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FEDERAL RESERVE statistical release •f^rRT^ Fiir IwrtHate release Harth il. 1981 SBORT-TBRH COHHBBCIAL AMD INDUSTRIAL LOUS TABLE 1 SURVEY OP TERMS OF BANK LENDING (OTHER THAN CONSTRUCTION AND LAUD DEVELOPMENT) «1DB DURING M B 2- 7, 1981 SIZE CLASS OF LOAN (IN THOUSANDS) $1-24 $25-49 $50-99 $16 ,985,777 156,959 1.9 $817,631 111,775 3.3 $521*319 15,982 3.7 $918,372 14,711 4.2 19.91 .22 19. 12-21.25 19.59 .21 17..23-21.94 19.53 .31 16. 00-21.84 19.77 .55 18..77-22.13 38.7 43.0 18.1 31.0 23.9 10.2 29.4 22.1 11.7 42.9 37.6 24.6 46 LARGE BANKS $10 ,897,634 ABOONT OF LOANS (TBOOSANDS) NOBBEE OF LOANS 15,294 BBX6BTBD A*BRAGB BATORITY (BONTBS) 11/ 1.2 / $68,549 7,014 4.5 $68,758 2,070 4.9 19.91 .05 19. 18-20.57 21.85 .04 21. 17-23.52 32.8 #4.5 . 16-2 OTHER BANKS $6 ,088,143 ABOONT OF LOANS (TBOOSANDS) 143,666 BOBB11 OF LOANS 3.5 WEIGHTED AVERAGE BAIOBITT (BONTBS) 1/ j/ ALL BA1KS AflOUMT OF LOAMS (THOUSANOS) NUBBER OF LOAMS SIZES 1/ SfABDABD BRROt 1/ INTERQUARTILE RANGE 4/ 1/ PERCENTAGE O F ABOONT O F LOAMS: WITH FLOATING BATE HADE ORDER COBBITBENI H U H MO STATED BATORITY STANDARD ERROR j / INTERQUARTILE RANGE 4/ 2/ PERCENTAGE OF ABOONT OF LOANS: M T U FLOATING RATE BIDE UNDER COHBITBENT WITB NO STATED BATDRITI STANDARD ERROR J / IMTElfiOARTILB RANGE 4/ PERCENTAGE OF AMOUNT OF LOANS: WITB FLOATING RATE HADE UNDER COHHITHEMI WITH NO STATED HATORITT 19.90 .21 18. 97-21.94 1/ 49.3 4 0.2 21.4 $1,000 $500-999 AND oris S2,SOI;016 13,165 3.6 $751,196 1,192 3.8 $11,476,241 2,135 20. 18 20.#- 20.00-21.9# .18 19.83 -13 19.18-20.32 55.6 39.7 16.0 77.6 65. » 36.9 33.1 44.9 17.2 $116,753 1,849 4.9 $461,860 2,441 3.6 $337,318 516 3.7 $9,824,395 1,404 .9 21. VI .03 21. 17-23.00 21.59 .05 21-00-22-84 21. #5 .03 20.50-22.54 20.79 -12 20.00-21.94 19.10-20.10 61.7 49.3 14.1 72.4 56.2 19.4 77.9 58.4 24.7 77.1 66.5 30.9 81.7 65.7 41.4 28.0 $749,082 104,761 3.2 $452,561 13,912 3.5 $801,619 12,862 4.1 $2,019,158 10,724 3.7 $413,878 676 3-9 $1,651,845 730 2.8 19.19 -31 17. 70-21.50 19.51 .55 17..68-21.94 19.88 .40 17.25-22.50 20.00-22.00 19-50-21.34 22.9 16.6 10.6 37.8 34.6 24.6 50.5 33.3 14.9 74.2 63.8 59.9 35.9 19.38 .20 17., 18-21.55 28.2 21.6 9.8 .If 19.2*1-22.51 20.94 .13 1.1 19. 