Full text of E.2 Survey of Terms of Business Lending : July 8, 1980

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FEDERAL RESERVE statistical release
For Immediate r e l e e s e
J u l y 8 , 1980
TABLE 1
SOBTBY Or TBB8S OP BANK LENDING
SHOBT-TBBH COBBSTdAL AMD IMDOSTBIAL LOAMS (OTHER THAI COMSTBOCTIOB AMD LAID DBTBLOPSBNT) HAD* DOMING HAT 5 - 1 0 ,
SIZE C U S S OF LOAM (IN TBOOSAMDS)

$1,000

ALL

sizes

AMD OTBF

ALL BANKS
A HOOMT OF LOANS (THOUSANDS)
<11,316,521
MOHBBR OF LOAMS
164,331
WEXCBTED ATSBAGE SATOBITI (BORTHS) ] /
2.8

*885,614
123,866
3.2

$518,102
15,129
4.0

$697,310
10,596
3.4

$2,159,297
11,950
2.7

$720,502
1,134
3.0

$6,335,696
1,656

MBIGHIBD ATEBAGE IMTEBEST BATE (X) %/
17.75
STAMOASD BBBOS 1 /
.39
IMTBRQCARTILE BAMGE 4 /
15.62-19.82

17.90
.53
15.12-20.23

18.78
.25
17.72-20.28

18.95
.57
17.50-20.99

18.49
-37
17.50-19.82

19.13
-29
18.50-20.39

17.10
.46
14.09-19.59

23.0

33.4
47.9
14.1

64.5

48.8
54.9

32.2

PERCENTAGE OF AHOOMT OF LOAMS:
WITH FLOAT!»G BATE
BADE 01DEB C0BHXTB8MT
S I T S MO STATED HATOBITY

U.1

2.6

43.8
50.3
19.0

26.0
13.9

33.2
34.7
10.7

4 8 LABGB BASES
A800MX OF LOAMS (TBOOSAMDS)
$5,068,870
MOBBBB OF LOAMS
14,063
WEIGHTED ATEBAGE HATOBITY (BOMTKS) j /
2.1

$62,503
6,479
4.0

$69,418
2,063
4.4

$107,799
1,685
4.0

$466,453
2,368
3.3

$334,970
536
3.2

$4,027,727
932

19.89

20.40
.14
19.50-21.49

20. 12
.11

19.29

16.14

18.97-21.19

19.72
.09
18.75-20.85

18.40-20.40

13.57-18.55

BSIGHTED ATEBAGE IMTEBEST BATE (X) 1 /
16.87
STANDARD BBBOB £ /
.26
INtBBflOABTXLB BAMGE | /
14.00-19.36
FEBCEMTAGI OF A800MT OF LOAMS:
MITE FLOATING BATE
BADE OMDBt C0881THEMT
MITH HO STATED EATOBITI

