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 15, 2007
Release dates | About
Current Release   Other formats: | PDF (17 KB) 


FEDERAL RESERVE STATISTICAL RELEASE








E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 7-11, 2007                            For immediate release
1. Commercial and industrial loans made by all commercial banks1                           June 15, 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 7.07   82,291   553   685   45.2   31.7   25.5   78.3   9.1  
 2.   Minimal risk 5.74   6,434   1,714   163   12.2   62.6   4.6   73.9   1.6  
 3.   Low risk 6.95   21,318   1,556   1,220   54.8   34.5   12.3   84.5   3.3  
 4.   Moderate risk 6.97   30,856   544   430   35.6   29.5   29.7   67.2   11.6  
 5.   Other 8.15   13,477   319   591   65.7   21.7   39.7   88.5   17.2  
 
 6. Zero interval 7.90   22,055   255   586   58.6   7.6   70.5   88.6   9.0  
 7.   Minimal risk 6.62   455   445   340   63.5   10.2   48.3   75.2   8.6  
 8.   Low risk 7.55   2,639   356   607   56.3   5.7   75.0   83.0   9.9  
 9.   Moderate risk 7.80   11,046   334   465   53.1   3.4   66.0   89.4   8.4  
10.   Other 8.83   3,961   153   765   74.4   5.6   81.7   94.6   10.5  
 
11. Daily 5.98   21,083   1,893   129   6.9   60.1   6.3   53.5   7.0  
12.   Minimal risk 5.54   3,994   18,414   5   .6   73.6   .3   85.1   .2  
13.   Low risk 5.94   5,462   3,912   91   6.2   80.6   5.8   57.6   5.5  
14.   Moderate risk 6.04   9,412   2,016   193   5.8   47.0   6.2   35.2   15.0  
15.   Other 7.14   1,200   327   201   37.3   40.2   25.6   38.3   9.3  
 
16. 2 to 30 days 6.66   15,357   820   405   37.2   50.9   6.3   74.7   10.7  
17.   Minimal risk 5.84   1,433   4,206   478   24.0   53.8   .6   45.9   2.3  
18.   Low risk 6.06   3,153   1,489   405   22.1   67.1   2.5   87.1   4.6  
19.   Moderate risk 6.77   5,791   814   400   39.6   54.7   4.4   61.9   13.3  
20.   Other 7.76   2,834   455   257   46.3   41.4   10.6   90.5   17.0  
 
21. 31 to 365 days 7.46   19,189   1,234   1,415   72.4   14.9   7.1   95.7   9.4  
22.   Minimal risk 5.85   458   380   398   14.7   58.1   6.1   66.6   6.5  
23.   Low risk 7.62   9,785   6,424   2,197   91.5   6.6   1.5   99.6   .7  
24.   Moderate risk 6.78   2,868   615   495   48.3   27.1   9.4   89.2   19.0  
25.   Other 8.12   3,855   1,270   412   73.7   22.4   18.8   96.8   26.0  
  Months  
26. More than 365 days 7.81   4,471   281   50   69.2   23.4   39.7   82.2   10.1  
27.   Minimal risk 8.21   60   106   47   60.7   12.1   40.5   50.4   10.1  
28.   Low risk 7.62   258   217   66   79.2   10.1   41.0   66.6   11.7  
29.   Moderate risk 7.81   1,676   243   50   52.7   20.7   45.7   79.9   6.5  
30.   Other 8.04   1,610   518   49   80.4   11.3   47.6   87.8   14.5  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 8.58   2,989   3.3   154   85.0   7.2   69.2   84.9   7.9  
32.   100 - 999 8.10   9,591   3.2   152   73.8   13.4   66.3   89.3   10.7  
33.   1,000 - 9,999 7.21   19,055   3.1   144   48.6   30.1   34.4   84.6   13.1  
34.   10,000+ 6.73   50,656   2.5   71   36.1   37.2   11.8   73.5   7.1  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 8.39   20,982   3.2   126   65.7   9.6   212   87.4   10.9  
36.   Other 6.61   61,309   2.6   92   38.1   39.2   1,229   75.2   8.5   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 7-11, 2007                            For immediate release
2. Commercial and industrial loans made by domestic banks1                                 June 15, 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 7.36   43,851   304   579   50.0   13.3   42.1   76.2   14.7  
 2.   Minimal risk 6.16   1,638   466   248   37.3   12.3   17.5   33.6   10.0  
 3.   Low risk 6.99   4,974   394   613   47.5   9.9   48.4   71.1   13.3  
 4.   Moderate risk 7.14   20,692   376   507   35.3   10.7   35.4   69.5   14.4  
 5.   Other 8.20   9,792   238   617   77.4   8.2   50.2   94.2   20.1  
 
