Full text of E.2 Survey of Terms of Business Lending : March 25, 1982

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v s s g ? , ;

FEDERAL RESERVE statistical release

Lilt

„

FOR DMEEIOTE RELEASE
WWCH 25, 1982

TABLE 1
SOBVEY OF TEE AS OP BANK LEMDIMG
SHOKT-IERH COMMERCIAL S I D INDUSTRIAL LOANS (OTHER T H I S COWSTBUCTIOM AMD LAID DEVBLOPMENT)

HADE DURING PBB 1 - 6 - 1 9 8 2

S I Z E CLASS OF LOAM ( I I THOUSANDS)

$1,000

SIZES
ALL BANKS
$31 , 6 0 0 , 7 3 6
AMOUNT OF LOANS (THOUSANDS!
167,711
NUMBER CF LOAMS
1.4
WEIGHT£D AVERAGE MATURITY (MONTHS) 1 /

$1-24

$25-49

$50-99

$100-499

$500-999

AND OVER

$879,384
120,258
3.5

$560,057
18,056
3.8

$686,973
10,419
4.4

$2,391,858
13,787
3.7

$938,120
1,443
3.#

$26,144,343
3,748
1.0

17.13
.14
16. 61-17.55

18.34
.28
17.23-19.12

17.88
.24
17.00-10.97

18.20
.13
17.42-19.05

17.65
.29
16.75-18.64

17.31
.1?
16.50-17.98

16.99
.08
16.56-17.44

40.0
54.9
17.5

35.4
27.8
13.9

46.6
36.5
16.8

57.3
41.5
18.6

64.4
51.0
26.4

76.4
63*5
32.7

36.3
56.6
16.2

$24,107,630
17,747
1/
1.0

$72,134
7,253
4.5

$76,349
2,314
4.8

$132,228
2,050
4.9

$574,998
2,913
3.9

$402,Q|5
3.6

$22,849,876
2,607
.9

17.<#5
.04
16.56-17.44

18.12
.01

17.00-19.25

17.85
.07
16.86-18.97

17.56

17.12-19.56

16.75-18.39

17.37
.05
16.50-18.00

17.02
.04
16.56-17.44

37.6
55.9

64.0
47.2
17.6

74.0
54.9

80.2
59.8
24.0

82.2

22.2

75.5
67.8
33. 1

35.4
55.5
15.3

$7,493,105.
149,965

$807,250
113,005
3.5

$483,707
15,742
3.6

$554,745
8,369
4.3

$1,816,860
10,874
3.6

$536 , 075
833
4.0

$3,294,467
1,141

17.38
.13
16.70-18.11

18.33
.27
17.23-19.00

17.84
.23
16.99-18.82

18.28

17.68

17.26

17.47-19.02

16.75-18.68

16.50-17.88

16.79
.07
16.50-17.30

47.7
51.4
22.1

32.S

42.3
33.6

51.9
37.1
17.3

58.8
46.9
24.6

32.3

WEIGHTED AVERAGE INTEREST RATE ( * )
STANDARD ERROR j /
INTERQUARTILE RANGE 4 /

2/

PERCENTAGE OP AMOUNT OF LOAMS:
WITH FLOATING RATE
HADE UNDER COMMITMENT
WITH MO STATED MATURITY
4 8 LABGE BASKS
AMOUNT OF LOAMS (THOUSANDS)
NUMBER OF LOANS
WEIGHTED AVERAGE MATURITY (MONTHS)
WEIGHTED ATEBAGE M T E B E S T BAIL ( # )
S I All DA BD ERROR j /
IMTEBQUARTILE BAMGB 4 /

1/

PERCENTAGE OF AMOUNT OP LOAMS:
WITH FLOAT!EG BATE
MADE OfDEB COMMITMENT
WITH BO STATED MATURITY
OTHER BANKS
AMOUNT OB LOAMS (THOUSANDS)
KOHBBB O r LOAMS
WEIGHTED AVERAGE MATURITY (HOMIHS)
WEIGHTED AfBBAGB IWTBBBST SATE (%)
STA8DABD EBBOB 1 /
INTBRQOARTILE RANGB 4 /
PERCENTAGE OF AMOUNT OF LOAMS:
WITH FLOATING BATE
BADE ONDBB COMHIIMBNT
WITH NO STATED MATUBITY

