WASHINGTON - Demand for loans remained strong last month, although banks in some regions are cutting rates and easing credit standards to retain their market share, the Federal Reserve Board reported Wednesday.

Competition is particularly fierce in the Atlanta and St. Louis districts, the Fed said in the Beige Book, its periodic review of the country's economic condition.

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.