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FEDERAL RESERVE statistical release
5HOFT-TERM COMMERCIAL AND INDUSTRIAL LOANS
TABLE 1
For immediate release
SURVEY OP TERMS OF BARK LENDING
July I, 1982
(OTHER THAN CONSTRUCTION AND LAND DEVELOPMENT) HADE DURING 8AI 3 - 8, 1982
SIZE CLASS OF LOAN (IN THOUSANDS)
$1,000
ALL
SIZES
ALL BANKS
AMOUNT OF LOANS (THOUSANDS)
$36,600,259
NUMBER OF LOINS
161,197
WEIGHTED AVERAGE MATURITY (MONTHS) 1/
1.2
WEIGHTED AVERAGE INTEREST 8ATB
STANDARD ERROR \ /
INTERQUARTILE RANGE 4 /
PERCENTAGE OF AMOUNT OF LOANS;
WITH FLOATING RATE
MADE UNDBE COMMITMENT
WITH NO STATED MATURITY
$885,940
115,667
3.4
$501,046
14,935
3.8
$707,807
11,137
3.4
$2,349,121
13,022
3.6
*1,198,6*1
1,848
2.4
17.11
.10
16.58-17.51
18.51
.19
17.42-19.51
18.56
.25
17.55-19.25
>8.06
.12
17.62-18.50
17.77
*14
17.00-18.67
17.98
.24
17.00-18.97
16.57-17.30
29.8
51.7
10.4
39.2
36.2
12.8
48.4
40.3
14.8
44. 8
49.3
24.9
52.3
63.7
19.9
50.8
51-2
24.0
26.3
51.5
13.4
$81,157
2,459
4.1
$134,377
4.2
$563,800
2,853
3.4
$394,013
622
3.0
$27,204,343
3,377
18.61
.03
17.74-19.50
18.32
.08
17.55-19.11
17.91
.06
17.06-18.68
17.70
.07
16.75-18.37
16.92
.05
16.58-17.27
74.0
59.3
79.3
63.0
26.2
81.5
67.1
32.7
76.0
64.0
35.5
24.7
49.3
$815,522
108,617
3. 4
$419,890
12,476
3.8
$573,430
9,015
3.2
$1,785,321
10,169
3.7
$804,629
1,226
2.1
$3,753,360
.18
18.00
.08
17.62-18.27
17.73
.13
16.95-18.54
18. 12
17.42-19.50
18.55
.25
17.50-19.25
36.8
34. 8
12. 4
43.4
36. 7
13.4
36.8
46. 1
24.5
(*) g /
48 LARGE BANKS
AMOUNT OF LOANS (THOUSAND?)
$28,448,107
M0OTBP OF LOANS
18,481
WEIGHTED AVERAGE MATURITY (MONTHS) 1/
.9
WEIGHTED AVERAGE INTEREST RATE {%) 2/
16.97
STANDARD ERROR 2 /
.05
INTERQUARTILE RANGE 4 /
16.58-17.30
PERCENTAGE CF AMOUNT OF LOANS:
WITH FLOATING RATE
HADE UNDER COMMITMENT
frlTH NO STATED MATURITY
27.1
49.9
13.0
01925 BASKS
AMOUNT OF LOANS (THOUSANDS)
$8,152,153
NUMBER OF LOANS
142,715
WEIGHTED AVERAGE MATURITY (MONTHS) 1/
2.4
WEIGHTED AVERAGE INTEREST R A T E (<) £ /
17.58
STANDARD ERROR j&/
.07
INTERQUARTILE R A N G # 4 /
16.72-18.27
PERCENTAGE OF AMOUNT OF LOANS:
WITH FLOATING RATE
MADE UNDER COMMITMENT
BITE NO STATED MATURITY
AND OVER
39.1
58.0
19.3
$70,417
7,049
4. 1
18.86
.02
18.00-19.82
67.5
52.6
17.9
22.0
2,122
43. 1
62.7
15.9
$30,957,703
4,588
16.94
.08
12. 1
1,212
1.4
17.03
16.50-17.53
38.4
44.9
18.4
37.8
67.8
22.5
NOTE: THE SURVEY OF TERMS OF BANK LENDING IS TAKES OF ABOUT 340 BANKS SELECTED TO REPRESENT ALL SIZES OF BANKS. THE SAMPLE
DATA ARE COLLECTED OVER ONE BUSINESS WEEK AND USED TO ESTIMATE LENDIMG TERMS AT ALL INSURED COMMERCIAL BANKS. SHORT
TERM LOANS HAVE ORIGINAL MATURITIES OF LESS 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 REAL ESTATE. THUS, SOME
OF THE CONSTRUCTION AND LAND DEVELOPMENT LOANS WOULD BE REPORTED ON THE STATEMENT OF CONDITION A3 REAL ESTATE LOANS
AND THE REMAINDER AS BUSINESS LOANS. AS OF
9/30/81, AVERAGE DOMESTIC ASSETS OF 48 LARGE BANKS WERE $ 12. 1 BILLION
AND ASSETS OF THE SMALLEST OF THESE BANKS WERE $ 2.3 BILLION. FOR ALL INSURED BANKS, TOTAL DOMESTIC ASSETS
AVERAGED $111.0MILLION.
