FEDERAL RESERVE statistical release

E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 6-10, 2006
For immediate release
March 21, 2006

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

6.32
5.28
5.42
6.14
7.31

69,684
2,176
12,850
26,037
17,256

429
636
1,000
442
349

551
254
331
537
641

37.8
28.7
14.9
35.4
59.0

28.6
31.8
50.8
23.1
20.8

27.3
12.8
9.5
25.6
39.5

79.0
70.7
74.1
73.1
86.4

10.9
8.8
7.7
10.8
16.6

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

7.21
6.77
6.53
7.24
7.84

17,067
220
1,262
6,261
4,402

183
199
230
198
150

706
635
735
711
810

62.6
82.3
68.9
58.6
71.5

8.3
11.2
2.6
3.4
3.6

72.3
64.3
50.8
73.0
79.4

90.4
88.9
86.7
92.8
89.6

9.3
10.3
9.4
11.3
8.1

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

5.63
4.94
5.25
5.49
7.36

17,118
1,483
4,449
8,726
2,241

1,085
3,547
2,027
1,127
475

202
50
105
220
395

12.4
4.6
6.5
14.5
20.6

33.6
40.0
43.9
32.7
13.6

8.6
5.7
7.2
8.1
13.1

49.5
60.0
41.7
48.5
56.9

13.1
10.9
19.0
13.3
6.7

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

5.70
5.09
5.13
5.74
6.12

21,446
244
5,631
7,684
3,734

1,038
605
3,402
1,104
440

519
875
340
574
471

25.1
65.4
6.8
37.3
38.9

41.0
11.9
66.5
25.5
41.6

6.1
.5
1.5
6.7
11.0

85.7
95.4
92.8
79.6
82.5

6.3
1.0
4.0
8.8
8.1

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

6.83
6.22
6.03
6.44
7.28

9,439
194
1,220
1,750
4,952

518
173
549
270
1,384

459
337
435
618
232

64.8
94.1
23.1
48.2
85.4

21.8
18.6
59.0
28.9
11.1

16.0
19.8
5.7
12.5
22.2

91.3
97.4
89.1
82.4
97.4

21.7
7.6
4.6
8.6
34.2

41.7
93.9
30.0
33.1
44.7

42.5
33.6
28.0
28.5
54.8

52.0
45.4
33.9
41.5
79.0

89.7
86.4
91.0
88.3
92.5

9.9
3.0
7.8
12.6
8.9

84.1
73.9
46.0
19.6

8.0
11.4
24.4
37.3

72.9
67.4
31.8
10.2

84.5
91.6
89.0
69.6

8.2
9.8
12.2
10.6

92.3
74.0

11.5
10.5

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

7.52
6.94
6.55
6.99
8.45

4,415
27
284
1,551
1,862

365
77
223
297
806

Weightedaverage risk
rating3

Size of loan
($ thousands)

56
47
59
46
66
Weightedaverage
maturity/
repricing
interval2
Days

31.
32.
33.
34.

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

8.01
7.47
6.51
5.77

2,948
10,086
20,046
36,604

3.3
3.3
3.3
3.0

154
141
132
116

Average size
($ thousands)

