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: June 16, 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 June 16, 2011 and this publication on December 21, 2011.

E.2 Survey of Terms of Business Lending
MAY 2-6, 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 2.67   81,487   627   571   46.3   48.3   27.9   77.1   11.8  
2. Minimal risk 1.53   3,036   1,086   229   21.6   30.1   9.3   70.2   4.3  
3. Low risk 1.81   13,866   746   399   32.2   59.1   15.8   89.2   11.7  
4. Moderate risk 2.52   35,362   596   528   52.4   42.4   33.6   70.4   11.2  
5. Other 3.39   21,370   534   655   51.3   51.8   30.0   78.1   10.2  
 
6. Zero interval 3.61   24,038   370   707   61.9   20.3   61.8   94.6   13.5  
7. Minimal risk 2.54   545   644   412   60.3   16.7   33.7   92.1   14.9  
8. Low risk 2.82   2,787   456   570   54.9   19.0   48.5   91.5   23.5  
9. Moderate risk 3.49   11,151   386   711   57.7   19.7   59.2   95.0   12.2  
10. Other 4.05   8,058   320   718   70.4   22.3   68.8   94.7   12.7  
 
11. Daily 1.14   19,053   2,883   87   31.9   71.0   16.1   43.7   5.8  
12. Minimal risk .80   1,395   5,369   6   2.2   42.2   1.6   45.5   .3  
13. Low risk .87   3,686   2,999   65   4.3   77.5   3.3   86.1   2.1  
14. Moderate risk 1.09   10,605   3,207   105   51.2   66.4   26.2   27.5   13.1  
15. Other 1.81   3,034   1,756   98   11.9   89.8   4.3   42.3   2.9  
 
16. 2 to 30 days 2.03   17,789   483   368   37.2   59.9   11.7   81.1   12.9  
17. Minimal risk 1.22   266   1,863   266   18.4   60.8   3.6   93.8   1.8  
18. Low risk 1.66   3,977   506   384   28.9   70.0   13.2   86.7   8.5  
19. Moderate risk 2.24   6,601   378   422   46.0   52.4   14.6   72.7   13.4  
20. Other 2.07   4,729   544   317   37.1   75.8   3.1   79.3   7.4  
 
21. 31 to 365 days 3.39   14,711   1,309   924   44.3   54.5   7.6   81.7   12.6  
22. Minimal risk 1.91   756   915   461   24.1   9.5   2.1   96.2   1.1  
23. Low risk 1.99   3,029   1,321   564   44.1   64.1   3.1   95.9   16.0  
24. Moderate risk 2.89   4,327   1,019   718   49.6   38.2   11.5   97.9   9.0  
25. Other 4.29   4,520   1,828   1,167   51.2   63.4   4.8   67.8   12.3  
  Months  
26. More than 365 days 3.99   5,810   591   42   60.8   38.4   27.3   90.1   8.3  
27. Minimal risk 5.14   74   104   17   85.9   .0   67.4   25.7   12.5  
28. Low risk 3.60   365   343   45   75.2   18.1   25.6   77.1   4.4  
29. Moderate risk 4.25   2,652   517   45   55.4   24.8   38.9   87.8   4.2  
30. Other 4.96   992   559   35   83.7   8.4   34.9   94.1   4.1  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31. 7.5 - 99 4.43   2,970   3.2   109   88.4   8.5   69.4   69.9   7.9  
32. 100 - 999 3.91   11,011   3.2   135   76.7   17.8   58.2   86.1   10.8  
33. 1,000 - 9,999 2.93   23,182   3.2   108   51.6   38.2   32.7   92.9   14.4  
34. 10,000+ 2.11   44,325   3.0   100   33.1   63.8   15.1   67.1   10.4  
Base rate of loan7   Average size
($ thousands)		  
35. Prime8 4.03   22,748   3.2   87   70.6   15.5   273   81.1   12.5  
36. Other 2.15   58,739   3.0   115   36.9   61.0   1,262   75.5   11.4  
... 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 3.62   46,128   367   795   59.6   28.6   40.9   84.4   11.1  
2. Minimal risk 1.98   1,450   569   160   38.7   8.5   19.3   37.7   12.2  
3. Low risk 2.74   6,272   349   646   60.1   23.5   31.4   84.3   16.5  
4. Moderate risk 3.38   20,791   361   765   56.7   23.4   43.1   89.5   10.9  
5. Other 4.22   13,064   338   816   68.4   30.2   44.7   84.8   9.8  
 
