Board of Governors of the Federal Reserve System

Survey of Terms of Business Lending - E.2

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Release Date: December 30, 2016

E.2 Survey of Terms of Business Lending
NOVEMBER 7-11, 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 2.11 80,221 713 515 61.3 42.4 12.9 0.3 37.8 75.5 14.5
Minimal risk 2.57 1,240 291 707 59.8 12.8 19.2 0.1 29.0 60.8 7.2
Low risk 1.32 23,443 1,668 233 43.7 63.2 6.2 0.1 18.7 78.0 8.8
Moderate risk 2.15 27,827 647 532 63.4 42.8 14.1 0.4 38.9 70.9 17.0
Other 2.78 18,006 425 481 63.5 35.6 21.3 0.7 31.8 68.3 15.6
 
2.  Zero interval 3.16 12,553 363 798 63.0 23.3 46.7 0.4 46.0 94.5 14.3
Minimal risk 2.55 249 661 1,384 73.3 17.4 49.2 0.2 21.7 61.6 14.0
Low risk 2.83 1,612 481 754 56.1 10.7 47.6 0.0 62.1 87.9 11.3
Moderate risk 2.97 5,687 421 792 52.3 24.4 45.0 0.2 44.4 96.0 12.3
Other 3.61 4,373 277 728 75.0 30.1 51.2 0.8 39.3 96.4 15.2
 
3.  Daily 1.25 30,264 2,561 256 55.4 64.8 6.1 0.0 19.5 56.3 12.2
Minimal risk 2.86 88 320 823 80.5 1.4 32.1 0.2 27.3 95.2 13.8
Low risk 0.85 13,584 8,120 63 40.9 78.9 1.8 0.0 4.2 73.3 5.7
Moderate risk 1.29 10,030 2,496 367 71.3 65.4 7.4 0.0 25.4 34.9 29.2
Other 1.81 4,455 908 233 42.1 52.2 16.2 0.1 16.3 31.5 14.5
 
4.  2 to 30 days 2.26 28,789 597 588 64.0 31.4 5.5 0.3 46.8 85.6 16.6
Minimal risk 2.57 728 234 298 56.6 15.1 11.6 0.0 28.7 50.0 1.3
Low risk 1.66 6,981 944 389 44.4 49.1 3.5 0.1 30.0 83.9 13.3
Moderate risk 2.32 8,810 460 476 58.5 35.4 3.3 0.1 46.6 88.5 17.4
Other 2.52 6,965 421 402 69.0 31.6 7.4 0.8 28.8 76.5 16.9
 
5.  31 to 365 days 2.80 5,589 675 605 67.8 21.1 8.6 1.7 53.7 80.5 12.4
Minimal risk 2.21 157 470 415 44.2 1.7 1.8 0.0 46.5 86.2 11.9
Low risk 2.09 876 949 553 44.6 31.1 4.0 0.6 47.2 81.1 10.7
Moderate risk 2.72 2,158 824 551 69.6 19.3 4.5 3.0 44.3 87.7 12.0
Other 3.59 1,331 611 426 63.1 30.4 13.4 1.8 47.7 59.7 13.5
  Months  
6.  More than 365 days 3.69 2,754 385 47 72.7 43.5 19.5 0.8 76.6 82.4 14.3
Minimal risk 4.54 18 123 79 40.6 8.0 0.0 0.0 0.0 97.8 0.5
Low risk 3.46 388 556 50 76.3 55.9 38.7 0.0 78.8 92.5 10.4
Moderate risk 3.50 954 320 50 71.9 35.8 23.4 1.6 69.9 92.0 6.4
Other 4.52 835 353 42 70.4 18.6 18.1 0.7 76.3 60.4 14.1
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 3.73 2,754 3.2 123 94.5 4.7 39.4 2.0 18.8 76.0 6.9
8.  100 - 999 3.48 9,352 3.2 91 86.3 12.5 42.5 1.2 23.6 77.6 11.1
9.  1,000 - 9,999 2.88 17,527 3.2 106 66.5 24.7 25.9 0.3 56.1 86.8 16.2
10.  10,000+ 1.49 50,588 2.8 36 53.0 56.1 1.5 0.1 35.1 71.2 14.8
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.10 10,366 3.3 84 79.3 6.0 227 1.3 39.1 90.2 12.7
12.  Other 1.81 69,855 2.9 57 58.6 47.8 1,043 0.2 37.6 73.3 14.8

