Given that Fed officials had the SLOOS
readings at their policy meeting on Jan.
* Net percentage of domestic respondents reporting stronger demand for consumer loans (SLOOS
Covas of Monetary Affairs at the Federal Reserve Board for providing the SLOOS
micro data, Stephen Jenkins at the Federal Reserve Bank of Cleveland for providing the research author with confidential supervisory data and Jose Fillat from the Federal Reserve Bank of Boston for his valuable insights.
Our second scenario assumes that, in addition to the weather assumptions above, this tightening reverses course, and mortgage lending standards ease modestly until the SLOOS
measure returns to where it had been at the end of 2013.
Table 11 indicates that the FSIs and FCIs tend to be highly correlated with the ADS and SLOOS
and are of the expected sign.
According to the SLOOS
, the deceleration in such loans can be explained, in part, by businesses' reduced demand to finance inventory accumulation and fixed investment.
(25.) Oosterwijk JC, Knepfle CF, Mesker WE, Vrolijk H, Sloos
WC, Pattenier H, et al.
The variable [DELTA] [S.sub.t] is the net percentage of banks that eased lending standards as reported in the Federal Reserve's Senior Loan Officer Opinion Survey (SLOOS
However, independent information on the tightening of bank credit standards is available from the Federal Reserve's quarterly Senior Loan Officer Opinion Survey (SLOOS