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 19, 2006
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FEDERAL RESERVE STATISTICAL RELEASE








E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 7-11, 2006                         For immediate release
1. Commercial and industrial loans made by all commercial banks1                      September 19, 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 7.05   75,727   470   566   35.8   24.7   26.9   80.2   9.2  
 2.   Minimal risk 5.86   5,036   1,425   160   18.2   61.4   7.9   83.9   4.5  
 3.   Low risk 6.46   10,541   902   377   25.5   48.2   15.0   81.8   8.3  
 4.   Moderate risk 7.02   33,679   579   634   27.8   18.1   24.9   76.3   10.2  
 5.   Other 7.89   14,882   289   515   61.1   18.1   38.2   89.0   10.2  
 
 6. Zero interval 8.05   22,104   230   709   57.0   7.4   66.8   93.2   8.8  
 7.   Minimal risk 6.78   771   681   371   54.6   17.8   32.1   93.3   8.7  
 8.   Low risk 7.32   1,715   290   633   52.8   2.6   51.5   91.7   10.8  
 9.   Moderate risk 8.06   10,520   306   767   42.5   3.8   59.2   94.6   8.3  
10.   Other 8.73   4,818   148   703   80.7   2.9   84.9   93.0   9.7  
 
11. Daily 6.13   20,980   1,924   159   12.9   43.2   7.9   59.6   9.8  
12.   Minimal risk 5.48   3,171   18,643   5   .6   76.4   .3   78.1   .1  
13.   Low risk 5.94   4,029   2,714   74   2.9   77.4   4.8   77.9   7.5  
14.   Moderate risk 6.05   9,962   1,924   135   9.8   24.7   7.1   39.6   18.4  
15.   Other 6.75   2,595   1,047   123   52.3   40.2   8.8   76.3   8.9  
 
16. 2 to 30 days 6.61   12,711   597   501   29.1   33.7   9.4   84.4   7.5  
17.   Minimal risk 5.93   374   1,347   493   14.7   60.0   3.4   94.3   3.2  
18.   Low risk 6.67   2,161   1,246   402   13.1   60.2   5.0   77.9   4.7  
19.   Moderate risk 6.40   5,200   812   548   26.6   30.0   9.2   90.3   8.4  
20.   Other 7.23   2,641   270   324   42.0   32.2   11.3   88.5   7.6  
 
21. 31 to 365 days 7.04   15,462   850   710   35.7   17.7   6.9   87.0   10.6  
22.   Minimal risk 6.35   612   447   413   55.6   48.1   15.7   95.5   18.3  
23.   Low risk 6.18   1,937   1,377   372   49.4   26.6   3.3   94.1   11.5  
24.   Moderate risk 7.13   6,036   878   1,021   26.7   20.3   3.3   91.8   9.3  
25.   Other 7.91   3,728   923   424   53.8   14.4   15.2   94.3   12.8  
  Months  
26. More than 365 days 7.88   4,242   299   51   59.2   21.3   39.5   76.1   9.1  
27.   Minimal risk 7.57   84   178   46   66.2   12.8   29.5   88.9   7.1  
28.   Low risk 7.82   559   532   60   76.7   7.3   58.8   49.5   6.4  
29.   Moderate risk 7.72   1,930   373   50   48.4   23.6   39.1   78.7   8.8  
30.   Other 8.36   1,087   418   48   67.0   11.0   46.5   84.5   12.8  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 8.74   3,137   3.3   177   84.1   8.0   70.1   84.1   7.0  
32.   100 - 999 8.17   11,420   3.2   149   71.7   11.2   68.4   90.4   9.5  
33.   1,000 - 9,999 7.26   20,559   3.1   125   46.1   22.3   35.7   88.5   11.7  
34.   10,000+ 6.50   40,610   2.8   51   16.8   31.0   7.5   72.7   7.7  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 8.46   20,382   3.3   105   66.1   7.1   183   91.1   10.5  
36.   Other 6.54   55,346   2.9   86   24.7   31.2   1,110   76.1   8.6   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 7-11, 2006                         For immediate release
2. Commercial and industrial loans made by domestic banks1                            September 19, 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 7.30   49,581   316   573   46.9   12.2   38.8   77.5   12.0  
 2.   Minimal risk 6.32   1,882   564   301   36.3   20.4   20.2   57.8   15.0  
 3.   Low risk 6.72   5,634   518   567   45.1   13.7   27.2   76.9   15.1  
 4.   Moderate risk 7.04   24,766   437   555   32.7   10.4   32.6   72.4   12.4  
 5.   Other 8.37   10,096   200   590   74.5   7.6   52.5   92.7   12.0  
 
