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 24, 2010
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FEDERAL RESERVE STATISTICAL RELEASE




E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 1-5, 2010                        For immediate release
1. Commercial and industrial loans made by all commercial banks1                          March 24, 2010
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 2.77   55,371   473   372   44.4   32.1   23.5   81.2   12.9  
 2.   Minimal risk 2.28   1,715   635   340   26.7   25.6   7.7   68.1   6.7  
 3.   Low risk 2.33   7,994   629   271   34.9   32.3   18.5   84.3   18.3  
 4.   Moderate risk 2.93   19,607   413   382   52.1   30.4   27.3   78.6   13.1  
 5.   Other 3.25   16,251   414   346   53.7   44.3   26.4   74.3   14.5  
 
 6. Zero interval 3.75   13,694   233   487   67.6   12.2   62.9   92.7   13.9  
 7.   Minimal risk 2.71   244   352   599   56.2   24.2   34.6   93.6   18.4  
 8.   Low risk 2.91   1,285   268   467   65.6   5.1   53.9   79.0   17.2  
 9.   Moderate risk 3.35   5,575   264   478   59.0   12.9   60.6   92.5   14.3  
10.   Other 4.63   4,784   209   545   74.8   10.0   67.4   96.4   13.5  
 
11. Daily 1.57   10,766   1,456   122   26.4   46.5   9.3   45.1   5.9  
12.   Minimal risk 1.41   533   4,410   25   5.6   .0   2.5   15.0   1.7  
13.   Low risk 1.16   1,119   1,070   76   13.4   59.8   13.7   59.9   6.2  
14.   Moderate risk 1.67   4,677   1,301   150   48.0   48.4   10.4   49.3   6.6  
15.   Other 1.43   3,212   1,577   52   10.8   63.0   7.5   18.1   6.1  
 
16. 2 to 30 days 2.41   21,372   677   338   37.8   38.3   9.0   87.1   13.2  
17.   Minimal risk 2.57   640   2,326   373   23.6   43.6   1.3   97.9   3.9  
18.   Low risk 2.35   4,005   863   245   25.8   34.2   10.5   88.1   21.5  
19.   Moderate risk 2.64   6,080   452   324   45.6   39.7   13.2   83.1   14.1  
20.   Other 2.93   5,433   534   243   66.4   67.9   6.9   78.8   16.8  
 
21. 31 to 365 days 3.13   6,578   603   330   40.4   27.3   5.3   93.2   13.4  
22.   Minimal risk 2.00   193   208   214   28.1   31.9   8.0   95.0   2.6  
23.   Low risk 2.26   1,279   894   219   39.2   27.2   3.7   97.5   16.0  
24.   Moderate risk 4.41   2,147   423   351   52.6   22.7   6.3   87.4   14.3  
25.   Other 2.92   2,104   879   304   41.3   35.5   4.9   94.1   14.6  
  Months  
26. More than 365 days 4.35   2,762   342   38   58.5   34.6   35.5   89.2   17.4  
27.   Minimal risk 4.37   104   155   42   80.9   37.6   10.4   46.7   10.8  
28.   Low risk 4.80   171   245   37   77.2   2.6   21.4   83.6   14.1  
29.   Moderate risk 4.95   1,111   273   41   68.9   5.6   49.9   90.7   13.8  
30.   Other 5.58   698   423   43   44.7   35.2   48.5   85.4   13.6  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   7.5 - 99 4.62   2,692   3.3   109   90.2   6.3   68.0   76.3   8.3  
32.   100 - 999 3.98   8,929   3.3   114   75.8   13.3   58.5   86.7   12.9  
33.   1,000 - 9,999 2.86   15,976   3.2   89   48.5   31.8   26.4   89.6   15.3  
34.   10,000+ 2.14   27,774   3.1   48   27.6   40.7   6.3   75.0   11.8  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 4.32   13,028   3.3   77   69.1   7.9   175   82.2   12.5  
36.   Other 2.29   42,343   3.2   72   36.8   39.5   989   80.8   13.1   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 1-5, 2010                        For immediate release
2. Commercial and industrial loans made by domestic banks1                                March 24, 2010
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 3.47   32,639   289   436   53.9   16.1   37.6   88.5   14.1  
 2.   Minimal risk 2.23   973   383   295   32.8   12.8   13.3   43.8   11.1  
 3.   Low risk 2.85   5,449   449   306   42.7   5.4   24.1   83.5   20.4  
 4.   Moderate risk 3.46   14,985   322   472   49.2   15.8   34.8   90.8   12.2  
 5.   Other 4.14   8,010   212   489   66.4   17.2   49.1   91.3   14.4  
 
 6. Zero interval 3.65   12,437   215   459   68.5   13.0   65.3   92.0   13.8  
 7.   Minimal risk 2.51   185   293   500   74.2   32.0   44.3   91.6   9.6  
 8.   Low risk 3.04   1,168   249   463   71.8   3.7   56.1   76.9   16.5  
 9.   Moderate risk 3.36   5,401   258   470   59.1   13.0   60.5   92.3   14.2  
10.   Other 4.40   3,876   173   487   75.6   11.9   74.3   95.6   13.9  
 
11. Daily 2.49   3,733   552   276   21.8   7.8   25.4   79.7   7.1  
12.   Minimal risk 1.47   478   4,972   5   2.4   .0   2.8   5.2   5.4  
13.   Low risk 1.68   477   486   184   28.5   8.7   32.0   71.7   8.6  
14.   Moderate risk 2.65   2,191   634   330   14.9   8.8   22.3   97.7   6.7  
15.   Other 3.45   474   263   448   55.7   2.0   50.7   76.9   6.9  
 
16. 2 to 30 days 3.15   10,240   343   325   46.0   24.2   18.3   85.3   16.5  
17.   Minimal risk 2.14   137   649   338   23.1   19.1   6.1   90.2   16.1  
18.   Low risk 2.93   2,742   624   220   27.0   6.6   15.0   84.1   23.4  
19.   Moderate risk 3.07   4,611   351   371   46.7   28.3   16.8   85.4   12.6  
20.   Other 3.95   1,839   191   349   70.4   30.2   20.2   83.6   17.1  
 
21. 31 to 365 days 3.76   3,875   372   289   53.3   8.6   8.6   94.9   14.7  
22.   Minimal risk 3.69   69   75   209   78.1   .0   22.2   86.0   7.8  
23.   Low risk 2.61   880   668   259   53.9   2.7   5.4   96.5   22.1  
24.   Moderate risk 4.96   1,663   334   380   55.5   6.9   7.9   91.7   11.1  
25.   Other 2.93   1,118   498   176   46.0   9.5   9.1   99.3   14.7  
  Months  
26. More than 365 days 4.95   2,323   293   40   63.0   22.6   42.0   87.2   14.5  
27.   Minimal risk 4.37   104   155   42   80.9   37.6   10.4   46.7   10.8  
28.   Low risk 4.80   171   247   37   77.2   2.7   21.3   83.6   14.0  
29.   Moderate risk 4.95   1,109   273   41   69.0   5.5   49.8   90.7   13.8  
30.   Other 5.61   692   422   43   44.3   35.5   48.9   85.3   13.7  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   7.5 - 99 4.63   2,674   3.3   110   90.4   6.3   68.1   76.2   8.2  
32.   100 - 999 4.07   8,343   3.3   118   79.0   11.8   60.8   86.3   12.3  
33.   1,000 - 9,999 3.30   10,096   3.2   108   58.0   20.2   37.2   92.3   15.8  
34.   10,000+ 2.91   11,525   2.8   80   23.6   17.8   14.0   89.5   14.9  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 4.32   12,267   3.3   81   70.7   6.8   167   81.3   12.1  
36.   Other 2.95   20,372   3.0   113   43.8   21.6   515   92.8   15.1   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 1-5, 2010                        For immediate release
3. Commercial and industrial loans made by large domestic banks1                          March 24, 2010
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 3.25   28,733   400   400   49.5   17.5   34.4   88.9   14.9  
 2.   Minimal risk 1.77   836   1,284   153   22.2   10.2   11.6   40.8   13.6  
 3.   Low risk 2.69   4,964   615   269   40.5   5.8   21.4   83.0   21.1  
 4.   Moderate risk 3.24   13,325   475   434   44.3   17.4   31.3   91.4   12.9  
 5.   Other 3.97   6,799   275   446   62.8   18.8   43.2   92.9   15.2  
 
 6. Zero interval 3.45   10,549   278   473   65.2   15.0   63.5   91.5   14.7  
 7.   Minimal risk 2.17   160   424   364   70.8   36.9   38.3   90.7   10.9  
 8.   Low risk 2.78   997   327   487   68.7   4.3   49.2   73.7   18.4  
 9.   Moderate risk 3.19   4,746   344   471   55.9   14.6   57.6   91.9   14.7  
10.   Other 4.27   3,207   234   506   74.0   13.7   70.0   96.4   14.8  
 
11. Daily 2.23   3,361   998   244   14.7   8.2   18.1   81.5   7.2  
12.   Minimal risk 1.47   478   5,278   5   2.4   .0   2.8   5.2   5.4  
13.   Low risk 1.43   440   903   164   23.2   8.8   26.3   69.8   8.1  
14.   Moderate risk 2.47   2,023   1,354   329   8.5   9.2   17.3   99.2   6.9  
15.   Other 2.69   310   346   167   43.0   1.4   24.5   95.9   7.4  
 
16. 2 to 30 days 3.09   9,759   380   309   44.7   25.0   16.4   84.9   16.7  
17.   Minimal risk 2.05   127   1,542   342   17.5   20.6   3.6   89.5   17.5  
18.   Low risk 2.89   2,607   655   172   27.6   6.9   15.0   83.5   23.1  
19.   Moderate risk 3.00   4,419   407   369   44.7   29.1   13.9   85.1   13.0  
20.   Other 3.90   1,709   205   329   68.4   31.1   16.5   83.1   17.9  
 
21. 31 to 365 days 3.52   3,385   1,076   290   48.4   9.7   5.5   97.6   15.8  
22.   Minimal risk 2.67   39   592   206   66.7   .0   24.9   93.1   11.1  
23.   Low risk 2.46   820   1,994   265   53.6   2.9   3.7   99.6   22.8  
24.   Moderate risk 4.77   1,370   1,164   394   48.5   8.1   2.4   95.6   12.5  
25.   Other 2.80   1,033   812   173   41.8   10.1   7.9   99.5   14.6  
  Months  
26. More than 365 days 4.37   1,662   965   31   49.5   24.7   46.4   93.3   18.7  
27.   Minimal risk 1.81   32   1,188   26   36.9   1.0   26.5   66.6   24.8  
28.   Low risk 3.89   100   719   35   61.2   2.0   32.7   83.7   23.1  
29.   Moderate risk 4.19   761   1,085   29   56.7   5.1   57.9   96.6   18.9  
30.   Other 5.34   531   1,088   34   28.2   36.7   47.8   89.4   16.4  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   7.5 - 99 4.12   1,695   3.4   29   89.3   8.4   69.5   70.5   9.4  
32.   100 - 999 3.78   6,379   3.4   56   76.0   13.1   60.6   87.2   13.8  
33.   1,000 - 9,999 3.16   9,272   3.2   98   55.6   21.6   35.0   92.8   16.6  
34.   10,000+ 2.90   11,387   2.8   81   23.6   18.0   13.9   89.4   14.7  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 4.15   9,872   3.3   77   66.7   7.4   210   80.4   13.3  
36.   Other 2.78   18,861   3.0   78   40.4   22.8   761   93.3   15.7   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 1-5, 2010                        For immediate release
4. Commercial and industrial loans made by small domestic banks1                          March 24, 2010
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 5.08   3,906   95   698   86.5   5.3   61.3   85.4   7.7  
 2.   Minimal risk 5.09   137   72   1,121   97.6   28.3   23.7   61.6   1.3  
 3.   Low risk 4.50   485   119   652   65.2   1.5   51.4   88.5   13.7  
 4.   Moderate risk 5.26   1,661   90   796   88.4   3.5   62.9   85.9   6.1  
 5.   Other 5.11   1,211   93   716   86.9   8.5   82.1   82.5   8.8  
 
 6. Zero interval 4.75   1,887   94   372   86.8   1.6   75.1   94.7   9.2  
 7.   Minimal risk 4.72   25   97   1,457   96.2   .0   83.7   97.4   1.9  
 8.   Low risk 4.54   171   104   343   89.8   .1   96.5   95.4   8.3  
 9.   Moderate risk 4.60   656   92   461   82.6   1.5   81.1   95.3   10.8  
10.   Other 5.00   669   77   394   83.2   3.1   94.7   91.9   9.8  
 
11. Daily 4.83   372   109   534   86.1   3.8   91.6   64.0   5.2  
12.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
13.   Low risk 4.67   38   76   388   90.4   7.6   98.2   93.3   12.7  
14.   Moderate risk 4.81   168   86   344   91.4   3.6   82.5   79.9   3.5  
15.   Other 4.88   165   182   748   79.6   3.3   99.8   41.2   4.7  
 
16. 2 to 30 days 4.36   481   115   610   72.2   8.7   56.9   93.2   12.2  
17.   Minimal risk 3.26   10   76   295   97.0   .0   38.9   100.0   .1  
18.   Low risk 3.56   135   329   1,010   15.0   1.2   13.6   95.4   29.4  
19.   Moderate risk 4.68   192   85   407   93.0   8.4   83.5   92.8   4.6  
20.   Other 4.57   130   103   556   96.0   18.5   69.9   90.4   7.4  
 
21. 31 to 365 days 5.42   490   67   278   86.8   1.1   30.1   75.9   5.5  
22.   Minimal risk 5.02   30   35   212   93.0   .0   18.6   76.7   2.6  
23.   Low risk 4.66   60   66   174   58.3   .0   29.4   54.1   5.3  
24.   Moderate risk 5.81   293   77   319   88.3   1.1   34.0   73.4   2.4  
25.   Other 4.53   85   87   210   97.3   2.4   24.0   97.0   15.7  
  Months  
26. More than 365 days 6.42   661   106   63   97.1   17.3   31.0   72.0   .9  
27.   Minimal risk 5.48   73   112   49   100.0   53.5   3.4   38.0   .1  
28.   Low risk 6.08   71   128   39   99.9   3.6   5.3   83.4   .7  
29.   Moderate risk 6.60   348   104   67   95.8   6.5   32.0   77.7   .1  
30.   Other 6.52   161   140   73   97.3   31.4   52.7   71.8   2.9  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   7.5 - 99 5.52   979   3.2   249   92.4   2.6   65.6   86.0   6.5  
32.   100 - 999 5.03   1,964   3.3   321   88.4   7.5   61.4   83.4   7.3  
33.   1,000 - 9,999 4.93   824   3.2   221   85.4   4.2   62.4   87.0   5.8  
34.   10,000+ ...   ...   ...   ...   ...   ...   ...   ...   ...  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 5.04   2,395   3.4   97   87.0   4.5   91   85.2   7.5  
36.   Other 5.13   1,511   2.8   547   85.7   6.5   102   85.7   8.1   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 1-5, 2010                            For immediate release
5. Commercial and industrial loans made by U.S. branches and agencies of foreign banks1       March 24, 2010
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 1.76   22,732   5,650   290   30.9   55.0   3.3   70.7   10.8  
 2.   Minimal risk 2.33   742   4,619   397   18.6   42.4   .3   100.0   4.1  
 3.   Low risk 1.22   2,545   4,518   202   18.1   89.9   6.7   86.1   13.9  
 4.   Moderate risk 1.23   4,622   5,590   117   61.5   77.6   3.1   39.2   19.7  
 5.   Other 2.39   8,241   5,225   225   41.4   70.6   4.3   57.7   14.7  
 
 6. Zero interval 4.79   1,258   1,328   739   59.2   4.7   39.5   100.0   14.9  
 7.   Minimal risk 3.33   59   960   878   .0   .0   4.3   100.0   43.6  
 8.   Low risk 1.65   117   1,147   494   4.1   19.6   31.4   100.0   22.3  
 9.   Moderate risk 3.17   173   794   745   54.5   12.0   64.3   100.0   17.0  
10.   Other 5.59   908   1,607   760   71.1   1.7   38.1   100.0   11.6  
 
11. Daily 1.08   7,034   11,236   48   28.9   67.0   .8   26.6   4.0  
12.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
13.   Low risk .77   641   9,889   9   2.2   97.8   .0   51.1   3.8  
14.   Moderate risk .81   2,486   17,885   3   77.1   83.4   .0   6.5   5.1  
15.   Other 1.08   2,738   11,563   3   3.1   73.6   .0   7.9   4.7  
 
16. 2 to 30 days 1.73   11,132   6,409   348   30.2   51.2   .5   88.7   10.4  
17.   Minimal risk 2.69   504   7,766   379   23.8   50.2   .0   100.0   .9  
18.   Low risk 1.10   1,263   5,133   292   23.1   94.2   .7   96.9   18.0  
19.   Moderate risk 1.27   1,468   4,335   200   42.4   75.7   1.8   75.8   19.4  
20.   Other 2.42   3,594   6,222   201   64.4   87.3   .0   76.3   16.6  
 
