A trend toward tighter lending standards at the end of 2000 has reduced credit-quality concerns but has also slowed loan growth, the Federal Reserve Board reported Wednesday in its latest Beige Book survey of economic conditions.

One banker surveyed by the Fed said many of the loans his bank made a year ago "would have zero chance of being approved now." And tighter credit appears to be the rule even in cities that continue to have brisk economic growth, such as Houston.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.