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

Release Date: September 15, 2005
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FEDERAL RESERVE STATISTICAL RELEASE




E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 1-5, 2005                          For immediate release
1. Commercial and industrial loans made by all commercial banks1                      September 15, 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 5.22   84,061   495   506   39.6   24.8   29.8   77.1   11.3  
 2.   Mininal risk 4.10   4,157   1,224   416   39.0   .8   15.4   80.7   12.2  
 3.   Low risk 4.72   12,571   938   470   27.9   27.9   13.6   78.7   10.4  
 4.   Moderate risk 5.16   34,488   539   527   39.3   22.3   29.1   75.3   13.4  
 5.   Other 5.99   20,635   406   466   44.6   29.9   37.2   80.4   11.6  
 
 6. Zero interval 6.01   17,819   203   658   63.1   9.6   78.1   92.0   8.8  
 7.   Mininal risk 5.00   202   220   652   55.1   9.5   51.5   91.9   13.4  
 8.   Low risk 5.06   1,458   361   560   52.6   11.3   52.3   90.6   13.7  
 9.   Moderate risk 6.14   6,569   214   726   62.9   4.9   83.7   92.7   10.0  
10.   Other 6.53   4,669   170   696   76.4   3.6   82.6   93.2   7.3  
 
11. Daily 4.57   26,178   1,339   169   19.8   30.4   11.2   51.1   12.1  
12.   Mininal risk 3.91   1,636   7,665   166   30.9   .3   22.0   54.7   8.8  
13.   Low risk 4.30   3,973   1,174   266   12.6   39.8   10.9   46.9   18.7  
14.   Moderate risk 4.33   13,911   1,482   181   22.2   28.8   9.7   58.2   8.8  
15.   Other 5.79   5,003   982   90   18.6   18.1   12.2   46.9   19.6  
 
16. 2 to 30 days 5.25   16,829   830   477   32.4   34.2   13.7   83.7   9.4  
17.   Mininal risk 4.12   730   5,041   156   26.8   .0   2.1   100.0   15.7  
18.   Low risk 5.03   3,658   2,991   709   8.7   24.6   5.9   93.1   5.7  
19.   Moderate risk 6.08   5,189   733   684   44.8   24.0   17.5   79.4   8.7  
20.   Other 4.93   5,560   570   181   31.7   58.0   18.0   85.6   13.3  
 
21. 31 to 365 days 4.89   17,269   668   547   50.8   19.3   17.3   91.2   16.1  
22.   Mininal risk 4.15   1,410   795   759   45.1   .5   10.8   98.4   12.2  
23.   Low risk 4.64   3,250   1,031   361   55.2   24.9   6.9   97.4   9.3  
24.   Moderate risk 5.07   6,837   701   689   45.6   23.1   23.3   88.0   27.0  
25.   Other 6.62   3,424   627   321   58.9   20.2   26.0   96.1   12.1  
  Months  
26. More than 365 days 6.69   5,657   399   52   41.2   35.3   48.5   87.4   6.7  
27.   Mininal risk 4.24   165   521   36   96.6   2.1   3.8   86.1   9.6  
28.   Low risk 6.09   212   134   41   51.6   20.4   33.7   61.5   6.6  
29.   Moderate risk 5.72   1,938   285   46   43.7   27.5   33.2   82.4   10.1  
30.   Other 7.23   1,896   836   64   44.4   62.7   65.4   93.1   6.0  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 6.89   3,116   3.3   157   86.3   7.6   68.8   84.0   7.0  
32.   100 - 999 6.32   11,611   3.2   123   74.6   11.0   70.7   90.4   8.7  
33.   1,000 - 9,999 5.28   26,586   3.2   92   41.0   24.8   31.4   83.6   11.6  
34.   10,000+ 4.77   42,748   2.9   149   25.7   29.7   14.9   69.0   12.3  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 6.48   25,065   3.3   211   59.5   10.5   216   94.2   11.0  
36.   Other 4.69   58,996   3.0   93   31.1   30.8   1,096   69.9   11.4   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 1-5, 2005                          For immediate release
2. Commercial and industrial loans made by domestic banks1                            September 15, 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 5.48   54,253   332   687   52.3   15.0   41.8   82.5   12.7  
 2.   Mininal risk 4.11   2,279   743   279   60.4   1.5   26.3   64.8   26.3  
 3.   Low risk 4.98   8,530   688   563   38.5   21.2   18.1   82.7   10.9  
 4.   Moderate risk 5.60   23,440   381   732   44.0   12.5   40.2   77.5   16.8  
 5.   Other 6.48   10,686   219   836   75.4   18.0   63.5   94.0   10.4  
 
