Investor Presentaiton
3 Consumer Loan Supply & Demand Has Weakened
Consumer loan supply and demand has weakened significantly over the last
few months, reducing consumers' ability to finance spending from borrowing
Federal Reserve Senior Loan Officer Opinion Survey (SLOOS) | July 31, 2023:
Net Percent of Domestic Respondents Reporting Increased Willingness to Make Consumer Installment Loans
Net percent
60
البشلالالالالالالالاليينليييالبييل
1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 2023
Apr.
survey
40
20
0
-20
-40
-60
60
Net Percent of Domestic Respondents Reporting Stronger Demand for Consumer Loans
Net percent
80
All consumer loans
Credit card
Auto
Other consumer
зриви
Apr.
60
survey
40
20
0
-20
-40
-60
الليالي
-80
1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 2023
"Just more broadly on credit, we've said now for probably the last 4 or 5 quarters, we've been kind of incrementally tightening the credit
box on the consumer side for a while. Whether it's really across the board in home lending, auto, card, personal loans, really every single
one of them had some credit tightening."
- Michael Santomassimo, CFO, Wells Fargo October 13, 2023
Source: Federal Reserve, Company Transcripts
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