View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

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^