The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE statistical release atLsticc OTR ART FOR IMMEDIATE RELEASE DECEMBER 18, 1987 2 1 1987 E.2 SURVEY OF TERMS OF BANK LENDING MADE DURING NOVEMBER 2-6, 1987 TABLE 1 H B D E R A L y & M N K COMMERCIAL BANKS 1/ COMMERCIAL AND INDUSTRIAL LOANS (OTHER THAN CONSTRUCTION AL v n RAIRAI r Al PERCENTAGE OF AMOUNT MOST | 5CSNT) LOAT 1 1 1 1 1 OF LOANS MADE UNDER: 1COMMON | BASE | AVERAGE 1 WEIGHTED WEIGHTED! AMOUNT | INTER1 1 PRICING] OF LOANS | SIZE LOAN CHARACTERISTICS I AVERAGE AVERAGE 1 STANDARD! QUARTILE 1 RANGE ($1,000) I ($1,000)1 MATURITY EFFECTIVE! ERROR | I COMMITMENT PARTICIPATION RATE | 5/ 2/ 3/ 6 / ! i "1 DAYS 1 1. ALL C & I LOANS ! ! ! 13,810,386 6,393 X 7, 38 0. 08 7.04-7. 52 76. 4 2. 9 ONE MONTH AND UNDER (EXCL OVERNIGHT) -FIXED RATE -FLOATING RATE 8,124,091 6,445,038 1,679,053 722 858 449 18 18 21 8.,24 8 .14 8..61 0. 13 0..11 0.21 7.43-8. 92 7.41-8. 43 7.58-9. 66 77. 0 79..9 65..7 13. 7 12. 8 17.3 DOMESTIC DOMESTIC PRIME OVER ONE MONTH AND UNDER A YEAR -FIXED RATE -FLOATING RATE 7,171,267 3,463,711 3,707,556 116 114 118 141 108 173 9..35 8..98 9 .70 0, 22 0.29 0..20 8.21-10.38 7.92-9. 53 9.11-10.52 71.2 67..9 74.2 5. 3 4. 7 5. 9 PRIME FOREIGN PRIME DEMAND 8/ -FIXED RATE -FLOATING RATE 14,730,618 2,924,068 11,806,550 251 1,108 211 X X X 9 .20 7 .77 9 .56 0..16 0..14 0.14 7.70-10. 33 7.12-8. 12 9.11-10.47 82 .3 86.7 81.2 4. 5 4.5 4..6 PRIME DOMESTIC PRIME TOTAL UNDER ONE YEAR -FIXED RATE BY SIZE ($1,000) 1-24 25-49 50-99 100-499 500-999 1000+ -FLOATING RATE BY SIZE ($1,000) 1-24 25-49 50-99 100-499 500-999 1000+ 43,836,363 327 40 8 .47 0 .19 7.26-9 .52 77 .7 5 .9 PRIME 26,643,151 225,393 124,529 144,484 409,013 304,555 25,435,178 624 7 33 65 194 664 7,934 21 97 110 101 86 46 18 7 .82 11 .87 11 .24 10 .76 9 .55 8 .72 7 .71 0 .10 0 .16 0.20 0 .31 0 .19 0 .11 0 .06 7.18-9 .10 10.92-12 .75 10.39-12 .34 10.20-11 .46 8.17-10 .75 7.79-9.42 7.15-8 .04 77 .3 16 .0 18.3 28 .5 47 .5 76 .9 78 .9 5 .7 1.5 0 .2 1.2 4,.0 7 .4 5 .8 FED FUNDS PRIME PRIME PRIME PRIME OTHER FED FUNDS 17,193,212 423,758 522,885 815,717 3,149,016 1,531,585 10,750,251 188 10 34 66 194 649 3,945 125 148 156 147 146 151 111 9 .49 10 .95 10 .77 10 .61 10 .23 9 .88 9.02 0 .16 0 .08 0 .03 0 .06 0 .04 0 .05 0 .21 8.80-10 .47 10.20-11 .57 10.11-11 .52 9.92-11 .30 9.42-10 .75 9.38-10 .38 7.64-10 .11 78 .2 70 .9 76 .0 78 .8 82 .6 84 .4 76 .4 6 .1 0 .5 1 .6 2 .3 6 .3 3 .4 7 .1 PRIME PRIME PRIME PRIME PRIME PRIME PRIME 3,574,722 196 49 9,.09 0 .28 7.50-10..38 68..7 3. 