 6. Zero interval 6.01   17,298   199   657   64.0   9.9   78.2   91.7   8.4  
 7.   Mininal risk 5.00   202   220   652   55.1   9.5   51.5   91.9   13.4  
 8.   Low risk 5.12   1,319   334   620   57.4   12.5   57.1   89.6   11.7  
 9.   Moderate risk 6.13   6,328   209   729   63.6   5.0   83.1   92.5   9.6  
10.   Other 6.49   4,528   167   675   77.6   3.7   82.0   93.0   7.0  
 
11. Daily 4.83   10,480   596   372   30.5   14.1   25.3   47.6   20.3  
12.   Mininal risk 3.90   1,124   9,883   122   33.4   .4   32.1   34.1   19.4  
13.   Low risk 4.59   2,135   669   343   22.1   29.1   20.4   46.5   22.8  
14.   Moderate risk 4.76   6,121   718   414   22.1   13.9   18.4   42.9   22.1  
15.   Other 6.54   922   203   401   91.3   .2   59.8   88.9   14.5  
 
16. 2 to 30 days 6.05   8,833   471   791   45.3   11.0   22.4   93.0   9.1  
17.   Mininal risk 4.37   217   2,766   309   90.0   .0   6.6   100.0   51.6  
18.   Low risk 5.56   2,306   2,609   893   8.8   15.2   7.5   98.3   7.2  
19.   Moderate risk 6.97   3,331   507   1,004   42.6   6.6   25.7   93.0   7.4  
20.   Other 6.03   1,596   173   481   84.8   20.1   48.7   98.4   13.6  
 
21. 31 to 365 days 4.62   12,626   527   550   59.4   15.6   18.2   90.2   19.7  
22.   Mininal risk 4.05   558   345   260   93.4   1.3   20.2   95.9   29.2  
23.   Low risk 4.63   2,541   914   364   68.2   24.4   4.3   97.2   9.2  
24.   Moderate risk 5.07   5,677   623   680   46.6   17.5   26.5   87.3   30.5  
25.   Other 6.07   1,663   345   453   85.8   15.0   26.3   96.0   18.7  
  Months  
26. More than 365 days 6.33   4,712   336   53   49.5   42.4   43.4   84.9   7.7  
27.   Mininal risk 4.24   165   521   36   96.6   2.1   3.8   86.1   9.6  
28.   Low risk 6.09   212   134   41   51.6   20.4   33.7   61.5   6.6  
29.   Moderate risk 5.72   1,938   285   46   43.7   27.5   33.2   82.4   10.1  
30.   Other 7.23   1,896   838   64   44.4   62.7   65.4   93.1   6.0  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 6.90   3,082   3.3   158   86.8   7.4   69.1   83.9   7.0  
32.   100 - 999 6.37   10,968   3.2   124   76.9   9.4   72.9   90.5   8.6  
33.   1,000 - 9,999 5.59   16,268   3.2   125   57.9   15.7   44.9   90.9   12.6  
34.   10,000+ 4.83   23,934   2.7   213   32.7   18.2   21.8   72.9   16.0  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 6.33   22,667   3.3   186   64.4   10.2   198   93.6   11.6  
36.   Other 4.88   31,586   2.8   151   43.5   18.5   644   74.5   13.7   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 1-5, 2005                          For immediate release
3. Commercial and industrial loans made by large domestic banks1                      September 15, 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 5.32   47,971   517   692   47.6   16.4   39.2   82.4   13.8  
 2.   Mininal risk 3.99   2,055   2,557   245   57.7   1.3   27.0   63.3   27.5  
 3.   Low risk 4.76   7,625   1,720   562   33.8   23.0   12.2   84.3   11.3  
 4.   Moderate risk 5.44   20,868   719   726   38.7   13.2   36.7   76.2   18.4  
 5.   Other 6.42   9,431   276   865   74.3   19.9   60.9   95.2   11.2  
 
 6. Zero interval 5.88   14,824   254   681   61.4   11.1   77.4   92.0   8.5  
 7.   Mininal risk 4.64   152   352   702   54.2   8.0   50.0   91.2   12.3  
 8.   Low risk 4.70   1,036   620   683   53.8   15.7   47.8   89.3   12.4  
 9.   Moderate risk 6.02   5,247   298   744   60.1   5.6   83.1   93.4   9.5  
10.   Other 6.43   3,830   201   714   78.1   3.8   79.9   92.8   7.6  
 
