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

Release Date: March 30, 2005
Release dates | About
Current Release   Other formats: | PDF (17 KB) 


FEDERAL RESERVE STATISTICAL RELEASE




E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 7-11, 2005                       For immediate release
1. Commercial and industrial loans made by all commercial banks1                          March 30, 2005
Maturity/repricing interval2
and risk3 of loans		 Weighted-
average
effective
loan rate4
(percent)		 Total value of
loans
($ millions)		 Average
loan size
($ thousands)		 Weighted-
average
maturity5		 Percent of value of loans Commitment status
Secured
by
collateral		 Subject to
prepayment
penalty		 Prime based Percent
made under
commitment		 Average
months
since loan
terms set6
  Days  
 1. All C&I loans 4.26   59,835   383   477   39.5   22.3   27.9   77.6   10.2  
 2.   Mininal risk 3.68   1,839   507   375   46.5   3.3   17.7   89.5   4.9  
 3.   Low risk 3.93   10,797   516   426   34.0   18.5   27.5   82.4   8.7  
 4.   Moderate risk 4.19   25,026   467   540   40.2   22.9   25.6   74.5   10.3  
 5.   Other 4.71   14,677   304   371   43.4   21.9   34.2   77.4   14.3  
 
 6. Zero interval 5.32   14,840   173   593   61.5   9.4   75.4   93.4   11.4  
 7.   Mininal risk 4.48   212   159   427   58.2   4.0   52.0   96.2   4.9  
 8.   Low risk 4.33   2,660   253   542   56.4   11.7   69.9   94.0   9.0  
 9.   Moderate risk 5.25   5,844   212   630   48.6   4.4   71.9   95.2   12.2  
10.   Other 5.96   4,040   143   585   78.1   1.0   87.8   89.2   13.0  
 
11. Daily 3.53   20,398   1,139   194   20.3   27.7   7.7   61.6   9.7  
12.   Mininal risk 3.71   368   1,104   306   48.4   .0   36.9   99.0   3.5  
13.   Low risk 3.45   3,744   1,232   150   11.6   27.8   6.9   70.0   7.5  
14.   Moderate risk 3.47   10,084   1,377   279   26.4   25.8   6.3   57.4   6.0  
15.   Other 3.70   5,340   928   78   11.6   23.9   8.3   69.1   17.6  
 
16. 2 to 30 days 3.94   13,211   652   402   41.3   27.7   9.6   78.2   12.8  
17.   Mininal risk 3.24   914   2,707   349   36.3   .5   .3   92.6   5.7  
18.   Low risk 3.73   2,993   1,192   453   32.6   13.8   11.0   87.3   9.6  
19.   Moderate risk 3.82   4,694   734   389   47.7   35.4   8.8   75.5   15.3  
20.   Other 4.41   3,607   391   317   46.0   34.4   10.4   75.9   16.3  
 
