Board of Governors of the Federal Reserve System

Survey of Terms of Business Lending - E.2

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Changes to Items Report on the Release for December, 2012

On March 26, 2012, the Federal Reserve Board under OMB delegated authority approved the request to revise the data collected on the voluntary Survey of Terms of Lending (the source for the data used to produce the E.2 release). Effective with this release (for data collected for the week of November 5-12), the number of banks that is reporting the new items is sufficient to calculate meaningful summary statistics for those responses. Several changes, summarized below, have been made to the E.2 release.

  1. The minimum loan size reported on the survey is now $10,000, an increase from the previous minimum loan size of $7,500. This new minimum is reflected on all tables of the E.2 release.
  2. Loans guaranteed, either in part or in whole, by the Small Business Association (SBA) are now identified. The percent of loans backed by the SBA are now shown on tables 1-6. A new table summarizing the terms of loans backed by the SBA has been added (table 7).
  3. Loans made under syndication or participation are now identified. The percent of loans made under these arrangements are now shown on tables 1-6. A new table summarizing the terms of loans made under participation or syndication has been added (table 8).

In addition to these changes, the time series from the aggregate data reported on the E.2 release will be available for customizable download through the Federal Reserve Board's Data Download Program (DDP) in late January. These data will be updated quarterly with the E.2 release. Finally, we will no longer provide a PDF of the E.2 release.

Release Date: December 21, 2012

E.2 Survey of Terms of Business Lending
NOVEMBER 5-9, 2012

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 2.22 88,640 673 605 35.6 41.2 18.8 0.1 44.5 80.0 10.4
Minimal risk 0.98 6,979 2,422 162 11.7 70.3 2.8 0.0 19.9 58.1 1.7
Low risk 1.66 20,107 1,264 507 18.2 37.0 9.9 0.0 52.8 94.9 8.3
Moderate risk 2.68 31,273 508 914 42.4 22.7 24.0 0.2 59.5 90.9 12.7
Other 2.71 21,834 528 532 53.9 43.3 25.9 0.2 33.3 73.6 11.4
 
2.  Zero interval 3.44 16,258 326 750 71.6 24.3 57.7 0.1 38.1 95.9 11.2
Minimal risk 2.29 436 560 689 67.6 28.9 28.6 0.0 33.6 93.1 12.3
Low risk 2.99 2,060 431 838 62.8 8.2 54.0 0.0 51.6 90.3 12.1
Moderate risk 3.30 7,234 317 843 69.2 25.9 54.3 0.2 41.9 97.3 12.3
Other 3.78 5,935 315 612 76.2 25.0 62.9 0.1 29.7 96.6 9.7
 
3.  Daily 1.45 28,592 1,462 235 22.2 62.6 12.7 0.1 24.6 59.0 8.4
Minimal risk 0.64 5,165 6,758 24 2.0 81.0 1.2 0.0 20.8 44.9 0.4
Low risk 1.28 6,469 2,576 99 8.0 59.3 5.5 0.0 40.4 99.2 10.0
Moderate risk 2.52 5,974 691 739 37.6 26.0 33.1 0.1 45.5 86.4 10.2
Other 1.57 7,160 1,223 219 45.5 63.9 15.3 0.2 9.9 37.6 8.5
 
4.  2 to 30 days 2.06 30,268 677 720 28.8 35.4 9.4 0.1 56.8 87.5 10.9
Minimal risk 1.55 983 9,233 523 26.4 47.2 0.1 0.0 5.1 100.0 0.6
Low risk 1.49 9,078 1,562 584 14.0 29.5 4.9 0.0 59.7 94.7 6.7
Moderate risk 2.39 12,039 517 962 34.0 21.4 11.6 0.1 66.6 89.0 14.4
Other 2.53 6,038 504 666 42.2 49.6 8.8 0.2 49.7 86.9 12.5
 
