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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