21. 31 to 365 days 4.77   5,309   323   833   51.4   23.4   21.6   85.6   7.6  
22.   Mininal risk 4.42   253   180   462   52.2   18.5   28.4   57.5   2.6  
23.   Low risk 4.49   930   390   406   37.6   16.9   31.4   89.4   11.3  
24.   Moderate risk 4.82   2,836   424   1,105   53.8   22.8   20.9   92.0   6.4  
25.   Other 4.82   936   429   666   58.4   28.7   12.2   82.7   7.3  
  Months  
26. More than 365 days 5.54   2,994   254   52   53.7   46.2   40.1   70.0   8.4  
27.   Mininal risk 6.58   11   60   42   70.9   .0   25.7   49.3   3.4  
28.   Low risk 6.07   353   226   77   87.8   17.9   47.0   62.1   2.2  
29.   Moderate risk 4.91   1,375   320   48   42.8   40.7   33.1   68.0   14.9  
30.   Other 6.77   650   320   50   44.3   59.3   80.7   69.0   1.3  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 6.07   2,905   3.3   161   86.7   8.7   71.1   85.6   7.5  
32.   100 - 999 5.50   9,922   3.1   156   71.5   11.9   65.9   88.3   10.3  
33.   1,000 - 9,999 4.38   19,956   2.9   98   38.3   22.2   29.9   83.0   11.2  
34.   10,000+ 3.52   27,052   3.1   53   23.6   27.7   7.9   68.8   9.5  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 5.78   16,722   3.1   129   64.3   11.6   154   90.1   10.3  
36.   Other 3.66   43,113   3.0   76   29.9   26.5   902   72.7   10.1   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 7-11, 2005                       For immediate release
2. Commercial and industrial loans made by domestic banks1                                March 30, 2005
Maturity/repricing interval2
and risk3 of loans		 Weighted-
average
effective
loan rate4
(percent)		 Total value of
loans
($ millions)		 Average
loan size
($ thousands)		 Weighted-
average
maturity5		 Percent of value of loans Commitment status
Secured
by
collateral		 Subject to
prepayment
penalty		 Prime based Percent
made under
commitment		 Average
months
since loan
terms set6
  Days  
 1. All C&I loans 4.88   34,436   228   747   56.8   11.2   45.0   84.7   11.9  
 2.   Mininal risk 3.90   929   279   509   76.8   5.8   32.0   86.4   7.0  
 3.   Low risk 4.15   7,913   391   556   44.7   7.9   36.6   83.8   11.0  
 4.   Moderate risk 4.80   14,593   282   875   51.8   9.1   39.9   81.2   13.0  
 5.   Other 5.71   7,192   156   673   72.9   6.5   62.9   90.5   13.0  
 
 6. Zero interval 5.28   14,291   168   578   62.3   9.8   75.0   93.1   11.4  
 7.   Mininal risk 5.11   132   101   585   83.5   6.5   73.4   93.9   7.8  
 8.   Low risk 4.32   2,648   252   541   56.2   11.7   69.8   94.0   8.9  
 9.   Moderate risk 5.17   5,498   201   593   49.3   4.7   70.1   94.9   12.3  
10.   Other 5.93   3,932   141   578   78.7   1.0   87.5   88.9   12.9  
 
11. Daily 4.28   6,341   389   557   40.6   .6   23.1   63.8   15.0  
12.   Mininal risk 3.79   150   647   138   89.7   .0   90.5   97.6   5.1  
13.   Low risk 3.68   2,079   716   201   19.2   1.5   12.4   70.9   13.2  
14.   Moderate risk 4.33   3,137   468   814   43.4   .0   18.6   50.0   17.4  
15.   Other 5.41   858   168   477   68.3   .9   44.9   89.1   16.1  
 
16. 2 to 30 days 4.19   6,634   365   697   53.8   4.9   15.7   88.1   14.2  
17.   Mininal risk 3.12   356   1,620   700   70.2   .0   .8   99.7   8.4  
18.   Low risk 3.87   1,984   935   632   46.3   4.0   16.6   85.6   12.6  
19.   Moderate risk 4.10   2,313   406   730   53.4   3.7   13.6   83.4   16.6  
20.   Other 4.92   1,390   164   582   67.5   2.8   17.9   95.8   17.9  
 
