Full text of E.2 Survey of Terms of Business Lending : March 1974

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s t a t i s t i c a l

Table 1
Bank Rates on Short-Term Business Loans •
February, 1974 and November, 1973

Interest rate
(per cent per annum)
Less than 9.50
9.50
9.51 - 9.99
10.00
10.01 - 10.49
10.50
10.51 - 10.99 k
11.00
11.01 - 11.49
, 11.50 and over
Total per cent
• -Total - Dollar amount* "
Total - Number of loans

February
197*

All sizes
November
1973

17.6
36.7
9.9
5.8
12.3
2.9
4.5
2.2
2.9
5.3
100.0
4,659,934
18,695

3.8
19.6
37.0
6.9
12.5
2.7
5.9'
1.3
3.4
6.8
100.0
4,434,476
18,857

$1.000- $9,999
Feb.
Nov.
1974
1973
32.2
9.2
4.8
14.9
6.4
3.9
6.7
3.9
4.8
13.2

33.5
7.5
5.3
14.2
7.9
3.4
6.6
3.1
5.0
13.4

100.0

100.0

22,876
5,456

23,898
5,661

r e l e a s e

Mar# 27, 1974.

itage d i s t r i b u t i o n oi dollar amount bv si ze of loan
$10,000- $99,999
$100,000-61499.999
$500,000- $999,999
1
Nov.
Nov.
Feb.
Nov.
Feb.
1973
1974
1974
1973
1973"
20.9
22.8
9.1
5.9
12.5
4.1
6.2
11.5
18.2
5.2
29.9
9.9
6.6
,7.9
9.1
19.0
10.1
28.6
° 14.6
11.3
12.5
10.8
8.9
8.5
9.7
11.1
15.3
17.3
14.3
21.4
6.3
4.7
5.5
5.1
4.7
4.1
8.5
8.9
12.0
13.4
6.2
11.3
3.8
3.2
1.7
r 4.1
2.0
1.9
6.9
5.5
6.5
7.8
5.3
4.0
13.1
13.7 . ... : 6.1
11.9
6.0
12,0
100.0 ,
261,572
8,223

100.0
269,223
8,371

100.0
592,462
3,026

100.0
585,977
2,937

100.0
477,116
769

100.0

$1,000,000 and over
Feb. "
1973'
19.7
43.2
10.2
3.4
11.8
1.9
3.1
i:8.
1.8
3.5

1.3
25.2
44.6
5.5
10.3
1.8
3.0
.9
2.2
5.2

100.0

•

100.0

493,057
795

3,305,908
1,221 .

3,062,321
1,091.

10.,18
10,,01
10..58
10,.19
9.,97
10,.04
10,.13

9.75
9.62
9.99
9.82
9.60
9.82
9.68

9.83
10.32 ,.
9.91
9.89
9.97;
9.95

WEIGHTED AVERAGE RATES (per cent per annum)
35 centers
Neyr York City
7 Other Northeast
8 North Central
7 .Southeast
8 Southwest
4 West Coast
1/ Beeinnine Fphriurn i o n ..i n.
June 1971 B u l l e t i n .
- Dollar amounts in thousands.




9.91
9.68
10.28
9.98
9.80
9.93
9.78

10.08
1

9.90
10.51
10.02
" 9.96
10,08
10.04

9.86
9.93
10.42
9.18
9.69
9.90
10.16

9.80
10.04
10.34
9.02
9.58
9.91
10.23

10.09
10.12
10.46
9.98
9.81
9.98
10.08

10.14
10.28
10.57
9.81
9.82
10.09
10.26

10.28
9.95
10.71
10.42
10.02
10.04
10.05

10.43
10.31
10.86
10.38
10.16
10.28
10.28

10.06
9,78
10.48
10.14
9.90
9.99
9.83

9.95

.

468-477 of the

(2o

Table 2
Bank Rates on Revolving Credit Business Loans
February 1974 and November 1973
Interest rate
(per cent per annuo)

Feb.
1974

Less than 9.50
9.50
9 . 5 1 - 9.99
10.00
10.01 - 10.49
10.50
10.51 - 10.99
11.00
11.01 - 11.49
11.50 and over

20.7
27.5
19.3
8.1
9.1
2.6
4.0
1.3
1.0
6.2

Total per cent

100.0

Nov.,

xm,

2.3
7.5
42.5
10.1
15.0 "
3.0
8.4
1.4
3.4
6.4

100.0

Percentage d i s t r i b u t i o n of
$1.000-$9.999 I " 510.000-$99.999
Feb.
Nov.
Fob.
Nov.
1974
1?74
1?73 ,
35.5
24.1
17.4
19.7
4.4
4.9
11.9
2.9
4.8
6.8
12.0
5.8
9.0
10.7
14.3
12.5
2.6
14.4
8.1
10.9
2.0
2.9
8.7
11.9
8.5
7.3
5.9
11.9
10.6
7.1
5.5
" 6.2
3.9
2.6
4.0
4.1 18.7
19.5
12,n
14.1

xm

March 27, 1974

d o l l a r amount by s i z e of ~ W T
$100.000-6499.999
$SOO.OOO-$999.999
Feb.
Nov.
Feb.
Nov.
1974
1973
1974
1973
10.6
7.3
16.8
2.7
17.6
5.6
33.9
11.6
. 14.5
21.7
11.6
26.9
12.3
18.1
11.8 •
13.0
11.3
10.6
10.3
9.8
9.6
6.7
3.7
4.1
7.6
12.8
5.0
17.0
2.8
3.4
2.1
2.6
2.6
2.8
1.2
1.9
11.1
11.2
3.4