5.  31 to 365 days 2.43 9,999 1,069 748 21.3 29.6 2.9 0.5 68.8 89.5 11.8
Minimal risk 2.40 282 328 240 25.4 46.1 1.2 0.0 9.2 89.5 1.3
Low risk 1.89 2,102 1,247 920 12.8 34.5 1.4 0.0 58.7 89.1 5.8
Moderate risk 2.37 4,611 1,364 810 18.7 15.5 1.6 0.8 79.9 95.3 13.5
Other 3.74 1,864 826 810 36.2 19.2 4.1 0.3 74.0 90.0 18.9
 Months 
6.  More than 365 days 3.78 2,848 384 60 73.1 34.8 8.0 0.3 64.6 80.7 8.1
Minimal risk 2.91 109 309 53 82.8 1.5 0.6 0.0 23.0 88.2 2.4
Low risk 3.37 389 395 57 77.7 5.8 11.7 0.2 73.2 82.0 7.2
Moderate risk 3.87 1,145 368 70 68.6 34.6 2.3 0.1 65.1 74.8 6.5
Other 4.63 446 233 53 84.4 11.6 14.2 1.1 54.1 74.5 9.7
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 4.13 3,160 3.2 89 91.3 8.4 63.1 1.4 12.3 71.4 8.7
8.  100 - 999 3.65 11,309 3.2 150 82.6 19.4 55.7 0.7 23.8 84.5 11.1
9.  1,000 - 9,999 2.77 22,117 3.1 128 48.2 33.3 25.3 0.0 57.9 91.2 13.8
10.  10,000+ 1.56 52,055 2.7 28 16.7 51.3 5.4 0.0 45.1 74.7 8.6
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.20 16,675 3.3 28 76.8 10.7 213 0.3 36.5 84.3 11.5
12.  Other 1.76 71,964 2.8 80 26.1 48.3 1,346 0.1 46.2 78.9 10.1

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 2.83 56,514 440 844 47.4 14.9 28.4 0.2 60.2 90.7 12.6
Minimal risk 1.56 1,439 633 351 35.8 13.0 9.9 0.1 62.7 42.4 7.7
Low risk 2.03 12,905 831 668 28.0 3.9 14.7 0.0 70.1 92.0 12.4
Moderate risk 2.83 27,311 449 982 45.1 14.9 27.0 0.3 62.9 91.5 13.2
Other 3.64 12,980 322 763 66.0 19.0 42.1 0.3 45.6 92.8 12.5
 
2.  Zero interval 3.41 15,523 315 737 72.7 24.9 58.0 0.1 36.5 95.7 11.0
Minimal risk 1.92 264 425 564 74.1 47.6 27.7 0.0 20.5 88.6 12.7
Low risk 2.89 1,881 396 805 68.5 9.0 55.5 0.0 49.3 89.4 12.6
Moderate risk 3.29 7,122 314 841 69.4 25.8 53.7 0.2 40.9 97.2 12.1
Other 3.73 5,694 306 586 76.0 25.7 62.9 0.1 28.0 96.4 9.3
 
3.  Daily 2.73 10,523 563 613 37.2 13.1 33.7 0.2 53.2 87.5 14.8
Minimal risk 1.07 874 1,966 84 10.8 1.1 7.4 0.0 86.1 13.6 6.6
Low risk 2.26 2,674 1,090 248 19.3 1.6 13.1 0.0 54.7 98.1 24.0
Moderate risk 2.77 5,152 604 836 40.5 17.8 38.2 0.1 52.3 91.0 10.9
Other 4.06 1,705 300 794 65.4 19.8 62.2 0.9 36.7 98.0 12.1
 
4.  2 to 30 days 2.38 20,136 463 907 36.2 9.3 13.9 0.1 73.9 89.1 13.1
Minimal risk 1.77 109 1,727 671 69.1 22.7 0.8 0.0 40.3 99.9 3.8
Low risk 1.60 6,435 1,146 665 19.4 1.8 6.5 0.0 79.9 92.6 8.7
Moderate risk 2.55 9,628 421 1,096 37.9 7.5 14.3 0.1 73.9 87.3 15.9
Other 3.17 3,399 293 892 52.8 16.0 15.5 0.4 64.0 86.3 15.5
 
