FEDERAL RESERVE statistical release

E.2

For Immediate Release
December 18, 2001

SURVEY OF TERMS OF BUSINESS LENDING, NOVEMBER 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

3.89
2.97
3.08
4.25
4.31

87,548
3,639
19,152
30,622
22,811

605
846
1,268
597
445

186
317
480
280

347

30.9
9.4
15.1
38.7
35.1

10.2
18.3
8.9
12.6
8.0

32.6
7.2
39.3
33.3
28.6

72.2
45.7
81.1
83.4
68.8

Foreign
Fed Funds
Foreign
Foreign
Prime

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

4.49
4.33
3.28
4.79
5.76

10,590
361
2,837
3,262
2,558

262
313
985
211
145

319
244
185
460
475

49.2
54.5
13.3
50.3
63.8

12.5
59.9
3.9
14.5
16.8

24.0
21.3
72.0
6.6
8.1

88.3
99.7
93.6
77.8
94.9

Prime
Prime
Domestic
Prime
Prime

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

3.67
2.83
2.95
3.85
4.20

34,181
1,990
7,102
10,164
9,041

645
1,615
2,717
569
458

237
128
245
361
162

26.0
2.9
9.3
28.5
41.1

10.4
10.2
13.7
14.2
5.9

27.2
3.5
35.5
23.7
16.5

59.8
12.8
60.4
78.9
62.8

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

3.66
2.59
2.96
4.18
4.02

26,895
1,127
7,201
9,798
5,993

1,568
2,164
2,122
1,743
994

327
258
365
354
291

23.3
2.8
14.2
33.1
23.5

12.1
19.3
7.3
16.7
11.0

38.1
6.8
29.8
46.2
40.4

80.9
79.6
94.1
90.1
72.8

Foreign
Foreign
Foreign
Foreign
Foreign

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

3.94
3.20
3.34
4.14
3.87

12,513
120
1,664
5,258
4,595

633
136
409
721
1,264

390
82
295
570
254

33.7
15.3
38.4
47.6
16.4

3.0
2.5
1.2
3.0
1.4

50.6
32.8
47.1
56.5
51.2

79.0
91.8
94.9
97.6
60.4

Foreign
Foreign
Foreign
Foreign
Foreign

78.9
86.8
60.8
83.0
77.3

5.0
54.9
12.3
0.9
11.5

6.3
0.4
11.7
4.4
10.6

46.3
98.0
61.3
38.7
69.5

Prime
Prime
Other
Prime
Other

83.6
70.9
35.3
18.5

27.8
17.0
10.8
7.8

3.4
8.5
30.6
39.7

83.9
86.9
80.8
64.5

Prime
Prime
Foreign
Foreign

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

6.09
8.10
5.62
5.92
6.29

2,855
31
303
1,767
547

239
65
146
483
164

WeightedAverage Risk
Rating2

Size and base rate

56
30
73
49
51
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

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

6.28
5.43
4.10
3.38

2,567
9,379
25,546
50,056

3.4
3.4
3.2
2.9

159
142
72
49

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

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

5.71
2.96
3.19
3.51
4.00

17,557
15,986
11,788
26,526
15,690

3.3
3.0
2.5
2.9
3.2

141
24
8
41
126

67.0
7.2
6.2
24.9
43.4

24.8
2.6
22.1
2.2
6.3

1.7
24.6
66.0
54.0
14.4

85.7
37.5
53.1
93.8
70.4

178
6,820
3,831
2,563
517

E.2

For Immediate Release
December 18, 2001

SURVEY OF TERMS OF BUSINESS LENDING, NOVEMBER 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

4.25
3.11
3.27
4.40
5.04

52,128
2,255
11,142
21,520
11,809

378
543
779
440
243

270
399
649
456

519

40.1
14.8
21.9
43.2
54.9

13.9
29.5
13.3
13.5
11.1

21.9
6.6
48.4
21.9
9.6

82.8
60.5
87.9
82.2
90.0

Prime
Foreign
Domestic
Prime
Prime

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

4.55
4.29
3.15
4.77
5.72

9,065
355
2,647
3,106
2,389

232
310
940
208
139

325
225
121
456
452

45.3
55.4
13.8
50.2
