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

Release Date: December 23, 2009
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FEDERAL RESERVE STATISTICAL RELEASE








E.2 SURVEY OF TERMS OF BUSINESS LENDING, NOVEMBER 2-6, 2009                        For immediate release
1. Commercial and industrial loans made by all commercial banks1                       December 23, 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 2.62   57,864   537   429   43.6   35.0   26.1   77.9   14.5  
 2.   Minimal risk 2.06   2,055   742   372   28.0   43.6   9.4   69.4   8.1  
 3.   Low risk 2.14   6,371   555   336   47.9   49.3   26.5   76.4   17.7  
 4.   Moderate risk 2.67   15,744   395   484   61.6   37.3   38.4   75.0   14.6  
 5.   Other 3.01   18,184   481   321   52.7   39.5   27.6   67.9   19.6  
 
 6. Zero interval 3.55   13,100   250   582   67.7   13.8   62.1   92.2   13.9  
 7.   Minimal risk 3.18   292   404   607   54.2   26.7   46.7   86.4   10.9  
 8.   Low risk 2.97   1,432   344   662   65.3   7.1   48.9   82.9   21.5  
 9.   Moderate risk 3.30   5,133   284   582   64.5   12.7   52.5   96.5   13.0  
10.   Other 4.16   4,486   223   577   72.3   12.5   71.7   94.0   13.0  
 
11. Daily 1.35   11,310   1,755   103   30.9   59.4   15.8   37.6   9.1  
12.   Minimal risk 1.59   578   1,859   25   8.2   .0   5.9   12.2   2.0  
13.   Low risk 1.25   1,147   916   73   14.9   81.1   23.8   72.5   5.5  
14.   Moderate risk 1.28   4,001   1,427   163   69.2   74.1   28.7   42.1   10.5  
15.   Other 1.28   4,446   3,224   17   8.8   62.6   3.8   12.3   8.1  
 
16. 2 to 30 days 2.21   21,027   688   435   35.0   37.7   13.7   81.7   12.8  
17.   Minimal risk 1.31   914   5,414   260   16.0   79.5   .3   99.7   9.2  
18.   Low risk 1.85   3,076   840   262   49.8   59.7   17.8   72.1   21.1  
19.   Moderate risk 2.53   4,241   372   443   55.7   41.5   27.7   72.4   16.7  
20.   Other 2.68   5,399   444   275   52.8   56.3   13.2   75.0   17.0  
 
21. 31 to 365 days 3.23   9,197   890   390   37.2   30.9   7.9   94.8   17.3  
22.   Minimal risk 3.68   198   216   336   77.7   41.3   7.2   75.4   .9  
23.   Low risk 2.68   554   381   352   52.7   44.0   19.7   92.9   13.6  
24.   Moderate risk 3.47   1,171   282   460   51.4   28.9   17.4   86.6   15.3  
25.   Other 3.93   2,772   1,218   349   81.6   24.0   10.2   95.2   32.0  
  Months  
26. More than 365 days 4.20   3,126   405   36   64.4   27.5   48.7   87.0   26.2  
27.   Minimal risk 6.22   72   114   117   95.0   13.8   6.5   58.0   2.2  
28.   Low risk 5.28   123   154   37   70.5   3.9   20.1   63.7   18.5  
29.   Moderate risk 4.37   1,156   344   42   53.2   11.7   69.3   91.4   21.7  
30.   Other 4.75   1,060   580   26   77.5   12.5   58.5   82.6   32.0  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   7.5 - 99 4.66   2,537   3.3   117   89.2   7.5   70.0   73.6   7.6  
32.   100 - 999 4.00   8,491   3.3   98   77.6   12.9   62.8   82.7   12.5  
33.   1,000 - 9,999 2.79   15,939   3.3   95   48.5   32.2   31.8   87.7   16.8  
34.   10,000+ 1.98   30,897   3.3   53   28.1   44.7   9.5   71.8   14.2  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 4.09   15,121   3.3   93   68.7   14.1   212   82.6   14.3  
36.   Other 2.10   42,744   3.3   68   34.8   42.3   1,168   76.2   14.5   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, NOVEMBER 2-6, 2009                        For immediate release
2. Commercial and industrial loans made by domestic banks1                             December 23, 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 3.47   28,275   273   556   66.1   17.3   50.6   83.9   17.4  
 2.   Minimal risk 2.63   969   375   415   36.3   8.6   19.9   35.1   3.9  
 3.   Low risk 2.88   3,345   308   540   66.2   11.7   44.9   71.9   16.9  
 4.   Moderate risk 3.32   10,940   279   652   61.3   15.7   53.2   88.2   15.1  
 5.   Other 4.09   9,411   259   488   77.2   14.6   50.4   88.0   21.7  
 
