FEDERAL RESERVE statistical release

E.2

For Immediate Release
July 26, 2001

SURVEY OF TERMS OF BUSINESS LENDING, MAY 7-11, 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

6.22
6.01
5.44
6.38
6.82

91,790
5,138
19,963
26,568
18,113

575
535
1,306
490
415

362
300
587
263

378

40.6
39.8
19.9
42.9
44.2

8.7
8.8
12.4
8.9
9.9

29.9
17.3
50.9
32.6
22.9

70.0
71.5
74.3
81.4
74.2

Prime
Prime
Fed Funds
Prime
Prime

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

6.86
6.96
7.12
7.39
8.19

23,505
269
2,016
4,701
3,242

430
282
479
215
157

387
242
647
465
512

60.7
70.7
32.2
48.6
63.9

7.1
22.9
12.3
19.1
12.4

4.0
17.1
19.8
7.3
4.6

65.7
93.9
90.9
94.7
89.9

Prime
Prime
Prime
Prime
Prime

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

5.94
6.31
5.18
6.06
6.35

31,780
2,938
9,048
8,268
7,032

705
558
4,025
726
708

225
227
155
417
131

28.1
47.5
9.8
30.0
42.2

10.2
9.9
7.0
11.9
12.3

43.3
15.5
66.4
44.7
17.0

66.6
63.8
70.8
88.7
50.4

Fed Funds
Prime
Fed Funds
Fed Funds
Fed Funds

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

5.80
5.20
5.09
5.76
6.70

14,172
853
3,485
4,336
3,445

845
1,581
1,109
999
662

192
124
249
234
127

29.3
7.5
21.5
33.0
37.3

6.2
6.0
9.6
4.6
6.1

38.0
33.3
45.8
43.8
27.2

85.0
96.9
80.4
92.7
88.7

Foreign
Foreign
Foreign
Foreign
Foreign

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

5.90
5.24
5.44
5.77
6.47

16,512
888
4,215
5,735
3,882

614
445
1,119
561
890

415
723
385
386
366

29.5
23.3
15.3
38.2
31.5

3.5
5.1
7.6
1.3
2.4

43.5
9.9
50.6
45.4
47.1

82.6
63.3
83.6
87.1
90.3

Foreign
Foreign
Foreign
Foreign
Foreign

85.2
100.0
62.3
87.0
85.0

5.2
0.8
36.7
1.3
7.5

4.8
8.8
8.6
3.4
13.5

29.7
84.8
59.0
18.9
67.5

Prime
Other
Other
Prime
Other

84.3
74.7
39.8
31.5

25.2
17.1
8.8
5.9

3.2
8.3
25.6
38.5

81.8
83.4
76.1
62.9

Prime
Prime
Foreign
Fed Funds

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

7.61
7.23
6.97
7.62
8.30

4,323
190
390
3,284
274

325
224
214
632
120

WeightedAverage Risk
Rating2

Size and base rate

61
60
49
64
52
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

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

8.38
7.59
6.28
5.79

2,840
10,358
28,753
49,840

3.2
3.2
3.0
2.8

147
148
41
120

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

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

7.91
5.20
5.50
5.67
6.19

24,142
19,565
10,396
22,571
15,118

3.0
2.8
2.5
2.8
3.3

238
20
15
36
132

68.8
26.9
8.8
30.1
50.8

15.5
9.5
11.7
2.7
3.5

2.1
25.3
79.6
52.9
12.0

67.9
52.6
65.7
84.9
76.2

224
6,634
3,259
2,224
425

E.2

For Immediate Release
July 26, 2001

SURVEY OF TERMS OF BUSINESS LENDING, MAY 7-11, 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