76 .06 42.4 14.5 20.27 66.0 33.3 .12 NOTE: THE SURVEY OF I EBBS OP BANK LENDING IS TAKEN OP ABOUT 340 BANKS SELECTED TO REPRESENT ALL SIZES OF BANKS. THE SAMPLE DATA ARB COLLECTED OVER ONE BUSINESS MEEK AMD USED TO ESTIMATE LENDING TERES AT ALL INSURED COMMERCIAL BANKS. SHORT TESH LOANS HAVE ORIGINAL HATORIIIBS OF LESS THAN ONE TEAR, AMD 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 OP CONDITION AS REAL ESTATE LOAMS AND THE REMAINDER AS BUSINESS LOANS. AS OF 9/30/80, AVERAGE DOMESTIC ASSETS OF 48 LARGE BANKS WERE $10.9 BILL1Q9 AND ASSETS OF THB SHALLEST OF THESE BANKS WERE $ 2.2 BILLION. FOR ALL INSURED BANKS, TOTAL DOMESTIC ASSETS AVERAGED $ 101.MILLION. 1/ AVERAGE MATURITIES ARE WEIGHTED BT LOAN VOLUMES EXCLUSIVE OF LOANS WITH NO STATED HAIURITY (DBBAND LOANS). 2/ THE APPROXIMATE COB POUNDED ANNUAL INTEREST RATE ON EACH LOAN IS CALCULATED FROM SURVEY DATA ON THE STATED RATE AND OTHER TERMS OF THE LOAN; THEN, IN COMPUTING TBE AVERAGE OF THESE APPROXIMATE EFFECTIVE BATES, EACH LOAN IS WEIGHTED BY IIS DOLLAR ABOONT. 3/ THE CHANCES ARE ABOUT 2 OUT OF 3 THAT TBE AVERAGE BATE SHOWN WOULD DIFFER BY LESS THAN IBIS AMOUNT FROM TBE AVERAGE RATE THAT WOULD BE FOUND BY A COMPLETE SURVEY OF LENDING AT ALL BANKS. 4/ TBB INTERQUARTILE BABGE SHONS IBB IBTBBBST BATE BABGE THAI EBCOBPASSBS THE MIDDLE FIFTY PERCENT OF IBB TOJAL DOLLAR ABOONT OF LOANS BADE. TABLE 2 SUBVET OF TEBHS OF BANK LENDING , LOSG-IBRM COMMERCIAL AND INDUSTRIAL LOANS (OTHBB THAN CONSTRUCTION AMD LAND 0£1 ELOPM1ST) -BADE DOBI*G FEB 2- 7, 1981 SIZE CLASS OF LOAN (IB THOOSAIDS) $1,000 ALL SIZES AND OVEB ALL BANKS AMOUNT OF LOANS (THOUSANDS) $2,106,841 NUHB22 OF LOANS 19,309 WEIGHTED AVERAGE HATUBIII (MONTHS) 1/ 47.8 $238,914 17,320 33.4 $297,407 1,355 61.8 $161,491 245 40.1 $1,409,030 389 48.2 19.26 WEIGHTED AVEBAGE INTEBEST BATE (%) g/ .51 STANDABD EBBOB j/ 17.92-21.00 INTEBQOABTILE BARGE 4/ 19.06 .40 17.00-21.00 19.31 .95 16.25-21.00 20.00-21.86 20.48 1.09 19.14 .72 18.28-20.75 73.8 76.9 39.4 33.5 49.7 85.0 77.7 75. < 89.9 48 LABGE BANKS $1,285,711 AHOONT OF LOANS (THOUSANDS) 2,169 NUHBBB OF LOANS WEIGHTED AVERAGE HATOBITI (BONTBS) • £/ $30,162 1,341 36.2 $104,062 427 38.1 $100,346 146 •0.3 $1,051,140 255 47.8 19.37 WEIGHTED ATEBAGB INTEBEST BATE (X) 1 / .38 STANDARD EBBOB j / 19.28-21.00 INTEBQUARTILB RANGE 4/ 20.73 20.37 .11 20.80 19.25-22.54 