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

Release Date: June 17, 2009
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FEDERAL RESERVE STATISTICAL RELEASE








E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 4-8, 2009                             For immediate release
1. Commercial and industrial loans made by all commercial banks1                           June 17, 2009
Maturity/repricing interval2
and risk3 of loans		 Weighted-
average
effective
loan rate4
(percent)		 Total value of
loans
($ millions)		 Average
loan size
($ thousands)		 Weighted-
average
maturity5		 Percent of value of loans Commitment status
Secured
by
collateral		 Subject to
prepayment
penalty		 Prime based Percent
made under
commitment		 Average
months
since loan
terms set6
  Days  
 1. All C&I loans 2.21   74,275   700   419   36.5   34.4   16.5   77.4   8.9  
 2.   Minimal risk 1.28   2,953   1,184   232   17.8   55.8   9.0   43.7   5.0  
 3.   Low risk 1.70   9,775   753   283   24.2   56.2   15.5   79.7   7.7  
 4.   Moderate risk 2.32   26,719   654   358   49.9   41.3   16.2   66.4   11.8  
 5.   Other 3.07   14,164   470   273   54.2   33.5   26.9   75.5   11.5  
 
 6. Zero interval 3.26   13,837   241   516   58.1   14.1   60.1   88.2   12.5  
 7.   Minimal risk 1.74   505   654   465   71.0   4.0   22.9   44.6   10.7  
 8.   Low risk 2.52   2,139   379   439   38.1   7.1   50.1   82.7   12.3  
 9.   Moderate risk 2.95   4,940   236   591   55.6   14.8   53.6   94.3   14.1  
10.   Other 4.21   4,006   216   470   70.0   11.8   67.6   90.4   11.3  
 
11. Daily 1.31   19,817   2,491   81   29.6   63.4   6.3   40.8   4.2  
12.   Minimal risk .91   1,596   7,896   39   .9   73.1   .8   26.4   .2  
13.   Low risk 1.12   3,658   2,453   49   8.0   84.3   7.4   72.2   2.0  
14.   Moderate risk 1.13   8,667   2,294   63   55.0   72.4   6.3   17.3   12.9  
15.   Other 1.86   3,910   2,639   39   17.5   51.6   6.3   44.2   3.6  
 
16. 2 to 30 days 2.10   20,481   1,064   419   24.6   30.6   5.1   88.9   7.0  
17.   Minimal risk .72   553   1,668   209   9.9   82.0   1.3   85.7   7.3  
18.   Low risk 1.52   2,493   847   230   20.8   59.3   3.8   85.6   8.6  
19.   Moderate risk 2.75   7,988   1,118   451   29.6   33.7   6.1   83.0   6.1  
20.   Other 2.46   2,796   477   120   62.1   47.0   7.9   83.9   15.9  
 