6.61
6.92
5.63
6.69
7.28

58,759
2,466
13,533
19,535
10,056

387
262
933
374
245

528
444
782
437

568

47.4
74.8
24.8
51.4
60.4

10.2
10.1
16.2
10.2
9.5

23.2
13.1
51.6
26.0
12.3

74.2
92.6
87.1
80.7
83.6

Prime
Prime
Domestic
Prime
Prime

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

7.24
6.92
7.13
7.37
8.01

17,862
252
1,991
4,490
2,698

344
268
486
208
136

489
243
653
466
500

52.1
74.9
32.3
50.2
74.0

9.1
24.4
12.2
19.8
14.1

5.1
18.2
19.3
7.5
5.2

55.9
93.5
90.9
94.4
88.2

Prime
Prime
Prime
Prime
Prime

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

6.30
7.64
5.23
6.40
6.88

17,512
1,248
5,380
5,460
3,350

403
240
2,639
504
354

413
506
259
627
283

40.5
95.8
16.4
43.5
43.7

11.3
7.1
9.2
12.8
8.2

40.7
0.0
77.3
50.3
6.0

91.1
97.5
96.6
94.6
71.7

Prime
Prime
Domestic
Domestic
Fed Funds

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

6.01
5.23
5.31
5.90
6.96

8,389
474
2,052
2,675
1,961

547
1,023
704
695
415

309
212
407
360
202

35.5
13.4
21.9
32.3
62.2

7.4
10.8
11.5
4.4
6.8

22.9
53.4
42.0
21.5
11.7

93.4
94.4
94.9
96.7
89.9

Other
Domestic
Foreign
Other
Other

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

6.23
6.36
5.61
6.01
7.13

9,483
301
2,908
3,385
1,652

378
154
824
350
468

615
500
532
608
717

39.4
68.7
11.7
45.8
64.0

5.2
15.1
9.5
2.1
3.5

36.9
2.3
53.3
38.7
38.1

86.4
73.5
88.0
86.5
94.3

Foreign
Prime
Foreign
Foreign
Foreign

85.2
100.0
62.3
87.0
85.0

5.2
0.8
36.7
1.3
7.5

4.8
8.8
8.6
3.4
13.5

29.7
84.8
59.0
18.9
67.5

Prime
Other
Other
Prime
Other

84.6
77.4
45.1
35.2

25.3
17.4
8.7
7.4

3.0
5.1
18.0
35.0

81.7
82.8
75.2
70.0

Prime
Prime
Prime
Prime

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

7.61
7.23
6.97
7.62
8.30

4,323
190
390
3,284
274

325
224
214
632
120

WeightedAverage Risk
Rating2

Size and base rate

61
60
49
64
52
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

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

8.40
7.73
6.61
6.06

2,787
9,294
18,986
27,691

3.1
3.1
3.0
2.7

149
162
52
204

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

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

7.90
5.18
5.45
5.96
6.35

21,794
6,244
7,166
12,145
11,409

3.0
3.0
2.5
2.8
3.0

259
54
16
33
176

72.7
35.5
12.1
38.0
37.9

12.4
18.8
16.9
3.5
4.4

1.6
34.6
70.4
36.0
15.2

65.6
60.0
95.3
75.4
84.2

207
4,545
2,561
1,526
335

E.2

For Immediate Release
July 26, 2001

SURVEY OF TERMS OF BUSINESS LENDING, MAY 7-11, 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

