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AGRICULTURAL FINANCE
DATABOOK
August 1978
Monthly Series
Emanuel Melichar
Marian Sayre
Division of Research and Statistics
Board of Governors of the Federal Reserve System
Washington, D C. 20551
Not for general distribution. Inquiries should be addressed to the authors.
AUGUST 1978
AGRICULTURAL FINANCE DATABOOK—MONTHLY SERIES
SECTION
2UU. FARM LENDING OPERATIONS AND EXPERIENCE OF NONBANK INSTITUTIONS
210
PRODUCTION CRE DIT ASSOCIAT IONS. .
220
FEDERAL LAND BANKS
230
LIFE INSURANCE COMPANIES
300
.#
AGRICUlTUKAL BANKING D A T A . . . . .
RlCENT FEDERAL RESERVE PUBLICATIONS IN AGRICULTURAL FINANCE
OVERVIEW
Lending by Production Credit Associations picked up sharply i n June and July a f t e r an unusually slow
spring season (Table 212.1). At the end of J u l y , outstanding PCA loans were s t i l l only 4 per cent above
a year e a r l i e r (Table 211.1) but i f the accelerated pace of loan demand continues, year-over-year comparisons could r i s e s i g n i f i c a n t l y over the next few months.
1%%
sr.r r/sssas
Outstanding loans at Federal Land Banks are holding at about 15 per
cent
above a year e a r l i e r
growth i n outstandings has r e s u l t e d from the f a c t t h a t repayments have recently dropped below l a s t year s
pace (Tables 224.1 and 224.3).
increase of 4.1 per cent a t PCA*s on the same data.
tMt
5S53 S*SSt"|SS."5£ir
were r e l a t i v e l y small i n s t i t u t i o n s , as t h i s p r i v i l e g e i s designed to a s s i s t banks that have r e l a t i v e l y
large seasonality i n t h e i r deposits and loans (as i s common at banks i n a g r i c u l t u r a l areas), but that are
too-small to be able to r a i s e funds i n national money markets on a r e l i a b l e basis.
Most r u r a l banks remain i n t i g h t l i q u i d i t y p o s i t i o n s . Average loan/deposit r a t i o s at a g r i c u l t u r a l
banks i n the areas covered by Tables 311.3 and 312.3 now equal or exceed the unusually high r a t i o s of
l a s t summer.
AUGUST 1978
AGRICULTURAL FINANCE LATAtiOOK—MONTHLY SERIES
210
PRODUCTION LR6UIT ASSOCIATIONS (AGRICULTURAL LOANS, EXCEPT AS NOTED)
211
LOANS OUTSTANDING
211.1
211.2
212
ACTUAL
12-MONTH MOVING TOTAL
6
.....7
RENEWALS AND COLLECTIONS
213*1
213.3
SOURCE:
.4
3
-
LUAiMS MADE AND NEW LOANS
<12.1
212.3
213
ACTUAL
SEASONALLY ADJUSTEl>
ACTUAL
12-MONTH MOVING TOTAL
8
9
.
"PRODUCTION CREDIT ASSOC1ATIONS—SELECTED MONTHLY LOAN D A T A , "
TECHNICAL SERVICES D I V I S I O N , FARM CREDIT ADMINISTRATION.
DATA I N THIS SECTION ARE OBTAINED FROM TIMELY MONTHLY REPORTS WHICH ARE NOT
REVISED TO RtFLECT ANY SUBSEQUENT CHANGES OR CORRECTIONS.
I F ONLY YEAR-END
DATA ON OUTSTANDING LOAN VOLUME ARE REQUIRED, USE THE SERIES IN SECTION 100
OF THE AGRICULTURAL FINANCE DAT ABOOK—ANNUAL SERIES. NOVEMBER 1 9 7 7 .
DATA ON LOANS OUTSTANDING AND LOANS MADE DO NOT
FARM-RELATED BUSINESS LOANS, OR AQUATIC LOANS.
RENEWALS DO INCLUDE THESE LOANS; HOWEVER. THESE
ONLY 0 . 8 PER CENT OF TOTAL OUTSTANDING LOANS AT
INCLUDE RURAL HOME LOANS,
DATA ON COLLECTIONS AND
TYPES OF LOANS REPRESENTED
PCA «S AS OF DECEMBER 1 9 7 6 .
FOR A BRIEF DISCUSSION OF THE ANALYTICAL VALUE OF THESE DATA, SEE THE SECTION
ENTITLED "LENDING EXPERIENCE OF NONBANK INSTITUTIONS" I N "OVERALL MEASURES OF
FINANCIAL PERFORMANCE," BY EMANUEL MEL1CHAR, AGRICULTURAL FINANCE REVIEW,
FEBRUARY 1 9 7 7 , PP. 9 2 - 9 5 .
TABLE 2 1 1 . 1
PRODUCTION CREDIT ASSOCIATIONS
LOANS OUTSTANDING
(END OF MONTH)
BORROWERS
AMOUNT
M I L L I O N S OF DOLLARS
END
OF
MONTH
I
1
CHANGE FROM PREVIOUS I
1
YEAR
|
MONTH
|
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
I
1
THOUSANDS
YEAR
1976—JAN.••|
-FEB... |
—MAR.•.1
-APR... |
-MAY...|
—JUN...|
-JUL... i
-AUG...|
-SEP...I
-OCT...|
-NOV...j
-DEC. . . I
10711.1
10823.2
11117.2
11420.9
11706.7
12005.6
12190.8
12319.4
12321.4
12170.4
11980.8
12196.4
-30.4
112.0
294.0
303.7
285.8
298.9
185.1
128.6
2.0
-151.0
-189.6
215.6
|
|
I
I
|
I
|
|
|
1
|
|
1164.5
1079.6
1106.2
1190.9
1235.2
1302.8
1378.1
1510.7
1584.2
1599.8
1528.7
1454.8
|
|
1
|
|
1
|
i
I
|
1
|
-0.3
1.0
2.7
2.7
2.5
2.6
1.5
1.1
0.0
-1.2
-1.6
1.8
I
1
|
|
|
|
|
|
1
I
I
t
12.2
11.1
11.0
11.6
11.8
12.2
12.7
14.0
14.8
15.1
14.6
13.5
328.1
330.4
334.3
337.7
340.2
342.0
342.9
342.9
341.9
339.6
336.6
335.6
1977—JAN...|
—FEB...|
—MAR... |
— AP k * . . |
—MAY. . . t
-JUN...I
—JUL. • . |
-AUG...I
-SEP...1
—UC1•.. 1
-NOV... 1
-DEC. • . 1
12140.2
12272.9
12583.0
12929.3
13332.9
13748.9
14038.0
14132.5
14089.b
13788.7
13471.3
13454.3
-56.1
132.7
310.1
346.3
403.6
416.0
289.1
94.5
-42.7
-301.1
-317.4
-17.0
1429.1
1449.7
1465.8
1508.5
1626.2
1743.3
1847.2
1813.1
1768.4
1618.4
1490.5
1257.9
#
1
I
1
|
I
1
1
|
|
|
|
13.3
13.4
13.2
13.2
13.9
14.5
15.2
14.7
14.4
13.3
12.4
10.3
33 5 . 3
337.4
34 1 . 7
345.5
348.4
350.4
351.3
351.2
350.6
347.9
344.9
342.8
13233.3
13273.6
13426.8
13629.8
13909.1
14312.1
14651.5
-220.9
40.3
153.2
203.0
279.3
403.0
339.4
|
|
|
1
1
|
|
1
|
|
|
|
j
|
|
|
I
|
|
|
-0.5
1.1
2.5
2.6
3.1
3.1
2.1
0.7
—0.3
-2.1
-2.3
-0.1
1978—JAN...|
—FEb. . . I
—MAR . • . 1
-APK.. . |
-MAY...|
- J'JN . • • |
—JUL• • • 1
|
|
I
|
|
|
\
|
1
1
|
|
j
|
|
|
|
|
|
|
-1.6
0.3
1.2
1.5
2.0
2.9
2.4
I
1
I
|
|
|
|
9.0
8.2
6.7
5.4
4.3
4.1
4.4
341.2
341.7
343.7
346.2
348.0
349.3
350.5
1093.1
1000.7
843.8
700.5
576.2
563.2
613.5
I
AVERAGE S I Z E
1
PERCENTAGE 1
CHANGE
1
FROM
|
PREVIOUS 1
YEAR
1
-0.7
-0.2
0.2
0.9
0.9
1.0
1.2
1.4
1.6
1.9
2.1
2.1
|
|
|
t
1
i
I
I
1
|
I
I
1
2.2 |
2.1 I
2.2 1
2.3 |
2.4 |
2.5 I
2.4 I
2.4 |
2.5 |
2.4 |
2.4 |
2.1 |
j
1.8 |
1.3 1
0.6 1
0.2 t
-0.1 |
-0.3 |
-0.2 |
I PERCENTAGE
DOLLARS I
CHANGE
I
FROM
I PREVIOUS
I
YEAR
32646.
32761.
33250.
33815.
34415.
35106.
35552.
35926.
36036.
35837.
35591.
36338.
I
I
1
I
I
1
I
I
I
I
1
1
13.0
11.3
10.a
10.6
10.8
11.0
11.4
12.4
13.0
12.9
12.3
11.2
36207.
36373.
36828.
37424.
38266.
39233.
39961.
40237.
40189.
39637.
39064.
39253.
I
1
I
1
|
I
1
I
I
I
|
|
10.9
11.0
10.8
10.7
11.2
11.8
12.4
12.0
11.5
10.6
9.8
8.0
38788.
36850.
39067.
39366.
39971.
40971.
41806.
1
|
|
I
I
I
|
7.1
6.8
6.1
5.2
4.5
4.4
4.6
TABLE 2 1 1 . 2
PRODUCTION CREDIT ASSOCIATIONS
LOANS OUTSTANDING
SEASONALLY ADJUSTED DATA
(END OF MONTH)
AMOUNT
M I L L I O N S OF DOLLARS
END
OF
MONTH
1976-JAN...
-FEB...
—MAR. • e
-APR.. .
-MAY...
-JUN...
-JUL...
—AUG...
-SEP...
-OGT...
-NOV...
-DEC . . .
11056.6
11134.6
11262.6
11399.1
11508.0
11635.6
11789.1
11984.9
12113.4
12259.0
12351.4
12428.6
1977—JAN...
— FEB . . .
-MAR...
-APR...
-MAY...
-JUN.. .
-JUL . . .
-AUG...
-SEP...
-OC T . . .
-NOV...
-Dec...
32530.9
12633.6
12758.5
12917.3
13113.6
13331.6
13570.7
13737.5
13855.7
13889.9
13892.2
13716.7
19 7 8 - J A N . . .
— FE 6 . . .
-MAR . . .
-APk...
-MAY...
-JUN...
JU L . . .
l3658.7
13667.7
13619.9
13623.8
13684.1
,3881.0
14161.4
|
1
CHANGE FROM PREVIOUS|
1
MONTH
|
YEAR
|
111.1
78.0
128.0
136.4
108.9
127.7
153.5
195.8
133.5
140.7
92.4
77.1
I
|
|
|
|
|
I
|
|
|
1
|
j
102.4 |
102.7 |
124.9 |
158.8 1
196.4 i
217.9 |
239.2 I
166.8 |
118.2 |
34.2 |
2.2 1
-175.5 1
j
-58.0 |
9.0 |
-47.8 I
3.9 |
60.3 1
197.0 I
260.3 |
1209.0
1129.4
1145.7
1212.2
1230.7
1278.2
1322.5
1451.3
1543.6
1601.5
1568.8
1483.0
|
|
|
|
|
|
1
|
I
|
|
|
j
1474.3 |
1499.0 |
1495.9 1
1516.2 I
1605.7 |
1696.0 |
1781.6 |
1752.6 |
1737.4 |
1630.9 |
1540.7 |
1288.1 |
|
1127.8 |
1034.2 I
861.4 1
706.5 |
5 70.5 |
549.5 1
590.6 |
|
I
1
PERCENTAGE!
| THOUSANDS
CHANGE
i
FROM
I
1
|
PREVIOUS \
1
YEAR
I
i
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
|
1
YEAR
BORROWERS
1.0
0.7
1.1
1.2
1.0
1.1
1.3
1.7
1.1
1.2
0.8
0.6
|
I
|
}
t
1
|
|
}
|
1
|
12.3
11.3
11.3
11.9
12.0
12.3
12.6
13.8
14.6
15.0
14.5
13.5
|
I
|
|
|
|
|
|
1
I
1
1
334.8
334.8
335.1
335.6
336.3
336.9
337.7
338.5
339.1
340.3
341.5
341.4
-0.7
-0.1
0.3
1.0
1.0
1.1
1.3
1.4
1.6
1.9
2.0
2.1
0.8
0.8
1.0
1.2
1.5
1.7
1.8
1.2
0.9
0.2
0.0
-1.3
1
|
|
1
|
|
|
|
|
|
|
|
i
13.3
13.5
13.3
13.3
14.0
14.6
15.1
14.6
14.3
13.3
12.5
10.4
|
I
|
1
|
1
1
1
|
|
|
|
342.1
342.0
342.6
343.4
344.6
345.3
346.1
346.8
347.9
348.6
349.8
348.7
2.2
2.1
2.2
2.3
2.5
2.5
2.5
2.4
2.6
2.4
2.4
2.1
-0.4
0.1
-0.3
0.0
0.4
1.4
2.0
I
I
1
|
t
1
|
9.0
8.2
6.8
5.5
4.4
4.1
4.4
|
I
|
|
1
I
|
348.0
346.3
344.6
344.1
344.2
344.3
345.3
1.7
1.3
0.6
0.2
-0.1
-0.3
-0.2
|
|
|
1
I
1
1
1
1
t
i
|
1
!
|
i
t
1
!