8 PRIME 1,665,510 114,695 147,583 63,842 1,339,390 214 17 181 682 7,592 51 36 67 75 49 8 .67 11 .93 10 .67 10 .23 8 .10 0 .32 0 .60 0 .30 0 .37 0 .31 7.12-10.06 10.47-12..50 10.20-11..30 9.00-11 .79 7.06-8..79 75..2 6,.5 22.2 45 .2 88.4 1. 8 0. 2 1..1 11..3 1..6 FED FUNDS PRIME PRIME OTHER FED FUNDS 1,909,211 197,181 336,465 156,232 1,219,334 182 24 207 630 4,091 48 42 53 43 49 9 .45 11 .28 10 .39 10 .17 8 .80 0 .24 0 .18 0.13 0.23 0.24 8.46-10 .47 10.47-11 .85 9.69-11 .02 9.31-10 .92 7.34-9 .65 63 .1 21 .4 46 .5 59 .1 74 .9 5 .5 0 .8 8.2 15 .5 4 .3 PRIME PRIME PRIME PRIME PRIME OVERNIGHT 7/ 1 TOTAL ONE YEAR AND OVER -FIXED RATE BY SIZE ($1,000) 1-99 100-499 500-999 1000+ -FLOATING RATE BY SIZE ($1,000) 1-99 100-499 500-999 1000+ 1 MONTHS 1 LOAN RATE (PERCENT) I DAYS- EFFECTIVE I NOMINAL ! 2. LOANS MADE BELOW PRIME 11/ 13,390,305 9,646 ONE MONTH AND UNDER (EXCL OVERNIGHT) 6,603,103 2,608 OVER ONE MONTH AND UNDER A YEAR 3,308,257 721 DEMAND 8/ 5,299,669 1,599 TOTAL UNDER ONE YEAR -FIXED RATE -FLOATING RATE 28,601,335 23,904,745 4,696,590 2,419 3,398 981 1,732,758 1,112,425 620,333 1,681 OVERNIGHT 7/ TOTAL ONE YEAR AND OVER -FIXED RATE -FLOATING RATE SEE LAST PAGE FOR FOOTNOTES 1,754 1,566 ZJ I !l_i. PRIME RATE 10/ | 7.31 7.05 8.93 76.0 3.0 17 7.82 7.54 8.96 76.7 18.2 139 8.10 7.85 8.97 77.4 5.1 7.53 7.34 8.97 72.2 3.6 111 7.68 i! 8.95 8.94 9.6» 66.2 1:1 4l 7.66 7.63 7.71 m 8.98 9.03 H'.l 3.2 2.3 4.9 if immr 41 40 FED FUNDS 8.88 6.9 90.6 SURVEY OF TERMS OF BANK LENDING MADE DURING NOVEMBER 2-6, 1987 TABLE 2 COMMERCIAL AND INDUSTRIAL LOANS (OTHER THAN C O N S T R U C T ^ yWD|!DEVELOPMENT) MADE BY LARGE BANKS LOAN CHARACTERISTICS AMOUNT OF LOANS ($1,000) AVERAGE I WEIGHTED WEIGHTED! SIZE I AVERAGE AVERAGE |STANDARD ($1,000) I MATURITY EFFECTIVE I ERROR 3/1 4/ 1 2/ 1/ MOST COMMON BASE PRICING COMMITMENT j PARTICIPATION RATE 6/ LOAN RATE (PERCENT) PERCENTAGE OF AMOUNT OF LOANS MADE UNDER: INTERQUARTILE RANGE 5/ DAYS 1. ALL C & I LOANS OVERNIGHT 7/ 10,997,573 1 ; • T , 9,41&' 7.40 0.08 7.04-7.55 72.5 1.5 19 18 21 8.20 8,.16 8..33 0.11 0.13 0.29 7.41-8. 59 7.43-8. 43 7.11-9. 53 77.9 79.9 69.8 15.4 14.5 19.0 DOMESTIC DOMESTIC DOMESTIC 631 1, 179 364 134 108 174 8..80 8.73 8,.92 0.25 0.27 0.33 7.66-9. 51 7.85-9. 42 7.48-9. 92 80.2 77.1 85.0 3.7 4.8 2.0 FOREIGN FOREIGN PRIME 492 2, 354 394 X * X 9. 00 7.75 9. 39 0.23 0.11 0.22 7.60-10. 12 7.12-8. 12 8.43-10. 