 6. Zero interval 7.80   19,314   227   570   55.1   8.4   68.8   87.0   9.8  
 7.   Minimal risk 6.93   350   356   280   81.5   13.3   62.8   67.8   8.8  
 8.   Low risk 7.52   2,443   343   571   56.4   4.8   76.2   81.6   10.0  
 9.   Moderate risk 7.63   9,195   281   471   44.4   4.0   60.3   87.3   9.9  
10.   Other 8.73   3,392   133   638   74.9   5.4   84.4   93.9   10.8  
 
11. Daily 6.19   8,106   802   283   11.3   21.4   14.7   36.5   24.5  
12.   Minimal risk 5.58   635   3,599   14   2.9   2.7   2.1   6.1   14.8  
13.   Low risk 6.05   1,171   1,012   330   13.1   22.5   26.5   33.8   43.3  
14.   Moderate risk 6.12   5,410   1,274   318   6.2   19.4   9.5   31.1   28.0  
15.   Other 8.66   398   116   325   80.5   1.5   67.6   90.2   8.6  
 
16. 2 to 30 days 7.14   5,859   338   427   53.6   13.8   15.6   76.1   17.4  
17.   Minimal risk 6.18   324   1,303   782   58.8   .1   .4   43.4   7.8  
18.   Low risk 6.58   707   385   537   56.6   4.2   7.0   88.2   6.4  
19.   Moderate risk 7.29   2,622   399   410   42.1   10.3   9.6   63.0   19.3  
20.   Other 7.39   1,478   249   340   66.6   21.3   19.5   96.9   24.2  
 
21. 31 to 365 days 7.43   6,065   414   440   68.1   11.9   20.8   90.8   25.2  
22.   Minimal risk 5.96   235   206   207   25.1   55.2   11.8   34.9   16.8  
23.   Low risk 6.79   383   298   835   54.8   14.6   21.4   91.3   11.5  
24.   Moderate risk 6.94   1,798   409   432   53.8   12.9   13.5   94.0   22.1  
25.   Other 8.02   2,915   1,016   290   83.3   4.4   24.8   97.0   32.6  
  Months  
26. More than 365 days 7.82   4,370   275   50   69.2   21.8   40.5   82.1   10.3  
27.   Minimal risk 8.21   60   106   47   60.7   12.1   40.5   50.4   10.1  
28.   Low risk 7.68   247   209   67   82.5   7.4   42.7   65.2   12.2  
29.   Moderate risk 7.82   1,604   233   51   50.6   17.2   47.7   79.0   6.8  
30.   Other 8.06   1,592   513   49   81.4   10.8   47.7   88.3   14.5  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 8.59   2,968   3.3   155   85.2   7.0   69.3   84.8   7.9  
32.   100 - 999 8.16   8,904   3.2   162   76.6   11.1   68.6   89.1   10.5  
33.   1,000 - 9,999 7.49   12,937   3.2   200   58.7   15.4   47.3   87.9   15.0  
34.   10,000+ 6.71   19,041   3.0   133   26.1   14.0   21.9   61.0   18.8  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 8.35   18,448   3.2   142   63.8   9.6   189   85.7   11.9  
36.   Other 6.64   25,403   3.1   173   39.9   16.0   545   69.4   17.3   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 7-11, 2007                            For immediate release
3. Commercial and industrial loans made by large domestic banks1                           June 15, 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 7.25   37,465   499   549   45.7   13.7   39.6   76.1   15.9  
 2.   Minimal risk 5.94   1,247   1,231   218   18.8   16.0   19.7   37.2   9.8  
 3.   Low risk 6.81   4,366   611   549   42.2   11.0   45.3   70.8   14.2  
 4.   Moderate risk 6.99   18,342   728   472   29.2   11.6   31.7   67.4   15.4  
 5.   Other 8.17   7,814   368   540   78.4   7.9   45.8   96.9   22.5  
 
 6. Zero interval 7.67   16,714   315   572   51.2   9.3   67.0   87.2   10.2  
 7.   Minimal risk 7.02   243   339   268   73.9   19.2   79.6   86.3   9.7  
 8.   Low risk 7.44   2,169   423   557   53.6   5.1   76.7   80.0   10.4  
 9.   Moderate risk 7.48   7,989   453   452   38.6   4.5   57.3   87.0   10.6  
10.   Other 8.67   2,568   187   676   76.0   5.8   80.3   95.6   10.8  
 
