FEDERAL RESERVE statistical release

E.2

For Immediate Release
June 14, 2000

SURVEY OF TERMS OF BUSINESS LENDING, MAY 1-5, 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

7.78
6.82
7.15
7.97
8.63

134,528
27,789
20,511
38,714
24,603

681
3,303
1,168
586
419

408
367
368
478
364

44.0
60.5
13.9
45.8
39.1

9.5
3.2
12.1
12.6
8.9

31.3
84.4
33.9
18.6
7.9

76.6
97.8
81.8
75.5
67.8

Foreign
Foreign
Foreign
Prime
Fed Funds

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

8.92
9.42
7.93
8.80
9.56

27,659
529
2,271
11,185
5,862

382
310
414
381
208

407
709
341
353
631

55.0
56.6
31.0
61.0
72.1

10.8
62.8
13.4
8.8
21.2

2.2
6.3
10.7
1.7
1.9

69.4
99.8
94.7
93.4
86.6

Prime
Prime
Prime
Prime
Prime

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

7.21
6.52
6.94
7.34
7.77

64,050
17,738
10,066
16,797
8,915

1,249
19,729
3,548
1,356
800

197
128
254
232
120

45.3
80.0
6.7
31.6
23.6

9.5
0.5
12.6
15.8
5.0

41.5
97.0
41.3
20.2
1.9

75.2
99.6
72.8
61.5
45.3

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

7.60
7.16
6.98
7.81
8.59

18,752
5,145
3,350
4,390
3,989

1,105
5,070
2,298
759
538

377
698
237
359
158

26.7
21.7
13.2
41.1
30.3

6.6
2.1
17.3
8.9
3.1

46.2
86.0
35.4
40.5
8.6

77.7
93.6
83.0
76.7
61.7

Foreign
Foreign
Foreign
Foreign
Foreign

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

8.04
7.17
7.46
8.10
9.00

17,901
3,522
3,719
4,176
4,815

504
962
677
350
721

525
784
366
640
315

34.1
32.5
19.3
49.0
27.2

4.0
0.3
5.0
8.4
1.6

30.9
37.8
36.0
34.5
26.1

90.9
96.1
94.0
91.3
88.8

Foreign
Foreign
Foreign
Foreign
Foreign

60.1
8.4
30.1
81.2
74.8

16.3
41.0
0.6
16.3
18.0

12.5
19.5
3.7
21.9
6.1

75.2
93.6
92.2
53.1
78.7

Prime
Other
Fed Funds
Prime
Fed Funds

86.1
75.3
48.8
34.7

28.3
19.9
8.8
7.3

1.9
6.9
20.5
41.6

75.8
84.3
78.4
74.5

Prime
Prime
Prime
Fed Funds

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

8.37
7.90
6.73
8.74
9.23

5,117
848
964
1,842
850

283
787
457
360
202

WeightedAverage Risk
Rating2

Size and base rate

83
46
65
99
86
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

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

9.94
9.26
8.30
7.20

3,354
13,556
37,090
80,527

3.3
3.2
3.0
2.3

195
120
105
40

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

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

9.54
6.88
7.06
7.37
7.81

31,978
34,233
13,265
39,426
15,626

3.2
2.7
2.3
1.9
3.0

128
24
36
30
181

75.1
30.4
8.1
46.1
34.9

16.4
8.6
19.7
2.2
6.9

1.8
22.3
69.4
57.8
10.8

80.2
56.2
73.9
92.5
76.2

242
8,049
4,171
3,684
331

E.2

For Immediate Release
June 14, 2000

SURVEY OF TERMS OF BUSINESS LENDING, MAY 1-5, 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

