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.•aSSfifc~7£aW6&!77m gOA*? FEDERAL RESERVE statistical release : ' ^ 4 L R £ ^ ' % iwediate release Jamieey 1980 B.2 TABLE 1 S O B ? I I OF TERMS OF BANK LENDING SHORT-TERM COMMERCIAL AMD INDUSTRIAL LOAMS (OTHER THAI COSSTRDCTIOH AND LAND DEVELOPMENT) V ^ HADE DURING 1 0 ? 4 " ; S I Z E CLASS OF LOAN ( I N THOUSANDS) ALL SIZES 8 > 1980 $1,000 $50-99 $100-499 $500-9^ AND OVER $665,4# 1.0*9 *8,774,868 1,953 1.7 ALL BANKS AMOUNT OP LOANS (THOUSANDS) $13,100,722 NUMBER OF LOANS 131,579 WEIGHTED AVERAGE MATURITY (MONTHS) J / 2.2 $729,247 92,779 3.0 $54 9 , 0 8 9 16,539 3.5 $562,389 9,235 2.9 $1,819,646 10,024 3.0 WEIGHTED AVERAGE INTEREST RATE (%) 2 / 15.71 STANDARD ERROR 2 / .29 INTERQUARTILE RANGE 4 / 15.12-16.65 15.97 .33 14.75-17.23 15.72 .43 13.52-17.11 16.39 .21 15.50-17.50 15.52 .44 14.50-16.75 .3i-te.li m 15.68 . 17 15.25-16.50 50.5 15.7 25.2 25.0 25.1 14.9 27.9 22.3 12.0 40.7 35.3 17.4 52. 1 46.4 24.3 68.3 65.6 31.0 53.0 48.0 27.1 $8,263,684 12,972 1.8 $56,450 5,920 3.0 $57,678 1,751 3.2 $88,537 1,369 3.1 $437,883 2,174 3.4 $299,946 468 3.3 $7,323,190 1,289 15.77 WEIGHTED AVERAGE INTEREST RATE ( 1 ) % / .1* STANDARD ERBOR 3 / 15.27-16.65 INTERQUARTILE RANGE 4 / 16.72 16.68 .08 16.22 15.50-17.09 16.02 .10 15.31-16.65 15.71 .14 15.27-16.58 75.0 PERCENTAGE OF AMOUNT OF LOANS: WITH FLOATING RATE MADE UNDER COMMITMENT WITH NO STATED MATURITY 0 9 LARGE BANKS AMOUNT OF LOANS (THOUSANDS) NUMBER OF LOANS WEIGHTED AVERAGE MATURITY (MONTHS) 1/ V 1.6 15.87-18.00 71-17.81 16.50 .04 15.79-17.50 54.4 45.3 26.5 51.8 44.0 18.7 63.2 54.4 22.4 53.1 28.7 66.1 73.4 63.3 28.1 52.1 43.1 26.4 OTHER BANKS AMOUNT OF LOANS (THOUSANDS) $4,837,039 NUMBER OF LOANS 118,606 WEIGHTED AVERAGE MATURITY (MONTHS) ] / 3.0 $672,797 86,859 3.0 $491,411 14,788 3.5 $473,852 7,866 2.9 $1,381,763 7,84 9 2.9 $365,537 581 3.5 $1,451,679 664 2.7 15.62 WEIGHTED AVERAGE INTE1EST RATE (%) 2/ STANDARD EBROR 3 / .25 14.75-16.65 INTERQUARTILE RANGE 4 / 15.91 .30 14.75-17.11 15.60 .42 13.50-16.99 16.37 15.50-17.50 .20 15.29 .43 13.80-16.65 15.75 .13 15.31-16.50 15.09-16.21 22.8 23.8 18.5 10.8 35.6 32.0 15.2 44.9 40. 1 23.0 64.0 67.5 33.4 57. 