Board of Governors of the Federal Reserve System

Survey of Terms of Business Lending - E.2

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Release Date: September 24, 2013

E.2 Survey of Terms of Business Lending
AUGUST 5-9, 2013

1. Commercial and industrial loans made by all commercial banks 1
Maturity/repricing
interval 2 and
risk 3 of loans
Weighted-
average
effective
loan rate 4
(percent)
Total value
of loans
($ millions)
Average
loan size
($ thousands)
Weighted-
average
maturity 5
Percent of value of loans Commitment status
Secured
by
collateral
Subject to
prepayment
penalty
Prime
based
SBA
backed 6
Made under
participation
or syndication 7
Percent
made under
commitment
Average
months
since loan
terms set 8
 Days 
1.  All C&I loans 2.15 91,124 694 616 43.0 33.3 17.0 0.5 45.0 77.2 11.4
Minimal risk 1.16 4,002 1,458 199 19.5 76.5 5.0 0.0 14.9 28.2 7.9
Low risk 1.34 16,911 1,214 439 45.3 40.9 8.7 0.4 27.9 81.2 10.4
Moderate risk 2.44 36,496 573 887 39.7 23.7 20.0 0.5 57.3 89.9 14.0
Other 2.41 26,433 621 455 54.7 37.8 20.4 0.5 33.1 58.6 11.6
 
2.  Zero interval 3.32 20,370 328 843 66.3 26.2 56.2 0.9 42.0 94.1 13.1
Minimal risk 2.52 422 600 673 90.5 11.7 39.0 0.0 28.2 80.5 17.8
Low risk 2.67 1,905 407 899 65.7 9.4 49.2 0.3 44.3 91.4 18.0
Moderate risk 3.11 10,602 366 874 57.6 29.5 51.8 1.0 44.4 95.9 13.1
Other 3.78 6,890 291 800 76.1 24.3 63.7 0.9 40.0 92.8 11.9
 
3.  Daily 1.02 24,057 3,751 221 35.8 52.8 1.9 0.4 18.4 44.2 12.2
Minimal risk 0.76 2,869 7,590 23 3.8 94.7 0.6 0.0 2.8 4.4 1.5
Low risk 0.73 6,395 3,605 50 49.8 50.4 1.1 0.0 4.2 66.1 9.7
Moderate risk 1.72 5,559 2,157 780 18.6 22.0 3.9 0.9 65.1 88.3 16.0
Other 0.86 9,219 5,710 71 46.4 60.0 1.6 0.4 4.7 14.7 7.3
 
4.  2 to 30 days 1.96 21,756 492 603 43.3 36.8 12.9 0.1 50.6 78.6 12.0
Minimal risk 1.04 309 3,205 446 25.9 57.1 0.6 0.0 28.1 93.3 0.7
Low risk 1.30 5,492 1,066 619 44.0 54.9 6.9 0.0 43.0 89.1 7.2
Moderate risk 2.06 10,141 426 697 37.4 27.5 13.5 0.1 61.4 77.5 15.0
Other 2.28 5,216 401 422 51.9 30.0 12.0 0.3 42.6 66.3 13.8
 
5.  31 to 365 days 2.31 22,739 2,201 767 26.2 14.9 1.8 0.3 69.8 95.2 9.4
Minimal risk 2.67 363 275 730 48.1 32.1 4.9 0.0 79.8 94.0 6.6
Low risk 1.74 2,892 1,870 633 23.0 16.1 1.2 1.8 39.5 92.5 12.5
Moderate risk 2.40 9,507 2,254 1,084 31.4 14.3 1.4 0.1 64.1 98.4 13.3
Other 3.31 4,441 2,287 653 38.8 24.3 1.5 0.2 69.6 84.9 11.1
 Months 
6.  More than 365 days 4.00 2,166 288 50 75.3 41.1 14.8 2.8 54.2 81.8 9.3
Minimal risk 3.06 39 169 42 85.3 7.0 0.0 0.0 55.7 88.1 5.6
Low risk 3.46 219 337 51 69.2 19.5 19.1 3.8 51.6 80.8 11.4
Moderate risk 4.10 667 187 53 83.3 20.9 12.4 2.0 42.4 74.3 8.1
Other 4.48 661 292 47 74.1 23.2 25.9 2.2 38.8 77.4 6.7
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 3.91 3,119 3.2 95 91.3 9.5 62.5 2.4 33.0 72.5 9.3
8.  100 - 999 3.55 11,835 3.2 101 82.7 18.2 55.5 1.7 34.9 83.7 11.9
9.  1,000 - 9,999 2.64 21,894 3.1 85 48.7 27.7 24.6 0.4 56.1 90.8 14.9
10.  10,000+ 1.55 54,276 3.0 23 29.2 40.2 2.9 0.1 43.5 70.6 9.6
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.10 15,463 3.3 32 76.2 8.8 202 1.5 47.6 80.2 12.3
12.  Other 1.75 75,661 3.0 54 36.2 38.3 1,382 0.3 44.5 76.6 11.2

