Banking Conditions Survey
Special Questions
Special Questions
August 2020
For this survey, respondents were asked supplemental questions on the impacts of the coronavirus (COVID-19). Data were collected August 4–12, and 65 financial institutions responded to the survey.
Results Tables
Over the past six weeks, have you observed an increase in draws on existing commercial credit lines that you would attribute to the coronavirus (COVID-19)?
| March '20 (percent) |
May '20 (percent) |
June '20 (percent) |
August '20 (percent) |
|
| Yes | 24.6 | 37.1 | 18.6 | 12.7 |
| No | 75.4 | 62.9 | 81.4 | 87.3 |
NOTE: 63 responses.
Over the past six weeks, have you made any of the following SBA loans to businesses adversely impacted by the coronavirus (COVID-19)? Please select all that apply.
| May '20 (percent) |
June '20 (percent) |
August '20 (percent) |
|
| Paycheck Protection Program (PPP) loans | 80.6 | 80.6 | 79.7 |
| Traditional SBA loans | 4.5 | 15.3 | 8.5 |
| SBA Express bridge loans | 1.5 | 2.8 | 1.7 |
| We are not making SBA loans | 19.4 | 18.1 | 20.3 |
NOTE: 59 responses.
Are you participating or planning to participate in any of the Main Street Business Lending Facilities?
| June '20 (percent) |
August '20 (percent) |
|
| Yes | 5.5 | 10.9 |
| No | 45.2 | 68.8 |
| Don’t know/haven’t decided yet | 49.3 | 20.3 |
NOTE: 64 responses.
What share of your loan volume is currently on payment deferral due to the coronavirus (COVID-19)?
| June '20 (percent) |
August '20 (percent) |
|
| Total loans | 14.5 | 11.3 |
| Commercial and industrial loans | 7.2 | 5.1 |
| Commercial real estate loans | 12.7 | 11.6 |
| Residential real estate loans | 4.7 | 2.7 |
| Consumer loans | 4.5 | 2.6 |
NOTES: 60 responses. Shown is the trimmed mean with the lowest and highest 5 percent of responses omitted.
What are the top three types of businesses that are seeking loan modifications, including but not limited to payment deferrals?
| August '20 (percent) |
|
| Accommodation and food services | 69.0 |
| Real estate and rental and leasing | 67.2 |
| Retail/wholesale trade | 37.9 |
| Professional and business services | 17.2 |
| Other services (personal and laundry services, repair and maintenance, etc.) | 12.1 |
| Health care and social assistance | 10.3 |
| Mining (oil and gas, etc.) | 10.3 |
| Construction | 5.2 |
| Agriculture | 3.4 |
| Manufacturing | 1.7 |
| Educational services | 0.0 |
| Other | 17.2 |
NOTES: 58 responses.
Questions regarding the Banking Conditions Survey can be addressed to Emily Kerr at emily.kerr@dal.frb.org.
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