5.  31 to 365 days 2.62 7,177 818 841 23.5 8.4 3.5 0.6 79.9 92.5 13.7
Minimal risk 3.56 81 105 311 72.2 30.3 4.1 0.0 24.5 64.5 5.2
Low risk 2.01 1,531 967 965 17.2 11.0 1.9 0.0 74.9 85.0 7.3
Moderate risk 2.40 4,003 1,222 811 14.9 4.8 1.9 1.0 82.8 96.4 13.8
Other 3.77 1,357 655 888 42.5 5.2 5.6 0.4 81.1 91.2 21.6
 Months 
6.  More than 365 days 3.91 2,484 343 62 77.5 28.5 6.1 0.3 59.9 77.9 6.4
Minimal risk 2.91 109 309 53 82.8 1.5 0.6 0.0 23.0 88.2 2.4
Low risk 3.43 376 383 58 80.4 2.5 12.1 0.2 72.2 81.3 6.7
Moderate risk 3.87 1,136 366 70 68.3 34.4 1.9 0.1 64.8 74.6 6.1
Other 4.63 432 230 53 84.0 10.9 13.6 0.9 52.2 73.7 9.4
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 4.14 3,140 3.2 89 91.6 8.3 63.4 1.4 12.1 71.2 8.7
8.  100 - 999 3.69 10,810 3.2 150 85.1 18.5 57.1 0.7 22.5 84.0 11.1
9.  1,000 - 9,999 2.94 17,931 3.1 138 55.1 23.2 29.3 0.0 63.2 93.6 14.7
10.  10,000+ 2.21 24,634 2.8 44 19.5 8.2 10.6 0.0 79.2 94.0 12.1
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.19 16,029 3.3 23 77.6 10.5 206 0.4 34.2 83.8 11.2
12.  Other 2.30 40,485 2.9 125 35.4 16.7 801 0.2 69.5 93.4 13.1

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 2.70 52,658 556 825 44.3 15.2 26.7 0.1 62.3 91.4 13.1
Minimal risk 1.27 1,291 1,215 259 30.1 14.3 9.7 0.1 67.1 38.8 9.1
Low risk 1.96 12,526 1,019 661 26.2 3.9 13.6 0.0 71.4 92.2 12.6
Moderate risk 2.70 25,420 559 951 41.8 14.6 25.5 0.1 64.7 92.2 13.9
Other 3.51 11,740 413 777 63.8 20.3 39.4 0.2 47.7 94.3 13.2
 
2.  Zero interval 3.32 14,255 401 764 71.8 26.9 55.9 0.1 38.3 95.9 11.5
Minimal risk 1.81 254 537 575 73.3 49.7 25.4 0.0 21.1 88.6 13.1
Low risk 2.86 1,799 423 826 68.5 9.4 55.4 0.0 51.0 88.9 12.9
Moderate risk 3.19 6,502 407 872 67.8 28.1 51.6 0.2 42.4 97.4 12.8
Other 3.63 5,174 403 604 75.6 27.6 59.6 0.1 30.2 97.0 9.6
 
3.  Daily 2.60 9,831 788 631 33.4 13.9 29.8 0.1 55.0 86.9 15.5
Minimal risk 1.05 866 2,446 83 10.1 1.1 6.7 0.0 86.4 12.9 6.9
Low risk 2.18 2,567 1,514 248 16.3 1.6 10.2 0.0 55.3 98.0 24.6
Moderate risk 2.66 4,815 813 861 36.9 18.8 34.8 0.1 54.1 90.7 11.4
Other 3.92 1,473 480 874 61.5 22.4 56.4 0.4 38.4 98.7 13.1
 