1 72.3 30.7 PERCENTAGE OF AMOUNT OF LOANS: WITH FLOATING RATE MADE UNDER COMMITMENT WITH NO STATED MATURITY PERCENTAGE OF AMOUNT OF LOANS: WITH FLOATING RATE MADE UNDER COMMITMfST WITH NO STATED MATURITY 43.9 46.5 22.9 .10 23.5 14.6 68.1 .08 28.4 15.54 NOTE: THE SURVEY OF TERMS OF BANK LENDING I S TAKEN OF ABOUT 3 4 0 BANKS SELECTED TO REPRESENT ALL SIZES OF BANKS. THE SAMPLE DATA ABB COLLECTED OVER ONE BUSINESS WEEK AND USED TO ESTIMATE LENDING TERMS AT ALL INSURED COMMERCIAL BANKS. SHORT TERM LOANS HAVE ORIGINAL MATURITIES OF LESS THAI ORE YEAR, AND LONG TERM LOANS HAVE MATURITIES OF ONE YEAR OR MORS. CONSTRUCTION AND LAID DEVELOPMENT LOANS INCLUDE BOTH UNSECURED AND LOANS SECURED BY REAL ESTATE. THUS, SOME OF THE CONSTRUCTION AND LAND DEVELOPMENT LOANS WOULD BE REPORTED ON THE STATEMENT OF CONDITION AS REAL ESTATE LOANS AND THE REMAINDER AS BUSINESS LOANS. AS OF 3 / 3 1 / 8 0 , AVERAGE DOMESTIC ASSETS OF 48 LARGE BANKS WERE $ 1 0 . 5 BILLION AND ASSETS OF THE SMALLEST OF THESE BANKS WERE $ 2 . 1 BILLION. FOR ALL INSURED BANKS, TOTAL DOMESTIC ASSETS AVERAGED $ 9 7 . 5 MILLION. 1/ AVERAGE MATURITIES ARB WEIGHTED BY LOAN VOLUMES EXCLUSIVE OF LOANS WITH NO STATED MATURITY (DEMAND LOANS). 2/ THE APPROXIMATE COMPOU1DED ANNUAL INTEREST RATE ON EACH LOAN I S CALCULATED FROM SURVEY DATA ON THE STATED RATE AND OTHER TERMS OF THE LOAN; THEM, II COMPUTING THE AVERAGE OF THESE APPROXIMATE EFFECTIVE RATES, EACH LOAN I S SEXGHIED BY I T S DOLLAR AMOUNT. 3/ THE CHANCES ARE ABOUT 2 OUT OF 3 THAT THE AVERAGE RATE SHORN WOULD DIFFER BY LESS THAN T H I S AMOUNT FROM THE AVERAGE BATE THAT WOULD BE F O 0 I D BY A COMPLETE SURVEY OF LENDING AT ALL BANKS. 4/ THE IITERQUABTILE BAIGE SHOWS THE INTEREST BATE RANGE THAT EICOMPASSES THE MIDDLE FIFTY PERCENT OF THE TOTAL DOLLAR AMOUNT OF LOAMS MAD:. .08 LONG-TERM COMMERCIAL AND INDUSTRIAL LOANS TABLE 2 SURVEY OP TERMS OP BANK LENDING (OTHER THAN CONSTRUCTION AND LAND DEVELOPMENT) S I Z E CLASS OF LOAN ALL BANKS A MOUNT OP LOANS (THOUSANDS) NUMBER OF) ^LOANS WEIGHTED AVERAGE MATURITY (MONTHS) BEIGHTED AVERAGE I N T E R E S T RATE STANDARD ERROR 3 / I N T E R Q U A R T I L E RANGE 4 / $306,233 15,060 46.3 $571,615 2,245 34.4 $171,411 245 40.6 $2,102,851 439 49.6 15.07 •21 14.50-15.62 15.42 .23 14.93-16.65 15.29 .30 14.75-15.50 15.20 .38 14.50-16.25 14.50-15.50 39.3 29.0 29.5 2 5.1 72.3 70.2 85.5 7 0. 