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

Release Date: January 20, 2011
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FEDERAL RESERVE STATISTICAL RELEASE




E.2 SURVEY OF TERMS OF BUSINESS LENDING, NOVEMBER 1-5, 2010                        For immediate release
1. Commercial and industrial loans made by all commercial banks1                        January 20, 2011
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 2.67   71,612   582   430   52.2   42.1   25.4   68.3   13.9  
 2.   Minimal risk 1.47   4,261   1,570   194   23.3   32.7   10.5   52.6   9.5  
 3.   Low risk 2.20   11,003   574   419   37.9   34.4   24.0   75.4   11.9  
 4.   Moderate risk 2.44   35,454   652   354   59.4   46.0   23.0   61.4   13.7  
 5.   Other 3.76   14,292   375   507   63.0   28.1   39.0   90.2   14.6  
 
 6. Zero interval 3.73   18,440   326   647   64.2   20.2   61.1   93.6   13.6  
 7.   Minimal risk 1.65   1,196   1,622   319   32.7   41.7   25.6   72.0   15.3  
 8.   Low risk 3.17   1,740   367   625   63.9   12.5   57.5   89.9   15.1  
 9.   Moderate risk 3.63   8,350   355   683   63.5   18.4   58.2   95.8   13.8  
10.   Other 4.34   6,579   274   653   69.1   18.9   71.1   96.5   13.2  
 
11. Daily 1.17   21,632   2,958   116   47.3   65.1   7.4   33.2   10.9  
12.   Minimal risk 1.17   1,884   5,194   5   3.1   12.7   1.4   16.6   .3  
13.   Low risk 1.62   2,968   1,746   330   16.5   46.5   17.8   71.6   4.5  
14.   Moderate risk 1.01   14,316   4,339   89   65.1   77.4   4.7   27.2   12.6  
15.   Other 2.21   948   662   97   29.3   16.5   21.9   54.7   16.4  
 
16. 2 to 30 days 2.63   19,470   502   339   46.8   39.1   17.2   74.7   14.3  
17.   Minimal risk 1.34   849   1,834   384   35.6   61.7   9.6   94.7   3.6  
18.   Low risk 2.04   5,078   552   334   37.0   37.5   19.0   69.8   14.8  
19.   Moderate risk 3.07   8,083   425   344   50.7   31.3   20.7   68.4   13.0  
20.   Other 2.89   4,125   526   348   58.1   48.5   6.8   88.7   16.0  
 
21. 31 to 365 days 3.48   8,033   657   624   46.4   38.6   6.9   79.3   15.9  
22.   Minimal risk 2.95   286   285   217   73.4   45.8   6.1   86.0   18.4  
23.   Low risk 2.60   990   381   519   53.9   21.4   5.9   90.1   10.3  
24.   Moderate risk 3.06   2,984   572   350   53.1   18.1   7.4   93.8   15.6  
25.   Other 3.74   1,760   734   370   66.5   31.0   7.1   91.8   17.7  
  Months  
26. More than 365 days 4.44   3,799   514   40   60.6   40.9   34.8   86.6   16.3  
27.   Minimal risk 1.77   44   337   33   64.9   .0   35.1   39.4   32.0  
28.   Low risk 4.18   178   214   54   65.5   16.5   26.5   66.6   14.6  
29.   Moderate risk 4.53   1,671   523   36   41.1   36.1   44.2   90.1   15.8  
30.   Other 5.36   744   374   32   74.8   7.8   34.0   82.1   13.9  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   7.5 - 99 4.61   2,860   3.2   106   88.1   7.7   70.2   65.9   7.5  
32.   100 - 999 4.04   10,846   3.2   98   77.9   14.4   62.2   78.4   11.8  
33.   1,000 - 9,999 2.97   20,339   3.1   90   50.6   31.2   29.9   91.6   16.3  
34.   10,000+ 1.96   37,566   2.8   65   42.9   58.6   8.9   52.9   13.1  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 4.38   18,166   3.2   75   68.5   7.4   224   80.9   13.6  
36.   Other 2.09   53,446   2.9   80   46.6   53.9   1,276   64.0   14.0   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, NOVEMBER 1-5, 2010                        For immediate release
2. Commercial and industrial loans made by domestic banks1                              January 20, 2011
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 3.60   42,194   355   616   57.8   25.3   39.7   77.6   14.8  
 2.   Minimal risk 1.57   3,065   1,214   195   21.2   18.0   14.5   34.1   14.6  
 3.   Low risk 2.95   6,259   337   612   59.8   11.8   39.5   66.9   15.0  
 4.   Moderate risk 3.64   18,945   357   587   57.7   24.7   40.3   83.2   15.8  
 5.   Other 4.22   10,303   280   548   71.3   19.8   48.7   92.1   14.3  
 
