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

Release Date: October 6, 2010
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FEDERAL RESERVE STATISTICAL RELEASE




E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 2-6, 2010                          For immediate release
1. Commercial and industrial loans made by all commercial banks1                         October 6, 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 2.69   59,026   530   446   44.0   32.6   25.3   79.0   10.4  
 2.   Minimal risk 1.48   2,955   1,045   259   22.4   33.8   7.1   67.5   4.1  
 3.   Low risk 2.33   7,036   490   397   40.9   33.7   26.9   83.5   10.1  
 4.   Moderate risk 2.85   22,472   466   448   55.0   34.9   30.0   69.9   12.6  
 5.   Other 3.44   14,595   401   387   55.3   35.7   32.0   77.1   10.5  
 
 6. Zero interval 3.90   14,475   273   630   62.4   15.1   64.2   93.8   11.6  
 7.   Minimal risk 1.92   525   681   337   40.8   15.0   22.9   89.7   9.9  
 8.   Low risk 3.55   1,455   325   854   64.1   3.3   55.2   86.1   11.9  
 9.   Moderate risk 3.56   6,566   297   623   54.4   14.0   57.9   94.5   12.5  
10.   Other 4.52   5,059   229   632   69.2   11.1   76.5   95.5   11.6  
 
11. Daily 1.29   14,809   1,867   114   30.3   52.8   9.8   47.0   7.5  
12.   Minimal risk .97   1,316   4,032   4   3.9   40.8   3.3   45.1   .6  
13.   Low risk .87   1,544   1,229   43   10.8   70.5   19.8   93.8   1.6  
14.   Moderate risk 1.36   6,652   1,595   80   55.4   61.9   11.8   25.7   16.1  
15.   Other 1.51   2,741   1,796   29   16.3   48.5   4.6   24.8   12.2  
 
16. 2 to 30 days 2.39   14,649   472   356   44.0   36.9   15.3   80.2   9.2  
17.   Minimal risk 1.28   585   2,182   131   24.7   54.6   3.0   88.4   2.3  
18.   Low risk 2.50   2,225   356   275   49.3   30.7   31.7   65.6   12.8  
19.   Moderate risk 2.88   4,263   313   412   60.9   35.1   24.2   71.4   13.0  
20.   Other 2.58   3,622   450   136   57.6   62.2   5.1   77.7   9.1  
 
21. 31 to 365 days 2.62   11,130   975   520   36.7   24.0   5.5   96.9   11.5  
22.   Minimal risk 1.78   407   345   401   34.2   15.7   5.1   94.7   4.5  
23.   Low risk 2.28   1,667   1,185   436   35.3   32.6   2.8   97.1   12.9  
24.   Moderate risk 3.29   2,721   569   408   54.7   26.1   10.2   96.0   9.6  
25.   Other 3.90   2,258   905   423   71.4   35.5   3.8   94.2   10.1  
  Months  
26. More than 365 days 4.80   3,754   524   38   49.1   30.6   34.4   89.0   12.5  
27.   Minimal risk 5.10   121   443   87   90.9   .0   7.2   21.6   12.7  
28.   Low risk 3.95   137   167   38   66.3   3.7   20.8   67.0   27.7  
29.   Moderate risk 4.64   2,243   668   37   43.9   26.5   37.6   93.8   13.3  
30.   Other 5.59   877   462   35   43.4   28.5   42.8   87.1   8.5  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   7.5 - 99 4.54   2,532   3.2   103   86.9   7.8   67.9   72.6   8.2  
32.   100 - 999 4.09   9,453   3.3   78   76.7   12.7   60.9   80.3   11.2  
33.   1,000 - 9,999 2.90   16,489   3.2   101   48.4   29.7   28.5   89.3   13.6  
34.   10,000+ 1.99   30,553   2.9   96   27.9   42.4   9.0   73.5   8.2  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 4.43   14,914   3.3   77   67.5   8.6   211   83.6   11.8  
36.   Other 2.10   44,113   3.0   101   36.0   40.7   1,089   77.4   9.9   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 2-6, 2010                          For immediate release
2. Commercial and industrial loans made by domestic banks1                               October 6, 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 3.58   33,305   309   557   60.3   21.2   41.8   86.8   11.6  
 2.   Minimal risk 1.93   1,749   650   339   32.8   5.6   12.0   45.0   9.1  
 3.   Low risk 3.05   4,387   315   533   63.3   3.9   41.4   76.7   13.2  
 4.   Moderate risk 3.58   14,949   316   624   56.5   19.8   42.0   88.8   13.1  
 5.   Other 4.35   8,956   255   539   71.6   15.8   48.4   93.8   11.0  
 