21. 31 to 365 days 5.09   3,711   238   1,016   66.5   18.7   25.5   89.0   8.8  
22.   Mininal risk 4.52   199   147   279   65.4   22.6   28.6   45.9   3.4  
23.   Low risk 4.60   733   327   467   43.3   17.4   31.9   88.0   13.6  
24.   Moderate risk 5.21   2,084   325   1,420   70.8   21.0   25.3   96.8   7.3  
25.   Other 5.37   399   221   644   92.8   .2   13.3   92.1   7.1  
  Months  
26. More than 365 days 5.54   2,845   242   53   51.4   48.3   37.3   73.3   8.3  
27.   Mininal risk 6.58   11   60   42   70.9   .0   25.7   49.3   3.4  
28.   Low risk 6.07   351   225   77   88.3   17.4   46.6   61.9   2.2  
29.   Moderate risk 4.92   1,369   319   48   42.5   40.5   33.3   67.9   14.7  
30.   Other 7.10   510   253   58   28.9   75.3   75.7   87.7   1.3  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 6.07   2,888   3.3   162   86.9   8.6   71.2   85.6   7.5  
32.   100 - 999 5.59   8,992   3.1   169   75.4   9.0   69.7   89.3   10.2  
33.   1,000 - 9,999 4.67   12,859   2.8   142   49.2   13.1   41.3   90.2   12.4  
34.   10,000+ 4.15   9,696   2.9   115   40.8   11.5   19.2   72.7   14.5  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 5.76   15,490   3.1   133   66.6   11.7   144   90.5   10.5  
36.   Other 4.16   18,946   2.8   151   48.8   10.8   433   79.9   13.2   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 7-11, 2005                       For immediate release
3. Commercial and industrial loans made by large domestic banks1                          March 30, 2005
Maturity/repricing interval2
and risk3 of loans		 Weighted-
average
effective
loan rate4
(percent)		 Total value of
loans
($ millions)		 Average
loan size
($ thousands)		 Weighted-
average
maturity5		 Percent of value of loans Commitment status
Secured
by
collateral		 Subject to
prepayment
penalty		 Prime based Percent
made under
commitment		 Average
months
since loan
terms set6
  Days  
 1. All C&I loans 4.72   29,542   322   712   53.3   11.3   42.0   85.5   13.1  
 2.   Mininal risk 3.41   692   924   571   70.9   7.7   15.1   93.1   7.6  
 3.   Low risk 4.10   6,576   513   549   44.8   8.3   38.7   83.2   12.9  
 4.   Moderate risk 4.55   12,664   487   804   46.0   7.4   34.1   81.1   14.1  
 5.   Other 5.63   6,391   189   647   70.4   6.9   60.4   91.1   13.9  
 
 6. Zero interval 5.16   12,811   218   585   59.6   10.6   73.4   94.0   11.7  
 7.   Mininal risk 4.09   76   195   791   79.9   11.2   56.4   90.6   5.0  
 8.   Low risk 4.24   2,533   305   551   55.0   12.2   69.1   94.0   8.8  
 9.   Moderate risk 5.04   4,855   318   576   45.0   5.0   67.9   96.2   12.6  
10.   Other 5.87   3,510   169   598   77.4   .9   86.3   89.3   13.5  
 
11. Daily 4.33   5,158   505   593   40.6   .7   19.5   58.3   19.9  
12.   Mininal risk 3.95   70   779   129   77.9   .0   79.6   99.9   10.7  
13.   Low risk 4.12   1,360   1,041   317   26.8   2.3   16.3   55.9   25.4  
14.   Moderate risk 4.15   2,896   704   799   39.1   .0   12.3   50.1   18.7  
15.   Other 5.25   721   200   260   63.5   .7   38.3   87.9   18.4  
 
16. 2 to 30 days 4.09   6,227   446   664   52.1   4.5   11.4   87.9   14.8  
17.   Mininal risk 3.12   354   2,554   704   70.0   .0   .7   99.7   8.4  
18.   Low risk 3.86   1,965   1,078   631   45.9   3.8   16.1   85.6   12.7  
19.   Moderate risk 3.94   2,091   601   670   50.5   2.5   5.8   82.0   18.1  
20.   Other 4.81   1,293   176   527   65.4   2.0   11.9   97.0   18.8  
 