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 2.87 43,796 400 815 76.0 13.1 21.6 0.5 54.5 90.1 17.4
Minimal risk 3.09 815 200 1,069 81.6 5.7 29.2 0.1 8.5 42.7 14.5
Low risk 2.49 6,372 479 612 59.2 7.2 20.2 0.2 37.2 82.7 19.2
Moderate risk 2.77 17,034 404 763 67.6 17.3 21.1 0.6 52.7 94.1 17.8
Other 3.53 10,619 258 671 81.5 21.2 32.5 0.8 39.4 85.3 14.8
 
2.  Zero interval 3.12 12,230 358 790 63.4 23.9 46.3 0.4 45.5 94.4 13.9
Minimal risk 2.54 242 659 1,407 75.4 17.9 50.6 0.2 19.5 60.5 14.1
Low risk 2.82 1,597 478 750 56.6 10.8 47.7 0.0 62.0 87.8 11.2
Moderate risk 2.95 5,607 417 784 52.7 24.8 44.5 0.2 44.0 95.9 12.1
Other 3.54 4,152 267 711 75.7 31.7 50.7 0.8 38.2 96.2 14.5
 
3.  Daily 2.66 7,056 628 1,072 90.2 2.5 24.6 0.2 73.6 98.7 21.7
Minimal risk 2.70 76 283 761 88.9 1.6 37.3 0.3 15.7 94.4 13.7
Low risk 2.49 808 526 1,073 87.8 1.6 29.2 0.5 54.8 95.7 22.1
Moderate risk 2.42 2,936 757 1,222 85.7 2.9 23.8 0.1 76.3 99.6 31.6
Other 4.01 1,128 245 827 85.9 7.0 59.5 0.4 42.5 97.4 12.6
 
4.  2 to 30 days 2.64 18,822 401 672 78.9 10.3 7.8 0.2 51.3 87.2 19.6
Minimal risk 3.55 394 129 399 95.6 0.0 21.5 0.0 1.3 7.5 14.3
Low risk 2.27 3,391 481 320 53.8 5.1 7.2 0.1 18.9 75.5 24.4
Moderate risk 2.67 6,076 325 457 71.0 16.4 3.8 0.2 48.6 92.7 18.8
Other 2.99 3,846 239 435 87.6 19.8 12.4 0.5 30.2 80.7 16.7
 
5.  31 to 365 days 3.16 3,509 458 737 77.7 7.8 11.4 2.7 60.9 81.4 12.9
Minimal risk 2.52 86 351 324 36.5 0.6 3.3 0.0 6.0 97.1 19.2
Low risk 2.58 321 475 996 51.8 6.2 8.8 1.6 38.7 96.5 12.7
Moderate risk 2.95 1,419 572 632 67.8 14.8 6.3 4.6 53.3 83.3 13.4
Other 4.64 704 342 549 85.5 3.8 17.5 3.4 58.9 57.2 9.0
  Months  
6.  More than 365 days 3.85 1,907 273 47 70.2 18.4 8.4 1.2 66.2 74.5 9.5
Minimal risk 4.54 18 123 79 40.6 8.0 0.0 0.0 0.0 97.8 0.5
Low risk 3.24 252 374 50 64.3 32.8 6.4 0.0 67.3 88.4 10.6
Moderate risk 3.34 806 274 48 70.6 24.1 9.4 1.9 64.4 90.5 6.4
Other 4.48 740 320 43 71.4 8.3 7.6 0.8 73.3 55.3 15.2
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 3.73 2,741 3.3 123 94.7 4.6 39.5 2.0 18.6 76.0 6.9
8.  100 - 999 3.50 8,877 3.2 92 88.0 11.6 43.4 1.2 21.5 77.6 10.8
9.  1,000 - 9,999 3.05 13,367 3.2 100 72.4 17.0 30.1 0.4 57.2 90.2 16.1
10.  10,000+ 2.32 18,811 3.0 49 70.2 12.3 2.8 0.0 73.3 98.1 21.9
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.07 9,478 3.3 30 80.7 2.0 210 1.5 35.1 89.4 12.1
12.  Other 2.54 34,318 3.1 91 74.7 16.2 532 0.2 59.8 90.3 18.8

