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

Release Date: July 2, 2010
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FEDERAL RESERVE STATISTICAL RELEASE




E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 3-7, 2010                             For immediate release
1. Commercial and industrial loans made by all commercial banks1                            July 2, 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 2.92   57,915   509   456   46.6   26.6   25.8   82.4   14.8  
 2.   Minimal risk 1.81   2,064   731   317   22.2   14.9   15.9   78.0   8.9  
 3.   Low risk 2.84   7,671   550   530   37.6   30.1   22.0   87.3   15.6  
 4.   Moderate risk 3.16   19,078   398   431   64.2   30.4   32.2   76.8   16.6  
 5.   Other 3.27   18,369   473   382   52.6   28.1   28.3   78.4   17.4  
 
 6. Zero interval 3.90   13,314   251   554   63.2   16.2   63.9   95.0   14.5  
 7.   Minimal risk 2.43   521   688   383   41.7   5.0   34.8   92.4   17.9  
 8.   Low risk 3.27   1,335   281   582   66.5   8.6   56.5   85.5   14.8  
 9.   Moderate risk 3.44   5,772   277   547   58.7   18.3   59.4   95.1   14.8  
10.   Other 4.71   4,998   220   565   66.6   12.2   72.1   97.6   14.3  
 
11. Daily 1.73   9,681   1,226   183   31.9   47.9   13.3   41.5   8.4  
12.   Minimal risk 1.48   432   1,151   191   9.1   .1   9.6   15.2   1.9  
13.   Low risk 1.38   828   692   114   20.4   58.2   18.8   90.8   9.6  
14.   Moderate risk 1.41   3,702   1,033   89   70.7   70.1   12.0   25.1   13.7  
15.   Other 1.26   3,097   1,531   41   5.2   47.6   4.3   21.4   5.3  
 
16. 2 to 30 days 2.43   12,460   403   339   43.0   36.2   17.3   78.2   10.2  
17.   Minimal risk 1.54   265   863   130   20.1   79.4   9.8   94.5   2.1  
18.   Low risk 2.11   1,956   430   253   52.7   37.3   25.5   74.5   16.4  
19.   Moderate risk 3.24   3,481   255   329   59.5   39.8   26.3   71.2   10.4  
20.   Other 2.79   3,169   330   148   56.4   53.5   13.3   68.7   13.5  
 
21. 31 to 365 days 2.48   16,829   1,205   393   44.3   20.3   7.0   95.7   18.2  
22.   Minimal risk 1.60   798   831   362   13.0   7.9   9.5   99.3   6.1  
23.   Low risk 2.01   2,188   849   399   31.0   42.9   8.3   92.6   22.8  
24.   Moderate risk 3.38   3,800   633   270   68.1   15.1   9.6   95.1   19.0  
25.   Other 2.84   5,686   2,158   332   65.4   22.1   7.3   94.9   22.8  
  Months  
26. More than 365 days 5.06   5,532   709   37   47.8   11.8   31.4   92.5   18.8  
27.   Minimal risk 2.72   46   115   31   91.1   14.2   5.9   40.3   7.9  
28.   Low risk 5.69   1,317   1,678   40   8.4   .5   4.3   96.5   8.0  
29.   Moderate risk 4.76   2,302   624   35   68.8   7.4   42.8   92.6   25.8  
30.   Other 5.39   1,406   775   38   45.8   8.3   44.5   90.5   18.9  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   7.5 - 99 4.66   2,696   3.3   111   87.8   8.2   69.1   72.5   8.3  
32.   100 - 999 4.06   9,131   3.3   120   77.0   13.6   60.7   83.3   12.0  
33.   1,000 - 9,999 2.97   15,832   3.2   98   46.9   31.2   29.3   89.3   16.0  
34.   10,000+ 2.39   30,256   3.2   157   33.6   29.8   9.5   79.4   15.6  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 4.60   14,929   3.3   115   66.5   8.5   202   84.7   14.7  
36.   Other 2.33   42,986   3.2   139   39.7   32.9   1,075   81.6   14.9   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 3-7, 2010                             For immediate release
2. Commercial and industrial loans made by domestic banks1                                  July 2, 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 3.59   36,294   330   496   60.4   16.0   37.4   88.3   17.4  
 2.   Minimal risk 1.86   1,327   498   218   32.0   2.5   24.7   65.8   13.8  
 3.   Low risk 3.33   5,517   413   584   42.0   7.2   28.9   83.0   17.8  
 4.   Moderate risk 3.71   14,415   306   521   65.8   15.0   40.0   89.3   17.3  
 5.   Other 3.82   12,412   331   465   65.1   12.6   38.6   92.3   18.4  
 
 6. Zero interval 3.75   11,972   230   516   65.6   16.7   65.1   94.5   15.2  
 7.   Minimal risk 2.11   366   524   305   59.5   7.1   49.6   89.1   20.9  
 8.   Low risk 3.24   1,204   261   573   69.2   3.0   57.9   84.0   15.1  
 9.   Moderate risk 3.36   5,349   260   510   60.7   18.5   57.4   94.7   15.2  
10.   Other 4.44   4,366   196   512   67.6   13.9   75.7   97.3   15.3  
 
11. Daily 2.57   2,372   326   304   32.0   18.8   36.9   74.4   13.2  
12.   Minimal risk 1.54   396   1,122   174   9.7   .1   10.4   7.5   4.1  
13.   Low risk 2.05   420   363   239   40.2   17.4   37.0   89.4   17.2  
14.   Moderate risk 3.46   806   236   461   36.5   19.8   54.7   95.2   13.8  
15.   Other 2.30   539   308   265   28.9   23.8   24.7   73.9   8.1  
 
16. 2 to 30 days 3.53   6,120   206   330   74.8   21.6   35.1   68.5   11.4  
17.   Minimal risk 3.80   37   134   87   55.7   1.0   69.6   61.3   5.6  
18.   Low risk 2.76   1,276   291   271   69.6   7.2   39.1   61.2   15.6  
19.   Moderate risk 3.79   2,682   199   370   73.6   23.6   34.0   67.5   9.5  
20.   Other 4.04   1,481   159   339   90.5   14.8   28.4   76.1   12.6  
 
21. 31 to 365 days 2.88   10,269   790   239   59.3   13.7   9.9   93.8   22.6  
22.   Minimal risk 1.68   480   526   128   21.6   .0   15.9   98.8   10.2  
23.   Low risk 1.99   1,294   547   175   24.2   14.7   14.0   87.6   32.9  
24.   Moderate risk 3.54   3,268   557   248   72.8   6.3   11.0   94.6   20.5  
25.   Other 2.86   4,608   1,936   255   64.5   10.8   6.5   95.4   23.8  
  Months  
26. More than 365 days 5.06   5,531   709   37   47.8   11.8   31.4   92.5   18.8  
27.   Minimal risk 2.72   46   115   31   91.1   14.2   5.9   40.3   7.9  
28.   Low risk 5.69   1,317   1,691   40   8.4   .5   4.3   96.5   8.0  
29.   Moderate risk 4.76   2,302   624   35   68.8   7.4   42.8   92.6   25.8  
30.   Other 5.39   1,405   776   38   45.9   8.3   44.5   90.5   18.9  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   7.5 - 99 4.67   2,676   3.3   111   88.2   8.1   69.4   72.3   8.2  
32.   100 - 999 4.16   8,619   3.3   125   79.8   12.2   62.8   82.8   11.6  
33.   1,000 - 9,999 3.54   10,210   3.2   140   60.0   20.2   41.0   93.1   17.6  
34.   10,000+ 3.10   14,789   3.1   302   44.4   16.8   14.3   91.0   21.6  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 4.43   13,578   3.3   126   70.8   7.4   186   83.4   15.5  
36.   Other 3.09   22,716   3.2   245   54.3   21.2   615   91.2   18.4   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 3-7, 2010                             For immediate release
3. Commercial and industrial loans made by large domestic banks1                            July 2, 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 3.42   32,574   451   465   57.4   17.5   33.9   89.4   18.2  
 2.   Minimal risk 1.53   1,196   1,531   153   24.7   2.8   23.6   64.6   15.2  
 3.   Low risk 3.22   5,019   601   599   39.1   7.8   24.0   83.3   18.3  
 4.   Moderate risk 3.52   12,682   419   479   62.6   16.3   36.6   90.8   18.3  
 5.   Other 3.65   11,226   428   433   62.6   13.7   34.5   93.7   19.3  
 
 6. Zero interval 3.58   10,119   297   534   62.3   19.6   61.6   94.8   16.1  
 7.   Minimal risk 1.97   347   859   307   57.3   7.5   47.7   88.7   21.4  
 8.   Low risk 3.05   1,028   335   573   69.5   3.5   54.7   81.3   16.5  
 9.   Moderate risk 3.18   4,550   345   529   56.4   21.6   53.3   95.6   16.0  
10.   Other 4.29   3,615   249   554   64.3   16.5   71.8   97.6   16.3  
 
