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, 2009
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FEDERAL RESERVE STATISTICAL RELEASE




E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 3-7, 2009                          For immediate release
1. Commercial and industrial loans made by all commercial banks1                      September 18, 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 2.53   68,616   687   500   35.7   38.5   23.5   77.3   12.8  
 2.   Minimal risk 1.56   2,097   956   252   13.1   38.8   7.6   50.4   6.3  
 3.   Low risk 1.94   8,389   805   330   31.5   58.2   22.0   80.1   13.9  
 4.   Moderate risk 2.83   21,795   586   620   45.5   53.8   34.8   63.3   14.9  
 5.   Other 2.87   16,008   509   288   53.7   34.5   24.6   72.7   15.5  
 
 6. Zero interval 3.32   12,145   226   563   61.4   14.3   66.7   91.5   14.6  
 7.   Minimal risk 1.88   205   357   665   37.4   9.5   27.7   90.4   13.6  
 8.   Low risk 2.94   1,090   215   593   53.9   9.5   56.1   85.5   16.4  
 9.   Moderate risk 3.24   4,765   253   588   55.6   15.3   57.2   94.7   15.7  
10.   Other 3.90   3,714   208   528   70.7   11.1   73.2   95.3   14.3  
 
11. Daily 1.36   13,381   2,612   105   25.1   57.9   8.2   36.2   8.7  
12.   Minimal risk 1.32   768   4,787   17   2.4   42.4   2.8   6.3   2.3  
13.   Low risk 1.24   1,602   3,086   39   4.2   83.7   5.0   74.4   1.8  
14.   Moderate risk 1.21   5,265   2,045   72   52.1   86.2   12.5   21.0   9.7  
15.   Other 1.41   4,092   3,160   35   11.5   37.3   4.6   20.8   7.5  
 
16. 2 to 30 days 2.49   19,326   931   657   29.0   46.4   20.9   78.4   12.3  
17.   Minimal risk 1.17   549   3,112   146   13.0   68.1   .2   59.0   7.2  
18.   Low risk 1.38   2,078   858   239   33.8   71.0   8.2   88.0   15.5  
19.   Moderate risk 3.46   7,146   979   1,037   30.0   69.1   45.3   57.3   14.9  
20.   Other 2.81   3,576   450   159   63.2   53.3   10.4   82.7   17.0  
 
21. 31 to 365 days 2.61   19,916   1,671   470   30.0   31.6   8.1   92.6   12.7  
22.   Minimal risk 2.01   537   614   497   14.0   16.8   14.7   87.2   3.2  
23.   Low risk 2.03   3,151   1,833   354   33.7   56.8   20.7   79.1   17.3  
24.   Moderate risk 2.91   3,658   821   443   54.7   37.6   14.5   88.6   17.6  
25.   Other 3.04   3,869   1,494   300   69.5   39.5   5.5   92.4   18.8  
  Months  
26. More than 365 days 3.71   3,504   441   37   57.7   45.2   35.3   89.5   15.7  
27.   Minimal risk 4.21   36   101   29   88.0   12.2   2.5   79.6   5.0  
28.   Low risk 3.99   422   664   37   43.4   30.3   67.6   54.6   10.8  
29.   Moderate risk 4.93   922   239   44   39.1   13.1   45.2   90.1   7.1  
30.   Other 5.19   725   438   38   71.0   17.2   58.3   93.5   7.1  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   7.5 - 99 4.46   2,225   3.3   144   87.6   8.5   64.0   83.7   8.0  
32.   100 - 999 3.80   7,805   3.3   113   73.6   15.5   57.7   89.4   12.4  
33.   1,000 - 9,999 2.54   17,099   3.3   116   46.9   35.0   27.1   90.7   16.4  
34.   10,000+ 2.19   41,487   3.1   61   21.2   45.9   13.5   69.1   11.2  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 3.99   16,153   3.2   80   48.3   30.7   265   75.7   14.7  
36.   Other 2.08   52,464   3.2   84   31.9   40.9   1,348   77.7   12.2   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 3-7, 2009                          For immediate release
2. Commercial and industrial loans made by domestic banks1                            September 18, 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 3.40   31,675   332   651   54.2   26.2   48.7   80.4   14.7  
 2.   Minimal risk 2.12   912   456   220   20.9   3.2   17.5   49.5   8.8  
 3.   Low risk 2.46   4,347   448   454   40.6   25.4   39.6   67.6   14.8  
 4.   Moderate risk 3.65   14,116   390   882   44.5   34.5   52.3   76.3   14.2  
 5.   Other 3.85   8,260   274   462   79.3   12.3   44.8   94.2   15.7  
 