3 $1,791,413, 3,932 J/ 2/ PERCENTAGE OF AMOUNT OP LOANS: KITH FLOATING RATE MADE UNDER COMMITMENT 4 8 LAPGE BANKS AMOUNT OF LOANS (THOUSANDS) NUMBER OP LCANS WEIGHTED AVERAGE MATURITY (MONTHS) Ore* ^ BEIGHTED AVERAGE I N T E R E S T RATE STANDARD ERROR 2 / I N T E R Q U A R T I L E RANGE 4 / OTHER BANKS AMOUNT OF LCANS (THOUSARDS) NUMBER OF LOANS WEIGHTED AVERAGE MATURITY (MONTHS) PERCENTAGE OF AMOUNT OP LOANS: WITH FLOATING RATE MADE UNDER COMMITMENT 1.00 $72,850 3,012 J/ 26.0 $106,903 485 39.7 $109,461 156 37.9 $1,502,199 279 55.7 2/ 14.98 .04 14.50-15.75 15.60 .05 15.00-15.87 15.71 .09 15.00-16.42 15.14 14.75-16.00 .11 14.89 .07 14.50-15.50 85.2 78.1 87.2 82.2 72.5 82.7 87.9 76.5 $1,360,697 14,058 38.2 $233,383 12,048 55.3 $464,713 1,760 33.2 $61,950 90 45.5 $600,651 15.31 .36 14.50-16.25 14.50-15.50 71.9 48.2 79.5 54.9 PERCENTAGE OF AMOUNT OF LOANS: WITH FLOATING RATE HADE UNDER COMMITMENT WEIGHTED AVERAGE I N T E R E S T RATE STANDARD ERROR 5 / I N T E R Q U A R T I L E RANGE 4 / 14.95 86.8 77.3 (X) (X) 1990 AND OVER 70.1 58- 1 (%) 8, $1,000 ALL SIZES $3,152,110 17, 989 46.3 MADE DURING NOV 3 - ( I N THOUSANDS) 1/ 2/ 15.18 .20 14.50-15.50 15.36 15.19 14.40-16.65 14.75-15.50 48.2 32.9 24.9 13.7 12.0 .22 .28 16.2 160 34.6 15.08 1.00 NOTE: THE SURVEY OF TERMS OF BANK LENDING I S TAKEN OF ABOUT 3 4 0 BANKS SELECTED TO REPRESENT ALL S I Z E S OP BANKS. THE SAMPLE DATA ARB COLLECTED OVER ONE B U S I N E S S WEEK AND USED TO ESTIMATE LENDING TERMS AT ALL INSURED COMMERCIAL BANKS. SHORT TERM LOANS HAVE O R I G I N A L MATURITIES OP L E S S THAN ONE YEAR, AND LONG TERM LOANS HAVE MATURITIES OF ONE YEAR OR MORE. CONSTRUCTION AND LAND DEVELOPMENT LOANS INCLUDE BOTH UNSECURED AND LOANS SECURED BY R I A L ESTATE. THUS, SOUS OF THE CONSTRUCTION AND LAND DEVELOPMENT LOANS WOULD BE REPORTED ON THE STATEMENT OF CONDITION AS REAL ESTATE LOANS AND THE REMAINDER AS B U S I N E S S LOANS. AS O F 3 / 3 1 / 8 0 , AVERAGE DOMESTIC A S S E T S OF 4 8 LARGE BANKS WERE $ 1 0 . 5 B I L L I O N AND A S S E T S OF THE SMALLEST OF THESE BANKS WERE $ 2 . 1 B I L L I O N . FOR ALL INSURED BANKS, TOTAL DOMESTIC ASSETS AVERAGED $ 9 7 . 5 M I L L I O N . 1/ AVERAGE MATURITIES ARB WEIGHTED BY LOAN VOLUMES. 2/ THE APPROXIMATE COMPOUNDED ANNUAL I N T E R E S T RATE ON EACH LOAN I S CALCULATED FROM SURVEY DATA ON THE STATED RATE AND OTHER TERMS OF THE LOAN; THEN, I N COMPUTING THE AVERAGE OF THESE APPROXIMATE E F F E C T I V E RATES, EACH LOAN I S WEIGHTED BY I T S DOLLAR AMOUNT. 3/ THE CHANCES ARE ABOUT 2 OUT OF 3 THAT THE AVERAGE RATE SHOWN WOULD D I F F E R BY L E S S THAN T H I S AMOUNT FROM THE AVERAGE RATE THAT WOULD BE FOUND BY A COMPLETE SURVEY 0 £ LENDING AT ALL BANKS. 