21. 31 to 365 days 4.51   2,647   1,132   1,109   55.5   13.1   11.4   94.1   10.6  
22.   Mininal risk 3.27   109   1,144   371   40.9   41.3   1.2   63.6   3.3  
23.   Low risk 3.86   499   1,662   584   23.9   21.5   23.6   91.3   17.5  
24.   Moderate risk 4.66   1,540   1,753   1,478   61.9   7.3   8.1   98.7   8.9  
25.   Other 5.36   321   515   741   91.7   .2   10.0   91.1   7.4  
  Months  
26. More than 365 days 5.13   2,129   734   43   36.0   60.4   35.8   79.1   9.5  
27.   Mininal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
28.   Low risk 5.34   102   448   56   60.0   7.0   70.4   84.7   3.4  
29.   Moderate risk 4.40   1,089   1,021   36   28.8   49.1   29.4   66.1   17.4  
30.   Other 7.12   445   622   57   18.9   84.7   81.7   91.5   1.3  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 5.67   1,782   3.4   46   85.9   11.9   71.4   92.3   8.4  
32.   100 - 999 5.35   6,891   3.2   81   70.4   10.1   69.6   93.8   11.3  
33.   1,000 - 9,999 4.67   11,174   2.9   124   48.5   11.8   40.0   90.4   14.0  
34.   10,000+ 4.15   9,696   2.9   115   40.8   11.5   19.2   72.7   14.5  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 5.59   12,398   3.2   95   60.4   11.1   188   93.2   11.8  
36.   Other 4.09   17,144   2.8   116   48.2   11.5   666   80.0   14.2   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 7-11, 2005                       For immediate release
4. Commercial and industrial loans made by small domestic banks1                          March 30, 2005
Maturity/repricing interval2
and risk3 of loans		 Weighted-
average
effective
loan rate4
(percent)		 Total value of
loans
($ millions)		 Average
loan size
($ thousands)		 Weighted-
average
maturity5		 Percent of value of loans Commitment status
Secured
by
collateral		 Subject to
prepayment
penalty		 Prime based Percent
made under
commitment		 Average
months
since loan
terms set6
  Days  
 1. All C&I loans 5.84   4,894   83   954   77.9   10.6   63.2   79.6   4.1  
 2.   Mininal risk 5.35   237   92   312   94.1   .0   81.4   67.0   4.6  
 3.   Low risk 4.41   1,338   181   584   44.7   5.9   26.4   86.7   2.0  
 4.   Moderate risk 6.43   1,929   75   1,373   89.4   20.4   78.5   82.2   5.6  
 5.   Other 6.36   801   65   864   92.3   3.5   82.4   85.8   5.1  
 
 6. Zero interval 6.33   1,480   56   509   85.9   2.4   88.8   85.6   8.0  
 7.   Mininal risk 6.49   56   61   379   88.3   .0   96.7   98.4   11.2  
 8.   Low risk 6.12   115   53   282   82.6   .6   84.1   94.6   9.8  
 9.   Moderate risk 6.17   643   53   780   81.8   2.4   86.7   85.6   9.8  
10.   Other 6.48   422   59   416   89.7   1.5   97.6   86.0   7.2  
 
11. Daily 4.06   1,183   195   400   40.5   .4   38.5   87.7   .3  
12.   Mininal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
13.   Low risk 2.85   719   450   13   5.0   .1   4.9   99.4   .1  
14.   Moderate risk 6.50   241   93   980   95.2   .6   93.6   48.1   .5  
15.   Other 6.23   137   91   1,655   93.6   1.7   79.4   95.3   1.5  
 
16. 2 to 30 days 5.74   407   97   1,157   80.4   11.7   81.9   91.5   4.5  
17.   Mininal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
18.   Low risk 5.65   19   63   706   90.9   20.1   63.9   79.6   7.7  
19.   Moderate risk 5.60   222   100   1,306   80.1   14.4   86.9   96.6   5.2  
20.   Other 6.37   98   84   1,239   94.5   12.2   96.8   80.2   1.2  
 
