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AGRICULTURAL
FINANCE
DATABOOK
D ecem ber 1979

M on thly Series

Em anuel M elichar
M artha W aldheger

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.

2

AGRICULTURAL FINANCE DATABOOK— MONTHLY SERIES

DECEMBER 1979

SECTION

200

PAGE

FARM L E N D I N G

210

PRODUCTION

220

FEDERAL

230

LIF E

3 00

O P ER ATIONS

C R ED IT

OF

NON BANK

IN S TITU TIO N S

A S S O C I A T I O N S ............................... > .................................................................................... 3

B A N K S ................

LA N D

INSURANCE

AGRICULTURAL

AN ID E X P E R I E N C E

10

C O M P A N I E S * ^ ................................................................................................................................1 8

BANKING

D A T A . . . . . . ...................... . ............................................................................................. 2 3

APPENDIX

TABLE

1.

TERNS

APPENDIX

TABLE

2:

PERCENTAGE

OF

BAN*

APPENDIX

TABLE

3.

AVER AGE

LO AN S

OF

TO

FARMERS,

D IS TR IB U TIO N

IN TE R E S T

RATES

OF

ON

NOVEMBER,

FARM

1 9 7 9 ...............................2 8
L O A N S ............... 2 9

PRODUCTION

B USINESS

AND

FARM

tJORROwINGS. . . 3 0

Overview
Fresh results
lending to

from

farmers

the

loans av er ag ed

13.6 pe rc en t

Rate s at

banks

low.

large

Federal

indicate

that
in

av er ag ed

Re se rv e

qu ar te rl y

effe ct iv e

interest

early November,
16.2

percent,

up

survey
rates

from

e x ac tl y

of

on

terms

of

bank

farm

pr od uc ti on

11.3 p e rc en t

in August.

do uble

their 1977

cyclical

A t ot h e r banks e f fe ct iv e rates aver ag ed 13.1 percent, al so up su bs ta nt ia ll y

from their

1977

low

of

8.9

percent.

A v er ag e

rates

have

pr ob a b l y

not

changed

g r ea tl y since November.
Th e di sp e r s i o n
further last

of

fall,

interest rates

with

e f f e ct iv e rates ra ng in g
When a

spread

did as

r e ce nt ly

of

on

signif ic an t
from 10

individual

amounts

to 18 per cent

three p e r c en ta ge po in ts
as mid-1978,

one

could

interest ch ar ge s faced by farmers.

of

farm loans at banks wi de ne d
farm

lending

being

(see Ap pe nd ix Ta bl e

en co mp as se d

mo st

mo re m e a n i n g f u l l y

bank

done

at

2, pa ge 29).

loans,

wh ic h

ge ne r a l i z e about

it

bank

Now, ve ry large d i ff er en ce s have arisen among

individual farmers, banks, and areas.
As judged

from

the

re ce nt

vo lu me

of

inquiries,

it

appears

that

m a ny

farm

cr edit anal ys ts ha ve not taken the basic step of ge tt in g on the ma il in g list for
the q u ar te rl y

su rv ey

results.

Th e da ta

as Ap pe n d i x Ta bl e 1 on pa ge 28, wh ic h
receive this

table

w i th ou t

P u b l ic at io ns Services,
to be put

charge

Federal

on the m a il in g

list

being

released

this

we ek

is

re pr od uc ed

indicates w h at you have be en missing.
on

Re se rv e

a

regular

Board,

q u ar te rl y

Washington,

for St at is ti ca l Re lease E.2,

D.C.

basis,
205551,

To

write

to

and

ask

"S urvey of Te rm s

of

B a nk Lending."
A m on g othe r c u rr en t develo pm en ts ,

the mo st

striking

is the strength of loan

de ma nd being e x pe ri en ce d by the cooper at iv e Farm Cr ed it System.

Ou ts ta nd in g farm

loans at PC A' s increased in both O c to be r and N o v e m b e r — the first time in the last
tw o de ca de s that o u ts ta nd in g PC A loans did not d e cl in e in each of these two m onths.
At bo th P C A' s and Fe deral Land Banks, o u ts ta nd in g farm loans at the end of No ve m b e r
we re up 20 p e rc en t from a ye a r earlier.
Fa rm mo rt g a g e lending by life insurance co mp an ie s m a i n ta in ed its earlier pace
through October,
hit a new hi gh

and at the end of that mo n t h o u ts ta nd in g loan co mmitments again
of

lending acti vi ty




ov er $1 billion.
of

these

co mp an ie s

Cu rr en t reports

of

wi ll

re flected

likely

be

curt ai lm en t
in

in the farm
future

data.

A G R IC U L T U R A L

2 10

F IN A N C E

O A T A BOOK—

PRODUCTION C R E D I T

211

(A G R I C U L T U R A L

L OA NS.

1979

EXCEPT AS N OT ED )

A C T U A L ...........................................................
A
SEASONALLY A OU U S TE D ............................................................................................................................. 5

LOANS MADE AND NEW LOANS

2 1 2 .1
212.3

213

A S SO C IA TI O N S

DECEM BER

S E R IE S

LOANS O U T S T A ND IN G

211.1
2 1 1 .2

212

M O N TH LY

A C T U A L .................................................................................................................................................................6
12-MONTH MCtflNG T O T A L .......................................................................................................................... 7

RENEWALS AND C O L L E C T IO N S

213.1
2 13.3

SOURCE:

A C T U A L .................................................................................................................................................................8
12- MON TH MOVING T O T A L ..........................................................................................................................9

"PR OD U CT IO N C R E D IT A S S O C I A T I O N S — S E L E C T E D MONTHLY LOAN D A T A . "
SU PERVISORY D I V I S I O N . FARM C R E D IT A D M I N I S T R A T I O N .

DATA I N T H I S S E C T I O N ARE OB T A IN ED FROM T I M E L Y MONTHLY REPORTS WHICH ARE NOT
R E V IS E D T O R EF L EC T ANY SUBSEQUENT CHANGES OR C O R R E C T IO N S .
I F ONLY Y EA R -E N D
DATA ON O U T S TA ND IN G LOAN VOLUME ARE R E Q U IR E D . USE THE SER IE S IN S E C T I O N 100

DATA CN LOANS OU T S TA ND IN G ANO LOANS MADE 00 NOT IN CLU DE RURAL HOME LOANS.
F AR M -R EL A TE D BUS IN ES S LO A NS . OR A Q U A TI C L O A N S .
DATA ON C O L L E C T IO N S AND
RENEWALS DO INCLUD E TH ES E L O A N S ; HOWEVER. THESE TYPE S OF LOANS REPRESENTED
ONLY 1 . 9 PER CENT OF T O T A L O U T S T A ND IN G LOANS AT PCA»S AS OF DECEMBER 1 9 7 8 .
FOR A B R IE F D IS C U S S IO N OF THE A N A L Y T I C A L VALUE OF T HES E O A T A , SEE THE S E C T IO N
E N T I T L E D "L E N D IN G EX PE R IE NC E OF NONSANK I N S T I T U T I O N S " IN "OV ERA LL MEASURES OF
F I N A N C I A L PER FOR MA NC E," BY EMANUE*. M EL IC H A R . AGR IC U L TU R A L F I N A N C E - R E V I E W .
FEBRUARY 1 97 7 , P P . 9 2 - 9 5 .




3

4

PRODUCTION CREOIT ASSOCIATIONS
LOANS OUTSTANDING
(END OF MONTH)
1
1
1
1
1
1
1

1973-J A N ...|
-F E B ...I
-W A R ...!
—APR.*«1
-N A V ...I
—JU N .••|
-J U L ...I
- A U G . . .I
- S E P . . •|
-O C T .. *|
-N O V ...1
-D E C ...|
I
1 9 7 4 -J A N ...I
—F E B .•.1
—M A R ..•|
-A P P ...I
-M A Y ...I
- J U N . . .1
-J U L ...I
—AUG. •.1
- S E P . . •|
—O C T .. . |
-N O V ...1
-O E C ...I
1975—JA N .••|
- F E B . . .1
—M A R ..•|
—APR.. .1
-M A V ...I
—J U N . . .1
—J U L . . .1
-A U G ...|
—S E P ...|
—O C T . . .1
-NOV. . . 1
—D E C ...|
a
1976—JA N .•.1
-F E B . . . |
- N A R ...I
—A P R ...|
-M A Y ...I
-J U N ...I
—J U L .••|
—A U G ..•|
-S E P . . . |
- O C T . . •|
—N O V ..•(
- D E C . . .1
■
1977-J A N . . . |
—F E B ...|
—M A R ..•|
—A P R ...1
-M A V ...I
—J U N . . •|
—J U L . . .1
—A U G ...|
- S E P ...|
—O C T ...|
—N O V ..•1
-D E C .••|
j
1978—JA N .••|
-F E B ...I
—M A R ...1
—A P R ...1
—M A Y ...1
- J U N . . •1
-J U L ...I
-A U G .•.|
-S E P ...I
-O C T . . . 1
—N O V ..•1
- D E C . . •1
*
1979-J A N .••|
-F E B ...I
-M A R ...I
—A P R ..•|
—M A Y ... (
—JU N .•.1
- J U L . ••|
—AUG. •.1
—S E P .••|
-O C T .. .|
—N O V ..•|




AMOUNT
MILLIONS OF DOLLARS

1
1

END
OF
MONTH

1 CHANGE FROM PREVIOUS1
|
1
MONTH i
YEAR
)
|

6598.5
6748.5
6963.6
7158.9
7300.8
7497.7
7482.0
7578.4
7682.6
7636.5
7583.3
7853.1

1
1
|
|
|
|
|
|
1
1
1
|

-3 6 .5
150.0
215.1
195.3
141.8
196.9
-1 5 .7
9 6 .4
104.2
-4 6 .1
-5 3 .2
269.8

1
I
|
|
|
|
|
|
|
1
1
|

450.3
491.4
530.4
602.5
613.4
665.8
738.9
899.6
1048.2
1087.9
1069.3
1218.1

|
|
|
t
|
|
|
|
1
1
1
|

7794.9
7951.6
8205.5
8505.1
8831.0
9090.8
9280.4
9370.6
9431.7
9329.8
9243.8
9501.8

|
1
|
1
1
1
|
|
|
|
1
1

-5 8 .2
156.8
253.9
299.6
325.8
259.8
189.6
90 .2
61 .1
-1 0 1 .9
- 8 6 .1
258.0

1
1
|
|
|
1
|
1

1196.3
1203.1
1241.9
1346.2
1530.2
1593.1
1798.4
1792.2
1749.1
1693.4
1660.5
1648.7

|
1
|
1
1
|
I
I
|
|
|
|

9546.6 |
9743.6 1

44 .8
197.0
267.4
219.0
241.5
231.3
109.9
-4 .1
-7 1 .5
-1 6 6 .6
-1 1 8 .5
289.5

1 0 0 1 1 .0

1

10230.0 1
10471.5 1
10702.8 1
10812.7 |
10808.7 |
10737.1 |
1057C.5 |
1 0 4 5 2 .1 ;J
10741.5 |
1

10711.1
10823.2
11117.2
11420.9
11706.7
12005.6
12190.8
12319.4
12321.4
12170.4
11980.8
12196.4
12140.2
12272.9
12583.0
12929.3
13332.9
13748.9
14038.0
14132.5
14069.3
13788.7
13471.3
13454.3
13233.3
13273.6
13426.8
13629.8
13909.1
14312.1
14651.5
14846.1
14954.7
14743.5
14601.1
14901.5
14884.1
14991.0
15381.2
15807.4
16214.1
16688.3
17015.3
17241.6
17452.2
17490.8
17520.4

1
1
|
|
|
|
1
|
|
|
1
)
■
|
|
|
1
1
1
|
1
|
|
1
1
|
1
1
1
|
1
1
1
1
1
|
|
|
j
|
1
1
|
|
1
1
1
1
|
|

1

|
|
|
1
|
|
|
|
|
|
|
|
1

|
1
•
-3 0 .4 |
1 1 2 .0

1

294.0
303.7
285.8
298.9
185.1
128.6

|
|
|
|
1

2 .0

1
1

-1 5 1 .0 |
-1 8 9 .6 !
215.6 1
1

-5 6 .1
132.7
310.1
346.3
4 0 3.6
416.0
289.1
94 .5
-6 3 .2
-2 8 0 .5
-3 1 7 .4
-1 7 .0

1
|
1
|
|
1
|
|
1

|
|
|
j
|
|
|
|
|
|
|
|
|

-2 2 0 .9
40 .3
153.2
203.0
279.3
40 3.0
33 9.4
194.5
108.6
- 2 1 1 .2 1
-1 4 2 .4 |
300.4 |
■
-1 7 .3 |
106.8 |
390.2 |
426.2 |
406.7 |
474.2 |
327.0 |
226.3 |
2 1 0 .6 |
38 .6 |
29 .6 )

1751.8
1792.0
1805.5
1724.9
1640.6
1612.0
1532.3
1438.1
1305.4
1240.7
1208.3
1239.7

BORROWERS
1
i
i
(PERCENTAGE!
1
1 THOUSANDS! CHANGE 1
FROM
|
1
PREVIOUS 1
1
YEAR
|
1

1

1

PERCENTAGE CHANGE
FROM PREVIOUS
MONTH

YEAR

1

- 0 .6 |
2.3 1
3 .2 1
2 .8 |
2 .0

1

2.7 |
- 0 .2
1.3
1*4
- 0 .6
-0 .7
3 .6

1

1
|
|
|
|
1

-0 .7

|

2 .0

1

3.2
3 .7
3 .8
2 .9

1
|
)
|

2 .1
1 .0

1

)
0.7 |

- 1 .1
-0 .9

1

|
|
■
0.5 |
2 .1 |
2 .7 |
2 .8

1

1
1
|
|
|
|
1
1
|
|
|
1
■
1164.5 1
1079.6 |
1106.2 1
1190.9 |
1235.2 1
1302.8 1
1378.1 1
1510.7 |
1584.2 |
1599.8 1
1528.7 |
1454.8 |
|
1429.1 |
1449.7 |
1465.8 |
1908.5 |
1626.2 |
1743.3 |
1847.2 |
1813.1 1
1747.9 |
1618.4 |
1490.5 1
1257.9 |
■
1093.1 1
1000.7 |
843.8 1
700.5 |
576.2 |
563.2 1
613.5 1
713.6 |
885.4 |
954.8 1
1129.8 1
1447.2 1
•
1650.8 |
1717.4 |
1954.4 |
2177.6 |
2305.0 |
2376.2 1
2363.8 |
2395.5 |
2497.5 1
2747.3 1
2919.3 |

|

2 .2

1

2 .4 |
2 .2
1 .0
0 .0

-0 .7
- 1 .6
- 1 .1

2 .8

-0 .3
1 .0

2 .7
2 .7
2 .5
2 .6

1.5
-

1 .1
0 .0
1 .2
1 .6
1 .8

1
1
1

|
|
|
|
|
1
|
|
|
|
|
|
1

|
1

l
1

-0 .5

■
|

1 .1

1

2 .5 1
2 .8 |
3.1 1
3.1 |
2 .1

1

0 .7
-0 .4
- 2 .0
-2 .3
- 0 .1

|
|
|
1
|
1

- 1 .6 1
0.3 1

7 .3 1
7 .9 |
8 .2

1

9 .2 |
9.2 I
9 .7 |
1 1 .0 |
13.5 |
15.8 |
16.6 |
16.4 |
18.4 |
1

18.1
17.8
17.8
18.8
2 1 .0
2 1 .2

24 .0
23 .6
2 2 .8
2 2 .2

21.9
2 1 .0

22.5
22.5
2 2 .0

20.3
18.6
17.7
16.5
15.3
13.8
13.3
13.1
13.0

1

|
1
|
t
|
|
1
|
!
|
|
j
|
!
|
|
|
»
1
)
1
1
|
t
j

1 2 .2
1 1 .1
1 1 .0
1 1 .6
1 1 .8
1 2 .2

1
1
1
1

12.7
14.0
14.8
15.1
14.6
13.5

|
1
|
|
1
1

|
1

1

13.3
13.4
13.2
13.2
13.9
14.5
15.2
14.7
14.2
13.3
12.4
10.3

1
|
1
1
|
1
1
|
1
|
|
|
■
9 .0 |
8 .2

1

6 .7
5 .4
4 .3
4 .1
4 .4
5 .0
6 .3
6 .9
8 .4

|
|
|
|
|
|
|
|
|

1

1 0 .8

1

- 0 .1 1
0 .7 |
2 .6 |
2 .8 |
2 .6 |
2 .9 |
2 .0 |
1.3 |

12.5
12.9
14.6
16.0
16.6
16.6
16.1
16.1
16.7
18.6

|
|
|

1 .2

1

1 .5 |
|
|
|
1
|
|
|

2 .0

2 .9
2 .4
1.3
0 .7
-1 .4
- 1 .0
2 .1

1 .2
0 .2
0 .2

j

1
1
1

2 0 .0

1

|
|
1

|
1
1
1

307.9
310.8
314.7
317.3
319.4
321.2
321.6
320.8
319.9
316.8
308.1
311.9
310.6
314.0
318.9
323.3
326.7
329.3
330.5
330.7
330.6
327.8
325.1
323.8
330.5
330.9
333.6
334.7
337.2
338.5
338.8
338.2
336.6
333.1
329.8
328.7
328.1
330.4
334.3
337.7
340.2
342.0
342.9
342.9
341.9
339.6
336.6
335.6
335.3
337.4
341.7
345.5
348.4
350.4
351.3
351.2
350.6
347.9
344.9
342.8

1 .1
1 .0

1

|
0 .9 |
0 .7 |
0 .6 |
0 .4 |
0 .6 |
0 .7 |
1 .2

1

1.4 |
- 0 .6 |
1 .0 |
i
0 .9 |
1 .0 |
1.3 1
1.9 |
2 .3 (
2 .5 |
2 .8 |
3.1 I
3 .3 |
3.5 1
5.5 !
3.8 |
*
1
6 .4 |
5.4 |
4 .6 |
3.5 1
3.2 1
2 .8

1

2.5 |
2.3 |
1 .8 |
1 .6 |
1.5 1
1.5 !
■
-0 .7 |
- 0 .2 1
0 .2 !
0 .9 |
0 .9 |
1 .0 |
1 .2 |
1 .4 |
1 .6 |
1.9 |
2 .1 I
2 .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

■
|
|
|
I
|
I
|
|
1
|
1
|

341.2
341.7
343.7
346.2
348.0
349.3
350.5
351.3
350.8
348.8
346.3
353.4

I
1.3 |
0 .6 |
0 .2 !
- 0 .1 |
-0 .3 |
- 0 .2 1

345.8
346.9
350.0
353.2
356.4
358.5
359.3
358.0
360.0
358.8
357.3

1.4 |
1.5 1

1 .8

0 .0
0 .1

1

|
0 .3 |
0 .4 |
3.1 |

1 .8
2 .0

1

2 .6

1

|
2 .4 1

2 .5 |
1.9 |
2 .6 |
2 .9 |
3 .2 |

AVERAGE SIZE
(PERCENTAGE!
DOLLARS I CHANGE
FROM
1
I PREVIOUS
YEAR
1
21433.
21715.
22127.
22564.
22856.
23340.
23266.
23423.
24014.
24108.
24615.
25180.
25095.
25323.
25731.
26306.
27030.
27605.
28080.
28331.
28531.
28459.
28433.
29344.

!
|
|
|
|
|
|
|
|
(
1
(
j
1
1
1
!
|
I
|
1

!
(
1
(
j
28889. |
29445. 1
30010. 1
30568. 1
31053. |
31618. |
31913. 1
31955. I
31902. |
31733. 1
31688. |
32682. |
■
32646. |
32761. |
33250. 1
33815. 1
34415. |
35104. |
35552. |
35926. |
36036. |
35837. I
35591. I
36338. |
j
36207. |
36373. 1
36828. |
37424. |
38266. |
39233. 1
39961. |
40237. |
40130. |
39637. 1
39064. |
39253. |

38788.
38850.
39067.
39346.
39971.
40971.
41806.
42261.
42625.
42274.
42164.
42162.

|
1
|
|
|
|
|
|
)
|
|
|

43045.
43218.
43945.
44754.
45494.
44544.
47358.
48166.
48482.
48749.
49032.

I
1
|
|
|
|
I
1
1
|
!

6 .1

6 .7
7 .3
8 .4
8 .6

9 .3
10.3
1 2 .6

14.5
15 .0
17.1
17.1
17.1
16 .6
16 .3
16.6
18.3
18.3
20 .7
19.9
18.8
18.0
15.5
16.5
15.1
16.3
16.6
16.2
14.9
14.5
13 .6
1 2 .8
1 1 .8

11.5
11.4
11 .4
13 .0
11.3
1 0 .8
1 0 .6
1 0 .8
1 1 .0

11 .4
12.4
13.0
12.9
12.3
1 1 .2

10.9
1 1 .0
1 0 .8

10.7
1 1 .2
1 1 .8

12.4
1 2 .0

11.4
10.4
9 .8
8 .0

7.1
6 .8
6 .1

5 .2
4 .5
4 .4
4 .6
5 .0
6 .2

6 .7
7 .9
7 .4
1 1 .0
1 1 .2

12.5
13.7
13.8
13.6
13.3
14.0
13.7
15.3
16.3

TABLE 211.2

S

PRODUCT ION CREDIT ASSOCIATIONS
LOANS OUTSTANDING
SEASONALLY ADJUSTED DATA
IENO OF MONTH)
AMOUNT

1
1
1
1
1
1
1
1

1973-J A N ... |
-F E B ...)
-M A R ...)
—APR.. . |
• -N A Y ...|
-J U N ...I
-J U L ...I
-A U G ...|
-S E P ... I
- O C T . . .1
-N O V ..•1
-D E C . . .1
j
1974-J AN. ..1
-F E B ...)
-M A R ...)
-A P R ..* |
-H A Y ...I
—JU N .• . |
-J U L ...)
—AUG.•.1
-S E P ...)
—O C T ...1
-N O V ..•(
-D E C ...)
|
1975-J A N ...1
-F E B ...I
-N A R ... )
-A P R ..• |
-N A Y . . . I
—J U N ...|
-J U L ...)
- A U G ...I
—S E P ...1
-O C T ...)
-N O V ...]
-O E C . . . I
1

1 9 7 4 -J A N ...I
-F E B ...I
- N A R ...I
—APR.•.1
-N A Y ...)
-J U N .. •)
—J U L .••|
—A U G ..•)
—S E P ..«|
-O C T ...)
-N O V ...1
-D E C ...I
|
1977—JA N .•.1
—F E B . . .1
—NAR...1
- A P R ...1
-N A V ...I
- J U N . . •)
—J U L . . .1
—A U G ...1
-S E P ...I
—O C T ...|
—N O V ...1
-O E C ...I
1

197B—JAN. ••I
—F E B . . . I
—M A R ...1
—APR.. . 1
-M A Y ...I
-J U N — •1
—J U L ...|
—A U G ...1
-S E P ...I
—OCT. . . |
—N O V ..•|
—D E C ...1
|
1979—J A N .•.|
—F E B . . . I
—N A R ...|
-A P R ...1
-N A V ...I
—JU N .. .1
-J U L ...)
—AUG...1
-S E P ...)
- O C T . . •)
-N O V ...1

2

MILLIONS OF DOLLARS
ENO
OF
MONTH

)
)
) CHANGE FROM PREVIOUS)
|
|
MONTH )
YEAR
)

6820.0
6912.2
7002.0
7069.5
7132.3
7220.7
7251.0
7406.3
7606.4
7729.5
7849.2
8033.3

|
1
|
|
(
|
|
|
)
|
|
|

8049.1
8157.6
8278.2
8455.9
8659.4
8765.3
8990.1
9138.6
9299.1
9409.9
9538.3
9696.6

|
)
(
)
)
)
|
)
|
|
)
|

15.8
108.5
128.6
177.7
203.5
125.9
204.8
148.5
160.5

9851.0
10019.6
10138.2
10214.3
10304.1
10375.8
10460.4
10508.2
10548.2
10630.3
10760.6
10951.0

2

)
1.4 |
1.3 1
1.2 )
0.6 )
1*2 (
0 ,4 )
2.1 1
2*7 )
1.6 {
1*5 )
23 )

)
|
i
|
i
|
I
(
{
110.8 )
128.4 |
158.3 1

1229.1
1245.3
12T6.2
1366.4
1527.1
1564.7
1739.1
1732.3
1692.7
1680.4
1689.1
1663.3

|
|
)
|
)
)
1
1
)
|
|
)

0.2 )

1.3 1
1.5 t
2.1 )
2 .4 S
i.5 i
2 ,3 1
1.7 1
1.8 |
1.2 )
1.4 |
1.7 )

1
1
1
|
)
|
)
1
|
|
1
|

154.4
168.6
118.6
76.1
89.8
71.7
84.6
47.8
40 .0
82.1
130.3
190.4

|
)
|
|
|
|
|
)
)
|
|
|

1801.9
1862.0
1860.0
1758.4
1644.7
1590.5
1470.3
1369.6
1249.1
1220.4
1222.3
1254.4

|
|
|
|
|
|
|
|
|
|
|
|

1.6 )
1.7 1
1.2 )
0.8 |
0.9 |
0.7 |
0.8 |
0.5 1
0.4 |
0.8 1
1.2 1
1.8 |

|
|
)
|
)
|
1
|
)
12 20 1. 6 |
12299.8 |
12415.3 |

9 6 .0
103.4
140.1
152.2
111.5

1196.0
1130.9
1152.3
1228.4
1250.1
1289.1
1314.8
1428.2
1517.1
1571.2
1539.2
1464.4

0.9
0.9
1.3
1.3

110.3
161.1
129.0
136.2
9 8 .3
115.5

|
)
1
|
|
|
|
|
|
|
|
)

-0 .9

92.3
89.7
87.5
42.8
88.3
30.4
155.3
200.1

123.1
119.7
184.1

|
|
(
|
|
1
|
1
)
|
)

455.8
509.6
547.9
617.6
619.6
664.2
727.1
877.3
1012.7
1077.4
1082.3

MONTH

1
|
|
|
|
|
|
1
|
|
|
1222.2 1

11047.0
11150.5
11290.5
11442.7
11554.2
11665.0
11775.2
11936.4
12065.3

8.8 1

PERCENTAGE CHANGE
FROM PREVIOUS

0.1

1

1

6 .3
5.4
4 .7
3 .6
3.3
2.9

|
]
|
|
1
|
|
1
|
1
|
|

29187.
29900.
30325.
30711.
30910.
31128.
31363.
31485.
31615.
31836.
32074.
32773.

22.5 |
20.8 |
19.0 |
18.1 1
16.4 |
15.0 (
13.4 |
13.0 )
12.8 1
12.9 |

2.6

2.3
1.8

1.5
1.4
1.4

353.0
351.5
351.5
351.6
353.1
353.9
354.1
353.1
356.6
356.6
362.7

1.3 |
1.5 1
1*9 |
2.0 |
2 .4 |
2 .7 )
2*5 |
1.9 |
2. 6 |
2 .9 |
3 .2 |

43549.
44130.
44437.
45239.
45520.
45926*
46352.
47137.
47790.
48752*
49526.