 6. Zero interval 3.69   17,056   307   629   65.2   20.9   60.4   93.1   13.5  
 7.   Minimal risk 1.49   1,118   1,561   306   34.9   44.6   27.4   70.1   15.9  
 8.   Low risk 3.17   1,567   334   647   69.9   13.9   56.0   88.8   13.8  
 9.   Moderate risk 3.59   7,958   344   678   64.4   18.9   57.4   95.6   13.8  
10.   Other 4.32   5,863   250   601   68.8   19.0   70.6   96.1   13.1  
 
11. Daily 2.46   4,903   727   404   23.5   25.3   30.6   61.7   19.4  
12.   Minimal risk 1.29   1,604   4,573   3   2.0   .0   1.6   2.0   2.9  
13.   Low risk 3.43   880   544   1,185   55.7   11.4   59.9   76.2   11.9  
14.   Moderate risk 2.66   1,964   639   467   17.9   52.9   33.3   96.7   23.5  
15.   Other 4.13   330   242   255   56.7   22.3   63.0   92.6   11.8  
 
16. 2 to 30 days 3.44   11,115   298   386   62.7   24.9   28.8   60.8   15.6  
17.   Minimal risk 2.77   203   527   1,027   57.9   24.9   40.0   77.7   11.0  
18.   Low risk 2.63   2,944   331   338   53.4   10.0   32.8   48.0   18.4  
19.   Moderate risk 3.91   5,256   284   377   63.0   26.2   30.1   53.9   14.5  
20.   Other 3.49   2,197   298   397   72.5   30.7   12.8   86.0   16.6  
 
21. 31 to 365 days 4.01   5,698   493   723   54.3   35.8   8.6   73.0   15.5  
22.   Minimal risk 4.52   95   102   251   83.4   .0   18.4   57.7   8.8  
23.   Low risk 2.94   690   280   474   67.8   15.1   8.2   86.1   12.9  
24.   Moderate risk 3.40   2,159   432   343   65.9   12.1   9.5   91.8   17.2  
25.   Other 4.41   1,119   500   341   82.5   10.2   9.9   90.0   17.9  
  Months  
26. More than 365 days 4.70   3,310   458   41   58.9   32.3   36.5   84.7   15.0  
27.   Minimal risk 1.77   44   337   33   64.9   .0   35.1   39.4   32.0  
28.   Low risk 4.20   172   210   55   67.5   13.9   24.0   65.4   15.4  
29.   Moderate risk 4.54   1,559   490   37   43.7   31.6   40.2   89.4   17.0  
30.   Other 5.36   740   375   32   75.2   7.9   34.2   82.0   13.8  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   7.5 - 99 4.61   2,840   3.2   106   88.5   7.6   70.4   65.8   7.5  
32.   100 - 999 4.10   10,280   3.2   99   79.9   12.9   63.7   77.6   11.1  
33.   1,000 - 9,999 3.34   13,869   3.2   98   58.8   23.6   39.0   92.0   16.2  
34.   10,000+ 3.31   15,205   2.7   141   36.2   38.6   18.2   66.5   17.4  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 4.39   16,733   3.2   76   70.3   5.8   209   79.3   13.1  
36.   Other 3.08   25,461   2.9   140   49.6   38.1   656   76.4   16.0   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, NOVEMBER 1-5, 2010                        For immediate release
3. Commercial and industrial loans made by large domestic banks1                        January 20, 2011
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   37,999   447   588   55.3   27.6   36.3   77.4   15.5  
 2.   Minimal risk 1.41   2,915   2,687   170   17.6   18.9   12.2   32.5   16.0  
 3.   Low risk 2.77   5,510   397   462   56.5   12.1   33.7   66.6   15.4  
 4.   Moderate risk 3.54   17,282   438   592   56.0   26.7   38.1   83.3   16.7  
 5.   Other 4.09   8,978   355   543   70.1   22.1   44.1   93.0   14.7  
 
