Board of Governors of the Federal Reserve System

Survey of Terms of Business Lending - E.2

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Release Date: July 9, 2013

E.2 Survey of Terms of Business Lending
MAY 6-10, 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 2.20 78,866 562 593 36.4 47.3 20.9 3.3 37.0 77.6 10.2
Minimal risk 0.89 6,375 2,443 270 19.7 73.6 3.5 1.1 22.8 59.6 4.4
Low risk 1.72 15,169 917 484 23.4 48.9 15.3 2.1 29.1 93.2 8.9
Moderate risk 2.62 27,670 405 815 48.2 30.9 29.3 6.6 48.9 90.3 12.3
Other 2.77 20,325 435 573 48.2 40.6 26.4 2.0 37.7 73.8 10.4
 
2.  Zero interval 3.24 22,579 326 786 62.5 28.5 54.3 9.1 40.8 96.3 12.3
Minimal risk 1.01 753 1,150 491 71.7 33.3 15.0 2.7 54.3 93.7 2.6
Low risk 2.89 2,673 447 883 55.2 11.4 55.0 5.9 45.2 90.1 13.6
Moderate risk 3.07 11,578 356 793 57.9 32.2 50.9 13.0 38.8 97.6 13.0
Other 3.82 7,206 268 775 70.3 29.9 62.6 5.2 40.9 97.2 12.0
 
3.  Daily 0.89 21,000 3,134 77 10.0 78.1 3.5 0.0 8.0 48.2 6.4
Minimal risk 0.59 4,276 12,305 6 1.4 87.3 0.9 0.0 11.1 43.6 0.1
Low risk 1.01 4,328 2,507 74 5.9 75.1 2.7 0.0 3.9 98.4 7.6
Moderate risk 2.00 2,191 776 533 24.1 29.0 20.4 0.1 37.3 85.0 11.6
Other 0.89 4,904 3,156 43 25.4 72.8 2.4 0.0 2.8 21.3 4.3
 
4.  2 to 30 days 2.02 20,212 446 634 35.5 46.9 12.2 1.1 43.1 76.4 9.1
Minimal risk 1.18 445 1,600 669 42.0 64.1 1.1 10.3 12.4 95.0 3.1
Low risk 1.62 4,459 792 579 26.4 53.8 10.1 3.2 43.5 88.7 7.4
Moderate risk 2.10 8,512 346 774 41.5 38.3 17.1 0.3 49.2 79.6 10.3
Other 2.76 4,996 345 639 45.0 36.9 11.0 0.3 45.6 80.9 9.2
 
5.  31 to 365 days 2.26 11,297 1,193 759 30.5 30.6 4.4 2.5 60.2 93.1 11.8
Minimal risk 1.70 705 732 857 51.1 60.0 7.7 0.2 55.1 88.6 17.4
Low risk 1.59 3,290 2,011 516 13.4 41.0 4.6 0.5 25.3 96.0 7.7
Moderate risk 2.34 4,208 1,170 849 39.3 19.6 1.5 5.5 77.1 96.1 14.9
Other 3.04 2,568 1,408 742 30.2 22.2 3.8 0.5 76.8 92.4 10.8
 Months 
6.  More than 365 days 4.13 3,716 447 55 48.4 41.8 13.5 2.0 75.5 89.1 8.0
Minimal risk 3.44 197 538 71 55.5 0.0 5.9 0.0 64.0 93.3 14.7
Low risk 3.62 409 300 45 50.5 28.1 31.8 0.8 65.7 85.6 17.5
Moderate risk 4.11 1,145 286 54 76.1 8.9 19.6 5.4 69.3 83.8 8.2
Other 4.50 636 366 46 72.2 18.3 14.7 1.5 51.4 81.7 8.9
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 4.02 3,418 3.3 98 88.2 7.2 62.4 3.6 14.0 70.3 9.1
8.  100 - 999 3.59 11,707 3.2 113 79.7 15.3 56.8 7.1 27.9 81.6 12.0
9.  1,000 - 9,999 2.73 19,446 3.1 85 49.9 33.4 28.8 5.6 53.5 90.1 14.0
10.  10,000+ 1.47 44,295 2.7 86 15.0 65.0 4.8 1.4 34.0 71.6 7.7
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.21 16,486 3.2 49 74.1 3.9 199 9.2 39.7 82.0 12.7
12.  Other 1.67 62,380 2.8 101 26.4 58.8 1,084 1.8 36.4 76.4 9.5

