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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 /

(%)

$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

70.1
58- 1

39.3
29.0

29.5
2 5.1

72.3
70.2

85.5
7 0. 3

$1,791,413,
3,932

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 /

(X)

OTHER BANKS
AMOUNT OF LCANS (THOUSARDS)
NUMBER OF LOANS
WEIGHTED AVERAGE MATURITY (MONTHS)
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 /
PERCENTAGE OF AMOUNT OP LOANS:
WITH FLOATING RATE
MADE UNDER COMMITMENT

(X)

14.95

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

86.8
77.3

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

1/

1990

AND OVER
$306,233
15,060
46.3

J/

8,

$1,000

ALL
SIZES
$3,152,110
17, 989
46.3

MADE DURING NOV 3 -

( I N THOUSANDS)

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 BANKS
AMOUNT OF LOANS (THOUSANDS)
NUMBER OF LCABS
WEIGHTED AVERAGE MATURITY (MONTHS)
WEIGHTED AVERAGE INTEBEST RATE (X)
STANDARD ERROR 3 /
INTERQUARTILE RANGE 4 /

ALL
SIZES

2

5

J
1
I
STANDARD ERROR 1/
IBTBBQOABTILB RANGE 4 /

(*>

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

1980

( I N THOUSANDS)
$500
AND OVER

$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

44.4
81.9
60.9
100.0
40.9
8.2
50.9
16.5

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/

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)

8,

$1-24

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)

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) 31 /

$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.




*