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FEDERAL RESERVE statistical release For Immediate Release Octdber 15, 1981 SHORT-TERM COMMEPCIAL AN!) I S D O S r » I A L LOANS TABLE 1 S U R V E Y OF T E R M S O F B A N K L E N D I N G (OTHER T H A N C O I S T R O C T I O N AN!) L A N D D E V E L O P M E N T ) S I Z E CLASS OF LOAN 3- 3, A M O U N T OF L O A N S (THOUSANDS* S O M B E P OF L O A N S W E I G H T E D A V E R A G E M A T O P I T T (MONTHS) $24,597,283 165,324 1/ 1.6 WEIGHTED AVERAG* TNTERBST STANDARD ERROR 3 / INTERQUARTILE RANGE 4/ RATE $641,885 21.11 .17 20.37-22.00 20.76 .32 18.81-22.93 21.18 34.5 50.9 18.5 $674,174 10,549 3.1 $2,112,392 11,494 3.4 $769,926 3.2 1.2 21.37 .24 19.99-22.86 21.85 21.06 18.81-23.16 21.36 .44 19.56-23.25 25.2 24.7 39.0 26.4 10.9 48.0 38.7 23.1 59.3 49.1 21.7 118,070,662 16,194 1/ 1.1 <66,396 6,564 3.6 172,840 2,193 3.3 $117,179 1,804 3.6 $533,710 2,643 3.4 $360,927 566 3.3 $16,919,610 2,425 .9 \/ 21.11 .14 20.37-21.82 22.85 22.52 21.74-24.47 22.00-24.18 21.50-23.77 22.31 .06 21.25-23.52 21.73 .19 20.50-22.85 ?1.03 .13 20.35-21.75 62.9 48.1 14.8 70.1 54.0 19.7 75.4 26.1 73.4 60.5 27.3 74.9 50.8 17.2 36.8 25.2 50.1 16.4 $6,526,621 149,130 3.1 $759,827 112,017 3.0 $569,045 17,919 3.5 $556,995 8,745 3.0 $1,578,682 8,851 3.4 $408,999 646 3.1 $2,653,073 951 3.0 %/ 21.12 .10 19.99-22.54 20.59 - 30 18.54-22.71 20. 96 .36 18.68-22.71 .42 19.56-22.93 21.12 21.05 .22 19.90-22.66 21-96 .17 21.00-22.93 20.50-22.14 51.8 50.9 22.3 21.9 35.0 22.9 9.8 42.2 34.0 22.5 54.6 45.3 19.8 69.1 72-0 29.0 68.7 29.5 P E R C E N T A G E OF A M O U N T O F L O A N S : WITH F L O A T I N G R A T E M A D E UNDER C O M M I T M E N T W I T H NO S T A T E D M A T U R I T Y WEIGHTED AVERAGE INTEREST RATE S T A N D A R D FPROR 3 / INTERQUARTILE RINGS 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 FLOATING B A T E MADF UNDER COMMITMENT WITH HO STATED MATURITY 28.2 OTHER B A N K S A M O U N T OF L O A N S (THOUSANDS) N U M B E R OF L O A M S 9 E T G H T E D A V E R A G E M A T U R I T Y (MONTHS) WEIGHTED AVERAGE INTEREST RATE STANDARD ERROR J / 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 FLOATING R A T I MADE UNDER COMMITMENT W I T H NO S T A T E D M A T U R I T Y (%) A N D OVER $826,223 119,581 3. 