FEDERAL RESERVE statistical release

E.2

For Immediate Release
March 27, 2002

SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 4-8, 2002
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

3.66
2.10
3.41
3.89
4.01

93,387
7,022
20,174
34,695
21,802

610
2,019
1,316
673
403

228
422
469
250

368

26.5
6.1
15.2
27.2
37.5

14.5
37.2
8.1
18.9
6.3

32.8
53.9
38.3
29.1
27.8

77.7
62.1
89.9
81.3
81.2

Prime
Fed Funds
Prime
Prime
Fed Funds

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

4.70
3.88
4.52
4.78
5.31

14,379
305
4,586
4,647
3,173

256
345
989
224
129

438
530
432
535
476

47.1
43.2
21.8
50.1
70.5

11.3
26.6
2.1
17.3
14.5

6.6
22.1
9.5
3.6
8.6

85.5
80.6
97.2
88.1
88.2

Prime
Prime
Prime
Prime
Prime

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

3.10
1.84
2.76
3.20
3.64

36,844
5,203
6,815
10,553
9,385

810
3,968
4,310
753
587

259
151
302
428
102

18.1
0.8
6.5
22.8
30.0

13.4
41.1
10.9
10.9
5.3

39.0
57.5
55.6
32.0
22.1

66.6
59.0
85.0
63.5
69.8

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

3.61
2.70
2.65
3.99
3.69

28,808
744
4,984
15,251
6,426

1,535
2,102
1,318
2,487
924

271
137
198
354
222

19.4
7.1
16.3
17.5
24.8

18.6
34.6
11.7
27.6
3.8

37.8
32.5
39.6
35.5
42.1

89.6
61.7
93.0
93.6
91.2

Foreign
Domestic
Foreign
Foreign
Foreign

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

3.74
2.23
3.62
3.63
4.24

8,756
713
2,163
3,020
2,210

480
1,042
660
526
718

469
108
776
442
429

35.3
21.0
21.7
36.4
48.8

5.9
18.8
0.7
7.3
2.7

34.2
65.9
15.0
35.2
40.4

80.5
75.8
78.6
84.4
88.2

Foreign
Foreign
Foreign
Foreign
Foreign

52.1
99.2
20.2
78.7
71.3

8.8
-12.4
7.5
5.8

39.0
17.6
75.9
6.0
22.4

75.3
82.2
95.2
45.1
85.3

Other
Other
Other
Prime
Other

83.9
69.4
31.0
14.5

27.5
18.4
9.3
15.5

5.2
8.8
35.2
37.2

82.5
87.3
80.5
74.7

Prime
Prime
Foreign
Fed Funds

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

5.66
7.11
5.10
6.13
5.81

3,635
56
1,600
1,138
523

293
238
806
280
204

WeightedAverage Risk
Rating2

Size and base rate

52
282
38
58
44
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

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

5.90
5.04
3.67
3.31

2,773
9,588
24,134
56,892

3.4
3.4
3.2
2.7

161
149
71
49

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

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

5.13
2.53
2.68
3.46
3.65

25,889
20,907
9,998
23,837
12,756

3.0
3.0
2.0
3.0
3.2

77
16
8
52
214

43.6
10.4
7.5
24.3
37.2

26.5
5.3
42.4
1.7
7.7

2.5
43.9
47.0
55.8
22.0

91.6
69.6
31.2
94.0
69.0

243
7,205
3,085
2,351
423

E.2

For Immediate Release
March 27, 2002

SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 4-8, 2002
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