21. 31 to 365 days 2.25   16,270   1,381   551   33.2   18.6   4.2   95.6   9.5  
22.   Minimal risk 3.02   137   169   714   37.0   5.9   14.2   90.5   2.0  
23.   Low risk 1.88   1,296   817   535   46.2   56.6   2.2   87.5   11.7  
24.   Moderate risk 2.57   4,079   884   310   66.3   30.5   6.3   97.8   17.8  
25.   Other 3.14   2,732   1,263   243   68.2   31.1   9.8   87.8   14.6  
  Months  
26. More than 365 days 3.52   3,837   421   42   71.3   44.8   25.2   88.3   15.3  
27.   Minimal risk 3.98   161   430   36   29.5   .1   67.4   28.6   5.5  
28.   Low risk 5.03   179   150   75   74.8   26.5   25.8   59.4   12.9  
29.   Moderate risk 4.95   1,035   244   43   72.4   8.2   37.8   92.6   13.6  
30.   Other 5.43   710   356   41   80.7   12.2   50.6   83.3   6.0  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   3 - 99 4.37   2,388   3.2   153   86.7   8.3   68.1   85.0   8.2  
32.   100 - 999 3.63   8,119   3.2   197   72.5   14.4   57.4   90.5   12.2  
33.   1,000 - 9,999 2.44   17,297   3.1   130   42.6   30.8   23.7   87.5   13.5  
34.   10,000+ 1.77   46,472   2.9   46   25.3   40.6   4.0   70.9   6.2  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 4.03   12,263   3.3   99   65.2   8.0   181   87.3   12.2  
36.   Other 1.85   62,012   3.0   83   30.8   39.6   1,613   75.4   8.2   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 4-8, 2009                             For immediate release
2. Commercial and industrial loans made by domestic banks1                                 June 17, 2009
Maturity/repricing interval2
and risk3 of loans		 Weighted-
average
effective
loan rate4
(percent)		 Total value of
loans
($ millions)		 Average
loan size
($ thousands)		 Weighted-
average
maturity5		 Percent of value of loans Commitment status
Secured
by
collateral		 Subject to
prepayment
penalty		 Prime based Percent
made under
commitment		 Average
months
since loan
terms set6
  Days  
 1. All C&I loans 3.19   32,190   319   518   55.7   15.3   35.0   88.9   11.7  
 2.   Minimal risk 2.32   1,004   437   410   47.2   2.0   24.8   30.9   6.8  
 3.   Low risk 2.64   3,994   327   467   46.0   7.9   31.7   78.9   11.2  
 4.   Moderate risk 3.10   15,477   391   562   49.9   13.3   26.7   94.6   11.0  
 5.   Other 3.86   7,567   261   430   75.0   15.2   45.2   93.0   13.2  
 
 6. Zero interval 3.18   12,639   223   510   58.6   14.8   60.5   88.1   12.2  
 7.   Minimal risk 1.64   427   604   405   81.2   2.9   23.6   34.5   10.3  
 8.   Low risk 2.49   1,851   341   379   34.0   6.6   44.4   80.1   10.1  
 9.   Moderate risk 2.92   4,664   226   586   56.7   15.5   54.1   94.0   14.1  
10.   Other 3.99   3,502   192   474   70.5   12.3   69.6   92.8   11.1  
 
11. Daily 2.98   2,378   342   320   30.2   8.2   48.4   66.3   12.7  
12.   Minimal risk 1.89   299   1,998   3   4.3   .0   4.4   4.8   4.5  
13.   Low risk 4.03   363   281   418   43.5   1.1   74.3   90.3   5.2  
14.   Moderate risk 2.87   1,112   315   378   25.7   14.3   47.8   77.8   18.1  
15.   Other 4.15   300   260   514   55.2   1.1   82.4   84.3   3.1  
 
16. 2 to 30 days 3.05   8,745   496   479   43.2   14.0   10.1   94.4   7.7  
17.   Minimal risk 2.87   45   165   848   37.9   .0   16.2   99.1   2.1  
18.   Low risk 2.20   996   365   373   46.2   9.4   9.6   78.7   13.9  
19.   Moderate risk 3.28   5,555   827   586   29.6   8.3   8.1   96.4   3.5  
20.   Other 3.02   1,479   267   154   87.1   24.3   7.7   96.2   19.4  
 
