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FEDERAL RESERVE
DEC 2 7 1988
FEDERAL RESERVE BANK
E.2
SURVEY OF TERMS OF BANK LENDING MADE DURING NOVEMBER
FOR IMMEDIATE RELEASE
DECEMBER 20, 1988
OF PHILADELPHIA
7-11, 1988
TABLE 1
COMMERCIAL AND INDUSTRIAL LOANS (OTHER THAN CONSTRUCTION AND LAND DEVELOPMENT) MADE BY ALL COMMERCIAL BANKS
AMOUNT
OF LOANS
LOAN CHARACTERISTICS
($1,000)
AVERAGE |WEIGHTED| W E I G H T E D ! T
SIZE
| AVERAGE! AVERAGE |STANDARD I
($1,000)IMATURITYI EFFECTIVE! ERROR
I
I
2/1
3/
4/1
j
DAYS
1/
PERCENTAGE OF A M O U N T I M O S T I
OF LOANS MADE UNDER,
|COMMON |
.
I BASE
I
I | P R I C I N G !
COMMITMENT PARTICIPATION! RATE
I
LOAN RATE (PERCENT)
INTERQUARTILE
RANGE
5/
I
S
l_H!
1. ALL C & I LOANS
10,,032,481
4,,728
*
9.27
0.10
8.94-9.35
58.9
10.7
FED FUNDS
ONE MONTH AND UNDER
(EXCL OVERNIGHT)
-FIXED RATE
-FLOATING RATE
5,,792,879
4,,782,599
1,,010,280
776
1,,004
374
18
17
20
9.51
9.39
10.11
0.19
0.24
0.16
9.11-9. 95
9.11-9.,70
9.36-10.49
77.9
76.6
84.2
12.2
13.5
6.1
OTHER
OTHER
OTHER
OVER ONE MONTH AND
UNDER A YEAR
-FIXED RATE
-FLOATING RATE
6 ,938,988
4,,276,464
2i,662,525
129
154
102
141
105
199
10.51
10.15
11.10
0.17
0.20
0.16
9.58-11. 34
9.35-11. 07
10.38-11.63
81.4
84.4
76.5
11.8
11.6
12.1
PRIME
DOMESTIC
PRIME
267
666
245
*
X
X
10.80
9.66
10.96
0.20
0.14
0.20
9.25-12. 01
9.00-10. 22
9.57-12. 13
83.4
92.4
82.1
8.4
15.7
7.3
PRIME
DOMESTIC
PRIME
9.09-11. 02
OVERNIGHT
7/
13 ,378,620
1 ,714,414
11 ,664,206
DEMAND
8/
-FIXED RATE
-FLOATING RATE
* 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+
*
36 ,142,969
318
48
10.11
0.15
75.3
10.3
PRIME
20 ,378,070
199,044
124,207
147,692
377,087
334,234
19 ,195,807
547
8
33
64
184
671
7 ,885
29
106
99
98
89
47
26
9.51
12.19
11.52
12.10
10.86
10.03
9.42
0.14
0.16
0.15
0.30
0.12
0.11
0.11
8.97-9
11.46-13
10.71-12
11.22-12
10.05-11
9.20-10
8.94-9
.76
00
.19
.72
.57
.71
.67
70.4
20.0
26.1
24.0
47.9
72.5
71.9
12.2
0.1
3.6
0.9
2.8
10.3
12.7
FED FUNDS
OTHER
PRIME
PRIME
PRIME
DOMESTIC
FED FUNDS
15 ,764,899
355,261
413,527
677,716
2 ,651,834
1 ,210,272
10 ,456,288
207
10
34
66
198
653
5 ,212
134
149
169
163
182
157
110
10.89
12.12
11.92
11.65
11.38
11.20
10.59
0.19
0.09