3.97
2.08
3.60
4.31
4.90

53,053
6,119
12,750
19,120
9,566

364
1,829
883
389
188

252
518
704
526

558

36.6
6.2
19.4
41.6
63.8

17.9
42.5
12.9
14.1
12.3

22.6
50.9
36.2
16.9
10.6

81.4
56.6
87.8
84.8
88.4

Prime
Fed Funds
Prime
Prime
Prime

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

4.82
3.84
4.40
4.78
5.29

10,504
292
3,310
3,555
2,853

191
332
731
175
118

470
532
443
504
467

52.7
45.1
25.8
59.8
74.1

15.1
23.4
2.9
22.5
15.6

8.6
23.0
12.9
4.7
8.3

90.0
79.7
96.2
84.6
89.8

Prime
Prime
Prime
Prime
Prime

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

3.32
1.84
2.84
3.71
4.82

21,195
5,203
3,770
6,378
3,087

483
3,968
2,954
470
201

449
151
487
724
331

26.1
0.8
11.8
37.7
56.5

23.3
41.1
19.7
18.0
16.3

32.7
57.5
49.2
29.8
5.5

77.3
59.0
83.3
82.1
82.2

Prime
Fed Funds
Domestic
Prime
Prime

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

3.94
3.05
2.79
4.47
4.39

12,347
345
2,814
6,357
2,083

785
1,293
811
1,292
365

506
280
277
622
580

27.7
15.3
19.1
25.2
50.6

10.7
74.6
20.7
5.6
3.9

17.4
12.3
33.6
13.1
15.7

90.9
17.4
90.3
96.4
97.1

Foreign
Domestic
Foreign
Foreign
Foreign

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

4.05
2.46
3.77
3.76
4.66

4,466
223
1,266
1,611
954

264
346
407
298
415

561
159
598
577
673

52.1
44.1
23.9
54.5
79.6

11.6
60.2
1.2
13.7
6.2

13.4
-14.0
16.1
16.4

73.3
23.8
64.3
79.5
86.7

Foreign
Fed Funds
Other
Foreign
Foreign

52.7
99.2
20.6
79.1
71.3

8.9
-12.7
7.5
5.8

39.4
17.6
77.7
6.0
22.4

75.0
82.2
95.1
44.8
85.3

Other
Other
Other
Prime
Other

84.5
74.2
43.7
16.6

27.7
19.4
13.2
18.9

4.9
5.2
18.8
31.7

82.5
87.2
89.1
75.7

Prime
Prime
Prime
Foreign

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

5.63
7.11
5.01
6.12
5.81

3,593
56
1,564
1,132
523

290
238
790
279
204

WeightedAverage Risk
Rating2

Size and base rate

51
282
35
59
44
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

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

5.91
5.15
4.00
3.39

2,731
8,614
13,928
27,780

3.4
3.4
3.1
2.3

163
163
100
84

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

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

5.20
2.23
2.58
4.02
3.78

18,244
6,722
6,980
10,984
10,124

3.1
1.8
2.0
2.9
3.0

106
38
7
69
251

57.8
24.2
6.8
31.3
32.8

15.3
16.4
60.7
3.6
9.8

3.1
61.7
24.0
29.1
23.7

88.6
75.3
43.1
96.5
82.8

174
7,973
2,497
1,445
340

E.2

For Immediate Release
March 27, 2002

SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 4-8, 2002
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