19.75-21.00 .13 20.00-21.52 19.10 .43 18.00-20.75 71.8 51.8 87.6 88.0 83.9 90.9 73.3 89.2 OTHER BANKS AHOONT Of LOANS (THOUSANDS) $821,131 NOHBEB OF LOANS 17,140 WEIGHTED ATEBAGB HATOBITI (HOMTHS) 1/ 50.4 $208,752 15,979 33.0 $193,345 928 74.5 $61,145 99 39.7 $357,889 134 49.4 WEIGHTED ATEBAGB INTEBEST BATE (%) g/ 19.07 S1ANDABD EBBOB 1/ .32 INTEBQOABTILE BANGE 4/ 16.94-21.00 .36 17.00-20.75 18.82 18.74 .94 16.25-21.00 19.96 19.50-22.00 1.08 19.24 .58 18.39-21.00 34.6 30.8 88.3 29.1 85.7 56.1 81.3 92.0 PEBCENTAGE OF ABOONT OF LOANS: H U B FLOATING BATE HADE UNDER COMMITMENT .18 PEBCENTAGE OF AMOUNT OF LOANS: NITH FLOATING BATE HADE UNDER COHHITHENT PEBCSWTAGE OF AHOONT OF LOANS: WITH FLOATING BATE HADE ONDEB COHHITHENT 71.5 59.0 88.1 NOTE: THE SOB FEY OF TERMS OF BANK LENDING IS.TAKEN OF ABOUT* 340 BANKS SELECTED T O BBiRESENT A L L S I Z E S t O J M B A M S . IBB SAMPLE DATA ABB COLLECTED OVEB ONE BUSINESS WEEK AND USED 10 ESTIMATE LENDING TEBHS AT ALL INSURED COMHBBCTAL BANKS. SHOBT TBBH LOANS HAVE OBIGINAL HATOBITIBS OF LESS THAN ONE TBAB, AND LONG TERM LOANS HAVE MATURITIES OF ONE YEAR OB MOBE. CONSTRUCTION AND LAND DEVELOPMENT LOANS INCLUDE BOTH UNSECURED AND LOANS SECUBED BT BEAL ESTATE. THUS, SOME OF THE CONSTBUCTION AND LAND DEVELOPMENT LOANS WOULD BE BEPOBTED ON THE STATEMENT OF CONDITION AS BEAL ESTAT* LOANS AND THE BEMAINDBR AS BUSINESS LOANS. AS OF 9/30/80, AVEBAGE DOMESTIC ASSETS OF 48 LABGE BANKS WEBB $ 10.9BILLION AND ASSETS OF THE SHALLEST OF THESE BANKS WERE $2.2 BILLION. FOB ALL INSUBEO BANKS, TOTAL DOMESTIC ASSETS AVEBAGBD $101.TRILLION. 1/ AVEBAGE HATOBITIBS ABE WEIGHTED BI LOAN VOLUMES. 2/ THE APPBOZIMATE COMPOUNDED ANNUAL INTEREST BATE ON EACH LOAN IS CALCULATED FBOH SUBVET DATA OM THE STATED BATE AND OTHER TEBHS OF THE LOAN; THEN, IN COHPUTINU THE AVEBAGE OF THESE APPROXIMATE EFFECTIVE RATES, EACH LOAN IS WEIGHTED BI ITS DOLLAR AHOONT. 1/ T H E CHANCES ABB ABOUT 2 OUT OF 3 THAT THE ATEBAGB BATE SHOWN WOULD DIFFBB BI LESS THAN THIS AMOUNT FBOB THE AVERAGE BATE THAT WOULD BE FOUND BI A COHPLBTB SORVEI OF LENDING AT ALL BANKS. 