FEDERAL RESERVE statistical release .'8.06 17.77

.25 .12 *14 17.55-19.25 17.62-18.50 17.00-18.67

48.4 40.3 14.8

44. 8 49.3 24.9

52.3 63.7 19.9

*1,198,6*1 1,848

2.4 17.98

.24 17.00-18.97

50.8 51-2 24.0

$1,000 AND OVER

$30,957,703 4,588

16.94 .08 16.57-17.30

26.3 51.5 13.4

48 LARGE BANKS AMOUNT OF LOANS (THOUSAND?) $28,448,107 M0OTBP OF LOANS 18,481 WEIGHTED AVERAGE MATURITY (MONTHS) 1/ .9 WEIGHTED AVERAGE INTEREST RATE {%) 2/ 16.97

STANDARD ERROR 2/ .05 INTERQUARTILE RANGE 4/ 16.58-17.30

PERCENTAGE CF AMOUNT OF LOANS: WITH FLOATING RATE 27.1 HADE UNDER COMMITMENT 49.9 frlTH NO STATED MATURITY 13.0

$70,417 7,049

4. 1 18.86 .02

18.00-19.82

67.5 52.6 17.9

$81,157 2,459

4.1 $134,377

2,122 4.2

$563,800 2,853

3.4 18.61 18.32 17.91

.03 .08 .06 17.74-19.50 17.55-19.11 17.06-18.68

74.0 59.3 22.0

79.3 63.0 26.2

81.5 67.1 32.7

$394,013 622 3.0

17.70 .07

16.75-18.37

76.0 64.0 35.5

$27,204,343 3,377

16.92 .05

16.58-17.27

24.7 49.3 12. 1

01925 BASKS AMOUNT OF LOANS (THOUSANDS) $8,152,153 NUMBER OF LOANS 142,715 WEIGHTED AVERAGE MATURITY (MONTHS) 1/ 2.4 WEIGHTED AVERAGE INTEREST RATE (

TABLE 2 SU5V5Y OP T5R.1S OP BANK LENDING

LONG-TERM COMMERCIAL AND INDUSTRIAL LOASS (OTHES THAN CONSTRUCTION AND LAND DEVELOPMENT) HADE DURING MAY 3- 8, 1982

AIL SIZES

ALL BANKS AMOUNT OP LOANS (THOUS&KDS) $3,705,382 SOMBER OF LOANS 20,575 WEIGHTED AVERAGE MATURITY (MONTHS) 1/ 49.8 WEIGHTED AVERAGE INTEREST RATE (%) 2/

