Full text of E.2 Survey of Terms of Business Lending : June 1973
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/ibt - .•'o* COW* •. 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 r e l e a s e F-Pf June 18, 1973 Bank Rates on Short-Term Business Loans May 1973 - February 1973 Interest rate (per cent per annum) All $1,000May 1973 Less than 6.75 2.6 74.2 6.75 6.76 - 6.99 27.5 0.8 22.4 *15.1 5.2 7.9 2.9 4.1 11.4 2.1 5.8 4.0 2v9 2.2 2.6 1.0 ' 4.0 100.0 100.0 i 8-00 8.01 - 8.49 v 8.50 and over-i^Xv Total per cent Total"- Dollar amount* 4,151,300 Total - Number of loans V r 3,739,636 19-921 Percentage distribution oi: dollar amount by size of loan $10,000- $99,999 $100.000-$499.999 $500.000-$994.999 May Feb. . May May 1973 ' 1973 1973 1973 1973 1973 1973 $1,000,000 and over 6.7 17.3 3.5 25.7 2.5 50.6' 3.3 68.1 2.6 2.2 0.7 5.4 5.3 8.9„ 13.4 12.9 13.4 31.0 2.0 1.4 10.1 7.8 10.1 9.9 14.3 10.6 16.6 3.7 0.8 8.2 12.5 11.0 18.4 . 9.3 11.7 21.0 4.3 4.4 12.6 10.9 8.9 9.2 9.4 5.3 9.3 12.7 0.7 12.9 18.9 9.8 14.2 5.6 7.6 15.2 4.3 5.2 9.6 8.6 5.5 4.0 , 4.9 . 1.8 5.4 22.5 0.1 18.0 21.4 5.5 9.3 3.6 34 2 100.0 100.0 100.0 26,143 6.204 100.0 . r25,335 . 278,803, r 262,432 ' r 6.031 8.818 r 8.382 100.0 . 100.0 611,468 3.123 r543,898 r 2.808 . 3.5 2.5 2.8 100.0 . 739 1.4 2.4 '9.3 3.1 100.0 4.8 11.1 459,509 86.2 100.0 100.0 r428,635 r 2,775,377. r , 2) 47.9, : 701 WEIGHTED AVERAGE RATES (per cent per annum) 35 centers 7.35 1/ 8.05 1. 63 7,85 7.29 7.61 6.83 7,34 7.04 7.71 7.45 7.37 7.33 7.25 - r New York City 7 Other Northeast 8 North Central 7 Southeast* 8 Southwest 4 West Coast 6.52 6.22 ' 6.89 6.45 6.76 . 6.63 6.50 8.05 8.36 7.72 6.03 7.9a 8.31 7.39 " 8.00 7.26 7.73 7.48 7.76 8.08 7.70 7.80 7.74 7.98 7.08 7.53 ,7.16 7:33 7.16 r 7.37 7.38 7.89 7.57 7.53 7.48 7.71 •6.59 7.04 6.83 6.89 6.72 6.82 7.14 7.77 7.32 7.11 7.28 7.27 Beginning February 1971 the Quarterly Survey of Interest Rates oh Business Loans was revised. " June 1971 Bulletin. * - Dollar amounts in thousands. r - Revised. - 6.52 6.33 " 6.93 6.35 6.65 6.53 r , 6.41 7.19 6.97 7.52 7.41 7.16 7.08 7.06 6i-30 6.65 " r 6.34 For description of revised series see pp. 468-477 of the //!• lab 1 ey,i ,, Bank Rates .on Revolving1 Credit Business Loans —^ May 1973 and February 1973 Interest rate (per cent per annum) Less than 6.75 6.75 6.76 - 6.99 7.00 7.0.1 - 7.49 7.50 7.51 - 7.99 8.00 8.01 - 8.49 8.50,and over Total per cent Total - Dollar amount* Total - Number of loans All May 1973 Feb. 1973 2.6 77.4 °.' 22.95. 30.5 17.8 6.3 4.9 3.2 5.3 3.1 2. 1 3.0 5.6 1.2 2.0 . . , 100.0 & 0.8 100.0 834,262 r 711,822 1,236 r 35 centers New York City 7 Other Northeast 8 North Central 7 Southeast 8 Southwest 4 Meet Coast — 7.14 7.07 7.45 , 7.40 7.19 7.79 7.17 r \ Percentage distribution of dollar amount bv $1,000 $9,999 $10,000-•$99,999 $100,000-$>499.999 May Febi • May Feb. Feb. 1973 1973 1973 1973 1973 2.2 • 7.9 19.6 . 5.7 1.7 "5.1 2.0 5.0 23.5 11.8 4.3 ' 1.3 15*6 17.0 4.7 ' 5.0 ' - 34.7 • 24.8 3.2 39.3 2.4 7.9 0.3 8. 7 1.4 13.0 ' 4.2 7.2 5.7 12.5 0. 