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

Release Date: March 17, 2009
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FEDERAL RESERVE STATISTICAL RELEASE




E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 2-6, 2009                        For immediate release
1. Commercial and industrial loans made by all commercial banks1                          March 17, 2009
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 2.34   95,617   862   507   34.8   33.2   18.3   77.6   8.4  
 2.   Minimal risk 1.54   5,416   2,140   283   5.6   48.0   4.4   67.5   2.1  
 3.   Low risk 1.99   11,221   971   431   37.7   48.9   18.6   78.9   7.9  
 4.   Moderate risk 2.39   22,314   558   402   47.4   41.0   30.5   69.4   13.1  
 5.   Other 2.92   27,201   844   520   52.6   34.2   18.8   75.0   6.9  
 
 6. Zero interval 3.18   17,801   284   637   53.1   8.7   62.4   91.8   12.1  
 7.   Minimal risk 3.46   894   1,273   716   14.2   2.1   14.0   98.5   5.1  
 8.   Low risk 2.74   1,993   351   808   52.6   8.6   51.7   83.7   13.6  
 9.   Moderate risk 2.93   5,949   279   589   53.5   6.0   68.0   92.9   15.0  
10.   Other 3.74   5,607   283   610   56.6   6.8   63.8   93.9   9.8  
 
11. Daily 1.67   26,699   3,540   192   24.8   57.3   5.8   46.3   5.6  
12.   Minimal risk .98   3,080   15,740   11   .2   72.2   .2   47.6   .0  
13.   Low risk 1.35   2,953   3,225   30   8.3   75.7   6.4   53.6   1.4  
14.   Moderate risk 1.42   6,643   1,890   127   37.0   80.3   15.1   31.5   5.6  
15.   Other 2.05   9,037   4,534   184   42.5   47.9   2.3   39.0   2.2  
 
16. 2 to 30 days 1.79   32,316   1,677   562   24.7   34.2   4.5   87.6   8.0  
17.   Minimal risk 1.35   1,304   3,107   584   8.6   26.8   3.0   90.7   2.0  
18.   Low risk 1.33   4,116   1,680   384   29.8   70.4   3.3   87.6   8.6  
19.   Moderate risk 2.02   5,906   943   374   40.7   49.9   12.4   75.3   18.1  
20.   Other 2.42   6,640   987   647   53.6   54.6   3.5   87.3   8.4  
 
21. 31 to 365 days 3.40   13,291   1,125   602   46.4   14.9   11.1   91.6   6.3  
22.   Minimal risk 3.60   104   104   215   48.9   .8   37.7   92.6   2.6  
23.   Low risk 3.04   1,155   758   465   84.1   13.8   23.8   96.0   9.4  
24.   Moderate risk 3.57   2,657   560   408   65.5   15.8   15.7   91.1   8.4  
25.   Other 3.85   4,725   2,582   759   64.3   18.9   8.9   99.2   5.0  
  Months  
26. More than 365 days 3.59   5,406   599   37   55.7   35.1   35.9   92.1   10.5  
27.   Minimal risk 1.87   32   173   47   23.2   8.2   84.0   97.0   11.7  
28.   Low risk 3.98   986   1,237   33   74.2   2.0   45.9   88.9   3.7  
29.   Moderate risk 4.29   1,126   282   40   68.1   8.3   53.8   85.9   7.9  
30.   Other 4.74   1,163   676   35   57.9   5.1   57.8   95.4   6.0  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   3 - 99 4.18   2,309   3.3   122   85.9   8.6   70.5   86.9   8.2  
32.   100 - 999 3.58   9,214   3.3   162   73.1   13.7   60.4   90.7   12.1  
33.   1,000 - 9,999 2.57   20,601   3.1   131   46.3   25.7   28.8   89.7   13.1  
34.   10,000+ 2.02   63,493   3.2   62   23.7   39.4   6.9   71.5   5.8  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 3.60   17,538   3.3   122   60.0   7.4   241   93.2   12.4  
36.   Other 2.06   78,079   3.2   80   29.2   39.0   2,050   74.2   7.3   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 2-6, 2009                        For immediate release
2. Commercial and industrial loans made by domestic banks1                                March 17, 2009
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 3.15   41,737   396   591   53.0   12.6   38.4   88.9   10.1  
 2.   Minimal risk 2.33   1,235   547   198   23.3   3.1   19.2   40.9   11.3  
 3.   Low risk 2.85   5,587   518   661   67.3   10.5   32.4   86.4   9.4  
 4.   Moderate risk 3.04   13,206   341   584   56.3   11.6   45.5   90.1   12.2  
 5.   Other 3.65   14,554   471   603   48.6   9.2   33.9   96.9   7.5  
 
