'A Rise in Delinquencies in All Loan Categories... Most Notably on Consumer Loans'

Bankers report little change in loan demand in any loan category or in refinancing activity. Respondents indicate continued tightening of credit standards across all loan categories, most evidently in the commercial mortgage category. No bankers report eased standards for any type of loan. Respondents note an increase in the spreads of loan rates over cost of funds in all loan categories, especially in commercial and industrial loans. Bankers also report a decrease in average deposit rates. Finally, respondents indicate a rise in delinquencies in all loan categories, but most notably on consumer loans.