WASHINGTON - Demand for business loans is up but household loan demand is down, according to the Federal Reserve's May senior loan officer survey.

About 30% of the officers from 60 U.S. banks who participated in the Fed's lending practices survey reported greater loan demand by large firms than three months earlier. Twenty-five percent reported greater demand by middle-market firms, while 15% reported greater demand by small firms.

A few more banks reported lower demand for home-equity loans and consumer installment loans - the first decline in demand for consumer installment credit since the beginning of 1992. On balance, about 15% of the banks reported weaker demand for residential mortgages.

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