Deputy Seminar, Denver, CO

CSBS - 2018 DEPUTY SEMINAR Denver, CO– July 16, 2018

CRE Loan Standards: Net Tightening (Source: Federal Reserve System, Senior Officers Lending Survey)

10 20 30 40 50

ADC Non-Res Multifam

-20 -10 0

2013 Q4

2014 Q1

2014 Q2

2014 Q3

2014 Q4

2015 Q1

2015 Q2

2015 Q3

2015 Q4

2016 Q1

2016 Q2

2016 Q3

2016 Q4

2017 Q1

2017 Q2

2017 Q3

2017 Q4

2018 Q1

CSBS - 2018 DEPUTY SEMINAR Denver, CO– July 16, 2018