 6. Zero interval 3.30   11,542   217   560   62.5   14.6   66.6   91.1   14.2  
 7.   Minimal risk 1.80   176   337   619   43.3   11.0   32.3   88.8   13.0  
 8.   Low risk 2.97   972   197   593   57.6   8.5   54.7   83.8   14.8  
 9.   Moderate risk 3.24   4,524   243   583   57.0   16.1   57.0   94.4   15.3  
10.   Other 3.85   3,498   199   530   70.9   11.0   72.3   95.0   14.0  
 
11. Daily 2.87   1,917   440   343   20.8   14.5   51.0   62.2   9.6  
12.   Minimal risk 1.80   417   3,124   11   1.6   .0   5.2   5.4   4.9  
13.   Low risk 2.62   399   929   131   10.6   38.3   20.0   29.0   11.2  
14.   Moderate risk 3.05   771   320   639   20.2   12.3   82.8   99.0   10.1  
15.   Other 4.40   245   251   827   56.0   3.8   75.7   87.7   5.2  
 
16. 2 to 30 days 3.67   8,318   430   956   45.8   44.5   48.0   64.2   14.4  
17.   Minimal risk 2.83   117   891   271   3.9   .4   .7   99.9   6.4  
18.   Low risk 2.00   696   309   499   52.4   23.9   24.6   83.0   14.8  
19.   Moderate risk 4.16   5,098   728   1,327   28.5   59.9   63.3   48.1   12.8  
20.   Other 3.39   1,794   238   234   87.4   11.6   19.3   89.1   17.9  
 
21. 31 to 365 days 2.95   7,338   694   340   60.0   27.6   20.8   85.1   18.2  
22.   Minimal risk 2.21   169   208   186   41.3   5.0   46.8   77.1   8.1  
23.   Low risk 2.00   1,861   1,297   304   33.3   31.2   35.0   64.7   15.9  
24.   Moderate risk 3.14   2,775   658   446   62.1   30.7   18.6   88.1   17.4  
25.   Other 3.71   1,991   869   249   92.3   14.6   10.6   98.5   20.9  
  Months  
26. More than 365 days 4.65   2,514   326   39   52.5   23.8   49.0   85.4   10.1  
27.   Minimal risk 4.71   32   89   28   100.0   .2   2.9   76.8   .9  
28.   Low risk 3.99   414   654   36   42.2   28.9   69.0   53.7   11.2  
29.   Moderate risk 4.93   922   239   44   39.1   13.1   45.2   90.1   7.1  
30.   Other 5.19   719   440   38   71.3   17.0   58.4   93.4   7.0  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   7.5 - 99 4.46   2,210   3.3   145   87.8   8.5   64.0   83.6   7.9  
32.   100 - 999 3.90   7,201   3.3   118   76.7   13.3   60.7   89.2   11.8  
33.   1,000 - 9,999 2.98   10,059   3.3   143   56.7   23.2   40.8   92.9   16.3  
34.   10,000+ 3.25   12,205   2.9   103   32.8   39.6   45.4   64.3   16.6  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 3.99   15,433   3.2   83   48.6   31.2   256   74.7   13.8  
36.   Other 2.84   16,242   3.1   159   59.5   21.4   462   85.8   15.4   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 3-7, 2009                          For immediate release
3. Commercial and industrial loans made by large domestic banks1                      September 18, 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 3.21   28,376   474   641   50.7   28.6   47.1   79.9   15.7  
 2.   Minimal risk 1.82   825   1,646   196   12.6   3.0   16.5   47.1   9.8  
 3.   Low risk 2.16   3,946   695   421   35.9   26.7   38.1   65.7   16.1  
 4.   Moderate risk 3.47   12,465   655   889   39.2   38.3   51.4   75.2   15.5  
 5.   Other 3.72   7,278   356   441   79.2   13.4   39.6   95.3   16.5  
 
 6. Zero interval 3.07   9,841   273   589   59.8   16.8   63.2   91.3   15.3  
 7.   Minimal risk 1.57   156   501   661   36.1   12.5   23.8   92.3   13.3  
 8.   Low risk 2.60   821   264   616   54.6   9.0   48.2   80.9   16.3  
 9.   Moderate risk 2.95   3,752   333   620   52.4   19.0   51.3   95.8   16.8  
10.   Other 3.69   2,840   258   558   70.3   13.4   66.7   95.8   15.1  
 