21. 31 to 365 days 6.52   1,064   80   793   93.7   32.6   60.7   76.3   3.1  
22.   Mininal risk 6.04   90   71   168   95.1   .0   61.8   24.5   3.6  
23.   Low risk 6.18   234   120   259   84.8   8.6   49.7   81.1   4.2  
24.   Moderate risk 6.78   543   98   1,259   96.2   60.1   74.1   91.2   2.4  
25.   Other 5.44   77   66   241   97.2   .0   27.0   96.3   5.5  
  Months  
26. More than 365 days 6.77   716   81   86   97.1   12.2   41.7   56.3   3.3  
27.   Mininal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
28.   Low risk 6.36   249   187   86   99.9   21.6   36.9   52.6   1.4  
29.   Moderate risk 6.93   280   87   94   96.1   6.8   48.3   75.0   5.2  
30.   Other 6.95   65   50   71   97.5   11.1   34.5   61.2   .8  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 6.73   1,106   3.1   338   88.5   3.4   70.9   74.7   5.7  
32.   100 - 999 6.35   2,102   3.0   448   91.8   5.5   70.0   74.5   5.6  
33.   1,000 - 9,999 4.62   1,686   2.4   257   53.7   21.9   49.5   89.1   1.8  
34.   10,000+ ...   ...   ...   ...   ...   ...   ...   ...   ...  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 6.42   3,091   3.0   285   91.6   14.5   75   79.9   4.4  
36.   Other 4.84   1,803   2.4   479   54.5   4.1   100   79.0   3.7   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 7-11, 2005                           For immediate release
5. Commercial and industrial loans made by U.S. branches and agencies of foreign banks1       March 30, 2005
Maturity/repricing interval2
and risk3 of loans		 Weighted-
average
effective
loan rate4
(percent)		 Total value of
loans
($ millions)		 Average
loan size
($ thousands)		 Weighted-
average
maturity5		 Percent of value of loans Commitment status
Secured
by
collateral		 Subject to
prepayment
penalty		 Prime based Percent
made under
commitment		 Average
months
since loan
terms set6
  Days  
 1. All C&I loans 3.41   25,400   4,731   112   16.0   37.4   4.9   68.0   7.2  
 2.   Mininal risk 3.45   910   3,117   274   15.5   .8   3.1   92.7   2.9  
 3.   Low risk 3.34   2,884   4,185   117   4.7   47.6   2.5   78.4   2.2  
 4.   Moderate risk 3.35   10,433   5,651   94   23.9   42.1   5.4   65.0   5.2  
 5.   Other 3.76   7,484   3,598   123   15.2   36.6   6.6   64.8   16.1  
 
 6. Zero interval 6.14   548   930   972   38.9   .6   87.8   100.0   10.8  
 7.   Mininal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
 8.   Low risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
 9.   Moderate risk 6.43   346   1,370   1,260   37.4   .9   100.0   100.0   11.0  
10.   Other 7.19   108   378   783   54.5   .0   99.9   100.0   15.6  
 
11. Daily 3.19   14,057   8,679   47   11.1   39.9   .8   60.6   7.2  
12.   Mininal risk 3.65   218   2,156   359   19.9   .0   .0   100.0   2.4  
13.   Low risk 3.17   1,665   12,350   91   2.0   60.5   .0   68.9   .3  
14.   Moderate risk 3.08   6,947   11,209   52   18.8   37.4   .8   60.8   1.4  
15.   Other 3.37   4,481   6,818   15   .8   28.3   1.3   65.3   17.9  
 
16. 2 to 30 days 3.68   6,577   3,139   119   28.6   50.6   3.5   68.2   11.0  
17.   Mininal risk 3.32   558   4,731   173   14.7   .9   .0   88.1   3.7  
18.   Low risk 3.44   1,008   2,601   148   5.7   33.0   .0   90.6   3.9  
19.   Moderate risk 3.55   2,381   3,446   47   42.1   66.3   4.2   67.8   13.8  
20.   Other 4.09   2,216   3,012   162   32.6   54.3   5.7   63.5   14.8  
 
