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E. 15 (125)

April 1981

Emanuel Melichar
Paul T. Balides




AGRICULTURAL
FINANCE
DATABOOK
Quarterly Series

Division of Research and Statistics
Board of Governors of the Federal Reserve System
Washington, D.C. 20551

AGRICULTURAL FINANCE DATABOOK— QUARTERLY SERIES

SECTION

APRIL 1981

PAGE

100

Outstanding farm debt.....

200

Farm lending operations and experience of nonbank institutions... 8

300

Agricultural banking data.........................................34

900

Farm income and expenses............................

.......................................

3

58

This publication, Agricultural Finance Databook— Quarterly Series, is
now designated as Statistical Release E. 15 (125) of the Board of Governors
of the Federal Reserve System, with distribution handled by the Board’s
Publications Services section. Quarterly issues will be dated January,
April, July, and October, and issued toward the end of the following month.
If you have received a copy with your name and address printed on the back
cover, you are on the new mailing list that has been established. To stay
on the list, you must in the future respond to the renewal inquiries that
you will receive annually.
Change-of-address notices and requests for
additional copies should be addressed to Publications Services, Federal
Reserve Board, Washington, D.C. 20551.
We will continue to maintain a separate list of persons interested in
receiving the Agricultural Finance Databook— Annual Series (last issue was
dated November 1979; next issue is planned for the fall of 1981) and our
occasional research papers in agricultural finance.
In addition, limited
distribution of the Agricultural Finance Databook— Monthly Series will be
continued.
Correspondence regarding these items should be addressed to
Emanuel Melichar, B-3252, Federal Reserve Board, Washington, D.C. 20551.
(Note that the terms ’’annual,” ’’quarterly,” and ’’monthly” refer to the
periodicity of the data series in each Databook, rather than to the publi­
cation schedule— except that the Quarterly Series Databook will now be
issued quarterly as noted above.)
With this issue, Section 330, which presents data from the Federal
Reserve System’s quarterly survey of terms of bank lending to farmers, has
been expanded to include new tables showing average interest rates (331),
percentage of loans with a floating interest rate (333), average maturity
of loans at large banks and at other banks (334.2 and 334.3), and average
size of loans (335.3). Analytical and media attention has recently been
focused on floating rates and shorter maturities as two of the ways in
which some rural banks have changed their farm lending practices in response
to increased volatility in their cost of loanable funds. The survey results
provide reliable data on the extent to which these terms of farm loans have
changed at banks nationally since 1977.




AGRICULTURAL FINANCE DATABOOK— QUARTERLY SERIES

100

APRIL 1981

OUTSTANDING FARM DEBT

111 TOTAL DEBT
111-1Q
111.2Q
111.3Q
111-4Q
111.5Q
111.6Q

AMOUNT..................................................
4
CHANGE FROM PREVIOUS QUARTER..................................... 4
PERCENTAGE CHANGE FROM PREVIOUS QUARTER....................
4
CHANGE FROM PREVIOUS YEAR..... ..............
5
PERCENTAGE CHANGE FROM PREVIOUS YEAR..................
5
PERCENTAGE DISTRIBUTION.......................................... 5

112 REAL ESTATE AND NON-REAL-ESTATE DEBT TO REPORTING LENDING INSTITUTIONS
112. 1Q
112.2Q
112. 3Q
112.4Q
112. 5Q
112.6Q

SOURCES:

AMOUNT.......................................................... 6
CHANGE FROM PREVIOUS QUARTER...................
6
PERCENTAGE CHANGE FROM PREVIOUS QUARTER.......................... 6
CHANGE FROM PREVIOUS YEAR............................
7
PERCENTAGE CHANGE FROM PREVIOUS YEAR..........
7
PERCENTAGE DISTRIBUTION......................................... 7

QUARTERLY REPORTS OF CONDITION, ALL INSURED COMMERCIAL BANKS;
"PRODUCTION CREDIT ASSOCIATIONS— SELECTED MONTHLY LOAN DATA,"
SUPERVISORY DIVISION, FARM CREDIT ADMINISTRATION;
"FEDERAL LAND BANKS— SUMMARY OF SELECTED MONTHLY LOAN DATA,"
TECHNICAL SERVICES DIVISION, FARM CREDIT ADMINISTRATION;
"FARM CREDIT SYSTEM LOAN OPERATIONS," BANK SERVICES DIVISION,
FARM CREDIT ADMINISTRATION;
"GROSS FLOW OF MORTGAGE LOANS IN THE UNITED STATES," AMERICAN
COUNCIL OF LIFE INSURANCE;
FINANCE OFFICE, FARMERS HOME ADMINISTRATION, U.S.DEPARTMENT OF
AGRICULTURE;
ECONOMICS AND STATISTICS SERVICE, U. S. DEPARTMENT OF AGf.ICULTURJS.




A

TABLE 111Q
FARE DEBT OUTSTANDING

END OF
QUARTER

1
1
1
|
1

1
1
1
1975-Q4. .. |
I
1976-Q1... I
-Q2... I
-Q3. . I
-Q4... |
1
1977-Q1.. 1
-Q2. . 1
-Q3... |
-Q4... |
I
1978-Q1... j
-Q2. . I
-Q3... I
-Q4... |
I
1979-Q1.. I
-Q2... I
I
-Q3. .
-Q4... |
1
1980-Q1... 1
-Q2- . j
-Q3. . 1
-Q4... |
1
1981-Q1.. |
1
1
1
1
1
1976-Q1... |
-Q2... 1
-Q3... |
-Q4...,|

TOTAL DEBT
TOTAL

REAL
ESTATE

1
1
1
NON-REAL-|
ESTATE J

1
|

j
2

i
i
i
]
i
i
i
1979-Q1.. i
-Q2. .
-Q3. . j
-Q4- • j
i
1980-Q1.. i
-Q2.. i
-Q3. . i
-Q4 -. i
i
1981-Q1.. i

1978-Q1..
-Q2. .
-Q3-.
-Q4..

REAL
ESTATE
111.1

TOTAL

INSURED COOPERATIVE LIFE
COMMERCIAL
FARH
INSURANCE
BANKS
CREDIT
COHPANIES

FARMERS COMMODITY
CREDIT
HONE
ADNINIS- CORPOR-

sism___________ NATION___ hllQJL

AMOUNTS IN 1MILLIONS OF DOLLARS

1
6350. |
V
*************************** 1
*************************** 1
*************************** j
27566.
20266.
7300. |
***************************
***************************
***************************
30079.
21669.
8410.

26353.

27107.

6726.

5249.

358.

67250.
71116.
73297.
75179.

26544.
28492.
29386.
29918.

28167.
2978330702.
31091.

6789.
6980.
7159.
7400.

5345.
5679.
5836.
5758.

406.
183.
215.
1012.

77630.
83388.
86947.
89017.

30644.
32964.
33877.
33434.

32268.
34334.
35353.
35290.

7615.
8116.
8452.
8819.

5893.
6539.
6832.
6984.

1211.
1436.
2433.
4489.

*************************** i * * * * * * * * * * * * * * * * * * * * * * * * * * * | 91251.
*************************** i *************************** j 96381.
***************************
*************************** 2 100107.
23058.
10420. | 102836.
136315.
71206.
65108. i 33478.
i
*************************** i *************************** | 106182.
*************************** i *************************** | 113805.
*************************** i * * * * * * * * * * * * * * * * * * * * * * * * * * * | 117191.
25137.
11720. | 120592.
157449.
82516.
74933. i 36857.
i
*************************** i *************************** { 125420.
*************************** i *************************** | 130796.
*************************** i *************************** j 131845.
29030.
14000. | 133853.
176883.
94954.
81929. i 43030.
i
*************************** i *************************** | 139532.
i
_____ 1

33322.
35182.
36472.
36647.

35978.
37894.
39394,.
40080.

9183.
9691.
10095.
10478.

8052.
9609.
10435.
10388.

4716.
4006.
3711.
5243.

36600.
38397.
39508.
39558.

41650.
44539.
46505.
48436.

10907.
11461.
11842.
12165.

11385.
14416.
15798.
15932.

5639.
4993.
3538.
4500.

38999.
39491.
40084.
40089.

51284.
54631.
55537.
56479.

12394.
12664.
12712.
12828.

17737.
19461.
20009.
20090.

5006.
4549.
3503.
4367.

39793.

59500,.

12928.

22101.

5211.

90871.

51034.

39837. !
i
*************************** i
*************************** i
*************************** i
102745.
56589.
46155. i
i
*************************** i
*************************** i
*************************** i
119096.
63670.
55426. i

25078.

111.2

18728.

j
j
|
|

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

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

*************************** J

111.3
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
j

i
i

*************************
i
j__
_ _




65793.

CHANGE FROM PREVIOUS QUARTER, MILLIONS OF DOLLARS

i
1
*************************** i *************************** |
***************************
*************************** j
*************************** i *************************** j
*************************** i *************************** |
i
i
*************************** i *************************** |
*************************** i *************************** 2
*************************** j
***************************
*************************** i *************************** 2
i
*************************** i *************************** |
*************************** |
***************************
*************************** j *************************** i
*************************** i * * * * * * * * * * * * * * * * * * * * * * * * * * * |
i
***************************
*************************** i *************************** i
*************************** i *************************** j
*************************** i *************************** j
i
***************************
*************************** j
*************************** i *************************** |
*************************** i *************************** i
*************************** i *************************** j
i
*************************** i *************************** j
i
i

1977-Q1... |
-Q2...,|
-Q3--.,|
-Q4... |
1
1978-Q1...,|
-Q2...,|
-Q3...,]
-Q4...,|
1
1979-Q1...,|
-Q2-..,|
-Q3...,|
-Q4.,.,|
i
1
1980-Q1...,|
,
j
-Q2...
-Q3...,j
-Q4...,|
i
1
1981-Q1...,|
1
1
1
1 ___
_
____
1
1976-Q1.. | *************************
-Q2- . I *************************
-Q3. . | *************************
-Q4.. ] * * * * * * * * * * * * * * * * * * * * * * * * *
1977-Q1-.
-Q2. -Q3..
-Q4. .

TOTAL

|
I
1
NON-REAL-|
ESTATE |

REPORTING LENDING INSTITUTIONS

INDIVIDUALS AND OTHERS

1458.
3866.
2181.
1881.

191.
1948.
894.
532.

1060.
1616.
919.
389.

63.
191.
179.
242.

96.
334157.
-78.

48.
-223.
32.
797.

2452.
5758.
3559.
2070.

726.
2320.
913.
-443.

1177.
2066.
1019.
-63.

215.
501.
336.
367.

135.
646.
293.
152.

199.
224.
998.
2056.

2234.
5130.
3726.
2730.

-112.
1860.
1290.
175.

688.
1916.
1500.
687.

364.
507.
404.
383.

1068.
1557.
826.
-47.

227.
-710.
-295.
1532.

3345.
7623.
3386.
3401.

-47.
1797.
1111.
50.

15692889.
1966.
1931.

429.
553.
382.
323.

997.
3031.
1382.
134.

397.
-646.
-1455.
963.

4828.
5377.
1049.
2008.

-559.
492.
59 3.
5.

2847.
3348.
906.
942.

229.
270.
48.
115.

1805.
1724.
548.
SI-

505.
-457.
-1046.
864.

5679.

-296.

3020.

100.

2011.

844.

PERCENTAGE CHANGE FROM PREVIOUS QUARTER

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

|
|
j

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

J

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

|
J

|
|

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

j

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

|

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

|

2.2
5.7
3.1
2.6

0.7
7.3
3. 1
1.8

3.9
5.7
3.1
1.3

0.9
2.8
2.6
3.4

1- 8
6.2
2.8
-1.3

13.3
-54.9
17.7
370.2

3.3
7.4
4.3
2.4

2.4
7.6
2.8
-1.3

3.8
6.4
3.0
-0.2

2.9
6.6
4.1
4.3

2.3
11.0
4.5
2.2

19.7
18.5
69.5
84.5

-0.3
5.6
3.7
0.5

1-9
5.3
4.0
1.7

4.1
5.5
4.2
3.8

15.3
19.3
8.6
-0.4

5.0
-15. 1
-7.4
41.3

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

|

2.5
5.6
3.9
2.7

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

|
|
|
|

3.3
7.2
3.0
2.9

-0. 1
4.9
2.9
0.1

3.9
6.9
4.4
4.2

4.1
5.1
3.3
2.7

9.6
26.6
9.6
0.8

7.6
-11.5
-29. 1
27.2

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

|
|

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

|
|

4.0
4.3
0.8
1.5

-1.4
1.3
1.5
0.0

5.9
6.5
1.7
1.7

1.9
2.2
0.4
0.9

11.3
9.7
2.8
0.4

11.2
-9. 1
-23.0
24.7

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

|

4.2

-0.7

5.3

0.8

10.0

19.3

TABLE 11 IQ (CONTINUED)
FARM DEBT OOTSTANDING

|
1
END OF
QUARTER

TOTAL DEBT

1

INDIVIDUALS AND OTHERS

|
|

TOTAL

REAL
ESTATE

I_

1
NON-REAL-| TOTAL
ESTATE |
__ _ 1 _
111-4

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

1976-Q1...|
-Q2...I
-Q3-- I
-Q4. -. I

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

11874.

5555.

6318.

1977-Q1...| ***************************
-Q2-- l ***************************
-Q3...| ***************************
-Q4-- |
16351.
7080.
9271.
1978-Q1...|
-Q2...|
-Q3... |
-Q4. .. |
I
1979-Q1...|
-Q2 ------- |
-Q3...I
-Q4...|
I
1980-Q1.. . |
-Q2. . . |
-Q3...I
-Q4... |
1981-Q1..

REPORTING LENDING INSTITUTIONS
_ _ _ _ _ ___________ ---f a r m I rs
NON-REAL-| TOTAL COMMERCIAL
FARM
INSURANCE
HOME
BANKS
CREDIT
COMPANIES ADMINISESTATE |
____________________ SYSTEM______________ TRATION

1

1

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

17219.

7537.

9682.

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

21134.

11309.

|1 * * * * * * * * * * * * * * * * * * * * * * * * * * *
|| * * * * * * * * * * * * * * * * * * * * * * * * * * *
||

I

j
|
i|

9825.

|
j1
j1
{1

- |

19434.

12438.

I

6996.

|I

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

jI

I

3399.

1389.

*************************
*************************
*************************
13.1
10.9
15.9

1977-Q1...|
-Q2-- |
-Q3...1
-Q4-.. 1

*************************
*************************
*************************
15.9
12.5
20.1

1978-Q1...|
-Q2...I
-Q3... |
-Q4...i

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

1979-Q1...|
-Q2,...|
-Q3 ----- l
—Q4... |

*************************
*************************
14.5
11.8
17.5
*************************
*************************
*************************

15.5

15.9

15.1

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

1980-Q1... |
“ Q2----- |
-Q3...I
-Q4...J

*************************
12.3
15.1
9.3

1981-Q1... |

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

I
I
I
I
1
1
i
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

1
1
i

1

|
|
|
|

1300.

|
1
|
|
|

6173.

2079-

3893.

1976-

100.0

Q1...|

- q 2.. . |

56.2

43.8

2280.

|

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

j

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

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

-Q3...|
-Q4...|

*************************
100.0
52.4
47.6

1980-

Q1...|

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

-Q3„..(
-Q4...|

*************************
100.0
53-7
46.3

1981-

Q1...1




866.
543.
491.
509.

-15.
*******
654.

9386.

3565.

10380.
12272.
13650.
13838.

4100.
4472.
4491.
3516.

4101.
4551.
4651.
4200.

826.
1136.
1294.
1419.

548.
860.
996.
1226.

806.
1253.
2218.
3477.

13620.
12993.
13160.
13820.

2678.
2218.
2595.
3213.

3710.
3560.
4041.
4790.

1568.
1575.
1643.
1659.

2159.
3070.
3603.
3404.

3504.
2570.
1278.
754.

14931.
17424.
17084.
17755.

3278.
3215.
3036.
2911.

56726645.
71118356.

1724.
1770.
1747.
1687.

3333.
4807.
5363.
5544.

924.
987.
-173.
-742.

19238.
16991.
14654.
13261.

2399.
1094.
576.
531-

9634.
10093.
9032.
8043.

1487.
1203.
870.
663.

6352.
5045.
4211.
4158.

-633.
-444.
-35.
-133.

14113.

794.

8216.

533.

4364.

205.

I

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

j
j
|
|
|
|

******
13.3
******
13.5

14.8
14.6
15-4
14.7

6.1
6.6
8.4
10.0

19. 3
10.6
9. 2
9.7

******
-7.5
******
182.8

15.4
17.3
18.6
18.4

15.4
15.7
15.3
11.8

14.6
15.3
15.2
13.5

12.2
16.3
18. 1
19.2

10.3
15. 1
17. 1
21.3

198.7
684.9
1030.6
343.7

|
|

17.5
15.6
15.1
15.5

8.7
6.7
7.7
9.6

11.5
10.4
11.4
13.6

20.6
19.4
19.4
18-8

36. 6
46. 9
52. ?
48- 7

289.4
179.0
52.5
16.8

16.4
18. 1
17. 1
17.3

9.8
9. 1

12.5

|
|
|
|

15.8
17.5
18. 1
20. 8

18.8
18.3
17.3
16.1

41.4
50. 0
51.4
53.4

19.6
24.6
-4.7
-14.2

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

|
|

*************************
16.7
15.5
19.5

j
|

18. 1
14.9
12.5
11.0

6.6
2.8
1. 5
1 .3

23. 1
22.7
19. 4
16.6

13.6
10.5
7.3
5.4

55.8
35.0
26.7
26. 1

-11.2
-8.9
-1.0
-3.0

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

|

11.3

2.0

16.0

4.3

24. 6

4. 1

29.0

29.8

7.4

5. 8

0.4

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

9.1

6.9

15.2

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

11-3

6.4

23.9

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

10.1

9.0

27.6

20 .6

7.0

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

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

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

23.4

16.0

7.4

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

24.3

16.4

8.3
7.9

PERCENTAGE OF TOTAL

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

-Q2...|

*******

391.
435.
555.
674.

3624.
3785.
4089.
3984.

3348.
*******

| ******
|
12.8
| ******
|
14.3

-Q3...| *************************
*************************
-Q4...| 100.0
53.5
46.5
25.3
18.2
7.1
I
*************************
1978Q1...|
*************************
*************************
-Q2...| *************************
*************************
-Q3...| *************************
-Q4__ | 100.0
52.2
47.8
24.6
16.9
7.6
I
1979Q1...|
*************************
*************************
- q 2...|

*******

8096.
*******

*************************
*************************
*************************
9.9
8.2
15.0

*************************
-Q3...| *************************
-Q4...| 100.0
55.1
44.9
26.8
19.7
7.1
I
*************************
1977Q1...|
*************************
-Q2...|

CREDIT
CORPOFATION__

PERCENTAGE CHANGE FROM PREVIOUS YEAR

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

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

*******

I

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

111.6
1975-Q4. ..|

|

2010.

111.5
1976-Q1...|
-Q2...|
-Q3...J
-Q4...(

|

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

3379.

cohmodity-

CHANGE FROM PREVIOUS YEAR, MILLIONS OF DOLLARS

|I * * * * * * * * * * * * * * * * * * * * * * * * * * * |
j| * * * * * * * * * * * * * * * * * * * * * * * * * * * j
|| * * * * * * * * * * * * * * * * * * * * * * * * * * * |
||
2488.
1538.
950. |
I
I
|
I *************************** j
j| *************************** |
I
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
|
|
|
2513.
1403.
1110. |
I
1
(
|
|1 * * * * * * * * * * * * * * * * * * * * * * * * * * *

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

REAL
ESTATE

J

7.9

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

72-4

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

73.2

29. 1

30.3

7.2

5.6

1.0

*******************************************************
*******************************************************
*******************************************************
74.7
28. 1
29.6
7.4
5. 9
3.8
*******************************************************
*****v*************************************************
*******************************************************
75.4
26.9
29.4
7.7
7.6
3.8
*******************************************************
*******************************************************
*******************************************************

76.6

25- 1

30.8

7.7

10. 1

2.9

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

75.7

22.7

31.9

7.3

11.4

2.5

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

TABLE 1 12Q
FARM IEBT OUISTAN DING AT REPOF.IING LENDING INSTITUTIONS

END OF
QUARTER

1
1
|
1
1

TOTAL

1
1
1
|
1

REAL ESTATE ~FBT
TOTAL

INSURED
COMMERCIAL
BANKS

TEDERAL
LAND
BANKS

LIRE
INSURANCE
COMPANIES
112.1

NON-REAL-ESTATE DEBT
1
_l
INSURED PRODUCTION
FEDERAL FARMERS COMMODITY
FARMERS I
COMMERCIAL CREDIT
INTERMEDI­ HOME
CREDIT
HOME
| TOTAL
ADMINIS-1
BANKS
ASSOCIA- ATE CREDIT ADMIN IS- CORPORSRATION.l______________________lions_______ £ANK3__IBiiiOI_____ATiOfl,

AMOUNTS IN MILLIONS OF DOLLARS

1975-Q4...

I
65793. I

32306.

6224.

16014.

6726.

3342.

33487.

20129.

10742.

352.

1907.

358.

1976-Q1...
-Q2...
-Q3...
-Q4...

67250.
71116.
73297.
75179.

I
I
I
I

33059.
34254.
35286.
36323.

6111.
6343.
6504.
6712.

16700.
17403.
1798218524.

6789.
6980.
7159.
7400.

3459.
3528.
3641.
3687.

34191.
36862.
38011.
38855.

20433.
22149.
22882.
23206.

11117.
12006.
12321.
12196.

350.
374.
398.
370.

1886.
2151.
2195.
2071.

406.
183.
215.
1012.

1977-Q1...
-Q2...
-Q3...
-Q4...

77631.
83388.
86947.
89017.

37688.
39501.
40870.
42001.

6977.
7342.
7607.
7730.

19331.
20190.
20874.
21466.

7615.
8116.
8452.
8819.

3765.
3853.
3937.
3985.

39943.
43887.
46077.
47016.

23667.
25622.
26270.
25704.

12583.
13749.
14069.
13454.

354.
395.
410.
370.

2128.
26862895.
2999.

1211.
1436.
2433.
4489.

197B-Q1...
~ Q 2 ...

I
I
I
I
I
I
I
I
1

43428.
45274.
46924.
48148.

7902.
8189.
8410.
8467.

22234.
23131.
23939.
24668.

9183.
9691.
10095.
10478.

4109.
4264.
4472.
4535.

47822.
51107.
53183.
54688.

25420.
26993.
28054.
28180.

13427.
14312.
14955.
14901.

317.
451.
500.
511.

3943.
5345.
5963.
5853.

4716.
4006.
3711.
5243.

1 50574.
1 53458.
1 55708.
1 57379.
1
1 60161.
1 62833.
1 64407.
1 65924.

8504.
8628.
8695.
8554.

25851.
27261.
28430.
29725.

10907.
11461.
11842.
12165.

5312.
6108.
6740.
6934.

55607.
60347.
61484.
63213.

28096.
29769.
30813.
31004.

15381.
16688.
17452.
18045.

41 8.
589.
623.
666.

6073.
8308.
9058.
8998.

5639.
4993.
3538.
4500.

8518.
84368488.
8545.

316033368134852.
36032.

12394.
12664.
12712.
12828.

7645.
8052.
8355.
8519.

65259.
67963.
67438.
67929.

30481.
31055.
31596.
31544.

18953.
20195.
19911.
19636.

727.
755.
774.
811.

10092.
11409.
11655.
11571.

5006.
4549.
3503.
4367.

8482.

38030-

12928.

8629.

71464.

31311.

20612-

858-

134 72.

5211.

-Q4...

91251.
96381.
100107.
102837.

1979-Q1...
-Q2...
-Q3...
-Q4...

106182.
113805.
117191.
120592.

1980-Q1...
-Q2...
-Q3. .- Q4 .. .

125420.
130796.
131845.
133853.

1981-Q1...

139532. 1
|

68068.

CHANGE FROM PREVIOUS QUARTER, MILLIONS OF DOLLARS

112.2
1976-Q1 ..-Q2. ..
-Q3...
-Q4...

1458.
3866.
2181.
1881.

1977-Q1...
'-Q2...
-Q3...
-Q4...

2452.
5758.
3559.
2070.

1978-Q1...
-Q2...
-Q3...
-Q4...

2234.
5130.
3726.
2730.

1979-Q1...
-Q2...
-Q3. .-Q4...

3345.
7623.
3386.
3401.

1980-Q1...
-Q2. ..
-Q3.
-Q4. ..

4828.
5377.
1049.
2008.

1981-Q1...

5679-

1
1
1
1
I
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

753.
1195.
1032.
1038.

-113.
232.
161.
208.

686.
703.
579.
542.

63.
191.
179.
242.

117.
69.
113.
46.

704.
2671.
1149844.

304.
1716.
733.
324.

376.
888.
316.
-125.

-2.
24.
24.
-28.

-21.
265.
44.
-124.

48.
-223.
32.
797.

1364.
1813.
1369.
1131.

265.
365.
265123.

807.
859.
684.
593-

215.
501.
336.
367.

78.
88.
84.
48.

1088.
3944.
2190.
939.

461.
1955.
648.
-566.

387.
1166.
320.
-615.

-16.
41.
15-4 0.

57.
558.
209.
104.

199.
224.
998.
2056.

1427.
1846.
1649.
1225.

172.
287.
229.
49.

768.
897.
808.
729.

364.
507.
404.
383.

124155.
20863.

806.
3284.
2077.
1505.

-284.
1573.
1061126.

-27.
885.
643.
-53.

-53.
134.
50.
10.

944.
1402.
618.
-110.

227.
-710.
-295.
1532.

2426.
2884.
2250.
1671.

37.
124.
67.
-141.

1183.
14101169.
1295.

429.
553.
382.
323.

777.
796.
632.
194.

919.
4740.
1137.
1730.

-84.
1673.
1044.
191.

480.
1307.
764.
592.

-93.
172.
33.
44.

220.
2234,.
750.
-60.

397.
-646.
-1455.
963.

2782.
2673.
1574.
1517.

-36.
-82.
52.
57.

1878.
2078.
1171.
1180-

229.
270.
48.
115.

711.
407.
303.
164.

2046.
2704.
-525.
491.

-523.
574.
541.
-52.

908.
1242.
-284.
-275.

61.
28.
19.
37.

1094.
1317.
246.
-84.

505.
-457.
-1046.
8C4.

2144.

-63.

1998.

100.

110.

3535..

-233.

976.

4 7.

1901.

844.

112.3
1976-Q1...
-Q2...
-Q3...
-Q4...

2-2
5.7
3.1
2.6

1977-Q1...
-Q2...
-Q3...
-Q4...

3.3
7.4
4.3
2.4

1978-Q1...
-Q2...
-Q3...
-Q4.„.

2.5
5.6
3.9
2.7

1979-Q1.. .
-Q2...
-Q3...
-Q4...

3.3
7.2
3.0
2.9

1980-Q1...
-Q2...
-Q3...
-Q4...

4.0
4.3
0.8
1.5

1981-Q1__

4-2

1
1
1
1
1
I
1
1
1
1
1

PERCENTAGE CHANGE FROM PREVIOUS QUARTER

2.3
3.6
3.0
2.9

-1.8
3.8
2.5
3.2

4.3
4.2
3.3
3.0

0.9
2.8
2.6
3.4

3.5
2.0
3.2
1.3

I
|
1
I

2.1
7.8
3-1
2.2

1.5
8.4
3.3
1.4

3.5
8.0
2.6
-1.0

-0.6
6.9
6.5
-7.0

-1.1
14. 1
2.0
-5.6

13. 3
-54.9
17.7
370. 2

3.8
4.8
3.5
2.8

3.9
5.2
3.6
1.6

4.4
4.4
3.4
2.8

2.9
6.6
4.1
4. 3

2.1
2.3
2.2
1.2

I
|
I
I

2.8
9.9
5.0
2.0

2.0
8.3
2.5
-2.2

3.2
9.3
2-3
-4.4

-4.4
11.6
3.9
-9.8

2.8
26.2
7.8
3.6

19.7
18.5
69.5
84.5

1
1
1
1
1
1
1
1
1
1

3.4
4.3
3.6
2.6

2.2
3.6
2.8
0.6

3.6
4.0
3.5
3.0

4.1
5.5
4.2
3.8

3.1
3.8
4-9
1.4

1
I
I
I

1-7
6.9
4.1
2.8

-1. 1
6.2
3.9
0.4

-0.2
6.6
4.5
-0.4

-14.2
42. 2
11.0
2. 1

31.5
35.6
11.6
-1.8

5.0
-15. 1
-7.4
41.3

5.0
5.7
4.2
3.0

0. 4
1.5
0.8
-1.6

4.8
5.5
4.3
4.6

4. 1
5. 1
3.3
2.7

17.1
15.0
10.3
2.9

I
|
1
|

1-7
8.5
1.9
2.8

-0.3
6.0
3.5
0.6

3.2
8.5
4-6
3.4

-18.2
41. 1
5.7
7.0

3.8
36.8
9.0
-0.7

7.6
-11.5
-29. 1
27.2

1

4.8
4.4
2.5
2.4

-0.4
-1.0
0.6
0.7

6.3
6.6
3.5
3.4

1.9
2.2
0. 4
0.9

10.3
5.3
3.8
2.0

I
I
|
I

3.2
4-1
-0.8
0.7

-1.7
1.9
1.7
-0.2

5.0
6.6
-1.4
-1.4

9.2
3. 8
2.5
4. 8

12.2
13.0
2.2

11.2
-9.1
-23.0
24.7

3.3

-0.7

5. 5

0. 8

1.3

l

5.2

-0.7

5.0

5. 8

16.4

1
1




1

1
1
1
1
1

o

- Q 3 ...

19.3

TABLE 112Q

(CONTINUED)
FARM DEBT OUTSTANDING AT REPORTING LENDING INSTITUTION?

I
I
END OF
| TOTAL
QUARTER
|
1
i
1
1
1.
1
1976-Q1...| * * * * * * *
8096.
~Q2-- I
-Q3-..| * * * * * * *
9386.
-Q4.--1

I
I
l
I
I
1

REAL ESTATE DEBT
TOTAL

INSURED
COMMERCIAL
BANKS

FEDERAL
LAND
BANKS
112.4

| *******
|
3319.
| *******
|
4018.

LIFE
INSURANCE
COMPANIES

I
i
FARMERS |
HOME
|
ADMINIS— |
IPATION i

NON-REAL-ESTATE DEBT
TOTAL

FEDERAL FARMERS COMMODITY
INSURED PRODUCTION
CREDIT
COMMERCIAL CREDIT
INTERMEDI­ HOME
BANKS
ASSOCIA­ ATE CREDIT ADMINIS­ CORPOR­
ATION
TRATION.
BANKS
TIONS

CHANGE FROM PREVIOUS YEAR, MILLIONS OF DOLLARS

*******
253.
*******
488.

2521.
2465.
2464.
2510.

391.
435.
555.
674.

172.
166.
240.
345.

| *******
|
4777.
| *******
5368.
|

*******
3095.
*******
3077.

1106.
1303.
1584.
1455.

-3.
17.
41.
18.

694.
377.
251.
164.

*******
-15.
*******
654.

1977-Q1...{
-Q2...|
-Q3-- |
-Q4...|

10380. |
12272. i
13650. |
13838. |

4629.
5247.
5584.
5677.

866.
999.
1103.
1018.

2631.
2787.
2891.
2942.

826.
1136.
1294.
1419.

306.
325.
296.
298.

|
|
|
|

5752.
7025.
8066.
8161.

3234.
3473.
3388.
2498.

1466.
1743.
1748.
1258.

4.
21.
12.
-0.

242.
535.
700.
928.

806.
1253.
2218.
3477.

1978-Q1...|
— Q2-- 1
-Q3-- |
-Q4.^.|

13620.
12993.
13160.
13820.

|
|
|
|

5741.
5773.
6054.
6148.

925.
847.
811.
737.

2903.
2940.
3065.
3202.

1568.
1575.
1643.
1659.

344.
411.
535.
550.

|
|
|
|

7880.
7219.
7106.
7672.

1753.
1371.
1784.
2476.

844.
563.
885.
1447.

-37.
56.
91.
141.

1815.
2659.
3068.
2854..

3504.
2570.
1278.
754.

1979-Q1...|
-Q2... |
-Q3...|
-Q4...|
i
1980-Q1...|
-Q2...1
-Q3-- |
-Q4... |

14931.
17424.
17084.
17755.

|
|
|
|

7146.
8184.
8784.
9230.

602.
439.
277.
87.

3617.
4130.
4492.
5057-

1724.
1770.
1747.
1687.

1203.
1844.
2268.
2399.

|
|
|
|

7785.
9240.
8300.
8525.

2676.
2776.
2759.
2824.

1954.
2376.
2498.
3143.

101.
138.
122.
156.

213029633095.
3145.

924.
987.
-173.
-742.

19238.
16991.
14654.
13261.

|
|
|
|

9586.
9375.
8700.
8545.

14.
-192.
-207.
-9.

5752.
6420.
6422.
6307.

1487.
1203.
870.
663.

2333.
1944.
1615.
1585.

|
|
|
|

9652.
7616.
5954.
4716.

2385.
1286.
783.
540.

3572.
3507.
2459.
1592.

310166.
151.
144.

4019.
3101.
2597.
2573.

-633.
-444.
-35.
-133.

14112.
1981-Q1...|
I
I
I
I
I
1976-Q1...| ******
-Q2...J
12.8
-Q3...I ******
— Q4__ |
14.3
i
1977-Q1...|
15.4
-Q2...I
17.3
-Q3__ |
18.6
-Q4...|
18.4
I
1978-Q1...|
17.5
-Q2...I
15.6
-Q3...I
15.1
-Q4...1
15.5

|

7908.

-36.

6426.

533.

984.

|

6205.

830.

1659.

130.

3380.

205.

I

1979-Q1...|
-Q2...J
-Q3...I
-Q4...I

112.5
1
| ******
10.7
|
| ******
|
12.4
I
|
14.0
15.3
|
15.8
|
J
15.6
I
15.2
|
14.6
J
14.8
|
|
14.6

I

******
4.2

PERCENTAGE CHANGE FROM PREVIOUS YEAR

7.8

17.8
16.5
15.9
15-7

6. 1
6.6
8.4
10.0

5.2
4.9
7.1
10.3

******
14.9
******
16.0

******
16.2
******
15.3

11.0
12.2
14.8
13.5

-0.9
4.8
11.4
5.3

58.2
21-3
12.9
8.6

******
-7.5
******
182.8

14.2
15. 7
17.0
15.2

15.8
16.0
16. 1
15.9

12.2
16.3
18.1
19.2

8.8
9,2
8.1
8.1

16.8
19. 1
21.2
21.0

15.8
15.7
14.8
10.8

13.2
14.5
14.2
10.3

1.2
5.6
3.0
-0. 1

12.8
24.9
31.9
44.8

198.7
684.9
1030.6
343.7

13.3
11.5
10.7
9.5

15.0
14.6
14.7
14.9

20.6
19.4
19.4
18.8

9.1
10.7
13.6
13.8

19.7
16.5
15.4
16.3

7.4
5.4
6.8
9.6

6.7
4. 1
6.3
10.8

-10.4
14.2
22. 1
38.2

85.3
99.0
106.0
95.2

289.4
179.0
52.5
16.8

16.5
18.1
18.7
19.2

7.6
5.4
3.3
1.0

16.3
17.9
18.8
20.5

18.8
18.3
17.3
16. 1

29.3
43.3
50.7
52.9

16.3
18- 1
15.6
15.6

10.5
10.3
9.8
10.0

14.6
16.6
16.7
21.1

31.7
30.7
24. 4
30.4

54.0
55.4
51.9
53.7

19.6
24.6
-4.7
-14.2

******

16.4
18.1
17-1
17.3

|
|
|
|

18.1
14.9
12.5
11.0

|
|
|
|

19.0
17.5
15.6
14.9

0-2
-2.2
-2.4
-0. 1

22-3
23.6
22.6
21.2

13.6
10.5
7.3
5.4

43.9
31.8
24.0
22.9

17.4
12.6
9.7
7.5

8.5
4.3
2.5
1.7

23.2
21.0
14. 1
8.8

74. 1
28. 1
24.3
21. 7

66.2
37.3
28.7
28.6

-11.2
-8.9
-1.0
-3.0

1981-Q1...|
11.3
I
I
I
I
I
1975-Q4...| ******

|

13. 1

-0. 4

20.3

4.3

12.9

9.5

2.7

8.8

17.9

33.5

4.1

I

1980-Q1...|
-Q2...I
-Q3-- |
-Q4...|

1976-Q1...|
-Q2...I
-Q3-- |
-Q4...|

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

1977-Q1... |
-Q2...I
-Q3...I
-Q4-- |

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

1978-Q1... |
-Q2...|
-Q3... |
-Q4... |
1
1979-Q1...|
-Q2...I
-Q3...I
-Q4...|
1
1980-Q1 •... |
-Q2. .. |
-Q3. .. |
-Q4...|

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

1981—Q1-..1, ******
1L_______




I

112.6
1
1
1
1
1
1
1
1
!
1
1
1
1
1
1
1
1
1
1
1
1
1
i
1
1
1
1
1
1

PERCENTAGE OF TOTAL SPEC IFIED DEBT

100.0

19.3

49.6

20.8

10.3

100.0
100.0
100.0
100.0

18. 5
18.5
18.4
18.5

50.5
50.8
51.0
51.0

20.5
20.4
20.3
20.4

10-5
10.3
10.3
10.2

100.0
100.0
100.0
100.0

18.5
18.6
18.6
18.4

51.3
51.1
51.1
51.1

20.2
20.5
20.7
21.0

10.0
9.8
9.6
9.5

100.0
100.0
100.0
100.0

18.2
18. 1
17.9
17.6

51.2
51.1
51.0
51.2

21.1
21.4
21.5
21.8

9-5
9.4
9.5
9.4

100.0
100.0
100.0
100.0

16.8
16.1
15.6
14.9

51.1
51.0
51.0
51.8

21.6
21.4
21.3
21.2

10.5
11.4
12.1
12. 1

100.0
100.0
100.0
100.0

14.2
13.4
13.2
13.0

52.5
53.6
54.1
54.7

20.6
20.2
19.7
19.5

12.7
12.8
13.0
12.9

100.0

12.5

55.9

19,0

12.7

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
i
1
1
1
i
1
1
1
1
1
1

100.0

60. 1

32. 1

1.0

5.7

1.1

100.0
100.0
100.0
100.0

59.8
60.1
60. 2
59.7

32.5
32.6
32.4
31.4

1.0
1.0
1. 0
1.0

5.5
5.8
5.8
5.3

1.2
0.5
0.6
2- 6

100.0
100.0
100.0
100.0

59.3
58.4
57.0
54.7

31-5
31.3
30.5
28.6

0. 9
0. 9
0, 9
0. 8

5.3
6.1
6.3
6.4

3.0
3. 3
5.3
9. 5

100.0
100.0
100.0
100.0

53.2
52.8
52.7
51.5

28.1
28.0
28. 1
27.2

0.7
0.9
0.9
0.9

8.2
10.5
11.2
10.7

9.9
7.8
7.0
9.6

100.0
100.0
100.0
100.0

50.5
49.3
50. 1
49.0

27.7
27.7
28.4
28.5

o.e
1.0
1.0
1.1

10.9
13.8
14.7
14.2

10. 1
8.3
5.8
7.1

100.0
100.0
100.0
100.0

46.7
45.7
46.9
46.4

29.0
29.7
29.5
28.9

1.1
1.1
1.1
1-2

15.5
16.8
17.3
17.0

7.7
6.7
5.2
6.4

100.0

43.8

28.8

1.2

18.9

7.3

AGRICULTURAL FINANCE DATA0OOK--QUAR1ERLY SERIES

200

APRIL 1981

FARM LENDING OPERATIONS AND EXPERIENCE OF NONBANK INSTITUTIONS

210

PRODUCTION CREDIT ASSOCIATIONS (AGRICULTURAL LOANS, EXCEPT AS NOTED)

211

LOANS OUTSTANDING

211. 1Q
211.2Q
212

LOANS HADE AND NEW LOANS

212. 1Q
212. 2Q
212.3Q
213

ACTUAL...................... .............. ........... ........11
SEASONALLY ADJUSTED ANNUAL RATE.................................12
FOUR-QUARTER MOVING TOTAL.......
13

RENEWALS AND COLLECTIONS (SEE NOTE BELOW)

213. 1Q
213. 2Q
213.3Q

220

ACTUAL.................................................
9
SEASONALLY ADJUSTED............................................ 10

ACTUAL...................................................
14
SEASONALLY ADJUSTED ANNUAL RATE................................. 15
FOUR-QUARTER MOVING TOTAL.................
16

FEDERAL LAND BANKS (AGRICULTURAL LOANS)

221

LOANS OUTSTANDING

221. 1Q
221.2Q
222

ACTUAL......................................
22
SEASONALLY ADJUSTED ANNUAL RATE................................ 23
FOUR-QUARTER MOVING TOTAL.... ................ .................. 24

REFINANCING AND REPAYMENTS

224. 1Q
224.2Q
224.3Q

230

ACTUAL...................... .... ......................... ....19
SEASONALLY ADJUSTED ANNUAL RATE.. ......... ,........... ........20
FOUR-QUARTER MOVING TOTAL..................................... ..21

LOANS CLOSED AND NEW MONEY LOANED

223. 1Q
223. 2Q
223.3Q
224

— .17
18

LOANS CLOSED

222. 1Q
222. 2Q
222. 3Q
223

ACTUAL...................
SEASONALLY ADJUSTED...............................

ACTUAL...................
25
SEASONALLY ADJUSTED ANNUAL RATE,.......................
26
FOUR-QUARTER MOVING TOTAL..................... - ....... ........27

LIFE INSURANCE COMPANIES

231

FARM MORTGAGES OUTSTANDING AND ACQUIRED

231. 1Q
231.2Q
231.3Q
232

ACTUAL.................
28
SEASONALLY ADJUSTED............................................ 29
FOUR-QUARTER MOVING TOTAL (MORTGAGESACQUIRED ONLY)...... ..... .....30

FARM MORTGAGE COMMITMENTS— OUTSTANDING AND NEW

232. 1Q
232.2Q
232.3Q

SOURCES:

ACTUAL.......................
31
SEASONALLY ADJUSTED.......................... ................ 32
FOUR-QUARTER MOVING TOTAL (NEWCOMMITMENTS ONLY).......
.33

"PRODUCTION CREDIT ASSOCIATIONS— SELECTED MONTHLY LOAN DATA,"
SUPERVISORY DIVISION, FARM CREDIT ADMINISTRATION;
"FEDERAL LAND BANKS— SUMMARY OF SELECTED MONTHLY LOAN DATA,"
TECHNICAL SERVICES DIVISION, FARM CREDIT ADMINISTRATION;
"DISTRIBUTION OF INVESTMENTS OF U.S. LIFE INSURANCE COMPANIES,"
AND "FORWARD INVESTMENT COMMITMENTS OF REPORTING LIFE INSURANCE
COMPANIES," AMERICAN COUNCIL OF LIFE INSURANCE.

DATA IN THIS SECTION ARE OBTAINED FROM TIMELY MONTHLY REPORTS, MOST OF WHICH
ARE NOT REVISED TO REFLECT LATER CHANGES OR CORRECTIONS. IF ONLY YEAR-END
DATA ON OUTSTANDING LOAN VOLUME ARE REQUIRED, USE THE SERIES IN SECTION 100
FOR PRODUCTION CREDIT ASSOCIATIONS, DATA ON LOANS OUTSTANDING AND LOANS HADE
DO NOT INCLUDE RURAL HOME LOANS, FARM-RELATED BUSINESS LOANS, OR AQUATIC
LOANS. DATA ON COLLECTIONS AND RENEWALS DO INCLUDE THESE LOANS; HOWEVER,
THESE TYPES OF LOANS REPRESENTED ONLY 2.6 PERCENT OF TOTAL OUTSTANDING LOANS
AT PRODUCTION CREDIT ASSOCIATIONS AS OF DECEMBER 1980.




TABLE 211.1Q
PRODUCTION CREDIT ASSOCIATIONS
LOANS OUTSTANDING

END OF
QUARTER

t
I
I

AMOUNT

NUMBER ’ o f ’ e O E L O K E R

MILLIONS OF DOLLARS

|

|

|
I END OB
I QUARTER 1
_______________ 1_____________ L
1
1 96 1 - Q 1............|
1622.
1819.
* Q2 ............|
1806.
-Q 3 --------- 1
1 65 2 .
- Q4 ............1

CHANGE FBON PREVIOUSI
Qoabt e b

1
t e a s ____ L

AVERA GE

s

—

P E R C E N T A G E C HA NGE
FROM P R E V I O U S

I

’ p e r c e n t T g T " C HA NGE
FROM PREV I O U S

THOUSANDS!
QUABTEfi

YEAR

I
I

DOLLARS
QUARTER

TEAR

SIZE
PERCENTAGE
CHANGE
FROM
PREVICUS
TEAR

132.
192.
- 7.
- 155,.

137.
144.
163.
161.

8 .8
1 1 .8
- 0 .4
- 8 .6

9 .2
8 .6
9 .9
1 0 .8

2 8 0 .4
296. 1
2 8 5 .7
2 6 1 .3

1 0 .3
5 .6
- 3 .5
- 8 .5

2 .6
1 .5
2 .3
2 .8

5783.
6126.
6323.
6321.

6 .4
7 .1
7 .4
7 .8

1962-

Q 1--------- l
Q2 ............|
Q3 ........... |
Q4 ............1

1773.
1994.
1982.
1855.

121.
222.
- 13.
- 127.

151.
181.
175.
203.

7 .3
1 2 .5
- 0 .6
- 6 .4

9 .3
1 0 .0
9 .7
1 2 .3

2 8 1 .7
2 9 8 .7
288. 8
2 6 9 .0

7 .8
6 .0
- 3 .3
- 6 .9

0 .5
0 .9
1 .1
2 .9

6292.
6677.
6861.
6897.

8 .8
9 .0
8 .5
9 .1

196 3 -

Q 1______|
Q2 ............ |
Q3----------1
Q4---------- |

2031.
2300.
2298.
2123.

176.
270.
- 2.
- 175.

258.
306.
316.
268.

9 .5
1 3 .3
- 0 .1
- 7 .6

1 4 .5
1 5 .3
1 6 .0
1 4 .5

2 9 0 .8
3 0 8 .0
3 0 0 .8
2 8 1 .5

8 .1
5 .9
- 2 .3
- 6 .4

3 .2
3 .1
4 .2
4 .7

6964.
7469.
7640.
7542.

1 1 .0
1 1 .9
1 1 .3
9i- 4

1964-

Q 1............|
Q2............ j
Q3 ........... |
Q4............1

2278.
2533.
2514.
2296.

154.
255.
- 19.
- 217.

247.
232.
215.
173.

7 .3
1 1 .2
- 0 .8
- 8 .6

1 2 .2
1 0 .1
9 .4
8 .1

2 9 9 .3
3 1 3 .6
3 0 8 .1
2 8 8 .2

6 .3
4 .8
- 1 .8
- 6 .4

3 .0
1 .8
2 .4
2 .4

7609.
8077.
8159.
7966.

8 .9
8 .1
6 .8
5 .6

1965-

Q 1______|
Q2 ........... |
Q3 ............|
Q4 ........... 1

2446.
2743.
2753.
2598.

150.
297.
10.
- 154.

169.
210.
239.
302.

6 .5
1 2 .1
0 .3
- 5 .6

7 .4
8 .3
9 .5
1 3 .2

3 0 1 .7
3 1 5 .8
3 1 0 .2
2 9 3 .8

4 .7
4 .6
- 1 .8
- 5 .3

0 .8
0 .7
0 .7
1 .9

8107.
8687.
8875.
8844.

6 .6
7 .6
8 .8
1 1 .0

1 96 6 -

Q 1______|
Q2............ |
Q3 ........... 1
Q4............ 1

2806.
3146.
3139.
3042.

207.
341.
- 8.
- 97.

359.
403.
386.
444.

8 .0
1 2 .1
- 0 .2
- 3 .1

1 4 .7
1 4 .7
1 4 .0
1 7 .1

3 0 5 .9
3 1 9 .5
3 1 5 .3
2 9 9 -4

4. 1
4 .4
- 1 .3
- 5 .0

1 .4
1 .2
1 .6
1 .9

9170.
9847.
9956.
10161.

1 3 .1
1 3 .4
1 2 .2
1 4 .9

1967-

Q 1----------1
Q 2 ........... |
Q3 ............ |
Q4............ 1

3292.
3652.
3608.
3551.

250.
359.
- 44.
- 57.

487.
505.
469.
509.

8 .2
1 0 .9
- 1 .2
- 1 .6

1 7 .3
1 6 .1
1 4 .9
1 6 .7

3 1 0 .6
3 2 2 .8
3 1 9 .3
3 0 6 .5

3 .7
3 .9
- 1 .1
- 4 .0

1 .5
1 .0
1 .3
2 .4

10600.
11313.
11300.
11587.

1 5 .6
1 4 .9
1 3 .5
1 4 .0

1968-

Q 1 ........... |
Q2 ............|
Q3 ............|
Q« ............1

3777.
4097.
3983.
3861.

226.
320.
- 1 14 .
- 122.

485.
445.
375.
310.

6 .4
8 .5
- 2 .8
- 3 .1

1 4 .7
1 2 .2
1 0 .4
8 -7

3 1 5 .3
3 2 3 .6
3 1 8 .0
3 0 3 .9

2 .9
2 .6
- 1 .7
- 4 .4

1 .5
0 .3
- 0 .4
- 0 .8

11980.
12660.
12525.
12704.

1 3 .0
1 1 .9
1 0 .8
9 .6

196 9 -

Q 1----------1
Q2---------- 1
Q3 ........... |
Q4............ 1

4147.
4569.
4510.
4533.

286.
422.
- 59.
23.

370.
472.
527.
672.

7 .4
1 0 .2
* - 1 .3
0 .5

9 .8
1 1 .5
1 3 .2
1 7 .4

3 1 2 .0
3 2 0 .1
3 1 3 .3
3 0 1 .2

2 .6
2 .6
- 2 .1
- 3 .9

-

1 .1
1 .1
1 .5
0 .9

13293.
14275.
14396.
15050.

1 1 .0
1 2 .8
1 4 .9
1 8 .5

1970-

Q 1 --------- 1
Q2 ........... |
Q3 ............|
Q4 ............J

4910.
5359.
5257.
5334.

377.
449.
- 101.
77.

763.
790.
747.
801.

8 .3
9 .1
- 1 .9
1 .5

1 8 .4
1 7 .3
1 6 .6
1 7 .7

3 0 8 .1
3 1 4 .1
3 0 9 .3
2 9 8 .2

2 .3
1 .9
- 1 .5
- 3 .6

-

1 .2
1 .9
1 .3
1 .0

15935.
17062.
17000.
17891.

1 9 .9
1 9 .5
1 8 .1
.1 8 . 9

1 97 1 -

Q 1............|
Q2---------- 1
Q3 ............|
Q* ............1

5759.
6273.
6191.
6116.

425.
514.
- 83.
- 75.

849.
914.
933.
781.

8 .0
8 .9
- 1 .3
- 1 .2

1 7 .3
1 7 .1
1 7 .7
1 4 .6

3 0 7 .4
3 1 6 .1
3 1 3 .6
3 0 3 .8

3 .1
2 .8
- 0 .8
- 3 .1

- 0 .2
0 .7
1 .4
1 .9

18734.
19843.
19737.
20128.

1 7 .6
1 6 .3
1 6 .1
1 2 .5

1 9 7 2 - Q 1 . ____ |
- 0 2 ........... 1
- 0 3 ........... 1
- 0 9 ............1

6433.
6832.
6634.
6635.

318.
399.
- 198.
1.

674.
559.
444
519.

5 .2
6 .2
- 2 .9
0 .0

1 1 .7
8 .9
7 .2

a. 5

3 1 1 .9
3 1 9 .9
3 1 6 .3
3 0 8 .7

2 .6
2 .6
- 1 .1
- 2 .4

1 .5
1 .2
0 .8
1 .6

20628.
2 13 59 20977.
21496.

1 0 .1
7 .6
6 .3
6 .8

1 97 3 - Q 1 ............|
- 0 2 ............|
- 0 3 ............|
- 0 9 ............ 1

6964.
7498.
7683.
7853.

329.
534.
185.
171.

530.
666.
1048.
1218.

5 .0
2 .5
2 .2

8 .2
9 .7
1 5 .8
1 8 .4

3 1 4 .7
3 2 1 .2
3 1 9 .9
3 1 1 .9

2 .0
2 .1
- 0 .4
- 2 .5

0 .9
0 .4
1 .2
1 .0

22127.
23340.
24014.
25180.

7 .3
9 .3
1 4 .5
1 7 .1

1 9 7 9 - Q 1 ............|
- Q2 ............|
—Q3 --------- 1
- Q9 ............|

8206.
9091.
9432.
9502.

352.
885.
341.
70.

1242.
1593.
1749.
1649.

4 .5
1 0 .8
3 .8
0 .7

1 7 .8
2 1 .2
2 2 .8
2 1 .0

3 1 8 .9
3 2 9 .3
3 3 0 .6
3 2 3 .8

2 .3
3 .3
0 .4
- 2 .0

1 .3
2 .5
3 .3
3 .8

25731.
27605.
28531.
29344.

1 6 .3
1 8 .3
1 8 .8
1 6 .5

1 9 7 5 - Q 1 _____ |
—Q2 --------- 1
- Q3 . ------- 1
—Q9............ 1
1
1 9 7 6 - Q 1 ............|
- 0 2 ........... 1
- 0 3 ............|
- Q9 ........... 1
1
1977- Q 1 . . . . . |
- Q2 ........... |
- Q3 ........... |
- 0 9 ............|

10011.
10703.
10737.
10742.

509.
692.
34.
4.

1805.
1612.
1305.
1240.

5 .4
6 .9
0 .3
0 .0

2 2 .0
1 7 .7
1 3 -8
1 3 .0

3 3 3 .6
3 3 8 .5
3 3 6 .6
3 2 8 .7

3 .0
1 .5
- 0 .6
- 2 .3

4 .6
2 .8
1 .8
1 -5

30010.
31618.
31902.
32682.

1 6 .6
1 4 .5
1 1 .8
1 1 -4

11117.
12006.
12321.
12196.

376888.
316.
- 125.

1106.
1303.
1584.
1455.

3 .5
8 .0
2 .6
- 1 .0

1 1 .0
1 2 .2
1 4 .8
1 3 -5

3 3 4 .3
3 4 2 .0
3 4 1 .9
3 3 5 .6

1 .7
2 .3
- 0 .0
- 1 .8

0 .2

33250.
35106.
36036.
36338.

1 0 -8
1 1 .0
1 3 .0
1 1 .2

12583.
13749.
14069.
13454.

387.
1166.
320.
- 615.

1466.
1743.
1748.
1258.

3 .2
9 .3
2 .3
- 4 .4

1 3 .2
1 4 .5
1 4 .2
1 0 .3

3 4 1 .7
3 5 0 .4
3 5 0 .6
3 4 2 .8

1 .8
2 .6
0 .0
- 2 .2

2.2
2 .5
2 .5
2- 1

36828.
39233.
40130.
39253.

1 0 .8
1 1 .8
1 1 .4
8 .0

1 97 8 - Q 1............|
- 0 2 ........... 1
- 0 3 ............|
- Q9 ----------1

13427.
14312.
14955.
14901.

- 27.
885.
643.
- 53.

844.
563.
885.
1447.

- 0 .2
6 .6
4 .5
- 0 .4

6 .7
4 .1
6 .3
1 0 .8

3 4 3 .7
3 4 9 .3
3 5 0 .8
3 5 3 .4

0 .3
1 .6
0 .4
0 .7

0 .6
- 0 .3
0. 1
3 .1

39067.
40971.
42625.
42162.

6. 1
4 .4
6 .2
7 .4

1 9 7 9 - Q 1. . . . . |
- 0 2 ............|
- 0 3 ............|
—Q9 ............1
1
1980- Q 1........... |
- 0 2 ............1
- Q3 ........... |

15381.
16688.
17452.
18045.

480.
130 7 .
764.
592.

1954.
2376.
2498.
3143.

3 .2
8 .5
4 .6
3 .4

1 4 .6
1 6 .6
1 6 -7
2 1 .1

3 5 0 .0
3 5 8 .5
3 6 0 .0
3 5 8 .0

- 1 .0
2 .4
0 .4
- 0 .5

1 .8
2 .6
2 .6
1 .3

43945.
46544.
48482.
50399.

1 2 .5
1 3 -6
1 3 .7
1 9 .5

18953.
20195.
1 9 9 .1 1 .
1 96 36 .

908.
1 2 4 2 .'
- 284.
- 275.

3572.
3507.
2459.
1592.

5 .0
6 .6
- 1 .4
- 1 .4

2 3 .2
2 1 .0
1 4 .1
8 .8

365. 1
3 7 3 .6
3 7 0 .3
3 6 4 .8

2 .0
2 .3
- 0 .9
- 1 .5

4 .3
4 .2
2 .9
1 -9

51905.
54049.
53766.
53822.

1 8 .1
1 6 .1
1 0 .9
6 .8

20612.

976.

1659.

5 .0

8 .8

3 7 3 .8

2 .5

2 .4

55144.

6 .2

1 98 1 - Q 1 ............|
_______________ L




.

7.7

1 .0
1 .6
2 .1

10

TABLE 211.2Q

END OF
gUARTER

PRODUCTION CREDIT ASSOCIATIONS
LOANS OUTSTANDING
SEASONALLY-ADJUSTED DATA

{
NUMBER OF BORROWERS
1
... 1
| PERCENTAGE CHANGE |
1 PERCENTAGE CHANGE |
FROM PREVIOUS
1
FROM PREVIOUS
|
1
1
| CHANGE FROH PREVIOUS|
i THOUSANDS 1
END OF 1
_____ 1
1
1
QUARTER | QUARTER
YEAR
| QUARTER
YEAR
|
YEAR
|
1 Q U A RTER
1__ (SAAR)
__L_ -jSAAR)____________ 1_________ 1___L§AMj____________ L
J ____
I
I
|
I
I
|
|

AMOUNT

1 96 1 -

Q 1____ |
Q2 ------- .1
Q3 ------- |
Q4 ------- . |

1659.
16921743.
1778.

211.
136.
212.
145-

139.
135.
159.
169.

13. 1
8 .2
1 2 .6
8 .3

9 .2
8 .7
1 0 .0
1 0 .5

1962-

Q 1____
Q2 ------Q3 ------Q4 -------

.J
.|
.1
.|

1814.
1863.
1917.
1992.

148.
204.
227.
318.

155.
171.
174,
214.

8 .3
1 1 .3
1 2 -2
1 6 .6

9 -3
1 0 -1
1 0 .0
1 2 .0

1963-

Q 1____ .1
Q2 ------- . |
Q3 ............ |
Q4 -------

2076.
2152.
2231.
2272.

356.
324.
333.
168-

262.
2 89 314.
280.

1 7 .9
1 5 .6
1 5 .5
7 .5

1 4 .4
1 5 .5
1 6 .4
1 4 .0

196 4 -

Q 1 ____
Q2 ------Q3 ------Q 4 ---------

I
1
|
|

2325.
2375.
2451.
2447.

220.
205.
319.
- 15.

249.
222.
220.
175.

9 .7
8 .8
1 3 .4
- 0 -6

1 2 .0
1 0 .3
9 .8
7 .7

1965-

Q 1 ____
Q2 ...........
Q3 -------Q4 -------

I
I
I
1

2493.
2578.
2698.
2758-

188361.
512.
251.

168.
204.
247.
311.

7 -7
1 4 .5
1 9 .9
9 .3

7 .2
8 .6
1 0 -1
1 2 -7

1966-

Q 1____ . |
Q2 ------- !
Q 3 ------- . |
Q4 --------- |

2851.
2966.
3094.
3216-

391.
487.
546.
517.

359.
387.
396.
457.

1 4 .2
1 7 .1
1 8 .4
1 6 .7

1 4 .4
1 5 .0
1 4 .7
1 6 .6

1967-

Q 1 ____
Q2 ------- . |
Q3 ------- .j
Q4 ------- . |

3335.
3452.
3576.
3737.

503.
497.
520689.

483.
487.
482.
521.

1 5 .7
1 4 .9
1 5 .1
1 9 .3

1 7 .0
1 6 .4
1 5 .6
1 6 .2

1968-

Q 1____ . |
Q2 ------- . |
Q3 ------- |
Q4 ------- . |

3812.
3885.
3966.
4043.

312.
300.
334.
318.

478.
433.
391.
307.

8 .4
7 .9
8 .6
8 .0

1 4 .3
1 2 .5
1 0 -9
8 .2

.1 96 9 —Q 1_____ . |
- Q 2 -------- . |
- Q 3-------- . |
- Q4---------. |

4171.
4346.
4504.
4724.

537.
741.
670.
944.

359.
460.
538.
680.

1 3 .3
1 7 .8
1 5 .4
2 1 .0

9 .4
1 1 .8
1 3 .6
1 6 .8

1970-

Q 1 . .. i -I
Q2....-I
Q3 -------- .1
Q4 -------- . |

4927.
5111.
5253.
5529.

869.
779.
593.
1193.

756.
766.
749.
8 06 -

1 8 .4
1 5 .8
1 1 .6
2 2 .7

1 8 -1
1 7 .6
1 6 .6
1 7 .1

1971-

Q 1. . . . . |
Q2 . . . • . |
Q3 -------- . |
Q4 ------- . |

5775.
6002.
6175.
6307.