0.08
0.08
0.06
0.07
0.23
9.62-11 .91
11.55-12 .68
11.30-12 .68
11.02-12 .13
10.52-11 .91
10.47-11 .85
9.20-11 .63
81.8
69.3
77.6
79.5
86.0
86.0
80.9
7.8
0.9
3.3
2.8
10.0
7.7
8.0
PRIME
PRIME
PRIME
PRIME
PRIME
PRIME
PRIME
2 ,576,575
173
9.54-11..63
1 ,074,644
126,456
48,232
32,073
867,884
1 ,501,931
152,876
362,589
137,278
849,187
*
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+
|
MONTHS
j
47
10.79
0.25
70.8
9.1
147
19
172
635
5 ,393
46
74
59
56
40
10.48
12.65
11.53
10.60
10.11
0.43
0.31
0.27
0.41
0.22
9.12-11
11.57-12
11.00-12
9.64-11
8.88-11
.29
.68
.40
.49
.07
79.7
26.4
35.3
85.6
89.7
3.1
0.2
2.9
0.0
3.7
196
27
220
657
3 ,942
49
63
48
53
46
11.00
12.05
11.69
11.30
10.47
0.22
0.17
0.20
0.21
0.19
9.96-11 .74
11.57-12,.68
10.52-12 .13
10.52-11 .91
9.29-11 .57
64.4
25.8
48.5
50.1
80.5
13.3
1.7
16.1
5.8
15.5
TAYT"
LOAN RATE (PERCENT)
epftmve
3/
nominal
9/
i
I
PRIME
RATE
10/
2. LOANS MADE BELOW PRIME 11/
9,456,175
9,008
ONE MONTH AND UNDER
(EXCL OVERNIGHT)
4,962,395
3,056
OVER ONE MONTH AND
UNDER A YEAR
3,344,030
628
DEMAND
4,636,975
1,728
22,399,574
17,441,987
4,957,587
2,096
2,500
1,337
1,015,037
512,241
502,796
750
813
695
OVERNIGHT
7/
8/
TOTAL UNDER ONE YEAR
-FIXED RATE
-FLOATING RATE
SEE LAST PAGE FOR FOOTNOTES
8.74
10.00
56.7
12.5
16
9.19
8.80
10.00
78.3
13.5
128
9.54
9.18
10.07
93.4
12.1
9.21
8.84
10.01
65.4
8.6
9.22
9.19
9.33
8.84
8.81
8.96
10.01
10.01
10.04
68.8
68.1
69.0
11.9
13.9
4.9
9.43
9.20
9.66
9.11
8.94
9.27
10.11
10.02
10.19
94.0
91.7
96.3
9.8
0.0
19.7
30
23
94
j
TOTAL ONE YEAR AND OVER
-FIXED RATE
-FLOATING RATE
9.13
MONTHS
31
26
37
PRIME
DOMESTIC
OTHER
PRIME
OTHER
DOMESTIC
PRIME
PRIME
PRIME
PRIME
PRIME
E.a
SURVEY OF TERMS OF BANK LENDING MADE DURING NOVEMBER 7-11, 1988
TABLE 2
COMMERCIAL AND INDUSTRIAL LOANS (OTHER THAN CONSTRUCTION AND LAND DEVELOPMENT) MADE BY LARGE BANKS
j
LOAN CHARACTERISTICS
AMOUNT
OF LOANS
($1,000)
1
1
|
|
|
!
1
AVERAGE WEIGHTED WEIGHTED!
1
SIZE
AVERAGE AVERAGE ISTANDARD!
(#1,000)(MATURITY EFFECTIVE1 ERROR
|
2/
V|
1
I MOST I
I COMMON |
I BASE |
1 PRICING I
1
COMMITMENT I PARTICIPATION I RATE I
j
6/ j
INTERQUARTILE
RANGE
1/
PERCENTAGE OF AMOUNT
OF LOANS MADE UNDER:
LOAN RATE (PERCENT)
!