16.0

1/
1/

18.47

.06

26.1
13.5

.10

.10

64.0
31.8

.26

610

.16

1.6

66.5

60.2

MUTE: IHE SUBVBY OF TERMS OF BANK LENDING I S TAKEN OF ABOOT 3 4 0 BANKS SELECTED TO RBPBESBMT ALL S I Z E S OF BANKS. THE SAMPLE
DATA ABE COLLECTED OfBR OMB BUSINESS WEEK AMD OSBD TO ESTIMATE LENDING TEEMS AT ALL INSOBSD COMMERCIAL BANKS. 5HOSI
TERM LOAMS HAVE ORIGINAL MATURITIES OF LESS THAN OMB TEAR, AND LONG TBBM LOANS HAVE MATURITIES OF ONE IBAB OB MORE.
CONSTRUCTION AMD LAND DEVELOPMENT LOAMS INCLUDE BOTH UNSECURED AND LOAMS SECUBBD 8 1 BEAL ESTATE. THUS, SOME
OF THE CONSTRUCTION AMD LAND DEVELOPMENT LOANS WOULD BE REPORTED ON THE STATEMENT OF CONDITION AS BEAL ESTATE LOANS
AND THE REMAINDER AS BUSINESS LOANS. AS OP 9 / 3 0 / 8 1 , AVERAGE DOMESTIC ASSETS CF 4 8 LARGE BANKS WEBB $12.1 BILLION
AND ASSETS OF THE SMALLEST OF THESE BANKS WERE $2.3 B I L L I O N . FOB ALL IMSOBED BANKS, TOTAL DOMESTIC ASSETS
AVERAGED $111.0 M I L L I O N .
1/

AVERAGE MATURITIES ARB 8SIGHTED BY LOAM VOLUMES EXCLUSIVE OF LOAMS WITH MO STATED MATURITY (DEMAND LOAMS).

2/

THE APPROXIMATE COMPOUNDED AMMUAL INTEREST RATE ON BACH LOAM I S CALCULATED FROM SURVEY DATA ON THE STATED RATE AND
OTHER TERMS OF THE LOAM; THEM, IM COMPUTING I B B AVERAGE OP THESE APPROXIMATE EFFECTIVE BATES, EACH LOAM I S
WEIGHTED BY I T S DOLLAR AMOUNT.

3/

THE CHANCES ARB ABOUT 2 OUT O r 3 THAI THB AVERAGE RATE SHOMM WOULD DIFPBB BY LESS THAN T H I S AMOUNT FROM THE AVERAGE
RATE THAT MOULD BE POUMD BY A COMPLETE SURVEY OP LEMDIMG AT ALL BANKS.

4/

THE INTERQUARTILE RANGE SHOWS THE INTEREST RATE RANGE THAT ENCOMPASSES THB BIDDLE FIFTY PERCENT OF THE TOTAL DOLLAR
AMOUNT o r LOANS SAOB.




42.2
63.7
23.0

;s"o.
tun*
2
soars* or TKBBS or BAMK LEMDIBG
LOM6-TBTO COBBBBCIAL AMD XMDOSTBIAL LOANS (OTBBB TEAM COBSIROCTIOB A I D LAID D l f E L O P B E B T )

BAOI DQBI1IG PBB 1 - 6 ,

1982

S I 8 B CLASS OB LOAM ( I B XBOQSAMDS)
$500-999

SI,000
AMD OTBB

$330,461
1,627
39.7

$184,046
274
43.0

$2,707,194
495
56.0

17.58
16.75-18.25

.12

16.93
.69
16.50-17.75

16.15
.46
15.75-17.00

32.9
26.9

61.9
44.6

76.0
67.1

S:S

4 8 LABGB BABES
$2,405,006
ABOOBT QT LOAMS (TBOOSABDS)
2,318
MOBBBB #
LOAIS
M E I G B I B D A f B R A G S BATOBITI (BOBTHS) ] /

