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 17, 2008
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FEDERAL RESERVE STATISTICAL RELEASE




E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 5-9, 2008                             For immediate release
1. Commercial and industrial loans made by all commercial banks1                           June 17, 2008
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 3.77   89,685   613   485   35.8   29.7   22.2   76.9   10.5  
 2.   Minimal risk 2.75   5,696   1,402   217   14.6   26.0   5.5   45.1   2.5  
 3.   Low risk 3.05   13,018   896   308   19.2   57.5   11.1   79.4   4.2  
 4.   Moderate risk 3.76   28,407   545   378   45.3   36.6   24.3   66.4   18.2  
 5.   Other 4.65   17,033   396   460   64.3   25.4   39.5   83.1   16.1  
 
 6. Zero interval 4.76   17,205   208   754   66.5   12.2   75.4   87.1   10.6  
 7.   Minimal risk 4.40   344   389   542   75.2   4.5   68.6   91.4   7.0  
 8.   Low risk 4.41   1,611   230   698   57.4   3.8   58.7   76.3   11.7  
 9.   Moderate risk 4.66   6,234   210   654   60.9   9.7   76.0   92.1   12.3  
10.   Other 5.25   4,280   172   650   77.0   13.5   79.3   91.8   10.2  
 
11. Daily 2.70   31,378   3,225   115   12.7   46.2   4.3   59.1   9.3  
12.   Minimal risk 2.26   3,747   14,297   16   .9   24.9   .3   25.8   .2  
13.   Low risk 2.43   7,614   3,668   48   2.5   70.6   2.8   78.6   .5  
14.   Moderate risk 2.89   11,797   2,716   71   27.7   49.0   5.6   47.2   28.1  
15.   Other 2.87   2,947   1,485   38   10.3   61.9   6.4   44.2   1.9  
 
16. 2 to 30 days 3.73   18,913   935   474   32.2   32.4   6.5   79.0   8.9  
17.   Minimal risk 3.35   829   1,227   425   25.9   42.0   .8   73.8   4.0  
18.   Low risk 3.29   1,992   871   378   30.5   64.4   4.3   80.4   6.4  
19.   Moderate risk 3.69   5,370   981   271   54.5   49.9   7.1   57.7   17.7  
20.   Other 4.54   2,860   321   235   63.7   42.2   15.8   77.4   16.3  
 
21. 31 to 365 days 4.26   15,713   843   613   41.8   17.9   9.7   93.8   11.4  
22.   Minimal risk 3.59   634   396   896   32.9   29.2   4.4   89.9   2.4  
23.   Low risk 3.90   1,304   631   753   38.9   44.4   4.4   82.3   9.7  
24.   Moderate risk 4.26   3,072   483   398   59.0   36.7   7.3   92.6   14.6  
25.   Other 4.97   4,237   1,196   310   85.3   14.3   26.4   97.1   22.1  
  Months  
26. More than 365 days 5.22   6,276   453   46   62.0   17.5   44.6   89.6   15.9  
27.   Minimal risk 4.72   134   303   51   81.8   .2   17.5   74.4   1.9  
28.   Low risk 5.12   478   452   61   54.4   37.7   30.8   91.2   11.8  
29.   Moderate risk 5.52   1,917   316   56   54.6   11.4   45.8   83.1   12.6  
30.   Other 5.21   2,594   822   37   69.9   4.5   59.9   95.5   22.4  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   3 - 99 5.70   2,863   3.3   181   86.1   7.2   66.7   84.6   8.3  
32.   100 - 999 5.04   10,753   3.2   192   74.8   12.5   61.8   90.3   11.0  
33.   1,000 - 9,999 4.28   22,139   3.3   137   49.5   22.7   34.0   87.9   12.2  
34.   10,000+ 3.20   53,931   2.8   75   19.7   37.2   7.2   69.4   9.6  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 5.10   19,948   3.5   171   68.7   8.0   210   90.8   12.4  
36.   Other 3.38   69,737   2.8   89   26.4   35.9   1,356   73.0   9.8   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 5-9, 2008                             For immediate release
2. Commercial and industrial loans made by domestic banks1                                 June 17, 2008
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 4.47   44,559   317   618   57.5   13.8   42.9   82.0   15.0  
 2.   Minimal risk 3.16   2,195   583   211   32.3   6.8   13.7   31.4   5.6  
 3.   Low risk 3.97   4,713   341   663   45.9   14.0   28.8   73.6   9.5  
 4.   Moderate risk 4.26   17,811   352   555   46.2   12.5   37.1   81.7   16.9  
 5.   Other 5.13   12,166   292   568   80.1   9.8   53.1   95.2   18.0  
 
