Board of Governors of the Federal Reserve System

Survey of Terms of Business Lending - E.2

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Current Release (37 KB PDF)

Release Date: March 21, 2011

December 21, 2011
The originally published E.2 statistical release contained loans that were misreported and that materially affected some reported values, particularly for small banks. This issue has been corrected. This updated release includes these corrections as well as all other edits reported by banks between the original data release on March 21, 2011 and this publication on December 21, 2011.

E.2 Survey of Terms of Business Lending
FEBRUARY 7-11, 2011

1. Commercial and industrial loans made by all commercial banks 1
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 2.43   76,417   634   450   51.3   47.6   21.9   73.8   14.6  
2. Minimal risk 1.59   4,649   1,627   200   52.7   43.8   9.1   81.4   15.9  
3. Low risk 1.96   12,811   765   617   33.6   44.4   16.1   82.7   17.2  
4. Moderate risk 2.27   36,595   662   386   58.6   50.7   21.7   60.8   12.8  
5. Other 3.28   17,141   457   480   52.2   45.3   29.7   85.9   12.0  
 
6. Zero interval 3.46   20,322   331   607   61.5   28.4   55.1   94.3   13.0  
7. Minimal risk 2.24   1,180   1,252   424   75.9   46.5   25.9   85.9   9.3  
8. Low risk 2.82   2,484   507   498   56.5   21.5   49.5   88.8   16.9  
9. Moderate risk 3.36   9,098   319   643   54.8   26.0   53.8   96.7   13.0  
10. Other 3.93   7,026   297   618   67.7   29.2   60.7   94.4   12.5  
 
11. Daily 1.10   20,969   3,057   65   53.0   69.1   5.3   28.6   10.8  
12. Minimal risk 1.44   654   2,363   64   11.3   .0   6.8   11.0   4.7  
13. Low risk 1.11   2,062   1,400   51   9.4   47.6   7.8   60.2   3.8  
14. Moderate risk .96   15,281   4,331   39   68.7   77.5   4.2   19.5   11.1  
15. Other 1.74   2,387   1,570   164   14.7   68.6   6.9   47.4   2.7  
 
16. 2 to 30 days 2.21   20,315   583   384   38.5   50.0   11.0   87.0   17.6  
17. Minimal risk 1.40   786   1,889   210   58.7   68.9   2.0   94.0   15.1  
18. Low risk 1.57   5,425   717   258   33.1   53.9   8.8   88.4   23.1  
19. Moderate risk 2.46   7,422   466   471   39.7   41.0   15.1   81.7   11.4  
20. Other 2.48   4,381   527   433   47.1   68.1   3.8   88.4   14.1  
 
21. 31 to 365 days 2.76   10,121   1,043   428   47.9   39.1   7.5   94.7   13.4  
22. Minimal risk 1.18   1,956   2,199   70   48.6   48.4   .8   98.9   20.1  
23. Low risk 2.04   2,098   1,159   363   28.7   39.8   4.3   96.1   9.5  
24. Moderate risk 3.62   2,987   776   694   66.3   28.5   13.0   91.6   12.6  
25. Other 3.62   2,319   1,146   293   44.5   42.3   2.6   92.9   11.6  
  Months  
26. More than 365 days 4.27   4,472   604   62   62.2   40.8   30.1   84.2   17.9  
27. Minimal risk 5.14   72   223   41   92.2   .0   60.1   34.9   9.6  
28. Low risk 4.24   685   788   195   37.3   54.3   7.7   40.9   30.7  
29. Moderate risk 4.83   1,716   510   44   56.9   23.1   48.5   92.5   19.2  
30. Other 5.08   959   542   32   75.0   6.0   42.1   90.6   12.7  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31. 7.5 - 99 4.46   2,835   3.2   89   85.8   10.7   68.0   68.8   7.8  
32. 100 - 999 4.01   10,009   3.3   96   76.0   19.9   57.3   85.4   10.6  
33. 1,000 - 9,999 3.02   19,397   3.1   94   54.0   40.2   30.4   92.7   13.4  
34. 10,000+ 1.69   44,176   2.9   157   42.4   59.5   7.3   63.2   17.1  
Base rate of loan7   Average size
($ thousands)		  
35. Prime8 4.33   16,771   3.2   104   67.0   7.9   221   87.2   14.7  
36. Other 1.90   59,646   2.9   138   46.9   58.8   1,342   70.0   14.6  
... The number of loans was insufficient to provide a meaningful value.
2. Commercial and industrial loans made by domestic banks 1
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 3.29   41,802   358   646   56.3   25.3   37.3   87.6   14.7  
2. Minimal risk 1.50   2,814   1,067   243   40.3   20.6   14.9   69.2   13.8  
3. Low risk 2.53   7,478   463   930   45.6   23.1   25.0   81.2   23.8  
4. Moderate risk 3.38   18,950   350   615   53.2   21.7   39.3   89.7   13.6  
5. Other 4.03   10,285   285   572   71.9   24.8   46.4   92.4   12.9  
 