$35,354
1,372
36.5

$106,741
460
38.5

$101,846
151
42.5

$2,161,065
335
57.2

16.12
BBIGHTBD. AfBBAGB I M I B R B S I BATE <%) 1 /
.37
SCAB OA BD BBBOB 1 /
15.75-16.99
IMTSBQOABTILB RAMGB 4 /

18.31
.05
17.50-19.27

17.21
.07
16.50-18.10

16.97
16.50-17.50

.21

15.99
.37
15.75-16.87

73.7

75.8
55.8

81.7
78.0

85.9
81.5

72.7
67.1

SI,136,671
19,851

$284,623
18,401
31.0

$223,720
1,167
40.3

$82,200
123
43.6

$546,129
160
51.2

17.58
.29
16.50-18.39

19.15
.58
17.23-19.57

17.76
.09
17.50-18.39

16.89
.65
15.75-18.17

16.12-18.00

60.8
48.1

27.6
23.3

52.4
28.7

63.6
49.2

68.8

3.510SIZES
ALL B A B K & j
ABOOBT g f XOAMS (THOOSAMDS)
•
$3,541,678
BOBBBB O F LOABS
i f
« ;
22,169
BBIGHTBD AfBBAGB HATORITT ( B O M B S ) 1 /
51.fr

<319,977
19,773
31.6

16.59
.47
16.12-17.50

19.06
.59
17.23-19.57

69.5

61.6

M B I G B $ » # f B B A G B I B I M S S I RATE ( $ )
s i A M l t o BBBOB 3 /
I B T e i ^ A S T I t i aABCI a /
V

j /

P B B C B i S A M o r ABOOBT OF LOAMS:
BIXBJJTTOATIMG BATE
B A D £ j^MPER COBBITBBBt

PERCENTAGE OF ABOOMX OF LOAMS:
B I I B F L O A I I B G BATE
BAD* OBDBR COBBITBBBT
OTBBB BABKS
ABOOBI O r LOABS (THOOSAMDS)
MOBBBB O r LOABS
HBlGBTBD ATBBAGB B A T O B I T I (BOBTBS)
MBIGBTBD AfEBAGB IBTBBEST BATE (X)
STAMDABD BBBOB j /
IBTBBQOABTILB BABGB 4 /
PBBCBMTAGB OF ABOOBT OF LOABS:
B I T B F L O A T I I G BATE
BADE OMDBB COBBITBEBT

68.0

1/
2/

16.79

.26

81.1

BOTE: TBB SORBET OF TBBBS OF BAMK LEMDIMG I S TAKEM OF ABOOT 3 4 0 BABKS SELECTED TO BEPRBSEBT ALL S I Z E S OF BANKS. THE SABFLS
DATA ABB COLLECTED O f B B OMB BOSIMBSS WEEK AMD USED TO ESTIMATE LBHDIBG TERMS AT ALL IBSUBBD COAHERCIAL BABKS. SHOfiT
TERfl LOABS B A f B OBIGIBAL B A T O B I T I E S OF L E S S TBAB OBB I E A R , AMD LOBG TERM LOABS HAfB B A T Q B I I I E S CF ONE TEAR OR MORE.
COBSIROCTIOB AMD LAMD DEfBLOPBEBT LOABS IMCLODB BOTH OBSBCOBED ABD LOAMS SBCOBBD B I REAL ESTATE. I H O S , S 0 3 B
OB TBB COMSTBOCTIOM AMD LAMD DSf BLOPtlEBT LOABS WOULD BE BBPOBTBD OB I B B STATEBBMT OP COBDITIOB AS REAL ESTATE LOAMS
AMD TBB BBBAIBDBB AS BOSIBBSS LOABS. AS O r
9 / 3 0 / 8 1 , AfEBAGB DOBBSTIC ASSETS OF 4 8 LABGE BABKS WERE $ 1 2 . 1 BILLION
AMD ASSETS OF TBB SBALLBST OP THESE BAMKS BBBE $ 2 . 3 B I L L I O M . FOB ALL IMSOBBD BABKS, TOTAL DOBBS1IC ASSETS
AfBBAGBD $ 1 1 1 . 0 M I L L I O N .
1/

AFEBAGB B A T O B I T I E S ABB 8BIGHTBD BT 10AM f O L O B X S .

2/

THE APPBOXIBATB COHPOQBDBD AMMOAL IBTBBEST BATE OM BACB LOAM I S CALCOLATBD FBOB S O B f B I DATA OB THE STATED BATE ABD
OTBBB TBBBS OP TBB LOAB; TBBB, I B COBPOTIBC THE AfEBAGB OF THBSB APPBOXIBATB E P F E C T I f E BATES, EACH LOAM I S
WBIGBTBD B I I T S D O U A B ABOOBT.