 6. Zero interval 7.94   20,000   211   581   59.6   8.1   71.2   92.5   9.2  
 7.   Minimal risk 6.98   513   494   466   46.7   26.8   45.8   90.0   9.4  
 8.   Low risk 7.33   1,544   270   614   50.8   2.8   54.8   90.8   11.6  
 9.   Moderate risk 7.78   9,118   268   506   47.4   4.4   65.8   93.8   9.1  
10.   Other 8.70   4,570   142   675   80.3   3.0   84.3   92.6   9.2  
 
11. Daily 6.21   10,361   1,028   157   12.5   12.6   11.9   33.2   28.3  
12.   Minimal risk 5.53   704   4,880   5   .7   .0   1.3   1.6   31.8  
13.   Low risk 6.18   1,251   947   236   9.2   30.4   15.5   48.4   38.9  
14.   Moderate risk 6.09   7,467   1,545   151   7.8   12.0   8.5   29.3   29.8  
15.   Other 8.52   495   210   168   74.6   3.2   46.0   91.9   14.1  
 
16. 2 to 30 days 6.96   5,988   298   640   48.3   14.2   19.8   88.9   9.5  
17.   Minimal risk 6.81   65   270   761   71.9   .8   19.7   93.4   9.4  
18.   Low risk 6.63   699   471   477   38.0   19.4   15.5   85.1   9.8  
19.   Moderate risk 6.82   2,872   481   804   36.4   8.0   16.6   91.6   9.5  
20.   Other 7.51   1,314   139   458   72.7   18.4   22.7   97.4   11.3  
 
21. 31 to 365 days 7.18   8,956   524   557   51.2   14.8   11.7   88.8   14.3  
22.   Minimal risk 6.46   508   380   374   64.6   46.4   17.9   94.6   22.0  
23.   Low risk 6.24   1,454   1,183   359   65.0   8.3   4.3   92.1   13.2  
24.   Moderate risk 6.92   3,350   517   802   35.7   17.7   5.9   90.1   13.2  
25.   Other 8.30   2,764   735   356   64.8   9.3   20.4   94.1   15.6  
  Months  
26. More than 365 days 7.79   4,084   288   50   61.4   22.0   37.2   75.2   9.5  
27.   Minimal risk 7.57   84   178   46   66.2   12.8   29.5   88.9   7.1  
28.   Low risk 7.81   551   527   60   77.7   7.4   58.2   48.9   6.2  
29.   Moderate risk 7.72   1,928   374   50   48.4   23.6   39.0   78.7   8.8  
30.   Other 8.06   938   362   42   77.0   12.3   38.4   82.4   15.2  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 8.74   3,120   3.4   178   84.2   7.9   70.1   84.0   6.9  
32.   100 - 999 8.22   10,716   3.3   157   74.0   9.3   70.8   90.2   9.4  
33.   1,000 - 9,999 7.55   14,952   3.1   163   55.7   15.0   46.3   89.2   13.4  
34.   10,000+ 6.44   20,792   2.9   80   21.0   12.3   12.3   61.6   13.6  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 8.40   19,250   3.3   105   67.8   7.2   175   90.6   10.5  
36.   Other 6.61   30,330   3.0   143   33.6   15.4   649   69.3   13.3   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 7-11, 2006                         For immediate release
3. Commercial and industrial loans made by large domestic banks1                      September 19, 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 7.14   44,040   494   537   42.3   13.2   35.6   77.8   12.9  
 2.   Minimal risk 6.08   1,657   1,484   282   28.5   22.8   16.3   56.4   16.8  
 3.   Low risk 6.50   4,841   864   469   38.6   15.8   20.4   79.8   16.2  
 4.   Moderate risk 6.86   22,391   786   518   27.7   10.9   29.1   70.8   13.4  
 5.   Other 8.28   8,673   287   579   73.5   7.8   48.5   94.6   12.8  
 
 6. Zero interval 7.81   17,475   285   602   56.9   9.0   69.3   92.6   9.5  
 7.   Minimal risk 6.77   469   636   494   42.5   29.2   42.1   94.4   9.6  
 8.   Low risk 7.11   1,244   377   658   47.2   3.3   51.3   91.2   13.0  
 9.   Moderate risk 7.64   8,013   400   520   43.0   4.7   62.6   93.7   9.5  
10.   Other 8.61   3,724   203   737   80.8   3.0   81.6   92.8   9.4  
 
