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

Release Date: December 13, 2005
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FEDERAL RESERVE STATISTICAL RELEASE




E.2 SURVEY OF TERMS OF BUSINESS LENDING, NOVEMBER 7-11, 2005                       For immediate release
1. Commercial and industrial loans made by all commercial banks1                       December 13, 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 5.95   51,525   393   502   44.9   22.4   33.8   78.8   11.4  
 2.   Minimal risk 4.82   1,924   764   890   53.0   22.9   17.6   85.4   4.4  
 3.   Low risk 4.98   8,186   917   366   16.1   31.7   13.3   68.4   10.1  
 4.   Moderate risk 5.96   19,364   403   584   47.5   23.5   36.2   82.1   12.3  
 5.   Other 6.47   15,865   371   374   53.2   12.4   37.9   81.4   12.6  
 
 6. Zero interval 6.70   11,686   213   670   58.1   6.0   73.7   90.6   10.6  
 7.   Minimal risk 5.23   168   255   774   50.8   2.7   65.9   98.7   7.0  
 8.   Low risk 5.32   1,447   587   412   25.3   .4   30.1   90.4   10.1  
 9.   Moderate risk 6.84   4,280   231   667   54.0   3.8   80.8   94.3   12.1  
10.   Other 7.34   3,130   162   746   78.3   3.1   81.3   87.4   10.3  
 
11. Daily 5.72   17,074   569   252   27.3   27.7   22.4   62.2   11.4  
12.   Minimal risk 5.33   392   734   287   37.0   5.8   49.4   61.3   3.7  
13.   Low risk 4.73   4,574   1,627   143   8.1   40.7   8.9   53.2   8.4  
14.   Moderate risk 5.72   5,722   432   462   46.3   32.4   35.1   67.7   13.2  
15.   Other 6.61   4,950   578   102   19.6   3.5   14.5   66.1   12.3  
 
16. 2 to 30 days 5.45   13,148   693   506   42.7   31.6   14.5   85.9   9.5  
17.   Minimal risk 4.51   1,012   4,780   1,138   54.6   37.5   1.7   93.6   1.1  
18.   Low risk 4.96   1,341   1,347   601   25.1   39.6   4.7   84.5   16.7  
19.   Moderate risk 5.44   6,547   1,012   500   41.9   27.4   12.6   87.8   10.9  
20.   Other 5.91   3,375   387   294   47.3   32.8   22.8   84.4   6.8  
 
21. 31 to 365 days 6.05   6,257   407   392   61.9   16.4   32.6   86.0   15.8  
22.   Minimal risk 4.88   183   332   369   37.6   18.0   3.0   83.2   16.7  
23.   Low risk 5.96   518   312   843   22.0   16.2   23.2   92.5   5.8  
24.   Moderate risk 6.37   1,525   262   685   56.5   17.3   18.3   81.2   17.2  
25.   Other 5.98   3,568   1,134   231   74.9   14.4   44.1   91.3   17.5  
  Months  
26. More than 365 days 6.37   2,977   309   49   66.2   25.9   28.7   79.0   14.4  
27.   Minimal risk 4.98   167   300   34   99.5   .5   6.6   82.3   12.3  
28.   Low risk 6.50   190   195   84   67.6   1.0   30.3   73.6   6.1  
29.   Moderate risk 6.23   1,234   347   39   47.0   37.6   33.3   76.6   11.4  
30.   Other 6.87   748   372   57   88.7   9.9   42.8   93.9   23.2  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 7.47   2,485   3.4   142   88.5   8.0   69.2   85.4   7.8  
32.   100 - 999 7.01   8,752   3.3   128   75.4   11.4   68.5   88.8   9.9  
33.   1,000 - 9,999 5.97   17,824   3.3   118   44.2   21.5   34.9   83.6   12.6  
34.   10,000+ 5.35   22,465   3.1   60   28.7   29.1   15.5   70.4   11.6  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 7.11   17,415   3.4   74   68.9   5.9   195   92.1   10.6  
36.   Other 5.36   34,110   3.1   107   32.6   30.9   819   72.0   12.0   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, NOVEMBER 7-11, 2005                       For immediate release
2. Commercial and industrial loans made by domestic banks1                             December 13, 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 6.24   33,754   267   690   59.1   11.8   47.8   86.7   12.6  
 2.   Minimal risk 5.21   804   344   570   50.9   6.8   41.9   72.9   7.3  
 3.   Low risk 5.28   4,186   507   592   28.1   15.6   24.4   75.6   15.0  
 4.   Moderate risk 6.20   14,481   312   757   51.1   10.6   45.1   87.7   12.5  
 5.   Other 6.70   9,140   224   608   85.7   6.4   57.9   92.7   14.0  
 
