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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.