4/ THE INTERQUARTILE BANGS SHORS THE I N T E R E S T BATE BANCS THAT ENCOMPASSES THE MIDDLE F I F T Y A B O O M O F LOANS MADS. PERCENT OF THE TOTAL DOLLAR TABLE 3 SURVEY OP TERMS OP BANK LENDING CONSTRUCTION AND LAND DEVELOPMENT LOANS (SECURED AND UNSECURED BY REAL ESTATE) S I Z E CLASS OP LOAN ALL SIZES WEIGHTED AVERAGE INTEBEST RATE (X) STANDARD ERROR 3 / INTERQUARTILE RANGE 4 / 1980 ( I N THOUSANDS) $500 AND OVER $1-24 $25-49 $50-99 $11 , 0 7 2 , 2 0 3 24,383 13.4 $105,341 13,527 9.4 $242,030 6, 586 5.0 $167,557 2,637 19.4 $230,726 1,413 10.0 18.0 15.31 .32 14. 0 0 - 1 6 . 6 5 15.23 .78 14.04-16.99 14.64 .72 13 . 1 0 - 1 5 . 5 0 14.74 .58 1 4 ., 0 0 - 1 4 . 7 5 15.24 .52 14.00-17.00 15.50-17.00 22.7 84.3 48.7 100.0 75.0 2.2 22.7 4.9 8.8 98.2 60.9 100.0 66.9 10.0 23.1 26.9 45.6 96.7 21.5 100.0 57.7 3.6 38.7 3.1 47.9 89.8 78.2 $291,854 1,231 V.1 $4,907 508 7.3 $7,104 198 7.1 $10,352 142 7.8 $59,210 258 8.7 16.47 .13 15. 6 0 - 1 7 . 5 0 17.24 .25 16.53-18.83 16.83 .54 16 . 2 1 - 1 8 . 1 3 16.39 .23 15. 6 9 - 1 8 . 0 0 16.48 .24 15.56-17.87 15.56-17.33 85.2 55.1 88.3 .100.0 10.3 11.9 77.8 5.2 92.0 90.6 90.6 100.0 45.9 18.4 35.7 2.2 90.0 91.0 84.7 100.0 54.1 15.7 30.2 6.8 93.0 86.9 87.8 100.0 26.1 18.1 55.8 3.4 92.4 79.7 84.9 82.4 44.6 89.4 $780,348 23,152 11.3 $100,434 13,019 9.5 $234,926 6,388 5.0 $157,205 2,495 20.1 $171,516 1,155 10.7 $116,267 95 14.87 .29 13.80-15.97 15.13 .74 14.04-16.65 14.57 .47 13.10-15.50 14.63 .53 13.72-14.75 14.82 .46 14.00-16.72 15.66 .90 15.03-16.95 29.2 92.0 50.7 100.0 52.3 6.8 40.8 20.8 19.4 84.0 46.6 100.0 76.4 1.5 22.1 5. 1 6.3 98.4 60.2 100.0 67.3 9.9 22.9 27.5 42.5 97.4 17.2 100.0 59.8 2.7 37.6 3.1 32.5 93.3 75.9 100. 0 26.2 6.0 67.8 45.4 60.8 76.7 43.2 100.0 29.9 12.2 57.9 8.3 1/ 1/ PERCENTAGE OF AMOUNT OP LOANS: WITH FLOATING RATE SECURED BY REAL ESTATE MADE UNDER COMMITMENT MADE FOB CONSTRUCTION 1 - 4 FAMILY HOLTIFAMILY NONRESIDENTIAL WITH NO STATED MATUBITT 4 8 LARGB BA NKS ABOUBT OF LCABS (THOUSANDS) BOEBBB OF LOANS WEIGHTED AVERAGE MATURITY (MONTHS) 2 5 J 1 I (*> V V PERCENTAGE OF AMOUNT OF LOANS: WITH FLCATIWG RATE SECURED BY REAL ESTATE MADE UNDER COMMITMENT HADE FOR CONSTRUCTION 1 - 4 FAMILY MULTIFAMILY NONRESIDENTIAL WITH NO STATED 8ATUBITY OTHER BANKS \MOUNT OF LOANS (THOUSANDS) NUMBER OF LCABS WEIGHTED AVERAGE MATURITY (MONTHS) WEIGHTED AVBBAGB IBTBBBST RATE (X) STANDARD ERROR 3 / INTEBQUABTILB RANGE 4 / PERCENTAGE OF AHOOBT OF LOABS: WITH FLOATING BATE SECURED BY REAL ESTATE MADE UNDER COMMITMENT