5/
6AVS
1. ALL C 8 I LOANS
OVERNIGHT
7/
7,580,092
7,985
*
9.36
0.16
8.94-9. 42
66.1
13.9
FED FUNDS
ONE MONTH AND UNDER
(EXCL OVERNIGHT)
-FIXED RATE
-FLOATING RATE
4,379,053
3,729,185
649,869
3,029
3,951
1,295
18
17
21
9.38
9.29
9.90
0.29
0.42
0.18
9 . 1 1 - 9 . 89
9 . 0 4 - 9 . 70
9.30-10. 47
76.8
85.9
75.2
12.4
13.8
4.6
OTHER
OTHER
DOMESTIC
OVER ONE MONTH AND
UNDER A YEAR
-FIXED RATE
-FLOATING RATE
4,458,520
3,313,942
1,144,578
903
2,006
349
125
99
202
10.18
10.03
10.62
0.14
0.15
0.27
9.44-11. 07
9 . 3 5 - 1 0 . 94
9.88-11. 48
91.7
93.9
85.5
11.9
14.4
4.6
DOMESTIC
DEMAND
8/
-FIXED RATE
-FLOATING RATE
8,766,153
976,243
7,789,910
634
2,411
580
M
*
*
10.78
9.89
10.90
0.39
0.17
0.40
9.20-12. 01
9.18-10. 47
9.20-12. 19
80.5
90.0
79.3
6.3
1.4
6.9
PRIME
DOMESTIC
25,183,818
1,190
39
10.00
0.13
9.09-10. 61
77.5
10.6
PRIME
15,177,755
7,762
10,019
20,468
118,503
169,961
14,851,042
3,877
10
33
67
217
693
8,547
28
81
73
60
55
34
28
9.52
11.78
11.38
11.42
10.76
10.27
9.50
0.18
0.22
0.26
0.32
0.14
0.08
0.18
9.02-9 80
11.35-12. 57
10.51-12. 05
1 0 . 9 4 - 1 2 . 09
10.09-11. 50
9.55-11. 03
9.01-9. 80
75.0
21.7
41.3
46 .7
69.7
78.3
75.1
13.6
0.0
0.0
0.4
3.4
13.9
13.7
FED FUNDS
PRIME
PRIME
10,006,063
61,274
92,129
178,726
898,907
595,723
8,179,305
580
11
34
67
209
658
6,774
112
133
154
157
148
150
104
10.73
11.88
11.75
11.53
11.24
11.07
10.61
0.36
0.15
0.13
0.13
0.09
0.07
0.45
9.25-12.01
11.02-12. 68
11.02-12. 40
10.75-12. 13
10.47-11. 71
10.47-11. 63
9.18-12. 01
81.3
83.1
85.8
88.4
89.3
92.1
79.4
6.2
0.4
1.0
2.1
5.2
8.2
6.4
PRIME
PRIME
PRIME
PRIME
PRIME
PRIME
PRIME
MONTHS
1
1,538,426
972
42
10.22
0.29
9.19-11 .07
93.3
9.5
DOMESTIC
815,479
5,155
9,015
12,287
789,021
2,081
25
244
648
6,179
39
46
61
43
39
10.06
12.46
10.68
10.09
10.04
0.61
0.44
0.50
0.72
0.26
8.88-11 .07
11.07-13 .24
10.47-12 .01
9.59-10 .47
8.88-11 .07
95.6
34.9
54.6
94.5
96.5
3.9
0.0
0.0
0.0
4.1
DOMESTIC
OTHER
OTHER
722,947
20,573
77,293
59,726
565,355
607
34
211
633
4,841
45
35
45
40
46
10.40
12.15
11.33
10.97
10.15
0.29
0.35
0.25
0.23
0.31
9.28-11 .57
11.02-12 .75
10.52-11 .73
10 38-11 .71
9.23-11 .07
90.6
65.2
77.7
81.4
94.3
15.8
0.5
5.5
8.7
18.6
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 ($1,000)
1-99
100-499
500-999
1000+
-FLOATING RATE
BY SIZE (#1,000)
1-99
100-499
500-999
1000+
LOAN RATE (PERCENT)
DAYS
eppECtive
3/
NOMINAL
9/
PRIME 1
RATE |
10/ |
2. LOANS MADE BELOW PRIME 11/
7,039,554
10,028
*
9.20
8.80
10.00
63.7
14.9
ONE MONTH AND UNDER
(EXCL OVERNIGHT)
3,867,427
5,576
17
9.15
8.77
10.00
76.0
13.2
OVER ONE MONTH AND
UNDER A YEAR
2,708,342
5,569
121
9.54
9.19
9.99
96.1
12.0
DEMAND
8/
3,317,365
5,428
9.18
8.81
10.00
56.0
0.5
TOTAL UNDER ONE YEAR
-FIXED RATE
-FLOATING RATE
16,932,688
13,004,772
3,927,916
6,792
7,002
6,180
29
9.24
9.23
9.25
8.86
8.85
8.88
10.00
10.00
10.00
?$:!
