The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE statistical release
E.2
ill
For Immediate Release
October 28, 1982
Survey of Terms of Bank Lending
Data from the Survey of Terms of Bank Lending contained in
this release are based on revised reporting forms and instructions.
Two changes were made to improve the accuracy of the estimates of the
average maturity and average interest rate. These figures are not
directly comparable to past data.
Average maturity is affected by a change in the information
collected the date of maturity. Previously, the survey asked for the
year and month in which a loan was due; the present form in addition
asks for the day. This detail allows for more precise calculation of
the term of the loan and it provides information for the first time on
the maturity of loans due within the month in which the survey is taken.
As a consequence the weighted average maturity reported in this release
generally rose by 0.2 to 0.5 months from what it would have been if calculated on the old basis. One exception was short-term commercial and
industrial loans over $1 million made at large banks; a large volume of
these loans was made with very short terms and their average maturity
dropped slightly.
Average interest rate is affected by a new question on the
frequency of interest compounding. Prior to the August survey frequency of compounding was inferred from the number of scheduled payments and term to maturity. By obtaining the actual frequency of
interest payment or compounding, the new survey permits more accurate
estimation of the effective interest rate. As a result, the estimates
on the weighted average effective interest rate rose for all types of
loans when compared to those calculated on the old basis. The increase
was larger for longer-term loans than for shorter-term loans.
For more detailed information concerning the differences in
the statistics resulting from changes to the reporting form, write to
the Banking Section, Division of Research and Statistics, Federal Reserve
Board, Washington D.C. 20551#
TABLE 1
SORfBY OP IBSAS CP BANK LENDING
SHOBT-TESH COMBEBCIAL AND INDOS1BIAL LOANS (OTHBB THAN CONSTBOCTION AND LAND DEVELOPMENT) HADE DOSING AUG 2- 7, 1962
SIZE CLASS OP LOAN (IN THOUSANDS)
<1,000
ALL
SIZES
AND OVBB
ALL BANKS
$37,561,878
A800NT OP LOANS (TBOOSANDS)
165,698
NOHBES CP LOANS
MBIGHTED AYBBAGB MATUBITY (MONTHS) 1/
1.2
$936,686
115,899
3.8
WEIGHTED A fEBAGB'INTBBEST BATE <*) 2/
13.27
STANDABD EBBOB j/
11.91-13*62
INTEBQOABTILE BAM6B4/
17.89
17.00-18.74
23.1
63.6
9.8
34.0
37.3
15.0
8 LABGB BANKS
ABOOIT OP LOAMS (TH0051NDS)
$29,917,940
17,932
NOHBEB OP LOAMS
WEIGHTED ATBBAGB NATOBITI (MONTHS) 1/
.8
$665,314
20,423
4.0
$816,553
12,555
' 3.8
$1,982,909
10,543
4.0
17.22
17-25
16.99-17.94
16.13-18.00
.20
16.81
.31
16.08-18.12
41.4
32.6
14.2
50.8
37.3
