FEDERAL RESERVE statistical release

E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 1-5, 2005
For immediate release
September 15, 2005

1. Commercial and industrial loans made by all commercial banks1

interval2

Maturity/repricing
and risk3 of loans

Weightedaverage
effective
loan rate4
(percent)

Percent of value of loans
Total value of
loans
($ millions)

Average
loan size
($ thousands)

Weightedaverage
maturity5

Secured by
collateral

Subject to
prepayment
penalty

Commitment status

Prime based

Percent
made under
commitment

Average
months
since loan
terms set6

Days
1. All C&I loans
2. Minimal risk
3. Low risk
4. Moderate risk
5. Other

5.22
4.10
4.72
5.16
5.99

84,061
4,157
12,571
34,488
20,635

495
1,224
938
539
406

506
416
470
527
466

39.6
39.0
27.9
39.3
44.6

24.8
.8
27.9
22.3
29.9

29.8
15.4
13.6
29.1
37.2

77.1
80.7
78.7
75.3
80.4

11.3
12.2
10.4
13.4
11.6

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

6.01
5.00
5.06
6.14
6.53

17,819
202
1,458
6,569
4,669

203
220
361
214
170

658
652
560
726
696

63.1
55.1
52.6
62.9
76.4

9.6
9.5
11.3
4.9
3.6

78.1
51.5
52.3
83.7
82.6

92.0
91.9
90.6
92.7
93.2

8.8
13.4
13.7
10.0
7.3

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

4.57
3.91
4.30
4.33
5.79

26,178
1,636
3,973
13,911
5,003

1,339
7,665
1,174
1,482
982

169
166
266
181
90

19.8
30.9
12.6
22.2
18.6

30.4
.3
39.8
28.8
18.1

11.2
22.0
10.9
9.7
12.2

51.1
54.7
46.9
58.2
46.9

12.1
8.8
18.7
8.8
19.6

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

5.25
4.12
5.03
6.08
4.93

16,829
730
3,658
5,189
5,560

830
5,041
2,991
733
570

477
156
709
684
181

32.4
26.8
8.7
44.8
31.7

34.2
.0
24.6
24.0
58.0

13.7
2.1
5.9
17.5
18.0

83.7
100.0
93.1
79.4
85.6

9.4
15.7
5.7
8.7
13.3

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

4.89
4.15
4.64
5.07
6.62

17,269
1,410
3,250
6,837
3,424

668
795
1,031
701
627

547
759
361
689
321

50.8
45.1
55.2
45.6
58.9

19.3
.5
24.9
23.1
20.2

17.3
10.8
6.9
23.3
26.0

91.2
98.4
97.4
88.0
96.1

16.1
12.2
9.3
27.0
12.1

41.2
96.6
51.6
43.7
44.4

35.3
2.1
20.4
27.5
62.7

48.5
3.8
33.7
33.2
65.4

87.4
86.1
61.5
82.4
93.1

6.7
9.6
6.6
10.1
6.0

86.3
74.6
41.0
25.7

7.6
11.0
24.8
29.7

68.8
70.7
31.4
14.9

84.0
90.4
83.6
69.0

7.0
8.7
11.6
12.3

94.2
69.9

11.0
11.4

Months
26. More than 365 days
27. Minimal risk
28. Low risk
29. Moderate risk
30. Other

6.69
4.24
6.09
5.72
7.23

5,657
165
212
1,938
1,896

399
521
134
285
836

Weightedaverage risk
rating3

Size of loan
($ thousands)

52
36
41
46
64
Weightedaverage
maturity/
repricing
interval2
Days

31.
32.
33.
34.

1 - 99
100 - 999
1,000 - 9,999
10,000+

6.89
6.32
5.28
4.77

3,116
11,611
26,586
42,748

3.3
3.2
3.2
2.9

157
123
92
149

Average size
($ thousands)

Base rate of loan7
35. Prime8
36. Other

6.48
4.69

25,065
58,996

... The number of loans was insufficient to provide a meaningful value.
Other footnotes appear on the last page.

