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 13, 2007
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FEDERAL RESERVE STATISTICAL RELEASE








E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 5-9, 2007                        For immediate release
1. Commercial and industrial loans made by all commercial banks1                          March 13, 2007
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 6.82   82,857   563   524   31.2   27.2   22.4   77.4   10.2  
 2.   Minimal risk 5.40   8,179   2,650   179   14.0   62.6   4.9   73.1   4.4  
 3.   Low risk 6.29   12,647   1,040   409   22.2   45.3   13.0   67.4   8.9  
 4.   Moderate risk 6.66   39,356   781   559   24.0   18.7   17.7   75.6   10.0  
 5.   Other 8.38   13,858   294   587   62.9   17.7   42.2   88.4   15.5  
 
 6. Zero interval 7.54   21,005   236   550   53.0   8.1   57.0   91.7   10.7  
 7.   Minimal risk 7.00   485   419   820   62.7   40.0   45.3   94.5   5.4  
 8.   Low risk 7.56   1,522   245   847   68.0   11.6   57.7   89.2   13.5  
 9.   Moderate risk 7.19   10,543   359   418   38.4   3.5   43.2   94.9   11.1  
10.   Other 8.53   4,351   139   623   79.8   4.6   77.8   87.4   11.3  
 
11. Daily 6.16   25,763   2,810   209   7.5   42.4   9.5   58.0   5.3  
12.   Minimal risk 5.09   6,173   18,659   3   5.7   66.6   .9   76.6   1.4  
13.   Low risk 5.97   5,197   3,447   81   6.4   69.0   6.5   57.4   6.9  
14.   Moderate risk 6.00   11,598   3,004   304   6.1   24.5   6.9   42.3   7.4  
15.   Other 9.98   2,281   1,007   597   21.1   14.0   43.1   82.0   6.1  
 
16. 2 to 30 days 6.38   21,541   1,104   574   28.9   34.0   5.1   85.2   10.0  
17.   Minimal risk 5.89   1,061   3,816   323   14.9   76.0   1.3   48.9   29.0  
18.   Low risk 6.14   3,470   2,048   597   20.8   50.3   6.8   95.9   8.9  
19.   Moderate risk 6.24   11,597   1,726   634   27.8   23.3   4.0   83.2   10.4  
20.   Other 7.39   2,885   417   401   49.6   50.7   4.5   88.4   8.3  
 
21. 31 to 365 days 7.50   10,545   686   741   39.8   16.9   11.8   79.2   16.4  
22.   Minimal risk 6.64   244   417   655   59.6   5.3   5.8   64.4   9.3  
23.   Low risk 6.34   2,227   1,232   819   25.7   8.2   5.0   30.6   7.2  
24.   Moderate risk 7.94   3,948   686   1,073   18.9   28.8   6.1   95.5   6.9  
25.   Other 7.99   3,134   1,017   313   79.2   10.8   24.9   97.3   32.6  
  Months  
26. More than 365 days 7.83   3,762   298   54   57.8   19.3   45.6   80.3   15.7  
27.   Minimal risk 7.32   139   291   123   87.6   .3   67.9   27.3   8.2  
28.   Low risk 7.37   194   228   50   62.3   8.4   41.0   82.5   9.6  
29.   Moderate risk 7.73   1,612   396   50   41.0   17.5   55.1   86.8   16.9  
30.   Other 8.17   1,159   403   54   71.4   11.5   46.2   80.4   15.6  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 8.65   2,899   3.3   152   81.4   8.6   69.3   84.1   8.1  
32.   100 - 999 8.15   10,240   3.3   164   71.9   13.2   66.3   90.2   9.8  
33.   1,000 - 9,999 7.15   19,179   3.1   113   44.9   23.5   31.6   86.3   12.9  
34.   10,000+ 6.32   50,539   2.7   62   14.8   32.4   7.3   71.0   9.3  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 8.43   18,537   3.3   136   62.6   7.7   187   92.0   11.8  
36.   Other 6.35   64,320   2.7   76   22.1   32.7   1,341   73.2   9.6   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 5-9, 2007                        For immediate release
2. Commercial and industrial loans made by domestic banks1                                March 13, 2007
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 7.03   54,161   379   604   40.9   10.2   31.2   75.4   14.1  
 2.   Minimal risk 5.12   3,257   1,136   259   28.8   16.0   12.2   47.0   16.9  
 3.   Low risk 6.54   7,130   624   599   29.8   11.8   20.8   59.3   16.1  
 4.   Moderate risk 6.89   26,754   553   593   28.0   6.2   24.5   75.3   12.6  
 5.   Other 8.17   10,388   225   643   78.1   9.1   48.2   90.4   19.0  
 
