Board of Governors of the Federal Reserve System

Survey of Terms of Business Lending - E.2

Skip to Content
Release Date: October 3, 2014

E.2 Survey of Terms of Business Lending
AUGUST 4-8, 2014

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 2.23 83,878 626 733 38.1 29.3 19.3 0.3 43.9 81.5 13.2
Minimal risk 1.02 2,973 1,410 211 22.8 62.9 15.7 0.0 18.4 88.1 3.1
Low risk 1.59 17,503 1,190 631 21.1 34.8 11.1 0.0 35.7 77.8 12.7
Moderate risk 2.25 37,457 590 842 34.8 19.7 19.2 0.4 52.7 86.2 14.8
Other 2.61 20,857 475 568 58.6 38.1 23.2 0.3 32.0 71.6 11.9
 
2.  Zero interval 3.17 21,389 359 890 59.5 21.8 52.0 0.5 42.5 96.0 13.6
Minimal risk 2.20 507 824 544 54.1 8.2 60.6 0.2 21.9 66.1 10.8
Low risk 2.45 2,611 537 898 53.6 14.6 44.1 0.0 56.6 94.0 19.7
Moderate risk 2.99 11,035 388 947 51.4 21.8 49.2 0.6 43.1 97.4 13.7
Other 3.76 6,569 290 824 72.6 28.0 56.8 0.5 38.4 98.0 11.8
 
3.  Daily 1.07 15,359 2,317 243 30.5 37.3 4.2 0.0 24.0 44.9 16.1
Minimal risk 0.48 868 3,307 173 8.7 87.5 2.3 0.0 6.0 100.0 0.2
Low risk 0.85 3,904 2,325 83 8.5 22.0 3.4 0.0 17.6 35.0 23.3
Moderate risk 1.23 5,495 2,115 489 20.0 20.0 3.8 0.0 44.3 62.7 19.6
Other 1.13 5,047 2,795 111 61.9 59.8 4.9 0.0 9.4 23.4 9.9
 
4.  2 to 30 days 2.09 28,435 633 747 30.4 28.9 10.2 0.1 46.2 83.7 12.6
Minimal risk 0.36 1,019 7,107 27 1.6 97.5 0.1 0.0 0.9 100.0 0.1
Low risk 1.52 6,329 1,227 531 21.6 38.3 6.5 0.0 34.3 87.5 10.8
Moderate risk 2.05 12,802 537 817 30.9 16.9 8.9 0.1 56.3 82.2 17.0
Other 2.24 6,006 438 557 42.4 42.7 9.5 0.2 34.5 74.7 11.7
 
5.  31 to 365 days 2.08 14,616 1,246 816 25.6 26.7 5.0 0.4 53.6 91.6 10.2
Minimal risk 1.84 516 651 195 53.9 14.6 26.2 0.0 65.8 64.8 8.4
Low risk 1.61 4,027 1,699 1,005 8.7 53.9 0.6 0.0 34.4 91.3 6.4
Moderate risk 1.98 6,883 1,571 859 22.7 19.5 1.4 0.5 64.5 93.9 11.4
Other 2.87 2,407 811 573 45.9 12.0 4.5 0.5 48.6 90.0 14.7
 Months 
6.  More than 365 days 3.69 3,199 397 51 65.2 40.0 21.1 0.7 73.3 89.6 11.8
Minimal risk 2.92 63 224 43 54.4 0.0 4.1 0.0 58.1 98.1 20.0
Low risk 3.37 598 969 47 40.2 37.4 36.4 0.0 87.8 97.3 16.3
Moderate risk 3.87 1,185 332 54 62.7 28.9 23.7 1.7 72.9 88.2 7.9
Other 4.40 808 357 51 84.2 30.3 19.8 0.3 55.1 81.3 8.7
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 3.77 3,119 3.3 112 86.2 6.7 53.8 1.8 14.1 75.7 8.6
8.  100 - 999 3.34 12,193 3.2 84 80.1 14.0 50.9 0.9 22.7 82.1 12.1
9.  1,000 - 9,999 2.56 22,829 3.1 122 44.6 27.9 26.1 0.2 54.0 90.3 14.7
10.  10,000+ 1.67 45,737 2.9 43 20.3 35.6 5.1 0.0 46.6 77.3 13.0
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 3.94 16,186 3.2 66 73.5 6.2 235 1.0 38.9 83.6 11.9
12.  Other 1.82 67,692 3.0 75 29.6 34.8 1,040 0.1 45.1 81.0 13.6