 6. Zero interval 6.68   11,299   208   659   58.6   6.2   73.1   90.3   10.0  
 7.   Minimal risk 5.23   168   255   774   50.8   2.7   65.9   98.7   7.0  
 8.   Low risk 5.30   1,431   586   397   24.6   .4   30.2   90.3   10.2  
 9.   Moderate risk 6.82   4,025   220   643   56.1   4.0   79.6   94.0   11.0  
10.   Other 7.34   3,013   158   743   78.0   3.2   81.2   86.9   10.0  
 
11. Daily 6.08   7,506   263   560   49.9   15.9   46.5   74.6   14.8  
12.   Minimal risk 5.40   325   632   235   27.3   6.9   59.6   53.4   4.8  
13.   Low risk 5.05   1,496   574   338   20.2   17.4   27.3   50.8   26.0  
14.   Moderate risk 6.14   4,004   314   683   51.8   15.6   47.2   78.8   15.1  
15.   Other 7.18   831   105   441   90.6   6.1   59.4   86.1   9.5  
 
16. 2 to 30 days 5.72   7,137   411   689   52.2   13.4   22.7   95.9   10.7  
17.   Minimal risk 5.19   41   419   477   55.3   .0   42.2   96.4   4.6  
18.   Low risk 5.14   655   882   725   44.7   38.3   9.7   91.6   20.1  
19.   Moderate risk 5.54   4,026   685   773   41.6   5.4   19.2   96.0   10.3  
20.   Other 6.36   1,752   214   519   78.4   20.4   31.0   99.1   9.0  
 
21. 31 to 365 days 6.18   4,585   319   450   80.3   4.2   38.0   87.8   18.2  
22.   Minimal risk 4.94   100   201   395   43.6   26.8   4.2   69.5   6.0  
23.   Low risk 6.13   298   203   994   33.8   6.6   19.2   86.9   5.8  
24.   Moderate risk 6.53   1,145   208   822   67.8   5.2   19.5   78.9   20.7  
25.   Other 6.03   2,706   980   258   96.1   .2   51.8   96.5   19.8  
  Months  
26. More than 365 days 6.42   2,858   298   49   68.9   27.0   29.7   78.1   14.6  
27.   Minimal risk 4.98   167   300   34   99.5   .5   6.6   82.3   12.3  
28.   Low risk 6.50   190   195   84   67.6   1.0   30.3   73.6   6.1  
29.   Moderate risk 6.23   1,234   347   39   47.0   37.6   33.3   76.6   11.4  
30.   Other 6.87   748   372   57   88.7   9.9   42.8   93.9   23.2  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 7.47   2,459   3.4   143   89.0   7.8   69.3   85.5   7.8  
32.   100 - 999 7.08   8,081   3.3   135   79.4   8.3   71.6   89.0   9.7  
33.   1,000 - 9,999 6.29   11,417   3.2   160   59.8   12.1   47.2   91.6   14.3  
34.   10,000+ 5.36   11,798   3.1   105   38.2   14.8   27.6   80.7   14.1  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 7.08   16,141   3.4   78   72.0   5.6   183   91.6   10.4  
36.   Other 5.48   17,613   3.1   185   47.2   17.5   461   82.2   14.9   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, NOVEMBER 7-11, 2005                       For immediate release
3. Commercial and industrial loans made by large domestic banks1                       December 13, 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 6.07   29,784   419   646   55.3   12.6   45.3   88.0   13.3  
 2.   Minimal risk 4.79   666   1,376   443   42.1   8.1   37.5   78.3   7.9  
 3.   Low risk 5.04   3,721   1,204   514   21.8   17.2   19.3   75.2   15.8  
 4.   Moderate risk 6.04   12,888   588   740   46.8   11.4   41.2   88.7   13.1  
 5.   Other 6.55   8,066   296   520   84.4   6.2   56.1   94.6   14.9  
 
 6. Zero interval 6.56   9,870   279   666   54.5   6.3   71.4   90.7   10.3  
 7.   Minimal risk 5.01   155   813   516   47.2   3.0   63.6   98.6   7.6  
 8.   Low risk 5.06   1,283   1,315   392   19.3   .4   23.6   90.7   10.6  
 9.   Moderate risk 6.71   3,446   353   667   51.7   4.5   78.3   95.1   11.4  
10.   Other 7.25   2,570   197   773   75.1   1.4   78.9   87.7   10.4  
 