21.0
60,7
45.5
23.2
$66,920
6,782
4.2
$72,761
2,213
4.2
$133,071
2,045
4.2
$506,930
2,633
3-9
$408,238 $28,730,021
630
3,628
3.5
.7
17.90
WEIGHTED AfB8AGB IBIBBESI SATE (%) 2/
12.68
.04
STAMDAJD BB1QB t&v
.05
INTEBQOABTILE SAMGE 4/
11.86-12.83 17.11-18.71
17.38
.04
16.72-18.39
17.19
16.61
16.43-17.93
16.08r17.48
15.66
12.53
.23
.04
15*00—16.76 11.85-12.68
PRBCBNTAGE OP AMOONT OP LOANS:
8ITB FLOATING SATE
HADE ONDBB COMMITMENT
H U B NO STATED HATORJTY
PBBCBMTAGB OP ABOOMT OP LOAISi
NITH FLOATING SATB
BADE ONDBB COMMITMENT
BITH BO STATED MATOBITI
.10
.28
.01
.01
$911,670 $32,248,746
1,397
4,882
3.5
15.92
.30
15.25-17.05
12.66
.33
11.85-12.83
68. 1
18.2
66.7
7.8
67.3
33.1
17.4
66.0
7.3
66.7
49.6
19.2
74.2
55.3
25.7
61.5
32.2
81.2
75.9
68.1
31.0
72.3
72.9
32.6
15.1
65.9
6.3
OTBBB BABBS
AMOUNT OP LOBES (TBOOSANDS)
$7,643,938
BOBBBB OP LOAMS
147,767
8EIGHTED AfBBJGE HAIOBITI (MONTHS) J/
2.9
$869,767
109,117
3.8
$592,553
18,210
4.0
$683,482
10,510
3.8
$1,475,979
7,910
4.0
$503,432
767
3.4
$3,518,726
1,254
1.8
17.20
BEIGBTBD Af BEIGE IMTMBST BAtl (*) 2/
15.56
17.89
STANDAID EBBOS j/
.31
.08
.27
IMTEBQ0AETILB BAMGB $/
12.73-17.52 17.00-18.74 16.98-17.94
17.27
.19
16.12-18.04
16.88
.30
16.08-18.40
16.13
.19
15.54-17.05
13.75
.32
11.87-15.99
44.8
32.5
55.5
37.8
20.5
64.7
43.3
72.6
20.3
PBBCBBTAGB OP ABOONT OP LOANS:
8ITB PLOATING BATE
MADE ONDBB COMMITMENT
81TB NO STATED NATOBITI
45.4
54.2
19.9
31.5
36.3
14.7
37.4
29.8
12.8
18.8
62.8
33.5
NOTE: TBE SURVEY OP TBBBS OF BANK LENDING IS TAKEN OP ABOOT 340 BANKS SELECTED TO BEPBESENT ALL SIZES OP BANKS. THE SAMPLE
DATA ABB COLLECTED OYBB OSB BUSINESS BBBK AND OSBD TO ESTIMATE LENDING TBBBS AT ALL INSOBED COBBEBCIAL BANKS. SHOBT
TERM LOANS HAVE OBIGIWAL UATOEITIBS OP LESS THAN ONE YEAS, AND LONG TBBB LOANS HAVE BATOBITIBS OP ONE YEAB OB HOBE.
CONSTSOCTION AMD LAND DBVBLOPBENT LOAMS INCLUDE BOTH ONSBCOBBD AND LOANS SECOBED BI SEAL ESTATE. TBOS, SOME
OP THB CONSTSOCTION AND LAND DBfBLOPBBMT LOANS BOOLD BE BBPCBTED ON THE STATEMENT OF CONDITION AS BEAL ESTATE LOANS
AND TBE BBMAIBDEB AS BOSINBSS LOANS. AS OP 3/31/82, AVBBAGE DOMESTIC ASSETS OF 48 LABGB BANKS 8EBB $12.3 BILLION
AMD ASSETS OP TBE SMALLEST OF THESE BANKS 8EBB $ 2.21 BILLION. FOB ALL IBSOSBD BANKS, TOTAL DOMESTIC ASSETS
AfEBAGED $ 117 MILLION.
1/
AVEBAGB HAT0JITIBS ABB 8SXGBTED BY LOAM fOLOMBS EXCLUSIVE OF LOANS BITH 80 STATED MATURITY (DEMAND LOANS) .
2/
THE APPBOXIMATB COMFOOMDBD ANBOAL INTBBBSI BATE ON BACB LOAN IS CALCULATED FBOfl SOBIBI DATA OH TBE STATED BATE AMD
OTHBB TEEMS OP THE L0A1; THBN, IN COMPUTING THB AVBBAGE OF THBSE APPBOXIMATB EFFECTIVE SATES, EACH LOAN IS
8EIGHTED BY ITS DOLLAS AMOUNT.
3/
TBI CHABCBS 1BE ABOOT \2 GO* OP 3 THAT THEAVBBAGE HATE SHOWN NOOXD DIFFEB BY LESS TBI* TBIS AMOOBT PBOM THB AVEBAGB
BATE IBAT BOOLD BB FOOND BY A COMPLETE SOSfBY OF LENDING AT ALL BANKS.
