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AGRICULTURAL FINANCE
DATABOOK
April 1978
Monthly Series
Emanuel Melichar
Marian Say re
Division of Research and Statistics
Board of Governors of the Federal Reserve System
Washington, D.C. 20551
Not for general distribution. Inquiries should be addressed t o the authors.
AGRICULTURAL FINANCE
APRIL
OATABOOK—MONTHLY S E R I E S
2
1978
SECTION
200
FARM
LENDING OPERATIONS
210
PRODUCTION
220
FEDERAL
230
LIFE
300
100
200
INSURANCE
TABLES
OF NONBANK
INSTITUTIONS
.3
ASSOCIATIONS
10
LAND BANKS
AGRICULTURAL
UPDATED
CREDIT
AND E X P E R I E N C E
FOR
18
COMPANIES
BANKING DATA
AGR I C t i L T H R A I
F f N A N C t p DATABOOK—ANNUAL
SERIES
28
O U T S T A N D I N G FARM D E B T — T O T A L , REAL E S T A T E , AND N O N - R E A L - E S T A T E
FARM L E N D I N G O P E R A T I O N S AND E X P E R I E N C E OF NONBANK I N S T I T U T I O N S
Overview
similar
but are
revised
t i o n of
Pages 28-31 of t h i s i s s u e present recent USDA compilations and e s t i m a t e s of farm debt that update
t a b l e s in the Annual S e r i e s Databook. Data f o r banks and l i f e insurance companies are preliminary
not l i k e l y to d i f f e r much from f i n a l f i g u r e s . Data f o r " i n d i v i d u a l s and others i s l i k e l y to be
l a t e r t h i s year on the b a s i s of information received and a n a l y s e s conducted in the course of preparathe Balance Sheet of the Farming Sector and the Agricultural Finance Outlook.
Page 32 updates Table 201.1 A of the Annual S e r i e s Databook, the summary of r e l a t i v e annual changes
in farm lending operations and e x p e r i e n c e of the Production Credit A s s o c i a t i o n s , Federal Land Banks, and l i f e
insurance companies. For PCA's and FLB's, updates of the d e t a i l e d annual t a b l e s found in Section 200 of the
Annual S e r i e s Databook were presented in the January 1978 i s s u e of the Monthly S e r i e s Databook. The annual
t a b l e s f o r l i f e insurance companies can be updated from data in the monthly t a b l e s in t h i s i s s u e .
In t h i s i s s u e , data through March i n d i c a t e that the seasonal i n c r e a s e in outstanding loans at PCA's
has been r e l a t i v e l y weak. While lending a c t i v i t y was f a i r l y s t r o n g , c o l l e c t i o n s were even s t r o n g e r . Thus
the s e a s o n a l l y - a d j u s t e d s e r i e s f o r loans outstanding d e c l i n e d during the f i r s t quarter.
At Federal Land Banks, the 15 per cent y e a r - o v e r - y e a r i n c r e a s e in outstanding loans as of the end
of March appears to r e f l e c t weakening s i n c e l a s t summer in both new lending and repayments. So f a r t h i s year
the number of t r a n s a c t i o n s is o f f from l a s t y e a r ' s e a r l y pace. Refinancing has continued at high l e v e l s
( r e l a t i v e to o u t s t a n d i n g s ) reached l a s t y e a r , but the rapid growth that marked recent years has abated.
•
•
M
•^
•
•
•
•
•
•
S
•
AGRICULTURAL
210
FINANCE
PRODUCTION C R E D I T
211
LOANS,
EXCEPT
AS N O T E D )
ACTUAL
SEASONALLY
4
5
ADJUSTED
ACTUAL
1 2 - M O N T H MOVING
TOTAL
7
RENEWALS AND C O L L E C T I O N S
213.1
213.3
SOURCE:
(AGRICULTURAL
LOANS MADE AND NEW LOANS
212.1
212.3
213
ASSOCIATIONS
1978
LOANS O U T S T A N D I N G
211.1
211.2
212
APRIL
DATABOOK—MONTHLY S E R I E S
ACTUAL
1 2 - M O N T H MOVING
"PRODUCTION CREDIT
TECHNICAL S E R V I C E S
8
9
TOTAL
A S S O C I A T I O N S — S E L E C T E D MONTHLY LOAN D A T A , "
D I V I S I O N , FARM C R E D I T A D M I N I S T R A T I O N .
DATA I N T H I S S E C T I O N ARE O B T A I N E D FROM TIMELY MONTHLY R E P O R T S WHICH ARE NOT
R E V I S E D TO R E F L E C T ANY S U B S E Q U E N T CHANGES OR C O R R E C T I O N S .
I F ONLY Y E A R - E N D
DATA ON O U T S T A N D I N G LOAN VOLUME ARE R E Q U I R E D , USE THE S E R I E S I N S E C T I O N 1 0 0
OF THE A G R I C U L T U R A L F I N A N C E DATABOOK—ANNUAL S E R I E S . NOVEMBER 1 9 7 7 .
DATA ON LOANS O U T S T A N D I N G AND LOANS MADE DO NOT
F A R M - R E L A T E D B U S I N E S S L O A N S , OR A Q U A T I C L O A N S .
RENEWALS 0 0 I N C L U D E T H E S E L O A N S ; HOWEVER, T H E S E
ONLY 0 . 8 PER C E N T O F T O T A L O U T S T A N D I N G LOANS AT
I N C L U D E RURAL HOME L O A N S ,
DATA ON C O L L E C T I O N S AND
T Y P E S O F LOANS R E P R E S E N T E D
P C A ' S A S O F DECEMBER 1 9 7 6 .
FOR A B R I E F D I S C U S S I O N OF T H E A N A L Y T I C A L VALUE O F T H E S E D A T A , S E E THE S E C T I O N
E N T I T L E D " L E N D I N G E X P E R I E N C E OF NONBANK I N S T I T U T I O N S " I N " O V E R A L L MEASURES O F
F I N A N C I A L P E R F O R M A N C E , " BY EMANUEL M E L I C H A R , AGRTCULTURAI F I N A N C E R F V I F W .
FEBRUARY 1 9 7 7 , P P . 9 2 - 9 5 .
4
TABLE
211.1
PRODUCTION C R E D I T A S S O C I A T I O N S
LOANS O U T S T A N D I N G
( E N D OF MONTH)
AMOUNT
M I L L I O N S OF
END
OF
MONTH
P E R C E N T A G E CHANGE
FROM P R E V I O U S
DOLLARS
CHANGE FROM P R E V I O U S
MONTH
MONTH
|
YEAR
1
1
YEAR
AVERAGE
BORROWERS
I
1
1
PERCENTAGE!
|
CHANGE
I
1 THOUSANDS
FROM
|
1
PREVIOUS I
|
YEAR
I
1
SIZE
1
PERCENTAGE
CHANGE
FROM
PREVIOUS
YEAR
DOLLARS
1
1
|
1
I
1976-JAN...
—FEB. . .
-MAR. . .
-APR...
-MAY...
-JUN...
-JUL. . •
—AUG•••
-SEP...
—OC T . . .
-NOV...
—DEC.•.
10711.1
10823.2
11117.2
11420.9
11706.7
12005.6
12190.8
12319.4
12321.4
12170.4
11980.8
12196.4
-30.4
112.0
294.0
303.7
285.8
298.9
185.1
128.6
2.0
-151.0
-189.6
215.6
I
|
I
|
|
1
1
|
|
|
|
I
1164.5
1079.6
1106.2
1190.9
1235.2
1302.8
1378.1
1510.7
1584.2
1599.8
1528.7
1454.8
-0.3
1.0
2.7
2.7
2.5
2.6
1.5
1.1
0.0
-1.2
—1 . 6
1.8
I
1
|
I
|
1
t
1
|
|
I
|
j
12.2
11.1
11.0
11.6
11.8
12.2
12.7
14.0
14.8
15.1
14.6
13.5
I
I
|
I
|
I
I
|
|
|
|
1
j
328.1
330.4
334.3
337.7
340.2
342.0
342.9
342.9
341.9
339.6
336.6
335.6
-0.7
—0.2
0.2
0.9
0.9
1.0
1.2
1.4
1.6
1.9
2.1
2.1
I
1
|
1
|
1
|
I
I
|
I
|
32646.
32761.
33250.
33815.
34415.
35106.
35552.
35926.
36036.
35837.
35591.
36338.
13.0
11.3
10.8
10.6
10.8
11.0
11.4
12.4
13.0
12.9
12.3
11.2
I
j
|
1
I
|
1
|
1
I
1
1
1977-JAN...
—FEB.. •
-MAR...
-MAY...
—JUN.*.
-JUL...
-AUG...
-SEP...
-OCT...
-NOV...
—DEC.*.
12140.2
12272.9
12583.0
12929.3
13332.9
13748.9
14038.0
14132.5
14089.8
13788.7
13471.3
13454.3
-56.1
132.7
310.1
346.3
403.6
416.0
289.1
94.5
-42.7
-301.1
-317.4
-17.0
1
|
I
I
|
|
|
I
I
I
1
|
1429.1
1449.7
1465.8
1508.5
1626.2
1743.3
1847.2
1813.1
1768.4
1618.4
1490.5
1257.9
-0.5
1.1
2.5
2.8
3.1
3.1
2.1
0.7
-0.3
-2.1
-2.3
-0.1
1
1
I
1
1
1
1
1
|
I
1
I
|
13.3
13.4
13.2
13.2
13.9
14.5
15.2
14.7
14.4
13.3
12.4
10.3
|
|
|
I
|
I
|
|
|
|
I
I
j
335.3
337.4
341.7
345.5
348.4
350.4
351.3
351.2
350.6
347.9
344.9
342.8
2.2
2.1
2.2
2.3
2.4
2.5
2.4
2.4
2.5
2.4
2.4
2.1
1
1
|
|
|
|
|
|
1
|
|
I
36207.
36373.
36828.
37424.
38266.
39233.
39961.
40237.
40189.
39637.
39064.
39253.
10.9
11.0
10.8
10.7
11.2
11.8
12.4
12.0
11.5
10.6
9.8
8.0
1
t
I
|
1
1
I
1
I
|
|
1
1978-JAN...
-FEB...
—MAR•••
13233.3
13273.6
13426.8
-220.9
40.3
153.2
|
|
|
1093.1
1000.7
843.8
-1.6
0.3
1.2
I
I
I
9.0
8.2
6.7
|
|
|
341.2
341.7
343.7
1.8
1.3
0.6
1
|
I
38788.
38850.
39067.
7.1
6.8
6.1
1
|
1
—APR...
•
•
•
•
t
•
%
V
«
l
TABLE
211.2
PRODUCTION C R E D I T A S S O C I A T I O N S
LOANS O U T S T A N D I N G
SEASONALLY A D J U S T E D DATA
(END OF MONTH)
AMOUNT
MILLIONS
END
OF
MONTH
1
1
1
1976-JAN...I
-FEB...I
-MAR...!
—APR . . . j
—MAY... I
-JUN...I
-JUL . . . I
-AUG... I
-SEP...I
-OCT...I
-NOV...|
-DEC...I
j
1977-JAN...|
-FEB...I
—MAR...|
-APR . . . |
—MAY...|
-JUN... 1
-JUL . . . I
-AUG...1
-SEP...I
-OCT...I
-NOV . . . |
-DEC . . . |
j
1978—JAN...|
-FEB . . . |
-MAR...I
OF
BORROWERS
DOLLARS
PERCENTAGE CHANGE
FROM P R E V I O U S
FROM P R E V I O U S |
1
MONTH
1
YEAR
|
CHANGE
MONTH
11056.6
11134.6
11262.6
11399.1
11508.0
11635.6
11789.1
11984.9
12118.4
12259.0
12351.4
12428.6
111.1
78.0
128.0
136.4
108.9
127.7
153.5
195.8
133.5
140.7
92.4
77.1
|
|
I
|
|
I
|
|
|
|
|
|
i
1209.0
1129.4
1145.7
1212.2
1230.7
1278.2
1322.5
1451.3
1543.6
1601.5
1568.8
1483.0
|
1
|
|
|
|
|
|
|
|
|
|
1.0
0.7
1.1
1.2
1.0
1.1
1.3
1.7
1.1
1.2
0.8
0.6
12530.9
12633.6
12758.5
12917.3
13113.6
13331.6
13570.7
13737.5
13855.7
13889.9
13892.2
13716.7
102.4
102.7
124.9
158.8
196.4
217.9
239.2
166.8
118.2
34.2
2.2
-175.5
|
|
|
|
|
|
|
|
|
I
|
|
j
1474.3
1499.0
1495.9
1518.2
1605.7
1696.0
1781.6
1752.6
1737.4
1630.9
1540.7
1288.1
|
1
1
|
|
|
|
|
|
|
I
|
13658.7
13667.7
13619.9
-58.0
9.0
-47.8
|
|
|
1127.8
1034.2
861.4
|
|
|
THOUSANDS
|
1
YEAR
0.8
0.8
1.0
1.2
1.5
1.7
1.8
1.2
0.9
0.2
0.0
-1.3
|
|
I
|
|
1
|
|
1
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
13.3
13.5
13.3
13.3
14.0
14.6
15.1
14.6
14.3
13.3
12.5
10.4
-0.4
0.1
-0.3
|
|
|
9.0
8.2
6.8
12.3
11.3
11.3
11.9
12.0
12.3
12.6
13.8
14.6
15.0
14.5
13.5
|
1
|
1
|
1
|
#
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|
|
I
|
1
I
|
|
334.8
334.8
335.1
335.6
336.3
336.9
337.7
338.5
339.1
340.3
341.5
341.4
342.1
342.0
342.6
343.4
344.6
345.3
346.1
346.8
347.9
348.6
349.8
348.7
348.0
346.3
344.6
AVERAGE
PERCENTAGE
CHANGE
FROM
PREVIOUS
YEAR
-0.7
-0.1
0.3
1.0
1.0
1.1
1.3
1.4
1.6
1.9
2.0
2.1
2.2
2.1
2.2
2.3
2.5
2.5
2.5
2.4
2.6
2.4
2.4
2.1
1.7
1.3
0.6
DOLLARS
33023.
33256.
33605.
33965.
34218.
34540.
34911.
35401.
35735.
36019.
36172.
36401.
36634.
36945.
37246.
37620.
38057.
38606.
39215.
39608.
39832.
39840.
39712.
39331.
39250.
39472.
39522.
SIZE
PERCENTAGE
CHANGE
FROM
PREVIOUS
YEAR
13.1
11.4
11.0
10.8
10.9
11.1
11.2
12.2
12.8
12.9
12.3
11.2
10.9
11.1
10.8
10.8
11,2
11.8
12.3
11.9
11.5
10.6
9.8
8.0
7.1
6.8
6.1
TABLE
212.1
PRODUCTION CREDIT A S S O C I A T I O N S
LOANS MADE AND NEW LOANS
LOANS
1
1 MILLIONS
OF
1
DOLLARS
1
1
1976—JAN* . . 1
-FEB...I
—MAR . . . 1
—APR . . . 1
-MAY... |
-JUN... I
—JUL . . . 1
-AUG...!
-SEP...I
-OCT . . . 1
-NOV... |
—DEC. . • j
1
1977-JAN... I
—FEB.. . |
-MAR... I
—APR . . . |
-MAY... I
-JUN... 1
—JUL...|
-AUG... 1
-SEP...I
-OCT...I
-NOV . . . 1
-DEC...I
1
1978-JAN... 1
-FEB...I
—MAR...|
*
1794.8
1594.0
1932.3
1714.3
1412.4
1438.6
1177.3
1178.1
1168.5
1210.5
1487.8
2146.9
1973.7
1830.1
2196.2
1874.2
1652.2
1614.8
1292.0
1281.2
1284.4
1325.8
1545.4
2179.1
2054.0
1911.6
2414.1
1
1
I
I
1
I
1
1
1
1
1
I
1
1
I
1
I
1
1
1
1
1
I
I
I
I
I
I
1
I
1
I
P E R C E N T A G E CHANGE
FROM P R E V I O U S
MONTH
-11.2
-11.2
21.2
-11.3
-17.6
1.9
-18.2
0.1
-0.8
3.6
22.9
44.3
-8.1
-7.3
20.0
-14.7
-11.8
-2.3
-20.0
-0.8
0.2
3.2
16.6
41.0
O U T S T A N D I N G LOANS AT END OF
"NEW
LOANS"
ARE
-5.7
-6.9
26.3
1
|
I
1
|
I
|
I
1
1
|
|
I
1
I
1
I
|
I
1
|
1
I
1
I
I
1
1
|
I
NEW LOANS
MADE
YEAR
AS
PERCENTAGE
OF
COLLECTIONS
LOANS O U T - I
STANDING*!
MILLIONS
OF
DOLLARS
I
|
1
AS
P E R C E N T A G E CHANGE
FROM P R E V I O U S
MONTH
10.2
10.9
39.5
23.3
16.4
21.9
6.4
21.8
10.6
-0.8
25.4
3.4
9.6
8.3
10.8
10.2
8.9
9.6
7.6
7.4
7.3
7.3
8.4
11.3
I
I
1
1
I
1
1
!
