Board of Governors of the Federal Reserve System

Survey of Terms of Business Lending - E.2

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Release Date: June 22, 2015

E.2 Survey of Terms of Business Lending
MAY 4-8, 2015

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 2.26 88,835 646 652 37.9 32.7 16.9 0.4 44.4 80.3 12.5
Minimal risk 2.17 1,434 472 1,177 53.8 9.2 16.1 0.4 59.1 86.3 8.2
Low risk 1.35 18,972 1,384 408 19.8 44.7 10.7 0.2 27.4 70.2 7.1
Moderate risk 2.40 32,152 570 546 43.1 32.5 18.7 0.3 38.3 82.2 11.4
Other 2.79 20,737 383 646 56.0 38.3 24.8 0.7 35.8 74.2 11.0
 
2.  Zero interval 2.88 24,343 416 699 52.4 20.2 43.4 0.7 42.6 94.6 13.8
Minimal risk 1.42 620 1,008 707 61.9 11.9 21.0 0.0 51.1 93.1 8.3
Low risk 2.27 2,938 606 645 48.4 19.3 39.1 1.1 36.6 93.4 10.7
Moderate risk 2.83 11,758 464 687 48.4 19.5 43.8 0.5 44.9 94.9 14.1
Other 3.50 7,216 292 732 60.4 27.4 51.9 1.0 35.8 98.3 12.9
 
3.  Daily 1.00 18,930 2,950 236 22.9 40.8 2.8 0.2 27.0 48.6 10.1
Minimal risk 2.36 115 346 1,036 99.5 1.0 17.1 0.0 51.8 99.4 2.0
Low risk 0.72 8,463 5,193 199 4.8 51.7 1.2 0.0 17.6 49.3 1.2
Moderate risk 1.06 5,381 2,195 180 55.5 50.9 3.9 0.1 25.0 43.5 12.9
Other 1.36 3,292 1,815 69 23.6 17.3 5.8 0.8 18.4 28.0 12.4
 
4.  2 to 30 days 1.99 25,790 550 722 39.8 42.6 10.3 0.2 46.4 80.0 12.8
Minimal risk 2.37 173 273 649 54.4 16.0 18.1 2.9 28.2 64.3 6.9
Low risk 1.45 5,251 1,302 482 22.3 53.5 8.5 0.2 28.4 84.0 7.2
Moderate risk 1.80 7,283 387 554 41.3 45.2 4.9 0.2 38.0 77.9 10.5
Other 2.49 7,549 359 755 62.2 58.1 12.7 0.2 35.4 66.5 8.7
 
5.  31 to 365 days 3.08 14,501 1,248 704 27.6 18.5 3.6 0.2 54.6 94.6 10.0
Minimal risk 2.88 254 249 447 51.1 11.4 13.9 0.1 67.7 70.8 5.5
Low risk 1.90 1,692 696 562 28.8 30.4 3.4 0.2 40.2 83.9 15.2
Moderate risk 3.40 5,785 1,242 336 25.8 17.1 2.0 0.3 24.4 94.9 8.1
Other 3.21 1,699 675 576 65.0 47.6 1.6 0.3 63.1 95.7 10.5
 Months 
6.  More than 365 days 3.14 4,393 427 50 48.4 46.6 15.5 1.1 76.3 87.6 9.7
Minimal risk 3.03 271 629 101 18.1 0.0 5.0 0.0 92.4 93.5 13.3
Low risk 3.46 598 786 37 46.0 33.0 45.2 0.1 77.5 94.1 11.9
Moderate risk 2.70 1,859 443 44 32.8 61.7 8.9 0.1 81.6 90.8 5.7
Other 3.93 948 284 46 68.9 21.2 22.1 4.0 52.8 73.8 7.5
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 3.62 3,260 3.4 134 88.3 7.4 48.1 2.5 13.6 76.3 8.1
8.  100 - 999 3.33 12,164 3.3 121 78.9 13.8 46.3 1.2 22.6 81.6 11.6
9.  1,000 - 9,999 2.52 21,055 3.1 95 46.0 25.7 26.4 0.3 51.5 88.5 14.1
10.  10,000+ 1.82 52,356 2.9 78 21.9 41.5 4.4 0.0 48.5 76.9 12.2
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 3.98 15,049 3.3 61 71.8 3.9 231 0.8 41.8 88.7 12.7
12.  Other 1.90 73,786 3.0 96 30.9 38.6 1,020 0.3 44.9 78.5 12.5

