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: September 29, 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 September 29, 2011 and this publication on December 21, 2011.

E.2 Survey of Terms of Business Lending
AUGUST 1-5, 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 2.55   89,526   689   586   45.0   40.0   21.8   83.3   11.7  
2. Minimal risk .80   8,324   2,505   283   15.7   20.1   4.2   87.1   13.3  
3. Low risk 1.76   17,597   944   428   28.0   50.7   17.9   84.9   9.6  
4. Moderate risk 2.57   35,458   598   543   48.3   37.6   24.0   76.1   12.6  
5. Other 3.40   20,404   524   581   58.7   29.7   30.4   88.0   11.9  
 
6. Zero interval 3.42   22,114   356   725   58.0   23.7   53.1   95.6   10.3  
7. Minimal risk 1.60   1,278   1,494   620   26.8   7.9   20.1   93.9   4.7  
8. Low risk 2.89   2,264   393   742   66.0   15.0   42.7   88.1   13.2  
9. Moderate risk 3.32   9,939   366   755   52.3   26.3   51.9   96.5   11.0  
10. Other 3.91   7,694   319   707   66.2   23.7   60.8   96.9   9.5  
 
11. Daily 1.05   19,440   2,917   129   21.7   64.7   5.6   50.0   8.2  
12. Minimal risk .61   2,483   7,340   3   1.2   45.6   .8   63.4   5.9  
13. Low risk .98   5,398   3,684   125   5.5   75.5   4.1   69.3   2.8  
14. Moderate risk 1.11   9,213   2,900   152   39.1   63.4   7.7   36.7   15.4  
15. Other 1.43   2,337   1,442   179   12.3   65.1   5.9   43.3   7.8  
 
16. 2 to 30 days 2.02   16,890   464   451   34.5   48.3   17.5   81.1   8.8  
17. Minimal risk .77   502   3,422   328   6.7   63.5   3.3   92.1   .7  
18. Low risk 1.55   5,158   669   371   23.3   52.7   18.4   89.7   9.1  
19. Moderate risk 2.38   6,540   350   530   45.0   41.4   20.5   69.9   8.8  
20. Other 2.02   3,701   499   349   32.6   50.9   7.3   83.1   6.9  
 
21. 31 to 365 days 2.63   21,156   1,487   531   46.3   21.9   9.4   97.6   17.1  
22. Minimal risk .57   3,940   3,565   321   20.8   2.6   1.2   99.1   20.3  
23. Low risk 2.07   4,044   1,741   649   34.2   34.9   16.4   97.5   14.9  
24. Moderate risk 2.93   6,783   1,148   520   49.9   25.2   5.5   98.1   15.5  
25. Other 4.15   4,916   1,563   577   76.6   13.2   14.1   97.3   17.9  
  Months  
26. More than 365 days 4.33   9,606   989   50   75.7   51.4   14.8   94.6   11.1  
27. Minimal risk 3.53   122   140   34   66.7   20.8   10.5   85.3   16.6  
28. Low risk 3.54   484   357   43   65.0   26.9   22.3   83.7   8.1  
29. Moderate risk 4.25   2,957   722   37   66.7   15.6   30.1   94.3   13.8  
30. Other 4.57   1,710   803   35   92.7   10.4   23.0   92.3   17.3  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31. 7.5 - 99 4.42   2,996   3.2   108   87.2   8.4   66.8   69.3   7.1  
32. 100 - 999 3.85   11,072   3.2   120   75.3   18.3   57.1   83.2   10.1  
33. 1,000 - 9,999 2.92   22,983   3.1   123   53.6   31.2   29.0   94.5   14.2  
34. 10,000+ 2.01   52,474   2.7   249   32.4   50.2   8.6   79.2   11.0  
Base rate of loan7   Average size
($ thousands)		  
35. Prime8 4.26   19,495   3.2   92   64.0   7.3   242   86.6   10.0  
36. Other 2.08   70,031   2.8   225   39.7   49.0   1,417   82.4   12.2  
... 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 3.09   54,418   432   643   55.2   23.1   30.7   90.9   14.0  
2. Minimal risk .77   6,097   1,965   290   18.7   2.5   5.4   82.3   19.0  
3. Low risk 2.50   7,866   440   587   51.0   18.1   24.5   87.4   16.9  
4. Moderate risk 3.26   23,068   399   703   53.2   25.4   33.8   91.6   13.6  
5. Other 4.00   13,930   368   667   76.8   19.9   38.8   95.6   13.1  
 