1 («) 2 / 49 L A B G E B A N K S AMODNT OF LOANS (THOUSANDS) NUMBER O ? LOANS W E I G H T E D A V E R A G E M A T U R I T Y (MONTHS) 1981 $1,000 ALL SITES ALL BANKS NOTE: HADE DURING AOG (IN T H O U S A N D S ) 1/ 22.73 .09 22.6 8.2 20,112 3.5 .37 .08 .12 61.0 1,212 .26 20.84-22.85 $19,572,683 3,376 .17 20.37-21.76 71.8 30.1 52.6 8:1 18.2 66.1 21.21 .10 T P F S U R V E Y OF T E R M S OF B A N K L E N D I N G I S T A K E N O F A B O U T 3 4 0 B A N K S S E L E C T E D T O R E P R E S E N T ALL S I Z E S O F B A N K S . T H E S A M P L E DATA A R B C O L L E C T E D O V E R O N E B U S I N E S S W E E K A N D U S E D TO E S T I M A T E L E N D I N G T F R M S AT A L L I N S U R E D C O M M E R C I A L B A N K S - S H O R T T F R M L O A N S H A V E O R I G I N A L M A T U R I T I E S O F L E S S T H A N O N E Y E A R , A N D L O N G T E R M L O A N S H A V E M A T U R I T I E S OF O N E YEAR O B M O R E . C O N S T R U C T I O N A N D L A N D D E V E L O P M E N T L O A N S I N C L U D E B O T H U N S E C U R E D A N D L O A N S S E C U R E D BY R E A L E S T A T E . T H U S , S O M E OF T H E C O N S T R U C T I O N A N D L A N D D E V E L O P M E N T L O A N S W O U L D B E R E P O R T E D ON T H E S T A T E M E N T O F C O N D I T I O N A S REAL E S T A T E L O A N S A N D T H E R E M A I N D E R AS B U S I N E S S L O A N S . AS O F 3/31/81, A V E R A G E DOMESTIC ASSETS OF 48 LARGE BANKS WERE $U.4 BILLION A M D A S S E T S O F T H E S M A L L E S T O F T H E S E B A N K S W E R E $2.2 B I L L I O N . FOR A L L I N S U R E D B A N K S , T O T A L D O M E S T I C A S S E T S A V E P A G B D $IQ6.3HILLION. 1/ AVERAGE MATURITIES 2/ T H E A O P B D Y I H A T E C O M P O U N D E D A N N J A L I N T E R E S T R A T E ON E A C H L O A N I S C A L C U L A T E D F R O M S U R V E Y DATA ON T H E S T A T E D R A T E A N D O T H W R T E R M S O F T H * L 3 1 S ; T H E N , IN C O M P U T I N G T H E A V B B A G B O F T H E S E A P P R O T I M A T E E F F E C T I V E R A T E S , E A C H L O A N I S B S I G H T E D BY I T S D O L L A R A M O U N T . A B E W E I G H T E D BT L O A N V O L U M E S E X C L U S I V E O F L O A N S W I T H 3/ FHB CHANCES ARB ABOUT 2 OUT OF 3 THAT THE AVERAGE RATE SHOWN WOULD DIFFER B A T E T H A T W O U L D B E F O U N D BY A C O M P L E T E S U R V E Y O F L E N D I N G A T I L L B A N K S . %/ THE INTERQUARTILE R A N G E SHOTS IBB INTEREST BATE R A N G E THAT ENCOMPASSES THE MIDDLE FIFTY AMOUNT OF L O A N S HADE. NO S T A T E D MATURITY BY L E S S T H A N T H I S (DEMAND LOANS). A M O U N T FBOM THE AVERAGE PERCENT OF THE TOTAL D O L U S 61.6 October 15, 1981 LONS-TEEA COBBERCIAL RHD INDUSTRIAL LOANS TABLE 2 SURVEY 3F TERMS OP B A N K LENDING (OTIER T H A N C O N S T R U C T I O N A N D L I I D DEVELOPMENT) SITE CLASS OP LOAN WEIGHTED AVERAGE INTEREST RATE STANDARD ERROR 3 / INTERQUARTILE RANGE 4/ *313,708 1,841 39.2 1189,351 20.62 .21 20.50-21.50 19.77 .58 17.50-21.94 20.70 .56 19.56-22.25 21.45 . 