The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
, \ 3 1373 AGRICULTURAL FINANCE DATABOOK December 1978 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 t o the a u t h o r s . AGRICULTURAL FINANCE DATABOOK—MONTHLY S t R I E S DECEMBER 1 9 7 8 SECTION ^00 PAGE FARM LENDING OPERATIONS AND EXPERIENCE OF NONDANK I N S T I T U T I O N S 210 PRODUCTION C R E D I T A S S O C I A T I O N S 220 FEDERAL LAND BANKS ^30 LIFE 300 INSURANCE COMPANIES AGRICULTURAL bANKING DATA RECENT FEDERAL RESfcRVE PUBLICATIONS IN AGRICULTURAL FINANCE 28 OVERVIEW Through November, the autumnal decline in loans outstanding at PCA's has been smaller than the average seasonal runoff. New lending continued at a very high l e v e l , but equivalent strength in c o l l e c t i o n s has been moderating the r i s e in outstanding loan volume. Preliminary call report data indicate that farm nonreal-estate loans outstanding at commercial banks totaled $28.1 b i l l i o n on September 30, an increase of $1.0 b i l l i o n since June 30 and 6.8 per cent above a year e a r l i e r (Table 301.1). Over the same 12-month period, outstanding loans at PCA's had risen by 6.3 per cent. Loan/deposit ratios at agricultural banks in November remained unchanged from the r e l a t i v e l y high l e v e l s reached this summer. In three of the four areas for which these data are being computed, loans at agricultural banks rose s i g n i f i c a n t l y f a s t e r than deposits over the past 12 months. In the fourth area, the Atlanta Federal Reserve D i s t r i c t , farm financial conditions have improved over the drought-related s t r a i t s of 1977 (see publication l i s t on p. 28). 2 AGRICULTURAL rINANCE 210 PRODUCTION C R E D I T A S S O C I A T I O N S 211 ACTUAL SEASONALLY ADJUSTED ^ 5 • 6 ACTUAL 12-MONTH MOVING TOTAL 7 RENEWALS AND COLLECTIONS 213.1 213.3 SOURCES EXCEPT AS NOTED) LOANS MADE AND NEW LOANS 212.1 21^.3 213 (AGRICULTURAL LOANS, LOANS OUTSTANDING 211.1 211.2 212 DECEMBER 1 9 7 8 DAT ABOOK—MONTHLY S E R I E S 8 ACTUAL 12-MONTH MOVING TOTAL * 9 "PRODUCTION CREDIT ASSOC1ATIONS—SELECTED MONTHLY LOAN D A T A , " TECHNICAL S E R V I C E S D I V I S I O N , FARM CREDIT A D M I N I S T R A T I O N . DATA I N T H I S SECTION ARE OBTAINED FROM TIMELY MONTHLY REPORTS WHICH ARE NOT R E V I S E D TO REFLECT ANY SUBSEQUENT CHANGES OR CORRECTIONS. I F ONLY YEAR-END DATA ON OUTSTANDING LOAN VOLUME ARE REQUIRED, USE THE S E R I E S IN SECTION 1 0 0 OF THE AbRI&yLTURAL FINANCE DAT ABOOK ANNUAL S E R I E S , NOVEMBER 1 9 7 7 . DATA ON LOANS OUTSTANDING AND LOANS MADE DO NOT FARM-RELATED B U S I N E S S LOANS, OR AQUATIC LOANS. RENEWALS DO INCLUDE THESE LOANS; HOWEVER, THESE ONLY O . t i PER CENT OF TOTAL OUTSTANDING LOANS AT INCLUDE RURAL HOME LOANS« DATA ON COLLECTIONS AND TYPES OF LOANS REPRESENTED P C A ' S AS OF DECEMBER 1 9 7 7 . FOR A B R I E F D I S C U S S I O N OF THE ANALYTICAL VALUE OF THESE DATA, SEE THE SECTION ENTITLED "LENDING EXPERIENCE OF N UNftAN K I N S T I T U T I O N S " IN "OVERALL MEASURES OF F I N A N C I A L PERFORMANCE," BY EMANUEL MELICHAR, AGRICULTURAL FINANCE REVIEW* FEBRUARY 1 9 7 7 , P P . 9 2 - 9 5 . TABLt 211.1 PKOOUCTIOIM CREDIT A S S O C I A T I O N S LOANS OUTSTANDING (END u F MONTH) BORROWERS AMOUNT M I L L I O N S OF DOLLARS END OF MONTH | I CHANGE FROM PREVIOUS I 1 1 MONTH | YEAR PERCENTAGE CHANGE FROM PREVIOUS MONTH | 1 THOUSANDS YEAR I i PERCENTAGE CHANGE FROM PREVIOUS YEAR 1976—JAN...| —FE B • • . I -MAR...j —APR.*.j -MAY...| —JUN...| — JUL . a . j —AUG...| -SEP...I -DCT... 1 -NOV...| —DEC.. • | 10711. 1 10823.2 11117.2 11420.9 11706.7 12005.6 12190.8 12319.4 12321.4 12170.4 11980.8 12196.4 -30.4 112.0 294.0 303.7 285.o 298.9 185.1 128.6 2.0 -151.0 -189.d 215.6 | # | | I | | | | | | | 1164.5 1079.6 1106.2 1190.9 1235.2 1302.8 1378.1 1510.7 1584.2 1599.8 1528.7 1454.8 1 I | | I I | 1 1 1 I | -0.3 1.0 2.7 2.7 ^ .5 2.6 1.5 1.1 0.0 -1.2 -1.6 1.8 | | 1 | 1 | | 1 | 1 1 1 12.2 11.1 11.0 11.6 11.8 12.2 12.7 14.0 14.6 15.1 14.6 13.5 328.1 330.4 334.3 337.7 340.2 342.0 342.9 342.9 341.9 339.6 336.6 335.6 -0.7 -0.2 0.2 0.9 0.9 1.0 1.2 1.4 1.6 1.9 2.1 2.1 1977—JAN...| -FEB...| —MAR...| —APR . . . | -MAY...| —JUN.•.| -JUL.•.1 -AUG...| -SEP...I -GCT...1 -NOV...I —DEC.•.1 12140.2 12272.9 12563.0 12929.3 13332.9 13748.9 14038.0 14132.5 14069.3 13768.7 13471.3 13454.3 -56.1 132.7 310.1 346.3 403.6 416.0 289.1 94.5 —63.2 -280.5 -317.4 -17.0 1429.1 1449.7 1465.8 1508.5 1626.2 1743.3 1847 .Z 1813.1 1747.9 1618.4 1490.5 1257.9 i 1 I | | | 1 I | | i | -0.5 1.1 2.5 2.8 3.1 3.1 2.1 0.7 -0.4 -2.0 -2.3 -0.1 | | | | 1 I I | | | I | 13.3 13.4 13.2 13.2 13.9 14.5 15.2 14.7 14,2 13.3 12.4 10.3 335.3 337.4 341.7 345.5 348.4 350.4 351.3 351.2 350.6 347.9 344.9 342.8 2.2 2.1 2.2 2.3 2.4 2.5 2.4 2.4 2.5 2.4 2.4 2.1 197 8—JAN...| —FEB...| —MAR...| -APR...| —MAY•••I -JUN...| —JUL.. . i —AUG...1 —SEP... I -OCT...j —NOV...1 13233.3 13273.6 13426.8 13629.8 13909.1 14312.1 14651.5 14846.1 14954.7 14743.5 14601.1 -220.9 40.3 153.2 203.0 279.3 403.0 339.4 194.5 108.6 -211.2 -142.4 | I I | | | | | I 1 | | I1 | | | I | | | | | | 1 1093.1 1000.7 843.8 700.5 576.2 563.2 613.5 713.6 885.4 954.8 1129.8 | | | 1 1 I | < I | | -1 .6 0.3 1.2 1.5 2.0 2.9 2.4 1.3 0.7 -1.4 -1.0 1 1 | 1 | | | | | | | 9.0 8.2 6.7 5.4 4.3 4.1 4.4 5.0 6.3 6.9 8.4 341.2 341.7 343.7 346.2 348.0 349.3 350.5 351.3 350.8 348.8 346.3 1.8 1.3 0.6 0.2 -0.1 -0.3 -0.2 0.0 0.1 0.3 0.4 I 1 t 1 1 AVERAGE S I Z E DOLLARS I PERCENTAGE 1 CHANGE I FROM I PREVIOUS I YEAR | | | I | I | | | | | | 32646. 32761. 33250. 33815. 34415. 35106. 35552. 35926. 36036. 35837. 35591. 36338. 1 1 1 I I 1 I 1 I 1 I 1 13.0 11.3 10.8 10.6 10.8 11.0 11.4 12.4 13.0 12.9 12.3 11.2 | 1 | I | | | | 1 | | | j 1 | | | | 1 I t I 1 | 36207. 36373. 36828. 37424. 38266. 39233. 39961. 40237. 40130# 39o37. 39064. 39253. I 1 1 I 1 I 1 1 | 1 I 1 10.9 11.0 10.8 10.7 11.2 11.tt 12.4 12.0 11,4 10.6 9.8 8.0 38768. 38850. 39067. 39366. 39971. 40971. 41806. 42261. 4262 5 . 42274. 42164. 1 I | 1 I I 1 1 I I 1 7.1 6.8 6.1 5.2 4.5 4.4 4.6 5.0 6.2 6.7 7.9 TABLE 2 1 1 . 2 PRODUCTION C R E D I T A S S O C I A T I O N S LOANS OUTSTANDING SEASONALLY ADJUSTED DATA (END OF MONTH) PERCENTAGE CHANGE FROM P R E V I O U S M I L L I O N S OF DOLLARS END OF MONTH CHANGE FROM PREVIOUS MONTH MONTH | YEAR 1976—JAN... | —FE B . . . | —MAR...| —APR...I -MAY...| —JUN...I -JUL...I —AUG...I — SE P . . . | —UC T . . . 1 -NOV. . . | -DE C . . . I 11056.6 11134.6 11262.6 11399.1 11508.0 11635.6 11789.1 11984.9 12118.4 12259.0 12351.4 12428.6 111.1 76.0 126.0 136.4 108.9 127.7 153.5 195.8 133.5 140.7 92.4 77.1 1 | | | | 1 1 | 1 | | 1 1209.0 1129.4 1145.7 1212.2 1230.7 1276.2 1322.5 1451.3 1543.6 1601.5 156b . 8 1483.0 1977—JAN...| -FE b. . . I —MAR...1 —APR . . . | -MAY...| —JUN. . e | —JUL . . . | —AUG... | -SEP..* 1 -LCT...I -NOV...| -DEC...1 12530.9 12633.6 12758.5 12917.3 13113.6 13331.6 13570.7 13737.5 13835.5 13889.9 13892.2 13716.7 102.4 10c.7 124.9 156.8 196.4 217.9 239.2 166.8 96.0 54.4 2.2 —175.5 | | 1 | | 1 | | | | 1 1 | 1474.3 1499.0 1495.9 1518.2 1605.7 1696.0 1781.6 1752.6 1717.2 1630.9 1540.7 1286.1 197 6—JAN...I —FEb • • • | -MAR...I —A P R . . . I -MAY...I -JUN...| —JUL...I -AUG...I -SEP...I -DC 1 . . . j —NOV...I 13658.7 13667.7 13619.9 13623.8 13684.1 13861.0 14161.4 14425.2 14705.2 14652.1 15059.5 -5b.0 9.0 -47.6 3.9 60.3 197.0 260.3 263.9 260.0 146.9 207.3 | | 1 1 1 | | 1 | | | 1127.6 1034.2 661.4 706.5 570.5 549.5 590.6 667.7 669.7 962.2 1167.3 AVERAGE S I Z E BORROWERS AMOUNT 1 .0 THOUSANDS YEAR 13.8 14 . 