Senior Loan Officer Opinion Survey on Bank Lending Practices

ICR 202105-7100-009

OMB: 7100-0058

Federal Form Document

Forms and Documents
Supporting Statement B
Supporting Statement A
IC Document Collections
36041 Modified
247520 New
ICR Details
7100-0058 202105-7100-009
Active 201805-7100-001
FRS FR 2018
Senior Loan Officer Opinion Survey on Bank Lending Practices
Extension without change of a currently approved collection   No
Approved without change 05/28/2021
Retrieve Notice of Action (NOA) 05/28/2021
  Inventory as of this Action Requested Previously Approved
05/31/2024 36 Months From Approved 05/31/2021
624 0 624
1,248 0 1,248
0 0 0

A senior loan officer at each respondent bank completes this voluntary survey through an electronic submission, up to six times a year. Consistent with the Senior Financial Officer Survey (FR 2023; OMB No. 7100-0223), senior staff at the Reserve Banks with knowledge of bank lending practices serve as the main contacts for SLOOS respondents in their district and help administer the survey. The current reporting panel consists of up to 80 large domestically chartered commercial banks and up to 24 large U.S. branches and agencies of foreign banks. The purpose of the survey is to provide qualitative and limited quantitative information on credit availability and demand, as well as on evolving developments and lending practices in the U.S. loan markets. A portion of each survey typically covers special topics of timely interest; therefore, a sample form is not included in this proposal. Although the Board has the authority to conduct the survey up to six times a year, the survey has typically been conducted only four times a year since 1992. Consistent with the FR 2023, other types of respondents, such as other depository institutions, bank holding companies, or other financial entities, may be surveyed, if appropriate. The respondents’ answers provide information that is critical to the Federal Reserve’s monitoring of bank lending practices and credit markets. The Federal Reserve relies on the regular opportunity to solicit information from banks within the framework of the survey. Aggregated survey results from 1997 to present are available to the public on the Board’s website.

US Code: 12 USC 225a Name of Law: Federal Reserve Act
   US Code: 12 USC 263 Name of Law: Federal Reserve Act
   US Code: 12 USC 248(a) Name of Law: Federal Reserve Act
   US Code: 12 USC 3105(c)(2) Name of Law: International Banking Act of 1978

Not associated with rulemaking

  85 FR 65045 10/14/2020
86 FR 8012 02/03/2021

IC Title Form No. Form Name
FR 2018
Special surveys

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 624 624 0 0 0 0
Annual Time Burden (Hours) 1,248 1,248 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0

Yes Part B of Supporting Statement
Richard Palmer 202 502-8438 [email protected]


On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

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