63.5
11.3
14.5
0.5
819,308
478,578
340,730
4,031
4,613
3,425
—32
9.22
9.14
9.34
8.94
8.90
8.99
9.99
10.00
9.98
56.9
95.4
98.9
0.0
15.0
OVERNIGHT
7/
22
96
HtiNtHs
TOTAL ONE YEAR AND OVER
-FIXED RATE
-FLOATING RATE
SEE LAST PAGE FOR FOOTNOTES
26
40
1
6.2
DOMESTIC
PRIME
PRIME
PRIME
PRIME
DOMESTIC
FED FUNDS
OTHER
DOMESTIC
PRIME
PRIME
PRIME
PRIME
DOMESTIC
SURVEY OF TERMS OF BANK LENDING MADE DURING NOVEMBER 7-11, 1988
TABLE 3
COMMERCIAL AND INDUSTRIAL LOANS (OTHER THAN CONSTRUCTION AND LAND DEVELOPMENT) MADE BY OTHER BANKS
LOAN CHARACTERISTICS
AMOUNT
OF LOANS
($1,000)
|
I
I
1
AVERAGE WEIGHTED HEIGHtti)!
SIZE
AVERAGE AVERAGE STANDARD|
($1,000) MATURITY EFFECTIVE ERROR
3/
4/1
2/
INTEAQUARTILE
RANGE
5/
1/
PERCENTAGE OF A M O U N T
OF LOANS MADE U N D E R :
LOAN RATE (PERCENT)
| MOST
|
1 COMMON I
1
1 BASE 1
1 PRICING!
!
!
COMMITMENT|PARTICIPATION! R A T E
bAYS
"!
1
1. ALL C 8 I LOANS
2,452,389
2 ,092
*
8.99
0.12
8.73-9 .14
36.7
0.7
FED FUNDS
ONE MONTH AND UNDER
(EXCL OVERNIGHT)
-FIXED RATE
-FLOATING RATE
1,413,826
1,053,415
360,411
235
276
164
17
17
18
9.92
9.72
10.49
0.17
0.19
0.20
9.15-10 .15
9.15-9 .74
9.83-11 .57
81.4
81.5
81.2
11.5
12.4
8.6
FED FUNDS
OTHER
OVER ONE MONTH AND
UNDER A YEAR
-FIXED RATE
-FLOATING RATE
2,480,468
962,522
1,517,947
51
37
67
170
129
196
11.11
10.57
11.46
0.13
0.30
0.08
10.38-11.85
9.23-11 .96
10.92-11 .85
62.8
51.9
69.8
11.7
2.1
17.7
PRIME
PRIME
DEMAND
8/
-FIXED RATE
-FLOATING RATE
4,612,468
738,171
3,874,297
127
340
114
*
10.82
9.36
11.10
0.13
0.16
0.07
10.22-11 .57
9.00-9,.54
10.47-11.85
88.9
95.5
87.7
12.3
34.7
8.1
10,959,151
119
71
10.36
0.22
9.05-11.57
70.4
9.5
PRIME
5,200,315
191,282
114,188
127,224
258,583
164,273
4,344,766
156
8
33
63
171
650
6 ,236
33
107
101
104
104
61
19
9.48
12.21
11.53
12.21
10.90
9.79
9.13
0.21
0.14
0.13
6.35
0.22
0.17
0.13
8.83-9 52
11.46-13 ,10
10.92-12. 19
11.46-12. 83
10.05-11. 63
9.00-10.,38
8.79-9.,27
56.9
19.9
24.8
20.4
37.9
66.5
61.2
8.1
0.1
3.9
1.0
2.5
6.5
9.2
FED FUNDS,
OTHER
5,758,836
293,988
321,398
498,989
1,752,928
614,549
2,276,984
98
9
33
66
193
648
2 ,851
161
151
171
164
191
162
128
11.15
12.17
11.97
11.69
11.45
11.32
10.52
0.06
0.08
0.07
0.06
0.04
0.10
0.17
10.47-11 85
11.57-12 .71
11.35-12. 68
11.02-12. 19
10.75-12. 13
10.47-12. 13
9.50-11.19
82.6
66.4
75.3
76.3
84.3
80.1
86.4
10.6
1.0
3.9
3.0
12.4
7.2
14.1
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+
*
X
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+
MONTHS
PRIME
11.62
0.12
10.75-12. 13
37.4
8.4
PRIME
11.82
12.66
11.72
10.92
10.82
0.45
0.48
0.14
0.52
0.13
10.86-12. 40
11.57-12. 68
11.02-12. 40
9.66-11. 85
10.76-10. 86
29.4
26.1
30.8
80.0
21.2
0.6
0.2
3.6
0.0
0.0
OTHER
OTHER
778,983
132,303
285,296
77,552
283,832
121
27
223
677
2 ,877
52
67
49
64
45
11.56
12.04
11.78
11.55
11.10
0.19
0.09
0.30
0.25
0.16
10.47-12 13
11.57-12. 68
10.52-12. 68
11.57-11 91
10.42-11 63
40.1
19.6
40.6
26.0
53.0
11.0
1.9
19.0
3.5
9.3
PRIME
PRIME
PRIME
DAYS
LOAN kAte (PERCENT) j
EFFECTIVE 11 NOMINAL
!