3.74
1.92
3.41
4.13
4.73

46,995
5,868
11,713
16,892
8,217

610
8,604
2,226
659
257

160
450
657
490

495

30.9
3.1
14.2
36.0
59.8

16.7
43.4
11.0
12.8
8.8

24.3
52.0
39.1
16.9
10.9

82.4
56.1
89.2
86.7
90.0

Prime
Fed Funds
Prime
Prime
Prime

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

4.59
3.62
4.31
4.49
5.15

8,057
198
2,991
2,540
2,225

347
645
4,592
265
184

448
602
419
450
474

44.2
45.8
20.7
49.4
71.7

9.9
10.4
0.8
20.5
10.0

9.7
28.6
13.9
4.8
8.3

94.4
79.2
99.6
89.5
94.0

Prime
Prime
Prime
Prime
Prime

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

3.25
1.82
2.77
3.62
4.78

20,484
5,179
3,638
6,025
2,893

533
31,771
4,012
534
204

428
150
477
676
316

23.9
0.3
10.3
34.2
53.7

22.7
41.2
19.3
17.8
11.7

33.0
57.8
50.8
29.4
4.9

77.2
58.8
84.0
81.7
82.5

Prime
Fed Funds
Domestic
Prime
Prime

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

3.91
2.52
2.72
4.47
4.27

11,492
296
2,720
6,103
1,891

1,199
2,907
999
2,174
548

502
41
258
613
584

25.4
1.4
17.8
23.5
46.6

10.4
86.8
20.0
4.9
3.3

17.6
-34.8
12.3
17.3

91.5
18.2
90.2
96.9
97.0

Foreign
Domestic
Foreign
Foreign
Foreign

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

3.49
1.79
3.27
3.37
4.39

3,578
192
1,071
1,393
814

1,439
2,325
1,673
1,541
1,175

555
149
478
610
682

45.1
36.5
13.7
52.9
76.9

10.8
67.9
0.5
14.7
5.1

14.2
-15.8
14.0
17.6

73.1
16.1
62.4
80.6
86.7

Foreign
Fed Funds
Other
Foreign
Foreign

33.3
-2.6
72.5
59.5

0.1
--0.1
0.7

53.9
-94.8
2.4
30.3

82.2
-99.9
46.4
95.4

Other
-Other
Prime
Other

83.4
69.0
38.4
16.7

27.3
16.1
10.4
19.0

1.6
3.4
19.8
31.8

90.8
94.1
91.4
75.6

Prime
Prime
Foreign
Foreign

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

4.99
-4.71
5.52
4.96

2,460
-1,267
766
328

1,378
-4,669
1,429
440

WeightedAverage Risk
Rating2

Size and base rate

35
-26
51
32
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

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

5.19
4.77
3.83
3.40

1,450
5,867
12,023
27,656

3.6
3.5
3.2
2.3

34
56
57
84

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

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

5.05
2.18
2.51
4.05
3.33

14,368
6,648
6,858
10,431
8,691

3.1
1.8
2.0
2.9
3.0

74
13
3
66
171

50.3
23.5
5.3
31.3
24.0

10.8
16.5
61.1
3.0
7.8

1.4
62.2
24.5
30.0
26.1

91.4
75.0
42.4
97.0
87.4

237
9,779
7,587
1,541
1,082

E.2

For Immediate Release
March 27, 2002

SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 4-8, 2002
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