38 76.3 85.9 73.2 4.7 2.8 5.4 PRIME DOMESTIC PRIME ONE MONTH AND UNDER (EXCL OVERNIGHT) -FIXED RATE -FLOATING RATE 6,697,974 5,349,302 1,348,672 3, 392 4, 829 1, 555 OVER ONE MONTH AND UNDER A YEAR -FIXED RATE -FLOATING RATE 4,020,981 2,458,609 1,562,372 DEMAND 8/ -FIXED RATE -FLOATING RATE 8,213,609 1,954,635 6,258,974 TOTAL UNDER ONE YEAR -FIXED RATE BY SIZE ($1,000) 1-24 25-49 50-99 100-499 500-999 1000+ -FLOATING RATE BY SIZE ($1,000) 1-24 25-49 50-99 100-499 500-999 1000+ TOTAL ONE YEAR AND OVER -FIXED RATE BY SIZE ($1,000) 1-99 100-499 500-999 1000+ -FLOATING RATE BY SIZE ($1,000) 1-99 100-499 500-999 1000+ 29,930,137 1, 141 31 8. 20 0.12 7.25-9. 19 75.8 5.8 DOMESTIC 20,760,067 13,136 13,159 25,229 125,320 162,214 20,421,008 4, 000 10 33 63 215 669 9, 103 20 87 79 81 64 41 19 7. 79 11. 05 10. 63 10. 49 9.61 8.80 7.76 0.06 0.20 0.23 0.53 0.23 0.15 0.06 7.20-8. 10 10.38-11. 57 9.96-11. 30 9.93-11. 02 8.86-10. 39 7.90-9. 48 7.19-8. 10 76.2 29.7 19.6 28.7 57.4 78.2 76 .5 5.4 2.6 1.4 1.2 3.5 9.3 5.4 FED FUNDS PRIME PRIME PRIME PRIME NONE FED FUNDS 9,170,070 78,850 111,763 210,836 1,101,907 663,034 7,003,680 436 11 34 67 209 657 4, 988 103 135 126 117 118 134 99 9. 15 10. 71 10.62 10. 48 10. 12 9. 87 8. 85 0.26 0.13 0.13 0.11 0.06 0.07 0.28 7.91-10. 20 9.92-11. 35 9.92-11. 30 9.69-11. 02 9.38-10. 75 9.38-10.47 7.58-9. 84 74.7 84.8 82.0 82.9 85.0 87.1 71.5 6.8 0.2 0.7 1.0 2.3 2.1 8.3 PRIME PRIME PRIME PRIME PRIME PRIME PRIME 2,055,882 1,,125 48 8 .40 0.45 7.20-9 .38 89.5 1.7 DOMESTIC 1,055,659 5,259 13,791 15,286 1,021,324 2,,860 26 223 701 12,,578 49 53 79 81 48 8 .05 12 .97 10 .80 9 .35 7 .96 0.52 1.17 0.52 0.63 0.50 7.06-8 .79 10.75-12 .68 10.47-11 .24 8.43-10 .75 7.06-8 .25 98.4 27.8 60.0 57.8 99.9 0.5 0.0 0.0 33.9 0.0 FED FUNDS PRIME PRIME FOREIGN FED FUNDS 1,000,223 23,662 107,403 60,311 808,847 686 31 239 641 5,,579 47 36 42 48 48 8 .78 10 .89 10 .20 9 .98 8 .43 0.35 0.25 0.19 0.39 0.37 7.34-9 .92 9.92-11 .57 9.38-10 .79 9.31-10.75 7.25-9..31 80.1 51.6 72.4 85.6 81.5 2.9 0.2 12.4 9.6 1.2 DOMESTIC PRIME PRIME PRIME DOMESTIC | 1 1 MONTHS DAYS 2. LOANS MADE BELOW PRIME 11/ OVERNIGHT 7/ 10,691,287 10,856 ONE MONTH AND UNDER (EXCL OVERNIGHT) 5,581,828 6,083 OVER ONE MONTH AND UNDER A YEAR 2,565,267 5,252 DEMAND 3,373,412 3,885 22,211,793 18,872,605 3,339,188 6,815 7,773 4,018 1,359,008 837,468 521,540 6,988 10,589 4,520 8/ TOTAL UNDER ONE YEAR -FIXED RATE -FLOATING RATE | 1 LOAN RATE (PERCENT) 1 I EFFECTIVE II NOMINAL 1 9/ 1 i " 1 PRIME | RATE | 10/ | 7.34 7.08 8.94 72.0 1.6 17 7.85 7.57 8.95 75.3 18.2 144 8.04 7.80 8.90 80.0 4.1 7.52 7.31 8.94 60.4 2.7 7.58 7.32 7.31 7.38 8.94 8.94 8.92 72.0 74.8 55.9 6.2 7.55 7.41 7.46 7.35 8.94 9.00 8.84 97,3 99.5 93.8 0.8 25 105 V.ll 5.7 9.2 HoNtks TOTAL ONE YEAR AND OVER -FIXED RATE -FLOATING RATE SEE LAST PAGE FOR FOOTNOTES FED FUNDS -TR 42 38 ?:S 0.5 1.2 SURVEY OF TERMS OF BANK LENDING MADE DURING NOVEMBER 2-6, 1987 