1/
AVERAGE MATURITIES ARB WEIGHTED BY LOAN VOLUMES EXCLUSIVE OF LOANS WI'IH NO STATED MATURITY
2/
THE APPROXIMATE COMPOUNDED ANNUAL INTEREST RATE ON EACH LOAN IS CALCULATED FROM SURVEY DATA ON THE STATED RATE AND
OTHER T E R M S OF THE LOAN; THEN, IN COMPUTING THE AVERAGE OF THESE APPROXIMATE EFFECTIVE RATES, EACH LOAN IS
WEIGHTED B Y ITS DOLLAR AMOUNT.
3/
T H E CHANCES ARB ABOUT 2 OUT OF 3 THAT THE AVERAGE RATE SHOWN WOULD DIFFER BY LESS THAN THIS AMOUNT FROM THE AVERAGE
RATE THAT WOULD BB FOUND BY A COMPLETE SURVEY O F LENDING AT ALL BANKS.
4/
THE INTERQUARTILE RANGE SHOWS THB INTEREST RATE RANGE THAT ENCOMPASSES THE MIDDLE FIFTY PERCENT OF THE TOTAL DOLLAR
A M O U N T OF LOANS MADE.
.06
.23
17.00-18.97
(DEMAND LOANS).
LONG-TERM COMMERCIAL AND INDUSTRIAL LOASS
TABLE 2
SU5V5Y OP T5R.1S OP BANK LENDING
(OTHES THAN CONSTRUCTION AND LAND DEVELOPMENT) HADE DURING MAY 3- 8, 1982
SIZE CLASS OF LOAN
AIL
SIZES
ALL BANKS
AMOUNT OP LOANS (THOUS&KDS)
$3,705,382
SOMBER OF LOANS
20,575
WEIGHTED AVERAGE MATURITY (MONTHS) 1/
49.8
WEIGHTED AVERAGE INTEREST RATE (%) 2/
16.96
STANDARD ERROR 3/
.37
INTERQUARTILE RANGE 4 /
16.50-17.51
$253,640
18,222
29.9
18.80
(IN THOUSANDS)
$1,000
$100-499
500-999
AND OVER
$410,817
1,547
50.1
$164,045
244
43.3
$2,876,880
562
51.8
17.59
17.29
.44
16.50-18.00
16.69
.27
16.00-17.32
.28
.58
17.79-19.56
17.50-17.81
71.7
72.1
36.6
28.9
45.9
36.2
83.5
82.8
77.7
80.4
48 LARGE BANKS
AMOUNT OF LOANS (THOUSANDS)
$2,651,892
NUMBER OF LOANS
2,430
BEIGHTED AVERAGE MATURITY {MONTHS) 1/
53.7
$35,173
1,488
37.1
$89,447
419
36.7
$96,394
144
45.4
$2,430,878
378
54.9
8SIGHTED AVERAGE INTEREST RATE (I) g/
16.70
STANDARD ERROR j /
.03
INTERQUARTILE RANGE & /
16.00-17.25
.07
17.50-19.50
18.62
17.40
.19
16.50-18.25
17.13
16.50-17.59
16.63
.03
15.98-17.25
PERCENTAGE OF AMOUNT OF LOANS:
WITH FLOATING RATE