 6. Zero interval 7.51   20,210   230   527   52.3   7.5   57.0   91.4   10.7  
 7.   Minimal risk 7.42   269   252   431   75.6   5.3   80.8   90.1   8.9  
 8.   Low risk 7.45   1,369   225   829   67.1   12.6   55.0   87.9   14.0  
 9.   Moderate risk 7.14   10,257   353   399   37.3   3.6   42.5   94.8   10.9  
10.   Other 8.51   4,210   136   616   79.5   4.6   77.7   86.9   11.3  
 
11. Daily 5.88   12,723   1,535   336   12.7   10.3   11.4   37.4   13.3  
12.   Minimal risk 4.43   2,281   7,374   5   14.7   10.2   2.5   36.8   8.2  
13.   Low risk 6.20   1,816   1,372   232   15.1   17.9   18.7   39.6   27.9  
14.   Moderate risk 6.02   7,849   2,241   385   6.6   6.7   9.3   33.8   11.0  
15.   Other 8.06   638   303   1,050   65.5   24.3   39.0   74.9   13.6  
 
16. 2 to 30 days 6.62   9,462   541   654   44.2   16.5   10.1   91.2   16.0  
17.   Minimal risk 6.01   375   1,952   226   33.9   70.4   3.8   81.7   48.9  
18.   Low risk 6.41   1,830   1,353   727   29.1   14.1   12.9   97.7   13.7  
19.   Moderate risk 6.47   4,571   814   680   40.0   8.4   7.0   87.5   18.3  
20.   Other 7.41   1,530   232   546   78.6   22.2   8.6   98.3   12.1  
 
21. 31 to 365 days 7.80   7,858   529   661   45.1   5.0   15.2   74.1   21.8  
22.   Minimal risk 6.74   177   311   197   80.9   5.8   8.0   50.7   15.8  
23.   Low risk 6.25   1,885   1,077   545   14.0   2.7   3.8   18.2   12.6  
24.   Moderate risk 8.88   2,407   437   1,332   25.1   4.2   10.0   97.5   9.0  
25.   Other 8.07   2,815   954   228   81.6   4.6   27.8   98.3   35.3  
  Months  
26. More than 365 days 7.84   3,730   296   54   58.3   19.2   46.0   80.5   15.8  
27.   Minimal risk 7.32   139   291   123   87.6   .3   67.9   27.3   8.2  
28.   Low risk 7.37   194   228   50   62.3   8.4   41.0   82.5   9.6  
29.   Moderate risk 7.73   1,611   397   50   41.0   17.5   55.1   86.8   16.9  
30.   Other 8.19   1,146   399   53   72.1   10.6   46.6   81.3   15.6  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 8.66   2,883   3.3   152   81.5   8.6   69.4   84.0   8.0  
32.   100 - 999 8.21   9,537   3.3   174   74.6   11.2   69.0   90.2   9.7  
33.   1,000 - 9,999 7.42   13,356   3.2   150   56.2   14.6   42.6   88.7   15.0  
34.   10,000+ 6.29   28,385   2.8   98   18.3   7.9   9.3   63.2   16.4  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 8.32   16,901   3.3   149   66.2   8.0   172   91.2   12.4  
36.   Other 6.45   37,260   2.9   118   29.5   11.1   837   68.2   15.1   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 5-9, 2007                        For immediate release
3. Commercial and industrial loans made by large domestic banks1                          March 13, 2007
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 6.90   46,905   578   564   37.0   11.3   28.2   77.9   15.1  
 2.   Minimal risk 4.75   2,632   2,247   94   12.0   19.8   10.1   56.0   17.2  
 3.   Low risk 6.48   5,020   846   613   31.7   16.5   20.5   73.7   17.7  
 4.   Moderate risk 6.73   24,414   1,051   575   23.2   6.4   20.4   74.4   13.4  
 5.   Other 8.05   8,754   323   532   77.8   9.5   42.5   91.7   21.1  
 
 6. Zero interval 7.34   17,893   314   537   48.5   8.1   53.5   91.5   11.0  
 7.   Minimal risk 7.40   264   330   433   75.5   5.4   81.3   90.4   8.9  
 8.   Low risk 7.29   1,191   285   877   64.8   13.7   50.2   88.2   14.7  
 9.   Moderate risk 6.96   9,218   571   389   32.4   3.9   38.0   95.1   11.2  
10.   Other 8.39   3,332   185   666   79.7   4.9   72.9   85.9   11.9  
 