 6. Zero interval 3.53   12,000   233   557   69.6   14.1   62.9   91.5   13.7  
 7.   Minimal risk 3.48   178   274   433   85.0   39.9   76.7   77.7   4.0  
 8.   Low risk 2.99   1,151   283   640   73.3   1.3   46.8   78.7   20.7  
 9.   Moderate risk 3.30   4,852   272   563   65.4   13.1   51.5   96.3   12.6  
10.   Other 4.08   4,062   207   547   72.7   13.4   73.5   93.3   13.7  
 
11. Daily 2.47   2,654   454   372   37.3   19.2   65.6   76.5   12.2  
12.   Minimal risk 1.61   557   1,864   20   5.8   .0   6.2   8.9   2.8  
13.   Low risk 2.46   330   278   301   51.7   34.3   82.7   84.8   12.7  
14.   Moderate risk 2.35   1,344   498   567   39.0   25.2   85.4   96.9   13.5  
15.   Other 4.43   241   220   459   59.6   4.7   69.0   95.3   5.4  
 
16. 2 to 30 days 3.07   7,495   260   516   64.0   25.6   38.0   72.1   16.8  
17.   Minimal risk 2.69   51   620   209   20.9   1.4   5.8   94.1   8.6  
18.   Low risk 2.56   1,427   418   503   62.0   14.3   38.4   60.7   14.5  
19.   Moderate risk 3.16   2,811   253   625   66.4   19.2   41.5   70.3   18.8  
20.   Other 3.59   2,143   185   465   73.1   28.5   32.3   72.9   16.0  
 
21. 31 to 365 days 4.02   3,353   348   281   80.1   9.2   19.7   88.1   30.2  
22.   Minimal risk 4.03   111   123   325   79.4   1.2   12.8   56.1   2.1  
23.   Low risk 3.46   300   239   320   74.9   17.2   36.4   87.3   15.4  
24.   Moderate risk 4.09   768   191   417   66.3   8.5   26.1   82.4   14.6  
25.   Other 4.27   1,904   902   228   93.1   4.4   14.8   95.7   40.3  
  Months  
26. More than 365 days 4.60   2,722   359   37   67.3   17.3   55.1   85.1   25.0  
27.   Minimal risk 6.23   72   114   117   94.9   13.8   6.3   57.9   2.2  
28.   Low risk 5.28   123   154   37   70.5   3.9   20.1   63.7   18.5  
29.   Moderate risk 4.36   1,142   340   42   53.8   11.8   70.1   91.3   22.0  
30.   Other 4.77   1,051   582   26   78.2   12.0   59.0   82.5   31.9  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   7.5 - 99 4.67   2,518   3.3   118   89.5   7.4   70.3   73.4   7.6  
32.   100 - 999 4.09   7,952   3.3   102   80.2   11.1   65.0   82.0   11.9  
33.   1,000 - 9,999 3.33   9,716   3.3   117   59.9   22.1   47.0   86.9   17.5  
34.   10,000+ 2.66   8,089   3.2   135   52.4   20.9   34.6   85.5   25.2  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 4.08   14,307   3.3   96   69.7   13.8   203   81.7   13.8  
36.   Other 2.85   13,967   3.2   140   62.4   21.0   420   86.3   20.9   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, NOVEMBER 2-6, 2009                        For immediate release
3. Commercial and industrial loans made by large domestic banks1                       December 23, 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 3.21   24,280   373   514   62.8   19.3   47.4   84.4   19.2  
 2.   Minimal risk 1.81   732   1,383   82   16.1   1.5   12.1   24.5   6.7  
 3.   Low risk 2.52   2,855   439   535   62.7   13.4   40.9   70.3   18.6  
 4.   Moderate risk 2.98   9,110   414   593   56.6   17.9   49.6   88.9   17.1  
 5.   Other 3.94   8,207   338   471   76.2   16.4   46.0   89.2   23.5  
 
 6. Zero interval 3.28   10,071   308   576   67.5   15.8   58.7   92.0   14.8  
 7.   Minimal risk 2.65   103   353   257   74.1   6.8   59.9   61.2   7.3  
 8.   Low risk 2.75   989   359   633   70.1   1.4   41.3   75.9   22.3  
 9.   Moderate risk 3.00   4,092   385   591   63.7   15.2   45.7   96.6   13.8  
10.   Other 3.87   3,197   293   567   70.8   16.3   68.7   96.3   14.8  
 
