August 26, 2002 News Archive

Board Releases August 2002 Senior Loan Officer Survey on Bank Lending Practices
The Board released the most recent survey on bank lending practices focusing on changes in the supply of and demand for bank loans to businesses and households over the past three months. Survey results indicate some further tightening of standards and terms for loans both to businesses and to households.

Board Decides Not to Pursue Longer-Term Payments System Risk Policy Plan
The Board announced that it will not pursue two policy options related to its longer-term Payments System Risk policy. These options included lowering self-assessed net debit caps and eliminating two-week average caps, and rejecting all payments with settlement-day finality that would cause an institution to exceed its daylight overdraft capacity level. The Board, however, will continue to analyze the benefits and potential drawbacks of a two-tiered pricing regime for daylight overdrafts.