21. 31 to 365 days 2.85   5,800   548   285   72.9   19.7   10.6   94.3   15.9  
22.   Minimal risk 4.10   71   90   250   69.7   9.5   27.5   81.6   3.3  
23.   Low risk 2.34   612   421   375   73.7   10.8   4.7   75.0   14.6  
24.   Moderate risk 2.52   3,109   710   293   76.9   20.6   7.9   99.0   16.8  
25.   Other 3.62   1,571   815   200   74.8   17.5   16.8   96.4   16.2  
  Months  
26. More than 365 days 4.65   2,596   295   45   68.7   18.9   36.8   82.8   12.6  
27.   Minimal risk 3.98   161   430   36   29.5   .1   67.4   28.6   5.5  
28.   Low risk 5.10   160   136   80   83.3   18.2   28.7   54.8   10.3  
29.   Moderate risk 4.97   1,025   245   43   73.1   8.3   37.2   92.5   13.4  
30.   Other 5.42   705   355   41   81.1   12.1   50.8   83.1   6.0  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   3 - 99 4.37   2,370   3.2   154   87.0   8.2   68.1   84.9   8.0  
32.   100 - 999 3.75   7,429   3.3   208   76.0   12.7   60.2   90.6   11.6  
33.   1,000 - 9,999 3.01   9,371   3.2   151   57.0   20.0   38.7   91.8   15.5  
34.   10,000+ 2.78   13,020   3.0   77   37.5   14.7   12.0   86.6   9.5  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 3.95   11,271   3.3   106   65.2   8.0   169   86.5   11.3  
36.   Other 2.78   20,919   3.0   150   50.6   19.2   609   90.2   11.9   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 4-8, 2009                             For immediate release
3. Commercial and industrial loans made by large domestic banks1                           June 17, 2009
Maturity/repricing interval2
and risk3 of loans		 Weighted-
average
effective
loan rate4
(percent)		 Total value of
loans
($ millions)		 Average
loan size
($ thousands)		 Weighted-
average
maturity5		 Percent of value of loans Commitment status
Secured
by
collateral		 Subject to
prepayment
penalty		 Prime based Percent
made under
commitment		 Average
months
since loan
terms set6
  Days  
 1. All C&I loans 2.94   27,853   477   475   51.4   17.0   30.9   90.4   12.4  
 2.   Minimal risk 1.91   882   1,373   369   40.6   1.9   24.4   24.0   9.0  
 3.   Low risk 2.14   3,181   526   362   41.7   9.1   23.0   79.1   11.9  
 4.   Moderate risk 2.88   13,651   692   528   44.9   14.4   22.0   96.1   11.5  
 5.   Other 3.66   6,245   349   365   72.2   17.3   40.4   96.6   14.1  
 
 6. Zero interval 2.98   10,771   284   505   55.0   17.1   56.8   87.9   12.9  
 7.   Minimal risk 1.55   412   976   409   80.6   2.8   21.2   32.2   10.8  
 8.   Low risk 2.25   1,630   453   350   30.3   7.5   38.9   79.1   10.6  
 9.   Moderate risk 2.64   3,877   312   577   51.8   18.1   49.3   94.5   15.3  
10.   Other 3.91   2,781   249   479   67.3   15.3   63.6   94.5   11.3  
 
11. Daily 2.53   1,870   603   291   20.0   10.3   36.5   61.3   15.5  
12.   Minimal risk 1.88   298   2,802   2   3.9   .0   4.3   4.4   4.9  
13.   Low risk 2.91   129   307   267   40.2   3.2   44.2   72.7   4.0  
14.   Moderate risk 2.57   950   711   372   15.4   16.5   40.5   77.6   20.3  
15.   Other 3.97   191   388   668   37.0   1.2   72.3   98.8   3.0  
 
16. 2 to 30 days 2.95   8,138   733   486   39.6   14.9   5.6   96.8   7.8  
17.   Minimal risk 2.54   29   603   1,188   3.6   .0   1.4   98.6   2.5  
18.   Low risk 1.86   859   632   392   41.0   10.9   1.9   84.2   13.8  
19.   Moderate risk 3.23   5,223   1,612   591   25.5   8.6   3.7   98.5   3.5  
20.   Other 2.91   1,386   318   150   86.4   25.8   2.8   98.1   20.0  
 