6. Zero interval 3.36   20,639   337   697   58.9   25.1   52.3   95.3   10.2  
7. Minimal risk 1.33   1,118   1,416   500   28.9   9.1   22.9   93.0   4.5  
8. Low risk 2.87   2,197   385   737   66.3   15.2   41.8   87.8   13.4  
9. Moderate risk 3.24   9,187   344   720   54.0   28.1   49.8   96.2   11.1  
10. Other 3.86   7,239   304   689   64.9   25.1   60.0   96.7   9.2  
 
11. Daily 2.05   4,169   679   381   19.5   30.1   26.1   76.9   21.1  
12. Minimal risk .88   1,348   4,276   4   2.0   .0   1.4   32.7   20.9  
13. Low risk 2.14   478   360   598   60.2   48.1   46.6   98.8   19.7  
14. Moderate risk 2.55   2,033   693   537   16.7   44.8   34.8   98.2   21.5  
15. Other 3.64   301   201   946   49.7   38.6   46.2   96.6   21.8  
 
16. 2 to 30 days 2.94   8,114   231   637   59.0   28.9   30.3   74.7   12.0  
17. Minimal risk 1.46   76   700   125   34.1   22.3   17.2   48.4   8.3  
18. Low risk 2.36   2,305   312   501   48.1   14.6   24.3   76.9   16.3  
19. Moderate risk 3.11   3,776   206   723   58.3   27.6   34.0   66.5   10.5  
20. Other 3.36   1,234   176   516   81.7   34.0   18.4   84.0   10.3  
 
21. 31 to 365 days 2.63   15,113   1,151   426   52.0   13.9   6.4   97.3   18.9  
22. Minimal risk .43   3,433   3,398   311   19.8   .3   .8   99.0   23.3  
23. Low risk 2.16   2,437   1,143   396   34.7   16.4   6.2   96.2   21.2  
24. Moderate risk 3.12   5,116   927   461   54.4   17.6   6.7   97.8   16.1  
25. Other 4.30   3,401   1,204   431   94.4   6.8   7.9   98.9   19.4  
  Months  
26. More than 365 days 4.17   6,299   659   38   69.5   26.3   21.8   91.8   12.6  
27. Minimal risk 3.53   122   140   34   66.7   20.8   10.5   85.3   16.6  
28. Low risk 3.70   434   330   45   70.7   24.5   17.9   81.9   6.4  
29. Moderate risk 4.27   2,930   717   38   66.7   14.8   29.8   94.2   14.0  
30. Other 4.57   1,710   803   35   92.7   10.4   23.0   92.3   17.3  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31. 7.5 - 99 4.42   2,979   3.2   108   87.5   8.3   66.8   69.2   7.1  
32. 100 - 999 3.89   10,560   3.2   123   77.1   17.6   58.4   82.8   9.7  
33. 1,000 - 9,999 3.29   16,734   3.2   132   62.0   25.2   34.2   95.0   13.6  
34. 10,000+ 2.43   24,145   2.6   238   37.0   25.9   11.8   94.4   16.6  
Base rate of loan7   Average size
($ thousands)		  
35. Prime8 4.37   16,729   3.3   100   70.0   6.6   210   84.4   10.6  
36. Other 2.52   37,689   2.8   210   48.7   30.4   811   93.8   15.4  
... 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 2.96   50,532   549   640   53.1   24.5   28.4   91.9   14.4  
2. Minimal risk .64   5,876   6,116   277   16.0   2.2   4.8   82.4   19.6  
3. Low risk 2.35   7,236   522   579   49.4   18.6   21.8   87.5   17.4  
4. Moderate risk 3.16   21,658   491   712   51.4   26.8   31.7   92.5   14.0  
5. Other 3.91   12,659   474   652   75.7   21.7   35.2   97.3   13.4  
 
6. Zero interval 3.23   18,753   402   722   56.7   27.2   49.1   96.3   10.4  
7. Minimal risk 1.31   1,108   1,770   499   28.4   9.1   22.4   93.2   4.5  
8. Low risk 2.67   1,988   434   717   65.6   14.9   38.3   86.5   14.5  
9. Moderate risk 3.12   8,502   398   749   52.3   30.0   47.1   97.6   11.4  
10. Other 3.76   6,427   375   723   62.6   28.0   55.9   98.3   9.0  
 
11. Daily 1.81   3,835   1,478   380   14.5   32.6   20.4   75.4   22.8  
12. Minimal risk .87   1,343   8,574   3   1.6   .0   1.0   32.4   21.2  
13. Low risk 1.44   356   815   629   56.5   63.2   29.3   99.8   24.8  
14. Moderate risk 2.41   1,912   1,161   553   13.0   47.6   31.4   98.3   22.5  
15. Other 3.02   224   700   1,215   37.6   51.6   27.8   98.5   26.0  
 