2. Commercial and industrial loans made by domestic banks 1
Maturity/repricing
interval 2 and
risk 3 of loans
Weighted-
average
effective
loan rate 4
(percent)
Total value
of loans
($ millions)
Average
loan size
($ thousands)
Weighted-
average
maturity 5
Percent of value of loans Commitment status
Secured
by
collateral
Subject to
prepayment
penalty
Prime
based
SBA
backed 6
Made under
participation
or syndication 7
Percent
made under
commitment
Average
months
since loan
terms set 8
 Days 
1.  All C&I loans 2.71 58,306 454 863 45.5 14.7 25.5 0.6 59.1 92.5 12.8
Minimal risk 2.57 712 278 477 77.7 24.7 28.4 0.0 39.7 84.6 10.7
Low risk 2.08 7,976 590 776 42.9 6.0 18.0 0.3 45.5 90.1 17.5
Moderate risk 2.66 30,171 481 1,002 41.4 13.6 23.5 0.6 60.3 92.9 14.5
Other 3.55 12,421 302 834 67.0 18.5 41.0 1.1 53.0 90.0 12.5
 
2.  Zero interval 3.29 19,823 322 833 66.3 26.9 55.9 0.9 40.5 94.0 12.8
Minimal risk 2.23 322 493 419 90.5 15.3 51.0 0.0 8.0 74.5 15.0
Low risk 2.66 1,886 406 894 65.9 9.5 49.0 0.3 43.8 91.3 18.0
Moderate risk 3.09 10,434 362 869 58.1 29.9 51.0 1.0 43.5 95.9 12.9
Other 3.72 6,631 284 791 75.9 25.3 63.4 0.9 37.8 92.5 11.5
 
3.  Daily 2.05 5,952 1,026 843 23.4 3.6 7.6 1.4 69.3 98.0 19.8
Minimal risk 2.57 39 133 389 99.7 0.5 46.3 0.0 8.0 100.0 4.9
Low risk 1.54 1,159 688 324 23.8 9.7 6.2 0.0 23.2 96.5 31.1
Moderate risk 1.96 4,272 1,742 981 18.5 1.2 5.1 1.1 82.8 98.3 17.6
Other 4.00 467 359 659 58.3 10.4 31.0 8.1 63.7 99.0 14.7
 
4.  2 to 30 days 2.62 12,895 298 859 52.2 10.3 21.7 0.2 66.8 81.4 15.1
Minimal risk 1.72 42 580 312 63.8 49.1 4.1 0.0 58.0 95.1 4.9
Low risk 2.07 2,376 475 1,049 54.7 2.9 15.9 0.0 64.4 82.0 13.1
Moderate risk 2.47 7,144 304 895 43.2 6.2 19.1 0.1 73.5 80.7 16.4
Other 3.18 2,775 220 679 67.9 11.4 22.5 0.5 62.3 79.1 16.3
 