-0 . 2 |
0 .4 |
-0 .3 1
0.2 )
0.5 |
1.1 1
1.4 |
1.4 |
1.9 )
1.0 1
1.5 )
1.4 |

15374.3
15511.7
15669.8
15914.1
16071.6
16251.2
16413.3
16645.5
17044.4
17492.6
17961.2

|
|
|
|
|
)
|
|
|
)
|

201.7
137.4
178.0
224.4
157.5
, 179.6
162.1
232.1
399.0
448.2
468.6

|
|
|
|
|
|
1
|
|
|
|

1707.7 )
1784.7 |

1.3 1
0 .9 |
1.1 1
1.4 |
1.0 |
1.1 1
1.0 |
1.6 |
2 .4 |
2. 6 1
2 .7 |




337.5
335.1
334.3
332.6
333.4
333.3
333.5
333.7
333.6
333.9
335.5
334.1

1

22,4 |

22.8 1

12.5
13.0
14.6
16.0
16.6
16.6
16.1
16.1
16.7
18.6

203.6
270.8
139.3
220.7
203.1

)
|
)
|
|
)'
)
1
|
)
|
|

|
|
|
|
|
)
|
|

25353.
25646.
25917.
26341.
26836.
27130.
27660.
28013.
28377.
28609.
28821.
29422.

39234.
39651.
3966T.
39777•
39976.
40422.
40927.
41376.
42032.
42287.
42595.
42331.

1133.5
1049.1
874.1
720.1
566.7
555.6
568.1
677.8
857.0
946.0
1156.4
1481.3

2200.4
2293.0
2317.9
2276.2
2306.7
2434.9
2743.6
2991.7

C.$ 3
1.9 )
1.4 i
2.0 f
2 .4 |
2 .7 )
2 .9 )
3.2 |
3.3 1
3.4 |
5.4 |
3.6 I

1 .7 |
1.3 )
0*6 1
0 .3 |
-0 .1 |
-0 .3 |
-0 .2 |
0.0 |
0.1 |
0 .3 )
0 .4 )
3*1 1

)
|
|
1
|
|
|
)
|
|
|
)

2001.0 1

317.5
318.1
319.4
321.0
322.7
323.8
325.0
326.2
327.7
328.9
331.0
329.6

348.3
346.2
345.1
344.8
344.7
344.7
345.4
346.5
347.6
348.8
351.4
358.4

-2 4 .8
6 0 .4
-3 8 .2
25.0
64.8
154.8
201.8

)
I
1
!
!
)
S
)
)
|
)
|

9 .0 i
8 .3 |
6.8 |
5.5 |
4 .4 |
4.2 |
4.3 (
5 .0 1
6.2 1
6 .9 )
8 .4 |
10.8 |

|
|
|
)
|
1
|
)
)
)
)
)

0.1

18.0
18.0
18.2
19.3
21 .4
21.7
24 .0
23.4
22 .3
21.7
21.5
20.7

11.1

}
1
|
1
)
1
)
)
1

13666.6
13727.0
13668.6
13713.B
13776.6
13933.3
14135.1
14336.7
14609.5
14746.8
14969.5
15172.6

0.7
0.4

21655.
21943.
22220.
22525.
22634.
22693.
22955.
23420.
23977.
24291.
25002.
25259.

36607.
37089.
37366.
37764.
38237.
38697.
39140*
39431.
39599.
39668.
39475.
39395.

1

0.9 |
1.2 1
1.1 1

0.8

1.0 |
1.0 )
0 .9 (
0.8 1
O’*7 i
0.6 )
0.8 )
0.8 )
Ju l )
1.3 1
-0 .7 5
0.8 )

2 .3 )
2.2 |
2 .3 |
2 .4 |
2.5 |
2. 6 |
2 .5 |
2 .4 |
2 .5 1
2 .4 |
2 .4 |
2.1 1

1486.0
1527.5
1524.2
1551.0
1637.7
1712.6
1771.7
1724.6
1687.2
1599.3
1513.3
1276.0

1.4
1.5
1.4
1.3

314.9
315.0
315. i
314.7
315.1
315.4
315.9
316.2
317.2
318.2
313.9
318.0

342.4
341.6
342.9
343.9
345.0
345.7
346.1
346.4
347.3
347.9
349.9
347.5

|
|
)
1
1
|
|
)
)
|
1
|

0 .9

13.4
15.4
16.2
16.0
17.9

1
!
|
1
)
(
1
)
]
|

7.2 1
8,0 i

6.5
9.5
9.5
1 G.1

32996.
33346.
33683.
34072.
34332.
34604.
34866.
35265.
35619.
35902.
35964.
36456.

117.7
144.9
136.7
179.0
198.2
185.7
169.4
114.0
9 1 .6
48.3
12.3
-1 2 1 .7

1.1
1.1
0.8

(PERCENTAGE!
OOLLa RS | CHANGE
FRON
1
) PREVIOUS
YEAR
1

-0 .8 |
-0 .2 |
0 .3 (
1.0 |
1.0 |
1.1 1
1.3 1
1.4 |
1.5 |
1.8 |
1.9 |
1.9 |

*|
|
|
|
|
)
|
|
1
|
|
|

0 .9
1.4

AVERAGE SIZE

334.8
334.4
335.2
335.8
336.5
337.1
337.7
338.3
338.7
339.9
341.8
340.6

12533.1
12677.9
12814.7
12993.7
13191.9
13377.6
13547.0
13660.9
13752.5
13800.8
13813.1
13691.4

110.8

J

1
11.3 1
11.4 |
12.0 1
12.1 1
12.4 |
12.6 |
13.6 1
14.4 )
14.8 i
14.3 )
13.4 )
l
13.5 |
13.7 1
13.5 |
13.6 |
14.2 |
14.7 |
15.0 1
14.4 |
14.0 |
13.1 |
12.3 1
• 10.3 1

|
|
1
1
)
1
|
|
1
1
1
|

)
|
1
|
|
|
1
1
)
1
|
|
■
|
|
|
|
|
|
)
|
|
|
1
)

1.0
1.0

YEAR

BORROWERS

1PERCENTAGE!
1
I THOU7ANOS t CHANGE )
FROM
)
)
)
PREVIOUS 1
YEAR
|
)

1

12.1

1
|
|
)
1
|
1
|
|
|
2 0 .0 |

)
|
)
g
)
8
|
g
|
)
|
)
•
1
|
)
(
|
]
1
|
]
|
)
|
■
|
|
f
|
1
|
|
1
|
|
|
|
•
|
|
1
|
|
)
|
|
|
(
1
|
|
|
|
1
|
|
|
|
|
|
1
1
1
I
(
|
|
|
)
1
)
)
1
|
1
|
|
|
|
|
i
|
|
1
|
1
1
1

6.1

6 .9
?« 5
8 .7
6.6

9 .5
10,3
12,5
14*1
14*7
16.8
17.0
17*1
16,9
16.6
16.9
18*6
18.5
20® 5
19.6
18.3
17.8
15.3
16.5
15.1
16.6
17.0
16.6
15.2
14.7
13.4
12.4
11.4
11.3
11.3
11.4
13.0
11.5
11.1

10*9
11.1
11.2
11.2
12.1

12.7
12.8
12.2
11*2

10.9
11.2

10.9
10.9
11.4
11.8

12.3
11*6
11.2

10.5
9 .7
6.1

7.2
6 .9
6.2

5 .3
4 .5
4 .5
4 .6
4 .9
6.1
6. 6

7 .9
7 .5
11.0

11.3
12.5
13.7
13.9
13 .6
13.3
13.9
13*7
15.3
16*3

6
PRODUCTION CREOIT ASSOCIATIONS
LOANS NAOE ANO NEW LOANS

1
1
1 MILLIONS (
1
OF
|
1 DOLLARS |
1
1

loans

MONTH

|

YEAR

1973-JAM...!
-FEB...8
—N AR *. •|
-APR. ...|
—NAY.••|
-JUN.«•|
-JUL...I
-AUG...{
-SEP...I
-OCT...!
-NOV...!
-DEC...1
1
1976—JAN.••t
-FEB...I
-MAR...!
-APR...I
-NAY...1
-JUN...I
-JUL...I
-AUG...!
-SEP...I
-OCT...8
-NOV...!
-DEC...8
8
I975-JAN.••|
-FEB...!
—MAR.•.|
—APR...!
-MAY...|
-JUN...1
-JUL...I
— AUG.a «!
—SEP.• • |
-OCT...J
-NOV..•|
-DEC...!

1222.7
1113.1
1239.2
1022.3
969.1
937.6
896»0
995.7
863.1
1115.0
1206.1
1656.7

i
)
!
|
)
!
|
1
1
|
|
i

9.8
-9.0
11.3
-17.5
-5.7
-2.7
-6.6
11.0
-13.3
29.2
8.0
20.8

!
1
1
!
!
(
|
|
|
1
|
|

20.2
17.3
16.6
21.3
16.1
15.6
35.7
66.5
26.7
20.0
31.7
30.6

1693.7
1232.3
1338.5
1296.1
1152.5
955.5
1052.5
980.3
932.6
1128.6
1131.5
1667.2

|
!
|
|
)
1
!
!
|
|
|
I

2.7
-17.5
8.6
-3.3
-10.9
-17.1
10.1
-6.9
-6.9
21.0
0.3
67.3

1579.8
1612.5
1657.3
1669.3
1257.6
1207.6
1136.3
980.8
1063.6
1235.3
1195.6
2021.3

1
|
!
i
8
!
!
j
|
!
I
(

-5.2
-10.6
3.2
-0.6
-13.2
-6.0
-5.9
-13.7
8.6
16.1
-3.2
69.1

i
!
|
|
I
!
8
1
|
|
i
!
1
!
i
1
|
|
|
I
I
I
!
|
|

1976—JAN.••(
-FEB...!
-MAR...!
-APR...!
-NAY...!
— JUN...|
-JUL...1
-AUG...!
-SEP.••1
-OCT.••|
-NOV..•|
-DEC..•I
■
1977—JAN.••I
-FEB...I
-MAR...!
—APR...|
-NAY...I
-JUN...!
-JUL...!
-AUG...I
-SEP...I
—OCT. • • |
-NOV...I
-DEC...1
|
1978—JAN.•• |
-FEB...!
—MAR.••|
-APR...|
-MAY...!
—JUN..•|
—JUL.••(
-AUG...I
-SEP.•.|
—OCT...|
-NOV...{
-DEC...!
|
1979—JAN.••|
-FEB...|
-MAR...!
-APR...!
-MAY...*
-JUN...!
—JUL...|
—AUG.•.1
-SEP...1
-OCT...!
-NOV.••|

1796.0
1596.0
1932.3
1716.3
1612.6
1638.6
1177.3
1178.1
1160.5
1210.5
1607.8
2166.9

(
I
1
|
!
)
(
i
I
|
1
|
j
|
|
|
1
1
1
I
1
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!
|
!
|
|
!
|
|
!
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f
(
|
1
|
(
|
|
|
1
!
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1
(
|
1
1
|

-11.2
-11.2
21.2
-11.3
-17.6
1.9
-18.2
0.1
-0.8
3.6
22.9
66.3

1973.7
1030.1
2196.2
1076.2
1652.2
1616.8
1292.0
1201.2
1286.6
1325.8
1565.6
2179.1
2056.0
1911.6
2616.1
2027.6
1909.6
1788.1
1566.2
1592.9
1576.7
1803.0
1967.1
2608.3
2696.7
2350.6
2889.9
2621.3
2352.6
2160.0
1962.3
1910.3
1879.6
2661.2
2516.6

AS PERCENTAGE OF
1
I
ILOANS OUT-! COLL ECTIONS
| STANDING*I
18.6
16.9
18.6
16.7
13.5
12.8
12.0
13.3
11.6
16.5
15.8
19.2

22.2
10.7
8.0
26.6
19.5
1.9
17.6
-1.6
8.0
1.2
-6.0
16.6

t
1
|
|
1
|
|
1
|
!
|
1
•
I
|
1
!
1
|
I
|
|
|
|
1

19.0
15.8
16.8
15.8
13.6
10.0
11.6
10.6
10.0
12.0
12.1
18.0

5.8
16.6
8.9
12.0
9.1
26.6
8.0
0.1
16.1
9.5
5.6
21.2

(
I
|
1
|
]
!
!
|
!
1
|

16.6
16.8
15.0
16.5
12.3
11.5
10.6
9.1
9.8
11.5
11.3
19.3

13.6
12.8
32.6
19.3
12.3
19.1
3.6
20.1
9.9
-2.0
26.5
6.2

3.6
-12.0
22.9
-9.3
-10.3
-8.7
-8.6
-2.7
-1.6
29.9
3.1

!
!
1
(
I
|
1
!
|
|
1

31.3
23.0
19.7
29.3
23.2
20.1
27.1
19.9
19.2
35.3
27.9

|
!
|
1
|
1
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1
|
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1
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1
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|
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1
|
1
|
|
1
1
|

16.7
16.9
17.9
15.6
12.6
12.3
9.8
9.7
9.5
9.8
12.2
17.9

-5.7
-6.9
26.3
-16.0
-5.8
-6.6
-13.6
3.2
-1.0
16.6
9.1
32.6

|
!
|
1
|
|
1
|
!
|
|
1
•
1
|
|
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1
1
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-0.1
-7.3
20.0
-16.7
-11.8
-2.3
-20.0
-0.8
0.2
3.2
16.6
61.0

t

10.0
16.8
13.7
9.3
17.0
12.3
9.7
8.8
9.9
9.5
3.9
1.5
6.1
6.5
9.9
0.2
15.6
10.7
19.5
26.3
22.8
36.0
27.3
19.7

NEW LOANS

1

made

PERCENTAGE CHANGE
FROM PREVIOUS

16.2
15.1
17.9
16.9
12.8
12.1
9.6
9.1
9.1
9.6
11.2
16.2
15.3
16.6
18.2
15.1
L6.0
12.9
10.8
10.9
10.6
12.1
13.3
17.9
18.1
15.8
19.3
17.0
16.9
13.2
11.0
11.2
10.9
16.0
16.6

(
I
|
|
|
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!
|
1
!
1
|
j
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|
1
1
1
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1
1
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1
)
i
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1
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|
1
1
!
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f
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(
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!
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|
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1
|
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1
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1
|
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1
1
•
|
|
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|
|
|
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|
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1
1
I
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1
|
|
|
|
)
|
|
|
1
|

160.0
216.8
216.9
215.5
169.5
177.5
126.5
169.6
153.1
123.3
130.3
207.6
169.8
205.6
220.9
218.0
218.0
201.1
173.1
153.6
165.5
122.2
136.6
203.0
176.9
236.2
256.6
206.9
197.0
176.0
150.2
132.8
120.3
116.7
127.0
198.6
169.0
205.6
221.8
206.3
193.3
173.6
162.0
153.0
131.0
116.8
122.7
189.0
167.9
209.0
218.7
216.7
206.3
198.5
181.5
166.9
125.5
103.5
112.6
160.6
166.5
190.9
190.8
107.5
176.0
176.6
176.8
151.1
130.7
110.2
123.6
179.8
150.6
183.3
190.6
191.6
172.5
167.2
155.5
160.8
163.0
127.7
136.7

I MILLIONS !
OF
1
*
1 DOLLARS 1
1
1
|
t
|
!
1
(
|
|
|
1
1
|
j
|
|
1
|
1
!
1
|
1
I
!
|
j
!
1
|
|
|
|
|
|
I
|
|
|
*
1
|
1
|
!
|
I
|
(
1
|
|
1
|
I
1
|
1
1
(
(
1
1
1
1
|
1
(
1
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|
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1
|
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|
1
|
j
|
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|
(
1
I
1
(
*
|

727.6
669.7
709.1
671.9
711.0
726.5
696.5
762.8
660.7
058.2
871.1
972.1
939.7
756.3
859.0
892.6
859.5
737.1
801.0
760.7
703.7
822.2
759.0
1000.9
935.0
800.0
839.0
923.9
077.6
926.7
857.1
735.9
810.1
911.5
817.5
1316.1
1030.5
887.3
1170.0
1139.1
1021.3
1129.6
911.9
096.1
095.6
906.2
1025.0
1358.7
1122.1
1007.5
1309.9
1211.3
1203.5
1227.3
1000.6
979.2
961.0
998.9
1052.6
1365.0
1176.5
1060.3
1667.3
1285.2
1376.3
1600.7
1217.5
1263.2
1230.2
1619.6
1639.1
1765.7
1679.0
1378.5
1838.0
1783.2
1759.7
1768.6
1573.5
1696.6
1508.1
1937.1
1888.3

1
|
!
I
1
|
1
I
|
1
|
1
i
!
1
|
!
I
|
!
|
!
|
1
|
j
|
|
|
|
|
|
1
!
|
1
|
|
|
1
|
|
|
1
|
|
1
1
!
|
|
1
|
|
|
1
1
|
1
|
1
|
(
1
|
1
|
|
!
|
|
1
|
|
1
|
|
1
1
|
)
1
1
|
1
1
(
1
|

PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
2.0
-8.0
17.0
-16.9
5.0
2.2
-6.6
9.0
-12.3
20.3
1.5
11.6

I

-12.5
-11.6
39.1
-11.2
6.9
2.5
-13.6
2.1
-0.6
16.6
1.6
21.3

|
1
|
|
|
1
|
i
1
|
(
I
i
|
1
|
1
|
1
!
|
1
)
(
|
j
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1
!
|
|
|
!
j
»
|
|
|
|
I
|
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|
1
f
|
|
|
|
|
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|
I
|
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1
|
(
|
■
|
|
1
|
|
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!
1
f
}
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-3.8
-17.9
33.3
-3.0
-1.3
-0.6
-10.0
-6.9
0.8
28.6
-2.5

f
|
|
|
!
|
|
|
!
|
I

-3.3
-19.5
13.7
3.0
-3.7
-16.2
8.8
-5.1
-7.5
16.9
-7.7
63.5
-16.1
-16.6
6.9
10.1
-5.0
5.6
-7.5
-16.1
10.1
12.5
-10.3
60.0
-21.6
-13.9
31.9
-2.6
-10.3
10.6
-19.3
-1.7
-0.1
1.0
13.6
32.6
-17.6
-10.2
30.0
-7.5
-0.6
2.0
-10.5
-2.1
-1.0
3.9
5.6
27.8

YEAR

AS PERCENTAGE OF I
1
1
1LOANS OUT— | COLLEC- |
| STANDING*!
TIONS 1
!
!
1
|
|
|
|
!
|
I
|
|

96.3
126.1
161.9
150.6
162.6
155.2
131.9
119.0
109.8
89.0
90.3
132.6

I
!
!
|
!
(
|
1
1
!
|
|

106.7
132.6
166.5
131.9
130.0
135.1
113.3
99.6
91.7
06.7
87.6
129.0

|
|
1
!
(
!
!
|
|
|
|
|

97.0
116.6
136.3
137.1
139.8
136.3
126.1
116.6
100.6
85.7
06.5
119.6

|
1
I
!
1
(
|
!
1
|
1
1

95.5
115.1
130.6
160.0
150.3
150.0
160.6
110.7
96.0
78.0
76.7
99.1

|
|
|
(
|
|
I
|
1
|
|
1

9.2
8*3
10.7
9.6
9.3
9.2
7.3
7.0
6.0
7.1
7.6
10.0

6.8
3.3
10.5
6.1
16.2
16.8
21.7
27.0
20.7
62.1
36.7
29.8

|
1
1
(
|
1
1
1
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|
1
|
!
1
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|
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|
1
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|
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1
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1
|
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|
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1
|
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|
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1
|
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|
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0.7
7.9
10.9
9.6
10.1
10.1
0.5
0.5
0.3
9.5
9.8
12.0

|
|
|
|
|
|
|
|
!
}
I
|

03.9
103.9
116.6
118.0
125.2
130.9
137.9
117.9
109.0
06.8
90.6
120.3

|
|
|
!
1
|
|
|
|
|
|
|

62.7
32.5
27.0
38.8
20.0
26.1
29.2
20.6
21.8
36.5
31.2

f
1
(
1
1
|
|
|
|
1
|

11.3
9.3
12.3
11.6
11.1
10.0
9.6
0.8
0.7
11.1
10.8

|
1
!
1
|
1
|
1
|
|
|

90.6
107.5
126.3
130.2
129.0
136.1
126.7
116.6
115.6
101.6
101.1

!
|
(
I
!
|
|
|
|
|
|

29.2
12.9
9.0
32.9
20.9
1.5
15.5
-0.3
5.2
-6.2
-12.9
12.0
-0.5
5.8
-2.6
3.5
2.1
25.7
6.9
-3.3
15.1
10.9
7.7
20.7
10.2
10.9
39.5
23.3
16.6
21.9
6.6
21.6
10.6
-0.0
25.6
3.6
8.9
13.5
12.0
6.3
17.0
0.6
9.7
9.3
7.6
10.5
2.7
-1.0

|
1
!
1
|
1
|
(
!
I
!

i

11.0
10.1
11.7
9.6
9.9
10.0
9.3
10.2
8.8
11.2
11.6
12.0

95.2
129.3
130.1
161.6
125.0
137.6
98.0
116.6
118.6
96.9
96.3
130.6

|
1
|
!
|
|
|
1
|
1
I
1
|
!
(
(
J
)
f
1
(
I
|
|
1
1
|
|
|
|
|
I
I
I
!
!
!
|
1
|
1
|
!
(
!
|
|
(
|
!
|
a
|
1
I
|
|
1
|
|
|
|
t
|

23.6
23.8
26.9
26.2
23.5
22.5
39.7
50.1
31.3
32.3
39.1
36.2

12.0
9.7
10.0
10.9
10.1
0.3
8.0
0.2
7.5
0.7
8.1
11.8
9.0
8.6
0.6
9.2
0.6
0.0
0.0
6.0
7.5
0.5
7.7
12.6
9.6
0.3
10.8
10.2
0.9
9.6
7.6
7.6
7.3
7.3
0.6
11.3

• OUTSTANDING LOANS AT ENO OP PRECEDING NONTH.

•NEW LOANS* ARE CONPUTED AS LOANS MADE LESS RENEWALS. RENEWALS INCLUDE SOME NONAGAICULTURAL LOANS (SEE NOTE ON PAGE SI,




7

TABLE 212.3

PRODUCTION CREDIT ASSOCIATIONS
LOANS MADE ANO NEW LOANS
TWELVE-NONTH NOVINS TOTAL
LOANS NADS
1 NILLIONS 1
OF
|
1
1 DOLLARS |
1
1

1973-J A N .••|
-F E B ...I
-1 A 1 ...I
—A P R ... |
—N AY.••|
-J U N ...I
-J U L ...I
-A U S ...I
-S E P * .•)
-O C T ...I
—NOV.••|
—D E C ...|
j
1974—’JAN. ■ •|
-F fcB .• .|
-N A R ...f
-A P R ..« |
-N A Y .. . |
-J U N ...I
—JU L. . . )
- A U G . . .)
—S EP .••|
-O C T ...!
—N O V ..•|
- O E C ...J
|
1973-J A N .«.|
-F E B ...I
-N A R ..•|
—APR...1
—NAY. . . |
-J U N ...I
—JU L ..* |
—AUS.. . 1
-S E P ...!
-O C T ...I
—N O V ..•|
-D E C .. .1
|
1976-J A N . . . I
-F E B ...!
—N A R ..•|
—APR.. . |
-N A Y ...!
-J U N ...I
—J U L . . .1
-A U G ...1
-S E P ...I
—O C T ...|
- N O V ...!
-O E C ...I
|
1977—J A N .••1
-F E B . . . |
-N A R ..* |
-A P R . . . I
-N A V ...I
-J U N ...I
—J U L . . .1
-A U S ...I
-S E P ...I
—O C T ...1
—N O V ..•|
-O E C ...I
1

1 9 7 B -J A N ...I
—F E B ... |
- N A R ...!
-A P R . . . !
-N A V ...I
-J U N ...I
—J U L . . •1
-A U S ...I
-S E P ...!
—O C T ...|
—N O V ...1
— O E C ..•!
i
1979—J A N .. . |
-F E B .. .1
— N A R ...1
-A F R ...I
— N A Y ..•|
-J U N ...I
- J U L . . .1
-A U S ...I
— S E P ...1
— O C T .. . I
—NO W ...1

10643.9
10S07.S
109B2.0
11161.2
11294.9
11420.1
11696.3
11972.1
12153.9
12397.7
12687.•
13028.5
13299.5
13418.7
13518.0
13789.9
13978.3
13996.2
14151.9
14136.4
14205.7
14219.1
14146.5
14359.C
14445.1
14625.3
14744.0
14899.1
15004.3
15256.4
15340.2
15340.8
15472.0
15578.9
15642.7
15996.7
16211.7
16393.2
16868.2
17133.2
17288.0
17519.0
17560.0
17737.2
17862.2
17837.4
18129.8
18255.5
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
20 21 1. 1

20428.9
20582.3
20839.5
21012.8

|
|
1
1
|
1
1
1
|
I
|
|
j
|
|
1
|
|
|
I
|
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(
!
1
a
)
!
|
|
|
1
|
I
|
|
I
(
i
|
I
!
1
|
1
|
1
|
|
|
|
■
|
|
|
|
|
|
1
1
|
|
|
1
■
|
|
|
1
1
1
|
|
|
1

21244.9
21576.7
21868.9
22346.8
22748.6 !
23197.7 |
■
23840.5 1
24279.3 I
24755.0 !
25348.7 1
25791.7 I
26151.6 1
26569.8 1
26887.1 |
27190.0 1
27827.5 |
28374.7 |

PERCENTAGE CHANGE
FRO* PREVIOUS
NONTH

|

2.0 i

1.5 I
|
|
1
1
1
2.7 |
1.5 t
2.0 !
2.3 1
2.7 |
■
2.1 1
0 .9 |
0.7 |
2.0 i
1.4 i
0.1 t
1.1 (
—0 . 1 |
0.5 !
0.1 i
-0 .5 r
1.5 1
i
0.6 I
1.2 !
0.8 I
1.1 !
0.7 |
1.7 !
0 .5 |
0.0 (
0 .9 |
0 .7 |
0 .4 |
2.3 1
■
1.3 1
1.1 1
2 .9 |
1.6 |
0 .9 |
1.3 |
0. 2 1
1.1 1
0.6 1
-0 . 1 |
1.6 |
0 .7 |
i
1.0 1
1.3 !
1 .4 |
0.8 |
1.3 1
0 .9 |
0.6 |
0 .5 |
0 .4 |
0 .4 I
0 .3 1
0.2 I
1.6
1.6
1.2
1.1
2.1

1

0 .4 |
0 .4 |
1.1 I
0.8 !
1.2 (
0.8 !
1*2 1
1.5 1
1 .4 !
2.2 1
1.9 |
1.9 |
1
2.8 I
1.8 |
2.0 |

2 .4 |
1.7 |
1.4 |
16 |
1.2 i
1-1 1
2.3 |
2.0 |

YEAR
11.4
11.9
12.5
14.1
13.9
14.0
15.7
17.8
19.2
19.6
21 .9
24.8
24 .9
24.2
23.1
23.6
23.8
22 .6

21 .4
18.1
16.9
14.7
11.5
10.2
8.6

9 .0
9.1
8.0

7 .3
9 .0
8.4
8*5
8 .9
9 .6
10.6

11.4
12.2
12.1

14.4
15.0
15.2
14.8
14.5
15.8
15.4
14.5
15.9
14.1
13.7
13.9
12.2

11.4
11.8

11.4
11.8
11.1
11.1

11.9
10.4
9.8
9 .2
8.3
7 .9
7.8
7.8
7.7
8 .4
9.4
10.2
12.0

13.7
15.7
18.4

AS PERCENTAGE OF | NILLIONS I
!
!
OF
1
{LOANS O U T -1 COLL EC— 1 DOLLARS |
? STANDING*1
TIONS 1
1
!

i
!
?
J
{
|
|
|
!
!
|
•
!
(
1
|
!
(
9
!
|
!
!
|
I
(
!
I
|
I
|
|
1
|
|
|
|
■
|
!
|
|
I
1
|
!
|
|
1
|
I
|
|
1
|
1
|
1
)
1
|
|
|
i
!
1
|
|
|
|
1
|
|
!
|
!
i
!