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 2.98 45,051 328 869 55.6 18.9 34.5 5.9 47.2 89.6 12.6
Minimal risk 1.53 1,545 631 616 61.1 7.8 14.4 4.4 65.4 60.4 3.2
Low risk 2.40 7,866 488 704 42.9 7.2 26.0 4.0 34.9 87.0 15.7
Moderate risk 2.86 22,998 340 913 54.3 21.7 34.0 7.9 50.1 91.2 12.9
Other 3.70 11,917 261 893 63.7 23.3 42.5 3.5 46.7 92.4 11.1
 
2.  Zero interval 3.22 21,624 314 780 63.5 28.9 53.2 9.5 39.1 96.2 12.0
Minimal risk 1.21 578 889 642 93.4 13.2 19.5 3.5 70.7 91.8 3.5
Low risk 2.82 2,490 419 833 59.2 12.2 51.7 6.3 41.3 89.4 13.0
Moderate risk 3.04 11,320 351 783 58.4 32.9 49.8 13.3 37.4 97.6 12.8
Other 3.75 6,866 257 771 69.5 31.3 61.2 5.5 38.0 97.1 11.3
 
3.  Daily 2.35 3,191 521 482 28.3 0.6 23.0 0.2 46.6 82.8 20.4
Minimal risk 1.02 518 1,818 8 9.4 0.1 7.8 0.1 91.3 9.5 4.8
Low risk 2.31 1,092 656 340 23.4 1.3 10.7 0.1 15.6 93.7 31.4
Moderate risk 2.63 1,430 521 811 32.6 0.1 31.2 0.2 56.2 99.7 14.2
Other 4.56 138 100 233 86.2 1.3 84.0 1.3 20.3 94.9 9.3
 
4.  2 to 30 days 2.79 11,021 248 980 56.7 12.3 22.3 2.0 51.8 77.5 12.2
Minimal risk 1.94 182 723 1,493 96.7 19.5 2.6 25.0 9.6 98.5 3.8
Low risk 2.27 2,074 379 811 53.9 7.2 21.6 6.8 40.9 75.7 13.7
Moderate risk 2.60 5,695 234 1,032 55.4 14.9 25.4 0.5 55.6 74.8 12.7
Other 3.57 3,025 214 966 58.7 10.5 18.2 0.4 55.2 82.6 11.0
 
5.  31 to 365 days 2.51 6,993 800 904 36.9 9.0 6.8 4.1 62.6 93.7 12.8
Minimal risk 2.89 193 209 255 85.0 4.3 28.0 0.9 56.5 58.3 1.9
Low risk 1.86 1,897 1,263 545 17.5 4.3 7.7 0.8 28.4 93.2 11.8
Moderate risk 2.40 3,374 997 958 40.3 9.7 1.8 6.8 75.2 96.5 14.7
Other 3.36 1,312 830 1,179 40.0 14.0 7.5 1.1 76.8 96.1 11.8
 Months 
6.  More than 365 days 4.03 2,160 268 53 70.4 11.0 17.1 3.4 57.9 81.2 8.4
Minimal risk 3.03 74 217 103 21.6 0.0 15.7 0.0 4.3 82.2 0.3
Low risk 3.51 302 224 45 65.0 6.0 11.0 1.1 53.5 80.4 15.1
Moderate risk 4.11 1,142 286 54 76.4 8.8 19.5 5.4 69.3 83.7 8.2
Other 4.35 562 336 48 69.0 20.8 16.7 1.7 45.0 79.3 7.0
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 4.02 3,409 3.3 98 88.3 7.2 62.4 3.6 13.9 70.2 9.1
8.  100 - 999 3.60 11,336 3.2 110 81.3 14.1 57.5 7.3 26.1 81.5 11.9
9.  1,000 - 9,999 2.98 14,281 3.1 82 58.7 21.2 35.8 7.6 51.9 94.1 14.4
10.  10,000+ 2.33 16,025 2.9 80 27.6 22.6 11.2 3.8 65.2 95.3 11.9
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.19 15,559 3.2 40 76.0 3.3 189 9.7 36.2 81.1 11.9
12.  Other 2.35 29,492 3.0 115 44.8 27.1 535 3.8 53.1 94.0 12.9

