Board of Governors of the Federal Reserve System

Survey of Terms of Business Lending - E.2

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Release Date: October 5, 2016

E.2 Survey of Terms of Business Lending
AUGUST 1-5, 2016

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 2.39 117,151 850 727 68.5 30.3 11.8 0.2 52.3 84.3 14.6
Minimal risk 2.08 2,027 405 579 63.5 27.7 15.0 0.0 33.5 75.2 13.5
Low risk 1.73 25,490 1,658 510 52.2 32.4 7.6 0.0 37.7 81.1 14.1
Moderate risk 2.27 39,318 813 737 60.8 43.1 13.7 0.2 45.3 77.6 13.4
Other 3.36 25,735 477 566 74.4 33.4 20.4 0.7 40.8 84.0 11.9
 
2.  Zero interval 3.14 20,963 404 853 62.9 28.7 45.9 0.4 44.8 95.3 12.6
Minimal risk 1.34 678 1,142 331 58.3 45.4 14.6 0.1 27.3 92.4 20.5
Low risk 2.67 2,480 587 840 59.2 14.4 47.5 0.1 55.3 86.1 14.6
Moderate risk 3.02 9,841 475 983 53.7 30.1 42.8 0.2 48.7 96.5 11.1
Other 3.67 7,124 298 744 77.4 33.4 54.3 0.9 34.8 96.7 13.4
 
3.  Daily 1.33 18,910 3,079 262 76.8 50.8 3.2 0.0 25.1 38.2 19.2
Minimal risk 2.67 94 364 1,015 65.9 0.5 46.0 0.0 3.9 100.0 10.8
Low risk 1.10 4,219 2,550 125 81.7 43.8 3.4 0.0 12.5 33.2 15.7
Moderate risk 1.08 9,739 5,303 208 71.4 74.4 1.7 0.0 16.5 26.5 21.5
Other 1.93 2,735 1,689 171 73.4 17.4 6.7 0.0 22.3 37.9 25.8
 
4.  2 to 30 days 2.13 31,033 828 671 62.5 31.5 5.4 0.1 50.6 88.8 16.1
Minimal risk 2.49 413 207 460 62.4 24.6 17.9 0.0 18.8 50.6 7.3
Low risk 1.52 8,446 1,516 378 37.1 55.1 3.1 0.0 28.4 86.8 12.0
Moderate risk 2.16 7,671 602 610 50.9 36.5 5.2 0.1 47.9 91.3 15.5
Other 2.61 6,802 452 477 67.1 29.9 8.8 0.1 30.3 78.3 11.5
 
5.  31 to 365 days 2.53 40,856 1,606 805 71.4 18.8 1.9 0.1 67.5 96.1 14.1
Minimal risk 2.30 702 377 759 63.0 13.8 6.1 0.0 46.6 65.9 8.5
Low risk 1.86 9,674 3,084 646 49.4 11.4 0.9 0.0 50.2 94.8 15.7
Moderate risk 2.55 10,146 1,119 941 65.9 28.8 1.9 0.2 61.7 96.9 13.2
Other 4.07 7,681 997 400 76.2 43.4 3.6 0.1 59.0 94.0 9.5
 Months 
6.  More than 365 days 3.55 5,128 427 54 72.2 48.1 20.3 2.5 75.9 87.6 11.2
Minimal risk 3.00 139 482 34 93.1 39.4 31.9 0.0 61.9 94.5 9.5
Low risk 3.26 667 859 49 71.5 45.4 38.6 0.2 67.1 93.7 8.7
Moderate risk 3.46 1,825 631 58 55.0 56.4 20.1 1.7 80.7 83.3 5.7
Other 4.30 1,292 287 61 85.7 28.0 23.6 7.6 62.2 82.5 8.2
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 3.89 3,241 3.3 176 92.8 5.1 43.7 1.9 15.7 78.4 8.9
8.  100 - 999 3.43 11,417 3.2 123 85.6 13.3 40.4 0.8 22.7 81.4 11.3
9.  1,000 - 9,999 2.71 24,461 3.1 137 64.9 26.8 20.8 0.5 55.9 89.8 15.8
10.  10,000+ 2.07 78,032 2.9 68 66.1 34.9 3.5 0.0 57.1 83.2 14.9
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.13 13,824 3.3 111 77.0 7.4 231 0.8 40.8 90.7 12.7
12.  Other 2.15 103,327 3.0 88 67.3 33.4 1,324 0.2 53.9 83.4 14.9

