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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. &