11. Daily 6.04   7,194   1,546   283   6.2   18.4   9.9   30.5   30.1  
12.   Minimal risk 5.56   632   8,423   13   2.4   2.5   1.8   5.6   15.6  
13.   Low risk 5.87   1,100   2,064   314   8.0   23.9   21.8   34.6   44.4  
14.   Moderate risk 6.03   5,227   2,725   309   3.2   20.0   6.7   29.5   29.3  
15.   Other 8.22   149   124   112   67.6   .4   23.9   99.2   15.9  
 
16. 2 to 30 days 7.10   4,980   442   415   51.3   14.7   11.8   76.6   17.8  
17.   Minimal risk 5.62   139   2,056   802   4.7   .3   .0   99.0   7.9  
18.   Low risk 6.42   649   659   544   54.4   3.6   2.3   87.1   6.7  
19.   Moderate risk 7.21   2,370   657   414   38.0   10.8   4.3   59.7   19.7  
20.   Other 7.44   1,144   272   236   73.7   23.4   14.1   97.0   26.8  
 
21. 31 to 365 days 7.36   5,314   1,761   468   67.7   12.7   19.3   93.5   27.2  
22.   Minimal risk 5.87   196   1,746   202   15.8   66.3   9.7   29.1   10.4  
23.   Low risk 6.55   316   1,209   968   47.4   17.3   12.5   92.7   12.4  
24.   Moderate risk 6.74   1,570   1,789   450   50.7   14.3   9.9   95.3   23.8  
25.   Other 8.00   2,731   2,168   294   83.8   4.4   25.5   97.8   34.4  
  Months  
26. More than 365 days 7.79   3,207   1,160   44   60.5   25.9   40.2   91.4   12.2  
27.   Minimal risk 7.38   25   869   58   6.7   27.3   88.8   97.9   12.3  
28.   Low risk 6.99   110   594   48   68.6   16.5   18.1   94.1   15.6  
29.   Moderate risk 7.87   1,172   1,128   48   34.3   21.1   53.1   81.4   8.9  
30.   Other 8.19   1,216   1,659   38   76.7   6.4   51.4   97.3   17.1  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 8.34   1,516   3.3   47   85.9   11.6   70.5   90.4   8.9  
32.   100 - 999 8.04   6,476   3.2   101   73.0   13.1   69.6   93.0   11.7  
33.   1,000 - 9,999 7.46   11,246   3.2   172   56.8   16.3   45.4   90.4   15.7  
34.   10,000+ 6.74   18,226   3.0   134   25.8   12.4   22.7   60.1   19.2  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 8.24   14,828   3.2   133   59.2   11.2   284   86.9   13.0  
36.   Other 6.59   22,636   3.1   139   36.9   15.3   988   69.0   18.3   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 7-11, 2007                            For immediate release
4. Commercial and industrial loans made by small domestic banks1                           June 15, 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 8.04   6,386   92   771   74.9   11.2   56.7   77.1   8.1  
 2.   Minimal risk 6.87   392   156   611   96.2   .3   10.4   21.9   11.0  
 3.   Low risk 8.26   608   111   1,085   85.2   2.5   70.7   73.5   7.0  
 4.   Moderate risk 8.31   2,350   79   797   83.1   3.0   64.3   85.7   8.1  
 5.   Other 8.33   1,978   100   935   73.5   9.5   67.4   83.5   8.7  
 
 6. Zero interval 8.60   2,600   81   555   80.0   2.2   80.5   85.9   7.4  
 7.   Minimal risk 6.73   107   401   373   98.6   .1   24.8   25.9   2.1  
 8.   Low risk 8.19   275   138   705   78.9   2.8   71.7   94.5   7.4  
 9.   Moderate risk 8.60   1,206   80   610   82.9   1.3   80.0   89.8   5.2  
10.   Other 8.92   824   70   513   71.4   4.2   97.0   88.5   11.1  
 
11. Daily 7.40   913   167   284   51.5   44.5   52.4   84.0   8.5  
12.   Minimal risk 9.50   3   30   236   88.0   23.9   72.8   100.0   5.0  
13.   Low risk 8.83   71   114   561   92.4   .0   98.8   21.2   14.7  
14.   Moderate risk 8.69   184   79   587   91.7   3.2   89.5   75.4   13.8  
15.   Other 8.93   249   111   438   88.2   2.1   93.7   84.8   3.5  
 
16. 2 to 30 days 7.39   879   145   509   66.9   8.9   36.8   73.4   14.8  
17.   Minimal risk 6.60   186   1,024   108   99.1   .1   .6   2.0   1.4  
18.   Low risk 8.31   57   67   478   81.3   10.3   60.2   99.9   4.1  
19.   Moderate risk 8.09   252   85   371   80.3   5.2   59.2   93.9   17.1  
20.   Other 7.21   334   194   683   42.3   13.9   37.7   96.4   15.4  
 