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 2.75 57,739 431 818 43.1 13.8 24.3 0.5 52.9 91.5 13.8
Minimal risk 2.16 1,250 449 1,224 53.5 9.2 18.4 0.4 57.9 84.3 8.5
Low risk 2.16 8,095 619 737 42.2 11.3 21.8 0.6 42.6 87.5 11.5
Moderate risk 2.93 22,411 405 670 43.6 17.3 25.2 0.5 44.7 93.6 12.2
Other 3.36 12,296 232 699 68.5 22.7 39.3 1.2 34.5 86.4 11.7
 
2.  Zero interval 2.87 23,806 409 691 52.3 20.7 42.8 0.7 42.9 94.4 13.7
Minimal risk 1.42 620 1,011 707 61.9 11.9 21.0 0.0 51.1 93.1 8.3
Low risk 2.27 2,732 565 640 46.8 20.8 39.5 1.2 38.6 92.9 11.1
Moderate risk 2.81 11,556 460 675 48.5 19.9 42.9 0.5 45.0 94.8 13.9
Other 3.48 7,087 288 723 60.3 27.9 51.2 1.0 35.8 98.2 12.8
 
3.  Daily 1.79 5,301 916 933 21.0 0.4 9.1 0.6 81.9 96.5 16.1
Minimal risk 2.40 52 215 610 98.9 0.6 38.2 0.0 9.1 99.4 4.3
Low risk 1.54 1,718 1,154 1,333 16.8 0.1 5.8 0.1 79.8 91.8 2.8
Moderate risk 2.00 1,552 672 726 31.3 0.8 12.3 0.2 77.8 99.3 18.4
Other 3.67 335 215 515 68.2 2.8 50.7 8.2 40.6 96.2 8.3
 
4.  2 to 30 days 2.44 14,234 311 857 52.4 8.7 18.0 0.3 52.8 83.0 17.4
Minimal risk 2.67 121 227 629 65.4 9.9 25.8 4.2 18.1 49.1 12.7
Low risk 2.37 2,214 587 640 51.9 7.9 20.2 0.4 23.9 78.6 14.8
Moderate risk 2.63 3,179 173 744 70.0 6.0 10.2 0.5 40.7 83.5 11.7
Other 3.07 3,462 167 444 85.1 17.8 26.3 0.4 27.4 63.5 9.8
 
5.  31 to 365 days 3.24 10,980 1,015 769 21.2 5.5 4.0 0.3 57.1 96.1 11.1
Minimal risk 3.06 220 225 460 56.4 13.2 16.1 0.1 74.2 66.2 6.8
Low risk 2.32 1,076 471 413 43.5 11.2 4.5 0.3 28.6 87.1 22.0
Moderate risk 3.94 4,314 993 326 19.8 7.9 2.1 0.5 21.5 97.0 8.4
Other 3.02 667 295 507 65.7 15.5 4.0 0.7 52.7 96.3 11.5
 Months 
6.  More than 365 days 3.05 3,222 326 51 42.7 35.3 8.3 1.5 67.9 83.2 5.8
Minimal risk 2.96 238 569 109 12.8 0.0 5.7 0.0 91.4 92.6 9.8
Low risk 2.75 325 468 37 71.4 6.6 29.1 0.1 58.6 89.1 9.2
Moderate risk 2.60 1,724 419 44 30.2 59.9 3.0 0.2 80.2 90.1 4.6
Other 3.76 713 223 48 72.3 10.7 11.9 5.4 38.1 65.1 7.1
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 3.62 3,243 3.4 134 88.4 7.4 48.2 2.5 13.4 76.2 8.1
8.  100 - 999 3.34 11,728 3.3 116 80.2 12.9 46.7 1.3 20.9 81.3 11.4
9.  1,000 - 9,999 2.70 15,904 3.1 66 49.6 15.5 31.1 0.4 53.1 93.0 14.5
10.  10,000+ 2.41 26,863 2.9 114 17.5 13.9 7.6 0.1 71.4 96.8 14.8
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 3.98 14,043 3.3 28 73.9 1.0 218 0.9 39.6 88.0 12.1
12.  Other 2.35 43,696 3.0 126 33.2 17.9 627 0.4 57.2 92.6 14.3