51 20.50-23.52 20.50-21.11 79.2 75.1 31.3 23.4 68-8 44.8 80.3 77.9 85.7 83.9 $2,721,847 2,110 $38,04A 1,481 37.3 $105,091 477 41.6 $108,604 156 48.8 $2,470,104 296 20.81 21.28 21-18 .33 2».m (T) \ F PERCENTAGE OF AMOUNT OP LOANS: WITH FLOATING RATE B A D E IMIDFBR C O M H T T B E N T 48 L A R G E B A N K S " ABOONT OP L O A N S (THOUSANDS) NUMBER CP L O A M S W E I G H T E D A V E R A G E M A T U R I T Y (BONTHS) WEIGHTED AVERAGE INTEREST RATE STANDARD ERROR 3 / INTERQUARTILE RANGE 4/ PERCENTAGE OP ABOONT OF WITH FLOATING BATE BADE UNDER COBBITHENT (*) AND OVER *344,172 19,603 26.9 13,889,453 22,151 54.9 1/ 1/ .07 20;50-21.34 .04 19.86-23.00 21.54 .13 20.50-22.50 85.6 83.1 67.8 51.4 $1,167,605 19,741 $306,124 £/ WEIGHTED AVERAPS INTEREST RATE STANDARD ERSOP 1 / TNTERQUABTILE RANGE 4/ NOTE: $3,042,222 425 60.1 20.65 ^ .62 62.6 .07 20.50-22.00 20.50-21.25 8A.5 76.2 80.5 86.0 $80,747 81.1 1/ 25.6 $208,617 1,363 38.0 (1) % / 19.58 .58 17.50-21.94 .54 16.75-22.00 .39 20.50*23.75 5P.8 28.9 73.6 20.17 .20 18.97-21.50 18,122 PERCENTAGE OF ABOONT OF LOANS: WITH FLOATING RATE BADE OBDER COHBITBENT 282 48.7 LOANS: OTHER BANKS ABOONT OP LOANS (THOOSIBPS) NTHBE9 OF LOANS W E I G H T E D A V S R A G S B A T U R I T Y (BONTHS) 1981 $1,000 ALL SIXES ALL B A R K S ABOUNT OF LQABS (THOUSANDS) B O B B E R O P ,LOAMS W E I G H T E D A V E R A G E B A T U B T T Y (BOBTHS) DURING AUG 3- 8, BIDE (IN T H O U S A N D S ) 64.3 56.5 20.28 26.8 19.9 126 48. 5 84,0 $572,118 129 49.6 , 21.81 20.22 .61 20.50-21.00 80.0 84.2 83.8 T H E S U R V E Y OF T E R E S OF B A N K L E N D I N G IS T A K E N OF ABOUT 340 BANKS S E L E C T E D TO R E P R E S E N T ALL S I Z E S OP BANKS. IRS 4 A B P L S D A T A A S S C O L L E C T E D O V E R O N E B U S I N E S S W E E K A N D U S E D T O E S T I B A T E L E N D I N G T E R M S A T A L L I N S U R E D C O H P B R C I I L B A H K S . SFFORT TEPM L O A N S H A V S O R I G I N A L M A T U R I T I E S OF L E S S THAW ONE T E A R , A N D LONG TERB L O A N S H A V E BATURITIBS.OF ONE TEA* O B SOREC O N S T R U C T I O N A N * L A N D D E V E L O P M E N T L O A N S I N C L U D E B O T H U N S E C U R E D A N D L O A N S S E C U R E D BY R E A L E S T A T E . T H U S , 5 0 H B O F T H E C O N S T R U C T I O N A N D L A N D D B V E L O P H B N T L O A N S W O U L D BE R E P O R T E D O N T H E S T A T B B B B T O F C O N D I T I O N A S REAL E S T A T E L O A N S A N D T H E B B F A I N D F P A S B U S I N E S S L O A N S . AS O F 3 / 3 1 / 8 1 , A V E R A G E D O M E S T I C A S S E T S O F 48 L A R G E B A N K S W E R E $ U . 