21. 31 to 365 days 2.56   5,123   1,362   272   71.2   21.8   9.6   96.0   16.9  
22.   Minimal risk 2.16   29   572   272   46.5   19.0   33.1   98.0   3.9  
23.   Low risk 1.93   497   1,041   284   78.4   13.2   1.4   71.3   14.5  
24.   Moderate risk 2.28   2,842   1,646   275   75.5   21.6   6.2   99.8   17.5  
25.   Other 3.45   1,393   1,216   213   72.3   19.6   18.2   98.8   17.7  
  Months  
26. More than 365 days 4.02   1,930   798   32   58.4   19.0   44.2   90.5   15.1  
27.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
28.   Low risk 3.23   59   405   39   54.4   7.1   31.5   85.3   17.3  
29.   Moderate risk 4.39   753   812   32   64.4   6.3   45.4   97.7   16.4  
30.   Other 4.90   486   766   24   73.2   5.0   66.9   97.1   7.2  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   3 - 99 3.56   1,295   3.4   49   84.5   13.4   67.8   92.0   9.3  
32.   100 - 999 3.34   5,397   3.3   98   71.9   16.0   59.4   95.3   13.3  
33.   1,000 - 9,999 2.84   8,326   3.2   125   55.8   21.3   36.0   93.2   16.0  
34.   10,000+ 2.76   12,834   3.0   78   36.6   14.9   11.8   86.4   9.7  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 3.75   8,597   3.3   99   60.5   9.9   227   89.0   12.4  
36.   Other 2.57   19,256   3.0   93   47.3   20.1   934   91.0   12.3   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 4-8, 2009                             For immediate release
4. Commercial and industrial loans made by small domestic banks1                           June 17, 2009
Maturity/repricing interval2
and risk3 of loans		 Weighted-
average
effective
loan rate4
(percent)		 Total value of
loans
($ millions)		 Average
loan size
($ thousands)		 Weighted-
average
maturity5		 Percent of value of loans Commitment status
Secured
by
collateral		 Subject to
prepayment
penalty		 Prime based Percent
made under
commitment		 Average
months
since loan
terms set6
  Days  
 1. All C&I loans 4.81   4,338   102   825   83.4   4.5   61.7   79.2   6.7  
 2.   Minimal risk 5.25   122   74   709   94.6   2.0   27.9   80.7   2.1  
 3.   Low risk 4.60   814   132   897   63.1   3.1   65.8   78.0   8.1  
 4.   Moderate risk 4.75   1,826   92   871   87.7   5.3   61.9   83.1   6.6  
 5.   Other 4.78   1,322   119   741   88.5   5.3   68.0   75.7   7.3  
 
 6. Zero interval 4.34   1,869   99   541   79.3   1.4   82.2   89.0   8.4  
 7.   Minimal risk 4.10   15   51   293   99.2   6.5   89.7   99.6   5.2  
 8.   Low risk 4.25   222   121   588   61.8   .0   85.2   87.2   6.7  
 9.   Moderate risk 4.28   787   96   642   80.7   2.5   77.6   91.3   8.0  
10.   Other 4.28   721   102   459   82.9   .8   92.9   86.1   10.2  
 
11. Daily 4.61   508   132   414   67.6   .5   92.4   84.4   5.3  
12.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
13.   Low risk 4.65   234   269   461   45.3   .0   91.0   100.0   5.7  
14.   Moderate risk 4.62   162   74   408   86.0   1.0   90.3   79.4   5.5  
15.   Other 4.47   109   164   314   87.0   1.0   100.0   58.9   3.5  
 
16. 2 to 30 days 4.35   607   93   342   91.6   1.8   71.6   62.3   5.9  
17.   Minimal risk 3.45   16   72   207   98.1   .0   42.2   100.0   1.4  
18.   Low risk 4.33   137   100   128   78.8   .0   58.1   44.6   15.1  
19.   Moderate risk 4.15   332   96   468   94.2   2.9   77.5   63.7   4.0  
20.   Other 4.59   93   79   225   97.3   1.4   80.8   67.0   6.7  
 
