FEDERAL RESERVE statistical release

E.2

For Immediate Release
March 22, 2000

SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 7-11, 2000
TABLE 1
Commercial and Industrial loans made by all commercial banks1
Risk2 and
maturity/repricing
interval3 of loans

WeightedAverage
Effective
Loan Rate4
(percent)

Percent of Amount of Loans
Amount of
Loans
($ millions)

Average
Loan Size
($ thousands)

WeightedAverage
Maturity5

Secured by
Collateral

Callable

Subject to
Prepayment
Penalty

Made Under
Commitment

Most
Common
Base
Pricing Rate6

Days
1 All C&I loans
2
Minimal risk
3
Low risk
4
Moderate risk
5
Other

7.44
6.47
6.87
7.54
8.24

117,861
16,743
21,029
38,110
23,376

728
2,723
1,435
700
505

375
219
329
509
380

43.8
73.3
18.1
39.2
41.9

10.9
6.7
13.4
10.1
12.0

32.5
82.2
34.8
26.7
16.9

73.9
98.8
69.2
76.7
69.8

Foreign
Foreign
Fed Funds
Prime
Fed Funds

6 Zero interval
7
Minimal risk
8
Low risk
9
Moderate risk
10 Other

8.64
7.99
8.33
8.49
9.32

19,753
559
2,130
7,672
3,972

353
447
519
339
187

459
562
535
441
597

54.7
44.0
32.8
62.3
76.8

14.6
31.3
16.0
13.3
30.7

3.5
22.8
11.3
1.6
1.7

71.1
97.5
93.7
97.5
87.8

Prime
Prime
Prime
Prime
Prime

11 Daily
12 Minimal risk
13 Low risk
14 Moderate risk
15 Other

6.84
6.17
6.60
6.98
7.60

54,728
12,205
11,904
14,630
6,867

1,321
16,152
5,873
1,147
771

170
74
209
261
98

42.9
84.9
12.7
25.9
29.5

9.4
3.5
13.8
11.1
7.7

41.6
94.6
39.3
28.5
3.9

69.6
99.5
55.6
65.4
42.0

Fed Funds
Foreign
Fed Funds
Fed Funds
Fed Funds

16 2 to 30 days
17 Minimal risk
18 Low risk
19 Moderate risk
20 Other

7.42
6.88
6.69
7.31
8.28

25,414
2,638
4,362
9,882
7,001

1,315
2,096
2,334
1,497
900

456
502
333
587
400

31.1
41.6
14.5
29.0
34.7

5.2
0.6
6.8
5.3
3.9

41.2
59.5
42.6
46.1
24.7

84.2
99.7
90.8
84.7
77.4

Foreign
Foreign
Foreign
Foreign
Foreign

21 31 to 365 days
22 Minimal risk
23 Low risk
24 Moderate risk
25 Other

7.67
7.70
7.07
7.59
8.05

12,407
933
2,225
3,654
4,532

500
461
596
587
1,071

557
898
492
795
388

37.9
53.0
31.8
40.4
29.4

9.8
16.5
21.1
11.0
3.5

30.1
54.4
23.4
34.9
30.5

80.2
92.0
77.9
79.2
79.8

Foreign
Foreign
Foreign
Foreign
Foreign

82.8
11.4
60.8
94.4
94.4

26.6
83.8
16.4
2.3
70.5

15.5
1.3
7.1
2.3
73.3

53.1
87.8
60.0
27.2
86.8

Other
Domestic
Other
Prime
Other

85.3
73.6
44.5
36.8

29.8
19.5
13.2
7.5

3.8
11.3
26.9
40.0

78.3
86.1
81.0
68.0

Prime
Prime
Foreign
Fed Funds

Months
26 Over 365
27 Minimal risk
28 Low risk
29 Moderate risk
30 Other

8.81
7.80
7.93
9.16
9.03

4,013
374
388
1,828
741

238
466
139
415
259

WeightedAverage Risk
Rating2

Size and base rate

53
36
61
54
59
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

Size ($thousands)
1 - 99
100 - 999
1,000 - 9,999
10,000+

9.64
8.88
7.83
6.90

2,782
11,169
35,661
68,249

3.3
3.2
3.0
2.5

159
146
80
45

Average Size
($thousands)
Base rate6
35
36
37
38
39

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

9.27
6.64
6.73
7.13
7.61

23,612
31,663
13,666
35,416
13,503

3.2
2.8
2.4
2.4
3.1

123
9
37
35
231

73.7
29.5
9.7
50.5
41.8

22.4
8.9
20.3
2.5
8.1

2.8
17.9
70.6
57.4
14.2

77.5
46.0
71.9
94.5
80.8

220
8,776
4,068
3,318
366

E.2

For Immediate Release
March 22, 2000

SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 7-11, 2000
TABLE 2
Commercial and Industrial loans made by domestic banks1

Risk2 and
maturity/repricing
interval3 of loans

WeightedAverage
Effective
Loan Rate4
(percent)

Percent of Amount of Loans
Amount of
Loans
($ millions)

Average
Loan Size
($ thousands)

