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Ci AGRICULTURAL FINANCE DATABOOK August 1979 Monthly Series Emanuel Melichar Amy Brooks 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 1979 AGRICULTURAL FINANCE DATABOOK— MONTHLY SERIES SEC T IO N 200 PAGE FARM LEN D IN G O PER A T IO N S AND E X P E R IE N C E OF NONBANK IN S T IT U T IO N S 210 PRODUCTION C R E D IT 220 FED ERA L LAND BA N KS................................................................................................................... 10 230 L IF E 300 A S S O C IA T IO N S ......................................................................................... 3 INSURANCE C O M PA N IES......................................................................................................18 A G RIC U LT U RA L BANKING DATA......................................................................................................... 23 RECENT FED ERA L R ES E R V E P U B L IC A T IO N S IN A G RICULTURAL F IN A N C E ........................................ 28 Overview For a discussion of farm credit trends and rural banking conditions, see the enclosed Agricultural Finance Commentary, August 1979. 2 AGRICULTURAL FINANCE DATABOOK— MONTHLY SERIES 210 PRODUCTION C R E D IT 211 AS NOTED) LOANS MADE AND NEW LOANS ACTUAL........................................................................................................................................6 12-MONTH MOVING TO TAL..................................................................................................... 7 RENEWALS AND C O LLEC TIO N S 2 1 3 .1 2 1 3 .3 SOURCES EXCEPT ACTUAL........................................................................................................................................4 SEA SO N A LLY A D JU S T E D .......................................................................................................... 5 2 1 2 .1 2 1 2 .3 213 (A G R IC U LT U R A L LOANS, LOANS OUTSTANDING 2 1 1 .1 2 1 1 .2 212 A SSO C IA T IO N S AUGUST 1979 ACTUAL........................................................................................................................................8 12-MONTH MOVING TO TAL................... .............................................................................. 9 "PRODUCTION C R E D IT A SSO C IA T IO N S— SELEC TED MONTHLY LOAN D A T A ," S U P E R V IS O R Y D IV IS I O N , FARM C R E D IT A D M IN IS T R A T IO N . DATA IN T H IS SEC T IO N ARE O BTAINED FROM T IM E L Y MONTHLY REPORTS WHICH ARE NOT R E V IS E D TO R EFL E C T ANY SUBSEQUENT CHANGES OR C O R R EC T IO N S. I F ONLY YEAR-END DATA ON OUTSTANDING LOAN VOLUME ARE R EQ U IR E D , USE THE S E R IE S IN SEC T IO N 100 DATA ON LOANS OUTSTANDING AND LOANS MADE DO NOT FARM -RELATED B U S IN E S S LOANS, OR AQUATIC LO A N S. RENEWALS DO IN CLUD E T H ESE LO A N S; HOWEVER, T H ESE ONLY 1 .4 PER CENT OF TOTAL OUTSTANDING LOANS AT IN C LUD E RURAL HOME LOANS, DATA ON C O LLEC TIO N S AND T Y P E S OF LOANS R EPR ESEN T ED P C A 'S AS OF DECEMBER 1978. FOR A B R IE F D IS C U S S IO N OF THE A N A LYTIC A L VALUE OF T H ESE DATA, SE E THE SEC TIO N E N T IT L E D "L E N D IN G E X P E R IE N C E OF NONBANK IN S T IT U T IO N S " IN "O V ER A LL MEASURES OF F IN A N C IA L PER FO RM A N C E," BY EMANUEL M ELIC H A R , AGRI C ULTURAL F IN A NCE R E V IE W . FEBR U A R Y 1977, P P . 9 2 -9 5 . 3 4 TABLE 211*1 PRODUCTION CRED IT A S S O C IA T IO N S LOANS OUTSTANDING (EN D OF MONTH) AMOUNT M IL L IO N S END OF 40NTH 1 9 7 7 - JA N ...I - F E B ...| - M A R ...I - A P R ... | -MAY. . . | —JU N . . . | - JU L ...j - A U G ...| - S E P ...| —GC T . . . | - N O V ...I —D EC . . . | 1 2 1 4 0 .2 1 2 2 7 2 .9 1 2 5 8 3 .0 1 2 9 2 9 .3 1 3 3 3 2 .9 1 3 7 4 8 .9 1 40 38 .0 1 4 1 3 2 .5 14069•3 1 3 7 8 8 .7 1 3 4 7 1 .3 13 h 5 4 .3 1978—J A N • . • | - F E 6 ...I —MA R • . . | —A P R . . . I —MAY. . . | —JU N . . . | —J U L . . . ) - A U G ...) - S E P ...I —OCT . . . ) - N O V ... 1 - D E C ...I 1 3 2 3 3 .3 1 3 2 7 3 .6 1 3426.8 1 3 6 2 9 .8 139 09 .1 1 4312.1 1 46 51 .5 14846.1 1 49 54 .7 1 4 7 4 3 .6 1 4 6 01 .1 1 4 9 0 1 .5 1979—J A N . ••1 - F E B ...1 —MA R . • . | —AP R . . . 1 - M A Y ...| - JU N ...I - JU L ...I 1 4 8 8 4 .1 1 4 9 9 1 .0 1 5 3 8 1 .2 1 5 8 0 7 .4 1 6 2 1 4 .1 1 6 6 8 8 .3 1 7 0 1 5 .3 1 1 | CHANGE FROM P R E V lU U S l | 1 | MONTH | YEAR | | | | | | | | | | | | | l1 | | | | | | | | | | | | 1 1 ) | I | | | | OF DOLLARS - 5 6 .1 1 3 2 .7 3 1 0 .1 3 4 6 .3 4 0 3 .6 4 1 6 .0 2 8 9 .1 9 4 .5 - 6 3 .2 - 2 8 0 .5 - 3 1 7 .4 - 1 7 .0 - 2 2 0 .9 4 0 .3 1 5 3 .2 2 0 3 .0 2 7 9 .3 4 0 3 .0 3 3 9 .4 1 9 4 .5 1 0 8 .6 - 2 1 1 .2 - 1 4 2 .4 3 0 0 .4 - 1 7 .3 1 0 6 .8 3 9 0 .2 4 2 6 .2 4 0 6 .7 4 7 4 .2 3 2 7 .0 PERCENTAGE CHANGE FROM P R E V IO U S MONTH 142 9.1 1 4 4 9 .7 1 46 5.8 15 0 8 .5 1626.2 1 7 4 3.3 1 84 7.2 181 3.1 1 7 4 7 .9 1 6 1 8 .4 14 9 0 .5 1 2 5 7 .9 | | | | | | 1 | | | | | j - 0 .5 1*1 2 .5 2 .8 3 .1 3 .1 2 .1 0 .7 - 0 .4 - 2 .0 - 2 .3 - 0 .1 { 10 9 3.1 10 0 0 .7 8 4 3 .8 7 0 0 .5 5 76.2 5 6 3 .2 6 1 3 .5 7 1 3 .6 8 8 5 .4 9 6 4 .8 1 1 2 9.8 1 44 7.2 - 1 .6 0 .3 1*2 1 .5 2 .C 2 .9 2 .4 1 .3 0 .7 - 1 .4 - 1 .0 2 .1 I ) | j | | | 1 6 5 0 .8 1 7 1 7 .4 19 5 4 .4 2 1 7 7 .6 2 3 0 5 .0 23 7 6 .2 23 6 3 .8 | | ) | | | | | | j | | l1 | | | | | | | | | | | | | | | | | | | i1 | | | | | | | | | | | 1 - 0 .1 0 .7 2 .6 2 .8 2 .6 2 .9 2 .0 | 1 | 1 | ) | | 1 | | | | | 1 1 I ) | | I | | | | | | 1 i 1 | | | | | | | YEAR 1 3 .3 1 3 .4 1 3 .2 1 3 .2 1 3 .9 1 4 .6 1 5 .2 1 4 .7 1 4 .2 1 3 .3 1 2 .4 1 0 .3 9 .0 8 .2 6 .7 6 .4 4 .3 4 .1 4 .4 6 .0 6 .3 6 .9 8 .4 1 0 .8 1 2 .5 1 2 .9 1 4 .6 1 6 .0 1 6 .6 1 6 .6 1 6 .1 AVERAGE S I Z E bORROrfERS 1 1 1 1 ) P ERCENT AGE | THOUSANDS | CHANGE FROM 1 1 | 1 P R E V IO U S YEAR 1 1 1 i | | | | | | | | | | | | 1 1 | | | | | | | | | | | | i | | | ) | | | | | | | 1 i 1 | | ) | | | | | t | | 1 1 36207. 36373. 36828. 37424. 38266. 392 33. 39961. 40237. 40130. 39637. 39069. 3 9 2 53 . | | | | | | | 43045. 43218. 43945. 44754. 45494. 46544. 47358. | | | | | | | 3 3 5 .3 3 3 7 .4 341. 7 3 4 5 .5 3 4 8 .4 35 C * 4 3 5 1 .3 3 5 1 .2 3 5 0 .6 34 7 .9 3 4 4 .9 3 4 2 .8 I 1 i 1 1 1 1 1 1 1 1 1 i 1 3 4 1 .2 1 3 4 1 .7 1 3 4 3 .7 1 3 4 6 .2 1 3 4 8 .0 1 3 4 9 .3 1 3 50 . 5 1 3 5 1 .3 1 3 5 0 .8 1 34b. 8 1 3 4 6 .3 1 3 5 3 .4 1 I 1 3 4 5 .8 1 3 4 6 .9 1 3 5 0 .0 1 3 5 3 .2 1 3 5 6 .4 1 3 5 8 .5 1 3 5 9 .3 1 2 .2 2 .1 2 .2 2 .3 2 .4 2 .5 2 .4 2 .4 2 .5 2 .4 2 .4 2 .1 1 .8 1 .3 0 .6 0 .2 - 0 .1 - 0 .3 - 0 .2 0 .0 0 .1 0 .3 0 .4 3 .1 1 *4 1 .3 1 .8 2 .0 2 .4 2 .6 2 .5 1 ( | 1 | DOLLARS 38788. 38950. 3 9C 67 . 39366. 39971. 40571. 4 180O . 42261. 42625. 92 2 7 4 . 42164. 42162. IPERC EN TAG E 1 CHANGE FROM 1 I P R E V IO U S YEAR 1 | | | | | | | | j | | | i 1 I | | j | | | | | j 1 | 1 1 | | | | | | | 1 0 .9 1 1 .0 1 0 .8 1 0 .7 U .2 11 .8 1 2 .4 12. C 1 1 .4 1 0 .6 9 .8 b .O 7 .1 6 .8 0 .1 5 .2 4 .5 4 .4 4 .O 6 .0 6 .2 6 .7 7 .9 7 .4 1 1 .0 1 1 .2 1 2 .5 1 3 .7 1 3 .8 1 3 .6 1 3 .3 TABLE 211.2 PRODUCTION CREDIT ASSOCIATIONS LOANS OUTSTANDING SEASONALLY ADJUSTED DATA U N U OF MONIH ) 1 1 1 1 1 1 1 1 1 .7 7 - JA N ...I —F E B • • • | —M A R .• . | - A P R ...I - M A Y ...I —JO N » • • | - JU L ...I - A U G .• • | - S E P ...I - O C T ...I - N O V ...I -DEC . . . 1 1 1 1978—J A N . • • | - F E B ...I - M A R ... | —A P R « « . | - M A Y ...! - JU N ...I - JU L .. .1 - A U G ...I - S E P ...! —OCT. . . | "N O V . . . ! —DEC . . . | I 1 1979—J A N . • • | - F E B ...I - M A R ...| - A P R ...| —MAY . . . | - JU N • • . i -JUL...! AMOUNT M IL L IO N S OF DOLLARS END OF MONTH 1 2 5 3 3 .1 1 2 6 7 7 .9 1 2 8 1 4 .7 1 2 9 9 3 .7 1 3 1 9 1 .9 1 3 3 7 7 .6 1 3 5 4 7 .0 1 3 6 6 0 .9 1 3 7 5 2 .5 1 38 00 .8 136 13 .1 1 3 6 9 1 .4 1 3 6 6 6 .6 1 3 7 2 7 .0 1 3 6 6 8 .8 1 3 7 13 .8 1 37 78 .6 1 3 9 3 3 .3 1 *1 3 5 .1 1 4 3 3 8 .7 1 46 09 .5 1 4 7 4 6 .8 1 4 9 6 9 .5 1 5 1 7 2 .6 1 5 3 7 4 .3 1 5 5 1 1 .7 1 56 89 .6 159 14 .1 1 60 71 .6 1 62 51 .2 1 6 4 1 3 .3 | ! ! CHANGE FROM P R E V IO U S ! I 1 | MONTH I YEAR | ! | | | | | | | I I ! | 1 1 I | | ! | | | | | | ! | 1 1 | I | | ! | ! PERCENTAGE CHANGE FROM P R E V IO U S MONTH | ( YEAR BORROWERS ! ! i j 1 IP E R C E N T A G E I | CHANGE 1 1 THOUSANDS! FROM | 1 1 | I P R E V IO U S | YEAR | ! 1 1 | I | ( 1 | | | ( ! | | ! | | 1 | 1 9 .0 i 8 .3 | 6 .6 | 5 .5 | 4 .4 | 4 .2 | 4 .3 I 5 .0 ( 6 .2 I 6 .9 t 8 .4 I 1 0.8 1 1 1 1 2 .5 | 1 3 .C | 1 4 .6 | 1 6 .0 | 1 6 .6 | 1 6 .6 | 1.0 | 16.1 | 1 1 7 .7 1 4 4 .9 1 3 6 .7 1 7 9 .0 1 9 8 .2 1 8 5 .7 1 6 9 .4 1 1 4 .0 9 1 .6 4 6 .3 1 2 .3 - 1 2 1 .7 | | ! | | | | | | | | | j 1 4 6 6 .0 1 5 2 7 .5 1 52 4.2 1 5 5 1 .0 16 3 7 .7 1 7 1 2 .6 1 7 7 1 .7 1 7 2 4.6 1 6 8 7.2 15 9 9 .3 1 51 3.3 1 2 7 6 .0 ! | I | | | I | | | | ! j 0 .9 1 .2 1.1 1 .4 1 .5 1 .4 1 .3 0 .8 0 .7 0 .4 0 .1 - 0 .9 - 2 4 .8 6 0 .4 - 3 8 .2 2 5 .0 6 4 .8 1 5 4 .P 2 0 1 .b 2 0 3 .6 2 7 0 .6 1 3 9 .3 2 2 0 .7 2 0 3 .1 | | 1 I | | I | I | ! | 1 1 1 3 3 .5 1 04 9.1 8 7 4.1 7 2 0 .1 5 8 6 .7 5 5 5 .8 5 8 8 .1 6 7 7 .8 8 5 7 .0 9 4 8 .0 1 1 5 6 .4 1 4 6 1 .3 ( | | ! 