21. 31 to 365 days 5.05   678   99   386   85.5   4.3   18.1   82.0   7.1  
22.   Minimal risk 5.42   42   57   234   85.6   2.9   23.7   70.3   2.8  
23.   Low risk 4.14   115   118   856   53.0   .0   19.2   91.0   15.1  
24.   Moderate risk 5.16   268   101   478   92.1   10.2   26.8   90.5   8.5  
25.   Other 4.90   179   228   104   94.7   .4   5.9   77.8   1.4  
  Months  
26. More than 365 days 6.45   667   105   81   98.3   18.7   15.6   60.3   1.9  
27.   Minimal risk 6.11   48   132   46   100.0   .5   8.0   77.1   .7  
28.   Low risk 6.17   102   98   97   100.0   24.6   27.1   37.2   1.0  
29.   Moderate risk 6.56   272   83   75   97.2   13.9   14.5   78.0   2.8  
30.   Other 6.57   219   162   79   98.4   28.0   15.1   52.1   .8  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   3 - 99 5.35   1,075   3.1   281   90.0   2.0   68.4   76.3   6.2  
32.   100 - 999 4.84   2,032   3.1   499   87.0   3.7   62.1   78.1   6.0  
33.   1,000 - 9,999 4.33   1,045   2.9   361   66.9   9.3   60.7   80.9   10.1  
34.   10,000+ ...   ...   ...   ...   ...   ...   ...   ...   ...  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 4.60   2,675   3.1   129   80.1   1.6   93   78.4   7.3  
36.   Other 5.14   1,663   3.0   812   88.8   9.1   121   80.5   5.9   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 4-8, 2009                                 For immediate release
5. Commercial and industrial loans made by U.S. branches and agencies of foreign banks1        June 17, 2009
Maturity/repricing interval2
and risk3 of loans		 Weighted-
average
effective
loan rate4
(percent)		 Total value of
loans
($ millions)		 Average
loan size
($ thousands)		 Weighted-
average
maturity5		 Percent of value of loans Commitment status
Secured
by
collateral		 Subject to
prepayment
penalty		 Prime based Percent
made under
commitment		 Average
months
since loan
terms set6
  Days  
 1. All C&I loans 1.47   42,085   8,419   348   21.8   49.0   2.4   68.6   6.2  
 2.   Minimal risk .75   1,950   9,924   143   2.7   83.6   .8   50.3   4.4  
 3.   Low risk 1.05   5,781   7,577   170   9.1   89.6   4.3   80.4   5.4  
 4.   Moderate risk 1.24   11,242   9,028   90   50.0   79.7   1.7   27.6   15.8  
 5.   Other 2.16   6,597   5,768   107   30.2   54.3   5.8   55.5   8.3  
 
 6. Zero interval 4.14   1,198   1,438   582   53.1   7.4   55.0   89.0   15.1  
 7.   Minimal risk 2.31   78   1,193   801   15.4   9.8   19.5   100.0   11.6  
 8.   Low risk 2.70   287   1,372   769   64.2   10.6   86.4   100.0   23.6  
 9.   Moderate risk 3.44   275   956   773   37.5   3.7   45.9   99.5   13.6  
10.   Other 5.75   504   1,894   440   66.8   8.0   53.3   74.0   12.6  
 
11. Daily 1.09   17,439   17,387   52   29.5   71.0   .5   37.3   2.2  
12.   Minimal risk .69   1,297   24,760   47   .1   89.9   .0   31.3   .0  
13.   Low risk .79   3,295   16,496   15   4.0   93.5   .0   70.2   1.5  
14.   Moderate risk .88   7,554   30,358   23   59.4   80.9   .1   8.4   5.8  
15.   Other 1.67   3,610   11,099   8   14.4   55.8   .0   40.8   3.7  
 
16. 2 to 30 days 1.39   11,736   7,174   377   10.7   43.0   1.4   84.8   6.3  
17.   Minimal risk .53   508   9,121   154   7.3   89.4   .0   84.5   7.8  
18.   Low risk 1.07   1,497   6,892   149   3.9   92.6   .0   90.2   5.6  
19.   Moderate risk 1.53   2,433   5,687   150   29.4   91.8   1.6   52.3   17.2  
20.   Other 1.83   1,317   4,295   82   34.0   72.4   8.0   70.0   10.5  
 
