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

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E. 2

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

December 31, 1964.

BANK RATES ON SHORT-TERM BUSINESS- LOANS 1/
December 1-15, 1964 and September 1-15, 1964
Interest rate
- (Per cent per annum)

All sizes
Dec.
-Sept.
1964
1964

Less than 4-1/2%.
4-1/2%.,. .
Over 4 - 1 / 2 and less than 5%

6%

..
Total per cent

•Total - Dollar amount*.

0.7

0.5

0.8

0.8

' 0.9

0. 9

53.4
4. 3

1.4
0.6

li. 4
"%9 '

7.5
4.5

7.0
4.5

21.3
• 5.9

23.4
' 8 . 7 *'

9. 2
5.7
9.2
2. 3

9.7
5.4
9.4
2.1

10. 2
3.4
15.7
3.1

9.6
3.4
16.3
• 3.4

15.8
7.6
19.7
4.1

16.7
7.6
19.6
4.6

19.9

18.8

11. 2
3.3

11.3
3.1

49.9
15.0

- 49. 7
14.8

29. 2 .
10.8

100.0

100.0

100.0

100.0

38,957

37,315

326,198

325,711

237,875

227,505

2,204,195

10,688

9,730

10,388

10,678

1,893

1,848

2,633

5.85
5.59
5.84
5.96

5.86
5.64
5.88
5.95

5.56
5.35
5.58
5.67

5.57
5.40
5.56
5.67,

53.3
4.4

100.0

2,807,225 2,551,914

Total - Number of loans.... . '- 2 5 , 6 0 2
Weighted average:
19 Cities
New York City"
. 7 Northern and Eastern
11 Southern and Western

$1,'000-810,000
Dec.
Sept.
1964
1964

1.3

57,
'
Over 5 and less than 5-1/2%
5-1/2%. . .
Over 5-1/2 and less than 6%

Over 6%.

Ti

2/

11'a go -distribution of dollar amount by size of loan
Percentage
$10,000-$]00,000
$100,000-$200,000
$200,000, and over
Dec .
Sept.
De
Sept.
Dec.
Sept.
1964
1964
1964
1964
1964
1964

5.00
4.77
5.03
5.31

24,760
4.98
4.72
5.01
5.31

28.5
' 10.7
100.0

1.6

1.4

64.5
4.4

65:5
4.0

12.3
3.9

8.0
13.9
3.4

7.0
5.2
7.1
1.8

7.5
4.7
7.0
1.6

19.3 ^
8.5 .

16.5
6.4

6.9
1.5

100.0

100.0

8.0

100.0

5. 31
5.08
5.31
5.46

5.23
5.01
5.25
5.36

4.82
4,66
4.88
5.06

:

7.0
.1.3

100.0
1,961,383
2,504'
4.79
4. 61
4.86'
5.09

* v Dollar amounts in thousands.
—/
2.1

sed o n
1®..^

re
P o r t s by a sample of mainly large banks in 19 leading cities.
Reserve Bulletin, March 1949, pp. 228-237.
Based on new loans and renewals for first 15 days of month.




^

For a description of the survey, see Federal