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 18, 2008
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FEDERAL RESERVE STATISTICAL RELEASE




E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 4-8, 2008                          For immediate release
1. Commercial and industrial loans made by all commercial banks1                      September 18, 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 3.79   90,306   653   505   33.5   30.9   25.6   78.8   10.0  
 2.   Minimal risk 2.93   3,264   851   335   16.1   52.0   5.9   73.1   1.6  
 3.   Low risk 2.99   14,468   1,044   299   20.8   63.3   19.8   81.8   5.2  
 4.   Moderate risk 3.97   26,894   524   411   36.2   35.6   26.5   71.5   12.9  
 5.   Other 4.40   21,895   584   564   55.5   19.2   36.7   77.4   15.6  
 
 6. Zero interval 4.70   18,266   240   751   66.0   13.6   72.9   91.4   10.8  
 7.   Minimal risk 4.60   339   478   907   40.3   2.0   41.7   94.5   8.3  
 8.   Low risk 4.09   1,944   272   943   70.5   10.9   50.3   89.7   11.2  
 9.   Moderate risk 4.76   6,315   236   699   63.4   12.2   71.6   96.2   12.0  
10.   Other 5.21   4,657   211   701   80.1   14.9   81.6   94.2   11.1  
 
11. Daily 2.75   30,256   3,604   264   3.7   44.5   12.2   58.1   7.2  
12.   Minimal risk 2.30   1,642   7,294   7   2.4   55.6   .7   51.6   .1  
13.   Low risk 2.43   8,746   6,614   35   1.8   80.8   15.6   75.1   2.0  
14.   Moderate risk 2.92   7,819   1,936   109   6.2   47.1   17.3   44.3   21.2  
15.   Other 2.91   5,433   3,329   642   5.1   17.7   12.4   30.7   3.9  
 
16. 2 to 30 days 3.75   20,441   998   420   32.9   38.6   6.7   82.7   8.6  
17.   Minimal risk 2.88   871   1,004   430   18.2   83.5   1.9   95.9   .7  
18.   Low risk 3.31   2,213   902   379   36.1   60.3   7.9   92.1   6.6  
19.   Moderate risk 4.00   8,522   1,356   285   37.6   48.3   4.3   67.6   9.6  
20.   Other 4.16   3,364   439   233   53.9   32.0   14.3   88.2   16.6  
 
21. 31 to 365 days 4.16   15,790   786   486   43.8   20.1   12.6   97.0   12.7  
22.   Minimal risk 3.75   347   259   1,076   37.6   14.7   5.8   95.3   1.3  
23.   Low risk 3.67   1,116   728   688   31.0   46.6   8.5   96.2   12.9  
24.   Moderate risk 4.17   2,884   328   369   47.1   31.5   8.2   96.3   13.6  
25.   Other 4.84   5,872   1,765   254   79.7   19.1   24.6   97.8   19.5  
  Months  
26. More than 365 days 5.58   5,421   430   48   61.4   17.2   51.3   83.2   14.9  
27.   Minimal risk 6.31   52   87   39   95.6   .1   3.7   76.5   1.8  
28.   Low risk 6.03   407   306   55   76.4   3.2   60.6   91.5   4.9  
29.   Moderate risk 5.77   1,315   254   59   49.8   6.9   48.9   85.0   6.7  
30.   Other 5.38   2,542   1,023   43   63.8   13.3   63.7   85.1   22.0  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   3 - 99 5.61   2,652   3.2   159   84.8   7.8   68.7   88.2   7.8  
32.   100 - 999 5.02   10,320   3.2   196   75.4   12.7   63.9   89.7   10.7  
33.   1,000 - 9,999 4.16   21,651   3.3   141   47.3   24.4   35.2   89.1   12.8  
34.   10,000+ 3.34   55,683   3.1   65   17.9   38.0   12.8   72.3   8.7  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 4.94   23,148   3.4   160   62.1   15.9   256   93.6   13.3  
36.   Other 3.40   67,158   3.0   81   23.6   36.1   1,402   73.6   8.6   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 4-8, 2008                          For immediate release
2. Commercial and industrial loans made by domestic banks1                            September 18, 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 4.52   47,724   359   630   52.8   14.1   45.8   86.8   13.9  
 2.   Minimal risk 3.27   1,191   335   270   29.9   .9   14.7   32.4   7.6  
 3.   Low risk 3.84   5,372   412   698   49.4   16.4   43.1   84.9   9.8  
 4.   Moderate risk 4.44   18,313   367   506   36.9   13.3   38.1   87.2   13.4  
 5.   Other 5.06   14,687   405   752   75.6   9.1   53.1   96.5   17.6  
 
