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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

06
.

16
.

Over 5 and less than $-1/2%

i2.ii
3.6
7.1

9.5
3.1

2U
.

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, and over
,000
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^