Credit terms for big U.S. investors were generally unchanged during the summer in comparision with spring, according to a quarterly Federal Reserve survey.
The central bank on Tuesday released the Senior Credit Officer Opinion Survey, that showed "no significant changes" in financing terms over the past three months but noted a "slight easing" for some recipients, such as insurance companies, real-estate investment trusts, mutual funds, pension funds and endowments.
At the same time, Fed noted that firms use of leverage was generally unchanged.
The report, which looks at the so-called "shadow" banking system excists since 2010 and looks at credit conditions for big investors in the securities financing and derivatives markets.