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3 4. E.2 BOARD OF GOVERNORS OF THE FEDERAL RESFRVF SYSTEM BANK RATES ON SHORT-TERM BUSINESS LOANS 1/ December 1-15, 1958 and September 1-1$, 19^8All sizes Dec. Sept. 1958 1958 Interest rate Less than 3-1/2^... c . 1.1 3-1/2% 0.3 0.1 Over 3-1/2 and less than h% Over U and less than ^i""l/2/0 4 Over h-1/2 51.2 6.3 h-1/2% 12.8, and less than 5% 5.8 8.7 Over 5 and less than 5-1/2% 2.0 Over 5-1/2 and less than 6% 5.0 o.5 Over &% 5.2 l.o 100,0 Total per cent Total- - Dollar amounts...., 2,770,723 i • Total - Number of loans..., 25,305 Percentage distribution of dollar amount by size of~loan ^ 1 , 0 0 0 ^ 1 0 , 0 0 0 If,10,ono-pioo,Qpn [^;l00,000^200,-000""1^200,000 and over Dec. Sept. Dec. Sept. Sept. Dec. Dec. 1958 1958 1958 1958 1958 1958 1958 0-5 36.8 h .9 23.3 5.6 8.5 0.1* 0.2 it* 2.1 1.1 2.8 9.2 1.5 7.0 1.3 j).o % ' U.l l.o 15,0 l.h 35.6. l.h 0.5 .0.6 0.2 0.1 0.7 b.3 2.9 1.0 0.1 o.5 18.5 2.6 1.6 8.U 7.5 1.9 16.7 9.7 25.3 9.7 15.7 8.7 13.L 5.3 0.7 0.8 3.8 * 19.1, 3.0 lh.h\ 0.9 36.5 1.h 10.0 21.9 5.6 12.5 6.6" I5.li 7.3 17.0 8.2 20.7 • 3.6 18.2 3.1 12.5 3.3 l.h 0.9 O.U 15.0 13.8 3.6 8.0 1.2 0.3 6.6 10.6 1.0 6.0 ' 0.1 61.1 6.2 , 11.9 5.0 5.6 1.h 3.3 0.1* 6.9 3.1 1.6 7.1 2.0 3.0 o.5 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 2,508,815 37,607 35,028 319,219 305,829 221,868 209,116 2,192,029 23,608 10,201 9,362 -10,563 10,08% 1,812 1,732 2,729 14-90 lu7l» It.90 li.99 1.68 li.52 li.66 U.ltf ll.28 It. 33 ii.63 1.36 it.59 Weighted average rate: •19 Cities L\50 1.21 5.19 5-lt5 5*06 New York City. U.29 U.00 5.38 5.19 U.9U 7 Northern and Eastern. ii.50 h. 21 5.L8 5.05 -XL Southern and Western b.79 h.% 5.12 5.55 Dollar amounts in thousands. ** Less than 0.05* per cent. 1/- Based on reports by a samnle of mainly large banks in 19 leading cities. Feueral Reserve Bulletin, March 19ii9, pp. 228-237. Note.—Prime rate increased from 3-1/2 to h per cent during September survey January ll), 1959 is a.79 1.1*2 1.18 For a descrlotion of the survey, see
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