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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

*
*

*