4/ THE INTEBQOABTILE BANGE SHOWS THE INTEREST RATE RANGE THAI BMCOHPASSES THE MIDDLE FIFTI PEBCBNT OF THE TOTAL DOLLAR ABOSII1 OF LOANS HADE. TABLE 3 S0BVEX OF XBBBS OF BANK LENDING CONSTBUCTIOB ABD LIED DEVELOPMENT LOANS (SECOBBD 11D 01SECOBED BY SEAL ESTATE) HADE DURING FEB 2- 7, 1981 SIZE CLASS OF LOAI (IB THOUSANDS) ALL SIZES $500 AMD OVER ALL BAIKS ABOUBX OF LOAMS (THOUSANDS) $584,021 NUMBER OF LOADS 12,681 MBIGBTBD AVEBAGE BATDBITI (BOBTHS) j/ 10.4 $55,418 7,442 6.3 $124,270 3,324 9.9 $68,475 1,107 6.7 $133,859 648 11.4 $201,999 160 12.4 WEIGHTED AVERAGE IBTBBBST RATE <S) 2/ 19.#0 STANDARD BBBOB 1 / .70 IMTBBQUAHTILB BABGB 4/ 16.00-22.19 18. 76 .53 16.64-21.50 17.40 1.47 13.65-22.04 17.92 1.41 13.28-21.94 20.00-22.50 20.20 .86 20.77 •.49 20.50-22. 19 36.0 31.2 87.9 84.4 42.1 94.3 77.0 70.5 79.7 73.8 94.8 93.6 72.7 PBBCBBTAGB OF ABOONT OF LOABS: BIIH FLOATIBG BATE SECURED BI RBAL ESTATE BIDS OBDBR COBBIXBBBT BADB FOB COBSTBOCTIOB 1-4 FABILY BOLTIFABILT BOBBESIDEBTIAL 1ITB BO STATED BATDBITI 63.9 89.1 74.5 100.0 40.3 15.1 44.7 10.7 91.9 57.7 100.0 100.0 77.4 4.7 100.0 54.2 63.7 9.3 27.0 2.1 100.0 25.4 15.0 59.6 14*0 100.0 23.4 27.9 48.7 9-5 18.0 28.6 43.7 3.8 48 LABGB BAIKS ABOOBS OF LOABS (XBOUSABDS) $147,400 BOBBBB OF LOABS 1,375 WEIGHTED AVEBAGB BATDBITI (BOBTBS) J/ 11.8 $7,049 688 7.7 $8,215 235 6.4 WEIGHTED AVERAGE IBTBBBST BATE (1) 2/ 20.67 SXABDABD ERROR 2/ .27 IBTEBQOABTILE BABGB 4/ 20.75-22.30 21.27 .25 21.00-23.45 21.58 .36 21.00-23.14 21-00-23.08 20.00-22.86 21.35-21.50 92.7 89.9 83.5 100.0 30-2 32.3 37.5 7.6 85.6 80.3 80.7 100.0 39.5 21.3 39.2 5.4 93.3 92.7 83.0 100.0 47.1 19.9 33.0 1.5 89,5 91-3 81.4 100.0 34.5 32.4 33-1 2.0 88.9 86.9 83.2 100.0 23.2 18.1 58.8 13.5 96.6 92.4 84.3 T00.0 31.3 44.6 24.1 5.5 OTBBB BANKS $436,621 ABOONT OF LOANS (TBOOSANDS) ' NUMBER OF LOANS 11,306 10.0 BBIGHXED AVEBAGB BATDBITI (BOBTBS) 1/ $48,369 6,755 6.1 $116,055 3,090 10.2 $56,254 926 6.4 $85,090 419 12.7 $130,852 118 10.7 WEIGHTED AVEBAGB IBXEBESX BATE (%) 2/ 18.97 SXABDABD BR30R 3/ I .64 15.00-22.10 IMTBBQOARTILE BABGB 4/ 18.39 .46 16.54-21.00 17.10 1.42 13.65-21.19 17.08 1.40 13.28-21.50 20.22 .63 19.91-22.33 20.84 .44 20.50-22.35 28.7 93.6 54.3 100.0 82.9 2.3 14.9 32.0 26.8 87.5 84.5 100.0 54.7 .8 44.4 3.9 31.8 95.0 76.0 100.0 70.0 4.3 25.7 7.1 59.9 75.6 68.4 100.0 26.7 13.3 60.0 14.3 93.8 94.3 66.4 100.0 19.1 18.9 62.0 11.7 PBBCBBTAGB OF ABODBT OF LOABS: BITE FLOATING BATE SECOBBD BY REAL ESTATE BADE UNDER COMMITMENT BADE FOB CONSTBUCTION 1-4 FAMILY BOLTIFABILT NONRESIDENTIAL H U B BO STATED BATDBITI PBBCBBTAGB OF ABOUBT OF LOANS: H U B FLOATING BATE SECOBBD BY REAL ESTATE HADE DMDER COMMITMENT MADE FOB CONSTBUCTION 1-4 FAMILY BULTIFAHILY NONRESIDENTIAL WITH NO STATED MATURITY 54.2 88.9 71.5 100.0 43.7 9.3 47. 