Full text of E.2 Survey of Terms of Business Lending : March 1975

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Table 1
BANK RATES ON SHORT TERM BUSINESS LOANS ^
February 1975 and November 1974 •

-/Interes t rate
(per cent per annum)

"TeFT"

6.2
20.3
14.0
13.3
% 7 ,3 , ,
|
5.8
9.1
3.2
5.1
15.7

Total per cent
Total - Dollar amount*

100.0

0.5
0.1

3.3
4.1
16.5

0.2
1.5
0. I
5.2
LI .0
SI .2
100.0

4,364,54 5

Total - Number of loans

,34 3,595

15,812

6.1
2.8
0.3
2.4

"

0.1

3.2
5.2
5.7..
13.0
9,7 f
. 6. 6

1.8

lb. 3

i:l

•

2.1
66.8
•

e

l

e

a

s

e

"

March 28, 1975

Percentage distribution of dollar amount by ,ize of loan
QQO
c m nnn_ c r.n nr,,,I 7~< ,,7.
T7T7.—TT:
.—rr—
j SHJ'; 000-• '.99,999
500.000-S999.999
Uo v. " I
Feb.
, Nov.
4 #
Nov.
1974
1974

197 5 t
Less than 9.00
9.00
9.01 - 9.49
9.50
'9.51-9.99
10.00
10.01 - 10.49
1:0.50
10.51 - 10.99
11.00 and over

r

100.0

100.0,.

,100.0

HI.863

19,875

224,041

4,651

2.6
0.9
0.3
1.0
2.1
&. 5
.0-4 .
0.8
1.3
82.0

6,941

17,242

100.0
238,064

1.4
0.2

96 8

100.0

100.0

612,792

422^439

518,364

3,156,525

3,954,500

842

1,112

1.428

. 0.1
0,;8
2.9
0.5 <
JO.6 .

100.0
542,677.
2,698

7;4

" zrr
12.0
15.9
17.3
9-3
6.6
12.7
: 3.9
4.5
15.5 .

8.4
12.2
9.6 •
,
10.5
11.7
5.9
8.0
2 3.6

I

3,016 !

"689

0.3

0.2 .

0.9
0.2
1:5
6.1
90.5

25.0
15.6 •
13.5

6.8 .
4t4
8.1
2.4
4.4
12.4

6.7
13.5
78.8

100.0

100.0

WEIGHTED AVERAGE RATES (per
9.94 '

U

11.64

10.94' '

11.81

9.6.1,
10.31'
.. 9.87
..
10.24
10.01" 9.99

New York City
7 Other Northeast
8 North Central
7 Southeast
8 Southwest
4 West Coast

' 11,35
12.22
1 1.66
- 11.52
11 .56
11.48

10.82
12.07
10.55
10.59
10.36
11,2i ' /

12.31
13.03
11.54
11.44
10.87
12.26

1

10.73 :

1.2 .04

10.25;

10.60
11.31 „
10.49
10.52
10.47
.
10.75

12 .11
12,
.84
11,
.99
11 .34
,
.64
11,
11,
.99

10.14
10.64
10.0910.21
10.11
10.22

Beginning February 1971 the Quarterly Survey -of Interest Rates on Business- Loans was revised.
June 1971 Bulletin.

* " Dollar amounts in

thousands.




11.97 .
12.05
•12.46
11.93
11.43
11.77
11.86

9.93
9.74
10.09
9.85
10.22
9.83
10.05

11.80

9.73

11.56'
9.50
12.34
9.96
11.77
' 9.74
11.62
10JL2
11.74
9.84 ,
11.56
9.84
For description of revised series
pp. A68-477 of t h e

11.44

11.21
11.91
11.53

11.62
11.36
11.32

'

' f

*

March 28, 1975
RATI 5 o:: RI.VVLVINC CREDIT BUSINESS LOANS
February 1975 and November 1974

_ d i stri'but

Interest j

F?100,QOQ-S499. 999

1975
Less than 9.00
. 9.00
',,9.01 - 9.49
9.50
9.51 - 9.99

Feb.
1975

1974

' 5.5
15.7
15.8
14.9
8.3
. 9.4
8.7

10.00

10.01 - 10.49
10.50
10.51 - 10.99
1L.00 and over

5.6 '

1.4

100.0

Total per i

1,^39,854

Total - Number of lo;

1,675 ,

IOO.O

9.5
7.9

11.6
52.8
;

1,292,989 i

1974
4.2
l'.l
0.2
0.3
0.3
0.4
0.3

0.6

2.6

13. b

82.6

Total - Dollar amouni

1.7
8. ,
9.8

3.1
11.3

2.1

2.9

1974

Feb,
197.5

100.0

',586

20,866

$500,000-7999.999

Feb.
1975

2.2

2.0

7.6
11.3
14.2
, 13.5

38:r

10.1

' 0.7
5.7
89.9

100.0

100.0

100.0

20,540

104,605

118,364

494

16.9
12.1
5.5
8.5
2.7
7.3
17.5 "

525

535

1974

$ 1 , 0 0 0 , 0 0 0 arid o v e r
Feb.
Nov.
1975
1974

17.5

6.2

36.;,

100.0

1974

23.3

3.1

1,688 :

