Board of Governors of the Federal Reserve System

Survey of Terms of Business Lending - E.2

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Note: The Board of Governors has discontinued the Survey of Terms of Business Lending (STBL) and the associated E.2 release. The final STBL was conducted in May 2017, and the final E.2 was released on August 2, 2017. The STBL is being replaced by a new Small Business Lending Survey that will commence in February 2018. A link to the new survey's results, which will be posted on the Federal Reserve Bank of Kansas City's public webpage, will be provided here as soon as it is available.

Release Date: August 2, 2017

E.2 Survey of Terms of Business Lending
MAY 1-5, 2017

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 3.16 106,647 663 826 62.4 27.3 15.9 0.2 47.4 81.7 12.7
Minimal risk 3.39 3,040 483 681 52.4 16.5 18.4 0.0 32.6 68.6 16.0
Low risk 2.43 20,237 1,178 561 50.6 39.1 13.1 0.1 32.7 76.3 15.0
Moderate risk 3.12 44,729 710 1,004 54.6 28.0 16.7 0.1 45.6 80.1 9.0
Other 3.68 25,217 410 577 71.0 28.3 24.0 0.7 37.5 81.1 14.3
 
2.  Zero interval 3.79 26,060 451 886 56.2 23.1 44.4 0.2 47.5 90.8 12.2
Minimal risk 2.88 820 1,001 519 62.0 11.0 18.4 0.1 34.9 92.6 18.3
Low risk 3.24 3,366 658 920 47.9 12.8 44.6 0.0 55.9 79.5 16.8
Moderate risk 3.76 12,085 517 992 46.0 19.1 44.6 0.1 47.7 92.3 9.8
Other 4.09 9,622 351 806 71.1 32.9 46.4 0.5 44.6 92.8 13.4
 
3.  Daily 1.86 12,401 2,050 154 72.4 43.4 4.7 0.0 18.4 33.6 17.9
Minimal risk 3.75 53 1,074 999 29.1 6.5 83.7 0.0 5.3 100.0 13.0
Low risk 1.74 2,110 4,016 89 63.3 45.1 5.5 0.0 4.0 29.2 7.0
Moderate risk 1.74 6,666 1,941 125 74.8 59.7 3.6 0.0 11.6 25.0 8.8
Other 2.18 2,398 1,473 92 62.3 18.8 6.3 0.1 11.7 28.7 19.7
 
4.  2 to 30 days 2.75 32,674 736 619 62.2 36.6 8.4 0.0 48.7 81.1 12.1
Minimal risk 3.02 1,155 405 667 47.4 23.3 21.3 0.0 36.4 54.6 4.5
Low risk 2.13 8,954 1,272 398 46.9 59.7 6.8 0.0 30.9 80.7 9.4
Moderate risk 2.84 11,136 720 772 56.9 34.8 8.9 0.0 56.2 79.3 9.7
Other 3.35 7,278 404 301 73.7 30.8 12.1 0.1 31.9 77.9 16.3
 
5.  31 to 365 days 3.36 23,595 709 930 78.6 11.7 3.5 0.6 68.3 91.7 13.9
Minimal risk 3.46 500 269 467 81.4 2.1 8.3 0.0 30.3 35.5 4.6
Low risk 2.54 3,686 957 440 56.2 13.7 2.7 0.3 34.7 81.0 23.1
Moderate risk 3.16 7,889 510 1,225 79.0 13.3 5.7 0.3 76.2 94.6 10.3
Other 3.80 4,697 561 484 67.7 19.1 4.8 2.1 39.9 89.2 14.4
  Months  
6.  More than 365 days 3.81 11,625 836 57 32.9 25.6 9.7 0.1 33.4 93.8 11.0
Minimal risk 4.92 513 712 33 22.2 24.9 14.8 0.0 25.4 90.6 32.4
Low risk 2.95 2,112 3,441 47 48.2 32.3 15.0 0.0 28.1 91.5 23.7
Moderate risk 3.75 6,849 1,752 63 17.6 19.3 5.1 0.1 23.3 96.7 5.1
Other 4.93 1,117 224 57 85.1 32.8 27.2 0.8 59.0 79.1 6.0
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 4.17 3,849 3.3 171 93.4 4.5 40.7 1.5 21.6 81.5 8.0
8.  100 - 999 3.93 13,623 3.2 106 87.5 11.7 38.2 0.6 20.4 72.8 11.8
9.  1,000 - 9,999 3.35 24,518 3.2 149 63.1 26.8 25.0 0.4 54.0 88.2 15.6
10.  10,000+ 2.86 64,656 2.9 246 55.0 32.1 6.3 0.0 52.2 81.2 12.0
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.73 16,972 3.2 118 72.2 7.1 257 1.0 42.9 88.6 11.9
12.  Other 2.86 89,675 3.0 219 60.6 31.1 946 0.1 48.3 80.4 12.9

