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

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FEDERAL

RESERVE

s t a t i s t

i c a

I

r e l e a s e

V
i

E.2

n

.

I n t e r e s t rate
iTfS (per cent per annum)
May "
Less than 1 1 . 0 0
11.00
V j . 1 . 0 1 - 11.49
11.50
11.51 - 11.99
12.00
12.01 - 12.49
12.50
12.51 - 12.99
13 . O and o y e r
TO
~ Total per cent

•

-

Total - Dollar amount* '
Total - Number of loans .

New York City
7 Other Northeast
fli North Centra]
7 Southeast
8 Southwest
4 West Coast
June 1971 B u l l e t i n .
• Dollar amounts in ;thousands.

>




41.4
21.9 .
10.8
3.7
6.6
3.6
3.8
,
1.2

100.0:"

June 2 8 , 1974
.
'
Table 1
•BAN^ RATES ON SHORT-TERM BUSINESS LOANSMay and F e b r u a r y 19 7 4
Percentage d i s t r i b u t i o n i dollar amount by s i z e of loan
$l,000-$9.999
$10.000-$99.999
$100,000-$499,999
$500.000-$999.999
$1,000,000

Feb.

May

,2

100.0

,

4,646,531 4,659,934
- 1fl,fiR?

1 R , fi 9

Feb.

May

Feb.

May

60.6
4.0
4.9
3.9
4 .6
4.2
3.0
1.7 i
4 .8
8. 4

89.7
2.2
2:9
1.3
" 1.0
.7
1.0
.3

May
43.6
6.3
7.4
6.9

78.5
4.1
5.5
2.9
2.7
1.4
1.6
.7

28.7
14.0
11.6
7.6
9.5
4.%,
6.9
2.2
5.5
9.5

78.2
3.2
6.5
2.7
2.6
1.3
1.9
.8

31.4
•18V.9
-a&M
' : 5.7
8.0

100. 0

V

100,0

9.86

9:7#

100.0

100.0

2 .1

5.0
2.3
4.5
6.7

100 . 0

100.0

"

•

.6

2 7 0 , 4 8 3 261,5-7 2 5 8 8 , 2 6 3 5 9 2 , 4 6 2 4 5 1 , 7 7 3
2.962
8,365
.026
729
WEIGHTED AVERAGE RATES (per cent per annum)

10.70
11.31
9.80

6 .8'

5.7
- 5.6
2.6
5.2
9.8

22,843

11.15
11.08
11.65
-3rrrw—
10.88
"10:82
11 s 19

-

10.43
10.32
1 ,1 .0 1

11.06

9.93
11.25
10.42
11.E9J
-r3r8— -—1-0.8-0 —
9.69
10.69
9,90
10.67
10.16
11.2 7

May

,

86.6
2.0
5.3
1.3
.6
.3
.2
3 .1
100.0
477,116
7 69

45.2
25.1
10.8
. 2.4
6,0*

3.1
2.9
.7
1.4
2.6
100.0

and over
IslU

.7
.5
.9

100.0

3,313,169 3,305,908
' 1 ,221
1 , ?.4 0

10 . 0 9

11. . 4 1 '

10, . 2 8

11 .3^2

10 .06

11. . 06

9, .75

10 . 1 2
10 . 4 6
. 9 .98
9 .81
9 .98
10 . 0 8

11, .54
12, . 0 1

9, . 9 5
10. .71,

11, .24
11, .94
11, ,37
10, . 9 3
10, .84
11, .30

9, . 78
10, .48
10, . 14
9, ,90
9, .99
9. , 8 3

1 1 .. 0 0
1 1 .. 4 0
; ii.
1 0 ., 9 4
1 0 . ,78
i i . .13 .

9, . 6 2 ,
9, . 99
.82
91.60
9, .82
9. .68

10, . 9 2
10, .02
. 10,.97
10, .04
11. ,34 , ' 10..05

1

BANK R A T E S

Mv
n
Less .than 11.00
11.00
11.01 - 11.49
11.50
11.51 - 11.99
,
12 . 0 0
12.01 - 12.49
12.. 5 0
..
12.51 - 12.99
1 3 . 0 0 and o v e r

32.6
21.3
18.2 ,
2.5
9 . 6
1.8
7 .1
.6
,2.9
3.5

T o t a l per c e n t

100.0

91. 3
1 . 3
1.0
2 . 5
2.0
. 9
.4
.2
. 1
: I
100.0,

5 .6
5.1
3 . 8
2.4
6.8
17.8

Fp.h .
10 . 6
3.9
3 . 9
1-. 0
2.2
. 3 .
2 . 7

100-9,... i o o , o _

1,450,960

r,117 ,181

76 5

587

1.85P

1.591

152

Mav
31.0
6 . 5
11 . 7
6.0
12.6
9.0
7 . 2
2.9
2 . 3
10 . 8
100.0

1 ?fi

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

21,058

* " D o l l a r amounts i n

thousands.




Feb .
78.3
5.5
4 .0
4 . 1
2.2
. 7
. 3
1. 0
1.0
2 '. 7
100.0
19,675

Mav ...
2,3.5
12.5
19 . 0
6 . 5
11.7
3. 7
10 . 4
1.9
3.8
7 .0
100.0
125,140

SI 9

10.09
9 . 60
10.27
10.27
9.88
9.97.
10.11
i revised.

28,

19 7 4

1 1 . 36

Mav

83.5
2 .8
2 . 6
3. 2
1 . 3
1 . 4
2.0
1.5
.9
.8

'

23.2
19 . 6
20.0
3.3
14.0
4 .i
7 . 3

100.0
111,930
51.6

$ 1 , 0 0 0 , 0 0 0 andt.ovefcji,.