16. 2 to 30 days 2.91   7,828   237   654   58.6   29.6   29.4   74.1   11.7  
17. Minimal risk 1.44   76   1,312   125   33.6   22.5   16.7   48.0   8.2  
18. Low risk 2.38   2,225   312   520   48.7   15.1   24.1   76.1   15.5  
19. Moderate risk 3.05   3,628   214   745   57.6   28.1   32.7   65.8   10.3  
20. Other 3.31   1,184   180   527   81.0   35.5   16.6   83.6   10.4  
 
21. 31 to 365 days 2.56   14,570   2,014   431   50.8   14.4   5.3   97.8   19.3  
22. Minimal risk .30   3,308   38,326   314   17.3   .3   .2   99.8   24.0  
23. Low risk 2.10   2,335   1,617   406   33.7   17.2   5.0   96.6   21.3  
24. Moderate risk 3.05   4,907   1,574   460   53.0   18.3   4.7   98.2   16.6  
25. Other 4.28   3,338   1,690   435   94.4   6.9   7.2   99.3   19.6  
  Months  
26. More than 365 days 3.97   5,494   2,392   35   65.7   28.7   22.9   98.2   13.4  
27. Minimal risk .76   41   1,396   18   10.4   .2   .0   98.2   40.1  
28. Low risk 3.03   318   1,239   45   62.4   23.1   19.2   95.8   7.4  
29. Moderate risk 4.15   2,698   2,825   37   64.6   15.8   31.1   97.9   14.6  
30. Other 4.36   1,461   2,536   28   91.7   11.4   24.1   99.0   18.6  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31. 7.5 - 99 4.03   2,157   3.2   31   87.6   10.9   67.8   64.7   8.0  
32. 100 - 999 3.66   8,813   3.2   60   75.8   20.4   57.0   84.3   10.5  
33. 1,000 - 9,999 3.25   15,488   3.2   114   60.8   26.7   32.5   96.2   13.7  
34. 10,000+ 2.42   24,074   2.6   239   36.8   25.8   11.7   94.3   16.6  
Base rate of loan7   Average size
($ thousands)		  
35. Prime8 4.30   14,339   3.3   103   68.2   7.3   247   84.7   11.2  
36. Other 2.43   36,193   2.8   183   47.2   31.3   1,061   94.8   15.6  
... 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 4.75   3,886   114   691   82.7   5.0   61.5   78.5   7.3  
2. Minimal risk 4.28   221   103   651   90.7   11.4   21.3   78.9   1.0  
3. Low risk 4.23   630   157   681   68.9   12.3   55.3   86.4   10.5  
4. Moderate risk 4.86   1,410   103   558   79.7   4.7   66.8   77.9   5.9  
5. Other 4.93   1,272   114   814   87.7   2.0   74.5   78.6   9.4  
 
6. Zero interval 4.65   1,886   129   421   80.1   4.3   83.3   84.9   8.0  
7. Minimal risk 3.84   10   59   827   82.1   .0   90.2   77.6   2.2  
8. Low risk 4.79   209   187   954   72.3   18.9   75.0   99.8   4.4  
9. Moderate risk 4.67   686   128   318   75.6   4.2   84.0   78.8   6.8  
10. Other 4.63   812   122   407   83.2   1.6   92.5   84.0   11.4  
 
11. Daily 4.70   333   94   396   76.7   2.2   91.9   94.3   5.6  
12. Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
13. Low risk 4.20   122   137   525   71.0   4.3   96.9   95.8   4.2  
14. Moderate risk 4.82   121   94   291   74.6   1.3   88.0   97.1   5.7  
15. Other 5.46   77   65   312   85.1   .9   99.5   90.9   8.5  
 
16. 2 to 30 days 3.78   285   133   273   69.0   8.6   55.1   89.3   18.8  
17. Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
18. Low risk 1.73   80   323   83   33.5   .0   29.8   99.2   34.2  
19. Moderate risk 4.60   148   110   367   76.7   16.6   67.0   83.3   13.8  
20. Other 4.54   50   108   295   98.7   .0   61.7   93.3   7.8  
 