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 3.51 77,233 491 1,037 67.2 14.2 20.4 0.3 52.8 90.2 12.6
Minimal risk 3.71 2,328 378 679 64.4 8.4 22.2 0.0 20.5 59.0 21.4
Low risk 2.94 11,565 704 827 54.0 12.3 21.0 0.1 35.7 80.9 20.0
Moderate risk 3.54 33,375 538 1,261 54.4 14.7 21.1 0.1 51.4 94.0 8.4
Other 3.92 17,602 293 715 79.5 25.0 31.3 1.0 39.6 86.8 13.2
 
2.  Zero interval 3.73 25,130 440 876 56.7 23.9 44.2 0.2 46.8 90.5 11.5
Minimal risk 2.80 778 972 486 61.0 11.6 19.4 0.1 31.4 92.2 16.3
Low risk 3.21 3,297 649 919 48.3 13.0 44.4 0.0 55.2 79.0 16.5
Moderate risk 3.74 11,933 514 986 46.1 19.4 44.3 0.1 47.6 92.2 9.7
Other 3.98 8,999 333 784 72.8 35.2 46.4 0.6 43.6 92.3 12.1
 
3.  Daily 2.77 3,063 552 512 92.2 5.5 18.8 0.1 59.3 97.7 20.0
Minimal risk 3.91 48 1,403 1,109 26.2 7.2 92.3 0.0 1.4 100.0 14.3
Low risk 3.54 244 619 665 71.6 37.2 47.8 0.1 1.9 99.2 10.0
Moderate risk 2.94 1,296 394 466 93.9 3.7 18.4 0.0 46.2 97.9 7.5
Other 3.94 301 212 442 91.9 9.1 49.6 0.7 23.9 96.6 20.7
 
4.  2 to 30 days 3.26 18,320 425 864 79.5 10.8 14.2 0.1 57.6 84.8 13.6
Minimal risk 3.96 604 217 808 88.5 0.9 40.7 0.0 10.6 13.2 25.4
Low risk 2.99 3,121 465 716 61.2 5.1 19.6 0.0 31.1 72.8 13.9
Moderate risk 3.45 6,404 425 986 68.9 16.8 14.1 0.1 64.9 92.8 8.8
Other 3.56 4,272 244 365 89.9 17.1 19.0 0.1 34.4 77.8 17.6
 
5.  31 to 365 days 3.41 19,887 612 999 85.0 4.4 4.0 0.7 69.4 92.1 13.6
Minimal risk 3.56 428 236 461 95.0 2.5 9.7 0.0 18.6 24.8 7.7
Low risk 2.59 2,964 816 392 57.7 7.5 3.0 0.4 30.7 83.6 26.8
Moderate risk 3.21 6,991 458 1,277 84.1 5.1 6.4 0.3 76.2 95.1 9.9
Other 3.96 2,988 371 559 80.6 9.8 7.6 3.3 33.3 85.8 12.2
  Months  
6.  More than 365 days 3.81 10,542 770 59 29.6 18.1 5.1 0.2 26.6 93.2 9.5
Minimal risk 5.00 471 655 33 15.2 18.1 7.2 0.0 18.7 89.8 33.6
Low risk 2.84 1,930 3,306 47 44.1 26.8 7.8 0.0 21.3 90.7 24.9
Moderate risk 3.73 6,646 1,721 64 15.8 16.9 2.2 0.1 21.0 96.6 4.7
Other 4.83 937 190 61 88.1 19.9 13.2 1.0 51.1 75.1 4.3
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 4.17 3,832 3.3 171 93.6 4.5 40.8 1.5 21.4 81.5 8.0
8.  100 - 999 3.93 13,199 3.2 106 88.6 11.0 38.2 0.6 19.0 72.3 11.4
9.  1,000 - 9,999 3.44 19,425 3.1 153 66.8 20.5 28.0 0.5 54.3 90.4 14.9
10.  10,000+ 3.35 40,777 2.9 365 58.0 13.1 9.1 0.0 66.0 96.7 12.3
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.71 15,748 3.2 80 73.1 3.7 241 1.1 40.0 87.9 11.0
12.  Other 3.20 61,485 3.0 303 65.7 16.8 668 0.1 56.1 90.8 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 3.43 71,992 593 1,035 65.6 14.7 17.6 0.1 54.1 91.0 13.1
Minimal risk 3.69 2,140 446 644 64.1 8.7 21.3 0.0 20.6 58.8 23.3
Low risk 2.91 11,047 788 790 53.6 12.7 19.6 0.0 36.6 81.2 20.5
Moderate risk 3.48 31,521 654 1,274 52.4 15.0 19.3 0.1 52.7 94.7 8.7
Other 3.76 15,107 345 667 76.9 28.0 24.9 0.3 39.4 88.4 14.2
 