Fph

Feb.

577, ...
WEIGHTED AVERAGE RATES (per c e n t per annum)

11,.21
9 .82
11.00
10.22
11.27
11 . 47
9.91
l B . 76
9.32
11.16
11..35
iwM
11.36
9 .82
11 . 5 2
1 1 ,. 0 6
l o . ob
11.63
11 . 1 4
11.37
1 0 , •'58
9.96
10.00
9 .75
10.17
11,.84
10.34
11.73
10.58
11.28
11,, 0 1
9.58
1 0 . 71
10.24
11.37
B e g i n n i n g February 1971 the Q u a r t e r l y Survey of I n t e r e s t R a t e s on B u s i n e s s Loans'w
June 1971 B u l l e t i n . ; H'

New, York C i t y
7^0ther N o r t h e a s t
8 Noifth C e n t r a l
7 Southeast
8 Southwest
4 West Coast
y

June
LOANS-7

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 loan
$9,999
$ 1 0 , 0 0 0 -•$99,999
$100,000-$499,999
$ 5 0 0 , 0 0 0 -• $ 9 9 9 , 9 9 9 '

Interest rate
(per c e n t per annum)

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

Table 2
ON R E V O L V I N G C R E D I T B U S I N E S S
May and F e b r u a r y 1 9 7 4

—Fpft . y

93.1
2 . 1
1 . 2
2 . 3

92.7

1. 3

2 . 7
5 . 2

2.9

100. 0

100.0

121,15 6

96,201

1,182,841

152

--

37 3

z

190

100.0

100.o .
8 8 8 , 7 88

10.10
1 1 . 32
9.78
11.19
11.27
9.99
11.31
9.72
11.49
11.36
10.32
11.02
9.65
11.38
11.35
10.17
11.19
10.03
11.00
10.51
10.09
11.00
9 . 35
10.52
11.79
10.32
12.12
10.43
11.79
11.39
10.04
11.31
.65
10.93
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 the

June

28,

1974

Table 3
.
BANK RATES ON LONG-TERM BUSINESS LOANSMay and F e b r u a r y 197 4

••

Less than 11.00
11.00
11.01 - 11.49
11:50
11.51 - 11.99 .
12.00
12.01 - 12.49
12.50
12.51 - 12.99
1 3 . 0 0 and "over
Total per cent

Feb .
22.3 "
11. 9
11.9
3.1
20.0
3.9
1.9 . .
3.4
-3.7
17 . 8

t

Total - Dollar amount*
'Total - Number of loans

$10,000- $59,999

$1.000-S9.999

sizes
(per cent per annum)

7 5 ."4
1. 8
11.9
1.5
3.8
l.>9
2.0
.2
:1
1.3

Feb .

45 . 5
4 .5
13.1
• 1.0
11.5
2.7
1. 9
3.0
5.8
11.0

100.0

100.0

452,025
799

456,523

90 2

713

LO O . 0
.203

May

Feb .

44.2
8.3
2 0 . 6 ..
4. 5
2.0
2.0
7.1
5.1
2.4
4.2

May

43.6
6.9
6.9
3.4
11.2
8.4
5.1
4.0 .
2.3
8.0

65.9
5.6
3.6
7.7
1.9
4.4
3.3
2 :i
. . 6 ..
4 .7

100'. 0''
506
107

100.0
11,000
1

289

100.0
9,774
262

$100,000-$ 499.999 •

Mav

Feb .

. 36.4
7.5
8.2
4.2
10.1
7.0
7.4
5.1
5.0
9.3

68.0
6.3
3.4
3.5
4.9
2.5
5.8
.5
1.2
3.9

34.5
9.6
11.0
3.0
6.6"
5.1
1.6
5.4
. 6.5
16.5

LOO.O

100.0

'
.

100.0
37,482
169

46,892
90S

$ 1 , 0 0 0 , 0 0 0 and over

$500,000- $999.93,9

May

Msy

Feb.
76.4
.8/
14.3
.5
4.1
1.4

2.3

19.2
12 . 7
12.5
3.0
22.4
3.3
1.3
3.0
3.3
19 . 1

100.0

;

100 . 0

100.0

76.7
4 .1
2.0
6.9
5.4
1. 3
1.3

31,126
4,6.

37,380
56

371,515
Q?

•7

361,971

WEI<3HTED AVERAGE RATES (per cent per annum)
35 c e n t e r s
New York City
7 Other Northeast
8 North Ccntrfil 7 Southeast
8 Southwest
4 West Coast

12.64

10.03
10.48

11.03
10.93
10.83
9.90
9.9.7
9.7 5
" 17 Beginning February 1971 the Quar t e r l y Surve y of I n t e r e s t :
June 1971 B u l l e t i n .
' - Dollar amounts in ,thousands.




10.74

10.82

10.42

10.9,2

10.47

11.58

10.24

1Q-.67
10 . 8 1

10.93

1 1 . 50
11.03

10.93
10.07

11,90
11.01

10.06
10.19

12.06
11.76

10-19
11.51
11.31
Rates on

9.96
13 . 59
10.49
10.23
11.32
10.88
10 . 21
10.75 , 11.06
Business Loans was • r e / i s e d .

9.95
10.5 8
10 . 1 0
14.20
9.63
10.22
s e r i e s see pp.,

10.61

11.41 •

9.96
12.48
11.49
11.36
1 0 . 56
10.64
11 . 3 4
10.64
9.40
For d e s c r i p t i o n of r e v i s e d

11.48

10.09

12.7 4 '
11.26
11.13
11.50

10,02
10.5 7
8.90

468-477 of the

9.55