A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, November 4-8, 2002
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)          1,107,492  114,457  226,275   277,455     249,121   59,903     91,262        89,018
Number of loans                                    33,345    3,405    5,603    11,157       6,866    1,094        971         4,249
Weighted average maturity (months) 1                21.11    14.27    49.38     10.99       13.13     5.43      21.59         21.55
Weighted average repricing interval (months) 2       5.13     2.85    10.39      2.21        1.93      .77       1.08         19.13
Weighted average risk rating 3                       2.91     1.00     2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                     5.56     6.77     5.39      5.35        5.14     5.42       5.07          6.81
  Standard error 5                                    .33      .29      .48       .42         .21      .46        .39           .30
  Interquartile range 6
    75th percentile                                  7.19     7.50     7.38      7.00        5.64     5.90       5.89          7.47
    25th percentile                                  4.21     6.75     3.30      3.56        4.33     4.59       4.25          6.14
  Purpose of loan
    Feeder livestock                                 5.68     6.74     4.97      6.69        5.22     4.51       5.76          6.39
    Other livestock                                  5.45     5.11     7.12      4.71        4.54     4.22       6.75          6.85
    Other current operating expenses 7               6.15     6.98     6.54      5.76        5.50     6.06       5.58          7.30
    Farm machinery and equipment                     7.11     9.10     6.60      6.85        6.27     n.a.       8.11          7.40
    Farm real estate                                 5.87     5.93     6.07      5.26        5.42     7.50       4.38          6.19
    Other 8                                          4.29     6.23     3.57      4.13        4.85     4.48       4.09          6.06

Share of total loan volume
  Features of loan
    Floating rates                                  80.33    76.13    77.74     81.68       94.66    92.42      93.11         26.78
    Under commitment                                79.76    80.61    76.91     82.93       90.54    99.74      81.14         30.96
    Callable                                        12.16    15.65    11.07     12.50       12.10      .95       1.86         27.67
    Subject to prepayment penalty                    2.67      .34      .49      7.14        1.40     4.47       2.31          n.a.
  Purpose of loan
    Feeder livestock                                12.20     5.36    18.10      9.34       11.56     3.12      18.31         16.49
    Other livestock                                 10.37     4.98    10.54     12.07       12.98     6.65       2.27         15.04
    Other current operating expenses 7              42.73    76.54    26.12     48.79       38.51    60.47      27.32         38.26
    Farm machinery and equipment                     2.58      .64     2.44      3.65         .99     7.77       5.62          n.a.
    Farm real estate                                 6.79     8.29    13.70      1.64        4.37      .01       2.99         18.65
    Other 8                                         25.33     4.19    29.10     24.52       31.59    29.76      44.01          5.80
  Type of collateral
    Farm real estate                                10.24     6.98    15.04      5.36        8.56     1.92      18.68         19.14
    Other                                           82.61    92.11    82.59     83.83       79.58    92.01      74.90         76.69
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   For explanation of footnotes, see table A.8.
   n.a. Not available.

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