WeightedAverage
Maturity5

Secured by
Collateral

Callable

Subject to
Prepayment
Penalty

Made Under
Commitment

Most
Common
Base
Pricing Rate6

Days
1 All C&I loans
2
Minimal risk
3
Low risk
4
Moderate risk
5
Other

7.84
6.62
7.00
7.81
8.84

69,934
5,604
12,370
28,322
12,530

456
1,184
905
543
288

371
548
686
668

599

45.0
34.9
23.6
45.7
64.9

15.9
17.5
22.1
12.6
19.1

26.4
56.5
37.9
28.6
18.7

78.6
96.6
80.6
82.8
84.2

Prime
Fed Funds
Domestic
Prime
Prime

6 Zero interval
7
Minimal risk
8
Low risk
9
Moderate risk
10 Other

8.64
7.99
8.33
8.48
9.39

19,249
559
2,127
7,581
3,562

348
447
520
339
170

446
562
536
439
525

54.2
44.0
32.7
62.5
76.7

15.0
31.3
15.9
13.5
34.2

3.5
22.8
11.4
1.3
1.9

71.0
97.5
93.9
97.5
89.8

Prime
Prime
Prime
Prime
Prime

11 Daily
12 Minimal risk
13 Low risk
14 Moderate risk
15 Other

7.21
6.32
6.54
7.25
8.01

24,178
3,281
5,545
8,819
3,046

616
5,469
3,278
723
364

396
272
427
452
205

36.5
45.8
15.3
32.2
47.4

19.4
12.9
27.9
17.3
9.8

40.8
82.2
55.5
44.7
4.7

78.5
98.2
73.8
73.2
59.2

Domestic
Fed Funds
Domestic
Domestic
Fed Funds

16 2 to 30 days
17 Minimal risk
18 Low risk
19 Moderate risk
20 Other

7.65
6.26
6.79
7.46
9.06

14,793
937
2,594
7,047
3,474

907
1,473
1,742
1,224
511

695
251
550
812
771

34.3
3.9
20.0
30.6
59.2

7.8
1.7
11.5
5.6
6.5

38.3
18.4
38.3
45.1
38.1

94.3
99.1
92.5
94.0
95.9

Foreign
Fed Funds
Foreign
Foreign
Foreign

21 31 to 365 days
22 Minimal risk
23 Low risk
24 Moderate risk
25 Other

7.63
6.74
6.92
7.71
8.59

6,910
419
1,697
2,603
1,446

309
302
489
458
432

836
552
607
1,067
970

46.3
22.2
35.7
45.1
65.4

12.6
4.0
27.5
12.5
1.9

23.9
38.9
20.5
32.0
21.0

80.0
84.7
72.6
79.8
91.4

Foreign
Other
Foreign
Foreign
Foreign

82.9
11.4
60.8
94.4
94.7

26.6
83.8
16.4
2.3
70.7

15.5
1.3
7.1
2.3
73.2

53.1
87.8
60.0
27.2
86.7

Other
Domestic
Other
Prime
Other

85.9
77.1
49.6
28.8

29.8
20.2
15.8
13.5

3.6
7.4
22.9
36.4

78.2
85.4
83.1
73.4

Prime
Prime
Prime
Domestic

Months
26 Over 365
27 Minimal risk
28 Low risk
29 Moderate risk
30 Other

8.82
7.80
7.93
9.16
9.04

4,011
374
388
1,828
739

238
466
139
415
259

WeightedAverage Risk
Rating2

Size and base rate

53
36
61
54
59
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

Size ($thousands)
1 - 99
100 - 999
1,000 - 9,999
10,000+

9.65
8.99
8.09
7.18

2,742
9,776
24,261
33,155

3.3
3.2
3.1
2.6

161
162
106
83

Average Size
($thousands)
Base rate6
35
36
37
38
39

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

9.23
6.51
6.67
7.78
7.65

21,726
10,131
11,376
14,440
12,262

3.2
2.4
2.4
3.0
3.0

131
13
44
56
252

75.5
41.2
8.0
36.4
38.6

19.7
22.9
23.9
4.8
8.9

2.8
27.2
65.4
39.4
15.6

75.6
55.1
86.3
87.7
85.6

206
6,380
3,803
2,084
335

E.2

For Immediate Release
March 22, 2000

SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 7-11, 2000
TABLE 3
Commercial and Industrial loans made by large domestic banks1

Risk2 and
maturity/repricing
interval3 of loans

WeightedAverage
Effective
Loan Rate4
(percent)

Percent of Amount of Loans
Amount of
Loans
($ millions)

Average
Loan Size
($ thousands)