21. 31 to 365 days 4.51   543   92   312   83.6   .5   38.1   83.9   5.0  
22. Minimal risk 3.87   125   135   223   87.8   .0   16.4   78.1   .3  
23. Low risk 3.62   102   148   166   58.9   .0   31.9   86.1   17.7  
24. Moderate risk 4.81   209   87   483   87.2   .8   53.4   88.4   2.0  
25. Other 5.44   63   74   240   93.8   1.6   46.1   77.6   5.9  
  Months  
26. More than 365 days 5.57   805   111   57   95.4   9.7   14.3   48.4   1.3  
27. Minimal risk 4.94   81   96   43   95.4   31.3   15.9   78.8   1.6  
28. Low risk 5.52   117   110   43   93.4   28.3   14.5   43.9   .1  
29. Moderate risk 5.77   232   74   48   91.1   4.0   14.8   51.1   .4  
30. Other 5.79   249   160   78   98.6   4.2   16.1   52.8   2.7  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31. 7.5 - 99 5.45   822   3.2   314   87.4   1.4   64.3   80.9   5.1  
32. 100 - 999 5.02   1,748   3.2   440   84.0   3.4   65.5   75.1   5.5  
33. 1,000 - 9,999 3.87   1,246   2.9   361   76.7   6.7   55.0   80.3   11.6  
34. 10,000+ ...   ...   ...   ...   ...   ...   ...   ...   ...  
Base rate of loan7   Average size
($ thousands)		  
35. Prime8 4.84   2,390   3.3   78   81.0   2.0   110   82.8   7.2  
36. Other 4.62   1,496   2.8   858   85.3   9.9   121   71.5   7.4  
... 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 1.72   35,107   8,982   504   29.1   66.1   7.9   71.5   7.2  
2. Minimal risk .87   2,226   10,078   262   7.6   68.4   1.0   100.0   .5  
3. Low risk 1.16   9,731   12,608   316   9.5   77.0   12.5   83.0   3.4  
4. Moderate risk 1.29   12,390   8,283   277   39.2   60.3   5.6   47.4   9.0  
5. Other 2.09   6,474   5,655   410   19.9   50.9   12.4   71.6   8.3  
 
6. Zero interval 4.23   1,475   1,680   1,098   46.5   3.2   65.5   100.0   11.0  
7. Minimal risk 3.52   160   2,427   1,440   12.4   .0   .0   100.0   6.5  
8. Low risk 3.43   67   1,364   946   59.0   5.7   72.7   100.0   5.7  
9. Moderate risk 4.29   752   1,691   1,163   31.0   4.8   77.5   100.0   9.1  
10. Other 4.80   454   1,466   970   86.6   1.6   73.6   100.0   13.6  
 
11. Daily .78   15,271   28,875   67   22.4   74.1   .0   42.6   1.9  
12. Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
13. Low risk .86   4,920   35,725   86   .2   78.1   .0   66.4   .4  
14. Moderate risk .70   7,180   29,559   59   45.4   68.7   .0   19.3   6.7  
15. Other 1.10   2,036   16,635   86   6.8   69.0   .0   35.5   2.1  
 
16. 2 to 30 days 1.17   8,776   7,231   323   11.9   66.2   5.7   87.1   6.2  
17. Minimal risk .65   425   11,397   363   1.8   70.9   .8   100.0   .0  
18. Low risk .91   2,853   8,646   292   3.2   83.4   13.7   100.0   4.6  
19. Moderate risk 1.37   2,763   6,830   354   26.8   60.1   2.1   74.6   6.7  
20. Other 1.35   2,467   6,322   283   8.1   59.3   1.8   82.6   5.2  
 