1049.
966.
723.
542.

847.
891.
922.
777.

1 9 .0
1 6 .7
1 2 .0
8 .8

1 7 .2
1 7 .4
1 7 .5
1 4 .1

1 97 2 -

Q 1____ . |
Q 2 -------- . |
Q3 . . . . - . |
Q 4---------.1

64556558.
6597.
6810.

616423.
155.
897.

681556.
421.
504.

9 -8
6 .6
2 -4
1 3 -6

1 1 -8
9 .3
6 .8
8 .0

1973-

Q 1. . . . . |
Q2 ------- . |
Q3 ------- .1
Q4 -------- .1

7003.
7222.
7609.
8031.

804.
919.
1676.
1832.

548.
664.
1012.
1220.

1 1 .8
1 3 .1
2 3 .2
2 4 .1

8 .5
1 0 .1
1 5 .3
1 7 .9

1974-

Q 1 ____ . |
Q2 ------- . |
Q3 -------- .1
Q4 . . . . .1

8279.
8786.
9 30 2 9690.

1039.
2226.
22511651.

1276.
1564.
1693.
1659. '

1 2 .9
2 6 .9
2 5 .6
1 7 .7

1 8 -2
2 1 .7
2 2 .3
2 0 .7

1 97 5 -

Q 1____
Q2 ------Q3 ------Q4 -------

.|
.1
.|
-|

10137.
10377.
10549.
10935.

1916.
996.
706.
1630.

1858.
1591.
1247.
1245.

1 9 .8
9 .8
6 .8
1 5 .5

2 2 .4
1 0 .1
1 3 .4
1 2 .9

1 97 6 -

Q 1____
Q2 ------Q3 ------Q4 -------

.|
.1
.|
.|

11290.
11670.
12074.
12402.

1489.
1599.
1703.
1365.

1153.
1293.
1525.
1467.

1 3 .6
1 4 .2
1 4 .6
1 1 .3

1 1 .4
1 2 .5
1 4 .5
1 3 .4

1 9 7 7 - Q 1 ____ . (
- 0 2 ------- . |
- 0 3 ------- .1
- Q4 -------- . |

1 28 02 13388.
13771.
13672.

1682.
2507.
1599.
- 392.

1513.
1718.
1697.
1270.

1 3 .6
1 9 .6
1 1 .9
- 2 .8

1 3 .4
1 4 .7
1 4 .1
1 0 .2

1970- Q 1• . . . |
- 0 2 ------- . |
- Q3-------- . |
- Q4 ------- .1

13669.
13951.
14624.
15115.

- 9.
1163.
2893.
2063.

867.
564.
853.
1443.

- 0 .1
8 .5
2 0 .7
1 4 .1

6 .8
4 .2
6 .2
1 0 .6

1 9 7 9 - Q 1____ . |
- Q2 ------- . |
- 0 3 ------- . |
- Q4 --------. |

15674.
16280.
17066.
1 82 89 -

2363.
2569.
3377.
5444.

2004.
2329.
2441.
3174.

1 5 .6
1 6 .4
2 0 .7
3 1 .9

1 4 .7
1 6 .7
1 6 .7
2 1 .0

1980-

Q 1_____- |
Q2 ------- .1
Q3-------- , |
Q4 ------- .1

19314.
15708.
19477.
19901.

4458.
1623.
- 506.
1753.

3640.
3427.
- 4 11.
1612.

24. 4
8 .4
- 4 .6
9 .0

2 3 .2
2 1 .1
14. 1
8 .8

198 1 - Q 1------- . |

21005.

4796.

1691.

2 4 .1

8 .8




AVERAG E

MILL IONS OF DOLLARS

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
J
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

2 7 9 .9
2 8 0 .6
2 8 2 .0
2 7 8 .7

1 1 .9
1 .1
2 .0
- 4 .5

2 .6
1 .7
2 .3
2 .4

2 8 1 .4
2 8 4 .1
2 8 5 .1
2 8 5 .9

3 .8
3 .9
1 .4
1 .1

0 .5
1 .2
1 .1
2 .6

2 9 0 .5
2 9 4 .2
2 9 6 .9
2 9 7 .8

6 .6
5 .2
3 .7
1 .2

3 .2
3 .5
4 .1
4 .1

2 9 9 .4
3 0 0 .8
3 0 4 .0
3 0 3 .2

2 .2
2 .0
4 .3
- 1 .1

3 .0
2 .3
2 .4
1 .8

3 0 2 .1
3 0 4 .2
3 0 6 -2
3 0 7 .4

- 1 .4
2 .8
2 .6
1 .6

0 .9
1 .1
0 .7
1 .4

3 0 6 .6
3 0 9 .1
3 1 1 .6
3 1 1 .7

- 1 .1
3 .3
3 .3
0 .2

1 .5
1 .6
1 .7
1 .4

3 1 1 .3
3 1 3 .3
3 1 5 .9
3 1 7 .7

- 0 .5
2 .5
3 .4
2 .3

1 .6
1 .4
1 .4
1 .9

3 1 6 .1
3 1 5 .0
3 1 5 .0
3 1 4 .0

- 2 .0
- 1 .4
0 -1
- 1 .3

1 .5
0 .6
- 0 .3
- 1 .2

3 1 2 .7
3 1 2 .3
3 1 0 .7
3 1 0 .3

-

1 .7
0 .5
2 .0
0 .5

-

4 .1
0 .9
1 .4
1 .2

3 0 8 .7
3 0 7 .0
3 0 6 .8
3 0 6 .3

-

2 .0
2 .2
0 .2
0 .7

-

1 .3
1 .7
1 .2
1 .3

3 0 7 .9
3 0 9 .5
3 1 1 .2
3 1 1 .3

2 .0
2 .1
2 .2
0 .2

- 0 .3
0 .8
1 .4
1 .6

3 1 2 .3
3 1 3 .6
3 1 3 .7
3 1 5 .5

1 .2
1 .7
0 .1
2 .4

1 .4
1 .3
0 .8
1 .4

3 1 5 .1
3 1 5 .4
3 1 7 .3
3 1 8 .1

- 0 .5
0 .4
2 .4
1 .1

0 .9
0 .6
1 .1
0 .8

3 1 9 .4
3 2 3 .9
3 2 7 .8
3 2 9 .7

1 .6
5 .7
4 .9
2 .3

1 .4
2 .7
3 .3
3 .6

3 3 4 .3
3 3 3 .4
3 3 3 .8
3 3 4 .0

5 .7
- 1 .0
0 .4
0 .3

4 .7
3 .0
1 .8
1 .3

3 3 5 .3
3 3 7 .3
3 3 9 .1
3 4 0 .5

1 .6
2 .4
2 .2
1 .7

0 .3
1 .2
1 .6
2 .0

3 4 2 .9
3 4 6 .0
3 4 7 .9
3 4 7 .4

2 .9
3 .6
2 .2
- 0 .6

2 .3
2 .6
2 .6
2 .0

3 4 5 .1
3 4 5 .0
3 4 8 .0
3 5 7 .5

- 2 .6
- 0 .0
3 .5
1 1 .3

0 .6
- 0 .3

3 5 1 .8
3 5 4 .3
3 5 7 .1
3 6 1 .9

- 6 .2
2 .9
3 .3
5 .5

1 .9
2 .7
2 .6
1 .2

3 6 7 .1
3 6 9 .3
3 6 7 .5
3 6 8 .9

5 .0
2 .4
- 1 .9
1 .5

4 .4
4 .2
2 .9
1 .9

3 7 5 .8

7 .8

2 .4

0.0
2 .9

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
I
1
1
1
1
1
1
1
1
1
J
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
«
1
1
1
1
1
1
1
1
1
1
<
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
I

1
1
1
1
I

J
1
1
1
1

S IZ E
PERCEN TAG E
CHANGE

D O LLARS

FR O H
P R E V IO U S
TEAR

5928.
6029*
6180.
6379.

6 .4
6 .9
7 .6
7 .9

6447.
6557.
6724.
6967.

8 .8
8 .8
8 .8
9 .2

7145.
7316.
7515.
7630.

1 0 .8
1 1 .6
1 1 .8
9 .5

7767.
7893.
8061.
8071.

8 .7
7 .9
7 .3
5 .8

8250.
8475.
8810.
8972.

6 .2
7 .4
9 .3
1 1 .2

9300.
9596.
9930.
10316.

1 2 .7
1 3 .2
1 2 .7
1 5 .0

10710.
11020.
11319.
11760.

1 5 .2
1 4 .8
1 4 .0
1 4 .0

42061.
12334.
12589.
12876.

1 2 .6
1 1 .9
1 1 .2
9 .5

13342.
13916.
14499.
15223.

1 0 .6
1 2 .8
1 5 .2
1 8 .2

15962.
16651.
’1 7 1 2 3 .
18051.

1 9 .6
1 9 .7
1 8 .1
1 8 .6

18757.
19395.
19846.
20258.

1 7 .5
1 6 .5
1 5 .9
1 2 .2

20672.
20913.
21029.
21584.

1 0 .2
7 .8
6 .0
6 .5

22223.
22896.
23981.
25242.

7 .5
9 .5
1 4 .0
1 6 .9

25919.
27129.
28377.
29392.

1 6 .6
1 8 .5
1 8 .3
1 6 .4

30322.
31123.
31608.
32742.

1 7 .0
1 4 .7
1 1 .4
1 1 .4

33669.
34599.
35607.
36422.

1 1 .0
1 1 .2
1 2 .7
1 1 .2

37334.
38698.
39587.
39357.

1 0 .9
1 1 .8
1 1 .2
8. 1

39614.
40434.
42021.
42279.

6. 1
4 .5
6 .1
7 .4

44555.
45951.
47785.
50534.

1 2 .5
13.6
1 3 .7
1 9 .5

52614.
53369.
52994.
53953.

1 8 .1
16. 1
1 0 .9
6 .8

55892.

6 .2

.U

TAbLE 212.1Q
PRODUCTION CREDIT ASSOCIATIONS
LCANS MADE AND NEN LOANS

QUARTER

LOANS MADE

!

| MILLIONS |
OF
|
I
I DOLLARS
i
1
1
1961-Q1____ |
799.
678.
-Q2.... I
562.
-Q3.... |
-Q4---- |
830.

PERCENTAGE CHANGE
FROM PREVIOUS
quarter"

"y ea r

NEW LOANS
l
|
j

AS PERCENTAGE OF
LOANS OUT­
STANDING*

COLLEC­
TIONS

MILLIONS | PERCENTAGE CHANGE
OF
|
FROM PREVIOUS
DOLLARS |
YEAR
1 QUARTER

|
AS PERCENTAGE OF
1
| LOANS OUI- COLLEC­
1 STANDING*
TIONS

6.0
-15.2
-17.0
47.6

13.6
5.8
10.3
10.1

54.
42.
31.
46.

203.
210.
125.
113.

526.
515.
441.
580.

1.1
-2.0
-14.3
31.5

12.8
5.4
9-3
11-6

35.
32.
24.
32-

134.
160.
98.
79.

1962-Q1____ |
-Q2---- 1
-Q3.... |
-Q4.... 1

866.
763.
631.
957.

4.3
-11.8
-17.3
51.6

8.3
12.6
12.3
15.3

52.
43.
32.
48.

198.
217.
124.
119.

559.
574.
498.
681.

-3.6
2.6
-13.3
36.8

6.4
11.5
12.8
17.3

34.
32.
25.
34.

128163.
98.
84.

1963-Q1.... |
-Q2---- |
-Q3.... |
-Q4.... I

968.
866.
697.
1020.

1.2
-10.6
-19.5
46. 5

11.8
13.4
10.3
6.6

52.
43.
30.
44.

213.
228.
127.
118.

629.
650.
547.
691.

-7.5
3.3
-15.9
26.4

12-5
13.3
9.9
1.6

34.
32.
24.
30.

139.
171.
100.
80.

1964-Q1____ |
-Q2.... |
-Q3.... |
-Qa. — i

1062.
892.
699.
1053.

4.1
-16. 1
-21.6
50.7

9.7
3.0
0.3
3.2

50.
39.
28.
42.

207.
222.
126.
117.

669.
658.
536.
687.

-3.3
-1.6
-18.6
28-3

6.2
1.2
-2.1
-0.6

31.
29.
2127.

130.
164.
97.
76.

1965-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... |

1114,.
986.
796.
1240.

5.8
-11.5
-19.2
55.8

4.8
10.5
14.0
17.8

48.
40.
29.
45.

209.
224.
129.
125.

683.
737.
626.
842.

-0.6
7.9
-15.1
34.4

2.2
12. 1
16.9
22.5

30.
30.
23.
31.

128.
168.
102.
85.

1966-Q1____ l
-Q2---- |
-Q3.... 1
-Q4---- |

1347.
1144.
957.
1366.

8.6
-15. 1
-16.3
42. 8

21.0
16.0
20.2
10.1

52.
41.
30.
44.

206.
214.
125.
135.

862.
875.
762.
920.

2.4
1.4
-12.9
20.7

26.2
18.6
21.7
9.2

33.
31.
24.
29.

132.
164.
99.
91.

1967-Q1---- |
-Q2.... 1
-Q3.... |
-Q4.... 1

15191288.
1048.
1573.

11.2
-15.2
-18.6
50. 0

12.7
12.6
9.6
15. 1

50.
39.
29.
44.

222.
218.
123.
140.

935.
953.
811.
1067.

1.6
2.0
-14.9
31.5

8.4
9.0
6.5
16.0

31.
2922.
30.

137.
161.
95.
95.

1968-Q1.... |
-Q2---- |
-Q3..... |
-Q4.... |
I
1969-Q1.... |
-Q2. .... |
-Q3.... |
-Q4.... 1
1
1970-Q1.... |
-Q2---- |
-Q3.... I
-Q4---- 1

1723.
1408.
1167.
1755.

9.6
-18.3
-17. 1
50.4

13.5
9.3
11.3
11.6

49.
37.
28.
44.

216.
215.
119.
137.

1011.
976.
871.
1162.

-5.3
-3.4
-10.7
33.4

8- 1
2.4
7.4
8.9

28.
26.
21.
29.

127.
149.
89.
91.

1924.
1683.
1365.
2105.

9.6
-12.5
-18.9
54.2

11.7
19.5
17.0
20.0

50.
41.
30.
47.

226.
214.
123.
151.

1138.
1212.
10501423.

-2.1
6.5
-13.4
35.5

12.6
24.2
20.5
22-5

29.
29.
23.
32.

134.
154.
95.
102.

2354.
1918.
1610.
2395.

11.8
-18.5
-16.0
48.7

22.4
13.9
18.0
13.7

52.
39.
30.
46.

229.
206.
123.
156.

1410.
1371.
1211.
1616.

-0.9
-2.8
-11.7
33.4

23.9
13.1
15.4
13.6

31.
28.
23.
31.

137.
147.
93.
105.

1971-Q1.... |
-Q2.... j
-Q3.... I
-Q4.... 1

2694.
2224.
1845..
2658.

12.5
-17.5
-17.0
44.0

14.5
16.0
14.6
11.0

51.
39.
29.
43-

235.
215.
128.
145.

1580.
1554.
1363.
1773-

-2.3
-1.6
-12.3
30.1

12.0
13.3
12.5
9.7

30.
27.
22.
29.

138.
150.
95.
97.

1972-Q1.... |
-Q2---- (
-Q3.... |
-Q4.... |
I
1973-Q1____ J
-Q2---- i
-Q3---- |
-Q4.... |
I
1974-Q1..__ |
-Q2---- |
-Q3..... I
-Q4---- J

3032.
2486.
2022.
2899.

14. 1
-18.0
-18.7
43. 4

12.5
11.8
9.6
9.1

50.
39.
30.
44.

211.
191.
118.
147.

1763.
1710.
1515.
1989.

-0.6
-3.0
-11.4
31.3

11.6
10.0
11-2
12.2

29.
27.
22.
30.

123.
131.
89.
101.

3575,.
2924.
2756.
3774.

23.3
-18-2
-5.8
37.0

17.9
17-6
36.3
30.2

54.
42.
37.
49.

193186.
142.
149.

2186.
2109.
2126.
2702.

9.9
-3.5
0.8
27. 1

24.0
23.4
40.4
35.8

33.
30.
28.
35.

118.
134.
110.
107.

40653402.
2965.
3927.

7.7
-16.3
-12.8
32. 4

13.7
16.4
7.6
4. 1

52.
41.
33.
42.

185.
213.
157.
152.

2556.
2489.
2266.
2670.

-5.4
-2.6
-9.0
17.8

16.9
18.0
6.6
-1.2

33.
30.
25.
28.

116.
156.
120.
103.

1975-Q1.... |
-Q2.... |
-Q3.... |
-Q4---- |

4450.
39153181.
4452.

13.3
-12. 0
-18.7
40. 0

9.5
15.1
7.3
13.4

47.
39.
30.
41.

215.
194.
134.
147.

2574.
2728.
2403.
3043.

-3.6
6.0
-1 1.9
26.6

0.7
9.6
6.0
14.0

27.
27.
22.
28-

124.
135.
101.
100.

1976-Q1.... |
- Q 2 .... |
-Q3.--- |
-Q4.... |
I
1977-Q1 — -- i
-Q2.... |
-Q3---- |
-Q4---- 1
1
1978-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... |

5321.
4565.
3524.
4845.

19.5
-14.2
-22.8
37.5

19.6
16.6
10.8
8.8

50.
41.
29.
39.

196.
191.
148.
142.

3088.
3290.
2704.
3288.

1.5
6.5
-17.8
21.6

20.0
20.6
12-5
8.0

29.
30.
23.
27.

114.
138.
113.
97.

6000.
5141.
3858.
5050.

23.8
-14.3
-25.0
30.9

12.8
12.6
9.5
4.2

49.
41.
28.
36.

196.
207.
147.
126.

3439.
3642.
2942.
3397.

4.6
5.9
-19.2
15.5

11.4
10.7
8.8
3.3

28.
29.
21.
24.

113.
147.
112.
85.

6380.
5725.
4714.
6379.

26.3
-10.3
-17.7
35.3

6.3
11.4
22.2
26.3

47.
43.
33.
43.

174.
179.
153.
136.

3664.
4068.
3699.
4604.

7.9
11.0
-9.1
24.5

6.5
11.7
25.7
35.6

2730.
26.
31.

100.
127.
120.
98.

1979-Q1____ l
-Q2.... |
-Q3---- |
-Q4---- |
I
1980-Q1____ |
-Q2---- |
-Q 3.... |
-Q4---- |
I
1981-Q1---- |I
II

7937.
7122.
5752.
8216.

24.4
-10.3
-19.2
42.8

24.4
24.4
22.0
28.8

53.
46.
34.
47.

179.
177.
149.
148.

4896.
5291.
4578.
6110.

6.3
8. 1
-13.5
33.5

33.6
30. 1
23.8
32.7

33.
34.
27.
35.

110.
132.
119.
110.

9613.
7996.
6158.
8521.

17.0
-16.8
-23.0
38.4

21.1
12.3
7.1
3.7

53.
42.
30.
43.

187.
182.
124.
132.

6051.
5618.
4635.
6151.

-1.0
-7.1
-17.5
32.7

23.6
6.2
1.2
0.7

34.
30.
23.
31.

118.
128.
93.
95.

10568.

24.0

9.9

54.

186.

6630.

7.8

9.6

34.

117.

* LOANS OUTSTANDING AT END OF PRECEDING QUARTER.
"NEW LOANS" ARE COMPUTED AS LOANS MADE LESS RENEWALS.




RENEWALS INCLUDE SOME NONAGRICULTURAL LOANS

(SEE NCTE ON PAGE 8)

.2

PRODUCTION CEEDIT ASSOCIATIONS
LOANS MADE AND NEW LOANS
SEASONALLY-ADJUSTED ANNUAL RATE

QUARTER

1
1
j M ILLIO N S
1
OF
|
D O LL AR S
1
J
|
2838.
|
2775.
|
2925.
|
2961.

LOA NS

NEW LOANS

MADE

|

PER CEN TAGE CHANGE
FROM P R E V I O U S

1

QUARTER

YEAR

f
AS PER C EN T AG E OF
|
COLLE C­
1 LOANS OUT­
TIONS
S T A N D IN G *
1

| M ILLIO NS
1
OF
|
D OL LA RS
1

|
|
1
1

P E R CE FT AGE CHANGE
FROM P R E V I O U S
QUARTER

YEAR

||
AS P ER CEN TAGE OF
|1
COLLEC­
1| LOANS O U T 11
S T A N D IN G *
TIO N S

5 .9
-2 .2
5 .4
1.3

1 3 .2
5-6
10.8
10 .5

176.
167.
173.
170.

155.
149.
156.
150.

|
|
|
|

2057.
2000.
2083.
2112.

8 .9
-2 .8
4. 1
1 .4

1 2.8
5 .5
9 .2
1 1 .8

128.
121.
123.
121.

113.
107.
111.
,107.

30723122.
3305.
3418-

3 .7
1.6
5 .9
3 .4

8 .2
1 2 .5
1 3 .0
15.4

173.
172.
177.
178.

151.
155.
156.
157.

|
|
I
|

2194.
2220.
2365.
2479.

3 .9
1 .2
6 .5
4 .8

6 .7
11 .0
13.5
17.4

123.
122.
127.
129.

1 08 ,.
110.
112.
114.

-|
. |
. |
-|

3415.
3528..
3660.
3628.

-0. 1
3 .3
3 .7
-0 .9

1 1.2
1 3 .0
10 .7
6 .1

171.
170.
170.
163.

164.
163.
160.
155-

|
|
|
I

2451.
2513.
2596.
2521.

-1 . 1
2 .5
3 .3
-2 .9

11.7
13.2
9 .8
1 .7

123.
121.
121.
113.

118.
116.
113107.

1 9 6 4 - Q 1 _____
- Q 2 -------- Q 3 -------- Q 4 --------

. |
. J
.1

.J

3732.
3645.
3678.
3730.

2 .8
-2 .3
0 .9
1. 4

9 .3
3-3
0 .5
2 .8

164.
157.
155.
152.

159.
161.
1 60 . .
149.

|
|
|
|

2622.
2531.
2505.
2509.

4 .0
-3 .5
-1 .0
0. 1

7 .0
0 .7
-3 .5
-0 .5

115.
109106.
1 0 2 -

112.
112.
109.
100.

1 9 6 5 - Q 1 _____
- Q 2 --------- Q 3 -------- Q 4 ---------

.|
.|
. |
.|

3895.
4040.
4200.
4402.

4. 4
3 .7
4 .0
4 .8

4 .4
10 .8
1 4.2
18.0

159.
162.
163.
163.

160.
164.
168.
156.

|
|
|

2684.
285a.
2969.
3080.

7 .0
6 .5
3 .9
3 .7

2 .4
1 2.9
1 8 .5
2 2 .8

n o .
115.
115.
114.

111.
116.
119.
109.

1 9 6 6 - Q 1 ____
- Q 2 -------- Q 3 -------- Q 4 ---------

.1
.|
. |
- |

4676.
4692.
5057.
4896.

6. 2
0. 4
7 .8
-3 .2

2 0 .0
16.1
2 0 .4
1 1.2

170.
165.
171.
158.

157.
160165.
167.

|
|
|
|

3329.
3404.
3639.
3380.

8 .1
2 .3
6 .9
-7 .1

2 4 .0
19.1
2 2 .6
9 .7

121.
119, 123.
109.

112.
116.
119.
115.

1 9 6 7 - Q 1 _____
- Q 2 -------- Q 3 --------- Q 4 --------

. |
. |
.|
.|

5237.
5320.
5533.
5680.

7 .0
1.6
4 .0
2 .7

1 2 .0
1 3 .4
9 .4
16.0

163.
160.
160.
159.

168.
1 67, .
165.
171.

|
|
|
|

3627.
3716.
3813.
3922.

7 .3
2 .4
2 .6
2.9

9 .0
9 .2
4 .8
1 6.0

113.
111.
110110.

117.
117.
114.
118.

1 9 6 8 —Q 1 _____ . |
- Q 2 -------- Q 3 -------- . |
—Q 4 -------- . |

5904.
5804.
6137.
6377.

3 .9
-1 .7
5 .7
3 .9

1 2 .7
9.1
1 0.9
12.3

158.
152.
158.
161.

163.
168.
162.
164.

|
J
|
|

3954.
3787.
4015.
4248.

0.8
-4 .2
6 .0
5 .8

9 .0
1.9
5 .3
8 .3

106.
99.
103107.

109.
110.
106.
109.

1 9 6 9 - Q 1 _____
- Q 2 -------- Q 3 -------- Q 4 --------

•|
-|
.|
. |

6537.
6983.
7154.
7647.

2-5
6 .8
2 .5
6 .9

1 0 .7
2 0 ,. 3
1 6.6
19.9

162.
167.
165.
170.

172.
172.
169.
176.

|
|
|
|

4409.
4773.
49225193.

3 .8
8 .3
3.1
5 .5

11.5
2 6 .0
2 2 .6
22-2

lo g ­
i n .
113.
115.

116.
118.
116.
119.

1 9 7 0 - Q 1 _____
- Q 2 --------- Q 3 -------- Q 4 --------

. |
. |
.|
.|

7961.
7995.
8411.
8754.

4. 1
0 .4
5 .2
4. 1

2 1 .8
1 4 .5
17.6
1 4 .5

169.
162.
165.
167.

175.
170.
164.
178.

|
1
|
I

5407.
5425.
5620.
5910.

4. 1
0 .3
3 .6
5 .2

2 2 .6
13.6
1 4 .2
1 3 .8

114.
110.
110.
1 1 2 -

119.
115.
109.
120.

1 9 7 1 - Q 1 _____
- Q 2 -------- Q 3 -------- Q 4 ---------

. |
-J
.|
. |

9097.
9275.
9596.
9800.

3 .9
2 .0
3 .5
2. 1

14.3
16.0
14.1
1 2.0

165.
161.
160.
159.

182.
180.
169.
164.

|
t
I
|

6079.
6154.
6253.
6527.

2 .9
1 .2
1.6
4 .4

12-4
13.4
11.3
10.4

n o ,.
1 07, .
104.
106.

122.
120.
110.
109.

1 9 7 2 - Q 1 _____
- Q 2 --------- Q 3 -------—Q 4 » . . .

. |
.|
.|
. |

10220.
10389.
10453.
10861.

4 .3
1 .6
0 .6
3 .9

1 2.4
1 2.0
8 .9
10.8

162.
161.
159.
165.

168.
162.
153.
168.

|
|
I
|

6796.
6750.
6959.
7380.

4.1
-0 .7
3 .1
6. 1

1 1 .8
9 .7
11.3
13. 1

108105.
106.
112.

111.
105.
102.
114.

1 9 7 3 - Q 1 _____
- Q 2 -------- Q 3 -------- Q 4 --------

. |
-|
-J
.|

1205812110.
14195.
14282-

11.0
0 .4
1 7.2
0 .6

1 8 .0
16.6
3 5 .8
3 1 .5

177.
173.
197.
188.

158.
158.
180.
171.

|
|
|
|

8333.
8373.
9849.
10144.

12.9
0 .5
1 7.6
3 .0

2 2 .6
2 4 .0
41 .5
3 7.5

1221 20 ..
136.
133.

109.
110.
125.
121.

1 9 7 4 - Q 1 _____
- Q 2 -------- Q 3 -------- Q 4 --------

.|
. |
.1
.|

13702..
13874.
15241.
14863.

-4. 1
1.3

171168.
173.
160.

156.
182.
193.
173.

|
|
|
|

9683.
9748.
10385.
9949.

-4 .5
0 .7
6 .5
-4 .2

16-2
16.4
5 .4
-1 .9

121118.
118107.

1

-2 .5

13 .6
14.6
7.4
4.1

1 9 7 5 - Q 1 _____
- Q 2 -------- Q 3 -------- Q 4 ---------

. |
.|
. |
.|

15038.
15801.
16366.
16900.

1.2
5.1
3 .6
3 .3

9 .8
13.9
7 .4
13 .7

155.
156.
158.
160.

184.
165.
160.
168.

|
|
|
|

10072.
10483.
10911.
11410.

1 .2
4. 1
4. 1
4 .6

4 .0
7-5
5. 1
14.7

104.
103.
105.
108-

123.
110.
107.
113.

1 9 7 6 - Q 1 _____
- Q 2 -------- Q 3 -------- Q 4 --------

i
.|
.|
.|
. |

17903.
1824018186.
18620.

5 .9
1.9
-0 .3
2 .4

19.1
1 5.4
1 1.1
10 .2

164.
162.
156.
154.

169.
163.
173165.

|
|
|
|

12044.
12569.
12376.
12516.

5 .6
4 .4
-1 .5
1. 1

1 9 .6
1 9.9
13.4
9 .7

110.
111.
106104.

113.
112.
118.
111.

20126.
20434.
19972.
19657.

8- 1
1 .5
-2 .3
-1 .6

1 2 .4
12-0
9 .8
5 .6

162.
160.
149.
143.

170.
178.
170.
147.

|
|
|
|

13459.
13765.
13447.
13043.

7 .5
2 .3
-2 .3
-3 .0

1 1.7
9 .5
8 .7
4 .2

109.
108.
100.
95.

114.
120.
115.
98.

1 9 7 8 - Q 1 _____
- Q 2 -------- Q 3 --------- Q 4 --------

.1
-|
.|
.|
I
-|
. J
. |
-|

21260.
2272924443.
25108-

8 .2
6 .9
7 .5
2 .7

5 .6
11.2
22 .4
2 7 .7

156.
166.
175.
172.

151.
155.
175.
161.

|
|
I
|

14242.
15500.
17212.
17813.

9 .2
8.8
11.1
3 .5

5 .8
12.6
2 8.0

36.6

104.
113.
123.
122.

101.
106.
123.
114.

1 9 7 9 - Q 1 _____
- Q 2 -------- Q 3 -------- Q 4 --------

-|
.|
,|
.1

26391.
28208.
29791.
32557.

5. 1
6 .9
5 .6
9 .3

24.1
24. 1
21-9
29 .7

175.
180.
183.
191.

156.
153.
169.
175.

|
|
|
|

18553.
20324.
21448.
23654.

4 .2
9 .5
5.5
10.3

3 0 .3
3 1.1
2 4 .6
32 .8

123.
130.
132.
139.

110.
111.
122.
127.

1 9 8 0 - Q 1 _____ . |
-Q2-------- Q 3 -------- . |
- Q 4 -------- . |

32029.
3167231860.
33344.

-1 .6
-1. 1
0 .6
4. 7

21 .4
1 2 .3
6 .9
2.4

175.
164.
162.
171.

165.
157.
140.
154.

|
|
|
|

22851.
21249.
21045.
23403.

-3 .4
-7 .0
1 1 .2

23 .2
4 .5
- 1 .9
-1 .1

125.
110.
107.
120.

117.
106.
93.
108.

1 9 6 1 - Q 1 _____ . |

35106.

5 .3

9 .6

176.

164.

|

24978.

6 .7

3.3

126.

117.

1 9 6 1 —Q l -------- Q 2 --------- Q 3 -------- Q 4 --------

.
.
.

1 9 6 2 - Q 1 _____
- Q 2 -------- Q 3 --------- Q 4 ---------

. |
.J
. |
. |

1 9 6 3 - Q 1 _____
- Q 2 --------- Q 3 --------- Q 4 --------

1 9 7 7 - Q 1 _____
- Q 2 --------- Q 3 -------- Q 4 --------

*

SEASONALLY-ADJUSTED

9.9

LOAN S O U T S T A N D I N G

AT

END

OF

PRECEDING

"NEW LOANS” ARE COMPUTED AS LOANS MADE LESS RENEWALS.




J

-1. J

io ­
n s .
132.
116.

Q UAR TER .

RENEWALS INCLUDE SOME NONAGRICULTURAL LOANS

(SEE NCTE ON PAGE 8).

13

TABLE 212. 3Q

PRODUCTION CREDIT ASSOCIATIONS
LOANS MADE f i}‘ V NEW LOANS
FOUR-QUART*’ MOVING TOTAL

1
1
1
.
YEAR
| MILLIONS
ENDING—
1
OF
1 DOLLARS
(
i.
1
1961-Q1____ |
2703.
2740.
-Q2.... |
2793.
-Q3---- |
-Q4.---- i
2869-

LOANS MADE
CHANGE FROM
PREVIOUS YEAR

NEW LOANS
AS PERCENTAGE OF

..

MILLIONS
OF
DOLLARS

(
CHANGE FROM
| MILLIONS |
PREVIOUS YEAR
|
OF
1
COLLEC­ | DOLLARS | MILLIONS
TIONS
PERCENT
|
OF
I DOLLARS

AS PERCENTAGE OF
1
1
1
1 LOANS OUT­ COLLEC­
TIONS
1 STANDING*
I

PERCENT

LOANS OUT­
STANDING*

151.
172.
224.
262.

5.9
6.7
8.7
10.0

172.
171.
170.
170.

150.
151.
152.
151.

|
|
|
|

1938.
1964.
2002.
2062.

52.
88.
141.
183.

2-8
4.7
7.6
9.8

123.
122.
122.
123.

108.
108.
109.
109.

1962-Q1.... I
~ Q 2 .... I
-Q3---- 1
-Q4.... 1

2936.
3021.
3090.
3217.

232.
281.
298.
348.

8.6
10.3
10.7
12.1

170.
172.
171.
174.

151.
153.
152.
153.

|
|
|
|

2096.
2155.
2211.
2312.

158.
190.
209.
250.

8. 1
9.7
10.5
12.1

122.
122.
122.
125.

108.
109.
109.
110.

1963-Q1---- |
-Q2.... |
-Q3---- |
-Q4,.... 1

3320.
3422.
3487.
3551,.

384.
401.
397.
333.

13.1
13.3
12.8
10.4

175.
174.
171167.

157.
159.
159.
158.

|
I
I
|

2382.
2458.
2507.
2518.

286.
303.
296.
206.

13.6
14. 1
13.4
8.9

125125.
123.
119.

112.
114.
115.
112.

1964-Q1.... (
-Q2.... |
-Q3---- |
-Q4.... I

3645.
3671.
3673.
3705.

325.
249.
186.
154.

9-8
7.3
5.3
4.3

167.
163.
159.
157.

158.
1 sais?.
156.

|
|
|
|

2557.
2565.
2553.
2549.

176.
107.
46.
31.

7.4
4.3
1.8
1.2

117.
114.
111.
108.

111.
110.
109.
107.

1965-Q1.... 1
-Q2---- 1
-Q3.... |
-Q4---- |

3756.
3850.
3948.
4136.

111.
180.
275.
430.

3.1
4.9
7.5
11.6

156.
157.
158.
162.

157.
158.
158.
160.

I
|
|
|

2564.
2643.
2734.
2889.

7.
79.
180.
340.

0-3
3. 1
7.1
13.3

107.
108.
109.
113.

107.
109.
110.
112.

1966-Q1____ |
-Q2.... I
-Q3---- |
-Q4---- |

4369.
4527.
4688.
4813.

613.
677.
740.
678.

16.3
17.6
18.7
16.4

166.
166.
166.
165.

161.
162.
159.
162-

|
J
|
|

30683205.
3341.
3419.

504.
562.
607.
530.

19.6
21.2
22.2
18.3

116.
118.
118.
117.

113.
115.
113.
115.

1967-Q1.... |
-Q2.... i
-Q3.... I
-Q4.... |

4985.
5129.
5221.
5428.

616.
602.
533.
615-

14. 1
13.3
11.4
12.8

164.
163.
159.
160.

166.
168.
166.
167.

J
|
|
(

3491.
3570.
3619.
3766-

423.
365.
278.
348.

13.8
11.4
8.3
10.2

115.
113.
110.
111.

116.
117.
115.
116.

1968-Q1____ |
-Q2---- |
-Q3---- |
-Q4.... |

5632.
5752.
5870.
6053.

647.
623.
649.
625.

13.0
12.1
12.4
11.5

160,.
158.
156.
157.

167.
168.
165.
163.

|
|
|
|

3842.
3865.
3925.
4020.

351.
295.
306.
254.

10-1
8-3
8.4
6.7

109.
106.
104.
104.

114.
113.
110.
108.

1969-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... 1

6254.
6529.
6727.
7077.

622.
777.
857.
1024.

11.0
13.5
14.6
16.9

159.
162.
162.
166.

166.
167.
167.
171.

|
|
|
J

4147.
4383.
4562.
4823.

305.
519.
637.
803.

7.9
13-4
16.2
20.0

106..
109.
110.
113.

110.
112.
113.
116.

1970-Q1.... |
-Q2.... 1
-Q3.... 1
-Q4---- |

7508.
7742.
7987.
8277.

1254.
1213.
1260.
1199.

20.0
18.6
18.7
16.9

169.
167.
165.
165.

174.
174.
171.
172.

|
|
|
I

5095.
5254.
5415.
5608.

948.
870.
853.
786.

22.9
19.9
18.7
16.3

115.
113.
112.
112.

118.
118.
116.
117.

1971-Q1.... |
-Q2.... 1
-Q3.... |
-Q4.... (

8617.
89239158.
9421.

1109.
1181.
1170.
1145.

14.8
15.3
14.7
13.8

165.
164.
162.
160.

175.
178.
178.
173.

|
|
|
|

5778.
5961.
6112.
6269.

683.
707.
697.
661.

13.4
13.5
12.9
11.8

111.
110.
108.
106.

117.
119.
119,.
115.

1972-Q1____ |
-Q2---- 1
-Q3---- |
-Q4---- 1

9759.
10021.
10197.
10439.

1142.
1098.
1040.
1017.

13.2
12.3
11.4
10.8

160.
160.
160.
161.

170.
167.
162.
163.

|
|
|
|

6452.
6608.
6760.
6976.

674.
647.
648.
707..

11.7
10.9
10.6
11.3

106.
106.
106.
107.

112.
110.
108.
109.

1973-Q1____ |
-Q2---- |
~Q3---- |
-Q4.... 1
1
1974-Q1.... |
-Q2.... |
-Q3---- 1
-Q4.... |
I
1975-Q1____ |
-Q2.... |
-Q3.... |
-Q4---- l

10982.
11420.
12154.
13028.

1223.
1399.
1956.
2590.

12.5
14.0
19-2
24.8

166.
169.
175.
181.

161161.
166.
165.

|
|
|
|

7400.
7799.
8411.
9123.

948.
1191.
1651.
2147.

14.7
18.0
24.4
30.8

112.
115.
121.
127.

108.
110.
115.
116.

13518.
13996.
14206.
14359.

2536.
2576.
2052.
1331.

23.1
22.6
16.9
10.2

180.
179.
173.
166.

164.
169.
173.
174.

|
|
|
|

9493.
9873100139981.

2093.
2073.
1602.
858.

28.3
26.6
19.0
9-4

127.
126122115.

115.
119.
122.
121.

14744.
15256.
15472.
15997.

1226.
1260.
1266.
1638.

9.1
9.0
8.9
11.4

163160.
156.
156.

181.
178.
171.
168.

|
|
|
|

10000.
10238.
10375.
10748.

507.
366.
362.
767.

5.3
3.7
3.6
7.7

110.
108.
105.
105.

123.
120.
115.
113.

1976-Q1____ |
-Q2.... 1
-Q3.... |
-Q4---- 1

16868.
17519.
17862.
18256.

2124.
2263.
2390.
2259-

14.4
14.8
15.4
14.1

160.
162.
160.
158.

166.
167.
170.
168.

|
|
|
|

11262.
11824.
12124.
12369.

1262.
1586.
1749.
1621.

12.6
15.5
16.9
15.1

107.
109.
109107.

111.
113.
115.
114.

1977-Q1---- |
-Q2.... |
-Q3---- 1
-Q4.... |
I
1978-Q1.... |
-Q2.... \
-Q3---- 1
-Q4---- |

18935.
19510.
19844.
20049.

2066.
19911982.
1794.

12.2
11.4
11. 1
9.8

159159.
156.
152.

169.
172.
172.
165.

|
|
|
|

12721.
1307313311.
13420.

1459.
1249.
1186.
1050.

13.0
10.6
9.8
8.5

107.
106.
105.
102.

113.
115.
115.
110.

20429.
21013.
21869.
23198.

1494.
1502.
2025.
3148.

7.9
7.7
10.2
15.7

152.
154.
158.
165.

160.
156.
157.
159.

|
|
|
|

13644.
14070.
14828.
16036.

923.
9971517.
2616.

7.3
7.6
11.4
19.5

101.
103.
107.
114.

107.
104.
106.
110.

1979-Q1---- |
-Q2.... |
-Q3---- |
-Q4.... |
1
1980-Q1____ |
-Q2.... |
-Q3.... |
**Q4.... |
I
1981-Q1____ |
II

24755.
26152.
27190.
29027.

4326.
5139.
5321.
5830.

21.2
24.5
24.3
25.1

172.
176.
176.
180.

161.
161.
160.
162-

|
|
J
|

17267.
18490.
19369.
20875.

36234420.
4542.
4640.

26.6
31-4
30.6
30.2

120.
124.
125.
130.

112.
114.
114.
117.

30704.
31578.
31984.
32289.

5949.
5427.
4794.
3262.

24.0
20.8
17.6
11.2

182.
178.
171.
168.

165.
167.
159.
154.

|
|
J
|

22030.
22358.
22414.
22455.

4763.
3867.
3045.
1580.

27-6
20.9
15.7
7.6

130.
126.
120.
116.

119.
118.
112.
107.

33243.

2540.

8.3

169.

155.

|

23034.

1003.

4.6

117.

107.

* AVERAGE LOANS OUTSTANDING DURING THE PRECEDING FOUR QUARTERS (AVERAGE OF END-OF-QUARTER DATA).
"WPW T.OS1SS"




rononTpn AS LOANS MADE LESS RENEWALS.

RENEWALS INCLUDE SOME NON AGRICULTURAL LOANS

(SEE NOTE ON PAGE 8)

14

If.I'L l

a 13.

?J
:?.oj:ic;r:iCN c r e d i t a s s o c i a t i o n s
RENEWALS AND COLLECTIONS
COLLECTIONS

?ENEwAL3
| MILLIONS \
i
AS PERCENTAGE OF
I
OF
|
_
i .......
LOANS
COLLECTIONS | DOLLARS |
| LOANS OUT1 STANDING*
MADE
AND RENEWALS i
1

QUARTER

| MILLIONS |
|
OF
|
| DOLLARS I
1
1

OUARTER

YEAR

OUARTER

YEAR

1961-Q1....
-Q2----Q3....
-Q4....

|
1
|
I

273.
163.
121.
250.

17.0
-40. 5
-25.7
106.6

15.4
7.0
14.2
6.8

18.
10.
7.
14.

34.
24.
22.
30.

41.
34.
2125.

|
|
|
|

394.
32 2.
448.
733.

-41.5
-18.1
39.0
63.6

11.5
6.3
4.3
8.9

26.
20.
25.
41.

1962-Q1----Q2....
-Q3....
-Q4....

J
|
|
I

307.
189.
134.
276.

22.7
-38.2
-29.4
106.7

12.1
16.3
10.5
10.6

19.
11.
7.
14.

35,
25.
21.
29.

41.
35.
21.
26.

|
I
|
|

438.
352.
510.
806.

-40.3
-19.6
44.9
58.0

11.2
9.2
13.8
9,9

26.
20.
26.
41.

1963-Q1....
-Q2....
-Q3....
-Q4----

I
|
|
i

339.
215.
150.
329.

22.6
-36.4
-30.5
119.9

10.5
13.8
11.9
19.1

18.
11.
7.
14.

35.
25.
21.
32.

43.
36.
21.
28.

|
J
I
|

453.
379.
549.
865.

-43.7
-16.4
44.6
57.7

3.6
7.8
7.6
7.4

24.
19.
24.
38.

1964-Q1....
-Q2....
-Q3....
-Q4....

|
|
|
i

3 94.
234.
163.
366.

19.7
-40.6
-30.3
124.5

16.3
8.5
8.8
11.1

19.
10.
6.
15.

37.
26.
23..
35.

43.
37.
23.
29.

|
|
|
|

514.
401.
554.
90 a.

-40.6
-22.0
38.3
62.9

13.4
5.6
1.0
4.4

24.
18.
22.
36.

1965-Q1....
-Q2....
-Q3....
-Q4....

|
|
|
|

430.
248.
170.
399.

17.6
-42.3
-31.6
134.7

9.3
6.2
4.3
9.0

19.
10.
6.
14.

39.
25.
21.
32.

45.
36.
22.
29.

|
|
|
|

533.
440.
616.
995.

-41.0
-17.5
40.1
61.6

3.6
9.7
11.1
10.2

23.
18.
22.
36.

1966-Q1....
-Q2....
-Q3....
-Q4....

|
|
|
|

485.
269.
195.
446.

21.6
-44. 5
-27.5
128.9

12.7
8.3
14.8
11.9

19.
106.
14.

36.
24.
20.
33.

43.
34.
20.
31.

|
|
|
|

655.
533.
768.
1015.

-34.2
-18.5
44. 1
32.1

22,9
21.2
24.7
1.9

25.
19.
24.
32.

1967-Q1....
-Q2....
-Q3....
-Q4....

|
|
|
|

584.
335.
237.
506.

30.9
-42. 7
-29.1
113.1

20.5
24.4
21.8
13.4

19.
10.
6.
14.

38.
26.
23.
32.

46.
36.
22.
31.

|
|
|
I

684.
591.
853.
1121.

-32.6
-13.5
44.3
31.4

4.5
10.9
11.1
10.5

22.
18.
23.
31.

1968-Q1....
-Q2....
-Q3....
-Q4....

|
|
|
|

712.
432.
296.
59-3.

40.8
-39.4
-31.6
100.7

22.0
29.1
24.6
17.3

20.
11.
7.
15.

41.
31.
25.
34.

47.
40.
23.
32.

|
J
|
J

797.
655.
983.
1281.

-28.9
-17.9
50.1
30.3

16,6
10.7
15,2
14.2

22.
17.
24.
32.

1969-Q1....
-Q2....
-Q3----Q4----

|
|
|
1

786.
471.
315.
683.

32. 5
-40. 1
-33.0
116.5

10.3
9.0
6.6
15.1

20.
11.
7.
15.

41.
28.
23.
32.

48.
37.
22.
33.

|
|
|
|

850.
787.
1107.
1396.

-33.6
-7.4
40.7
26. 1

6.6
20.2
12.7
9.0

22.
19.
24.
31.

1970-Q1....
-Q2----Q3....
-Q4....

|
|
|
I

944.
547.
399.
779.

38.3
-42.1
-27.0
95.1

20.1
16.1
26.6
14.1

21.
11.
7.
15.

40.
29.
25.
33.

48.
37.
23.
34.

|
|
|
|

1029.
930.
1308.
1533.

-26.3
-9.6
40.7
17.2

21.1
18. 1
18. 1
9.8

23.
19.
24.
29.

1971-Q1____
-Q2....
-Q3....
-Q4....

|
|
i
|

1115.
670.
483.
885.

43.2
-39.9
-27.9
83.3

18.1
22.5
20.9
13.7

21.
12.
8.
14.

41.
30.
26.
33-

49.
39.
25.
33.

|
I
|
|

1149.
1033.
1442.
1833.

-25.0
-10.0
39.5
27.1

11.7
11-2
10.2
19.6

22.
18.
23.
30.

1972-Q1....
-Q2....
-Q3....
-Q4....

|
|
|
|

1269.
776.
507.
910.

43.4
-38.9
-34.6
79.5

13.8
15.9
5.1
2.9

21.
12.
7.
14.

42.
31.
25.
31.

47.
37.
23.
32.

I
1
|
|

1439,
1304.
1708.
1973.

-21.5
-9.4
31.0
15.5

25.2
26.2
18.5
7.6

24.
20.
2530.

1973-Q1....
-Q2....
-Q3....
-Q4....

(
|
|
|

1389.
815.
630.
1072.

52. 5
-41.3
-22. 7
70.3

9.4
5.0
24. 1
17.8

21.
12.
8.
14.

39.
28.
23.
28.

43.
34.
25.
30.

|
|
1
|

1854.
1571.
1938.
2529.

-6.0
-15.2
23.4
30.5

28.8
20.5
13.5
28.2

28,
23.
26.
33.

1974-Q1....
-Q2....
-Q3....
-Q4....

|
|
I
|

1509.
913.
699.
1257.

40.7
-39.5
-23.4
79.8

8.6
12.1
11.0
17.2

19.
11.
8.
13.

37.
27.
24.
32.

41.
36.
27.
33.

|
|
|
|

2203.
1597.
1888.
2585.

-12.9
-27.5
18.2
36.9

18.8
1.7
-2.6
2.2

28.
19.
21.
27.

1975-Q1.... |
-Q2.... 1
-Q3.... J
-Q4---- ,|

1876.
1187.
778.
1409.

49.2
-36.7
-34.5
81.2

24.3
30.0
11.3
12.1

20.
12.
7.
13.

42.
30.
24,
32-

48.
37.
25.
32.

|
|
|
|

2069.
2022.
2379.
3031.

-20.0
-2.3
17.6
27.4

-6- 1
26.6
26.0
17.2

22.
20.
22.
28.

1976-Q1____ |
-Q2.... |
-Q3.... ,|
-Q4.... ,|

2233.
1275.
820.
1557.

58.5
-42.9
-35.7
89.8

19. 1
7.5
5.5
10.5

21.
11.
7.
13.

42.
28.
23.
32.

45.
35.
26.
31.

|
I
J
|

2709.
2390.
2385.
3403.

-10.6
-11.8
-0.2
42.7

30.9
18.2
0.3
12.3

25.
22.
20.
28.

1977-Q1____
-Q2.... ,|
-Q3....
-Q4.... ,J

2561.
1499.
916.
1654.

64.4
-41.5
-38.9
80.5

14.7
17.6
11.7
6.2

21.
12.
7.
12.

43.
2924.
33.

46.
38.
26.
29.

|
i
I
i

30552480.
2620.
4010.

-10.2
-18.8
5.6
53. 1

12.8
3.7
9.8
17.8

25.

1978-Q1.... ,(
-Q2- -....|
-Q3....
-Q4.... ,|

2716.
1657.
1015.
1775-

64. 2
-39.0
-38.8
74.9

6.1
10.5
10.8
7.3

20.
12.
7.
12.

43.
29.
22.
28.

4334.
25.
28.

|
|
|
|

3669.
3193.
3074.
4678.

-8.5
-13.0
-3.7
52.2

20.1
28.8
17.3
16.7

27.
24.
2131.

1979-Q1.... .|
-Q2.... ,|
-Q3....
-Q4....

3041.
1830.
1174.
2106.

71.4
-39.8
-35.9
79.4

12.0
10.5
15.7
18.7

20.
12.
7.
12.

38.
26.
20.
26.

41.
31.
23.
27.

|
|
|
|

4440.
4018.
3852.
5567.

-5. 1
-9.5
-4. 1
44.5

21.0
25. 8
25. 3
19.0

30.
26.
23.
32.

1980-Q1.... ,|
-Q2.... .|
-Q3.... .|
-Q4---- ,|

3563.
2378.
1523.
2370.

69. 1
-33.3
-35.9
55. 6

17.1
29.9
29.7
12.5

20.
13.
8.
12-

37.
30.
25.
23.

41.
35.
23.
27.

|
|
|
|

5136.
4405.
4961.
6454.

-7.7
-14.2
12.o
30. 1

15.7
9.6
23.3
15. 9

28.
23.
25.
32-

1981-Q1.... .|

3938.

66.2

10.5

20-

37.

41.

|

5679.

-12.0

13.0

29.

PERCENTAGE CHANGE
FROM PREVIOUS

* LOANS OUTSTANDING AT AND OF ?R3CECI.V3

.'JAVIER.

RENEWALS AND COLLECTIONS INCLUDE SOME .i^U AG It. L'LIUR AL LOANS




(SEE NOTE ON PAGE 8)

PERCENTAGE CLANGS
FROM PREVIOUS

{
AS ?ER| CZNTAGE CF
J LOANS : jt 1 STANDING*

19.
28.

1.5
TABLE 213.2Q
PRODUCTION CREDIT ASSOCIATIONS
RENEWALS AND COLLECTIONS
SEASONALLY-ADJUSTED ANNUAL RATE

RENEWALS
QUARTER

MILLIONS |
OF
|
DOLLARS |
i
1

PERCENTAGE CHANGE
FROM PREVIOUS
QUARTER

YEAR

COLLECTIONS

]
AS PERCENTAGE OF
| MILLIONS |
|
I
OF
|
LOANS
COLLECTIONS | DOLLARS |
1 LOANS OUT­
I STANDING*
MADE
AND RENEWALS 1
1

PERCENTAGE CHANGE
FROM PREVIOUS
QUARTER

YEAR

J
AS PER­
| CENTAGE OF
I LOANS OUT­
1 STANDING*

1961-Q1....
-Q2....
-Q3----Q4....

781.
775.
842.
850.

-1. 1
-0.7
8.6
0.9

14.5
6.0
14.8
7.6

49.
47.
50.
49.

28.
28.
29.
29.

30.
29.
31.
30.

|
|
|
|

1827.
1860.
1879.
1981..

-0.3
1.8
1.0
5.4

10.4
6. 1
5. 9
8.0

114.
112.
111.
114.

1962-Q1....
-Q2.... |
-Q3.... |
-Q4.... |

878.
901.
94 0,.
940.

3.3
2.7
4.3
-0. 1

12.4
16.3
11.7
10.6

49.
50.
50.
49.

29.
29.
28.
27.

30.
31.
31.
30.

|
|
I
|

2030.
2019.
2119.
2173.

2.5
-0.5
4.9
2.6

11. 1
8.5
12.8
9.7

114.
111.
114.
113.

J
|
|
|

964.
1015.
1065.
1107.

2. 6
5.3
4. 9
4.0

9.9
12.6
13.2
17.8

48.
49.
49.
50.

28.
29.
29.
31.

32.
32.
32.
32.

|
|
|
|

2077.
2165.
2291.
2347.

-4.4
4.2
5.8
2.5

2.3
7.2
8. 1
8.0

104,.
104.
106.
105.

1964-Q1____ |
-Q2---- |
-Q3.... |
-Q4. ... .|

1110.
1114.
1172.
1221.

0.3
0. 4
5.2
4. 2

15.1
9.8
10.1
10.3

49.
48.
49.
50.

30.
31.
32.
33.

32.
33.
34.
33.

|
|
|
|

2345.
2265.
2296.
2500.

-0.1
-3.4
1.4
8.9

12.9
4.6
0.2
6.5

103.
97.
97.
102.

1965-Q1----Q2....
-Q3----Q4----

|
|
|
J

1211.
1182.
1231.
1322.

-0.9
-2.3
4. 1
7.4

9.1
6.1
5.0
8.3

49.
47.
48.
49.

31.
29.
29.
30.

33.
32.
33.
32.

|
|
|
|

2427.
2458.
2496.
2819.

-2.9
1.3
1.5
13.0

3. 5
8. 5
8. 7
12.8

99.
99.
97.
105.

1966-Q1----Q2....
-Q3----Q4----

1347.
1288.
1418.
1516.

1.9
-4. 4
10. 1
6.9

11.2
8.9
15.2
14.7

49.
45.
48.
49.

29.
27.
28.
31.

31.
31.
32.
34.

|
|
|
|

2981.
2929.
3064.
2935.

5.7
-1.8
4.6
-4.2

22.8
19.2
22.8
4.1

108.
103.
103.
95.

1967-Q1....
-Q2.---Q3....
-Q4----

|
J
|
|
I
|
1
|
|

1610.
1604.
1720.
1758.

6.2
-0.4
7.2
2. 2

19.5
24.6
21.3
15.9

50.
48.
50.
49.

31.
30.
31.
31.

34.
33.
34.
35.

|
|
|
|

3113.
3185.
3351.
3325.

6.0
2.3
5.2
-0.8

4.4
8.8
9.4
13.3

97.
96.
97.
93.

1968-Q1....
-Q2,---Q3....
-Q4....

i
|
|
|

1950.
2017.
2121.
2129.

11.0
3.4
5.1
0.4

21.1
25.7
23.3
21.1

52.
53.
55.
54.

33.
35.
35.
33.

35.
37.
36.
35.

|
|
|
I

3616.
3451.
3799.
3899.

8.8
-4.6
10.1
2.6

16.2
8-4
13.4
17.3

97.
91.
98.
98.

1969-Q1....
-Q2....
-Q3....
-Q4....

|
|
|
|

2128.
22092233.
2455.

-0. 1
3.8
1.0
9.9

9.1
9.5
5.3
15.3

53.
53.
51.
54.

33.
32.
31.
32.

36.
35.
35.
36.

|
|
|
|

3800.
4060.
42354355.

-2.6
6.9
4.3
2.8

5. 1
17.6
11.5
11.7

94.
97.
97.
97.

1970-Q1.___
-Q2....
-Q3....
-Q4....

|
|
|
1

2554.
2570.
2791.
2844.

4.0
0.6
8.6
1.9

20.0
16.3
25.0
15.9

54.
52.
55.
54.

32.
32.
33.
32.

36.
35.
35.
37.

i
|
|
|

4546.
4706.
5138.
4910.

4.4
3.5
9.2
-4.5

19.6
15.9
21.3
12. 7

96.
96.
101.
93.

1971-Q1____
-Q2....
-Q3....
-Q4----

|
|
|
|
1
|
|
1
|

3017.
3121.
3343.
3273.

6. 1
3.4
7. 1
-2.1

18.2
21.4
19.8
15.1

55.
54.
56.
53.

33.
34.
35.
33.

38.
38.
37.
35.

|
|
|
|

4989.
5148.
5670.
5962.

1.6
3.2
10.1
5.1

9.8
9.4
10.4
21.4

90.
89.
94.
97.

3424.
3638.
3494.
3482.

4.6
6.3
-4.0
-0. 4

13.5
16.6
4.5
6.4

54.
56.
53.
53.

34.
35.
33.
32.

36.
36.
34.
35.

|
|
|
|

6096.
6420.
6819.
6480.

2.2
5.3
6.2
-5.0

22.2
24.7
20.3
8.7

97.
99.
104.
98.

1973-Q1.... |
“Q2..... |
-Q3.... ,|
-Q4.... ,|

3725.
3737.
4346,.
4138-

7.0
0.3
16.3
-4. 8

8.8
2.7
24.4
18.9

55.
53.
60.
54.

31.
31.
31.
29.

33.
33.
35.
33.

|
|
|
|

7616.
7643.
7902.
8357.

17.5
0.3
3.4
5.8

24.9
19.0
15.9
29.0

112.
109.
109.
110.

1974-Q1.... ,|
-Q2.... .(
-Q3,--- .|
-Q4....
I
1975-Q1---- .|
-Q2---- ,|
-Q3___ .1
-Q4---- .|
t
1976-Q1---- .|
-Q2----Q3----.|
-Q4----.|
I
1977-Q1___ .|
-Q2----.j
-Q3-----i
-Q4--- .J

4019.
4126.
4855.
4914.

-2.9
2.7
17.7
1.2

7.9
10.4
11.7
18.7

50.
50.
55.
53.

29.
30.
32.
33.

31.
35.
38.
36.

|
|
|
|

8768.
7633.
7889.
8594.

4.9
-12.9
3.4
8.9

15. 1
-0. 1
-0.2
2.8

109.
92.
90.
92.

4966.
5318.
5456.
5490.

1.1
7. 1
2.6
0. 6

23.6
28.9
12.4
11.7

51.
52.
53.
52.

33.
34.
33.
32.

38.
36.
35.
35.

|
|
|
|

8156.
9566.
10202.
10074.

-5. 1
17.3
6.6
-1.3

-7.0
25. 3
29.3
17-2

84.
94.
98.
95.

5859.
5671.
5810.
6104.

6.7
-3.2
2.5
5.1

18.0
6.6
6.5
11.2

54.
50.
50.
51.

33.
31.
32.
33.

36.
34.
36.
35.

|
|
|
|

10619.
11174.
10487.
11310.

5.4
5.2
-6. 1
7.9

30.2
16.8
2.8
12.3

97.
99.
90.
94.

6668.
6669.
6525.
6613.

9.2
0.0
-2.2
1.4

13-8
17.6
12.3
8.3

54.
5249.
48.

3333.
33.
34.

36.
37.
36.
33.

|
|
|
1

11853.
11468.
11721.
13373-

4.8
-3.2
2.2
14.1

11.6
2.6
11.8
18.2

96.
90.
88.
97.

7018.
7230.
7231.
7295.

6.1
3.0
0.0
0.9

5.3
8-4
10.8
10.3

51.
53.
52.
50.

33.
32.
30.
29.

33.
33.
34.
32.

J
|
|
|

14058.
14667.
13943.
15622.

5.1
4.3
-4.9
12.0

18. 6
27.9
19.0
16.8

103.
107.
100.
107.

7838.
1979-Q1.... .(
7884.
-Q2--- .|
8343-Q3--- .|
-Q4--- -|
8903i
9178.
1980-Q1--- .|
-Q2--- .| 10424.
-Q3--- -| 10815.
9941.
-Q4--- -|
I
1981-Q1___ -| 10128.
J__

7.4
0.6
5.8
6.7

11.7
9.1
15.4
22-0

52.
50.
51.
52.

30.
28.
28.
27.

32.
30.
32.
32.

|
|
|
|

16936.
18392.
17624.
18646.

8.4
8.6
-4.2
5.8

20. 5
25.4
26.4
19.4

112.
117.
108.
109.

3. 1
13.6
3.8
-8. 1

17.1
32.2
29.6
11.7

50.
54.
55.
51.

29.
33.
34.
30.

32.
34.
32.
31.

J
|
|
|

19448,.
20137.
22706.
21664.

4.3
3.5
12.6
-4.6

14.8
9.5
28.8
16. 2

106.
104.
115.
111.