 6. Zero interval 4.68   17,024   227   696   65.9   13.4   75.0   90.7   10.8  
 7.   Minimal risk 4.31   171   275   377   69.9   1.7   72.6   89.2   14.4  
 8.   Low risk 4.11   1,765   254   981   73.3   6.3   51.2   88.6   11.1  
 9.   Moderate risk 4.75   6,105   231   695   63.1   12.5   72.6   96.1   11.7  
10.   Other 5.19   4,205   194   675   78.6   15.1   85.4   93.5   10.9  
 
11. Daily 3.26   7,739   1,063   676   8.9   20.2   38.9   56.0   18.9  
12.   Minimal risk 2.39   734   4,063   12   5.0   .9   1.6   1.8   7.5  
13.   Low risk 2.86   1,785   1,558   211   8.6   38.0   50.1   72.0   10.1  
14.   Moderate risk 3.30   3,832   1,015   214   5.0   16.4   35.0   57.4   28.6  
15.   Other 4.91   787   551   4,692   28.4   2.2   85.7   95.9   5.9  
 
16. 2 to 30 days 4.52   8,753   472   272   41.5   10.1   14.7   95.7   12.9  
17.   Minimal risk 4.00   84   110   930   83.0   .9   20.1   57.8   6.6  
18.   Low risk 4.09   813   381   562   68.4   4.2   21.5   95.8   8.9  
19.   Moderate risk 4.73   4,607   795   214   20.6   8.5   7.3   94.8   10.1  
20.   Other 4.50   2,372   324   192   64.3   6.2   19.3   99.0   19.6  
 
21. 31 to 365 days 4.66   8,942   471   335   69.6   15.1   21.9   96.9   17.7  
22.   Minimal risk 4.87   136   105   1,066   49.3   .0   14.7   87.9   2.1  
23.   Low risk 4.07   561   401   598   54.2   7.1   17.0   93.6   10.2  
24.   Moderate risk 4.18   2,435   287   362   44.6   24.3   9.5   97.3   13.2  
25.   Other 5.05   5,012   1,601   223   88.5   8.9   28.8   98.8   21.8  
  Months  
26. More than 365 days 5.64   5,144   410   48   64.2   12.8   54.1   87.6   14.9  
27.   Minimal risk 6.31   52   87   39   95.6   .1   3.7   76.5   1.8  
28.   Low risk 6.03   407   306   55   76.4   3.2   60.6   91.5   4.9  
29.   Moderate risk 5.80   1,295   251   60   50.5   5.6   49.6   86.2   6.7  
30.   Other 5.50   2,285   931   43   69.8   3.8   70.8   94.4   22.0  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   3 - 99 5.62   2,633   3.2   160   85.0   7.6   68.8   88.1   7.7  
32.   100 - 999 5.08   9,588   3.3   209   78.1   10.5   66.9   89.6   10.4  
33.   1,000 - 9,999 4.49   14,597   3.4   195   58.9   15.5   49.1   91.3   14.6  
34.   10,000+ 4.14   20,907   3.3   136   32.8   15.7   30.8   82.2   16.0  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 4.97   21,836   3.5   170   63.7   14.2   244   93.3   13.6  
36.   Other 4.14   25,888   3.2   170   43.6   14.1   594   81.3   14.3   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 4-8, 2008                          For immediate release
3. Commercial and industrial loans made by large domestic banks1                      September 18, 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 4.36   42,379   540   583   48.6   15.3   44.2   87.8   14.8  
 2.   Minimal risk 2.84   980   1,465   205   16.7   .3   15.9   27.2   9.8  
 3.   Low risk 3.50   4,656   613   633   43.6   18.6   39.4   84.0   10.9  
 4.   Moderate risk 4.24   16,020   619   435   29.9   14.4   35.2   87.3   14.6  
 5.   Other 5.00   13,157   593   720   75.0   9.5   51.7   97.9   18.3  
 
 6. Zero interval 4.57   15,027   279   718   63.6   14.7   72.7   91.3   11.0  
 7.   Minimal risk 4.26   160   381   376   69.4   1.8   72.9   90.1   14.8  
 8.   Low risk 3.91   1,537   322   1,074   72.1   7.0   45.5   87.7   12.1  
 9.   Moderate risk 4.63   5,297   294   721   59.9   13.7   69.4   96.9   12.5  
10.   Other 5.09   3,441   262   679   77.7   17.3   82.8   94.7   10.2  
 