2.  Zero interval 3.63 22,739 577 897 52.9 26.2 40.1 0.1 47.9 91.3 12.1
Minimal risk 2.79 770 1,154 487 60.6 11.7 19.0 0.1 31.3 92.1 16.5
Low risk 3.17 3,153 746 916 47.7 13.6 42.3 0.0 57.2 78.9 16.1
Moderate risk 3.69 11,162 676 1,002 42.9 20.4 42.1 0.0 49.5 92.4 10.0
Other 3.80 7,609 435 812 68.7 41.6 38.4 0.4 43.4 94.9 13.1
 
3.  Daily 2.56 2,774 1,133 503 91.7 6.0 11.3 0.0 63.5 97.9 21.4
Minimal risk 3.90 47 1,813 1,122 25.3 7.3 92.4 0.0 1.4 100.0 14.5
Low risk 3.42 213 1,552 690 67.5 42.7 41.9 0.1 1.9 99.1 10.5
Moderate risk 2.79 1,177 610 467 93.8 3.7 11.6 0.0 50.4 98.2 7.5
Other 3.44 186 928 342 88.1 14.6 21.3 0.0 25.2 97.8 28.3
 
4.  2 to 30 days 3.24 17,707 447 878 79.4 11.0 13.2 0.1 58.6 84.6 13.9
Minimal risk 3.98 596 216 876 89.3 0.6 41.3 0.0 10.7 12.0 27.5
Low risk 3.01 3,005 466 723 62.5 5.1 20.1 0.0 32.3 71.7 14.6
Moderate risk 3.44 6,249 443 997 68.2 17.0 13.5 0.0 65.6 92.8 8.9
Other 3.51 3,953 255 352 89.6 18.5 15.9 0.1 34.4 77.1 18.5
 
5.  31 to 365 days 3.36 19,058 710 1,012 85.4 4.1 2.4 0.1 70.8 92.5 14.0
Minimal risk 3.59 351 297 569 99.9 0.8 5.6 0.0 14.4 16.2 14.2
Low risk 2.55 2,833 1,010 403 57.7 7.8 2.3 0.1 30.7 83.7 27.8
Moderate risk 3.13 6,656 521 1,317 85.0 5.2 4.4 0.1 77.8 95.6 10.3
Other 3.82 2,725 404 463 79.7 7.7 3.0 0.3 34.0 85.9 13.0
  Months  
6.  More than 365 days 3.72 9,456 1,211 56 22.1 17.9 2.8 0.1 25.8 97.5 10.1
Minimal risk 5.14 376 2,205 29 2.8 22.7 0.1 0.0 22.6 99.1 38.1
Low risk 2.82 1,842 4,708 41 41.4 27.9 4.1 0.0 21.8 94.5 25.1
Moderate risk 3.67 6,172 3,976 64 9.6 16.2 1.1 0.1 19.9 99.2 4.9
Other 4.72 553 198 49 81.3 17.9 9.0 0.4 58.1 90.0 5.7
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 3.94 2,908 3.3 135 94.4 4.9 32.1 1.0 20.3 79.5 8.8
8.  100 - 999 3.80 10,848 3.1 59 88.4 12.6 34.2 0.3 16.7 70.9 12.7
9.  1,000 - 9,999 3.37 18,025 3.1 106 65.2 20.9 26.2 0.1 55.4 91.7 15.6
10.  10,000+ 3.33 40,212 2.9 367 57.6 13.1 8.1 0.0 66.1 97.0 12.4
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.66 12,637 3.1 41 68.9 3.1 304 0.3 41.6 89.5 12.2
12.  Other 3.17 59,355 3.0 290 64.9 17.1 743 0.0 56.8 91.3 13.3