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 2.74 56,441 432 924 45.2 12.8 26.7 0.4 54.4 92.3 14.4
Minimal risk 2.14 1,004 539 425 52.3 7.6 46.3 0.1 43.8 68.9 8.0
Low risk 2.04 9,609 679 676 36.5 11.7 17.7 0.0 45.9 90.5 18.3
Moderate risk 2.50 29,903 479 995 38.5 11.8 22.1 0.5 60.5 93.7 15.4
Other 3.48 12,246 288 849 65.6 20.0 37.0 0.5 45.4 91.6 12.3
 
2.  Zero interval 3.13 20,866 353 882 60.2 22.4 50.9 0.5 43.4 95.9 13.3
Minimal risk 2.20 507 827 544 54.1 8.2 60.6 0.2 21.9 66.1 10.8
Low risk 2.44 2,585 534 893 54.1 14.8 43.6 0.0 57.1 94.0 19.8
Moderate risk 2.95 10,716 379 940 52.0 22.4 47.7 0.7 44.2 97.3 13.4
Other 3.72 6,392 285 813 73.4 28.8 55.7 0.5 39.4 97.9 11.3
 
3.  Daily 2.06 4,365 721 764 30.0 3.1 14.6 0.1 73.8 97.4 22.6
Minimal risk 2.34 57 320 952 99.9 0.2 34.5 0.0 0.0 99.8 3.7
Low risk 1.68 1,116 692 347 29.0 3.7 11.7 0.0 61.3 99.4 28.6
Moderate risk 1.80 2,505 1,020 1,010 21.6 3.5 8.2 0.0 89.1 96.8 23.4
Other 3.52 643 423 457 53.6 0.9 37.1 0.3 41.1 96.5 11.6
 
4.  2 to 30 days 2.60 19,525 445 980 41.0 4.3 14.9 0.2 57.5 87.2 15.6
Minimal risk 1.65 16 174 593 69.5 36.9 5.7 0.0 18.2 100.0 9.4
Low risk 2.00 3,825 777 609 35.4 4.0 10.7 0.0 34.2 84.9 16.6
Moderate risk 2.30 10,239 435 967 36.6 2.6 11.0 0.2 65.7 87.9 18.5
Other 3.02 3,324 249 891 64.1 11.7 17.1 0.3 50.7 80.9 13.9
 
5.  31 to 365 days 2.22 9,602 882 825 24.5 13.2 7.3 0.5 63.6 94.5 11.8
Minimal risk 2.04 392 565 180 43.8 7.3 34.4 0.0 81.9 64.6 5.6
Low risk 1.66 1,725 786 561 17.3 29.1 1.4 0.1 39.6 92.9 12.4
Moderate risk 2.11 5,489 1,342 1,006 20.1 11.9 1.4 0.7 69.3 97.5 11.7
Other 3.04 1,278 470 748 27.4 6.4 8.4 1.0 67.8 93.0 15.7
 Months 
6.  More than 365 days 3.86 1,950 255 54 64.4 13.6 6.5 1.2 56.4 82.9 9.5
Minimal risk 2.20 31 115 37 31.7 0.0 8.4 0.0 15.5 96.1 4.9
Low risk 2.79 326 581 45 41.3 3.9 2.4 0.0 77.6 95.1 18.4
Moderate risk 3.84 922 264 57 58.0 13.4 6.7 2.2 65.1 84.8 7.4
Other 4.36 589 281 54 87.2 21.4 7.0 0.4 39.1 74.1 7.1
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 3.77 3,108 3.3 112 86.3 6.7 53.8 1.8 14.0 75.7 8.6
8.  100 - 999 3.35 11,730 3.2 78 81.5 13.1 51.8 0.9 21.5 81.9 12.0
9.  1,000 - 9,999 2.71 17,411 3.1 89 49.6 17.6 30.3 0.3 55.9 94.3 15.4
10.  10,000+ 2.32 24,192 2.9 47 19.2 9.9 8.4 0.0 74.5 98.1 15.3
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 3.92 15,045 3.2 21 75.7 2.6 220 1.0 37.5 82.4 11.5
12.  Other 2.31 41,396 3.0 88 34.1 16.5 663 0.1 60.6 95.9 15.3

