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MSB*-.
FEDERAL RESERVE statistical release
f]rE K E I W R
E.2

SURVEY OF TERMS OF BANK LENDING MADE DURING FEBRUARY 5 - 9 , 1 9 9 6

W f i

Loan Characteristics

Amount
of Loans
($1,000)

Average
Size
($1,000)

i mm
Weighted
Average
Maturity

Weighted
Average
Effective3

of Loans

Made Under

Standard
Error 4

Secured by
Collateral

Commitment

Participation

Most
Common
Base
Pricing
Rate 5

Days

All C&l loans
13,640,713

7,753

13,851,955
11,556,700
2,295,255

1,871
2,889
674

9,972,188
4,910,574
5,061,614

189
259
149

8 Demand 7
9 Fixed rate
10 Floating rate

19,456,682
8,792,514
10,664,167

311
1,672
186

11 Total under one year
Fixed rate
By size ($1,000)
12
1-99
13
100 - 499
14
500 - 999
15
1000 - 4999
16
5000 - 9999
17
10000
+
18
Floating rate
By size ($1,000)
19
1-99
20
100 - 499
21
500 - 999
22
1000 - 4999
23
5060-9999
24
10000 +
25

56,921,538

457

1 Overnight®
2
3
4

For Immediate Release
March 13.1996

2o 896

TABLE 1
Commercial and Industrial loans made by all commercial banks

RES^-

One month and under
(excluding overnight)
Fixed rate
Floating rate

Over one month and
5 under one year
6 Fixed rate
7 Floating rate

5.94

0.24

11.8

61.7

0.4

Other

17
16
18

6.37
6.29
6.76

0.16
0.23
0.22

21.5
19.5
32.0

63.0
58.7
84.6

5.8
6.1
3.9

Other
Other
Foreign

146
126
165

7.31
6.49
8.10

0.16
0.25
0.18

47.7
35.1
59.9

84.8
82.7
86.8

8.8
12.2
5.6

Prime
Foreign
Prime

—

7.07
5.79
8.12

0.17
0.23
0.17

44.7
15.9
68.5

60.5
49.0
70.0

5.5
7.7
3.6

45

6.67

0.15

31.7

65.7

4.9
5.3
4.5
7.9
11.3
5.6
7.4
4.6
4.2
1.5
5.4
7.0
4.8
8.6
2.0

—

Prime
Other
Prime
Other
Other
Other
Other
Foreign
Other
Other
Other

38,900,501
354,339
509,988
627,405
5,624,317
5,370,005
26,414,448

1,298
16
216
694
2,399
6,645
21,542

27
127
102
61
36
34
20

6.08
9.77
7.60
7.03
6.68
6.27
5.81

0.22
0.15
0.08
0.16
0.08
0.08
0.13

17.9
84.2
68.6
45.4
35.7
19.7
11.3

60.6
47.6
77.8
78.6
73.4
62.9
56.8

18,021,037
1,833,124
3,561,980
1,537,083
3,960,005
1,519,985
5,608,860

191
26
199
671
1.892
6,626
19,108

119
164
154
150
119
84
94

7.94
9.67
9.10
8.55
8.10
7.13
6.58

0.18
0.05
0.03
0.09
0.12
0.20
0.25

61.5
80.5
73.8
66.5
58.6
42.2
53.3

76.6
86.1
87.6
90.1
86.4
82.4
54.2

7,996,293

290

46

7.90

0.15

64.5

78.6

8.3

Prime

0.27
0.17
0.25
0.34
0.44

68.1
93.8
85.3
71.8
62.8

58.6
29.1
50.2
76.2
61.9

10.1
0.5
6.3
7.3
11.9

Other
Other
Other
Other
Other

0.15
0.04
0.03
0.07
0.26

63.1
88.1
76.3
70.6
57.1

86.2
71.6
83.2
84.2
88.3

7.6
3.0
9.4
10.7
7.0

Prime
Prime
Prime
Prime
Foreign

Prime
Prime
Prime
Prime
Prime
Prime
Fed Funds

Months
26 Total one year and over
Fixed rate
By size ($1,000)
27
1-99
28
100 - 499
29
500 - 999
30
1000 +
31
Floating rate
By size ($1,000)
32
1-99
33
100 - 499
34
500 - 999
35
1000 +
36

2,201,220
198,295
194,712
107,721
1,700,492

193
20
197
693
5,039

51
43
51
47
52

7.90
9.79
9.10
7.44
7.57

5,795,073
305,194
904,935
608,727
3,976,217

358
30
215
675
4,390

45
39
37
42
47

7.90
9.56
8.95
8.51
7.44

Pnme
Loans made below prime
37 OvemightS
38

One month and under
(excluding overnight)