4/
THB INTEBQOABTILE BAMGB SB08S THE INTBBBST BATE BANGB THAT ENCOMPASSES THE MIDDLE FIFTY PBBCBMT OF THB TOTAL DOLLAR
ABOOST OP LOAMS MADE.
TABLE 2
SOBTEY OF TBBBS OF BANK LENDING
LONG-TEBM C0M1IBBCIAL AND IMDOSTBIAL LOAMS (OIBBB THAI COBSfBOCMON AND LAND DEVELOPMENT) BADE 8811*6 106 2- 7, 1982
SIZB CLASS OF 101* (IB THOUSANDS)
ALL
SIZES
111 B A M S
&BOOMX or LOAMS (THOOSANDS)
13,907,991
909BBB OF LOAMS
25,774
VBIGHTEB ATBBAGB HAIOBIXY (BOBTBS) 1/
46.5
*1,000
$500-999
ABO 0TB8
$272,632
23,334
36.0
$350,030
1>637
32.2
$158,68*
242
34; 9
$3,126,644
562
49.6
18.90
15.22
8BIGHTED ATBBAGB IBIEBBST B U B (X) g/
.69
• 34
" ^ B 3/
STABOABD BBBOB
12.33-16.96 17.23-19.5*
BAB< 4/
IMlBBflOASIIH! BINGE
16.78
-.21
16.50—17.35
16.20
15.87-17.23
.28
14.68
.67
12.16*16.25
PBBCBB1A6I OF 1BOOBS OF LOAMS:
8LIB FLOATING BATB
HADE OMDBB COMMITMENT
60.0
61.2
39.3
45.0
93.1
43.8
79.9
81.4
57,0
63.5
48 LABGB BAMKS
$2,631,851
ABOOBT OF LOABS (THOOSANDS)
2,527
BOBBBB OF LOABS
8RIGBTBD AVBBAGB BAT0S12Y (BOBTBS) J/
$33,354
1,500
38.0
$115,752
507
35.0
$94,607
145
35.4
$2,388,139
376
53*2
16.02
16.77
13.91
18.06
VBIGHTED ATB6A6B IBTBBBST BITE (X) 2/
14. 17
.09
.01
.16
• 15
SJABDASD BBBCB j/
.18
ZBTBBC0LABTI1I BAB6B 4/
12.09-16.08 16. 94418.97 16.00-17.81 15.87-17.23 12.06-15*87
mc*si*61 or ABOOBT OF LOANS:
H U B F1CAXXM6 BUZZ
81DB OBDBB CCBBI1B1BT
63.0
69.7
75.6
53.9
93.2
75.6
W.O
78.7
#*.*
OTBBB BANKS
$1,276,140
ABOOBT OF LOABS (TBOOSABDS)
23,247
BOBBBB OF 10ABS
HEIGHTZD AVBBAGB MATOBITY (BOBTBS) J/
36.1
$239,278
21,834
35.7
$234,278
1,130
30.8
$64,078
96
34.2
$738,506
186
38.0
17.40
•BIGBIBD ATBBAGB IBTBBBST BATE (X) 2/
STABDAAD BBBtB j/
.28
IBTBBQ0ABTI1E BAB6B 4/
16.08-19.86
19.01
.67
17.52-19-56
16.79
16.47-17.23
.21
16.46
.23
16.08-17.23
17.15
.65
15.50-19.86
34.3
43.7
93.1
28.1
82.9
85.3
44.8
45.0
PBBCBBTAGI OF ABOOBJ OF LOABS:
BI1B FLCATIBC BATE
BASE OBDBB COMMITMENT
53.6
43.7
69*3
BOTE: THE S41BVBY OF TEBBS OF BABK LBMDIBG IS TAKEN OF A BOOT 340 BABKS SELECTED TO BEPBBSBBT 111 SUBS OF BANKS. THE SAMPLE
DATA ABB COLLECTED OTIB OBB BOSIBBSS MEEK AND OSBD TO ESTIMATE LBBDING TEBBS IT ALL IBSOBBD COBBSBCIAL BABKS. SBOB$
TBBB LOABS HATE OBIGINAL MATOBITIBS OF LESS THAN ONE TBAfi, AND LONG TBBM LOABS HATB BATOBITIES OF OBB IBAB OS BOfil.
