Full text of E.2 Survey of Terms of Business Lending : January 1974

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F E D E R A L

R E S E R V E

s t a t i s t i c a l

i it:

7S-

r e l e a s e

Table 1
Bank R a t e s on Short-Term B u s i n e s s L o a n s November , 1973 and August, ..J.973
Percentage d i s t r i b u t i o n o
$1.000-$9.999
$10.000-$99.999

Interest rate
(per c e n t per annum)
Aug. 1973
Less t h a n 9.75
9.75
9 . 7 6 - 9.99
10.00
10.01 - 10.49
10.50
1 0 . 5 1 - 10.99
11.00
1 1 . 0 1 - 11.49
11.50 and over

23.4
36.1 .
.9
6.9
. 12.5
2.7
5.9
1.3
3.4
• 6.8

Ttital per c e n t

100.0

80.8
3.0
2il

2.0
3.3
1.1
3.0

1.8
1.4
1.5

100.0

T o t a l - D o l l a r amount*

4,434,476

4,463,887

T o t a l - Number of l o a n s

18.857

18.930

Nov.1973 Aug.1973 Nov.1973
41.0
4.2
1.1
14.2
7.9
3.4
6. 6
3.1
5.0
13.4

70.4
4.9
2.6
6.4
6.0

100.0

100.0

100.0

23,898

24,117

269,223

263,516

5,7-22

8.371

8,372

5.661

1.8

3.7

1.2
1.4
1.6

29.0
7.0
.9
11.3
11.1
4.7
12.0
3.8
6.9
13.1

Aug.1973
64.4
5.8
3.4
7.4
1.9
4.6
1.5 .
1.8
3.3
100.0

J a n u a r y 2 2 , 1974

d o l l a r amount by s i z e of l o a n
$100,000-5499,999
$500.000-$999.999
Nov.1973

11.1

18.6
.4
10.8
17.3
5.1
13.4
1.7
7.8
13.7'

Aug.197
61.4
6.6 '
4.4
4.8
8.7

2.0

4.5
2.2
1.6
3.7

$ 1 . 0 0 0 . 0 0 0 and over

Aug. 1973 Nov. 1973
14.0
28.0

.6

8.5
21.4
4.1
11.3
1.9
4.0

6.0

75.5
4.0
1.9
3.5
4.9
2.5
4.3
1.0

.6

1.9

86.3
2.0
1.6
1.0
1.7

.1

2.4

1.8
1.4

1.0

100.0

100.0

100.0

585,977 •

554,975

493,057

488,966

3,062,321

795

805

1,093

10.18
10.01

9.31

9.95

9.14

9.20
9.72
9.28
9.02
9.18
9.33

9.83

9.03
9.22
9.21
9.48
9.03
9.17 ,

2,937

2,851

100.0

Aug. 1973

- 26.5
43.6
1.0
5.5
10.3
1.8
3.0
.9
2.2
5.2 100.0

100.0
3,132,313

1,180

WEIGHTED-AVERAGE RATES ( p e r c e n t per annum)
10.08
New York C i t y
7 Other N o r t h e a s t
8 North C e n t r a l
7 Southeast
8 Southwest
4 West Coast
1/

9.90
10.51
10.02
9.96
10.08
10.04
1971 t h e Q u a r t e r l y Survey of

Beginning February
June 1971 B u l l e t i n .
* " D o l l a r amounts in t h o u s a n d s .




9.24

9.80

8.95

10.14

9.25

10.28
.9.32
8.93
9.09
i o . q4
10.57
9.30
9.51
9.49
10.34
9.81
8.21,
9.02
9.24
9.02
9.82
8.85
9.07
9.25
9.58
10.09
9.16
9.10
9.18
9.91
10.269.25
10.23
9.67
, 9.48
I n t e r e s t R a t e s on Business Loans was r e v i s e d .

