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 21, 2006
Release dates | About
Current Release   Other formats: | PDF (17 KB) 


FEDERAL RESERVE STATISTICAL RELEASE








E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 6-10, 2006                       For immediate release
1. Commercial and industrial loans made by all commercial banks1                          March 21, 2006
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 6.32   69,684   429   551   37.8   28.6   27.3   79.0   10.9  
 2.   Minimal risk 5.28   2,176   636   254   28.7   31.8   12.8   70.7   8.8  
 3.   Low risk 5.42   12,850   1,000   331   14.9   50.8   9.5   74.1   7.7  
 4.   Moderate risk 6.14   26,037   442   537   35.4   23.1   25.6   73.1   10.8  
 5.   Other 7.31   17,256   349   641   59.0   20.8   39.5   86.4   16.6  
 
 6. Zero interval 7.21   17,067   183   706   62.6   8.3   72.3   90.4   9.3  
 7.   Minimal risk 6.77   220   199   635   82.3   11.2   64.3   88.9   10.3  
 8.   Low risk 6.53   1,262   230   735   68.9   2.6   50.8   86.7   9.4  
 9.   Moderate risk 7.24   6,261   198   711   58.6   3.4   73.0   92.8   11.3  
10.   Other 7.84   4,402   150   810   71.5   3.6   79.4   89.6   8.1  
 
11. Daily 5.63   17,118   1,085   202   12.4   33.6   8.6   49.5   13.1  
12.   Minimal risk 4.94   1,483   3,547   50   4.6   40.0   5.7   60.0   10.9  
13.   Low risk 5.25   4,449   2,027   105   6.5   43.9   7.2   41.7   19.0  
14.   Moderate risk 5.49   8,726   1,127   220   14.5   32.7   8.1   48.5   13.3  
15.   Other 7.36   2,241   475   395   20.6   13.6   13.1   56.9   6.7  
 
16. 2 to 30 days 5.70   21,446   1,038   519   25.1   41.0   6.1   85.7   6.3  
17.   Minimal risk 5.09   244   605   875   65.4   11.9   .5   95.4   1.0  
18.   Low risk 5.13   5,631   3,402   340   6.8   66.5   1.5   92.8   4.0  
19.   Moderate risk 5.74   7,684   1,104   574   37.3   25.5   6.7   79.6   8.8  
20.   Other 6.12   3,734   440   471   38.9   41.6   11.0   82.5   8.1  
 
21. 31 to 365 days 6.83   9,439   518   459   64.8   21.8   16.0   91.3   21.7  
22.   Minimal risk 6.22   194   173   337   94.1   18.6   19.8   97.4   7.6  
23.   Low risk 6.03   1,220   549   435   23.1   59.0   5.7   89.1   4.6  
24.   Moderate risk 6.44   1,750   270   618   48.2   28.9   12.5   82.4   8.6  
25.   Other 7.28   4,952   1,384   232   85.4   11.1   22.2   97.4   34.2  
  Months  
26. More than 365 days 7.52   4,415   365   56   41.7   42.5   52.0   89.7   9.9  
27.   Minimal risk 6.94   27   77   47   93.9   33.6   45.4   86.4   3.0  
28.   Low risk 6.55   284   223   59   30.0   28.0   33.9   91.0   7.8  
29.   Moderate risk 6.99   1,551   297   46   33.1   28.5   41.5   88.3   12.6  
30.   Other 8.45   1,862   806   66   44.7   54.8   79.0   92.5   8.9  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 8.01   2,948   3.3   154   84.1   8.0   72.9   84.5   8.2  
32.   100 - 999 7.47   10,086   3.3   141   73.9   11.4   67.4   91.6   9.8  
33.   1,000 - 9,999 6.51   20,046   3.3   132   46.0   24.4   31.8   89.0   12.2  
34.   10,000+ 5.77   36,604   3.0   116   19.6   37.3   10.2   69.6   10.6  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 7.78   19,040   3.5   220   64.6   12.6   165   92.3   11.5  
36.   Other 5.78   50,644   3.0   91   27.7   34.6   1,081   74.0   10.5   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 6-10, 2006                       For immediate release
2. Commercial and industrial loans made by domestic banks1                                March 21, 2006
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 6.69   46,208   291   656   50.4   15.1   40.0   80.4   14.6  
 2.   Minimal risk 5.38   1,685   510   187   25.1   25.7   16.4   62.7   12.5  
 3.   Low risk 5.77   5,790   469   498   26.1   18.0   20.7   66.9   17.1  
 4.   Moderate risk 6.45   18,790   326   657   41.5   12.1   34.1   75.3   12.7  
 5.   Other 7.66   12,638   261   772   74.8   12.9   53.1   93.5   19.7  
 