. 10

18.50-21.55

60.6

18.8

34.5

.08

1.8

.28

20.2

53.7
60.4

56.8
50.6
16.7

66.7
56.2

18.0

67.9
59.9
21.7

68.3
61.4
26.4

67.6
68.2
31.5

50.3
59.9
18.5

OTHE1 BASKS
AHOOMT OF LOAMS (THOUSANDS*
$6,247,652
MOHBEB OF LOAMS
150,268
WEIGHTED ATEBAGE HATOBITY (HOBTHS) J /
3.3

$823,111
117,388
3.2

$448,684
13,066
3.9

$589,511
8,912
3.2

$1,692,844
9,582

2.6

$385,532
598
2.9

$2,307,970
723
4.0

WEIGHTED ATEBAGE IMTEBEST BATE (*) 2/
18.46
STABDABD EBBOK 2 /
.28
INTEBQOARTILE BAMGE 1 /
17.50-19.82

17.74
.51
14.99-19.82

18.53
17.7 2 - 1 9 . 8 2

.20

18.74
.55
17.33-20.57

18.15
.35
17.31-19.41

18.99
.27
18. 5 0 - 2 0 . 2 2

17.75-19.82

20.5
24.2
13.7

28.1
31.3
9.6

39.8
46.4
34.1

23.8
44. 1

61.8

PEBCBMTAGE OF AHOOMT OF LOAMS:
MITH FLOAT IMG BATE
HADE DMDEB COMHXTHEMT
WITH MO STATED HATOBITY

35.8
42.2
18.0

10.7

18.77
.36

54.1
37.1

#6.2

46.1
19.3

MOTE: THE SOBTBY OF TEBBS OF BAMK LBBDIKG I S TAKBB OF A BOOT 340 BASKS SELECTED TO BBPBBSBBT ALL SIZES OF BANKS. THE SAMPLE
DATA ABB COLLECTED OTBB ONE BUSINESS WEEK AMD USED TO ESTIMATE LENDING TEBBS AT ALL INSOBBD COHHERCIAL BISKS. SHORT
TBB8 LOAMS HATE ORIGINAL HATOBITIES OF LBSS THAN ONE TBAB, AND LONG TEBH LOANS HATE HATOBITIES OF ONE TEAR OR HOBS.
COMSTBOCTIOB AND LAND DETBLOPHBNT LOANS INCLODE BOTH 0MSSCORED ASD LOANS SECURED BT SEAL ESTATE. THUS, SOHE
OF TBB COMSTBOCTIOB AMD LAMD DBTBLOPHBMT LOANS WOOLD BE REPORTED ON TBB STATEMENT OF CONDITION AS R5AI ESTATE LOANS
AMD TBB BBRAXIDES I S BOSINESS LOABS. AS OF 1 2 / 3 1 / 7 9 , ATEBAGE DOMESTIC ASSETS OF 48 LARGE BANKS WEBB 5 1 0 . 5 B I L I I O H
AND ASSETS OF TBE SMALLEST OF THESE BANKS HERB $ 2 . 1 BILLION. FOR ALL INSOBBD BANKS, TOTAL DOMESTIC ASSETS
ATZBAGED $ 9 7 HILIIOM.
J/

ATEBAGE HATOBITIES ABB MBIGHTED BT LOAN TOLOHBS EXCLUSIVE OF LOAMS WITH NO STATED HATOBITY (DEHAND LOABS).

2/

TBE APPBOEIHATE COHPOOMDBD AMMOAL IMTEBEST BATE OM EACH LOAM I S CALCULATED FROB SDBTET DATA ON THE STATED RATE AMD
OTBEB TEBHS OF TBB LOAM; THBM, IM COMPUTING THE ATEBAGE OF THESE APPBOXIHATB EFFECTETB RATES, EACH LOAM I S
WEIGHTED BY I T S DOLLAR AHOOMT.

3/

THE CHANCES ARE A BOOT 2 OOT OF 3 THAI THE ATEBAGE RATE SHOWN WOOLD DIFFER BT LESS THAI THIS AHOOMT FROB THE ATEBAGE
RATE THAT WOOLD BE FOOMD BY A COMPLETE SOBTEY OF LENDING AT A l l BANKS.

4/

THE X RTBRQOARTILB RANGE SHOES THE XNTEEEST BITS RANGE TEAT ENCOMPASSES THE MIDDLE FIFTY PEBCENT OF SHE TOTIL DOLLAR
AHOOMT OF LOAMS MADE.




TABIC 2
SUBTRY OF T B I t S OF BANK LENDING
LONG-TEBH COMMERCIAL 1ND INDOSTRIAL LOINS (OTHER SHAN CONSTRUCTION AND LAND DBVBLOPMBNT) HADE DOB IN G NAT 5 - 1 0 ,
SIZE CLASS OP LOAN (IN THOUSANDS)
ALL
SIZES

