Board of Governors of the Federal Reserve System

Survey of Terms of Business Lending - E.2

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Release Date: June 30, 2014

E.2 Survey of Terms of Business Lending
MAY 5-9, 2014

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 80,050 586 761 40.7 33.6 19.8 0.3 40.4 77.0 12.6
Minimal risk 1.37 2,594 1,028 513 33.3 42.8 8.9 0.0 23.2 96.2 5.5
Low risk 1.56 15,559 1,014 510 25.1 33.4 13.4 0.0 32.1 74.1 13.1
Moderate risk 2.45 35,134 549 1,009 31.0 21.7 18.5 0.4 52.9 86.1 12.7
Other 2.45 22,720 508 532 62.8 42.2 23.1 0.5 24.8 59.6 11.2
 
2.  Zero interval 3.05 21,816 358 815 61.2 25.3 51.0 0.6 38.0 95.7 12.4
Minimal risk 1.67 880 998 681 50.6 16.6 20.4 0.0 24.4 94.1 6.4
Low risk 2.33 2,973 587 884 55.4 12.9 46.8 0.1 47.6 86.5 13.5
Moderate risk 2.90 10,559 365 785 51.3 27.1 46.8 0.7 39.3 97.3 13.5
Other 3.72 6,666 291 837 78.3 25.8 61.0 0.7 35.7 97.9 11.7
 
3.  Daily 1.22 18,800 2,912 332 28.9 36.1 2.5 0.1 30.8 44.2 18.9
Minimal risk 2.44 113 374 894 86.5 0.2 14.2 0.2 11.7 99.9 1.2
Low risk 0.93 4,581 2,602 196 6.1 26.6 2.6 0.0 24.0 41.9 21.7
Moderate risk 1.31 6,808 2,995 714 10.4 10.9 2.2 0.0 63.4 75.8 20.1
Other 1.31 7,298 3,479 62 59.6 66.3 2.5 0.1 4.9 15.3 10.4
 
4.  2 to 30 days 1.79 19,323 436 498 40.5 46.0 14.5 0.2 28.5 75.3 10.3
Minimal risk 0.50 1,080 3,597 77 2.0 82.6 0.7 0.0 5.4 100.0 1.2
Low risk 1.40 4,638 940 478 22.0 52.1 6.3 0.0 30.8 87.9 9.5
Moderate risk 1.85 7,367 312 526 41.6 31.8 13.1 0.4 31.6 67.9 12.7
Other 2.07 5,255 398 483 55.4 44.8 11.9 0.4 23.9 65.8 11.2
 
5.  31 to 365 days 2.15 10,599 866 718 30.7 28.4 4.3 0.4 46.9 84.7 13.8
Minimal risk 1.71 342 567 737 47.8 20.9 2.3 0.0 53.1 98.0 13.4
Low risk 1.77 2,748 998 567 29.7 32.3 1.0 0.1 26.0 86.2 11.3
Moderate risk 2.23 4,967 1,110 942 20.5 27.5 1.6 0.3 59.5 92.4 15.7
Other 2.36 2,017 630 333 42.7 17.1 2.2 1.1 39.2 59.8 12.9
 Months 
6.  More than 365 days 3.75 8,690 939 69 30.1 22.1 10.7 0.3 81.6 93.6 5.4
Minimal risk 3.78 177 415 57 75.0 0.8 10.5 0.0 74.7 77.8 18.8
Low risk 2.89 618 741 44 21.9 46.2 40.6 0.0 53.1 95.6 16.3
Moderate risk 4.03 5,407 1,362 78 12.5 6.0 6.2 0.4 89.6 96.2 1.1
Other 3.89 1,460 534 67 62.2 23.6 21.5 0.6 58.8 83.6 6.9
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 3.83 3,249 3.3 113 91.2 9.0 57.9 2.2 11.0 75.1 9.4
8.  100 - 999 3.39 11,590 3.2 105 81.4 18.7 52.1 1.3 21.2 83.9 13.1
9.  1,000 - 9,999 2.57 20,851 3.1 124 48.4 29.3 27.1 0.2 47.7 88.0 13.7
10.  10,000+ 1.70 44,360 3.0 342 22.7 41.3 5.2 0.0 44.2 70.2 12.1
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.00 15,862 3.3 98 74.3 15.4 212 0.6 34.9 86.5 12.5
12.  Other 1.83 64,188 3.0 276 32.4 38.0 1,042 0.2 41.8 74.7 12.6

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 2.86 50,011 376 1,050 49.7 16.3 29.6 0.5 53.3 91.7 13.4
Minimal risk 1.81 1,215 552 787 53.6 13.0 18.9 0.0 29.1 91.9 8.9
Low risk 2.14 7,958 537 753 40.8 9.2 22.9 0.1 50.3 87.3 18.5
Moderate risk 2.81 27,136 431 1,203 37.5 12.3 22.7 0.5 62.5 93.6 13.3
Other 3.48 11,507 265 927 76.7 19.7 41.9 0.9 40.4 90.4 11.8
 
2.  Zero interval 3.05 20,907 346 816 63.0 25.3 51.1 0.6 37.3 95.6 12.5
Minimal risk 1.50 790 936 678 55.8 18.5 22.7 0.0 16.4 93.4 7.1
Low risk 2.32 2,901 579 883 56.0 13.2 46.5 0.1 47.4 86.2 13.6
Moderate risk 2.91 10,101 351 797 53.3 26.0 46.7 0.8 38.6 97.2 13.8
Other 3.68 6,442 284 830 79.4 26.7 60.3 0.7 36.3 98.1 11.4
 
3.  Daily 1.87 6,730 1,125 903 22.9 0.6 6.9 0.2 82.9 98.7 23.0
Minimal risk 2.52 72 275 1,160 99.6 0.3 22.2 0.3 4.7 99.9 2.0
Low risk 1.69 1,494 880 629 18.8 1.3 7.8 0.1 72.4 97.4 28.5
Moderate risk 1.69 4,553 2,103 1,041 14.9 0.2 3.2 0.1 92.8 99.5 22.5
Other 3.63 610 333 465 83.6 1.4 30.2 1.8 43.7 95.7 15.3
 
4.  2 to 30 days 2.62 9,762 225 784 67.4 15.4 28.4 0.5 39.2 78.4 14.7
Minimal risk 1.60 95 560 655 22.8 2.2 8.3 0.0 42.3 100.0 12.9
Low risk 2.13 2,034 432 591 47.5 5.3 14.5 0.0 38.4 81.5 19.3
Moderate risk 2.55 4,145 178 769 64.8 6.0 23.0 0.7 41.6 73.9 14.7
Other 2.97 2,553 199 919 82.3 10.2 24.4 0.7 34.6 77.0 13.9
 
5.  31 to 365 days 2.48 5,652 499 796 36.8 14.6 7.3 0.8 64.9 91.3 15.9
Minimal risk 1.95 159 313 659 32.5 5.4 5.0 0.0 80.7 95.6 21.2
Low risk 2.20 1,137 436 672 24.0 12.7 2.1 0.2 40.6 85.1 15.9
Moderate risk 2.38 3,014 728 969 26.0 6.8 2.2 0.6 76.3 95.5 17.7
Other 3.17 911 313 380 67.8 20.0 4.8 2.4 60.3 85.4 13.8
 Months 
6.  More than 365 days 3.89 6,857 781 76 20.1 6.8 5.7 0.4 84.4 91.9 2.4
Minimal risk 3.79 96 236 60 65.7 1.4 19.3 0.0 53.4 59.2 1.5
Low risk 2.42 390 499 44 26.9 20.4 9.9 0.0 78.6 93.0 15.9
Moderate risk 4.03 5,298 1,349 79 12.1 4.7 4.8 0.4 90.9 96.1 1.0
Other 3.61 967 379 76 48.8 10.4 7.2 0.9 63.2 75.3 4.0
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 3.83 3,238 3.3 113 91.3 9.0 57.9 2.2 10.9 75.0 9.4
8.  100 - 999 3.40 11,140 3.2 99 83.3 18.0 53.0 1.3 20.3 83.8 13.0
9.  1,000 - 9,999 2.80 15,151 3.0 94 56.4 20.0 34.2 0.3 51.5 92.8 14.7
10.  10,000+ 2.46 20,481 2.9 648 19.8 13.7 9.1 0.0 79.3 97.8 13.2
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 3.99 14,820 3.3 52 76.8 12.7 200 0.7 36.7 85.7 12.4
12.  Other 2.39 35,190 3.0 437 38.2 17.7 598 0.5 60.3 94.2 13.8

