FEDERAL RESERVE statistical release

E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 5-9, 2007
For immediate release
March 13, 2007

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

6.82
5.40
6.29
6.66
8.38

82,857
8,179
12,647
39,356
13,858

563
2,650
1,040
781
294

524
179
409
559
587

31.2
14.0
22.2
24.0
62.9

27.2
62.6
45.3
18.7
17.7

22.4
4.9
13.0
17.7
42.2

77.4
73.1
67.4
75.6
88.4

10.2
4.4
8.9
10.0
15.5

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

7.54
7.00
7.56
7.19
8.53

21,005
485
1,522
10,543
4,351

236
419
245
359
139

550
820
847
418
623

53.0
62.7
68.0
38.4
79.8

8.1
40.0
11.6
3.5
4.6

57.0
45.3
57.7
43.2
77.8

91.7
94.5
89.2
94.9
87.4

10.7
5.4
13.5
11.1
11.3

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

6.16
5.09
5.97
6.00
9.98

25,763
6,173
5,197
11,598
2,281

2,810
18,659
3,447
3,004
1,007

209
3
81
304
597

7.5
5.7
6.4
6.1
21.1

42.4
66.6
69.0
24.5
14.0

9.5
.9
6.5
6.9
43.1

58.0
76.6
57.4
42.3
82.0

5.3
1.4
6.9
7.4
6.1

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

6.38
5.89
6.14
6.24
7.39

21,541
1,061
3,470
11,597
2,885

1,104
3,816
2,048
1,726
417

574
323
597
634
401

28.9
14.9
20.8
27.8
49.6

34.0
76.0
50.3
23.3
50.7

5.1
1.3
6.8
4.0
4.5

85.2
48.9
95.9
83.2
88.4

10.0
29.0
8.9
10.4
8.3

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

7.50
6.64
6.34
7.94
7.99

10,545
244
2,227
3,948
3,134

686
417
1,232
686
1,017

741
655
819
1,073
313

39.8
59.6
25.7
18.9
79.2

16.9
5.3
8.2
28.8
10.8

11.8
5.8
5.0
6.1
24.9

79.2
64.4
30.6
95.5
97.3

16.4
9.3
7.2
6.9
32.6

57.8
87.6
62.3
41.0
71.4

19.3
.3
8.4
17.5
11.5

45.6
67.9
41.0
55.1
46.2

80.3
27.3
82.5
86.8
80.4

15.7
8.2
9.6
16.9
15.6

81.4
71.9
44.9
14.8

8.6
13.2
23.5
32.4

69.3
66.3
31.6
7.3

84.1
90.2
86.3
71.0

8.1
9.8
12.9
9.3

92.0
73.2

11.8
9.6

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

7.83
7.32
7.37
7.73
8.17

3,762
139
194
1,612
1,159

298
291
228
396
403

Weightedaverage risk
rating3

Size of loan
($ thousands)

54
123
50
50
54
Weightedaverage
maturity/
repricing
interval2
Days

31.
32.
33.
34.

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

8.65
8.15
7.15
6.32

2,899
10,240
19,179
50,539

3.3
3.3
3.1
2.7

152
164
113
62

Average size
($ thousands)