6 15.0 14.5 13.5 334.8 334.8 335.1 335.6 336.3 336.9 337.7 338.5 339.1 340.3 341.5 341.4 -1.3 13.3 13.5 13.3 13.3 14.0 14.6 15.1 14.6 14.2 13.3 12.5 10.4 342.1 342.0 342.6 343.4 344.6 345.3 346.1 346.8 347.9 j48.6 349.8 348.7 -0.4 9.0 -0.3 6.6 348.0 346.3 344.6 344.1 344.2 344.3 345.3 346.9 348.2 349.5 351.3 1.2 12.3 11.3 11.3 11.9 1.1 12.3 0.7 1.1 1 .0 1.3 1.7 1.1 1.2 0.8 0.6 0.8 0.8 1.0 1.2 1.5 1 .7 1.6 1.2 0.7 0.4 0.0 0.1 0.0 0.4 1.4 2.0 1.9 1.9 1.0 1.4 12.0 12.6 8.2 5.5 4.4 4.1 4.4 5.0 6.3 6.9 8 .<t PERCENTAGE CHANGE FROM PREVIOUS YEAR -0.7 -0.1 0.3 1.0 1.0 1.1 1.3 1.4 1.6 1.9 2.0 2.1 2.2 2.1 2.2 2.3 2.5 2.5 2.5 2.4 2 .6 2.4 2.4 2.1 1.7 1.3 0.6 0.2 -0.1 -0.3 -0.2 0.0 0.1 0.3 0.4 DOLLARS 33023. 33256. 33605. 33965. 34218. 34540. 34911. 35401. 35735. 36019. 36172. 36401. 36634. 36945. 37246. 37620. 38057. 38606. 39215. 39608. 39774. 39840. 39712. 39331. 39250. 39472. 39522. 39588. 39757. 40319. 41012. 41578. 42236. 42492. 42869. PERCENTAGE CHANGE FROM PREVIOUS YEAR TABLE 212.1 PRODUCTION C R E D I T ASSOCIATIONS LOANS MAUfc AND NEW LOANS NEW LOANS LOANS MADE MILLIONS OF DOLLARb 1 I | PERCENTAGE CHANGE FROM PREVIOUS MONTH * | YEAR AS PERCENTAGE OF COLLECTIONS LOANS OUT—| STANDING*1 MILLIONS OF DOLLARS | I | AS PERCENTAGE OF PERCENTAGE CHANGE FROM PREVIOUS MONT H 1976—JAN., —FEB.. -MAk., -APR.. -MAY.. —JUN.« —JUL•« —AUG.« -SEP., -OCT.. -NOV., —DEC.< 1794.6 1594.0 1932.3 1714.3 1412.4 1438.6 1177.3 1178.1 1168.5 1210.5 1467.8 2146.9 I I | | | 1 I 1 | | | | -11.2 -11.2 21.2 -11.3 —1 7 . 6 1.9 -18.2 0.1 -0.6 3.6 22.9 44.3 | | | I | | | | j | | | 13.6 12.8 32.6 18.3 12.3 19.1 3.6 20.1 9.9 -2.0 24.5 6.2 16.7 14.9 17.9 15.4 12 . 4 12.3 9.8 9.7 9.5 9.6 12.2 17.9 I I | 1 | | | 1 | | | | lo9 .0 205.4 221.6 206.3 193.3 173.6 162.8 153.0 131.0 114.6 122.7 169.0 1030.5 887.3 1170.0 1139.1 1021.3 1129.6 911.9 696.1 895.6 904.2 1025.0 1356.7 | | | | | | | 1 | 1 1 I -21.6 -13.9 31.9 -2.6 -10.3 10.6 -19.3 -1.7 -0.1 1.0 13.4 32.6 19/7-JAN., -EE b.< -MAR., -APR., -MAY., -JUN., —JUL.. -AUG. -SEP. , -OCT., -NOV., -DEC., 1973.7 1830.1 2196.2 1874.2 1652.2 1614.6 1292.0 1261.2 1264.4 1325.6 1545.4 2179.1 | I | | | | | | | I | | —6 . 1 -7.3 20.0 -14.7 -11.6 -2.3 -20.0 -0.8 0.2 3.2 16.6 41.0 | | | 1 | | 1 I | I I 1 10.0 14.8 13.7 9.3 17.0 12.3 9.7 6.8 9.9 9.5 3.9 1.5 16.2 15.1 17.9 14.9 12.6 12.1 9.4 9.1 9.1 9.4 11.2 16.2 | I 1 1 | 1 I I 1 1 | 1 167.9 209.0 218.7 216.7 206.3 196.5 181.5 144.9 125.5 103.5 112.6 160.6 1122.1 1007.5 1309.9 1211.3 1203.5 1227.3 1000.6 979.2 961.8 996.9 1052.6 1345.0 1 | 1 | | | | | 1 | 1 | -17.4 -10.2 30.0 -7.5 -0.6 2.0 -18.5 -2.1 -1.8 3.9 5.4 27.8 I | | I | | | 1 1 I | | | 1 I | | | I | | | | | | 1976-JAN. -FEB. —MAR. -APR. -MAY. -JUN. -JUL. -AUG. -SEP. -OCT. -NOV. 2054.0 1911.6 2414.1 2027.6 1909.4 1768.1 1544.2 1595.9 1576.7 1803.8 1967.1 | | | | | | | | 1 | I -5.7 —6.9 26.3 -16.0 -5.8 -6.4 —13.6 3.4 -1.2 14.4 9.1 1 I I 1 | I I | | I I 4.1 4.5 9.9 8.2 15.6 10.7 19.5 24.6 c2.6 36.0 27.3 15.3 14.4 18.2 15.1 14.0 12.9 10.8 10.9 10.6 12.1 13.3 I | I I | | I | | I | 146.5 190.9 190.8 167.5 174.0 176.4 174.8 151.4 138.7 110.2 123.6 1176.5 1040.3 1447.3 1285.2 1374.3 1408.7 1217.5 1246.2 1238.2 1419.6 1439.1 1 | 1 1 | I | I | | | -12.5 -11.6 39.1 -11.2 6.9 2.5 -13.6 2.4 -0.6 14.6 1.4 1 1 | I | 1 | | I I | COLLECTIONS LOANS OUT—| STANDING*! YEAR | 10.2 10.9 39.5 23.3 16.4 21.9 6.4 21.8 10.6 -0.8 25.4 3.4 9.6 6.3 10.6 10.2 6.9 9.6 7.o 7.4 7.3 7.3 8.4 11.3 | | | | | | | | I | | | 97.0 114.4 134.3 137.1 139.8 136.3 12o. 1 116.4 100.4 6 >.7 64 . 5 119.6 6.9 13.5 12.0 6.3 17.6 6 .6 9.7 9.3 7.4 10.5 2.7 -1.0 9.2 8.3 10.7 9.6 9.3 9.2 7.3 7.0 6.6 7.1 7.6 10.0 | | I | 1 1 | I | # 1 | 9 5.5 1 X? . 1 130.4 140.0 150.3 150.8 140.6 110.7 94.0 76.0 76.7 99.1 4.8 3.3 10.5 6.1 14.2 14.8 21.7 27.3 28.7 42 .1 36.7 6.7 7.9 10.9 9.6 10.1 10.1 8.5 8.5 8.3 9.5 9.6 1 I 1 | | i | I | | | 63.9 103.9 114.4 118.8 125.2 138.9 137.9 116.2 109.0 66.8 90.4 OUTSTANDING LOANS AT END OF PRECEDING MONTH. "NEW LOANS" ARE COMPUTED AS LOANS MADE LESS RENEWALS. RENEWAL^ INCLUDE SOME NONAGR1COLTURAL LOANS ( S E E NOTE ON PAGE 3 ) . TABLE 212.3 PRODUCTION CREDIT A S S O C I A T I O N S LOANS MADE AND NEW LOANS TWELVE-MONTH MOVING TOTAL NEW LOANS LOANS MADE MILLIONS OF uOLLARS 197 6—JAN.•• —EEB. • . —MAR . . . —APR... -MAY... -JUN... —JU L . • . —AUG... —SE P . . . —OC T . . . -NOV... —DEC . . . 19? 7—JAN... — FE tie . . -mar..• —APR.•• —m a y . . . —JUN... —JUL * . . —AUb... -SEP... -OCT... -NOV... —DEC..• 19?fa—JAN... —F Eb• . * -MAR... —APR... -MAY . . . —JUN... -JUL... —AUG..* -SEP... -OCT... —NO V . . . * 16211.7 16393.2 16868.2 17133.2 17268.0 17519.0 17560.0 17757.2 17862.2 17837.4 18129.8 16255.5 18434.4 18670.5 18934.5 19094.4 19334.2 19510.4 19625.1 19728.3 19844.1 19959.4 20017.1 20049.3 20129.6 20211.1 20428.9 20582.3 20839.5 21012.8 21264.9 21579.6 21871.9 22349.8 22.771.6 1 | | 1 | 1 | | I | | I I | | | 1 I | 1 | 1 | | | | | | | 11 | | | | | | | I 1 | 1 PERCENTAGE CHANGE FROM PREVIOUS MONTH | YEAR I AS PERCENTAGE OF 1 LOANS OUT—| 1 STANDING*! COLLECTIONS MILLIONS OF DOLLARS | | | 1 PERCENTAGE CHANGE FROM PREVIOUS MONTH b .7 9.1 12.6 14.4 15.6 15.5 15.4 17.2 16.9 15.8 17.1 15.1 0.7 1.0 1.1 0.6 1.4 0.8 0.7 0.6 0.5 0.7 0.2 -0.1 0.4 0.2 1.0 0.5 1.2 1.3 1.5 1.9 1.9 2.8 2.5 I | | | | | 1 | | | | 6.1 7.4 7.3 7.2 7.0 7.6 6 .6 9.9 11.4 13.8 16.4 | I | | 1 | | | | | 1 I 12.2 12.1 14.4 15.0 15.2 14.8 14.5 15.8 15.4 14.5 15.9 14.1 1 1 1 I I I 1 1 I I 1 I 155.8 156.1 159.3 160.4 160.4 161.0 159.7 159.9 159.0 156.9 157.7 157.0 | * I | | | | 1 j | | | 167 . 6 166.5 166.3 166.8 166 . 8 166.7 167 . 6 lo9 .0 169.9 170.0 168.3 167.7 10b43.6 10930.9 11261.9 11477.1 11621.1 11824.0 11878.8 12039.0 12124.5 12117.2 12324.7 12369.3 1 | 1 | | I # | | » I | 0.9 0.8 3.0 1.9 1.3 1.7 0.5 1.3 0.7 -0.1 1.7 0.4 1.0 1.3 1.4 0.8 1.3 0.9 0.6 0.5 0.6 0.6 0.3 0.2 1 I | | | | | | | | | | 13.7 13.9 12.2 11.4 11.8 11.4 11.8 11.1 11.1 11.9 10.4 9.8 1 1 1 1 | 1 1 I | I 1 I 156.9 157.3 158.0 157.7 156.0 157.7 156.8 155.7 154.8 153.9 152.8 151.6 | I I | | | 1 | | | | | 167.6 168.2 16b . 5 lo9 .5 170.5 172.3 173.5 172.7 171.7 169.4 167.6 164 . 8 12460.9 12581.0 12720.9 12793.0 12975.2 13072.9 13161.6 13244.7 13310.9 13405.7 13433.3 13419.6 0.4 0.4 1.1 0.8 1.2 O.ti 1.2 1.5 1.4 2.2 1.9 1 1 I | | j | | | | | 9.2 8.3 7.9 7.8 7.8 7.7 8.4 9.4 10.2 12.0 13.8 I I I I 1 I I I | | I 151.0 150.6 151.3 151.6 152.9 153.6 154.9 156.6 158.0 160.6 162.7 I | | | | | | 1 | 1 | 162.5 161.5 159.9 158.4 156.b 155.8 155.6 156.0 156.8 156.3 156.8 13474.0 13506.8 13t>44.2 13718.1 13888.9 14070.3 14287.2 14554.3 14830.7 15251.4 15637.9 | I I | | | | | 1 | | | j | | | | I 1 1 | | 1 | 12 MONTHS YEAR | I | | | | | I 1 1 | | j 1 | I I | | | | | | | 1 1.3 1.1 2.9 1.6 0.9 1.3 0.2 1.1 0.6 -0.1 1.6 0.7 AVERAGE OUTSTANDING LOANS DURING THE PRECEDING | 14.9 15.1 13.0 11.5 11.7 10.6 10.b 10.0 9.8 10.6 9.0 8.5 | AS PERCENTAGE OF I LOANS O U T - 1 | STANDING*! I I I I I 1 I I I | 1 1 j I | 1 1 I I I I | I | | j | 1 I I 1 I I I 1 1 I 104.2 104.1 106.4 107.4 107.8 108.6 108.1 108.4 107.9 106.6 107.2 106.4 | | | | | | | | | | | | j 106.1 | 106.0 | 106.1 | 105.6 | 106.1 | 105.7 | 105.2 1 104.5 | 103.8 | 103.4 | 102.5 | 101.5 | j 101.1 I 100.6 | 101.0 | 101.1 i 101.9 | 102.8 I 104.1 | 105.6 | 107.2 | 109.6 | 111.8 1 COLLECTIONS 112.1 111.1 111.0 111.7 112.1 112.5 113.4 114 . 