1/

THE CBAMCJS ABB ABOOT 2 OOT O f 3 TBAT TBB AfEBAGB BATE SBOMB BOOLD D I P P B B B I L E S S TBAM T H I S ABOOBT FBOB TBB AVERAGE
RATE TBAT BOOLD BB KHIBD B I A COBPLSTB S O B f B I 0 f LEMDIMG AT ALL BABKS.

S/-

T B B l B X B B Q O A f i T I L B B A B G B i S B O B S T B B I B X X B B B T BAXB BABGB THAI BMCOBPASSBS TUB MIDDLE
ABOOMT OP LOAMS BADE.




F I F T I PBBCBBT OF I B B TOTAL DOLLAR

TABLE 3
SURVEY OF TERMS OF SAriK I L t D I N G
CONSTRUCTION AND LAND DBVBL023EST LOANS (SECURED A NO UNSECURED AY S5A1 S S I A I E )

MADE DURING FEB 1 - 6 ,

1982

S I Z E CLASS OF LOAN ( I N THOUSANDS)
ALL
SIZES
LL 3ANKS
A S n t w r OF LOANS (THOUSANDS)
,
NU.i
<e :okns
• 4 2 1 * . I D AifSSAia 1ATUR1TY (MONTHS)
WBIGh:.-'
SIEBEST BATE ( * )
STAA.uA
-i/
I N T E R . U A H I L 2 3AWG8 4 /

$1,209,125
26,525
12.9

$112,588
16&202
7.8

$172,993
4,869
9.8

5285,350
3,865
13.4

$230,605
1,400
. 10.5

17.86
.55
17.27*19.25

19.90
.52
17.93-20.46

19.37
.55
18.33-20.17

18.84
.34
18.27-19.51

8.75-18,54

52.3
87.3
50.9

19.5
56.8
55.4

59.8
85.5
26i 1

1/
1/

PERCENTAGE OP 180OUT OP L O A l S l
WITH FLOATING HATE
SBCCBED BT 8SAL ESTATE
HIDE ONDEH COMMITMENT
MADE FOB COBSTBOGTIO*
1 - 4 FAMILY
HOLIIFAMILY
•ONBESIDBNTIAl
H U H HO SIATSD MATUBITY
4 8 LABGB BASKS
AMOUNT OF LOANS (THOUSANDS)
NUMBER OF LOAMS
WEIGHTED AVERAGE MATURITY (MONTHS)
WEIGHTED AVERAGE INTEREST BATE (X)
STANDARD EBBOB j /
INTERQUARTILE BANGE 4 /

100.0
30.0
13.3
56.6
4.6

WEIGHTED AVERAGE INTEREST BATE (%)
STANDARD EBBOB 1 /
INTBBQOABTILE RANGE 4 /
PERCENTAGE OF AMOUNT OF LOANS:
WITH FLOATING BATE
SECURED BY REAL ESTATE
MADE UNDER COMMITMENT
BADE FOB CONSTBUCTION
1 - 4 FAMILY
HULT1FAMILY
NONRESIDENTIAL
WITH NO STATED MATURITY

100.0

100.0

1.8
62.8
10.8

70.8
4.4

24.8
3.7

35.4

27.5

1.6

74.4

$3,497
362
8.9

$4,605
124
7.1

$6,014
83
7.9

$36,592
171
10.9

17.89
.07
17.25-18.53

19.02
.07
18.26-20.00

18.98
.08
18.13-19.56

19.23

18.44

.25-20.25

18.00-19.41

70.5
80.7
87.8
100.0
7.3
12.9
79.8
.1

93.4
94.2
90.5

96.1
96.3
93.8

97.8
93.0

95.0
89.1
86.9

•20

83.7
75.0

17.3
*3.3 •
39.4
7.8

12.6

2/

66.8

51.5
94.951,8

100.0

.11

$407,589
„ 189
.
16.3,

i7.de,
.37
17,23-18.27

1.61

40.6
99.3

28.8
100.0

->

14.83-

3325,039
840
1/

100.0

II
""3
17.25-t»il
;ta

PBBCBNTAGE OF AMOUNT OF LOANS:
H U B FLOATING BATE
SECDBBD BY BEAL ESTATE
MADE ONDEB COMMITMENT
MADE FOB CONSTBUCTION
1 - 4 FAMILY
HOITIFANILY
10NMSIDEMTIAL
H U B NO STATED MATURITY
OTHER BANKS
AMOUNT OF LOANS (THOUSANDS)
NUMBER OF LOANS
8BIGHTED AVERAGE MATURITY (MONTHS)

