A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, November 3-7, 2008
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)          1,867,655   90,943  234,017   739,868     500,814   29,526     22,092       250,395
Number of loans                                    28,540    2,305    4,144    13,137       4,351      578        528         3,498
Weighted average maturity (months) 1                26.46     9.06    14.20     22.28       23.94     9.72     187.33         50.15
Weighted average repricing interval (months) 2       7.03     6.32     5.84      9.19        3.33     1.50       2.74         10.41
Weighted average risk rating 3                       3.09     1.00     2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                     4.99     6.16     5.45      4.97        4.36     5.21       6.52          5.28
  Standard error 5                                    .18      .40      .27       .52         .49      .25        .55           .33
  Interquartile range 6
    75th percentile                                  6.17     7.08     6.25      6.40        5.34     6.16       7.50          6.18
    25th percentile                                  3.82     4.60     4.50      3.56        3.51     4.33       6.01          4.08
  Purpose of loan
    Feeder livestock                                 4.73     5.43     5.52      4.94        4.03     4.80       6.51          4.27
    Other livestock                                  5.22     7.41     5.26      5.53        4.50     4.07       5.74          6.26
    Other current operating expenses 7               5.08     6.32     5.47      4.97        4.14     5.67       7.52          5.97
    Farm machinery and equipment                     6.47     8.11     6.32      6.62        5.70    11.07       7.50          6.42
    Farm real estate                                 6.09     6.42     5.63      6.80        4.79     n.a.       7.50          6.38
    Other 8                                          4.07     4.62     4.63      3.75        4.35     4.39       2.81          4.47

Share of total loan volume
  Features of loan
    Floating rates                                  78.36    32.09    58.18     83.79       88.68    79.14      79.11         77.15
    Under commitment                                76.03    59.97    64.04     84.64       83.28    97.37      72.75         50.93
    Callable                                        16.61    42.67    23.20     23.21        3.70     6.04       2.22          9.79
    Subject to prepayment penalty                    3.09      .59     2.53      6.24         .79     n.a.       n.a.           .42
  Purpose of loan
    Feeder livestock                                12.51    25.86    20.23      5.53        5.27      .81       1.66         37.88
    Other livestock                                 11.12     7.86     7.93     11.73       16.13     1.71       3.59          5.22
    Other current operating expenses 7              41.68    57.11    58.90     44.28       34.18    61.86      17.34         27.08
    Farm machinery and equipment                     2.57      .76     2.41      3.15        1.43      .48       7.56          3.77
    Farm real estate                                11.06     6.56     6.10     10.19       11.87     n.a.      50.51         16.13
    Other 8                                         21.05     1.85     4.44     25.11       31.12    35.14      19.34          9.87
  Type of collateral
    Farm real estate                                16.75     8.94     7.43     16.39        6.13     5.47      50.51         48.90
    Other                                           80.39    86.55    87.64     80.77       92.47    94.53      43.37         47.70
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   For explanation of footnotes, see table A.8.
   n.a. Not available.

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