4.  2 to 30 days 2.36 19,912 485 912 35.6 9.3 13.4 0.1 74.4 89.0 13.2
Minimal risk 1.50 100 1,903 697 66.3 24.7 0.9 0.0 46.8 99.9 4.2
Low risk 1.59 6,413 1,192 666 19.1 1.6 6.3 0.0 80.1 92.5 8.7
Moderate risk 2.53 9,516 442 1,101 37.3 7.6 13.8 0.1 74.1 87.3 16.0
Other 3.14 3,322 307 902 52.1 16.4 14.6 0.3 65.0 86.1 15.7
 
5.  31 to 365 days 2.43 6,661 2,114 880 17.9 9.0 2.4 0.2 81.7 94.9 14.2
Minimal risk 1.56 34 225 369 37.2 67.1 0.6 0.0 40.1 84.1 8.5
Low risk 1.88 1,469 1,963 996 13.9 11.4 1.1 0.0 76.3 85.5 7.3
Moderate risk 2.30 3,846 3,118 823 11.6 5.0 0.8 0.2 84.3 97.1 14.1
Other 3.49 1,160 1,468 997 33.2 5.7 4.3 0.3 81.4 99.7 22.5
 Months 
6.  More than 365 days 3.17 1,371 761 43 67.1 25.0 4.2 0.4 83.4 91.8 9.4
Minimal risk 1.75 36 1,905 28 97.5 1.0 1.8 0.0 2.0 99.5 5.9
Low risk 2.88 277 1,265 49 73.7 3.2 8.9 0.3 92.9 88.5 7.9
Moderate risk 2.67 483 713 39 40.5 11.8 1.8 0.0 85.2 92.2 11.4
Other 4.16 242 523 42 79.1 7.1 10.0 1.8 79.5 87.2 13.6
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 3.78 2,272 3.2 28 92.4 10.4 62.4 1.6 6.5 66.8 10.3
8.  100 - 999 3.49 8,857 3.2 51 84.1 20.7 57.1 0.3 21.2 83.4 12.6
9.  1,000 - 9,999 2.85 16,895 3.1 65 53.2 23.1 29.3 0.0 64.5 95.3 15.2
10.  10,000+ 2.21 24,634 2.8 44 19.5 8.2 10.6 0.0 79.2 94.0 12.1
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.13 14,043 3.3 7 76.3 11.5 251 0.3 36.5 83.0 12.0
12.  Other 2.19 38,615 2.9 67 32.7 16.5 997 0.1 70.6 94.5 13.5

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 4.62 3,856 114 1,107 88.4 11.6 51.5 1.4 31.8 80.4 4.3
Minimal risk 4.14 147 122 1,171 86.3 2.2 12.3 0.0 23.0 74.4 0.9
Low risk 4.32 379 117 929 87.1 2.8 51.6 0.0 25.3 85.6 6.4
Moderate risk 4.50 1,891 124 1,417 88.6 18.7 47.0 2.0 38.0 82.1 3.6
Other 4.85 1,240 104 629 86.9 6.5 67.3 1.3 25.8 78.7 5.3
 
2.  Zero interval 4.45 1,267 93 373 82.7 3.4 82.1 0.1 14.9 93.5 5.5
Minimal risk 4.41 11 72 191 94.3 0.0 80.8 0.0 3.2 89.1 3.1
Low risk 3.40 83 163 222 69.0 0.0 57.2 0.0 1.0 99.3 6.4
Moderate risk 4.36 621 93 401 85.7 1.2 75.0 0.0 22.1 95.2 4.8
Other 4.67 520 90 380 79.8 6.9 96.3 0.3 5.8 90.8 6.1
 
3.  Daily 4.46 692 111 341 91.8 2.9 90.0 1.5 28.8 95.8 5.5
Minimal risk 4.08 7 79 273 94.4 0.0 87.5 0.0 34.6 95.4 3.1
Low risk 4.13 106 141 253 90.0 1.0 84.9 0.0 38.5 99.7 9.8
Moderate risk 4.23 338 129 422 93.0 3.2 86.2 0.0 26.4 95.6 4.6
Other 4.93 232 89 284 90.4 3.6 98.5 3.9 26.3 94.1 5.1
 