 6. Zero interval 3.88   13,181   253   599   64.1   15.8   64.3   93.2   11.8  
 7.   Minimal risk 1.82   460   636   340   46.3   17.1   26.1   88.3   8.8  
 8.   Low risk 3.61   1,340   305   878   68.0   1.7   54.2   84.9   10.4  
 9.   Moderate risk 3.49   5,922   272   563   57.8   14.0   57.0   93.9   13.4  
10.   Other 4.51   4,597   212   613   67.6   12.2   77.2   95.1   11.7  
 
11. Daily 2.25   4,032   555   242   21.7   27.9   34.5   79.1   11.1  
12.   Minimal risk 1.38   765   2,413   6   4.9   .0   5.7   5.6   8.2  
13.   Low risk 1.50   369   315   234   42.8   .4   82.9   95.2   6.5  
14.   Moderate risk 3.14   1,546   387   405   20.7   24.2   50.7   96.7   17.5  
15.   Other 3.97   445   344   122   48.7   1.5   28.7   95.5   12.8  
 
16. 2 to 30 days 3.23   7,242   242   404   74.0   23.1   30.9   73.0   11.5  
17.   Minimal risk 2.01   244   979   299   59.3   7.6   7.1   72.1   6.6  
18.   Low risk 3.14   1,592   259   328   68.0   6.9   44.3   55.6   14.7  
19.   Moderate risk 3.36   3,276   244   527   73.8   20.6   31.5   68.6   11.1  
20.   Other 3.34   1,525   198   288   85.1   28.5   12.0   91.6   11.5  
 
21. 31 to 365 days 3.40   5,059   482   372   69.3   21.1   9.7   94.7   10.9  
22.   Minimal risk 2.34   158   141   142   42.9   .5   13.3   86.3   12.9  
23.   Low risk 2.58   941   758   333   56.7   3.2   4.9   95.0   16.3  
24.   Moderate risk 3.35   1,935   418   455   66.2   24.9   12.4   95.3   10.8  
25.   Other 4.30   1,478   654   317   93.2   10.6   5.8   95.4   9.4  
  Months  
26. More than 365 days 4.84   3,719   520   38   49.5   30.1   34.7   88.9   12.5  
27.   Minimal risk 5.10   121   443   87   90.9   .0   7.2   21.6   12.7  
28.   Low risk 3.97   135   165   37   67.0   3.7   21.0   66.6   27.7  
29.   Moderate risk 4.64   2,243   668   37   43.9   26.5   37.6   93.8   13.3  
30.   Other 5.59   877   462   35   43.4   28.5   42.8   87.1   8.5  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   7.5 - 99 4.55   2,514   3.2   103   87.2   7.8   68.0   72.4   8.1  
32.   100 - 999 4.15   8,986   3.3   80   79.1   11.9   62.6   79.6   10.9  
33.   1,000 - 9,999 3.39   10,851   3.2   142   60.0   19.3   39.0   92.8   14.9  
34.   10,000+ 3.08   10,954   2.8   240   39.1   33.8   21.4   90.2   9.4  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 4.40   13,910   3.3   82   69.2   8.4   199   82.4   11.8  
36.   Other 2.99   19,395   3.0   207   53.9   30.4   516   90.0   11.5   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 2-6, 2010                          For immediate release
3. Commercial and industrial loans made by large domestic banks1                         October 6, 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 3.41   29,997   413   548   57.4   23.4   39.3   88.1   11.9  
 2.   Minimal risk 1.54   1,590   1,843   155   26.2   6.2   10.5   46.3   9.4  
 3.   Low risk 2.93   4,074   387   539   61.9   4.1   40.2   75.7   13.4  
 4.   Moderate risk 3.42   13,307   431   630   52.8   21.9   38.8   90.9   13.4  
 5.   Other 4.23   7,963   328   535   69.6   17.6   45.1   95.4   11.5  
 
 6. Zero interval 3.73   11,360   330   631   60.4   18.1   61.4   94.8   12.3  
 7.   Minimal risk 1.66   438   1,116   333   43.7   18.0   22.9   88.5   8.8  
 8.   Low risk 3.51   1,221   372   909   65.3   1.9   51.1   83.8   10.3  
 9.   Moderate risk 3.30   5,061   355   595   52.7   16.2   52.8   96.5   14.1  
10.   Other 4.40   3,914   276   646   64.7   14.1   74.2   96.9   12.1  
 
