FEDERAL RESERVE statistical release

E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 7-11, 2007
For immediate release
June 15, 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

7.07
5.74
6.95
6.97
8.15

82,291
6,434
21,318
30,856
13,477

553
1,714
1,556
544
319

685
163
1,220
430
591

45.2
12.2
54.8
35.6
65.7

31.7
62.6
34.5
29.5
21.7

25.5
4.6
12.3
29.7
39.7

78.3
73.9
84.5
67.2
88.5

9.1
1.6
3.3
11.6
17.2

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

7.90
6.62
7.55
7.80
8.83

22,055
455
2,639
11,046
3,961

255
445
356
334
153

586
340
607
465
765

58.6
63.5
56.3
53.1
74.4

7.6
10.2
5.7
3.4
5.6

70.5
48.3
75.0
66.0
81.7

88.6
75.2
83.0
89.4
94.6

9.0
8.6
9.9
8.4
10.5

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

5.98
5.54
5.94
6.04
7.14

21,083
3,994
5,462
9,412
1,200

1,893
18,414
3,912
2,016
327

129
5
91
193
201

6.9
.6
6.2
5.8
37.3

60.1
73.6
80.6
47.0
40.2

6.3
.3
5.8
6.2
25.6

53.5
85.1
57.6
35.2
38.3

7.0
.2
5.5
15.0
9.3

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

6.66
5.84
6.06
6.77
7.76

15,357
1,433
3,153
5,791
2,834

820
4,206
1,489
814
455

405
478
405
400
257

37.2
24.0
22.1
39.6
46.3

50.9
53.8
67.1
54.7
41.4

6.3
.6
2.5
4.4
10.6

74.7
45.9
87.1
61.9
90.5

10.7
2.3
4.6
13.3
17.0

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

7.46
5.85
7.62
6.78
8.12

19,189
458
9,785
2,868
3,855

1,234
380
6,424
615
1,270

1,415
398
2,197
495
412

72.4
14.7
91.5
48.3
73.7

14.9
58.1
6.6
27.1
22.4

7.1
6.1
1.5
9.4
18.8

95.7
66.6
99.6
89.2
96.8

9.4
6.5
.7
19.0
26.0

69.2
60.7
79.2
52.7
80.4

23.4
12.1
10.1
20.7
11.3

39.7
40.5
41.0
45.7
47.6

82.2
50.4
66.6
79.9
87.8

10.1
10.1
11.7
6.5
14.5

85.0
73.8
48.6
36.1

7.2
13.4
30.1
37.2

69.2
66.3
34.4
11.8

84.9
89.3
84.6
73.5

7.9
10.7
13.1
7.1

87.4
75.2

10.9
8.5

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

7.81
8.21
7.62
7.81
8.04

4,471
60
258
1,676
1,610

281
106
217
243
518

Weightedaverage risk
rating3

Size of loan
($ thousands)

50
47
66
50
49
Weightedaverage
maturity/
repricing
interval2
Days

31.
32.
33.
34.

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

8.58
8.10
7.21
6.73

2,989
9,591
19,055
50,656

3.3
3.2
3.1
2.5

154
152
144
71

Average size
($ thousands)

Base rate of loan7
35. Prime8
36. Other

8.39
6.61

20,982
61,309

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

3.2
2.6

126
92

65.7
38.1

9.6
39.2

212
1,229

E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 7-11, 2007

For immediate release
June 15, 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

