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Getting More from the Senior Loan Officer Opinion Survey?

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Abstract

Every quarter, senior loan officers at selected large banks around the United States are asked by Fed economists how their standards for approving business loans changed compared with the quarter before. Of all the questions in the Senior Loan Officer Opinion Survey (SLOOS), responses to that question about standards usually attract the most attention from the financial press and researchers. Relatively ignored by comparison are loan officers? reports on how they changed interest spreads, collateral requirements, and other terms on loans they are willing to approve. Lenders can clearly expand or contract credit by altering those terms even without changing their standards for approving loans, so we investigate whether the reports on loan terms collected in the SLOOS are also informative.

Suggested Citation

  • Donald P. Morgan & John Sporn, 2017. "Getting More from the Senior Loan Officer Opinion Survey?," Liberty Street Economics 20170222, Federal Reserve Bank of New York.
  • Handle: RePEc:fip:fednls:87179
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    File URL: https://libertystreeteconomics.newyorkfed.org/2017/02/getting-more-from-the-senior-loan-officer-opinion-survey-.html
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    More about this item

    Keywords

    credit standards; loan growth; loan terms; SLOOS;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services

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