FEDERAL RESERVE statistical release

E.2

For Immediate Release
September 20, 2002

SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 5-9, 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

3.64
3.20
2.81
3.73
4.01

65,929
4,438
10,093
22,678
20,471

439
652
810
438
393

221
409
617
275

414

38.0
24.9
18.5
50.3
41.0

11.0
10.6
8.3
16.8
6.6

29.9
10.4
45.8
23.7
29.0

75.1
96.2
67.6
84.9
75.0

Foreign
Other
Fed Funds
Foreign
Foreign

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

4.35
2.85
2.85
4.74
5.35

12,071
500
2,913
4,637
3,202

236
443
661
216
153

665
319
419
1,018
519

52.4
51.6
14.1
65.0
61.5

18.6
70.5
12.3
21.2
15.2

10.5
20.7
13.6
7.8
12.5

73.7
75.7
37.8
90.5
88.3

Prime
Foreign
Fed Funds
Prime
Prime

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

3.43
3.69
2.56
3.64
3.50

22,835
916
3,348
5,943
8,440

467
487
2,145
456
465

251
201
262
479
110

30.8
15.6
7.9
41.7
37.0

12.1
11.2
1.9
30.4
5.3

35.2
26.2
72.2
26.7
20.2

63.5
99.2
72.7
70.3
58.9

Fed Funds
Other
Fed Funds
Prime
Fed Funds

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

3.13
2.58
2.72
3.14
3.68

11,013
2,287
1,233
2,980
3,099

688
1,521
734
759
482

250
29
433
371
193

25.0
7.4
37.5
28.6
33.2

10.6
0.0
18.1
18.0
5.1

25.7
0.7
31.1
25.5
38.9

83.3
99.9
90.6
85.6
77.5

Foreign
Other
Foreign
Foreign
Foreign

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

3.54
3.74
2.99
3.34
4.09

17,628
499
2,283
8,130
5,244

801
287
647
976
1,247

410
124
415
498
346

41.7
61.4
20.0
54.0
37.3

3.9
2.9
6.1
3.5
2.2

40.8
20.3
58.0
30.0
49.5

86.2
93.8
88.9
91.7
91.4

Foreign
Other
Foreign
Foreign
Foreign

65.1
96.5
83.3
66.8
62.3

9.0
0.3
15.1
5.7
22.9

17.6
0.0
34.2
27.8
9.0

68.8
97.8
36.2
85.1
71.4

Other
Other
Foreign
Other
Other

82.0
71.1
31.1
29.7

26.2
20.8
10.5
7.3

2.9
6.1
30.4
38.5

83.4
87.9
80.9
66.9

Prime
Prime
Foreign
Foreign

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

5.38
6.94
4.62
4.56
5.45

2,100
234
276
834
423

210
439
227
212
236

WeightedAverage Risk
Rating2

Size and base rate

55
71
63
48
55
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

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

5.79
5.00
3.63
3.08

2,647
9,230
21,713
32,339

3.4
3.4
3.0
3.2

110
119
89
40

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

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

5.16
2.54
3.00
3.25
3.85

15,814
11,456
7,201
22,461
8,996

3.3
3.3
2.9
3.2
2.7

39
8
22
64
256

70.5
9.0
9.1
37.7
41.9

20.3
5.9
27.1
4.4
4.7

1.4
32.8
63.7
46.6
7.4

88.8
57.5
40.8
86.3
72.7

146
4,949
2,911
2,528
314

E.2

For Immediate Release
September 20, 2002

SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 5-9, 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