7.36
6.16
6.99
7.14
8.20

43,851
1,638
4,974
20,692
9,792

304
466
394
376
238

579
248
613
507
617

50.0
37.3
47.5
35.3
77.4

13.3
12.3
9.9
10.7
8.2

42.1
17.5
48.4
35.4
50.2

76.2
33.6
71.1
69.5
94.2

14.7
10.0
13.3
14.4
20.1

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

7.80
6.93
7.52
7.63
8.73

19,314
350
2,443
9,195
3,392

227
356
343
281
133

570
280
571
471
638

55.1
81.5
56.4
44.4
74.9

8.4
13.3
4.8
4.0
5.4

68.8
62.8
76.2
60.3
84.4

87.0
67.8
81.6
87.3
93.9

9.8
8.8
10.0
9.9
10.8

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

6.19
5.58
6.05
6.12
8.66

8,106
635
1,171
5,410
398

802
3,599
1,012
1,274
116

283
14
330
318
325

11.3
2.9
13.1
6.2
80.5

21.4
2.7
22.5
19.4
1.5

14.7
2.1
26.5
9.5
67.6

36.5
6.1
33.8
31.1
90.2

24.5
14.8
43.3
28.0
8.6

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

7.14
6.18
6.58
7.29
7.39

5,859
324
707
2,622
1,478

338
1,303
385
399
249

427
782
537
410
340

53.6
58.8
56.6
42.1
66.6

13.8
.1
4.2
10.3
21.3

15.6
.4
7.0
9.6
19.5

76.1
43.4
88.2
63.0
96.9

17.4
7.8
6.4
19.3
24.2

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

7.43
5.96
6.79
6.94
8.02

6,065
235
383
1,798
2,915

414
206
298
409
1,016

440
207
835
432
290

68.1
25.1
54.8
53.8
83.3

11.9
55.2
14.6
12.9
4.4

20.8
11.8
21.4
13.5
24.8

90.8
34.9
91.3
94.0
97.0

25.2
16.8
11.5
22.1
32.6

69.2
60.7
82.5
50.6
81.4

21.8
12.1
7.4
17.2
10.8

40.5
40.5
42.7
47.7
47.7

82.1
50.4
65.2
79.0
88.3

10.3
10.1
12.2
6.8
14.5

85.2
76.6
58.7
26.1

7.0
11.1
15.4
14.0

69.3
68.6
47.3
21.9

84.8
89.1
87.9
61.0

7.9
10.5
15.0
18.8

85.7
69.4

11.9
17.3

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

7.82
8.21
7.68
7.82
8.06

4,370
60
247
1,604
1,592

275
106
209
233
513

Weightedaverage risk
rating3

Size of loan
($ thousands)

50
47
67
51
49
Weightedaverage
maturity/
repricing
interval2
Days

31.
32.
33.
34.

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

8.59
8.16
7.49
6.71

2,968
8,904
12,937
19,041

3.3
3.2
3.2
3.0

155
162
200
133

Average size
($ thousands)

Base rate of loan7
35. Prime8
36. Other

8.35
6.64

18,448
25,403

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

3.2
3.1

142
173

63.8
39.9

9.6
16.0

189
545

E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 7-11, 2007

For immediate release
June 15, 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

7.25
5.94
6.81
6.99
8.17

37,465
1,247
4,366
18,342
7,814

499
1,231
611
728
368

549
218
549
472
540

45.7
18.8
42.2
29.2
78.4

13.7
16.0
11.0
11.6
7.9

39.6
19.7
45.3
31.7
45.8

76.1
37.2
70.8
67.4
96.9

15.9
9.8
14.2
15.4
22.5

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

7.67
7.02
7.44
7.48
8.67

16,714
243
2,169
7,989
2,568

315
339
423
453
187

572
268
557
452
676

51.2
73.9
53.6
38.6
76.0

9.3
19.2
5.1
4.5
5.8

67.0
79.6
76.7
57.3
80.3

87.2
86.3
80.0
87.0
95.6

10.2
9.7
10.4
10.6
10.8

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

6.04
5.56
5.87
6.03
8.22

7,194
632
1,100
5,227
149

1,546
8,423
2,064
2,725
124

283
13
314
309
112

6.2
2.4
8.0
3.2
67.6

18.4
2.5
23.9
20.0
.4

9.9
1.8
21.8
6.7
23.9

30.5
5.6
34.6
29.5
99.2

30.1
15.6
44.4
29.3
15.9

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

7.10
5.62
6.42
7.21
7.44

4,980
139
649
2,370
1,144

442
2,056
659
657
272

415
802
544
414
236

51.3
4.7
54.4
38.0
73.7

14.7
.3
3.6
10.8
23.4

11.8
.0
2.3
4.3
14.1

76.6
99.0
87.1
59.7
97.0

17.8
7.9
6.7
19.7
26.8

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

7.36
5.87
6.55
6.74
8.00

5,314
196
316
1,570
2,731

1,761
1,746
1,209
1,789
2,168

468
202
968
450
294

67.7
15.8
47.4
50.7
83.8

12.7
66.3
17.3
14.3
4.4

19.3
9.7
12.5
9.9
25.5

93.5
29.1
92.7
95.3
97.8

27.2
10.4
12.4
23.8
34.4

60.5
6.7
68.6
34.3
76.7

25.9
27.3
16.5
21.1
6.4

40.2
88.8
18.1
53.1
51.4

91.4
97.9
94.1
81.4
97.3

12.2
12.3
15.6
8.9
17.1

85.9
73.0
56.8
25.8

11.6
13.1
16.3
12.4

70.5
69.6
45.4
22.7

90.4
93.0
90.4
60.1

8.9
11.7
15.7
19.2

86.9
69.0

13.0
18.3

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

7.79
7.38
6.99
7.87
8.19

3,207
25
110
1,172
1,216

1,160
869
594
1,128
1,659

Weightedaverage risk
rating3

Size of loan
($ thousands)

44
58
48
48
38
Weightedaverage
maturity/
repricing
interval2
Days

31.
32.
33.
34.