Base rate of loan7
35. Prime8
36. Other

7.78
5.78

19,040
50,644

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

3.5
3.0

220
91

64.6
27.7

12.6
34.6

165
1,081

E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 6-10, 2006

For immediate release
March 21, 2006

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

6.69
5.38
5.77
6.45
7.66

46,208
1,685
5,790
18,790
12,638

291
510
469
326
261

656
187
498
657
772

50.4
25.1
26.1
41.5
74.8

15.1
25.7
18.0
12.1
12.9

40.0
16.4
20.7
34.1
53.1

80.4
62.7
66.9
75.3
93.5

14.6
12.5
17.1
12.7
19.7

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

7.24
6.75
6.90
7.22
7.84

16,151
213
963
6,059
4,273

174
195
178
193
147

690
603
783
699
788

62.4
84.9
60.4
58.1
72.0

8.5
11.6
3.4
3.4
3.7

73.9
66.5
65.7
72.3
80.0

89.9
88.5
82.5
92.5
89.3

9.5
10.3
12.4
11.3
8.0

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

5.62
4.99
5.35
5.61
7.97

9,479
1,253
2,218
5,415
521

630
3,089
1,069
733
116

317
56
171
324
1,515

17.7
3.1
12.9
15.5
88.7

19.8
31.3
23.1
18.0
.3

15.0
6.7
14.3
12.3
56.5

46.2
52.6
42.8
41.3
90.2

22.5
14.7
36.5
21.5
12.0

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

6.07
5.20
5.29
6.16
6.88

9,155
30
1,918
4,459
1,565

483
91
1,345
696
195

673
193
559
759
674

46.0
81.9
17.4
48.6
80.0

14.5
8.0
19.8
10.2
18.8

13.6
3.9
4.3
10.6
25.3

86.1
94.3
79.6
87.2
93.6

10.4
4.2
9.8
10.4
11.7

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

7.09
6.33
7.07
6.58
7.41

7,194
171
418
1,467
4,369

405
153
194
229
1,298

380
378
602
685
197

74.5
93.3
53.5
47.9
86.9

9.6
7.8
11.4
23.1
3.6

20.8
22.4
16.7
14.7
25.0

91.7
97.1
84.5
83.6
98.6

27.8
8.0
13.8
9.4
38.0

44.9
97.6
30.4
38.7
44.2

41.7
3.6
25.5
20.2
55.3

55.9
63.6
34.4
48.3
78.9

88.8
78.8
90.5
86.3
92.4

10.1
.4
7.7
13.5
8.9

84.2
76.2
55.3
28.5

7.9
10.3
17.8
16.6

73.0
69.3
40.9
19.6

84.4
92.0
92.7
64.4

8.2
9.7
14.1
19.8

92.1
72.5

11.6
17.1

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

7.69
7.96
6.59
7.23
8.46

4,037
18
270
1,324
1,845

337
50
214
255
804

Weightedaverage risk
rating3

Size of loan
($ thousands)

57
55
60
47
66
Weightedaverage
maturity/
repricing
interval2
Days

31.
32.
33.
34.

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

8.02
7.51
6.76
6.01

2,931
9,566
14,688
19,023

3.3
3.3
3.3
3.1

155
144
164
192

Average size
($ thousands)

Base rate of loan7
35. Prime8
36. Other

7.77
5.96

18,491
27,717

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

3.5
3.1

224
136

64.9
40.8

12.7
16.7

161
631

E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 6-10, 2006

For immediate release
March 21, 2006

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

6.51
5.14
5.47
6.27
7.61

40,377
1,509
5,096
16,610
10,438

486
2,251
1,190
652
380

628
146
461
635
729

45.8
17.8
18.6
36.7
72.3

15.9
27.6
18.6
12.1
13.7

36.9
11.7
15.4
30.0
50.4

79.6
58.9
64.4
73.7
95.3

15.5
13.5
19.3
13.5
21.2

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

7.09
6.36
6.60
7.07
7.72

13,846
163
751
5,089
3,480

257
405
377
321
228

714
603
897
707
848

59.7
84.9
54.6
53.2
72.5

9.3
15.0
4.1
3.5
3.3

72.5
56.9
59.8
70.5
76.6

89.4
85.1
78.0
92.6
88.9

9.8
10.2
14.6
11.7
8.1

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

5.48
4.97
5.17
5.53
7.82

9,050
1,246
2,096
5,254
391

1,029
11,339
1,770
1,336
128

247
55
165
311
282

14.1
2.9
8.4
13.2
86.4

20.7
31.5
24.4
18.5
.0

11.4
6.3
9.4
9.7
48.7

44.3
52.4
41.4
39.8
87.4

24.2
14.9
39.4
22.7
14.7

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

5.97
5.72
5.21
6.04
6.82

8,497
7
1,841
4,092
1,405

620
112
2,806
1,061
212

655
329
551
759
564

43.5
83.3
15.6
46.0
78.1

14.0
.0
19.0
9.5
17.9

11.4
5.0
4.0
7.6
21.9

86.1
81.1
78.9
86.3
97.8

11.0
5.8
10.0
11.3
12.4

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

6.90
5.22
6.26
6.24
7.35

5,603
87
237
1,125
3,543

1,844
1,233
719
1,505
2,539

391
403
795
748
178

70.7
94.4
23.5
43.6
84.6

8.7
.4
13.3
18.9
3.0

14.6
4.5
12.9
6.0
18.8

92.7
98.1
88.0
83.2
99.8

32.0
9.0
21.0
11.2
42.1

34.9
...
10.5
27.8
34.3

48.2
...
14.9
23.7
61.6

60.0
...
18.9
49.0
88.8

95.7
...
97.8
91.8
99.0

10.2
...
9.7
12.8
9.2

85.8
72.6
52.6
27.3

11.9
11.6
17.9
16.5

73.4
72.1
39.5
18.6

90.5
94.4
92.8
63.6

8.9
11.1
14.7
19.7

93.1
71.7

12.2
18.0

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

7.68
...
5.87
7.05
8.66

3,207
...
166
995
1,560

1,371
...
1,566
1,065
2,673

Weightedaverage risk
rating3

Size of loan
($ thousands)

54
...
44
43
65
Weightedaverage
maturity/
repricing
interval2
Days

31.
32.
33.
34.