6. Zero interval 3.41   19,078   315   586   62.0   29.9   54.6   93.9   12.7  
7. Minimal risk 2.10   1,054   1,169   403   85.0   52.0   29.0   84.2   7.7  
8. Low risk 2.76   2,303   474   477   57.4   23.2   47.4   88.1   16.1  
9. Moderate risk 3.33   8,679   307   622   55.4   26.9   52.6   96.6   12.7  
10. Other 3.88   6,509   280   592   66.8   31.0   60.9   94.0   12.5  
 
11. Daily 2.44   3,106   487   291   23.0   13.9   32.2   62.7   15.3  
12. Minimal risk 1.45   626   2,441   62   8.3   .0   7.1   7.0   7.5  
13. Low risk 2.45   354   252   243   53.6   21.2   45.7   94.6   14.1  
14. Moderate risk 2.52   1,870   563   364   18.7   16.0   33.4   71.3   17.9  
15. Other 4.92   204   149   570   55.6   7.1   79.3   89.7   4.5  
 
16. 2 to 30 days 2.79   9,925   299   457   57.4   24.2   22.1   82.9   18.9  
17. Minimal risk 2.16   130   407   362   37.4   24.7   11.9   63.6   10.2  
18. Low risk 1.97   3,016   417   272   47.9   19.0   15.8   79.1   34.3  
19. Moderate risk 2.96   4,491   292   551   53.9   18.9   24.1   82.7   13.3  
20. Other 3.36   1,436   186   360   85.9   19.6   11.7   89.9   14.3  
 
21. 31 to 365 days 3.26   5,863   637   331   49.7   15.5   10.8   92.2   13.6  
22. Minimal risk .49   931   1,128   94   7.7   .0   1.0   97.7   20.6  
23. Low risk 2.54   1,139   664   261   17.0   15.8   7.4   92.7   16.6  
24. Moderate risk 4.01   2,190   595   303   69.9   11.4   17.1   90.8   10.4  
25. Other 4.68   1,157   613   349   82.9   15.8   5.2   88.6   15.3  
  Months  
26. More than 365 days 4.74   3,755   519   68   61.4   30.1   35.1   81.2   17.3  
27. Minimal risk 5.14   72   223   41   92.2   .0   60.1   34.9   9.6  
28. Low risk 4.32   656   781   202   39.0   55.4   7.7   38.3   30.2  
29. Moderate risk 4.89   1,677   503   44   56.9   21.3   48.1   92.3   19.6  
30. Other 5.08   959   542   32   75.0   6.0   42.1   90.6   12.7  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31. 7.5 - 99 4.47   2,823   3.2   89   86.0   10.7   68.1   68.7   7.8  
32. 100 - 999 4.06   9,494   3.3   98   78.0   18.4   58.6   85.0   10.1  
33. 1,000 - 9,999 3.30   13,663   3.1   104   61.3   28.3   38.6   93.3   13.2  
34. 10,000+ 2.61   15,824   2.7   385   33.5   29.6   17.9   87.5   19.8  
Base rate of loan7   Average size
($ thousands)		  
35. Prime8 4.34   15,593   3.2   109   68.0   6.9   207   86.5   13.8  
36. Other 2.66   26,210   2.9   267   49.3   36.3   632   88.2   15.3  
... The number of loans was insufficient to provide a meaningful value.
3. Commercial and industrial loans made by large domestic banks 1
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 3.14   37,778   431   652   54.0   27.0   34.0   88.1   14.8  
2. Minimal risk 1.31   2,671   2,360   203   37.2   21.7   12.4   70.8   14.1  
3. Low risk 2.41   6,999   548   969   43.9   23.7   22.2   81.2   24.3  
4. Moderate risk 3.22   17,273   411   600   50.2   22.5   37.0   89.8   14.2  
5. Other 3.95   8,787   337   587   72.5   28.0   40.8   94.6   11.4  
 
