NOTE: You may continue to use SPECS, SWDG, and BLPS
for laser eye protection.
Significant fractions of banks responding to the BLPS
in 2004 reported also having eased C&I lending standards, in large part because of a firmer economic outlook (chart 5).
, SPECS, and SWDG use four lenses designed for each item: clear, sunglass, three-line laser protective, and two-line laser protective.
Use only the SWDG, BLPS
, SPECS or the products found on the APEL.
In the first part of 2003, banks reported tightening both standards and terms somewhat; but by the end of the year, a substantial net fraction of respondents had begun easing terms, and in the January 2004 BLPS
a significant net fraction reported easier standards (chart 5, bottom panel).
For operational readiness, it's best to keep two separate PLCs--one for the BLPS
and one for the M40A1 mask.
A small net percentage of those banks reported in the October 2003 BLPS
that they had continued to experience an increase in demand for commercial real estate loans for which the proceeds were earmarked for commercial and industrial purposes.
Nonetheless, results from the October BLPS
suggested that reduced demand from creditworthy borrowers was a much more important reason than tighter supply conditions for the decline in C&I loans last year.
GRAPHIC OMITTED] Of the banks that responded to every one of the BLPS
during the past two years, 29 percent reported that they had tightened C&I lending standards no more than once, 24 percent reported tightening two or three times, and 46 percent tightened four or more times (table A).
For the first three quarters of 2000, commercial banks appeared to be willing suppliers of consumer credit, according to BLPS
Information from the Federal Reserve's quarterly Survey of Terms of Business Lending (STBL) was consistent with the information from the BLPS
, suggesting that banks had tightened lending standards and terms over the past year.
Judging from responses to the BLPS
, the tightening was especially noticeable for large and medium-sized borrowers and represented the first time that large banks did not ease terms, on net, since 1993 (chart 7).