4.  2 to 30 days 4.24 224 93 512 86.8 5.6 55.1 1.2 38.5 93.6 4.6
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 3.87 22 91 163 97.0 42.3 69.8 0.0 16.9 100.0 3.6
Moderate risk 4.14 112 83 633 85.4 1.6 56.9 0.3 56.9 91.8 5.4
Other 4.32 77 103 465 83.8 2.1 56.6 3.2 20.9 94.6 4.0
 
5.  31 to 365 days 5.15 516 92 334 96.3 1.5 17.0 6.7 55.8 62.0 4.9
Minimal risk 4.99 47 76 267 97.3 4.0 6.7 0.0 11.7 50.4 1.2
Low risk 5.13 61 74 223 96.5 0.0 21.3 0.0 41.6 74.4 6.3
Moderate risk 4.86 157 77 526 94.0 0.5 27.9 20.1 45.3 79.0 4.4
Other 5.44 197 154 220 97.5 2.5 13.4 1.5 79.3 41.4 8.2
 Months 
6.  More than 365 days 4.82 1,114 205 86 90.2 32.8 8.3 0.1 38.2 60.9 0.9
Minimal risk 3.48 73 219 65 75.5 1.8 0.0 0.0 33.3 82.6 0.3
Low risk 4.98 98 129 83 99.3 0.4 21.1 0.0 18.3 61.1 2.0
Moderate risk 4.75 653 269 93 88.9 51.1 2.0 0.2 49.8 61.5 0.2
Other 5.23 190 134 68 90.3 15.8 18.2 0.0 26.8 56.5 1.1
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 5.07 867 3.3 251 89.6 2.9 66.1 0.7 26.7 82.8 5.3
8.  100 - 999 4.58 1,953 3.2 594 89.6 8.5 57.0 2.4 28.1 87.2 4.8
9.  1,000 - 9,999 4.30 1,036 3.2 1,314 85.0 24.9 29.1 0.0 42.3 65.4 2.3
10.  10,000+ ... ... ... ... ... ... ... ... ... ... ...
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.63 1,987 3.4 133 86.8 3.4 91 0.8 19.2 89.3 5.7
12.  Other 4.60 1,870 3.0 1,324 90.0 20.4 158 2.0 45.7 70.8 2.5

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 1.14 32,126 9,418 218 15.0 87.4 2.0 0.0 17.2 61.1 4.6
Minimal risk 0.83 5,540 9,085 114 5.5 85.2 0.9 0.0 8.0 62.2 0.7
Low risk 0.99 7,202 18,684 241 0.5 96.2 1.4 0.0 22.8 100.0 1.4
Moderate risk 1.69 3,961 4,979 494 23.8 77.0 3.6 0.0 37.4 86.5 9.1
Other 1.36 8,854 8,762 223 36.1 79.0 2.2 0.0 15.8 45.4 8.0
 
2.  Zero interval 4.04 735 1,319 1,020 49.3 11.4 51.3 0.0 94.8 100.0 15.0
Minimal risk 2.86 171 1,107 872 57.5 0.0 30.0 0.0 100.0 100.0 11.7
Low risk 4.11 179 6,325 1,104 2.0 0.0 38.7 0.0 100.0 100.0 7.3
Moderate risk 4.15 112 743 951 58.2 29.9 93.0 0.0 100.0 100.0 27.5
Other 5.04 241 1,083 1,240 81.1 7.3 63.5 0.0 87.7 100.0 19.3
 
3.  Daily 0.70 18,069 20,589 32 13.4 91.3 0.5 0.0 9.9 42.5 0.8
Minimal risk 0.55 4,292 13,407 13 0.2 97.3 0.0 0.0 7.9 51.3 0.1
Low risk 0.59 3,796 64,553 2 0.1 99.9 0.1 0.0 30.7 100.0 0.4
Moderate risk 0.95 822 7,400 186 18.9 77.9 1.1 0.0 10.9 57.0 2.7
Other 0.80 5,454 31,702 50 39.2 77.7 0.6 0.0 2.4 18.8 2.6
 