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 2.62 52,178 531 934 42.3 13.1 23.6 0.1 56.2 93.1 15.1
Minimal risk 1.84 800 789 475 41.2 9.5 37.2 0.2 37.4 77.9 8.4
Low risk 1.97 9,187 807 682 35.0 12.1 16.2 0.0 46.9 90.5 18.9
Moderate risk 2.38 27,766 592 1,006 35.7 11.8 19.1 0.1 62.6 94.7 16.1
Other 3.37 10,900 347 844 62.6 21.3 32.5 0.2 47.7 92.2 13.2
 
2.  Zero interval 3.03 18,653 432 916 58.0 24.0 47.5 0.1 46.1 97.2 14.1
Minimal risk 2.12 470 972 544 51.1 8.9 59.9 0.3 23.7 63.4 11.4
Low risk 2.36 2,374 597 924 54.8 16.1 42.2 0.0 60.8 93.8 21.0
Moderate risk 2.82 9,498 468 979 48.7 23.8 43.5 0.2 47.2 99.5 14.2
Other 3.65 5,676 358 848 71.5 31.6 52.2 0.1 41.7 99.1 11.9
 
3.  Daily 1.78 3,871 1,658 796 22.0 3.1 4.6 0.0 79.7 97.8 24.8
Minimal risk 2.25 49 306 1,142 99.9 0.3 24.6 0.0 0.0 99.8 3.9
Low risk 1.57 1,061 909 350 25.4 3.8 7.3 0.0 64.4 99.4 29.8
Moderate risk 1.64 2,350 2,997 1,045 16.9 3.3 3.3 0.0 94.4 97.0 24.6
Other 3.10 411 1,874 377 33.5 0.4 2.9 0.1 44.2 97.9 15.7
 
4.  2 to 30 days 2.57 19,098 465 981 40.5 4.2 14.5 0.1 57.8 87.0 15.9
Minimal risk 1.61 16 275 593 68.7 37.8 3.4 0.0 18.6 100.0 9.6
Low risk 1.97 3,752 825 612 34.2 3.7 10.6 0.0 34.8 84.8 16.9
Moderate risk 2.26 9,957 452 960 36.2 2.5 10.5 0.0 65.9 87.7 18.9
Other 3.00 3,252 262 907 63.4 11.9 16.2 0.2 51.5 80.6 14.1
 
5.  31 to 365 days 2.08 8,970 1,554 841 20.4 13.7 4.4 0.1 63.3 97.0 12.2
Minimal risk 1.23 243 862 216 11.8 11.8 0.3 0.0 75.8 98.2 5.8
Low risk 1.56 1,667 1,174 572 15.3 30.1 0.7 0.0 39.0 93.5 12.7
Moderate risk 2.00 5,254 2,606 1,018 17.9 11.8 0.3 0.0 69.4 98.8 12.0
Other 2.85 1,140 767 694 19.9 6.5 1.4 0.1 69.9 93.8 17.3
 Months 
6.  More than 365 days 3.52 1,459 517 50 55.2 10.5 3.0 0.2 61.9 87.0 11.8
Minimal risk 1.69 22 734 37 5.1 0.0 11.6 0.0 5.6 99.7 5.3
Low risk 2.69 301 1,142 44 36.4 4.0 1.0 0.0 76.4 97.9 19.3
Moderate risk 3.49 682 625 57 48.2 11.3 2.2 0.1 72.5 87.8 9.3
Other 4.12 401 409 44 82.1 15.5 3.8 0.4 44.4 78.2 9.6
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 3.42 2,295 3.3 54 85.9 7.8 51.9 1.0 8.4 72.3 10.1
8.  100 - 999 3.19 9,779 3.2 54 81.5 13.9 49.5 0.2 20.7 81.0 13.5
9.  1,000 - 9,999 2.64 16,179 3.1 74 47.3 17.8 27.3 0.0 57.2 95.6 16.1
10.  10,000+ 2.31 23,925 2.9 47 18.7 10.0 7.8 0.0 74.6 98.5 15.4
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 3.87 12,310 3.2 9 74.0 1.1 251 0.3 39.2 83.0 12.9
12.  Other 2.24 39,867 3.0 71 32.5 16.8 811 0.0 61.4 96.3 15.7

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 4.11 4,263 131 788 81.1 9.2 64.2 3.9 32.9 81.8 4.5
Minimal risk 3.31 204 240 209 95.7 0.0 82.3 0.0 69.1 33.4 4.5
Low risk 3.61 422 153 506 68.1 3.8 49.5 0.3 22.4 91.3 5.8
Moderate risk 4.07 2,136 137 839 75.3 11.6 61.5 5.8 32.9 81.4 4.3
Other 4.37 1,346 121 884 90.2 9.2 73.0 3.1 27.4 86.4 4.7
 