6 115.3 115.5 114.4 113.6 113.3 113.3 113.2 113.5 114.4 115.5 116.4 115.9 115.2 113.8 112.5 110.3 108.7 107.9 106.8 105.6 104.5 104.3 104.6 105.2 106.4 106.6 107.7 (AVtRAGE OF END-OP-MONTH D A T A ) . "NEW LOANS" ARE COMPUTED AS LOANS MADE LESS RENEWALS. RENEWALS INCLUDE 6UMt NGNAGRICULTURAL LOANS ( S E E NOTE ON PAGE 3 ) . TABLt 213.1 PRODUCTION CREDIT A S S O C I A T I O N S RENEWALS AND COLLECTIONS COLLECTIONS RENEWALS MILLIONS I OF I DOLLARS I 1 * PERCENTAGE CHANGE FROM PREVIOUS MONTH | YEAR I AS PERCENTAGE OF I LOANS O U T | STANDING* LOANS MADE COLLECT. & RENEWALS MILLIONS OF DOLLARS I | ( PERCENTAGE CHANGE FROM PREVIOUS MONTH 1976—JAN.•• —FEB. . . —MAR..• -APR... -MAY... —JUN•.. —JUL••t -AUG..• -SEP... -OCT... -NOV... -DEC... 764.3 706.7 762.2 575.2 391.1 309.0 265.4 282.0 273.0 306.4 462.8 788.3 I | | | | | I | | | | | 8.1 -7.5 7.9 -24.5 -32.0 -21.0 -14.1 6.2 -3.2 12.2 51.1 70.3 | | | | I 1 | | | | 1 i 18.5 15.4 23.3 9.5 2.8 10.0 -4.9 15.1 7.7 -5.4 22.5 11.5 1 I I 1 1 I I I I I 1 1 7.1 6.6 7.0 5.2 3.4 2.6 2 .2 2.3 2.2 2.5 3.8 6.6 42.6 44.3 39.4 33.6 27.7 21.5 22.5 23.9 23.4 25.3 31.1 36.7 41.8 47.7 46.7 40.9 34.9 27.2 26.8 26.0 23.4 22.5 27.6 41.0 1062.2 7 75.9 871.3 831.2 730.7 828.5 723.4 769.8 892.2 1054.8 1212.4 1135.8 | I 1 | I | | | | | | | 4.3 -27.0 12.3 -4.6 -12.1 13.4 -12.7 6.4 15.9 18.2 14.9 -6.3 1977—JAN.. . —FEB . . . —MAR.• • -APk.•. —MAY . . . —JUN... —JUL.. . -AUG... -SEP... —OCT• • • -NOV... —DEC•.. 851.6 822.7 886.4 662.9 448.7 387.6 291.4 302.1 322.6 326.9 492.8 834.2 | | I | I | 1 | | | | I 8.u -3.4 7.7 -25.2 -32.3 —13.6 -24.8 3.7 6.8 1.3 50.8 69.3 | | I | | | | | | | | | 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 I 1 I 1 1 1 I 1 1 1 I 7.0 6.8 7.2 5.3 3.5 2.9 2 .1 2.2 2.3 2.3 3.6 6.2 43.1 45.0 40.4 35.4 2 7.2 24.0 22.6 23.6 25.1 24.7 31.9 38.3 42.0 48.4 46.9 43.4 35.9 32.3 29.0 25.5 24.0 20.3 26.4 36.1 1175.3 875.5 1004.4 865.0 800.8 813.7 711.8 884.4 1023.3 1281.0 1372.0 1356.7 | | | | | | I | | | | | 3.5 -25.5 14.7 -13.9 -7.4 1.6 -12.5 24.3 15.7 25.2 7.1 -1.1 197 8 — J A N . . . -FEB.•. —MAR•.. —AP R . • • —MAY . . . —JUN•#. -JUL... —AUG*•. -SEP... —OCT• • • -NOV. . . 877.5 871.4 966.7 742.5 535.1 379.4 326.6 349.7 338.4 384.2 528.0 ! | | | | | | | | I | 5.2 -0.7 10.9 -23.2 -27.9 -29.1 -13.9 7.1 -3.2 13.5 37.4 | 1 | | | | | | | | | 3.0 5.9 9.1 12.0 19.3 -2.1 12.1 15.8 4.9 17.5 7.2 I I | 1 I 1 | I I I 1 6.5 6.6 7.3 5.5 3.9 2 .7 2.3 2.4 2.3 2.6 3.6 42.7 45.6 40.0 36 .6 28.0 21.2 21.2 21.9 21.5 21.3 26.8 38.5 46.5 43.3 40.7 32.8 27.2 27.0 24.9 22.9 19.0 24.9 1402.0 1001.5 1265.1 1081.4 1097.5 1014.0 883.2 1054.2 1136.5 1636.2 1591.3 | | | | | | | | | | | 3.3 -28.6 26.3 -14.5 1.5 -7.6 -12.9 19.4 7.8 44.0 -2.7 OUTSTANDING LOANS AT END OF PRECEDING MONTH. RENEWALS AND COLLECTIONS INCLUDE SOME NONAGRICULTURAL LOANS (SEE NOTE ON PAGE 3 ) . | | 1 | | | | 1 | | 1 | 1 I | | | | | | | | | | I | 1 | | | | | 1 | | 1 | I YEAR | AS P E R C E N T A G E OF I LOANS O U T 1 STANDING* 18.9 28.6 52.1 18.7 15.0 20.b -4.4 4.2 0.9 -2.0 29.6 11.5 1 1 1 1 | 1 I I 1 I I I 9.9 7.2 8.1 7.5 6.4 7.1 6.0 6.3 7.2 8.6 10.0 9.5 10.6 12.8 15.3 4.1 9.6 -1.8 -1.6 14.9 14.7 21.4 13.2 19.5 1 1 1 I t I 1 1 I 1 1 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 19.3 14.4 26.0 25.0 37.0 24.6 24.1 19.2 11.1 27.7 16.0 1 1 1 1 1 1 1 1 1 1 1 10.4 7.6 9.5 6.1 8.1 7.3 6.2 7.2 7.7 10.9 10.8 TABLfc 2 1 3 . 3 PRODUCTION C R t D l T A S S O C I A T I O N S RENEWALS AND COLLECTIONS TWELVE—MliNTH MOVING TOTAL RENEWALS MILLIONS OF DOLLARS | | I PERCENTAGE CHANGE FROM PREVIOUS MONTH * 1976—JAN. *• | -FEb.. .| —MAR. . * | —APR...| -MAY...| -JUN...I -JUL...I —AUG...| —SEP...| -GC 7 . . . 1 -NOV...| —DEC . . . | 5368.1 54o2.3 5606.3 5656.1 5666.9 5695.0 56&1.2 5718.3 5737.7 5720.3 5605.1 5866.3 | | | 1 1 | j 1 j | | | 1977-JAN...| —FEB...| —M A R . . . j -APR...| -MAY...j -JUN...j -JUL...| —AUG...| —S£ P . . . | -OCT... | -NUV...1 -DEC... | 5973.6 6089.5 o213.6 6301.4 6358.9 6437.5 6463.5 6483.6 6533.2 6553.8 6583.6 6629.7 | | | | 1 | | | | | | | 1978—JAN..•| -FEb.».| —MAR...| -APR . . . 1 -MAY...1 —JUN..•| -JUL...j —AUG...| -SEP...I -OCT...| —NOV . . . | 6655.6 6704.3 6764.7 6864.2 6950.6 6942.5 6977.7 7025.4 7041.2 7098.5 7133.7 | | | | | | | | | | | 2.3 1.8 2.6 0.9 0.2 0.5 -0.2 0.7 0.3 -0.3 1.5 1.4 | | | 1 | 1 j | | 1 | 1 | | 1.5 | 1.9 | 2.0 1 1.4 | 0.9 I 1.2 | 0.4 | 0.3 | 0.8 | 0.^ | 0.5 | 0.7 | | 0.4 | 0.7 i 1.2 | 1.2 | 1.3 | -0.1 | 0.5 t 0.7 | 0.2 | 0.8 1 0.5 | YEAR COLLECTIONS AS PERCENTAGE OF LOANS OUTSTANDING* LOANS MADE | MILLIONS OF C O L L E C T . 11 DOLLARS RENEWALS | 1 | 1 PERCENTAGE CHANGE FROM PREVIOUS MONTH 20.1 18.6 18.2 16.2 14.4 13.5 12.6 12.7 12.6 11.8 13.4 12.1 51 . 6 52.0 52.9 53.0 52.6 52.3 51.7 51 . 5 51.1 50.3 50.5 50.6 33.1 33.3 33.2 33.0 32.8 3^.5 32.4 32.2 32.1 32.1 32.0 3^.2 35.7 35.7 35.b 35.5 35.3 35.1 35.2 35.2 35.3 35.3 35.0 35.1 | | 1 | | | 1 | | 1 1 1 9670.4 9843.1 10141.5 10272.2 10367.2 10509.8 10476.7 10507.8 10516.1 10494.3 10771.0 10888.2 | | # | | | | | | | | 1 1.8 1.8 3.0 1.3 0.9 1.4 -0.3 0.3 0.1 -0.2 2.6 1.1 11.3 11.5 10.8 11.4 12.2 13.0 13.8 13.4 13.9 14.6 13.4 12.6 50.9 51.3 51.8 52.0 52.0 52.0 51.6 51 . 2 51.0 50.5 50.3 50.1 j,2.4 3V.6 32.6 33.0 32.9 33.0 32.9 32 . 9 32 . 9 32.8 32.9 33.1 35.2 35.4 35.6 35.9 35.9 36.2 36.4 36.2 36.1 35.7 35.5 35.3 | | | | | | | I | | | | 11001.2 11100.d 11233.9 11267.7 11337.8 11323.1 11311.5 11426.1 11557.3 11783.4 11942.9 12163.9 | | | | 1 | | 1 1 | | | 1.0 0.9 1.2 0.3 0.6 -0.1 -0.1 1.0 1.1 2.0 1.4 1.8 11.4 10.1 9.2 8.9 9.3 7.8 8.0 8.4 7.8 8.3 8.4 49.9 50.0 50.2 50.6 51.0 50.7 50.8 51.0 50.9 51.0 51.0 33.1 33.2 33.2 33.4 33 .4 33.0 32.6 32.6 32.2 31 .o 31.3 34.9 34.9 34.7 34.6 34.3 34.0 33.8 33.7 33.6 33.2 32.9 | | | 1 I 1 | | | I | 12390.6 12516.7 12777.4 12993.9 13290.6 13490.8 13662.2 13832.0 13945.2 14300.4 14519.7 | | | 1 | | | 1 | | 1 1.9 1.0 2.1 1.7 2.3 1.5 1.3 1.2 O.ti 2.5 1.5 AVERAGE OUTSTANDING LOANS DURING THE PRECEDING 12 MONTHS (AVERAGE OF END-OP-MONTH D A T A ) , RENEWALS AND COLLECTIONS INCLUDE SOME NONAGRlLULTUkAL LOANS ( S t f c NOTE ON PAGE 3 ) . 1 | i | 1 | | 1 | # | | 1 1 I | 1 | 1 | # | 1 | | | i 1 | I 1 | | | 1 | | | YEAR AS P E R CENTAGE OF LOANS O U T STANDING* 16.4 20.4 24.6 24.6 24.1 22.7 20.2 19,2 16.1 14.0 15.8 14.6 93.0 93.7 95.8 96.2 96.2 96.6 95.3 94.6 93.6 92.3 93.7 93.7 13.6 12.6 10.8 9.7 9.4 7.7 8.0 8.7 9.9 12.3 10.9 11.7 93.7 93.6 93.7 93.1 92.7 91.5 90.4 90.2 90.1 90.9 91.2 92.0 12.6 12.8 13.7 15.3 17.2 19.1 20.b 21.1 20.7 21.4 21.6 93.0 93.3 94.6 95.7 97.5 98.6 99.5 100.4 100.8 102.8 103.8 AGRICULTURAL FINANCE 220 OA TAbOOK—MONTHLY S E R I E S FEDERAL LAND BANKS 221 ACTUAL.... LOANS CLOSED 222. X 222.3 223 ...12 .....13 ACTUAL 12-MONTH MOVING TOTAL REFINANCING AND REPAYMENTS 224.1 224.3 SOURCE: ACTUAL 12-MONTh MOVING TOTAL NEW MONEY LOANED 223.1 223.3 224 LOANS) LOANS OUTSTANDING 221.1 222 (AGRICULTURAL DECEMBER 1 9 7 6 ACTUAL 12-MONTH MOVING TOTAL " F E D t R A L LAND BANKS—SUMMARY OF SELECTED MONTHLY LOAN D A T A , " TECHNICAL S E R V I C E S D I V I S I O N , FARM CREDIT A D M I N I S T R A T I O N . DATA IN T H I S SECTION ARE OBTAINED FROM TIMELY MONTHLY REPORTS WHICH ARE NOT R E V I S E D TO REFLECT ANY SUBSEQUENT CHANGES OR C O R R E C T I O N S . I F ONLY YEAR-END DATA ON OUTSTANDING LOAN VOLUME ARE REQUIRED, USE THE S E R I E S I N SECTION 1 0 0 15 TABLE 2_ .1 FEDERAL LAND BANKS LOANS OUTSTANDING (END OF MONTH) I AMOUNT I | M I L L I O N S OF DOLLARS I | OUT| CHANGE FROM PREVIOUS I STANDING I I I MONTH | YEAR 1976-JAN...I 16189.9 -FEB...| 16369.6 -MAR...| 16699.9 -APR...| 16946.2 -MAY...| 17159.6 -JUN...I 17403.2 -JUL...| 17622.7 -AUG...| 17806.2 -SEP...