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FEDERAL RESERVE statistioffifefeftfr [[[[ FOR IMMEDIATE RELEASE JUNE 14, 1988 E.2 SURVEY OF TERMS OF BANK LENDING MADE DURING MAY 2-6, 1988 TABLE 1 COMMERCIAL AND INDUSTRIAL LOANS (OTHER THAN CONSTRUCTION AND LAND DEVELOPMENT) MADE BY ALL COMMERCIAL BANKS T I LOAN CHARACTERISTICS AMOUNT OF LOANS ($1,000) . I I AVERAGE |WEIGHTED| WEIGHTEDI SIZE I AVERAGE I AVERAGE |STANDARD ($1*000)|MATURITY|EFFECTIVE| ERROR | 2/J 3/| 4/ 1/ PERCENTAGE OF AMOUNT OF LOANS MADE UNDER« , LOAN RATE (PERCENT) MOST ICOMMC BASE PRICI I COMMITMENT I PARTICIPATION RATE 6/ INTERQUARTILE RANGE 5/ "BAYS" ' 1. ALL C 8 I LOANS OVERNIGHT 7/ 16,739,077 7,170 7,188,787 5,289,163 1,899,624 640 831 390 OVER ONE MONTH AND UNDER A YEAR -FIXED RATE -FLOATING RATE 10,467,269 4,314,611 6,152,658 146 126 166 DEMAND 8/ -FIXED RATE -FLOATING RATE 16,848,899 1,988,219 14,860,680 256 398 244 ONE MONTH AND UNDER (EXCL OVERNIGHT) -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+ 0.07 7.12-7.79 79.7 7.1 FED FUN 17 16 21 8.09 7.92 8.57 0.14 0.09 0.27 7.51-8.43 7.51-8.17 7.50-9.41 82.3 85.0 74.9 9.9 9.9 9.9 DOMESTI DOMESTI PRIME 146 96 181 9.20 9.06 9.30 0.13 0.17 0.17 8.34-9.85 8.07-9.92 8.78-9.84 64.9 65.3 64.7 6.9 PRIME OTHER PRIME 9.20 7.84 9.39 0.19 0.11 0.12 8.77-9.92 7.36-8.13 8.84-9.96 83.5 81.9 82.1 8.8 5.6 6.3 6.8 6.3 51,244,032 340 49 8.49 0.12 7.45-9.38 77.8 7.2 28,330,263 253,083 131,771 232,049 541,448 379,687 26,792,225 590 7 33 66 208 657 7,724 20 117 110 107 115 65 15 7.83 11.41 10.84 10.44 9.62 8.64 7.71 !!:i! 0.17 0.16 0.19 0.14 0.09 7.26-8.12 10.38-12.47 9.87-11.74 9.65-11.04 8.77-10.52 7.89-9.47 7.25-8.00 78.7 31.5 43.8 72.1 80.7 7.9 1.0 0.9 8.1 22, 913,769 468,970 546,671 856,947 3, 391,547 2, 026,198 15, 623,437 223 9 34 66 199 653 4 ,729 143 157 152 169 159 182 133 9 30 10. 59 10. 37 10. 17 9. 83 9. 56 9. 02 0. 11 0. 11 0. 09 0. 07 0. 07 0. 03 0. 15 8.83-9. 92 9.92-11. 07 9.65-11. 02 9.42-10. 92 8.94-10. 47 8.84-10. 20 8.24-9. 84 76 .7 69. 3 73. 1 78. 1 80. 4 88. 4 74. 7 6.4 0.5 1.8 2.3 5.1 8.9 6.9 3, 655,503 227 49 9 .05 0. 24 7.71-9 .93 56 .5 8.7 1, 082,638 94,114 105,145 24,397 858,982 187 18 215 673 5 ,587 45 43 43 54 45 9 .04 11 .77 10 .37 10 .05 8 .55 0. 29 0. 29 0. 27 0. 91 0. 20 7.58-9 .72 10.47-12 .40 9.72-11 .83 8.39-10.75 7.58-9 .31 57 .5 15 .9 20 .3 80.5 66 .0 0.3 0.9 2.8 0.0 0.0 2, 572,865 197,771 435,329 262,774 1, 676,990 249 26 215 673 4 ,638 51 43 68 54 47 9 .06 10 .62 10 .04 9.77 8 .51 0. 