A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, November 1-5, 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)          1,513,777  161,786  346,169   557,250     282,612   64,403     11,098        90,459
Number of loans                                    29,402    3,043    5,103    12,288       4,481    1,127        803         2,557
Weighted average maturity (months) 1                20.45    13.30    19.63     22.35       25.24     8.79      15.84         18.62
Weighted average repricing interval (months) 2       5.94     5.29     9.62      5.21        4.11      .36      13.33          6.28
Weighted average risk rating 3                       2.82     1.00     2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                     5.62     6.92     5.41      5.43        5.45     5.80       6.40          5.63
  Standard error 5                                    .22      .48      .43       .21         .27      .59        .44           .63
  Interquartile range 6
    75th percentile                                  6.76     7.50     6.17      6.45        6.37     6.17       7.28          7.00
    25th percentile                                  4.31     6.61     4.08      4.27        4.54     4.85       5.88          3.82
  Purpose of loan
    Feeder livestock                                 5.46     5.86     5.88      5.39        5.32     5.54       6.12          4.29
    Other livestock                                  5.22     5.91     4.59      6.21        4.61     6.12       6.61          7.34
    Other current operating expenses 7               6.02     7.28     5.54      5.59        5.62     6.21       6.08          7.50
    Farm machinery and equipment                     5.51     6.60     7.25      5.15        5.77     5.39       6.75          6.18
    Farm real estate                                 6.19     2.01     5.75      6.37        6.21     5.78       7.00          6.58
    Other 8                                          4.90     5.95     5.67      4.54        4.52     5.19       6.73          4.76

Share of total loan volume
  Features of loan
    Floating rates                                  72.49    54.91    46.12     84.09       91.14    96.84      23.51         63.88
    Under commitment                                79.82    83.63    75.98     77.25       85.61    97.68      32.24         78.49
    Callable                                        25.61    11.28    56.49     18.70        8.44     2.22      40.49         44.17
    Subject to prepayment penalty                    4.56      .25      .45      7.78        8.38      .01       n.a.          n.a.
  Purpose of loan
    Feeder livestock                                16.07    20.77    21.61     14.61        7.33     1.15       6.05         34.58
    Other livestock                                 11.61     1.39    27.93      6.93        7.40     3.26       1.39         16.73
    Other current operating expenses 7              38.52    73.35    25.27     34.19       47.05    50.21      49.47         17.21
    Farm machinery and equipment                     9.39     2.10     1.60     13.09       14.56    20.63       3.52          6.07
    Farm real estate                                 8.28      .13     7.61     11.71        9.74     4.14       9.65          2.52
    Other 8                                         16.13     2.25    15.99     19.48       13.92    20.61      29.92         22.89
  Type of collateral
    Farm real estate                                10.08     4.01     9.32     11.59       11.93     1.95       9.70         14.61
    Other                                           84.86    94.16    85.79     80.05       86.64    95.11      89.05         80.97
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   For explanation of footnotes, see table A.8.
   n.a. Not available.

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