View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

FEDERAL RESERVE statistical release
For Immediate Release
March 24,1993

E.2

SURVEY OF TERMS OF BANK LENDING MADE DURING FEBRUARY 1-5,1995
TABLE 1
Commercial and Industrial loans made by all commercial banks1

MAR 2 9 I 9 9 3
L--

L o a n M e i M W H n b U
Loan Characteristics

Amount
of Loans
($1,000)

Weighted
Average
Maturity2

Average
Size
($1,000)

Made Under
Standard
Error 4

Secured by
Collateral

Commitment

Participation

Most
Common
Base
Pricing
Rate 5

Days

All C&l loans
1 Overnight6

7,333,668
7,208,296
5,748,921
1,459,376

8 Demand 7
9
Fixed rate
10 Floating rate

14,812,621
4,065,279
10,747,342
37,060,536

6.5

Other

4.20
4.08
4.66

0.20
0.26
0.28

27.0
20.7
52.1

73.3
71.5
80.3

7.7
7.1
10.0

Other
Other
Prime

5.54
4.83
6.02

0.18
0.26
0.22

55.1
42.6
63.3

83.1
76.3
87.6

5.4
1.6
7.8

Prime
Foreign
Prime

5.45
4.17
5.93

0.18
0.31
0.16

63.2
23.9
78.0

66.9
67.8
66.5

3.2
3.5
3.1

Prime
Domestic
Prime

58

315

62.3

4.92

0.17

43.4

70.6

5.2

Prime

0.27
0.24
0.12
0.11
0.05
0.08
0.12

19.7
72.6
58.1
47.8
24.9
16.4
15.6

68.1
36.0
62.2
70.6
75.3
70.5
66.1

5.3
1.0
6.6
8.7
7.1
6.6
4.3

Other
Other
Other
Other
Other
Domestic
Other
Prime
Prime
Prime
Prime
Prime

288
894
230

11 Total under one year
Fixed rate
By size ($1,000)
12
1-99
13
100- 499
14
500 - 999
15
1000 - 4999
16
5000 - 9999
17
10000+
18
Floating rate
By size ($1,000)
19
1-99
20
100-499
21
500 - 999
22
1000 - 4999
23
5000 - 9999
24
10000+
25

7.1

150
115
172

134
141
130

0.24

17
17
17

963
1,911
326

7,705,951
3,063,944
4,642,006

3.94

6,404

2
3
4

Weighted
Average
Effective3

i p ^ l n t o f Amount of Loans

One month and under
(excluding overnight)
Fixed rate
Floating rate

Over one month and
5 under one year
6
Fixed rate
7
Floating rate

20,211,700
339,729
332,759
380,367
3,661,256
3,952,280
11,545,310

663
13
190
645
2,312
6,895
18,611

28
178
87
61
31
27
21

4.16
8.43
6.34
4.97
4.40
4.16
3.86

16,848,836
1,636,952
2,908,572
1,477,933
3,941,534
1,598,714
5,285,131

194
24
196
676
1,973
6,715
22,473

135
159
160
140
154
128
84

5.85
7.42
6.89
6.77
6.09
5.20
4.54

0.18
0.06
0.06
0.14
0.18
0.38
0.44

71.7
83.7
75.5
73.4
60.1
52.5
79.9

73.5
83.4
89.1
89.7
88.0
74.2
46.4

5.0
1.7
6.5
7.6
6.1
6.4
3.3

5,082,959

193

6.39

0.19

64.4

71.9

8.2

Prime

66.9
93.6
93.6
75.8
56.7

62.8
19.1
33.0
49.0
77.1

3.5
0.1
3.2
5.9
4.0

Other
Other
Prime
Other
Other

63.3
88.6
75.6
78.8
54.0

75.8
53.4
69.3
72.7
80.7

10.3
2.5
7.5
7.6
12.4

Prime
Prime
Prime
Prime
Prime

Prime

Fed Funds

Months
26 Total one year and over
Fixed rate
By size ($1,000)
27
1-99
28
100 - 499
29
500 - 999
30
1000 +
31
Floating rate
By size ($1,000)
32
33
1-99
100-499
34
500 - 999
35
1000 +
36

44

1,534,899
202,898
185,710
71,990
1,074,302

126
19
168
661
4,138

47
37
50
61
47

6.43
8.98
8.11
7.07
5.62

0.33
0.07
0.28
0.56
0.74

3,548,060
243,261
649,014
423,420
2,232,365

252
25
203
655
3,811

43
43
40
61
41

6.38
8.13
7.30
6.88
5.82

0.18
0.11
0.18
0.21
0.19

37 Overnight6
38

One month and under
(excluding overnight)