 6. Zero interval 3.12   15,794   256   618   56.6   9.0   64.2   91.1   11.6  
 7.   Minimal risk 2.96   202   336   495   58.9   .6   62.0   93.3   14.7  
 8.   Low risk 2.59   1,658   302   790   60.2   8.6   47.1   80.4   12.8  
 9.   Moderate risk 2.84   5,355   255   565   55.5   6.6   65.4   92.2   13.5  
10.   Other 3.74   5,245   269   603   56.0   5.8   65.4   94.7   9.2  
 
11. Daily 3.31   5,877   889   452   10.4   4.4   24.6   79.1   3.7  
12.   Minimal risk 1.95   709   4,881   20   .8   .0   .9   .9   4.8  
13.   Low risk 2.97   509   637   220   20.9   19.1   37.1   58.5   2.6  
14.   Moderate risk 3.07   1,368   414   592   20.5   11.1   70.9   90.9   8.6  
15.   Other 3.89   3,075   1,803   542   4.8   .2   6.7   98.2   1.4  
 
16. 2 to 30 days 2.36   8,821   535   475   61.6   27.4   12.4   89.7   13.7  
17.   Minimal risk 2.50   187   611   361   54.9   18.5   20.6   97.9   12.3  
18.   Low risk 2.08   1,402   688   485   69.1   21.1   7.7   95.8   10.9  
19.   Moderate risk 2.42   3,067   546   547   58.8   26.4   16.7   85.2   16.5  
20.   Other 2.72   2,532   410   433   75.4   28.9   8.1   98.2   13.2  
 
21. 31 to 365 days 3.45   7,037   622   474   61.5   7.8   19.7   90.7   8.1  
22.   Minimal risk 3.61   103   104   215   49.5   .7   38.1   92.5   2.6  
23.   Low risk 3.19   1,013   687   501   94.0   2.0   27.1   95.5   10.1  
24.   Moderate risk 3.74   2,256   484   344   70.3   5.7   18.5   93.6   8.0  
25.   Other 3.62   2,519   1,491   629   54.5   9.5   16.6   99.6   6.3  
  Months  
26. More than 365 days 4.23   4,120   469   37   66.0   15.1   47.1   89.6   8.1  
27.   Minimal risk 1.87   32   173   47   23.2   8.2   84.0   97.0   11.7  
28.   Low risk 3.98   986   1,237   33   74.2   2.0   45.9   88.9   3.7  
29.   Moderate risk 4.29   1,126   282   40   68.1   8.3   53.8   85.9   7.9  
30.   Other 4.73   1,153   678   35   58.4   5.1   58.3   95.4   5.9  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   3 - 99 4.19   2,291   3.3   123   86.1   8.4   70.6   86.8   8.1  
32.   100 - 999 3.68   8,443   3.3   173   76.6   11.4   63.6   90.5   11.4  
33.   1,000 - 9,999 3.02   12,392   3.2   170   60.5   15.1   42.3   91.9   14.2  
34.   10,000+ 2.88   18,612   3.4   108   33.1   12.1   20.4   86.4   6.9  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 3.60   16,020   3.3   133   63.3   7.6   223   92.7   10.8  
36.   Other 2.88   25,717   3.3   145   46.5   15.8   765   86.5   9.7   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 2-6, 2009                        For immediate release
3. Commercial and industrial loans made by large domestic banks1                          March 17, 2009
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 2.89   36,240   564   547   48.4   13.7   35.8   89.5   10.7  
 2.   Minimal risk 2.16   1,148   1,521   173   19.8   3.1   16.4   37.5   11.3  
 3.   Low risk 2.46   4,575   698   610   64.9   12.4   32.4   85.5   10.1  
 4.   Moderate risk 2.66   11,145   543   530   50.6   12.5   45.3   90.9   13.4  
 5.   Other 3.50   12,635   683   562   44.1   9.4   26.8   98.8   7.4  
 
 6. Zero interval 2.88   13,410   320   604   53.8   9.7   61.2   91.6   12.0  
 7.   Minimal risk 2.75   163   363   415   65.2   .3   54.0   92.0   13.6  
 8.   Low risk 2.29   1,444   399   772   59.9   8.7   40.9   78.9   13.1  
 9.   Moderate risk 2.58   4,550   358   575   51.4   7.5   65.2   91.7   14.7  
10.   Other 3.53   4,023   361   544   51.8   5.2   57.3   97.9   8.8  
 