6. Zero interval 3.58   21,957   344   679   63.1   21.8   61.0   94.0   12.9  
7. Minimal risk 2.47   385   485   363   85.0   23.6   47.3   88.8   14.7  
8. Low risk 2.74   2,482   413   530   59.0   21.4   46.3   90.5   22.4  
9. Moderate risk 3.46   10,169   359   676   58.6   21.0   57.3   94.5   11.8  
10. Other 3.99   7,436   300   687   69.7   23.5   68.0   94.3   12.1  
 
11. Daily 2.33   3,383   555   339   26.3   24.3   30.7   70.1   15.8  
12. Minimal risk 1.16   792   3,347   3   3.9   .1   2.8   4.0   5.5  
13. Low risk 1.57   356   302   199   44.7   7.3   34.0   95.8   14.4  
14. Moderate risk 2.72   1,978   652   528   23.6   36.0   38.2   88.4   17.9  
15. Other 4.73   169   107   330   85.5   3.2   77.2   95.5   6.0  
 
16. 2 to 30 days 3.00   6,991   197   565   72.9   28.5   29.3   75.6   10.8  
17. Minimal risk 2.26   61   547   316   71.3   29.3   15.9   72.7   9.1  
18. Low risk 2.66   1,648   216   674   58.7   30.4   31.9   67.9   15.9  
19. Moderate risk 3.00   3,279   194   581   69.9   19.5   29.1   69.4   11.0  
20. Other 3.31   1,286   158   320   94.1   27.5   10.9   89.9   8.1  
 
21. 31 to 365 days 4.28   8,758   867   1,068   50.9   46.5   9.8   70.7   7.9  
22. Minimal risk 3.51   139   202   222   69.8   9.9   11.7   79.4   7.3  
23. Low risk 2.92   1,409   679   686   63.9   24.3   5.6   92.1   10.0  
24. Moderate risk 3.14   2,764   711   776   59.8   28.7   16.9   97.3   8.4  
25. Other 4.89   3,151   1,426   1,201   48.8   55.4   4.4   56.9   5.0  
  Months  
26. More than 365 days 4.39   4,971   511   43   63.1   30.8   30.3   88.4   4.7  
27. Minimal risk 5.14   74   104   17   85.9   .0   67.4   25.7   12.5  
28. Low risk 3.60   365   343   45   75.2   18.1   25.5   77.1   4.4  
29. Moderate risk 4.31   2,576   504   46   54.1   22.6   37.1   87.4   4.3  
30. Other 4.96   992   559   35   83.7   8.4   34.9   94.1   4.1  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31. 7.5 - 99 4.43   2,954   3.2   109   88.6   8.5   69.5   69.8   7.9  
32. 100 - 999 3.95   10,487   3.3   140   78.9   16.6   59.3   85.7   10.5  
33. 1,000 - 9,999 3.30   15,922   3.2   132   60.9   25.7   42.5   95.6   12.8  
34. 10,000+ 3.57   16,765   3.1   206   41.1   42.5   22.9   75.6   9.9  
Base rate of loan7   Average size
($ thousands)		  
35. Prime8 4.38   18,880   3.3   102   69.9   6.5   229   87.8   11.2  
36. Other 3.09   27,248   3.1   199   52.4   44.0   631   82.1   11.0  
... 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 3.51   41,219   460   811   57.1   30.8   37.7   84.3   11.0  
2. Minimal risk 1.56   1,271   1,278   129   31.3   9.7   16.3   35.2   13.7  
3. Low risk 2.66   5,602   400   677   61.1   21.8   30.0   83.1   15.6  
4. Moderate risk 3.22   18,567   449   759   53.2   25.4   39.2   90.4   11.1  
5. Other 4.15   11,603   438   853   67.1   33.2   40.1   84.4   9.3  
 
6. Zero interval 3.48   19,681   422   709   61.8   23.6   57.5   94.2   12.6  
7. Minimal risk 2.35   370   594   323   84.6   24.5   47.0   88.6   14.2  
8. Low risk 2.58   2,291   509   548   58.6   23.1   42.2   89.7   22.8  
9. Moderate risk 3.38   9,243   429   700   57.1   22.5   53.7   94.8   11.6  
10. Other 3.90   6,448   382   726   69.4   25.8   63.5   94.9   11.3  
 