1
1
|
I
97.0
114.4
134.3
137 . 1
139.8
136.3
126.1
116.4
100.4
85.7
84.5
119.6
|
I
|
|
1
1
|
|
|
|
1
|
j
8.9
13.5
12.0
6.3
17.8
8.6
9.7
9.3
7.4
10.5
2.7
-1.0
9.2
8.3
10.7
9.6
9.3
9.2
7.3
7.0
6.8
7.1
7.6
10.0
1
1
|
|
I
1
1
I
1
I
I
1
95.5
115.1
130.4
140.0
150.3
150.8
140.6
110.7
94.0
78*0
76.7
9?.l
|
|
|
4.8
3.3
10.5
8.7
7.9
10.9
I
1
|
83.9
103.9
114.4
13.6
12.8
32.6
18.3
12.3
19.1
3.6
20.1
9.9
-2.0
24.5
6.2
16.7
14.9
17.9
15.4
12.4
12.3
9.8
9.7
9.5
9.8
12.2
17.9
|
1
|
|
|
|
|
|
|
|
1
|
j
169.0
205.4
221.8
206.3
193.3
173.6
162.8
153.0
131.0
114.8
122.7
189.0
1030.5
887.3
1170.0
1139.1
1021.3
1129.6
911.9
896.1
895.6
904.2
1025.0
1358.7
|
|
1
1
I
I
1
|
I
I
I
|
-21.6
-13.9
31.9
-2.6
|
|
1
|
10.6
-19.3
-1.7
-0.1
1.0
13.4
32.6
|
I
|
|
|
1
1
j
10.0
14.8
13.7
9.3
17.0
12.3
9.7
8.8
9.9
9.5
3.9
1.5
16.2
15.1
17.9
14.9
12.8
12.1
9.4
9.1
9.1
9.4
11.2
16.2
|
I
|
|
|
1
|
I
1
I
I
|
167.9
209.0
218.7
216.7
206.3
198.5
181.5
144.9
125.5
103.5
112.6
160.6
1122.1
1007.5
1309.9
1211.3
1203.5
1227.3
1000.6
979.2
961.8
998.9
1052.6
1345.0
I
1
|
|
I
1
I
1
I
|
|
|
-17.4
-10.2
30.0
-7.5
-0.6
2.0
-18.5
-2.1
-1.8
3.9
5.4
27.8
4.1
4.5
9.9
15.3
14.4
18.2
|
|
1
146.5
190.9
190.8
1176.5
1040.3
1447.3
I
|
1
-12.5
-11.6
39.1
-10.3
COLLECTIONS
LOANS O U T - I
STANDING*!
YEAR
|
P E R C E N T A G E OF
|
P R E C E D I N G MONTH
COMPUTED A S L O A N S MADE L E S S R E N E W A L S .
RENEWALS
INCLUDE
SOME NONAGRICULTURAL LOANS
(SEE
NOTE ON PAGE 3 ) .
TABLE
212.3
PRODUCTION CREDIT A S S O C I A T I O N S
LOANS MADE AND NEW LOANS
TWELVE-MONTH MOVING TOTAL
NEW LOANS
LOANS MADE
MILLIONS
OF
DOLLARS
1
1
I
P E R C E N T A G E CHANGE
FROM P R E V I O U S
MONTH
*
|
YEAR
I
AS P E R C E N T A G E
I LOANS OUT—I
| STANDING*!
OF
COLLECTIONS
MILLIONS
OF
DOLLARS
1
|
1
AS
P E R C E N T A G E CHANGE
FROM P R E V I O U S
MONTH
1
PERCENTAGE
LOANS O U T - I
STANDING*!
YEAR
OF
COLLECTIONS
1976—JAN...|
—FEB•••1
—MAR• . . I
—APR. . . 1
-MAY..,|
-JUN...|
—JUL . . * |
—AUG•..1
-SEP...I
-OCT.e.|
-NOV...I
-DEC . . . I
16211.7
16393.2
16868.2
17133.2
17288.0
17519.0
17560.0
17757.2
17862.2
17837.4
18129.8
18255.5
I
|
|
I
|
|
|
|
1
I
1
|
1.3
1.1
2.9
1.6
0.9
1.3
0.2
1.1
0.6
-0.1
1.6
0.7
|
I
|
|
|
|
|
1
|
1
I
I
12.2
12.1
14.4
15.0
15.2
14.8
14.5
15.8
15.4
14.5
15.9
14.1
I
!
i
1
1
I
1
I
1
1
!
1
155.8
156.1
159.3
160.4
160.4
161.0
159.7
159.9
159.0
156.9
157.7
157.0
1
1
1
|
|
I
|
1
|
I
1
1
167.6
166.5
166.3
166.8
166.8
166.7
167.6
169.0
169.9
170.0
168.3
167.7
10843.6
10930.9
11261.9
11477.1
11621.1
11824.0
11878.8
12039.0
12124.5
12117.2
12324.7
12369.3
1
1
I
I
I
|
I
I
1
!
I
1
0.9
0.8
3.0
1.9
1.3
1.7
0.5
1.3
0.7
-0.1
1.7
0.4
1
I
1
|
I
|
|
|
|
I
|
|
j
8.7
9.1
12.6
14.4
15.6
15.5
15.4
17.2
16.9
15.8
17.1
15.1
104.2
104.1
106.4
107.4
107.8
108.6
108.1
106.4
10 7 . 9
106.6
107.2
106.4
1
1
1
|
|
|
1
1
1
|
1
|
|
112.1
111.1
111.0
111.7
112.1
112.5
113.4
114.6
115.3
115.5
114.4
113.6
1977-JAN...|
—FEB.•.I
—MAR...|
—APR...1
-MAY...|
-JUN...I
-JUL...1
—AUG...I
-SEP...I
-OCT...!
-NOV...#
-DEC...I
18434.4
18670.5
18934.5
19094.4
19334.2
19510.4
19625.1
19728.3
19844.1
19959.4
20017.1
20049.3
|
1
1
t
|
|
1
I
1
|
1
1
1.0
1.3
1.4
0.8
1.3
0.9
0.6
0.5
0.6
0.6
0.3
0.2
13.7
13.9
12.2
11.4
11.8
11.4
11.8
11.1
11.1
11.9
10.4
9.8
1
i
1
!
1
I
1
!
1
1
I
I
j
156.9
157.3
158.0
157.7
158.0
157.7
156.8
155.7
154.8
153.9
152.8
151.6
1
1
1
|
1
1
|
!
|
!
1
1
|
167.6
168.2
168.5
169.5
170.5
172.3
173.5
172.7
171.7
169.4
167.6
164.8
12460.9
12581.0
12720.9
12793.0
12975.2
13072.9
13161.6
13244.7
13310.9
13405.7
13433.3
13419.6
1
I
!
1
!
1
|
|
I
1
1
1
0.7
1.0
1.1
0.6
1.4
0.8
0.7
0.6
0.5
0.7
0.2
-0.1
1
1
|
|
1
1
1
|
|
|
|
|
|
14.9
15.1
13.0
11.5
11.7
10.6
10.8
10.0
9.8
10.6
9.0
8.5
106.1
106.0
106.1
105.6
106.1
105.7
105.2
104.5
103.8
103.4
102.5
101.5
|
|
|
|
|
1
|
|
|
1
|
I
|
113.3
113.3
113.2
113.5
114.4
115.5
116.4
115.9
115.2
113.8
112.5
110.3
1978-JAN...|
—FEB.*.1
—MAR...|
20129.6
20211.1
20428.9
|
1
|
0.4
0.4
1.1
I
1
|
I
1
|
|
1
|
|
|
|
1
|
|
|
9.2
8.3
7.9
1
1
1
151.0
150.6
151.3
|
|
|
162.5
161.5
159.9
13474.0
13506.8
13644.2
|
!
I
0.4
0.2
1.0
I
|
1
8.1
7.4
7.3
101.1
100.6
101.0
1
I
I
108.7
107.9
106.8
AVERAGE O U T S T A N D I N G LOANS D U R I N G THE P R E C E D I N G
-NEW
L O A N S " ARE
COMPUTED A S LOANS MADE L E S S
1 2 MONTHS
RENEWALS.
( A V E R A G E OF
RENEWALS
INCLUDE
END-OF-MONTH
DATA).
SOME N O N A G R I C U L T U R A L
LOANS
(SEE
NOTE ON PAGE 3 ) .
TABLE
213.1
PRODUCTION CREDIT A S S O C I A T I O N S
RENEWALS AND C O L L E C T I O N S
COLLECTIONS
RENEWALS
MONTH
*
1976—JAN..
-FEB.,
-MAR..
-APR..
-MAY..
-JUN .,
—JU L . <
-AUG.,
-SEP.,
-OCT.,
-NOV.,
-DEC.,
764.3
706.7
762.2
575.2
391.1
309.0
265.4
1977—JAN.,
-FEB.
-MAR.
-APR.
-MAY .
-JUN.
-JUL.
—AUG.
-SEP.
—OC T .
-NOV.
-DEC.
851.6
822.7
886.4
662.9
448.7
387.6
291.4
302.1
322.6
326.9
492.8
834.2
1978—JAN.
-FEB.
-MAR.
877.5
871.4
966.7
RENEWALS
8.1
-7.5
7.9
-24.5
-32.0
-21.0
-14.1
6.2
282.0
-3.2
273.0
306.4
462.8
788.3
O U T S T A N D I N G LOANS
AT
12.2
51.1
70.3
8.0
-
-3.4
7.7
25.2
32.3
13.6
24.8
3.7
6.8
END OF
AND C O L L E C T I O N S
AS
P E R C E N T A G E CHANGE
FROM P R E V I O U S
MILLIONS
OF
DOLLARS
I
YEAR
LOANS O U T STANDING*
18.5
15.4
23.3
9.5
7.1
10.0
2.6
2.8
-4.9
15.1
7.7
-5.4
22.5
11.5
11.4
16.4
16.3
15.2
14.7
25.4
9.8
7.1
18.2
1.3
50.8
69.3
6.7
6.5
5.8
5.2
-0.7
10.9
3.0
5.9
9.1
PERCENTAGE OF
6.6
7.0
5.2
3.4
2.2
2.3
2.2
2.5
3.8
6.6
7.0
6.8
7.2
5.3
3.5
2.9
2.1
2.2
2.3
2.3
3.6
6.2
6.5
6.6
7.3
COLLECT. &
RENEWALS
LOANS
MADE
MILLIONS
OF
DOLLARS
MONTH
1062.2
SOME N O N A G R I C U L T U R A L
LOANS
4.3
-27.0
12.3
-4.6
42.6
44.3
39.4
33.6
27.7
21.5
22.5
23.9
23.4
25.3
31.1
36.7
41.8
47.7
46.7
40.9
34.9
27.2
43.1
45.0
40.4
35.4
27.2
24.0
1175.3
875.5
1004.4
865.0
23.6
25.1
24.7
31.9
38.3
42.0
48.4
46.9
43.4
35.9
32.3
29.0
25.5
24.0
20.3
26.4
38.1
813.7
711.8
884.4
1023.3
1281.0
1372.0
1356.7
-12.5
24.3
15.7
25.2
7.1
42.7
45.6
40.0
38.5
46.5
43.3
1402.0
1001.5
1265.1
-28.6
22.6
775.9
871.3
831.2
730.7
828.5
723.4
769.8
892.2
1054.8
1212.4
1135.8
26.8
26.8
23.4
22.5
27.6
41.0
800.8
P R E C E D I N G MONTH.
INCLUDE
P E R C E N T A G E CHANGE
FROM P R E V I O U S
(SEE
NOTE ON PAGE
3).
I
YEAR
18.9
28.6
-12.1
52.1
18.7
15.0
13.4
-12.7
6.4
15.9
-4.4
4.2
0.9
18.2
20.8
-2.0
14.9
-6.3
29.6
11.5
3.5
-25.5
14.7
-13.9
-7.4
10.6
12.8
1.6
-1.1
3.3
26.3
15.3
4.1
9.6
-1.8
-1.6
14.9
14.7
21.4
13.2
19.5
19.3
14.4
26.0
AS P E R CENTAGE OF
LOANS O U T STANDING*
TABLE
213.3
PRODUCTION C R E D I T A S S O C I A T I O N S
RENEWALS AND C O L L E C T I O N S
TWELVE-MONTH MOVING TOTAL
COLLECTIONS
RENEWALS
MILLIONS
OF
DOLLARS
PERCENTAGE CHANGE
FROM P R E V I O U S
MONTH
1976-JAN...
-FEB...
-MAR. . *
—APR. . .
-MAY...
-JUN...
—JUL.•.
-AUG...
-SEP...
-OCT...
-NOV...
-DEC...
5368.1
5462.3
5606.3
5656.1
5666.9
5695.0
5681.2
5718.3
5737.7
5720.3
5805.1
5886.3
1977-JAN..•
-FEB...
—MAR...
-MAY...
-JUN...
—JU L . . .
-AUG.•.
—SEP..•
-OCT...
-NOV...
-DEC...
5973.6
6089.5
6213.6
6301.4
6358.9
6437.5
6463.5
6483.6
6533.2
6553.8
6583.8
6629.7
1978-JAN...
-FEB...
—MAR...
6655.6
6704.3
6784.7
—APR * . .
I
YEAR
0.9
20.1
18.6
18.2
16.2
0.5
14.4
13.5
2.3
1.8
2.6
0.2
-0.2
12.6
0.7
0.3
-0.3
1.5
1.4
12.7
1.5
1.9
11.3
11.5
1.4
0.9
11.4
2.0
1.2
0.4
0.3
0.8
0.3
0.5
0.7
0.4
0.7
1.2
12.6
11.8
13.4
12.1
10.8
12.2
13.0
13.8
13.4
13.9
14.6
13.4
12.6
11.4
10.1
9.2
I
I LOANS O U T | STANDING*
COLLECT. &
RENEWALS
LOANS
MADE
MILLIONS
OF
DOLLARS
I
I
1
PERCENTAGE CHANGE
FROM P R E V I O U S
MONTH
YEAR
|
AS P E R CENTAGE OF
LOANS O U T STANDING*
|
I
I
I
I
I
1
I
I
1
I
I
51.6
52.0
52.9
53.0
52.6
52.3
51.7
51.5
51.1
50.3
50.5
50.6
33.1
33.3
33.2
33.0
32.8
32.5
32.4
32.2
32.1
32.1
32.0
32.2
35.7
35.7
35.6
35.5
35.3
35.1
35.2
35.2
35.3
35.3
35.0
35.1
9670.4
9843.1
10141.5
10272.2
10367.2
10509.8
10476.7
10507.8
10516.1
10494.3
10771.0
10888.2
|
I
|
|
1
1
|
|
1
1
I
|
1.8
1.8
3.0
1.3
0.9
1.4
-0.3
0.3
0.1
-0.2
2.6
1.1
|
|
I
|
|
|
1
I
I
|
1
1
|
18.4
20.4
24.6
24.6
24.1
22.7
20.2
19.2
16.1
14.0
15.8
14.6
93.0
93.7
95.8
96.2
96.2
96.6
95.3
94.6
93.6
92.3
93.7
93.7
1
I
I
I
I
I
I
I
I
I
I
I
50.9
51.3
51.8
52.0
52.0
52.0
51.6
51.2
51.0
50.5
50.2
50.1
32.4
32.6
32.8
33.0
32.9
33.0
32.9
32.9
32.9
32.8
32.9
33.1
35.2
35.4
35.6
35.9
35.9
36.2
36.4
36.2
36.1
35.7
35.5
35.3
11001.2
11100.8
11233.9
11267.7
11337.8
11323.1
11311.5
11426.1
11557.3
11783.4
11942.9
12163.9
|
|
I
|
|
1
|
1
1
I
|
1
1.0
0.9
1.2
0.3
0.6
-0.1
-0.1
1.0
1.1
2.0
1.4
1.8
|
1
|
I
|
1
|
|
1
I
|
|
|
13.8
12.8
10.8
9.7
9.4
7.7
8.0
8.7
9.9
12.3
10.9
11.7
93.7
93.6
93.7
93.1
92.7
91.5
90.4
90.2
90.1
90.9
91.1
92.0
1
I
|
49.9
49.9
50.2
33.1
33.2
33.2
34.9
34.9
34.7
12390.6
12516.7
12777.4
1
t
1
1.9
1.0
2.1
#
|
I
12.6
12.8
13.7
92.9
93.2
94.6
• A V E R A G E O U T S T A N D I N G LOANS D U R I N G THE P R E C E D I N G
RENEWALS AND C O L L E C T I O N S
AS PERCENTAGE OF
12 MONTHS
I N C L U D E SOME NONAGRICULTURAL LOANS
(AVERAGE OF
(SEE
END-OF-MONTH D A T A ) ,
NOTE ON PAGE 3 ) .
10
AGRICULTURAL
FINANCE
220
LAND
FEDERAL
221
LOANS)
1 1
ACTUAL
12-MONTH
1 2
MOVING
1 3
TOTAL
LOANED
ACTUAL
12-MONTH
REFINANCING
224.1
224.3
SOURCE!
1978
ACTUAL
NEW MONEY
223.1
223.3
224
(AGRICULTURAL
APRIL
LOANS C L O S E D
222.1
222.3
223
BANKS
SERIES
LOANS O U T S T A N D I N G
221.1
222
DAT A B O O K — - M O N T H L Y
ACTUAL
12-MONTH
MOVING
AND
TOTAL
REPAYMENTS
MOVING
TOTAL.
" F E D E R A L LAND B A N K S — S U M M A R Y
TECHNICAL SERVICES D I V I S I O N ,
OF SELECTED
FARM C R E D I T
MONTHLY LOAN D A T A , "
ADMINISTRATION.
DATA I N T H I S S E C T I O N A R E O B T A I N E D FROM T I M E L Y MONTHLY R E P O R T S W H I C H A R E NOT
R E V I S E D T O R E F L E C T ANY S U B S E Q U E N T C H A N G E S OR C O R R E C T I O N S .