Feb.
1975

6.2

0.7 .
0.6

12.8
85.9

•

16.4
16.9
14.9
7.4
9.8
8.7
. 1.9
2.1 .
15:8

2.8
14.7-

81,2

100.0

100.0

100.0

100.0

113,6-67

108,481

1,200,130

1,044,958

-174

.345

350

WEIGHTED AVERAGE RATES (per cent per annum)
9.20

11.60,

11.03 |

7.8410.83
10.32
9.77
10.54
9.52

New York City
7 Other Northeast
8 North Central
7 Southeast
8 Southwest
4 West Coast

11.60

10.98
12.05
11.77
10.61
11.61
10.67

B e g i n n i n g F e b r u a r y 1 § ~ 1 t h e C'jar ter..lv S u r v e y
J u n e 1971 B u l l e t i n .
' Dollar amounts in

12.26
11.82
11.53

12.06
11.39 '
of I n t e r e s t

Rates

10.56

|
|
I
I
I
i

12.25
12.08 '
13.34
13.03 {
12.70

12.00

10.14

11.99

10.18

11.60

8.98

10.59
10.60
11.14
10.41

11.18

11.97
1 1.98
12.29
11.41
12.33

9.98
. 9.97
10.97
10.35
10.57

11.89
11.68
12,57
13.09

11.77
11.75
11.79
10.98

10.13

11.89

9.8*7
10.98
10.24
9.00
10.75
10.17

7.61
10.90
10.22
9.76
10.3.7
9.40

Business Loans was revised.

9.77

12.28
11.68

11.82
*11.57

For description of revised series see

pp. 468-477 o f the
'

thousands.




'

x

' *

1V>.

Table 3
1/
BANK RATES ON LONG-TERM BUSINESS- LOANS
February 1975 and November 1974
<

T-

Interest rate
(per cent per annum)

All
Feb.
1975
'A"

Less than 9.00
9.00
9.01 - 9.49
9.50
9.51 - 9.99
10.00
.
10.01 - 10 i 49
10.50
10.51 - 10.99
J.1.00 and over

3.5
11.4
10.9
15.5
6.8
9.4
6.9
1.3
11.4,
22.8

2.6
0.1
0.5
1.1
2.1
0.7 .
92.8

100.0

100.0

265,8^5

454,024

Total per cent
Total - Dollar amount*

1974

'

Total - Number of loans

593

752

March 28, 1975

Percentile distribution of dollar amount by si.ze of loan
r
$10,000-$99,999
$100,000-$499,999
$500,000- $999,999
$1,000-•$9,999
Feb.
Feb.
Nov.
Nov.
Feb.
1975
1975
1975
1974
1974
1974
1974
1975
5.5
2,1
•4.4
11.1
2.1 __
9.9 ~ "
12.3 .
6.3
6.3
40.2

3.5

80.1

4.6
0.8
80,3

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

625

844

9,168

9,933

30,058

38,305

27,759

40,681

218,225

364,261

165

233

266

136

169

41

38

0.8
0.4
3.4

1.4
5.1
10.2
6.2
9.8
2.1
48.2

119

. 2.0

'

.

0.3

4.4
0.3
2.9
1,8
86.7

11.5
13.6
1.8
13.3
5.0
13.9. '
4.6
2.8 •
.
4.7
28.7
100.0

5.4

1974

15.3
0.9
"1.0
8./
4.7
5.5
7.1
9.6
3.5
43.6

11.5
,-1.8

14.3
2.7

3.7
2.3
0.9
0.8
0.6
5,9

$1,000,000
Feb.
1975

3.2 .
3.9

87.5

1.7
12.8
13,5
16.7
7.7
9.0
6.5
13.3
18.7

64

2.0

0.3
0.4
2.2L.
0.7
94.3

94

'

WEIGHTED AVERAGE' RATES (per cent per annum)
,35 centers

. 1 0 . ,26

New York City
7 Other Northeast
8 North Central
7 Southeast
8 Southwest
4 West Coast

•
...

12.
.16

10,
.54

11.
.74

.5,5
10.

' 12.04

10.57

12 ,09

9.
,62

11.
,96

9,
.27

.87
8.

10,.82

11.45

10.46

12 .37

1 0 . .48
1 1 . .33
10. .42
.87
9.
1 0 . .07

'

12,.35 .
12.
.29
13.
.81
12.
,27
12,.01

10, .99
10,
.32
.67
9,
11,
.99
8,
.36

.77
• 12.52
,66
10.
12.
11.89
10,.90
10.
.25
,11.45
11,.21
10.• 47
12.18 .
12. 39- . 10,,12
11.99
10.
.77
12.
.75
less Loans was revised.

10,
.16

a . 71

10,
,21

12,
.23

9,
.78
12.02
9.
,53
,11,
,93
"
.98
10.51
11,
10,
,20
11.55
10.
.49
12,
10.17
11,
,90
9,
,45
11.75
11.
,81
12,
11.11
12,
•
, 12.02
.14
11, 95
9.
,16
17,
'
10.46
.28
12,
10,
,09
12.68
9.
,60
12,,49
11.28
12.
.04
10,
,94
11.60
,78
9.
12,, 0
.6
For description of revised series
pp. 468-477 of the

June 1371 Bulletin.
- Dollar amounts In

thousands i




V