1.9

10.3

51.

29.

32.

|

21399.

-1.2

10.0

108.

1963-Q1....
-Q2----Q3....
-Q4....

1972-Q1----Q2....
-Q3----Q4....

1978-Q1---Q2---Q3---Q4---

.|
.|
.|
•|

* SEASONALLY-ADJUSTED LOANS OUTSTANDING AT END OF PRECEDING QUARTER.
RENEWALS AND COLLECTIONS INCLUDE SOME NONAGRICULTURAL LOANS




(SEE NOTE ON PAGE 8} .

16

'RODUCTION ChEDIT ASSOCIATIONS
RENEWALS AND COLLECTIONS
POOR-QUARTER MOVING TOTAL

TABLE 21J.3Q

RENEWALS
I
I
YEAR
| MILLIONS
ENDING—
|
OF
I DOLLARS
l
1
1
7651961-Q1____ |
776.
-Q2.... |
791.
-Q3.... |
807.
-Q4.... |
I
8401962-Q1.... J
867.
- Q 2 .... |
879.
-Q3---- |
906.
-Q4---- |
I
938.
1963-Q1____ |
964.
-Q2..... |
980.
-Q3.... |
1033.
-Q4.... |
I
1964-Q1.... |
1088.
1106.
-Q2.... |
-Q3---- |
1119.
1156.
-Q4.... |
I
1965-Q1.... |
1193.
1207.
-Q2.... I
1214.
-Q3.... |
1247.
-Q4.... |
I
1966-Q1.... |
1301,.
-Q2.... |
1322.
1347.
-Q3.... |
-Q4... .- |
1395.
I
1494.
1967-Q1.... |
1560.
-Q2.... |
1602-Q3.... |
1662.
-Q4.... 1
1
1790.
1968-Q1.... |
1887.
-Q2---- 1
-Q3---- 1
1946.
-Q4---- |
2033l
1969-Q1____ |
21072145.
-Q2.... |
2165.
-Q3---- 1
-Q4---- 1
2255.

CHANGE FROM
I
PREVIOUS YEAR
J
1
| MILLIONS
OF
PERCENT
1
1 DOLLARS

!
I
|
|
I

COLLECTIONS

CHANGE FROM
i
1
| MILLIONS |
PREVIOUS YEAR
AS PERCENTAGE OF
1
OF
|
LOANS
COLLECTIONS | DOLLARS | MILLIONS
LOANS OUTPERCENT
STANDING*
MADE
AND RENEWALS 1
OF
1
_
1
1 DOLLARS

Jl
AS
| PERCENTAGE
OF
Il
I| LOANS OUT| STANDING*
JI

99.
84.
84.
78..

14.9
12.2
11.8
10.7

4948.
48.
48.

28.
28.
28.
28.

30.
30.
30.
30.

|
|
|
|

17991818.
1837.
1897.

109.
105.
115.
138.

6.5
6. 1
6.7
7.9

114.
113.
112.
. 113.

75.
91.
88.
99.

9.8
11.7
11.2
12.2

49.
49.
49.
49.

29.
29.
28.
28.

30.
31.
30.
30.

|
|
|
|

1941.
1971.
2032.
2105.

142.
152.
195.
208.

7.9
8.4
10.6
11.0

113.
112.
113114.

98.
97101.
127.

11.7
11.2
11.4
14.0

49.
49.
48.
49.

28.
28.
2829.

31.
31.
31.
31.

I
|
J
|

2121.
2148.
2187.
2247.

180.
178.
155.
142.

9.3
9.0
7. 6
6.7

112.
109.
107.
106.

150.
142.
139.
123.

16.0
14.7
14.2
11.9

50.
49.
48.
49.

30,.
30..
30.
31.

32.
32.
32.
33.

|
|
|
|

2307.
2328.
2334.
2372.

186.
180147.
126.

8..8
8.4
6.7
5.6

105.
103.
101.
100.

105.
101.
95.
91.

9.6
9.1
8.5
7.9

50.
49.
49.
49.

32.
31.
31.
30,.

33.
3333.
33.

|
|
|
|

2391.
2430.
2491.
2584.

84.
101.
157.
212.

3.6
4.4
6.7
8.9

99.
99.
100.
101.

109.
115.
133..
148.

9.1
9..5
11.0
11.9

49.
49.
48.
48.

30.
29.
29.
29.

32.
32.
31.
32.

|
|
|
|

2706.
2799.
2951.
2971.

315.
369.
460.
387.

13.2
15.2
18.5
15.0

103103.
104102.

193.
238.
255.
267.

14.8
18.0
18.9
19.1

49.
49.
49.
49.

30.
30.
31.
31.

33.
34.
34.
34.

|
|
|
|

3000.
3058.
3143.
3250.

294.
259.
192.
279.

10.9
9.3
6.5
9-4

99.
97.
96.
96.

296,.
328.
344.
371.

19.8
21.0
21.5
22.3

51.
5252.
53.

3233.
33.
34.

35.
36.
3535.

|
|
1
|

3363.
3426.
3556.
3715.

363.
368.
412.
465.

12,. 1
12.0
13. 1
14.3

95.
9495.
96.

317.
258.
219.
221.

17.7
13.7
11.3
10.9

54.
53.
52.
53.

34.
33.
32.
32.

36.
35.
35.
35.

|
|
|
|

3767.
3900.
4025.
4140.

404,.
474.
469.
425.

12-0
13.8
13.2
11.4

9697.
97.
97.

1970-Q1.... |
-Q2____ 1
-Q3;--- 1
-Q4.... |

2413.
2488.
2572.
2668.

306.
343.
407.
414.

14.5
16.0
18.8
18-4

54.
54.
53.
53.

32.
3232.
32.

36.
36.
36.
36.

|
|
|
|

4319.
4462.
4662.
4799.

552.
562.
637..
659.

14.6
14.4
15.8
15.9

97.
9697.
96.

1971-Q1.... |
-Q2.... I
-Q3..... I
-Q4.... |

2839.
2962.
3046.
3152.

427.
474473.
484.

17.7
19.0
18.4
18.1

54.
55.
54.
54.

33.
33.
33.
33,.

37.
37.
37.
37.

|
|
|
|

4919.
5022.
5156.
5456.

600.
561.
494.
658.

13.9
12.6
10.6
13.7

94.
93.
91.
93.

1972-Q1---- |
-Q2..... 1
-Q3.... |
-Q4.... |

3306.
3413.
3437.
3463.

467.
451.
392.
311.

16.5
15.2
12.9
9.9

54.
55.
54.
53.

34.
34.
34.
33.

37.
36.
35.
35.

|
|
)
|

5746.
6017.
6283.
6423.

828.
994.
1127.
967.

16.8
19.8
21.9
17.7

94.
96.
98,
99.

1973-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... |

3582362137433905.

276.
208.
306.
442.

8.3
6.1
8,.9
12.8

54.
54.
54.
54.

33.
32.
31.
30.

34.
34.
3433.

|
|
|
|

6838.
7106.
7336.
7892.

1092.
1089.
1052.
1469.

19.0
18. 1
16.7
22.9

103.
105.
106.
110.

1974-Q1____ |
-Q2.... 1
-Q3---- |
-Q4---- |
II
1975-Q1.... |
-Q2.... |
-Q3.... 1
-Q4.... |t
1
1976-Q1.... ||
-Q2.... I|
-Q3,.... ||
-Q4---- ||
II
1977-Q1.... ||
-Q2.... ||
-Q3---- ||
-Q4.... ||

4025.
4124.
4193.
4378.

443.
503.
450.
472.

12.4
13.9
12.0
12.1

54.
53.
51.
51.

30.
29.
30.
30.

33.
33.
34.
35.

I
|
I
|

8241.
8267.
8217.
8273.

1403.
1162.
882.
381.

20,. 5
16.3
12.0
4.8

110.
106.
100.
96.

4744.
5018.
5097.
5249.

719.
894.
904.
871.

17.9
21.7
21.6
19.9

52.
53.
51.
51.

32.
33.
33.
33.

37.
37.
36.
36.

J
|
|
|

8140.
85659056.
9501.

-101.
297.
838.
1228.

-1.2
3.6
10.2
14.8

90.
90.
91.
93.

5606.
5695.
5738.
5886.

862.
677.
641.
638.

18-2
13.5
12-6
12.1

53.
53.
51.
51.

3333.
32.
32.

36.
35.
35.
35.

|
|
|
|

10142.
10510.
10516.
10888.

2002.
1945.
1460.
1387.

24.6
22.7
16. 1
14.6

96.
97.
94.
94.

6214.
64386533.
6630.

607.
743.
796.
743.

10.8
13.0
13.9
12-6

52.
52.
51.
50.

33.
33.
33.
33.

36.
36.
36.
35-

|
|
J
|

11234.
11323.
11557.
12164.

1092.
813.
1041.
1276.

10.8
7.7
9.9
11.7

94.
92.
91.
93.

1978-Q1.... ||
-Q2.-...I|
-Q3.... ||
-Q4.... ||

6785.
6942.
7041.
7162.

571.
505.
508.
532.

9.2
7.8
7-8
8.0

50.
51.
51.
51.

3333.
3231.

35.
34.
34.
33.

|
|
|
|

12777.
13491.
13945.
14614.

1544.
2168.
2388.
2450.

13. 7
19.. 1
20.7
20. 1

95.
99.
101.
104.

7488.
7661.
7821.
8152.

703.
719.
779.
990.

10.4
10.4
11.1
13.8

52.
51.
51 .
51.

3029.
29.
28.

33.
32.
32.
31.

|
|
|
|

15385.
16210.
16988.
17877.

2607.
2719.
3043.
3263.

20.4
20.2
21.8
22.. 3

107.
109.
110.
111.

86739221.
9570.
9834.

1185.
1559.
1749.
16 82.

15.8
20.4
22.4
20.6

51.
52.
51.
51 .

28.
29.
30.
30.

32.
33.
32.
32.

|
|
|
|

18573.
1896020068.
20955.

3188.
2750.
3080.
3079.

20.7
17.0
18. 1
17.2

110.
107.
108.
109.

10209.

1536-

17.7

52.

31 .

32.

|

21499.

2926.

15.8

109.

I

1979-Q1.... ||
-Q2.... ||
-Q3.... 1|
-Q4.... ||
I
1980-Q1.... ||
-Q2.... i |
-Q3---- ||
-Q4.... ||

1
1981-Q1.... |
L

* AVERAGE LOANS OUTSTANDING DURING THE PRECEDING FOUR QUARTERS (AVERAGE OF END-OF-QUARTER DATA)
RENEWALS AND COLLECTIONS INCLUDE SOME NONAGRICULTURAL LOANS (SEE NOTE ON PAGE 8) -




17

ZABLE 221.IQ
FEDERAL LAND BANKS
LOANS OUTSTANDING
AMOUNT
1
1.
|
MILLIONS OF DOLLARS
|
|
_ J
1 BND OF | CHANGE FROB PREVIOUSI
1
1 QUARTER 1
I QUARTER
YEAR___ 1
1.
1
*****
1964-Q1.... |
3406.
*****
3516.
110.
-Q2.... |
*****
3620.
104..
-Q3.... 1
••*••
3717.
97.
-Q4.... 1

BND OF
QUARTER

NUMBER CF LOANS
PERCENTAGE CHANGE
FROM PREVIOUS
QUARTER

YEAR

1
1
IHOUSANDSI
1
1

AVERAGE SIZE

PERCENTAGE CHANGE
FROM PREVIOUS
DOLLARS
QUARTER

YEAR
*••*
•••*

•***
3.2
3.0
2.7

• *•*
••**
••••
*•••

379.1
380. 1
380.9
380.6

••••
0.3
0.2
-0.1

PERCENTAGE
CHANGE
FROB
PREVIOUS
YEAR
*•••
• •••
• ••*
• ••*

**•*

8985.
9249.
9505.
9766.

1965-Q1.... |
-Q2.... i
-03.... |
-Q4.... 1

3889.
4057.
4171.
4280.

172.
167.
114.
109.

483.
541.
551.
563.

4.6
4.3
2.8
2.6

14.2
15.4
15.2
15.1

382.3
384.3
384.9
384.2

0.4
0.5
0.1
-0.2

0.8
1.1
1. 1
0.9

10174.
10556.
10835..
11139.

13.2
14.1
14.0
14.1

1966-Q1.... |
-Q2.... i
-Q3.... |
-Q4.... 1

4477.
4724.
4900.
4957.

197.
247.
176.
57.

588.
667.
729.
677-

4.6
5.5
3.7
1.2

15.1
16.4
17.5
15.8

386.0
389.7
391.8
389.7

0.5
1.0
0.5
-0.5

1.0
1.4
1.8
1.4

1160P.
12121.
1250 6.
12716.

14.0
14.8
15.4
14.2

1967-Q1.... |
-Q2.... 1
-Q3.... |
-Q4.... 1

5111.
5303.
5449.
5608.

154.
192.
147.
159.

634.
579.
550.
651.

3.1
3.8
2.8
2.9

14.2
12.3
11.2
13.1

391.3
394.1
395.2
395.6

0.4
0.7
0.3
0.1

1.4
1.1
0.9
1.5

13061.
13457.
13789.
14175.

12.6
11.0
10.3
11.5

1968-Q1.... |
-Q2.... 1
-Q3.... |
-Q4.... 1

5793.
5973.
6064.
6125.

185.
179.
91.
62.

682.
670.
614.
517.

3.3
3.1
1.5
1.0

13.3
12.6
11.3
9.2

397.6
399.6
399.4
398.3

0.5
0.5
-0.0
-0.3

1.6
1.4
1.1
0.7

14571.
14948.
15181.
15377.

11.6
11.1
10.1
8.5

1969-Q1.... |
-Q2.... 1
-03.... |
-Q4---- |

6317.
6556.
6676.
6713.

192.
239.
120.
37.

524.
583.
612.
588.

3.1
3.8
1.8
0.6

9.0
9.8
10.1
9.6

400.5
403.7
404.2
402.4

0.5
0.8
0.1
-0.4

0.7
1.0
1.2
1.0

15774.
16236.
16519.
16681.

8.3
8.6
8.8
8.5

1970-Q1.... |
-02.... 1
-03.... 1
-Q4.... 1

6833.
6994.
7101.
7186.

119.
161.
107.
85.

516.
438.
425.
473.

1.8
2.4
1.5
1.2

8.2

6.7
6.4
7.0

403.5
404.9
405.2
404.2

0.3
0.4
0.1
-0.2

0.8
0.3
0.2
0.4

16934.
17273.
17527.
17778.

7.4
6.4
6. 1

1971-Q1.... |
-02.... 1
-03.... 1
-Q4.... 1

734 7.
7579.
7766.
7917.

160.
232.
188.
150.

514.
585.
665.
731.

2.2

3.2
2.5
1.9

7.5
8.4
9.4
10.2

404.7
405.8
405.8
404.6

0.1
0.3
0.0
-0.3

0.3
0.2
0.2
0. 1

18155.
18678.
19138.
19568.

7-2
8.1
9.2
10. 1

1972-Q1.... |
-02.... 1
-03.... 1
-Q4.... 1

8139.
8426.
8749.
9092.

222.

286.
323.
343.

793.
847.
982.
1175.

2.8
3.5
3.8
3.9

10.8
11.2
12.6
14.8

405. 1
406.5
407.4
407.6

0. 1
0.3
0.2
0.0

0. 1
0.2
0.4
0.8

20093.
20729.
21473.
22304.

10.7
11.0
12.2
14.0

1973-Q1____ |
-02.... 1
-03.... 1
—Q4.... 1

9568.
10077.
10525.
10947.

476.
510.
447.
422.

1428.
1652.
1776.
1855.

5.2
5.3
4.4
4.0

17.5
19.6
20.3
20.4

409.0
411.7
413.6
414.8

0.3
0.7
0.5
0.3

1.0
1.3
1.5
1.8

23395.
24478.
25444.
26393.

16.4
16.1
1C- 5
16.3

1974-Q1.... J
-Q2.... 1
-03.... |
-Q4.... |

11467.
12176.
12877.
13456.

520.
710.
700.
580.

1899.
2099.
2352.
2509.

4.7
6.2
5.7
4.5

19.8
20.8
22.3
22.9

415.9
421.3
426.4
429.2

0.3
1.3
1.2
0.7

1.7
2.3
3. 1
3.5

27571.
28902.
30197.
31349.

17.8
•18.1
18.7
18.8

1975-Q1.... |
-Q2-.... |
-03.... 1
-Q4.... 1

14179.
14938.
15518.
16014.

723.
759.
580.
496.

2712.
2762.
2641.
25b7.

5.4
5.4
3.9
3.2

23-7
22.7
20.5
19.C

433.5
438.6
442.0
442.£

1.0
1.2
0.8
0.2

4.2
4.1
3.6
3.2

32711.
3406.1.
35112.
36166.

18.6
17.8
16.3
15.4

1976-Q1.... |
-02.... 1
-03.... 1
-Q4.... 1

16700.
17403.
17982.
18524.

686.
703.
579542.

2521.
2465.
2464.
2510.

4.3
4.2

445.1
448.2
450.4
450.8

0.5
0.7
0.5
0.1

2.7
2.2

3.0

17.8
16.5
15.9
15.7

1.9
1.8

37522.
38832.
39924.
4108U.

14.7
14. 0
13.7
13.6

1977-Q1.... |
-02.... I
-Q3.... 1
-Q4.... |

19331.
20190.
20874.
21466.

807.
859.
684.
593.

2631.
2787.
2891.
2942.

4.4
4.4
3.4
2.8

15. b
16.0
16. 1
15.9

452.9
456.0
458.6
459.5

0.5
0.7
0.2

1,8
1.8
1.8
1.9

42684.
44273.
45519.
46714.

13.8
14.0
14.0
13.7

1978-Q1.... |
-02.... |
-03.... |
“O'*.... 1
1
1979-Q1.... |
-02.... |
-03.... |
-Q4.... |

22234..
23131.
23939.
24668.

768.
897.
808.
729.

2903.
2940.
3065.
3202.

3.6
4.0
3.5
3.0

15.0
14.6
14.7
14.9

461.3
464.6
468.4
471.2

O.i'
0.7
0.8
0.6

1.9
1.9
2.1
2.5

48193.
49787.
51104.
52355.

12.9
12.5
12.3
12.1

2585127261.
28430.
29725.

1183.
1410.
1169.
1295.

36l7.
4130.
4402.
5057.

4.6
5.5
4.3
4.6

16.3
17.9
18.8
20.5

476.0
482.4
488.7
494.9

1.8
1.3
1.3
1.3

3.2
3.8
4.3
5.0

54304.
56510.
58171.
60063.

12.7
13.5
13.8
14.7

1980-Q1.... |
-02.... |
-03.... 1
-Q4.... 1

31603.
33681.
34852.
36032.

1878.
2078.
1171.
1180.

5752.
6420.
6422.
6307.

6.3

22.3
23.6
22.6
21.2

504.1
515.6
521.0
525.8

1.9
2.3
1.1
0.9

5.9
6.9

3.5
3.4

6.2

62687.
65323.
66892.
68525.

15.4
15.6
15.0
14.1

1981-Q1.... |

38030.

1998.

6426.

5.5

20.3

534.7

1.7

6.1

71119.

13.4

1




3.3

6.6

0.6

6.6

6.6

TABLE 221.2Q

f e d e r a l l an d s a n k s

LOAMS OUTSTANDING
SEASONALLY'* AD JUSTED DATA
AMOUNT

j

END OF
QUARTER

|
1
|
|
|
1
1

BILLIONS OF DOLLABS

END OF
QU ABT EB

|
1
| CHANGE FBOH PREVIOUS |
|
1
_
___ _l
| QUABTEB
YEAR
|
1___ (SAAB)
_________ 1

NUMBER OF LOAN S
? EECENTAGE CHAN GE
FROM PREV IO US

QUABTEB

YEAR
1

379.6
379.2
380.1
381.7

*****
-0.4
0.9
1.8

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

382.7
383.4
384.1
385.4

1.0
0.7
0.8
1.3

0.8
1.1
1.1
0.9

386.4
388.7
390.9
390.5

1.1
2.5
2.2
-0.4

1.0
1.4
1.8
1.3

391.9
393.1
394.4
396.6

1.5
1.1
1.4
2.2

1.4
1-1
0.9
1.6

398.0
398.5
398.7
399.2

1.5
0.5
0.2
0.5

1.6
1.4
1.1
0.7

400.9
402.8
403.5
403.3

1.7
1.9
0.7
-0.2

0.7
1.1
1.2
1.0

403-9
404.0
404.5.
404.9

0.6
0.1
0.4
0.4

0.8
0.3
0.2
0.4

405.1
405.0
405.1
405.1

0.2
-0.1
0.1
0.1

0.3
0.2
0.1
0.1

0.4
0.2
0.8
1.4

0.1
0.2
0.4
0.7

1.4
1.6
1.6
2.3

1.0
1.3
1.5
1.7

1.3
4.1
4.6
4.0

1.7
2.3
3.1
3.5

4.3
3.6
2.7
2.1

4.2
4.1
3.6
3.2

2.3
1.7
1.7
1.7

2.7
2.2
1.9
1.8

1.9
1.7
2.1
2.2

1.7
1.7
1.9
2.0

1.3
1.9
3.2
3.4

1.8
1.9
2.1
2.4

4.5
4.2
5.3
6.1

3.2
3.8
4-4
5.0

8.0
8.1
4.4
4.8

5.9
6.9
6.6
6.3

7.0

6. 1

1964-Q1.... |
-Q2.-...|
-Q3____ |
-Q4.... 1

3413.
3490.
3609.
3746.

*****
319.
499.
583.

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

*****
9.3
14.3
16.1

1965-Q1.... |
-Q2.... (
-Q3..... |
“Q4.... |
1
1966-Q1.... i
-Q2---- 1
-Q3.... 1
-Q4.... 1
1
1967-Q1.... |
-Q2.... j
-Q3.... 1
-Q4.... 1
1
1968-Q1.... |
-Q2.... |
-Q3---- 1
-Q4.... 1
1
1969-Q1.... |
-Q2---- 1
-Q3.... |
-Q4.... 1
i
1970-Q1....-|
-Q2.... 1
-Q3---- 1
-Q4.... |

3896.
4027.
4158.
4312.

637.
551.
549.
654.

483.
537.
549.
566.

17.0
14.1
13.6
15.7

14.2
15.4
15.2
15. 1

4485.
4690.
4883.
4988.

735.
875.
822.
436.

589.
663.
725.
676.

17.0
19.5
17.5
8.9

15.1
16.5
17.4
15.7

5124.
5266.
5432.
5644.

566.
590.
696.
901.

639.
576.
549.
656.

11.4
11.5
13.2
16.6

14.2
12.3
11.2
13.1

5807.
5933.
6045.
6162.

681.
518.
460.
482.

683.
667.
613.
517.

12.1
8.9
7.8
8.0

13.3
12.7
11.3
9.2

6333.
6515.
6655.
6749.

716.
759.
579.
384.

526.
582.
611.
588.

11.6
12.0
8.9
5.8

9.1
9.8
10.1
9.5

6850.
6954.
7080.
7221.

412.
427.
515.
584.

517.
439.
424.
472.

6.1
6.2
7.4
8.3

1971-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... 1

7366.
7540.
7743.
7953.

595.
722.
845.
874.

516.
585.
663.
731.

8.2
9.8
11.2
11.3

7.5
8.4
9.4
10. 1

1972-Q1---- 1
-Q2.... |
-Q3.... |
-Q4.... 1

8160.
8386.
8722.
9131.

862.
941.
1429.
1751.

794.
846.
980.
1178.

10.8
11.5
17.0
20.1

10.8
11.2
12.7
14.8

1973-Q1____ |
"Q2.... |
-Q3.... |
-Q4.... 1

9591.
10031.
10493.
10993.

1986.
1886.
1978.
2146.

1431.
1645.
1771.
1862.

21.7
19.7
19.7
20.5

17.5
19.6
20.3
20.4

1974-Q1.... |
"Q2.... |
~ Q 3 ......... 1
-Q4---- |

11491.
12120.
12838.
13513.

2133.
2730.
3138.
2921.

1900.
2089.
2345.
2521.

19.4
23.8
25.9
22.8

19.3
20.8
22.4
22.9

1975-Q1---- 1
-Q2.... |
-Q3.... |
-Q4.... |

14205.
14865.
15473.
16083.

2985.
2833.
2582.
2591.

2714.
2745.
2635.
2570.

22.1
19.9
17.4
16.7

23.6
22.7
20.5
19.0

1976-Q1.... J
-Q2---- |
-Q3---- 1
-Q4.... |

16724.
17312.
17935.
18608.

2721.
2477.
2628.
2851.

2520.
2447.
2462.
2525.

16.9
14.8
15.2
15.9

17.7
16.5
15.9
15.7

1977-Q1.... |
-Q2.... |
-Q3.... 1
-Q4.... |

19355.
20074.
20831.
21577.

3173.
3040.
3202.
3146.

2631.
2762.
2896.
2968.

17.1
15.7
16.0
15. 1

15.7
16.0
16.1
16.0

1978-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... |
1
1979-Q1____ |
-Q2.... |
-Q3.... |
-Q4.... |

22253.
22987.
23890.
24775.

2837.
3082.
3834.
3741.

2898.
2912.
3059.
3199.

13.1
13.9
16.7
15.7

15.0
14.5
14.7
14.8

25889.
27083.
28382.
29857.

4765.
5117.
5583.
6375.

3636.
4097.
4492.
5082.

19.2
19.8
20.6
22.5

16.3
17.8
18.8
20.5

1980-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... |

31652.
33455.
34808.
36212.

7852.
7851.
5750.
5968.

5763.
6371.
6425.
6355.

26.3
24.8
17.2
17. 1

22.3
23.5
22.6
21.3

405.6
405.8
406.6.
1
408.1
1
1
409.5
1
411.1
1
412.8
1
415.2
1
1
416.5
1
420.8
1
425.5
1
429.6
1
1
434.1
1
1 ' 438.0
441.0
1
443.2
1
1
445.7
i
447.6
1
449.5
1
451.4 :
1
1
453.5
1
455.4
1
457.8
1
460.3
I
1
461.8
1
463.9
1
467.6
1
471.5
1
I
1
476.7
1
481.7
1
488.0
1
495.3
1
1
504.8
1
514.8
1
520.4
1
526.5
1

38089.

8112.

6437.

22.4

20.3

1
1

1

1981-Q1____ |




1

v

•

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

8.2
6.7
6.4
7.0

|

| P E RC EN TAG E CH ANGE
|
|
FROM PR EVIOUS
|
THOUSANDS!
1
1
1
| QUART ER
YEAR
|
_________ 1____ (SAAB)_______________ L
1

1
1

J

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

J

535.5

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
J
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

1
1
1
1
1
1
1
1
1
1

1
1
1

AV ERAGE SIZE

DO LLARS

PERC EN TA GE
CHA NG E
FROM
PREVIOU S
YEAR

8990.
9203.
9494.
9813.

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

10180.
10505.
1082411191.

13.2
14.1
14.0
14.0

11609.
12064.
12492.
12774.

14.0
14.8
15.4
14.1

13074.
13397.
13771.
14232-

12.6
11-0
10.2
11.4

14590.
14886.
15160.
15433.

11.6
11.1
10.1
8.4

15798.
16176.
16496.
16737.

8.3
8.7
8.8
8-5

16960.
17212.
17504.
17835.

7.4
6.4
6.1
6.6

18182.
18616.
19115.
19630.

7.2
8.2
9.2
10.1

20120.
20664.
21450.
22375.

10.7
11.0
12.2
14.0

23419.
24400.
25421.
2647S.

16.4
18.1
18.5
18.3

27588.
28805.
30173.
31453.

17.8
18.1
18.7
18.8

3271933937.
35087.
36287.

18.6
17.8
16-3
15.4

37523.
38677.
39900.
41227.

14.7
14.0
13.7
13.6

42682.
44077.
45499.
46875.

13.7
14.0
14.0
13.7

48192.
49551.
51092.
52542.

12.9
12.4
12.3
12.1

54308.
56227.
58165.
60285.

12.7
13.5
13.8
14.7

62698.
64987.
66890.
68782.

15.4
15.6
15.0
14.1

71134.

13.5

STABLE 222-IQ
FEDERAL LAND BANKS
LOANS CLOSED

QUARTER

1
1
1
|

AMOUNT
MILLIONS OF DOLLARS

NUMBER OF LOANS
PERCENTAGE CHANGE
FROM PREVIOUS

CLOSED | CHANGE FROM PREVIOUS
IN
1
1
__YEAR___
1 _QUARTER 1__ QUARTER
1
******
******
1964-Q1.--- | ******
******
******
-Q2.... | ******
******
******
******
-Q3.... 1
******
******
-Q4.... | ******

|
|

AVERAGE SIZE

PERCENTAGE CHANGE
FROM PREVIOUS
THOUSANDS!

QUARTER

DOLLARS

PERCENTAGE
CHANGE
FROM
PREVIOUS
YEAR

YEAR

|

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

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

|
|
|
|

14.0
13.7
12.0
14.6

*****
-5.7
-12.0
21.1

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

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

**£*
****
****
****

|
|
|

13.6
-4.8
-22.6
13.8

14.3
15.3
1.4
-4.6

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

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

QUARTER

YEAR

1965-Q1... . |
-Q2...V. |
-Q3.... |
-Q4.... 1

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

4*****
******
******
******

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

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

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

j

16.6
15.8
12.2
13.9

1966-Q1.... |
-Q2.... |
-Q3.... 1
-Q4---- 1

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

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

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

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

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

|
j
|
|

16.8
16.9
12.3
8.0

20-7
1.0
-27.7
-34.5

1.3
7.5
0.4
-42.2

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

****
****
****
*•*•

1967-Q1.... |
-Q2-- - - |
-Q3--- - 1
-Q4.... I

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

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

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

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

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

|
|
|
|

12.2
13.0
10.4
12.8

52.2
6.8
-19.9
22-4

-27.1
-23-0
-14.7
59.2

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

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

1968-Q1.... i
-Q2.... |
-Q3..... I
-Q4.... I
1
1969-Q1... - |
-Q2---- |
-Q3.... |
-Q4..... 1

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

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

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

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

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

|
|
|
j

12.6
11.2
7.6
9.4

— 1.4
-11.2
-31.7
23.1

3. 1
-14.2
-26.9
-26.4

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

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

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

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

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

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

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

|
|
j
|

12. 1
12.0
7.3
7.0

28.8
-0.8
-39.7
-3.5

-3.9
7.4
-5. 1
-25-6

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

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

1970-Q1.___ |
-Q2.... |
-Q3.... |
-Q4.... 1

272.
270..
214.
261.

******
-56.
46.

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

*****
-0.8
-20.6
21.7

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

|
|
|
|

8.9
8.1
6.3
8.4

27.5
-8.7
-16.8
23.2

-26.3
-32.2
-6.5
19.4

30479.
33129.
31594.
31202.

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

1971-Q1.... |
-Q2--- ,.|
-Q3.... |
-Q4.-.-..1

379.
428.
357.
391.

118.
49.
-71.
34.

107.
158.
143.
130.

45.3
13.0
-16.5
9.5

39.3
58.5
66.8
50.0

|
|
|
|

10.4
11.4
9.3
10.0

24.5
9.6
-18.9
a. 3

16.5
39.9
36.4
19.9

36424.
37526.
38631.
39060.

19.5
13.3
22.3
25.2

1972-Q1.... |
-Q2.---- 1
-Q3.... t
-Q4.... |

503.
520.
557.
658.

172.
17.
33.
too.

124.
92.
200.
267.

28.6
3.3
7.3
18.0

32.8
21.5
56.0
68.2

|
|
|
|

12.6
12.7
11.8
13.3

25.6
0.6
-6.7
12.9

20.9
11.0
27.6
33.0

40007.
41078.
47242.
49404.

9.8
9.5
22.3
26.5

1973-Q1.... .•|
-Q2.... |
-Q3.... |
-Q4.... 1
t
1974-Q1.... |
-Q2.... 1
-Q3.... 1
-Q4.... 1

861.
835.
719.
754.

203.
-26.
-116.
35.

358.
316.
161.
96.

30.9
-3.0
-13.9
4.9

71.1
60.7
29.0
14.6

|
|
|
1

15.6
16.0
12.9
13.4

17.4
2.1
-19.3
3.7

24.3
26.1
9.2
0.3

55084.
52353.
55804.
56432.

37.7
27.4
18.1
14.2

931.
1045.
1007.
957.

177.
114.
-38.
-50.

70.
210.
288.
203.

23.5
12.2
-3.7
-4.9

8.1
25.1
40.1
26.9

|
|
|
|

15.2
16.8
15.7
14.7

13.6
10.9
-6.5
-6.8

-2.9
5.5
22.2
9.8

61356.
62070.
63963.
65227.

11.4
18.6
14.6
15.6

1975-Q1.... |
-Q2.... |
-Q3.----|
-Q4.... 1

1184.
1148..
930.
957.

227.
-36.
-218.
27.

253.
103.
-77.
-1.

23.7
-3.0
-19.0
2.9

27.2
9.9
-7.6
-0.1

|
|
|
|

16.4
16.0
13.1
13.1

11.7
-2.6
-18.3
0.6

8.1
-5.1
-17.1
-10.5

72221.
71903.
71237.
72849.

17.7
15.8
11.4
11.7

1976-Q1.......|
-Q2.... |
-Q3.--- |
"Q4.... 1

1267.
1205.
1011.
1102.

311.
-62.
-194..
91.

83.
57.
81.
145.

32.5
-4.9
-16.1
9.0

7.0
4.9
8.7
15.2

|
|
|
|

15. /
15.4
13.0
13.6

19.3
-1.5
-15.8
4.8

-4- 5
-3.4
-0.5
3.6

80930..
78100.
77831.
80952..

12.1
8.6
9.3
11-1

1977-Q1... .. |
-Q2---- 1
-Q3---- |
-Q4.... 1

1572.
1546.
1275.
1226.

470.
-27.
-271.
-48.

305.
340.
264.
125.

42.7
-1.7
-17.5
-3.8

24.0
28.3
26.1
11.3

|
|
|
|

16.1
17.3
14.0
14.2

20.9
5.2
-18.8
1.1

5-0
12.1
8.2
4.4

95572.
89337.
30742.
86310.

18. 1
14.4
16.6
6.6

1978-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... 1

1555.
1623.
1397.
1439.

328.
68-225.
42.

-18.
77.
123.
213.

26.8
4.4
-13.9
3.0

-1. 1
5.0
9.6
17.3

|
|
|
|

15.3
16.7
14.8
15.5

7.8
8.9
-11.0
4.8

-6.9
-3.6
5.6
9.4

101522.
97320.
94199.
92597.

6.2
8.9
3.8
7.3

1979-Q1.... |
-Q2---- I
-Q3.... 1
-Q4---- |
i
1980-Q1.... |
-Q2.... |
-Q3---- |
-Q4.... |

2064.
2271.
1874.
2183.

625.
207.
-397.
309.

509.
648.
476.
743.

43.4
10.0
-17.5
16-5

32.8
40.0
34.. 1
51.6

|
|
|
|

18. 1
19.7
17.8
18.7

16.3
9-0
-9.7
5.4

18.1
18.2
20.0
20.6

114174.
115259.
105295.
116407.

12.5
18.4
11.8
25.7

2901.
2942.
1827.
1950.

718.
41.
-1115.
123.

837.
671.
-47.
-233.

32-9
1.4
-37.9
6.7

40.5
29.6
-2.5
-10.7

|
|
|
|

21.8
22.9
14.6
16. 1

16.5
5.1
-36.6
10.4

20.8
16.5
-18.2
-14.3

132832.
128228.
125480.
121303.

16.3
11.3
19.2
4.2

1981-Q1---- |

3080.

1130.

179.

58.0

6.2

|

20.9

30-3

-4.1

147060.

10.7

__ L




-2 .

20

TABLE 222.2Q

QUARTER

1964-Q1___
-Q2---Q3---Q4--1965-Q1___
-Q2---Q3---Q4--1966—Q1___
-Q2---Q3---Q4--1967-Q1---Q2---Q3---Q4--1968-Q1---Q2...
-Q3---Q4--1969-Q1---Q2---Q3---Q4--1970-Ql___
-Q2---Q3---Q4---

FEDERAL LAND BANKS
LOANS CLOSED
SEASONALLY-ADJUSTED ANNUAL BATE

AMOUNT
1
1
|
MILLIONS OF DOLLARS
|
1
_
_l
| CLOSED | CHANGE FROM PREVIOUS!
1
IN
1
. _ ____ 1
1 QUARTER 1 QUARTER
YEAR
1
1
******
******
.| ******
******
******
.j ******
******
.| ******
******
******
j ******
******
1
******
******
.J ******
******
.j ******
******
******
******
.| ******
******
******
! ******
1
******
******
.| ******
******
.| ******
******
******
„ | ******
******
******
1 ******
******
1
******
******
.| ******
******
******
.j ******
******
******
.j ******
1 ******
******
******
1
******
******
„j ******
******
******
.( ******
******
******
.! ******
1 ******
******
******
1
******
******
.| ***♦*♦
******
******
.| ******
******
******
.j ******
1 ******
******
******
1
******
******
|
981.
******
.|
994.
14.
******
.|
9 72.
-22.
******
1132.
160.

NUMBER OF LOANS
PERCENTAGE CHANGE
FROM PREVIOUS
QUARTER

YEAR

|
|

1
1
THOUSANDS!
|
1
.... 1
j

AVERAGE SIZE

PERCENTAGE CHANGE
FROM PREVIOUS
DOLLARS

PERCENTAGE
CHANGE
FROM
PREVIOUS
YEAR

QUARTER

YEAR

52.5
49.4
56.0
62.8

*****
-6.0
13.4
12.2

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

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

****
♦ ***
****
_****

60.0
56.8
57. 1
59.8

-4.5
-5.3
0.5
4.7

14.2
15.1
2.0
-4.8

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

****
♦ ***
****
>***

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

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

|
j
|

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

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

|
|

*****

j

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

*****

|

*****

j

*****
*****

|
|

60.4
61.0
57.8
34.4

1.0
1.0
-5.3
-40.5

0.7
7.4
1.2
-42.5

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

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

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

|
|
j
j

43.7
47.1
49.7
54.8

26.8
7.9
5..6
10.1

-27.8
-22.8
-14.0
59.1

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

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

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

j

*****

|

*****

J

*****
*****

|
|

45.3
40.4
36.5
40. 1

-17.3
-10.8
-9.5
9.7

3.7
-14.3
-26.5
-26.8

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

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

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

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

|
|
|
|

43.0
43.8
34.5
29.6

7.4
1.7
-21.3
-14.0

-4.9
8.4
-5.7
-26.1

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

****
****
*♦**
****

*****
1.4
-2.3
16.5

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

|
j
|

*****

j

31.9
29.9
31.9
35.3

7.6
-6.2
6.5
10.9

-25.9
-31.6
-7.5
19.2

30744.
33216.
30481.
32024..

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

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

1971-Q1___
-Q2--- .|
-Q3--- .|
— Q 4 . ..|
J
1972-Q1--- .|
-Q2--- .|
-Q3----.|
-Q4--- .|

1352.
1578.
1612.
1708.

220.
226.
34.
96.

371.
584.
640.
576.

19.4
16.7
2.2
5.9

37.9
58.7
65.9
50.9

|
|
I
i

37.2
42.2
42.4
42.5

5.3
13.4
0.5
0.2

16.7
41.0
33.0
20.2

36333.
37385.
38014.
40193.

18.2
12.5
24.7
25.5

1811.
1917.
25082878.

103.
106.
591.
370.

459.
339.
896.
1170.

6.0
5.9
30.8
14.8

33.9
21-5
55.6
68.5

|
|
|
|

45.9
46.8
52.9
56.7

8.0
2.0
12.9
7.2

23.3
11.0
24.7
33*5

39450.
40930.
47428.
50754..

8.6
9.-5
24.8
26.3

1973-Q1--- .|
-Q2----. |
"Q3--- .|
-Q4----.|

3106.
3079.
3209.
3330.

228.
-27.
131.
121.

1296.
1162.
702.
452.

7.9
-0.9
4.2
3.8

71.6
60.6
28.0
15.7

|
|
|
|

57.9
59.2
56.3
57.2

2.1
2.3
-4.8
1.6

26.1
26.4
6.6
0.9

53678.
52017.
56963.
58197.

36.1
27.1
20.1
14.7

1974-Q1___ .|
-Q2--- .|
-Q3----.|
-Q4--- .|

3362.
3845.
4475.
4234.

32.
483.
630.
-241.

256.
766.
1265.
903.

1.0
14.4
16.4
-5.4

8.2
24.9
39.4
27.1

|
J
|
|

57.1
62.3
68.2
62.7

-0.2
9.0
9.6
-8.1

-1*3
5.2
21.1
9.6

58858.
61730.
65567.
67487.

9.6
18.7
15. 1
16.0

1975-Q1--- .|
-Q2--- .|
-Q3----.|
-Q4--- .|

4300.
4203.
4145.
4234.

66.
-97.
-57.
89.

938.
358.
-330.
1.

1.6
-2.3
-1.4
2. 1

27.9
9.3
-7.4
0.0

|
|
J
|

62.5
59.0
56.5
56.0

-0.4
-5.6
-4.2
-0.8

9.4
-5.3
-17.2
-10.7

68826.
71250.
73387.
75552.

16.9
15.4
11.9
12.0

1976-Q1____.|
-Q2----.|
-Q3--- .|
— Q4--- .|

4559.
4384.
4525.
4883.

325.
-176.
142.
358.

259.
181.
380.
649.

7.7
-3.9
3.2
7.9

6.0
4.3
9.2
15.3

|
|
|
J

59.3
56.8
56.1
58.0

5.8
-4.1
-1.3
3.4

-5.1
-3.6
-0.6
3.6

76896.
77126.
80633.
84150.

11.7
8.2
9.9
11.4

.|
.|
.I
.|
I
.|
.j
.|
-|

5641.
5588.
5715.
5476.

758.
-53.
127.
-238.

1082.
1204.
1189.
593.

15.5
-0.9
2.3
-4.2

23.7
27.5
26.3
12.1

|
J
|
|

62.4
63.5
60.9
60.7

7.5
1.8
-4.2
-0.3

5.2
11.8
8.5
4.6

90443.
87962.
93888.
90220.

17.6
14.0
16.4
7.2

5617.
5844.
6327.
6457.

141.
226.
484.
130.

-24.
256.
613.
981.

2.6
4.0
8.3
2. 1

-0.4
4.6
10.7
17.9

|
i
|
|

58.4
61.0
64.5
66.4

-3.8
4.5
5.8
2.9

-6.4
-4.0
6.0
9.3

96243.
95826.
98072.
97306.

6.4
8.9
4.5
7.9

1979-Q1___
-Q2--- .|
-Q3--- .|
-Q4--- .|

7452.
8160.
8448.
9746.

995.
707.
288.
1298.

1835.
2316.
2120.
3289.

15.4
9.5
3.5
15.4

32.7
39.6
33.5
50.9

|
|
|
|

68.8
72.0
77.4
79.9

3.7
4.7
7.4
3.2

17.9
18.1
19.9
20.4

10828*4.
113286.
109169.
12200 7.

12.5
18.2
11.3
25.4

-J
.|
.|
.|

10571.
10544.
8248..
8661.

825.
-27.
-2296..
413.

3119.
2384.
-200.
-1086.

8.5
-0.3
-21.8
5.0

41.8
29.2
-2.4
-11.1

|
|
|
|

83.5
84.3
63.7
68.4

4.6
0.9
-24.4
7.3

21.4
17.0
-17.6
-14.4

126541.
125095.
129400.
126670.

16.9
10.4
18.5
3.8

1981-Q1... -i

11189.

2528.

618.

29.2

5.8

|

79.6

16.4

-4.7

140578.

11.1

1977-Q1___
-Q2---Q3---Q4--1978-Q1___
-Q2---Q3---Q4---

1980-Q1___
-Q2---Q3---Q4---




TABLE 222.3Q

FEDERAL T.AND BANKS
LOANS "LOSED
FOUR-QUARTER MOVING TOTAL

YEAR
ENDING—

1
1
|

AMOUNT
|

1

1

| END OF | CHANGE FROM PREVIOUSI
| QUARTER
1 QUARTER
YEAR
1
J___

1

1980-Q1... — 1
-Q2...
-Q3... - - J
-Q4...
1981-Ql...

1




|

YEAR

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

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

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

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

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

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

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

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

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

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

|
|
|
|

******

*****

*****

PERCENTAGE CHANGE
FROM PREVIOUS

__
QUARTER

YEAR

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

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

56.8
58.9
59. 1
58.4

3.8
3.7
0.3
-1.1

*****
*****
*****
6.7

0.4
2.0
0.1

*****

*****

*****
*****

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

*****
*****

*****
*****

*****
*****

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

|
|
|
|

58.6
59.8
59.8
54.0

3.2
1.5
1.3
-7.6

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

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

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

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

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

|
|
|

******

*****

*****

*****

*****

|

49.4
45.5
43. 7
48.5

-8.4
-7.9
-4.0
10.9

-15.7
-23.8
-26.9
-10.2

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

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

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

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

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

j
|
|
|

48.9
47.0
44.2
40.8

-3.8
-6.0
-7.6

-1.1
3.2
1. 1
-15.8

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

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

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

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

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

|
|
j
j

40.3
41.2
40.8
38.4

-1.2
2.0
-0.9
-5.9

-17.5
-12.5
-7.8
-6.0

******
******
******
1017.

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

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

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

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

|
|
|
|

35.2
31.3
30.8
32.2

-8.3
-11.0
-1.5
4.4

-12.8
-23.9
-24.3
-16.1

1124..
128214251555.

107.
158.
143130.

*****
*****

*****
*****

|
|

*****
538.

10.5
14. 1
11.2
9.2

*****
52.9

|
J

33.7
36.9
39.4
41.1

4.6
9.7
6.7
4.2

-4.3
17.9
27.7
27.5

1679.
1771.
1971.
2238.

124.
92.
200.
267.

556.
490.
547.
683.

8.0
5.5
11.3
13.5

49.5
38.2
38.4
43.9

|
|
|
|

43.2
44.5
47.0
50.3

5.3
2.9
5.7
7.0

28.4
20.5
19.4
22.6

2596.
2912.
3073.
3169.

358.
316.
161.
96.

9161t40.
1102.
931.

16.0
12.2
5.5
3. 1

54.6
64.4
55.9
41.6

|
(
|
|

53.4
56.7
57.8
57.8

6.1
6.2
1.9
0. 1

23.5
27.4
22.8
14.9

3239.
3449.
3737.
3940.

70.
210.
288.
203.

643.
537.
664.
771.

2.2
6.5
8.3
5.4

24.8
18.5
21.6
24.3

|
|
|
|

57.4
58.3
61.1
62.4

-0.8
1.5
4.9
2.1

7.4
2.7
5.8
7.9

4193.
4297.
4220.
4219.

253.
103.
-77-1.

954.
848.
483.
279.

6.4
2.5
-1.8
-0-0

29.5
24.6
12.9
7.1

|
|
|
I

63.6
62.8
60.1
58.6

2-0
-1.4
-4.3
-2.6

10.9
7.8
-1.7
-6.2

4302.
4359.
4440.
4585.

8357.
81.
145.

109.
62.
220.
366.

2.0
1.3
1.9
3.3

2-6
1.4
5.2
8.7

J
|
|
|

57.8
57.3
57.2
57.7

-1.3
-0.9
-0.1
0.8

-9.2
-8.8
-4.8
-1.5

4890.
52315494.
5619.

305.
340.
264.
125.

588.
871.
1054.
1034.

6.6
7.0
5.0
2.3

13.7
20-0
23.7
22.5

|
|
|
|

58.5
60.4
61.4
62.0

1.4
3.2
1.8
1.0

1.1
5.4
7.3
7.5

5602.
5678.
5801.
6014.

-18.
77.
123.
213.

711.
448.
307.
395.

-0.3
1.4
2.2
3.7

14.5
8.6
5.6
7.0

(
|
|
|

60.9
60.2
61.0
62.4

-1.8
-1.0
1.3
2.2

4. 1
-0.2
-0.6
0.6

6523.
7171.
7648.
8391.

509.
648.
476.
743.

922.
1493.
1847.
2377.

8-5
9.9
6. 6
9.7

16.5
26-3
31-8
39.5

|
|
|
|

65. 1
68.2
71. 1
74.3

4.4
4.7
4.3
4.5

7.0
13.1
16.5
19.2

9228.
9899.
9852.
9619.

837.
671.
-47.
-233.

2705.
2728.
2204.
1228.

10. 0
7.3
-0.5
-2.4

41.5
38.0
28.8
14.6

|
|
|
|

78.1
81.3
78.1
75.4

5.1
4.2
-4.0
-3.4

19.9
19.3
9.8
1.5

9798-

179.

570.

1.9

6.2

|

74.5

-1.2

-4.6

******

*****

AVERAGE SIZE

|
|
1

00
o

1

1973-Q1...
-Q2... -- l
-Q3---Q4...
1
1974-Q1...
-Q2...
-Q3...
-Q4... ..1
1
1975-Q1...
-Q2__
-Q3--Q4...
I
1976-Q1... — 1
~Q2- ..
-Q3...
-Q4... --1
1
1977-Q1.. .
-Q2...
-Q3...
-Q4... -- 1
1
1978-Q1...
-Q2...
-Q3...
-Q4... -.1
1
1979-Q1... ••1
-Q2.~
-Q3... -- 1
-Q4... - - I

QUARTER

1
1
1
1
1 THOUSANDS|
1
1
—1_
|
*****
|
*****
j
*****
j
54.8

I

1967-Q1... -* 1
-Q2... .-1
-Q3. ..
-Q4...
1
1968-Q1...
-Q2... - - I
-Q3...
-Q4... — 1
1
1969-Q1...
-Q2...
-Q3...
~Q4-- — 1
1
1970-Q1...
-Q2... - - J
-Q3... ♦ -I
-Q4... — 1
1
1971-Q1...
-Q2... - - 1
“Q3-- ••I
-Q4,..
1
1972-Q1... ~-i
~Q2--Q3... -.1
-Q4__

PERCENTAGE CHANGE
FROM PREVIOUS

00

1964-Q1... -- I
-Q2-.. — I
-Q3... - - I
-Q4...
I
1965-Q1__
~Q2..- --i
-Q3. ..-- I
“Q4-.- ...l
i
1966-Q1... -- I
-Q2... • - I
~Q3-- -- I
-Q4. ...

NUMBER OF LOANS

1

1

MILLIONS OF DOLLARS

DOLLARS

PERCENTAGE
CHANGE
FROM
PREVIOUS
YEAR

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

***♦
****
****
****

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

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

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

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

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

****
****

|
1_
1
J
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

1
1
1
t

1
1
1
1
1
1
1
1

1

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

****
****

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

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

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

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

*******

*******
*******
*******
31571.

****
****
• ***
****
****

33359.
34696.
36154.
37870.

***•
• ***
20.0

38839.
39812.
41908.
44458.

16.4
14.7
15.9
17.4

48616.
51350.
53181.
54802.

25.2
29.-0
26.9
23.3

56459.
59207.
61150.
63118.

16. t
15.3
15.0
15.2

65883.
68435.
70215.
72056.

16.7
15.6
14.8
14.2

74412.
76105.
77608.
79480.

12.9
11.2
10.5
10.3

83619.
86669.
89470.
90616.

12.4
13.9
15.3
14.0

92020.
94257.
9505296432.

10.0
8.8
6.2
6.4

100160.
105219.
107537.
112899.

8.8
11.6
13.1
17.1

118179.
121721.
126165.
127555.

18.0
15.7
17.3
13.0

131490.

11.3

1

1
l

1
1
1
1

1

1
1
1
1
1
l
l

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

1
1
1

22

TABLE 223. IQ
FEDERAL LAND BANKS
LOANS CLOSED AND NEB MONEY LOANED

LOANS CLOSED
i MILLIONS 1
OF
1
l
i DOLLARS |
I
1
I
1964-Q1... -- I
-Q2.-- *- I * * * * * *

quabt.
es

-Q4... --i
I
1965-Q1... -•J
-Q2... -* I
-Q3... - - I
-Q4-. .. --I
I
1966-Q1__ ... J
-Q2... .-l
-Q3— -Q4... •-I
I
1967-Q1... ..I
-Q2. ...
-Q3~.
—Q4... -.I
I
1968-Q1... -- I
-Q2. .- -- I
-Q3. .. -•J
-Q4...
I
1969-Q1...
-Q2... - •I
-Q3— ..
-Q4... -•I
l
1970-Q1__ --I
-Q2... --1
-Q3- .. -- I
-Q4.— --I
(
1971-Q1--.
-Q2...
-Q3... -.1
-Q4...
1
1972-Q1. -. --I
-Q2.~
"Q3 —
-Q4-.- --I
1973-Q1...
-02...
-Q3...
-Q4. ..

1

t
1
1974-Ql__ - .1
-Q2. .... |
-Q3...
-Q4...
1
1975-Q1... --I
-Q2...
-Q3... ..1
-Q4...
l
1976-Q1__
-Q2...
-Q3... ..1
— Q4 ....
I
1
1977-Q1... ••1
-Q2... ••I
-Q3... .. 1
—Q 4 .-.1
1
1978-Q1... ••1
-Q2... --I
-Q3... -.1
-Q4- ..
1
1979-Q1... ..1
-Q2. . -•-I
-Q3...
-Q4...
1
1980-Q1... --1
~Q2-- --1
-Q3-- --1
-Q4... --1
1
1981-Q1...
__ L_

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

PERCENTAGE CHANGE
FROM PREVIOUS
OUARTER

YEAR

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

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

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

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

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

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

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

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

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

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

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

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

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

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

*****
*****
*****
♦** * *

272.
270.
214.
261.

*****
-0.8
-20.6
21.7

*****
*****

*****
*****

379.
428.
357.
391.

45.3
13.0
-16.5
9.5

39.3
58.5
66.8
50.0

503.
520.
557.
658.

28.6
3.3
7.3
18.0

32.8
21.5
56.0
68.2

861.
835.
719754.

30.9
-3.0
-13.9
4.9

71.1
60.7
29.0
14.6

931.
1045.
1007.
957.

23.5
12.2
-3.7
-4.9

8.1
25.1
40.1
26.9

1184.
1148.
930.
957.

23.7
-3.0
-19.0
2.9

27.2
9.9
-7.6
-0.1

1267.1205.
1011.
1102.

32.5
-4.9
-16.1
9.0

7.0
4.9
8-7
15.2

1572.
1546.
1275.
1226.

42.7
-1.7
-17.5
-3.8

24.0
28.3
26.1
11.3

1555.
1623.
1397.
1439-

26.8
4.4
-13.9
3.0

-1.1
5-0
9.6
17.3

2064.
2271.
1874.
2183.

43.4
10.0
-17.5
16.5

32-8
40-0
34.1
51.6

2901.
2942.
1827.
1950.

32.9
1.4
-37.9
6.7

40.5
29.6
-2.5
-10.7

3080.

58.0

6.2

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

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

• LOANS OUTSTANDING AT END OP PRECEDING QUARTER.




NEB MONEY LOANED

J AS PERCENTAGE OF
I MILLIONS |
OF
|
I
| LOANS OUTREPAY­” l DOLLARS |
MENTS I
I STANDING*
1
I
****
***** 1
183.
****
***** i
173.
t«***
***** I
161.
****
***** 1
190.
1
****
***** 1
260.
****
***** 1
237.
****
***** 1
176.
****
***** 1
214.
i
****
***** 1
300.
****
***** 1
316.
****
***** i
238.
****
***** 1
158.
1
****
***** 1
248.
****
***** 1
259.
****
***** 1
214.
****
***** 1
277.
1
****
***** 1
296.
****
***** 1
253.
****
***** 1
163.
****
***** 1
190.
1
****
***** 1
311****
***** 1
319.
****
***** 1
194.
****
***** 1
162.
1
4. 1
235. 1
235.
4.0
360. 1
23618*4.
3-1
279. 1
3.7
200. 1
215.
l
276. 1
5.3
298.
5.8
422. I
333.
4.7
357. 1
288.
245. 1
310.
5.0
1
6.4
277. 1
404.
6.4
383. 1
422.
459. 1
6.6
445.
361. 1
525.
7.5
1
365. i
712.
9.5
8.7
476.
685.
7.1
474. »
599.
643.
7.2
342. >
1
1
337. 1
796.
8.5
9.7
594. 1
886.
652. 4
855.
8.3
7.4
803.
428. 1
1
990.
8.8
444. 1
8.1
613. 1
946.
6.2
516. J
760.
6.2
335. 1
782.
1
7.9
350. l
1048.
7.2
459. 1
966.
438.
5.8
810.
1
6.1
334. 1
872.
1
1
1274.
8.5
333. 1
444.. 1
8.0
1208.
6.3
428. 1
981.
5.9
338. 1
955.
1
327. 1
1244.
7.2
7.3
433. 1
1272.
6.0
481. 1
1098.
6.0
347. 1
1145.
1
8.4
414. 1
1681.
8.8
590. 1
1795.
1485.
6.9
593.
1
7.7
517. 1
1717.
1
568. 1
9.8
2389.
9.3
945. 1
2389.
5.4
594. 1
1479.
480. 1
5.6
1586.
1
8.5
611. 1
2502.
_

1_

PERCENTAGE CHANGE
FROM PREVIOUS
QUARTER

YEAR

| AS PERCENTAGE OF
I
| LOANS OOTREPAY­
I STANDING* MENTS

*****
-5.6
-6.8
18.3

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

****
5. 1
4.6
5.3

*****
274.
283.
205.

36.7
-9.0
-25.7
21.7

42-3
37.2
9.3
12.4

7.3
6.1
4.3
5.1

295.
342.
282.
204.

40.3
5.3
-24.7
-33.8

15.4
33.6
35.3
-26.4

7.0
7. 1
5.0
3.2

292.
455.
381.
157.

57.2
4.6
-17.6
29.7

-17.5
-18.0
-10.3
75.9

5.0
5. 1
4.0
5. 1

265.
384319.
234.

6.7
-14.3
-35.6
16.7

19.4
-2.2
-23.7
-31.3

5.3
4. 4
2.7
3. 1

267.
3 43.
227.
148.

63.5
2.6
-39-3
-16-3

5.2
26.0
18-8
-14.7

5. 1
5.1
3.0
2. 4

261.
396.
264.
129.

45.0
0.4
-22.1
17.0

-24.4
-26.0
-5.0
32.7

3.5
3.5
2.6
3.0

203.
315.
240.
165.

38.2
12.0
-15.7
7.9

26.5
41.2
56.4
44.1

4.1
4-5
3.8
4.0

217.
329288.
194-

30.T
4.5
5.3
18.1

35.7
26.6
54.5
69*2

5.1
5.2
5.3
6.0

222.
311.
366.
288.

35.5
-3-7
-12.6
7.3

76.2
62.3
34.3
22.4

7.9
7.2
5.9
6.1

302.
391.
395.
291-

23.8
11. 2
-3.5
-6.0

11.9
29.2
42.6
24.9

7.3
7.7
7.0
6.2

288.
504.
553.
359.

23.2
-4.4
-19.7
2.9

24.3
6.9
-11.1
-2.7

7.4
6.7
5.1
5.0

371.
505.
422.
274-

34.1
-7.9
-16.2
7.7

5.9
2.0
6.6
11.5

6.5
5.8
4.7
4. 9

289.
368.
351.
264.

46.1
-5.2
-18.8
-2.6

21.5
25.0
21.2
9.6

6.9
6.2
4.9
4.6

273.
34 7330.
263.

30-2
2.3
-13.6
4.2

-2.4
5.3
11.9
19.8

5-8
5.7
4.7
4.8

261.
339378.
276.

46.9
6.8
-17.3
15.6

35.2
41.1
35.2
50.0

6.3
6.9
5.4
6.0

337.
467.
470.
407.

39.1
-38.1
7.2

42.1
33.1
-0.4
-7.7

8.0
7.6
4.4
4.5

468.
768.
481.
391-

57.8

4.7

6.9

496-

0.0

23
TABLE 223.2Q

FEDERAL LAUD _*NRS
LOANS CLOSED AND NEW :-:ONEY L >AN£L
SEASONALLY-ADJUSTED ANNUAL RATE
1
l_
| MILLIONS
OF
1
1 DOLLARS
1
1
1964-Q1.... | ******
-Q2.... I ******
-Q3.... | ******
-Q4, ----| ******
I
1965-Q1---- | ******
-Q2.... | ******
-Q3.... 1 ******
-Q4.... 1 ******
1
1966-Q1____ | ******
-Q2---- | ******
-Q3.... | ******
-Q4.... | ******
I
1967-Q1____ J ******
-Q2.... | ******
-Q3.... 1 ******
******
— Q4--1
******
1968-Q1.... |
-Q2---- | ******
-Q3.... I ******
-Q4.... | ******
i
1969-Q1---- | ******
-Q2.... | ******
-Q3.... | ******
-Q4.... | ******
I
1970-Q1____ |
981.
994.
-Q2.... |
-Q3.... |
972.
-Q4---- 1
1132.
1
1971-Q1.... |
13521578.
-Q2.... |
1612.
-Q3.... |
1708.
-Q4.... |

QUARTER

LOANS CLOSED
1
|
|
i

PERCENT AGE CHANGE
FROM PREVIOUS
_ _
YEAR

NEH MONEY LOANED

|
AS PERCENTAGE OF
MILLIONS
OF
|
REPAY­
DOLLARS
1 LOANS OUT­
MENTS QUARTER
i STANDING*

|
|
|
I

PERCENTAGE CHANGE
FROM PREVIOUS

|
AS PERCENTAGE OF
1
| LOANS OUTREPAY­
1 STANDING*
MENTS

OUARTER

YEAR

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

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

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

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

629.
613.
761.
892.