11. Daily 5.89   6,675   410   572   45.1   17.6   41.6   73.8   15.6  
12.   Minimal risk 4.80   265   1,978   218   10.8   8.5   50.4   57.8   5.4  
13.   Low risk 4.89   1,404   1,109   342   15.6   18.5   22.9   48.9   28.1  
14.   Moderate risk 6.00   3,605   536   682   48.3   17.3   42.9   77.9   15.6  
15.   Other 6.89   628   142   492   88.7   6.7   47.2   87.1   10.6  
 
16. 2 to 30 days 5.63   6,668   506   720   50.7   13.6   19.4   96.0   11.0  
17.   Minimal risk 5.09   39   422   464   53.2   .0   39.4   96.2   4.9  
18.   Low risk 5.11   609   1,148   781   44.8   40.4   9.2   91.0   19.3  
19.   Moderate risk 5.43   3,820   1,020   795   38.9   5.3   15.3   96.1   10.9  
20.   Other 6.28   1,653   231   532   77.1   21.5   27.1   99.1   9.1  
 
21. 31 to 365 days 5.94   3,960   1,600   332   79.1   4.0   38.0   93.0   19.3  
22.   Minimal risk 4.76   75   1,800   448   35.5   36.0   2.6   64.0   6.3  
23.   Low risk 5.82   234   1,118   1,193   17.5   4.7   7.2   91.0   4.8  
24.   Moderate risk 6.14   889   1,256   507   61.1   4.3   9.4   87.3   22.6  
25.   Other 5.93   2,525   2,265   196   96.6   .2   54.3   99.7   20.5  
  Months  
26. More than 365 days 6.12   2,262   1,170   36   61.8   32.9   30.7   84.5   16.8  
27.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
28.   Low risk 5.57   75   839   34   39.8   2.5   24.0   95.3   9.7  
29.   Moderate risk 6.07   1,094   1,494   37   40.7   40.9   33.9   80.0   12.1  
30.   Other 6.63   601   1,017   31   86.3   10.8   49.7   97.2   27.7  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 7.14   1,406   3.6   38   87.6   11.4   71.1   91.4   8.5  
32.   100 - 999 6.88   5,868   3.4   71   75.6   10.0   72.5   93.5   10.8  
33.   1,000 - 9,999 6.27   10,762   3.3   151   59.0   11.8   46.7   92.7   14.4  
34.   10,000+ 5.35   11,748   3.1   106   38.0   14.8   27.3   80.6   14.2  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 6.94   13,493   3.5   72   68.3   6.0   266   93.5   11.2  
36.   Other 5.35   16,291   3.1   146   44.6   18.1   800   83.5   15.2   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, NOVEMBER 7-11, 2005                       For immediate release
4. Commercial and industrial loans made by small domestic banks1                       December 13, 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 7.53   3,971   72   1,020   87.1   5.4   66.7   77.0   7.1  
 2.   Minimal risk 7.26   138   74   1,143   93.4   .6   63.3   47.1   2.2  
 3.   Low risk 7.15   465   90   1,131   78.3   3.1   65.3   78.4   9.0  
 4.   Moderate risk 7.52   1,593   65   904   86.4   3.9   76.5   79.2   7.5  
 5.   Other 7.82   1,074   79   1,245   95.2   7.6   70.8   78.7   5.9  
 
 6. Zero interval 7.56   1,428   76   605   86.5   5.7   85.1   87.7   8.3  
 7.   Minimal risk 8.00   13   27   3,545   94.4   .0   94.4   99.8   .0  
 8.   Low risk 7.42   149   101   435   69.9   .6   87.6   87.4   6.8  
 9.   Moderate risk 7.43   579   68   482   82.1   1.2   87.4   87.4   8.6  
10.   Other 7.87   443   74   577   94.6   13.4   94.2   82.3   8.0  
 
11. Daily 7.60   831   68   463   88.8   2.5   85.4   81.5   8.8  
12.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
13.   Low risk 7.53   91   68   290   90.1   .4   94.1   80.8   6.0  
14.   Moderate risk 7.43   399   66   691   84.0   .3   86.7   87.7   10.4  
15.   Other 8.11   203   58   311   96.7   4.2   97.1   83.0   6.1  
 