6.46
6.77
5.48
6.53
7.14

52,177
2,006
12,543
17,519
8,516

655
352
2,018
712
381

471
423
760
422

558

44.1
75.9
22.1
47.3
56.6

9.0
7.2
16.0
8.5
6.9

25.6
14.0
55.3
28.0
13.9

73.4
95.0
88.0
80.6
83.7

Prime
Prime
Domestic
Prime
Prime

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

7.15
5.71
7.15
7.21
7.96

15,112
77
1,563
3,683
1,891

636
297
1,554
342
222

516
325
730
480
531

47.8
62.7
27.8
42.3
72.1

5.8
26.0
10.4
14.6
7.8

5.3
45.3
23.3
7.9
5.3

50.2
96.6
95.3
96.2
89.3

Prime
Foreign
Prime
Prime
Prime

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

6.22
7.64
5.16
6.28
6.82

16,760
1,243
5,233
5,134
3,253

447
255
4,137
601
364

403
507
258
605
275

38.6
95.8
15.3
40.2
42.2

11.1
7.1
8.7
12.7
8.4

42.4
-79.4
53.2
6.1

91.0
97.5
96.6
94.7
70.9

Prime
Prime
Domestic
Domestic
Fed Funds

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

5.96
4.75
5.27
5.83
6.96

7,591
379
1,973
2,536
1,723

745
2,552
794
1,099
698

317
99
402
369
204

34.1
5.5
22.0
30.1
59.6

6.7
6.3
11.8
4.4
3.5

24.9
58.9
43.6
22.7
13.3

93.3
93.7
95.2
96.7
90.0

Other
Domestic
Foreign
Other
Other

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

5.93
5.67
5.49
5.77
6.96

8,287
192
2,789
3,127
1,420

2,031
1,016
2,895
2,049
1,588

661
667
532
625
775

36.2
77.5
9.2
43.3
61.7

4.2
5.6
9.7
1.6
1.3

42.1
2.8
55.5
41.8
44.2

88.9
77.9
89.3
87.5
96.9

Foreign
Prime
Foreign
Foreign
Foreign

82.2
100.0
25.8
85.7
71.8

2.9
-48.9
0.2
2.8

1.8
14.7
2.6
0.0
26.8

19.8
99.3
49.2
11.0
86.3

Prime
Other
Fed Funds
Prime
Other

86.2
74.5
43.9
34.8

26.0
15.2
8.2
7.2

1.9
3.8
19.8
35.5

89.0
86.0
73.6
69.5

Prime
Prime
Prime
Prime

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

7.38
6.48
5.45
7.53
7.72

3,279
113
176
2,825
119

1,474
517
439
3,831
230

WeightedAverage Risk
Rating2

Size and base rate

58
35
35
61
51
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

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

8.05
7.56
6.56
6.05

1,463
6,372
17,094
27,246

3.2
3.2
3.0
2.7

49
48
43
204

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

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

7.81
5.15
5.42
5.97
6.12

17,850
6,141
7,069
11,355
9,761

3.0
3.0
2.5
2.8
3.0

283
20
6
33
99

70.7
34.7
11.5
38.1
31.8

9.6
18.9
16.5
3.3
3.0

1.1
34.4
71.3
38.4
16.7

61.1
59.4
95.5
73.7
88.5

291
6,656
5,143
1,731
1,037

E.2

For Immediate Release
July 26, 2001

SURVEY OF TERMS OF BUSINESS LENDING, MAY 7-11, 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

