A.7.

Distribution of Dollar Amount of Non-real-estate Farm Loans, by Effective Interest Rate
Percent
Effective interest rate (percent)

Quarter

All
rates

Zero
to
5.0

5.0
to
5.9

6.0
to
6.9

7.0
to
7.9

8.0
to
8.9

9.0
to
9.9

10.0
to
10.9

11.0
to
11.9

12.0
to
12.9

13.0
to
13.9

14.0
to
14.9

15.0
to
15.9

16.0
to
16.9

17.0
to
17.9

18.0
to
18.9

19.0
to
19.9

20.0
to
20.9

11.00
4.00
4.00
*
14.00
.01
.01
4.00
.01
3.00
22.45
23.90

13.00
14.00
23.00
3.00
14.00
6.00
3.00
4.00
.01
8.00
17.77
21.19

18.00
22.00
21.00
14.00
19.00
11.00
14.00
12.00
4.00
29.00
22.77
18.64

23.00
18.00
22.00
11.00
15.00
20.00
31.00
37.00
19.00
31.00
10.15
6.55

17.00
16.00
20.00
35.00
18.00
30.00
30.00
30.00
36.00
22.00
2.75
1.77

10.00
20.00
4.00
24.00
15.00
21.00
14.00
11.00
27.00
5.00
.77
.51

7.00
5.00
2.00
11.00
3.00
9.00
7.00
2.00
11.00
2.00
.00
.08

1.00
1.00
.01
1.00
1.00
2.00
1.00
.01
2.00
.39
.00
.08

*
*
.01
1.00
.01
.01
.01
.01
.01
.07
.00
*

*
*
.01
*
.01
.01
.01
*
.01
.03
.00
.03

*
*
*
*
*
.01
.01
.01
.01
.01
.00
*

*
*
*
.01
.01
.01
*
*
*
*
.00
*

*
*
*
*
*
*
*
*
*
*
.00
*

*
*
*
*
*
*
*
*
*
*
.00
*

*
*
*
*
*
*
.01
*
*
*
.00
*

*
*
*
*
*
*
*
*
*
*
*
*

1992: Q2...
1993: Q2...
1994: Q2...
1995: Q2...
1996: Q2...
1997: Q2...
1998: Q2...
1999: Q2...
2000: Q2...
2001: Q2...
2002: Q2...
2003: Q2...

100
*
100
*
100 4.00
100
*
100
*
100
*
100
*
100
.01
100
.01
100
.01
100 23.24
100 27.25

1999: Q4...

100

.01

.01

3.00

9.00 30.00

36.00

17.00

5.00

1.00

.01

.01

*

*

*

*

*

*

2000: Q1...
Q2...
Q3...
Q4...

100
100
100
100

*
.01
.01
*

.01
.01
.01
.01

5.00
.01
1.00
.01

4.00
4.00
1.00
3.00

30.00
19.00
16.00
15.00

36.00
36.00
30.00
30.00

18.00
27.00
28.00
34.00

6.00
11.00
19.00
13.00

1.00
2.00
5.00
4.00

.01
.01
1.00
.01

.01
.01
.01
.01

*
.01
.01
.01

*
*
.01
*

*
*
.01
*

*
*
*
.01

*
*
*
*

*
*
*
*

2001: Q1...
Q2...
Q3...
Q4...

100
.01
100
.01
100 1.10
100 21.20

*
3.00
9.00
32.80

8.00
8.00
23.00
13.60

7.00
29.00
25.00
16.40

28.00
31.00
25.00
10.50

33.00
22.00
12.00
4.10

17.00
5.00
3.00
.90

5.00
2.00
1.00
.30

2.00
.39
.26
.10

.01
.07
.01
.00

.01
.03
*
.00

*
.01
*
*

.01
*
*
*

.01
*
*
*

.01
*
*
*

*
*
*
*

*
*
*
*

2002: Q1...
Q2...
Q3...
Q4...

100
100
100
100

23.76
23.24
26.33
38.69

17.31
22.45
27.25
23.76

19.76
17.77
18.41
14.20

23.14 10.76
22.77 10.15
15.57 8.76
12.97 7.73

4.30
2.75
2.82
2.02

.80
.77
.49
.44

.00
.00
.29
.04

.00
.00
.06
.04

*
.00
*
.04

.00
.00
*
.02

.00
.00
*
.02

*
.00
*
*

.00
.00
*
*

*
.00
*
*

.00
.00
.02
.02

*
*
*
*

2003: Q1...
Q2...

100 37.28
100 27.25

22.16
23.90

18.64
21.19

14.73
18.64

1.72
1.77

.47
.51

.02
.08

.02
.08

*
*

*
.03

*
*

*
*

*
*

*
*

.07
*

*
*

4.88
6.55

Note. Non-real-estate farm loans of $1,000 or more made by insured commercial banks. Effective (compounded) annual interest rates are calculated
from the stated rate and other terms of the loans and weighted by loan size. Percentages may not sum to 100 because of rounding.
* Indicates value of zero.
Source. Federal Reserve Survey of the Terms of Bank Lending to Farmers, conducted during the first full business week of the second month of each
quarter.

11