Board of Governors of the Federal Reserve System

Survey of Terms of Business Lending - E.2

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Release Date: March 29, 2013

E.2 Survey of Terms of Business Lending
FEBRUARY 4-8, 2013

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 2.28 80,441 591 533 38.0 40.7 19.3 0.9 37.1 76.7 12.1
Minimal risk 1.13 5,249 1,960 189 14.2 54.5 3.8 0.0 31.8 37.2 4.1
Low risk 1.69 14,707 907 428 22.2 44.5 11.6 0.0 26.3 94.4 9.2
Moderate risk 2.54 28,718 451 724 40.2 21.7 23.4 0.2 51.3 90.8 14.8
Other 2.75 23,934 552 566 55.1 42.8 23.8 0.1 31.6 69.0 11.7
 
2.  Zero interval 3.37 20,509 305 772 67.1 24.2 56.8 0.2 37.3 95.8 13.7
Minimal risk 2.17 464 645 492 81.0 38.4 35.4 0.1 16.1 91.8 9.5
Low risk 2.81 1,967 311 883 61.8 9.6 54.1 0.1 42.5 88.8 14.5
Moderate risk 3.14 9,643 321 774 61.7 25.5 52.0 0.3 37.5 98.0 13.8
Other 3.77 7,806 296 764 72.5 23.9 62.4 0.1 38.0 95.3 14.2
 
3.  Daily 0.95 19,953 3,296 66 22.1 73.3 3.1 1.0 14.0 33.0 9.4
Minimal risk 0.74 3,335 12,068 17 2.7 67.0 0.8 0.0 30.5 6.2 0.7
Low risk 1.01 2,793 2,181 44 7.9 70.7 4.8 0.0 8.5 100.0 9.6
Moderate risk 1.80 2,789 1,221 455 7.7 19.3 12.0 0.1 39.8 84.6 12.4
Other 0.79 6,871 4,900 38 56.1 83.4 1.7 0.0 2.7 13.8 4.8
 
4.  2 to 30 days 1.94 29,818 1,097 534 24.3 38.3 2.8 0.9 52.6 94.0 12.4
Minimal risk 0.99 729 4,600 553 1.8 59.7 0.1 0.0 41.5 100.0 0.5
Low risk 1.43 8,141 3,406 435 11.1 49.0 0.4 0.0 28.6 99.1 7.8
Moderate risk 1.98 12,693 1,004 670 24.3 22.7 1.2 0.0 69.4 95.6 16.5
Other 2.68 6,413 789 520 40.2 37.9 2.6 0.2 56.4 91.1 12.2
 
5.  31 to 365 days 3.31 5,882 654 870 25.1 18.6 4.3 2.2 37.8 94.2 8.7
Minimal risk 2.26 637 503 307 33.9 1.6 1.3 0.0 28.8 95.1 5.3
Low risk 1.95 1,096 698 352 27.0 34.0 2.7 0.0 26.0 93.8 9.8
Moderate risk 2.60 1,719 438 559 31.5 16.5 5.9 0.2 46.8 92.6 15.2
Other 4.94 1,906 1,297 1,591 15.6 9.0 3.5 0.2 26.9 95.7 4.0
 Months 
6.  More than 365 days 4.20 2,265 324 51 74.6 26.4 13.3 3.7 66.5 83.4 8.9
Minimal risk 3.49 83 328 47 57.6 1.9 1.9 0.0 89.4 94.5 10.6
Low risk 3.38 279 255 45 75.9 7.2 14.6 0.1 65.5 83.4 13.2
Moderate risk 4.53 729 227 59 83.0 8.9 5.2 1.4 44.8 69.3 4.6
Other 4.83 505 371 47 74.7 10.5 16.1 0.6 62.4 84.0 9.5
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 4.07 3,256 3.2 98 90.0 9.3 63.4 1.3 12.5 72.5 9.9
8.  100 - 999 3.60 11,560 3.2 101 80.2 18.7 56.8 0.7 24.8 85.9 12.1
9.  1,000 - 9,999 2.69 21,046 3.1 92 45.2 31.7 25.7 0.8 53.9 91.2 14.7
10.  10,000+ 1.61 44,578 2.9 30 19.9 52.9 3.4 1.0 34.2 67.8 10.5
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.19 15,545 3.3 33 75.4 7.7 192 0.7 35.8 82.5 12.5
12.  Other 1.82 64,895 3.0 64 29.1 48.6 1,179 0.9 37.4 75.3 11.9