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 2.71 39,481 483 832 74.3 14.0 17.8 0.1 55.7 91.5 18.6
Minimal risk 3.10 787 215 1,078 80.9 5.7 29.2 0.1 8.1 41.1 15.3
Low risk 2.33 5,768 523 640 56.3 7.7 14.5 0.1 34.4 81.4 20.9
Moderate risk 2.65 15,688 500 766 66.1 18.1 18.3 0.1 54.5 94.4 18.9
Other 3.27 8,473 290 670 77.8 25.5 26.6 0.3 38.0 90.1 16.6
 
2.  Zero interval 2.96 10,661 435 852 59.3 27.2 40.6 0.2 46.3 94.5 15.0
Minimal risk 2.53 240 755 1,411 75.2 18.0 50.3 0.2 19.6 60.3 14.2
Low risk 2.47 1,270 431 953 47.0 13.6 35.9 0.1 55.6 84.7 11.8
Moderate risk 2.84 5,121 530 820 50.2 27.0 41.3 0.0 45.9 95.7 12.6
Other 3.39 3,430 326 764 70.9 37.8 42.6 0.4 40.4 98.0 16.3
 
3.  Daily 2.46 6,270 1,350 1,131 89.6 2.7 17.3 0.1 79.5 99.0 23.6
Minimal risk 2.58 71 380 753 88.2 1.7 35.9 0.3 13.2 96.0 14.4
Low risk 2.24 696 756 1,203 86.5 1.9 18.2 0.0 56.7 95.0 25.4
Moderate risk 2.26 2,662 1,714 1,278 85.2 3.0 18.1 0.0 82.2 100.0 34.0
Other 3.82 755 474 1,011 80.1 9.8 46.6 0.4 52.1 98.8 15.6
 
4.  2 to 30 days 2.61 18,370 417 676 78.5 10.3 6.7 0.1 51.8 87.1 20.0
Minimal risk 3.56 391 130 392 95.6 0.0 21.4 0.0 1.2 6.8 15.8
Low risk 2.25 3,330 501 318 53.3 5.0 6.7 0.0 18.4 75.1 24.9
Moderate risk 2.65 5,967 334 451 70.6 16.3 2.9 0.2 48.8 92.9 19.0
Other 2.92 3,569 244 441 87.1 20.9 8.9 0.1 30.6 79.7 17.8
 
5.  31 to 365 days 2.69 2,605 756 835 75.4 8.2 7.8 0.3 62.7 91.0 15.2
Minimal risk 2.61 69 1,379 336 21.5 0.7 0.0 0.0 3.2 99.1 21.7
Low risk 2.50 254 1,124 1,219 57.7 7.5 6.0 0.4 43.2 97.1 15.9
Moderate risk 2.59 1,083 1,487 677 64.6 14.6 3.1 0.2 54.1 80.9 17.8
Other 4.07 331 320 538 74.9 5.5 18.5 1.3 37.8 98.9 10.3
  Months  
6.  More than 365 days 3.25 1,302 523 41 58.4 21.8 8.4 0.4 67.1 91.6 11.2
Minimal risk 4.77 15 163 68 29.8 1.1 0.0 0.0 0.0 99.6 0.5
Low risk 2.87 216 767 48 58.4 34.4 6.2 0.0 72.5 96.8 11.3
Moderate risk 3.04 666 761 42 64.8 26.1 7.4 0.3 71.8 95.3 7.3
Other 3.60 341 384 34 44.7 7.0 12.8 0.3 65.3 90.6 19.8
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 3.40 2,053 3.2 57 95.3 4.8 30.6 1.0 15.0 72.1 7.8
8.  100 - 999 3.34 7,113 3.2 60 87.7 13.1 39.3 0.4 18.9 76.1 12.4
9.  1,000 - 9,999 2.84 11,504 3.1 69 69.1 19.1 26.6 0.0 56.9 93.8 17.4
10.  10,000+ 2.32 18,811 3.0 49 70.2 12.3 2.8 0.0 73.3 98.1 21.9
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 3.97 7,011 3.2 22 76.7 1.6 258 0.6 36.0 89.1 14.3
12.  Other 2.44 32,470 3.0 65 73.8 16.7 595 0.0 59.9 92.0 19.5