65.4

14.4
61.0
4.0
15.2
18.0

27.9
21.6
77.1
6.7
8.4

88.5
99.7
93.2
76.8
94.6

Prime
Prime
Domestic
Prime
Prime

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

4.10
2.94
3.09
4.11
4.91

20,745
858
4,397
7,985
5,263

403
713
1,832
455
274

393
302
393
464
274

34.9
6.8
14.9
36.1
49.2

17.1
23.6
22.1
18.0
10.1

21.2
8.0
41.3
27.7
4.7

82.3
23.9
83.9
85.0
84.9

Prime
Fed Funds
Domestic
Prime
Prime

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

3.82
2.60
3.28
4.03
4.76

13,238
953
2,716
5,753
2,133

896
2,090
891
1,248
406

479
245
477
515
557

32.9
2.4
23.6
35.0
58.0

12.1
22.8
10.9
12.0
7.7

26.5
0.0
45.5
31.7
21.0

84.9
75.8
90.0
88.6
98.6

Foreign
Foreign
Foreign
Foreign
Foreign

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

4.26
4.08
3.60
4.41
4.29

5,765
48
1,036
2,559
1,432

317
57
265
376
510

736
144
404
1,114
539

48.3
38.4
55.1
51.0
42.3

6.5
6.4
2.0
6.2
4.6

15.3
4.1
25.8
15.9
14.2

88.5
86.2
93.3
95.4
95.8

Foreign
Other
Foreign
Foreign
Foreign

79.2
86.8
60.8
82.7
79.9

5.1
54.9
12.3
0.9
12.1

4.6
0.4
11.7
3.1
5.9

45.3
98.0
61.3
37.8
67.9

Prime
Prime
Other
Prime
Other

83.9
74.8
44.5
21.4

27.9
17.7
13.2
11.6

3.2
4.9
15.6
33.6

83.9
87.3
88.8
77.3

Prime
Prime
Prime
Other

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

6.13
8.10
5.62
5.94
6.41

2,804
31
303
1,744
519

236
65
146
478
157

WeightedAverage Risk
Rating2

Size and base rate

56
30
73
50
53
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

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

6.29
5.54
4.40
3.51

2,535
8,359
16,113
25,121

3.4
3.4
3.1
2.7

161
156
100
81

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

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

5.73
3.11
3.18
3.65
4.17

14,918
4,940
7,754
12,063
12,454

3.4
2.8
2.5
2.9
3.0

164
58
8
49
157

73.6
18.0
6.5
34.1
35.6

17.7
8.3
33.7
4.8
7.9

1.7
18.3
48.3
36.7
17.0

84.2
54.7
80.4
97.3
79.8

154
4,671
3,036
1,518
418

E.2

For Immediate Release
December 18, 2001

SURVEY OF TERMS OF BUSINESS LENDING, NOVEMBER 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

3.99
2.76
3.04
4.19
4.83

45,266
1,770
10,239
19,472
10,008

653
2,407
1,926
777
373

255
340
580
400

469

34.2
8.2
17.6
38.2
48.9

12.4
23.7
12.9
13.3
8.3

24.2
6.5
52.1
23.1
9.4

83.7
58.9
89.4
82.8
91.3

Foreign
Fed Funds
Domestic
Foreign
Prime

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

4.18
3.72
2.91
4.52
5.53

6,722
142
2,418
2,493
1,651

452
619
5,631
371
223

322
390
90
444
501

33.8
65.6
7.6
41.0
58.3

9.1
18.9
1.7
11.9
14.8

36.1
46.2
84.1
6.5
10.1

88.8
99.1
95.8
76.8
95.6

Prime
Prime
Domestic
Prime
Prime

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

3.97
2.75
3.00
3.96
4.82

19,349
811
4,233
7,378
4,822

496
2,515
3,309
567
334

375
194
381
455
238

31.1
2.3
13.3
31.5
45.1

16.8
20.6
22.7
18.4
8.3

22.1
6.1
42.8
29.8
3.2

82.0
19.6
83.6
84.9
85.3

Prime
Fed Funds
Domestic
Prime
Prime

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

3.72
2.56
3.23
3.98
4.65

12,134
787
2,619
5,611
1,876

1,312
6,297
979
1,906
665

487
291
468
496
548

30.5
