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Eo2 •_ " -- ' ' 'BOARD'OF'GOVERNORS OF THE FEDERAL RESERVE SYSTEM ' October 6, 1 W """ BANK RATES ON SHORT-TERM BUSINESS LOANS 1/ September 1-1%, 1959 and June 1-1!), 1959 " All sizes Sept. June 1959 1959 - 1.0 .................. Percentage distribution of dollar amount by size of loan $1,000-: 10,000 $10,000-^100,000 $100,000-$200,000 $200,000 and over Sept. June Sept. June Sept. June Sept. June 1959 ' 1959 1959 1959 1959 1959 1959 1959 2.6 l.l 1.4 0.9 1.5 0.9 2.9 1.0 2.7 1.5 1.6 9.6 7 9 2.0 1.9 24.8 10.5 5.8 0.9 66.1 6.0 24.3 9.0 • 14.4 1.7 64.25.8 10.8 3.6 10.9 5.1 5.9 0.6 Over ti-l/2 and less than 5% U.9 1.1 ' 56,3' 6.5 . 0.9 0.7 4.3 3.2 Over 5 and less than 5-1/2% 5-1/2%..,,.. Over 5-1/2 and less than 6% 54.8 , 6.7 13.7 4.6 13.4 6.0 8.1 0.9 8.6 2.8 16.6 4.6 lii.9 4.0 18.7 3.0 24.8 14.7 8.8 10.4 26.0 19.9 9.4 " 3.1 29.5. 12.5 23.8 7.5 46.0 18.6 #0.0 10.5 27.6 9.7 18.2 lio6 17,3 4.7 9.2 3.2 6.6 1.2 2.2 o.5 100.0 100.0 100.0 100.0 100 oO 100.0 100.0 100.0 10.5 2.7 lOOeO 5-0" 1.2 100.0 Total - Dollar amount*..... 2,793,89k 3,233,202 1 Total - Number of l o a n s . . . * 21,992 Weighted average r a t e : 19 Cities New York City 7 Northern,and Eastern. 11 Southern and Western 5.27 5.15 5.27 5.1ih 26,325 4.87 a. 71. 4.90 5.07 36,959 36,767 9 , 6 7 ^ 10,195 '5.91 5.79 5.88 5.97 5.68 5.55 5.67 5.74 ' " 325,89U 312,889 231,250 237,256 2,196,791 2,614,290 10,671 11,218 5.65 5.60 5.69 5.65 - 5.33 5.24 5.33 5.37 • 1,897 1,9W 5.43. 5.36 , 5.12 5.50 . 5.06 1.97 5.06 5.13 2,750 5.15 5.07 5.17 5.29 2,969 It.72 4.61 . 4.78 U. 87 ' * Dollar amounts in thousands. 1 / Based on reports by a sample of mainly large banks in 19 leading c i t i e s . ~ Federal Reserve Bulletin, March 1949,t pp. 228-237. Note.—Prime rate increased from U-l/2 to 5 per cent September 1. For a description of the survey, see <
@FedFRASER