MADE FOB CONSTRUCTION 1 - 4 FAMILY MULTIFAMILY NONBBSIDENTIAL BITH NO STATED MATURITY 8, 44.4 81.9 60.9 100.0 40.9 8.2 50.9 16.5 ALL BANKS AMOUNT OF LOANS (THOUSANDS) NUMBER OF LCABS WEIGHTED AVERAGE MATURITY (MONTHS) STANDARD ERROR 1/ IBTBBQOABTILB RANGE 4 / MADE DURING NOV 3 - 1/ 1/ 100.0 24.9 8.9 66.2 35.8 100.0 21.3 17.2 61.5 8.3 $326,549 221 74.7 56.0 * : - 4S:S "13.3 10.7 76.0 5.8 ;i r $210,282 125 16.44 ,'18 100.Q 4.1 9.8 86.1 4.5 10.8 NOTE: THE SUBVEY OF TERMS OF BANK LENDING I S TAKEN OF ABOUT 3 9 0 BANKS SELECTED TO REPRESENT ALL S I Z E S OP BANKS. THE SAMPLE DATA ARB COLLECTED OVER ONE BUSINESS WEEK AND USED TO ESTIMATE LENDING TERMS AT ALL INSURED COMMERCIAL BANKS. SHORT TERM LOANS HAVF ORIGINAL MATURITIES OF LESS THAN ONE YEAR, AND LONG TERM LOANS HAVE MATURITIES OP ONE YEAR OS MORE. CONSTRUCTION AND LAND DEVELOPMENT LOANS INCLUDE BOTH UNSECURED AND LOANS SECURED BY REAL ESTATE. THUS, SOME OF THE CONSTRUCTION AND LAND DEVELOPMENT LOANS WOULD BE REPORTED ON THE STATEMENT OF CONDITION AS REAL ESTATE LOANS AND TBB REMAINDER AS BUSINESS LOANS. AS OF 3 / 3 1 / 8 0 , AVERAGE DOMESTIC ASSETS OF 4 8 LARGE BANKS WERE $ 1 0 . 5 BILLION AND ASSETS OF THE SMALLEST OF THESE BANKS WERE $ 2 . 1 B I L L I O N . FOR ALL INSURED BANKS, TOTAL DOMESTIC ASSETS AVERAGED $ 9 7 . 5 MILLION. 1/ AVEBAGB MATURITIES ARB BEIGHTBD BY LOAN VOLUMES EXCLUSIVE OF LOANS WITH NO STATED MATURITY 1/ THE APPROXIMATE CCMPOUBDBD ANNUAL INTEREST BATE ON EACH LOAN I S CALCULATED FROM SURVEY DATA ON THE STATED RATE AND OTHBB TERMS OF THE LOAM; THEN, I B COMPUTING THE AVBBAGB OF THESE APPROXIMATE EFFECTIVE BATES, EACH LOAN I S WEIGHTED BY I T S DOLLAB AMOUNT. 3/ THB CHANCES ABB ABOUT 2 OUT OF 3 THAT THE AVBBAGB RATE SHOWN WOULD DIFFBB BY LESS THAN T H I S AMOUNT FROM THE AVERAGE RATE IBAT WOULD BE FOUND B I A COMPLETE SURVEY OF LBBCIBG AT ALL BANKS. 4/ THE IBTBBQOABTILB BINGE SHOWS THB INTEREST RATB BABGB THAT ENCOMPASSES THE MIDDLE FIFTY PERCENT OF TBB TOTAL DOLLAR AHOOBT OF LOABS MADE. (DEMAND LOANS). TABLE 4 SURVEY OF TERMS OF BANK LENDING LOANS TO FARMERS BADE DURING NOV 3 - 8 , SIZE CLASS OP 1980 LOAN ( I N THOUSANDS) $1-9 $10-24 $25-49 $50-99 $109-249 AND OVER $1, 3 0 1 , 6 4 1 72,123 7.3 1/ $191,079 46,721 6.7 $217,452 14,605 7.1 *190,952 5,800 5.6 $196,075 2,838 6.6 $275,324 1,789 10.6 $230,759 370 5.8 15.46 .30 49-16.64 15.10 .31 14.30-15.97 15.02 .33 14.32-15.95 15.22 .33 14.04-16.21 15.55 .28 15.00-16.10 