21. 31 to 365 days 2.64   6,043   5,485   786   32.1   41.7   16.8   98.1   12.5  
22. Minimal risk 1.54   507   5,351   390   27.1   18.0   3.8   100.0   .1  
23. Low risk 1.94   1,608   8,362   1,022   33.4   62.8   31.9   99.7   5.7  
24. Moderate risk 2.33   1,667   4,283   698   36.1   48.7   2.0   99.0   13.7  
25. Other 3.83   1,515   4,743   890   36.5   27.4   28.0   93.8   14.2  
  Months  
26. More than 365 days 4.63   3,306   20,579   74   87.5   99.1   1.5   100.0   8.5  
27. Minimal risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
28. Low risk 2.17   50   1,236   34   14.9   48.0   60.7   100.0   20.8  
29. Moderate risk ...   ...   ...   ...   ...   ...   ...   ...   ...  
30. Other ...   ...   ...   ...   ...   ...   ...   ...   ...  
Size of loan
($ thousands)		   Weighted-
average risk
rating3		 Weighted-
average
maturity/
repricing
interval2		  
  Days  
31. 7.5 - 99 3.84   17   3.1   55   32.5   25.0   65.1   92.9   16.0  
32. 100 - 999 2.95   512   3.1   53   36.6   32.9   31.2   92.7   17.6  
33. 1,000 - 9,999 1.93   6,249   3.0   99   31.3   47.3   15.0   93.0   15.9  
34. 10,000+ 1.66   28,329   2.7   259   28.4   70.9   5.9   66.3   4.3  
Base rate of loan7   Average size
($ thousands)		  
35. Prime8 3.58   2,765   2.9   39   27.5   12.2   2,818   99.8   7.0  
36. Other 1.57   32,342   2.8   242   29.2   70.7   11,048   69.1   7.2  
... 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 1.89   32,331   687   2.7   99   35.6   58.7   15.5  
2. Not under commitment 1.70   14,939   455   2.9   61   47.3   55.4   17.5  
3. Informal commitment 1.10   10,032   1,493   2.3   52   10.7   90.4   6.5  
4. Formal commitment 3.35   7,359   976   3.0   240   45.6   22.2   23.6  
  Before survey week9  
5. Up to 90 days 2.61   14,599   576   2.9   109   33.0   24.9   26.2  
6. 91 to 365 days 3.40   18,780   495   3.1   441   62.0   41.8   30.7  
7. More than 365 days 2.75   23,806   1,228   2.9   190   51.7   22.3   20.6  
 
Domestic banks
8. During survey week 3.69   11,110   244   2.8   262   65.8   20.4   41.4  
9. Not under commitment 3.64   4,929   152   2.5   175   69.0   9.1   52.9  
10. Informal commitment 3.50   1,266   205   3.0   305   80.0   26.4   47.9  
11. Formal commitment 3.78   4,916   698   3.1   338   58.9   30.3   28.3  
  Before survey week9  
12. Up to 90 days 2.86   9,220   374   3.0   148   45.9   31.1   27.4  
13. 91 to 365 days 3.14   13,706   366   3.1   93   57.6   28.4   37.9  
14. More than 365 days 2.83   20,372   1,122   2.9   197   52.1   17.3   21.6  
 
Large domestic banks
15. During survey week 3.36   9,052   316   2.8   173   60.9   23.6   39.1  
16. Not under commitment 3.25   4,091   164   2.3   49   65.0   9.6   53.7  
17. Informal commitment 2.52   705   657   3.3   352   74.8   45.9   35.4  
18. Formal commitment 3.59   4,256   1,630   3.1   263   54.7   33.3   25.6  
  Before survey week9  
19. Up to 90 days 2.74   8,615   466   2.9   149   43.3   33.2   24.0  
20. 91 to 365 days 3.05   12,973   442   3.1   97   56.4   29.9   35.8  
21. More than 365 days 2.81   19,891   1,275   2.9   201   51.7   17.5   20.6  
 
Small domestic banks
22. During survey week 5.14   2,058   121   3.0   657   87.1   6.6   51.8  
23. Not under commitment 5.51   837   113   3.2   791   88.5   6.6   49.1  
24. Informal commitment 4.74   560   110   2.6   243   86.6   1.7   63.6  
25. Formal commitment 5.00   661   149   3.0   820   85.8   10.9   45.3  
  Before survey week9  
26. Up to 90 days 4.65   605   97   3.2   136   82.5   1.1   75.8  
27. 91 to 365 days 4.60   733   91   3.3   28   78.3   1.5   74.3  
28. More than 365 days 3.47   482   189   3.3   35   70.2   8.2   65.8  
 
Foreign banks
29. During survey week .95   21,221   14,636   2.7   14   19.7   78.8   1.9  
30. Not under commitment .75   10,011   24,174   3.0   4   36.6   78.2   .1  
31. Informal commitment .76   8,767   16,340   2.2   16   .7   99.6   .5  
32. Formal commitment 2.49   2,443   4,893   2.7   44   18.9   6.0   14.1  
  Before survey week9  
33. Up to 90 days 2.16   5,379   7,844   2.9   42   11.0   14.3   24.1  
34. 91 to 365 days 4.13   5,074   9,457   2.9   1,414   73.9   77.8   11.3  
35. More than 365 days 2.26   3,434   2,777   3.3   146   49.0   51.6   14.5  
... 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 3.36   3.37   3.35   3.50   3.25  
Standard error of loan rate4 .21   .11   .12   .14   .47  

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 June 30, 2011, assets of the large banks were at least $4.3 billion. Median total assets for all insured banks were roughly $145 million. Assets at all U.S. branches and agencies averaged $8.9 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