11. Daily 2.08   2,254   809   369   26.9   21.9   60.1   74.6   13.4  
12.   Minimal risk 1.52   543   4,855   8   3.5   .0   3.9   6.6   3.8  
13.   Low risk 1.61   246   617   284   35.4   45.6   77.2   84.0   14.9  
14.   Moderate risk 2.01   1,163   907   592   30.4   28.3   83.9   99.8   14.6  
15.   Other 4.16   189   327   530   51.0   4.0   62.1   95.4   6.0  
 
16. 2 to 30 days 2.94   6,857   281   444   61.6   27.2   34.8   70.1   18.4  
17.   Minimal risk 2.65   48   834   197   16.0   .0   1.8   93.7   9.1  
18.   Low risk 2.50   1,387   474   508   61.1   14.7   38.6   59.6   15.1  
19.   Moderate risk 2.96   2,348   277   450   61.9   21.1   35.0   65.3   23.0  
20.   Other 3.49   2,023   192   427   71.7   30.0   29.6   72.1   16.9  
 
21. 31 to 365 days 3.72   2,822   924   292   79.4   10.7   15.7   94.7   33.0  
22.   Minimal risk 2.33   32   673   386   39.5   4.0   3.8   100.0   3.2  
23.   Low risk 2.39   177   629   358   80.6   28.4   6.9   98.9   20.5  
24.   Moderate risk 3.44   568   574   514   59.6   10.8   20.4   94.9   16.6  
25.   Other 4.17   1,818   1,269   227   92.9   4.6   14.3   98.3   41.0  
  Months  
26. More than 365 days 4.18   2,241   1,161   27   60.6   19.0   63.2   91.1   28.1  
27.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
28.   Low risk 3.43   54   531   31   32.5   3.7   41.3   87.2   28.8  
29.   Moderate risk 3.91   921   1,523   29   43.0   12.3   80.0   97.9   25.2  
30.   Other 4.62   968   1,295   23   76.8   12.5   62.4   83.6   33.9  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   7.5 - 99 4.14   1,560   3.5   36   89.4   9.7   70.8   67.7   8.9  
32.   100 - 999 3.80   5,954   3.4   68   78.0   12.8   63.0   82.2   13.8  
33.   1,000 - 9,999 3.15   8,801   3.3   107   57.6   23.7   44.1   88.0   18.6  
34.   10,000+ 2.64   7,965   3.2   136   52.1   21.2   34.8   85.3   25.5  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 3.87   11,508   3.4   107   66.1   15.8   263   81.1   15.7  
36.   Other 2.61   12,772   3.2   98   59.9   22.4   599   87.4   22.2   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, NOVEMBER 2-6, 2009                        For immediate release
4. Commercial and industrial loans made by small domestic banks1                       December 23, 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 5.07   3,994   103   804   85.8   5.4   70.1   81.0   5.9  
 2.   Minimal risk 5.19   237   116   1,444   98.4   30.5   43.8   67.7   .8  
 3.   Low risk 4.99   489   113   571   86.8   1.5   68.3   81.3   8.4  
 4.   Moderate risk 4.98   1,830   107   949   84.3   5.1   70.8   84.3   4.9  
 5.   Other 5.13   1,204   100   601   84.3   2.8   80.6   79.6   7.6  
 
 6. Zero interval 4.83   1,930   103   447   80.1   5.2   84.8   89.1   7.8  
 7.   Minimal risk 4.61   75   210   652   99.8   84.8   99.5   100.0   1.2  
 8.   Low risk 4.47   163   124   682   92.4   .9   80.3   95.7   13.4  
 9.   Moderate risk 4.90   760   106   366   74.5   1.9   82.6   94.4   6.4  
10.   Other 4.85   865   99   468   79.8   2.4   91.5   82.4   8.9  
 
11. Daily 4.65   400   131   388   96.3   3.6   96.5   86.9   4.4  
12.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
13.   Low risk 4.96   84   107   336   99.5   1.4   98.7   87.3   6.6  
14.   Moderate risk 4.57   181   127   429   94.4   5.2   94.9   78.4   4.0  
15.   Other 5.41   51   100   320   91.5   7.5   94.5   94.8   3.3  
 
16. 2 to 30 days 4.47   637   143   1,128   89.8   7.8   72.5   93.0   3.9  
17.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
18.   Low risk 4.64   40   81   343   93.3   1.7   32.6   100.0   3.0  
19.   Moderate risk 4.22   463   175   1,263   89.2   9.6   73.9   95.9   4.2  
20.   Other 5.35   119   112   934   97.1   3.3   78.0   86.3   3.5  
 