5.  31 to 365 days 2.22 17,780 1,870 832 20.6 6.5 2.0 0.2 71.3 98.5 9.4
Minimal risk 3.04 269 208 457 60.2 38.2 6.6 0.0 77.3 92.2 9.1
Low risk 1.76 2,344 1,635 589 19.3 4.0 1.4 0.3 38.3 95.1 14.6
Moderate risk 2.53 7,678 1,979 1,206 26.1 5.0 1.7 0.1 59.5 98.8 13.7
Other 3.13 1,998 1,246 985 31.9 10.9 3.3 0.5 89.6 99.5 12.1
 Months 
6.  More than 365 days 4.17 1,823 247 51 84.9 30.1 8.1 3.3 55.3 78.3 7.9
Minimal risk 3.06 39 169 42 85.3 7.0 0.0 0.0 55.7 88.1 5.6
Low risk 3.46 202 321 51 72.2 12.6 12.2 4.1 56.0 79.2 11.0
Moderate risk 4.13 623 176 53 83.4 15.3 6.9 2.1 45.4 72.5 8.1
Other 4.55 544 245 49 89.8 6.8 10.1 2.7 47.1 72.5 8.2
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 3.91 3,109 3.3 95 91.5 9.4 62.6 2.4 33.0 72.4 9.3
8.  100 - 999 3.56 11,419 3.2 101 84.1 17.3 56.4 1.8 33.7 83.8 11.8
9.  1,000 - 9,999 2.80 17,217 3.1 87 53.2 19.3 29.2 0.5 57.9 94.4 15.8
10.  10,000+ 2.15 26,561 3.0 31 18.4 11.2 5.5 0.1 73.9 97.4 11.5
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.09 14,874 3.3 19 77.7 7.7 196 1.6 46.8 79.4 12.1
12.  Other 2.24 43,432 3.0 80 34.4 17.1 831 0.3 63.3 97.0 13.0

3. Commercial and industrial loans made by large domestic banks 1
Maturity/repricing
interval 2 and
risk 3 of loans
Weighted-
average
effective
loan rate 4
(percent)
Total value
of loans
($ millions)
Average
loan size
($ thousands)
Weighted-
average
maturity 5
Percent of value of loans Commitment status
Secured
by
collateral
Subject to
prepayment
penalty
Prime
based
SBA
backed 6
Made under
participation
or syndication 7
Percent
made under
commitment
Average
months
since loan
terms set 8
 Days 
1.  All C&I loans 2.60 54,503 558 872 42.4 15.2 23.1 0.5 61.0 93.3 13.3
Minimal risk 2.01 498 496 485 69.2 35.3 28.9 0.0 33.1 82.3 11.7
Low risk 2.00 7,667 695 782 41.1 6.2 16.5 0.1 46.8 90.4 18.0
Moderate risk 2.56 28,522 578 1,017 38.6 14.0 21.3 0.6 62.2 93.4 15.1
Other 3.46 10,965 368 837 64.3 19.8 37.3 1.0 55.9 91.9 13.2
 
2.  Zero interval 3.20 18,098 375 859 64.5 28.8 53.0 0.8 41.4 95.0 13.4
Minimal risk 1.96 283 510 402 89.3 17.5 45.1 0.0 9.2 71.9 15.3
Low risk 2.57 1,798 447 935 65.2 10.0 46.5 0.1 45.4 91.0 18.7
Moderate risk 3.01 9,705 408 888 56.0 31.7 48.4 1.0 44.7 96.5 13.6
Other 3.67 5,825 357 819 75.0 27.5 59.7 0.8 38.4 94.8 11.8
 
3.  Daily 1.90 5,612 2,202 870 19.3 3.5 2.5 1.5 72.2 97.9 20.7
Minimal risk 2.11 31 179 239 99.8 0.7 32.8 0.0 0.0 100.0 6.1
Low risk 1.50 1,139 952 323 22.5 9.7 4.6 0.0 23.2 96.4 31.5
Moderate risk 1.85 4,097 4,393 1,007 15.3 1.2 1.4 1.2 85.3 98.2 18.2
Other 3.76 331 1,568 737 46.2 11.4 6.1 11.4 83.7 98.7 17.5
 
4.  2 to 30 days 2.58 12,564 309 872 51.1 10.3 20.9 0.2 68.3 81.3 15.5
Minimal risk 1.65 41 1,080 309 62.3 51.1 0.0 0.0 56.3 94.9 5.2
Low risk 2.06 2,345 485 1,054 54.2 2.8 15.6 0.0 65.2 81.8 13.3
Moderate risk 2.43 6,956 320 910 41.9 6.0 18.2 0.1 75.1 80.5 16.8
Other 3.16 2,665 225 693 66.8 11.6 21.2 0.5 64.5 79.1 16.8
 
