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

Release Date: December 22, 2004
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FEDERAL RESERVE STATISTICAL RELEASE




E.2 SURVEY OF TERMS OF BUSINESS LENDING, NOVEMBER 1-5, 2004                        For immediate release
1. Commercial and industrial loans made by all commercial banks1                       December 22, 2004
Maturity/repricing interval2
and risk3 of loans		 Weighted-
average
effective
loan rate4
(percent)		 Total value of
loans
($ millions)		 Average
loan size
($ thousands)		 Weighted-
average
maturity5		 Percent of value 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 4.08   86,133   515   661   40.0   29.5   30.1   79.6   11.2  
 2.   Mininal risk 2.98   2,552   648   447   44.6   2.4   17.2   90.4   4.2  
 3.   Low risk 3.87   15,774   776   907   25.4   24.9   19.5   90.1   10.7  
 4.   Moderate risk 3.77   30,278   541   493   42.6   43.3   32.7   82.8   9.2  
 5.   Other 4.57   31,712   577   760   42.6   16.3   34.6   75.7   14.5  
 
 6. Zero interval 5.19   23,660   289   1,295   46.7   5.9   47.9   94.7   7.0  
 7.   Mininal risk 4.05   450   243   361   59.4   .3   47.8   99.8   9.2  
 8.   Low risk 5.07   5,860   538   1,422   32.5   3.7   36.9   95.1   5.3  
 9.   Moderate risk 4.58   4,896   206   679   57.7   5.4   71.9   89.8   10.8  
10.   Other 5.64   10,354   398   1,704   40.8   .9   43.0   96.8   5.6  
 
11. Daily 3.12   23,949   1,498   139   18.9   44.9   8.1   51.5   15.3  
12.   Mininal risk 2.40   691   1,692   48   34.2   .3   12.8   72.4   2.0  
13.   Low risk 2.64   3,192   1,836   321   5.8   68.6   6.7   72.8   33.5  
14.   Moderate risk 2.96   8,437   1,095   233   27.9   38.2   13.2   69.1   11.2  
15.   Other 3.58   9,538   2,031   17   16.5   38.1   4.1   36.8   12.5  
 
16. 2 to 30 days 3.66   22,194   645   469   37.3   40.9   23.3   88.2   8.2  
17.   Mininal risk 2.62   745   1,462   517   33.2   5.6   2.2   97.5   2.2  
18.   Low risk 3.34   5,027   1,828   728   23.2   23.0   7.5   94.6   7.4  
19.   Moderate risk 3.70   10,818   979   312   34.7   61.3   26.2   88.7   7.7  
20.   Other 4.02   5,083   277   563   57.1   18.8   35.3   83.4   11.4  
 
21. 31 to 365 days 4.10   10,009   508   416   61.3   18.5   35.1   89.3   21.4  
22.   Mininal risk 2.96   525   756   610   53.2   1.8   16.7   98.1   4.4  
23.   Low risk 3.56   1,227   377   542   34.1   22.2   10.1   92.4   6.0  
24.   Moderate risk 3.92   3,169   429   578   52.9   38.0   16.4   84.9   9.7  
25.   Other 4.49   4,587   1,288   244   77.1   5.1   57.6   96.0   35.2  
  Months  
26. More than 365 days 5.09   5,928   428   47   69.1   38.9   63.6   83.0   13.5  
27.   Mininal risk 4.42   123   274   56   73.0   6.1   24.0   79.7   6.6  
28.   Low risk 5.24   256   204   50   53.3   27.8   50.3   89.1   4.4  
29.   Moderate risk 4.86   2,862   561   50   76.2   62.6   63.7   86.3   6.9  
30.   Other 5.33   2,135   973   40   59.4   12.3   79.4   84.8   24.6  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 5.47   3,103   3.3   156   88.8   6.5   66.5   86.8   7.8  
32.   100 - 999 4.97   10,902   3.2   133   74.7   9.5   70.4   87.8   10.3  
33.   1,000 - 9,999 3.90   24,913   3.2   124   45.3   21.9   34.0   85.1   14.0  
34.   10,000+ 3.87   47,215   3.3   97   25.9   39.6   16.3   74.3   10.0  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 5.02   25,900   3.4   211   66.3   18.1   234   92.5   13.3  
36.   Other 3.67   60,233   3.2   69   28.7   34.4   1,062   74.0   10.1   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, NOVEMBER 1-5, 2004                        For immediate release
2. Commercial and industrial loans made by domestic banks1                             December 22, 2004
Maturity/repricing interval2
and risk3 of loans		 Weighted-
average
effective
loan rate4
(percent)		 Total value of
loans
($ millions)		 Average
loan size
($ thousands)		 Weighted-
average
maturity5		 Percent of value 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 4.42   57,318   352   830   49.6   22.4   42.3   90.7   12.7  
 2.   Mininal risk 3.39   1,278   356   499   65.8   1.9   34.0   80.8   8.8  
 3.   Low risk 3.46   11,163   567   633   32.3   25.9   26.3   89.6   14.8  
 4.   Moderate risk 4.17   21,617   397   653   47.2   38.3   43.2   89.6   9.5  
 5.   Other 5.20   19,752   372   1,170   55.2   2.8   50.9   94.9   15.7  
 