1
!
!
1
I
1
1
|
|
|
|
1
1
1
AVERAGE S I Z E
DOLLARS
PERCENTAGE
CHANGE
FROM
PREVIOUS
YEAR
33023.
33256.
33605.
33965.
34218.
34540.
34911.
35401.
35735.
36019.
36172.
36401.
13.1
11.4
11.0
10.8
10.9
11.1
11.2
12.2
12.8
12.9
12.3
11.2
36634.
36945.
37246.
37620.
38057.
38606.
39215.
39608.
39832.
39840.
39712.
39331.
10.9
11.1
10.8
10.8
11.2
11.8
12.3
11.9
11.5
10.6
9.8
8.0
39250.
39472.
39522.
39588.
39757.
40319.
41012.
7.1
6.8
6.1
5.2
4.5
4.4
4.6
TABLE 2 1 2 , 1
PRODUCTION CREDIT ASSOCIATIONS
LOANS MADE AND NEW LOANS
LOANS MADE
MILLIONS 1
OF
i
DOLLARS 1
1
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
YEAR
AS PERCENTAGE OF
LOANS OUT—|
STANDING*I
COLLECTIONS
MILLIONS 1
OF
|
DOLLARS i
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
|
YEAR
AS PERCENTAGE OF
LOANS OUTSTANDING*
9.6
8.3
I
1
I
1
1
I
I
|
I
I
1
I
13.6
12.8
32.6
18.3
12.3
19.1
3.6
20.1
9.9
-2.0
24.5
6.2
16.7
14.9
17.9
15.4
12.4
12.3
9.8
9.7
9.5
9.8
12.2
17.9
1
|
|
|
|
1
I
*
|
|
1
1
169.0
205.4
221.6
206.3
193.3
173.6
162 . 8
153.0
131.0
114.8
122.7
189.0
1030.5
887.3
1170.0
1139.1
1021.3
1129.6
911.9
896.1
895.6
904.2
1025.0
1358.7
|
1
|
|
1
|
|
I
|
|
I
|
-21.6
-13.9
31.9
-2.6
-10.3
10.6
-19.3
-1.7
-0.1
1.0
13.4
32.6
|
|
|
|
I
1
|
|
I
I
1
I
10.2
10.9
39.5
23.3
16.4
21.9
6.4
21.8
10.6
-0.8
25.4
3.4
I
I
I
I
|
I
1
I
1
1
|
1
I
-5.7 1
-6.9 I
26.3 |
—16.0 |
-5.8 1
-6.4 1
— 13.6 I
10.0
14.8
13.7
9.3
17.0
12.3
9.7
8.8
9.9
9.5
3.9
1.5
16.2 i
15.1 |
17.9 I
14.9 |
12.8 1
12.1 I
9.4 |
9.1 |
9.1 I
9.4 1
11.2 1
16.2 |
167.9
209.0
218.7
216.7
206.3
198.5
181.5
144.9
125.5
103.5
112.6
160.6
1122.1
1007.5
1309.9
1211.3
1203.5
1227.3
1000.6
979.2
961.8
996.9
1052.6
1345.0
|
I
|
|
|
|
i
1
|
|
I
|
-17.4
-10.2
30.0
-7.5
-0.6
2.0
-18.5
-2.1
-1.8
3.9
5.4
27.8
8.9
13.5
12.0
6.3
17.8
8.6
9.7
9.3
7.4
10.5
2.7
-1.0
9.2
8.3
10.7
9.6
9.3
9.2
7.3
7.0
4.1
4.5
9.9
8.2
15.6
10.7
19.5
15.3
14.4
18.2
15.1
14.0
12.9
10.8
146.5
190.9
190.8
187.5
174.0
176.4
174.8
1176.5
1040.3
1447.3
1285.2
1374.3
1408.7
1217.5
1
|
|
|
1
|
|
-12.5
-11.6
39.1
-11.2
6.9
2.5
-13.6
|
|
I
|
|
I
!
|
I
I
|
|
j
|
I
$
|
I
|
I
4.8
3.3
10.5
6.1
14.2
14.8
21.7
8.7
7.9
10.9
9.6
1976-JAN...
-FEB...
-HA k • . •
-APR.. .
-MAY. . .
-JUN . . .
— JUL • • •
— AUG.. .
-SEP...
-OCT,..
-NOV...
-DEC...
1794.6 I
1594.0 |
19J2.3 |
1714.3 I
1412.4 |
1438.6 |
117 7 . 3 1
1178.1 1
1168.5 |
1210.5 |
1487.8 |
2146.9 1
-11.2
-11.2
21.2
-11.3
—17.6
1.9
-18.2
0.1
-0.8
3.6
22.9
44.3
1977-JAN...
-FEb...
—MAR...
— APR. • #
-MAY...
-JUN.. .
—J U L . . .
-AUG...
-SEP...
-OCT...
-NOV...
-DEC...
1973.7
1830.1
2196.2
1874.2
1652.2
1614.8
1292.0
1281.2
1284.4
1325.8
1545.4
2179.1
—8.1
-7.3
20.0
-14.7
-11.8
-2.3
-20.0
—0 • 8
0.2
3.2
16.6
41.0
197b-JAN...
—F E B . . .
-MAR...
-APR...
-MAY...
—JUN..•
—JUL . . .
2054.0
1911.d
2414.1
2027.6
1909.4
1788.1
1544.2
|
1
1
|
1
I
I
I
|
1
|
1
1
|
I
|
|
|
|
|
1
NEW LOANS
I
|
|
|
|
|
}
10.8
10.2
8.9
9.6
7.6
7.4
7.-3
7.3
8.4
11.3
6.8
7.1
7.6
10.0
10.1
10.1
8.5
OUTSTANDING LOANS AT END OF PRECEDING MONTH.
•NEW LOANS" ARE COMPUTED AS LOANS MADE LESS RENEWALS. RENEWALS INCLUDE SOME NONAGRICULTURAL LOANS (SEE NOTE ON PAGE 3 1 .
T AbLt: 1 1 2 . 3
PRODUCTION CREDIT ASSOCIATIONS
LOANS MADE AND NEW LOANS
TWELVE-MONTH MOVING TOTAL
LOANS MADE
MILLIONS
OF
DOLLARS
1976-JAN.•. |
-FEB...!
—MAR. . . |
-APR...j
-MAY...|
-JUN... 1
— JUL. . . |
—AUG...1
-SEP... |
-OCT... |
-NOV... |
-DEC... |
16211.7
16393.2
16868.2
17133.2
17288.0
17519.0
17 5 6 0 . 0
17757.2
17862.2
17637.4
18129.6
18255.5
1977— JAN . . . |
-FEB... |
-MAR... |
-APR... }
-MAY...I
-JUN... |
-JUL... |
'-AUG . . . |
-SEP...|
-OCT...|
-NOV...|
-DEC...|
18434.4
18670.5
18934.5
19094.4
19334.2
19510.4
19625.1
19728.3
19844.1
19959.4
20017.1
20049.3
197 8 — J A N . . . |
-FEB...1
—MAR...|
-APR . . . |
-MAY...|
-JUN...|
—JUL...|
20129.b
20211.1
20428.9
20562.3
20839.5
21012.8
21264.9
|
|
|
I
|
I
|
|
I
|
|
|
|
|
|
|
j
|
I
|
j
|
|
I
|
1
|
|
|
j
I
|
|
|
|
|
}
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
|
YEAR
NcW LOANS
AS PERCI
LOANS OUTSTANDING*
MILLIONS
OF
PERCENTAGE CHANGE
FROM PREVIOUS
COLLECTIONS
DOLLARS
167.6
166.5
166.3
166.8
10843.6
10930.9
11261.9
11477.1
11621.1
11824.0
11876.8
12039.0
12124.5
12117.2
12324.7
12369.3
3.0
1.9
1.3
1.7
0.5
1 .3
0.7
—0. 1
1.7
0.4
12460.9
0.7
MONTH
1.3 |
1.1 |
2.9 |
1.6 |
0.9 |
1.3 |
0.2 |
1.1 1
0.6 |
-0.1 |
1.6 |
0.7 |
j
1.0 |
1.3 |
1.4 i
0.8 |
1.3 |
0.9 |
0.6 |
0.5 i
0.6 |
0.6 |
0.3 |
0.2 i
12.2
12.1
14.4
15.0
15.2
14.8
14.5
15.8
15.4
14.5
15.9
14.1
155.8
156.1
159.3
160.4
160.4
161.0
159.7
159.9
159.0
156.9
157.7
157.0
166.7
167.6
169.0
169.9
170.0
168.3
167.7
13.7
13.9
12.2
11.4
11.8
11.4
11.8
11.1
11.1
11.9
10.4
9.8
156.9
157.3
158.0
157.7
158.0
157.7
156.8
155.7
154.8
153.9
152.8
151.6
167.6
168.2
168.5
169.5
170.5
172.3
173.5
172.7
171.7
169.4
167.6
164.8
12720.9
12793.0
12975.2
13072.9
13161.6
13244.7
13310.9
13405.7
13433.3
13419.6
0.4 I
0.4 |
1.1 1
0.8 |
1.2 |
0.8 }
1.2 |
9.2
8.3
7.9
7.8
7.8
7.7
8.4
151.0
150.6
151.3
151.6
152.8
153.6
154.9
162.5
161.5
159.9
158.4
156.8
155.8
155.6
13474.0
13506.8
13644.2
13718.1
13888.9
14070.3
14287.2
166.8
12581.0
0.9
0.8
1.0
1.1
0.6
1.4
0.8
0.7
0.6
0.5
0.7
0.2
-0.1
0.4
0.2
1.0
0.5
1.2
1.3
1.5
|
YEAR
8.7
9.1
12.6
14.4
15.6
15.5
15.4
17.2
16.9
15.8
17.1
15.1
14.9
15.1
13.0
11.5
11.7
10.6
10.8
10.0
9.8
10.6
9.0
8.5
8.1
7.4
7.3
7.2
7.0
7.6
8.6
AS PERCENTAGE OF
LOANS OUTSTANDING*
104.2
104*. 1
106.4
107.4
107.8
106.6
108.1
108.4
107.9
106.6
107.2
106.4
106.1
106.0
106.1
105.6
106.1
105.7
105.2
104.5
103.8
103.4
102.5
101.5
101.1
100.6
101.0
101.0
101.9
102.8
104.1
AVERAGE OUTSTANDING LOANS DURING THE PRECEDING 12 MONTHS (AVERAGE OF END-OF-MONTH DATA),
"NEW LOANS" ARE COMPUTED AS LOANS MADE LESS RENEWALS. RENEWALS INCLUDE SOME NONAGRXCULTURAL LOANS (SEE NOTE ON PAGE 3 ) .
TAbLE 2 1 3 . 1
PRODUCTION CREDIT ASSOCIATIONS
RENEWALS AND COLLECTIONS
RENEWALS
MILLIONS |
OF
|
DOLLARS I
1
1976-JAN.,.
-FEB...
—MAR . . .
-APR . . .
-MAY...
-JUN...
—JU L . . .
-AUG...
-SEP...
-OCT . . .
-NOV...
—DEC . »
1977-JAN...
—FEB . . .
-MAR...
-APR...
-MAY...
-JUN...
-JUL...
-AUG...
—i t P . • .
-OCT.. .
-NOV...
-DEC « . . .
197 £ — J A N • . .
-FEB . . .
•"MAR . . .
-APR...
—MAY . . .
-JUN•••
-JUL...