Base rate of loan7
35. Prime8
36. Other

8.43
6.35

18,537
64,320

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

3.3
2.7

136
76

62.6
22.1

7.7
32.7

187
1,341

E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 5-9, 2007

For immediate release
March 13, 2007

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

7.03
5.12
6.54
6.89
8.17

54,161
3,257
7,130
26,754
10,388

379
1,136
624
553
225

604
259
599
593
643

40.9
28.8
29.8
28.0
78.1

10.2
16.0
11.8
6.2
9.1

31.2
12.2
20.8
24.5
48.2

75.4
47.0
59.3
75.3
90.4

14.1
16.9
16.1
12.6
19.0

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

7.51
7.42
7.45
7.14
8.51

20,210
269
1,369
10,257
4,210

230
252
225
353
136

527
431
829
399
616

52.3
75.6
67.1
37.3
79.5

7.5
5.3
12.6
3.6
4.6

57.0
80.8
55.0
42.5
77.7

91.4
90.1
87.9
94.8
86.9

10.7
8.9
14.0
10.9
11.3

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

5.88
4.43
6.20
6.02
8.06

12,723
2,281
1,816
7,849
638

1,535
7,374
1,372
2,241
303

336
5
232
385
1,050

12.7
14.7
15.1
6.6
65.5

10.3
10.2
17.9
6.7
24.3

11.4
2.5
18.7
9.3
39.0

37.4
36.8
39.6
33.8
74.9

13.3
8.2
27.9
11.0
13.6

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

6.62
6.01
6.41
6.47
7.41

9,462
375
1,830
4,571
1,530

541
1,952
1,353
814
232

654
226
727
680
546

44.2
33.9
29.1
40.0
78.6

16.5
70.4
14.1
8.4
22.2

10.1
3.8
12.9
7.0
8.6

91.2
81.7
97.7
87.5
98.3

16.0
48.9
13.7
18.3
12.1

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

7.80
6.74
6.25
8.88
8.07

7,858
177
1,885
2,407
2,815

529
311
1,077
437
954

661
197
545
1,332
228

45.1
80.9
14.0
25.1
81.6

5.0
5.8
2.7
4.2
4.6

15.2
8.0
3.8
10.0
27.8

74.1
50.7
18.2
97.5
98.3

21.8
15.8
12.6
9.0
35.3

58.3
87.6
62.3
41.0
72.1

19.2
.3
8.4
17.5
10.6

46.0
67.9
41.0
55.1
46.6

80.5
27.3
82.5
86.8
81.3

15.8
8.2
9.6
16.9
15.6

81.5
74.6
56.2
18.3

8.6
11.2
14.6
7.9

69.4
69.0
42.6
9.3

84.0
90.2
88.7
63.2

8.0
9.7
15.0
16.4

91.2
68.2

12.4
15.1

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

7.84
7.32
7.37
7.73
8.19

3,730
139
194
1,611
1,146

296
291
228
397
399

Weightedaverage risk
rating3

Size of loan
($ thousands)

54
123
50
50
53
Weightedaverage
maturity/
repricing
interval2
Days

31.
32.
33.
34.

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

8.66
8.21
7.42
6.29

2,883
9,537
13,356
28,385

3.3
3.3
3.2
2.8

152
174
150
98

Average size
($ thousands)

Base rate of loan7
35. Prime8
36. Other

8.32
6.45

16,901
37,260

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

3.3
2.9

149
118

66.2
29.5

8.0
11.1

172
837

E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 5-9, 2007

For immediate release
March 13, 2007

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

6.90
4.75
6.48
6.73
8.05

46,905
2,632
5,020
24,414
8,754

578
2,247
846
1,051
323

564
94
613
575
532

37.0
12.0
31.7
23.2
77.8

11.3
19.8
16.5
6.4
9.5

28.2
10.1
20.5
20.4
42.5

77.9
56.0
73.7
74.4
91.7

15.1
17.2
17.7
13.4
21.1

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

7.34
7.40
7.29
6.96
8.39

17,893
264
1,191
9,218
3,332

314
330
285
571
185

537
433
877
389
666

48.5
75.5
64.8
32.4
79.7

8.1
5.4
13.7
3.9
4.9

53.5
81.3
50.2
38.0
72.9

91.5
90.4
88.2
95.1
85.9

11.0
8.9
14.7
11.2
11.9

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

5.71
4.15
6.10
5.90
7.48

11,713
1,965
1,757
7,443
414

2,456
15,800
2,866
3,405
414

301
5
233
390
394

6.5
1.0
12.7
3.2
52.8

11.1
11.9
18.5
7.1
37.1

6.2
1.4
16.0
4.3
6.6

35.7
42.6
37.8
31.5
65.7

15.1
8.2
30.0
12.4
23.4

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

6.49
5.75
6.24
6.34
7.28

8,822
299
1,665
4,302
1,408

689
2,838
2,460
1,467
256

681
256
773
699
574

41.5
17.3
22.3
38.4
78.6

17.4
88.1
15.4
8.7
23.2

5.9
3.1
4.9
3.5
2.1

91.6
99.7
97.5
87.3
98.3

16.7
49.9
14.8
19.0
12.5

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

8.22
6.36
6.54
8.95
8.07

5,538
62
224
2,087
2,717

1,749
701
1,068
2,317
1,778

667
356
705
1,352
230

51.1
46.3
59.4
14.8
82.2

6.6
16.4
22.4
4.0
4.6

17.7
12.4
3.3
8.6
27.5

95.2
95.5
99.0
99.2
99.2

23.7
18.8
17.7
10.0
36.1

48.8
46.6
51.7
34.0
66.7

21.6
1.1
9.8
17.7
7.5

50.8
14.3
42.6
61.0
55.4

91.5
92.6
88.6
91.8
91.8

18.2
10.4
11.6
19.3
18.1

81.1
70.2
53.5
18.1

13.5
13.7
15.6
8.5

71.6
69.1
39.9
9.6

89.8
92.7
90.1
67.8

8.5
11.0
15.9
16.5

92.8
72.1

13.9
15.7

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

7.72
6.56
7.19
7.60
8.14

2,828
32
146
1,328
870

912
791
832
1,386
909

Weightedaverage risk
rating3

Size of loan
($ thousands)

41
45
45
44
36
Weightedaverage
maturity/
repricing
interval2
Days

31.
32.
33.
34.