WeightedAverage
Maturity5

Secured by
Collateral

Callable

Subject to
Prepayment
Penalty

Made Under
Commitment

Most
Common
Base
Pricing Rate6

Days
1 All C&I loans
2
Minimal risk
3
Low risk
4
Moderate risk
5
Other

7.68
6.54
6.81
7.69
8.67

60,966
5,206
11,136
25,109
9,957

853
4,844
3,018
1,020
414

346
498
672
594

564

40.0
33.4
17.7
42.0
57.5

13.0
18.1
20.2
10.6
10.6

28.3
59.7
41.6
30.5
16.7

78.0
98.9
81.2
82.8
82.3

6 Zero interval
7
Minimal risk
8
Low risk
9
Moderate risk
10 Other

8.48
7.94
8.18
8.35
9.09

16,094
500
1,607
6,437
2,409

673
1,759
1,583
615
239

424
574
400
412
561

49.0
41.6
19.4
59.8
69.3

8.1
31.8
5.7
7.7
21.2

3.8
25.1
13.3
1.1
2.3

67.6
100.0
98.3
99.1
88.4

11 Daily
12 Minimal risk
13 Low risk
14 Moderate risk
15 Other

7.12
6.28
6.49
7.14
7.90

23,127
3,241
5,445
8,319
2,878

743
10,561
4,007
949
464

375
272
416
409
190

34.3
45.2
14.4
28.9
44.7

19.3
12.8
28.4
16.9
8.9

42.5
83.2
56.5
47.0
4.7

77.9
98.3
73.4
72.4
57.2

Domestic
Fed Funds
Domestic
Domestic
Fed Funds

16 2 to 30 days
17 Minimal risk
18 Low risk
19 Moderate risk
20 Other

7.62
6.23
6.68
7.45
9.09

13,398
910
2,425
6,361
3,256

1,442
7,691
3,316
2,154
662

736
248
577
861
789

32.0
1.2
15.5
29.7
57.4

5.0
1.3
6.6
4.0
5.6

39.3
18.2
40.9
44.9
38.4

94.0
99.9
92.1
93.5
96.3

Foreign
Fed Funds
Foreign
Foreign
Foreign

21 31 to 365 days
22 Minimal risk
23 Low risk
24 Moderate risk
25 Other

7.49
6.66
6.71
7.55
8.56

5,743
201
1,490
2,322
1,225

1,685
1,003
3,883
2,454
845

901
401
642
1,163
934

42.6
12.8
31.5
40.9
61.5

13.2
6.1
27.2
13.2
1.7

25.0
57.6
21.6
33.3
18.3

81.7
99.8
72.2
82.4
92.6

Foreign
Foreign
Foreign
Foreign
Foreign

72.7
0.3
10.5
93.4
71.8

16.4
96.3
22.1
0.4
14.3

4.6
1.5
16.7
2.4
31.4

47.8
99.8
92.9
23.5
68.2

Prime
Domestic
Other
Prime
Other

87.4
73.3
45.4
28.2

36.2
18.8
9.3
13.2

6.1
8.2
22.9
36.4

86.0
88.7
82.2
73.0

Prime
Prime
Prime
Domestic

Prime
Fed Funds
Domestic
Prime
Prime
Prime
Prime
Prime
Prime
Prime

Months
26 Over 365
27 Minimal risk
28 Low risk
29 Moderate risk
30 Other

8.62
7.66
6.79
9.14
8.61

2,266
326
156
1,472
119

1,332
2,335
1,552
2,631
210

WeightedAverage Risk
Rating2

Size and base rate

46
34
46
50
47
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

Size ($thousands)
1 - 99
100 - 999
1,000 - 9,999
10,000+

9.51
8.90
8.01
7.16

1,253
6,520
20,616
32,576

3.5
3.4
3.0
2.6

40
40
47
81

Average Size
($thousands)
Base rate6
35
36
37
38
39

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

9.13
6.44
6.66
7.80
7.41

17,049
9,615
11,293
13,291
9,717

3.1
2.4
2.4
3.0
3.0

126
4
40
47
69

72.8
38.8
7.4
36.0
27.2

13.5
20.1
24.0
4.5
3.6

3.3
28.2
65.8
38.4
13.9

73.7
52.7
86.9
86.9
88.3

301
9,393
9,205
2,499
1,324

E.2

For Immediate Release
March 22, 2000

SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 7-11, 2000
TABLE 4
Commercial and Industrial loans made by small domestic banks1

Risk2 and
maturity/repricing
interval3 of loans

WeightedAverage
Effective
Loan Rate4
(percent)

Percent of Amount of Loans
Amount of
Loans
($ millions)

Average
Loan Size
($ thousands)