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 2.96 49,703 374 792 47.7 14.7 29.9 0.2 48.4 90.2 14.2
Minimal risk 1.39 1,709 767 191 31.9 11.3 11.8 0.0 72.3 37.0 10.8
Low risk 2.20 8,295 525 566 37.7 4.9 19.9 0.0 40.5 90.6 15.5
Moderate risk 2.75 23,844 380 833 42.8 13.0 27.2 0.2 52.8 92.0 15.5
Other 3.78 13,969 330 914 59.6 17.8 38.9 0.2 43.4 92.7 12.6
 
2.  Zero interval 3.34 19,998 300 763 67.4 24.6 55.7 0.2 35.6 95.7 13.5
Minimal risk 2.17 463 647 492 81.0 38.4 35.4 0.1 16.1 91.8 9.5
Low risk 2.79 1,922 306 872 63.0 9.9 53.1 0.1 41.1 88.5 14.6
Moderate risk 3.11 9,422 316 765 61.6 25.8 51.0 0.3 36.1 97.9 13.6
Other 3.74 7,560 289 755 72.9 24.6 61.2 0.1 35.8 95.1 13.9
 
3.  Daily 1.86 4,208 763 339 14.8 0.4 14.8 0.1 57.8 71.5 18.9
Minimal risk 0.91 1,102 4,220 49 8.2 0.0 2.4 0.0 92.1 8.3 1.6
Low risk 1.90 823 675 250 26.7 0.7 16.0 0.0 28.7 99.9 32.2
Moderate risk 2.15 2,091 954 631 10.0 0.1 15.9 0.1 52.7 91.7 14.8
Other 3.98 175 142 662 53.0 4.2 66.2 0.8 45.3 93.1 8.6
 
4.  2 to 30 days 2.33 17,703 688 724 29.8 9.5 4.6 0.1 67.0 98.5 15.9
Minimal risk 2.08 14 158 607 52.1 28.2 4.7 0.0 65.4 100.0 14.3
Low risk 1.73 4,142 1,940 466 20.9 2.7 0.8 0.0 47.2 99.2 13.2
Moderate risk 2.19 9,113 749 919 22.6 6.2 1.5 0.1 77.8 99.0 18.2
Other 3.12 3,910 511 709 47.9 14.3 4.2 0.3 70.1 97.0 14.6
 
5.  31 to 365 days 3.74 4,006 482 1,087 22.8 5.9 5.7 0.2 34.5 93.6 9.1
Minimal risk 2.52 112 119 237 47.7 8.4 7.4 0.0 48.4 79.2 27.0
Low risk 2.13 708 472 272 29.8 11.5 3.8 0.0 28.9 91.1 13.0
Moderate risk 2.62 1,350 354 572 28.0 3.6 7.2 0.3 43.2 91.2 15.6
Other 5.27 1,531 1,135 1,867 12.0 1.4 4.4 0.3 19.9 97.6 2.5
 Months 
6.  More than 365 days 4.32 1,781 264 52 78.5 25.0 9.0 1.5 59.2 78.9 7.2
Minimal risk 3.15 18 80 34 100.0 8.8 8.9 0.0 50.7 74.4 3.4
Low risk 3.36 270 248 46 75.1 7.4 15.1 0.1 64.4 82.9 12.9
Moderate risk 4.54 722 226 59 83.7 8.3 5.2 1.5 44.9 69.0 4.6
Other 4.60 364 281 52 65.4 11.0 18.8 0.8 50.0 77.7 5.5
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 4.07 3,242 3.2 97 90.2 9.3 63.5 1.3 12.4 72.4 9.9
8.  100 - 999 3.63 11,034 3.3 97 82.3 17.7 58.0 0.5 22.9 85.6 12.0
9.  1,000 - 9,999 2.91 16,008 3.1 87 50.8 20.1 31.3 0.1 57.4 95.3 15.7
10.  10,000+ 2.44 19,419 3.0 46 18.3 9.4 7.1 0.0 61.8 91.5 14.8
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.19 14,848 3.3 22 76.4 7.6 184 0.4 32.8 81.8 12.1
12.  Other 2.43 34,855 3.0 92 35.4 17.7 667 0.1 55.0 93.7 15.0