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 2.61 82,134 612 885 74.5 13.0 14.7 0.3 59.9 94.4 16.2
Minimal risk 2.16 1,669 343 601 67.0 24.7 15.7 0.1 27.9 73.8 14.7
Low risk 2.11 15,580 1,071 648 53.3 7.5 10.1 0.1 44.0 92.1 17.9
Moderate risk 2.76 25,112 530 927 65.5 21.3 18.6 0.3 54.7 95.4 14.2
Other 3.46 16,139 307 749 82.1 21.3 29.0 1.1 39.7 90.1 14.0
 
2.  Zero interval 3.09 20,070 390 799 62.6 30.0 44.0 0.4 45.4 95.1 12.3
Minimal risk 1.34 671 1,144 332 57.8 45.9 14.7 0.1 27.3 92.3 20.8
Low risk 2.59 2,325 553 822 57.4 15.4 44.3 0.2 58.3 85.2 15.6
Moderate risk 2.99 9,418 457 887 52.7 31.5 41.0 0.2 49.4 96.3 10.8
Other 3.61 6,821 288 725 78.3 34.9 52.7 0.9 34.9 96.6 12.9
 
3.  Daily 2.35 5,401 960 916 92.6 1.7 11.2 0.0 75.4 99.4 22.1
Minimal risk 2.79 87 338 1,190 63.1 0.5 49.9 0.0 4.3 100.0 11.7
Low risk 2.16 732 478 775 94.8 0.7 19.6 0.1 51.1 100.0 24.5
Moderate risk 2.17 1,714 1,027 1,163 84.7 1.8 9.6 0.0 70.7 99.9 24.6
Other 3.56 757 543 598 99.0 3.5 24.0 0.0 65.9 98.1 32.4
 
4.  2 to 30 days 2.51 19,592 541 835 81.7 7.1 7.8 0.1 59.5 91.2 20.0
Minimal risk 3.33 259 132 700 92.3 1.1 28.6 0.0 9.6 21.1 6.9
Low risk 2.24 3,397 656 393 50.8 7.6 7.8 0.0 23.3 84.2 22.7
Moderate risk 2.50 4,521 365 617 70.3 9.9 7.5 0.1 41.9 93.8 16.6
Other 3.04 3,772 258 666 88.1 13.6 13.9 0.2 40.4 81.9 12.3
 
5.  31 to 365 days 2.32 33,276 1,358 851 74.5 6.3 2.0 0.1 66.4 96.4 16.3
Minimal risk 2.48 582 326 888 63.5 15.1 7.3 0.0 40.8 70.0 9.2
Low risk 1.88 8,693 2,985 648 49.4 5.1 0.9 0.1 47.5 96.5 16.7
Moderate risk 2.64 7,831 892 903 75.9 14.5 2.4 0.2 61.2 97.1 16.1
Other 3.40 3,682 499 503 75.6 8.7 5.4 0.2 40.2 88.7 15.7
 Months 
6.  More than 365 days 3.57 3,533 304 60 72.9 30.9 10.2 3.7 65.0 82.0 6.4
Minimal risk 2.38 70 265 28 94.2 18.8 3.9 0.0 24.5 89.2 1.3
Low risk 2.91 429 597 50 58.8 25.8 12.9 0.3 48.8 90.1 9.0
Moderate risk 3.34 1,532 539 61 53.4 49.4 6.2 2.0 77.0 80.1 5.4
Other 4.14 1,007 231 68 94.6 19.9 14.1 9.8 51.5 77.5 4.8
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 3.89 3,227 3.3 176 93.0 5.1 43.7 1.9 15.6 78.4 8.8
8.  100 - 999 3.45 10,948 3.2 120 87.1 12.4 41.0 0.9 21.0 81.3 10.9
9.  1,000 - 9,999 2.81 19,156 3.1 133 68.7 19.8 23.3 0.6 56.3 94.0 15.9
10.  10,000+ 2.27 48,804 2.8 75 72.7 11.0 3.6 0.0 73.1 98.6 17.7
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.11 12,109 3.3 54 77.9 2.1 205 0.9 37.0 89.4 12.3
12.  Other 2.35 70,025 2.9 106 73.9 14.9 931 0.2 63.9 95.3 16.8