11. Daily 1.99   2,949   960   341   15.9   26.4   21.2   68.1   17.3  
12. Minimal risk 1.15   789   3,811   2   3.6   .1   2.5   3.7   5.8  
13. Low risk 1.20   303   431   46   35.2   .3   22.6   95.2   14.8  
14. Moderate risk 2.43   1,706   988   577   12.0   40.9   29.2   90.4   19.4  
15. Other 4.01   69   179   661   67.4   1.0   53.9   96.2   4.6  
 
16. 2 to 30 days 3.05   6,423   195   591   74.5   27.2   30.3   73.6   9.6  
17. Minimal risk 2.18   54   571   357   67.8   32.8   17.8   69.5   8.4  
18. Low risk 2.96   1,395   188   850   67.3   19.9   37.1   62.1   8.4  
19. Moderate risk 2.97   3,127   199   610   68.7   20.0   28.6   68.1   11.4  
20. Other 3.22   1,205   166   325   95.1   29.1   8.9   89.5   8.3  
 
21. 31 to 365 days 4.22   8,192   1,810   1,120   48.4   49.5   6.7   69.9   8.3  
22. Minimal risk 1.28   45   914   290   27.0   30.7   .3   88.7   18.9  
23. Low risk 2.78   1,330   1,130   711   63.6   25.6   3.6   93.3   10.4  
24. Moderate risk 2.85   2,487   1,573   827   56.7   31.1   10.4   98.5   8.8  
25. Other 4.90   3,076   2,457   1,222   47.7   56.8   3.7   56.3   5.1  
  Months  
26. More than 365 days 4.08   3,922   1,866   40   54.0   37.8   27.3   94.6   5.5  
27. Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
28. Low risk 2.92   272   1,282   43   67.8   24.3   29.8   73.7   5.1  
29. Moderate risk 3.99   1,984   2,573   40   41.2   27.1   33.4   94.6   5.1  
30. Other 4.74   784   1,409   33   80.4   10.3   36.7   98.8   5.0  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31. 7.5 - 99 4.02   2,096   3.2   28   87.4   10.9   68.2   65.7   8.4  
32. 100 - 999 3.69   8,336   3.3   54   75.8   18.9   56.8   87.1   11.3  
33. 1,000 - 9,999 3.22   14,353   3.2   115   59.7   27.2   39.5   96.0   12.7  
34. 10,000+ 3.60   16,434   3.1   209   41.5   42.6   22.5   75.1   9.2  
Base rate of loan7   Average size
($ thousands)		  
35. Prime8 4.30   15,527   3.3   85   67.7   6.9   273   87.8   11.1  
36. Other 3.03   25,693   3.1   167   50.7   45.3   788   82.2   11.0  
... 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 4.55   4,909   136   665   80.2   10.2   68.3   85.2   11.6  
2. Minimal risk 5.00   179   115   377   91.8   .0   40.5   55.8   5.2  
3. Low risk 3.39   670   169   423   51.9   37.4   42.6   94.8   23.4  
4. Moderate risk 4.71   2,224   138   812   85.8   6.7   75.7   81.9   8.7  
5. Other 4.79   1,461   120   508   78.7   6.7   80.9   88.3   13.3  
 
6. Zero interval 4.45   2,276   132   412   73.9   6.3   91.2   92.4   15.5  
7. Minimal risk 5.50   14   85   1,408   95.5   .0   55.3   94.7   27.5  
8. Low risk 4.60   191   126   347   63.5   .0   95.3   100.0   18.1  
9. Moderate risk 4.21   925   136   414   73.9   6.2   92.8   92.0   14.8  
10. Other 4.59   988   125   418   71.8   8.8   97.6   90.1   17.9  
 
11. Daily 4.62   435   144   328   97.0   10.0   95.2   83.6   7.6  
12. Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
13. Low risk 3.67   53   112   864   98.7   47.6   99.4   99.4   12.0  
14. Moderate risk 4.59   272   208   270   96.3   5.1   95.0   75.8   7.2  
15. Other 5.23   100   84   209   98.1   4.7   93.3   95.0   6.9  
 
16. 2 to 30 days 2.41   568   231   340   55.4   42.8   17.8   97.9   21.2  
17. Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
18. Low risk 1.03   253   1,081   55   11.3   88.7   3.0   100.0   41.6  
19. Moderate risk 3.61   152   122   148   93.0   9.8   39.1   94.9   4.9  
20. Other 4.67   80   96   243   78.6   4.1   40.9   96.2   5.4  
 