21. 31 to 365 days 7.93   751   65   237   71.4   6.5   31.0   72.0   6.3  
22.   Minimal risk 6.37   40   38   239   71.1   .0   22.1   63.4   31.3  
23.   Low risk 7.92   67   66   221   89.5   2.0   63.1   85.0   6.6  
24.   Moderate risk 8.33   228   65   304   75.1   3.2   38.0   85.2   8.9  
25.   Other 8.30   183   114   226   76.0   3.6   14.9   85.5   1.1  
  Months  
26. More than 365 days 7.91   1,163   89   67   93.1   10.6   41.1   56.5   1.9  
27.   Minimal risk 8.81   35   65   39   100.0   1.1   5.2   15.9   .1  
28.   Low risk 8.23   138   138   83   93.6   .1   62.4   42.2   6.1  
29.   Moderate risk 7.68   432   74   59   94.9   6.5   32.9   72.5   .5  
30.   Other 7.64   375   158   85   96.7   25.1   35.9   59.1   .8  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 8.84   1,452   3.3   269   84.4   2.2   67.9   78.8   6.7  
32.   100 - 999 8.46   2,428   3.2   325   86.2   5.7   65.7   78.5   6.9  
33.   1,000 - 9,999 7.69   1,691   3.2   384   71.0   9.2   59.4   71.2   9.3  
34.   10,000+ ...   ...   ...   ...   ...   ...   ...   ...   ...  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 8.80   3,619   3.3   180   82.4   3.1   80   81.1   7.2  
36.   Other 7.04   2,767   2.9   454   65.0   21.8   117   71.8   9.5   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 7-11, 2007                                For immediate release
5. Commercial and industrial loans made by U.S. branches and agencies of foreign banks1        June 15, 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 6.73   38,441   8,567   797   39.7   52.6   6.6   80.7   3.1  
 2.   Minimal risk 5.59   4,796   20,398   140   3.6   79.8   .1   87.7   .4  
 3.   Low risk 6.94   16,344   15,375   1,379   57.1   41.9   1.3   88.6   .9  
 4.   Moderate risk 6.63   10,164   6,297   282   36.2   67.8   18.2   62.5   5.2  
 5.   Other 8.03   3,685   3,303   524   34.6   57.5   11.8   73.6   7.3  
 
 6. Zero interval 8.61   2,741   2,433   686   83.9   2.7   81.8   99.8   4.1  
 7.   Minimal risk 5.59   105   2,608   470   4.0   .0   .0   100.0   8.1  
 8.   Low risk 7.94   196   661   986   54.7   16.2   60.1   100.0   8.4  
 9.   Moderate risk 8.63   1,851   5,090   438   96.2   .3   94.5   99.9   2.0  
10.   Other 9.40   569   1,358   1,420   71.4   6.6   65.7   99.4   8.7  
 
11. Daily 5.86   12,977   12,645   35   4.1   84.2   1.0   64.2   .7  
12.   Minimal risk 5.53   3,359   83,117   3   .2   87.0   .0   100.0   .0  
13.   Low risk 5.90   4,290   17,964   30   4.4   96.5   .1   64.1   .1  
14.   Moderate risk 5.94   4,002   9,418   28   5.3   84.4   1.7   40.7   1.5  
15.   Other 6.39   801   3,537   142   15.8   59.5   4.7   12.4   11.7  
 
16. 2 to 30 days 6.36   9,498   6,780   393   27.1   73.7   .6   73.8   6.4  
17.   Minimal risk 5.74   1,109   12,072   439   13.9   69.5   .6   46.7   .8  
18.   Low risk 5.91   2,446   8,684   375   12.1   85.2   1.2   86.8   4.0  
19.   Moderate risk 6.35   3,169   5,841   392   37.6   91.3   .1   61.0   8.1  
20.   Other 8.16   1,356   4,557   172   24.1   63.2   1.0   83.5   7.8  
 