STANDARD ERROR 3/ INTERQUARTILE RANGE 4/

PERCENTAGE OF AMOUNT OF LOANS: WITH FLOATING RATE MADE UNDER COMMITMENT

16.96 .37

16.50-17.51

71.7 72.1

$253,640 18,222

29.9 18.80

.58 17.79-19.56

36.6 28.9

SIZE CLASS OF LOAN (IN THOUSANDS) $1,000

500-999 AND OVER $100-499 $410,817

1,547 50.1

17.59 .28 17.50-17.81

45.9 36.2

$164,045 244

43.3 17.29

.44 16.50-18.00

83.5 82.8

$2,876,880 562

51.8 16.69

.27 16.00-17.32

77.7 80.4

48 LARGE BANKS AMOUNT OF LOANS (THOUSANDS) NUMBER OF LOANS BEIGHTED AVERAGE MATURITY {MONTHS) 1/

$2,651,892 2,430 53.7

8SIGHTED AVERAGE INTEREST RATE (I) g/ 16.70 STANDARD ERROR j/ .03 INTERQUARTILE RANGE &/ 16.00-17.25

PERCENTAGE OF AMOUNT OF LOANS: WITH FLOATING RATE 79.3 MADE UNDER COMMITMENT 80.3

$35,173 1,488 37.1 18.62

.07 17.50-19.50

75.6 57.9

$89,447 419

36.7 17.40

.19 16.50-18.25

88.6 76.0

$96,394 144

45.4 17.13 .06

16.50-17.59

84.8 90.4

$2,430,878 378

54.9 16.63

.03 15.98-17.25

78.8 80.4

OTHER BANKS AMOUNT OF LOANS (THOUSANDS) NUMBER OF LOANS WEIGHTED AVERAGE MATURITY (MONTHS) 1/

$1,053,490 18,145 39.8

WEIGHTED AVERAGE INTEREST RATE (X) 2/ 17.62 STANDARD ERROR 1/ .36 INTERQUARTILE RANGE 4/ 16.50-18.39

PERCENTAGE OF AMOUNT OF LOANS: WITH FLOATING RATE 52.8 MADE UNDER COMMITMENT 51.3

$218,467 16,733

28.7 18.83

.57 17.75-19.57

32-6 24.2

$321,370 1,128 53.8

17.64 .20 17.50-17. 50

34.0 25.1

$67,651 100

40.4 17.50

.43 16.50-18.69

81.7 72.0

$446,002 184

35.1 17.04 .26

16.42-17.75

71.8 80.2

NOTE: THE SURVEY OP TERMS OF BANK LENDING IS TAKEN Of ABOUT 340 BANKS SELECTED TO REPRESENT ALL SIZES OF BASIS. THE SAMPLE DATA ARE COLLECTED OVER ONE BUSINESS WEEK 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 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 OF CONDITION AS REAL ESTATE LOANS AND THE REMAINDER AS BUSINESS LOANS. AS OF 9/30/81, AVERAGE DOMESTIC ASSETS OF 48 LARGE BANKS WERE $12.1 BILLION AND ASSETS OF THE SMALLEST OF THESE BANKS WERE $ 2.3 BILLION. FOR ALL INSURED BANKS, TOTAL DOMESTIC ASSETS AVERAGED $ Hl-QlILLION.

1/ AVERAGE MATURITIES ARB WEIGHTED BY LOAN VOLUMES. 1/ THE APPROXIMATE COMPOUNDED ANNUAL INTEREST RATE ON EACH LOAN IS CALCULATED FROM SURVEY DATA ON THE STATED RATE AND

OTHER 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 ARB ABOUT 2 OUT OF 3 THAT THE AVERAGE SATS SHOWN WOULD DIFFER BY LESS THAN THIS AMOUNT FROM THE AVERAGE RATE THAT WOULD BE FOUND BY A COMPLETE SURVEY OF LENDING AT ALL BANKS.

4/ THE INTERQUARTILE RANGE SHOWS THE INTEREST RATE RANGE THAT ENCOMPASSES THE MIDDLE FIFTY PERCENT OF THE TOTAL DOLLAR AMOUNT OF LOANS MADE.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE 3 SURVEY OP TERMS OF BANK LENDING

CONSTRUCTION AND LAND DEVELOPMENT LOANS (SECURED AND UNSECURED BY REAL ESTATE) BADE DURING MAY 3-5IZE CLASS OF LOAN (IN THOUSANDS)

ALL BASKS AMOUNT OF LOANS (THOUSANDS) NUMBER OP LOANS WEIGHTED AVERAGE MATURITY (MONTHS)

ALL SIZES

$1,921,308 31,454

y ii.i

$ 1 - 2 *

$182,396 18,881

7.2 WEIGHTED AVERAGE INTEREST BATE (%) 2/ 17.80 19.13

STANDARD ERROR 3/ .37 .36 INTERQUARTILE RANGE 4/ 16.07-19.10 18.54-20.15

$25-49 $228,405

6,446 12.3 18.81

.64 17.00-19.82

$166,690 2,273

8.3

17.97 .38

16.72-19.25

$427,520 3,050 14.1

18.45 1.00 18.13-19.59

$500 AND OVER $916,297

80S 10.6

' 16.96 e .67

16.07^1 7.88 PERCENTAGE OF AMOUNT OF LOANS:

WITH FLOATING RATE SECURED BY SEAL ESTATE MADE UNDER COMMITMENT MADE FOR CONSTRUCTION

1-4 FAMILY HULTIFAMILY

NONRESIDENTIAL IITH HO STATED MATURITY

28.8 85.0 32.9 100.0 30.0 4.8

65.2 .9

37.7 74. 1 55.5

100.0 40.0 3.2

56.8 1.9

22.5 82.1 65.6 100.0 54.0 1.1 44.9

1.1

47.1 80.6 19.3

100.0 40.8 4.9

54.3 2.7

20.7 97.9 18.4

100.0 26.0 2.7

71.3 1.4

29.0 82.8 29.6 100.0 21.9 7.1

71.0 0

48 LARGE BARKS AMOUNT OF LOANS (THOUSANDS) $332,308 NUMBER OF LOANS 721 WEIGHTED AVERAGE MATURITY (MONTHS) 1/ 5.3

WEIGHTED AVERAGE INTEREST RATE (X) 2/ 18.22 STARDABS ERROR 3/ .21 INTERQUARTILE RANGE 4/ 17.88-18.81

PERCENTAGE OF AMOUNT OF LOANS: WITH FLOATIWG RATE SECURED BT REAL ESTATE MADE UNDER COMMITMENT MADE FOB CONSTRUCTION

1-4 FAMILY RULTIFAHILY

NONRESIDENTIAL WITH NO STATED MATURITY

69.3 51.3 72.7 100.0 55.1 3.6

41.1 .3

$2,964 285 6.6

18.96 .06 18.39-19.56

84.8 96.3 84.1

100.0 46.5 11.1 42.3 3.3

$4,054 116 10.2

18.05 .37

18.00-19.51

82.5 90.9 82.2 100.0 33.6 7.0

59.4 8.1

$6,573 91

13.9 18.40

.14 17.55-19.36

86.4 95.0 85.7

100.0 34.0 13.8 52.2 2.6

$33,425 154

14.5 18.22

.17 17.75-19.32

89.7 90.9 90.9

100.0 26.6 8.6 64.8 1.3

*205,292 . .3 18.21

.24 17.88-18.50

66.1 4*. 6 70.0 100.0 59.3 2.9

37.8 .0 OTHER BANKS

AMOUNT OF LOANS (THOUSANDS) $1,588,999 $179,432 $224,351 $160,117 NUMBER OF LOANS 30,733 18,595 6,330 2,182 WEIGHTED AVERAGE MATURITY (MONTHS) 1/ 12.3 7.2 12.3 8.1 WEIGHTED AVERAGE INTEREST RATE (%) %/ 17.72 19.13 18.83 17.95

STANDARD ERROR / .30 .35 .51 .35 INTERQUARTILE RANGE 4/ 16.07-19.25 18.54-20.15 17.00-19.82 16.72-19.25

$394,095 2,896 14.1

$631,005 730

13.6 18.47 16.39

.98 .62 18.50-20.15 16.07-16.07

PERCENTAGE OF AMOUNT OF LOANS: WITH FLOATING RATE SECURED BY REAL ESTATE MADE UNDER COMMITMENT MADE FOR CONSTRUCTION

1-4 FAMILY RULTIFAHILY

NONRESIDENTIAL WITH NO STATED MATURITY

20.3 92.1 24.6

100.0 24.7 5.0

70.2 1.0

36.9 21.4 45.4 14.8 12.2 73.7 81.9 80.0 98.5 100.0 55.0 65.3 16.6 12.2 11.3

100.0 100.0 100.0 100.0 100.0 39.9 54.3 41,1 25.9 5.0 3.1 1.0 4.5 2.2 9.0

57.1 44.7 54.4 71.9 86.0 1.9 1.0 2.7 1.4 .0

NOTE: THE SURVEY OF TERMS OF BANK LENDING IS TAKEN OF ABOUT 340 BANKS SELECTED TO REPRESENT ALL SIZES OF BANKS. THE SAMPLE DATA ARE COLLECTED OVER ONE BUSINESS WEEK AND USED TO ESTIMATE LENDING TERMS AT ALL INSURED COMMERCIAL BANKS. SHORT TERM LOANS HAVE OSIGINAL MATURITIES OF LESS THAN ONE YEAR, AND 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 OF CONDITION AS REAL ESTATE LOANS AND THE REMAINDER AS BUSINESS LOANS. AS OF 9/30/81, AVERAGE DOMESTIC ASSETS OF 48 LARGE BANKS SERB $ 12.1 BILLION AND ASSETS OF THE SMALLEST OF THESE BANKS WERE $ 2 3 BILLION. FOR ALL INSURED BANKS, TOTAL DOMESTIC ASSETS AVERAGED *l 11 -^MILLION.

1/ AVERAGE MATURITIES ARB WEIGHTED BY LOAN VOLUMES EXCLUSIVE OF LOANS WITH NO STATED MATURITY (DEMAND LOANS). 2/ THE APPROXIMATE COMPOUNDED ANNUAL INTEREST RATE OH EACH LOAN IS CALCULATED FROM SURVEY DATA ON THE STATED RATE AND

OTHER 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 ARB ABOUT 2 OUT OF 3 THAT THE AVERAGE RATE SHOWN WOULD DIFFER BY LESS THAN THIS AMOUNT FROM THE AVERAGE RATE THAT WOULD BE FOUND BY A COMPLETE SURVEY OF LENDING AT ALL BANKS.