MADE UNDER COMMITMENT
PERCENTAGE OF AMOUNT OF LOANS:
WITH FLOATING RATE
MADE UNDER COMMITMENT
.06
79.3
80.3
75.6
57.9
88.6
76.0
84.8
90.4
78.8
80.4
OTHER BANKS
$1,053,490
AMOUNT OF LOANS (THOUSANDS)
18,145
NUMBER OF LOANS
39.8
WEIGHTED AVERAGE MATURITY (MONTHS) 1/
$218,467
16,733
28.7
$321,370
1,128
53.8
$67,651
100
40.4
$446,002
184
35.1
WEIGHTED AVERAGE INTEREST RATE (X) 2 /
17.62
STANDARD ERROR 1 /
.36
INTERQUARTILE RANGE 4 /
16.50-18.39
18.83
.57
17.75-19.57
17.64
17.50-17. 50
17.50
.43
16.50-18.69
16.42-17.75
32-6
24.2
34.0
25.1
81.7
72.0
80.2
PERCENTAGE OF AMOUNT OF LOANS:
WITH FLOATING RATE
MADE UNDER COMMITMENT
52.8
51.3
.20
17.04
.26
71.8
NOTE: THE SURVEY OP TERMS OF BANK LENDING IS TAKEN Of ABOUT 340 BANKS SELECTED TO REPRESENT ALL SIZES OF BASIS. THE SAMPLE
DATA ARE COLLECTED OVER ONE BUSINESS WEEK AND USED TO ESTIMATE LENDING TERMS AT ALL INSURED COMMERCIAL BANKS. SHORT
TERM LOANS HAVE ORIGINAL MATURITIES OF LESS 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 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 9/30/81, AVERAGE DOMESTIC ASSETS OF 48 LARGE BANKS WERE $12.1 BILLION
AND ASSETS OF THE SMALLEST OF THESE BANKS WERE $ 2.3 BILLION. FOR ALL INSURED BANKS, TOTAL DOMESTIC ASSETS
AVERAGED $ Hl-QlILLION.
1/
AVERAGE MATURITIES ARB WEIGHTED BY LOAN VOLUMES.
1/
THE APPROXIMATE COMPOUNDED ANNUAL INTEREST RATE ON EACH LOAN IS CALCULATED FROM SURVEY DATA ON THE STATED RATE AND
OTHER TERMS OF THE LOAN; THEN, IN COMPUTING THE AVERAGE OF THESE APPROXIMATE EFFECTIVE RATES, EACH LOAN IS
WEIGHTED BY ITS DOLLAR AMOUNT.
3/
THE CHANCES ARB ABOUT 2 OUT OF 3 THAT THE AVERAGE SATS 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.
4/
THE INTERQUARTILE RANGE SHOWS THE INTEREST RATE RANGE THAT ENCOMPASSES THE MIDDLE FIFTY PERCENT OF THE TOTAL DOLLAR
AMOUNT OF LOANS MADE.