3.92
3.30
2.88
3.90
4.88

44,238
4,004
7,492
18,182
9,970

305
593
635
359
201

243
508
752
525

596

48.0
26.3
23.4
55.5
65.0

15.6
11.8
11.1
19.4
12.5

15.0
3.6
35.9
11.4
15.5

82.2
95.8
64.3
84.6
86.1

Prime
Other
Foreign
Foreign
Prime

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

4.39
2.85
2.73
4.76
5.39

10,839
500
2,595
4,520
2,847

216
444
607
212
139

684
319
338
1,011
535

51.8
51.6
12.4
65.9
64.0

20.0
70.6
13.8
21.5
14.9

11.4
20.7
15.2
7.9
13.4

75.2
75.7
30.2
90.5
89.0

Prime
Foreign
Fed Funds
Prime
Prime

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

3.94
4.32
2.67
3.78
4.89

12,658
675
2,030
5,032
2,835

265
360
1,474
392
161

473
280
436
572
355

46.0
21.2
13.0
49.3
67.5

21.9
15.1
3.1
35.9
15.8

17.6
-58.1
18.5
3.7

81.6
99.0
84.2
71.5
82.7

Prime
Other
Fed Funds
Prime
Prime

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

3.16
2.58
2.76
3.15
4.65

7,272
2,191
1,122
1,853
1,136

489
1,481
699
511
196

368
29
477
545
513

29.8
7.7
41.1
31.4
62.8

12.0
0.0
19.9
14.9
11.0

9.0
0.7
27.0
9.2
9.7

92.5
99.9
89.7
91.9
88.8

Other
Other
Foreign
Foreign
Foreign

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

3.68
3.94
3.19
3.47
4.35

11,096
401
1,437
5,787
2,666

551
234
438
741
819

585
134
625
676
495

54.2
63.5
31.0
58.4
64.0

6.2
3.6
9.6
4.9
4.3

19.3
6.3
49.8
6.6
34.4

85.2
92.3
82.5
88.7
87.7

Foreign
Other
Foreign
Foreign
Foreign

65.1
96.5
83.3
66.8
62.3

9.0
0.3
15.1
5.7
22.9

17.6
0.0
34.2
27.8
9.0

68.8
97.8
36.2
85.1
71.4

Other
Other
Foreign
Other
Other

82.7
74.8
40.0
37.0

26.5
22.0
13.8
12.5

2.6
2.9
16.8
20.9

83.4
87.8
90.1
73.1

Prime
Prime
Prime
Foreign

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

5.38
6.94
4.62
4.56
5.45

2,100
234
276
834
423

210
439
227
212
236

WeightedAverage Risk
Rating2

Size and base rate

55
71
63
48
55
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

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

5.81
5.09
3.86
3.17

2,609
8,486
14,854
18,289

3.4
3.4
2.8
2.8

111
127
121
57

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

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

5.16
2.31
2.93
3.32
4.05

14,907
3,973
4,358
13,856
7,145

3.3
2.5
2.9
3.1
2.1

41
10
30
81
321

71.6
16.1
14.6
49.0
34.7

19.1
17.0
44.8
7.2
5.9

1.2
15.1
40.1
25.5
8.1

89.2
40.6
67.4
88.3
87.9

139
5,514
2,071
1,943
252

E.2

For Immediate Release
September 20, 2002

SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 5-9, 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