4 B I L L I O N A N D A S S E T S O P T H E S M A L L E S T O P T H S S S B A W K S W E R E $ 2 . 2 B I L L I O N . FOR A L L I N S U R E D B A N K S , T O T A L D O B B S T I C A S S E T S A V E R A G E D $106.3HILLIOM. 1/ AVERAGE MATURITIES ARB WEIGHTED BY LOAN VOLUMES. 2/ T H E APP<TOTXHATB C O H P O U N O E D A N N U A L I N T E R E S T R A T E O N E A C H L O A N I S C A L C U L A T E D * F R O M S U R V E Y ; D A T A ON T H E S T A T E D - B A T S A N D O T H E R T E R M S O F T H E L O A N ; T H E N , I N C O M P U T I N G T H E AVSBAGF. O P T B B S E A 7 P S 0 Y I B A T E S F P S C V E B A T B S , E % C B L 0 1 N I S , . WEIGHTED BY ITS DOLLAR AHOUNT. \F THE CHANCES APS ABOUT 2 O U T OF 3 THAT T B S AVERAGE RATE SBOMM MOULD DIFFER«BY LESS THAN THIS B A T E T H A T W O U L D BE P O U N D BY A C O M P L E T E S U R V E Y O F LENDING A T ALL B A B K S ~ , .. I , . 4/ ''-•' T H E I N T E R Q U A R T I L E PA M G S S H O E S T H S T N T S B E S T R A T E R A W S A M O U N T OF L O A M S BADS. •" T c- ,•? * i m l A B O U M T P»OI* - T H B , A F B S I G E ' A 1- •», r)«o» g n - « • * T*~yr T H A T E N C O M P A S S E S - THE- M I D D L E F-IFTY P E I C B N T O F - T H B * T O T A L D O L L A H .'.4', t i ifTAT **032 32*4 ; i T»f r -• «s '• , lug**?#? October 15, 1981 - TABLE 3 SORYBY OF TERMS OF BARE LENDING CONSTRUCTION AND LIHD DBYBL3PMBNT LOANS (SECURED AND UNSECURED BY HEAL ESTATE) BADE DURING AUG 3- 8, 1981 SIZB CLASS OF LOA* (IB TBOUSANDS) SIZES ALL BANKS ABOONT OF LOANS (THOUSANDS) 11 ,253,985 BOBBER OF LOANS 18,932 NEIGBTED ATEBAGB HATORITT (BOBTHS) 1/ 8.7 11-24 125-49 150-99 1100-499 ABD OYER 194,295 11,067 8.6 1160,298 4,048 2.1 1109,325 1,454 6.1 1508,226 2,110 6.5 *385,840 253 15.7 NBIGHTBD ATBBAGE INTEREST RATE (1) 1/ 20.26 STANDARD ERROR 3/ .56 TNTBRQDABTILB BAN1E 4/ 18.00-22.50 20.34 .65 17.81-23.11 20.03 83 18.39-22.06 19.80 1.00 17.85-22.39 19.23 1.15 16.50-21.19 41.1 96.7 54.6 100.0 78.6 3.4 18.0 9.4 14.7 87.6 46.1 100 .0 56 .6 1.5 41.9 3.0 31.6 94.9 36.9 100.0 26.1 55.6 18.3 57.8 25.9 96.7 25.3 100.0 6.6 35.3 58.2 2.7 85.5 90.2 75.5 100.0 1410 15.0 71.V20.2 96,815 6*3 7.2 17,423 209 7.2 112,424 175 7.7 162,523 311 9.7 1166,933; 105 14.3 23.57 .It 22.50-24.97 22.91 22.50-24.36 . 26 23.08 .35 22.50-24.23 22.08 .03 22.00-23.72 92.6 89.6 91.6 100.0 23. 