A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, February 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)          1,590,198  139,614  221,099   461,222     348,834   65,544    150,733       203,152
Number of loans                                    33,697    3,230    5,676    11,337       6,805    1,229      1,206         4,214
Weighted average maturity (months) 1                19.83    26.49    18.20     18.22       18.36    18.60      30.48         16.11
Weighted average repricing interval (months) 2       5.97     8.59     5.73      6.24        6.19     3.19       5.73          4.48
Weighted average risk rating 3                       2.98     1.00     2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                     5.42     6.02     5.46      5.37        5.21     5.18       4.99          5.81
  Standard error 5                                    .14      .30      .30       .22         .12      .49        .42           .32
  Interquartile range 6
    75th percentile                                  6.50     6.98     6.46      6.43        6.45     7.27       6.50          6.75
    25th percentile                                  4.08     5.06     4.08      4.07        4.07     3.30       3.30          5.12
  Purpose of loan
    Feeder livestock                                 5.21     5.55     3.95      5.62        4.46     4.00       6.30          6.93
    Other livestock                                  5.89     5.08     5.98      5.51        4.89     3.73       5.80          7.09
    Other current operating expenses 7               5.66     6.36     5.68      5.65        5.39     5.58       5.41          6.04
    Farm machinery and equipment                     5.47     5.87     5.84      4.54        6.47     3.35       6.06          6.53
    Farm real estate                                 5.89     5.14     6.30      6.08        5.25     n.a.       6.24          6.78
    Other 8                                          4.46     3.18     4.74      4.67        4.39     4.03       2.94          4.96

Share of total loan volume
  Features of loan
    Floating rates                                  68.94    48.39    69.82     64.14       73.43    94.34      75.07         72.54
    Under commitment                                70.61    66.42    73.13     77.38       66.71    72.06      51.74         75.63
    Callable                                        23.09    34.22    26.41     29.33       13.67     5.73       7.18         31.25
    Subject to prepayment penalty                    4.82     3.19     3.13      7.47        1.07      .03      16.81           .80
  Purpose of loan
    Feeder livestock                                 6.56    14.85    12.54      3.45        5.12     1.58        .18         10.20
    Other livestock                                  6.82     4.14    12.15      4.93        4.66     3.59       4.72         13.42
    Other current operating expenses 7              55.24    66.48    53.50     61.12       64.78    76.32      42.06         22.68
    Farm machinery and equipment                     8.23     3.09     7.99     11.32        5.81     2.96      17.34          4.10
    Farm real estate                                 4.54    10.72     4.72      3.41        2.94     n.a.      10.05          2.77
    Other 8                                         18.62      .71     9.10     15.77       16.69    15.56      25.66         46.83
  Type of collateral
    Farm real estate                                13.01     7.82    18.95     11.89       14.28    26.46       3.52         13.14
    Other                                           78.72    87.18    79.73     75.27       81.42    73.29      73.36         80.68
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   For explanation of footnotes, see table A.8.
   n.a. Not available.

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