3.71
3.31
2.46
3.66
4.75

37,454
2,325
6,607
15,998
8,536

489
1,570
2,504
652
271

140
331
714
477

543

44.1
24.8
14.7
52.0
60.7

13.8
8.6
10.3
16.8
10.2

17.0
5.2
38.9
12.6
17.4

82.4
95.0
64.9
85.0
87.8

Foreign
Other
Foreign
Foreign
Prime

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

4.08
1.47
2.39
4.60
5.27

8,039
227
2,287
3,301
2,057

420
749
4,686
366
229

598
311
81
1,004
475

43.6
51.1
2.1
63.1
55.3

12.4
48.9
12.9
12.7
7.8

13.1
42.6
13.7
9.5
16.0

73.9
51.5
26.9
93.8
94.5

Prime
Fed Funds
Fed Funds
Prime
Prime

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

3.85
4.48
2.46
3.65
4.86

11,731
527
1,881
4,646
2,647

279
729
2,157
413
168

445
332
275
577
353

43.1
18.4
6.4
45.7
65.6

22.1
14.6
3.3
36.4
16.1

19.0
-62.7
20.0
3.9

80.5
98.9
83.1
69.3
82.2

Prime
Other
Fed Funds
Domestic
Prime

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

3.16
2.97
2.43
3.09
4.51

5,691
1,223
1,025
1,766
872

647
5,655
1,304
813
219

399
40
422
525
523

29.8
12.8
37.1
29.5
52.2

14.2
0.0
18.7
14.6
13.1

10.9
1.3
26.7
9.6
12.5

91.9
100.0
91.7
92.4
85.6

Foreign
Other
Foreign
Foreign
Foreign

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

3.49
3.88
2.65
3.32
4.29

10,432
336
1,227
5,584
2,582

3,006
1,622
3,159
5,108
1,871

576
119
585
661
492

52.3
60.6
22.6
57.3
63.2

5.5
3.2
10.3
4.2
3.8

20.3
2.5
58.1
6.9
35.3

86.5
99.9
87.4
89.1
88.6

Foreign
Other
Foreign
Foreign
Foreign

47.3
-71.2
56.7
50.2

3.2
--1.9
10.2

26.0
-58.3
36.4
10.2

76.3
-42.4
96.5
88.7

Other
-Foreign
Other
Other

79.8
68.6
38.3
37.1

26.9
17.6
13.8
11.4

1.2
2.4
20.0
21.0

90.8
93.6
90.2
72.9

Prime
Prime
Foreign
Foreign

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

4.32
-2.53
3.49
4.99

1,366
-156
622
316

749
-2,486
940
451

WeightedAverage Risk
Rating2

Size and base rate

43
-55
39
38
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

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

5.21
4.80
3.81
3.17

1,435
5,880
12,115
18,023

3.6
3.5
3.0
2.8

36
50
97
58

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

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

5.00
2.30
2.82
3.32
3.80

10,982
3,934
4,241
13,290
5,007

3.4
2.5
2.9
3.1
2.4

23
9
21
84
212

65.9
15.9
12.3
50.1
29.3

14.6
17.0
44.8
5.8
4.3

0.2
15.3
40.8
26.1
10.8

92.4
40.0
66.6
88.4
91.4

179
6,962
4,280
2,054
683

E.2

For Immediate Release
September 20, 2002

SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 5-9, 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