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

8.34
8.04
7.46
6.74

1,516
6,476
11,246
18,226

3.3
3.2
3.2
3.0

47
101
172
134

Average size
($ thousands)

Base rate of loan7
35. Prime8
36. Other

8.24
6.59

14,828
22,636

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

3.2
3.1

133
139

59.2
36.9

11.2
15.3

284
988

E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 7-11, 2007

For immediate release
June 15, 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

8.04
6.87
8.26
8.31
8.33

6,386
392
608
2,350
1,978

92
156
111
79
100

771
611
1,085
797
935

74.9
96.2
85.2
83.1
73.5

11.2
.3
2.5
3.0
9.5

56.7
10.4
70.7
64.3
67.4

77.1
21.9
73.5
85.7
83.5

8.1
11.0
7.0
8.1
8.7

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

8.60
6.73
8.19
8.60
8.92

2,600
107
275
1,206
824

81
401
138
80
70

555
373
705
610
513

80.0
98.6
78.9
82.9
71.4

2.2
.1
2.8
1.3
4.2

80.5
24.8
71.7
80.0
97.0

85.9
25.9
94.5
89.8
88.5

7.4
2.1
7.4
5.2
11.1

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

7.40
9.50
8.83
8.69
8.93

913
3
71
184
249

167
30
114
79
111

284
236
561
587
438

51.5
88.0
92.4
91.7
88.2

44.5
23.9
.0
3.2
2.1

52.4
72.8
98.8
89.5
93.7

84.0
100.0
21.2
75.4
84.8

8.5
5.0
14.7
13.8
3.5

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

7.39
6.60
8.31
8.09
7.21

879
186
57
252
334

145
1,024
67
85
194

509
108
478
371
683

66.9
99.1
81.3
80.3
42.3

8.9
.1
10.3
5.2
13.9

36.8
.6
60.2
59.2
37.7

73.4
2.0
99.9
93.9
96.4

14.8
1.4
4.1
17.1
15.4

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

7.93
6.37
7.92
8.33
8.30

751
40
67
228
183

65
38
66
65
114

237
239
221
304
226

71.4
71.1
89.5
75.1
76.0

6.5
.0
2.0
3.2
3.6

31.0
22.1
63.1
38.0
14.9

72.0
63.4
85.0
85.2
85.5

6.3
31.3
6.6
8.9
1.1

93.1
100.0
93.6
94.9
96.7

10.6
1.1
.1
6.5
25.1

41.1
5.2
62.4
32.9
35.9

56.5
15.9
42.2
72.5
59.1

1.9
.1
6.1
.5
.8

84.4
86.2
71.0
...

2.2
5.7
9.2
...

67.9
65.7
59.4
...

78.8
78.5
71.2
...

6.7
6.9
9.3
...

81.1
71.8

7.2
9.5

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

7.91
8.81
8.23
7.68
7.64

1,163
35
138
432
375

89
65
138
74
158

Weightedaverage risk
rating3

Size of loan
($ thousands)

67
39
83
59
85
Weightedaverage
maturity/
repricing
interval2
Days

31.
32.
33.
34.

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

8.84
8.46
7.69
...

1,452
2,428
1,691
...

3.3
3.2
3.2
...

269
325
384
...

Average size
($ thousands)

Base rate of loan7
35. Prime8
36. Other

8.80
7.04

3,619
2,767

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

3.3
2.9

180
454

82.4
65.0

3.1
21.8

80
117

E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 7-11, 2007

For immediate release
June 15, 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