11. Daily 2.69   1,729   833   257   13.5   15.8   46.7   59.9   10.4  
12.   Minimal risk 1.79   415   5,851   10   1.1   .0   4.7   4.9   5.1  
13.   Low risk 2.55   378   2,544   113   6.0   40.4   15.9   25.1   12.3  
14.   Moderate risk 2.82   668   671   449   9.7   13.6   82.6   99.5   11.1  
15.   Other 4.36   183   405   1,001   46.1   4.7   67.9   97.8   5.4  
 
16. 2 to 30 days 3.63   7,916   505   980   43.1   46.5   47.5   62.5   15.2  
17.   Minimal risk 2.78   115   2,565   275   2.2   .4   .3   99.9   6.5  
18.   Low risk 1.88   669   363   508   50.5   24.8   24.7   82.4   15.2  
19.   Moderate risk 4.15   4,823   1,004   1,368   24.5   63.0   63.7   45.5   14.1  
20.   Other 3.33   1,699   256   229   86.7   12.1   15.9   88.5   18.4  
 
21. 31 to 365 days 2.75   6,824   1,856   337   58.4   29.3   20.3   86.1   19.0  
22.   Minimal risk 1.37   135   2,510   160   26.8   3.4   57.8   78.2   9.7  
23.   Low risk 1.79   1,761   4,161   308   30.0   32.8   35.0   64.6   16.6  
24.   Moderate risk 2.88   2,509   1,981   452   61.2   33.4   18.4   89.6   18.4  
25.   Other 3.67   1,929   1,277   243   92.2   15.0   9.0   99.4   21.0  
  Months  
26. More than 365 days 4.22   2,031   917   31   42.3   24.1   58.4   89.5   11.6  
27.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
28.   Low risk 3.21   315   2,673   27   24.0   26.6   84.1   46.0   16.9  
29.   Moderate risk 4.40   694   1,039   31   19.7   10.7   57.0   96.3   8.3  
30.   Other 4.95   615   754   32   68.1   15.3   67.8   98.4   7.7  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   7.5 - 99 3.81   1,336   3.5   46   86.2   12.1   66.2   84.5   9.0  
32.   100 - 999 3.51   5,510   3.4   81   74.2   15.8   59.5   90.7   13.5  
33.   1,000 - 9,999 2.89   9,354   3.3   122   55.4   24.2   39.4   93.4   17.0  
34.   10,000+ 3.25   12,176   2.9   103   32.7   39.7   45.2   64.2   16.6  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 3.86   13,356   3.2   88   43.5   35.7   350   72.9   15.0  
36.   Other 2.62   15,019   3.1   115   57.2   22.3   692   86.1   16.3   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 3-7, 2009                          For immediate release
4. Commercial and industrial loans made by small domestic banks1                      September 18, 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 5.02   3,300   93   732   84.1   5.5   62.9   84.5   6.2  
 2.   Minimal risk 4.90   87   58   454   99.6   4.5   26.7   72.4   2.6  
 3.   Low risk 5.41   400   99   781   87.2   12.0   54.6   85.9   5.2  
 4.   Moderate risk 4.99   1,651   96   827   84.1   5.8   59.3   85.2   5.6  
 5.   Other 4.82   981   102   622   79.8   3.5   83.0   85.9   8.6  
 
 6. Zero interval 4.65   1,701   100   382   77.7   1.6   86.6   90.1   7.9  
 7.   Minimal risk 3.62   20   95   293   99.1   .0   98.0   61.8   9.4  
 8.   Low risk 4.94   151   83   477   73.4   5.8   90.1   99.3   8.1  
 9.   Moderate risk 4.63   773   105   359   78.8   2.1   84.7   88.1   7.7  
10.   Other 4.59   659   100   401   73.7   .5   96.6   91.3   8.8  
 
11. Daily 4.49   188   83   964   88.1   2.8   90.3   83.8   4.0  
12.   Minimal risk 4.30   2   36   277   100.0   .0   89.3   100.0   3.3  
13.   Low risk 3.92   21   74   473   93.6   .4   95.0   100.0   6.3  
14.   Moderate risk 4.59   103   73   1,330   88.5   4.4   84.2   95.6   3.4  
15.   Other 4.54   62   118   533   85.2   1.2   98.9   58.0   4.5  
 
16. 2 to 30 days 4.41   403   110   516   98.2   3.9   59.0   96.6   4.7  
17.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
18.   Low risk 4.85   27   66   293   98.5   .4   21.6   98.5   5.6  
19.   Moderate risk 4.27   275   125   618   97.8   5.2   56.1   95.4   2.5  
20.   Other 4.52   95   105   325   99.2   1.2   81.0   99.4   10.7  
 