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 2.74 45,512 458 1,039 47.4 17.3 27.5 0.2 54.7 92.4 14.2
Minimal risk 1.61 1,091 927 824 49.5 14.5 14.6 0.0 28.3 92.5 8.2
Low risk 2.03 7,502 667 765 39.3 9.6 20.5 0.0 51.7 87.4 19.3
Moderate risk 2.71 25,361 533 1,230 34.7 12.6 20.3 0.2 65.0 94.4 13.8
Other 3.39 9,481 302 765 78.9 23.1 41.1 0.4 37.5 91.2 13.4
 
2.  Zero interval 2.94 19,029 430 846 62.0 27.4 48.4 0.2 38.4 95.9 13.1
Minimal risk 1.32 740 1,313 702 54.5 19.8 18.3 0.0 16.5 93.0 6.8
Low risk 2.24 2,713 640 920 56.6 14.1 44.1 0.1 48.2 85.6 14.1
Moderate risk 2.80 9,178 440 823 51.8 28.0 44.3 0.2 40.0 97.7 14.4
Other 3.60 5,774 362 862 78.5 29.6 56.6 0.3 37.6 98.7 11.9
 
3.  Daily 1.72 6,326 2,300 913 18.4 0.5 2.0 0.2 86.3 98.6 24.1
Minimal risk 2.30 66 334 1,284 99.6 0.3 14.9 0.3 0.0 99.8 2.0
Low risk 1.59 1,425 1,184 637 15.0 1.2 4.2 0.1 75.6 97.3 29.7
Moderate risk 1.60 4,413 4,351 1,046 12.4 0.2 0.8 0.1 95.5 99.5 23.1
Other 3.28 422 1,359 341 79.9 1.1 5.8 2.5 40.0 93.9 20.2
 
4.  2 to 30 days 2.58 9,222 229 740 67.2 16.0 28.1 0.2 39.1 77.7 15.4
Minimal risk 1.47 88 1,174 689 16.6 2.3 4.8 0.0 45.6 100.0 13.6
Low risk 2.09 1,987 458 599 46.6 5.4 13.3 0.0 39.2 81.1 19.6
Moderate risk 2.47 3,941 181 803 63.4 5.7 22.1 0.3 43.5 73.6 15.2
Other 3.00 2,274 191 647 86.0 11.2 24.4 0.3 29.9 74.5 15.8
 
5.  31 to 365 days 2.23 5,067 878 847 31.5 15.8 5.7 0.1 65.7 92.9 17.1
Minimal risk 1.85 119 400 810 9.4 7.2 3.4 0.0 85.7 95.4 19.0
Low risk 1.99 1,034 854 707 21.0 13.9 0.6 0.0 40.1 86.8 16.9
Moderate risk 2.20 2,796 1,331 1,024 21.7 7.0 0.3 0.0 77.3 97.2 18.7
Other 2.65 730 428 342 60.3 23.4 1.1 0.3 58.5 86.7 16.4
 Months 
6.  More than 365 days 3.90 5,768 1,923 74 13.3 6.3 3.3 0.1 89.9 97.0 2.6
Minimal risk 3.54 77 1,881 63 57.8 1.7 7.8 0.0 57.6 68.2 1.6
Low risk 2.06 342 1,382 41 17.3 19.9 3.3 0.0 88.4 98.9 17.0
Moderate risk 3.99 5,008 4,328 79 7.7 4.0 2.8 0.1 94.4 98.7 1.1
Other 4.31 257 261 41 76.6 21.2 9.7 0.3 43.1 76.7 13.6
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 3.49 2,387 3.3 52 91.8 11.0 55.4 1.2 5.6 72.4 10.9
8.  100 - 999 3.21 9,273 3.2 52 83.9 19.9 51.0 0.3 18.6 84.3 14.3
9.  1,000 - 9,999 2.71 13,958 3.0 72 54.6 21.4 33.2 0.2 52.5 93.5 15.5
10.  10,000+ 2.46 19,894 2.9 596 20.1 14.1 9.2 0.0 78.9 97.7 13.5
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 3.90 12,507 3.2 29 75.7 14.6 237 0.3 39.3 85.6 13.6
12.  Other 2.31 33,006 3.0 397 36.7 18.4 709 0.1 60.5 94.9 14.4

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 4.06 4,498 133 1,158 71.9 5.3 51.4 3.9 39.7 84.7 4.6
Minimal risk 3.60 124 121 459 89.7 0.0 56.5 0.0 35.9 86.8 16.2
Low risk 3.90 455 128 522 65.4 3.0 62.3 0.5 27.2 85.4 5.5
Moderate risk 4.26 1,775 115 795 77.5 8.3 57.3 5.9 26.7 82.4 4.9
Other 3.88 2,027 168 1,662 66.5 3.8 45.5 3.4 53.7 86.6 3.7
 
