Banks raised rates 31 basis points on their riskiest commercial loans during the past three months, according to a Federal Reserve Board study released Monday.

The Survey of Terms of Business Lending was conducted Nov. 3 to Nov. 7 and required commercial banks to rank credit extended as either minimal, low, moderate, or acceptable risk. Regulators classify any loans that cannot meet the acceptable risk standard, which means the borrower has a fair credit rating, lacks access to the capital markets, and suffers management weaknesses. The last survey was conducted Aug. 4 to Aug. 8.

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