21. 31 to 365 days 5.63   514   75   381   81.6   4.1   27.6   71.4   6.1  
22.   Minimal risk 5.58   34   45   298   99.4   11.6   3.0   72.8   .9  
23.   Low risk 5.58   101   99   232   90.7   3.0   35.6   66.9   3.9  
24.   Moderate risk 5.61   266   90   388   70.9   5.0   20.8   73.8   6.2  
25.   Other 5.10   61   78   425   93.4   1.3   61.1   71.9   16.5  
  Months  
26. More than 365 days 6.44   484   88   71   95.6   22.9   9.9   68.3   1.3  
27.   Minimal risk 4.98   28   81   26   100.0   .0   .0   74.1   .0  
28.   Low risk 6.47   99   192   62   100.0   36.3   21.0   78.2   .5  
29.   Moderate risk 6.54   227   71   85   98.3   20.5   9.2   71.2   2.2  
30.   Other 6.57   104   127   72   89.7   26.9   2.9   64.1   .5  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   7.5 - 99 5.47   873   3.1   296   90.3   3.0   60.8   82.3   6.2  
32.   100 - 999 5.17   1,691   3.2   240   85.0   5.1   64.7   84.3   5.8  
33.   1,000 - 9,999 4.15   705   3.2   424   73.6   9.8   59.7   86.7   6.8  
34.   10,000+ ...   ...   ...   ...   ...   ...   ...   ...   ...  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 4.77   2,077   3.3   49   81.5   2.6   94   86.2   7.4  
36.   Other 5.45   1,223   2.9   703   88.5   10.4   91   81.4   3.9   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 3-7, 2009                              For immediate release
5. Commercial and industrial loans made by U.S. branches and agencies of foreign banks1   September 18, 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 1.79   36,941   8,147   381   19.9   49.1   1.9   74.6   11.0  
 2.   Minimal risk 1.14   1,184   6,177   276   7.1   66.2   .0   51.1   4.3  
 3.   Low risk 1.38   4,042   5,669   209   21.7   93.5   3.0   93.6   13.2  
 4.   Moderate risk 1.33   7,679   8,085   174   47.3   89.4   2.6   39.5   17.6  
 5.   Other 1.83   7,749   5,692   122   26.4   58.2   3.1   49.7   15.0  
 
 6. Zero interval 3.61   603   859   617   40.8   8.8   68.7   100.0   22.0  
 7.   Minimal risk 2.36   29   567   930   1.0   .0   .0   100.0   16.5  
 8.   Low risk 2.70   118   854   590   24.0   17.6   67.4   100.0   27.3  
 9.   Moderate risk 3.23   241   1,044   707   30.4   .7   60.7   100.0   23.5  
10.   Other 4.70   215   764   504   66.8   14.2   87.5   100.0   18.1  
 
11. Daily 1.11   11,464   14,908   75   25.8   65.2   1.0   31.8   8.4  
12.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
13.   Low risk .79   1,203   13,385   11   2.0   98.7   .0   89.4   .8  
14.   Moderate risk .89   4,494   26,783   14   57.5   98.9   .5   7.6   8.9  
15.   Other 1.22   3,847   12,038   1   8.7   39.4   .1   16.5   8.3  
 
16. 2 to 30 days 1.60   11,008   7,795   452   16.3   47.8   .3   89.2   11.1  
17.   Minimal risk .72   432   9,607   113   15.5   86.4   .0   48.0   7.6  
18.   Low risk 1.07   1,382   8,186   129   24.4   94.8   .0   90.5   15.8  
19.   Moderate risk 1.71   2,048   6,928   362   33.8   91.9   .4   80.1   18.0  
20.   Other 2.22   1,782   4,363   93   38.9   95.4   1.4   76.3   16.0  
 
