Full text of E.2 Survey of Terms of Business Lending : September 1972

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s t a t i s t i c a l

r e l e a s e

TABLE 1

Bank Rates ipn Short-Term Business Loans-''

September 4, 1972

August 1 9 H _ a n d May 1972
Interest rate
(per cent per annum)
Less
5.00
5.01
5.50
5.51
6. 00
6.01
6.50
6.51
7.00
7. 01

than 5.00
*
- 5.49

^ "
All
Aug.
0.1
0.6
45.9
. 7.4
14.9
3.8
8.6
1.9
< 3.7
2.1
10.9

- 5.99
- 6.49
- 6.99
and oyer
Total per cent

May A
1972
. 1.1
35.5 .
21.2
9.7
7.9
4.9
5.2
2.2
2.9
7.3 '

Percentage distribution of dollar amciunt by si ze of loan
$1,000- $9,999
$10,000- $99,999
S100.000-S 499.999
$500,000- $999,999
Aug.
May
Aug.
May
Aug. ,
May
Aug.
May
1972
1972
1972
1972
1972
1972
1972
1972
0.3
0.2
1.8
1.5
5.6
6.0
9.2
4.9
5.4
7.1
57.9

0,5
1.3
1.8
6.4
4.9
6.8
9.8
5.7
4.9
9.4
48.4

0.3
0.3
6.0
4,2
. 14.5
6.3
16.0
5.3
7.2
5.0
34.8

0.6
4.1
7.3
8.5
12.6
8.4
12.5 B
5.1
5.8
7.7
27.5

0.6
0.3
22.9
6.4
21.1
5.2
13.5
3.5
6.0
2.4
18.3

1.2
15.8
... 19.7
12.6
12.6
.
«
5.9
9.1
3.1
2.8
3.6
13.5

0.9
0.4
44.2
7.5
16.5
3.3 6.8
1.9
4.4
2.9
11.2

1.9
33.6
23.1
8.1
8.1
5.5
5.5
3.4
1.5
2.7
6.3

$1,000,000 and over
Aug.
1972

.
'

1.3
46.9
23.4
9.4

0.8
61.3
8.4
12.7
3.0
6.2
X).8 .
2.1
• 1.2
3.7

4.0
2.7
1.2
1.5
1.9
2.0

Total t Number of loans

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

3,026,736

Total - Dollar amount*

3,359,393

26,745

28,812

283,(934

286,164

583,491

601,378

399,737

440,796

1,732,829

2;002,243

19.924

20.883

6.471

$.999

9.037

9,173

3.037

3.103

724

711

R93

WEIGHTED AVERAGE RATES (per cent per annum)
35 centers

5.84

New York City
7 Other Northeast
8 North Central
7 Southeast
8 Southwest
4 West Cosst
<1/

5.55
644
5.79
6.06
, 6. 07
5.82

5.59c

7.27

7.07

6.72

6.53

6.20

5.94

5.28
5.81
5.54
5.78
5.88 .
5.60

6.82
7.39
7.02
7.55
7.14
7.61

6.54
7.25
6.70
7.30
7.02
7.45

6.37
6.89
6.47
6.96
6.64
6.95

6.10
6.73
6.31
6.77
6.44
6.77

5.95
6.44
6,04
6.30
6.17
6.39

5.61
6.10
5.85
• 5.96
6.04
6.12

thousands.

c - Corrected.




5.57

5.59

5.33

5.55
6.12
5.77
6.09
6.17
5.96

5.28
5.72
5.64
5.47
5.71
5.55

5.47
5.81
5.63
5.41
5.72
5.53

5.21
5.46
5.34
5.30
5 . 60
5.35

For description of r e ^ e d

Beginning February 1971 the Quarterly Survey of Interest Rates on Business
June 1971 Bulletin.

* - Dollar amounts In

,

5.91
.

\

serie^ see

pp. 468-477 o f

the

/&2.

. TABLE 2
.
Bank Rates on Revolving Credit
August

Interest rate
(per cent per annum)
1972
Less than 5.00

1972

0.2
0.1
23. 1 .
11.3
36.2
9. 6

30.1
16.1
29.1
6.1

1972 and

May

Due tnes
1972

Percentage distribution of dollar amount by size of
$1.000-$9.999
$ 10.000-$99.999
$ 100.000-$699.999
$500.000-$999.999
Aug.
May
May

1972

1972

.1972

1972

0. 1

0.8

2.2
5.9

v- 2.6
4.5
2.5
5.3

1.1
0.7
13.3
31.9
3.8
1.6
9.5
2.2
36.0

100.0

2.5
11.4
5.6
24.9
7.2
1.0
7.2
3.0
6.9
30.1

7.9
9.1
17.1
11.2
15.6
2.8
3.3
6.2
26.5

100.0

100.0

100.0

100.0

1,085,262

833

1,458

15,710

1.305

1 .605

196

314

1.3

6.6

Total per cent
Total - Dollar amount*
Total - Number of loans

6.6
1.2

r

10.0
11.9
7.1
10.8
14.0

12.6
18.5
7.6

6.6

1 ^ 627

6.8

2.9

6.1

421

8.0

12.2

5.2

1972

0.3
28.2

100.0

8.0

6.51 - 6.99
7.00
7.01 and over

0.1
0.2
28.7

6.6
23.0

1,061,838

5.01 - 5.69
5.50
5.51 - 5.99
6.00
6 . 0 1 - 6.69

1972

6.8
6. 5 •
6.3

6.8
1.7
2.8

6.8

36.8
12.3
22.5
3.8
8.6
2.8
4.8
1.6
6.9

197?

| $1,000.000 and

28.4
22.6
18.6
4.5
12.2
2.5
3.8
1.5

0.1
21. 5
11.2
37.2
10.3
7.4
0.9
, 4.4
1.7
"" 2
5.

