Banks Tightened Lending Standards (Q1-2009)
The Federal Reserve's survey of senior loan officers found that banks continued to tighten lending standards in February through April, putting additional pressure on consumers and businesses. However, the survey found indications that the tightening might be starting to abate. For example, 80% of U.S.. banks tightened standards for commercial real estate loans in January, while 65% did so in the past three months.
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posted by Victor Lloyd Smith @ 10:21 AM
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