3.3
3.0

211
93

59.5
31.1

10.5
30.8

216
1,096

E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 1-5, 2005

For immediate release
September 15, 2005

2. Commercial and industrial loans made by domestic banks1
interval2

Maturity/repricing
and risk3 of loans

Weightedaverage
effective
loan rate4
(percent)

Percent of value of loans
Total value of
loans
($ millions)

Average
loan size
($ thousands)

Weightedaverage
maturity5

Secured by
collateral

Subject to
prepayment
penalty

Commitment status

Prime based

Percent
made under
commitment

Average
months
since loan
terms set6

Days
1. All C&I loans
2. Minimal risk
3. Low risk
4. Moderate risk
5. Other

5.48
4.11
4.98
5.60
6.48

54,253
2,279
8,530
23,440
10,686

332
743
688
381
219

687
279
563
732
836

52.3
60.4
38.5
44.0
75.4

15.0
1.5
21.2
12.5
18.0

41.8
26.3
18.1
40.2
63.5

82.5
64.8
82.7
77.5
94.0

12.7
26.3
10.9
16.8
10.4

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

6.01
5.00
5.12
6.13
6.49

17,298
202
1,319
6,328
4,528

199
220
334
209
167

657
652
620
729
675

64.0
55.1
57.4
63.6
77.6

9.9
9.5
12.5
5.0
3.7

78.2
51.5
57.1
83.1
82.0

91.7
91.9
89.6
92.5
93.0

8.4
13.4
11.7
9.6
7.0

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

4.83
3.90
4.59
4.76
6.54

10,480
1,124
2,135
6,121
922

596
9,883
669
718
203

372
122
343
414
401

30.5
33.4
22.1
22.1
91.3

14.1
.4
29.1
13.9
.2

25.3
32.1
20.4
18.4
59.8

47.6
34.1
46.5
42.9
88.9

20.3
19.4
22.8
22.1
14.5

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

6.05
4.37
5.56
6.97
6.03

8,833
217
2,306
3,331
1,596

471
2,766
2,609
507
173

791
309
893
1,004
481

45.3
90.0
8.8
42.6
84.8

11.0
.0
15.2
6.6
20.1

22.4
6.6
7.5
25.7
48.7

93.0
100.0
98.3
93.0
98.4

9.1
51.6
7.2
7.4
13.6

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

4.62
4.05
4.63
5.07
6.07

12,626
558
2,541
5,677
1,663

527
345
914
623
345

550
260
364
680
453

59.4
93.4
68.2
46.6
85.8

15.6
1.3
24.4
17.5
15.0

18.2
20.2
4.3
26.5
26.3

90.2
95.9
97.2
87.3
96.0

19.7
29.2
9.2
30.5
18.7

49.5
96.6
51.6
43.7
44.4

42.4
2.1
20.4
27.5
62.7

43.4
3.8
33.7
33.2
65.4

84.9
86.1
61.5
82.4
93.1

7.7
9.6
6.6
10.1
6.0

86.8
76.9
57.9
32.7

7.4
9.4
15.7
18.2

69.1
72.9
44.9
21.8

83.9
90.5
90.9
72.9

7.0
8.6
12.6
16.0

93.6
74.5

11.6
13.7

Months
26. More than 365 days
27. Minimal risk
28. Low risk
29. Moderate risk
30. Other

6.33
4.24
6.09
5.72
7.23

4,712
165
212
1,938
1,896

336
521
134
285
838

Weightedaverage risk
rating3

Size of loan
($ thousands)

53
36
41
46
64
Weightedaverage
maturity/
repricing
interval2
Days

31.
32.
33.
34.

1 - 99
100 - 999
1,000 - 9,999
10,000+

6.90
6.37
5.59
4.83

3,082
10,968
16,268
23,934

3.3
3.2
3.2
2.7

158
124
125
213

Average size
($ thousands)

Base rate of loan7
35. Prime8
36. Other

6.33
4.88

22,667
31,586

... The number of loans was insufficient to provide a meaningful value.
Other footnotes appear on the last page.

3.3
2.8

186
151

64.4
43.5

10.2
18.5

198
644

E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 1-5, 2005

For immediate release
September 15, 2005

3. Commercial and industrial loans made by large domestic banks1
interval2

Maturity/repricing
and risk3 of loans

Weightedaverage
effective
loan rate4
(percent)

Percent of value of loans
Total value of
loans
($ millions)

Average
loan size
($ thousands)