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 2.53 76,799 763 888 73.8 13.5 12.3 0.1 61.8 95.3 16.9
Minimal risk 2.08 1,519 416 622 64.6 27.0 13.4 0.1 26.0 76.1 15.6
Low risk 2.07 15,089 1,236 656 53.4 7.6 9.1 0.1 44.0 92.1 18.2
Moderate risk 2.65 23,157 670 934 63.4 22.6 15.7 0.0 56.4 96.3 15.0
Other 3.39 13,642 357 709 81.2 23.9 24.7 0.2 41.9 92.2 15.5
 
2.  Zero interval 2.96 17,766 511 846 59.4 33.8 39.4 0.2 48.1 95.4 13.2
Minimal risk 1.31 666 1,271 331 57.7 46.3 14.3 0.1 27.5 92.2 20.9
Low risk 2.51 2,143 607 873 58.8 16.7 43.9 0.1 57.9 83.9 15.8
Moderate risk 2.88 8,454 609 934 49.0 35.0 36.2 0.0 53.0 96.2 11.6
Other 3.47 5,779 378 776 75.1 41.1 46.4 0.4 38.0 98.4 14.1
 
3.  Daily 2.21 5,056 1,971 950 92.6 1.4 7.1 0.0 77.9 99.9 23.1
Minimal risk 2.75 83 379 1,266 62.9 0.5 47.6 0.0 0.0 100.0 12.2
Low risk 2.01 681 633 808 94.5 0.7 13.8 0.1 52.3 100.0 25.6
Moderate risk 2.02 1,577 2,032 1,231 83.6 1.8 5.2 0.0 72.8 99.9 26.6
Other 3.34 629 2,729 622 99.0 1.5 11.4 0.0 72.6 99.4 37.1
 
4.  2 to 30 days 2.48 18,912 574 854 82.2 7.3 6.8 0.1 60.8 91.2 20.6
Minimal risk 3.34 248 131 648 92.0 0.5 27.5 0.0 8.0 17.8 8.5
Low risk 2.24 3,302 696 399 50.9 7.8 7.1 0.0 22.4 83.8 23.2
Moderate risk 2.46 4,376 387 626 69.5 10.2 6.6 0.1 42.2 93.8 17.0
Other 3.05 3,355 258 717 91.1 15.3 10.8 0.1 43.5 80.6 13.7
 
5.  31 to 365 days 2.28 32,255 1,743 860 74.5 6.4 1.2 0.0 67.5 97.3 16.6
Minimal risk 2.40 464 509 1,098 55.5 18.8 0.0 0.0 38.4 77.0 10.4
Low risk 1.87 8,575 3,484 655 49.7 5.1 0.6 0.0 47.9 96.7 16.9
Moderate risk 2.58 7,542 1,232 917 75.5 14.7 1.3 0.0 62.4 97.4 16.6
Other 3.43 3,235 537 457 76.0 9.8 3.4 0.1 42.1 92.6 16.9
 Months 
6.  More than 365 days 3.32 2,552 361 53 63.5 33.5 11.8 0.1 65.4 92.1 7.8
Minimal risk 1.90 58 594 24 100.0 22.7 0.0 0.0 24.6 99.6 1.4
Low risk 2.75 385 996 48 54.2 23.3 12.9 0.3 50.9 90.7 9.8
Moderate risk 2.95 1,111 824 59 36.7 62.1 6.7 0.1 78.3 93.0 6.3
Other 4.31 544 212 48 91.3 9.4 21.3 0.1 43.8 89.6 7.6
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 3.62 2,376 3.3 153 93.8 6.2 34.8 1.1 11.1 76.2 10.0
8.  100 - 999 3.28 8,764 3.2 87 86.5 14.3 35.6 0.3 19.4 80.4 12.5
9.  1,000 - 9,999 2.73 17,388 3.1 79 67.1 20.8 21.7 0.0 57.9 95.4 17.0
10.  10,000+ 2.26 48,270 2.8 71 72.9 11.1 3.6 0.0 73.4 98.9 17.8
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.04 9,467 3.3 57 74.3 2.4 259 0.4 41.4 89.9 14.2
12.  Other 2.31 67,332 2.9 80 73.7 15.1 1,051 0.0 64.6 96.1 17.3