11. Daily 2.28   2,115   571   269   24.4   20.6   29.6   74.2   13.9  
12.   Minimal risk 1.33   373   3,897   2   4.2   .1   4.9   4.9   6.6  
13.   Low risk 1.75   380   621   222   34.2   18.2   30.5   88.6   17.8  
14.   Moderate risk 3.15   666   387   507   24.8   23.5   46.4   99.6   14.6  
15.   Other 1.99   485   650   263   21.6   25.9   16.4   73.6   8.2  
 
16. 2 to 30 days 3.52   5,966   216   330   74.6   21.9   34.6   67.9   11.5  
17.   Minimal risk 3.58   32   199   52   48.4   1.2   80.6   62.8   5.4  
18.   Low risk 2.74   1,250   305   275   69.4   7.3   38.5   60.4   16.0  
19.   Moderate risk 3.79   2,607   209   371   73.6   23.8   33.7   66.7   9.7  
20.   Other 4.03   1,435   167   338   90.3   15.2   27.0   76.0   12.6  
 
21. 31 to 365 days 2.70   9,556   2,116   233   57.4   14.3   7.0   96.6   23.2  
22.   Minimal risk 1.20   411   4,505   109   8.8   .0   17.7   99.9   11.6  
23.   Low risk 1.69   1,114   2,771   176   18.4   17.1   2.5   90.9   34.1  
24.   Moderate risk 3.34   2,974   1,538   226   71.1   5.7   6.4   98.6   21.5  
25.   Other 2.75   4,479   2,627   255   63.6   11.0   6.2   97.6   23.9  
  Months  
26. More than 365 days 4.89   4,799   2,101   32   40.3   12.5   30.4   97.0   20.0  
27.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
28.   Low risk 5.64   1,244   7,995   41   3.6   .2   1.2   99.6   8.2  
29.   Moderate risk 4.39   1,881   2,006   28   62.4   7.1   44.7   97.5   28.2  
30.   Other 5.33   1,202   1,829   29   37.1   8.9   44.6   96.3   20.8  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   7.5 - 99 4.16   1,727   3.4   38   87.6   11.4   69.1   69.2   9.5  
32.   100 - 999 3.91   6,737   3.4   61   77.1   14.4   60.6   83.9   12.9  
33.   1,000 - 9,999 3.42   9,456   3.2   116   58.3   21.6   40.1   94.6   17.6  
34.   10,000+ 3.11   14,654   3.1   305   44.2   17.0   13.5   90.9   21.7  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 4.32   11,053   3.3   117   67.4   8.4   234   84.1   16.8  
36.   Other 2.96   21,521   3.2   221   52.3   22.2   857   92.1   18.9   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 3-7, 2010                             For immediate release
4. Commercial and industrial loans made by small domestic banks1                            July 2, 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 5.11   3,720   98   768   86.9   3.4   67.9   78.5   8.9  
 2.   Minimal risk 4.83   131   69   867   98.2   .1   34.7   76.5   2.9  
 3.   Low risk 4.49   497   100   447   71.3   1.4   78.3   79.5   12.6  
 4.   Moderate risk 5.08   1,733   103   843   88.7   5.4   65.1   78.2   9.0  
 5.   Other 5.40   1,185   105   769   88.2   2.1   76.6   78.9   9.0  
 
 6. Zero interval 4.71   1,852   103   404   83.8   .9   83.8   92.7   9.7  
 7.   Minimal risk 4.76   19   64   206   98.8   .0   85.2   95.8   11.8  
 8.   Low risk 4.38   176   114   571   67.5   .1   76.7   99.8   8.8  
 9.   Moderate risk 4.36   799   108   369   85.1   .8   80.7   89.7   10.0  
10.   Other 5.14   751   97   306   83.6   1.3   94.8   95.6   10.4  
 
11. Daily 4.95   258   72   553   94.3   4.0   96.5   76.0   8.3  
12.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
13.   Low risk 4.96   40   73   366   97.9   9.6   99.5   96.4   11.8  
14.   Moderate risk 4.89   140   82   301   92.2   2.6   94.5   74.3   8.8  
15.   Other 5.12   54   54   282   94.5   5.2   98.4   76.7   6.4  
 
16. 2 to 30 days 4.07   154   72   321   81.4   7.6   55.4   91.0   6.9  
17.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
18.   Low risk 3.66   25   90   137   80.1   .2   69.2   100.0   4.2  
19.   Moderate risk 3.80   74   78   354   71.1   13.6   45.0   97.9   5.1  
20.   Other 4.52   47   67   369   95.4   1.4   72.7   79.1   12.2  
 