Weightedaverage
maturity5

Secured by
collateral

Subject to
prepayment
penalty

Commitment status

Prime based

Percent
made under
commitment

Average
months
since loan
terms set6

Days
1. All C&I loans
2. Minimal risk
3. Low risk
4. Moderate risk
5. Other

5.32
3.99
4.76
5.44
6.42

47,971
2,055
7,625
20,868
9,431

517
2,557
1,720
719
276

692
245
562
726
865

47.6
57.7
33.8
38.7
74.3

16.4
1.3
23.0
13.2
19.9

39.2
27.0
12.2
36.7
60.9

82.4
63.3
84.3
76.2
95.2

13.8
27.5
11.3
18.4
11.2

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

5.88
4.64
4.70
6.02
6.43

14,824
152
1,036
5,247
3,830

254
352
620
298
201

681
702
683
744
714

61.4
54.2
53.8
60.1
78.1

11.1
8.0
15.7
5.6
3.8

77.4
50.0
47.8
83.1
79.9

92.0
91.2
89.3
93.4
92.8

8.5
12.3
12.4
9.5
7.6

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

4.62
3.90
4.20
4.59
6.48

9,615
1,123
1,883
5,676
774

1,080
10,324
1,268
1,648
263

363
122
324
405
418

24.9
33.4
14.0
16.3
90.0

14.9
.4
33.0
14.2
.1

19.1
32.0
9.8
13.0
52.2

44.9
34.1
45.7
38.6
94.1

22.9
19.4
26.1
25.7
15.9

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

6.06
4.35
5.54
7.03
5.91

7,626
212
2,263
2,972
1,421

560
3,341
3,893
713
194

871
313
896
1,081
502

37.2
91.2
7.4
36.2
83.4

12.3
.0
15.2
6.9
21.8

19.0
6.1
6.5
18.8
42.8

92.5
100.0
99.1
92.6
99.4

10.5
51.7
7.3
8.3
14.8

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

4.46
3.82
4.44
4.94
6.02

11,744
418
2,332
5,375
1,614

1,669
2,937
4,629
2,279
503

556
252
352
692
459

57.0
92.1
67.1
43.9
86.3

16.5
1.8
25.9
18.2
15.4

17.9
24.7
2.7
26.8
26.0

91.5
99.8
98.7
88.0
97.1

20.4
32.6
9.4
31.8
19.0

41.2
99.5
25.3
33.8
38.5

48.8
2.5
14.7
29.9
68.6

45.4
.5
39.5
34.3
69.2

89.9
99.8
95.5
82.5
95.6

8.7
9.7
8.6
12.3
6.3

86.4
73.7
55.5
30.8

10.9
11.2
16.4
18.7

73.3
74.6
43.0
22.1

91.2
94.1
91.1
72.1

7.8
9.8
13.2
16.6

95.5
73.9

13.0
14.5

Months
26. More than 365 days
27. Minimal risk
28. Low risk
29. Moderate risk
30. Other

6.14
3.91
5.41
5.31
7.23

3,873
137
102
1,555
1,712

1,368
4,030
576
1,295
2,101

Weightedaverage risk
rating3

Size of loan
($ thousands)

52
27
43
41
65
Weightedaverage
maturity/
repricing
interval2
Days

31.
32.
33.
34.

1 - 99
100 - 999
1,000 - 9,999
10,000+

6.47
6.17
5.54
4.81

1,764
7,918
14,986
23,302

3.5
3.4
3.2
2.7

43
76
122
218

Average size
($ thousands)

Base rate of loan7
35. Prime8
36. Other

6.19
4.77

18,799
29,172

... The number of loans was insufficient to provide a meaningful value.
Other footnotes appear on the last page.

3.3
2.8

202
131

59.9
39.8

11.6
19.6

278
1,159

E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 1-5, 2005

For immediate release
September 15, 2005

4. Commercial and industrial loans made by small domestic banks1
interval2

Maturity/repricing
and risk3 of loans

Weightedaverage
effective
loan rate4
(percent)

Percent of value of loans
Total value of
loans
($ millions)

Average
loan size
($ thousands)