11. Daily 3.23   5,513   1,707   458   5.0   3.5   20.3   78.8   3.6  
12.   Minimal risk 1.95   708   7,785   20   .7   .0   .8   .8   4.1  
13.   Low risk 2.50   439   1,101   192   8.9   22.1   27.6   52.1   2.1  
14.   Moderate risk 2.91   1,202   762   625   9.8   7.5   70.0   89.9   9.0  
15.   Other 3.87   2,948   5,143   548   1.5   .0   2.7   100.0   1.4  
 
16. 2 to 30 days 2.22   8,212   650   397   60.4   29.0   9.3   89.4   14.0  
17.   Minimal risk 2.33   173   3,095   370   51.6   19.6   17.9   99.7   12.8  
18.   Low risk 1.84   1,235   809   377   74.3   23.9   5.2   95.8   10.2  
19.   Moderate risk 2.20   2,801   760   401   55.5   28.5   12.6   84.6   17.3  
20.   Other 2.64   2,371   463   388   73.9   30.1   3.4   98.2   13.5  
 
21. 31 to 365 days 3.11   5,963   1,773   487   55.9   8.9   17.2   91.8   9.1  
22.   Minimal risk 2.78   73   626   192   28.8   .0   51.7   98.9   2.8  
23.   Low risk 3.09   872   1,390   523   93.0   2.3   30.0   96.1   10.8  
24.   Moderate risk 3.02   1,720   1,241   344   64.0   6.5   18.7   97.6   9.9  
25.   Other 3.54   2,316   2,430   635   51.4   10.2   11.3   99.8   6.6  
  Months  
26. More than 365 days 3.64   3,066   1,098   32   55.4   17.4   60.6   95.7   10.0  
27.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
28.   Low risk 3.29   573   1,680   34   58.4   3.1   77.7   90.9   6.2  
29.   Moderate risk 3.50   839   774   31   58.8   5.4   67.2   94.3   9.0  
30.   Other 4.31   947   1,635   29   49.8   3.0   68.3   97.9   6.8  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   3 - 99 3.41   1,376   3.4   50   84.4   11.8   72.4   89.2   8.8  
32.   100 - 999 3.20   6,202   3.3   102   72.5   13.2   66.5   93.9   12.8  
33.   1,000 - 9,999 2.69   10,381   3.2   142   56.4   16.5   41.5   92.8   15.9  
34.   10,000+ 2.85   18,281   3.4   110   33.0   12.3   19.5   86.1   6.9  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 3.36   12,983   3.3   148   60.4   8.0   290   94.0   11.4  
36.   Other 2.62   23,257   3.4   98   41.7   16.8   1,199   87.0   10.2   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 2-6, 2009                        For immediate release
4. Commercial and industrial loans made by small domestic banks1                          March 17, 2009
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 4.90   5,497   133   879   82.9   5.9   55.3   84.9   6.3  
 2.   Minimal risk 4.63   87   58   542   69.0   2.9   56.0   86.5   11.6  
 3.   Low risk 4.61   1,012   239   885   78.4   1.9   32.3   90.4   6.3  
 4.   Moderate risk 5.13   2,061   113   888   87.6   7.0   46.7   86.1   5.0  
 5.   Other 4.64   1,918   155   880   77.8   7.8   81.1   85.0   8.2  
 
 6. Zero interval 4.44   2,384   120   695   72.3   5.1   80.9   88.5   9.2  
 7.   Minimal risk 3.81   39   257   801   32.4   1.8   95.6   98.7   18.6  
 8.   Low risk 4.66   214   114   907   62.4   7.6   88.8   90.2   11.3  
 9.   Moderate risk 4.33   805   97   502   78.8   1.3   66.8   94.6   7.0  
10.   Other 4.44   1,221   146   797   69.5   7.7   92.2   84.2   10.6  
 
11. Daily 4.57   365   108   365   92.0   18.2   88.7   84.1   5.0  
12.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
13.   Low risk 5.94   70   174   342   97.3   .0   97.5   98.7   4.3  
14.   Moderate risk 4.22   166   96   368   98.1   36.7   77.8   98.0   6.0  
15.   Other 4.29   128   113   378   81.0   4.1   98.1   58.2   3.3  
 
16. 2 to 30 days 4.32   609   158   1,490   77.4   4.3   54.8   93.8   10.3  
17.   Minimal risk 4.68   14   54   234   96.1   .0   56.2   73.8   5.0  
18.   Low risk 3.93   167   327   1,176   31.0   .6   26.1   96.2   15.8  
19.   Moderate risk 4.78   266   138   2,050   93.5   2.7   59.1   90.8   7.8  
20.   Other 3.90   161   153   1,054   97.3   11.0   77.6   98.1   9.2  
 
