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

Release Date: December 13, 2007
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FEDERAL RESERVE STATISTICAL RELEASE




E.2 SURVEY OF TERMS OF BUSINESS LENDING, NOVEMBER 5-9, 2007                        For immediate release
1. Commercial and industrial loans made by all commercial banks1                       December 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 6.30   79,366   558   612   36.3   29.5   25.2   78.8   9.0  
 2.   Minimal risk 5.22   6,483   1,290   358   29.2   42.0   6.8   51.1   9.0  
 3.   Low risk 5.61   12,384   830   473   31.2   51.1   15.0   73.1   8.6  
 4.   Moderate risk 6.64   28,814   567   576   32.8   29.9   30.6   77.4   11.8  
 5.   Other 6.97   13,769   326   672   66.0   25.5   37.5   83.7   9.9  
 
 6. Zero interval 7.09   13,711   197   766   63.2   12.5   72.7   88.5   9.1  
 7.   Minimal risk 6.78   243   327   698   53.9   6.8   65.4   73.9   9.3  
 8.   Low risk 6.50   2,003   290   621   44.1   7.6   64.9   67.7   10.2  
 9.   Moderate risk 7.22   4,804   192   835   62.9   11.3   72.1   93.8   10.0  
10.   Other 7.70   3,091   142   639   78.9   11.1   79.6   95.2   9.4  
 
11. Daily 5.83   24,894   1,104   232   17.0   33.6   23.1   61.9   11.2  
12.   Minimal risk 4.86   3,276   4,868   75   8.9   23.7   4.6   27.1   3.6  
13.   Low risk 5.04   4,664   2,478   183   13.6   57.3   5.5   62.2   10.0  
14.   Moderate risk 6.31   11,091   1,281   168   18.9   31.5   37.5   65.7   15.7  
15.   Other 6.24   2,273   326   281   32.4   42.7   24.1   44.3   14.7  
 
16. 2 to 30 days 5.82   20,856   1,109   619   34.3   36.7   5.1   81.5   8.8  
17.   Minimal risk 5.69   1,159   3,473   435   77.6   43.3   1.0   63.9   14.9  
18.   Low risk 5.54   4,002   1,604   538   30.7   67.2   4.6   80.9   7.0  
19.   Moderate risk 5.94   5,914   1,020   536   40.6   42.4   7.7   72.9   13.7  
20.   Other 6.35   2,980   481   740   62.2   48.4   6.3   84.2   11.8  
 
21. 31 to 365 days 6.84   13,267   945   583   37.7   23.8   8.0   94.1   7.0  
22.   Minimal risk 5.23   1,462   910   804   28.9   85.0   2.6   97.3   8.9  
23.   Low risk 6.19   1,213   719   659   64.9   55.4   5.8   92.7   7.7  
24.   Moderate risk 7.82   4,422   819   495   22.4   14.0   3.6   90.1   7.2  
25.   Other 6.95   3,213   985   270   73.7   16.0   21.1   95.3   8.8  
  Months  
26. More than 365 days 6.89   6,441   418   60   57.4   37.8   32.1   82.9   7.6  
27.   Minimal risk 5.72   322   242   25   38.9   56.5   20.0   18.6   17.5  
28.   Low risk 6.97   424   226   63   77.7   16.3   11.7   85.3   5.8  
29.   Moderate risk 6.50   2,542   467   70   36.0   56.2   22.0   86.0   7.5  
30.   Other 7.56   2,163   657   53   77.2   10.9   58.4   90.9   7.6  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   3 - 99 7.88   2,857   3.2   223   84.2   9.1   68.6   85.2   8.3  
32.   100 - 999 7.36   9,974   3.2   249   76.4   14.1   63.7   89.8   8.9  
33.   1,000 - 9,999 6.36   21,747   3.1   173   46.7   27.8   28.2   87.0   10.2  
34.   10,000+ 5.93   44,788   2.7   97   19.3   35.1   12.3   72.0   8.4  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 7.65   19,980   3.2   143   59.8   7.8   211   90.8   7.9  
36.   Other 5.85   59,386   2.7   141   28.4   36.8   1,252   74.8   9.5   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, NOVEMBER 5-9, 2007                        For immediate release
2. Commercial and industrial loans made by domestic banks1                             December 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 6.87   46,529   338   728   52.5   16.5   41.3   85.2   10.9  
 2.   Minimal risk 5.62   2,448   514   347   59.5   22.9   17.2   39.5   26.0  
 3.   Low risk 6.07   5,512   396   725   46.5   16.0   30.9   73.2   14.8  
 4.   Moderate risk 7.06   21,085   426   653   38.0   15.6   41.0   88.7   10.7  
 5.   Other 7.38   10,279   250   804   78.0   11.7   48.6   95.6   10.3  
 