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 2.84 41,130 398 869 53.2 20.0 31.5 6.2 48.5 90.2 13.1
Minimal risk 1.21 1,386 1,230 622 57.5 8.7 8.9 4.1 67.8 61.7 3.4
Low risk 2.30 7,478 585 713 40.8 7.5 24.1 4.0 35.7 87.5 16.1
Moderate risk 2.74 21,281 403 918 52.0 23.2 32.1 8.4 51.4 91.4 13.5
Other 3.59 10,496 314 901 62.7 24.9 37.4 3.8 49.3 93.5 11.4
 
2.  Zero interval 3.11 19,652 372 798 62.6 31.1 49.7 10.4 40.4 96.6 12.4
Minimal risk 1.12 557 974 617 94.2 13.8 16.3 3.6 70.1 91.6 3.6
Low risk 2.75 2,382 474 865 58.0 12.8 49.8 6.5 42.9 89.1 13.2
Moderate risk 2.94 10,508 408 805 56.5 35.0 47.2 14.2 38.9 97.8 13.1
Other 3.65 5,873 315 775 70.8 35.1 55.8 6.3 39.2 98.5 11.7
 
3.  Daily 2.16 2,934 912 498 22.5 0.5 16.6 0.1 48.4 81.4 21.8
Minimal risk 0.96 508 2,301 2 7.7 0.1 6.0 0.1 92.2 7.7 5.9
Low risk 2.25 1,055 854 340 21.0 1.2 7.6 0.0 14.9 93.4 32.3
Moderate risk 2.48 1,315 927 853 27.6 0.0 25.9 0.2 59.4 99.7 15.2
Other 3.98 54 165 254 67.2 1.3 63.2 1.8 22.9 94.4 2.8
 
4.  2 to 30 days 2.76 10,747 258 992 55.9 12.5 21.5 1.8 52.1 77.1 12.4
Minimal risk 1.58 161 2,971 1,647 98.8 22.0 0.1 21.9 1.6 99.3 3.8
Low risk 2.24 2,031 387 802 53.2 7.0 20.7 6.3 41.8 75.2 14.0
Moderate risk 2.56 5,549 243 1,044 54.4 15.3 24.8 0.5 55.6 74.2 12.9
Other 3.55 2,962 222 986 57.9 10.7 17.2 0.3 55.7 82.3 11.1
 
5.  31 to 365 days 2.32 6,359 2,196 905 32.4 9.4 2.5 3.8 63.1 96.5 13.4
Minimal risk 1.54 101 378 206 72.0 8.2 1.5 1.6 76.6 85.6 2.1
Low risk 1.77 1,798 1,875 560 14.4 4.5 5.9 0.8 27.2 95.5 12.2
Moderate risk 2.29 3,182 2,686 989 39.1 10.3 0.6 6.8 76.1 97.0 15.3
Other 3.21 1,211 2,861 1,234 35.8 14.4 1.8 0.3 80.8 98.6 11.9
 Months 
6.  More than 365 days 3.49 1,394 778 51 58.8 11.5 14.7 4.7 70.6 90.1 11.1
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 2.71 212 686 50 50.2 8.1 4.1 1.5 73.5 90.0 17.8
Moderate risk 3.50 696 815 51 68.0 11.0 17.3 7.6 80.4 91.6 11.7
Other 4.13 382 782 40 58.8 16.6 19.5 2.4 62.1 86.1 9.3
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 3.66 2,539 3.2 27 89.4 8.3 59.7 4.2 9.4 68.6 10.1
8.  100 - 999 3.40 9,375 3.2 47 80.0 15.6 55.1 7.9 26.1 81.7 13.2
9.  1,000 - 9,999 2.92 13,442 3.1 61 57.5 21.8 35.1 8.1 52.3 94.2 14.9
10.  10,000+ 2.30 15,774 2.9 81 27.8 22.9 9.8 3.9 64.8 95.3 11.9
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.13 12,941 3.2 20 75.8 2.6 220 11.2 38.2 80.8 12.9
12.  Other 2.25 28,190 3.0 83 42.8 28.0 634 3.9 53.2 94.5 13.2

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 4.48 3,921 115 867 80.3 6.7 66.8 2.5 34.0 83.1 6.0
Minimal risk 4.30 159 120 559 93.0 0.0 62.7 6.4 44.8 49.1 1.3
Low risk 4.26 388 116 554 84.1 2.5 62.4 4.8 19.4 76.8 4.7
Moderate risk 4.46 1,717 116 855 83.5 4.1 58.7 1.6 34.7 88.7 5.3
Other 4.51 1,422 116 837 71.0 11.1 80.1 1.1 27.7 84.7 8.0
 