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 3.88 5,336 158 840 84.3 5.7 49.5 4.0 33.8 81.0 4.1
Minimal risk 3.01 150 124 437 91.5 1.6 38.8 0.0 47.5 50.1 1.5
Low risk 3.21 491 209 404 51.0 4.8 41.7 0.4 45.8 93.6 8.7
Moderate risk 4.07 1,955 152 827 90.0 5.1 53.0 3.4 34.1 84.9 3.0
Other 3.87 2,497 175 973 87.0 7.1 52.4 5.9 27.6 78.9 4.0
 
2.  Zero interval 4.11 2,304 137 375 87.0 0.4 79.2 2.5 24.6 92.6 5.3
Minimal risk 4.01 5 87 761 71.9 0.0 61.6 0.0 4.0 100.0 9.9
Low risk 3.52 182 270 179 40.7 0.0 48.7 0.3 63.5 99.5 13.7
Moderate risk 3.97 963 143 386 85.4 0.1 83.0 2.0 17.1 97.0 3.7
Other 4.39 1,042 125 382 95.9 0.7 87.9 3.7 17.7 86.5 5.4
 
3.  Daily 4.33 345 113 429 92.9 5.7 71.3 0.0 38.6 91.7 5.5
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 4.15 51 112 361 99.6 0.0 96.2 0.0 34.6 100.0 10.1
Moderate risk 3.90 138 154 402 98.0 1.8 60.2 0.0 46.3 100.0 2.3
Other 4.69 127 110 483 99.0 13.5 86.3 0.0 32.9 92.2 7.8
 
4.  2 to 30 days 3.09 680 208 290 67.8 1.0 37.2 1.0 25.5 92.7 4.0
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 2.53 96 221 203 46.5 2.4 31.6 0.0 55.1 98.6 7.4
Moderate risk 3.72 144 136 327 95.0 1.7 33.9 1.0 32.8 93.6 4.5
Other 2.98 417 260 288 63.6 0.0 39.3 1.3 15.2 92.6 3.1
 
5.  31 to 365 days 3.44 1,022 170 564 73.7 3.3 25.2 2.3 29.7 67.9 2.5
Minimal risk 2.77 118 135 290 95.0 0.7 36.1 0.0 50.3 42.7 1.0
Low risk 2.42 118 262 134 31.8 0.3 25.8 1.1 21.6 80.7 2.4
Moderate risk 4.24 289 109 505 88.1 9.4 29.4 5.8 28.2 89.8 2.2
Other 3.21 446 330 822 72.6 1.1 20.3 1.2 26.8 60.7 3.0
 Months 
6.  More than 365 days 4.19 982 216 79 97.6 24.0 6.0 13.0 63.9 55.7 0.4
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 4.39 43 131 71 99.2 47.8 12.8 0.0 30.1 84.9 1.6
Moderate risk 4.36 420 281 66 97.7 15.8 4.7 7.0 73.6 45.9 0.6
Other 3.93 463 258 93 98.4 32.1 5.7 21.2 60.4 63.3 0.1
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 4.65 851 3.4 235 90.7 2.0 68.7 4.1 28.3 84.5 5.9
8.  100 - 999 4.12 2,183 3.3 252 89.6 4.7 62.6 3.2 27.7 84.9 5.2
9.  1,000 - 9,999 3.57 1,767 3.4 671 83.8 10.4 39.1 6.3 40.6 79.5 2.2
10.  10,000+ ... ... ... ... ... ... ... ... ... ... ...
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.37 2,642 3.4 45 90.9 1.2 117 2.7 21.4 87.7 5.3
12.  Other 3.40 2,693 3.3 762 77.9 10.1 242 5.3 46.0 74.5 2.7

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 1.86 35,017 9,953 382 54.4 70.9 4.9 0.0 34.5 60.5 8.7
Minimal risk 1.71 358 2,543 503 47.4 41.7 11.6 0.0 59.7 81.9 8.5
Low risk 1.15 9,910 12,048 314 50.5 71.6 3.6 0.0 27.7 63.7 5.3
Moderate risk 1.41 14,206 14,748 429 52.6 81.8 5.0 0.0 28.8 46.3 10.5
Other 3.18 9,596 6,735 288 61.4 53.6 6.0 0.0 42.6 73.7 7.7
 