 6. Zero interval 5.02   20,160   249   1,163   50.7   6.8   51.6   93.8   7.9  
 7.   Mininal risk 4.00   429   235   338   61.7   .4   50.2   99.8   9.2  
 8.   Low risk 4.04   3,297   304   625   57.0   6.7   65.2   91.3   9.6  
 9.   Moderate risk 4.57   4,733   201   673   56.8   5.5   71.2   89.5   10.5  
10.   Other 5.64   9,602   375   1,758   37.0   1.0   38.6   96.6   5.6  
 
11. Daily 3.64   7,169   498   475   33.6   33.4   23.7   79.8   24.1  
12.   Mininal risk 2.44   276   934   45   29.5   .8   32.1   30.8   11.5  
13.   Low risk 2.70   2,379   1,474   415   6.4   63.4   8.9   77.3   42.3  
14.   Moderate risk 3.59   3,586   498   566   41.2   24.2   25.2   81.6   16.9  
15.   Other 7.00   726   182   246   72.2   1.7   50.8   96.1   12.5  
 
16. 2 to 30 days 3.88   16,658   504   551   39.9   36.0   29.9   95.1   7.7  
17.   Mininal risk 2.91   234   573   866   87.5   2.3   7.0   92.0   5.7  
18.   Low risk 3.40   4,385   1,748   745   22.6   21.1   8.6   95.7   7.9  
19.   Moderate risk 3.98   8,136   769   377   32.1   59.8   33.6   95.9   6.2  
20.   Other 4.28   3,634   203   703   72.4   3.0   46.8   93.7   11.2  
 
21. 31 to 365 days 4.29   7,167   382   423   66.8   12.2   46.5   89.3   28.3  
22.   Mininal risk 3.35   198   338   233   91.8   3.9   42.2   95.1   11.8  
23.   Low risk 3.63   686   225   428   36.9   28.2   6.9   86.4   8.3  
24.   Moderate risk 4.09   2,265   317   641   53.5   24.0   21.2   83.4   11.8  
25.   Other 4.54   3,641   1,137   268   80.0   1.8   70.8   97.1   42.4  
  Months  
26. More than 365 days 5.09   5,814   420   47   69.5   37.7   62.9   82.6   13.8  
27.   Mininal risk 4.42   123   274   56   73.0   6.1   24.0   79.7   6.6  
28.   Low risk 5.35   204   163   48   67.1   9.2   37.5   86.3   5.8  
29.   Moderate risk 4.85   2,802   552   50   75.8   61.9   62.9   86.0   7.0  
30.   Other 5.33   2,134   975   40   59.5   12.3   79.3   84.8   24.6  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 5.47   3,083   3.3   157   89.1   6.5   66.6   86.8   7.8  
32.   100 - 999 5.02   10,262   3.2   139   77.6   8.0   72.6   88.3   10.3  
33.   1,000 - 9,999 4.25   16,897   3.2   163   59.2   14.1   45.0   91.5   16.2  
34.   10,000+ 4.18   27,076   3.1   165   28.5   34.9   26.3   91.6   11.9  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 4.99   24,247   3.4   217   67.2   18.1   222   92.0   13.7  
36.   Other 4.00   33,071   3.0   118   36.7   25.6   622   89.8   11.9   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, NOVEMBER 1-5, 2004                        For immediate release
3. Commercial and industrial loans made by large domestic banks1                       December 22, 2004
Maturity/repricing interval2
and risk3 of loans		 Weighted-
average
effective
loan rate4
(percent)		 Total value of
loans
($ millions)		 Average
loan size
($ thousands)		 Weighted-
average
maturity5		 Percent of value 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 4.23   49,417   549   852   43.1   25.7   37.1   91.9   12.3  
 2.   Mininal risk 3.08   1,095   597   435   62.5   1.6   28.2   81.4   8.6  
 3.   Low risk 3.27   10,348   909   632   28.4   27.6   23.6   90.4   15.5  
 4.   Moderate risk 4.01   19,776   691   618   43.5   41.6   40.2   91.3   9.9  
 5.   Other 5.15   15,988   455   1,330   46.1   3.0   42.0   94.6   13.7  
 
