Fed survey finds tighter requirements, weaker demand for loans in first quarter

By Michael S. Derby and Ann Saphir

(Reuters) – Prime U.S. financial institution lending officers stated credit score requirements tightened over the primary three months of the 12 months, in response to a report launched on Monday by the Federal Reserve.

Throughout the first quarter banks reported “on stability tighter lending requirements and weaker demand” for business and industrial loans for companies of all sizes, stated the central financial institution’s newest Senior Mortgage Officer Survey masking exercise throughout the first quarter.

(Reporting by Michael S. Derby and Ann Saphir; Modifying by Andrea Ricci)