1 15.0 61.9 .0 94.4 83.5 94.5 100.0 25.6 15.8 58.6 2.0 89.4 81.9 89.8 100.0 14.0 10.8 75.2 3.7 87.7 80.2 79.1 100.0 6.1 5.8 88.1 5.7 1445,703 1,799 1218,907 148 17.3 PERCENTAGE OF AHOONT OF LOANS: BITH FLOATING RAT? SECURED BY REAL ESTATE MADE UNDRB COMMITMENT MADE FOR CONSTRUCTION 1-4 FAMILY BULTIFA1ILY NONRESIDENTIAL NITB NO STATED BATURITY 44 4 93.4 46.6 100.0 22.3 24.0 53.7 13.3 *8 LARGE BANKS ABOOBT OF LOANS (TBOOSABDS* 1256,119 NUBBEB OF LOANS 1,«3 SI EIGHT ED ATBRAGE MATURITY (MONTHS) 1/ 12.4 NBIGHTBD AfBKAGB INTBBBST RATB (%) 2/ 21.89 S*ANDABO BBBOF If .23 INTERQUARTILE BANGS 4/ 21.25-23.00 PERCBRTAGE OF ABOOBT OF LOANS: BITH FLOATING BATE SECURED BY SEAL ESTATE BADE UNDER COBBITHEBT BADE FOB CONSTRUCTION 1-4 FAMILY MULTIFAMILY NONRESIDENTIAL WITH NO STATED MATURITY 88.8 81.4 83.2 100.0 10.0 8.3 81.7 4.8 OTHER BANKS ABOOBT OF LOANS (THOUSANDS) 1997,866 NOBBBB OF LOANS 17,489 NBIGHTBD AVERAGE HATURITY (HOBTHS) 1/ 7.6 BBIGHTBD AfERASE INTEREST RATE (S) g/ 19.84 STANDARD BRBOB 3/ .50 INTBRQOARTTLB RANGE 4/ 17.30-22.06 PERCENTAGE OF ABOOBT OF LOANS: BITH FLOATING BATE SECUBED BY REAL ESTATE MADE UNDEB COBBITHBNT MADE FOB CONSTRUCTIOB 1-4 FAMILY MULTIFAMILY NONRESIDENTIAL BITH NO STATED MATURITY 33.0 96.5 37.2 100.0 25.5 28.1 46.5 15.5 95.8 91.5 92.0 100.0 24.9 26.8 48.4 3. 4 187,480 10,425 $152,875 3,838 1.9 192,901 1,279 5.6 .63 17.81-23.11 20.08 19.89 .79 18.39-22.06 19.36 .94 17.85-21.55 36.3 97.1 51.6 100.0 82.8 1.6 15.6 9.9 10.9 87.5 43.8 100.0 58.2 .9 40.9 3.2 23.2 96.4 29.1 100.0 26.2 60.9 12.9 65.3 8.8 6.1 21.81 • 2-9? . 21i 27*22.71 21.61,, .25 20.75-22-70 18. 84 21*96 1.14 .13 16.50-18.95 21. 50-23-47 17.0 98.8 16.3 100.0 5.5 38.7 55.8 2.6 83.8 97.8 72.8 100.0 19.9 22.0 58.0 31.4 NOTE: THE SURTBY OF TERMS OF BANK LENDING IS TAKEN OF ABOUT 340 BANKS SELECTED TO REPRESENT ALL SIZES OF BANKS. TBE SABPLB DATA APE COLLECTED OVER ONE BOSINESS 8BEK AND USED TO ESTIMATE LENDING TEBRS AT ALL INSORBD COMMERCIAL BANKS. SHORT TERM LDA1S BATE ORIGINAL MATURITIES OF LESS TBAB ONE TEAR, AND LONG TBRS LOANS RATB BATUBITIBS OF ONE TBAB OR BORE. CONSTROCTION AND LAND DEVELOPMENT LOANS INCLODE BOTH UNSECURED ABD LOABS SECURED BT REAI, ESTATE. THUS, SORE OF TBE CONSTROCTION AND LAND DEVELOPMENT LOANS BOOLD BE REPORTED ON TBB STATEMENT OF CONDITION AS REAL ESTATE LOANS AND TBB REHAIBDEB AS BOSINESS LOANS. AS OP 3/31/81, AVERAGE DOMESTIC ASSETS OF 48 LARGE BANKS NERE 111.4 BILLION AND ASSETS OF THE SMALLEST OF THESE BANKS NEBS 12.2 BILLION. FOR ALL INSOBED BANKS, TOTAL.DOMESTIC ASSETS AVERAGED 806.3NILLIOB. 1/ AVERAGE MATORITIBS ARB NBIGHTBD BT LOAN VOLUMES BXCLOSIVB OF LOANS HITH NO STATED HATORITT (DEMAND LOANS). 2/ THE APPROXIMATE COMPOUNDED ANNOAL INTBBBST RATE ON EACH LOAB IS CALCOLATBD PROM SURVEY DATA ON THE STATED RATB AND OTHER TERMS OF THE LOAN; THEN, IN COBPOTIBG THE AVERAGE OF THESE APPROXIMATE EFFECTIVE RATES, BACB LOAN IS NBIGHTBD BY ITS DOLLAR AHOONT. 