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 4.57 5,241 146 1,070 89.0 7.3 59.4 2.9 34.7 79.0 4.9
Minimal risk 3.91 188 138 940 67.7 5.1 32.1 0.0 18.6 61.3 0.8
Low risk 3.50 518 215 1,655 61.7 1.9 51.0 1.9 15.1 75.4 10.3
Moderate risk 4.47 1,854 134 1,029 89.5 10.1 53.0 1.1 28.3 82.9 3.3
Other 4.91 2,494 154 997 95.1 7.1 70.5 5.0 40.7 77.0 5.7
 
2.  Zero interval 4.72 2,391 135 655 92.4 1.6 82.7 1.2 36.6 82.6 6.0
Minimal risk 3.72 7 56 415 100.0 0.0 60.9 0.0 35.1 100.0 2.9
Low risk 4.26 143 169 1,035 60.7 0.0 91.7 0.5 10.9 81.8 24.8
Moderate risk 4.45 771 115 749 92.3 4.4 76.8 0.4 19.5 89.8 4.1
Other 4.97 1,390 146 609 95.3 0.3 89.8 1.7 45.1 77.7 5.6
 
3.  Daily 4.76 290 93 590 97.0 1.6 90.8 0.7 19.2 96.0 7.1
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 4.38 31 121 373 99.8 0.0 88.7 0.0 2.1 100.0 6.0
Moderate risk 4.45 118 87 465 94.6 3.9 85.2 0.0 4.2 95.4 8.2
Other 4.75 114 94 575 98.0 0.0 95.7 1.7 21.8 94.7 7.9
 
4.  2 to 30 days 3.81 613 177 498 81.2 3.7 41.4 0.3 30.1 91.2 5.4
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 2.48 116 428 578 26.3 5.7 5.3 0.0 2.3 99.5 0.8
Moderate risk 3.94 154 160 524 96.3 8.6 38.8 0.5 36.1 91.4 3.9
Other 4.26 318 159 486 94.5 0.5 57.5 0.3 34.8 87.4 7.9
 
5.  31 to 365 days 4.61 829 147 716 74.3 12.5 41.6 13.9 36.7 83.3 3.1
Minimal risk 3.46 77 122 340 72.5 10.4 28.1 0.0 37.7 63.8 0.2
Low risk 3.50 131 159 179 57.2 0.0 18.4 6.9 30.9 82.4 3.3
Moderate risk 4.72 335 135 482 67.6 3.7 45.8 4.8 44.3 85.8 2.4
Other 5.40 263 201 1,408 89.5 31.8 54.9 34.2 26.3 85.2 4.5
  Months  
6.  More than 365 days 4.59 1,086 185 80 94.9 19.7 25.1 0.7 33.8 55.4 0.5
Minimal risk 4.44 94 172 49 64.5 0.0 35.5 0.0 3.4 52.7 0.0
Low risk 3.23 89 461 185 100.0 3.8 84.6 0.0 12.6 12.3 2.6
Moderate risk 4.52 474 205 65 97.1 25.9 15.8 0.0 34.6 63.8 0.4
Other 4.98 384 181 78 97.9 22.8 19.3 1.9 41.0 53.6 0.7
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 4.90 924 3.4 282 91.0 3.3 68.2 2.9 24.8 87.9 5.6
8.  100 - 999 4.53 2,351 3.3 321 89.6 3.4 57.0 2.0 29.7 78.7 6.0
9.  1,000 - 9,999 4.22 1,400 3.3 757 88.4 15.1 51.4 5.7 39.4 74.2 3.6
10.  10,000+ ... ... ... ... ... ... ... ... ... ... ...
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.91 3,111 3.5 238 90.2 6.2 131 4.3 33.3 81.2 5.6
12.  Other 4.07 2,130 3.2 679 87.3 8.8 176 0.9 36.8 75.7 4.0

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 2.22 29,413 8,512 346 49.8 61.7 4.2 0.0 33.4 59.4 13.1
Minimal risk 2.34 712 4,983 685 13.1 43.0 5.9 0.0 72.3 100.0 5.4
Low risk 1.76 8,671 11,645 278 46.1 74.9 2.5 0.0 28.7 70.3 7.4
Moderate risk 1.89 11,354 12,117 349 55.0 67.1 3.5 0.0 28.8 39.2 12.6
Other 3.12 7,615 5,099 304 51.5 35.7 7.1 0.0 32.6 67.9 17.6
 