10.43

9.50

10.31
10.86 x
10.38
10.16

9.37
9.95
"9.44
9.23
9.34
9.46

10.58
,10.19
9.97
10.04
10.13

10.32

9.91
9.89
10.28
9.97
10.28
9.95
For d e s c r i p t i o n of r e v i s e d s e r i e s see p p . 468-477 of t h e

Table 2
Bank R a t e s on R e v o l v i n g C r e i J i t B u s i n e s s L o a n s N o v e m b e r , 1973 and A u g u s t , 1973

P e r c e n t a g e d i s t r i b u t i o n of d o l l a r amount by s i z e of l o a n
$1.000-$*.999
$10,000-$99.999
$100.000r$499.999
$500.000-$999.999

ceresl rate
c e n t p e r annum)
Nov.
Less than 9.75
9.75
9.76 - 9.99
10.00.
10.01 - 10.49
10.50
10.51 - 10.99
11.00
11.01 - 11.49
1 1 . 5 0 and o v e r

1973

10.1
15.0
3.0
8.4
1.4
3.4
6,4

T o t a l per cent
...ToLal " D o l l a r a m o u n t *

100.0
927,964

T o t a l - Number of l o a n s

Aug.

1973

A u g . 1 9 7 3 Nov-

81.3
4.2
.2
2.3
.
2.6
3.0
3.0'
.9
,4
1.6

10.7
14.4
2.9
' 7.3
7.1
2.6
19.5

100.0

1.00.0

1,185,486

,29.0
6.8

Nnv.
61.0
7.4

12.9
21.7

7.5
5.0
4.6
2.9
2.3
.8
11.1

12.5
10.9
11.9
11.9
6.2
4.1
14.1

7.3
5.7
2.8
4.2
3.5
3.5
4.5

100.0

100.0

100.0

17,683

23,640

577

826 '

167

475

J u n e 1971 B u l l e t i n .

9.22

10.09

9.48

10.18

9.46

10.30
10.09
10.22
9.22
10.74
9.92

9.25
9.72
9.44
8.90
9.72
9.00

9.84
10.36
9.96
9.11
10.46
10.09

8.97
9.90
9.55
9.57
8.78
9.36

10.09
10.69
10.17
9.54
10.19
10.21

9.11
9.98
9.34
9.41
9.34
9.51

Aug.1973

Aug..197^

1974

$ 1 , 0 0 0 . 0 0 0 and over
Nov.

1973

76.1
5.4

13.0
9.8
. 4.1
17.0
2.6.
1.9
10.5

3.4
5.8

8.2
16.6
1.9
6.3

100.0

roti.o

100.0

110,137

105,887

500

„r488 ~

Aug. 1973

8.3
49.3

100.0
x

66.6
6.0
1.2
' 3.7
5.8
• 2.4
4.9
3.3
2.5
3.3

14.3
26.9

18.1
10.6
. 6.7
12.8
3.4
2.8
11.2

603

10.13
N»w York C i t y
7 Other Northeast
8 North Central
7 Southeast
8 Sduthwest
4 West Coast

1971

22.6
5.8

12$

1,484

1971

WEIGHTED AVERAGE RATES ( p e r c e n t

* " D o l l a r amounts i n

January ^ 2 ,

109,179

3.1
1.7
1.2
3.3

100,698
, 1.54

83.9
3.8
.1
2.5
1.9
3.4
2.8.

.8

0.4

3.7
5.1

1.2

100.0

100.0

690,388
216

954,435
,

p e r annum)
10.20

9.34

10.23

9.32

10.11

9.19

10.33
9.18
10.21
9.34
10.31
9.25
10.55
10.35
10.32
10.30
10.00
9.59
9.70
9.17
10.55
9.42
10.24
9.48
9.83
9.39
9.75
7.48
10.05
9.14
11.22
9.54
10.72
10.11
10.64
9.64
10.16
9.28
10.04
9.10
9.8
8.95
F o r d e s c r i p t i o n of r e v i s e d s e r i e s s e e p p . 4 6 8 - 4 7 7 of t h e

thousands.




f

%

u

-

ill
Bank R a t e s on L o n g - T e r m B u s i n e s s Loans—^
N o v e m b e r ^ 1973 and A u g u s t , 1973

Interest rate
( p e r c e n t p e r annum)
Less than 9.75
9.75
9.76 - 9.99
10.00
10.01 - 10.49
10,50
10.51 - 10.99
11.00
11.01 - 11.49
1 1 . 5 0 and o v e r

