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

Release Date: June 7, 2006
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FEDERAL RESERVE STATISTICAL RELEASE








E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 1-5, 2006                             For immediate release
1. Commercial and industrial loans made by all commercial banks1                            June 7, 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 6.39   106,839   608   541   36.3   29.3   25.3   84.7   8.6  
 2.   Minimal risk 5.09   14,293   4,826   103   19.1   76.6   2.9   91.2   2.0  
 3.   Low risk 6.53   17,168   1,218   618   14.0   31.7   14.4   80.8   5.1  
 4.   Moderate risk 6.47   42,437   665   504   33.2   19.1   26.4   82.5   12.1  
 5.   Other 7.44   17,880   343   850   59.7   20.0   38.3   89.7   10.4  
 
 6. Zero interval 7.08   30,518   310   549   50.6   7.4   56.6   93.7   7.6  
 7.   Minimal risk 5.47   884   757   547   90.9   21.2   25.3   98.6   14.0  
 8.   Low risk 7.52   2,389   454   1,135   41.0   1.4   46.6   89.4   7.2  
 9.   Moderate risk 6.71   16,102   453   421   35.5   3.1   45.9   96.1   6.7  
10.   Other 8.10   5,229   171   666   74.3   2.8   78.8   87.5   9.3  
 
11. Daily 5.69   31,953   1,710   148   14.0   52.5   6.8   73.3   5.1  
12.   Minimal risk 5.04   11,294   21,646   7   .9   88.2   .3   89.1   .0  
13.   Low risk 5.98   8,178   2,567   223   5.7   28.8   5.2   75.0   4.4  
14.   Moderate risk 5.88   9,249   1,141   244   19.0   33.4   10.6   49.5   15.7  
15.   Other 7.34   1,655   374   185   47.5   17.9   22.9   67.7   9.4  
 
16. 2 to 30 days 6.14   16,990   923   496   33.4   42.6   11.4   79.1   9.6  
17.   Minimal risk 4.54   965   3,874   446   85.6   61.8   .4   99.9   3.1  
18.   Low risk 5.67   3,010   1,708   314   9.8   71.6   6.0   71.7   5.2  
19.   Moderate risk 6.22   5,913   973   408   32.6   41.8   11.8   84.8   13.4  
20.   Other 6.88   4,032   531   510   44.7   44.3   14.8   88.1   10.0  
 
21. 31 to 365 days 6.39   20,449   791   836   46.6   15.8   16.4   92.0   12.1  
22.   Minimal risk 5.77   983   1,270   429   86.7   19.6   15.3   99.1   10.0  
23.   Low risk 7.96   3,246   1,183   1,471   16.7   23.6   20.1   97.7   4.7  
24.   Moderate risk 6.54   7,806   854   556   44.3   16.2   17.2   88.7   18.8  
25.   Other 7.10   4,992   792   1,168   53.8   16.5   14.4   98.5   11.1  
  Months  
26. More than 365 days 7.45   6,360   507   54   50.8   25.6   33.4   88.4   13.6  
27.   Minimal risk 5.65   106   525   22   89.9   6.9   4.6   99.3   2.1  
28.   Low risk 7.32   234   205   57   48.8   9.8   42.9   67.9   13.5  
29.   Moderate risk 7.28   3,272   690   54   36.6   22.8   22.9   89.7   16.1  
30.   Other 7.79   1,893   694   57   76.1   27.1   50.6   94.6   12.6  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 8.25   3,358   3.4   142   83.1   8.0   71.5   86.9   7.8  
32.   100 - 999 7.80   12,565   3.3   133   75.4   11.0   70.9   90.6   9.5  
33.   1,000 - 9,999 6.96   24,475   3.1   135   51.2   23.6   38.3   88.4   12.4  
34.   10,000+ 5.82   66,441   2.5   98   21.0   35.9   9.6   82.1   7.0  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 7.91   27,048   3.3   136   67.6   7.1   220   91.3   12.9  
36.   Other 5.88   79,792   2.6   104   25.7   36.8   1,511   82.4   7.0   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 1-5, 2006                             For immediate release
2. Commercial and industrial loans made by domestic banks1                                  June 7, 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 6.70   68,796   402   633   46.1   10.1   36.6   82.6   11.8  
 2.   Minimal risk 5.06   2,671   989   235   47.2   8.1   13.9   53.0   9.3  
 3.   Low risk 6.85   11,219   842   695   16.7   7.1   17.2   78.3   7.1  
 4.   Moderate risk 6.59   30,727   495   512   38.1   9.7   34.4   82.3   14.4  
 5.   Other 7.73   13,250   260   988   72.1   8.5   49.9   92.5   12.8  
 
