FEDERAL RESERVE statistical release

E.2

For Immediate Release
October 5, 2001

SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 6-10, 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

5.61
4.50
4.81
5.57
6.16

103,101
3,747
25,632
29,296
22,335

692
531
1,689
540
474

399
138
400
578
336

36.1
17.1
21.2
40.8
44.9

10.0
14.0
10.9
8.3
6.0

36.4
31.6
46.4
37.0
38.3

73.7
50.5
85.7
83.5
80.4

Foreign
Foreign
Foreign
Foreign
Foreign

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

6.01
5.99
4.96
6.09
7.39

24,536
323
3,279
7,006
3,139

449
174
647
332
149

434
321
503
663
553

55.0
52.5
34.9
44.4
74.5

6.9
6.6
4.6
14.2
16.3

22.5
16.9
73.7
38.0
12.4

59.9
94.2
95.5
94.4
91.5

Prime
Prime
Domestic
Prime
Prime

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

5.15
4.02
4.50
5.13
5.87

28,828
1,557
6,423
9,597
6,629

710
1,651
3,823
726
533

243
32
259
322
178

28.1
3.0
13.4
29.8
50.5

6.8
5.3
10.3
4.4
5.3

40.1
34.4
47.7
37.4
28.9

65.3
40.6
69.2
75.2
66.8

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

5.84
4.34
5.16
5.48
5.91

21,778
915
7,064
5,210
4,031

1,279
1,526
2,389
907
598

391
71
458
473
417

27.5
8.3
18.6
43.0
46.1

19.8
11.2
13.3
10.7
6.2

35.8
35.1
37.6
38.6
29.6

90.5
59.7
96.4
87.4
88.1

Foreign
Foreign
Foreign
Foreign
Foreign

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

5.42
4.83
4.73
5.31
5.94

24,189
915
7,921
5,514
8,053

1,010
299
1,921
654
2,260

404
229
403
612
264

26.9
34.4
15.7
40.6
25.5

3.3
33.4
3.0
2.0
1.1

51.6
28.7
47.1
45.9
61.8

87.1
43.3
94.1
93.9
83.6

Foreign
Foreign
Foreign
Foreign
Foreign

79.9
92.7
69.9
80.7
86.5

10.3
18.5
5.3
9.8
14.9

7.0
36.0
22.5
2.4
20.3

48.1
25.1
57.2
40.9
75.6

Prime
Other
Other
Prime
Other

84.7
72.8
37.9
26.9

26.2
17.3
7.2
9.6

3.6
10.5
36.5
42.1

81.6
83.3
72.4
72.5

Prime
Prime
Foreign
Foreign

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

7.02
7.47
6.64
6.86
7.89

2,461
29
153
1,778
383

236
53
120
383
159

WeightedAverage Risk
Rating2

Size and base rate

60
103
48
59
72
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

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

7.73
6.89
5.62
5.30

2,566
9,816
31,731
58,988

3.3
3.3
3.1
2.8

151
109
47
50

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

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

7.50
4.55
4.76
5.33
5.42

22,260
18,553
11,791
35,768
14,729

3.2
2.9
2.7
2.9
3.1

108
18
10
39
112

60.1
31.1
14.1
27.3
45.2

29.2
5.9
12.8
1.5
4.5

3.2
29.1
80.5
52.0
22.5

75.4
46.7
64.8
88.8
75.6

219
6,139
3,505
3,096
502

E.2

For Immediate Release
October 5, 2001

SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 6-10, 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

