Federal Reserve Statistical Release, E.2, Survey of Terms of Business Lending; title with eagle logo links to Statistical Release home page

Release Date: June 25, 2003
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Changes to the E.2 Statistical Release

Effective with this issue, the content of the E.2 statistical release has been changed to reflect the addition of a new item and the elimination of some previously reported items.

Loans reported on the E.2 that were made under formal commitments include those whose lending spreads and other pricing terms were set during the survey week and those whose terms were set prior to the survey week. Because economic conditions may change between the dates lending terms are negotiated and set and the time borrowers actually draw down formally committed funds, the pricing and other terms reported for loans made under formal commitments during the E.2 survey weeks may reflect a mixture of lending conditions.

Surveyed banks now report the date on which pricing and other terms of loans made under formal commitments became effective. Table 6 has been added to the E.2 to present pricing and other summary statistics separately for loans having terms set during survey the week and loans having pricing terms set prior to the survey week. The total dollar volume of loans reported on table 6 is below that found on table 1 because some respondent banks were not able to provide the new dating information in time for publication.

The following information no longer appears on the E.2: 


FEDERAL RESERVE STATISTICAL RELEASE




E.2                                                                                For immediate release
SURVEY OF TERMS OF BUSINESS LENDING, MAY 5-9, 2003                                         June 25, 2003
TABLE 1
Commercial and Industrial loans made by all commercial banks1
Risk2 and
maturity/repricing interval3
of loans		 Weighted-
Average
Effective
Loan Rate4
(percent)		 Amount of
Loans
($ millions)		 Average
Loan Size
($ thousands)		 Weighted-
Average
Maturity5		 Percent of Amount of Loans Commitment Status
Secured
by
Collateral		 Subject to
Prepayment
Penalty		 Prime Based Percent
Made Under
Commitment		 Average
Months
Since Loan
Terms Set6
  Days  
 1. All C&I loans 3.32   61,826   450   461   38.0   23.9   31.5   73.1   13.5  
 2.   Mininal risk 2.45   1,663   369   307   22.8   9.8   20.9   73.2   14.8  
 3.   Low risk 2.38   11,212   1,040   434   13.0   29.5   15.9   71.4   6.9  
 4.   Moderate risk 3.46   21,049   467   643   45.0   19.8   35.2   84.5   11.1  
 5.   Other 3.77   20,014   424   329   47.3   22.5   36.2   72.0   17.5  
 
 6. Zero interval 4.21   14,626   297   608   45.0   7.2   70.4   81.7   19.6  
 7.   Mininal risk 3.92   283   210   828   36.1   3.9   69.8   96.9   13.4  
 8.   Low risk 2.67   3,600   1,218   407   9.3   3.0   37.1   51.4   9.6  
 9.   Moderate risk 4.32   5,591   308   804   56.1   4.5   86.0   95.4   11.6  
10.   Other 5.25   4,814   224   541   59.4   14.0   77.8   90.4   33.3  
 
11. Daily 2.79   24,176   616   228   31.0   26.6   25.3   66.7   7.7  
12.   Mininal risk 1.81   540   2,251   16   1.9   --   3.1   85.1   11.1  
13.   Low risk 2.00   3,775   2,500   243   7.8   66.1   6.0   77.3   1.4  
14.   Moderate risk 2.74   7,028   687   359   35.6   11.6   21.3   74.0   6.8  
15.   Other 2.96   8,503   692   103   36.8   17.1   28.3   60.1   5.7  
 
16. 2 to 30 days 2.77   9,448   661   194   34.5   32.3   8.1   64.8   17.0  
17.   Mininal risk 1.87   401   1,235   196   18.2   17.6   3.3   43.2   32.4  
18.   Low risk 2.03   1,343   760   127   27.2   15.9   6.5   62.6   15.3  
19.   Moderate risk 2.68   2,664   775   216   37.2   30.5   8.1   78.8   18.0  
20.   Other 3.30   3,775   600   216   41.1   44.5   9.4   68.2   13.7  
 
