A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, November 6-10, 2006
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)          1,375,464   95,436  234,678   526,370     340,823   38,640     20,719       118,799
Number of loans                                    23,683    2,175    3,966     9,263       4,157      717        518         2,887
Weighted average maturity (months) 1                20.81    13.55    20.06     19.71       19.30    14.46      62.83         33.40
Weighted average repricing interval (months) 2       8.75     6.00    14.61      6.81        5.46     4.48      25.88         16.10
Weighted average risk rating 3                       2.99     1.00     2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                     8.37     8.46     8.72      8.05        8.44     8.86       9.36          8.51
  Standard error 5                                    .27      .24      .10       .39         .25      .33        .32           .20
  Interquartile range 6
    75th percentile                                  9.05     9.16     9.19      8.87        9.00     9.31       9.74          9.14
    25th percentile                                  7.71     7.35     8.06      7.19        7.57     8.04       8.84          7.84
  Purpose of loan
    Feeder livestock                                 8.54     8.63     8.87      8.22        8.08    10.09       9.42          8.53
    Other livestock                                  8.55     8.12     8.94      8.92        8.15     8.00       9.07          8.96
    Other current operating expenses 7               8.62     8.40     8.88      8.53        8.45     9.20       9.23          8.89
    Farm machinery and equipment                     8.95     9.18     7.56      8.63        9.30     8.40       8.60          8.88
    Farm real estate                                 8.34     7.90     8.17      8.47        8.39     8.61       9.15          7.94
    Other 8                                          7.54     8.68     8.13      6.86        8.03     8.88       9.69          8.19

Share of total loan volume
  Features of loan
    Floating rates                                  70.54    39.62    50.96     73.42       93.74    83.21      55.95         53.21
    Under commitment                                78.34    74.13    70.86     82.37       87.83    92.75      48.77         51.85
    Callable                                        19.24    39.33    22.73     16.85       12.16     2.87       7.90         34.45
    Subject to prepayment penalty                    3.21      .25     9.26      2.88        1.56     1.88       n.a.           .80
  Purpose of loan
    Feeder livestock                                14.88    36.84    27.58     11.17        5.47     5.73       4.53         20.35
    Other livestock                                  9.23     9.89    11.16      5.92       12.58    22.76       9.66          5.52
    Other current operating expenses 7              36.90    45.31    41.81     37.88       31.80    37.34      24.76         32.65
    Farm machinery and equipment                     8.17     2.99     2.83      7.15       18.13     1.14       1.92          2.26
    Farm real estate                                 9.32     4.11    10.80      9.80        7.54     1.57      22.44         13.75
    Other 8                                         21.50      .86     5.82     28.07       24.47    31.45      36.70         25.47
  Type of collateral
    Farm real estate                                15.35     7.86    20.22     15.43       10.20     2.48      52.12         23.97
    Other                                           80.25    85.84    75.95     78.95       86.57    97.26      47.10         72.18
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   For explanation of footnotes, see table A.8.
   n.a. Not available.

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