11. Daily 4.62   9,615   1,080   363   24.9   14.9   19.1   44.9   22.9  
12.   Mininal risk 3.90   1,123   10,324   122   33.4   .4   32.0   34.1   19.4  
13.   Low risk 4.20   1,883   1,268   324   14.0   33.0   9.8   45.7   26.1  
14.   Moderate risk 4.59   5,676   1,648   405   16.3   14.2   13.0   38.6   25.7  
15.   Other 6.48   774   263   418   90.0   .1   52.2   94.1   15.9  
 
16. 2 to 30 days 6.06   7,626   560   871   37.2   12.3   19.0   92.5   10.5  
17.   Mininal risk 4.35   212   3,341   313   91.2   .0   6.1   100.0   51.7  
18.   Low risk 5.54   2,263   3,893   896   7.4   15.2   6.5   99.1   7.3  
19.   Moderate risk 7.03   2,972   713   1,081   36.2   6.9   18.8   92.6   8.3  
20.   Other 5.91   1,421   194   502   83.4   21.8   42.8   99.4   14.8  
 
21. 31 to 365 days 4.46   11,744   1,669   556   57.0   16.5   17.9   91.5   20.4  
22.   Mininal risk 3.82   418   2,937   252   92.1   1.8   24.7   99.8   32.6  
23.   Low risk 4.44   2,332   4,629   352   67.1   25.9   2.7   98.7   9.4  
24.   Moderate risk 4.94   5,375   2,279   692   43.9   18.2   26.8   88.0   31.8  
25.   Other 6.02   1,614   503   459   86.3   15.4   26.0   97.1   19.0  
  Months  
26. More than 365 days 6.14   3,873   1,368   52   41.2   48.8   45.4   89.9   8.7  
27.   Mininal risk 3.91   137   4,030   27   99.5   2.5   .5   99.8   9.7  
28.   Low risk 5.41   102   576   43   25.3   14.7   39.5   95.5   8.6  
29.   Moderate risk 5.31   1,555   1,295   41   33.8   29.9   34.3   82.5   12.3  
30.   Other 7.23   1,712   2,101   65   38.5   68.6   69.2   95.6   6.3  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 6.47   1,764   3.5   43   86.4   10.9   73.3   91.2   7.8  
32.   100 - 999 6.17   7,918   3.4   76   73.7   11.2   74.6   94.1   9.8  
33.   1,000 - 9,999 5.54   14,986   3.2   122   55.5   16.4   43.0   91.1   13.2  
34.   10,000+ 4.81   23,302   2.7   218   30.8   18.7   22.1   72.1   16.6  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 6.19   18,799   3.3   202   59.9   11.6   278   95.5   13.0  
36.   Other 4.77   29,172   2.8   131   39.8   19.6   1,159   73.9   14.5   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 1-5, 2005                          For immediate release
4. Commercial and industrial loans made by small domestic banks1                      September 15, 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 6.71   6,282   89   645   87.5   4.4   61.6   83.3   4.5  
 2.   Mininal risk 5.20   224   99   603   85.2   3.2   20.1   78.5   17.1  
 3.   Low risk 6.90   905   114   566   77.8   5.9   67.2   68.7   6.1  
 4.   Moderate risk 6.89   2,571   79   785   87.5   6.5   68.5   88.5   5.3  
 5.   Other 6.94   1,255   85   627   83.7   3.8   83.3   84.9   3.3  
 
 6. Zero interval 6.73   2,474   86   498   79.6   2.2   82.8   89.9   7.2  
 7.   Mininal risk 6.10   50   103   525   57.7   14.1   56.2   94.1   16.5  
 8.   Low risk 6.67   282   124   395   70.7   .7   90.8   90.4   8.9  
 9.   Moderate risk 6.68   1,082   85   638   80.8   2.2   83.3   87.9   9.7  
10.   Other 6.81   698   86   466   74.5   3.0   93.9   93.9   4.3  
 
11. Daily 7.12   865   100   471   92.7   5.3   93.5   77.3   2.8  
12.   Mininal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
13.   Low risk 7.51   252   148   474   83.2   .0   99.7   52.3   1.3  
14.   Moderate risk 6.94   445   87   524   96.1   10.0   87.6   97.9   3.5  
15.   Other 6.85   147   93   325   97.8   1.1   100.0   62.0   1.8  
 