20.1 |
21.2 1

23.2 |
23.8 |
24.5 !
24.9 |
24.6 i
24.3 |
24.5 |
24.4 |

162.4
163.9
165-r 5
167.1
167.9
168.4
170.5
173.6
174.3
175.6
177.5
180.0

160.7
161.2
163.5
165.7
165.0
163.1
165.1

181.2
180.4
179.3
180.4
180.2
177.5
176.5
173.1
170.8
168.1
164.4
164.3

|
I
)
1
!
1
|
1
|
|
|
a
1
I
1
|
I
!
|
1
(
!
|
!

163.7
163.5
164.0
164.9
168.0
169.3
173.3
173.7
172.9
172.6
173.5
173.6

|
|
|
|
|
!
1
|
|
|
|
!

9335.5
9422.1
9492.8
9713.5
9862.0
9872.5
9979.9
9977.8
10012.7
9976.7
9864.6
9981.4

162.7
162.1
160.7
159.8
158.5
158.8
157.5
155.5
154.9
154.3
153.4
155.3

|
|
|
(
|
|
|
(
|
|
|
|

174.8
178.9
181.1
180.7
179.6
178.1
176.1
174.1
170.9
169.2
168.1
168.4

|
!
|
|
1
|
!
|
!
1
1
!

9976.7
10020.4
9999.6
10030.8
10048.7
10238.3
10293.6
10268.8
10375.2
10464.4
10522.9
10748.1

155.8
156.1
159.3
160.4
160.4
161.0
159.7
159.9
159.0
156.9
157.7
157.0

|
!
1
|
|
1
!
|
1
|
|
!
t
|
|
|
|
|
|
1
|
|
1
1
!

167.6
166.5
166.3
166.8
166.8
166.7
167.6
169.0
169.9
170.0
168.3
167.7

|
|
1
|
|
|
|
|
I
|
1
!

10843.6
10930.9
11261.9
11477.1
11621.1
11824.0
11878.8
12039.0
12124.5
12117.2
12324.7
12369.3

167.6
168.2
168.5
169.5
170.5
172.3
173.5
172.7
171.7
169.4
167.6
164.8

|
!
|
1
|
!
I
|
|
|
1
(

12460.9
12581.0
12720.9
12793.0
12975.2
13072.9
13161.6
13244.7
13310.9
13405.7
13433.3
13419.6

142.5
161.5
159.9
158.4
156.8
155.8
155.4
156.0
156.8
156.3
156.8
158.7

!
1
|
|
|
1
|
I
|
1

13474.0
13506.8
13644.2
13718.1
13888.9
14070.3
14287.2
14551.3
14827.7
15248.4
15634.9
16035.6

159.8
159.8
440.9
161.7
161.8
141.3
160.2
159.9
160.1
141.2
141.8

1
|

156.9
157.3
158.0
157.7
158.0
157.7
156.8
155.7
154.8
153.9
152.8
151.6
151.0
150.6
151.3
151.6
152.9
153.6
154.9
156.6
158.0
160.6
162.7
164.7

|
|
I
1
)
1
|
!
|
|
!
!

a
167.8 |
169.3 |
170.9 (
173.0 |
173.9 |
174.1 1
174.5 |
174.4 |
174.1 |
175.8 1
176.7 |

160.5
160.8
160.6
161.8

7 U 3 .9
7242.4
7399.7
7530.6
7666.0
7799.3
7996.7
8251.2
8410.6
8619.9
8864.7
9123.3

I
)
|
|
|
1
(
1
|
|
|
|

f

160.8

!
|

|
|

1
1
1
I
|

1
1

16538.1
16876.4
17267.1
17765.1
18150.5
18490.2
18846.2
19099.6
19369.5
19887.0
20336.1

|
(
|
1
|
|
|
|
I
|
|
!
*
|
1
I
|
1
1
|
|
!
|
1
I
j
(
|
I
1
|
1
1
I
1
!
|
|
|
I
|
|
1
1
1
|
1
|
|
1
•
|
I
|
I
1
1
|
I
|
|
|
1
i
1
|
|
|
1
I
1
1
I
|
|
|
!

a
1
|

PERCENTAGE CHANGE
FRON PREVIOUS
NONTH
2.0
1.8
2.2
1.8
1.8

1.7
2.5
3-2
1.9
2 .5
2.8

2.9
2.3
0 .9
0.8

2.3
1.5
0.1
1.1

-0 .0
0.4
-0 .4
-l.l

1.2

-0 .0
0 .4
-0 .2
0.3
0.2

1.9
0.5
-0 .2
1.0

0 .9
0.6
2.1

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
|
1
|
|
1
|
1
1
|
■
1
|
{
1
(
|
1
1
|
1
1
|
*
1
|
|
|
1
|
!
|
1
|
1
1
a
|
|
|
|
1
|
|
1
|
|
I
|

0 .7 |
1.0 |
1*1 1
0.6 1
1.4 |
0.8 |
0 .7 |
0.6 |
0 .5 1
0.7 |
0.2 1
-0 .1 |
a
1
0 .4 |
0.2 |
1.0 1
0.5 |
1.2 1
1.3 |
1.5 1
1.8 |
1.9 |
2.8 !

2 .5

|

2.6 |

a

3.1

|

2.0 |

!
|
|

2 .3 1
2 .9 |

1
1
1

1 .9 |
1*9 1
1.3 |
1«4 |
2 .7 |
2 .3 |

|
|

1

2.2 |

YEAR

AS PERCENTAGE OF
|
1
1LOANS OUT— | COLLEC­
TIONS
| STAN01NG*!

12.0 !

13.1
14.7
16.8
17.1
18.0
20.1
2 2 .7

24.4
25.0
27.9
30.8
31.2
30.1
28.3
29.0
28.6
26.6
24.8
20.9
19.0
15.7
11.3
9 .4
6 .9
6 .4
5 .3
3 .3
1.9
3 .7
3.1
2 .9
3 .6
4 .9
6 .7
7 .7
8 .7
9.1
12.6

14.4
15.6
15.5
15.4
17.2
16.9
15.8
17.1
15.1
14.9
15.1
13.0
11.5
11.7
10.6
10.8
10.0

9 .8
10.6

9 .0
8 .5
8.1

7 .4
7 .3
7 .2
7 .0
7.6
8.6

9 .9
11.4
13.7
16.4
19.5
22.7
24.9
26.6
29.5
30.7
31.4
31.9
31.3
30.4
30.4
30.1

|
|
1
1
1
|
I
|
1
1
|
a
1
1
|
|
|
|
1
|
(
1
1
|
a
|
|
|
|
(
(
!
|
f
|
|
|
a
|
|
|
|
|
|
|
1
|
1
1
|
a
|
|
|
|
|
1
1
|
|
I
|
1
a
|
|
|
1
|
|
|
|
|
|
|
1
a
1
I
|

1
|
!

1
|
|
|

1

107.3
107.8
108.2
109.2
109.1
109.8

108.5 |
109.8 1
111.5 |
112.8 !
113.9 |
115.0 |
117.0 |
119.6 |
120. 6 1
122.1 !
124.0 |
126.0 |
a
127.2 |
126.6 1
125.9 |
127.1 |
127.2 |
125.2 1
124.5 |
122.2 1
120.4 |
117.9 |
114.7 |
114.2 1
•
112.4 1
111.0 1
109.0 1
107.6 |
106.1 1
106.6 1
105.7 |
104.1 |
103.9 |
103.7 1
103.2 |
104.4 |
a
104.2 1
104.1 |
106.4 |
107.4 |
107.8 |
108.6 1
108.1 1
108.4 |
107.9 |
106.6 |
107.2 1
106.4 1

112.5
113.4
114.6
115.3
115.5
114.4
113.6

106.1
106.0
106.1
105.6
106.1
105.7
105.2
104.5
103.8
103.4
102.5
101.5

113.3
113.3
113.2
113.5
114.4
115.5
114.4
115.9
115.2
113.8
112.5
110.3

101.1
100.6
101.0
101.1

101.9
102.8

104.1
105.6
107.1
109.6
111.7
113.8
114.4
117.7
119.2
121.3
122.4
123.1
123.8
123.9
124.0
125.7
126.7

|
|
1
1
1
|
|
|
1
|
1
|
a
1
1
1
|
|
1
|
|
|
|
|
|

a
|

|

1
|
|

1
1
|
I
|
|

110.6

112.7
114.7
114.7
114.0
115.6
114.9
114.8
115.2
116.2
118.5
119.4
122.2
122.6
121.8
121.1
121.0
120.6
122.1
122.6
122.8
121.6

120.3
119.5
118.1
116.5
114.6
113.6
113.1
113.1
112.1
111.1
111.0

111.7
112.1

108.7
107.9
106.8
105.6
104.5
104.3
104.6
105.2
106.3
106.6
107.7
109.7
110.9
111.1
112.2

113.3
113.9
114.1
113.4
113.4
114.0
115.2
115.9

• AVERAGE 0UTSTANOINS LOANS DURING THE PRECEDING 12 NORTHS (AVERAGE OR END-OF-NQNTH D A TA ).
■NEW LOANS* ARE CONFUTED AS LOANS NADE LESS RENEWALS. RENEWALS INCLUDE SORE NONAGR1CULTURAL LOANS (SEE NOTE ON PAGE 3 ) .




8
TABLE 213.1

PRODUCTION CREDIT ASSOCIATIONS
RENEWALS ANO COLLECTIONS
COLLECTIONS

RENEWALS
1 N1LL10NS i
OF
\
1
1 OOLLARS |
1
1

202.3
23 2.9
194.4
256.§
333.0
482.6

23.6
-1 0 .5
1.5
-2 2 .2
-2 7 .8
-1 6 .6
-4 .1
15.1
-1 6 .5
32.1
29.7
44 .9

554.0
476.0
478.7
401.6
292.9
218.4
250.6
219.6
228.8
306.1
372.5
578.3

1
I
|
I
I
|
1
1
1
1
1
1

14.8
-1 4 .1

495.2
443.4
450.1
350.4
253.1

1974—J A N .••|
-F E B ...!
—NAR. a. |
—APR... 1
-N A Y ...!
-J U N ...|
—J U L . • .1
-A U G ..* |
-S E P .••|
-O C T .. .1
- N O V ...!
-D E C .. .1
g
1 9 7 5 -JA N .••I
-F E B ...!
-N A R .••|
-A P R . . .1
—NAY.••|
—J U N .. . !
- J U L .••1
-A U G . . . J
-S E P ...I
—OC T aa a|
—NOV.a •|
-D E C ...!
1
1

NONTH

|
|
1
|
1
|
1
|
|
I
1
|

1973—J A N ...|
- F E E . ••1
- N A R ...I
—APR.. a|
-N A Y ...!
-J U N ...I
-J U L ...I
-A U G .a . I
-S E P . •.1
- O C T . . .1
- N O V ...I
-D E C .. . )

1

PERCENTAGE CHANGE
FROM PREVIOUS

211. 0

6 4 4 .S
6 1 2 .S
618.2
525.4
380.2
280.9
279.2
24 5.0
253.5
323.8
377.9
707.1

1

1

|
|
1
|
1
|
1
1
I
I
I
|
■
1
|
1
1
|
!
|
1
|
f
1
|

1976-JA N.aal
764.3
706.7
-F E B ...I
—NAR.a a|
762.2
—APR.•a I
575.2
-N A Y ...I
391.1
-J U N a ..1
309.0
265.4
-J U L ...!
-A U G a .a l
282.0
-S E P ...!
273.0
—OCT a• a|
306.4
—NOV aa a|
462.8
- D E C . . .1
788.2
I
1
1977—J A N ,••1
851.6 1
622.7 |
-F E B ...!
- N A R ...!
886.4 |
—APRaa a|
66 2.9 |
-N A Y ..a |
448.7 |
- J U N . . .1
387.6 1
291.4 |
- J U L . . •|
-A U G a .a l
302.1 1
322.6 |
-S E P .a .l
—OCTa a a|
326.9 1
-N O V .a a l
492.8 I
-O E C ...I
834.2 1
I
I
19 7B -JA N .••|
877.5 1
-F E B ...I
871.4 |
-N A R ...1
966.7 |
-A P R .••|
742.5 1
-NAYaaal
535.1 1
-JU N a .a |
379.4 |
-J U L ...I
326.6 1
349.7 |
- A U G . . .!
-S E P ..a !
338.4 |
—OCTa a a|
384.2 1
-N O V ...I
528.0 |
862.6 1
—DEC aa a|
|
1
1979-J A N . . . !
1017.7 |
-F E B ...!
971.9 |
-N A R .• . I
1051.8 1
—APR.a a|
83 8.0 1
-N A V .a .l • 592.8 1
-J U N ...I
399.6 |
388.8 |
—JUL aa a|
413.7 |
-A U G a .a l
-S E P ...I
371.5 1
“ O C T ..a |
504.1 |
-N O V .a a l
628.1 |

0.6

-1 6 .1
-2 7 .0
-2 5 .4
14.7
-1 2 .4
4 .2
33.8
21.7
55.3
11.5
-5 .0
0 .9
-1 5 .0
-2 7 .6
-2 6 .1
-0 .6
-1 2 .3
3.5
27.7
16.7
87.1
8.1

-7 .5
7 .9
-2 4 .5
-3 2 .0
-2 1 .0
-1 4 .1
6. 2

-3 .2
12.2

51.1
70.3

|
j
1
|
|
1
1
I
|
!
1
|
|
■
|
|
i
|
|
1
|
I
1
1
|
|

15.7
8.7
3 .9
16.0
- 0 .6
-3 .7
23.7
35. #
1 3 .C
15.6
15.7
20.5

i
!
J
1
|
|
1
1
I
I
I
!

11.9
7.4
6.3
14.6
15.8
3.5
23.9
-5 .7
17.7
19.2
11.9
19.8

!
f
|
1
!
|
i
1
|
|
|
1
i
|
1
{
1
|
|
|
1
1
1
!
I

16.4
28.7
29.2
30.8
29.8
28.6
11.4

I
|
1
1
1
|
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8.0 1

-3 .4
7 .7
-2 5 .2
-3 2 .3
-1 3 .6
-2 4 .8
3 .7
6. 8

1.3
50.8
69 .3
5 .2
-0 .7
10.9
-2 3 .2
-2 7 .9
-2 9 .1
-1 3 .9
7 .1
-3 .2
13.5
37.4
6 3 .4
18.0
-4 .5
8.2

-2 0 .3
-2 9 .3
-3 2 .6
-2 .7
6 .4
-1 0 .2
35.7
24 .6

YEAR

|
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11.6
10.8

5.8
1.4
22.3
18.5
15.4
23.3
9.5
2.8
10.0

-4 .9
15.1
7.7
-5 .4
22 .5
11.5
11.4
16.4
16.3
15.2
14.7
25.4
9.8
7.1
18.2
6.7
6.5
5.8

l

1 MILLIONS I
AS PERCENTAGE Of
!
Of
1
1
I
LOANS 1COLLECT. 61 OOLLARS 1
1LOANS OUTRENEWALS 1
1
NAOE
| STANOINGA

1

1

3 .0 |
5 .9 |
9.1 |
12.0 !
19.3 I
- 2 .1 |
12.1 1
15.8 1
4 .9 |
17.5 |
7.2 |
3 .4 |
|
16.0 |
11.5 |
8.8 |
12.9 |
10.8 |
5.3 |
19.0 |
18.3 1
9 .8 1
31.2 |
19.0 |

7.5
6 .7
6 .7
5.0
3.5
2.9
2.7
3.1
2.6

3 .3
4 .4
6 .4
7.1
6.1
6. 0

4 .9
3 .4
2.5
2.8

2.4
2.4
3.2
4 .0
6.3
6.8

6 .4
6 .3
5.2
3.7
2.7
2.6

2 .3
2.3
3 .0
3.6
6.8

7.1
6.6

7.0
5.2
3 .4
2.6
2.2

2.3
2.2

2.5
3 .8
6.6

7 .0
6.8

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
2 .4
2.2

2.9
3 .6

40.5
39.8
36.3
34.3
26.2
22.5
22.6
23.4
2 2.5
23.0
27.7
33.2

39.3
46.1
4*.l
42.5
30.8
28.6
22.2
25.9
25.6
22.1
26.5
40.8

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37.1
38.6
35.8
31.0
25.4
22.9
23.8
22.4
24.5
27.1
32.9
34.7

35.7
44.2
44.1
40.4
35.7
31.5
29.2
25.6
26.3
24.9
30.7
41.3

40.8
43.4
42.4
36.3
30.2
23.3
24.6
25.0
23.8
26.2
31.6
35.0

41.9
50.4
51.9
42.9
37.4
29.1
27.0
24.9
22.3
23.1
28.8
41.0

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
24.8
23.4
22.5
27.6
41.0

43.1
45.0
40.4
35.4
27.2
24.0
22.6
23.6
25.1
24.7
31.9
38.3

42.0
48.4
46.9
43.4
35.9
32.3
29.0
25.5
24.0
20.3
26.4
38.1

42.7
45.6
40.0
36.4
28.0
21.2
21.2
22.0
21.5
21.3
26.8
33.1

38.5
46.5
43.3
40.7
32.8
27.2
27.0
24.9
22.9
19.0
24.9
37.3

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|
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37.7
41.4
36.4
32.0
25.2
18.6
19.8
21.7
19.8
20.7
25.0

37.4
43.1
42.0
38.0
30.3
23.7
23.6
24.4
22.1
20.9
25.2

|
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1
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1
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1

|
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|

j

|
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|

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1

1
|

• OUTSTANDING LOANS AT ENO OF PRECEDING NONTH.

RENEWALS ANO COLLECTIONS 1NCLUOE SOME NONAGR1CULTURAL LOANS ISEE NOTE ON PAGE 31.




764.1
518.1
571.A
474.4
568.7
528.1
708.7
665.6
563.8
904.1
924.0
701.3
996.9
599.8
606.0
593.5
528.7
475.0
607.9
639.1
641.0
921.4
840.6
821.4
893.2
603.2
572.9
700.5
635.6
686.0
756.4
738.7
883.8
1076.7
935.7
1018.7
1062.2
775.9
871.3
831.2
730.7
828.5
723.4
769.8
892.2
1054.8
1212.4
1135.8

|
1
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1
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1
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1
1
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I
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1
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1
I
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I
1
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1
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1
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1
1
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1
1175.3 |
875.5 |
1004.4 |
865.0 |
800.8 I
813.7 |
711.8 |
884.4 |
1023.3 1
1281.0 |
1372.0 |
1354.7 |
•
1402.0 |
1001.5 |
1265.1 |
1081.4 |
1097.5 1
1014.0 |
883.2 |
1054.2 |
1136.5 1
1636.2 1
1591.3 1
1450.7 |
j
1702.7 |
1282.2 1
1454.9 |
1369.8 |
1343.6 |
1284.3 |
1241.6 |
1283.5 |
1307.1 |
1911.1 |
1848.4 |

PERCENTAGE CHANGE
FRON PREVIOUS
NONTH

|

YEAR

1LOANS OUT| ST ANOINGA

*2.2
-39.8
1.0
-2.1
-10.9
-10.1
28.0
5.1
0.3
44.1
-9.0
-2.3

1
1
1
|
|
|
1
1
1
I
1
|
|
1
1
|
|
1
|
1
|
1
|
1
1

30.5
15.8
6.1
25.1
-7.0
-10.0
-14.2
-4.0
13.7
2.1
-9.0
17.1

8.7
-32.5
-5.0
22.3
-9.3
7.9
10.3
-2.3
19.6
21.8
-13.1
8.f

|
1
1
1
|
|
1
1
1
|
1
|

-10.4
0.4
-5.5
18.0
20.2
44.4
24.4
15.4
37.9
16.6
11.3
24.0

|
|
|
|
1
|
1
|
|
I
1
i
|
1
1
i
1
1
1
1
|
|
1
1
|
a
1
|
1
1
|
|
|
|
|
|
1
|

4.3
-27.0
12.3
-4.6
-12.1
13.4
-12.7
6.4
15.9
18.2
14.9
-4.3

|
|
|
I
1
|

18.9
28.4
52.1
18.7
15.0
20.8

|
|
1
|
|
1

4.2
0.9
-2.0
29.4
11.5

1
|

10.6
12.8
15.3
4.1
9.4
-1.8
-1.6
14.9
14.7
21.4
13.2
19.5

|

30.4
-32.2
10.3
-17.0
19.9
-7.1
34.2
-4.1
-15.3
60.4
2.2
-24.1

I

a

|

|
|
|
|
|

■
3.5 |
-25.5 |
14.7 |
-13.9 |
-7.4 |
1.4 |
-12.5 I
24.3 1
15.7 |
25.2 |
7.1 |
-1.1 1
3 .3 |

-28.6
26.3
-14.5
1.5
-7.6
-12.9
19.4
7.8
44.0
-2.7
-8.8
17.4
-24.7
13.5
-5.8
-0.5
-5.8
-1.8
1.7
1.8
44.2
-2.2

37.4
20.7
26.1
14.7
28.4
18.1
21.3
14.5
2.0
24.4
40.0
19.7

I AS PER1CENTAGE OF

-4 .4

I

|

|

1
1

a

|
|
|

1

|
|

|
|
|
|
|

19.3 |

|
|
|
|
|
|
|
1
1
|
|

26.0
25.0
37.0
24.6
24.1
19.2
11.1
27.7
16.0
6.9

|
I
|
1
|
1
|
|
I
|

|
|
|
|
|
1
1
|
1
|
1

21.4
28.0
15.0
24.7
24.2
26.7
42.8
21.7
15.0
14.8
17.4

|
|
|
1
1
|
1
|
|
|
|

ft

1 4 .4 |

11.5
7.9
8.5
8.8
7.9
7.2
9.5
8.9
7.4
11.8
12.1
9.2
12.7
7.7
7.4
7.2
6.2
5.4
6.7
6.9
6.8
9.8
9.0
8.9
9.4
6.3
5.9
7.0
6.2
4.6
7.1
4.8
8.2
10.0
8.9
9.7
9.9
7.2
8.1
7.3
4.4
7.1

4.0
6.3
7.2
8.4
10.0
9 .5

9.4
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
8.1
7.3
4.2
7.2
7.7
10.9
10.8
9 .9

11.4
8.4
9.7
8.9
8.4
7.9
7.6
7.5
7.4
11.0
10.7

TAILS 213.3

9

PRODUCTION CREDIT ASSOCIATIONS
RENEWALS ANO COLLECTIONS
TWELVE-MONTH MOVINC TOTAL
1
RENEWALS
1
9
MILLIONS
i MILLIONS I PERCENTAGE CHANGE |
AS PERCENTAGE OF
OF
|
OF
FROM PREVIOUS
I
i
i DOLLARS 1
1LOANS OUT— (
LOANS ICDLLECT. 4| OOLLARS
MONTH |
YEAR
| STANPIt&t [
i
1
t RENEWALS 1
MADE

1973-JAN.••|
-FE6...I
—MAR.••|
-APR...|
-MAY.
—JUN...1
-JUL...I
-AUS...I
-SEP..«|
—OCT...|
-NOV...I
-DEC...|
|
197A-JAN...|
-PEB...I
-MAR...1
—APR...1
-MAV...I
-JUN...|
-JUL...1
-AUG...|
-SEP..•1
-OCT...1
—NOV..•|
-DEC...1
|
1975-JAN...!
-FEB...|
-MAR...I
—APR..•|
-NAY.••|
—JUN*•.1
-JUL..•1
—AUG*..1
-SEP...I
-OCT..*|
-NOV...|
-OEC...I
|
I976-JAN...1
-FEB...1
-MAR...|
—APR...1
-NAV...I
-JUN...I
-JUL*.•1
—AUG...|
-SEP...1
-OCT...I
-NOV...1
-OEC...I
1
1977—JAN.•.|
-FEB...I
—MAR.*.|
—APR*.•1
-NAY...I
-JUN*.•1
—JUL**.|
—AUG* *.1
-SEP...I
-OCT** *|
—NOV** *1
-DEC** *|
1
1976—JAN..«|
-FEB...I
.
—MAR** .1
—APR* *•1
-MAY...I
—JUN*.•|
— JUL.* *1
-AUS...I
—SEP...|
—OCT*. *1
—NOV**•1
-DEC*.*1
1
1979-JAN** *|
—PEI.* .1
—NAR*.*|
-APR...I
-NAV...I
-JUN** *1
—JUL** *|
- A U G ...I
- K P ...I

-OCT...!
—NOV.. *1

3530.0
3565.3
3582.3
3630.6
3628.9
3620.8
3659.6
3720.9
3763.2
3777.8
3823.1
3905.2

|
i
|
|
|
|
|
|
1
|
|
|

1.9
1.0
0.5
1.3
-0.0
-0.2
1.1
1.7
0.6
0.9
1.2
2.1

|
1
|
1
|
1
1
|
1
|
1
!

