FEDERAL RESERVE statistical release

E.2

For Immediate Release
September 28, 2000

SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 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

8.28
7.42
7.55
8.41
8.95

114,271
7,454
16,581
37,122
24,071

756
1,055
1,213
652
591

393
439
378
468
409

41.6
49.7
15.1
36.7
39.5

11.4
11.6
13.3
9.9
11.4

24.9
52.4
38.6
30.9
12.3

72.4
88.5
80.8
79.6
69.2

Fed Funds
Fed Funds
Fed Funds
Foreign
Fed Funds

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

9.46
8.49
8.39
9.39
10.32

21,648
598
1,538
7,244
4,781

434
293
471
365
269

439
508
468
381
606

54.2
35.7
31.9
53.5
83.1

14.5
30.1
34.1
12.0
30.7

3.5
7.1
18.3
4.8
1.6

58.6
97.1
96.6
79.9
86.4

Prime
Other
Prime
Prime
Prime

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

7.74
7.18
7.35
7.95
8.28

42,606
3,347
8,360
11,554
7,193

1,107
7,083
3,968
907
637

231
228
308
294
178

35.4
66.8
6.2
21.1
21.0

13.3
8.8
8.4
13.7
8.2

28.7
88.7
42.0
28.9
1.9

68.3
94.5
75.7
67.4
50.2

Fed Funds
Fed Funds
Fed Funds
Fed Funds
Fed Funds

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

8.18
7.07
7.63
8.23
8.84

18,994
1,212
3,187
6,005
5,577

1,173
1,763
2,283
845
1,026

299
231
375
403
268

28.9
13.5
21.1
27.6
28.4

10.6
14.5
21.0
12.6
2.0

25.4
13.6
21.5
32.4
17.1

69.0
85.7
77.5
87.1
48.3

Fed Funds
Fed Funds
Fed Funds
Foreign
Fed Funds

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

8.13
7.56
7.57
8.20
8.72

26,249
2,109
3,207
10,288
6,048

878
788
574
976
1,383

508
793
431
540
617

42.3
45.6
20.0
38.0
34.4

4.3
6.9
8.3
1.7
8.1

39.8
34.7
56.3
56.5
28.5

93.8
79.8
90.3
96.5
96.1

Foreign
Foreign
Foreign
Foreign
Foreign

85.8
66.7
67.1
89.0
62.9

4.7
34.3
5.9
4.2
3.9

6.0
0.5
46.9
0.6
20.9

58.0
68.5
73.7
25.8
79.3

Other
Prime
Foreign
Prime
Other

83.4
74.0
46.9
31.7

29.0
20.7
11.0
9.5

2.9
6.6
20.2
31.4

76.2
84.1
77.6
67.5

Prime
Prime
Foreign
Fed Funds

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

8.84
9.23
7.81
9.16
9.49

3,467
179
253
1,613
291

245
157
212
288
277

WeightedAverage Risk
Rating2

Size and base rate

52
43
49
58
63
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

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

10.36
9.67
8.56
7.82

2,474
10,471
36,737
64,589

3.3
3.3
3.2
2.8

169
95
52
57

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

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

10.12
7.43
7.54
8.19
8.29

21,915
31,455
14,579
28,969
17,354

3.3
2.8
2.4
3.0
3.1

111
5
18
50
159

71.9
35.3
10.8
33.4
54.2

23.9
9.1
19.6
4.2
5.2

1.0
13.6
71.5
42.5
7.1

69.7
54.0
65.9
88.3
88.5

232
8,338
3,262
2,787
455

E.2

For Immediate Release
September 28, 2000

SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 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