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 2.62 53,071 538 832 39.2 14.4 21.5 0.2 55.2 92.4 14.5
Minimal risk 1.79 1,068 736 1,379 49.0 9.4 15.2 0.0 55.0 88.4 9.2
Low risk 2.05 7,618 740 754 39.4 11.4 20.0 0.0 43.6 87.2 12.0
Moderate risk 2.83 20,535 527 665 39.9 18.1 22.8 0.1 46.5 94.7 12.7
Other 3.20 10,435 262 715 64.4 26.0 35.0 0.9 37.1 86.8 12.7
 
2.  Zero interval 2.75 21,685 516 707 49.3 22.1 39.7 0.2 45.6 94.9 14.3
Minimal risk 1.35 600 1,166 725 60.7 12.3 18.8 0.0 52.7 92.9 8.3
Low risk 2.21 2,606 658 644 45.7 20.6 38.9 0.0 39.7 92.6 11.4
Moderate risk 2.72 10,496 614 693 45.5 21.1 40.5 0.1 47.9 95.4 14.5
Other 3.35 6,260 350 756 56.4 31.2 46.1 0.5 38.9 98.9 13.5
 
3.  Daily 1.61 4,949 1,862 970 15.9 0.3 4.2 0.6 86.2 96.8 16.6
Minimal risk 2.06 46 233 319 98.7 0.6 32.3 0.0 0.0 99.3 4.7
Low risk 1.48 1,670 1,504 1,365 14.4 0.0 3.2 0.1 81.9 91.6 2.4
Moderate risk 1.77 1,409 1,484 748 24.7 0.6 5.5 0.2 84.0 99.2 20.0
Other 2.87 204 722 517 48.5 2.2 28.8 13.5 47.7 97.2 6.6
 
4.  2 to 30 days 2.39 13,541 325 891 50.6 8.8 15.8 0.1 54.2 82.5 18.1
Minimal risk 2.68 115 227 636 67.9 6.1 26.7 0.0 19.1 46.7 14.0
Low risk 2.34 2,139 664 652 51.1 7.8 18.8 0.0 24.1 77.8 15.4
Moderate risk 2.58 2,994 175 770 68.8 5.5 8.7 0.3 41.2 83.7 12.1
Other 3.00 3,098 166 495 84.4 19.7 21.4 0.2 29.1 59.5 10.7
 
5.  31 to 365 days 3.16 10,329 1,827 800 17.1 5.7 3.2 0.1 56.6 97.2 11.6
Minimal risk 1.40 101 496 792 30.3 19.6 2.4 0.0 49.8 80.9 11.4
Low risk 1.98 950 553 425 36.2 12.4 4.0 0.1 22.7 86.3 25.1
Moderate risk 3.89 4,128 2,381 322 16.9 8.1 1.1 0.0 20.3 97.7 8.7
Other 2.79 479 356 654 53.7 21.2 2.6 0.7 45.5 96.7 15.1
 Months 
6.  More than 365 days 2.50 2,372 787 50 24.9 44.6 2.8 1.3 83.2 96.4 6.7
Minimal risk 2.70 205 8,303 120 2.0 0.0 0.4 0.0 96.6 99.9 10.4
Low risk 2.06 221 784 43 57.9 8.4 6.7 0.2 85.0 94.8 12.6
Moderate risk 2.15 1,423 1,254 41 17.0 69.5 1.4 0.1 87.9 98.4 5.0
Other 3.00 362 368 39 52.3 11.9 3.9 5.8 61.0 90.7 9.9
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 3.23 2,375 3.4 59 88.1 8.3 43.0 1.6 10.0 74.2 8.8
8.  100 - 999 3.12 9,354 3.3 55 79.1 14.2 43.7 0.4 19.1 82.2 12.6
9.  1,000 - 9,999 2.61 14,577 3.1 57 46.2 16.4 29.3 0.2 55.5 93.4 15.5
10.  10,000+ 2.41 26,766 2.9 111 17.2 14.0 7.7 0.1 71.7 97.0 14.8
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 3.90 11,435 3.2 14 70.9 0.9 268 0.5 44.2 88.5 13.5
12.  Other 2.27 41,636 3.0 103 30.5 18.2 743 0.2 58.2 93.4 14.7

