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CREJ News

Feb. 10, 2009

Fed Finds Banks Tighten Lending Standards

By JEANNINE AVERSA AP Economics Writer WASHINGTON - Many banks have made it harder for borrowers to obtain all kinds of loans over the last three months despite a $700 billion federal bailout program and a flurry of other bold moves to stem the worst financial crisis to hit the country since the 1930s.

By JEANNINE AVERSA

AP Economics Writer

WASHINGTON - Many banks have made it harder for borrowers to obtain all kinds of loans over the last three months despite a $700 billion federal bailout program and a flurry of other bold moves to stem the worst financial crisis to hit the country since the 1930s.

The Federal Reserve in its quarterly survey of bank lending practices released Feb. 2 found large numbers of banks report...

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