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 4.35 4,315 155 655 91.5 4.9 57.2 3.8 43.3 77.6 4.9
Minimal risk 2.86 29 66 919 100.0 4.5 28.4 0.0 21.3 87.6 4.7
Low risk 4.01 603 267 393 86.4 2.8 75.0 1.9 64.4 95.5 6.2
Moderate risk 4.12 1,346 124 726 84.8 7.7 54.4 6.8 31.0 91.5 4.5
Other 4.57 2,146 180 676 96.3 4.1 55.7 2.9 44.9 66.1 4.9
 
2.  Zero interval 4.18 1,569 162 391 91.6 1.8 84.7 1.8 40.2 93.6 6.4
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 4.19 327 826 284 93.7 0.0 93.4 0.0 86.7 99.7 9.1
Moderate risk 4.07 486 129 410 79.7 1.5 77.8 1.9 23.6 98.0 6.4
Other 4.28 723 144 444 98.3 2.9 88.7 2.7 27.7 87.6 5.1
 
3.  Daily 4.22 785 119 481 95.0 1.3 83.3 1.1 26.7 95.6 5.9
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 4.02 112 182 317 96.2 0.0 97.6 3.6 43.0 100.0 2.8
Moderate risk 4.02 274 118 574 90.5 1.8 79.6 1.2 19.2 95.4 6.8
Other 4.38 374 124 332 97.5 1.3 85.4 0.4 23.0 94.6 6.2
 
4.  2 to 30 days 3.76 452 160 470 93.8 9.5 52.6 5.0 30.1 91.6 4.4
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 3.46 61 150 433 84.2 12.1 35.4 5.6 46.9 100.0 3.7
Moderate risk 3.71 110 124 775 97.5 17.8 49.4 2.6 35.2 84.7 4.5
Other 3.83 277 197 365 94.4 5.7 57.7 5.9 24.6 92.9 4.5
 
5.  31 to 365 days 4.50 904 215 454 84.3 6.7 21.5 9.6 55.7 53.7 1.4
Minimal risk 2.12 16 85 262 100.0 0.0 17.2 0.0 17.8 88.9 7.6
Low risk 2.87 66 147 135 29.3 1.2 19.5 6.2 21.5 94.5 0.3
Moderate risk 4.11 336 191 487 78.1 15.4 16.7 18.7 50.6 91.0 0.9
Other 5.15 373 363 558 94.9 2.2 16.7 5.3 77.6 20.1 3.3
  Months  
6.  More than 365 days 5.14 605 135 59 95.6 11.2 8.5 3.0 64.4 37.7 0.8
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 5.43 37 93 63 98.8 23.7 7.7 0.0 36.6 38.6 0.6
Moderate risk 4.78 141 68 76 97.8 14.4 18.9 9.3 29.3 67.8 0.9
Other 5.24 399 280 51 94.2 9.4 3.2 1.3 80.1 25.1 1.0
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 4.72 688 3.4 314 93.0 4.2 65.9 4.8 29.3 87.5 4.7
8.  100 - 999 4.18 1,764 3.4 219 89.3 5.6 59.6 4.8 32.0 83.5 4.9
9.  1,000 - 9,999 4.37 1,863 3.4 291 93.0 4.5 51.6 2.6 59.2 68.3 5.1
10.  10,000+ ... ... ... ... ... ... ... ... ... ... ...
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.35 2,467 3.3 53 92.2 3.0 138 4.0 32.8 90.2 6.1
12.  Other 4.33 1,848 3.5 549 90.5 7.4 186 3.6 57.4 60.8 2.6

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 1.18 36,425 11,919 204 43.6 77.6 2.4 0.1 17.7 57.9 9.0
Minimal risk 1.58 424 2,461 361 18.2 26.4 0.0 0.0 68.4 95.5 0.8
Low risk 0.88 17,071 22,344 126 38.0 84.0 0.9 0.0 11.8 76.3 4.6
Moderate risk 1.17 10,794 13,491 217 56.9 83.0 3.0 0.0 17.3 34.1 13.5
Other 1.71 7,387 6,174 251 37.5 56.3 5.1 0.5 20.8 43.8 18.1
 