5.68
4.99
4.79
5.73
6.64

65,900
1,894
19,269
22,155
11,666

464
273
1,341
424
263

266
470
747
602

578

43.2
33.8
27.8
47.1
64.1

10.0
27.8
11.1
9.5
10.5

29.5
28.1
45.1
33.6
23.5

79.8
63.6
91.5
86.6
91.4

Foreign
Foreign
Foreign
Prime
Prime

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

6.18
5.91
4.95
6.04
7.36

20,479
308
3,257
6,711
2,999

385
166
647
323
146

510
321
503
664
548

47.8
55.1
35.1
45.1
76.2

8.3
7.0
4.6
14.8
16.9

26.9
17.7
74.2
39.5
13.0

63.0
93.9
95.5
94.1
91.3

Prime
Prime
Domestic
Prime
Prime

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

5.63
5.57
4.73
5.47
6.48

14,907
107
3,239
5,985
3,380

380
120
2,130
468
283

487
459
531
524
362

46.7
43.5
26.6
47.8
65.2

13.2
78.0
20.4
7.1
10.5

35.2
4.3
60.8
42.4
21.0

88.7
93.9
95.1
85.2
84.0

Prime
Domestic
Domestic
Prime
Prime

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

5.19
4.39
4.75
5.28
6.48

13,691
638
6,113
4,009
2,356

887
1,141
2,207
776
378

514
90
477
565
683

34.2
11.8
21.5
42.4
63.4

6.2
16.1
4.8
5.5
6.1

33.6
42.0
39.4
33.8
23.9

92.6
75.5
96.1
87.2
97.6

Foreign
Foreign
Foreign
Foreign
Foreign

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

5.32
4.92
4.81
5.52
5.90

13,263
805
5,716
3,481
2,448

618
265
1,544
447
1,039

602
253
385
933
643

31.1
39.1
20.4
38.2
43.9

5.8
38.0
4.1
3.2
3.3

29.6
24.2
32.5
24.7
41.1

92.5
39.7
95.1
97.0
98.0

Foreign
Domestic
Foreign
Foreign
Foreign

79.9
92.7
69.9
80.7
86.5

10.3
18.5
5.3
9.8
14.9

7.0
36.0
22.5
2.4
20.3

48.1
25.1
57.2
40.9
75.6

Prime
Other
Other
Prime
Other

85.1
75.8
43.7
31.2

26.4
18.1
8.8
7.4

3.4
6.4
26.3
39.5

81.5
83.9
78.1
79.6

Prime
Prime
Foreign
Foreign

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

7.02
7.47
6.64
6.86
7.89

2,461
29
153
1,778
383

236
53
120
383
159

WeightedAverage Risk
Rating2

Size and base rate

60
103
48
59
72
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

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

7.73
6.99
5.84
5.09

2,538
8,819
20,686
33,858

3.3
3.3
3.0
2.6

152
118
62
75

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

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

7.25
4.59
4.77
5.20
5.50

17,387
6,298
8,023
22,803
11,389

3.3
2.7
2.7
2.6
2.9

135
40
9
40
145

72.8
58.4
19.9
28.8
34.6

16.2
17.4
18.7
2.3
5.8

1.3
48.0
71.3
31.7
28.4

69.3
67.2
87.2
85.6
86.1

174
4,198
2,836
2,587
398

E.2

For Immediate Release
October 5, 2001

SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 6-10, 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