2.  Zero interval 4.13 1,878 116 451 73.1 3.7 78.3 4.9 26.6 93.2 6.8
Minimal risk 4.19 50 177 315 75.7 0.0 88.2 0.0 14.7 100.0 11.6
Low risk 3.44 188 242 198 46.7 0.0 81.0 0.0 35.5 94.6 6.7
Moderate risk 4.08 923 117 489 67.6 6.5 70.1 6.6 24.2 92.5 6.6
Other 4.38 668 99 478 86.5 1.4 91.7 4.6 24.5 92.7 7.1
 
3.  Daily 4.28 404 125 739 93.9 2.0 83.4 0.3 29.0 99.4 4.6
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 3.91 69 140 430 97.9 3.0 82.0 0.0 7.0 99.7 4.6
Moderate risk 4.26 140 121 863 94.7 1.3 81.4 0.8 7.9 98.8 3.9
Other 4.42 189 124 763 91.7 2.2 84.8 0.2 51.8 99.7 5.2
 
4.  2 to 30 days 3.37 540 177 1,380 70.7 5.6 33.8 4.7 40.6 90.6 3.4
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 3.81 47 129 214 85.7 0.6 62.6 0.0 4.1 100.0 8.3
Moderate risk 4.07 204 128 278 91.9 11.9 39.5 7.1 5.2 79.0 4.7
Other 2.78 279 290 2,367 51.6 2.1 24.6 4.0 73.3 97.3 1.8
 
5.  31 to 365 days 4.70 585 105 356 82.8 3.7 20.5 6.5 58.6 77.7 4.0
Minimal risk 2.23 41 193 176 99.5 0.0 9.8 0.0 66.0 96.2 27.5
Low risk 4.28 103 74 319 54.2 0.0 17.2 2.3 45.0 68.6 3.1
Moderate risk 4.59 219 107 265 80.7 4.9 26.9 7.4 64.1 74.4 0.8
Other 5.25 181 150 533 97.9 6.2 19.8 10.8 67.5 80.4 2.7
 Months 
6.  More than 365 days 3.85 1,089 188 83 56.6 9.9 18.8 1.9 55.6 65.3 0.4
Minimal risk 4.80 19 53 49 97.3 0.0 65.2 0.0 36.8 23.3 0.1
Low risk 5.01 48 90 67 95.3 23.4 57.0 0.0 8.5 50.8 0.1
Moderate risk 4.70 290 105 74 88.0 17.1 40.6 4.5 30.6 50.4 0.4
Other 3.35 710 453 89 38.7 6.4 6.3 1.1 70.5 74.7 0.4
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 4.80 851 3.3 278 90.2 3.5 65.0 4.8 25.8 82.1 5.5
8.  100 - 999 4.36 1,867 3.2 334 80.7 8.8 62.7 6.4 28.9 81.1 6.1
9.  1,000 - 9,999 3.93 1,193 3.3 351 76.9 3.7 45.9 1.4 40.2 84.5 4.3
10.  10,000+ ... ... ... ... ... ... ... ... ... ... ...
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.50 2,314 3.3 173 82.3 2.9 107 2.9 22.6 85.9 6.0
12.  Other 3.59 2,184 3.4 1,046 60.9 7.9 178 5.1 57.8 83.4 3.1

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 1.25 30,040 8,945 322 25.7 62.4 3.5 0.0 19.0 52.7 10.4
Minimal risk 0.98 1,379 4,280 282 15.4 69.1 0.0 0.0 18.0 100.0 2.8
Low risk 0.96 7,602 14,173 297 8.5 58.6 3.4 0.0 12.9 60.3 5.0
Moderate risk 1.24 7,998 8,422 415 9.0 53.8 4.1 0.0 20.4 60.7 9.4
Other 1.40 11,212 8,680 178 48.5 65.4 3.8 0.0 8.9 28.1 9.1
 
