The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
oQl50V/ FEDERAL RESERVE statistic: o l A O jjlJ: @"" nrfvf E fl Loan Rate (percent) Loan Characteristics Amount of Loans ($1,000) Average Size ($1,000) Weighted Average Maturity2 Weighted Average Effective3 11 2 E.2 SURVEY OF TERMS OF BANK LENDING MADE DURING FEBRUARY 7-11,1994 TABLE 1 Commercial and Industrial loans made by all commercial banks1 For Immediate Release March 16,1994 Percent of Amount of Loans Made Under Standard Error 4 Secured by Collateral Commitment Participation Most Common Base Pricing Rate 5 Days All C&l loans 1 Overnight6 9,723,522 5,197 - 3.86 0.26 7.9 54.8 3.8 Fed Funds One month and under 2 (excluding overnight) 3 Fixed rate 4 Floating rate 9,712,303 7,193,796 2,518,507 1,301 1,977 659 20 20 20 4.13 3.99 4.52 0.18 0.22 0.26 16.7 13.3 26.5 71.2 68.5 79.1 10.1 11.2 7.0 Foreign Fed Funds Foreign Over one month and 5 under one year 6 Fixed rate 7 Floating rate 8,860,720 3,306,361 5,554,359 177 163 186 157 127 175 5.20 4.58 5.58 0.17 0.28 0.19 40.7 32.8 45.4 80.2 75.7 82.9 3.2 4.1 2.7 Prime Other Prime 8 Demand 7 9 Fixed rate 10 Floating rate 14,664,521 4,155,700 10,508,821 296 803 237 ~ 5.22 4.08 5.67 0.17 0.28 0.14 61.3 23.3 76.3 62.4 73.8 57.9 4.1 6.0 3.3 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 + Floating rate 19 By size ($1,000) 20 1-99 21 100 - 499 22 500 - 999 23 1000 - 4999 24 5000 - 9999 25 10000+ 42,961,066 394 57 4.66 0.16 34.9 66.4 5.2 Fed Funds 24,379,379 383,527 409,646 406,331 3,567,810 3,801,297 15,810,767 788 15 218 687 2,365 6,521 20,676 28 140 118 57 32 26 23 4.03 7.96 6.01 5.15 4.42 4.09 3.75 0.25 0.27 0.19 0.13 0.07 0.03 0.04 15.5 87.0 73.0 56.8 26.4 16.3 8.6 64.9 45.1 53.4 78.6 76.8 66.3 62.3 6.4 0.7 4.6 7.8 8.6 8.6 5.5 Other Other Other Other Other Other Other 18,581,687 1,491,128 2,780,629 1,215,746 3,368,769 1,735,765 7,989,649 238 25 199 666 2,010 6,714 25,484 127 160 159 171 136 102 111 5.49 7.49 6.92 6.42 5.91 5.23 4.35 0.17 0.05 0.03 0.04 0.17 0.23 0.24 60.3 83.9 78.3 72.9 62.4 48.2 49.5 68.3 84.7 89.2 88.0 84.2 70.7 47.7 3.6 1.6 3.5 7.3 7.9 4.2 1.6 Prime Prime Prime Prime Prime Prime Fed Funds 4,605,265 197 38 5.85 0.17 57.1 81.4 7.8 Prime 1,093,082 177,348 119,421 84,362 711,951 101 18 206 705 4,628 43 47 60 45 39 5.41 7.35 6.88 6.14 4.60 0.27 0.40 0.25 0.58 0.33 59.0 93.9 87.5 46.8 47.0 67.7 24.7 45.4 44.7 84.8 1.8 0.1 1.9 4.9 1.9 Other Other Other Other Foreign 3,512,183 243,334 608,197 429,622 2,231,029 278 28 222 681 4,007 37 36 38 29 38 5.98 7.64 7.15 6.59 5.37 0.20 0.26 0.15 0.11 0.33 