TABLE 3 COMMERCIAL AND INDUSTRIAL LOANS (OTHER THAN CONSTRUCTION AND LAND DEVELOPMENT) MADE BY OTHER BANKS LOAN CHARACTERISTICS I I I AMOUNT OF LOANS ($1,000) AVERAGE IWEIGHTED WEIGHTEDI SIZE I AVERAGE! AVERAGE I STANDARDI C$1,000)|MATURITY I EFFECTIVE IERROR I 4/| 3/1 =1 1/ "MOST COMMON BASE PRICING COMMITMENT I PARTICIPATION RATE 6/ PERCENTAGE OF AMOUNT OF LOANS MADE UNDER« LOAN RATE (PERCENT) INTERQUARTILE RANGE 5/ DAYS ALL C & I LOANS 2,812,813 2,835 X 7, 30 0.14 6.98-7.51 91.8 8.5 FED FUNDS ONE MONTH AND UNDER (EXCL OVERNIGHT) -FIXED RATE -FLOATING RATE 1,426,117 1,095,736 330,382 154 171 115 17 16 20 8. 45 8.,06 9. 74 0.22 0.19 0.22 7.44-9.47 7.25-8.35 9.14-10.21 72.5 79.7 49.0 5.6 4.2 10.4 FED FUNDS FED FUNDS PRIME OVER ONE MONTH AND UNDER A YEAR -FIXED RATE -FLOATING RATE 3,150,287 1,005,103 2,145,184 57 36 79 151 107 172 10..05 9..58 10..27 0.18 0.35 0.07 9.31-10.92 7.92-10.92 9.38-10.79 59.8 45.5 66.4 7.4 4.5 8.8 PRIME PRIME PRIME DEMAND 8/ -FIXED RATE -FLOATING RATE 6,517,009 969,433 5,547,576 155 536 138 X X X 9 .46 7 .82 9 .75 0.23 0.20 0.19 8.37-10.47 7.12-8.15 9.31-10.65 90.0 88.3 90.3 4.3 7.8 3.6 PRIME FED FUNDS PRIME 13,906,225 129 68 9 .05 0.25 7.43-10.38 81.7 6.0 PRIME 5,883,084 212,257 111,369 119,254 283,692 142,341 5,014,170 157 7 34 66 186 658 5,210 26 97 114 105 96 54 14 7 .92 11 .92 11 .32 10 .82 9 .52 8 .63 7 .50 0.18 0.14 0.24 0.29 0.33 0.17 0.10 7.05-8.05 10.93-12.75 10.65-12.57 10.20-11.46 8.17-10.75 7.64-9.25 7.05-7.69 81.1 15.2 18.1 28.4 43.1 75.4 88.8 6.9 1.4 0.1 1.1 4.2 5.3 7.6 FED FUNDS OTHER PRIME PRIME PRIME OTHER FED FUNDS 8,023,142 344,909 411,122 604,881 2,047,109 868,551 3,746,571 114 10 34 66 187 642 2,836 151 150 161 153 155 160 144 9 .88 11 .00 10 .81 10 .65 10 .29 9 .89 9 .33 0.16 0.06 0.08 0.05 0.06 0.09 0.32 9.38-10.75 10.20-11.57 10.20-11.57 9.92-11.30 9.65-10.75 9.38-10.34 8.07-10.38 82.2 67.7 74.4 77.4 81.3 82.3 85.6 5.3 0.6 1.8 2.8 8.4 4.4 5.0 PRIME PRIME PRIME PRIME PRIME PRIME PRIME 1,518,840 92 *1 10 ,01 0.22 9.14-10.9* 40.7 6 .7 PRIME 609,851 109,436 133,792 48,556 318,067 82 17 177 676 3,340 54 35 66 73 52 9 .75 11 .88 10 .66 10..51 8..52 0.34 0.30 0.35 0.43 0.43 8.00-11.02 10.47-12.50 10.20-11.30 9.38-12.13 7.39-9.50 35.2 5.5 18.3 41.5 51.5 4 .1 0 .2 1 ,2 4 .9 6 .6 PRIME PRIME PRIME OTHER DOMESTIC 908,988 173,519 229,062 95,921 410,487 101 23 195 624 2,682 49 43 59 39 50 10 .19 11 .33 10 .48 10 .29 9..52 0.23 0.22 0.17 0.29 0.29 9.42-10.93 10.47-11.85 9.92-11.02 9.31-11.35 9.31-9.96 44.4 17.3 34.4 42.4 61.9 8 .5 0 .8 6 .2 19 .2 10 .5 PRIME PRIME PRIME PRIME PRIME OVERNIGHT 7/ TOTAL UNDER ONE YEAR -FIXED RATE