UPDATE 1-Fed to release new dealer credit survey on Tuesday

(Adds details on survey)

WASHINGTON, July 12 (BestGrowthStock) – The Federal Reserve said
on Monday it will release on Tuesday the results of a new
quarterly lending survey based on terms and conditions in the
securities financing and over-the-counter derivatives markets.

The inaugural Senior Credit Officer Opinion Survey on
Dealer Financing Terms will be released at 2 p.m. (1800 GMT) on

The survey is modeled after the long-established Senior
Loan Officer Opinion Survey on Bank Lending Practices, which
provides qualitative information about the changes in supply
and demand for loans to households and businesses at commercial

The new poll surveys approximately 20 securities and
derivatives dealers, which the Fed said accounts for almost all
of the dealer activity in dollar-denominated securities
financing and OTC derivatives markets. It may be expanded to
include other firms over time.

The U.S. central bank said the survey aims to provide
qualitative information on terms and conditions in markets
which are “important conduits for leverage in the financial
system” outside of traditional bank lending.

Release of the new poll comes as U.S. lawmakers are
preparing for final passage of sweeping regulatory reform
legislation that among other things, aims to bring more
oversight and transparency to derivatives markets.

U.S. policymakers are also working to try to revive debt
securitization markets, which were severely curtailed during
the financial crisis, reducing credit to many businesses and
(Reporting by David Lawder; Editing by Andrea Ricci)

UPDATE 1-Fed to release new dealer credit survey on Tuesday