FEDERAL RESERVE statistical release

E.2

For Immediate Release
March 22, 2001

SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 5-9, 2001
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

7.19
6.23
6.54
7.28
7.97

102,426
7,961
18,663
30,661
19,725

652
1,628
1,061
551
444

341
289
350
460
283

39.9
28.7
23.0
37.0
42.7

9.8
8.5
18.4
9.6
5.9

30.9
66.5
44.8
34.8
22.1

75.4
84.3
75.4
88.4
74.3

Foreign
Fed Funds
Foreign
Foreign
Foreign

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

7.87
6.92
7.45
8.34
9.48

23,771
330
1,817
5,372
2,776

398
224
414
236
136

329
822
427
460
467

62.8
22.3
58.6
51.2
73.7

9.8
12.8
36.7
15.4
12.4

4.3
69.2
10.8
9.9
2.6

67.6
95.8
90.0
93.1
95.4

Prime
Other
Prime
Prime
Prime

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

6.88
6.12
6.37
6.96
7.42

31,747
4,629
5,633
9,812
5,881

863
10,347
2,887
831
596

270
293
271
377
146

29.7
38.2
7.1
25.8
45.5

8.8
4.1
6.5
13.2
4.8

43.0
70.1
59.3
37.3
18.6

69.5
85.0
69.7
79.9
50.6

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

6.94
6.18
6.40
6.92
7.76

30,576
2,261
7,093
11,384
7,707

1,452
4,632
1,650
1,683
988

301
231
341
384
201

23.5
9.5
12.6
32.0
27.5

5.6
5.3
12.3
3.1
2.1

44.0
72.8
56.5
46.1
27.0

87.0
95.3
86.4
95.4
79.2

Foreign
Foreign
Foreign
Foreign
Foreign

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

7.22
6.63
6.48
7.38
7.94

9,465
673
2,416
2,633
2,692

425
369
551
356
874

480
129
312
719
495

35.3
26.9
19.3
52.3
36.2

8.0
44.1
12.2
1.5
3.9

33.1
26.4
24.8
43.5
38.1

80.5
39.1
77.0
92.8
90.1

Foreign
Domestic
Foreign
Foreign
Foreign

71.2
57.3
61.8
75.2
83.9

14.0
33.9
17.4
15.2
8.0

8.5
2.0
1.7
8.3
25.0

66.9
61.8
87.5
58.6
61.2

Other
Other
Foreign
Prime
Other

83.7
70.2
38.0
33.6

27.8
17.7
7.4
8.9

3.0
8.8
28.3
37.5

77.7
83.8
79.1
71.9

Prime
Prime
Foreign
Foreign

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

8.48
8.13
8.30
8.32
9.53

2,391
61
564
1,190
319

178
94
233
220
155

WeightedAverage Risk
Rating2

Size and base rate

44
58
42
43
54
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

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

9.45
8.63
7.50
6.66

2,760
10,194
31,000
58,472

3.3
3.2
3.0
2.7

178
93
53
28

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

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

9.20
6.34
6.55
6.95
7.00

18,266
21,400
12,320
30,156
20,284

3.3
2.7
2.3
2.8
3.1

59
8
19
47
92

70.2
33.9
12.6
28.0
53.2

19.4
9.4
19.8
3.6
4.9

1.2
21.6
72.4
49.8
14.3

73.2
56.8
67.1
87.0
85.0

179
6,971
3,033
2,837
543

E.2

For Immediate Release
March 22, 2001

SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 5-9, 2001
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