WeightedAverage
Maturity5

Secured by
Collateral

Callable

Subject to
Prepayment
Penalty

Made Under
Commitment

Most
Common
Base
Pricing Rate6

Days
1 All C&I loans
2
Minimal risk
3
Low risk
4
Moderate risk
5
Other

8.93
7.60
8.72
8.72
9.49

8,969
399
1,235
3,213
2,573

109
109
124
117
133

707
1,082
824
1,055

878

78.8
54.4
76.8
74.1
93.3

35.7
9.8
39.0
27.9
52.2

13.8
15.0
4.5
13.7
26.0

82.7
66.3
75.5
83.2
91.7

Prime
Other
Prime
Prime
Prime

6 Zero interval
7
Minimal risk
8
Low risk
9
Moderate risk
10 Other

9.45
8.37
8.80
9.17
10.02

3,156
60
520
1,144
1,154

101
62
169
96
107

616
446
1,206
632
388

80.8
63.9
73.8
77.4
92.0

50.0
26.9
47.7
45.8
61.5

2.1
3.7
5.2
2.3
1.0

88.3
76.5
80.2
88.7
92.7

Prime
Prime
Prime
Prime
Prime

11 Daily
12 Minimal risk
13 Low risk
14 Moderate risk
15 Other

9.26
9.45
9.29
9.10
9.77

1,051
40
100
500
168

130
137
301
146
78

836
273
961
1,166
454

84.7
96.2
62.5
88.2
92.6

20.8
22.0
1.8
24.4
25.6

3.0
--5.0
3.5

91.0
88.8
97.3
86.8
92.7

Prime
Prime
Prime
Prime
Prime

16 2 to 30 days
17 Minimal risk
18 Low risk
19 Moderate risk
20 Other

7.92
7.50
8.43
7.53
8.62

1,395
27
169
686
218

199
52
223
245
116

256
359
84
284
498

55.9
94.6
84.4
38.3
85.8

35.0
15.2
81.7
20.1
19.8

28.9
25.3
0.1
47.0
32.9

96.9
72.2
98.0
99.1
89.8

Foreign
Other
Fed Funds
Foreign
Foreign

21 31 to 365 days
22 Minimal risk
23 Low risk
24 Moderate risk
25 Other

8.35
6.81
8.50
9.00
8.76

1,166
218
207
280
221

61
184
67
59
117

521
682
317
348
1,172

64.3
31.0
65.7
80.2
87.1

9.6
2.0
29.6
6.5
2.8

18.7
23.4
12.7
21.4
34.8

71.6
70.8
76.0
58.1
84.5

Other
Other
Prime
Other
Foreign

96.2
85.9
94.6
98.3
99.1

39.8
0.3
12.7
9.8
81.6

29.6
-0.7
2.1
81.1

60.0
8.0
38.0
42.5
90.3

Other
Prime
Prime
Other
Other

84.6
84.7
73.3
65.7

24.4
23.1
52.9
27.4

1.5
5.6
22.4
36.8

71.7
78.6
88.0
100.0

Months
26 Over 365
27 Minimal risk
28 Low risk
29 Moderate risk
30 Other

9.06
8.74
8.70
9.24
9.12

1,745
49
232
355
620

115
73
86
92
271

WeightedAverage Risk
Rating2

Size and base rate

61
53
71
69
62
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

Size ($thousands)
1 - 99
100 - 999
1,000 - 9,999
10,000+

9.77
9.15
8.54
7.88

1,489
3,256
3,645
579

3.1
3.0
3.3
2.9

260
412
465
171

Prime
Prime
Prime
Foreign
Average Size
($thousands)

Base rate6
35
36
37
38
39

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

9.58
7.88
9.24
7.48
8.57

4,677
516
83
1,148
2,544

3.3
2.8
2.3
3.2
3.0

149
182
560
151
1,037

85.2
85.2
93.1
41.9
82.1

42.1
75.0
11.4
8.2
29.2

0.8
9.2
1.5
51.8
21.9

82.7
99.1
16.9
96.5
75.2

96
914
47
713
87

E.2

For Immediate Release
March 22, 2000

SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 7-11, 2000
TABLE 5
Commercial and Industrial loans made by U.S. branches and agencies of foreign banks1

Risk2 and
maturity/repricing
interval3 of loans

WeightedAverage
Effective
Loan Rate4
(percent)

Percent of Amount of Loans
Amount of
Loans
($ millions)

Average
Loan Size
($ thousands)

