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Monetary Policy Report submitted to the Congress on February 27, 2008, pursuant to section 2B of the Federal Reserve Act

Table for figure of Delinquency Rates on Commercial Real Estate Loans at Banks, 1991-2007
Percent
Period Multifamily and nonfarm nonresidential Construction and land development
1991:Q1 19.8121 18.0026
1991:Q2 19.3629 18.8983
1991:Q3 18.4080 18.5388
1991:Q4 17.4837 18.6303
1992:Q1 16.6608 18.3841
1992:Q2 15.8960 18.1165
1992:Q3 15.7581 18.2053
1992:Q4 15.0364 17.4026
1993:Q1 14.3163 15.0267
1993:Q2 13.3395 14.0212
1993:Q3 12.6674 12.2486
1993:Q4 11.0814 10.8098
1994:Q1 10.4199 9.5509
1994:Q2 9.4870 7.9857
1994:Q3 8.4078 7.3994
1994:Q4 8.2369 5.9620
1995:Q1 8.2272 5.5340
1995:Q2 8.0661 5.0379
1995:Q3 7.8136 4.8186
1995:Q4 6.1451 4.2980
1996:Q1 6.0579 4.1107
1996:Q2 5.7329 3.8694
1996:Q3 5.5905 3.3542
1996:Q4 5.2745 3.0355
1997:Q1 4.7136 3.0539
1997:Q2 4.4465 2.4215
1997:Q3 4.2578 2.4588
1997:Q4 4.1153 2.4738
1998:Q1 3.8320 2.4080
1998:Q2 3.7335 2.3886
1998:Q3 3.5976 2.2931
1998:Q4 3.5286 2.3781
1999:Q1 3.8906 2.1926
1999:Q2 3.2088 2.0192
1999:Q3 2.5984 1.7424
1999:Q4 2.3890 1.6730
2000:Q1 2.3539 1.8989
2000:Q2 2.2787 1.7484
2000:Q3 2.3773 1.8567
2000:Q4 2.4116 1.8826
2001:Q1 2.5147 1.9339
2001:Q2 2.7149 2.0928
2001:Q3 3.0416 2.3546
2001:Q4 3.0033 2.3264
2002:Q1 2.7350 2.1618
2002:Q2 2.6061 2.1749
2002:Q3 2.4775 2.0801
2002:Q4 2.4231 1.8723
2003:Q1 2.5358 1.9078
2003:Q2 2.5524 1.7760
2003:Q3 2.3881 1.5925
2003:Q4 2.2935 1.4084
2004:Q1 1.9858 1.2149
2004:Q2 2.1252 1.2140
2004:Q3 2.0649 1.0766
2004:Q4 1.8815 1.0199
2005:Q1 2.0414 1.0199
2005:Q2 1.9122 0.9632
2005:Q3 1.9734 0.9852
2005:Q4 1.9081 0.9674
2006:Q1 1.9281 0.9665
2006:Q2 1.9563 1.0091
2006:Q3 2.1232 1.2476
2006:Q4 2.4148 1.6229
2007:Q1 2.6221 1.8301
2007:Q2 2.8803 2.3947
2007:Q3 2.9092 3.1270
2007:Q4 3.3286 4.6812

Note: The data are quarterly and extend through 2007:Q4. Delinquency rate is the percent of loans thirty days or more past due or not accruing interest.

Source: Federal Financial Institutions Examination Council, Consolidated Reports of Condition and Income (Call Report).

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