| 17982.2 -OCT...! 18147.7 -NOV...| 18320.3 -DEC...| 18524.2 I 1977-JAN...1 16692.7 -FEB...| 18921.9 - M A R . 1 9 3 3 0 . 8 -APR...| 19625.0 -MAY... | 19916.8 -JUN...I 20190.2 -JUL...| 20440.8 -AUG...| 20658.0 -SEP...| 20873.7 -OCT...| 21057.0 -NOV...| 21258.2 -DEC...| 21464.9 I 197b—JAN...| 21672.2 -FEB...| 21895.7 -MAR... | 22234.1 -APR...| 22480.7 -MAY... | 22806.7 -JUN...I 23130.7 -JUL...| 23394.6 -AUG...| 23677.6 -SEP...( 23938.7 -OCT...| 24210.9 -NOV... | 24460.6 | | | | | | | I | | | | I I | | | | | | | | | | I I | | | | I I | | | | | 176.1 179.7 330.3 246.4 213.3 243.6 219.5 183.5 176.0 165.5 172.6 203.9 | | | | | | | ( | | | | I 166.5 | 229.2 | 409.0 | 294.2 | 291.8 | 273.4 | 250.6 | 217.2 | 215.7 | 183.3 | 201.2 | 206.6 | I 207.3 | 223.5 | 33b.4 | 246.6 | 326.0 | 324.0 | 263.9 | 283.0 | 261.1 | 272.3 | 249.8 | *533.7 2489.9 2520.7 2505.2 2466.7 2464.9 2477.9 2473.6 2464.3 2436.0 2483.1 2510.4 2502.6 2552.3 2631.0 2678.8 2757.3 2787.0 2818.1 2851.8 Z891.5 2909.3 2936.0 <1940.7 2979.5 2973.8 2903.3 2855.7 2d89.9 2940.4 2953.7 3019.6 ^064.9 3153.9 3202.5 NUMBER PERCENTAGE CHANGE FROM PREVIOUS THOUSANDS YEAR 18.6 17.9 17.8 17.3 16.8 16.5 16.4 16.1 15.9 15.5 15.7 15.7 15.5 15.6 15.6 15.8 443.2 443.7 445.1 446.0 447.0 448.2 449.0 449.9 450.4 450.7 450.6 450.8 15.9 450.9 451.5 452.9 453.8 454.8 456.0 457.0 457.8 458.6 459.1 459.3 459.5 15.9 15.7 15.0 14 . 6 14.5 14.6 14.5 14.6 14.7 15.0 15.1 459.8 460.4 461.3 461.8 403.1 464. 6 465.8 467.2 468 .4 469.5 470.3 16.1 16.0 16.0 16.0 16.1 16.0 16.0 AVERAGE S I Z E PERCENTAGE CHANGE FROM LAST YEAR 3.1 2.8 2.7 2.5 2.3 2.2 2.1 2.0 1.9 1.9 1.8 1.8 1.7 1.8 1.8 1.8 1.7 1.8 1.8 1.8 1.8 1 .9 1.9 1.9 2.0 2.0 1.9 1.8 1.8 1.9 1.9 2.1 2.1 2.3 2.4 DOLLARS 36533. 36895. 37522. 37998. 38389. 38832. 39246. 39581. 39924. 40267. 40662. 41068. 41457. 41909. 42684. 43243. 43792. 44273. 44732. 45124. 45519. 45868. 46289. 46711. 47136. 47559. 48193. 48680. 49247. 49787. 50225. 50677. 51104. 51564. 52010. PERCENTAGE CHANGE FROM LAST YEAR TABLE 2 2 2 . 1 FEDERAL LAND BANKS LOANS CLOSED AMOUNT I I MILLIONS I OF I DOLLARS NUMbER PERCENTAGE CHANGE FROM P R E V I O U S MONTH 1976—JAN. . . -FEB... -MAR... -APR...| -MAY...I -JUN...I -JUL.•.| -AUG...j -SEP...| -OCT...I -NOV...! -DEC...I | 1977-JAN. . • | -FEB...) -MAR...j -A P R . . . | -may...| -JUN...I -JUL...| -AUG...| -SEP...j -CCT...J -NOV... I -DEC...I j 1978—JAN...| -FEB...I -MAR...) -APR...| —MAY...| -JUN...I -JUL...I -AUG...I -SEP...I -OCT...I -NOV...! 392.9 346.8 527.6 436.4 363.7 405.0 367.1 320.7 323.2 313.6 350.6 437.6 t » 1 1 | 1 | 1 | | 1 | 4.8 -11.7 52.1 -17.3 -16.7 11.4 -9.4 -12.6 0.8 -3.0 11.8 24.8 463.7 429.5 679.0 521.3 518.3 506.0 492.2 402.9 379.8 358.6 418.9 448.9 1 1 1 ! ! 1 i * ! | | 1 6.0 -7.4 58.1 -23.2 —0.6 -2.4 -2.7 -18.2 -5.7 -5.6 16.8 7.2 502.7 433.0 618.9 492.1 570.7 559.7 461.9 480.7 454.9 465.9 470.3 | 1 | 1 | | 1 | 1 | | 12.0 -13.9 42.9 -20.5 16.0 -1.9 -17.5 4.1 -5.4 6.8 -3.2 OUTSTANDING LOANS AT END OF PERCENTAGE CHANGE FROM LAST YEAR THOUSANDS YEAR 1 1 | » j 1 | | | I | 1 i 1 ! | | i i | 1 | 1 | I I 1 | ! 1 | | 1 | | | 1 -1.3 -0.1 20.1 10.0 -4.1 8.7 10.9 11.2 4.1 -1.9 33.7 16.7 4.8 4.5 6.4 5.4 4.9 5.2 4.5 4.4 4.2 4.1 4.5 5.0 18.0 23.8 28.7 19.4 42.5 24.9 34.1 25.6 17.5 14.4 19.5 2.6 4.9 4.7 6.8 5.6 5.8 5.9 4.8 4.8 4.5 4.4 4.8 5.0 8.4 0.8 —8 . 8 —5 . 6 10.1 10.6 —6 . 2 19.3 19.8 35.5 12.3 4.9 4.5 5.9 4.9 5.9 5.9 4.8 5.3 4.7 5.2 5.2 P R E C E D I N G MONTH SIZE PERCENTAGE CHANGE FROM LAST YEAR DOLLARS 1 i ! 1 1 | 1 1 | | ! ! -13.3 - l c .6 11.2 —2 . 6 -6.3 0.9 —6.2 9.0 -3.0 -7.1 20.0 1.0 81586. 77645. 82736. 81166. 74546. 78265. 82357. 73457. 77572. 76534. 78511. 86699. I 1 J 1 ! | | | 1 | t | 13.8 14.3 8.0 13.0 4 .6 7.7 18.3 2.0 7.3 5.7 11.4 15.6 | ! 2.4 5.6 6.6 4.6 19.0 13.4 7.3 10.1 7.0 6.4 8.5 -0.9 94058. 91013. 99833. 92640. 892 7 3 . 86233. 102888. 83792. 85203. 82240. 86442. 89729. | 1 | | | | | ! ! | 1 | 15.3 17.2 20.7 14.1 19.8 10.2 24.9 14.1 9.8 7.5 10.1 3.5 -0.2 -4.7 -13.3 -12.8 1.2 0.5 1.3 10.9 4.4 19.9 6.5 102187. 96334. 104921. 100255. 97164. 94900. 95272. 90130. 97744. 92918. 91087. | 1 i | | | 1 ! | | | j 1 1 1 | | 1 1 | 1 1 j | | | | 1 1 | 1 i | ! AVERAGE 1 8.6 5.8 5.1 8.2 d.8 10.1 -7.4 7.6 14.7 13.0 5.4 AS PERCENTAGE OF LOANS OUTSTANDING* 2.5 2.1 3.2 2.6 2.1 2.4 2.1 1.8 1.8 1.7 1.9 2.4 2.5 2.3 3.6 2.7 2.6 2.5 2.4 2.0 1.8 1.7 2.0 2.1 2.3 2.0 2.8 2.2 2.5 2.5 2.0 2.1 1.9 2.0 1.9 TABLE 2 2 2 . 3 FEDERAL LAND BANKS LUANS CLOSED TWELVE-MONTH MOVING TOTAL AMOUNT MILLIONS OF DOLLARS I | I PERCENTAGE CHANGE FROM PREVIOUS MONTH * NUMBER | THOUSANDS YEAR | PERCENTAGE! CHANGE | FROM LAST! YEAR 1 AVERAGE S I Z E DOLLARS | AS PERC LOANS I PERCENTAGE| OUTI CHANGE 1 I FROM L A S T ! STANDING* 1 YEAR | 1976—JAN..• -Ftb... —MAR... —APR . . . -may... — JUN. . * -JUL.. . —AUG... -SEP... -OCT. . . —NO V. . . —DEC . . . 4214.4 4214.2 4302.4 4342.1 4326.7 4359.2 439b.3 4427.6 4440.2 4434.2 4522.5 4565.3 | | | | j t | | | I | | -0.1 -0.0 2.1 0.9 -0.4 0.6 0.8 0.7 O.a -0.1 2.0 1.4 | I | | | | | | | I | | i 5.2 2.8 2.6 2.2 1.5 1.4 3.3 5.0 5.2 5.0 8.2 8.7 57.8 57.2 57.8 57.7 57.2 57.3 57.0 57.3 57.2 56.9 57.6 57.7 -7.9 -9.6 -9.2 -9.1 -9.2 -8.8 -6.4 -5.3 -4.8 -4.5 —1 . 6 -1.5 | | | 1 | 1 | I | | | | 72866. 73701. 74412. 75288. 75600. 76105. 77136. 77212. 77608. 77932. 78459. 79460. 1 I 1 1 t 1 1 1 1 I 1 I 14.3 14.1 12.9 12.5 11.7 11.2 12.7 10.9 10.5 10.0 9.9 10.3 | | | 1 | I I » 1 | | | 28.2 27.8 2d . 0 27.9 27.4 27.3 27.1 27.0 26.7 26 .4 26.6 26.6 1977—JAN.. . —FEb... —MAR... -APR... -MAY... Jl)M . . . -JUL... -AUG... -SEP... -OCT . . . -NOV... -DEC... 4 o5 6 . 1 1 4738.7 | 4690.1 | 4975.0 I 5129.6 | 5230.6 1 5355.7 | 5437.9 | 5494.4 | 5539.4 | 5607.7 | 5619.1 | 1.5 1.8 3.2 1.7 3.1 d.O 2.4 1.5 1.0 O.o 1.2 0.2 | | | | | j | | | | | 10.5 12.4 13.7 14.6 18.6 20.0 21.9 22.8 23.7 24.9 24.0 22.5 57.8 58.1 58.5 58.7 59.7 60.4 60.7 61.1 61 . 4 61.7 62.1 62.0 -0.0 1.5 1.1 1.8 4.2 5.4 6.5 6.6 7.3 6.4 7.7 7.5 | | I | | j | | | 1 | | 80548. 81622. 63619. 64707. 85963. 66669. 88264. 66970. 89470. 89819. 90369. 90616. 1 1 1 1 1 1 t 1 1 1 1 1 10.5 10.7 12.4 12.5 13.7 13.9 14.4 15.2 15.3 15.3 15.2 14.0 | | 1 1 | | | I | I | | 26.7 26.9 27.4 27.5 28.0 26.2 28.6 28.6 26.6 26.5 28.4 26.2 1976-JAN... —FE b . . . -MAR . . . —APR . . . -MAY... —JUN... -JUL. . . —AUG . . . — SE P . . . —OCT . . . -NOV... 5 658.0 5661.6 5601.5 5572.3 5624.7 5678.4 5648.1 5725.9 5601.0 5928.2 5979.6 0.7 0.1 -1.1 -0.5 0.9 1.0 -0.5 1.4 1.3 2.2 0.9 | | | | | 1 | | | | | 21.5 19.5 14.5 12.U 9.7 8.6 5.5 5.3 5.6 7.0 6.6 62.0 O l eti 60.9 60.2 60.2 60.3 60.3 60 .6 61.0 61 .9 62 .2 7.3 6.4 4.1 2.4 0.9 -0.2 -0.6 -0.5 —0.6 0.4 0.3 | 1 | | i | I | | | j 912t>0 . 91648. 92020. 92o34. 93400. 94245. 93642. 94112. 95040. 95762. 96100. I 1 I | 1 1 1 1 1 I 1 13.3 12.3 10.0 9.4 6.6 6.7 6.1 5.8 6.2 6.6 b .3 | | 1 j j | | 1 I | | 2o.0 27.7 27.1 26.6 26.6 26.5 26.1 26.1 26.2 26.4 26.4 | 1 | | 1 | | | I 1 | | AVERAGE OUTSTANDING LOANS DURING THE PRECEDING 12 MONTHS (AVERAGE UK END-UP-MONTH DATA) . 14 TABLE 2 2 3 . 1 FEDERAL LAND BANKS NEW MONEY LOANED MILLIONS OF DOLLARS * 1 | I 1 PERCENTAGE CHANGE FROM PREVIOUS MONTH 1976—JAN#•. -FEB... —MAR.