21. 31 to 365 days 3.16   9,022   516   540   40.2   31.1   11.6   82.7   16.3  
22.   Mininal risk 2.41   380   245   564   37.5   21.4   28.3   72.9   10.1  
23.   Low risk 2.36   2,211   818   839   9.8   22.0   3.8   97.3   15.5  
24.   Moderate risk 3.48   3,145   434   479   59.4   33.8   11.3   90.5   16.3  
25.   Other 3.75   1,956   581   476   60.0   27.5   18.8   87.4   18.6  
  Months  
26. Over 365 days 4.80   4,245   279   56   53.2   32.6   27.0   77.0   7.2  
27.   Mininal risk 5.62   58   56   30   86.4   --   20.8   53.9   16.1  
28.   Low risk 5.52   227   126   57   83.5   1.5   19.8   84.2   8.1  
29.   Moderate risk 4.32   2,506   463   56   35.6   48.2   20.5   88.9   5.6  
30.   Other 5.45   868   301   58   75.3   18.0   36.7   68.3   10.5  
Loan Size   Weighted-
Average Risk
Rating2		 Weighted-
Average
Maturity/
Repricing
Interval3		  
  Days  
    Size ($ thousands)  
31.   1 - 99 5.28   2,478   3.4   244   85.9   1.8   73.9   83.3   16.3  
32.   100 - 999 4.54   8,699   3.4   187   74.0   7.2   67.2   88.4   19.5  
33.   1,000 - 9,999 3.50   19,231   3.4   127   37.8   26.8   30.5   74.8   19.3  
34.   10,000+ 2.73   31,417   3.1   107   24.4   28.4   18.9   67.0   7.5  
    Base rate7   Average Size
($ thousands)		  
35.   Prime8 4.79   19,480   3.5   106   60.4   3.8   204   87.7   18.1  
36.   Other 2.65   42,346   3.1   140   27.7   33.1   1,015   66.4   11.3   
E.2                                                                                For immediate release
SURVEY OF TERMS OF BUSINESS LENDING, MAY 5-9, 2003                                         June 25, 2003
TABLE 2
Commercial and Industrial loans made by domestic banks1
Risk2 and
maturity/repricing interval3
of loans		 Weighted-
Average
Effective
Loan Rate4
(percent)		 Amount of
Loans
($ millions)		 Average
Loan Size
($ thousands)		 Weighted-
Average
Maturity5		 Percent of Amount of Loans Commitment Status
Secured
by
Collateral		 Subject to
Prepayment
Penalty		 Prime Based Percent
Made Under
Commitment		 Average
Months
Since Loan
Terms Set6
  Days  
 1. All C&I loans 3.62   39,618   299   601   51.1   13.5   40.8   78.7   14.0  
 2.   Mininal risk 2.72   798   185   406   45.9   0.1   30.5   51.7   38.6  
 3.   Low risk 2.24   6,888   671   314   20.2   28.9   11.6   64.4   6.1  
 4.   Moderate risk 3.64   17,289   394   742   51.5   16.0   40.5   84.1   11.4  
 5.   Other 4.59   9,500   214   606   73.1   5.7   58.1   87.2   19.2  
 
 6. Zero interval 4.06   11,507   240   577   55.5   1.1   70.3   76.7   13.3  
 7.   Mininal risk 3.43   174   133   324   58.7   0.5   56.7   95.0   10.0  
 8.   Low risk 2.04   2,523   872   109   13.3   --   14.7   30.6   4.4  
 9.   Moderate risk 4.38   5,193   290   827   58.8   1.4   88.4   95.0   10.4  
10.   Other 5.09   3,278   158   597   83.8   1.6   86.4   86.0   22.9  
 
11. Daily 3.22   12,740   335   441   44.4   18.1   41.8   79.8   12.8  
12.   Mininal risk 1.67   131   819   66   7.9   --   12.9   38.6   155.7  
13.   Low risk 2.12   2,283   1,690   392   12.8   71.4   10.0   90.8   1.5  
14.   Moderate risk 2.98   5,323   532   460   44.8   12.1   27.5   67.9   10.0  
15.   Other 4.28   2,325   199   421   60.8   0.5   71.4   86.0   13.9  
 
16. 2 to 30 days 2.95   5,827   447   247   44.3   9.6   10.6   73.7   21.2  
17.   Mininal risk 1.88   255   851   275   24.5   --   5.2   34.4   69.6  
18.   Low risk 2.07   1,046   619   116   34.9   5.1   8.3   61.2   18.7  
19.   Moderate risk 2.71   1,889   620   271   43.6   15.7   4.8   82.6   20.3  
20.   Other 4.19   1,686   297   338   62.7   12.5   19.6   95.2   17.0  
 