 6. Zero interval 7.09   28,342   292   531   49.0   6.8   57.6   93.2   7.2  
 7.   Minimal risk 4.81   396   360   852   90.7   47.4   44.8   96.9   4.2  
 8.   Low risk 7.68   1,897   376   1,219   37.0   1.6   48.4   86.7   7.7  
 9.   Moderate risk 6.66   15,568   444   395   34.4   3.2   44.8   96.0   6.3  
10.   Other 8.08   5,100   168   638   74.0   2.8   78.6   87.2   9.2  
 
11. Daily 6.14   14,426   802   266   17.8   9.8   14.3   54.0   13.4  
12.   Minimal risk 5.14   1,262   2,582   11   2.7   .0   2.7   2.4   5.8  
13.   Low risk 6.15   6,169   2,013   291   6.2   7.0   6.9   71.5   6.2  
14.   Moderate risk 5.98   5,771   743   268   18.5   16.7   16.1   39.5   28.9  
15.   Other 8.06   823   192   373   95.1   1.3   45.4   88.7   12.1  
 
16. 2 to 30 days 6.48   7,195   427   674   53.2   13.0   25.3   82.0   13.7  
17.   Minimal risk 2.75   286   1,617   264   69.2   1.8   1.3   99.6   8.7  
18.   Low risk 6.04   845   567   400   21.7   10.7   21.5   67.0   13.2  
19.   Moderate risk 6.66   2,480   453   698   50.7   14.9   24.3   87.0   14.4  
20.   Other 7.28   2,058   286   803   69.1   13.7   28.2   95.4   16.0  
 
21. 31 to 365 days 6.37   13,072   529   818   59.9   6.8   21.9   89.4   18.0  
22.   Minimal risk 5.99   618   889   232   92.4   2.6   24.3   98.6   14.2  
23.   Low risk 8.60   1,963   763   1,519   25.1   5.6   15.7   96.3   6.5  
24.   Moderate risk 6.76   4,461   510   543   62.5   9.0   28.7   84.8   32.2  
25.   Other 7.35   3,311   553   1,278   62.3   5.1   18.9   98.5   15.8  
  Months  
26. More than 365 days 7.45   5,251   421   53   61.5   31.1   37.5   85.9   16.7  
27.   Minimal risk 5.65   106   525   22   89.9   6.9   4.6   99.3   2.1  
28.   Low risk 7.32   234   205   57   48.8   9.8   42.9   67.9   13.5  
29.   Moderate risk 7.27   2,352   497   51   50.9   31.8   31.8   85.6   23.4  
30.   Other 7.81   1,881   694   57   76.6   27.2   51.0   94.5   12.6  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 8.25   3,339   3.4   143   83.2   7.9   71.6   86.8   7.7  
32.   100 - 999 7.83   11,898   3.3   137   77.4   9.4   72.9   90.5   9.4  
33.   1,000 - 9,999 7.17   17,812   3.2   175   58.0   15.4   47.8   88.5   14.2  
34.   10,000+ 5.94   35,748   2.8   115   26.2   7.8   15.7   76.6   11.8  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 7.89   25,212   3.3   136   70.1   6.9   207   90.8   13.0  
36.   Other 6.01   43,585   2.8   136   32.1   11.9   881   77.8   11.0   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 1-5, 2006                             For immediate release
3. Commercial and industrial loans made by large domestic banks1                            June 7, 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 6.52   60,800   655   610   41.1   10.6   32.6   82.9   12.2  
 2.   Minimal risk 4.89   2,475   3,137   162   43.9   7.4   11.7   49.8   9.9  
 3.   Low risk 6.75   10,217   2,116   710   11.1   7.6   12.2   78.7   6.8  
 4.   Moderate risk 6.40   27,415   996   454   32.9   9.8   30.2   81.3   15.3  
 5.   Other 7.65   10,929   360   1,050   69.5   9.5   44.8   93.6   13.1  
 
 6. Zero interval 6.94   25,247   416   543   45.2   7.1   54.6   93.5   7.2  
 7.   Minimal risk 4.38   342   952   439   89.3   45.7   37.6   99.4   4.6  
 8.   Low risk 7.64   1,653   702   1,346   30.3   1.2   43.3   84.9   7.6  
 9.   Moderate risk 6.48   14,008   795   397   29.4   3.2   40.0   96.0   6.3  
10.   Other 7.96   4,213   243   696   74.2   2.8   75.7   86.7   9.3  
 