 6. Zero interval 7.08   13,104   190   753   63.5   12.2   73.9   88.5   9.2  
 7.   Minimal risk 6.52   194   283   451   58.7   8.5   75.7   67.2   10.0  
 8.   Low risk 6.54   1,749   262   573   46.6   3.8   69.0   66.9   11.0  
 9.   Moderate risk 7.21   4,710   190   824   62.7   11.5   71.9   93.7   10.0  
10.   Other 7.67   2,885   134   616   77.9   11.0   81.7   94.8   9.6  
 
11. Daily 6.71   10,899   507   337   30.0   13.5   49.1   75.8   14.9  
12.   Minimal risk 5.25   867   1,417   238   30.9   1.2   16.5   17.9   16.8  
13.   Low risk 5.30   1,577   964   399   37.0   31.8   12.2   53.0   31.0  
14.   Moderate risk 7.03   6,932   828   250   19.3   8.3   59.2   83.5   12.9  
15.   Other 7.69   920   136   631   65.6   20.4   57.6   97.0   15.9  
 
16. 2 to 30 days 6.26   8,565   511   791   60.5   16.1   11.7   83.3   13.1  
17.   Minimal risk 5.80   649   2,587   256   88.7   22.5   1.7   35.6   35.6  
18.   Low risk 6.10   1,178   548   955   49.7   8.8   15.5   93.9   10.7  
19.   Moderate risk 6.30   3,566   678   653   57.4   14.1   11.9   86.7   14.2  
20.   Other 6.84   1,590   277   1,113   83.2   22.2   9.8   97.3   13.6  
 
21. 31 to 365 days 7.40   7,459   568   276   52.3   10.4   14.2   96.9   9.0  
22.   Minimal risk 5.51   411   265   275   85.8   53.7   9.1   90.3   31.7  
23.   Low risk 6.13   519   344   706   49.5   16.5   13.5   97.1   10.9  
24.   Moderate risk 8.12   3,339   646   199   21.9   6.9   4.8   96.8   6.4  
25.   Other 7.12   2,717   879   231   79.3   5.6   24.9   98.2   9.1  
  Months  
26. More than 365 days 6.90   6,308   411   59   58.4   37.5   32.4   83.1   7.7  
27.   Minimal risk 5.77   307   231   24   40.9   54.3   21.0   19.5   17.5  
28.   Low risk 7.01   411   219   62   77.1   13.7   12.0   84.8   6.1  
29.   Moderate risk 6.50   2,496   460   68   36.6   57.2   22.4   85.8   7.6  
30.   Other 7.58   2,118   647   53   78.9   9.1   58.8   91.6   7.7  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   3 - 99 7.88   2,829   3.2   225   84.5   8.9   68.6   85.1   8.3  
32.   100 - 999 7.42   9,331   3.2   264   79.0   12.2   66.4   89.7   8.8  
33.   1,000 - 9,999 6.63   14,383   3.2   224   58.5   18.6   39.8   88.6   11.5  
34.   10,000+ 6.63   19,986   2.9   196   31.3   18.0   26.7   80.6   11.9  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 7.63   19,197   3.3   146   60.9   7.7   205   90.4   7.7  
36.   Other 6.33   27,332   3.0   272   46.7   22.6   627   81.5   13.3   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, NOVEMBER 5-9, 2007                        For immediate release
3. Commercial and industrial loans made by large domestic banks1                       December 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 6.75   38,394   516   617   46.5   19.0   38.1   86.9   12.0  
 2.   Minimal risk 5.18   1,673   1,824   262   41.1   32.9   13.6   50.2   28.5  
 3.   Low risk 5.79   4,188   592   685   42.2   20.9   21.2   74.0   18.2  
 4.   Moderate risk 6.97   17,857   734   557   29.8   17.3   38.3   88.8   11.7  
 5.   Other 7.25   8,088   374   562   77.1   13.0   43.7   97.5   11.3  
 