*****
-2.7
24.3
17.2

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

****
1822.
25.

*****
201..
265.
261.

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

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

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

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

891.
836.
8361006.

-0. 1
-6.2
0.0
20.3

41.6
36.4
9.8
12.7

24,.
21.
21.
24.

306.
268.
267.
260.

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

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

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

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

1019.
1118..
1138.
737.

1.4
9-7
1.8
-35.2

14.4
33.8
36. 1
-26.7

24.
25.
24.
15.

311.
372312.
234.

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

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

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

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

839.
912.
1026.
1296.

13.9
8.6
12.5
26.3

-17.6
-18.4
-9.8
75.8

17.
18.
19.
24.

284.
264.
284.
290.

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

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

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

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

1014.
890.
787.
883.

-21.8
-12.2
-11.5
12. 1

20.8
-2.4
-23.2
-31.9

18.
15.
13.
15.

280.
229.
232.
213.

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

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

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

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

1054.
1127.
930.
744.

19.3
6. 9
-17.5
-20.0

3.9
26.6
18. 1
-15.8

17.
18.
14.
11.

287.
2 82.
252.
202.

*****
1. 4
-2.3
16.5

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

15.
15.
14.
16.

24 2.
233.
257.
279.

807.
843.
879.
972.

8.6
4.4
4.2
10.6

-23.4
-25.2
-5.5
30.7

12.
12.
13.
14.

200.
198.
233240.

19.4
16.7
2.2
5.9

37.9
58.7
65.9
50.9

19.
21.
21.
22.

305.
311.
300.
309.

10211205.
1348.
1392..

5.0
18.0
11.9
3.3

26.4
42.8
53.4
43.2

14.
16.
18.
18.

230.
237.
251.
252.

1972-Q1____ |
-Q2.... I
-Q3-,--- |
-Q4.... I

1811.
1917.
2508.
2878.

6.0
5.9
30.8
14.8

33.9
21.5
55.b
68-5

23.
23.
30.
33.

312.
301.
352.
413.

1409.
1540.
2058.
2329.

1.2
9.2
33.7
13.2

38.1
27.8
52.6
67.3

18..
19.
25.
27.

243242.
289.
334.

1973-Q1.... |
-Q2---- |
-Q3---- |
-Q4.... 1

3106.
3079.
3209.
3330.

7.9
-0.9
4. 2
3.8

71.6
60.6
28.0
15.7

34.
32.
32.
32.

463.
408.
362.
392-

2512.
2515..
2733.
2849..

7.9
0. 1
8.7
4.2

78.3
63.4
32.8
22-3

2826.
27.
27.

375.
334.
308.
335.

1974-Q1.... |
-Q2.... |
-Q3.... I
-Q4.... |

3362.
3845.
4475.
4234.

1.0
14.4
16.4
-5.4

8.2
24.9
39.4
27.1

31.
33.
37.
33.

400.
518.
454.
496.

2833.
3258.
38583554.

-0.5
15.0
1b.4
-7.9

12.8
29-5
41.2
24.8

26.
28.
32.
28.

337.
439..
391.
416.

1975-Q1.... |
-Q2---- |
-Q3.... |
-Q4.... 1

4300.
4203.
4145.
4234.

1.6
-2.3
-1.4
2. 1

27.9
9.3
-7.4
0.0

32.
30.
28.
27.

551.
507.
416.
416.

3546.
3473.
3426.
3462.

-0.2
-2.1
-1.3
1.0

25.1
6.6
-11.2
-2.6

26.
24.
23.
22.

4 55419344.
340.

1976-Q1.... J
-Q2---- |
-Q3.... I
-Q4.... I
1
1977-Q1.... |
-Q2.--- |
-Q3---- |
-Q4.... |

4559.
4384.
4525.
4883.

7.7
-3.9
3.2
7.9

6.0
4.3
9.2
15.3

28.
26.
2b.
27.

395.
372.
388.
414.

3718.
3528.
3657.
3875.

7.4
-5.1
3.7
6.0

4.9
1.6
6.8
11.9

23.
21.
2122.

322.
300.
313.
328.

5641.
5588.
5715.
54 76.

15.5
-0.9
2.3
-4.2

23.7
27.5
26.3
12.1

30.
29.
28.
26.

372.
370.
406.
419.

4507.
4386.
4434.
4289.

16.3
-2.7
1.1
-3.3

21.2
24.3
21-2
10.7

24.
23.
22.
21.

297.
290.
315.
328.

1978-Q1.... |
-Q2---- |
-Q3---- |
-Q4..1.*|

5617.
5844.
6327.
6457.

2.6
4.0
8.3
2.1

-0.4
4.6
10.7
17.9

26.
26.
28.
27.

328.
351.
450.
393.

4421.
4597.
5020.
5184.

3. 1
4.0
9.2
3.3

-1.9
4.8
13-2
20.9

20.
21 .
22.
22.

258.
276.
357.
315.

1979-Q1____ |
-Q2---- 1
-Q3---- |
-Q4.... |
1
1980-Q1.... |
-Q2---- 1
-Q3---- 1
-Q4.... |
1
1981-Q1____ |
1

7452.
8160.
8448.
9746.

15.4
9.5
3.5
15.4

32.7
39.6
33.5
50.9

30.
32.
31.
34.

498.
479.
542.
526.

5952.
6481.
6755.
7752.

14.8
8.9
4.2
14.8

34.6
41.0
34.6
49.5

24.
25.
25.
27.

398.
380.
434..
418-

10571.
10544.
82488661.

8.5
-0.3
-21.8
5.0

41.8
29.2
-2.4
-11.1

35.
33.
25.
25.

791.
758.
616.
579.

8515.
8603.
6751.
7115.

9.8
1.0
-21.5
5.4

43. 1
32.7
-0. 1
-8.2

29.
27.
20.
20.

637.
618.
504.
475.

11189.

29.2

5.8

31.

816.

8878.

24.8

4.3

25.

648.

* SEASONALLY-ADJUSTED LOANS OUTSTANDING AT END OF PBECEDING QUARTER,




24

TABLE 223.3Q

I
I
I
YEAR
|
ENDING—
I
|
I
1
1
1964-Q1--- .j
-Q2--- .|
-Q3--- j
-Q4--- j
1
1965-Q1___ . |
-Q2... .|
-Q3--- .|
-Q4--- |
1
1966-Q1___ j
-Q2--- .|
-Q3--- .|
-Q4--- |
1
1967-Q1--- .J
-Q2--- .|
-Q3--- .|
-Q4--- |
1
1968-Q1___ .|
-Q2--- .|
_Q3-- - .|
-Q4--- |
1
1969-Q1___ .j
-Q2--- .j
-Q3--- .J
-Q4. .. . |
1
1970-Q1___ |
-Q2--- |
-Q3--- .|
-Q4--- .|

FEDERAL LAND BANKS
LOANS CLOSED AND NEH HONEY LOANED
FOUR-QUARTER HOVING TOTAL
NEH MONEY LOANED

LOANS CLOSED
MILLIONS
OF
DOLLARS

CHANGE FROM
PREVIOUS YEAR
MILLIONS
OF
DOLLARS

PERCENT

AS PERCENTAGE OF
LOANS OUT­
STANDING*

REPAY­
MENTS

CHANGE FROM
1
MILLIONS ||
PREVIOUS YEAR
OF
|
DOLLARS || MILLIONS
OF
PERCENT
1|
1I DOLLARS

| AS PERCENTAGE OF
|
I
REPAY­
I LOANS OUT­
| STANDING*
MENTS
I

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

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

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

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

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

******
******
******
707.

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

*****
*****
*****
♦**v*

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

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

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

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

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

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

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

784.
848.
863.
887.

******
******
******
180.

*****
*****
*****
25.5

2223.
23.
22.

261.
276.
276.
273.

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

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

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

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

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

927.
1007.
1069.
1012.

143.
158.
205.
125.

18.2
18.6
23.8
14.1

23.
24.
24.
22.

273.
297.
315302.

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

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

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

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

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

960.
902.
878.
998.

32.
-104.
-191.
-15.

3.5
-10.3
-17.8
-1.4

20.
18.
17.
19.

295.
279.
267.
288.

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

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

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

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

****
****
***♦
****

1045.
1040.
989.
902.

86.
137.
111.
-95.

9.0
15.2
12-7
-9.5

19.
19.
17.
15.

288.
281264.
234.

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

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

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

****
*♦**
****
****

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

918.
984.
1014.
986.

-128.
-56.
25.
84.

-12.2
-5.4
2-6
9.3

15.
16.
16.
15.

233.
246.
252.
248.

******
******
******
1017.

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

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

****
****
****
15.

****
****
****
256.

911.
828.
8ia.
871.

-7.
-156.
-197.
-116.

-0.8
-15.9
-19.4
-11.7

14.
12.
12.
13.

230.
212.
208.
219.

1971-Q1___ -|
-Q2---Q3--- .|
-Q4--- -1

1124.
1282.
1425.
1555.

******
******
******
538.

*****
*****
*****
52.9

16.
18.
20.
21.

268.
288.
304.
312.

933.
1030.
1134.
1229.

23.
203.
316.
358.

2.5
24.5
38.7
41.2

13.
14.
1616.

223.
231.
242.
247.

1972-Q1---Q2---Q3---Q4---

-|
.|
-|
.|

1679.
1771.
1971.
2238.

556.
490.
547.
683.

49.5
38.2
38-4
43.9

22.
23.
24.
27.

309.
307.
329.
360-

1335.
1424.
1581.
1796.

402.
394.
447.
567.

43.1
38.2
39.4
46.1

1718.
20.
22-

246.
247.
264.
289-

1973-Q1---Q2---Q3---Q4---

.|
-|
,|
.1

2596.
2912.
3073.
3169.

916.
1140.
1102.
931.

54.6
64.4
55.9
41.6

30.
33.
33.
32.

385.
407.
412404.

2103.
23672521.
2639.

768.
942.
940.
843.

57.5
66.2
59.5
47.0

24.
26.
27.
27.

31233133 a.
337.

1974-Q1___ .|
-Q2--- .|
-Q3--- . |
-Q4-... .|

3239.
3449.
3737.
3940.

643.
537.
664.
771.

24.8
18.5
21-6
24.3

32.
32.
33.
33.

393418.
451.
474.

2724.
2924.
3179.
3340.

620.
557.
658.
701.

29.5
23.5
26.1
26.5

26.
27.
2828.

330.
354.
384.
402.

1975-Q1___
-Q2--- . |
-Q3--- ,.|
-Q4--- .|
I
1976-Q1___ .|
-Q2--- .|
-Q3--- .(
-Q4--- - |

4193.
4297.
4220.
4219.

954.
848.
483279.

29.5
24.6
12.9
7.1

34.
33.
30.
29.

snsie.
492.
459.

3533.
3594.
3499.
3478.

809.
670.
320.
138.

29.7
22.9
10.1
4.1

28.
27.
25.
24.

430432.
408.
378.

4302.
4359.
4440.
4585.

109.
62.
220.
366.

2.6
1.4
5.2
8-7

28.
28.
27.
27.

424.
400.
389.
387.

3536.
3556.
360b.
3696.

3.
-39.
106.
218.

0.1
-1.1
3.0
6.3

23.
2322.
22.

348.
326.
316.
312.

1977-Q1---Q2---Q3---Q4---

.|
.|
.|
-|

4890.
5231.
5494.
5619-

588.
871.
1054.
1034.

13.7
20.0
23.7
22.5

28.
29.
29.
28.

379.
380.
381.
381.

3921.
4163.
4335.
4418.

385.
608.
729.
723.

10.9
17.1
20.2
19.6

22.
2323.
22.

304.
303.
300299.

1978-Q1---Q2---Q3---Q4---

.|
.|
.|
.|

5602.
5678.
5801.
6014.

711.
448.
307.
395.

14.5
8.6
5.6
7.0

27.
27.
26.
27.

377.
376.
386.
386.

4388.
4452.
4569.
4758.

466.
289.
234.
340.

11.9
6-9
5.4
7-7

21.
21.
21.
21.

296.
295.
304.
306.

1979-Q1 ... -|
-Q2--- -|
-Q3--- . |
-Q4--- .|

6523.
7171.
7648.
8391.

922.
1493.
1847.
2377.

16.5
26.3
31.8
?9.5

28.
29.
30.
32.

413.
452.
474.
518.

5195.
5719.
6106.
6678.

808.
1267.
1536.
1920.

18.4
28.4
33.6
40.4

22.
23.
24.
25.

329.
360.
378.
412-

1980-Q1___ .|
-Q2---Q3--- -|
-Q4--- .|

9228.
9899.
9852.
9619.

2705.
2728.
2204.
1228.

41.5
38.0
28.8
14.6

33.
34.
32.
30.

565.
635.
635.
626.

7386.
7980.
7974.
7842.

2190.
2262.
1868.
1164.

42.2
39.5
30.6
17.4

27.
27.
26.
24.

452.
512.
514.
511.

1981-Q1... ..|
1

9798.

570.

6.2

29.

641.

79 55.

569.

7. 7

23.

520.

* AVERAGE LOANS OUTSTANDING DURING THE PRECEDING FOUR QUARTERS




(AVERAGE OF END-OF-QUARTER DATA)

25
X A B L B 2 2 4 . 1Q
FEDEBAL LAND BANKS
REFIN A N C I N G AND R E P AYMENTS

QUARTER

1
1.
J
| MILLIONS
OF
1
1 DOLLARS

REFINANCING OF FEDERAL LAND BANK LOANS
I
|
|
|
|

PERCENTAGE CHANGE
FROM PREVIOUS

REPAYMENTS

I
AS PERCENTAGE OF
I
MILLIONS |
I _
| LOANS OUTLOANS
REPAYMENTS
OF
|
| STANDING*
CLOSED
AND
DOLLARS |
1
REFINANCING!
!

QUARTER

YEAR

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

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

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

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

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

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

1965-Q1.... |
-Q2.... |
-Q3.... 1
-Q<*.... 1

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

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

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

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

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

1966-Q1____ |
-Q2.... j
-Q3.... |
-Q4.... 1

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

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

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

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

1967-Q1.... |
-Q2---- 1
-Q3.--- 1
-Q*».... I

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

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

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

1968-Q1. .... |
-Q2.... 1
-Q3.... 1
-Q4.... |

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

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

1969-Q1.... |
-Q2.... i
-Q3.... 1
-Q4---- 1

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

1970-Q1.... 1
-Q2.... j
-Q3.... |
-Q4.... 1

PERCENTAGE CHANGE
FROM PREVIOUS

|
AS
| PERCENTAGE
|
OF
| LOANS OUT1 STANDING*

QUARTER

YEAR

******
63.
57.
93.

*****
*****
-9.7
63.3

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

****
1.9
1.6
2.6

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

88.
69.
62.
105.

-5.2
-21.4
-10.0
67.9

*****
10.0
9.6
12.7

2.4
1.8
1.5
2.5

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

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

103.
69.
62.
101.

-1.8
-32.5
-10.2
61. 1

16. 7
0.2
0.0
-4.0

2.4
1.6
1.3
2. 1

****
****
*♦**
****

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

****
****
****
**♦*

93.
67.
67.
118.

-7.2
-27.8
-0.6
76.9

-9.3
-3.0
7.3
17.8

1.9
1.3
1.3
2.2

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

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

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

****
****
****
♦***

111.
74.
72.
129.

-6.6
-33.2
-2.9
79.3

18.5
9.7
7.2
8.7

2.0
1.3
1.2
2. 1

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

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

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

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

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

119.
81.
73.
125*

-7.4
-32.5
-8.9
70.9

7.8
8.9
2.2
-2.6

1.9
1.3
1.1
1.9

37.
34..
30.
45.

*****
-8.1
-10.4
50.0

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

0.5
0.5
0.4
0.6

13.
13.
14.
17.

24.
31.
28.
26.

116.
75.
77.
130.

-7.6
-35.3
2.4
70.0

-2.9
-7.0
4.5
4.0

1.7
1.1
1. 1
1.8

I971-Q1.... |
-Q2.... |
-Q3.... |
-Q4--- .1

81.
94.
70.
81.

78.9
16.5
-26.3
16.0

120.8
180.0
130.3
78.2

1. 1
1.3
0.9
1.0

21.
22.
19.
21.

37.
48.
41.
34.

137.
101.
100.
160.

5.2
-26.2
-1.3
60.0

18.5
35.2
30.3
22.6

1.9
1.4
1.3
2.1

1972-Q1.--- 1
- Q 2 .... |
-Q3.--- 1
-Q4---- |

99.
98.
113.
133.

22.8
-1.7
15.8
17.6

22.3
3.2
62.2
64.4

1.3

20.
19.
20.
20.

35.
42.
48.
42.

182.
136.
121.
182.

13.6
-25.3
-10.5
49.9

32.4
34.0
21.5
13.3

2,3
1.7
1.4
2. 1

1973-Q1.... 1
-Q2---- 1
-Q3.... 1
-Q4.... i

149.
150.
120.

50.5
53-8
6.0
-16.3

236.
175.
152.
221.

29.5
-25.6
-13.6
45.5

29.7
29.3
24.9
21.3

2.6
1.8
1 >

1.1

17.
18.
17.
15.

39.
46.
44.

111.

12.4
0.5
-20.2
-7.2

1974-Q1.... |
-Q2---- 1
-Q3*..
|
-Q4.... |

135.
159.
152.
154.

21.3
18.3
-4.6
1.1

-9.7
6.3
27.2
38.6

1.2
1.4
1.3
1.2

14.
15.
15.
16.

33.

48.
50.
41.

277.
176.
154.
224.

25.3
-36.4
-12.1
44.7

17.3
0.2
1.8
1.2

2.5
1.5
1.3
1.7

1975-Q1.... |
- Q 2 ---- 1
-Q3 .... |
-Q4---- 1

195.
202.
170.
175.

26.5
3.7
-15.7
2.9

44.4
26.6
11.8
13.7

1.4
1.4
1. 1
1.1

16.
18.
18.
18.

42.
52.
49.
38.

267..
187.
180.
286.

19.4
-29.8
-3.8
58.6

-3.5
6-6
16.6
27.8

2.0
1.3
1.2
1.8

1976-Q1. ....•|
- Q 2 .... |
-Q3.... |
-Q4.... !

219.
239.
201.
230.

25.2
9.2
-15.9
14.2

12.5
18.5
18.3
31-4

1.4
1.4
1.3

17.
20.
20.
21.

38..
48.
47.
41.

362.
262.
231»
330.

26.7
-27.5
-12.1
43.0

35.7
40-. 1
28.0
15.4

2.3
1.6
1.3
1.8

1977-Q1|
-Q2---- 1
-Q3.... |
-Q4.... |

298.
338.
294.
271.

29.6
13.4
-13. 1
-7.7

36.0
41.2
45.9
17.8

1.6
1.7
1.5
1.3

19.
22.
23.
22.

39.
49.
50.
43.

467.
34 8..
298.
363.

41.7
-25.5
-14.5
21.9

29. 1
32.6
29.0
10.0

2.5
1.8
1.5
1.7

1978-Q1---- 1
-Q2.... |
-Q3.... |
-Q4.... |

311.
351.
299.
295.

14.7
12.8
-14.7
-1.5

4.3
3.8
1.9
8.7

1.4
1.6
1.3
1.2

20.
21.
20.

40.
48.
51.
42.

476.
375.
290.
415.

31.2
-21.2
-22.6
43.1

1.8
7.7
-2.5
14.4

2.2
1.7
1.3
1.7

1979-Q1.... |
-Q2.... I
-Q3.^...|
-Q4---- 1

383.
476.
389.
465.

30.0
24.2
-18.3
19.7

23.2
35.6
29.9
57.9

1.6
1.8
1. 4
1.6

19.
21.
21.
21.

43.
55.
55.
52.

498.
385316.
422.

19.9
-22.8
-17.9
33.6

4.6
2-6
8.9
1.7

2.0
1.5
1.2
1.5

1980-Q1--- - |
-Q2.... |
-Q3.... 1
-Q4.... 1

512.
553.
348.
364.

10-1
7.9
-37.1
4.7

33.7
16.2
-10.5
-21.8

1.7
1.7
1.0
1.0

18.
19.
19.
19.

50.
t>4.
53.
47.

511.
311.
308.
406.

21.0
-39.1
-1.1
31.9

2.6
-19. 1
-2. 6
-3. 3

1.7
1.0
0.9
1.2

1981-Q1.... |I
II

578.

58.9

12.9

1.6

19.

53.

504.

24.2

-1.3

1.4

1
1964-Q1.... J
-Q2.... |
-Q3.... 1
-Q4.... |

1.2

1.3
1.5
1.6
1.6

1.2

1.2

22.

33.

* L O A N S O U T S T A N D I N G AT END OF P R E C E D I N G QUARTER.

"REFINANCING OF FEDERAL LAND BANK LOANS" IS COMPUTED AS LOANS CLOSED LESS NEH HONEY LOANED.
"REPAYMENTS" ARE COMPUTED AS NEH HONEY LOANED LESS THE CHANGE IN LOANS OUTSTANDING.




TABLE 224.* 2Q

FEDERAL LAND BANKS
REFINANCING AND REPAYMENTS
SEASONALLY-ADJUSTED ANNUAL RATE
I
I
I
|
QUARTER
I
|
1
1
1964-Q1____ 1
-Q2--- . J
-Q3--- J
-Q4--- |
J
1965-Q1___ |
-Q2--- . J
-Q3--- j
-Q4--- |
1
1966-Q1--- |
-Q2--- |
-Q3--- . |
-Q4--- j
1
1967-Q1... j
-Q2--- . |
-Q3--- . J
-Q4--- |
i
1968-Q1.... _ |
-Q2. ..... . J
-Q3--- . |
-Q4--- |
1
1969-Q1___ .j
-G2--- _J
.|
-Q3---Q4--- j
1
1970-Q1___ .1
-Q2--- .|
-Q3--- .|
-Q4--- .|
I
1971-Q1____-|
-Q2--- .|
-Q3--- -|
-Q4--- .|

REFINANCING OF FEDERAL LAND BANK LOANS

REPAYMENTS

...........................

PERCENTAGE CHANGE
FROM PREVIOUS

MILLIONS
OF
DOLLARS

AS PERCENTAGE OF
|
|
REPAYMENTS
LOANS
1 LOANS OUTCLOSED
AND
| STANDING*
REFINANCING
1

I PERCENTAGE CHANGE
MILLIONS |
FROM PREVIOUS
OF
|_
DOLLARS | ’" q u a r t e r
YEAR

|
AS
| PERCENTAGE
OF
| LOANS OUT­
I STANDING*

QUARTER

YEAR

******
*****4
******
******

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

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

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

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

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

******
304..
287.
342.

*****
*****
-5.7
19.2

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

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

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

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

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

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

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

292.
312.
313.
387.

-14.8
6.9
0.4
23.7

*****
2.4
9. 0
13. 1

7.8
8.0
7.8
5.3

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

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

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

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

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

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

327.
300.
365.
316.

-15.4
-8.2
21.5
-13.5

12.3
-3.6
16.7
-18.4

7.6
6.7
7.8
6,5

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

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

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

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

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

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

296,
346.
362.
446.

-6.2
17.0
4.5
23.4

-9.6
15.2
-0.9
41.4

5.9
6.8
6.9
8.2

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

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

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

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

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

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

362.
389.
340.
415.

-18.9
7.4
-12.6
22.2

22.3
12.3
-6. 1
-7.0

6.4
6.7
5.7
6.9

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

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

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

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

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

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

367.
400..
369.
367.

-11.7
9.1
-7.7
-0.4

1.3
2.9
8.5
-11.5

5,9
6.3
5.7
5.5

173.
151.
93.
160,.

******
-12.8
-38.4
71.8

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

2.6
2.2
1.3
2.3

18.
15.
10.
14.

30.
26.
20.
28.

404,
426.
378.
405,.

10.1
5.4
-11.4
7.3

10.3
6.6
2.4
10.3

6,0
6.2
5.4
5.7

331373.
264.
316.

107.4
12.6
-29.3
19.7

91-4
147.2
183.5
97.6

4.6
5i 1
3.5
4. 1

25.
24.
16.
18.

43.
42.
33.
36.

443.
508.
53 7.
553.

9.4
14.6
5.6
3.0

9.6
19.2
42- 1
36.4

6,1
6.9
7.1
7.1

1

******

******

****
8-9
8.2
9-5

1972-Q1---Q2---Q3---Q4---

.|
.|
.|
.|

401.
377.
450.
549.

27.0
-5.9
19.2
21.9

21.0
1.1
70.6
73.7

5.0
4.6
5.4
6.3

22.
20.
18.
19.

41.
37.
39.
44.

580.
636.
712.
697.

5.0
9.7
11.9
-2. 1

30.9
25.2
32.6
26.0

7.3
7.8
8-5
8.0

1973-Q1___
-Q2---Q3---Q4---

.|
.|
.|
.|

594.
564..
476.
482.

8.2
-5.1
-15.5
1.1

48-0
49.4
5.9
-12.2

6.5
5. 9
4.7
4.6

19.
18.
15.
14.

47.
43.
35.
36.

671.
754.
886.
850.

-3.7
12.4
17.6
-4.2

15-6
18.5
24.6
22.0

7.3
7-9
8.8
8, 1

1974-Q1___
-Q2---Q3---Q4---

.|
.1
.|
.|

529587.
617.
680-

9.8
11.0
5. 1
10.2

-10.9
4.1
29.5
41.1

4.8
5.1
5. 1
5.3

16.
15.
14.
16.

39.
44.
38.
44.

840.
742.
985.
854.

-1.2
-11.6
32.8
-13.4

25.2
-1.6
11.2
0.5

7.6
6.5
8.1
6.6

1975-Q1__ _ .j
-Q2--- -|
-Q3--- .|
-Q4--- - |

754.
730.
719.
772,.

11.0
-3.2
-1.5
7.4

42.6
24.4
16.6
13.6

5.6
5. 1
4.8
5.0

18.
17.
17.
18.

49.
47.
42.
43.

780.
829.
997.
1019.

-8.6
6.3
20.2
2.2

-7. 1
11.7
1.2
19.3

5.8
5.8
6,7
6.6

1976-Q1___ .J
-Q2--- ,|
-Q3--- . J
-Q4--- . i

841.
856.
868.
1008.

8.9
1-8
1.4
16. 1

11.5
17.3
20.7
30.5

5.2
5. 1
5. 0
5.6

18.
20.
19.
21.

42.
42.
43.
46,.

1154.
1178.
1167.
1180.

13.3
2.0
-0.9
1.2

48.0
42.0
17.0
15.9

7.2
7.0
6.7
6.6

1977-Q1___
-Q2--- .|
-Q3--- .|
-Q4--- .I

1134.
1202.
1281.
1187.

12.5
6.0
6.6
-7.3

34.8
40.4
47.6
17.8

6. 1
6.2
6.4
5.7

20.
22.
22.
22.

43.
44.
48.
48.

1518.
1510.
1407.
1307.

28.6
-0.5
-6.8
-7.1

31.6
28.3
20. 6
10.7

8.2
7.8
7.0
6.3

1978-Q1___ .|
-Q2.... .
-Q3--- -i
-Q4--- .|

1196.
1246.
1308.
1274.

0.7
4.2
4.9
-2.6

5.5
3.7
2.1
7.3

5.5
5.6
5.7
5.3

21.
21.
21.
20.

41.
43.
48.
44.

1715.
1663.
1405.
1644.

31.2
-3.0
-15.6
17.1

12.9
10.1
-0. 2
25.8

1979-Q1___ .1
-Q2--- .|
-Q3---Q4--- .|

1501.
1678.
1693.
1994.

17.8
11.8
0.9
17.8

25.5
34.6
29.5
56.6

6. 1
6.5
6.3
7.0

20.
21.
20..
20.

50.
50.
5252.

1490.
1705.
1558.
1853.

-9.0
13.9
-8.6
19.0

-12.7
2.5
10.9
12.7

6.0
6.6
5.8
6.5

1980-Q1___ .J
-Q2--- .|
-Q3--- .|
-Q4---

2056.
1941.
1496.
1546.

3. 1
-5.6
-22.9
3.3

37.0
15.7
-11.6
-22.5

6.9
6.1
4.5
4.4

19.
18.
18.
18.

61.
58.
53.
51.

1336.
1392.
1339.
1496.

-27.9
4.2
-3.8
11.8

-10. 7
-18.4
-14. 1
-19.3

4.5
4,4
4.0
4.3

1981-Q1___ .|
1

2311.

49.5

12.4

6.4

21.

63.

1370.

-8.4

2.6

3.8

* SEASONALLY-ADJUSTED LOANS OUTSTANDING AT END OF PRECEDING QUARTER.
'•REFINANCING OF FEDERAL LAND BANS. LOANS" IS COMPUTED AS LOANS CLOSED LESS NEW MONEY LOANED.
"REPAYMENTS" ARE COMPUTED AS NEW MONEY LOANED LESS THE CHANGE IN LOANS OUTSTANDING.




7.9
7,5
1
6.9

Jo .

TABLE

FEDERAL LAND BANKS
REFINANCING AND REPAYMENTS
FOUR-QUARTER MOVING TOTAL

Z24-3Q

1
1
1
YEAR
| MILLIONS
ENDING—
|
OF
| DOLLARS
1
1
1
1964-Q1___ .j ******
-Q2--- .| ******
-Q3--- J ******
-QU..,. | ******
|

******

REFINANCING OF FEDERAL LAND BANK LOANS

REPAYMENTS

CHANGE FROM
PREVIOUS YEAR
MILLIONS
OF
DOLLARS

CHANGE FROM
I
I|
AS PERCENTAGE OF
MILLIONS |
PREVIOUS YEAR
I
OF
|
I
LOANS
REPAYMENTS! DOLLARS | MILLIONS
i LOANS OUTPERCENT I STANDING*
CLOSED
AND
OF
PERCENT
I
REFINANCING!
I
I DOLLARS

||
AS
|| PERCENTAGE
OF
I|
| LOANS OUTI
| STANDING*

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

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

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

*♦**
****
****
****

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

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

*A****
******
******
******

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

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

1965-Q1---QZ---Q3---Q4---

******

|
j

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

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

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

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

****
****
***♦
****

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

301.
307.
313.
325.

******

j

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

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

6.4
8.3
8.2
8.2

1966-Q1___
-Q2---Q3---Q4---

j
|
|
|

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

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

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

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

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

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

339.
339.
339.
335.

38.
32.
27.
11.

12.7
10.4
8.5
3.3

8.3
8.0
7.7
7.3

1967-Q1___
-Q2---Q3___
-Q4---

|
|
]
|

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

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

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

*♦**
****
****
****

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

****
****
*?**
****

326.
324.
328.
346.

-14.
-16.
-11.
11.

-4.0
-4.6
-3.3
3.3

6.8
6.6
6.5
6.7

1968-Q1. ... .,j
-Q2 ..
|
-Q3--- j
-Q4--- |
l
1969-Q1___ .|
-Q2--- . J
-Q3--- .|
-Q4--- j
t
1970-Q1___ .j
-Q2.... |
-Q3--- j
-Q4--- .(

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

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

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

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

****
****
****
*♦**

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

363..
370.
375.
385.

38.
4647.
39.

11.6
14.3
14. 2
11.3

6.8
6.7
6.6
6.6

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

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

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

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

*♦**
****
****
****

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

394.
400.
402.
399.

30.
30.
27.
13.

8.3
8.2
7.2
3.3

6.6
6.5
6.4
6.2

******
******
******
146.

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

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

****
****
****
2. 1

****
****
****
14.

****
****
****
27.

395.
389.
393.
398.

1.
-11.
-9.
-1.

0.3
-2. 7
-2.3
-0.2

6.0
5.8
5.8
5.8

419.
446.
469.
498.

24.
5676.
101.

6. 1
14.1
19.4
25.3

6.0
6.2
6.4
6.7

543.
577.
599.
621.

124.
132.
130.
123.

29.5
29.6
27.7
24.6

7. t
7.4
7.4
7.5

*****

******

1971-Q1___
-Q2---Q3---Q4---

.|
.|
-|
-|

,190.
251.
291..
326.

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

*****

******

*****
123.2

2.7
3.5
4.0
4.4

17.
20.
20.
21.

31.
36.
38.
40-

1972-Q1---Q2---Q3---Q4 -------

.|
-I
.(
.|

344.
347.
390.
442.

154.
96.
116-

80.7
38.2
34.4
35.7

4.5
4.4
4.8
5.3

20.
20.
20.
20.

39.
38.
39.
42.

1973-Q1___ .|
“Q2 ------- . I
-Q3-------- .J
-Q4-------- . |

492.
545.
552.
530.

148.
198.
161.
88*

43.1
57.0
41.3
19.8

5.7
6. 1
5.9
5.4

19.
19.
18.
17.

42.
43.
43.
40.

67S.
715.
745.
784.

132.
138.
146.
163.

24.3
23.8
24.4
26.2

7.8
8.0
8.0
8.0

1974-Q1-------- ,|
-Q2------- .|
-Q3-------- . |
-Q4.... .|

516.
525.
558.
600.

23.
-20.
6.
70.

4.7
-3.7
1.1
13.3

5.0
4.9
4.9
5-1

16.
15.
15.
15.

38.
39.
40.
42.

825.
825.
828.
830.

150.
110.
83.
47.

2 2 .2

15.4
11.1
6.0

8.0
7.7
7.3
7.0

1975-Q1___ . (
-Q2-------- -|
-Q3--- .|
-Q4--- .|

660.
703.
721.
742-

145.
178.
163.
141.

28.1
33-9
29.3
23-5

5.3
5.3
5-2
5. 1

16.
16.
17.
18.

45.
46.
46.
45.

821.
832.
858.
920.

-4.
7.
3090.

-0.5
0.9
3-7
10.8

6.6
6.3
6.2
6.3

.|
.|
-|
.|

766.
804.
835.
890.

106.
101.
114.
148.

16.0
14.3
15.8
19.9

5.1
5. 1
5. 1
5.2

18.
18.
19.
19.

43.
42.
42.
43.

1015.
10911141.
1185.

195.
258.
283.
265-

23.7
31.0
33.0
28.8

6.7
6-9
7.0
7.0

1977-Q1--- .|
-Q2--- .|
-Q3--- .|
-Q4---

969.
1067.
1160.
1201.

202.
264.
325.
311-

26.4
32.8
38-9
35.0

5.5
5. 8
6. 1
6. 1

20.
20.
21.
21.

43.
44.
45.
45.

1291.
1376.
1443.
1476-

275.
286.
302.
291.

27. 1
26.2
26.5
24.6

7.3
7.5
7.6
7.5

1978-Q1___
-Q2---Q3---Q4---

1976-Q1---Q2---Q3---Q4---

i

180.

to o .

*****

V

.|
.1
-|
-|
I
1979-Q1___ ,|
-Q2--- .|
-Q3------- .|
-Q4 ------- -|

1214.
1226.
1232.
1256.

245.
159.
72.
55.

25.3
14.9
6.2
4.6

5.9
5.8
5.6
5.5

22.
22.
21.
21.

45.
45.
45.
45.

1485.
1512.
1504.
1557.

194.
135.
61.
80.

15.0
9. 8
4.2
5.4

7.3
7. 1
6.9
6.9

1328.
1453.
15421713.

114.
226.
310.
457.

9.4
18.5
25.2
36.4

5.7
6.0
6. 1
6.5

20.
20,.
20.
20.

46.
48.
49.
51.

1579.
1588.
1614.
1621.

94.
77.
110.
64.

6.3
5. 1
7.3
4.1

6.7
6.5
6.3
6. 1

1980-Q1___ .|
-Q2------- .|
-Q3-------Q4 ------- . |

1842.
1919.
1878.
1777.

514.
466.
336.
64.

38.7
32. 1
21.8
3.7

6.6
6.6
6. 1
5. 5

20.
19.
19.
18.

53.
55.
55.
54.

1634.
1560.
1552.
1535.

55.
-28.
-62.
-85.

3.5
-1.8
-3.8
-6 .3

5. 9
5.3
5.0
4.7

1981-Q1___ .|

1843.

1.

0.0

5.4

19.

55.

1529.

-105.

-6.4

4.5

_1_

* AVERAGE LOANS OUTSTANDING DURING THE PRECEDING FOUR QUARTERS (AVERAGE OF END-OF-QUARTER DATA).
'•REFINANCING OF FEDERAL LAND BANK LOANS" IS COMPUTED AS LOANS CLOSED LESS NEW MONEY LOANED.
"REPAYMENTS" ARE COMPUTED AS NEW HONEY LOANED LESS THE CHANGE IN LOANS OUTSTANDING.




28

TABLE 231. 1Q
LIFE INSURANCE COMPANIES
FARM MORTGAGES OUTSTANDING AMD ACQUIRED

QUARTER

1961-Q1---Q2---Q3---Q4---

I
I
|
I
|
|
I
I
|
|
|
.|
I
.|

FARM MORTGAGES OUTSTANDING
MILLIONS OF DOLLARS
END OF
QUARTER

PERCENTAGE CHANGE
FROM PREVIOUS

CHANGE FROM PREVIOUS
QUARTER
OUARTER

YEAR

YEAR..

3004.
3078.
3128.
3170.

21.
74.
50.
42.

148.
169.
182.
187-

0.7
2.5
1.6
1.3

5.2
5.8
6.2
6.3

3212.
3286.
3346.
3400.

42.
74.
60.
54.

208.
208.
218.
230.

1.3
2.3
1.8
1.6

6.9
6.8
7.0
7.3

3464.
3592.
3713.
3792..

64.
128.
121.
79.

252.
306.
367.
392.

1.9
3.7
3.4
2.1

7.8
9.3
11.0
11.5

1962-Q1---Q2--"Q3.... .|
-Q4--- J
1
1963-Q1--- |
-Q2.... .|
-Q3--- |
-Q4--- |
1
1964-Q1--- |
-Q2.... |
-Q3--- 1
-Q4---- |
I
1965-Q1---- |
-Q2.... |
-Q3--- |
-Q4.... |

3921.
4086.
4197.
4304.

129.
165.
111.
107.

457.
494.
484.
512.

3.4
4.2
2.7
2.5

13.2
13.8
13.0
13.5

4425.
4583.
4686.
4823.

121.
158.
103.
137.

504.
497489.
519.

2.8
3.6
2.2
2.9

12.9
12i2
11.7
12-1

1966-Q1--- |
-Q2.... |
-Q3.... |
-Q4.....|

4968.
5165.
5227.
5240.

145.
197.
62.
13.

543.
582.
541.
417.

3.0
4.0
1.2
0.2

12.3
12.7
11.5
8.6

1967-Q1--- J
-Q2--- 1
-Q3--- .1
-Q4--- |

5274.
5377.
54635569.

34.
103.
86.
106-

306.
212.
236.
3Z8.

0.6
2.0
1.6
1-9

6.2
4.1
4.5
6.3

1968—Ql___ |
-Q2--- .1
-QJ--- |
-Q4--- |

5634.
5731.
5776.
5803.

65.
97.
45.
27.

360.
354.
313234.

Xm 2

1.7
0.8
0.5

6.8
6.6
5.7
4.2

1969-Q1--- -.|
-02.... .|
-Q3.... ,|
-Q4---- •r

5785.
5849.
5865.
5773-

-18.
64.
16.
-92.

151.
118.
89.
-30.

-0.3
1.1
0.3
-1.6

2.7
2.1
1.5
-0.5

1970-Q1 ... ...|
-02.... .4
-Q3---- .|
-Q4----.|

5675.
5670.
5667.
5649.

-98.
-5.
-3-18.

-110.
-178.
-198.
-124.

-1.7
-0.1
-0.1
-0.3

-1.9
-3.1
-3.4
-2.1

197I-Q1.....•i
-Q2----.{
-03.---.1
-Q«----

5545.
5564.
5594.
5601.

-104.
18.
30.
7.

-130.
-106.
-73.
-48.

-1.8
0.3
0.5
0.1

-2.3
-1.9
-1.3
-0.8

1972-Q1---- .|
-02----.|
-03----.|
-Q4.....|

5535.
5582.
5617.
5678.

-66.
47.
35.
61.

-10.
18.
23.
77.

-1.2
0.8
0.6
1. 1

-0.2
0.3
0.4
1-4

1973-Q1---- .|
-Q2----.|
-03----.|
-Q4----.|

5643.
5737.
5867.
5996.

-35.
94.
130.
129.

108.
155.
250.
318.

-0.6
1.7
2.3
2.2

2.0
2.8
4.5
5.6

1974-Q1----.|
-Q2----.|
-03----.|
-Q4----.I

5999.
6128.
6247.
6327.

3.
129.
119.
80.

356.
391.
380.
33t.

0.1
2.2
1.9
1-3

6.3
6.8
6.5
5.5

1975-Q1____.1
-Q2----.|
-03---- .|
-Q4----.|

6428.
6573.
6631.
6753.

101.
145.
58122.

429.
445.
384.
426.

1.6
2.3
0.9
1.8

7.2
7.3
6.1
6.7

1976-Q1____.|
-02----.|
-Q3---- 1
-Q4---- .|

6815.
7005.
7184.
7425.

62.
190.
179.
241.

387.
432.
553.
672.

0.9
2.8
2.6
3.4

6.0
6.6
8.3
10.0

1977-Q1____.|
-02---- .|
-Q3---- .|
-Q4---- .|

7640.
8139.
8475.
8842.

215.
499.
336.
367.

825.
1134.
1291.
1417.

2.9
6.5
4.1
4.3

12.1
16.2
18.0
19.1

1978-Q1....
-02---- .|
-03.... .|
—Q4.... .(

8205.
9712.
10116.
10499.

363.
507.
404.
383.

1565.
1573.
1641.
1657.

4. 1
5.5
4.2
3.8

20.5
19.3
19.4
18.7

1979-Q1____.(
-Q2____
-03.... .|
-Q4.... .1

10927.
11480.
11864.
12180.

428.
553.
384.
316.

1722.
1768.
1748.
1681.

4. 1
5.1
3.3
2.7

18.7
18.2
17.3
16.0

1980-Q1.... .|
-02.... .|
-03---- .|
—Q4---- .|

12400.
12682.
12729.
12844.

220.
282.
47.
115.

1473.
1202.
865.
664.

1-8
2.3
0.4
0.9

13-5
10.5
7.3
5.5

1981-Q1____ .|

12943.

99.

543.

0.8

4.4




_L__

FARM MORTGAGES ACQUIRED
1
1
MILLIONS OF DOLLARS
| PERCENTAGE CHANGE
1
FROM PREVIOUS
J
1
1 ACQUIRED || CHANGE FROM PREVIOUS|
YEAR
IN
|I
1 QUARTER
1
yea r
1
| . QUARTER. Jl QUARTER
I
3.
34.5
2.0
156.
40.
1
148.
-8.
36.
-5.1
32.1
1
-26.4
.26.7
-39.
23.
109.
1
30.3
22.4
33.
26.
142.
1
1
22-4
49.
35.
34.5
191.
1
5.4
156.
-35.
8.
-18.3
1
-34.
13.
-21.8
11-9
122.
1
23-0
150.
28.
5.6
8.
1
1
234.
84.
43.
56.0
22.5
1
71.
45.5
227.
-7-3.0
1
206.
-21.
84.
-9.3
68-9
1
-3.4
32-7
-7.
49.
199.
1
1
38.5
324.
125.
90.
62.8
1
273.
-51.
46.
-15* 7
20.3
1
-1.
-0.5
205.
-68.
-24.9
1
46.
245.
40.
19.5
23.1
«
1
17-9
382.
137.
58.
55.9
1
7.7
294.
-88.
21.
-23.0
1
-2.
-1.0
-91.
-31.0
203.
1
33.0
270.
67.
10.2
25.
h
1
43.7
388.
118.
6.
1.6
1
-66.
28.
-17.0
9.5
322.
1
-176.
-57.
-54.7
146.
-28.1
1
138.
-8.
-5.5
-132.
-48-9
1
1
-169.
-43.6
81.
58.7
219.
1
-14.
-6.4
-117.
-36.3
205.
1
174.
-15.1
-31.
28.
19.2
1
37.4
65.
101.
73.2
239.
1
1
16.7
27.4
279.
40.
60.
1
-2-4
200.
-79.
-5.
-28.3
1
-62.
-31.0
-20.7
-36.
138.
1
-84.
12-3
-35.1
155.
17.
1
1
26.5
-29.7
196.
41.
-83.
1
-18.
178.
-11.0
-22.
-9.2
r
-46.1
-30.4
96.
-82.
-42.
i
-27.1
-54.8
70.
-26.
-85.
i
i
80.
10.
-116.
14-3
-59.2
i
78.
- to o .
-2.5
-56-2
-2»
68.
-10.
-28.
-12.8
-29-2
t
88.
20.
29.4
18.
25-7
i
i
92.
12.
4.
4.5
15.0
i
137.
45.
75.6
59.
48.9
t
127-10.
59.
86.8
-7.3
i
67.0
147.
15.7
20.
59.
i
i
12.
159.
67.
72.8
8.2
t
17920.
42.
12.6
30-7
i
28.
-24.
-13.4
155.
22.0
i
20752.
60.
33.5
40.8
i
i
64.
223.
16.
7.7
40.3
i
247.
24.
38.0
68.
10.8
i
0.
247.
92.
0.0
59.4
i
289.
42.
t7.0
39.6
82.
i
i
277.
54.
-12.
-4.2
24.2
i
284.
37.
7.
2.5
15-0
i
224.
-60.
-23.
-21.1
-9.3
i
-67.
-0. 9
-2.
222.
-23-2
i
i
141.
86.
363.
63.5
31.0
i
270.
-14.
-93.
-25.6
-4.9
i
170.
-100.
-54.
-24.1
-37.0
i
272.
22-5
102.
50.
60.0
i
i
80.
-11.
29.4
352.
-3-0
i
384.
114.
9.1
42.2
32.
i
367.
197.
-17.
-4.4
115.9
i
437.
70.
165.
60.7
19-1
i
i
197.
549.
112.
25.6
56.0
i
748.
364.
199.
94.8
36.2
i
565.
-183.
198.
-24.5
54.0
i
161.
598.
33.
5.8
36-8
i
i
94.
143.
692.
15.7
26-0
i
107.
799.
51.
15.5
6.8
i
640.
-159.
75.
-19.9
13.3
i
617.
-23.
19.
-3.6
3.2
i
i
840.
223.
148.
36. 1
21.4
i
878.
38.
79.
4.5
9-9
i
576.
-302.
-64.
-34.4
-10.0
i
585.
9.
-32.
1.6
-5.2
i
i

i

624.
545.
226.
367.

39.
-79.
-319.
141.

-216.
-333.
-350.
-218.

6.7
-12.7
-58.5
62.4

-25.7
-37.9
-60.8
-37.3

i
i

401.

34.

-223.

9.3

-35-7

i
i
i

_ L

29

TABLE 231-2Q

LIFE INSURANCE COMPANIES
FARM MORTGAGES OUTSTANDING AND ACQUIRED
SEASONALLY-ADJUSTED DATA

I
I
I
QUARTER
|
I
I
I
I
I
1961-Q1____ |
-Q2.... j
-Q3.... |
-Q4.... I

FARM MORTGAGES OUTSTANDING
MILLIONS OF DOLLARS

FARM MORTGAGES ACQUIRED

PERCENTAGE CHANGE
FROM PREVIOUS

CHANGE FROM PREVIOUS

END OF
QUARTER

_

QUARTER
(SAAR)

MILLIONS OF DOLLARS
ACQUIRED
IN
QUARTER
(SAAR)

|
1
| CHANGE FROM PREVIOUS|
1
1
( QUARTER
YEAR
|
1
1

QUARTER
(SAAR)

YEAR

3014.
30683120.
3171-

123.
222.
214.
206.

150.
168180.
187-

4. 1
7.3
7.0
6.6

5.2
5.8
6.1
6.3

487,.
573.
560639.

-99.
444.
-52.
391.

1962-Q1____ |
-Q2.... |
-Q3..... |
-Q4---- 1

32243274.
33373402.

219.
203.
260.
267.

210.
205.
216.
231.

6-9
6.3
7.9
8.0

7.0
6.7
6.9
7.3

605.
588.
624.
684.

1963-Q1.... |
-Q2....-I
-Q3.... |
-Q4.... I

3477.
35763702.
3795-

314.
411*.
534.
383.

253.
302.
366.
393.

9.2
11.8
14.9
10.3

7.9
9.2
11.0
11.6

1964-Q1____ |
-Q2.... |
-Q3.... 1
-Q4.... 1

3936..
4065.
4185.
4306.

597.
543.
504.
505.

458.
489.
4 83.
512.

15.7
13.8
12.4
12. 1

1965-Q1.... J
-Q2.... |
-Q3.... |
-Q4---- 1

4440.
45584673.
4823.

561.
489.
480.
628.

505.
493.
488.
517.

1966-Q1____ |
-Q2.... |
-Q3.... |
-Q4.... |

4984.
5137.
5213.
5236.

679640.
308.
95.

1967-Q1.... |
-Q2.... |
-Q3---- 1
-Q4.... |

52925352.
5446.
5560.

1968-Q1.... |
-Q2.... |
-Q3.... 1
"Q4.... t

YEAR

PERCENTAGE CHANGE
FROM PREVIOUS
QUARTER

YEAR

15.
134.
119.
125.

-19.2
91.2
-9. 1
69.9

3.3
30.4
27.1
24.3

-126.
-64.
156.
277.

117.
15.
64.
45.

-19-7
-10-6
26.6
44.4

24.1
2.6
11.5
7.0

736.
844.
1063.
901.

235.
535.
1279.
-515.

131256.
439.
217.

34.4
72.7
151.6
-48.5

21.7
43.5
70.4
31.7

13.2
13.7
13.0
13.5

1028.
1002.
1078IHO.

627.
-101.
345.
133.

291.
158.
15.
210.

69-6
-9.8
34.4
12.3

39-6
18.7
1.5
23.3

13.0
11.0
10.5
13-4

12.8
12.1
11.7
12.0

1183.
1076.
1082.
1177.

322.
-373.
23.
434.

155.
75.
4.
67-

29.0
-31.6
2. 1
40-1

15.1
7.5
0.3
6.0

544.
580.
539.
413.

14.1
12.8
6.0
1.8

12.3
12.7
11.5
8.6

1224.
1164.
779.
634.

198.
-221.
-931.
-437.

40.
88.
-303.
-543.

16.8
-18.0
-80.0
-56.1

3.4
8.2
-28.0
-46.2

228.
242.
388.
469.

308.
215.
234.
324.

4.4
4.6
7.2
8.6

6.2
4.2
4.5
6.2

713749.
919.
1014.

383.
154.
951.
442.

-510.
-415.
141.
380.

60.5
21.6
126.9
48. 1

-41.7
-35.7
18.1
60.0

5656.
5711.
5756.
5787.

395222.
182.
1-26.

364,.
359.
310.
227.

7.1
3.9
3.2
2.2

6.9
6.7
5.7
4.1

938.
722.
708.
638.

-271.
-610.
-53.
-242.

225.
-27.
-211.
-376.

-26-7
-65-0
-7.3
-34-1

31.6
-3.6
-23.0
-37.1

1969-Q1____ |
"Q2.... |
-Q3---- 1
-Q4.... |

5811.
5836.
5842.
5751.

97.
9925.
-355.

155.
125,
86.
-36.

1.7
1.7
0.4
-6.1

2.7
2.2
1.5
-0.6

675.
648.
469.
306.

159.
-100.
-471.
-385.

-264.
-74.
-240.
-332.

24.9
-14-9
-72.7
-81.7

-28-1
-10.2
-33.8
-52.0

1970-Q1.... |
-Q2---- 1
-Q3.... |
-Q4.... |

5704.
5663.
5643^
5623.

-185.
-161.
-80.
-83.

-107.
-172.
-199.
-129.

-3.2
-2.8
-1.4
-1-5

-1.8
-3.0
-3.4
-2.2

294.
282.
337.
368.

-45.
-46.
290.
744.

-380.
-366.
-132.
62.

-14.8
-15.7
T02.9
42.8

-56.4
-56.5
-28.2
20.1

1971-Ql.... |
-Q2.... |
-Q3.... |
-04.... 1

5576.
5561.
5571.
5572.

-184.
-58.
37.
6.

-128.
-102.
-73-51.

-3.3
-1.0
0.7
0.1

-2.2
-1.8
-1.3
-0.9

335.
499.
589.
612.

-715.
1315.
471.
99.

41.
217.
253.
244.

-31.3
392.6
94.3
16.7

13.8
76.9
75.0
66.4

1972-Q1---- 1
-Q2.... |
-Q3---- 1
-Q4.... |
i
1973-Q1---- 1
-Q2.... |
-Q3---- 1
-Q4---- |
1
1974-Q1.... |
-Q2---- 1
-Q3.... |
-Q4---- 1

5567.
5580.
5594.
5648.

-19.
52.
57.
216.

-9.
19.
24.
76.

-0.3
0.9
1.0
3.9

-0.2
0.3
0.4
1.4

572.
653.
713.
833.

-145.
398.
273.
616.

237.
154.
123.
220.

-23.7
69.6
41.7
86.4

70.9
30.9
20.9
36.0

5675.
5733.
5845.
5966.

111.
235.
461.
497.

108.
153.
251.
318.

2.0
4. 1
8.0
8.5

1.9
2.7
4.5
5.6

835906.
1146.
1233.

11.
320.
1413392.

263.
253.
433.
401.

1.3
38-3
156.0
34.2

46.0
38.7
60.8
48.1

6032.
6119.
62256298.

272353.
434.
300.

357.
386.
380.
333.

4.6
5-9
7. 1
4.8

6.3
6.7
6.5
5.6

1025.
10371035.
957.

-644.
46-9.
-276.

190.
131.
-111.
-276.

-52.2
4.5
-0.9
-26.7

22r8
14.4
-9.7
-22.4

19 7 5 - Q 1 ... |
-Q2.... |
-Q3---- 1
-Q4.... |
I
1976-Q1.... |
-Q2---- 1
-Q3.... |
-Q 4 |
1
1977-Q1____ |
-Q2.... |
-Q3....-I
-Q4.... 1
I
1978-Q1____ |
-Q2.... |
-Q3.... |
-Q4---- 1
I
1979-Q1.... |
-Q2.... |
-Q3.... |
-Q4---- 1

6462.
6557.
6608.
6727.

683.
384.
207.
492.

430.
438.
383429.

10.8
5.9
3.2
7.5

7.1
7.2
6.2
6.8

1393.
969.
800.
1088.

3339-1067.
-519.
1937.

368.
-67.
-234.
131.

348.8
-76.6
-53.6
242.0

35.9
-6.5
-22.6
13.7

6851.
6979.
7159.
7402.

506.
530745.
1022.

388.
423.
551.
674.

7.5
7.7
10.7
14.3

6.0
6.4
8-3
10.0

1323.
1366.
1730.
1778-

1290.
1812146.
202.

-70.
397.
930.
690.

118.5
13.7
157. 1
11.7

-5.0
40.9
116.2
63.4

7678.
8101.
8447.
8822.

1170.
1837.
1477.
1601.

8281122.
1289.
1421.

15.8
23.9
18.2
19.0

12.1
16. 1
18.0
19-2

2055.
2601.
2692.
2447.

13913226.
381.
-855.

7311235.
962.
668.

78.2
157.0
14.6
-31.8

55-3
90.4
55.6
37.6

9247.
9659.
10079.
10468.

1826.
1760.
1794.
1649-

1569.
1557.
1631.
1646.

20.7
19-0
18.6
16.4

20.4
19.2
19.3
18.7

2628.
2733.
3090.
2665.

810.
449.
1732.
-1380.

573.
132.
398.
219.

33. 1
17.1
63.4
-44.7

27.9
5.1
14.8
8.9

10981.
11413.
11822.
12146.

2210.
1829.
1725.
1354.

1734.
1754.
1743.
1678-

21. 1
16.7
15. 1
11.4

18.8
18.2
17.3
16.0

3170.
2959.
2808.
2614.

2665.
-763.
-558.
-700.

542.
225.
-282-51.

100.0
-24. 1
-18.8
-24.9

20.6
8.2
-9.1
-1.9

12461.
12605.
12687.
12816.

1308.
585.
334.
524.

1479.
1192.
866.
670.

10.8
4.7
2.7
4. 1

13.5
10.4
7.3
5.5

2445.
1837.
1109.
1520.

-614.
-1666.
-1593.
2805.

-725.
-1122-1700.
-1094.

-23.5
-68. 1
-86-7
253.0

-22.9
-37.9
-60-5
-41.9

13006.

775.

545.

6.0

4.4

1602.

357.

-843.

23.5

-34.5

1

1980-Q1---- 1
-Q2.... |
-Q3---- 1
-Q4.... |
1

1981-Q1.... |
____________ L







30

TABLE 231.3Q

LIFE INSURANCE COMPANIES
FARM MORTGAGES ACQUIRED
FOUR-QUARTER MOVING TOTAL

YEAR
ENDING—

I
I MILLIONS |
OF
|
I
I DOLLARS |
I
JL__________ I

CHANGE FROM
PREVIOUS YEAR
MILLIONS
OF
DOLLARS

PERCENT

1
|

AS PERCENTAGE OF
OUTSTANDING

| MORTGAGES*

COMMITMENTS*

1961-Q1___
-Q2---Q3---Q4---

|
|
|
1

470.
506.
529.
555.

-25.
34.
66.
88.

-5.1
7.2
14.3
18.8

16.
17.
18.
18.

639.
664.
668.
651.

1962-Q1---Q2....
-Q3....
-Q4....

|
I
]
|

590.
598.
611.
619.

120.
92.
82.
64.

25.5
18.2
15.5
11.5

19.
19.
19.
19.

647.
628.
617.
610.

1963-Q1___
-Q2....
-Q3---Q4....

|
i
I
|

662.
733.
817.
866.

72.
135.
206.
247.

12.2
22.6
33.7
39.9

20.
22.
24.
24.

623.
639.
662.
655.

1964-Q1....
-Q2....
-Q3....
~Q4....

|
|
|
|

956.
1002.
1001.
1047.

294.
269.
184.
181.

44.4
36.7
22.5
20.9

26.
27.
26.
26.

636.
616.
576.
549.

1965-Q1....
-Q2....
-Q3....
-Q4i---

|
|
I
I

1105.
1126.
1124.
1149.

149.
124.
123.
102.

15.6
12.4
12.3
9.7

27.
26.
26.
26.

548.
537.
520.
515.

1966-Q1....
-Q2....
-Q3....
-Q4....

|
|
|
I

1155.
1183.
1126.
994.

50.
57.
2.
-155.

4.5
5.1
0.2
-13.5

25.
25.
23.
20.

497.
476.
454.
425.

1967-Q1....
-Q2---Q3....
-Q4....

|
I
|
I

825.
708.
736.
837.

-330.
-475.
-390.
-157.

-28.6
-40.2
-34.6
-15.8

16.
14.
14.
16.

391.
389.
417.
453.

1968-Q1___ I
-Q2--- |
-Q3.... !
-Q4•...

897.
892.
856.
772.

72.
184.
120.
-65.

8.7
26.0
16.3
-7.8

17.
16.
15.
14.

456.
427.
396.
376.

1969-Q1.... .|
-Q2.... .|
-Q3.... .1
-Q4---- .1

689.
667.
62S.
540.

-208.
-225.
-231.
-232.

-23.2
-25.2
-27.0
-30.1

12.
12.
11.
9.

355.
353.
353.
300.

1 9 7 0 - Q 1 ....>|
-Q2.... r|
-Q3.... .1
-Q4.... .|

424.
324.
296.
374.

-265.
-343.
-329.
-226.

-38.5
-51.4
-52.6
-41.9

7.

6.
5.
6.

235.
185.
168.
188.

1971-Q1____ .(
.1
-Q3....
-Q4---- .|

326.
385.
444.
503.

-98.
61.
148.
189.

-23.1
18.8
50.0
60.2

6.
7.
8.
9.

213.
258.
290.
303.

1972-Q1.... ,|
-Q2.... .|
-Q3.... .|
-Q4.... .|

570.
612.
640.
700.

244.
227.
196.
197.

74.8
59.0
44.1
39.2

10.
11.
11.
13.

299.
273.
247.
239»

1973-Q1.... .|
-Q2.... .|
-Q3.... ,|
-Q4.... .|

764.
832.
924.
1006.

194.
220.
284.
306.

34.0
35.9
44.4
43.7

14.
15.
16.
18.

242.
243.
242.
240.

1974-Q1.... .|
-Q2.... ,|
-Q3.... .|
-Q4.... ,|

1060.
1097.
1074.
1007-

296.
265.
150.
1.

38.7
31.9
16.2
0.1

18.
19.
18.
17.

235.
228.
205.
179.

1975-Q1.... .J
-Q2.... ,|
-Q3.... ,|
-Q4.... .1

1093.
1079.
1025.
1075.

33 i
-18.
-49.
68.

3.1
-1.6
-4.6
6.8

18.
17.
16.
17.

185.
187.
198.
230.

1976-Q1.... |
-Q2.... ,|
-Q3.... 1
-Q4.... I

1064.
1178.
1375.
1540.

-29.
99.
350.
465.

-2.7
9.2
34.1
43.3

16.
18.
20.
22.

242.
265.
295.
316.

1977-Q1.... |
-Q2.... ,|
-Q3.... |
-Q4.... |

1737.
2101.
2299.
2460.

673.
923.
924.
920.

63.3
78.4
67.2
59.7

24.
29.
30.
31.

340.
388.
392.
383.

1978-Q1....
-Q2....
-Q3....
-Q4....

|
|
|
I

2603.
2654.
2729.
2748.