764.3
706-7
762.2
575.2
391.1
309.0
265.4
282.0
273.0
306.4
462.8
788.3
1
|
I
1
|
|
|
|
|
|
|
I
j
851.6 |
822.7 1
686.4 |
662.9 |
448.7 1
367.6 |
291.4 |
302.1 1
322.6 I
326.9 |
492.8 1
834.2 I
j
877.5 1
871.4 |
966.7 |
742.5 I
535.1 I
379.4 |
3*6.6 |
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
8.1
-7.5
7.9
-24.5
-32.0
-21.0
-14.1
6.2
-3.2
12.2
51.1
70.3
8.0
-3.4
7.7
-25.2
-32.3
-13.6
-24.8
3.7
6.8
1.3
50.6
69.3
5.2
-0.7
10.9
-23.2
-27.9
-29.1
-13.9
|
|
|
|
|
|
|
|
(
|
I
1
1
|
|
|
|
1
j
|
|
1
|
I
I
|
1
|
1
}
|
|
|
|
YEAR
1
COLLECTIONS
AS PERCENTAGE OF
ILOANS OUT1 STANDING*
LOANS
MADE
I MILLIONS |
OF
|
COLLECT. &|
DOLLARS |
RENEWALS I
MONTH
|
YEAR
1 AS PERCENTAGE OF
1 LOANS OUTj STANDING*
18.5
15.4
23.3
9.5
2.8
10.0
- 4 .9
15.1
7.7
- 5 .4
22.5
11.5
1
j
I
1
I
i
I
I
I
1
1
1
7.1
6.6
7.0
5.2
3.4
2.6
2.2
2.3
2.2
2.5
3.6
6.6
42.6
44.3
39.4
33.6
27.7
21.5
22.5
23.9
23.4
25.3
31.1
36.7
41.8
47.7
46.7
40.9
34.9
27.2
26.8
26.8
23.4
22.5
27.6
41.0
|
|
|
|
|
|
|
|
|
|
1
|
1062.2 |
775.9 |
871.3 |
831.2 1
730.7 I
828.5 |
723.4 |
769.8 |
892.2 1
1054.8 |
1212.4 1
1135.8 |
4.3
-27.0
12.3
-4.6
-12.1
13.4
-12.7
6.4
15.9
18.2
14.9
-6.3
|
|
|
|
|
|
I
|
|
1
|
|
18.9
28.6
52.1
18.7
15.0
20.8
-4.4
4.2
0.9
-2.0
29.6
11.5
1
1
1
1
1
1
1
I
1
1
1
1
9.9
7.2
8.1
7.5
6.4
7.1
6.0
6.3
7.2
8.6
10.0
9.5
11.4
16.4
16.3
15.2
14.7
25.4
9.8
7.1
18.2
6.7
6.5
5.8
I
t
1
1
1
1
I
1
1
1
1
1
7.0
6.8
7.2
5.3
3.5
2.9
2.1
2.2
2.3
2.3
3.6
6.2
43.1
45.0
40.4
35.4
27.2
24.0
22.6
23.6
25.1
24.7
31.9
38.3
42.0
4b.4
46.9
43.4
35.9
32.3
29.0
25.5
24.0
20.3
26.4
38.1
|
|
|
1
|
|
|
|
|
|
j
I
1175.3
875.5
1004.4
865.0
800.8
813.7
711.8
684.4
1023.3
1281.0
1372.0
1356.7
I
|
1
1
j
|
1
|
|
|
|
|
3.5
-25.5
14.7
-13.9
-7.4
1.6
-12.5
24.3
15.7
25.2
7.1
-1.1
10.6
12.8
15.3
4.1
9.6
— 1.8
— 1.6
14.9
14.7
21.4
13.2
19.5
1
1
1
1
1
1
I
1
1
1
1
I
9.6
7.2
8.2
6.9
6.2
6.1
5.2
6.3
7.2
9.1
9.9
10.1
3.0
5.9
9.1
12.0
19.3
-2.1
12.1
1
1
1
1
1
1
I
6.5
6.6
7.3
5.5
3.9
2.7
2.3
42.7
45 . 6
40.0
36.6
28.0
21.2
21.2
38.5
46.5
43.3
40.7
32.8
27.2
27.0
I
|
|
1
1
|
|
1402.0
1001.5
1265.1
1081.4
1097.5
1014.0
883.2
|
|
|
|
|
I
|
3.3
-28.6
26.3
-14.5
1.5
-7.6
-12.9
|
|
1
|
1
1
1
|
I
|
I
|
1
1
1
|
|
#
|
|
19.3
14.4
26.0
25.0
37.0
24.6
24.1
1
1
1
1
1
1
1
10.4
7.6
9.5
8.1
8.1
7.3
6.2
* OUTSTANDING LOANS AT END OF PRECEDING MONTH.
RENEWALS AND CLLLECTIONS INCLUDE SOME NONAGRICULTURAL LOANS (SEE NOTE ON PAGE 3 ) .
PERCENTAGE CHANGE
FROM PREVIOUS
TABLE 2 1 3 . 3
PRODUCTION CREDIT ASSOCIATIONS
RENEWALS AND COLLECTIONS
TWELVE-MONTH MOVING TOTAL
RENEWALS
MILLIONS |
OF
|
DOLLARS |
1
*
1976—JAN.•.
-FEB*•.
—MAR * • •
—APR*••
-MAY...
—JUN..*
-JUL*..
-AUG...
-SEP...
-OCT...
-NOV...
-DEC...
5368.1
5462.3
5606.3
5656.1
5666.9
5695.0
5681.2
5718.3
5737.7
5720.3
5805.1
5886.3
197 7 - J A N . . .
—FEB...
-MAR...
-APR..*
-MA Y . . .
—JUN...
— JUL . . .
-AUG...
-SEP...
-OCT...
-NOV...
—DE C . . .
5973.6
6089.5
6213.6
6301.4
6358.9
6437.5
6463.5
6463.6
6533.2
6553.8
6563.8
6629.7
19 7b — J A N • . .
-FEB...
-MAR...
—APR.*,
—MA Y . . ,
-JUN...
-JUL...
6655.6
6704.3
6784.7
6664.2
6950.6
6942.5
6977.7
|
|
I
|
|
\
1
|
1
1
|
|
|
I
|
|
|
1
|
|
|
|
|
|
|
|
1
I
|
|
|
I
1
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
2.3
1.8
2.6
0*9
0.2
0.5
—0.2
0.7
0.3
—0.3
1.5
1.4
1.5
1.9
2.0
1.4
0.9
1.2
0*4
0*3
0.8
0*3
0*5
0*7
0*4
0*7
1.2
1.2
1.3
-0.1
0.5
|
|
|
|
1
|
i
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
\
j
1
1
1
|
1
1
|
YEAR
COLLECTIONS
AS PERCENTAGE OF
LOANS OUTSTANDING*
LOANS
MADE
| MILLIONS
OF
COLLECT* &|
DOLLARS
RENEWALS |
f
1
|
MONTH
20.1
18.6
18.2
16.2
14.4
13.5
12.6
12.7
12*6
11*8
13*4
12*1
51*6
52.0
52.9
53.0
52.6
52.3
51.7
51.5
51.1
50.3
50.5
50.6
33.1
33.3
33*2
33.0
32.8
32.5
32.4
32.2
32.1
32.1
32.0
32.2
35*7 I
35.7 |
35.6 |
35.5 |
35.3 1
35.1 |
35.2 |
35.2 I
35.3 |
35.3 |
35.0 |
35*1 |
9670.4 !
9643.1 i
10141.5 1
10272.2 |
10367.2 |
10509.8 |
10476.7 |
10507.8 |
10516.1 i
10494.3 t
10771.0 |
10888.2 I
11*3
11.5
10*8
11*4
12*2
13*0
13*8
13*4
13*9
14.6
13.4
12.6
50.9
51.3
51.6
52.0
52.0
52.0
51.6
51.2
51.0
50.5
50.2
50.1
32.4
32.6
32.8
33.0
32.9
33.0
32.9
32.9
32.9
32.8
32.9
33.1
35.2 I
35*4 |
35*6 |
35.9 i
35.9 |
36.2 i
36.4 |
36.2 1
36.1 |
35.7 1
35*5 |
35*3 |
11001.2
11100.8
11233.9
11267.7
11337.8
11323.1
11311.5
11426.1
11557.3
11763.4
11942.9
12163.9
i
|
|
|
|
|
|
|
|
|
I
|
11.4
10.1
9.2
8.9
9.3
7.8
8.0
49.9
49.9
50.2
50.6
51.0
50.7
5 0 . ti
33.1
33.2
33*2
33.4
33.4
33*0
32*8
34.9
34.9
34.7
34.6
34.3
34.0
33.8
12390.6
12516.7
12777*4
12993*9
13290.6
13490.8
13662.2
1
I
|
|
|
I
I
|
1
|
|
|
I
|
AVERAGE OUTSTANDING LOANS DURING THE PRECEDING 12 MONTHS (AVERAGE OF ENO-OF-MONTH DATA).
RENEWALS AND COLLECTIONS INCLUDE SOME NONAGRICULTURAL LOANS (SEE NOTE ON PAGE 3 ) .
PERCENTAGE CHANGE
FROM PREVIOUS
|
1.8 |
1.8 |
3.0 |
1.3 |
0.9 |
1.4 1
-0.3 I
0.3 |
0.1 |
-0.2 |
2.6 1
1.1 |
1
1.0 1
0.9 |
1.2 |
0.3 |
0.6 |
-0.1 |
-0.1 1
1.0 |
1.1 |
2.0 |
1.4 I
1.8 |
1
1.9 |
1.0 1
2.1 I
1.7 I
2.3 I
1.5 |
1.3 1
YEAR
AS PERCENTAGE OF
LOANS OUTSTANDING*
18.4
20.4
24.6
24.6
24.2,
22.7
20.2
19.2
16.1
14.0
15.8
14.6
93.0
93.7
95.8
96.2
96.2
96.6
95.3
94.6
93.6
92.3
93.7
93*7
13.6
12.8
10.8
9.7
9.4
7.7
8.0
8.7
9.9
12.3
10.9
11.7
93.7
93.6
93.7
93.1
92.7
91.5
90.4
90.2
90.1
90.9
91.1
92.0
12.6
12.6
13.7
15.3
17.2
19.1
20.8
92.9
93.2
94*6
95.7
97*5
98*6
99.5
AGRICULTURAL
F-1 N A N C E
22u
LAND
FEDEKAL
221
LOANS
22 1 . 1
C22
LUANS
224
SOURCE:
1978
LOANS)
11
CLOSED
MUNEY
MOVING
12
13
TOTAL
LOANED
ACTUAL
12-MONTH
REFINANCING
224.1
224.3
(AGRICULTURAL
AUGUST
OUTSTANDING
ACTUAL
12-MONTH
NLTI
223.1
223.3
BANKS
SERIES
ACTUAL
*22.1
222.3
223
DATABQOK—MONTHLY
ACTUAL
LT-MONTH
.
MOVING
AND
14
15
TOTAL
REPAYMENTS
MOVING
16
17
TOTAL
"FEOCKAL LAND BANKS—SUMMARY
TECHNICAL SERVICES D I V I S I O N ,
OF S E L E C T E D
FARM C R E D I T
MONTHLY LOAN D A T A , "
ADMINISTRATION.
D A T A I N T H I S S E C T I O N A R E O B T A I N E D FROM T I M E L Y M O N T H L Y R E P O R T S W H I C H A R E N O T
R E V 1 S T D TO R E F L E C T A N Y S U B S E Q U E N T C H A N G E S OR C O R R E C T I O N S .
I F ONLY Y E A R - E N D
D A T A O N O U T S T A N D I N G L O A N VOLUME: A R E R E Q U I R E D , U S E T H E S E R I E S I N S E C T I O N 1 0 0
OF T H E A G R I C U L T U R A L F I N A N C E D A T A B Q O K — A N N U A L ^ E R I E S . NOVEMBER 1 9 7 7 .
TABLE 2 2 1 . 1
FEDERAL LAND BANKS
LOANS OUTSTANDING
(END OF MONTH)
AMOUNT
NUMBER
M I L L I O N S OF DOLLARS
uUTS iANuING
I
1
CHANGE FROM PRcVlOUSl
I
YEAR
|
MONTH
I
MONTH
|
1
THOUSANDS
YEAR
PERCENTAGE I
CHANGE
I
FROM LAST)
YEAR
|
I
I
I
|
1
1
|
|
|
I
I
|
I
1
1
2502.8 1
2552.3 |
2631.0 |
2678.8 1
2757.3 |
2787.0 1
2816.1 |
2851.8 |
2691.5 |
2909.3 |
2938.0 I
2940.7 1
1.1
1.1
2.0
1.5
1.3
1.4
1.3
1.0
1.0
0.9
1.0
1.1
I
1
I
|
I
|
1
I
|
1
i
1
18.6
17.9
17.8
17.3
16.8
16.5
16.4
16.1
15.9
15.5
15.7
15.7
443.2
443.7
445.1
446.0
447.0
448.2
449.0
449.9
450.4
450.7
450.6
450.8
3.1
2.8
2.7
2.5
2 .3
2.2
2.1
2.0
1.9
1.9
1.8
1.8
166.5
229.2
409.0
294.2
291.8
273.4
2 50.6
217.2
215.7
163.3
201.2
206.6
|
|
|
|
|
1
1
|
|
|
I
|
1
1
1
I
|
|
|
I
|
|
1
|
|
I
0.9
1.2
2.2
1.5
1.5
1.4
1.2
1.1
1.0
0.9
1.0
1.0
|
1
I
I
|
1
|
1
|
|
|
I
15.5
15.6
15.6
15.8
16.1
16.0
16.0
16.0
16.1
16.0
16.0
15.9
450.9
45 1 . 5
452.9
453.8
454.8
456.0
457.0
457.8
458.6
459.1
459.3
459.5
1.7
1.8
1.8
1.8
1.7
1.8
1.8
1.8
1.8
1.9
1.9
1.9
207.3
223.5
338.4
246.6
326.0
324.0
263.9
|
|
i
|
|
I
|
2979.5
2973.8
2903.3
28 5 5 . 7
2889.9
2940.4
2953.7
1.0
1.0
1.5
1.1
1.4
1.4
1.1
|
I
1
1
|
|
1
15.9
15.7
15.0
14.6
14.5
14.6
14.5
459.8
460.4
461.3
461.8
463.1
464.6
465.8
2.0
2.0
1.9
1.8
1.8
1.9
1.9
197 6 - J A N . . .
—FEB...
—M A R . . .
—AP K • . .
-MAY.. .
—JUN...
— JU L * * *
—AUG...
-SEP...
— UC T . . e
-NO V . . .
— DEC• • •
161e9. 9
16 3 u 9 . o
1669V.9
1O94O.2
17 15)9.6
17403.2
1 7 62 2' . 7
17606.2
1 7 ^ . 2
16147.7
16320.3
18524.2
176.1
179.7
330.3
246.4
213.3
243.6
219.5
183.5
176.0
165.5
172.6
203.9
19 7 7 — J A N . . .
-FEB...
-MAR...
-APR...
-MAY...
—JUN...
-JUL . . .
—AUG...
-SEP...
-OCT.. .
-NOV...
-DEC...
16692.7
16921.9
19330.6
19625.0
19916.6
20190.2
20440.8
20656.0
20873.7
21057.0
21258.2
21464.9
1976—JAN...
—FEB...
-MAR...
^ AP R . . .
-MAY...
-JUN...
-JUL...
21672.2
21895.7
22234.1
22460.7
22606.7
23130.7
23394.6
PERCENTAGE CHANGE
FROM PREVIOUS
1
2533.7
2469.9
2520.7
2505.2
2466.7
2464.9
2477.9
2473.6
2464.3
2436.0
2463.1
2510.4
I
|
I
I
|
I
|
I
1
I
|
{
I
I
|
I
|
f
|
1
|
I
|
|
1
{
|
I
|
|
1
|
j
|
|
I
1
|
|
|
AVERAGE SIZE
I
l
I PERCENTAGE I
CHANGE
1
DOLLARS |
1 FROM LAST!
|
YEAR
I
1
1
36533.
36695.
37522.
37998.
38389.
38832.
39246.
39561.
39924.
40267.
40662.
41088.
41457.
41909.
42684.
43243.
43792.
44273.
44732.
45124.
45519.
45868.
46289.
46711.
47136.
47559.
48193.
48680.
49247.
49787.
50225.
1
1
1
I
1
1
1
1
I
I
I
1
i
1
I
\
|
1
1
1
I
I
I
I
1
I
I
I
1
1
1
1
I
15.0
14,7
14.7
14.5
14.2
14.0
14.0
13.8
13.7
13.4
13.6
13.6
13.5
13.6
13.6
13.8
14.1
14.0
14.0
14.0
14.0
13.9
13.6
13.7
13.7
13.5
12.9
12.6
12.5
12.5
12.3
1
1
|
|
(
i
|
I
1
|
I
1
|
1
I
1
I
1
I
I
|
1
(
|
|
|
|
|
|
t
|
|
1
11
TABLE 2 2 2 . 1
FEDERAL LAND BAI
LOANS CLOSED
AMOUNT
MILLIONS |
OF
\
DOLLARS 1
*
NUMBER
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
|
THOUSANDS
YEAR
|
PERCENTAGE!
CHANGE
1
FROM LAST!
YEAR
|
AVERAGE SIZE
AS PERCENTAGE OF
(PERCENTAGE!
LOANS
1
OUT|
DOLLARS 1 CHANGE
I
1 FROM LAST* STANDING*|
*
YEAR
1
1
REPAYMENTS
197 6 — J A N * • .
-FEB...
-MAR...
-APR...
-MAY...
—JUN...
-JUL...
-AUG...
-SEP...
—OC T • • •
-NOV...
-DEC * . .
392.9
346.8
527.6
436.4
363.7
405.0
367.1
320.7
323.2
313.6
350.6
437.6
1
|
|
|
1
|
|
I
1
1
|
|
4.8 1
-11.7 1
52.1 I
-17.3 |
-16.7 |
11.4 |
-9.4 |
-12.6 |
0.8 1
-3.0 |
11.8 |
24.8 |
-1.3
-0.1
20.1
10.0
-4.1
8.7
10.9
11.2
4.1
-1.9
33.7
16.7
4816.
4467.
6377.
5377.
4879.
5175.
4457.
4366.
4167.
4098.
4465.
5047.
-13.3
-12.6
11.2
-2.6
-8.3
0.9
—6.2
9.0
—3.0
-7.1
20.0
1.0
!
1
|
|
1
1
j
I
j
I
!
I
81586.
77645.
82736.
81166.
74546.
78265.
82357.
73457.
77572.
76534.
78511.
86699.
1
1
1
1
1
1
1
i
1
1
1
1
13.8
14.3
8.0
13.0
4.6
7.7
18.3
2.0
7.3
5.7
11.4
15.6
|
I
j
|
!
1
!
|
|
t
!
1
2.5 i
2.1 |
3.2 i
2.6 1
2.1 |
2.4 1
2.1 |
1.8 1
1.8 |
1.7 |
1.9 |
2.4 !
263.8
337.4
478.0
432.2
449.2
502.8
466.1
442.0
407.4
381.7
330.2
309.2
1977—JAN . . .
-FEB...
—MAR...
-APR...
-MAY...
—JON . . .
—JU L . . .
-AUG...
-SEP...
—OC T . . .
-NOV...
—DEC . . .
463.7
429.5
679.0
521.3
518.3
506.0
492.2
402.9
379.8
358.6
418.9
448.9
|
1
1
I
|
i
1
|
|
|
1
|
6.0
-7.4
56.1
-23.2
—0.6
-2.4
-2.7
-18.2
-5.7
-5.6
16.8
7.2
18.0
23.8
28.7
19.4
42.5
24.9
34.1
25.6
17.5
14.4
19.5
2.6
4930.
4719.
6801.
5627.
5806.
5868.
4784.
4808.
4457.
4361.
4846.
5003.
2.4
5.6
6.6
4.6
19.0
13.4
7.3
10.1
7.0
6.4
8.5
-0.9
|
i
j
I
1
1
|
1
1
!
1
|
94058.
91013.
99833.
92640.
89273.
86233.
102888.
83792.
85203.
82240.
86442.
89729.
1
1
1
1
I
1
1
1
I
1
1
!
15.3
17.2
20.7
14.1
19.8
10.2
24.9
14.1
9.8
7.5
10.1
3.5
!
!
I
!
1
|
|
1
!
|
I
|
2.5
2.3
3.6
2.7
2.6
2.5
2.4
2.0
1.8
1.7
2.0
2.1
1
|
|
|
|
|
|
|
|
|
I
1
223.4
367.1
475.2
475.5
457.7
403.8
374.2
435.2
516.3
389.3
340.3
301.0
197L —JAN. . .
-FEB...
-MAR . . .
—APR • • •
-MAY...
- JUN••.
- JUL . . .
502.7
433.0
618.9
492.1
570.7
559.7
4ol.9
1
|
|
1
I
|
|
12.0
-13.9
42.9
-20.5
16.0
-1.9
-17.5
8.4
0.8
—8 .8
-5.6
10.1
10.6
-6.2
4919.
4495.
5899.
4908.
5874.
5898.
4848.
-0.2
-4.7
-13.3
-12.8
1.2
0.5
1.3
|
1
1
1
!
|
|
102187.
96334.
104921.
100255.
97164.
94900.
95272.
1
1
1
1
1
1
1
8.6
5.8
5.1
8.2
8.8
10.1
-7.4
t
1
I
|
|
1
!
2.3
2.0
2.8
2.2
2.5
2.5
2.0
|
|
1
|
|
i
I
248.9
360.2
406.3
380.8
447.4
473.0
453.3
|
I
1
I
|
|
|
1
1
|
|
|
j
1
1
|
1
|
|
|
OUTSTANDING LOANS AT END OF PRECEDING MONTH.
TABLE 2 2 2 . 3
FEDERAL LAND BANKS
LOANS CLOSED
TWELVE-MONTH MOVING TOTAL
AMOUNT
MILLIONS
OF
DOLLARS
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
197B-JAN*
—FEB.
-MAR.
-APR.
-MAY.
-JUN.
-JUL.
-AUG.
-SEP.
-OCT.
-NOV.
-DEC.
4214.4
4214.2
4302.4
4342.1
4326.7
4359.2
4395.3
44^7.6
4440.2
4434.2
4522.5
4585.3
1977—JA N.
-FEB.
-MAR.
-APR.
—MAY .
-JUN.
-JUL.
-AUG .
-SEP.
-OCT.
-NOV.
-DEC.
4656.1
4738.7
4690.1
4975.0
5129.6
5230.6
5355.7
5437.9
5494.4
5539.4
5607.7
5619.1
1 97 6-JAIN.
-r-Eb.
-MAR .
-APR.
-MAY.
-JUN.
-JUL.
*
5658.0
5661.6
5601.5
5572.3
5624.7
5678.4
5648.1
NUMBER
-0.1
-0.0
2.1
0.9
-0.4
0.6
0.8
0.7
0.3
-0.1
|
YEAR
5.2
2.8
2.6
2.2
1.5
1.4
3.3
5.0
5.2
5.0
2.0
8.2
1.5
10.5
12.4
13.7
14.6
1.4
1.8
3.2
1.7
3.1
2.0
2.4
1.5
1.0
0.8
1.2
0.2
0.7
0.1
-1.1
THOUSANDS
8.7
18.6
20.0
21.9
22.8
23.7
24.9
24.0
22.5
21.5
19.5
14.5
57.8
57.2
57.8
57.7
57.2
57.3
57.0
57.3
57.2
56.9
57.6
57.7
-7.9
-9.8
—9.2
-9.1
-9.2
DOLLARS
-1.5
57.8
58.1
58.5
58.7
59.7
60.4
60.7
-0.0
1.5
81622.
61.4
61.7
7.3
8.4
7.7
7.5
61.1
62.1
62.0
62.0
61.8
60.9
12.0
9.7
60.2
60.2
—0 . 5
5.5
60.3
60.3
8 .6
PERCENTAGE
CHANGE
FROM LAST
YEAR
72886.
73701.
74412.
75288.
75600.
76105.
77136.
77212.
77608.
77932.
78459.
79480.
-0.5
0.9
1.0
AVERAGE S I Z E
-8.8
—8 . 4
-5.3
—4.8
-4.5
-1.6
1.1
1.8
4.2
5.4
6.5
6.6
7.3
6.4
4.1
2.4
0.9
-0.2
-0.6
80548.
83619.
64707.
85963.
86669.
882 6 4 .
88970.
89470.
89819.
90369.
90616.
91260.
91648.
92020.
92634.
93400.
94245.
93642.
AS PERCENTAGE OF
PERCENTAGE
CHANGE
FROM LAST
YEAR
14.3
14.1
12.9
12.5
11.7
11.2
12.7
10.9
10.5
10.0
28.2
27.8
26.0
27.9
27.4
27.3
27.1
27.0
26.7
26.4
9.9
10.3
26.6
26.6
10.5
10.7
12.4
12.5
13.7
13.9
14.4
15.2
15.3
15.3
15.2
14.0
26.7
26.9
27.4
27.5
13.3
12.3
10.0
9.4
6.6
8.7
6.1
AVLRAGL OUTSTANDING LOANS DURING THE PRECEDING 12 MONTHS (AVERAGE OF END-OF-MONTH D A T A ) .
LOANS
OUTSTANDING*
28.0
28.2
28.6
28.6
28.6
28.5
28.4
28.2
28.0
27,7
27.1
26.6
26.6
26.5
26.1
14
TA&Lc 22 3 . 1
FCDBRAL LAND BANKS
NEW MONEY LOANED
MILLIONS I
OF
|
DOLLARS |
PERCENT AGE CHANGE
FROM PREVIOUS
MONTH
*
19?o-JAN...
—F £ B • • •
-MAK.•.
—APR . * .
—MAY • . •
-JUNs * .
—JUL.••
—AUG**.
-SEP...
— DC T e e .
— NO V • • •
-DEC .
3c5.0
26^.5
440.7
347.3
2>n.3
3<4.2
296.3
255.4
247.6
278.7
345.5
1
I
|
|
|
I
I
|
|
|
I
1
197 7 — J A N - . .
-FE b » • •
-MAR...
-APR. . .
-MAY...
-JON . . .
-JUL...
—AUG..e
-SEP...
-OCT...
-NOV . . .
-DEC• • •
376.1
346.2
531.9
403.9
405.0
398.7
382.1
309.8
289.3
275.4
3C.3
355.8
I
|
1
|
J
|
I
|
I
1
I
|
1978-JAN...
-FEB...
—MAR•••
—AP R . . .
-MAY...
-JUN...
-JUL . . .
