A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, February 3-7, 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)          1,393,779  129,916  244,586   457,432     250,973   85,270     55,524       170,077
Number of loans                                    35,734    3,742    7,121    11,236       6,228    1,921      1,370         4,116
Weighted average maturity (months) 1                24.08    32.46    32.27     19.11       17.79    11.83      19.77         34.91
Weighted average repricing interval (months) 2       7.85    19.58     9.25      6.46        2.23      .44       7.30         12.60
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                     5.73     6.34     6.37      5.37        5.20     5.65       5.28          6.27
  Standard error 5                                    .22      .46      .19       .34         .30      .44        .56           .25
  Interquartile range 6
    75th percentile                                  6.91     7.25     7.25      6.85        6.17     6.45       7.00          7.17
    25th percentile                                  4.33     5.25     5.64      3.82        4.32     4.33       3.70          5.50
  Purpose of loan
    Feeder livestock                                 5.38     5.73     5.97      4.77        4.56     6.28       7.71          6.04
    Other livestock                                  5.17     5.39     6.75      4.28        4.74     5.89       7.93          6.31
    Other current operating expenses 7               6.01     6.05     6.55      5.98        5.55     5.59       5.84          6.21
    Farm machinery and equipment                     6.23     6.39     6.64      5.69        5.49     4.73       7.23          6.89
    Farm real estate                                 6.17     7.65     5.93      5.30        7.14     7.12       4.44          5.82
    Other 8                                          4.95     7.04     5.78      5.02        4.56     5.48       3.95          6.66

Share of total loan volume
  Features of loan
    Floating rates                                  72.07    38.59    62.37     78.66       91.07    96.25      66.06         55.70
    Under commitment                                65.51    30.29    61.12     74.39       84.10    65.99      69.02         45.98
    Callable                                        22.21    44.01    27.84     14.33        7.43    35.14       5.21         39.55
    Subject to prepayment penalty                    3.92     1.23      .71      5.36        4.79    17.31        .04           .01
  Purpose of loan
    Feeder livestock                                12.54     8.63    19.82     11.75       13.09     9.29       6.50          9.95
    Other livestock                                  6.27     5.85     3.86      8.43        5.71     3.13       5.23          7.02
    Other current operating expenses 7              46.80    58.15    49.53     38.82       44.44    75.67      29.83         50.26
    Farm machinery and equipment                     9.36     4.94    14.00      8.50        8.12      .30       7.12         15.50
    Farm real estate                                 8.03    18.67     9.75      4.65        4.60      .02      15.91         13.05
    Other 8                                         16.99     3.76     3.05     27.85       24.05    11.59      35.41          4.22
  Type of collateral
    Farm real estate                                16.33    37.60    17.87     14.45        9.08     7.00      12.65         19.53
    Other                                           79.32    60.41    74.36     79.87       87.81    91.89      83.58         79.19
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   For explanation of footnotes, see table A.8.
   n.a. Not available.

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