1 11.8 6.2 $12,220 181 7.8 21.77 .11 $48,769 230 9.0 20.16 .57 $71,147 42 15.4 20.66 .21 MOTE; THE SURVEY OF TERMS OF BANK LENDING IS TAKEM OF ABOUT 340 BANKS SELECTED TO REPRESENT ALL SIZES OF BANKS. THE SAMPLE DATA ARB COLLECTED OVER OMB BDSIHESS BEBB AMD DSBD TO BSTIBATB LENDING TERMS AT ALL INSORED COMMERCIAL BANKS, SHORT TEEfl LOABS BAVE ORIGINAL B A M B I T I B S OF LESS TEAM OMB YEAR, AND LONG TERM LOAMS HAVE MATORITIBS OF OBB TEAR OR MORE. CONSTRUCTION AMD LAND DEVELOPHEMI LOAMS INCLUDE BOTH UNSECURED AND LOANS SECOBBD BI SEAL ESTATE. TBOS, SOME OF THE CONSTRUCTION AND LAND DEVELOPMENT LOANS 100LD BE REPORTED ON THE STATEMENT OF CONDITION AS REAL ESTATE LOANS AMD THE REMAINDER AS BUSINESS LOANS. AS OF 9/30/80, AVERAGE DOMESTIC ASSETS OF 48 LARGE BANKS HERE $10.9 BILLION AND ASSETS OF THE SMALLEST OF THESE BANKS WERE $2.2 BILLION. FOB ALL INSORED BANKS, TOTAL DOMESTIC ASSETS AVERAGED $t01.4BILLI0N. 1/ AVERAGE MATURITIES ARB WEIGHTED BY LOAN VOLUMES EXCLUSIVE OF LOAMS 8ITH MO STATED MATURITY (DEMAND LOAMS). 2/ THE APPBOXIHATB COMPOUNDED ANNUAL INTEREST RATE ON BACH LOAN IS CALCULATED FROM SURVEY DATA ON THE STATED RATE AMD OTHER TERMS OF THE LOAN; THEN, IN COMPUTING THE AVERAGE OF THESE APPROXIMATE EFFECTIVE RATES, BACH LOAN IS BBIGHTBD BY ITS DOLLAR AMOUNT. 3/ THE CHANCES ABB ABOUT 2 OUT OF 3 THAT THE AVERAGE RATE SHORN WOULD DIFFBB BY LESS THAN THIS AMOUNT FBOB THE AVERAGE RATE THAT MOULD BB fOUND BY A COMPLETE SOBVBI OF LENDING AT ALL BANKS. 4/ TBB IMTBBQUABTILB RANGE SBOMS TBE INTBBBST RATE RANGE THAT ENCOMPASSES TBB MIDDLE FIFTY PBBCEMT OF IBB TOTAL DOLLAB AMOUNT OF LOANS MADE. TABLE 4 SUBVEY OF TERMS OF BANK LENDING LOANS TO fASSESS BADS DOSING FSB 2- 7, SIZE CLASS OF LOAN (IN THOUSANDS) $1-9 $10-24 $25-49 $50-99 $100-249 AND OVER $1 ,083,356 60,769 6.2 1/ $147,558 39,249 6.4 $166,464 11,339 6.2 $200,977 5,871 5.9 $153,148 2,456 6.8 $204,451 1,457 4.8 $210,756 398 7.5 17.92 WEIGHTED AVERAGE INTEREST RATE (*) 2/ .44 STANDARD ERROR 3/ 16. 