Survey of Terms of Bank Lending to Farmers

DRAFT – March 26, 2012

Survey of Terms of Bank Lending to Farmers (FR 2028B) instruction changes
12. Syndication/participation status.
The terms “syndication” and “participation” encompasses a variety of arrangements among
institutions to make loans. When each participating lender agrees in advance to fund and be
at risk only up to a specified percentage of the total credit and the contract is executed by all
participants and the borrower, the arrangement is often referred to as a syndication. When a
lead lender originates the transaction and is the only party to the contract with the borrower
and sells shares as prearranged with others, the arrangement is referred to as a participation.
If the loan amount reported represents your institution’s portion of a participation or
syndication, check whether it was originated by your institution or by other lenders. If the
loan does not represent a participation or syndication with other lenders, check “Not
Syndicated or Participated.”
15. Location of Borrower.
Enter the state where the borrower is headquartered. If the loan was made under syndication
or participation, report “0”.

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