Demand is up for US equity funding, finds Fed SCOOS survey

The March 2024 Senior Credit Officer Opinion Survey on Dealer Financing Terms (SCOOS) collected qualitative information on changes in credit terms and conditions in securities financing and over-the-counter (OTC) derivatives markets between November 2023 and February 2024. In addition to the core questions, the survey included a set of special questions about changes in financing terms and market conditions since the beginning of 2023 for selected segments of the market for commercial mortgage-backed securities (CMBS) collateralized by office properties.

  • One-third of dealers indicated increased demand for funding of equities (including through stock loans) over the past three months (see the exhibit “Measures of Demand for Funding and Market Functioning”).

The full survey is available at https://www.federalreserve.gov/data/scoos/scoos-202403.htm

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