10.3
9.5
8.3
8.9
7.6
6.1
7.0
8.2
8.9
8.8
9.9
12.8

3966.0
3996.7
6025.2
6076.6
6116.2
6123.6
6172.0
6158.7
6193.0
6262.6
4281.9.
6377.6

1.5
0.8
0.7
1.3
1.0
0.2
1.2
-0.3
0.8
1.2
0.9
2.2

!
i
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I
|
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1
1
1
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!
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12.3
12.1
12.6
12.3
13.6
13.9
16.0
11.8
12.0
12.3
12.0
12.1

2.3
1.8
2.6
0.9
0.2
0.5
-0.2
0.7
0.3
-0.3
1.5
1.6

6655.6
6706*3
6786.7
6866*2
6950.6
6962.5
6977.7
7025.6
7061*2
7098*5
7133*7
7162*1

1
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1
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1
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7302*6
7602.9
7688.0
7583*6
7661*2
7661.6
7723.6
7787*5
7820.6
7960*6
8060.6

I
|
I
1
|
|
|
1
|
1
|

2.0
1.6
1.1
1.3
0.8
0.3
0.8
' 0.8
0.6
1.5
1*3

6668.6
6606.9
6766.6
6868.3
6955.6
5018.1
5066*6
5072.0
5096.8
5116.6
5119.8
5268.6
5368.1
5662.3
5606.3
5656.1
5666.9
5695.0
5681.2
5718.3
5737.7
5720.3
5805.1
5816.3
5973.6
6089.5
6213.6
6301*6
6358.9
6637*5
6663*5
6683*6
6533.2
6553*8
6513.8
6629*7

|

2.1
3.1
3.0
2.6
1.8
1.3
0.6
0.5
0.5
0.3
0.1
2.5

1.5
1.9
2.0
1.6
0.9
1.2
0.6
0*3
0.8
0.3
0.5
0.7
0.6
0.7
1.2
1.2
1.3
-0.1
0.5
0.7
0.2
0.8
0.5
0.6

1
|
|
|
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|
1
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1
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j
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1
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I
|
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12.7
15.2
17.9
19.6
20.6
21.7
21.0
22.0
21.6
20.6
19.6
19.9
20.1
18.6
18.2
16.2
16.6
13.5
12.6
12.7
12.6
11.8
13.6
12.1
11.3
11.5
10.8
11.6
12.2
13.0
13.8
13.6
13*9
16*6
13.6
12.6
11.6
10.1
9.2
8.9
9.3
7.8
8.0
8.6
7.8
8.3
8.6
8.0
9.7
10*6
10.6
10.5
9.9
10.6
10.7
10.8
11*1
11.9
12.7

|
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t

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1
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1
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1
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1
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1
1
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1

MONTH

53.8
56.1
56.0
54.6
53.9
53.4
53.5
54.0
*3*7
53.5
53.5
53.9

!
f
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I
|
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1
|
1
|
1
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33.2
33.0
32.
32.5
32.1
31.7
31.4
31.1
30.8
30.5
30.1
30.0

74.7
34.7
34.4
34.5
34.1
33.8
33.6
33.7
33.8
33.5
33.0
33.1

I
1
I
i
|
1
|
|
1
|
I
i

6631.1
6719.9
6838.3
6899.0
7024.6
7105.7
7230.2
7324.6
7335*6
7512.7
7776.9
7692.3

3.2
1.3
1.6
0.9
1*6
1.2
1.8
1.3
0.1
2.4
3.5
1.5

54*0
53.7
33.4
33.3
53.1
32.3
52.0
50.9
30.4
50.1
49.8
30.1

|
|
|
!
1
|
!
I
!
f
1
|
•
|
|
|
1
|
1
1
|
f
|
|
!
*
1
1
|
I
!
I
|
1
(
!
|
|
■
I
|
1
I
|
|
|
1
I
|
|
|
a
|
|
|
|
I
1
|
|
!
|
|
{

29.6
2 9.6
29.8
29.6
29.4
29.5
29.5
29.4
29.5
29.8
30.3
30.5

32.8
32.8
32.8
32.8
33.1
33.3
33.8
33.8
33.6
34.0
34.4
34.6

1
1
|
|
|
1
|
1
1
1
|
1

6125.1
8206.6
8241.4
8360.5
6320.5
8267.4
6166.6
6140.1
8217.4
6236.7
8153.3
8273.4

3.0
1.0
0.4
1.4
-0.5
-0.6
-1.2
-0.3
0.9
0.2
-1.0
1.5

30.9
31.5
32.2
32.7
33.0
32.9
32.9
53.1
32.9
32.6
32.7
32.6

35.4
36.0
36.6
37.1
37.2
36.9
36.7
36.5
36.0
35.7
35.5
35.6

|
|
|
|
1
|
|
1
I
|
|
|

8169.7
6173.1
8140.0
8247.0
8353.9
6564.9
8713.4
6813.0
9055.6
9209.0
9304.1
9501.4

-1.3
0.0
-0.4
1.3
1.3
2.5
1.7
1.1
2*8
1.7
1.0
2.1

33.1
33.3
33.2
33.0
32.8
32.5
32.4
32.2
32.1
32.1
32.0
32.2

35.7
35.7
35.6
35.5
35.3
35.1
35.2
35.2
35.3
35.3
35.0
35.1

|
|
!
1
1
|
1
1
|
|
|
|

9670.4
9843.1
10141.5
10272.2
10367.2
10509.8
10476.7
10507.6
10516.1
10694.3
10771.0
10866.2

1.6
1.8
3.0
1.3
0.9
1*4
-0.3
0.3
0.1
-0.2
2.6
1*1

32.4
32.6
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

|
|
1
|
|
1
|
1
|
|
1
|

11001.2
11100.6
11233.9
11267.7
11337.6
11323.1
11311.5
11626.1
11557.3
11763*4
11962.9
12163*9

1.0
0.9
1*2
0.3
0.6
-0.1
-0.1
1.0
1.1
2.0
1.4
1*6

33.1
33.2
33.2
33.4
33.4
33.0
32.8
32.6
32.2
31.8
31.3
30*9

36.9
34.9
36*7
36.6
36.3
34.0
33.8
33.7
33.6
33.2
32.9
32.9

|
|
|
|
|
I
1
|
1
|
|
|

12390*6
12516.7
12777.4
12993.9
13260*6
13690*6
13662*2
13632.0
13965.2
14300.4
14519.7
16613.7

1.9
1.0
2.1
1.7
2.3
1*5
1.3
? 2
0.6
2.5
1.5
0.6

30.6
30.5
30.2
29*9
29.6
29.3
29.1
29*0
28.8
28.5
26.3

32.9
32.8
32.7
32.6
32.4
32*1
31*8
31.7
31.5
31.5
31.4

|
1
!
1
|
1
|
|
1
|
I

14916*4
15193.1
15304.0
15673.2
15939.3
16209.7
16566.1
16617.3
16988.0
17262*9
17560*1

2.1
1.9
1.2
1*9
1*7
1*7
2*3
1*4
1.0
1*6
1*6

50.3
51.0
51.7
32.2
52.3
52.2
51.8
51.4
51.0
50.7
50.2
51.0
51.6
52.0
52.9
53.0
52.6
52.3
51.7
51.5
51.1
50.3
50.5
50.6
50.9
51.3
51.8
52.0
52.0
52.0
51.6
51.2
51.0
50.5
50.3
50.1
49.9
50*0
50.2
50*6
51.0
50.7
50*8
51.0
50.9
51.0
51.0
50.8
51.4
51.6
51.7
51.8
51.5
51*0
50*7
5045
58*1
50.2
50*1

a

|
|
|
|
I
1
|
|

1
|
|

* AVERAGE OUTSTANDING LOANS DURING THE PRECEDING 12 NONTHS {AVERAGE OF END-OF-MONTH DATA).
RENEWALS ANO COLLECTIONS INCLUDE SOME NONAGRICULTURAL LOANS




COLLECTIONS
PERCENTAGE CHANGE
FROM PREVIOUS

IKE

NOTE ON RASE SI*

|
1
1
1
1
1
1
1
!
1
|
|
1
1
1
1
I
|
1
I
I
1
I
1
|
I
a
1
1
|
1
|
|
|
1
1
1
1
1
■
1
1
1
1
|
|
1
1
1
1
|
1
l
1
|
1
I
I
|
|
|
1
|
|
|
l
|
I
1
|
|
|
1
1
|
|
1
|
a
|
I
|
|
|
|
|
|
|
|
1

YEAR
16.9
18.4
19.0
18.9
18.6
18.1
18.2
17.7
16.7
16.9
21.5
22.9
22.5
22.1
20.5
21.2
16.4
16.3
13.0
11.1
12.0
9.6
4.6
4.6
0.5
-0.4
-1.2
-1.4
0.4
3.6
6.7
6.3
10.2
11.6
14.1
14.8
16.4
20.4
24.6
24.6
24.1
22.7
20.2
19.2
16.1
14.0
15.6
14.6
13.6
12.8
10.8
9.7
9.4
7.7
6.0
8.7
9.9
12.3
10.9
11.7
12.6
12.8
13.7
15.3
17.2
19.1
20.6
21.1
20.7
21.4
21.6
20.1
20.4
21.4
20.4
20.4
19.9
20.2
21.4
21.4
21.6
20.7
20*6

1 AS PER1CENTAGE OF
ILOANS OUT| STANOING*!
|
|
1
|
|
1
1
|
|
1
1
|
a
1
|
|
|
|
1
|
I
1
|
1
1
a
1
|
1
|
|
|
|
|
1
1
!
1
a
|
»
1
|
|
|
1
1
|
|
1
|
■
1
|
1
|
|
|
I
|
|
1
|
|
a
|
|
|
|
1
!
I
1
|
|
|
|
a
|
|
|
I
|
1
|
|
|
|
|

101.2
101.9 ,1
103.1
103.3
104.4
104.6
105.6
106.2
105.2
106.4
108.8
109.0
110.7
110.3
109.3
109.4
107.3
104.9
101.9
99.7
96.6
97.3
94.8
94.7
92.0
90.6
88.7
66.5
66.2
69.2
69.5
89.3
90.7
91.2
91.2
92.3
93.0
93.7
95.8
96.2
96.2
96.6
95.3
94.6
93.6
92.3
93.7
93.7
93.7
93*4
93.7
93.1
92.7
91.5
90.4
90.2
90.1
90.9
91.2
92.0
93.0
93.3
94.6
95.7
97.5
96.4
99.5
100.4
100.8
102.6
103.6
103.7
105.0
105.9
106.2
107.0
107.5
107.9
109.0
109*1
108*6
109*1
109*2




10
AGRICULTURAL FINANCE DATABOOK— MONTHLY SERIES

220

DECEMBER 1979

FEDERAL LANO BANKS (AGRICULTURAL LOANSI
221

LOANS OUTSTANDING

221.1
222

LOANS CLOSED

222.1
222.3
223

ACTUAL........................................................ .
12-MONTH MOVING TOTAL............................................. 15

REFINANCING AND REPAYMENTS

224.1
224.3

SOURCE:

ACTUAL.............................................................12
12-MONTH MOVING TOTAL..............................................13

NEM NONET LOANED

223.1
223.3
224

ACTUAL............................................................ II

ACTUAL............................................................ 16
12-MONTH MOVING TOTAL............................................. 17

«FEOEPAL LAND BANKS— SUMMARY OF SELECTED MONTHLY LOAN DATA,"
TECHNICAL SERVICES DIVISION, FARM CREOIT ADMINISTRATION.

DATA IN THIS SECTION ARE OBTAINED FROM TIMELY MONTHLY REPORTS WHICH ARE NOT
REVISED TO REFLECT ANY SUBSEQUENT CHANGES OR CORRECTIONS. IF ONLV YEAR-END
DATA ON OUTSTANDING LOAN VOLUME ARE REQUIRED, USE THE SERIES IN SECTION 100
OF THE AGRICULTURAL FINANCE D A T A B O O K - A N N U A L SERIES. NOVEMBER 1977.

TABLE 221.1

11

FEDERAL LAND BANKS
LOANS OUTSTANDING
(ENO OF MONTH)
1
1
1
1

AMOUNT
MILLIONS OF DOLLARS

1
1
OUT| CHANGE FROM PREVIOUS 1
1
1 STANOING |
MONTH |
YEAR
|
1

1PERCENTAGE CHANGE
FROM PREVIOUS
MONTH

1973-JAN...|
-FEB...|
-MAR...1
-APR...1
-MAY...1
-JUN...I
-JUL...1
-AUG...1
-SEP. • • 1
-OCT...1
-NOV...1
-DEC...1
1
1
1974—JAN.••|
-FEB...|
-MAR...|
-APR.. .1
-MAY.. .1
-JUN...|
-JUL.. .1
-AJG.. .|
-SEP..•1
-OCT...1
-NOV...|
-DEC...1
1
1975— JAN...|
-FEB...1
-MAR...|
-APR...1
-MAY.••|
-JUN...1
-JUL...1
-AUG.. .|
— SEP.••|
-OCT...1
-NOV...|
-DEC.. .1

9231.9
9367.3
9567.6
9739.2
9918.8
10077.5
10209.0
10384.6
10524.9
10696.1
10820.7
10947.1

1
|
1
1
1
|
|
|
|
|
|
|

140.2
135.4
200.3
171.6
179.6
158.7
131.5
175.6
140.3
171.2
124.6
126.4

|
|
|
|
|
1
|
1
|
1
|
|

1261.2
1328.7
1428.4
1501.0
1576.3
1651.8
1691.7
1753.3
1776.2
1838.8
1848.9
1855.4

|
|
|
|
|
I
|
|
1
1
|
|

1.5
1.5
2.1
1.8
1.8
1.6
1.3
1.7
1.4
1.6
1.2
1.2

11104.6
11248.6
11466.7
11692.7
11940.5
12176.5
12433.2
12660.3
12876.6
13074.7
13268.6
13456.4

|
|
|
|
|
|
!
|
i
|
|
|

157.5
144.0
218.2
226.0
247.7
236.0
256.7
227.1
216.3
198.1
193.9
187.8

|
|
1
1
|
1
|
|
|
|
|
|

1872.7
1881.3
1899.2
1953.5
2021.6
2099.0
2224.2
2275.7
2351.7
2378.5
2447.9
2509.2

1
1
1
|
|
!
1
|
|
|
|
1

1.4
1.3
1.9
2.0
2.1
2.0
2.1
1.8
1.7
1.5
1.5
1.4

13656.1
13879.7
14179.2
14441.0
14692.9
14938.3
15144.8
15332.6
15517.9
15711.7
15837.2
16013.8

|
|
|
|
|
|
|
|
|
!
|
|

199.7
223.6
299.5
261.8
251.9
245.4
206.5
187.8
185.3
193.8
125.5
176.6

|
|
1
i
|
|
|
i
|
1
I
i

2551.5
2631.1
2712.4
2748.3
2752.4
2761.8
2711.6
2672.3
2641.3
2637.0
2568.6
2557.4

|
1
|
|
|
1
|
|
1
1
|
|

1.5
1.6
2.2
1.8
1.7
1.7
1.4
1.2
1.2
1.2
0.8
1.1

1976—JAN...|
-FEB...I
-MAR..•|
-APR..•|
-MAY...1
-JUN...I
-JUL...1
-AUG...1
-SEP...|
-OCT...|
-NOV...1
-DEC.. .1
1
1977-JAN...1
-FEB. •.i
-MAR.. . |
-APR...I
-MAY...I
-JUN...!
-JUL...1
-AUG...I
-SEP...1
-OCT..•|
—NOV.••|
—DEC...1
1
1978—JAN.••|
-FEB...I
—MAR.. .|
-APR..•1
—MAY...|
-JUN...|
—JUL.•.1
-AUG...I
-SEP...1
-OCT..•|
—NOV...1
-DEC..•1
|
1979—JAN.••|
-FEB...I
-MAR.. .1
—APR.••1
—MAY... |1

16189.9
16369.6
16699.9
16946.2
17159.6
17403.2
17622.7
17806.2
17982.2
18147.7
18320.3
18524.2

|
|
|
|
1
|
|
|
1
|
1
1

176.1
179.7
330.3
246.4
213.3
243.6
219.5
183.5
176.0
165.5
172.6
203.9

|
|
1
|
|
I
|
I
|
|
|
|

2533.7
2489.9
2520.7
2505.2
2466.7
2464.9
2477.9
2473.6
2464.3
2436.0
2483.1
2510.4

1.1
1.1
2.0
1.5
1.3
1.4
1.3
1.0
1.0
0.9
1.0
1.1

18692.7
18921.9
19330.8
19625.0
19916.8
20190.2
20440.8
20658.0
20873.7
21057.0
21258.2
21466.3

|
1
|
|
|
|
|
|
|
|
|
|

168.5
229.2
409.0
294.2
291.8
273.4
250.6
217.2
215.7
183.3
201.2
208.1

1
|
1
|
|
|
1
|
|
|
1
1

2502.8
2552.3
2631.0
2678.8
2757.3
2787.0
2818.1
2851.8
2891.5
2909.3
2938.0
2942.1

|
|
|
|
|
|
|
|
|
|
|
|
■
|
|
|
|
|
|
1
|
|
|
1
|

21672.2
21895.7
22234.1
22480.7
22806.7
23130.7
23394.6
23677.6
23938.7
24210.9
24460.7
24668.0

1
|
|
|
|
|
|
|
|
|
|
|

205.8
223.5
338.4
246.6
326.0
324.0
263.9
283.0
261.1
272.3
249.8
207.3

|
I
|
|
1
|
|
|
I
|
1
|

2979.5
2973.8
2903.2
2855.7
2889.9
2940.4
2953.7
3019.6
3064.9
3153.9
3202.5
3201.7

1.0
1.0
1.5
1.1
1.4
1.4
1.1
1.2
1.1
1.1
1.0
0.8

25053.0
25357.8
25850.9
26294.1
26780.9'
27261.0
27657.7
28103.2
28430.2
28858.9
29258.7

|

385.0
304.8
493.1
443.2
486.8
480.1
396.7
445.5
327.0
428.7
399.8

|
|

|
|
|
|
|
|
|
I
|
|
|
|
j
3380.8 1
3462.1 |
3616.8 |
3813.4 |
3974.2 |
4130.4 |
4263.1 |
4425.6 |
4491.6 |
4648.0 |
4798.0 |

.|

—J U N ..
• J U L ...1

1

-AUG...1
-SEP...1
-OCT...I
—MOV..•1




|

|
|

|
|

I
|

|

|
1

|
|
1
i
I
(
|

|
1

0.9
1.2
2.2
1.5
1.5
1.4
1.2
1.1
1.0
0.9
1.0
1.0

1.6
1.2
1.9
1.7
1.9
1.8
1.5
1.6
1.2
1.5
1.4

|
1
|
|
|
1
!
|
|
|
|
|
|
f
1
1
|
1
|
|
1
|
1
|
|
|
|
|
1
1
|
1
|
|
|
|
|
1
|
I
1
i
1
1
1
1
|
i
|
|
|
1
|
1
1
1
|
1
|
I
|
|
|
1
1
1
1
|
j
|
|
|
1
|
|
1
|
1
1
|
|
j
|

|
|
|
|
|
1
|
1
|

|

YEAR

NUMBER
|
AVERAGE SIZE
1
i
i
(PERCENTAGE
1
1PERCENTAGE!
| THOUSANDS
CHANGE | DOLLARS 1 CHANGE
FROM LAST!
1 FROM LAST
1
YEAR
|
YEAR
|
1
1
1
1

15.8
16.5
17.6
18.2
18.9
19.6
19.9
20.3
20.3
20.8
20.6
20.4

|
|
|
|
|
1
|
|
|
|
|
I

407.6
407.9
409.0
409.7
410.8
411.7
412.2
413.0
413.6
414.3
414.5
414.8

0.8
0.8
1.0
1.1
1.2
1.3
1.4
1.5
1.5
1.8
1.8
1.8

20.3
20.1
49.8
20.1
20.4
20.8
21.8
21.9
22.3
22.2
22.6
22.9

414.3
414.8
415.9
414.3
419.3
421.3
423.1
424.8
426.4
427.4
428.2
429.2

1.7
1.7
1.7
1.1
2.1
2.3
2.6
2.9
3.1
3.2
3.3
3.5

430.0
431.6
433.5
435.1
436.9
438.6
440.0
441.0
442.0
442.4
442.4
442.8

3.8
4.1
4.2
5.0
4.2
4.1
4.0
3.8
3.6
3.5
3.3
3.2

443.2
443.7
445.1
446.0
447.0
448.2
449.0
449.9
450.4
450.7
450.6
450.8

3.1
2.8
2.7
2.5
2.3
2.2
2.1
2.0
1.9
1.9
1.8
1.8

15.5
15.6
15.8
15.8
16.1
16.0
16.0
16.0
16.1
16.0
16.0
15.9

|
|
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|
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450.9
451.5
452.9
453.8
454.8
456.0
457.0
457.8
458.6
459.1
459.2
459.5

1.7
1.8
1.8
1.8
1.7
1.8
1.8
1.8
1.8
1.9
1.9
1.9

15.9
15.7
15.0
14.6
14.5
14.6
14.5
14.6
14.7
15.0
15.1
14.9

|
|
1
|
|
|
|
|
|
1
|
|

459.8
460.4
461.3
461.8
463.1
464.6
465.9
467.2
468.4
469.5
470.3
471.2

2.0
2.0
1.9
1.8
1.8
1.9
2.0
2.1
2.1
2.3
2*4
2.5

15.6
15.8
16.3
17.0
17.4
17.9
18.2
18.7
18.8
19.2
19.6

|

472.5
473.8
476.0
477.8
480.0
482.4
484.6
486.9
488.7
490.9
492.4

2.8
2.9
3.2
3.5
3.6
3.8
4.0
4.2
4.3
4.5
4.7

23.0
23.4
23.7
23.5
23.1
22.7
21.8
21.1
20.5
20.2
19.4
19.0
18.6
17.9
17.8
17.3
16.8
16.5
16.4
16.1
15.9
15.5
15.7
15.7

|
1
|
|
|

1
|

|
|
|

14.9
15.6
16.4
17.0
17.5
18.1
18.2
18.6
18.5
18.7
18.5
18.3

41457.
41909.
42684.
43243.
43792.
44273.
44732.
45124.
45519.
45868.
46289.
46714.

1
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47136.
47559.
48193.
48680.
49247.
49787.
50213.
50677.
51104.
51564.
52010.
52355.

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13.7
13.5
12.9
12.6
12.5
12.5
12.3
12.3
12.3
12.4
12.4
12.1

53020.
53522.
54304.
55030.
55793.
56510.
57070.
5771*.
58171.
58793.
59419.

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12.5
12.5
12.7
13.0
13.3
13.5
13.7
13.9
13.8
14.0
14.2

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22652.
22966.
23395.
23769.
24148.
24478.
24767.
25144.
25444.
25818.
26103.
26393.

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26804.
27117.
27571.
28221.
28479.
28902.
2938 5.
29803.
30197.
30588.
30988.
31349.
31758.
32156.
32711.
33190.
33627.
34061.
34420.
34767.
35112.
35516.
35797.
36166.
36533.
36895.
37522.
37998.
38389.
38832.
39246.
39581.
39924.
40267.
40662.
41088.

18.3
18.1
17.8
18.7
17.9
18.1
18.6
18.5
18.7
18.5
18.7
18.8
18.5
18.6
18.6
17.6
18.1
17.8
17.1
16.7
16.3
16.1
15.5
15.4
15.0
14.7
14.7
14.5
14.2
14.0
14.0
13.8
13.7
13.4
13.6
13.6
13.5
13.6
13.8
13.8
14.1
14.0
14.0
14.0
14.0
13.9
13.8
13.7

12

TA B LE

2 2 2 .1

FEDERAL LAND BANKS
LOANS CLOSED
1
1
1 MILLIONS 1
OF
|
1
1 DOLLARS 1
1
1
1 9 7 3 -J A N . ••1
-F E B ...I
- M A R . . .1
- apr..
-M A Y ...|
- J U N . . .1
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- A U G . . .1
- S E P . . .1
- O C T . . .1
- N O V . . .1
- D E C . . .1
■
1
197*—J A N . . . |
- F E B . . .1
-M A R ...|
-A P R ...|
-M A Y ...|
- J U N . . .1
-JU L ... |
- A U G . . .1
- S E P . . .1
- O C T . . .1
-N O V ... |
- D E C . . .1
■
1 9 7 5 - J A N . ••|
- F E B . . .1
-M A R ...|
-A P R ...|
-M A Y ... |
- J U N . . .|
-JU L ... |
- A U G . . .1
- S E P . . .1
-O C T ...|
- N O V . . .1
- D E C . . .1
■
1
1976— J A N . ••|
- F E B . . .|
- M A R . . .1
-A P R ...|
-M A Y ... |
-JU N ...|
- J U L . . .1
- A U G . . .1
- S E P . . .1
- O C T . . .1
-N O V ...|
- D E C . . .1
j
1 9 7 7 -JA N ...|
-F E B ...I
- M A R . . .1
- A P R . . .|
—MAY. ••|
-JU N ... |
- J U L . . .1
- A U G . . .1
- S E P . . .1
- O C T . . .1
- N O V . . .1
-D E C ...|
j
1 9 7 8 -J A N . . .1
-F E B ...I
- M A R . . .1
-A P R ...I
- M A Y . . .1
- J U N . . .1
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-A U G ...I
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—D E C . . •|
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1979—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
-AU G ..*|
- S E P . . .1
-O C T. . . |
—N O V .••|
•

O U T S T A N D IN G




AMOUNT
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH

|

YEAR

2 9 5 .7
2 3 9 .5
3 2 5 .6
2 8 2 .5
2 9 1 .6
2 6 1 .2
2 1 8 .8
2 8 3 .0
2 17 .1
2 6 9 .6
2 * 3 .2
2* 1 .2

|
1
|
|
I
1
1
|
|
|
1
1

2*. 2
-1 9 .0
3 6. 0
-1 3 .2
3.2
-1 0 .*
-1 6 .2
2 9 .*
-2 3 .3
2 * .2
-9 .8
-0 .8

1
|
I
i
|
|
|
|
1
|
1
I

7 9 .1
6 7 .5
6 7 .0
6 1 .8
5 7. 8
6 2 .9
3 2. 8
* * .6
10.2
3 3 .0
1 2 .0
1.3

3 33 .2
2 5 3 .5
3 * * .*
3 * 3 .3
3 61 .3
3 * 0 .*
3 71 .7
3 2 7 .7
3 07 .5
3 16 .5
30 *.2
3 3 6 .5

l
1
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1
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|
1
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|
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•
|
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1
1
1
|
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1
1
|

3 8.1
-2 3 .9
3 5 .9
-0 .3
5 .2
-5 .8
9 .2
-1 1 .8
-6 .2
2 .9
-3 .9
1 0 .6

1
|
|
|
1
|
1
1
|
|
|
|

1 2.7
5 .8
5 .8
2 1.5
2 3 .9
30.3
6 9 .9
15 .8
* 1 .6
1 7. *
2 5. 1
3 9. 5

18.3 |
-1 2 .8 |
2 6 .6 |
-9 .7 |
-* .* |
-1 .7 |
-1 1 .2 |
-1 2 .9 |
7 .7 |
2 .9 |
-1 7 .9 |
* 2 .9 |

1 9. *
37.0
2 7. 6
15 .6
* .9
9 .*
-1 0 .9
-1 2 .0
1.0
1.0
-1 3 .3
11 .*

3 9 7 .9
3 *7 .1
* 39 .3
3 9 6 .7
3 79 .2
3 7 2 .5
3 3 1 .0
2 8 8 .*
3 1 0 .6
3 19 .6
2 62 .2
3 7* .8
392 9
3 * 6 .8
5 27 .6
* 3 6 .*
3 6 3 .7
* 0 5 .0
3 67 .1
32 0 .7
32 3.2
3 13 .6
3 5 0 .6
* 3 7 .6
* 6 3 .7
* 29 .5
6 7 9 .0
5 21 .3
5 18 .3
5 0 6 .0
* 92 .2
* 0 2 .9
3 7 9 .7
3 5 8 .6
* 1 8 .9
* * 8 .9
5 0 2 .7
* 3 3 .0
6 1 8 .9
*9 2 .1
5 7 0 .7
5 5 9 .7
* 6 1 .9
* 8 0 .7
*5*.9
* 8 5 .9
* 7 0 .3
* 83 .1
7 3 * .*
5 3 0 .7
7 9 8 .9
7 33 .0
7 90 .2
7 *7 .5
6 5 7 .5
691.8
5 2 * .6
6 9 0 .8
6 8 * .8
LO ANS

AT

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*.8
-1 1 .7
52 .1
-1 7 .3
-1 6 .7
1 1 .*
-9 .*
-1 2 .6
0 .8
-3 .0
11.8
2 * .8
6 .0
-7 .*
5 8. 1
-2 3 .2
-0 .6
-2 .*
-2 .7
-1 8 .2
-5 .7
-5 .6
1 6.8
7 .2
1 2. 0
-1 3 .9
*2.9
-2 0 .5
1 6. 0
-1 .9
-1 7 .5
* .l
-5 .*
6 .8
-3 .2
2 .7
5 2 .0
-2 7 .7
5 0 .5
-8 .2
7 .8
-5 .*
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5.2
—2 * .2
31.7
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OF

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P R E C E D IN G

-1 .3
-0 .1
20.1
10 .0
-* .l
8 .7
10.9
1 1.2
* .l
-1 .9
3 3 .7
1 6.7
18 .0
2 3 .8
2 8. 7
1 9.*
* 2 .5
2* . 9
3 *. 1
2 5. 6
17.5
1*.*
19.5
2.6
8.*
0 .8
-8 .8
-5 .6
10.1
1 0.6
-6 .2
19.3
19.8
3 5. 5
12.3
7 .6
*6.1
2 2. 6
29.1
* 9 .0
3 8.5
3 3. 5
*2.3
* 3 .9
15 .3
* 2 .2
*5.6

NUM3ER
1
1
i
| PERCENTAGE!
1
CHANGE
1
1 THOUSANDS!
I FROM LASTI
1
YEAR
|
!
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
!
1
1
1
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1
1
1
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1
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1
1
1
1
1
1
1
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1
1
1
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1
1
1
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1

1

1
1

M O N TH .