1 ! | | I | ! | i - 0 .2 0 .4 - 0 .3 0 .2 0 .5 1.1 1 .4 1 .4 1 .9 1 .0 1 .5 1.4 2 0 1 .7 1 3 7 .4 1 7 8 .0 2 2 4 .4 1 5 7 .5 1 7 9 .6 1 6 2 .1 ( | | | | | | 1 7 0 7 .7 1 7 8 4 .7 2 0 0 1 .0 2 2 0 0 .4 2 2 9 3 .0 2 3 1 7 .9 22 7 8 .2 1 | 1 I | | | 1*3 0 .9 1.1 1.4 1 .0 1.1 | ! 1 ! 1 | 1 I ! ! l i 1 1 | | 1 I | 1 | | | 1 ! | 1 1 3 .5 1 3 .7 1 3 .5 1 3 .6 1 4 .2 1 4 .7 1 5 .0 1 4 .4 1 4 .0 1 3 .1 1 2 .3 1 0 .3 34 2 .4 I 3 4 1 .8 i 3 4 2 .9 ! 3 4 3 .9 ! 3 4 5 .0 | 3 4 5 .7 ! 3 4 6 .1 | 3 4 6 .4 | 3 4 7 .3 f 34 7 .9 | 3 4 9 .9 J 3 4 7 .5 | ■ 1 3 4 8 .3 | 3 4 6 .2 ! 345. 1 | 3 4 * .8 | 3 4 4 .7 t 3 4 4 .7 | 3 4 5 .4 | 3 4 6 .5 » 34 7 .6 | 3 4 8 .8 | 3 5 1 .4 ! 3 5 8 .4 | I 1 3 5 3 .G | 3 5 1 .5 | 3 5 1 .5 | 3 5 1 .8 ! 3 5 3 .1 | 3 5 3 .9 | 3 5 4 .1 | 2 .3 2 .2 2 .3 2 .4 2 .5 2 .6 2 .5 2 .4 2 .5 2 .4 2 .4 2 .1 1 .7 1 .3 0 .6 0 .3 - O .i - 0 .3 - 0 .2 c .o 0 .1 0 .3 0 .4 3 .1 1 .3 1 .5 1 .9 2 .0 2 .4 2 .7 2 .5 I | I | ! | | | ! ! I | 1 ( 1 | ! | | 1 I ! | ! I ! | I ! I | | AVERAGE S I Z E DOLLARS 366 G 7. 37089. 37366. 37784. 382 37 . 3 8 6 97 . 39140. 39431. 39599. 3966b. 3 94 75 . 3 9 3 95 . 39234. 3 9 6 51 . 39667. 39777. 3 9 9 76 . 40422. 40927. 41376. 42032. 42287. 42595. 42331. 43549. 44130. 4 4 6 37 . 45239. 45520. 45926* 46352. ! PERCENT AGE ! CHANGE FROM ! ! P R E V IU U S YEAR 1 ! | | ! | | | | j | j j j t | | ! f | | ! | | t | 1 1 | | j | | I ! 1 0 .9 1 1 .2 1C .9 1G .9 1 1 .4 1 1 .8 1 2 .3 1 1 .8 1 1 .2 1 0 .5 9 .7 b .l 7 .2 6 .9 6 .2 5 .3 4 .5 4 .5 4 *6 4 .9 6 .1 6 .6 7 .9 7 .5 li.O 1 1 .3 1 2 .5 1 3 .7 1 3 .9 1 3 .6 13.3 T | 6 TABLE 212.1 P R O DUCT I ON c r LOAN'S MADt LO AN S 1 M IL L IO N S OF 1 1 DOLLARS 1 | | j 1 1 9 7 3 .7 163 0.1 2 1 9 6 .2 1 8 7 4 .2 1 6 6 2 .2 1 6 1 4 .8 1 29 2.0 1 2 6 1 .2 1 2 8 4 .4 1 3 2 5 .8 1 5 4 5 .4 2 1 7 9 .1 | | | | | | | | | | | | 1 1 | | | | | | I | 1 | | | I 1 | | 1 | | | | 1977—J A N • • • | - F E B ...1 —MAR . . . I —A P R • . . | - M A Y ...| —JU N . . . | - JU L ...I - A U G .• • | - S E P . . .1 —U C T .• • | - N O V ...I - D E C ... 1 1 1 1 9 7 8 - JA N ... | —F t b . . . 1 - M A R ... | —AP R • • . | - M A Y ...I —JU N •• • | —J U L . . . | —AUO• . • | - S E P ...I —DC T • • • | - N O V ..• | - D E C ...1 ii 1979—JA N . • • | - F E B .. .| —MAR . . . | —APR . . . | —MAY . . . | - JU N ...| — JU L ... 1 2 0 5 4 .0 1 9 1 1 .6 2 4 1 4 .1 2 0 2 7 .6 1 90 9.4 178 8.1 154 4.2 1 5 9 5 .9 1 57 6.7 180 3.8 1 9 6 7 .1 2 6 0 8 .3 2 6 9 6 .7 2 3 5 0 .4 2 b 6 9 .b 2 6 2 1 .3 2 3 6 2 .4 2 1 4 8 .0 1 9 6 2 .3 | YEAR 1 AS PE k C tN T A G t OP 1 1LOANS OUT—| C U LLEC | ST A N D IN G *! TlUN S | M IL L IO N S OF I DOLLARS I I I | | 1 | | | | | | | | | | | j j | | I | I | | | I | | | 1 1 I | | 1 1 2 2 .1 1 0 0 7 .5 1 3 0 9 .9 1 2 1 1 .3 1 2 0 3 .5 1 2 2 7 .3 1 0 0 0 .6 9 7 9 .2 9 6 1 .8 9 9 8 .9 1 0 5 2 .6 1 3 4 5 .0 | | | | | | | | | | | | t | | | | | 1 | | | I | i l 1 | | | I 1 | | | | 1 | | | ! j | | 1 1 0 .0 1 4.8 1 3 .7 9 .3 17.0 1 2.3 9 .7 8 .8 9 .9 9 .5 3 .9 1 .5 | 1 | | | | | | | » | ! | 1 6 .2 1 6 .1 1 7 .9 1 4 .9 1 2 .8 1 2 .1 9 .4 9 .1 9 .1 9 .4 1 1 .2 1 6 .2 1 | | | | 1 | | | | 1 I 1 6 7 .9 2 0 9 .0 2 1 8 .7 2 1 6 .7 2 0 6 .3 1 9 8 .5 1 8 1 .5 1 44 .9 1 2 5 .5 103 .5 1 1 2 .6 1 6 0 .6 - 5 .7 - 6 .9 26. 3 -1 6 . C - 5 .6 -<>.6 - 1 3 .6 3 .4 - 1 .2 1 4 .4 9. T 3 2 .6 | 1 | | | | | I | | | | i 4 .1 4 .5 9 .9 8 .2 15.6 1 0 .7 1 9.5 2 4 .6 2 2 .8 3 6 .0 2 7 .3 19.7 1 5 .3 1 4 .4 1 6 .2 1 5.1 1 4 .0 1 2 .9 1 0 .8 1 0 .9 1 0 .6 1 2 .1 1 3 .3 1 7 .9 | | I | | | I | 1 1 1 | i 1 46 .5 1 9 0 .9 19C .8 1 8 7 .6 1 7 4 .0 1 7 6 .4 174.6 1 5 1 .4 1 3 8 .7 1 1 0 .2 1 2 3 .6 1 79.8 3 .4 - 1 2 .6 2 2 .9 - 9 .3 - 1 C .3 - 8 .7 - 8 .6 1 | | 3 1 .3 2 3 .0 1 9 .7 2 9 .3 2 3 .2 20.1 27.1 I 1 | 1 | | I I | | 1 I i 1 | | | 1 8.1 1 5 .8 1 9 .3 17. C 1 4 .9 1 3 .2 1 1 .6 1 1 1 1 1 1 1 1 5 8 .4 183 .3 1 9 6 .6 191.4 1 7 2 .5 167 .2 1 5 6 .5 | AND NF W LOANS NEW -8. 1 - 7 .3 2 0 .0 - 1 4 .7 - 1 1 .6 - 2 .3 - 2 0 .0 - 0 .8 0 .2 3. c 1 6 .6 4 1 .1 | | | a sso cia tio n s MADt PERCENTAGE CHANGE FROM P R t V lU U S MONTH ed it | I 1 | | { | | 1 1 7 6 .5 1 0 4 0 .3 144 7 .3 1 2 8 5 .2 1 3 7 4 .3 1 4 0 8 .7 1 2 1 7 .5 1 2 4 6 .2 1 2 3 8 .2 1 4 1 9 .6 1 4 3 9 .1 1 7 4 5 .7 1 6 7 9 .0 1 3 7 8 .5 1 6 3 6 .0 1 7 8 3 .2 1 7 5 9 .7 1 7 4 8 .4 1 5 7 3 .5 | | LO AN S PERCENTADL CHANGE FROM P R E V IO U S MDNTH | YEA R - 1 7 .4 - 1 0 .2 3 0 .0 - 7 .5 - 0 .6 2 .0 - 1 6 .5 - 2 .1 - 1 .8 3 .9 5 .4 2 7 .8 | t ! | ! | | ! | ! | | | 8 .9 1 ^ .5 1 2 .0 6 .3 1 7 .8 6 .6 9 .7 9 .3 7 .9 1 0 .5 2 .7 - 1 .0 - 1 2 .5 - 1 1 .6 39.1 - 1 1 .2 6 .9 2 .5 - 1 3 .6 2 .4 - 0 .6 14.6 1 .4 2 1 .3 | | ! I | 1 ) | | | | | i 4 .8 3 .3 1 C .5 6 .1 1 9.2 1 4 .8 2 1 .7 2 7 .3 2 8 .7 4 2 .1 3 6 .7 2 9 .8 - 3 .8 - 1 7 .9 3 3 .3 - 3 .0 - 1 .3 - 0 .6 - 1 0 .0 ! ) 4 2 .7 3 2 .5 2 7 .0 3 8 .8 2 6 .0 2 4 .1 2 9 .2 ! | | | | | AS PERCENTAGE OF I 1LOANS OUT—| C O L L tC | ST A N D IN G *! T10NS | | I | | | | I | | | | 1 1 | | | | I I | ! | | | | j 9 .2 b .3 1 0 .7 9 .6 9 .3 9 .2 7 .3 7 .0 6 .8 7 .1 7 .6 1 0 .C 1 | i | ! I | | | | I | i 9 5 .5 1 15 .1 1 3 0 .4 1 4 0 .0 1 5 0 .3 1 5 0 .8 1 4 0 .6 1 1 0 .7 9 4 .C 7 8 .0 7 6 .7 9 9 .1 8 .7 7 .9 1 C .5 9 .6 1 0 .1 1 0 .1 8 .5 8 .5 8 .3 9 .5 9 .8 1 2 .0 | | | | | | | | I | | I j 8 3 .9 1 0 3 .9 1 1 4 .4 1 1 8 .6 1 2 5 .2 1 3 6 .9 1 3 7 .9 1 1 8 .2 1 0 9 .0 | | 1 1 .3 9 .3 1 2 .3 | | I 9 6 .6 1 0 7 .5 I 11.6 | 1 1 .1 | 1 0 .8 | 9 .4 | | | | | 86.8 90 •4 1 2 0 .3 126.3 130.2 1 2 9 .0 13o.l 124.7 * OUTSTANDING LOANS AT END OF PR E C E D IN G MONTH. "NEW LOANS** ARE CGMPUTtU AS LOANS MADt LESS RENEWALS. RENEWALS INCLUDE SOME NONAGRICULTURAL LUANS (SEE NOTE UN PAGE 3). TABLE 212.3 7 PRODUCT 1 UN C R ED IT A SSO C IA T IO N S LOANS MADE AND NEW LOANS TWELVE-MONTH MOVING TOTAL LOANS MADE 1 M IL L IO N S OF 1 1 DOLLARS 1 1977—J A N . • • | - F E B ...! —MAR. . . | —A P R . . . | —MAY . . . | —JU N . . . | - JU L ...I - A U G ...! - S E P ... ! - Q C T ...I -NOV. . . | -D EC. . . ! I 1 1 97 8-J A N . . . ! - F E B ...! - M A R ...! —A P R . . . | - M A Y ...| - JU N ...J - JU L ...! - A U G ...! —S E P . . . 1 - O C T ...! - N O V ...! —D EC . . . ! i 1 1 9 7 9 -J A N . . . ! - F E B .. . | - M A R ...! —A P R . . . ! - M A Y ...! - JU N ...! - JU L ...! * | | | ! PERCENTAGE CHANGE FROM P R E V IO U S MONTH 1 8 4 3 4 .4 | 1 8 6 7 0 .5 ! 1 8 9 3 4 .5 | 1 9 0 9 4 .4 | 1 93 34 .2 ! 1 9 5 1 0 .4 ! 1 9 6 2 5 .1 I 1 9 7 2 8 .3 | 198 44 .1 ! 1 9 9 5 9 .4 J 2 0 0 1 7 .1 1 2 0 0 4 9 .3 | 1 1 l.c 1 .3 1 .4 0 .8 1 .3 0 .9 C .o 0 .5 0 .6 0 .6 0 .3 0 .2 2 0 1 2 9 .6 2 0 2 1 1 .1 2 0 4 2 8 .9 2 0 5 8 2 .3 2 0 8 3 9 .5 2 1 0 1 2 .8 2 1 2 6 4 .9 2 1 5 7 9 .6 2 1 8 7 1 .9 2 2 3 4 9 .8 2 2 7 7 1 .6 2 3 2 0 0 .7 0 .4 0 .4 1 .1 0 .8 1 .2 0 .8 1 .2 1 .5 1 .4 2 .2 1 .9 1 .9 ! | | | ! | ! ! I | ! ! I 1 2 3 8 4 3 .5 2 4 2 8 2 .3 2 4 7 5 8 .0 2 5 3 5 1 .7 2 5 7 9 4 .7 2 6 1 5 4 .6 2 6 5 7 2 .7 ! ! | i | ) | 2 .6 1 .6 2 .0 2 .4 1 .7 1*4 1 .6 ! YEAR ! ! | ! | | 1 i | | | | 1 1 1 3 .7 1 3.9 1 2.2 1 1 .4 11.8 1 1.4 1 1 .8 11.1 11.1 1 1 .9 10.4 9 .8 ! I ! | ! ( ! 1 | ! t 9 .2 8 .3 7 .9 7 .8 7 .8 7 .7 ! 1 | ( NEW LOANS | AS PERCENT AGE OF ! I LOANS OUT- * L O L L E C | STANDING* ! T IU N S ! ! i | ) | ! ! 1 ! | I l ! | ! ! | I 8 .H ! 9 .4 | 1 0.2 ! 1 2 .0 ! 1 3 .to ! 1 5 .7 | 18.5 2 0 .1 ! ) I 2 1 .2 | 2 3 .2 2 3 .8 2 4 .5 2 5 .0 I I ! ! 1 5 1 .0 1 5 0 .6 1 5 1 .3 15 1 .6 1 5 2 .9 1 5 3 .6 1 5 4 .9 15 6 .6 1 5 8 .0 1 6 0 .6 1 6 2 .7 1 6 4 .7 « | ! 1 5 6 .9 1 5 7 .3 1 5 8 .0 1 5 7 .7 1 5 8 .0 1 5 7 .7 1 5 6 .8 1 5 5 .7 1 5 4 .8 1 5 3 .9 1 5 2 .8 1 5 1 .6 ! ! AVERAGE OUTSTANDING LOANS DURING THE PR E C E D IN G 1 6 7 .8 1 6 9 .3 1 7 0 .9 1 7 3 .0 1 7 3 .9 1 7 4 .1 1 7 4 .6 1 ( 1 I t ! ! ! ( ! ! ! i 1 1 6 7 .6 1 6 8 .2 1 6 8 .5 1 6 9 .5 1 7 0 .5 1 7 2 .3 1 7 3 .5 1 7 2 .7 1 7 1 .7 1 69 .4 1 6 7 .6 1 6 4 .8 ! 1 i ! 1 6 2 .5 1 6 1 .5 1 5 9 .9 158 .4 1 5 6 .8 1 5 5 .8 1 5 5 .6 1 5 6 .0 156.8 1 5 6 .3 156.8 1 5 8 .8 1 ! ! 1 ! 1 1 ! i i 1 ! ! ! i ! ! 12 MONTHS I M IL L IO N S » OF 1 ( DOLLARS ( | » 1 246C .9 1 2 5 8 1 .0 1 2 7 2 0 .9 1 2 7 9 3 .C 1 2 9 7 5 .2 1 3 0 7 2 .9 1 3 1 6 1 .6 1 3 2 4 4 .7 1 3 5 1 0 .9 1 3 4 0 5 .7 1 3 4 3 3 .3 1 3 4 1 9 .6 | ! | ! ! | ! 1 1 I ! | 1 5 9 .9 1 5 9 .8 1 6 0 .9 1 61 .8 l6 i.8 1 6 1 .4 1 6 0 .2 ( AVERAGE ! | t ! | | ! ! ( ! i C.2 ! i - 0 .1 | | i 1 i ! | ! | I ( I C .4 0 .2 1 .0 0 .5 1 .2 1 .3 1 .5 1 .9 1 .9 2 .8 2 .5 2 .6 i 1 6 5 4 1 .1 1 6 8 7 9 .4 1 7 2 7 0 .1 1 77 68 .1 1 6 1 5 3 .5 1 8 4 9 3 .2 1 8 8 4 9 .2 J ! 1 1 ( | * ! j ! ! 1 3 4 7 4 .0 ! 1 3 5 0 6 .8 1 1 3 6 4 4 .2 ! 1 37 18 .1 ! 1 3 8 8 8 .9 ! 1 4 0 7 0 .3 1 1 4 2 8 7 .2 ! 1 4 5 5 4 .3 ! 1 4 8 3 0 .7 I 1 5 2 5 1 .4 » 1 5 6 3 7 .9 1 1 6 0 3 8 .6 i | MONTH C. 7 1 .0 1 .1 C .6 1 .4 0 .8 0 .7 0 .6 0 .5 0 .7 1 1 1 ! ! ! ! 1 1 1 1 I PERCENTAGE CHANGE FROM P R E V IO U S 1 ! I » ! i ! 3 .1 2 .0 2 .3 2 .9 2 .2 1 .9 1 .9 | ! 1 ! ! | | ! ) I i ) 1 » I ( ! ! ! | YEAR ! AS PERCENTAGE OF | 1LOANS OUT—| C O LLEC J ST A N D IN G *! TIO N S 1 4 .9 15.1 1 3 .0 1 1 .5 1 1 .7 1 0 .6 1 0 .6 1 0 .0 9 .8 1 0 .6 9 .0 8 .5 | I J ! ! ! I i | ! 6 .1 7 .4 7 .3 7 .2 7 .0 7 .6 8 .6 ! | | ! ! 9.9 1 1 .4 1 3.8 1 6 .4 1 9 .5 2 2 .8 2 5 .0 2 6 .6 2 9 .5 3 0 .7 3 1 .4 3 1 .9 ! ! j | I j | ! ! J i ! | ! I ! ! ! 1 0 6 .1 1 0 6 .0 106.1 1 0 5 .6 106.1 1 0 5 .7 1 0 5 .2 1 0 4 .5 1 0 3 .8 1 0 3 .4 1 0 2 .5 1 0 1 .5 ! ! ! | ! ! | 1 ! loi.i ! | 1 0 C .6 1 0 1 .0 ! ! J 1 t .i ! 