866.
553.
430.
288.

49.9
26.3
18.7
11.7

31.
31.
30.
29.

374.
353.
340.
330.

1979-Q1....
-Q2....
-Q3....
-Q4....

|
|
|
|

2896.
2975.
2911.
2879.

293.
321.
182.
131.

11.3
12.1
6.7
4.8

29.
29.
27.
26.

334.
341.
327.
315.

1S80-Q1.... |
-Q2.... ,I
-Q3.... |
-Q4.... 1

2663.
2330.
1980.
1762.

-233.
-645.
-931.
-1117.

-8.0
-21.7
-32.0
-38.8

23^
16.
14.

285.
262.
262.
270.

1981-Q1.... |

1539.

-1124.

-42.2

12.

279.

19.

* AVERAGE AMOUNT OUTSTANDING DURING THE PRECEDING FOUR QUARTERS (AVERAGE OF END-0F-Q’
JARTER DATA)

31
TABLE 232.1Q
LIFE INSURANCE COMPANIES
FARM MORTGAGE COMMITMENTS— OUTSTANDING AND NEH

OUTSTANDING FARM MORTGAGE COMMITMENTS
1.
MILLIONS OF DOLLARS
| PERCENTAGE CHANGE
1
QUARTER
|
1
FROM PREVIOUS
1 END OF | CHANGE FROM PREVIOUS
| QUARTER
YEAR
1 QUARTER |
YEAR _
1 QUARTER
1
1961-Q1.... |
-9.
80.
11-10. 1
15-9
76.
-Q2.... |
-4.
-5.0
18.8
12.
96.
24.
-Q3---- |
20.
26-3
33.3
-Q4---- 1
17.
17.7
113.
24.
27.0

NEH FARM MORTGAGE COMMITMENTS
MILLIONS OF DOLLARS

|
|
MADE IN | CHANGE FROM PREVIOUS
QUARTER |
|
YEAR
I QUARTER

PERCENTAGE CHANGE
FROM PREVIOUS
QUARTER

YEAR

105.
97.
99.
116.

7.
-8.
2.
17.

16.
24.
3018.

7. 1
-7.6
2- 1
17.2

18.0
32.9
43.5
18.4

1962-Q1.... |
"Q2.... 1
-Q3.... |
-Q4---- |

96.
91.
106.
132.

-17.
-5.
15.
26-

16.
1510.
19.

-15. 0
-5.2
16.5
24.5

20.0
19.7
10.4
16.8

119.
101.
106.
133.

3.
-18.
5.
27.

14.
4.
7.
17.

2.6
-15- 1
5.0
25.5

13.3
4.1
7.1
14.7

1963-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... 1

130.
126.
141.
204.

-2.
-4.
15.
63.

34.
35.
35.
72.

-1.5
-3. 1
11.9
44.7

35.4
38.5
33.0
54.5

162.
153.
135.
208.

29.
-9.
-18.
73.

43.
52.
29.
75.

21.8
-5.6
-11.8
54.1

36-1
51.5
27.4
56.4

1964-Q1.... |
-Q2---- |
-Q3. ., .. |
-Q4.... |

180.
170.
209.
247.

-24.
-10.
39.
38.

50.
44.
68.
43.

-11.8
-5.6
22.9
18.2

38-5
34.9
48.2
21.1

200.
183.
196..
212.

-8.
-17.
13.
16.

38.
30.
61.
4.

-3.8
-8-5
7.1
8.2

23.5
19.6
45.2
1.9

1965-Q1____ |
-Q2.... J
-Q3.... 1
-Q4-- .. |

213.
195.
237.
284.

-34.
-18.
42.
47.

33.
25.
2837.

-13.8
-8.5
21.5
19.8

18.3
14.7
13.4
15.0

227.
180.
185.
252.

15.
-47.
5.
67.

27.
-3.
-11.
40.

7.1
-20.7
2.8
36-2

13.5
-1.6
-5.6
18.9

1966-Q1..... j
-Q2.... |
-Q3---- 1
-Q4.... |

278194.
180.
192.

-6.
-84.
-14*
12.

65.
-1.
-57.
-92-

-2- 1
-30.2
-7.2
6.7

30.5
-0.5
-24.1
-32.4

264.
149.
96..
107.

12-115.
-53.
11.

37.
-31-89.
-145.

4.8
-43.6
-35.6
11.5

16.3
-17.2
-48.1
-57.5

1967-Q1____ |
-Q2.... |
-Q3---- 1
-Q4.... |

162.
172213.
240.

-30.
10*
41.
27.

-116.
-22.
33.
48.

-15.6
6-2
23.8
12.7

-41.7
-11.3
18.3
25.0

131.
148.
163.
219.

24.
17.
15.
56.

-133.
-1.
67.
112.

22.4
13.0
10. 1
34.4

-50.4
-0.7
69.8
104.7

1968-Q1____ |
-Q2.... |
-Q3.... |
-Q4.... 1

210.
202.
170.
194.

-30.
-8-32.
24,

48.
30.
-43.
-46.

-12-5
-3.8
-15.8
14. 1

29-6
17.4
-20.2
-19.2

170.
129.
95151.

-49.
-41.
-34.
56.

39.
-19.
-68.
-68.

-22.4
-24.1
-26.4
58.9

29.8
-12-8
-41.7
-31.1

1969-Q1.... |
-Q2.--.-l
-Q3.... |
-Q4.... 1

190.
154.
182.
196.

-4.
-36.
28.
14.

-20.
-48.
12.
2.

-2. 1
-18.9
18.2
7.7

-9.5
-23-8
7.1
1.0

164.
122.
109.
85.

13.
-42.
-13.
-24.

-6.
-7.
14.
-66.

8.6
-25.6
-10.7
-22.0

-3.5
-5.4
14.7
-43.7

1970-Q1____ l
-Q2.... |
-Q3.... |
-Q4.... |

168.
157.
148.
139.

-28.
-11.
-9.
-9.

-223.
-34.
-57.

-14.3
-6.5
-5.7
-6.1

-11.6
1.9
-18.7
-29. 1

52.
75.
50.
94.

-3323.
-25.
44.

-112.
-47.
-59.
9.

-38.8
44.2
-33.3
88.0

-68.3
-38.5
-54.1
10.6

1971-Q1---- 1
-Q2.... |
-Q3.... |
-Q4.... |

154.
171.
199.
239.

15.
17.
28.
40.

-14.
14.
si100.

10.8
11.0
16.4
20. 1

-8.3
8.9
34.5
71.9

110141.
134.
178.

16.
31.
-7.
44.

58.
66.
84.
84.

17.0
28.2
-5.0
32.8

111.5
88.0
168.0
89.4

1972-Q1.... |
-Q2---- |
-Q3.... |
-Q4---- |
1
1973-Q1---- |
-Q2.... |
-Q3---- 1
-Q4.... 1

287.
313.
335.
329.

48.
26.
22.
-6.

133.
142136.
90.

20.1
9.1
7.0
-1.8

86.4
83.0
68.3
37.7

195.
207.
166.
208.

17.
12.
-41.
42.

85.
66.
32.
30.

9.6
6.2
-19.8
25.3

77.3
46.8
23.9
16.9

394.
467.
484.
456.

6573.
17.
-28.

107.
154.
149.
127.

19.8
18.5
3.6
-5.8

37.3
49.2
44.5
38.6

258.
326.
267.
238.

50.
68.
-59.
-29.

63119.
101.
30.

24.0
26.4
-18. 1
-10.9

32.3
57.5
60.8
14.4

1974-Q1.... |
-Q2.... |
-Q3.... |
-Q4---- |
1
1975-Q1.....|
-Q2---- 1
-Q3--- .|
-Q4.... |
1
1976-Q1.... |
"Q2---- 1
-Q3---- 1
-Q4.... |
1
1977-Q1.... |
-Q2---- |
-Q3---- 1
-Q4.... |
I
1978-Q1.... |
-Q2.... |
-Q3---- |
-Q4.... |
1
1979-Q1---- |
-Q2.... |
-Q3.... |
-Q4.... |
l
1980-Q1.... |
-Q2---- |
-Q3.... |
-Q4.... |
1
1981-Q1---- J

520.
640.
636.
570.

64.
120.
-4.
-66.

126.
173.
152114.

14.0
23.1
-0.6
-10.4

32.0
37.0
31.4
25.0

304.
419.
215.
130.

66.
115.
-204.
-85.

46.
93.
-52.
-108.

27.7
37.8
-48.7
-39.5

17.8
28.5
-19.5
-45.4

466.
399.
438.
459.

-104.
-67.
39.
21.

-54.
-241.
-198.
-111.

-18.2
-14.4
9-8
4.8

-10.4
-37.7
-31. 1
-19.5

250.
164.
236.
289.

120.
-86.
7253.

-54.
-255.
21159.

92.3
-34.4
43.9
22.5

-17.8
-60.9
9.8
122.3

479.
490..
520.
553-

20.
1130.
33.

1391.
82.
94.

4.4
2-3
6.1
6-3

2.8
22.8
18.7
20.5

329.
364.
320.
453.

40.
35.
-44.
133.

79.
200.
84.
164.

13.8
10.6
-12. 1
41.6

31.6
122.0
35.6
56.7

603.
671.
745.
768.

50.
68.
74.
23.

124.
181225.
215.

9.0
11.3
11.0
3. 1

25.9
36.9
43.3
38.9

592.
674.
558.
612.

139.
82.
-116.
54.

263310238159.

30.7
13.9
-17.2
9.7

79.9
85-2
74.4
35.1

827.
869.
862.
912-

59.
42.
-7.
50.

224.
198.
117.
144.

7.7
5. 1
-0.8
5.8

37.1
29.5
15.7
18. 8

738.
717.
552.
597.

126.
-21.
-165.
45.

146.
43.
-6.
-15.

20.6
-2-8
-23.0
8.2

24.7
6.4
-1.1
-2.5

850.
942.
948.
996.

-6292.
6.
48.

23.
73.
8684.

-6.8
10.8
0.6
5. 1

2.8
8.4
10.0
9.2

803.
784.
559.
571.

206.
-19.
-225.
12.

65.
67.
7.
-26.

34.5
-2-4
-28.7
2. 1

8.8
9-3
1.3
-4.4

665.
415.
536.
587.

-331.
-250.
121.
51.

-185.
-527.
-412.
-409.

-33.2
-37.6
29.2
9.5

-21.8
-55.9
-43.5
-41.1

374.
124.
323.
412.

-197.
-250.
199.
89.

-429-660.
-236.
-159.

-34.5
-66.8
160.5
27.6

-53.4
-84.2
-42.2
-27.8

483.

-104.

-182.

-17.7

-27.4

265.

-147.

-109.

-35.7

-29.1




LIFE INSURANCE COMPANIES
FARM MORTGAGE COMMITMENTS— OUTSTANDING AND NEW
SEASONALLY-ADJUSTED DATA

TABLE 232.2Q

|
|

OUTSTANDING FARM MORTGAGE COMMITMENTS
MILLIONS OF DOLLARS

|
|

QUARTER

NEW FARM MORTGAGE COMMITMENTS

PERCENTAGE CHANGE
FROM PREVIOUS

CHANGE FROM PREVIOUS

MILLIONS OF DOLLARS

|
|
) CHANGE FROM PREVIOUS
|
| QUARTER
YEAR
|
1

PERCENTAGE CHANGE
FROM PREVIOUS

YEAR

HADE IN
QUARTER
(SAAR)
_

33.8
23.4
60.1
-0.9

15.3
18.1
33.7
27.2

377.
416.
454.
429.

14.
39.
39.
-26.

59.
100.
142.
66.

3.8
10.4
9-3
-5.6

18.4
31-5
45.5
18.1

16.
17.
11.
17.

3.3
26.0
18.5
21.9

19.3
19.9
11.2
17.1

427.
432.
501.
492.

-1.
5.
69.
-9.

50.
17.
47.
63.

-0.3
1-2
15.9
-1.8

13.4
4-0
10.3
14-8

93.
55.
4.
177.

34.
40.
37.
63.

81.5
41.3
2.9
122.0

34.8
38.8
33.9
55.6

577.
645.
640.
762.

85..
67.
-4.
121.

150212.
139.
270.

17.3
11.7
-0.7
19.0

35.1
49.1
27.7
54.8

183.
195.
217.
216.

24.
53.
102.
-0.

51.
51.
71.
39.

13.5
29. 1
52.3
-0. 1

38.4
35.3
49.2
22.2

707.
786949..
763.

-55.
79.
163.
-186-

130.
142.
309.
1.

-7.2
11.2
20.7
-19.6

22.5
22.0
48.2
0.2

|
|
|
|

217.
223.
246.
252.

3.
24.
108.
27.

34.
28.
30.
36.

1.3
11.0
48.6
10.8

18.8
14.3
13.6
16.6

801.
776.
908.
909.

38.
-26.
133.
0.

94.
-10.
-41.
146.

5.0
-3.2
17. 1
0.0

13.3
-1.3
-4.3
19.1

1966-Q1.... i
-Q2---- |
-Q3.... {
-Q4.... |

285.
220.
186.
174.

156.
-183.
-108..
-45.

68.
-3.
-60.
-79.

61.9
-64.2
-48.9
-24.1

31.1
-1.2
-24.3
-31.2

937.
638.
466.
383.

28.
-299..
-173.
-82.

136.
-137.
-443.
-525.

3- 1
-31.9
-27. 1
-17.6

16.9
-17.7
-48.8
-57.8

1967-Q1....
-Q2....
-Q3....
-Q4....

|
|
|
|

166.
192.
219.
222.

-29131.
132.
14.

-119.
-28.
33.
49.

-16.7
78.8
68.6
6.6

-41.7
-12.8
17.5
27.9

469.
640.
779.
779.

85.
171.
139.
-0.

-468.
2.
313.
395.

22.2
36.6
21.7
-0.0

-50.0
0.3
67-3
103.0

1968-Q1....
-Q2....
-Q3....
-Q4....

|
1
J
|

214.
221.
173.
184.

-30.
28.
-138.
48.

48.
29.
-45.
-38.

-13.3
13.0
-62.2
27.5

29.2
15.2
-20.7
-17.1

624.
536.
458.
538.

-155.
-88.
-78.
80.

155.
-104.
-321.
-241.

-19.9
-14.1
t 14. 6
17.4

33.1
-16.3
-41.2
-31.0

1969-Q1....
-Q2....
-Q3....
-Q4....

|
|
|
|

193.
164.
184.
191.

38.
-91.
93.
32-

-22.
-57.
11.
7.

20.4
-47.2
56.5
17.2

-10.0
-25.6
6.1
3.9

620.
488.
504.
315.

83.
-132.
16.
-190.

-3.
-48.
47.
-223.

15-4
-21.3
3.3
-37.6

-0.5
-8.9
10.2
-41.4

1970-Q1.... |
-Q2.... |
-Q3..... |
-Q4.... |

170.
164.
148.
139.

-73.
-21.
-55.
-32.

-23.
-0.
-36.
-52.

-38.2
-12.5
-33.8
-21.4

-12.1
-0.2
-19.5
-27.2

196.
304.
239.
346.

-119.
108.
-65107.

-424.
-184.
-265.
31.

-37.7
54.9
-21.3
44.7

-68.4
-37.7
-52.6
10.0

1971-Q1____
-Q2....
-Q3....
-Q4.....

|
|
|
|

155.
175.
197.
245.

75.
93.
108.
276.

-14.
10.
49.
106.

53.5
60.2
62.0
140.0

-8.5
6.4
33.0
75.8

407.
528.
628..
705.

61.
120.
101.
77.

211.
224.
389.
359.

17.6
29.5
19.1
12.2

107.6
73-6
162.7
103.7

1972-Q1....
-Q2....
-Q3....
-Q4....

|
|
I
|

289.
315.
329.
342.

230.
11959.
54.

134.
141.
132.
97.

93.8
41.2
18.8
16.4

86.4
80.6
67.1
39.5

722.
767.
754.
853.

17.
46.
-13.
99.

315.
240.
126.
148.

2.4
6.3
-1-7
13.1

77-2
45.5
20.1
21.0

1973-Q1....
-Q2----Q3----Q4....

|
i
|
|

398.
466.
474.
476.

288.
345.
33.
11.

109.
150.
145.
134.

84.4
86.5
7.2
2.2

37.7
47.7
43.9
39.3

975.
1249.
1181.
1022.

122.
274.
-67.
-160.

253481.
427.
169.

14-3
28.1
-5.4
-13.5

35.1
62.7
56.6
19.8

1974-Q1____
-Q2....
-Q3....
-Q4----

|
|
1
I

528.
639.
622.
592-

240.
605.
-62.
-113.

129.
173.
149.
116.

50.4
114.7
-9-8
-18.2

32-4
37.2
31.4
24.3

1094.
1555.
945.
564.

73.
460.
-609.
-381.

120.
306,.
-236.
-458.

7.1
42-1
-39.2
-40-3

12.3
24.5
-20.0
-44.8

1975-Q1....
-Q2....
-Q3....
-Q4....

|
|
|
|

473.
399.
430.
470.

-350.
-234.
139.
187.

-54.
-240.
-193.
-122.

-59.2
-49. 5
34.9
43.5

-10.3
-37.5
-30.9
-20.5

902.
620.
1042.
1255.

338.
-282.
422.
213.

-192.
-934.
97.
691.

60.0
-31.2
67.9
20.4

-17.6
-60.1
10.3
122.6

1976-Q1....
-Q2....
-Q3....
-Q4....

|
|
|
I

486.
495.
514.
557.

65.
39.
80.
192.

13.
96.
84.
86.

13.8
7.9
16. 1
37.4

2.7
24.2
19.6
18.3

1199.
1381.
1429.
1892.

-56.
182.
48.
464.

297.
761.
387.
637.

-4.5
15.2
3.4
32.5

32.9
122.6
37.1
50.8

1977-Q1....
-Q2....
-Q3----Q4....

1
|
|
|

611.
686.
741.
762.

251.
361.
245.
90.

125.
191.
227.
205.

45. 1
59.1
35.8
12. 1

25.7
38.5
44. 1
36.9

2151.
2611.
2508.
2460.

258.
460.
-103.
-47.

952.
1230.
1079.
568.

13.6
21.4
-3.9
-1.9

79.4
89.0
75.5
30.0

1978-Q1....
-Q2....
-Q3....
-Q4....

|
|
|
|

838.
900.
859.
894.

353.
276.
-151.
146.

227.
214.
119.
132.

46.3
32-9
-16-8
17.0

37.2
31.1
16.0
17.3

2684.
2920.
2516.
2314.

224.
235.
-403.
-202.

534.
309.
8.
-146.

9. 1
8.8
-13.8
-8.0

24.8
11.8
0.3
-5.9

1979-Q1....
-Q2....
-Q3....
-Q4----

|
|
|
|

862.
982.
944.
969.

-119.
590.
-144.
104.

24.
82.
85.
75.

-13.3
68. 4
-14.7
11.0

2.9
9.2
9.9
8.4

2959.
3117.
2532.
2182.

645.
158.
-585.
-350.

275.
198.
16.
-132.

27.9
5.3
-18.8
-13.8

10.2
6.8
0.6
-5.7

1980-Q1....
-Q2....
-Q3....
-Q4....

1
|
|
|

674.
434.
534.
569.

-742.
-558.
555.
156.

-188.
-548.
-411.
-400.

-76.6
-82.8
127.9
29.2

-21.8
-55.8
-43.5
-41.3

1359.
532.
1442.
1552.

-823-827.
910.
110.

-1600.
-2585.
-1090.
-830.

-37.7
-60.9
171. 1
7.6

-54.1
-82.9
-43.0
-28.9

1981-Q1.... |

490.

-256.

-185.

-45. 1

-27.4

969.
__ 1L ___

-583.

-389.

-37. 5

-28.7

J
|
1

END OF |
QUARTER |
1

1961-Q1....
-Q2----Q3----Q4----

|
|
1
1

82.
87.
97.
97.

26.
19.
52.
-1.

11.
13.
25.
21.

1962-Q1....
-Q2....
-Q3....
-Q4....

|
1
j
|

98.
104.
108.
114.

3.
25.
19.
24.

1963-Q1....
-Q2....
-Q3....
-Q4....

J
|
1
1

132.
144.
145.
177.

1964-Q1....
-Q2....
-Q3....
-Q4....

|
|
|
|

1965-Q1....
-Q2....
-Q3....
-Q4....




QUARTER
(SAAR)

YEAR

|
i

QUARTER
(SAAR)

QUARTER

YEAR

.3
TABLE 232.3Q
LIFE INSURANCE COMPANIES
NEW FARM MORTGAGE COMMITMENTS
FOUR-QUARTER MOVING TOTAL

CHANGE FROM

1
_____ 1
1
1 9 6 1 - Q 1 ..... |
- Q 2 ..... 1
- Q 3 ..... |
- Q 4 ..... I

____

_

1
____ I

OF
DOLLARS

AS PERCENTAGE OF

PERCENT

|

MORTGAGES*

CO M M ITM EN TS*

(

ACQUIRED

C O MM I T M E I

I

345.
369.
399.
417.

3.
30.
72.
88.

0.9
8.8
22.0
26.7

12.
12.
13.
14.

469.
484.
503.
489.

73.
73.
75.
75.

110.
111.
115.
116.

1 9 6 2 - Q 1 ..... |
- Q 2 ..... 1
- Q 3 ..... |
- Q 4 ..... |

431.
435.
442.
459.

86.
66.
43.
42.

24.9
17.9
10.8
10. 1

14.
14.
14.
14.

472.
457.
446.
452.

73.
73.
72.
74.

114.
113.
114.
115.

1 9 6 3 - Q 1 ..... |
- Q 2 ..... |
- Q 3 ..... I
- Q 4 ..... 1

502.
554.
583.
658.

71.
119.
141.
199.

16.5
27.4
31.9
43.4

15.
16.
17.
19.

472.
483.
472.
498.

76.
76.
71.
76.

121.
120.
119.
126.

1 9 6 4 - Q 1 ..... |
- Q 2 ..... j
- Q 3 ..... |
- Q 4 ..... |

696.
726.
787.
791.

194.
172.
204.
133.

38.6
31.0
35.0
20.2

19.
19.
20.
20.

463.
446.
453.
415.

73.
72.
79.
76.

118.
116.
120.
115.

1 9 6 5 - Q 1 ..... ]
- Q 2 ..... i
- Q 3 . ---- 1
- Q 4 ..... |

818.
815.
804.
844.

122.
89.
17.
53.

17.5
12.3
2.2
6.7

20.
19.
18.
19.

406.
389.
372.
378.

74.
72.
72.
73.

114.
113.
113.
114.

1 9 6 6 - Q 1 ..... |
- Q 2 ----- |
- Q 3 ..... 1
- Q 4 ..... 1

881.
850.
761.
616.

63.
35.
-43.
-228.

7.7
4.3
-5 . 3
-27 . 0

19.
18.
15.
12.

379.
342.
307.
263.

76.
72.
68.
62.

118.
109.
102.
96.

1 9 6 7 - Q 1 ..... |
- Q 2 ..... I
- Q 3 ..... |
- Q 4 ..... |

483.
482.
549.
661.

-398.
-368.
-212.
45.

-45.2
-43.3
-27.9
7.3

9.
9.
10.
12.

229.
265.
311.
358.

59.
68.
75.
79.

89.
105.
116.
116.

1968 - Q 1 ..... J
- Q 2 ..... |
- Q 3 ..... |
- Q 4 ..... I

700.
681.
613.
545.

217.
199.
64.
-116.

44.9
41.3
11.7
-17.5

13.
12.
11.
10.

356.
326.
283.
265.

78.
76.
72.
71.

116.
114.
103.
103.

1 9 6 9 - Q 1 ..... |
- Q 2 ..... j
- Q 3 ----- |
- Q 4 ..... 1

539.
532.
546.
480.

-161.
-149.
-67.
-65.

-23.0
-21.9
- 10.9
-11 . 9

9.
9.
9.
8.

278.
281.
308.
267.

78.
80.
87.
89.

109.
105.
117.
115.

1 9 7 0 - Q 1 ..... |
- Q 2 ..... |
- Q 3 ..... |
- Q 4 ..... |

368.
321.
262.
271.

-171.
-211.
-284.
-209.

- 3 1.7
- 3 9.7
-52 . 0
-43 . 5

6.
6.
5.
5.

204.
183.
149.
162.

87.
99.
89.
86.

107.
118.
105.
106.

1 9 7 1 - Q 1 ..... |
- Q 2 ..... |
- Q 3 ..... |
- Q 4 ..... I

329.
395.
479.
563.

-39.
74.
217.
292.

- 10.6
23. 1
82.8
107.7

6.
7.
9.
10.

215.
264.
313.
340.

101.
103.
108.
112.

126.
130.
136.
140.

1 9 72-Q1 ..... |
- Q 2 ..... |
- Q 3 ..... |
- Q 4 ..... |
1
1 9 7 3 - Q 1 ..... |
- Q 2 ..... |
- Q 3 ..... |
-Q<*..... I

648.
714.
746.
776.

319.
319.
267.
213.

97.0
80.8
55.7
37.8

12.
13.
13.
14.

340.
319.
287.
264.

114.
117.
117.
111.

145.
144.
142.
130.

839.
958.
1059.
1089.

191.
244.
313.
313.

29.5
34.2
42.0
40.3

15.
17.
19.
19.

266.
280.
278.
260.

110.
115.
115.
108.

130.
135.
131.
127.

1 9 7 4 - Q 1 _____ |
~ Q 2 ..... 1
- Q 3 ..... ||
- Q 4 .... 1I

1135.
1228.
1176.
1068.

296.
270.
117.
-21.

35.3
28.2
11.0
-1.9

20.
21.
20.
18.

252.
255.
224.
190.

107.
112.
109.
106.

126.
134.
133.
132.

19 7 5 - Q 1 ..... ||
* Q 2 ..... ||
- Q 3 ..... ||
- Q 4 ..... 1|

1014.
759.
780.
939.

-121.
-469.
-396.
-129.

-10. 7
-38.2
-33. 7
-12.1

16.
12.
12.
14.

171.
131.
151.
201.

93.
70.
76.
87.

111.
87.
93.
104.

1 9 7 6 - Q 1 ..... ||

1018.
1218.
1302.
1466.

4 .

- Q3 ..... ||
- Q 4 ..... ||

459.
522.
527.

0.4
60.5
66.9
56. 1

15.
18.
19.
21.

231.
274.
279.
301.

96.
103.
95.

121.
128.
125.
122.

1 9 7 7 - Q 1 ..... ||
- Q 2 .... ||
- Q 3 ..... ||
- Q 4 .... ||

1729.
2039.
2277.
2436.

711.
821.
975.
970.

69.8
67.4
74.9
66.2

24.
28.
30.
31.

339.
377.
388.
379.

100.
97.

1 9 7 8 - Q 1 ..... ||
- Q 2 ..... ||
- Q 3 ..... I|
- Q 4 .... I|

2582.
2625.
2619.
2604.

853.
586.
342.
168.

49.3
28.7
15.0

371.
349.
326.
313.

99.
99.

6.9

31.
30.
29.
28.

1 9 7 9 - Q 1 ..... ||
- Q 2 ..... 1|
- Q 3 ..... j|
- Q 4 ..... |

2669.
2736.
2743.
2717.

87.

27.
27.
26.
24.

308.
313.
308.
298.

92.
92.

124.
113.

3.4
4.2
4.7
4.3

94.

110.
113.
114.
115.

1 9 8 0 - Q 1 .... i
- Q 2 ..... |
- Q 3 .... |
- Q 4 .... |

2288.
1628.
1392.
1233.

-381.
-1108.
-1351.
-1484.

-14.3
-40. 5
-49.3
- 54.6

20.
14.

86.

105.

10.

189.

70.
70.
70.

86.

11.

245.
183.
184.

|

1124.

-1164.

-50.9

9.

204.

73.

100.

I

~ Q 2 ....

1 9 8 1 - Q 1 ....

||

111.

95.

99.
99.

96.

95.

94.

123.
123.
124.
124.
122.
120.
116.
115.

89.

87.

* AVERAGE AMOUNT OUTSTANDING DURING THE PRECEDING FOUR QUARTERS (AVERAGE OF END-OF-QUARTER DATA).
'•TAKEDOWNS OP COMMITMENTS" ARE COMPUTED AS NEW COMMITMENTS LESS CANCELLED COMMITMENTS LESS THE CHANGE IN COMMITMENTS OUTSTANDING,







AGRICULTURAL FINANCE DATABOOK— QUARTERLY SERIES

300

*PRIL 1981

A G R I C U L T U R A L BANKING DATA

330

SURVEY OF TERNS OF BANK L E NDING TO FARMERS

331

(NON-REAL-ESTATE LOANS,

U.S.)

AVER A G E EFFE C T I V E INTEREST RATES

331.
IQ ALL B A N K S ................................................................ 35
3 3 1 . 2Q
L A R G E B A N K S .............................................................. 35
3 3 1 . 3Q
OTH E R B A N K S .............................................................. 35

332

A V E R A G E E F F E C T I V E I NTEREST R A T E S COMPA R E D

HITH O V E R A L L A V ERAGE

332.
IQ ALL B A N K S ................................................................ 36
3 3 2 . 2Q
L ARGE B A N K S .............................................................. 36
332. 3Q
OTH E R B A N K S .............................................................. 36

333

PER C E N T A G E OF LOANS MADE HITH A FLOATING I N T E R E S T RATE

333.
IQ ALL B A N K S ................................................................ 37
3 3 3 . 2Q
L A R G E B A N K S .............................................................. 37
3 3 3 . 3Q
OTH E R B A N K S .............................................................. 37

334

A V E R A G E MA T U R I T Y OF LOA N S HADE

334.
1Q ALL B A N K S ..................................................................38
3 3 4 . 2Q L A R G E B A N K S ............................................................... 38
3 3 4 . 3Q OTH E R B A N K S ............................................................... 38

335

AMOUNT,

NUMBER,

AND AVERAGE A M O U N T OF L OANS MADE

335.
IQ A M O U N T .................................................................... 39
3 3 5 . 2Q
N U M B E R .................................................................... 39
3 3 5 . 3Q
AVER A G E A M O U N T ............................................................ 39

340

FED E R A L R E SERVE BANK S U RVEYS OF AGRICU L T U R A L CREDIT C O N D I T I O N S

341

CHICAGO

3 4 1 . IQ
3 4 1 . 2Q
3 4 1 . 3Q
3 4 1 . 4Q
3 4 1 . 5Q

342

FARM N O N - R E A L - E S T A T E L E NDING E X P E R I E N C E DURING THE P R ECEDING
Q U A R T E R ................................................................. 40
FA R M N O N - R E A L - E S T A T E LOAN VOLUME E XPECTED D U R I N G THE C U R R E N T
Q U A R T E R ................................................................. 41
L O A N / D B P O S I T R A T I O S .....................................................42
T Y PICAL INTEREST RATES C H A R G E D
ON FARM L O A N S ....................... 42
TRENDS IN FARM R E A L ESTATE VALUES
AND LOAN V O L U M E ................... 43

MINNE A P O L I S

342.
IQ
CURRENT FARM LENDING EXPERIENCE.................................... 44
3 4 5 . 2Q
EX P E C T E D FARM LOAN DEMAND AND RE P A Y M E N T C O N D I T I O N S ................45
3 4 2 . 3Q
A V E R A G E L O A N / D E P O S I T RATIO AND OTHER C O N D I T I O N S THAT R E FLECT
R E L A T I V E CR E D I T A V A I L A B I L I T Y .........................................46
342. 4Q
I N T E R E S T RAT E S ON FARM L O A N S .......................................... 47
3 4 2 . 5Q
F ARM RE A L ESTATE L E N D I N G E X P E R I E N C E ..................................48
3 4 2 . 6Q
FARMERS* EARNI N G S AND S P E N D I N G ....................................... 49

343

K A NSAS CITY

343.
1Q
C U R R E N T F ARM NON - R E A L - E S T A T E L E NDING E X P E R I E N C E ................. 50
3 4 3 . 2Q
AVER A G E L O A N / D E P O S I T RATIO AND OTHER C O N D I T I O N S THAT REFLECT
R E L A T I V E CREDIT A V A I L A B I L I T Y ....................................... 50
3 4 3 . 3Q
MOST COMMON I N TEREST R A T E S C H A R G E D ON FARM L O A N S .................. 51
3 4 3 . 4Q
FARM REAL ESTATE V A L U E S ................................................51

344

DALLAS

344.
1Q C U R R E N T FARM N O N - R E A L - E S T A T E L E NDING E X P E R I E N C E ................... 52
3 4 4 . 2Q
FARM N O N - R E A L - E S T A T E LOAN VOLUME E X PECTED DU R I N G THE C U R R E N T
Q U A R T E R ................................................................. 52
3 4 4 . 3Q
A V E R A G E L O A N / D E P O S I T RATIO AND OTH E R C O N D I T I O N S THAT REFLECT
RELAT I V E CREDIT A V A I L A B I L I T Y ........................................ 53
3 4 4 . 4Q
MOST C O MMON INT E R E S T R A TES C H A R G E D ON
FARM
L O A N S ........53
3 4 4 . 5Q
TRENDS IN FARM REAL ESTATE V A LUES AND
LOAN
V O L U M E .......54

345

RICHMOND

345.
1Q C U R R E N T FARM NON - R E A L - E S T A T E L E NDING E X P E R I E N C E .................... 55
3 4 5 . 2Q
FARM N O N - R E A L - E S T A T E LOAN VOLUME EXPECTED DURI N G THE C U R R E N T
Q U A R T E R ................................................................. 55
34 5 . 3Q
A V E R A G E L O A N / D E P O S I T RATIO AND OTHER C O N D I T I O N S THAT REFLECT
RELAT I V E CREDIT A V A I L A B I L I T Y ........................................ 56
3 4 5 . 4Q T Y PICAL INTEREST RATES C H ARGED ON
FARM L O A N S ...................... 56
3 4 5 . 5Q TRENDS IN FARM REAL ESTATE VALUES AND LOAN V O L U M E ................... 57

DESC R I P T I O N

OF SURVEY C O V E R A G E AND P R O C E D U R E S ................................. 58

SURVEY OF TERMS OF BANK LENDING TO PARMERS

(NON-REAL-ESTATE LOANS MADE DURING FIRST WEEK OF MIDDLE MONTH OF QUARTER)

TABLE 331Q

QUARTER

AVERAGE EFFECTIVE INTEREST RATES (PERCENT)*
PURPOSE OF LOAN

I
I
| ALL LOANS
1
1
1

1
FEEDER
LIVESTOCK

OTHER
LIVESTOCK

OTHER
CURRENT
OPERATING
EXPENSES

1
1
1

331.1C

1977-Q1..
-Q2......|
-Q3..
-Q4......|

9.1

1978-Q1..,...!
-Q2..
-Q3.....|
-Q4.. ...|

9.6
10.4

1979-Q1..
-Q2. ....|
-Q3 ......|
-Q4..
1980-Q1_
-Q2 ..
-Q3. •...J
-Q4.. ...|
1981-Q1.....|
I

1978-Q1....
-Q2....
-Q3....
-Q4....

|
I

1 TO
9

10 TO
24

25 TO
99

100
AND
OVER

LARGE**

OTHER

ALL BANKS

8.5
8.4
8. 4
8.9

8.9
8.2
8.6
9.1

8.8
8.8
9.0
9.2

9. 1
9.4
9.0
9.2

8.8
8.9
8.6
9.2

|
I
I
1

9.0
9- 1
9.0
9.1

9.0
9.0
8.8
9.0

8.7
8.9
8.8
9.0

8.8
8.1
8.5
9.3

|
|
|
|

8.3
8. 1
8.4
9,4

8.9
8.9
8.9
9.0

|
|
1
|

9.2
9.4
9- 5
10.2

9. 1
9.1
9.5
10-8

9. 1
9.2
9.7
10.3

9.3
9.4
9.6
10.3

9.2
9.5
9.9
10.7

I
I
|
|

9. 1
9.2
9.3
9.9

9.2
9.2
9.3
10.0

9.2
9.3
9.5
10.1

9.2
9.4
10.1
11.1

|
|
|
1

9.3
9.6
10.4
11.7

9.1
9.2
9.3
10.0

|
I
|
|

11.1
11.2
11.2
13.5

11,2
1 1.7
11.1
12.9

10.9
11.2
11.4
13.6

10.3
10.6
10-9
13.2

11.2
11.1
11.5
14.6

|
|
|
|

10.3
10.6
10.9
12.9

10.4
10.7
11.1
13.2

10.5
10.8
11.0
13.2

12.1
12.2
11.8
14.5

|
|
|
|

12-5
12.8
12-9
16.2

10.4
10.7
10.9
13.1

13.5
15.5

|
|
I
|

14. 4
17.7
13. 4
15.5

13.5
16.6
13.7
15.3

14.3
17.5
13.7
15.4

13.0
16.4
13.3
15. 1

14.6
17.2
13.3
15.7

|
|
1
|

13.5
16.5
13.5
15. 1

13.6
17.0
13.4
15.0

13.7
17.2
13.6
15.4

15.0
17.8
13.5
15.8

I
|
|
J

16.0
18.5
12.8
16.3

13.7
17. 1
13.7
15.3

17.9

|

17.8

17.4

17.9

17.4

18.3

|

17.4

17.7

17.7

18.4

i

19.9

17.5

9.0
9.0
9.2
9.6

8.7
b. 6
8.9
9.3

8.4
8.5
8.7
9.4

8.4
8.5
8.7
9.4

9.2

11.2
11.3

331.2Q

1
1977-Q1....
-Q2....
-Q3....
-Q4....

OTHER

SIZE OF BANK

AMOUNT OF LOAN
(THOUSANDS OF DOLLARS)

|
|
|
|

8.7

I

1
1
1
1
1
1
1
1
|

FARM
MACHINERY
AND
EQUIPMENT

8.3
8.1
8.4
9.4
9.3
9.6
10.4
11.7

I
I
I
I
I
I
I
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

1
1979-Q1.... 1
12.5
12.8
-Q2.... 1
12.9
-Q3.... 1
16.2
-Q4....
i
1980-Q1.... •1
16.0
-Q2.... .1
18.5
-Q3.....•1
12.8
16.3
-Q4.... I
1
1981-Q1____ •1
19.9
1
I
|
I______________
I
8.9
1977-Q1.... |
I
8.9
-Q2.... |
I
8.9
-Q3.... |
I
9.0
-Q4.... |
I
1
1978-Q1.... I
9.1
1
-Q2 ---- |
9.2
1
-Q3.... 1
9.3
1
-Q4....
10.0
1
l
1
10.4
1979-Q1.... l
1
10.7
-Q2.... ,|
1
10.9
-Q3.... .)
1
— Q4---- I
13.1
1
1
1980-Q1.... !
13.7
1
17.1
-Q2.... .1
1
13.7
-Q3.... .|
1
15.3
-Q4.... .1
J
1
,7-5
1981-Q1.... .!
1
J ______
1_

LARGE BANKS**

8.0
7.8
8.1
9.2

7-3
7.2
8.2
9.0

8. 7
8.3
8.8
9.6

8.7
8.9
8.7
9.4

8.2
8.6
8.7
9.2

|
|
1

9.7
9.9
10.3
11.8

9.2
8.7
10. 1
12.3

9.2
9.4
10.4
11.5

10.0
9.4
9.8
11.6

9.2
10.0
10.7
11.9

1
|
|
|

9.7
9.9
10.5
11.5

9.6
9.8
10.4
11.6

9.5
9.6
10.3
11.4

9.5
9.6
10.3
11.4

12.8
12.9
13.0
16.2

13-5
13.5
12.8
16. 1

12.5
12.7
12.8
15.9

12.2
12.3
12.2
14.7

12.1
12.7
13.0
16.9

I
|
I
i

12.3
12.3
12.7
15.4

12.4
12.6
12.8
15.4

12.5
12.7
12.7
15.6

12.5
12.7
12.7
15.6

16.8
20. 2
12. 9
16.6

15.4
17.2
12.9
15.2

15.6
18.4
13. 1
15.7

14.7
16.6
12.7
15.7

16.0
18.0
12.4
16.9

|
|
I
1

15.2
17.0
13.1
15.6

15.4
17.5
13.0
15.6

15.8
18.4
13.1
16.0

15.8
18.4
13. 1
16.0

21. 1

17.6

19.6

16.8

20.4

|

18.9

19.4

19.7

19.7

t

331.3Q OTHER BANKS
_____________________________________________________
8.8
8.8
8.8
8.8

9.0
8.6
8.7
9. 1

8.8
8.9
9.0
9.0

9. 1
9.5
9.2
9.2

9.0
9.0
8.6
9.2

|
I
|
I

9.0
9.1
9.0
9.1

9.0
9.0
8.8
9.0

8.7
8.9
8.8
8.9

9.3
8.6
9.2
9.1

8.9
9.0
9. 2
9.8

9.0
9.3
9.3
10.6

9.1
9. 1
9.4
9.9

9.3
9.4
9.6
10.2

9. 1
9.3
9.4
9.9

»
|
1
J

9.1
9.2
9.3
9.9

9. 1
9.2
9-3
9.9

9. 1
9.2
9.3
9.9

9.1
9. 1
9.5
10.3

10.b
10. 7
10. 8
13. 1

10.5
11.3
10.8
12. 1

10.5
10.8
11.0
13.2

10.2
10.3
10. 8
13. 1

10.5
10.3
11.0
13.3

|
|
|
|

10-3
10.5
10.8
12.8

10.2
10.5
10-9
13. 1

10.3
10.5
10.8
13.0

11.3
11.4
11.2
13.4

13. 9
17.4
13.6
15.2

13.3
16.5
14.0
15.4

14.0
17. 1
13. 8
15.4

12.9
16. 4
13. 4
15. 1

13.6
16.6
13.5
15.2

|
i
|
J

13.4
16.4
13.5
15. 1

13.5
16.9
13.5
15.0

13.6
17. 1
13.6
15.3

14.3
17.4
14.0
15.5

16.7

17.4

17.6

17.4

17.7

|

17.3

17.6

17.4

17.6

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
i
1

_

I
I

I
1
1
I
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

__L _

* THE APPROXIMATE COMPOUNDED ANNUAL INTEREST RATE ON EACH LOAN IS CALCULATED FROM SURVEY DATA ON THE STATED RATE AND OTHER TERMS
OF THE LOAN. IN COMPUTING THE AVERAGE OF THESE ESTIMATED EFFECTIVE RATES, EACH LOAN IS WEIGHTED BY ITS DOLLAR AMOUNT.
** "LARGE BANKS" ARE BANKS IN SURVEY STRATA 1-3, CORRESPONDING APPROXIMATELY TO BANKS WITH OVER $400 MILLION IN TOTAL ASSETS
AS OF SEPTEMBER 1978.
FOR ADDITIONAL INFORMATION, SEE NOTES TO STATISTICAL RELEASE E.2, FEDERAL RESERVE BOARD.




36

SURVEY OF TERMS OF BANK LENDING TO FARMERS
TABLE 332Q

QUARTER

(NON-REAL-ESTATE LOANS BADE DURING FIRST WEEK OF MIDDLE MONTH OF QUARTER)

AVERAGE EFFECTIVE INTEREST RATES COMPARED WITH OVERALL AVERAGE*

I
| AVERAGE
| EFFECTIVE
| INTEREST
i RATE ON
| ALL LOANS
1 (PERCENT)
1

DIFFERENCE FROM AVERAGE EFFECTIVE INTEREST RATE ONI ALL LOANS

FEEDER
LIVESTOCK

OTHER
LIVESTOCK

OTHER
CURRENT
OPERATING
EXPENSES

SIZE OF BANK

|
AMOUNT OF LOAN
1_____ (THOUSANDS OF DOLLARS!

PURPOSE OF LOAN
FARM
MACHINERY
AND
EOUIPMENT
332.1Q

OTHER

|
I
1

1 TO
10 TO
24
9
_ ._

25 TO
99

100
AND
OVER

LARGE**

OTHER

ALL BANKS

1977-Q1....
-Q2....
-Q3....
-Q4....

|
(
|
1

8.8
8.7
8.7
9.1

-0.3
-0.3
-0.3
-0.2

0.1
-0.6
-0.1
-0. 1

-0.0
0.1
0.3
0. 1

0.3
0.7
0.3
0.1

-0.0
0.1
-0.1
0.1

I
|
J
|

0-2
0.3
0.2
0.0

0.2
0.2
0.1
-0. 1

-0.2
0.1
0.1
-0. 1

-0.1
-0.7
-0.2
0.1

-0.5
-0.7
-0.3
0.2

0.1
0.2
0.2
-0.1

1978-Q1....
-Q2....
-Q3....
-Q4....

|
I
|
)

9.2
9.3
9.6
10.4

0.0
0. 1
-0.1
-0. 1

-0.1
-0.2
-0.2
0.4

-0.0
-0. 1
0.0
-0. 1

0.2
0.1
0.0
-0. 1

-0.0
0.2
0.2
0.4

(
|
|
|

-0.0
-0. 1
-0.3
-0.4

-0.0
-0.1
-0.3
-0.4

0.0
-0.1
-0.1
-0.3

0.0
0.1
0.4
0.7

0.2
0-3
0-7
1.4

-0.1
-0.1
-0.3
-0.4

1979-Q1....
-Q2....
-Q3....
-Q4....

)
|
|
|

11.0
11.2
11.3
13.6

0. 1
0.0
-0.1
-0. 1

0.2
0.5
-0.2
-0.7

-0. 1
0.0
0. 1
0.0

-0.7
-0-6
-0.4
-0.5

0.2
-0.0
0.2
0.9

|
t
1
|

-0.7
-0.6
-0.4
-0.8

-0.6
-0.5
-0.4

-0.5
-0.4
-0.3
-0.4

1.1
1.0
0.6
0.9

1.5
1.6
1.6
2.6

-0.6
-0.5
-0.3
-0.5

1980-Q1....
*Q2....
-Q3....
-Q4....

|
|
|
|

14. 1
17.4
13.5
15.5

0.3
0.3
-0. 1
-0.0

-0.7
-0.7
0.2
-0.1

0. 1
0. 1
0. 1
-0.0

-1. 1
-0.9
-0.2
-0.3

0.5
-0.2
-0.3
0.3

|
I
|
|

-0.6
-0.9
-0.0
-0.4

-0.6
-0.4
-0. 1
-0.4

-0.4
-0.2
0.0
-0.1

0.9
0.5
-0.0
0.4

1.8
1.1
-0.7
0.8

-0.4
-0.3
0.2
-0.2

1981-Q1.... |

17.9

-0.1

-0.5

-0.0

-0.6

0.4

|

-0.6

-0.2

-0.3

0.5

2.0

-0.4

|
|

0.6
o.9
0.8
0.2

0.4
0.6
0.5
-0.0

0.1
0.5
0.3
0.0

-0.1
-0.2
-0.1
-0.0

332.2Q

-a . 2

LARGE BANKS**

1977-Q1.... ,|
-Q2.... ,|
-Q3.... ,|
-Q4.... I

8.3
8.1
8.4
9.4

-0.4
-0.3
-0.3
-0. 1

-1.1
-0.9
-0.2
-0.4

0.4
0.2
0.4
0.2

0.4
0.8
0.3
0.0

-0.1
0.6
0.3
-0.2

1978-Q1.... ,|
-Q2.... |
-Q3.... ,|
-Q4.... |

9.3
9.6
10.4
11.7

0.3
0.2
-0.1
0. 1

-0. 1
-0.9
-0.3
0.6

-0. 1
-0.3
0.0
-0.3

0.7
-0.2
-0.6
-0. 1

-0.1
0.4
0.3
0.2

|
|
I
;

0.4
0.3
0.2
-0.3

0.3
0.2
0.0
-C. 1

0.2
0.0
-0.1
-0.3

-0.1
-0.0
0.0
0.1

1979-Q1.... ,|
-Q2.... ,|
-Q3.... |
-Q4.... ,|

12.5
12.8
12-9
16.2

0.3
0.1
0.1
-0.0

1.0
0.7
-0.1
-0.1

-0.0
-0. 1
-0. 1
-0. 4

-0.4
-0.5
-0.7
-1.5

-0.4
-0.1
0.1
0.6

| -0.2
I -0.5
| -0.2
| -0.8

-0.1
-0.3
-0.1
-0.9

-0.0
-0.2
-0.2
-0.7

0.0
0.1
0.1
0.2

1980-Q1.... ,|
-Q2.... ,|
-Q3..... I
-Q4.... I

16.0
18.5
12.8
16.3

0.8
1.7
0.0
0.4

-0.5
-1.3
0.0
-1.0

-0.4
-0. 1
0.3
-0.5

-1.3
-1.8
-0.1
-0.6

0.0
-0.4
-0.4
0.7

1
1
:
|

-0.8
-1-5
o.3
-0.6

-0.6
-1.0
0. 1
-0.6

-0. 1
-0.1
0.2
-0.3

0.1
0.1
-0-1
0.1

1981-Q1____ ,|

19.9

1.2

-2.4

-0.3

-3. 1

0.5

1

-1.1

-0.5

-0.3

0.2

332.3Q

I
a

OTHER BANKS

1977-Q1.... |
-Q2.... ,|
-Q3.... |
-Q4---- I

8.9
8.9
8.9
9.0

-0.2
-0.2
-0. 1
-0.2

0.1
-0.3
-0.2
0.0

-0. 1
0.0
0. 1
-0.0

0.2
0.5
0.3
0. 1

0. 1
0.0
-0.4
0.2

|
|
i
|

0.1
0.1
0.1
0.1

0. 1
0.1
-0.1
-0.0

-0.3
-0.0
-0. 1
-0.1

0.3
-0.4
0.3
0. 1

1978-Q1.... .|
-Q2.... |
-Q3. .....|
-Q4.... .|

9.1
9.2
9.3
10.0

-0.2
-0.1
-0. 1
-0. 1

-0. 1
0. 1
-0. 1
0.6

0.0
-0.0
0.0
-0. 1

0.2
0.2
0.3
0.2

0.0
0.1
0. 1
-0-1

|
)
|
|

-0.0
0.0
-0. 1
-0.1

0.0
-0.0
-0. 1
-0.1

-0.0
0.0
0.0
-0. 1

0.0
-0.1
0.2
0.4

1979-Q1____ .)
-Q3---- .)
-Q4---- .|

10.4
10.7
10.9
13.1

0.0
-0.0
-0. 1
0.0

0.0
0.6
-0.2
-1.0

0.0
0.0
0.1
0. 1

-0.3
-0.4
-0. 1
-0-0

0. 1
-0-4
0. 1
0.2

| -0.2
I -0.2
J -0.1
I -0.3

-0.2
-0.2
-0.0
-0.0

-0.2
-0.2
-0. 1
-0.1

0.8
0.7
0.3
0.3

1980-Q1....
-Q2....
-Q3---- .|
-Q4....

13.7
17.1
13.7
15.3

0.2
0.3
-0.1
-0. 1

-0.4
-0.6
0.4
0. 1

0. 3
0. 1
0.1
0. 1

-0.8
-0.6
-0.3
-0.2

-0.1
-0.5
-0.1
-0.1

|
1
|
|

-0.3
-0.6
-0.1
-0.2

-0.3
-0. 1
-0.2
-0.3

-0.2
0.0
-0.1
0.0

0.6
0.3
0.3
0.2

1981-Q1.... .1
.1

17.5

-0.8

-0.1

0. 1

-0.1

0.2

I

-0.2

0.1

-0- 1

0.1

- Q 2 ..................

* THE APPROXIMATE COMPOUNDED ANNUAL INTEREST RATE ON EACH LOAN IS CALCULATED FROM SURVEY DATA ON THE STATED RATE AND OTHER TERMS
OF THE LOAN. IN COMPUTING THE AVERAGE OF THESE ESTIMATED EFFECTIVE RATES, EACH LOAN IS WEIGHTED BY ITS DOLLAR AMOUNT.
** "LARGE BANKS" ARE BANKS IN SURVEY STRATA 1-3, CORRESPONDING APPROXIMATELY TO BANKS WITH OVER $400 MILLION IN TOTAL ASSETS
AS OF SEPTEMBER 1978.
FOR ADDITIONAL INFORMATION, SEE NOTES TO STATISTICAL RELEASE E.2, FEDERAL RESERVE BOARD.




37

SURVEY OF TERMS OF BANK LENDING TO FARMERS

(NON-REAL-ESTATE LOANS MADE DURING FIRST WEEK OF MIDDLE MONTH OF QUARTER)

TABLE 333Q

PERCENTAGE OF LOANS MADE WITH A FLOATING INTEREST RATE*

1
1
QUARTER
| ALL LOANS
1
i
JL
1
1
l_
1
1977-Q1.... |
15.3
13.2
-Q2..... 1
22.7
-Q3.... |
-Q4. ____|
17.3

1
1
1
| FEEDER
| LIVESTOCK
1

PURPOSE OF LOAN
OTHER
LIVESTOCK

OTHER
CURRENT
OPERATING
EXPENSES

1
1

FARM
MACHINERY
AND
EQUIPMENT
333.IQ

OTHER

AMOUNT OF LOAN
(THOUSANDS OF DOLLARS)

|
I

1 TO
9

10 TO
24

25 TO
99

|
100
AND
OVER

SIZE OF BANK

| LARGE**

OTHER

ALL BANKS

27.7
17.3
41.4
14. 9

4.9
30.1
6.9
9.6

16.4
5.5
8.7
22.9

4.4
5.7
10.8
1.3

20.3
18.7
30.3
22.3

i
I
1
1

4.9
1-4
1-5
1.1

7.0
3.5
3.0
3-,2

5.9
6.6
7.4
7.6

36.6
40.6
54.4
44.4

66.8
48-8
64.5
61.8

2.3
2.3
0.3
1.5

1978-Q1____ |
-Q2.... i
-Q3.... |
-Q4.... 1

15.0
22.1
18.4
13.2

19.2
32.8
13.9
13.5

21-2
30.7
21.4
8.9

9.8
13.2
20.2
14.0

2.8
1.0
0.7
3.5

25.5
32.5
29.9
22.2

1
|
|
|

1.2
1.3
2.0
2.0

3.3
3.0
3.0
3.1

10.3
8.3
9.1
4.9

36.2
50.4
44.5
33.5

57-0
67.4
63.5
58.0

1.6
1.0
1.4
0.6

1979-Q1.... |
-Q2.... |
-Q3.... |
-Q4---- 1

18.6
19.3
12.5
15.6

22.6
21.6
12.9
11.6

22.4
16.7
12.5
17.3

12.9
19.1
12.9
16.7

4.5
14.6
2-2
3.0

24.3
22.2
15.2
31.3

|
|
I
1

4.3
3-7
2.1
2.2

3.2
6-6
5.2
9-1

9.7
8.9
7.3
11.9

41.3
44.5
26.7
26.8

61.4
70.8
65.5
68.0

2.9
3.8
1.1
5.0

1980-Q1____ |
-Q2.... |
-Q3.... |
-Q4.... |

16.5
26.8
20.-7
21.6

16.3
19.9
19.4
23.0

8.7
16.4
23.2
26.1

18.8
29.8
16.0
19.3

3-6
14.6
10.6
15.7

28.7
39.3
33.9
27.0

|
1
|
|

4.0
7.1
7.0
9.0

5.4
20.9
8.7
13.6

6.0
18.2
13.2
15.9

36.3
38.7
39.9
34.2

68-3
80.0
74.7
74.1

4.6
11.5
7.8
9.4

1981-Q1---- 1
I
I
1
1
1
1977-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... |

29.0

36.5

19.3

33-2

13.3

22.6

|

11.3

14.0

23.0

46.4

84.2

17.1

66.8
48.8
64.5
61.8

|
|
|
|

67.3
46.9
70.8
63.4

71.8
62. 1
55.6
70.7

58.7
29. 1
45.6
71.0

31.3
52.0
39.9
39.7

80.9
64.8
74.3
48.4

1
|
|
|
I

27.4
33.1
26.5
27.8

35. 1
39.2
34.5
35.5

48.7
37.7
45.2
45.9

75.4
53-7
69.8
68.6

1978-Q1...... |
-Q2.... |
-Q3.... 1
-04.... 1

57.0
67.4
63.5
58.0

I
|
I
|

61.8
76.5
53.0
62.0

77.3
87.4
88.0
74.9

47.2
45.5
62.3
54.5

74.8
14.9
6.2
42.1

54.6
80.5
82.8
53.6

l
|
|
\

26.3
24.6
29-1
34.1

38.6
34.7
38.1
41.9

45.1
43.3
47.0
40.4

63.6
74.9
69.1
64.4

1979-Q1.... |
-02.... |
-03---- 1
-Q4.... |

61.4
70.8
65.5
68.0

i
|
|
|

76.3
66.3
74.3
69.0

82.4
92.7
81.4
79-7

59.7
70.9
61.1
63.0

59.1
82.8
28.8
50.4

44.7
62.3
59.8
70-8

|
I
|
)

38.1
29-0
30.5
38.2

45.2
47.8
46. 1
45.3

57.2
53.3
50.7
54.0

63.7
78.2
75.1
73.6

1980-Q1.... |
-02.... |
-Q3.... |
—Q4.... |

68-3
80.0
74.7
74. 1

|
|
|
|

86.1
54.6
88.6
76.7

71.2
63.2
84.3
90.1

61.0
79.9
49.4
71.2

31-8
63.3
76.8
84.7

64.9
95.6
91.9
70.1

(
|
|
|

37.0
38.7
37.4
45.1

42.5
43.9
51.2
53.5

56.7
53.1
66.5
68.5

73.5
87.2
80.3
77.6

1981-Q1.... |
I
I

84.2

|

92.1

69.4

81.6

69.4

86.8

|

47.6

56.9

71.4

91.3

4.0
0.2
0.3
0.1

5.0
0-7
0.4
0.7

0.7
1.0
0.3
0.6

0.0
15.2
0.0
6.8

0. 1
0.2
0.9
0.6

0.3
0.2
0.5
0.4

3.0
0.9
3-0
0.3

3.3
3.1
0.0
1.5

2.9
2.7
0.8
1.0

0. 1
3.2
1.3
6.7

3.7
2.4
1.3
8.2

4.5
7.9
1.0
1.8

2.7
5.6
5.6
7.9

3.0
19. 1
6.0
11.3

1.4
14. 1
6.7
9.4

11.8
8.8
12.5
9-2

9.7

10.9

17.7

23.7

333.2Q

333.3Q
1977-Q1.... |
-Q2. .... |
-Q3---- 1
-Q4.... 1

2.3
2.3
0.3
1.5

1978-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... |
1
1979-Q1---- |
-Q2.... (
-Q3.... |
-Q4.... |
1
1980-Q1---- |
-Q2.... |
-Q3.... |
-Q4.... |

1.6
1.0
1.4
0.6

I
1981-Q1---- |

_____________ L_.

2.9
3.8
1. 1
5.0
4.6
11.5
7.8
9.4
17.1

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

1
1
1
__ 1_

LARGE BANKS**

OTHER BANKS

4.3
0.0
0. 1
0-9

0.8
14.9
0.0
0.0

3. 1
0.8
0.3
0.3

3.7
0.6
0.5
0.2

0.0
0.4
0.6
6-3

0.2
0.0
0.1
1.0

0.0
0.0
1.0
0.0

3-6
0.3
3. 1
0. 5

0.0
0.0
0.0
0.0

0.1
4.4
0.1
0.8

2.8
7.3
0.3
3.5

1.6
0.0
0.0
1.0

1.1
4.0
2.0
7.5

1.7
2.5
0.7
0.2

8.2
0.2
1.4
9.5

0.6
15.8
2.5
11. 1

2.6
3.6
4.0
10.0

9.2
11.4
9-4
9. 1

2.0
11.5
3-6
9.6

1.9
4.4
14.0
7.1

18.3

10. 1

24.7

6.6

3.9

1
1
1
1
1
1
1
1
1
1
a
1
l
1
l
1
a
1
l
l
1
1
I
1
1
__ 1_

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
-1—

* PERCENTAGE OF AMOUNT OF LOANS HADE. A FLOATING RATE IS TIED TO SOME OTHER RATE (SUCH AS THE PRIME RATE OR A MARKET INTEREST
BATE), AND NBITHER THE BANK NOR THE BORROWER KNOWS THE EXACT RATE CF INTEREST TO BE CHARGED OVER THE LIFE OF THE LOAN.
** "LARGE BANKS" ARE BANKS IN SURVEY STRATA 1-3, CORRESPONDING APPROXIMATELY TO BANKS WITH OVER $400 MILLION IN TOTAL ASSETS
AS OF SEPTEMBER 1978.
FOR ADDITIONAL INFORMATION, SEE NOTES TO STATISTICAL RELEASE E.2, FEDERAL RESERVE BOARD.




38

SURVEY OF TERMS OF DANK

ENDING TO FARMERS

(NON-REAL-rSTAlE LOANS MADE DURING FIRST WEEK OF MIDDLE MONTH OF QUARTER)
AVERAGE MATURITY OF LOANS MADE (MONTHS)*

TABLE 334Q

QUARTER

ALL LOANS
FEEDER
LIVESTOCK

OTHER
LIVESTOCK

OIHER
CURRENT
OPERATING
EXPENSES

SIZE OF BANK

AMOUNT OF LOAN
IUSANDS OF DOLLARS)

PURPOSE OF LOAN
FARM
MACHINERY
AND
EQUIPMENT
334.1Q

OTHER

1 TO
9

10 TO
24

25 TO
99

100
AND
OVER

LARGE*
**

OTHER

I1
ALL BANKS

1977-Q1....
-Q2....
-Q3....
-Q4....