5.  31 to 365 days 2.13 17,113 4,425 848 17.9 6.7 0.9 0.1 72.0 99.0 9.6
Minimal risk 2.23 135 592 692 24.1 76.0 4.4 0.0 82.1 95.2 8.7
Low risk 1.66 2,230 2,942 599 15.6 4.2 0.1 0.0 39.2 95.7 15.1
Moderate risk 2.45 7,465 4,391 1,229 24.5 5.1 0.6 0.1 60.2 99.5 14.0
Other 3.08 1,872 2,340 999 27.8 11.3 0.6 0.3 91.1 99.9 12.6
 Months 
6.  More than 365 days 3.74 1,095 558 47 76.7 42.5 2.9 2.5 72.8 88.7 11.1
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 3.08 154 693 47 66.3 15.7 4.9 5.3 69.7 91.7 11.8
Moderate risk 3.31 283 347 54 65.0 21.7 1.7 3.3 64.8 74.8 16.0
Other 4.22 266 496 40 83.4 4.1 5.7 2.7 71.2 92.4 12.8
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 3.62 2,350 3.3 26 92.8 10.8 61.6 2.6 35.0 69.0 10.5
8.  100 - 999 3.35 9,475 3.2 53 83.4 19.3 54.3 1.4 34.6 83.9 13.4
9.  1,000 - 9,999 2.74 16,118 3.1 66 50.4 20.1 28.1 0.5 59.1 95.6 16.4
10.  10,000+ 2.15 26,561 3.0 31 18.4 11.2 5.5 0.1 73.9 97.4 11.5
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.03 12,574 3.3 6 76.1 8.0 226 1.4 50.7 78.8 13.4
12.  Other 2.17 41,930 3.0 56 32.3 17.4 998 0.3 64.1 97.6 13.2

4. Commercial and industrial loans made by small domestic banks 1
Maturity/repricing
interval 2 and
risk 3 of loans
Weighted-
average
effective
loan rate 4
(percent)
Total value
of loans
($ millions)
Average
loan size
($ thousands)
Weighted-
average
maturity 5
Percent of value of loans Commitment status
Secured
by
collateral
Subject to
prepayment
penalty
Prime
based
SBA
backed 6
Made under
participation
or syndication 7
Percent
made under
commitment
Average
months
since loan
terms set 8
 Days 
1.  All C&I loans 4.40 3,803 124 743 89.5 6.9 60.5 2.1 31.8 81.3 4.6
Minimal risk 3.88 215 137 461 97.3 0.2 27.1 0.0 55.1 89.7 8.6
Low risk 4.13 309 124 632 87.4 2.2 56.4 3.8 13.4 83.6 5.3
Moderate risk 4.50 1,649 124 747 89.5 6.6 61.1 0.9 27.3 83.8 3.0
Other 4.25 1,456 128 813 87.6 8.6 69.2 2.2 31.0 75.3 6.3
 
2.  Zero interval 4.21 1,725 130 563 84.9 6.6 86.3 1.6 30.8 82.9 5.9
Minimal risk 4.16 40 397 552 98.4 0.0 92.8 0.0 0.0 92.8 13.6
Low risk 4.48 88 143 196 80.2 0.2 98.9 4.0 9.3 98.5 5.8
Moderate risk 4.24 729 145 624 85.6 5.5 85.5 0.8 27.4 87.4 3.9
Other 4.11 806 114 572 82.9 9.2 90.6 2.2 33.6 75.5 8.1
 
3.  Daily 4.53 340 104 368 92.0 4.5 92.7 0.1 21.4 99.9 4.9
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 4.25 20 41 380 99.8 11.3 99.4 0.0 19.6 100.0 9.4
Moderate risk 4.51 175 115 268 94.0 1.3 92.1 0.0 25.4 100.0 2.6
Other 4.59 135 124 468 87.8 7.9 92.0 0.2 14.7 99.7 7.7
 
4.  2 to 30 days 3.97 331 122 415 93.2 10.4 51.7 1.0 11.9 84.9 2.7
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 3.52 31 176 656 98.2 10.1 38.0 0.0 2.2 100.0 0.5
Moderate risk 4.21 188 109 382 91.4 12.9 52.2 0.9 14.4 86.6 2.5
Other 3.72 110 148 404 94.7 6.4 54.1 1.4 8.6 77.5 3.9
 