 6. Zero interval 4.74   16,203   199   738   67.4   11.5   76.0   86.5   10.6  
 7.   Minimal risk 4.29   295   355   426   82.9   5.3   76.5   90.0   6.6  
 8.   Low risk 4.37   1,472   215   667   59.6   2.7   57.8   74.1   12.0  
 9.   Moderate risk 4.64   5,966   204   630   62.1   10.1   75.4   91.8   12.2  
10.   Other 5.26   3,864   158   633   75.7   11.8   81.8   90.9   10.1  
 
11. Daily 3.17   7,979   941   180   18.6   13.3   15.6   51.2   22.0  
12.   Minimal risk 2.32   1,184   5,755   3   2.9   .0   1.0   2.1   7.2  
13.   Low risk 2.88   1,332   722   202   13.3   21.2   16.0   59.4   1.9  
14.   Moderate risk 3.28   4,941   1,245   171   19.9   14.6   13.0   56.2   29.6  
15.   Other 4.94   272   154   465   64.4   1.5   69.3   95.7   6.7  
 
16. 2 to 30 days 4.31   6,204   337   393   58.4   12.4   19.6   92.7   16.4  
17.   Minimal risk 3.70   391   673   96   52.6   21.0   1.8   44.4   5.7  
18.   Low risk 4.07   704   336   625   55.0   4.1   12.3   94.4   12.2  
19.   Moderate risk 4.22   2,734   543   411   42.0   7.0   13.4   95.8   18.0  
20.   Other 4.81   1,602   188   192   91.1   14.6   28.1   97.0   19.4  
 
21. 31 to 365 days 4.71   7,885   457   363   70.7   17.2   19.1   89.6   17.8  
22.   Minimal risk 4.37   184   122   412   59.4   27.3   15.2   65.1   5.7  
23.   Low risk 4.30   707   370   529   64.0   16.0   8.2   68.4   9.9  
24.   Moderate risk 4.40   2,239   369   381   59.2   21.9   10.0   92.8   14.3  
25.   Other 5.06   3,727   1,136   261   87.7   10.3   29.4   98.5   22.6  
  Months  
26. More than 365 days 5.27   6,134   444   46   63.4   17.9   45.5   89.4   16.1  
27.   Minimal risk 4.72   134   303   51   81.8   .2   17.5   74.4   1.9  
28.   Low risk 5.12   478   452   61   54.4   37.7   30.8   91.2   11.8  
29.   Moderate risk 5.52   1,915   316   56   54.6   11.4   45.9   83.1   12.6  
30.   Other 5.21   2,594   822   37   69.9   4.5   59.9   95.5   22.4  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   3 - 99 5.71   2,840   3.3   183   86.3   7.0   66.8   84.6   8.3  
32.   100 - 999 5.10   9,942   3.2   205   77.7   10.8   64.8   90.2   10.9  
33.   1,000 - 9,999 4.58   15,114   3.3   189   62.3   15.0   47.3   89.7   14.1  
34.   10,000+ 3.79   16,663   3.2   210   36.2   15.8   21.6   69.7   20.7  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 5.08   19,098   3.5   179   70.0   7.1   204   90.4   12.5  
36.   Other 4.01   25,460   3.1   216   48.1   18.9   543   75.7   17.3   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 5-9, 2008                             For immediate release
3. Commercial and industrial loans made by large domestic banks1                           June 17, 2008
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 4.25   37,809   468   527   52.5   15.3   39.0   83.5   16.7  
 2.   Minimal risk 2.74   1,787   2,392   152   17.4   8.2   11.4   27.8   7.3  
 3.   Low risk 3.69   3,921   553   615   39.9   15.1   22.8   74.1   10.1  
 4.   Moderate risk 3.98   14,749   601   471   38.9   13.8   31.4   82.4   19.4  
 5.   Other 5.01   10,685   393   532   78.7   10.1   49.3   96.6   19.6  
 
 6. Zero interval 4.62   13,084   241   653   64.6   13.8   73.6   88.4   11.4  
 7.   Minimal risk 3.90   220   479   463   77.4   7.1   69.5   87.6   8.8  
 8.   Low risk 4.29   1,126   249   786   58.6   3.3   50.4   75.8   12.4  
 9.   Moderate risk 4.53   4,683   281   675   60.7   12.5   72.3   94.2   13.5  
10.   Other 5.14   3,119   194   639   71.6   13.4   78.1   91.8   10.6  
 
