Fed Says Banks Forecast Improved Lending Outlook for 2013

U.S. banks expect credit quality to rise in 2013 after they eased standards on loans for autos and businesses of all sizes, according to a Federal Reserve survey.

“Banks expect improvements in credit quality in most major loan categories” in 2013, the central bank said today in its quarterly survey of senior loan officers released in Washington. The number of banks with such an expectation was described as “moderate to large.”