21. 31 to 365 days 4.02   1,598   1,827   373   16.3   34.3   12.4   77.7   4.6  
22.   Mininal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
23.   Low risk 4.07   197   1,419   128   16.2   15.2   29.4   94.8   3.2  
24.   Moderate risk 3.74   753   2,716   167   6.7   27.6   8.6   78.8   3.2  
25.   Other 4.41   538   1,414   684   33.0   49.9   11.3   75.7   7.5  
  Months  
26. More than 365 days ...   ...   ...   ...   ...   ...   ...   ...   ...  
27.   Mininal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
28.   Low risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
29.   Moderate risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
30.   Other ...   ...   ...   ...   ...   ...   ...   ...   ...  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 5.41   17   3.4   55   60.0   28.9   51.6   98.0   9.7  
32.   100 - 999 4.67   930   3.2   33   33.7   39.5   29.4   78.7   11.3  
33.   1,000 - 9,999 3.85   7,097   3.2   18   18.6   38.7   9.5   70.0   8.3  
34.   10,000+ 3.16   17,356   3.2   12   14.0   36.8   1.6   66.6   6.4  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 6.12   1,233   3.3   77   35.1   9.5   951   84.6   8.6  
36.   Other 3.27   24,167   3.2   12   15.0   38.8   5,934   67.2   7.1   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 7-11, 2005                                For immediate release
6. Commercial and industrial loans by date pricing terms were set and commitment status            March 30, 2005
Date pricing terms were set
and commitment status		 Weighted-
average
effective
loan rate4
(percent)		 Amount of
loans
($ millions)		 Average
loan size
($ thousands)		 Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2
(days)		 Percent of value of loans
Secured
by
collateral		 Subject to
prepayment
penalty		 Prime based
All commercial banks
 1. During survey week 3.80   29,203   557   3.1   114   26.7   31.6   15.5  
 2.   Not under commitment 3.70   13,410   541   3.2   98   30.7   52.9   12.4  
 3.   Informal commitment 3.51   9,400   489   3.0   45   12.4   14.2   12.9  
 4.   Formal commitment 4.45   6,394   757   2.9   308   39.2   12.3   25.8  
    Before survey week9
 5.   Up to 90 days 4.81   6,749   268   2.9   115   47.9   14.6   43.0  
 6.   91 to 365 days 4.67   11,709   209   2.8   58   55.9   18.0   44.6  
 6.   More than 365 days 4.67   11,759   542   3.2   60   51.2   8.8   34.3  
 
Domestic banks
 8. During survey week 4.83   10,505   212   2.9   274   52.0   11.9   37.7  
 9.   Not under commitment 4.38   5,283   225   2.8   224   38.2   9.2   27.8  
10.   Informal commitment 4.67   2,157   120   2.6   164   52.6   2.9   49.3  
11.   Formal commitment 5.74   3,064   377   3.3   435   75.5   22.9   46.6  
    Before survey week9
12.   Up to 90 days 5.10   5,178   209   2.9   135   55.9   15.3   52.8  
13.   91 to 365 days 4.76   9,832   178   2.9   65   61.6   13.0   50.4  
14.   More than 365 days 4.93   8,870   427   3.1   75   57.7   6.1   42.8  
 
Large domestic banks
15. During survey week 4.48   7,357   556   3.0   225   43.3   15.2   30.7  
16.   Not under commitment 3.82   4,284   555   2.9   126   25.3   10.8   19.8  
17.   Informal commitment 4.81   609   168   3.1   81   55.1   5.3   55.1  
18.   Formal commitment 5.53   2,464   1,303   3.4   432   71.7   25.4   43.5  
    Before survey week9
19.   Up to 90 days 4.85   4,442   232   2.9   100   49.3   10.5   46.3  
20.   91 to 365 days 4.69   9,173   213   2.9   59   60.2   13.3   48.7  
21.   More than 365 days 4.90   8,563   534   3.1   58   56.6   6.2   42.3  
 
Small domestic banks
22. During survey week 5.67   3,148   87   2.7   388   72.2   4.0   54.1  
23.   Not under commitment 6.77   999   63   2.7   661   93.2   2.2   62.1  
24.   Informal commitment 4.61   1,548   108   2.5   196   51.5   1.9   47.0  
25.   Formal commitment 6.59   600   96   3.0   448   90.7   12.6   59.1  
    Before survey week9
26.   Up to 90 days 6.60   735   132   2.9   343   95.9   44.7   92.0  
27.   91 to 365 days 5.77   659   55   3.1   144   80.6   8.6   74.8  
28.   More than 365 days 5.82   308   65   2.9   544   88.3   2.9   57.3  
 
