Full text of E.2 Survey of Terms of Business Lending : September 1971

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V FEDERAL

, -7

RESE R V E

S T A T I S T I C A L

r

e

l

e

a

s

..September 17,
Table
• j. j E . 2

1971

1

U R A T E S ON SHORT-TERM BUSINESS LOANS
A u g u s t 1 9 7 1 and May 1 9 7 1

Interest rate
(per cent per,annum)
Less
6.00
6.01
6.50
6.51
7.00
7.01
7.50
7.51
8.00

e

than
,
-

Aug.
1971

6

1.6
41,9
17.9
10.0
5.9
5.4
3.9
3.2
2.4
7.7

6.49

" Dollar

Total

- Number o f

1.1

5.4
9.0
7.3

7.5
4.2
5.4
3.0

6.0

0.9
7.4

8.6
11.1

15.3
10.3
13.8

1.5
19.0
19.7
10.7
10.4
8.8

42.2
11.3

12.1

$500.000-$999.999
Aug.
A
May
1971
1971

1.8

1 S I . 0 0 0 . 0 0 0 and o v e r
1 Aug.
r
'
Mav
May
1971 •
1971

60.4
7.8
10.3
4.0
4.6
•
3.1
1.3

35.2
21.7

5 5 "9
18-. 1

cent

amount*
loans

4.2
3.2
2.4
2.3
1.7
1.3
5.0

7.2
8.7
9.0
41.2

34.6

22.8

18.2

3.4
13.7

8.6

5.3
•5.2
4.7
2.9
8.4

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100,0

•100.0

3,288,885

26,203

100.0

28,137

100.0

263,727.

269/385

565,385

587,640

379,208

389,415

1,817,750

2,014,308

19.971

6.480

6.887

•2.925

3-024

622

634

79.Q

4.8
8.5
8.4
7.2

12.6

8.8

11.3

11.2
11.3 '
7.5
7.8

8.354

8.8
8.4

6.1

7.8
5-4 ,
• 5.9

8.570

WEIGHTED AVERAGE RATES ( p e r c e n t

7.0
5.4
3.8
3.8

2.8

•

3.1

8.1

6.8

Beginning February
May 1 9 6 7 B u l l e t i n .

* " Dollar

amounts

1967

i

2.6




0.3
1.7

'

'

7.47

7.28

6.94

6.88

6.37

6.57

6.04

6.27

5.66
6.25
5.95
6.37
6.17
6.12

7.49
7.88
7.37
7.75
7.62
8.06

6.85
7.69
7.08
7.67
7.35
7.84

7.01
7.52 ,
7.17 '
7.36 ,
7.06
7.44

6.66
7.18
6.69
7.20

6.64
7.07
6.83/

6.13
6.58

6.37
6.81
6.45
6.62
6.74
6.55

5.82
6.22
5.97
6.12
6.19
6.10

6.17
6.42
6.27
6.46
6.31
6.31

Survey

of

Interest

Rates

7:14

on B u s i n e s s L o a n s w a s r e v i s e d .

8*?6

p e r annum)

7.70

i

;

0.6

1.6

0.5
5.3

6.00

Ousterly

in, thousands.

1.5
1.3
1.3

1.3

6. 25
6.75
. 6.45
6.73
6,60
6.56

New Y o r k C i t y
7 Other N o r t h e a s t
8 North Central
„
7 Southeast
8 Southwest
4 West C o a s t

2.8

10.2

6.50

1/

79.0
7.7
3.7

'

19.171

- 7.99
and o v e r

Total

6.fe

d o l l a r amount by
$100.000-S499.999
May
Mli
1971

3,052,273

7.49

per

64.4
8.6

.