 6. Zero interval 7.24   16,151   174   690   62.4   8.5   73.9   89.9   9.5  
 7.   Minimal risk 6.75   213   195   603   84.9   11.6   66.5   88.5   10.3  
 8.   Low risk 6.90   963   178   783   60.4   3.4   65.7   82.5   12.4  
 9.   Moderate risk 7.22   6,059   193   699   58.1   3.4   72.3   92.5   11.3  
10.   Other 7.84   4,273   147   788   72.0   3.7   80.0   89.3   8.0  
 
11. Daily 5.62   9,479   630   317   17.7   19.8   15.0   46.2   22.5  
12.   Minimal risk 4.99   1,253   3,089   56   3.1   31.3   6.7   52.6   14.7  
13.   Low risk 5.35   2,218   1,069   171   12.9   23.1   14.3   42.8   36.5  
14.   Moderate risk 5.61   5,415   733   324   15.5   18.0   12.3   41.3   21.5  
15.   Other 7.97   521   116   1,515   88.7   .3   56.5   90.2   12.0  
 
16. 2 to 30 days 6.07   9,155   483   673   46.0   14.5   13.6   86.1   10.4  
17.   Minimal risk 5.20   30   91   193   81.9   8.0   3.9   94.3   4.2  
18.   Low risk 5.29   1,918   1,345   559   17.4   19.8   4.3   79.6   9.8  
19.   Moderate risk 6.16   4,459   696   759   48.6   10.2   10.6   87.2   10.4  
20.   Other 6.88   1,565   195   674   80.0   18.8   25.3   93.6   11.7  
 
21. 31 to 365 days 7.09   7,194   405   380   74.5   9.6   20.8   91.7   27.8  
22.   Minimal risk 6.33   171   153   378   93.3   7.8   22.4   97.1   8.0  
23.   Low risk 7.07   418   194   602   53.5   11.4   16.7   84.5   13.8  
24.   Moderate risk 6.58   1,467   229   685   47.9   23.1   14.7   83.6   9.4  
25.   Other 7.41   4,369   1,298   197   86.9   3.6   25.0   98.6   38.0  
  Months  
26. More than 365 days 7.69   4,037   337   57   44.9   41.7   55.9   88.8   10.1  
27.   Minimal risk 7.96   18   50   55   97.6   3.6   63.6   78.8   .4  
28.   Low risk 6.59   270   214   60   30.4   25.5   34.4   90.5   7.7  
29.   Moderate risk 7.23   1,324   255   47   38.7   20.2   48.3   86.3   13.5  
30.   Other 8.46   1,845   804   66   44.2   55.3   78.9   92.4   8.9  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 8.02   2,931   3.3   155   84.2   7.9   73.0   84.4   8.2  
32.   100 - 999 7.51   9,566   3.3   144   76.2   10.3   69.3   92.0   9.7  
33.   1,000 - 9,999 6.76   14,688   3.3   164   55.3   17.8   40.9   92.7   14.1  
34.   10,000+ 6.01   19,023   3.1   192   28.5   16.6   19.6   64.4   19.8  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 7.77   18,491   3.5   224   64.9   12.7   161   92.1   11.6  
36.   Other 5.96   27,717   3.1   136   40.8   16.7   631   72.5   17.1   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 6-10, 2006                       For immediate release
3. Commercial and industrial loans made by large domestic banks1                          March 21, 2006
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 6.51   40,377   486   628   45.8   15.9   36.9   79.6   15.5  
 2.   Minimal risk 5.14   1,509   2,251   146   17.8   27.6   11.7   58.9   13.5  
 3.   Low risk 5.47   5,096   1,190   461   18.6   18.6   15.4   64.4   19.3  
 4.   Moderate risk 6.27   16,610   652   635   36.7   12.1   30.0   73.7   13.5  
 5.   Other 7.61   10,438   380   729   72.3   13.7   50.4   95.3   21.2  
 
 6. Zero interval 7.09   13,846   257   714   59.7   9.3   72.5   89.4   9.8  
 7.   Minimal risk 6.36   163   405   603   84.9   15.0   56.9   85.1   10.2  
 8.   Low risk 6.60   751   377   897   54.6   4.1   59.8   78.0   14.6  
 9.   Moderate risk 7.07   5,089   321   707   53.2   3.5   70.5   92.6   11.7  
10.   Other 7.72   3,480   228   848   72.5   3.3   76.6   88.9   8.1  
 