1 0 1 .9 1 0 2 .6 104 .1 1 0 5 .6 1 0 7 .2 1 0 9 .6 1 1 1 .8 1 1 3 .9 ! ioi 1 1 6 .4 1 1 7 .7 1 1 9 .2 1 2 1 .3 122*5 12 3 .1 123.8 ! | ! ! ! ! ! j ! 1 ! < \ J i 1 1 3 .3 1 1 3 .3 1 1 3 .2 1 1 3 .5 1 1 4 .4 1 1 5 .5 1 1 6 .4 1 1 5 .9 1 1 5 .2 1 1 3 .8 1 1 2 .5 1 1 0 .3 1 0 6 .7 1 0 7 .9 1 C 6 .8 1 0 5 .6 1 0 4 .5 1 0 4 .3 1 0 4 .6 1 0 5 .2 1 0 6 .4 1 0 6 .6 1 0 7 .7 1 0 9 .8 1 1 0 .9 1 1 1 .1 1 1 2 .3 1 1 3 .4 1 1 3 .9 1 1 4 .1 1 1 3 .6 OF END-UF-►MONTH D A T A ). "NEW LOANS** AKE COMPUTED AS LOANS MADE LESS RENEWALS. RENEWALS INCLUOE SUMt NONA GR1 CULTURAL LOANS (SEE NOTE ON PACE 3) TABLE 213.1 8 PRODUCT 1 UN LRtDIT AS SO Cl AT IONS RtNEWALS AND COLLECTIONS RENEWALS 1 MILLIONS | OF i 1 1 DOLLARS l 1 1 1977—JAN.• . | — FEb.• • | —M A R .. . | -APR...| -MAY... | -JUN...| -JUL...1 -AUG...| -SEP...I - O C T .. . | -NOV.. . | -DEC... | 1 1 197b— JAN . . . | -FEB... | -MAR.. . | -APR... | -MAY...| -JUN.. . | —JUL. . . | — AUG . . . 1 -SEP...I -OCT...I -NOV . . . | — DEC . . . 1 i 1 1979— JAN. • • | -FEb...| -MA R . . . | -A P R . . . | — M A Y ... | -JUN... | —JUL. . . 1 851.6 822.7 866•A 6 o 2 •9 448.7 387.6 291.A 302.1 322.6 326.9 492.8 834.2 | | | 1 | | | | | I | 877.5 871.4 966.7 742.5 535.1 379.4 326.6 349.7 338.4 384.2 528.0 862.6 | | | 1 j 1 | | t | | j | | j 1017.7 | 971.9 | 1051.8 | 838.0 | 592.8 | 399.6 | 388.8 | PERCENTAGE CHANGE FROM PREVIOUS MONTH | 8.C -3.4 7.7 -25.2 -32.6 -13.6 -24.8 3.7 6.8 1.6 50. t 69.3 | | 1 | | | | | | | 5.2 -0.7 10.9 -23.2 -27.9 - 2 9 .1 -13.9 7.1 -3.2 13.5 37.4 63.4 | | 18.C - 4 .5 | | I 1 | | | | | | j | | | 1 | | | 6.2 -20.3 | -29.3 | -32.6 | -2.7 | YEAR 11.4 16.4 16.3 15.2 14.7 25.4 9.8 7.1 18.2 6.7 6.5 5.8 1 AS 1 1LOANS OUT| STANDING* | | | | | | | 1 | | | 1 1 i 3.0 | 5.9 | 9.1 | 1 2.0 19.3 -2.1 12.1 15.8 4.9 17.5 7 .2 3.4 | | 1 | | | | | | i 1 16.0 1 11.5 | 6 . b | 12.9 | 10.8 5 .3 19.0 COLLECTIONS | | | 7.0 6 . 6 7.2 5.3 3.5 2.9 2.1 2.2 2.3 2.3 3.6 6 .2 6 .5 6 .6 7.3 5.5 3.9 2.7 2.3 2.4 2.3 2.6 3.6 5.9 6 .8 6.5 7.0 5.4 3.7 2.5 2.3 CENT AGE OF LOANS MADE 43.1 45.G *♦0.4 35.4 27.2 24.0 22 .6 23.6 25.1 24.7 31.9 38.3 42.7 45.6 4U •C 30.6 28 .0 21 .2 21.2 21.9 21.5 4 i •3 2 6 .8 33.1 37.7 41.4 36 .4 32.0 25.2 18.6 19.8 1 MILLIONS OF 1 ICuLLECT. C| DOLLARS I RENEWALS | 1 1 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 42.0 | 46.4 | 46.9 43.4 35.9 32.3 25.0 25.5 29.0 2 0.3 26.4 38.1 | | | | | | | | | | 1 1 | I | I | | | | | | | | | | | | | | | 1 38.5 46.5 43.3 40.7 32.8 27.2 27.C 24.5 22.9 19.C 24.9 37.3 37.4 43.1 42.0 38.C 30.3 23.7 23.6 OUTSTANDING LOANS AT END OF PRtCEDING MONTH. RENEWALS AND COLLECTIONS INCLUDE SOME NONAGR1CULTURAL LOANS ISEE NOTE ON PACE 3). 1175.3 675.5 1004.4 865.0 800.8 813.7 711.8 6 84 .4 1023.3 1281.0 1372.0 1356.7 1402.0 1001.5 1265.1 1081.4 1097.5 1014.0 883.2 1054.2 1136.5 1636.2 1591.3 1450.7 1702.7 1282.2 14 54.9 1369.8 1363.6 1284.3 1261.6 | | | 1 | | | j | | | j | | | | 1 1 | | | | | | 1 1 | | 1 1 i | 1 | | | | | PERCENTAGE CHANGE FROM PREVIOUS MONTH 3.5 -25.5 14.7 -13.9 -7.4 1.6 -12.5 24.3 15.7 25.2 7.1 -I.I | | | | | I | | j | 1 1 1 1 | | | | 1 | | | | 3.3 -28.6 2 6.3 -14.5 1.5 -7.6 -12.9 19.4 7.8 44.C | — 2.7 | -8.8 | j 17.4 | -24.7 | 13.5 | -5.8 | -0.5 | -5.8 | -1.8 | YEAR 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 AS PER 1CENTAGE OF 1LOANS OUT 1 STANDING* 1 1 1 1 1 1 1 1 1 1 1 l 1 19.3 1 14.4 26.C 1 25.0 1 37.0 1 24.6 1 24.1 1 19.2 1 11 .1 1 27.? 1 16.0 1 6 .5 1 1 1 21.4 1 28.G 1 1 5 .0 1 2o .7 1 24.2 1 26.7 1 42.8 1 9.6 7.2 8.2 6.9 6.2 6.1 5.2 6.3 7.2 9. 1 9 .9 10.1 10.4 7 .6 9 .5 8.1 6.1 7.3 6 .2 7 .2 7 .7 10.9 10.8 9 .9 11.4 8 .6 5 .7 8.9 8 .6 7.9 7.6 TABLE 213.3 9 PRODUCTION CREDIT ASSOCIATIONS RENEWALS AND COLLECTIONS TWELVE-MUNTH MOVING TOTAL RENEWALS 1 MILLIONS | OF I 1 1 DOLLARS | 1 1 1977—J A N . . • | — F EB... I —M A R . • . | — AP R . . . | —M A Y . . • | -JUN...I -JUL...| —A U G . • • | -SEP...I —OCT •» . | —N O V .. . | —DEC ... 1 i 1 1978-JAN...| -FEB...I -MAR.• • | — APR.• • | —M A Y . . . | — J U N ...| — JUL... 1 -AUG...I -SEP...I -OCT...I —NOV ... 1 -DEC...I 1 1979— JA N ...) -FEB...I —M A R . . . | -APR...I -MAY...I — JUN. . . | — JU L ... 1 5973.6 6089.5 6213.6 6301.9 6358.9 6937.5 6963.5 6983.6 6533.2 6553.8 6583.8 6629.7 6655.6 6709.3 6789.7 6869.2 6950.6 6992.5 6977.7 7025.9 7041.2 7098.5 7133.7 7162.1 7302.9 7902.9 7488.0 7583.6 7691.2 7661.4 7723.6 | | | | | | | | | | | | 1 1 | | | | | | | | | | | i l 1 | j | | | | | PERCENTAGE CHANGE FROM PREVIOUS MONTH 1.5 1.9 2.0 1.4 0.9 1.2 0.4 0.3 0.8 0.3 0.5 0.7 C .4 0.7 1.2 1*2 1.3 —0. i 0.5 0.7 0.2 0.8 0.5 0.4 2.0 1.4 1.1 1.3 0.6 C.3 0.8 | | | | | | | | | | | | | 1 1 | ) | | | 1 | | | | | | i | | 1 f | | | YEAR 11.3 11.5 10.8 11.4 12.2 13.0 13.8 13.4 13.9 14.6 13.4 12.6 11.4 10.1 9.2 6.9 9.3 7.8 8.0 8.9 7.8 8.3 8.4 8.0 9.7 10.4 10.4 10.5 9.9 1C .9 10.7 C O LLEC TIO N S 1 AS PERCENTAGE OF MILLIONS | | OF | LOANS ICOLLECT. C| DOLLARS | 1LOANS OUT— ) | STANDING*| MADE I RENEWALS 1 1 | ) | | | | | | | | | | I | | | | | | | | | | | | 1 | ( | | | | | SO.9 51.3 51.8 52.0 52.0 52.0 51.6 51.2 51.0 50.5 50.3 50.1 99.9 50.0 50.2 50.6 51.0 SO.7 50.8 51.0 5C.9 51.0 51.C 50.8 51.9 51.6 51.7 S I.8 51.5 51.0 50.7 | | | | | | | | | | | | i 1 | | | | | | | | | | | | i 1 | | | | | | | 32.9 32.6 32.8 33.0 32.9 33.0 32.9 32.9 32.9 32.8 32.9 33.1 33.1 33.2 33 33.9 33.9 33.0 32.8 32 .6 32.2 31.8 31.3 30.5 30.6 30.5 30.2 29.9 29.6 29.3 29.1 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 1 1 1 1 1 1 35.2 35.9 35.6 35.9 35.9 36.2 36.9 3b. 2 36. 1 35.7 36.5 35.3 1 | | | | | | | | | | | 11001.2 11100.8 11233.9 11267.7 11337.8 11323.1 11311.5 11926.1 11557.3 11783.9 11992.9 12163.9 39.9 39.9 39.7 39.6 39.3 39.0 33.8 33.7 33.6 33.2 32.9 32.9 | | | | | | 1 | | | | | 12390.6 12516.7 12777.4 12993.9 13250.6 13490.8 13662.2 13632.0 13945.2 143C0.4 14519.7 14613.7 32.9 32.8 32.7 32.6 32.9 32.1 31.8 | | | | j 1 | 14915.4 15195.1 15389.8 15673.2 15939.3 16209.7 16588.1 | | | | | | | | | | | | j | | | | | 1 | | | | | | 1 1 | | 1 | | 1 | * AVERAGE OUTSTANDING LOANS DURING THE PRECEDING 12 MONTHS (AVERAGE UP END—O F —MONT H DATA). RENEWALS AND COLLECTIONS INCLUDE SOME NONAGRICUL TURA L LOANS (SEE NOTE ON PAGE 3) PERCENTAGE CHANGE FKUM PREVIOUS MONTH 1.0 0.9 1.2 C.3 0.6 -0.1 -0.1 1.0 1-1 2.0 1.9 l.E 1*9 l.C 2.1 1-7 2.3 1*5 1.3 1.2 0.8 2.5 1*5 0.6 2.1 1.9 1.2 1.9 1.7 1.7 2.3 | | | | | | | | t 1 | | | i | | | | | | | 1 1 | | | 1 1 | 1 | 1 | j YEAR 13.8 12.8 10.6 9.7 9.9 7.7 8.0 8.7 9.9 12.3 10.9 11.7 12.6 12.6 13.7 15.3 17.2 19.1 20.8 21.1 20.7 21.9 21.6 20.1 20.4 21.4 20.4 2 0.6 19.9 20.2 21.4 | AS PERICENTAGE QF| 1LOANS OUT— | | STANDING*! | | | | | | | | | | | f 1 | | 1 | | | | 1 | | | | i I | | | | | | | 93.7 93.6 93.7 93.1 92.7 91.5 90.4 9C.2 90.1 90.9 91.2 92.0 93.0 93.3 94.6 95.7 97.5 96.6 99.5 100.9 IOC.8 102.8 103.8 103.7 105.0 105.9 106.2 107.0 107.5 107.9 109.0 AGRICULTURAL FINANCE DATABOOK— MONTHLY SERIES 220 FED ERA L LAND BANKS 221 A CTUAL....................................................................................................................................... 11 LOANS CLOSED 2 2 2 .1 2 2 2 .3 223 LOANS) LOANS OUTSTANDING 2 21 .1 222 (A G R IC U LT U R A L AUGUST 1979 ACTUAL................................................ 12 12-MONTH MOVING TO TAL..................................................................................................... 13 NEW MONEY LOANED 2 2 3 .1 ACTUAL....................................................................................................................................... 1* 2 2 3 .3 1 2 - M O N T H M O V IN G 224 R EF IN A N C IN G T O T A L .................................................................................................................................................................................................. 1 5 AND REPAYMENTS 2 2 4 .1 ACTUAL ................................................................................................................................................................................................................................................................... 1 6 2 2 4 .3 1 2 -M O N T H M O V IN G SO URCE: T O T A L .................................................................................................................................................................................................. 1 7 "F E D E R A L LAND BANKS— SUMMARY OF SE LEC T ED MONTHLY LOAN D A T A ," TECHNICAL S E R V IC E S D IV IS I O N , FARM C RED IT A D M IN IS T R A T IO N . DATA IN T H IS SEC T IO N ARE O BTAIN ED FROM T IM E L Y MONTHLY REPORTS WHICH ARE NOT R E V IS E D TO R EFLE C T ANY SUBSEQUENT CHANGES OR C O RR EC T IO N S. I F ONLY YEAR-END DATA ON OUTSTANDING LOAN VOLUME ARE R E Q U IR E D , USE THE S E R IE S IN SEC T IO N 100 OF THE AGRICULTURA L F I NANCE DATABOOK— ANNUAL S E R I E S . NOVEMBER 1977. 10 TABLE 221.X FED ERA L LANO BANKS LOANS uUTSTANDING I END OF MONTH) AHOUNT 1 | 1 I OUT| CHANGE FROM PREVlUUSl I STANDING | 1 | 1 1 HONTH | YEAR 1977-JAN... | -FEB... | -MAR... I -APR... I - H A Y ... —JU N . . . —J U L ••• - A U G ... - S E P ... - O C T ... - N O V ... - D E C ... | I | I I I I I j MILLIONS OF DOLLARS 18692.7 18921.9 19330.8 19625.0 | | | 1 168.5 229.2 409.0 294.2 1 9 9 1 6 .8 2 0 1 9 0 .2 2 0 4 4 0 .8 2 0 6 5 8 .0 2 0 6 7 3 .7 2 1 0 5 7 .0 2 1 2 5 8 .2 2 1 4 6 6 .3 | | | | I | | 1 9 7 8 - JA N ... I —FEB.•• I *^ A R *. . I - A P R ... | - M A Y . .. | - JU N ... | —J U L . . . | - A U G ... I -SEP... | - O C T ... | —NOV. . . | -OEC... |j 2 1 6 7 2 .2 2 1 6 9 5 .7 2 2 2 3 4 .1 2 2 4 8 0 .7 2 2 8 0 6 .7 2 3 1 3 0 .7 2 3 3 9 4 .6 2 3 6 7 7 .6 2 3 9 3 8 .7 2 4 2 1 0 .9 2 4 4 6 0 .7 2 4 6 6 8 .0 1979—J A N . •• | —FEB... | —H A R .. . | —A P R . . . | - H A Y ... | - JU N ... I —J U L ... | 2 5 0 5 3 .0 2 5 3 5 7 .8 2 5 8 5 0 .9 2 6 2 9 4 .1 2 6 7 8 0 .9 2 7 2 6 1 .0 2 7 6 5 7 .7 | j | | 1 | | | | | | | | | j | 1 | | | | | | | | | 2502.8 2552.3 2631.0 2678.8 | | I | 2 9 1 .8 | 2 7 3 .4 | 2 5 0 .6 | 2 1 7 .2 1 2 1 5 .7 | 1 8 3 .3 | 2 0 1 .2 I 2 0 8 .1 | j 2 7 5 7 .3 2 7 8 7 .0 2 8 1 6 .1 28 5 1 .8 2 8 9 1 .5 29 0 9 .3 29 3 8 .0 2 9 4 2 .1 | | | I | | 1 1 | | | | | 2 9 7 9 .5 2 9 7 3 .8 2 9 0 3 .2 28 5 5 .7 28 8 9 .9 2 9 4 0 .4 2 9 5 3 .7 3 0 1 9 .6 30 6 4 .9 3 1 5 3 .9 32 0 2 .5 3 2 0 1 .7 2 0 5 .6 2 2 3 .5 3 3 8 .4 2 4 6 .6 3 2 6 .0 3 2 4 .0 2 6 3 .9 2 8 3 .0 2 6 1 .1 2 7 2 .3 2 4 9 .8 2 0 7 .3 3 6 5 .0 3 0 4 .6 4 9 3 .1 4 4 3 .2 486 .8 4 8 0 .1 3 9 6 .7 | | | | 1 | | j 1 | 1 | | | | 33 6 0 .8 3 4 6 2 .1 3 6 1 6 .8 3 6 1 3 .4 39 7 4 .2 4 1 3 0 .4 4 2 6 3 .1 ■ | | t | | | | | | | | | | f | | | 1 | | PERCENTAGE CHANGtr FROM P R E V IO U S HONTH | 1 0.9 | 1.2 1 2 .2 ( 1.5 | 1 .5 1*4 1 .2 1 .1 1 .0 0 .9 1 .0 1 .0 1 .0 l.C 1 .5 1 .1 1 .4 1 .4 1.1 1 .2 1.1 1*1 1 .0 | | 1 1 | | | | i 1 | I | | | | | | | 1 | 0.6 | l 1 1 .6 1 .2 1 .9 1 .7 1 .9 | 1 | | | 1.6 | 1 .5 | YEAR 1 i I | 1 1 | NUMBER IP tftC E N T A G E l THOUSANDS | CHANGE | 1 FROM L A S T I | 1 YEAR 1 1 5 .5 1 5 .o 1 5 .8 1 5 .6 1 6 .1 1 6 .0 1 6 .0 1 6 .0 1 6 .1 1 6 .0 1 6 .0 1 5 .9 1 5 .9 1 5 .7 1 5 .C 1 4 .6 1 4 .5 1 4 .6 1 4 .5 1 4 .6 1 4 .7 1 5 .0 1 5 .1 1 4 .9 1 5 .6 1 5 .6 1 6 .3 1 7 .C 1 7 .4 1 7 .9 1 8 .2 | | | 1 | | | | | | | | 1 1 | | | | | | | | | | | | j | | | | | | | 1 i 4 5 0 .9 4 5 1 .5 4 5 2 .9 4 5 3 .8 4 5 4 .6 4 5 6 .0 4 5 7 .0 4 5 7 .8 4 5 8 .6 4 5 9 .1 4 5 9 .2 4 5 9 .5 4 5 9 .8 4 6 0 .4 4 6 1 .3 4 6 1 .8 4 6 3 .1 4 6 4 .6 4 6 5 .9 4 6 7 .2 4 6 6 .4 4 6 9 .5 4 7 0 .3 4 7 1 .2 4 7 2 .5 4 7 3 .8 4 7 6 .0 4 7 7 .8 4 8 0 .0 4 8 2 .4 4 8 4 .6 AVERAGE (PERCENTAGE DOLLARS | CHANGE 1 FROM LAST I 1 1 1 I I 1.7 | | | 1.8 | 414 57. | 41909. j 42684. | 1 1 1 1 1 I 1 1 1 .7 1 .6 1.8 1 .6 1 .8 1*9 1 .9 1 .9 43792. 44273. 44732. 45124. 45519. 45868. 46269. 46714. 1 1 1 1 1 1 1 1 1 1 2 .0 2 .0 1 .9 1 .8 1 .8 1 .9 2 .0 2 .1 2 .1 2 .3 2 .4 2 .5 | 1 1 | 1 | | 1 1 | | | j 47136. 47559. 48193. 48680. 49247. 49787. 5 0 2 13 . 50677. 51104. 51564. 5 20 1C . 5 23 55 . 2 .8 2 .9 3 .2 3 .5 3 .6 3 .8 4 .0 | | | | | | 5 30 20 . 5 3 5 22 . 54304. 3 50 30 . 55793. 5 65 10 . 5 70 70 . 1 1 1 1 1 1 1 1 1 1 ( 1 1 .8 1 .8 | | | | | | | | | | SIZE YEAR 1 43243. | | | | | ( | ( | j | | | | | | | | | | | 1 j | | | | | | | 13.5 13.6 1 3 .8 1 3 .8 1 4 .1 1 4 .0 1 4 .0 1 4 .0 1 4 .0 1 3 .9 1 3 .6 1 3 .7 1 3 .7 1 3 .5 1 2 .9 1 2 .6 1 2 .5 1 2 .5 1 2 .3 1 2 .3 1 2 .3 1 2 .4 1 2 .4 12.1 1 2 .5 1 2 .5 1 2 .7 1 3 .0 1 3 .3 1 3 .5 1 3 .7 TABLE 2 2 2 .1 FED ERA L LAND BA I LOANS CLOSED 1 1 1 1 M IL L IO N S OF 1 CO LLARS I 1 AMOUNT 1 | | I PEkCfcNTAGfc CHANGE FROM P R E V IO U S MONTH ! YEAR 1977—J A N . •• | - F E B ...I —MAR. . . | - A P R ...| —MAY . . . | - JU N ...| —J O L . . . I - A U G ..• | - S E P ...| -OCT . . . | —NOV. . . | —DEC . . . | 1 1 1978—J A N . • • | - F E B ...! - M A R ...! - A P R .. . | - M A Y ...I —JU N . . . | —J U L . . . 1 —AUG. . . 1 —S E P . . . | - O C T ...! —NOV. . . 1 —DE C . . . 1 | 4 6 3 .7 4 2 9 .3 6 7 9 .0 3 2 1 .3 3 1 8 .3 3 0 6 .0 4 9 2 .2 4 0 2 .9 3 7 9 .7 3 3 8 .6 4 1 8 .9 4 4 8 .9 | 1 | | 1 | 1 | | | ( | 1 6 .0 - 7 .4 5 8 .1 - 2 3 .2 - 0 .6 - 2 .4 - 2 .7 - 1 8 .2 - 5 .7 - 5 .6 1 6 .8 7 .2 I | | | | 1 » 1 ! ! | I j 1 8 .0 2 3 .8 2 8 .7 1 9 .4 4 2 .5 2 4 .9 3 4 .1 2 5 .6 1 7.5 1 4 .4 1 9 .5 2 .6 5 0 2 .7 4 3 3 .0 6 1 8 .9 4 9 2 .1 5 7 0 .7 5 5 9 .7 4 6 1 .9 4 8 0 .7 4 5 4 .9 4 8 5 .9 4 7 0 .3 4 8 3 .1 | ! | | | | ! | | ! | ! | 1 2 .C - 1 3 .9 4 2 .9 - 2 0 .3 1 6 .0 - 1 .9 - 1 7 .5 4 .1 - 5 .4 6 .8 - 3 .2 2 .7 | ! t | | | | | | j | | j 8 .4 0 .8 - 8 .8 - 5 .6 lw .i 1C .6 - 6 .2 1 9 .3 1 9 .8 3 5 .5 1 2 .3 7 .6 1979—J A N . • • | - F E B ...! - M A R ...! - A P R ...! —MAY. . . 1 —JU N . . . | - JU L ...! 7 3 4 .4 3 3 0 .7 7 9 8 .9 7 3 3 .0 7 9 0 .2 7 4 7 .5 6 5 7 .4 | | | | 1 | 1 5 2 .0 - 2 7 .7 5 0 .5 - 8 .2 7 .8 - 5 .4 - 1 2 .C | I ! | | 4 6 .1 2 2 .6 2 9 .1 4 9 .0 3 8 .5 3 3 .5 4 2 .3 | | NUMBER 1 1 i 1 ! PERC EN TA G E! | 1 THOUSANDS I change ! 1 1 FRUM L A S T ! YEAR ! | 1 | t | | ) ! 1 I | | | 1 i 1 ! | | | ! I ! | | | | | i 4 .9 4 .5 5 .9 4.9 5 .9 5 .9 4 .8 3 .3 4 .7 5 .2 5 .2 5 .2 1 | | | | | | | • OUTSTANDING LOANS AT t NO OF PRECEDING MONTH. 4 .9 4 .7 6 .8 5 .6 5 .8 5 .9 4 .8 4 .8 4 .5 4 .4 4 .8 5 .0 J ! | | ! | ! | » ) j ( 1 1 | | | | | | | | I ! | ! 1 6 .2 5 .0 6 .9 6 .1 6 .9 | | ! | | 6.6 6.2 | ! AVERAGE DO LLARS SUE AS 1PERCENT AGE ( CHANGE I FROM LAST YEAR ! 2 .4 5 .6 6 .6 4 .6 1 9 .0 13.4 7 .3 1 0 .1 7 .0 6 .4 8 .5 - 0 .9 I ( j | | ( 1 | | j | ( 94058. 91013. 99833. 92640. 892 7 3 . 86233. 1 02 88 8. 83792. 85203. 82240. 86442. 89729. | 1 | | 1 | | | | I | | • 1 5 .3 17.2 2 0 .7 14.1 1 9 .8 1 0.2 2 4 .9 - 0 .2 - 4 .7 - 1 3 .3 - 1 2 .8 1 .2 0 .4 1 .3 1 0 .9 4 .4 1 9 .9 6 .5 3 .C | | | I | | | | | | 1 | 102187. 96334. 104921. 100235. 97164. 95029. 95272. 90130. 97744. 92918. 91087. 93784. | | | | | | 1 | | | | | j 8 .6 5 .8 5 .1 4 .2 8 .8 10.2 - 7 .4 7. 6 1 4.7 13.0 5 .4 2 6 .4 1 0 .2 1 7 .1 2 4 .6 1 8 .3 1 2 .7 2 8 .3 | | ! | | | 1 118095. 107147. 115682. 119910. 113716. 112593. 105705. | | | | | | | PERCENTAGE OF LOANS I OUT| ST A N D IN G *| 1 R EPA Y MENTS 2 .5 2 .3 3 .6 2 .7 2 .6 2 .5 2 .4 2 .0 1 .6 1 .7 2 .C 2 .1 | | | t | I | I | | 1 ! 1 22 3 .4 3 6 7 .1 4 7 5 .2 4 7 5 .5 4 5 7 .7 4 0 3 .8 3 7 4 .2 4 3 5 .2 5 1 6 .3 3 8 9 .3 3 4 0 .3 3 0 4 .0 4.3 2 .3 2 .0 2 .8 2 .2 2 .5 2 .5 2 .0 2 .1 1 .9 2 .0 1 .9 2 .0 ! ! ! ! 1 1 ! 1 | | | | j 2 4 7 .1 3 6 0 .? 4 0 6 .3 38 0 .8 4 4 7 .4 4 7 3 .0 4 5 3 .3 4 7 3 .5 52 3 .6 4 2 9 .8 3 7 9 .6 2 7 1 .0 1 5 .6 11 .2 1 0 .3 1 9 .6 1 7 .0 1 8.5 10.9 3 .0 2 .1 3 .2 2 .8 3 .0 2 .8 2 .4 | 1 ! I | I | 3 3 7 .9 4 3 1 .6 5 0 6 .5 5 3 4 .5 6 0 4 .1 6 4 0 .0 5 3 4 .6 14.1 9 .8 7 .5 1C.1 3 .5 TABLE 222.3 13 FEDERAL LAND BANKS LOANS C L U S tD T W E L V E - M O N T H M O V I N G TOTAL I 1 1 1 M IL L IO N S OF 1 1 DOLLARS 1 AMOUNT | | | I PERCENTAGE CHANGE FROM P R E V IO U S MONTH | YEAR NUMBER | 1 1 1 ii | I PERCENT AGE I | THOUSANDS | CHANGE 1 | FRUM L A S T ! 1 | I YEAR | AVERAGE 1 AS PERCENTAGE OF i■ 1PERCENT Ab E I LOANS | OUT| D OLLARS | CHANGE 1 REPA Y I FROM L A S T I ST A N D IN G *! MENTS YEAR | 1 1 1977—J A N . • . | - F E B ...I —MAR. . . | —AP R . . . | —MAY. . . | —JU N . . . | - JU L ...I - A U G ...I - S E P ...1 —OCT . . . 1 —NOV. . . | - D E C ...| l 1 4 6 5 6 .1 4 7 3 8 .7 4 8 9 0 .1 4 9 7 5 .0 5 1 2 9 .6 5 2 3 0 .6 5 3 5 5 .7 5 4 3 7 .9 5 4 9 4 .4 5 5 3 9 .4 5 6 0 7 .7 5 6 1 9 .1 | 1 | | | | | | | | | | i 1 1 .5 1 .6 3 .2 1 .7 3 .1 2 .0 2 .4 1 .5 1 .0 0 .8 1*2 0 .2 | ) | | 1 | | | | | | | 1 1 1U.5 1 2 .4 1 3 .7 1 4 .6 18.6 2 0 .0 2 1 .9 2 2 .8 2 3 .7 2 4 .9 2 4 .0 2 2 .5 | | | | | | | | | | I | l 1 5 7 .6 5 8 .1 5 8 .5 5 8 .7 5 9 .7 6 0 .4 6 0 .7 6 1 .1 6 1 .4 6 1 .7 6 2 .1 6 2 .0 1 1 1 1 1 1 1 1 1 1 1 1 l 1 - o .o | 1 .5 | 1 .1 1 1 .8 | 4 .2 | 5 .4 | 6 .5 ) O •6 ) 7 .3 | 8 .4 | 7 .7 I 7 .5 | f 1 8C548. 81622. 83619. 84707. 85986. 86oo9. 88264. 88970. 89470. 89819. 90369. 9C616. 1978—J A N . • • | - F E B ...| - M A R ... | —A P R • • • | —M A Y .• • | - JU N . . . | —J U L . . . | —AUG. . . 1 —S E P . . . 1 - O C T ...1 - N O V ...1 —DEC . . . 1 i 1 5 6 5 8 .0 5 6 6 1 .6 5 6 0 1 .5 5 5 7 2 .3 5 6 2 4 .7 5 6 7 8 .4 5 6 4 8 .1 5 7 2 5 .9 5 8 0 1 .0 5 9 2 8 .2 5 9 7 9 .6 6 0 1 3 .6 | | | | | | | | | | | | 1 1 0 .7 0 .1 “ 1 .1 - 0 .5 0 .9 1 .0 - 0 .5 1 .4 1 .3 2 .2 0 .9 0 .6 | | 1 | | | | | 1 | | | 1 2 1 .5 1 9 .5 1 4.5 1 2 .0 9 .? 8 .6 5 .5 5 .3 5 .o 7 .0 6 .6 7 .0 6 2 .0 6 1 .8 O 0 .9 6 0 .2 6 0 .2 6 0 .2 6 0 .3 6 0 .8 6 1 .0 6 1.9 6 2 .2 6 2 .4 1 1 1 i 1 1 1 1 1 I 1 1 i 1 7 .3 | 6 .9 | 4 .1 | 2 .4 | 0 .9 | - 0 .2 | - 0 .6 | - 0 .5 | —O . o ) 0 .4 j 0 .3 I 0 .6 | | 1 912 6 0 . 91698. 92020. 92634. 93400. 94257. 93654. 94125. 95052. 9 5774. 96112. 96432. 1979—J A N . . . | - F E B ...I —MAR• • • | - A P R . . .1 - M A Y ... | - JU N .. . | - JU L ...I 6 2 4 5 .6 6 3 4 3 .2 6 5 2 3 .2 6 7 6 4 .2 6 9 6 3 .6 7 1 7 1 .4 7 3 6 7 .0 | | | | | | [ 3 .9 1 .6 2 .8 3 .7 3 .2 2 .7 2 .7 | | | | | | | 10.4 1 2.0 1 0.5 2 1 .4 2 4 .2 2 6 .3 3 0 .4 | | | | | | | | | | | | 1 1 | | | [ | | | 6 3 .7 6 4 .1 6 5 .1 6 6 .3 6 /.4 6 8 .2 0 9 .5 l 1 1 1 1 1 1 2 .7 6 .8 7 .0 1 0 .3 1 1 .9 1 3 .1 1 5 .3 | | | | | 1 | 98104. 96926. 1 00 16 0. 1C 1973• 10 3o 0 3 • 1 05 21 9. 