Full text of E.2 Survey of Terms of Business Lending : July 1959
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ft. 2 BOARD OF GOVERNORS /)F THE FEDERAL RESERVE: SYSTEM BANK RATES ON SHORT-TERM BUSINESS LOANS Z6,j July 8, 1959 1/ June 1 - 1 5 , 19^9 and March 1 - 1 5 , 1959 I n t e r e s t rAte ' Less than h%. •».... Over ii and l e s s than h-l/2% L-l/2%.. Over i i - l / 2 and l e s s than % Over 5 and l e s s tHin 5-1/2% 5-1/2%-; Over 5 - 1 / 2 and l e s s than 6% Over 6%, Total Per-cent Total - Dollar amount*..... All sizes June Mar. 1959 1959 1.0 1.0 0.& Percentage d i s t r i b u t i o n of d o l l a r amount by, s i z e o*f loan $1,000-410,000 $10,000-4100,000 Hoo g ooo»l2f)a g ooo $200,000 and June Mar 0 June Mar. June June Mar» 19g9 1959 1959 1959 1959 1959 1959 % 0.8 O.li 0.14. O.li 0.5 0.9 52.2 0.7 0.3 1.7 1.3 0.7 6.9 ii.l 9.6 7.9 5oU 3.2 8.6 OoU i5oit 9.8 1.2 0.8 2L.8 17.6 3.L 15.7 1.L 2U.8 10.it 19.9 3.1 22.8 5.2 18.2 56.r 6.5 12:3 13.it 7.9 6.2 ho3 6.0 1.6 o.? 0.6 Ut.9 il.O 1,8.7 3.0 5.0. 5.1 i.ii liOoO 10.5 37. h 100.0 100.0 100.0 38,767 35,213 8.1 6,0 1.2 100.0 3,233,202 2,390,003 T o t a l » Number of l o a n s . . . . 26,325 Weighted average r a t e : 19 C i t i e s . . New York C i t y . . . . . . . . . 7 Northern and E a s t e r n U Southern and Western lt.87 It.71 li.90 5.07 : 8.U 12.0 1.3 it. 6 16.3 ii.ii 100.0 100.0 312,889 292,972 2ii,3 9.0 lii.il 1.7 100.0 237,256 10,195 9,U92 11,218 9,735 1,9L3 li.5l It.29 lt.lt9 ii.au 5.68 5.53 • 5;30 5.51 5.62 5.33 ' 5.21* 5.33 5.37.. 5.09 U.93 5.06 It.97 5.06 5.13 l-M 5.7li 5.06 5.20 0.8 | 2k.2 10.1 l6.ii 7.9 1.0 0.6 66.1 6.0 63a 5.6 i I n d i 16.6 10.9 5.1 5.9 lt.6 | 2.9 9.6 1.0 7.8 2.5 23,130 , * D o l l a r amounts i n t h o u s a n d s . l / Based on r e p o r t s by a sample of mainly l a r g e banks i n 19 l e a d i n g c i t i e s . F e d e r a l Reserve B u l l e t i n , March 19ii9, pp. 228-237. Note.—Prime r a t e i n c r e a s e d from ii t o U - l / 2 p e r cent May 18 0 10; 5 lol 1.0 100.0 0.8 I 0.6 2.2 0.5 ' 100.0 . 0:! 1 100.0 I 190,386 2 , 6 l i i , 2 9 0 l,871,h02{ i,5UU h.7k lt.56 It.71. It. 87 2,969 2.359 1 It.72 lt.6l It.78 It.87 lt.32 It.18 It.35 It.60 For a d e s c r i p t i o n of t h e survey 8 see " ! I