 6. Zero interval 4.94   17,640   369   1,261   45.3   7.7   48.2   94.9   8.1  
 7.   Mininal risk 3.69   350   292   364   57.1   .4   41.1   99.8   9.1  
 8.   Low risk 3.81   2,946   400   610   53.0   7.4   63.2   94.3   10.0  
 9.   Moderate risk 4.35   3,936   323   681   51.7   6.2   66.9   90.0   11.5  
10.   Other 5.64   9,035   541   1,841   33.8   .9   35.1   96.9   5.4  
 
11. Daily 3.54   6,853   705   470   31.2   34.9   20.2   79.1   25.3  
12.   Mininal risk 2.35   271   3,027   42   29.4   .8   30.9   30.7   11.5  
13.   Low risk 2.66   2,347   2,097   415   5.1   64.3   7.7   77.1   43.0  
14.   Moderate risk 3.51   3,459   659   566   39.9   25.1   22.5   81.2   17.5  
15.   Other 7.26   593   260   165   68.1   1.6   39.8   95.9   14.8  
 
16. 2 to 30 days 3.79   15,570   607   568   37.2   38.2   26.5   95.2   7.5  
17.   Mininal risk 2.77   215   746   897   86.5   2.5   1.3   94.6   5.0  
18.   Low risk 3.32   4,194   2,222   767   21.5   22.0   6.2   95.6   8.1  
19.   Moderate risk 3.96   8,027   925   377   31.3   60.6   32.9   96.0   6.3  
20.   Other 4.06   2,959   210   805   69.1   2.6   38.6   92.6   10.7  
 
21. 31 to 365 days 3.73   5,013   1,746   408   55.8   16.8   35.1   92.9   28.4  
22.   Mininal risk 3.10   179   1,390   239   92.5   4.3   39.6   98.6   11.4  
23.   Low risk 3.03   531   1,375   470   20.1   34.3   3.6   85.8   9.4  
24.   Moderate risk 3.60   1,850   2,050   552   44.8   28.2   12.5   91.0   12.7  
25.   Other 4.04   2,288   2,028   300   69.6   2.9   62.2   96.8   46.7  
  Months  
26. More than 365 days 4.75   3,993   1,597   46   56.7   53.5   59.3   86.9   11.4  
27.   Mininal risk 3.82   62   600   47   56.6   1.7   11.0   98.1   7.1  
28.   Low risk 3.95   118   573   39   43.8   4.0   38.6   92.9   7.5  
29.   Moderate risk 4.68   2,409   2,970   47   72.4   71.6   65.3   92.0   7.6  
30.   Other 5.19   1,098   1,377   44   23.5   21.5   67.1   75.7   22.4  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 4.84   1,810   3.4   36   87.8   9.4   65.3   93.7   8.7  
32.   100 - 999 4.69   7,213   3.3   72   73.1   10.3   71.8   94.7   11.9  
33.   1,000 - 9,999 4.07   14,405   3.1   134   54.4   16.2   40.5   91.6   15.4  
34.   10,000+ 4.15   25,990   3.1   161   25.5   36.4   23.5   91.3   11.0  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 4.76   18,313   3.3   203   59.5   23.5   302   94.6   12.6  
36.   Other 3.92   31,104   3.0   96   33.5   27.0   1,061   90.4   12.2   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, NOVEMBER 1-5, 2004                        For immediate release
4. Commercial and industrial loans made by small domestic banks1                       December 22, 2004
Maturity/repricing interval2
and risk3 of loans		 Weighted-
average
effective
loan rate4
(percent)		 Total value of
loans
($ millions)		 Average
loan size
($ thousands)		 Weighted-
average
maturity5		 Percent of value 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 5.61   7,901   109   696   90.0   2.0   75.1   83.2   15.2  
 2.   Mininal risk 5.27   182   104   842   85.6   3.5   68.8   77.2   9.9  
 3.   Low risk 5.91   815   98   649   82.8   3.7   60.3   79.6   4.3  
 4.   Moderate risk 5.85   1,841   71   1,024   87.3   2.7   75.3   70.7   4.0  
 5.   Other 5.44   3,764   210   511   93.9   1.9   88.6   95.8   24.1  
 