4/ THE INTERQUARTILE RANGE SHOWS THE INTEREST RATE RANGE THAT ENCOMPASSES THE MIDDLE FIFTY PERCENT OF THE TOTAL DOLLAR AMOUNT OF LOAMS MADE.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE 4 SURVEY OF TBS IS OF BANK LESBli

LOANS TO FARMERS flADB 3UBIN6 SIT 3-1 SIZE CLASS vF LOAN (IN THOUSANDS)

ALL BASKS AMOUNT OF LOAMS (THOUSANDS) NUMBER OF LOANS WEIGHTED AVERAGE MATURITY (MONTHS) 1/

STAN OASD ERROR 1/ INTERQUARTILE RANGE 4/ BY PUFPOSE OF LOAN: FEEDER L C VEStOCK OJHER LIVESTOCK OTHER CURRENT OPERATING EXPEN FARM MACHINERY AND EQUIPMENT OTHER

PERCENTAGE OF AMOUNT OF LOANS: WITH FLOATING BATE MADE UNDER COMMITMENT BY #RPOSE OF LOAN:

m D B B LIVESTOCK ##ER LIVESTOCK 0|PBB CURRENT OPERATING EXPENSES FAfeM MACHINERY AND EQUIPMENT OTHER

SIZES $1-9 $10-24 $25-49 $50-99 $100-249 AND Of2 n , ,224,054 $172,901 $214,006 $167,333 $190,019 $193,183 $286,611 70,983 46,365 15,091 4,919 2,781 1,363 465 1/ 7.6 6.6 6.4 7.6 5.3 9.3 9-4 1/ 17.76 17.63 17.59 17.59 18.01 17.76 17.91 .22 .29 .23 .13 .26 .35 .57 17.1 18-18.39 17.00-18.39 17.18-18.27 17.06-18.13 17.25-18.68 17.17-18.27 17.25-18.77

17.81 17.89 17.73 17.69 18.56 17-84 17.56 17.51 17.75 17.57 17.34 17.42 17.97 !S 17.66 17.46 17.61 17.57 17.83 17.65 17.95 18.19 18.14 17.31 17.30 17.85 18.21 17.70 17.68 17.76 17.85 17.98

38.1 42.7 15.0 6.8 46.4 9.1 22.5

LARGE BANKS 5/ AMOUNT OF LOANS (THOUSANDS) $356,390 NOMBft OF LOANS 4,951 H EI GOT ED AVERAGE MATURITY (MONTHS) \J 9.4 WEIGHTED^ AVERAGE INTEREST BATE (*) 1/ 17.92

STUDABD BBBOB 1/ .14 INTSBOOARTILB BANGS 4/ 17.25-18.59 BT #(iPOSE OF LOW:

FEEDER LIVESTOCK 17.66 OTHEB LIVESTOCK 17.49 OTHER CURRENT OPERATING EXPENSES 18.02 FABM MACHINERY AID EQUIPMENT 17.94 OTHER 18.07

PERCENTAGE OF AMOUNT OF LOANS: WITH FLOATING BATE 74.1 MADE UNDER COMMITMENT 77.7 BY PUBPOSE OF LOAN:

FSSDBB LIVESTOCK 21.8 OTHEB LIVESTOCK 6.7 OTHER CURRENT OPERATING EXPENSES 41.0 FABM MACHINERY AND EQUIPMENT 1.7 OTHER 28.8

OTHER BANKS 5/ AMOUNT OF LOAMS (THOUSANDS) $867,665 NUMBER OF LOANS 66,032 WEIGHTED AVBRAGB MATURITY (MONTHS) \J 6.9 WEIGHTED AVERAGE INTEREST BATE (%) j/ 17.70 STANDABD BBBOB j/ .17 INTERQUARTILE RANGE 4/ 17.18-18.27 BY PURPOSE OF LOAN:

FEEDER LIVESTOCK 17.92 OTHEB LIVESTOCK 17.52 OTHEB CURRENT OPEBATING EXPENSES 17.53 FABM MACHINERY AND EQUIPMENT 18.20 OTHER 17.72

PERCENTAGE OF AMOUNT OF LOANS: WITH FLOATING BATS 23.4 MADE UNDBB COMMITMENT 28.3 BY PUB POSE OJF LOAN:

FEEDER LIVESTOCK 12.2 OTHER LIVESTOCK 6.8 OTHER CURBENT OPERATING EXPENSES 48.6 FARM MACHINERY AND EQUIPMENT 12.2 OTHER 19.9