21. 31 to 365 days 5.29   713   84   321   84.0   5.5   49.2   55.9   8.7  
22.   Minimal risk 4.58   69   84   241   97.2   .0   5.2   91.7   .9  
23.   Low risk 3.83   180   92   171   60.5   .0   85.2   66.8   23.2  
24.   Moderate risk 5.57   293   75   469   90.1   12.6   57.5   54.3   2.8  
25.   Other 6.84   129   191   285   95.6   1.6   14.8   18.6   6.2  
  Months  
26. More than 365 days 6.21   732   133   68   96.8   6.6   38.5   62.5   7.1  
27.   Minimal risk 6.21   13   33   42   99.1   .7   21.4   19.6   .2  
28.   Low risk 6.47   73   117   34   91.1   4.2   57.5   44.8   1.4  
29.   Moderate risk 6.39   421   153   65   97.3   8.4   34.5   70.6   10.7  
30.   Other 5.73   204   177   92   97.4   4.9   44.0   56.1   .1  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   7.5 - 99 5.60   949   3.1   245   89.2   2.2   69.8   78.0   6.2  
32.   100 - 999 5.05   1,882   3.2   354   89.5   4.4   70.6   78.8   6.5  
33.   1,000 - 9,999 5.12   754   3.2   443   81.9   2.9   53.0   74.5   17.3  
34.   10,000+ ...   ...   ...   ...   ...   ...   ...   ...   ...  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 4.89   2,525   3.2   163   85.4   3.1   97   80.2   9.4  
36.   Other 5.57   1,195   3.0   689   90.0   3.9   101   74.8   7.9   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 3-7, 2010                                 For immediate release
5. Commercial and industrial loans made by U.S. branches and agencies of foreign banks1         July 2, 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 1.79   21,621   5,805   397   23.4   44.4   6.2   72.5   9.6  
 2.   Minimal risk 1.71   737   4,669   488   4.5   37.1   .0   100.0   3.1  
 3.   Low risk 1.57   2,154   3,635   414   26.4   88.8   4.5   98.3   10.9  
 4.   Moderate risk 1.44   4,664   6,052   180   59.5   78.0   8.1   38.3   11.5  
 5.   Other 2.12   5,957   4,538   226   26.5   60.3   7.0   49.5   13.2  
 
 6. Zero interval 5.21   1,343   1,540   870   42.2   11.1   53.3   100.0   9.2  
 7.   Minimal risk 3.17   156   2,595   555   .0   .0   .0   100.0   11.9  
 8.   Low risk 3.49   131   1,015   651   41.8   60.3   43.4   100.0   11.9  
 9.   Moderate risk 4.49   424   1,812   1,036   32.6   16.0   85.4   100.0   10.2  
10.   Other 6.56   632   1,409   897   59.1   .3   46.9   100.0   7.4  
 
11. Daily 1.45   7,309   11,708   151   31.9   57.3   5.6   30.8   4.6  
12.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
13.   Low risk .69   408   9,946   20   .0   100.0   .0   92.3   2.0  
14.   Moderate risk .83   2,896   18,100   17   80.3   84.1   .1   5.6   13.5  
15.   Other 1.04   2,558   9,418   1   .2   52.6   .0   10.4   1.1  
 
16. 2 to 30 days 1.37   6,339   5,357   345   12.4   50.3   .1   87.6   9.3  
17.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
18.   Low risk .90   681   3,850   233   21.1   93.7   .0   99.4   17.4  
19.   Moderate risk 1.41   800   3,687   234   12.3   94.2   .4   83.4   12.8  
20.   Other 1.70   1,688   5,291   41   26.4   87.6   .0   62.2   14.5  
 
