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O1? GOW

FEDERAL RESERVE statistical release
For Immediate Release
September 20, 1995

E.2

SURVEY OF TERMS OF BANK LENDING MADE DURING AUGUST 7-11,199
TABLE 1
Commercial and Industrial loans made by all commercial banks1
cadtoLAmount of Loans

aiaorcan

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

All C&l loans
1 Overnight 6

Fed Funds

15,643,334

8,166

--

6.45

0.19

10.8

63.3

1.6

9,834,336
8,400,103
1,434,233

1,703
3,005
481

10
10
14

6.75
6.62
7.53

0.18
0.24
0.21

16.3
11.6
43.6

60.7
56.9
83.2

5.4
4.1
12.6

12,310,271
6,802,405
5,507,866

233
323
173

140
98
193

7.69
7.13
8.38

0.15
0.20
0.20

41.6
31.5
54.0

76.5
75.3
78.0

7.3
9.6
4.4

Foreign
Foreign
Prime

8 Demand 7
9
Fixed rate
10
Floating rate

14,720,360
4,763,189
9,957,171

258
1,031
190

--

8.19
6.61
8.95

0.17
0.19
0.19

56.6
22.0
73.1

71.9
64.1
75.6

6.4
8.4
5.5

Prime
Other
Prime

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

52,508,300

447

49

7.28

0.16

31.9

68.3

5.0

Other
Other
Other
Other
Other
Other
Other
Fed Funds

2
3
4

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

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

Other
Other
Prime

35,609,030
359,224
453,454
521,986
5,453,702
5,571,909
23,248,755

1,171
15
230
700
2,303
6,712
21,091

25
145
119
49
41
27
17

6.64
10.09
8.22
7.46
7.16
6.76
6.39

0.21
0.17
0.22
0.18
0.10
0.05
0.05

16.4
79.6
66.4
48.5
33.7
19.9
8.9

64.2
39.4
63.2
78.9
74.5
63.7
62.0

4.6
0.3
6.7
8.1
7.8
6.5
3.4

16,899,270
1,741,838
3,317,731
1,437,297
3,810,796
1,901,455
4,690,152

194
27
193
678
2,061
6,779
22,710

156
205
208
194
142
126
127

8.64
10.24
9.71
9.30
8.68
8.04
7.30

0.19
0.08
0.09
0.12
0.16
0.23
0.35

64.4
81.3
73.7
69.0
60.7
61.2
54.4

77.0
87.2
89.2
86.6
88.4
80.1
51.2

5.7
1.9
4.5
6.3
7.7
6.3
6.0

Prime
Prime
Prime
Prime
Prime
Prime
Foreign

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

7,975,098

344

48

8.34

0.16

67.6

67.5

5.2

Prime

1,907,078
151,152
226,214
125,221
1,404,490

187
18
190
692
4,756

56
51
66
46
56

8.13
10.03
9.25
7.85
7.77

0.26
0.29
0.31
0.38
0.38

59.0
88.2
83.5
68.6
51.1

57.0
29.4
54.1
81.6
58.2

4.5
0.6
9.0
2.2
4.4

Foreign
Other
Other
Domestic
Foreign

6,068,021
224,726
776,203
494,278
4,572,814

466
29
217
685
5,276

45
35
40
39
47

8.40
10.05
9.61
9.17
8.03

0.17
0.07
0.10
0.07
0.18

70.2
89.5
83.0
72.7
66.9

70.8
73.2
76.4
85.2
68.2

5.4
2.3
6.5
9.0
5.0

Prime
Prime
Prime
Prime
Prime

-

Prime

37 Overnights

15,315,159
9,407,706

5,319

Over one month and
39 under one year

9,114,357

962

6.38

6.18

9.1

62.6

1.5

8.75

10

6.61

6.41

13.6

60.0

5.4

8.75

120

6.95

6.74

28.4

73.6

8.4

8.78

6.65

6.52

39.2

57.4

5.7

8.75

6.61
6.53
6.99

6.42
6.35
6.78

19.8
14.3
47.4

63.5
63.7
62.1

4.7
4.4
6.3

8.76
8.75
8.78

7.41
7.17
7.49

7.18
6.98
7.25

63.2
56.6
65.4

65.5
70.2
63.8

4.0
4.5
3.9

8.79
8.85
8.77

9,806

One month and under
38
(excluding overnight)

40 Demand

7

41 Total under one year
42
Fixed rate
43
Floating rate

Nominal 8

Days

Loans made below prime 10

7,531,934

1,984

41,369,157
34,412,006
6,957,150

2,493
3,240
1,164

36
23
131
Months

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




4,706,928
1,199,590
3,507,338

1,202
506
2,267

50
52
49

E.2

SURVEY OF TERMS OF BANK LENDING MADE DURING AUGUST 7-11,1995
TABLE 2
Commercial and Industrial loans made by large banks1
Loan Rate (percent)
Loan Characteristics