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 2.83 45,869 457 796 45.1 15.6 26.7 0.1 49.6 91.0 14.9
Minimal risk 1.26 1,625 1,566 181 29.0 11.9 11.2 0.0 74.4 34.9 11.9
Low risk 2.09 7,843 641 568 35.2 5.1 17.2 0.0 40.7 90.8 16.1
Moderate risk 2.60 22,312 455 846 40.0 13.6 25.3 0.1 54.2 92.7 16.1
Other 3.71 12,349 405 918 58.2 19.3 33.1 0.2 45.1 94.8 13.1
 
2.  Zero interval 3.23 17,958 352 778 67.2 26.9 51.7 0.2 35.9 96.8 14.2
Minimal risk 2.13 456 741 494 80.8 39.1 34.6 0.1 16.4 91.6 9.7
Low risk 2.69 1,765 333 917 63.3 10.7 49.7 0.1 41.9 88.0 15.5
Moderate risk 3.01 8,721 364 792 60.4 27.5 48.0 0.2 37.2 98.3 14.2
Other 3.64 6,457 358 747 74.4 27.8 55.2 0.1 35.5 97.8 14.7
 
3.  Daily 1.71 3,969 1,305 341 10.1 0.1 10.1 0.1 59.2 69.8 19.9
Minimal risk 0.88 1,095 6,818 48 7.6 0.0 1.7 0.0 92.4 7.6 1.7
Low risk 1.58 725 1,189 234 17.4 0.0 5.4 0.0 25.9 99.9 36.0
Moderate risk 2.08 2,026 1,472 641 7.4 0.0 13.7 0.1 53.5 91.4 15.1
Other 3.46 105 362 913 29.4 0.1 46.1 0.9 61.8 89.0 3.4
 
4.  2 to 30 days 2.31 17,408 756 724 28.7 9.6 3.4 0.1 67.6 99.0 16.0
Minimal risk 2.02 12 265 664 43.7 33.1 0.1 0.0 64.8 100.0 16.3
Low risk 1.71 4,111 2,192 467 20.3 2.6 0.5 0.0 47.4 99.3 13.2
Moderate risk 2.17 9,020 831 929 21.9 6.2 0.8 0.0 78.2 99.0 18.3
Other 3.11 3,758 540 687 45.9 14.7 1.3 0.3 72.0 98.9 14.7
 
5.  31 to 365 days 3.51 3,442 1,634 1,203 13.0 6.7 2.0 0.1 34.6 96.1 9.9
Minimal risk 1.29 58 291 178 17.6 16.0 7.4 0.0 68.2 85.9 47.3
Low risk 1.85 618 814 276 19.8 13.2 3.0 0.0 27.7 92.3 14.0
Moderate risk 1.90 1,076 1,548 580 15.0 4.2 0.7 0.1 44.8 95.5 18.4
Other 5.22 1,403 5,485 2,009 6.0 1.4 1.0 0.1 19.2 98.5 2.4
 Months 
6.  More than 365 days 3.83 1,112 590 53 72.6 36.0 3.9 0.2 72.0 91.0 9.4
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 2.74 205 808 45 68.1 9.8 5.3 0.1 71.2 93.7 12.9
Moderate risk 3.53 327 423 75 71.3 13.3 3.6 0.5 40.1 84.3 7.9
Other 4.79 208 542 44 60.6 5.4 9.2 0.2 85.0 86.2 8.3
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 3.76 2,425 3.2 35 91.4 11.2 62.2 1.4 6.7 68.9 11.1
8.  100 - 999 3.43 9,122 3.3 58 82.9 20.2 56.3 0.3 21.4 85.3 13.3
9.  1,000 - 9,999 2.82 15,059 3.1 65 50.0 21.2 29.3 0.0 57.7 96.6 16.2
10.  10,000+ 2.43 19,262 3.0 46 17.6 9.5 6.3 0.0 62.3 92.2 14.8
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.14 12,269 3.3 6 77.3 8.3 208 0.3 33.0 81.9 13.2
12.  Other 2.35 33,599 3.0 69 33.4 18.2 810 0.1 55.6 94.4 15.4