Over one month and
39 under one year
40 Demand

7

41 Total under one year
42 Fixed rate
43 Floating rate

7,183,113
6,668,363

7,425,035

Digitized forFootnotes appear on the last page.
FRASER


6.6

6.00

3.97

3.96

23.0

73.3

7.3

6.00

4.28

4.25

37.6

86.2

4.8

6.09

3.93

2,137
2,839
1,235

61.5

3.90

50.0

46.0

2.3

6.01

3.99
3.98
4.00

3.96
3.96
3.96

28.4
17.0
62.2

64.2
68.3
52.1

5.3
5.5
4.5

6.02
6.01
6.04

4.59
4.36
4.74

4.53
4.32
4.68

42.9
34.9
48.4

81.9
75.5
86.3

4.9
6.5
3.8

6.18
6.14
6.20

3,142

25,536,322
19,077,810
6,458,912

5.7

127

626

3.87

16

3,693

4,259,811

3.89

7,338

36
26
97
I

44 Total one year and over
45 Fixed rate
46 Floating rate

Nominal 8

Days

Loans made below prime 10

1,751,431
709,950
1,041,480

566
464
667

Months
47
42
51

E.2

SURVEY OF TERMS OF BANK LENDING MADE DURING FEBRUARY 1-5,1993
TABLE 2
Commercial and Industrial loans made by large banks1
Percent of Amount of Loans

Loan Rate (percent)
Loan Characteristics

Amount
of Loans
($1,000)

Average
Size
($1,000)

Weighted
Average
Maturity2

Weighted
Average
Effective3

Made Under
Standard
Error 4

Secured by
Collateral

Commitment

Participation

Most
Common
Base
Pricing
Rate 5

Days

All C&l loans
1 Overnight6

5,687,807

6,871

-

4.00

0.21

8.4

59.7

8.4

Other

5,539,357
4,425,194
1,114,163

3,657
5,202
1,678

16
16
15

4.13
4.09
4.28

0.18
0.18
0.30

28.3
22.0
53.4

74.6
71.7
86.2

6.2
5.6
8.7

Other
Other
Domestic

3,903,242
1,705,237
2,198,005

718
2,159
473

133
98
160

4.95
4.51
5.28

0.18
0.24
0.22

49.3
44.1
53.4

87.0
81.3
91.4

6.3
1.8
9.7

Prime
Foreign
Prime

8 Demand 7
9
Fixed rate
10 Floating rate

10,129,528
2,697,965
7,431,564

557
2,520
434

-

5.17
4.06
5.57

0.13
0.18
0.15

64.4
27.5
77.8

61.0
71.1
57.4

1.4
0.2
1.9

Prime
Domestic
Prime

11 Total under one year
Fixed rate
12
By size ($1,000)
13
1-99

25,259,935

972

40

4.64

0.14

41.6

67.7

4.8

Other

14,516,203
20,611

21
122

4.10
6.83

0.17
0.17

201,898
2,350,399
2,732,399
9,083,757

4,102
25
235
680
2,336
6,852
18,767

68.0
56.1
73.0
85.4
71.2
69.6
66.3

5.2
1.6
5.7
6.5
5.7
8.8
4.0

Other
Prime
Other
Other
Other
Domestic
Other

10,743,732
442,319
1,251,008
699,851
2,107,299
1,181,331
5,061,924

479
32
207
670
2,043
6,855
22,624

Prime
Prime
Prime
Prime
Prime
Prime
Fed Funds

2,594,212

693

487,766
14,968
31,728
34,879
406,191
2,106,446
41,178
247,677
205,150
1,612,441

2
3
4

One month and under
(excluding overnight)
Fixed rate
Floating rate

Over one month and
5 under one year
6
Fixed rate
7
Floating rate

14

15
16
17
18
19
20
21
22
23
24
25

100-499

500-999
1000-4999
5000-9999
10000 +
Floating rate
By size ($1,000)
1-99
100-499
500 - 999
1 000 - 4999
5000 - 9999
10000 +

127,140

40
23
26
17

5.54

4.84
4.51
4.25
3.91

0.14

0.15
0.09
0.10
0.13

20.3
62.7
55.2
36.3
28.1
21.1
17.1

111
146
149
152
138
104
80

5.38
7.26
6.87
6.50
5.94
5.22
4.50

0.18
0.13
0.09
0.15
0.23
0.43
0.45

70.3
82.5
73.8
63.2
52.7
59.9
79.1

67.3
92.0
92.4
87.8
87.8
75.9
45.6

4.2
1.4
3.7
7.1
5.8
4.2
3.5

42

5.94

0.18

51.4

79.1

12.5

Prime

611
30
193
699
4,351

43
45
48
62
41

5.38
9.15
7.58
7.37
4.89

0.35
0.26
0.44
0.49
0.89

43.7
94.3
78.2
75.8
36.4

77.1
18.5
62.2
55.3
82.3

9.4
1.1
4.8
4.1
10.6

Foreign
Other
Other
Other
Foreign

715
35
234
659
4,097

42
38
36
35
44

6.07
7.17
6.98
6.52
5.85

0.12
0.13
0.13
0.19
0.14

53.2
87.2
77.4
66.9
46.9

79.6
74.1
82.4
78.7
79.4

13.2
7.8
11.5
13.1
13.6

Prime
Prime
Prime
Prime
Prime

70

Months
26 Total one year and over
Fixed rate
27
By size ($1,000)
28
1-99
29
100-499
30
500 - 999
31
1000 +
Floating rate
32
By size ($1,000)
33
1-99
34
100-499
35
500 - 999
36
1000 +

|

I

Loans made below prime 10
37 Overnight6

5,553,819

7,646

One month and under
38 (excluding overnight)

5,239,032

5,594

Over one month and
39 under one year

2,749,775
5,785,907

40 Demand

7

41 Total under one year
42 Fixed rate
43 Floating rate

19,328,533
13,917,872
5,410,661

Nominal 8

Days

Prime
Rate 9

I

3.95

3.94

6.9

58.7

8.6

6.00

15

3.99

3.98

25.5

74.8

5.4

6.00

4,170

114

4.18

4.16

38.9

87.7

6.6

6.00

4,791

—

3.86

3.82

58.4

41.7

0.1

6.00

3.97
4.00
3.87

3.94
3.99
3.83

31.9
18.7
65.9

62.1
67.3
48.8

4.9
5.3
3.8

6.00
6.00
6.00

4.42
4.15
4.54

4.36
4.10
4.47

33.3
23.3
37.8

89.5
86.4
90.9

7.5
13.0
5.0

6.00
6.00
6.00

5,475
5,694
4,982

29
20
82
Months

44 Total one year and over
45 Fixed rate
46 Floating rate
Footnotes appear on the last page.




1,067,696
331,369
736,327

2,852
2,916
2,824

46
36
50

E.2

SURVEY OF TERMS OF BANK LENDING MADE DURING FEBRUARY 1-5,1993
TABLE 3
Commercial and Industrial loans made by other banks1
Loan Rate (percent)
Loan Characteristics

Amount
of Loans
($1,000)

Average
Size
($1,000)

Weighted
Average
Maturity2

1 Overnight6

1,645,861

5,186

One month and under
2
(excluding overnight)
3
Fixed rate
4
Floating rate

1,668,939
1,323,727
345,213

Over one month and
5 under one year
6
Fixed rate
7
Floating rate

11 Total under one year
Fixed rate
12
By size ($1,000)
13
1-99
14
100-499
15
500-999
16
1000-4999
17
5000-9999
18
10000 +
Floating rate
19
By size ($1,000)
20
1-99
21
100- 499
22
500 - 999
23
1 000 - 4999
24
5000 - 9999
25
10000 +