5.53
4.30
4.67
5.56
6.50

59,585
1,282
18,231
20,187
9,937

806
1,801
3,406
730
396

160
443
711
581

555

39.4
17.2
25.7
43.1
60.1

8.7
35.3
10.6
7.5
7.6

32.0
38.5
47.0
36.4
26.3

80.1
73.6
92.6
87.6
92.0

Foreign
Foreign
Foreign
Prime
Prime

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

6.03
5.18
4.75
5.86
7.27

17,970
184
2,921
5,928
2,182

747
615
3,762
564
227

524
228
490
688
625

43.3
31.7
32.1
40.2
73.5

6.0
3.3
3.6
11.5
12.6

30.2
23.7
82.4
44.2
16.0

59.7
98.8
99.6
94.6
92.2

Prime
Prime
Domestic
Prime
Prime

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

5.52
4.80
4.59
5.33
6.40

13,879
77
2,962
5,598
3,140

427
525
3,178
524
321

444
68
434
482
359

44.2
22.1
24.7
44.9
63.2

12.4
79.5
20.8
6.2
9.0

37.0
-64.2
44.9
22.5

88.9
99.6
95.5
85.5
83.4

Prime
Domestic
Domestic
Prime
Prime

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

5.13
4.22
4.72
5.20
6.45

12,766
418
6,019
3,807
2,099

1,279
3,319
2,490
1,173
580

517
90
475
548
689

32.2
4.3
21.0
39.7
59.9

5.2
20.3
4.1
4.1
4.1

35.9
64.0
40.0
35.5
26.1

93.7
100.0
96.0
87.3
98.1

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

5.14
3.98
4.69
5.33
5.86

12,132
591
5,456
3,219
2,272

3,078
6,095
5,686
1,915
2,577

596
179
378
885
663

26.8
19.8
17.4
34.4
41.7

4.9
49.7
3.2
2.8
1.2

31.9
30.9
34.0
25.5
44.3

94.8
43.3
96.2
99.0
98.9

Foreign
Domestic
Foreign
Foreign
Foreign

74.2
-48.6
78.1
73.2

6.2
-0.6
5.2
19.5

2.4
--2.2
2.8

50.2
-98.4
42.4
77.4

Prime
-Other
Prime
Other

84.8
71.2
41.2
31.0

26.5
14.9
7.9
7.4

1.7
5.4
28.6
39.8

88.8
87.3
78.0
79.6

Prime
Prime
Foreign
Foreign

Foreign
Foreign
Foreign
Foreign
Foreign

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

6.58
-5.26
6.60
7.28

1,802
-80
1,472
181

964
-420
1,590
345

WeightedAverage Risk
Rating2

Size and base rate

53
-37
55
47
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

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

7.30
6.79
5.78
5.09

1,308
6,012
18,672
33,593

3.5
3.4
3.1
2.6

45
52
55
76

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

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

7.15
4.51
4.75
5.20
5.29

13,550
6,157
7,949
22,004
9,924

3.3
2.6
2.7
2.6
3.0

137
4
8
39
110

69.2
57.5
19.2
28.0
29.0

12.4
17.7
18.5
2.3
4.3

0.5
47.7
72.0
32.8
31.4

65.4
66.5
87.4
85.3
91.1

242
6,981
6,169
2,980
1,176

E.2

For Immediate Release
October 5, 2001

SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 6-10, 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