1 05 95 6. | | | | j j | | | | | | 1 1 | | | | | | | | | | | j i 1 | | | | | | | S IZ E 10.5 1 0 .7 1 2.4 12.5 1 3.7 16.9 1 4 .4 15.2 1 5 .3 15.3 15.2 19.0 | | | | | | | | | | | | 1 2 6 .7 2 6 .9 2 7 .4 2 7 .5 2 8 .0 2 8 .2 2 8 .6 2 8 .6 2 6 .6 2 8 .5 2 8 .4 2 8 .2 1 3.3 1 2 .3 10.0 9 .9 8 .6 8 .8 6 .1 5 .8 6 .2 6 .6 6 .4 6 .4 | | | | | | | | I j | | 1 2 8 .0 2 7 .7 2 7 .1 2 6 .6 ^ 6 .6 2 6 .5 2 6 .1 2 6 .1 2 6 .2 2 6 .4 2 6 .4 2 6 .2 7 .5 7 .9 8 .8 10.1 1 0.9 11.6 13.1 | I | 1 | | | 2 6 .9 2 7 .0 2 7 .4 2 8 .1 2 6 .6 2 9 .0 2 9 .4 * AVERAGE OUTSTANDING LOANS DURING THE PRECEDING 12 MO NT HS (AVERAGE OF END—OF—MONT H DATA) | | I | | | | | I | | | I 1 | 1 | j j | | | | | I | 1 1 | | | | j | | 3 7 4 .3 3 7 6 .7 3 7 8 .9 38 2 .9 38 5 .3 3 8 0 .1 3 7 4 .8 3 7 5 .3 38 0 .7 3 8 1 .2 3 8 1 .5 3 8 0 .6 3 8 4 .4 3 8 3 .8 3 7 7 .3 3 7 0 .4 3 7 0 .4 3 7 5 .7 3 8 1 .1 3 8 9 .1 3 8 5 .7 3 8 8 .7 3 9 1 .9 3 86 .9 3 9 7 .7 4 0 6 .2 4 1 3 .2 42 6 .3 4 3 9 .3 4 5 1 .5 4 5 7 .8 14 TABLE 223.1 FED ERA L LAND bANKS NtW MONEY LOANED 1977—JA N . . • | - F E b ...| - M A R ...I —A PR •.. | - M A Y ... | —J U N . . . | —J U L . . . 1 - A U G ...| - S E P ...! - O C T ...I —NUV. . . | - D E C ...1 i 1 1978—JAN . . . | - F E B ...I - M A R ...| - A P R .. . | - M A Y .. . | —J U N . . . | —J U L . • • i - A U G ...I — SE P . . . | - O C T ...I —NOV...| —DEC ... 1 l 1 1979—JAN...| - F E B ...I —MA R .. . | —APR ... | -MAY...! -JUN...) -JUL...! 3 7 6 .1 3 4 6 .2 5 5 1 .9 4 0 3 .9 4 0 5 .0 3 9 8 .7 3 8 2 .1 3 0 9 .8 2 8 9 .3 2 7 5 .4 3 2 4 .3 3 5 5 .8 4 0 9 .3 3 4 3 .7 4 9 0 .7 3 7 5 .8 4 5 3 .5 4 4 2 .3 3 6 5 .8 3 8 4 .5 3 4 7 .5 3 8 5 .3 3 7 3 .7 3 8 5 .6 6 0 2 .3 4 2 7 .7 6 5 0 .8 5 8 0 .3 6 1 7 .7 6 9 6 .9 5 1 9 .7 ! | | ! | | | ! | | | | | | | | 1 1 | ! | | | ! | t | ! ! | i I ) | | ! I | PERCENTAGE CHANGE FROM P R E V IO U S MUNTH | YEAR 8 .9 - 8 .0 5 9 .4 - 2 6 .8 C .3 - 1 .6 - 4 .2 - 1 8 .9 - 6 .6 - 4 .8 1 7 .7 9 .7 ! ! J | | | | | ! » | | 1 1 5 .7 2 2 .5 2 5 .2 16.3 3 7 .6 2 3 .0 2 8 .1 2 1 .0 13.3 11.2 1 6.3 3 .0 1 5 .G —16 • 0 4 2 .8 - 2 3 .4 2 0 .7 - 2 .5 - 1 7 .3 5 .1 - 9 .5 10. t - 3 .C 3 .2 | j | ! | | | J 8 .8 - 0 .7 - 1 1 .1 - 6 .9 1 2.0 1 0.9 - 4 .3 2 4.1 2 0 .3 3 9 .9 15.2 8 .4 5 6 .2 ! -29. C | 5 2 .1 » - 1 0 .8 | 6 .4 j - 3 .4 | - 1 2 .4 | 4 7 .2 24 .4 3 2 .6 5 4 .4 3 6 .2 3 4 .9 4 2.1 | | | | j AS PER C EN TA bt OF i ! ILOANS OUT-! LOANS CLOSED 1 STAND 1NG*! ! ( » » 1 i ! 1 1 i » » i 1 1 1 ! 1 ! ! 1 i l 1 ( 1 i I l i ! 1 1 i 1 ♦ OUTSTANDING LOANS AT END OF PR EC ED IN G MUNTh. 2 .0 1 .9 2 .9 2 .1 2 .1 2 .0 1.9 1 .5 1 .4 1 .3 1 .5 1 .7 ( ! I ! | ! I ! | 1 | | i 8 1 .1 8 0 .6 8 1 .3 7 7 .5 7 8 .1 7 8 .8 7 7 .6 7 6 .9 7o»2 7 6 .8 7 7 .4 7 9 .3 1 .9 1 .6 2 .2 1 .7 2 .0 1 .9 1.6 1 .6 1.5 1 .6 1 .5 1 .6 | ! 1 l t i 8 1 .4 7 9 .4 7 9 .3 7 6 .4 79.5 7 9 .C 7 9 .2 8 0 .C 7 6 .5 7 9 .3 7 4 .5 7 9 .8 2 .4 1 .7 2 .6 2 .2 2 .3 2 .2 1 .9 ! | ! | 1 | 1 1 | | | | | | ! cr vr 1 M IL L IO N S OF 1 1 DOLLARS 1 8 2 .0 8 C .6 8 1 .8 7 9 .2 7 8 .2 7 9 .9 7 9 .0 TABLE 223.3 FED ERA L LAND BANKS NEW MONEY LOANED TWELVE-MONTH MOVING TOTAL 1 M IL L IO N S OF 1 1 DOLLARS 1 1977—JAN . . . | —F E B . . . | —MA R . . . | - A P R ...I —MAY . . . | —JU N . . . | —J U L . . . ) - A U G ...! - S E P ...I - O C T ...I - N O V ... | - D E C ...1 l1 I 978—J A N . • • | - F E B ...| —MAR. . . I —APR . . . I —MAY . . . | - JU N ...| - J U L . . .1 —AUG. . . | - S E P ...| —OC T . . . I -NOV . . . I - D E C ...! i 1 1979—JA N • • • | - F E B ...| - M A R ...I - A P R ...! - M A Y ...I —JU N . . . | - J U L . . .1 3 7 4 6 .6 3 8 1 0 .3 3 9 2 1 .6 3 9 7 8 .0 4 0 6 8 .7 4 1 6 3 .2 4 2 4 7 .1 4 3 0 0 .8 4 3 3 4 .7 4 3 6 2 .5 4 4 0 8 .0 4 4 1 8 .3 | | | 1 | | 1 I | | | | | | 1 | I 1 4 4 5 1 .5 | 4 4 4 9 .1 | 4 3 8 7 .9 | 4 3 5 9 .9 | 4 4 0 8 .4 | 4 4 5 2 .0 | 4 4 3 5 .7 | <*510.5 I 4 5 6 9 .1 | 4 6 7 9 .0 | 4 7 2 8 .5 | 4 7 5 8 .2 | I 1 4 9 5 1 .3 | 6 0 3 5 .3 | 5 1 9 5 .4 | 5 3 9 9 .9 | 5569-. C | 6 7 1 8 .6 | 5 6 7 2 .6 | PERCENTAGE CHANGE FROM P R E V IO U S MONTH | 1 .4 1 .7 2 .9 1 .4 2 .8 1 .6 2 .0 1 .3 0 .8 0 .6 1 .0 0 .2 | | | | | | I ! I | | | 1 0 .6 | -0. 1 | - 1 .4 | - 0 .6 | 1 .1 I l.C I - 0 .4 | 1 .7 | 1 .3 | 2 .4 | 1 .1 | 0 .6 | 1 4 .1 l. ? 3 .2 3 .9 3 .C 2 .6 2 .7 ! ! | | | | | YEAR 8 .0 10.0 1 0.9 1 1.8 1 5 .6 17.1 1 8 .5 1 9 .5 2 0 .2 2 1 .5 2 0 .4 1 9 .6 1 8 .6 1 6 .8 1 1.9 9 .6 7 .8 6 .9 4 .4 4 .9 5 .4 7 .3 7 .3 7 .7 11.2 1 3 .2 1 8.4 2 3 .9 2 6 .2 2 8 .4 3 2 .4 AS PERCENTAGE GF t I LOANS 1LOANS UUT-I | ST A N D IN G *| CLOSED I | ! t | 1 | | | 1 | | i 1 | | | | | | | I | | | | i 1 | ) | 1 | | 2 1 .5 2 1 .6 2 2 .C 2 2 .0 2 2 .3 2 2 .5 2 2 .6 2 2 .6 2 2 .5 2 2 .4 2 2 .4 2 2 .1 2 2 .0 2 1.8 2 1 .2 2 0 .8 2 0 .8 2 0 .8 2 0 .5 2 0 .6 2 0 .6 2 0 .9 2 0 .8 2 0 .7 2 1 .3 2 1 .4 2 1 .8 2 2 .4 2 2 .8 2 3 .1 2 3 .4 f | | | | | | | | | | | 1 1 | | | | | | | | i | | | i 1 | I | | | j | 8 0 .5 8 0 .9 8 0 .2 8 0 .0 7 9 .7 7 9 .6 7 9 .3 7 9 .1 7 8 .9 7 8 .8 7 8 .6 7 8 .6 7 8 .7 7 8 .6 7 8 .3 7 8 .2 7 8 .4 7 8 .4 7 8 .5 7 8 .8 7 8 .8 7 8 .9 7 9 .1 7 9.1 7 9 .3 7 9 .4 7 9 .6 7 9 .8 7 9 .7 7 9 .7 7 9 .7 * AVERAGE OUTSTANDING LLANS DURING THE PRECEDING 12 MONTHS (AVERAGE OF END-OF-MONTH DATA) TABLE 224.1 16 FEDERAL R E F IN A N C IN G LAN D B A N K S AND R E P A Y M E N T S R EFIN A N C IN G OF FED ERA L LAND BANK LOANS 1 1 1 J AS PERCENTAGE OF PERCENTAGE CHANGE 1 M IL L IO N S | OF | FROM P R E V IO U S ! 1 ! LOANS OUT—| LOANS 1 DOLLARS » MONTH J YEAR ! ST A N D IN G *! CLOSED 1 ! * 1977—JA N • • • j - F E B ...| - M A R ... | —AP R • . . | - M A Y .. . | - JO N ...| - JU L .. . 1 - A U G . . .1 - S E P ...I - O C T ...I - N O V .. . | - D E C .. . 1 1 1 1978—JA N . . . 1 - F E B ...I - M A K .. . 1 —AP R . . . i - M A Y ... | - JU N .. . | - JU L ...! —AUG. . . | - S E P . . .1 —OCT . . . 1 - N O V .. . 1 - D E C . . .1 i I J | I | | ( ! | | | j | i 1 9 3 .4 | 8 9 .3 1 1 2 8 .2 | 116 .2 | 1 1 7 .2 ! 117.4 ! 9 6 .1 | 96. i | 1U7•u i IC O . 6 1 9 6 .6 ! 9 7 .5 | | 1 1979—JA N • . . | —F L b . . . | - M A R ... | - A P R ...! —MA Y . . . | - JU N ... | —JU L . . . i i^ i.i i 1 0 2 .V | 1 *8 .1 | 1 6 2 .7 | 1 7 2 .6 | 1 5 0 .6 1 1 37 .6 | O U T S T A N D IN G 8 7 .6 8 3 .3 127.1 1 1 7 .4 1 1 3 .3 1 0 7 .3 110.1 9 3 .1 9 0 .5 8 3.4: 9h . 6 9 3 .1 LLAN S ••R E F IN A N C IN G OF "R EPA YM EN TS" ARE AT FEDERAL tN D | j ( | I 1 | | | | | | l 1 0 .3 ! - 9 .4 f 4 3 .6 ! - 9 .4 | 0 .8 ! 0 .2 1 - 1 8 .2 » 0. 1 ! 1 1 .3 t - 6 .0 ! - 4 .G | l.C t 1 1 3 5 .5 l - 2 2 .1 1 9 3 .6 | 3. 1 1 1 3 .0 | - 1 2 .7 ! - 6 .5 | OF LAN D COM PUTED 2 9 .1 2 9 .5 4 6 .2 3 1 .6 6 3 .2 3 2 .9 6 0 .0 4 4 .1 3 3 .3 2 6.1 31 .7 1 .1 - 4 .9 - 4 .9 5 2 .6 - 7 .6 - 3 .5 - 5 .3 2 .6 - 1 5 .4 - 2 .6 - 8 .0 U .7 - 1 .5 AS 6 .6 7 .2 0 .9 - 1 .0 3 .5 9 .4 - 1 2 .? 3 .3 16.2 2C.8 2 .1 4 .7 4 1 .4 1 5.3 15.5 3 1 .4 4 7 .2 26 .3 4 3 .5 P R E C E D IN G BANK N EW C .4 7 0 .4 5 0 .6 7 0 .61 0 .5 6 0 .5 4 0 .5 5 G .4 6 0 .4 4 0 .4 0 0 .4 5 0 .4 4 0 .44 0 .41 0 .5 9 0 .5 2 0 .5 2 C .5 1 0 .4 2 0 .4 1 0 .4 5 0 .9 2 0 .4 C 0 .4 G 0 .5 9 0 .4 1 0 .5 8 0 .5 9 0 . 66 0 .5 6 0 .5 1 » ! ! ( j ! ! j | | I j 1 1 ! | J | ! i | J | ! | | 1 I ! | ! ! | | ! 1 8 .9 1 9 .4 1 8 .7 2 2 .5 2 1 .9 2 1 .2 2 2 .4 2 3 .1 2 3 .8 2 3 .2 2 2 .6 2 C •7 | ) | | | J I » I | | | I 1 1 8 .6 | 2 0 .o | 2 0 .7 | 2 3 .6 | 2 0 .5 | 2 1 .0 | 2 0 .6 | 2 0 .0 | 2 3 .5 | 2 0 .7 | 2 0 .5 | 2 0 .2 | i 1 1 E .0 | 1 9 .4 | 1 6 .5 | 2 0 .6 | 2 1 .8 | 2 0 .1 ! 21 .C | LO AN S CLOSED 2 0 7 .6 1 1 7 .0 1 4 2 .9 1 0 9 .6 1 1 3 .3 1 2 5 .3 1 3 1 .5 9 2 .6 7 3 .5 9 2 .1 1 2 3 .1 1 4 7 .7 20 3 .4 1 2 0 .2 1 5 2 .3 1 2 9 .2 1 2 7 .6 1 1 8 .3 1 0 1 .9 1 0 1 .5 8 6 .8 1 1 3 .1 1 2 3 .9 1 7 8 .3 2 1 7 .4 1 2 3 .0 1 5 7 .7 1 3 7 .1 1 3 0 .8 1 1 6 .8 12 3 .0 REPAYMENTS | | I 1 PERCENTAGE CHANGE FROM P R E V IO U S MONTH | ! | | | | | I | | | | i 1 | t | | | 1 | | | | | | I 1 | | | | | | | 4 6 .7 - 4 3 .6 2 2 .1 - 2 3 .3 3 .3 1 0.6 5 .0 - 2 9 .6 - 2 0 .5 2 5 .3 3 3 .6 2 0 .0 3 7 .8 - 4 0 .9 2 6 .7 - 1 5 .2 - 1 .3 - 7 .2 - 1 3 .9 - 0 .4 - 1 4 .4 3 0 .2 9 .6 4 3 .9 2 1 .9 - 4 3 .4 2 8 .3 - 1 3 .1 - 4 .6 - 1 0 .7 5 .3 | | I | | | | I | | 1 ! I i 1 | | | 1 1 ) 1 | I i | | l 1 1 ! ! | 1 l 1 M ONTH. LO AN S" MONEY ! ! | | J i | | j ! 1 1 i 1 | | 1 | | | ! | | » 1 | 1 1 | ! ! | ! l | I ii ! M IL L IO N S UF ( ! DOLLARS | IS COM PUTED LOANED LESS AS THE CHANGE IN LESS LO ANS NEW M ONEY O U T S T A N D IN G . LO AN ED. YEAR | AS P E R IC E N T A G t OF | LOANS OUT| STAND IN G* 3 9 .3 1 3 .8 2 9 .5 8 .6 3 9 .9 5 5 .o 6 7 .0 2 7 .6 - 7 .3 1 2 .1 1 5 .9 4 .4 | | | ( | | | | | | ! | 1 1 .1 2 0 .6 3 0 .7 6 0 .5 7 0 .5 8 0 .6 3 0 .6 5 0 .4 5 G .3 6 0 .4 4 0 .5 8 0 .6 9 - 2 .0 2 .7 6 .6 1 7 .9 1 2 .6 - 5 .6 - 2 2 .5 9 .7 1 8.1 2 2 .7 0 .6 2 C .7 | | | | | I | | ! | | | 1 1 ! | | | | i | 0 .9 5 0 .5 5 0 .7 0 0 .5 8 0 .5 7 0 .5 2 0 .4 4 0 .4 3 0 .3 7 0 .4 7 0 .5 1 0 .7 3 o .9 2 .3 3 .5 6 .1 2 .5 - 1 .3 2 0 .7 0 .8 8 0 .4 9 0 .6 2 0 .5 3 0 .5 0 0 .4 4 0 .4 5 TABLE 224.3 17 FEDERAL LAND bANKS REFINANCING AND REPAYMENTS 1WELVE-MGNTH MOVING TOTAL REFINANCING OF FEDERAL LAND BANK LOANS 1 MILLIONS | OF | 1 1 DOLLARS | 1 1 1977—JAN.• . | -FEB...I -MAR...| —APR•.•| —M A Y ... 1 -JUN...I -JUL...I -AUG...I — SE P ... 1 -OCT...I -N O V . . . | -DEC...1 l 1 1978— JAN.• • | — FEB . . . | —MA R . • • I -APR.. . | -MAY...j -JUN . . . | -JUL...I -AUG...I -SEP...I -OCT...I -NOV . . . | - D E C . . .1 i 1 1979— JAN. . • | -FE6...I -MAR...