25.8 23.5 5.7 7.8 68.6 9.4 8.3

$8,460 2,029

7. 1 18.30

.07 17.60-19.18

18.46 17.71 18.34 18.05 18.27

67.2 69.2 8.3 4.6 59.1 3.5 24.5

23.5 29.4 6.5 9.2 57. 1 12.7 13.0

$16,578 1,135 7.0

18.12 . 14

17.45-18.94 18.25 18.06 18.08 17.44 18.28

70.6 75.7 4.7 5.7

58.1 3.3

28.1

32.6 28.6 18.1 6.8 50.4 3.6 21.1

$20,346 608 7.7

18.02 .08 17.47-18.68

18.17 18.16 17.82 17.80 18.40

74.6 79.4 7,5 6.8

51.6 7.1

27.0

26.8 33.0 15.9 7.6

39.2

$32,198 486 7.0

17.80 .17

17.00-18.68

39.2 42-2 10.7 4.9 42.9

$61,083 423 8.0

18.20 .16 17.50-18.77

18.33 17.90 17.54

72.7 82.9 14.4 5.8

54.4

$164,441 44,336 6.6 17.60 .28

17.00-18.39 17.84 17.75 17.42 18.14 18.19

23.7 21.2

5.6 8.0 69.1 9.7 7.5

$197,428 13,955

6.3 17.55 .18

17.12-18.27 17.70 17.54 17.57 17.30 17.58

19.6 25.5 6.6 9.5

57.0 13.5 11.8

$146,987 4,311

7.6 17.53 .10

17.06-17.87

26.7 21.6 19.5 50.2 2,:3

$157,822 2,295 5.0

16.05 .19

17.30-18.68

17.4 22.8 16.2

36.1 25.6

18.24 18.11 18.16

87.5 90.0 17.6 8.0 52.6

5132,100 940 9.8

17.56 .30

17.12-18.13

66.6 79.1 27.5 29.6 25.6

$217,726 270

10.6 17.82 .29

17.25-18.40 17.47 18.07 17.99

71.1 73.8 27.2 32.8 32.3

16.8 20.0

NOTE: THE SURVEY OF TERMS OF BANK LENDING TO FARMERS COVEBS ABOUT 250 BANKS SELECTED TO REPRESENT ALL SIZES OP BANKS. THE SAMPLE DATA ARB COLLECTED OVER ONE BUSINESS WEEK AND USED TO ESTIMATE LENDING TERMS AT ALL INSURED COMMERCIAL BANKS. LOANS SECURED BY REAL ESTATE, PURCHASED LOANS, FOREIGN LOANS, AND LOANS OF LESS THAN $1,000 ABE EXCLUDED FROM THE SURVEY.

1/ THE WEIGHTED AVERAGE MATURITY IS CALCULATED ONLY FOR LOANS WITH A STATED DATE OF MATURITY (TiLAT IS, LOAMS PAYABLE ON DEMAND ARE EXCLUDED). IN COMPUTING THE AVERAGE, EACH LOAN IS WEIGHTED BY ITS DOLLAR AMOUNT.

1/ THE APPROXIMATE COMPOUNDED ANNUAL INTEREST BATE ON EACH LOAN IS CALCULATED FROM S06VBX DATA ON THE STATED RATE AND OTHER TERMS OF THE LOAN; THEN, IN COMPUTING THE AVERAGE OF THESE APPROXIMATE EFFECTIVE RATES, EACH LOAN IS WEIGHTED BY ITS DOLLAR AMOUNT.

1/ THE CHANCES ARE ABOUT 2 OUT OF 3 THAT THE AVEBAGE RATE SHOWN WOULD DIFFER BY LESS THAN THIS AMOUNT FROM THE AVERAGE RATE THAT WOULD BE FOUND BY A COMPLETE SURVEY OF LENDING AT ALL BANKS.

4/ THE INTERQUARTILE RANGE SHOWS THE INTEREST RATE RANGE THAT ENCOMPASSES THE MIDDLE FIFTY PERCENT Of THE TOTAL DOLLAR AMOUNT OF LOANS MADE.

5/ HOST "LARGE BANKS* (SURVEY STRATA 1 TO 3) HAD OVER $500 MILLION II TOTAL ASSETS AS Of 9/30/81; I HE SMALLEST BANK SURVEYED IN THIS GBOUP HAD TOTAL ASSETS Of $290 MILLION. HOST "OTHER BANKS" (SUSVEI STRATA 4 TO 6) HAD TOTAL ASSETS BELOW $500 MILLION; THE LARGEST BANK SUBVEXED IN THIS GROUP HAD TOTAL ASSETS OF $1,336 MILLION. PBREB THAN 10 SAMPLE LOANS.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis