November 18, 2002 News Archive

Senior Loan Officer Opinion Survey on Bank Lending Practices
Results of the October 2002 survey on bank lending practices indicated further tightening of credit underwriting standards for commercial and industrial loans (C&I) and overall weaker loan demand. Domestic banks attributed the decline in C&I loans to reduced demand from creditworthy borrowers, while foreign institutions indicated that tighter lending standards played an important role.

BIS Reports Acceleration of OTC Derivatives Market Activity
The Bank for International Settlements released statistics (PDF) on over-the-counter derivatives market activity as of June 2002.

OFAC Adds to Specially Designated Global Terrorists List
The Office of Foreign Asset Control (OFAC) recently added four new names to its list of Specially Designated Global Terrorists (SDGTs) to be blocked.