Foreign banks
29. During survey week 3.22   18,699   6,405   3.2   14   12.5   42.6   3.0  
30.   Not under commitment 3.26   8,127   6,354   3.4   17   25.9   81.3   2.3  
31.   Informal commitment 3.17   7,242   5,510   3.1   10   .4   17.6   2.1  
32.   Formal commitment 3.25   3,329   10,219   2.1   13   5.9   2.5   6.7  
    Before survey week9
33.   Up to 90 days 3.86   1,571   3,214   3.0   30   21.4   12.3   10.9  
34.   91 to 365 days 4.18   1,877   1,965   2.7   21   26.2   44.4   14.3  
35.   More than 365 days 3.87   2,889   3,061   3.7   14   31.3   17.3   8.1   
...  The number of loans was insufficient to provide a meaningful value.
Summary statistics All commercial
banks		 Domestic
banks		 Large domestic
banks		 Small domestic
banks		 Foreign
banks
Average reported prime rate 5.53   5.53   5.50   5.65   5.50  
Standard error of loan rate4 .22   .14   .12   .38   .22  

NOTES

The Survey of Terms of Business Lending collects data on gross loan extensions made during the first full business week in the middle month of each quarter. The authorized panel size for the survey is 348 domestically chartered commercial banks and 50 U.S. branches and agencies of foreign banks. The sample data are used to estimate the terms of loans extended during that week at all domestic commercial banks and all U.S. branches and agencies of foreign banks. The terms on loans extended during the survey week may differ from those extended during other weeks of the quarter. The estimates reported here are not intended to measure the average terms on all business loans in bank portfolios.

1. As of March 31, 2003, assets of the large banks were at least $3.7 billion. Median total assets for all insured banks were roughly $93 million. Assets at all U.S. branches and agencies averaged $3.3 billion.

2. The "maturity/repricing" interval measures the period from the date the loan is made until it first may be repriced or matures. For floating-rate loans that are subject to repricing at any time--such as many prime-based loans--the maturity/repricing interval is zero. For floating-rate loans that have a scheduled repricing interval, the maturity/repricing interval measures the number of days between the date the loan is made and the date on which it is next scheduled to reprice. For loans having rates that remain fixed until the loan matures (fixed-rate loans), the maturity/repricing interval measures the number of days between the date the loan is made and the date on which it matures. Loans that reprice daily mature or reprice on the business day after they are made. Because of weekends and holidays, such loans may have maturity/repricing intervals in of more thanone day; nevertheless, such loans are not included in the 2 to 30 day category.

3. A complete description of these risk categories is available in the survey instructions, available at "http://www.federalreserve.gov/apps/reportforms/reportdetail.aspx?sOoYJ+5BzDaSCesXTb1UmHCoyU8rIHWr". The category "Moderate risk" includes the average loan, under average economic conditions, at the typical lender. The "Other" category includes loans rated "Acceptable" as well as special mention or classified loans. The weighted-average risk ratings published for loans in rows 31-39 are calculated by assigning a value of 1 to minimal risk loans, 2 to low risk loans, 3 to moderate risk loans, 4 to acceptable risk loans, and 5 to special mention and classified loans. These values are weighted by loan amount and exclude loans with no risk rating. Some of the loans in table rows 1, 6, 11, 16, 21, 26, and 31-36 are not rated for risk.

4. Effective (compounded) annual interest rates are calculated from the stated rate and other terms of the loans and weighted by loan amount. For the standard error of the loan rate for all C&I loans in the current survey (tables 1-5, line 1, column 1), see the summary statistics table. The chances are about two out of three that the average rate shown will differ by less than this amount from the average rate that would be found by a complete survey of the universe of all banks.

5. Average maturities are weighted by loan amount and exclude loans with no stated maturities.

6. For loans made under formal commitments, the average time interval between the date on which the loan pricing was set and the date on which the loan was made, weighted by the loan amount. For loans under informal commitment, the time interval is zero.

7. Prime-based loans are based on the lending bank's own prime rate, any other lender's prime rate, a combintation of prime rates, or a publicly reported prime rate. Loans with "other" base rates include loan rates expressed in terms of any other base rate (e.g., the federal funds rate or LIBOR) and loans for which no base rate is used to determine the loan rate.

8. See the summary statistics tables for the average reported prime rate weighted by the dollar value of loans priced relative to a prime base rate.

9. For loans made under formal commitments.

Release dates | About
Current Release   Other formats: | PDF (17 KB)

Statistical releases

Home | Economic research and data
Accessibility | Contact Us
Last update: March 30, 2005