11. Daily 5.97   13,462   1,531   247   12.4   10.5   8.5   52.6   14.3  
12.   Minimal risk 5.08   1,237   7,035   7   .8   .0   .7   .4   7.2  
13.   Low risk 6.06   5,959   4,945   280   3.0   7.3   3.6   72.8   6.2  
14.   Moderate risk 5.80   5,425   1,511   258   14.1   17.7   11.3   36.5   32.4  
15.   Other 7.82   591   214   213   93.7   1.7   26.9   95.5   14.0  
 
16. 2 to 30 days 6.34   6,212   552   694   50.1   14.8   22.2   83.4   14.5  
17.   Minimal risk 2.55   269   2,918   244   71.9   1.9   .5   99.6   8.4  
18.   Low risk 5.88   687   1,288   457   20.4   12.8   21.0   59.5   15.8  
19.   Moderate risk 6.45   2,117   718   674   46.1   17.1   17.0   86.5   15.6  
20.   Other 7.26   1,792   328   872   67.3   15.3   24.1   98.1   16.6  
 
21. 31 to 365 days 6.16   11,416   1,520   884   56.0   7.4   17.5   91.6   18.3  
22.   Minimal risk 5.87   535   4,435   243   92.1   3.0   27.5   98.7   15.5  
23.   Low risk 8.80   1,653   3,011   1,714   16.8   6.1   6.0   99.6   5.1  
24.   Moderate risk 6.60   4,063   2,085   554   60.4   9.2   28.6   85.5   34.4  
25.   Other 7.33   2,767   806   1,473   56.9   5.6   12.7   99.2   14.6  
  Months  
26. More than 365 days 7.29   4,006   1,302   42   51.9   33.9   32.9   89.5   19.5  
27.   Minimal risk 5.50   91   2,217   19   92.5   7.6   5.0   99.7   1.5  
28.   Low risk 7.06   155   860   43   26.3   13.3   47.9   87.8   15.5  
29.   Moderate risk 7.04   1,750   1,515   32   38.4   29.4   28.9   86.2   28.9  
30.   Other 7.79   1,489   1,769   54   70.8   31.9   46.8   96.5   14.7  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 7.98   1,829   3.5   45   85.1   11.5   71.5   90.4   8.5  
32.   100 - 999 7.68   8,373   3.4   80   73.6   11.6   72.0   93.7   10.8  
33.   1,000 - 9,999 7.09   15,710   3.2   146   54.6   15.9   46.8   90.9   14.4  
34.   10,000+ 5.91   34,888   2.8   106   24.9   8.0   14.7   76.3   11.6  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 7.76   19,804   3.3   107   65.7   7.6   300   93.0   14.4  
36.   Other 5.93   40,996   2.8   113   29.2   12.1   1,531   78.0   11.0   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 1-5, 2006                             For immediate release
4. Commercial and industrial loans made by small domestic banks1                            June 7, 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 8.04   7,996   102   817   83.7   5.7   67.6   80.4   8.7  
 2.   Minimal risk 7.12   196   103   1,192   88.8   16.1   41.7   93.8   5.9  
 3.   Low risk 7.83   1,002   118   541   73.5   2.5   68.4   73.8   9.9  
 4.   Moderate risk 8.22   3,312   96   1,027   81.0   9.4   69.0   90.0   7.7  
 5.   Other 8.10   2,321   113   707   84.7   3.8   74.0   87.3   11.2  
 
 6. Zero interval 8.29   3,095   85   417   80.0   3.7   81.5   90.5   7.1  
 7.   Minimal risk 7.56   54   73   3,428   99.5   57.8   90.8   81.6   1.3  
 8.   Low risk 7.94   244   91   285   81.9   4.3   82.6   98.8   7.8  
 9.   Moderate risk 8.32   1,560   89   373   79.5   2.9   87.2   95.7   6.6  
10.   Other 8.64   887   69   379   73.2   3.0   92.3   89.9   8.6  
 
11. Daily 8.62   964   105   518   93.9   .2   95.5   73.8   4.6  
12.   Minimal risk 8.19   25   81   186   95.4   .0   99.8   99.1   5.6  
13.   Low risk 8.88   210   113   600   97.1   .2   100.0   34.8   6.1  
14.   Moderate risk 8.82   346   83   419   86.7   .4   92.4   87.1   5.8  
15.   Other 8.68   232   151   756   98.5   .1   92.7   71.3   5.7  
 
16. 2 to 30 days 7.36   983   175   523   73.2   1.7   44.6   72.6   8.4  
17.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
18.   Low risk 6.75   158   165   178   27.8   1.4   23.8   99.8   6.7  
19.   Moderate risk 7.90   363   144   840   77.6   1.9   66.6   89.9   7.5  
20.   Other 7.41   266   153   333   81.0   2.9   55.8   76.7   10.9  
 