21. 31 to 365 days 1.92   10,470   8,729   695   11.2   17.9   .6   96.3   6.0  
22.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
23.   Low risk 1.47   683   5,133   666   21.5   97.8   .0   98.7   9.8  
24.   Moderate risk 2.72   970   4,075   364   32.4   62.2   1.0   94.0   21.2  
25.   Other 2.49   1,161   4,925   300   59.3   49.6   .3   76.2   11.9  
  Months  
26. More than 365 days 1.17   1,240   3,866   36   76.7   98.9   .9   100.0   20.1  
27.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
28.   Low risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
29.   Moderate risk 3.30   9   223   32   .4   .0   100.0   100.0   33.4  
30.   Other ...   ...   ...   ...   ...   ...   ...   ...   ...  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   3 - 99 3.58   18   3.3   50   48.1   21.1   64.5   96.6   25.5  
32.   100 - 999 2.36   689   3.0   80   34.8   33.1   28.1   89.4   19.2  
33.   1,000 - 9,999 1.77   7,926   3.1   105   25.6   43.6   6.0   82.5   10.8  
34.   10,000+ 1.38   33,452   2.9   33   20.6   50.6   .9   64.8   4.4  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 4.90   992   3.3   17   66.0   8.6   1,060   95.9   21.3  
36.   Other 1.38   41,093   2.9   48   20.7   50.0   10,113   67.9   5.7   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 4-8, 2009                                      For immediate release
6. Commercial and industrial loans by date pricing terms were set and commitment status             June 17, 2009
Date pricing terms were set
and commitment status		 Weighted-
average
effective
loan rate4
(percent)		 Amount of
loans
($ millions)		 Average
loan size
($ thousands)		 Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2
(days)		 Percent of value of loans
Secured
by
collateral		 Subject to
prepayment
penalty		 Prime based
All commercial banks
 1. During survey week 1.74   41,499   1,310   2.9   62   26.5   41.4   8.1  
 2.   Not under commitment 1.47   16,805   1,129   2.9   67   39.9   63.4   9.3  
 3.   Informal commitment 1.52   19,508   2,006   2.7   31   4.4   29.6   2.9  
 4.   Formal commitment 3.41   5,187   734   3.3   165   65.6   15.0   23.7  
    Before survey week9
 5.   Up to 90 days 3.80   7,334   451   3.3   78   36.6   14.8   20.6  
 6.   91 to 365 days 2.73   10,102   269   2.9   81   52.7   26.2   36.8  
 6.   More than 365 days 2.39   15,311   757   3.2   154   52.8   30.1   23.9  
 
Domestic banks
 8. During survey week 3.43   8,827   303   3.0   241   63.4   11.1   34.8  
 9.   Not under commitment 3.30   3,577   254   2.4   300   50.2   5.9   42.5  
10.   Informal commitment 4.33   993   121   2.9   210   77.9   6.0   55.1  
11.   Formal commitment 3.34   4,257   619   3.3   198   71.0   16.7   23.5  
    Before survey week9
12.   Up to 90 days 3.97   6,398   396   3.2   84   30.2   9.8   23.5  
13.   91 to 365 days 3.03   6,844   185   3.0   72   62.2   15.0   52.2  
14.   More than 365 days 2.57   10,091   550   3.3   115   60.8   22.6   30.7  
 
Large domestic banks
15. During survey week 2.79   6,476   792   2.9   101   56.1   12.7   26.6  
16.   Not under commitment 2.67   2,676   587   2.1   104   37.3   3.9   35.3  
17.   Informal commitment 2.82   363   228   3.3   58   72.0   14.7   46.6  
18.   Formal commitment 2.88   3,437   1,694   3.4   103   69.1   19.4   17.7  
    Before survey week9
19.   Up to 90 days 3.88   5,885   558   3.2   68   25.5   10.4   20.7  
20.   91 to 365 days 2.86   5,900   233   3.0   75   57.8   17.3   49.1  
21.   More than 365 days 2.50   9,591   667   3.3   119   60.1   23.6   28.8  
 