AS PERCENTAGE OF
|
i
I PERCENTAGE!
LOANS
|
OUT| REPAY­
DOLLARS 1 CHANGE
1
1 FROM LAST! STANDING*!
MENTS
YEAR
|
1
1
AVERAGE S IZ E

6*321.
56563.
62*66.
59915.
62661.
63771.
69728.
58152.
6*386.
6*326.
6*277.
6700*.

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3 8 .5 |
38.9 |
35.7 |
29.9 |
2 7 .0 |
2 5 .* 1
1 0 .7 |
23.7 |
1 9 .* |
1 5. 6 |
l* .l 1
1 3 .9 |
f
10 .8 |
5 .5 1
1 6. * |
1 2 .0 i
2 0 .9 |
2 3 .3 1
3 1 .0 1
1 .9 |
1 3.0 1
1 5. 6 |
1 7. 9 |
1 2.7 |

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3 .0 |
2 .3 |
3.1 1
3 .0 |
3.1 1
2.9 1
3. 1 |
2 .6 |
2.* |
2 .5 1
2.3 |
2 .5 |

2 5 9 .*
3 * * .*
* 6 1 .8
51 4.9
6 2 6 .2
6 6 1 .9
6 5 2 .9
6 0 2 .9
7 11 .5
* 8 1 .3
* 6 1 .6
3 6 6 .3

7 .2 |
1 *. 0 |
* .l 1
-3 .6 |
-7 .7 |
-3 .9 |
-1 0 .8 1
-2 8 .9 |
-1 0 .0 1
-1 0 .3 !
-2 1 .* 1
-0 .5 |

71671.
67929.
76576.
718*8.
712*3.
726*8.
69617.
72028.
72291.
72**0.
70*57.
7*992.

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1
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1

1 1 .* 1
2 0. 1 |
22.6 |
1 9 .9 |
1 3 .7 |
1 3. 9 |
-0 .2 |
2 3 .9 |
12.3 |
1 2. 6 i
9 .6 i
1 1 .9 |

3.0
2 .5
3.2
2 .8
2 .6
2.5
2.2
1. 9
2 .0
2 .1
1.7
2.*

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2 9 5 .*
5* 2.1
6** . 5
6 2 2 .1
6 0 2 .0
6 1 4 .5
5 19 .6
5 *1 .9
*9 0 .8
* 5 6 .0
3 26 .6
2 7 6 .9

-1 3 .3
-1 2 .6
11.2
-2 .6
-8 .3
0.9
-6 .2
9.0
-3 .0
-7 .1
20.0
1 .0

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81586.
776*5.
82736.
81166.
7*5*6.
73265.
82357.
73*57.
77572.
7653*.
78511.
86699.

1 3 .8
1 *• 3
8 .0
13.0
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7. 7
1 8.3
2.0
7.3
5 .7
1 1 .*
1 5 .6

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2.5 |
2 .1 1
3 .2 1
2.6 |
2.1 |
2.* |
2 .1 |
1 .8 !
1 .8 I
1 .7 |
1 .9 t
2.* 1

26 3.8
3 37 .*
* 7 8 .0
* 3 2 .2
* * 9 .2
5 02 .8
* 66 .1
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* 0 7 .*
3 81 .7
33 0.2
30 9 .2

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9*058.
91013.
99833.
926*0.
89273.
86233.
102888.
83792.
85203.
822*0.
86**2.
89729.

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1 5. 3
1 7.2
20.7
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10 .2
2* . 9
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9.8
7.5
10.1
3 .5

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2.5
2.3
3.6
2.7
2.6
2.5
2.*
2.0
1. 8
1. 7
2 .0
2.1

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2 2 3 .*
367.1
* 75 .2
* 7 5 .5
* 5 7 .7
*0 3.8
37 4.2
*3 5.2
516.3
38 9. 3
3 *0 .3
30 4.0

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1 0 .9
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1 9 .9
6 .5
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102187.
9633*.
10*921.
10025 5.
9716*.
95 029.
95 272.
90130.
977**.
92 918.
91087.
9378*.

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8.6
5.8
5.1
8. 2
8 .8
1 0.2
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7 .6
1 *• 7
1 3. 0
5 .*
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2.3
2.0
2 .8
2 .2
2 .5
2 .5
2 .0
2 .1
1.9
2 .0
1 .9
2 .0

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2*7.1
36 0.2
*0 6 .3
3 8 0 .8
A* 7 . *
* 73 .0
*5 3.3
*7 3.5
523.8
*2 9 .8
3 79 .6
27 1 .0

2 6 .*
10 .2
17.1
2 * .6
18.3
1 2.7
2 8 .3
20.*
1 0 .8
2 2 .5
1 1 .0

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118095. i
1071*7. |
115682. 1
119910. |
113716. |
112593. |
105705. |
107772. |
101719. |
107817. |
119**9. 1

1 5. 6 |
11.2 1
10 .3 |
1 9. 6 |
1 7 .0 t
1 8. 5 |
1 0 .9 |
1 9 .6 |
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1 6 .0 i
3 1.1 1

3 .0
2. 1
3 .2
2 .8
3 .0
2.8
2 .*
2 .5
1. 9
2.*
2.*

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33 7.9
*3 1.6
506.5
534.5
604.1
6* 0 .0
534.6
6 3 9 .9
61 8 .2
60 4.1
5 16 .6

5.1
* .5
6 .1
5.3
5 .6
5.0
*•1
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3 .8
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2 9 .3
2 0 .6
23.0
2*.6
2*. 2
3 0 .0
1 9 .9
1 6 .9
-7 .7
15.1
-1 .8
-1 1 .1

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58076.
53623.
536*9.
53501.
518**.
51720.
53213.
57055.
56970.
55666.
5*533.
59*31.

5 .2
*.5
5 .5
5 .7
5 .8
5 .3
5 .3
5 .6
*.8
*.9
* .7
5.0

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1 .7
0 .3
-9 .2
8.5
2 .5
5 .7
2 9 .7
1 3 .6
2 5.3
1 .6
6 .1
23.7

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5 .6
5.1
5 .7
5.5
5 .3
5.1
* .8
*.0
*.3
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3 .7
5 .0
* .8
*.5
6.*
5 .*
* .9
5.2
*.5
* .*
* .2
* .l
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5.0
*.9
* .7
6.8
5 .6
5 .8
5 .9
*.8
*.8
*.5
* .*
*•8
5 .0
*.9
*•5
5.9
*.9
5 .9
5.9
*.8
5 .3
*.7
5 .2
5 .2
5.2
6.2
5.0
6.9
6 .1
6.9
6.6
6 .2
6.*
5. 2
6 .*
5.7

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3.3
2 .6
3 .5
3.0
3 .0
2.6
2 .2
2 .8
2 .1
2 .6
2.3
2.2

2 7 6 .8
3 9 4 .9
* 7 6 .8
* 7 0 .3
* 9 0 .3
* 6 7 .0
* 2 5 .7
5 0 3 .6
*9 2.1
* 8 1 .7
2 9 9 .6
2 8 8 .*

TA B LE

13

2 2 2 .B

FEDERAL LANO BANKS
LOANS CLOSED
TWELVE-MONTH MOVING TOTAL
!
1
1 M I L L IO N S
OF
1
1 DOLLARS
1
1973— J A N . • • |
-F E B ...I
- M A R . . .1
- A P R . . .|
- M A Y . . .1
- J U N . . .|
-JJL . . . |
— AUG. . . 1

1
|
1
1

1
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|
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1
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|
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|
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2 2.7
22.4
23.5
24.9
24.9
27.4
27.9
26.5
22.8
20.9
18.0
14.9

|
|
|
|
|
|
|
1
1
|
|
|

45998.
47173.
48616.
49667.
50609.
51350.
51680.
52545.
53181.
53749.
54274.
54802.

1.2
0 .4
0 .6
1 .9
2.1
2 .4

1
|
1
|
1
|

1.2

2 .5
1 .3
1 .6
2 .5

|
|
|
|
|
1

57.9
57.9
57.4
57.8
58.0
58.3
59.5
60.1
61.1
61.2
6 1.5
62.4

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1

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12.5
10.8
7 .4
6.2

4.4

35.4
30.6
24.8
22.0
19.9
18.5
21.5
19.4
21.6
20.5
21.4
24.3

1.6
2 .3
2.3
1 .3
0 .4
0 .8
-0 .9
-0 .9
0 .1
0 .1
-1 .0
0 .9

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1

62.8
63.4
63.6
6 3.4
63.0
62.8
62.2
60.6
60.1
59.6
58.6
58.6

|
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-0 .1
-0 .0
2 .1
0 .9
-0 .4
0 .8
0 .8
0 .7
0 .3
-0 .1
2 .0
1 .4

|
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1
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1
I
|
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|
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1
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1
1
1
5.2 |
2.8 |
2 .6 |
2 .2 |
1.5 f
1.4 1
3.3 |
5.0 |
5.2 J
5.0 |
8 .2 1
8.7 |
1

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1
|
1
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|
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1 .5
1.8
3 .2
1 .7
3.1
2 .0
2 .4
1 .5
1 .0
0 .8
1.2
0 .2

|
|
|
|
|
|
|
1
|
|
1
|
1

10.5
12.4
13.7
14.6
18.6
20.0
21.9
22.8
23.7
24.9
2 4.0
22.5

565 8 .0 |
5661.6 |
560 1 .5 |
5572.3 1
5 6 2 4 .7 |
5 67 8 .4 |
564 8 .1 )
572 5 .9 |
580 1 .0 1
5 928.2 1
5 979.6 |
601 3 .8 |
j
624 5 .6 |
6343.2 1
6 52 3 .2 |
6 764.2 1
6 9 8 3 .6 |
7171 ..4 |
7 367.0 1
7 57 8 .1 |
7 647.8 |
7852.7 |
8 06 7 .2 |

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
|
|
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1
1
1
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3 .9 |
1.6 |
2.8 1
3 .7 |
3 .2 |
2 .7 |
2 .7 |
2 .9 |
0 .9 |
2.7 |
2 .7 |

1 9 7 5 - J A N . •• |
-F E B ...I
-M A R ...|
- A P R . ••|
-M A Y ... |
-JU N ...|
- J U L . . .1
-A U G .. .!
- S E P . . .1
- O C T . . .1
- N O V . . .1
- D E C . . .|
j

400 4 .9
409 8 .5
4 193.5
424 6 .9
4 2 6 4 .8
4 296.9
4 25 6 .2
4 216.9
4220.0
422 3 .1
4 18 1 .1
4219.4

|
|
|
|
1
|
|
|
|
|
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1
I1
|
1
|
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1
|
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197 6—J A N . •• |
-F E B ...I
-M A R .••|
-A P R ...I
- M A Y . . .1
—J U N .. . |
- J U L . ••1
—A U G ... |
-S E P ..* |
- O C T . . .1
- N O V . ••1
-D E C ... |

4214.4
4214.2
4 302.4
4342.1
4 3 2 6 .7
4359.2
4395.3
442 7 .6
4 44 0 .2
4 434.2
4 52 2 .5
4 58 5 .3

197 7—J A N . . • |
-F E B ...I
— M A R .••|
-A P R ...!
- M A Y . . •1
- J U N . . .1
-JU L ...|
-A U G ...I
- S E P . . •|
—O C T . . •|
-N O V ...I
-D E C ..* |
|

4 656.1
4738.7
4890.1
497 5 .0
5129.6
523 0 .6
5 355.7
5 43 7 .9
5494.4
5539.4
560 7 .7
5 61 9 .1

1978—J A N . • .|
-F E B ...I
-M A R ...|
- A P R . . .1
- M A Y . ••|
—J U N . ••|
—JU L . . . 1
-A U G ...I
—S E P ...|
—O C T . . . |
- N O V . . .1
- D E C . . .1
j

AVERAGE

O U T S T A N D IN G




YEAR

51.5
52.3
53.4
54.4
55.5
56.7
57.4
58.1
57.8
58.4
58.3
57.8

3 20 6 .7
322 0 .6
3 239.3
3300.1
3 369.8
3 44 9 .0
3 601.9
3646.6
373 7 .0
378 3 .9
3 84 4 .9
3940.2

*

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LO AN S

5 .8
4 .1
5 .3
4 .2
4 .0
3 .6
1 .9
2 .9
0 .7
2.2

0 .8
0 .1

D U R IN G

AS PERCENTAGE OF

REPAY­
MENTS

|
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1
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(
1
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|
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■

19.5
22.1
25.2
27.1
28.5
29.0
28.2
28.0
26.9
26.4
25.3
2 3.3

|
1
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|
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|
|
|
|
|
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27.9
28.7
29.8
30.6
3 1.4
32.0
32.1
32.6
32.3
32.5
32.3
31.8

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|
|
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|
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|
|
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3 63 .8
3 70 .9
384 .5
3 90.7
3 98.7
4 07.3
4 0 7 .1
412 .6
4 12 .4
4 1 8 .2
4 12 .6
404 .3

2 0.4
17.8
16.1
14.9
14.9
15.3
17.2
15.4
15.0
15.1
15.3
15.2

|
|
|
|
|
|
1
|
|
|
|
1
•

31.7
31.3
31.0
31.1
31.3
31.6
32.4
32.3
32.6
3 2.4
32.4
32.6

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|
|
|
|
|
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|
|
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3 98.1
393.5
392 .8
3 97 .0
406.3
4 18.1
433 .7
4 40 .1
451.5
4 5 1 .8
467 .6
474.5

i
|
1
1
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1
|
|
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1
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1

15.2
16.2
16.7
17.3
16.4
15.6
13.0
14.8
14.8
14.6
14.1
14.2

|
|
|
|
|
|
|
|
|
1
|
1
1
1

32.6
32.8
33.0
32.8
32.4
32.1
31.2
30.4
30.0
29.5
28.8
28.6

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4 78.7
4 9 5 .5
511.0
5 19 .3
518.1
516 .3
5 07 .3
5 03 .3
4 91 .9
489 . 7
4 76 .9
458.5

14.3
14.1
12.9
12.5
11.7
11.2
12.7
10.9
10.5
10.0
9 .9
10.3

|
|
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|
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28.2
27.8
28.0
27.9
2 7.4
27.3
27.1
27.0
26.7
26.4
26.6
26.6

1
1
|
|
|
|
I
1
|
I
i
|
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451.0
4 33.0
423.7
412 .5
4 0 4 .1
399.7
397 .5
3 93.6
389 .1
384 .5
3 83.6
386 .9

4 .4

|

2 .7
3 .6
3.5
5 .8
4.7
5 .4
7 .9

|
|
1
|
!
|
|

55366.
55593.
56459.
57071.
58135.
59207.
60565.
60628.
61150.
61839.
62557.
63118.

|
|
|
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|
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1
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8.4
9 .5
10.9
9 .7
3.7
7 .8
4 .6
0 .7
-1 .7
-2 .6
-4 .7
-6 .2

I
|
|
|
|
1
|
|
|
|
|
1

63775.
64619.
65883.
66942.
67697.
68435.
68414.
69608.
70215.
70866.
71372.
72056.

57.8
57.2
57.8
57.7
57.2
57.3
57.0
57.3
57.2
56.9
57.6
57.7

|
|
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|
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-7 .9
-9 .8
-9 .2
-9 .1
-9 .2
-8 .8
-8 .4
-5 .3
-4 .8
-4 .5
-1 .6
-1 .5

72886.
73701.
74412.
75288.
75600.
76105.
77136.
77212.
77608.
77932.
78459.
79480.

1
|
|
|
|
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|
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57.8
58.1
58.5
58.7
59.7
60.4
60.7
61.1
61.4
61.7
62.1
6 2.0

|
|
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|
|
|
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|
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|
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|
1

-0 .0
1 .5
1 .1
1 .8
4 .2
5.4
6 .5
6 .6
7 .3
8 .4
7 .7
7 .5

|
|
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1
1
1
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|
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1
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80543.
81622.
83619.
84707.
85983.
86669.
88264.
88970.
89470.
89819.
90369.
90616.

|
|
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1
1
1
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|
|
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1
•

10.5
10.7
12.4
12.5
13.7
1 3.9
14.4
15.2
15.3
15.3
15.2
14.0

|
|
|
1
|
|
|
|
1
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|
|

26.7
26.9
27.4
2 7.5
28.0
28.2
28.6
28.6
28.6
28.5
2 8.4
28.2

|
|
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|
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1
|
|
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|
|
1

3 7 4 .3
376.7
3 78.9
3 8 2 .9
385.3
3 80.1
3 74.8
375.3
380 .7
381 .2
3 81 .5
380 .6

21.5
19.5
14.5
12.0
9 .7
8.6
5.5
5.3
5 .6
7 .0
6 .6
7 .0

|
1
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6 2.0
6 1.8
6 0.9
60.2
60.2
60.2
60.3
60.8
61.0
61.9
6 2.2
62.4

I
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1
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1
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1
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7 .3
6 .4
4 .1
2 .4
0 .9
-0 .2
-0 .6
-0 .5
-0 .6
0 .4
0.3
0 .6

|
|
|
|
1
|
1
|
|
|
|
1

91260.
91648.
92020.
92634.
93400.
94257.
93654.
94125.
95052.
95774.
96112.
96432.

|
|
!
|
|
|
1
|
1
1
1
|

13.3
12.3
10.0
9 .4
8 .6
8 .8
6 .1
5 .8
6 .2
6 .6
6 .4
6 .4

28.0
27.7
27.1
26.6
26.6
26.5
26.1
26.1
26.2
26.4
26.4
26.2

1
|
1
|
I
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|
|
|
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|

3 84 .4
3 83.8
377.3
3 70.4
370 .4
375 .7
3 8 1 .1
3 84.1
385 .7
388.7
3 91.9
386 .4

10.4
12.0
16.5
21.4
24.2
26.3
30.4
32.3
31.8
32.5
34.9

|
|
|
)
|
|

63.7
64.1
65.1
6 6.3
67.4
68.2
6 9.5
70.6
71.1
72.3
72.9

|
|
!
|
|
|
|
|
|
|
|

2 .7
3 .8
7 .0
10.3
11.9
13.1
15.3
16.1
16.5
16.8
17.1

|
|
|
1
|
|
1
|
|
|
|

98104.
98926.
100160.
101973.
103603.
105219.
105956.
107316.
107537.
108619.
110714.

|
|
|
|
|
|
|
|
!
|
|

7 .5
7 .9
8 .8
10.1
10.9
11.6
13.1
14.0
13.1
1 3.4
15.2

1
|
|
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1
|
1
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1
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I
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I

26.9
27.0
2 7.4
28.1
28.6
29.0
2 9.4
2 9.8
2 9.6
3 0.0
30.4

|
I
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1
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|
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I
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3 97 .7
403.2
4 13.2

24.9
27.3
29.5
28.7
26.6
24.6
18.2
15.6
12.9
11.6
8 .7
7 .1

TH E

1
1

(P E RC EN TA G E!
LOANS
|
OUT|
DOLLARS 1 CHANGE
|
( FROM L A S T ! S TA N D IN G * !
YEAR
|
1
1

|
|
I
|
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|
|
|
f
t
1
|
j

1974—J A N . ••|
- F E B . . .1
-M A R ...|
- A P R . . .1
-M A Y ... |
- J U N . . .1
- J U L . . .1
- A U G . . .1
- S E P . . .1
-O C T ...|
- N O V . . .1
- D E C . . .1
j

1 9 7 9 -J A N ..* |
-FEB.. «|
-M A R ..
- A P R . . .1
-M A Y ..* |
— J U N . . •|
— J U L . . •|
— A U G . •.1
- S E P . . .1
— O C T . . .1
-N O V . . • 1

MONTH

AVERAGE S I Z E

46.6
49.5
54.6
58.8
60.4
64.4
6 4.0
61.9
55.9
52.8
47.9
41.6

|
|
|
|
|
|
|
|
1
|
|
1
1

-O C T ...J
-N O V ..,|
- D E C . . .1
i
1

|

1

1
I PERCENTAGE!
CHANGE
|
1 THOUSANDS|
| FROM L A S T !
*
YEAR
|
1
1

1
|
|
|
|
|
1
|
|
|
|
|
1

2 36 8 .9
2465.4
2 5 9 6 .0
2 703.9
2810.7
2911.6
2965.6
3052.9
3073.0
3 1 3 9 .9
3 166.1
316 9 .2

-SE P ...I

NUMBER

AMOUNT
PERCENTAGE CHANGE
FROM PREVIOUS

i

|
|
|
|

P R E C E D IN G

12

M O N TH S

I AVERAGE

OF

E N D -O F -M O N T H

j

D A T A ).