2.  Zero interval 3.95 2,212 138 535 78.5 8.2 78.9 3.6 21.0 85.1 5.7
Minimal risk 3.22 37 285 523 93.2 0.0 69.8 0.0 0.0 100.0 5.9
Low risk 3.35 211 243 397 45.7 0.0 59.1 0.0 15.7 96.0 6.8
Moderate risk 3.89 1,218 153 596 77.6 11.2 81.0 4.5 20.8 80.3 5.5
Other 4.26 715 109 470 88.1 6.2 83.3 3.5 21.6 88.6 5.9
 
3.  Daily 4.27 494 133 504 92.6 3.3 93.1 0.4 27.8 94.5 4.3
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 3.86 55 123 220 99.0 0.8 96.4 0.6 1.6 100.0 6.0
Moderate risk 4.32 155 93 473 93.2 6.3 83.1 0.0 9.6 93.2 5.1
Other 4.26 232 179 605 89.2 1.8 97.5 0.7 35.5 94.1 4.1
 
4.  2 to 30 days 3.64 427 151 934 66.6 9.3 32.6 3.9 43.1 94.4 3.6
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 3.28 72 193 462 93.8 20.8 18.8 0.0 6.0 94.0 4.5
Moderate risk 3.61 282 190 1,191 52.3 7.6 28.8 4.7 60.2 94.3 2.5
Other 4.14 72 78 322 95.0 4.7 61.0 4.7 13.4 94.9 7.0
 
5.  31 to 365 days 4.24 633 124 601 83.2 6.8 47.9 7.5 66.8 60.2 2.3
Minimal risk 3.34 149 363 121 95.8 0.0 89.7 0.0 91.8 9.9 2.0
Low risk 4.62 58 75 256 74.5 0.0 21.6 1.8 57.2 75.9 4.2
Moderate risk 4.58 235 113 723 70.1 14.5 27.3 15.3 67.3 68.0 3.0
Other 4.60 138 112 1,217 89.4 6.3 66.3 7.7 50.4 86.3 1.4
 Months 
6.  More than 365 days 4.85 491 102 66 91.7 22.6 16.9 4.1 39.8 71.1 1.1
Minimal risk 3.51 9 36 37 100.0 0.0 0.0 0.0 40.7 86.8 3.6
Low risk 3.90 25 85 65 100.0 2.5 18.9 0.0 91.4 60.8 1.8
Moderate risk 4.84 240 100 58 85.8 19.4 19.3 8.0 44.3 76.4 1.1
Other 4.86 189 169 76 98.0 33.9 13.6 0.4 27.8 65.9 1.1
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 4.77 812 3.3 269 87.5 3.7 59.4 4.0 30.0 85.2 5.0
8.  100 - 999 4.13 1,951 3.2 198 81.6 8.8 63.0 4.2 25.6 86.3 4.9
9.  1,000 - 9,999 3.74 1,232 3.0 300 80.5 15.3 69.9 4.2 39.8 76.4 4.0
10.  10,000+ ... ... ... ... ... ... ... ... ... ... ...
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.13 2,735 3.2 74 83.2 9.5 142 4.6 29.8 79.9 4.8
12.  Other 4.07 1,528 3.1 507 77.2 8.5 115 2.8 38.5 85.3 3.8

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 1.19 27,437 8,287 369 23.4 63.3 4.2 0.0 22.3 59.2 9.5
Minimal risk 0.45 1,969 7,979 109 7.8 91.1 0.0 0.0 5.5 97.8 1.3
Low risk 1.05 7,895 14,058 582 2.3 63.0 3.0 0.0 23.4 62.3 2.8
Moderate risk 1.26 7,554 7,343 285 20.4 50.9 7.8 0.0 21.7 56.5 10.5
Other 1.37 8,611 6,575 220 48.7 64.0 3.5 0.0 13.0 43.3 10.8
 
2.  Zero interval 4.59 523 1,229 1,169 33.8 0.4 97.8 0.0 6.2 100.0 24.7
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk ... ... ... ... ... ... ... ... ... ... ...
Moderate risk 4.35 319 1,854 1,163 30.1 0.6 98.2 0.0 9.0 100.0 24.0
Other 5.17 177 773 1,158 44.4 0.0 96.9 0.0 1.3 100.0 27.9
 