13.8
16.9
1.5
5.4
6.3
1.8
11.3
1.1
18.3
23.6

Total per cent
Total

- D o l l a r amount*

T o t a l - Number of

100.0
316,002

loans

P e r c e n t a g e d i s t r i b u t i o n of d o l l a r amount by si -ze of l o a n
'$1 , 0 0 0 $ 4 , 9 9 9
1 $ lOi >, (;00-$1499,999
$ 1 0 , 0 0 0 -• $ 9 9 , 9 9 9
$500,000- $999,999
1
!
1
N o v . 1 9 7 3 A u g . 1 9 7 3 Nov. 1 9 7 3 1
Aug. 1973 N o v . 1 9 7 3 Aug. «197: Nov. 1973 Aug. 1973

All
Nov. 1 9 7 3

720

5

Aug.

t

1973

1
|
•

22.5
1.7
1.1
7.2
.3
10.6
7.8
6.2
.19.8
' 22.9

51.7
.6

1 100.0

33.5
5.7
19.8
4.8
14.6
5.3
3.1
1.9
2.9
8.2

100.0

;

|
|
i
;
,

100.0

r406 66

' &&

r 7 1 2 #

10. 7
10.1
3.4
2.7
7.9
4.4
8.6

753

655

1 " 148

153

j

50.6
7,1

21.6
12.9
.2
%

6.8
3.2
- 6.8
11.3
9.3
21.3

100.0
11,508
300

-

.

100.0
rl0,455
r283

,

10.68

1/

r9.85

10.36

1 1 . (*5
10.17
10.92
12.33
10.28
10.18

New Y o r k C i t y
7 Other N o r t h e a s t
8 North Central
7 Southeast
8Southwest
4 West C o a s t

9.96
9.87
9.70
v9.77
10.12
9.71

9.69
10.80
10.08
9.10
1 0 . 95,.
9.92

1

•

9; 43 ,
8.75
9.68
8.60
9.16
10.19
9.97

thousands.




—-

16.0
15.6
3.2
10.7.
2.3
5.9
13.4

8.8
6.9
1.5
2.1
6.3
2.3
9.5

100.0
32,205
153

100.0
r36,432

11.3
13.4
2.5
11.2
19.8
4.1
• 1.4
3.8
5.1
27.0

57.6
7.5
3.0
10.8
2.4

1974

$ 1 , 0 0 0 . " 6 0 0 and o v e r
Nov. 1 9 7 3
12.6
18.7
1.6
2.9
2.91.1
13.1

Aug. 1973
'
1
1

29.4
5.0
24.0
4.5
16.1
6.1
3.4
.7
-2.8
8.1

9.0
4.7
4.9

22.5
24.5

100.0

100.0

100.0

36,407 j

22,700

235,129
66

.

336,418
79

rl62

.

35

53

100.0

p e r annum)

10.45

r9.65

10.23

r9.64

10.92
. 10,32
10.40
1 0 . 98
10.22
10.29

9.69
9.79
. 9.54
r9.59
9.61
9.58

10.45
9.83
- 10.12
13,07
10.15
9.80

9.27
9.56
9.99
r 9 . 68
9.76
9,57

B e g i n n i n g F e b r u a r y 1971 t h e Q u a r t e r l y S u r v e y of I n t e r e s t R a t e s on B u s i n e s s L o a n s was r e v i s e d .
J u n e 1971 B u l l e t i n .
- D o l l a r amouhts i n

52.0
10.5-

—-

4.7
5.1
2.1
3.0
9.2
4.9
13.4

23.1
9.5

WEIGHTED AVERAGE RATES ( p e r c e n t
35 c e n t e r s

January 22,

10.54
:

9.48

10.78

9.94

10.60
9.94
10.25
15.73
10.59
10.73

9.63
8.68
10.00
11.25
9.71
9.25

11.12
10.29
11.16
10.96
10.21
10.15

10.03
10.24
9.63
9,37
10.40
9.80

-

F o r d e s c r i p t i o n of r e v i s e d s e r i e s s e e
'

pp. 468-477, of t h e
x

.