21. 31 to 365 days 2.23   2,702   5,645   388   21.9   54.0   .4   90.7   11.4  
22.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
23.   Low risk 1.50   399   3,523   133   6.8   81.2   .0   99.7   2.9  
24.   Moderate risk 2.52   483   4,841   252   42.6   77.2   .5   72.5   28.5  
25.   Other 2.91   986   6,651   445   36.0   64.8   .0   88.2   14.4  
  Months  
26. More than 365 days 1.16   438   3,301   26   34.7   98.2   .5   100.0   30.5  
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 3.71   18   3.7   44   50.1   20.3   52.6   97.8   17.2  
32.   100 - 999 2.62   586   3.2   53   30.9   34.0   26.4   92.5   20.7  
33.   1,000 - 9,999 2.11   5,880   3.4   57   32.1   51.8   7.9   85.0   14.3  
34.   10,000+ 1.60   16,248   3.4   25   30.4   57.0   .8   64.6   8.7  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 4.38   761   3.4   8   44.7   24.3   1,006   96.2   17.9  
36.   Other 1.67   21,972   3.4   35   30.4   56.1   6,723   69.8   10.5   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 1-5, 2010                                 For immediate release
6. Commercial and industrial loans by date pricing terms were set and commitment status            March 24, 2010
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 2.06   21,073   536   3.1   68   33.8   38.4   16.7  
 2.   Not under commitment 1.99   10,432   446   3.2   51   46.4   55.5   22.2  
 3.   Informal commitment 1.63   8,023   993   2.9   43   9.3   25.7   6.0  
 4.   Formal commitment 3.66   2,617   333   2.9   212   58.8   9.4   27.1  
    Before survey week9
 5.   Up to 90 days 3.62   7,149   441   3.4   51   48.4   22.6   26.8  
 6.   91 to 365 days 3.77   10,666   258   3.3   52   57.3   20.1   35.7  
 6.   More than 365 days 2.65   16,479   817   3.2   105   48.0   35.8   23.0  
 
Domestic banks
 8. During survey week 4.11   6,324   169   2.9   188   71.3   8.7   54.5  
 9.   Not under commitment 3.89   3,761   164   2.7   131   67.6   5.9   60.9  
10.   Informal commitment 4.66   794   111   3.1   224   90.7   13.4   59.3  
11.   Formal commitment 4.31   1,770   236   3.2   294   70.5   12.5   38.7  
    Before survey week9
12.   Up to 90 days 3.52   5,555   348   3.2   57   42.0   10.3   30.9  
13.   91 to 365 days 3.74   8,972   219   3.2   57   59.9   15.6   41.3  
14.   More than 365 days 2.89   11,784   636   3.1   108   45.6   23.1   28.8  
 
Large domestic banks
15. During survey week 3.47   4,541   246   2.8   57   63.9   8.2   52.4  
16.   Not under commitment 3.54   3,191   195   2.6   64   64.4   4.7   60.7  
17.   Informal commitment 3.02   243   300   2.9   122   79.0   17.8   34.4  
18.   Formal commitment 3.34   1,106   832   3.4   24   59.0   16.2   32.6  
    Before survey week9
19.   Up to 90 days 3.38   5,124   444   3.2   45   38.3   11.1   28.5  
20.   91 to 365 days 3.62   7,846   290   3.2   64   55.1   17.7   38.0  
21.   More than 365 days 2.85   11,222   759   3.1   110   44.8   24.1   27.2  
 
Small domestic banks
22. During survey week 5.74   1,784   94   3.1   523   90.2   9.9   59.7  
23.   Not under commitment 5.87   570   87   3.1   507   85.3   12.5   62.2  
24.   Informal commitment 5.38   551   87   3.1   268   95.8   11.5   70.3  
25.   Formal commitment 5.92   663   108   3.0   748   89.8   6.4   48.8  
    Before survey week9
26.   Up to 90 days 5.24   431   97   3.4   202   86.8   1.2   59.5  
27.   91 to 365 days 4.59   1,126   81   3.3   10   93.2   1.2   64.7  
28.   More than 365 days 3.83   562   150   3.1   48   60.7   1.5   61.2  
 
Foreign banks
29. During survey week 1.18   14,749   8,135   3.3   16   17.8   51.2   .4  
30.   Not under commitment .92   6,671   13,170   3.5   6   34.5   83.5   .4  
31.   Informal commitment 1.29   7,229   7,750   2.9   23   .4   27.0   .2  
32.   Formal commitment 2.30   848   2,269   2.2   41   34.2   2.8   2.9  
    Before survey week9
33.   Up to 90 days 3.97   1,594   6,000   4.2   29   70.7   65.5   12.7  
34.   91 to 365 days 3.95   1,694   5,431   3.5   24   43.4   43.6   6.1  
35.   More than 365 days 2.02   4,696   2,876   3.4   97   54.1   67.6   8.3   
...  The number of loans was insufficient to provide a meaningful value.
Summary statistics All commercial
banks		 Domestic
banks		 Large domestic
banks		 Small domestic
banks		 Foreign
banks
Average reported prime rate 3.40   3.42   3.35   3.70   3.15  
Standard error of loan rate4 .15   .14   .15   .15   .37  

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: March 24, 2010