Percentage d i s t r i b u t i o n of
•?1.000-$9.999
$10,000-$99.999
Aug.
May
Aug.
"
May
1971
1971
1971
1971

100.0

6.99

Total

May
1971

6.86

6.79
7.11

t:it

til

F o r • d e s c r i p t i o n of

revised

series

see

,

pp

721-727

5.76
:

of

the

5.56
5.88 ,
5.78
6.05
5.87
5.91

/
S e p t e m b e r 17,' 1971
BANK RATES ON REVOLVING CREDIT BUSINESS LOANS '
A u g u s t 1 9 7 1 and May 1 9 7 1 '

Interest rate
( p e r c e n t per annum)
than 6 . 0 0
6.00
6.01
6.50
6.51
7.00
7.01
7.50
7.51
8.00

Aug.
1971

May
1971

1.1
51.6

- 6.99

- 7.99
and o v e r

100.0

Total

4.9
3.8
36.8
1.9
5.6

0.8

17.0
41.3
2.8
3.5
3.2
4.5
4.1

35.4
,13.7
8.7
7.7
2.7
4.1
7.5
4.7
' 3.9
11.5

4.6
36.8
16.8
15.8
5.0
6.4

1.0

1.0

q.8
0.4

9.0
2.2
34.8

18.1

18.3
8.1
19.5
5.1
10.7
1.7
12.3
5.5.
17.9

100.0

100.0

100.0

100.0

14,082
391

16,490
447

.

19.1
1.6 j •
3.7
.
0.3
2.7
0.2
3.6

- 7.49

69.3
15.0
6.5
3.9

P e r c e n t a g e d i s t r i b u t i o n of d o l l a r amount by s i z e of lo
$ 1 0 , 0 0 0 - $ 9 9 1 999
j $44)0 . 0()Q-$Aqq , 9 9 ?
$500".'000-$999.999
:
Aug..
May
I Aug.
May
Aug.
I May
1971
1971
,971
197 1
1971
' -1.971

May
1971

100.0

16.0

- 6.49

Aug.
1971

2.1
0.7

0.2

Total - Dollar <

847,245

1*126,070

- Number <

1,256

1,494

1,144
247

2.8
2.6

986
222

63.9
' 16.8
; 2.4
•3.9
2.1
2.1
2.5
2.9

2.2

3.3
"1.4
7.7

5,4.4

66. 6

2.4
0.3

100.0

100.0

100.0

108,577
165

689,231
217

910,978

10.8

17.7
1.8
8.8

3.2
5.1
6.5

0.8

1.2

f. 8

100.0

100.0

66,807

89,039
388

75,981
117

5 ., 9 0

6.40

2.5

3.1

100:0

3.7
3.0

1.6

2.9

54.4
16.8
19.5
1.2
2.8

70.9
15.-3
7.3
3.6
1.6
0.4
0.4
0.3
0.1
0.1

10.0

0.6

$1'. 0 0 0 , 0 0 0 ,
Aug.
1071

•

284

272

WEIGHTED AVERAGE RATES (per c e n t per annum)
6.31

7. ,28

6.62

7.03

6. ,53

6. ,50

5.74
5.86
5.82
6.39 .
6.05
5.66

6.,74
8. ,02
7.,57
6.,52
7., 7 6
8. . 0 6

6.33
7.62
6.65
6-. 24
6.81
7.11 "

6.73
7.66
7.13
6.48
6.86
7.13

6.,77
-6.,54
6., 3 0
6., 7 6
6..89
6.. 4 2

6. ,33
6. ,65
6. , 4 6
6.,26
7.,25
6,, 4 0

6.20

6.91
6.20

vised.

May 1967 B u l l e t i n .
D o l l a r amounts In

5.74

6.31
6.64
6.37

New York C i t y
7 Other N o r t h e a s t
8 North C e n t r a l
7 Southeast
8 Southwest
4 West C o a s t
" '

thousands.




A

1

5 ., 8 3
6.28
5 .. 8 4
6.86
5. , 7 3
6.61
6., 6 6
6.09
I
6,. 4 6
6.71
1
5,. 8 5
6.18
1
For d e s c r i p t i o n of r e v i s e d s e r i e s

5.83
5.66
5,74
5.79
6.18
6.61
5.80
s e e pp. 72

6.,28
6.,30
6.,58
6.,30
6.,14
6., 8 6
6,. 17
1-727 of

' i

5.71

!
I

5.73
5.87
5.82
6.08
5 . 69
5.61

1
the

.

