Nearly a Quarter of Banks Report Easing Lending Standards

by Peter Thomas Ricci

Are lending standards starting to ease up? That seems to be the implication of new survey data from the Fed.

Nearly a full quarter of banks reporting eased lending standards in 2014’s second quarter in the Federal Reserve’s latest opinion survey of senior loan officers.

The report, which was issued this week, found that 23.9 percent of banks have “eased somewhat” in their lending standards, with 70.4 percent reporting unchanged standards and 2.8 percent reporting both partial and considerable tightening.

How does this stack up with previous second-quarter reports? Take a look at our graph below, which charts the Fed’s survey results from 2007 to the present day:

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