11. Daily 2.99   7,411   2,151   160   13.5   14.2   10.8   50.1   23.9  
12.   Minimal risk 2.30   1,170   16,189   2   1.8   .0   .8   1.8   8.1  
13.   Low risk 2.68   1,211   2,162   187   8.7   23.1   9.7   58.9   1.3  
14.   Moderate risk 3.11   4,654   2,528   156   15.4   15.5   9.5   56.3   31.2  
15.   Other 4.34   135   389   409   34.6   .3   43.3   99.0   11.3  
 
16. 2 to 30 days 4.20   5,409   387   360   52.9   13.1   14.0   95.7   17.7  
17.   Minimal risk 3.32   214   2,464   68   13.5   38.1   .9   69.4   6.6  
18.   Low risk 3.94   661   485   651   52.5   4.4   9.5   95.3   12.5  
19.   Moderate risk 4.11   2,428   742   326   35.1   5.5   7.0   97.1   19.5  
20.   Other 4.68   1,343   188   178   90.7   17.2   16.6   97.8   22.4  
 
21. 31 to 365 days 4.50   6,999   1,542   366   69.4   18.7   16.9   91.5   19.3  
22.   Minimal risk 3.33   107   1,069   509   35.3   46.0   15.6   55.4   10.3  
23.   Low risk 3.99   615   1,456   563   60.3   17.8   1.6   70.5   10.7  
24.   Moderate risk 4.07   1,824   1,152   406   54.7   25.5   4.1   92.4   16.9  
25.   Other 4.98   3,611   1,799   255   88.9   10.2   29.2   99.1   23.2  
  Months  
26. More than 365 days 4.90   4,767   1,247   39   53.7   18.6   49.7   96.4   19.1  
27.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
28.   Low risk 4.42   289   1,578   50   25.2   42.4   47.3   94.2   18.7  
29.   Moderate risk 4.79   1,146   1,061   44   26.7   10.7   48.3   93.3   18.4  
30.   Other 5.08   2,376   1,884   33   67.3   2.5   62.2   98.2   23.7  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   3 - 99 5.15   1,584   3.4   62   84.3   10.8   69.2   91.5   9.8  
32.   100 - 999 4.84   7,128   3.3   115   73.1   13.4   65.6   94.6   12.5  
33.   1,000 - 9,999 4.42   12,994   3.3   172   57.8   15.9   43.6   91.6   15.8  
34.   10,000+ 3.77   16,103   3.2   213   35.9   16.1   20.7   71.3   20.9  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 4.95   14,759   3.6   189   66.1   8.5   269   93.9   14.3  
36.   Other 3.81   23,050   3.1   164   43.8   19.6   890   76.9   18.5   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 5-9, 2008                             For immediate release
4. Commercial and industrial loans made by small domestic banks1                           June 17, 2008
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 5.68   6,749   113   1,134   85.4   5.7   64.3   73.5   4.4  
 2.   Minimal risk 4.99   407   135   652   98.0   .6   23.8   47.0   1.0  
 3.   Low risk 5.32   792   118   871   75.6   8.4   58.4   71.4   6.3  
 4.   Moderate risk 5.62   3,062   118   979   81.3   6.4   64.8   78.2   4.4  
 5.   Other 5.98   1,481   102   840   90.7   7.9   81.2   84.8   5.1  
 
 6. Zero interval 5.26   3,119   114   1,098   79.0   1.9   86.1   78.7   6.5  
 7.   Minimal risk 5.44   75   202   329   99.2   .0   97.1   97.2   .9  
 8.   Low risk 4.61   346   148   382   63.0   .6   82.2   68.7   10.7  
 9.   Moderate risk 5.00   1,283   102   439   67.1   1.3   86.8   82.8   6.9  
10.   Other 5.77   745   89   606   93.1   5.3   97.2   87.0   8.0  
 
11. Daily 5.62   568   113   437   84.3   1.7   77.6   66.0   3.1  
12.   Minimal risk 3.69   14   102   271   93.6   .0   22.8   27.6   2.2  
13.   Low risk 4.95   120   94   343   59.2   2.2   79.7   64.9   6.8  
14.   Moderate risk 6.03   287   135   411   92.8   1.1   70.1   54.6   2.6  
15.   Other 5.53   136   96   509   94.1   2.8   95.3   92.4   1.9  
 
16. 2 to 30 days 5.07   795   179   652   95.8   7.6   57.9   72.1   4.0  
17.   Minimal risk 4.16   177   358   349   100.0   .4   2.8   14.2   .9  
18.   Low risk 6.06   43   59   194   92.9   .0   54.3   81.1   8.1  
19.   Moderate risk 5.08   307   174   1,070   96.3   18.6   64.1   85.5   4.9  
20.   Other 5.50   258   191   254   93.4   1.1   87.7   93.3   2.9  
 