ALL BANKS
AMOUNT OP LOANS (THOUSANDS}
$1,339,749
NUMBER OP LOANS
15,243
WEIGHTED ATEBAG8 MATURITY (BONTRS) ] /
42.8

$171,216
13,992
33.9

8BIGHTID AVERAGE INTEREST RATE (%)
18.37
.39
STANDARD BBIOB 1 /
17.50-20.00
INTEBQUARTILE RANGE 4 /

.62
15.00-21.34

PBRCBNTAGB OP AHOONT OP LOANS:
8ITH FLOATING SATE
BADE UNDER COEHITBBNT

18. 26

$1,000

$100-499

$500-999

AND OVER

$181,1*5
845
44.6

$105,761
152
42.*

$881,627
254
44.2

18. 64
.38
17.75-20.50

18.62
.48
18.00-20.06

17.51-19.75

18.30
.67

74.0
71.1

30.1
29.4

76.7

68.6

69.4
71.8

82.5
79.7

4 8 LARGE BANKS
$829,595
AHOONT OP LOANS (THOUSANDS)
,964
BOBBBB OF LOANS
WEIGHTED AVERAGE MATORITI (MONTHS) 1 /

$27,420
1,316
35.9

$77,870
361
42.9

$66,442
99
43.2

$657,863
188
47.8

WEIGHTED AVERAGE INTEREST RATE (%) 1 /
18.55
STANDARD ERROR jg/
.06
INTERQOARTILE RANGE 4 /
17.75-19.75

19.74
.29
18.39- 22.17

18.79
.09
18.00-20.00

18.79

18.00-20.15

18.45
.07
17.70-19.50

85.0
74.7

62.2
53.0

85.0
83.5

73.1
79.2

87.2
74.2

OTHER BANKS
AHOONT OP LOANS (THOOSANDS)
$510,155
NOBSBR OP LOANS
13,279
8SIGHTED AVERAGE HATORITI (BONTHS) J /
36.7

$143,796
12,676
33.5

$103,275
483
45.9

$39,319
53
41.0

$223,764
66
33-8

8SIGHTED AVERAGE INTEREST RATE (*) 2 /
18.07
STANDARD ERROR 3 /
.38
I8TEBC0ABTILE RANGE 4 /
16.00-20.27

17.97
.55
15.00-21.34

18.52
.36
17.50-20.75

18. 33
.46
17.50-19.50

17.50-20.20

24.0
24.8

70.4
57.4

63.1
59.3

PERCENTAGE OP AHOONT OP LOANS:
• I T H FLOATING RATE
HADE ONDEB COHHITHBNT

PERCENTAGE OP AHOONT OP LOANS:
8ITH FLOATING RATE
BADE ONDEB COMMITMENT

56.0
65.3

. 10

17.87
.66

MOTE: THE SURVEY OP TERMS OP BASK LENDING I S TAKEN OF ABOOT 3 4 0 BASSE SELECTED TO REPRESENT ALL S I Z E S OF BANKS. THE SAMPLE
DATA ABB COLLECTED OVER ONE BUSINESS 8SEK AND OSED TO ESTIMATE LENDING TERMS At ALL INSURED COMMERCIAL BANKS. SHORT
TERM LOANS HAVE ORIGINAL MATURITIES OP LESS THAN ONE TEAR, AND LONG TEES LOANS HAVE . 1 A T 3 R I T I E S OP ONE YEAS OR MORE.
CONSTRUCTION AND LAND DEVELOPMENT LOANS INCLUDE BOTH UNSECURED AND L 0 4 S 5 SECURED BY REAL ESTATE. THOS, 5 0 3 2
OF THE CONSTRUCTION AND LAND DEVELOPMENT LOANS MOULD BE REPORTED ON I R E STATEMENT OP CONDITION AS REAL ESTATE LOANS
AND THE REMAINDER AS BUSINESS LOANS. AS OF 1 3 / 3 1 / 7 9 , AVERAGE DOMESTIC ASSETS OP * 8 LARGE BANKS 8ERE $ 1 0 . 5 3 I L L I O N
AND ASSETS OP THE SMALLEST OP THESE BANKS NBBB $ 2 . 1 B I L L I O N . FOB ALL INSURED BANKS, TOTAL DOMESTIC ASSETS

AVIRAGBD $ 97 MILLION.
1/

AVERAGE MATURITIES ARE 8SIGHTED BY LOAN VOLUMES."

2/

THE APPROXIMATE COMPOUNDED ANNUAL INTEREST RATE ON EACB LOAN I S CALCULATED PBOH SURVEY DATA ON THE STATED RATE AND
0T3BB TERMS OP THE LOAM; THEN, IN COMPUTING THE AVERAGE OP THESE APPROXIMATE EFFECTIVE RATES, EACH LOAN I S
WEIGHTED BT ITS DOLLAR AHOONT.

2/

THE CHANCES ABB A BOOT 2 OUT OF 3 THAT TEE ATKftAGB tiATBSHOVN WOULD DIPPER BY LESS THIN THIS AMOUNT PROM THE AVERAGE
BASS THAT WOULD BE POOVD BT A COMPLETE SORVBT OP LENDING AT ALL BANKS.

4/

THE INTERQUARTILE BfclGE SH08S THE INTEREST RATS RANGE THAT ENCOMPASSES THE MIDDLE PIPTY PERCENT OP THE TOTAL DOLLAR
ABCOIS OP LOANS BIDE.