BY SIZE ($1,000) 1-24 25-49 50-99 100-499 500-999 1000+ -FLOATING RATE BY SIZE ($1,000) 1-24 25-49 50-99 100-499 500-999 1000+ MONTHS TOTAL ONE YEAR AND OVER -FIXED RATE BY SIZE C$1,000) 1-99 100-499 500-999 1000+ -FLOATING RATE BY SIZE ($1,000) 1-99 100-499 500-999 1000+ DAYS LOAN RATE (PERCENT) EFFECTIVE | N O M I N A L I 3/ | 9/ I I 2. LOANS MADE BELOW PRIME 11/ L PRIME RATE 10/ | 2,699,018 6,692 X 7.18 6.93 8.90 92.1 8.8 1,021,276 633 15 7.66 7.39 9.03 84.3 18.6 742,990 181 119 8.30 8.02 9.23 68.5 8.5 8/ 1,926,258 788 X 7.57 7.37 9.01 92.9 5.2 TOTAL UNDER ONE YEAR -FIXED RATE -FLOATING RATE 6,389,542 5,032,140 1,357,403 746 1,093 343 24 15 141 7.50 7.41 7.84 7.26 7.17 7.60 8.99 8.94 9.19 88.3 87 .5 91.5 9.2 10.4 4.9 373,750 274*957 98,793 447 49-5 352 8.08 7.83 7.77 7.98 III 63.8 60.3 73.4 24.5 OVERNIGHT 7/ ONE MONTH AND UNDER (EXCL OVERNIGHT) OVER ONE MONTH AND UNDER A YEAR DEMAND I TOTAL ONE YEAR AND OVER -FIXED RATE -FLOATING RATE SEE LAST PAGE FOR FOOTNOTES MOTFTHS 43 41 51 8.00 8.28 9.06 S2J SURVEY OF TERMS OF BANK LENDING MADE DURING NOVEMBER 2-6, 1987 TABLE 4 CONSTRUCTION AND LAND DEVELOPMENT LOANS (SECURED AND UNSECURED BY REAL ESTATE) AMOUNT OF LOANS ($1,000) LOAN CHARACTERISTICS 1 1 WEIGHTED AVERAGE I AVERAGE SIZE | I MATURITY ($1,000) |I (MONTHS) ! I! 1. ALL BANKS 1/ FIXED RATE BY SIZE ($1,000) 1-24 25-49 50-99 100-499 500+ FLOATING RATE BY SIZE ($1,000) 1-24 25-49 50-99 100-499 500+ BY TYPE OF CONSTRUCTION SINGLE FAMILY MULTIFAMILY NONRESIDENTIAL 2. LARGE BANKS 1/ FIXED RATE BY SIZE (31,000) 1-24 25-49 50-99 100-499 500+ FLOATING RATE BY SIZE ($1,000) 1-24 25-49 50-99 100-499 500+ BY TYPE OF CONSTRUCTION SINGLE FAMILY MULTIFAMILY NONRESIDENTIAL 3. OTHER BANKS 1/ LOAN RATE (PERCENT) WEIGHTED I AVERAGE I STANDARD EFFECTIVE I ERROR 4/ 3/ INTERQUARTILE RANGE 5/ I PERCENTAGE OF AMOUNT I OF LOANS MADE UNDER: 1 1 | | 1 1 | COMMITMENT JPARTICIPATIONJ I 3,424,900 187 7 9.87 0 .17 9.25-10.47 87.2 10.5 1,608,761 43,010 61,885 64,659 42,155 1,397,052 230 12 35 63 127 8,121 3 6 17 10 15 2 9.60 11.12 13.02 11.44 11.26 9.27 0 .42 0 .31 0 .69 0 .32 0 .48 0 .21 8.89-10.03 10.47-11.52 10.75-13.24 10.75-12.19 10.75-12.75 8.77-9.64 90.7 81.5 43.2 41.6 55.9 96.5 17.2 0.1 0.0 0.1 0.9 19.8 1,816,139 62,158 61,761 103,915 317,563 1,270,742 160 11 35 66 189 2,673 10 8 34 23 15 7 10.11 11.03 10.91 11.22 10.80 9.76 0 .15 0 .10 0 .15 0 .19 0 .13 0 .14 9.65-10.75 10.47-11.57 10.47-11.30 10.25-12.40 10.20-11.30 9.38-10.20 84.1 69.0 76.3 57.1 69.8 91.0 4.7 1.4 0.9 2.3 3.9 5.4 591,709 390,677 2,442,513 52 338 420 9 10 6 10.53 10.10 9.67 0 .21 0 .46 0 .18 9.52-11.02 9.59-10.34 