Made Under
Standard
Error 4

Secured by
Collateral

Commitment

Participation

Most
Common
Base
Pricing
Rate 5

Days

All C&l loans

8 Demand 7
9
Fixed rate
10 Floating rate

Weighted
Average
Effective3

Percent of Amount of Loans

-

3.70

0.45

2.6

71.2

0.0

Fed Funds

280
613
91

20
19
21

4.41
4.03
5.88

0.24
0.34
0.29

22.9
16.4
47.8

68.8
70.8
61.1

12.6
12.2
14.1

Fed Funds
Fed Funds
Prime

3,802,709
1,358,708
2,444,001

73
65
79

167
137
183

6.16
5.22
6.68

0.18
0.29
0.19

60.9
40.7
72.2

79.1
70.0
84.2

4.4
1.4
6.2

Prime
Other
Prime

4,683,093
1,367,314
3,315,778

141
393
112

6.05
4.37
6.74

0.23
0.41
0.16

60.5
16.7
78.5

79.6
61.3
87.1

7.1
9.9
5.9

Prime
Other
Prime
Prime

~

11,800,602

129

94

5.52

0.19

47.2

76.7

6.0

5,695,497
319,118
205,619
178,469
1,310,856
1,219,881
2,461,554

211
13
170
609
2,271
6,995
18,058

50
180
95
84
45
31
36

4.30
8.53
6.84
5.13
4.20
3.96
3.70

0.31
0.24
0.10
0.17
0.07
0.09
0.15

18.3
73.3
59.8
60.8
19.1
6.0
10.2

68.4
34.7
55.5
53.8
82.7
72.3
65.5

5.6
1.0
7.1
11.1
9.6
1.6
5.4

Fed Funds
Other
Other
Prime
Other
Fed Funds
Fed Funds

6,105,104
1,194,633
1,657,564
778,082
1,834,235
417,383
223,207

95
22
189
681
1,898
6,348
19,525

163
161
164
133
173
175
182

6.67
7.48
6.90
7.00
6.27
5.13
5.52

0.17
0.08
0.06
0.18
0.22
0.62
0.40

74.3
84.1
76.8
82.5
68.6
31.6
100.0

84.4
80.2
86.7
91.4
88.1
69.3
64.2

6.5
1.8
8.6
8.0
6.4
12.8
0.0

Prime
Prime
Prime
Prime
Prime
Prime
Prime

2,488,748

110

46

6.86

0.18

77.9

64.3

3.8

Prime

1,047,133
187,930
153,982
37,111
668,110

92
18
164
630
4,019

48
36
51
59
50

6.92
8.96
8.22
6.80
6.06

0.30
0.05
0.24
0.78
0.53

77.7
93.6
96.8
75.8
69.0

56.1
19.2
27.0
43.1
74.0

0.7
0.0
2.9
7.6
0.0

Other
Other
Prime
Other
Other

1,441,614
202,084
401,337
218,270
619,924

129
24
187
651
3,224

45
44
42
85
33

6.82
8.32
7.49
7.21
5.75

0.20
0.16
0.20
0.25
0.31

78.1
88.9
74.5
90.0
72.6

70.2
49.2
61.1
67.1
84.0

6.0
1.4
5.0
2.5
9.4

Prime
Prime
Prime
Prime
Prime

Months
26 Total one year and over
Fixed rate
27
By size ($1,000)
28
1-99
29
100-499
30
500 - 999
31
1000 +
Floating rate
32
By size ($1,000)
33
1-99
34
100-499
35
500 - 999
36
1000 +

I

Loans made below prime 10

Days

Prime
Rate 9

Nominal 8

37 Overnight6

1,629,294

6,454

--

3.67

3.64

1.6

70.9

0.0

6.00

One month and under
38 (excluding overnight)

1,429,331

1,645

20

3.90

3.88

14.2

68.0

14.3

6.01

151

4.47

4.43

35.2

83.5

1.6

6.24

4.17

4.17

20.3

61.0

10.0

6.02

4.05
3.92
4.68

4.03
3.90
4.64

17.6
12.4
43.1

70.7
70.9
69.4

6.4

I
S

6.07
6.03
6.24

4.85
4.54
5.22

4.81
4.51
5.17

58.0
45.0
74.1

70.1
66.0
75.1

0.8
0.7
0.8

6.45
6.27
6.69

Over one month and
39 under one year

1,510,036

246

40 Demand 7

1,639,129

1,419

41 Total under one year
42 Fixed rate
43
Floating rate

6,207,789
5,159,938
1,047,851

737
1,207
253

-

57
41
144
Months

44 Total one year and over
45
Fixed rate
46 Floating rate
Footnotes appear on the last page.




683,735
378,582
305,153

251
267
235

49
46
53

'

NOTES
The Survey of Terms of Bank Lending to Business collects data on gross loan extensions made during the first full
business week in the mid-month of each quarter by a sample of 340 commercial banks of all sizes. The sample data are
used to estimate the terms of loans extended during that week at all insured commercial banks. The estimated terms of
bank lending are not intended for use in collecting the terms of loans extended over the entire quarter or residing in the
portfolios of those banks. Historical data back to 1977 presented in the format of the current E.2 release are now
available.
1. As of September 30,1990, assets of most of the large banks were at least $7.0 billion. For all insured banks, total
assets averaged $275 million.
2. Average maturities are weighted by loan size and exclude demand loans.
3. Effective (compounded) annual interest rates are calculated from the stated rate and other terms of the loans and
weighted by loan size.
4. The chances are about two out of three that the average rate shown would differ by less than this amount from the
average rate that would be found by a complete survey of lending at all banks.
5. The most common base rate is that used to price the largest dollar volume of loans. Base pricing rates include prime
rate (sometimes referred to as a bank's "basic" or "reference" rate); the federal funds rate; domestic money market
rates other than the prime rate and federal funds rates; foreign money market rates; and other base rates not included
in the foregoing classifications.
6. Overnight loans mature on the business day after they are made.
7. Demand loans have no stated date of maturity.
8. Nominal (not compounded) annual interest rates are calculated from the stated rate and other terms of the loans and
weighted by loan size.
9. The prime rate reported by each bank is weighted by the volume of loans extended and then averaged.
10. The proportion of loans made at rates below the prime may vary substantially from the proportion of such loans
outstanding in banks' portfolios.