10.9
8.3
7.0
9.4

6.0
6.7
6.0
6.8

19.2
6.5
7.4
5.7

6.9
6.5
5.3
5.6

16.6
16.5
8.5
12.5

13.0
10.4
12.0
18.4

9.1
8.1
6.9
8.0

8.8
7.9
10.1
8.3

16.3
8.9
7.1
13.6

7.7
7.8
5.6
7.4

’ 5.1
6.1
5.6
5.8

12.4
8.9
7.9
10.6

1978-Q1____
-Q2----Q3.....
-Q4----

10.0
9.1
6.6
7.4

6. 1
5.3
5.0
6.8

6.5
5.9
6.6
6.6

9.9
6. 1
5.3
6.2

18.3
17.8
20.4
16.2

8.7
15.9
6.1
7.1

7.8
8.7
7.5
7.5

11.3
7.6
6.6
8.9

11.2
10.2
8.7
7.3

9.6
9.1
4.5
6.6

6.7
10.1
4.4
5.2

11.0
8.6
7.5
8.0

1979-Q1....
-Q2.....
-Q3,....
-Q4----

7.8
7.5
6.2
6.9

6.8
5.5
5.3
5.8

7.8
6.3
6.0
7.2

6. 7
6. 0
5. 1
6.2

17.9
11.7
14.0
14.1

6.6
14.1
6.7
8.8

8.4
8. 1
6.9
7.3

10.7
8.5
6.6
7.1

8.0
9.1
6.8
7.2

5.5
5.2
4.3
6.4

5.3
5.4
4.6
5-6

8.6
8.2
6.5
7.1

1980-Q1....
-Q2....
-Q3....
-Q4----

7.2
6.6
7.8
7.3

6.6
5.0
8.3
6.0

6.5
6.6
7.7
7.6

6.9
6.2
4.9
7.9

12.7
12.6
22.6
9.8

5.8
6.8
7.8
6.2

8. 1
6.4
6.1
6.7

7.6
6. 1
7.1
7. 1

6.9
6.5
9.4
6.1

7.0
6.8
7.5
8.5

5.6
8.0
5.9
6.2

7.6
6.1
8.2
7.5

1981-Q1....

6.2

7.2

4.9

6.2

10.8

4.2

6.4

6.2

6.3

6.1

5.8

6.3

334.2Q

LARGE BANKS**

1977-Q1....
-Q2----Q3....
-Q4....

5.1
6. 1
5.6
5.8

4.6
5.2
5.5
5.0

6.5
5.7
6.0
5.1

4. 2
6.3
3.9
5. 1

14.6
9.3
5.8
10.1

6.4
6.4
7.4
7.4

|
|
|
|

7.4
6.4
4.9
6. 1

7.0
6.6
5.4
4.6

7.6
5.9
5.0
5.3

7.6
5.9
5.0
5-3

1978-Q1....
-Q2....
-Q3....
-Q<*....

6.7
10.1
4.4
5.2

4.8
4.5
3.9
4. 1

5.8
3.0
7. 1
5.0

6.9
5.2
4. 0
4.3

13.2
21.9
9.6
24.8

7.4
26.0
4.2
6.5

|
|
I
|

6.7
6.5
5.7
5.3

6.2
7.2
5.5
6.0

6.4
6.3
5.2
6.0

6.4
6.3
5.2
6.0

1979-Q1---~Q2....
-Q3....
-Q4)....

5.3
5.4
4.6
5.6

4.4
4.6
3.8
3.0

7.1
6.2
5.2
4.4

5.9
5.4
4. 1
5-7

12.9
5.2
12.5
23.5

4.5
6.4
5.6
7.2

5.8
6.2
5.5

5.8
6.2
5.5

1980-Q1....
-02....
-Q3....
-Q<*....

5.6
8.0
5.9
6.2

4. 1
4.2
4.0
5.9

5.9
8.3
8.1
6.6

6.5
8.8
4.5
5.2

22.5
7.3
7.1
11.6

1981-Q1....

5.8

6.7

5.6

5.7

7.2
334.3Q

|

7.4

7.5

|

7.0

6.8

(
|

5.2
5.3

5.3
5.1

7.8

7.8

4.5
8.8
8.8
6.7

1
|

7.9
6.5

I
1

5.8
5.2

7.0
5.7
5.2
5.5

5.9
5.6
5.4
4.7

5.9
5.6
5.4
4.7

4.8

|

5.8

6.2

5.4

5.4

8.9

OTHER BANKS

1977-Q1.___
-Q2....
-Q3....
-Q4----

12.4
8.9
7.9
10.6

6.7
7.5
6.8
7.4

20.3
6.9
7.6
5.7

7.7
6.5
5.7
5.8

16.7
17.3
9.5
12.6

15.1
11.9
15.0
24.4

9.2
8.2
7.0
8.0

17.4
9.4
7.6
15.2

11.9

8.0
10.6
8.6

1978-Q1____
“Q2----Q3....
-Q4____

11.0
8.6
7.5
8.0

6.9
6.2
5.6
7.6

6.8
7.5
6.5
6.8

10.5
6.3
5.8
6.7

18.5
17.5
21.8
15.6

9.6
19.6
7.0
7.4

7.9
8.8
7.6
7.6

11.8
7.6
6.7
9.1

12.3
11.0
9.3
7.5

12.5

1979-Q1....
-Q2..---Q3----Q4----

8.6
8.2
6. 5
7.1

7.6
5.9
5.9
6.2

8.0
6.3
6.2
8.1

6.9
6.2
5.3
6.3

18. 1
12.9
14.0
13.5

7.9
17.4
7.0
9.6

8.4
8.2
7.0
7.4

10.9
8.6
6.8
7.2

8.3
9.6
7.0
7. 1

6.4
5.4
4.5
7. 1

1980-Q1....
“Q2....
-Q3....
-Q4....

7.6
6.1
8.2
7.5

8.0
5.2
9.6
6.1

6.6
6.3
7.6
7.9

6.9
5.3
5.0
8.3

12.2
12.8
24.2
9.6

6.7
5.7
7.3
6.0

8. 1
6.4
6.1
6.7

7.6
6. 1
7.2
7.2

7.0
6.6
9.9
6.3

8.5
5. 1
8.8
9.4

1981-Q1....

6.3

7.3

4.7

6.2

11.2

4.0

6.5

6.3

6.4

6.2

11.5
5.3
9.3
5.8

5. 1
8.2

* AVERAGE MATURITY OF NONDEMAND LOANS, WITH EACH LOAN WEIGHTED BY ITS DOLLAR AMOUNT.
** »iAnsEcpJH=-n05B?0Sil,KS IN S0RVE3f STRATA 1-3, CORRESPONDING APPROXIMATUELY TO BANKS WITH OVER $400 MILLION IN TOTAL ASSETS
A5 OF 5£FT£nBEE 19/8.
FOR ADDITIONAL INFORMATION, SEE NOTES TO STATISTICAL RELEASE E.2, FEDERAL RESERVE BOARD.




39

SURVEY 0? TEEMS OF BANK LENDING TC FABMEES

(NON-REAL-ESTATE LOANS MADE DURING FIRST MEEK OF MIDDLE MONTH OF QUARTER)

TABLE 335Q

AMOUNT, NUMBER, AND AVERAGE AMOUNT OF LOANS MADE
I
l
i

QUARTER

PURPOSE
ALL

LOANS
FEEDER
L IV ESTO C K

I
J

OTHER
LIV ESTO C K

1
1
1
I
1
1 9 7 7 - Q 1 ________ |

OF

3 3 5 . 1Q

823.
925.

114.
156.

125.
124.

- Q 3 ................ |
- Q 4 ................I

872.
709.

279.
170.

47.
85.

1 9 7 8 - Q 1 ________|

797.
9 95.

4886.

825949.

168
235
246
380

1 9 7 9 - Q 1 ________ |

968.

304.

84.

292.

- Q 2 ................J
- Q 3 ................1
- Q 4 ................1

1057.
818.
1197.

268.
218.
499.

128.
92.
72.

426.
331.
38 7 .

1 9 8 0 - Q 1 ................|

1142.

- Q 2 ................1
- Q 3 ................ |
- Q 4 ------------ |

1211.
948 .
1301.

3
3
2
3

.
.
.
.

118.
6 7.

1 9 8 1 - Q 1 , ................|

1083.

183.

- Q 2 , ................|
- Q 3 ................1
- Q 4 ................I

0
9
0
3

3
2
3
7

292.
380.
326.
233.
3
3
3
2

62 .
104.

0
5
4
9

7
5
9
3

3
9
1
3

2
2
0
3

.
.
.
.

AMOUNT
(THOUSANDS

1
J

FARM
MAC HINER Y
AND
EQUIPM ENT

AMOUNT

- Q 2 ................J

.
.
.
.

L OAN

O TH ER
CURRENT
O PERATING
EXPENSES

OF

LOANS

114.

16
20
11
9

58.
76.
.
.
.
.

.
.
.
.

103.
67.

85.
81.

4
4
3
5

64.

523.

88.

3
8
7
5

.
.
.
.

212.
123.
124.
153.
126
233
198
220

71.
130.

.
.
.
.

219.

1
1
1
1
1
1
1
1

OF
OF

LO AN
DOLLARS)

SIZ E

OF

B ANK

100
1

TO

10

9

(M ILLIO N S; o f

136.
155.

105.
83.

6
2
3
1

MADE

175.
171.

91.
71.
64.

7
11
5
8

O TH ER

1
1
1
I

TO
24

25

TO
99

AND
OVER

LARGE*

OTHER

DOLLARS)

172.
197.

145.
213.

253-

253.

163.
146.

158.
137.

286.
2 32.
197.

2 2 9 .
3 2 0 .
228.

162
186
159
135

169.
175.

219.
256.

247.
3 7 9 .

151.
187.

239.
327.

276.
3 0 1 .

3 2
32
26
4 1

.
.
.
.

1
1
1
1
1
1
1

154.

160.

201.
151.
160.

181.
126.
184.

i
1
1

1
4
7
6

.
.
.
.

3
3
2
4

3
5
7
3

3
1
3
6

.
.
.
.

167.
218.
305.
185.

657.
707.
568.

192
316
227
208

6 0
67
59
74

523.

.
.
.
.

4
9
8
1

260.

708.

246.
144.
202.

812.
673.
995.

149.
164.

177.
168.

929.
940.

182.
217.

.
.
.
.

213.
271.

146.
191.

406
3 0 3
290
387

4 10.
577.

1
1
1

3 3 0 .
506.

182.
246.

766.
1056-

1

148.

166.

3 54.

4 15.

192.

892.

9 .9
1 3 .8
1 0 .8
9 .6

6 .1
6 .3

0 .9
1 .0

|
|

5-3
4 .2

0 .6
0 .8

|
|

1 1 .4
1 1 .7
10. 1

5
6
6
7

1
1
1
1

.2
.3
.0
.4

|
|
J
j

3 .8
4 .4
3 .4

1 .3
1 .5
1 .5

|
|
|

2 .1
.9
.9
.6
.2

I
I
3 3 5 . 2Q

1
1

N U MB E R

OF

LOANS

MADE

(THOUSANDS)

1
8 .4

1 9 7 7 - Q 1 ................|

6 6 .7

J

- Q 2 ................1
- Q 3 ................|
- Q 4 ................|

7 7 .5
6 4 .8
5 3 .8

J
|
|

6 4 .8
7 0 .0
6 3 .4

|
|
|

1 0 .5
1 0 .3
1 0 .7

6 .1
7 .7
4 .9

6
8
8
9

.2
.5
.8
.8

9- 1
6 .5
6 .5

3
4
3
2

0
0
2
1

.1
.3
.7
.8

1 1 .5
1 1 .2
8 .6
7 .3

0
3
4
4

.0
.7
.5
. 1

9
10
5
7

6
1
2
3

.8
.5
.4
.0

5 8 .3

|

1 4 .6

5 .6

3
3
3
2

1 9 7 9 - Q 1 ------------ j

6 2 .5

|

- Q 2 ....- I
- Q 3 ................|
- Q 4 ................ |

7 4 .3
5 9 .2
6 5 .9

|
1
|

1 0 .9
1 0 .8
6 .9
1 1 .1

6
6
5
5

2
4
3
3

6
6
6
7

.9
.7
.1
.1

|
|
|
|

9 .6
8 .7

6 .5
5 .0

3 0 .8
3 7 .8

7 .8
1 2 .2

4 .7
6 .1

3 3 .2
3 2 .9

6 0 .8

|

6 .4

4 .6

3 7 .0

1978-Q
-Q
-Q
-Q

1 ________ |
2 ................|
3 ................|
4 .................|

1 0 .3
8 .4

4 9 .8
5 6 .5

7 .8
8 .4

4 7 .9
39. 1

.3
-0
.9
.8

8
7
7
6

.6
.9
.4
.0

4
5
4
3

6
1
6
6

8
8
6
9

.1
.9
.9
.0

1 0
6
7
7

.5
.5
.6
.0

4
5
4
4

3. 1
3 .5
2 .8
2 .5

1 2 .8

5 .9
8 .5

8
7
5
1 2

.7
.6
.4
.8

5 .5
8 .9
8 .1

4 1 .0
44. 2

1 2 .0
1 1 .3

8 .9
7 .2

3 8 .8
4 6 .7

1 2 .9
1 4 .6

6 .8
8 .6

1
1
1
2

6 .0

6 .6

3 9 .2

1 1 .3

8 .3

.8
.0
.0
.8

1 2 .6

.4
.0
.3
.4

3
4
3
3

.2
.3
.8
.1

6 3 .5
7 3 .3
6 1 .0
5 0 .7

3 .3

6
6
6
5

1
5
0
5

.0
.6
.0
.0

1

3
4
3
3

.4
.1
.3
.1

5
7
5
6

9
0
5
2

.2
.3
.9
.8

|
|
|
1

3
3
3
3

.3
.6
.4
.5

6
6
5
6

0
1
6
8

.5
.1
.7
.7

1 .9

|

3 .5

5 7 .3

J

2
0
9
9

.3
.9
.6
.8

1 0 .3
9 -7

5 0 .4
7 2 .4
6 6 .5
6 3 .5

9 .9
1 0 .3
1 0 .0
1 3 .5

7
6
4
6

6
0
3
5

.9
.3
.8
.1

11-6
12-0
1 5 .8

6
7
5
7

4
6
3
1

.0
.3
.3
.1

1 5 .3
15-4
1 3 .5
1 5 .4

5 5 .0

1 5 .6

i

1
1 9 8 0 - Q 1 ................ |
- Q 2 ................ |
- Q 3 ................ |
- Q 4 ................ |
1 9 8 1 - Q 1 ................|

3
4
0
2

.2
.6
.3
.6

7 .7

1 1 .2
1 2 .3
9 .0

7 .0
7 .0

I
1
1

AVERAGE AMOUNT OF LOAN (THOUSANDS Of DOLLARS)

3 3 5 . 3Q

I
1977-Q 1. . . . . |
- Q 2 ................|
- Q 3 ................ |
- Q 4 ................ |

1

12-3
1 1 .9

|
|

1 8 .2
1 8 .2

1 4 .9
1 3 .6

9 .7
9 .4

9 .9
8 .1

1 3 .5
1 3 .2

|
|

3 1 .7
1 7 .4

7 .2
1 3 .2

1 0 .0
1 0 .7

8 .3
8 .8

1
2
1
1

7
0
7
8

.0
.3
.4
.5

- Q 2 ------------ |
- Q 3 ................ J
- Q 4 - --------- 1

1
1
1
1

2
4
3
6

.3
.2
.0
.3

|
|
|
|

16
2 2
2 2
2 5

.1
.8
.9
.9

7 .9
1 1 .2
1 2 .8
1 8 .4

1 0 .1
1 0 .7
9 .9
1 2 .1

1 1
8
9
9

.2
.3
.9
.8

1
2
1
1

9
6
6
5

.1
.3
.0
.9

1979-Q
-Q
-Q
-Q

1 ------------ |
2 ________ |
3 ................ |
4 ................ |

1
1
1
1

5
4
3
8

.5
.2
.8
.2

|
J
|
|

2
2
3
4

.8
.7
.5
.8

1
1
1
1

3
9
7
3

1
1
1
1

9
12
7
9

.4
.6
.6
.0

2
1
1
2

0
9
6
1

.2
.0
.3
.8

1980-Q
-Q
-Q
-Q

1
2
3
4

1
1
1
1

7
8
5
8

.9
.7
.8
.0

|
|
|
|

3 1 -7
4 5 .3
25.-8
2 7 .5

1
1
1
1

8 .3
3 .5
8 .1
3 .3

1 5 .3
1 2 .0
1 1 .8
1 6 .2

1 1 .8
8 .8
13-1
1 0 .1

1
4
2
2

6
2
2
7

.4
.0
.3
.3

1 7 .8

|

2 8 .8

1 3 .8

14. 1

1 4 .6

3 3 .0

1 9 7 8 - Q 1 ................|

1

------------ 1
________ J
................ |
------------ |

1 9 8 1 - Q 1 ................ |

1

7
4
1
4

.4
.5
.4
.0

0
0
0
1

.9
.3
.2
.7

I
I
1

I

1
1
1
»
1
1

1

1
1

1

1
1
1

1

1
1
1

1
1
__1__

1

1 4 .7
1 5 .4

4 1 .3
4 5 .2

2 8 2 .0
2 3 8 .1

1 4 .6
1 4 .2

4 3 .9
4 7 .0

3 9 1 -2
2 8 7 .5

.5
.6
.5
.7

1
1
1
1

4
4
4
4

4 0 .2
4 2 .5
3 8 .1
4 4 .2

2
3
2
2

0
0
7
1

3
0
4
3

.2
.7
.0
.5

3
3
3
3

.6
.8
.5
.8

1
1
1
1

4 .
4 .
4.
4 .

3
7
1
4

4
4
4
4

6
6
5
8

.2
.2
.0
.7

2 5
2 3
1 8
2 0

3
7
6
9

.6
.6
.6
.4

1

3
3
3
4

.6
.7
.8
. 1

1
1
1
1

4 .8
4 .8
4 .1
4 .9

4
4
4
4

5
2
2
4

.5
.1
.6
.8

2
2
2
2

2
6
9
4

.4
.2
.6
.4

1

3
3
3
3

.
.
.
.

3
3
3
3

5
5
4
7

3 .8

.9
.9
.9
.8

1 4 .7

4 2 .5

1
9
0
3

2 2 3 .9

1
1
1
1
1
1

1
1

1
1

1

11
1

1
1

1

1
_L _

5
5
7
5

* "LARGE BANKS" ARE BANKS IN SURVEY STRATA 1-3, CORRESPONDING APPROXIMATELY TO BANKS MITH OVER 3400 MILLION IN TOTAL ASSETS
AS Of SEPTEMBER 1978.
FOR ADDITIONAL INFORMATION, SEE NOTES TO STATISTICAL RELEASE E. 2, FEDERAL RESERVE BOARD-




.
.
.
.

9 .3
1 0 .3

12-0

LAND VALUE AND CREDIT CONDITIONS SURVEY, SEVENTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF CHICAGO
TABLE 341. 1Q

FARM NON-REAL-ESTATE LENDING EXPERIENCE DURING THE PRECEDING QUARTER, COMPARED WITH A YEAR EARLIER
PERCENTAGE OF BANKS REPORTING
DEMAND FOR LOANS
1
1
| LONER SAME HIGHER
_1
1
1970-Q1-..|
18.
47.
35.
17.
50.
-Q2...|
33.
-Q3.--|
10.
4545.
13.
51.
37.
-Q4-.. |

DATE OF
SURVEY

FUND AVAILABILITY

LOAN REPAYMENT RATE

RENENALS OR EXTENSIONS

LONER

SAME

HIGHER

LONER

SAME

HIGHER

LONER

SAME

HIGHER

33.
29.
25.
13.

54.
5861.
64.

13.
13.
14.
23-

8.
10.
1313.

68.
70.
75.
79.

24.
20.
11.
8-

18.
1810.
9-

62.
65.
71.
74.

20.
17.
20.
17-

COLLATERAL REQUIRED
LONER

SAME

HIGHER

1.
1.
1.
0-

74.
767881.

25.
2321.
19.

19.
12.
8.
9.

48.
42.
40.
48.

33.
46.
52.
44.

10.
8.
87.

53.
45.
46.
54.

37.
47.
46.
39.

27.
24.
20.
16-

65.
68.
70.
74.

8.
810.
10.

7.
779.

59.
63.
67.
72.

3430.
2619.

01.
12.

8379.
8686-

17.
20.
13.
12.

16.
10.
9.
9.

47.
44.
48.
48-

37.
46.
44.
43.

6.
5.
8.
4-

44.
41.
45.
45.

50.
54.
47.
50.

12.
65.
3.

70.
72.
76.
74.

18.
22.
20.
23.

16.
17.
19.
20.

697374.
72-

15.
107.
8-

1.
12.
1-

8788.
9192-

13.
11.
8.
7-

12.
10.
11.
14.

45.
32.
34.
36.

42.
58.
55.
50.

5.
10.
15.
27.

5342.
47.
47.

42.
47.
3827.

229.
7.
6.

54.
57.
66.
65.

24.
34.
27.
30.

22.
30.
23.
28.

5256.
6564.

2614.
12.
8.

1.
2.
32-

9388.
86.
84.

6.
10.
11.
14.

21.
20.
14.
20.

33.
33.
31.
33.

46.
4756.
46.

16.
11.
3245.

43.
45.
47.
41.

41.
44.
21.
14.

6.
8.
2728.

46.
49.
59.
59.

48.
43.
14.
13.

4341.
13.
11.

4747.
5758.

IQ 12.
3032.

43.
11.

82837667.

14.
14.
23.
33.

25.
19.
13.
14.

28.
29.
32.
40.

47.
52.
55.
46.

29.
22.
14.
10.

43.
49.
51.
49.

28.
2935.
41-

37.
44.
30.
15-

46.
4860.
64.

17.
810.
21-

14.
7.
1119.

45.
4256.
62.

41.
33.
19.

1.
1.
0.
1-

69.
71.
7881-

30.
29.
22.
18.

1976-Q1__ |
-Q2-- |
-Q3-..J
-Q4. .. |

15.
10.
8.
10.

36.
39.
37.
40.

49.
51.
55.
50.

11.
9.
13.

4848.
48.
49.

41.
41.
4338.

2118.
14.
19.

59.
64.
69.
69.

21.
18.
16.
12.

20.
171612.

57.
58.
67.
68.

23.
26.
17.
20.

11.
11.

83818385-

16.
18.
17.
14.

1977-Q1...|

8.
6.
3.
4.

34.
2726.
30.

58.
67.
72.
65.

12.
17.
25.
37.

46.
50.
47.
49.

42.
33.
28.
14.

28.
30.
40.
52-

62.
61.
55.
45.

10.
9.
6.
4.

1010.
4.
3-

56.
56-

“Q3-.-I
-Q4... |

41-

34.
3445.
56-

100.
0-

838380.
73-

16.
17.
19.
26-

1978-Q1...|
-Q2...1
-Q3. .. |
“Q4-- J

10.
10.
9.
5.

3328.
34.
33.

57.
62.
57.
62.

31.
38.
41.
48.

51.
45.
4540.

1817.
1412.

5046.
29.
28.

42.
45.
6161.

9.
9.
IQ12.

579.
9.

4042.
5760.

5652.
3431.

0.
00.
0.

77717675.

2329.
24.
25.

1979-Q1-..|
-Q2.-.J
-Q3...I

16.
11.
11.
13.

33.
23.
31.
34.

51.
67.
58.
5*.

50.
60.
50.
49.

38.
30.
39.
40.

1211.
11.
11.

2630.
2221.

56.
5565.
69.

1815.
13.
10.

14.
11.
10.
10.

5652.
63.
64.

30.
37.
27.
27.

1.
0.
0.
0.

7569.
7467.

1980-Q1...|
-Q2..-I
-Q3. .• 1
-Q4— -I
1
1981-Q1...|
-Q2...I

30.
47.
56.
48.

2922.
22.
32.

41.
32.
21.
20.

45.
58.
23.
12.

43.
36.
47.
45-

12.
7.
30.
43.

33.
5844.
25-

55.
33.
43.
55-

12.
9.
12.
20-

10.
6.
9.
16-

53.
3345.
55.

38.
61.
45.
28-

0.
10.

67.
426271-

33.
57.
38.
29.

63.
49.

24.
31.

1319.

10.
8.

38.
42.

53.
53.

22.
29.

4252.

36.
19.

26.
17.

49-

25.
32.

7571-

24.
28.

1971-Q1__ |
-Q2. - . |
-Q3. .. J
-Q4...|
1
1972-Q1...|
-Q2..-1
-Q3-- J
-Q4... |
1973-Q1-..|
-Q2...I
-Q3...I
-Q4...|
1
1974-Q1... |
-Q2-- J
-Q4...J
1975-Q1...1
-Q2...I
“Q3-- |
-Q4. .. |

SI-

I
o
4»

I

___________ 1—




IV

SI.

SI.

00-

1-

24-

SI.

2633.

41

LAID VALUE AID CREDIT COMDITIOHS SURVEY, SEVENTH FEDEBAL BESEBVE DISTRICT— FEDERAL BESEBVE BANK OF CHICAGO
TABLE 3 4 1 . 2Q
FABH NON-RBAL-ESTATE LOAN VOLUHE EXPECTED DOBING THE CUBBENT QUARTER, COHPABED 8ITH VOLUME OF LOANS HADE A YEAR EARLIEB
PERCENTAGE OF BANKS REPORTING
DATE OF
SURVEY

TOTAL

FEEDER CATTLE

DAIRY

LONER SAHE HIGHER

LONER SAHE HIGHER

LONER SAHE HIGHER

1970-Q2...
- Q 3 . ..
- Q4 ___

8.
13.
10-

60.
59.
61.

32.
29.
29.

1 9 7 1 - Q 1 . ..
-Q2...
-Q3— .
-Q4. . .

96.
7.
7.

55.
52.
56.
52.

3642.
3741.

1972-Q1--•
-Q2...
- Q 3 . ..
- Q 4 ___

106.
7.
10.

53.
48.
60.
50.

3846.
33.
40.

1973-Q1...
-Q2- —
-Q3...
-Q4...

12.
8.
10.
22.

42.
31.
46.
35-

46.
61.
45.
42.

1974-Q1...
“ Q2. . - Q 3 ___
- Q 4 ___

22.
11.
16.
28.

36.
30.
40.
36.

42.
59.
44.
36.

19 7 5 - Q 1 ...
-Q2...
-Q3...
-Q4...

23.
14.
14.
21.

29.
30.
43.
43.

48.
55.
43.
35.

1976-Q1...
-Q2...
-Q3...
- Q 4 . ..

13.
89.
10.

43.
39.
46.
42.

4453.
45.
48.

1977-Q1- —
-Q2.—
-Q3...
-Q4...

747.
11.

38.
32.
36.
31.

56.
6457.
57-

1978-Q1- —
- Q 2 . ..
- Q3 -- -Q4...

10.
8.
10.
11.

39.
29.
45.
40.

SI.
63.
4549.

1 9 7 9 - Q 1 ...
- Q2 --~Q3. - -Q4...

1910.
16.
22-

39.
32.
39.
38-

42.
5845.
40.

1980-Q1...
-Q2...
-Q3...
-Q4...

26.
54.
4235.

33.
18.
36.
41.

412822.
24.

I 9 8 1 - Q 1 - ..
-Q2— .

43.
27.

37.
41-

2032-




1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
I
1
1
1
1
1
1
1
1
1
1
1
1
1
I
1
1
i
1
1
1
1
1
1
1
1
1
I
1
1
1
1
1
1
1

1919.
27.

565851.

25.
23.
23.

3222.
18.
13-

58.
65.
66.
48.

9.
13.
1739-

131618.
19.

60.
5950.
43.

27.
24.
32.
38.

15.
23.
3828.

55.
43.
3840..

30.
34.
2432.

37.
53.
5967.

40.
3533.
26.

23.
12.
8.
7-

73.
58.
36.
28.

22.
33.
42.
42-

5.
9.
22.
30-

21.
2736.
41.

SI.
52.
50.
45.

28.
21.
14.
14.

22.
31.
25.
13-

54.
53.
54.
50.

24.
1620.
37.

1413.
1817.

5546.
50.
40.

30.
41.
31.
44.

26.
26.
31.
29.

40.
40.
48.
40.

34.
34.
21.
30.

3S.
70.
42.
32.

47.
26.
49.
51.

18.
4.
916.

51.
57.

45.
40.

4.
3.

1
1
1
1
1
1
1
1
I
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
i
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
i
1
1

OPERATING

FARH MACHINERY

LONER SAHE HIGHER

LONER SAHE HIGHER

CROP STORAGE

23.
***
***

69.
***
***

8.
***
***

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

***
**♦
***
***

***
«**
***
***

1314.
***
***

76.
72.
***
***

10.
14.
• **
***

14.
15.
24.
23-

73.
66.
60.
61.

13.
191616.

22.
24.
27.
37.

60.
59.
62.
51.

17.
17.
11.
11.

44.
33.
25.
27.

4856.
6664.

8.
1199-

23.
22.
26.
23.

66.
6561.
65.

11.
13.
13.
Il­

2021.
17.
18-

67.
62.
71.
69.

ls.
1812.
12-

16.
15.
15.
17.

7367.
73.
68.

11.
18.

21.
17.
18.
21.

68.
65.
70.
67.

12.
18.
12.
11.

28.
41.
28.
22.

64.
53.
65.
70.

8.
6.
7.
9.

32.
27.

60.
64.

8.
9-

12 .

15.

LONER SAHE HIGHER
I
I
I
1
1
1
1
1
1
1
1
1
1
i
1
1
1
1
1
1
1
1
1
I
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

1

1
1
1
1
1
i
1
1
1
1
1

**♦
***
15.

**♦
***
54.

***
***
31.

14.
***
***
6.

57.
***
***
53.

29.
***
**«
41.

13.
***
***
12.

63.
***
***
60.

24.
♦ **
***
28.

18.
16.
12.
10.

61.
60.
5044.

2123.
3846.

20.
17.
14.
16.

50.
57.
57.
43.

29.
2630.
41.

2323.
17.
14.

47.
53.
57.
53.

3024.
27.
32.

14.
17.
16.
12.

53.
57.
55.
50.

332529.
38.

11.
14.
12.
11.

50.
54.
44.
26.

38.
32.
44.
63.

16.
17.
13.
12-

45.
55.
57.
40.

39.
28.
2948.

20.
20.
25.
23.

55.
55.
57.
52.

25.
25.
18.
26.

23.
49.
36.
32.

48.
33.
SI49.

2918.
13.
18.

40.
35-

46.
52.

14.
13.

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

8.
10.
9-

49.
52.
57-

44.
38.
34.

6.
5.
9.
8-

47.
34.
48.
59-

4660.
44.
33-

10.
7.
10.
18.

48.
42.
55.
56.

42.
51.
3526-

11.
7.
921.

36.
27.
39.
41.

52.
66.
52.
39.

16.
76.
12.

28.
19.
28.
30.

56.
7466.
58-

9.
4.
7.
18.

2118.
3242.

70.
78.
61.
40.

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

9.
7.
7.
8.

36.
3138.
40.

55.
625652.

4.
2.
4.
9.

31.
2129.
30.

65.
77.
66.
61.

8.
7.
913.

31.
23.
38.
40.

6171.
53.
47.

107.
8.
15.

35.
2536.
34-

54.
6857.
50.

14.
31.
20.
21.

26.
20.
3345.

6049.
4734.

25.
13.

33.
30.

42.
57.

I
1
1
1
1
1

l
1
1
1
1
1
1
1
1
1
1
1
1
1
1
i
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
I
1
1
1
1
1
I
1
1
1
1
1
1
1
1
1
1
1
1

1

30.
32.
29.

44.
45.
49-

25.
23.
22.

34.
26.
20.
14.

49.
47.
57.
58-

17.
27.
23.
28.

117.
10.
9-

54.
51.
60.
47-

35.
42.
3044.

85.
912.

3926.
39.
30.

5369.
53.
58.

15.
8.
22.
25.

28.
28.
37.
36.

5664.
42.
40.

2528.
26.
15.

35.
3640.
40.

39.
36.
34.
45.

12.
1112.
16.

43.
38.
45.
41.

45.
51.
43.
43.

16.
1430.
55.

41.
39.
39.
30.

43.
48.
30.
15.

45.
3526.
20.

37.
34.
44.
43.

18.
31.
30.
37.

25.
17.
22.
28.

41.
3542.
37-

35.
48.
36.
35.

41.
86.
7345.

35921.
33.

234.
7.
22.

49.
46.

32.
36.

18.
18.

LAND VALUE AND CREDIT CONDITIONS SURVEY, SEVENTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF CHICAGO
TABLE 341.3Q

LOAN/DEPOSIT RATIOS

DATE OF
SURVEY

1970-Q1...
-Q2__
-Q3. - .
-Q4__

1PERCENTAGE OF BASKS REPORTING
AVERAGE
| THAT LOAN/DEPOSIT RATIO IS—
LOAN/DEPOSI5n ___
. ...
. . . ..
HIGHER
RATIO
1 LONER
DESIRABLE
(PER CENT) ] THAN
THAN
DESIRED
l DESIRED
1
55.
49.
28.
1
23.
55.
|
25.
47.
28.
56.
46.
37.
1
17.
***
|
***
***
***

TYPICAL INTEREST RATES CHARGED ON FARH LOANS
(AVERAGE, PER CENT)
|
|
1
1
1967-Q1...|
-Q2- .. |
-Q3...I
-Q4...I

FEEDER CATTL E
LOANS

OPERATING
LOANS

6.42
6.41
6.39
6.42

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

*****
*****
*****
„ *****

DATE OF
SURVEY

REAL ESTATE
LOANS

1971-Q1...
-Q2--Q3...
--

***
54.
55.
55.

j
|
1
1

***
44.
47.
45.

***
41.
35.
38.

***
15.
18.
17.

1968-Q1...(
-02... |
-Q3-- J
-Q4...I

6.52
6.67
6.85
6.86

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

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

1972-Q1...
-Q2-- .
-Q3--Q4--

54.
54.
55.
55.

46.
52.
49.
55.

36.
34.
32.
31.

17.
14.
19.
14.

1969-Q1...|
-Q2...|
-Q3-- I
-Q4...I

6.85
7.04
7.19
7.47

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

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

1973-Q1-. -Q2__
-Q3...
-Q4--

54.
54.
55.
56.

|
1
|
1
1
1
|
1
1

51.
51.
45.
41.

32.
32.
34.
37.

17.
1720.
22.

1970-Q1...|
-Q2...I
-Q3..-I
-Q4...I

7-59
7.73
7.78
7.81

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

7.81
*****
8.00
*****

1974-Q1...
-Q2__
-Q3. - .
-Q4. ..

55.
54.
58.
57.

48.
52.
36.
30.

32.
31.
37.
38.

20.
17.
27.
32.

1971-Q1...|
-Q2...I
-03...|
-Q4...I

7.81
7.58
7.57
7.57

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

8.03
7.76
7.70
7.74

1975-Q1...
-Q3__
-Q4...

57.
56.
56.
57.

32.
35.
39.
42.

36.
37.
39.
36.

3228.
22.
22.

1972-Q1...|
-02...1
-Q3...I
-Q4-.-I

7.54
7.46
7.44
7.47

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

7.69
7.62
7.61
7.64

1976-Q1. ..
-Q2...
-Q3. . .
-04...

57.
56.
57.
59.

|
i
|
|
1
1
1
|
|
i
|
|
|
1

42.
44.
43.
41.

34.
36.
33.
34.

23.
20.
24.
25.

1973-Q1...|
-Q2..-I
-Q3-- |
-Q4...I

7.52
7.55
7.69
8.27

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

7.67
7.71
7.81
8.35

1977-Q1...
-02...
-03...
— Q4__

59.
59.
61.
64.

39.
35.
32.
22.

3537.
30.
32.

26.
28.
38.
46.

1974-Q1...|
-Q2..-I
-Q3...I
-Q4-- |

8.28
3.30
8.60
9.05

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

8.50
8.39
8.60
9.06

1978-Q1...
-02...
-Q3...
-Q4...

62.
64.
64.
66.

27.
23.
22.
19-

32.
33.
33.
28.

41.
44.
46.
52.

1975-Q1...|
-Q2-- |
-03... |
-Q4...|

8.95
8.84
8.76
8.81

*****
*****
*****
8.90

1979-Q1...
-Q2...
-03...
-Q4. ..

65.
67.
67.
68.

17.
15.
14.
15.

33.
27.
31.
33-

50.
58.
55.
52.

1976-Q1__ |
-02...|
-Q3-- |
-Q4— I

8.80
8.74
8.79
8.76

8-89
8.85
8.88
8.87

8.97
8.95
8.95
8.96

190G-Q1...
-Q2__
-03...
-Q4. •.

66.
66.
65.
62.

1
1
|
|
1
I
|
|
1
I
1
I
I
I
J
|
i
I
|

16.
11.
29.
40.

36.
38*
40.
39.

48.
5131.
21.

1977-Q1...|
-02...|
-Q3..-I
-Q4...I

8.71
8.71
8.74
8.79

8.83
8.82
8.84
8.89

8.92
8.91
8.93
8.97

1981-Q1...
-Q2...

61.
60.

|
1
_L_

46.
47.

37.
36.

17.
17.

1978-Q1... |
-Q2. --1
-Q3. .. |
-04...1

8.85
8.90
9.12
9.40

8.91
9.00
9.21
9.50

9.00
9.07
9.30
9.61

1979-Q1-— I
-Q2..-I
-03... |
-Q4...I

10.14
10.46
10.82
11.67

10.25
10.54
10.91
11.73

10.20
10.47
10.83
11.41

1980-Q1...J
-Q2-..I
-Q3...I
-Q4...I

13.52
17.12
13.98
14.26

13.57
17.13
14.01
14.31

13.02
16.17
13.47
13.71

1981-01...|
-Q2-- |
1

17.34
16.53

17.39
16.55

15.73
15.38




i

9.04
8.94
8.89
8.96

LAND TILDE ADD CREDIT CONDITIONS SURVEY, SEVENTH FEDERAL RESERVE DISTRICT— FEDERAL RESERTf BANK OF CHICAGO
TABLE 341.5Q

TRENDS IN FARE REAL ESTATE VALUES AND LOAN VOLUNE
MARKET VALUE OF GOOD FARHLAND
1
l_
DATE OF
| PERCENTAGE CHANGE
PERCENTAGE OF BANKS EXPECTING
SURVEY
| FROH PREVIOUS—
TREND DURING THE CURRENT
QUARTER TO BE—
1
YEAR
1 QUARTER
1
_ UP _ _
..BONN
.STABLE
1
1961-Q1...|
-1.
-3.
42.
554.
-Q2__ J
0.
-3.
25.
69.
6.
-Q3- -- |
2.
-215.
75.
10.
-Q4A-- |
2.
2.
74.
9.
17.

PERCENTAGE OF BANKS EXPECTING
FARM REAL ESTATE LOAN VOLUME
DURING THE CURRENT QUARTER,
AS COMPARED KITH VOLUME MADE
A YEAR EARLIER, TO BE—
LONER

SAME

HIGHER

666
6 66
666
6 66

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

000
000
000
000

1962-Q1..-|
-Q2-- j
-Q3-- I

•••
1***
0.

***
4.
666
1.

***
6.
***
10.

666
75.
666
SI-

***
19666
10.

666
666
666
666

***
***
***
*♦*

000
000
000
000

1963-Q1...|
-Q2__ |

1.
0.
2.
1.

666
1.
3.
3.

4.
5.
3.
5.

76.
71.
7459.

20.
24.
2336.

***
666
***
***

***
*♦*
***
000

000
000
000
000

1964-Q1... |
-Q2-..I
-Q3...|
-Q4--.|

1.
1.
1.
2.

3.
4.
3.
4.

2.
1.
2.
1.

61.
58.
61.
54-

37.
41.
37.
45.

666
666
666
666

000
000
000
000

000
000
000
000

1965-Q1.-.|
~Q2-- 1
-Q3__ |
-Q4...|

1.
2.
1.
2.

56.
5.
7.

1.
1.
01.

45.
39.
42.
24.

54.
60.
58.
75.

666
666
2666

000
000

000
000

73***

25.
***

1966—Q1... 1
-Q2.-. 1
-Q3- .. |
-Q4..-I

2.
4.
1.
3.

8.
10.
9.
9.

0.
0.
1.
1.

26.
1728.
34.

74.
83.
71.
65.

3666
***
4.

67.

30.
*♦*
***
33-

1967-Q1.— |
-Q2.--I
-03.— |
-Q4.— |

2.
2.
1.
2.

8.
7.
5.
6.

1.
11.
2.

42.
44.
SI45.

57.
56.
48.
53.

***
***
8.
13.

000
000

1968-Ql..-|
-Q2..-»
-Q3...|
-Q4.— |

2.
2.
0.
1.

6.
6.
6.
3.

8.
8.
6.
13.

59.
56.
58.
59.

33.
36.
35.
28.

•••
***
27.
28.

**•
♦**
63.
62.

000
000

1969—Q1...|
-02..- |
-03- .. |
-Q4. .. |

21.
2.
0.

5.
3.
4.
4.

814.
12.
20.

68.
62.
66.
66.

24.
24.
22.
14.

12.
**•

81.

7.
***

44.

50.

5-

19W-Q1..-I
-Q2-- |
-03... »
-Q4-..I

0.
1.
0.
0.

4.
t.
-1.
0.

22.
21.
15.
17.

64.
68.
78.
72-

14.
11.
8.
11.

41.
35.
31.

52.
*6*
60.
59.

8.
•66
5.
10.

1971-Q1-..|
-02... |
-03... |
-04- .. 1

1.
12.
1.

1.
2.
3.
4.

14.
6.
1.
3.

75.
80.
83.
81.

11.
14.
16.
16.

28.
17.
13.
9t.

63.
68.
75.
76-

9.
1511.
15.

1972-Q1...|
-Q2. .. |
-03-.. |
-Q4— |

1.

2.
3.

4.
4.
36.

3.
1.
0.

75.
65.
6647.

22.
34.
34.
52.

11.
8.
10.
8.

72.
70.
72.
67.

17.
23.
18.
25.

1973-Q1..«|
-Q2...I
-03-.. |
-Q4..-I

2.
64.
8.

7.
11.
13.
17.

1.

0.
1.
1.

52.
4443.
43.

47.
56.
56.
56.

8.
712.
17.

70.
61.
63.
62.

22.
3225.
21.

1974-Q1-..|
-02...|
-03... |
-Q4...I

5.
12.
3.
8.

24.
34.
29.
25.

2.
3.
8.
5.

52.
53.
67.
66.

46.
44.
25.
29.

17.
11.
2635.

64.
62.
6154.

19.
27.
13.
11.

1975-Q1...|
-Q2-- |
-03...|
-Q4- .. |

3.
2.
4.
9.

23.
14.
15.
17.

9.
8.
6.
1.

77.
79.
81.
56.

14.
13.
13.
43.

34.
26.
23.
20.

56.
6268.
68.

9.
12.
9.
12.

1976-Q1...|
-02...|
-Q3... |
-Q4...I

7.
7.
6.
8.

22.
27.
30.
29.

3.
1.
2.

68.
67.
58.
55.

29.
31.
41.
43.

1511.
17.
15-

73.
71.
6567.

13.
18.
IB19.

1977-Q1--.|
-Q2--.|
-03...|
-Q4...I

5.
8.
4.
-1.

28.
3030.
18.

2.
1.
934.

615165.
56.

37.
48.
26.
10.

16.
12.
18.
36-

64.
656656.

20.
23.
16.
8.

1978-Q1---|
-Q2-- |
-Q3..-I
-Q4...|

2.
4.
4.
4.

13.
7.
8.
15.

16.
6.
3.
3.

7471.
74.
69-

10.
23.
2328.

3125.
25.
29.

6163.
64.
62-

10 -

1979-Q1-..|
-02.-.1
-03... |
-Q4..-I
1
1980-01...1
-Q2.-.I
-Q3...|
-Q4...|

3.
2.
3.
6.

17.
16.
1317.

2.
3.
23-

70.
62.
6556.

28.
35.
33.
41.

35.
3129,.
37.

5859.
62.
57.

7.
109.
6.

2.
2.
2.
5.

14.
9.
3.
3.

4.
47.
20,.
5-

70.
5073.
66.

26.
4.
7.
29-

46.
74.
56.
40.

51.
25.
42.
56-

2.
1.
2.
4.

1981-Q1— |
-Q2..-I
__________ l

4.
2.

7.
10.

4.
3.

62.
71.

33.
26.

4335.

54.
61.

3.
4.

1.




1.

1.

000
000

64.

7672.

11.
10.

000

00*

000

**♦
***
15.
15.

813.

9.

SURVEY OF CURRENT
TABLE 342.1Q

AGRI CULT URAL

CREDIT

CONDITIONS,

NI NT H

FE DE RAL

RESERVE

D I S T R I C T — F E D E * AL

" E S ’ RVS

B ANK

OF

MINNEAPOLIS

CURRENT FARM LENDING EXPERIENCE
PERCENTAGE OF BANKS REPORTING
PROPORTION OF PARK
CUSTOMERS LOANED UP
TO THEIR PRACTICAL
DEBT LIMIT, COMPARED
WITH A YEAR EARLIER

CURRENT EXPERIENCE COMPARED WITH USUAL CONDITIONS
DATE OF
SURVEY

DEMAND FOE NON- REAL-ESTATE LOANS
SHORT-TERM

INTERMEDIATE-TERM
LOWER .SAME .HIGHER

LOWER

SAME

HIGHER

1964-Q1...
-Q2...
-Q3...
-Q4...

9.
7.
15.
16.

66.
76.
68.
71.

25.
17.
17.
13.

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

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

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

1965-Q1...
-Q2...
-Q3...
-Q4...

8.
7.
3.
17.

57.
60.
69.
78.

35.
33.
28.
5.

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

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

**♦
***
***
#**

1966-Q1...
-Q2...
-Q3...
-Q4...

9.
6.
***
10.

70.
78.
***
77.

21.
16.
*♦*
13.

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

***
♦**
***
***

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

1967-Q1...
-Q2...
-Q3...
-Q4...

8.
3.
3.
14.

77.
80.
65.
77.

15.
17.
32.
9.

***
***
7.

***
***
***
87.

***
***
***
6.

1968-Q1...
-Q2. ..
-Q3...
-Q4...

2.
3.
2.
4.

76.
76.
72.
87.

22.
21.
26.
9.

6.
8.
5.
7.

80.
76.
84.
85.

14.
16.
11.
8.

1969-Q1...
-Q2...
-Q3...
-Q4...

8.
10.
5.
VO.

82.
72.
81.
76.

10.
18.
14.
14.

7.
11.
8.
10.

82.
76.
79.
80.

12.
13.
13.
10.

1970-Q1...
-Q2...
-Q3. ..
-Q4...

6.
2.
3.
7.

76.
78.
66.
ei.

18.
20.
31.
12.

7.
12.
14.
12.

85.
76.
69.
83.

9.
11.
17.
5.

1971-Q1»..
-Q2...
-Q3...
-Q4...

8.
4.
4.
6.

74.
62.
74.
64.

18.
33.
22.
11.

15.
12.
5.
9.

79.
75.
87.
79.

6.
13.
8.
12.

1972-QT...
-Q2...
-Q3...
-Q4...

6.
2.
2.
11.

79.
85.
84 *.
81.

15.
13.
13.
7.

5.
2.
5.
5.

85.
85.
85.
85.

10.
13.
10.
10.

1973-Q1...
-Q2...
-Q3...
-Q4...

17.
13.
8.
20.

72.
64.
72.
67.

12.
23.
20.
13.

7.
5.
5.
11.

85.
77.
83.
71.

9.
18.
14.
17.

1974—Q1...
-Q2...
-Q3...
-Q4...

19.
25.
6.
12.

62.
54.
66.
65.

19.
21.
28.
24.

14.
14.
11.
16.

77.
74.
77.
72.

9.
12.
12.
12.

1975-Q1.••
-Q2...
-03...
-Q4...

15.
11.
9.
12.

55.
59.
56.
79.

30.
30.
35.
10.

23.
13.
17.
15.

67.
71.
68.
74.

10.
16.
15.
12.

1976-Q1. . .
-Q2...
-Q3...
-Q4...

7.
4.
8.
13.

64.
75.
61.
57.

30.
20.
31.
30.

12.
9.
20.
23.

73.
78.
70.
63.

15.
13.
9.
14.

1977-Q1...
-02...
-Q3...
-Q4...

9.
8.
3.
8.

55.
53.
60.
60.

37.
39.
37.
31.

25.
25.
20.
22.

50.
58.
66.
56.

25.
17.
14.
21.

1978-Q1...
-02...
-Q3...
-Q4. ..

6.
5.
1.
6.

69.
66.
72.
63.

26.
29.
28.
31.

22.
13.
6.
7.

67.
73.
75.
72.

11.
14.
19.
22.

1979-Q1...
-Q2...
-Q3...
- Q4.. .

3.
1.
4.
6.

70.
69.
54.
43.

28.
30.
42.
51.

9.
8.
6.
9.

76.
71.
67.
65.

15.
21.
27.
26.

1980-Q1...
-Q2...
-Q3. ..
-Q4...

15.
26.
38.
36.

55.
50.
49.
60.

31.
24.
14. *
4.

29.
52.
74.
46.

60.
41.
23.
50.

12.
7.
3.
4.

1981-Q1...
-Q2...

58.
33.

39.
57.

3.
10.

71.
56.

28.
41.

1.
3.

I
1
1
1
L
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
I

1
1
1
1
1
1
1
t

1
1
1
1
i
i
i
i
i
i
i

i-

DEMAND FOR DEBT
EXTENSION OR
REFINANCING

DEBT
REPAYMENT

LOWER

SAME

HIGHER

SLOW

USUAL

RAPID.

LOWER

SAME

HIGHER .

*♦*
*♦*
5.
9.

*♦*
***
52.
53.

***
***
43.
38.

28.
23.
34.
27-

62.
76.
66.
71.

10.
1.
0.
2.

12.
15.
15.
6.

58.
- 45.
43.
54.

29.
40.
42.
40.

2.
2.
11.
21.

38.
43.
62.
63.

60.
55.
27.
16.

53.
46.
26.
11.

46.
52.
70.
75.

1.
2.
4.
14.

4.
7.
8.
25.

53.
53.
60.
63.

43.
40.
32.
12.

20.
15.
***
22.

50.
65.
*♦*
68.

30.
20.
*•*
10.

23.
10.
***
6.

67.
84.
***
80.

10.
6.
***
14.

20.
16.
***
16.

64.
70***
74.

16.
14.
***
10.

18.
6.
11.
16.

70.
79.
81.
71.

12.
15.
8.
13.

11.
16.
10.
6.

74.
83.
69.
87.

15.
1.
1.
7.

18.
9.
6.
10.

76.
8381.
80.

6.
8.
13.
10.

8.
2.
6.
17.

65.
65.
70.
79.

27.
33.
24.
4.

26.
26.
0.
6.

73.
74.
83.
80.

1.
0.
17.
14.

7.
10.
2.
14.

68.
61.
66.
72.

25.
29.
32.
14.

13.
9.
11.
14.

72.
71.
76.
78.

15.
20.
13.
8.

1219.
11.
6.

84.
79.
87.
89.

4.
2.
2.
5.

15.
6.
2.
7.

73.
75.
82.
82.

12.
19.
16.
11.

14.
10.
10.
6.

67.
73.
77.
82.

19.
17.
13.
12.

11.
14.
16.
16.

82.
85.
82.
82.

7.
2.
1.
2.

10.
8.
3.
5.

75.
75.
7 V.
75.

16.
18.
26.
20.

6.
4.
3.
9.

58.
71.
85.
83.

36.
25.
12.
8.

38.
25.
19.
9.

59.
75.
81.
87.

4.
0.

69.
69.
75.

3.

3.
3.
3.
6.

8 i;

29.
28.
22.
13.

VO.
4.
5.
16.

74.
81.
87.
79.

75.
T5.
8.
5.

18.
12.
7.
2.

77.
86.
92.
86.

6.
2.
1.
12.

12.
9.
9.
17.

76.
79.
83.
79.

12.
12.
7.
4.

30.
24.
19.
44.

66.
69.
77.
54.

4.
6.
5.
2.

0.
2.
1.
3.

74.
76.
80.
56.

26.
23.
18.
40.

30.
36.
28.
43.

68.
61.
71.
56.

1.
3.
2.
1.

42.
40.
20.
17.

53.
50.
64.
59.

5.
10.
16.
24.

4.
6.
23.
35.

61.
6€.
71.
57.

36.
28.
6.
8.

44.
41.
19.
16.

55.
56.
57.
57.

1.
3.
23.
27.

7.
8.
7.
13.

49.
47.
52.
63.

45.
45.
41.
24.

52.
50.
34.
21.

40.
45.
65.
74.

8.
5.
1.
4.

10.
10.
6.
12-

51.
45.
56.
63.

38.
45.
37.
25.

4.
4.
5.
1.

58.
54.
61.
51.

38.
42.
34.
47.

31.
42.
35.
60.

69.
58.
63.
38.

1.
0.
2.
2.

9.
6.
3.
2.

61.
62.
61.
56.

31.
32.
36.
42.

1.
1.
2.
1.

30.
34.
43.
38.

69.
64.
55.
61.

75.
75.
62.
74.

25.
25.
38.
26.

0.
1.
0.
0.

2.
1.
1.
2.

44.
49.
45.
47.

55.
51.
55.
52.

1.
2.
4.
10.

36.
50.
76.
73.

63.
48.
20.
17.

61.
55.
28.
28.

39.
45.
67.
67.

1.
0.
5.
4.

6.
7.
16.
23.

45.
61.
62.
62.

50.
31.
22.
15.

13.
10.
11.
5.

71.
76.
69.
58.

16.
14.
19.
37.

21.
18.
20.
46.

71.
72.
77.
52.

8.
10.
3.
2.

30.
28.
18.
8.

61.
60.
56.
63.

8.
13.
26.
28.

7.
4.
6.
9.

51.
40.
51.
68.

41.
55.
43.
23.

46.
64.
62.
32.

50.
36.
36.
59.

4.
0.
3.
9.

6.
3.
1.
5.

62.
40.
46.
69.

32.
57.
53.
26.

8.
7.

61.
56.

31.
37.

30.
44.

58.
53.

11.
4.

11.
4.

62.
63.

27.
32.

V

1.

t

i
»
i
i
i
i
i
i
i
i
i
i
i
»

i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
1
1

i
i
i
i
i
i
i
i

AS OF THE 1981-Q2 (APRIL 1) SURVEY

THE WORDING OF MANY QUEST IONS WAS ALTE RED.

TH

S JPVSY RESULTS SHOWN ABOVE ARE HIGHL1r COMPAPAB3

TO EARLIER DATA.
HOWEVER, BECAUSE THE COLUMN HEADINGS REFLECT THE OLD FORM OF THE QUESTIONS, PZ=3C«S ISI S3 OR NOTING THE LATEST
RESULTS SHOULD OBTAIN THE NEW WORDING BY REQUESTING COPIES OF THE NEW QUESTIONATRE AND SURVEY REPORT (AGrlC'JLI :?.\L CREDIT CONDITIONS
SURVEY, FIRST QUARTER 1981) FROM THE RESEARCH DEPARTMENT, FEDERAL RESERVE BANK, MINNEAPOLIS, !N 55430.




SURVEY OF CURRENT AGRICULTURAL CREDIT CONDITIONS, NINTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE EANK OF MINNEAPOLIS
TABLE 3U2.2Q

EXPECTED FARM LOAN DEMAND AND REPAYMENT CONDITIONS
PERCENTAGE OF BANKS REPORTING
EXPECTED DEMAND FOR FARM LOANS IN CURRENT
QUARTER, COMPARED WITH USUAL CONDITIONS
DATE OF
SURVEY

NON-REAL-ESTATE LOANS
LOWER

DEBT EXTENSION
OR REFINANCING

SAME

HIGHER

LOWER

SAME

HIGHER

1964-Q1...
-Q2...
-Q3...
-Q4...

6.
5.
5.
4.

73.
72.
73.
6 4.

21.
23.
22.
32.

***
***
4.
1.

***
***
66.
59.

***
***
30.
40.

1965-Q1...
-Q2...
-Q3...
-Q4...

2.
3.
9.
20.

49.
47.
74.
68.

49.
50.
17.
12.

1.
1.
14.
28.

44.
51.
69.
53.

54.
48.
17.
19.

1966-Q1...
-Q2...
-Q3...
-Q4...

5.
4.
***
14.

72.
78.
***
72.

23.
18.
***
14.

14.
11.
***
26.

66.
76.
***
64.

20.
13.
***
10.

1967-Q1...
-Q2...
-Q3...
-Q4...

6.
3.
4.
13.

87.
76.
82.
73.

7.
21.
14.
14.

13.
3.
4.
13.

79.
81.
87.
74.

8.
16.
9.
13.

1968-Q1...
-Q2...
-Q3. ...
-Q4...

6.
6.
4.
7.

81.
74.
79.
80.

13.
20.
17.
13.

6.
0.
4.
12.

64.
70.
79.
71.

30.
30.
17.
17.

1969-Q1....
-Q2...
-Q3...
-Q4...

6.
4.
8.
10.

82.
75.
75.
79.

12.
21.
17.
11.

11.
5.
7.
11.

75.
75.
82.
79.

14.
20.
11.
10.

1970-Q1...
-Q2...
-Q3...
-Q4...

2.
5.
7.
8.

81.
73.
80.
79.

17.
23.
14.
13.

7.
6.
7.
8.

76.
78.
78.
71.

17.
15.
15.
20.

1971-Q1...
-Q2...
-Q3. .•
-Q4...

5.
3.
2.
9.

76.
69.
88.
76.

19.
28.
11.
14.

3.
3.
3.
13.

71.
75.
86.
75.

26.
22.
10.
13.

1972-Q1...
-Q2...
“Q3...
-Q4...

3.
2.
4.
16.

85.
83.
88.
69.

12.
t4.
7.
15.

7.
4.
7.
25-

77.
83.
87.
65.

18.
13.
6.
10.

1973-Q1...
-Q2...
-Q3...
-04...

22.
5.
5.
33.

70.
76.
81.
51.

8.
19.
44.
15.

27.
16.
t5.
48.

69.
77.
80.
44.

4.
8.
5.
8.

1974-Q1...
-02...
-03...
-Q4...

36.
14.
9.
11.

59.
62.
63.
53.

6.
24.
28.
35.

46.
27.
6.
11.

50.
63.
66.
47.

4.
10.
28.
42.

1975-Q1...
-02...
-Q3...
-Q4...

20.
10.
7.
12.

51.
49.
70.
72.

29.
41.
23.
16.

17.
8.
4.
10.

38.
44.
71.
65.

1976-Q1...
-02...
-Q3...
-Q4...

4.
3.
9.
7.

70.
78.
65.
51.

27.
19.
26.
42.

1.
3.
5.
1.

1977-Q1...
-Q2...
-Q3...
-Q4...

10.
7.
8.
3.

46.
46.
61.
56.

44.
46.
31.
41.

1978—Q1...
-Q2...
-Q3...
-Q4. ..

7.
3.
4.
12.

59.
58.
69.
64.

1979-Q1...
-Q2...
-Q3...
-Q4. ..

3.
3.
3.
9.

1980-Q1...
-Q2..-Q3...
-Q4...
1981-Q1...
-Q2...

|
| ADVERSE CHANGE
EXPECTED IN
1
| FARMERS' ABILITY
f TO REPAY DEBTS
II N THE NEAR FUTURE
1
1
|
35.
52.
1
|
48.
|
47.
1
|
48.
|
32.
1
23.
|
22.
1
1
10.
|
7.
i
***
|
5.
1
|
9.
|
21.
|
15.
|
30.
I
|
30.
|
35.
|
27.
|
28.
1
|
14.
|
20.
|
21.
I
15.
I
|
17.
|
15.
17.
|
|
19.

45.
48.
25.
25.

1
|
|
)
1
|
|
|
f
1
!
|
|
|
1
I
|
|
|
I
|
|
I
|

62.
63.
31.
20.

62.
75.
55.
29.

36.
22.
40.
71.

|
|
|
|

29.
34.
58.
70.

1.
1.
5.
0.

21.
39.
41.
34.

79.
60.
54.
66.

73.
66.
60.
58.

34.
39.
27.
24.

2.
2.
10.
20.

47.
64.
76.
62.

51.
35.
14.
19.

|
|
|
|
1
|
|
|
|

77.
66.
63.
48.

20.
30.
34.
43.

10.
8.
8.
10.

76.
76.
73.
43.

14.
17.
19.
47.

|
|
|
|

9.
15.
24.
34.

17.
18.
27.
21.

54.
45.
56.
67.

30.
38.
16.
12.

6.
9.
7.
16.

56.
38.
54.
63.

38.
53.
39.
21.

46.
83.
69.
29.

45.
11.

46.
73.

9.
16.

14.
7.

51.
60.

35.
33.

|
|
|
|
I
|
|
_1_

26.
21.
17.
19.
14.
8.17.
5.
5.
3.
9.
6.
9.
24..
59.
56.

48.
33.
12.
20.

35.
37.

AS OF THE 1981-Q2 (APRIL 1) SURVEY, THE HORDING OF MANY QUESTIONS HAS ALTERED. THE SURVEY RESULTS SHOWN ABOVE ARE HIGHLY COMPARABLE
TO EARLIER DATA. HOWEVER, BECAUSE THE COLUMN HEADINGS REFLECT THE OLD FORM OF THE QUESTIONS, PERSONS USING OR QUOTING THE LATEST
RESULTS SHOULD OBTAIN THE NEW HORDING BY REQUESTING COPIES OF THE NEW QUESTIONAIR3 AND SURVEY REPORT (AGRICULTURAL CREDIT CONDITIONS
SURVEY, FIRST QUARTER 1981) FROM THE RESEARCH DEPARTMENT, FEDERAL RESERVE BANK, MINNEAPOLIS, MN 55480.