21. 31 to 365 days 5.21   566   102   246   86.6   3.6   54.8   82.0   2.4  
22. Minimal risk 4.57   94   147   189   90.1   .0   17.1   74.9   .8  
23. Low risk 5.26   79   88   231   69.5   1.0   39.3   72.0   .5  
24. Moderate risk 5.68   277   120   288   87.5   6.8   75.2   86.2   3.9  
25. Other 4.35   75   79   193   93.4   1.2   33.4   78.2   1.7  
  Months  
26. More than 365 days 5.56   1,049   137   55   97.1   4.6   41.7   65.0   .6  
27. Minimal risk 5.82   61   87   16   92.9   .0   74.8   10.0   .3  
28. Low risk 5.58   93   110   48   96.6   .0   13.1   86.8   2.4  
29. Moderate risk 5.37   592   136   65   97.4   7.6   49.4   63.2   .5  
30. Other 5.78   208   171   39   96.3   1.3   28.2   76.3   .1  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31. 7.5 - 99 5.45   858   3.2   308   91.6   2.4   72.7   79.8   6.8  
32. 100 - 999 4.94   2,151   3.2   470   91.2   7.8   69.3   80.5   6.9  
33. 1,000 - 9,999 4.08   1,569   3.2   283   71.4   11.5   70.7   91.5   14.0  
34. 10,000+ ...   ...   ...   ...   ...   ...   ...   ...   ...  
Base rate of loan7   Average size
($ thousands)		  
35. Prime8 4.73   3,353   3.3   178   80.3   4.2   131   87.6   11.6  
36. Other 4.16   1,556   2.8   723   80.1   23.0   147   80.1   11.8  
... 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 1.44   35,359   8,167   304   28.9   74.0   10.9   67.5   12.9  
2. Minimal risk 1.12   1,586   6,469   292   5.9   49.9   .1   100.0   1.6  
3. Low risk 1.04   7,594   12,776   231   9.1   88.6   3.0   93.3   8.0  
4. Moderate risk 1.29   14,571   8,358   219   46.4   69.6   20.0   43.2   12.3  
5. Other 2.08   8,306   6,142   421   24.5   85.7   7.0   67.6   11.1  
 
6. Zero interval 3.94   2,081   1,891   1,001   49.9   5.2   70.7   100.0   19.5  
7. Minimal risk 2.71   160   3,046   530   1.1   .0   1.1   100.0   15.2  
8. Low risk 3.48   305   3,169   836   21.6   .0   66.2   100.0   31.7  
9. Moderate risk 3.77   983   1,692   1,102   49.1   6.2   79.2   100.0   15.8  
10. Other 4.81   622   1,747   1,076   78.5   7.4   78.4   100.0   20.1  
 
11. Daily .89   15,670   30,332   40   33.1   81.1   12.9   38.1   1.9  
12. Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
13. Low risk .79   3,331   63,395   55   .0   85.0   .0   85.0   .6  
14. Moderate risk .71   8,627   31,782   22   57.5   73.3   23.4   13.5   5.8  
15. Other 1.64   2,865   19,247   88   7.6   94.9   .0   39.1   2.4  
 
16. 2 to 30 days 1.40   10,798   7,479   275   14.1   80.2   .2   84.8   14.2  
17. Minimal risk .91   206   6,402   252   2.9   70.1   .0   100.0   .3  
18. Low risk .95   2,328   10,829   244   7.7   98.0   .0   100.0   5.0  
19. Moderate risk 1.49   3,322   6,553   314   22.5   84.9   .2   76.1   15.6  
20. Other 1.61   3,443   6,039   316   15.8   93.8   .2   75.3   7.0  
 
