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Federal Reserve Bank of Dallas. "Third Quarter 1994," Agricultural Survey (October 1994). https://fraser.stlouisfed.org/title/6345/item/606466, accessed on July 29, 2025.

Title: Third Quarter 1994

Author: Federal Reserve Bank of Dallas
Date: October 1994
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image-container-0 STATISTICAL RELEASE F E D E R A L R E S E R V E B A N K 0 F D A L L A S Quarterly Survey of ·cultural Credit Conditions in the Eleventh Federal Reserve District Third Quarter 1994 Quarterly Survey of Agricultural Credit Conditions is compiled from a survey of Eleventh District agricultural bankers. This publication is prepared by the Federal Reserve Bank of Dallas and is available without charge by writing to the Research Department, Federal Reserve Bank of Dallas, P.O. Box 655906, Dallas, TX 75265- 5906, or by telephoning (214) 922-5254. Agricultural Lending Up Despite Weak Cattle Prices Results of the Dallas Fed's quarterly survey of agricultural credit conditions indicate that the upward trend in agricultural lending continued during the third quarter. More than one-third of the bankers surveyed reported an increase in loan demand during that period. Agricultural loans reported by commer- cial banks in the Eleventh District of the Federal Reserve System already had reached a record $4.6 billion at the end of the second quarter, and that figure should increase through the rest of the year. Bankers reporting an increase in loan demand in the third quarter outnumbered those reporting a de- cline by more than two to one. Looking ahead to the fourth quarter, responding bankers expected an District Land Values 1987 dol lars per acre 1,200 1,000 (Continued on page 4) Agricultural Credit Conditions at Survey Banks In the Eleventh District Demand for Loans Percent 100 80 60 40 20 1989 1990 1991 1992 Less • Same • Greater 1993 Funds Available for Add itional Lending Percent 100 80 60 1994 800 For questions regarding information in the release, contact Kelly George, (214) 922-5 175, or Michelle Thomas, (214) 922-5178. 600 400 200 /--', ' ' .... Ranchland- - Dry land --- ------- ... ·52 '83 '84 '85 '86 ·57 '88 '89 ·90 ·91 ·92 ·93 '94 40 20 1989 1990 1991 1992 1993 Less • Same • Greater 1994
image-container-1 STATISTICAL RELEASE Agricultural Credit Conditions at Survey Banks In the Eleventh District Rate of Loan Repayment Percent 100 80 60 Loan-Deposit Ratios at Survey Banks Average Actual and Desi red Ratios Percent ~~~~~~~~~~~~~~~~ 60 40 55 50 20 Actual Ratio 40 1989 1990 1991 1992 1993 1994 Less Same • Greater II Desired Ratio 35 1993:3 1993:4 1994:1 1994:2 1994:3 Renewals or Extensions of Loans Percent 100 80 DISTRIBUTION OF LOAN-DEPOSIT RATIOS 60 Banks Reporting (Percent) 19 9 3 1994 Ratio Oct. 1 Jan. 1 Apr. 1 Jul. 1 Oct. 1 40 Less than 41% 46 45 47 48 41 41% to 50% 21 21 20 18 18 20 51% to 60% 16 17 18 17 16 61% to 70% 9 8 10 13 14 More than 70% 8 9 6 5 12 1989 1990 1991 1992 1993 1994 INTEREST RATES-FIXED Less Same • Greater Average Rate (Percent) Amount of Collateral 1993 1994 Loan Type Oct. 1 J an. 1 Apr. 1 Jul. 1 Oct. 1 Percent 100 Feeder cattle 9.12 9.06 9.16 9.63 10.05 Other farm operating 9.37 9.32 9.34 9.81 10.11 Intermediate term 9.46 9.42 9.40 9.74 10.07 80 Long-term farm real estate 9.34 9.21 9.24 9.67 10.14 60 INTEREST RATES-VARIABLE 40 Average Rate (Percent) 1993 1994 Loan Type Oct. 1 Jan. 1 Apr. 1 J u l. 1 Oct. 1 20 Feeder cattle 7.94 7.94 8.58 9.62 8.17 Other farm operating 8.20 8.17 8.80 9.68 8.18 Intermed iate term 8.06 8.08 8.73 9.62 8.14 1989 1990 1991 1992 1993 1994 Long-term farm real estate 7.96 7.99 8.61 9.48 8.10 Less Same • Greater
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