 6. Zero interval 3.58   15,190   374   652   64.3   23.1   56.5   93.5   13.7  
 7.   Minimal risk 1.44   1,103   2,159   306   34.1   45.3   26.4   70.0   16.0  
 8.   Low risk 3.00   1,350   366   676   71.0   16.1   49.0   87.2   13.5  
 9.   Moderate risk 3.50   7,282   404   701   63.5   20.2   54.1   96.2   14.3  
10.   Other 4.27   5,041   311   638   68.6   21.9   66.1   96.9   12.9  
 
11. Daily 2.16   4,305   1,172   217   13.6   27.2   21.3   62.0   20.8  
12.   Minimal risk 1.28   1,598   8,740   2   1.6   .0   1.2   1.6   3.2  
13.   Low risk 2.94   559   774   76   30.4   6.1   38.0   93.7   13.0  
14.   Moderate risk 2.49   1,816   945   467   12.8   57.0   28.5   99.1   24.0  
15.   Other 3.25   207   409   234   33.1   35.1   41.0   98.2   15.8  
 
16. 2 to 30 days 3.42   10,637   307   379   61.5   25.9   27.2   59.2   16.3  
17.   Minimal risk 2.59   151   484   1,000   43.4   33.5   20.1   70.0   16.2  
18.   Low risk 2.64   2,895   336   337   53.7   10.1   32.8   47.1   18.2  
19.   Moderate risk 3.91   4,994   289   382   61.2   27.5   28.9   51.5   15.5  
20.   Other 3.39   2,093   321   377   71.1   32.0   9.2   85.5   17.4  
 
21. 31 to 365 days 3.87   5,003   1,458   773   51.6   40.5   5.6   72.9   17.3  
22.   Minimal risk 3.07   28   616   257   92.8   .0   .0   94.7   16.3  
23.   Low risk 2.52   580   917   521   62.2   17.1   1.5   88.8   14.2  
24.   Moderate risk 3.12   1,787   1,400   342   67.4   14.3   5.0   94.3   19.8  
25.   Other 4.27   1,018   885   310   82.1   11.2   8.2   90.8   19.3  
  Months  
26. More than 365 days 4.43   2,759   1,346   35   52.4   36.4   39.6   90.1   16.2  
27.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
28.   Low risk 3.61   126   609   53   55.6   17.9   19.8   71.1   18.6  
29.   Moderate risk 4.30   1,354   1,674   35   38.1   35.3   44.1   95.1   18.3  
30.   Other 5.20   565   978   26   68.4   2.2   43.4   87.6   13.9  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   7.5 - 99 4.23   2,013   3.2   32   87.6   9.7   72.6   60.7   8.4  
32.   100 - 999 3.90   8,389   3.2   55   78.2   15.1   61.9   77.5   12.1  
33.   1,000 - 9,999 3.25   12,430   3.2   89   58.3   25.3   35.1   93.3   16.5  
34.   10,000+ 3.31   15,167   2.7   142   36.0   38.7   18.3   66.4   17.4  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 4.32   13,783   3.2   75   68.1   6.3   240   78.9   13.9  
36.   Other 2.99   24,216   2.9   114   48.1   39.7   879   76.5   16.5   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, NOVEMBER 1-5, 2010                        For immediate release
4. Commercial and industrial loans made by small domestic banks1                        January 20, 2011
Maturity/repricing interval2
and risk3 of loans		 Weighted-
average
effective
loan rate4
(percent)		 Total value of
loans
($ millions)		 Average
loan size
($ thousands)		 Weighted-
average
maturity5		 Percent of value of loans Commitment status
Secured
by
collateral		 Subject to
prepayment
penalty		 Prime based Percent
made under
commitment		 Average
months
since loan
terms set6
  Days  
 1. All C&I loans 4.80   4,195   123   854   80.0   4.7   70.3   79.3   8.5  
 2.   Minimal risk 4.54   150   104   709   90.7   .0   59.6   65.7   1.2  
 3.   Low risk 4.33   748   159   1,563   84.3   9.8   81.9   69.3   11.9  
 4.   Moderate risk 4.69   1,663   122   543   75.5   3.8   63.2   82.0   5.7  
 5.   Other 5.04   1,325   115   583   79.6   4.4   79.4   86.3   11.6  
 