11. Daily 5.71   11,713   2,456   301   6.5   11.1   6.2   35.7   15.1  
12.   Minimal risk 4.15   1,965   15,800   5   1.0   11.9   1.4   42.6   8.2  
13.   Low risk 6.10   1,757   2,866   233   12.7   18.5   16.0   37.8   30.0  
14.   Moderate risk 5.90   7,443   3,405   390   3.2   7.1   4.3   31.5   12.4  
15.   Other 7.48   414   414   394   52.8   37.1   6.6   65.7   23.4  
 
16. 2 to 30 days 6.49   8,822   689   681   41.5   17.4   5.9   91.6   16.7  
17.   Minimal risk 5.75   299   2,838   256   17.3   88.1   3.1   99.7   49.9  
18.   Low risk 6.24   1,665   2,460   773   22.3   15.4   4.9   97.5   14.8  
19.   Moderate risk 6.34   4,302   1,467   699   38.4   8.7   3.5   87.3   19.0  
20.   Other 7.28   1,408   256   574   78.6   23.2   2.1   98.3   12.5  
 
21. 31 to 365 days 8.22   5,538   1,749   667   51.1   6.6   17.7   95.2   23.7  
22.   Minimal risk 6.36   62   701   356   46.3   16.4   12.4   95.5   18.8  
23.   Low risk 6.54   224   1,068   705   59.4   22.4   3.3   99.0   17.7  
24.   Moderate risk 8.95   2,087   2,317   1,352   14.8   4.0   8.6   99.2   10.0  
25.   Other 8.07   2,717   1,778   230   82.2   4.6   27.5   99.2   36.1  
  Months  
26. More than 365 days 7.72   2,828   912   41   48.8   21.6   50.8   91.5   18.2  
27.   Minimal risk 6.56   32   791   45   46.6   1.1   14.3   92.6   10.4  
28.   Low risk 7.19   146   832   45   51.7   9.8   42.6   88.6   11.6  
29.   Moderate risk 7.60   1,328   1,386   44   34.0   17.7   61.0   91.8   19.3  
30.   Other 8.14   870   909   36   66.7   7.5   55.4   91.8   18.1  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 8.39   1,615   3.4   53   81.1   13.5   71.6   89.8   8.5  
32.   100 - 999 8.03   6,808   3.3   97   70.2   13.7   69.1   92.7   11.0  
33.   1,000 - 9,999 7.36   12,157   3.2   135   53.5   15.6   39.9   90.1   15.9  
34.   10,000+ 6.31   26,324   2.9   82   18.1   8.5   9.6   67.8   16.5  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 8.18   13,242   3.4   148   62.7   9.4   233   92.8   13.9  
36.   Other 6.40   33,663   2.9   76   27.0   12.0   1,384   72.1   15.7   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 5-9, 2007                        For immediate release
4. Commercial and industrial loans made by small domestic banks1                          March 13, 2007
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 7.91   7,256   117   947   66.1   3.0   50.4   58.7   5.8  
 2.   Minimal risk 6.70   625   368   1,692   99.7   .0   21.3   9.3   7.9  
 3.   Low risk 6.68   2,110   384   491   25.3   .6   21.3   24.9   4.5  
 4.   Moderate risk 8.54   2,340   93   796   77.8   4.1   67.8   85.1   5.5  
 5.   Other 8.82   1,634   85   1,219   79.9   6.5   78.4   83.3   6.7  
 
 6. Zero interval 8.82   2,317   75   457   81.5   2.3   84.0   90.9   8.6  
 7.   Minimal risk 8.22   5   20   327   76.3   .0   57.5   76.1   12.7  
 8.   Low risk 8.54   177   94   544   82.5   5.3   87.4   86.4   8.6  
 9.   Moderate risk 8.76   1,039   80   490   81.2   1.4   81.8   92.2   8.4  
10.   Other 8.97   878   68   456   78.6   3.4   95.8   90.7   9.1  
 
11. Daily 7.85   1,010   287   909   84.5   .5   71.3   57.0   .9  
12.   Minimal risk 6.20   316   1,708   201   99.9   .0   9.3   .6   4.8  
13.   Low risk 9.12   59   83   213   84.3   .0   100.0   94.0   3.6  
14.   Moderate risk 8.21   406   309   297   70.1   .8   99.9   75.9   .5  
15.   Other 9.14   225   203   2,215   88.7   .9   98.6   91.9   .7  
 