7.50
6.27
6.64
7.46
8.64

65,881
5,183
13,811
23,932
9,851

441
1,132
822
446
238

434
467
580
532

506

42.7
43.9
30.7
39.9
66.2

13.2
13.1
23.6
10.8
9.2

27.3
78.6
41.0
29.0
12.8

77.4
88.5
81.1
89.3
86.7

Foreign
Fed Funds
Foreign
Other
Prime

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

8.43
6.91
7.42
8.33
9.47

17,661
327
1,777
5,212
2,547

304
224
410
233
128

429
789
426
464
449

52.5
22.0
59.1
51.6
77.4

12.3
12.9
37.5
15.8
13.6

5.6
69.8
11.0
9.6
2.8

56.7
95.8
89.9
93.6
95.0

Prime
Other
Prime
Prime
Prime

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

7.05
6.12
6.40
7.01
8.26

19,806
3,223
3,399
8,068
2,398

560
10,303
1,952
706
254

437
420
437
452
374

36.8
54.9
11.6
30.1
59.0

12.4
5.9
7.5
13.5
10.5

46.5
93.0
74.7
42.6
8.9

87.2
95.1
98.5
81.8
71.8

Domestic
Fed Funds
Domestic
Domestic
Prime

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

7.09
6.12
6.54
7.16
8.25

17,983
1,075
4,948
7,345
3,192

976
3,039
1,266
1,238
475

494
453
464
585
449

30.1
19.8
17.5
30.8
56.0

8.1
11.0
16.2
3.4
3.3

34.9
74.9
48.4
34.1
17.6

93.0
97.9
84.9
98.8
93.5

Foreign
Foreign
Foreign
Foreign
Other

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

7.32
6.95
6.51
7.59
8.38

6,415
490
1,983
1,906
1,200

303
273
466
269
493

646
145
360
962
896

47.2
37.0
22.9
61.4
74.6

11.7
60.6
14.8
1.7
8.7

17.5
8.2
16.0
22.9
27.0

76.8
23.2
77.1
90.8
88.6

Foreign
Domestic
Foreign
Foreign
Foreign

70.8
57.3
61.8
74.5
83.9

14.2
33.9
17.4
15.6
8.0

7.1
2.0
1.7
5.5
25.0

66.5
61.8
87.5
57.3
61.2

Other
Other
Foreign
Prime
Other

84.0
73.5
42.4
31.2

27.8
17.6
8.2
13.9

2.8
5.5
21.4
38.9

77.5
83.4
77.0
76.1

Prime
Prime
Foreign
Foreign

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

8.47
8.13
8.30
8.29
9.53

2,357
61
564
1,155
319

175
94
233
214
155

WeightedAverage Risk
Rating2

Size and base rate

45
58
42
43
54
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

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

9.45
8.76
7.78
6.82

2,718
9,049
20,863
33,251

3.2
3.2
2.9
2.5

180
101
66
39

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
6.26
6.48
7.10
7.39

16,537
8,282
9,605
17,751
13,706

3.3
2.3
2.3
2.7
3.0

62
12
23
56
124

72.1
42.6
15.8
36.7
34.0

15.5
23.6
25.4
4.8
6.5

1.3
33.3
64.9
34.1
19.8

71.1
57.2
85.3
81.2
86.8

166
5,547
2,587
2,168
377

E.2

For Immediate Release
March 22, 2001

SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 5-9, 2001
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

