A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, August 2-6, 2004
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)          1,181,257   48,512  194,695   434,333     189,847   30,152     30,719       253,000
Number of loans                                    33,547    2,450    7,656    12,594       4,026    1,003      1,263         4,556
Weighted average maturity (months) 1                17.96    14.02    30.05     21.69       13.87     6.95      21.93          7.06
Weighted average repricing interval (months) 2       7.61     8.98    22.96      7.24         .63      .36       8.93          2.13
Weighted average risk rating 3                       2.95     1.00     2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                     5.51     6.15     6.05      5.31        4.93     6.02       5.53          5.68
  Standard error 5                                    .10      .15      .20       .13         .17      .54        .45           .28
  Interquartile range 6
    75th percentile                                  6.43     7.08     6.81      6.50        5.64     7.47       6.62          5.39
    25th percentile                                  4.34     5.58     5.30      4.33        4.32     4.59       4.32          5.39
  Purpose of loan
    Feeder livestock                                 5.34     6.29     5.17      5.32        4.19     8.14       5.75          7.12
    Other livestock                                  5.54     3.92     5.95      5.48        4.03     4.87       7.16          7.10
    Other current operating expenses 7               5.84     6.74     6.27      5.55        5.27     6.48       5.89          6.94
    Farm machinery and equipment                     5.65     5.44     6.35      5.55        4.67     4.75       7.84          6.51
    Farm real estate                                 5.33     6.73     5.75      4.91        5.21     5.71       6.96          6.60
    Other 8                                          5.07     4.00     5.97      4.57        4.74     4.30       4.59          5.34

Share of total loan volume
  Features of loan
    Floating rates                                  73.67    39.65    46.70     72.76       96.44    92.25      64.71         84.28
    Under commitment                                74.48    49.96    46.57     74.70       87.53    92.61      65.21         89.47
    Callable                                        20.23    21.86    40.93     24.40        9.70     4.75       5.62          8.34
    Subject to prepayment penalty                     .86     2.98      .04      1.15        1.35      .67       2.82          n.a.
  Purpose of loan
    Feeder livestock                                 4.20    10.92     4.86      4.14        5.97     3.75       2.12          1.48
    Other livestock                                 11.90    14.12    28.69     10.19        9.55     8.53       6.87          4.28
    Other current operating expenses 7              38.39    56.97    46.36     40.25       53.05    68.28      37.57         11.02
    Farm machinery and equipment                    10.37     8.92     2.87     19.75        4.68     7.17       7.34          5.35
    Farm real estate                                 6.21     8.08    12.30      8.62        3.67      .14        .31           .37
    Other 8                                         28.93      .99     4.91     17.04       23.08    12.13      45.78         77.51
  Type of collateral
    Farm real estate                                12.10     7.35    20.72     14.84       12.56     1.27      16.11          2.12
    Other                                           82.47    91.94    73.14     77.92       84.58    98.73      70.65         93.54
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   For explanation of footnotes, see table A.8.
   n.a. Not available.

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