5.10
3.29
5.94
5.66
5.65

6,784
1,679
885
2,184
1,434

99
319
97
84
79

382
1,792
1,062
801

891

69.3
28.4
88.8
81.2
90.6

25.7
16.2
16.9
38.7
26.3

3.8
1.4
13.3
2.4
4.5

81.0
97.0
59.7
81.6
76.3

Prime
Other
Prime
Prime
Prime

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

5.25
3.99
5.30
5.20
5.70

2,801
274
308
1,219
791

90
332
81
99
69

937
326
2,246
1,033
679

75.2
52.0
88.7
73.4
86.7

41.8
88.5
20.7
45.4
33.5

6.7
2.5
26.7
3.7
6.6

79.0
95.7
54.8
81.4
74.7

Prime
Prime
Prime
Prime
Prime

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

5.09
3.74
5.37
5.32
5.29

927
148
150
386
188

161
129
296
245
103

786
120
2,397
509
385

83.1
31.0
96.0
92.2
94.4

19.2
17.1
0.5
30.1
10.8

0.2
---0.7

95.1
99.3
98.1
97.9
89.3

Prime
Other
Prime
Prime
Prime

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

3.13
2.08
6.25
4.53
5.11

1,581
968
97
86
264

260
766
119
60
146

263
16
1,042
952
483

29.7
1.3
83.5
68.9
97.7

4.0
0.0
32.4
21.5
3.7

2.1
0.0
31.0
0.5
0.2

95.0
99.8
68.0
81.8
99.7

Other
Other
Prime
Prime
Prime

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

6.63
4.26
6.35
7.57
6.22

663
64
210
203
84

40
43
73
30
45

735
214
855
1,077
589

84.4
78.7
80.3
89.9
87.8

16.0
5.8
5.7
21.9
19.4

3.5
25.9
0.8
0.1
5.1

63.9
52.1
53.8
76.3
61.3

Other
Other
Other
Other
Prime

98.2
100.0
99.1
96.3
97.9

19.7
0.3
34.6
16.9
60.4

2.0
-2.9
2.6
5.4

54.7
97.7
28.3
51.6
20.5

Other
Other
Prime
Other
Other

86.2
88.8
47.3
--

26.0
32.0
13.6
--

4.4
3.9
2.5
--

74.3
74.7
89.5
--

Prime
Prime
Other
--

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

7.34
7.04
7.34
7.70
6.82

734
225
120
212
107

90
434
104
65
98

WeightedAverage Risk
Rating2

Size and base rate

77
74
74
74
106
WeightedAverage
Maturity/
Repricing
Interval3
Days

31
32
33
34

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

6.55
5.73
4.05
--

1,174
2,605
2,739
--

3.1
3.2
1.9
--

203
304
228
--

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

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

5.60
3.32
6.95
3.11
4.63

3,924
39
117
566
2,138

3.1
2.9
2.5
2.4
1.7

91
89
346
24
574

87.6
29.3
98.9
23.0
47.3

31.8
25.5
44.1
40.0
9.7

3.8
0.1
12.6
10.1
1.8

80.3
99.3
97.4
86.8
79.7

86
248
105
858
102

E.2

For Immediate Release
September 20, 2002

SURVEY OF TERMS OF BUSINESS LENDING, AUGUST 5-9, 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

3.06
2.30
2.64
3.04
3.19

21,691
435
2,601
4,496
10,501

4,314
7,532
3,940
3,736
4,119

24
143
67
62

64

17.8
11.9
4.2
29.3
18.3

1.7
-0.0
6.1
0.9

60.3
72.9
74.2
73.7
41.8

60.5
100.0
77.1
85.9
64.5

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

4.00
-3.78
3.95
5.03

1,232
-318
117
355

1,525
-2,363
694
858

504
-1,025
1,277
386

58.1
-28.4
31.4
41.3

6.0
-0.2
9.3
17.7

2.3
-0.7
4.8
5.6

60.7
-99.8
90.7
83.2

Prime
-Prime
Foreign
Prime

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

2.78
-2.38
2.87
2.80

10,177
-1,318
910
5,606

8,468
-7,213
4,271
10,169

1
-1
2
1

11.9
---21.6

------

57.1
-94.0
72.4
28.5

41.0
-54.9
63.9
46.8

Fed Funds
-Fed Funds
Fed Funds
Fed Funds

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

3.07
-2.37
3.10
3.13

3,741
-111
1,127
1,963

3,256
-1,471
3,721
3,085

16
-20
21
15

15.7
-0.7
24.0
16.1

7.9
--23.3
1.7

58.1
-72.4
52.4
55.9

65.4
-99.4
75.3
71.0

Foreign
-Foreign
Foreign
Foreign

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

3.31
-2.65
3.03
3.81

6,532
-846
2,343
2,578

3,529
-3,407
4,512
2,717

113
-66
53
194

20.5
-1.3
43.2
9.7

0.0
---0.0

77.4
-72.0
87.8
65.1

88.0
-99.9
99.3
95.2

Foreign
-Foreign
Foreign
Foreign

------

------

------

------

------

31
29
21
17

31.3
29.5
11.8
20.1

6.6
6.3
3.4
0.6

22.4
43.0
60.1
61.3

85.5
88.6
60.9
58.8

Foreign
Foreign
Fed Funds
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+

4.44
3.95
3.13
2.97

37
744
6,859
14,050

3.8
3.6
3.3
3.8

Prime
Foreign
Fed Funds
Foreign
Average Size
($thousands)

Base rate6
35
36
37
38
39

Prime7
Fed funds
Other domestic
Foreign
Other

Footnotes appear on the last page.

5.24
2.66
3.10
3.15
3.11

908
7,484
2,843
8,605
1,851

3.3
3.8
-3.4
4.5

7
8
11
36
4

52.2
5.2
0.6
19.6
69.7

40.9
-----

4.4
42.3
100.0
80.7
4.5

82.3
66.4
0.0
83.1
13.9

873
4,694
7,682
4,904
6,876

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 4.79 percent for all banks, 4.75 percent for large domestic banks, 4.91
percent for small domestic banks, and 4.75 percent for U.S. branches and agencies of foreign banks.