2.1
22.0
33.7
53.1

10.7
27.3
9.9
11.8
4.3

28.6
-46.4
32.5
22.6

85.0
90.7
89.7
88.6
98.5

Foreign
Foreign
Foreign
Foreign
Foreign

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

3.71
2.74
2.94
3.82
4.16

4,712
15
828
2,214
1,322

1,748
541
1,306
2,183
1,799

609
94
372
767
545

42.2
48.4
52.9
44.8
39.9

4.3
1.9
1.6
6.4
2.7

15.7
0.1
30.9
13.1
14.3

93.6
98.1
97.7
97.5
98.7

Foreign
Other
Foreign
Foreign
Foreign

72.2
-21.0
80.1
62.0

0.4
-0.5
0.1
1.7

2.6
-15.6
1.4
2.4

46.1
-98.7
35.3
86.0

Prime
-Other
Prime
Other

83.3
68.7
39.3
21.1

29.2
16.0
12.3
10.8

1.5
4.0
16.4
34.3

89.3
93.9
91.2
76.8

Prime
Prime
Foreign
Other

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

5.59
-3.68
5.70
5.34

1,877
-98
1,439
265

1,033
-415
1,871
501

WeightedAverage Risk
Rating2

Size and base rate

46
-37
47
31
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

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

5.68
5.21
4.23
3.49

1,279
5,548
13,856
24,583

3.5
3.5
3.2
2.7

45
53
74
82

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

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

5.58
3.06
3.17
3.62
3.81

10,690
4,860
7,703
11,134
10,880

3.4
2.8
2.5
2.9
3.1

148
17
5
44
109

69.1
17.1
5.9
33.1
28.9

15.5
8.0
33.8
4.1
4.7

0.2
18.6
48.6
39.4
17.3

86.0
54.7
80.5
97.8
82.1

205
5,990
7,231
1,750
1,221

E.2

For Immediate Release
December 18, 2001

SURVEY OF TERMS OF BUSINESS LENDING, NOVEMBER 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

5.94
4.40
5.90
6.45
6.19

6,862
485
903
2,047
1,801

100
142
100
86
83

324
1,109
1,333
771

852

78.8
38.6
70.3
90.8
88.0

23.3
50.9
17.6
15.9
26.9

7.2
6.7
7.0
10.3
10.2

77.1
66.2
71.1
76.3
82.4

Prime
Other
Prime
Prime
Prime

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

5.63
4.67
5.64
5.77
6.15

2,343
213
228
613
738

97
233
96
75
76

337
114
547
509
347

78.4
48.7
78.9
87.7
81.3

29.5
89.0
28.6
28.4
25.1

4.3
5.2
3.8
7.5
4.6

87.6
100.0
64.9
76.6
92.5

Prime
Prime
Prime
Prime
Prime

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

5.89
6.34
5.68
5.97
5.90

1,397
46
164
607
441

112
53
146
134
93

642
2,270
684
586
650

86.8
85.4
56.1
92.0
94.1

20.4
76.4
7.5
12.8
28.8

9.2
41.5
2.8
2.2
20.5

86.2
100.0
91.6
85.8
80.8

Prime
Prime
Prime
Prime
Prime

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

4.87
2.81
4.85
5.84
5.60

1,104
166
97
143
256

200
503
260
86
105

397
28
722
1,303
628

59.8
3.7
67.3
87.6
93.9

27.3
1.2
38.7
20.5
32.5

3.8
0.0
19.6
0.4
8.7

84.1
5.5
99.4
90.2
98.9

Other
Other
Prime
Prime
Prime

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

6.71
4.72
6.23
8.15
5.86

1,053
33
209
344
110

68
40
64
59
53

1,299
168
528
3,299
468

75.7
33.7
64.0
90.7
71.7

16.2
8.5
3.5
4.6
27.7

13.6
6.0
5.3
33.9
11.8

65.5
80.6
76.1
82.0
61.0

Other
Other
Prime
Other
Other

93.4
100.0
79.8
95.3
98.7

14.6
63.8
17.9
4.4
23.0

8.6
0.4
9.8
11.6
9.5

43.6
97.6
43.4
50.1
49.0

Other
Prime
Other
Other
Prime

84.4
86.7
76.4
--

26.7
21.1
19.1
--

5.0
6.7
10.7
--

78.3
74.1
74.5
--

Prime
Prime
Prime
--

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