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 4.15 4,668 132 657 86.6 6.2 55.9 4.1 26.4 81.1 5.4
Minimal risk 4.36 182 136 397 79.8 7.8 37.6 2.9 74.9 60.1 2.1
Low risk 3.96 478 172 461 87.8 9.9 51.5 8.8 27.6 93.1 3.9
Moderate risk 4.06 1,876 115 726 83.9 8.2 51.2 4.3 25.2 82.1 5.7
Other 4.27 1,860 141 617 91.9 4.0 63.6 3.4 19.9 84.1 6.0
 
2.  Zero interval 4.04 2,121 131 492 82.8 6.3 74.9 5.9 15.9 90.2 7.3
Minimal risk 3.52 20 202 153 96.7 0.0 88.1 0.0 0.0 100.0 8.2
Low risk 3.45 125 143 541 69.6 25.3 51.7 25.3 15.5 99.7 6.0
Moderate risk 3.78 1,060 132 445 78.4 7.1 66.6 5.2 15.9 89.0 7.6
Other 4.47 826 124 436 89.8 3.3 89.4 4.6 12.0 93.1 7.4
 
3.  Daily 4.38 352 113 490 92.1 2.4 78.8 0.4 20.9 91.5 7.7
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 3.67 47 125 216 99.5 2.0 96.4 0.0 7.8 100.0 15.0
Moderate risk 4.27 143 105 588 97.1 2.0 79.4 0.9 16.1 99.4 2.8
Other 4.91 131 102 514 98.8 3.7 84.8 0.1 29.5 94.6 11.1
 
4.  2 to 30 days 3.53 693 169 278 87.9 6.9 61.0 3.7 25.6 92.5 4.6
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 3.24 75 136 268 75.9 12.0 60.5 10.3 18.1 100.0 3.0
Moderate risk 3.38 185 140 391 89.4 14.3 35.2 3.3 32.7 81.2 5.8
Other 3.67 364 174 202 91.0 2.0 68.5 1.8 13.4 97.5 5.2
 
5.  31 to 365 days 4.41 650 126 265 87.1 3.0 17.9 3.4 65.8 78.8 1.3
Minimal risk 4.49 118 153 228 78.8 7.7 27.8 0.2 95.2 53.7 0.8
Low risk 4.83 126 223 322 98.7 2.3 8.4 2.0 73.5 93.1 0.6
Moderate risk 5.07 186 71 429 86.2 2.9 24.6 9.8 47.0 81.1 1.0
Other 3.60 188 204 115 96.5 1.2 7.4 0.7 71.0 95.3 2.1
 Months 
6.  More than 365 days 4.60 850 124 54 92.6 9.5 24.0 2.2 25.3 46.2 0.5
Minimal risk 4.59 32 82 36 81.4 0.0 39.3 0.0 58.2 46.1 0.9
Low risk 4.19 104 252 24 100.0 2.8 76.6 0.0 2.5 77.0 0.0
Moderate risk 4.72 301 101 61 92.3 14.6 10.4 0.4 44.1 50.8 0.9
Other 4.54 351 158 57 92.9 9.5 20.1 4.9 14.6 38.7 0.2
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 4.68 869 3.4 333 89.3 4.8 62.4 5.1 22.7 81.5 6.3
8.  100 - 999 4.21 2,374 3.2 356 84.5 7.9 58.6 4.8 28.1 77.8 6.1
9.  1,000 - 9,999 3.73 1,328 3.4 161 87.8 4.7 50.8 2.6 27.5 89.0 3.6
10.  10,000+ ... ... ... ... ... ... ... ... ... ... ...
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.31 2,608 3.4 87 87.1 1.5 119 2.3 19.1 86.1 6.0
12.  Other 3.94 2,060 3.2 590 86.1 12.3 151 6.4 35.6 74.7 4.4

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 1.34 31,096 9,277 374 28.2 67.9 3.2 0.0 28.6 59.5 8.7
Minimal risk 2.25 184 728 895 56.2 9.0 0.0 0.0 67.8 99.8 6.8
Low risk 0.75 10,876 17,227 214 3.2 69.6 2.4 0.0 16.1 57.2 2.1
Moderate risk 1.17 9,740 8,427 299 42.1 67.7 3.9 0.0 23.7 56.1 8.6
Other 1.96 8,441 7,464 583 37.7 61.1 3.7 0.0 37.8 56.5 9.5
 