8.60
7.44
7.65
8.62
9.77

74,661
6,804
10,723
29,481
13,006

522
992
837
535
343

464
521
575
722

564

45.4
53.2
20.0
40.5
67.7

16.0
12.8
20.0
11.7
18.5

25.5
53.0
45.4
30.8
10.6

76.2
90.0
88.2
82.2
89.1

Prime
Fed Funds
Domestic
Foreign
Prime

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

9.46
8.49
8.44
9.38
10.32

21,209
598
1,480
7,155
4,488

431
293
458
365
259

437
508
484
378
604

54.2
35.7
33.0
53.1
85.1

14.8
30.1
35.4
12.2
32.7

3.3
7.1
15.6
4.8
1.5

58.4
97.1
96.6
79.6
88.7

Prime
Other
Prime
Prime
Prime

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

7.95
7.16
7.36
8.11
9.25

23,606
3,109
5,002
8,192
2,714

647
7,831
2,655
670
252

410
246
458
413
344

40.3
71.9
10.3
28.1
51.4

22.5
9.5
13.8
17.2
15.2

39.9
89.8
64.8
39.8
4.6

77.9
99.7
85.6
75.3
74.4

Domestic
Fed Funds
Domestic
Domestic
Prime

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

8.49
7.05
7.70
8.52
10.14

10,886
1,073
2,286
4,344
2,275

738
1,676
1,887
647
462

506
245
475
555
602

39.5
10.9
29.0
36.2
67.7

18.5
16.3
29.2
17.4
5.0

20.1
10.9
20.3
34.6
4.8

91.1
83.9
91.7
94.9
98.2

Foreign
Fed Funds
Fed Funds
Foreign
Foreign

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

8.38
7.62
7.68
8.39
9.17

15,713
1,835
1,768
7,759
3,089

601
708
341
787
1,004

774
857
655
665
1,132

38.1
50.5
22.6
32.5
54.8

5.5
7.9
11.9
1.6
10.9

42.3
35.8
52.1
51.0
34.0

91.6
76.8
86.5
95.7
96.5

Foreign
Foreign
Foreign
Foreign
Foreign

81.1
66.7
44.7
89.0
68.3

6.7
34.3
9.9
4.2
4.4

2.9
0.5
10.9
0.6
10.8

40.6
68.5
55.8
25.8
76.6

Prime
Prime
Other
Prime
Other

83.8
77.1
50.1
32.4

29.3
21.6
14.4
14.8

2.8
5.0
16.7
37.4

76.1
83.5
76.0
74.5

Prime
Prime
Prime
Foreign

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

9.18
9.23
8.50
9.16
9.84

2,454
179
151
1,613
258

175
157
127
288
248

WeightedAverage Risk
Rating2

Size and base rate

56
43
64
58
60
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

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

10.38
9.82
8.94
7.98

2,433
9,300
24,429
38,499

3.2
3.2
3.2
2.6

171
101
54
64

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

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

10.14
7.31
7.45
8.46
8.51

20,303
11,292
11,206
19,638
12,223

3.3
2.2
2.4
3.0
3.0

116
6
21
43
137

72.8
50.5
14.0
37.3
37.1

20.6
25.4
25.5
5.8
7.3

1.0
26.1
63.1
38.7
10.1

68.0
57.9
84.7
84.1
85.9

219
7,242
2,739
2,435
334

E.2

For Immediate Release
September 28, 2000

SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 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