100.0

—

m

—

100.0

100.0

100.0

81,277

87,0^

85,269

78,011

872,962

m .

U2_

' lis

WEIGHTED AVERAGE RATES (per

1/

5.82
5.69

. 6.12
5.66
6.42
5. 72

6.78

6.52

6.51

6.28

5.93

•

5.69

5.83

5. 60

5.81

5.44
5.82
5.84
5.13
5.98
5.57

7.06
7.68
7.02
6.07
6.93
6.98

5.92
7.56
6.36
5.95
6.52
6.90

6.21
6.38
' 6.35
6.30
6.63

5.97
6.73

5.73
6.09
5.79
6.13
6.28
5.97 .

5.41
5.87
5.74
5.44
5.91
5.72

5.61
5.75
6.11
5.62
6.37
5.75 '

5.35
6.09
5.73

5.83
5.62
6.15
5.46
6.47
5.67

Beginning February 1971 the Quarterly Survey of Interest
June 1971 Bulletin.

* " Dollar amounts in

thouaanda.




904,889

LZZ_

5.59
New York City
7 Other Northeast
8 North Central
7 Southeast
8 Southwest
4 West Coast . .
..

6.68

i Business Loans was

6.00
6.05
6.48
6.37

over

1972

6.22
5.47

For description of revised series see

5.57
.

pp. 468-477 of the

5.44
5.76
5.86
4.91
5.85
5.55

toi

TABLE 3
E.2

Bank Rates on Long-Term Business Loans—^
August 1972 and May 1972

Interest rate .
(per cent per annum)
Less
5.00
5.01
5.50
5.51
6.00
6.01
6.50
6.51
7.00
7.01

than 5.00
0.2
6.2
•16.4
17.7
7.1
13.4
8.0

- 5.49
- 5.99
- 6.49 .
- 6.99
,
and over

•

i:!
24.5

Total per cent

$1.000-$9.999

All sizes

19&

& 2
2.0
18.1 _
16.9"
12.7
10.2
6.5
12.7
2.9
1.5
5.2
11.2

Sfe
1.6

0.5
2.3
7.1
1.2
2.9
16.0

2.5
0.4
3.5
6.0
3.5
4.3
6.0
11.2
61.0

3.8
0.9
22.0
43.1

100.0

297,582

Total - Number of loans

372,303

552

650

723

T o t a l - Dollar amount*

100.0

767

117

133

Sfc

Sfc
, 1.3
0.1
5.9
5.0
11.2
7.5
8.1
2.6
8.6
6.4
43.3

100.0

100.0

I

,tage distribution of dollar amount by size of loan
$10.000-$99.999
$100,000-51499.999
$500.000-$999.999

3.0
3.4
4.7
5.1
12.9
11.0
4.0

.
-

:::
23.1
8.6

7.9
4.0
30.0.

-

$1,000,000 and over

1%%

1972

1.8
6.7

1.4

l! 9
11.7
36.0
•

Y &

22 !o
, 8.1
11.3
L 5. 9
.
5-?
5.4
4.5
22.0

14.0
17.8
14.7
16.4
7.1
2.1
10.1
3.9
14.0

l).l
21.5

- Vr
9.8
1.5
5.4

6.9
21.6

-

1972

4.9
18.6
17.6
5.3
15.6
10.1
3.2
0.5
24.3

2.2
20.5
18.3
11.7
11.0
5.2
15.4
2.1
1.1
4.8
7.5

100.0

100.0

100.0

100.0

100.0

11,252

11,016

35,768

41,121

37,467

33,210

212,543

286,306

301

308

55

50

80

85

i

.170

191 ;

100.0

W E I G H T E D AVERAGE RATES (per cent per annum)
6.31

35 centers

5.87
6.59
6.59
7.37
6.36
6.49

New Y o r k City
. 7 Other Northeast
8 Nor^h Central
7 Southeast *
8 Southwest
4 West Coast
1/

Beginning February

* - Dollar amounts in

5.66
6.03
5.92
' 6.45
6.37
5.8#

7.47

7.03

6.80

6.65

6.51

6.26

6.27

5.87

6.28

5.78

5.87
7.64
6,79
6.67
8.60
7.62

5.55
7.76
6.83
6.58
6.92
7.49

6.29
6.94
6.82
6.17
7.57
6.66

6.26
6.60
6.94
6.63
6.95
6.35

6.18
6.73
6.67
7.07
6.69
6.07

5.99
6.45
6.00
7.10
6.33
6.37

5.74
6.42
6.S2

5,54;
6.01
6.12
7.05
6.29
5.25

5.85
6.54
6.58
8.23
6.45
6.46

5.64
5.85
5.84
5.50
6.35
5.79

19.71 the Quarterly Survey of Interest Rates on Business Loans was revised.

JUne 1971. Bulletin.
'

5.87

thousands.




-

5.54
6.82

For description of revised series see

pp. 468-477 of the