1 21.5 21.3 8.9 11.3 12.2 • 7.9 10.3 12.5 23.5 "2.1 , 8.6 4* 7. 7 4.4 l°-3 100.0 z 100.0 100.0 100.0 100.0 493 r 634 16,024 r 18,973 81,175 r 127 390 1,203 i June 18, 1973 r 447 373 • 67.0 8. 5 1.3 6.6 5.5 3.4 1.6 3.4 0.8 1.8 WiWJilii1 nf $500,000-•$999,999 %,'r.000.000 and over "•My ''a Feb. 1973 , 1.8 \ 2.7 24. 6 24. 3 25,9 15.5 9.6 2.8 2.3 8.Y9. 9 2:4 3.7 1.4 ' 0.8 100.0 , 100.0 r 73,428 100.0 r 77,612 2.1 2.5 1.2 6.1 0.6 2.2 0.9 r 3.8 0.4 100.0 100.0 642.571 r 541,175 145 WEIGHTED AVERAGE RATES (per cent per annnm) 6.39 7.96 r 7.27 ' 6.53 6.38 6.25 7.24 6.83 7.82 8.43 8.61 7.53 7.75 7.97 7.07 7.51 8.50 6.00 7.65 r 7.37 7.46 7.36 7.63 7.99 7.73 7.83 7.95 7.25 r 7.28 6.56 7. 18 7.09 7.55 6.69 7.33 7.14 7.66 6.54 7.22 5.95 7.03 6.41 7. 13 7.17 8.11 ' 7.54 r 7.20 - 7.36 7.23 r Beginning February 1971 the Quarterly Survey of Interest Rates on Business loans was revised . For description.of revised seriLes June 1971 Bulletin. * " Dollar amounts in thousands. r.- Revised. 32.8 17.9 5.6 80.2 6.38 7.17 r *6.39 6.40 6.47 6.29 7.06 7.45 7.37 . 6 -53 . 6.-32 . 6.86 6.30 7.79 7. 12 see pp. 468-477 of 7.67 6.82 Table 3 June 18, 1973 Bank Rates on Long-Term Business Loans —^ - May 1973 and February 1973 Percentage distribution of dollar amount by size of loan $1.000-$9.999 $10,000-$99.999 $100.000-$499.999 $500,000-$999.999 Interest rate (per cent per annum) $1.000.000 and over 1973 Less than 6.75 3.1 26.5 13.1 6.75 6.76 - 6.99 7.00 7.01 - 7.49 7.50 *7.51 - 7.99 • 8.00 8.01 - 8.49 8.50 and over 10.9 8.5 6.8 20.6 4.5 1.8 6.3 0.9 13.2 8.7 4.3 37.4 6.4 45.2 2.2 5.5 0.9 1.0 2.8 15.0 . 5.1 7.3 3.3 0.6 60.5 22.4 12.1 10.9 , 9.3 2.2 5.6 21.2 Total per cent 25.3 3.5 19%3 5.2 1.0 2.5 11,6 11.1 6.7 12.6 5.8 35,0 0.4 15.0 4.2 9.2 2.2 13.2 2.0 26.6 5.9 5.2 7.9 1.9 ' 15.6 7.3 11.5 5.3 9.5 6.1 13.7 36.4 7.1 1.4 10.3 4.2 9.6 4.6 20.3 17.7 7.8 14.8 9.0 6.3 3.4 26.8 19.9 8.1 3.7 4.9 4.5 5.2 6.6 26.8 12.8 11.3 9.5 0.4 4. 6 16.9 100.0 100.0 12.6 1.6 7.8 2.7 9.6 1.1 33.8 Total - Number of loans 100.0 100.0 ,100.0 317,420 Total - Dollar amount* r 396,871 1,086 r 707 781 795 200 100.0 r 159 " 100.0 11,621 288 r 13,840 r - 337 38,529 171 19%3 100.0 37,219 : 100.0 33,685 100.0 100.0 31,132 232,499 174 WEIGHTED AVERAGE RATES (per cent per annate) 35 centers 7.66 New York City . 7 Other Northeast 8 North Central 7 Southeast 8 Southwest 4 West Coast 7.11 8.17 r 7.47 7.79 r 7.48 7.93 7.31 7.72 7.13 7.60 6.64 7.09 7.70 7.25 6.90 . 7.20 7.45 . • 7.00 ',7.55 6.47 7.30" 8.60 7.28 7.68 7.66 7.95 6.89 8.28 7.08 . 8.12 7.49 8.17 8.02 7.60 7.02 7.65 7.04 7.348.21 7.24 7,51 7.72 a: 09. 7.05 8.50 8.67 9.39 7.76 8.58 8.29 7.18 7.38 7.24 8.44 8.20 6.62 7.82 7.88 . 8.39 8.20 7.97 7.37 7.68 7.66 • 7.79 7.66 8.24 8.72 r 7.49 7.95 r 7.17 r 6.91. 7.57 7.71 7.69 r 7.18 . 1/ Beginning February - 1971 the Quarterly Survey of Interest Rates on Business Loans was revised. , For description of revised series see pp. 468-477 of June 1971 Bulletin. ' * - Dollar amounts in r -Revised. • thousands. c - Corrected. 7.06 6, 91 6.94 6.98 8.71 8.45 7.06 the