C O N S T R U C T I O N AND LAND DEVELOPMENT LOANS
TABLE 3
SURVEY OP TERMS OF BANK LENDING
(SECURED AND UNSECURED BY REAL ESTATE) BADE DURING MAY 3 5IZE C L A S S OF LOAN
ALL
SIZES
ALL B A S K S
A M O U N T O F L O A N S (THOUSANDS)
$1,921,308
31,454
NUMBER OP L O A N S
WEIGHTED A V E R A G E MATURITY (MONTHS) y
ii.i
WEIGHTED A V E R A G E I N T E R E S T B A T E
S T A N D A R D ERROR 3/
INTERQUARTILE RANGE 4/
P E R C E N T A G E OF A M O U N T OF L O A N S :
WITH F L O A T I N G RATE
S E C U R E D BY SEAL ESTATE
M A D E UNDER C O M M I T M E N T
MADE FOR CONSTRUCTION
1-4 F A M I L Y
HULTIFAMILY
NONRESIDENTIAL
IITH HO STATED MATURITY
(%) 2 /
17.80
.37
16.07-19.10
28.8
85.0
32.9
100.0
(IN THOUSANDS)
$500
AND OVER
$1-2*
$25-49
$182,396
18,881
7.2
$228,405
6,446
12.3
$166,690
2,273
8.3
$427,520
3,050
14.1
$916,297
80S
19.13
.36
18.54-20.15
.64
17.00-19.82
18.81
17.97
.38
16.72-19.25
18.45
18.13-19.59
' 16.96
.67
e
16.07^1 7.88
22.5
47.1
65.6
19.3
20.7
97.9
18.4
29.6
37.7
74. 1
55.5
100.0
82.1
1.00
80.6
100.0
54.0
40.8
4.9
54.3
2.7
100.0
2.7
71.3
1.4
21.9
7.1
71.0
•0
$33,425
154
14.5
26.0
48 L A R G E B A R K S
A M O U N T OF L O A N S (THOUSANDS)
$332,308
NUMBER OF L O A N S
721
W E I G H T E D A V E R A G E MATURITY (MONTHS) 1/
5.3
$2,964
285
$4,054
116
10.2
$6,573
91
13.9
18.96
18.05
.37
18.00-19.51
18.40
.14
17.55-19.36
.17
17.75-19.32
82.5
90.9
86.4
95.0
85.7
89.7
90.9
90.9
P E R C E N T A G E O F A M O U N T OF LOANS:
WITH FLOATIWG R A T E
S E C U R E D BT REAL ESTATE
M A D E UNDER C O M M I T M E N T
M A D E FOB C O N S T R U C T I O N
1-4 FAMILY
RULTIFAHILY
NONRESIDENTIAL
WITH NO S T A T E D MATURITY
69.3
51.3
72.7
100.0
55.1
3.6
41.1
.3
.06
18.39-19.56
84.8
96.3
84.1
100.0
46.5
11.1
42.3
3.3
82.8
100.0
40.0
3.2
56.8
1.9
WEIGHTED A V E R A G E INTEREST R A T E (X) 2 /
18.22
S T A R D A B S ERROR 3 /
.21
INTERQUARTILE RANGE 4/
17.88-18.81
29.0
100.0
30.0
4.8
65.2
.9
6.6
10.6
1.1
44.9
1.1
82.2
100.0
100.0
33.6
7.0
59.4
8.1
34.0
13.8
52.2
2.6
18.22
100.0
26.6
8.6
64.8
1.3
. .3
*205,292
18.21
.24
17.88-18.50
66.1
4*. 6
70.0
100.0
59.3
2.9
37.8
.0
OTHER B A N K S
A M O U N T OF L O A N S (THOUSANDS)
$1,588,999
NUMBER OF L O A N S
30,733
W E I G H T E D A V E R A G E MATURITY (MONTHS) 1/
12.3
$179,432
18,595
7.2
$224,351
6,330
12.3
$160,117
2,182
8.1
$394,095
2,896
14.1
$631,005
730
13.6
W E I G H T E D A V E R A G E I N T E R E S T R A T E (%) % /
17.72
S T A N D A R D ERROR £ /
.30
INTERQUARTILE RANGE 4/
16.07-19.25
19.13
.35
18.54-20.15
18.83
.51
17.00-19.82
17.95
.35
16.72-19.25
18.47
.98
18.50-20.15
16.39
.62
16.07-16.07
36.9
73.7
55.0
100.0
39.9
3.1
57.1
1.9
21.4
81.9
65.3
100.0
54.3
1.0
44.7
1.0
45.4
80.0
16.6
100.0
41,1
4.5
54.4
2.7
14.8
98.5
12.2
100.0
25.9
2.2
71.9
1.4
12.2
100.0
11.3
100.0
5.0
9.0
86.0
.0
P E R C E N T A G E OF A M O U N T OF L O A N S :
WITH F L O A T I N G R A T E
S E C U R E D BY REAL ESTATE
M A D E UNDER C O M M I T M E N T
M A D E FOR CONSTRUCTION
1-4 FAMILY
RULTIFAHILY
NONRESIDENTIAL
WITH NO STATED MATURITY
20.3
92.1
24.6
100.0
24.7
5.0
70.2
1.0
NOTE: T H E SURVEY OF TERMS OF BANK LENDING IS TAKEN OF ABOUT 340 BANKS SELECTED TO REPRESENT ALL SIZES OF BANKS. THE S A M P L E
DATA ARE COLLECTED OVER ONE BUSINESS WEEK AND USED TO ESTIMATE LENDING TERMS AT ALL INSURED C O M M E R C I A L BANKS. SHORT
TERM L O A N S H A V E O S I G I N A L MATURITIES OF LESS T H A N ONE YEAR, A N D LONG TERM L O A N S HAVE MATURITIES OF ONE YEAR OR MORE.
