Full text of E.2 Survey of Terms of Business Lending : March 1962

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FEDERAL

RESERVE

statistical

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

E02-;

Interest rate

BANK RATES ON SHORT-TERM BUSINESS LOANS

1/

March 1-15, 1962 and December 1-15, 1961

2/

All sizes
Mar.
...Dec,
1962
1961

(Per cent per annum)
Less than 4-1/2

March 30, 1962.

Percentage distribution of dollar ampunt by size of loan
#1,000-$10,000
$10,000-$100,000'
Hop,000^2 o5755o $200,006 and over
W ffXUy
uu
Dec.
Mar.
Dec,.
Mar.
Dec,
Mar*
Dec,
Mar.
* 1962
1961 1962
1962
1961
1961
1961
1962

0.6

0.5

0.8

1.0

l.U

•2.3

1.9

24.9
8.9

23.3
8.4

61.0
6.1

64.9

18.1
6.1

18 0 U
7.5

9.5
3.5
7.1

9.0
3=8
5.1

7.9
1.5.

1.2

I,9

1.7

0.4

49.5

6.0

53.li
6.4

1.7

0.8

1.8 - 8.6
3.8
. o»7

8.4
3.7

% .OCOOOOOOOOOOOOOO®. 9009. 9 O . O 11.2

11.0

11, a 16.8
8.5
3.7
18,9
15.1
5.6
4.9

17. k
9.3
19.4
5.7

44.9
16.5

26.0
H.3

24.9
IO.U

: 5.8

16.L

16.8

100.0

aoo.o

100.0

100,0

100.0

100.0

4 l/2% eooe..eeeseoee.e.#*o.o 6®'
Over 4=1/2 and less than 5%...
c=,

Over 5 and less than 5-1/2#.
1

5=1/2% aeoeeo oooeeo.o.oeeeoee.O
Over 5=1/2 and less than 6#...
6% !•««(•••••( t V d t l X . t t l

Over 6%».

..........

Total per cent......

4.5
9.6
2*0

4.8
7.8
1.9

9.2
3.7
14®3
4.4

II.8

10.1

, 47.4

100.0

100.0

3.5

2.9

18.1

Total - Dollar Amount**.

2,288,231

2,500,451

40,569

39,192

Total ~ Number of loans»

25,393

" 25,107

10,982

10y740

4.98
4.78
4.97
5.28

4.96
*4.77
4.96
5.24

5.89
5.65
5.85

5.84

Weighted averages
19 Cities
%
New York City
7 Northern and Eastern
11 Southern and Western
•fr
1/
2/

6.01

5.66
5.82
5.94

1U.9
3.9

306,000 305,321

216,913

10,291

10,258

1,748

5.54
5.36
5.53

5.52
5.37
5.51

5.66

Dollar amounts in thousands.
Based on reports by a sample of mainly large banks in 19 leading cities.
.4
Federal Reserve Bulletin, March 1949, pp. 228-237.
•
Based on new loans and renewals* for first 15 days of month.




37-

r e l e a s e

5.62

5.21
5.04
5.17
.5.32

1UO3

-

1.0

- 1.1

4*6

5.3

6.8

.

100.0

217,048 1,724,719

6.3

100.0
1,938,590

1,742 ^

2,372

2,367

5.21
5.04

4.81

4.78

5.22
5.31

4.68
4:83
5.03

4.66
4.81
5.oo

For a description of the survey, see•