7.15
6.43
6.80
7.52
7.46

6,315
613
1,039
1,967
1,729

93
99
115
80
89

496
968
1,137
730

805

78.5
68.6
65.4
87.4
87.0

22.4
12.1
18.7
29.5
27.2

6.2
6.2
10.9
5.4
7.7

77.3
42.8
70.8
76.6
87.9

Prime
Other
Prime
Prime
Prime

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

7.27
6.98
6.69
7.40
7.63

2,509
124
336
783
817

86
80
79
76
74

392
470
646
461
341

80.2
89.6
60.7
82.7
83.7

24.7
12.4
13.2
39.4
28.2

3.6
8.9
2.9
3.6
5.0

87.0
86.6
59.3
91.0
88.9

Prime
Prime
Prime
Prime
Prime

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

7.16
7.55
6.27
7.47
7.57

1,028
30
277
387
240

154
40
470
184
111

1,077
1,419
1,684
1,150
388

79.4
98.3
47.8
89.8
91.4

23.1
74.2
15.8
19.2
29.5

9.8
15.2
24.4
6.4
1.8

86.6
79.2
90.0
80.4
91.8

Prime
Prime
Other
Prime
Prime

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

5.93
4.72
6.24
6.77
6.68

924
220
94
202
258

170
508
267
105
99

466
90
624
894
639

60.6
26.3
58.0
94.2
92.1

19.7
8.1
43.4
32.0
22.4

2.1
0.1
0.9
1.6
5.8

78.0
28.9
99.1
85.2
94.2

Foreign
Other
Prime
Prime
Prime

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

7.18
7.52
7.34
7.77
6.40

1,131
214
260
262
176

65
73
95
43
119

666
458
531
1,528
296

77.4
92.2
85.1
85.0
73.0

16.3
5.8
22.2
8.6
30.1

4.7
5.5
0.2
15.1
0.2

67.6
30.0
71.5
71.8
87.7

Other
Other
Prime
Other
Other

95.4
100.0
93.4
93.6
98.5

21.5
23.1
10.4
32.0
10.9

19.6
45.0
47.5
3.1
35.9

42.4
7.8
11.4
33.7
73.9

Other
Other
Other
Prime
Other

85.5
85.4
66.9
--

26.2
24.9
17.6
--

5.2
8.4
4.7
--

73.8
76.8
79.1
--

Prime
Prime
Prime
--

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

8.21
8.12
8.17
8.11
8.43

660
23
72
307
202

77
44
67
83
107

WeightedAverage Risk
Rating2

Size and base rate

80
109
60
79
93
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

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

8.19
7.42
6.34
--

1,230
2,807
2,014
--

3.1
2.9
2.9
--

265
259
125
--

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

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

7.58
8.01
7.28
5.31
6.93

3,837
141
74
799
1,465

3.2
3.4
3.0
2.8
2.5

127
1,397
197
68
386

85.4
94.6
95.1
51.6
72.5

29.4
2.5
42.1
2.6
15.8

4.3
60.6
1.8
2.9
8.1

82.9
97.5
69.6
93.1
52.7

87
227
48
558
73

E.2

For Immediate Release
October 5, 2001

SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 6-10, 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

5.48
4.00
4.88
5.06
5.63

37,200
1,853
6,362
7,141
10,669

5,258
14,681
7,908
3,596
4,043

63
9
179
28
64

23.6
-1.2
21.4
23.8

9.9
-10.2
4.8
1.1

48.6
35.3
50.4
47.6
54.4

62.9
37.1
68.2
73.9
68.5

Foreign
Fed Funds
Fed Funds
Fed Funds
Foreign

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

5.17
--7.28
7.90

4,057
--295
140

2,790
--886
315

33
--170
729

91.6
--26.4
37.4

0.2
--0.7
4.3

0.3
--4.2
0.7

44.1
--99.3
95.9

Fed Funds
--Prime
Prime

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

4.64
3.91
4.25
4.56
5.24

13,921
1,451
3,185
3,612
3,249

9,777
26,116
19,917
8,383
6,845

2
2
1
4
1

8.2
--0.1
35.2

------

45.3
36.7
34.3
29.3
37.1

40.3
36.7
42.9
58.7
48.8

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

6.94
-7.83
6.17
5.11

8,087
-951
1,201
1,675

5,053
-5,090
2,080
3,263

35
-76
47
35

16.4
--44.8
21.8

42.9
-68.2
28.3
6.3

39.5
-25.7
54.7
37.6

86.8
-98.3
88.2
74.7

Prime
-Prime
Foreign
Fed Funds

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

5.55
-4.50
4.96
5.96

10,927
-2,205
2,033
5,605

4,395
-5,220
3,153
4,645

163
-450
61
100

21.7
-3.5
44.8
17.5

0.1
-0.1
-0.2

78.2
-84.9
82.2
70.8

80.4
-91.6
88.7
77.4

Foreign
-Foreign
Foreign
Foreign

------

------

------

------

------

19
24
19
17

43.7
47.1
27.0
21.1

16.4
10.5
4.2
12.4

21.3
46.7
55.7
45.6

90.3
77.8
61.8
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+

7.14
6.00
5.21
5.58

28
998
11,045
25,130

3.7
3.5
3.3
3.1

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.

8.43
4.53
4.73
5.56
5.16

4,873
12,254
3,768
12,965
3,339

3.0
3.0
2.0
3.2
4.2

8
9
12
36
2

14.6
17.1
1.6
24.6
81.3

75.6
-0.2
-0.2

10.0
19.4
100.0
87.7
2.1

97.5
36.2
17.1
94.4
39.8

3,064
8,054
7,041
4,738
4,828

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 0.23 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 6.77 percent for all banks, 6.75 percent for large domestic banks, 6.88
percent for small domestic banks, and 6.75 percent for U.S. branches and agencies of foreign banks.