7.21
8.52
6.55
7.08
7.52

927
27
205
305
254

92
56
111
106
92

WeightedAverage Risk
Rating2

Size and base rate

77
30
92
64
75
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

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

6.92
6.19
5.47
--

1,257
2,811
2,257
--

3.2
3.2
2.8
--

277
359
264
--

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

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

6.10
5.92
6.05
3.97
6.68

4,227
81
51
929
1,574

3.2
2.5
2.6
2.5
2.6

206
2,411
461
110
490

85.0
73.2
99.3
45.5
81.6

23.3
27.1
12.6
12.9
29.7

5.5
2.2
-3.2
14.4

79.5
57.3
63.8
91.3
63.5

95
328
34
585
75

E.2

For Immediate Release
December 18, 2001

SURVEY OF TERMS OF BUSINESS LENDING, NOVEMBER 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

3.38
2.73
2.82
3.90
3.53

35,420
1,384
8,010
9,102
11,002

5,225
9,583
10,095
3,819
4,222

51
201
52
95

94

17.4
0.7
5.8
27.9
13.8

4.9
-2.9
10.5
4.6

48.4
8.2
26.6
60.3
49.1

56.7
21.5
71.7
86.1
46.2

Foreign
Fed Funds
Foreign
Foreign
Fed Funds

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

4.11
-5.08
5.30
6.26

1,525
-191
156
169

1,187
-2,946
287
404

277
-1,287
678
924

72.0
-6.2
51.5
41.0

1.7
-2.5
1.0
--

0.8
--3.6
3.7

87.5
-99.6
99.0
99.2

Other
-Prime
Prime
Prime

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

3.01
-2.72
2.90
3.20

13,436
-2,705
2,179
3,778

9,125
-12,635
6,468
6,774

11
-14
4
15

12.4
-0.1
0.7
29.7

0.2
--0.3
--

36.4
-25.9
8.7
33.0

25.2
-22.3
56.8
32.1

Fed Funds
-Fed Funds
Fed Funds
Fed Funds

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

3.50
2.53
2.76
4.39
3.60

13,658
174
4,486
4,045
3,860

5,746
2,686
12,930
4,001
5,012

165
331
295
61
131

14.0
5.2
8.5
30.3
4.4

12.2
-5.1
23.3
12.9

49.4
44.0
20.3
66.8
51.1

76.9
100.0
96.7
92.3
58.6

Foreign
Foreign
Foreign
Foreign
Foreign

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

3.66
-2.92
3.88
3.68

6,748
-628
2,699
3,163

4,217
-3,746
5,588
3,834

97
-113
66
124

21.2
-10.8
44.5
4.6

------

80.7
-82.2
95.0
68.0

71.0
-97.5
99.7
44.4

Foreign
-Foreign
Foreign
Foreign

------

------

------

------

------

22
29
23
17

65.6
39.4
19.6
15.6

17.5
11.2
6.7
3.9

20.8
38.2
56.3
45.8

85.8
83.3
67.1
51.6

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+

5.39
4.55
3.58
3.25

32
1,020
9,432
24,935

3.4
3.5
3.4
3.0

Prime
Prime
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.

5.63
2.89
3.21
3.39
3.32

2,640
11,045
4,035
14,464
3,237

3.2
3.1
4.2
2.9
4.3

11
9
9
34
5

29.5
2.4
5.5
17.3
73.5

65.0
---0.3

1.4
27.4
100.0
68.5
4.4

94.5
29.8
0.7
90.9
34.4

1,342
8,586
7,716
6,026
5,372

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 Mach 31, 2001, assets of the large banks were at least $4 billion. Median total assets for all
insured banks were roughly $80 million. Assets at all U.S. branches and agencies averaged $2.7
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 5.28 percent for all banks, 5.26 percent for large domestic banks, 5.42
percent for small domestic banks, and 5.13 percent for U.S. branches and agencies of foreign banks.