 6. Zero interval 4.59   1,865   125   434   72.0   2.4   92.9   89.6   11.7  
 7.   Minimal risk 5.19   15   73   272   98.0   .0   95.7   75.2   5.0  
 8.   Low risk 4.23   217   214   433   63.7   .0   99.2   99.2   15.2  
 9.   Moderate risk 4.54   676   132   413   73.8   5.4   93.0   88.7   8.0  
10.   Other 4.62   822   113   375   70.0   .9   98.1   91.0   14.5  
 
11. Daily 4.66   598   194   1,621   94.4   11.9   97.2   59.4   8.3  
12.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
13.   Low risk 4.28   321   358   2,681   99.8   20.8   98.0   45.6   7.9  
14.   Moderate risk 4.72   147   128   466   81.0   2.3   93.1   68.0   13.6  
15.   Other 5.59   123   143   282   96.3   .8   100.0   83.2   4.0  
 
16. 2 to 30 days 3.96   477   182   503   90.1   1.7   64.0   96.3   5.2  
17.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
18.   Low risk 1.97   48   172   383   37.6   .0   30.5   100.0   26.2  
19.   Moderate risk 3.80   262   215   301   96.6   1.7   53.2   98.8   3.4  
20.   Other 5.49   104   119   755   99.6   3.0   86.1   96.1   3.3  
 
21. 31 to 365 days 5.05   695   86   365   73.4   1.5   30.5   74.0   2.7  
22.   Minimal risk 5.14   66   75   248   79.3   .0   26.4   41.8   1.4  
23.   Low risk 5.17   110   60   222   97.1   4.5   43.4   72.0   4.6  
24.   Moderate risk 4.77   372   100   348   58.8   1.4   31.0   79.9   1.9  
25.   Other 5.88   101   93   644   86.3   .3   26.2   81.1   2.5  
  Months  
26. More than 365 days 6.08   552   107   72   91.5   11.7   20.7   57.5   5.1  
27.   Minimal risk 6.19   10   89   81   100.0   .0   .0   8.1   7.4  
28.   Low risk 5.82   46   75   63   100.0   2.9   35.5   50.0   2.6  
29.   Moderate risk 6.14   205   86   53   80.3   7.2   14.6   51.8   .8  
30.   Other 5.89   175   125   51   97.3   26.3   4.2   63.7   13.2  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31.   7.5 - 99 5.53   827   3.2   288   90.7   2.4   65.2   78.1   5.8  
32.   100 - 999 5.01   1,891   3.3   292   87.4   3.1   71.9   78.1   6.3  
33.   1,000 - 9,999 4.15   1,439   3.0   176   63.6   8.3   73.1   80.9   12.9  
34.   10,000+ ...   ...   ...   ...   ...   ...   ...   ...   ...  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 4.73   2,950   3.2   81   80.5   3.6   130   81.3   9.5  
36.   Other 4.97   1,245   3.1   649   78.9   7.4   110   74.6   5.7   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, NOVEMBER 1-5, 2010                            For immediate release
5. Commercial and industrial loans made by U.S. branches and agencies of foreign banks1     January 20, 2011
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 1.32   29,418   7,492   191   44.2   66.1   4.9   54.9   12.0  
 2.   Minimal risk 1.20   1,196   6,343   190   28.6   70.6   .0   100.0   5.0  
 3.   Low risk 1.19   4,744   8,076   220   9.0   64.2   3.6   86.6   8.7  
 4.   Moderate risk 1.06   16,509   12,325   120   61.3   70.4   3.2   36.5   8.3  
 5.   Other 2.59   3,989   3,149   405   41.7   49.6   14.0   85.1   15.5  
 