I F ONLY Y E A R - E N D
DATA ON O U T S T A N D I N G L O A N VOLUME A R E R E Q U I R E D , U S E T H E S E R I E S I N S E C T I O N 1 0 0
O F THE A C R I f - l l L T U R A I F I N A N C E DAT A B O O K — A N N U A L S E R I E S . N O V E M B E R 1 9 7 7 .
TABLE
221.1
FEDERAL LAND BANKS
LOANS O U T S T A N D I N G
( E N D OF MONTH)
AMOUNT
MILLIONS
OUTSTANDING
OF
NUMBER
DOLLARS
I
1
CHANGE FROM P R E V I O U S 1
1
MONTH
I
YEAR
|
P E RCE N T A G E CHANGE
FROM P R E V I O U S
MONTH
|
1
THOUSANDS
YEAR
|
i
PERCENTAGE!
CHANGE
I
FROM L A S T |
YEAR
|
1
AVERAGE
DOLLARS
SIZE
I PERCENTAGE
1
CHANGE
1 FROM L A S !
1
YEAR
1976-JAN...I
—FEB•••I
-MAR...I
-APR. . . |
-MAY...I
-JUN...I
—JUL. . . I
—AUG** * |
-SEP.,.1
-OCT...;
-NOV...|
-DEC...1
16189.9
16369.6
16699.9
16946.2
17159.6
17403.2
17622.7
17806.2
17982.2
18147.7
18320.3
18524.2
176.1
179.7
330.3
246.4
213.3
243.6
219.5
183.5
176.0
165.5
172.6
203.9
|
|
1
1
I
|
|
|
|
I
|
|
j
2533.7
2489.9
2520.7
2505.2
2466.7
2464.9
2477.9
2473.6
2464.3
2436.0
2483.1
2510.4
|
|
I
|
|
|
|
I
1
1
I
|
j
1.1
1.1
2.0
1.5
1.3
1.4
1.3
1.0
1.0
0.9
1.0
1.1
I
I
1
|
I
|
|
|
I
|
|
1
j
18.6
17.9
17.8
17.3
16.8
16.5
16.4
16.1
15.9
15.5
15.7
15.7
443.2
443.7
445.1
446.0
447.0
448.2
449.0
449.9
450.4
450.7
450.6
450.8
3.1
2.8
2.7
2.5
2.3
2.2
2.1
2.0
1.9
1.9
1.8
1.8
|
|
|
I
|
|
|
I
|
|
|
|
36533.
36895.
37522.
37998.
38389.
38832.
39246.
39581.
39924.
40267.
40662.
41088.
1
1
1
1
1
1
1
1
1
1
1
1
15.0
14.7
14.7
14.5
14.2
14.0
14.0
13.8
13.7
13.4
13.6
13.6
1977—JAN...|
—FEB...|
—M A R . . . |
—APR..*j
—HAY... I
-JUN...I
—JUL...|
—AUG...I
-SEP...j
-OCT... I
-NOV... 1
—DEC...I
18692.7
18921.9
19330.8
19625.0
19916.8
20190.2
20440.8
20658.0
20873.7
21057.0
21258.2
21464.9
168.5
229.2
409.0
294.2
291.8
273.4
250.6
217.2
215.7
183.3
201.2
206.6
|
|
1
I
|
1
|
1
I
1
I
|
j
2502.8
2552.3
2631.0
2678.8
2757.3
2787.0
2818.1
2851.8
2891.5
2909.3
2938.0
2940.7
|
|
I
1
|
|
|
|
1
1
|
|
j
0.9
1.2
2.2
1.5
1.5
1.4
1.2
1.1
1.0
0.9
1.0
1.0
|
|
I
|
|
|
I
I
i
I
|
|
j
15.5
15.6
15.8
15.8
16.1
16.0
16.0
16.0
16.1
16.0
16.0
15.9
450.9
451.5
452.9
453.8
454.8
456.0
457.0
457.8
458.6
459.1
459.3
459.5
1.7
1.8
1.8
1.8
1.7
1.8
1.8
1.8
1.8
1.9
1.9
1.9
|
|
I
|
|
|
|
|
I
|
|
|
41457.
41909.
42684.
43243.
43792.
44273.
44732.
45124.
45519.
45868.
46289.
46711.
1
1
1
1
1
1
1
1
1
1
1
1
13.5
13.6
13.8
13.8
14.1
14.0
14.0
14.0
14.0
13.9
13.8
13.7
1978—JAN...|
-FEB.••1
-MAR...I
21672.2
21895.7
22234.1
207.3
223.5
338.4
|
|
|
2979.5
2973.8
2903.3
|
|
|
1.0
1.0
1.5
I
I
I
15.9
15.7
15.0
459.8
460.4
461.3
2.0
2.0
1.9
|
|
|
47136.
47559.
48193.
1
1
1
13.7
13.5
12.9
TABLE
222.1
F E D E R A L LAND BAI
LOANS CLOSED
MILLIONS
OF
DOLLARS
I
I
I
P E R C E N T A G E CHANGE
FROM P R E V I O U S
MONTH
YEAR
13.8
14.3
8.0
13.0
4.6
7.7
18.3
2.0
7.3
5.7
11.4
15.6
|
1
I
I
|
|
|
1
1
1
|
I
2.5
2.1
3.2
2.6
2.1
2.4
2.1
1.8
1.8
1.7
1.9
2.4
|
|
I
|
1
|
1
|
|
|
1
I
263.8
337.4
478.0
432.2
449.2
502.8
466.1
442.0
407.4
381.7
330.2
309.2
4930.
4719.
6801.
5627.
5806.
5868.
4784.
4808.
4457.
4361.
4846.
5003.
2.4
5.6
6.6
4.6
19.0
13.4
7.3
10.1
7.0
6 .4
8.5
-0.9
94058.
91013.
99833.
92640.
89273.
86233.
102888.
83792.
85203.
82240.
86442.
89729.
15.3
17.2
20.7
14.1
19.8
10.2
24.9
14.1
9.8
7.5
10.1
3.5
|
|
|
|
|
|
|
|
I
|
|
|
j
2.5
2.3
3.6
2.7
2.6
2.5
2.4
2.0
1.8
1.7
2.0
2.1
|
I
|
|
|
|
|
1
I
1
I
1
i
223.4
367.1
475.2
475.5
457.7
403.8
374.2
435.2
516.3
389.3
340.3
301.0
4919.
4495.
6375.
-4.7
—6.*
102187.
96334.
99207.
|
1
1
I
I
1
I
I
I
1
I
|
11
1
|
|
8.6
5.8
-0.6
I
I
|
2.3
2.0
2.9
I
I
|
248.9
360.2
383.2
-1.3
-0.1
20.1
10.0
-4.1
8.7
10.9
11.2
4.1
-1.9
3.7
. .7
4816.
4467.
6377.
5377.
48,9.
5175.
4457.
4 3 6 6 r_
4167.
4098.
4465.
5047.
1977-JAN...I
—FE B . . . I
—MAR...I
-APR...*
—MAY...1
-JUN...I
—JUL.. . 1
—AUG...1
-SEP...I
—OCT...I
—NOV... 1
—DEC...1
463.7
429.5
679.0
521.3
518.3
506.0
492.2
402.9
379.8
358.6
418.9
448.9
|
1
1
I
|
I
I
|
I
I
|
|
6.0
-7.4
56.1
-23.2
—0.6
-2.4
-2.7
-18.2
-5.7
-5.6
16.8
7.2
|
|
1
I
1
|
|
|
I
I
|
|
j
18.^
23.b
28.7
19.4
42.5
24.9
34.1
25.6
17.5
14.4
19.5
2.6
1978-JAN...I
—FEB...1
-MAR...|
502.7
433.0
632.4
I
|
|
12.0
-13.9
46.1
I
8.4
0.8
-6.9
O U T S T A N D I N G LOANS AT
END OF
PRECEDING
MONTH.
REPAYMENTS
|
|
!
\
1
I
|
|
I
|
1
1
I
|
|
|
|
1
»
|
1
|
|
1
|
|
LOANS
OUTSTANDING*
PERCENTAGE
CHANGE
FROM LAST
YEAR
PERCENTAGE
CHANGE
FROM L A S !
YEAR
P E R C E N T A G E OF
81586.
77645.
82736.
81166.
74546.
78265.
82357.
73457.
77572.
76534.
78511.
86699.
4.8
-11.7
52.1
-17.3
-16.7
11.4
-9.4
-12.'
0.8
-3.0
11.8
24.8
-JUN...I
-JUL...1
-AUG...I
—SEP...1
-OCT...I
-NOV...I
—DEC...I
AS
SIZE
-13.3
—12.6
11.2
-2.6
-8.3
0.9
—6.2
9.0
-3.0
-7.1
20.0
1.0
|
|
|
|
\
|
|
|
|
|
|
|
-MAY...I
*
|
THOUSANDS
392.9
346.8
527.6
436.4
363.7
405.0
367.1
320.7
323.2
313.6
350.6
437.6
1976-JAN...I
—FEB•.•|
—MAR••.1
—APR•••|
AVERAGE
NUMBER
AMOUNT
TABLE
222.3
FEDERAL LAND BANKS
LOANS C L O S E D
TWELVE-MONTH MOVING TOTAL
AMOUNT
MILLIONS
OF
DOLLARS
*
|
|
I
1
P E R C E N T A G E CHANGE
FROM P R E V I O U S
MONTH
1976-JAN...I
-FEB•••1
—MA R . . e |
—APR•••|
—MAY•••|
-JUN...I
-JUL . . . 1
—AUG... I
-SEP...I
-OCT...I
-NOV.••|
-DEC••• 1
4214.4
4214.2
4302.4
4342.1
4326.7
4359.2
4395.3
4427.6
4440.2
4434.2
4522.5
4585.3
|
1
|
|
|
|
I
|
|
1
|
|
|
-0.1
-0.0
2.1
0.9
-0.4
0.8
0.8
0.7
0.3
-0.1
2.0
1.4
1977-JAN.••|
-FEB... I
-MAR...|
-APR . . . I
-MAY . . . I
-JUN . . . I
-JUL . . . I
-AUG . . . 1
-SEP . . . I
-OCT...I
—NOV . . . 1
-DEC . . . I
4656.1
4738.7
4890.1
4975.0
5129.6
5230.6
5355.7
5437.9
5494.4
5539.4
5607.7
5619.1
|
I
1
|
|
|
1
|
|
|
|
1
|
1.5
1.8
3.2
1.7
3.1
2.0
2.4
1.5
1.0
0.8
1.2
0.2
1978—JAN...|
—FEB...I
-MA R . . . I
5658.0
5661.6
5615.0
|
|
1
0.7
0.1
-0.8
AVERAGE O U T S T A N D I N G LOANS D U R I N G
NUMBER
|
THOUSANDS
YEAR
I
|
I
|
|
|
|
|
|
1
|
|
1
|
|
|
I
I
|
|
I
|
|
I
|
j
|
|
|
THE
|
PERCENTAGE!
CHANGE
|
FROM L A S T !
YEAR
|
AVERAGE
DOLLARS
SIZE
|
AS
PERCENTAGE OF
I PERCENTAGE I
LOANS
|
I
CHANGE
|
OUT|
1 FROM L A S T I S T A N D I N G * !
1
YEAR
|
1
REPAYMENTS
5.2
2.8
2.6
2.2
1.5
1.4
3.3
5.0
5.2
5.0
8.2
8.7
57.8
57.2
57.8
57.7
57.2
57.3
57 .0
57.3
57.2
56.9
57.6
57.7
-7.9
-9.8
-9.2
-9.1
—9.2
-8.8
-8.4
-5.3
-4.8
-4.5
-1.6
-1.5
|
I
|
|
|
I
1
|
I
|
|
|
j
72886.
73701.
74412.
75288.
75600.
76105.
77136.
77212.
77608.
77932.
78459.
79480.
1
1
1
1
1
1
1
1
1
1
1
1
14.3
14.1
12.9
12.5
11.7
11.2
12.7
10.9
10.5
10.0
9.9
10.3
|
|
|
|
|
|
|
|
|
I
|
|
28.2
27.8
28.0
27.9
27.4
27.3
27.1
27.0
26.7
26.4
26.6
26.6
1
I
|
I
|
1
|
|
I
|
|
|
451.0
433.0
423.7
412.5
404.1
399.7
397.5
393.6
389.1
384.5
383.6
386.9
10.5
12.4
13.7
14.6
18.6
20.0
21.9
22.8
23.7
24.9
24.0
22.5
57.8
58.1
58.5
58.7
59.7
60.4
60.7
61.1
61.4
61.7
62.1
62.0
-0.0
1.5
1.1
1.8
4.2
5.4
6.5
6.6
7.3
8.4
7.7
7.5
|
|
1
I
|
|
i
|
|
|
|
|
80548.
81622.
83619.
84707.
85983.
86669.
88264.
88970.
89470.
89819.
90369.
90616.
1
1
1
1
1
1
1
1
1
1
1
1
10.5
10.7
12.4
12.5
13.7
13.9
14.4
15.2
15.3
15.3
15.2
14.0
|
|
|
|
|
|
|
I
|
|
I
|
26.7
26.9
27.4
27.5
28.0
28.2
28.6
28.6
28.6
28.5
28.4
28.2
374.3
376.7
378.9
382.9
385.3
380.1
374.8
375.3
380.7
381.2
381.5
380.3
21.5
19.5
14.8
62.0
61.8
61.3
7.3
6.4
4.9
|
|
|
91260.
91648.
91526.
1
1
1
13.3
12.3
9.5
|
|
1
28.0
27.7
27.1
1
|
|
I
|
|
1
I
|
|
|
1
1
1
1
1
PRECEDING
1 2 MONTHS
(AVERAGE OF
END-OF-MONTH
DATA).
384.4
383.8
375.0
TABLE
14
223.1
F E D E R A L LAND BANKS
NEW MONEY LOANED
MILLIONS
OF
DOLLARS
*
|
I
I
1
P E R C E N T A G E CHANGE
FROM P R E V I O U S
MONTH
|
YEAR
1
AS
PERCENTAGE OF
I L O A N S OUT—|
I STANDING*!
LOANS
CLOSED
1976—JAN..•|
—FEB...1
—MA R . . . I
-APR...I
-MAY...I
—JUN...|
-JUL...I
-AUG... 1
-SEP . . . 1
-OC T . . . |
-NOV... 1
-OEC...I
325.0
282.5
440.7
347.3
294.3
324.2
298.3
256.1
255.4
247.6
278.7
345.5
|
I
|
|
I
|
|
|
|
|
I
|
j
4.2
-13.1
56.0
-21.2
-15.3
10.2
-8.0
-14.1
-0.3
-3.0
12.6
23.9
I
|
|
I
|
I
|
|
|
|
|
1
|
—2 . 8
—1.8
19.9
6.7
—6.5
5.9
10.4
6.3
2.7
—6.2
35.5
10.7
1
1
1
I
1
I
1
1
I
I
1
1
j
2.0
1.7
2.7
2.1
1.7
1.9
1.7
1.5
1.4
1.4
1.5
1.9
|
|
|
|
|
|
|
|
|
|
|
|
j
82.
81.
83.
79.
80.'
80.(
81.
79.
79.
79.1
79.
78.
1977-JAN..•|
-FEB...|
-MAR...I
-APR...|
-MAY...I
-JUN...I
-JUL . . . 1
-AUG...|
-SEP...|
-OC T . . . I
-NOV...|
—DEC.. . I
376.1
346.2
551.9
403.9
405.0
398.7
382.1
309.8
289.3
275.4
324.3
355.8
|
|
|
|
1
|
|
|
|
|
I
1
8.9
-8.0
59.4
-26.8
0.3
-1.6
-4.2
-18.9
-6.6
-4.8
17.7
9.7
I
|
|
j
I
I
I
|
|
|
|
I
15.7
22.5
25.2
16.3
37.6
23.0
28.1
21.0
13.3
11.2
16.3
3.0
1
1
1
1
1
1
1
1
1
1
1
I
i
2.0
1.9
2.9
2.1
2.1
2.0
1.9
1.5
1.4
1.3
1.5
1.7
I
|
|
#
I
|
|
|
|
1
|
I
j
81.
80.
81.
77.
78.
78.
77.
76.
76.
76.
77.
79.
1978-JAN...|
-FEB...j
—MAR . . . |
409.3
343.7
503.4
I
|
|
15.0
—16.0
46.5
I
1
|
8.8
-0.7
-8.8
1
1
(
1.9
1.6
2.3
|
|
|
81.
79.
79.
O U T S T A N D I N G LOANS AT
END OF
P R E C E D I N G MONTH.
#
#
TABLE
#
#
#
#
#
#
*
#
223.3
FEDERAL LAND BANKS
NEW MONEY LOANED
TWELVE-MONTH MOVING TOTAL
MILLIONS
OF
DOLLARS
1
1
1
P E R C E N T A G E CHANGE
FROM P R E V I O U S
MONTH
*
1976—JAN . . . 1
—FEB.••I
—MAR. * . |
-APR•••I
-MAY. . . I
-JUN...1
—JU L . . • 1
-AUG...I
-SEP...1
-OCT.. . |
-NOV.••I
—DEC . . . 1
3468.2
3463.2
3536.2
3557.9
3537.3
3555.5
3583.6
3598.7
3605.4
3589.1
3662.1
3695.6
I
|
|
|
|
I
|
|
|
|
1
I
-0.3
-0.1
2.1
0.6
-0.6
0.5
0.8
0.4
0.2
-0.5
2.0
0.9
1977-JAN...I
—FEB...1
—MAR . . . 1
-APR...!
