Full text of E.2 Survey of Terms of Business Lending : April 1966

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E.2

A p r i l 1, 1966.

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
BANK RATES ON SHORT-TERM BUSINESS LOANS 1 /
March 1 - 1 5 , 1966 and December 1 - 1 5 , 1965 2/

Interest rate
( P e r c e n t p e r annum)

All sizes
Mar.
Dec.
1966
1965

Less t h a n 5%.. .

1.5

Over 5 and l e s s t h a n 5 - 1 / 2 %
5-1/2%.....
Over 5 - 1 / 2 and l e s s t h a n 6%.
6%

"...

Over 6%
Total per cent

_

31.8
6.5
• 36 .2
5.5

46.2
5.4

10.6

11.0

7.9
i

T o t a l - Dollar™ a m o u n t * . . .

100.0

1.9
2.2
14.9
4.8

8.2
3.5
12.7
4.4

6.0
5.7
19.0
10.2

12.9
8.6
19.2
6.7

15.0
8.4
2.3.1
. 9.8

22.0
9.6
17.5
6.0

36.4
6.5
39.5
4.5

52.3
4.7
8.4

5.0

41.4
34.0

47.0
22.3

31.0
27.3

29.6
17.4

23.4
18.9

19.1
13.1

7.0
4.5

7-9

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

38,924 38,096

348,751

339,787

259,020

263,064

1 0 , 5 4 4 10,280

11,113

10,992

2,055

2,098;

5.96
5.78
6.05

5.74
5.59
5.80
5.80

5.76
5.66
5.82
5.77

5.51
5.34
5.56
5.59

10.1
2.5

3,805,987 3,755,195

T o t a l - Number of l o a n s . . . .

27,135

Weighted average:
,
,19 C i t i e s
New York C i t y
7 N o r t h e r n and E a s t e r n „
11 S o u t h e r n and W e s t e r n

5.55
5.41
5.58
5.70

*
1/

19.8

P e r c e n t a g e 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 of l o a n
$1.000-$10.000
$ 1 0 , 0 0 0 - $ 1 0 0 . 0 0 0 $ 1 0 0 . 0 0 0 - $ 2 0 0 . 0 0 Q $ 2 0 0 . 0 0 0 and o v e r
Mar.
Dec
Mar.
Dec.
Mar .
Dec.
Mar.
Dec.
1966
1965
1966
1965
1966
1965
1966
1-965
0.8
1.9
0.8
5.6
12.7
1.6
22.2
U4

26,700

5.27
5 . 08
5.32
5.46

6.13
5.92

6.10
6.23

5.96
5.74
5.95
6.07

6 .01

1.8

2.J

3,159,292

3,114,248

3,423

3,330

5 .41
5.34
5.46
5.50

5.11
4.99
5.19
5.23

D o l l a r amounts i n t h o u s a n d s .
Based on r e p o r t s by a s a m p l e of m a i n l y l a r g e b a n k s „ i n 19 l e a d i n g c i t i e s . For a d e s c r i p t i o n of t h e s u r v e y , s e e F e d e r a l
Resferve B u l l e t i n , March 1 9 4 9 , p p . 228-237
2/
Based on new l o a n s and r e n e w a l s f o r f i r s t 15 d a y s of m o n t h .
N o t e : — P r i m e r a t e changed f r o m 4 - 1 / 2 t o , 5 p e r c e n t d u r i n g December s u r v e y and f r o m 5 t o 5 - 1 / 2 p e r c e n t d u r i n g March, s u r v e y .




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