CONS1BOCTION -AND 1ABD DBVELOPBBBT LOABS INCLODB BOTH OBSBCOBBD ABD LOABS SBCOSBD BY BBfcl BSTASB. THOS, SOBB
OF TBI CONSTRUCTION ABD LAND DEVELOPMENT LOANS BO OLD BBfiBBOfiTBDOB IBB STATBBEBT OF C01DITI0N AS SBAL ESTATE LOABS
ABD IBB SBBAXBDBB AS BOSIBBSS LOABS. AS OF 3/31/82, AVBBAGB DOBBSTIC ASSETS OF 48 11XGB BANKS WEBB $12.3BILLION
ABD ASSETS OF TBE SMALLEST OF 3HBSB BABKS HBfiB $ 2.21 BILLION. FOB ALL IBSOBBD BABKS, TOTAL DOMESTIC ASSETS
ATIBAGED $ 117 BILLIOB.
1/
ATEfiACB BA10BIT1BS ABB SBIGBIBb BY LOAN TOLOBES.
1/
THE APPBOXIMATB COBPOOIDED ANNOAL IBTBBBST BATE ON BACH LOAM IS CALCOLATBD FBOB SOBTBT DATA OB THE STATED BATS AND
OTBBB TEBBS OF TBE 10AB; THEN, IN COBPOXIBG TBB ATBBAGB OF TBBSB APPROXIMATE BFFBCTITB *ATBS, BACB LOAN IS
BBIGBTBD BY ITS D0L1AB ABOOBl.
TBB CBANCBS ABB ABOOT 2 001 OF 3 THAT TBI AVEBAGB BATE SB08* 80010 DIE FEB BT LBSS THAN THIS ABOOBT FHOB TBB ATBBAGB
BASE IBAT BO01D BI FOOBD Bf A COBPLETB SOBTBT Of LBIDIB6 AT ALL BABKS.
{
M/
TBI IBTBBQOABTILE BANGE SB08S TBB IBTBBBST BATB BABGB TBAT EBCOBPASSBS TBI MIDDLE FIFTY PB8CBBS OF THK TOTAL DOLLAB
AMOONl OF LOABS BADE.
TABLE 3
SOBVET OF TBBBS OF BANK IENDIBG
CONSTBOCTION AND LAND DEVELOPMENT 101HS (SECURED AND OMSBCOBED CI BBA1 ESTATE) BADE DOBIBG AOG 2- 7, 1982
SZ2B CLASS OF 10AB (IB TBOOSABDS)
All
SIZES
All BANKS
ABOOMX CF 10ANS (THOUSANDS)
$1,371,555
BOJIBEB OF 10ABS
32,185
BBIGBTBD AfBBAGB BAXUBITT (BONTBS) \/
7.9
$1-21
$25-49
$50-99
$100*499
$500
AID 0ret
$166,552
26,780
5.1
$80,023
3,149
5.0
$89,757
1,533
5.9
$326,158
1,453
7.9
$709,068
271
9.3
WEIGHTED AfBBAGB IMTBBBST BAT! (*) 2/
17.19
STABDASD BSBCB j/
.75
INIBBQOABTIIB BABGB 4/
15.75-18.97
18.29
.29
17.55-15,26
17.79
.57
17.32-18.12
18.59
.59
17.94-19,86
19.19
.77
17.81-20.62
15.77
1.17
14.09-17.69
26.3
47.3
24.8
92.1
93.1
91.7
100.0
82.7
21.0
94.0
87.9
89.6
61.2
PERCENTAGE OF ABOOBT OF 10ANS:
WITH FLOATING BATE
SBCOBBD BY REAL ESTATE
BADE OMDBB COBBIIBBNT
BADE FOB C0BSXBOCTION
1-4 FABI1I
B01TIFABI1I
N01BESI0EB1IA1
BITB BO STATED BATOBITI
63.9
73.7
68.6
100.0
21.0
6.7
72.4
5.6
100.0
37.5
4.6
57.9
2.6
14.7
3.7
46 1ABGE BANKS
