Full text of E.2 Survey of Terms of Business Lending : March 1961

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E.2

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LIBRARY

1 :

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
BANK RATES ON SHORT-TERM BUSINESS LOANS

1/

March 1-15> 1961 and December 1-15 > I960

—'

Interest rate
(Per cent per annum)
Less than h-l/2%

1961

I960

0.8

o.a

0.9

1960
0.6

2.U

6%

9.5

...

18.7
8.0
13.U
U.li

19.1
l.h
15. h
3.3

9.6
3.7
a.5
1.3

11.3
2.7

111.6

19.0
5 . 8 ^

a.2

1.8

. 9.6
3.6

15.9

1i5O9
19.6

2k.9
10.5

25.9
11.0

16.0
5.U

I5.lt
6.a

60I

18.2-

2.0

6.2
2.1

100.0

100.0

100.0.

100.0

100.0

100.0

100.0

100.0

100.0

100.0

39,70k

37,623

301,802 299,532
10,065

25,070

2U»295

10,761

10,222

L, 97
1.75
a. 9 6

lj.99
1.77
U.97

5.89" '

5.90

5.67

$.73

5 8 5

5.86
6.00

5*29

:
,

.

5.99

'

5.53
5.U0
5.L9
5.62

209,510

208,875

1,691

.1,699

5.56

5.20

5.21

5.U2
5.52

5.03

5.65

; 9,915

* Dollar amounts in thousands.
1/ Based on reports by a sample of mainly large banks in 19 leading cities.
Federal. Reserve Bulletin, March 19h9>. pp. 228-237*
2/ Based on new loans and renewals for first 15 days of month.




7.9
20.9
5.9

0.9,

3.U

Total - Dollar amount*.....». 2,736,226 2,732,70ii

Weighted average:
19 Cities
New York City
7 Northern and Eastern
11 Southern and Western

5.2

16.0

5-2

2.1

.

65.6

6.7

9.0

Uo6

6.9

Over 5-1/2 and .less than 6%»,

65.a

1.1

-

I960

21.2
8.0

17.1

9.U
L.3
lii.5

1961

25.0
8.0

9.5
3.1

11.1

1960

0.7

7.2
h.h

5%
Over 5 and less than $-1/2%..

1961

0.8

, 0.8

8.2
U.8

55.2
5.2

5-1/2%...

I960

0.9

55.0
6.5

12.lt
3.6
7.1

1961

2.0
• 1.5
0.6
0:7 '

k-1/2%...
.
Over U-l/2 and less than 5%..

U.7

2/

Percentag;e distribution of dollar amount by size of loan
$ 1 0 , 0 0 0 - : a o o , o p o $ 1 0 0 , 0 0 0 ^ 2 0 0 , 0 0 0 $200,000 and 'over
9 1 , 0 0 0 - 3 110,000
Dec.
Mar.
Dec.
Dec.
Mar.
Mar.
Dec.
Mar.

All sizes
Dec.
Mar.
1
1961

March 3 i , T % l .*

2,185,180 2,186,67a
2,553

- 2,a59

a.80 ;
a. 6a

a.82

Uo99

5.20

5.19

a.82

14.83

5.31

5.36

5.09

5.12

For a description of the survey, see
• .
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a.66

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