11. Daily 5.48   9,050   1,029   247   14.1   20.7   11.4   44.3   24.2  
12.   Minimal risk 4.97   1,246   11,339   55   2.9   31.5   6.3   52.4   14.9  
13.   Low risk 5.17   2,096   1,770   165   8.4   24.4   9.4   41.4   39.4  
14.   Moderate risk 5.53   5,254   1,336   311   13.2   18.5   9.7   39.8   22.7  
15.   Other 7.82   391   128   282   86.4   .0   48.7   87.4   14.7  
 
16. 2 to 30 days 5.97   8,497   620   655   43.5   14.0   11.4   86.1   11.0  
17.   Minimal risk 5.72   7   112   329   83.3   .0   5.0   81.1   5.8  
18.   Low risk 5.21   1,841   2,806   551   15.6   19.0   4.0   78.9   10.0  
19.   Moderate risk 6.04   4,092   1,061   759   46.0   9.5   7.6   86.3   11.3  
20.   Other 6.82   1,405   212   564   78.1   17.9   21.9   97.8   12.4  
 
21. 31 to 365 days 6.90   5,603   1,844   391   70.7   8.7   14.6   92.7   32.0  
22.   Minimal risk 5.22   87   1,233   403   94.4   .4   4.5   98.1   9.0  
23.   Low risk 6.26   237   719   795   23.5   13.3   12.9   88.0   21.0  
24.   Moderate risk 6.24   1,125   1,505   748   43.6   18.9   6.0   83.2   11.2  
25.   Other 7.35   3,543   2,539   178   84.6   3.0   18.8   99.8   42.1  
  Months  
26. More than 365 days 7.68   3,207   1,371   54   34.9   48.2   60.0   95.7   10.2  
27.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
28.   Low risk 5.87   166   1,566   44   10.5   14.9   18.9   97.8   9.7  
29.   Moderate risk 7.05   995   1,065   43   27.8   23.7   49.0   91.8   12.8  
30.   Other 8.66   1,560   2,673   65   34.3   61.6   88.8   99.0   9.2  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 7.68   1,563   3.5   44   85.8   11.9   73.4   90.5   8.9  
32.   100 - 999 7.34   6,997   3.3   81   72.6   11.6   72.1   94.4   11.1  
33.   1,000 - 9,999 6.69   13,305   3.3   153   52.6   17.9   39.5   92.8   14.7  
34.   10,000+ 5.97   18,511   3.1   191   27.3   16.5   18.6   63.6   19.7  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 7.66   14,889   3.5   244   61.0   14.2   247   93.1   12.2  
36.   Other 5.84   25,488   3.0   102   36.8   16.9   1,116   71.7   18.0   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 6-10, 2006                       For immediate release
4. Commercial and industrial loans made by small domestic banks1                          March 21, 2006
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 7.90   5,831   77   851   82.8   9.6   61.8   85.7   8.4  
 2.   Minimal risk 7.42   177   67   485   87.6   9.0   56.8   95.8   7.0  
 3.   Low risk 7.95   694   86   753   80.7   13.3   59.4   85.2   5.1  
 4.   Moderate risk 7.85   2,180   68   835   77.5   11.5   65.0   87.9   7.3  
 5.   Other 7.89   2,200   105   975   86.8   9.0   65.7   85.1   11.6  
 
 6. Zero interval 8.11   2,306   60   548   78.9   3.2   82.6   92.9   8.0  
 7.   Minimal risk 8.03   49   72   602   85.0   .0   97.9   99.8   10.6  
 8.   Low risk 7.97   211   62   473   81.0   .7   86.7   98.5   6.1  
 9.   Moderate risk 7.98   970   62   651   83.4   2.6   81.5   92.3   9.1  
10.   Other 8.36   793   57   530   69.6   5.5   95.2   90.7   7.6  
 
11. Daily 8.36   430   69   1,799   91.4   .4   91.6   86.1   4.6  
12.   Minimal risk 8.11   7   24   263   51.6   .0   77.2   100.0   1.3  
13.   Low risk 8.42   122   137   255   91.1   .0   98.2   67.4   5.9  
14.   Moderate risk 8.29   160   46   774   89.5   .2   96.4   89.1   3.8  
15.   Other 8.42   131   90   4,582   95.6   1.2   79.7   98.4   4.8  
 