635,688
131
8/
1,319,610
637
TOTAL UNDER ONE YEAR
-FIXED RATE
-FLOATING RATE
5,466,886
4,437,215
1,029,671
667
867
335
195,729
33,663
162,066
170
64
260
PRIME
54
1 ,177
SEE LAST PAGE FOR FOOTNOTES
PRIME
PRIME
PRIME
66
76
59
64
57
1,094,967
TOTAL ONE YEAR AND OVER
-FIXED RATE
-FLOATING RATE
PRIME
PRIME
38
18
161
628
2 ,374
6 ,950
DEMAND
PRIME
PRIME
PRIME
FED FUNDS
FED FUNDS
78
2,416,621
OVER ONE MONTH AND
UNDER A YEAR
PRIME
259,165
121,301
39,217
19,786
78,862
!
7/
PRIME
DOMESTIC
1
2. LOANS MADE BELOW PRIME 11/
ONE MONTH AND UNDER
(EXCL OVERNIGHT)
PRIME
1,038,149
1
OVERNIGHT
FED FUNDS
X
1
PRIME I
RATE 1
10/ I
8.93
8.56
10.00
36.3
5.6
15
9.33
8.93
10.01
86.4
14.2
159
9.50
9.14
10.39
81.8
12.4
9.28
8.92
10.04
89.2
28.9
9.16
9.06
9.62
8.79
8.68
9.24
10.06
10.03
10.19
64.4
59.4
86.0
13.8
12.0
21.4
10.28
10.03
10.34
9.81
9.57
9.86
10.59
10.41
10.63
81.9
39.3
90.7
24.7
A
X
30
23
88
1
9/
|
MONTHS
30
26
31
1
zt r
PRIME
OTHER
OTHER
PRIME
PRIME
E. 2
SURVEY OF TERMS OF BANK LENDING MADE DURING NOVEMBER 7-11, 1988
TABLE 4
CONSTRUCTION AND LAND DEVELOPMENT LOANS (SECURED AND UNSECURED BY REAL ESTATE)
AMOUNT
OF LOANS
($1,000)
LOAN CHARACTERISTICS
1. ALL BANKS
1/
FIXED RATE
BY SIZE ($1,000)
1-24
25-49
50-99
100-499
500+
FLOATING RATE
Bt 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 ($1,000)
1-24
25-49
50-99
100-499
500+
FLOATING RATE
BY SIZE ($1,000)
1-24
i
25-49
jk 50-99
^00-499
500+
BY TYPE OF CONSTRUCTION
SINGLE FAMILY
MULTIFAMILY
NONRESIDENTIAL
3. OTHER BANKS
1/
1
1 WEIGHTED
AVERAGE I AVERAGE
SIZE
I MATURITY
($1,000) | (MONTHS)
2/
1
LOAN RATE (PERCENT)
WEIGHTED |
1
AVERAGE | STANDARD 11
EFFECTIVE! ERROR
I1
3 /
!