16. 2 to 30 days 7.07   469   112   267   73.3   11.3   70.2   94.8   6.4  
17.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
18.   Low risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
19.   Moderate risk 7.56   207   97   370   90.7   7.4   91.0   95.4   .3  
20.   Other 7.69   98   98   312   99.9   1.9   97.0   99.2   8.0  
 
21. 31 to 365 days 7.66   625   53   1,214   87.8   5.2   38.2   54.6   5.8  
22.   Minimal risk 5.46   26   56   154   67.3   .0   8.7   85.7   5.3  
23.   Low risk 7.27   64   51   260   92.9   13.4   62.8   72.3   10.0  
24.   Moderate risk 7.91   256   53   1,902   91.1   8.6   54.7   49.5   9.6  
25.   Other 7.42   182   110   1,107   90.1   1.0   15.7   52.7   1.6  
  Months  
26. More than 365 days 7.56   596   78   96   95.9   4.5   26.0   53.8   1.5  
27.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
28.   Low risk 7.10   115   130   117   85.7   .0   34.4   59.5   2.3  
29.   Moderate risk 7.43   141   50   56   96.0   11.6   27.9   49.9   2.5  
30.   Other 7.86   148   104   165   98.4   6.5   15.1   80.4   1.0  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 7.92   1,053   3.1   279   90.8   2.9   66.8   77.6   6.7  
32.   100 - 999 7.60   2,213   3.2   301   89.6   3.6   69.3   77.2   6.2  
33.   1,000 - 9,999 6.65   655   3.1   316   71.9   15.8   55.2   73.5   11.8  
34.   10,000+ ...   ...   ...   ...   ...   ...   ...   ...   ...  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 7.79   2,648   3.2   111   90.9   3.4   71   82.3   6.0  
36.   Other 7.00   1,322   3.1   667   79.4   9.3   74   66.4   9.9   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, NOVEMBER 7-11, 2005                           For immediate release
5. Commercial and industrial loans made by U.S. branches and agencies of foreign banks1    December 13, 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 5.40   17,771   3,804   168   17.9   42.7   7.2   63.8   8.3  
 2.   Minimal risk 4.53   1,120   6,089   1,109   54.5   34.4   .1   94.3   2.9  
 3.   Low risk 4.68   4,000   5,893   160   3.5   48.6   1.6   61.0   3.7  
 4.   Moderate risk 5.24   4,883   2,930   102   36.7   61.8   9.8   65.5   11.5  
 5.   Other 6.16   6,726   3,622   66   9.2   20.6   10.8   66.0   10.0  
 
 6. Zero interval 7.28   388   664   962   44.2   .5   92.1   100.0   24.1  
 7.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
 8.   Low risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
 9.   Moderate risk 7.24   255   914   994   21.9   .0   100.0   100.0   29.1  
10.   Other 7.38   117   419   820   86.8   1.6   85.5   100.0   15.4  
 
11. Daily 5.44   9,568   6,783   44   9.6   37.0   3.6   52.4   7.4  
12.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
13.   Low risk 4.57   3,078   15,161   61   2.3   52.0   .0   54.3   .5  
14.   Moderate risk 4.75   1,718   3,660   14   33.3   71.5   6.7   41.9   3.7  
15.   Other 6.50   4,120   6,537   45   5.3   3.0   5.4   62.1   13.1  
 
16. 2 to 30 days 5.12   6,011   3,750   289   31.5   53.2   4.6   74.0   7.7  
17.   Minimal risk 4.48   971   8,506   1,162   54.5   39.1   .0   93.5   .9  
18.   Low risk 4.79   687   2,705   495   6.4   40.8   .0   77.7   12.9  
19.   Moderate risk 5.28   2,521   4,272   63   42.4   62.5   2.1   74.6   12.2  
20.   Other 5.41   1,623   2,918   33   13.7   46.2   13.9   68.5   3.4  
 