16. 2 to 30 days 7.36   658   125   894   78.5   21.4   42.2   86.5   2.3  
17.   Minimal risk 5.03   23   86   157   81.4   10.6   3.6   98.7   3.8  
18.   Low risk 7.04   76   99   733   60.0   40.4   11.4   97.8   6.0  
19.   Moderate risk 7.51   367   144   752   77.3   17.5   43.9   96.4   1.7  
20.   Other 7.33   160   116   1,549   96.2   27.0   54.9   56.4   .9  
 
21. 31 to 365 days 7.78   1,591   108   338   88.1   12.9   42.6   87.9   12.1  
22.   Minimal risk 7.48   84   80   352   92.2   15.4   41.0   96.1   7.1  
23.   Low risk 8.12   181   99   385   92.8   8.8   21.8   80.0   3.4  
24.   Moderate risk 7.70   342   60   479   62.2   36.7   43.1   85.2   3.6  
25.   Other 7.63   826   419   277   96.6   6.1   51.3   93.6   18.9  
  Months  
26. More than 365 days 7.69   830   86   67   83.6   16.4   39.8   62.0   9.8  
27.   Minimal risk 8.45   14   40   51   96.8   4.7   82.0   73.2   .5  
28.   Low risk 7.74   104   90   82   62.2   42.4   59.3   78.9   3.7  
29.   Moderate risk 7.76   329   77   57   71.6   9.8   46.2   69.6   16.2  
30.   Other 7.40   285   166   72   98.9   20.8   24.4   56.6   6.2  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 8.40   1,367   3.2   280   82.5   3.3   72.4   77.5   7.3  
32.   100 - 999 7.97   2,569   3.2   312   86.3   6.8   61.6   85.5   5.7  
33.   1,000 - 9,999 7.49   1,383   3.5   264   81.3   16.6   53.9   91.6   8.8  
34.   10,000+ ...   ...   ...   ...   ...   ...   ...   ...   ...  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 8.23   3,601   3.4   141   80.7   6.4   66   88.1   8.6  
36.   Other 7.36   2,229   3.3   518   86.1   14.7   106   81.9   8.1   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 6-10, 2006                           For immediate release
5. Commercial and industrial loans made by U.S. branches and agencies of foreign banks1       March 21, 2006
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 5.61   23,477   6,281   359   12.8   55.1   2.3   76.3   3.0  
 2.   Minimal risk 4.96   491   4,082   460   41.1   53.0   .3   98.1   .7  
 3.   Low risk 5.14   7,060   14,063   206   5.7   77.7   .2   80.0   1.3  
 4.   Moderate risk 5.33   7,247   5,717   242   19.5   51.5   3.8   67.2   4.9  
 5.   Other 6.34   4,618   4,318   304   15.6   42.4   2.5   66.8   4.5  
 
 6. Zero interval 6.78   916   1,237   969   65.5   5.1   44.0   100.0   5.5  
 7.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
 8.   Low risk 5.36   300   4,119   619   96.4   .0   3.0   100.0   1.4  
 9.   Moderate risk 8.02   202   830   1,286   74.4   5.5   94.4   100.0   11.5  
10.   Other 7.89   128   944   1,487   55.7   1.8   60.0   100.0   11.5  
 
11. Daily 5.66   7,639   10,437   68   5.9   50.6   .6   53.5   2.1  
12.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
13.   Low risk 5.15   2,231   18,555   44   .0   64.6   .1   40.6   .5  
14.   Moderate risk 5.29   3,311   9,288   57   12.9   56.7   1.2   60.3   2.4  
15.   Other 7.17   1,719   7,690   112   .0   17.7   .0   46.9   3.6  
 
16. 2 to 30 days 5.42   12,291   7,311   408   9.5   60.7   .4   85.5   3.1  
17.   Minimal risk 5.07   214   2,822   978   63.1   12.5   .0   95.6   .5  
18.   Low risk 5.04   3,713   16,151   233   1.3   90.5   .0   99.5   1.7  
19.   Moderate risk 5.15   3,224   5,791   322   21.7   46.7   1.2   69.1   6.0  
20.   Other 5.58   2,170   4,522   339   9.3   58.1   .6   74.6   4.8  
 