 6. Zero interval 4.22   1,385   1,398   877   52.4   12.0   68.9   100.0   14.9  
 7.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
 8.   Low risk 3.14   173   3,617   469   9.2   .0   71.6   100.0   25.5  
 9.   Moderate risk 4.35   392   1,082   776   46.7   8.6   74.6   100.0   13.0  
10.   Other 4.53   716   1,294   1,146   72.0   18.4   75.1   100.0   13.6  
 
11. Daily .80   16,729   29,531   40   54.3   76.7   .6   24.8   4.7  
12.   Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
13.   Low risk .86   2,088   25,844   28   .0   61.3   .0   69.7   1.1  
14.   Moderate risk .75   12,353   54,803   39   72.6   81.3   .2   16.2   2.2  
15.   Other 1.19   619   8,993   26   14.7   13.5   .0   34.6   22.9  
 
16. 2 to 30 days 1.54   8,355   5,578   292   25.7   58.0   1.9   93.3   13.2  
17.   Minimal risk .90   646   8,310   216   28.6   73.2   .0   100.0   1.8  
18.   Low risk 1.24   2,134   7,278   330   14.4   75.5   .0   100.0   12.4  
19.   Moderate risk 1.53   2,827   5,378   300   28.0   40.7   3.2   95.5   11.5  
20.   Other 2.21   1,928   4,240   301   41.6   68.8   .0   91.9   15.3  
 
21. 31 to 365 days 2.18   2,335   3,511   385   27.4   45.5   2.9   94.5   16.6  
22.   Minimal risk 2.17   192   2,463   201   68.4   68.4   .0   100.0   21.1  
23.   Low risk 1.80   300   2,262   619   21.9   35.9   .7   99.1   5.0  
24.   Moderate risk 2.15   825   3,901   367   19.5   33.7   1.8   98.8   11.7  
25.   Other 2.58   641   4,017   420   38.6   67.2   2.3   95.0   17.4  
  Months  
26. More than 365 days 2.62   489   2,916   32   72.1   98.9   24.0   99.8   23.8  
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 3.49   20   3.3   60   40.5   22.7   43.3   90.1   9.3  
32.   100 - 999 2.94   566   3.2   72   41.9   41.1   34.0   92.9   23.1  
33.   1,000 - 9,999 2.18   6,471   3.1   72   32.9   47.6   10.3   90.7   16.6  
34.   10,000+ 1.03   22,361   2.9   12   47.5   72.1   2.5   43.6   8.6  
    Base rate of loan7   Average size
($ thousands)		  
35.   Prime8 4.17   1,433   3.3   60   48.3   25.1   1,669   99.3   18.0  
36.   Other 1.18   27,985   2.9   25   43.9   68.2   9,122   52.6   11.4   
...  The number of loans was insufficient to provide a meaningful value.
E.2 SURVEY OF TERMS OF BUSINESS LENDING, NOVEMBER 1-5, 2010                                 For immediate release
6. Commercial and industrial loans by date pricing terms were set and commitment status          January 20, 2011
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 2.25   35,317   755   2.8   72   49.8   56.9   16.5  
 2.   Not under commitment 2.10   22,733   666   2.8   46   58.1   58.6   15.3  
 3.   Informal commitment 1.37   5,680   937   2.6   45   11.2   85.2   8.2  
 4.   Formal commitment 3.47   6,904   1,049   3.1   181   54.1   28.0   27.4  
    Before survey week9
 5.   Up to 90 days 2.90   8,414   435   3.1   76   43.8   20.3   32.8  
 6.   91 to 365 days 3.54   10,493   274   3.1   73   64.5   24.9   40.6  
 6.   More than 365 days 2.87   17,353   957   3.2   96   53.7   32.8   30.5  
 
