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F E D

E R A

L

R E S E R V E

$ta tistical

release

January 4, 1962

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

E.2

BANK RATES ON SHORT-TERM BUSINESS LOANS l/
December 1-15, 1961 and September 1-15, 1961 2/

Interest rate
(Per cent per annum)
Less than 4-

All sizes
Sept.
Dec.'
1961
1961

Percentage distribution of dollar amount by size of loan
I $1,000-310,0001 $10,000-3100.OOOl $100.000-3200.OOOlI $200.i000 and ever
I
Sept.
Dec.
Sept.
Dec.
Sept.
Dec.
Sept.
Dec.
1961
1961
1961
1961
1961
1961
19Sl
1961
2.0
0.6
1.9
• 1.4
0.8
0.6
0.5
0.3

1.7

1.7

4-l/2^o
Over 4-1/2 and less than

53.4
6.4

49.7
6.1

- 0.7

Over 5 and less than 5-l/2
5-1/2^..
Over 5-1/2 and less than 6%,

11.0
4.8 V
7.8
1.9'

10.0
5.5
8.1
1.9

Over 6%

10.1
2.9
100.0

Total per cer^t
Total - Dollar amount*..

2,500,451

Total - Number of loans.

25,107

Weighted average:
19 Cities
* New York City
7 Northern a i Eastern
rd
11 Southern and Western

4.96

4.77
4.96
5.24

1.8

64.9
6.8 ;

18.4
7.5
14.3
4.6

17.6

12.6
.4.2

9-0
3.8
5-1 1
i.;c

16.8
5.3

14.5
5.8

6.3
1.2

11.5
1.1

100.0 ' 100.0

100.0

100*0

100.0

9.0
4.8

11.8
3-7
15.1
4.9

17.4
9.4
3.8
9.3
14.8
19.4
5.2 * 5.7

'16.1
9-7
19.3
5*5

14.0
3-0

44.9
16.5

46.0
17.0

24.9
10.4

100.0

100.0

100.0

100.0

2,440,195

4.99
4.75
5.05

5.26

24.3
10.8

8.8

.

8.6

39,492 39,086 305,321 315,692 217,048

213,889

10,258 10,433

1,742

1,766

5.52

5.21
5.04
5.22
5.31

24,889 10,740 10,366
5.84

5.66
5.82
5.94

5.87
5.65
5.86
5-97

• \ %

5.62

60.0
6.2

27.3

8.4
3.7

2.3
1.0

5.52
5.36
5.53
5.62

5.19

5.06
5.18
5.28

8.2
4.5 '
5-6
0.9

,938,59C) 1,871,528
2,324

2,367
4.78
,4.66
4.81
5.00

4.82
4.64
4.93
-5.04

*
Dollar amounts in thousands.
1/ Based on reports by a sample of mainly large banks in 19 leading cities. For a description of the survey, see
Federal Reserve Bulletin, March 1949, PP» 228-237•
2/ Based on new loans and renewals for first 15 days of month.




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