$500
AND OVER

100.0

100.0

100.0

: 8:1
87.8

100.0

16.7
56.5
1.5

$168,388
4,745
9.9

$279,337
3,782
13.6

$194,014
1,229
10.4

$133,256
89
23.4

19.93
.51
17.98-20.46

19.38
.54
18.83-20.17

18.83
.27
18.27-19.51

14.15
1-60
1.75-18.13

17.53
,
-36
16. 75-18.27

17.1
55.6
54.3
100.0
35.8
1.2
63.0
11.0

58.8
85.2
24.3
100.0
27.6
1.2
71.2
4.4

39.
9 9 . .4
2 7 .. 5
.0
7 5 . .4
5
24. 1
3 .,8

13.2
96.0
45.2
100.0
17.7
48.7
33.5
9.3

68.7
93.6
48.7
100.0
6.7
15-2
78.1
5.5

55.0
4.9

$884,085
25,685
13.0

$109,091
15,840
7.8

17.85
.54
17.74-19.51
45.6
89.7
37.3
100.0
38.4
13.5
48.1
6.3

2/

26.8

14.7
14.6
70.7
.0

25.0
18.4
56.7
4.7

1/

88.6

100.0

»

24.8

20;2

5.4
12.4
82-2

.0

NOTE: THE SURVEY OF 2EEMS 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 ARE COLLECTED OVER ONE BUSINESS HEBK 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 OB 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 / 3 0 / 8 1 , AVERAGE DOMESTIC ASSETS OF 4 8 LARGE BANKS HERE $12.1 BILLION
AND ASSETS OF THE SMALLEST OF THESE BANKS WERE $2.3 B I L L I O N . FOR ALL INSURED BANKS, TOTAL DOMESTIC ASSETS
AVERAGED $111.0 MILLION.
1/

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

2/

THE APPROXIMATE COMPOUNDED ANNUAL INTEREST RATE ON EACH LOAN I S CALCULATED FROM SURVEY DATA ON THE STATED RATE AND
OTHER TERMS OF THE LOAM; THEN, IN COMPUTING THE AVERAGE OF THESE APPROXIMATE EFFECTIVE BATES, BACH LOAN I S
WEIGHTED BY I T S DOLLAR AMOUNT.

(DEMAND LOANS).

3/

THE CHANCES ARE ABOUT 2 OUT OF 3 THAT THE AVERAGE RATE SHOWN WOULD DIFFER BY LESS THAN T H I S AMOUNT FROM THE AVERAGE
SATE THAT WOULD BE FOUND BY A COMPLETE SUBVEY OF LENDING AT ALL BANKS.
THE INTERQUARTILE RANGE SHOWS THE INTEREST BATE RANGE THAT ENCOMPASSES THE MIDDLE FIFTY PERCENT OF THE TOTAL DOLLAR
AMOUNT OF LOANS HADE.




TABLE 4
SUBVElf OF TERMS Of BANK LENDING
LOANS TO FASMESS MADS•DURING FEB 1 - 6 ,

1982

S I Z E CLASS OF 1 0 A 1
ECU**
; •#"
»> -'U. J
~y.-»
ALL BANKS
A H O W - t * LOANS (MOUBANDS) ^ ,
TOflfeBB OF LOAMS- *
^1 J
e H t B l B D A f B B A G E V b A I U B I I I (BOlltBS)

$1,266,037
57,806
7.1

1/

W M r t t B D AVERAGE M T B R B S T BATE ^%) j /
•IfAIDAHO B & E 0 * 2 /
h
1
t # f c B % f O A B t o i * - RIMOB l y
v
B I PURPOSE OF LOAM:
| S E D E B LIVESTOCK
>0*1BEH LIVESTOCK
HEB < O B B E N r OPERATING* EXPENSES
M HA C H I * E M AMD B Q U I M 1 S T
'BBB
v.-vii
v.OOi