21. 31 to 365 days 2.41   12,578   9,343   545   12.5   33.9   .6   97.0   9.9  
22.   Minimal risk 1.92   369   5,593   638   1.6   22.1   .0   91.9   1.4  
23.   Low risk 2.08   1,290   4,548   426   34.3   93.8   .0   99.9   18.6  
24.   Moderate risk 2.19   883   3,671   436   31.2   59.3   1.4   90.3   18.4  
25.   Other 2.32   1,878   6,311   353   45.3   66.0   .0   86.0   16.3  
  Months  
26. More than 365 days 1.34   989   4,403   31   70.9   99.6   .3   100.0   27.9  
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.   7.5 - 99 4.10   15   3.2   31   49.4   17.7   60.1   98.6   18.9  
32.   100 - 999 2.54   604   3.2   55   37.0   41.8   22.1   91.8   19.7  
33.   1,000 - 9,999 1.90   7,040   3.3   78   33.0   51.8   7.6   87.6   16.5  
34.   10,000+ 1.74   29,281   3.2   43   16.3   48.5   .2   71.1   9.2  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 4.05   719   3.3   12   40.6   18.4   906   97.3   29.3  
36.   Other 1.74   36,221   3.2   50   19.4   49.7   9,685   74.1   10.6   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 3-7, 2009                                   For immediate release
6. Commercial and industrial loans by date pricing terms were set and commitment status        September 18, 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 2.13   33,138   1,117   3.1   66   20.9   42.7   16.4  
 2.   Not under commitment 2.20   15,598   1,049   3.1   41   28.1   64.9   25.2  
 3.   Informal commitment 1.76   14,481   1,722   3.0   39   5.5   25.0   3.3  
 4.   Formal commitment 3.53   3,059   478   3.1   316   57.5   13.6   33.7  
    Before survey week9
 5.   Up to 90 days 3.64   5,120   255   3.3   75   55.2   23.8   45.3  
 6.   91 to 365 days 3.60   8,776   296   3.0   95   43.6   35.2   35.4  
 6.   More than 365 days 2.44   21,580   1,053   3.4   107   50.6   36.9   24.5  
 
Domestic banks
 8. During survey week 4.02   9,600   347   2.9   178   40.9   34.3   56.0  
 9.   Not under commitment 4.06   6,213   434   2.7   94   24.8   45.0   62.8  
10.   Informal commitment 4.19   880   122   3.0   227   85.7   10.6   50.5  
11.   Formal commitment 3.86   2,507   405   3.4   369   65.0   16.0   41.2  
    Before survey week9
12.   Up to 90 days 3.88   4,226   212   3.3   84   59.4   16.9   53.4  
13.   91 to 365 days 3.33   5,566   190   3.1   75   59.6   18.4   54.9  
14.   More than 365 days 2.77   12,281   665   3.4   112   60.4   26.7   38.6  
 
Large domestic banks
15. During survey week 3.70   7,933   721   2.9   108   31.1   39.5   56.9  
16.   Not under commitment 3.89   5,700   712   2.6   53   20.1   48.5   63.5  
17.   Informal commitment 2.81   380   216   3.4   99   72.2   6.4   46.2  
18.   Formal commitment 3.30   1,853   1,498   3.5   279   56.2   18.7   39.0  
    Before survey week9
19.   Up to 90 days 3.75   3,659   271   3.3   78   55.7   19.3   50.5  
20.   91 to 365 days 3.16   4,915   240   3.1   79   57.0   20.6   52.5  
21.   More than 365 days 2.73   11,869   801   3.4   115   59.8   27.5   37.2  
 
Small domestic banks
22. During survey week 5.57   1,667   100   3.1   512   87.6   9.5   51.9  
23.   Not under commitment 6.02   513   81   3.1   548   76.4   7.0   55.7  
24.   Informal commitment 5.24   500   92   2.8   325   96.0   13.7   53.7  
25.   Formal commitment 5.47   654   132   3.2   627   89.9   8.2   47.4  
    Before survey week9
26.   Up to 90 days 4.75   567   89   3.4   121   83.4   1.3   71.5  
27.   91 to 365 days 4.62   651   74   3.1   39   79.4   1.5   73.2  
28.   More than 365 days 3.85   412   113   3.3   34   78.5   1.4   79.5  
 
Foreign banks
29. During survey week 1.36   23,538   11,880   3.2   20   12.8   46.2   .2  
30.   Not under commitment .97   9,385   16,544   3.3   7   30.3   78.0   .2  
31.   Informal commitment 1.61   13,600   11,292   3.1   27   .3   26.0   .2  
32.   Formal commitment 1.99   553   2,637   1.7   73   23.3   2.9   .0  
    Before survey week9
33.   Up to 90 days 2.47   894   5,851   3.4   33   35.4   56.5   7.1  
34.   91 to 365 days 4.07   3,210   8,639   2.9   131   15.8   64.3   1.4  
35.   More than 365 days 2.01   9,299   4,585   3.3   99   37.6   50.4   6.0   
...  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 3.32   3.33   3.28   3.61   3.19  
Standard error of loan rate4 .18   .09   .07   .12   .29  

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, 2007, assets of the large banks were at least $3.7 billion. Median total assets for all insured banks were roughly $119 million. Assets at all U.S. branches and agencies averaged $6.8 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, 2009