11. Daily 2.09   3,754   942   231   17.7   30.0   29.7   79.0   10.6  
12.   Minimal risk 1.35   758   5,436   3   4.0   .0   4.8   4.8   7.4  
13.   Low risk 1.23   336   545   193   38.0   .3   81.3   94.8   4.9  
14.   Moderate risk 2.97   1,356   653   413   14.1   27.6   43.9   99.3   17.0  
15.   Other 3.83   396   595   80   43.5   1.7   19.8   97.0   13.6  
 
16. 2 to 30 days 3.19   6,956   251   401   73.6   24.0   30.2   73.2   11.6  
17.   Minimal risk 2.01   243   1,048   299   59.1   7.6   7.2   72.1   6.6  
18.   Low risk 3.14   1,532   261   344   69.0   7.1   45.5   53.8   14.9  
19.   Moderate risk 3.30   3,091   256   520   72.6   21.7   30.1   69.4   11.2  
20.   Other 3.30   1,490   209   288   84.7   29.1   10.8   91.6   11.7  
 
21. 31 to 365 days 3.21   4,639   1,161   367   67.5   22.8   7.3   96.8   11.3  
22.   Minimal risk 1.54   117   1,722   126   23.2   .6   4.7   99.7   14.7  
23.   Low risk 2.37   875   1,587   345   54.3   3.4   2.4   96.3   17.2  
24.   Moderate risk 3.06   1,734   1,114   438   63.9   27.2   9.0   97.5   10.9  
25.   Other 4.23   1,402   1,023   320   93.3   11.1   4.4   96.7   9.7  
  Months  
26. More than 365 days 4.62   3,228   1,600   35   42.5   34.1   38.1   94.9   13.4  
27.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
28.   Low risk 3.30   109   617   33   60.2   2.4   20.2   66.7   34.1  
29.   Moderate risk 4.50   2,041   2,455   36   39.2   28.5   39.5   98.0   13.9  
30.   Other 5.44   727   1,225   33   32.3   33.8   49.8   91.9   9.6  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   7.5 - 99 4.12   1,682   3.3   32   86.7   10.5   68.2   69.1   8.8  
32.   100 - 999 3.92   7,297   3.3   53   76.4   14.3   61.9   81.0   11.6  
33.   1,000 - 9,999 3.30   10,097   3.2   109   58.3   20.7   37.4   94.2   15.1  
34.   10,000+ 3.07   10,921   2.9   240   39.3   33.9   21.5   90.1   9.4  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 4.30   11,780   3.2   87   66.3   9.6   252   83.1   12.2  
36.   Other 2.84   18,217   3.0   173   51.6   32.3   706   91.4   11.7   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 2-6, 2010                          For immediate release
4. Commercial and industrial loans made by small domestic banks1                         October 6, 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 5.06   3,308   94   637   87.4   1.7   64.4   75.3   8.3  
 2.   Minimal risk 5.79   159   87   2,143   98.8   .0   27.6   32.2   5.4  
 3.   Low risk 4.64   312   92   461   81.7   1.4   57.5   90.8   10.3  
 4.   Moderate risk 4.87   1,641   100   576   86.5   2.3   68.1   72.3   9.5  
 5.   Other 5.35   993   91   570   87.4   1.3   75.6   80.8   6.7  
 
 6. Zero interval 4.84   1,821   103   374   87.2   1.1   82.2   83.1   8.4  
 7.   Minimal risk 4.76   23   69   540   96.1   .3   87.3   83.5   8.6  
 8.   Low risk 4.67   119   108   549   94.9   .6   86.1   95.8   11.3  
 9.   Moderate risk 4.61   861   115   331   87.8   1.5   81.8   78.7   8.3  
10.   Other 5.15   683   92   419   83.7   1.0   94.3   84.7   8.5  
 
11. Daily 4.49   279   85   381   75.5   .5   99.2   81.3   18.9  
12.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
13.   Low risk 4.37   33   59   543   92.4   1.3   100.0   100.0   23.3  
14.   Moderate risk 4.33   190   99   353   67.6   .5   98.9   77.6   22.0  
15.   Other 5.10   49   78   390   91.1   .0   100.0   82.9   5.1  
 
16. 2 to 30 days 4.25   285   127   452   84.0   1.1   48.4   68.0   8.3  
17.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
18.   Low risk 3.33   60   216   105   41.9   .0   13.8   100.0   10.9  
19.   Moderate risk 4.38   185   138   607   94.5   1.2   56.1   54.9   8.2  
20.   Other 4.84   34   60   280   99.9   2.8   63.1   90.2   3.9  
 