46

SURVEY OF CURRENT AGRICULTURAL CREDIT CONDITIONS, NINTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF *11NNEAPOLIS
TABLE 342.3Q

AVERAGE LOAN/DEPOSIT RATIO, AND PERCENTAGE OF BANKS RSPOPTING OTHER CONDITIONS THAT REFLECT RELATIVE CREDIT AVAILABILITY

DATE OF
SURVEY

1964-Q1...
-Q2...
-Q3-..
-Q4...
1965-Q1...
-Q2...
-Q3...
-Q4...
1966-Q1...
-Q2...
-Q3. ..
-Q4...
1967-Q1...
-Q2...
-Q3...
-Q4...
1968-Q1...
-Q2...
-Q3...
-Q4...
1969-Q1...
-Q2...
-Q3...
-Q4...
1970-Q1...
"Q2. ..
-Q3...
-Q4...
1971-Q1•,.
-Q2...
-Q3...
-Q4...
1972-Q1...
-Q2...
-Q3...
-Q4 . ..
1973-Q1.••
-Q2...
-Q3...
-Q4.,.
1974-Ql.*.
-Q2...
-Q3. ..
-Q4...
1975-Q1...
-Q2...
-Q3...
-Q4-..
1976-Q1...
-Q2...
-Q3...
-Q4...
1977-Q1...
-Q2..w
-Q3...
-Q4. ..
1978-Q1...
"Q2 ...
-Q3...
-Q4...
1979-Q1...
-Q2...
-Q3...
-Q4...
1980-Q1...
-Q2...
-Q3...
-Q4__
1981-Q1...
-Q2...

|EXPECT PROBLEMS! NUMBER OF FARM LOAN REQUESTS REFERRED TO—
|REFUSED OR |
I
|
I LOAN/DEPOSIT RATIO IS— | REDUCED A |ACTIVELY! IN MEETING
BANKS
NONBANK AGENCIES
FARM LOAN |SEEKING | NORMAL FARM | CORRESPONDENT i
AVERAGE
I
| LOAN REQUESTS |
|REQUEST IN | NEW
LOAN/DEPOSIT|
COMPARED
'
W
ITH
PREVIOUS
|
FARM
|
IN
CURRENT
|
RATIO
HIGHER |
I
1 COMPARED WITH
I LOWER
INONE! USUAL NUMBER
DESIRABLE THAN |QUARTER DUE| LOAN |QUARTER DUE TO |NONE) USUAL NUMBER
(PERCENT)
I THAN
I
I______
DESIREDITO SHORTAGE|ACCOUNTS! AVAILABILITY |
|DESIRED
1
OF FUNDS . 1____ILQWBR
OF FUNDS 1
HIGHER 1.___ LLQiBBHIGHER
|
1
I
***
*** ***
♦**
***
#**
***
***
*** |
5.
81.
5.
1 *** ***
I ***
*** 12.
***
*** |
***
13.
75.
71.
15.
76.
6.
6.
1 *** 14.
I ***
***
***
*** |
***
10.
8.
82.
68.
9.
68.
3.
8.
1 *** 23.
I ***
***
***
***
5.
14.
81.
20.
73.
7.
4.
23.
56.
21.
|
70.
3.
1
I
1
I
***
***
***
20.
1.
7.
72.
16.
83.
6.
18.
59.
22.
|
72.
51
I
***
***
6.
66.
28.
83.
7.
65.
15. 1
4.
67.
4.
1 *** 10.
l 20.
***
***
7.
85.
8.
7.
81.
12.
60.
22. |
7.
71.
31 ***
I 18.
***
***
80.
5.
7.
85.
8.
62.
22. |
3.
76.
2.
1 *** 15.
1 16.
1
1
*** 11.
***
79.
10.
7.
83.
70.
13. |
3.
72.
3.
1 *** 10.
1 17.
***
***
90.
6.
84.
10.
5.
5.
6.
| ***
61.
19. |
10.
73.
1 20.
***
***
*** ***
***
***
*** |
***
***
***
***
| ***
***
i *** ***
***
***
87.
4.
7.
9.
13.
|
11.
82.
69.
17. |
13.
56.
1 14.
1
1
***
***
91.
9.
86.
5.
6.
| ***
6.
3.
67.
17. |
11.
61.
1 16.
***
***
3.
14.
64.
9.
83.
8.
86.
11.
60.
20. |
8.
1 ***
1 20.
**♦
***
5.
84.
11.
5.
92.
3.
20. |
63.
26.
62.
7.
!
1 17.
***
***
***
10.
3.
6.
88.
2.
5.
73.
91.
63.
18. |
1I
1 19.
1
***
***
95.
5.
6.
83.
11.
5.
82.
65.
13. |
4.
1 *** 13.
1 22.
***
***
7.
76.
3.
88.
9.
20. |
5.
65.
58.
4.
I *** 17.
1 22.
***
***
4.
7.
5.
7.
89.
27. |
17.
55.
10.
I ***
88.
62.
1 11.
♦**
***
84.
6.
9.
3.
64.
6.
66.
88.
13. |
2I *** 10.
1 23.
1
*** 11.
77.
60.
4.
5.
7. I
79.
83.
6.
52.
1I *** 16.
1 33.
4.
70.
4.
47.
24.
56.
59.
15. |
8.
6.
61.
11.
7.
I 43.
1 26.
4.
64.
20. |
61.
3.
21.
2.
71.
6.
58.
18.
52.
11I 32.
1 16.
4.
10.
64.
45.
6.
53.
28.
59.
15.
59.
23. |
9.
| 37.
3.
1 13.
1
4.
47.
10.
| 37.
55.
3.
23.
2.
64.
18.
11.
62.
20. |
56.
1 18.
24.
1.
38.
18.
| 38.
5.
50.
7.
33. 1
23.
65.
58.
53.
It.
1 15.
47.
47.
1
43.
8.
20.
1.
66.
6T.
5.
48.
32.
2.
12.
32.
19.
|
1
30.
8.
61.
3.
46.
8.
58.
10.
22.
35.
3.
59.
7I 43.
31- 1
1
1
24. |
14.
5.
58.
62.
48.
2.
52.
22.
2.
61.
16.
6.
! 42.
1 13.
24. i
60.
56.
20.
14.
59.
9.
3.
45.
8.
1.
66.
51 44.
1 16.
1.
4.
28.
65.
23. |
9.
57.
52.
1.
62.
9.
61.
1 11.
51 43.
2.
6.
60.
67.
6.
45.
30.
65.
63.
4.
| 47.
3.
3.
16- I
1 17.
1
1
4.
60.
6.
66.
5.
58.
67.
42.
29.
1.
2.
| 49.
2.
1 28.
13- 1
58.
60.
30.
8.
5.
69.
3.
42*
5.
1.
61.
12. t
5*
| 51.
1 28.
71.
1.
43.
34.
1.
60.
13. |
68.
6.
62.
2.
3.
21 50.
1 17.
71.
4.
4U
37.
4.
6. I
2.
72.
2.
58.
2.
59.
31 52.
l 23.
1
1
44.
7.
58.
2.
35*
5.
58.
62.
6. |
2.
75.
2.
2.
1 67.
1 32.
58.
5.
58.
78.
2.
| 47.
3.
44.
7.
36.
5.
58.
7. |
2.
1 36.
58.
61.
5.
71.
7.
34.
2.
49.
2.
61.
3.
4.
1 42.
13. )
t 26.
45.
6*
61.
56.
9.
5.
37.
4.
54.
15. |
5.
62.
81 45.
1 29.
1
1
61.
20.
65.
15. |
6.
69.
5.
1 51.
2.
43.
5.
45.
3.
49.
3.
\
4.
59.
76.
6.
4.
4.
63.
29.
46.
39.
56.
2.
4.
1 44.
11. 1
27. |
60.
18.
46.
20.
| 38.
5.
48.
64.
63.
8.
3.
6.
28.
1 13.
7.
54.
65.
35.
27.
6.
47.
39. |
7.
48.
30.
| 41.
1.
19.
32.
t
1
34. |
69.
56.
27.
30.
6.
46.
24.
1.
24.
8.
51.
14.
| 40.
1 10.
27.
70.
13.
43.
6.
40.
63.
31.
2.
40.
19. f
14.
| 47.
6.
1 11.
74.
6.
11.
44.
54.
21. |
51.
6.
2.
11.
63.
3.
32.
4.
1 47.
1
4.
| 43.
54.
64.
61.
6.
9.
63.
18. |
8.
49.
2.
35.
2.
1 18.
1
1
67.
4.
16. 1
5.
49.
6.
3.
53.
63.
62.
28.
16.
4.
1 42.
1 17.
67.
16. |
7.
63.
3.
54.
5.
26.
60.
63.
1.
13.
31 38.
1 17.
26. |
9.
54.
10:.
| 42.
10.
65.
62.
1.
46.
30.
0.
58.
12.
1 12.
66.
55.
26. |
10.
4.
55.
12.
1 38.
49.
8.
27.
2.
57.
14.
1 19.
1
64.
64.
54.
18. |
10.
3.
50.
6.
1.
27.
6.
| 40.
22.
50.
1 17.
63.
61.
20. |
7.
56.
2.
44.
9.
23.
0.
44.
33.
7.
1 45.
1 20.
12.
58.
49.
23.
0.
28.
55.
29. |
1.
13.
48.
66.
7.
| 37.
1 16.
35. |
0.
54.
8.
1.
53.
11.
58.
68.
22.
52.
25.
81 37.
1 12.
1
1
34. |
10.
67.
51.
61.
4.
51.
7.
19.
0.
50.
31.
7.
1 38.
1 15.
58.
66.
67.
12.
49.
7.
23.
2.
2.
26.
48.
31. 1
9.
1 43.
1 12.
14.
54.
54.
70.
8.
38. |
17.
| 39.
2.
52.
7.
26.
0.
58.
16.
1
6.
48.
46. |
19.
49.
19.
| 37.
71.
2.
50.
10.
15.
21.
2.
63.
1
I
I
47.
|
45.
13.
|
3.
50.
19.
37.
0.
55.
8.
23.
2.
70.
62.
13.
1
3.
51.
46. |
27.
71.
42.
23.
| 28.
2.
59.
12.
20.
64.
14.
2.
1
40.
58. |
34.
2.
32.
17.
26.
| 34.
0.
17.
1.
73.
49.
23.
60.
1
1.
40.
58. |
40.
27.
1.
34.
| 34.
46.
19.
25.
1.
54.
79.
19.
1
1
4.
44.
52. |
27.
32.
26.
| 30.
54.
2.
14.
72.
18.
3.
58.
21.
1
4.
51. |
45.
39.
11.
72.
43.
1 29.
0.
51.
20.
1.
9.
47.
43.
1
8.
71.
61.
32. |
30.
23.
10.
| 34.
3.
52.
10.
17.
0.
50.
32.
1
66.
10. |
56.
68.
12.
7.
4.
50.
25.
61.
2.
1 38.
3.
11.
i 25.
i
1
4.
64.
57.
59.
9.
52.
2.
23.
5. 1
3.
53.
21.
5.
1 37.
1 37.
6. |
54.
3.
75.
64.
9.
65.
3.
18.
5.
50.
26.
4.
I 24.
1 40.
1
1

AS OF THE 1981-Q2 (APRIL 1) SURVEY,, THE WORDING OF MANY QUESTIONS WAS ALTERED. THE SURVEY RESULTS SFP WN ABOVE APE HIGHLY COMPARABLE
TO EARLIER DATA. HOREVER , BECAUSE THE COLUMN HEADINGS REFLECT THE OLE' FORM OF THE QUES'TIONS , PERSONS •JSING OR QUOTING THE LATEST
RESULTS SHOULD OBTAIN THE! NEW WORDING BY REQUESTING COPIES OF THE NEW QUESTIONAIRE AND SURVEY REPORT (AGRICULTURAL CREDIT CONDITIONS
SURVEY, FIRST QUARTER 1981) FROH THE RESEARCH DEPARTMENT, FEDERAL RESERVE BANK, MINNEAPOLIS, MN 55480




47

SURVEY
TA BLE

O F

CURRENT

A G R IC U L T U R A L

CONDITIONS, NINTH FEDERAL RESERVE DISTRICT--FEDERAL RESERVE BARK OF HIRNEAPOLIS

C R E D IT

3 4 2 . 4Q
IN T E R E S T

RA TES

ON

FA RM

|HOST COMMON INTEREST RATES CHARGED ON FARM LOANS)
TREND IN
1
(AVERAGE, PERCENT)
I
DATE OF
1
1
SHORT-TERM
SURVEY
|
NON-REAL-ESTATE LOANS
LONG-TERM
| NON-REAL-ESTATE
1
REAL ESTATE
1______
SHORTINTERMEDIATELOANS
1
| DOWNLITTLE
TERH
___________L_
CHANGE
1 HARD
-ilia-,
1
*****
1964-Q1...|
*****
84.
1
6.
*****
*****
*****
-Q2...I
84.
1
1.
*****
*****
-Q3-- l
*****
86.
1
2.
*****
*****
*****
-Q4...|
92.
1
3.
1
*****
*****
1965-Q1. .. |
*****
87.
1
1*****
*****
-Q2-..1
*****
91.
I
o.
*****
*****
*****
-Q3...I
87.
I
1*****
*****
*****
*• 1
84.
1
1I
*****
*****
*****
1966-Q1. . . |
68.
1
o.
*****
*****
*****
-Q2...I
22.
1
o.
*****
*****
*****
1 ***
•**
-Q3...I
*****
*****
*****
17.
1
o.
"fl^* • • 1
1
*****
*****
1967-Q1...|
26.
1
o.
*****
*****
*****
“Q2...1
58.
1
2.
*****
*****
*****
-Q3...|
77.
1
5.
*****
••••*
75.
-Q0..-1
1
1I
*****
1968-Q1...|
39.
I
o.
*****
*****
*****
-Q2...I
43.
I
o.
*****
*****
*****
-Q3...I
|
-0.
16.
*****
-Q4-- I
54.
1
1.
t
1969-Q1.•.1
7.36
7.40
7.15
55.
1
1.
7.66
-Q2...I
7.62
7.44
12.
1
o.
7.90
8.00
7.83
-Q3...1
8.
1
o.
-Q4... »
8.02
8.07
26.
8.00
1
o.
1
1970-Q1..•|
8.09
8.19
8.15
39.
1
o.
8.38
8.50
8.42
-Q2... (
32.
1
o.
8.38
8.49
8.46
-Q3...I
61.
1
1.
8.56
8.45
8.42
81.
1
1*
1971-Q1...I
♦Q2...|
-Q3-.-J
-04...I

8.37
8.19
8.16
8.16

8.45
8.28
8.27
8.23

8.35
8.06
8.00
8.06

1972-Q1...I

8.09
8.02
8.03
8.02

8.23
8. 13
8.13
8.15

7.96
7.87
7.90
7.9*

-03-..1
-Q9...I

8.06
8.08
8.13
8.55

8.20
6.20
8.26
8.67

7.92
7.95
8.05
8.43

1974-Q1...|
-02...1
-03...1
-09...1

8.56
8.53
8.82
9.04

6.748.65
9.05
9.33

8.45
8.4J
8.70
8.91

1975-01... 1
-Q2..-I
-03... 1
—09.•• 1

9.11
9.03
9.00
8.99

9.35
9.25
9.23
9.27

9.00
8.86
8.86
8.98

1976-Q1...I
-Q2. .. |
-Q3...I
-09...|

9.05
9.09
9.15
9.18

9*-27
9.30
9.45
9.43

9.07
9.08
9.17

1977-Q1...|
-Q2...I
-Q3. . . |
-Q4...I
1
1978-Q1...1
-Q2...I
-Q3...I
-Q9...I
1
1979-Q1...|
-Q2...|
-Q3.-.I
-Q4...I
1
1980-Q1... 1
-Q2... |
-Q3. - . |
-Q4. . . |

9.15
9.21
9.17
9.18

9.43
9.45
9.53
9.52

9.15
9.17
9.21
9.22

9.22
9.20
9.38
9.51

9.47
9.50
9.71
9.81

9.21
9.23
9.47
9.62

10.24
10.39
10.78
11.80

10.67
10. 82
11.21
12.14

10.06
10.24
10.55
12.27

13.63
16.39
15.29
13.96

13.99
16.68
15.48
14.26

12.43
14.08
13.94
13.16

17.59
17.10

17.71
17. 14

15.04
15.45

-Q3.••I
-09.-1
1973-Ql...t

1
198 1— Q1. • • |

-Q2...I
___________ 1____
AS

OF

TO

E A R L IE R

THE

1 9 8 1 -Q 2
DATA.

RESU LTS

SH O U LD

SU RV EY,

F IR S T

(A P R IL

Q U A RTER




1)

H O H EV BR,

O B T A IN

THE

SU RV EY,
BECAU SE

N EH

1 9 8 1 )

THE
THE

H O R D IN G

FRO H

TH E

H O R D IN G
CO LO H N

BY

OF

RESEA RC H

M ANY

H E A D IN G S

R E Q U E S T IN G

DOWNHARD

UP­
WARD

LITTLE
CHANGE

10.
15.
12.
5.

•**
***
«**
*«*

***
**•
***
•*•

****
***•
****
**••

12.

*•*
***
***
•*•

• **
***
***
• ••

****

12.
15.

0000
0000
0000

32.
78.
*•**
83.

**•
•**
*••
• •*

•**
*•*
***
***

0000
0000
0000
0000

74.
40.
18.
24.

•**
***
•**

***
**•
*•*
*•*

0000
0000
0000
0000

61.
57.
84.
45.

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

• *•
***
*••
**•

0000
0000
0 000
0000

44.
88.
92.
74.

• •*
*••
<-**
***

• **

0000
0000
0000
0000

61.
68.
39.
18.

***
***
**•
***

000

0000
0000

9.

***
*•*
•**
•**

***

0000

***
•••
•••
*•*

0000
0000
0000
0000

1
1

30.
26.
is.
4.

70.
74.
83.
89.

0.
2.
8.

••*
*••
•••
C*«

•**
•••

«•
o.
1.
o.

67.
76.
60.
26.

9.
24.
39.
72.

*••

000
000
000

000

o.
1*
o.
o.

58.
81.
41.
37.

42.
16.
59.
63.

000
000
000
000

3.
15.
13*
2.

64.
n.
71.
82.

34.
15.
11.
16.

»00
000
000
000

4.
114.

86.
78.
69.
88.

10.
11.

3-

1

14.

1
1
1
1
!
1
I
1
1
1
1
1
1

12.
5.
12.
o.
o.
o.

1
1
1

|
|
t
1

10.

000
000
000
000

0000
0000
0000
0000

000
000
000
000
000
0 00

0000
0000

**•

0000
0000

***
• **
•»**

000
000
000
000

0000
0000
0000
0000

**•
• •*
***
•**

000
000

***
***

0000
0000
0000
0000

•**
• *•
• ••

80.
82.

6.
6.

88.

7.

87.

12.

76.
55.

22.
45.

32.
20.

68.

• •*
***
• *•

80.

0 00

000

• **
**•
• •*

**•
***
• *•
• •*

0000
0000
0000

97.
84.
88.
98.

o.
0.

22.
0.

78.
100.

0.

23.

89.

4.

* **

***

29.

7.
42.

30.

22.

52.

26.

1-

2.

97.

6.

18.

4.

93.
5.

THE
THE

DERAL

1.

72.
95.

4.

1.
62.

***

33.

13.
10.
10.
9.

0.
3.
1.

88.
86.
85.
94.

12.
11.
12.
5.

0.
0.
***
1.

66.
26.
***
9.

34.
74.
90.

2.
6.
5.
1.

18.
51.
76.
66.

80.
43.
19.
33.

1.
0.
0.
0.

19.
24.
13.
47.

80.
76.
87.
53.

0.
0.
0.
0.

S3.
8.
9.
26.

47.
92.
91.
74.

1.
2.
1.
2.

34.
39.
56.
75.

65.
59.
43.
23.

10.
44.
21.
7.

82.
53.
74.
89.

8.
3.
5.
«.

17.
29.
to.

81.
70.
79.
92.

1.
t.
3.
4.

0.

91.
63.
70.
28.

5.
18.
30.
72.

1.
1.
0.
0.

60.
85.
S3.
41.

39.
U.
47.
59.

1.
11.
8.
1.

74.
81.
85.
•2.

25.
8.
7.
16.

2.
3.
3.

90.
85.
77.
89.

8.
10.
20.
8.

13.
11.
4.
1.

84.
85.
90.
94.

2.

5.

83.
72.
45.
35.

12.
28.
55.
65.

1.
1.

18.
31.
30.
23.

70.
75.

0.
0.

39.
16.
46.
64.

61.
84.
11.
19.

25.
56.

75.

3.

0.
1.

4.

i
i
i
i
i
i
i
i
i

0000

81.
87.
89.
89.

4.

i
i
i
i
i
j
i
i
i
i
i
i

0000
0000

6.
3.
1.
2.

4.

i

0000
0000

16.

3.

1
»
1
1
1
1
•
1
1
•
1
1
1
1
1
1
•
1
•

0000
0000
0000
0000

12.
2.

Q U E S 'T I O N S
F

28.

I
1
1
1
1
1
1
*
1
1
1
1
1
1
1
1
I
1
1
»

0000
0000

000

000

I
4
1
1
1
1
|
1
I
1
1
1
1

0000
0000

o.
0.
0.
o.

1 77.
_1______
R EFLi C T

0.

i
1
1
1

0000

*••
*•*
*•*
•*• .

I
t

F

" upHARD

|
REAL ESTATE
LOANS
1
1.
UP­
1 DOWN­ l i t t l S
| WARD
CHANGE
WARD

LOANS

4.
1.
4.
0.

t
t

D EPA RTM EN T,

LOANS

82.
53.
79.
92.

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
t
«
l

C O P IE S

(PERCENTAGE OF BANKS RSPOPTING)

rm t f p m p .dt a t e — TERM

» 14.
1- 46.
1 17.
»
8.

1

9 . V»

LO AN S

INTEREST RATES

i

0.
0.
0.
0.

0.

43.
17.
0.

41.

000

4.
6.
5.

82.
68.

3.

J ..
HAS
O LD
H EN

A LTERED .
FO RH

OF

THE
THE

Q U E S T IO N A IR E

RESERV E

BANK,

SURVEY

RESU LTS

SH O H N

Q U E S T IO N S ,

PERSO N S

AND

REPO RT

SURVEY

H IN N E A P O L IS ,

HN

ABOVE

U S IN G

OR

ARB

5 5 4 8 0 .

H IG H L Y

Q U O T IN G

(A G R IC U L T U R A L

THE

C P 2 D IT

CO H PARABLE
LA TEST
C O N D IT IO N S

48
SURVEY OF CURRENT AGRICULTURAL CREDIT CONDITIONS, NINTH FEDERAL RESERVE DISTRICT— FEDERAL RESSRY2 BANK OF MINNEAPOLIS
TABLE 342.5Q

wARM REAL ESTATE LENDING EXPERIENCE
PERCENTAGE OF BANKS REPOSTING
DEMAND FOR FARM REAL ESTATE LOANS,
AS COMPARED WITH USUAL CONDITIONS
DATE vP
SURVEY

EXPECTED DURING THE
CURRENT QUARTER

CURRENT
(DATE OF SURVEY)

1964-Q1... |
-Q2...|
-Q>... |
-Q9...|
I
1965-Q1-- I
-Q2...I
-Q3...|
-Q4... 1

* ♦*
12.
15.
27.

***
50.
55.
97.

***
38.
30.
26.

8.
5.
9.
11.

59.
50.
70.
65.

38.
45.
21.
24.

1966-Q1...|
-Q2-- l
-Q3. .. |
-Q4. ..I

8.
5.
***
17.

66.
69.
***
62.

26.
31.
***
21.

1967-Q1-- |
-Q2...I
-Q3...f
-09... |

38.
29.
23.
29.

53.
62.
69.
69.

9.
14.
8.
12.

1968-Q1...|
-Q2...|
-Q3. ... |
-Q4...1
1
1969-Q1...)
-Q2- .. I
-Q3...|
-Q9. .. |

18.
10.
23.
27.

68.
65.
65.
63.

14,
25.
12.
10.

29.
32.
38.
10.

71.
58.
56.
80.

5.
10.
6.
10.

19-70-Q1 • •• |
-Q2...I
-03...|
-QN... i

97.
49.
40.
96.

97.
39.
99.
98.

6.
12.
11.
6.

1971-01-.*!
-Q2...|
-03. .. |

35.
30.
19.
18.

59.
60.
77.
73.

6.
9.
10.
8«-

1972-01-.-I
-Q2...I
-Ql... |
-09... I

12.
8.
12.
10.

81.
78.
76.
80.

6.
14.
12.
10.

1973-Ql...!
-02... |
-Q3...I
-09... |

10.
9.
7.
13.

80.
77.
80.
79.

10.
19.
14.
13.

1974-01*.*1
-02. .. |
-Q9. . . (

?o.
13.
29.
25.

79.
69.
60.
65.

7.
18.
10.
10.

1975-Qt.••|
-02...|
-03...|
-09...|

26.
27.
23.
17.

58.
55.
6«.
73.

16.
18.
14.
10.

1976-01..-!
-Q2...I
-03... |
-Q9...I

22.
10.
18.
15.

67.
71.
66.
70.

11.
19.
15.
15.

1977-Q1...|
-Q2...I
-Q3. - -1
-09...1

16.
19.
19.
15.

65.
55.
56.
62.

19.
31.
25.
23.

1978-Q1...I
-02... |
-Q3...I
-09... |

20.
19.
10.
13.

56.
63.
71.
73.

24.
18.
19.
14.

1979-Q1.•• |
-Q2...I
-03...|
-Q9-- |

19.
15.
15.
20.

69.
82.
76.
72.

12.
3.
9.
7.

1980—Q1...|
-Q2. .. |
-Q3...I
-Q9..-I

41.
50.
66.
55.

55.
36.
29.
39.

3.
14.
5.
6.

1981-Q1...|
-Q2...I

63.
56.

39.
33.

3.
11.

I
I
I
1
1
1
1
1
\

11.
7.
7.
12.

68.
74.
69.
64.

21.
19.
24.
24.

6.
3.
9.
6.

65.
60.
77.
77.

29.
37.
14.
17.

5.
3.
**•
12.

71.
81.
***
73.

24.
16.
*•*
15.

27.
15.
16.
15.

68.
77.
79.
82.

5.
8.
5.
3.

17.
10.
23.
21.

71.
75.
72.
71.

12.
15.
5.
8.

22.
28.
38.
41.

74.
67.
58.
53.

4.
5.
4.
6.

38.
41.
35.
33.

56.
53.
61.
63.

7.
5.
4.
4.

25.
17.
13.
15.

69.
75.
80.
77.

6.
8.
7.
8,

11.
4.
9.
IP.

85.
88.
86.
84.

4.
8.
5.
6.

8.
6—
7.
15.

86.
83.
87.
n.

6.
11.
7.
11.

21.
14.
18.
24.

76.
76.
7767,

3.
10.
510,

25.
20.
IT.
15.

59.
63.
74.
74.

16.
18.
9.
11.

13.
7.
14.
14.

75.
81.
72.
68.

12.
12.
14.
18.

13.
14.
17*
13.

60.
56.
60.
66.

26.
30.
23.
21.

16.
17.
11.
10.

58.
72.
77.
78.

26.
12.
12.
12.

18.
13.
11.
19.

74.
78.
83.
72.

8.
8.
6.
9.

32.
39.
53.
34.

58.
41.
35.
58.

10.
19.
12.
8.

56.
53.

37.
42.

8.
5.

!
1
1
I
1
1
1
1
1
I
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
!
1
1
1
1
1
1
1
I
1
1
1
1
1
1
1
1
t
1
1
I
1
1
1
1
1
1
1
1
1
1
1
1
1
!
1
1
I
1
1
1
1
1
1
1
1
1
1
1
1
1
1

AS OP THE 1981-Q2 (APRIL 1) SURVEY, THE HORDING OF MANY QUESTIONS HAS ALTERED. THE SURVEY RESULTS SHOWN ABOVE ARE HIGHLY COMPARABLE
TO EARLIER DATA. HOHEVER, BECAUSE THE COLUMN HEADINGS REFLECT THE OLD FORM OF THE QUESTIONS, PEPSONS USING OR QUOTING *"*«S LATEST
RESULTS SHOULD OBTAIN THE NEH HORDING BY REQUESTING COPIES OF THE NEH QUESTIONAIFE AND SURVEY REPORT (AGRICULTURAL CREDIT CONDITIONS
SUEVSY, PIRST QUARTER 1981) FPOM THE RESEARCH DEPARTHENT, FEDERAL RESERVE BANK, MINNEAPOLIS, MN 55480.




SURVEY OF CUHBEHT AGRICULTURAL CREDIT CONDITIONS, NINTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF MINNEAPOLIS
TABLE 342.6Q
FARMFRS* EARNINGS AND SPENDING, COMPARED WITH PREVIOUS YEAR
PERCENTAGE OF BANKS REPORTING

I
SURVEY

EARNINGS O F BANKS*

SPENDING BY FARMERS FOR ALL ITEMS

FARM CUSTOMERS

|
I
»
I
1964-Q1...j
-Q2...I
-Q3....I
-Q4...J

CURRENT

54.
6 6 .
76.
6 6 .

16.
16.
23.
2 1 .

30.
18.
1.
13.

45.
58.
63.
65.

42.
38.
33.
25.

13.
4.
4.
10.

***
27.
42.
37.

***
59*
49.
50.

***
14.
8 .
13.

***
32.
44.
50.

***
56.
43.
37.

***
12.
13.
13.

19 6 5 - Q 1 ... 1
" Q 2 . .. 1
-Q3...|
- Q 4 .... |

74.
59.
18.
15.

2 1 .
29.
27.
14.

5.
1 2 .
55.
71.

52.
35.
7.
13.

40.
48.
33.
16.

8 .
17.
60.
71.

44.
50.
24.
11.

46.
40.
52.
50.

10.
10.
24.
39.

47.
44.
13.
13.

43.
46.
56.
40.

10.
10.
31.
47.

1966-Q1...J
-Q2...1
“ Q3...|
-Q9...|

17.
7.
***
7.

16.
16.
***
18.

67.
77.
***
75.

10.
2 .
***
1.

26.
26.
***
23.

64.
72.
***
n6 .

13.
7.
***
3.

47.
59.
***
60,.

40.
34.
***
37.

13.
2 .
***
10.

48.
57.
***
42.

39.
41.
***
48.

1967-Q1. . . |
-Q2...|
- Q3...|
-Q4...|

14.
41.
32.
29.

17.
36.
53.
34.

69.
23.
14.
37.

12.
39.
16.
43.

51.
49.
54.
43.

37.
12.
30.
14.

8 .
.
14.
17.

56.
56.
62.
59.

36.
2 2 .
24.
24.

.
.
.
Id .

64.
58.
61.
65.

28.
23.
27.
2 0 .

1968-Q1... |
-Q2...J
~ Q 3 -- 1
-Q4..-I

55.
46.
28.
29.

29.
41.
53.
39.

16.
13.
19.
32.

41.
26.
26.
26.

54.
64.
55.
46.

5.
.
19.
28.

2 2 .
30.
1 2 .
16.

59.
55.
6 8 .
65.

26.
27.
1 J.
18.

63.
56.
71.
62.

11.
17.
16.
2 0 .

1 9 69-Q1--- |
-Q2»- . •
-Q3...J
-Q4...|

16.
17.
12.
13.

45.
44.
30.
34.

39.
39.
58.
53.

.
.
14.
11.

69.
60.
39.
45.

19.
29.
47.
44.

12.
16.
14.
18.

67.
63.
6 6 .
64.

6 .
.
18.
17.

76.
65.
58.
62.

18.
24.
24.
21.

1970-Q1. . . |
~ Q 2 ---|
-Q3...I
-Q4—
J

8

.
5.
15.
35.

32.
34.
64.
48.

60.
60.
2 1 .
18.

7.
9.
15.
27.

59.
56.
60.
56.

35.
35.
25.
16.

13.
23.
19.
27.

67.
63.
58.
64.

2 0

.
15.
23.
9.

1o.
18.
17.
28.

64.
6 6 .
6 6 .
61.

19.
15.
18.
11.

1971-Q1...|
-Q2...I
- Q 3 ---|
-Q4-...I

52.
33.
15.
13.

33.
55.
70.
50.

15.
13.
15.
38.

51.
24.
4.
16.

42.
.
62.
45.

8 .
10.
33.
39.

36.
28.
11.
10.

54.
58.
65.
70.

10.
14.
24.
19.

42.
23.
7.
9.

51.
58.
70.
67.

8 .
19.
23.
23.

1972-Q1 ___ |
-Q2...I
-Q3...I
-Q4...|

17.
9.
4.
1.

39.
42.
41.
21.

45.
50.
54.
79.

9.
5.
4.
1.

61.
63.
49.
24.

30.
32.
47.
75.

10

.
.
.
4.

69.
75.
74.
69-

.
19.
18.
27.

12

.
.
.
1.

72.
74.
75.
60.

16.
18.
19.
38.

.
.
.
2 .

2 1

.
16.
26.
5.

79.
83.
72.
93.

.
.

47.
61.
53.
69.

.
.
.
“.

53.
43.
48.
23.

45.
58.
51.
76.

LOHER

(DATE O F SURVEY)
SA M E

HIGHER

EXPECTED
...

LOHER

IN CURREN T QUARTER
...SAME

_HIGHER

10

CURRENT
LOHER

2 2

(DATE OF SURVEY)
SAME

HIGHER

19.
15.
.
19.

2 0

EXPECTED IN C U RRENT QUARTER
LONER

8

10
12

SAME

HIGHER

1
12
11

6 6

6

8

.
.
.
18.

2 1

2 1

2 0

2 2

11

8
6

1

.
.
.
3.

8 6 .
94.
79.
97.

.

52.
39.
46.
31.

.
11.
59.
62.

7.
19.
2 1 .
2 0 .

93.
70.
2 0 .
17.

3.
25.
6 6 .
6 8 .

18.
36.
24.
19.

78.
39.
1 0 .
13.

.
2 .
11.
27.

24.
31.
38.
42.

6 6

74.
.
51.
31.

4.
19.
38.

33.
26.
36.
31.

64.
69.
45.
31.

1975-Q1. . . |
-Q2...I
-Q3...I
-Q4...|

67.
81.
56.
19.

24.
16.
34.
52.

9.
3.
.
29.

70.
78.
52.
20.

2 1 .
19.
33.
50.

.
3.
15.
30.

42.
55.
31.
2 0 .

35.
28.
37.
57.

23.
17.
31.
23.

50.
52.
29.
18.

28.
26.
40.
56.

2 2

1976-Q1...|
-Q2...I
-Q3...1
-Q4...|

47.
41.
51.
80.

34.
48.
37.
13.

19.
.
12.
7.

43.
31.
55.
79.

38.
60.
31.
15.

19.
.
14.
7.

25.
25.
41.
51.

60.
59.
43.
37.

15.
16.
15.
12.

29.
24.
48.
63.

58.
59.
39.
29.

13.
17.
12.
8 .

19 7 7 - Q 1 ... |
-Q2... |
-Q3...I
“ Q4...I
I
1978-Q1.. . |
- Q 2 -- |
-Q3. .. |
-Q4...I
I
19 7 9 - Q 1 . . . |
-Q2. .. |
-Q3... |
-Q4...I

8 6 .
78.
67.
56.

11.
.
27.
26.

3.
1.
5.
18.

78.
61.
54.
48.

17.
35.
24.
28.

.
4.
.
24.

73.
6 8 .
45.
46.

2 0 .
27.
41.
40.

7.
5.
14.
15.

75.
63.
44.
50.

16.
31.
44.
35.

10

46.
36.
5.
6 .

28.
28.
25.
26.

26.
36.
70.
6 8 .

41.
21.
4.
8 .

36.
38.
2 2 .
25.

23.
40.
75.
67.

51.
36.
2 .
7.

39.
48.
56.
55.

10.
16.
42.
38.

55.
31.
2 .
7.

32.
48.
53.
50.

13.
21.
45.
42.

3.
3.
.
17.

14.
19.
26.
40.

83.
78.
69.
43.

1.
3.
.
19.

29.
31.
34.
40.

71.
.
60.
42.

6

.
o.
5.
12.

50.
46.
43.
47.

45.
45.
52.
41.

5.
5.
5.
15.

52.
47.
41.
40.

43.
48.
54.
45.

31.
56.
85.
42.

36.
34.
13.
34.

33.
9.
2 .
24.

31.
6 6 .
84.
39.

42.
30.
13.
28.

27.
4.
3.
33.

26.
57.
.
54.

45.
20.
2 2 .
30.

29.
23.
9.
16.

30.
51.
69.
46.

40.
18.
22.
34.

31.
30.
9.
2 1 .

47.
63.

2 1

.
30.

32.
7.

40.
57.

24.
37.

36.
6 .

60.
57.

29.
32.

1 1

.
.

64.
44.

26.
41.

10.
15.

1973-Q1.. . |
-Q2... |
-Q3....I
-Q4... |

2

1974-Q1. ..|
” Q2. . . |
- Q 3 ---I
- Q4 —
I

1
1
0

.
.
.
.

1

6

12
6

20

2 0

10

11

0

1

2

6

10

10

6

2 2

6 6

1
0

1.
0
2

2
0

1

3

m

.
.
31.
26.
2 2

.
7.
13.
15.

1

1980-Q1...|
-Q2...|
-Q3...I
-Q4...|
I
1981-Q1...J
-Q2...I
-.i..

6 8

11

...

AS OF T EE 1981-Q2 (APRIL 1) SURVEY, THE HORDING OF MANY Q U ESTIONS HAS ALTERED.
THE SURVEY R E SULTS SHOHN ABOVE ARE H I GHLY C O M P ARABLE
T O EARLIER DATA.
HOI EVER, B E C A U S E T HE C O L U M N HEADINGS R E FLECT T HE O LD FORM OF THE QUESTIONS, PERSONS USING OR QUOTING THE LATEST
RESULTS SH O U L D OB T A I N THE NEH HORDING BY REQUESTING C O PIES OF T HE NEH QUES T I O N A I R E AND SURVEY REPORT (AGRICULTURAL CR E D I T C ONDITIONS
SURVEY, F IRST Q U ARTER 1981) FROM THE RESEA R C H DEPARTMENT, P E DEFAL RESERVE BANK, MINNEAPOLIS, HN
55480.




50

QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, TENTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF KANSAS CITY
TABLE 343.IQ
CURRENT FARH NON-REAL-ESTATE LENDING EXPERIENCE, COMPARED BITH A YEAR EARLIER
PERCENTAGE OF BANKS REPORTING

LO BER

SAM E

19 7 6 - Q 1 - ..
-Q2-. -Q3...
-Q4..,.

134.
6.
6 .

34.
40.
35.
21.

53.
55.
60.
72.

1977— Q1...
-Q2...
-Q3- ..
-Q4...

5.
3.
6 .
5-

26.
29.
28.
33.

70.
67.
6 6 .
62.

19 7 8 - Q 1 ...
- Q 2 . ..
-Q3...
— Q 4 . ..

13.
11.
13.
10.

44.
46.
46.
38.

44.
43.
41.
52.

1979-Q1...
-Q2- ..
-Q3...
-Q4. . .

17.
13.
.
1 0 .

41.
39.
34.
45.

41.
48.
56.
45.

11

LOBER

H IG H E R

1 9 8 0 - Q 1 ...
-Q2. • .
-Q3..-Q4...

16.
38.
39.
35.

41.
32.
42.
47.

43.
29.
19.
19.

1981-Q1...
-Q2...

36.
33.

47.
41.

18.
26.

I
I

1
1

1
1
1
1
1
1
»

1
1
1
1
1
1
1

49.
51.
50.
44.

37.
30.
33.
17.

35.
38.
41.
37.

43.
49.
45.
49.

22

19.
17.
20.
26.

54.
54.
46.
48.

27.
29.
34.
26.

.
.
27.
32.

49.
49.
40.
45.

30.
28.
33.
23.

29421 2 .
11.

48.
42.
5649.

23.
16.
32.
40.

.
9.

50.
49-

42.
42.

2 1

1
1
1
1
1
1
1

8

(

LONER

HIGHER

14.
19.
17.
39.

2 2

(

SAME

.
13.
14.
15.

SAME

34.
31.
26.
56.

51.
60.
67.
43.

15.
9.
7.
1.

.
64.
67.
63.

30.
3029.
32.

.
54.
5.

1
1
1
1
1
1

52.
34.
27.
16-

35.
49.
52.
59.

13.
18.
21.
24.

(

10

.
.
.
16-

53.
63.
70.
6 8 .

34.
27.
2 2 .
16.

23.
41.
3227.

62.
46.
59.
59.

15.
13.
9.
13.

3239.

56.
52-

12

1
1
1
1
(

1
1
1
1
1

6 8

LOB E R

HIGHER

I
I
I
I
I
i
I
I
I
I

2

SAME

8

.
4.
5.

57.
54.
64.
42.

3138.
31.
54.

1

1.

3.
.
3.

33.
32.
28.
32.

.
66.
6965.

.
8.
1518.

38.
54.
57.
65.

52.
37.
28.
18.

27.
.
17.
14.

58.
64.
71.
6 8 .

15.
15.
18.

15.
6.
7.
13.

55.
51.
57.
58.

30.
42.
36.
30.

.
7.

57.
53.

3339.

t

12

1
1
1
1
1

8

(
I

SAME

.

HIGHER

68

.
74.
71.
64.

30.
25.
27.
36.

.

59.
5758.
59.

40.
43.
41.
41.

.
.
.
1.

64.
68.
68.
68.

34.
32.
30.
31.

1.

74.
66.
70.
62.

25.
33.
29.
37.

61.
42.
56.
64.

38.
58.
44.
36.

62.
64.

37.
36.

2

1

1.

1

2

»

0

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

1.

.
.

1
1

2

1

10

1

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

.
8.

L OBER

HIGHER

6 6

1

12

C O L L A T E R A L R E QUIRED

R ENEBALS OR EXTENSIONS

LOAN R E P A YMENT RATE

FUND AVAILA B I L I T Y

D E M A N D FOR LOANS
DATE OF
SURVEY

21

10

12

(

1.
1.
0

1
0
2

1.

.
1.
1

1.

1

0.

(

1.

1
1
1
1

0.
1

.

1-

QUAR T E R L Y SURVEY OF AGR I C U L T U R A L CREDIT CONDITIONS, TEN T H FEDE R A L R E SERVE D I S T R I C T — FEDE R A L RESERVE BANK OF KA N S A S CITY
TABLE 3 4 3 . 2Q
AV E R A G E L O A N / D E P O S I T RATIO, AND P E R C E N T A G E OF BAN K S R EPORTING O T HER C O N D I T I O N S T HAT R E FLECT RELAT I V E C R E D I T A V A I L A B I L I T Y
NUMBER O F FARM LO A N R E QUESTS REF E R R E D TO—
REFUSED OR |
J
L O A N / D E P O S I T RAT I O IS—
R E D U C E D A (ACTIVELY
NONBANK A GENCIES
C O R R E S P O N D E N T BANKS
FARH LOAN (SEEKING
AVERAGE
LOBER
R E Q U E S T IN | NEB
DATE OF
LOAN/DEPOSIT
HIGHER
| COM P A R E D HITH
C O M P A R E D BITH
RATIO
THAN
P REVIOUS
| FARH
SURVEY
THAN
AT
USUAL HUMBER
NONE|
USUAL HUMBER
NOHEJ
D E SIRED
DBSIRED
DESIRED QUA R T E R DUE|
LOAN
(PER CENT)
LEVEL
1LOBER SAME HIGHER
(
1L O B E R SAME HIGHER!
1
1 O F FUNDS
1
I
| 51.
19.
4163.
56.
1
51.
1237.
|
5819.
62.
12.
26.
1 9 7 6 - Q 1 . .. |
1314.
10.
70.
-Q2...|
57.
12.
34.
|
SI.
| 48.
13.
69.
18.
45.
20.
1 54.
! 47.
65.
44.
-Q3... |
59.
| 49.
12.
39.
|
11.
51.
19.
1613.
69.
19| 40.
10.
2 0 .
6946.
66.
25.
-Q4...I
62.
35.
| 52.
9.
219.
51.
I
1

31.
36.
28.
31.

2 1

.
.
.
17.

48.
52.
59.
52.

62.
62.
63.
64-

1
(
I
|
I
1
1
|
|

40.
39.
43.
42.

16.
15.
14.
15.

44.
46.
43.
43.

|
(
|
|
I
1
|
|
1

1979-Q1• . . |
- Q 2 .--I
-Q3...I
-Q4..-I

62.
63.
64.
64.

(
|
|
|

38.
42.
42.
35.

18.
11.
14.
9.

4347.
44.
56.

|
|
(
(

1980-Q1-..|
-Q2...I
-Q3...I
-Q4...J

63.
64.
63.
60.

1

38.
29.
41.
52.

.

.
14-

51.
6038.
34-

1981 - Q 1 ... 1
-Q2. — I

59.
60.

|
|

15.
9-

32.
33.

I
|
|
]
i
|
J

19 7 7 - Q 1 ... |
-Q2.. • |
- Q3- .- |
-Q4.-.I

61.
62.
65.
65.

1 9 7 8 - Q 1 - ..(
-Q2. . . |
-03...(
-Q4..-I

12
12

64.
63.
6458.

29.
27.
2832.

393736.
32.

5.
6.
5.
5.

61.
57.
58.
50.

34.
37.
37.
45.

19.

65.
73.
66.
66-

23.
17.
15.
16-

36.
34.
37.
36.

7.
13.
1413.

44.
49.
58.
57-

49.
38.
29.
29.

4040.
40.
44.

18.
16.
1413.

6 8 .
62.
6561.

14.
.
26.

33.
31.
31.
35-

13.
13.
13.
12.

5350.
56.
54.

3437.
3134-

43.
4448.
47.

17.
16.
19.
23.

59.
62.
70.
65.

25.
.
11.
13.

35.
24.
35.
42.

13.
5.
.
14.

57.
515962.

30.
44.
2924.

| 51.
| 46.

18.
16.

74.
67.

816-

3737.

1712-

58.
62.

26.
26.

23.
2 2 .
26.
26.

37.
30.
31.
26.

|
(
|
|

3940.
37.
41.

.
15.
13.
18-

31.
39.
3534-

|
|
I
|

43.
36.
39.
40-

14.
18.
18.
21.

37.
35.
37.
34.

|
|
|
|

.
32.
18.
8.

32.
1727.
44-

|
|
|
|

1 0 .-

4339.

21

710.
810

.

12

.

10.
20

1
2 2

21

1

I
1
I

11

1121

1




54.
58.

22

7.

22

12

51

QUARTERLY SURVEY OF AGRICOLTORAL CREDIT CONDITIONS,
TABLE 343.3Q

TENTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF KANSAS CITY

HOST COMUON I N T E R E S T R ATES C H A R G E D ON FARM LOANS
(AVERAGE, PER CENT)
OTHER
OPERATING
LOA N S

1

DATE OF
|
SORVET
|
____________ 1__

FEEDER CATT L E
LOAMS

INTERMED I A T E - T E R M
(1 TO 7 YEARS)
LOANS

LO N G - T E R M
R EAL ESTATE
LOANS

1

1976-Q1...|
- Q 2 ...|
-Q3...I
-Q4--.I

8.77
8.81
8.78
8.82

8.92
8.91
8.89
8.93

9.15
9.21
9.16
9.22

9.10
9.17
9. 19
9.22

19 7 7 - Q 1 . . . |
- Q 2 ... |
-Q3---I
-Q4..-1

8.84
8.84
8.84
8.87

8-95
8-96
8.98
8.98

9.23
9.33
9.34
9.32

9.23
9.25
9.25
9.22

1978-Q1...|
-Q2 --- 1
-Q3..-I
-Q4...I

8.90
8.94
9.07
9-27

9.03
9.06
9.22
9.40

9.35
9.38
9.54
9.80

9.23
9.29
9.46
9.64

9.88
10-45
11.52

9.95
10.28
11.09
11.59

10.24
10.62
10.80
11.81

10.03
10.30
10.51
11.31

1980-Q1...|
- Q 2 ---|
-Q3...I
-Q4..-I

12.99
16.53
14.04
13.96

13.06
16.55
14.12
14.06

13.11
16.86
14.18
14.24

12.37
15.88
13.03
13.98

1981-Q1...(
-Q2..-I
____________ I__

16-95
16.28

17.06
16.33

16.61
16.44

15.95
15.68

1979-QU-. 1
- Q 2 ...I
-Q3.-.I
-Q4...|

1 0 .2 0

QOAR T E B L I SO R V B Y OF AGR I C O L T O R A L C R E D I T C O NDITIONS,
TAB L E 3 4 3 . 4Q

TENTH FEDERAL RESERVE D I S T R I C T — FEDERAL R E S E R V E BANK OF KANSAS CITI
FARM B EAL E S TATE VALOES
MARKET VALOE OF GO O D FARML A N D

OF
SORVEY

date

P E R C E N T A G E C H ANGE FROM PR E V I O U S QOARTBR | PER C E N T A G E C H A N G E FR O M PREVIOUS

D O LLARS PER ACRE

|
|

1 NONIBBIGATED
1
CROPLAND
1

IRRI G A T E D
CROPLAND

RANCHLAHD

N O N I BBIGATED
CRO P L A N D

I R R I GATED
CROPLAND

RAHCHLAND

4444
7.4
3-5
8.4

4444
8.4
-0.3
2.5

4444
4444
4444
4444

4444
4444
4444
4444

-1.5
0.4
0.3
-2-3

4.2
-0.4
-2 .6

|
|
I
|

1 0 .6

7.3
-1-9

18.7
10.9
7.6
-3.0

11-5
7.1
7.0
1-7

I
]
I
|

3.0
5.4
14.2

0.4
-1.0
2.3
10.9

-0 .6
3-4
11.9

|
I
|
I

16.2
23*0
23.8
21.9
20-1

-0 . 1
-1.2
5.3

I
|
I
I

4.6
3.1

|
I

9.0
10.5

823.
884.
914.
991.

234.
254.
253.
259.

4444
4*6

519.
530.
533.
516.

977.
980.
984.
961.

261.
272.
271.
264.

-1.7

1978-Q1. — I
-Q2...|
-Q3..-I
-Q4...I

530.
S46.
561.
591-

980*
970.
1007.
1066.

264.
270.
280.
295.

2.3
3.1
5.3

-1 .0
3.7
5.9

1979 - Q 1 . . . |
-Q2.--I
-Q3...I
-Q4...|
J
1980-Q1...|
-Q2...I
-Q3..-I
-Q4..-I

615.
672.
695.
721-

1114.
1181.
1316.
1296.

297.
334*
335.
348.

4. 1
9-2
3.4
3.8

11.5
-1.5

0 .2

739.
738.
722.
778.

1273.
12631254.
1304.

357.
357.
353.
371.

2.5
-0- 1
-2 . 2
7.8

-1.8
-0.9
-0.7
4.0

2 .6

1981-Q1.. . |
-Q2..-I

806.
816.

1334.
1366.

388.
400.

3.5
1.3

2.3
2.4

_____________ L




2 ,2

0.5
-2 * 8

2 .8

2 .0

4.5
6 .0

0 .6

0 .0

2.4
3-6
5.4
0 .8

12-5
3-9

8 .1

2 .1

9.9
3.9
7.9

13.7
21.7
30.8
2 1 .6

14-3
6-9
-4-7
0 .6

4.8
8-2

YEAR

RANCHLAHD

4444
*4*4
4444
4444

469.
491.
497.
528.

1 .2

IR R I G A T E D
CROPLAND

|
]
|
j

1976-Q1.. . |
-Q2...I
-Q3...I
-Q4...I
I
1977— Q 1 . . . |
-Q 2 ...I
-Q3-.-I
-Q4..-I

6 .2

| NONIBB I G A T E D
i
CROPLAND

1.2

1 2 .6

23.7
19-8
18. 1
2 0 .2
6 .8

5.2
6 .6
8 -6
12

-1

52

QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS,
TABLE 344.IQ

ELEVENTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF DALLAS

CURRENT FARM NON-REAL-ESTATE LENDING EXPERIENCE, COMPARED WITH USUAL CONDITIONS
PERCENTAGE OF BANKS REPORTING
FUND AVAILA B I L I T Y

DEMAND FOR LOANS

DATE OF
SURVEY

E XTENSIONS
I RENEWALS o r :

LOAN REPA Y M E N T RATE

C O L L A T E R A L REQUI R E D

1

LONER

SAME

HIGHER

LONER

SAME

HIGHER

LONER

SAME

HIGHER

1

LONER

SAME

HIGHER

LONER

SAME

HIGHER

I
1

1975-Q3...
-Q4...

2 0
2 1

.
.

50.
58.

30.
21-

12
11

.
.

5059.

37.
25.

38.
30.

57.
64.

6
12

.
.

6.
15.

48.
50.

47.
35.

.
7.
6.
5-

5566.
74.
69.

34.
27.
20.
26.

1

8.

1

5.
4.
4.

5959.
65.
52.

33.
35.
31.
44.

4.
4.
7.
10.

44.
55.
62.
60.

52.
41.
31.
30.

14.
14.
13.
2 1 .

57.
60.
.
64.

29.
27.
2 0 .
15.

.
13.
8.
7.

60.
60.
63.
56.

2 1

7.
3.

48.
54.

45.
43.

1
1

54.
61.

46.
38.

63.
.
71.
68.

37.
32.
28.
32.

.
1.

74.
70.
62.
6 8 .

25.
30.
38.
32.

.
.
.
1.

62.
59.
63.
59.

38.
40.
37.
41.

1.

64.
56.
63.
58.

35.
43.
37.
42.

63.
36.
62.
62.

36.
62.
37.
37.

59.
59.

40.
40.

0

.

1.

1

1976-Q1...
- Q2-- .
-Q3...
-Q4.

16.
17.
6 .
7-

53.
5554.
46-

31.
28.
40.
47.

7.
7.
7.
14.

58.
58.
.
62.

36.
36.
25.
24.

28.
.
1528.

65.
73.
78.
69-

7.
6.
7.
4.

19 7 7 - Q 1 ...
-Q2...
-Q3...
-Q4...

14.
7.
5.
3.

SI.
53.
43.
42.

3540.
52.
55.

151 2 .
15.
19.

51.
54.
63.
63.

34.
34.
22.
18.

2826.
31.
38.

.
67.
6 6 .
59.

5.
7.
3.
3.

1978-Q1...
“ Q2- -.
-Q3...
-Q4...

.
6 .
4.
6 .

45.
52.
47.
46.

47.
42.
48.
48.

.
17.
28.
38.

65.
65.
57.
48.

15.
17.
14.
14.

49.
36.
25.
29.

49.
61.
72.
61.

3.
4.
4.
9.

1 9 7 9 - Q 1 ...
- Q 2 - ..
-Q3--.
-Q4- . .

.
1 1 .
12.
14.

43.
46.
54.
52.

49.
43.
34.
34.

40.
38.
37.
35.

46.
50.
51.
50.

13.
1211.
15.

28.
19.
18.
14.

61.
69.
6 6 .
6 6 .

.
12.
16.
20.

19 8 Q - Q 1 ...
- Q 2 - ..
-Q3- . -Q4. . .

23.
46.
38.
23.

52.
39.
46.
55.

25.
14.
16.
22.

.
35.
16.
1 1 .

63.
53.
58.
57.

17.
13.
26.
33.

16.
28.
27.
39.

68

.
64.
69.
56.

16.
94.
5.

1981-Q1...
- Q 2 ---

39.
40.

45.
46.

16.
14.

14.
9-

57.
55.

29.
35.

45.
40.

51.
57.

4.
3.

6 8

21

11

1
1
1
1

1.
0

.

6 8

1.

0.

1
66

1
1

1.
0.
1

1
8

20

1
1
1
1

0

1

0

1
8

11

1
1
1
1

6 6

1.

.
0 .

0

1
2 0

20

1
1
1
1

.
28.
29.
37.

1.
2

.

1.
1.

1
1
1

1.
1

.

_L

Q U A R T E R L Y SURVEY OF A G R I C U L T U R A L CR E D I T C ONDITIONS, ELEVE N T H FEDERAL R E SERVE DISTR I C T — FEDERAL RESERVE BANK O F DALLAS
T A B L E 3 4 4 . 2Q
FARM N O N - R E A L - E S T A T E L OAN VO L U M E EX P E C T E D DURING TH E CUR R E N T QUARTER, C O M P A R E D BITH V O LUME OF L OANS MADE A YEAR EARLIER
P E R C E N T A G E O F B A N K S R E P O RTING

D ATE OF
SURVEY

1 9 7 5 - Q 3 . ..
-Q4...

FEEDER C A TTLE

DAIRY

LONER S A M E HIGHER

LONER S AME HIGHER

26.
23.

41.
55.

33.
23.

1
1

54.
38.

30.
42.

16.
.

2 0

1

1976-Q1...
-Q2 . . .
-Q3...
— Q 4 . ..

13.
.
7.
14.

51.
52.
51.
44.

36.
37.
41.
42.

1977-Q1...
- Q 2 . ..
-Q3...
— Q4-. •

.
76 .
1 1 .

50.
47.
50.
46.

39.
46.
44.
43.

1978-Q1...
-Q2...
-Q3- .— Q 4 . ..

9.
11.
6 .
14.

44.
47.
50.
43.

47.
42.
44.
43.

1 9 7 9 - Q 1 ...
-Q2...
-Q3. . - Q 4 . •.

15.
18.
23.
2 0 .

45.
48.
52.
53.

40.
34.
25.
27.

1980-01...
-Q2. . .
-Q3...
— Q 4 . .•

24.
53.
29.
19.

50.
36.
51.
56.

26.
11.
20.
25.

1981-Q1. ..
-Q2. . .

31.
27.

48.
52.

.
22.

1 1

1
1
1
1

28.
30.
27.
41.

45.
55.
55.
46.

27.
15.
17.
13.

27.
24.
23.
18-

57.
62.
59.
59.

15.
14.
18.
23.

13.
18.
11.
16.

60.
46.
56.
45.

27.
36.
32.
39.

18.
2229.
19.

47.
51.
55.
60.

35.
27.
16.
2 1 .

33.
67.
35.
31.

51.
33.
56.
58.

16.
1.
9.
11.

43.
38.

49.
58.

.
4.

1
11

1

»
i
1

1
1
1

1
1
1

i
1
1




1
1

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

71.
76.
72.
75.

8

.
.
8.
8 .

1

6

1

14.
12.
15.
18.

81.
82.
73.
75.

5.
713.
7...

1

1
1
1

15.
16.

55.
62.

30.
2 2 .

15.
14.
1518.

77.
72.
7273-

.
14.
14.
9.

.
19.
17.
16.

78.
73.
71.
72.

.
8.
12.
12.

.
46.
24.
19.

.
47.
67.
67.

11-

1

28.
19-

63.
70.

1
1

1
1
1
1
1
1

57.
75.
5958.

26.
15.
26.
29.

9.
12.
11.
15.

61.
67.
56.
54.

30.
2 2 .
33.
31.

10

1
1
1
1

.
11.
13.
12.

57.
61.
57.
60.

33.
28.
30.
28.

16.
11.
21.
13-

61.
77.
70.
6 6 .

.
13.
9.
2 1 .

.
41.
2 2 .
2 1 .

65.
52.
67.
63.

13.
7.
1115.

1

27.
27.

59.
65.

14.
7.

1

10

1

2 1

1
21

6 8

7.

1

10.

1

14.

1

.
11.

1
1

36.
49.

52.
36.

l
J
1
1
1
1
1

l
l
l
l
l
1

l
l
1
1
1

l
l
1

29.
15.

42.
50.

30.
36.

1

10

.
16.
14.
16.

57.
50.
52.
49.

33,
34.
35,
36.

15.
14.
15.
30.

50.
48.
47.
43-

35.
38.
38.
27.

31.
28.
23.
20.

45.
48.
47.
51.

24.
24.
30.
29.

22

.
18.
14.
19.

51.
48.
54.
45.

27,
33,
33.
36.

22

.
52.
34.
27.

44.
35.
53.
56.

34.
13.
14.
18.

41.
35.

42.
47.

17
18

7.
7.
7.
10.

43.
46.
45.
43.

50.
47.
48.
47.

.
5.
3.
11.

44.
38.
40.
42.

48.
57.
56.
47.

.
10.
5.
11.

44.
36.
44.
46.

49.
54.
51.
43.

1

.
14.
19.
11.

40.
41.
44.
51.

50.
45.
36.
39.

«

.
34.
13.
11.

39.
40.
5247.

40.
26.
34.
42.

.
17.

45.
43.

34.
41.

1
1

J
1

8

1
1
1
1
1

6

1
1
1
1

10

1
1
1
1

21

1
1

I
I
1
1

1
2 2

1
10

13.
15.

l

1
12

a

17.
.
14.
13.

11

1
8

I
1

1

1

1
8

1
1

MACH I N E R Y

LONER SAME HIGHEB

L O N E R SAME HIGHBR

LONER SAME HIGH E R

1

.
18.
21.
17.

21

1

1
21

.
5-

6

1

1
1

59.
64.

1

1
1

34.
31.