8.06
6.97
7.19
8.17
8.95

90,016
13,678
13,727
30,804
14,701

474
1,902
827
480
261

535
506
602
567

566

45.8
35.4
20.1
52.7
57.1

13.2
5.9
16.4
15.3
14.2

25.7
77.6
42.2
18.8
7.3

78.3
95.7
85.4
80.8
75.9

Prime
Fed Funds
Domestic
Prime
Prime

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

8.91
9.32
8.01
8.79
9.52

27,111
462
2,143
11,030
5,663

381
324
394
380
204

407
709
363
352
632

54.7
51.2
32.7
60.7
71.2

10.8
57.4
14.2
8.9
21.9

2.2
7.2
11.3
1.7
2.0

69.0
99.8
94.4
93.4
87.3

Prime
Prime
Prime
Prime
Prime

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

7.51
6.60
6.96
7.50
8.15

34,976
6,694
6,193
11,071
4,848

713
9,822
2,463
935
458

355
297
333
376
216

41.7
58.6
10.8
39.5
32.8

16.6
1.3
19.8
22.6
8.3

38.8
96.2
61.0
28.7
2.4

79.4
98.9
82.1
67.0
55.3

Fed Funds
Fed Funds
Domestic
Fed Funds
Fed Funds

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

7.62
7.19
7.00
7.94
9.14

12,283
4,184
2,338
3,168
1,644

788
5,249
1,789
592
236

543
803
333
458
352

30.8
9.3
18.9
53.1
57.3

9.4
2.6
20.9
12.3
7.6

46.0
84.5
38.6
31.4
9.6

86.4
92.3
79.2
87.5
76.8

Foreign
Foreign
Domestic
Foreign
Prime

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

7.97
6.75
7.43
8.18
8.99

9,810
1,488
1,962
3,368
1,533

298
471
386
297
272

619
313
629
762
489

46.0
15.2
33.3
50.9
70.1

5.6
0.1
4.7
9.9
1.7

27.2
9.9
42.8
31.1
41.5

90.4
90.8
89.3
93.0
94.0

Foreign
Foreign
Foreign
Foreign
Foreign

60.0
7.9
29.1
81.2
75.3

16.3
40.6
0.7
16.3
18.1

12.5
19.7
3.7
21.9
6.1

75.1
93.6
92.1
53.1
78.5

Prime
Other
Fed Funds
Prime
Fed Funds

86.4
78.0
55.1
28.9

28.4
20.9
10.3
11.8

1.7
4.0
14.7
39.8

75.8
84.1
80.1
75.9

Prime
Prime
Prime
Fed Funds

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

8.37
7.89
6.70
8.74
9.23

5,093
843
950
1,842
845

282
787
452
360
201

WeightedAverage Risk
Rating2

Size and base rate

83
46
64
99
87
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

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

9.95
9.34
8.51
7.31

3,319
12,258
27,787
46,652

3.3
3.3
3.0
2.3

197
129
132
61

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

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

9.50
6.73
6.99
7.74
7.83

29,950
17,355
10,884
17,573
14,253

3.2
2.3
2.3
2.3
2.9

134
41
43
44
195

77.0
39.8
9.8
29.9
34.3

15.5
16.9
24.0
3.6
7.5

1.5
38.3
62.8
42.8
10.6

79.1
62.2
89.0
83.3
82.0

230
7,220
3,937
2,239
304

E.2

For Immediate Release
June 14, 2000

SURVEY OF TERMS OF BUSINESS LENDING, MAY 1-5, 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

