Net percentage of domestic banks reporting tighter standards on C&I loans to large/middle-market firms, from the Fed's quarterly Senior Loan Officer Opinion Survey (SLOOS). INVERSE: rising tightening = bearish for credit-sensitive equities. This is the genuine alt-data differentiator for financials — credit desks watch SLOOS closely; it almost never appears on retail-facing platforms because it's quarterly and easy to overlook, not because it isn't predictive.
Banks tighten lending standards 1-3 quarters before loan growth actually slows, because underwriting changes affect new originations before they affect outstanding balances. A sharp SLOOS tightening reading has historically preceded recessions and regional-bank credit stress by 2-4 quarters.
| Factor family | Liquidity |
| Relative weight | Core |
| Update cadence | Quarterly |
| Modeled lead | ~8 weeks (a modeling assumption, not a validated finding) |
| Data source | FRED |
The lead time above is a design assumption, not an out-of-sample-validated relationship for a specific security or index. This is one Liquidity input among 47; it measures macro context, not a full investment thesis.
JPM · BAC · WFC · C · KRE · GS
Unstructured Alpha weighs Senior Loan Officer Survey — C&I Lending Standards alongside 46 other macro signals to build a Confluence Score for each stock. See how this signal is currently shaping the macro backdrop for the tickers you follow.
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Scores are derived from macro signals (FRED, EIA, SEC filings, FINRA short interest)
and updated as new data arrives. This is not financial advice. Past signal accuracy
does not guarantee future results.
unstructuredalpha.com · Not financial advice