25 0.13 0. 15 0. 17 0. 25 56 .1 30 .1 31 .7 41.7 67 .7 12.2 4.4 5.4 9.3 15.3 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+ 7.48 MONTHS ! DAYS | 1 LOAN M E 1 v 7.71-10 9.84-11 9.38-10 9.38-9 7.55-9 (PERCENT) 1 1 EFFECTIVE 1| NOMINAL 9/ 2. LOANS MADE BELOW PRIME 11/ .06 .30 .75 .96 38 1.1 3.8 8.3 PRIME I RATE | 10/ | 16,258,213 9,193 X 7 .43 7. 17 8 50 79. 2 7.9 ONE MONTH AND UNDER (EXCL OVERNIGHT) 6,043,197 3,422 15 7 .76 7 49 8 .52 85 1 12.1 OVER ONE MONTH AND UNDER A YEAR 3,571,462 709 128 8 .02 7 .78 8 .66 77..7 7.0 DEMAND 4,245,944 1,036 X 7 .69 7 .44 8 .58 62 .7 5.4 30,118,817 25,180,980 4,937,837 2,378 22 13 109 7 .60 7 .57 7 .76 7 .34 7 .31 7 .51 8 .53 8 .51 8 .65 77..9 80 2 65 9 8.3 8.8 5.7 1,464,028 526,069 937,959 1,418 1,091 1,703 7 .71 7 .90 7 .61 7.50 8.59 8.68 8.54 84.0 60.8 97.0 6.2 0.0 9.7 OVERNIGHT 7/ 8/ TOTAL UNDER ONE YEAR -FIXED RATE -FLOATING RATE 1 MONTHS TOTAL ONE YEAR AND OVER -FIXED RATE -FLOATING RATE SEE LAST PAGE FOR FOOTNOTES 38 31 42 1 hll PRIME OTHER PRIME PRIME FED FUN PRIME PRIME PRIME PRIME OTHER FED FUNI PRIME PRIME PRIME PRIME PRIME PRIME PRIME PRIME FED FUN. OTHER OTHER OTHER FED FUN PRIME PRIME PRIME PRIME PRIME E.2 SURVEY OF TERMS OF BANK LENDING MADE DURING MAY 2-6, 1988 TABLE 2 . COMMERCIAL AND INDUSTRIAL LOANS (OTHER THAN CONSTRUCTION AND LAND DEVELOPMENT) MADE BY LARGE BANKS LOAN RATE (PERCENT) LOAN CHARACTERISTICS AMOUNT OF LOANS (*1,000) AVERAGE SIZE WEIGHTED| WEIGHTED AVERAGE| AVERAGE STANDARD I ($1,000) MATURITY|EFFECTIVE ERROR I 2/1 3/ 4/1 DAYS 1. ALL C 8 I LOANS OVERNIGHT 7/ I 1 1/ PEkCtNTAGE 0# AMOUNT OF LOANS MADE UNDER> I MOST[ ICOMMON | I BASE I I PRICING! T COMMITMENT|PARTICIPATION| RATE I INTERQUARTILE RANGE 5/ !_!L! I "" 12,554,893 9,907 X 7.52 0.09 7.12-7.82 75.9 8.6 ONE MONTH AND UNDER (EXCL OVERNIGHT) -FIXED RATE -FLOATING RATE 5,093,473 3,888,397 1,205,076 2,716 3,942 1,356 17 16 22 8.06 7.89 8.61 0.25 0.07 0.41 7.57-8.41 7.57-8.13 7.61-9.93 85.3 84.8 86.6 8.9 7.6 13.2 DOMESTIC DOMESTIC PRIME OVER ONE MONTH AND UNDER A YEAR -FIXED RATE -FLOATING RATE 6,209,894 2,618,931 3,590,963 682 1,198 519 134 88 168 8.95 8.74 9.11 0.15 0.07 0.22 8.18-9.73 8.03-9.47 8.71-9.73 68.2 73.9 64.0 4.8 8.7 1.9 PRIME FOREIGN PRIME 10,081,513 1,174,974 8,906,539 638 2,511 581 X X X 9.06 7.66 9.25 0.16 0.22 0.15 8.06-9.92 7.28-7.99 8.77-9.92 76.5 75.5 76.6 6.7 4.1 7.1 PRIME OTHER PRIME 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+ FED FUNDS 33,939,773 1,210 39 8.32 0.16 7.38-9.04 