56.5 87.4 78.9 57.6 46.7 85.7 55.9 77.0 85.3 91.4 9.7 4.8 9.4 13.6 9.5 Months 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 + Days Loans made below prime 10 Prime Prime Prime Prime Prime Prime Rate 9 Nominal 8 37 Overnight® 9,389,738 8,662 - 3.77 3.75 5.9 53.9 4.0 6.00 One month and under 38 (excluding overnight) 9,193,051 4,096 20 3.97 3.95 13.7 70.4 10.0 5.98 Over one month and 39 under one year 5,496,596 692 144 4.09 4.07 22.4 84.0 3.2 6.08 8,676,195 3,129 32,755,579 23,205,600 9,549,979 2,333 3,156 1,428 40 Demand 7 41 Total under one year 42 Fixed rate 43 Floating rate - 41 26 103 4.00 3.96 50.3 44.7 3.4 6.01 3.94 3.88 4.09 3.92 3.86 4.05 22.6 12.5 47.3 61.1 65.0 51.7 5.4 6.5 2.6 6.01 6.00 6.04 4.35 4.27 4.39 4.30 4.23 4.33 31.3 39.8 27.2 89.8 85.8 91.8 5.1 2.7 6.4 6.10 6.09 6.10 Months 44 Total one year and over 45 Fixed rate 46 Floating rate Footnotes appear on the last page. 2,023,276 668,527 1,354,749 700 398 1,122 37 39 36 E.2 SURVEY OF TERMS OF BANK LENDING MADE DURING FEBRUARY 7-11,1994 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 Maturity2 Weighted Average Effective^ Percent of Amount of Loans Made Under Standard Error 4 Secured by Collateral Commitment Participation Most Common Base Pricing Rate 5 Days All C&l loans 1 Overnight6 7,351,768 6,875 - 3.91 0.21 8.9 56.0 3.8 One month and under 2 (excluding overnight) 3 Fixed rate 4 Floating rate 6,004,688 4,635,075 1,369,612 3,862 5,209 2,060 19 18 22 4.13 4.02 4.51 0.15 0.15 0.24 20.2 15.6 35.7 84.9 83.0 91.3 14.9 16.6 9.2 Over one month and 5 under one year 6 Fixed rate 7 Floating rate 4,860,269 2,106,497 2,753,772 917 2,646 611 147 127 163 4.78 4.08 5.32 0.14 0.20 0.17 34.5 26.1 40.9 87.9 90.6 85.9 4.9 5.7 4.4 Other Other Prime 9,868,749 2,835,429 7,033,320 562 2,792 425 4.96 4.05 5.33 0.16 0.28 0.14 62.9 21.2 79.7 54.0 76.8 44.8 3.3 6.8 1.9 Fed Funds Domestic Fed Funds 28,085,473 1,102 46 4.48 0.13 34.7 67.0 6.2 Fed Funds 16,928,769 24,791 136,284 271,656 2,499,143 2,764,191 11,232,703 4,490 31 252 695 2,410 6,602 19,246 25 87 48 36 30 22 25 3.98 6.54 5.34 5.14 4.51 4.12 3.78 0.17 0.22 0.21 0.11 0.09 0.07 0.04 14.9 73.8 56.8 56.8 30.6 14.4 9.9 71.2 68.2 78.3 83.4 81.5 65.4 69.9 8.0 1.5 6.2 10.1 9.6 9.1 7.4 11,156,705 451,282 1,144,661 589,462 1,808,557 1,324,233 5,838,509 514 33 202 655 1,991 6,783 25,868 116 145 155 160 118 104 108 5.23 7.17 6.78 6.37 5.74 5.18 4.51 0.15 0.06 0.05 0.08 0.20 0.32 0.34 64.7 85.1 76.3 70.1 54.2 48.4 67.3 60.6 92.9 93.4 90.0 83.3 69.4 39.7 3.4 1.6 3.7 8.0 8.7 2.3 1.6 Prime Prime Prime Prime Prime