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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.