2.  Zero interval 3.18 909 1,929 790 19.6 25.8 49.1 0.0 53.8 98.2 9.4
Minimal risk 3.16 90 2,352 705 5.3 0.0 0.1 0.0 94.7 100.0 0.1
Low risk 2.86 72 1,467 913 30.4 0.0 56.3 0.0 57.9 100.0 9.2
Moderate risk 2.66 457 2,552 552 9.1 51.3 48.4 0.0 54.7 100.0 7.5
Other 4.75 223 1,106 998 49.0 0.0 82.4 0.0 20.5 92.5 19.7
 
3.  Daily 0.86 12,070 25,479 38 32.2 56.0 0.0 0.0 1.7 13.8 2.7
Minimal risk 2.29 40 1,054 607 63.1 0.0 0.0 0.0 24.1 100.0 0.0
Low risk 0.55 3,086 48,753 15 0.0 38.8 0.0 0.0 0.6 14.9 0.3
Moderate risk 0.56 2,255 20,724 90 1.3 32.6 0.1 0.0 3.9 28.1 2.9
Other 1.09 6,688 25,412 28 57.4 72.2 0.0 0.0 1.3 8.0 4.9
 
4.  2 to 30 days 0.94 9,561 9,432 273 13.0 77.3 0.2 0.0 17.7 72.0 5.4
Minimal risk 0.39 984 7,562 21 0.0 90.4 0.0 0.0 1.9 100.0 0.1
Low risk 0.84 2,604 11,620 407 2.0 88.8 0.0 0.0 24.9 93.0 2.8
Moderate risk 0.95 3,223 11,270 291 11.7 64.9 0.5 0.0 18.7 60.3 9.6
Other 1.21 2,702 7,536 203 30.1 77.6 0.0 0.0 13.8 55.2 7.7
 
5.  31 to 365 days 1.76 4,946 5,467 630 23.7 44.3 0.8 0.0 26.2 77.2 10.8
Minimal risk 1.51 183 1,907 804 61.0 34.5 0.0 0.0 29.1 100.0 7.0
Low risk 1.46 1,611 10,994 493 33.7 46.1 0.2 0.0 15.7 87.0 8.0
Moderate risk 2.01 1,953 5,904 900 11.9 59.5 0.7 0.0 33.5 87.7 12.3
Other 1.69 1,106 3,887 294 22.1 14.6 0.1 0.0 21.9 38.7 11.3
 Months 
6.  More than 365 days 3.23 1,833 3,869 46 67.2 79.0 29.1 0.0 71.0 100.0 15.7
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 3.70 228 4,283 42 13.4 90.3 92.8 0.0 9.7 100.0 17.1
Moderate risk 3.78 110 2,446 52 33.3 71.0 71.0 0.0 29.0 100.0 5.1
Other 4.44 493 2,688 48 88.5 49.4 49.4 0.0 50.0 100.0 11.3
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 3.28 10 2.8 136 50.8 21.8 41.5 0.0 34.3 95.6 13.3
8.  100 - 999 3.03 450 3.2 244 33.1 36.4 29.7 0.0 42.2 85.5 14.5
9.  1,000 - 9,999 1.95 5,700 3.2 204 27.2 53.9 8.4 0.0 37.4 75.3 10.5
10.  10,000+ 1.05 23,878 3.0 71 25.2 64.9 1.8 0.0 14.1 46.6 10.2
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.16 1,042 3.2 749 38.7 53.9 1,713 0.0 8.8 97.9 14.1
12.  Other 1.15 28,998 3.1 76 25.2 62.7 10,545 0.0 19.4 51.0 10.1

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 1.96 34,344 769 3.1 430 32.6 40.0 11.9 0.3 27.1
Not under commitment 1.41 18,374 638 3.3 67 40.1 39.2 11.7 0.2 3.2
Informal commitment 1.11 4,610 746 2.3 54 15.5 82.2 7.4 0.1 6.5
Formal commitment 3.18 11,360 1,170 3.1 1,171 27.4 24.1 14.2 0.4 74.1
2.  Before survey week 11  
Up to 90 days 2.31 8,539 453 2.9 101 37.5 50.8 22.3 0.5 39.4
91 to 365 days 2.59 15,344 317 3.1 94 55.2 29.1 32.3 0.6 38.2
More than 365 days 2.48 21,772 895 3.0 96 44.3 20.0 22.4 0.1 63.5
 