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 4.54 3,835 119 751 78.0 4.4 67.3 1.2 34.1 79.9 5.8
Minimal risk 3.82 84 70 393 86.8 0.0 22.4 0.0 34.8 76.7 1.5
Low risk 4.23 451 127 530 81.9 1.9 66.1 0.0 37.1 86.6 5.6
Moderate risk 4.84 1,532 112 691 82.9 3.5 55.8 1.5 33.4 80.5 4.5
Other 4.33 1,620 138 891 70.7 6.5 83.3 0.6 31.2 77.1 7.5
 
2.  Zero interval 4.33 2,040 129 625 69.6 4.7 90.7 0.5 33.4 86.1 6.9
Minimal risk 3.97 8 76 406 92.8 0.0 85.7 0.0 0.0 100.0 3.0
Low risk 3.96 157 160 477 59.8 0.0 90.9 0.0 32.4 94.8 4.6
Moderate risk 4.45 701 119 414 76.5 4.7 87.5 1.3 23.1 92.9 6.2
Other 4.30 1,103 136 809 64.5 5.8 96.1 0.1 37.6 79.7 8.0
 
3.  Daily 4.42 239 97 320 92.6 5.8 92.7 0.5 34.9 99.6 7.5
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 4.33 97 160 307 96.2 5.7 94.3 0.0 49.6 100.0 4.1
Moderate risk 4.19 65 79 454 90.8 1.7 85.2 1.2 25.7 99.4 4.7
Other 4.75 70 74 197 88.5 10.4 96.6 0.6 20.3 99.3 15.6
 
4.  2 to 30 days 3.77 295 109 712 95.6 2.4 73.5 0.9 33.9 69.8 7.3
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 3.82 30 117 322 99.4 10.3 46.0 0.0 22.6 87.3 7.5
Moderate risk 4.24 94 71 282 90.2 0.6 73.4 1.1 41.7 94.9 7.8
Other 3.39 152 215 1,098 97.8 2.2 77.8 1.1 24.6 48.3 7.6
 
5.  31 to 365 days 5.14 565 91 409 82.3 1.0 28.3 1.2 33.8 78.3 2.7
Minimal risk 3.86 53 72 258 80.4 0.0 7.4 0.0 26.8 71.8 0.6
Low risk 4.07 90 121 245 98.8 0.0 9.3 0.0 37.1 83.4 5.8
Moderate risk 5.44 275 88 543 78.9 1.3 32.8 1.2 36.8 74.1 1.7
Other 5.76 128 117 319 78.0 1.3 41.7 2.6 26.8 87.9 3.1
 Months 
6.  More than 365 days 5.13 669 138 51 88.3 6.7 17.4 3.5 37.8 58.9 1.7
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 5.31 65 78 47 97.2 0.0 45.8 0.0 42.8 48.8 13.1
Moderate risk 5.37 395 163 45 94.0 4.1 6.6 2.2 48.9 56.3 0.6
Other 4.35 155 171 63 71.7 18.5 31.5 1.7 3.3 66.4 0.5
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 5.02 817 3.3 235 86.7 3.6 67.5 0.9 29.2 82.8 6.8
8.  100 - 999 4.59 1,913 3.3 264 79.5 5.7 66.5 1.3 30.0 87.2 6.1
9.  1,000 - 9,999 4.20 948 3.3 437 63.9 3.0 63.1 1.3 52.4 75.7 4.0
10.  10,000+ ... ... ... ... ... ... ... ... ... ... ...
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.43 2,579 3.4 88 72.3 4.4 120 0.8 32.1 81.6 6.8
12.  Other 4.76 1,256 3.0 708 89.9 4.4 117 1.9 38.2 76.4 3.3

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 30,737 9,112 209 22.5 82.6 2.3 2.0 19.5 54.8 6.2
Minimal risk 1.00 3,540 7,887 188 5.6 75.3 0.0 0.0 13.8 37.3 0.7
Low risk 1.02 6,412 14,962 296 2.1 95.7 0.8 0.0 8.0 99.4 1.6
Moderate risk 1.54 4,875 5,449 343 27.2 64.1 4.8 0.0 44.3 85.0 11.3
Other 1.31 9,965 9,643 155 48.8 77.9 2.7 0.0 15.8 35.6 8.8
 
2.  Zero interval 4.37 512 1,146 1,097 56.7 8.1 98.0 0.0 97.1 100.0 20.4
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 3.59 45 1,374 1,245 7.4 0.0 100.0 0.0 100.0 100.0 11.1
Moderate risk 4.15 221 1,064 1,141 63.4 14.1 95.6 0.0 95.7 100.0 19.6
Other 4.71 245 1,204 1,031 59.6 4.3 99.8 0.0 97.8 100.0 22.7
 