2.  Zero interval 3.51 537 1,365 1,015 58.7 0.0 70.7 0.0 26.9 100.0 16.3
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk ... ... ... ... ... ... ... ... ... ... ...
Moderate risk 3.91 201 951 1,259 43.7 0.0 95.1 0.0 37.5 100.0 23.9
Other 4.84 129 801 1,145 65.7 0.0 90.5 0.0 35.6 100.0 21.0
 
3.  Daily 0.70 13,630 21,610 43 23.7 56.5 0.3 0.0 5.7 30.0 2.7
Minimal risk 2.32 64 687 1,081 100.0 1.4 0.0 0.0 86.3 99.4 0.2
Low risk 0.51 6,746 47,772 27 1.8 64.8 0.0 0.0 1.7 38.5 0.2
Moderate risk 0.68 3,829 26,736 54 65.3 71.3 0.5 0.0 3.6 20.9 2.2
Other 1.10 2,957 11,759 38 18.5 18.9 0.7 0.0 15.9 20.3 14.6
 
4.  2 to 30 days 1.43 11,556 10,236 584 24.3 84.4 0.8 0.0 38.6 76.4 6.6
Minimal risk 1.68 52 522 670 28.4 30.3 0.0 0.0 52.0 100.0 0.2
Low risk 0.78 3,036 11,760 389 0.7 86.6 0.0 0.0 31.6 87.9 2.3
Moderate risk 1.15 4,104 10,122 429 19.1 75.6 0.8 0.0 35.9 73.5 9.5
Other 1.99 4,087 12,455 911 42.8 92.2 1.2 0.0 42.1 69.0 7.8
 
5.  31 to 365 days 2.59 3,521 4,416 502 47.3 58.8 2.2 0.0 46.9 90.1 6.6
Minimal risk 1.71 34 777 374 17.2 0.0 0.0 0.0 25.8 100.0 0.0
Low risk 1.16 615 4,179 823 3.0 64.0 1.6 0.0 60.5 78.3 2.0
Moderate risk 1.82 1,471 4,705 364 43.3 43.9 1.6 0.0 33.0 88.8 7.1
Other 3.33 1,033 4,052 620 64.5 68.3 0.0 0.0 69.8 95.2 9.8
 Months 
6.  More than 365 days 3.38 1,172 2,994 49 64.1 77.6 35.3 0.0 99.5 100.0 18.7
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 4.31 273 4,099 38 15.9 64.5 64.5 0.0 100.0 100.0 14.8
Moderate risk 4.05 135 1,628 39 66.8 84.4 84.4 0.0 99.9 100.0 19.1
Other 4.45 236 1,743 43 58.7 52.9 52.9 0.0 97.4 100.0 8.4
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 3.13 17 2.5 151 55.9 9.3 29.2 0.0 47.3 95.6 9.1
8.  100 - 999 3.06 436 3.1 241 45.6 38.0 34.1 0.0 66.5 89.7 16.7
9.  1,000 - 9,999 1.94 5,151 3.2 185 34.8 57.2 12.0 0.0 46.4 74.4 12.5
10.  10,000+ 1.19 25,493 2.9 40 26.6 70.6 0.9 0.0 24.3 55.9 7.5
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.04 1,006 3.1 514 42.4 44.5 1,475 0.0 73.1 98.1 19.0
12.  Other 1.25 30,090 2.9 52 27.7 68.7 11,270 0.0 27.1 58.2 8.2

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 1.90 34,864 721 2.9 77 32.8 42.3 10.4 0.4 18.4
Not under commitment 1.31 17,542 611 3.0 62 34.6 40.1 9.7 0.2 6.5
Informal commitment 1.20 6,074 522 2.4 39 17.0 80.1 8.3 0.6 5.4
Formal commitment 3.19 11,248 1,402 3.1 119 38.3 25.3 12.6 0.7 44.0
2.  Before survey week 11  
Up to 90 days 2.35 10,824 568 2.9 164 31.2 36.3 16.1 0.6 59.3
91 to 365 days 2.59 18,523 381 3.1 103 56.0 32.5 26.9 0.4 53.1
More than 365 days 2.47 24,620 1,151 3.2 65 34.4 17.8 19.1 0.2 67.9
 