—MAY... 1
—JUN...I
—JUL . . . 1
—AUG...|
-SEP...1
-OCT...I
-NOV... I
-DEC . . . 1
3746.6
3810.3
3921.5
3978.0
4088.7
4163.2
4247.1
4300.8
4334.7
4362.5
4408.0
4418.3
I
I
|
|
|
I
I
I
I
I
|
I
1.4
1.7
2.9
1.4
2.8
1.8
2.0
1.3
0.8
0.6
1.0
0.2
1978—JAN...|
—FEB...1
—MAR...|
4451.5
4449.1
4400.6
|
|
|
0.8
-0.1
-1.1
AVERAGE O U T S T A N D I N G L O A N S D U R I N G
|
YEAR
1
AS
P E RCE N T A G E
I LOANS OUT—|
I STANDING*!
OF
LOANS
CLOSED
|
|
I
I
1
|
1
1
I
|
I
I
1
|
|
|
|
1
1
|
I
1
I
|
|
|
2.4
0.1
0.1
-0.2
-1.1
-1.1
0.9
2.5
3.0
2.6
6.3
6.3
1
I
1
1
1
1
1
1
1
1
1
1
|
23.2
22.8
23.0
22.8
22.4
22.2
22.1
21.9
21.7
21.3
21.5
21.5
I
|
|
I
|
I
|
I
I
t
|
I
|
62.3
82.2
82.2
81.9
81.8
81.6
81.5
81.3
81.2
80.9
81.0
80.6
8.0
10.0
10.9
11.8
15.6
17.1
18.5
19.5
20.2
21.5
20.4
19.6
1
1
1
1
1
1
1
1
1
1
1
1
j
21.5
21.6
22.0
22.0
22.3
22.5
22.6
22.6
22.5
22.4
22.4
22.1
|
|
I
I
1
|
|
1
I
|
|
|
j
80.5
80.4
80.2
80.0
79.7
79.6
79.3
79.1
78.9
78.8
78.6
78.6
|
1
1
18.8
16.8
12.2
1
1
1
22.0
21.8
21.3
I
|
1
78.7
78.6
78.4
THE P R E C E D I N G
1 2 MONTHS
( A V E R A G E OF
END-OF-MONTH
DATA).
15
16
TABLE
224.1
FEDERAL LAND BANKS
R E F I N A N C I N G AND REPAYMENTS
R E F I N A N C I N G O F F E D E R A L LAND BANK
MILLIONS
OF
DOLLARS
1
1976—JAN.••I
-FEB••.I
—MAR•.•1
-APR...I
—MAY . . . 1
-JUN...I
-JUL••.|
—AUG••.1
-SEP...1
-OCT...|
-NOV . . . 1
-DEC...I
1
1977-JAN... 1
-FEB...I
—MAR . . .
—APR . . .
-MAY . . .
-JUN...
I
1
1
I
-JUL...I
-AUG . . . 1
-SEP...I
—OC T . . . I
-NOV...1
-DEC . . . 1
1
1978-JAN... I
—FEB..• 1
—MA R . . . I
*
67.9
64.3
86.9
89.1
69.4
80.8
68.8
64.6
67.9
66.0
71.8
92.1
1
MONTH
I
I
|
I
1
I
I
1
|
|
1
1
|
87.6
83.3
127.1
117.4
113.3
107.3
110.1
93.1
90.5
83.2
94.6
93.1
|
1
1
|
|
1
1
1
1
|
93.4
89.3
129.0
|
|
1
O U T S T A N D I N G LOANS AT
AS
P E R C E N T A G E CHANGE
FROM P R E V I O U S
I
1
|
8.0
-5.2
35.2
2.5
-22.1
16.5
-14.9
-6.1
5.0
-2.7
8.8
28.3
-4.9
-4.9
52.6
-7.6
-3.5
-5.3
2.6
-15.4
-2.8
-8.0
13.7
-1.5
END OF
0.3
-4.4
44.5
YEAR
|
I
1
I
|
1
1
|
1
I
|
1
1
;
1
I
I
|
|
1
1
I
1
|
|
1
|
1
|
|
REPAYMENTS
LOANS
PERCENTAGE
OF
LOANS
CLOSED
LOANS OUT—|
STANDING*!
MILLIONS
OF
DOLLARS
PERCENTAGE CHANGE
FROM P R E V I O U S
MONTH
YEAR
I
6.9
8.0
21.3
25.3
8.0
21.5
13.3
36.4
9.5
18.5
27.2
46.6
0.42
0.40
0.53
0.53
0.41
0.47
0.40
0.37
0.38
0.37
0.40
0.50
I
1
1
I
|
I
I
|
|
1
I
|
17.3
18.5
16.5
20.4
19.1
20.0
18.7
20.2
21.0
21.0
20.5
21.1
149.0
102.8
110.4
101.0
81.0
80.5
78.8
72.6
79.3
82.2
106.2
141.5
10.0
-31.0
7.4
-8.5
-19.8
-0.5
-2.2
-7.9
9.3
3.6
29.2
33.3
I
1
|
|
|
I
1
|
|
|
I
|
j
10.6
60.6
61.9
58.3
28.6
32.9
23.7
36.4
25.4
17.2
32.2
4.5
0.93
0.64
0.67
0.60
0.48
0.47
0.45
0.41
0.45
0.46
0.59
0.77
29.1
29.5
46.2
31.8
63.2
32.8
60.0
44.1
33.3
26.1
31.7
1.1
0.47
0.45
0.67
0.61
0.58
0.54
0.55
0.46
0.44
0.40
0.45
0.44
I
I
|
|
I
|
I
|
|
|
|
|
18.9
19.4
18.7
22.5
21.9
21.2
22.4
23.1
23.8
23.2
22.6
20.7
207.6
117.0
142.9
109.6
113.3
125.3
131.5
92.6
73.5
92.1
123.1
149.1
46.7
—43.6
22.1
-23.3
3.3
10.6
5.0
-29.6
-20.5
25.3
33.6
21.1
|
I
1
|
|
I
1
|
|
|
|
I
|
39.3
13.8
29.5
8.6
39.9
55.6
67.0
27.6
-7.3
12.1
15.9
5.4
1.12
0.63
0.76
0.57
0.58
0.63
0.65
0.45
0.36
0.44
0.58
0.70
6.6
7.2
1.5
0.44
0.41
0.59
|
1
I
18.6
20.6
20.4
202.0
120.2
165.0
35.4
-40.5
37.3
I
|
|
-2.7
2.7
15.5
0.94
0.55
0.75
P R E C E D I N G MONTH.
" R E F I N A N C I N G OF FEDERAL LAND BANK L O A N S " I S COMPUTED AS LOANS C L O S E D L E S S NEW MONEY LOANED.
" R E P A Y M E N T S * ARE COMPUTED AS NEW MONEY LOANED L E S S T H E CHANGE I N LOANS O U T S T A N D I N G .
AS P E R CENTAGE O F
LOANS O U T STANDING*
TABLE
224.3
FEDERAL LAND BANKS
R E F I N A N C I N G AND R E P A Y M E N T S
TWELVE-MONTH MOVING TOTAL
REFINANCING
MILLIONS
OF
DOLLARS
*
1
|
1
1
OF
F E D E R A L LAND BANK
P E R C E N T A G E CHANGE
FROM P R E V I O U S
MONTH
|
YEAR
1
LOANS
REPAYMENTS
A S PERCENTAGE
ILOANS O U T - |
I STANDING*!
OF
LOANS
CLOSED
MILLIONS
OF
DOLLARS
1
|
|
1
P E R C E N T A G E CHANGE
FROM P R E V I O U S
MONTH
|
YEAR
I
AS P E R C E N T A G E OF
I LOANS O U T I STANDING*
1976-JAN...I
—FEB•.• |
—MAR . . . I
—AP R . . . I
—MAY . . . I
—JUN... I
—JUL... |
—AUG...1
-SEP...|
-OCT...1
—NOV . . . 1
-DEC...|
746.2
751.0
766.3
784.2
789.3
803.6
811.7
828.9
834.8
845.1
860.5
889.7
|
1
|
|
I
|
1
I
|
1
I
|
0.6
0.6
2.0
2.3
0.7
1.8
1.0
2.1
0.7
1.2
1.8
3.4
|
|
|
|
|
I
|
I
|
|
I
|
1
21.0
17.3
16.0
15.2
14.5
14.3
15.0
17.3
15.8
16.8
16.9
19.9
1
1
1
1
1
1
1
1
1
1
1
1
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.1
5.0
5.0
5.1
5.2
I
1
|
|
1
|
1
|
|
|
|
|
17.7
17.8
17.8
18.1
18.2
18.4
18.5
18.7
18.8
19.1
19.0
19.4
934.5
973.3
1015.5
1052.7
1070.7
1090.6
1105.7
1125.0
1141.1
1153.2
1179.0
1185.2
|
|
|
|
|
|
|
|
1
|
|
I
1.6
4.1
4.3
3.7
1.7
1.9
1.4
1.7
1.4
1.1
2.2
0.5
|
I
|
|
I
|
|
|
1
|
|
|
11.7
17.7
23.7
28.7
30.1
31.0
31.8
34.3
33.0
33.7
34.5
28.8
I
I
I
1
1
1
I
1
I
1
I
1
6.3
6.4
6.6
6.8
6.8
6.8
6.8
6.9
6.9
6.9
6.9
6.9
1977-JAN...I
-FEB...|
—MAR . . . 1
—APR...1
—MAY . . . I
-JUN...I
-JUL...|
—AUG...I
-SEP...I
-OCT...|
-NOV...|
—DEC...|
909.5
928.5
968.6
997.0
1040.9
1067.3
1108.6
1137.1
1159.7
1176.9
1199.7
1200.7
1
I
I
|
1
|
|
I
|
I
|
|
j
2.2
2.1
4.3
2.9
4.4
2.5
3.9
2.6
2.0
1.5
1.9
0.1
I
I
|
|
|
|
I
|
I
|
I
|
|
21.9
23.6
26.4
27.1
31.9
32.8
36.6
37.2
38.9
39.3
39.4
35.0
I
1
1
1
1
1
1
1
1
1
1
1
j
5.2
5.3
5.4
5.5
5.7
5.8
5.9
6.0
6.0
6.0
6.1
6.0
|
|
|
|
I
|
I
I
I
|
1
|
|
19.5
19.6
19.8
20.0
20.3
20.4
20.7
20.9
21.1
21.2
21.4
21.4
1243.8
1258.0
1290.5
1299.2
1331.4
1376.2
1429.0
1449.0
1443.2
1453.1
1470.1
1477.7
|
I
|
|
|
|
|
|
|
1
I
I
4.9
1.1
2.6
0.7
2.5
3.4
3.8
1.4
-0.4
0.7
1.2
0.5
I
1
|
|
|
|
1
I
|
|
I
|
33.1
29.3
27.1
23.4
24.4
26.2
29.2
28.8
26.5
26.0
24.7
24.7
1
1
1
1
1
1
I
1
1
1
1
1
7.1
7.1
7.2
7.2
7.3
7.4
7.6
7.6
7.5
7.5
7.5
7.4
1978—JAN...I
—FEB . . . 1
—MAR . . . 1
1206.5
1212.5
1214.4
I
1
|
0.5
0.5
0.2
|
|
|
32.7
30.6
25.4
1
1
1
6.0
5.9
5.9
1
|
|
21.3
21.4
21.6
1472.0
1475.3
1497.4
|
1
|
-0.4
0.2
1.5
|
I
I
18.4
17.3
16.0
1
1
1
7.3
7.2
7.2
AVERAGE O U T S T A N D I N G
LOANS D U R I N G
THE P R E C E D I N G
1 2 MONTHS
( A V E R A G E OF
END-OF-MONTH
DATA).
" R E F I N A N C I N G OF F E D E R A L LAND BANK L O A N S " I S COMPUTED AS LOANS C L O S E D L E S S NEW MONEY L O A N E D .
" R E P A Y M E N T S " ARE COMPUTED AS NEW MONEY LOANED L E S S T H E CHANGE I N LOANS O U T S T A N D I N G .
AGRICULTURAL
230
LIFE
231
INSURANCE
1978
ACTUAL
19
ACQUIRED
ACTUAL
1 2 - M O N T H MOVING
20
21
TOTAL
FARM MORTGAGE COMMITMENTS O U T S T A N D I N G
233.1
SOURCE:
APRIL
COMPANIES
FARM MORTGAGES
232.1
232.3
233
DATABOOK—MONTHLY S E R I E S
FARM MORTGAGES O U T S T A N D I N G
231.1
232
FINANCE
ACTUAL
"MONTHLY
•
22
STATISTICAL
REPORT,™
AMERICAN C O U N C I L
OF
LIFE
INSURANCE.
e
#
TABLE
#
#
#
231.1
L I F E INSURANCE COMPANIES
FARM MORTGAGES OUTSTANDING
END OF MONTH
1
I
1
1
1
MILLIONS
AMOUNT
1976-JAN...I
-FEB...I
—MAR. . . I
-APR...I
-MAY...I
-JUN...I
—JUL•••I
-AUG. . . 1
-SEP...I
-OCT...I
-NOV...I
-DEC...I
11
1977—JAN.••|
-FEB...I
-MAR...I
—APR•••|
—MAY. . . I
-JUN...I
—JUL. . . I
-AUG...I
-SEP.••I
-OCT...I
—NOV...I
—DEC . . . I
O F DOLLARS
1
1
CHANGE FROM P R E V I O U S |
1
YEAR
|
MONTH
I
6744.
6781.
6827.
6873.
6941.
7000.
7068.
7124.
7181.
7217.
7286.
7418.
-9.
37.
46.
46.
68.
59.
68.
56.
57.
36.
69.
132.
|
I
1
1
1
1
I
I
1
I
|
I
j
444.
387.
399.
369.
398.
427.
484.
518.
550.
556.
607.
665.
7428.
7513.
7625.
7816.
7926.
8140.
8236.
8331.
8475.
8569.
8648.
8843.
10.
85.
112.
191.
110.
214.
96.
95.
144.
94.
79.
195.
I
|
|
|
|
|
1
I
|
|
I
|
684.
732.
798.
943.
985.
1140.
1168.
1207.
1294.
1352.
1362.
1425.
|
|
I
I
I
I
|
1
|
1
|
|
i1
|
1
|
|
|
|
I
1
|
I
1
I
P E R C E N T A G E CHANGE
FROM P R E V I O U S
MONTH
|
1
YEAR
-0.1
0.5
0.7
0.7
1.0
0.9
1.0
0.8
0.8
0.5
1.0
1.8
|
|
I
I
|
1
1
|
|
|
I
|
7.0
6.1
6.2
5.7
6.1
6.5
7.4
7.8
8.3
8.3
9.1
9.8
0.1
1.1
1.5
2.5
1.4
2.7
1.2
1.2
1.7
1.1
0.9
2.3
I
1
|
|
1
|
1
I
1
1
|
S
10.1
10.8
11.7
13.7
14.2
16.3
16.5
16.9
18.0
18.7
18.7
19.2
19
TABLE
232.1
L I F E INSURANCE COMPANIES
FARM MORTGAGES A C Q U I R E D
1
1
1
1
1
*
MILLIONS
AMOUNT
OF
DOLLARS
I
1
CHANGE FROM P R E V I O U S 1
1
MONTH
|
YEAR
1
P E R C E N T A G E CHANGE
FROM P R E V I O U S
MONTH
|
1
YEAR
1976—JAN...|
-FEB . . . 1
-MAR...|
-APR...I
-MAY . . . 1
—JUN... |
-JUL...I
-AUG...I
-SEP...I
-OCT...I
-NOV... 1
-DEC...I
1i
100.
116.
136.
128.
125.
131.
138.
106.
123.
79.
116.
242.
-53.
16.
20.
-8.
-3.
6.
7.
-32.
17.
-44.
37.
126.
1
I
|
I
|
|
I
1
|
|
|
I
20.
-48.
17.
8.
50.
56.
83.
53.
61.
25.
51.
89.
I
I
|
I
1
1
|
1
1
I
1
I
|
-34.6
16.0
17.2
-5.9
-2.3
4.8
5.3
-23.2
16.0
-35.8
46.8
108.6
|
|
|
I
|
|
|
|
1
|
I
1
j
25.0
-29.3
14.3
6.7
66.7
74.7
150.9
100.0
98.4
46.3
78.5
58.2
1977-JAN...I
-FEB...I
-MAR...1
-APR...I
—MAY . . . I
-JUN...I
-JUL...I
—AUG * . • I
-SEP...I
-OCT...!
—NOV . . . I
—DEC . . . I
160.
156.
233.
256.
214.
278.
168.
188.
209.
144.
135.
319.
-82.
-4.
77.
23.
-42.
64.
-110.
20.
21.
-65.
—9.
184.
I
1
I
I
1
1
1
1
|
1
|
|
60.
40.
97.
128.
89.
147.
30.
82.
86.
65.
19.
77.
I
1
|
|
|
|
1
|
1
1
1
|
-33.9
-2.5
49.4
9.9
-16.4
29.9
-39.6
11.9
11.2
-31.1
-6.3
136.3
|
|
|
|
1
|
I
|
I
1
|
|
60.0
34.5
71.3
100.0
71.2
112.2
21.7
77.4
69.9
82.3
16.4
31.8
O U T S T A N D I N G MORTGAGES
AT END OF
P R E C E D I N G MONTH.
AS P E R CENTAGE OF
MORTGAGES
OUTSTANDING*
1.5
1.7
2.0
1.9
1.8
1.9
2.0
1.5
1.7
1.1
1.6
3.3
2.2
2.1
3.1
3.4
2.7
3.5
2.1
2.3
2.5
1.7
1.6
3.7
TABLE
232.3
L I F E INSURANCE COMPANIES
FARM MORTGAGES A C Q U I R E D
TWELVE-MONTH MOVING TOTAL
1
1
1
1
1
MILLIONS
AMOUNT
1976—JAN . • . |
-FEB•.•1
-MAR...I
—APR. . . |
—MAY . . . |
-JUN...I
-JUL...|
-AUG...!