5.  31 to 365 days 4.64 667 118 397 90.9 2.3 29.8 2.3 53.3 85.9 4.3
Minimal risk 3.87 134 126 216 96.7 0.0 8.8 0.0 72.5 89.1 9.5
Low risk 3.83 114 168 343 92.4 0.0 26.6 7.2 20.2 82.5 3.3
Moderate risk 5.16 213 98 344 82.3 3.8 38.6 1.1 37.5 76.7 2.6
Other 3.95 127 158 777 92.5 5.9 42.9 3.6 66.2 93.3 4.7
 Months 
6.  More than 365 days 4.81 728 134 56 97.2 11.3 15.9 4.5 29.0 62.7 0.9
Minimal risk 3.49 31 141 46 98.0 1.2 0.0 0.0 53.2 85.2 0.1
Low risk 4.66 48 118 66 91.3 2.3 35.7 0.2 11.7 38.7 4.8
Moderate risk 4.81 340 124 53 98.8 9.9 11.2 1.2 29.3 70.6 1.0
Other 4.87 278 165 58 95.8 9.3 14.2 2.7 24.0 53.5 0.5
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 4.81 759 3.2 310 87.5 5.2 65.7 1.5 26.7 82.8 6.2
8.  100 - 999 4.60 1,944 3.2 336 87.3 7.7 67.0 3.5 29.6 83.3 4.0
9.  1,000 - 9,999 3.77 1,100 3.3 393 94.6 6.6 45.3 0.0 39.4 76.7 4.6
10.  10,000+ ... ... ... ... ... ... ... ... ... ... ...
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.43 2,300 3.4 89 86.3 6.2 113 2.3 25.3 82.9 5.6
12.  Other 4.36 1,503 3.0 742 94.4 7.9 146 1.7 41.9 78.9 3.0

5. Commercial and industrial loans made by U.S. branches and agencies of foreign banks 1
Maturity/repricing
interval 2 and
risk 3 of loans
Weighted-
average
effective
loan rate 4
(percent)
Total value
of loans
($ millions)
Average
loan size
($ thousands)
Weighted-
average
maturity 5
Percent of value of loans Commitment status
Secured
by
collateral
Subject to
prepayment
penalty
Prime
based
SBA
backed 6
Made under
participation
or syndication 7
Percent
made under
commitment
Average
months
since loan
terms set 8
 Days 
1.  All C&I loans 1.15 32,818 10,974 215 38.6 66.3 1.8 0.1 20.1 50.1 7.0
Minimal risk 0.86 3,290 18,347 143 6.9 87.7 0.0 0.0 9.5 16.1 4.7
Low risk 0.69 8,935 22,054 180 47.5 72.1 0.4 0.5 12.2 73.2 2.6
Moderate risk 1.38 6,325 6,648 384 32.0 71.9 3.4 0.0 43.4 75.6 10.9
Other 1.39 14,012 10,084 156 43.7 55.0 2.2 0.0 15.6 30.8 9.1
 
2.  Zero interval 4.51 547 996 1,147 66.2 2.8 66.0 0.0 96.9 100.0 22.3
Minimal risk 3.44 100 2,013 1,450 90.5 0.0 0.1 0.0 93.3 100.0 24.6
Low risk 3.78 18 513 1,335 41.1 0.0 71.6 0.0 97.9 100.0 15.0
Moderate risk 4.18 168 970 1,147 32.2 9.2 97.9 0.0 100.0 100.0 20.5
Other 5.17 259 898 1,010 81.2 0.0 70.8 0.0 96.2 100.0 23.3
 
3.  Daily 0.68 18,105 29,682 34 39.9 68.9 0.0 0.0 1.6 26.5 2.9
Minimal risk 0.73 2,830 33,377 22 2.5 96.0 0.0 0.0 2.7 3.1 0.0
Low risk 0.55 5,236 59,648 1 55.5 59.4 0.0 0.0 0.0 59.4 1.9
Moderate risk 0.93 1,287 10,331 147 18.6 91.0 0.0 0.0 6.4 55.1 6.9
Other 0.70 8,753 27,975 41 45.7 62.7 0.0 0.0 1.6 10.2 3.5
 