4 26 .3
4 39 .3
451 .5
4 57 .8
4 6 9 .0
4 73 .9
486.2
4 96 .8




14
TA B LE

2 2 3 .1
FE D ER A L LAND BANKS
N EW H O N E Y L O A N E D

1 M IL L I O N S
OF
1
1 DOLLARS
1

*

1
|
1
1

PERCENTAGE CHANGE
FROM PREVIOUS
MONTH

|

YEAR

1973— J A N . ••|
- F E B . . .1
-M A R .. • |
- A P R . . .1
- MAY. . . |
-JU N ...|
- J U L . . .1
—A J G . . . 1
- S E P . . .1
-O C T ...(
-N O V ... |
- D E C . . .1
I
1
1974— J A N . . . |
- F E B . . .1
-MAR •••|
-A P R ... |
-H A Y ... |
- J J N •• .1
- J U L . . .1
- A U G . . .|
- S E P . . .1
— OC T . . • |
-N O V .. . 1
- D E C . . .1

2 47 .0
196 .0
2 68 .6
2 31 .7
239 .1
2 14 .6
1 82 .9
231 .8
184 .4
2 27 .2
2 05 .7
2 1 0 .1

|
1
i
|
1
|
|
1
|
1
|
|
l
1
2 86 .0 1
217 .5 |
2 92 .7 I
2 9 2 .7 |
3 05 .4 |
2 37 .5 |
3 13.7 1
2 8 1 .4 |
2 59.5 |
263 .8 i
2 5 9 .d |
2 79.6 |
|

31.9
-2 0 .6
37.0
-1 3 .7
3 .2
-1 0 .2
-1 4 .0
26.7
-2 0 .5
23.2
-9 .4
2 .1

|
|
|
|
1
|
1
|
|
1
|
1
i
1

89.3
70.5
6 9.4
6 3.0
58.6
66.0
41.5
4 5.9
17.9
42.9
15.0
12.2

36. 1
-2 3 .9
3 4.6
-0 .0
4 .4
-5 .9
9.1
-1 0 .3
-7 .8
1 .7
-1 .5
7 .6

|
|
|
|
I
|
I
|
|
|
1
1
|

15.8
11.0
9 .0
26.3
27.7
3 4.0
71.5
21.4
40.7
16.1
26.3
33.1

1 9 7 5 - J A N . . .1
-F E B ...I
-M A R ...|
-A P R ..-|
- M A Y . . .1
-JU N ...I
- J U L . . .1
- A U G . . .|
- S E P . . .1
- O C T . . .1
- N O V . . .1
- D E C . . .1
i
i

3 34.4
287 .6
3 67.7
3 25 .6
314 .9
3 06.0
270.2
2 41.0
248 .6
2 6 3 .9
2 05 .8
3 12 .0

|
|
|
|
|
|
1
i
|
|
|
|

19.6
-1 4 .0
27.8
-1 1 .4
-3 .3
-2 .8
-1 1 .7
-1 0 .8
3 .2
6 .1
-2 2 .0
51.6

|
|
|
I
i
|
|
1
1
|
|
|
i

16.9
32.2
25.6
11.3
3 .1
6 .5
-1 3 .9
-1 4 .4
-4 .2
0.0
-2 0 .8
11.6

1 976 — J A N . •• |
-F E B .. . |
- M A * . . .1
-A P R * ..|
-M A Y ...|
-JU N ...|
- J U L . . .1
—A U G .. . |
-S E P ...!
-O C T ...|
-N O V ... |
- D E C . . .1
l1
1 9 7 7 - J A N . . •|
-F E B ...I
—M A R .. . t
-A P R ...J
-M A Y ... |
-JU N ...I
- J U L . . .1
-A U G ...I
-S E P ...I
- O C T . . .1
- N O V . . .1
- D E C . . .1

3 25 .0
2 82.5
4 40 .7
347 .3
294 .3
3 2 4 .2
2 98 .3
256.1
2 55 .4
2 47 .6
2 7 8 .7
3 45.5

|
|
|
|
1
|
|
|
|
|
|
|
•

4 .2
-1 3 .1
56.0
-2 1 .2
-1 5 .3
10.2
-8 .0
-1 4 .1
-0 .3
-3 .0
12.6
23.9

-2 .8
-1 .8
19.9
6 .7
-6 .5
5 .9
10.4
6.3
2 .7
-6 .2
35.5
10.7

376 .1
346 .2
5 51 .9
4 0 3 .9
4 05 .0
3 98 .7
3 82 .1
3 09.8
289 .3
2 75 .4
3 24 .3
3 55 .8

|
|
|
|
1
|
|
|
|
|
|
1

8 .9
-8 .0
5 9.4
-2 6 .8
0 .3
-1 .6
-4 .2
-1 8 .9
-6 .6
-4 .8
17.7
9 .7

|
|
|
1
1
|
!
I
1
1
|
|
i
1
|
|
1
|
|
|
I
|
|
1
|
|

1 9 7 8 -JA N ...I
-F E B ...I
- M A R . . .1
- A P R . . .1
- M A Y . . .1
- J U N . . .1
- J U L . . .1
- A U G . . .1
- S E P . . .1
- O C T . . .|
- N O V . . .1
- D E C . . .1
j

4 09.3
343 .7
4 90.7
3 75 .8
4 53 .5
4 42 .3
365 .8
3 84 .5
3 47.9
3 85.3
373 .7
3 85 .6

1
|
|
|
1
|
1
|
|
1
j
|
j

15.0
-1 6 .0
*>2.8
-2 3 .4
20.7
-2 .5
-1 7 .3
5.1
-9 .5
10.7
-3 .0
3 .2

|
|
|
|
|
1
1
1
1
|
|
I

1 9 7 9 -J A N .••|
-F E B ...|
-M A R ...I
- A P R . . .1
-M A Y ... |
- J U N . . .1
- J U L . . .1
-A U G ...|
- S E P . . .1
- O C T . . .1
- N O V . . .1

6 02 .3
4 27 .7
6 50 .8
580 .3
617 .7
5 96 .9
5 19 .7
5 53 .6
4 1 1 .9
5 43.0
532 .4

t
|
|
1
|
|
|
|
|
|
|

56.2
-2 9 .0
52.1
-1 0 .8
6 .4
-3 .4
-1 2 .9
6 .5
-2 5 .6
31.8
-2 .0

1
|
I
|
|
|
|
|
|
|
1

O U T S T A N D IN G

LO AN S

AT

ENO

OF

P R E C E D IN G

AS PERCENTAGE OF
1
1
loans
ILC ANS O U T - |
CLOSED
1 S T A ND IN G* !
1
1
1
1
i
i
i
i

i

i
i
i
|1
i
i
i
i
i
i
i
i
i
i
i
i
1
1
i
i
i
i
i
i
!
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
f
*

I

1
1
1
15.7 1
22.5 1
25.2 1
16.3 i
37.6 1
23.0 1
28.1 1
2 1.0 1
13.3 1
11.2 1
16.3 1
3.0 1
1
i
8 .8 1
-0 .7 1
-1 1 .1 1
-6 .9 1
12.0 1
10.9 1
-4 .3 1
24. 1 1
20.5 1
39.9 1
15.2 1
8.4 1
1
47.2 1
24.4 J
32.6 1
54.4 !
36.2 1
34.9 1
42.1 I
4 4.0 1
18.4 1
40.9 1
42.5 1
M O N TH .

2 .7
2.1
2 .9
2 .4
2 .5
2 .2
1.8
2 .3
1 .8
2.2
1.9
1 .9

|
1
|
|
1
|
I
|
|
1
1
I
1

83.5
81.8
82.5
82.0
82.0
82.2
83.6
81.9
84.9
84.3
84.6
87.1

2.6
2.0
2 .o
2 .6
2 .6
2 .4
2 .6
2 .3
2 .0
2 .0
2 .0
2.1

|
i
|
i
|
|
|
1
|
1
1
1
l

85.8
85.8
85.0
85.2
84.5
84.4
84.4
85.9
84.4
83.3
8 5 .4
83.1

2 .5
2.1
2 .6
2 .3
2 .2
2 .1
1.8
1 .6
1.6
1.7
1.3
2 .0

|
!
|
|
1
1
|
|
|
|
1
|
j

84.0
82.8
83.7
82.1
83.0
82.1
81.6
83.6
80.0
82.6
78.5
83.2

2.0
1.7
2.7
2.1
1.7
1.9
1 .7
1.5
1 .4
1 -4
1 .5
1 .9

1
|
|
1
|
|
|
i
|
|
|
|
1

82.7
81.5
83.5
79.6
80.9
80.0
81.3
79.8
79.0
79.0
79.5
78.9

2.0
1 .9
2 .9
2.1
2 .1
2 .0
1.9
1 .5
1 .4
1 .3
1 .5
1.7

|
|
|
1
1
|
|
1
|
1
|
|

81.1
80.6
81.3
77.5
78.1
78.8
77.6
76.9
76.2
76.8
77.4
79.3

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
!
1
|
|
|
|
|
|
|
1
|
|
I
i
1
i
|
|
|
I
1

81.4
79.4
79.3
7 6.4
79.5
79.0
79.2
80.0
76.5
79.3
79.5
79.8

2 .4
1 .7
2 .6
2 .2
2 .3
2 .2
1.9
2 .0
1.5
1 .9
1 .8

82.0
80.6
81.5
79.2
78.2
79.9
79.0
80.0
78.5
78.6
77.7

15

TABLE 223.3

FEDERAL LAND BANKS
MEM HONEY LOANED
TMELVE-NONTH MOVING TOTAL
1 M IL L IO N S
OF
1
1 DOLLARS
1

AS PERCENTAGE OF

PERCENTAGE CHANGE
FROM PREVIOUS
MONTH

|

YEAR

LOANS OUT-|
STANDING*!

LOANS
CLOSED

1 9 7 3 - J A N . . .1
- F E B * ••1
-M A R ...|
-A P R ...|
- H A Y . ••|
-J U N ...|
—JU L. . . 1
-A U G ...|
- S E P . . .1
- O C T . . .1
- N O V . . .1
- O E C . . .1

1912.4
1 993.4
2 10 3 .5
2193.0
2281.4
2 36 6 .7
2 4 2 0 .3
249 3 .3
252 1 .3
2 58 9 .5
261 6 .4
2 639.2

6 .5
4 .2
5 .5
4 .3
4 .0
3 .7
2 .3
3 .0
1.1
2 .7
1.0
0 .9

|
1
1
1
|
j
|
1
!
|
|
|
1

49.8
52.5
57.5
61.3
62.4
66.2
67.1
64.6
59.5
57.6
52.0
47.0

22.5
23.2
24.1
2 4.8
25.5
26.0
26.2
26.6
26.5
26.8
26.7
26.5

|
1
|
1
!
1
1
1
!
1
|
|

80.7
80.9
81.0
81.1
81.2
81.3
81.6
81.7
82.0
82.5
82.6
83.3

1 9 7 4 - J A N . ••i
- F E B . . .|
- M A R . . .1
-A P R ...|
- H A Y . . .|
- J U N . . .1
- J U L . . .1
- A U G . . .1
- S E P . . .1
- O C T . . .1
-N O V ... I
- D E C . . .1
1
!
197 5 -J A N .« . |
-F E B .v *|
—H A R .. {
- A P R . . •)
-H A Y ...!
-J U N .. .!
- J U L . . .!
- A U G . . .1
- S E P . . .1
-O C T. . .1
- N O V . . .1
- D E C . . .1
|

2678.1
2 69 9 .6
2723.8
2784.8
2851.1
2923.9
3054.7
310 4 .3
3 17 9 .4
3 21 6 .0
3270.1
333 9 .7

1 .5
0 .8
0 .9
2 .2
2 .4
2 .6
4 .5
1 .6
2 .4
1.2

!
1
|
1
|
|
1
I
|
I

1.7

|

2.1

1
1

40.0
35.4
29.5
2 7.0
25.0
23.5
26.2
24.5
26.1
24.2
25.0
26.5

26.5
26.3
26.1
26.3
26.5
26.8
27.5
27.5
27.7
27.6
27.5
27.7

|
|
|
J
|
|
1
1
|
|
|
|

83.5
83.8
84.1
84.4
84.6
84.8
84.8
85.1
85.1
85.0
85.1
84.8

3 3 8 8 .2
3 45 8 .2
3 533.1
3 5 6 6 .1
357 5 .5
3594.1
3 55 0 .6
3510.2
3499.3
349 9 .4
344 5 .3
3 47 7 .6

1 .5
2 .1
2.2
0 .9
0 .3
0 .5
-1 .2
-1 .1
-0 .3
0 .0
-1 .5
0 .9

I
|
I
|
1
|
1
1
1
|
|
i

26.5
28.1
29.7
28.1
25.4
22.9
16.2
13.1
10.1
8 .8
5.4
4 .1

27.6
27.7
27.8
27.6
27.1
26.8
26.1
25.3
24.9
24.5
23.7
23.6

|
J
1
!
|
1
|
1
|
I
|
|
1

84.6
84.4
84.3
84.0
83.8
83.6
83.4
83.2
82.9
82.9
82.4
82.4

1976— J A N . • ■ |
-F E B ...I
- H A R . . .1
-A P R ...|
-H A Y .. • |
- J U N . . .!
- J U L . . .1
- A U G . . .1
- S E P . . .1
-O C T . . . |
-N O V ...|
- D E C . . .1

34o8.2
3 4 6 3 .2
353 6 .2
3 55 7 .9
3 53 7 .3
3 555.5
3583.6
3598.7
3 60 5 .4
3 589.1
3662.1
3 69 5 .6

-0 .3
-0 .1
2.1
0 .6
-0 .6
0 .5
0 .8
0 .4
0 .2
-0 .5
2 .0
0 .9

1
|
i
|
|
j
|
1
|
|
1
|
1

2.4
0 .1
0 .1
-0 .2
-1 .1
-1 .1
0 .9
2.5
3 .0
2 .6
6 .3
6 .3

23.2
22.8
23.0
22.8
22.4
22.2
22.1
21.9
21.7
21.3
21.5
21.5

|
|
i
1
|
|
1
1
|
|
1
|

82.3
82.2
82.2
81.9
81.8
81.6
81.5
81.3
81.2
'•8 0 . 9
81.0
80.6

1 977-J A N .. .|
-F E 8 ...I
- H A R . . .1
-A P R ...I
-N A Y ...!
- J U N . . •|
-J U L ...I
—A U G . . . 1
- S E P . ••|
—O C T . . • |
—N O V . ••1
-D E C ...!
j

3746.6
381 0 .3
392 1 .5
397 8 .0
4088.7
416 3 .2
4 247.1
4300.8
433 4 .7
4362.5
440 8 .0
4418.3

1 .4
1 .7
2 .9
1 .4
2 .8
1 .8
2 .0
1 .3
0 .8
0 .6

|
|
|
|
|
1
|
1
|
!

1.0

|

i
1

21.5
21.6
22.0
22.0
22.3
22.5
22.6
22.6
22.5
2 2.4
22.4
22.1

1
1
J
|
I

0 .2

8 .0
10.0
10.9
11.8
15.6
17-1
18.5
19.5
20.2
21.5
20.4
19.6

80.5
80.4
80.2
80.0
79.7
79.6
79.3
79.1
78.9
78.8
78.6
78.6

1 9 7 8 -J A N .. . 1
-F E B ...I
-H A R ...I
-A P R ...I
- H A Y . . .1
—J U N . . . |
— J U L . . •|
-A U G ...1
- S E P . . •1
-O C T ...!
- N O V . . .1
-D E C ...!
■
1
1979— J A N . . . |
-F E B ...!
-H A R ...|
-4 P R ...I
-H A Y ...|
-JU N ...1
-J U L ...!
-A U G ...I
- S E P . . .1
-O C T ...!
— N O V . . . |1

4451.5
4 44 9 .1
438 7 .9
4 359.9
440 8 .4
4 4 5 2 .0
4 4 3 5 .7
4 510.5
456 9 .1
467 9 .0
4 728.5
4 75 8 .2

0 .8
-0 .1
-1 .4

0 .6

|
|
|
|
i
i
|
1
1
|
1
|

18.8
16.8
11.9
9 .6
7.8
6 .9
4 .4
.4 . 9
5 .4
7 .3
7 .3
7 .7

2 2.0
21.8
21.2
20.8
20.8
20.8
20.5
20.6
20.6
20.9
20.8
20.7

4 .1
1.7
3 .2
3 .9
3 .0
2 .8
2 .7
2 .9
1.1
2 .6
2 .5

|
|
1
|
|
!
|
I
1
|
|

11.2
13.2
18.4
23.9
26.2
28.4
32.4
33.9
33.6
33.9
35.8

21.3
21.4
21.8

•

AVERAGE

-0 .6

1 .1
1 .0
-0 .4
1 .7
1 .3
2 .4
1 .1

495 1 .3
5 0 3 5 .3
5195.4
5399.9
5564.0
5 71 8 .6
587 2 .5
6041.6
610 5 .5
6 26 3 .2
6 62 1 .9

O U T S T A N D IN G




i

LO AN S

D U R IN G

I

TH E

P R E C E D IN G

i

l

|
|

|
1
|
|
1
i
|
|
I
!
1
|

|
|
|
|
|

|

|
|
1

2 2 .4 |
2 2 .8 |
2 3 .1 1
2 3.4 |
23.8 |
23.7 |
23.9 |
2 4 .2 1
12

M O N TH S

78.7

. 78.6

78.3
78.2
78.4
78.4
78.5
78.8
78.8
78.9
79.1
79.1
79.3
79.4
79.6
79.8
79.7
79.7
79.7
79.7
79.8
79.0
79.6
(A V E R A G E

-O F

E N D -O F -M O N T H

D A TA )

16
TABLE 224.1
FEDERAL LAND BANKS
RE F IN A N C IN G ANO REPAYMENTS
R E F IN A N C IN G OF FEDERAL
1 M ILLIONS
1
OF
1 DOLLARS
1

1
|
|
1

PE F.C ENT AGE CHANGE
FROM PREVIOUS
MONTH

|

YEAR

REPAYMENTS

LANO BANK LOANS
AS PERCENTAGE OF
1
1
LOANS
I LOANS O U T - |
CLOSED
| S T A N D IN G * !

I 1M IL L IO N S
OF
1
1 DOLLARS
1

1
|
1
1

PERCENTAGE CHANGE
FROM PREVIOUS
MONTH

|

YEAR

1 AS PER—
I CEN T AGE Of
I LOANS O U T - 1
| S T A N D IN G * !

|
|
!
1
|
|
|
|
|
i
|
|
i

16.5
18.2
17.5
18.0
18.0
17.8
16.4
18.1
15.1
15.7
15.4
12.9

|
1
I
|
|
|
|
!
1
|
|
|
j

1 0 6 .8
60.7
68.3
60.1
59.5
55.9
5 1.4
56.2
44.1
56.0
81.2
83.6

1
|
I
|
|
|
|
1
|
|
|
i
■

5 8.9
-4 3 .2
12.6
-1 2 .0
-1 .0
-6 .0
-8 .1
9 .4
-2 1 .5
26.9
4 5.0
3 .0

|
1
|
1
|
|
1
|
1
|
I
|
j

39.3
28.8
17.9
39.2
28.1
21.3
3 6.3
25.4
13.3
11.2
25.9
2 4.4

1
|
|
|
|
|
|
|
1
1
|
|
j

1 .1 8
0 .6 6
0 .7 3
0 .6 3
0 .6 1
0 .5 6
0.5 1
0 .5 5
0 .4 2
0 .5 3
0 .7 6
0 .7 7

1 9 7 3 - J A N . . .1
-F E B ...I
- M A R . . .1
-A P R ...I
- M A Y . . .1
- J U N . . .1
- J U L . . .1
-A U G ..«|
- S E P . . .1
- O C T . . .1
- N O V . . .1
- D E C . . .1
1
1974— J A N . • • |
-F E B ...I
— M A R .••1
- A P R . . .1
— MAY. . . 1
-J U N ...I
-JU L ...I
- A U G . . .1
- S E P . ••i
-O C T . . . |
-N O V ...I
- D E C . . .1
1
1 9 7 5 -J A N . ••|
-F E B ...I
- M A R . . .1
-A P R ...|
- M A V .••|
-JU N ...|
- J U L . . .1
-A U G ...I
- S E P . ••1
- O C T . . •|
-N O V ...I
-D E C ...|
1
1 97 6 —J A N . • • i
-F E B ...I
— M A R .• • |
- A P R . . .1
- M A Y . . .1
- J U N . . .1
—J U L . . . 1
—A U G .••|
-S E P ...I
-O C T ...I
- N O V . . .1
-D E C ..• |
•

48.7
43.5
57.1
50.9
52.5
46.6
35.8
5 1.2
3 2.7
42.4
37.5
31.2

|
|
|
|
|
I
|
1
|
|
1
1

-4 .2
-1 0 .7
31.2
-1 0 .9
3 .3
-1 1 .3
-2 3 .1
42.7
-3 6 .1
29.8
-1 1 .7
-1 6 .8

1
|
1
|
1
|
1
|
|
|
|
|

40.8
55.0
56.2
5 6.9
54.2
50.1
1.1
39.0
-1 9 .5
-3 .0
-1 .9
-3 8 .7

1
1
1
|
1
1
I
1
1
1
|
|
I

0 .5 4
0 .4 7
0 .6 1
0 .5 3
0 .5 4
0.4 7
0 .3 6
0 .5 0
0 .3 1
0 .4 0
0 .3 5
0 .2 9

47.2
35.9
51.6
50.6
55.9
5 3.0
58.0
46.2
48.0
52.7
44.4
56.9

1
i
I
|
|
|
|
|
|
|
|
|

5 1.6
-2 4 .0
43.8
-2 .0
10.4
-5 .2
9 .5
-2 0 .3
3 .8
9 .8
-1 5 .8
28.1

|
|
|
|
|
|
1
1
|
|
|
|
1

-3 .0
-1 7 .4
-9 .5
-0 .4
6 .4
13.6
61.8
-9 .6
46.8
24.2
18.*
82.5

1
|
|
|
|
|
|
1
|
|
|
|
•

0 .43
0.3 2
0 .4 6
0 .4 4
0 .4 8
0.4 4
0 .48
0.3 7
0 .3 8
0.41
0 .3 4
0 .43

1
|
|
|
|
|
|
|
|
|
|
|
i

14.2
14.2
15.0
14.8
15.5
15.6
15.6
14.1
15.6
16.7
14.6
16.9

|
|
!
|
i
|
1
I
|
|
|
|
|

128.5
73.6
74.6
6 6.7
57.7
5 1.4
5 6.9
54.3
4 3.2
65.8
65.9
91.9

|
|
|
|
|
|
|
1
|
|
|
|
i

53.6
-4 2 .7
1 .3
-1 0 .6
-1 3 .5
-1 0 .9
10.7
-4 .5
-2 0 .5
52.2
0 .2
39.4

1
|
1
1
|
|
|
|
|
|
1
|
■

2 0.2
21.3
9 .2
11.0
-3 .0
-8 .1
10.8
-3 .3
-2 .0
17.5
-1 8 .8
9 .8

|
|
|
|
|
|
|
|
|
|
|
1
1

1 .1 7
0 .6 6
0 .6 6
0 .5 8
0 .4 9
0 .4 3
0 .4 7
0 .4 4
0 .3 4
0 .5 1
0 .5 0
0 .6 9

63.5
59.5
7 1.7
71.1
64.3
6 6.5
60.7
47.4
62.0
55.7
56.5
62.9

|
|
|
1
1
1
|
|
|
|
1
|

11.7
-6 .3
2 0.4
-0 .7
-9 .6
3 .5
-8 .7
-2 2 .0
30.9
-1 0 .2
1 .4
11.3

|
1
|
j
|
|
|
|
|
|
|
1

34.5
65.8
3 8.7
40.5
15.0
25.6
4 .8
2 .5
29.2
5 .7
27.2
10.5

|
|
|
|
1
!
|
1
1
|
1
I
1

0 .4 7
0.4 4
0 .52
0 .5 0
0 .45
0.4 5
0.4 1
0.3 1
0 .4 0
0 .3 6
0 .36
0 .4 0

|
|
|
1
|
|
|
|
|
|
|
|
•

16.0
17.2
16.3
17.9
17.0
17.9
18.4
16.4
2 0.0
17.4
21.5
16.8

|
1
|
|
|
|
|
|
|
|
1
|
•

134.7
6 4.0
6 8.2
63.8
63.0
60.6
6 3.7
53.2
63.3
70.1
80.3
1 35.4

|
|
|
|
|
|
|
|
|
1
1
|
i

4 6.6
-5 2 .5
6 .5
-6 .4
-1 .2
-3 .7
5.1
-1 6 .4
18.9
10.7
14.6
6 8.6

|
|
|
|
1
|
1
1
|
1
|
I
|

4 .8
-1 3 .0
-8 .6
-4 .4
9 .1
17.9
11.9
-2 .1
46.4
6 .6
2 1.8
47.4

|
|
|
|
1
I
|
|
I
|
I
|
j

1 .0 0
0 .4 7
0 .4 9
0 .4 5
0 .4 4
0 .41
0 .4 3
0 .3 5
0 .4 1
0 .4 5
0.5 1
0 .8 5

i

8 .0
-5 .2
3 5.2
2 .5
-2 2 .1
16.5
-1 4 .9
-6 .1
5 .0
-2 .7
8 .8
2 8.3

6 .9
8 .0
2 1.3
2 5.3
8 .0
2 1.5
13.3
3 6.4
9.5
18.5
27.2
46.6

|
1
|
|
1
1
|
|
|
|
1
|

0 .4 2
0 .4 0
0.5 3
0 .5 3
0 .4 1
0 .47
0 .4 0
0 .3 7
0 .3 8
0 .3 7
0 .4 0
0 .5 0

|
1
|
|
|
|
|
|
|
|
|
|
j

17.3
18.5
16.5
2 0.4
19.1
20.0
18.7
20.2
21.0
21.0
20.5
21.1

|
|
|
|
|
|
I
|
|
1
|
1
•

149 .0
102.8
1 10 .4
101.0
8 1.0
80.5
78.8
72.6
7 9.3
82.2
1 0 6 .2
1 41.5

|
|
|
|
|
|
1
|
|
|
!
|

10.0
-3 1 .0
7 .4
-8 .5
-1 9 .8
-0 .5
-2 .2
-7 .9
9 .3
3 .6
29.2
3 3.3

1
|
|
1
1
|
1
|
|
1
1
|
j

10.6
60.6
61.9
58.3
28.6
32.9
23.7
3 6.4
25.4
17.2
32.2
4 .5

|
|
|
|
1
|
|
|
|
|
1
1
•

0 .9 3
0 .6 4
0 .6 7
0 .6 0
0 .4 8
0 .4 7
0 .4 5
0 .4 1
0 .4 5
0 .4 6
0 .5 9
0 .77

1 9 7 7 -J A N .••|
-F E B ...I
- M A R . •• |
— A P R . •• |
-M A Y ... |
-JU N ...I
- J U L . . .1
-A U G ...!
-S E P ...I
- O C T . . .1
- N O V . . .1
- D E C . . .1
|

87.6
83.3
1 27.1
117 .4
113 .3
1 07 .3
1 10.1
93.1
9 0.5
83.2
94.6
93.1

|
|
|
|
1
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
1

29.1
29.5
46.2
31.8
63.2
32.8
60.0
44.1
33.3
26.1
31.7
1.1

|
|
|
1
1
|
I
|
|
|
|
1
1
1

0 .4 7
0 .4 5
0 .6 7
0.61
0 .5 8
0 .5 4
0 .55
0 .4 6
0 .4 4
0 .40
0 .4 5
0 .4 4

|
|
|
|
|
|
|
i
|
I
|
|
I
1

18.9
19.4
18.7
22.5
2 1.9
21.2
22.4
23.1
23.8
23.2
2 2.6
2 0.7

|
I
i
|
|
|
|
|
!
|
|
!

2 07 .6
117 .0
142 .9
1 09 .6
113 .3
1 25.3
131.5
92.6
73.5
92.1
123 .1
1 *7 .7

1
|
!
|
|
|
|
1
1
1
|
|
j

46.7
-4 3 .6
22.1
-2 3 .3
3 .3
1 0.6
5 .0
-2 9 .6
-2 0 .5
25.3
33.6
20.0

|
|
|
!
|
|
1
|
1
1
1
!
1

3 9.3
13.8
2 9.5
8 .6
3 9.9
55.6
67.0
27.6
-7 .3
12.1
15.9
4 .4

|
|
|
|
i
|
1
|
|
1
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
0 .3 6
0 .4 4
0 .5 8
0 .6 9

197 8— J A N . . • |
-F E B ...I
- M A R . . .|
— AP R .• • |
- M A Y . . .|
-JU N ...|
- J U L . . •|
— A U G .• • |
-S E P ...I
- O C T . . .1
-N O V ... |
-O E C ...I

93.4
89.3
128 .2
1 16 .2
117 .2
117 .4
96.1
96.1
107 .0
1 00 .6
96.6
97.5

|
|
|

6 .6
7 .2
0 .9

|
|
|

|
|
|

2 03 .4
120 .2
1 5 2 .3
1 29 .2
1 27 .6
1 18 .3
1 01 .9
1 0 1 .5
86.8
1 1 3 .1
1 23 .9
178.3

|
1
|
1
|
|

3 7.8
-4 0 .9
2 6.7
-1 5 .2
-1 .3
-7 .2
-1 3 .9
-0 .4
-1 4 .4
30.2
9 .6
43.9

1
|
|
1
|
1

-2 .0
2 .7
6 .6
17.9
12.6
-5 .6
-2 2 .5
9 .7
18.1
22.7
0 .6
20.7

|
|
|

|
|

18.6
20.6
20.7
23.6
20.5
21.0
20.8
2 0.0
23.5
20.7
20.5
20.2

i
|
|

-1 .0

0 .4 4
0.41
0 .5 9
0 .5 2
0 .5 2
0 .51
0 .4 2
0.4 1
0 .45

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 .73

I 9 7 9 -J A N .•. 1
-F E B ...I
- M A R . . .1
- A P R . . .1
-M A Y ...!
- J U N . . .|
- J U L . . .1
- A U G . . .1
- S E P . ••1
-O C T . . . |
-N O V ...I

1 3 2 .1
102.9
1 4 8 .1
1 52 .7
1 72.6
1 50 .6
1 37 .8
1 38 .2
1 12.7
1 47.8
152.4

i

6 7.9
6 4.3
86.9
89.1
6 9.4
80.8
68.8
6 4.6
67.9
6 6.0
7 1.8
92.1

• O U T S T A N D IN G LOANS A T

1
|
|
|
1
|
|
|
|
|
|
j
|
1
|
|
1
|
|
|
|
1
|
|
j
|
1
1
1
1
|
|
|
|

1
|

1

-4 .9
-4 .9
52.6
-7 .6
-3 .5
-5 .3
2 .6
-1 5 .4
-2 .8
-8 .0
13.7
-1 .5
0 .3
-4 .4
4 3.6
-9 .4

0.1

|
|
!
|
|

11.3
-6 .0
-4 .0
1.0

I
|
|
|

35.5
-2 2 .1
43.8
3 .1
13.0
-1 2 .7

|
|

0.8
0.2

-1 8 .2

|

|
|
|
|
|
|
|
|
|
|

|

j

i

-8.5

0 .3
-1 8 .5
31.1
3 .1

|
1
|
|
|

|
|
|

1

3 .5
9 .4
-1 2 .7
3 .3
18.2
20.8
2 .1
4 .7
41.4
15.3
15.5
3 1.4
47.2
2 8.3
43.5
43.7
5 .3
47.0
5 7.8

|
1
1
1
|
!

|
j

!