C O N S T R U C T I O N AND LAND DEVELOPMENT LOANS INCLUDE BOTH UNSECURED AND LOANS SECURED BY REAL ESTATE. THUS, S O M E
OF THE CONSTRUCTION AND L A N D DEVELOPMENT LOANS WOULD BE REPORTED ON THE STATEMENT OF CONDITION AS REAL ESTATE LOANS
A N D THE REMAINDER AS BUSINESS LOANS. AS OF
9/30/81, A V E R A G E DOMESTIC ASSETS O F 48 LARGE BANKS SERB $ 12.1 BILLION
A N D ASSETS OF T H E SMALLEST OF THESE BANKS WERE $ 2 3 BILLION. FOR ALL INSURED BANKS, TOTAL DOMESTIC ASSETS
A V E R A G E D * l1 1 -^MILLION.
1/
A V E R A G E M A T U R I T I E S ARB WEIGHTED BY LOAN V O L U M E S EXCLUSIVE OF LOANS WITH NO STATED MATURITY
2/
T H E A P P R O X I M A T E C O M P O U N D E D ANNUAL I N T E R E S T R A T E OH EACH LOAN IS C A L C U L A T E D FROM SURVEY DATA ON THE STATED RATE AND
OTHER T E R M S OF T H E LOAN; THEN, IN C O M P U T I N G T H E A V E R A G E OF THESE APPROXIMATE EFFECTIVE RATES, EACH LOAN IS
W E I G H T E D BY ITS DOLLAR A M O U N T .
3/
T H E C H A N C E S ARB ABOUT 2 O U T OF 3 T H A T THE A V E R A G E R A T E SHOWN WOULD DIFFER BY LESS THAN THIS AMOUNT FROM THE A V E R A G E
R A T E THAT WOULD BE FOUND BY A C O M P L E T E S U R V E Y O F LENDING AT ALL BANKS.
4/
T H E I N T E R Q U A R T I L E R A N G E SHOWS THE I N T E R E S T R A T E R A N G E THAT ENCOMPASSES THE MIDDLE FIFTY PERCENT OF THE TOTAL DOLLAR
AMOUNT OF LOAMS MADE.
(DEMAND LOANS).