 6. Zero interval 6.97   10,653   237   822   63.0   14.5   71.6   90.0   9.6  
 7.   Minimal risk 6.38   169   331   477   53.0   9.8   74.1   63.5   8.1  
 8.   Low risk 6.59   1,167   255   745   54.3   5.6   56.2   76.9   12.7  
 9.   Moderate risk 7.09   3,880   258   894   59.5   13.6   69.5   94.1   10.8  
10.   Other 7.50   2,043   170   616   80.5   13.1   78.8   96.0   10.0  
 
11. Daily 6.58   9,721   918   305   22.7   14.9   45.0   74.9   16.1  
12.   Minimal risk 4.90   691   6,127   83   13.6   .2   13.4   14.9   23.0  
13.   Low risk 5.19   1,501   2,164   380   34.5   33.1   8.2   51.5   32.9  
14.   Moderate risk 6.94   6,386   1,682   238   13.2   9.0   56.3   82.8   13.6  
15.   Other 7.43   594   208   690   54.2   30.4   38.6   98.0   19.9  
 
16. 2 to 30 days 6.04   6,594   573   611   52.2   20.7   7.0   86.9   14.9  
17.   Minimal risk 5.18   221   2,319   266   66.8   66.1   1.2   99.3   36.2  
18.   Low risk 5.87   921   733   893   40.4   11.3   8.4   92.8   12.9  
19.   Moderate risk 6.03   2,722   883   620   47.1   18.4   3.9   86.5   16.5  
20.   Other 6.64   1,213   292   275   84.5   28.3   6.8   99.2   16.2  
 
21. 31 to 365 days 7.40   6,657   1,783   274   48.4   11.5   12.0   98.6   9.6  
22.   Minimal risk 5.20   355   2,326   279   84.8   61.9   2.0   99.4   32.9  
23.   Low risk 5.57   348   1,234   959   38.4   24.6   3.4   98.0   14.7  
24.   Moderate risk 8.28   2,932   2,371   177   12.9   7.7   2.7   98.3   6.7  
25.   Other 7.10   2,669   1,598   230   79.1   5.7   24.9   99.1   9.2  
  Months  
26. More than 365 days 6.66   4,647   1,391   44   47.7   45.0   29.5   87.7   9.7  
27.   Minimal risk 5.12   236   6,358   22   23.3   70.5   .0   23.7   18.8  
28.   Low risk 5.91   171   868   49   59.8   32.6   10.5   92.7   12.8  
29.   Moderate risk 6.21   1,908   1,812   49   24.6   65.3   19.2   86.3   9.7  
30.   Other 7.59   1,557   1,911   40   71.8   6.8   60.6   95.7   9.5  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   3 - 99 7.54   1,486   3.4   63   84.9   14.3   68.9   89.8   8.9  
32.   100 - 999 7.22   6,188   3.2   99   74.9   15.2   66.5   92.8   10.7  
33.   1,000 - 9,999 6.56   12,218   3.2   206   55.1   20.8   38.2   89.0   12.6  
34.   10,000+ 6.65   18,502   3.0   208   28.2   19.5   26.1   83.3   12.2  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 7.58   14,635   3.3   134   55.6   8.9   289   93.4   8.4  
36.   Other 6.23   23,759   3.0   216   40.9   25.2   997   82.9   14.4   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, NOVEMBER 5-9, 2007                        For immediate release
4. Commercial and industrial loans made by small domestic banks1                       December 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 7.44   8,135   129   1,294   81.0   4.6   56.1   77.2   5.1  
 2.   Minimal risk 6.56   775   202   1,019   99.1   1.4   25.0   16.5   9.8  
 3.   Low risk 6.95   1,324   193   846   60.1   .5   61.4   70.9   3.5  
 4.   Moderate risk 7.52   3,228   128   1,203   83.5   6.3   55.8   88.5   5.1  
 5.   Other 7.87   2,191   112   1,698   81.2   7.0   66.9   88.6   6.0  
 
 6. Zero interval 7.56   2,452   102   462   65.4   2.6   83.8   81.9   7.1  
 7.   Minimal risk 7.55   24   141   277   98.3   .0   87.4   93.6   18.8  
 8.   Low risk 6.46   581   275   319   31.1   .2   94.6   46.8   5.4  
 9.   Moderate risk 7.81   830   86   462   77.6   1.4   83.1   92.0   6.1  
10.   Other 8.09   842   89   617   71.5   5.6   88.9   92.0   8.4  
 
11. Daily 7.80   1,177   108   645   90.3   1.8   82.6   83.1   6.4  
12.   Minimal risk 6.64   176   352   2,322   99.3   5.2   28.4   29.5   4.4  
13.   Low risk 7.49   76   80   855   85.0   6.2   91.3   83.1   7.5  
14.   Moderate risk 8.06   545   119   391   89.8   .1   92.8   91.9   5.5  
15.   Other 8.15   327   84   529   86.4   2.2   92.2   95.0   8.5  
 
16. 2 to 30 days 6.99   1,971   375   1,551   88.2   .6   27.3   71.1   5.5  
17.   Minimal risk 6.12   427   2,752   37   100.0   .0   2.0   2.6   22.8  
18.   Low risk 6.93   256   287   1,231   83.1   .0   41.0   97.8   3.3  
19.   Moderate risk 7.17   844   388   754   90.5   .3   37.6   87.2   7.0  
20.   Other 7.51   377   237   3,700   78.9   2.5   19.2   91.1   4.3  
 
21. 31 to 365 days 7.35   802   85   300   85.5   1.0   32.7   82.5   3.4  
22.   Minimal risk 7.48   56   40   251   92.2   2.0   54.3   32.3   8.0  
23.   Low risk 7.25   171   139   207   72.2   .0   33.9   95.3   2.8  
24.   Moderate risk 6.96   407   104   359   86.0   1.1   19.6   85.9   4.3  
25.   Other 8.38   49   34   269   87.5   4.7   28.3   53.4   1.8  
  Months  
26. More than 365 days 7.55   1,661   138   98   88.5   16.4   40.5   70.2   .9  
27.   Minimal risk 7.92   71   55   32   99.0   .8   90.6   5.8   .5  
28.   Low risk 7.79   239   143   71   89.4   .1   13.2   79.2   .4  
29.   Moderate risk 7.47   588   134   129   75.5   31.1   32.9   83.9   .6  
30.   Other 7.55   561   228   87   98.6   15.5   53.7   80.3   1.5  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   3 - 99 8.27   1,343   3.1   409   84.0   2.9   68.2   79.9   7.5  
32.   100 - 999 7.81   3,142   3.1   594   87.0   6.2   66.2   83.6   4.5  
33.   1,000 - 9,999 7.06   2,165   3.2   320   77.8   6.6   49.1   86.6   5.2  
34.   10,000+ 6.43   1,484   2.2   49   70.1   .0   33.8   47.6   3.6  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 7.79   4,562   3.1   188   77.7   4.0   105   80.9   5.0  
36.   Other 6.98   3,573   2.7   645   85.1   5.5   181   72.5   5.3   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, NOVEMBER 5-9, 2007                            For immediate release
5. Commercial and industrial loans made by U.S. branches and agencies of foreign banks1    December 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 5.50   32,837   6,749   461   13.4   47.9   2.4   69.8   5.8  
 2.   Minimal risk 4.97   4,035   15,126   362   10.8   53.5   .5   58.1   2.0  
 3.   Low risk 5.25   6,872   6,861   297   19.0   79.2   2.3   73.0   3.6  
 4.   Moderate risk 5.49   7,729   5,862   374   18.6   68.8   2.1   46.6   17.7  
 5.   Other 5.77   3,490   3,197   305   30.6   66.1   4.9   48.7   7.7  
 
