The lending environment for hedge funds, pension plans and real estate investment trusts has changed little over the past three months, according to a Federal Reserve survey.
“Responses to the core questions generally suggested little change over the past three months,” the central bank said today in a quarterly survey of senior credit officers. The survey was conducted from Nov. 19 to Dec. 2.
The Fed’s survey of 22 Wall Street dealers enables the central bank to gauge the financing conditions available to institutional investors. This quarter’s survey noted little change across different types of lending in the three-month period from September to November.
One of the only changes highlighted in the report was that one-third of respondents reported a decline in leverage at trading real estate investment trusts.