1
*
'
" ! ' ••
TABLE 3
SUBVET OF TERMS OF BANK L B N D I S S
O B S T R U C T I O N 4 5 0 L A I D DEVELOPMENT LOANS (SECURED AND OHSECORED BY REAL ESTATE)

S I Z E CLASS OF LOAN
ALL
SIZES

BADE DOR IN G HAT 5 - 1 0 ,
( I N THOUSANDS)
$500
AND OVER

$1-24

$25-49

$50-99

$100-499

11,110,511
16,924
7.4

$91,724
8,317
3.7

$114,305
3,208
4.3

$199,312
2,904
7.3

$494,589
2,292

$210,581
203
9.5

WEIGHTED"AVERAGE I N T E R E S T RATE (%) Z > .
18.32
.90
STANDARD ERROR 2 /
INTERQUARTILE RANGE 4 /
17. 5 0 - 2 0 . 4 0

17.14
.67
14.75-19.56

15.68
1.19
13.10-18.00

18.69
.94
18.00-20.'48

19.56
1.05
20.00-20.32

16.99
1.00
13.00-19.66

71.0
94.4
45.1
100.0
35.5
5.5
58.9
11.9

23.2
82.0
74.3
100.0
77.0
1.9
21.1
11.0

35.8
96.9
64.4
100.0
86.0
3.3
10.7
10.0

48.3
97.9
39.7
100.0
70.9
4.4
24.7
7.2

92.4
97.5
25.9
100.0
8.7
5.5
85.8
7. 9

82.3
87.7
72.2
100.0
19.5
9.5
70.9
27.1

$137, 643

$7,761
846

$9,194
257
7.5

$11,786
167
7.9

$54,341

6.0

$54,561
64

8.4

10.0

18.78
.25
18.26-20.51

18.61
18.00-20.00

ALL BANKS
AMOUNT OF LOANS (THOUSANDS)
NUMBER &F LOANS
,
/
WEIGHTED AVERAGE MATURITY (MONTHS)

1/

PERCENTAGE OF AMOUNT OF LOANS:
WITH FLOATING RATE
SECURED M
REAL ESTATE
MADE UNDER COMMITMENT„
MADE FOR CONSTRUCTION
1 - 4 FAMILY
10LTIFAMILY
NONRESIDENTIAL
WITH NO STATED MATURITY
4 8 L1BGB BA1KS
&BOONT OF LOAMS (THOUSANDS)
NUMBER OF LOANS
9 2 J C H T B B AVERAGE MATURITY (MONTHS) 1 /
WEIGHTED AVERAGE I N T E R E S T RATE ( S )
STANDARD ERROR V
I N T E R Q U A R T I L E RANGES 4 /

18.01

19.19

.54
15.00-20.79

17.70-20.92

19.33
.43
18.92-21.18

92.3
89.6
85.3
100.0
25.5
14.7
59.8
11.7

90.6
55.6
56.0
100.0
67.1
11.5
21.4
42.3

98.9
89.1
80.5
100.0
59.5
16.3
24.2
12.0

89.8
95.9
87.5
100.0
44.3
16.9
38.8
4.9

88.8
91.2
89.3
100.0
21.0
14.8
64.2
8.2

95.5
91.6
85.9
100.0
14.2
14.4
71.4
12.4

$972,867
15,322
7.2

$83,963
7,470
3.6

$105,111
2,951
4.0

$187,525
2,737
7.3

$440,248
2,024
7.9

$156,020
139
9.2

18.26
.88
17.42-20.40

17.06
.39
14.75-19.41

15.38
1.17
13.10-17.81

18.65

19.65

17.72-20.40

20.00-20.32

1.01

16.43
.95
13.00-19.50

68.0
95.0
39.4
100.0
37.0
4.2
58.8
11.9

17.0
84.5
76.0
100.0
77.9
1.0
21.0
8.1

30.3
97.6
63.0
100.0
88.3
2.1
9.6
9.8

45.7
98.0
36.7
100.0
72.6
3.6
23.8
7.3

92.8
98.3
18. 1
100.0
7. 2
4.3
88. 5
7.8

77.7
86.4
67.4
100.0
21.4
7.8
70.8
32.3

OTHER BANKS
AMOUNT OF L O W S (THOUSANDS)
BOBBER OF LOANS
HEIGHTS!) AVERAGE MATURITY (MONTHS) £ /

PERCENTAGE O F ABOONT O F LOANS;
WITH FLOATING RATE
SECURED BT REAL ESTATE
HADE UNDER COBET THENT
MADE TOR CONSTRUCTION
1 - 4 FAMILY
HUITIPAHILY
NONRESIDENTIAL
WITH NO STATED MATURITY