-SEP.,.!
-OCT...I
-NOV... I
-DEC . . . 1
11
1977-JAN...1
—FEB...|
—MAR...|
-APR . . . I
—MAY... I
-JUN...I
-JUL . . . I
-AUG...I
-SEP...|
-OCT...I
-NOV... 1
—DEC . . . 1
*
O F DOLLARS
I
1
CHANGE FROM P R E V I O U S I
1
MONTH
|
YEAR
1
P E R C E N T A G E CHANGE
FROM P R E V I O U S
MONTH
YEAR
1095.
1047.
1064.
1072.
1122.
1178.
1261.
1314.
1375.
1400.
1451.
1540.
20.
-48.
17.
8.
50.
56.
83.
53.
61.
25.
51.
89.
|
|
|
1
|
|
|
|
|
|
I
|
j
97.
-51.
-29.
-49.
21.
99.
223.
296.
350.
393.
432.
465.
|
1
|
|
I
I
I
|
|
|
1
I
1.9
-4.4
1.6
0.8
4.7
5.0
7.0
4.2
4.6
1.8
3.6
6.1
|
|
|
I
|
|
|
|
1
I
|
|
9.7
-4.6
-2.7
-4.4
1.9
9.2
21.5
29.1
34.1
39.0
42.4
43.3
1
1
1
1
1
1
1
I
1
1
1
1
16.7
15.9
16.1
16.1
16.8
17.5
18.7
19.3
20.1
20.3
20.9
22.1
1600.
1640.
1737.
1865.
1954.
2101.
2131.
2213.
2299.
2364.
2383.
2460.
60.
40.
97.
128.
89.
147.
30.
82.
86.
65.
19.
77.
|
|
|
I
|
|
I
|
|
|
|
|
505.
593.
673.
793.
832.
923.
870.
899.
924.
964.
932.
920.
1
I
|
|
I
|
|
|
|
|
I
|
3.9
2.5
5.9
7.4
4.8
7.5
1.4
3.8
3.9
2.8
0.8
3.2
|
I
|
|
|
|
1
1
1
|
I
|
46.1
56.6
63.3
74.0
74.2
78.4
69.0
68.4
67.2
68.9
64.2
59.7
1
1
1
1
1
1
1
1
1
1
1
1
22.7
23.1
24.3
25.8
26.8
28.5
28.5
29.2
29.9
30.4
30.2
30.7
AVERAGE O U T S T A N D I N G MORTGAGES D U R I N G THE P R E C E D I N G
|
1
I
AS P E R C E N T A G E Of
I MORTGAGE!
1
OUT1 STANDING*
1 2 MONTHS
(AVERAGE OF
END-OF-MONTH D A T A ) .
21
TABLE
233.1
L I F E INSURANCE COMPANIES
O U T S T A N D I N G FARM MORTGAGE C O M M I T M E N T S
END O F MONTH
1
1
i
i
i
MILLIONS
OF
CHANGE
DOLLARS
I
1
1
PREVIOUS|
1
YEAR
|
FROM
AMOUNT
1976—JAN.•• 1
—FEB.*.1
-MAR . . . 1
-APR . . . I
—MAY... 1
-JUN...I
-JUL . . . 1
-AUG . . . 1
-SEP..eI
-OCT... 1
-NOV... 1
-DEC . . . 1
1
1977-JAN... I
-FEB... |
-MAR...!
—APR...|
—MAY... 1
-JUN...I
-JUL... 1
-AUG...|
-SEP...I
-OCT...I
-NOV...I
-DEC . . . I
1
1978—JAN . . . I
MONTH
P E R C E N T A G E CHANGE
FROM P R E V I O U S
MONTH
|
1
YEAR
AS P E R C E N T A G E
OF MORTGAGES
OUTSTANDING
ACQUIRED
I N MONTH
466.0
477.0
479.0
501.0
482.0
490.0
487.0
494.0
520.0
582.0
592.0
553.0
7.0
11.0
2.0
22.0
-19.0
8.0
-3.0
7.0
26.0
62.0
10.0
-39.0
|
I
1
|
|
|
|
|
|
1
|
|
-30.0
-23.0
13.0
71.0
69.0
91.0
88.0
89.0
82.0
109.0
86.0
94.0
|
1
1
I
|
I
1
I
I
|
I
I
|
1.5
2.4
0 . 4
4.6
- 3 . 8
1.7
—0 . 6
1.4
5.3
11.9
1.7
- 6 . 6
|
I
|
|
I
|
1
I
|
|
I
I
|
—6.0
—4.6
2.8
16.5
16.7
22.8
22.1
22.0
18.7
23.0
17.0
20.5
6.9
7.0
7.0
7.3
6.9
7.0
6.9
6.9
7.2
8.1
8.1
7.5
466.0
411.2
352.2
391.4
385.6
374.0
352.9
466.0
422.8
736.7
510.3
228.5
567.0
614.0
603.0
663.0
680.0
671.0
673.0
696.0
745.0
769.0
782.0
768.0
14.0
47.0
-11.0
60.0
17.0
-9.0
2.0
23.0
49.0
24.0
13.0
-14.0
|
|
|
1
I
|
1
I
|
|
|
|
101.0
137.0
124.0
162.0
198.0
181.0
186.0
202.0
225.0
187.0
190.0
215.0
I
|
1
1
I
|
!
1
1
1
1
|
2.5
8.3
- 1 . 8
10.0
2.6
- 1 . 3
0.3
3.4
7.0
3.2
1.7
- 1 . 8
21.7
28.7
25.9
32.3
41.1
36.9
38.2
40.9
43.3
32.1
32.1
38.9
7.6
8.2
7.9
8.5
8.6
8.2
8.2
8.4
8.8
9.0
9.0
8.7
354.4
393.6
258.8
259.0
317.8
241.4
400.6
370.2
356.5
534.0
579.3
240.8
742.0
-26.0
1
1
I
I
I
1
I
1
1
|
|
|
|
|
i
175.0
1
- 3 . 4
|
30.9
*********
*********
•
•
AGRICULTURAL
300
•
FINANCE
AGRICULTURAL
301
302
310
311
312
OF
•
•
I
1978
LOANS
BANKS AND AVERAGE
RESERVE
PERCENTAGE
FEDERAL RESERVE
312.3
APRIL
•
YEAR
24
DAILY
BORROWING......................25
AND LOANS AT A G R I C U L T U R A L BANKS
FEDERAL
311.3
•
BORROWING BY MEMBER BANKS
NUMBER
DEPOSITS
•
BANKING DATA
AMOUNT AND CHANGE FROM P R E V I O U S
SEASONAL
302.1
•
DATABOOK—MONTHLY S E R I E S
FARM N O N - R E A L - E S T A T E
301.1
•
PERCENTAGE
DISTRICTS
CHANGE
7
FROM
DISTRICT
6
AND 9
PREVIOUS
YEAR,
AND L O A N / D E P O S I T
RATIO
26
YEAR,
AND L O A N / D E P O S I T R A T I O
27
AND TEXAS
CHANGE FROM P R E V I O U S
FOR I N F O R M A T I O N ON THE D E S I G N OF THE SEASONAL BORROWING P R I V I L E G E FOR WHICH
DATA ARE SHOWN I N S E C T I O N 3 0 2 , AND ALSO AN A N A L Y S I S OF I T S P O T E N T I A L AND
ACTUAL U S E BY A G R I C U L T U R A L B A N K S , S E E " S E A S O N A L BORROWING AT THE F E D E R A L
R E S E R V E D I S C O U N T W I N D O W , " BY EMANUEL MELICHAR AND H A R R I E T H O L O E R N E S S ,
OCTOBER 1 9 7 4 , P P . 4 2 - 5 1 .
AGRICULTURAL FINANCE REVIEW,
FOR A B R I E F D I S C U S S I O N O F T H E A N A L Y T I C A L VALUE OF T H E DATA I N S E C T I O N 3 1 0 ,
THE S E C T I O N E N T I T L E D " F R E Q U E N T D E P O S I T AND LOAN D A T A " I N " O V E R A L L MEASURES
F I N A N C I A L P E R F O R M A N C E . " BY EMANUEL M E L I C H A R . A G R I C U L T U R A L F I N A N C E R E V I E W .
FEBRUARY 1 9 7 7 , P P . 8 7 - 8 8 .
SEE
OF
23
TABLE 3 0 1 . 1
FARM N O N - R E A L - E S T A T E
(END
AMOUNT
LARGE
BANKS
(MILLIONS
OF
DOLLARS)
1976-JAN...
—FEB...
-MAR...
-APR . . .
-MAY...
-JUN...
-JUL . . .
-AUG...
-SEP . . .
-OCT...
-NOV...
-DEC...
3645.
3627.
3710.
3802.
3837.
3959.
3999.
4171.
4247.
4278.
4258.
4262.
1977-JAN...
-FEB...
-MAR...
-APR...
-MAY...
-JUN...
-JUL...
-AUG...
-SEP...
-OCT...
-NOV...
-DEC...
4243.
4165.
4268.
4369.
4578.
4694.
4743.
4758.
4794.
4798.
4700.
4700.
1978-JAN...
-FEB...
—MAR...
4639.
4525.
4783.
CHANGE
1 ALL COMMERCIAL BANKS
! ( B I L L I O N S OF DOLLARS)
I
I
1
1
1
1
I
1
I
1
1
1
1
ACTUAL
20.2
20.3
20.5
21.2
21.6
22.2
22.4
22.6
22.9
23.0
23.1
23.3
1
23.7
1
25.6
1
26.3
1
25.7
I SEASONALLY
I ADJUSTED
I
1
1
1
1
I
1
1
1
1
1
1
11
1
1
1
1
1
1
1
I
1
1
1
11
1
1
1
20.6
20.7
20.7
21.3
21.5
21.8
22.0
22.3
22.7
23.0
23.3
23.5
24.0
25.2
26.0
26.0
LARGE
BANKS
(MILLIONS
OF
DOLLARS)
46.
129.
320.
377.
440.
501.
450.
590.
616.
681.
711.
622.
598.
538.
558.
567.
741.
735.
744.
587.
547.
520.
442.
438.
396.
360.
515.
FROM
LOANS AT COMMERCIAL BANKS
O F MONTH1
PREVIOUS
|
1
1 ALL COMMERCIAL B A N K S l
1 ( B I L L I O N S OF D O L L A R S ) !
1
1
I
ACTUAL
1 SEASONALLY!
1 ADJUSTED I
1
1
I
1
1
1
1
1
1
1
1
1
1
I1
1
1
1
1
2.1
2.2
2.2
2.7
2.9
3.1
3.0
2.9
3.0
3.1
3.2
3.1
1
1
1
1
1
1
1
3.4
1
1
1
3.2
3.4
2.4
1
1
1
I
!
I
!
1
i
1
!
1
l1
1
i
1
1
1
1
1
1
1
1
1
1
11
1
I
YEAR
2.0
2.3
2.2
2.6
3.0
3.1
3.0
2.9
3.0
3.1
3.2
3.1
3.3
3.4
3.3
2.5
1
|
1
!
1
I
1
1
I
|
1
1
|1
1
1
|
1
1
!
1
t
1
1
1
|
§1
1
1
PERCENTAGE CHANGE FROM
P R E V I O U S YEAR
LARGE
BANKS
1.3
3.7
9.4
11.0
13.0
14.5
12.7
16.5
17.0
18.9
20.0
17.1
16.4
14.8
15.0
14.9
19.3
18.6
18.6
14.1
12.9
12.2
10.4
10.3
9.3
8.6
12.1
1 ALL COMMERCIAL BANKS
!
1
ACTUAL
| SEASONALLY
1
1 ADJUSTED
1
1
1
1
1
1
1
I
!
1
1
1
I
1
1
1
!
1
1
1
!
I
1
11.6
12.2
11.8
14.6
15.5
16.2
15.5
14.7
15.3
15.6
16.1
15.3
1
1
I
1
1
10.3
15.8
15.5
14.6
1
I
1
1
I
1
|
|
1
I
1
1
1
1
!
1
1
1
1
1
1
I
I
10.8
12.5
11.9
13.9
16.2
16.6
15.8
14.9
15.3
15.6
15.9
15.2
!
1
1
I
1
10.5
15.8
15.5
14.6
L A R G E - B A N K DATA ARE FOR A P P R O X I M A T E L Y 3 3 0 COMMERCIAL BANKS THAT S U B M I T THE F . R . 4 1 6 WEEKLY R E P O R T OF C O N D I T I O N .
ARE BANKS THAT HAD T O T A L D E P O S I T S I N E X C E S S O F $ 1 0 0 M I L L I O N A S O F DECEMBER 3 1 , 1 9 6 5 .
DATA SHOWN FOR ALL COMMERCIAL BANKS ARE FROM CALL R E P O R T S A V A I L A B L E FOR J U N E AND DECEMBER 1 9 7 5 AND Q U A R T E R L Y
(MARCH AND S E P T E M B E R DATA ARE E S T I M A T E D FOR U N I N S U R E D B A N K S ) .
FOR OTHER M O N T H S , DATA SHOWN ARE I N T E R P O L A T E D
DATA FOR DEC 1 9 7 7 ARE P R E L I M I N A R Y E S T I M A T E S .
THESE
STARTING IN
ESTIMATES.
MARCH 1 9 7 6
TABLE
302.1
MEMBER
BANK B O R R O W I N G UNDER S E A S O N A L BORROWING P R I V I L E G E
WEEK E N D I N G ON L A S T WEDNESDAY O F MONTH
NUMBER
OF
DEPOSIT
1
1
1
1
SIZE
UP TO
$100
MILLION
TOTAL
AVERAGE D A I L Y SEASONAL BORROWING
(THOUSANDS OF D O L L A R S )
BANKS
OF
OVER
$100
MILLION
1976-JAN***!
-FEB.e.l
—MAR•••|
—APR. . . I
—MAY . . . 1
-JUN...I
-JUL.**!
—AUG***1
-SEP* e * |
—OC T • • • I
-NOV***!
-DEC***!
7.
10.
17.
20*
21*
42*
38*
40*
49*
40*
31*
19*
7*
10*
17*
20*
21*
41*
37*
39*
48*
38*
31*
19.
0*
0*
0*
0.
0.
1.
1.
1.
1.
2.
o.
o.
1977—JAN * • * 1
-FEB**.!
—MAR * * * !
-APR***!
—MAY* * * I
-JUN * * * 1
—JUL . . . 1
—AUG * * * !
-SEP...1
-OCT...!
-NOV...!
-DEC***!
11
1978—JAN,* * I
-FEB***!
-MAR...I
8*
10*
17*
21*
45.
59*
63*
99*
92*
81*
53*
34*
8*
10*
17*
21*
44*
55.
59.
89.
83.
74.
45.
31.
0.
o.
o.
o.
1.
4*
4*
10*
9*
7*
8*
3*
23*
31*
51.
23*
31*
49*
0*
0*
2*
42.
1.
|
-APR....
43.
ION
IS
DEPOSIT
BANK
1
1
I
1
1
1
l
I
I
1
1
1
1
1
1
1
1
1
1
1
1
!
1
I
I
I
1
1
1
1
I
1
B A S E D ON AVERAGE
TOTAL
SIZE
U P TO
$100
MILLION
OF
BANK
OVER
$100
MILLION
8267*
8233*
9605*
11153*
11637*
27898*
25957*
23354*
33618*
33297*
27215*
9970*
8267*
8233*
9605*
11153*
11637*
25898*
20243*
17354*
29618*
29154*
27215*
9970*
0*
0*
0*
0*
0*
2000*
5714*
6000*
4000*
4143*
0*
0*
8113*
11353*
14161*
15030*
34503*
70158*
68701*
130235*
115456*
116094*
74288*
52761*
8113*
11353*
14161*
15030*
32503*
45658*
48508*
80936*
73456.
74794.
41488.
34461.
0.
0.
0*
0*
2000*
24500*
20193*
49299*
42000*
41300*
32800*
18300*
35588*
52858*
51892*
35588*
52858*
50535*
0*
0*
1357*
44686.
4714.
49400.