11. Daily 6.12   9,987   1,751   149   9.9   13.0   9.2   31.6   30.6  
12.   Minimal risk 5.51   701   10,700   3   .3   .0   .9   1.1   44.1  
13.   Low risk 6.12   1,233   1,204   233   7.9   30.9   14.3   47.7   39.9  
14.   Moderate risk 6.04   7,341   2,741   145   6.7   12.2   7.0   28.3   31.3  
15.   Other 8.29   355   310   106   73.8   3.7   27.1   94.4   18.6  
 
16. 2 to 30 days 6.82   5,342   359   658   45.5   15.7   15.4   90.8   10.1  
17.   Minimal risk 6.61   54   567   797   75.3   1.0   15.7   96.4   9.6  
18.   Low risk 6.44   620   951   504   30.7   21.7   10.3   84.3   10.0  
19.   Moderate risk 6.62   2,569   794   829   33.5   8.7   10.4   91.4   10.4  
20.   Other 7.42   1,211   145   475   73.5   19.6   17.8   98.7   11.9  
 
21. 31 to 365 days 7.05   8,077   1,982   571   47.1   15.6   9.0   90.3   15.1  
22.   Minimal risk 6.01   382   3,206   414   54.2   61.7   8.4   99.8   26.6  
23.   Low risk 6.23   1,378   3,562   359   63.6   8.6   3.1   94.6   13.3  
24.   Moderate risk 6.64   2,928   2,209   871   28.6   18.3   2.7   90.6   14.2  
25.   Other 8.29   2,625   1,599   335   63.4   9.5   19.8   94.9   16.2  
  Months  
26. More than 365 days 7.56   2,976   1,042   39   48.5   27.1   36.1   87.6   11.0  
27.   Minimal risk 7.51   51   570   49   45.3   9.3   48.3   99.5   10.4  
28.   Low risk 7.14   231   1,402   48   47.7   16.0   28.1   84.7   7.9  
29.   Moderate risk 7.52   1,508   1,458   36   36.3   27.8   41.6   82.0   10.6  
30.   Other 8.02   744   1,148   37   72.2   9.4   45.0   95.9   16.3  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 8.46   1,747   3.4   46   85.5   11.7   72.3   89.7   7.5  
32.   100 - 999 8.11   7,971   3.3   85   71.2   11.5   72.0   93.3   10.6  
33.   1,000 - 9,999 7.48   13,577   3.2   144   52.6   15.8   44.9   91.5   14.1  
34.   10,000+ 6.44   20,744   2.9   81   20.8   12.4   12.4   61.8   13.6  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 8.28   15,666   3.3   83   65.2   8.4   245   92.3   11.5  
36.   Other 6.52   28,374   3.0   109   29.7   15.9   1,122   69.8   13.8   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 7-11, 2006                         For immediate release
4. Commercial and industrial loans made by small domestic banks1                      September 19, 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 8.58   5,541   82   874   83.2   4.1   64.7   75.7   5.1  
 2.   Minimal risk 8.10   225   101   432   93.5   2.8   49.4   68.3   4.1  
 3.   Low risk 8.10   793   150   1,106   85.2   1.1   68.8   58.8   5.5  
 4.   Moderate risk 8.71   2,375   84   945   79.7   5.2   65.5   87.7   4.8  
 5.   Other 8.89   1,424   70   653   80.3   6.0   77.3   80.8   6.1  
 
 6. Zero interval 8.83   2,525   75   422   78.7   2.2   84.8   91.4   6.8  
 7.   Minimal risk 9.23   43   145   223   91.6   .7   85.4   42.3   6.8  
 8.   Low risk 8.23   300   124   455   65.5   .7   69.3   89.2   5.5  
 9.   Moderate risk 8.80   1,105   79   373   79.1   2.4   88.7   94.4   6.7  
10.   Other 9.11   847   61   400   77.7   3.1   96.2   91.7   8.2  
 
11. Daily 8.64   374   86   405   81.5   .9   82.4   75.5   1.9  
12.   Minimal risk 8.79   4   45   391   82.3   .0   91.7   96.8   4.8  
13.   Low risk 9.69   18   60   420   94.7   .0   95.3   96.3   1.6  
14.   Moderate risk 9.05   126   58   471   72.1   .4   97.8   86.5   1.3  
15.   Other 9.09   140   115   314   76.8   2.0   93.9   85.6   1.6  
 