9.14-10.10 73.2 95.4 89.3 0.6 21.3 11.3 2,389,431 1,374 3 9.52 0 .18 9.11-9.96 97.4 11.2 1,309,605 708 774 1,213 3,905 1,303,006 4,453 8 34 67 196 8,832 2 9 20 5 17 2 9.33 10.42 10.21 9.81 8.98 9.33 0 .24 0 .39 0,.31 0,.32 0 .16 0 .18 8.95-9.82 9.92-10.75 9.47-11.07 9.50-10.20 7.90-9.65 8.95-9.82 96.8 83.7 92.2 92.4 100.0 96.8 15.1 3.2 0.0 6.3 9.6 15.2 1,079,826 4,376 9,644 15,324 77,470 973,012 748 10 37 70 232 4,685 5 9 14 9 14 5 9.76 10.47 10.34 10.34 10.30 9.69 0,.17 0..11 0,.13 0..17 0. 09 0. 15 9.56-10.20 10.20-10.75 10.20-10.47 9.92-10.47 9.92-10.64 9.35-10.20 98.1 94.0 96.5 99.4 91.9 98.6 6.5 8.4 2.7 10.0 4.7 6.6 168,460 243,272 1,977,699 426 1,071 1,772 2 4 3 9.74 9.92 9.45 0.28 0 .23 0 .16 9.34-10.47 9.65-10.20 8.98-9.92 90.2 96.7 98.1 1.7 1.6 13.2 1,035,469 62 15 10.68 0 .12 9.69-11.30 63.8 9.0 FIXED RATE BY SIZE ($1,000) 1-24 25-49 50-99 100-499 500+ FLOATING RATE BY SIZE ($1,000) 1-24 25-49 50-99 100-499 500+ 299,156 42,302 61,111 63,447 38,250 * 45 12 35 62 123 X 12 6 17 10 15 * 10.79 11.13 13.05 11.47 11.49 * 0..56 0..36 0.96 0. 39 0. 42 * 8.31-11.57 10.47-11.57 10.75-13.24 10.75-12.19 10.75-12.75 X 64.3 81.4 42.6 40.6 51.4 26.2 0.0 0.0 0.0 0.0 736,313 57,782 52,117 88,591 240,093 297,730 74 11 34 66 178 1,112 17 8 36 24 15 15 10.63 11.07 11.01 11.37 10.96 9.99 0. 20 0. 09 0. 22 0. 28 0. 22 0. 26 9.92-11.30 10.47-11.57 10.47-11.57 10.25-12.40 10.38-11.35 9.38-10.47 63.6 67.1 72.6 49.8 62.7 66.2 2.0 0.8 0.6 1.0 3.6 1.5 BY TYPE OF CONSTRUCTION SINGLE FAMILY MULTIFAMILY NONRESIDENTIAL 423,249 147,406 464,814 39 159 99 10 29 18 10.84 10.40 10.61 0.28 0. 80 0. 16 10.20-11.57 8.31-12.75 9.92-11.02 66.4 93.4 52.0 0.1 53.7 2.9 NOTE* 47.9 PERCENT OF CONSTRUCTION AND LAND DEVELOPMENT LOANS WERE PRICED RELATIVE TO THE PRIME RATE SEE LAST PAGE FOR FOOTNOTES X FEWER THAN 10 SAMPLE LOANS. ALL BANKS Amount of loans (thousands) Number of loans Weighted average maturity (months)2 Weighted average interest rate (%)3 Standard error4 Interquartile range8 By purpose of loan: Feeder livestock Other livestock Other current operating expenses Farm machinery and equipment Farm real estate Other Percentage of amount of loans: With floating rates Made under commitment By purpose of loan: Feeder livestock Other livestock Other current operating expenses Farm machinery and equipment Farm real estate Other LARGE BANKS" Amount of loans (thousands) Number of loans Weighted average maturity (months)1 Weighted average Interest rate (%)3 Standard error4 Interquartile range* By purpose of loan: Feeder livestock Other livestock Other current operating expenses Farm machinery and equipment