15.74 .73 14.48-16.64 15.96 .99 14.93-17.05 15.45 15.35 15.44 15.13 15.75 15.10 15.19 15.17 15.01 14.91 15.09 15.96 15.J4 14.61 13.90 14.93 14.84 15.33 15.44 16.06 15.23 15.46 15.88 15.42 15.79 15.79 15.30 15.97 16.32 15.44 17.25 21.7 26.1 9.0 13.4 13.6 20.7 14.8 19.8 17.0 17.8 17.6 22.4 54.2 58.3 25.9 6.3 41.0 10.0 16.9 13.6 10.6 40.2 24.2 11.3 21.1 8.0 42.9 18.6 9.5 30.6 5.9 47.9 11.7 3.9 39.7 5.7 28.3 6.1 20.3 25-4 5.8 38.7 * 28.9 25.5 * 47.5 * 22.2 AMOUNT OF LOANS (THOUSANDS) *246,112 NUMBER OP L01MS • "* 3,459 WEIGHTED AVEBAGE MATURITY (MONTHS) 1 / 6.2 $5,744 1,337 5.2 $12,249 797 5.5 $17,522 510 4.4 $25,309 390 4.9 $37,524 251 5.9 $147,763 174 6.9 WEIGHTED AVERAGE INTEBEST BATE (X) %/ 16.27 STANDARD EBBOB 3 / .26 INTEFQUABTILE BANGE 4 / 15.29-17.23 BY PURPOSE OF L O U : FEEDEB LIVESTOCK 16.63 CTHEB LIVESTOCK 15.24 OTHEB CURRENT OPEBATING EXPENSES 15.74 FABM MACHIIBBY AND EQUIPMENT 15.65 CTHEB 16.94 15.62 .26 14.37-17.18 15.64 .28 14.09-17.18 15.94 .15 14.65-17.42 16.03 .14 15.12-17.30 16.10 .65 14.76-17.23 16.46 .57 15.50-17.23 16.71 15.69 15.59 14.92 15.46 15.65 15.39 15.58 15.22 16.04 16.01 15.64 16.06 15.31 16.03 16.29 16.07 15.92 16.36 14.69 16,17 74.1 69.8 45,1 52.7 53.5 63.3 68.7 67.0 68.4 74.4 75.2 77.3 78.3 68.7 24.9 6.7 35.8 4.3 28.3 7.8 7.8 60.4 5.4 10.6 9.4 9.3 57.5 4.4 19.4 18.0 12.8 42.4 6.5 20.3 27.6 12.8 34.0 * 20,6 44.2 10.8 24.5 * 16.3 22.3 * 35.S * 34.7 OTHEB BANKS 5 / $1 , 0 5 5 , 5 2 9 AMOUNT OF LOANS (THOUSANDS) 68,664 NUMBEB OF LOANS 7.5 WEIGHTED AVERAGE HATOBITY (MONTHS) 3 / 1 $185,335 45,384 6.7 $205,203 13,807 7.2 $173,430 5,289 5.7 $170,766 2,448 6.9 $237,800 1,538 11.2 $82,996 196 4.2 15.08 .16 14.30-15.97 14.98 .16 14.32-15.87 15. 15 .29 1 4 . 0 0 - 1 6 . 10 15.48 .24 14.84-16.10 15.68 .32 14.39-16.64 15.05 .81 13.00-15.56 15.07 15.18 15.15 15.02 14.88 15.08 16.00 15.11 14.81 13.62 14.86 15.12 15.61 15.26 15.45 15.83 15.96 9.4 15.9 7.9 12.2 11.3 18.1 9.3 15.0 9.4 9.4 8.5 13.7 11.3 39.8 26.1 6.2 42.2 11.3 14.3 13.8 10.7 39.6 24.8 11.0 21.8 7.9 42.0 19.4 8.9 31.9 * 48.5 12.2 * 41.4 * 27.4 * * 22.4 * 40.9 * * * * * * * SIZES ALL B A N K S AMOONT Of L O A N S ( T H O U S A N D S ) NUMBER C P LOANS W 5 I G H T E D AVERAGE M A T U R I T Y (MONTHS) WEIGHTED AVERAGE I N T E R E S T R A T E (T) 2 / STANDARD ERROR 3 / 14. I N T E R Q U A R T I L E RANGE 4 / BY P U R P O S E O F L O A N : FEEDER LIVESTOCK OTHER L I V E S T O C K OTHER CURRENT O P E R A T I N G E X P E