21. 31 to 365 days 5.60   420   65   433   89.9   2.9   36.1   72.3   5.5  
22.   Minimal risk 4.65   41   39   189   99.8   .0   37.9   47.6   1.0  
23.   Low risk 5.31   66   95   173   88.6   1.2   37.9   77.4   2.2  
24.   Moderate risk 5.85   201   65   594   85.8   5.1   41.6   76.5   9.3  
25.   Other 5.54   76   85   259   91.8   1.2   31.0   72.4   .6  
  Months  
26. More than 365 days 6.27   491   96   60   95.2   3.7   12.1   49.4   .9  
27.   Minimal risk 6.71   87   350   113   98.9   .0   1.6   7.1   .1  
28.   Low risk 6.72   27   41   50   95.2   9.4   24.4   66.2   .7  
29.   Moderate risk 6.01   202   80   50   91.8   5.9   18.9   51.6   1.3  
30.   Other 6.34   149   115   47   97.6   2.5   8.4   64.0   .6  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   7.5 - 99 5.40   832   3.2   248   88.1   2.3   67.7   78.9   6.9  
32.   100 - 999 5.14   1,689   3.3   194   90.7   1.7   65.4   73.5   7.4  
33.   1,000 - 9,999 4.59   753   3.0   585   82.7   1.0   61.2   74.1   11.5  
34.   10,000+ ...   ...   ...   ...   ...   ...   ...   ...   ...  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 4.94   2,129   3.3   54   85.4   1.6   91   78.7   9.3  
36.   Other 5.29   1,178   2.9   733   90.9   1.9   100   69.1   6.0   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 2-6, 2010                              For immediate release
5. Commercial and industrial loans made by U.S. branches and agencies of foreign banks1      October 6, 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 1.53   25,722   6,991   321   22.8   47.3   3.9   68.8   8.4  
 2.   Minimal risk .84   1,206   8,694   151   7.2   74.7   .0   100.0   .9  
 3.   Low risk 1.15   2,650   6,163   232   3.8   83.0   2.9   94.8   6.0  
 4.   Moderate risk 1.41   7,523   8,460   138   51.8   64.9   6.1   32.3   10.2  
 5.   Other 1.99   5,639   4,558   172   29.3   67.2   5.8   50.6   9.1  
 
 6. Zero interval 4.10   1,294   1,410   985   44.6   8.6   63.5   100.0   9.7  
 7.   Minimal risk 2.69   65   1,370   318   1.9   .0   .0   100.0   16.3  
 8.   Low risk 2.77   114   1,296   617   18.9   21.3   67.1   100.0   25.9  
 9.   Moderate risk 4.13   644   1,841   1,352   23.3   13.4   65.5   100.0   5.0  
10.   Other 4.62   462   1,077   803   85.7   .1   70.0   100.0   11.5  
 
11. Daily .93   10,777   16,095   73   33.6   62.1   .5   35.0   4.5  
12.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
13.   Low risk .68   1,175   14,146   3   .8   92.5   .0   93.3   .1  
14.   Moderate risk .82   5,106   28,243   3   65.9   73.3   .0   4.3   6.7  
15.   Other 1.03   2,297   9,886   15   10.1   57.6   .0   11.2   11.3  
 
16. 2 to 30 days 1.56   7,408   6,543   323   14.6   50.5   .0   87.4   7.3  
17.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
18.   Low risk .88   633   7,085   203   2.3   90.6   .0   90.8   9.8  
19.   Moderate risk 1.29   987   5,074   163   18.0   83.3   .0   80.8   18.4  
20.   Other 2.03   2,097   6,215   48   37.6   86.8   .1   67.5   6.8  
 