11. Daily 3.17   7,347   1,981   692   5.4   20.9   36.2   55.8   19.4  
12.   Minimal risk 2.35   705   9,558   11   1.2   .0   1.4   1.6   8.2  
13.   Low risk 2.78   1,745   2,717   201   6.7   38.9   49.3   72.5   10.0  
14.   Moderate risk 3.25   3,637   1,911   212   2.3   17.2   31.6   56.9   29.4  
15.   Other 4.79   672   1,650   5,478   17.7   .0   84.0   100.0   6.3  
 
16. 2 to 30 days 4.44   8,004   610   244   37.4   10.5   11.4   95.8   13.6  
17.   Minimal risk 3.56   33   499   1,189   57.1   .0   32.3   98.3   8.2  
18.   Low risk 3.75   685   495   512   63.3   4.9   14.6   95.0   9.9  
19.   Moderate risk 4.68   4,311   1,191   205   15.8   8.1   2.7   94.5   10.4  
20.   Other 4.40   2,101   373   119   63.0   7.0   18.3   99.1   21.3  
 
21. 31 to 365 days 4.52   8,194   1,977   317   68.4   16.4   21.8   98.4   18.6  
22.   Minimal risk 3.96   74   873   1,567   26.1   .1   22.4   96.6   1.0  
23.   Low risk 3.87   516   968   606   51.2   7.5   14.6   95.1   10.5  
24.   Moderate risk 3.79   2,071   1,452   353   35.8   28.1   8.6   98.0   14.9  
25.   Other 5.06   4,848   2,851   201   89.7   9.2   29.2   99.6   22.0  
  Months  
26. More than 365 days 5.29   3,710   1,132   40   52.8   15.1   65.0   96.2   18.4  
27.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
28.   Low risk 5.21   131   711   46   55.2   3.7   72.9   93.3   14.0  
29.   Moderate risk 5.11   674   809   40   12.3   3.6   76.1   96.1   9.9  
30.   Other 5.39   2,076   1,849   37   66.9   2.9   76.4   97.1   23.5  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   3 - 99 5.07   1,537   3.4   53   83.7   11.8   73.1   92.3   8.6  
32.   100 - 999 4.80   7,038   3.3   113   72.6   12.5   69.0   94.7   11.8  
33.   1,000 - 9,999 4.40   13,116   3.4   167   56.8   16.3   48.9   92.4   15.5  
34.   10,000+ 4.13   20,687   3.3   127   32.5   15.9   30.5   82.1   16.1  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 4.86   18,717   3.5   164   59.8   15.9   333   95.0   14.6  
36.   Other 3.96   23,661   3.2   111   39.7   14.8   1,066   82.1   15.1   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 4-8, 2008                          For immediate release
4. Commercial and industrial loans made by small domestic banks1                      September 18, 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 5.81   5,346   98   999   86.1   5.0   58.3   79.1   6.1  
 2.   Minimal risk 5.25   211   73   739   91.2   3.6   9.3   56.7   2.7  
 3.   Low risk 6.01   716   132   1,061   87.4   2.0   67.4   90.6   3.4  
 4.   Moderate risk 5.82   2,293   95   1,014   86.2   6.0   58.9   86.1   4.9  
 5.   Other 5.62   1,530   108   1,032   80.7   6.0   64.8   84.3   10.1  
 
 6. Zero interval 5.52   1,997   95   534   83.9   3.9   92.3   86.7   8.6  
 7.   Minimal risk 4.98   12   58   381   77.8   .0   68.6   76.7   6.8  
 8.   Low risk 5.41   228   105   410   81.7   2.1   89.5   94.6   5.1  
 9.   Moderate risk 5.52   808   96   510   84.1   4.1   93.1   90.6   5.5  
10.   Other 5.64   763   89   656   82.5   5.1   97.0   88.2   13.8  
 
11. Daily 4.84   393   110   392   74.5   6.9   89.3   60.1   9.7  
12.   Minimal risk 3.20   29   273   235   97.4   23.4   6.0   8.1   4.3  
13.   Low risk 6.42   40   79   562   95.3   .0   82.0   53.6   14.2  
14.   Moderate risk 4.21   195   104   252   55.6   1.5   98.6   66.2   13.9  
15.   Other 5.63   115   113   415   90.9   15.0   96.0   71.9   2.7  
 
16. 2 to 30 days 5.38   748   138   584   86.0   6.0   50.0   94.5   5.4  
17.   Minimal risk 4.29   51   73   417   100.0   1.5   12.0   31.1   3.4  
18.   Low risk 5.89   129   171   826   95.9   .2   58.5   100.0   3.5  
19.   Moderate risk 5.45   296   136   354   89.5   14.4   73.6   99.3   5.4  
20.   Other 5.25   271   161   727   74.6   .6   27.0   98.5   6.4  
 