21. 31 to 365 days 6.38   886   70   342   81.2   5.1   36.4   74.5   2.2  
22.   Minimal risk 5.82   77   55   297   92.6   1.6   14.6   78.4   1.3  
23.   Low risk 6.32   92   62   310   88.2   3.8   51.7   54.0   3.2  
24.   Moderate risk 5.83   415   93   272   78.7   6.1   35.6   94.4   2.8  
25.   Other 7.55   116   91   454   51.4   12.8   36.4   80.8   1.2  
  Months  
26. More than 365 days 6.56   1,367   137   72   97.4   15.3   30.8   65.1   .6  
27.   Minimal risk 6.15   58   137   55   100.0   .0   .0   41.9   .2  
28.   Low risk 6.17   190   216   77   99.0   30.7   5.6   86.7   .3  
29.   Moderate risk 6.61   769   154   74   96.2   12.3   42.2   67.9   .6  
30.   Other 6.68   218   115   85   98.5   25.8   34.9   66.0   1.1  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   3 - 99 6.41   1,255   3.1   334   88.9   2.3   63.8   75.8   5.9  
32.   100 - 999 5.77   2,814   3.0   433   89.3   4.3   62.8   78.9   5.9  
33.   1,000 - 9,999 5.54   2,120   3.1   296   89.5   9.3   70.4   78.0   1.8  
34.   10,000+ 4.16   560   2.5   136   42.9   6.8   50.0   24.2   .0  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 5.53   4,339   3.2   143   83.4   2.3   112   78.6   5.0  
36.   Other 5.96   2,410   2.7   715   89.1   11.8   115   64.4   2.9   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 5-9, 2008                                 For immediate release
5. Commercial and industrial loans made by U.S. branches and agencies of foreign banks1        June 17, 2008
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 3.07   45,127   8,127   364   14.4   45.4   1.9   72.0   5.4  
 2.   Minimal risk 2.50   3,501   11,678   220   3.5   38.1   .3   53.6   1.4  
 3.   Low risk 2.54   8,306   11,619   143   4.1   82.2   1.1   82.6   1.5  
 4.   Moderate risk 2.91   10,596   6,981   94   43.8   77.1   2.6   40.6   22.7  
 5.   Other 3.44   4,867   3,696   211   24.8   64.4   5.4   52.8   7.3  
 
 6. Zero interval 5.02   1,002   993   1,001   52.1   22.6   66.3   97.4   10.6  
 7.   Minimal risk 5.06   49   925   1,339   28.3   .0   21.5   100.0   9.5  
 8.   Low risk 4.91   139   985   973   34.1   15.2   68.0   100.0   9.0  
 9.   Moderate risk 5.27   269   693   1,270   34.1   .2   89.5   100.0   14.9  
10.   Other 5.15   417   1,036   780   88.4   29.0   56.9   100.0   10.5  
 
11. Daily 2.53   23,399   18,652   95   10.7   57.4   .5   61.8   5.7  
12.   Minimal risk 2.23   2,564   45,429   22   .0   36.4   .0   36.7   .0  
13.   Low risk 2.33   6,282   27,260   23   .2   81.0   .0   82.7   .2  
14.   Moderate risk 2.61   6,856   18,337   2   33.3   73.7   .2   40.7   26.7  
15.   Other 2.66   2,676   11,977   1   4.8   68.0   .0   39.0   .6  
 
16. 2 to 30 days 3.45   12,710   6,938   509   19.4   42.1   .2   72.3   4.2  
17.   Minimal risk 3.03   438   4,600   600   2.1   60.6   .0   100.0   3.3  
18.   Low risk 2.87   1,287   6,801   252   17.1   97.3   .0   72.8   2.2  
19.   Moderate risk 3.13   2,636   6,059   130   67.5   94.4   .7   18.1   15.9  
20.   Other 4.19   1,258   3,120   283   28.7   77.3   .2   52.5   9.0  
 