Weightedaverage
maturity5

Secured by
collateral

Subject to
prepayment
penalty

Commitment status

Prime based

Percent
made under
commitment

Average
months
since loan
terms set6

Days
1. All C&I loans
2. Minimal risk
3. Low risk
4. Moderate risk
5. Other

6.71
5.20
6.90
6.89
6.94

6,282
224
905
2,571
1,255

89
99
114
79
85

645
603
566
785
627

87.5
85.2
77.8
87.5
83.7

4.4
3.2
5.9
6.5
3.8

61.6
20.1
67.2
68.5
83.3

83.3
78.5
68.7
88.5
84.9

4.5
17.1
6.1
5.3
3.3

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

6.73
6.10
6.67
6.68
6.81

2,474
50
282
1,082
698

86
103
124
85
86

498
525
395
638
466

79.6
57.7
70.7
80.8
74.5

2.2
14.1
.7
2.2
3.0

82.8
56.2
90.8
83.3
93.9

89.9
94.1
90.4
87.9
93.9

7.2
16.5
8.9
9.7
4.3

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

7.12
...
7.51
6.94
6.85

865
...
252
445
147

100
...
148
87
93

471
...
474
524
325

92.7
...
83.2
96.1
97.8

5.3
...
.0
10.0
1.1

93.5
...
99.7
87.6
100.0

77.3
...
52.3
97.9
62.0

2.8
...
1.3
3.5
1.8

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

5.94
...
6.52
6.50
6.99

1,208
...
44
358
176

234
...
145
149
92

305
...
721
385
313

96.7
...
77.4
95.3
96.2

2.8
...
16.1
4.3
6.5

43.7
...
54.6
82.7
96.4

96.0
...
59.3
96.5
90.4

.7
...
1.4
.3
2.4

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

6.80
4.73
6.71
7.41
7.81

882
140
209
302
49

52
95
92
45
30

476
283
496
456
282

91.1
97.1
81.4
94.2
66.8

3.6
.0
7.7
4.8
2.0

22.4
6.8
22.0
21.0
38.3

72.9
84.2
80.1
74.8
59.9

6.7
17.1
7.3
4.0
1.4

87.9
...
75.9
83.8
99.6

13.0
...
25.7
17.7
7.1

34.0
...
28.3
29.1
29.7

62.0
...
30.3
82.2
70.2

.8
...
.4
.7
1.1

87.4
85.4
86.3
...

2.7
4.9
7.0
...

63.3
68.6
67.8
...

74.2
81.3
88.9
...

5.8
5.0
4.9
...

84.3
81.6

4.2
5.0

Months
26. More than 365 days
27. Minimal risk
28. Low risk
29. Moderate risk
30. Other

7.24
...
6.71
7.38
7.22

839
...
110
384
184

75
...
79
69
127

Weightedaverage risk
rating3

Size of loan
($ thousands)

60
...
40
66
60
Weightedaverage
maturity/
repricing
interval2
Days

31.
32.
33.
34.

1 - 99
100 - 999
1,000 - 9,999
10,000+

7.47
6.88
6.23
...

1,319
3,050
1,281
...

3.0
2.9
3.2
...

307
245
157
...

Average size
($ thousands)

Base rate of loan7
35. Prime8
36. Other

7.00
6.24

3,868
2,414

... The number of loans was insufficient to provide a meaningful value.
Other footnotes appear on the last page.

3.1
2.7

110
392

86.5
89.1

3.5
5.7

82
101

E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 1-5, 2005

For immediate release
September 15, 2005

5. Commercial and industrial loans made by U.S. branches and agencies of foreign banks1
interval2

Maturity/repricing
and risk3 of loans

Weightedaverage
effective
loan rate4
(percent)

Percent of value of loans
Total value of
loans
($ millions)

Average
loan size
($ thousands)