2.  Zero interval 4.60 323 945 1,039 48.7 0.0 64.4 0.0 65.1 100.0 26.0
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk ... ... ... ... ... ... ... ... ... ... ...
Moderate risk 4.18 80 992 1,190 22.6 0.0 82.1 0.0 74.0 100.0 25.9
Other 4.88 221 918 998 62.3 0.0 61.7 0.0 59.9 100.0 26.9
 
3.  Daily 0.82 23,208 39,686 31 44.8 83.7 0.5 0.0 3.0 43.4 5.6
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 0.75 12,776 93,657 16 38.0 83.8 0.1 0.0 1.0 71.9 4.3
Moderate risk 0.82 7,094 50,641 40 65.3 91.3 0.6 0.0 4.4 8.2 17.5
Other 1.07 3,327 11,053 63 27.2 67.5 1.5 0.0 7.4 9.1 21.8
 
4.  2 to 30 days 1.53 9,967 7,537 449 36.1 71.3 1.1 0.3 38.4 82.4 10.5
Minimal risk 1.41 334 5,062 289 10.7 32.9 0.0 0.0 60.9 100.0 0.2
Low risk 1.07 3,589 10,404 439 35.5 90.7 0.0 0.0 40.4 91.7 4.7
Moderate risk 1.54 2,734 6,670 518 30.8 77.8 2.3 0.0 42.1 79.3 13.8
Other 1.93 3,119 6,429 371 46.0 46.1 1.3 1.1 27.0 71.4 17.1
 
5.  31 to 365 days 2.20 2,081 3,344 381 51.0 43.5 4.0 0.0 41.6 79.0 11.7
Minimal risk 1.85 71 792 521 53.3 3.0 0.0 0.0 95.2 73.1 0.3
Low risk 1.81 555 2,240 297 40.4 45.4 1.2 0.0 52.1 72.1 9.2
Moderate risk 2.28 739 5,490 394 73.2 27.9 0.9 0.0 27.0 96.2 9.5
Other 2.41 627 5,363 288 37.9 60.4 8.8 0.0 35.1 62.5 18.1
  Months  
6.  More than 365 days 3.32 847 4,568 45 78.5 99.8 44.4 0.0 100.0 100.0 22.4
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 3.86 136 5,692 48 98.7 98.7 98.7 0.0 100.0 100.0 10.0
Moderate risk 4.32 148 4,237 62 79.3 100.0 100.0 0.0 100.0 100.0 6.1
Other 4.82 94 1,774 31 62.6 100.0 100.0 0.0 100.0 100.0 9.3
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 3.16 13 2.7 89 59.3 12.0 22.8 0.0 52.9 77.8 16.0
8.  100 - 999 3.06 475 3.1 82 55.6 28.6 25.6 0.0 62.2 78.0 18.1
9.  1,000 - 9,999 2.32 4,160 3.2 126 47.6 49.2 12.5 0.0 52.4 75.6 16.8
10.  10,000+ 1.01 31,776 2.7 28 42.8 82.1 0.8 0.1 12.5 55.3 7.4
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.45 888 3.3 650 63.8 49.6 1,577 0.0 81.4 99.7 18.3
12.  Other 1.10 35,537 2.7 24 43.1 78.3 14,257 0.1 16.1 56.9 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 1.83 26,376 684 3.0 75 69.8 48.6 7.9 0.3 19.7
Not under commitment 1.50 19,647 799 3.0 50 69.5 56.2 5.1 0.1 5.6
Informal commitment 3.63 800 148 3.1 164 78.0 13.9 33.2 4.6 30.8
Formal commitment 2.69 5,929 694 3.0 149 70.0 28.1 13.6 0.5 64.8
2.  Before survey week 11  
Up to 90 days 1.97 12,566 521 2.7 63 36.1 64.1 13.4 0.3 30.9
91 to 365 days 2.02 18,252 556 2.7 33 53.9 49.8 17.4 0.6 32.8
More than 365 days 2.56 23,028 1,345 3.2 64 71.0 17.7 14.9 0.1 66.2
 