4.  2 to 30 days 1.44 10,133 8,429 383 14.1 87.5 0.6 0.0 21.4 84.4 6.2
Minimal risk 1.52 874 20,068 502 21.1 50.2 0.0 0.0 0.0 100.0 0.2
Low risk 1.23 2,643 13,636 401 1.0 97.1 1.1 0.0 10.5 100.0 2.2
Moderate risk 1.72 2,412 5,757 498 18.5 76.7 1.1 0.0 37.7 95.5 8.9
Other 1.72 2,640 6,529 415 28.5 92.8 0.1 0.0 31.2 87.7 8.7
 
5.  31 to 365 days 1.93 2,822 4,848 509 15.6 83.5 1.5 0.0 34.1 81.5 6.2
Minimal risk 1.94 200 2,301 209 6.4 52.5 0.0 0.0 0.0 100.0 0.2
Low risk 1.54 571 5,581 801 0.8 97.5 0.0 0.0 16.3 100.0 2.2
Moderate risk 2.12 608 5,813 803 44.2 85.3 0.0 0.0 60.9 87.8 11.2
Other 3.67 506 2,789 605 19.2 56.7 0.0 0.0 55.3 86.7 11.1
 Months 
6.  More than 365 days 2.86 364 1,941 44 43.1 78.1 21.2 0.3 98.0 100.0 16.8
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk ... ... ... ... ... ... ... ... ... ... ...
Moderate risk ... ... ... ... ... ... ... ... ... ... ...
Other 4.73 14 447 39 94.3 34.5 34.2 5.5 99.7 100.0 15.3
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 3.43 20 2.6 42 42.5 13.7 26.1 0.0 74.5 98.3 6.6
8.  100 - 999 2.86 498 2.7 158 30.3 39.2 24.9 0.2 62.5 95.0 11.2
9.  1,000 - 9,999 2.07 4,186 3.1 88 19.0 76.7 7.9 0.0 33.7 80.7 9.3
10.  10,000+ 0.97 27,421 2.6 13 14.1 90.0 0.7 0.0 14.4 57.4 3.4
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.40 646 3.0 160 57.2 15.0 1,295 0.1 93.8 97.8 17.8
12.  Other 1.08 31,480 2.6 22 14.1 88.9 10,809 0.0 15.8 60.3 4.2

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 1.60 35,847 842 2.7 93 28.3 66.0 12.3 0.2 16.8
Not under commitment 1.47 17,764 570 2.9 83 31.6 65.7 14.7 0.0 8.0
Informal commitment 0.95 10,326 2,246 2.1 38 9.0 92.8 2.1 0.0 19.8
Formal commitment 2.78 7,757 1,141 2.9 187 46.3 31.2 20.7 0.8 38.2
2.  Before survey week 11  
Up to 90 days 2.52 10,094 432 3.1 86 38.7 45.5 25.0 0.3 32.8
91 to 365 days 2.56 19,690 475 2.9 47 40.4 20.8 23.4 0.1 64.6
More than 365 days 2.78 22,888 940 3.1 48 41.7 17.8 22.4 0.1 75.5
 
Domestic banks
3.  During survey week 3.27 11,517 281 2.9 275 66.7 12.1 37.4 0.5 38.1
Not under commitment 3.36 5,265 172 2.7 271 67.3 7.7 49.3 0.1 26.5
Informal commitment 4.00 805 193 3.1 411 94.8 16.7 24.8 0.4 52.3
Formal commitment 3.08 5,447 886 3.1 258 62.0 15.6 27.8 1.1 49.5
4.  Before survey week 11  
Up to 90 days 3.02 6,553 289 3.1 120 56.5 22.1 37.5 0.4 46.0
91 to 365 days 2.54 18,466 449 2.9 41 40.9 17.5 24.7 0.1 63.5
More than 365 days 2.80 19,978 848 3.1 35 39.2 11.9 23.6 0.1 73.3
 