i
INTERQUARTILE
RANGE
5/
11.04
0.14
10. 62-11. 57
84. 9
17.2
718,378
19,298
13,750
6,219
27,971
651,141
170
6
34
76
214
3,076
7
5
10
10
18
6
10.41
11.59
11.64
11.44
11.27
10.31
0.20
0.25
0.19
0.27
0.32
0.21
9. 92-10. 64
11. 05-12. 13
11. 02-12. 13
11. 26-11. 57
10. 61-12. 13
9. 92-10. 64
81.6
75. 9
63. 4
68.4
74.8
82.5
7.4
0.0
0.0
0.0
30.4
6.8
1,686,579
42,052
45,693
76,861
251,029
1,270,943
209
10
36
67
228
2,765
20
11
8
9
16
22
11.30
12.12
11.83
12.18
11.57
11.15
0.10
0.11
0.10
0.12
0.05
0.15
11. 02-11. 57
11. 57-12. 68
11. 57-12. 19
11. 57-13. 31
11. 03-11. 85
11. 02-11. 57
86. 4
83. 8
85.9
89.1
88. 4
85.9
21.3
3.4
4.6
2.6
3.1
27.3
304,238
235,929
1,864,790
40
304
470
13
23
14
11.44
10.98
10.98
0.12
0.16
0.16
11. 02-12. 13
9. 92-11. 57
10. 61-11.57
82. 1
49. 4
89. 9
1.1
1.7
21.8
1,418,010
897
14
11.02
0.21
10. 64-11. 30
88. 6
27.2
484,890
669
665
*
*
478,966
2,888
11
33
*
*
9,566
2
7
9
X
2
10.46
11.45
11.43
X
X
10.46
0.23
0.45
0.34
X
X
0.24
10. 34-10, 64
10. 94-11.57
11. 31-11. 57
X
X
10..34-10. 64
95. 1
79. 2
80. 1
X
X
95.2
9.5
0.0
0.0
X
X
9.3
933,121
4,701
5,965
12,357
99,219
810,879
660
10
36
71
253
3,587
21
10
14
15
16
21
11.31
12.15
11.63
11.74
11.54
11.27
0.12
0.18
0.16
0.11
0.07
0.15
11..02-11. 57
11..57-12. 75
11 .30-12. 13
11 .30-12..13
11 .30-11 .85
11 .02-11 .57
85. 2
88. 7
92. 6
97. 8
95 3
83 .7
36.4
1.1
0.8
7.3
1.7
41.6
91,849
143,194
1,182,967
152
911
1,443
15
25
13
11.60
11.31
10.94
0.14
0.12
0.21
11 .30-12 .01
11 .02-11 .57
10 .64-11 .30
92 .6
63 .3
91 .3
0.0
1.4
32.5
986,946
92
17
11.06
0.22
10.47-11.57
79 .7
2.7
233,488
18,629
13,085i
5,311
24,289
*
58
6
34
77
223
X
16
5
10
8
19
X
10.31
11.59
11.65
11.52
11.32
X
0.35
0.21
0.24
0.48
0.43
X
9 .42-11 .02
11 .06-12 .13
11 .02-12 .13
11 .35-11 .57
10 .67-12 .13
X
53 .4
75 .8
62 .5
65 .0
72 .2
X
2.9
0.0
0.0
0.0
27.6
X
113
10
36
67
213
1,970
18
11
7
9
16
23
11.30
12.12
11.86
12.27
11.59
10.95
0.17
0.14
0.11
0.19
0.06
0.24
10 .75-11 .63
11 .57-12 .68
11 .57-12 .19
11 .57-13 .31
11 .02-12 .13
10.47-11 .57
87 .8
83 .1
84 .9
87 .5
83 .9
89 .8
2.6
3.6
5.2
1.7
4.0
2.0
31
150
216
13
22
18
11:37
10.47
11.05
0.21
0.31
0.27
11 .02-12 .17
9 .92-11 .02
10 .47-11 .57
77 . 6
27.9
87 .4
1.5
2.0
3.2
BY TYPE OF CONSTRUCTION
SINGLE FAMILY
MULTIFAMILY
NONRESIDENTIAL
212,389
92,735
681,823
;
NOTE. 67.5 PERCENT 9F CONSTRUCTION AND LAND DEVELOPMENT LOANS WERE PRICED RELATIVE TO THE PRIME RATE
!
15
753,458
37,351
39,727
64,504i
151,811
460,064
* FEWER THAN 10 SAMPLE LOANS.
!
196
*
1
|
1
COMMITMENT I PARTICIPATION!