7.82
7.56
7.49
8.16
8.06

6,582
460
990
2,016
1,540

91
125
119
73
83

775
710
986
518

652

74.0
70.1
59.1
87.5
81.7

19.6
22.9
18.2
24.4
23.8

5.0
9.3
5.6
8.7
3.4

80.8
82.1
75.6
81.3
82.8

Prime
Prime
Prime
Prime
Prime

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

7.73
7.44
7.06
8.10
8.13

2,750
175
429
806
807

98
257
139
75
71

329
212
313
396
430

75.9
80.3
48.6
86.5
78.6

27.1
23.7
18.7
43.1
28.6

4.2
6.4
4.7
5.5
5.0

86.9
92.2
75.1
86.3
85.8

Prime
Prime
Prime
Prime
Prime

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

8.12
7.30
7.68
8.17
8.88

752
5
148
327
98

125
16
191
143
188

638
306
272
1,003
532

84.2
100.0
54.2
94.5
95.0

17.6
13.4
24.4
15.3
1.9

3.1
2.1
1.5
5.2
3.6

92.0
89.7
97.0
92.3
98.1

Prime
Other
Prime
Prime
Prime

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

6.53
7.16
6.09
7.15
6.95

799
95
79
138
238

156
301
184
90
105

238
663
521
202
191

48.9
45.4
19.5
71.9
81.0

14.1
28.7
1.7
5.3
31.2

4.0
31.7
1.4
0.4
0.3

94.7
97.2
86.5
97.6
89.4

Foreign
Prime
Other
Prime
Other

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

8.29
7.57
8.37
8.82
8.20

1,196
109
119
258
232

57
62
46
32
88

295
217
533
393
334

61.3
53.0
68.8
76.1
77.8

11.6
32.0
4.1
8.0
17.0

0.6
1.4
2.9
0.2
0.9

69.2
65.7
58.6
75.4
78.4

Other
Other
Prime
Other
Other

94.9
100.0
92.5
95.3
95.1

12.5
1.9
26.6
8.3
11.0

14.2
-13.5
24.4
3.4

61.0
63.4
67.1
67.5
53.2

Other
Prime
Other
Other
Other

82.8
83.9
56.4
57.8

24.4
22.2
13.0
16.4

4.2
7.8
2.4
--

73.7
75.6
89.3
100.0

Prime
Prime
Prime
Prime

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

8.31
8.35
8.23
8.19
8.74

1,043
76
214
459
155

94
122
150
103
88

WeightedAverage Risk
Rating2

Size and base rate

70
96
60
80
54
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

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

8.80
8.11
7.05
6.36

1,324
2,922
1,892
444

3.1
3.0
2.7
3.4

257
409
135
209

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

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

8.28
7.16
8.16
5.82
7.72

3,944
103
97
790
1,648

3.0
3.0
1.9
3.2
3.0

147
1,782
726
29
620

81.8
81.2
57.2
36.6
73.9

24.7
13.2
46.9
5.2
13.1

4.2
46.6
1.6
1.9
5.9

86.0
97.1
81.5
98.9
58.6

89
228
68
566
67

E.2

For Immediate Release
July 26, 2001

SURVEY OF TERMS OF BUSINESS LENDING, MAY 7-11, 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

5.53
5.17
5.03
5.53
6.23

33,031
2,672
6,431
7,032
8,057

4,226
13,100
8,261
3,604
3,029

202
19
29
43

41

28.5
7.6
9.5
19.1
23.9

5.9
7.5
4.6
5.3
10.5

41.8
21.2
49.5
50.8
36.1

62.3
52.1
47.4
83.6
62.5

Fed Funds
Fed Funds
Fed Funds
Foreign
Fed Funds

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

5.67
-6.31
7.80
9.07

5,643
-24
212
544

2,050
-227
639
741

41
-94
200
748

87.8
-24.7
13.5
13.6

1.1
-15.7
4.3
4.5

0.5
-62.4
2.9
1.5

96.6
-90.9
99.3
98.4

Fed Funds
-Foreign
Prime
Prime

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

5.49
5.32
5.11
5.42
5.86

14,268
1,690
3,667
2,808
3,681

9,175
23,676
17,543
5,052
7,764

2
1
2
1
2

12.8
11.9
-3.7
40.8

8.8
11.9
3.9
10.0
16.1

46.5
27.0
50.5
33.8
27.0

36.5
38.9
32.9
77.3
31.1

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

5.48
5.17
4.78
5.54
6.36

5,782
379
1,433
1,661
1,484

4,007
4,955
6,291
3,394
3,119

23
15
28
19
32

20.3
-20.8
34.1
4.5

4.5
-7.1
5.0
5.0

60.0
8.1
51.3
79.7
47.7

72.8
100.0
59.6
86.3
87.0

Foreign
Foreign
Foreign
Foreign
Foreign

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

5.46
-5.06
5.44
5.98

7,029
-1,306
2,351
2,230

3,894
-5,570
4,166
2,678

137
-58
65
84

16.2
-23.5
27.3
7.4

1.2
-3.5
0.0
1.6

52.4
-44.4
55.1
53.7

77.4
-73.9
87.9
87.4

Foreign
-Foreign
Foreign
Foreign

------

------

------

------

------

7
20
20
17

67.8
51.1
29.5
26.8

22.0
14.4
8.9
4.1

14.8
36.4
40.2
42.9

88.0
89.1
77.9
54.1

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+

7.17
6.35
5.63
5.45

52
1,063
9,766
22,149

3.7
3.6
3.1
2.8

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.

8.02
5.20
5.59
5.33
5.67

2,347
13,320
3,230
10,426
3,708

3.4
2.7
2.0
2.8
4.8

18
7
13
39
2

33.1
22.8
1.3
20.9
90.7

44.5
5.1
-1.8
0.7

6.6
20.9
100.0
72.6
2.2

89.6
49.1
0.1
96.0
51.8

1,088
8,455
8,226
4,755
2,474

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 7.55 percent for all banks, 7.54 percent for large domestic banks, 7.63
percent for small domestic banks, and 7.50 percent for U.S. branches and agencies of foreign banks.