ABOOBT OF 10ABS (TBOOSABDS)
$425,323
NOBBBB OF 10ANS
649
WEIGHTED AfBBAGB BATOBITI (MONTHS) 1/
11.5
$2,560
248
7.6
WBIGBTBD AfBBASB INTEREST BATE (%) 1/
15.74
STABDABD BBBOB 1/
.70
IBIBBQ0ABTI1E BANGS 4/
14.10-17.23
82.8
89.7
96.6
84.8
PBBCBNTAGE OF ABOOBT OF LOANS:
HITB F1CA2IBG BAXI
SBCOBBD BI BEA1 ESTATE
BADE ONDBB COBBITBBBT
BADE FOB COWSIBOCTIOB
1-4 FABill
M01IIFABI1I
BOBBBSIOBBlIAl
BITB IC STATED BATOBITI
60.6
84.8
62.3
100.0
10.7
6.8
82.6
6.1
OTBSB BANKS
ABOOBT CF 10ABS (TBOOSABDS)
$946,236
NOBBSB CF XOABS
31,536
BBIGBTBD AfBBAGB BATOBITI (BONTBS) 1/
6.3
HEIGHTED AfBBAGB INTEREST BATE (%) 1/
17.84
STABDABD BBBCB j/
.26
IBTBBQOABTXLB BABGB £/
16.76-19.86
FBBCBB3CAGB OF ABCOBT OF 10ABS:
BITfl F10ATING BATE
SBCOBBD BI HIA1 ESTATE
BADE OBDBB CCBBIMBBT
MADE FOB CONSIBOCtlOB
1-4 FABI1I
BOlTIFAfUlI
NOBBESIDBNTIAL
H U B HO STATED BATOBITI
65.4
68.7
71.5
100.0
25.6
6.6
67.8
5.3
22.1
19.7
100.0
44.4
5.4
50.2
3.4
77.6
72.9
100.0
9.9
10.1
80.0
100.0
2.8
81.5
8.4
12.3
6.2
$3,371
102
9.0
$4,519
68
12.8
$33,133
148
13.4
$381,740
83
11.4
17,94
17.96
17.81-18.42
17.04-18.68
17.47
.13
16.18-18.39
17.33
.09
16.65-17.93
15.55
.78
14.09-16.08
91.7
57.2
84.9
60.4
.10
.11
.0
86.9
82.5
83-3
100.0
30.4
13. 4
56.2
3.6
$163,993
26,532
5.0
$76,652
2,047
4.8
$85,238
1,465
5.5
$293,025
1,304
7.3
$327,328
188
6.7
18.30
.27
17.55-19.26
17.79
.55
17.32-18.12
18.65
.57
17.94-19,86
19.40
.76
17.85-20.62
16-03
.86
13.31-17.82
25.4
46.6
23.9
92.2
92.9
92.1
17.5
18.9
16.3
94.3
88.6
91.0
65.8
69.2
87.5
94.3
78.4
100.0
100.0
20.2
45.0
1.1
28.0
34.8
100.0
37.6
4.3
58.1
.7
36.4
35.5
100.0
84.8
1.5
13.8
3.8
100.0
45.1
5.0
49.9
3.4
81.8
77.5
100.0
100.0
13.5
21.7
64.8
2.3
100.0
9.5
8.8
81.7
2.9
9.8
5.1
85.1
6.5
100.0
15.2
7.4
77.4
10.7
NOTE: THE SOBfBI OF TERMS OF BANK LENDING IS TAKEN OF ABOOT 340 BANKS SELECTED TO BBPBBSBHT All SIZES OF BANKS. THE SABPLE
DATA JLBE COLLECTED OVEB OBB BUSINESS SEEK AND OSED TO ESTIBATB LENDING TERMS AT ALL INSOBBD COBBBBCIAI BANKS. SHOBT
TEBfl 10AWS HAfB OBIGINAL BATOBITIBS OF 1BSS THAB OBB IBAB, AND LONG TEBH LOANS HAfB BATOSISIBS OF ONE IEAB OR MOBE.
