Fed Says Fewer Banks Tightened Standards for Lending (Update3) - Bloomberg.com

Feb. 1 (Bloomberg) -- Fewer banks tightened standards for loans to consumers and companies last quarter, a Federal Reserve report showed, as the economy grew at the fastest pace in six years.

Banks continued to tighten the terms of loans they did make, and demand for both business and household loans weakened further over the past three months, the Fed said today in its quarterly survey of senior loan officers.

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