WeightedAverage
Maturity5

Secured by
Collateral

Callable

Subject to
Prepayment
Penalty

Made Under
Commitment

Most
Common
Base
Pricing Rate6

Days
1 All C&I loans
2
Minimal risk
3
Low risk
4
Moderate risk
5
Other

6.84
6.39
6.69
6.78
7.55

47,926
11,139
8,659
9,788
10,846

5,620
7,864
8,737
4,414
3,897

143
42
31
84

68

42.0
92.6
10.2
20.4
15.3

3.7
1.2
1.1
3.1
3.8

41.3
95.1
30.4
21.2
15.0

66.9
99.9
53.0
58.8
53.1

Fed Funds
Foreign
Fed Funds
Fed Funds
Fed Funds

6 Zero interval
7
Minimal risk
8
Low risk
9
Moderate risk
10 Other

8.89
--9.75
8.70

504
--91
410

770
--343
1,082

1,051
--626
1,180

72.2
--45.0
78.1

0.8
--1.4
--

4.6
--25.4
0.1

74.9
--98.6
70.1

Prime
--Prime
Prime

11 Daily
12 Minimal risk
13 Low risk
14 Moderate risk
15 Other

6.56
6.11
6.66
6.57
7.27

30,550
8,923
6,359
5,811
3,821

13,887
57,328
18,953
10,338
7,081

11
1
40
1
15

48.0
99.2
10.5
16.2
15.2

1.5
-1.4
1.6
6.1

42.3
99.2
25.1
4.1
3.2

62.5
100.0
39.7
53.6
28.3

Fed Funds
Foreign
Fed Funds
Fed Funds
Fed Funds

16 2 to 30 days
17 Minimal risk
18 Low risk
19 Moderate risk
20 Other

7.10
7.22
6.53
6.92
7.50

10,621
1,701
1,768
2,835
3,527

3,511
2,732
4,647
3,346
3,628

135
640
27
42
46

26.6
62.3
6.5
24.9
10.7

1.7
--4.7
1.3

45.1
82.2
48.9
48.4
12.2

70.0
100.0
88.3
61.3
59.3

Foreign
Foreign
Foreign
Foreign
Foreign

21 31 to 365 days
22 Minimal risk
23 Low risk
24 Moderate risk
25 Other

7.71
8.48
7.52
7.30
7.80

5,497
514
528
1,051
3,086

2,261
805
1,997
1,935
3,478

195
1,272
119
127
105

27.5
78.0
19.5
28.7
12.5

6.3
26.7
0.4
7.2
4.3

37.7
66.4
32.5
41.9
34.7

80.4
98.0
94.9
77.6
74.4

Foreign
Foreign
Foreign
Foreign
Foreign

------

------

------

------

------

39
37
26
9

45.4
49.1
33.7
44.4

28.6
14.4
7.5
2.0

21.4
38.4
35.5
43.4

87.6
90.9
76.7
62.8

Months
26 Over 365
27 Minimal risk
28 Low risk
29 Moderate risk
30 Other

------

------

------

WeightedAverage Risk
Rating2

Size and base rate

------

WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

Size ($thousands)
1 - 99
100 - 999
1,000 - 9,999
10,000+

8.86
8.15
7.28
6.64

40
1,393
11,400
35,093

2.9
3.0
2.9
2.4

Prime
Foreign
Foreign
Fed Funds
Average Size
($thousands)

Base rate6
35
36
37
38
39

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

