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B A D OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
OR

March 31, I960

B N RATES ON'SHCRT-TERM BUSINESS LOANS l /
AK
March 1-15, I960 and December 1-15, 1959
Interest rate
Less than
Over 5 and l e s s than 5-1/2%.
5-1/2%..
Over 5-1/2 and l e s s than 6%.
6%.

Over 6 % . . . . . . . . . . . . . . .
Total Per cent.

Total - Dollar amount*...,
Total - Number of l o a n s . . .

All sizes
Mar.
Dec.
I960
1959

Percentage 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 o£ loan
jl,000-010,000 910,000-9100,000 5100,000-8200,000' $200,000 and over
Mar.
Dec.
Mar.
Dec.
%ar.
Dec.
Mar. •
Dec.
I960
1959
I960
1959
I960
1959
1960
1959
1.1
1.1
1.1
1.3
1.9
l.h
1.5
2.1

1-5

1.9

-57.5
5.6

55.7

6.0

1^3
U.3

1U.8

5.6

U5.7
2U.5

ll.l
— 3-9
100.0,

" 100.0

2,899,516 2,8167310
2U,905

Weighted average r a t e :
~
- 19 C i t i e s \ 5.3U
New York City
7 Northern and Eastern
11 Southern and Western
5,57

10.2

15.2
5.7

6.7
1.9
15.8
h.9
15.8
23.8

1.8

100.0

100.0

7.U

.10.7
7.7

11.2

10.6

10.7

8.2

31.0

30.lt
13.3

20.2

21.8

7.U

2.1

100.0

100.0

100.0

10Q.0

298,97k

228,U58

26.h

13.1
100.0

26.1

27.5
25.0

6.0

26s-5
10.9

23.6

8. if

38,073

37,000 313,06U

23,919

10,099

9,918

10,313

9,716

1,829

1,771

5.36
5.19
5.39
5.56

6.01
5.81
5.95
6.12

5.82

5.99

5.75
5.63
5.73
5.83

5.7U
5.61
5.77
5.81

5.50 "
5.U1
5.U7 •
5.57

5.5U
5.U.

5.95

6.08

*/ D°-^ a r amounts i n thousands.
- p!!ed
reports by a sample of mainly large banks i n 19 leading c i t i e s .
v Federal Reserve B u l l e t i n , March 19h9, pp. 228-237.

.

67.7
h.9
. 12.2
lt.6

65.3
U.U
13.0
3.0

r

100.0

221,251 2,319,951 2,259,085

5.50
5.6k

2,66k

2,51U

5.21

5.2k

5.10
5.2U
5.U0

For a description of t h e survey, see

o ^ ! v I ~ C ° V ? r a g e ? f Survey revised i n December i n accordance with ..changes i n the loan schedule of the c a l l report of
condition t o exclude loans t b nonbank f i n a n c i a l i n s t i t u t i o n s .
.




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