 6. Zero interval 5.58   2,520   76   493   88.3   1.1   75.7   86.1   6.6  
 7.   Mininal risk 5.43   78   126   238   82.4   .0   91.0   99.9   9.4  
 8.   Low risk 6.01   351   101   742   91.3   .0   81.4   66.1   5.8  
 9.   Moderate risk 5.67   797   70   635   82.2   2.2   92.3   86.9   5.4  
10.   Other 5.63   567   63   389   87.6   1.8   93.6   91.0   10.0  
 
11. Daily 5.84   315   67   560   84.9   .9   99.1   93.0   1.5  
12.   Mininal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
13.   Low risk 5.82   32   64   460   99.2   .0   100.0   93.4   3.3  
14.   Moderate risk 5.77   127   65   559   74.7   .0   97.9   92.6   1.4  
15.   Other 5.80   133   78   539   90.7   2.2   100.0   97.0   1.1  
 
16. 2 to 30 days 5.28   1,088   148   306   78.4   3.7   78.2   94.4   9.5  
17.   Mininal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
18.   Low risk 5.33   191   308   285   47.6   2.6   60.0   96.3   2.9  
19.   Moderate risk 5.44   108   57   418   88.2   1.9   81.5   84.7   3.5  
20.   Other 5.22   675   177   274   86.8   5.0   82.8   98.2   13.1  
 
21. 31 to 365 days 5.61   2,155   136   459   92.4   1.6   72.9   81.0   27.7  
22.   Mininal risk 5.65   20   43   196   85.2   .0   65.6   62.6   17.6  
23.   Low risk 5.68   155   58   291   94.4   7.3   18.4   88.3   4.7  
24.   Moderate risk 6.26   415   67   1,036   92.1   5.3   59.9   49.3   3.9  
25.   Other 5.41   1,353   653   215   97.6   .1   85.5   97.6   35.2  
  Months  
26. More than 365 days 5.81   1,821   161   49   97.4   3.1   70.9   73.3   19.8  
27.   Mininal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
28.   Low risk 7.27   86   82   59   98.9   16.3   36.0   77.3   2.9  
29.   Moderate risk 5.90   393   92   67   96.5   2.2   48.4   49.5   .6  
30.   Other 5.48   1,036   745   36   97.6   2.5   92.3   94.4   26.5  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 6.37   1,273   3.2   323   90.8   2.3   68.4   77.0   6.2  
32.   100 - 999 5.80   3,050   3.1   295   88.4   2.7   74.6   73.1   5.2  
33.   1,000 - 9,999 5.26   2,492   4.2   329   87.2   1.9   71.0   91.3   21.3  
34.   10,000+ 5.00   1,086   4.4   274   100.0   .0   94.1   100.0   30.2  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 5.71   5,935   3.8   260   90.8   1.4   122   83.8   17.9  
36.   Other 5.32   1,966   3.1   450   87.5   4.1   82   81.4   6.6   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, NOVEMBER 1-5, 2004                            For immediate release
5. Commercial and industrial loans made by U.S. branches and agencies of foreign banks1    December 22, 2004
Maturity/repricing interval2
and risk3 of loans		 Weighted-
average
effective
loan rate4
(percent)		 Total value of
loans
($ millions)		 Average
loan size
($ thousands)		 Weighted-
average
maturity5		 Percent of value 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 3.39   28,815   6,054   337   20.9   43.5   5.7   57.4   6.6  
 2.   Mininal risk 2.56   1,274   3,646   391   23.4   3.0   .3   100.0   .5  
 3.   Low risk 4.85   4,611   7,307   1,523   8.7   22.7   3.1   91.1   1.1  
 4.   Moderate risk 2.78   8,661   5,630   106   31.0   55.9   6.5   66.0   8.4  
 5.   Other 3.53   11,960   6,361   101   21.9   38.7   7.8   44.0   10.3  
 