21. 31 to 365 days 5.71   1,672   1,664   195   11.6   50.0   17.6   81.1   8.6  
22.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
23.   Low risk 5.72   220   1,119   542   6.0   29.2   28.7   100.0   5.8  
24.   Moderate risk 5.88   380   1,182   190   22.4   53.7   14.5   88.1   7.7  
25.   Other 5.83   862   2,239   127   8.2   58.8   20.3   74.9   8.4  
  Months  
26. More than 365 days ...   ...   ...   ...   ...   ...   ...   ...   ...  
27.   Minimal 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 7.06   27   3.4   35   44.3   32.2   59.0   80.0   13.2  
32.   100 - 999 6.11   671   3.3   47   27.2   48.4   30.3   85.9   12.3  
33.   1,000 - 9,999 5.41   6,407   3.3   44   16.4   38.2   13.0   69.4   8.7  
34.   10,000+ 5.34   10,667   3.0   11   18.2   45.0   2.1   59.0   7.7  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 7.54   1,274   3.5   23   28.9   10.2   1,057   97.9   12.6  
36.   Other 5.23   16,497   3.1   24   17.1   45.2   4,759   61.2   7.8   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, NOVEMBER 7-11, 2005                                For immediate release
6. Commercial and industrial loans by date pricing terms were set and commitment status         December 13, 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 5.65   21,197   474   3.1   85   29.1   30.8   20.4  
 2.   Not under commitment 5.69   10,921   533   3.1   101   27.7   46.2   12.6  
 3.   Informal commitment 5.29   6,170   387   3.3   44   16.3   18.6   17.5  
 4.   Formal commitment 6.07   4,106   497   2.7   106   52.3   8.0   45.3  
    Before survey week9
 5.   Up to 90 days 5.98   6,666   294   3.4   121   64.8   19.9   50.0  
 6.   91 to 365 days 6.16   11,543   268   3.1   89   52.5   13.9   44.4  
 6.   More than 365 days 6.28   12,003   587   3.3   107   54.7   17.6   38.6  
 
Domestic banks
 8. During survey week 6.33   8,364   198   3.0   200   53.8   8.5   48.0  
 9.   Not under commitment 5.85   4,489   231   2.8   238   42.4   10.3   30.1  
10.   Informal commitment 7.37   1,178   79   3.2   176   76.7   5.6   73.7  
11.   Formal commitment 6.67   2,698   340   3.2   147   62.7   7.0   66.7  
    Before survey week9
12.   Up to 90 days 6.02   5,705   255   3.5   136   64.1   11.6   55.9  
13.   91 to 365 days 6.17   9,906   234   3.1   88   56.4   10.8   48.0  
14.   More than 365 days 6.37   9,772   503   3.3   122   63.4   15.7   42.7  
 
Large domestic banks
15. During survey week 5.73   5,839   632   2.9   137   38.5   10.0   39.7  
16.   Not under commitment 5.35   3,575   539   2.7   150   29.8   10.6   24.7  
17.   Informal commitment 6.51   297   199   3.1   162   37.0   14.2   71.8  
18.   Formal commitment 6.29   1,968   1,768   3.2   111   54.7   8.3   62.1  
    Before survey week9
19.   Up to 90 days 5.91   5,338   322   3.6   101   62.2   12.2   55.1  
20.   91 to 365 days 6.10   9,233   292   3.1   88   54.6   11.1   46.7  
21.   More than 365 days 6.35   9,366   686   3.3   126   62.7   16.1   41.8  
 
Small domestic banks
22. During survey week 7.73   2,525   77   3.1   345   89.0   5.1   67.4  
23.   Not under commitment 7.81   914   71   3.0   582   91.9   8.8   51.4  
24.   Informal commitment 7.67   881   66   3.2   180   90.1   2.7   74.3  
25.   Formal commitment 7.70   730   107   3.2   243   84.3   3.4   79.2  
    Before survey week9
26.   Up to 90 days 7.57   367   64   3.2   628   91.6   2.7   68.5  
27.   91 to 365 days 7.14   673   63   3.2   77   81.6   6.8   65.3  
28.   More than 365 days 6.88   406   70   3.2   37   80.2   7.1   63.0  
 
Foreign banks
29. During survey week 5.20   12,833   5,142   3.1   11   13.1   45.2   2.3  
30.   Not under commitment 5.58   6,433   6,096   3.3   6   17.4   71.2   .4  
31.   Informal commitment 4.80   4,992   4,470   3.3   13   2.1   21.7   4.3  
32.   Formal commitment 4.92   1,409   4,354   1.8   28   32.4   10.0   4.4  
    Before survey week9
33.   Up to 90 days 5.75   961   3,155   2.5   35   68.9   69.5   15.0  
34.   91 to 365 days 6.12   1,637   1,970   3.2   100   28.7   32.8   22.7  
35.   More than 365 days 5.87   2,231   2,198   3.3   41   16.8   25.7   20.6   
...  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 7.00   7.01   7.00   7.07   6.85  
Standard error of loan rate4 .18   .17   .19   .10   .34  

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: December 13, 2005