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

7.68
7.34
6.69
5.97

1,563
6,997
13,305
18,511

3.5
3.3
3.3
3.1

44
81
153
191

Average size
($ thousands)

Base rate of loan7
35. Prime8
36. Other

7.66
5.84

14,889
25,488

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

3.5
3.0

244
102

61.0
36.8

14.2
16.9

247
1,116

E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 6-10, 2006

For immediate release
March 21, 2006

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

7.90
7.42
7.95
7.85
7.89

5,831
177
694
2,180
2,200

77
67
86
68
105

851
485
753
835
975

82.8
87.6
80.7
77.5
86.8

9.6
9.0
13.3
11.5
9.0

61.8
56.8
59.4
65.0
65.7

85.7
95.8
85.2
87.9
85.1

8.4
7.0
5.1
7.3
11.6

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

8.11
8.03
7.97
7.98
8.36

2,306
49
211
970
793

60
72
62
62
57

548
602
473
651
530

78.9
85.0
81.0
83.4
69.6

3.2
.0
.7
2.6
5.5

82.6
97.9
86.7
81.5
95.2

92.9
99.8
98.5
92.3
90.7

8.0
10.6
6.1
9.1
7.6

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

8.36
8.11
8.42
8.29
8.42

430
7
122
160
131

69
24
137
46
90

1,799
263
255
774
4,582

91.4
51.6
91.1
89.5
95.6

.4
.0
.0
.2
1.2

91.6
77.2
98.2
96.4
79.7

86.1
100.0
67.4
89.1
98.4

4.6
1.3
5.9
3.8
4.8

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

7.36
5.03
7.04
7.51
7.33

658
23
76
367
160

125
86
99
144
116

894
157
733
752
1,549

78.5
81.4
60.0
77.3
96.2

21.4
10.6
40.4
17.5
27.0

42.2
3.6
11.4
43.9
54.9

86.5
98.7
97.8
96.4
56.4

2.3
3.8
6.0
1.7
.9

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

7.78
7.48
8.12
7.70
7.63

1,591
84
181
342
826

108
80
99
60
419

338
352
385
479
277

88.1
92.2
92.8
62.2
96.6

12.9
15.4
8.8
36.7
6.1

42.6
41.0
21.8
43.1
51.3

87.9
96.1
80.0
85.2
93.6

12.1
7.1
3.4
3.6
18.9

83.6
96.8
62.2
71.6
98.9

16.4
4.7
42.4
9.8
20.8

39.8
82.0
59.3
46.2
24.4

62.0
73.2
78.9
69.6
56.6

9.8
.5
3.7
16.2
6.2

82.5
86.3
81.3
...

3.3
6.8
16.6
...

72.4
61.6
53.9
...

77.5
85.5
91.6
...

7.3
5.7
8.8
...

88.1
81.9

8.6
8.1

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

7.69
8.45
7.74
7.76
7.40

830
14
104
329
285

86
40
90
77
166

Weightedaverage risk
rating3

Size of loan
($ thousands)

67
51
82
57
72
Weightedaverage
maturity/
repricing
interval2
Days

31.
32.
33.
34.

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

8.40
7.97
7.49
...

1,367
2,569
1,383
...

3.2
3.2
3.5
...

280
312
264
...

Average size
($ thousands)