 6. Zero interval 6.15   3,499   4,852   2,015   23.8   .2   26.1   99.8   2.1  
 7.   Mininal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
 8.   Low risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
 9.   Moderate risk 4.93   163   567   917   82.9   1.7   91.1   100.0   17.7  
10.   Other 5.62   752   2,084   1,044   88.9   .5   100.0   99.0   5.1  
 
11. Daily 2.89   16,780   10,585   8   12.6   49.8   1.4   39.4   7.7  
12.   Mininal risk 2.38   415   3,681   51   37.4   .0   .0   100.0   .0  
13.   Low risk 2.46   812   6,554   68   4.1   83.9   .0   59.6   .2  
14.   Moderate risk 2.50   4,852   9,567   10   18.1   48.6   4.4   59.8   5.5  
15.   Other 3.30   8,811   12,476   1   11.9   41.1   .3   31.9   12.5  
 
16. 2 to 30 days 2.98   5,535   3,950   220   29.7   55.8   3.6   67.6   10.5  
17.   Mininal risk 2.49   511   5,039   373   8.4   7.1   .0   100.0   .7  
18.   Low risk 2.89   643   2,652   620   27.4   35.9   .0   87.2   3.9  
19.   Moderate risk 2.85   2,683   5,667   110   42.8   65.7   3.9   66.7   14.0  
20.   Other 3.38   1,449   3,227   200   18.8   58.3   6.5   57.7   12.3  
 
21. 31 to 365 days 3.63   2,842   2,904   396   47.7   34.3   6.5   89.3   4.3  
22.   Mininal risk 2.73   326   3,046   866   29.6   .5   1.2   100.0   .1  
23.   Low risk 3.47   541   2,526   699   30.7   14.7   14.2   100.0   3.4  
24.   Moderate risk 3.50   904   3,647   415   51.5   72.9   4.3   88.7   5.0  
25.   Other 4.27   946   2,638   143   66.2   17.5   6.9   91.7   5.7  
  Months  
26. More than 365 days ...   ...   ...   ...   ...   ...   ...   ...   ...  
27.   Mininal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
28.   Low risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
29.   Moderate risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
30.   Other ...   ...   ...   ...   ...   ...   ...   ...   ...  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 4.66   20   3.2   48   51.5   15.6   46.2   91.6   8.3  
32.   100 - 999 4.15   639   3.2   31   28.0   33.2   35.2   80.8   11.2  
33.   1,000 - 9,999 3.18   8,016   3.0   43   16.0   38.3   10.6   71.6   8.0  
34.   10,000+ 3.45   20,139   3.4   6   22.5   46.0   2.8   51.0   5.5  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 5.35   1,653   3.5   132   53.6   18.2   1,390   99.4   7.3  
36.   Other 3.27   27,162   3.3   10   18.9   45.1   7,607   54.8   6.5   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, NOVEMBER 1-5, 2004                                 For immediate release
6. Commercial and industrial loans by date pricing terms were set and commitment status         December 22, 2004
Date pricing terms were set
and commitment status		 Weighted-
average
effective
loan rate4
(percent)		 Amount of
loans
($ millions)		 Average
loan size
($ thousands)		 Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2
(days)		 Percent of value of loans
Secured
by
collateral		 Subject to
prepayment
penalty		 Prime based
All commercial banks
 1. During survey week 4.01   40,193   820   3.4   119   28.8   32.5   16.8  
 2.   Not under commitment 3.41   17,587   687   3.7   102   29.5   56.5   11.1  
 3.   Informal commitment 2.96   7,597   542   3.2   30   13.5   14.4   13.5  
 4.   Formal commitment 5.25   15,009   1,597   3.1   183   35.7   13.5   25.1  
    Before survey week9
 5.   Up to 90 days 4.27   12,874   427   2.9   119   36.3   42.1   39.9  
 6.   91 to 365 days 4.18   14,581   231   3.0   79   60.5   24.1   45.0  
 6.   More than 365 days 3.99   18,414   755   3.4   116   50.5   18.5   40.2  
 