21. 31 to 365 days 6.12   747   50   543   83.7   1.9   23.5   80.4   5.3  
22.   Minimal risk 5.96   62   51   503   77.2   .0   5.5   77.5   3.6  
23.   Low risk 6.50   44   51   503   89.3   2.5   44.8   76.3   6.0  
24.   Moderate risk 6.41   364   51   411   94.4   3.0   14.9   93.6   3.5  
25.   Other 4.80   164   115   902   50.9   1.4   19.3   75.8   12.6  
  Months  
26. More than 365 days 6.55   1,435   155   71   93.5   7.1   25.7   65.3   1.4  
27.   Minimal risk 6.44   49   83   39   99.4   .0   .5   75.7   .7  
28.   Low risk 6.42   275   240   59   86.6   2.9   54.8   90.6   .5  
29.   Moderate risk 6.55   622   144   81   91.9   7.7   21.0   75.5   2.2  
30.   Other 6.62   209   157   102   99.3   13.3   15.6   68.0   .9  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   3 - 99 6.39   1,096   3.1   309   86.9   1.7   62.7   82.2   6.4  
32.   100 - 999 5.88   2,549   3.2   474   93.2   5.1   61.1   75.3   5.5  
33.   1,000 - 9,999 5.35   1,481   3.2   446   77.5   8.1   50.3   82.1   5.9  
34.   10,000+ ...   ...   ...   ...   ...   ...   ...   ...   ...  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 5.65   3,119   3.2   204   86.9   3.8   94   83.1   6.9  
36.   Other 6.05   2,227   3.0   803   85.0   6.7   104   73.6   4.8   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 4-8, 2008                              For immediate release
5. Commercial and industrial loans made by U.S. branches and agencies of foreign banks1   September 18, 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 2.98   42,582   8,021   376   11.8   49.8   3.1   69.8   4.6  
 2.   Minimal risk 2.73   2,074   7,314   368   8.2   81.4   .8   96.4   .5  
 3.   Low risk 2.49   9,095   10,899   104   4.0   90.9   6.0   79.9   2.4  
 4.   Moderate risk 2.98   8,581   6,193   215   34.7   83.1   1.7   38.1   10.1  
 5.   Other 3.05   7,208   6,147   198   14.5   39.7   3.3   38.6   5.4  
 
 6. Zero interval 5.01   1,242   1,173   1,454   66.1   16.8   43.5   100.0   11.1  
 7.   Minimal risk 4.90   167   1,961   1,361   10.0   2.4   10.0   100.0   2.8  
 8.   Low risk 3.93   180   891   631   42.9   56.1   41.8   100.0   12.2  
 9.   Moderate risk 5.12   211   663   835   71.8   4.8   42.6   100.0   22.0  
10.   Other 5.38   453   1,133   933   94.9   12.8   46.5   100.0   12.9  
 
11. Daily 2.58   22,516   20,139   140   1.8   52.9   3.0   58.9   3.4  
12.   Minimal risk 2.23   908   20,439   2   .2   99.8   .0   91.9   .0  
13.   Low risk 2.32   6,960   39,442   1   .0   91.8   6.7   75.9   .0  
14.   Moderate risk 2.56   3,987   15,224   13   7.4   76.5   .3   31.7   8.5  
15.   Other 2.57   4,647   22,673   3   1.2   20.3   .0   19.7   2.3  
 
16. 2 to 30 days 3.18   11,689   6,000   526   26.4   59.9   .6   73.1   4.3  
17.   Minimal risk 2.76   787   7,680   400   11.3   92.3   .0   100.0   .3  
18.   Low risk 2.86   1,400   4,361   282   17.3   93.0   .0   90.0   5.2  
19.   Moderate risk 3.15   3,915   7,979   367   57.6   95.3   .9   35.5   8.1  
20.   Other 3.35   992   2,913   324   29.0   93.8   2.4   62.4   5.1  
 