2.  Zero interval 4.10 893 2,296 1,890 71.6 0.0 87.5 0.0 30.5 100.0 17.0
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 3.90 155 6,422 1,039 85.6 0.0 95.9 0.0 10.3 100.0 2.0
Moderate risk 3.67 423 4,231 2,779 75.3 0.0 84.7 0.0 34.4 100.0 17.7
Other 4.88 303 1,203 1,133 58.7 0.0 89.7 0.0 34.1 100.0 23.6
 
3.  Daily 0.92 13,509 26,030 29 70.5 70.4 0.1 0.0 5.0 13.7 10.9
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 0.87 3,487 28,685 38 79.0 52.9 0.0 0.0 4.4 19.2 6.0
Moderate risk 0.85 8,025 48,164 27 68.6 89.9 0.1 0.0 4.9 10.9 15.5
Other 1.31 1,979 8,713 18 63.6 22.7 0.1 0.0 5.6 14.9 9.0
 
4.  2 to 30 days 1.49 11,441 9,026 412 29.6 73.2 1.1 0.0 35.3 84.6 8.9
Minimal risk 1.08 154 4,899 382 12.3 63.9 0.0 0.0 34.1 100.0 7.5
Low risk 1.03 5,049 12,864 369 27.9 87.0 0.0 0.0 31.8 88.5 5.2
Moderate risk 1.66 3,151 8,757 601 23.0 74.7 1.9 0.0 56.6 87.7 13.7
Other 2.08 3,030 6,461 274 40.9 50.2 2.3 0.0 17.8 73.7 10.3
 
5.  31 to 365 days 3.47 7,579 8,022 610 57.5 73.7 1.6 0.0 72.7 94.7 4.2
Minimal risk 1.45 120 1,586 281 60.5 7.6 0.0 0.0 74.9 46.1 3.0
Low risk 1.63 981 4,356 628 49.0 67.6 0.3 0.0 74.5 79.6 5.0
Moderate risk 2.27 2,315 8,016 1,070 31.9 76.9 0.5 0.0 63.5 96.1 3.5
Other 4.68 3,999 12,298 314 76.7 75.3 1.9 0.0 76.3 98.8 4.3
 Months 
6.  More than 365 days 3.51 1,595 4,008 40 70.4 86.2 42.6 0.0 100.0 100.0 19.9
Minimal risk 3.63 69 2,864 41 91.9 60.4 60.4 0.0 100.0 100.0 16.9
Low risk 3.87 239 4,029 47 94.4 80.7 84.7 0.0 100.0 100.0 8.3
Moderate risk 4.09 293 6,083 40 63.2 93.2 93.2 0.0 100.0 100.0 7.1
Other 4.87 285 1,880 35 54.6 56.9 56.9 0.0 100.0 100.0 17.7
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 3.49 14 3.0 166 53.2 13.5 29.9 0.0 36.2 83.9 15.3
8.  100 - 999 3.02 470 3.1 184 49.4 33.9 27.1 0.0 61.2 82.3 18.4
9.  1,000 - 9,999 2.38 5,305 3.2 149 51.1 52.3 11.7 0.0 54.4 74.9 15.7
10.  10,000+ 1.74 29,228 3.0 57 55.0 75.0 3.3 0.0 30.5 57.6 6.8
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.28 1,715 3.1 510 70.6 44.9 2,685 0.0 67.8 99.2 15.5
12.  Other 1.73 33,302 3.0 50 53.5 72.3 11,566 0.0 32.8 58.5 8.1

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 2.31 37,718 840 3.1 96 72.4 46.3 9.2 0.2 35.5
Not under commitment 1.56 18,422 709 2.9 74 78.9 51.0 7.0 0.0 6.0
Informal commitment 3.14 991 168 3.3 368 76.7 21.5 29.6 2.0 29.9
Formal commitment 3.02 18,305 1,404 3.3 104 65.7 43.0 10.2 0.3 65.4
2.  Before survey week 11  
Up to 90 days 2.51 14,613 543 2.9 132 50.2 45.3 16.0 0.9 51.9
91 to 365 days 2.40 24,138 633 2.9 98 66.8 22.9 14.8 0.2 56.8
More than 365 days 2.41 40,682 1,460 3.0 66 72.4 14.5 11.0 0.0 65.5
 
