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Dallas Fed Survey Shows Modest Credit Tightening & Deterioration In Loan Demand

US DATA
  • While not as wide-ranging as the Senior Loan Officer Opinion Survey, today’s Dallas Fed Banking Conditions Survey showed only a modest net tightening in credit standards and limited further deterioration in loan demand.
  • Collected Mar 21-29 across 71 financial institutions headquartered in the Eleventh Federal Reserve District, credit standards were tightened across a net 36% of respondents vs 30% six weeks ago, but that’s still off the recent high of 37.5% in the Nov’22 survey.
  • Similarly, loan demand is clearly depressed at levels close to the pandemic lows, but it hasn’t notably deteriorated compared to the Feb 21 results.


See more on latest weekly banking deposit and credit flows here: https://marketnews.com/markets/pdfs/u-s-commercial-banking-update-further-large-deposit-drawdown

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