2.  Zero interval 4.34 1,972 123 610 72.5 7.0 88.1 0.7 26.1 91.9 7.9
Minimal risk 3.46 22 276 1,337 70.7 0.0 100.0 0.0 86.3 97.1 0.5
Low risk 4.34 108 118 232 84.1 0.0 94.6 3.8 6.0 96.8 6.8
Moderate risk 4.30 812 125 498 82.9 5.4 84.0 0.8 18.2 95.3 7.8
Other 4.36 992 123 742 61.8 9.4 93.0 0.2 31.3 88.7 8.4
 
3.  Daily 4.52 257 89 295 93.9 1.6 95.1 0.9 26.5 98.5 6.8
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 3.91 37 87 347 92.3 6.3 97.1 3.9 35.6 100.0 5.7
Moderate risk 4.41 115 87 319 90.0 0.6 91.8 0.0 20.4 100.0 3.9
Other 4.93 83 79 223 98.5 1.4 97.6 1.0 18.6 95.3 13.4
 
4.  2 to 30 days 4.12 274 101 603 91.7 3.1 53.0 9.9 42.4 95.2 5.3
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 3.86 43 201 1,193 87.7 15.4 64.2 30.1 0.2 100.0 2.8
Moderate risk 3.98 146 96 643 94.3 1.0 49.2 0.4 53.7 94.6 5.2
Other 4.43 64 82 270 92.6 0.8 63.9 5.1 35.6 94.2 7.7
 
5.  31 to 365 days 4.43 635 108 888 82.1 5.2 49.2 7.3 58.1 65.4 3.4
Minimal risk 4.38 92 140 312 99.4 0.0 57.2 0.0 34.3 28.2 1.1
Low risk 3.56 99 182 281 74.4 0.0 41.4 0.0 50.5 50.7 0.7
Moderate risk 4.18 193 87 465 60.6 0.4 21.2 6.5 60.1 88.9 3.5
Other 5.15 101 87 521 90.6 8.8 75.0 9.9 29.2 66.2 9.0
 Months 
6.  More than 365 days 5.01 766 122 56 91.6 10.2 21.4 1.1 34.7 65.1 0.9
Minimal risk 4.44 16 47 46 99.5 0.0 73.1 0.0 13.8 15.5 2.0
Low risk 5.39 90 87 34 100.0 0.8 27.2 0.0 6.4 57.9 4.9
Moderate risk 5.05 445 142 59 89.5 5.3 22.8 1.9 51.9 71.4 0.4
Other 4.81 180 152 64 90.4 29.5 10.7 0.0 8.7 64.9 0.6
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 5.04 870 3.3 304 85.1 3.8 70.4 1.9 27.0 75.0 6.4
8.  100 - 999 4.56 1,961 3.1 416 87.7 6.9 69.3 4.1 26.1 80.4 5.4
9.  1,000 - 9,999 3.86 839 3.2 426 77.7 11.2 47.3 0.0 44.8 92.5 5.6
10.  10,000+ ... ... ... ... ... ... ... ... ... ... ...
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.48 2,619 3.3 143 76.8 6.7 112 2.5 26.1 82.3 7.0
12.  Other 4.48 1,302 3.0 814 87.5 6.6 122 2.5 50.0 84.7 4.2

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 1.17 33,815 11,303 269 10.8 85.3 2.7 0.0 23.5 61.7 5.7
Minimal risk 0.68 4,830 30,142 163 6.4 94.7 0.0 0.0 9.1 59.4 4.8
Low risk 0.98 7,304 17,467 286 2.5 93.8 3.9 0.0 22.9 100.0 2.4
Moderate risk 1.40 4,672 5,799 389 17.9 76.1 5.9 0.0 42.8 85.7 8.8
Other 1.46 8,408 8,034 172 26.3 65.2 3.7 0.0 24.8 47.4 8.6
 
2.  Zero interval 3.84 955 1,960 904 40.9 19.7 78.5 0.0 80.9 100.0 19.2
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 3.96 183 4,536 1,408 1.3 0.0 100.0 0.0 98.5 100.0 21.1
Moderate risk 4.31 257 1,118 1,219 38.4 4.3 100.0 0.0 99.7 100.0 22.3
Other 5.21 341 1,604 860 85.0 0.7 90.9 0.0 98.6 100.0 25.6
 