16. 2 to 30 days 5.94   1,208   234   305   96.7   2.8   43.7   96.0   .7  
17.   Mininal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
18.   Low risk 6.52   44   145   721   77.4   16.1   54.6   59.3   1.4  
19.   Moderate risk 6.50   358   149   385   95.3   4.3   82.7   96.5   .3  
20.   Other 6.99   176   92   313   96.2   6.5   96.4   90.4   2.4  
 
21. 31 to 365 days 6.80   882   52   476   91.1   3.6   22.4   72.9   6.7  
22.   Mininal risk 4.73   140   95   283   97.1   .0   6.8   84.2   17.1  
23.   Low risk 6.71   209   92   496   81.4   7.7   22.0   80.1   7.3  
24.   Moderate risk 7.41   302   45   456   94.2   4.8   21.0   74.8   4.0  
25.   Other 7.81   49   30   282   66.8   2.0   38.3   59.9   1.4  
  Months  
26. More than 365 days 7.24   839   75   60   87.9   13.0   34.0   62.0   .8  
27.   Mininal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
28.   Low risk 6.71   110   79   40   75.9   25.7   28.3   30.3   .4  
29.   Moderate risk 7.38   384   69   66   83.8   17.7   29.1   82.2   .7  
30.   Other 7.22   184   127   60   99.6   7.1   29.7   70.2   1.1  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 7.47   1,319   3.0   307   87.4   2.7   63.3   74.2   5.8  
32.   100 - 999 6.88   3,050   2.9   245   85.4   4.9   68.6   81.3   5.0  
33.   1,000 - 9,999 6.23   1,281   3.2   157   86.3   7.0   67.8   88.9   4.9  
34.   10,000+ ...   ...   ...   ...   ...   ...   ...   ...   ...  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 7.00   3,868   3.1   110   86.5   3.5   82   84.3   4.2  
36.   Other 6.24   2,414   2.7   392   89.1   5.7   101   81.6   5.0   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 1-5, 2005                              For immediate release
5. Commercial and industrial loans made by U.S. branches and agencies of foreign banks1   September 15, 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 4.75   29,808   4,788   187   16.4   42.4   8.0   67.4   8.1  
 2.   Mininal risk 4.08   1,878   5,767   596   13.1   .0   2.1   100.0   1.1  
 3.   Low risk 4.16   4,040   4,053   280   5.4   42.1   4.2   70.5   9.3  
 4.   Moderate risk 4.24   11,048   4,657   113   29.2   43.1   5.5   70.6   5.5  
 5.   Other 5.46   9,949   4,962   78   11.5   42.7   8.8   65.8   13.5  
 
 6. Zero interval 6.23   521   700   687   33.9   .1   75.4   100.0   21.3  
 7.   Mininal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
 8.   Low risk 4.52   139   1,610   87   7.6   .0   7.6   100.0   30.8  
 9.   Moderate risk 6.42   241   635   657   45.4   .3   100.0   100.0   19.9  
10.   Other 7.59   142   507   1,316   40.4   .0   100.0   100.0   14.5  
 
11. Daily 4.40   15,698   8,043   40   12.7   41.3   1.8   53.4   7.2  
12.   Mininal risk 3.92   512   5,135   285   25.2   .0   .0   100.0   1.0  
13.   Low risk 3.96   1,837   9,533   184   1.5   52.2   .0   47.4   14.1  
14.   Moderate risk 4.00   7,790   9,086   6   22.3   40.4   2.9   70.3   2.5  
15.   Other 5.62   4,081   7,253   30   2.2   22.1   1.4   37.4   22.4  
 
16. 2 to 30 days 4.38   7,996   5,292   129   18.0   59.9   4.0   73.5   9.9  
17.   Mininal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
18.   Low risk 4.12   1,352   3,988   403   8.6   40.7   3.1   84.3   2.8  
19.   Moderate risk 4.47   1,858   3,728   111   48.7   55.1   3.0   55.1   12.8  
20.   Other 4.48   3,963   7,812   58   10.3   73.3   5.6   80.4   13.1  
 