TABLE 4
SURVEY OF TBS IS OF BANK LESBli
LOANS TO FARMERS flADB 3UBIN6 SIT 3-1
SIZE CLASS vF LOAN (IN THOUSANDS)
SIZES
ALL BASKS
AMOUNT OF LOAMS (THOUSANDS)
n , ,224,054
NUMBER OF LOANS
70,983
WEIGHTED AVERAGE MATURITY (MONTHS) 1/
1/
7.6
$1-9
$10-24
$25-49
$50-99
$100-249
AND Of£2
$172,901
46,365
6.6
$214,006
15,091
6.4
$167,333
4,919
7.6
$190,019
2,781
5.3
$193,183
1,363
9.3
$286,611
465
9-4
17.63
.29
17.00-18.39
17.59
.23
17.18-18.27
17.59
.13
17.06-18.13
18.01
.26
17.25-18.68
17.76
.35
17.17-18.27
17.91
.57
17.25-18.77
17.89
17.75
17.46
18.14
18.21
17.73
17.57
17.61
17.31
17.70
17.69
17.34
17.57
17.30
17.68
18.56
17.42
17.83
17-84
17.97
17.65
17.95
17.76
17.85
17.98
38.1
42.7
25.8
23.5
23.5
29.4
28.6
33.0
26.8
39.2
42-2
66.6
15.0
5.7
7.8
6.5
9.2
57. 1
12.7
13.0
18.1
6.8
15.9
7.6
39.2
10.7
4.9
42.9
27.5
17.76
1/
STAN OASD ERROR 1/
.22
INTERQUARTILE RANGE 4/
17.118-18.39
BY PUFPOSE OF LOAN:
FEEDER L C VEStOCK
17.81
17.51
OJHER LIVESTOCK
17.66
OTHER CURRENT OPERATING EXPEN !S
FARM MACHINERY AND EQUIPMENT
18.19
OTHER
17.85
PERCENTAGE OF AMOUNT OF LOANS:
WITH FLOATING BATE
MADE UNDER COMMITMENT
BY # R P O S E OF LOAN:
m D B B LIVESTOCK
# # E R LIVESTOCK
0|PBB CURRENT OPERATING EXPENSES
FAfeM MACHINERY AND EQUIPMENT
OTHER
6.8
46.4
9.1
22.5
LARGE BANKS 5/
AMOUNT OF LOANS (THOUSANDS)
$356,390
NOMBft OF LOANS
4,951
H EI GOT ED AVERAGE MATURITY (MONTHS) \J
9.4
WEIGHTED^ AVERAGE INTEREST BATE (*) 1/
17.92
S T U D A B D BBBOB 1/
.14
INTSBOOARTILB BANGS 4/
17.25-18.59
BT #(iPOSE OF L O W :
FEEDER LIVESTOCK
17.66
OTHEB LIVESTOCK
17.49
OTHER CURRENT OPERATING EXPENSES
18.02
FABM MACHINERY AID EQUIPMENT
17.94
OTHER
18.07
68.6
9.4
8.3
$8,460
2,029
7. 1
18.30
.07
17.60-19.18
32.6
50.4
3.6
17.56
79.1
29.6
21.1
25.6
$16,578
1,135
7.0
$20,346
608
7.7
$32,198
486
7.0
$61,083
423
$217,726
270
18.12
18.02
17.80
.17
17.00-18.68
18.20
.16
17.82
.29
17.25-18.40
. 14
17.45-18.94
.08
17.47-18.68
10.6
8.0
17.50-18.77
18.46
17.71
18.34
18.05
18.27
18.25
18.17
18.08
17.44
18.28
17.82
17.80
18.40
74.1
77.7
67.2
69.2
70.6
75.7
74.6
79.4
72.7
82.9
87.5
90.0
21.8
6.7
41.0
1.7
28.8
8.3
4.6
59.1
3.5
24.5
4.7
5.7
58.1
3.3
7,5
14.4
5.8
54.4
17.6
27.2
52.6
32.8
28.1
51.6
7.1
27.0
OTHER BANKS 5/
AMOUNT OF LOAMS (THOUSANDS)
$867,665
NUMBER OF LOANS
66,032
WEIGHTED AVBRAGB MATURITY (MONTHS) \J
6.9
$164,441
44,336
$197,428
13,955
6.3
$146,987
4,311
7.6
$157,822
2,295
5.0
5132,100
940
9.8
17.60
17.55
.18
17.12-18.27
17.53
17.00-18.39
17.06-17.87