409.3
343.7
490.7
375.8
453.5
442.3
365.8
I
I
|
I
I
|
|
dbo.1
4.2
-13.1
56.0
-21.2
-15.3
10.2
-8.0
-14.1
-0.3
-3.0
12.6
23.9
|
|
|
|
1
|
I
1
|
|
1
I
|
|
8.9 |
-8.0 |
59.4 |
-26.8 |
0.3 |
-1.6 |
-4.2 |
-18.9 I
—6.6 I
-4.8 1
17.7 |
9.7 1
j
15.0 |
—16.0 j
42.8 1
-23.4 |
20.7 I
-2.5 |
-17.3 1
YEAR
I
AS PERCENTAGE OF
I LOANS OUT—|
| STANDING*I
-2.8
-1.8
19.9
6.7
-6.5
5.9
10.4
6.3
2.7
-6.2
35.5
10.7
I
I
1
t
1
1
1
1
1
1
1
1
I
15.7 1
22.5 1
25.2 1
16.3 1
37.6 I
23.0 1
28.1 1
21.0 1
13.3 1
11.2 1
16.3 1
3.0 1
|
8.8 1
-0.7 1
-11.1 1
-6.9 1
12.0 1
10.9 1
—4 . 3 I
2.0
1.7
2.7
2.1
1.7
1.9
1.7
1.5
1.4
1.4
1.5
1.9
2.0
1.9
2.9
2.1
2.1
2.0
1.9
1.5
1.4
1.3
1.5
1.7
1.9
1.6
2.2
1.7
2.0
1.9
1.6
LOANS
CLOSED
82.7
81.5
83.5
79.6
80.9
60.0
81.3
79.6
79.0
79.0
79.5
78.9
|
I
|
1
1
I
I
|
|
|
I
1
|
1
|
|
I
1
|
1
|
1
|
I
1
l
|
I
|
1
|
i
t
81.1
80.6
81.3
77.5
78.1
78.8
77.6
76.9
76.2
76.8
77.4
79.3
81.4
79.4
79.3
76.4
79.5
79.0
79.2
OUTSTANDING LOANS AT END OF PRECEDING MONTH.
http://fraser.stlouisfed.org/
#
#
Federal Reserve
Bank of St. Louis
#
$
#
TAbLF
2c3.3
FEDERAL LAND BANKS
NEW M O N E Y L O A N E D
TWELVE-MONTH MOVING TOTAL
MJLlIONS I
Oh
I
DOLLARS I
1
1
i f 7c~JAN. . . |
~F i h • . .
—MAK • » • |
-APR... |
-MAY... |
—JUN . • • |
-JUL...|
—AUG • . . |
-SEP... |
-OCT...|
-NOV... |
-DEC.. . |
j
1977-JAN. . . |
-FEb... |
-MAR...|
-APR..•|
—MAY . . . |
-JUN...|
—JUL. • . I
—AUG...1
-SEP...1
-OCT...!
-NOV...|
-DEC...1
j
1978—JAN...|
-FEB...j
-MAR...|
—APR..•j
-MAY...|
-JUN...|
-JUL...|
*
34o3.2
| 34o3.z
353b.2
3557.9
3537.3
3555.5
3 5 83.6
3598.7
3605.4
3569.1
3662.1
3o95.c
3746.6
-)810.3
3921.5
3978.0
4068.7
4163.2
4247.1
4300.8
4334.7
4362.5
4408.0
4418.3
4451.5
4449.1
4387.9
4359.9
4408.4
4452.0
4435.7
|
|
I
|
|
1
|
I
|
|
|
I
j
|
|
|
1
j
I
|
|
I
|
|
I
j
|
1
|
|
|
|
|
PTRCTRNTAGE
FROM
MONTH
-0.3
-0.1
2.1
0.6
-0.6
0.5
0.8
0.4
0.2
-0.5
2.0
0.9
CHANGE
AS
PERCENTAGE
OF
PREVIOUS
|
YEAR
|
|
|
|
I
1
1
|
|
|
|
|
2.4
0.1
0.1
-0.2
-1.1
-1.1
0.9
2.5
3.0
2.6
6.3
6.3
1.4 1
1.7 |
2.9 |
1.4 |
2.8 |
1.8 I
2.0 I
1.3 |
0.8 |
0.6 1
1.0 |
0.2 I
0.6 |
-0.1 1
-1.4 |
-0.6 |
1.1 |
1.0 |
-0.4 |
LOANS
OUT-
STANDING*!
CLOSED
5.0
10.0
10.9
11.8
15.6
17.1
18.5
19.5
20.2
21.5
20.4
19.6
23.2 |
22.8 |
23.0 |
22.b |
22.4 1
22.2 |
22.1 |
21.9 |
21.7 |
21.3 |
21.5 |
21.5 1
1
21.5 |
21.6 |
22.0 1
22.0 |
22.3 |
22.5 I
22.6 |
22.6 |
22.5 |
22.4 |
22.4 |
22.1 |
80.5
80.4
60.2
80.0
79.7
79.6
79.3
79.1
78.9
78.8
76.6
78.6
18.8
16.8
11.9
9.6
7.8
6.9
4.4
22.0
21.8
21.2
20.8
20.8
20.8
20.5
78.7
7b.6
78.3
78.2
78.4
7b.4
78.5
1
1
|
|
|
|
|
82.3
82.2
62.2
81.9
81.6
81.6
61.5
61.3
81.2
60.9
81.0
80.6
AVERAGE OUTSTANDING LOANS DURING THE PRECEDING 12 MONTHS (AVERAGE OF END-OF-MONTH DATA),
15
TABLE 2 2 4 . 1
FEDERAL LAND BANKS
REFINANCING AND REPAYMENTS
REFINANCING OF FEDERAL LAND BANK LOANS
1 MILLIONS
OF
1
1 DOLLARS
1
1977—JAN...|
-FEB... |
—MAR...|
—APR . . . 1
-MAY...!
-JUN. . . |
-JUL . . . |
-*AUG. . • |
-SEP... I
-OCT. . . |
-NOV...|
—DEC . . . 1
1978—JAN•.. |
-FEB... |
-MAR . . . I
-APR...1
-MAY...|
—JUN... 1
-JUL...|
67.9
64.3
86.9
89.1
69.4
80.8
63.8
64.6
67.9
66 * 0
71.8
92.1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
87.6 1
83.3 1
127.1 1
117.4 I
113.3 1
107.3 1
110.1 1
93.1 1
90.5 1
63.2 1
94.6 1
93.1 1
j
93.4 1
69.3 1
128.2 1
116.2 1
117.2 1
117.4 1
9o . 1 1
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
8.0
-5.2
35.2
2.5
-22.1
16.5
-14.9
-6.1
5.0
-2.7
8.8
28.3
—4.9
-4.9
52.6
-7.6
-3.5
-5.3
2.6
-15.4
-2.8
-6.0
13.7
-1.5
0.3
-4.4
43.6
-9.4
0.8
0.2
-18.2
|
1
|
|
|
|
|
|
1
1
|
I
|
|
1
1
|
|
|
1
|
|
|
|
|
1
|
j
|
|
|
1
|
|
|
YEAR
1
AS PERCENTAGE OF
1LOANS OUT—|
1 STANDING*!
6.9
8.0
21.3
25.3
8.0
21.5
13.3
36.4
9.5
18.5
27.2
46.6
1
I
1
1
1
!
I
1
1
!
1
29.1
29.5
46.2
31.8
63.2
32.8
60.0
44.1
33.3
26.1
31.7
1.1
1
1
1
1
1
1
1
1
1
1
1
1
6.6
7.2
0.9
-1.0
3.5
9.4
-12.7
1
1
1
1
1
1
1
LOANS
CLOSED
MILLIONS I
OF
I
DOLLARS 1
!
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
1
17.3
18.5
16.5
20.4
19.1
20.0
18.7
20.2
21.0
21.0
20.5
21.1
149.0
102.8
110.4
101.0
81.0
80.5
78.8
72.6
79.3
82.2
106.2
141.5
|
1
i
I
1
|
|
I
|
I
*
|
10.0
-31.0
7.4
-8.5
-19.8
-0.5
-2.2
-7.9
9.3
3.6
29.2
33.3
i
I
1
|
|
|
|
1
1
|
I
|
10.6
60.6
61.9
58.3
28.6
32.9
23.7
36.4
25.4
17.2
32.2
4.5
I
1
I
I
I
1
i
1
1
I
I
I
0.93
0.64
0.67
0.60
0.48
0.47
0.45
0.41
0.45
0.46
0.59
0.77
0.47
0.45
0.67
0.61
0.58
0.54
0.55
0.46
0.44
0.40
0.45
0.44
|
1
i
|
|
|
|
1
|
1
i
|
18.9
19.4
18.7
22.5
21.9
21.2
22.4
23.1
23.8
23.2
22.6
20.7
207.6
117.0
142.9
109.6
113.3
125.3
131.5
92.6
73.5
92.1
123.1
149.1
I
1
I
|
1
I
1
1
I
|
1
!
46.7
-43.6
22.1
-23.3
3.3
10.6
5.0
-29.6
-20.5
25.3
33.6
21.1
39.3
13.8
29.5
8.6
39.9
55.6
67.0
27.6
-7.3
12.1
15.9
5.4
1
1
1
1
i
1
I
I
I
1
1
1
1.12
0.63
0.76
0.57
0.58
0.63
0.65
0.45
0.36
0.44
0.58
0.70
0.44
0.41
0.59
0.52
0.52
0.51
0.42
1
1
|
1
|
1
|
18.6
20.6
20.7
23.6
20.5
21.0
20.8
202.0
120.2
152.3
129.2
127.6
118.3
101.9
|
1
1
I
1
|
|
35.4
-40.5
26.7
-15.2
-1.3
-7.2
-13.9
i
|
|
|
|
|
|
|
1
#
|
|
j
1
|
1
I
|
t
1
-2.7
2.7
6.6
17.9
12.6
—5.6
-22.5
1
1
1
I
1
!
1
0.94
0.55
0.70
0.58
0.57
0.52
0.44
OUTSTANDING LUANS AT END OF PRECEDING MONTH
"REFINANCING, OF FEDERAL LAND BANK LOANS1* I S COMPUTED AS LOANS CLOSED LESS NEW MONEY LOANED.
"REPAYMENTS" ARE COMPUTED AS NEW MONEY LOANED LESS THE CHANGE I N LOANS OUTSTANDING.
YEAR
1
AS PERCENTAGE OF
I LOANS OUT| STANDING*
|
1
!
i
I
!
i
|
|
|
|
0.42
0.40
0.53
0.53
0.41
0.47
0.40
0.37
0.38
0.37
0.40
o
in
o
1976-JAN...I
-FEB...|
—MAR...|
-APR...|
-MAY...|
-JUN...!
-JUL... 1
-AUG...I
-SEP... I
-OCT...I
-NOV... 1
-DEC••* 1
1
I
1
1
REPAYMENTS
TABLE 2 2 4 . 3
FEDERAL LAND BANKS
REFINANCING AND REPAYMENTS
TWELVE-MONTH MOVING TOTAL
REFINANCING OF FEDERAL LAND BANK LOANS
MILLIONS |
OF
1
DOLLARS |
1
1976-JAN...
—FEB.»•
-MAR.•.
-APR...
-MAY...
—JUN.*.
-JUL...
-AUG...
-SEP...
-OCT...
-NOV...
-DEC . . .
1977-JAN...
—F E 6 . . .
-MAR...
-APR...
-MAY...
-JUN...
-JUL...
-AUG...
—SEP...
-OC T . . .
-NOV...
-DEC...
1976-JAN.•.
—FEB.. .
—MA R . . .
-AP k . . .
-MAY. . .
-JUN...
—JUL . . •
746.2 |
751.0 |
7b6.3 |
764.2 I
789.3 |
803.6 |
811.7 I
828.9 |
634.8 |
845.1 |
660.5 |
669.7 1
|
909.5 |
928.5 |
968.6 |
997.0 1
1040.9 1
1067.3 |
1106.6 |
1137.1 I
1159.7 1
1176.9 |
1199.7 |
1200.7 1
j
1206.5 1
1212.5 |
1213.6 |
1212.4 |
1216.3 |
1226.4 |
1212.4 1
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
|
0.6 |
0.6 |
2.0 1
2.3 |
0.7 |
1,8 |
1.0 |
2.1 I
0.7 |
1.2 |
1.8 |
3.4 |
1
2.2 I
2.1 I
4.3 |
2.9 |
4.4 |
2.5 |
3.9 |
2.6 1
2.0 |
1.5 |
1.9 |
0.1 |
|
0.5
0.5
0.1
-0.1
0.3
0.8
-1.1
|
|
|
|
|
|
|
YEAR
REPAYMENTS
AS PERCENTAGE OF
LOANS OUT-|
STANDING*!