21. 31 to 365 days 7.77   1,656   96   354   86.6   3.1   52.8   74.1   15.0  
22.   Minimal risk 6.81   83   144   154   94.5   .0   3.9   98.3   6.2  
23.   Low risk 7.57   310   153   339   69.4   3.1   67.4   78.7   15.9  
24.   Moderate risk 8.34   398   59   428   84.7   6.8   30.1   78.4   8.8  
25.   Other 7.45   544   213   310   89.5   2.7   50.5   94.9   21.9  
  Months  
26. More than 365 days 7.96   1,245   133   86   92.4   22.0   52.4   74.2   5.8  
27.   Minimal risk 6.58   15   91   44   73.5   2.1   2.3   96.6   6.0  
28.   Low risk 7.82   79   82   81   92.9   2.9   33.2   29.0   1.6  
29.   Moderate risk 7.92   602   168   107   87.1   38.5   40.2   83.9   6.8  
30.   Other 7.89   392   210   70   98.6   9.6   66.8   87.3   3.9  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 8.58   1,509   3.2   260   81.1   3.6   71.6   82.5   6.7  
32.   100 - 999 8.21   3,525   3.1   270   86.4   4.3   75.0   82.9   5.4  
33.   1,000 - 9,999 7.73   2,102   3.3   392   83.4   12.0   55.4   71.1   12.5  
34.   10,000+ 7.17   860   3.6   473   78.3   .0   60.1   89.3   16.8  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 8.38   5,407   3.3   242   86.3   4.3   97   82.8   7.6  
36.   Other 7.33   2,589   3.1   491   78.3   8.8   114   75.5   11.1   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 1-5, 2006                                 For immediate release
5. Commercial and industrial loans made by U.S. branches and agencies of foreign banks1         June 7, 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 5.84   38,043   8,263   384   18.6   64.0   4.8   88.4   3.2  
 2.   Minimal risk 5.09   11,622   44,313   73   12.7   92.3   .4   100.0   1.1  
 3.   Low risk 5.92   5,949   7,613   480   8.8   78.1   9.1   85.5   1.8  
 4.   Moderate risk 6.15   11,711   6,530   483   20.4   43.5   5.4   83.2   6.2  
 5.   Other 6.61   4,630   4,190   491   24.2   52.8   4.9   81.5   2.9  
 
 6. Zero interval 7.00   2,176   1,907   764   70.9   15.4   44.3   100.0   12.7  
 7.   Minimal risk 6.00   488   7,090   315   91.0   .0   9.5   100.0   21.7  
 8.   Low risk 6.90   492   2,274   854   56.6   .4   39.9   100.0   5.7  
 9.   Moderate risk 8.14   534   1,190   1,237   66.7   1.0   78.5   100.0   18.6  
10.   Other 9.02   129   540   1,641   83.6   .0   89.8   99.7   14.6  
 
11. Daily 5.31   17,526   24,942   54   10.9   87.7   .6   89.1   .9  
12.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
13.   Low risk 5.44   2,009   16,561   17   4.3   95.7   .0   85.6   .0  
14.   Moderate risk 5.70   3,478   10,333   207   19.9   61.3   1.5   66.0   2.6  
15.   Other 6.62   833   6,097   7   .5   34.3   .6   46.9   4.2  
 
16. 2 to 30 days 5.89   9,796   6,321   375   18.9   64.3   1.2   77.1   6.4  
17.   Minimal risk 5.29   679   9,410   522   92.5   87.1   .0   100.0   .8  
18.   Low risk 5.52   2,166   7,926   284   5.1   95.3   .0   73.6   2.3  
19.   Moderate risk 5.91   3,433   5,732   206   19.5   61.3   2.8   83.2   12.6  
20.   Other 6.46   1,974   4,950   222   19.4   76.2   .8   80.5   2.6  
 