76.1 7.4 FED FUNDS 20,237,195 10,747 U,525 ,27,590 130,691 162,000 19,894,643 4,124 10 32 64 220 655 8,905 16 85 74 78 56 47 15 7.76 10.59 10.21 9.94 9.22 8.89 7.73 0.07 0.20 0.21 0.23 0.22 0.18 0.08 7.25-8.06 9.85-11.05 9.65-10.92 9.38-10.39 8.44-9.93 .8.11-9.85 7.25-8.06 77.4 31.8 24.0 37.7 61.8 77.0 77.6 8.1 4.1 FED FUNDS PRIME PRIME PRIME PRIME NONE FED FUNDS 13,702,578 87,752 117,921 220,461 1,226,625 760,919 11,288,901 592 11 34 67 211 659 6,511 131 173 177 169 163 137 127 9.16 10.25 10.19 10.02 9.68, 9.50 9.04 0.17 0.17 0.17 0.11 0.07 0.03 0.21 8.77-9.91 9.38-11.02 9.38-11.02 9.38-10.47 8.84-10.24 8.84-9.96 8.17-9.84 74.2 85.7 84.1 84.7 88.1 86.7 71.5 6.3 7.0 PRIME PRIME PRIME PRIME PRIME PRIME PRIME 2,025,128 1,052 47 8 .54 0.37 7.44-9,.31 71.4 5.9 DOMESTIC 659,429 8,001 17,778 10,958 622,693 1,282 24 229 659 6,955 49 46 54 55 49 8 .67 11 .65 10 .05 11 .14 8 .55 0.27 0.46 0.40 1.61 0.25 7.40-9 ,31 10.47-12 .68 9.38-11 .24 9.92-10 .75 7.40-9 .31 61.6 32.8 51.3 93.4 61.7 0.0 3.2 0.0 0.0 0.0 FED FUNDS OTHER OTHER OTHER FED FUNDS 1,365,699 23,817 76,668 65,457 1,199,757 968 29 220 684 7,781 46 35 39 58 46 8 .48 10 .64 9 .98 9 .75 8 .27 0.45 0.25 0.24 0.27 0.42 .38 .57 .47 .38 .84 76.2 61.2 68.1 70.5 77.3 8.8 0.5 4.3 0.0 9.7 DOMESTIC PRIME PRIME PRIME DOMESTIC 2.0 0.8 3.4 4.6 8.2 0.1 0.1 0.7 I:! MONTHS 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+ DAYS 7.44-9 9.65-11 9.11-10 9.11-10 7.41-8 LOAN RATE eppecTive 3/ NOMINAL 9/ PRIME I RATE I 10/ I 1 2. LOANS MADE BELOW PRIME 11/ 12,097,787 11,188 X 7.46 7.20 8.50 75.2 8.9 ONE MONTH AND UNDER (EXCL OVERNIGHT) 4,375,543 5,981 15 7.79 7.51 8.50 87.1 7.8 OVER ONE MONTH AND UNDER A YEAR 2,339,880 4,401 121 7.94 7.71 8.50 76.1 3.7 DEMAND 2,873,816 4,746 * 7.56 7.32 8.50 50.5 3.4 21,687,026 18,378,015 3,309,011 7,351 8,030 5,002 19 13 97 /J? 7.63 5:11 8.50 8.50 8.50 74.4 76.4 63.4 7.4 8.0 4.1 1,125,739 323,917 801,821 6,102 4,063 7,653 1 MONTHS 1 39 36 40 7.57 7.68 7.53 7.37 7.62 7.27 8.50 8.50 8.50 84.3 47.5 99.1 0.1 0.0 0.1 OVERNIGHT 7/ 8/ TOTAL UNDER ONE YEAR -FIXED RATE -FLOATING RATE TOTAL ONE YEAR AND OVER -FIXED RATE -FLOATING RATE SEE LAST PAGE FOR FOOTNOTES t | SURVEY OF TERMS OF BANK LENDING MADE DURING MAY 2-6, 1988 TABLE 3 COMMERCIAL AND INDUSTRIAL LOANS (OTHER THAN CONSTRUCTION AND LAND DEVELOPMENT) MADE BY OTHER BANKS LOAN CHARACTERISTICS 1 1 1 AMOUNT OF LOANS ($1,000) | 1 1/ MOST | I PERCENTAGE OF AMOUNT COMMON | 1 OF LOANS MADE UNDER: BASE I 1 PRICING! I 1 I I COMMITMENT I PARTICIPATION RATE I 1 6/ I I I LOAN RATE (PERCENT) 1 1 INTERAVERAGE WFTRHTFDI WFIfiHTFDI AVERAGEI AVERAGE |STANDARDI QUARTILE SIZE 1 RANGE ($1,000) MATURITY|EFFECTIVE| ERROR 2/| 3/| 4/| 5/ I I I DAYS | ! 