LOANS
CLOSED
MILLIONS I
OF
|
DOLLARS |
1
21.0
17.3
16.0
15.2
14.5
14.3
15.0
17.3
15.8
16.8
16.9
19.9
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.1
5.0
5.0
5.1
5.2
I
|
1
|
1
|
|
|
|
|
I
I
17.7
17.8
17.8
18.1
18.2
16.4
18.5
18.7
18.8
19.1
19.0
19.4
934.5
973.3
1015.5
1052.7
1070.7
1090.6
1105.7
1125.0
1141.1
1153.2
1179.0
1185.2
21.9
23.6
26.4
27.1
31.9
32.8
36.6
37.2
38.9
39.3
39.4
35.0
5.2 1
5.3 |
5.4 |
5.5 |
5.7 |
5.8 |
5.9 |
6.0 |
6.0 I
6.0 |
o.l |
6.0 |
19.5
19.6
19.8
20.0
20.3
20.4
20.7
20.9
21.1
21.2
21.4
21.4
1243.8
1256.0
1290.5
1299.2
1331.4
1376.2
1429.0
1449.0
1443.2
1453.1
1470.1
1477.7
32.7
30.6
25.3
21.6
16.9
14.9
9.4
6.0
5.9
5.9
5.6
5.7
5.7
5.6
21.3
21.4
21.7
21.8
21.6
21.6
21.5
1472.0
1475.3
1484.7
1504.3
1518.6
1511.6
1482.0
|
|
|
|
|
1
|
|
|
|
1
|
1
I
|
|
|
|
|
1
|
I
|
|
#
|
|
|
|
|
|
1
1
|
|
#
I
|
1
|
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
|
1.6
4.1
4.3
3.7
1.7
1.9
1.4
1.7
1.4
1.1
2.2
0.5
|
|
|
|
1
|
|
1
|
|
|
|
i
4.9 |
1.1 I
2.6 |
0.7 |
2.5 |
3.4 |
3.8 |
1.4 |
-0.4 |
0.7 1
1.2 1
0.5 |
1
-0.4 |
0.2 |
0.6 1
1.3 |
1.0 |
-0.5 |
-2.0 |
AVtKAGc UU7SIANDING LOANS DURING THE PRECEDING 12 MONTHS (AVERAGE OF END-OF-MONTH DATA),
" R t F I N A N C I N b uF FEDERAL LAND BANK LOANS* I S COMPUTED AS LOANS CLOSED LESS NEW MONEY LOANED.
'•AcPAYMENIS" ARE COMPUIED AS NEW MONEY LOANED LESS THE CHANGE I N LOANS OUTSTANDING.
YEAR
AS PERCENTAGE OF
LOANS OUTSTANDING*
11.7
17.7
23.7
28.7
30.1
31.0
31.8
34.3
33.0
33.7
34.5
28.8
6.3
6.4
6.6
6.8
6.8
6.8
6.8
6.9
6.9
6.9
6.9
6.9
33.1
29.3
27.1
23.4
24.4
26.2
29.2
28.8
26.5
26.0
24.7
24.7
7.1
7.1
7.2
7.2
7.3
7.4
7.6
7.6
7.5
7.5
7.5
7.4
16.4
17.3
15.0
15.8
14.1
9.8
3.7
7.3
7.2
7.2
7.2
7.2
7.1
6.8
AGRICULTURAL FINANCE UATA6C0K—MONTHLY SERIES
230
AUGUST 1978
L IF c INSURANCE COMPANIES
231
FARM MORTGAGES OUTSTANDING
231.1
ACTUAL.*
..19
FARM MORTGAGES ACQUIRED
23c.1
232.3
c 33
FARM MORTGAGE COMMITMENTS OUTSTANDING
233.1
SOURCE:
ACTUAL
12-MONTH MOVING TOTAL
ACTUAL
"MONTHLY STATISTICAL R E P O R T A M E R I C A N COUNCIL OF LIFfc
INSURANCE.
#
#
#
#
#
#
L I F E INSURANCE COMPANIES
FARM MORTGAGES OUTSTANDING
END OF MONTH
MILLIONS OF DOLLARS
AMOUNT
I
1
CHANGE FROM PREVIOUS I
1
MONTH
|
YEAR
|
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
|
1
YEAR
197b-JAN...|
-FEB...|
—MAR . . . I
-APR...|
-MAY...1
-JUN...I
— JUL . . . I
—AUG...1
-SEP...|
—OCT . • . |
-NOV...1
-DEC . . . I
6731.
6769.
6t15 .'
6676 .
6946 .
7005.
7072.
7127.
7184.
7219.
7291.
742 5 .
-22.
36.
46.
61.
70*
59*
67*
55*
57*
35*
72*
134.
i
|
|
|
I
|
|
1
|
I
I
|
431*
375.
367.
372.
403.
432.
488.
521.
553.
558.
612.
672.
|
|
1
|
1
|
I
I
|
1
I
|
-0.3
0.6
0.7
0.9
1.0
0.8
1.0
0.8
0.6
0.5
1*0
1.8
|
I
|
|
|
I
1
|
|
|
1
|
6.6
5*9
6*0
5.7
6.2
6*6
7*4
7*9
6*3
8*4
9*2
10*0
1977-JAN... |
—FE B . • . 1
-MAR.. . |
—A P R . . . |
-MAY...I
-JUN...1
—JU L . . . . |
—AUG...|
—SEP.**1
-OCT***)
-NOV...}
-DEC***1
7434.
7510.
7640.
7614.
7924.
6140.
8236.
8331.
8475.
8569*
8648 .
8643.
9*
76.
130.
174.
110*
216*
96.
95*
144*
94.
79*
195*
I
|
I
|
|
1
|
|
|
|
|
|
703.
741.
825.
936.
978*
1135*
1164*
1204*
1291*
1350*
1357*
1418.
1
|
|
|
I
|
|
|
I
|
1
|
0.1
1.0
1.7
2.3
1.4
2.7
1.2
1.2
1.7
1.1
0.9
2.3
10*4
10.9
12*1
13*6
14*1
16.2
16.5
16.9
18.0
18.7
18.6
19.1
1978-JAN* * * !
—FEB.* * |
—MAR * * * |
—AP R * * * |
—MAY*•* I
6903.
9012.
9210*
9379.
9517.
60*
109.
198*
169.
136.
1
1
I
I
I
1469*
1502*
1570*
1565*
1593*
1
1
|
1
|
0.7
1.2
2.2
1*8
1.5
|
I
|
|
I
1
I
1
|
1
|
|
|
|
|
|
|
|
19*8
20*0
20*5
20*0
20*1
19
TABLE 2 3 2 . 1
L I F E INSURANCE COMPANIES
FARM MORTGAGES ACQUIRED
1
1
1
1
1
1976-JAN...1
-FEB...I
-MAR...I
-APR...I
-MAY...|
-JUN...|
—JUL...|
-AUG...I
-SEP...I
-OCT...I
-NOV...1
—DEC...I
1
1977-JAN...t
-FEB...I
-MAR...|
—APR..*|
-MAY...I
—JUN...1
— JU L • . . 1
—AUG.* * |
-SEP...1
--OCT... I
-NOV...I
-DEC...|
1
1976—JAN.••1
-FEB..*|
—MAR . . . I
— AP R • . . I
-MAY...|
*
MILLIONS OF DOLLARS
1
CHANGE FROM PREVIOUS I
AMOUNT
MONTH
I
YEAR
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
1
100.
116.
136.
128.
125.
131.
138.
106.
123.
79.
116.
242.
-53.
16.
20.
-8.
-3.
6.
7.
-32.
17.
-44.
37.
126.
|
t
1
|
I
1
I
I
1
I
I
|
20.
-48.
17.
8.
50.
56.
83.
53.
61.
25.
51.
89.
|
I
|
t
I
1
|
I
1
I
1
|
160.
156.
233.
256.
214.
278.
168.
188.
209.
144.
135.
319.
-82.
-4.
77.
23.
-42.
64.
-110.
20.
21.
-65.
—9.
184.
I
|
I
1
I
|
|
|
1
1
|
|
60.
40.
97.
128.
89.
147.
30.
82.
86.
65.
19.
77.
1
|
1
I
I
t
1
I
1
1
I
1
200.
206.
284.
271.
251.
-119.
6.
78.
-13.
-20.
|
I
|
1
1
40.
50.
51.
15.
37.
1
I
1
1
I
-34.6 |
16.0 1
17.2 1
-5.9 |
-2.3 |
4.8 1
5.3 |
-23.2 |
16.0 |
-35.8 1
46.8 1
108.6 |
j
-33.9 I
-2.5 I
49.4 |
9.9 1
-16.4 |
29.9 {
-39.6 |
11.9 |
11.2 |
-31.1 1
—6.3 j
136.3 |
j
-37.3 i
3.0 1
37.9 I
-4.6 1
-7.4 |
OUTSTANDING MORTGAGES AT END OF PRECEDING MONTH.
1
I
YEAR
AS PERCENTAGE OF
MORTGAGES
OUTSTANDING*
25.0
-29.3
14.3
6.7
66.7
74.7
150.9
100.0
98.4
46.3
78.5
58.2
1.5
1.7
2.0
1.9
1.8
1.9
2.0
1.5
1.7
1.1
1.6
3.3
60.0
34.5
71.3
100.0
71.2
112.2
21.7
77.4
69.9
82.3
16.4
31.8
2.2
2.1
3.1
3.4
2.7
3.5
2.1
2.3
2.5
1.7
1.6
3.7
25.0
32.1
21.9
5.9
17.3
2.3
2.3
3.2
2.9
2.7
TABLE 2 3 2 , 3
L I F E INSURANCE COMPANIES
FARM MORTGAGES ACQUIRED
TWELVE—MONTH MOVING TOTAL
PERCENTAGE CHANGE
FROM PREVIOUS
MILLIONS OF DOLLARS
CHANGE FROM PREVIOUS
MONTH
AMOUNT
197 6—JAN. . . I
—FEB,•.I
-MAR...|
—APR...|
-MAY...|
-JUN...|
-JUL... |
-AUG...I
-SEP...I
-OCT...I
-NOV...1
-DEC...|
1
1977-JAN...I
-FEB...!
-MAR...I
-APR...|
-MAY... 1
-JUN...|
-JUL..•j
-AUG... I
-SEP... I
-OCT...I
-NOV...|
-DEC...I
1
1978-JAN... |
-FEB.. . 1
—MAR•.. I
-APR . . . I
— MA Y . . . I
•
MONTH
1095.
1047.
1064.
1072.
1122.
1178.
1261.
1314.
1375.
1400.
1451.
1540.
I
1
1
|
I
|
I
|
|
1
1
1
20.
-48.
17.
8.
50.
56.
83.
53.
61.
25.
51.
89.
1600.
1640.
1737.
1865.
1954.
2101.
2131.
2213.
2299.
2364.
2383.
2460.
j
I
I
I
|
I
I
I
|
|
|
|
60.
40.
97.
128.
89.
147.
30.
82.
86.
65.
19.
77.
2500.
2550.
2601.
2616.
2653.
|
I
|
|
|
40.
50.
51.
15.
37.
|
I
I
|
|
|
I
|
I
I
1
|
|
j
|
I
|
|
I
|
|
1
I
|
|
1
|
I
|
1
I
1
YEAR
YEAR
97.
-51.
-29.
-49.
21.
99.
223.
296.
350.
393.
432.
465.
AS PERCENTAGE OF
MORTGAGES
OUTSTANDING*
1.9
-4.4
1.6
0.8
4.7
5.0
7.0
4.2
4.6
1.8
3.6
6.1
I
1
|
I
|
1
|
|
I
1
|
|
9.7
-4.6
-2.7
-4.4
1.9
9.2
21.5
29.1
34.1
39.0
42.4
43.3
I
I
|
|
1
I
|
|
I
I
|
I
16.7
15.9
16.1
16.1
16.8
17.5
18.7
19.3
20.1
20.3
20.9
22.1
505.
593.
673.
793.
632.
923.
870.
899.
924.
964.
932.
920.
|
|
|
I
1
1
|
|
1
|
I
|
j
|
I
|
|
1
|
|
|
I
|
|
I
3.9
2.5
5.9
7.4
4.8
7.5
1.4
3.8
3.9
2.8
0.8
3.2
46.1
56.6
63.3
74.0
74.2
78.4
69.0
68.4
67.2
68.9
64.2
59.7
I
|
|
1
|
1.6
2.0
2.0
0.6
1.4
1
|
|
|
|
|
1
|
1
|
1
|
j
|
|
|
I
|
22.7
23.1
24.3
25.8
26.7
28.4
28.5
29.2
29.9
30.4
30.2
30.7
900.
910.
864.
751.
699.
I
I
|
|
1
I
|
|
1
I
|
|
j
I
|
I
|
1
56.3
55.5
49.7
40.3
35.8
30.7
30.9
31.0
30.7
30.7
AVtRA'ot OUTSTANDING MORTGAGES DURING THE PRECEDING 12 MONTHS (AVERAGE OF END-OF-MONTH DATA),
21
TADLT
23 3 . 1
L I F E INSURANCE COMPANIES
OUTSTANDING FARM MORTGAGE COMMITMENTS
END OF MONTH
MILLIONS OF DOLLARS
aMUUNT
I 976-JAN•.. |
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
|
1
YEAR
1
1
AS PERCENTAGE
OF MORTGAGES
1
OUT| ACQUIRED
1 STANDING j I N MONTH
520.0
562.0
592.u
553.0
7.0
U.o
2.0
22.0
-19.0
8.0
-3.0
7.0
26.0
62.0
10.0
-39.0
|
I
I
|
1
|
|
|
1
|
I
|
-30.0
-2 3.0
13.0
71.0
69.0
91.0
86.0
89.0
82.0
109.0
66.0
94.0
|
|
|
I
1
(
|
|
I
|
I
I
1.5
2.4
0.4
4 .6
-3.8
1.7
-0.6
1.4
5.3
11.9
1.7
—6.6
|
j
|
I
|
|
I
|
I
|
|
I
—6 . 0
-4.6
2.8
16.5
16.7
22.8
22.1
22.0
16.7
23.0
17.0
20.5
1
1
1
1
1
1
I
1
i
1
t
1
6.9
7.0
7.0
7.3
6.9
7.0
6.9
6.9
7.2
8.1
8.1
7.4
I
1
1
I
1
1
1
j
1
1
I
I
466.0
411,2
352.2
391.4
365.6
374.0
352.9
466.0
422,8
736.7
510.3
228.5
i 977 —JAN . . . |
-Ftb... 1
—MAK...|
—APR. . . f
-MAY.. . 1
—JUN.•. |
—JUL • • • I
—AUG...I
-SEP...|
-OC T . . . I
-NOV...i
-DEC. . e 1
567.0
614.0
603.0
663.0
660.0
671.0
673.0
696.0
745.0
769.0
782.0
768.0
14.0
47.0
-11.0
60.0
17.0
-9.0
2.0
23.0
49.0
24.0
13.0
-14.0
|
1
|
|
|
1
|
|
|
1
|
|
101.0
137.0
124.0
162.0
198.0
161.0
186.0
202.0
225.0
187.0
190.0
215.0
1
1
I
j
1
|
|
|
|
I
|
1
2.5
8.3
-1.8
10.0
2.6
-1.3
0.3
3.4
7.0
3.2
1.7
-1.6
21.7
28.7
25.9
32.3
41.1
36.9
38.2
40.9
43.3
32.1
32.1
36.9
1
I
1
1
1
I
1
1
I
1
1
1
7.6
8.2
7.9
8.5
8.6
6.2
8.2
8.4
8.8
9.0
9.0
8.7
i
I
i
1
I
1
I
1
I
1
1
1
354.4
393.6
258.8
259.0
317.8
241.4
400.6
370.2
356.5
534.0
579.3
240.8
1978-JAN.•.j
-FEB...I
—MAR...I
-APR.•.1
-MAY...|
-JUN...|
742.0
618.0
627.0
846.0
800.0
869.0
-26.0 |
76.0 |
9.0 1
19.0 |
—46.0 |
69.0 |
175.0
204.0
224.0
183.0
120.0
198.0
|
|
1
1
1
I
-3.4
10.2
1.1
2.3
-5.4
8.6
1
|
i
I
1
|
I
1
|
1
|
1
j
1
1
1
|
|
I
30.9
33.2
37.1
27.6
17.6
29.5
I
8.3
1
9.1
1
9.0
1
9.0
1
8.4
j*********
- Ffcb •«. • „ |
—M A K • • • |
— AP k • • e i
-M A Y . . . |
-JUN..• |
-JUL.••|
-AUG...|
-SE H . . . I
- UC T . . . |
-NOV...|
-DEC•.. I
466.0
477.0
479.0
501 . 0
462.0
490.0
467.0.
|
1
CHANGE FROM PREVIOUS 1
1
MONTH
|
YEAR
|
494.0
I
371.0
I
397.1
1
291.2
1
312.2
I
318.7
j* * * * * * * * *
oRICULTURAL
00
FINANCe
AGRICULTURAL
301
AUGUST 1978
DATA
AMOUNT AND CHANGt FROM PREVIOUS YEAR
24
SEASONAL BORROWING BY MEMBER BANKS
30 2 . 1
310
BANKING
-MUNTHLY SEMES
FARM NON-REAL-ESTATE LOANS
301. 1
302
DATAbOOK-
NUMBER CF BANKS AND AVERAGE DAILY BORROWING
25
DEPOSITS AND LOANS AT AGRICULTURAL BANKS
311
FEDERAL RESERVE DISTRICTS 7 AND 9
311.3
312
PERCENTAGE CHANGE FROM PREVIOUS YEAR, AND LOAN/DEPOSIT RATIO
26
FtOERAL RESERVE DISTRICT 6 AND TEXAS
312.3
PERCENTAGE CHANGE FROM PREVIOUS YEAR, AND LOAN/DEPOSIT RATIO
27
FOR INFORMATION ON THE DESIGN OF THE SEASONAL BORROWING PRIVILEGE FOR WHICH
DATA ARE SHOWN I N SECTION 3 0 2 , AND ALSO AN ANALYSIS OF ITS POTENTIAL AND
ACTUAL USE BY AGRICULTURAL BANKS, SEE "SEASONAL BORROWING AT THE FEDERAL
RESERVE DISCOUNT WINDOW," BY EMANUEL MELICHAR AND HARRIET HOLDERNESS,
AGRICULTURAL FINANCE REVIEW, OCTOBER 1 9 7 4 , PP. 4 2 - 5 1 .
FOR A BRIEF DISCUSSION OF THE ANALYTICAL VALUE OF THE DATA IN SECTION 3 1 0 , SEE
THE SECTION ENTITLED "FREQUENT DEPOSIT AND LOAN DATA" IN "OVERALL MEASURES OF
FINANCIAL PERFORMANCE," BY EMANUEL MELICHAR, AGRICULTURAL FINANCE REVIEW,
FEBRUARY 1 9 7 7 , PP. 8 7 - 8 8 .
24
TABLE 3 0 1 . 1
FARM NON-REAL-ESTATE LOANS AT COMMERCIAL BANKS
(END OF MONTH)
LARGE
BANKS
(MILLIONS
OF
COLLARS)
3645.
3627.
3710.
3802.
3837.
3959.
3999.
4171.
4247.
4278.
4258.
4262 .
1977-JAN...
-FEB...
—MAR.*.
-APR...
-MAY...
-JUN...
-JUL..
—AUG..
-SEP...
-NOV...
-DEC...
4243.
4165.
4268.
4369.
4578.
4694.
4743.
4758.
*794.
4798.
4700.
4700.
197 8—JAN..
-FEB...
—MAR..
-APR..
-MAY..
—JUN..
— JUL . .
— AUG, .
4639.
4525.
4783.
4793.
500B.
4997.
5148.
5247.
-OCT...
|
I
|
I
|
|
I
|
1
I
1
|
J
1
1
23.7 |
1
1
25.6 I
1
1
26.3 |
1
I
25.7 |
|
20.2
20.3
20.5
21.2
21.6
22.2
22.4
22.6
22.9
23.0
23.1
23.3
25.5
27.0
1
1
|
1
1
1
1
1
20.6
20.7
20.7
21.3
21.5
21.8
22.0
22.3
22.7
23.0
23.3
23.5
24.0
25.2
26.0
26.0
25.8
26.6
I
46 .
129.
320.
377.
440.
501.
450.
590.
616.
681.
711.
62 2 .
598.
538.
558.
567.
741.
735.
744.
587.
547.
520.
442.
438.
396.
360.
515.
424.
427.
303.
405.
489.
ALL COMMERCIAL BANKS
( B I L L I O N S OF DOLLARS)
ACTUAL
SEASONALLY
ADJUSTED
2.1
2.0
2.2
2.2
2.2
2.7
2.9
3.1
3.0
2.9
3.0
3.1
3.2
3.1
2.3
2.6
3.0
3.1
3.0
2.9
3.0
3.1
3.2
3.1
3.2
3.3
3.4
3.4
3.4
3.3
2.4
2.5
1.8
1.8
1.4
1.4
ALL COMMERCIAL BANKS
LARGE
BANKS
ACTUAL
1
1.3 !
3.7 1
9.4 I
11.0 I
13.0 |
14.5 |
12.7 I
16.5 |
17.0 |
18.9 |
20.0 1
17.1 I
16.4 |
14.8 I
15.0 1
14.9 1
19.3 1
18.6 1
18.6 1
14.1 |
12.9 I
12.2 I
10.4 |
10.3 I
9.3
8.6
12.1
9.7
9.3
6.5
8.5
10.3
1
|
1
I
|
I
|
I
11.6
12.2
11.8
14*6
15.5
16.2
15.5
14.7
15.3
15.6
16.1
15.3
15.8
|SEASONALLY
ADJUSTED
10.8
12.5
11.9
13.9
16.2
16.6
15.8
14.9
15.3
15.6
15.9
15.2
00
1976—JAN . . .
-FEB...
—MAR...
—APR...
— MA Y . . .
-JUN...
—JUL...
?-AUG. . .
—SEP...
—OC T » • *
-NOV...
-DEC...
LARGE
BANKS
(MILLIONS
OF
1 SEASONALLY
DOLLARS)
| ADJUSTED
ALL COMMERCIAL BANKS
( B I L L I O N S OF DOLLARS)
ACTUAL
PERCENTAGE CHANGE FROM
PREVIOUS YEAR
CHANGE FROM PREVIOUS YEAR
AMOUNT
15.5
15.5
14.6
14.6
10.3
10.5
7.5
7.5
5.5
5.5
LARGE-BANK DATA ARE FUR APPROXIMATELY 330 COMMERCIAL BANKS THAT SUBMIT THE F . R . 4 1 6 WEEKLY REPORT OF CONDITION.
ARFC BANKS THAT HAD TOTAL DEPOSITS I N EXCESS OF $100 M I L L I O N AS OF DECEMBER 3 1 , 1 9 6 5 .
THESE
saas,™ 1 , 7 6
ALL-BANK DATA SHOWN FOR JUNE 1978 ARE PRELIMINARY ESTIMATES.
TABLE 3 0 2 . 1
MEMBER BANK BORROWING UNDER SEASONAL BORROWING PRIVILEGE
WEEK ENDING ON LAST WEDNESDAY OF MONTH
NUMBER OF BANKS
AVERAGE DAILY SEASONAL BORROWING
(THOUSANDS OF DOLLARS)
(DEPOSIT SIZE OF BANK |
TOTAL
I
UP TO
I
$100
1 MILLION
OVER
|
|
$100
| MILLION
0.
0.
0.
0.
0.
1.
1.
1.
1.
2.
o.
0.
I
I
I
1
i
I
1
1
1
1
1
|
8.
10.
17.
21.
44.
55.
59.
89.
83.
74.
45.
31.
1
|
|
|
1
|
|
|
1
|
1
I
|
|
1
|
I
|
|
|
1
|
|
|
|
0.
0.
o.
0.
1.
4.
4.
10.
9.
7.
8.
3.
|
|
I
1
1
1
I
(
|
1
|
I
8113.
11353.
14161.
15030.
34503.
70158.
68701.
130235.
115456.
116094.
74288.
52761.
23.
31.
49.
42.
85.
100.
122.
150.
I
|
|
|
|
I
1
|
0.
Q.
2.
1.
8.
9.
6.
11.
I
I
1
1
|
1
I
1
35588. I
52858. 1
51892. 1
49400. I
114954. 1
133794. 1
150938. 1
206810. 1
1976-JAN...I
—FEB...1
—MAR.•.I
-APR...1
—MAY. . . t
-JUN.e.I
—JUL.e.1
-AUG...I
-SEP...1
-OCT...1
-NOV...|
—DEC...I
7.
10.
17.
20.
21.
42.
38.
40.
49.
40.
31.
19.
1977-JAN...I
-FEB...|
—MAR * . . |
-APR...|
—MA Y . . • i
-JUN...i
—JUL . . . I
-AUG...1
-SEP...1
-OCT...|
—NOV...|
—DEC . . . 1
8.
10.
17.
21.
45.
59.
63.
99.
92.
81.
53.
34.
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
197b-JAN...1
—FEB...1
—MA R . . . I
— APR . . . }
-MAY...I
-JUN...1
-JUL...1
-AUG...1
23.
31.
51.
43.
93.
109.
128.
161 .
I
1
1
1
1
1
1
1
7.
10.
17.
20,
21.
41.
37.
39.
48.
38.
31.
19.
|
I
1
(DEPOSIT SIZE OF BANK |
TOTAL
8267 »
8233.
9605.
11153.
11637.
27898.
25957.
23354.
33618.
33297.
27215.
9970.
1 UP TO
1
$100
1 MILLION
|
OVER
|
$100
| MILLION
I
I
|
1
1
I
1
1
I
I
I
1
I
1
1
8267.
8233.
9605.
11153.
11637.
25898.
20243.
17354.
29618.
29154.
27215.
9970.
|
|
|
|
1
|
|
I
|
|
|
|
0.
0.
0.
o.
o.
2000.
5714.
6000.
4000.
4143.
0.
0.
1
l
1
I
I
1
1
1
1
1
|
|
1
1
1
1
I
I
I
1
1
|
1
1
8113.
11353.
14161.
15030.
32503.
45658.
48508.
80936.
73456.
74794.
41488.
34461.
|
|
|
|
|
|
|
|
|
|
I
|
0.
0.
o.
0.
2000.
24500.
20193.
49299.
42000.
41300.
32800.
18300.
|
|
|
|
|
I
1
|
|
|
|
I
35588. |
52858. |
50535. 1
44686. |
88968. |
101623. I
119581. I
158153. I
0.
0.
1357.
4714.
25966.
32171.
31357.
48657.
|
l
1
|
|
1
|
|
Qfci'OSn SIZE CLASSIFICATION I S BASED ON AVERAGE DEPOSITS IN 1 9 7 2 .
2b
26
TABLE 3 1 1 . :
DEPOSITS AND LOANS AT AGRICULTURAL BANKS
SEVENTH1 AND NINTH FEDERAL RESERVE DISTRICTS
StVfcNTH FEDERAL RESERVE DISTRICT
PERCENTAGE CHANGE FROM PREVIOUS YEAR
K t K v c N T A b t CHANGE FROM PREVIOUS YtAR
DEPOSITS
AND
IV ? 6 - J A N . • . I * * * * * * * * *
-*• Ffcd « • • * * * * * * * * *
—MAR..» * * * * * * * * *
-APR... * * * * * * * * *
-MAY, . . * * * * * * * * *
-JUN••• * * * * * * * * *
— JUL • . . * * * * * * * * *
—AUG..» * * * * * * * * *
-SEP... * * * * * * * * *
— LC T . » .* * * * * * * * *
—Nu V • • . * * * * * * * * *
—Dt C. . . * * * * * * * * *
* * * * * * * * *
* * * * * * * * *
* * * * * * * * *
* * * * * * * * *
* * * * * * * * *
* * * * * * * * *
* * * * * * * * *
* * * * * * * * *
* * * * * * * * *
* * * * * * * * *
* * * * * * * * *
* * * * * * * * *
* * * * * * * * *
* * * * * * * * *
* * * * * * * * *
* * * * * * * * *
* * * * * * * * *
* * * * * * * * *
* * * * * * * * *
* * * * * * * * *
* * * * * * * * *
* * * * * * * * *
* * * * * * * * *
* * * * * * * * *
* * * * * * * * *
* * * * * * * * *
* * * * * * * * *
* * * * * * * * *
* * * * * * * * *
* * * * * * * * *
* * * * * * * * *
* * * * * * * * *
* * * * * * * * *
* * * * * * * * *
11.1
9.0
2.2
1978—JAN . . .
— FE B. . .
—MAR...
—APR . . .
-MAY...
—JUN•••
— JUL• . .
—AUG...
9.5
6.7
8.7
4.2
12.0
11.9
11.0
10.3
10.1
9.2
8.1
8.6
8.6
8.2
8.6
8.7
8.6
3.0
1.6
4.3
5.7
5.1
3.4
1.1
0.8
-1.4
-2.6
0.5
2.6
3.7
3.5
4.0
6.5
7.2
7.0
LOANDEPOSIT
RATIO
JLLtt£-
* * * * * * * * *
19 7 7 —JAN• . .
— FEB. . .
—MAR.•*
— APR• . .
-MAY...
— JU N• • •
—JUL*..
— AU G . . .
-SEP...
-OCT...
-NOV...
-DEC...
10.7
11.5
LOANS
L,
NINTH FEDCRAL RESERVE DISTRICT (MINNEAPOLIS)
SECOND WEDNESDAY OF MONTH
(CHICAGO)
14.9
14.7
14.6
14.7
14.7
14.2
14.2
13.9
13.7
12.7
12.0
11.9
11.7
11.1
10.6
10.6
9.8
9.7
9.3
9.2
* * * * * * * * *
0.537
0.537
0.543
0.545
0.572
0.551
0.560
0.561
0.558
0.555
0.561
0.568
18.7
18.5
19.3
18.7
14.6
19.4
20.7
0.574
0.574
0.581
0.578
0.566
0.593
21.7
21.3
19.8
19.1
0.621
21.2
17.1
16.4
15.1
14.3
13.5
13.0
12.0
12.9
0.612
0.617
0.623
0.619
0.621
DEPOSITS
TOTAL
9.6
10.1
8.2
9.6
9.0
8.6
8.3
8.9
7.9
9.3
8.3
DEMAND
—0.6
3.0
1.2
5.4
4.3
3.6
2.9
4 .3
0.4
14.9
13.3
11.3
11.4
11.0
10.8
10.6
10.9
8.0
-0.0
7.4
7.2
-0.8
-1.1
11.1
10.6
8.8
8.7
9.1
8.6
8.0
7.8
8.5
7.7
7.6
7.4
0.608
8.6
1.8
12.1
0.8
10.8
12.2
12.2
1.0
11.7
-0.1
3.3
11.0
3.0
3.2
9.4
9.1
7.7
5.6
8.9
2.1
8.2
6.1
0.615
8.8
8.0
9.6
9.7
*********
11.6
0.8
0.2
1.2
0.617
0.631
0.642
11ME-
0.5
8.5
7.9
0.616
LOANS
I
11.1
12.6
11.b
0.616
0.614
I
7.5
10.6
10.8
*********
LOANDEPOSIT
RATIO
10.6
10.0
8.8
9.0
9.0
9.1
9.3
9.4
*********
12.8
0.607
0.619
12.6
0.635
0.640
0.645
0.649
0.654
0.650
0.644
0.642
9.1
11.3
10.5
10.9
13.0
11.3
12."4
13.4
14.0
14.4
0.616
0.622
12.4
12.9
14.7
14.3
14.3
13.4
14.9
14.4
13.4
14.0
14.7
13.7
0.635
0.651
0.650
0 . 654
0.665
0.669
13.9
13.2
13.4
12.5
13.2
13.2
13.0
*********
0.686
0.689
0.664
0.688
0.687
0.680
0 . 666
0.683
0.681
0.677
0.692
0.690
0.707
*********
DATA FOR THE SEVENTH DISTRICT COVER MEMBER BANKS HAVING A RELATIVELY LARGE PROPORTION OF AGRICULTURAL LOANS AND
LOCATED IN TOWNS WITH POPULATION UNDER 1 5 , 0 0 0 .
DATA FOR THE NINTH DISTRICT COVER MEMBER BANKS AT WHICH AGRICULTURAL
LOANS EXCEEDED 20 PERCENT OF TOTAL LOANS AS OF JUNE 1 9 6 9 .
FOR BOTH D I S T R I C T S , LOANS ARE GROSS LOANS LESS FEDERAL
FUNDS SOLD AND SECURITIES PURCHASED UNDER AGREEMENTS TO RESELL.
TABLE 3 1 2 . 3
DEPOSITS AND LOANS AT AGRICULTURAL BANKS
S I X T H FEDERAL RESERVE D I S T R I C T AND TEXAS
I
j
S I X T H ?60ER!AL RESERVE D I S T R I C T (ATLANTA)
MONTHLY AVERAGE ENDING SECOND W#DWgSDAY OF MONTH
I
PERCENTAGE CHANGE FROM PREVIOUS YEAR
1
OEPbiSIT$
1
TOTAL
1
pFMAND
1976-JAN.ee
-FEB..,
-MAR.,.
-APR...
-MAY.,.
-JUN...
-JUL...
-AUG...
-SEP..,
-OCT...
-NOV...
-DEC,.,
|*********
|
8.6
1
9.9
|
10.2
I
10.7
|
9.9
|
9.4
I
9.7
1
9.0
|
9.8
|
10,9
I
10.9
|*********
|
9.6
1
7.8
1
8.?
j
9.5
t
8.6
1
8.2
I
7.8
1
5.8
I
5.9
1
7.0
»
?.8
1977—JAN...
-FEB..,
-MAR. , .
-APR...
-MAY.,.
1
1
1
1
1
1
1
1
1
i
1
1
1
1
1
1
I
1
t
1
I
I
1
1
6.2
5.2
5.5
5.6
4.6
4.0
5.3
4.6
4.4
3.4
4.5
5.9
11.1 I
10,6 |
11,9 t
IV.9 1
13.7 1
13.4 I
12.8 I
12.C I
8.5
7.9
8.9
11.4'
ia?s
U,2
13.0
12.3
-JON.,.
-JUL #.
-AUG...
-SEP...
-OC 7 . . .
-NOV...
-PEC,.,
19?D-JAN... 1
1
-MAR... 1
-APR..,
-MAY... 1
-JUN.i, 1
-JUL.... 1
-AUG... |
10.4
10.3
10.3
10.3
10.0
10.1
10.9
' 10,8
10,6
9.3
9.7
10.7
1
1
1
LOANS
TEXAS
(
1
i
(
LOANDEPOSIT
RATIO
PERCENTAGE CHANGE
FROM PREVIOUS YEAR
I
\
DEPOSITS
1
I
I
LOANDEPOSIT
RATIO
|
|
1
1
|
|
1
|
1
I
1
I
0.570
0,567
0,57*
0,566
0.573
0.588
0.596
0.603
0.606
Q.599
0.596
0.597
15.9
15.4
15.0
*5.3
14.1
12.9
12.1
10.5
10.1
10.0
10.2
11,3
10.8
12.1
13.0
14.4
16.4
18.2
19.8
21.3
21.3
20.9
20.3
17.6
i
1
1
|
|
|
1
1
1
1
|
I
0.479
0.477
0.482
0.487
0.507
0.516
0.522
0.533
0.536
0.536
0.531
0.521
I
1
|
|
t
|
I
1
1
|
|
I
I
|
|
j
i
|
f
I
T
|
1
1
|
I
I
|
#
|
|
|
1
0,594
0.598
0.598
0.599
0.616
0.628
0.632
0.643
P,£44
0.646
0.642
0.6?6
*1.9
11.7
11.0
11.1
10.8
10.7
10.9
11.2
11.5
11.4
11.3
11.0
17.4
18.2
18.9
19.9
19.5
19.0
18.9
18.6
18.8
17.8
16.8
17.6
I
|
I
I
1
|
|
1
I
|
1
1
0.5Q2
0.505
0.516
0.526
0.547
0.555
0.560
0.568
0,571
0.567
0.557
0.552
0.623
0.628
0.622
0.604
0.608
0.620
0.629
0.644
10.5
10.9
*1.3
11.8
13.0
13.3
12.6
12.6
1
1
|
1
|
1
|
|
1
I
|
|
|
|
I
|
I
1
|
|
I
#
I
|
|
j
|
|
|
1
1
|
I
|
15.7
16.1
16.9
15.1
15.1
15.1
15 . 6
15.6
1
|
|
i
|
|
|
;
0.526
0.528
0.542
0.541
0.557
0.564
0.575
0.584
|
|
|
1
|
I
|
I
|
1
1
1
j
1
1
1
I
|
|
I
j
TtMlj-
|********* |*********
I
10.9 1
5,7
I
11.1 1
8.1
1
11,4 1
9.3
1
11.4 1
9.0
11.6
I
10.7 1
12.8
1
10.7 t
13.4
1
10.7 1
13.7
1
10.7 1
13.3
I
*2,0 I
13.7
1
13.2 |
1
12.7 I
I*,I
1
1
12.9 1
15.1
15,0
1
13.2 1
15.9
I
13.0 1
15.7
1
13.0 t
1
13.0 1
15.0
17.0
J
13.4 1
1
13,9 t
17.2
1
14.0 T
17.7
17.7
I
14,2 1
16.0
1
12.4 1
18.5
1
12.5 1
18.5
1
13.4 1
1
16.9
1
12.5 I
16.7
1
12.3 I
*7.3
|
13.6 «
1
13,7 1
14.4
1
13.8 1
12.8
*2.8
1
13.6 1
12.7
i
12.7 1
1
12.1 1
13.5
1
1
1
1
|
1
1
1
LOANS
DATA PLR THc S - X L H OJ STRICT ARE FOR MEMbER ttANKS AT WHICH AGRICULTURAL LOANS COMPRISE 15 PER CENT OR MORE OF TOTAL LOANS.
UALA FOH 1 t x « s <kRE rQR A SAMPLE Of MEMBER BANKS AT WHICH AGRICULTURAL LOANS COMPRISE 25 PER CENT OR MORE OF TOTAL LOANS.
FOR dUTH D I S T k CTS, LOANS ARE GROSS LOANS LESS FEDERAL t UNOS SOLD AND SECURITIES PURCHASED UNDER AGREEMENTS TO RESELL.
Recent Federal Reserve Publications in Agricultural Finance
Agricultural Credit Conditions Survey, Federal Reserve Bank of Minneapolis, July 1978.
"Agricultural Credit Conditions," by Gary L. Benjamin, Agricultural Letter, Federal
Reserve Bank of Chicago, July 28, 1978, pp. 1-2.
"Farmland Values," by Don A. Langford, A g r i c u l t u r a l L e t t e r , Federal Reserve Bank of Chicago,
July 28, 1978, pp. 2-3.
"Quarterly Survey of A g r i c u l t u r a l Credit Conditions in the Eleventh Federal Reserve D i s t r i c t ,
S t a t i s t i c a l Release, Federal Reserve Bank of Dallas, July 31, 1978.
"Agricultural Credit Survey Results," Financial L e t t e r , Federal Reserve Bank of Kansas C i t y ,
August 9, 1978, pp. 1-2.
"Farm Credit Conditions in the F i f t h D i s t r i c t , Second Quarter, 1978," by Sada L. Clarke,
Federal Reserve Bank of Richmond, August 15, 1978.
@FedFRASER