6.73
5.59
6.94
6.63
8.03

38,441
4,796
16,344
10,164
3,685

8,567
20,398
15,375
6,297
3,303

797
140
1,379
282
524

39.7
3.6
57.1
36.2
34.6

52.6
79.8
41.9
67.8
57.5

6.6
.1
1.3
18.2
11.8

80.7
87.7
88.6
62.5
73.6

3.1
.4
.9
5.2
7.3

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

8.61
5.59
7.94
8.63
9.40

2,741
105
196
1,851
569

2,433
2,608
661
5,090
1,358

686
470
986
438
1,420

83.9
4.0
54.7
96.2
71.4

2.7
.0
16.2
.3
6.6

81.8
.0
60.1
94.5
65.7

99.8
100.0
100.0
99.9
99.4

4.1
8.1
8.4
2.0
8.7

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

5.86
5.53
5.90
5.94
6.39

12,977
3,359
4,290
4,002
801

12,645
83,117
17,964
9,418
3,537

35
3
30
28
142

4.1
.2
4.4
5.3
15.8

84.2
87.0
96.5
84.4
59.5

1.0
.0
.1
1.7
4.7

64.2
100.0
64.1
40.7
12.4

.7
.0
.1
1.5
11.7

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

6.36
5.74
5.91
6.35
8.16

9,498
1,109
2,446
3,169
1,356

6,780
12,072
8,684
5,841
4,557

393
439
375
392
172

27.1
13.9
12.1
37.6
24.1

73.7
69.5
85.2
91.3
63.2

.6
.6
1.2
.1
1.0

73.8
46.7
86.8
61.0
83.5

6.4
.8
4.0
8.1
7.8

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

7.47
5.75
7.65
6.50
8.43

13,125
223
9,401
1,070
940

14,521
3,569
39,368
3,989
5,686

1,860
577
2,252
601
795

74.4
3.8
93.0
39.2
44.0

16.2
61.3
6.2
50.9
78.3

.7
.0
.7
2.5
.1

98.0
100.0
100.0
81.1
96.3

2.6
2.8
.3
12.8
5.2

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

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

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

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

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

55.0
37.6
27.3
42.1

31.2
43.2
61.1
51.2

61.4
36.6
7.2
5.8

98.8
92.5
77.7
81.0

10.9
12.7
8.6
1.8

99.7
79.3

4.3
3.0

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+

7.94
7.33
6.64
6.74

22
687
6,118
31,614

2.9
3.0
3.0
2.2

14
20
26
35

Average size
($ thousands)

Base rate of loan7
35. Prime8
36. Other

8.67
6.59

2,535
35,906

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

3.1
2.3

8
35

79.7
36.8

9.3
55.7

2,158
10,839

E.2 SURVEY OF TERMS OF BUSINESS LENDING, MAY 7-11, 2007

For immediate release
June 15, 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

6.81
6.40
5.99
7.80

45,610
17,843
11,230
16,538

947
744
804
1,620

2.4
2.7
2.1
2.4

77
77
28
111

40.1
14.3
15.6
84.6

41.4
39.6
83.3
15.0

14.9
14.8
7.1
20.3

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

7.59
7.41
7.28

7,041
13,351
16,280

292
263
646

3.2
3.0
3.4

193
145
89

50.8
53.4
50.0

14.3
22.6
19.3

37.3
48.0
31.5

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

7.10
6.74
8.17
7.99

14,484
10,420
1,189
2,876

313
447
91
291

2.8
2.7
3.4
3.2

172
127
205
324

36.9
22.6
81.6
70.1

9.8
5.9
6.3
25.3

34.6
25.3
64.5
55.8

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

7.49
7.56
7.42

5,446
11,041
12,870

230
221
538

3.2
3.1
3.4

232
169
107

54.8
60.0
54.0

9.6
16.8
15.9

45.1
56.0
37.2

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

6.79
6.56
7.60
7.81

11,074
8,955
257
1,862

961
1,161
125
1,066

2.8
2.7
3.1
3.3

80
52
19
222

22.0
12.3
65.7
62.4

11.0
5.5
1.2
38.7

27.6
21.8
37.9
54.1

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

7.40
7.52
7.39

4,785
9,699
11,906

336
285
774

3.2
3.1
3.4

226
189
111

51.2
60.1
53.9

9.8
14.9
16.8

43.0
56.5
35.5

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

8.13
7.86
8.33
8.33

3,410
1,465
932
1,014

98
94
85
125

3.0
2.6
3.4
3.2

473
583
257
512

85.4
85.7
86.0
84.3

5.8
8.2
7.7
.7

57.3
46.8
71.9
59.0

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

8.13
7.89
7.84

661
1,342
964

70
84
113

3.2
3.2
3.4

275
25
56

81.2
59.1
55.1

8.3
31.2
4.5

60.2
52.1
58.1

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

6.67
5.93
5.74
7.76

31,126
7,423
10,041
13,662

15,985
10,747
10,718
42,741

2.3
2.7
1.9
2.3

33
7
7
66

41.6
2.7
7.8
87.6

56.2
87.0
92.4
12.8

5.8
.1
.3
12.8

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

7.96
6.69
6.76

1,595
2,310
3,410

3,808
2,702
2,693

3.2
2.7
3.1

58
30
24

37.2
22.1
34.9

30.4
49.9
32.2

10.7
9.8
10.1

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
.21

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
8.30
.17

Foreign
banks
8.26
.33

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.