Weightedaverage
maturity5

Secured by
collateral

Subject to
prepayment
penalty

Commitment status

Prime based

Percent
made under
commitment

Average
months
since loan
terms set6

Days
1. All C&I loans
2. Minimal risk
3. Low risk
4. Moderate risk
5. Other

4.75
4.08
4.16
4.24
5.46

29,808
1,878
4,040
11,048
9,949

4,788
5,767
4,053
4,657
4,962

187
596
280
113
78

16.4
13.1
5.4
29.2
11.5

42.4
.0
42.1
43.1
42.7

8.0
2.1
4.2
5.5
8.8

67.4
100.0
70.5
70.6
65.8

8.1
1.1
9.3
5.5
13.5

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

6.23
...
4.52
6.42
7.59

521
...
139
241
142

700
...
1,610
635
507

687
...
87
657
1,316

33.9
...
7.6
45.4
40.4

.1
...
.0
.3
.0

75.4
...
7.6
100.0
100.0

100.0
...
100.0
100.0
100.0

21.3
...
30.8
19.9
14.5

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

4.40
3.92
3.96
4.00
5.62

15,698
512
1,837
7,790
4,081

8,043
5,135
9,533
9,086
7,253

40
285
184
6
30

12.7
25.2
1.5
22.3
2.2

41.3
.0
52.2
40.4
22.1

1.8
.0
.0
2.9
1.4

53.4
100.0
47.4
70.3
37.4

7.2
1.0
14.1
2.5
22.4

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

4.38
...
4.12
4.47
4.48

7,996
...
1,352
1,858
3,963

5,292
...
3,988
3,728
7,812

129
...
403
111
58

18.0
...
8.6
48.7
10.3

59.9
...
40.7
55.1
73.3

4.0
...
3.1
3.0
5.6

73.5
...
84.3
55.1
80.4

9.9
...
2.8
12.8
13.1

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

5.63
4.22
4.69
5.05
7.14

4,643
853
709
1,160
1,761

2,489
5,346
1,904
1,818
2,741

537
1,140
351
735
162

27.6
13.5
8.3
40.9
33.5

29.4
.0
26.7
50.4
25.2

15.0
4.6
16.0
7.7
25.7

93.8
100.0
98.1
91.2
96.2

6.8
1.6
9.6
10.6
6.0

.0
...
...
...
...

.0
...
...
...
...

74.3
...
...
...
...

100.0
...
...
...
...

2.8
...
...
...
...

38.4
34.7
14.3
16.9

29.0
36.7
39.1
44.4

50.4
31.8
10.0
6.1

92.9
88.5
72.0
64.1

9.0
9.0
9.7
7.0

100.0
64.5

5.6
8.4

Months
26. More than 365 days
27. Minimal risk
28. Low risk
29. Moderate risk
30. Other

8.45
...
...
...
...

945
...
...
...
...

6,769
...
...
...
...

Weightedaverage risk
rating3

Size of loan
($ thousands)

45
...
...
...
...
Weightedaverage
maturity/
repricing
interval2
Days

31.
32.
33.
34.

1 - 99
100 - 999
1,000 - 9,999
10,000+

6.14
5.45
4.80
4.69

34
642
10,318
18,814

3.3
3.1
3.1
3.2

30
113
41
68

Average size
($ thousands)

Base rate of loan7
35. Prime8
36. Other

7.93
4.47

2,398
27,410

... The number of loans was insufficient to provide a meaningful value.
Other footnotes appear on the last page.

3.6
3.1

441
26

12.8
16.8

12.8
45.0

1,663
5,731

E.2 SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 1-5, 2005

For immediate release
September 15, 2005

6. Commercial and industrial loans by time that pricing terms were set and by commitment

Time pricing terms were set
and loan commitment status

Weightedaverage
effective
loan rate4
(percent)

Total value of
loans
($ millions)

Average
loan size
($ thousands)

Weightedaverage risk
rating3

Weightedaverage
maturity/
repricing
interval2
(days)

Percent of value of loans

Secured by
collateral

Subject to
prepayment
penalty

Prime based

All commercial banks
1. During survey week
2.
Not under commitment
3.
Informal commitment
4.
Formal commitment

5.22
4.62
4.76
6.86

38,690
19,227
9,608
9,856

623
704
375
1,080

3.0
3.1
3.0
2.9

138
61
48
374

26.7
21.6
22.4
41.0

26.8
39.8
14.5
13.3

17.8
7.6
17.4
38.2

Before survey week9
Up to 90 days
91 to 365 days
More than 365 days

5.14
5.38
5.14

11,520
14,630
19,164

331
308
767

3.1
3.0
3.1

190
94
96

54.2
56.4
43.7

19.6
16.1
30.4

45.0
44.5
33.6

Domestic banks
8. During survey week
9.
Not under commitment
10.
Informal commitment
11.
Formal commitment

5.84
4.70
6.85
7.03

18,816
9,505
2,204
7,107

320
365
92
814

2.9
2.7
3.1
3.2

223
118
181
375

39.4
22.6
89.6
46.2

10.6
6.2
7.3
17.4

31.6
15.3
63.8
43.4

Before survey week9
Up to 90 days
91 to 365 days
More than 365 days

5.02
5.42
5.37

9,350
12,229
13,801

273
264
581

3.1
3.0
3.0

212
101
112

59.3
63.4
55.0

13.6
14.7
22.5

50.1
48.4
44.0

Large domestic banks
15. During survey week
16.
Not under commitment
17.
Informal commitment
18.
Formal commitment

