A new survey shows that just over a third of nationally chartered banks are actively lending.
The Office of the Comptroller of the Currency’s survey of national bank examiners shows that 37 percent of banks examined were increasing their loan production. Thirty-one percent had little change in loan production, the survey said.
The survey also showed that underwriting standards by banks have tightened.
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I have used my HELOC recently – at least the bank hasn’t DECREASED my line. Haven’t needed to try for an increase.
Here’s what the NY Fed has to say about the contraction in lending. Report is 18 pages, lots of white space, charts. Fast read.
http://www.zerohedge.com/article/new-york-fed-shadow-banking