Farm real estate Other Percentage of amount of loans: With floating rates Made under commitment By purpose of loan: Feeder livestock Other livestock Other current operating expeneee Farm machinery and equipment Farm real estate Other OTHER BANKS" Amount of loans (thousands) Number of loans Weighted average maturity (montha)2 Weighted average interest rate (%)J Standard error4 Interquartile range* By purpose of loan: Feeder livestock Other livestock Other current operating expenses Farm machinery and equipment Farm real estate Other Percentage of amount of loans: With floating rates Made under commitment By purpose of loan: Feeder livestock Other livestock Other current operating expenses Farm machinery and equipment Farm real estate Other See last page for notes to tables •Fewer than 10 sample loens $1-9 1 Size c all sizes a 1 1 Table 5 LOANS TO FARMERS $10-24 $25-48 $50-99 $100-$# $260 end ewer $1,125,172 4o,ii6 11.y $101,976 28,240 6.9 $145,222 9,868 8.2 $137,364 4,006 8.0 $167,730 2,488 7.0 $222,013 1,454 35.5 $350,867 481 4.8 11. Jz .70 9.96-12.19 12.uO .35 11.36-12.41 1.1.65 .49 10.94-12.25 11.37 .37 10.65-12.10 11.47 .34 1 1 . 0 1 - 1 2 . 19 11.51 .57 10.78-12.22 9.82 1.09 8. 05-10.65 11.42 10. o4 11.31 12.Ob 12.04 9 . 14 11.80 12.24 11.92 13.14 11.93 11.99 11.46 11.52 11.87 11.20 12.33 11.18 11.32 11.36 11.53 s 11. 73 11.51 10.61 11.29 11.03 e 9.99 11.04 11.24 10.67 8.40 56.1 5b. 4 51.0 41.4 41.1 40.3 46.2 36.8 53.8 51.0 63.8 51.6 63.9 80.8 34.8 7.4 31.4 7.3 2.8 14.2 20.6 6.2 60.3 6.4 1.5 5.0 22.9 45.5 7.3 29.4 e 48.2 46.4 5 * 23.6 26.1 $365,638 4,438 4.4 $7,305 1,698 6.8 9.68 .68 8.05-10.65 $ 5.1 54.3 9.8 1.4 6.5 # 11.35 $ $ * * * 30.0 $ * $ 19.9 $ # * • # # 7.2 6.9 6.0 37.8 $14,347 914 8.0 $20,078 593 7.4 $25,607 381 8.0 $60,152 388 9.1 $238,150 263 2.6 11.23 .27 10.75-11.63 10.94 .47 1 0 . 3 8 - 1 1 . 46 10.70 .31 10.00-11.35 10. 70 .18 10.43-11.04 10.4* .50 9.88-10.93 9.17 .70 8.05- 9.96 10.27 10.61 10.41 11.22 10.35 8.72 11.05 11.65 11.24 11.17 12.28 11.01 10.80 10.74 10.74 10.68 10.80 10.49 10.04 67.7 95.4 * 10.97 * $ • # * $ 10.82 86.8 78.3 93.9 93.5 84.4 87.8 23.6 4.2 27.3 1.2 1.5 42.1 19.2 4.1 58.2 3.2 3.3 12.0 17.6 21.4 7.3 47.6 $759,533 42,298 14.O $94,671 26,541 58.0 10.63 $ 10.73 * • * 10.4# e * 10. 73 97.7 92.1 94.8 89.3 53.3 99.2 19.7 34.5 21.9 • 55.7 # $ $ * * 36.7 # 19.2 16.3 16.3 6.9 $130,875 8,954 8.3 $117,287 3,413 8.1 $1?2,122 2,107 6.9 $161,861 1,466 41.8 11.67 .15 11.29-12.36 12.06 .22 11.50-12.45 11.73 .11 10.95-12.31 11.48 .19 11.30-12.19 11.61 .28 11.29-12.19 11.90 .27 11.41-12.75 11.75 10.64 11.66 12.11 12.40 11.41 11.86 12.27 11.97 13,22 11.51 11.36 12.19 I S . 