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N.Y

Small- to medium-sized banks report falling demand for all types of loans--particularly in the residential mortgage category, where more than four in five respondents indicate declining demand.

More broadly, reports from Realtors across New York State indicate increasingly weak market conditions for single-family homes, with prices down roughly 10 percent from a year ago and unit sales down 15 percent.

S.F

District banking contacts reported that loan demand changed little relative to the previous survey period. Commercial and industrial loan volumes were largely stable, and lending for residential mortgages stayed stuck at low levels throughout the District. Lending standards remained relatively restrictive for residential mortgages and construction loans, and scattered reports pointed to further tightening for consumer and business borrowers in general.

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