5.75
5.77
5.71
5.74
5.95

6,058
252
1,037
2,228
1,349

88
94
113
95
71

2,586
1,345
1,068
723

1,039

80.9
77.9
77.4
84.3
88.4

27.6
20.9
34.5
24.0
33.5

9.8
25.1
4.1
16.7
8.4

73.7
68.2
71.8
70.4
78.9

Prime
Prime
Prime
Prime
Prime

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

5.59
4.30
5.23
5.53
5.79

2,448
94
318
1,014
628

77
165
82
95
52

542
353
750
637
445

80.4
43.7
73.5
85.9
82.3

32.2
50.5
22.8
27.5
35.5

4.9
11.3
3.9
4.4
8.3

75.7
80.9
64.2
72.2
75.0

Prime
Prime
Prime
Prime
Prime

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

5.28
6.17
4.90
5.26
5.40

711
24
132
353
194

131
21
356
154
158

1,071
322
777
1,584
527

89.4
100.0
53.7
96.5
99.2

40.2
3.4
30.1
21.5
84.5

23.9
0.9
6.7
37.5
14.7

80.7
94.9
63.7
88.3
77.9

Prime
Prime
Prime
Prime
Prime

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

4.37
6.26
5.05
4.41
5.52

854
49
95
254
192

139
295
127
120
85

566
1,696
745
859
539

58.7
100.0
55.2
68.1
89.9

14.7
0.4
39.5
22.4
9.8

14.4
87.6
0.1
31.4
0.3

82.3
12.6
93.6
84.0
97.2

Prime
Prime
Prime
Other
Prime

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

6.28
6.68
6.46
6.25
6.24

888
31
195
218
140

62
55
79
48
87

587
221
1,252
372
616

80.1
92.1
80.1
65.2
95.4

15.1
12.3
5.3
7.1
12.8

10.0
-4.1
29.8
10.0

74.4
72.2
74.9
72.3
87.2

Other
Other
Other
Other
Prime

94.8
100.0
97.4
93.0
90.9

27.9
-66.6
23.0
14.3

8.1
17.8
4.5
13.5
9.0

59.3
82.0
74.5
41.3
68.2

Other
Other
Prime
Other
Other

85.8
85.2
76.6
--

28.2
26.3
30.9
--

8.6
9.2
12.1
--

73.2
72.4
74.2
--

Prime
Prime
Prime
--

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

7.01
7.22
6.31
7.38
7.24

1,133
54
297
366
195

107
252
174
104
107

WeightedAverage Risk
Rating2

Size and base rate

88
291
76
74
65
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

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

6.73
5.97
5.02
--

1,282
2,747
1,905
--

3.1
3.1
2.8
--

305
388
370
--

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

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

5.76
6.63
6.18
3.43
6.53

3,877
74
122
553
1,433

3.1
3.8
2.4
2.7
2.7

225
2,103
195
117
736

85.7
92.5
91.1
31.4
85.6

32.0
6.6
38.0
14.2
21.3

9.6
14.1
-13.3
9.6

78.1
98.5
78.9
87.1
54.8

88
451
65
665
66

E.2

For Immediate Release
March 27, 2002

SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 4-8, 2002
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

3.25
2.28
3.10
3.38
3.32

40,334
903
7,424
15,576
12,236

5,522
6,770
8,279
6,452
3,730

105
62
254
104
52

13.2
5.7
7.9
9.5
16.9

10.1
1.4
0.0
24.7
1.6

46.2
74.1
42.0
44.1
41.3

72.9
99.7
93.5
76.9
75.5

Fed Funds
Foreign
Fed Funds
Foreign
Fed Funds

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

4.36
-4.84
4.77
5.46

3,874
-1,276
1,092
320

3,121
-11,562
2,581
543

356
-405
633
584

31.9
-11.4
18.5
38.3

0.9
-0.0
0.5
4.5

1.2
-0.5
0.2
11.4

73.4
-99.9
99.5
73.9

Prime
-Prime
Prime
Prime

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

2.79
-2.66
2.42
3.06

15,649
-3,045
4,175
6,298

9,835
-9,984
9,392
10,455

16
-77
2
1

7.4
--0.0
17.0

------

47.6
-63.5
35.3
30.2

52.0
-87.0
35.2
63.8

Fed Funds
-Fed Funds
Fed Funds
Fed Funds

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

3.37
2.39
2.47
3.64
3.35

16,461
399
2,170
8,894
4,344

5,405
4,572
6,939
7,335
3,503

51
19
107
30
50

13.1
-12.6
12.0
12.5

24.4
--43.3
3.8

53.1
49.9
47.3
51.5
54.8

88.6
100.0
96.5
91.7
88.4

Foreign
Fed Funds
Foreign
Foreign
Foreign

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

3.42
-3.42
3.47
3.92

4,290
-897
1,409
1,256

3,184
-5,468
4,276
1,610

365
-1,160
285
235

17.8
-18.6
15.6
25.4

0.0
---0.1

55.9
-16.5
57.1
58.6

87.9
-98.9
89.9
89.2

------

------

------

------

------

26
30
33
16

43.7
27.6
13.8
12.5

10.7
10.2
4.1
12.2

24.5
40.2
57.6
42.4

79.3
88.2
68.9
73.8

Foreign
-Foreign
Foreign
Foreign

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+

4.74
4.03
3.22
3.23

41
974
10,206
29,112

4.0
3.4
3.2
3.2

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.

4.94
2.68
2.91
2.98
3.17

7,645
14,185
3,019
12,853
2,632

2.8
3.5
2.3
3.0
4.1

6
6
10
37
76

9.6
3.8
9.1
18.3
54.4

53.3
--0.0
--

1.0
35.5
100.0
78.5
15.1

98.8
67.0
3.7
91.9
15.9

4,068
6,891
6,767
5,064
6,896

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 0.09 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 4.78 percent for all banks, 4.75 percent for large domestic banks, 4.94
percent for small domestic banks, and 4.75 percent for U.S. branches and agencies of foreign banks.