21. 31 to 365 days 1.96   6,071   6,519   640   9.6   26.4   2.0   98.7   12.0  
22.   Minimal risk 1.43   250   3,956   562   28.7   25.3   .0   100.0   .0  
23.   Low risk 1.89   726   4,371   566   7.7   70.7   .1   99.9   8.6  
24.   Moderate risk 3.14   786   4,886   297   26.5   29.3   4.8   97.9   7.0  
25.   Other 3.13   779   3,310   618   30.0   82.8   .0   91.7   11.5  
  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 4.04   18   3.3   32   42.5   14.2   57.2   96.6   15.3  
32.   100 - 999 2.96   467   3.2   35   31.1   26.4   28.6   94.5   16.3  
33.   1,000 - 9,999 1.96   5,639   3.4   22   26.0   49.6   8.2   82.4   10.8  
34.   10,000+ 1.38   19,598   3.0   16   21.7   47.2   2.0   64.3   7.2  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 4.86   1,004   3.4   5   44.1   10.6   1,305   99.5   12.1  
36.   Other 1.40   24,717   3.1   18   22.0   48.8   8,495   67.6   8.2   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 2-6, 2010                                   For immediate release
6. Commercial and industrial loans by date pricing terms were set and commitment status           October 6, 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 2.15   28,964   753   2.9   90   36.1   39.7   16.0  
 2.   Not under commitment 1.97   12,407   475   3.1   69   55.1   47.3   19.8  
 3.   Informal commitment 1.43   10,960   1,736   2.5   30   5.9   38.4   4.2  
 4.   Formal commitment 3.95   5,596   926   3.0   250   52.8   25.3   30.5  
    Before survey week9
 5.   Up to 90 days 3.34   8,730   399   3.2   102   51.9   27.9   32.9  
 6.   91 to 365 days 3.79   9,056   270   3.3   129   65.1   26.6   39.9  
 6.   More than 365 days 2.67   12,239   725   3.2   77   41.3   23.7   31.0  
 
Domestic banks
 8. During survey week 4.07   9,403   258   2.8   246   68.7   15.5   46.6  
 9.   Not under commitment 3.93   4,382   171   2.5   190   72.0   5.5   55.8  
10.   Informal commitment 4.62   651   126   3.2   217   89.2   17.7   62.6  
11.   Formal commitment 4.12   4,370   773   3.2   306   62.5   25.3   35.0  
    Before survey week9
12.   Up to 90 days 3.30   7,691   355   3.2   113   53.9   26.1   35.2  
13.   91 to 365 days 3.81   7,633   230   3.2   146   67.2   23.5   43.1  
14.   More than 365 days 3.08   8,540   538   3.2   99   50.5   21.1   41.1  
 
Large domestic banks
15. During survey week 3.77   7,977   377   2.8   195   64.7   18.0   44.7  
16.   Not under commitment 3.45   3,565   199   2.3   70   67.9   6.1   55.9  
17.   Informal commitment 3.92   359   253   3.3   157   84.5   31.5   63.9  
18.   Formal commitment 4.03   4,053   2,185   3.1   307   60.1   27.2   33.1  
    Before survey week9
19.   Up to 90 days 3.16   7,111   460   3.2   98   51.1   28.1   32.7  
20.   91 to 365 days 3.70   6,887   292   3.2   158   65.0   26.0   40.5  
21.   More than 365 days 3.04   8,022   650   3.2   105   49.0   22.3   38.6  
 
Small domestic banks
22. During survey week 5.75   1,426   93   3.1   532   91.5   1.9   57.6  
23.   Not under commitment 6.04   817   106   3.0   713   89.9   2.9   55.4  
24.   Informal commitment 5.47   292   78   3.2   291   95.0   .6   61.0  
25.   Formal commitment 5.27   317   83   3.3   287   92.6   .7   60.0  
    Before survey week9
26.   Up to 90 days 5.09   580   93   3.4   298   88.0   1.1   65.9  
27.   91 to 365 days 4.80   746   78   3.3   41   87.5   1.0   67.0  
28.   More than 365 days 3.58   518   146   3.0   7   74.4   2.3   79.2  
 
Foreign banks
29. During survey week 1.23   19,561   9,773   3.0   14   20.4   51.3   1.2  
30.   Not under commitment .89   8,025   16,668   3.4   3   45.9   70.1   .1  
31.   Informal commitment 1.23   10,310   9,132   2.4   18   .7   39.7   .5  
32.   Formal commitment 3.35   1,227   3,137   2.7   50   18.5   25.3   14.2  
    Before survey week9
33.   Up to 90 days 3.64   1,039   4,454   3.5   23   37.2   41.1   15.9  
34.   91 to 365 days 3.71   1,422   3,222   3.6   36   53.7   42.9   22.6  
35.   More than 365 days 1.75   3,699   3,689   3.3   26   20.0   29.8   7.6   
...  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   3.40   3.37   3.58   3.24  
Standard error of loan rate4 .27   .17   .20   .13   .33  

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 June 30, 2010, assets of the large banks were at least $3.7 billion. Median total assets for all insured banks were roughly $143 million. Assets at all U.S. branches and agencies averaged $7.6 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: October 6, 2010