8.43
7.30
7.44
8.43
9.67

64,598
6,388
8,885
25,873
10,215

945
5,396
2,580
1,010
443

450
501
566
731

559

41.3
51.5
12.0
37.1
60.6

12.5
12.9
13.2
9.0
8.6

28.6
56.5
54.0
33.9
11.8

76.0
92.6
88.6
85.2
88.5

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

9.28
8.51
8.44
9.09
10.04

16,190
505
731
5,251
2,841

775
2,120
818
619
337

447
463
527
374
660

51.0
35.2
30.7
56.6
79.3

5.7
28.7
3.3
8.7
10.5

2.5
8.3
25.9
2.7
1.3

52.9
100.0
99.6
90.1
86.9

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

7.89
7.16
7.28
8.03
9.14

22,694
3,105
4,681
7,882
2,525

736
8,387
3,803
817
283

399
245
432
411
317

39.2
71.9
8.3
25.9
48.1

22.6
9.5
14.5
16.5
15.2

41.5
89.9
69.2
41.3
4.9

77.6
99.8
85.7
74.7
74.1

Domestic
Fed Funds
Domestic
Domestic
Prime

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

8.36
7.00
7.39
8.30
10.45

9,258
1,036
1,859
3,754
1,892

1,115
8,626
2,853
1,000
585

519
247
429
553
674

31.5
7.7
13.5
27.7
61.9

11.9
16.9
15.5
7.3
4.4

22.5
11.3
24.9
39.0
2.1

90.4
83.3
91.4
94.9
98.6

Foreign
Fed Funds
Fed Funds
Foreign
Foreign

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

8.27
7.34
7.45
8.31
9.21

13,928
1,665
1,484
7,323
2,586

3,020
5,969
3,104
3,514
1,948

802
928
695
676
1,133

33.6
46.9
11.3
29.4
48.8

2.8
8.4
9.7
0.9
1.2

46.8
39.5
60.1
53.4
38.3

94.4
82.5
90.2
98.8
96.2

Foreign
Foreign
Foreign
Foreign
Foreign

75.7
11.2
20.4
86.8
60.7

4.7
87.1
4.5
0.8
4.9

2.2
1.2
10.3
0.6
7.9

38.0
97.6
68.9
18.3
86.4

Prime
Domestic
Other
Prime
Other

84.1
72.0
46.5
32.0

33.2
17.7
7.9
13.4

3.1
5.2
19.8
38.0

85.9
86.0
76.5
73.8

Prime
Prime
Foreign
Foreign

Foreign
Fed Funds
Domestic
Foreign
Prime
Prime
Other
Prime
Prime
Prime

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

9.00
8.23
8.03
9.10
9.83

1,758
67
95
1,249
195

1,111
502
966
1,991
476

WeightedAverage Risk
Rating2

Size and base rate

52
30
60
54
55
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

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

10.21
9.74
8.76
7.97

1,209
6,259
19,893
37,238

3.5
3.3
3.1
2.6

43
50
52
64

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

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

10.00
7.23
7.42
8.47
8.41

14,604
10,346
10,988
18,253
10,407

3.3
2.2
2.4
3.0
3.0

132
5
16
38
95

71.0
50.0
12.4
35.6
31.6

13.1
19.0
25.9
5.4
3.4

0.9
28.4
64.3
40.1
9.8

67.3
54.2
85.1
82.9
88.3

289
9,554
8,988
2,761
1,165

E.2

For Immediate Release
September 28, 2000

SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 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