268

18.74
.17
18.00-20.40

2/

PERCENTAGE O F AMOUNT OF LOANS:
WITH FLOATING BATE
SECURED BY REAL ESTATE
MADE UNDER COMMITMENT
HADE F O B CONSTRUCTION
1 - 4 FAMILY
HULTIFAHILY
NONRESIDENTIAL
WITH 4 0 STATED MATURITY

WEIGHTED AVERAGE INTBBEST BATE ( S )
STANDARD ERROR 1 /
I N T E R Q U A R T I L E RANGE & /

1,602

2/

.18

.82

.30

NOTE: THE SUAVBY O F TERMS OF BANK LENDING I S TAKEN OF ABOUT 3 4 0 BANKS SELECTED TO REPRESENT ALL S I Z E S OF BANKS. THE SAMPLE
DATA ARB COLLECTED OVER ONE B U S I N E S S SEEK AND USED TO ESTIMATE LENDING TERMS AT ALL INSURED COMMERCIAL BANKS. SHORT
TERM LOANS HAVE ORIGINAL MATURITIES OF L E S S THAN ONE YEAR, AND LONG TERM LOANS HAVE MATURITIES OF ONE
OR MORE.
CONSTRUCTION AND LAND DEVELOPMENT LOANS INCLUDE BOTH UNSECURED AND LOANS SECURED BY R I A L ESTATE. T H U S , SOME
OF THE CONSTRUCTION AND LAND DEVELOPMENT LOANS 10ULD BE REPORTED ON THE STATEMENT OF CONDITION AS SEAL ESTATE LOANS
AND T H E REMAINDER AS B U S I N E S S LOANS. AS OF 1 2 / 3 1 / 7 9 , AVERAGE DOMESTIC A S S E T S OF 4 8 LABGE 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 SERB $ 2 . 1 B I L L I O N . FOR ALL INSURED BANKS, TOTAL DOMESTIC ASSETS
AVERAGED $ 9 7
MILLION.
1/

AVERAGE MATURITIES ABB WEIGHTED BY LOAN VOLUMES EXCLUSIVE OF LOANS WITH NO STATED MATURITY

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 B COMPUTING THE AVERAGE OF THESE APPROXIMATE E F F E C T I V E R A T E S , BACH LOAN I S
NEIGHTM> B I I T S DOLLAR A 8 0 3 H T .

Y

THE CHANCES ARB ABOOT 2 OUT O F 3 THAT THE AVERAGE RATE SHOWN WOULD D I F F E R
RATE THAT WOULD BE FOUND BY A COMPLETE SURVEY O F LENDING AT ALL BANKS.

4/

THE INTERQUARTILE BANOR 5 0 0 ! I S THE I N T B N E S T RATE RANGE THAT ENCOMPASSES THE S I DDLS F I F T Y PEBCERT O F THE TOTAL DOLLAR
AMOUNT O F LOANS B A 0 8 .




(DEMAND L O A N S ) .

BT L E S S THAN T H I S AMOUNT FBOM THE AVERAGE

TABLE 4
SUBVET O F TERMS OF BANK L B W D I I 3
LOANS TO FARMERS MADE DUBING BAT 5 - 1 0 ,

1980

S I Z E C L A S S O F LOAN

( I N THOUSANDS)

$1-9

$10-24

$25-49

$50-99

$100-249

$250
AND OVER

$1 , 2 1 1 , 4 7 9
64,652
6.6

$163,850
44,177
6.4

$168,002
11,340
6.1

$168,990
5,257
7.0

$133,979
1,931
5.7

$241,236
1,600
5.2

$335,423
347
8.7

WEIGHTED AVERAGE I N T B B E S T RATE (*5) 1/
17.38
STANDARD 3BROR 3 /
.34
I N T E R Q U A R T I L E RANGE 4 /
16. 6 4 - 1 8 . 5 0
BY PURPOSE OF LOAN:
F3EDEB LIVESTOCK
17.67
OTHER LIVESTOCK
16.64
OTHBB CDRBBNT O P E R A T I N G E X P E N S E S
17.49
FARM HACHINEBT AND EQUIPMENT
16.44
OTBBB
17.15