 6. Zero interval 7.16   607   762   1,007   56.6   19.6   47.0   88.8   7.4  
 7.   Minimal risk 7.77   50   812   1,477   35.4   .0   25.4   100.0   7.5  
 8.   Low risk 6.20   255   1,098   883   26.8   33.5   37.2   73.3   5.4  
 9.   Moderate risk 7.52   94   369   1,411   70.5   5.4   82.0   100.0   11.2  
10.   Other 8.08   205   838   918   93.2   13.8   49.2   100.0   7.2  
 
11. Daily 5.14   13,995   13,254   154   6.9   49.2   2.9   51.1   6.9  
12.   Minimal risk 4.73   2,409   39,282   24   1.0   31.8   .3   30.4   .8  
13.   Low risk 4.90   3,088   12,534   72   1.6   70.4   2.1   66.9   1.5  
14.   Moderate risk 5.12   4,159   14,584   37   18.3   70.3   1.3   35.9   26.6  
15.   Other 5.26   1,353   6,584   60   9.7   58.0   1.3   8.4   5.2  
 
16. 2 to 30 days 5.51   12,291   5,988   512   16.1   51.1   .5   80.3   5.7  
17.   Minimal risk 5.56   510   6,158   515   63.6   69.7   .0   100.0   5.5  
18.   Low risk 5.30   2,824   8,174   393   22.8   91.6   .0   75.6   5.1  
19.   Moderate risk 5.40   2,348   4,383   366   15.1   85.3   1.3   51.9   12.3  
20.   Other 5.79   1,390   3,106   330   38.3   78.4   2.3   69.2   8.9  
 
21. 31 to 365 days 6.12   5,808   6,413   971   18.9   41.1   .0   90.5   4.4  
22.   Minimal risk 5.12   1,051   18,041   1,007   6.6   97.2   .0   100.0   .9  
23.   Low risk 6.23   693   3,967   624   76.4   84.5   .0   89.3   5.2  
24.   Moderate risk 6.91   1,083   4,688   1,395   24.0   35.8   .0   69.5   10.8  
25.   Other 6.04   496   2,888   483   42.9   73.0   .0   79.0   6.2  
  Months  
26. More than 365 days 6.35   133   2,703   102   10.1   54.2   20.5   74.2   2.1  
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.   3 - 99 7.44   27   3.0   43   60.2   31.6   67.4   94.8   10.3  
32.   100 - 999 6.50   644   3.0   24   38.2   42.5   25.3   91.5   9.8  
33.   1,000 - 9,999 5.83   7,365   2.9   75   23.6   45.6   5.6   83.7   7.6  
34.   10,000+ 5.37   24,802   2.4   17   9.6   48.8   .8   65.1   4.9  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 8.15   783   3.0   51   33.0   9.4   764   100.0   11.8  
36.   Other 5.43   32,054   2.5   30   12.9   48.9   8,347   69.1   5.6   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, NOVEMBER 5-9, 2007                                 For immediate release
6. Commercial and industrial loans by date pricing terms were set and commitment status         December 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 5.82   37,170   829   2.7   134   26.2   36.4   13.6  
 2.   Not under commitment 5.47   16,811   784   2.6   99   19.6   40.3   10.9  
 3.   Informal commitment 5.59   13,776   895   2.5   75   13.4   35.1   8.4  
 4.   Formal commitment 7.17   6,584   820   3.2   347   69.8   29.0   31.4  
    Before survey week9
 5.   Up to 90 days 6.58   8,769   358   2.8   219   45.9   31.6   37.2  
 6.   91 to 365 days 7.15   18,102   372   3.1   119   40.8   15.2   41.7  
 6.   More than 365 days 6.30   15,322   630   3.1   141   50.1   28.5   26.7  
 