3.  Daily 0.67 10,994 18,955 61 30.7 50.9 0.1 0.0 4.2 24.1 5.8
Minimal risk 0.35 811 9,535 146 2.3 93.6 0.0 0.0 6.4 100.0 0.0
Low risk 0.52 2,788 42,285 2 0.3 29.4 0.0 0.0 0.1 9.2 0.6
Moderate risk 0.74 2,990 20,980 90 18.7 33.8 0.1 0.0 6.8 34.1 10.6
Other 0.78 4,404 15,375 63 63.2 68.4 0.2 0.0 4.8 12.7 8.1
 
4.  2 to 30 days 0.98 8,911 8,912 309 7.1 82.7 0.1 0.0 21.3 76.1 5.1
Minimal risk 0.34 1,003 19,637 18 0.5 98.5 0.0 0.0 0.6 100.0 0.0
Low risk 0.80 2,504 10,605 429 0.5 90.6 0.0 0.0 34.5 91.5 2.5
Moderate risk 1.05 2,563 7,980 295 7.9 74.2 0.3 0.0 18.8 59.6 8.3
Other 1.27 2,682 7,084 259 15.5 81.0 0.0 0.0 14.4 67.1 8.3
 
5.  31 to 365 days 1.79 5,013 5,972 798 27.7 52.4 0.6 0.0 34.5 85.9 6.9
Minimal risk 1.21 123 1,261 242 85.8 37.9 0.0 0.0 14.5 65.7 16.9
Low risk 1.57 2,301 13,194 1,338 2.2 72.5 0.1 0.0 30.5 90.0 1.7
Moderate risk 1.47 1,394 4,795 283 32.9 49.5 1.3 0.0 45.8 79.8 9.7
Other 2.68 1,129 4,535 376 66.8 18.4 0.0 0.0 26.9 86.6 13.6
 Months 
6.  More than 365 days 3.43 1,250 2,937 48 66.5 81.2 43.8 0.0 99.7 100.0 14.6
Minimal risk ... ... ... ... ... ... ... ... ... ... ...
Low risk 4.08 271 4,907 49 38.8 77.8 77.3 0.0 100.0 100.0 13.9
Moderate risk 3.96 262 3,245 45 79.1 83.6 83.6 0.0 100.0 100.0 9.5
Other 4.52 218 1,316 45 76.1 54.3 54.3 0.0 98.4 100.0 11.9
Size of loan
($ thousands)
  Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
 
7.  10 - 99 3.17 12 2.9 79 43.4 11.0 31.5 0.0 29.4 83.2 14.0
8.  100 - 999 3.01 463 3.2 234 43.9 39.2 28.5 0.0 52.7 87.7 15.1
9.  1,000 - 9,999 2.05 5,418 3.2 226 28.4 61.0 12.6 0.0 47.7 77.7 11.8
10.  10,000+ 0.93 21,545 2.8 39 21.7 64.4 1.5 0.0 15.2 54.0 8.5
Base rate of loan 9   Average
loan size
($ thousands)
 
11.  Prime 10 4.26 1,141 3.1 675 45.1 53.1 1,806 0.0 56.6 98.7 17.1
12.  Other 1.06 26,296 2.9 54 22.5 63.7 9,816 0.0 20.8 57.5 8.9

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 1.85 29,790 706 2.9 83 36.7 42.7 16.4 0.2 21.9
Not under commitment 1.40 15,533 551 3.1 56 41.7 34.7 17.1 0.0 5.5
Informal commitment 1.07 5,573 917 2.1 29 19.2 84.5 8.2 0.0 5.2
Formal commitment 3.16 8,683 1,099 3.1 165 39.0 30.1 20.4 0.6 61.9
2.  Before survey week 11  
Up to 90 days 2.32 12,488 483 3.0 64 36.4 37.1 17.7 0.7 43.8
91 to 365 days 2.60 17,159 409 3.1 74 42.3 16.9 25.4 0.3 49.6
More than 365 days 2.38 24,406 1,024 3.0 63 37.5 17.7 19.3 0.1 66.9
 
Domestic banks
3.  During survey week 3.52 12,033 295 3.0 183 61.5 13.7 39.7 0.5 44.1
Not under commitment 3.46 4,349 158 2.9 185 83.1 10.4 60.8 0.2 12.8
Informal commitment 3.29 996 169 3.2 131 79.4 14.2 45.8 0.3 28.3
Formal commitment 3.59 6,687 907 3.0 190 44.8 15.8 25.2 0.7 66.9
4.  Before survey week 11  
Up to 90 days 2.62 8,263 325 3.2 48 48.6 16.3 24.8 1.0 45.2
91 to 365 days 2.66 15,307 369 3.1 36 41.4 11.9 26.5 0.3 48.3
More than 365 days 2.39 20,803 909 3.0 36 37.1 11.5 19.9 0.1 68.6
 