$138,005
36,774

*166,9*7

11,122
8.3

1164,173
4,955
7.5

$194,427
2,920
7.5

1216,317
1,655
6.3

$386,208
380
6.9

17.65

17.33
.25
16.64-18.27

17.67
.21
17.18-18.27

17.66
.43
16.75-*8.52

17,63
.57
17.18-18*27

17.88
.39
17.50-16.47

6.2

16.65-18*54

17.57
17.42
17.66
17.93
17.85

17.42
16.78
17.29
17.42
17.85

17.82
17.50
17.53
17.11
18.35

17.31
18.17
17.48
19.04
17.20

18.05

17.38

17.96
17*58
17.38
17.86

17.44

18.29

17.70

17.98

47.1
29.1

23.5
24.0

26.2

31.3

28.9

22.6

38.9
34.S

53.0
21.3

72.2
35.5

17.2
5.5
49.2
8.5
19.1

9.1
7.5
59.1
15.6

16.4

24.7

7.0
37.0
19.0
15.2

55.0

39.5

8.6

14.2
3.7
53.2
11-0
17.8

18.2

67.6
10.5
6.5

25.0

27.4

$436,742
3,948
5.9

$7,230
1,724
7.0

$14,423
957
6.6

$14,783
432
7.8

$20,823
315
6.7

$36,427
247
5.8

$345,055
273
5.7

17.97
.30
17. 5 0 - 1 8 . 5 4

18.30
.14
17.50-19.12

18.15
.13
17.25-18.97

18.03
.12
17.41-18.68

17.73
.11
17.08-18.47

18.22
• 31
17.45-18.81

17.95
.36
17.50-18.54

4 17.49
17.35
18.31
17.31
18.00

18.08
18.44
18.24
18.39
18.49

18.10
17.91
18.20
18.03
18.13

18.36
18.09
18.11

*

18.47

17.38

17.70

18.15

18.41

17.81

17.97

18.17

17.98

70.7
40.3

59.8
51.3

65.3
59.1

72.6
53.1

78.0
65.4

87.5
76.2

33.4

24.3
2.4
42.3

60.6

29.1

9.1
19.4

.ABgfc- BAMKS 5 /
AHtlrftftr O f LOANS (THOUSANDS)
MOB|BB OF LOAMS
1/
2/

IS

PERCENTAGE OF AMOONT OF LOAV
• WITH FLOATING. 1 1 T B
M
MADE OMDB1 COMMITMENT
; B T EORPOSB OFI L O I N :
?>,. ;
FEEDER LIVESTOCK
v -<MTL6R LIVESTOCK
OTBEB CURRENT OPERATING EXPENSES
FARM MACHINERY AND EQUIPMENT
OTHER
OTHER BANES 5 /
AMOUNT OF LOAMS (THOUSANDS)
NUMBER OF LOANS
WEIGHTED AVERAGE MATURITY (MONTHS)

$250
AMD OVER

17^68
.39
-18.39

* S * & S * 1 G B OF tAMOONT OF L 0 A H 6 :
FLO ATI I© *ATB
tfAbE UNOBB COMMITMENT
V
B t FOSPOSE OF LOAM:
PEEDEB LIVESTOCK
' tigtoB L I V B S f b C R *
' t U
o f BBB COBBEirr OPSfiATIMG EXPENSES
>1BM MACHINES* AND EQUI*«BMI
OTHEB

' StilMDABD BBBOB j /
v I»*EBQ0ABTI1>E RANGE 4 /
" BT PURPOSE OF W A N :
FEEDBB LIVESTOCK
X)THBB LIVESTOCK
OTBEB CURRENT OPERATING KXPEN
FARM MACHINERY AND EQUIPMENT
OTE1B

( I N THOUSANDS)

ALL
sizBS

2.0

.28

18.16

9.2

6.2

5.3
5.4

8.0

20.0

27.6

60.3

50.5

38.6

22.6

26.0

30.6

8.6

4.2
60.9
5.3

9.3
56.4

21.6

$827,295
53,858
7.6

$130,774
35,050

6.2

$152,485
10,165
8.4

$149,390
4,523
7.4

$173,603
2,605
7.6

$179,890
1,408
6.4

17.52
NEIGHTBD AVERAGE INTEREST BATE (X) 2 /
.24
STANDARD ERROR 3 /
INTERQUARTILE RANGE 4 /
17.00 -18.27
BY PURPOSE OF LOAN:
17.65
FEBDEB LIVESTOCK
17.43
OSBBB LIVESTOCK
17.39
OTHER CURRENT OPERATING EXPENSES
17.99
FARM MACHINERY AMD EQUIPMENT
17.70
OTHER • - -