16. 2 to 30 days 8.34   640   137   288   80.7   4.0   68.6   85.7   6.0  
17.   Minimal risk 7.02   75   872   101   100.0   .0   6.3   10.1   11.8  
18.   Low risk 8.17   165   244   288   97.7   .5   94.1   100.0   2.6  
19.   Moderate risk 8.56   269   100   358   66.1   4.3   62.9   91.6   7.1  
20.   Other 8.85   123   110   247   78.0   10.5   83.1   98.9   8.0  
 
21. 31 to 365 days 6.77   2,320   199   623   30.6   1.1   9.4   23.8   2.8  
22.   Minimal risk 6.95   114   239   115   99.8   .0   5.5   26.3   9.9  
23.   Low risk 6.22   1,661   1,078   293   7.9   .1   3.8   7.3   3.3  
24.   Moderate risk 8.42   320   69   1,214   91.8   6.0   19.0   86.3   1.6  
25.   Other 8.06   98   69   170   65.2   4.6   33.4   74.4   4.4  
  Months  
26. More than 365 days 8.19   902   95   92   88.1   11.6   31.0   46.0   .4  
27.   Minimal risk 7.54   107   244   146   99.9   .0   84.0   7.7   .1  
28.   Low risk 7.92   48   70   64   95.0   3.9   35.9   63.6   1.1  
29.   Moderate risk 8.31   283   91   79   73.9   16.6   27.8   63.5   .4  
30.   Other 8.35   276   144   108   89.1   20.2   19.1   48.1   .4  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 9.00   1,268   3.2   280   82.1   2.3   66.6   76.6   7.3  
32.   100 - 999 8.66   2,728   3.3   369   85.5   4.7   68.6   84.0   6.0  
33.   1,000 - 9,999 8.08   1,199   2.8   309   83.0   4.7   69.4   75.4   4.3  
34.   10,000+ 6.14   2,061   1.9   314   20.8   .0   5.4   4.6   .0  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 8.82   3,659   3.2   151   79.2   2.9   88   85.3   6.5  
36.   Other 6.98   3,596   2.3   505   52.7   3.0   178   31.6   3.8   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 5-9, 2007                            For immediate release
5. Commercial and industrial loans made by U.S. branches and agencies of foreign banks1       March 13, 2007
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 6.40   28,697   6,609   382   12.7   59.2   5.7   81.2   3.4  
 2.   Minimal risk 5.58   4,922   22,575   132   4.2   93.5   .0   90.4   .1  
 3.   Low risk 5.97   5,517   7,538   235   12.2   88.5   3.0   77.8   1.8  
 4.   Moderate risk 6.17   12,602   6,134   490   15.5   44.9   3.3   76.3   4.5  
 5.   Other 9.01   3,470   3,835   355   17.4   43.5   24.4   82.4   4.0  
 
 6. Zero interval 8.23   796   908   1,081   71.0   24.0   55.7   100.0   10.1  
 7.   Minimal risk 6.48   215   2,419   1,203   46.6   83.2   .9   100.0   1.4  
 8.   Low risk 8.52   154   1,036   973   76.3   2.4   81.7   100.0   10.1  
 9.   Moderate risk 9.00   286   853   1,198   78.0   .8   71.0   100.0   15.6  
10.   Other 9.04   141   464   801   88.5   3.9   80.5   100.0   12.2  
 
11. Daily 6.44   13,040   14,847   79   2.5   73.7   7.7   78.0   1.6  
12.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
13.   Low risk 5.84   3,381   18,352   5   1.8   96.4   .0   66.9   .3  
14.   Moderate risk 5.96   3,749   10,434   138   5.0   61.6   2.0   60.1   3.0  
15.   Other 10.72   1,642   10,486   5   3.9   9.9   44.6   84.8   3.6  
 
16. 2 to 30 days 6.19   12,079   5,927   514   16.9   47.7   1.2   80.4   4.7  
17.   Minimal risk 5.83   686   7,976   376   4.5   79.1   .0   31.0   .3  
18.   Low risk 5.83   1,639   4,809   458   11.5   90.8   .0   93.8   3.3  
19.   Moderate risk 6.09   7,026   6,373   604   19.9   33.0   2.0   80.4   4.8  
20.   Other 7.36   1,354   4,425   238   17.0   82.8   .0   77.1   2.9  
 