9.74
6.70
6.99
6.68
7.30

1,886
21,532
2,290
20,977
1,241

3.3
3.1
2.8
2.0
3.9

25
6
4
21
33

52.9
24.0
18.3
60.2
73.1

53.6
2.4
2.6
0.8
0.0

3.4
13.5
96.6
69.7
0.2

99.0
41.7
-99.2
33.6

891
10,659
6,216
5,605
4,431

NOTES
The Survey of Terms of Business Lending collects data on gross loan extensions made during the first full
business week in the mid-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. Note that 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 December 31, 1996, assets of most of the large banks were at least $7.0 billion. Median total
assets for all insured banks were roughly $62 million. Assets at all U.S. branches and agencies
averaged $1.3 billion.
2. A complete description of these risk categories is available from the Banking Analysis Section, mail stop
81, the Federal Reserve Board, Washington, DC 20551. 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 to 39 are not rated for risk.
3. 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. Owing to weekends and holidays, such
loans may have "maturity/repricing" intervals in excess of one day; such loans are not included in the 2
to 30 day category.
4. Effective (compounded) annual interest rates are calculated from the stated rate and other terms of the
loans and weighted by loan amount. The standard error of the loan rate for all C&I loans in the current
survey (line 1, column 1) is 0.16 percentage points. The chances are about two out of three that the
average rate shown would 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. The most common base pricing rate is that used to price the largest dollar volume of loans. Base pricing
rates include the prime rate (sometimes referred to as a bank’s "base" or "reference" rate), the federal
funds rate; domestic money market rates other than the prime rate and the federal funds rate, foreign
money market rates, and other base rates not included in the foregoing classifications.
7. For the current survey, the average reported prime rate, weighted by the amount of loans priced relative
to a prime base rate, was 8.77 percent for all banks, 8.75 percent for large domestic banks, 8.87
percent for small domestic banks, and 8.69 percent for U.S. branches and agencies of foreign banks.