2,404,957
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+
SEE LAST PAGE FOR FOOTNOTES
PERCENTAGE OF AMOUNT
OF LOANS MADE UNDER,
able 5
UAN9 IV r-AHMCriO
,LL BANKS
Amount of loans (thousand#
Number of loans
Weighted average maturity {months^
Weighted average interest rate i'%)3
Standard error4
Interquartile range9
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 expsmeeo
Farm machinery and equipment
Farm real estate
Other
LARGE BANKS11
Amount of loans (thousands)
Number of loans
Weighted average maturity (mom##*
Weighted average interest rate (%^
Standard error4
Interquartile range9
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
OTHER BANKS12
Amount of loans (thousands)
Number of loans
Weighted average maturity (months)2
Weighted average interest rate (%)3
Standard error4
Interquartile range9
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 machlnsry and equipment
Farm real estats
Other
See lest page for notes to tables
•Fewer than 10 sample loans
Size class of loans (thousands)
$250 and a er
$50-99
$100-248
$93,406
2,611
9.3
$126,989
1,947
10.2
$166,393
1,077
7.2
$199,874
216
4.6
11.91
.45
11.42-12.40
12.01
.89
11.40-12.68
12.03
.55
11.63-12.47
11.49
.97
10.56-12.01
10.84
.22
10.38-11.57
11.53
12.75
11.93
12.33
12. 14
12.40
12.19
11.62
11.87
1 1 . 76
11.98
1 2 . 17
11.34
11,. 0 2
12.22
11.53
11.35
12.25
13.31
12.06
11.89
11.54
11.58
12.00
12.15
11.71
11.03
62.6
61.6
51.7
43.2
53.7
48.5
65.8
58.0
52.7
3d. 5
71. 1
56.9
68.4
94.7
28.6
13.8
38.0
3.5
3.1
13. 1
14.4
4.2
68.6
5.4
1.2
6.2
31.1
6.8
46.5
6.2
4.6
4.7
39.2
6.3
41.1
27.7
17.3
32.7
42.0
16.9
$273,529
3,480
5.6
46,442
1,555
7.0
11.10
.56
10.47-11.63
$25-49
$10-24
s i siase
51-9
$753,*60
d2,302
7,4
£72,689
19,936
6. 1
$94,609
6,515
8.0
11.59
.o0
10.74-12.13
12.10
.52
11.57-12.55
11.57
11.72
11.57
*
*
$
$
*
*
11.06
10.73
*
*
$
*
*
34.8
*
27.4
*
*
*
*
*
3.7
9.b
6.0
3J . 4
$10,980
706
5.7
$17,162
479
9.7
$22,379
332
9.6
$35,282
242
12.3
$ 1 8 1 , 2 85
1 65
4 .0
12.37
.49
11.81-12.83
12.09
.43
11.57-12.68
11.89
.85
11.46-12.40
11.76
• 51
11.30-12 .28
11.58
.68
11.02-12.02
1 0 . 75
18
1 0 . 3 8 - 1 1 . 07
11.08
10.73
11.22
11.99
11.98
11.17
11.86
12.46
12.41
12.71
11.71
1 2 . 14
12. 14
11.67
12.04
11.87
11.62
11.35
1 0 . 71
12.07
12.29
12.00
11.95
11.71
10. 93
74.9
91.4
86.8
78.5
94.4
89.7
96.4
87.8
91.2
81.2
95.9
88.3
65 . 1
94 . 1
16.5
19.0
35.4
•8
.9
27.4
8.7
5.8
68.2
4.2
13.7
6.0
61.4
19. 1
7.5
52.3
23.3
28.5
13 »5
9.6
13.2
17.1
21.3
28.2
$480,431
28,822
8.2
$66,248
18,381
6.0
$83,628
5,808
8.2
$76,244
2,132
9.2
$104,611
1,616
10.3
$131,111
835
6.7
11.86
.20
11.30-12.47
12.07
.16
11.57-12.50
11.89
.12
11.41-12.36
12.04
.27
11.40-12.68
12.09
. 19
11.63-12.47
11.46
.68
10.56-11.91
11.70
12.72
11.75
12.24
11.48
11.91
12.27
13.43
12.03
11.83
11.52
12.24
11.79
11.50
55.6
44.6
48.3
39.8
48.4
43.1
58.9
51.3
44.5
29.4
35.4
10.8
39.5
5.0
4.4
5.0
15.0
4.0
68.6
5.5
33.4
43.7
28.7
$
*
$
*
*
*
$
*
*
*
*
11.89
$
*
*
11.88
*
*
*
*
$
*
*
*
11.60
*
*
*
41.2
*
•
*
*
*
*
•
*
11.69
*
*
*
35.7
*
*
*
•
*
10. 73
*
*
*
30 . 2
30 15
*
*
*
*
*
*
|
*
44.6
*
*
*
5.8
*
*
38.6
*
•
*
$
*
*
*
*
64.5
48.4
*
*
*
*
*
*
e
#
«
•
•
#
*
<
NOTES
The survey of terms of bank lending to business collects data on gross loan extensio
made during the first full business week in the mid- month of each quarter by a samp
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, 1987, assets of most of the large banks were at least $ 6.0
billion. For all insured banks, total assets averaged $ 220 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.
@FedFRASER