16.46
.41
14.84-17.81

16.98
.51
15.75-18.67

1 7 . 10
.60
15.56-18.40

17.38
.59
16.54-18-68

17.40
.60
16.60-18.27

18.14
1.35
17.24-18.64

16.35
16.54
16.54
16.23
16.36

17.01
14.89
17.20
16.41
17.28

17. 63
16.62
17.45
16.64
15.31

17.74
17.37
18.48

17.56

17.93

17.27

18.61

15.35

17.36

18.02

26.8
31.2

7.1
23.5

20.9
29.0

25.4
21.7

9.1
27. 0

19.6
38.9

52.5
35.8

32.3
5.6
37.3
5.5
19.2

11.0
7.8
59.3
14.2
7.7

14.6
6.1
65.0
7.4
6.9

29.0
8.6
38.3
13.8
10.3

37.1
14.3
26.0

38.8

46.8

22.5

27.4

18.3

37*3

23.0

$271,142
3,556
8.0

$7,005
1,730
6.5

$12,283
827
5.7

$13,778
422
5.8

$18,191
275
5.5

$23,752
158
5.5

$196,133
144
8.9

WEIGHTED AVERAGE I N T B B E S T BATE ( S ) y
18.47
STANCABD BBBOB 3 /
.25
I N T E B Q U A B T I L E BANGS 4 /
17. 6 2 - 1 9 . 3 2
BT PDBPCSB OF L O A N :
FBBDBB L I V E S T O C K
20.18
17.17
OTHBB LIVESTOCK
OTHER CURRENT OPERATING E X P E N S E S
18,41
FARM MACHINBRT AND EQUIPMENT
16.65
18.03
OTHER

17.01
.38
14.75-19.23

17.51
.22
15.46-19.50

18.02
.23
16.21-19.85

18.71
.29
17.00-20.15

18.91
.43
17,30-20.57

18.54
.64
17.62-18.81

18.90
18.13
16.72
1 6 . 12
17.12

17.99
17.36
17.58
16.02
17.45

19.69

19.06
17.27.
18.86

20.22

20.56

17.92
17.86

19.33

80.0
63.1

38.7
59.9

43.9
63.0

53.1
70.0

53.1
69. 1

15.6
5.3
44.7
1.5
32.9

7.8
5.2
65.9
4.7
16.3

7.4
5.5
60.1
3.9
23.1

12.8

29.7
9.8
41.4

38.7

56.5
20.9

15.9

$940,337
61,096
6.1

$156,845
42,447
6.4

$155,718
10,513
6.1

$155,212
4,836
7.1

$115,787
1,656
5.7

$217,484
1,442
5.2

17.06
WEIGHTED AVERAGE I N T E R E S T RATE (%) i /
STANDARD BBBOB 1 /
.21
I N T B R Q 9 A R T I L B BANGS & /
16.08-18.11
BT PUBPCSB OF L O A N :
F E E D E B LIVESTOCK
17.37
OTHBB LIVESTOCK
16.49
OTHER COBBBUT OPERATING EXPENSES
17.15
FABH MACB1NBBT A I D EQUIPMENT
16.43
OTHBB
16.61

16.44
.13
14.84-17.72

16.94
.45
15.97-18.50

17.02
. 54
15.56-18.26

17.17
.50
7.31-18.50

17.24
.41
15. 8 7 - 1 7 . 7 4

16.27
16.50
16.53
16.24

16.97
14.71
17.17
16.42
17.23

17.38

5.6

19.1
26.3

23.0
17.4

2.2

14.5
33.8

ALL
SIZES
ALL BANKS
AMOUNT OF LOANS (THOUSANDS)
NUHBMT OF LOANS
WEIGHTED AVERAGE MATURITY (MONTHS)

1/

PERCENTAGE OF AMOUNT OF LOANS:
WITH FLOATING RATE
MADE UNDER COMMITMENT
3 1 PURPOSE OF LOAN:
FEEDER LIVESTOCK
OTHER LIVESTOCK
OTHER CURRENT OPEBATING E X P E N S E S
FABM HACHINEBT AND EQUIPMENT
OTHBB
LABGE BANKS 5 /
AMOUNT OF LOANS (THOUSANDS)
NUMBER OF LOANS
WEIGHTED AVERAGE MATUBITT (MONTHS) V