Domestic banks
 8. During survey week 6.64   13,734   323   2.9   328   62.6   13.1   35.9  
 9.   Not under commitment 5.95   6,890   333   2.3   220   43.5   10.6   26.6  
10.   Informal commitment 7.38   1,976   141   3.2   421   91.0   2.8   58.0  
11.   Formal commitment 7.31   4,868   626   3.5   442   78.2   20.6   40.0  
    Before survey week9
12.   Up to 90 days 7.01   6,399   265   3.2   254   57.8   16.1   49.5  
13.   91 to 365 days 7.37   14,626   307   3.2   138   42.3   11.1   49.9  
14.   More than 365 days 6.42   11,767   509   3.1   177   50.6   27.4   32.3  
 
Large domestic banks
15. During survey week 6.25   9,014   668   3.0   257   50.7   18.4   25.6  
16.   Not under commitment 5.59   5,038   580   2.4   140   30.8   13.1   19.1  
17.   Informal commitment 6.86   346   131   2.9   106   74.7   8.1   40.8  
18.   Formal commitment 7.11   3,629   1,672   3.7   435   76.1   26.7   33.1  
    Before survey week9
19.   Up to 90 days 6.84   5,022   338   3.2   163   51.6   17.5   48.1  
20.   91 to 365 days 7.36   13,306   439   3.2   143   39.2   11.7   49.0  
21.   More than 365 days 6.37   11,053   704   3.1   184   49.5   29.1   30.7  
 
Small domestic banks
22. During survey week 7.38   4,720   163   2.7   462   85.3   2.9   55.5  
23.   Not under commitment 6.92   1,852   154   2.1   439   78.0   4.1   47.0  
24.   Informal commitment 7.50   1,630   143   3.3   487   94.5   1.6   61.6  
25.   Formal commitment 7.89   1,239   221   2.9   463   84.2   2.8   60.2  
    Before survey week9
26.   Up to 90 days 7.63   1,377   148   3.2   587   80.3   11.0   54.5  
27.   91 to 365 days 7.52   1,320   76   3.2   88   73.6   5.4   59.1  
28.   More than 365 days 7.32   714   97   3.3   69   67.1   2.4   57.6  
 
Foreign banks
29. During survey week 5.33   23,436   9,986   2.6   21   4.8   50.0   .6  
30.   Not under commitment 5.14   9,921   13,350   2.7   15   3.0   60.8   .0  
31.   Informal commitment 5.29   11,800   8,726   2.3   17   .4   40.5   .2  
32.   Formal commitment 6.78   1,716   6,823   2.4   80   45.9   52.8   7.1  
    Before survey week9
33.   Up to 90 days 5.43   2,370   7,268   1.9   126   13.9   73.7   4.0  
34.   91 to 365 days 6.24   3,476   3,546   2.5   38   34.7   32.3   7.3  
35.   More than 365 days 5.90   3,555   2,933   2.9   22   48.6   32.2   8.3   
...  The number of loans was insufficient to provide a meaningful value.
Summary statistics All commercial
banks		 Domestic
banks		 Large domestic
banks		 Small domestic
banks		 Foreign
banks
Average reported prime rate 7.52   7.52   7.51   7.56   7.53  
Standard error of loan rate4 .26   .23   .27   .11   .23  

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: December 13, 2007