3.  Daily 0.63 17,809 30,672 17 6.7 92.0 0.0 0.0 1.1 42.0 1.5
Minimal risk 0.53 3,758 60,022 5 0.3 99.4 0.0 0.0 0.0 48.3 0.0
Low risk 0.57 3,237 51,696 1 0.0 100.0 0.0 0.0 0.0 100.0 0.1
Moderate risk 0.81 761 9,721 111 8.1 83.3 0.1 0.0 1.8 57.3 2.9
Other 0.78 4,766 27,446 39 23.6 74.9 0.0 0.0 2.2 19.1 3.6
 
4.  2 to 30 days 1.09 9,191 9,679 318 10.1 88.4 0.2 0.0 32.6 75.2 5.4
Minimal risk 0.65 263 10,069 103 4.2 95.0 0.0 0.0 14.3 92.6 2.7
Low risk 1.05 2,385 14,411 426 2.6 94.3 0.0 0.0 45.8 100.0 3.3
Moderate risk 1.10 2,817 10,024 378 13.5 85.6 0.3 0.0 36.2 89.5 6.3
Other 1.52 1,971 5,566 267 23.9 77.5 0.0 0.0 30.8 78.5 6.4
 
5.  31 to 365 days 1.84 4,304 5,946 530 20.1 65.8 0.6 0.0 56.2 92.1 10.0
Minimal risk 1.25 513 12,064 1,078 38.3 80.9 0.1 0.0 54.6 100.0 20.7
Low risk 1.22 1,392 10,379 476 7.7 91.1 0.3 0.0 21.0 100.0 2.3
Moderate risk 2.07 834 3,980 428 35.2 59.8 0.6 0.0 84.8 94.6 15.8
Other 2.70 1,256 5,200 288 20.0 30.7 0.0 0.0 76.8 88.5 9.7
 Months 
6.  More than 365 days 4.28 1,556 6,213 58 17.9 84.4 8.6 0.0 99.9 100.0 7.6
Minimal risk 3.69 123 4,987 51 76.0 0.0 0.0 0.0 100.0 100.0 21.6
Low risk ... ... ... ... ... ... ... ... ... ... ...
Moderate risk ... ... ... ... ... ... ... ... ... ... ...
Other 5.71 74 1,143 35 96.5 0.0 0.0 0.0 99.7 100.0 20.1
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 4.13 9 3.5 179 53.4 16.0 46.5 0.0 80.4 94.3 13.8
8.  100 - 999 3.23 371 3.3 177 29.9 49.9 35.7 0.0 81.1 85.4 15.9
9.  1,000 - 9,999 2.05 5,165 3.2 94 25.7 67.1 9.3 0.0 58.1 78.9 12.7
10.  10,000+ 0.98 28,269 2.5 90 7.8 89.1 1.1 0.0 16.4 58.2 3.7
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.53 927 3.1 195 43.1 14.0 1,625 0.0 97.9 98.6 23.5
12.  Other 1.07 32,888 2.7 89 9.9 87.3 13,581 0.0 21.4 60.6 4.8

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 1.53 34,796 741 2.6 117 24.1 72.5 12.8 1.5 18.2
Not under commitment 1.43 17,648 511 2.9 47 26.6 68.2 16.8 0.2 5.0
Informal commitment 0.75 8,504 2,138 2.0 18 5.2 94.5 2.7 0.4 6.7
Formal commitment 2.49 8,644 1,019 2.9 355 37.5 59.8 14.7 5.1 56.5
2.  Before survey week 11  
Up to 90 days 2.67 9,350 450 3.2 96 36.6 38.6 20.1 3.1 41.1
91 to 365 days 2.67 15,643 327 3.2 42 52.1 33.5 32.5 2.3 39.0
More than 365 days 2.82 18,929 787 3.0 77 45.4 17.2 26.4 7.8 68.2
 
