WASHINGTON (Reuters) - The Federal Reserve said on Monday it will release on Tuesday the results of a new quarterly lending survey based on terms and conditions in the securities financing and over-the-counter derivatives markets.
The inaugural Senior Credit Officer Opinion Survey on Dealer Financing Terms will be released at 2 p.m. EDT (1800 GMT) on Tuesday.
The survey is modeled after the long-established Senior Loan Officer Opinion Survey on Bank Lending Practices, which provides qualitative information about the changes in supply and demand for loans to households and businesses at commercial banks.
The new poll surveys approximately 20 securities and derivatives dealers, which the Fed said accounts for almost all of the dealer activity in dollar-denominated securities financing and OTC derivatives markets. It may be expanded to include other firms over time.
The U.S. central bank said the survey aims to provide qualitative information on terms and conditions in markets which are "important conduits for leverage in the financial system" outside of traditional bank lending.
Release of the new poll comes as U.S. lawmakers are preparing for final passage of sweeping regulatory reform legislation that among other things, aims to bring more oversight and transparency to derivatives markets.
U.S. policymakers are also working to try to revive debt securitization markets, which were severely curtailed during the financial crisis, reducing credit to many businesses and homebuyers.
(Reporting by David Lawder; Editing by Andrea Ricci)