Full text of E.2 Survey of Terms of Business Lending : April 1964

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F E D E R A L

R E S E R V E

s t a t i s t i c a l

r e l e a s e

•f«/U.RE^
E.2

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

April 1, 1964.

BANK RATES ON SHORT-TERM BUSINESS LOANS 1/
- March 1-15, 1964 and December 1-15, 1963

Interest rate
(Per cent per annum)

All sizes
March
Dec c
1964
1963

Less than 4-1/2%= ..........

1.3

0.3

48.5
4.5

51.6

Over 4-1/2 and less than 5%

Over 5 and less than 5-1/2%
5-1/2%.
Over 5-1/2 and less than 6%
6%
Over 6%.

......

7
12.3
3.4 ,
100.0

Total - Dollar amount*

2/

'

0.7

0.6

0.8

1.7
1.3

1.3
1.0

7.1
4.5

12.0 .
5.0
9.3
1.9

11.2
4.0
15.9
34'

11.8

47.6

3.4

100.0'

2,044,405 2 , 2 3 0 , 0 0 0

Total - Number of loans.... - 22,871
Weighted average: (
19 Cities
4.99
New York City
4.77
7 Northern and Eastern
5.02
11 Southern and Western
5.29
'
1/

3l;iOO0-9lO,OOO S10,00G-$100,000
March
Dec.
March
Dec 0
1964
- 1964
1963
1963

4.7

12.4
5.2
10.7

22,280
5.00 •
4.76
5.04
5.29

. 11.5

$100,000-4200,000
March
Dec.
1964
1963
1=1

0.7

22.0

7.9
4.6

'

•

7

*

3

size of loan
3200,000 and over
March
, Dec.
1964
1963

0.8

1.4'

24.3
7.2

0.3

60.9
4.3

63.1

9.8
.4.7

10.1

4.5

18.7
7-7
20.0
4.4

' 17.9
-6.7
19.9
4.8

21,5
7.6
14.2
4.4

19.7
7.6
13.5
3.5

27.1

14.3

49.6
15.3

9.7

.27.2
10.3

16.9
'5.0

17.6
' 5.8

'1.7

7.7
1.8

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

35,981

34,142

289,26% 289,503

195,468

197,375

1,523,689

1,708,980

9.579

9,169

1,561

1,586

2,068

2,238

5.83
5.66
5.82
5.91

.

2.6

14.9
3.2

9,663

9,287

:

5.86
5.63

5.53
5.39
5.54

5.54

5.22

5.85

5.55

5.97

5.62:

5.65

5.06
5,24
5.31

Based on reports by a sample of mainly large banks in 19 leading cities.
Federal Reserve Bulletin, March 1949, pp. 228-237.
Based on new loans and renewals for first 15 days of month. 1




2/

5.36

5.23
5.04
5.27
5.31

.

8.3
0.8

8.1 "

4.82
4.66
4.88
5.08

.

4.4
6.9
1.2

4,82
4.65
4.90
5.07

For a description of the survey, see
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'