16. 2 to 30 days 8.12   647   125   454   72.2   1.6   56.4   73.7   3.1  
17.   Minimal risk 7.81   11   75   548   55.1   .0   39.7   78.1   8.0  
18.   Low risk 8.16   79   95   305   94.9   1.4   55.8   91.3   8.1  
19.   Moderate risk 8.50   303   111   581   60.9   2.1   69.0   93.3   2.0  
20.   Other 8.59   103   92   279   62.4   3.1   80.2   81.9   2.4  
 
21. 31 to 365 days 8.39   879   67   428   88.6   7.6   36.2   75.8   4.7  
22.   Minimal risk 7.80   127   104   261   96.0   .0   46.6   78.8   4.2  
23.   Low risk 6.29   76   90   375   90.3   2.3   26.5   46.6   9.8  
24.   Moderate risk 8.82   422   82   319   84.7   13.1   28.4   87.2   5.9  
25.   Other 8.55   139   66   761   91.5   5.5   32.6   78.4   1.8  
  Months  
26. More than 365 days 8.41   1,108   98   78   95.9   8.3   40.3   42.0   .8  
27.   Minimal risk 7.68   33   86   43   99.0   18.2   .0   72.3   .0  
28.   Low risk 8.30   320   363   68   99.4   1.1   80.0   23.0   1.8  
29.   Moderate risk 8.43   420   102   101   92.1   8.6   29.8   67.0   .6  
30.   Other 8.21   194   100   64   95.8   23.6   13.3   31.0   .7  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 9.09   1,373   3.2   346   82.6   3.1   67.4   76.8   6.2  
32.   100 - 999 8.52   2,745   3.1   365   81.9   3.0   67.1   81.3   5.4  
33.   1,000 - 9,999 8.25   1,375   2.8   346   85.7   7.2   59.4   66.2   2.9  
34.   10,000+ ...   ...   ...   ...   ...   ...   ...   ...   ...  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 8.93   3,585   3.2   201   79.1   2.2   78   83.3   5.4  
36.   Other 7.93   1,956   2.9   629   90.6   7.6   91   61.8   4.2   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 7-11, 2006                             For immediate release
5. Commercial and industrial loans made by U.S. branches and agencies of foreign banks1   September 19, 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 6.58   26,146   6,239   554   14.8   48.3   4.3   85.1   4.3  
 2.   Minimal risk 5.59   3,154   15,948   85   7.4   85.8   .6   99.5   .8  
 3.   Low risk 6.17   4,907   6,136   184   3.1   87.8   1.0   87.4   1.5  
 4.   Moderate risk 6.97   8,913   5,871   843   14.5   39.6   3.5   87.0   4.9  
 5.   Other 6.87   4,786   4,608   370   33.0   40.2   8.0   81.3   5.9  
 
 6. Zero interval 9.12   2,104   2,150   1,803   31.9   .1   24.7   100.0   5.5  
 7.   Minimal risk 6.39   258   2,730   230   70.3   .0   5.0   100.0   7.3  
 8.   Low risk 7.29   172   876   784   70.6   .8   21.4   100.0   4.8  
 9.   Moderate risk 9.85   1,402   4,366   2,329   10.5   .0   16.4   100.0   3.2  
10.   Other 9.18   248   708   1,154   88.3   .6   96.1   100.0   17.4  
 
11. Daily 6.04   10,619   12,833   161   13.3   73.1   3.9   85.3   2.8  
12.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
13.   Low risk 5.84   2,778   17,002   7   .0   98.6   .0   91.1   .0  
14.   Moderate risk 5.92   2,495   7,254   89   15.6   62.8   3.1   70.4   4.1  
15.   Other 6.34   2,100   18,013   113   47.0   49.0   .1   72.7   7.3  
 
16. 2 to 30 days 6.30   6,723   5,425   389   12.0   51.1   .2   80.4   5.6  
17.   Minimal risk 5.74   309   8,300   439   2.6   72.4   .0   94.4   1.9  
18.   Low risk 6.69   1,462   5,884   374   1.2   79.7   .0   74.5   1.9  
19.   Moderate risk 5.88   2,328   5,275   241   14.4   57.1   .0   88.8   7.0  
20.   Other 6.96   1,327   4,644   205   11.6   46.0   .0   79.6   3.1  
 