21. 31 to 365 days 3.80   7,828   5,701   865   12.6   18.6   .3   97.9   5.6  
22.   Minimal risk 3.27   450   4,729   1,143   22.1   29.9   .1   100.0   1.5  
23.   Low risk 3.43   597   3,878   1,009   9.3   78.0   .0   98.9   9.6  
24.   Moderate risk 3.90   833   2,746   443   58.5   76.2   .3   92.0   15.4  
25.   Other 4.31   510   1,938   665   67.8   43.3   4.4   87.0   17.1  
  Months  
26. More than 365 days 3.27   141   3,647   24   .0   .0   5.5   98.8   5.3  
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 4.98   23   3.3   20   58.5   24.4   59.9   89.7   14.5  
32.   100 - 999 4.30   811   3.1   29   39.7   33.2   25.3   91.9   13.4  
33.   1,000 - 9,999 3.65   7,025   3.1   23   22.0   39.4   5.4   84.2   7.9  
34.   10,000+ 2.93   37,268   2.6   15   12.3   46.8   .7   69.2   4.6  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 5.47   850   3.3   6   39.2   29.5   835   99.6   10.5  
36.   Other 3.02   44,277   2.7   17   13.9   45.7   9,764   71.4   5.3   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 5-9, 2008                                      For immediate release
6. Commercial and industrial loans by date pricing terms were set and commitment status             June 17, 2008
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 3.27   51,114   1,133   2.7   78   20.4   38.9   10.0  
 2.   Not under commitment 3.05   20,678   978   2.7   62   25.8   44.7   8.9  
 3.   Informal commitment 3.13   23,827   1,567   2.5   40   7.0   38.1   4.8  
 4.   Formal commitment 4.45   6,609   754   3.1   267   52.1   24.2   32.2  
    Before survey week9
 5.   Up to 90 days 4.63   6,687   274   3.1   111   58.0   18.9   43.2  
 6.   91 to 365 days 4.55   12,352   243   3.2   138   58.9   19.3   48.2  
 6.   More than 365 days 4.27   19,520   758   3.5   164   53.7   15.7   30.6  
 
Domestic banks
 8. During survey week 4.30   14,710   348   2.8   241   48.9   14.2   33.7  
 9.   Not under commitment 3.71   8,024   396   2.4   154   33.2   7.3   22.9  
10.   Informal commitment 5.51   1,769   131   2.9   342   84.2   5.6   57.6  
11.   Formal commitment 4.82   4,916   578   3.5   347   61.8   28.7   42.9  
    Before survey week9
12.   Up to 90 days 4.83   5,329   221   3.2   136   66.8   10.9   51.7  
13.   91 to 365 days 4.60   10,151   202   3.3   161   66.0   14.5   56.7  
14.   More than 365 days 4.41   14,356   599   3.6   209   56.8   14.0   39.1  
 
Large domestic banks
15. During survey week 3.70   10,384   855   2.8   143   34.1   17.7   23.0  
16.   Not under commitment 3.23   6,236   821   2.4   62   20.5   7.6   14.5  
17.   Informal commitment 3.99   387   157   2.7   36   54.7   6.7   41.0  
18.   Formal commitment 4.45   3,762   1,800   3.6   288   54.5   35.6   35.1  
    Before survey week9
19.   Up to 90 days 4.64   4,413   285   3.2   122   61.8   11.4   47.4  
20.   91 to 365 days 4.50   9,064   263   3.3   172   63.7   15.8   55.0  
21.   More than 365 days 4.38   13,948   744   3.6   214   56.0   14.4   38.0  
 
Small domestic banks
22. During survey week 5.74   4,325   144   2.9   476   84.5   6.0   59.5  
23.   Not under commitment 5.39   1,789   141   2.7   474   77.6   6.2   52.0  
24.   Informal commitment 5.93   1,383   125   2.9   426   92.5   5.4   62.2  
25.   Formal commitment 6.05   1,154   180   3.1   541   85.8   6.3   68.0  
    Before survey week9
26.   Up to 90 days 5.78   917   106   3.2   201   91.1   8.1   72.7  
27.   91 to 365 days 5.45   1,087   69   3.2   72   85.4   3.7   70.7  
28.   More than 365 days 5.45   408   78   3.1   36   81.9   2.3   78.8  
 
Foreign banks
29. During survey week 2.86   36,404   12,848   2.6   12   8.9   48.9   .4  
30.   Not under commitment 2.64   12,654   14,743   2.8   5   21.1   68.4   .0  
31.   Informal commitment 2.94   22,057   12,788   2.4   15   .8   40.7   .6  
32.   Formal commitment 3.38   1,693   6,761   2.0   34   23.9   11.2   1.3  
    Before survey week9
33.   Up to 90 days 3.81   1,358   6,310   2.7   12   23.6   50.5   9.5  
34.   91 to 365 days 4.29   2,201   2,972   2.4   32   26.0   41.6   8.8  
35.   More than 365 days 3.86   5,163   2,928   3.1   40   45.4   20.4   7.1   
...  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 5.05   5.05   5.00   5.21   5.04  
Standard error of loan rate4 .17   .15   .20   .15   .17  

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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