21. 31 to 365 days 5.98   2,245   4,906   709   33.7   60.7   .5   90.3   2.1  
22.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
23.   Low risk 5.48   802   12,076   357   7.2   83.8   .0   91.5   .2  
24.   Moderate risk 5.71   282   3,569   275   49.4   59.4   .9   76.1   3.8  
25.   Other 6.36   582   2,761   497   74.2   67.3   1.4   88.6   2.9  
  Months  
26. More than 365 days 5.81   379   3,151   42   7.5   51.2   10.5   100.0   8.2  
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 7.07   17   2.8   53   60.4   26.5   57.8   97.1   7.3  
32.   100 - 999 6.66   520   3.3   83   31.5   31.6   32.6   85.8   11.2  
33.   1,000 - 9,999 5.83   5,358   3.2   46   20.4   42.5   6.9   78.9   5.7  
34.   10,000+ 5.51   17,581   2.8   35   9.9   59.6   .0   75.2   1.9  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 8.05   550   3.2   88   54.4   8.7   684   95.9   10.7  
36.   Other 5.55   22,927   2.9   37   11.8   56.2   7,814   75.9   2.8   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 6-10, 2006                                For immediate release
6. Commercial and industrial loans by date pricing terms were set and commitment status            March 21, 2006
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 6.12   26,518   512   2.9   177   26.6   39.4   18.4  
 2.   Not under commitment 5.74   14,630   599   2.9   68   24.3   29.3   10.1  
 3.   Informal commitment 6.18   5,948   342   2.7   75   19.1   77.9   13.5  
 4.   Formal commitment 7.00   5,940   597   3.2   547   39.6   25.5   43.6  
    Before survey week9
 5.   Up to 90 days 6.07   12,579   500   3.0   103   33.3   34.4   22.0  
 6.   91 to 365 days 6.48   16,260   268   3.2   73   44.5   13.2   39.8  
 6.   More than 365 days 6.77   13,968   573   3.4   115   56.1   21.5   35.2  
 
Domestic banks
 8. During survey week 6.44   15,170   302   3.0   280   35.6   14.7   31.4  
 9.   Not under commitment 5.73   9,072   382   2.7   105   27.4   7.8   16.0  
10.   Informal commitment 7.62   1,585   93   2.9   197   69.5   18.9   50.0  
11.   Formal commitment 7.45   4,513   470   3.5   658   40.1   27.3   55.8  
    Before survey week9
12.   Up to 90 days 6.85   5,567   227   3.3   205   60.7   15.5   47.8  
13.   91 to 365 days 6.78   12,418   208   3.1   78   55.1   11.2   50.6  
14.   More than 365 days 6.82   13,043   547   3.5   118   58.8   19.1   36.7  
 
Large domestic banks
15. During survey week 6.06   12,312   1,088   2.9   251   22.8   16.6   24.5  
16.   Not under commitment 5.51   8,239   1,031   2.7   38   21.2   7.2   12.4  
17.   Informal commitment 6.39   583   299   2.5   145   28.4   49.6   29.1  
18.   Formal commitment 7.30   3,490   2,537   3.5   771   25.9   33.4   52.3  
    Before survey week9
19.   Up to 90 days 6.72   4,660   296   3.4   178   59.5   13.4   47.3  
20.   91 to 365 days 6.65   11,279   284   3.1   79   52.4   11.5   48.7  
21.   More than 365 days 6.76   12,126   750   3.5   116   57.6   20.2   34.5  
 
Small domestic banks
22. During survey week 8.07   2,858   73   3.3   403   90.4   6.7   61.1  
23.   Not under commitment 7.87   834   53   3.4   780   88.8   13.8   51.5  
24.   Informal commitment 8.34   1,002   67   3.0   227   93.3   1.1   62.1  
25.   Formal commitment 7.96   1,022   124   3.6   275   88.8   6.3   68.1  
    Before survey week9
26.   Up to 90 days 7.50   906   104   3.2   342   67.1   26.3   50.2  
27.   91 to 365 days 8.01   1,139   57   3.1   59   82.2   8.1   69.4  
28.   More than 365 days 7.62   917   120   3.9   143   75.1   4.1   65.5  
 
Foreign banks
29. During survey week 5.69   11,348   7,594   2.9   40   14.5   72.3   .9  
30.   Not under commitment 5.76   5,558   8,046   3.2   8   19.4   64.5   .4  
31.   Informal commitment 5.66   4,364   9,512   2.6   30   .8   99.3   .3  
32.   Formal commitment 5.56   1,427   4,138   2.2   191   37.9   19.8   4.9  
    Before survey week9
33.   Up to 90 days 5.46   7,012   10,706   2.7   22   11.6   49.4   1.5  
34.   91 to 365 days 5.54   3,842   3,868   3.4   57   9.9   19.5   5.2  
35.   More than 365 days 6.13   925   1,690   2.7   83   18.6   55.6   14.7   
...  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 7.50   7.52   7.50   7.57   7.06  
Standard error of loan rate4 .13   .13   .15   .05   .11  

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 21, 2006