Federal Reserve (FED) on Monday (January 31) released the results of a survey in 2011 will be the most optimistic mood for years one-year bank, the banking sector this year is expected to write down bad loans to businesses and consumers will be lower than in previous years.
The Fed survey showed that some U.S. and foreign banks continued to relax the terms of commercial and industrial loans, but they are such as consumer credit and mortgage lending standards and terms remained virtually unchanged.
The Fed said that industrial and commercial banks to relax loan terms because of increased competition among banks and the improving economic outlook.
The survey also showed that the banking sector to the delinquency and write-off rate in 2011 will improve was "significantly more optimistic. "