DEPOSITS
IN
1972*
25
26
TABLE
311.3
D E P O S I T S AND LOANS AT A G R I C U L T U R A L BANKS
S E V E N T H AND N I N T H F E D E R A L R E S E R V E D I S T R I C T S
SEVENTH FEDERAL RESERVE D I S T R I C T
N I N T H FEDERAL RESERVE D I S T R I C T ( M I N N E A P O L I S )
SECOND WEDNESDAY O F MONTH
(CHICAGO)
I
*
PERCENTAGE
L
I
I
J
CHANGE
DEPOSITS
TOTAL
1
GL&AWD—I
1976—JAN.•• 1
-FEB...I
—MAR . . . 1
-APR.. . 1
-MAY...1
-JUN...I
—JUL... I
-AUG...I
-SEP..•1
-OCT...I
-NOV . . . I
-DEC...1
11.5
12.1
12.5
12.9
13.8
13.2
11.8
11.5
12.0
11.7
10.6
11.5
1
1
1
I
1
1
I
I
I
1
|
I
|
1.5
4.0
5.4
6.2
8.5
7.5
5.2
5.3
5.4
3.2
0.5
3.9
1977—JAN...I
-FEB.•.I
-MAR . . . I
—APR . . . I
-MAY . . . 1
—JUN... I
-JUL... I
—AUG... 1
-SEP...1
-OCT...I
—NOV . . . 1
-OEC...I
11
1978—JAN...I
-FEB...1
-MAR . . . I
11.5
11.1
11.8
12.3
12.3
11.5
10.7
10.5
9.7
8.5
9.0
9.5
1
1
1
1
1
|
I
|
1
1
I
1
j
3.1
2.0
4.5
5.7
5.4
3.8
1.2
1.1
-1.1
-2.6
0.6
2.3
8.1
7.3
7.2
1
I
|
2.4
0.9
1.9
FUNDS
FROM P R E V I O U S
SOLD AND S E C U R I T I E S
PERCENTAGE
YEAR
LOANDEPOSIT
RATIO
LOANS
IlttJL
18.2
17.5
17.2
17.4
17.6
17.5
16.7
16.4
17.7
18.7
17.7
17.9
18.0
17.5
17.5
17.5
17.7
17.8
18.3
17.7
17.2
15.8
15.0
15.3
5.5
5.3
4.7
15.1
15.3
15.1
16.5
20.7
16.8
17.7
18.5
18.6
18.8
18.5
18.1
20.1
19.6
20.6
20.0
15.8
20.8
23.0
22.6
23.2
22.4
20.8
20.4
10.9
10.5
9.1
P U R C H A S E D UNDER AGREEMENTS
0.537
0.537
0.543
0.545
0.572
0.551
0.560
0.561
0.558
0.555
0.561
0.568
0.574
0.574
0.581
0.578
0.586
0.593
0.612
0.617
0.621
0.623
0.619
0.621
0.614
0.616
0.617
TO R E S E L L .
CHANGE FROM P R E V I O U S
DEPOSITS
TOTAL
I
9.6
10.1
8.2
9.6
9.0
8.6
8.3
8.9
7.9
9.3
8.3
DEMAND
—0.6
3.0
1.2
5.4
4.3
3.6
2.9
4.3
0.4
1.8
0.5
8.0
-0.0
7.4
7.2
-0.8
-1.1
8.8
8.7
9.1
8.6
8.0
0.8
0.2
1.2
1.0
0.8
LOANS
1
14.9
13.3
11.3
11.4
11.0
10.8
10.6
10.9
11.1
12.6
11.8
11.6
11.1
10.6
12.1
12.2
12.2
11.7
10.8
11.0
10.6
10.0
-0.1
3.0
3.2
9.4
9.1
8.5
7.9
7.7
5.6
8.9
8.2
2.1
6.1
LOANDEPOSIT
RATIO
3JHEL
7.8
8.5
7.7
7.6
7.4
3.3
YEAR
8.8
9.0
9.1
12.8
0.607
0.619
11.3
10.5
10.9
13.0
11.3
12.4
13.4
14.0
14.4
0.616
12.6
0.622
0.635
0.640
0.645
0.649
0.654
0.650
0.644
0.642
12.4
12.9
14.7
14.3
14.3
13.4
14.9
14.4
13.4
14.0
14.7
13.7
0.635
0.651
0.650
0.654
0.665
0.669
0.686
0.689
0.684
0.688
0.687
0.680
13.9
13.2
13.4
0.683
0.681
0.666
TABLE
312.3
D E P O S I T S AND LOANS AT A G R I C U L T U R A L BANKS
S I X T H FEDERAL R E S E R V E D I S T R I C T AND T E X A S
S I X T H FEDERAL RESERVE D I S T R I C T (ATLANTA)
MONTHLY AVERAGE E N D I N G SECOND WEDNESDAY OF MONTH
P E R C E N T A G E CHANGE
FROM P R E V I O U S
YEAR
DEPOSITS
LOANS
TOTAL
1
DEMAND
1
TIME
|
1
1
1
1
LOANDEPOSIT
RATIO
TEXAS
I
1
PERCENTAGE CHANGE
FROM P R E V I O U S YEAR
LOANS
1
I
I
I
1
LOANDEPOSIT
RATIO
1
1
1
1
|
I
|
1
I DEPOSITS
1
I
1
0.570
0.573
0.569
0.572
0.589
0.591
0.598
0.605
0.606
0.598
0.595
0.594
i
1
1
1
1
1
1
1
1
I
1
1
15.9
15.4
15.0
15.3
14.1
12.9
12.1
10.5
10.1
10.0
10.2
11.3
|
|
|
I
|
|
|
|
|
|
|
|
10.8
12.1
13.0
14.4
16.4
18.2
19.8
21.3
21.3
20.9
20.3
17.6
1
I
I
1
I
1
1
I
I
1
1
1
0.479
0.477
0.482
0.487
0.507
0.516
0.522
0.533
0.536
0.536
0.531
0.521
|
|
I
|
|
|
|
|
|
I
I
1
17.4
18.2
18.9
19.6
19.3
18.8
18.6
18.6
18.8
17.8
16.8
17.6
I
1
I
I
1
1
1
1
1
1
I
1
|
0.502
0.505
0.516
0.524
0.546
0.554
0.559
0.568
0.571
0.567
0.557
0.552
|
|
|
1
I
I
I
|
|
I
I
|
j
1
0.526
1
0.528
I
0.534
j*********
1
|
I
j
1976-JAN...
-FEB...
-MAR*.•
—APR...
-MAY...
—JUN...
—JUL...
-AUG...
-SEP...
-OCT...
-NOV...
-DEC...
*********
|*********
|*********
*********
|
8.5
10.5
11.1
11.7
10.7
10.2
10.4
10.1
11.0
12.1
12.3
I
I
1
I
I
I
1
1
1
I
1
9.9
8.5
8.7
10.3
9.4
9.0
8.6
7.2
7.1
8.2
9.1
I
1
1
\
1
1
1
1
1
1
1
|
10.5
11.7
12.4
12.5
11.5
11.5
11.4
11.8
13.2
14.2
14.2
6.7
8.5
11.3
13.1
13.0
14.0
14.4
14.9
14.4
14.5
15.1
1
I
1
|
|
1
|
|
|
|
1
1977-JAN...
—FE B * . .
—MAR . . .
—APR...
-MAY...
-JUN...
-JUL...
-AUG...
-SEP...
—OC T . . .
-NOV...
—DEC...
11.7
10.4
2.8
2.2
10.0
10.1
10.9
10.8
10.8
9.3
9.7
10.7
1
1
I
1
I
1
I
1
1
1
1
1
7.0
5.1
-0.1
-0.7
4.6
4.0
5.3
4.6
4.4
3.4
4.5
5.9
1
1
I
1
I
1
1
1
1
1
1
1
|
14.5
13.5
4.4
3.9
13.0
13.4
13.9
14.0
14.2
12.4
12.5
13.4
16.1
14.9
7.2
6.5
15.0
17.0
17.2
17.7
17.7
18.0
18.5
18.5
1
|
|
1
I
|
|
|
|
I
|
|
|
0.592
0.596
0.594
0.596
0.616
0.628
0.632
0.643
0.644
0.646
0.642
0.636
1
1
1
1
1
1
1
1
1
1
1
11.9
11.7
11.0
11.1
10.8
10.7
10.9
11.2
11.5
11.4
11.3
|
|
I
1
|
|
|
I
|
|
|
1
11.0
|
1978-JAN...
-FEB...
-MAR...
—APR...
11.1
10.8
11.9
12.9
1
1
1
I
8.5
7.9
8.9
11.4
1
1
1
I
12.5
12.3
13.6
13.7
16.9
16.7
17.3
14.4
|
|
|
|
0.623
0.628
0.622
0.604
1
10.5
1
10.9
1
11.3
|*********
15.7
|
|
16.1
|
15.2
|*********
DATA FOR THE S I X T H D I S T R I C T ARE FOR MEMBER BANKS AT WHICH A G R I C U L T U R A L LOANS C O M P R I S E 1 5 PER C E N T OR MORE O F T O T A L L O A N S .
DATA FOR T E X A S ARE FOR A SAMPLE O F MEMBER BANKS AT WHICH A G R I C U L T U R A L LOANS C O M P R I S E 2 5 P E R C E N T OR MORE OF TOTAL L O A N S .
FOR BOTH D I S T R I C T S s LOANS ARE G R O S S LOANS L E S S F E D E R A L FUNDS S O L D AND S E C U R I T I E S P U R C H A S E D UNDER AGRE r MENTS TO R E S E L L .
AGRICULTURAL
UPDATED
100
FINANCE
TABLES
FOR
AGRICULTURE
OUTSTANDING
(DATA FOR
110
TOTAL
111.1
111.2
111.3
111.4
111.5
120
200
FARM
201.1A
DATABOOK—ANNUAL
JANUARY 1 , 1 9 7 0 - D A T E
1 9 7 8 ARE U S D A E S T I M A T E S
AS
SERIES.
OF
APRIL
NOVEMBER
1978
1977
1978 >
DEBT
ESTATE
OPERATIONS
SUMMARY O F
CCC
CCC
29
29
29
29
LOANS
LOANS
30
30
30
30
YEAR
DEBT
AMOUNTS
CHANGE D U R I N G YEAR
P E R C E N T A G E CHANGE D U R I N G
PERCENTAGE D I S T R I B U T I O N ,
PERCENTAGE D I S T R I B U T I O N ,
LENDING
YEAR
INCLUDING
EXCLUDING
DEBT
AMOUNTS
CHANGE D U R I N G YEAR
P E R C E N T A G E CHANGE D U R I N G
PERCENTAGE D I S T R I B U T I O N
NON-REAL-ESTATE
131.1
131.2
131.3
131.4
131.5
FARM D E B T ,
JANUARY 1 ,
APRIL
SERIES
FTMANF.F
AMOUNTS
CHANGE D U R I N G YEAR
P E R C E N T A G E CHANGE D U R I N G
PERCENTAGE D I S T R I B U T I O N ,
PERCENTAGE D I S T R I B U T I O N ,
REAL
121.1
121.2
121.3
121.4
DATABOOK—MONTHLY
YEAR
INCLUDING
EXCLUDING
AND E X P E R I E N C E
PERCENTAGE
CHANGES
IN
CCC
CCC
LOANS
LOANS
O F NONBANK
FARM
31
31
31
31
31
INSTITUTIONS
LENDING
OPERATIONS
32
OUTSTANDING
FARM D E B T ,
DEBT
DEBT I N C L U D I N G
CCC L O A N S
YEAR
TABLE
T I M
197 0
197 1
197 2
197 3
1974
197 5
197 6
197 7
197 8
TABLE 1 1 1 . 2
197 0
197 1
197 2
197 3
1 9 74
197 5
197 6
197 7
TOTAL
TOTAL
53026.
54484.
59114.
65345.
74137.
81833.
90832.
102313.
119691.
2676.
1876.
2262.
1793.
750.
319.
358.
1012.
4489«
50350.
52608.
56852.
63552.
73387.
81514.
90474.
101301.
115202.
13875.
14874.
16717.
19107.
22625.
24204.
26456.
30064.
33500.
2257.
4244.
6700.
9835.
8127.
8960.
10827.
13901.
999.
1843.
2390.
3518.
1579.
2252.
3608.
3436.
TABLE 1 1 1 . 4
EXCLUDING
1
CCC
LOANS
FARMERS
HOME
ADMINISTRATIQN
INDIVIDUALS
AND
OTHERS
COOPERATIVE
FARM
CREDIT
SYSTEM
LIFE
INSURANCE
COMPANIES
11384.
12660.
14195.
15909.
19062.
23296.
27073.
31055.
35350.
5734.
5610.
5564.
5643.
5965.
6297.
6726.
7400.
8700.
3065.
3235.
3389.
3616.
3891.
4259.
5141.
5566.
7112.
16293,
16228,
16987
19277
21845
23458
25078
27216
30540
-124.
-46.
79.
322.
333.
429.
674.
1300.
170.
154.
227.
275.
369.
882.
424.
1546.
—65
759,
2290,
2568
1613
1621
2138
3324
5.6
4.8
6.7
7.6
9.5
20.7
8.3
27.8
- 0 . 4
4.7
13.5
13.3
7.4
6.9
8.5
AMOUNTS IN MILLIONS OF DOLLARS
I
1
I
I
1
1
I
I
I
I
L
CHANGE DURING YEAR
I
1
1
I
I
I
I
I
I
1458.
4630.
6231.
8792.
7695.
9000.
11481.
17378.
-800.
386.
-469.
-1043.
-432.
39.
654.
3477.
I
I
I
I
I
1
I
I
4.5
2.7
8.5
10.5
13.5
10.4
- 2 9 . 9
20.6
-20.7
-58.2
- 5 7 . 6
12.3
182.8
11.1
11.0
12.0
17.0
343.7
13.7
11.0
12.6
_1_
.1
1970
.1
1971
,I
1972
»|
1973
1974.....
. I
1975
1 9 7 6 . . . . , ,|
. I
1977
, 1
1978
1276.
1534.
1714.
3153.
4234.
3778.
3982.
4295.
PERCENTAGE CHANGE DURING YEAR
TABLE 1 1 1 . 3 \
197 0
197 1
197 2
197 3
197 4
197 5
197 6
197 7
BANKS
CCC
LOANS
JANUARY
8.1
11.8
15.5
"TABLE 11175
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
5.
3 .
3.
2.
1.
0 .
0 .
1.
3.
0
4
8
7
0
4
4
0
8
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
7.2
12.4
14.3
18.4
7.0
9.3
13.6
11.4
11.2
12.1
12.1
19.8
22.2
16.2
14.7
13.8
-2.2
- 0 . 8
1.4
5.7
5.6
6.8
10.0
17.6
12.2
pERCENTAGE DISTRIBUTION."
27.6
28.3
29.4
30.1
30.8
29.7
29.2
29.7
29.1
22.6
24.1
25.0
25.0
26.0
28.6
29.9
30.7
30.7
11.4
10.7
9.8
8.9
8.1
7.7
7.4
7.3
7.6
6.1
6.1
6.0
5.7
5.3
5.2
5.7
5.5
6.2
32.4
30.8
29.9
30.3
29.8
28.8
27.7
26.9
26.5
29
OUTSTANDING
1
1
COOPERATIVE
!
YEAR
TOTAL
|
BANKS
TOTAL
1
1
i
121 ,1 1
TABLE
FARM
REAL
FARM
ESTATE
CREDIT
DEBT,
JANUARY
SYSTEM
30
1
|
1
LIFE
|
FARMERS
1
FEDERAL
J O I N T - | INSURANCE I
HOME
FARM
STOCK
| COMPANIES! A D M I N I S MORTGAGE
LAND
|
TRATION
1
CORPORATION
BANKS
1
1
A M O U N T S IN M I L L I O N S O F D O L L A R S
FEDERAL
LAND
BANKS
1
1 INDIVIDUALS
1
AND
OTHERS
1
1
1
1
1
1
1
1
9
9
9
9
9
7
7
7
7
7
0
1
2
3
4
.
.
.
.
.
.
.
.
.
.
.
. ..I
. -.1
.
. • •1
1
29183.
30346.
32208.
35758.
41253.
3545.
3772.
4218.
4792.
5458.
6671.
7145.
7880.
9050.
10901.
6671.
7145.
7880.
9050.
10901.
******
******
******
******
******
******
******
******
******
******
5734.
5610.
5564.
5643.
5965.
2280
2440
2618
2835
3013
.
.
.
.
.
10953.
11378.
11927.
13437.
15915.
1
1
1
1
9
9
9
9
7
7
7
7
5
6
7
8
.
.
.
.
.
.
.
.
.
.
.
.
4
5
5
6
.
.
.
.
5966.
6296.
6781.
7800.
13402»
15950 ®
18455.
21466.
13402 .
15950.
18455.
21466.
******
******
******
******
******
******
******
******
6
6
7
8
321
336
368
397
.
.
.
.
17408.
18728.
20266.
22290.
1970...
1 9 7 1 . . . ..I
1972..*..|
1973..
1974...
!
1163.
1862.
3550.
5495.
5036.
227.
446.
574.
666.
508.
474.
734.
1170.
1851.
2501.
474.
734.
1170.
1851.
2501.
******
******
******
******
******
******
******
******
******
******
-124.
—46 .
79.
322.
333.
160.
178.
217.
178.
201.
425.
549.
1510.
2478.
1493.
1975...
1976...
1977...
4781.
5521.
7636.
330.
485.
1019.
2547.
2505.
3011.
2547.
2505.
3011.
******
******
******
******
******
******
429.
674.
1300.
154.
320.
282.
1321.
1538.
2024.
I
TABLE
6
1
6
4
2
0
5
2
8
6
9
2
8
9
0
6
I
121 ,2 |
CHANGE
I
DURING
2
7
4
7
9
2
0
0
7
6
0
0
.
.
.
.
5
9
8
0
YEAR
1
121 .3 [
;
1970...
1971...
1972..,
1973..„
1974...
TABLE
PERCENTAGE
I
1975...
1976.. ,
1 9 7 7 . • «.
TABLE
7.1
10.3
14.9
20.5
22.9
7.1
10.3
14.9
20.5
22.9
******
******
******
******
******
******
******
******
******
******
-2.2
—0.8
1.4
5.7
5.6
7
7
8
6
6
0
3
3
3
7
3.9
4.8
12.7
18.4
9.4
10.3
10.8
13.5
5.5
7.7
15.0
19.0
15.7
16.3
19.0
15.7
16.3
******
******
******
******
******
******
6.8
10.0
17.6
4.8
9.5
7.6
7.6
8.2
10.0
PE
100.0
100.0
100.0
100.0
100.0
12.1
12.4
13.1
13*4
13.2
24.5
1975...
1976...
19 7 7 . . .
1978...
