Some new construction projects, however, have reportedly been put on hold because of higher interest rates. According to respondents of a recent Senior Loan Officers survey, credit standards for all loan categories are unchanged. Respondents also report that demand for commercial and industrial loans and for commercial real estate loans remains unchanged. Demand for residential real estate loans, on the other hand, is weaker. Half of the respondents note that demand for consumer loans is weaker, while the other half have experienced no change.
Banks continue to have trouble attracting deposits.
Agriculture and Natural Resources Drought-like conditions continue to affect much of the District. To comment on this site, please fill out our feedback form.