21. 31 to 365 days 5.63   531   81   225   83.6   .9   41.1   53.3   3.4  
22.   Minimal risk 4.72   79   92   300   95.5   .0   16.4   38.4   .9  
23.   Low risk 4.98   123   126   270   66.8   1.0   78.7   70.7   5.1  
24.   Moderate risk 5.93   200   66   160   85.2   1.8   42.3   46.9   3.1  
25.   Other 6.22   86   127   237   98.6   .2   24.8   42.2   4.4  
  Months  
26. More than 365 days 6.53   481   85   81   98.4   9.6   17.4   57.2   1.8  
27.   Minimal risk 6.52   66   106   123   100.0   11.4   1.4   57.7   .2  
28.   Low risk 6.71   69   99   42   99.9   4.2   3.7   45.5   3.2  
29.   Moderate risk 6.25   221   80   94   98.7   10.1   28.9   63.9   1.4  
30.   Other 6.52   82   78   60   94.4   6.8   18.7   69.6   3.4  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   7.5 - 99 5.54   958   3.2   251   89.6   3.7   69.4   82.7   5.8  
32.   100 - 999 4.94   1,998   3.0   202   86.9   5.9   71.0   81.5   6.2  
33.   1,000 - 9,999 5.02   915   3.5   213   81.5   6.8   75.0   75.5   5.4  
34.   10,000+ ...   ...   ...   ...   ...   ...   ...   ...   ...  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 4.93   2,799   3.3   51   84.3   5.5   104   83.9   6.2  
36.   Other 5.38   1,195   2.9   583   89.4   5.2   100   74.1   5.2   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, NOVEMBER 2-6, 2009                            For immediate release
5. Commercial and industrial loans made by U.S. branches and agencies of foreign banks1    December 23, 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 1.80   29,590   7,259   325   22.2   51.8   2.7   72.1   11.2  
 2.   Minimal risk 1.55   1,086   5,731   335   20.6   74.9   .0   100.0   9.4  
 3.   Low risk 1.32   3,026   4,738   153   27.5   90.9   6.1   81.4   18.6  
 4.   Moderate risk 1.21   4,804   6,520   153   62.2   86.5   4.7   45.2   12.3  
 5.   Other 1.86   8,773   5,893   170   26.4   66.3   3.0   46.3   15.2  
 
 6. Zero interval 3.77   1,100   1,320   825   47.9   11.2   53.3   100.0   15.5  
 7.   Minimal risk 2.71   114   1,581   860   6.2   6.2   .0   100.0   19.2  
 8.   Low risk 2.88   281   2,831   737   32.8   30.8   57.2   100.0   24.0  
 9.   Moderate risk 3.35   281   1,244   898   48.6   5.0   69.5   100.0   18.5  
10.   Other 4.92   424   972   824   68.6   3.7   54.3   100.0   6.9  
 
11. Daily 1.01   8,656   14,390   36   29.0   71.8   .6   25.7   6.4  
12.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
13.   Low risk .75   817   12,343   6   .0   100.0   .0   67.6   1.8  
14.   Moderate risk .74   2,657   25,985   1   84.5   98.8   .0   14.3   .5  
15.   Other 1.10   4,205   14,718   2   5.9   65.9   .0   7.5   10.1  
 
16. 2 to 30 days 1.73   13,532   7,903   400   18.9   44.4   .3   87.0   11.0  
17.   Minimal risk 1.23   864   9,902   262   15.7   84.1   .0   100.0   9.2  
18.   Low risk 1.24   1,650   6,636   97   39.4   98.9   .0   82.0   25.3  
19.   Moderate risk 1.29   1,430   5,422   183   34.7   85.3   .6   76.6   13.0  
20.   Other 2.08   3,256   5,916   185   39.3   74.6   .6   76.3   17.7  
 
