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The Banks Say It's Not Their Fault Anymore -- No One (Except The Government) Wants To Borrow Money

Read The Banks Say It's Not Their Fault Anymore -- No One (Except The Government) Wants To Borrow Money


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The Federal Reserve's quarterly loan officer's survey makes two interesting points:
  • Banks have, in large part, finally stopped tightening their lending standards

BUT

  • Demand for loans is still falling

That makes sense, given weak consumer spending and the huge debt mountain we need to work off.  But it won't improve the economy anytime soon.
 

After tightening lending standards for more than two years, banks are finally starting to loosen up, especially for lending to big companies. Here, Commercial and Industrial loans...

After tightening lending standards for more than two years, banks are finally starting to loosen up, especially for lending to big companies.  Here, Commercial and Industrial loans...

Same trend for Consumer loans (credit cards, auto loans, etc.), though here banks are still tighteningSame trend for Consumer loans (credit cards, auto loans, etc.), though here banks are still tightening

More banks are even willing to make Consumer installment loans again (buy now, pay later!)More banks are even willing to make Consumer installment loans again (buy now, pay later!)
The trend for Commercial Real Estate loans is also improving, but here banks are still tighteningThe trend for Commercial Real Estate loans is also improving, but here banks are still tightening

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