*. -APR... -MA Y . . . -JUN... —JUL . . . —AUG... -SEP... —OC T . . . -NOV... -DEC... 325.0 282.5 440.7 347.3 294.3 324.2 298.3 256.1 255.4 247.6 278.7 345.5 | | | | 1 | | 1 I | | I 4.2 -13.1 56.0 -21.Z -15.3 10.2 -6.0 -14.1 -0.3 -3.0 12.o 23.9 1977—JAN... —F E B . . . -MAR•,. —APR... -MAY... -JUN... —JUL. . . —AUG... -SEP... —DC 1 . . . -NOV. . . -DEC... 376.1 346.2 551.9 403.9 405.0 398.7 362.1 309.8 289.3 275.4 3/4.3 355.8 I | | | 1 1 | | I | | | b .9 -b.u 59.4 —26.8 0.3 -1.6 -4.2 -18.9 -6.6 -4.8 17.7 9.7 1978—JAN... -FEB... —MAR... -APR... —MAY... —JUN... —JUL . . . —AUG... -SEP... —OCT . . . -NOV... 409.3 343.7 490.7 375.b 453.5 442.3 365.8 384.5 347.9 385.3 373.7 | I | | | I | I | | | 15.0 —16.0 42.8 -23.4 20.7 -2.5 -17.3 5.1 -9.5 10.7 -3.0 | YEAR 1 (LOANS OUT| STANDING* | I 1 | 1 | | 1 | | I | 1 | | | | | | | | | | 1 | I -2.8 -1.8 19.9 6.7 -6.5 5.9 10.4 6.3 2.7 —6 . 2 35.5 10.7 I 1 I I 1 1 1 I 1 1 1 1 2.0 1.7 2.7 2.1 1.7 1.9 1.7 1.5 1.4 1.4 1 .5 1.9 15.7 22.5 25.2 16.3 37.6 23.0 28.1 21.0 13.3 11.2 16.3 3.0 I 1 I 1 1 1 1 1 1 1 1 1 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 | 8.8 -0.7 -11.1 —6 . 9 12.0 10.9 -4.3 24.1 20.3 39.9 15.2 1 | I 1 I 1 1 1 1 1 1 1.9 1.6 2.2 1.7 2.0 1.9 1.6 1.6 1.5 1.6 1.5 OUTSTANDING LOANS AT END OF PRECEDING MONTH, AS PERC TABLE 2 2 3 , 3 FEDERAL LAND BANKS NEW MONEY LOANED TWELVE-MONTH MOVING TOTAL MILLIONS OF DOLLARS MONTH * AS PERCENTAGE OF PERCENTAGE CHANGE FROM PREVIOUS | YEAR LOANS O U T STANDING* 2.4 23.2 2.1 0.6 -0.2 0.5 -1.1 23.0 2 2 .6 22.4 0.4 0.9 2.5 3.0 1976-JAN.. -FEB.. -MAR.. —APR.• -MAY.. -JUN.. —JUL.. -AUG.. -SEP.. -OCT.. -NOV.. -DEC.. 3468.2 3463.2 3536.2 3557.9 3537.3 3555.5 3583.6 3598.7 3605.4 3589.1 3662.1 3695.6 -0.3 1977—JAN.. -FEB.. —MAR.. —APR.. -MAY.. -JUN.. —JUL.* -AUG.. -SEP.. —OCT.• -NOV.. —DEC.• 3746.6 3610.3 3921.5 3978.0 4088.7 4163.2 4247.1 4300.6 4334.7 4362.5 4408.0 4418.3 1.4 1.7 2.9 1.4 197 8—JAN.. -FEB.. —MAR.• -APR.. -MAY.. -JUN.. -JUL.. -AUG.. —SEP•. —OCT• • -NOV.. 4451.5 4449.1 4387.9 4359.9 4406.4 4452.0 4435.7 4510.5 4569.1 4679.0 4728.5 -0.1 -0.6 0.8 0.2 -0.5 6.0 0.9 2.8 1.8 2.0 1.3 0.6 0.6 1.0 0.2 0.1 0.1 -1.1 2.6 6.3 6.3 8.0 21.5 10.0 10.9 11.8 15.6 17.1 18.5 19.5 20.2 21.5 20.4 19.6 18.6 16.8 -1.4 -O.o 11.9 9.6 7.8 6.9 4.4 4.9 5.4 7.3 7.3 1.1 1.0 -0.4 1.7 1.3 2.4 1.1 AVERAGE OUTSTANDING LOANS DURING THE PRECEDING 22.2 22.1 21.9 21.7 21.3 21.5 21.5 0.8 -0.1 22.6 21.6 22.0 22.0 22.3 22.5 22.6 22.6 22.5 22.4 *2. 4 22.1 22.0 *1.8 21.2 20.o 20.8 20.6 20.5 20.6 20.6 20.9 20.8 12 MONTHS (AVERAGE ENO-OF-HONTH D A T A ) . TABLE 2 2 4 . 1 FEDERAL LAND BANKS REFINANCING AND REPAYMENTS REFINANCING OF FEDERAL 1LAND BANK LOANS MILLIONS OF DOLLARS * 1976-JAN...| -FEB...| -MAR...| -APR...I -MAY...| —JUN...| -JUL...| —AUG..•| -SEP...I -OCT...| —NOV...| -DEC...j 67.9 64.3 86.9 89.1 69.4 80.6 68.8 64.6 67.9 66.0 71.8 92.1 197 7—JAN..•| -FEB...| -MAR...1 —APR...| -MAY...| -JUN...| -JUL...| -AUG...j -SEP...| —OCT... I -NOV...I -DEC... | 87.6 63.3 127.1 117.4 113.3 107.3 110.1 93.1 90.5 83.2 94.6 93.1 197d—JAN.. . i —FEB... I —MAR . . . 1 -APR...I -MAY . . . I -JUN. . . | -JUL. . . | —AUG..*| -SEP...1 -OCT...I —NOV...| 93.4 89.3 128.2 116.2 117.2 117.4 96.1 96.1 107.0 100.6 96.6 | | 1 1 | | | | t i | | | 1 | | | | | | | | | | | | | 1 | 1 | | | 1 | | | | I 1 PERCENTAGE CHANGE FROM PREVIOUS MONTH | YEAR 8.0 -5.2 35.2 2.5 -22.1 16.5 -14.9 -6.1 5.0 -2.7 8.8 28.3 1 1 | | | | | | 1 1 | | 6.9 8.0 21.3 25.3 8.0 21.5 13.3 36.4 9.5 18.5 27.2 46 .6 -4.9 -4.9 52.6 —7.6 -3.5 -5.3 2.6 -15.4 -2.8 —8.0 13.7 -1.5 1 | 1 1 | | | | | j | I 29.1 29.5 46.2 31.8 63.2 32.8 60.0 44.1 33.3 26.1 31.7 1.1 0.3 -4.4 43.6 -9.4 0.6 0.2 -18.2 0.1 11.3 —6.0 -4.0 | | 1 | | | 1 | | | | 6.6 7.2 0.9 -1.0 3.5 9.4 -12.7 3.3 18.2 20.8 2.1 AS PERCENTAGE OF 1 1 1 LOANS OUT—| LOANS 1 STANDING*! CLOSED 1 1 1 1 1 I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 t 1 1 1 1 1 1 1 1 0.42 0.40 0.53 0.53 0.41 0.47 0.40 0.37 0.38 0.37 0.40 0.50 0.47 0.45 0.67 0.61 0.58 0.54 0.55 0.46 0.44 0.40 0.45 0.44 0.44 0.41 0.59 0.52 0.52 0.51 0.42 0.41 0.45 0.42 0.40 | 1 | | 1 | | 1 | 1 | 1 1 1 | | | | | | | | | | | 1 | 1 | | | | | | | | | 17.3 18.5 16.5 20.4 19.1 20.0 18.7 20.2 21.0 21.0 20.5 21.1 18.9 19.4 18.7 22.5 21.9 21.2 22.4 23.1 23.8 23.2 22.6 20.7 18 . 6 20.6 20.7 23.6 20.5 21.0 20.8 20.0 23.5 20.7 20.5 1 1 i MILLIONS | 1 OF 1 1 DOLLARS 1 1 1 1 1 1 1 1 1 1 1 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 j 1 1 149.0 102.8 110.4 101.0 81.0 80.5 78.8 72.6 79.3 82.2 106.2 141.5 207.6 117.0 142.9 109.6 113.3 125.3 131.5 92.6 73.5 92.1 123.1 149.1 202.0 120.2 152.3 129.2 127.6 118.3 101.9 101.5 86.8 113.1 123.9 | | | | | 1 1 | | 1 1 | i 1 | | | | | | | | | | I I | | 1 | | | j | | I | REPAYMENTS PERCENTAGE CHANGE FROM PREVIOUS MONTH 1 10.0 -31.0 7.4 -8.5 -19.8 -0.5 -2.2 -7.9 9.3 3.6 29.2 33.3 46.7 -43.6 22.1 -23.3 3.3 10.6 5.0 -29.6 -20.5 25.3 33 .6 21.1 35.4 -40.5 26.7 -15.2 -1.3 -7.2 -13.9 -0.4 -14.4 30.2 9.6 OUTSTANDING LOANS AT END OF PRECEDING MONTH. " R E F I N A N C I N G OF- FEDERAL LAND BANK LOANS" I S COMPUTED AS LOANS CLOSED LESS NEW MONEY LOANED "REPAYMENTS" ARE COMPUTED AS NEW MONEY LOANED L E S S THE CHANGE I N LOANS OUTSTANDING. YEAR 10.6 60.6 61.9 58.3 26.6 32.9 23.7 36.4 25.4 17.2 32.2 4.5 39.3 13.8 29.5 6.6 39.9 55.6 67.0 27.6 -7.3 12.1 15.9 5.4 -2.7 2.7 6.6 17.9 12.6 —5.6 -22.5 9.7 16.1 22.7 0.6 AS P E R CENTAGE OF LOANS O U T STANDING* TABLE 2 2 4 , 3 FEDERAL LAND BANKS REFINANCING AND REPAYMENTS TWELVE-MONTH MOVING TOTAL REPAYMENTS REFINANCING OF FEDERAL LAND BANK LOANS MILLIONS OF DOLLARS * 1976—JAN,,, —FEB,., —MAR,,, -APR.., -MAY... —JUN... —JUL... —AUG... —SEP. . . -OCT... -NOV... -DEC... 746.2 751.0 766.3 784.2 789.3 803,6 811,7 828,9 834.8 845.1 860.5 889.7 1977—JAN... —FEB . . . -MAR.. . —APR... -MAY... —JUN.. . —JUL . . . —AUG..e -SEP... -OCT... -NOV... —DEC... 909.5 928.5 968,6 997,0 1040,9 1067,3 1108.6 1137,1 1159,7 1176,9 1199,7 1200,7 1978—JAN.. . -FEB... —MAR . . . —APR.. . -MAY... —JUN... —JUL. . . -AUG... -SEP... -OCT... ^-NOV... 1206.5 1212,5 1213,6 1212,4 1216,3 1226,4 1212,4 1215,4 1231,9 1249,2 1251,2 1 I 1 1 | | | 1 I | I | | | | | 1 I I I | | | | | | | | | 1 | I | | | | | | | | 1 PERCENTAGE CHANGE FROM PREVIOUS MONTH 1 YEAR | AS PERCENTAGE OF I LOANS OUT—| | STANDING*! | 17.7 17.8 17.8 18.1 18.2 lb.4 18.5 18.7 lb.8 19.1 19.0 19.4 934.5 973.3 1015.5 1052.7 1070.7 1090.6 1105.7 1125.0 1141.1 1153.2 1179.0 1185.2 5.2 5.3 5.4 5.5 5.7 5.8 5.9 6.0 6.0 6.0 6.1 6.0 | | t | | | 1 | I I | | 19.5 19.6 19.8 20.0 20.3 20.4 20.7 20.9 21.1 21.2 21.4 21.4 1243.8 1258.0 1290.5 1299.2 1331.4 1376.2 1429.0 1449.0 144 3 . 2 1453.1 1470.1 1477.7 6.0 5.9 5.9 5.8 5.7 5.7 5.6 5.5 5.6 5.6 5.5 | | | | I | I 1 | I I 21.3 21.4 21.7 21.8 21.6 21.6 21.5 21.2 21.2 21.1 20.9 1472.0 1475.3 1484.7 1504.3 1518.6 1511.6 1482.0 1490.9 1504.2 1525.1 1525.9 0,6 0,6 2,0 2,3 0,7 1.8 1,0 2,1 0,7 1,2 1,8 3,4 | | | I I | | I 1 | | | 21.0 17.3 16.0 15.2 14.5 14.3 15.0 17.3 15.6 16.8 16.9 19.9 1 1 1 1 1 1 1 1 1 | | 1 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.1 5.0 5.0 5 . 