Amount
of Loans
($1,000)

Average
Size
($1,000)

Weighted
Average
Effective 3

Made Under
Standard
Error4

Secured by
Collateral

Commitment

Participation

Most
Common
Base
Pricing
Rate 5

Days

All C&l loans
1 Overnight 6
2
3
4

Weighted
Average
Maturity2

Percent of 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
8 Demand 7
9
Fixed rate
10
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 +

10,512,055

7,961

-

6.48

0.16

11.3

70.1

2.0

Domestic

7,244,232
6,248,704
995,528

4,170
6,164
1,376

11
10
13

6.74
6.67
7.22

0.17
0.14
0.24

14.2
11.5
31.4

55.3
51.3
80.8

6.7
4.9
17.9

Other
Other
Other

7,388,868
4,832,784
2,556,084

994
3,051
437

105
76
161

7.36
6.98
8.09

0.14
0.12
0.18

36.7
28.5
52.3

85.8
83.1
90.8

8.9
11.6
3.9

Foreign
Foreign
Prime

8,144,057
3,178,197
4,965,860

393
2,931
253

7.66
6.39
8.48

0.20
0.27
0.19

46.3
10.7
69.1

66.8
60.7
70.7

6.8
4.8
8.2

Prime
Other
Prime

33,289,212

1,066

35

7.02

0.15

26.1

69.5

5.7

Other

0.15
0.27
0.27
0.14
0.10
0.03
0.07

14.6
68.2
56.7
44.8
31.5
15.3
9.2

66.7
74.3
77.1
78.6
70.6
59.0
67.4

5.0
2.5
7.4
9.0
7.7
7.1
3.6

Other
Other
Other
Other
Other
Other
Other

24,771,740
18,404
193,849
334,645
3,872,930
4,315,078
16,036,835

4,952
28
265
709
2,316
6,753
19,432

21
114
68
51
35
23
16

6.61
8.77
7.83
7.45
7.09
6.73
6.43

8,517,472
539,751
1,437,011
676,150
1,932,076
1,057,021
2,875,464

325
32
204
658
2,024
6,721
25,706

119
194
189
177
116
134
79

8.21
10.08
9.67
9.29
8.48
7.94
6.81

0.19
0.10
0.05
0.04
0.11
0.24
0.27

59.6
74.0
72.4
64.6
51.1
46.4
59.9

77.9
88.8
89.9
91.8
91.7
85.1
54.7

8.0
1.9
3.9
8.0
9.7
9.2
9.7

Prime
Prime
Prime
Prime
Prime
Prime
Fed Funds

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 +

5,577,546

1,016

49

8.27

0.13

72.2

67.9

3.2

Prime

1,170,396
9,898
46,375
44,131
1,069,993

1,407
27
232
668
5,266

62
41
43
40
64

8.03
9.31
8.18
7.49
8.03

0.20
0.41
0.22
0.33
0.44

62.0
85.8
75.8
54.0
61.5

64.0
48.4
74.3
84.5
62.9

4.9
0.0
2.6
2.9
5.1

Foreign
Other
Other
Foreign
Foreign

4,407,150
68,989
362,137
307,225
3,668,799

946
36
217
686
5,730

46
30
37
39
48

8.33
9.70
9.40
9.20
8.13

0.13
0.07
0.09
0.09
0.22

75.0
88.7
76.4
74.5
74.6

68.9
83.4
86.3
91.9
65.0

2.8
2.1
5.0
5.7
2.3

Prime
Prime
Prime
Prime
Prime

37 Overnight 6

Prime
Rate 9

Nominal 8

Days

Loans made below prime 1 0
10,344,694

8,941

—

6.42

6.23

10.1

69.7

1.9

8.75

One month and under
38
(excluding overnight)