5.56
4.39
5.94
7.26

14,568
8,453
447
5,668

1,064
1,041
149
2,202

2.9
2.7
3.1
3.2

214
73
126
431

24.3
14.1
78.8
35.1

12.7
6.4
16.9
21.7

23.8
10.0
56.1
41.8

Before survey week9
Up to 90 days
91 to 365 days
More than 365 days

4.85
5.35
5.35

8,506
11,610
13,286

327
327
756

3.1
3.0
3.0

214
101
112

56.9
62.5
54.3

13.8
15.3
23.2

47.2
47.8
43.4

Small domestic banks
22. During survey week
23.
Not under commitment
24.
Informal commitment
26.
Formal commitment

6.79
7.21
7.08
6.13

4,247
1,052
1,758
1,438

94
59
84
234

3.0
2.8
3.1
3.2

252
480
195
154

91.2
91.0
92.3
90.0

3.4
4.8
4.9
.4

58.3
57.8
65.7
49.6

Before survey week9
Up to 90 days
91 to 365 days
More than 365 days

6.79
6.73
5.79

844
620
515

103
57
83

3.3
2.8
2.8

198
88
99

83.8
78.6
72.5

10.9
2.7
4.7

79.3
61.0
58.6

Foreign banks
29. During survey week
30.
Not under commitment
31.
Informal commitment
32.
Formal commitment

4.65
4.53
4.14
6.41

19,874
9,722
7,404
2,749

6,009
7,592
4,547
6,894

3.1
3.5
3.0
2.1

57
5
9
372

14.7
20.5
2.3
27.4

42.1
72.6
16.6
2.8

4.8
.0
3.6
24.9

Before survey week9
Up to 90 days
91 to 365 days
More than 365 days

5.63
5.22
4.55

2,170
2,401
5,363

3,886
2,176
4,270

3.0
3.1
3.5

92
61
54

32.2
21.1
14.4

45.6
23.5
50.8

23.2
24.3
6.7

5.
6.
7.

12.
13.
14.

19.
20.
21.

26.
27.
28.

33.
34.
35.

Summary statistics
Average reported prime rate
Standard error of loan rate4

All commercial
banks
6.29
.10

Domestic
banks
6.29
.14

... The number of loans was insufficient to provide a meaningful value.
Other footnotes appear on the last page.

Large domestic
banks
6.28
.14

Small domestic
banks
6.34
.12

Foreign
banks
6.25
.55

NOTES
The Survey of Terms of Business Lending collects data on gross loan extensions made during the first full
business week in the middle 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. 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 March 31, 2003, assets of the large banks were at least $3.7 billion. Median total assets for all
insured banks were approximately $93 million. Assets at all U.S. branches and agencies averaged $3.3
billion.
2. The "maturity/repricing" interval measures the period from the date the loan is made until it may be
repriced or it 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. Because of weekends and holidays, such
loans may have maturity/repricing intervals of more than one day; nevertheless, such loans appear in
the daily category and are not included in the 2 to 30 day category.
3. A complete description of the risk categories is available in the survey instructions, available at
"http://www.federalreserve.gov/boarddocs/reportforms/ReportDetail.cfm?WhichFormId=FR_2028a/s".
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 rows 1, 6, 11, 16, 21, 26, and 31–36 are not
rated for risk.
4. Effective (compounded) annual interest rates are calculated from the stated rate and other terms of the
loans and weighted by loan amount. For the standard error of the loan rate for all C&I loans in the
current survey (tables 1–5, line 1, column 1), see the summary statistics table. The chances are about
two out of three that the average rate shown will differ by less than this amount from the average rate
that would be found by a survey of the universe of banks.
5. Average maturities are weighted by loan amount and exclude loans with no stated maturities.
6. For loans made under formal commitments, the average time interval between the date on which the
loan pricing was set and the date on which the loan was made, weighted by the loan amount. For loans
under informal commitment, the time interval is zero.
7. Prime-based loans are based on the lending bank’s own prime rate, any other lender’s prime rate, a
combination of prime rates, or a publicly reported prime rate. Loans with "other" base rates include loan
rates expressed in terms of any other base rate (e.g., the federal funds rate or LIBOR) and loans for
which no base rate is used to determine the loan rate.
8. See the summary statistics table for the average reported prime rate weighted by dollar value of loans
priced relative to a prime rate.
9. For loans made under formal commitments.