1
|

|
|

|
1
|
!

1
|

0.42

0 .4 0
0 .4 0
0 .5 4
0 .4 1
0 .58
0 .5 9
0 .6 6
0 .5 6
0 .5 1
0 .5 0
0 .4 0
0 .5 2
0 .5 3

|
|

|
|

|
|
|
}
|
■
|

|
|

|
I
|

I
|

1
|
1

18.0
19.4
18.5
2 0.8
21.8
20.1
21.0
2 0.0
21.5
21.4
22.3

j

!

i
|
I
|
|

|
|

|
|

t
!
|
|

|
|

I
|

|
|

|
|
|
|
|
|

2 17 .4 |
1 23 .0 |
1 5 7 .7 |
1 37.1 |
1 3 0 .8 |
1 1 6 .8 I
123 .0 |
1 08.1 |
84.9 |
114 .4 |
1 32 .6 |

2 1.9
-4 3 .4
28.3
-1 3 .1
-4 .6
-1 0 .7

|

|
|

1
1
|

•
|

|
1
|
|

|

3.3

|

-1 2 .1
-2 1 .5
34.8
15.9

|

1
|
|

END OF PR ECE DI NG MONTH.

" R E F I N A N C I N G OF FEOERAL LAND BANK LO A NS " I S COMPUTED AS LOANS CLOSEO L ES S NEM MONEY LOANEO.
" R E P A Y M E N TS " ARE COMPUTED AS NEW MONEY LOANED L ES S THE CHANGE IN LOANS O U T S T A N D IN G .




6 .9
2 .3
3 .5
6 .1
2 .5
-1 .3
20.7
6 .5
-2 .3
1.2
7 .0

■

|

|
1
|
|
|

|
|
I

I
1
|

t
|
|
|

1
|
|
|
|
|

0.8 8
0 .4 9
0.62
0 .5 3
0 .5 0
0.44
0.45
0.3 9
0.3 0
0 .4 0
0 .4 6

TABLE 224.3

FEDERAL LANO BANKS
REFINANCING ANO REPAYMENTS
TWELVE-MONTH MOVING TOTAL

REPAYMENTS

REFINANCING OF FEDERAL LANO BANK LOANS
1
1

MILLIONS 1
OF
DOLLARS

1
19 7 3 - J A N . •• |
-F E B ...I
- M A R . . .1

-A P R ...1
- M A Y . . .1
- J U N . . .!
- J U L . . .1
- A U G . . .1
-S E P ...I
- O C T . . .|
— N C V . •.1
-O E C ...I
I
1
1 9 7 4 -JA N ..
-F E B ...I
M A R ... I
- A P R . . .1
- < A Y .. . i
-J U N .. . |
- J U L . . ,|
- A U G . . .1
- S E P . . .1
- O C T . . .1
-N O V ...|
- D E C . . .1
•
1
1975— J A N . • . (
-F C 3 ...J
-M A R ...|
-A P R ...|
-M A Y ...|
- J U N . . .1
- J U L . . .1
—A U G .. . 1
-S E P ...|
-O C T . . . |
- N O V . . .1
- D E C . . .1
1 976-J A N .. . i
-F E B ...I

-M A R ...1
— APR. •• |
-M A Y ...1
-J U N ...|
- J U L . . .1

-A U G ...!
- S E P . . .1

-O C T ...J
- N O V . . .1

- D E C . . .1
1977-J A N . . . 1
-F E 8 ...I
-M A R ... |
-A P R ...!
-M A Y ...1
-J U N .. . |
- J U L . . .1
-A U G .. . !
- S E P . . .1
-O C T ... |
-N O V ...!
-O E C ...I
|
1978— JA N .••|
-F E B ...I
—M AR ..•|
-A P R . . . !
-M A Y ...I
-J U N ... |
- J U L . . .1
—AUG...1
-S E P ...I
—O C T ...1
-N O V ...1
-O E C ...1
1 9 7 9 - J A N .«.|

-P E B ...!
-M A R ... {
-A P R ...!
-N A Y ...(
-J U N ...!
—J U L .•. |
-A U G ...I
-S E P ...!
-O C T ...!
—N O V ...1

!
|
!

CHANGE
FROM PREVIOUS

percentage

MONTH

|

YEAR

456.5 1
4 7 1 .9 |
4 92 .5 1
510 .9 1
5 29.4 1
544 .9 |
545.3 t
5 59 .7 |
5 51.7 |
5 50 .4 1
5 49 .7 I
5 30 .0 1

3 .2
3 .4
4 .4
3 .7
3 .6
2 .9
0.1
2 .6
-1 .4
-0 .2
-0 .1
-3 .6

|
i
|
|
f
|
1
!
1
|
|
|

34.7
37.8
43.1
4 9.0
52.4
57.0
51.5
51.0
41.3
33.6
30.8
19.8

528 .6
521 .0
5 15 .6
5 15.3
5 18.7
525 .1
5 4 7 .2
5 4 2 .3
557.6
567 .8
574 .8
6 0 G .5

1
|
I
!
|
|
l
1
1
!
|
!

-0 .3
-1 .4
-1 .0
-0 .0
0 .7
1.2
4 .2
-0 .9
2 .8
1.8
1 .2
4 .5

!
|
1
|
|
1
1
|
1
|
1
1

15.8
10.4
4 .7
0.9
-2 .0
-3 .7
0.3
-3 .1
1 .1
3 .2
4 .6
13.3

6 16 .7
6 40.4
6 6 0 .4
68Q.9
6 89.2
702.8
7 05.6
7 0 6 .7
720.8
7 23 .7
7 35 .8
7 41 .8

|
|
|
|
1
I
I
|
|
|
|
I

2 .7
3 .8
3.1
3 .1
1.2
2 .0
0 .4
0 .2
2 .0
0 .4
1.7
0 .8

1
|
!
i
!
|
|
|
|
|
|
|
j

16.7
2 2.9
28.1
32.1
32.9
33.9
28.9
30.3
29.3
27.5
28.0
23.5

746 .2
751 .0
766.3
784.2
7 89.3
803 .6
8 11 .7
828 .9
834 .8
8 4 5 .1
8 60.5
8 89 .7

|
|
|
|
!
|
|
|

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
|

21.0
17.3
16.0
15.2
14.5
14.3
15.0
17.3
15.8
16.8
16.9
19.9

9 09.5
9 28 .5
968 .6
9 97 .0
1040.9
106 7 .3
1 10 8 .6
1137.1
115 9 .7
1176.9
119 9 .7
1200.7

|
|

2 .2
2 .1
4 .3
2 .9
4 .4
2 .5
3 .9
2 .6
2 .0
1 .3
1 .9

1
1

1206.5
1212.5
1 21 3 .6
1212.4
1 21 6 .3
1 22 6 .4
1212.4
1215.4
123 1 .9
1249.2
1251.2
1255.5
1 29 4 .3
1307.9
1 32 7 .8
1 364.2
1419.6
1452.8

|
i

|
|

1

!
(
i
1

|
|
|
|

|
|
|
i
|
|
|
1

|
|
1
1
|

|
j

0.1 |

(
|

0 .5
0 .5
0 .1

|
I
1

-0 .1

|
|

t
|
1

|
|
(
(
I

|
|
j

|
1
i

!
|

1494.5
1536.6
1542.3
1589.5

|
1
|
!
1

1 6 4 5 .4

|

I

0 .3
0 .8
-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
2 .8
0 .4
3 .1
3 .5

1
1

|
|
|

!
1
1
1

!
|
|
|
{
|
|
|
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
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
12.5
16.7
18.5
23.3
2 6.4
25.2
27.2
31.5

AS PERCENTAGE OF
1
1
LOANS
(LOANS O J T - !
CLOSED
( ST AN01NG*!
(
1
1
(
1
1
(
*
1
1
1
I
1
1
!
1
1
i
1
!
1
1
1

1
!

1

a
i
i
t
i
i
I
i
i
i
i
i
i
i
1
1

l
l
i

i
i

i
i
i
1

(
1
1
1
1
1
1
1
1
1
1

!
1
1
1

!

1
1

1
1
1
1
1
1

»
1
i

1
1
1

I1

1

*
I
1
1
1
!

(
!
1
1

)
1
|

MILLIONS 1
OF
1
OOLLARS 1

1

1

5 .4
5.5
5.7
5 .8
5 .9
6 .0
5 .9
6 .0
5 .8
5 .7
5 .6
5 .3

|
1
1
|
!
1
I
|
1
|
|
1
i

19.3
19.1
19.0
18.9
18.8
18.7
18.4
18.3
18.0
17.5
17.4
16.7

I
|
1
|
1
|
|
!
1
!
|
|
i

6 51 .1
6 64 .7
675.1
6 92.0
705 .0
7 14.9
7 28 .6
739 .9
745.1
7 5 0 .7
7 67.4
783 .8

5.2
5.1
4 .9
4 .9
4 .8
4 .8
4 .9
4 .8
4 .9
4 .9
4 .8
5 .0

!
1
|
!
1
|
|
I
{
|
1
1
•

16.5
16.2
15.9
15.6
15.4
15.2
15.2
14.9
14.9
15.0
14.9
15.2

|
|
|
1
|
1
1
f
1
1
1
|
|

805.4
8 18 .3
8 24 .6
8 31 .2
829 .4
824.9
830 .5
828 .6
*27.7
8 37 .5
8 22 .2
830.5

5 .0
5.1
5.2
5 .3
5 .2
5 .2
5.2
5 .1
5.1
5 .1
5 .1
5 .0

1
I
|
|
|
|
|
1
1
I
1
|
•

15.4
15.6
15.7
16.0
16.2
16.4
16.6
16.8
17.1
17.1
17.6
17.6

|
|
1
|
1
|
|
1
|
|
1
(
1

8 3 6 .7
827 .1
8 20 .7
8 1 7 .8
8 23 .1
8 3 2 .3
8 39 .0
8 3 7 .9
8 58 .0
8 62.3
876.7
9 20 .2

5 .0
5 .0
5 .0
5.0
5 .0
5 .0
5 .0
5 .1
5 .0
5 .0
5.1
5 .2

1
|
1
|
|
1
|
1

17.7
17.8
17.8
18.1
18.2
18.4
18.5
18.7
18.8
19.1
19.0
19.4

|
(
|
t
I
I
1

9 34.5
973.3
1 015.5
1 0 5 2 .7
1070.7
109 0 .6
1 10 5 .7
112 5 .0
1141.1
1 1 5 3 .2
1 1 7 9 .0
118 5 .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

1
I
|
1

19.5
19.6
19.8
20.0
20.3
20.4
20.7
2 0.9
21.1
21.2
21.4
2 1.4

1
i

6 .0
5 .9
5 .9
5 .8
5 .7
5 .7
5 .6
5 .5
5 .6
5 .6
5 .5
5 .5

|
|
|
|

* 21 .3
21.4
21.7
21.8
2 1.6
21.6
21.5
21.2
21.2
21.1
20.9
20.9

|
1
1
1

5 .6
5 .6
5 .6
5 .7
5 .8
5 .9
6 .0
6 .0
6 .0
6 .1
6 .2

!
!

2 0.7
20.6
20.4
2 0.2
2 0.3
2 0.3
2 0.3
20.3

1

|
|

|
1

i

|
1
|

|
!
|

|
|

i

|
I

|
1
(

|
!
(
j

1
|

|
|
|
|

|
|

!
I

|

|
1

|
|
|

(
!
1
|

|
l

|
!
1
1
1
1
1

{
|
|
1

|
(
!
|
20.2 t

|
|

20.2 |

|

20.4

|

1 24 3 .8
1258.0
1290.5
129 9 .2
1331.4
1 37 6 .2
1429.0
1449.0
1 44 3 .2
1453.1
1 4 7 0 .1
1476.2

1570.5
1 5 7 3 .2
1 578.6
1586.6
1589.8
1588.3
1609.4
1 61 6 .0
1614.0
1 61 5 .3
1*23.9

NONTH

|
|
I
|
t
|
I
|
|
|
!
|
I
j

26.2
2 6.4
24.3
26.4
24.9
23.8
25.3
24.8
2 4.4
22.8
23.9
26.2

7 .7
7.7
7 .7
7 .8
7 .9
7 .9
7 .9
7 .9
7 .8
7 .8
7 .8
7 .9

2 .8
1 .6
0 .8
0 .8
-0 .2
-0 .5
0 .7
-0 .2
-0 .1
1 .2
-1 .8
1.0

I
!
!
|
|
»
|
1
|
1
|
(
1

23.7
23.1
22.2
20.1
17.6
15.4
14.0
12.0
11.1
11.6
7 .1
6 .0

8 .0
8 .0
7 .9
7 .8
7 .7
7 .6
7 .5
7 .3
7 .2
7.2
6 .9
6 .9

|
1
|
1
1
I
|
|
I
1
|
1
i

0 .8
-1 .1
-0 .8
-0 .4
0 .6
1 .1
0 .8
-0 .1
2 .4
0 .5
1 -7
5 .0

|
1
|
|
|
1
|
|
I
|
|
|
j

3 .9
1 .1
-0 .5
-1 .6
-0 .8
0 .9
1 .0
1.1
3 .7
3 .0
6 .6
10.8

6 .8
6 .6
6 .5
6 .3
6 .2
6 .2
6 .2
6 .0
6 .1
6.0
6 .0
6 .2

|
|
1
|
i
1
I

1 .6
4 .1
4 .3
3 .7
1 .7
1 .9
1 .4
1 .7
1 .4
1.1
2 .2
0 .5

|
|
|
|
|
|
|
1

11.7
17.7
23.7
28.7
30.1
31.0
31.8
34.3
33.0
33.7
34.5
28.8

6 .3
6 .4
6 .6
6 .8
6 .8
6 .8
6 .8
6. 9
6 .9
6 .9

4 .9
1 .1
2 .6
0 .7
2 .5
3 .4
3 .8
1 .4
-0 .4
0 .7
1 .2
0 .4

|

33.1
29.3
27.1
23.4
24.4
26.2
29.2
28.8
26.5
26.0
24.7
24.6

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
5 .4

7 .3
7 .2
7 .2
7 .2
7 .2
7 .1
6 .8
6 .8
6 .8
6 .8
6 .7
6 .8

|
!

6 .7
6 .6
6 .3
5 .5
4 .7
5.1
8 .6
8 .4
7.3

|
|

6 .4

6 .8
6 .7
6 .6
6 .6
6 .5
6 .4
6 .4
6 .4
6 .3
6 .2
6 .1

|
|
)
|
1
j

|
|
I

|
|
1
|
1
t
1

|
1

I
1

|
|
|
1
I

|
1
|

|
•
1
I

(
|
!
1

|
1

|
(
|

-0 .3
0 .2
0 .6
1 .3

1.0
-0 .5
-2 .0
0 .6
0 .9
1 .4

|
1

|
!
1

1

(
I

|
|
1
|
I

(
1
|

I
|
1
1

|
|
|
|
1

|
|
|
2 .0 |
|
0 .9 |
0 .2 !
0 .3 |
0 .5 |
0.1

0 .2
-0 .1
1 .3
0 .4
-0 .1
0 .1
0 .5

I

(
i

4 AVERAGE OUTSTANDING LOANS OURING THE PRECEDING 12 MONTHS (AVERAGE OF END-OF—MONTH D A TA }.
"REFINANCING OF FEOERAL LANO BANK LOANS* IS CONPUTEO AS LOANS CLOSED LESS NEW MONEY LOANED.
•REPAYMENTS* ARE COMPUTED AS NEW MONEY LOANED LESS THE CHANGE IN LOANS OUTSTANDING.




YEAR

AS PER1CENTAGE OF
(LOANS OUTSTANDING*

4 .9
2 .1
1 .6
2 .5
1 .9
1*4
1 .9
1.6
0 .7
0 .8
2 .2
2.1

1
1
|
i
|
1
1
|
1
|
|
|
i
|
1
|
1
!
i
|
|
1
1
1
|
i

i
147 2 .0 |

1 47 5 .3
1484.7
1504.3
1 51 8 .6
1 51 1 .6
1 48 2 .0
1490.9
150 4 .2
1 525.1
1525.9
1556.5

PERCENTAGE CHANGE
FROM PREVIOUS

5 .9

6 .9
6 .9




18
A G R IC U L TU R A L F IN A N C E DATABOOK— NONTMLY S E R I E S

230

LIFE

231

FARM MORTGAGES O U T S TA ND IN G
A C T U A L .........................................................................................................

19

FARM MORTGAGES ACQUIRED

2 32 .1
2 32 .3

233

1979

INSURANCE COMPANIES

2 31.1

232

DECEMBER

A C T U A L .............................................................................................................................................................. 20
1 2-M ON TH MOVING T O T A L ........................................................................................................................21

FARM MORTGAGE COMMITMENTS O U T S T A N D IN G

2 33.1

SOURCES:

A C T U A L ...............................................................................................................................................................22

F IG U R ES ON FARM MORTGAGES OU TS TA N D IN G ANO ACQUIRED ARE DAAWN FROM
" D I S T R I B U T I O N OF IN V ES T M EN T S 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 UR ES ON FARM MORTGAGE COMMITMENTS O U TS TA ND IN G ARE DRAWN FROM
"FORWARD IN V ES TM EN T COMMITMENTS OF RE PO RTI NG L I F E INSURANCE
C O M P A N IE S .” AMERICAN C O U N CI L OF L I F E INSU RA NC E.

TABLE 231.1

19
L I F E INSURANCE C0NPAN1ES
FARM MORTGAGES OU T S TA ND IN G
END OF MONTH
1
1
1
1
1

1 9 7 3 - J A N . . .1
-F E B ...I
- M A R . . .1
-A P R ...|
-M A Y ...|
-J U N ...|
-J U L ... |
- A U G . . .1
— S E P . ••1
-O C T ...|
- N O V . . .1
-D E C ...J
l
1
1974—J A N . . .|
-F E B ...1
- M A R . . .1
- A P R . . .1
-M A Y ... |
-JU N ...|
- J U L . . .1
-A U G ...I
-S E P ...I
- O C T . . .1
- N O V . . .1
- D E C . . .1
j

M IL L I O N S OF OOLLARS

1
!
i CHANGE FROM PREVIOUS 1
I
1
MONTH
|
YEAR
|
1

AMOUNT

PERC ENTAGE CHANGE
FROM PREVIOUS
MONTH

|
1

YEAR

5632.
5626.
5643.
5654.
5688.
5737.
5769.
5828.
5867.
5907.
5939.
5996.

|
|
|
|
i
1
|
|
1
I
|
|
j

-4 6 .
-6 .
17.
11.
34.
49.
32.
59.
39.
40.
32.
57.

|
1
|
1
|
|
|
|
|
|
|
|
i

86.
103.
108.
107.
132.
155.
172.
209.
250.
280.
301.
318.

|
1
|
|
|
|
1
|
|
|
|
|
j

-0 .8
-0 .1
0 .3
0 .2
0 .6
0 .9
0.6
1 .0
0 .7
0 .7
0 .5
1.0

|
|
|
|
|
|
|
|
1
|
|
|

1 «6
1.9
2 .0
1.9
2 .4
2.8
3.1
3 .7
4 .5
5.0
5 .3
5 .6

5966.
5965.
5999.
6035.
6074.
6128.
6188.
6222.
6247.
6280.
6292.
6327.

|
|
|
|
|
1
|
|
|
|
|
|
j

-3 0 .
-1 .
34.
36.
39.
54.
60.
34.
25.
33.
12.
35.

|
1
|
|
|
|
|
|
|
|
1
|
l

334.
339.
356.
381.
386.
391.
419.
394.
380.
373.
353.
331.

|
|
|
|
|
|
|
|
|
|
|
|
j

-0 .5
-0 .0
0 .6
0 .6
0 .6
0 .9
1 .0
0 .5
0 .4
0 .5
0 .2
0 .6

|
|
|
|
|
|
|
|
|
1
|
|
j

5 .9
6 .0
6 .3
6 .7
6 .8
6 .8
7 .3
6 .8
6 .5
6 .3
5 .9
5 .5

1975— J A N . ••|
-F E B ...I
- mar. . . r
- A P R . . .1
-M A Y ... |
-JU N ...|
- J U L . • •|
- A U G . . .1
- S E P . . .1
-O C T ...|
-N O V .. • |
- D E C . . .1
j

6300.
6394.
6428.
6504.
6543.
6573.
6584.
6606.
6631.
6661.
6679.
6753.

|
|
1
|
|
1
|
|
|
|
|
|
j

-2 7 .
94.
34.
76.
39.
30.
11.
22.
25.
30.
1 8.
74.

|
|
|
|
|
|
1
|
1
1
|
|

334.
429.
429.
469.
469.
445.
396.
384.
384.
381.
387.
426.

|
|
|
|
|
|
|
|
|
|
|
|

-0 .4
1.5
0 .5
1.2
0 .6
0 .5
0 .2
0 .3
0 .4
0 .5
0 .3
1.1

|
|
|
|
1
|
1
|
|
|
|
1

5.6
7 .2
7 .2
7.8
7 .7
7.3
6 .4
6 .2
6.1
6.1
6 .2
6 .7

1 9 7 6 -J A N .••|
-F E B ...I
- M A R . . .1
-A P R ...|
.|
- J U N . . .1
-JU L ...|
- A U G . . .1
-S E P ..• |
- O C T . . •|
-N O V ..
— DEC
j

6731.
6769.
6815.
6876.
6946.
7005.
7072.
7127.
7184.
7219.
7291.
7425.

|
|
1
|
|
|
1
|
|
|
|
1

-2 2 .
38.
46.
61.
70.
59.
67.
55.
57.
35.
72.
134.

1
|
|
|
|
t
1
t
|
!

431.
375.
387.
372.
403.
432.
488.
521.
553.
558.
612.
672.

|
|
|
|
|
I
1
|
1
1
1

-0 .3
0 .6
0 .7
0 .9
1.0
0 .8
1 .0
0 .8
0 .8
0 .5
1 .0
1.8

|
1
|
|
|
|
|
|
|
|

6 .8
5 .9
6 .0
5 .7
6 .2
6 .6
7 .4
7 .9
8 .3
8 .4
9.2
10.0

-F E B ...I
- M A R . . .1
- A P R . . .1
- M A Y . . .1
JUN.
J
- J U L . . .1
- A U G . . .1
-S E P ...I
-O C T ..
—N O V . . •1
- D E C . . .1

7434.
7510.
7640.
7814.
7924.
8139.
8235.
8330.
8475.
8570.
8649.
8842.

|
1

9.
76.
130.
174.
110.
215.
96.
95.
145.
95.
79.
193.

1978— J A N . ••
- F E B . . .1
M A R ..•
-A P R ..
- M A Y . ••
— J U N . •.1
-J U L ..•
- A U G . . .1
-S E P ...I
-O C T ..
-N O V ..•
- D E C . . .1

8891.
9001.
9205.
9386.
9523.
9712.
9828.
9965.
10116.
10276.
10366.
10499.

-S E P ...|
-O C T ...|

10515.
10679.
10922.
11083.
11255.
11477.
11571..
11726.
11864
11996.

- MAY. .

.|
...|
1 97 7 -J A N .. . |
—

.•

«|

—

j
|
|
.|
|
|

.|
|
■
1 9 7 9 - J A N . •• |
-F E B ...I
- M A R . . .|
- A P R . ..|
- N A Y . ..|
-J U N ...I
—J U L . . .|
- A U G . •.1




■

|

I
|
1

|
|
|

|

|
|
j
|

|
|
|
1
|
|
1
|
|
|
|
j
1

|
|
|
1
|
|
|
. |
|

49.
110.
204.
181.
137.
189.
116.
137.
151.
160.
90.
133.
16.
164.
243.
161.
172.
222.
94.
155.
138.
132.

|
|l
1
1

|
|
|
|

|
|
|

|
|
|
1
1

|

|
|
|
|
|
|
|
1
|
1
|
|
|
|
|
|
1
|
|
|
|

703.
741.
825.
938.
978.
1134.
1163.
1203.
1291.
1351.
1358.
1417.
1457.
1491.
1565.
1572.
1599.
1573.
1593.
1635.
1641.
1706.
1717.
1657.
1624.
1678.
1717.
1697.
1732.
1765.
1743.
1761.
1748
1720.