Over one month and
39 under one year
40 Demand

7

41 Total under one year
42 Fixed rate
43 Floating rate

Nominal 8

Days

10

5.86

5.69

9.7

60.7

0.4

8.25

17

6.23

6 05

19.2

62.2

5.7

8.25

711

135

6.27

6.12

32.4

85.8

10.3

8.30

2,446

—

5.84

5.68

29.0

44.9

5.9

8.25

6.02
5.95
6.36

5.86
5.78
6.19

21.0
15.5
46.4

60.5
60.3
61.8

4.9
5.3
3.0

8.26
8.25
8.28

6.70
6.76
6.67

6.51
6.59
6.48

59.1
63.1
57.2

78.5
62.6
86.1

7.9
15.3
4.3

8.28
8.30
8.27

13,287,632

9,746

13,233,783

4,327

6,693,269
12,418,928
45,633,612
37,464,802
8,168,810

2,413
3,908
876

34
26
92
Months

44 Total one year and over
45 Fixed rate
46 Floating rate
Footnotes appear on the last page.




4,295,927
1,387,530
2,908,397

803
476
1,196

48
46
49

E2

SURVEY OF TERMS OF BANK LENDING MADE DURING FEBRUARY 5 - 9 , 1 9 9 6

TABLE 2
Commercial and Industrial loans made by large banks1

Loan Rate (percent)
Loan Characteristics

Amount
of Loans
($1,000)

Average
Size
($1,000)

Weighted
Average
Maturlty2

1 Overnight6

11,415,352

9,656

Fixed rate
Floating rate

9,284,' 565
1,345,429

4,311
5^527
1,711

Over one month and
5 under one year
6 Fixed rate
7 Floating rate

5,911,705
3,148,029
2,763,676

767
2,608
425

12,814,043
6,791,434
6,022,609

535
5,158
266

40,771,093

1,155

35

30,639,379
17,217
227,503
390,403
3,980,516
4,153,493
21,870,248

5,689
27
253
699
2,374
6,646
21,877

22
133
84
53
33
33
16

10,131,713
613,178
1,614,338
775,920
2,036,685
927,082
4,164,511

339
32
204
663
1,930
6,611
20,261

114
149
151
145
116
78
108

5,324,265

860

1,395,880
9,623
60,114
54,384
1,271,759
3,928,385
81,005
533,589
386,093
2,927,699

One month and under

8 Demand 7
9 Fixed rate
10 Floating rate
11 Total under one year
Fixed rate
12
By size ($1,000)
13
1-99
14
100 - 499
15
500 - 999
1000 - 4999
16
17
5000-9999
10000 +
18
Floating rate
By size ($1,000)
19
20
1-99
21
100 - 499
500 - 999
22
1000 - 4999
23
5000 - 9999
24
10000 +
25
26 Total one year and over
Fixed rate
27
By size ($1,000)
28
1-99
29
100 - 499
30
500 - 999
31
1000 +
Floating rate
32
By size ($1,000)
33
1-99
34
100 - 499
35
500-999
36
1000 +