7.36
6.12
6.46
7.31
8.55

59,378
4,886
12,482
21,872
8,613

776
4,752
1,897
783
355

437
448
572
520

496

39.3
41.6
26.8
36.6
64.2

12.4
12.4
25.2
9.8
7.4

29.4
83.1
45.0
30.5
12.3

77.6
91.2
82.1
90.7
88.1

Foreign
Fed Funds
Foreign
Other
Prime

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

8.34
6.42
7.23
8.12
9.43

14,689
251
1,251
4,177
1,952

578
956
1,115
352
215

432
906
387
472
473

48.3
10.5
62.9
45.9
78.0

8.4
6.2
48.6
10.9
7.9

5.8
86.4
13.4
10.4
2.1

50.9
98.5
99.1
95.4
97.1

Prime
Other
Foreign
Prime
Prime

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

6.99
6.11
6.36
6.93
8.21

19,252
3,222
3,336
7,773
2,296

631
10,685
2,917
854
282

435
420
432
451
372

35.6
54.9
11.1
28.0
57.3

12.5
5.9
7.6
13.7
10.9

47.8
93.1
76.1
44.1
9.2

87.6
95.1
98.6
82.5
71.1

Domestic
Fed Funds
Domestic
Domestic
Prime

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

7.06
6.10
6.53
7.15
8.23

17,184
1,054
4,850
7,144
2,996

1,280
5,574
1,565
1,666
585

508
458
470
599
446

28.8
18.6
16.9
30.5
53.8

7.9
11.2
16.3
3.3
3.0

35.7
76.4
49.3
33.9
17.0

93.5
99.1
85.2
98.9
94.8

Foreign
Foreign
Foreign
Foreign
Other

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

6.93
5.81
6.08
7.26
8.36

5,152
318
1,677
1,631
1,021

1,761
1,790
2,126
1,854
1,368

660
120
371
934
1,006

41.9
8.3
13.8
60.1
76.4

12.1
80.1
17.2
1.3
5.6

18.7
12.3
18.6
21.0
26.3

79.4
20.1
79.2
95.4
90.4

Foreign
Domestic
Foreign
Foreign
Foreign

56.8
22.0
9.0
70.8
75.6

17.4
60.5
30.0
17.3
3.9

5.2
3.6
1.1
4.8
14.2

73.8
84.6
99.2
62.7
89.6

Other
Domestic
Other
Prime
Other

83.4
69.4
39.8
31.2

29.4
16.1
7.4
13.8

1.9
4.2
22.8
39.2

87.2
86.5
76.7
75.9

Prime
Prime
Foreign
Foreign

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

8.07
7.13
7.49
8.01
9.64

1,466
33
232
910
154

741
394
703
1,130
388

WeightedAverage Risk
Rating2

Size and base rate

40
72
44
39
42
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

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

9.16
8.64
7.73
6.81

1,381
6,454
18,795
32,748

3.4
3.3
3.0
2.5

38
58
52
39

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

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

9.20
6.25
6.46
7.05
7.19

13,319
8,256
9,462
16,593
11,748

3.4
2.3
2.3
2.7
3.0

53
10
17
43
84

69.9
42.4
14.6
35.4
27.7

12.9
23.6
25.6
5.0
3.7

0.5
33.4
65.8
34.9
22.1

69.8
57.1
85.6
80.4
90.4

236
7,299
4,942
2,431
1,152

E.2

For Immediate Release
March 22, 2001

SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 5-9, 2001
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

