Full text of E.2 Survey of Terms of Business Lending : March 1976
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/ # & . . statistical R E S E R V E F E D E R A L ymm- r e l e a s e Table 1 BANK RATES ON SHORT-TERM BUSINESS LOANS • February 1976 - November 1975 < Interest rate (per cent per annum) Nov. 1975 .2 8.7 29.3 .3 " 4.0 17.8 3.0 8.7 Less than 6.75 6.75 6.76 •: 6.99 7.007.01 - 7.49 7.50 7.51 - 7.99 8.00 8.01 - 8.49 8.50 and over 1 .6 , - : 1.1 32.0 15.5 7.5 12.4 30.3 Total - Dollar amount* 3,213,132 l Total - Number of loans 14,636 13,69*7 Total per cent 100.0 100.0 3,367,651 Sl.000-$9.999 Nov. Feb. 1975 1976 1.8 1.2 .1 1.3 .6 , 1.1 1.1 1.3 7.3 1.3 1.6 -1.2 6.4 4.3" - 4.2 5.2 8.0 84.2 67.5 S10.000-$99.999 Nov. Feb, 1975 1976 .3 .5 .1' 4.5 .1 .3 3.2 .3 11.2 3.8 3.7 4.3 14.4 7.9 . 4.2 9.2 11.3 73.7 46.8 March 29, 1976 ' dollar .amount by size of loan $500,000-$999.999 $100.000-$499.999 1976 1.1 17.3 6.4 18.8 4.7 14.6 3.2 8.8 25.1 1975 •5 .2 .1 .3 13.1 11.1 10.9 14.0 49.8 1976 ^ > 1-8 28.0 . .3 7,2 . 19.5 5.2 12,3 " 1.5 6.5 17.9 ' 1975 .2 .2 .8 23.5 12.1 7.5 13.9 41.8 LOO .0 1 $1,000,000 and over Feb. 1975 1976 .2 12.0 . .9 34.4 .3. 3.1 ^ ; 18.2 2.3 6.6 17.7 3.2 6.8 12.2 3.6 , 16.4 21.6 100.0 100.0 100.0 100.0 100.0 100.0 100.0 20,066 17,411 209,608 197,450 429,832 432,252 319,626. . 324,095 2,2 34*; 000 2,396,443 4,519 3,948 6,655 '6,267 508 752 826 icfo.o 100.0 2,202 2,148 508 WEIGHTED AVERAGE RATES (per cent per annum) >5 centers v- New York City 7 Other Northeast 8 North Central 7 Southeast 8 Southwest 4 West Coast 1/ Beginning February 8.29 9.03 9.56 8.44 9.15 7.80 7.14 7.93 7.50 7.86 7.56 7.77 7.99 8.53 8.15 8.70 8.37 8.67 8.64 9.46 0 8.51 9.44 8.76 9.17 9.34 8.20 8.69 8.21 8.78 8.98 9.36 8.97 9.39 8.94 9.29 7.52 8.06 7.63 10.01 9.13. 9.68 9.38 9.73 8.16 8.60 1971 the Quarterly Survey of Interest Rates on Business Loans was revised. June 1971 Bulletin. * r Dollar amounts in 7.54 thousands. 8,16 7.57 8.06 8.52 8.83 8.51 8.74 8.44 8.77 7.55 8.38 7.33 8.04 7.40 7,77 7.50 7.62 7.44 7:70. 8.17 , 7.03 7.71 7.37 7.29 7.35 7.61 7.87 8.15 7.91 8.36 8.15 8.56 8.61 8.27 8.62 8.18 8,76 For description of revised series see pp. 468-477 ( Table 2 1/ BANK RATES ON REVOLVING CREDIT BUSINESS LOANS February 1976 and November 1975 Interest rate (per cent per annum) 1976 Less Than 6.75 6.76 7.00 7.01 7.50 7.51 - 8.00 6.75 ^ 6.7 28.7 3.4 8.2 1.2 7.8 17.1 Total per cent 100.0 7.49 7.99 Total - Dollar amount* Percentage distribution of dollar amount- hv OOO tm nn nnn a, ™ — $1,000-$9.999 $10,000-$99.999 Feb. Noy. Feb. Feb. Nov. 1976 1975 1976 1975 1976 1975 ' 1.3 .9 27.0 6.99 8.01 - 8.49 8.50 and over Total 1975 ' .6 .1 21.5 12.4 20.0 15.2 30.2 100.0 2.1 7.4 2.1 6.9 4.9 13.5 .60.8 ' .2 • .4 6.6 2.8 89.5 7.1 11.1 40.5 100.0 100.0 100.0 .5 100.0 1,092 1,261 19,833 19,824 1,617 1,781 246 315 544 563 WEIGHTED AVERAGE RATES 1'" .1 .5 2.7 . 