17.62
.23
1 6 ., 6 4 - 1 8 . 5 0

17.25
.21
16.64-18.26

17.64
.17
17. 18-18.26

17.65
.41
16.64-18.50

17.51
.47
1 7 ,. 1 8 - 1 8 . 2 7

18.16
17.93
17.55
17.34
17.75

17.36
16.72
17.20
17.40
17.77

17.79

17.27

17.47
17.10
18.42

17.44
19.12
*

34.6
23.2

21.5
22.5

22.5
26.0

27.2
19.6

34.2
30.7

13.4
7.2
52.8
11.9
13.8

9.4
6.3
68.0
10.5
5.8

9.2
7.9
59.0
16.b
7.4

14.8

19.6

52.8
11.7
17.5

34.2
20.6
*

1/

PERCENTAGE OF AMOUNT OF LOANS:
B I T B FLOATING BATE
MADE UNDER COMMITMENT
BY PURPOSE OF LOAN:
FEEDER LIVESTOCK
OTHER LIVESTOCK ;
OTHER CURRENT OPBBATING EXPENSES
FARM MACHINERY AND EQUIPMENT
.• • OTHER •' 1

17.31
*

*

46.1
10.1

55.9
*

NOTE: THE SURVEY OF TERMS OF BANK LENDING TO FABMEBS COVERS ABOUT 2 5 0 BANKS SELECTED TO REPRESENT ALL, S I Z E S OF BANKS.
THE SAMPLE DATA ABB, COLLECTED OVER ONE BUSINESS1 SEEK AND USED TO ESTIMATE I LENDING TERMS AT ALL INSURED COMMERCIAL
LOANS OF LESS THAN $ 1 , 0 0 0 ABB EXCLUDED FBGH
BANKS. LOANS SECURED BY REAL ESTATE, PURCHASED LOANS, FOREIGN LOANS,
THE SURVEY.
1/

THE WEIGHTED AVERAGE K i l ' J R l T Y I S CALCULATED ONLY FOR LOANS WITH A STATED DATE OF MATURITY (THAT I S ,
OM DEMAND ARE EXCLUDED). I N COMPUTING THE AVERAGE, EACH LOAN I S SEIGHTED BY I T S DOLLAR AMOUNT.

1/

THE APPROXIMATE COMPOUNDED ANNUAL INTEREST BATE ON EACH LOAN I S CALCULATED FBOM SURVEY DATA ON THE STATED BATE AND
OTHER TERMS OF THE LOAN; THEN, I N COMPUTING THE AVERAGE OF THESE APPROXIMATE EFFECTIVE BATES, EACH LOAN I S
NSIGHTED BY I T S DOLLAR AMOUNT.

3/

THE CHANCES ARE ABOUT 2 OUT OF 3 THAT THE AVERAGE RATE SHOilN WOULD DIFFER BY LESS THAN T H I S AMOUNT FBOM THE AVERAGE
RATE THAT MOULD BE FOOND BY A COMPLETE SURVEY OF LENDING AT ALL BANKS.

4/

THE INTERQUARTILE RANGE S H 0 8 S THE INTEREST RATE RANGE THAI ENCOMPASSES THE MIDDLE FIFTY PERCENT OF THE TOTAL DOLLAR
AMOUNT OF LOANS MADE.

5/

HOST "LARGE BANKS" (SURVEY STRATA 1 TO 3) HAD OVER $ 5 0 0 MILLION I N TOTAL ASSETS AS OF 9 / 3 0 / 8 1 ; THE SMALLEST
BANK SURVEYED I N T H I S GROUP HAD TOTAL ASSETS OF $ 4 6 8 M I L L I O N . MOST "OTHER BANKS" (SURVEY STRATA 4 TO 6)
HAD TOTAL ASSETS BELOB $ 5 0 0 MILLIOB; THE LARGEST BANK SURVEYED IN T H I S GROUP HAD TOTAL ASSETS Or $ 5 5 4 MILLION.
* FEWEH TEAM 10 SAMPLE LOANS.




68.8

LOANS PAYABLE

*