Standard
Error 4

Secured by
Collateral

Commitment

Participation

Most
Common
Base
Pricing
Rate 5

5.91

0.20

9.4

62.8

0.3

Other

17
17

626
6.66

0.17
0.26

16*3
30.5

63.1
58.8
92.8

4.3
4.5
2.5

Other
Other
Foreign

134
109
161

7.00
6.38
7.70

0.14
0.18
0.18

38.7
28.6
50.3

89.6
90.9
88.2

9.4
11.4
7.0

Foreign
Foreign
Prime

6.50
5.49
7.63

0.19
0.25
0.19

40.1
12.5
71.3

55.5
47.9
64.2

6.6
9.8
3.1

6.36

0.14

25.6

64.5

4.6

Other

5.97
8.34
7.31
6.93
6.62
6.25
5.77

0.15
025
0.18
0 22
0.09
0.26
0.17

14.2
73.7
56.3
40.3
31.9
18.8
9.1

61.2
73.5
80.9
83.3
71.4
62.2
58.5

4.8
5.2
8.5
9.2
4.9
7.1
4.3

Other
Other
Foreign
Foreign
Other
Other
Other

7.52
9.45
8.97
8.38
7.82
6.98
6.49

0.18
0.05
0.04
0.07
0.10
0.26
0.43

60.1
76.4
71.5
63.1
52.9
38.4
61.1

74.6
90.4
92.2
92.8
92.3
91.0
49.6

4.1
1.3
3.7
8.2
5.8
5.4
2.7

Prime
Prime
Prime
Prime
Prime
Prime
Fed Funds

47

7.86

0.15

61.1

86.4

9.8

Prime

1,764
32
267
686
6,764

48
42
42
49
49

7.70
8.90
8.36
727
7.68

0.25
0.16
0.34
0.39
0.55

61.0
90.3
74.2
70.5
59.8

66.0
63.3
84.6
82.5
64.5

14.5
9.4
12.4
2.3
15.2

Domestic
Other
Foreign
Other
Domestic

728
43
234
688
4,339

47
34
36
39
50

7.92
9.20
8.90
8.53
7.63

0.11
0.07
0.10
0.12
0.30

61.2
83.6
72.7
65.8
57.8

93.6
88.2
87.9
93.7
94.7

8.1
4.2
10.0
10.3
7.5

Prime
Prime
Prime
Prime
Foreign

6

11,177,782

11,145

10,400,816

5,392

Over one month and
39 under one year

4,425,262

2,593

40 Demand 7

9,636,925

3,790

41 Total under one year
42 Fixed
rate
43 Floating
rate

35,640,785
30,025,511
5,615,274

4,963
6,632
2,116

44 Total one year and over
45 Fixed
rate
46 Floating
rate

2,867,846
939,619
1,928,228

2,675
2,273
2,928

One month and under
38 (excluding overnight)

I

Domestic
Domestic
Prime

Months

Days

Loans made below prime1®
37 Overnight

Made Under

Days

All C&l loans

3
4

Weighted
Average
Effective^

Percent of Amount of Loans

Rate 9

Nominal 8
5.85

5.68

7.8

62.0

0.3

8.25

17

6.25

6.07

17.2

63.1

4.3

8.25

123

6.26

6.10

26.9

88.7

9.0

8.25

5.64

5.49

30.6

42.5

7.3

825

5.96
5.91
6.24

5.80
5.75
6.07

19.0
12.9
51.9

60.4
60.6
59.0

4.4
4.9
2.0

825
825
825

6.72
6.64
6.76

6.53
6.47
6.56

58.7
60.0
58.1

86.4
65.1
96.7

9.2
20.9
3.5

825
825
825

28
21
91
Months

Footnotes appear on the last page.




49
44
52

E2
SURVEY OF TERMS OF BANK LENDING MADE DURING FEBRUARY 5 - 9 , 1 9 9 6
TABLE 3

Commercial and Industrial loans made by other banks1
Loan Rate (percent)
Loan Characteristics

Amount
of Loans
($1,000)

Average
Size
($1,000)

Weighted
Average
Maturity2

Percent of Amount of Loans
Made Under

Weighted
Average
Effective3

Standard
Error 4

Secured by
Collateral

Commitment

Participation

Most
Common
Base
Pricing
Rate 5

Days

All C&l loans
1 Overnight6

2,225,361

3,856

One month and under
2 (excluding overnight)
3 Fixed rate
4 Floating rate

3,221,961
2,272,135
949,826

Over one month and
5 under one year
6 Fixed rate
7 Floating rate

-

6.07

0.33

23.8

56.1

1.4

Fed Funds

652
979
363

16
15
18

6.58
6.44
6.91

0.20
0.28
0.26

32.9
32.4
34.1

62.7
58.5
72.9

10.6
12.6
6.0

Fed Funds
Fed Funds
Foreign

4,060,483
1,762,545
2,297,939

90
99
84

163
156
169

7.76
6.68
8.58

0.19
0.31
0.20

60.8
46.7
71.5

77.8
68.2
85 2

8.1
13.6
3.8

Prime
Other
Prime

6,642,639
2,001,081
4,641,558

172
508
134

-

8.17
6.81
8.76

0.16
0.27
0.16

53.6
27.1
65.0

70.1
53.1
77.5

3.3
0.7
4.4

Prime
Other
Prime

11 Total under one year
Fixed rate
12
By size ($1,000)
13
1-99
14
100 - 499
15
500 - 999
16
1000-4999
17
5000 - 9999
18
10000 +
C|M4||V« MfA
rvoaiing
raw
19
By size ($1,000)
20
1-99
21
100 - 499
22
500-999
23
1000 - 4999
24
5000 - 9999
25
10000 +

