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IPFS News Link • Economy - Economics USA

Fed Reports Unexpected Collapse In Credit Card, Auto Loan Demand

• http://www.zerohedge.com, by Tyler Durden

... we were looking forward to the latest Fed Senior Loan officer survey for more details about changing loan dynamics within US society. 

What the report revealed was troubling: while on the surface, the Loan Officer Survey characterized loans to businesses as "basically unchanged" from the previous survey, it did remark that standards for commercial real estate (CRE) loans had tightened. 

According to the report, "banks reported tightening most credit policies on Commercial Real Estate loans over the past year.... On balance, banks reported weaker demand for CRE loans in the first quarter."

More concering was the continued drop in demand for C&I loans among small, medium and large corporations, with "inquiries for C&I lines of credit remained basically unchanged" staying at a modestly depressed rate.


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