| -APR...| —M A Y ...| —J U N . . . | -JUL...1 909.5 928.5 968.6 997.0 1040.9 1067.3 1108.6 1137.1 1159.7 1176.9 1199.7 1200.7 1206.5 1212.5 1213.6 1212.4 1216.3 1226.4 1212.4 1215.4 1231.9 1299.2 1251.2 1255.5 1294.3 1307.9 1327.8 1364.2 1419.6 1452.6 1494.5 | | | | | | | | | | | | i 1 | | | | | | | | i | 1 1 1 | | | | | | | PERCENTAGE CHANGE FROM PREVIOUS MONTH 2.2 2.1 4.3 2.9 4.4 2.5 3.9 2.6 2.0 1.5 1.9 0.1 0.5 0.5 0.1 -G. 1 0.3 0.6 -1.1 0.2 1.4 1.4 0.2 0.3 3. 1 1.1 1.5 2.7 4.1 2.3 2.9 | | | | ) | | | | | 1 | | a | | | | | | | | | | | 1 l ) t | | | | | YEAR 21.9 23.6 26.4 27.1 31.9 32.8 36 .6 37.2 3b .9 39.3 39.4 35.0 32.7 30.6 25.3 21.6 16.9 14.9 9.4 6.9 6.2 6.1 4.3 4.6 7.3 7.9 9.4 12.6 16.7 18.5 23.3 REPAYMENTS AS PERCENTAGE OF 1 1 LOANS 1LOANS OUT-) CLUSED 1 STAND ING*| 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 f 1 5.2 5.3 5.4 5.5 5.7 5.8 5.9 6.0 6.0 6.0 6.1 6.0 6.0 5.9 5.9 5.8 5.7 5.7 5.6 5.5 5.6 5.6 5.5 5.5 5.6 5.6 5.6 5.7 5.6 5.5 6.0 | | | | | | | | | | | | i 1 | | | | 1 | | | | | | | I 1 | | | | | | | 19.5 19.6 19.8 20.0 20.3 20.4 20.7 20.9 21.1 21.2 21.4 21.4 21.3 21.4 21.7 21.8 21.6 21.6 21.6 21.2 21.2 21.1 20.9 20.9 20.7 20.6 20.4 20.2 20.3 20.3 20.3 | MILLIONS | OF | 1 1 DOLLARS 1 | 1 | | | | 1 | 1 I 1 | | | i 1 | | | | | | | | | ) | | 1 | ) | t | | | 1243.8 1256.0 1290.5 1299.2 1331.4 1376.2 1429.0 1449.0 1443.2 1453.1 1470.1 1476.2 1472.0 1475.3 1484.7 1504.3 1516.6 1511.6 1482.0 1490.9 1504.2 1525.1 1525.9 1556.5 1570.5 1573.2 1578.6 1586.6 1589.8 1588.3 1609.4 | | | | I l | | | | | | i 1 | | | | | | | | | | | | I 1 | | | | | | | PERCENTAGE CHANGE FRUM PREVIOUS MONTH 4.9 1.1 2.6 0.7 2.5 3.4 3.8 1 *4 -G.4 0.7 1.2 0.4 -0.3 0.2 0.6 1*3 1.0 -0.5 -2.0 0.6 0.9 1.4 0.1 2.0 0.9 0.2 0.3 0.5 C.2 -0.1 1.3 | | 1 | 1 | | | | | | 1 i 1 | | | | | | | t | 1 | | i 1 | | | l | | 1 * AVERAGE OUTSTANDING LOANS DURING THE PRECEDING 12 MONTHS (AVERAGE JF END-OF-MONTH DATA). ••REFINANCING UF FEDERAL LAND BANK LOANS** IS COMPUTED AS LOANS CLUSED LESS NEW MONEY LOANED. ••REPAYMENTS11 ARE COMPUTED AS NEW MONEY LOANED LESS THE ChANGL IN LOANS OUTSTANDING. YEAR 33.1 29.3 27.1 23.6 24.4 26.2 29.2 28.8 26.5 26.0 24.7 24.6 18.4 17.3 15.0 15.8 14.1 9.8 3.7 2.9 4.2 5.0 3.8 5.4 6.7 6.6 6.3 5.5 4.7 5.1 8.6 | AS PERICENTAGE 01 ILOANS OUT | STANDING3 | | | | | | | | | | | | I I | | | | ) | | | ) | | ■ | | | | | 1 | 7.1 7.1 7.2 7.2 7.3 7.4 7.6 7.6 7.5 7.5 7.5 7.4 7.3 7.2 7.2 7.2 7.2 7.1 6.8 6.8 6.8 6 .6 6.7 6.8 6.8 6.7 6.6 6.6 6.5 6 .4 6 .4 AGRICULTURAL FINANCE DATABOOK— MONTHLY SERIES 230 L IF E 231 INSURANCE COMPANIES FARM MORTGAGES OUTSTANDING 2 31 .1 232 ACTUAL....................................................................................................................................... 19 FARM MORTGAGES ACQUIRED 2 3 2 .1 2 3 2 .3 233 AUGUST 1979 ACTUAL....................................................................................................................................... 20 12-MONTH MOVING TOTAL..................................................................................................... 21 FARM MORTGAGE COMMITMENTS OUTSTANDING 2 3 3 .1 SO U R C ES: ACTUAL....................................................................................................................................... 22 F IG U R E S ON FARM MORTGAGES OUTSTANDING AND ACQUIRED ARE DRAWN FROM "D IS T R IB U T IO N OF IN VESTM EN TS OF U . S . L I F E INSURANCE C O M P A N IE S ," AMERICAN COUNCIL OF L I F E IN SU R A N C E. F IG U R E S ON FARM MORTGAGE COMMITMENTS OUTSTANDING ARE DRAWN FROM "FORWARD IN VESTM ENT COMMITMENTS OF R EPO RT IN G L I F E INSURANCE C O M P A N IE S ," AMERICAN COUNCIL OR L I F E IN SU R A N C E. 18 19 TABLE 231.1 LIFE INSURANCE COMPANIES FARM MORTGAGES OUTSTANDING END OF MONTH 1 » 1 1 1 M IL L IO N S AMOUNT 1 9 7 7 - J A N ... 1 - F E B ...! - M A R . . .1 - A P R ... | - M A Y . .* | - J U N . . .1 —J U L . . . | - A U G . . .» - S E P . . .1 - O C T . . .1 - N O V . . .1 - D E C . . .1 j 7434. 7510. 7640. 7814. 7924. 8139. 8235. 8330. 8475. 8570. 8649. 8842. 1978—J A N . • • I - F E B ...I —M A R .. • | - A P R . . .1 - M A Y ... ! - J U N . . .1 - J U L . . .1 - A U G ...I - S E P . .•1 —OCT. . . | - N O V . . .1 - D E C , . .1 8891, 9001. 9205. 9386. 9523. 9712. 9828. 9965. 10116. 10276. 1 03 66 . 1 04 99 . i 1979—J A N . . • | 1 - F E B ...I - M A R ... | —A P R . . . | - M A Y . . .1 - JU N ...I | 1 | CHANGE FROM P R E V IO U S ! | f MONTH l YEAR l 1 | | » \ | | ! | | 1 | t j | I 1 | \ I \ \ | f | i i 105 15 . 1 10679. | 10922. | 110 83 . | 1 1 2 55 . | 11477. r OF DOLLARS PERCENTAGE CHANGE FROM PR E V IO U S MONTH | 1 YEAR 0 .1 1 .0 1 .7 2 .3 1 .4 2 ,7 1 .2 1 .2 1 .7 1 .1 0 .9 2 .2 1 | I I | | 1 I I 1 | 1 a 1 0 .4 1 0 .9 1 2 .1 1 3 .6 1 4 .1 1 6 .2 1 6 .4 1 6 .9 1 8 .0 1 8 .7 1 8 .6 3 9 .1 1 I | I | | | | | | | 703. I 7 41 . « 825. | 938. r 978. | 1 134. ;i 1 16 3. ! 1203. ! 1291. | 1 351. * 1 35 8. t 1 41 7. | 49. | 110, | 204, t 1 81 . I 137. | 189 . 1 116. | 137. | 1 51. f 160. | 90. | 1 33 . * 1 457. 1 1 491. I 1565. | 1572. | 159 9. | 1573. I 1 59 3. | 1 63 5. t 1641. | 1 70 6. | 1717. | 1657. I 0 .6 1 .2 2 .3 2 .0 1 .5 2 .0 1 .2 1 .4 1 .5 1 .6 0 .9 1 .3 f I 1 I | f ! | ! I ! I 1 9 .6 1 9 .9 2 0 .5 2 0 .1 2 0 .2 1 9 .3 1 9 .3 1 9 .6 1 9 .4 1 9 .9 1 9 .9 1 8 .7 | | | I I | 1 | | | I 1 6. 164. 243. 161 . 172. 222. 1624. 1678. 1 71 7. 1697. 1 732. 1765. 0 .2 1 .6 2 .3 1 .5 1 .6 2 ,0 ! ! I I f 1 8 .3 1 8 .6 1 8 .7 1 8 .1 1 8 .2 1 8 .2 | | f 9. 76. 1 30 . 174. 110 . 215. 96. 95. 1 45 . 95. 79. 1 93. I 1 i f 1 | | 1 a * 1 | | f ! I | I I | | | | , a ! \ 1 ( I 1 | | 1 | | | ! TABLE 232.1 20 L I F E INSURANCE COMPANIES FARM MORTGAGES ACQUIRED I 1 1 1 1 M IL L IO N S AMOUNT OF DOLLARS I 1 ! CHANGE FROM P R E V IO U S I f 1 YEAR | MONTH | 1 1977—J A N . • • I - F E B . . .1 - M A R .. . 1 - A P R .. .| - M A Y .. .| - JU N ... | - J U L . . .1 - A U G .. .1 - S E P .. . I - O C T .. .1 - N O V ... | - D E C .. .1 | 160. 156. 233. 256. 214. 278. 168. 188. 209. 144. 135. 319. ! | I | | I I | I ! | f | -82. -4. 77. 23. -42. 64. -110. 20. 21. -65. -9. 184. | | | | | | | ! | | | | | 60. 40. 97. 128. 89. 1 47 . 3 0. 82. 8 6. 65. 19. 77. l 978—J A N . • . | —F E B • • • | - M A R . . .1 - A P R ... I - M A Y . . .1 - J U N . . .1 - JU L .. . | - A U G . . .1 - S E P . . .1 - O C T . . .1 - N O V . . .1 - D E C ...! 200. 207. 285. 273. 251. 275. 207. 206, 227. 213. 148. 256. -119. 7. 78. -12. -22. 24. -68. -1. 21. -14. -65. 1 08 . ! ! I | | 1 ! 1 1 | | | i 40. 1979—J A N . •.1 - F E B ...! - M A R . . .1 - A P R .. .1 - M A Y . . .1 - J U N . . .1 186. 263. 391. 239. 265. 374. 1 | I | 1 | | I f I | | i 1 | I | | I | -70. 77. 128. -152. 26. 1 09 . | ( I 1 i | ! | 51. 52. 17. 3 7. —3 . 39. 18. 18. 69. 13. -63. -14. 5 6. 106. -34. 14. 9 9. PERCENTAGE CHANGE FROM PR E V IO U S MONTH | | I | | f [ f 1 | | | j r 1 1 1 f | | | 1 { | | 1 | | | t | | ♦ OUTSTANDING MORTGAGES AT END OF PR E C E D IN G MONTH. | 1 YEAR AS PE R CENTAGE OF MORTGAGES OUT STANDING* - 3 3 .9 - 2 .5 4 9 .4 9 .9 - 1 6 .4 2 9 .9 - 3 9 .6 1 1 .9 1 1 .2 - 3 1 .1 - 6 .3 1 3 6 .3 | | | | | | I | 1 1 I | | 6 0 .0 3 4 .5 7 1 .3 1 0 0 .0 7 1 .2 112.2 2 1 .7 7 7 .4 6 9 .9 8 2 .3 1 6 .4 3 1 .8 2 .2 2.1 3 .1 3 .4 2 .7 3 .5 - 3 7 .3 3 .5 3 7 .7 - 4 .2 - 8 .1 9 .6 - 2 4 .7 - 0 .5 1 0 .2 - 6 .2 - 3 0 .5 7 3 .0 | ! | 1 1 | 1 | I | 1 I j 2 5 .0 3 2 .7 2 2 .3 6 .6 1 7 .3 - 1 .1 2 3 .2 9 .6 8 .6 4 7 .9 9 .6 - 1 9 .7 2 .3 2 .3 3 .2 3 .0 2 .7 2 .9 2.1 - 2 7 .3 4 1 .4 4 8 .7 - 3 8 .9 1 0 .9 4 1 .1 | | | | | | - 7 .0 2 7 .1 3 7 .2 - 1 2 .5 5 .6 3 6 .0 1.8 2.1 2 .3 2 .5 1 .7 1.6 3 .7 2.1 2 .3 2.1 1 .4 2 .5 2 .5 3 .7 2.2 2 .4 3 .3 TABLE 232.3 1 1 I 1 1 1977—J A N . • . | —F E B . . . | - M A R . . .1 - A P R . . .1 - M A Y ... | - J U N . . .1 - J U L . . .1 - A U G . . •1 - S E P ...| —OCT. . . | - N O V ... I - D E C ..•| i 1 1 9 7 8 - J A N . . .1 - F E B ...I - M A R ... | - A P R . . .1 - M A Y . . .1 - J U N . . •| - JU L .. .! - A U G . . .1 - S E P . . .1 - O C T ...| - N O V ...| - D E C . . .1 j 1979—J A N . • • | —F E B . . . | - M A R . . .1 - A P R .. . | - M A Y .. • | - J U N . . .1 M IL L IO N S OF DOLLARS AMOUNT ! 1 1 CHANGE FROM PR EV IO U S 1 | 1 MONTH | YEAR 1 1 1600. 1640. 1737. 1 86 5. 1 95 4. 2101. 2131. 2213. 2299. 2364. 2 38 3. 2460. | I f I I | | 1 I | 1 | ■ 60. 40. 97. 1 28 . 89. 147. 30. 82. 86. 65. 19. 77. | I 1 | | I | | I | | | 505. 593. 6 73 . 793. 8 32. 923. 870. 8 99 . 924. 964. 932. 920. 2500. 2551. 2603. 2620. 2657. 2654. 2693. 2711. 2729. 2798. 2811. 2748. 1 | I | I I | | I f | | i 40. 51. 52. 17. 37. -3. 39. 18. 1 8. 69. 13. -63. 1 I | | | | I f | | | | 1 900. 911. 8 66. 7 55 . 7 03 . 553. 562. 498. 430. 434. 428. 288 . 2734. 2790. 2896. 2862. 2876. 2975. | 1 | | 1 | -14. 56. 106. -34. 14. 99. | | | I | | 2 34. 239. 293. 2 42. 219 . 321. 