1. ALL C 8 I LOANS 4 ,184,184 3, 920 X 7.36 0.10 6.98-7.59 90.9 2.5 FED FUNDS ONE MONTH AND UNDER (EXCL OVERNIGHT) -FIXED RATE -FLOATING RATE 2 ,095,314 1 ,400,765 694,549 224 261 175 17 16 19 8.17 8.00 8.50 0.16 0.16 0.38 7.43-8.44 7.43-8.33 7.50-9.40 75.2 85.4 54.6 12.3 16.4 4.1 FED FUNDS FED FUNDS PRIME OVER ONE MONTH AND UNDER A YEAR -FIXED RATE -FLOATING RATE 4 ,257,374 1 ,695,680 2 ,561,695 68 53 85 163 109 199 9.56 9.55 9.57 0.05 0.20 0.19 8.77-10.47 8.21-10.92 8.84-9.96 60.2 52.0 65.6 iti.i 9.0 10.8 PRIME FED FUNDS PRIME DEMAND 8/ -FIXED RATE -FLOATING RATE 6 ,767,386 813,245 5 ,954,141 135 180 131 X X X 9.42 8.11 9.59 0.19 0.24 0.17 8.84-9.96 7.60-8.52 8.84-10.20 90.5 95.1 89.9 5.7 10.7 W PRIME FED FUNDS PRIME 17 ,304,259 141 70 8.80 0.14 7.52-9.92 81.3 6,8 PRIME 8 ,093,067 242,336 120,247 204,459 410,757 217,687 6 ,897,582 188 7 33 67 205 659 5, 587 29 119 113 111 134 80 15 8.01 11.45 10.90 10.51 9.75 8.45 7.64 0.20 0.16 0.20 0.23 0.24 0.22 0.18 7.28-8.26 10.38-12.47 9.92-11.91 9.84-11.04 8.78-11.02 7.73-9.11 7.22-7.92 82.2 23.9 28.2 30.7 38.1 68.5 89.8 7,1 b.8 0.8 12 40 111 .7 • 7 FED FUNDS PRIME PRIME PRIME PRIME OTHER FED FUNDS 9 ,211,191 381,218 428,750 636,486 2 ,164,922 1 ,265,279 4 ,334,536 116 9 34 66 193 649 2, 761 161 154 145 169 157 198 151 9.50 10.67 10.41 10.23 9.91 9.59 8.98 0.13 0.05 0.05 0.06 0.11 0.05 0.24 8.84-10.09 9.92-11.07 9.84-11.02 9.65-11.02 9.11-10.47 8.87-10.20 8.50-9.69 80.5 65.6 70.0 75.9 76.0 89.4 83.1 0.6 2.2 2.9 6.2 12.1 6.7 PRIME PRIME PRIME PRIME PRIME PRIME PRIME 1 ,630,375 115 52 9.69 0.12 8.84-10.47 37.9 12.1 423,209 86,113 87,367 13,440 236,290 80 18 212 685 3, 680 38 42 41 53 34 9.62 11.79 10.44 9.17 8.56 0.47 0.37 0.33 0.67 0.37 7.58-11.02 10.47-12.40 9.92-11.83 8.39-10.75 7.58-9.40 51.2 14.3 14.0 70.0 77.4 0.8 0.7 3.3 0.0 0.0 1 ,207,166 173,955 358,661 197,317 477,232 135 26 214 670 2, 301 57 44 74 52 50 9.71 10.62 10.05 9.78 9.09 0.12 0.12 0.19 0.24 0.29 8.87-10.47 9.84-11.3U 9.38-10.75 9.38-9.93 8.84-9.84 33.3 25.8 23.9 32.1 43.5 16.0 4.9 5.7 12.4 29.4 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+ 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 i j LOAN RATE (PERCENT) DAYS EFFECTIVE I NOMINAL 9/ 5/ ! 2. LOANS MADE BELOW PRIME 11/ n PRIME I RATE | 10/ | 4,160,426 6 ,054 X 7.35 7.09 8. 