Domestic banks
3.  During survey week 3.40 13,938 297 3.1 172 51.7 8.9 25.4 1.1 35.3
Not under commitment 3.12 4,936 176 3.2 211 73.3 9.0 34.1 0.6 20.2
Informal commitment 3.63 1,189 104 3.3 187 77.1 1.1 42.2 3.0 21.9
Formal commitment 3.53 7,813 1,046 3.1 145 34.2 10.0 17.3 1.1 46.9
4.  Before survey week 11  
Up to 90 days 2.70 7,810 418 2.9 192 38.9 16.1 20.4 0.8 62.1
91 to 365 days 2.57 14,888 310 3.1 95 53.8 20.4 31.9 0.5 45.8
More than 365 days 2.46 21,098 1,037 3.1 28 31.4 11.5 19.7 0.2 66.1
 
Large domestic banks
5.  During survey week 3.20 11,479 375 3.1 96 44.4 9.7 20.2 0.7 35.8
Not under commitment 2.79 4,052 192 3.2 61 72.5 9.0 32.5 0.5 17.7
Informal commitment 3.29 653 97 3.5 188 68.8 0.7 14.0 2.4 21.7
Formal commitment 3.44 6,774 2,543 3.0 110 25.3 11.0 13.5 0.6 48.0
6.  Before survey week 11  
Up to 90 days 2.60 7,138 529 2.9 192 34.6 16.8 17.7 0.2 65.8
91 to 365 days 2.44 13,681 370 3.0 102 50.6 21.7 28.5 0.1 48.5
More than 365 days 2.43 20,773 1,179 3.1 28 30.5 11.5 19.0 0.0 66.7
 
Small domestic banks
7.  During survey week 4.29 2,459 150 3.2 519 85.9 5.1 49.4 2.7 33.0
Not under commitment 4.64 884 127 3.3 895 77.0 8.8 41.0 0.9 31.6
Informal commitment 4.05 536 115 3.0 187 87.1 1.7 76.4 3.6 22.3
Formal commitment 4.13 1,039 216 3.4 371 92.8 3.8 42.5 3.9 39.6
8.  Before survey week 11  
Up to 90 days 3.74 673 130 3.1 196 84.3 8.5 49.4 7.2 22.8
91 to 365 days 4.06 1,207 109 3.5 17 90.0 6.1 69.7 4.1 14.4
More than 365 days 4.15 325 119 3.4 28 84.6 10.4 67.4 8.4 27.6
 
Foreign banks
9.  During survey week 0.90 20,926 15,129 2.8 14 20.1 64.6 0.4 0.0 7.2
Not under commitment 0.60 12,605 20,245 2.9 4 19.5 52.3 0.1 0.0 1.2
Informal commitment 0.61 4,885 23,743 2.3 5 2.4 99.3 0.1 0.0 1.3
Formal commitment 2.42 3,435 6,193 3.1 62 47.6 60.1 1.9 0.0 37.6
10.  Before survey week 11  
Up to 90 days 1.45 3,013 7,545 2.9 92 11.3 88.9 4.7 0.0 52.1
91 to 365 days 2.67 3,635 6,879 3.3 136 65.4 81.9 6.3 0.0 83.4
More than 365 days 2.54 3,522 3,383 3.4 346 52.4 55.4 15.5 0.0 78.9

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 4.47 317 100 3.4 380 56.8 38.9 38.3 18.2
2.  Domestic banks 4.47 317 100 3.4 380 56.8 38.9 38.3 18.2
3.  Large domestic banks 4.81 125 88 3.9 713 89.4 10.7 48.5 0.0
4.  Small domestic banks 4.24 192 109 3.1 165 35.7 57.2 31.7 30.0
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 2.50 39,413 1,597 3.1 148 31.4 27.5 16.0 0.1
2.  Domestic banks 2.49 30,531 1,329 3.0 127 26.5 11.3 18.2 0.2
3.  Large domestic banks 2.41 29,300 2,101 3.0 117 23.8 11.5 17.3 0.0
4.  Small domestic banks 4.37 1,231 136 3.0 359 90.1 6.5 40.4 4.7
5.  Foreign banks 2.55 8,882 5,203 3.2 228 48.1 82.9 8.3 0.0

Summary statistics All
commercial
banks
Domestic
banks
Large
domestic
banks
Small
domestic
banks
Foreign
banks
1.  Average reported prime rate 3.35 3.36 3.32 3.52 3.19
2.  Standard error of loan rate .19 .19 .19 .08 .38

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 March 31, 2015 , assets of the large banks were at least $4.8 billion. Median total assets for all insured banks were roughly $174 million. Assets at all U.S. branches and agencies averaged 11.1 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 Administration (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: June 22, 2015