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

8.39
8.03
7.36
6.31

1,615
6,808
12,157
26,324

3.4
3.3
3.2
2.9

53
97
135
82

Average size
($ thousands)

Base rate of loan7
35. Prime8
36. Other

8.18
6.40

13,242
33,663

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

3.4
2.9

148
76

62.7
27.0

9.4
12.0

233
1,384

E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 5-9, 2007

For immediate release
March 13, 2007

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

7.91
6.70
6.68
8.54
8.82

7,256
625
2,110
2,340
1,634

117
368
384
93
85

1,692
491
796
1,219

947

66.1
99.7
25.3
77.8
79.9

3.0
.0
.6
4.1
6.5

50.4
21.3
21.3
67.8
78.4

58.7
9.3
24.9
85.1
83.3

5.8
7.9
4.5
5.5
6.7

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

8.82
8.22
8.54
8.76
8.97

2,317
5
177
1,039
878

75
20
94
80
68

457
327
544
490
456

81.5
76.3
82.5
81.2
78.6

2.3
.0
5.3
1.4
3.4

84.0
57.5
87.4
81.8
95.8

90.9
76.1
86.4
92.2
90.7

8.6
12.7
8.6
8.4
9.1

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

7.85
6.20
9.12
8.21
9.14

1,010
316
59
406
225

287
1,708
83
309
203

909
201
213
297
2,215

84.5
99.9
84.3
70.1
88.7

.5
.0
.0
.8
.9

71.3
9.3
100.0
99.9
98.6

57.0
.6
94.0
75.9
91.9

.9
4.8
3.6
.5
.7

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

8.34
7.02
8.17
8.56
8.85

640
75
165
269
123

137
872
244
100
110

288
101
288
358
247

80.7
100.0
97.7
66.1
78.0

4.0
.0
.5
4.3
10.5

68.6
6.3
94.1
62.9
83.1

85.7
10.1
100.0
91.6
98.9

6.0
11.8
2.6
7.1
8.0

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

6.77
6.95
6.22
8.42
8.06

2,320
114
1,661
320
98

199
239
1,078
69
69

623
115
293
1,214
170

30.6
99.8
7.9
91.8
65.2

1.1
.0
.1
6.0
4.6

9.4
5.5
3.8
19.0
33.4

23.8
26.3
7.3
86.3
74.4

2.8
9.9
3.3
1.6
4.4

88.1
99.9
95.0
73.9
89.1

11.6
.0
3.9
16.6
20.2

31.0
84.0
35.9
27.8
19.1

46.0
7.7
63.6
63.5
48.1

.4
.1
1.1
.4
.4

82.1
85.5
83.0
20.8

2.3
4.7
4.7
.0

66.6
68.6
69.4
5.4

76.6
84.0
75.4
4.6

7.3
6.0
4.3
.0

85.3
31.6

6.5
3.8

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

8.19
7.54
7.92
8.31
8.35

902
107
48
283
276

95
244
70
91
144

Weightedaverage risk
rating3

Size of loan
($ thousands)

92
146
64
79
108
Weightedaverage
maturity/
repricing
interval2
Days

31.
32.
33.
34.

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

9.00
8.66
8.08
6.14

1,268
2,728
1,199
2,061

3.2
3.3
2.8
1.9

280
369
309
314

Average size
($ thousands)