Domestic banks
3.  During survey week 3.12 10,011 219 2.8 199 70.9 21.5 44.4 5.1 39.4
Not under commitment 3.47 4,703 139 2.7 165 75.2 6.5 62.7 0.8 18.1
Informal commitment 3.64 441 122 3.1 252 87.6 10.4 50.4 7.6 42.5
Formal commitment 2.75 4,867 596 2.8 227 65.3 37.0 26.1 9.0 59.6
4.  Before survey week 11  
Up to 90 days 3.36 6,283 307 3.3 133 53.1 11.4 29.0 4.6 47.7
91 to 365 days 2.87 13,268 279 3.2 38 58.5 27.4 37.7 2.7 36.9
More than 365 days 2.82 15,397 669 3.1 43 43.9 12.9 27.6 9.6 61.1
 
Large domestic banks
5.  During survey week 2.86 8,626 276 2.8 124 68.3 24.0 41.8 5.5 39.9
Not under commitment 3.21 4,039 155 2.7 70 73.7 6.8 61.5 0.7 17.3
Informal commitment 2.99 237 236 3.3 25 88.2 13.3 38.9 9.5 41.2
Formal commitment 2.52 4,350 1,019 2.8 180 62.1 40.6 23.6 9.8 60.8
6.  Before survey week 11  
Up to 90 days 3.20 5,415 366 3.3 75 47.6 11.6 25.2 4.7 50.1
91 to 365 days 2.73 11,999 329 3.2 40 57.8 29.7 32.8 2.8 37.6
More than 365 days 2.79 15,091 726 3.1 43 43.0 13.1 26.8 9.8 61.5
 
Small domestic banks
7.  During survey week 4.79 1,385 97 3.1 662 87.3 5.6 60.5 2.2 36.1
Not under commitment 5.02 664 85 3.0 741 83.8 4.6 69.9 1.1 23.0
Informal commitment 4.40 204 78 2.7 517 87.0 7.1 63.8 5.5 44.1
Formal commitment 4.66 517 133 3.3 618 91.9 6.4 47.1 2.4 49.9
8.  Before survey week 11  
Up to 90 days 4.35 868 153 3.2 495 87.5 9.9 52.7 4.0 32.5
91 to 365 days 4.25 1,269 114 3.4 26 65.2 6.1 84.0 1.4 30.5
More than 365 days 4.13 307 136 3.4 37 90.2 5.9 66.2 1.6 39.6
 
Foreign banks
9.  During survey week 0.88 24,785 18,883 2.6 83 5.2 93.1 0.1 0.0 9.7
Not under commitment 0.69 12,945 20,313 3.1 5 9.0 90.6 0.1 0.0 0.3
Informal commitment 0.60 8,063 22,538 2.0 5 0.7 99.1 0.1 0.0 4.8
Formal commitment 2.15 3,777 11,894 2.9 520 1.8 89.2 0.0 0.0 52.4
10.  Before survey week 11  
Up to 90 days 1.24 3,067 9,525 2.8 21 2.9 94.4 1.8 0.0 27.5
91 to 365 days 1.53 2,375 7,588 3.4 62 16.5 67.7 3.8 0.0 50.5
More than 365 days 2.84 3,532 3,441 3.0 228 51.7 35.6 21.6 0.0 98.9

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 3.53 2,636 435 3.0 52 65.5 18.8 57.3 54.4
2.  Domestic banks 3.53 2,636 435 3.0 52 65.5 18.8 57.3 54.4
3.  Large domestic banks 3.45 2,539 472 3.0 44 64.7 18.4 56.9 53.9
4.  Small domestic banks 5.66 97 142 2.7 245 87.8 28.7 67.0 68.9
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 2.85 29,218 1,104 3.1 176 36.3 25.0 22.4 4.9
2.  Domestic banks 2.88 21,284 863 3.1 106 38.7 13.8 26.5 6.7
3.  Large domestic banks 2.78 19,949 1,309 3.1 87 36.6 14.4 24.8 6.9
4.  Small domestic banks 4.40 1,335 142 3.2 392 70.4 4.4 51.2 5.0
5.  Foreign banks 2.76 7,934 4,391 2.9 363 29.7 55.2 11.4 0.0

Summary statistics All
commercial
banks
Domestic
banks
Large
domestic
banks
Small
domestic
banks
Foreign
banks
1.  Average reported prime rate 3.39 3.40 3.38 3.49 3.21
2.  Standard error of loan rate .20 .10 .12 .08 .25

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 March 31, 2013 , assets of the large banks were at least $4.5 billion. Median total assets for all insured banks were roughly $160 million. Assets at all U.S. branches and agencies averaged $9.4 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: July 9, 2013