21. 31 to 365 days 3.39   5,117   317   506   61.7   19.0   17.0   86.6   17.0  
22.   Mininal risk 3.06   179   119   1,025   78.2   --   57.2   42.5   21.1  
23.   Low risk 2.45   805   322   576   25.8   37.3   8.0   94.1   15.4  
24.   Moderate risk 3.48   2,299   334   528   72.2   22.9   13.8   92.0   14.4  
25.   Other 3.83   1,282   471   493   76.1   11.2   24.2   93.6   23.9  
  Months  
26. Over 365 days 4.83   4,172   275   55   54.1   32.3   27.5   78.3   7.2  
27.   Mininal risk 5.62   58   56   30   86.4   --   20.8   53.9   16.1  
28.   Low risk 5.52   227   126   57   83.5   1.5   19.8   84.2   8.1  
29.   Moderate risk 4.33   2,470   456   56   36.1   48.9   20.8   90.2   5.6  
30.   Other 5.54   832   289   58   78.6   14.4   38.3   71.3   10.5  
Loan Size   Weighted-
Average Risk
Rating2		 Weighted-
Average
Maturity/
Repricing
Interval3		  
  Days  
    Size ($ thousands)  
31.   1 - 99 5.30   2,454   3.4   246   86.5   1.6   74.2   83.3   16.3  
32.   100 - 999 4.62   8,012   3.4   201   78.0   3.0   70.3   88.6   18.9  
33.   1,000 - 9,999 3.61   12,148   3.3   188   54.0   12.1   37.5   80.7   19.0  
34.   10,000+ 2.92   17,004   2.8   186   31.3   21.1   24.5   72.0   7.8  
    Base rate7   Average Size
($ thousands)		  
35.   Prime8 4.68   16,179   3.4   127   69.5   1.4   172   89.9   14.9  
36.   Other 2.89   23,439   2.9   238   38.4   21.8   615   71.0   13.4   
E.2                                                                                For immediate release
SURVEY OF TERMS OF BUSINESS LENDING, MAY 5-9, 2003                                         June 25, 2003
TABLE 3
Commercial and Industrial loans made by large domestic banks1
Risk2 and
maturity/repricing interval3
of loans		 Weighted-
Average
Effective
Loan Rate4
(percent)		 Amount of
Loans
($ millions)		 Average
Loan Size
($ thousands)		 Weighted-
Average
Maturity5		 Percent of Amount of Loans Commitment Status
Secured
by
Collateral		 Subject to
Prepayment
Penalty		 Prime Based Percent
Made Under
Commitment		 Average
Months
Since Loan
Terms Set6
  Days  
 1. All C&I loans 3.37   34,007   497   576   46.3   15.1   37.8   80.9   15.3  
 2.   Mininal risk 1.94   578   1,077   373   35.2   0.2   29.0   41.4   62.1  
 3.   Low risk 1.94   6,287   2,681   259   13.4   31.4   6.6   64.0   6.2  
 4.   Moderate risk 3.39   15,341   770   725   46.9   17.5   37.3   84.3   11.9  
 5.   Other 4.48   7,893   282   571   68.5   5.7   55.0   90.7   22.7  
 
 6. Zero interval 3.89   9,112   435   595   48.2   0.9   66.8   78.4   14.8  
 7.   Mininal risk 2.92   82   329   224   70.0   1.1   73.2   95.5   17.3  
 8.   Low risk 1.73   2,261   6,546   73   4.6   --   5.7   27.2   3.4  
 9.   Moderate risk 4.27   4,367   546   882   53.3   1.4   87.0   96.3   10.8  
10.   Other 5.27   2,376   217   597   79.4   1.1   87.6   93.3   27.6  
 
11. Daily 3.16   11,994   366   444   42.9   19.1   40.8   80.8   13.0  
12.   Mininal risk 1.65   129   1,114   66   6.9   --   12.3   38.0   155.7  
13.   Low risk 2.05   2,215   2,935   395   10.2   73.6   7.3   92.4   1.4  
14.   Moderate risk 2.87   5,050   633   458   42.3   12.7   25.9   66.4   10.1  
15.   Other 4.24   2,221   218   412   59.4   0.5   70.2   86.2   14.7  
 
16. 2 to 30 days 2.81   5,205   681   241   41.9   10.5   5.8   75.4   23.6  
17.   Mininal risk 1.54   228   3,506   246   15.7   --   0.7   26.8   87.8  
18.   Low risk 2.00   1,014   1,314   85   33.5   5.3   7.6   60.0   20.0  
19.   Moderate risk 2.56   1,796   1,247   248   41.2   16.1   2.9   82.7   20.6  
20.   Other 4.04   1,458   362   352   57.2   14.0   8.0   95.0   21.5  
 
21. 31 to 365 days 2.96   4,485   1,545   538   59.5   21.3   15.9   90.1   18.4  
22.   Mininal risk 2.24   127   2,090   2,186   75.3   --   71.1   32.5   38.4  
23.   Low risk