Domestic banks
 8. During survey week 4.05   14,765   327   2.6   157   54.7   27.8   37.4  
 9.   Not under commitment 4.00   9,470   281   2.4   106   44.6   26.7   36.6  
10.   Informal commitment 4.32   726   130   3.0   260   79.6   11.3   59.7  
11.   Formal commitment 4.11   4,569   775   3.1   246   71.5   32.6   35.5  
    Before survey week9
12.   Up to 90 days 3.59   5,529   292   3.3   107   59.9   24.3   46.3  
13.   91 to 365 days 3.57   8,776   233   3.2   73   67.1   22.7   44.6  
14.   More than 365 days 3.13   13,088   779   3.2   98   54.0   24.8   36.1  
 
Large domestic banks
15. During survey week 3.89   12,784   425   2.6   115   50.3   31.1   33.7  
16.   Not under commitment 3.85   8,600   328   2.3   71   40.4   28.9   33.8  
17.   Informal commitment 4.07   269   145   3.2   43   95.0   27.4   84.5  
18.   Formal commitment 3.96   3,915   1,895   3.2   217   68.9   36.1   29.9  
    Before survey week9
19.   Up to 90 days 3.42   4,847   352   3.2   104   55.5   26.9   41.9  
20.   91 to 365 days 3.42   7,858   292   3.2   76   65.0   25.1   40.8  
21.   More than 365 days 3.10   12,501   884   3.2   97   54.3   25.8   33.9  
 
Small domestic banks
22. During survey week 5.08   1,981   131   2.8   425   82.9   6.5   61.1  
23.   Not under commitment 5.47   870   116   2.8   449   86.5   5.2   63.6  
24.   Informal commitment 4.47   457   122   2.9   387   70.5   1.8   45.1  
25.   Formal commitment 5.00   654   171   2.8   418   86.9   11.6   68.9  
    Before survey week9
26.   Up to 90 days 4.82   682   133   3.6   129   91.4   5.6   77.9  
27.   91 to 365 days 4.92   918   85   3.3   51   85.2   2.0   77.5  
28.   More than 365 days 3.71   587   220   3.4   112   47.8   1.6   82.4  
 
Foreign banks
29. During survey week .96   20,551   12,689   2.9   11   46.2   77.8   1.5  
30.   Not under commitment .75   13,263   27,997   3.0   3   67.7   81.4   .1  
31.   Informal commitment .93   4,954   10,821   2.6   13   1.1   96.0   .6  
32.   Formal commitment 2.21   2,334   3,392   3.0   53   19.9   18.8   11.4  
    Before survey week9
33.   Up to 90 days 1.59   2,885   6,887   2.9   17   12.8   12.8   7.0  
34.   91 to 365 days 3.35   1,717   3,036   2.9   71   51.1   36.3   20.2  
35.   More than 365 days 2.10   4,265   3,225   3.1   91   52.6   57.6   13.5   
...  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   3.41   3.39   3.53   3.23  
Standard error of loan rate4 .29   .14   .15   .09   .31  

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 September 30, 2010, assets of the large banks were at least $3.3 billion. Median total assets for all insured banks were roughly $144 million. Assets at all U.S. branches and agencies averaged $8.4 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: January 20, 2011