U.S. banks are relaxing their terms on credit cards and lending for autos and commercial real estate, according to a Federal Reserve survey. "Domestic banks, on balance, continued to report having eased their lending standards across most loan types over the past three months," the Fed said Monday in its quarterly survey of senior loan officers. Banks in the United States are lending the most since the recession ended in June 2009, supporting an economy burdened by 8.3% unemployment. Fed policymakers including Chairman Ben S. Bernanke weighed the results of the survey at their July 31-Aug. 1 meeting, at which they said they "will provide additional accommodation as needed" to support the...
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