Americans harbored the most grim perceptions of credit availability in at least a decade during a month defined by a rash of US bank failures.

That’s according to the March vintage of the New York Fed’s consumer survey, released into what felt like a post-Easter void to start the week.

Although it’s difficult to discern from the visual below, the combined share of respondents reporting it was more difficult to obtain credit in March versus a year ago exceeded the same share in November.

The color accompanying the report didn’t reference the bank failures.

Bank lending from March 15 through March 29 dropped by the most for any two-week stretch on record, although the impact from last month’s unfortunate events appears to be concentrated in C&I and CRE lending.

Consumers’ perception of credit availability in the year ahead likewise deteriorated in the Fed survey, but the combined share expecting tighter conditions going forward remained well below last year’s peaks.

Note from the visual that Americans’ outlook for credit access has remained consistently dour for the duration of the Fed’s hiking campaign.

In addition to the more pessimistic views on credit availability, inflation expectations also moved higher in March. Year-ahead and three-year ahead expectations in the NY Fed poll rose to 4.7% from 4.2% and 2.8% from 2.7%, respectively. Both series are well below the highs, but the increase on the one-year index was the first since October.

Also notable: Home price expectations improved after nearly flatlining in November and January.