Full text of E.2 Survey of Terms of Business Lending : April 1959

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E.2--

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
i

BANK RATES ON SHORT-TERM BUSINESS LOANS

-April 9 S 1959

l/

March 1-1]?, 1959 and December 1-15 5 1958

Interest rate

Mar.
1959

Less than 1$.

:.....

,...

Over U and less than U-l/2%.
U-l/2%..........
Over U-l/2 and less than 5%.

5^...,
Over.5 and less thap 5-1/2%.
5—1/ 2% eeeeeeeeeeeeoeeooeoeo.
Over 5-1/2 and less than 6%.

6^..,......
Over 6%

..

J

Total Per cent.........

52.2
5.9

12.3

6.2

Dec*
1958

Percentage distribution of dollar amount bv mine nf l ^ n
$1,000-410 s OOP linn
nnn
a a a I$100,000-8200,000
^AA
iio,000=4100,000
$200,000 and over
Mar,
Deco
Mar*.
Dec.
Mar,
Dec.
Mar.
Dec.
1959
1958
1959
1958
1959
1958
1959
1958

1.5

0.U

0.6

51 o 2
6.3

1.7
1.3

.2.1

5.8

h.l

12.8

8.6

17.6

>%•

3.U
15.7,
1.U

6.0
0.6
5.1
loh

1.0

37. h

100.0

100.0

5.2

Total - Dollar amount*... <,_=>« 2>390,003 2,770,723

1.1
9.2
U.5

19.3
1
3.8

15.0
l.U

0.9

•1.0

. 1.1

6.9
5.h
15.U

7.5
U.9
' 16.7

2U.2

25.3
' 9.7

22.8

21.9
5.6
12.5

0.5,

10.0

5.2

12.0
1.3

10.1
-16.L
7.9

8.2

16.6

18.2

2.9
9.6

, 3.1

1.0

8.L

35.6
7ok

16.3
k.k

i5.o
3.6

7.8
2.5

100.0

100.0

100.0

100.0

100,0
190,386

35,213

17.0

8.0

0.9
6.9.

1.6

, 100.0

37,607 292*972

319,219

Total - Number of loans

23,130 '

25,305

9,L92

10,201 9,735

10,563

i,5UU

1,812

Weighted average rate:
19 C i t i e s ^ ,
New York City..........
7 Northern and Eastern.
11 Southern and Western

ii.29

L.51

U.50
ho2 9
U.50
1.79

5.53
5.30
5.5U

5.U9
5.38

5.06
It. 91*
5.05
5.12

h.lh
ii.56
lu71
lt.87

iu68
lt.52

U.U9

U.8U

5.62

1:8

5.09
W 3
5.06,
5.20

* Dollar amounts in thousands.
1/ Based on reports by a sample of mainly, large banks in
19 leading cities.
Federal Reserve Bulletin, March 19li9, pp. 228-237.




1.6

0.8

61.1

63.1
5.6

6.2

n

d

11.9
5.0

k.e

5.6
l.U
3.3
o.ii

0.8
koS

0.5

0.6

2.5

3.0
0.5

100.0

100.0

221,868 1,871,1*02 2,192,025

L66

h.79

2,729

2,359

lt.32
It.18
lt.35

U.60

It. 33
lt.18
U.36
lt.59

For a description of the survey, see