16,150,445

181

75

7.46

0.16

47.2

68.6

5.7

Prime

8,261,122
337,122
282,484
237,002
1,643,802
1,216,512
4,544,200

336
16
193
686
2,462
6,644
20,064

50
127
116
73
44
37
44

6.48
9.84
7.83
7.19
6.84
6.35
6.01

0.25
0.16
0.24
0.55
0.45
0.31
0.21

31.8
84.7
78.6
54.0
44.7
22.7
21.7

58.6
46.2
75.3
70.8
78.3
65.7
48.9

6.9
4.4
7.4
14.9
72
8.6
6.1

Other
Other
Other
Other
Other
Other
Fed Funds

7,889,323
1,219,946
1,947,642
761,163
1,923,321
592,903
1,444,349

122
23
196
680
1,854
6,650
16,415

125
168
155
155
125
95
60

8.48
9.78
9.21
8.73
8.40
7.37
6.86

0.17
0.03
0.04
0.10
0.12
0.43
0.31

63.2
82.6
75.7
70.1
64.6
48.0
30.7

79.2
84.0
83.8
87.4
80.2
68.9
67.3

4.4
1.7
6.9
5.7
3.7
13.5
0.0

Prime
Prime
Prime
Prime
Prime
Other
Foreign

26 Total one year and over
Fixed rate
27
By size ($1,000)
28
1-99
29
100-499
30
500 - 999
31
1000 +
Floating rate
32
By size ($1,000)
33
1-99
34
100 - 499
35
500 - 999
36
1000 +

2,672,028

125

45

7.98

0.16

71.2

63.1

5.3

Prime

805,340
188,672
134,598
53,337
428,733

76
20
176
701
2,869

55
43
55
45
61

8.26
9.84
9.43
7.61
727

025
0.17
0.25
0.40
0.31

80.3
94.0
90.3
73 2
71.9

45.7
27.3
34.9
69.8
54.3

2.5
0.1
3.5
12.4
2.0

Other
Other
Other
Other
Other

1,866,688
224,189
371,346
222,634
1,048,518

173
27
193
655
4,537

40
41
37
45
40

7.86
9.69
9.04
8.47
6.92

0.20
0.04
0.13
0.08
0.42

67.2
89.8
61.5
78.9
54.9

70.7
65.6
76.5
67.8
70.2

6.5
2.6
8.4
11.5
5.7

Prime
Prime
Prime
Prime
Foreign

8 Demand 7
9 Fixed rate
10 Floating rate

Months

I
|

1

Loans made below prime 0
37 Overnight6
38

One month and under
(excluding overnight)

Days

|

I

|

Prime
Rate 9

Nominal 8 |

2,109,850

5,853

-

5.91

5.74

19.7

53.9

1.5

8.25

2,832,967

2,508

16

6.14

5.97

26.5

59 2

10.8

8.26

Over one month and
39 under one year

2,268,006

294

158

6.30

6.14

43.1

80.0

12.7

8.40

40 Demand 7

2,782,003

1,098

—

6.53

6.35

23.5

53.1

1.0

8.26

41 Total under one year
42 Fixed rate
43 Floating rate

9,992,826
7,439,291
2,553,536

852
1,471
383

56
46
93

6.24
6.10
6.63

6.07
5.94
6.45

28.0
25.8
34.2

61.1
58.8
67.8

6.5
6.9
5.4

8.29
8.27
8.35

44 Total one year and over
45 Fixed rate
46 Floating rate

1,428,081
447,911
980,169

334
179
553

6.66
7.01
6.50

6.49
6.84
6.32

59.8
69.6
55.4

62.7
57.3
65 2

5.2
3.5
6.0

8.34
8.40
8.31

Months

Footnotes appear on the last page.




46
50
45

|

NOTES
The Survey of Terms of Bank Lending to Business collects data on gross loan extensions made during the first full
business week In the mid-month of each quarter by a sample of 340 commercial banks of all sizes. The sample data are
used to estimate the terms of loans extended during that week at all insured commercial banks. The estimated terms of
bank lending are not intended for use in collecting the terms of loans extended over the entire quarter or residing in the
portfolios of those banks. Historical data back to 1977 presented in the format of the current E.2 release are now
available.
1. As of September 30,1990, assets of most of the large banks were at least $7.0 billion. For all insured banks, total
assets averaged $275 million.
2. Average maturities are weighted by loan size and exclude demand loans.
3. Effective (compounded) annual interest rates are calculated from the stated rate and other terms of the loans and
weighted by loan size.
4. The chances are about two out of three that the average rate shown would differ by less than this amount from the
average rate that would be found by a complete survey of lending at all banks.
5. The most common base rate is that used to price the largest dollar volume of loans. Base pricing rates include prime
rate (sometimes referred to as a bank's "basic" or "reference" rate); the federal funds rate; domestic money market
rates other than the prime rate and federal funds rates; foreign money market rates; and other base rates not included
in the foregoing classifications.
6. Overnight loans mature on the business day after they are made.
7. Demand loans have no stated date of maturity.
8. Nominal (not compounded) annual interest rates are calculated from the stated rate and other terms of the loans and
weighted by loan size.
9. The prime rate reported by each bank is weighted by the volume of loans extended and then averaged.
10. The proportion of loans made at rates below the prime may vary substantially from the proportion of such loans
outstanding in banks' portfolios.