50 90.9 5.1 ONE MONTH AND UNDER (EXCL OVERNIGHT) 1,667,654 1 ,612 15 7.70 7.42 8, 56 79.7 23.1 OVER ONE MONTH AND UNDER A YEAR 1,231,582 274 14a 8.17 7.91 8 96 80.8 13.3 DEMAND 8/ 1,372,128 393 X 7.95 7.69 8 .74 88.2 9.6 TOTAL UNDER ONE YEAR -FIXED RATE -FLOATING RATE 8,431,791 6,802,964 1,628,826 868 1 ,514 312 29 14 127 7.63 7.54 8.03 7.37 8 .62 8 .54 8 .94 86.8 90.6 70.9 10.6 11.0 9.0 338,290 202,152 136,138 399 503 305 8.17 8.25 8.07 7.90 7.97 7.80 8 .90 8 .98 8 .78 83 1 82.2 84.4 26 . 6 0.0 66.2 OVERNIGHT 7/ TOTAL ONE YEAR AND OVER -FIXED RATE -FLOATING RATE SEE LAST PAGE FOR FOOTNOTES 1 MONTHS 35 22 55 1 PRIME DOMESTIC OTHER OTHER FED FUNDS DOMESTIC PRIME PRIME PRIME PRIME PRIME E.Z SURVEY OF T E R M S OF BANK LENDING MADE DURING MAY 2-6, 1988 TABLE 4 CONSTRUCTION AND LAND DEVELOPMENT LOANS (SECURED AND UNSECURED BY REAL ESTATE) AMOUNT | OF LOANS I LOAN CHARACTERISTICS 1. ALL BANKS ($1,000) 1/ FIXED RAtE BY SIZE ($1,000) 1-24 i iiw" i FLOATING'R^TE BY SlkE ($1,000) 1 1-24 i f 25-49 50-99 I 100-499 i 500+ EFFECTIVE! 3/ I (PtktlNT) STANDARD ERROR 4/ INTERQUARTILE RANGE 5/ COMMITMENT PARTICIPATION! 9.29 0.22 8.84-9.92 88.3 16.6 1,350,175 21,102 20,756 21,944 98,581 1,187,793 375 11 38 63 147 9,437 3 20 9 8 20 2 8.69 11.66 11.62 11.81 10.82 8.35 0.52 0.21 0.27 0.37 0.29 0.68 7.37-9.28 11.02-12.13 11.02-12.13 11.57-13.31 10 38-11.57 7.37-9.08 95.5 54.4 48.6 45.6 79.9 99.3 20.9 2,673,089 56,900 69,211 93,560 515,670 1,937,747 222 10 35 67 222 3,954 18 10 9 11 10 23 9.59 10.75 10.60 10.46 10.71 9.18 0.18 0.12 0.14 0.14 0.19 0.16 8.84-10.24 9 93-11.02 9.92-11.02 9.92-11.02 9.96-11.02 8.84-9.42 84.7 87.4 79.6 79.2 91.1 5.6 7.5 17.5 507,335 187,055 3,328,873 64 242 476 10 12 12 10.38 9.35 9.12 0.24 0.18 0.24 9.92-11.07 9.22-9.92 8.36-9.69 82.4 89.2 89.2 18.4 2,891,114 1,421 11 8.83 0.26 8.36-9.38 99.4 20.8 1,123,599 815 914. 1,199 4,771 1,115,900 4,613 9 34 64 236 12,369 1 10 23 22 9 1 8.29 10.72 10.25 9.48 9.08 8.28 0.75 0.21 0.44. 0.30 0.44 1.03 7.37-9.08 10.20-11.02 9.42-10.75 8.84-9.96 8.50-9.29 7.37-9.08 99.8 72.8 24.9 0.0 75.8 70.4 100.0 i?:i 24 12 15 18 16 25 9.18 10.22 10.11 9.96 9.98 9.12 0.20 0.15 0.11 0.17 0.20 0.25 8.84-9.42 9.65-10.75 9.79-10.47 9.38-10.24 9.42-10.47 8.84-9.42 99.1 93.7 94.7 95.0 95.1 99.4 18.2 ill 18.7 5 9.16 9.00 8.81 0.36 0.30 0.29 8.85-10.20 7.37-9.65 8.33-9.17 VA 99.5 45.4 4.2 20.7 - 1,767,515 6,409 8,585 14,558 86,608 1,651,356 "ear „** 1/ FIX B Y SIZE ($1,000) 1-24 25-49 50-99 100-499 500+ FLOATING RATE BY SIZE ($1,000) 1-24 25-49 50-99 100-499 500+ BY TYPE OF CONSTRUCTION SINGLE FAMILY MULTIFAMILY NONRESIDENTIAL 987 10 35 70 229 5,458 1$ SEE LAST PAGE FOR FOOTNOTES x FEWER THAN 10 SAMPLE LOANS. 