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R & S 2151 BOARD . (On Office"- OF G O V E R N O R S I OF N copies only; ; V THE FEDERAL R E S E R V E SYSTEM WASHINGTON 2 5 . D. C . November b j 1955 Dear S i r : . ' < ' C e r t a i n r e v i s i o n s hav'ia been made i n t h e September 1 - 1 5 average i n t e r e s t r a t e s on b u s i n e s s l o a n s forwarded t o you i n our l e t t e r dated October 12, 1955 (R & S 21u9a), These r e v i s i o n s r e p a i r e d fro* the e l i m i n a t i o n from s u r v e y d a t a of one l a r g e loan and a f f e c t the "All. s i z e s " and "$200,000 and over" columns i n t h e t a b l e 0 gp ' The r e v i s e d f i g u r e s and those o r i g i n a l l y shown f o r September 1 - 1 $ , • 'i 1 % $ are as f o l l o w s : . ' Percent age d i s t r i b u t i o n by s i z e of loan lb200,000 and over All s i z e s 'September. 1955 September, 1955 Interest rate As origi| As o r i g i Revisbd I n a l l y shown Revised n a l l y shown — — 170 m r Less t h a i T l T ^ 2^777777777 0.J ' 0c3 2-1/2% 0.1 : 0J. Over 2-1/2*and l e s s than 2oh 2*0 57 .h 57,8 Uio8 Over 3 and l e s s than 3-1/2% ,U5oi 12^3 1 2 o U li o5 ! I l c 6 3-1/2% 6*9 7,0 . 7.7 Over 3 - 1 / 2 and l e s s than h% 5.6 5,5 ' 8oh ' b%»o • - 7,9 12.3 ' 12oh j Over It and less, than 5p» •Uo7 7.8 7.9 Ook 1,2 Over 5 and l e s s than 6%. , 0o9 2,7 . ' 0u2 Over 6% ioo.o 100c 0 T o t a l Per cento*.« C99775 1,109,775 1,939,019 Total - D o l l a r amount*o Weighted average r a t e t 3,51 3.56 3,76 19 C i t i e s 3,77 3.39 3.5L New York C i t y 3.58 3.76 7 Northern and E a s t e r n 3*82. 3,88 hoQ7 11 Southern and Western 1,11 * D o l l a r amounts i n thousands 8 /lery t r u l y ^ C±?Z 'yd (. ' 7/James B, E c k ^ r t C h i e f , Banking S e c t i o n Division of Research and S t a t i s t i c s http://fraser.stlouisfed.org/ TO HEADS OF RESEARCH AT ALL RESERVE: BANKS Federal Reserve Bank of St. Louis
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