Domestic banks
 8. During survey week 4.88   16,985   367   3.3   266   42.4   13.1   34.4  
 9.   Not under commitment 4.27   5,312   217   2.9   328   47.7   10.0   36.6  
10.   Informal commitment 4.83   1,545   120   3.5   124   64.6   6.1   55.8  
11.   Formal commitment 5.21   10,127   1,131   3.5   255   36.2   15.7   29.9  
    Before survey week9
12.   Up to 90 days 4.32   11,831   397   2.9   117   33.8   40.7   41.9  
13.   91 to 365 days 4.26   12,896   207   3.0   86   65.3   20.8   48.9  
14.   More than 365 days 4.12   15,536   662   3.4   135   56.2   20.2   45.7  
 
Large domestic banks
15. During survey week 4.63   13,640   1,489   3.4   239   31.9   15.6   25.6  
16.   Not under commitment 3.58   3,983   633   2.9   240   33.8   12.6   24.7  
17.   Informal commitment 3.38   498   648   2.9   56   35.9   8.7   19.6  
18.   Formal commitment 5.15   9,159   4,363   3.6   248   30.8   17.3   26.4  
    Before survey week9
19.   Up to 90 days 4.25   11,177   510   2.9   107   30.7   42.9   40.5  
20.   91 to 365 days 4.09   11,325   272   2.9   73   61.8   23.2   46.6  
21.   More than 365 days 3.92   13,275   765   3.2   106   49.2   23.6   37.8  
 
Small domestic banks
22. During survey week 5.91   3,344   90   3.3   378   85.3   2.6   70.0  
23.   Not under commitment 6.33   1,329   73   2.9   593   89.2   2.3   72.4  
24.   Informal commitment 5.52   1,047   87   3.9   157   78.2   4.8   73.0  
25.   Formal commitment 5.75   968   141   2.9   323   87.6   .5   63.5  
    Before survey week9
26.   Up to 90 days 5.42   654   83   3.1   286   86.3   1.8   66.3  
27.   91 to 365 days 5.53   1,571   76   3.4   173   90.5   3.6   65.1  
28.   More than 365 days 5.29   2,261   370   4.4   308   97.7   .2   92.1  
 
Foreign banks
29. During survey week 3.38   23,208   8,498   3.4   11   18.8   46.7   3.9  
30.   Not under commitment 3.04   12,275   11,021   4.0   5   21.6   76.6   .1  
31.   Informal commitment 2.48   6,052   5,163   3.1   6   .5   16.5   2.8  
32.   Formal commitment 5.34   4,882   10,967   2.4   32   34.5   8.9   15.0  
    Before survey week9
33.   Up to 90 days 3.68   1,043   3,494   2.8   147   64.9   58.6   17.3  
34.   91 to 365 days 3.54   1,685   2,136   2.9   27   23.5   49.1   15.4  
35.   More than 365 days 3.26   2,878   3,058   3.5   12   19.8   9.4   10.5   
...  The number of loans was insufficient to provide a meaningful value.
Summary statistics All commercial
banks		 Domestic
banks		 Large domestic
banks		 Small domestic
banks		 Foreign
banks
Average reported prime rate 4.79   4.79   4.75   4.91   4.75  
Standard error of loan rate4 .15   .21   .20   .13   .41  

NOTES

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.

1. As of March 31, 2003, assets of the large banks were at least $3.7 billion. Median total assets for all insured banks were roughly $93 million. Assets at all U.S. branches and agencies averaged $3.3 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/boarddocs/reportforms/ReportDetail.cfm?WhichFormId=FR_2028a/s". 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. 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.

7. 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.

8. 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.

9. For loans made under formal commitments.

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Last update: December 22, 2004