' V
September 17,

Table 3

1971

BANK RATES ON LONG-TERM BUSINESS LOANS
A u g u s t 1971 and'May 1971

Interest rate
( p e r c e n t per annum)
Less

than 6 . 0 0

6.01
6.50
6.51
7.00
7.01
7.50
7.51
8.00

-

Aug.
1971

6.00

7.4
9.7
.36.1
15.2
5.9
6.9 '
1.5
4.2
1.9

11.1

6.99

-

Percentage d i s t r i b u t i o n
$1.000-$9.999
$10.000-899.999
Aug.
May
Aug.
May
1971
,1971
1971
1971

7.49

- 7.99
and o v e r
T o t a l per c e n t

Total

- D o l l a r amount*

Total

- Number of

, 27.5
14.6
11.4
. 32.0
0.3
5.5
0.9
2.3
0.5
5.2

40.3

100.0

6.49

-

May
1971

100.0

100.0

14.2

1.8

8.1
2.2

15.1

3/2

2.6

2.2

3.3
5.0
3.7
14.0

8.8

427,19^

18.4
2*. 7
4,6

13.8

2.2

2.8
2.8

12.6

5.1
45.7

3.5
32.4

100.0

' 548

100.0
688

119

349,502

loans

6.5
5.8

147

634

14.7
1.9

13.7
11.5
-

6.8
11.8
2.5

10.7
3.6
12.4
2.4
24.8

10,793

100.0
10,266

270

262

WEIGHTED. AVERAGE RATES ( p e r c e n t

d o l l a r amount by s i z e of l o a n
$100.000-$499.999
$500,000-$999.999
Aug.
May
Aug.
May
1971;
1971
• 1971
'1971

2.1
12.5
3.9
23.7

6.0

24:919.0
7.9

17.0

6.0

12.0

44.4
16.-9
9.4
4.4
2.3
9.2
5.5

8.9
3-5.
44.3

2.6

~

toy^lS^Bulleti^

'

t h e

26.8

7.9

8.1

100.0

100.0

100.0

100.0

27,906

45,365

22,997

36,897

287,258

136_

17.7 •

188

_31_

56_

°

* - D o l l a r amounts i n t h o u s a n d s .
r -- R e v i s e d
•




1

7.59

7.63

7.46

r 7. 25

7.05

6.91

7.03

6.22

6.35
6.64
6.4,9
7.67
6.29
6.04

6.18
8.37
7.03
7.35
7.48
7.72

5.65
8.11
7.44
7.07
.8.02
/
7.80

6.80
7.47
7.73
7.61
7.48
7.39

r 6.35
7.44
7.06
8.13
6 . 95
7.18

6.60
7.30
6.84
8.53
7.46
7.03

6.53
7.38

6.65
6 ; 67

6.5-3
6.19
6.34
7.00"

S u r v e

y

of

I n t e r e s t R a t e s on B u s i n e s s Loans; was. . r e v i s e d .

5.1
1.3
3.8
1.9

78

per annum)

6.38

U a r t e r l y

12.1
6.1

100.0

6.35
6.87
6.99
7.52
7.33
6.52
% 7

8.7.
9.7
43.1

0.5
4.5
1.3
8.4
2.3
19.1

14.1
4.83.7
2.5

6.75
New York C i t y
-7. O t h e r N o r t h e a s t
8 North Geptral
7 Southeast
8 Southwest
. 4 West" C o a s t

$ 1 . 0 0 0 . 0 0 0 and o v e r
Aug.
.1971

6.88
8.41
6 . 69
6.41

6.82
7.27

8.02
6.60

For d e s c r i p t i o n o f . r e v i s e d s e r i e s

6.60
6.26

6.59
7.00
7.00
6.18
6.68 .
6.05
6.45
s e e pp. 721-727 of the

'
.

)

'