Full text of E.2 Survey of Terms of Business Lending : July 1971
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"Or *> FEDERAL RESERVE s to t i s t i c a r e l e a s e Table 1 BANK RATES T)N SHORT-TERM BUSINESS LOANS 1/ May 1971 and F e b r u a r y 1971 "\.C# 1 (p^r^cenc per annum) 1971 Less than 5 . 5 0 5.50 5.51-5.99 6.00 6.01-6.49 6.59. 6.51-6.99 7.00 7.01-7.49 . 7.50 and•over T o t a l per c e n t T o t a l - D o l l a r amount* x Feb. 1971 1.2 May 1971 P e r c e n t a g e d i s t r i b u t i o n , ^ d o l l a r amount by s i $ 100.000-$499.999 $10,000- $99,999 Feb. May 1971 1971 1971 1971 Feb. 1971 0.9 0.9 0.2 2.1 , 0.2 2,4 2.6 9.0 3.1 7.3 6.0 3.7 4.8 2 .4 8.1 8.5 6.0 8.4 50.6 72.6 100.0 100.0 6.3 41.1 17.0 8.6 6.8 4.2 3.2 2.4 2.3 8.0 100.0 0.2 42.4 17 .4 7.7 6.5 5.6 4.5 14.6 100.0 3,288,885.. 3,047,996 28,137 19 9 7 1 17.915 6.887 fi.-nft 0.7 4.5 33.9 22.0 7.8 ,10.3 4.0 4.6 3.1 1.3 8.4 .... 1 0 0 . 0 8.6 54.2 16.2 7.7 3.7 2 .8 1.5 1.3 1.3 2.6 100.0 1.5 6.3 6.6 9.6 9.8 10.2 " ' 10.5 46.1 100.0 2.4 19.2 20.6 11.3 12.1 7.0 , 5.4 3.8 . 3.8 14.5 100.0 236,576 587,640 520,046 389,415 385,424 2,014,308 1,881,174 ft - 57(1 7 . 6 3 4 3.024 2.735 634 626 856 782 1.1 5.0 9.2 10.3 13.8 8.8 8,4 6.1 7.8 29.5 100.0 24,776 0.6 0.1 $500,000- $999,999 - | $1,000,000. and over Feb. May Feb. 1971 269,385 0.8 0.1 ' 19.5 18.6 12.3 11.2 7.1 7.8 22.8 100.0 0.1 31.7 25.5 10.8 5.2 5.4 . 5.2 15.3 100.0 0.2 55.9 17.0 5.5 5.1 4.5 2 .6 7.6 WEIGHTED AVERAGE RATES (per c e n t per annum) .35 c e n t e r s 6.00 6.58 7.47 8.05 ,6.94 7 .49 6.66 7.20 7.76 6.85 6.26 5.66 7.75 7.18 8.27 x " 7 .69 6.80 6.25 7.28 6.69 7.76 7.08 6.65 5.95 7.72 7.20 8.23. 7.67 •u 6.88 . 6.37 6.76 7.22 7.83 7.35 6.59 6.17 7.77 7.14 7.84 8.38 6.63 6.12 revised. 1/ Beginning F e b r u a r y 1971 t h e Ouai ^ t e r l y Surve y of I n t e r e s l C Rates on Business Loans was J u n e 1971 B u l l e t i n , t - .'Dollar amounts in t h o u s a n d s . r Revised, . 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 6.37 6.91 6.04 6 .64 5.76 , 100.0 6.35 6.18 5.56 6.35 5.82 6.57 6.13 6.97 6.22 " 7 .11 6.58 5 . 7 8 6 . 5 7 . 5 . 97 7.82 ' 6.25 6.55 6.05 6.69 6.12 7.00 6.54 6:25 5.87 6.63 6.19 6.82 6.33 6.10 • 6.32 r 716 • 6.43 6.77 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 pp. 4 6 8 - 4 7 7 of t h e f t 1 BANK "RATES ON REVOLVING CREDIT LOANS \ l May 1971 and F e b r u a r y 1971* (per cent per annum) Legs t h a n 5.50, 5.50 5.51-5.yy 6.00 6.01-6.49 C.50 6 .51-6.99 7 .00 7.01-7.49 7 .50 and o v e r Totper 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 $±.000-$9.999 $10.000-"$ 99.999 $ 100 .000-$499.999 r May ^F ~ e! b . May Feb. 1971' 1971 1971 1971 May 1971 "3.5 3.2 4.5 4.1 23.5 56.6 2.7 14.0 18.7 13.7 8.7 7.7 2.7 4.1 7.5 20.1 100.0 100,0 100.0 0.2 11.8 15.0 6.5 3.9 51.5 16.9 13.1 6.7 3.7 1.5 6.5 , 2.1 0.7 1.0 1 .4 cent T a 1 - D o l l a r amount* Tot<i 1 - Number of loans 100.0 100.0 1,126,070 I,156,684 1,494 1 ,-334 3.0 14.0 41.3 0.1 0.2 14.2 8.5 2.4 8.4 7.9 2.8 1.6 825 198 . 