100.0
100.0
100.0
100.0
1
1
1
1
YEAR
6.4
11.8
13.6
13.9
9.3
1970...
1971...
1972...
3973.,. * * I
1974...
I
DURING
4.0
6.1
11.0
15.4
12.2
— L
121 .4 1
1
|
CHANGE
2
2
2
2
.
.
.
.
9
3
0
1
22.9
23.5
RCENTAGE DISTRIBUTION
25.3
26.4
2J.9
23.5
24.5
25*3
26.4
*****
*****
*****
*****
2
3
3
3
29.0
31.2
32.6
33.4
*****
*****
9
1
2
3
.
.
.
.
0
2
6
4
.
.
.
.
.
*****
* * * *
*
*
*****
*****
*****
*****
*****
19.6
18.5
17.3
15.8
14.5
7
8
8
7
7
.
.
.
.
.
8
0
1
9
3
3
3
3
3
3
*****
*****
*****
*****
13.6
13.2
13.1
13.5
6
6
6
6
.
.
.
.
9
6
5
2
37.6
7
7
7
7
8
.
.
.
.
.
5
5
0
6
6
36.7
35.8
34.7
OUTSTANDING
DEBT INCLUDING
CCC LOANS
1
|
1
1
1
1
1
1
YEAR
TABLE 131 .1
TOTAL
CCC
LOANS
9
9
9
9
9
9
9
9
9
7
7
7
7
7
7
7
7
7
TABLE 131 . 2
1
1
1
1
1
1
1
1
9
9
9
9
9
9
9
9
7
7
7
7
7
7
7
7
0
1
2
3
4
5
6
7
23843.
24138.
26906.
29587.
32884.
35544.
39763.
45723.
55465.
2676.
1876.
2262.
1793.
750.
319.
358.
1012.
4489.
1
1
- 8 0 0 .
386.
—469 •
-1043.
- 4 3 2 .
39.
654.
3477.
1
TABLE 131 . 3
1
1
1
1
1
1
1
1
9
9
9
9
9
9
9
9
7
7
7
7
7
7
7
7
0
1
2
3
4
5
6
7
.
.
.
.
.
.
.
.
J
1.2
11.5
10.0
11.1
8.1
11.9
15.0
21.3
.
.
. . . . 1
. . . . 1
.
.
.
.
TABLE 131
- 2 9 . 9
20.6
- 2 0 . 7
- 5 8 . 2
- 5 7 . 6
12.3
182.8
343.7
1970..
1971..
1973..
1974..
1975..
1976..
1977.. . . . 1
1978..
TOTAL
BANKS
I
I
I
I
I
1
|
1
I
1
I
1
I
1
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
1
11.2
7.8
8 . 4
6 . 1
2 . 3
0 . 9
0 . 9
2.2
8 . 1
1E X C L U D I N G
COOPERATIVE
JANUARY
CCC
I
I
I
I
I
I
I
I
1
1
I
1
I
I
1
I
I
I
1
1
1
I
1
1
1
1
1
1
1
FARM
1
LOANS
CREDIT
PRODUCTION
TOTAL
1
I
CREDIT
ASSOCIATIONS
SYSTEM
|
1
FARMERS
HOME
FEDERAL |
INTERMEDI-I ADMINISTRATION
ATE C R E D I T |
9ANKS
AMOUNTS IN MILLIONS OF DOLLARS
21168.
22262.
24644.
27794.
32134.
35226.
39406.
44711.
50976.
10330.
11102.
12498.
14315.
17167.
18238.
20160.
23283.
25700.
4713.
5515.
6315.
6859.
8160.
9893.
11124.
12601.
13884.
4495.
5295.
6078.
6607.
7829.
9519.
10773.
12233.
13508.
1
1
{INDIVIDUALS
1
AND
I
OTHERS
1
1
.
.
.
.
.
.
.
.
.
785.
795.
771.
780.
877.
1044.
1772.
1877.
3142.
5
4
5
5
5
6
6
6
8
2.
17.
14.
80.
42.
-24.
18.
8 .
10.
- 2 4 .
10.
97.
167.
728.
105.
1265.
- 4 9 0 .
210.
780.
9 0 .
120.
300.
600.
1300.
1.2
- 3 . 0
1.2
12.4
19.1
69.7
5.9
67.4
- 9 . 2
4 . 3
15.4
1.5
2.0
5.0
9.4
18.7
3.7
3.6
3.1
2.8
2.7
3.0
4.5
4.2
6.2
25.2
21.8
20.5
21.0
18.5
17.2
16.1
15.5
16.2
2
2
2
2
3
3
3
3
3
1
2
3
5
3
7
5
6
7
8
0
7
1
1
4
0
8
6
3
8
0
8
9
0
3
9
2
4
5
6
4
3
5
5
5
5
0.
0.
0.
0.
0.
0.
0.
0.
0.
CHANGE DURING YEAR
1094.
2383.
3150.
4340.
3092.
4180.
5305.
6265.
772.
1397.
1817.
2852.
1071.
1922.
3123.
2417.
5.2
10.7
12.8
15.6
9.6
11.9
13.5
14.0
7.5
12.6
14.5
19.9
6.2
10.5
15.5
10.4
802.
800.
544.
1302.
1733.
1230.
1477.
1283.
800.
783.
530.
1221.
1691.
1254.
1460.
1275.
PERCENTAGE CHANGE DURING YEAR
1
f TABLE 131 . 5
1
.4
|
1
294.
2769.
2681.
3297.
2660.
4219.
5959.
9742.
..
..
.. . . . 1
.. . . . 1
..
..
..
..
1
1
I
!1
|
0..
1.. . . . 1
2.. . . . 1
3..
4..
5..
6..
7..
8..
DEBT
DEBT,
1
I
1
1
1
1
1
1
1
1
1
1
1
FARM N O N - R E A L - E S T A T E
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
17.0
14.5
8.6
19.0
21.2
12.4
13.3
10.2
17.8
14.8
8.7
18.5
21.6
13.2
13.5
10.4
1.0
7.7
6.0
31.9
12.8
—6 . 3
5.0
2.3
PERCENTAGE DISTRIBUTION
4
4
5
5
5
5
5
5
5
8
9
0
1
3
1
1
2
0
.
.
.
.
.
.
.
.
.
8
9
7
5
4
8
2
1
4
22.3
24.8
25.6
24.7
25.4
28.1
28.2
28.2
27.2
2
2
2
2
2
2
2
2
2
1
3
4
3
4
7
7
7
6
.
.
.
.
.
.
.
.
.
2
8
7
8
4
0
3
4
5
1.0
1.0
1.0
0.9
1.0
1.1
0.9
0 . 8
0.7
TABLE
32
201.1A
SUMMARY O F
PRODUCTION CREDIT
CHANGE
D U R I N G YEAR
IN
OUT S T A N D I N G
AMOUNT
****
****
****
****
****
****
****
*•**
****
****
****
****
****
4.
9.
12.
14.
8.
13.
17.
17.
9.
17.
11.
9.
5.
3.
6.
24.
-0.
-21.
7.
15.
23.
3.
5.
22.
—3 .
****
****
****
****
****
****
****
****
****
****
****
****
****
****
****
1
1
|
|
|
j
6.
6.
7.
12.
14.
-7.
19.
12.
40.
21.
—10 .
19.
6.
22.
13.
****
****
****
****
****
25.
14.
- 1 .
-10.
9.
****
****
****
****
****
****
1
|
3e
3.
11.
3.
I
|
1
|
12.
9.
6.
4.
- 1 .
10 4
-13.
—16.
-8.
-30.
18.
-8.
-12.
6.
6.
7.
10.
15.
20.
23.
****
53.
44.
42.
24.
-12.
41.
46.
47.
27.
****
123.
36.
20.
13.
-0.
25.
25.
26.
6.
1
|
|
1
|
|
- 2 .
- 1 .
1.
6.
6.
—42 .
53.
41.
43.
- 1 .
-23.
19.
15.
9.
- 4 .
19.
16.
16.
7.
9.
23.
4.
6.
20.
24.
20.
35.
11.
29.
25.
I
1
|
7.
10.
19.
5.
39.
67.
-7.
31.
21.
12.
8.
11.
7.
6.
****
****
****
****
****
9.
15.
9.
14.
11.
15.
16.
13.
9.
10.
16.
14.
18.
23.
5.
15.
15.
12.
8.
22.
11.
16.
12.
18.
8.
18.
17.
14.
25.
31.
9.
13.
13.
14.
11.
8.
14.
15.
20.
12.
11.
8.
19.
18.
10.
12.
13.
FOR Y E A R S B E F O R E 1 9 7 1 , DATA SHOWN FOR L I F E I N S U R A N C E
S T A R T I N G I N 1 9 7 1 , THE DATA SHOWN COVER FARM M O R T G A G E
1
;
|
|
|
|
****
****
****
****
****
7.
10.
****
****
****
***+
****
****
12.
LSIIIONS iSITIQNS
****
****
****
****
****
****
13.
AMOUNT
0.
4.
****
12.
CHANGE
|
CHANGE FROM
D U R I N G Y E A R | P R E V I O U S YEAR
IN
|.
OUTSTANDING|ACQUI- I D I S P O -
0.
-1.
****
****
****
****
14.
COMPANIES*
11.
9.
****
****
****
****
****
9.
INSURANCE
****
****
****
****
****
****
****
12.
LIFE
1
|
;
****
****
****
****
****
11.
EXPERIENCE
CHANGE
|
CHANGE FROM P R E V I O U S YEAR
DURING YEAR|
IN
I L O A N S | NEW
| REFINANCING!
OUTSTANDING|CLOSED|MONEY |OF FED. LAND|REPAYMENTS
AMOUNT
1
1 LOANED I BANK L O A N S 1
****
****
****
****
***•
10.
AND
BANKS
****
****
****
****
****
12.
16.
10.
LAND
****
****
20.
10.
FEDERAL
OPERATIONS
****
****
17.
21.
LENDING
****
****
1.
11.
FARM
****
***•
4.
12.
IN
****
****
13.
15.
*
10.
12.
10.
CHANGES
****
****
18.
10.
18.
PERCENTAGE
I
CHANGE FROM P R E V I O U S YEAR
I
I L O A N S I NEW I
I
I MADE | L O A N S I R E N E W A L S I C O L L E C T I O N S
I
I
I
|
****
****
11.
ANNUAL
ASSOCIATIONS
C U M P A N I E S I N C L U D E A L L FARM MORTGAGE L O A N S ;
LOANS I N THE U N I T E D S T A T E S O N L Y .
B O A R D OF G O V E R N O R S
FEDERAL RESERVE SYSTEM
Office Correspondence
Tn Recipients of Monthly Databook
TTmtn
Marian Sa.yre
Date_ikm_
Snhfot; Corrected Tables for the
Federal Land Bank Section
After getting our April Databook back from the printshop an error
was detected in the March 1978 data for the Federal Land Bank tables
222.1 and 223.1. The attached supplement should replace the corresponding pages in the April Databook. The l a t t e r r e f l e c t s the summary figures
of the monthly FLB data rather than the agricultural loan figures due
to a s l i g h t oversight at Farm Credit in compiling the release from which
we take our data.
TABLE
222.1
F E D E R A L LAND BAI
LOANS CLOSED
AMOUNT
MILLIONS
OF
DOLLARS
|
I
|
P E R C E N T A G E CHANGE
FROM P R E V I O U S
MONTH
|
|
|
|
13.8
14.3
8.0
13.0
4.6
7.7
18.3
2.0
7.3
5.7
11.4
15.6
|
1
1
|
|
|
|
|
|
|
|
|
2.5
2.1
3.2
2.6
2.1
2.4
2.1
1.8
1.8
1.7
1.9
2.4
|
|
|
|
I
|
I
|
|
|
|
|
1
263.8
337.4
478.0
432.2
449.2
502.8
466.1
442.0
407.4
381.7
330.2
309.2
|
|
|
I
|
|
|
|
|
|
|
|
18.0
23.8
28.7
19.4
42.5
24.9
34.1
25.6
17.5
14.4
19.5
2.6
4930.
4719.
6801.
5627.
5806.
5868.
4784.
4808.
4457.
4361.
4846 •
5003.
2.4
5.6
6.6
4.6
19.0
13.4
7.3
10.1
7.0
6.4
8.5
-0.9
940 58.
91013.
99833.
92640.
89273.
862 3 3 .
102888.
83792.
85203.
82240.
86442.
89729.
|
1
|
|
|
|
|
|
|
|
|
|
15.3
17.2
20.7
14.1
19.8
10.2
24.9
14.1
9.8
7.5
10.1
3.5
|
|
|
|
|
|
|
|
|
|
|
I
2.5
2.3
3.6
2.7
2.6
2.5
2.4
2.0
1.8
1.7
2.0
2.1
|
I
|
|
|
|
|
|
|
|
|
I
j
223.4
367.1
475.2
475.5
457.7
403.8
374.2
435.2
516.3
389.3
340.3
301.0
|
|
8.4
0.6
-8.8
4919.
449 5.
5899.
-0.2
—4.7
-13.3
102187.
96334.
104921.
|
|
|
8.6
5.8
5.1
1
|
|
2.3
2.0
2.8
|
|
|
248.9
360.2
406.3
t
-MAR...|
-APR...|
-MAY... I
—JUN... I
- J U L . . . |
—AUG...|
-SEP...I
-OCT...|
-NOV... I
-DEC . . . I
463.7
429.5
679.0
521.3
518.3
506.0
492.2
402.9
379.8
358.6
418.9
448.9
|
|
|
I
|
|
|
|
|
|
|
|
6.0
-7.4
5b.1
-23.2
-0.6
-2.4
-2.7
-16.2
-5.7
-5.6
16.8
7.2
1978—JAN...|
—FEB...j
-MAR . . . I
502.7
433.0
618.9
|
|
|
12.0
-13.9
42.9
OUTSTANDING
LOANS
AT
END O F
REPAYMENTS
|
|
|
|
|
|
|
|
|
|
|
|
0.6
-FEB...I
LOANS
OUTSTANDING*
PERCENTAGE
CHANGE
FROM L A S T
YEAR
OF
81586.
77645.
02736.
81166.
74546.
76265.
82357.
73457.
77572.
76534.
78511.
86699.
-3.0
11.8
24.8
1977-JAN...|
PERCENTAGE
-13.3
-12.6
11.2
-2.6
-8.3
0.9
—6 . 2
9.0
-3.0
-7.1
20.0
1 .0
4.8
-11.7
52.1
-17.3
-16.7
11.4
-9.4
-12.6
-MAY...I
YEAR
PERCENTAGI
CHANGE
FROM LAS1
YEAR
AS
SIZE
4816.
4467.
6377.
5377.
4879.
5175.
4457.
4366.
4167.
4098.
4465.
5047.
|
|
I
|
|
I
|
|
1
|
|
|
—JUN... I
- J U L . . . |
-AUG...I
—SEP•• • I
-OCT... I
-NOV . . . I
—DEC . . . 1
THOUSANDS
AVERAGE
- 1 . 3
-0.1
20.1
10.0
-4.1
8.7
10.9
11.2
4.1
-1.9
33.7
16.7
392.9
346.8
527.6
436.4
363.7
405.0
367.1
320.7
323.2
313.6
350.6
437.6
1976-JAN...I
-FEB...I
-MAR . . . I
-APR...|
•
NUMBER
|
|
I
|
|
|
|
|
I
j
I
PRECEDING
MONTH.
TABLE
222.3
FEDERAL LAND BANKS
LOANS C L O S E D
TWELVE-MONTH MOVING TOTAL
MILLIONS
OF
DOLLARS
1
|
|
P E R C E N T A G E CHANGE
FROM P R E V I O U S
MONTH
*
|
YEAR
1
i
i
PERCENTAGE!
CHANGE
|
THOUSANDS
FROM L A S T !
YEAR
|
AVERAGE
NUMBER
AMOUNT
DOLLARS
SIZE
I
I PERCENTAGE|
I
CHANGE
|
I FROM L A S T I
I
YEAR
|
AS
PERCENTAGE
LOANS
|
OUT|
STANDING*!
1
1976-JAN.••!
—FEB•••|
—MAR e • • 1
—APR. . . !
-MAY...I
—JUN... 1
-JUL...1
-AUG...I
—SEP * * . |
-OCT...I
-NOV . . . I
-DEC...I
4214.4
4214.2
4302.4
4342.1
4326.7
4359.2
4395.3
4427.6
4440.2
4434.2
4522.5
4585.3
|
|
|
1
|
I
|
|
|
I
|
|
-0.1
-0.0
2.1
0.9
-0.4
0.8
0.8
0.7
0.3
-0.1
2.0
1.4
I
|
1
|
|
|
|
I
|
I
|
I
1
5.2
2.8
2.6
2.2
1.5
1.4
3.3
5.0
5.2
5.0
8.2
8.7
57.8
57.2
57.8
57.7
57.2
57.3
57.0
57.3
57.2
56.9
57.6
57.7
-7.9
-9.8
-9.2
-9.1
-9.2
-8.8
-8.4
—5.3
-4.8
-4.5
—1.6
-1.5
|
1
1
1
|
|
|
|
|
1
1
|
j
728 66.
737 0 1 .
74412.
75288.
75600•
76105.
77136.
772 1 2 .
77608.
77932.
78459.
79480.
1
1
1
1
1
1
1
1
1
1
1
1
* 14.3
14.1
12.9
12.5
11.7
11.2
12.7
10.9
10.5
10.0
9.9
10.3
I
|
1
|
1
|
|
|
|
|
|
|
28.2
27.8
28.0
27.9
27.4
27.3
27.1
27.0
26.7
26.4
26.6
26.6
1977—JAN...I
-FEB...I
-MAR. . . |
-APR... |
-MAY . . . |
—JUN... I
-JUL...|
-AUG...1
—SEP...I
-OCT...!