21. 31 to 365 days 6.84   6,505   5,978   919   14.4   21.8   .3   84.4   5.2  
22.   Minimal risk 5.84   104   3,012   592   11.3   56.7   4.7   100.0   1.0  
23.   Low risk 6.01   483   2,717   409   2.3   81.9   .2   100.0   6.7  
24.   Moderate risk 7.39   2,686   6,807   1,291   15.5   23.5   .0   93.9   4.7  
25.   Other 6.79   964   3,466   617   22.2   29.2   .0   95.0   4.7  
  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 8.14   17   3.2   43   56.4   26.3   68.4   98.4   10.5  
32.   100 - 999 7.45   705   3.0   25   37.6   40.0   32.9   93.6   11.4  
33.   1,000 - 9,999 6.50   5,607   3.0   22   20.5   41.6   7.5   86.6   7.0  
34.   10,000+ 6.57   19,818   2.7   20   12.3   50.6   2.4   84.4   3.2  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 9.45   1,131   3.4   104   36.7   5.0   1,086   100.0   11.0  
36.   Other 6.45   25,015   2.7   17   13.8   50.3   7,943   84.4   4.0   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 7-11, 2006                                  For immediate release
6. Commercial and industrial loans by date pricing terms were set and commitment status        September 19, 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 6.63   30,000   607   2.7   100   21.8   36.6   16.7  
 2.   Not under commitment 6.34   15,025   604   2.9   116   20.7   17.3   12.1  
 3.   Informal commitment 6.23   9,304   648   2.1   29   11.5   85.1   9.3  
 4.   Formal commitment 8.06   5,671   554   3.2   176   41.9   8.3   41.2  
    Before survey week9
 5.   Up to 90 days 7.53   14,007   386   3.2   91   33.7   14.6   29.7  
 6.   91 to 365 days 7.11   17,555   352   3.2   73   48.3   15.9   33.5  
 6.   More than 365 days 7.41   14,135   570   3.1   91   51.9   20.2   37.5  
 
Domestic banks
 8. During survey week 6.90   15,937   331   2.9   172   35.2   7.8   28.6  
 9.   Not under commitment 6.39   11,132   455   2.8   150   23.1   6.7   16.3  
10.   Informal commitment 8.44   1,461   107   3.1   156   67.2   9.2   58.6  
11.   Formal commitment 7.92   3,344   333   3.3   252   61.6   11.2   56.5  
    Before survey week9
12.   Up to 90 days 7.60   8,921   250   3.2   131   46.3   13.8   45.8  
13.   91 to 365 days 7.50   12,483   256   3.2   95   54.2   8.8   45.8  
14.   More than 365 days 7.42   12,209   514   3.1   101   55.0   20.3   39.8  
 
Large domestic banks
15. During survey week 6.47   12,616   921   2.9   90   22.4   8.8   21.0  
16.   Not under commitment 6.14   9,787   1,063   2.8   65   13.2   6.7   12.4  
17.   Informal commitment 7.48   445   189   2.7   177   55.8   28.2   41.5  
18.   Formal commitment 7.61   2,384   1,115   3.4   180   53.9   13.5   52.6  
    Before survey week9
19.   Up to 90 days 7.48   8,021   329   3.2   113   41.9   14.8   42.2  
20.   91 to 365 days 7.42   11,667   335   3.2   97   52.1   9.1   43.9  
21.   More than 365 days 7.36   11,736   722   3.1   104   54.3   21.0   38.4  
 
Small domestic banks
22. During survey week 8.54   3,321   96   3.0   482   83.8   4.3   57.4  
23.   Not under commitment 8.18   1,344   88   2.8   778   94.8   6.1   44.5  
24.   Informal commitment 8.86   1,016   90   3.1   147   72.2   .9   66.1  
25.   Formal commitment 8.71   960   122   3.1   426   80.8   5.4   66.2  
    Before survey week9
26.   Up to 90 days 8.61   900   80   3.2   295   85.6   4.9   77.8  
27.   91 to 365 days 8.64   817   59   3.1   62   84.7   3.5   72.9  
28.   More than 365 days 8.66   473   63   3.3   44   70.2   2.4   75.2  
 
Foreign banks
29. During survey week 6.33   14,063   10,911   2.4   19   6.7   69.3   3.3  
30.   Not under commitment 6.22   3,894   9,589   3.3   17   14.0   47.9   .0  
31.   Informal commitment 5.81   7,843   11,306   2.0   6   1.1   99.2   .2  
32.   Formal commitment 8.26   2,327   12,299   3.0   69   13.5   4.1   19.1  
    Before survey week9
33.   Up to 90 days 7.40   5,086   7,352   3.1   21   11.6   16.0   1.6  
34.   91 to 365 days 6.15   5,071   4,243   3.3   20   33.7   33.6   3.1  
35.   More than 365 days 7.36   1,926   1,898   3.1   28   32.3   19.5   22.8   
...  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 8.27   8.27   8.25   8.36   8.26  
Standard error of loan rate4 .14   .20   .20   .11   .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: September 19, 2006