0.6 0.5 18.0 10.6 .13.3 10.4 9.5 4.6 32.6 100.0 16,490 15,262 447 402 5.1 43.9 14.9 16.8 2.4 3.9 2.1 2.1 2.5 6.4 100.0 89,039 $500.000-$999.999 8.6 18.0 100.0 73,919 319 9.7 50.2^ . 42.8 15.2 10.8 3.2 5.1 6.5 37 .1 13.8 15.4 4.3 9.3, 2 .3 I $ 1.000.000 and 3.6 1 .6 1.2 - 3.7 3.0 100.0 108,577 165 103 641 157 • 910,978 272 WEIGHTED AVERAGE RATES (per c e n t per annum) 5.74'^ 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 - 5 .74 5 .86 5.82 .6.29 6.05 5.66 r Beginning February 1971 the Q u a r t e r l y Survey J une 19 71 Bill l e t i n . - D o l l a r amounts in • Revised . thousands. 6.34 6.62 6.25 6.57 6.48 6.62 6.74 6.31 6.33 7 .62 6.65 6.24 6.81 7.11 7.51 6.52 7.06 6.65 6.77 6.88 8.53 6 .54 7.95 6.53 6.30 6.67 8.00 6.76 7.91 7.26 •6.89 7.03 r 8.24 6.42 X 7.15 I n t e r e s t Rates on Business Loans was r e v i s e d . 5.90 6.70 6.43 5.71 5.83 6.54 5.66 6.27 5.84 6.56 5.74 5.73 6.49 5.79 6 .66 7.22 6.18 • 6.28 6.46 7.63 6.61 6v65 5.85 r 6 .66 5.80 r 6 .41 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 5 .73 4 6 8 - 4 7 7 of t h e Table 3 BANK RATES ON LONG-TERM LOANS 1/ May *1971 and February 1971 Interest rate (per cent per annum) Less than 5.50 5.50 5.51-5.99 6 .00 6.01-6.49 6.50 6.51-6.99 7.00 7.01-7.49 7 .50 and- over Total per cent T o t a l - ' D o l l a r amount* Total Number of loans 35 May 1971 8.6 17.5 14.6 11.4 32.0 0.3 5.5 • 0.9 8.0 19 1 0.4 0.4 14.0 11.0 32.1 7.0 12.1 6.5 16.3 Percentage d i s t r i b u t i o n $1.000-$9.999 $10.000-$99.999 May 1971 1971 1971 2.5 2 .5 9.2 8.1 < 2.2 3.2 2.9 li 1.3 14.2 .2 . 2 13.8 2.8 53.6 % 0.9 66.3 2.3 3.1 8.3 11.5 6.8 11.8 2.5 10.7 3.6 39.6 4.9 15.8 5.8 12.8 4.6 48.0 100.0 100.0 100.0 100.0 100.0 100.0 427,195 246,155 688 551 10,266 624 147 114 262 T> 737 6.38 - 0.2 0.2 1971 1971 10.0 14.9 19.0 . 7.9 12.0 0.5 4.5 1.3 29.8 0.4 100.0 10,089 45,365 250 188 WEIGHTED AVERAGE RATES (per cent per annum) 6 .81 7,63 8.42 • 7 .27 . 7 ,58 6.35 6.81 5.65 7.08 -6 . 51 6.75 6.64 7.09 8.11 10.36 .7.44 7.97 6.49 6.92 7.44 . 7 .56 7.06 7.39 7.67 7.22 7.0,7 8.37 8.13 7.62 6.29 6/. 99 8.02 6.90 6.95 7.84 6.04 6.46 7 . 8 0 r 7.63 7.18 7.21 V Beginning February 1971 the Quarterly Survey of I n t e r e s t Rates , i Business Loans was r e v i s e d . June 1971 B u l l e t i n . * - Dollar amounts'in thousands. r - Revised. New York City 7 Other Northeast 8 North C e n t r a l . 7 Southeast 8 Southwest 4 West Coast d o l l a r amount by s $100.000-6499.999 .6.91 r* 4.3 30.6 6.5 14.1 2.5 34.1 100.0 36,202 7.32 $500.000-$999.999 May Feb. 1971 1971 $1.000.000 and , 5,0 14.3 25.1 16.9 9.4 4.4 2.3 9.2 1.2 8.0 17 .3 '13.8 12.2 38.4 100.0 36,897 56 3.0 2.9 4.2 13.9 35.7 1.7 14.4 4.5 19.7 100.0 29,131 6.22 6.53 .6.80 6.53 7.38 7.62 6.19 6.88 7.28 6.34 8.41 7.59 7.00 6.69 8.06 6.18 6.41 7.41 6.05 For d e s c r i p t i o n of revised s e r i e s 6.91 1971 5.0 0.8 3.3 100.0 333,979 6.24 6.56 6.29 6.80 6.27 7.52 6.41 6.50 6.82 1:11 6.81 5.99 see pp. 468-477 of the