21. 31 to 365 days 7.47   13,125   14,521   1,860   74.4   16.2   .7   98.0   2.6  
22.   Minimal risk 5.75   223   3,569   577   3.8   61.3   .0   100.0   2.8  
23.   Low risk 7.65   9,401   39,368   2,252   93.0   6.2   .7   100.0   .3  
24.   Moderate risk 6.50   1,070   3,989   601   39.2   50.9   2.5   81.1   12.8  
25.   Other 8.43   940   5,686   795   44.0   78.3   .1   96.3   5.2  
  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 7.94   22   2.9   14   55.0   31.2   61.4   98.8   10.9  
32.   100 - 999 7.33   687   3.0   20   37.6   43.2   36.6   92.5   12.7  
33.   1,000 - 9,999 6.64   6,118   3.0   26   27.3   61.1   7.2   77.7   8.6  
34.   10,000+ 6.74   31,614   2.2   35   42.1   51.2   5.8   81.0   1.8  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 8.67   2,535   3.1   8   79.7   9.3   2,158   99.7   4.3  
36.   Other 6.59   35,906   2.3   35   36.8   55.7   10,839   79.3   3.0   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 7-11, 2007                                     For immediate release
6. Commercial and industrial loans by date pricing terms were set and commitment status             June 15, 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 6.81   45,610   947   2.4   77   40.1   41.4   14.9  
 2.   Not under commitment 6.40   17,843   744   2.7   77   14.3   39.6   14.8  
 3.   Informal commitment 5.99   11,230   804   2.1   28   15.6   83.3   7.1  
 4.   Formal commitment 7.80   16,538   1,620   2.4   111   84.6   15.0   20.3  
    Before survey week9
 5.   Up to 90 days 7.59   7,041   292   3.2   193   50.8   14.3   37.3  
 6.   91 to 365 days 7.41   13,351   263   3.0   145   53.4   22.6   48.0  
 6.   More than 365 days 7.28   16,280   646   3.4   89   50.0   19.3   31.5  
 
Domestic banks
 8. During survey week 7.10   14,484   313   2.8   172   36.9   9.8   34.6  
 9.   Not under commitment 6.74   10,420   447   2.7   127   22.6   5.9   25.3  
10.   Informal commitment 8.17   1,189   91   3.4   205   81.6   6.3   64.5  
11.   Formal commitment 7.99   2,876   291   3.2   324   70.1   25.3   55.8  
    Before survey week9
12.   Up to 90 days 7.49   5,446   230   3.2   232   54.8   9.6   45.1  
13.   91 to 365 days 7.56   11,041   221   3.1   169   60.0   16.8   56.0  
14.   More than 365 days 7.42   12,870   538   3.4   107   54.0   15.9   37.2  
 
Large domestic banks
15. During survey week 6.79   11,074   961   2.8   80   22.0   11.0   27.6  
16.   Not under commitment 6.56   8,955   1,161   2.7   52   12.3   5.5   21.8  
17.   Informal commitment 7.60   257   125   3.1   19   65.7   1.2   37.9  
18.   Formal commitment 7.81   1,862   1,066   3.3   222   62.4   38.7   54.1  
    Before survey week9
19.   Up to 90 days 7.40   4,785   336   3.2   226   51.2   9.8   43.0  
20.   91 to 365 days 7.52   9,699   285   3.1   189   60.1   14.9   56.5  
21.   More than 365 days 7.39   11,906   774   3.4   111   53.9   16.8   35.5  
 
Small domestic banks
22. During survey week 8.13   3,410   98   3.0   473   85.4   5.8   57.3  
23.   Not under commitment 7.86   1,465   94   2.6   583   85.7   8.2   46.8  
24.   Informal commitment 8.33   932   85   3.4   257   86.0   7.7   71.9  
25.   Formal commitment 8.33   1,014   125   3.2   512   84.3   .7   59.0  
    Before survey week9
26.   Up to 90 days 8.13   661   70   3.2   275   81.2   8.3   60.2  
27.   91 to 365 days 7.89   1,342   84   3.2   25   59.1   31.2   52.1  
28.   More than 365 days 7.84   964   113   3.4   56   55.1   4.5   58.1  
 
Foreign banks
29. During survey week 6.67   31,126   15,985   2.3   33   41.6   56.2   5.8  
30.   Not under commitment 5.93   7,423   10,747   2.7   7   2.7   87.0   .1  
31.   Informal commitment 5.74   10,041   10,718   1.9   7   7.8   92.4   .3  
32.   Formal commitment 7.76   13,662   42,741   2.3   66   87.6   12.8   12.8  
    Before survey week9
33.   Up to 90 days 7.96   1,595   3,808   3.2   58   37.2   30.4   10.7  
34.   91 to 365 days 6.69   2,310   2,702   2.7   30   22.1   49.9   9.8  
35.   More than 365 days 6.76   3,410   2,693   3.1   24   34.9   32.2   10.1   
...  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   8.30   8.26  
Standard error of loan rate4 .21   .24   .25   .17   .33  

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: June 15, 2007