21. 31 to 365 days 1.84   6,560   6,788   628   20.9   30.8   2.4   98.6   11.8  
22.   Minimal risk 1.48   318   6,714   715   .0   19.9   .0   100.0   .0  
23.   Low risk 2.05   894   4,183   699   40.8   83.7   .0   99.9   9.9  
24.   Moderate risk 2.36   533   3,775   402   39.7   69.1   .9   97.9   9.7  
25.   Other 2.71   1,077   4,229   658   69.7   70.7   10.8   92.8   18.7  
  Months  
26. More than 365 days ...   ...   ...   ...   ...   ...   ...   ...   ...  
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 3.20   21   3.5   46   42.2   17.1   37.5   93.5   11.2  
32.   100 - 999 2.45   512   3.1   28   29.2   36.3   25.1   91.7   18.6  
33.   1,000 - 9,999 1.92   5,622   3.3   20   23.1   51.2   8.1   82.3   12.9  
34.   10,000+ 1.72   15,466   3.3   18   23.3   42.2   4.9   68.3   7.8  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 6.36   1,351   3.4   7   23.8   18.9   1,927   97.6   8.4  
36.   Other 1.48   20,270   3.2   19   23.4   46.1   6,704   70.9   9.7   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 3-7, 2010                                      For immediate release
6. Commercial and industrial loans by date pricing terms were set and commitment status              July 2, 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 2.30   24,831   596   3.2   80   40.3   36.2   16.6  
 2.   Not under commitment 2.20   10,197   389   3.2   65   52.1   48.5   22.4  
 3.   Informal commitment 1.65   9,281   1,023   3.1   56   11.4   29.9   7.2  
 4.   Formal commitment 3.63   5,352   844   3.3   149   68.1   23.5   22.0  
    Before survey week9
 5.   Up to 90 days 3.78   3,701   221   3.2   123   55.8   20.9   44.7  
 6.   91 to 365 days 4.25   10,398   279   3.1   198   54.2   20.3   39.0  
 6.   More than 365 days 2.83   18,956   1,056   3.3   168   48.9   18.7   26.8  
 
Domestic banks
 8. During survey week 3.87   9,192   232   3.2   188   75.5   19.6   40.8  
 9.   Not under commitment 3.96   4,262   166   2.8   152   69.4   15.5   52.9  
10.   Informal commitment 4.00   1,171   146   3.3   294   88.5   26.3   52.5  
11.   Formal commitment 3.73   3,759   644   3.6   197   78.2   22.1   23.5  
    Before survey week9
12.   Up to 90 days 3.74   3,215   194   3.3   141   62.1   20.9   45.7  
13.   91 to 365 days 4.08   9,083   246   3.1   224   55.3   18.0   38.6  
14.   More than 365 days 3.09   14,774   883   3.3   207   53.8   11.7   32.7  
 
Large domestic banks
15. During survey week 3.44   7,488   346   3.2   112   72.0   22.7   35.8  
16.   Not under commitment 3.44   3,462   200   2.7   70   64.0   16.9   50.7  
17.   Informal commitment 2.78   598   273   3.5   23   87.1   50.5   45.6  
18.   Formal commitment 3.56   3,429   1,603   3.6   169   77.4   23.7   19.0  
    Before survey week9
19.   Up to 90 days 3.51   2,732   250   3.3   138   57.9   24.3   43.0  
20.   91 to 365 days 4.02   8,136   308   3.0   248   52.0   19.9   34.1  
21.   More than 365 days 3.05   14,205   1,079   3.3   198   52.8   12.1   31.1  
 
Small domestic banks
22. During survey week 5.75   1,704   95   3.1   526   90.8   5.7   63.0  
23.   Not under commitment 6.20   800   95   3.1   508   93.0   9.5   62.4  
24.   Informal commitment 5.27   573   98   3.1   577   90.0   1.1   59.7  
25.   Formal commitment 5.48   330   89   3.1   480   86.9   4.6   70.3  
    Before survey week9
26.   Up to 90 days 5.03   482   85   3.2   158   85.9   1.2   61.0  
27.   91 to 365 days 4.58   947   90   3.3   12   84.4   1.5   77.3  
28.   More than 365 days 4.16   569   159   3.0   434   80.0   1.3   73.3  
 
Foreign banks
29. During survey week 1.38   15,639   7,757   3.2   16   19.7   46.0   2.4  
30.   Not under commitment .94   5,936   12,419   3.5   3   39.6   72.3   .5  
31.   Informal commitment 1.31   8,110   7,829   3.0   22   .3   30.5   .6  
32.   Formal commitment 3.40   1,593   3,173   2.5   34   44.1   26.9   18.4  
    Before survey week9
33.   Up to 90 days 4.05   487   3,583   3.2   8   14.5   21.1   37.8  
34.   91 to 365 days 5.42   1,315   3,750   3.5   20   46.0   36.8   41.8  
35.   More than 365 days 1.91   4,181   3,421   3.3   28   31.4   43.5   5.7   
...  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 3.39   3.41   3.37   3.57   3.19  
Standard error of loan rate4 .13   .08   .12   .12   .42  

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: July 2, 2010