1

1
1

I
I
I
I
I
I
I

FARM

OPER A T I N G

C R O P STOR A G E

T OTAL
L O N E R SA M E HIGHER

1
1
1
1
1

2 1

1
1

53
QUARTERLY SURVEY OP AGRICULTURAL CREDIT CONDITIONS, ELEVENTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF DALLAS
TABLE 344.3Q

AVERAGE LOAN/DEPOSIT RATIO, AND PERCENTAGE OF BANKS REPORTING OTHER CONDITIONS THAT REFLECT RELATIVE CREDIT AVAILABILITY
REFUSED OR |
REDUCED A |ACTIVELY
FARM LOAN |SEEKING
REQUEST IN i NEN
HIGHER
PREVIOUS 1 FARM
THAN
QUARTER DUE| LOAN
DESIRED TO SHORTAGE!ACCOUNTS
_OF_FUNDS__J______

NUMBER OF FARM LOAN REQUESTS REFERRED TO—

LOAN/DEPOSIT RATIO IS—
DATE OF
SURVEY

AVERAGE
LOAN/DEPOSIT
RATIO
(PERCENT)

LONER
THAN
DESIRED

ABOUT
RIGHT

CORRESPONDENT BANKS,
COMPARED HITH
USUAL NUMBER
LONER

SAME

HIGHER

NONBANK AGENCIES,
COMPARED NITH
USUAL NUMBER
LONER

SAME

HIGHER

1975-Q3--.1
-Q4-- |

58.
55-

I
I

25.
29.

55.
55.

20.
16.

|
J

11.
12.

40.
44.

27.
28.

61.
60-

13.
12-

17.
14.

59.
65-

2220.

1976-Q1...|
-Q2..-I
“ Q3-.- 1
-Q4__ |

54.
55.
58.
60.

46.
48.
56.
50.

17.
15.
19.
26.

|
1
|
|

8.
7.
7.
13.

49SI.
50.
45.

2220.
16.
19.

666972.
63.

13.
11.
11.
18.

19.
16.
13.
17.

637180.
74.

18.
13.
79.

1977-Q1...|
-Q2...I
-Q3-- I
-Q4...I

57.
58.
62.
63.

59.
5353.
52.

16.
17.
26.
28.

i
|
|
|

1010.
15.
9-

50.
4944.
39.

16.
18.
1712-

70.
72.
66.
68.

14.
IQ17.
20.

12.
13.
14.
7.

7365.
65.
64-

15.
22.
21.
29-

1978-Q1-- |
-Q2...I
-Q3-..I
-Q4.-.I

60.
59.
62.
63.

I 37.
1 37.
1 26.
| 24.
1
I 25.
| 31.
| 22.
1 21.
I
I 21| 25.
| 21.
I 15.

56.
51.
47.
54.

23.
24.
31.
31.

|
|
|
|

915.
14.
22.

36.
36.
32.
32.

10.
10.
78-

74.
73.
7368.

1517.
20.
24-

88.
8.
5-

61.
64.
63.
60.

3128.
29.
35.

1979-Q1...|
-Q2...I
-Q3-- i
-Q4__ |

60.
60.
62.
63.

22.
20.
19.
15.

52.
55.
55.
61.

26.
25.
26.
24.

|
i
|
|

2322.
24.
18.

2830.
33.
35.

15.
9.
14.
13.

69.
75.
69.
71.

17.
16.
1716.

6.
7.
713.

5563.
6767.

38.
302620-

1980-Q1..-|
-Q2.--I
-Q3--.I
-Q4__ J

59.
58.
60.
59.

23.
17.
30.
30.

63.
63.
57.
55.

14.
19.
1315-

|
|
1
|

14.
21.
18.
9.

37.
20.
36.
41.

18.
2014.
14-

74.
69.
78.
78.

8.
128.
8-

149911.

63.
5868.
68-

2333.
23.
21.

1981-Q1-..|
-Q2...I

57.
56.

|
|
1
1
I
|
i
|
I
I
I
|

31.
38-

54.
49.

15.
12.

|
|

7.
6.

39.
44-

14.
12.

7679.

109.

8.
7.

6566-

2727.

QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, ELEVENTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF DALLAS
TABLE 344.4Q
MOST COMMON INTEREST RATES CHARGED ON FARM LOANS
(AVERAGE, PERCENT)
I
|
|
1
1
1975-Q3..-I
-Q4... |

DATE OF
SURVEY

FEEDER CATTLE
LOANS

OTHER
OPERATING
LOANS

INTERMEDIATE-TERM
(1 TO 7 YEARS)
LOANS

LONG-TERM
REAL ESTATE
LOANS

9.47
9.60

9-39
9-41

9.36
9.44

9.26
9.32

1976-Q1...I
-Q2..-I
-Q3. .. |
-Q4-.-I

9-46
9.34
9.33
9- 33

9.42
9-33
9.29
9-31

9.42
9.40
9.40
9-41

9.36
9.35
9-36
9-35

1977-Q1..-|
-Q2..-I
- Q3- .- |
-Q4...I

9.27
9.30
9.28
9-30

9.28
9.25
9-24
9.26

9.37
9-37
9.40
9-43

9-31
9-32
9.33
9-39

1978-Q1.--|
-Q2-- |
-Q3.-.I
-Q4..-I

9.39
9-43
9-53
9-75

9.37
9-42
9-50
9.74

9.46
9.52
9.58
9.79

9.44
9-48
9.56
9-77

1979-Q1---|
-Q2...I
-Q3-.-I
-Q4...I

10.10
10.25
10.35
11.42

10.07
10.25
19.34
11.33

10.08
10.24
10.35
11.31

9.99
10.12
10.19
10.91

1980-Q1...|
-Q2...I
-Q3...I
-Q4..-I

13.12
16.18
13.24
13.33

13.02
15.79
13.21
13.30

12.92
15.76
13.17
13.35

11-92
15.14
12.83
12.96

1981-Q1...|
-Q2...I

18. 59
17.56

18.38
17.36

17.87
17.01

17.09
16.19




54

QUARTERLY SOBVEY OF AGRICULTURAL CREDIT CONDITIONS, ELEVENTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF DALLAS
TABLE 344.5Q

TRENDS IN FARM REAL ESTATE VALDES AND LOAN VOLOHE
PERCENTAGE OF BANKS EXPECTING

MARKET VALUE OF GOOD FARMLAND
DATE OF
SURVEY

| DOLLARS PER ACRE
| DRY1 LAND

PERCENTAGE CHANGE
FROM PREVIOUS
QUARTER

IRRI- RANCH-| DRYGATED LAND
LAND

IRRI- RANCHGATED LAND.

1975-Q3... | ***** ***** *****
-Q4... | ***** ***** *****

****
****

****
****

****
****

1976-Q1... | ***** ***** *****
-Q2... | ***** ***** *****
-Q3... | 397. 652- 274.
-Q4... j 387. 670. 284.

****
****
****
-2.5

****
****
****
2.8

****
****
****
3.6

PERCENTAGE CHANGE {PERCENTAGE OF BANKS EXPECTING
FROM PREVIOUS
| TREND DURING THE CURRENT
YEAR
J
QUARTER TO BE—
I
OP
DOBN
STABLE
DRY- IRRI­ RANCH-1
LAND.. GATED LAND 1
1
**** **** **** |
4.
87.
9.
**** **** **** j
3.
78.
19.
1
**** **** **** |
3.
81.
16.
**** **** **** j
17.
3.
80**** **** **** |
1.
76.
23.
**** **** **** |
3.
7621.
1
**** **** **** |
76.
19.
5.
**** **** **** |
4.
27.
69.
7.
204.3 10.7 10-6 |
73.
3.9 |
71.
16.
7.2
4.5
13.
1
4.5 |
11.
7613.
10. 1
2-8
70.
9.4
6.0
6-3 |
2.
28.
8-5
8.2 13-5 |
1.
77.
21.
15.9 10.9 15.9 |
2.
72.
26.

DURING THE CURRENT QUARTER,
AS COMPARED HITH VOLOHE HADE
A YEAR EARLIER, TO BE—
LONER

SAME

HIGHER

31.
22-

57.
67.

12.
11.

16.
16.
18.
16.

72.
72.
68.
67.

12.
12.
13.
17.

18.
17.
13.
23.

66.
66.
66.
62.

16.
17.
21.
16.

18.
17.
1424.

64.
67.
63.
65.

19.
16.
23.
12.

1977-Q1... |
|
|
-Q4... |

395403.
414.
415.

685.
685.
722.
700.

287.
286.
303.
295.

2.1
2.0
2.7
0.2

2.2
0-0
5.4
-3-0

1.1
-0.3
5.9
-2.6

1978-Q1... i
-Q2... |
~Q3-- |
~Q4... |

435.
441.
449.
461.

704.
726.
781.
776.

300.
304.
344342.

4.8
1.4
1-8
7. 1

0.6
3-1
7-6
-0.6

1.7
1.3
13.2
-0.6

1979-Q1... |
-Q2... 1
-Q3... I
-Q4... |

474.
519.
508.
539.

828.
928866.
833-

369.
378.
394.
422.

-1.5
9.5
-2. 1
6.1

6.7
12-1
-6-7
-3-8

7.9
2.4
4.2
7.1

9.0
17.7
13- 1
12.1

17.6
27.8
10-9
7.3

23-0
24-3
14.5
23-4

|
|
|
|

3.
2.
3.
2.

71.
68.
70.
62-

27.
29.
27.
36-

25.
28.
27.
26.

61.
61.
61.
56.

13.
11.
1218.

1980-Q1....|
-Q2... |
-Q3.. . |
-Q4... |

545.
573.
576.
551.

921.
954.
988.
970.

399409.
419.
407.

1.1
5.1
0.5
-4.3

10.6
3-6
3-6
-1.8

-5.5
2.5
2.4
-2.9

15.0
10-4
13.4
2.2

11.2
2.8
14. 1
16.4

8.1
8.2
6.3
-3.6

3.
12.
83.

70.
757974.

27.
1313.
23.

41.
69.
45.
26.

51.
29.
51.
66.

8.
2.
4.
8.

1981-Q1.... |
-Q2... |

597- 1064.
646. 1057-

405460.

8-3
8.2

9-7
-0-7

-0.5
13.6

9.5
12.7

15.5
10.8

|
|
|
|
I
|
|

7.
4.

70.
75.

2421.

43.
36.

51.
56.

5.
8.




1.5
12.5

_______ L

55

QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, FIFTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF RICHMOND
TABLE 345.1Q
CURRENT FARM NON-REAL-ESTATE LENDING EXPERIENCE, COMPARED WITH USUAL CONDITIONS
PERCENTAGE OF BANKS REPORTING

|
1
|
1
1
1975-Q4...I

DATE OF
SURVEY

DEMAND FOR LOANS
LONER

SAME

HIGHER

FUND AVAILABILITY

1
1
1

LONER

SAME

10.

46.

44.

6.
6.
3.
3.

44.
43.
63.
68.

50.
51.
34.
29.

3.
0.
6.
9.

50.
63.
72.
71.

47.
37.
2221.

10.
27.
36.
32.

73.
67.
58.
65.

17.
6.
7.
3.

31.
27.
36.
26.

66.
74.
65.
74.

30.
0.
0.

21.
34.
14.
15.

71.
66.
66.
59.

7.
0.
20.
27.

12.
3.

65.
63.

24.
33.

21.

51.

28.

1

1976-Q1...|
-Q2.„.|
-Q3..-I
-Q4...|
1
1977-Q1..-I
-Q2-- |
-Q3-- I
“Q4-*.. I
I
1978-Q1...|
-Q2-- |
- Q " . -1
-QiA-- |
1
1979-Q1-..|
-Q2-- 1
-Q3...|
-Q4...|

12.
6.
0.
11-

68.
71.
74.
74.

21.
23.
26.
14.

0.
6.
6.
12.

85.
60.
58.
62.

15.
34.
36.
27.

7.
21.
19.
10.

60.
36.
69.
61.

33.
42.
13.
29.

13.
9.
7.
16.

63.
65.
68.
58.

25.
27.
26.
26.

1980-Q1-..|
-Q2...I
-Q3...1
-Q4-.. I

21.
43.
46.
44.

57.
37.
37.
38.

21.
20.
17.
18.

1981-Q1...|
-Q2...J

56.
47.

27.
33.

18.
20.

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
__ L_

HIGHER

LOAN REPAYMENT RATE

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
i
1
1
1
1
1
1
1
1
1
1
1
1
1
1

LONER

SAME

31.

62.

6.

2120.
0.
11.

71.
77.
97.
86.

9.
3.
3.
3.

24.
6.
11.
24.

77.
91.
89.
74.

0.
3.
0.
3-

57.
30.
13.
10.

37.
70.
84.
81.

7.
0.
3.
10.

6.
6.
7.
10.

78.
85.
87.
87.

16.
9.
7.
3.

29.
37.
29.
47.

68.
60.
69.
53.

4.
3.
30.

50.
37.

47.
63.

3.
0-

RENENALS OR EXTENSIONS!
I
LONER SAME HIGHER |

HIGHER

_L_

1
1
1
1
1
1
1
1
1
l
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
|

5.

67.

28.

30.
11.
9.

71.
80.
86.
83.

27.
20.
3.
9.

126.
0.
3.

59.
83.
86.
67.

29.
11.
14.
30.

3.
3.
3.
16.

3361.
81.
68.

6336.
16.
16.

16120.
3.

75.
85.
90.
84.

93.
10.
13.

0.
3.
3.
3.

57.
54.
63.
53.

43.
4334.
44.

6.
0.

35.
57.

59.
43.

COLLATERAL REQUIRED
LONER

SAME

0.

77.

23.

0.
0.
0.
0.

76.
80.
83.
80.

24.
20.
17.
20.

0.
0.
3.
0.

79.
79.
81.
85.

21.
21.
17.
15.

0.
0.
3.
0.

77.
73.
78.
84.

23.
27.
19.
16.

00.
0.
0.

7576.
71.
74.

25.
24.
29.
26.

0.
0.
0.
3-

69.
43.
77.
65.

31.
57.
23.
32.

0.
0.

77.
69.

24.
31.

I
I
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
l
1
1
1
__ 1—

HIGHER

QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, FIFTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF RICHMOND
TABLE 345. 2Q
FARM NON-REAL-ESTATE LOAN VOLUME EXPECTED DURING THE CURRENT QUARTER, COMPARED HITH VOLUME OF LOANS MADE A YEAR EARLIER
PERCENTAGE OF BANKS REPORTING
DATE OF
SURVEY
1975-Q4...

TOTAL

FEEDER CATTLE

DAIRY

LONER SAME HIGHER

LONER SAME HIGHER

LONER SAME HIGHER

13.

58.

29.

1976-Q1...
-Q2...
-Q3...
-Q4. . .

6.
0.
6.
3.

61.
67.
66.
77.

3333.
29.
20.

1977-Q1...
-Q2...
-Q3...
—Q4...

3.
0.
6.
6.

73.
69.
56.
64.

24.
31.
3930.

1978-Q1...
-Q2...
-Q3...
-Q4...

7.
16.
1917.

62.
50.
59.
72.

31.
34.
22.
10.

1979-Q1...
-Q2. ..
-Q3 .- .
—Q4...

16.
6.
17.
23.

55.
58.
62.
57.

2936.
2120.

198Q-Q1...
-Q2...
-Q3. --Q4...

21.
50.
33.
32.

54.
32.
52.
45.

25.
18.
15.
23.

1981-Q1...
-Q2...

37.
33.

43.
41.

20.
26.




I
I
I
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
I
1
1
1
1

39.

52.

9-

37.
14.
19.
26.

56.
61.
68.
68.

7.
25.
13.
7.

19.
7.
28.
14.

78.
87.
66.
64.

4.
7.
7.
21.

15.
10.
21.
7.

74.
80.
71.
71-

11.
10.
7.
21-

15.
11.
27.
19.

70.
71.
69.
82.

15.
18.
4.
0.

26.
59.
42.
31.

70.
41.
58.
55.

4.
00.
14.

41.
36.

50.
52.

9.
12.

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
i
1
1
1
1
1
1
1
1
1
1
1
1

CROP STORAGE

12.

76.

12-

25.
10.
16.
12.

57.
66.
66.
73.

18.
24.
19.
15.

11.
10.
23.
17.

79.
81.
70.
72.

11.
10.
7.
10.

11.
17.
21.
10.

85.
80.
79.
90.

4.
3.
0.
0.

17.
19.
22.
25.

7275.
74.
68.

10.
6.
4.
7.

26.
43.
31.
45.

74.
57.
66.
41.

0.
0.
3.
14.

31.
32.

66.
61.

37.

LONER SAME HIGHER
I
I
I
I
I
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

14.

58.

28.

23.
19.
16.
7.

55.
69.
68.
61.

23.
13.
16.
32.

10.
9.
15.
19.

73.
82.
55.
41.

17.
9.
30.
41.

14.
2 8.
13.
10.

57.
69.
67.
53.

29.
3.
20.
37.

23.
30.
14.
28.

65.
58.
62.
48.

13.
12.
24.
24.

26.
53.
32.
44.

56.
38.
50.
31.

19.
9.
18.
25.

41.
38.

44.
55.

15.
7.

FARM MACHINERY

OPERATING
LONER SAME HIGHER
8.
I
I
3I
0.
I
3.
1
6.
1
1
3.
1
3.
1
8.
1
9.
1
1
1 13.
1 24.
1 16.
1 231
1 19.
6.
1
1 19.
1 23.
1
1 11.
1 34.
1 17.
1 29.
1
1 29.
1 20.

59.

33.

47.
54.
b 6.
77.

50.
46.
31.
17.

56.
49.
36.
44.

41.
49.
56.
47.

37.
36.
44.
55.

50.
39.
41.
23.

47.
50.
48.
42.

34.
44.
32.
36.

46.
4 0.
49.
35.

43.
26.
34.
35.

35.
50.

35.
30.

LONER SAME HIGHER
I
I
I
I
I
I
I
I
1
1
1
1
I
1
1
1
1
1
1
1
1
1
J
1
1
1
1
1
1

18.

49.

33.

2111.
17.
9.

41.
4960.
69.

38.
40.
23.
23.

6.
3.
17.
24.

68.
57.
47.
59.

27.
40.
36.
18.

30.
30.
31.
23.

53.
46.
38.
48.

17.
24.
31.
29.

16.
12.
26.
19.

56.
65.
48.
71.

28.
24.
26.
10.

32.
69.
57.
56.

54.
31.
34.
29.

14.
0.
9.
15.

56.
47.

27.
43.

18.
10.

56
QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, FIFTH FEDERAL RESERVE DISTRICT--FEDERAL RESERVE BANK OF RICHMOND
TABLE 345.3Q

AVERAGE LOAN/DEPOSIT RATIO, AND PERCENTAGE OF BANKS REPORTING OTHER CONDITIONS THAT REFLECT RELATIVE CREDIT AVAILABILITY

I
DATE OF
SURVEY

NUHBER OF FARH LOAN REQUESTS REFERRED TO—
REFUSED OR |
REDUCED A |ACTIVELY
CORRESPONDENT BANKS
NONBANK AGENCIES
FARM LOAN |SEEKING
REQUEST IN | NEN
| COHPARED WITH
HIGHER
PREVIOUS | FARH
| COHPARED HITH
THAN
NONE) USUAL NUMBER
QUARTER DUE| LOAN
NONEI USUAL HUMBER
DESIRED TO SHORTAGE|ACCOUNTS
1________________
- .ILQHgg-SiBg .glGggS ____ll.OHSB.siaB.3ISiSB
_OZ_ZMRS__|_____

LOAN/DEPOSIT RATIO IS—

| AVERAGE
|LOAN/DEPOSIT
|
RATIO
| (PER CENT)

LONER
THAN
DESIRED

I

ABOUT
RIGHT

J____________
1975-Q4...|

64.
60.
61.
64.
62.

| 28.
I
| 47.
| 40.
| 30.
i 34.

62.

1976-Q1...1
-Q2-..I
"Q3-- J
-Q4-.-I

44.
54.
55.
57.

9.
6.
15.
9.

1977-Q1...|
-Q2..-I
-Q3.-I
-Q4-.-I

62.
64.
66.
65.

|
1
1
)

42.
34.
27.
36.

58.
49.
50.
49.

0.
17.
24.
15.

1978-Q1__ |
-Q2...I
- Q3-- |
-Q4...I

66.
65.
68.
67.

|
1
|
I

36.
25.
13.
20.

43.
53.
47.
47.

21.
22.
41.
33-

1979-Q1...|
“Q2-- 1
-Q3.--I
-Q4...J

65.
66.
68.
68.

16.
15.
10.
10.

61.
62.
58.
73.

23.
24.
32.
17.

1980-Q1...|
-Q2..-I
-Q3...I
-Q4---I

66.
66.
67.
65.

14.
21.
18.
30.

57.
50.
61.
64.

29.
29.
21.
6.

1981-Q1-- |
”Q2-- 1
1

63.
64.

|
|
|
]
1
|
I
|
|
1
1
|

39.
38.

55.
59.

6.
3.

10.

|
1
1
|
|
1
1
|
|
|
|
1
|
|
I
|
1
|
|
|
|
|
|
|
|
1
|
|

8.

63.

i ***

***

***

**♦

***

*♦*

***

***

3.
3.
3.
0.

62.
71.
59.
65.

|
|
|
1

76.
63.
70.
71.

0.
11.
03.

21.
26.
27.
24.

3.
0.
3.
3.

38.
36.
47.
47.

6.
7.
0.
6.

47455044.

9.'
13.
33.

0.
0.
0.
0.

71.
82.
72.
68.

|
I
|
|

70.
65.
66.
72.

6.
33.
3.

21.
32.
31.
25-

3.
0.
0.
0-

41.
44.
48.
53-

9.
3.
7.
6.

474436.
25.

3.
9.
10.
16.

3.
3.
13.
13.

73.
64.
56.
60.

)
1
|
1

78.
71.
83.
71.

0.
3.
0.
0.

22.
26.
13.
29.

0.
0.
3.
0-

43.
3348.
52.

0.
0.
0.
0.

29.
3336.
36.

2933.
16.
13.

13610.
7.

66.
68.
61.
61.

|
J
|
|

7274.
63.
76.

00.
3.
0.

28.
233024.

03.
30.

3939.
4559.

00.
0.
0-

4839.
41.
31,

1323.
1410.

7.
20.
9.
6.

64.
3463.
68.

|
|
I
|

78.
7579.
76.

0.
4.
6.
3.

22.
14.
12.
14.

0.
7.
3.
7.

58.
4752.
55-

0.
0.
0.
0.

23.
20.
26.
24.

19.
33.
23.
21-

3.
0.

7173.

| 76.
| 82.

100.

IQ18.

3.
0.

5252.

3.
0.

13.
30.

3219.

QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, FIFTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF RICHMOND
TABLE 345.4Q
TYPICAL INTEREST RATES CHARGED OH FARH LOANS
(AVERAGE, PER CENT)
DATE OF
SURVEY

|
|
1
1
1975-Q4...I

FEEDER CATTLE
LOANS

OTHER
OPERATING
LOANS

INTERMEDIATE-TERM
(1 TO 7 YEARS)
LOANS

LONG-TERM
REAL ESTATE
LOANS

8.98

8.98

9.53

9.34

1976-Q1__ |
-Q2... |
-Q3-.. |
-Q4-- 1

8.89
8.88
8.91
8.77

8.86
8-90
8.81
8.75

9-48
9.29
9.26
9.20

9.22
9.26
9-19
9.31

1977-Q1...|
-Q2..-J
-Q3...I
-Q4... |

8.89
8.78
8.84
8-70

8.89
8-73
8.82
8.74

9.29
9-17
9.26
9.28

9.28
9-30
9.35
9-27

1978-Q1__ |
-Q2--.J
-Q3... |
-Q4..-I

8.94
8.99
9-28
9.65

8.98
9.08
9.37
9-54

9.46
9.44
9.69
10.02

9-42
9.49
9.60
9.80

1979-Q1...|
-Q2...I
-Q3...I
-Q4...I

10.28
10.90
11.37
12.05

10.37
10.74
10.97
12.08

10.52
11.17
11.28
12.27

10.26
10.94
11.38
11.94

1980-Q1...|
-Q2-- |
-Q3...I
-Q4-.-I

12.97
16.55
13.38
13.84

13.02
16.37
13.38
13.74

13.15
16.85
13.60
14.16

13. 11
16.44
13.66
13.83

1981-Q1...|
-Q2...I
__________ L_

17.16
16.94

17.23
16-78

16-87
16.74

16-18
15.97




QOIBTEELI SURVEY OF AGRICULTURAL CREDIT CONDITIONS, FIFTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BARK OF RICHMOND
TABLE 345.5Q
IBENDS
HARKET
DATE

OF

|

SURVEY

|

DOLLARS
PER
ACRE

VALUE

IN
OF

P E R C E N T A G E CHANGE
FROH P R E V I O U S —
QUARTER

FARM
GOOD

REAL

ESTATE

VALUES

AND

L O AN

V O L U ME

F ARML AND

P E R CE N T AG E OF BANKS E X P E C T I N G
F A R M R E A L E S T A T E L O AN V O L U M E
DURI NG THE C URR E NT Q U A R T E R ,
A S C O M P A R E D K I T H V O L U M E MADE
A YEAR E A R L I E R ,
TO B E —

P E R C E N T A G E OF B ANKS E X P E C T I N G
TREND DURING THE CURR ENT
QUARTER TO B E —

YEAR
DOHN

STABLE

SAHE

777.

* * * *

* * * *

5.

82.

13.

11-

76.

13.

1 9 7 6 - Q 1 -------J

~ Q 2 -------|

842.
810.

0.

90.
63.

18
20
14
17

16
18
6
12

.
.
.
.

16.
21-

11.8

7
8
8
8

6861.

851.
869.

* ♦ **
* ♦ * *
* * * *

3.
0.

~ Q 3 -------1
-Q 4. . . |

8 .4
- 3 . 8
5.1
2. 1

76.
70.

18.
18-

9
9
9
9

0
1
3
3

6
0
7
5

.
.
.
.

4 .3
0 .4
2 .9
- 0 .1

7.
1210.
7-

8
8
8
9

2
2
3
4

.
.
.

18.
18.
11.
6.

9.
6.
6.
13.

75.
70,
67.
75-

1624.
27.
13-

1
1
1
1

0
0
0
1

1
7
7
0

7
1
4
5

.
.
.
.

87.
76.

70.

5 .3
0 .3
2 .9

24.

23.

68.

1310.

0.

75.
74.

25.
26.

28.
20.

6 3 .
70.

9.
10-

1
1
1
1

079.
165192.
222.

0.
0.
0.
0.

66
49
65
81

.
.
.
.

34.
52.
3 6 .
19.

35.
22.
18.
32.

59.
53.
57.
61-

7.
25.
25.
7.

1 9 8 0 -Q 1 ...|
- Q 2 ... |
- Q 3 ____ |
- Q 4 ____ |

1
1
1
1

2
2
3
3

0.

33.
65.
56.
49.

63
35
35
39

1 9 8 1 - Q l...|
- Q 2 ____ |

1277.

- 5 . 6

46.

1265.

- 0 . 9

39.
57.

1 9 7 7 -Q 1 ...|
“ Q 2 -------I
~ Q 3 -------|

1 9 7 8 -Q 1 .. . |
-Q 2—
|
- Q 3 -------|
- Q 4 . . - I
1 9 7 9 -Q 1 ...|
- Q 2 . . - I
- Q 3 ------ |
- Q 4 ____ |




3170.
18.
53.

8 .7

- 2 . 4
8 .0

6
3
1
6

6.
0-

12.3
17.7

3.
0.

6. 1
8 .8
11.0
10 .6

0
3
3
2

14
9
10
10

7
2
8
7

0.

0.

14.7
18.1

2. 3
2 .5
.
.
.
.

0.

0.

UP

...

.
.
.
.

10 .

.1
.0
.6
.7

31.
9.
3-

79.
63.
86.
82.

216.
6.

3-7
- 0 . 4

33.

85.
80-

12.
17.

15.

.L

HIGHER.

LONER

1 9 7 5 - Q 4 ____ |

17.

32.

.
.
.
.

4.

0.
9.
12.
15.

11 -

58

AGRICULTOSAL FINANCE DATABOOK— QUARTERLY SERIES

APRIL 1981

DESCRIPTION OF COVERAGE AND PROCEDURES OF SURVEYS IN SECTION 340
FIVE FEDERAL RESERVE BANKS CONDUCT QUARTERLY SURVEYS OF CREDIT
CONDITIONS AT COMMERCIAL BANKS THAT ARE INVOLVED IN FARM LENDING. EACH
OF THE SURVEYS IS MADE AS OF THE FIRST DAY OF JANUARY, APRIL, JULY, AND
OCTOBER. THESE DATES CORRESPOND TO LINES Q1 THROUGH Q4, RESPECTIVELY, IN
THE TABLES. EACH OF THE FEDERAL RESERVE BANKS ISSUES A QUARTERLY REPORT
ON ITS SURVEY RESULTS, AVAILABLE FROM THE RESERVE BANK ON REQUEST.

THE FEDERAL RESERVE BANK OF CHICAGO HAS CONDUCTED A QUARTERLY LAND
VALUE AND CREDIT CONDITIONS SURVEY FOR OVER 25 YEARS. OVER THIS TIME THE
SURVEY HAS UNDERGONE SEVERAL CHANGES, AND THUS HISTORICAL DATA FOR THE
CURRENT SERIES ARE AVAILABLE FOR VARYING LENGTHS OF TINE.
BEFORE 1973, THE SURVEY COVERED ONLY BANKS THAT HERE BERBERS OF THE
FEDERAL RESERVE SYSTEM. FROM 1969 TO 1972, FOR EXAMPLE, THE BANKS SURVEYED
HERE MEMBER BANKS AT HHICH FARM LOANS COMPRISED 10 PER CENT OB MORE OF TOTAL
LOANS AS OF 1968. THAT SAMPLE NUMBERED ABOUT 550 BANKS, HHICH HAS LBOUT 60
PER CENT OF ALL MEMBER BANKS IN THE SEVENTH FEDERAL RESERVE DISTRICT.
IN JANUARY 1973, THE SURVEY HAS BROADENED TO COVER NONMEHBER BANKS AT
HHICH FARM LOANS COMPRISED 25 PER CENT OR MORE OF TOTAL LOANS AS OF JUNE 1972
(EXCEPT IN MICHIGAN, HHERE THE CRITERION HAS SET AT 10 PER CENT). A TOTAL
OF 476 NONMEMBER BANKS, REPRESENTING 28 PER CENT OF ALL NONMEHBER BANKS IN THE
DISTRICT, RESPONDED TO A REQUEST TO PARTICIPATE IN THE SURVEY. AS OF 1973,
THEREFORE, THE TOTAL SURVEY SAMPLE (BOTH MEMBER AND NONMEMBER BANKS) ROSE TO
OVER 1,000 BANKS, OR ABOUT 40 PER CENT OF ALL BANKS IN THE DISTRICT. A
TYPICAL RESPONSE RATE EACH QUARTER IS ABOUT 75 PER CENT.

THE FEDERAL RESERVE BANK OF MINNEAPOLIS INITIATED A QUARTERLY
AGRICULTURAL CREDIT CONDITIONS SURVEY IN 1964. THE SURVEY PANEL AND
QUESTIONNAIRE HAVE REMAINED LARGELY COMPARABLE OVER TIME. THUS AMONG THE
RESERVE BANK SURVEYS, THIS SURVEY PROVIDES EXCEPTIONALLY LONG AND BROAD
COVERAGE OF AGRICULTURAL CREDIT CONDITIONS, AND IS ESPECIALLY VALUABLE IN
THAT THE SERIES SPAN SEVERAL MONETARY AND FARM INCOME CYCLES.
THE SURVEY PANEL IS CHOSEN FROM AMONG BANKERS ENGAGED IN FARM LENDING
TO PROVIDE A GEOGRAPHICAL AND BANK-SIZE CROSS SECTION OF THE BANKS IN THE
NINTH FEDERAL RESERVE DISTRICT. THE CORE OF THE PANEL CONSISTS OF MEMBERS
OF THE UPPER MIDHEST AGRICULTURAL CREDIT COUNCIL, AN ORGANIZATION OF
AGRICULTURAL REPRESENTATIVES AND LENDING OFFICERS OF NINTH DISTRICT BANKS.
THE INITIAL SURVEY IN 1964 COVERED 75 BANKERS. OVER TIME, THE PANEL HAS
ENLARGED; AS OF 1973, IT COVERED 175 BANKS. THE RESPONSE RATE HAS
TYPICALLY BEEN 90 PER CENT OR BETTER.

THE FEDERAL RESERVE BANK OF KANSAS CITY IMPLEMENTED A QUARTERLY
AGRICULTURAL CREDIT CONDITIONS SURVEY ON JANulRY 1, 1976. AN INITIAL
SAMPLE OF 196 BANKS HAS SELECTED PRIMARILY FROM AMONG THE 902 BANKS IN THE
TENTH FEDERAL RESERVE DISTRICT AT HHICH FARM LOANS COMPRISED 50 PER CENT OR
MORE O F TOTAL LOANS. THE SAMPLING PROCEDURE RESULTED IN REPRESENTATION OF
ALL GEOGRAPHIC REGIONS AND FARMING AREAS IN THE DISTRICT.
AS OF APRIL 1977, THE SAMPLE CONSISTED OF 188 BANKS. VIRTUALLY ALL
SURVEYED BANKS RESPOND EACH QUARTER. FOLLOH-UP CALLS TO RESPONDENTS ARE
HADE TO HELP ASSURE A HIGH RESPONSE RATE.

THE FEDERAL RESERVE BANK OF DALLAS INITIATED A QUARTERLY SURVEY OF
AGRICULTURAL CREDIT CONDITIONS ON JULY 1, 1975. A SAMPLE OF 331 MEMBER AND
NONMEHBER BANKS HAS DRAHN TO PROVIDE REPRESENTATION OF BANKS OF ALL SIZES
THROUGHOUT THE ELEVENTH FEDERAL RESERVE DISTRICT. A RESPONSE RATE OF ABOUT 70
PER CENT HAS BEEN EXPERIENCED.
AS OF JANUARY 1976, THE SURVEY COVERED 23 PER CENT OF ALL BANKS IN THE
DISTRICT. THE EFFECTIVE SAMPLING RATE HAS RELATED PRIMARILY TO THE RELATIVE
IMPORTANCE OF FARM LENDING. OF THE 522 BANKS AT HHICH FARM LOANS COMPRISED
ONE-FOURTH OR MORE OF TOTAL LOANS (BASED ON JUNE 1974 DATA), 54 PER CENT HERE
INCLUDED IN THE SURVEY. THIS GROUP THUS ACCOUNTED FOR 85 PER CENT OF THE
BANKS IN THE SURVEY.

THE FEDERAL RESERVE BANK OF RICHMOND BEGAN A QUARTERLY SURVEY OF
AGRICULTURAL CREDIT CONDITIONS ON OCTOBER 1, 1975. IN SELECTING THE
SAMPLE, THE 773 BANKS IN THE FIFTH FEDERAL RESERVE DISTRICT HERE
STRATIFIED ON THE BASIS OF OUTSTANDING DOLLAR VOLUME OF FARM LOANS, AND
THOSE BANKS HITH A HIGH VOLUME OF FARM LOANS HERE SAMPLED MUCH MORE
HEAVILY. A TOTAL OF 64 BANKS HERE SELECTED IN THIS MANNER, OF HHICH 43
AGREED TO PARTICIPATE IN THE SURVEY. OF THE 18 BANKS WHERE OUTSTANDING
FARM LOANS EXCEEDED $10 MILLION (BASED ON JUNE 1974 DATA), 16 HERE INCLUDED
IN THE FINAL SAMPLE OF 43 BANKS.

AGRICULTURAL FINANCE DATABOOK— QUARTERLY SERIES

9 0 0

FA RM

IN C O M E

9 1 1 . 1Q
911.2Q
9 1 1 . 3Q

SOURCES;




AND

APRIL

1981

EXPEN SES

AMOUNT............................................. ........ ...5 9
PERCENTAGE CHANGE FROM PREVIOUS QUAR1ER........................ 6 0
PERCENTAGE CHANGE FROM SAME QUARTER CF PREVIOUS YEAR........... 6 1

AGRICULTURAL OUTLOOK. ECONOMICS AND STATISTICS SERVICE,
U.S. DEPARTMENT OF AGRICULTURE.
______ S, COUNCIL OF ECONOMIC ADVISERS, FOR THE
JOINT ECONOMIC COMMITTEE, U.S. CONGRESS.

59

TABLE 911.1Q
INCOME RECEIVED FROM FARMING (SEASONALLY-ADJUSTED ANNUAL RATE)
AMOUNTS IN BILLIONS OF DOLLARS
i

GROSS

I
|
|
|

QUARTER

_

. . . ..

INCOME
_

TOTAL

|

|

i

NET

I NCOME

TO

FARM

OPERATORS

I
I
CAS H
|PRODUCTION|
E XCLUDI NG!
I N C L U D I N G NE T C HANGE
RECEIPTS
i E X P E N S E S | NE T CHANGE!
IN INVENTORIES
FROM F A RM|
| I N I N V E N - | ____________________________________
MARKETI NGS!

|

TORIES

|IN

i __________ ___________________________J __________________ |____________________L

CURRENT

IN

T967*

D O L L A R S _______D O L L A R S

I
1 9 6 1 - Q 1 ................ |
- Q 2 ................ |
- Q 3 ................ |
- Q 4 ................ 1

4
4
4
4

4
3
5
0

35.6
3 4 .8
34.9
35.3

2
2
2
2

1 9 6 2 - Q 1 ................ 1
- Q 2 ................ |

4 2 .3
42 .4

36 .6

- Q 3 ................ |
- Q 4 ................ |

4 2 .2
4 2 .5

36 .6
3 6 .2
3 6 .5

3 0 .0
3 0 .3
3 0 .3
3 0 .6

1 9 6 3 - Q 1 ................ j
- Q 2 ............... |
- Q 3 ................ |
- Q 4 ................ |

4 3 .5
43 .5

3
3
3
3

3
3
3
3

6
6
6
7

11.2
11.2

I
1 9 6 4 - Q 1 ................ |
- Q 2 ................ |
- Q 3 ................ |

0
0
0
1

.
.
.
.

4 3 .3
43. 1
4 2 .4
42.3
4 2 .0

7
7
7
7

.7
.5
.4
.3

3 7 .2
3 7 .3
37 .2
3 7 .6

8
8
8
8

.3
.5
.7
.8

11.8
11.5
11.4

12.1
11.8
11.8

11.8

12.2

1
1
1
1

1
1
1
1

12.3
12. 1
11.9
11.9

13
1 3
13
13

1 1
11
11
11

.9
.9
.7
.4

1 3.0
1 3 .0

11.1
10.9

3 2 .0
3 2 .0
3 1 .7

11.0
11.1
11.3

10.4
1 0.3
10.3

1 1 .2
11.1
11.1

1
1
1
1

.
.
.
.

1
1
1
1

.8
.5
.2
.2

3
3
3
3

.
.
.
.

5
2
2
6

.6
.4
.1
.1

1 2 .7
12.4

3 1 .7

11.7

1 0.8

1 1 .6

3 3 .0
3 3 .7
3 3 .7

11.1

11.7

46 .9
47.1
47.4

38.1
39.8
3 9 .6
40.0

12.2
12.1
12. 1

13.2
13.4

1
1
1
1

2
4
4
3

.
.
.
.

51.3

43 .7

3 5 .7

50.4

43 .4

50 .3
4 9 .8

43. 4
43 .2
4
4
4
4

- Q 4 ............... |
I
1 9 6 5 - Q 1 ................ J
- Q 2 ................ i
- Q 3 ................ |
- Q 4 ................ |

4 2 .5

1 9 6 6 - Q 1 ................ |
- Q 2 ................ |
- Q 3 ................ |
- Q 4 ................ |
1 9 6 7 - Q 1 ................ |
- Q 2 ................ |
” Q 3 ................ |

4 9 .8
5 0 .5
50 .9

44 .7

2
2
2
2

3 4 .2

.7
.9
.9
.8

1 3.2
15.6
14.1

5
0
2
9

3 6 .3
3 6 .7
3 7 .3

1
1
1
1

5
4
3
3

.2
.2
.8
.0

13-6
1 2.5

1
1
1
1

6
4
3
2

.2
.6
.9
.7

3 7
3 8
3 8
3 8

11
11
11
11

.8
.6
.7
.6

11
12
12
12

1
1
1
1

2
2
2
2

.0
.3
.6
.4

.9
.3
.3
.3

- Q 4 ................ |

50.9

1 9 6 8 - Q 1 ................ i
- Q 2 ................ |
- Q 3 ................ |
................ (

5 0 .8

43 .2

51.1
52.1
53 .4

43 .5
44.4
45 .6

3 9 .6
4 0 .3

1 9 6 9 - Q 1 ............... ■ !
- Q 2 ............... |
- Q 3 ............... . |
- Q 4 ............... , |

55 .3
56.3
5 6 .4

4
4
4
4

1
2
2
2

.
.
.
.

2
3
3
7

14.0
13.9

57 .6

47.2
48.1
48.1
49.3

1 9 7 0 - Q 1 ............... . |
- Q 2 ----------- . |
- Q 3 ----------- . 1

5 9 .0
5 8 .8
58 .0

50.9
50.7
50.0

4
4
4
4

3
4
4
5

.
.
.
.

9
3
5
0

.2
.4
.7
.3

3 8 .8
3 9 .4

.9
.2
.6
.6

12.0

11.7

11.7
12.5
13.1

1 1.3
1 1.9
1 2 .3

14.1
14.0
14. 1
14.9

13. 1
12.8
1 2 .7
1 3 .3

15.1
14.5
13.5
13.5

15. 1
1 4.5
13.5

1
1
1
1

3
2
1
1

14.0

1 5 .7

12.9
11.6
14.4

1 4.2
12.9
15.7

1
1
1
1

3.1
1 .8
0 .6
2 .8

16.4

1
1
1
2

11.8
11.6
12.4
13.0

14.0
14.8

1 3.5

.
.
.
.

2
5
5
4

5 8 .5

5 0 .5

1971-

Q
Q
Q
Q

1
2
3
4

1
----------- . |
-----------. |
-----------. |
--------- . |

6
6
6
6

1
1
0
4

.9
.6
.6
.0

52 .4
5 2 .5
51 .5
55.0

4 6
4 7
4 7
4 8

1972-

Q
Q
Q
Q

1
2
3
4

-----------. I
-----------. |
--------- . |
--------- . |

6
7
7
7

7
0
0
5

.
.
.
.

6
3
6
4

5
6
6
6

7
0
0
5

.
.
.
.

5
6
9
8

5
5
5
5

0
1
2
4

.1
.5
.8
.8

18.0
17.0
19.9

1973-Q
-Q
-Q
-Q

1
2
3
4

______
-------------------------

.|
.|
.|

87.1
9 6 .3
1 0 4.3
107.9

8
4
1
4

.
.
.
.

3
3
7
0

6
6
6
6

0
4
9
9

.0
.2
.0
.2

2
2
3
3

6 .8
8 .5
1.1
3.2

2 7.1

•l

7
8
9
9

32. 1
3 5 .3
3 8 .7

2
2
2
2

1974-

Q
Q
Q
Q

1
2
3
4

---------------------------------

.|
. |
. J
. |

10
9
9
9

6
6
5
5

.1
.7
.6
.0

10
8
8
9

1
9
8
0

.2
.6
.3
.7

7
7
7
7

4
0
2
2

.
.
.
.

0
6
0
4

3
2
2
2

5
6
3
6

3
2
2
2

2 2 .7
1 7.9
1 5 .8
1 4 .7

1975-

Q
Q
Q
Q

1
2
3
4

---------------------------------

.1
.|
.1
. I

91
99
1 0 6
103

.8
.6
.8
.1

7
8
9
8

9
8
5
9

.4
.3
.1
.9

72 .0
7 5 .7
7 8 .8
7 7 .0

1
2
2
2

5.8
1 .2
5. 1
2.1

1 ______
2 --------3 --------4 ---------

.|
.|
.|

99 .6
104.0
102.8

9 1 .9
98.2
9 5 .4

8
4
6
4

.
.
.
.

0
0
0
4

23.1
2 3 .5
18.8
18.9

2 1 .6
2 0 .0
16.8

6
7
8
2

.
.
.
.

7
5
5
4

2 0 .3
17.0
14.9
22.6

1
1
1
2

9
8
6
4

.3
.0
.9
.8

1 0 .9
1 0.0
9 .2
13.4

2
2
2
3

4
7
4
0

.8
.3
.8
.4

2
2
2
3

5
7
6
1

.
.
.
.

8
8
3
6

13.7
1 4 .4

9 7 .4
103.0

2
2
2
2

8
8
4
6

.1
.9
.9
.0

3
3
3
2

1
2
0
9

.
.
.
.

3
8
3
9

15. 1
1 5.3
1 3.7
13.1

.
.
.
.

3
8
2
9

10
7
8
8

- Q 4 ----------- . |

. |

100.9

93.6

7
8
8
8

1 9 7 7 - Q 1 ______ . |
- Q 2 --------- . |
- Q 3 --------- . |
- Q 4 ---------- . !

106.0
105.5
105.4

9
9
9
9

6
3
2
9

.8
.8
.1
.9

8
8
8
9

1978-

0
1
0
1

6
1
9
8

.
.
.
.

9 5 .0
9 7 .0

1976-Q
-Q
-Q
-Q

Q
Q
Q
Q

117.2

1 --------2 --------3 --------4 ---------

. i
.|
.|
.|

1
1
1
1

2
2
2
3

0
4
3
4

.8
.8
.7
.6

1
1
1
1

1
2
3
4

. |
.|
.|
.J

1
1
1
1

4
4
4
5

5
9
9
4

.5
.1
.9
.1

128.9
130.9
130.6
135.4

114
116
119
124

I
1 9 8 0 - Q 1 ______ . (
- Q 2 --------- . |
- Q 3 --------- . (
- Q 4 --------- . |

1
1
1
1

5
4
5
5

2
9
4
8

.
.
.
.

8
5
9
7

137.0
135.8
142.8
145.8

127.4
130.4

1 9 8 1 - Q 1 ______, . !

157.2

141.8

1979-Q
-Q
-Q
-Q

______
-------------------------




2
0
0
0

.2
.3
.6
.2

.0
.1
.6
.1

24.4

7
8
7
0

.
.
.
.

5
8
8
6

2.1
6.1
3 .6
2 .6

19.
23.
2 8 .
26.

8
9
0
1

1 6.5

13 3 .6
136.9

2 0 .6
2 4.9
2 5 .2

2 5
18
2 1
2 1

139.5

19.1

17.7

14.1
15. 1
1 4 .2
1 6 .2

1
1
1
1

1
4
6
8

.0
.4
.3
.2

2
5
7
5

.
.
.
.

6
0
2
7

1 2 .9
1 1 .8
9 .8
9 .5

1 3 .3
1 5.6

.7
.7
.5
.5

6 .7




60

TABLE 911.2Q
INCOME RECEIVED FROM FARMING (SEASONALLY-ADJUSTED ANNUAL RATE)
AMOUNTS IN BILLIONS OF DOLLARS
PERCENTAGE
|

GROSS

CHANGE

INCOME

FROM

PREVIOUS

|

|

I _______________________ I
|
QUARTER

|
|
|

CAS H
TOTAL

NET

QUARTER
I NCOME

TO

FARM

OPERATORS

I___________________________________

1 PRODUCTION|

RECEIPTS
| EXPENSES
FROM F ARH|
MARKETINGS!

EXCLUDING|

I NCLUDI NG

NET

C HANGE

| N E T C HANGE |
IN INVENTORIES
| I N I N V E N - | ______________________________________
| TO RIES
J I N CURRENT
IN 1967

______________________|_______________________________________ |___________________ |_________________I

I

D O L L A R S _______ D O L L A R S

1961-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... 1

2.3
-0.2
0.5
1.2

2.0
-2.2
0.3
1.1

3.3
0.7
0.7
0.3

0.9
-2.5
-0.9
3.5

0.0
-2.5
0.0
3.4

-0.2
-2.4
-0.4
3.2

1962-Q1.... |
-Q2.... |
-Q3.... I
-Q4.... |
I
1963-Q1.... |
"Q2.... |
-Q3.... |
-Q4.... 1

3.2
0.2
-0.5
0.7

3.7
0.0
-1.1
0.8

4.2
1.0
0.0
1.0

0.0
-2.5
-2.6
0.0

0.8
-1.6
-1.7
0.0

0.4
-2.0
-1.9
-0.2

2.4
0.0
-0.5
-0.5

3.3
-0.5
-0.3
-0.3

3.3
0.0
0.0
0.3

0.0
0.0
-0.9
-1.8

0.0
0.0
-1.7
-2.6

-0.3
-0.2
-2.3
-2.8

1964-Q1.... |
-Q2.... |
-Q3.... |
.... 1

-1.6
-0.2
-0.7
1.2

-0.3
0.3
-0.3
1.1

0.9
0.0
-0.9
0.0

0.9
0.9
1.8
3.5

-8.8
-1.0
0.0
4.9

-9.1
-1.1
-0.2
4.4

1965-Q1.... |
-Q2.... j
-Q3.... |
-Q4.... t

5.2
4.9
0. 4
0.6

1.3
4.5
-0.5
1.0

4.1
2.1
0.0
1.5

-5.1
9.9
-0.8
0.0

8.3
12.8
1.5
-1.5

8.0
12.1
1.2
-2.0

1966-Q1.... |
-Q2.... 1
-Q3.... |
.... 1

8.2
-1.8
-0.2
-1.0

9.2
-0.7
0.0
-0.5

4.4
1.7
1.1
1.6

25.6
-6.6
-2.8
-5.8

18.2
-9.6
-3.5
-8.1

17.1
-10.4
-4.4
-8.8

1967-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... 1

0.0
1.4
0.8
0.0

-1.2
0.5
0.0
-0.2

1.6
1.1
0.0
0.0

-9.2
-1.7
0.9
-0.9

-4.8
2.5
3.3
0.0

-5.1
2.0
2.2
-1.0

1968-Q1.... |
-Q2.... |
-Q3.... |
-Q<*.... 1

-0.2
0.6
2.0
2.5

0.9
0.7
2.1
2.7

1.3
1.5
0.5
1.8

1.7
-1.7
6.9
4.8

-4.8
-2.5
6.8
4.8

-5.8
-3.4
5.5
3.4

1969-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... 1

3.6
1.8
0.2
2.1

3.5
1.9
0.0
2.5

2.2
2.7
0.0
0.9

7.7
-0.7
0.7
5.7

7.6
-0.7
0.7
5.7

6.4
-2.3
-0.7
4.1

1970-Q1.... |
-Q2.... |
-Q3.... |
“Q**.... 1

2.4
-0.3
-1.4
0.9

3.2
-0.4
-1.4
1.0

2.8
0.9
0.5
1.1

2.0
-4.0
-6.9
0.0

1.3
-4.0
-6.9
0.0

-0.3
-5.3
-7.9
-1.3

1971-Q1.... |
-Q2.... 1
-Q3.... |
-O'*.... 1

5.8
-0.5
-1.6
5.6

3.8
0.2
-1.9
6.8

2.7
2.6
0.6
1.3

3.7
-7.9
-10.1
24.1

16.3
-9.6
-9.2
21.7

15.3
-10.5
-10.0
21.0

1972-Q1.... |
-Q2.... I
-Q3.... |
-Q9.... 1

5.6
4.0
0.4
6.8

4.5
5.4
0.5
8.0

3.7
2.8
2.5
3.8

13.9
9.8
-5.6
17.1

11.5
7.4
-5.3
15.7

10.4
6.7
-6.1
14.7

1973-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... 1
1
1974-Q1.... |
-Q2.... |
-Q3.... |
"Q1*.... 1

15.5
10.6
8.3
3.5

19.0
7.7
8.8
2.5

9.5
7.0
7.5
0.3

34.7
6.3
9.1
6.8

31.6
18.5
10.0
9.6

29.3
16.1
7.9
7.1

-1.7
-8.9
-1.1
-0.6

7.7
-11.5
-1.5
2.7

6.9
-4.6
2.0
0.6

5.4
-25.4
-9.6
10.6

-17.1
-18.7
-9.6
-4.2

-19.5
-20.9
-12.1
-7. 1

1975-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... 1
1
1976-Q1.... |
-Q2.... 1
-Q3.... |
-Q4.... 1

-3.4
8.5
7.2
-3.5

-12.5
11.2
7.7
-5.5

-0.6
5.1
4.1
-2.3

-39.5
34.2
18.4
-12.0

-12.4
20.7
17.2
-6.8

-14.2
19.3
14.8
-8.6

-3.4
4.4
-1.2
-1.8

2.2
6.9
-2.9
-1.9

1.3
7.7
2.4
-1.9

4.5
1.7
-20.0
0.5

-17.2
-7.4
-16.0
-1.8

-18.1
-8.1
-17.4
-3.3

1977-Q1.... |
-Q2.... |
-Q3.... |
-Q1*.... 1

5.1
-0.5
-0. 1
11.2

3.4
-3.1
-1.8
8.5

2.7
0.9
1.1
4.4

7.4
-16.3
-12.4
51.7

17.0
-6.7
-6.1
46.7

14.9
-6.3
-7.5
44.5

1978-Q1.... |
-Q2.... 1
-Q3.... I
-Q4.... I

3.1
3.3
-0.9

6.3
4.5
-1.8
8.3

2.8
2.1
0.4
5.7

9.7
10.1
-9.2

4.0
7.8
-5.4
20.2

2.3
5.4
-7.6
17.3

1979-Q1.... |
-Q2.... J
-Q3.... 1
-Q4.... |

8.1
2.5
0.5
2.8

9.2

10.9

-7.6
2.8
-13.8

1980-Q1.... |
-Q2.... |
-Q3.... J
-Q4.... |
1
1981-Q1.... |

8 .8

- 0 .8
- 2 .2
3 .6

2.5
- 0 .9

1.6
- 0 . 2

3.7
1 .2
- 0 .5

5.2
2. 1
- 2 . 7

1.8

2.8
3 .8
2
2
2
2

.
.
.
.

6
4
5
5

1.9

2 2 .6

4 .4
- 6 . 2

-15.6
20.9

-0.9
4.8
-7.6
-1.3
-15.4
-25.7

- 3 . 4
1 .8
- 1 0 .6
- 4 . 5

-18.6
-27.9

1.2

12.8
3 .3

1 0.7
0 .2

- 2 4 .2

- 1 9 .2

- 2 1 .2

61

TABLE 911.3Q
INCOHB BECEIVEO FROM FARMING (SEASONALLY-ADJUSTED ANNUAL BATE)
AMOUNTS IN BILLIONS OF DOLLABS
PERCENTAGE

CHANGE

FBOH

SAME

QUABTEB

OF

PBEVIOUS

YE AH

1
GBOSS INCOMB
1
| NET INCOME T O F A R M O P E R A T O R S
l_ __________________ 1
1
CASH
(PRODUCTION| EXCLUDING! INCLUDING NET CHANGE
UUABTEB
|
RECEIPTS | EXPENSES |NET CHANGE!
IN INVENTORIES
TOTAL
FBOM FARM!
1 IN INVEN-1
1
1
MARKETINGS!
| TORIES |IN CURRENT
IN 1967
___ L_
J____
1 DOLLABS
DOLLARS
1
1961-Q1.... |
7.7
7.9
3.7
18.0
18.6
16.9
3.1
0.9
-Q2.... |
4.4
0.0
0.9
-0.9
-Q3.... |
2.8
0.9
4.7
-0.0
-1.7
-2.9
-Q4.... |
3.8
1.1
5.1
0.9
0.8
0. 1
1962-Q1.... |
-Q2.... j
-Q3.... 1
-34.... 1

4.7
5.2
4.2
3.7

2.8
5.2
3.7
3.4

6.0
6.3
5.6
6.3

0.0
0.0
-1.8
-5.1

1.7
2.5
0.8
-2.5

0.8
1.2
-0.3
-3.7

1963-Q1.... |
-Q2.... |
-Q3.... 1

2.8
2.6
2.6
1.4

3.0
2.5
3.3
2.2

5.3
4.3
4.3
3.6

-5.1
-2.6
-0.9
-2.7

-3.3
-1.7
-1.7
-4.2

-4.4
-2.7
-3.0
-5.5

1964-81.... |
-Q2.... |
-83.... |
“84.... 1

-2.5
-2.8
-3.0
-1.4

-1.3
-0.5
-0.5
0.8

1.3
1.3
0.3
0.0

-1.8
-0.9
1.8
7.3

-12.6
-13.4
-12.0
-5.3

-13.9
-14.7
-12.9
-6.4

1965-31.... |
-Q2.... I
-Q3.... t
-34.... 1

5.4
10.9
12.1
11.5

2.4
6.7
6.5
6.4

3.1
5.3
6.3
7.9

0.9
9.9
7.1
3.4

12.5
28.2
30. 1
22.2

11.2
26.1
27.8
20.1

1966-Q1.... |
-Q2.... j
-Q3.... |
-84.... 1

14.8
7.5
6.8
5. 1

14.7
9.0
9.6
8.0

8.2
7.7
8.9
9.1

36.9
16.4
14.0
7.4

33.3
6.8
1.5
-5.3

30.2
4.0
-1.7
-8.6

1967-31.... |
-Q2.... |
-33.... |
-34.... 1

-2.9
0.2
1.2
2.2

-2.3
-1.2
-1.2
-0.9

6.2
5.5
4.4
2.7

-22.4
-18.3
-15.2
-10.8

-23.7
-13.5
-7.4
0.8

-25.9
-15.6
-9.8
-2.0

1968-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... 1

2.0
1.2
2.4
4.9

1.2
1.4
3.5
6.5

2.4
2.9
3.4
5.2

0.0
0.0
6.0
12.1

0.8
-4.1
-0.8
4.0

-2.7
-7.9
-4.9
-0.7

1969-81.... |
-Q2.... |
-Q3.... 1
-84.... 1

8.9
10.2
8.3
7.9

9.3
10.6
8.3
8.1

6.2
7.4
6.8
6.0

18.6
19.8
12.9
13.6

17.5
19.7
12.8
I3.7

12.1
13.4
6.8
7.6

1970-81.... |
“32.... I
“33.... |
-Q4.... 1

6.7
4.4
2.8
1.6

7.8
5.4
4.0
2.4

6.6
4.7
5.2
5.4

7. S
4.3
-3.6
-8.8

7. 1
3.6
-4.3
-9.4

0.8
-2.3
-9.5
-14.2

1971-Q1.... |
“Q2.... |
“33.... |
-34.... 1

4.9
4.8
4.5
9.4

2.9
3.6
3.0
8.9

5.2
7.0
7.2
7.3

-7.3
-11.0
-14.1
6.7

4.0
-2.1
-4.4
16.3

-0.8
-6.2
-8.4
12.4

1972-31.... 1
-32.... 1
-33.... |
-3«.... 1

9.2
14.1
16.5
17.8

9.7
15.4
18.3
19.6

8.4
8.6
10.7
13.5

17.1
39.5
46.6
38.2

11.5
32.4
38.0
31.2

7.7
28.3
33.9
26.9

36.2
39.1
50.6
42.9

19.8
24.7
30.7
26.3

63.4
58.3
82.9
66.8

54.9
70.7
98.3
87.9

48.5
61.7
85.8
73.4

29.2
6.3
-3.7
-3.5

23.3
10.0
4.3
4.6

30.6
-8.4
-24.1
-21.4

18.5
-18.7
-33. 1
-41.6

7.9
-26.5
-40.0
-48.0

-21.5
-1.5
7.7
-0.9

-2.7
7.2
9.4
6.4

-54.9
-18.8
6.4
-15.3

-38.3
-8.4
18.6
15.5

-44.5
-16.3
9.2
7.4

15.7
11.2
0.3
4. 1

8.3
11.0
9.1
9.6

46.2
10.8
-25.1
-14.5

9.1
-16.3
-40.0
-36.8

2.6
-21.0
-43. 1
-39.8

5.3
-4.5
-3.5
6.7

11.2
4.2
2.9
9.5

-12.1
-27.7
-20.7
19.6

-10.6
-10.0
0.6
50.3

-15.6
-15.7
-5.7
40.9

9.7
18.3
18.3
18.1

9.6
10.9
10.1
11.5

22.2
60.6
66.4
34.5

33.7
54.4
55.6
27.4

25.4
44.1
44.0
16.9

20.4
19.5
21.2
14.5

21.4
17.9
19.8
14.7

20.2
19.9
22.8
20.6

13.3
5.9
0.4
-14.5

21.3
18.0
15.2
-5.4

10.5
6.6
3. 1
-16. 1

5.0
0.3
3.0

6.3
3.7
9.3
7.7

11.6
12.1
11.7
10.2

-13.2
-28.7
0.0
-3.1

-19.2
-42.7
-30.0
-26.8

-29.3
-49.9
-38.0
-34.9

2.9

3.5

9.5

-21.7

-30.0

-37.1

28.8
1973-31.... 1
37.0
-32.... |
47.7
-Q3.... 1
43.1
-34.... 1
i
21.8
1974-31.... 1
0.4
-32.... i
-8.3
-33.... |
-12.0
-34.... 1
1
1975-31.... 1 -13.5
3.0
-32.... |
11.7
-33.... J
8.5
-34.... 1
1
8.5
1976-31.... »
4.4
-32.... |
-3.7
-33.... 1
-2. 1
-34.... 1
1
6.4
1977-31.... 1
1.4
-32.... I
2.5
-33.... I
16.2
-34.... |
1
14.0
1978-31.... 1
18.3
-32.... 1
17.4
- 3 3 ..... |
14.8
-34.... 1
1979-31.... 1
-32.... |
- 3 3 .... |
-34.... |
1
1980-31.... 1
-32.... |
- 3 3 .... |
-34.... 1
1
1981-31.... 1
1




3.3