-NOV...I
-DEC...1
4656.1
4738.7
4890.1
4975.0
5129.6
5230.6
5355.7
5437.9
5494.4
5539.4
5607.7
5619.1
|
|
|
|
|
|
|
I
|
|
I
|
1.5
1.8
3.2
1.7
3.1
2.0
2.4
1.5
1.0
0.8
1.2
0.2
10.5
12.4
13.7
14.6
18.6
20.0
21.9
22.8
23.7
24.9
24.0
22.5
57.8
58.1
58.5
58.7
59.7
60.4
60.7
61 .1
61 .4
61.7
62.1
62.0
-0.0
1.5
1.1
1.8
4.2
5.4
6.5
6.6
7.3
8.4
7.7
7.5
1
|
|
1
|
|
|
1
|
|
!
1
1
80548.
81622.
63619.
84707.
85983.
86669.
882 6 4 .
88970.
894 70.
89819.
90369.
90616.
1
1
1
1
1
1
1
1
1
1
1
1
10.5
10.7
12.4
12.5
13.7
13.9
14.4
15.2
15.3
15.3
15.2
14.0
|
|
|
|
I
|
|
|
I
|
I
|
26.7
26.9
27.4
27.5
28.0
28.2
28.6
28.6
28.6
28.5
28.4
28.2
1978-JAN...|
—FEB...|
-MAR...|
5658.0
5661.6
5601.5
1
|
I
0.7
0.1
-1.1
I
|
I
|
I
|
|
|
|
|
|
|
I
|
1
I
21.5
19.5
14.5
62.0
61.6
60.9
7.3
6.4
4.1
1
1
|
91260.
91648.
92020.
1
I
1
13.3
12.3
10.0
I
I
|
28.0
27.7
27.1
AVERAGE O U T S T A N D I N G
LOANS D U R I N G
THE P R E C E D I N G
12 MONTHS
(AVERAGE OF
END-OF-MONTH D A T A ) .
OF
REPAYMENTS
1
|
I
I
|
I
|
|
|
|
|
|
j
|
|
|
|
I
1
|
|
|
|
I
I
j
451.0
433.0
423.7
412.5
404.1
399.7
397.5
393.6
389.1
384.5
383.6
386.9
|
|
|
384.4
383.8
377.3
374.3
376.7
378.9
382.9
385.3
380.1
374.8
375.3
380.7
381.2
381.5
380.3
•
•
#
#
•
i
14
TABLE
2 2 3 . 1
FEDERAL LAND BANKS
NEW M O N E Y L O A N E D
P E R C E N T A G E CHANGE
FROM P R E V I O U S
MILLIONS
OF
DOLLARS
MONTH
1976—JAN..
3 2 5 . 0
-FEB..
-MAR.,
—APR • «
2 8 2 . 5
YEAR
4 . 2
- 1 3 . 1
5 6 . 0
4 4 0 . 7
3 4 7 . 3
PERCENTAGE
LOANS O U T STANDING*
-2.8
—1 . 8
2.0
19.9
2 . 7
1.7
2.1
-21.2
6.7
3
2
3
1
- 1 5 . 3
10.2
- 6 .5
5.9
—8 . 0
- 1 4 . 1
10.4
6 . 3
1.9
1 . 7
1 . 5
- S E P . .
2 5 5 . 4
- 0 . 3
2.7
2 4 7 . 6
2 7 8 . 7
3 4 5 . 5
- 3 . 0
- 6 .2
1.4
-OCT..
-NOV.,
-DEC.,
2 3 . 9
35.5
10.7
1 . 4
1 . 5
1.9
1977—JAN.,
3 7 6 . 1
3 4 6 . 2
5 5 1 . 9
8.9
15.7
—8.0
2.0
2 2 . 5
25.2
1 . 9
2 . 9
-MAY..
-JUN..
—JUL . ,
-AUG..
-FEB..
—MAR . ,
-APR.,
-MAY.,
*
|
AS
2
3
2
2
9
2
9
5
4
4
8
6
.
.
.
.
12.6
59.4
-26.8
-JUN..
4 0 3 . 9
4 0 5 . 0
3 9 8 . 7
—JUL..
-AUG.«
-SEP.<
3 8 2 . 1
3 0 9 . 8
2 8 9 . 3
- 4 . 2
- 1 8 . 9
—OCT . ,
-NOV..
-DEC.,
2 7 5 . 4
3 2 4 . 3
3 5 5 . 8
- 4 . 8
17.7
1978—JAN.,
-FEB.,
4 0 9 . 3
3 4 3 . 7
-16.0
-MAR..
4 9 0 . 7
4 2 . 8
OUTSTANDING
LOANS
AT
0 . 3
-1.6
—6 .6
9 . 7
1 5 . 0
END
OF
PRECEDING
1 . 7
16.3
3 7 . 6
23.0
2.1
2.1
2.0
13.3
1.9
1 . 5
1 . 4
16.3
3 . 0
1 . 3
1 .5
1 . 7
8.8
1.9
28.1
21.0
11.2
- 0 . 7
-11.1
MONTH.
1.6
2.2
OF
TABLE
223.3
F E D E R A L LAND BANKS
NEW MONEY L O A N E D
TWELVE-MONTH MOVING TOTAL
MILLIONS
OF
DOLLARS
1
I
1
P E R C E N T A G E CHANGE
FROM P R E V I O U S
MONTH
AS
PERCENTAGE
OF
LOANS
CLOSED
| L O A N S OUT—|
I STANDING*!
1976—JAN••• I
—FE B • • • I
—MAR•••i
—APR . . . |
-MAY...I
—JUN•..I
—JUL••.|
—AUG . . • 1
-SEP• • • 1
-OCT...1
—NOV... 1
-DEC...!
3468.2
3463.2
3536.2
3557.9
3537.3
3555.5
3583.6
3598.7
3605.4
3589.1
3662.1
3695.6
|
|
|
|
|
|
I
|
|
|
I
|
- 0 . 3
- 0 . 1
2.1
0.6
- 0 . 6
0.5
0.8
0.4
0.2
- 0 . 5
2.0
0.9
|
|
1
|
|
|
|
|
|
|
1
|
1
2.4
0.1
0.1
- 0 . 2
- 1 . 1
- 1 . 1
0.9
2.5
3.0
2.6
6.3
6.3
1
1
1
1
1
|
I
1
1
I
I
1
|
23.2
22.8
23.0
22.6
22.4
22.2
22.1
21.9
21.7
21.3
21.5
21.5
|
|
|
I
|
|
I
|
|
I
|
|
82.3
82.2
82.2
81.9
81.8
81.6
81.5
81.3
81.2
80.9
81.0
80.6
1977-JAN...1
3746.6
3810.3
3921.5
3978.0
4088.7
4163.2
4247.1
4300.8
4334.7
4362.5
4408.0
4418.3
|
I
|
|
|
|
1
|
|
|
|
|
1.4
1.7
2.9
1.4
2.8
1.8
2.0
1.3
0.8
0.6
1.0
0.2
|
1
|
|
1
I
|
|
I
|
|
|
I
8.0
10.0
10.9
11.8
15.6
17.1
18.5
19.5
20.2
21.5
20.4
19.6
I
I
1
1
1
I
1
1
I
I
I
1
21.5
21.6
22.0
22.0
22.3
22.5
22.6
22.6
22.5
22.4
22.4
22.1
|
1
|
|
1
|
I
|
1
|
|
80.5
80.4
80.2
80.0
79.7
79.6
79.3
79.1
78.9
78.8
78.6
78.6
4451.5
4449.1
4387.9
|
|
|
0.8
- 0 . 1
-1.4
|
|
|
18.8
16.8
11.9
I
I
1
22.0
21.8
21.2
-FEB...I
—MAR.•.1
-APR... I
—MAY . . . 1
-JUN...I
—JUL..•1
-AUG...I
- S E P . . . I
-OC T . . . I
-NOV...I
—DEC• • . 1
1978—JAN...|
—FEB . • . I
—MAR.•.I
*
YEAR
|
|
AVERAGE
OUTSTANDING
LOANS
DURING
THE
PRECEDING
12
|
I
|
I
|
|
MONTHS
78.7
78.6
78.3
(AVERAGE
OF
END-OF-MONTH
DATA).
TABLE
224.1
FEDERAL
REFINANCING
REFINANCING
MILLIONS
OF
DOLLARS
1
1
1
FEDERAL
P E R C E N T A G E CHANGE
FROM P R E V I O U S
MONTH
*
OF
YEAR
|
29.1
29.5
46.2
31.8
63.2
32.8
60.0
44.1
33.3
26.1
31.7
1.1
1
|
|
|
I
1
1
|
|
|
1
I
j
0.47
0.45
0.67
0.61
0.58
0.54
0.55
0.46
0.44
0.40
0.45
0.44
I
|
I
|
|
|
|
|
|
|
|
|
|
18.9
19.4
18.7
22.5
21.9
21.2
22.4
23.1
23.8
23.2
22.6
20.7
6.6
7.2
0.9
|
1
1
0.44
0.41
0.59
|
|
|
18.6
20.6
20.7
1977-JAN...1
- F E B . . . |
—MA R . . . |
—APR.. . |
-MAY...I
—JUN..el
-JUL..e|
—AUG... |
- S E P . . . i
-OCT...I
-NOV...I
-DEC•.. 1
87.6
83.3
127.1
117.4
113.3
107.3
110.1
93.1
90.5
83.2
94.6
93.1
|
|
I
1
|
1
I
1
|
|
|
|
- 4 . 9
- 4 . 9
52.6
- 7 . 6
- 3 . 5
- 5 . 3
2.6
- 1 5 . 4
- 2 . 8
- 8 . 0
13.7
- 1 . 5
|
|
I
|
|
I
I
|
t
I
I
|
|
1976—JAN...I
-FEB...I
—MAR...I
93.4
89.3
128.2
I
1
I
0.3
-4.4
43.6
|
1
I
"REFINANCING
"•REPAYMENTS"
OF F E D E R A L LAND
ARE C O M P U T E D A S
17.3
18.5
16.5
20.4
19.1
20.0
18.7
20.2
21.0
21.0
20.5
21.1
|
|
!
I
|
I
1
1
I
1
|
6.9
8.0
21.3
25.3
8.0
21.5
13.3
36.4
9.5
18.5
27.2
46.6
PRECEDING
LOANS
CLOSED
|LOANS O U T - |
I STANDING*!
0.53
0.53
0.41
0.47
0.40
0.37
0.38
0.37
0.40
0.50
|
I
I
I
1
|
|
1
1
1
1
1
|
OF
OF
1
1
1
I
I
1
I
I
1
I
j
8.0
- 5 . 2
35.2
2.5
- 2 2 . 1
16.5
- 1 4 . 9
- 6 . 1
5.0
-2.7
8.8
28.3
END
PERCENTAGE
|
|
|
I
|
1
|
I
|
I
|
I
|
1
AT
AS
REPAYMENTS
LOANS
0.42
0.40
67.9
64.3
86.9
89.1
69.4
80.8
68.8
64.6
67.9
66.0
71.8
92.1
LOANS
|
BANK
!
|
1976-JAN...|
—FEB..•I
•^MAR . . . 1
-APR...I
-MAY...I
-r J U N . . . 1
—JUL...|
—AUG...1
—SEP...1
-OCT...I
-NOV...!
—DEC...1
OUTSTANDING
LAND
LAND B A N K S
AND R E P A Y M E N T S
MILLIONS
OF
DOLLARS
MONTH
110.4
101.0
81.0
80.5
78.8
|
10.0
149.0
102.8
-31
7
-8
-19
-0
72.6
79.3
82.2
106.2
141.5
.
.
.
.
.
0
4
5
8
5
—2 . 2
-7.9
9.3
3.6
29.2
33.3
YEAR
10.6
60.6
61.9
58.3
28.6
32.9
23.7
36.4
25.4
17.2
32.2
4.5
|
|
|
|
|
|
|
|
|
|
|
|
j
0.93
0.64
|
I
I
|
|
|
|
|
|
I
|
I
1
1.12
0 . 6 3
0.76
0.57
0.58
0.63
0.65
0.45
0.36
0.44
0.58
0.70
|
I
|
0.94
0.55
0.70
207.6
117.0
142.9
109.6
113.3
125.3
131.5
92.6
73.5
92.1
123.1
149.1
46.7
—43 . 6
21.1
39.3
13.8
29.5
8.6
39.9
55.6
67.0
27.6
- 7 . 3
12.1
15.9
5.4
202.0
35.4
-40.5
26.7
- 2 . 7
2.7
6.6
120.2
152.3
22.1
—23 . 3
3.3
10.6
5.0
-29.6
-20.5
25.3
33.6
MONTH,
BANK L O A N S " I S C O M P U T E D A S L O A N S
NEW MONEY L O A N E D L E S S T H E C H A N G E
AS P E R CENTAGE OF
LOANS O U T STANDING*
P E R C E N T A G E CHANGE
FROM P R E V I O U S
C L O S E D L E S S NEW MONEY
I N LOANS O U T S T A N D I N G .
LOANED.
0.67
0.60
0.48
0.47
0.45
0.41
0.45
0.46
0.59
0.77
TABLE
224.3
F E D E R A L LAND BANKS
R E F I N A N C I N G AND R E P A Y M E N T S
T W E L V E - M O N T H MOVING T O T A L
REFINANCING
I
I
MILLIONS
OF
I
|
DOLLARS
1976-JAN...I
-FEB... I
—MAR...j
-APR...I
-MAY... I
-JUN... I
—JUL . . . I
—AUG . . . I
-SEP... I
—OC T . . • I
-NOV...I
—DEC . . . I
I
1977-JAN... I
-FEB...|
-MAR...I
—APR . . . I
—MAY . . . I
—JUN... I
—JU L . • . I
-AUG...I
-SEP...I
—OCI . . . I
-NOV... I
-OEC . . . I
YEAR
AS
17.3
16.0
15.2
2.3
0.7
14.5
1.8
14.3
15.0
17.3
15.8
1.0
2.1
0.7
1.2
16.8
1.8
16.9
19.9
3.4
2.2
1137
1159
1176.9
1199.7
1200.7
2.6
1206.5
1212.5
1213.6
0.5
0.5
21.9
23.6
26.4
27.1
31.9
32.8
36.6
37.2
38.9
39.3
39.4
35.0
2.1
4.3
2.9
4.4
2.5
3.9
1108.6
2.0
1.5
1.9
0.1
0.1
LOANS
DURING
THE
PERCENTAGE
PRECEDING
IANS
ISED
MILLIONS
OF
DOLLARS
P E R C E N T A G E CHANGE
FROM P R E V I O U S
MONTH
934.5
97 3 . 3
1015.5
1052.7
1070.7
1090.6
1105.7
1125.0
1141.1
1153.2
1179.0
1185.2
1.6
4.1
4.3
3.7
1.7
1.9
1.4
1.7
1.4
1.1
2.2
0.5
|
|
|
|
1
|
|
1
|
1
|
|
1
11.7
17.7
23.7
28.7
30.1
31.0
31.8
34.3
33.0
33.7
34.5
28.8
6.3
6.4
6.6
6.8
6.8
6.8
6.8
6.9
6.9
6.9
6.9
6.9
5.2
5.3
5.4
5.5
5.7
5.8
5 .9
19.5
19.6
19.8
20.0
20.3
20.4
20.7
20.9
21.1
21.2
21.4
21.4
1243.8
1258.0
1290.5
1299.2
1331.4
1376.2
1429.0
1449.0
1443.2
1453.1
1470.1
1477.7
4.9
1.1
2.6
0.7
2.5
3.4
3.8
1.4
-0.4
0.7
1.2
0.5
|
1
|
|
|
|
1
|
|
|
|
1
j
33.1
29.3
27.1
23.4
24.4
26.2
29.2
28.8
26.5
26.0
24.7
24.7
7.1
7.1
7.2
7.2
7.3
7.4
7.6
7.6
7.5
7.5
7.5
7.4
21.3
21.4
21.7
1472.0
1475.3
1484.7
-0.4
0.2
0.6
I
|
|
18.4
17.3
15.0
7.3
7.2
7.2
ENO-OF-MONTH
DATA).
6.1
6.0
6.0
5 .9
5.9
MONTHS
(AVERAGE
OF
- R E F I N A N C I N G OF F E D E R A L LAND BANK L O A N S - I S C O M P U T E D AS L O A N S C L O S E D L E S S NEW MONEY
- R E P A Y M E N T S * A R E C O M P U T E D A S NEW MONEY L O A N E D L E S S THE CHANGE I N L O A N S O U T S T A N D I N G .
YEAR
I
AS P E R CENTAGE OF
LOANS O U T STANDING*
17.7
17.8
17.8
18.1
18.2
18.4
18.5
18.7
18.8
19.1
19.0
19.4
6.0
6.0
12
OF
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.1
5.0
5.0
5.1
5.2
6.0
32.7
30.6
25.3
REPAYMENTS
LOANS
LOANS O U T STANDING*
21.0
0.6
2.0
909.5
928.5
968.6
997.0
1040.9
1067.3
AVfcRAGE O U T S T A N D I N G
I
0.6
746.2
751.0
766.3
784.2
789.3
803.6
811.7
828.9
834.8
845.1
860.5
889.7
I
1978-JAN...I
-FEB... I
—MAR . . . I
F E D E R A L L A N D BANK
P E R C E N T A G E CHANGE
FROM P R E V I O U S
MONTH
I
*
OF
LOANED.
17
@FedFRASER