21. 31 to 365 days 3.52   6,848   6,151   681   10.0   26.5   .4   97.2   6.2  
22.   Minimal risk 3.04   211   4,762   1,082   30.0   24.1   .0   100.0   .8  
23.   Low risk 3.27   555   4,099   774   7.5   86.5   .0   98.8   15.5  
24.   Moderate risk 4.13   449   1,534   410   60.9   70.6   1.0   90.9   15.5  
25.   Other 3.66   860   4,367   430   28.6   78.7   .0   92.0   5.0  
  Months  
26. More than 365 days 4.33   276   5,516   41   10.1   97.7   .7   2.3   17.6  
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 4.74   19   3.0   57   53.6   36.2   55.9   95.0   15.5  
32.   100 - 999 4.16   733   3.1   28   40.7   41.2   25.3   92.1   14.9  
33.   1,000 - 9,999 3.48   7,054   3.1   30   23.3   42.7   6.4   84.5   8.8  
34.   10,000+ 2.85   34,776   2.8   23   8.9   51.4   1.9   66.3   3.2  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 4.42   1,312   2.7   4   35.3   43.3   1,281   99.8   8.4  
36.   Other 2.93   41,270   2.9   25   11.1   50.0   9,633   68.8   4.4   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 4-8, 2008                                   For immediate release
6. Commercial and industrial loans by date pricing terms were set and commitment status        September 18, 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 3.21   45,668   1,176   2.9   77   21.2   42.9   10.9  
 2.   Not under commitment 2.99   19,174   1,032   3.1   75   21.6   43.4   7.7  
 3.   Informal commitment 2.96   20,131   1,673   2.4   59   7.5   45.8   5.9  
 4.   Formal commitment 4.68   6,363   775   3.4   139   63.7   32.5   36.7  
    Before survey week9
 5.   Up to 90 days 4.85   11,164   379   3.1   116   37.7   21.4   43.0  
 6.   91 to 365 days 4.20   11,190   260   3.1   95   53.5   16.7   45.6  
 6.   More than 365 days 4.25   22,236   849   3.6   146   46.2   18.3   36.8  
 
Domestic banks
 8. During survey week 4.38   12,374   342   3.1   230   52.7   13.0   35.0  
 9.   Not under commitment 3.68   6,299   354   2.6   168   29.1   9.4   23.3  
10.   Informal commitment 5.66   1,452   139   2.7   671   89.5   4.4   47.7  
11.   Formal commitment 4.94   4,623   583   3.6   176   73.3   20.7   47.0  
    Before survey week9
12.   Up to 90 days 5.17   8,956   306   3.3   140   43.8   10.6   52.6  
13.   91 to 365 days 4.39   9,176   216   3.1   107   62.3   13.2   53.9  
14.   More than 365 days 4.35   17,169   704   3.7   175   52.3   17.3   45.4  
 
Large domestic banks
15. During survey week 3.88   9,565   850   3.1   106   41.1   14.9   29.6  
16.   Not under commitment 3.17   5,184   749   2.5   64   16.6   9.2   18.1  
17.   Informal commitment 4.46   438   199   2.6   122   69.2   2.5   40.9  
18.   Formal commitment 4.76   3,943   1,851   3.7   160   70.1   23.8   43.3  
    Before survey week9
19.   Up to 90 days 5.10   7,854   414   3.3   104   38.2   11.5   50.8  
20.   91 to 365 days 4.27   8,380   282   3.1   109   59.7   14.2   53.6  
21.   More than 365 days 4.32   16,571   898   3.7   178   52.1   17.9   44.7  
 
Small domestic banks
22. During survey week 6.08   2,810   113   2.9   655   92.3   6.7   53.6  
23.   Not under commitment 6.06   1,116   102   3.0   658   87.1   10.5   47.3  
24.   Informal commitment 6.18   1,013   123   2.7   907   98.3   5.2   50.6  
25.   Formal commitment 5.99   681   117   3.2   272   91.8   2.6   68.3  
    Before survey week9
26.   Up to 90 days 5.62   1,102   107   3.3   396   83.5   4.2   65.9  
27.   91 to 365 days 5.68   796   62   3.3   89   89.9   2.8   57.2  
28.   More than 365 days 5.04   598   101   3.6   99   55.6   1.9   65.7  
 
Foreign banks
29. During survey week 2.78   33,293   12,621   2.9   20   9.5   54.1   2.0  
30.   Not under commitment 2.65   12,875   16,729   3.4   30   17.9   60.0   .0  
31.   Informal commitment 2.76   18,679   11,761   2.3   11   1.1   49.1   2.7  
32.   Formal commitment 3.97   1,739   6,210   2.8   40   38.2   63.8   9.3  
    Before survey week9
33.   Up to 90 days 3.56   2,208   8,736   2.2   22   13.0   65.4   4.1  
34.   91 to 365 days 3.32   2,014   3,331   3.3   40   13.3   32.7   8.1  
35.   More than 365 days 3.90   5,067   2,794   3.0   46   25.6   21.7   7.8   
...  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 5.01   5.01   5.00   5.08   5.02  
Standard error of loan rate4 .16   .09   .12   .16   .25  

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: September 18, 2008