3.  Daily 0.70 15,745 29,284 20 24.0 92.8 0.0 1.3 2.3 22.7 1.4
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 0.64 1,971 31,342 1 0.0 100.0 0.1 0.0 0.1 100.0 0.1
Moderate risk 0.77 698 7,491 195 0.9 76.8 0.2 0.0 1.1 63.5 2.1
Other 0.71 6,696 40,110 25 56.1 85.5 0.0 0.0 1.6 11.7 4.0
 
4.  2 to 30 days 1.38 12,115 8,387 350 16.2 80.4 0.2 2.0 31.6 87.4 6.6
Minimal risk 0.97 716 10,003 552 0.9 60.3 0.0 0.0 41.0 100.0 0.2
Low risk 1.12 3,999 15,677 409 0.9 96.8 0.0 0.0 9.4 99.1 2.2
Moderate risk 1.42 3,580 7,516 304 28.4 64.7 0.5 0.0 48.0 86.9 11.8
Other 1.98 2,503 5,321 323 28.1 74.7 0.1 0.0 35.0 81.9 7.9
 
5.  31 to 365 days 2.38 1,876 2,732 421 30.1 45.8 1.3 6.3 44.9 95.7 7.8
Minimal risk 2.20 526 1,595 317 31.0 0.1 0.0 0.0 24.6 100.0 0.0
Low risk 1.62 388 5,600 492 21.8 74.8 0.7 0.0 20.8 100.0 3.2
Moderate risk 2.54 368 3,398 514 44.4 63.7 1.0 0.0 59.9 98.0 13.9
Other 3.58 375 3,109 471 30.1 39.9 0.0 0.0 55.7 87.2 11.4
 Months 
6.  More than 365 days 3.77 484 1,924 47 60.5 31.5 29.1 11.8 93.3 100.0 13.8
Minimal risk 3.58 65 2,150 50 46.1 0.0 0.0 0.0 100.0 100.0 12.1
Low risk ... ... ... ... ... ... ... ... ... ... ...
Moderate risk ... ... ... ... ... ... ... ... ... ... ...
Other 5.42 141 2,098 34 98.7 9.2 9.2 0.0 94.4 100.0 17.6
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 3.13 14 2.3 218 32.3 18.1 29.0 1.3 44.1 95.3 8.1
8.  100 - 999 3.00 526 3.0 184 34.7 39.7 30.0 4.3 62.7 91.3 14.0
9.  1,000 - 9,999 1.99 5,038 3.0 109 27.6 68.5 8.1 2.8 43.1 77.8 11.1
10.  10,000+ 0.98 25,159 2.8 17 21.2 86.4 0.5 1.8 13.8 49.4 4.4
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.24 697 3.5 242 53.0 10.6 1,156 8.5 96.7 97.5 19.3
12.  Other 1.11 30,040 2.9 30 21.7 84.3 10,842 1.8 17.7 53.8 5.7

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 1.75 31,906 759 2.9 57 30.1 66.0 11.8 0.8 12.9
Not under commitment 1.37 18,657 620 3.0 43 37.1 69.9 14.6 0.1 7.6
Informal commitment 1.09 6,216 1,224 2.3 15 8.8 91.5 4.1 3.7 8.0
Formal commitment 3.31 7,033 1,021 3.2 127 30.5 33.0 11.5 0.1 32.2
2.  Before survey week 11  
Up to 90 days 2.45 10,067 506 3.2 106 34.5 49.9 22.6 1.4 31.1
91 to 365 days 2.82 14,278 299 3.1 46 55.4 21.9 32.3 0.9 40.8
More than 365 days 2.61 23,902 913 3.1 46 39.0 14.7 20.4 0.8 70.8
 
Domestic banks
3.  During survey week 3.73 9,705 240 3.1 193 58.2 8.9 38.5 0.4 33.8
Not under commitment 3.33 4,881 165 2.6 230 66.3 6.1 55.3 0.4 29.1
Informal commitment 3.90 562 119 3.1 96 89.6 8.7 43.3 2.3 45.6
Formal commitment 4.17 4,262 680 3.6 181 44.8 12.1 18.7 0.2 38.0
4.  Before survey week 11  
Up to 90 days 3.11 6,512 334 3.3 131 50.7 25.3 34.3 0.4 41.8
91 to 365 days 2.84 13,383 282 3.1 36 56.3 20.3 33.2 0.2 36.9
More than 365 days 2.62 20,073 798 3.1 33 35.9 10.4 22.1 0.1 65.3
 
