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Why Banks are Going on a 'Credit Diet

Why Banks are Going on a 'Credit Diet

Every time a new Beige Book report comes out, we award our regional Federal Reserve Bank the prestigious Beigie Award for the best anecdote. The winner of the October 2023 Beigie competition highlighted an interesting shift in the behavior of some major banks. Today, we'll talk to our winner about "credit diets."

 

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