6.2 9.8 8.6 72.3 1,078,157 New York City 7 Other Northeast 8 North Central 7 Southeast 8 Southwest 4 West Coast (per cent thousands. $1,000,000 and over Feb. Nov. 1976 1975 13.0 22.8 11.1 24.8 5.8 11.6 1.1 8.7 23.4 .1 9.9 11.4 17.8 15.4 45.2 8.5 19.7 4.6 13.1 2.4 12.3 16.7 100.0 100,0 100.0 29.8 24.7 13.1 23.0 13.4 35.3 6.0 30.5 2.9 7.1 1.0 7.1 15.7 100.0 .7 .1 23.0 12.7 21.4 15.6 26.4 100.0 100.0 94,741 104,792 76,41I .105,654 782,297 846,626 444 497 120 164 263 242 per annum) 7.50 8.26 9.50 9.93 8.40 9.15. 7.79 8.59 7.51 8.06 7.64, 7.49 7.73 7.32 7.74 8.08 8.63 8.62 9.50 8.51 8.15 8.41 8.56 10.66 9.88 9.59 8.81 8.69 7.42 9.01 10.38 10.11 10.12 9.18 9.71 8.31 7.57 9.23 9.02 8.14 8.15 8.90 8.91 9.57 9.53 9.15 8.99 7.68 7.47 8.34 8.09 7.89 7.59 8.54 8.09 9.34 8.74 8.62 8.34 7.46 7.80 7.46 8.43 8.02 7.87 8.44 8.19 8,65.. 8.30 8.49 8.32 7.50 8.16 7*53 .... 6.75 7.49 7.20 Beginning February 1971 the Quarterly Survey of Interest Rates on Business Loans-was revised . June 1971 Bullet In. * " Dollar amounts in nf rrrrr—r— $500,000-$999.999 Feb. Nov. 1976 1975 .2 974,380 - Number of loans M a r c h 29, 1976 For description of revised series see 8.03 -8.72 8.'.9 pp. 468-477 of the j ...... • % «<. W,. ^ , - . . . . ...... - ' ' Table 3 jy BANK RATES ON LONG-TERM BUSINESS LOANS ~ February 1976 and November 1975 Interest rate (per cent per annum) All sizes " 1976 Less than 6.75 6.75 6.76 - 699 7.00 7 . 0 1 - 7.49 7.50 . 7.51 - 7.99 8.00 8.01 - 8 . 4 9 8.50 and oyer 1.0 • 8.7 .4 4.6 15.2 6.7 19.2 3.6 12.9 27.6 Total per cent Total - Dollar amount* Total - Number of loans Nov. 1975 .1 .1 .1 " i , . Mflr . 9Q 1Q7A ' Perceritage distiribution oiE dollar amc)unt by siLze of loan $1,000 $9,999 $10,000--$99,999 $100.000-<5499.999 $500,000--$999,999 . Feb. Nov. Feb. Nov. Feb. Nov. Feb. Nov. 1976 1975 1976 1975 1976 1975 1975 2.3 1.6 1.2 3.8 1.7 .5 3.9 1.2 2.4 ... . 1.1 4.4 8.0 .9 .4.5 18.4 67.7 1.0 1.8 4.1 7.9 3.4 6.3 73.2 100.0 100.0 100.0 355,935 326,354 616 625. 602 556 124 124 1.4 5.9 10.1 80.9 3.0 8.9 4.3 8.6 5.1 4.2 63.4 7.2 4.3 8,8 75.0 100.0 100.0 100.0 ' 5.7 14.8 5.6 11.. 0 3.6 12.2 42.9 ..9 / # . 100.0 7,705 8,342 32,430 196 221 148 .9 5.9 10.3 9.6 14.2 3.1 2.0 7.4 12,7 72.2 2.3 9.5 13.1 38.6' 100.0 100.0 23,613 $1,000,000 and over 6.9 81,3 ' 100.-0 .6 10.1 .5 4.4 16.0 .6.6 3.8 17.1 4.0 36.9 4.6 20.1 66.1 9.1 100.0 -1.00.0 21,523 287,619 272,251 8.26 9.16 7.89 7.25 8.10 7.90 7.97 8.79 9.12 9.46 8.02 9.90 9.36 • 8.97 9; 49 7.68 7.98 7.86 8.57 7.84 8.28 27,565 45 WEIGHTED AVERAGE RATES (per cent per annum) 35 centers New York City 7 Other Northeast 8 North Central 7 Southeast 8 Southwest 4 West Coast u '' ^ 8.02 8.88 7.68 8.16 8.44 ' 9.10 9.03 8.87 8.88 9.27 8.14 8.46 9.44 9.76 8.96 9.18 8.40 9.11 7.43 9.36 9.23 9.69 10.65 8.63 7.37 ,9.84 9.71 7.82 11.60 9.90 8.08 9.32 8.56 9.69 8.69 9.33 9.09 9.39 8.55 8.84 9.44 9.90 • 8.01 8.38 8.35 9.20 8.10 8,85 9.13 9.02 8.94 9.06 9.39 9,32 beginning February 1971 the Quarterly Survey of Interest Rates on Business Loans was revised. Jurte 1971 Bulletin. * ~ Dollar amounts in ' •- For descrif>tion of r evised seriLes see pp. 468-^77 of Ithe thousands. 0.79 " S. ' ^ ' " @32 9.33 8.97 8.54 8,65 '
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