Large domestic banks
5.  During survey week 3.48 8,063 291 3.0 101 52.1 10.1 34.9 0.1 34.1
Not under commitment 2.99 4,109 173 2.5 84 61.5 6.8 54.1 0.1 27.7
Informal commitment 3.37 344 199 3.1 60 95.1 11.0 25.7 0.2 54.3
Formal commitment 4.05 3,610 1,569 3.7 116 37.2 13.9 14.0 0.1 40.3
6.  Before survey week 11  
Up to 90 days 3.00 5,846 400 3.3 118 49.5 27.5 30.9 0.3 40.6
91 to 365 days 2.70 12,284 343 3.1 36 53.9 21.5 29.0 0.2 38.6
More than 365 days 2.59 19,675 885 3.1 33 35.5 10.5 20.8 0.1 65.5
 
Small domestic banks
7.  During survey week 4.94 1,642 129 3.2 536 88.4 2.6 56.0 1.9 32.1
Not under commitment 5.10 772 133 3.4 640 91.4 2.5 61.6 2.2 36.9
Informal commitment 4.73 218 73 3.1 153 80.8 5.1 71.2 5.5 31.8
Formal commitment 4.83 652 164 2.9 541 87.4 2.0 44.3 0.3 26.5
8.  Before survey week 11  
Up to 90 days 4.00 665 136 3.4 246 61.7 5.8 64.5 1.0 51.6
91 to 365 days 4.41 1,099 95 3.4 40 82.7 6.1 81.2 0.4 18.4
More than 365 days 4.07 397 135 3.5 35 52.8 4.8 85.2 0.6 57.3
 
Foreign banks
9.  During survey week 0.88 22,201 14,342 2.8 9 17.9 91.0 0.2 1.0 4.1
Not under commitment 0.68 13,776 24,253 3.2 3 26.8 92.6 0.1 0.0 0.0
Informal commitment 0.82 5,654 15,616 2.3 7 0.7 99.8 0.2 3.8 4.3
Formal commitment 2.00 2,772 4,486 2.5 44 8.6 65.2 0.4 0.0 24.2
10.  Before survey week 11  
Up to 90 days 1.25 3,556 8,817 2.9 60 4.6 94.9 1.1 3.4 11.9
91 to 365 days 2.52 895 2,443 3.1 191 41.7 45.7 17.9 11.3 97.2
More than 365 days 2.55 3,829 3,799 3.2 117 55.8 37.0 12.0 4.6 98.5

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 2.28 718 409 3.3 204 34.5 79.5 15.7 86.5
2.  Domestic banks 5.38 104 63 3.3 489 80.5 13.0 52.2 6.7
3.  Large domestic banks 5.48 60 46 3.4 122 85.8 11.5 56.4 0.0
4.  Small domestic banks 5.25 44 127 3.3 983 73.4 15.0 46.4 15.9
5.  Foreign banks 1.76 615 5,558 ... 157 26.7 90.7 9.6 100.0

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 2.72 29,340 1,258 3.1 86 33.2 15.8 18.5 2.1
2.  Domestic banks 2.77 23,361 1,076 3.1 78 29.2 10.0 20.3 0.0
3.  Large domestic banks 2.67 22,052 1,847 3.1 62 27.1 10.6 17.7 0.0
4.  Small domestic banks 4.50 1,309 134 3.2 344 65.0 0.8 63.4 0.5
5.  Foreign banks 2.53 5,979 3,702 3.0 121 48.5 38.5 11.3 10.3

Summary statistics All
commercial
banks
Domestic
banks
Large
domestic
banks
Small
domestic
banks
Foreign
banks
1.  Average reported prime rate 3.39 3.40 3.37 3.51 3.18
2.  Standard error of loan rate .24 .14 .15 .18 .43

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, 2012 , assets of the large banks were at least $4.5 billion. Median total assets for all insured banks were roughly $158 million. Assets at all U.S. branches and agencies averaged $9.1 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 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: March 29, 2013