Domestic banks
3.  During survey week 3.50 9,115 244 3.0 188 88.2 6.0 21.9 0.9 41.2
Not under commitment 3.85 4,322 182 2.9 212 88.6 4.0 23.3 0.3 19.3
Informal commitment 3.84 728 135 3.2 177 85.0 8.8 36.4 5.1 33.9
Formal commitment 3.07 4,065 497 3.2 165 88.3 7.5 17.8 0.8 65.7
4.  Before survey week 11  
Up to 90 days 3.09 5,308 225 3.2 108 75.5 17.6 30.0 0.7 46.5
91 to 365 days 2.76 10,311 317 3.1 38 70.1 19.0 28.9 0.7 48.2
More than 365 days 2.57 19,062 1,190 3.1 39 73.5 12.1 15.3 0.2 66.4
 
Large domestic banks
5.  During survey week 3.14 6,910 287 2.8 98 88.0 6.0 16.8 0.2 39.4
Not under commitment 3.48 3,355 171 2.7 70 86.4 4.2 22.8 0.2 3.7
Informal commitment 2.69 172 145 3.9 55 88.6 0.0 6.4 0.0 18.0
Formal commitment 2.83 3,384 1,036 3.1 128 89.7 8.1 11.4 0.2 76.0
6.  Before survey week 11  
Up to 90 days 2.93 4,646 250 3.2 105 72.8 19.7 24.6 0.3 46.0
91 to 365 days 2.60 9,177 369 3.1 41 67.0 21.0 22.3 0.2 49.1
More than 365 days 2.55 18,747 1,326 3.1 39 73.2 12.2 14.2 0.0 67.3
 
Small domestic banks
7.  During survey week 4.63 2,205 166 3.5 471 88.6 6.0 37.8 3.2 46.6
Not under commitment 5.13 968 233 3.8 704 96.2 3.6 25.1 0.9 73.5
Informal commitment 4.19 556 133 2.9 215 83.9 11.5 45.7 6.6 38.8
Formal commitment 4.26 682 139 3.4 348 81.7 5.0 49.3 3.7 14.6
8.  Before survey week 11  
Up to 90 days 4.16 663 132 3.5 127 94.3 2.8 67.8 3.1 50.3
91 to 365 days 4.05 1,133 148 3.3 14 95.5 2.6 82.1 4.5 40.3
More than 365 days 3.84 314 167 3.4 24 91.2 9.4 80.8 7.7 16.4
 
Foreign banks
9.  During survey week 0.94 17,261 14,441 3.0 16 60.2 71.1 0.5 0.0 8.4
Not under commitment 0.83 15,325 19,681 3.0 4 64.1 70.9 0.0 0.0 1.8
Informal commitment 1.56 72 1,779 3.0 35 6.9 65.8 0.6 0.0 0.0
Formal commitment 1.86 1,864 4,955 2.8 115 29.9 73.0 4.6 0.0 62.8
10.  Before survey week 11  
Up to 90 days 1.16 7,257 15,631 2.4 31 7.2 98.1 1.2 0.0 19.4
91 to 365 days 1.05 7,941 26,548 2.2 26 32.9 89.7 2.5 0.4 12.9
More than 365 days 2.53 3,966 3,614 3.3 186 59.1 44.5 12.8 0.0 65.0

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 4.37 252 112 3.5 173 69.7 38.5 54.9 31.3
2.  Domestic banks 4.88 217 97 3.4 196 80.9 44.7 63.7 20.2
3.  Large domestic banks 5.60 52 63 3.5 168 87.3 11.6 75.6 2.7
4.  Small domestic banks 4.66 165 117 3.4 205 78.9 55.1 59.9 25.8
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 2.63 30,303 1,214 3.1 111 74.4 24.9 13.4 0.3
2.  Domestic banks 2.69 23,854 1,022 3.2 87 79.8 12.8 14.0 0.2
3.  Large domestic banks 2.52 21,985 1,539 3.1 63 78.4 13.7 11.5 0.0
4.  Small domestic banks 4.67 1,869 206 3.3 374 96.1 2.4 43.3 2.3
5.  Foreign banks 2.40 6,449 3,994 2.8 199 54.6 69.4 11.2 0.5

Summary statistics All
commercial
banks
Domestic
banks
Large
domestic
banks
Small
domestic
banks
Foreign
banks
1.  Average reported prime rate 3.54 3.56 3.54 3.61 3.34
2.  Standard error of loan rate .22 .15 .11 .13 .31

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 September 30, 2016, assets of the large banks were at least $5.4 billion. Median total assets for all insured banks were roughly $191 million. Assets at all U.S. branches and agencies averaged 10.5 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: December 30, 2016