CONSTBOCTION AND 1ABD DEVELOPHENT LOANS INCLODt BOTH OBSBCOBBD AND 10ABS SBCOBBD BI BBA1 ESTATE, THOS, SOBS
OF TBB CONSTBOCTION AND XAND DEVELOPHENT LOANS B001D BE BBPOBTED ON TBB STATBBBNT OF COBDITIOB AS BBA1 ESTATE LOANS
AND TBB AEOAIBDBB AS BOSIBBSS LOANS. AS OF 3/31/82, AfBBAGB DOMESTIC ASSETS OF 48 1ABGB BANKS BBBB $12.3 BILUOB
ABD ASSETS OF THE SMALLEST OF JBBSB BANKS HEBE $ 2.21BU1IOB. FOB ALL INSOBBD BANKS, TOTAI DOMESTIC ASSETS
AVEBAGBD $ 117 BI11I0B.
1/
AfBBAGB MATOBITIBS ABB BBIGBTBD SI LOAN fOlOBBS BXCLOSIfB OF 10ANS BITB NO STATED BATOBITI (DBBABD LOANS).
2/
TBB APPROXIMATE COBPOONDBD ABB0A1 INTEREST BATE ON EACH 10AN IS CALC01ATBD FBOB SOBfBI DATA 08 TBB STATED BATE ABD
OTBEB TEEMS OF TBB 10AB; THEN, IB COMPOTING TBB AfBBAGB OF TBBSB APPBOXIHATE EFFECTIfE BATES, BACB 10AH IS
BBIGBTBD BI ITS D011AB ABOOBT.
1/
TBB CHANCES ABB ABOOT 2 OQX OF 3 TBAT TBB AfBBAGB AATB SBOBN BOOID DIFFBB BI LESS TBAB TBIS ABOOBT FBOB TBB AfBBAGB
BATE TBAT WOOID BE FOOBD BI A C0BP1BTB SOBfBI OF 1B1DING AT All BANKS.
4/
THE IMTERQQARTXLB BABGB SBOUS TBB IBTBBBST BATE RANGE THAT ENCOMPASSES TBB BIDD1B FIPTT PERCENT OF IBB T0IA1 DOLLAR
ABOOBT OF WABS BSDSe
TABLE 4
SOBVBI OF IBBUS OP BASK LBHDIS
LOANS TO FARMERS SADE DOSING A1G 2 - 7 , 1982
SIZE CLASS OP LOAN (IN THOUSANDS)
ALL
SIZES
ALL B A M S
ABOOJT Of XOABS (TBOOSANDS)
$1,217,411
K g m a OF XOABS
59,556
VEIQHTBD AVERAGE BAfOBITI (BONTHS) y
5.4
WEIGHTED AVBBAGB INTEREST BATE (%) 2/
16.81
STAIDABO EBBCB j/
.67
IBTERQOARTXLE BARGE i/
16.33-17.99
BX POBPOSB OP LOAB:
FEEDIB LIVESTOCK
16.76
02B2B LIVESTOCK
15.56
OTBBB COfiFEIfl OPERATING BIPEBSBS
16.95
FABB BACHIBBBT ABD EQUIPMENT
17.27
OTBEB
16.92
PBRCBBTAGB OP ABOONT Of LOABS:
BISB FLOATING BATE
BADE OHOEB COMMITMENT
BI POBPOSB 01 LOAB:
FEEDER LIVESTOCK
OTBEB LIVESTOCK
OTBBB COBBBBS OPEBATIBG EXPENSES
FAJLB MACHINERY ABB BQOIPBBBT
OTBEB
$250
ABD DIES
$144,565
41*163
5.6
$158,245
10.914
5.8
$121,973
3,734
5.7
$140,376
2,105
6.4
$194,110
1,251
6.0
$458,141
388
4.7
17.48
.23
16.87-18.12
17.31
17.66
.32
17.17-18.28
17.49
16.63-18.03
17.00-17.98
i5#
T7.45
146
17.05-17.99
.00-17.23
17.67
17.02
17.47
17.75
17.54
.18
17.26
17.74
17. 27
16.78
16.18