Small domestic banks
22. During survey week 5.21   2,351   112   3.0   626   83.2   6.6   57.4  
23.   Not under commitment 5.18   901   94   3.1   883   88.5   11.7   64.0  
24.   Informal commitment 5.19   630   95   2.7   297   81.3   .9   60.1  
25.   Formal commitment 5.27   820   169   3.1   596   78.9   5.4   48.0  
    Before survey week9
26.   Up to 90 days 5.06   514   92   3.4   268   84.1   2.4   55.2  
27.   91 to 365 days 4.14   944   81   3.1   59   89.2   .6   72.0  
28.   More than 365 days 3.83   500   126   3.2   55   72.9   4.0   67.3  
 
Foreign banks
29. During survey week 1.28   32,671   13,078   2.9   14   16.5   49.6   .9  
30.   Not under commitment .98   13,228   17,046   3.0   4   37.2   79.0   .3  
31.   Informal commitment 1.37   18,515   12,082   2.7   21   .5   30.8   .1  
32.   Formal commitment 3.74   929   4,892   2.8   10   40.8   7.1   24.2  
    Before survey week9
33.   Up to 90 days 2.60   935   8,402   3.7   36   79.9   49.4   .5  
34.   91 to 365 days 2.10   3,258   6,350   2.6   97   32.8   49.6   4.3  
35.   More than 365 days 2.04   5,221   2,783   3.1   229   37.5   44.5   10.7   
...  The number of loans was insufficient to provide a meaningful value.
Summary statistics All commercial
banks		 Domestic
banks		 Large domestic
banks		 Small domestic
banks		 Foreign
banks
Average reported prime rate 3.31   3.33   3.27   3.49   3.16  
Standard error of loan rate4 .15   .09   .11   .22   .20  

NOTES

The Survey of Terms of Business Lending collects data on gross loan extensions made during the first full business week in the middle month of each quarter. The authorized panel size for the survey is 348 domestically chartered commercial banks and 50 U.S. branches and agencies of foreign banks. The sample data are used to estimate the terms of loans extended during that week at all domestic commercial banks and all U.S. branches and agencies of foreign banks. The terms on loans extended during the survey week may differ from those extended during other weeks of the quarter. The estimates reported here are not intended to measure the average terms on all business loans in bank portfolios.

1. As of March 31, 2003, assets of the large banks were at least $3.7 billion. Median total assets for all insured banks were roughly $93 million. Assets at all U.S. branches and agencies averaged $3.3 billion.

2. The "maturity/repricing" interval measures the period from the date the loan is made until it first may be repriced or matures. For floating-rate loans that are subject to repricing at any time--such as many prime-based loans--the maturity/repricing interval is zero. For floating-rate loans that have a scheduled repricing interval, the maturity/repricing interval measures the number of days between the date the loan is made and the date on which it is next scheduled to reprice. For loans having rates that remain fixed until the loan matures (fixed-rate loans), the maturity/repricing interval measures the number of days between the date the loan is made and the date on which it matures. Loans that reprice daily mature or reprice on the business day after they are made. Because of weekends and holidays, such loans may have maturity/repricing intervals in of more thanone day; nevertheless, such loans are not included in the 2 to 30 day category.

3. A complete description of these risk categories is available in the survey instructions, available at "http://www.federalreserve.gov/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. For loans made under formal commitments, the average time interval between the date on which the loan pricing was set and the date on which the loan was made, weighted by the loan amount. For loans under informal commitment, the time interval is zero.

7. Prime-based loans are based on the lending bank's own prime rate, any other lender's prime rate, a combintation of prime rates, or a publicly reported prime rate. Loans with "other" base rates include loan rates expressed in terms of any other base rate (e.g., the federal funds rate or LIBOR) and loans for which no base rate is used to determine the loan rate.

8. See the summary statistics tables for the average reported prime rate weighted by the dollar value of loans priced relative to a prime base rate.

9. For loans made under formal commitments.

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Last update: June 17, 2009