A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, May 5-9, 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)          1,095,971   90,597  182,827   352,272     191,202   56,655     65,653       156,766
Number of loans                                    38,582    2,940    6,345    13,264       6,186    1,286      1,842         6,718
Weighted average maturity (months) 1                27.01    19.00    26.68     25.51       27.52    17.63      17.95         41.07
Weighted average repricing interval (months) 2      10.80    13.76     6.90      9.92        3.77     2.91       6.32         28.43
Weighted average risk rating 3                       2.93     1.00     2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                     6.04     6.76     6.48      5.72        5.53     6.72       5.18          6.56
  Standard error 5                                    .12      .26      .21       .32         .43      .33        .44           .15
  Interquartile range 6
    75th percentile                                  7.14     8.11     7.38      6.97        6.50     7.50       6.61          7.28
    25th percentile                                  5.05     6.25     5.39      4.55        4.33     5.90       3.62          5.90
  Purpose of loan
    Feeder livestock                                 5.64     6.19     6.86      4.55        5.30     5.63       5.43          6.07
    Other livestock                                  5.71     4.49     6.79      5.20        4.64     6.31       7.51          6.62
    Other current operating expenses 7               6.37     6.95     6.54      6.23        5.90     6.71       5.51          6.64
    Farm machinery and equipment                     6.18     8.43     6.96      5.79        5.14     7.46       6.89          6.75
    Farm real estate                                 6.50     5.84     6.64      6.56        6.61     6.55       6.08          6.21
    Other 8                                          5.24     6.38     5.99      4.69        4.71     6.17       4.35          6.39

Share of total loan volume
  Features of loan
    Floating rates                                  64.12    38.31    53.87     68.02       91.59    84.92      74.94         36.67
    Under commitment                                67.75    71.47    66.41     63.23       89.65    81.42      74.97         42.60
    Callable                                        21.33    14.35    21.57     25.83       13.89     9.73      17.00         30.05
    Subject to prepayment penalty                    2.08      .21      .62      3.77        3.99      .50        .43          n.a.
  Purpose of loan
    Feeder livestock                                 8.70     6.17    17.21     10.83        3.83     7.05       2.92          4.45
    Other livestock                                  7.38     3.88    11.20      7.22        9.09     2.36       2.70          7.02
    Other current operating expenses 7              47.76    78.74    38.61     41.02       49.51    34.76      40.03         61.52
    Farm machinery and equipment                     7.89      .96      .61      8.42       11.19    29.03       3.87          9.20
    Farm real estate                                 9.31      .48     4.54     15.44        8.51     6.90       8.89          8.19
    Other 8                                         18.95     9.77    27.84     17.07       17.87    19.90      41.59          9.61
  Type of collateral
    Farm real estate                                22.33    33.19    23.32     26.32       12.48    16.69      19.13         21.28
    Other                                           71.13    63.89    71.89     64.09       82.20    82.69      69.90         73.11
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   For explanation of footnotes, see table A.8.
   n.a. Not available.

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