A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, November 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)          1,157,387   57,795  155,039   377,298     294,749   59,900     43,776       168,830
Number of loans                                    32,144    2,878    4,906    11,227       6,539    1,369      1,392         3,833
Weighted average maturity (months) 1                19.38    12.97    30.78     20.95       13.05    23.59      18.60         17.37
Weighted average repricing interval (months) 2       4.59     8.13     5.12      5.05        1.89      .85       9.11          6.98
Weighted average risk rating 3                       3.15     1.00     2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                     5.04     6.16     5.91      4.94        4.32     5.17       4.30          5.46
  Standard error 5                                    .15      .30      .16       .23         .14      .14        .77           .28
  Interquartile range 6
    75th percentile                                  6.18     7.14     6.52      6.43        5.06     6.17       6.30          6.16
    25th percentile                                  3.82     5.11     5.51      3.55        3.30     3.82       2.46          4.04
  Purpose of loan
    Feeder livestock                                 4.69     6.39     6.22      4.13        3.45     5.01       6.27          5.93
    Other livestock                                  5.44     5.78     5.68      5.67        3.93     4.20       6.01          7.51
    Other current operating expenses 7               5.19     5.91     5.79      5.33        4.84     5.01       5.24          4.78
    Farm machinery and equipment                     5.85     7.16     6.55      5.54        4.63     7.13       6.65          7.23
    Farm real estate                                 6.00     5.96     6.15      5.89        5.61     6.43       6.20          5.93
    Other 8                                          4.31     3.96     4.84      4.09        4.16     5.75       3.15          5.05

Share of total loan volume
  Features of loan
    Floating rates                                  75.30    37.30    61.64     83.65       96.24    98.22      57.89         42.02
    Under commitment                                77.52    49.29    71.01     80.40       95.13    95.14      81.30         48.76
    Callable                                        20.46    16.46    24.73     17.85       11.43     8.40       7.12         47.22
    Subject to prepayment penalty                    2.79      .60    10.18      2.24        2.26      .68        .51           .22
  Purpose of loan
    Feeder livestock                                18.31    34.78    20.15     18.71       20.89     3.01       2.63         15.10
    Other livestock                                 10.05     8.06    19.54      7.38       10.18     8.26       3.24         10.18
    Other current operating expenses 7              41.35    39.27    35.90     46.22       38.05    65.43      23.81         37.96
    Farm machinery and equipment                     5.88     8.60     6.91      6.36        5.66      .18       8.05          4.81
    Farm real estate                                 5.31     8.39    13.17      3.73        3.46     8.56       6.33          2.41
    Other 8                                         19.09      .91     4.34     17.61       21.76    14.56      55.94         29.53
  Type of collateral
    Farm real estate                                 8.65     9.77    16.54      7.70        3.62    14.61      11.26          9.16
    Other                                           86.28    87.20    80.04     83.96       95.07    83.89      58.67         89.55
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   For explanation of footnotes, see table A.8.
   n.a. Not available.

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