62.0 80.8 0.0 0.4 1:1 23.4 14.4 1:3 8.9 6.2 it:\ 9.8 6.3 1,132,150 83 12 10.44 0.20 9.69-11.02 60.2 6.0 226,576 20,287 19,842 20,745 93,810 X 67 11 38 63 145 X 13 20 9 7 20 X 10.65 11.70 11.69 11.95 10.91 x 0.40 0.28 0.25 0.28 0.26 X 9.22-11.63 11 02-12.13 11.35-12.13 11.57-13.31 10.38-11.57 X 74.1 53.7 47.1 43.9 80.4 X 1.5 0.0 0.0 0.0 3.6 X 905,574 50,491 60,626 79,003 429,062 286,392 88 10 35 67 220 1,527 11 9 8 10 9 16 10.39 10.81 10.67 10.55 10.86 9.51 0.19 0.15 0.22 0.19 0.19 0.19 9.69-11.02 10.20-11.02 9.92-11.07 9.92-11.02 10.47-11.07 9.11-9.92 56.7 86.6 77.5 76.3 55.4 43.6 7.1 1.0 2.4 4.8 6.6 10.5 415,101 72,266 644,783 55 173 113 11 14 12 10.65 9.91 10.37 0.21 0.18 0.28 9 96-11.48 9.22-10.47 9.38-11.02 79.1 76.4 46.1 9.5 8.9 NOTEt 58.5 PERCENT OF CONSTRUCTION AND LAND DEVELOPMENT LOA*NS HERE PRICED RELATIVE TO THE PRIME RATE tetfEWfAWE 6P AMOUNT OF LOANS MADE UNDER* 11 FIX 3. OTHER BANKS Himm AVERAGE 257 1/ B Y sizi ^ 1 , 0 0 0 ) 1-24 25-49 50-99 100-499 500+ FLOATING RATE BY SIZE ($1,000) 1-24 25-49 50-99 100-499 500+ ($1,000) LOAN RATE WEIGHTED AVERAGE MATURITY (MONTHS) 2/ 4,023,264 BY TYPE joF CONSTRUCTION SINGLE FAMILY MULTIFAMILY NONRESIDENTIAL 2. LARGE BANKS AVERAGE SIZE 0.8 Tab** 5 LOANS TO FARMERS 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 LARGE BANKS'* Amount of loans (thousands) Number of loans Weighted average maturity (months)3 Weighted average interest rate (%)3 Standard error4 Interquartile range* By purpose qf loan: Fee Jer livestock Oth >r livestock Other current operating expenses Farm machinery and equipment Farm seal 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 BANKS" Amount of loans (thousands) Number of toens Weighted average maturity (months)2 Weighted average Interest rate (%)» Standard error4 Interquartile range* By purpose of loan: Feeder livestock Other livestock Other current operating expenses Farm machinery and equipment Farm real aetata 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 SettestMO* lor nolea to tablet Twiir then 10 aampte loans I Weighted average Interest rate (%)3 Standard error4 Interquartile range6 By purpose of loan: Feeder livestock Other livestock Other current operating expenses Farm machinery and equipment Farm real estate Other 0 ALL BANKS Amount of loans (thousands) Number of loans Weighted average meturtty (months)2 $1-8 1 1 Size c •li sizes $10-24 $25-48 $250 and over $100-248 $60-88 $1,085,959 52,897 13.1 $132,173 35,635 8.3 $137,358 9,482 12.3 $140,949 4,042 11.8 $124,976 1,900 16.3 $186,371 1,274 6. 