4.  2 to 30 days 0.99 8,862 10,156 304 30.4 75.5 0.0 0.0 27.0 74.5 6.9
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 0.71 3,116 21,295 354 35.7 94.5 0.0 0.0 26.6 94.6 3.3
Moderate risk 1.08 2,997 10,295 313 23.7 78.2 0.0 0.0 32.4 70.0 11.2
Other 1.26 2,441 5,991 208 33.6 51.1 0.0 0.0 20.1 51.9 9.6
 
5.  31 to 365 days 2.65 4,959 6,020 531 46.3 44.9 1.0 0.9 64.4 83.3 9.4
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 1.65 548 4,868 815 39.0 68.1 0.5 8.2 44.9 81.7 1.7
Moderate risk 1.89 1,829 5,417 571 53.8 53.1 0.6 0.0 83.2 96.4 11.3
Other 3.46 2,442 7,218 381 44.5 35.3 0.0 0.0 53.2 72.9 9.9
 Months 
6.  More than 365 days 3.11 343 2,583 47 24.4 99.8 50.6 0.0 48.0 100.0 15.2
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk ... ... ... ... ... ... ... ... ... ... ...
Moderate risk 3.64 44 1,783 49 80.7 100.0 89.8 0.0 0.0 100.0 8.7
Other 4.14 118 2,749 36 1.8 99.4 99.4 0.0 0.6 100.0 1.9
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 3.73 10 3.1 113 29.7 20.2 49.0 0.0 47.5 83.5 10.8
8.  100 - 999 3.11 416 3.3 115 44.8 43.1 29.3 0.0 68.0 82.2 15.1
9.  1,000 - 9,999 2.02 4,677 3.3 78 32.0 59.0 7.4 0.0 49.8 77.8 11.3
10.  10,000+ 0.97 27,715 2.9 16 39.6 67.9 0.4 0.2 14.3 44.9 5.6
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.41 590 3.6 361 39.8 34.6 1,110 0.0 68.7 98.5 16.5
12.  Other 1.09 32,229 3.0 20 38.6 66.9 13,104 0.1 19.2 49.2 6.7

6. Commercial and industrial loans by date pricing terms were set and commitment status
Time pricing terms
were set and loan
commitment status
Weighted-
average
effective
loan rate 4
(percent)
Total value
of loans
($ millions)
Average
loan size
($ thousands)
Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
Percent of value of loans
Secured
by
collateral
Subject to
prepayment
penalty
Prime
based
SBA
backed 6
Made under
participation
or syndication 7
All commercial banks
1.  During survey week 1.59 37,632 901 3.0 61 39.9 49.7 12.0 0.4 25.4
Not under commitment 1.31 20,758 703 3.1 40 53.3 44.5 14.8 0.2 14.1
Informal commitment 1.24 5,610 1,043 2.4 37 19.2 86.4 7.3 0.5 6.0
Formal commitment 2.29 11,265 1,642 3.1 110 25.5 41.2 9.2 0.8 56.0
2.  Before survey week 11  
Up to 90 days 2.62 12,750 495 3.2 55 31.1 28.2 19.1 0.6 62.8
91 to 365 days 2.42 16,020 419 3.0 34 60.8 29.9 24.8 0.6 39.6
More than 365 days 2.58 24,705 973 3.1 44 42.3 13.0 18.3 0.3 69.3
 
Domestic banks
3.  During survey week 3.12 13,223 327 3.1 150 51.3 17.4 33.2 0.8 62.7
Not under commitment 3.75 4,367 152 3.1 168 77.2 6.9 70.0 0.9 66.8
Informal commitment 3.69 989 193 3.0 177 81.9 28.5 40.9 2.9 34.1
Formal commitment 2.70 7,867 1,209 3.1 137 33.0 21.9 11.8 0.5 64.1
4.  Before survey week 11  
Up to 90 days 2.57 10,044 397 3.2 57 36.7 15.0 23.7 0.8 62.7
91 to 365 days 2.70 13,243 349 3.1 36 56.0 20.7 29.5 0.7 41.3
More than 365 days 2.54 21,780 889 3.1 32 39.5 9.2 19.2 0.4 66.0
 