Total - Dollar amount*

1.117,181

927,964

100.0
587

100.0
577

Total - Number of loans

1,591

1,484

128

125

9.82

10.13

WEIGHED AVERAGE ItATCS (per cent per annum)
10.22
10.09
10.09
"~io7i8
10.10

* 9.91
10.20
10.00
9.96
10.34
9.58

10.30
10.09
10.22
9.22
10.74
9.92

New York City
7 Other Northeast
8 North C e n t r a l
7 Southeast
8 Southwest
4 West Coast

100.0
19,675
512

100.0
17,683
475

9.32
9.04
9.60
. 10.09
9.82
13.36
10.27
10.69
11.14
9.96
10.27
10.17
9.75
9.11
9.88
9.54
10.58
10.46
9.97
10.19
10.24
10.09
10.11
10.21
1/ Beginning February 1971 the Quarterly Survey of I n t e r e s t Rates on Business Loans.,was revised .
June 1971 B u l l e t i n .
* - Dollar amounts in thousands.




100.0
111,930
516

9.99
10.32
10.17
10.09
10.32
10.04

100.0
110,137
500

100.0
96,201
152

100.0
.

$i.ooo.ocyo"
Feb.
1974
22.6
28.5
20.9
'
7.1
8.8
1.4
3.4
.9
.7
5.7
100.0
888,788

168-'

283

Nov.
1973

^
jUI 9.3
8.2
16.6
1.9
6.3
.8
3.7
5.1

100:0
690,388
216

10.20

9.78

10.23

9.79

10.11

10.33
10.55
9.70
9.83
11.22
ID. 16

9.72
9.65
10.03
9.35
10.43
9.65

10.21
10.32
10.55
9.75
10.72
10.04

9.92
10.25
9.97
10.14
10.35
9.51

10.31
10.00
10.24
10.05
10.64
9.88

For d e s c r i p t i o n of r e v i s e d s e r i e s see pp. 468-477 of the

'
,

~

Table 3
.
Bank Rates on Long-Term Bualneaa Loans —
February 1974 and November 1973

Interest rate
(per cent per annum)-

Feb.
1974
21.0
8.3
11.7
6.2
6.3
5.7
16,2
1.8
11.9
10.8

Less than 9.50
9.50
9.51 - 9.99
10.00
10.01 - 10.49
10.50
10.51 - 10.99
11.00 ...
11.01 m 11.49
11.50 and over

Total - Number of loans

rlV

March 27, 1974

Percer tage d i s t r i b u t i o n oi d o l l a r amount bv s j ze of loan
$1,000-89.999
$10.000-$99.999
$100,000-$1499.999
$500,000-8999.999
Feb.
Nov.
Feb.
Feb.
Nov.
1974
1973 1
1974
1973
1974
1973
1974
20.7
21.0
20.4
19.5
20.1
14.6
17.0
3.5
4.2
.8
6.9
2.0
10.1
3.0
6.2
9.5
3.0
3.5
5.6
13.2
9.6
9.5
17.6
17.5
4.2
7.2
14.1.
6.4
II.O •
16.0
9.6
11.2
2.2
.3
5.5
6.8
8.7
15.6
5.8
19.8
6.7
10.6
3.2
6.9
9.4
3.2
4.8
4.1 .
3.2
7.8
6.8
4.0
10.7
7.1
12.4
1.4
8.3
6.2
11.3
5.6
6.3
2.3
4.1
20.6
19.8
3.6
3.4
9.3
5.9
2.0
h!
27.3/
22.9
24.7
22.3
21.3
13.4
17.2
27.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

456,523
713

316,002
720

506
107

753
148

9,774
262

11,508
300

46,892
205

10.68

10.74

T o t a l per cent
Total - Dollar amount*

'
All s i z e s
Nov.
1973
5.6
8.0
18.6
5.4
6.3
1.8
11.3
1.1
18.3
23.6

-

100.0
32,205
153

4

$1,000,000 and over
Feb.
19^
22.2
3.4
8.0
9.2
20.3
11.6
5.0
2.9
6.0
2.9
1.1
5.5
r
13.1
18.1
.8
14.3
22.5
8.2
24.5

100.b

100.0

37,380
56

36,407
53

361,971
83

10.24

10.54

10.09

100.0

100.0
235,129
66

WEICJHTBD AVE!IAGE RATES (per cent per annum)
35 c e n t e r s

.

New. York City
t Other Northeast
8 North Central
7 Southeast
8 Southwest
4 West Coast
U
* -

10.16

10.36

10.42

10.45

10.03
11.05
9.69
10.93
10.92
10.48
10.17
10.80
10.93
10.32
10.07
;
10.48
10.92
10.51
10.08
9.69
10.40
10.93
12.33
10.49
9.10
10.98
13,59
9.90
10.28
10.88
10.95
10.22
10.23
9; 75
10.18
9.92
10.75
10.21
10.29
Beginning February 1971 the Quarterly Survejr of I n t e r e s t Rates on Business Loans was r e v i s e d .
June 1971 B u l l e t i n .
""'i
Dollar amounts i n thousands.




|

10.47

10.23

10.78

1 10.06
10.45
10.60
10.02
11.12
9.95
| 10.19
9.83
10.58
10.58
10.29
10.45
10.12
10.10
. 11.16
. & S
10.57
1
- 12.48
13.07
14.20
8.90
10.96
15.73
1 10.56
10.15
9.63
10.59
9.79
10.21
j 10,64
9.80
10.22
9.55
10.15
.10.73
For d e s c r i i j t l o n of irevised serdLea see pp. 468-477 of the