21. 31 to 365 days 2.78   5,844   8,234   451   12.6   43.4   1.1   98.7   10.7  
22.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
23.   Low risk 1.78   254   1,287   387   26.5   75.7   .0   99.5   11.8  
24.   Moderate risk 2.30   403   3,163   538   23.1   67.9   1.0   94.5   16.6  
25.   Other 3.19   868   5,248   611   56.4   67.0   .1   93.9   13.6  
  Months  
26. More than 365 days 1.52   403   2,738   28   45.4   95.9   5.3   100.0   33.2  
27.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
28.   Low risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
29.   Moderate risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
30.   Other ...   ...   ...   ...   ...   ...   ...   ...   ...  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   7.5 - 99 3.07   19   3.4   89   49.9   23.5   35.0   92.9   14.2  
32.   100 - 999 2.67   539   3.3   47   38.4   40.7   29.2   92.5   19.8  
33.   1,000 - 9,999 1.94   6,223   3.3   61   30.6   47.9   8.2   89.0   15.7  
34.   10,000+ 1.74   22,809   3.4   25   19.5   53.1   .6   67.0   9.2  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 4.18   813   3.2   35   51.8   19.1   1,141   99.3   20.7  
36.   Other 1.73   28,777   3.4   33   21.4   52.7   8,556   71.3   10.8   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, NOVEMBER 2-6, 2009                                 For immediate release
6. Commercial and industrial loans by date pricing terms were set and commitment status         December 23, 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 2.06   26,363   701   3.2   49   31.1   39.4   16.2  
 2.   Not under commitment 1.99   12,804   522   3.3   53   44.7   55.2   20.5  
 3.   Informal commitment 1.65   10,589   1,615   3.1   29   5.2   26.3   4.5  
 4.   Formal commitment 3.78   2,970   455   3.1   102   65.1   17.8   38.7  
    Before survey week9
 5.   Up to 90 days 4.03   5,301   291   3.5   77   61.9   22.6   45.1  
 6.   91 to 365 days 3.65   8,931   273   3.1   68   46.6   35.7   37.2  
 6.   More than 365 days 2.49   17,189   925   3.4   116   55.4   31.7   29.5  
 
Domestic banks
 8. During survey week 3.90   7,448   209   2.9   130   71.6   12.9   54.7  
 9.   Not under commitment 3.88   4,544   189   2.8   140   70.2   9.3   57.8  
10.   Informal commitment 4.23   640   115   3.1   110   75.6   13.2   64.3  
11.   Formal commitment 3.82   2,264   370   3.2   115   73.2   20.1   46.0  
    Before survey week9
12.   Up to 90 days 3.87   4,183   232   3.4   86   64.8   11.7   56.3  
13.   91 to 365 days 3.68   5,902   182   3.3   84   65.8   16.3   55.2  
14.   More than 365 days 2.90   10,661   630   3.5   141   62.6   23.3   42.7  
 
Large domestic banks
15. During survey week 3.37   5,562   293   2.9   69   66.3   13.9   51.6  
16.   Not under commitment 3.49   3,784   226   2.7   77   66.9   10.4   57.5  
17.   Informal commitment 3.00   188   168   3.4   52   62.5   21.6   38.7  
18.   Formal commitment 3.12   1,590   1,374   3.4   54   65.2   21.2   39.2  
    Before survey week9
19.   Up to 90 days 3.62   3,431   294   3.4   40   59.8   14.0   52.8  
20.   91 to 365 days 3.48   5,044   239   3.3   95   63.3   18.9   51.7  
21.   More than 365 days 2.85   10,242   770   3.5   145   61.7   24.2   41.2  
 
Small domestic banks
22. During survey week 5.45   1,886   113   3.0   307   87.1   10.2   64.0  
23.   Not under commitment 5.85   760   104   3.1   452   86.3   3.9   59.2  
24.   Informal commitment 4.74   452   102   3.1   134   81.0   9.7   75.0  
25.   Formal commitment 5.47   674   136   2.8   259   92.0   17.6   62.1  
    Before survey week9
26.   Up to 90 days 5.01   752   119   3.3   295   87.7   1.3   72.2  
27.   91 to 365 days 4.83   858   75   3.2   18   80.6   1.5   75.3  
28.   More than 365 days 4.06   419   115   3.3   43   84.7   .4   79.0  
 
Foreign banks
29. During survey week 1.33   18,915   9,806   3.4   17   15.2   49.8   1.0  
30.   Not under commitment .95   8,260   16,412   3.6   5   30.6   80.5   .1  
31.   Informal commitment 1.48   9,949   9,816   3.1   24   .7   27.1   .7  
32.   Formal commitment 3.64   706   1,713   2.8   63   39.2   10.5   15.5  
    Before survey week9
33.   Up to 90 days 4.63   1,118   5,899   3.9   44   51.0   63.5   3.5  
34.   91 to 365 days 3.61   3,029   10,490   2.5   38   9.0   73.4   2.2  
35.   More than 365 days 1.83   6,528   3,911   3.3   74   43.6   45.5   8.0   
...  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 3.39   3.40   3.35   3.58   3.24  
Standard error of loan rate4 .30   .11   .16   .17   .45  

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, 2007, assets of the large banks were at least $3.7 billion. Median total assets for all insured banks were roughly $119 million. Assets at all U.S. branches and agencies averaged $6.8 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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