A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, November 2-6, 2009
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)          1,528,063  110,090  150,791   481,854     407,947  119,024     21,388       236,969
Number of loans                                    25,414    1,554    3,891    10,323       4,817    1,037        192         3,600
Weighted average maturity (months) 1                15.33    12.91    20.37     15.69       16.84     9.60      11.63         12.94
Weighted average repricing interval (months) 2       5.24     4.43    16.70      5.87        2.54     1.14      10.37          3.27
Weighted average risk rating 3                       3.22     1.00     2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                     4.63     3.82     5.97      4.48        4.03     4.24       5.52          5.61
  Standard error 5                                    .24      .54      .22       .43         .58      .67        .83           .36
  Interquartile range 6
    75th percentile                                  6.11     5.33     6.97      5.60        5.10     4.59       5.64          6.25
    25th percentile                                  3.29     1.40     5.35      3.29        3.04     3.30       5.64          4.60
  Purpose of loan
    Feeder livestock                                 4.54     2.04     5.77      5.69        5.11     4.37       5.85          4.64
    Other livestock                                  4.68     7.15     6.47      5.40        3.95     3.81       6.75          7.59
    Other current operating expenses 7               5.06     5.30     6.06      4.84        4.16     4.79       6.96          6.03
    Farm machinery and equipment                     4.43     6.62     7.23      3.96        4.54     9.94       7.12          6.21
    Farm real estate                                 6.02     4.28     5.89      6.24        6.45     n.a.       5.64          6.42
    Other 8                                          3.41     5.92     4.03      3.00        3.50     3.76       3.30          3.38

Share of total loan volume
  Features of loan
    Floating rates                                  79.43    77.31    34.80     81.52       92.87    88.11      13.59         82.98
    Under commitment                                77.84    57.71    53.11     87.42       92.53    98.58      13.68         53.56
    Callable                                        15.95    11.40    16.43     18.42        9.05     4.08      84.32         24.43
    Subject to prepayment penalty                   26.56    42.87     8.27     23.11       45.02    43.05       n.a.          n.a.
  Purpose of loan
    Feeder livestock                                14.45    49.48    31.87     11.95        3.16     6.97       7.92         15.95
    Other livestock                                  5.99     4.34     5.49      1.88       11.21    15.20        .62          2.33
    Other current operating expenses 7              45.55    38.43    38.78     43.12       44.21    41.44       1.47         66.50
    Farm machinery and equipment                     8.19     3.83     3.90     19.47        2.86      .05        .47          3.96
    Farm real estate                                 5.55     1.08    18.13      4.28        3.44     n.a.      82.32          1.71
    Other 8                                         20.26     2.85     1.83     19.30       35.12    36.34       7.20          9.55
  Type of collateral
    Farm real estate                                13.00     1.49    30.07     12.05        8.39     7.50      89.52         13.19
    Other                                           83.98    97.30    65.65     85.97       86.12    92.44      10.38         84.12
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   For explanation of footnotes, see table A.8.
   n.a. Not available.

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