Board of Governors of the Federal Reserve System

Survey of Terms of Business Lending - E.2

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Release Date: March 31, 2015

E.2 Survey of Terms of Business Lending
FEBRUARY 2-6, 2015

1. Commercial and industrial loans made by all commercial banks 1
Maturity/repricing
interval 2 and
risk 3 of loans
Weighted-
average
effective
loan rate 4
(percent)
Total value
of loans
($ millions)
Average
loan size
($ thousands)
Weighted-
average
maturity 5
Percent of value of loans Commitment status
Secured
by
collateral
Subject to
prepayment
penalty
Prime
based
SBA
backed 6
Made under
participation
or syndication 7
Percent
made under
commitment
Average
months
since loan
terms set 8
 Days 
1.  All C&I loans 2.12 105,869 717 762 37.6 29.2 14.9 0.3 53.2 82.6 14.5
Minimal risk 1.81 2,608 1,077 879 59.4 5.8 7.7 0.0 63.0 93.0 7.8
Low risk 1.45 24,399 1,506 615 19.2 34.9 7.7 0.1 42.2 78.9 13.7
Moderate risk 2.05 49,500 787 795 38.8 26.9 13.8 0.1 57.7 83.0 15.4
Other 2.76 22,575 429 634 49.3 31.4 22.9 0.6 47.0 81.3 14.1
 
2.  Zero interval 2.95 24,315 401 874 50.4 20.8 44.0 0.4 52.7 96.5 13.9
Minimal risk 1.27 558 932 558 58.8 10.9 12.8 0.2 51.4 95.1 8.7
Low risk 2.18 3,081 605 936 35.0 19.9 34.9 0.0 60.5 93.1 9.9
Moderate risk 2.77 12,487 479 939 44.1 21.4 42.0 0.1 57.1 97.3 14.7
Other 3.66 7,690 287 787 65.8 22.4 54.3 0.9 42.4 98.2 14.4
 
3.  Daily 1.01 16,485 2,772 210 33.9 49.6 3.0 0.3 23.6 38.1 16.8
Minimal risk 1.72 103 376 524 70.3 0.2 28.6 0.1 18.7 70.2 2.7
Low risk 0.86 5,260 2,951 191 4.6 47.3 1.8 0.2 24.0 38.7 21.1
Moderate risk 0.97 8,198 3,635 251 55.7 57.2 3.4 0.2 25.3 37.9 18.8
Other 1.34 2,849 1,957 115 24.0 33.5 2.8 0.8 17.7 34.9 4.0
 
4.  2 to 30 days 1.82 50,227 1,068 764 29.2 27.2 4.4 0.0 59.0 88.2 15.2
Minimal risk 1.24 530 2,365 422 30.7 4.9 1.8 0.0 48.1 99.9 20.6
Low risk 1.36 13,826 2,492 672 19.0 33.9 2.6 0.0 42.0 91.1 13.4
Moderate risk 1.88 24,324 1,014 867 28.8 20.6 3.3 0.0 68.5 89.1 16.2
Other 2.21 9,594 641 539 39.2 40.7 6.1 0.2 54.8 79.1 16.3
 
5.  31 to 365 days 3.07 8,155 521 1,000 41.1 15.4 16.3 0.4 58.5 87.7 10.3
Minimal risk 1.87 399 496 324 65.2 8.9 22.6 0.0 50.2 74.6 4.6
Low risk 1.96 1,344 531 507 29.7 33.2 4.7 0.0 45.1 69.2 16.0
Moderate risk 2.56 2,952 660 825 35.4 16.2 6.4 0.7 59.0 92.4 12.6
Other 3.62 1,220 266 802 60.0 21.2 5.4 0.7 62.7 94.0 11.3
 Months 
6.  More than 365 days 3.15 5,783 430 50 65.4 36.0 15.3 1.3 78.2 92.9 9.0
Minimal risk 2.39 1,017 2,028 50 71.3 2.9 0.0 0.0 86.8 97.7 1.8
Low risk 2.98 879 708 50 38.4 30.1 32.9 0.0 87.4 92.7 9.4
Moderate risk 3.74 1,453 300 49 67.9 33.2 21.2 0.5 65.3 90.9 7.8
Other 3.88 1,169 293 49 73.4 21.3 19.3 1.0 71.0 87.8 7.9
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 3.77 3,482 3.3 179 89.8 6.6 52.4 1.6 15.5 77.9 7.2
8.  100 - 999 3.34 12,795 3.2 135 80.8 13.6 44.7 0.9 27.1 83.8 11.2
9.  1,000 - 9,999 2.45 25,183 3.1 131 45.3 27.6 23.3 0.2 60.2 90.5 15.2
10.  10,000+ 1.66 64,410 2.8 78 23.2 34.2 3.6 0.1 57.7 79.6 15.3
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.01 15,756 3.3 107 68.2 5.6 213 0.9 47.8 88.2 12.4
12.  Other 1.79 90,113 2.9 100 32.2 33.3 1,221 0.1 54.1 81.7 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 2.52 73,277 510 929 42.0 11.7 19.7 0.3 61.7 94.1 16.0
Minimal risk 1.55 1,480 708 514 53.5 8.9 13.6 0.1 49.6 93.6 12.6
Low risk 1.82 14,443 939 801 31.2 7.8 10.4 0.1 53.4 92.1 18.7
Moderate risk 2.39 37,199 603 972 36.5 11.6 16.9 0.2 68.0 95.2 16.3
Other 3.24 15,270 297 793 61.1 19.1 31.6 0.9 53.1 94.2 15.9
 