16.05
.19
17.30-18.68
17.56
.30
17.12-18.13
17.84
17.75
17.42
18.14
18.19
17.70
17.54
17.57
17.30
17.58
23.7
19.6
25.5
PERCENTAGE OF AMOUNT OF LOANS:
WITH FLOATING BATE
MADE UNDER COMMITMENT
BY PUBPOSE OF LOAN:
FSSDBB LIVESTOCK
OTHEB LIVESTOCK
OTHER CURRENT OPERATING EXPENSES
FABM MACHINERY AND EQUIPMENT
OTHER
WEIGHTED AVERAGE INTEREST BATE (%) j/
17.70
STANDABD BBBOB j/
.17
INTERQUARTILE RANGE 4/
17.18-18.27
BY PURPOSE OF LOAN:
FEEDER LIVESTOCK
17.92
OTHEB LIVESTOCK
17.52
OTHEB CURRENT OPEBATING EXPENSES
17.53
FABM MACHINERY AND EQUIPMENT
18.20
OTHER
17.72
PERCENTAGE OF AMOUNT OF LOANS:
WITH FLOATING BATS
MADE UNDBB COMMITMENT
BY PUB POSE OJF LOAN:
FEEDER LIVESTOCK
OTHER LIVESTOCK
OTHER CURBENT OPERATING EXPENSES
FARM MACHINERY AND EQUIPMENT
OTHER
23.4
28.3
12.2
6.8
48.6
12.2
19.9
6.6
.28
21.2
5.6
8.0
69.1
9.7
7.5
18.06
6.6
9.5
57.0
13.5
11.8
18.16
6.8
.10
26.7
21.6
18.33
17.90
17.54
18.24
18.11
18.16
17.99
8.0
17.4
22.8
19.5
16.2
50.2
36.1
2,: 3
25.6
16.8
20.0
1/
THE WEIGHTED AVERAGE MATURITY IS CALCULATED ONLY FOR LOANS WITH A STATED DATE OF MATURITY (TiLAT IS, LOAMS PAYABLE
ON DEMAND ARE EXCLUDED). IN COMPUTING THE AVERAGE, EACH LOAN IS WEIGHTED BY ITS DOLLAR AMOUNT.
1/
THE APPROXIMATE COMPOUNDED ANNUAL INTEREST BATE ON EACH LOAN IS CALCULATED FROM S06VBX DATA ON THE STATED RATE AND
OTHER TERMS OF THE LOAN; THEN, IN COMPUTING THE AVERAGE OF THESE APPROXIMATE EFFECTIVE RATES, EACH LOAN IS
WEIGHTED BY ITS DOLLAR AMOUNT.
1/
THE CHANCES ARE ABOUT 2 OUT OF 3 THAT THE AVEBAGE 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.
4/
THE INTERQUARTILE RANGE SHOWS THE INTEREST RATE RANGE THAT ENCOMPASSES THE MIDDLE FIFTY PERCENT Of THE TOTAL DOLLAR
AMOUNT OF LOANS MADE.
5/
HOST "LARGE BANKS* (SURVEY STRATA 1 TO 3) HAD OVER $500 MILLION II TOTAL ASSETS AS Of 9/30/81; I HE SMALLEST
BANK SURVEYED IN THIS GBOUP HAD TOTAL ASSETS Of $290 MILLION. HOST "OTHER BANKS" (SUSVEI STRATA 4 TO 6)
HAD TOTAL ASSETS BELOW $500 MILLION; THE LARGEST BANK SUBVEXED IN THIS GROUP HAD TOTAL ASSETS OF $1,336 MILLION.
71.1
73.8
32.3
NOTE: THE SURVEY OF TERMS OF BANK LENDING TO FARMERS COVEBS ABOUT 250 BANKS SELECTED TO REPRESENT ALL SIZES OP BANKS.
THE SAMPLE DATA ARB COLLECTED OVER ONE BUSINESS WEEK AND USED TO ESTIMATE LENDING TERMS AT ALL INSURED COMMERCIAL
BANKS. LOANS SECURED BY REAL ESTATE, PURCHASED LOANS, FOREIGN LOANS, AND LOANS OF LESS THAN $1,000 ABE EXCLUDED FROM
THE SURVEY.
PBREB THAN 10 SAMPLE LOANS.
17.47
18.07
@FedFRASER