Base rate of loan7
35. Prime8
36. Other

8.82
6.98

3,659
3,596

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

3.2
2.3

151
505

79.2
52.7

2.9
3.0

88
178

E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 5-9, 2007

For immediate release
March 13, 2007

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

6.40
5.58
5.97
6.17
9.01

28,697
4,922
5,517
12,602
3,470

6,609
22,575
7,538
6,134
3,835

382
132
235
490
355

12.7
4.2
12.2
15.5
17.4

59.2
93.5
88.5
44.9
43.5

5.7
.0
3.0
3.3
24.4

81.2
90.4
77.8
76.3
82.4

3.4
.1
1.8
4.5
4.0

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

8.23
6.48
8.52
9.00
9.04

796
215
154
286
141

908
2,419
1,036
853
464

1,081
1,203
973
1,198
801

71.0
46.6
76.3
78.0
88.5

24.0
83.2
2.4
.8
3.9

55.7
.9
81.7
71.0
80.5

100.0
100.0
100.0
100.0
100.0

10.1
1.4
10.1
15.6
12.2

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

6.44
...
5.84
5.96
10.72

13,040
...
3,381
3,749
1,642

14,847
...
18,352
10,434
10,486

79
...
5
138
5

2.5
...
1.8
5.0
3.9

73.7
...
96.4
61.6
9.9

7.7
...
.0
2.0
44.6

78.0
...
66.9
60.1
84.8

1.6
...
.3
3.0
3.6

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

6.19
5.83
5.83
6.09
7.36

12,079
686
1,639
7,026
1,354

5,927
7,976
4,809
6,373
4,425

514
376
458
604
238

16.9
4.5
11.5
19.9
17.0

47.7
79.1
90.8
33.0
82.8

1.2
.0
.0
2.0
.0

80.4
31.0
93.8
80.4
77.1

4.7
.3
3.3
4.8
2.9

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

6.65
...
6.81
6.49
7.25

2,687
...
342
1,541
318

5,118
...
5,868
6,194
2,469

924
...
1,108
709
1,112

24.4
...
89.8
9.4
58.4

51.7
...
38.2
67.1
65.0

1.6
...
11.8
.0
.0

94.1
...
99.0
92.4
88.0

4.2
...
1.7
3.3
6.0

...
...
...
...
...

...
...
...
...
...

...
...
...
...
...

...
...
...
...
...

...
...
...
...
...

58.1
36.3
18.9
10.3

25.5
41.3
43.8
63.8

59.4
29.8
6.3
4.7

98.3
90.2
80.7
81.0

12.5
11.6
7.5
2.1

100.0
80.0

6.9
3.2

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

...
...
...
...
...

...
...
...
...
...

...
...
...
...
...

Weightedaverage risk
rating3

Size of loan
($ thousands)

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

31.
32.
33.
34.

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

7.78
7.30
6.52
6.34

16
704
5,823
22,154

3.1
3.1
2.9
2.5

49
22
29
16

Average size
($ thousands)

Base rate of loan7
35. Prime8
36. Other

9.57
6.21

1,636
27,061

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

3.5
2.5

4
20

24.9
12.0

4.1
62.5

1,768
7,920

E.2 SURVEY OF TERMS OF BUSINESS LENDING, FEBRUARY 5-9, 2007

For immediate release
March 13, 2007

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

6.62
6.19
6.07
8.64

36,311
18,749
10,674
6,888

842
812
866
891

2.5
2.6
1.9
3.2

87
100
48
110

19.7
19.7
14.3
28.3

41.3
27.7
81.9
15.7

11.5
7.9
9.7
23.8

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

7.03
6.76
7.15

8,606
18,796
19,111

375
338
776

3.0
3.0
3.2

110
66
108

36.9
33.2
48.2

26.5
11.2
16.2

33.4
32.3
28.3

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

6.91
6.29
8.14
8.84

18,218
13,345
1,608
3,265

438
593
138
437

2.7
2.6
3.2
3.2

162
136
296
207

29.5
20.7
69.2
45.7

4.9
3.7
3.3
10.4

18.9
11.2
63.9
28.4

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

7.51
6.92
7.12

4,925
13,771
17,214

220
253
731

3.1
3.0
3.2

161
80
117

55.7
40.0
49.5

15.1
9.3
15.1

53.9
41.8
29.2

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

6.68
6.13
7.04
8.93

13,280
10,349
461
2,471

1,044
1,185
220
1,307

2.8
2.7
2.9
3.2

64
42
29
162

19.0
14.1
47.0
34.4

5.7
4.2
7.8
11.8

12.2
9.2
29.4
21.7

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

7.32
6.77
7.07

4,221
12,723
16,681

285
340
1,034

3.1
3.0
3.2

142
85
120

50.7
36.4
48.5

17.0
9.8
15.5

49.8
38.6
27.6

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

7.53
6.86
8.58
8.54

4,938
2,996
1,147
794

171
218
120
142

2.6
2.1
3.2
3.2

426
458
400
345

57.6
43.6
78.1
80.9

2.7
2.1
1.5
6.2

36.9
17.9
77.8
49.3

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

8.66
8.73
8.79

703
1,048
533

93
62
72

3.0
3.3
3.4

278
17
13

85.9
83.9
81.5

3.8
4.0
2.8

78.8
79.7
80.7

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

6.33
5.96
5.71
8.46

18,093
5,404
9,066
3,623

12,057
9,327
13,542
14,387

2.4
2.7
1.8
3.3

11
14
4
22

9.9
17.1
4.6
12.6

78.0
86.8
95.8
20.5

4.0
.0
.1
19.6

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

6.38
6.32
7.35

3,681
5,025
1,897

6,411
4,185
1,779

2.9
2.9
3.2

41
27
28

11.7
14.5
36.3

41.4
16.3
26.9

6.0
6.5
19.6

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
8.26
.19

Domestic
banks
8.26
.24

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

Large domestic
banks
8.25
.25

Small domestic
banks
8.31
.25

Foreign
banks
8.25
.27

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.