Domestic banks
3.  During survey week 3.50 13,721 318 3.1 1,041 48.0 11.0 27.8 0.7 55.9
Not under commitment 3.51 4,153 148 3.0 266 74.9 13.0 51.2 1.0 13.6
Informal commitment 3.27 841 142 3.3 246 80.9 9.6 40.3 0.5 20.1
Formal commitment 3.52 8,727 957 3.1 1,487 32.0 10.2 15.5 0.5 79.5
4.  Before survey week 11  
Up to 90 days 2.99 5,034 273 3.0 133 58.8 21.7 36.8 0.9 46.5
91 to 365 days 2.62 13,802 288 3.1 45 56.6 25.1 34.3 0.7 37.8
More than 365 days 2.51 17,402 745 3.0 34 42.7 11.8 25.3 0.2 65.6
 
Large domestic banks
5.  During survey week 3.38 11,408 409 3.0 1,026 44.8 12.1 25.5 0.4 57.3
Not under commitment 3.12 3,463 161 3.0 120 73.2 13.4 51.9 0.6 10.4
Informal commitment 2.47 431 275 3.5 20 87.6 12.4 9.6 0.1 23.5
Formal commitment 3.55 7,513 1,560 3.0 1,502 29.2 11.5 14.3 0.3 80.9
6.  Before survey week 11  
Up to 90 days 2.81 4,344 320 2.9 136 55.1 24.4 34.4 0.3 48.6
91 to 365 days 2.49 12,656 348 3.1 47 54.2 27.0 30.8 0.1 39.3
More than 365 days 2.49 17,071 798 3.0 35 42.2 11.9 24.6 0.1 66.0
 
Small domestic banks
7.  During survey week 4.11 2,313 152 3.5 1,115 63.8 5.7 39.1 2.1 49.1
Not under commitment 5.46 689 105 3.3 1,001 83.2 10.9 47.4 3.0 29.6
Informal commitment 4.12 410 94 3.1 483 73.8 6.5 72.6 0.9 16.5
Formal commitment 3.33 1,214 282 3.7 1,393 49.5 2.4 23.1 1.9 71.2
8.  Before survey week 11  
Up to 90 days 4.18 690 142 3.3 115 82.6 5.1 52.1 4.8 33.5
91 to 365 days 4.04 1,146 99 3.2 17 82.5 5.0 72.5 7.0 22.2
More than 365 days 3.48 331 167 3.1 25 68.2 4.3 62.1 4.8 47.6
 
Foreign banks
9.  During survey week 0.93 20,622 13,529 3.1 24 22.4 59.2 1.4 0.0 7.9
Not under commitment 0.80 14,221 20,611 3.4 9 29.9 46.8 0.2 0.0 0.2
Informal commitment 0.62 3,769 15,359 2.1 12 1.0 98.4 0.1 0.0 3.5
Formal commitment 2.07 2,632 4,470 3.0 127 12.2 69.9 9.9 0.0 55.9
10.  Before survey week 11  
Up to 90 days 1.32 3,505 8,599 2.9 55 6.8 92.6 1.5 0.0 29.2
91 to 365 days 2.34 1,542 3,324 3.0 531 43.0 64.3 14.4 0.0 41.6
More than 365 days 2.36 4,370 4,541 3.0 387 50.5 52.5 11.0 0.0 54.9

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 4.60 260 100 3.5 250 59.5 45.6 38.7 39.2
2.  Domestic banks 4.60 260 100 3.5 250 59.5 45.6 38.7 39.2
3.  Large domestic banks 4.85 83 78 3.4 291 73.2 19.3 41.9 10.4
4.  Small domestic banks 4.49 177 115 3.5 231 53.2 57.9 37.2 52.6
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 2.66 32,370 1,541 3.0 503 28.5 19.7 17.1 0.3
2.  Domestic banks 2.76 26,667 1,351 3.0 527 27.4 8.8 20.4 0.4
3.  Large domestic banks 2.70 24,883 2,396 3.0 495 25.5 9.1 19.8 0.0
4.  Small domestic banks 3.67 1,784 191 3.5 980 54.0 4.1 29.3 5.2
5.  Foreign banks 2.18 5,703 4,525 2.9 375 33.9 70.9 1.6 0.0

Summary statistics All
commercial
banks
Domestic
banks
Large
domestic
banks
Small
domestic
banks
Foreign
banks
1.  Average reported prime rate 3.36 3.37 3.36 3.47 3.19
2.  Standard error of loan rate .16 .08 .08 .25 .26

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, 2014 , assets of the large banks were at least $4.8 billion. Median total assets for all insured banks were roughly $165 million. Assets at all U.S. branches and agencies averaged 11.4 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: June 30, 2014