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E.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM' BANK RATE'S ON SHORT-TERM BUSINESS LOANS Decemb/er 1-15, I960 and September 1-35, I960 Interest rate (Per cent per annum). All sizes Dec. Sept, I960 1960 1.9 0.6 0.8 Over li-l/2 and less than #.2 5.2 51.6 1.5 6.5 0.6 1.6 Over 5 and less than $-1/2% i2.ii 3.6 7.1 9.5 3.1 2.U 10.7 ii.U 7.9 3.0 1U.6 5.2 7.2 2.7 13.9 5.U 9.6 3.6 10.5 3.5 L5.9 19.0 hr.5 20.3 11.0 100.0 100.0 100.0 100.0 37,623 37,320 299,532 5-1/2%..... Over 5-1/2 and less than'6% 6%. Over 6% Total Per cent Total - Dollar amount*.. 100.0 2,732,70b 2,657,790 0.6 7.2 k.k 16.0 7.9 20.9 5.9 25.9 21,295 2ii,9lii 10,222 10,100 9,915 Weighted average: 19 Cities New York City 7 Northern and Eastern „ 11 Southern ancf Western 1.99 1.77 1.97 5.33 U.97 k.7k 5.90 5.73 5.32 6.00 5.86 5.9k 5.73 5.90 6,ok 5.56 5U2 5.52 5.65 * Dollar amounts in thousands. 1/ Based on reports by a sample of mainly large banks in 19 leading cities f Federal Reserve Bulletin, March l?k9, pp. 228-237. 2, Based on new loans and renewals for first 1$ days of month. 2/ 0.7 Total - Number of loans, 1|.96 1/ Percentage distribution of dollar amount by size of loan S'l, QlTo^io, ooo ~ fao, ooo-^iooyoooj 3100, ooo-r^oo, 000 £200, ,000 and over Dee. Sept. Dec. Sent. Dec. Sept. Dec. 1960 1960 1960 I960 I960 I960 I960 0.9 Less than k-l/2%. January 3, 1961 7.2 5.1 0.8 .21.2 8.0 20.lt 7.3 19.1 7,h I5.k 3.3 26.9" 15.1 v d 11.1, 100.0 311,710 10,231 5.58 5.15 5.5k 5.68 6.1 100.0 0.9 21.8 6.5 18.1 8.9 15.0 hi7 16.2 iu8 100.0 0.9 i 65.6 5.2 11.3 1:1. 1.8 6.3 2.1 100.0 208,875 231,152 2,186,67k 1,699 5.21 1.99 5.19 5.36 1,920 2,459 5.21 1,82 k.66 L.83 5.12 5.00 5.21 5.3k For a description of the survey, see^