Domestic banks
3.  During survey week 2.99 16,528 380 3.1 185 76.7 15.0 18.1 0.5 47.7
Not under commitment 3.55 4,602 183 2.9 285 86.9 7.2 27.8 0.1 16.3
Informal commitment 3.58 832 142 3.4 436 91.0 7.1 35.2 2.3 35.6
Formal commitment 2.71 11,095 888 3.2 124 71.4 18.8 12.9 0.5 61.6
4.  Before survey week 11  
Up to 90 days 3.08 9,285 350 3.0 193 70.9 18.8 23.9 1.5 56.2
91 to 365 days 2.51 20,562 545 2.9 83 72.8 12.7 15.6 0.2 60.6
More than 365 days 2.38 35,759 1,345 3.0 43 75.4 10.7 10.3 0.0 66.2
 
Large domestic banks
5.  During survey week 2.81 13,742 480 3.1 119 76.1 16.7 14.0 0.1 50.7
Not under commitment 3.32 3,589 179 2.8 145 86.4 7.0 26.6 0.1 8.9
Informal commitment 2.64 248 173 3.6 30 99.4 0.0 2.6 1.2 27.9
Formal commitment 2.63 9,905 1,389 3.2 111 71.7 20.6 9.7 0.1 66.4
6.  Before survey week 11  
Up to 90 days 2.96 8,186 409 3.0 131 67.8 19.9 18.9 0.2 59.1
91 to 365 days 2.43 19,418 696 2.9 86 71.8 13.5 12.9 0.1 62.1
More than 365 days 2.37 35,453 1,471 3.0 43 75.4 10.8 9.9 0.0 66.5
 
Small domestic banks
7.  During survey week 3.86 2,786 187 3.4 510 79.9 6.6 38.5 2.2 32.9
Not under commitment 4.37 1,012 198 3.4 779 88.8 8.0 32.1 0.4 42.7
Informal commitment 3.98 584 133 3.3 609 87.5 10.1 48.9 2.8 38.8
Formal commitment 3.36 1,189 222 3.4 232 68.6 3.7 38.7 3.4 21.7
8.  Before survey week 11  
Up to 90 days 3.95 1,099 169 3.5 652 93.6 10.6 60.8 11.2 34.4
91 to 365 days 3.98 1,144 117 3.4 23 89.5 0.3 63.1 2.7 35.0
More than 365 days 3.49 306 123 3.1 27 72.2 0.2 58.7 0.1 35.7
 
Foreign banks
9.  During survey week 1.78 21,190 15,255 3.1 28 69.1 70.8 2.2 0.0 26.0
Not under commitment 0.89 13,821 17,268 2.9 5 76.2 65.6 0.1 0.0 2.6
Informal commitment 0.86 159 3,737 2.9 13 1.7 96.6 0.6 0.0 0.0
Formal commitment 3.50 7,210 13,202 3.4 72 57.0 80.3 6.2 0.0 71.4
10.  Before survey week 11  
Up to 90 days 1.52 5,328 13,083 2.7 25 14.0 91.5 2.2 0.0 44.5
91 to 365 days 1.75 3,576 7,916 2.5 187 32.3 81.5 9.7 0.0 34.7
More than 365 days 2.63 4,923 3,876 3.3 234 50.6 41.6 16.1 0.0 60.4

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 4.17 270 107 3.6 1,671 91.6 40.9 40.3 55.1
2.  Domestic banks 4.17 270 107 3.6 1,671 91.6 40.9 40.3 55.1
3.  Large domestic banks 5.63 55 55 3.4 146 76.0 16.6 67.8 0.0
4.  Small domestic banks 3.80 215 141 3.7 2,057 95.6 47.1 33.4 69.1
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 2.58 61,322 2,293 3.0 125 78.1 24.6 9.2 0.2
2.  Domestic banks 2.47 49,237 1,974 3.0 107 83.6 11.4 9.1 0.3
3.  Large domestic banks 2.41 47,432 3,075 3.0 80 83.4 11.6 8.3 0.0
4.  Small domestic banks 4.06 1,805 190 3.2 810 89.1 7.0 31.3 8.2
5.  Foreign banks 3.05 12,085 6,695 3.1 196 55.9 78.5 9.6 0.0

Summary statistics All
commercial
banks
Domestic
banks
Large
domestic
banks
Small
domestic
banks
Foreign
banks
1.  Average reported prime rate 3.53 3.56 3.53 3.66 3.31
2.  Standard error of loan rate .30 .17 .16 .25 .54

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 June 30, 2016 , assets of the large banks were at least $5.4 billion. Median total assets for all insured banks were roughly $188 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 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: October 5, 2016