7,032,546

6,380

10

6.65

6.44

12.8

54.9

6.7

8.75

Over one month and
39 under one year

6,235,044

3,111

90

6.95

6.74

30.0

85.0

9.6

8.75

5,142,800

3,130

-

6.48

6.37

37.2

51.7

5.0

8.75

28,755,084
24,348,665
4,406,418

4,868
5,767
2,615

28
20
94

6.60
6.56
6.83

6.42
6.38
6.64

19.9
13.8
53.6

66.2
66.2
66.0

5.3
4.8
7.8

8.75
8.75
8.75

7.49
7.10
7.59

7.26
6.93
7.34

73.5
69.5
74.5

67.0
86.6
61.9

1.3
5.4
0.3

8.75
8.75
8.75

40 Demand

7

41 Total under one year
42
Fixed rate
43
Floating rate

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




3,507,082
716,315
2,790,766

3,301
1,744
4,282

53
62
50

E.2

SURVEY OF TERMS OF BANK LENDING MADE DURING AUGUST 7-11,1995
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

Weighted
Average
Effective3

Percent of Amount of Loans
Made Under

Standard
Error 4

Secured by
Collateral

Commitment

Participation

Most
Common
Base
Pricing
Rate 5

Days

All C&l loans
1 Overnight 6

5,131,278

8,622

-

6.39

0.24

9.6

49.4

0.7

Fed Funds

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

2,590,104
2,151,399
438,705

641
1,207
195

10
9
18

6.78
6.49
8.24

0.23
0.33
0.25

22.0
12.0
71.1

75.8
73.2
88.7

1.7
2.0
0.4

Fed Funds
Fed Funds
Prime

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

4,921,403
1,969,621
2,951,782

108
101
114

193
151
220

8.18
7.49
8.63

0.18
0.25
0.22

48.8
38.8
55.6

62.6
56.3
66.9

4.8
4.9
4.8

Prime
Fed Funds
Prime

6,576,302
1,584,992
4,991,311

181
448
152

-

8.85
7.06
9.41

0.18
0.22
0.20

69.3
44.7
77.1

78.2
70.9
80.5

5.9
15.7
2.8

Prime
Other
Prime

19,219,088

223

78

7.74

0.17

41.8

66.2

3.7

Prime

10,837,290
340,821
259,605
187,341
1,580,772
1,256,831
7,211,921

426
15
210
684
2,270
6,577
26,035

35
146
155
45
59
46
21

6.71
10.16
8.51
7.48
7.32
6.83
6.30

0.22
0.19
0.19
0.32
0.19
0.14
0.09

20.5
80.2
73.6
55.0
39.1
35.8
8.2

58.5
37.6
52.8
79.4
84.1
79.6
49.9

3.9
0.1
6.2
6.5
8.0
4.4
2.9

Fed Funds
Other
Other
Other
Other
Other
Fed Funds

8,381,798
1,202,087
1,880,721
761,147
1,878,720
844,435
1,814,688

138
25
186
697
2,101
6,853
19,169

194
207
217
205
184
105
194

9.08
10.32
9.75
9.30
8.89
8.17
8.08

0.22
0.09
0.11
0.19
0.27
0.46
0.73

69.2
84.6
74.7
72.9
70.5
79.7
45.6

76.1
86.5
88.7
81.9
85.1
73.9
45.7

3.4
1.9
4.9
4.9
5.7
2.8
0.0

Prime
Prime
Prime
Prime
Prime
Prime
Foreign

8 Demand 7
9
Fixed rate
10
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
1000 - 4999
24
5000 - 9999
25
10000 +

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

2,397,552

135

44

8.50

0.17

56.7

66.5

9.8

736,682
141,255
179,839
81,090
334,498

79
17
181
705
3,630

47
52
72
50
31

8.29
10.08
9.52
8.04
6.94

0.28
0.31
0.31
0.42
0.15

54.4
88.3
85.4
76.5
18.0

45.7
28.1
48.9
80.0
43.1

3.9
0.7
10.6
1.9
2.2

Other
Other
Other
Domestic
Foreign

1,660,870
155,737
414,066
187,053
904,014

199
26
216
684
3,993

43
38
43
39
45

8.60
10.21
9.80
9.13
7.66

0.19
0.06
0.17
0.12
0.39

57.7
89.8
88.9
69.6
35.4

75.7
68.7
67.6
74.2
81.0

12.5
2.3
7.7
14.4
16.0

Prime
Prime
Prime
Prime
Foreign

Days

Loans made below prime1°
37 Overnight 6

4,970,465

12,278

One month and under
38
(excluding overnight)

2,375,161

3,564

Over one month and
39 under one year

2,879,313

386

2,389,135
12,614,073
10,063,341
2,550,732

40 Demand

7

41 Total under one year
42
Fixed rate
43
Floating rate

Prime

Prime
Rate 9

Nominal 8
6.29

6.10

7.0

47.7

0.7

8.75

10

6.50

6.31

16.1

75.2

1.8

8.76

185

6.95

6.74

25.0

48.8

5.9

8.86

1,110

—

7.03

6.85

43.3

69.6

7.3

8.76

1,180
1,573
594

55
31
185

6.62
6.46
7.25

6.43
6.27
7.03

19.7
15.4
36.7

57.3
57.8
55.5

3.3
3.3
3.7

8.78
8.76
8.83

7.16
7.28
7.08

6.96
7.07
6.88

33.1
37.4
30.2

61.1
45.9
71.3

11.8
3.1
17.7

8.91
8.99
8.86

.

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




1,199,846
483,274
716,572

420
247
800

41
35
46

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.