A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, May 3-7, 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)          1,404,564   89,739  164,223   420,202     312,073   50,595     51,305       316,425
Number of loans                                    39,705    3,404    6,945    15,867       6,437    1,514      1,722         3,816
Weighted average maturity (months) 1                21.58    25.32    21.91     22.28       25.23     6.38      12.70         19.51
Weighted average repricing interval (months) 2       5.49    15.18     8.95      5.24        2.71      .79       5.66          4.68
Weighted average risk rating 3                       3.07     1.00     2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                     5.29     5.77     5.73      5.37        4.65     5.60       5.14          5.41
  Standard error 5                                    .15      .29      .14       .25         .28      .53        .51           .19
  Interquartile range 6
    75th percentile                                  6.18     6.61     6.75      6.54        5.51     6.96       6.28          5.27
    25th percentile                                  4.07     4.86     4.60      4.07        3.56     4.33       3.69          5.12
  Purpose of loan
    Feeder livestock                                 4.86     4.78     5.64      4.70        4.01     4.09       6.64          5.68
    Other livestock                                  5.38     3.64     4.78      6.08        4.96     5.36       6.51          6.47
    Other current operating expenses 7               5.48     6.32     6.21      5.66        4.52     5.97       5.35          5.83
    Farm machinery and equipment                     5.43     6.73     5.85      5.36        4.52     8.38       7.05          6.93
    Farm real estate                                 5.76     5.35     5.84      6.28        5.24     6.00       6.03          5.78
    Other 8                                          4.81     4.55     4.74      4.06        5.09     4.76       4.27          5.10

Share of total loan volume
  Features of loan
    Floating rates                                  76.85    42.78    48.52     77.56       91.40    92.02      57.65         86.60
    Under commitment                                76.28    39.36    66.03     76.39       91.34    83.25      69.52         77.06
    Callable                                        19.78    17.25    29.44     22.11        8.63     2.17      28.18         24.82
    Subject to prepayment penalty                    3.44    19.52     1.18      2.25        5.44     3.47       1.08           .04
  Purpose of loan
    Feeder livestock                                 5.30     1.27     4.65      4.86        6.55     8.39       1.63          6.22
    Other livestock                                  6.82     4.95    16.65      6.16        6.48     9.27       3.48          3.61
    Other current operating expenses 7              46.13    48.91    53.06     54.77       57.99    62.23      25.68         19.33
    Farm machinery and equipment                     5.62     3.07     6.02      8.94        6.67     2.27       8.29           .81
    Farm real estate                                 9.48    40.42     9.00      7.47        3.36      .58      14.21         10.34
    Other 8                                         26.64     1.39    10.62     17.80       18.95    17.27      46.72         59.69
  Type of collateral
    Farm real estate                                17.86    44.28    24.49     13.06       15.88    14.21      15.48         16.22
    Other                                           78.63    49.10    72.15     81.38       81.10    84.54      79.47         83.20
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   For explanation of footnotes, see table A.8.
   n.a. Not available.

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