21. 31 to 365 days 2.07   5,954   5,248   715   34.7   66.4   4.4   97.9   17.6  
22. Minimal risk 1.55   617   4,495   515   13.8   9.5   .0   100.0   .0  
23. Low risk 1.19   1,620   7,400   460   26.9   98.8   .9   99.2   20.8  
24. Moderate risk 2.44   1,563   4,331   614   31.6   55.1   2.0   99.0   10.1  
25. Other 2.91   1,369   5,212   1,090   56.7   81.7   5.7   92.8   22.5  
  Months  
26. More than 365 days 1.62   839   7,987   36   47.3   83.6   9.0   100.0   26.8  
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 3.86   16   3.2   32   45.2   19.9   56.8   95.9   12.8  
32. 100 - 999 3.15   524   3.1   52   33.1   41.2   35.9   93.4   16.9  
33. 1,000 - 9,999 2.11   7,259   3.1   56   31.3   65.6   11.2   87.0   18.3  
34. 10,000+ 1.23   27,559   2.9   35   28.2   76.8   10.4   61.9   10.7  
Base rate of loan7   Average size
($ thousands)		  
35. Prime8 2.33   3,869   3.1   17   73.8   59.5   4,005   48.6   24.5  
36. Other 1.33   31,490   2.9   42   23.4   75.7   9,363   69.9   11.9  
... 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 2.28   36,467   813   3.0   130   40.1   62.9   19.5  
2. Not under commitment 2.23   18,660   612   3.2   65   43.4   63.7   23.0  
3. Informal commitment 1.31   8,856   1,223   2.6   101   16.6   87.5   10.4  
4. Formal commitment 3.35   8,951   1,252   3.0   295   56.6   36.8   21.2  
  Before survey week9  
5. Up to 90 days 2.76   12,653   603   3.2   107   46.8   53.0   23.6  
6. 91 to 365 days 3.52   15,915   353   3.3   94   60.6   21.4   44.7  
7. More than 365 days 2.65   16,446   868   3.1   69   45.7   38.4   33.6  
 
Domestic banks
8. During survey week 4.21   14,778   343   3.1   305   58.4   37.1   32.7  
9. Not under commitment 4.58   7,181   240   3.1   163   42.8   44.3   32.1  
10. Informal commitment 3.83   1,539   228   3.0   525   83.5   29.8   51.5  
11. Formal commitment 3.86   6,058   938   3.2   417   70.4   30.4   28.5  
  Before survey week9  
12. Up to 90 days 3.25   7,813   382   3.2   146   65.1   29.6   37.8  
13. 91 to 365 days 3.62   13,593   306   3.3   88   64.8   18.1   48.8  
14. More than 365 days 3.03   9,938   566   3.1   49   49.9   29.8   45.0  
 
Large domestic banks
15. During survey week 4.03   12,613   476   3.2   242   52.3   42.5   27.7  
16. Not under commitment 4.46   6,456   281   3.1   74   37.3   48.6   29.3  
17. Informal commitment 2.66   860   612   3.2   427   73.8   48.6   26.2  
18. Formal commitment 3.73   5,296   2,444   3.2   415   67.1   34.1   26.0  
  Before survey week9  
19. Up to 90 days 3.12   7,008   463   3.2   137   62.4   32.7   34.3  
20. 91 to 365 days 3.54   12,742   372   3.3   89   63.2   19.0   46.5  
21. More than 365 days 3.03   8,856   649   3.1   52   51.0   29.8   41.8  
 
Small domestic banks
22. During survey week 5.26   2,165   131   3.0   675   93.6   5.7   61.6  
23. Not under commitment 5.68   726   104   3.0   954   91.5   6.4   57.3  
24. Informal commitment 5.32   678   127   2.8   650   95.8   6.0   83.6  
25. Formal commitment 4.80   762   178   3.2   429   93.6   4.7   46.2  
  Before survey week9  
26. Up to 90 days 4.39   805   151   3.3   227   88.0   2.7   68.1  
27. 91 to 365 days 4.80   851   83   3.4   60   89.4   3.6   82.2  
28. More than 365 days 3.06   1,082   277   3.1   20   40.4   29.9   70.7  
 
Foreign banks
29. During survey week .97   21,689   12,216   2.9   11   27.6   80.4   10.6  
30. Not under commitment .76   11,479   19,632   3.2   3   43.7   75.8   17.3  
31. Informal commitment .78   7,318   14,662   2.5   12   2.5   99.7   1.7  
32. Formal commitment 2.28   2,893   4,182   2.5   40   27.5   50.1   6.0  
  Before survey week9  
33. Up to 90 days 1.98   4,840   9,112   3.2   42   17.2   90.9   .7  
34. 91 to 365 days 2.90   2,322   3,633   3.1   131   35.7   41.2   21.0  
35. More than 365 days 2.08   6,508   4,704   3.1   100   39.4   51.5   16.2  
... 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 3.29   3.30   3.22   3.67   3.25  
Standard error of loan rate4 .19   .10   .10   .24   .34  

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 March 31, 2011, assets of the large banks were at least $4.3 billion. Median total assets for all insured banks were roughly $146 million. Assets at all U.S. branches and agencies averaged $8.8 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.

Last update: December 21, 2011