A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, August 4-8, 2003
Percent except as noted
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Loan characteristic                                All     Minimal    Low    Moderate  Acceptable  Special  Not rated  Not reported
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Volume of loans (thousands of dollars)          1,013,946   49,215  160,403   319,585     270,586   80,640     38,849        94,669
Number of loans                                    32,794    2,645    5,194    11,557       6,571    1,443      1,189         4,195
Weighted average maturity (months) 1                32.04     9.58    55.67     25.52       24.25    12.55      22.05         67.59
Weighted average repricing interval (months) 2       6.56     2.28     5.20      6.28        2.74      .45       3.07         29.44
Weighted average risk rating 3                       3.20     1.00     2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                     5.34     5.44     5.57      5.47        4.46     6.07       5.30          6.41
  Standard error 5                                    .11      .44      .20       .16         .22      .31        .50           .23
  Interquartile range 6
    75th percentile                                  6.50     6.55     6.61      6.82        5.12     7.76       6.18          7.25
    25th percentile                                  4.07     3.87     4.60      4.07        3.55     4.85       4.07          5.62
  Purpose of loan
    Feeder livestock                                 4.87     4.86     4.54      6.80        3.63     4.63       4.65          6.61
    Other livestock                                  5.57     5.69     5.31      6.45        4.26     4.66       7.89          7.70
    Other current operating expenses 7               5.42     5.53     6.16      5.53        4.59     5.50       5.60          6.20
    Farm machinery and equipment                     6.12     6.81     6.68      6.48        4.60     7.69       6.06          6.72
    Farm real estate                                 6.12     n.a.     5.84      6.16        5.21     n.a.       6.54          6.83
    Other 8                                          4.65     6.52     4.66      4.19        4.50     6.76       4.03          5.39

Share of total loan volume
  Features of loan
    Floating rates                                  76.68    69.21    57.89     74.70       96.85    97.89      76.43         43.51
    Under commitment                                70.41    84.80    64.55     69.49       84.79    85.19      48.60         31.24
    Callable                                        15.07    16.42    24.75     19.86        5.27    13.37        .60         17.15
    Subject to prepayment penalty                    4.48      .94     1.14      3.54       11.00     2.51       n.a.          n.a.
  Purpose of loan
    Feeder livestock                                12.62    37.36    21.75      8.04       14.00     5.32       1.40          6.67
    Other livestock                                  6.76    14.40    16.04      5.89        4.16     3.14       1.17          2.78
    Other current operating expenses 7              42.83    36.40    39.51     43.51       44.00    51.48      46.80         37.12
    Farm machinery and equipment                     8.14     8.03      .84      8.44        8.99    15.32      14.18          8.55
    Farm real estate                                10.45     n.a.    19.01      8.03        6.12     n.a.       7.88         31.84
    Other 8                                         19.21     3.81     2.84     26.09       22.74    24.74      28.57         13.05
  Type of collateral
    Farm real estate                                17.06     4.10    24.91     13.95       12.47    17.41       7.94         37.52
    Other                                           77.09    94.68    70.74     76.75       86.03    80.98      86.75         47.04
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   For explanation of footnotes, see table A.8.
   n.a. Not available.

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