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


FEDERAL RESERVE STATISTICAL RELEASE




E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 6-10, 2007                         For immediate release
1. Commercial and industrial loans made by all commercial banks1                      September 17, 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 6.99   80,321   545   614   35.4   24.5   23.5   80.7   8.1  
 2.   Minimal risk 5.94   6,316   1,869   131   28.3   48.3   4.4   57.3   4.0  
 3.   Low risk 6.65   10,354   717   501   30.5   46.4   17.2   85.5   6.1  
 4.   Moderate risk 6.85   32,347   614   458   31.1   23.6   23.5   75.0   10.7  
 5.   Other 7.98   11,523   285   735   75.6   17.8   43.0   87.0   12.2  
 
 6. Zero interval 7.48   23,762   282   535   45.4   7.2   55.7   93.6   10.0  
 7.   Minimal risk 7.48   332   321   716   49.2   1.1   63.4   78.3   8.4  
 8.   Low risk 7.15   3,015   381   813   32.4   3.5   48.2   91.5   8.7  
 9.   Moderate risk 7.22   12,967   421   372   33.2   3.6   44.2   97.6   11.1  
10.   Other 8.50   3,737   156   657   79.3   6.4   79.3   93.2   9.5  
 
11. Daily 6.29   19,234   2,403   189   14.2   39.0   13.5   51.1   2.6  
12.   Minimal risk 5.75   4,039   10,404   5   20.1   52.0   .8   45.4   .2  
13.   Low risk 6.12   2,460   2,302   37   13.8   63.1   7.5   72.1   .8  
14.   Moderate risk 6.24   8,781   2,533   140   7.7   40.9   11.6   34.8   5.8  
15.   Other 7.89   1,312   671   456   63.4   18.6   60.5   66.2   2.9  
 
16. 2 to 30 days 6.56   13,265   661   438   36.7   37.7   6.1   87.3   8.1  
17.   Minimal risk 6.03   962   2,544   369   71.2   45.3   .1   59.1   11.3  
18.   Low risk 6.50   2,341   1,384   267   23.3   72.6   2.4   95.6   3.3  
19.   Moderate risk 6.61   3,873   613   550   39.8   37.7   5.9   84.2   13.3  
20.   Other 7.08   1,935   260   319   66.4   47.8   9.5   81.9   14.2  
 
21. 31 to 365 days 7.22   19,018   1,166   883   32.8   21.8   4.6   91.9   7.9  
22.   Minimal risk 6.03   905   1,088   165   8.6   56.7   2.6   98.5   5.4  
23.   Low risk 6.35   1,871   858   538   39.9   74.5   3.3   97.4   10.6  
24.   Moderate risk 6.96   4,793   929   486   47.9   30.3   3.2   77.5   12.9  
25.   Other 7.77   3,093   1,007   620   73.5   16.7   9.7   95.7   14.3  
  Months  
26. More than 365 days 7.65   4,866   296   64   75.6   26.0   26.7   72.7   11.4  
27.   Minimal risk 6.86   38   122   42   49.6   .1   4.6   63.9   24.0  
28.   Low risk 7.72   645   422   58   83.9   5.3   3.8   40.2   7.8  
29.   Moderate risk 7.33   1,916   293   71   63.7   34.7   24.8   82.2   6.7  
30.   Other 8.44   1,363   473   65   94.4   8.9   50.1   77.0   19.7  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 8.57   2,865   3.3   179   85.8   7.6   66.9   83.9   7.6  
32.   100 - 999 8.04   9,788   3.2   215   76.8   13.8   63.8   89.2   9.6  
33.   1,000 - 9,999 7.20   21,498   3.0   146   47.2   22.2   31.1   84.9   10.5  
34.   10,000+ 6.58   46,170   2.6   69   18.0   28.8   8.7   76.8   6.5  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 8.30   18,874   3.3   101   65.8   7.9   197   90.8   9.5  
36.   Other 6.59   61,447   2.7   114   26.1   29.6   1,189   77.6   7.6   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 6-10, 2007                         For immediate release
2. Commercial and industrial loans made by domestic banks1                            September 17, 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 7.18   47,718   335   641   48.4   8.7   36.7   80.0   11.2  
 2.   Minimal risk 6.20   2,558   818   202   52.0   1.5   10.7   29.8   10.3  
 3.   Low risk 6.89   5,596   413   735   42.9   8.2   28.1   75.0   8.8  
 4.   Moderate risk 6.96   23,945   469   551   35.1   5.4   30.9   83.1   11.5  
 5.   Other 8.20   8,679   220   786   79.7   6.4   54.0   90.5   13.8  
 
 6. Zero interval 7.46   22,663   272   517   45.3   7.0   55.8   93.5   10.0  
 7.   Minimal risk 7.44   257   257   633   62.3   1.4   81.3   80.3   6.8  
 8.   Low risk 7.12   2,705   354   832   32.3   2.5   47.4   90.6   8.1  
 9.   Moderate risk 7.21   12,704   418   360   33.6   3.5   43.8   97.6   11.1  
10.   Other 8.47   3,359   142   593   77.5   5.8   81.1   92.4   10.0  
 
11. Daily 6.48   8,762   1,230   247   28.4   2.2   23.8   37.6   6.3  
12.   Minimal risk 5.87   1,552   4,612   16   52.2   .0   2.0   3.4   5.4  
13.   Low risk 6.29   977   1,058   93   30.3   11.9   18.8   34.1   4.3  
14.   Moderate risk 6.31   4,881   1,560   239   10.9   1.2   20.1   41.1   7.3  
15.   Other 8.58   920   502   653   85.5   .1   86.3   84.9   3.2  
 
16. 2 to 30 days 6.94   5,025   274   606   62.9   11.0   14.2   89.2   13.3  
17.   Minimal risk 6.68   284   1,063   541   84.1   .3   .3   23.7   9.0  
18.   Low risk 6.55   631   424   452   70.7   2.7   5.1   91.7   8.1  
19.   Moderate risk 6.89   1,930   336   764   50.6   1.7   11.4   94.4   14.5  
20.   Other 7.48   1,046   146   491   88.4   17.2   14.7   97.8   17.9  
 
21. 31 to 365 days 7.02   6,235   417   523   54.5   8.9   11.3   88.6   17.1  
22.   Minimal risk 6.18   387   496   183   18.3   8.5   6.2   96.5   12.5  
23.   Low risk 6.33   616   319   495   38.6   34.3   8.4   93.2   15.4  
24.   Moderate risk 6.78   2,499   517   645   55.8   3.8   6.2   83.6   18.6  
25.   Other 7.85   1,909   676   410   65.7   3.1   15.6   95.5   19.1  
  Months  
26. More than 365 days 7.65   4,864   296   64   75.6   26.0   26.7   72.7   11.4  
27.   Minimal risk 6.83   38   122   42   50.4   .1   4.7   63.3   24.3  
28.   Low risk 7.72   645   423   58   83.9   5.3   3.7   40.2   7.8  
29.   Moderate risk 7.33   1,915   294   71   63.7   34.7   24.8   82.2   6.7  
30.   Other 8.44   1,362   474   65   94.5   8.8   50.1   77.0   19.7  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 8.57   2,843   3.3   180   86.0   7.4   67.0   83.9   7.6  
32.   100 - 999 8.10   9,113   3.2   229   79.8   11.6   66.7   88.9   9.4  
33.   1,000 - 9,999 7.46   14,376   3.1   207   58.4   10.9   42.6   85.0   12.1  
34.   10,000+ 6.42   21,386   2.8   119   23.4   6.3   15.8   72.2   12.1  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 8.28   17,498   3.3   108   67.6   7.7   185   90.3   9.8  
36.   Other 6.55   30,219   2.9   206   37.3   9.3   633   74.0   12.3   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 6-10, 2007                         For immediate release
3. Commercial and industrial loans made by large domestic banks1                      September 17, 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 7.00   39,697   524   547   41.4   9.2   33.7   82.3   12.2  
 2.   Minimal risk 5.99   1,418   1,532   175   14.5   2.6   15.8   46.1   10.8  
 3.   Low risk 6.61   4,681   671   642   33.7   8.3   25.8   80.1   9.1  
 4.   Moderate risk 6.81   21,088   876   452   29.6   4.6   27.6   82.4   12.1  
 5.   Other 8.01   6,179   296   672   78.6   6.9   45.6   92.7   17.3  
 
 6. Zero interval 7.29   20,131   383   510   41.5   7.5   51.9   93.5   10.5  
 7.   Minimal risk 7.33   216   365   672   57.6   1.5   85.3   81.2   6.6  
 8.   Low risk 6.92   2,429   500   870   26.5   2.8   42.6   90.8   8.1  
 9.   Moderate risk 7.06   11,529   672   334   28.9   3.5   39.3   97.7   11.7  
10.   Other 8.26   2,499   195   604   80.9   6.3   76.4   92.9   10.9  
 
11. Daily 6.15   6,850   2,229   178   9.6   2.1   14.7   33.3   8.1  
12.   Minimal risk 5.55   755   14,661   1   2.0   .0   1.6   5.0   7.0  
13.   Low risk 6.01   837   2,172   43   24.0   8.5   10.7   29.3   5.4  
14.   Moderate risk 6.22   4,678   2,910   232   7.2   1.2   16.7   39.0   7.8  
15.   Other 6.90   149   605   104   25.0   .0   18.7   37.3   15.3  
 
16. 2 to 30 days 6.86   4,034   289   591   64.4   13.3   10.8   92.3   13.2  
17.   Minimal risk 5.83   63   653   526   28.3   .6   .3   99.7   8.4  
18.   Low risk 6.48   609   570   459   69.7   2.7   2.6   91.4   7.7  
19.   Moderate risk 6.86   1,368   384   769   58.6   1.6   5.4   92.8   13.4  
20.   Other 7.30   873   152   491   90.7   19.8   5.3   97.8   20.8  
 
21. 31 to 365 days 6.84   5,387   1,781   563   49.5   9.7   9.6   92.1   18.5  
22.   Minimal risk 6.09   359   3,487   183   12.6   9.2   5.4   99.0   12.5  
23.   Low risk 6.22   578   1,740   495   34.6   36.5   7.8   95.0   15.7  
24.   Moderate risk 6.51   2,107   2,474   706   49.7   3.3   3.6   87.9   20.2  
25.   Other 7.83   1,657   1,458   439   64.7   3.3   15.3   96.5   21.3  
  Months  
26. More than 365 days 7.48   3,203   1,173   47   65.6   28.5   30.7   88.4   14.0  
27.   Minimal risk 5.57   16   241   46   20.5   .0   2.4   99.6   35.0  
28.   Low risk 6.89   205   734   51   50.3   3.6   10.4   92.6   9.6  
29.   Moderate risk 7.11   1,395   1,701   46   51.4   30.4   26.3   83.9   8.8  
30.   Other 8.66   951   1,272   47   93.2   4.4   60.6   89.6   24.2  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 8.29   1,523   3.4   49   87.9   11.2   67.9   90.1   8.0  
32.   100 - 999 7.99   6,403   3.2   97   76.9   12.4   68.7   92.4   10.9  
33.   1,000 - 9,999 7.29   11,581   3.1   159   51.4   12.0   40.1   89.4   13.8  
34.   10,000+ 6.42   20,190   2.9   126   20.9   6.4   16.4   74.5   11.9  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 8.10   13,396   3.2   103   62.7   9.3   260   90.8   11.2  
36.   Other 6.44   26,301   2.9   140   30.5   9.1   1,083   78.0   12.7   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 6-10, 2007                         For immediate release
4. Commercial and industrial loans made by small domestic banks1                      September 17, 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 8.09   8,021   120   1,170   83.2   6.4   51.1   68.2   5.7  
 2.   Minimal risk 6.47   1,140   518   563   98.7   .1   4.3   9.5   7.5  
 3.   Low risk 8.31   916   139   1,168   89.7   8.0   40.1   48.9   6.2  
 4.   Moderate risk 8.12   2,857   106   1,325   75.1   10.9   54.9   88.3   7.1  
 5.   Other 8.66   2,500   134   1,052   82.6   5.1   74.7   85.0   4.3  
 
 6. Zero interval 8.78   2,532   83   579   76.0   2.9   86.9   93.3   6.3  
 7.   Minimal risk 8.03   40   99   403   87.4   1.0   59.6   75.5   7.9  
 8.   Low risk 8.85   276   99   500   83.0   .2   89.7   88.5   7.6  
 9.   Moderate risk 8.65   1,176   89   669   78.8   3.1   87.8   96.9   5.5  
10.   Other 9.05   859   80   564   67.8   4.2   94.8   91.0   7.3  
 
11. Daily 7.66   1,912   472   639   95.9   2.4   56.5   53.0   2.2  
12.   Minimal risk 6.16   797   2,795   579   99.9   .0   2.3   1.9   1.3  
13.   Low risk 7.97   140   260   374   67.6   32.1   67.6   62.6   1.2  
14.   Moderate risk 8.56   202   133   412   96.1   .0   98.0   90.6   2.4  
15.   Other 8.91   770   486   748   97.2   .2   99.4   94.1   2.3  
 
16. 2 to 30 days 7.27   991   225   683   56.6   1.8   28.3   76.5   13.9  
17.   Minimal risk 6.92   221   1,293   717   99.9   .3   .3   2.2   16.5  
18.   Low risk 8.40   22   52   254   100.0   2.5   74.1   100.0   19.8  
19.   Moderate risk 6.96   562   257   753   31.3   1.9   26.0   98.3   17.1  
20.   Other 8.41   173   123   492   76.4   3.8   62.0   98.2   3.3  
 
21. 31 to 365 days 8.16   848   71   269   85.7   3.5   22.0   66.2   5.0  
22.   Minimal risk 7.38   28   41   182   90.6   .0   16.2   64.9   12.4  
23.   Low risk 8.01   38   24   490   99.3   1.2   17.3   65.4   8.1  
24.   Moderate risk 8.24   392   98   307   88.4   6.0   20.0   60.8   5.6  
25.   Other 7.98   252   149   225   71.9   1.6   18.1   88.9   4.1  
  Months  
26. More than 365 days 7.99   1,661   121   97   94.9   21.0   19.1   42.4   1.0  
27.   Minimal risk 7.81   21   88   38   73.6   .2   6.5   35.2   .8  
28.   Low risk 8.11   441   354   61   99.5   6.2   .7   15.8   2.8  
29.   Moderate risk 7.93   520   91   138   96.7   46.1   20.7   77.6   .9  
30.   Other 7.92   410   193   108   97.4   19.1   25.8   47.7   .3  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   1 - 99 8.89   1,320   3.2   335   83.9   2.9   65.8   76.7   7.0  
32.   100 - 999 8.38   2,710   3.3   546   86.8   9.7   61.8   80.8   5.4  
33.   1,000 - 9,999 8.15   2,795   3.1   404   87.3   6.0   53.1   66.5   2.6  
34.   10,000+ 6.40   1,195   1.8   10   64.9   3.7   6.2   34.1   19.2  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 8.85   4,103   3.4   125   83.6   2.6   95   88.7   4.9  
36.   Other 7.29   3,918   2.4   649   82.9   10.5   167   46.7   7.5   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 6-10, 2007                             For immediate release
5. Commercial and industrial loans made by U.S. branches and agencies of foreign banks1   September 17, 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 6.71   32,604   6,602   578   16.3   47.5   4.2   81.8   3.5  
 2.   Minimal risk 5.77   3,758   14,850   104   12.1   80.2   .0   76.0   2.4  
 3.   Low risk 6.36   4,758   5,411   254   15.9   91.2   4.4   97.9   3.7  
 4.   Moderate risk 6.52   8,403   5,223   203   19.8   75.5   2.6   52.0   7.4  
 5.   Other 7.29   2,844   2,914   594   62.9   52.6   9.4   76.1   6.3  
 
 6. Zero interval 7.96   1,100   1,107   933   46.8   10.6   53.2   97.0   10.2  
 7.   Minimal risk 7.62   75   2,042   936   4.7   .0   2.4   71.3   14.4  
 8.   Low risk 7.38   310   1,097   597   33.9   12.3   55.4   100.0   13.4  
 9.   Moderate risk 8.01   263   735   1,196   17.1   10.7   65.6   95.7   11.5  
10.   Other 8.84   378   1,259   1,144   95.5   12.6   62.5   100.0   5.7  
 
11. Daily 6.14   10,472   11,881   147   2.3   69.9   4.9   62.4   .8  
12.   Minimal risk 5.68   2,487   48,135   1   .0   84.5   .0   71.7   .0  
13.   Low risk 6.01   1,483   10,196   2   2.9   96.9   .0   97.1   .0  
14.   Moderate risk 6.15   3,900   11,561   23   3.8   90.6   1.0   26.8   3.1  
15.   Other 6.28   392   3,208   1   11.8   62.0   .0   22.3   .0  
 
16. 2 to 30 days 6.33   8,240   4,860   347   20.7   54.0   1.1   86.1   4.9  
17.   Minimal risk 5.76   678   6,121   352   65.8   64.1   .0   73.9   11.6  
18.   Low risk 6.48   1,710   8,491   212   5.8   98.4   1.5   97.1   1.6  
19.   Moderate risk 6.33   1,943   3,375   347   29.0   73.4   .4   74.2   11.8  
20.   Other 6.61   889   3,012   136   40.5   83.8   3.3   63.1   7.4  
 
21. 31 to 365 days 7.32   12,784   9,540   1,054   22.3   28.2   1.4   93.6   3.6  
22.   Minimal risk 5.92   517   10,223   152   1.4   92.8   .0   100.0   .4  
23.   Low risk 6.36   1,255   5,086   558   40.5   94.3   .8   99.5   8.4  
24.   Moderate risk 7.16   2,294   6,974   315   39.3   59.1   .0   70.9   5.6  
25.   Other 7.65   1,183   4,756   949   86.3   38.8   .0   96.0   6.5  
  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 7.92   22   3.0   62   53.5   32.3   56.8   94.8   8.9  
32.   100 - 999 7.15   676   3.1   26   36.4   43.2   24.8   92.5   11.1  
33.   1,000 - 9,999 6.67   7,122   2.9   23   24.7   45.1   7.7   84.7   7.2  
34.   10,000+ 6.71   24,784   2.4   25   13.3   48.3   2.6   80.6   2.1  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 8.51   1,376   3.1   8   42.1   9.9   1,366   97.7   6.0  
36.   Other 6.63   31,228   2.5   25   15.1   49.1   7,943   81.1   3.4   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 6-10, 2007                                  For immediate release
6. Commercial and industrial loans by date pricing terms were set and commitment status        September 17, 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 6.80   39,452   815   2.6   110   23.9   33.4   12.6  
 2.   Not under commitment 6.42   15,500   626   2.6   157   25.2   32.4   11.2  
 3.   Informal commitment 6.88   17,815   1,134   2.3   29   12.5   38.6   8.6  
 4.   Formal commitment 7.48   6,137   776   3.2   225   53.9   21.1   27.9  
    Before survey week9
 5.   Up to 90 days 7.30   8,980   301   3.0   121   46.5   14.3   49.5  
 6.   91 to 365 days 7.34   14,162   315   3.0   133   50.1   17.0   35.3  
 6.   More than 365 days 6.99   17,701   741   3.1   91   43.5   15.7   25.1  
 
Domestic banks
 8. During survey week 7.09   15,016   327   2.8   254   50.1   9.0   28.4  
 9.   Not under commitment 6.58   9,564   396   2.5   247   38.1   4.7   17.8  
10.   Informal commitment 8.43   1,725   122   3.6   95   89.9   1.8   76.0  
11.   Formal commitment 7.76   3,728   485   3.2   345   62.4   23.2   33.6  
    Before survey week9
12.   Up to 90 days 7.39   7,801   266   3.1   134   50.0   7.9   54.8  
13.   91 to 365 days 7.34   10,427   237   3.0   167   54.6   9.2   45.7  
14.   More than 365 days 7.06   14,447   639   3.2   104   41.4   8.6   28.8  
 
Large domestic banks
15. During survey week 6.62   9,973   838   2.8   113   28.9   10.3   20.3  
16.   Not under commitment 6.25   7,012   865   2.7   81   17.9   5.2   17.6  
17.   Informal commitment 7.41   284   135   3.1   39   63.6   7.1   38.6  
18.   Formal commitment 7.51   2,676   1,596   3.1   204   54.2   24.2   25.4  
    Before survey week9
19.   Up to 90 days 7.23   6,780   343   3.0   122   44.9   7.2   53.0  
20.   91 to 365 days 7.20   9,413   323   3.0   174   52.1   9.8   43.1  
21.   More than 365 days 7.02   13,532   908   3.2   109   41.4   8.9   27.5  
 
Small domestic banks
22. During survey week 8.00   5,044   148   2.8   534   91.9   6.2   44.4  
23.   Not under commitment 7.47   2,552   159   2.0   702   93.6   3.3   18.2  
24.   Informal commitment 8.64   1,440   120   3.7   106   95.1   .8   83.4  
25.   Formal commitment 8.41   1,051   175   3.4   706   83.4   20.6   54.4  
    Before survey week9
26.   Up to 90 days 8.40   1,021   106   3.1   219   84.3   12.9   67.0  
27.   91 to 365 days 8.61   1,014   68   3.2   100   77.7   3.1   70.5  
28.   More than 365 days 7.66   915   118   3.2   33   41.0   4.4   48.1  
 
Foreign banks
29. During survey week 6.62   24,435   9,981   2.4   21   7.8   48.5   2.9  
30.   Not under commitment 6.16   5,936   9,478   2.8   12   4.3   77.0   .5  
31.   Informal commitment 6.72   16,090   10,134   2.1   22   4.2   42.5   1.3  
32.   Formal commitment 7.05   2,409   10,293   3.0   38   40.6   17.8   19.2  
    Before survey week9
33.   Up to 90 days 6.76   1,179   2,911   2.8   31   23.6   56.2   14.1  
34.   91 to 365 days 7.35   3,735   4,507   2.9   38   37.4   38.7   6.0  
35.   More than 365 days 6.68   3,255   2,590   2.7   32   52.7   47.1   8.4   
...  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 8.26   8.26   8.25   8.28   8.27  
Standard error of loan rate4 .10   .21   .23   .17   .16  

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: September 17, 2007