21. 31 to 365 days 5.38   1,074   135   399   93.0   1.8   33.6   84.8   1.9  
22.   Minimal risk 5.65   30   34   271   99.7   2.5   5.2   77.0   2.0  
23.   Low risk 3.78   142   167   199   99.6   .0   9.1   91.9   5.7  
24.   Moderate risk 6.02   536   164   344   90.5   3.1   17.7   80.7   .7  
25.   Other 4.55   202   275   558   89.5   .9   76.8   97.2   3.1  
  Months  
26. More than 365 days 5.94   1,054   176   50   96.8   8.5   7.9   72.0   .9  
27.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
28.   Low risk 4.94   413   906   31   96.2   .5   1.8   86.0   .1  
29.   Moderate risk 6.57   287   99   66   95.5   16.8   14.8   61.2   2.6  
30.   Other 6.69   206   184   58   98.0   14.8   12.1   83.7   1.0  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   3 - 99 5.36   915   3.2   232   88.8   3.1   67.9   83.2   7.0  
32.   100 - 999 4.99   2,241   3.2   367   87.7   6.3   55.7   81.3   6.8  
33.   1,000 - 9,999 4.73   2,011   3.1   311   81.5   7.6   46.5   87.3   5.1  
34.   10,000+ ...   ...   ...   ...   ...   ...   ...   ...   ...  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 4.61   3,037   3.4   71   75.6   5.6   112   87.3   7.9  
36.   Other 5.27   2,460   2.8   588   91.8   6.2   173   82.0   4.1   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 2-6, 2009                            For immediate release
5. Commercial and industrial loans made by U.S. branches and agencies of foreign banks1       March 17, 2009
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 1.72   53,880   9,958   447   20.8   49.2   2.8   68.9   6.7  
 2.   Minimal risk 1.30   4,181   15,169   308   .4   61.2   .0   75.4   .6  
 3.   Low risk 1.14   5,634   7,309   227   8.3   87.1   4.9   71.4   6.1  
 4.   Moderate risk 1.43   9,109   7,100   153   34.4   83.6   8.8   39.4   16.2  
 5.   Other 2.08   12,647   9,485   430   57.3   62.9   1.4   49.7   5.4  
 
 6. Zero interval 3.67   2,007   2,073   777   25.3   6.4   48.3   96.7   15.7  
 7.   Minimal risk 3.61   691   6,855   774   1.1   2.5   .0   100.0   2.5  
 8.   Low risk 3.45   335   1,719   882   14.8   8.7   74.9   100.0   16.9  
 9.   Moderate risk 3.75   594   1,786   793   35.7   .8   91.7   100.0   27.2  
10.   Other 3.74   362   1,089   709   65.8   21.2   41.1   81.5   20.5  
 
11. Daily 1.21   20,821   22,443   123   28.9   72.2   .5   37.0   6.8  
12.   Minimal risk .69   2,371   47,026   8   .0   93.8   .0   61.5   .0  
13.   Low risk 1.01   2,444   20,972   1   5.7   87.5   .0   52.5   1.2  
14.   Moderate risk .99   5,274   25,308   20   41.2   98.3   .6   16.1   1.1  
15.   Other 1.10   5,961   20,783   3   62.0   72.6   .0   8.4   7.2  
 
16. 2 to 30 days 1.57   23,495   8,483   592   10.8   36.7   1.5   86.8   5.8  
17.   Minimal risk 1.16   1,117   9,775   622   .9   28.2   .0   89.5   .1  
18.   Low risk .94   2,714   6,582   339   9.5   95.8   1.0   83.4   7.3  
19.   Moderate risk 1.60   2,839   4,376   192   21.1   75.2   7.8   64.6   20.4  
20.   Other 2.24   4,108   7,437   768   40.2   70.4   .6   80.5   4.9  
 
21. 31 to 365 days 3.34   6,254   12,514   740   29.4   22.9   1.5   92.7   4.3  
22.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
23.   Low risk 1.95   142   3,008   239   13.6   98.8   .0   100.0   4.5  
24.   Moderate risk 2.64   401   4,472   763   38.1   72.8   .3   77.5   11.2  
25.   Other 4.12   2,206   15,625   907   75.5   29.7   .2   98.6   3.6  
  Months  
26. More than 365 days 1.54   1,286   5,313   36   22.6   99.0   .0   100.0   17.2  
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 3.43   18   3.2   50   48.7   34.8   56.9   96.5   21.6  
32.   100 - 999 2.49   771   3.2   51   34.6   38.9   25.8   92.8   19.6  
33.   1,000 - 9,999 1.90   8,209   3.1   73   24.9   41.7   8.6   86.3   11.4  
34.   10,000+ 1.67   44,882   3.1   42   19.8   50.7   1.3   65.3   5.2  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 3.65   1,518   3.0   9   25.5   5.2   1,630   98.3   28.3  
36.   Other 1.66   52,362   3.1   48   20.6   50.4   11,689   68.1   5.8   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 2-6, 2009                                 For immediate release
6. Commercial and industrial loans by date pricing terms were set and commitment status            March 17, 2009
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 1.81   49,341   1,586   3.0   53   28.6   44.5   7.3  
 2.   Not under commitment 1.39   21,372   1,438   3.1   42   36.6   73.8   5.6  
 3.   Informal commitment 1.79   20,924   1,892   2.4   53   9.3   26.7   4.1  
 4.   Formal commitment 3.12   7,044   1,358   3.5   86   62.1   8.4   21.9  
    Before survey week9
 5.   Up to 90 days 3.48   14,369   824   3.6   95   28.2   22.7   19.2  
 6.   91 to 365 days 2.95   12,435   304   3.1   141   61.0   16.8   44.6  
 6.   More than 365 days 2.48   19,460   914   3.2   136   38.6   22.9   28.9  
 
Domestic banks
 8. During survey week 3.33   9,959   349   3.0   182   57.7   14.7   35.1  
 9.   Not under commitment 2.72   4,635   329   2.5   167   38.1   16.7   25.2  
10.   Informal commitment 4.71   2,102   222   2.9   321   89.5   4.6   39.3  
11.   Formal commitment 3.33   3,222   649   3.6   111   65.0   18.5   46.5  
    Before survey week9
12.   Up to 90 days 3.56   11,028   640   3.7   115   29.9   7.2   24.0  
13.   91 to 365 days 3.17   9,886   244   3.2   145   72.7   9.7   55.2  
14.   More than 365 days 2.55   10,852   569   3.2   124   54.1   18.9   40.8  
 
Large domestic banks
15. During survey week 2.43   7,010   678   2.9   91   43.4   17.0   31.1  
16.   Not under commitment 2.06   3,806   580   2.3   85   27.6   16.5   20.6  
17.   Informal commitment 3.32   753   312   3.2   165   78.4   4.2   60.0  
18.   Formal commitment 2.73   2,451   1,799   3.6   76   57.0   21.7   38.7  
    Before survey week9
19.   Up to 90 days 3.47   10,499   938   3.7   96   27.0   7.5   22.2  
20.   91 to 365 days 3.04   8,704   310   3.2   159   71.2   10.8   52.7  
21.   More than 365 days 2.46   10,018   690   3.2   116   54.6   20.3   38.7  
 
Small domestic banks
22. During survey week 5.49   2,949   162   3.1   397   91.7   9.2   44.4  
23.   Not under commitment 5.73   829   110   3.3   543   86.2   17.6   46.5  
24.   Informal commitment 5.49   1,349   191   2.7   408   95.8   4.8   27.8  
25.   Formal commitment 5.21   771   214   3.4   221   90.4   8.0   71.3  
    Before survey week9
26.   Up to 90 days 5.24   529   88   3.4   486   87.6   2.7   58.0  
27.   91 to 365 days 4.18   1,182   95   3.3   43   83.7   2.1   73.5  
28.   More than 365 days 3.65   834   184   3.2   220   47.5   1.6   66.0  
 
Foreign banks
29. During survey week 1.42   39,382   15,242   3.0   21   21.3   52.0   .3  
30.   Not under commitment 1.02   16,737   21,493   3.2   7   36.1   89.6   .2  
31.   Informal commitment 1.47   18,822   11,889   2.3   24   .3   29.2   .2  
32.   Formal commitment 2.95   3,823   17,231   3.4   65   59.6   .0   1.1  
    Before survey week9
33.   Up to 90 days 3.20   3,341   15,293   3.4   30   22.6   73.8   3.5  
34.   91 to 365 days 2.07   2,549   6,771   2.7   128   15.5   44.5   3.9  
35.   More than 365 days 2.39   8,608   3,857   3.1   150   19.1   28.0   13.9   
...  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 3.34   3.35   3.27   3.68   3.21  
Standard error of loan rate4 .09   .12   .14   .13   .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.

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Last update: March 17, 2009