Form FR 2060 FR 2060 Survey to Obtain Information on the Relevant Market in I

FR 2060
OMB No. 7100-0232
Approval expires June 30, 2019
REPORTING BURDEN: Public reporting burden for this collection of information is estimated to average 10 minutes per response, including the time for reviewing
instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. Send comments
regarding this burden estimate or any other aspect of this collection of information, including suggestions for reducing this burden, to Secretary, Board of Governors of the
Federal Reserve System, 20th & C Streets, N.W., Washington, D.C. 20551; and to the Office of Management and Budget, Paperwork Reduction Project (7100-0232),
Washington, D.C. 20503.
The Federal Reserve may not conduct or sponsor, and an organization is not required to respond to, a collection of information unless it displays a currently valid OMB
control number.

Data on Sources of Financing for Small Business to Determine
the Extent to which Small Businesses Use Nonbank and Nonlocal Sources
of Financial Services1
(The most knowledgeable respondent is likely to be
the president or treasurer)
$50,000$150,000

0-$50,000

$150,000$500,000

$500,000
$1 million

1. What is the annual revenue (dollar
volume) of your firm?2

Commercial
bank

Savings &
loan

Savings
bank

An individual
person
(including
self)

Credit
card

Other
(Specify)

2. From what source or type of institution
did your firm obtain its most recent loan?
Do not include trade credit here. [It may
be most useful for Reserve Bank staff to
request the name of the institution since
the respondent may not know the type of
institution.]
3. How many loans does your firm have
outstanding from each type of
institution?
(a) What is the appropriate
average size of loans from
each source?
Yes

No

If yes-Name of institution

Location

4. Does your firm have loans outstanding
from an institution located outside the
city/town in which you are located?3 [If
the institution has an office in the local
area, do not record it as an out-of-market
institution.]
Commercial
bank

Savings &
loan

Savings
bank

Other
(Specify)

5. If yes to number 4, from what type of
institution?
(a) What is the approximate
average size of loans from
each out-of-market source?
1. Emphasize to the respondent at the beginning of the interview that the interview will be in the interest of public policy and will take only about five to ten
minutes. Information will be obtained by telephone from a sample of 25 firms selected randomly from the business white pages of the phone directory or yellow pages
if the white pages are not available. The respondents selected from the phone book should reside in the market area defined by the Reserve Bank so that the area
included in the phone book does not serve as the market definition from which the sample is drawn.
2.

This should include the entire firm rather than an office, branch, or franchise of a larger firm.

3.

The Reserve Bank would be required to describe the market area in question.

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OMB No. 7100-0232
Approval expires June 30, 2019

Yes

No

6. During the past two years, has your firm
been directly solicited for its loan
business by an institution located outside
the city-town in which you are located?

Describe
7. If yes to number 6, how were you
solicited (e.g., phone, personal visit) and
how often?

Commercial
bank

Savings &
loan

Savings
bank

Other
(Specify)

If yes-Name of institution

Location

8. In what type of institution does your firm
maintain:
(a) primary checking account
(b) secondary checking account
(c) savings account

Yes
9. Does your firm maintain a checking
account with a financial institution that
has no offices in your city/town?
10. Does your firm maintain a savings
account with a financial institution that
has no offices in your city/town?
11. Did you receive any trade credit without
which you would have required a loan?
[It is very important to determine
whether trade credit was a substitute for
a loan rather than simply a means of
postponing payment.]
12. If yes to number 11, roughly what
percentage of your credit (loan)
requirements were satisfied by trade
credit?

No

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Page 3
OMB No. 7100-0232
Approval expires June 30, 2019

Yes

No

Yes

No

13. Does your firm lease any equipment such
as an automobile, copying machine, or
computer?
14. If yes to number 13, what items are
leased?
(a) What is the approximate size of the
firm’s monthly payments for leased
equipment?

15. Does your firm have a formal line of
credit understanding?

Commercial
bank
16. If yes to number 15, from what type of
institution was the line of credit
obtained?
(a) Approximately how large is the
line of credit?

Savings
& loan

Savings
bank

Credit
union

Employer
thrift plan

Investment
broker

Mutual
fund