The Federal Reserve has released the October 2007 Senior Loan
Officer Opinion Survey on Bank Lending Practices which addresses
changes in the supply of and demand for bank loans both to businesses and
consumers over the previous three months which, we presume, corresponds
to the third quarter of 2007.
Banks were asked separately about
changes in credit standards and demand for prime,
nontraditional, and subprime residential mortgages. The report summarizes
responses from 52 domestic banks and 22 foreign banking institutions, a
respondent pool which accounts for the majority of the bank lending in
the country...
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