3/ THE CHANCES ABB ABOOT 2 OUT OF 3 THAT THE AVERAGE BATE SHORN 800LD DIFFER BY LESS THAN THIS AHOONT FROM THE AVBBAGB RATE THAT NOBLD BE FOUND BY A COMPLETE SORTET OF LENDING AT ALL BANKS. 4/ TBE INTERQUARTILE RANGE SHONS THE INTBBBST RATE RANGE THAT ENCOMPASSES THE MIDDLE FIFTY PERCENT OF TBE TOTAL DOLLAR AMOUNT OF LOANS BADE. October 15, 1981 C&SLB 4 SDRTBI OP tetlS 0? BABK LETDIIG L O U S TO PABHBBS BIDS DOBIBG 106 3- B, 1981 SIZB CLASS OP LOAB (II TBOOSABDS) ILL SIZBS $1*5,<118 40,267 5.6 BBIGHTBD ATOAGB IBTBBBST BATB (%) 2/ 19-57 STABDABD JMftOB 2/ -77 INTERQUARTILE RANGE 4/ 18*11-20.62 Bf P01POS* OP LOAN: PBBDBB LITESTOCK 19.63 OTHEB LIVESTOCK 19.88 OTHER C0BSBBT OPERATING EXPENSES 19.48 F1BB 8ACB1MBHI ABD EQUIPMENT 18.87 OTBBB 20.11 PBRCBBTAGB Pfg ABOOBT 0* LOABS: BITB PLOAflBG BATB BAD: OIDBf COBBITBBBT BI PURPOSE 0f LOAB: PBBDBB LIVESTOCK OTBBB LITBSTOCK OTBBB COBBPIT OPERATINGEXPENSBS PABE MACHINERY ABO BQOIPBBNT OTBBB c $250 ABO OVBl $1-9 ALL BABKS ABOOBT OF LOARS (TBOOSABDS) 1918,222 IDflBBB OF LOM?. 56,842 BBIGBTBD AVBB&GB MATURITY {MONTHS) 1/ 5.0 18.82 *38 17.72-19.82 19.43 19.45 18.68 18.46 19.00 $118,786 3,583 5.0 $143,410 2,209 6.2 $78,547 591 5*2 $288,779 369 "34 0 18.93 19.06 .72 . 44 17.96-20.23 17.72-19.90 19.60 .97 18.68-20.40 19.74 1.31 17.98-21.50 19.00-22.13 18.86 18.93 19.62 19.33 18.47 19.14 18.85 17.91 19.64 18.77 19.62 18.82 19.97 18.47 17.80 20.50 21.5 25.5 25.2 18.0 29.4 25.6 39.8 42.2 60.9 48.8 3S% $143,283 9,823 5.2 19.64 19.55 20.41 1.2* 35.6 33.0 17.4 27.5 6.3 49.1 6.4 10.6 61.0 12.0 15.8 3.9 54.6 11.6 14.2 35.7 3.4 45.6 4.9 10.4 25.0 13.1 46.4 9.3 9.4 6.5 64.1 9.7 10.3 LARGE BABKS |/ ABOOBT OP L9|NS (TBOOSABDS) $261,735 BOBBBB OP 3,037 WEIGHTED AVERAGE BATOBITT (BOBTBS) %/ 3.6 $5,326 1,313 5.4 $10,876 726 5.7 $13,568 414 5.6 $17,110 272 5.7 $21,853 154 5.5 $193,002 158 2.9 19.77 19.67 .24 17.83r22.00 20.04 .30 17.98-22.44 20.79 1.14 18.40-23.27 20.93 .90 18.39-22.75 20.72 20.64 19.53 20.14 19.77 22.12 21.93 18.69 19.74 21.38 20.17 20.77 85.7 73.9 56.4 62.4 65.8 70.7 69.0 81.6 68.4 69.9 88.4 84.7 90. ( 73. < 28.4 6.0 47.4 2.9 15.3 7.7 5.9 61.3 5.6 19.6 9.4 7.5 55.6 8.4 19.1 15.2 8.9 54.4 16.5 11.3 47.9 14.4 33. < 52.0 45.! 17.4 21.4 18.9 13. < $656,487 ABOONT OF LOABS (THOUSANDS) 53,805 BOBBER OF LOABS 5.4 BBIGHTBD AVERAGE BATOBITT (BOBTBS) 1/ $140,092 38,954 5.6 $132,407 9*097 5.1 $105,218 3,168 5.0 $126,300 1,938 6.3 $56,695 438 5.1 18.78 .31 17.72-19.82 19.01 .36 17.98-20.15 18.79 .64 17.72-19.82 19.42 .38 18.80-20.23 19.34 .63 17.99-20.57 19.39 19.42 18.65 18.43 18.93 19.43 19.61 18.81 18.69 19.67 19.01 19.54 19.06 16.85 19.46 15.7 16.6 16.1 15.7 17.9 