1 1 1 | | | | | | | | I 1 I | | I ( | | | | | | | | | | | | I | | PERCENTAGE CHANGE FROM PR E V IO U S MONTH | 1 YEAR 3 .9 2 .5 5 .9 7 .4 4 .8 7 .5 1 .4 3 .8 3 .9 2 .8 0 .8 3 .2 I | | | | | | | I | | | i 4 6 .1 5 6 .6 6 3 .3 7 4 .0 7 4 .2 7 8 .4 6 9 .0 6 8 .4 6 7 .2 6 8 .9 6 4 .2 5 9 .7 1 .6 2 .0 2 .0 0 .7 1*4 - 0 .1 1 .5 0 .7 0 .7 2 .5 0 .5 - 2 .2 I | I ! | I 1 | | I | | j 5 6 .3 5 5 .5 4 9 .9 4 0 .5 3 6 .0 2 6 .3 2 6 .4 2 2 .5 1 8 .7 1 8 .4 1 8 .0 1 1 .7 - 0 .5 2 .0 3 .8 - 1 .2 0 .5 3 .4 | | | ! I | 9 .4 9 .4 1 1 .3 9 .2 8 .2 1 2 .1 ♦ AVERAGE OUTSTANDING MORTGAGES DURING THE PR EC ED IN G 21 LIFE INSURANCE COMPANIES FARM MORTGAGES ACQUIRED TWELVE-MONTH MOVING TOTAL | AS PER ICENTAGE OF I 1 MORTGAGES! \ OUTI ST A N D IN G *! ! | | ! | ! I | ! I 1 J 1 1 | ! 1 ! | 1 | ! I | 1 ! 1 1 | ! ! | f ! 2 2 .7 2 3 .1 2 4 .3 2 5 .8 2 6 .7 2 8 .4 2 8 .5 2 9 .2 2 9 .9 3 0 .4 3 0 .2 3 0 .7 3 0 .7 3 0 .9 3 1 .1 3 0 .8 3 0 .8 3 0 .3 3 0 .3 3 0 .0 2 9 .8 3 0 .1 2 9 .7 2 8 .6 2 8 .1 2 8 .3 2 8 .9 2 8 .2 2 7 .9 2 8 .5 12 MONTHS (AVERA GE OF END-OF-MONTH DATAI TABLE 233.1 22 LIFE INSURANCE COMPANIES OUTSTANDING FARM MORTGAGE COMMITMENTS END OF MONTH 1 I 1 I ! 1977—J A N . •.1 - F E B ...I - M A R . . .1 - A P R .. .1 - M A Y .. .1 - J U N . . .1 - JU L ... | - A U G ...I - S E P . . .1 - O C T .. . | - N O V ... ! - D E C .. .1 i1 1978—J A N . . . I - F E B . ..1 - M A R .. .1 - A P R . . •| - M A Y .. . I - J U N . . .1 - J U L . . .1 - A U G ... | - S E P . . .1 - O C T .. .| - N O V .. . ! - D E C .. .1 1 1 1979—J A N .• .1 - F E B . . .1 - M A R .. . 1 - A P R .. . 1 - M A Y .. . | - JU N ... | M IL L IO N S AMOUNT OF DOLLARS 1 I I CHANGE FROM P R E V IO U S ! | 1 YEAR I MONTH | I PERCENTAGE CHANGE FROM P R E V IO U S MONTH | 1 YEAR 567. 614. 603. 663. 680. 671. 673. 696. 745. 769. 782. 768. | I | | I | | 1 1 ! | | | 14. 47. -11. 60. 17. -9. 2. 23. 49. 24. 13. -14. | | ! 1 | | 1 1 | I | 1 1 101. 137. 124. 162. 198. 181. 186. 202 . 225. 187. 190. 215. | | ! 1 | | j | | I | | i 2 .5 8 .3 - 1 .8 1 0 .0 2 .6 - 1 .3 0 .3 3 .4 7 .0 3 .2 1 .7 - 1 .8 | | | I | | 1 I I | I I I 2 1 .7 2 8 .7 2 5 .9 3 2 .3 4 1 .1 3 6 .9 3 8 .2 4 0 .9 4 3 .3 3 2 .1 3 2 .1 3 8 .9 742. 818. 827. 846. 800. 869. 856. 841. 862. 800. 882. 912. I | I | 1 I | | 1 | I | | -26. 76. 9. 19. -46. 69. -13. -15. 21. -62. 82. ?0 . 175. 204 . 224 . 183. 120. 198. 183. 145. 117. 31. 100. 144. | I I | 1 | | | | | I | j - 3 .4 1 0 .2 1 .1 2 .3 - 5 .4 8 .6 - 1 .5 - 1 .8 2 .5 - 7 .2 1 0 .2 3 .4 I | 1 1 | 1 1. 30. -93. 133. 27. -68. 171. 125. 23. 137. 210. 73. | | | | f | 0 .1 3 .3 - 9 .9 1 5 .6 2 .7 - 6 .7 ! | I | 1 I | 1 j I 1 1 ll 1 | | | | | 3 0 .9 3 3 .2 3 7 .1 2 7 .6 1 7 .6 2 9 .5 2 7 .2 2 0 .8 1 5 .7 4 .0 1 2 .8 1 8 .8 913. 943. 850. 983. 1010. 942. | | | | | I | I | | 1 | 1 ! i | I j | | 2 3 .0 1 5 .3 2 .8 1 6 .2 2 6 .2 8 .4 | AS PERCENTAGE ! OF MORTGAGES I | OUT! ACQUIRED 1 STANDING | IN MONTH | I 1 | 1 | I | I I j | 1 1 I | | | 1 | I | I | | | j 7 .6 8 .2 7 .9 8 .5 8 .6 8 .2 8 .2 8 .4 8 .8 9 .0 9 .0 8 .7 | 1 I | | ! | | | I | f | 3 5 4 .4 3 9 3 .6 2 5 8 .8 2 5 9 .0 3 1 7 .8 2 4 1 .4 4 0 0 .6 3 7 0 .2 3 5 6 .5 534. 0 5 7 9 .3 2 4 0 .8 8 .3 9 .1 9 .0 9 .0 8 .4 8 .9 8 .7 8 .4 8 .5 7 .8 8 .5 8 .7 | | | | | | | 1 1 | | | j 3 7 1 .0 3 9 5 .2 2 9 0 .2 3 0 9 .9 3 1 8 .7 3 1 6 .0 4 1 3 .5 4 0 8 .3 3 7 9 .7 3 7 5 .6 5 9 5 .9 3 5 6 .2 | | | | | | 8 .7 8 .8 7 .8 8 .9 9 .0 8 .2 I | I | 1 1 4 9 0 .9 3 5 8 .6 2 1 7 .4 4 1 1 .3 3 8 1 .1 2 5 1 .9 AUGUST 1979 AGRICULTURAL FINANCE DATABOOK— MONTHLY SERIES 300 AGRICU LTURA L 301 FARM NO N -REAL-ESTATE LOANS 3 0 1 .1 302 AMOUNT AND CHANGE FROM P R EV IO U S Y E A R .................................................................24 SEASONAL 3 0 2 .1 310 FED ERA L 3 1 1 .3 312 AND LOANS AT AGRICULTURAL RESERV E D IS T R IC T S BANKS 7 AND 9 PERCENTAGE CHANGE FROM PR E V IO U S Y E A R , FED ERA L 3 1 2 .3 BORROWING BY MEMBER BANKS NUMBER OF BANKS AND AVERAGE D A IL Y BORROWING.................................................25 D E P O S IT S 311 BANKING DATA R ESER V E D IS T R IC T AND LO A N /D EPO SIT R A T IO ..........26 6 AND TEXAS PERCENTAGE CHANGE FROM PR E V IO U S YEAR, AND LO A N /D EPO SIT R A T IO ..........27 FOR INFORM ATION ON THE D ESIG N OF THE SEASONAL BORROWING P R IV IL E G E FOR WHICH DATA ARE SHOWN IN SEC T IO N 302, AND ALSO AN A N A L Y S IS OF IT S PO T EN T IA L AND ACTUAL U S E BY AGRICULTURAL BAN KS, S E E "SEA SO N A L BORROWING AT THE FED ERA L R E S E R V E DISCOUNT W IN DO W ," BY EMANUEL MELICHAR AND H A R R IET H O LD ERN ESS, FDR A B R IE F D IS C U S SIO N OF THE A N A LYT IC A L VALUE OF THE DATA IN SEC T IO N 3 10 , SEE THE S E C T IO N E N T IT L E D "FR EQ U EN T D E PO SIT AND LOAN DATA" IN "O V ER A LL MEASURES OF F IN A N C IA L PERFO RM AN C E,” BY EMANUEL M ELIC H A R, A G RICU LTURAL F IN A NCE R EV IE W * FEBRU A RY 1977, P P . 8 7 -8 8. 23 TABLE 301.1 24 FARM N O N -REAL-ESTATE LOANS AT COMMERCIAL BANKS (END OF MONTH) 1 1 LARGE 1 BANKS 1 I ( M IL L IO N S OF 1 1 D O LLA RS) 1977—J AN•• - F E B .. - M A R .. - A P R .. - M A Y .. - JU N .. - JU L .. - A U G .. - S E P .. - O C T .. - N O V .. - D E C .. . ! .1 .1 . | •| •1 .1 . I .1 .| . | .| 1 1 1978—J A N . • . | - F E B ., .j - M A R .. . 1 - A P R .. . | - M A Y .. .| - JU N .. . I - J U L . . •! - A U G .. .1 - S E P .. . | - O C T .. .1 - N O V .. .1 - D E C .. .1 1 1 197 9—J A N .• . | - F E B .. . 1 - M A R .. . | - A P R .. . 1 - M A Y .. .1 - J U N . . .1 - JU L ... | 3520. 3474. 3575. 3670. 3801. 3936. 3971. 3951. 3984. 3977. 3907. 3 92 8. 3837. 3776. 3907. 4002. 4195. 4303. 4376. 4436. 4464. 4512. 4452. 4511. 4470. 4440. 4577. 4650. 4830. 4915. 4981. I CHANGE FROM P R EV IO U S YEAR 1 » 1 ALL COMMERCIAL BANKS! LARGE 1 ALL COMMERCIAL BANKS! B IL L IO N S OF D O L L A R S )1 BANKS 1 ( B IL L IO N S OF D O LL A R S)| I( M IL L IO N S 1 1 OF ACTUAL |SEA SO N A LLY I ! SEASO NALLY I 1 ACTUAL ! A DJUSTED ! 1 A D JUSTED | D O LLARS) 1 AMOUNT I |( 1 \ | | | | I | | j | 1 I | | I1 1 I | 1 I I I | I I ! ! | I I | 1 1 1 I 2 3 .2 2 3 .3 2 3 .7 2 4 .3 2 4 .9 2 5 .6 2 5 .9 2 6 .1 2 6 .3 2 6 .1 2 5 .9 2 5 .7 2 5 .5 2 7 .0 2 8 .1 2 8 .2 2 8 .1 | | | | | | | | 1 | j | 1 1 ! 1 | I 1 | 1 1 | 1 1 | ii 1 I | I 2 9 .9 1 | 1 2 3 .6 2 3 .7 2 4 .0 2 4 .4 2 4 .8 2 5 .2 2 5 .4 2 5 .6 2 6 .0 2 6.1 2 6 .1 2 6 .0 2 5 .8 2 6 .5 2 7 .7 2 8 .5 2 8 .5 2 9 .3 I | | | | | | | I | | | 1 1 1 1 I ! J 1 1 | I 1 j 1 1 1 I | I 1 | ! 379. 346 . 383. 436. 431. 368. 407. 398. 4 43 . 4 24 . 394. 349. 317. 302 . 332 . 3 32 . 3 94 . 367. 405. 4 85 . 480. 535 . 545. 583. 633 . 6 64 . 6 70. 648. 635. 6 12 . 605. ! 1 I 1 1 1 1 1 1 1 1 ! i1 I I 1 I 1 1 I 1 1 1 1 I i l 1 1 1 3 .0 3 .0 3 .2 3 .1 3 .3 3 .5 3 .5 3 .5 3 .4 3 .1 2 .8 2 .5 1 .8 1 .4 1 .8 2 .5 2 .7 I I 1 I 2 .8 | 1 | ! ! J ! ! ( ! ( | I 1 ! I ! 1 ! 1 ! | ! ! J 1 1 I I | 1 1 ! I 3 .0 3 .0 3 .3 3 .1 3 .3 3 .4 3 .4 3 .3 3 .3 3 .1 2 .8 2 .5 1 .8 1 .4 1 .8 2 .5 2 .7 2 .8 PERCENTAGE CHANGE FROM PR E V IO U S YEAR LARGE BANKS | | | | ! ! | ! ! 1 I ! 1 I 1 1 | 1 1 ! 1 ! | ! I ! 1 1 1 1 | ! ! ! 1 1 2 .1 1 1.1 1 2 .0 1 3 .5 1 2 .8 1 0 .3 1 1 .4 1 1 .2 1 2 .5 1 1 .9 1 1 .2 9 .8 9 .0 8 .7 9 .3 9 .0 1 0 .4 9 .3 1 0 .2 1 2 .3 1 2 .0 1 3 .5 1 3 .9 1 4 .8 16. 5 1 7 .6 1 7 .1 1 6 .2 1 5 .1 1 4 .2 1 3 .8 1 ALL COMMERCIAL BANKS| ! 1 ACTUAL 1SEA SO N A LLY ! ( 1 A D JU ST ED ! ! ! 1 ! 1 1 1 ! 1 1 1 ii 1 I ! ! 1 ! 1 ! ! 1 1 1 ii 1 4.9 1 4 .8 1 5 .8 1 4 .6 1 5 .3 1 5 .6 1 5.6 1 5 .5 1 4 .8 1 3 .5 12.1 1 0.8 7 .5 5 .4 6 .8 9 .6 1 1 1 1 ! 1 4 .6 1 4 .5 1 5 .8 1 4 .6 1 5 .3 1 5 .6 1 5 .5 1 4 .8 1 4 .6 1 3 .5 1 2 .0 1 0 .8 7 .5 5 .4 6 .8 9 .6 1 I I ! 1 1 I I 1 1 1 I 1 1 1 ii 1 1 1 1 ! 1 1 1 1 1 1 I Ii 1 0 .5 1 ! 1 1 0 .5 1 1 0 .5 1 1 1 0 .5 LARGE-BANK DATA ARE FOR A PPRO XIM A TELY 170 COMMERCIAL BANKS THAT SUBM IT THE F . R . 2416 W EEKLY REPORT OF A S S E T S AND L IA B IL IT E S . T H ESE ARE BANKS THAT HAD DOMESTIC A SSE T S OF $750 M IL L IO N OR MORE AS OF DECEMBER 31* 197 7. OF THE TOTAL FARM LOANS AT SUCH BA N K S, ABOUT 70 PERCENT I S AT BANKS IN THE TWELFTH FED ERA L R E S E R V E D IS T R IC T (SA N F R A N C IS C O !. DATA SHOWN FOR ALL COMMERCIAL BANKS ARE FROM CALL R EPO RTS A V A IL A B L E FOR MARCH, JU N E , SEPTEM BER DATA ARE EST IM A T ED FOR U N IN SU RED B A N K S ). FOR OTHER MONTHS, DATA SHOWN ARE DECEMBER 1978 THROUGH JU N E 1979 ARE P R E L IM IN A R Y E ST IM A T E S MADE BY THE AUTHORS. S E P T E M B E R , AND DECEMBER IN TER PO LA T ED E S T IM A T E S . (MARCH AND DATA FOP. 25 TABLE 302.1 MEMBER 1 1 1 1 1 1 1 NUMBER OF 1 9 7 7 —J A N . • • | -FE B .. . | -M A R ... | -A P R ...I -M A Y ... | -JU N ... | -JU L ... | - A U G . . .1 -S E P ... j - O C T . . .1 -N O V ... | - D E C . . .1 I I 1 9 7 8 —J A N . • . 1 -F E B ...I -M A R... | -A P R ... | -M A Y ...I -JU N .. . | - J U L . . .1 -AU G .. . J -SEP .. . 1 -O C T ... I -N O V ... | -DEC . . . 1 l 1 1 97 9 -J AN.• . | -F E B ...I - M A R . . .1 -A P R ... | -M A Y... | -JU N ... | -JU L ... | - A U G . . .1 DEPOSIT SIZE TOT A L 8• 10. 17. 21. 45. 59. 63. 99. 92. 31. 53. 34. $100 8. 10. | 1 | | | | | | i 1 | | i $100 17. . 44. 55. 59. 89. 83. 74. 45. 31. j | | 1 | 1 | | | | | 1 21 1 23. 31. 51. 43. 93. 109. 128. 161. 160. 159. 117. 76. | ] 1 | | | | | | | | 1 23. 31. 49. 42. 85. . . 150. 147. 144. . 69. I | | | J | | | | 1 | | 62. 82. . 114. 164. 177. 156. 165. 1 1 | | | J | | 56. 7<f. 92. 106. 148. 163. 143. 156. 