A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, May 5-9, 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)          1,815,415  141,348  257,776   726,464     378,494   80,688     52,664       177,983
Number of loans                                    30,854    2,584    4,403    12,346       5,671      761      1,160         3,929
Weighted average maturity (months) 1                29.47    38.43    39.18     31.53       16.40    32.11      18.01         29.37
Weighted average repricing interval (months) 2      13.02    30.52    25.78     10.06        6.15     1.05      11.59         13.16
Weighted average risk rating 3                       3.00     1.00     2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                     5.84     6.43     6.11      5.79        5.32     5.86       6.54          6.09
  Standard error 5                                    .24      .11      .24       .26         .40      .25        .52           .41
  Interquartile range 6
    75th percentile                                  6.72     6.88     6.66      6.72        6.08     6.09       6.76          7.02
    25th percentile                                  4.91     6.01     5.39      4.85        4.46     5.61       5.98          5.12
  Purpose of loan
    Feeder livestock                                 5.54     5.99     5.39      5.96        5.32     6.27       7.77          4.82
    Other livestock                                  5.81     6.38     6.45      5.85        4.41     4.18       7.90          7.51
    Other current operating expenses 7               6.10     6.47     6.25      6.03        5.82     5.68       6.78          6.18
    Farm machinery and equipment                     5.93     7.02     7.03      6.29        5.05     5.63       9.09          6.32
    Farm real estate                                 6.43     6.60     6.59      6.02        6.06     7.88       6.15          7.16
    Other 8                                          5.06     6.08     4.28      4.96        4.90     5.77       5.49          5.34

Share of total loan volume
  Features of loan
    Floating rates                                  69.95    45.48    49.20     75.27       79.32    88.53      72.24         68.67
    Under commitment                                69.50    57.66    76.23     72.60       84.76    53.08      86.80         26.33
    Callable                                        19.93    15.17    31.71     25.36        6.56     4.60      18.46         20.32
    Subject to prepayment penalty                    3.94      .27    13.50      2.73        3.93     1.18       n.a.           .36
  Purpose of loan
    Feeder livestock                                 4.81     9.05     7.91      3.61        1.39      .69       2.05         11.78
    Other livestock                                  6.68     4.38    15.09      5.43        6.94     4.48       6.84          1.83
    Other current operating expenses 7              45.49    58.02    39.32     52.45       36.14    23.20      50.81         44.50
    Farm machinery and equipment                     6.33     2.26     4.26      5.21       11.95     2.91       3.39          7.60
    Farm real estate                                13.29    18.35    22.50     11.09        8.60     8.67      10.10         17.90
    Other 8                                         23.41     7.95    10.92     22.22       34.98    60.06      26.82         16.38
  Type of collateral
    Farm real estate                                19.06    23.88    25.91     16.59       17.78    10.12      15.01         23.38
    Other                                           77.58    74.98    70.14     78.49       80.02    88.58      81.61         75.33
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   For explanation of footnotes, see table A.8.
   n.a. Not available.

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