2.  Zero interval 2.92 23,672 393 862 50.5 21.4 42.8 0.4 52.1 96.4 13.9
Minimal risk 1.27 558 932 558 58.8 10.9 12.8 0.2 51.4 95.1 8.7
Low risk 2.11 2,962 584 894 36.2 20.7 32.3 0.0 61.2 92.8 10.2
Moderate risk 2.75 12,161 471 928 44.3 22.0 40.9 0.1 56.4 97.2 14.7
Other 3.63 7,492 282 781 65.5 22.9 53.3 0.9 41.3 98.2 14.1
 
3.  Daily 1.94 4,010 739 816 26.5 0.4 12.0 1.3 78.0 99.1 25.3
Minimal risk 2.52 56 214 1,697 99.7 0.3 53.1 0.2 34.7 99.6 3.5
Low risk 1.59 1,279 764 783 19.0 0.4 7.5 0.9 79.6 98.1 33.5
Moderate risk 1.93 2,421 1,167 849 24.0 0.2 10.8 0.7 82.4 99.8 23.4
Other 3.53 228 183 496 73.3 2.5 34.7 9.9 31.5 98.0 8.0
 
4.  2 to 30 days 2.10 36,002 790 901 35.4 6.9 6.1 0.1 67.5 93.4 18.0
Minimal risk 1.20 485 2,336 417 32.7 1.4 1.9 0.0 46.6 99.9 22.5
Low risk 1.65 8,712 1,693 753 28.8 3.7 4.1 0.0 45.7 93.9 19.5
Moderate risk 2.10 18,869 803 994 30.8 5.6 4.2 0.0 75.6 93.2 17.6
Other 2.65 6,077 420 734 52.3 17.6 9.6 0.3 70.1 90.9 19.4
 
5.  31 to 365 days 3.20 6,806 455 1,092 41.8 8.2 17.9 0.5 59.5 90.8 10.6
Minimal risk 2.10 293 443 380 66.7 12.1 30.8 0.0 58.3 84.9 5.5
Low risk 2.35 923 400 529 41.8 17.1 6.2 0.0 49.2 67.8 23.2
Moderate risk 2.64 2,573 605 893 34.0 12.6 4.4 0.8 61.6 97.9 12.5
Other 3.22 845 188 788 60.0 4.7 7.8 1.0 53.3 95.3 13.6
 Months 
6.  More than 365 days 3.66 2,571 203 51 75.6 18.0 10.5 0.8 54.2 84.1 7.5
Minimal risk 2.74 87 252 31 60.5 33.8 0.0 0.0 35.8 73.5 5.4
Low risk 2.65 557 475 54 51.7 3.4 7.8 0.0 80.1 88.4 8.0
Moderate risk 3.78 1,088 231 49 77.0 25.1 9.0 0.7 53.9 87.8 6.7
Other 4.31 575 155 52 90.7 15.6 11.6 2.0 41.5 75.3 11.2
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 3.77 3,464 3.3 178 90.0 6.6 52.6 1.7 15.3 77.9 7.2
8.  100 - 999 3.36 12,253 3.2 126 82.4 12.6 45.6 0.9 25.1 83.8 11.1
9.  1,000 - 9,999 2.63 18,920 3.1 87 50.2 17.0 27.2 0.2 60.4 94.8 16.5
10.  10,000+ 2.08 38,640 2.8 43 20.8 9.3 4.8 0.0 78.1 98.5 17.8
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.02 14,423 3.3 54 71.5 1.2 197 1.0 44.2 87.2 12.3
12.  Other 2.15 58,854 2.9 79 34.7 14.3 834 0.1 66.0 95.8 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 2.40 68,595 638 935 39.2 12.0 17.1 0.2 63.4 95.1 16.6
Minimal risk 1.22 1,244 1,051 479 46.5 10.4 5.7 0.1 49.2 97.6 14.3
Low risk 1.74 13,795 1,191 800 28.8 8.1 9.2 0.1 53.0 93.4 19.1
Moderate risk 2.28 35,184 777 984 34.0 11.7 14.4 0.1 69.8 95.8 16.9
Other 3.13 13,756 362 788 57.9 20.5 27.6 0.5 56.0 95.1 16.9
 
2.  Zero interval 2.80 21,535 510 902 48.0 23.1 39.4 0.2 54.4 97.8 14.4
Minimal risk 1.20 545 1,208 560 58.0 11.1 11.4 0.2 52.0 95.5 8.8
Low risk 2.04 2,790 731 929 34.2 21.9 29.8 0.0 62.3 92.4 10.4
Moderate risk 2.61 11,095 648 968 41.4 23.5 37.5 0.0 58.8 98.8 15.3
Other 3.55 6,766 349 812 63.3 25.1 49.4 0.4 43.8 99.0 14.7
 
3.  Daily 1.71 3,655 1,620 837 19.7 0.2 4.6 1.3 82.3 99.1 27.4
Minimal risk 2.01 34 171 217 99.6 0.2 22.8 0.3 0.0 99.7 5.8
Low risk 1.51 1,243 1,178 783 16.9 0.0 4.8 0.9 81.7 98.1 34.4
Moderate risk 1.73 2,214 2,977 894 17.2 0.2 4.0 0.7 87.6 99.8 25.2
Other 2.93 152 733 379 61.0 1.6 6.3 14.2 28.6 97.1 8.6
 
4.  2 to 30 days 2.08 35,409 857 906 34.5 6.9 5.2 0.0 68.0 93.3 18.2
Minimal risk 1.18 475 2,545 417 31.3 1.5 0.0 0.0 47.6 99.9 23.0
Low risk 1.64 8,657 1,774 752 28.4 3.8 3.9 0.0 45.7 93.9 19.6
Moderate risk 2.09 18,715 853 999 30.3 5.4 3.7 0.0 75.9 93.3 17.7
Other 2.59 5,707 471 736 49.7 18.7 6.3 0.2 71.9 90.4 20.2
 
5.  31 to 365 days 3.11 6,121 585 1,127 37.7 8.8 16.2 0.2 60.3 95.0 11.2
Minimal risk 1.21 152 536 367 47.4 23.2 0.5 0.0 67.9 96.7 9.3
Low risk 1.97 707 462 587 26.2 21.1 2.7 0.0 36.1 80.8 25.2
Moderate risk 2.53 2,418 951 924 32.7 13.1 2.9 0.2 62.8 99.1 12.9
Other 3.00 742 227 798 56.5 4.8 3.1 0.5 57.2 97.5 15.0
 Months 
6.  More than 365 days 3.10 1,672 260 46 67.9 17.6 7.6 0.3 59.0 92.0 10.4
Minimal risk 1.30 38 652 18 17.1 71.9 0.1 0.0 0.9 100.0 8.1
Low risk 2.15 388 1,320 52 41.3 4.1 3.8 0.0 89.6 98.3 10.3
Moderate risk 2.92 656 397 43 66.9 26.5 2.1 0.3 57.7 90.6 10.5
Other 4.07 349 158 40 87.2 7.6 12.8 0.7 49.6 90.3 15.3
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 3.43 2,544 3.3 135 91.0 7.8 46.7 1.1 11.1 75.5 7.8
8.  100 - 999 3.15 9,910 3.3 73 82.2 14.2 42.3 0.4 22.1 84.8 12.4
9.  1,000 - 9,999 2.56 17,718 3.1 64 48.1 17.5 25.6 0.2 61.9 96.3 17.1
10.  10,000+ 2.08 38,422 2.8 40 20.5 9.3 4.7 0.0 78.2 98.6 17.8
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 3.93 11,744 3.3 36 68.9 0.9 239 0.6 48.3 87.6 13.9
12.  Other 2.09 56,851 2.9 58 33.0 14.3 973 0.1 66.5 96.7 17.1

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 4.17 4,682 129 823 82.5 7.1 57.2 2.2 36.7 78.7 5.3
Minimal risk 3.29 235 260 702 90.7 1.0 55.2 0.0 51.8 72.3 0.7
Low risk 3.58 648 171 817 82.0 2.6 37.4 0.0 60.6 65.8 4.5
Moderate risk 4.39 2,015 123 740 79.8 10.8 60.4 1.7 35.4 84.1 4.8
Other 4.28 1,514 113 839 90.0 6.4 67.5 4.5 26.9 85.5 6.7
 
2.  Zero interval 4.16 2,137 119 380 76.0 4.2 76.6 2.8 28.3 82.8 7.6
Minimal risk 4.49 13 88 433 89.0 0.0 71.3 0.0 29.7 78.6 6.4
Low risk 3.36 172 137 285 68.1 0.3 71.8 0.0 43.2 99.3 7.8
Moderate risk 4.22 1,066 122 420 74.6 6.4 76.7 1.4 31.2 80.6 7.0
Other 4.39 726 101 412 86.6 2.9 89.6 6.3 18.1 90.4 8.2
 
3.  Daily 4.30 355 112 596 96.8 2.6 88.0 0.4 33.9 99.9 4.3
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 4.22 36 59 830 90.1 12.7 100.0 0.0 9.1 100.0 3.8
Moderate risk 4.14 208 156 376 97.1 0.5 83.6 0.1 27.2 99.9 4.2
Other 4.72 77 74 681 97.8 4.3 90.9 1.4 37.2 99.7 6.9
 
4.  2 to 30 days 3.55 594 139 636 90.8 8.0 59.0 1.3 37.7 96.1 6.2
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 3.02 55 207 1,006 96.5 0.6 29.1 0.0 32.4 99.3 6.3
Moderate risk 3.81 154 100 363 83.9 26.8 63.8 0.0 32.6 93.1 3.7
Other 3.53 370 157 715 93.4 1.6 60.6 2.0 42.2 97.9 7.2
 
5.  31 to 365 days 3.96 685 153 778 78.7 2.9 32.6 2.8 52.8 53.5 2.2
Minimal risk 3.04 141 374 395 87.5 0.2 63.3 0.0 48.0 72.3 0.1
Low risk 3.61 216 278 339 93.0 3.9 17.6 0.0 92.4 25.0 1.9
Moderate risk 4.47 156 91 402 53.3 4.7 28.3 9.2 43.2 79.9 4.4
Other 4.77 103 84 712 85.0 3.5 41.6 5.0 24.7 79.2 1.5
 Months 
6.  More than 365 days 4.70 899 144 61 89.8 18.7 16.1 1.6 45.4 69.4 0.4
Minimal risk 3.86 49 170 41 94.3 4.1 0.0 0.0 63.0 52.9 1.5
Low risk 3.82 169 192 57 75.7 1.9 17.0 0.0 58.1 65.7 0.0
Moderate risk 5.09 432 141 57 92.4 23.0 19.5 1.3 48.0 83.6 0.5
Other 4.68 226 151 71 96.0 27.9 9.6 3.9 29.0 52.0 0.1
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 4.71 920 3.3 294 87.4 3.3 68.9 3.1 27.0 84.3 5.6
8.  100 - 999 4.27 2,343 3.2 353 83.5 5.9 59.6 3.2 37.7 79.7 5.4
9.  1,000 - 9,999 3.78 1,202 2.9 432 80.2 9.4 50.6 0.0 38.3 71.9 4.9
10.  10,000+ ... ... ... ... ... ... ... ... ... ... ...
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.39 2,679 3.2 132 82.5 2.6 111 3.0 26.1 85.6 5.4
12.  Other 3.88 2,003 3.0 692 82.5 13.3 165 1.1 50.9 69.6 5.1

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 1.23 32,592 8,342 410 27.8 68.6 4.1 0.2 34.1 56.8 8.9
Minimal risk 2.16 1,128 3,418 1,340 67.2 1.7 0.0 0.0 80.7 92.2 1.4
Low risk 0.90 9,956 12,098 373 1.9 74.1 3.8 0.0 26.0 59.6 2.5
Moderate risk 1.03 12,301 9,678 297 45.8 73.3 4.7 0.0 26.5 46.1 9.7
Other 1.75 7,305 5,674 332 24.8 57.0 4.7 0.0 34.3 54.4 7.3
 
2.  Zero interval 3.94 643 1,315 1,279 44.3 0.4 89.5 0.0 75.8 100.0 14.9
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk ... ... ... ... ... ... ... ... ... ... ...
Moderate risk 3.64 326 1,333 1,285 39.3 0.0 83.0 0.0 82.5 100.0 13.2
Other 4.61 198 876 1,010 75.1 1.5 93.8 0.0 84.5 100.0 25.5
 
3.  Daily 0.71 12,475 24,079 38 36.3 65.4 0.2 0.0 6.1 18.5 2.2
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 0.63 3,980 36,866 28 0.0 62.4 0.0 0.0 6.1 19.6 1.2
Moderate risk 0.56 5,776 31,863 19 69.0 81.1 0.3 0.0 1.3 12.0 2.7
Other 1.15 2,620 12,449 89 19.8 36.2 0.0 0.0 16.5 29.4 2.8
 
4.  2 to 30 days 1.11 14,225 10,053 439 13.4 78.6 0.1 0.0 37.5 75.2 6.5
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 0.87 5,115 12,681 543 2.3 85.3 0.1 0.0 35.6 86.3 2.2
Moderate risk 1.12 5,455 11,036 454 22.0 72.6 0.1 0.0 43.8 74.8 10.2
Other 1.45 3,517 7,286 240 16.6 80.5 0.0 0.0 28.4 58.8 8.0
 
5.  31 to 365 days 2.44 1,349 1,914 512 37.7 51.8 8.4 0.1 53.5 72.0 8.0
Minimal risk 1.24 106 742 170 61.0 0.0 0.0 0.0 27.8 46.1 0.0
Low risk 1.11 421 1,878 458 3.1 68.5 1.6 0.0 36.2 72.3 1.3
Moderate risk 2.02 379 1,717 247 45.0 40.7 19.6 0.0 41.4 54.9 14.2
Other 4.53 375 3,863 833 60.0 58.6 0.0 0.0 83.8 91.2 5.9
 Months 
6.  More than 365 days 2.74 3,212 4,172 50 57.2 50.3 19.2 1.8 97.4 100.0 10.0
Minimal risk 2.36 930 5,930 52 72.3 0.0 0.0 0.0 91.6 100.0 1.6
Low risk 3.54 322 4,646 45 15.4 76.4 76.4 0.0 100.0 100.0 11.4
Moderate risk 3.63 365 2,797 49 40.6 57.5 57.5 0.0 99.6 100.0 10.6
Other 3.46 594 2,192 46 56.7 26.9 26.9 0.0 99.5 100.0 5.5
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 3.13 17 2.6 263 46.9 4.7 24.4 0.0 50.8 90.1 10.6
8.  100 - 999 2.84 542 3.1 341 44.0 37.1 24.3 0.9 72.3 84.8 14.4
9.  1,000 - 9,999 1.90 6,263 3.1 264 30.7 59.7 11.4 0.2 59.5 77.7 10.4
10.  10,000+ 1.03 25,770 2.8 133 26.7 71.4 1.9 0.2 27.1 51.2 8.1
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 3.94 1,333 3.0 673 32.8 52.9 1,909 0.0 87.2 98.3 13.6
12.  Other 1.12 31,259 2.8 140 27.6 69.2 9,741 0.2 31.8 55.1 8.5

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 1.81 35,216 645 2.9 121 37.1 47.1 11.6 0.3 23.3
Not under commitment 1.28 18,391 661 2.9 56 44.2 47.8 10.1 0.2 4.8
Informal commitment 1.48 6,109 334 2.7 85 27.6 72.9 8.3 0.2 3.9
Formal commitment 2.90 10,716 1,256 2.8 254 30.2 31.0 16.0 0.6 66.2
2.  Before survey week 11  
Up to 90 days 2.12 13,092 677 2.8 170 39.0 42.6 15.7 0.2 63.6
91 to 365 days 2.41 20,169 392 3.1 74 48.0 19.7 22.3 0.3 55.9
More than 365 days 2.26 37,374 1,715 3.0 72 31.9 12.9 13.7 0.2 76.2
 
Domestic banks
3.  During survey week 3.45 13,211 250 2.9 212 59.6 11.9 28.8 0.8 44.2
Not under commitment 3.42 4,323 160 2.9 222 80.6 14.2 42.6 0.8 15.2
Informal commitment 3.54 1,611 89 3.4 312 96.6 0.8 31.4 0.6 11.3
Formal commitment 3.45 7,277 924 2.8 185 38.9 13.0 20.1 0.9 68.7
4.  Before survey week 11  
Up to 90 days 2.38 8,707 463 3.0 101 49.2 21.6 22.3 0.3 62.7
91 to 365 days 2.43 17,898 352 3.1 37 47.9 14.3 23.1 0.4 51.4
More than 365 days 2.23 33,442 1,610 3.0 34 29.9 7.7 13.5 0.1 73.8
 
Large domestic banks
5.  During survey week 3.25 10,875 289 3.0 118 55.6 12.3 25.1 0.7 44.7
Not under commitment 3.14 3,328 160 2.9 105 84.3 16.1 43.7 0.8 4.5
Informal commitment 3.38 1,287 88 3.6 317 96.8 0.0 19.2 0.0 9.7
Formal commitment 3.28 6,260 3,002 2.8 88 31.9 12.7 16.5 0.7 73.2
6.  Before survey week 11  
Up to 90 days 2.25 8,094 594 2.9 86 46.3 22.7 18.8 0.1 64.5
91 to 365 days 2.30 16,518 441 3.1 37 44.5 15.2 19.2 0.1 53.9
More than 365 days 2.22 33,108 1,759 3.0 34 29.4 7.8 13.1 0.0 73.9
 
Small domestic banks
7.  During survey week 4.39 2,336 152 2.8 646 78.1 10.1 46.1 1.6 42.0
Not under commitment 4.37 996 159 2.9 617 68.3 7.9 38.8 0.8 51.0
Informal commitment 4.16 324 98 2.5 294 95.4 3.7 79.9 2.9 17.4
Formal commitment 4.48 1,017 175 2.9 785 82.1 14.2 42.5 1.9 41.0
8.  Before survey week 11  
Up to 90 days 4.07 614 119 3.5 302 88.6 6.9 68.1 2.6 38.5
91 to 365 days 4.01 1,379 103 3.4 30 88.1 3.6 69.5 3.1 21.0
More than 365 days 3.45 334 172 3.5 29 78.7 2.1 62.4 2.2 63.3
 
Foreign banks
9.  During survey week 0.82 22,005 12,891 2.8 67 23.6 68.2 1.3 0.0 10.8
Not under commitment 0.63 14,068 17,529 2.9 5 33.1 58.2 0.2 0.0 1.5
Informal commitment 0.75 4,498 17,667 2.5 9 2.9 98.8 0.0 0.0 1.2
Formal commitment 1.73 3,439 5,292 2.8 399 11.8 69.3 7.3 0.0 60.9
10.  Before survey week 11  
Up to 90 days 1.61 4,384 7,884 2.6 307 18.6 84.3 2.6 0.0 65.4
91 to 365 days 2.22 2,271 3,680 3.1 372 49.2 62.2 16.1 0.0 91.6
More than 365 days 2.51 3,931 3,829 3.2 462 49.3 56.6 14.7 1.5 96.6

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 4.34 278 114 3.6 579 93.5 27.4 52.8 45.6
2.  Domestic banks 4.77 219 91 3.6 183 91.7 8.1 66.9 31.0
3.  Large domestic banks 4.63 116 106 3.5 96 93.4 5.4 57.2 0.3
4.  Small domestic banks 4.92 103 78 3.8 282 89.8 11.1 77.8 65.8
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 2.36 56,310 1,841 3.0 139 32.6 19.4 13.4 0.2
2.  Domestic banks 2.38 45,193 1,602 3.0 62 31.1 8.8 14.1 0.2
3.  Large domestic banks 2.31 43,474 2,509 3.0 49 29.1 8.9 13.1 0.0
4.  Small domestic banks 4.08 1,719 158 2.9 389 81.8 6.4 40.7 3.9
5.  Foreign banks 2.29 11,117 4,684 2.8 474 38.9 62.5 10.5 0.5

Summary statistics All
commercial
banks
Domestic
banks
Large
domestic
banks
Small
domestic
banks
Foreign
banks
1.  Average reported prime rate 3.34 3.35 3.33 3.46 3.24
2.  Standard error of loan rate .15 .12 .11 .09 .30

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 December 31, 2014 , assets of the large banks were at least $4.8 billion. Median total assets for all insured banks were roughly $171 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: March 31, 2015