For example, data from our 2003 Survey of Small Business Finances (SSBF) indicate that 45 percent of the total dollar amount of small business loans outstanding in 2003 was collateralized by some type of real estate asset. 6 About 37 percent was collateralized by business real estate assets, and 15 percent was secured with "personal" real estate.
6  Figure 7  Planned Market-Wide Initiatives Expected discontinuation of LIBOR after end-2021 2019  2020  2021  Item 3Q  Publication of prototype rates for Term Reference Rates （Phase 1）  Publication of production rates for Term Reference Rates （Phase 2）  4Q  1Q  2Q  3Q  4Q  1Q  2Q  3Q  4Q  To be published around the first quarter of 2020  To be published no later than mid-2021, (while making best efforts to move the schedule forward)  7  Figure 8  Role of the Public Sector Support by the Bank of Japan and the Japan Financial Services Agency  ＜Encourage financial institutions to take measures＞  ＜Coordinate different viewpoints of a diverse range of parties＞  Initiatives by individual companies  Market-wide initiatives  e.g., BOJ and JFSA conducted a joint survey regarding the status of using LIBOR, etc.