1 | | J ] | | | 100 AV ER AGE D A I L Y S E AS ONAL BURROWING| ( THOUS ANDS OF D O L L A R S ) BANKS I D E P O S I T S I Z E OF BANK ii UP TO 1 OVER | 1 1 MILLION | MILLION 1 I 1 1 BANK BORROWING UNDER S E AS ONAL BORROWING P R I V I L E G E WEEK ENDI NG ON L A S T WEDNESDAY OF MONTH 1 1 CLASSIFICATION 100 122 102 IS 1 1 BASED 0. 0. o. . . 4. 4. . 9. 7. . 3. 0 1 10 8 0. 0. 2. 1. 8. 9. 6. 11. 13. 15. 15. 7. 6. 8. 8. 8. 16. 14. 13. 9. DEPOSIT 1 SIZE TOTAL 1 1 I | ! | | | | 1 1 1 8113. 11353. 14161. 15030. 34503. 70158. 68701. 130235. 115456. 116094. 74288. 52761. j 1 | ) | | 1 1 1 | | | 8113. 11353. 14161. 15030. 32503. 45658. 48508. 80936. 73456. 74794. 41488. 34461. | | | 1 | | J | | | 1 | l 1 | | 1 | 1 | 1 | | 1 1 35588. 52858. 51892. 49400. 114954. 133794. 150938. 206810. 204226. 235448. 180107. 131159. 1 | | 1 1 1 1 | | | | 35588. 52858. 50535. 44686. 88968. 101623. 119581. 158153. 156046. 158958. 105834. 87763. | J | 1 J 1 | 1 1 | 1 | i | 1 I 1 | | | | 112467. 123199. 134302. 141221. 217666. 195382. 166925. 185863. | | | 1 1 | 1 | 78597. 95949. 100166. 106178. 142576. 143859. 126754. 147963. | | | I | | | 1 ON AV ER AGE UP TO $100 MILLION DEPOSITS { IN 1972. BANK OVER 1 i | MILLION 1 | | | OF $100 1 0. 0. 0. 0. 2000. 24500. 20193. 49299. 42000. 41300. 32800. 18300. 0. 0. 1357. 4714. 25986. 32171. 31357. 48657. 48180. 76490. 74273. 43396. 33870. 27250. 34136. 35043. 75090. 51523. 40171. 37900. 26 TABLE 311*3 DEPOSITS AND LOANS AT AGRICULTURAL BANKS SEVENTH AND NINTH FEDERAL RESERVE DISTRICTS 1 1 1 1 SEVENTH FED ERA L PERCENTAGE CHANGE RESERVE DISTRICT FROM P R E V I O U S l_ 1 1 - 1 1977-J AN.• • | -F E B ...I —MAR. . . 1 -A P R .. . ! -M A Y... | -JU N ... | -JU L.. . 1 -AU G .• • 1 —S L P . • • 1 -O CT.. . | -M O V... | - D E C . . .1 l 1 9 7 8 —J A N . • . | -FE 8 ...I —MAR. . . | - A P R . . •) - M A Y . . .1 -JU N ... | - J U L . . .1 - A U G . . .1 - S E P . . .1 - O C T . . .1 -NOV.. . 1 - D E C . . .1 i 1 1 1 9 7 9 —J A N . . . | -F E B ...I -M AR.. . | - A P R . . .1 - M A Y . . .1 - J U N . . .1 —J U L . . . I -A U G ...I 1 1 DEPOSITS total 11.1 10.8 11.5 12.1 11.9 10.9 10.3 10.1 9 .2 3.2 8.6 9 .0 9 .5 3 .7 3 .7 3.6 3.2 3.8 8.7 3 .6 9 .2 10.1 9 .8 3 .4 3 .3 3 .5 6.8 7 .0 7 .0 6 .5 8.1 7. 9 i ... DEMAND 1 I1ME 1 | | | | | 1 1 1 | | j 1 1.8 1 4 .3 1 5 .7 1 5.0 1 3.3 1 1.2 1 0.8 1 -1.4 1 -2.6 1 0 .5 1 2.2 1 14.8 14.7 14.6 14.3 14.3 14.3 14.2 13.9 13.7 12.7 | | | | 1 1 | | 1 | 1 | i 1 2.6 1 3. 7 1 3.5 1 4 .0 1 6 .5 1 7 .1 1 7 .0 1 9 .2 1 11.7 1 10.1 1 5.6 1 i 1 6 .4 1 5 .7 1 0.6 1 1.8 1 0 .7 1 0 .4 1 3.4 1 1.8 1 11.7 1 1 I | 1 | 1 | | | 3.0 li 4. 1 12.0 11.9 11.1 10.7 10.6 9.8 9.7 9.3 9.2 9.2 9.5 9.6 9.5 9.1 10.9 9.1 3.9 9.2 8.8 9.8 10.0 (CHICAGO! YEAR LOANS 1 1 | | | 1 | | | 1 | | | 1 18.7 18.5 19.3 18.7 14.6 19.4 20.7 21.2 21.7 21.3 19.8 19.1 | 1 | | 1 | | | | | | | 17.1 16.5 15.1 14.3 13.5 13.0 | | | | | | | | 14.6 14.8 14.9 15.2 15.6 13.9 13.5 f t 1 12.0 12.9 12.3 12.6 13.6 13.7 11.8 I 1 1 1 | 1 1 NINTH F E D E R A L R E S E R V E D I S T R I C T ( M I N N E A P O L I S ! S E COND WEDNESDAY OF MONTH PERCENTAGE CHANGE L OAN DEPOSIT RATIO _______ | 1 | L | | 1 | | 1 | 1 1 1 1 | | 0.5 7 4 0.574 0.581 0.5 7 8 0.5 3 6 0 .593 0.6 1 2 0.6 1 7 0.621 0.623 0.619 0 .6 2 1 | | | | I | | | | | | | 7.8 8.5 7.7 7.6 7.4 -0.1 3.3 | | 1 | | | | | | | 1 | i 0.614 0.616 0 .617 0.6 0 8 0.615 0.6 1 6 0.6 3 1 0.642 0.639 0.6 3 7 0.641 0.651 | 8.5 ) 7 .9 | | | 1 9 .6 | 9. 7 | | | 9.1 | 9.5 |********* ********* 1 1 | 1 | | | 1 0.649 0.6 5 1 0.662 0.655 0.664 0.66 3 0.6 6 2 0 .665 I ********* | ********* |********* |********* I ********* |********* 1* * * * * * * * * !********* ********* ********* ********* ********* ********* ********* ********* ********* | 1 1 1 1 YEAR DEPOSITS L OANS TOTAL 7.4 7.2 8.8 8. 7 9.1 3.6 8.0 8.2 8.6 8.8 8.6 8.8 1 FROM P R E V I O U S i DEMAND -0.8 -1.1 0.8 0.2 1.2 1.0 0.8 | I1 M E 11.1 10.6 12.1 12.2 12.2 I I . 7 2.1 10.8 11.0 10.6 10.0 3.0 3.2 9 .4 9.1 7.7 5.6 8.8 6.1 7.5 8.0 10.6 10.3 9.1 9.3 10.7 10.9 J 12.4 12.9 14.7 14.3 14.3 13.4 14.9 14.4 13.4 14.0 14.7 13.7 ! 1 1 1 T LOANDEPOSIT RATIO I | | | I I | | | | 1 | i 0.686 0.689 0.684 0.688 0 .687 0 .680 0.666 6.5 8 .9 ********* 13.9 13.2 13.4 12.5 13.2 13.2 13.0 13.4 13.2 12.9 14.3 ********* | | 1 | 1 | I | 1 I | |**** ********* ********* ********* ********* ********* ********* ********* ********* ********* ********* ********* ********* ********* ********* ********* ********* |********* j********* j********* j********* j ********* j********* j********* j********* 8.9 9 .0 9 .0 9.1 9 .3 9 .4 8.5 8.6 1 1 DATA FOR THE SEVENTH DISTRICT COVER MEMBER BANKS HAVING A RELATIVELY LARGE PROPORTION OF AGRICULTURAL LOANS ANO LOCATED IN TOWNS WITH POPULATION UNDER 15,000. DATA FOR THE NINTH DISTRICT COVER MEMBER BANKS AT WHICH AGRICULTURAL LOANS EXCEEDED 20 PERCENT OF TOTAL LOANS AS OF JUNE 1969. FUR BOTH DISTRICTS, LOANS ARE GROSS LOANS LESS FEDERAL FUNDS SOLD ANO SECURITIES PURCHASED UNDER AGREEMENTS TO RESELL. 0.635 0.651 0.6 5 0 0.654 0.665 0.669 0 .683 0 .6 8 1 0.677 0.692 0.6 9 0 0.707 0 .719 0.711 0.711 0.717 ***** TABLE 312.3 27 D E P O S IT S ANO LOANS. AT AG RICU LTU R A L BANKS S IX T H FEO E R A L R E S E R V E D IS T R IC T ANO TEXA S SIXTH FEOERAL RESERVE DISTRICT (ATLANTA) 1 1 MONTHLY AVERAGE ENOING SECOND WEDNESDAY OF MONTH l_ 1 PERCENTAGE CHANGE FROM PREVIOUS YEAR | 1 1 LOANDEPOSITS 1 1 1 DEPOSIT 1 | RATIO ______ 1 LOANS 1 1 TOTAL___ L_DEMAND_ | TIME 1 1977-JAN...I -FEB...I -MAR...I —APR«..| -MAY...I -JUN...I —JUL...1 -AUG...I —SEP*•. 1 —OCT••• 1 —NOV*••| -DEC...! i I 1978-JAN...I —FEB•••| —MAR•••| —APR•••| -MAY...| •JUN•••| -JUL***I —AUG••• 1 —SE P•••I -OCT...I —NOV•••| —DEC•••j i 1979—JAN*••| -FEB.••1 -MAR*••1 —APR•••| -MAY••• 1 -JON*• • | —JUL*•• 1 —AUG*• • 1 10*4 10*3 10*3 10*3 10.0 10.1 10.9 10*8 10.8 9*3 9.7 10.7 11*1 10*8 11*9 13*9 13*7 13.4 12*8 12.2 12.7 13.0 12*2 10*9 9.2 7.7 6*6 6.2 6.3 6*4 6*5 6*6 | | | | 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 8.5 7.9 8.9 11.4 13.5 13.2 13.0 12.3 13.9 14.1 11*8 9.8 4.9 2.3 0.2 -0.4 0.6 0.9 0.3 - 0 .4 1 i 1 i i i I 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 12.9 13.2 13.0 13.0 13.0 13.4 13.9 14.0 14.2 12.4 12.5 13.4 12.5 12.3 13.6 13.7 13.8 13.6 12t7 12.1 12.1 12.4 12.4 11.5 | | | | | | | | | | 1 f ■ | | | | | I | 1 | I | 1 a 11.5 1C .4 10.0 9*6 9.3 | | | | | 9 .2 1 9.6 | 10.1 | 15.1 15.0 15.9 15.7 15.0 17.0 17.2 17.7 17.7 18.0 18.5 18.5 16.9 16.7 17.3 14.4 12.6 12.8 12.7 13.5 14.3 13.8 13.3 12.4 12.6 11.9 12.5 13.3 13.4 12.9 12.4 11.1 | | | 1 | | | | I | | 1 | | 1 | | | | | | | | 1 | j | | | | | | | 1 0.594 0.598 0.598 0.599 0.616 0.628 0.632 0.643 0.644 0.646 0.642 C.636 0.623 0.628 C.622 0.604 0.608 0.620 0.629 0.644 0.647 0.646 0.644 0.638 0*640 0.651 0.646 0*643 C.648 0.658 0.664 0.670 TEXAS 1 I 1 | PERCENTAGE CHANGE | FROM PREVIOUS YEAR 1 | DEPOSITS 1 LOANS 1 1 | | | | | | | | | | 1 1 j | | | | | | | | | | | | 1 1 | | | | | 1 11.9 11.7 11.0 11.1 10.8 10.7 10.9 11.2 11.5 11.4 11.3 11.0 10.5 10.9 11.3 11.8 13*0 13*3 12*6 12*6 12*2 11.8 11*1 10.0 8*6 8.8 9.3 9*8 9.5 10*6 11*9 | |********* | | | | | | | | | | | 1 j | | | | | | | | | | | | | | | | | | | 17.4 18.2 18.9 19.9 19.5 19.0 18*9 18.6 18.9 17.8 16*8 17.6 17.3 16.7 16*9 15.1 15.1 15.1 15*6 15.7 15.8 16.7 17.8 17.9 18.6 18.2 17.4 17.0 15.5 14.5 13.9 | |* * * * * * * * * 1 1 | 1 1 I LOAN- 1 1 DEPOSIT 1 I RATIO 1 1 l | 1 | | | | | | | | | | j 1 | | | | | | | | | | | i 1 | | I | | | 0.502 0.505 0.516 0.526 0.547 0.555 0.560 0.568 0.572 0.567 0.557 0.552 0.533 0.531 C. 5^2 0.5*1 0.557 0.564 0.575 0.564 0.590 0.592 0.591 0.592 0.582 0.577 0.582 0.577 0.587 0.584 0.585 | j********* 1 1 1 1 1 1 1 1 1 1 1 1 i 1 I 1 1 1 1 1 1 1 1 1 1 1 i 1 1 1 1 1 1 1 1 1 DATA FUR THE SIX T H D IS T R IC T ARE FOR MEMBER BANKS AT WHICH A G RICULTURAL LOANS CO M PRISE 15 PER CEN T OK MORE OF TOTAL LO A N S. OATA FOR TEXA S ARE FOR A SAMPLE OF MEMBER BANKS AT WHICH A G RICULTURAL LOANS COMPRISE 25 PER CENT OR MORE OF TOTAL LO A N S. FOR BOTH D I S T R I C T S . LOANS ARE GROSS LOANS L E S S F ED ER A L FUNDS SOLO ANO S E C U R IT IE S PURCHASED UNDER AGREEMENTS TO R E S E L L . Recent Federal Reserve Publications in Agricultural Finance "Farm Credit Demand," by Don A. Langford, Agricultural Letter, Federal Reserve Bank of Chicago June 29, 1979, p. 3, Agricultural Finance Databook— Quarterly Series, compiled by Emanuel Melichar and Amy Brooks, Division of Research and Statistics, Board of Governors of the Federal Reserve System, July 1979. "Capacity for Large Farm Loans Expands at Rural Texas Banks," by Don A. Riffe, Voice of the Federal Reserve Bank of Dallas, August 1979, pp. 1-4. "Capital Gains Versus Current Income in the Farming Sector," by Emanuel Melichar, paper presented at the joint meeting of the American Agricultural Economics Association and the Western Agricultural Economics Association, August 1, 1979. "Agricultural Credit Survey Results," Financial Letter, Federal Reserve Bank of Kansas City, August 9, 1979, pp. 1-2. "Credit Conditions," by Gary L. Benjamin, Agricultural Letter, Federal Reserve Bank of Chicago August 10, 1979, pp. 1-2. "Farm Credit Conditions in the Fifth District, Second Quarter 1979," by Sada L. Clarke, Federal Reserve Bank of Richmond, August 16, 1979.