8.79
8.81
8.33
9.05
9.27

6,503
297
1,330
2,060
1,237

89
84
130
80
72

368
643
668
607

593

74.0
82.8
66.8
74.2
79.9

20.3
24.0
8.2
22.1
22.2

8.4
4.2
3.4
12.9
16.0

75.9
44.7
71.9
74.5
77.2

Prime
Prime
Other
Prime
Prime

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

8.91
8.52
7.87
9.16
9.62

2,972
76
527
1,034
595

91
63
164
98
55

409
371
533
433
370

73.3
60.1
50.1
74.7
75.3

31.5
35.1
11.0
35.7
32.2

4.6
15.0
5.3
6.3
5.1

85.1
86.8
68.2
86.3
87.9

Prime
Prime
Prime
Prime
Prime

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

9.06
-8.54
8.99
9.37

554
-62
295
102

114
-104
126
78

501
-686
456
421

81.0
-36.9
87.1
95.5

7.9
-3.3
9.1
2.4

3.6
-1.2
2.3
1.4

75.5
-92.8
63.4
87.6

Prime
-Other
Prime
Prime

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

7.65
-7.18
7.54
8.68

799
-98
200
196

160
-122
122
123

190
-147
111
494

57.2
-47.2
42.5
90.2

13.7
-10.7
8.0
7.2

17.3
-4.4
40.2
26.7

81.2
-69.9
92.1
74.0

Foreign
-Other
Foreign
Foreign

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

8.87
9.04
8.89
9.54
8.50

1,262
172
306
275
179

69
106
88
44
106

590
191
303
1,127
254

69.2
90.0
72.6
69.2
64.2

10.2
24.6
1.6
3.7
26.4

12.7
0.6
1.8
34.1
31.0

66.1
29.0
66.2
63.4
78.2

Other
Prime
Other
Other
Other

93.7
100.0
98.8
88.3
91.7

8.9
1.5
8.6
9.5
11.7

10.3
-2.1
8.1
35.2

54.4
34.1
79.2
37.4
34.6

Other
Other
Foreign
Other
Other

84.6
83.7
65.9
29.0

26.2
21.4
15.7
17.9

3.8
8.8
9.1
16.0

67.4
75.6
79.9
83.9

Prime
Prime
Prime
Foreign

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

9.12
9.34
8.86
9.34
9.43

890
27
331
245
165

78
49
158
53
99

WeightedAverage Risk
Rating2

Size and base rate

51
51
40
58
66
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

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

9.76
9.03
8.29
7.01

1,337
2,595
2,068
503

3.1
3.0
2.7
2.5

322
207
189
34

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

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

9.36
8.47
8.24
7.72
8.54

3,217
26
143
1,158
1,958

3.0
3.7
2.3
2.9
2.7

95
633
434
247
360

81.1
82.6
93.3
55.4
71.8

26.1
17.0
9.5
1.3
22.8

4.8
29.2
5.1
22.3
6.1

76.4
94.1
68.7
93.1
65.2

74
73
79
849
75

E.2

For Immediate Release
March 22, 2001

SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 5-9, 2001
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

6.63
6.16
6.24
6.66
7.31

36,544
2,778
4,852
6,729
9,874

4,748
8,990
6,148
3,494
3,273

23
42
31
46

33

34.8
0.2
1.3
26.7
19.2

3.8
-3.9
5.1
2.5

37.5
44.1
55.5
55.6
31.5

71.9
76.4
59.2
85.3
62.0

Fed Funds
Foreign
Foreign
Foreign
Foreign

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

6.23
-8.71
8.82
9.60

6,109
-40
161
228

3,626
-673
398
428

45
-572
155
924

92.4
-36.6
37.5
32.6

2.5
-5.0
0.9
--

0.6
-1.5
22.5
--

99.1
-94.9
76.6
99.4

Other
-Prime
Prime
Prime

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

6.59
6.14
6.33
6.74
6.84

11,941
1,406
2,234
1,744
3,484

8,455
10,447
10,672
4,605
8,190

3
1
10
2
2

17.9
-0.3
5.6
36.2

3.0
-5.0
11.8
0.9

37.0
17.5
35.9
12.8
25.3

40.1
61.9
25.9
70.8
36.0

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

6.73
6.22
6.09
6.48
7.40

12,594
1,187
2,145
4,039
4,515

4,776
8,817
5,492
4,862
4,155

32
30
60
22
30

14.1
0.3
1.3
34.1
7.4

1.9
-3.5
2.6
1.3

57.1
70.9
75.0
67.9
33.7

78.4
92.9
89.7
89.4
69.2

Foreign
Foreign
Foreign
Foreign
Foreign

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

7.03
-6.34
6.83
7.59

3,050
-433
727
1,492

2,664
-3,341
2,445
2,320

119
-90
82
153

10.2
-2.9
28.3
5.4

0.2
--1.0
--

65.9
-65.0
97.4
47.1

88.3
-76.3
98.0
91.3

Foreign
-Foreign
Foreign
Foreign

------

------

------

------

------

16
23
25
13

63.6
44.0
28.8
36.7

29.0
17.9
5.8
2.3

12.1
34.7
42.4
35.6

94.1
87.4
83.5
66.4

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+

8.99
7.65
6.91
6.46

41
1,145
10,137
25,221

3.7
3.4
3.2
3.0

Prime
Prime
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.

8.96
6.39
6.79
6.75
6.20

1,729
13,118
2,715
12,405
6,577

3.4
3.1
2.2
2.9
4.6

20
6
5
35
4

51.8
28.4
1.5
15.5
93.3

57.2
0.4
-1.9
1.6

0.4
14.2
99.2
72.2
2.7

93.5
56.5
2.6
95.2
81.3

734
8,320
7,781
5,079
6,767

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 0.13 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 8.52 percent for all banks, 8.50 percent for large domestic banks, 8.61
percent for small domestic banks, and 8.50 percent for U.S. branches and agencies of foreign banks.