21-19.25 INTERQUARTILE RANGE 4/ BY PURPOSE OF LOAN: 17.79 FEEDER LIVESTOCK 17.45 OTHER LIVESTOCK 17.91 OTHER CURRENT OPERATING EXPENSES 17.37 FARM MACHINERY AND EQUIPMENT 18.31 OTHER 17.36 .53 16.10-18.27 17.71 -49 16.21-18.81 17.52 .64 16.10-18.50 17.85 .61 16-46-19.25 17.92 1.03 16.61-18.81 18. 94 1.11 15.69-20.64 17.54 16.34 17. *2 17.52 17.63 17.87 18.06 17.72 17.16 17.85 18.14 17.20 17.36 17.58 17.22 17.37 17.85 17.53 17.66 18.84 16-81 18.55 18.01 18.95 18.06 20.52 29.0 27.6 11.3 12.4 14.0 17.9 20.0 20.0 26.8 24.9 23.3 26.3 68.7 56.5 16.9 5.9 48.3 8.1 20.2 7.8 8.7 67.1 9.3 6.8 11.6 6.5 55.5 13.6 12.7 17.4 6.4 40.6 12.0 22.7 20.0 8.2 39.5 8.1 24. 1 18.0 23.6 33.5 57.5 37.1 14.1 $191,727 3,486 5.8 $6,446 1,603 5.8 $11,304 776 6.2 $14,705 433 4.6 $20,237 305 5.9 *32,164 219 5.2 $106,872 151 6.1 19.93 WEIGHTED AVERAGE INTEREST RATE (%) 2/ .33 STANDARD ERROR 3/ 17.,42-21.72 INTERQUARTILE RANGE 4/ BY PURPOSE OF LOAN: 21.08 FEEDER LIVESTOCK 17.55 OTHER LIVESTOCK 19.64 OTHER CURRENT OPERATING EXPENSES 16.85 FARM MACHINERY AND EQUIPMENT 20.39 OTHER lfr.86 .41 16.65-21.25 19.40 .35 17.23-22.10 20.18 .57 17.09-23.14 19.31 .40 16.68-21.94 20.11 .86 16.68-22.54 20.07 .85 17.55-21.31 18.88 18.68 18.82 19. 55 18.75 19.65 20.09 19.54 17.94 19.03 21.52 19.09 18.98 21.11 21.86 20.94 18.44 19.66 20.12 22.39 19.59 19.96 20.52 84.2 65.2 47.6 49.0 56.9 58.6 70.2 68.7 72.3 75.5 79 a 78 S 95.0 60.5 23.4 5.1 40.7 4.9 25.8 9.1 6.2 57.2 7.3 20.1 10.0 5.4 58.9 4.4 21.2 12.3 7.9 47.5 22.7 23 9 41.7 44.5 35.5 27.4 21.5 23-8 27.8 OIHBB BANKS 3/ $891,628 AMOUNT OF LOANS (THOUSANDS) 57,283 NUHBBB 01? LOANS . WEIGHTED AVERAGE MATURITY (MONTHS) 1/ 6.3 $141,112 37,646 6.5 $155,160 10,563 6.3 $186,273 5,438 6.0 $132,911 2,151 6.9 $172,288 1 ,238 4.7 $103,884 247 8.7 17.29 .32 16..10-18.26 17.59 .33 16.,14-18.53 17.31 .29 16.10-18.26 17.63 .45 16.31-18.83 17.51 .56 16.31-18.39 17.77 .70 15..31-18.50 17.47 16.26 17.36 17.44 17.47 17.76 17.94 17.58 17.14 17.70 17.96 17.02 17.21 17.57 16.71 16.71 17.38 17.57 18.41 * * * 17.1 19.5 9.7 10.7 10.9 15.0 16.1 16.1 19-9 17.2 15.5 6.0 49.9 8.8 19.0 7.8 8.9 67.6 9.4 6.2 11.7 6.5 55.3 14.2 12.1 17.8 6.3 40.1 12.6 22.3 ALL BANKS AMOUNT OF LOANS (THOUSANDS) NUMBER OF LOANS WEIGHTED AVERAGE MATURITY (MONTHS) SIZES PEBCBBTAGE OF AMOUNT OF LOANS: WITH FLOATING BATE MADE UNDER COMMITMENT BY PURPOSE OF LOAN: FEEDER LIVESTOCK