2.  Zero interval 5.31 930 1,495 1,110 42.6 0.9 49.7 0.0 65.6 100.0 28.9
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 4.54 69 1,755 955 29.1 0.0 52.5 0.0 89.4 100.0 27.1
Moderate risk 4.75 152 1,089 1,315 33.2 0.4 67.8 0.0 62.0 100.0 21.0
Other 5.66 623 1,571 1,086 46.2 0.0 46.6 0.0 59.0 100.0 29.9
 
3.  Daily 1.57 9,338 18,693 58 65.9 55.8 0.1 0.0 5.0 12.6 12.3
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 1.50 1,866 14,241 21 62.2 46.2 0.0 0.0 4.3 20.1 5.1
Moderate risk 1.45 5,370 37,576 75 70.2 73.2 0.0 0.0 3.3 7.4 12.7
Other 1.93 2,098 9,960 49 58.1 20.2 0.1 0.0 9.9 19.0 18.9
 
4.  2 to 30 days 2.09 14,354 10,978 354 40.0 69.6 1.0 0.0 37.2 76.4 10.0
Minimal risk 1.99 551 8,379 646 2.5 47.9 0.0 0.0 64.7 100.0 1.4
Low risk 1.67 5,833 17,999 275 39.3 88.8 0.0 0.0 30.8 85.0 7.3
Moderate risk 2.01 4,733 11,816 503 40.6 59.2 1.8 0.0 44.6 60.9 11.6
Other 3.04 3,006 6,010 229 50.5 50.3 2.2 0.0 28.2 78.0 14.4
 
5.  31 to 365 days 3.11 3,708 4,590 584 44.7 50.7 0.4 0.0 62.3 89.7 15.5
Minimal risk 2.80 72 1,730 481 0.0 0.0 0.0 0.0 100.0 100.0 0.1
Low risk 2.31 722 3,280 613 49.9 39.3 1.7 0.0 51.1 70.3 5.4
Moderate risk 2.79 898 4,328 836 39.4 76.6 0.2 0.0 76.2 90.9 13.5
Other 3.53 1,709 5,336 374 45.2 35.2 0.0 0.0 51.4 95.0 17.7
  Months  
6.  More than 365 days 3.87 1,082 4,963 41 64.9 98.6 54.6 0.0 100.0 100.0 24.4
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 4.08 182 6,044 47 91.6 91.6 91.7 0.0 100.0 100.0 12.0
Moderate risk 4.56 202 4,304 40 75.5 100.0 100.0 0.0 100.0 100.0 17.6
Other 5.45 180 2,733 37 69.2 100.0 100.0 0.0 100.0 100.0 12.8
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 3.52 17 2.7 69 51.9 15.8 14.5 0.0 61.7 75.6 13.9
8.  100 - 999 4.00 424 3.3 104 52.6 33.1 35.4 0.0 62.4 87.6 22.1
9.  1,000 - 9,999 3.01 5,093 3.4 136 48.9 50.9 13.5 0.0 53.3 79.7 18.6
10.  10,000+ 2.02 23,879 2.9 42 50.0 64.6 1.6 0.0 28.6 54.6 11.2
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.99 1,223 3.2 602 60.6 50.1 1,787 0.0 80.1 98.3 22.1
12.  Other 2.10 28,190 2.9 35 49.4 62.3 10,173 0.0 31.3 57.8 12.5

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 3.22 42,125 714 3.0 307 63.4 26.4 12.6 0.3 36.2
Not under commitment 2.47 19,495 628 2.9 80 72.8 32.2 9.9 0.0 11.9
Informal commitment 3.47 1,198 180 3.1 302 71.2 24.9 37.6 0.1 18.9
Formal commitment 3.89 21,431 1,007 3.1 513 54.3 21.2 13.7 0.5 59.3
2.  Before survey week 11  
Up to 90 days 3.30 11,076 493 3.0 171 41.6 47.1 18.9 0.3 55.9
91 to 365 days 2.98 24,039 449 3.0 116 62.2 29.7 19.0 0.2 45.7
More than 365 days 3.15 29,407 1,138 3.1 138 69.0 19.1 17.0 0.0 61.8
 