6. Zero interval 3.31   17,189   364   597   61.2   32.5   50.3   94.1   11.9  
7. Minimal risk 2.09   1,046   1,405   404   84.9   52.4   28.5   84.1   7.7  
8. Low risk 2.66   2,137   547   494   56.4   25.0   43.4   87.2   16.0  
9. Moderate risk 3.22   8,090   346   610   53.0   28.4   49.9   96.8   13.1  
10. Other 3.83   5,436   327   636   68.6   35.8   53.6   94.8   9.6  
 
11. Daily 2.15   2,736   880   239   15.5   14.6   23.9   59.5   15.1  
12. Minimal risk 1.32   606   3,664   2   5.2   .0   4.0   5.5   5.2  
13. Low risk 2.02   298   367   223   45.6   24.8   35.5   93.6   12.8  
14. Moderate risk 2.31   1,661   1,007   310   12.8   16.1   26.4   69.0   17.7  
15. Other 4.62   126   272   816   35.1   9.9   67.8   98.8   3.4  
 
16. 2 to 30 days 2.76   9,629   307   462   57.3   24.2   21.7   82.6   19.0  
17. Minimal risk 1.96   123   698   382   33.8   26.1   7.0   66.8   10.2  
18. Low risk 1.99   2,960   420   276   48.5   17.9   16.0   78.7   34.3  
19. Moderate risk 2.94   4,345   298   562   53.9   19.2   23.7   82.2   13.3  
20. Other 3.28   1,360   191   344   85.3   20.1   9.5   89.6   14.8  
 
21. 31 to 365 days 2.95   5,033   1,455   334   43.7   17.7   4.4   95.2   15.1  
22. Minimal risk .29   890   30,313   84   3.4   .0   .0   100.0   21.0  
23. Low risk 2.26   1,028   1,337   269   11.9   15.5   1.2   96.8   17.5  
24. Moderate risk 3.67   1,785   1,284   291   65.7   13.9   5.9   90.0   12.6  
25. Other 4.65   1,025   947   348   81.0   17.9   4.3   98.1   15.5  
  Months  
26. More than 365 days 4.51   3,126   1,395   72   54.2   31.5   38.9   86.0   19.5  
27. Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
28. Low risk 4.17   575   2,596   224   30.4   63.1   6.6   36.8   35.6  
29. Moderate risk 4.65   1,349   1,448   44   47.3   16.9   57.5   98.1   22.7  
30. Other 4.87   818   1,369   30   71.5   5.7   47.9   96.9   13.9  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31. 7.5 - 99 4.17   2,130   3.2   28   85.5   12.9   68.5   66.3   7.8  
32. 100 - 999 3.82   7,808   3.3   54   76.4   20.3   57.5   86.5   10.7  
33. 1,000 - 9,999 3.22   12,385   3.0   87   59.7   29.7   35.7   93.9   13.1  
34. 10,000+ 2.59   15,455   2.7   394   33.8   30.3   16.0   87.2   19.1  
Base rate of loan7   Average size
($ thousands)		  
35. Prime8 4.29   12,840   3.2   115   67.1   7.3   230   86.2   13.1  
36. Other 2.54   24,938   2.8   248   47.3   37.2   786   89.1   15.7  
... The number of loans was insufficient to provide a meaningful value.
4. Commercial and industrial loans made by small domestic banks 1
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 4.71   4,025   138   598   77.2   9.4   68.4   82.6   13.6  
2. Minimal risk 5.20   143   95   989   100.0   .0   60.3   40.1   4.2  
3. Low risk 4.22   479   142   410   70.4   14.0   65.0   81.0   16.0  
4. Moderate risk 5.00   1,677   139   762   84.3   13.0   63.9   88.7   7.0  
5. Other 4.49   1,498   149   479   68.5   6.2   79.6   79.4   23.4  
 
6. Zero interval 4.34   1,889   142   478   69.6   5.9   94.3   92.2   19.8  
7. Minimal risk 3.88   8   49   273   100.0   .0   88.2   89.2   6.8  
8. Low risk 4.11   166   175   267   69.6   .3   98.5   99.9   17.4  
9. Moderate risk 4.77   589   121   811   88.7   6.6   90.3   93.5   8.0  
10. Other 4.12   1,073   163   363   58.0   6.6   98.0   89.9   27.9  
 
11. Daily 4.59   370   113   672   77.8   9.3   93.4   86.3   16.4  
12. Minimal risk 5.26   20   221   1,926   100.0   .0   99.8   53.2   14.8  
13. Low risk 4.78   56   94   300   96.4   1.7   100.0   100.0   20.4  
14. Moderate risk 4.21   209   125   854   65.9   15.2   89.1   89.5   18.9  
15. Other 5.41   77   86   278   88.9   2.5   98.1   74.9   6.9  
 
16. 2 to 30 days 3.62   296   166   325   58.7   23.2   36.4   92.6   15.0  
17. Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
18. Low risk .81   55   321   85   18.9   81.0   5.6   100.0   34.2  
19. Moderate risk 3.76   147   180   286   54.0   11.0   35.9   97.1   12.7  
20. Other 4.82   76   132   614   96.6   10.2   50.1   94.7   5.5  
 
21. 31 to 365 days 5.12   830   145   313   86.2   2.5   49.4   74.4   1.1  
22. Minimal risk 4.80   41   52   307   99.9   .0   21.2   47.9   1.2  
23. Low risk 5.08   111   117   184   64.1   17.9   64.9   55.3   2.2  
24. Moderate risk 5.50   405   177   354   88.8   .3   66.7   94.4   1.0  
25. Other 4.85   132   164   356   97.7   .0   12.1   15.0   5.8  
  Months  
26. More than 365 days 5.88   629   126   45   97.0   22.6   16.3   57.2   1.0  
27. Minimal risk 5.53   66   209   43   100.0   .0   65.5   29.1   .3  
28. Low risk 5.38   81   130   41   100.0   1.0   15.9   48.5   .8  
29. Moderate risk 5.86   327   136   45   96.2   39.7   9.5   68.8   1.4  
30. Other 6.30   140   120   47   95.4   8.2   8.1   53.7   .1  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31. 7.5 - 99 5.37   693   3.3   276   87.5   3.9   67.0   76.2   7.7  
32. 100 - 999 5.16   1,685   3.3   302   85.6   9.7   63.5   77.8   6.6  
33. 1,000 - 9,999 4.09   1,278   3.1   273   77.1   14.6   66.5   87.2   14.3  
34. 10,000+ ...   ...   ...   ...   ...   ...   ...   ...   ...  
Base rate of loan7   Average size
($ thousands)		  
35. Prime8 4.59   2,753   3.3   82   72.1   4.9   142   87.5   16.8  
36. Other 4.95   1,272   3.1   648   88.3   19.0   131   71.9   5.4  
... The number of loans was insufficient to provide a meaningful value.
5. Commercial and industrial loans made by U.S. branches and agencies of foreign banks 1
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 1.40   34,615   9,365   236   45.4   74.5   3.4   57.1   14.4  
2. Minimal risk 1.71   1,835   8,294   134   71.6   79.3   .3   100.0   18.0  
3. Low risk 1.17   5,333   8,981   236   16.7   74.4   3.6   84.9   8.5  
4. Moderate risk 1.07   17,645   14,374   167   64.4   81.9   2.7   29.7   10.1  
5. Other 2.16   6,856   4,969   352   22.7   76.0   4.6   76.3   10.5  
 
6. Zero interval 4.15   1,243   1,504   935   53.6   5.3   61.7   99.6   17.5  
7. Minimal risk 3.43   126   3,091   590   .0   .0   .0   100.0   20.7  
8. Low risk 3.60   181   4,149   730   45.8   .0   76.1   97.5   26.6  
9. Moderate risk 4.12   419   1,532   1,144   42.5   6.4   78.3   100.0   17.9  
10. Other 4.55   517   1,103   948   78.4   7.7   58.2   100.0   13.4  
 
11. Daily .86   17,863   37,339   33   58.3   78.7   .7   22.7   8.7  
12. Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
13. Low risk .83   1,708   25,512   26   .2   53.1   .0   53.0   .0  
14. Moderate risk .74   13,411   64,581   2   75.7   86.0   .2   12.2   5.6  
15. Other 1.44   2,183   13,889   133   10.9   74.3   .2   43.4   2.4  
 
16. 2 to 30 days 1.66   10,389   6,185   326   20.4   74.7   .4   90.9   16.4  
17. Minimal risk 1.25   656   6,825   181   62.9   77.7   .0   100.0   15.7  
18. Low risk 1.06   2,409   7,073   244   14.5   97.5   .0   100.0   12.0  
19. Moderate risk 1.70   2,931   5,403   371   17.9   74.9   1.2   80.0   8.4  
20. Other 2.05   2,945   4,848   463   28.2   91.8   .0   87.7   14.0  
 
21. 31 to 365 days 2.08   4,258   8,488   558   45.4   71.6   2.9   98.1   13.1  
22. Minimal risk 1.81   1,025   16,010   48   85.8   92.3   .6   100.0   19.6  
23. Low risk 1.45   959   9,987   485   42.7   68.4   .7   100.0   1.8  
24. Moderate risk 2.54   797   4,803   1,741   56.4   75.5   1.7   94.0   18.3  
25. Other 2.57   1,161   8,609   238   6.3   68.8   .1   97.3   8.3  
  Months  
26. More than 365 days 1.79   717   4,246   32   66.3   97.0   3.8   100.0   20.2  
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 3.51   13   3.4   61   34.2   17.4   33.2   90.2   10.0  
32. 100 - 999 3.14   516   3.1   70   39.4   46.8   33.3   93.3   19.0  
33. 1,000 - 9,999 2.37   5,734   3.1   69   36.4   68.8   10.9   91.2   14.0  
34. 10,000+ 1.18   28,352   2.9   29   47.3   76.2   1.3   49.6   14.5  
Base rate of loan7   Average size
($ thousands)		  
35. Prime8 4.12   1,178   3.2   27   54.7   21.2   1,679   97.1   25.8  
36. Other 1.31   33,437   3.0   36   45.0   76.4   11,166   55.7   13.7  
... The number of loans was insufficient to provide a meaningful value.
6. Commercial and industrial loans by date pricing terms were set and commitment status
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 1.85   34,135   750   3.0   162   52.7   64.8   12.7  
2. Not under commitment 1.47   20,037   683   2.9   215   66.0   65.1   10.7  
3. Informal commitment 1.43   7,410   1,132   3.0   54   15.6   86.7   8.1  
4. Formal commitment 3.43   6,687   695   3.0   120   54.0   39.8   23.6  
  Before survey week9  
5. Up to 90 days 3.00   9,987   594   3.1   153   39.4   44.9   26.1  
6. 91 to 365 days 3.53   11,507   282   3.2   84   62.0   25.1   42.5  
7. More than 365 days 2.52   20,754   1,210   2.8   92   48.8   33.1   23.7  
 
Domestic banks
8. During survey week 3.55   11,885   270   2.8   444   63.0   31.7   35.1  
9. Not under commitment 3.51   5,200   180   2.6   824   59.1   22.0   40.6  
10. Informal commitment 3.45   1,341   221   3.2   187   75.9   35.2   41.8  
11. Formal commitment 3.61   5,345   588   3.0   138   63.5   40.3   28.0  
  Before survey week9  
12. Up to 90 days 3.53   6,496   399   3.1   194   50.8   27.2   39.5  
13. 91 to 365 days 3.58   9,889   246   3.2   75   64.0   21.7   47.1  
14. More than 365 days 2.72   13,497   846   2.9   104   47.2   21.5   30.9  
 
Large domestic banks
15. During survey week 3.24   9,986   325   2.8   441   58.3   36.5   31.9  
16. Not under commitment 3.23   4,497   200   2.5   860   54.8   24.8   39.3  
17. Informal commitment 2.93   944   463   3.3   128   71.4   46.0   39.1  
18. Formal commitment 3.31   4,545   739   3.0   91   59.0   46.1   23.1  
  Before survey week9  
19. Up to 90 days 3.44   6,156   485   3.1   200   48.7   28.4   37.1  
20. 91 to 365 days 3.47   9,040   287   3.2   68   61.5   22.5   44.3  
21. More than 365 days 2.67   12,587   993   2.8   111   47.8   22.0   26.7  
 
Small domestic banks
22. During survey week 5.17   1,900   142   3.1   460   88.0   6.6   51.8  
23. Not under commitment 5.26   702   110   3.2   595   86.8   4.1   49.1  
24. Informal commitment 4.69   397   99   2.8   331   86.7   9.4   48.3  
25. Formal commitment 5.32   800   273   3.1   406   89.6   7.4   55.9  
  Before survey week9  
26. Up to 90 days 5.01   340   94   3.5   91   88.6   5.4   83.4  
27. 91 to 365 days 4.81   849   97   3.3   148   90.3   12.6   77.1  
28. More than 365 days 3.53   910   277   3.5   9   37.7   13.9   88.5  
 
Foreign banks
29. During survey week .94   22,249   15,450   3.0   11   47.2   82.5   .7  
30. Not under commitment .76   14,838   34,990   3.1   3   68.4   80.2   .2  
31. Informal commitment .98   6,069   12,484   3.0   24   2.3   98.0   .7  
32. Formal commitment 2.73   1,342   2,533   2.9   47   16.1   37.5   6.2  
  Before survey week9  
33. Up to 90 days 2.01   3,491   6,588   3.1   78   18.1   77.7   1.3  
34. 91 to 365 days 3.22   1,618   3,036   2.9   138   49.4   46.1   14.1  
35. More than 365 days 2.14   7,257   6,080   2.6   69   51.8   54.6   10.3  
... 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 3.34   3.36   3.33   3.45   3.18  
Standard error of loan rate4 .24   .18   .22   .22   .16  

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.

Footnotes

1. As of December 31, 2010, assets of the large banks were at least $4.4 billion. Median total assets for all insured banks were roughly $144 million. Assets at all U.S. branches and agencies averaged $7.9 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.

Last update: December 21, 2011