The Senior Loan Officer Opinion Survey for January has just been issued by the Federal Reserve Board. In answer to a special question about limits on commercial lines of credit here is the latest word on the street:
Regarding existing accounts for businesses, roughly 60 percent, on balance, reported a decrease in the limits on commercial construction lines of credit, about 50 percent indicated a decrease in the limits on credit lines extended to financial firms, about 30 percent indicated a decrease in credit limits on business credit card accounts, and roughly 25 percent noted a decrease in the size of C&I credit lines.
It is interesting. I read this in the news and even at the Federal Reserve Board site, but then I read elsewhere that banks are lending.
What is happening at your bank?
