Banking Conditions Survey

Special Questions

December 2025

For this survey, respondents were asked supplemental questions about credit standards and loan demand. Data were collected December 16–24, and 62 bankers responded to the survey.

1. How do you expect credit standards and terms to change over the next three months for the following loan categories?

	Ease considerably (percent)	Ease somewhat (percent)	Remain unchanged (percent)	Tighten somewhat (percent)	Tighten considerably (percent)
Commercial and industrial	0.0	0.0	84.5	13.8	1.7
Commercial real estate	0.0	3.4	82.8	12.1	1.7
Residential real estate	0.0	10.3	79.3	10.3	0.0
Consumer	0.0	6.6	80.3	11.5	1.6

NOTES: 61 responses. This question was most recently posed in Sep. ’25.

2. How do you expect credit standards and terms to change over the next three months for the following categories of commercial real estate lending?

	Ease considerably (percent)	Ease somewhat (percent)	Remain unchanged (percent)	Tighten somewhat (percent)	Tighten considerably (percent)
Construction and land development	0.0	5.2	72.4	19.0	3.4
Industrial	0.0	0.0	82.8	13.8	3.4
Retail	0.0	1.7	81.0	12.1	5.2
Multifamily	0.0	3.4	72.4	20.7	3.4
Office	0.0	1.7	67.2	24.1	6.9
Hotels/lodging	0.0	0.0	75.9	17.2	6.9
Other	0.0	0.0	92.9	7.1	0.0

NOTES: 58 responses. This question was most recently posed in Sep. ’25.

3. Over the past six weeks, how has loan demand changed for the following loan categories?

	Increased	No change	Decreased
Commercial and industrial	25.9	51.7	22.4
Commercial real estate	41.4	37.9	20.7
Residential real estate	13.6	61.0	25.4
Consumer	13.1	65.6	21.3

NOTES: 61 responses. This question was most recently posed in Sep. ’25.

4. Over the next six months, how do you expect loan demand to change for the following loan categories?

	Increased	No change	Decreased
Commercial and industrial	36.8	54.4	8.8
Commercial real estate	50.9	38.6	10.5
Residential real estate	45.8	45.8	8.5
Consumer	19.4	71.0	9.7

NOTES: 62 responses. This question was most recently posed in Sep. ’25.

Special Questions Comments

Survey participants are given the opportunity to submit comments. Some comments have been edited for grammar and clarity.

The economic market is driven by lowering interest rates.
We expect a recession over the next few months caused by stagflation.
We are disciplined with our credit standards regardless of loan demand. With the recent rate drop, we anticipate loan demand to increase next year. We are not very active in consumer lending and do not anticipate any change in the demand or granting of consumer loans.
Competition for good loans is increasing with rate concessions becoming common.

Questions regarding the Banking Conditions Survey can be addressed to Mariam Yousuf at mariam.yousuf@dal.frb.org.