15.72
1.10
17.13
17.22
15.87
17.66
17.38
14^92
18.02
1*7.47
17.51
18.22
17.64
17,89
17. 84
16. 23
42.9
64.4
37.3
44.9
27.1
25. 1
29.3
28.5
26.7
28.7
44.0
35.0
40.3
44.2
17.5
6.1
42.8
3.3
24.7
10.7
9.3
64.0
6.7
9.3
27.7
18.9
13.5
9*6
11.7
3.1
55.0
5.5
24*7
23.7
61.6
55.5
42.9
22:4
14.9
2T.2
36.8
LABGB BABKS %/
ABOOBT OF LOABS (THOUSANDS)
$457,046
BOBBBB OF LOABS
4^108
HEIGHTID AVERAGE HATOBITT (MONTHS) J/
5.0
$6,586
2*237
5.0
$12,953
875
6.3
$12,087
3«T
5.6
$16,087
239
5a 3
$28,796
193
8.7
$378,537
196
4.7
17.67
17.44
.11
.11
16. 96-18.40 16.77-18.11
17.33
*19
16.52-18.00
17.41
.52
16.65*16,00
17.22
*42
16* 16-17.99
15.23
.82
13.43-16.38
16.92
17.28
17.05
15.87
17.34
17.35
17. 15
14.92
17.37
17*65r
17.68
14.60
49.9
58.8
WEIGHTED AVEBAGB IBtlSBST BATE (S) 2/
15.59
SSABDABD ERBGfi j/
.65
IBTEBCOABTILI BABGE 4/
15.0V16.70
BI FOlfOSl OF 10AB3
FBIDEB LIVESTOCK
15.99
OTBEB LXVBj&OCK
$4.10
OTBEB C0BB1BT OPEBATIBG XFBBSBS
15.68
FABfl MACHINERY ABD BQOIFMBBT
18.06
OTBEB
15.03
17.42
17.27
17.68
16.51
17.72
17.21
17.12
17.48
54.5
62.3
70.7
72.3
75.4
64.3
76.2
8^*6
82.7
7S.3
21.0
6.5
32.8
.4
22.7
3.8
6.4
6.7
7.6
67.6
14.5
15*8
22.9
68.8
63.4
50.6
58%
27:1
16.5
25.9
16.9
23:5
OTBEB BABES 5/
xnOOBT OF LOABS (TBOOSABOS)
$760,365
BIMBBB OF LOABS
55,448
WS16HTBD AVB1AOB BATOBITI (BOBTBS) 1/
5.7
$135,979
38,927
5.7
$145,293
10,039
5.8
$109,887
3,366
5.8
$124,269
$165,314
1,058
5.5
17.46
.19
16.85-18.11
17.30
.14
16.63-18.03
17.69
.25
17.17-18.28
17.68
17.01
17m 46
17.73
17.52
17.27
17.79
17.25
16. 76
18.09
27*0
34*4
24.3
22.1
25.1
24.0
22.5
23.1
39.6
29.0
32.9
38.2
15.5
4.7
48.8
5.1
26.0
11.2
9.5
6 J. 7
6.9
6.6
6.4
8.9
61.1
14.7
8.9
12.0
24.9
*
54.1
56.1
40.2
PEBCBBTAGE OF ABOOBT OF LOABS:
BITH FL0A1IBG BATE
4ADB OBDBB C04BIT4BB2
BI FOBFCSB 09 LOAB:
PEEDEE LIVESTOCK
OTBBB LIVESTOCK
OTBEB C0SBJ6B1 OPEBATIBG BIPEBSBS
FABB BACBISEBI ABO BQOFBBBT
OTBEB
StIGHTED AVEBAGB IBTEBBST RATE ($) 2/
17.54
STABDASD BSBOfi J/
.15
IBTBSfiOABTILB AABGB $/
17.17-18.14
BI POBPOSB OF LOAB:
FBEDBB LIVESTOCK
17.38
OTBEB LIVESTOCK
17.16
OTBEB CBBBBBT OPEBATIBG BIPEBSBS
17.46
FABB BACHIBBBI ABD BQOIPBBBT
17.24
OTBBB
17.91
PBRCEEXAGB. Of ABOOBT OF LOABS:
BITB FLOAT!EG J A M .
