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Fed Says U.S. Banks Eased Loans Amid Broad Pickup in Demand

Banks in the U.S. eased lending requirements amid a widespread increase in demand during the second quarter, according to a Federal Reserve survey.

“Survey results showed a continued easing of lending standards and terms for many types of loan categories amid a broad-based pickup in loan demand,” the Fed said today in Washington in its quarterly survey of senior loan officers. The central bank surveyed 75 domestic banks and 23 U.S. units of foreign banks from July 1 to July 15.