Large domestic banks
5.  During survey week 2.85 11,286 410 3.1 76 44.3 19.3 30.4 0.6 67.3
Not under commitment 3.56 3,656 156 3.0 77 74.7 7.0 72.9 0.8 71.4
Informal commitment 2.48 449 291 3.1 31 69.8 55.3 18.9 0.2 18.9
Formal commitment 2.51 7,180 2,749 3.1 78 27.3 23.3 9.5 0.6 68.3
6.  Before survey week 11  
Up to 90 days 2.44 9,308 508 3.2 49 32.4 15.6 20.0 0.7 65.9
91 to 365 days 2.60 12,416 414 3.1 35 53.9 21.5 26.9 0.7 42.4
More than 365 days 2.53 21,494 983 3.1 32 39.0 9.3 18.4 0.3 66.3
 
Small domestic banks
7.  During survey week 4.67 1,938 151 3.2 587 91.7 6.4 49.8 2.2 36.1
Not under commitment 4.74 711 132 3.4 636 89.9 6.2 55.3 1.5 43.4
Informal commitment 4.69 540 151 2.8 300 91.9 6.1 59.3 5.1 46.8
Formal commitment 4.60 687 176 3.1 761 93.2 6.7 36.7 0.5 20.3
8.  Before survey week 11  
Up to 90 days 4.19 736 105 3.3 163 90.5 7.4 71.6 1.7 21.7
91 to 365 days 4.12 827 104 3.4 56 88.7 9.1 68.7 0.8 24.4
More than 365 days 3.87 286 108 3.2 47 77.0 3.0 81.2 3.0 47.6
 
Foreign banks
9.  During survey week 0.77 24,409 17,875 3.0 12 33.7 67.3 0.5 0.2 5.2
Not under commitment 0.66 16,391 21,695 3.1 6 46.9 54.5 0.1 0.0 0.0
Informal commitment 0.72 4,620 17,696 2.3 8 5.7 98.8 0.1 0.0 0.0
Formal commitment 1.36 3,398 9,739 3.2 47 8.1 85.9 3.1 1.3 37.4
10.  Before survey week 11  
Up to 90 days 2.82 2,707 6,135 3.1 45 10.3 77.4 1.9 0.0 63.1
91 to 365 days 1.08 2,777 9,950 2.5 21 83.3 73.6 2.5 0.0 31.7
More than 365 days 2.86 2,926 3,234 3.4 129 63.0 41.1 12.1 0.0 93.2

7. Commercial and industrial loans backed by the SBA 6
Backed by SBA Weighted-
average
effective
loan rate 4
(percent)
Total value
of loans
($ millions)
Average
loan size
($ thousands)
Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
Percent of value of loans
Secured
by
collateral
Subject to
prepayment
penalty
Prime
based
Made under
participation
or syndication 7
1.  All banks 4.43 421 143 3.2 265 80.0 66.5 55.1 29.8
2.  Domestic banks 4.60 376 128 3.4 286 77.6 74.5 61.7 21.4
3.  Large domestic banks 4.51 297 127 3.3 153 79.4 82.5 60.3 11.0
4.  Small domestic banks 4.95 79 131 3.4 784 70.9 44.3 66.8 60.5
5.  Foreign banks ... ... ... ... ... ... ... ... ...

8. Commercial and industrial loans made under participation or syndication 7
Loans made under participation Weighted-
average
effective
loan rate 4
(percent)
Total value
of loans
($ millions)
Average
loan size
($ thousands)
Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
Percent of value of loans
Secured
by
collateral
Subject to
prepayment
penalty
Prime
based
SBA
backed 6
1.  All banks 2.63 41,043 967 3.1 61 34.3 15.9 17.9 0.3
2.  Domestic banks 2.57 34,456 843 3.1 60 32.8 10.0 20.2 0.2
3.  Large domestic banks 2.50 33,246 1,020 3.1 49 30.7 10.2 19.2 0.1
4.  Small domestic banks 4.44 1,211 146 3.2 348 89.7 4.7 48.0 3.9
5.  Foreign banks 2.96 6,587 4,248 3.1 67 42.2 46.8 6.1 0.7