Domestic banks
3.  During survey week 4.02 26,512 459 3.0 480 66.6 9.1 19.9 0.5 46.3
Not under commitment 3.91 7,565 250 2.8 199 80.8 7.7 25.3 0.1 22.6
Informal commitment 4.10 910 137 3.2 394 92.2 3.2 49.5 0.2 24.9
Formal commitment 4.05 18,038 865 3.0 603 59.4 10.0 16.2 0.6 57.3
4.  Before survey week 11  
Up to 90 days 3.72 7,821 355 3.2 216 54.2 30.4 24.9 0.4 56.0
91 to 365 days 3.22 18,969 357 3.2 133 69.6 16.5 23.1 0.3 50.1
More than 365 days 3.12 23,931 976 3.0 125 70.1 12.6 17.3 0.1 61.1
 
Large domestic banks
5.  During survey week 3.95 23,576 564 2.9 458 64.0 8.8 15.7 0.1 48.1
Not under commitment 3.77 6,462 255 2.7 88 78.5 7.2 20.5 0.1 18.2
Informal commitment 3.33 271 166 3.8 47 100.0 1.2 1.6 0.0 30.8
Formal commitment 4.02 16,843 1,136 3.0 607 57.9 9.5 14.0 0.1 59.8
6.  Before survey week 11  
Up to 90 days 3.67 7,284 430 3.2 209 51.4 32.3 23.8 0.3 57.7
91 to 365 days 3.10 17,573 433 3.1 141 67.7 17.7 18.8 0.1 50.9
More than 365 days 3.10 23,559 1,063 3.0 126 70.0 12.8 16.6 0.1 61.4
 
Small domestic banks
7.  During survey week 4.58 2,936 184 3.2 656 87.6 11.6 54.4 3.5 32.0
Not under commitment 4.74 1,103 222 3.3 846 94.0 10.9 53.1 0.3 48.0
Informal commitment 4.43 639 128 3.0 541 89.0 4.0 69.8 0.2 22.4
Formal commitment 4.52 1,195 199 3.2 542 80.8 16.3 47.3 8.3 22.3
8.  Before survey week 11  
Up to 90 days 4.30 538 106 3.5 312 92.7 4.6 41.0 2.2 32.7
91 to 365 days 4.73 1,395 112 3.7 45 93.7 1.0 76.3 2.7 39.1
More than 365 days 4.28 372 158 3.5 22 77.9 0.9 61.6 0.1 43.1
 
Foreign banks
9.  During survey week 1.88 15,613 12,606 3.0 13 57.9 55.8 0.2 0.0 19.1
Not under commitment 1.56 11,930 15,679 3.0 6 67.8 47.7 0.2 0.0 5.1
Informal commitment 1.46 289 6,403 2.7 11 5.0 93.3 0.0 0.0 0.0
Formal commitment 3.03 3,393 7,846 3.1 38 27.6 81.2 0.4 0.0 69.8
10.  Before survey week 11  
Up to 90 days 2.29 3,254 6,814 2.7 65 11.2 87.2 4.3 0.0 55.6
91 to 365 days 2.10 5,070 11,673 2.5 51 34.4 79.4 3.8 0.0 29.4
More than 365 days 3.27 5,476 4,196 3.4 194 64.0 47.2 15.6 0.0 64.7

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 6.05 221 107 3.7 220 89.8 48.8 77.5 20.6
2.  Domestic banks 6.05 221 107 3.7 220 89.8 48.8 77.5 20.6
3.  Large domestic banks 6.24 68 59 3.6 432 68.2 22.8 56.3 0.0
4.  Small domestic banks 5.96 154 165 3.8 127 99.3 60.2 86.9 29.6
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 3.32 50,591 1,391 3.1 122 66.8 24.6 14.4 0.1
2.  Domestic banks 3.37 40,775 1,180 3.1 113 71.8 13.5 15.4 0.1
3.  Large domestic banks 3.30 38,955 1,550 3.1 102 70.8 14.0 13.5 0.0
4.  Small domestic banks 4.85 1,820 193 3.6 344 93.6 2.6 56.9 2.5
5.  Foreign banks 3.10 9,816 5,415 2.9 160 46.0 70.9 10.0 0.0

Summary statistics All
commercial
banks
Domestic
banks
Large
domestic
banks
Small
domestic
banks
Foreign
banks
1.  Average reported prime rate 4.00 4.01 3.97 4.15 3.85
2.  Standard error of loan rate .16 .12 .12 .11 .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, 2017 , assets of the large banks were at least $5.5 billion. Median total assets for all insured banks were roughly $204 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: August 2, 2017