21. 31 to 365 days 6.43   7,377   6,592   868   23.1   31.8   6.7   96.8   2.6  
22.   Minimal risk 5.38   365   4,636   762   77.1   48.3   .0   100.0   2.9  
23.   Low risk 6.98   1,282   7,521   1,398   3.9   51.2   26.8   99.7   1.9  
24.   Moderate risk 6.24   3,346   8,457   572   19.9   25.7   1.7   93.8   2.6  
25.   Other 6.60   1,681   5,361   957   37.1   38.9   5.4   98.4   1.8  
  Months  
26. More than 365 days 7.45   1,109   13,529   57   .1   .0   14.3   100.0   .8  
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 7.71   19   3.0   32   52.8   23.5   64.7   96.8   14.4  
32.   100 - 999 7.15   667   3.2   70   40.5   38.6   35.8   92.5   11.9  
33.   1,000 - 9,999 6.40   6,663   2.8   29   32.8   45.4   13.0   88.0   7.6  
34.   10,000+ 5.69   30,693   2.2   78   15.0   68.6   2.3   88.4   2.1  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 8.12   1,836   2.7   133   32.8   9.4   1,458   97.4   11.4  
36.   Other 5.72   36,207   2.3   66   17.9   66.8   10,824   88.0   2.8   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 1-5, 2006                                      For immediate release
6. Commercial and industrial loans by date pricing terms were set and commitment status              June 7, 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 6.23   52,561   960   2.4   117   20.3   42.3   13.5  
 2.   Not under commitment 5.99   16,383   662   2.7   86   26.1   20.5   14.4  
 3.   Informal commitment 5.67   22,283   1,390   2.0   101   9.8   77.0   5.2  
 4.   Formal commitment 7.39   13,895   994   2.7   181   30.3   12.4   25.6  
    Before survey week9
 5.   Up to 90 days 6.30   15,360   505   3.1   94   30.7   9.6   26.8  
 6.   91 to 365 days 6.21   21,054   331   3.0   83   60.3   20.4   39.1  
 6.   More than 365 days 7.17   17,864   668   3.2   146   59.8   18.3   42.7  
 
Domestic banks
 8. During survey week 6.86   25,648   482   2.7   158   30.5   7.8   25.6  
 9.   Not under commitment 6.09   11,986   494   2.6   113   27.6   6.4   19.3  
10.   Informal commitment 8.08   1,515   99   3.1   172   79.2   8.6   76.0  
11.   Formal commitment 7.46   12,147   886   2.8   201   27.4   9.1   25.5  
    Before survey week9
12.   Up to 90 days 6.28   11,538   387   3.0   95   34.9   6.6   33.0  
13.   91 to 365 days 6.27   16,476   264   3.1   101   61.6   11.2   47.8  
14.   More than 365 days 7.23   15,135   590   3.3   167   64.0   15.2   46.0  
 
Large domestic banks
15. During survey week 6.61   21,420   1,580   2.7   114   19.1   8.6   16.9  
16.   Not under commitment 5.82   10,423   1,109   2.6   65   17.9   6.8   13.3  
17.   Informal commitment 7.29   347   212   2.7   225   53.3   28.2   54.3  
18.   Formal commitment 7.36   10,650   4,219   2.7   158   19.1   9.6   19.3  
    Before survey week9
19.   Up to 90 days 6.12   10,593   536   3.0   61   30.3   5.7   30.2  
20.   91 to 365 days 6.07   14,877   348   3.1   95   59.9   12.1   45.5  
21.   More than 365 days 7.18   13,911   828   3.3   163   63.2   15.9   44.7  
 
Small domestic banks
22. During survey week 8.11   4,228   107   3.2   384   88.7   3.9   69.6  
23.   Not under commitment 7.90   1,564   105   3.0   437   91.8   3.3   59.4  
24.   Informal commitment 8.32   1,168   86   3.2   157   86.9   2.7   82.4  
25.   Formal commitment 8.15   1,496   134   3.3   506   86.7   5.5   70.2  
    Before survey week9
26.   Up to 90 days 8.02   945   94   3.1   477   86.5   16.3   64.4  
27.   91 to 365 days 8.13   1,599   81   3.1   151   77.6   2.9   69.5  
28.   More than 365 days 7.72   1,224   139   3.5   205   72.6   7.4   60.9  
 
Foreign banks
29. During survey week 5.63   26,913   17,833   2.1   78   10.5   75.2   1.9  
30.   Not under commitment 5.72   4,397   9,292   3.1   10   22.1   59.0   1.1  
31.   Informal commitment 5.50   20,768   26,729   1.9   96   4.7   82.0   .1  
32.   Formal commitment 6.92   1,748   6,748   2.4   40   50.1   35.3   26.1  
    Before survey week9
33.   Up to 90 days 6.38   3,822   5,979   3.3   91   18.1   18.7   8.0  
34.   91 to 365 days 6.02   4,578   3,414   2.5   23   55.6   53.4   7.6  
35.   More than 365 days 6.85   2,729   2,448   2.9   30   36.6   35.0   24.4   
...  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 7.75   7.75   7.75   7.76   7.68  
Standard error of loan rate4 .15   .21   .26   .12   .17  

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: June 7, 2006