7.90
6.93
7.04
8.01
8.78

80,081
13,105
12,543
27,031
12,071

861
9,257
2,835
979
372

529
489
508
484

499

41.8
33.1
16.3
48.9
50.9

11.8
5.6
15.7
13.4
11.8

27.3
79.4
46.1
18.6
6.7

78.4
98.3
85.9
80.9
75.2

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

8.80
9.53
7.80
8.65
9.41

23,007
379
1,638
9,551
4,370

724
1,061
1,185
767
304

409
755
354
345
670

51.7
54.5
29.7
57.8
67.5

7.3
58.3
4.9
5.4
19.2

2.0
8.8
13.7
1.5
0.9

66.5
100.0
95.0
95.7
89.7

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

7.43
6.57
6.92
7.37
8.06

33,700
6,630
6,065
10,429
4,652

820
18,311
3,754
1,213
528

338
296
326
323
210

40.0
58.2
9.9
36.2
30.3

16.5
1.3
20.2
23.4
7.4

40.1
97.2
62.3
30.3
2.1

79.1
99.8
82.1
65.7
53.9

Fed Funds
Fed Funds
Domestic
Fed Funds
Fed Funds

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

7.55
7.20
6.89
7.89
9.15

11,072
4,010
2,170
2,647
1,389

1,197
18,561
4,334
1,051
262

576
834
303
516
388

27.0
5.3
14.2
52.5
55.6

9.1
2.7
21.0
11.0
8.1

46.2
84.6
41.6
27.1
2.9

87.3
95.6
78.3
85.7
78.1

Foreign
Foreign
Domestic
Foreign
Prime

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

7.79
6.65
7.25
8.03
8.76

8,355
1,300
1,773
2,879
1,221

1,496
4,273
2,787
1,656
584

618
217
659
807
564

39.6
4.1
28.3
45.9
66.0

3.7
0.0
3.9
6.0
1.3

30.0
5.2
47.4
34.2
50.2

94.8
98.3
92.9
96.0
95.4

Foreign
Foreign
Foreign
Foreign
Foreign

42.1
0.9
17.3
78.8
31.4

10.1
40.5
0.3
0.4
1.4

6.5
22.6
4.4
3.1
5.4

78.2
99.2
99.7
46.3
89.7

Other
Other
Fed Funds
Prime
Fed Funds

86.3
76.2
51.5
28.6

33.5
19.5
8.0
11.5

1.3
2.4
14.6
39.7

85.5
86.9
79.5
75.9

Prime
Prime
Prime
Fed Funds

Prime
Fed Funds
Domestic
Prime
Prime
Prime
Prime
Other
Prime
Prime

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

7.73
7.72
6.26
8.44
8.52

3,257
780
760
1,210
301

1,272
5,450
5,859
1,339
334

WeightedAverage Risk
Rating2

Size and base rate

64
44
67
75
84
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

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

9.78
9.28
8.42
7.30

1,637
8,676
23,982
45,786

3.5
3.4
3.0
2.3

48
39
46
60

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

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

9.40
6.68
6.97
7.74
7.70

23,793
16,870
10,731
16,147
12,539

3.2
2.3
2.3
2.2
2.9

49
24
38
42
134

75.2
39.2
8.6
28.2
27.8

12.1
15.8
24.1
3.6
5.9

0.3
39.4
63.6
41.7
11.2

78.5
61.2
89.7
83.6
84.7

320
12,270
8,584
2,565
1,282

E.2

For Immediate Release
June 14, 2000

SURVEY OF TERMS OF BUSINESS LENDING, MAY 1-5, 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

