The Dallas Fed Banking Conditions Survey showed notable weakening in November, as both loan volume and demand declined after several months of growth, while pricing deteriorated sharply and overall loan performance worsened, signaling broad cooling in credit activity.

• Total loan volume fell to -10.0 (from +8.6), with 36% of banks reporting decreases and 26% reporting increases, indicating a net pullback in lending.

• Loan demand declined to -7.1 (from +14.3), as roughly one-third of respondents saw weaker demand across most loan types.

• Loan pricing dropped steeply to -52.2 (from -24.2), marking the sharpest decline among indicators, with over half of banks reporting lower pricing.

• Nonperforming loans rose to 14.3 (from 1.5), showing a faster pace of deterioration compared with prior surveys.

• Credit standards and terms held steady at 0.0 (from -4.7), as 91% of banks reported no change.

• Commercial and industrial loan activity softened, with loan volume at -9.2 (from +9.2), and consumer lending weakened sharply (-17.1 vs -12.0).

• Real estate lending was mixed, as commercial loan volume improved modestly (+6.1 vs +4.6) but residential activity edged lower (-1.6 vs -3.0).

• Bankers’ six-month outlook showed optimism for loan demand (26.1, though down from 36.2) and business activity (20.0, up from 14.3), but expectations for nonperforming loans remained elevated (14.7 vs 13.1).