OTHER LIVESTOCK OTHER CURRENT OPERATING EXPENSES FARM MACHINERY AND EQUIPMENT OTHER LAHGE BANKS 5/ AMOUNT OF LOANS (THOUSANDS) NUMBER OF LOANS WEIGHTED AVERAGE MATURITY (MONTHS) 1/ PERCENTAGE OF AHOONT OF LOANS: gITH FLOATING BATE MADE UNDER COMMITMENT BY PURPOSE OF LOAN: FEEDER LIVESTOCK OTHER LIVESTOCK OTHER COBBBIT OPERATING EXPENSES FARM MACHINERY AND EQUIPMENT OTHER 17.49 WEIGHTED AV2SAG8 I1TBBBST RATE (S) 1/ .28 STANDARD ERROR J/ INTERQUARTILE RANGE 4/ 16. 10-18.68 BY FOBPOSE OF LOAN: 16.72 FBBDBB LIVESTOCK OIHBB LIVESTOCK 17.43 17.60 OTHER CUBBENT OPERATING EXPB1SBS 17.43 FARM MACHINIBI AND EQUIPMENT 17.70 OTBBB PERCENTAGE OF AMOUNT OF LOANS: WITH FLOATING BATE MADE UHDBB COMMITMENT BY PUBPOSE OF LOAN: FEEDER LIVESTOCK OTBBB LIVESTOCK OTHER COBBBNT OPBBATING EXPENSES FABM MACHINERY AND EQUIPMENT OTBBB ' 27.3 * 13.0 16.5 41.6 52.4 39.2 31.4 80.2 * * * 19.6 OTB: IHE SURVEY OF TERMS OF BANK LENDING TO FARMERS COVERS ABOUT 250 BANKS SELECTED TO REPRESENT ALL SIZES OF BANKS. THE SAMPLE DATA ABB COLLECTED OVER ONE BUSINESS WEEK AND USED TO ESTIMATE LENDING TEEMS AT ALL INSURED C0M8EBCIAL BANKS. LOANS SBCDBED BI BSAL ESTATE, PURCHASED LOANS, FOBBIGN LOANS, AND LOANS OF LESS THAN $1,000 ABE EXCLUDED FBOM 1/ THE WEIGHTED AVEBAGB MATURITY IS CALCULATED ONLY FOB LOANS WITH A STATED DATE OF MATURITY (THAT IS, LOANS PAYABLE ON DEMAND ABE EXCLUDED). IN COMPUTING THE AVERAGE, EACH LOAN IS WEIGHTED BY ITS DOLLAR AMOUNT. 2/ THE APPROXIMATE COMPOUNDED ANNUAL INTEREST BATS ON EACH LOAN IS CALCULATED FBOM SURVEY DAIA ON THE STATED BATE AND OIHBB 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 ABE ABOUT 2 OUT OF 3 THAT THE AVERAGE RATE SHOWN WOULD DIFFER BY LESS THAN THIS AMOUNT FROM TfB AVERAGE RATE THAT WOULD BE FOUND BY A COMPLETE SURVEY OF LENDING AT ALL BANKS. 4/ THE INTERQUARTILE BANGB SHOWS THE INTEREST RATE RANGE THAT ENCOMPASSES THE MIDDLE FIFTY PERCENT OF THE TOTAL DOLLAC AMOUNT OF LOANS MADE. 5/ MOST "LARGE BANKS* (SURVEY STRATA 1 TO 3) HAD OVER $400 MILLION IN TOTAL ASSETS AS OF 9/30/80; THE SMALLEST BANK SUBVBYBD IN THIS GROUP HAD TOTAL ASSETS OF $214 MILLION. MOST "OTHER BANKS" (SURVEY STRATA 4 TO 6) HAD TOTAL ASSETS BELOW $400 MILLION; THE LARGEST BANK SURVEYED IN THIS GROUP HAD TOTAL ASSETS OF $424 MILLION. * FEWER THAN 10 SAMPLE LOANS.
@FedFRASER