N S E S FARM M A C H I N E R Y AWD E Q U I I H E N T OTHER PERCENTAGE OP AMOUNT o r LOANS; WITH FLOATING BATE MADE UNpEB COMMITMENT BY POBPCSE CF LOAN: FEEDER LIVESTOCK CTHBR LIVESTOCK OTBEB CURRENT OPEB1TIHG EIPBISES FARM MACHINERY AID EQUIPMENT CTHEB LABGE BANKS % / PERCENTAGE OF AMOUNT OF LOANS: WITH FLOATING BATE MADE ON DEB COMMITMENT BY POBPOSB OF LOAN: FEEDER LIVESTOCK OTHEB LIVESTOCK OTHEB CUBBENT OPEBATING EXPENSES FABM MACHINEBY AMD EQUIPMENT OTHEB 15.27 2/ .15 STANDABC EBBOB 3 / 14. 4 9 - 1 6 . 1 0 INTERQOABTILE BANGE &/ BY POBPCSE CF LOIR: 15.19 FEEDEB LIVESTOCK 15.38 OTBBB LIVESTOCK 15.38 OTHER CURRENT OPERATING EX PEN: SS 15.09 FIBH HACHXIEBY AID EQUIPMENT 15.20 OTHEB PBBCBMTAGE OF AMOUNT OF LOANS: WITH FLOATING BATE MADE UNDER COMMITMENT BY POBPOSB OF LOAN: FEEDEB LIVESTOCK OTHER LIVESTOCK OTHEB CURRENT OPEBATING EXPENSES FARM MACHINERY AID EQUIPMENT OTHER 15.21 NOTE: THE SURVEY OF TEBHS OF BANK LENDING TO FARHEBS COVEBS ABOUT .250 BANKS SELECTED TO REPRESENT ALL SIZES OF BANKS. THE SAMPLE DATA ARE COLLECTED OVBB ONE BUSINESS WEEK AMD USED TO ESTIMATE LENDING TERMS AT ALL INSURED COMMERCIAL BANKS. LOANS SBCUBED BY REAL ESTATE, PURCHASED LOANS, FOREIGN LOANS, AND LOANS OF LESS THAN $ 1 , 0 0 0 ARB EXCLUDED FROM THE SURVEY. 1/ THE WEIGHTED AVERAGE MATURITY I S CALCULATED ONLY FOR LOANS WITH A STATED DATE OF MATURITY (THAT I S , LOANS PAYABLE ON DEMAND ARB EXCLUDED) . IN COMPUTING THE AVERAGE, EACH LOAN I S WEIGHTED BY ITS DOLLAR AMOUNT. 2/ THE APPROXIMATE COMPOUNDED ANNUAL INTEREST BATE ON EACH LOAN I S CALCULATED FROM SURVEY DATA ON THE STATED RATE AND OTHER TEBHS OF THE LOAN; THEN, IN COMPUTING THE AVEBAGE OF THESE APPROXIMATE EFFECTIVE BATES, EACH LOAN I S WEIGHTED BY ITS DOLLAR AMOUNT. 3/ THE CHANCES ARE ABOUT 2 OUT OF 3 THAT THE AVERAGE BATE SHOWN WOULD DIFFER BY LESS THAN THIS AMOUNT FBOM THE AVERAGE RATE THAT WOULD BE FOUND BY A COMPLETE SUBVEY OF LEBDXVG AT ALL BANKS. 4/ THE INTERQUARTILE RANGE SHOWS THE INTEREST RATE RANGE THAT ENCOMPASSES THE MIDDLE FIFTY PERCENT OF THE TOTAL DOLLAR M O O T OF LOIRS RIDS. 5/ MOST "LARGE BA1*S" (SURVEY STRATA 1 TO 3) HAD OVER $400 MILLION IN TOTAL ASSETS AS OF 3 / 3 1 / 8 0 ; THE SMALLEST BANK SURVEYED IB THIS GROUP BAD TOTAL ASSETS OF $39$ MIL1I01. HOST "OTHER BANKS" (SURVEY STRATA 4 TO 6) MAD TOTAL ASSETS BBLOV $ 4 0 0 MILLION: THE LARGEST BANK SURVEYED IN TBIS GROUP HAD TOTAL ASSETS OF $432 MILLION. • FEWER THAN 10 SAMPLE LOANS. *
