According to the Federal Reserve, the overall demand for most types of U.S. bank loans has fell greatly during the past three months, whereas the percentage of banks that were tightening their lending regulations and standards has declined from the peaks that were reached last year.
The survey taken by the Fed from bank loan officers in October showed that the demand was much stronger for prime residential real estate loans.
Furthermore, Fed declared that the demand for commercial and industrial loans, commercial real estate loans and nontraditional mortgages had fallen less as compared to residential loans.