Large domestic banks
5.  During survey week 3.38 9,985 358 3.0 143 56.9 13.9 34.6 0.1 44.1
Not under commitment 3.29 3,574 161 2.9 143 82.2 9.0 58.5 0.2 5.4
Informal commitment 2.84 570 291 3.2 14 71.4 14.9 26.4 0.0 32.8
Formal commitment 3.48 5,841 1,567 3.0 156 40.1 16.8 20.8 0.1 68.9
6.  Before survey week 11  
Up to 90 days 2.45 7,406 421 3.2 37 44.4 17.2 20.9 0.2 48.0
91 to 365 days 2.56 14,229 442 3.1 35 38.7 12.6 23.6 0.1 50.6
More than 365 days 2.37 20,529 1,002 3.0 36 36.7 11.5 19.2 0.0 69.0
 
Small domestic banks
7.  During survey week 4.21 2,047 159 3.1 376 83.7 12.8 64.8 2.3 44.2
Not under commitment 4.22 775 147 2.8 378 87.6 16.4 71.0 0.2 47.1
Informal commitment 3.89 426 109 3.1 288 90.2 13.3 71.8 0.6 22.3
Formal commitment 4.35 846 232 3.3 417 76.9 9.3 55.7 5.1 52.5
8.  Before survey week 11  
Up to 90 days 4.10 858 110 3.4 151 84.0 8.8 58.8 8.3 21.7
91 to 365 days 3.97 1,079 116 3.2 60 77.0 3.1 65.2 3.3 17.8
More than 365 days 3.95 274 115 3.2 35 67.8 6.7 72.4 4.4 42.6
 
Foreign banks
9.  During survey week 0.72 17,757 12,398 2.9 15 19.9 62.3 0.6 0.0 6.8
Not under commitment 0.60 11,184 15,916 3.2 7 25.6 44.1 0.1 0.0 2.7
Informal commitment 0.58 4,577 22,650 1.9 7 6.1 99.8 0.0 0.0 0.1
Formal commitment 1.72 1,996 3,784 3.2 81 19.7 77.9 4.5 0.0 45.3
10.  Before survey week 11  
Up to 90 days 1.72 4,225 9,281 2.8 95 12.6 77.7 3.8 0.0 41.1
91 to 365 days 2.17 1,851 3,992 3.1 381 49.9 58.4 16.2 0.0 60.4
More than 365 days 2.37 3,604 3,756 3.2 262 39.6 53.9 16.0 0.0 57.0

7. Commercial and industrial loans backed by the SBA 6
Backed by SBA Weighted-
average
effective
loan rate 4
(percent)
Total value
of loans
($ millions)
Average
loan size
($ thousands)
Weighted-
average risk
rating 3
Weighted-
average
maturity/
repricing
interval 2
(days)
Percent of value of loans
Secured
by
collateral
Subject to
prepayment
penalty
Prime
based
Made under
participation
or syndication 7
1.  All banks 4.59 214 98 3.3 221 57.8 56.4 72.8 44.3
2.  Domestic banks 4.59 214 98 3.3 221 57.8 56.4 72.8 44.3
3.  Large domestic banks 5.31 47 55 3.3 148 83.7 18.5 66.1 12.0
4.  Small domestic banks 4.39 167 127 3.3 242 50.4 67.1 74.7 53.4
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 2.56 36,830 1,492 3.0 108 30.2 18.8 17.1 0.3
2.  Domestic banks 2.65 30,715 1,319 3.0 66 28.9 8.8 18.4 0.3
3.  Large domestic banks 2.57 29,312 2,151 3.0 56 26.6 8.6 16.5 0.0
4.  Small domestic banks 4.22 1,403 145 3.0 272 77.8 11.9 58.1 6.4
5.  Foreign banks 2.11 6,115 4,369 2.8 353 36.9 69.3 10.6 0.0

Summary statistics All
commercial
banks
Domestic
banks
Large
domestic
banks
Small
domestic
banks
Foreign
banks
1.  Average reported prime rate 3.36 3.37 3.37 3.40 3.21
2.  Standard error of loan rate .20 .12 .11 .11 .33

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 June 30, 2014 , assets of the large banks were at least $4.9 billion. Median total assets for all insured banks were roughly $166 million. Assets at all U.S. branches and agencies averaged 11.7 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: October 3, 2014