21. 31 to 365 days 5.63   4,643   2,489   537   27.6   29.4   15.0   93.8   6.8  
22.   Mininal risk 4.22   853   5,346   1,140   13.5   .0   4.6   100.0   1.6  
23.   Low risk 4.69   709   1,904   351   8.3   26.7   16.0   98.1   9.6  
24.   Moderate risk 5.05   1,160   1,818   735   40.9   50.4   7.7   91.2   10.6  
25.   Other 7.14   1,761   2,741   162   33.5   25.2   25.7   96.2   6.0  
  Months  
26. More than 365 days 8.45   945   6,769   45   .0   .0   74.3   100.0   2.8  
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 6.14   34   3.3   30   38.4   29.0   50.4   92.9   9.0  
32.   100 - 999 5.45   642   3.1   113   34.7   36.7   31.8   88.5   9.0  
33.   1,000 - 9,999 4.80   10,318   3.1   41   14.3   39.1   10.0   72.0   9.7  
34.   10,000+ 4.69   18,814   3.2   68   16.9   44.4   6.1   64.1   7.0  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 7.93   2,398   3.6   441   12.8   12.8   1,663   100.0   5.6  
36.   Other 4.47   27,410   3.1   26   16.8   45.0   5,731   64.5   8.4   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 1-5, 2005                                   For immediate release
6. Commercial and industrial loans by date pricing terms were set and commitment status        September 15, 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 5.22   38,690   623   3.0   138   26.7   26.8   17.8  
 2.   Not under commitment 4.62   19,227   704   3.1   61   21.6   39.8   7.6  
 3.   Informal commitment 4.76   9,608   375   3.0   48   22.4   14.5   17.4  
 4.   Formal commitment 6.86   9,856   1,080   2.9   374   41.0   13.3   38.2  
    Before survey week9
 5.   Up to 90 days 5.14   11,520   331   3.1   190   54.2   19.6   45.0  
 6.   91 to 365 days 5.38   14,630   308   3.0   94   56.4   16.1   44.5  
 6.   More than 365 days 5.14   19,164   767   3.1   96   43.7   30.4   33.6  
 
Domestic banks
 8. During survey week 5.84   18,816   320   2.9   223   39.4   10.6   31.6  
 9.   Not under commitment 4.70   9,505   365   2.7   118   22.6   6.2   15.3  
10.   Informal commitment 6.85   2,204   92   3.1   181   89.6   7.3   63.8  
11.   Formal commitment 7.03   7,107   814   3.2   375   46.2   17.4   43.4  
    Before survey week9
12.   Up to 90 days 5.02   9,350   273   3.1   212   59.3   13.6   50.1  
13.   91 to 365 days 5.42   12,229   264   3.0   101   63.4   14.7   48.4  
14.   More than 365 days 5.37   13,801   581   3.0   112   55.0   22.5   44.0  
 
Large domestic banks
15. During survey week 5.56   14,568   1,064   2.9   214   24.3   12.7   23.8  
16.   Not under commitment 4.39   8,453   1,041   2.7   73   14.1   6.4   10.0  
17.   Informal commitment 5.94   447   149   3.1   126   78.8   16.9   56.1  
18.   Formal commitment 7.26   5,668   2,202   3.2   431   35.1   21.7   41.8  
    Before survey week9
19.   Up to 90 days 4.85   8,506   327   3.1   214   56.9   13.8   47.2  
20.   91 to 365 days 5.35   11,610   327   3.0   101   62.5   15.3   47.8  
21.   More than 365 days 5.35   13,286   756   3.0   112   54.3   23.2   43.4  
 
Small domestic banks
22. During survey week 6.79   4,247   94   3.0   252   91.2   3.4   58.3  
23.   Not under commitment 7.21   1,052   59   2.8   480   91.0   4.8   57.8  
24.   Informal commitment 7.08   1,758   84   3.1   195   92.3   4.9   65.7  
25.   Formal commitment 6.13   1,438   234   3.2   154   90.0   .4   49.6  
    Before survey week9
26.   Up to 90 days 6.79   844   103   3.3   198   83.8   10.9   79.3  
27.   91 to 365 days 6.73   620   57   2.8   88   78.6   2.7   61.0  
28.   More than 365 days 5.79   515   83   2.8   99   72.5   4.7   58.6  
 
Foreign banks
29. During survey week 4.65   19,874   6,009   3.1   57   14.7   42.1   4.8  
30.   Not under commitment 4.53   9,722   7,592   3.5   5   20.5   72.6   .0  
31.   Informal commitment 4.14   7,404   4,547   3.0   9   2.3   16.6   3.6  
32.   Formal commitment 6.41   2,749   6,894   2.1   372   27.4   2.8   24.9  
    Before survey week9
33.   Up to 90 days 5.63   2,170   3,886   3.0   92   32.2   45.6   23.2  
34.   91 to 365 days 5.22   2,401   2,176   3.1   61   21.1   23.5   24.3  
35.   More than 365 days 4.55   5,363   4,270   3.5   54   14.4   50.8   6.7   
...  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 6.29   6.29   6.28   6.34   6.25  
Standard error of loan rate4 .10   .14   .14   .12   .55  

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.

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Last update: September 15, 2005