1 $364,130 563 19.9 10.68 .18 9.75-11.50 11.51 .37 10.78-12.13 11.37 .16 10.75-12.15 11.38 .27 10.73-12.10 10.74 .46 9.96-11.38 10.58 .32 9.96-11.02 9.88 .45 8 . 9 5 - 1 0 . 52 10.53 10.56 10.89 11.30 9.75 10.42 11.42 11.77 11.43 12.03 10.89 11.78 11.19 11.62 11.38 11.70 11.20 11.12 11.50 12. 36 11.16 11.37 9.99 10. 77 e 10.79 9. 84 10.44 11.47 10.81 - .6 10.67 10.05 e 57.5 *8.3 56.0 42.8 51.0 37.2 58.1 44.2 67.1 64.6 61.3 39.0 22.1 5.9 *5.6 3.9 3.6 18.9 8.7 3.6 71.0 7.6 1.7 7.5 8.9 5.4 63.1 9.5 3.1 9.8 16.1 6.7 61.5 e e 8.9 21.6 12.4 44.0 29.9 e i50.7 4 9.5 13.8 36.3 $363,068 • ,850 b.9 $9,236 2,310 8.2 $14,104 951 10.1 $18,076 540 11.9 $30,452 460 9.9 $53,489 ,367 S. i $237,710 222 5.1 9.70 .16 9.08-10.38 10.80 .34 10.16-11.30 10.47 .12 9.84-11.02 10.44 .21 9.92-10.92 10.19 .44 9.58-10.75 9.97 .24 9.38-10.65 9.43 .21 8.77- 9.92 9.62 9.77 9.86 10.66 10.59 9.52 10.11 11.06 10.79 12.08 11.43 10.57 10.32 9 . 92 10. 94 10. 15 e 9.96 • 9.94 9.52 10. 45 10.74 10. 59 10.47 10.17 • 10.27 10.85 10.09 10.25 9.29 76.6 79.2 89.0 82.8 90.8 80.8 98.1 81.6 93.8 86.2 94.4 92.1 67.5 75.0 33.8 7.0 32.8 .9 .8 2*. 7 8.3 4.2 70.6 4.2 2.9 9.8 7.2 9.8 31.1 40.5 68.6 4.7 3.0 15.3 64.5 20.2 8.7 44.6 48.1 21.9 15.41 20. a 15.6 $722,891 48,047 14.7 $122,937 33,326 8.3 $123,254 8,531 12.5 $122,873 3,501 11.8 $94,525 1,441 17.7 $132,882 907 5.7 11.17 .07 10.52-12.03 11.56 .14 10.78-12.19 11.48 .10 10.78-12.19 11.52 .15 10.77-12.13 10.92 .14 1 0 . 5 0 - 1 1 . 50 10.82 .20 10.52-11.23 11.49 11.08 11.22 11.35 9.68 11.11 11.51 11.83 11.48 12.03 e 11.91 11.27 11.64 11.49 11.75 11.61 11.25 e 11.65 48.0 32.7 53.5 39.8 46.4 32.2 52.2 38.7 16.3 5.3 51.9 5.5 5.0 16.1 8.7 3.6 71.0 7.9 9.1 5.9 62.5 10.1 e 9.2 17.0 • 7.3 # • » $ # • $ # • m $ # • ? $ * $ 11.30 # # 61.0 e e 7.9 10.97 # • • 58.5 57.6 • # 43.8 e e $ '• '* # $ • 55.1 55.1 * # * $ 10.07 • $ # $ # # $ 10.62 e • $ 48.0 17.6 e • 51.8 • e e 30.5 • 21.4 • # $ 9.43 • $ * $ e 29.1 • » e $ $ # $ e # $ e $ f a e $ e e e I NOTES The survey of terms of bank lending to business collects data on gross loan extensions made during the first full business week in the mid- month of each quarter by a sample 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