MABB OBBBR G6BBITBBBT
BI PtiBJFOSS OF LOABS
FBiDBB LIVESTOCK
OTBEB LIVESTOCK
OTBEB CfiiMtWi OPEBATIBG BZPEBSBS
FAB# BACBIVEBI ABD BQOIFBBlT
OtBSfc
2.5
18.4
WU7
8041
6. 7
1,866
6.6
17.50
17.49
. 24
.16
17.01-17.81 17.01-17.82
25.6
NOTE: TBI SOBVBI OF IBBBS OF BABK LEBDIBG TO PABBBBS COVEBS ABOUT 250 BAKES SELECTED TO SBPBBSEBT ALL SIZES OP BABKS.
THE SABFLE DATA ABB COLLECTED OVBB OBE.BQSIBBSS WEEK AND USED 20 ESTIMATE LBBDIBG TERMS AT ALL IBSOSED C08BBBCIAL
BABKS. LOABS StCOBBD BI BIAl BSTATE, FOBCBASBO LOABS, FOB BIGB LOABS, ABD LOABS OF LESS TBAB $1,000 ABE BXCIODBD PBOB
TBE SOBVBI.
JZ
THE BSIGHTED AVEBAGB BATOBITI IS CALCULATED 0BL1 FOB LOABS B U B A STATED DATE CP BATOBITI (THAT IS, LOABS PAX ABLE
OB DBA ABO ABB EXCLUDED). IB COBFOTIBG THE AVEBAGB, EACB LOAB IS WEIGHTED BI ITS DOLLAB ABOOBT.
2/
THE APPROXIMATE COMPOUNDED ABBOAL IMTEBBST RATE OB BACH LOAB IS CALCOLATE0 FROM SOBVEI DATA OH TBE STATED BATE ABB
OTBBB TEB8S OF THE LOAB; XBEH, IB COBPOTIBG THE AVERAGE OP THESE APPBOXIBATE EFFECTIVE BATES, EACH LOAM IS
WEIGHTED BI ITS DOLLAB ABOOBT.
j/
THE CBABCES ABB ABOUT 2 OOT OP 3 THAT THE AVERAGE BATE SHOWN BOOLD DIFFER BI LESS TBAB THIS AMOUNT PROM THE AVERAGE
RATE THAT W O L D BE FOUBO BI A COMPLETE SOBVEI Of LBBDIBG AT ALI BANKS.
4/
THE IBTBBflOABTILB BABGE SHOWS THE INTEREST BATE BABGE THAT ENCOMPASSES THE MIDDLE FIFTI PEBCENT OP THE TOTAL DOLLAR
ABOOBT OF LOABS BADE.
5/
80S! "LARGE BABKS" {SOBVBI STRATA 1 TO 3) HAD OVER $500 MILLION IN TOTAL ASSETS AS OP 3/31/82; THE SMALLEST
BABK SOBVEIED IB THIS GBOOP HAD TOTAL ASSETS OP $ 316 MILLION. MOST "OTHER BANKS- (SUBiBI STSATA 4 TO 6)
MILLIOB; THE LARGEST BANK SURVEYED IN THIS GBOOP HAD TOTAL ASSETS OF $1,292 MILLION
HAD TOTAL ASSETS BELOW $500
http://fraser.stlouisfed.org/
* PBBEB TBAB 10 SAMPLE LOANS.
Federal Reserve Bank of St. Louis
*
@FedFRASER