Prime Fed Funds 2,706,300 738 36 5.41 0.16 49.8 92.8 7.5 Prime 523,464 5,435 27,190 31,899 458,939 1,133 27 230 666 4,979 39 44 39 42 39 4.71 7.54 5.83 5.16 4.58 0.30 0.22 0.37 0.49 0.19 59.9 74.7 71.1 49.8 59.8 88.2 59.1 86.7 91.6 88.4 2.1 0.0 4.6 2.9 2.0 Foreign Other Domestic Domestic Foreign 2,182,836 47,942 243,739 204,858 1,686,297 681 34 226 644 4,459 36 30 33 31 37 5.58 6.80 6.77 6.45 5.27 0.15 0.13 0.09 0.07 0.39 47.4 84.8 74.3 66.8 40.0 94.0 90.8 87.9 89.6 95.4 8.8 3.3 8.5 8.3 9.0 Prime Prime Prime Prime Prime 8 Demand ? 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 16 1000 - 4999 17 5000- 9999 18 10000 + Floating rate 19 By size ($1,000) 20 1-99 21 100- 499 22 500 - 999 23 1 000 - 4999 24 5000 - 9999 25 10000 + ~ Other Foreign Other Foreign Other Prime Other Other Other Other Other Months 26 Total one year and over Fixed rate 27 By size ($1,000) 28 1-99 29 1 00 - 499 30 500 - 999 31 1000 + Floating rate 32 By size ($1,000) 33 1-99 34 100-499 35 500 - 999 36 1000+ Days Loans made below prime 10 Prime Rate 9 Nominal 8 37 Overnight6 7,075,889 8,794 - 3.82 3.79 7.0 54.6 4.0 6.00 One month and under 38 (excluding overnight) 5,755,804 5,528 19 4.03 4.02 17.6 84.6 15.3 6.00 Over one month and 39 under one year 3,442,019 3,551 137 3.99 3.97 23.9 89.5 4.7 5.99 40 Demand 7 6,673,181 5,415 — 4.00 3.96 58.8 38.6 3.2 6.00 22,946,893 16,346,979 6,599,914 5,669 6,049 4,907 36 25 93 3.95 3.90 4.08 3.93 3.88 4.03 27.3 13.1 62.4 62.7 70.7 42.9 6.7 8.1 3.4 6.00 6.00 6.00 4.19 4.12 4.22 4.13 4.10 4.15 27.7 50.0 19.2 97.1 91.3 99.3 5.1 2.3 6.2 6.00 6.00 6.00 41 Total under one year 42 Fixed rate 43 Floating rate Months 44 Total one year and over 45 Fixed rate 46 Floating rate Footnotes appear on the last page. 1,424,879 393,333 1,031,546 3,128 2,484 3,471 36 36 36 E.2 SURVEY OF TERMS OF BANK LENDING MADE DURING FEBRUARY 7-11,1994 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 1 Overnight 6 2,371,755 2,959 One month and under 2 (excluding overnight) 3 Fixed rate 4 Floating rate 3,707,616 2,558,721 1,148,894 628 931 364 Over one month and 5 under one year 6 Fixed rate 7 Floating rate 4,000,450 1,199,864 2,800,586 89 62 110 4,795,772 1,320,271 3,475,501 150 317 125 14,875,593 178 7,450,611 358,736 273,362 134,675 1,068,668 1,037,106 4,578,064 11 Total under one year Fixed rate By size ($1,000) 1-99 100- 499 500- 999 1000-4999 5000- 9999 10000 + Floating rate 19 By size ($1,000) 20 1-99 21 100-499 22 500 - 999 23 1000-4999 24 5000 - 9999 25 10000 + 12 13 14 15 16 17 18 Made Under Standard Error 4 Secured by