29 50.5 37.6 48.2 38.6 35.3 35.5 38.1 28.1 - 45.9 43.6 52.3 37.6 40.2 8.9 33.4 10.2 3.4 3.7 20.7 6.3 60.5 6.7 23.4 49.7 53.3 50.8 s 4.4 5.5 # $ $ $ 53.9 10.6 • 11.79 * # $ # 26.2 * * # „ * 11. 79 11.64 11.76 * e # $ # * * • $ 25.3 # # $ $ 17.4 $ 15.1 11.98 11.19 * * 8 . 40 * $ $ 10.06 10.64 $ * * $ $ $ $ 55.8 $ * e # # * • • $ $ # # # • • • • 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. A subsample of 250 banks also report loans to farmers. The sample data are blown up to estimate the lending terms at all insured commercial banks during that week. 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. Construction and land development loans include both unsecured loans and loans secured by real estate. Thus, some of the construction and land development loans would be reported on the statement of condition as reals estate loans and the remainder as business loans. Mortgage loans, purchased loans, foreign loans, and loans of less than $1,000 are excluded from the survey. 1. As of December 31, 1985, assets of most of the large banks were at least $ 5.5 billion. For all insured banks, total assets averaged $ 165 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 loan and weighted by loan size. 4. The chances are about 2 out of 3 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 interquartile range shows the interest rate range that encompasses the middle fifty percent of the total dollar amount of loans made. 6. The most common base rate is that rate used to price the largest dollar volume of loans. Base pricing rates include the prime rate (sometimes referred to as a bank's "basic" or "reference" rate); the federal funds rate; domestic money market rates other than the federal funds rate; foreign money market rates; and other base rates not included in the foregoing classifications; 7. Overnight loans mature on the business day after they are made. 8. Demand loans have no stated date of maturity. 9. Nominal (not compounded) annual interest rates are calculated from survey data on the stated rate and other terms of the loan and weighted by loan size. 10. The prime rate reported by each bank is weighted by the volume of loans extended and then averaged. 11. The proportion of loans made at rates below prime may vary substantially from the proportion of such loans outstanding in banks' portfolios. 12. Among banks reporting loans to farmers (Table 5), most "large banks" (survey strata 1 to 3) had over * 600 million in total assets, and most "other banks" (survey strata 4 to 6) had total assets below $ 600 million.