Large domestic banks
5.  During survey week 2.97 9,776 346 2.9 93 62.7 11.2 38.3 0.2 38.3
Not under commitment 3.03 4,508 183 2.6 62 62.8 5.9 52.9 0.1 25.0
Informal commitment 3.43 469 340 3.2 30 96.0 5.8 17.0 0.0 63.5
Formal commitment 2.86 4,800 2,143 3.1 128 59.4 16.8 26.6 0.3 51.1
6.  Before survey week 11  
Up to 90 days 2.82 5,745 362 3.1 79 51.8 23.4 34.4 0.3 48.8
91 to 365 days 2.43 17,427 582 2.9 37 38.2 18.3 22.0 0.1 65.6
More than 365 days 2.78 19,710 958 3.1 35 38.5 12.0 22.8 0.1 73.8
 
Small domestic banks
7.  During survey week 4.97 1,741 136 3.1 1,304 89.3 16.9 32.7 2.1 37.2
Not under commitment 5.30 758 124 3.2 1,509 94.4 18.4 28.0 0.0 35.0
Informal commitment 4.80 336 121 3.0 942 93.1 32.0 35.6 0.8 37.2
Formal commitment 4.67 647 166 3.0 1,250 81.3 7.3 36.6 5.1 39.9
8.  Before survey week 11  
Up to 90 days 4.44 808 119 3.4 412 90.4 13.1 59.0 1.2 26.8
91 to 365 days 4.27 1,039 93 3.3 119 85.7 3.8 69.4 0.4 23.9
More than 365 days 4.18 268 90 3.3 23 86.5 3.4 82.0 0.2 36.8
 
Foreign banks
9.  During survey week 0.81 24,330 15,488 2.5 7 10.1 91.6 0.5 0.0 7.4
Not under commitment 0.67 12,499 25,470 3.1 4 16.6 90.1 0.1 0.0 0.3
Informal commitment 0.69 9,521 22,304 2.0 6 1.7 99.2 0.1 0.0 17.0
Formal commitment 2.06 2,311 3,536 2.6 21 9.3 68.0 3.8 0.0 8.6
10.  Before survey week 11  
Up to 90 days 1.58 3,540 5,348 3.0 23 5.8 88.7 1.9 0.0 8.9
91 to 365 days 2.94 1,224 3,799 3.0 135 33.0 71.3 4.5 0.0 84.5
More than 365 days 2.64 2,910 3,622 3.2 134 59.1 58.7 14.0 0.0 91.9

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 5.38 117 76 3.4 167 91.7 9.3 42.1 22.9
2.  Domestic banks 5.38 116 76 3.3 165 92.3 8.7 41.7 22.4
3.  Large domestic banks 5.56 67 55 3.4 168 88.0 11.8 48.6 0.0
4.  Small domestic banks 5.12 49 156 3.3 162 98.2 4.4 32.3 56.7
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 2.52 36,611 1,801 2.9 87 27.2 18.4 14.2 0.1
2.  Domestic banks 2.56 31,435 1,629 2.9 86 25.1 9.3 14.8 0.1
3.  Large domestic banks 2.48 30,314 2,714 2.9 56 22.8 9.1 14.2 0.0
4.  Small domestic banks 4.81 1,121 138 3.2 903 87.2 17.0 31.8 2.2
5.  Foreign banks 2.28 5,177 5,047 2.8 89 39.4 73.5 10.0 0.0

Summary statistics All
commercial
banks
Domestic
banks
Large
domestic
banks
Small
domestic
banks
Foreign
banks
1.  Average reported prime rate 3.37 3.38 3.36 3.50 3.19
2.  Standard error of loan rate .11 .20 .21 .13 .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 September 30, 2012, assets of the large banks were at least $4.5 billion. Median total assets for all insured banks were roughly $155 million. Assets at all U.S. branches and agencies averaged $9.2 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 Association (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 21, 2012