1 5.2 2,2 2,1 4,3 2,9 4,4 2,5 3,9 2,6 2,0 1,5 1.9 0.1 | I | | | 1 | | 1 | | | 21.9 23.6 26.4 27.1 31.9 32.8 36.6 37.2 38.9 39.3 39.4 35.0 1 1 1 1 1 1 1 1 1 1 1 1 0.5 0.5 0.1 -0.1 0.3 0.8 -1.1 0.2 1.4 1.4 0.2 1 1 | | I | I 1 1 | I 32.7 30.6 25.3 21.6 16.9 14.9 9.4 6.9 6.2 6.1 4.3 1 1 1 1 I 1 1 1 i 1 1 AVERAGE OUTSTANDING LOANS DURING THE PRECEDING " R E F I N A N C I N G OF FEDERAL LAND BANK LOANS" LOANS CLOSED MILLIONS I OF 1 DOLLARS I 1 1 I | | | | | i I | | 12 MONTHS PERCENTAGE CHANGE FROM PREVIOUS MONTH | | 1 I 1 1 1 | 1 | | | j | | | | 1 | I | | | I I | 1 | | | | | | | | | | 1.6 4.1 4.3 3.7 1.7 1.9 1.4 1.7 1.4 1.1 2.2 0.5 4.9 1.1 2.6 0.7 2.5 3.4 3.8 1.4 -0.4 0.7 1.2 0.5 -0.4 0.2 0.6 1.3 1.0 -0.5 -2.0 0.6 0.9 1.4 0.1 | | | | 1 | | | 1 1 I | | i | I # i I | | | 1 | | 1 j | | | | 1 | 1 | 1 | I (AVERAGE UF END-OF-MONTH D A T A ) . I S COMPUTED AS LOANS CLOSED L E S S NEW MONEY L O A N t D . Digitized for"REPAYMENTS FRASER 11 ARE COMPUTED AS NEW MONEY LOANED L E S S THE CHANGE I N LOANS OUTSTANDING, YEAR I AS P E R C E N T A G E OF I LOANS OUT| STANDING* 11.7 17.7 23.7 28.7 30.1 31.0 31.8 34.3 33.0 33.7 34.5 28.8 1 I j 1 j I I I 1 I | I 6.3 6.4 6.6 6.8 6.8 6.8 6.8 6.9 6.9 6.9 6.9 6.9 33.1 29.3 27.1 23.4 2<*.4 26.2 29.2 28.8 26.5 26.0 24.7 24.7 1 1 1 1 1 1 1 I 1 I 1 I 7.1 7.1 7.2 7.2 7.3 7.4 7.6 7.6 7.5 7.5 7.5 7.4 18.4 17.3 15.0 15.8 14.1 9.8 3.7 2.9 4.2 5.0 3.8 1 1 1 1 1 I 1 1 1 | I 7.3 7.2 7.2 7.2 7.2 7.1 6.8 6.8 6.8 6.8 6.7 AGRICULTURAL 230 LIFE 231 DECEMBER 1 9 7 8 ACTUAL.... FARM MORTGAGES ACQUIRED ACTUAL 12-MONTH MOVING TOTAL FARM MORTGAGE COMMITMENTS OUTSTANDING 233.1 SOURCE: SERIES FARM MORTGAGES OUTSTANDING 232.1 232.3 233 DATAbOOK—MONTHLY INSURANCE C O M P A N I E S 231.1 232 FINANCE ACTUAL. "MONTHLY S T A T I S T I C A L REPORT » m AMERICAN C O U N C I L OF LIFE INSURANCE. • TABLE 231*1 • • • € L I F E INSURANCE COMPANIES FARM MORTGAGES OUTSTANDING END OF MONTH MILLIONS PERCENTAGE CHANGE FROM P R E V I O U S OF DOLLARS CHANGE FROM P R E V I O U S MONTH AMOUNT MONTH 1976—JAN.. —FEB*. —MAR.. -APR.« -MAY.. -JUN.. -JUL.. —AUG.« —SEP. . —OC T . . -NOV.. -DEC.. 6731. 6769. 6815. 6876. 6946. 7005. 7072. 7127. 7184. 7219. 7291. 742 5 . -22. 1977—JAN.• —FE 8 . « -MAR.. —APR.. -MAY.. —JUN.« -JUL.. -AUG.. -SEP.. —OC T . i -NOV., -DEC., 1978—JAN.« —FEb. « -MAR.. -APR.« -MAY.. -JUN., -JUL., -AUG.. -SEP., | YEAR -0.3 70. 59. 67. 55. 57. 35. 72. 134. 431. 375. 387. 372. 403. 432. 488. 521. 553. 558. 612. 672. 7434. 7510. 7640. 7814. 7924. 8139. 8235. 8330. 8475. 8569. 8648. 8843. 9. 76. 130. 174. 110. 215. 96. 95. 145. 94. 79. 195. 703. 741. 825. 938. 976. 1134. 1163. 1203. 1291. 1350. 1357. 1418. 0.1 1.0 8903. 9012. 9210. 9379. 9517. 9703. 9820. 9956. 10105. 1469. 1502. 1570. 1565. 1593. 1564. 1585. 1626. 1630. 0.7 109. 198. 169. 138. 186. 117. 136. 149. 38. 46. 61. 60. 0.6 0.7 0.9 1.0 0.8 1.0 0*8 0.8 0.5 1.0 1.8 1.7 2.3 1.4 2.7 1.2 1.2 1.7 1.1 0.9 2.3 1.2 2.2 1.8 1.5 2.0 1.2 1.4 1.5 19 % TABLE 232.1 L I F E INSURANCE C O M P A N I E S FARM MORTGAGES ACQUIRED PERCENTAGE CHANGE FROM P R E V I O U S M I L L I O N S OF DOLLARS CHANGE FROM P R E V I O U S MONTH AMOUNT MONTH 1976—JAN.. -FEB.. -MAR.. —APR.. -MAY.. —JON*. —JUL.. —AUG.. -SEP.. -OCT.. -NOV.. -DEC.. 1977—JAN.. -FE B . . -MAR.. -APR. . -MAY. . —JUN.. —JUL.. -AUG.. -SEP.. —OCT • . -NOV. . -DEC.. 1978—JAN.. -FEB.. —MAR•• —APR.. -MAY.. —JUN.. —JUL.. —AUG.. -SEP.. * | -53. 20. 136. 20. -46. 17. 125. 131. 138. 106. 123. 79. —3. 100. 116. 128. 116. 16. —8 . 6. 7. -32. 17. -44. 37. 8. 50. 56. 83. 53. 61. 17.2 - 5 .9 —2 . 3 4.8 5.3 -23.2 16.0 82. -33.9 -2.5 49.4 9.9 -16.4 29.9 -39.6 11.9 160. 156. 233. 256. 214. 278. -82. 60. -4. 77. 23. -42. 64. 40. 97. 128. 89. 147. 30. 106 .6 25.0 -29.3 14.3 6.7 66.7 74.7 150.9 100.0 96.4 46.3 78.5 58.2 60.0 34.5 71.3 100.0 71.2 112.2 209. 144. 135. 319. -65 . -9. 184. 65. 19. 77. -31.1 —6 . 3 136.3 21.7 77.4 69.9 82.3 16.4 31.6 200. -119. 40. 50. 51. 15. 37. -5. 35. -37.3 3.0 37.9 —4.6 -7.4 25.0 32.1 21.9 5.9 17.3 206. 284. 271. 251. 273. 203. 204. 223. 20. 21. 6. 78. — 13 . -20. 22. -70. 86. 1. 16. 19. 14. OUTSTANDING MORTGAGES AT END OF P R E C E D I N G MONTH. 16.0 -35.8 46*8 126. -110. —34.6 25. 51. 89. 242. 168. 188. YEAR YEAR 11.2 8.8 -1.8 -25.6 0.5 9.3 8.5 6.7 20.6 AS P E R CENTAGE OF MORTGAGES OUTSTANDING* 1.5 1.7 2.0 1.9 1.6 1.9 2.0 1.5 1.7 1.1 1.6 3.3 2.2 2.1 3.1 3.4 2.7 3.5 2.1 2.3 2.3 3.2 2.9 2.7 2.9 2.3 2.5 1.7 1.6 3.7 2.1 2.1 2.2 TABLE 2 3 . ' . 3 L I F E INSURANCE COMPANIES FARM MORTGAGES ACQUIRED TWELVE-MONTH MOVING TOTAL M I L L I O N S OF DOLLARS AMOUNT * | 1 CHANGE FROM PREVIOUS I 1 MONTH | | YEAR 1976—JAN..•| -FEB...I —MAR...| -APR...I -MAY...I —JUN.••j —JUL. * . | -AUG...| -SEP...I -OCT...1 —NOV...| —DEC...| 1095. 1047. 1064. 1072. 1122. 1178. 1261. 1314. 1375. 1400. 1451. 1540. 20. -48. 17. 8. 50. 56. 63. 53. 61. 25. 51. 89. 1977—JAN...| —FE B . . . | -MAR...| —APR...j -MAY...| —JUN...j —JUL...| -AUG...I -SEP...! -OCT...I —NOV...I —DEC. . . | 1600. 1640. 1737. 1665. 1954. 2101. 2131. 2213. 2299. 2364. 2383. 2460. 1976—JAN...| —FE B . . . | —MAR...| -APR . . . | —MAY . . . I —JUN...| —JUL...t —AUG...| -SEP...I 2500. 2550. 2601. 2616. 2653 . 2648. 2683. 2699. 2713. PERCENTAGE CHANGE FROM PREVIOUS MONTH YEAR 97. -51. -29. -49. 21. 99. 223. 296. 350. 393. 432. 465. | | | | I | | | | | | | 1.9 -4.4 1.6 0.8 4.7 5.0 7.0 4.2 4.6 1.8 3.6 6.1 | | | 1 | | | | j | | | 9.7 -4.6 -2.7 -4.4 1.9 9.2 21.5 29.1 34.1 39.0 42.4 43.3 16.7 15.9 16.1 16.1 16.8 17.5 18.7 19.3 20.1 20.3 20.9 22.1 | | | | | 1 | | | | | | 60. 40. 97. 128. 89. 147. 30. 82. 86. 65. 19. 77. 1 | | I | | | ! | 1 I | j | | | | | I | 1 | | | I 505. 593. 673. 793. 832. 923. 870. 699. 924. 964. 932. 920. 3.9 2.5 5.9 7.4 4.6 7.5 1.4 3.6 3.9 2.8 0.8 3.2 22.7 23.1 24.3 25.6 26.7 26.4 28.5 29.2 29.9 30.4 30.2 30.7 | 1 | | 1 | | | | | | | | | | | | 1 | | | 900. 910. 864. 751. 699. 547. 552. 466. 414. | | | | | | | I | | | I 1 | | I | | | 1 1 | 46.1 56.6 63.3 74.0 74.2 76.4 69.0 66.4 67.2 66.9 64 . 2 59.7 40. 50. 51. 15. 37. -5. 35. 16. 14. | | | 1 | | | | | | | | 1 | | | I | | | | | 56.3 55.5 49.7 40.3 35.8 26.0 25.9 22.0 16.0 30.7 30.9 31.0 30.7 30.7 30.2 30.1 29.9 29.6 | 1 | | | | | 1 | 1.6 2.0 2.0 0.6 1.4 -0.2 1.3 0.6 0.5 AVERAGE OUTSTANDING MORTGAGES DURING THE P R E C c D l N G | 1 AS P E R - | CENTAGE OF 1 MORTGAGES| OUTi STANDING*| 12 MONTHS (AVERAGE OF END-OF-MONTH D A T A ) , 21 TABLE 2 3 3 . 1 L I F E INSURANCE COMPANIES OUTSTANDING FARM MORTGAGE COMMITMENTS END OF MONTH M I L L I O N S OF DOLLARS PERCENTAGE CHANGE FROM PREVIOUS AS PERCENTAGE OF MORTGAGES CHANGE FROM PREVIOUS AMOUNT MONTH | YEAR 1 | MONTH | 1 YEAR OUTSTANDING ACQUIRED I N MONTH 7.0 11.0 2.0 22.0 -19.0 8.0 -3.0 7.0 26.0 62.0 10.0 -39.0 | | | | | | | | | | | | -30.0 -23.0 13.0 71.0 69.0 91.0 88.0 89.0 82.0 109.0 86.0 94.0 | | | | 1 | | | | | | | 1.5 2.4 0.4 4 .6 -3.8 1.7 -0.6 1.4 5.3 11.9 1.7 —6.6 | | | | I | | | | | | | —6.0 -4.6 2.6 16.5 16.7 22.8 22.1 22.0 16.7 23.0 17.0 20.5 6.9 7.0 7.0 7.3 6.9 7.0 6.9 6.9 7.2 6.1 8.1 7.4 466.0 411.2 352.2 391.4 365 .6 374.0 352.9 466.0 422.8 736.7 510.3 226.5 567.0 614.0 603.0 663.0 680.0 671.0 673.0 696.0 745.0 769.0 782.0 768.0 | I | | | 1 | | I | | | 11 | | 1 I | | t | | | | | 14.0 47.0 -11.0 60.0 17.0 -9.0 2.0 23.0 49.0 24.0 13.0 —14.0 | | | | 1 | 1 | | | | | 101.0 137.0 124.0 162.0 198.0 181.0 186.0 202.0 225.0 167.0 190.0 215.0 | 1 | | | | | | | | | | 2.5 8.3 -1.6 10.0 2.6 -1.3 0.3 3.4 7.0 3.2 1.7 -1.8 21.7 26.7 25.9 32.3 41.1 36.9 38.2 40.9 43.3 32.1 32.1 38.9 7.6 6.2 7.9 6.5 6.6 8.2 6.2 6.4 8.8 9.0 9.0 6.7 354.4 393.6 258.8 259.0 317.8 241.4 400.6 370.2 356.5 534.0 579.3 240.8 742.0 818.0 827.0 846.0 800.0 869.0 656.0 841.0 862.0 I | | | | | 1 1 | -26.0 76.0 9.0 19.0 -46.0 69.0 -13.0 -15.0 21.0 | | | | | | | | | 175.0 204.0 224.0 183.0 120.0 198.0 183.0 145.0 117.0 | 1 | | | I I | | -3.4 10.2 1.1 2.3 -5.4 8.6 -1.5 -1.8 2.5 | | | 1 | | | | 1 I | 1 j | | 1 | | I | | | 30.9 33.2 37.1 27.6 17.6 29.5 27.2 20.8 15.7 8.3 9.1 9.0 9.0 6.4 9.0 8.7 8.4 8.5 371.0 397.1 291.2 312.2 318.7 318.3 421.7 412.3 366.5 1976-JAN...| -FE6...I —MAR...j —APR...| —MAY . . . I —JUN...| —JUL...| —AUG...| -SEP...! -OCT...I —NOV . . . I —DEC . . . | 466.0 477.0 479.0 501.0 462.0 490.0 467,0 494.0 520.0 582.0 592.0 553.0 197 7 — J A N . . . | —FEb... | —MAR...| —APR. . . | —MAY . . . I —JUN...| -JUL...i -AUG...! -SEP...I -OC T . . . j —NOV... | -DEC...! 1976—JAN... | —FEB...| —MAR . . . I -APR. . . | —MAY . . . 1 —JUN.*•| —JUL.* * 1 —AUG..•1 -SEP...I | 1 AGRICULTURAL FINANCE: DATABOOK—MONTHLY S E R I E S 300 DECEMBER 1 9 7 8 AGRICULTURAL BANKING DATA 301 FARM NON-REAL-ESTATE 301.1 302 AMOUNT AND CHANGE FROM PREVIOUS YEAR 24 SEASONAL BORROWING BY MEMBER BANKS 302.1 310 LOANS NUMBER OF BANKS AND AVERAGE DAILY BORROWING 25 DEPOSITS AND LOANS AT AGRICULTURAL BANKS 311 FEDERAL RESERVE D I S T R I C T S 7 AND 9 311.3 312 PERCENTAGE CHANGE FROM PREVIOUS YEAR, AND LOAN/DEPOSIT RATIO FEDERAL RESERVE D I S T R I C T 312.3 26 6 AND TEXAS PERCENTAGE CHANGE FROM PREVIOUS YEAR, AND LOAN/DEPOSIT RATIO 27 FOR INFORMATION ON THE DESIGN OF THE SEASONAL BORROWING P R I V I L E G E FOR WHICH DATA ARE SHOWN IN SECTION 3 0 2 , AND ALSO AN ANALYSIS UF I T S POTENTIAL AND ACTUAL USE BY AGRICULTURAL BANK*, SEE "SEASONAL BORROWING AT THE FEDERAL RESERVE DISCOUNT WINDOW," BY EMANUEL MELICHAR AND HARRIET HOLDtRNESS, ANC£ R E V I E W , OCTOBER 1 9 7 4 , P P . 4 2 - 5 1 . FOR A BRIEF DISCUSSION OF THE ANALYTICAL VALUE OF THE DATA IN SECTION 3 1 0 , SEE THE SECTION ENTITLED "FREQUENT DEPOSIT AND LOAN DATA" IN "OVERALL MEASURE* OF FINANCIAL PERFORMANCE," BY EMANUEL MELICHAR, AGRICULTURAL FINANCE REVIEW, FEBRUARY 1 9 7 7 , P P . 8 7 - B 6 . 24 TABLE 3 0 1 . 1 FARM N O N - R E A L - F S T A T E LOANS AT COMMERCIAL BANKS (END OF MONTH) THAMGE FROM PREVIOUS YEAR AMOUNT 1 LARGF I BANKS 1(MILLIONS ! OF ! DOLLARS) LARGF BANKS (MILLIONS OF 1 SEASONALLY DOLLARS) 1 ADJUSTED I 1 1 ! 1 ALL COMMERCIAL BANKS ( B I L L I O N S OF DOLLARS) ACTUAL 1976-JAN... -FEB... -MAR... -ADP . . . -MAY.. . -JUN... -JUL... -AUG... -SEP... -OCT... -NOV... -DEC... 1 1 ! 1 I ! 1 1 ! ! 1 1 3645. 3627. 3710. 3802. 3837. 3959. 3999. 4171. 4247. 4278. 4258. 4262. 20.2 20.3 20.5 21.2 21.6 22.2 22.4 22.6 22.9 23.0 23.1 23.2 I I ! | 1 | ! | ! I ! 1 20.6 20.7 20.7 21.3 21.5 21.8 ?2.0 22.3 22.7 23.0 23.3 23.5 46. 129. 320. 377. 440. 501. 450. 590. 616. 681. 711. 622. 1 1 1 1 1 1 I 1 1 I ! 1 1977-J AN... -FEB.,. —MAR... -APR... -MAY... -JUN... -JUL... —AUG... -SEP... -OCT... -NOV... —DEC... 1 1 ! ! 1 1 I ! I 1 1 1 4243. 4165. 4268. 4369. 4578. 4694. 4743. 4758. 4794. 4798. 4700. 4700. 23.2 23.3 23.7 24.3 24.9 25.6 25.9 26.1 26.3 26.1 25.9 25.7 ! I 1 1 ! 1 1 I I ! 1 1 23.6 23.7 24.0 24.4 24.8 25.2 25.4 25.6 26.0 26.1 26.1 26.0 598. 538. 558. 567. 741. 735. 744. 587. 547. 520. 442. 438. 1Q78-JAN... -FEB... —MAR... -APR... -MAY... -JUN... -JUL... —AUG..* -SEP... -OCT.. . -NOV... ! ! 1 1 ! ! 1 I 1 1 1 4639. 4525. 4783. 4793. 5005. 4997. 5148. 5247. 5323. 5437. 5340. I I 1 1 I ! 1 1 1 1 1 1 i l 25.5 27.0 28.1 j I I 1 1 1 1 ! I 1 1 396. 360. 515. 424. 427. 303. 405. 489. 529. 639. 640. 25.8 26.6 27.7 | 1 ALL COMMERCIAL BANKS! ( B I L L I O N S OF DOLLARS)1 1 ACTUAL 1 SEASONALLY! ! ADJUSTED | 2.1 2.2 2.2 2.7 2.9 3. 1 3.0 2.9 3.0 3.1 3.2 3.1 1 I 1 1 1 I t ! 1 \ ! 1 11 3.0 1 3.0 1 3.2 1 3. 1 1 3.3 ! 3.5 1 3.5 ! 3.5 1 3.4 ! 3.1 1 2.8 I 2.5 ! 1 1 1 1.8 1 1 ! 1.4 ! 1 1 1.8 1 1 ! ! ! 1 1 1 1 1 1 ! ! 2.0 2.3 2.2 2.6 3.0 3.0 3.0 2.9 3.0 3.1 3.2 3.1 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 1.7 ! 1 I ! | ! I 1 1 I ! ! ii ! 1 1 I | ! 1 1 1 | 1 I I 1 1 | 1 1 | ! 1 1 1 1 PERCENTAGE CHANGE FROM PREVIOUS YEAR LARGE BANKS 1 ALL COMMERCIAL BANKS ! ! ACTUAL | SEASONALLY I 1 ADJUSTED 1.3 3.7 9.4 11.0 13.0 14.5 12.7 16.5 17.0 18.9 20.0 17.1 1 ! ! 1 ! ! \ 1 ! 1 ! ! 11.6 12.2 11.8 14.6 15.5 16.3 15.5 14.7 15.1 15.6 16.1 15.2 1 | I I ! ! | ! ! | I ! 10.8 12.5 11.9 13.9 16.2 16.3 15.8 14.9 15.1 15.6 15.9 15.2 16.4 14.8 15.0 14.9 19.3 18.6 18.6 14.1 12.9 12.2 10.4 10.3 ! 1 1 ! 1 1 ! 1 ! 1 1 ! I 1 14.9 14.8 15.8 14.6 15.3 15.6 15.6 15.5 14.8 13.5 12.1 10.8 | I | | | I \ 1 I ! 1 1 1 1 14.6 14.5 15.8 14.6 15.3 15.6 15.5 14.8 14.6 13.5 12.0 10.8 1 7.5 1 7.5 9.3 8.6 12.1 9.7 9.3 6.5 8.5 10.3 11.0 13.3 13.6 1 1 1 1 1 5.4 6.9 1 | 1 1 | 5.4 6.6 LARGE-BANK DATA ARE FOR APPROXIMATELY 3 3 0 COMMERCIAL BANKS THAT SUBMIT THE F . R . 4 1 6 WEEKLY REPORT OF C O N D I T I O N . ARE BANKS THAT HAD TOTAL D E P O S I T S IN EXCESS OF $ 1 0 0 MILLION AS OF DECEMBER 3 1 , 1 9 6 5 . THESE DATA SHOWN FOR ALL COMMERCIAL BANKS ARE FROM CALL REPORTS AVAILABLE FOR JUNE AND DECEMBER 1 9 7 5 AND QUARTERLY STARTING I N MARCH 1 9 7 6 (MARCH AND SEPTEMBER DATA ARE ESTIMATED FOR UNINSURED B A N K S ) . FOR OTHER MONTHS » DATA SHOWN ARE INTERPOLATED E S T I M A T E S . DATA FOR JUNE 1 9 7 8 ARE PRELIMINARY E S T I M A T E S . # # # # # # # # # # TABLE 30i. MEMBER BANK BORROWING UNDER SEASONAL BORROWING P R I V I L E G E WEEK ENDING ON LAST WEDNESDAY OF MONTH NUMBER OF BANKS DEPOSIT SIZE TOTAL UP TO $100 MILLION 1976-JAN.••I —FEB** * | -MAR...I -APR** *j -MAY...I - J U N . * *j - J U L * * *j —AUG* * * | -SEP** *| —OCT* * * 1 —NOV * * * I -DEC* * * j 7. 10. 17. 20. 21. 42. 38. 40. 49. 40. 31 . 19. 7. 10. 17. 20. 21. 41. 37. 39. 48. 38. 31. 19. 1977—JAN.* *| — FEB* * * | —MAR** * j —APR * * * j -MAY***} —JUN** * | —JUL * * * j -AUG.**| —SEP* * * | —OCT.* * I —NOV * * * | —DEC* * * | 8. 10. 17. 21. 45. 59. 63. 99. 92. 81. 53. 34. 8. 10. 17. 21. 44. 55. 59. 89. 83. 74. 45. 31* 1978—JAN* * * | —FEB...I —MAR* * * j —APR * * * | —MAY* * * 1 —JUN* * * | —JUL * * * | —AUG..*| -SEP * * * I —OCT * * * | —NOV* * * | -OEC...I 23. 31. 51 . 43. 93. 109. 128* 161* 160* 159* 117. 76. 23* 31* 49* 42* 65* 100* 122* 150* 147* 144* 102* 69* DEPOSIT SIZE CLASSIFICATION IS AVERAGE D A I L Y SEASONAL BORROWING (THOUSANDS OF DOLLARS) OF BANK | OVER i $100 | MILLION I I | | | I | | | | | 1 i 1 | | | | | | | | | | | | i | I | | | | | I | 1 | I | I 1 | IDEPOSIT TOTAL SIZE OF BANK 1 UP TO 1 $100 I MILLION | OVER 1 $100 | MILLION 0* 0. 0* 0* 0* 1* 1* 1* 1* 2* 0* 0* | | | i 1 1 1 1 1 | | | 8267. 8233. 9605. 11153* 11637. 27898. 25957. 23354. 33618. 33297. 27215. 9970* 1 1 1 1 1 I 1 1 I 1 I I 8267* 8233* 9605* 11153* 11637* 25896* 20243* 17354* 29618. 29154. 27215. 9970. | | | | 1 | | | | | | | 0* 0* 0. 0. 0. 2000. 5714. 6000. 4000. 4143. 0. 0. 0. 0* 0* 0* 1* 4* 4* 10* 9* 7* 8* 3* I I | | I | I | I I 1 I 8113* 11353* 14161* 15030* 34503* 70153* 68701* 130235* 115456* 116094* 74288* 52761* 8113* 11353* 14161* 15030* 32503* 45658* 48508. 80936. 73456. 74794. 41488. 34461. I | | I | | I t | | | I 35588* 52858* 51892* 494 00* 114954* 133794* 150938* 206810* 204226* 2 3 5 4 4 8* 180107* 131159* | | | | | | | | | | | 1 1 | | | | | | | | | | | | 0. 0. 0. 0* 2000* 24500* 20193* 49299* 42000* 41300. 32800. 18300. 0* 0* 2* 1* 8* 9* 6* 11. 13* 15* 15* 7. I 1 I I 1 1 | I I 1 1 1 1 1 I 1 1 I 1 1 1 1 1 1 1 BASED ON AVERAGE D E P O S I T S 35588. 52858. 50535. 44686. 88968. 101623. 119581. 158153. 156046* 158958* 105834* 87763* IN 1972. 0. 0. 1357. 4714. 25986. 32171. 31357. 48657. 48180. 76490* 74273. 43396. 26 TABLE 3 1 1 . 