9.31
7.97
8.68
9.32
9.75

9,936
574
1,185
3,773
2,631

103
99
97
103
110

1,100
699
680
1,242
951

78.0
87.1
59.9
79.7
85.4

24.5
12.9
24.2
28.9
25.2

12.9
38.2
2.2
20.3
10.0

77.9
34.8
80.7
80.3
79.0

Prime
Prime
Prime
Prime
Prime

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

9.58
8.36
8.66
9.66
9.90

4,104
84
505
1,479
1,293

104
78
125
89
96

392
442
395
398
507

71.7
36.4
42.3
79.3
83.8

30.3
53.5
44.2
31.4
31.0

3.3
-3.4
3.1
5.6

83.6
98.8
92.7
78.5
79.4

Prime
Prime
Prime
Prime
Prime

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

9.62
9.99
8.66
9.66
10.17

1,276
64
128
642
196

161
200
142
198
111

774
367
609
1,099
391

86.8
100.0
52.8
93.2
90.9

19.6
1.8
0.0
9.6
30.8

2.8
0.0
0.0
2.5
10.0

85.4
2.5
84.1
88.1
89.1

Prime
Prime
Prime
Prime
Prime

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

8.21
6.84
8.39
8.23
9.10

1,211
174
169
520
255

191
299
209
184
152

208
79
724
113
139

65.9
99.9
79.5
56.6
66.7

12.0
0.0
19.1
18.9
4.7

43.8
83.3
-52.4
44.2

78.2
15.6
90.7
96.8
69.4

Foreign
Foreign
Prime
Foreign
Foreign

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

9.02
7.48
9.19
9.03
9.86

1,455
188
189
489
313

53
66
42
51
88

623
978
336
502
204

82.7
91.4
79.5
80.5
86.3

16.2
0.6
11.9
32.6
3.5

11.9
39.3
3.7
13.3
7.5

65.2
38.6
56.1
75.6
88.6

Other
Other
Other
Other
Prime

91.9
93.3
76.2
85.9
99.6

27.3
42.4
2.0
46.8
27.3

22.0
-1.0
58.0
6.5

69.5
24.0
61.8
66.3
72.4

Prime
Prime
Other
Prime
Fed Funds

86.5
82.6
77.6
44.2

23.3
24.2
24.7
26.5

2.1
7.7
15.1
45.5

66.3
77.2
84.0
76.6

Prime
Prime
Prime
Foreign

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

9.50
9.95
8.47
9.32
9.62

1,836
63
190
632
544

119
68
96
150
165

WeightedAverage Risk
Rating2

Size and base rate

117
71
53
146
89
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

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

10.11
9.50
9.09
7.94

1,682
3,583
3,805
866

3.1
3.0
3.2
2.7

336
342
661
113

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

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

9.88
8.41
8.88
7.75
8.86

6,158
485
153
1,426
1,714

3.2
3.1
3.1
2.9
2.9

460
656
396
78
640

84.3
60.2
95.4
49.6
82.5

28.6
55.0
12.4
4.0
18.9

6.2
0.3
5.2
55.1
6.1

81.3
97.7
39.2
79.8
62.2

111
471
101
918
46

E.2

For Immediate Release
June 14, 2000

SURVEY OF TERMS OF BUSINESS LENDING, MAY 1-5, 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

7.23
6.67
7.07
7.22
8.15

44,511
14,110
6,784
7,910
9,902

5,856
11,568
7,167
4,106
3,944

201
112
41
103

112

40.3
84.8
1.3
19.0
12.3

2.0
0.6
3.4
2.1
1.0

42.5
90.8
17.4
17.6
8.7

73.2
100.0
74.4
54.8
55.8

Foreign
Foreign
Foreign
Fed Funds
Fed Funds

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

9.31
10.13
-9.59
10.52

549
66
-155
199

484
238
-444
438

395
--453
626

70.7
94.6
-80.1
98.9

13.6
100.0
-2.2
1.7

1.1
--2.1
0.2

86.9
100.0
-96.5
66.9

Prime
Prime
-Prime
Prime

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

6.84
6.47
6.91
7.02
7.31

29,074
11,045
3,873
5,726
4,068

13,105
50,748
12,020
10,379
7,328

30
23
144
1
10

49.5
92.9
0.1
16.2
12.7

0.8
-1.1
2.6
1.1

44.8
97.5
9.8
3.9
1.4

70.2
100.0
57.8
50.8
33.3

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

7.58
7.02
6.94
7.47
8.20

6,469
961
1,011
1,222
2,345

4,671
4,416
6,736
2,841
5,451

75
241
20
118
34

18.9
75.7
-9.8
11.4

1.4
-8.9
---

46.7
92.5
28.3
63.6
7.9

61.1
99.4
91.8
48.7
51.1

Foreign
Foreign
Foreign
Fed Funds
Fed Funds

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

8.12
7.48
7.49
7.77
9.00

8,090
2,034
1,757
807
3,282

3,064
4,059
4,250
1,356
3,158

414
1,129
79
150
235

19.7
45.1
3.7
40.9
7.2

2.1
0.5
5.3
2.0
1.6

35.2
56.6
29.2
48.3
19.0

91.6
100.0
99.2
83.9
86.3

------

------

------

------

------

18
41
25
12

58.2
49.8
29.8
42.8

19.2
11.2
4.3
1.0

23.0
34.3
37.8
44.1

73.9
86.2
73.3
72.6

Foreign
Foreign
Foreign
Foreign
Foreign

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+

9.18
8.48
7.67
7.05

35
1,298
9,303
33,875

3.1
3.0
2.8
2.2

Prime
Foreign
Foreign
Foreign
Average Size
($thousands)

Base rate6
35
36
37
38
39

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

10.08
7.04
7.35
7.07
7.54

2,027
16,878
2,380
21,853
1,373

3.2
3.1
2.7
1.7
4.3

39
6
6
19
46

46.0
20.8
0.1
59.2
40.2

30.7
--1.1
1.3

6.1
5.8
99.7
69.9
12.5

96.0
50.1
4.7
99.9
15.4

977
9,128
5,735
7,660
3,362

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 9.02 percent for all banks, 9.00 percent for large domestic banks, 9.10
percent for small domestic banks, and 9.00 percent for U.S. branches and agencies of foreign banks.