21.8 11.4 17.9 24.1 19.6 27.2 6.5 49.8 7.7 8.8 10.4 7.5 61.0 12.2 8.9 9.4 6.4 64.8 9.8 9.6 15.8 38.3 54.6 12.6 45.3 10.3 7.4 BEI6HTBD AVERAGE I1TBBB T BATB (S) 2/ 20.79 STABDABO BBBOB j/ .72 IBTBBQOABTILB BABGB 4/ 18.13-22.79 BT POBPOSB OP LOAB: PBBDBB LIfBSTOCK 20.56 OTHZB LIVESTOCK 21.93 OTBBB CBBBBBT OPBRATIBG EXPENSES 20.59 PABB BACBIBBBT ABO BQOIPBBNT 19.56 OTBBB 21.62 PERCENTAGE OF ABOOBT OF LOABS BITH PLOATIBG BATE MADE ONDBB.COBBITBBBT BY POBPOSB OP LOAB: FEEDER LIVESTOCK OTBBB LIVESTOCK OTHER CBBBBBT OPERATING EXPENSES FARM BACHIBEBY AND EQUIPMENT OTHER .21 17.98-21.94 PERCENTAGE OP ABOOBT OF LOANS: BITH PLOATIBG RATE MADE ORDER COBMITBENT BY PORPOSE OF LOAN: FEEDER LIVESTOCK OTBBB LIVESTOCK OTHER CORRENT OPERATING EXPENSES FARM MACHINERY AND EQUIPMENT OTHER 1 • * * 9.3 . * 21.0 25.8 MOTE: TUB SURVEY OP TERMS OP BABK LENDING TO FARMERS COVERS ABOUT 250 BANKS SELECTED TO BBPBBSBBT ALL SIZBS OP BABKS. THE SAMPLE DATA ARB COLLECTED OVER OBE BOSIBBSS WEEK AID BSED TO ESTIMATE LEBDIBG TERMS AT ALL IHSORBD COBBBBCIAL BABKS. LOANS SECURED BY REAL ESTATE, PORCHASBD LOAMS, FOREIGN LOABS, AMD LOABS OF LESS TBAB $1,000 ARE EXCLUDED PBOM TBB SORVBT. 1/ TBB VSIGHTED AVERAGE BATOBITT IS CALCOLATBD OIL! FOB LOANS NITB A STATED DATE OP MATOBITT (TBAT IS, LOANS PAYABLE ON DEBABD ABB BXCLODBD). IB COBPOTIBG TBB AVBB1GB, BACB LOAB IS BBIGBTBD BT ITS DOLLAR ABOOBT. 2/ TBB APPRO*IBATB COMPOOBDED ABBOAL IBTBBEST BATE OB EACB LOAB IS CALCULATED PROM SOBVET DATA OB TBB STATED SITE AND OTBBB TERBS OP TBB LOAB; TBEB, IB COBPOTIBG TBE AVEBAGB OP THESE APPBOXIBATB EFFECTIVE BATES, BACB LOAB IS BBIGBTBD BT ITS DOLLAB ABOOBT. 3/ THE CBABCBS ARB ABOOT 2 OOT OP 3 THAT THE AVERAGE BATE SBOMB BOOLD DIPPEE BT LESS THAB TBIS ABOOBT PBOB TBB AVERAGE BATE THAT BOOLD BE FOOBD BT A COBPLBTE SOBVET OP LEBDIBG AT ALL BABKS. 4/ TBB IBTBBQOABTILB BABGB SBOBS TBB INTEREST RATE BABGB TBAT EICOBPASSES THE BIDDLB FIFTY PBBCBBT OF THE TOTAL DOLLAB ABOOBT OF LOABS BADE. 5/ HOST "LARGE BABKS" (SOBVET STBATA 1 TO 3) BAD OVEB $450 BILL10B IB TOTAL ASSETS AS OP 3/31/81; THE SMALLEST BABK SOBVEYED IB TBIS GBOOP BAD TOTAL ASSETS OF $295 MILLIOB. BOST "OTHER BABKS" (SOBVET STBATA 4 TO 6) HAD TOTAL ASSETS BELOB $450 MILLION; THE LAB3EST BABK SOBVEYED IB THIS GBOOP BAD TOTAL ASSETS OF $435 BILLION. • PENBB TBAB 10 SABPLE LOABS. : I 19.09 NBIGHTED AVERAGE INTEPBST RATE (%) 2/ .25 STANDARD BBBOB 3/ INTERQUARTILE BABGB 4/ 18.11-19.90 BT POBPOSB OF LOAN: 19.24 PBBDBB LIVESTOCK 19.13 OTHER LIVESTOCK 19.06 OTBBB CURRENT OPERATING EXPENSES 18.77 PARS BACBIBBBT ABD BQQIFflEBT 19.06 OTHER 18.92 19.54 19.49 19.26 46.7 * * *