Collateral Commitment Participation Most Common Base Pricing Rate 5 Days All C&l loans 8 Demand 7 9 Fixed rate 10 Floating rate Weighted Average Effective3 Percent of Amount of Loans 3.70 0.53 4.9 51.0 3.9 Fed Funds 23 25 18 4.12 3.93 4.54 0.21 0.28 0.30 11.2 9.2 15.4 49.1 42.2 64.6 2.4 1.6 4.4 Fed Funds Fed Funds Domestic 169 127 188 5.72 5.45 5.83 0.19 0.31 0.21 48.3 44.5 49.9 70.9 49.4 80.0 1.2 1.5 1.0 Prime Other Prime 5.75 4.13 6.37 0.20 0.34 0.18 58.0 27.9 69.4 79.9 67.4 84.6 5.6 4.2 6.1 Prime Other Prime 76 5.01 0.18 35.2 65.2 3.3 Prime 274 14 204 670 2,267 6,316 25,289 36 142 146 99 36 37 19 4.14 8.06 6.34 5.17 4.20 3.99 3.68 0.28 0.26 0.40 0.24 0.25 0.06 0.25 16.9 87.9 81.1 56.8 16.7 21.3 5.3 50.6 43.5 41.1 69.0 65.9 68.5 43.6 2.7 0.6 3.9 3.2 6.3 7.4 1.0 Fed Funds Other Other Other Fed Funds Fed Funds Fed Funds 7,424,982 1,039,846 1,635,968 626,284 1,560,212 411,532 2,151,140 132 23 198 676 2,032 6,504 24,497 138 162 161 179 160 96 114 5.88 7.63 7.02 6.47 6.10 5.40 3.93 0.20 0.09 0.07 0.15 0.17 0.30 0.31 53.7 83.4 79.7 75.6 71.9 47.7 1.1 79.8 81.1 86.3 86.2 85.2 74.6 69.4 3.9 1.6 3.4 6.6 6.9 10.0 1.3 1,898,966 96 41 6.47 0.18 67.5 65.2 8.2 Prime 569,618 171,912 92,231 52,463 253,012 55 18 201 731 4,103 46 47 67 47 37 6.06 7.35 7.19 6.74 4.63 0.31 0.41 0.24 0.81 0.66 58.3 94.5 92.3 45.0 23.9 48.7 23.6 33.2 16.2 78.2 1.6 0.1 1.1 Other Other Other Other Foreign 1,329,347 195,392 364,458 224,765 544,733 141 27 219 719 3,051 38 37 41 27 42 6.64 7.84 7.40 6.72 5.68 0.20 0.29 0.22 0.12 0.31 71.4 88.0 82.0 49.2 67.5 72.2 47.3 69.8 81.4 79.0 Prime Prime Prime Prime Prime Prime Domestic Months 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 + 37 Overnight 6 2,313,848 8,282 One month and under 38 (excluding overnight) 3,437,247 2,857 Over one month and 39 under one year 2,054,577 295 40 Demand 7 2,003,014 9,808,686 6,858,621 2,950,065 982 1,475 552 11.1 5.2 9.9 18.4 10.9 Prime Prime Prime Prime Prime Nominal 8 3.64 3.61 2.6 51.8 4.0 6.00 23 3.88 3.83 7.2 46.6 1.2 5.96 157 4.25 4.22 19.8 74.9 0.7 6.22 3.98 3.97 21.7 64.9 4.1 6.04 3.92 3.83 4.12 3.89 3.80 4.10 11.7 11.0 13.4 57.5 51.5 71.3 2.3 2.9 1.0 6.04 6.00 6.14 4.74 4.48 4.96 4.70 4.43 4.93 40.1 25.2 52.8 72.5 77.8 67.9 5.2 3.3 6.9 6.33 6.23 6.41 1,301 41 Total under one year 42 Fixed rate 43 Floating rate 1.8 Prime Days Loans made below prime 10 6.2 52 27 115 Months 44 Total one year and over 45 Fixed rate 46 Floating rate Footnotes appear on the last page. 598,397 275,194 323,202 246 181 355 40 42 37 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.