3 D E P O S I T S AND LOANS AT AGRICULTURAL BANKS SEVENTH AND NINTH FEDERAL RESERVE D I S T R I C T S SEVENTH FEDERAL RESERVE D I S T R I C T (CHICAGO) NINTH FEDERAL RESERVE D I S T R I C T ( M I N N E A P O L I S ) SECOND WEDNESDAY OF MONTH PERCENTAGE CHANGE FROM PREVIOUS YEAR DEPOSITS I TOTAL 1976—JAN. -FEB. -MAR. -APR. -MAY. -JUN. -JUL. -AUG. -SEP. -OCT. -NOV. —DEC * • 1977-JAN. -FEB. -MAR. -APR. -MAY. -JUN. —JUL* -AUG. -SEP. -OCT. -NOV. -DEC. 1 9 7 8—JAN. -FEB. -MAR. -APR. -MAY. -JUN. -JUL. —AUG. -SEP. -OCT. -NOV. e. . . . . . . e. . . . . e# . . *# #• *# .. . . ## •# ee *# #e e* DEMAND 1 LOANS TIME |********* |********* j********* j********* j********* j********* j********* |********* |********* j********* j********* j********* |********* j********* | ********* j********* j********* j********* j********* j********* j********* j********* j********* j********* | ********* j********* j********* j********* j********* j********* j********* j********* |********* |********* 11.1 10.7 11.5 12.0 11.9 11.0 10.3 10.1 9.2 8.1 8.6 9.0 1 I I I 1 1 1 | 1 I | I 3.0 1.8 4.3 5.7 5.1 3.4 1.1 0.8 -1.4 —2.6 0.5 2.2 1 1 1 1 1 1 1 1 1 1 1 1 14.9 14.7 14.6 14.7 14.7 14.2 14.2 13.9 13.7 12.7 12.0 11.9 1 I I 1 1 I I I 1 1 I 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 9.5 8.7 8.7 8.6 8.2 8.8 8.7 8.6 9.2 10.0 9.7 I I 1 1 1 1 1 1 1 1 1 4.2 2.6 3.7 3.5 4.0 6.5 7.2 7.0 9.2 11.6 10.2 1 1 1 I I 1 I I I 1 1 11.7 11.1 10.6 10.6 9.8 9.7 9.3 9.2 9.2 9.4 9.5 1 1 1 I 1 1 1 1 1 1 1 17.1 16.4 15.1 14.3 13.5 13.0 12.0 12.9 12.3 12.6 13.6 ********* • 1 ********* ********* ********* ********* ********* ********* ********* ********* ********* ********* ********* LOAND EPO SIT RATIO I********* |********* 0.537 0.537 0.543 0.545 0.572 0.551 0.560 0.561 0.558 0.555 0.561 0.568 0.574 0.574 0.581 0.578 0 . 566 0.593 0.612 0.617 0.621 0.623 0.619 0.621 0.614 0.616 0.617 0.608 0.615 0.616 0.631 0.642 0.639 0.637 0.641 I 1 1 1 1 1 I 1 1 I I I I 1 1 I 1 1 I 1 I 1 I I I I 1 1 | 1 j I I I I | 1 1 1 I 1 | PERCENTAGE CHANGE FROM PREVIOUS YEAR DEPOSITS TuTAL 1 DEMAND 9.6 10.1 8.2 9.6 9.0 b .6 6.3 8.9 7.9 9.3 8.3 8.0 —0.6 3.0 1.2 5.4 4.3 3.6 2.9 4.3 0.4 1.8 0.5 -0.0 7.4 7.2 8.8 8.7 9.1 8.6 8.0 7.8 8.5 7.7 7.6 7.4 —0.8 -1.1 0.8 0.2 1.2 1.0 0.8 -0.1 3.3 2.1 3.0 3.2 8.5 7.9 8.2 6.6 8.8 9.6 9.7 8.6 8.8 9.1 9.5 7.7 5.6 6.1 7.5 8.0 10.6 10.8 9.1 9.3 10.7 10.9 1 TIME I 1 1 1 I I I 1 1 1 1 I 1j 14.9 13.3 11.3 11.4 ii.o 10.8 10.6 10.9 11.1 12.6 11.8 11.6 1 1 1 1 1 1 1 I 1 1 1 1 | 1 1 1 1 1 1 1 1 1 1 1 H . l 10.6 12.1 12.2 12.2 11.7 10.8 11.0 10.6 10.0 9.4 9.1 0.9 8.8 9.0 9.0 9.1 9.3 9.4 8.5 8.6 8.5 8.9 1 1 1 | | | | | | | | 1 I | | 11 1 | | I 1 | # | | | 1 1 j | | | | | | | | 1 | I LOANS | | LOANDEPOSIT RATIO 9.1 12.8 11.3 10.5 10.9 13.0 11.3 12.4 13.4 14.0 14.4 12.6 | 1 | | | 1 | | 1 1 | | 0.607 0.619 0.616 0.622 0.635 0.640 0 . 645 0.649 0.654 0.650 0.644 0.642 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 | I | i 1 i | | | 1 | 0.635 0.651 0.650 0.654 0 . 6b5 0.669 0.686 0.689 0.684 0.688 0.687 0.680 13.9 13.2 13.4 12.5 13.2 13.2 13.0 13.4 13.2 12.9 14.3 1 1 1 1 1 | I 1 | | | 0.666 0.683 0.681 0.677 0.692 0.690 0.707 0.719 0.711 0.711 0.717 DATA FOR THE SEVENTH D I S T R I C T COVER MEMBER BANKS HAVING A RELATIVELY LARGE PROPORTION OF AGRICULTURAL LOANS AND LOCATED IN TOWNS WITH POPULATION UNDER 1 5 , 0 0 0 . DATA FOR THE NINTH D I S T R I C T COVER MEMBER BANKS AT WHICH AGRICULTURAL LOANS EXCEEDED 2 0 PERCENT OF TOTAL LOANS AS OF JUNE 1 9 6 9 . FOR BOTH D I S T R I C T S , LOANS ARE GROSS LOANS L E S S FEDERAL FUNDS SOLD AND S E C U R I T I E S PURCHASED UNDER AGREEMENTS TO R E S E L L . • • • • • TABLE 3 1 2 . 3 • • • • • D E P O S I T S AND LOANS AT AGRICULTURAL BANKS S I X T H FEDERAL RESERVE D I S T R I C T AND TEXAS TEXAS S I X T H FEDERAL RESERVE D I S T R I C T (ATLANTA) MONTHLY AVERAGE ENDING SECOND WEDNESDAY OF MONTH PERCENTAGE CHANGE FROM PREVIOUS YEAR DEPOSITS TOTAL DEMAND LOAN— DEPOSIT RATIO DEPOSITS 1 1 ********* 5.7 8.1 9.3 9.0 11.6 12.8 13.4 13.7 13.3 13.7 14.1 | | 1 1 I | I | | | 1 | 0.570 0.567 0.571 0.566 0.573 0.588 0.596 0.603 0.606 0.599 0.596 0.597 15.9 15.4 15.0 15.3 14.1 12.9 12.1 10.5 10.1 10.0 10.2 11.3 1 | | | | | I 1 I I | I j » | | 1 I | | I | 1 | I LOANS 1 PERCENTAGE CHANGE FROM PREVIOUS YEAR I 1 1 I 1 TIME 1976-JAN... ********* 8.6 -FEB... 9.9 -MAR... 10.2 —APR... 10.7 -MAY... 9.9 -JUN... 9.4 -JUL... 9.7 —AUG... 9.0 -SEP... 9.8 -OCT... 10.9 -NOV... 10.9 -DEC... ********* 9.6 7.8 8.2 9.5 8.6 8.2 7.8 5.8 5.9 7.0 7.8 |********* I 10.9 | 11.1 | 11.4 | 11.4 I 10.7 I 10.7 I 10.7 I 10.7 I 12.0 I 13.2 t 12.7 1977—JAN... —FEB..• —MAR... -APR... -MAY... —JUN..* —JUL * • • -AUG... -SEP... -OCT... -NOV... -DEC... 10.4 10.3 10.3 10.3 10.0 10.1 10.9 10.8 10.8 9.3 9.7 10.7 6.2 5.2 5.5 5.6 4.6 4.0 5.3 4.6 4.4 3.4 4.5 5.9 I I I I 1 | I I I I I | 12.9 13.2 13.0 13.0 13.0 13.4 13.9 14.0 14.2 12.4 12.5 13.4 15.1 15.0 15.9 15.7 15.0 17.0 17.2 17.7 17.7 18.0 18.5 18.5 I | 1 | 1 | | I 1 | | 1 0.594 0.598 0.598 0.599 0.616 0.628 0.632 0.643 0.644 0 . 646 0.642 0.636 11.9 11.7 11.0 11.1 10.8 10.7 10.9 11.2 11.5 11.4 11.3 11.0 1978—JAN... —FE b . . . -MAR... —APR... -MAY... —JUN... —JUL... —AUG... -SEP... —OCT... -NOV... —DEC..• 11.1 10.8 11.9 12.9 13.7 13.4 12.8 12.2 12.7 13.0 12.2 10.9 8.5 7.9 8.9 11.4 13.5 13.2 13.0 12.3 13.9 14.1 11.8 9.8 | I I | I | I | I I I | 12.5 12.3 13.6 13.7 13.8 13.6 12.7 12.1 12.1 12.4 12.4 11.5 16.9 16.7 17.3 14.4 12.8 12.8 12.7 13.5 14.3 13.8 13.3 12.4 | | I | | | I | | 1 1 I 0.623 0.628 0.622 0.604 0.608 0.620 0.629 0.644 0.647 0.646 0.644 0.638 10.5 10.9 11.3 11.8 13.0 13.3 12.6 12.6 lc.2 11.8 11.1 ********* LOANS LOANDEPOSIT RATIO I | | 10.8 12.1 13.0 14.4 16.4 18.2 19.8 21.3 21.3 20.9 20.3 17.6 0.479 0.477 0.482 0.487 0.507 0.516 0.522 0.533 0.536 0.53d 0.531 0.521 1 | 1 1 j | I I | | | # 17.4 18.2 18.9 19.9 19.5 19.0 18.9 18.6 lb .9 17.8 16.8 17.6 0.502 0.505 0,516 0.526 0.547 0.555 0.560 0.568 0.572 0.567 0.557 0.552 1 1 | 1 1 | | I 1 | j | 15.7 | 16.1 t 16.9 I 15.1 | 15.1 | 15.1 | 15.6 1 15.7 | 15.8 | 16.7 | 17.8 I |********* 0.526 0.528 0.542 0.541 0.557 0.564 0.575 0.584 0.590 0.592 0.591 ********* | I I i | 1 | | | | | j DATA FOR THE SIXTH D I S T R I C T ARE FOR MEMBER BANKS AT WHICH AGRICULTURAL LOANS COMPRISE 15 PER CENT OR MORE OF TOTAL L O A N * . DATA FOR TEXAS AKE FOR A SAMPLE OF MEMbER BANKS AT WHICH AGRICULTURAL LOANS COMPRISE 2 5 PER CENT OR MORE OF TOTAL L O A N S . FOR BOTH D I S T R I C T S , LOANS ARE GROSS LOANS L E S S FEDERAL FUNDS SOLD AND S E C U R I T I E S PURCHASED UNDER AGREEMENTS TO R E S E L L . I Recent Federal Reserve Publications in Agricultural Finance "Farm Credit Conditions in the Fifth D i s t r i c t , Third Quarter 1978," by Sada L. Clarke, Federal Reserve Bank of Richmond, November 1978, 6 pp. "Capital Finance and Capital FTows Accounts: Discussion," by Emanuel Melichar, Proceedings of Workshop on Farm Sector Financial Accounts, April 14-15, 1977, Agricultural Economic Report 412, ESCS, U.S. Department of Agriculture, November 1978, pp. 72-78. "Analytical Ratios Based Upon a Farm Sector Cash Flow Statement: Discussion," by Emanuel Melichar, Proceedings of Workshop on Farm Sector Financial Accounts, April 14-15, 1977, Agricultural Economics Report 412, ESCS, U.S. Department of Agriculture, November 1978, pp. 116-119. "Agricultural Credit Demand and Sources of Loanable Funds for Commercial Banks," by Marvin R. Duncan (Federal Reserve Bank of Kansas City), National Agricultural Outlook Conference, November 15, 1978, 8 pp. "Southeastern Agriculture: Despair Gives Way to Optimism," by Gene D. Sullivan, Economic Review, Federal Reserve Bank of Atlanta, November/December 1978, pp. 118-125. Balance Sheets for U.S. Economy, Division of Research and S t a t i s t i c s , Board of Governors of the Federal Reserve System, November 15, 1978. (This document presents, for the f i r s t time, balance sheet data on a comparable basis for the farm business and other nongovernmental domestic sectors of the U.S. economy, annually for 1946-1977. Please address requests to Mr. Stephen P. Taylor, Chief, Flow-of-Funds Section, Federal Reserve Board, Washington, D. C. 20551.)
@FedFRASER