PERCENTAGE OF AMOUNT OF LOANS:
WITH FLOATING RATE
MADE UNDER COMMITMENT
BT PUBPCSB OF L O A N :
FEEDEB LIVESTOCK
OTHER L I V E S T O C K
OTHBB CURRENT O P E R A T I N G E X P E N S E S
FARM MACHINBRT AND EQUIPMENT
OTHER
OTHER BANKS 5 /
AMOUNT OF LOANS (THOUSANDS)
MUHSEB OF LOANS
WEIGHTED AVBBAGB MATUBITT (MONTHS)

i /

PBBCBBTAGB OF ABOUHT OF LOANS:
B I T H FLOATING BATE
HADE UNDEB COMMITMENT
BT POBPOSE OF LOAN:
FEEDEB LIVESTOCK
OTBBB L I V E S T O C K
OTHBB COBBENT OPEBATING E X P E N S E S
FABH HACHINEBT AND EQUIPMENT
OTHBB

16.28

11.5
21.9

21.8

37.2
5.6
35.2
6.7
15.3

11.1

15.2

7.9
59.0
14.7
7.3

65.4
7.7
5.7

6.1

18.69

18.56

,

*

18.02

66.0
85.6

89.8
59.5

.*

•

.

36.7
*

.

16.66

20. 4
38.3

36.7
14.6

23.6

N O T E : THE SOBVET OF T B B 8 S O F BANK LENDING TO FARMERS COVERS ABOOT 2 5 0 BANKS S E L E C T E D TO BEPBESENT ALL S I Z E S OF BANKS.
THE SAMPLE DATA ABB COLLECTED OVBB ONE B U S I N E S S NBBK AND USED TO ESTIMATE LENDING TERMS AT ALL I N S U R E D COMMERCIAL
B A N K S . LOANS SECURED BT BEAL E S T A T E , PURCHASED LOANS, FOBEIGN LOANS, AND LOANS OF LESS THAN $ 1 , 0 0 0 ABB EXCLUDED FROM
THE SURVEY.
X/

THE BEXGBTED AVERAGE MATURITY I S CALCULATED OMLF FOB LOANS B I T H A STATED DATE O F MATOBITT (THAT I S ^ LOANS PAYABLE
OB DEMAND ABB E X C L U D E D ) . I N CONFUTING TEE AVERAGE, BACH LOAN I S WEIGHTED BT I T S DOLLAB AMOUNT.

2/

THE A P P B O X I B A T B COMPOUNDED ANNUAL I N T B B E S T BATE ON BACB LOAN I S CALCULATED FROM SUBVET DATA ON THE STATED BATE AND
OTHBB TBBBS O F THE LOAN; T H E N , I N COBPUTIBG THE AVERAGE OF THESE APPBOXIBATB E F F E C T I V E B A T E S , BACH LOAN I S
WEIGHTED BT I T S DOLLAR AMOUNT.

3/

T B B CHANCES ARE ABOUT 2 OUT O F 3 THAT THE AVBBAGB BATE SHORN MOULD D I F F E B BT L E S S TTISN T H I S AMOUNT FBOB THE AVBBAGB
BATE THAT NOULD BE FOUND BT A COMPLETE SUBVET OF LENDING AT ALL BANKS.

4/

T B E I N T E R Q U A R T I L E RANGE SHOWS THE I N T E R E S T RATE RANGE THAT ENCOMPASSES THE MIDDLE F I F T T
AMOUNT OF LOANS MADE.

5/

MOST "LARGE BANKS* (SUBVET STBATA 1 TO 3 ) BAD OVBB $ 4 0 0 M I L L I O N I N TOTAL A S S E T S AS OF
9 / 3 0 / 7 8 ; THE SMALLEST
BANK SURVETBD I N T H I S GROUP HAD TOTAL A S S E T S O F $ 3 9 5 M I L L I O N . MOST "OTHER BANKS" (SURVBT STRATA 4 T O 6 )
HAD TOTAL A S S E T S BBLOW $ 4 0 0 B I L L I O N ; THE LARGEST BANK SUBVBTBD I N T H I S GBOUP BAD TOTAL A S S E T S O F $ 4 0 0 M I L L I O N .

* FENEB THAN 1 0 SAMPLE



LOANS.

12.4
43.4

PERCENT OF THE TOTAL DOLLAR

39.3