Base rate of loan7
35. Prime8
36. Other

8.23
7.36

3,601
2,229

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

3.4
3.3

141
518

80.7
86.1

6.4
14.7

66
106

E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 6-10, 2006

For immediate release
March 21, 2006

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

5.61
4.96
5.14
5.33
6.34

23,477
491
7,060
7,247
4,618

6,281
4,082
14,063
5,717
4,318

359
460
206
242
304

12.8
41.1
5.7
19.5
15.6

55.1
53.0
77.7
51.5
42.4

2.3
.3
.2
3.8
2.5

76.3
98.1
80.0
67.2
66.8

3.0
.7
1.3
4.9
4.5

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

6.78
...
5.36
8.02
7.89

916
...
300
202
128

1,237
...
4,119
830
944

969
...
619
1,286
1,487

65.5
...
96.4
74.4
55.7

5.1
...
.0
5.5
1.8

44.0
...
3.0
94.4
60.0

100.0
...
100.0
100.0
100.0

5.5
...
1.4
11.5
11.5

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

5.66
...
5.15
5.29
7.17

7,639
...
2,231
3,311
1,719

10,437
...
18,555
9,288
7,690

68
...
44
57
112

5.9
...
.0
12.9
.0

50.6
...
64.6
56.7
17.7

.6
...
.1
1.2
.0

53.5
...
40.6
60.3
46.9

2.1
...
.5
2.4
3.6

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

5.42
5.07
5.04
5.15
5.58

12,291
214
3,713
3,224
2,170

7,311
2,822
16,151
5,791
4,522

408
978
233
322
339

9.5
63.1
1.3
21.7
9.3

60.7
12.5
90.5
46.7
58.1

.4
.0
.0
1.2
.6

85.5
95.6
99.5
69.1
74.6

3.1
.5
1.7
6.0
4.8

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

5.98
...
5.48
5.71
6.36

2,245
...
802
282
582

4,906
...
12,076
3,569
2,761

709
...
357
275
497

33.7
...
7.2
49.4
74.2

60.7
...
83.8
59.4
67.3

.5
...
.0
.9
1.4

90.3
...
91.5
76.1
88.6

2.1
...
.2
3.8
2.9

7.5
...
...
...
...

51.2
...
...
...
...

10.5
...
...
...
...

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

8.2
...
...
...
...

60.4
31.5
20.4
9.9

26.5
31.6
42.5
59.6

57.8
32.6
6.9
.0

97.1
85.8
78.9
75.2

7.3
11.2
5.7
1.9

95.9
75.9

10.7
2.8

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

5.81
...
...
...
...

379
...
...
...
...

3,151
...
...
...
...

Weightedaverage risk
rating3

Size of loan
($ thousands)

42
...
...
...
...
Weightedaverage
maturity/
repricing
interval2
Days

31.
32.
33.
34.

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

7.07
6.66
5.83
5.51

17
520
5,358
17,581

2.8
3.3
3.2
2.8

53
83
46
35

Average size
($ thousands)

Base rate of loan7
35. Prime8
36. Other

8.05
5.55

550
22,927

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

3.2
2.9

88
37

54.4
11.8

8.7
56.2

684
7,814

E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 6-10, 2006

For immediate release
March 21, 2006

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

6.12
5.74
6.18
7.00

26,518
14,630
5,948
5,940

512
599
342
597

2.9
2.9
2.7
3.2

177
68
75
547

26.6
24.3
19.1
39.6

39.4
29.3
77.9
25.5

18.4
10.1
13.5
43.6

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

6.07
6.48
6.77

12,579
16,260
13,968

500
268
573

3.0
3.2
3.4

103
73
115

33.3
44.5
56.1

34.4
13.2
21.5

22.0
39.8
35.2

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

6.44
5.73
7.62
7.45

15,170
9,072
1,585
4,513

302
382
93
470

3.0
2.7
2.9
3.5

280
105
197
658

35.6
27.4
69.5
40.1

14.7
7.8
18.9
27.3

31.4
16.0
50.0
55.8

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

6.85
6.78
6.82

5,567
12,418
13,043

227
208
547

3.3
3.1
3.5

205
78
118

60.7
55.1
58.8

15.5
11.2
19.1

47.8
50.6
36.7

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

6.06
5.51
6.39
7.30

12,312
8,239
583
3,490

1,088
1,031
299
2,537

2.9
2.7
2.5
3.5

251
38
145
771

22.8
21.2
28.4
25.9

16.6
7.2
49.6
33.4

24.5
12.4
29.1
52.3

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

6.72
6.65
6.76

4,660
11,279
12,126

296
284
750

3.4
3.1
3.5

178
79
116

59.5
52.4
57.6

13.4
11.5
20.2

47.3
48.7
34.5

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

8.07
7.87
8.34
7.96

2,858
834
1,002
1,022

73
53
67
124

3.3
3.4
3.0
3.6

403
780
227
275

90.4
88.8
93.3
88.8

6.7
13.8
1.1
6.3

61.1
51.5
62.1
68.1

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

7.50
8.01
7.62

906
1,139
917

104
57
120

3.2
3.1
3.9

342
59
143

67.1
82.2
75.1

26.3
8.1
4.1

50.2
69.4
65.5

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

5.69
5.76
5.66
5.56

11,348
5,558
4,364
1,427

7,594
8,046
9,512
4,138

2.9
3.2
2.6
2.2

40
8
30
191

14.5
19.4
.8
37.9

72.3
64.5
99.3
19.8

.9
.4
.3
4.9

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

5.46
5.54
6.13

7,012
3,842
925

10,706
3,868
1,690

2.7
3.4
2.7

22
57
83

11.6
9.9
18.6

49.4
19.5
55.6

1.5
5.2
14.7

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
7.50
.13

Domestic
banks
7.52
.13

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

Large domestic
banks
7.50
.15

Small domestic
banks
7.57
.05

Foreign
banks
7.06
.11

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.