Full text of E.2 Survey of Terms of Business Lending : March 1960
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rnmm E.2 UA BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM March 31, I960 BANK RATES ON'SHCRT-TERM BUSINESS LOANS l / 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 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 U5.7 2U.5 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 . . 5.12