Summary statistics All
commercial
banks
Domestic
banks
Large
domestic
banks
Small
domestic
banks
Foreign
banks
1.  Average reported prime rate 3.40 3.40 3.38 3.53 3.21
2.  Standard error of loan rate .18 .19 .18 .09 .25

The Survey of Terms of Business Lending collects data on gross loan extensions made during the first full business week in the middle month of each quarter. The authorized panel size for the survey is 348 domestically chartered commercial banks and 50 U.S. branches and agencies of foreign banks. The sample data are used to estimate the terms of loans extended during that week at all domestic commercial banks and all U.S. branches and agencies of foreign banks. The terms on loans extended during the survey week may differ from those extended during other weeks of the quarter. The estimates reported here are not intended to measure the average terms on all business loans in bank portfolios.

Footnotes

1. As of June 30, 2013 , assets of the large banks were at least $4.3 billion. Median total assets for all insured banks were roughly $159 million. Assets at all U.S. branches and agencies averaged 10.2 billion.

2. The "maturity/repricing" interval measures the period from the date the loan is made until it first may be repriced or matures. For floating-rate loans that are subject to repricing at any time--such as many prime-based loans--the maturity/repricing interval is zero. For floating-rate loans that have a scheduled repricing interval, the maturity/repricing interval measures the number of days between the date the loan is made and the date on which it is next scheduled to reprice. For loans having rates that remain fixed until the loan matures (fixed-rate loans), the maturity/repricing interval measures the number of days between the date the loan is made and the date on which it matures. Loans that reprice daily mature or reprice on the business day after they are made. Because of weekends and holidays, such loans may have maturity/repricing intervals in of more thanone day; nevertheless, such loans are not included in the 2 to 30 day category.

3. A complete description of these risk categories is available in the survey instructions, available at http://www.federalreserve.gov/apps/reportforms/reportdetail.aspx?sOoYJ+5BzDaSCesXTb1UmHCoyU8rIHWr. The category "Moderate risk" includes the average loan, under average economic conditions, at the typical lender. The "Other" category includes loans rated "Acceptable" as well as special mention or classified loans. The weighted-average risk ratings published for loans in rows 31-39 are calculated by assigning a value of 1 to minimal risk loans, 2 to low risk loans, 3 to moderate risk loans, 4 to acceptable risk loans, and 5 to special mention and classified loans. These values are weighted by loan amount and exclude loans with no risk rating. Some of the loans in table rows 1, 6, 11, 16, 21, 26, and 31-36 are not rated for risk.

4. Effective (compounded) annual interest rates are calculated from the stated rate and other terms of the loans and weighted by loan amount. For the standard error of the loan rate for all C&I loans in the current survey (tables 1-5, line 1, column 1), see the summary statistics table. The chances are about two out of three that the average rate shown will differ by less than this amount from the average rate that would be found by a complete survey of the universe of all banks.

5. Average maturities are weighted by loan amount and exclude loans with no stated maturities.

6. Loans guaranteed, either in part or in whole, by the Small Business Association (SBA). http://www.sba.gov/category/navigation-structure/loans-grants/small-business-loans/sbas-role

7. The terms "syndication" and "participation" encompasses a variety of arrangements among institutions to make loans. When each participating lender agrees in advance to fund and be at risk only up to a specified percentage of the total credit and the contract is executed by all participants and the borrower, the arrangement is often referred to as a syndication. When a lead lender originates the transaction and is the only party to the contract with the borrower and sells shares as prearranged with others, the arrangement is referred to as a participation. All loans made under either arrangements, whether or not the lender is the originator, are included.

8. For loans made under formal commitments, the average time interval between the date on which the loan pricing was set and the date on which the loan was made, weighted by the loan amount. For loans under informal commitment, the time interval is zero.

9. Prime-based loans are based on the lending bank's own prime rate, any other lender's prime rate, a combintation of prime rates, or a publicly reported prime rate. Loans with "other" base rates include loan rates expressed in terms of any other base rate (e.g., the federal funds rate or LIBOR) and loans for which no base rate is used to determine the loan rate.

10. See the summary statistics tables for the average reported prime rate weighted by the dollar value of loans priced relative to a prime base rate.

11. For loans made under formal commitments.

... The number of loans was insufficient to provide a meaningful value.
Last update: September 25, 2013