21. 31 to 365 days 6.65   2,687   5,118   924   24.4   51.7   1.6   94.1   4.2  
22.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
23.   Low risk 6.81   342   5,868   1,108   89.8   38.2   11.8   99.0   1.7  
24.   Moderate risk 6.49   1,541   6,194   709   9.4   67.1   .0   92.4   3.3  
25.   Other 7.25   318   2,469   1,112   58.4   65.0   .0   88.0   6.0  
  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 7.78   16   3.1   49   58.1   25.5   59.4   98.3   12.5  
32.   100 - 999 7.30   704   3.1   22   36.3   41.3   29.8   90.2   11.6  
33.   1,000 - 9,999 6.52   5,823   2.9   29   18.9   43.8   6.3   80.7   7.5  
34.   10,000+ 6.34   22,154   2.5   16   10.3   63.8   4.7   81.0   2.1  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 9.57   1,636   3.5   4   24.9   4.1   1,768   100.0   6.9  
36.   Other 6.21   27,061   2.5   20   12.0   62.5   7,920   80.0   3.2   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 5-9, 2007                                 For immediate release
6. Commercial and industrial loans by date pricing terms were set and commitment status            March 13, 2007
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 6.62   36,311   842   2.5   87   19.7   41.3   11.5  
 2.   Not under commitment 6.19   18,749   812   2.6   100   19.7   27.7   7.9  
 3.   Informal commitment 6.07   10,674   866   1.9   48   14.3   81.9   9.7  
 4.   Formal commitment 8.64   6,888   891   3.2   110   28.3   15.7   23.8  
    Before survey week9
 5.   Up to 90 days 7.03   8,606   375   3.0   110   36.9   26.5   33.4  
 6.   91 to 365 days 6.76   18,796   338   3.0   66   33.2   11.2   32.3  
 6.   More than 365 days 7.15   19,111   776   3.2   108   48.2   16.2   28.3  
 
Domestic banks
 8. During survey week 6.91   18,218   438   2.7   162   29.5   4.9   18.9  
 9.   Not under commitment 6.29   13,345   593   2.6   136   20.7   3.7   11.2  
10.   Informal commitment 8.14   1,608   138   3.2   296   69.2   3.3   63.9  
11.   Formal commitment 8.84   3,265   437   3.2   207   45.7   10.4   28.4  
    Before survey week9
12.   Up to 90 days 7.51   4,925   220   3.1   161   55.7   15.1   53.9  
13.   91 to 365 days 6.92   13,771   253   3.0   80   40.0   9.3   41.8  
14.   More than 365 days 7.12   17,214   731   3.2   117   49.5   15.1   29.2  
 
Large domestic banks
15. During survey week 6.68   13,280   1,044   2.8   64   19.0   5.7   12.2  
16.   Not under commitment 6.13   10,349   1,185   2.7   42   14.1   4.2   9.2  
17.   Informal commitment 7.04   461   220   2.9   29   47.0   7.8   29.4  
18.   Formal commitment 8.93   2,471   1,307   3.2   162   34.4   11.8   21.7  
    Before survey week9
19.   Up to 90 days 7.32   4,221   285   3.1   142   50.7   17.0   49.8  
20.   91 to 365 days 6.77   12,723   340   3.0   85   36.4   9.8   38.6  
21.   More than 365 days 7.07   16,681   1,034   3.2   120   48.5   15.5   27.6  
 
Small domestic banks
22. During survey week 7.53   4,938   171   2.6   426   57.6   2.7   36.9  
23.   Not under commitment 6.86   2,996   218   2.1   458   43.6   2.1   17.9  
24.   Informal commitment 8.58   1,147   120   3.2   400   78.1   1.5   77.8  
25.   Formal commitment 8.54   794   142   3.2   345   80.9   6.2   49.3  
    Before survey week9
26.   Up to 90 days 8.66   703   93   3.0   278   85.9   3.8   78.8  
27.   91 to 365 days 8.73   1,048   62   3.3   17   83.9   4.0   79.7  
28.   More than 365 days 8.79   533   72   3.4   13   81.5   2.8   80.7  
 
Foreign banks
29. During survey week 6.33   18,093   12,057   2.4   11   9.9   78.0   4.0  
30.   Not under commitment 5.96   5,404   9,327   2.7   14   17.1   86.8   .0  
31.   Informal commitment 5.71   9,066   13,542   1.8   4   4.6   95.8   .1  
32.   Formal commitment 8.46   3,623   14,387   3.3   22   12.6   20.5   19.6  
    Before survey week9
33.   Up to 90 days 6.38   3,681   6,411   2.9   41   11.7   41.4   6.0  
34.   91 to 365 days 6.32   5,025   4,185   2.9   27   14.5   16.3   6.5  
35.   More than 365 days 7.35   1,897   1,779   3.2   28   36.3   26.9   19.6   
...  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 8.26   8.26   8.25   8.31   8.25  
Standard error of loan rate4 .19   .24   .25   .25   .27  

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: March 13, 2007