9.69
9.63
8.68
9.98
10.14

10,063
416
1,838
3,608
2,791

135
73
196
122
188

678
626
657
676

599

71.9
79.8
58.9
65.0
93.5

38.6
11.1
52.7
31.3
55.1

5.6
0.1
4.2
8.1
6.2

77.0
50.0
86.0
60.6
91.6

Prime
Prime
Fed Funds
Prime
Prime

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

10.03
8.43
8.43
10.19
10.79

5,020
94
748
1,904
1,648

178
52
320
171
185

393
800
430
391
398

64.5
38.5
35.3
43.4
95.1

44.2
38.2
66.8
21.7
71.0

5.7
0.3
5.5
10.8
1.9

76.1
81.2
93.6
50.5
92.0

Prime
Prime
Fed Funds
Prime
Prime

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

9.58
9.46
8.45
10.04
10.75

912
4
321
310
190

161
156
492
120
102

660
700
836
475
682

68.8
44.3
39.4
83.0
95.2

19.6
33.4
3.8
35.9
15.8

0.2
---1.0

86.4
81.9
85.2
90.3
78.2

Prime
Prime
Prime
Prime
Prime

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

9.17
8.60
9.09
9.88
8.64

1,628
36
427
590
383

252
70
763
199
226

409
190
666
602
263

84.7
100.0
96.5
90.6
96.7

55.5
0.9
89.0
81.8
7.8

6.7
--6.5
18.0

95.3
100.0
92.8
95.5
96.0

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

9.26
10.39
8.87
9.65
8.96

1,785
170
284
436
503

83
73
60
56
287

551
154
419
487
1,128

73.4
85.9
81.2
85.6
85.4

26.7
3.2
23.1
14.6
60.7

7.7
-10.7
10.9
11.7

69.7
20.6
67.1
44.0
97.9

Other
Prime
Other
Prime
Other

94.7
99.9
86.2
96.5
92.0

11.7
2.7
19.0
15.5
2.9

4.9
-11.8
0.5
19.8

47.1
51.2
33.4
51.7
46.6

Other
Prime
Prime
Other
Other

83.5
87.5
66.2
43.2

25.4
29.6
43.0
56.9

2.5
4.7
3.1
20.0

66.4
78.3
73.5
97.0

Prime
Prime
Prime
Fed Funds

Foreign
Other
Fed Funds
Prime
Foreign

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

9.62
9.83
9.31
9.35
9.86

697
112
56
364
63

56
111
51
73
100

WeightedAverage Risk
Rating2

Size and base rate

66
51
71
73
75
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

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

10.55
10.00
9.70
8.03

1,225
3,042
4,536
1,261

3.0
3.0
3.4
2.3

293
204
62
70

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

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

10.50
8.20
9.07
8.26
9.08

5,699
945
218
1,385
1,816

3.3
2.2
2.4
3.4
3.0

76
23
268
115
372

77.6
56.1
94.6
59.8
68.6

39.9
95.4
5.6
10.3
30.1

1.2
0.7
1.7
20.3
11.4

70.0
98.8
64.7
99.7
71.9

135
1,985
76
952
66

E.2

For Immediate Release
September 28, 2000

SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 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

7.69
7.27
7.37
7.59
7.98

39,610
650
5,858
7,642
11,065

4,838
3,143
6,844
4,122
4,000

182
131
74
96

100

34.4
12.5
6.0
22.1
6.4

2.8
-1.1
2.9
3.0

23.8
45.6
26.1
31.3
14.2

65.4
73.0
67.4
69.4
45.8

Fed Funds
Foreign
Fed Funds
Fed Funds
Fed Funds

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

9.83
--9.88
10.34

439
--88
292

600
--323
694

567
--721
624

53.0
--88.7
52.3

0.4
--0.4
--

13.7
---3.1

66.7
--99.6
50.5

Prime
--Prime
Prime

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

7.49
7.44
7.33
7.57
7.70

19,000
238
3,358
3,362
4,479

9,461
3,150
15,075
6,725
8,427

38
2
95
2
85

29.2
--4.3
2.6

1.9
-0.2
5.1
3.9

14.8
73.8
8.1
2.6
0.3

56.3
26.2
60.9
48.0
35.6

Fed Funds
Fed Funds
Fed Funds
Fed Funds
Fed Funds

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

7.76
-7.45
7.48
7.94

8,108
-901
1,662
3,302

5,617
-4,892
4,211
6,515

54
-143
58
49

14.6
-0.9
5.0
1.3

0.0
--0.2
--

32.3
-24.5
26.9
25.6

39.3
-41.5
66.5
14.0

Fed Funds
-Fed Funds
Foreign
Fed Funds

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

7.77
7.14
7.44
7.62
8.24

10,536
274
1,439
2,529
2,959

2,832
3,254
3,535
3,716
2,283

114
365
161
156
87

48.7
12.5
16.9
54.7
13.0

2.4
-3.8
1.8
5.2

36.0
26.9
61.5
73.5
22.9

97.0
100.0
95.0
98.7
95.7

Foreign
Foreign
Foreign
Foreign
Foreign

97.4
-----

------

13.4
-----

100.0
-----

Other
-----

59.6
49.5
40.5
30.7

12.5
13.0
4.3
1.7

7.9
18.8
26.9
22.6

85.1
88.9
80.8
57.1

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

8.03
-----

1,013
-----

11,321
-----

WeightedAverage Risk
Rating2

Size and base rate

43
----WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

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

8.91
8.43
7.80
7.60

41
1,171
12,308
26,090

3.5
3.4
3.2
3.1

27
40
47
46

Prime
Foreign
Fed Funds
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.

9.92
7.49
7.83
7.63
7.76

1,612
20,164
3,373
9,331
5,131

3.6
3.2
2.7
3.1
4.2

16
5
7
65
208

60.8
26.8
0.0
25.1
95.0

64.4
--0.9
--

1.6
6.5
99.7
50.6
0.0

90.9
51.7
3.3
97.0
94.7

954
9,109
8,902
4,009
3,250

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 0.17 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 9.55 percent for all banks, 9.50 percent for large domestic banks, 9.68
percent for small domestic banks, and 9.50 percent for U.S. branches and agencies of foreign banks.