.

|j
|
|
|
1
1

|
|

|
|

|
|
|
■
|

|
|
|
|
1
|
1
|

|
|j
|

|

|
|
|
1
|
1
|
|
|

0.1
1 .0
1 .7
2 .3
1 .4
2.7
1.2
1.2
1 .7
1 .1
0 .9
2 .2
0 .6
1 .2
2 .3
2 .0
1 .5
2 .0
1 .2
1 .4
1 .5
1 .6
0 .9
1 .3
0 .2
1 .6
2 .3
1 .5
1 .6
2 .0
0 .8
1.3
1.2
1 .1

|
|
■
|

1
|

|
|
|
1
1

|
1
|
1
1
|

|
1
|
|
|
|
|
1
|
|

|
1

|
|
|
1
|
|
|
|
1

1 Q .4
10.9
12.1
13.6
1 4. 1
16.2
16.4
16.9
18.0
18.7
18.6
19.1

•1 9 . 6
19.9
20.5
20.1
20.2
19.3
19.3
19.6
19.4
19.9
19.9
18.7
18.3
18.6
18.7
18.1
18.2
18.2
17.7
17.7
17.3
16.7

20

TABLE 232.1

LIFE INSURANCE COMPANIES
FARM MORTGAGES ACQUIRED
1
1
1
1
1

1973-JAN... 1
-FEB...J
-MAR..• |
-APR...1
— MAY ... 1
-JUN...I
-JUL...1
-AUG...I
-SEP...1
— OCT ...1
-NOV...I
-DEC...1
1
1974— JAN.••|
-FEB...I
-MAR...|
-APR...I
— MAY...1
-JUN...I
-JUL... |
-AUG.. .1
— SEP.••1
-OCT...1
— NOV... 1
-DEC...1
•
1
1975— JAN.••1
-FEB...I
-MAR...|
-APR...1
-MAY...I
-JUN...|
— J UL...|
-AUG...1
— SEP.••1
-OCT...I
-NOV...1
— DEC..•1
j
1976— JAN.••|
-FEB...|
-MAR...|
-APR..,|
-MAY...|
-JUN...1
-JUL...1
-AUG...I
-SEP..•|
-OCT...1
-NOV...1
-DEC.. .1
l
1
1977-JAN.■.1
-FEB...I
-MAR...1
-APR...1
-MAY...1
-JUN...I
-JUL...1
-AUG...1
-SEP ...1
— OCT ...|
-NOV...1
-DEC.••|
i
1978-JAN...|
-FEB...I
-MAR...1
-APR...|
-MAY...1
-JUN...|
-JUL...1
- A UG...1
-SEP...I
-OCT...I
-NOV...1
-DEC...1
j
1979— JAN.••|
-FEB...I
-MAR...!
— APR.••|
-MAY...1
-JUN...I
— JUL.•.1
-AUG...I
-SEP...I
—OCT...|

MILLIONS OF DOLLARS
AMOUNT
63.
62.
98.
76.
81.
90.
83.
87.
77.
72.
96.
121.
89.
64.
124.
92.
95.
97.
96.
73.
55.
72.
53.
97.
80.
164.
119.
120.
75.
75.
55.
53.
62.
54.
65.
153.
100.
116.
136.
128.
125.
131.
138.
106.
123.
79.
116.
242.
160.
156.
233.
256.
214.
278.
168.
188.
209.
144.
135.
319.
200.
207.
285.
273.
251.
275.
207.
206.
227.
213.
148.
256.
186.
263.
391.
239.
265.
374.
170.
206.
200.
226.

1
1
1 CHANGE FROM PREVIOUS!
|
1
MONTH 1
YEAR
|
1
!
1
1
!
)
|
|
|
|
|
1
|
1
|
|
|
1
1
|
|
1
|
1
1
|

-43.
-1.
36.
-22.
5.
9.
-7.
4.
-10.
-5.
24.
25.

|
|
|
|
1
|
i
|
1
|
1
1
j
|
1
|
|
|
|
1
|
I
|
i
i
j
|
|
|
|
|
|
1
|
|
|
|
|
j
1
|
1
|
|
|
|
|
|
1
|
|
j
|
|
|
|
|
|
|
!
|
1

-17.
84.
-45.
l.
-45.
0.
-20.
-2.
9.
-8.
11.
88.

-32.
-25.
60.
-32.
3.
2.
-1.
-23.
-18.
17.
-19.
44.

-53.
16.
20.
-8.
-3.
6.
7.
-32.
17.
-44.
37.
126.
-82.
-4.
77.
23.
-42.
64.
-110.
20.
21.
-65.
-9.
184.
-119.
7.
78.
-12.
-22.
24.
-68.
-l.
21.
-14.
-65.
108.
-70.
77.
128.
-152.
26.
109.
-204.
36.
-6.
26.

|
1
|
1
1
1
|
|
1
|
|
1
l
1
1
|
1
1
1
1
|
1
|
|
|
l
|
|
1
1
|
|
I
|
|
|
1
|
1
1
|
|
|
1
|
1
1
|
|
|
|
a
1
!
|
I
|
|
|
|
1
|
|
|
j
|
1
I
|
|
|
|
1
1
|
1
|
j
|
|
|
|
1
|
|
|
|
|

35.
18.
11.
20.
22.
26.
33.
26.
33.
27.
40.
15.
26.
2.
26.
16.
14.
7.
13.
-14.
-22.
0.
-43.
-24.
-9.
100.
-5.
28.
-20.
-22.
-41.
-20.
7.
-18.
12.
56.
20.
-48.
17.
8.
50.
56.
83.
53.
61.
25.
51.
89.
60.
40.
97.
128.
89.
147.
30.
82.
86.
65.
19.
77.
40.
51.
52.
17.
37.
-3.
39.
18.
18.
69.
13.
-63.
-14.
56.
106.
-34.
14.
99.
-37.
0.
-27.
13.

|
|
I
1
1
|
|
|
!
|
1
|
j
|
I
1
1
I
|
|
|
|
!
1
|
I
1
|
|
1
|
1
1
|
|
!
I
1
|
j
1
|
|
1
|
1
|
|
|
|
1
|
j
|
!
|
|
|
|
|
1
|
|
|
|
j
|
1
1
|
|
1
|
|
|
|
|
|
•
1
|
|
1
I
|
1
|
|
|

PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
-40.6
-1.6
58.1
-22.4
6.6
11.1
-7.8
4.8
-11.5
-6.5
33.3
26.0
-26.4
-28.1
93.8
-25.8
3.3
2.1
-1.0
-24.0
-24.7
30.9
-26.4
83.0
-17.5
105.0
-27.4
0.8
-37.5
0.0
-26.7
-3.6
17.0
- 12.9
20.4
135.4
-34.6
16.0
17.2
-5.9
-2.3
4.8
5.3
-23.2
16.0
-35.8
46.8
108.6
-33.9
-2.5
49.4
9.9
-16.4
29.9
-39.6
11.9
11.2
-31.1
-6.3
136.3
-37.3
3.5
37.7
-4.2
-8.1
9.6
-24.7
-0.5
10.2
-6.2
-30.5
73.0
-27.3
41.4
48.7
-38.9
10.9
41.1
-54.5
21.2
-2.9
13.0

* OUTSTANDING MORTGAGES AT END OF PRECEDING MONTH.




|
1
1
|
|
1
!
1
1
|
1
|
!
|
|
|
1
|
!
|
1
i
1
|
|
|
|
1
|
1
|
1
|
|
1
|
|
|
|
|
j
|
|
|
I
1
|
1
1
|
I
1
|
■
|
|
|
|
|
|
1
|
1
|
|
1
1
|
|
|
1
1
|
|
|
1
1
1
|
j
1
|
|
|
|
|
|
1
|
1

YEAR

AS PER1CENTAGE 0F|
MORTGAGES!
OUTSTANDING*|

125.0
40.9
12.6
35.7
37.3
40.6
66.0
42.6
75.0
60.0
71.4
14.2

1.1
1.1
1.7
1.3
1.4
1.6
1.4
1.5
1.3
1.2
1.6
2.0

41.3
3.2
26.5
21.1
17.3
7.8
15.7
-16.1
-28.6
0.0
-44.8
-19.8

1.5
1.1
2.1
1.5
1.6
1.6
1.6
1.2
0.9
1.2
0.8
1.5

-10.1
156.2
-4.0
30.4
-21.1
-22.7
-42.7
-27.4
12.7
-25.0
22.6
57.7

1.3
2.6
1.9
1.9
1.2
1.1
0.8
0.8
0.9
0.8
1.0
2.3

25.0
-29.3
14.3
6.7
66.7
74.7
150.9
100.0
98.4
46.3
78.5
58.2

1.5
1.7
2.0
1.9
1.8
1.9
2.0
1.5
1.7
1.1
1.6
3.3

60.0
34.5
71.3
100.0
71.2
112.2
21.7
77.4
69.9
82.3
16.4
31.8

2.2
2.1
3.1
3.4
2.7
3.5
2.1
2.3
2.5
1.7
1.6
3.7

25.0
32.7
22.3
6.6
17.3
-l.l
23.2
9.6
8.6
47.9
9.6
-19.7

2.3
2.3
3.2
3.0
2.7
2.9
2.1
2.1
2.3
2.1
1.4
2.5

-7.0
27.1
37.2
-12.5
5.6
36.0
-17.9
0.0
-11.9
6.1

1.8
2.5
3.7
2.2
2.4
3.3
1.5
1.8
1.7
1.9

TABLE 232.3

21
LI F E INSURANCE COMPANIES
FARM MORTGAGES ACQUIRED
TWELVE-MONTH MOVING TOTAL
1
1
1
1
1

1973—J A N . •■|
-F E B ...I
-M A R ...(
- A P R . ••|
-M A Y ...|
- J U N . . .1
-JU L ...|
-A U G ...I
- S E P . . .|
- O C T . . .|
-N O V ..,|
-D E C ...|
1
1
1974—J A N . ••|
-F E B ...I
- M A R .. .|
-A P R ...I
- M A Y . . .1
-JU N ...|
-J U L ...I
-A U G ...|
- S E P . . .1
-O C T..,|
-N O V ...|
- O E C . . .|

MILLIONS OF DOLLARS
AMOUNT
7 35 .
7 53 .
764.
7 84 .
806.
832.
865 .
891 .
924.
95 1.
9 91 .
1006.
1032.
1034.
1060.
1076.
1090.
1097.
1110.
1096.
1074.
1074.
1031.
1007.

1 9 7 5 -J AN . • •|
-F E B ...I
-M A R ... j
-A P R ...|
—MAY.••|
- J U N . . .1
- J U L . . .*
-A U G ...|
- S E P . ••|
- O C T . . .|
—NOV .•a|
— DEC . . . |
1
1 9 7 6 -J A N * . . |
-F E B ...I
-M A R ...(
-A P R ...I
-M A Y ...|
-JU N ...I
-JU L ...I
-A U G ...I
-S E P ...|
-O C T...I
-N O V ...I
- D E C . •. |
|
1977—J A N . . •|
-F E B ...I
- M A R . . .1
—A P R .. . |
— MAY.••|
-JU N ...I
- J U L . . •|
-A U G ...I
- S E P . . .1
—O C T . . • |
—NOV. . . |
- D E C . . .1
j
1 9 7 B -JA N ...I
-F E B ...I
—MAR.. . |
—A P R . . •|
-M A Y .. . |
—J U N . . , |
—J U L . . . |
-A U G ..• |
—S E P . •.|
-O C T ..• |
—N O V . . .1
—D E C . . •|

250 0.
2551.
26 03 .
2 62 0.
2 65 7.
265 4.
269 3.
2711.
2729.
279 8.
28 1 1.
27 48 .

1979—J A N . . • |
-F E B ...|
—MAR. . . |
- A P R . . •|
—MAY.••|
-JU N ...|
-JU L . . . |
-A U G ...I
—S E P . ••|
-O C T ...I

273 4.
2 79 0.
28 9 6.
286 2.
28 76 .
297 5.
2938%
29 38 .
291 1.
292 4.

998.
1098.
1093.
1121.
1101.
1079.
1038.
1018.
1025.
1007.
1019.
1075.
1095.
1047.
1064.
1072.
1122.
1178.
1261.
1314.
1375.
1400.
1451.
1540.
1600.
1640.
1737.
1865.
1954.
210 1.
2 13 1.
221 3.
22 9 9.
236 4.
2383.
246 0.

1
1
I CHANGE FROM PREVIOUS I
|
1
MONTH |
YEAR
|
1

|
|
|
|
|
|
1
|
|
|
|
|
•
|
|
1
1
|
|
1
|
|
i
|
|
|
1
|
|
1
|
1
|
1
1
|
|
j
1
|
i
(
|
|
|
|
1
|
|
|
j
1
1
|
|
|
|
1
|
1
|
|
|
i
|
|
|
1
|
|
|
|
|
|
|
|
•
|
1
1
|
|
1
|
|
|
|

35.
18.
11.
20.
22.
26.
33.
26.
33.
27.
40.
15.

|
I
(
|
|
|
|
|
1
|
|
1

228.
22 6.
194.
203.
216.
220.
242.
258.
284.
306.
331.
306.

26.
2.
26.
16.
14.
7.
13.
-1 4.
“ 22.
0.
-4 3 .
-2 4 .

|
1
|
|
|
1
|
|
|
1
1
|
i
1
|
|
|
|
|
1
1
1
1
1
|
|
j
|
|
|
I
|
|
|
|
|
|
1
|
i
1
|
|
|
|
|
|
1
|
|
|
|
j
|
1
1
|
|
1
|
|
|
|
|
|

297.
281.
296.
292.
284.
265.
245.
205.
150.
123.
40 .
1.

-9 .
100.
-5 .
28.
-2 0 .
-2 2 .
-4 1 .
-2 0.
7.
-1 8 .
12.
56.
2 0.
-4 8 .
17.
8.
50.
56.
83.
53.
61 .
25.
51 .
89 .
60 .
40.
97.
128.
8 9.
147.
3 0.
82 .
86.
65.
19.
77.
4 0.
51.
5 2.
17.
37.
-3 .
39.
18.
18.
6 9.
13.
-6 3 .

-1 4 . |
56 . |
106. |
-3 4 . |
14. |
99. ]
-3 7 . |
o. I
-2 7 . |
13. 1

PERCENTAGE CHANGE
FROM PREVIOUS
MONTH

YEAR

1
|
|
|
|
|
1
|
|
1
1
|
1
|
|
|
1
|
|
|
1
1
1
1
1

45.0
4 2 .9
3 4 .0
3 4. 9
3 6. 6
3 5 .9
3 8 .8
4 0 .8
4 4 .4
4 7 .4
50.2
4 3 .7

2 .6
0 .2
2 .5
1 .5
1.3
0.6
1.2
-1 .3
-2 .0
0 .0
-4 .0
-2 .3

|
|
|
|
|
1
|
1
|
|
|
1
i
1
|
1
|
|
|
1
|
|
|
|
|
1

-0 .9 |
1 0.0 |
-0 .5 |
2 .6 1
-1 .8 |
-2 .0 |
-3 .8 1
-1 .9 |
0 .7 |
-1 .8 |
1.2 |
5 .5 |
•
1-9 |
-4 .4 |
1 .6 |
0.8 1
4.7 |
5.0 1
7 .0 |
4.2 1
4.6 |
1.8 |
3.6 |
6.1 |
■
3.9 |
2 .5 1
5 .9 |
7 .4 |
4 .8 |
7 .5 |
1 .4 |
3.8 |
3.9 |
2.8 1
0.8 |
3 .2 1
j
1.6 |
2.0 1
2.0 1
0 .7 |
1 .4 |
-0 .1 1
1 .5 1
0 .7 |
0.7 |
2 .5 |
0.5 |
-2 .2 1

-3 .3
6.2
3.1
4.2
1 .0
-1 .6
-6 .5
-7 .1
-4 .6
-6 .2
-1 .2
6 .8

900.
911.
866.
755.
703.
553.
$62.
498 .
430 .
434.
428 .
288.

|
|
1
|
t
|
|
|
|
|
1
|
i
|
1
|
|
1
|
|
|
|
|
1
1
j
|
1
|
1
|
|
1
|
|
1
1
|
1
1
|
|
|
1
|
|
|
|
|
|
|

234.
239.
293.
242.
219.
321.
245.
227.
182.
126.

|
|
|
1
|
|
1
|
|
|

-0 .5
2.0
3.8
-1 .2
0 .5
3 .4
-1 .2
0.0
-0 .9
0 .4

-3 4 .
64.
33.
45 .
11.
-1 8 .
-72.
-7 8.
-4 9 .
-6 7.
-12.
68.
97.
-5 1.
-2 9.
-4 9 .
21.
99.
223.
296.
350.
393.
432.
465.
505.
593.
673.
793.
832.
923.
870.
899.
924.
964.
932.
920.

5.0
2 .4
1.5
2.6
2 .8
3 .2
4.0
3 .0
3.7
2.9
4 .2
1.5

|
1

1
|
1
|
|
|
1
|
|
|

4 0 .4
3 7. 3
3 8 .7
3 7. 2
3 5.2
3 1 .9
2 8.3
2 3 .0
16.2
12.9
4 .0
0 .1

9.7
-4 .6
-2 .7
-4 .4
1 .9
9 .2
2 1 .5
29.1
3 4.1
3 9 .0
4 2.4
4 3 .3
4 6 .1
5 6 .6
6 3 .3
7 4 .0
7 4. 2
7 8 .4
69.0
68.4
6 7 .2
68.9
6 4 .2
59.7
' 56.3
55.5
49.9
4 0 .5
36.0
2 6. 3
2 6 .4
2 2 .5
18 .7
1 8 .4
18 .0
1 1 .7
9.4
9 .4
11.3
9 .2
8.2
12.1
9 .1
8.4
6.7
4.5

1 AS PER- 1
(CENTAGE 0F|
I MORTGAGES 1
1
OUT|
I STANDING*!
|
|
|
1
|
|
|
|
|
|
i
|
■
1
|
|
|
1
|
|
|
|
|
|
|
|
|
|
1
|
1
|
|
|
1
|
|
1
■
|
|
|
|
|
1
1
|
|
|
|
|
j
|
|
|
|
1
|
|
1
|
|
1
|
j
|
|
|
|
|
|
|
|
|
|
|
1
1
|
|
i
|
|
|
|
|
|
1

13.2
13.5
13 .6
14.0
14 .3
1 4 .8
15.3
1 5.7
1 6.3
16.7
1 7.3
1 7.5

1
1
1
|
|
|
|
|
|
1
|
|

1 7. 9
17.8
18 .2
18 .4
18.5
18 .5
1 8.6
18 .3
17.8
17 .7
1 6. 9
1 6.5

|
|
1
|
|
|
|
1
|
|
|
|

16.2
17.8
1 7. 6
1 8 .0
17 .5
17.1
16.3
1 5.9
1 6.0
1 5. 6
1 5.7
1 6. 5

1
|
|
1
|
|
1
|
|
|
|
|

1 6. 7
1 5. 9
16.1
16.1
1 6.8
17 .5
1 8.7
1 9.3
20 .1
2 0 .3
2 0. 9
2 2 .1

|
|
1
1
!
|
|
|
1
1
|
1

2 2. 7 |
23 .1 }
2 4 .3 1
25.8 |
2 6 .7 |
2 8 .4 |
2 8 .5 1
2 9. 2 |
2 9 .9 |
3 0 .4 |
3 0.2 1
3 0 .7 |
3 0 .7
30.9
3 1. 1
3 0 .8
3 0 .8
3 0 .3
30 .3
3 0 .0
2 9 .8
30.1
2 9. 7
2 8 .6

|
|
|
|
1
|
1
|
1
|
|
1

28.1
2 8 .3
2 8 .9
2 8. 2
2 7 .9
2 8 .5
2 7 .8
2 7 .4
2 6 .8
2 6 .5

|
1
|
1
1
|
1
|
1
|

* AVERAGE OUTSTANDING MORTGAGES DURING THE PRECEDING 12 MONTHS (AVERAGE OF END-OF-MONTH DATA}







22

TABLE 233.1

LIFE INSURANCE COMPANIES
OUTSTANDING FARM MORTGAGE COMMITMENTS
END OF MONTH
1
1
1
1
1

M ILLIONS

AMOUNT

OF DOLLARS
1
1
| CHANGE FROM PRE VIOUS|
1
1
MONTH
|
YEAR
|
1

PERCENTAGE CHANGE
FROM PREVIOUS
MONTH

|
1

YEAR

AS PERCENTAGE
1
OF MORTGAGES
1
1
OUT| ACQUIRED
1
| ST A N D IN G 1 I N MONTH

347.
379.
394.
414.
429.
467.
456.
471.
484.
501.
506.
456.

|
|
|
|
|
|
|
|
|
|
|
1
i
1

18.
32.
15.
20.
15.
38.
-1 1 .
15.
13.
17.
5.
-5 0 .

|
1
|
|
1
|
1
|
|
|
1
|
•

90.
126.
10 7.
89.
96.
154.
146.
160.
149.
174.
139.
12 7 .

1
|
j
|
|
|
1
|
|
|
|
1
i

5.5
9 .2
4 .0
5.1
3 .6
8 .9
-2 .4
3 .3
2 .8
3 .5
1 .0
-9 .9

|
1
|
1
|
|
|
1
1
|
1
|
I

3 5.0
4 9.8
37.3
2 7.4
28.8
49.2
47.1
51.4
44.5
53.2
37.9
38.6

|
1
|
|
1
!
|
|
1
1
|
1
|

6 .2
6 .7
7 .0
7 .3
7 .5
8.1
7 .9
8 .1
8 .2
8 .5
8 .5
7 .6

1974— J A N . • • I
- F E B . . .1
- M A R . . .1
- 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
-N O V ...|
- D E C . . .1
i

445.
514.
520.
535.
633.
640.
605.
631.
636.
617.
595.
570.

|
|
|
I
|
t
|
|
|
|
|
|
j

-1 1 .
69.
6.
15.
98.
7.
-3 5 .
26.
5.
-1 9 .
-2 2 .
-2 5 .

1
|
i
|
|
I
|
|
1
|
i
1
1

98.
135.
126.
121.
204.
173.
149.
160.
152.
116.
89.
114.

1
|
|
|
|
|
|
|
1
|
|
|
■

-2 .4
15.5
1.2
2 .9
18.3
1.1
-5 .5
4.3
0 .8
-3 .0
-3 .6
-4 .2

I
1
1
|
1
1
|
|
1
|
|
|
j

28.2
35.6
32.0
29.2
47.6
37.0
32.7
3 4.0
3 1.4
23.2
17.6
25.0

|
I
|
1
|
1
|
|
1
i
1
|
1

7 .5
8 .6
8 .7
8 .9
10.4
10.4
9 .8
10.1
10.2
9 .8
9 .5
9 .0

1 9 7 5 - J A N . ••|
-F E B ...I
- M A R . . .1
- A P R . . .1
— MAY. . . |
-JU N ...I
-J U L ...1
- A U G . . .1
-S E P ..a |
-O C T . . . |
-N O V ...I
-D E C . . . 1
1
1 9 7 6 - J A N . • •|
- F E B . . .1
- M A R .••|
- A P R . . .1
-M A Y ...I
-JU N ...I
-JU L ...I
-A U G ...I
-S E P ...I
- O C T . . .|
- N O V . . .1
- D E C . . .1
j

496.
500.
466.
430.
413.
399.
399.
405.
438.
473.
506.
459.

1
|
|
|
|
|
|
1
1
|
|
|
j

-7 4 .
4.
-3 4 .
-3 6 .
-1 7 .
-1 4 .
0.
6.
33.
35.
33.
-4 7 .

51.
-1 4 .
-5 4 .
-1 0 5 .
-2 2 0 .
-2 4 1 .
-2 0 6 .
-2 2 6 .
-1 9 8 .
-1 4 4 .
-8 9 .
-1 1 1 .

1
|
|
|
|
|
|
|
|
|
i
|
j

-1 3 .0
0 .8
-6 .8
-7 .7
-4 .0
-3 .4
0 .0
1 .5
8 .1
8 .0
7 .0
-9 .3

\

11.5
-2 .7
-1 0 .4
-1 9 .6
-3 4 .8
-3 7 .7
-3 4 .0
-3 5 .8
-3 1 .1
-2 3 .3
-1 5 .0
-1 9 .5

1
|
1
1
1
1
1
|
|
1
|
|
1

7 .9
7 .8
7 .2
6 .6
6 .3
6 .1
6 .1
6 .1
6 .6
7 .1
7 .6
6 .8

1
1
1
|
|
|
|
|
|
1
|
|
1

6 20 .0
3 04 .9
391 .6
3 5 8 .3
550.7
5 32 .0
725 .5
7 6 4 .2
706.5
8 7 5 .9
778.5
3 00 .0

466.
477.
479.
501.
482.
490.
487.
494.
520.
582.
592.
553.

|
|
|
|
1
|
|
|
1
|
1
1
■

7.
11.
2.
22.
-1 9 .
8.
-3 .
7.
26.
62.
10.
-3 9 .

|
j
|
|
|
|
|
|
|
|
|
|
1
1
1
1
1
I
|
I
|
1
|
|
|
|
■

-3 0 .
-2 3 .
1 3.
71.
69.
91.
88.
89.
82.
109.
86.
94.

|
|
1
1
|
|
|
|
|
|
|
|
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

|
|
|
1
|
|
|
|
1
|
1
|
i

-6 .0
-4 .6
2 .8
16.5
16.7
2 2.8
22.1
22.0
18.7
23.0
1 7.0
20.5

|
|
1
1
|
1
|
1
|
|
1
|
j

6 .9
7 .0
7 .0
7 .3
6 .9
7 .0
6 .9
6 .9
7 .2
8 .1
8 .1
7 .4

|
|
|
|
|
1
|
|
|
1
|
|
j

4 66 .0
411 .2
3 52.2
391.4
385.6
3 74.0
3 52.9
4 66 .0
422.8
7 3 6 .7
510 .3
228.5

1 9 7 7 -JA N ...I
-F E B ...I
- M A R . . .1
-A P R ...|
-M A Y . ••|
-JU N ...i
-J U L ... |
- A U G . . .1
- S E P . ••1
-O C T ...I
- N O V . . .1
- D E C . . .1
j

567.
614.
603.
663.
680.
671.
673.
696.
745.
769.
782.
768.

|
|
|
|
|
|
|
|
1
|
|
|
j

14.
47.
-1 1 .
60.
17.
-9 .
2.
23.
49.
24.
13.
-1 4 .

|
|
1
|
|
|
1
|
|
|
|
|
j

101.
137.
124.
162.
198.
181.
186.
202.
225.
187.
190.
215.

|
|
|
|
|
1
|
|
|
|
|
1
1

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

|
1
|
|
|
|
|
1
1
1
|
1
1

2 1.7
28.7
2 5.9
32.3
41.1
36.9
38.2
40.9
43.3
32.1
32.1
38.9

|
|
1
|
|
1
1
|
|
|
|
|

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
|
1
1
|
|
1
|
|

354 .4
393.6
258 .8
2 59.0
3 17 .8
2 41 .4
4 00 .6
370 .2
3 56 .5
534 .0
5 7 9 .3
240 .8

1978—J A N . • • |
-F E B ...I
— M A R .• • |
- A P R . . .1
- M A Y . . .1
-J U N ..* |
- J U L . . .1
- A U G . . .1
-S E P ...I
-O C T ...|
- N O V . . .1
- D E C . . .1
j

742.
818.
827.
846.
800.
869.
856.
841.
862.
800.
882.
912.

|
|
|
|
1
|
|
|
|
|
|
|
j

-2 6 .
76.
9.
19.
-4 6 .
69.
-1 3 .
-1 5 .
21.
-6 2 .
82.
30.

175.
204.
224.
183.
120.
198.
183.
145.
117.
31.
100.
144.

|
i
|
1
1
|
1
|
|
1
|
|

“ 3 .4
10.2
1.1
2 .3
-5 .4
8 .6
-1 .5
-1 .8
2 .5
-7 .2
10.2
3 .4

|
1
1
|
|
1
|
|
i
1
|
|

3 0.9
33.2
37.1
27.6
17.6
29.5
27.2
20.8
15.7
4 .0
12.8
18.8

|
1
|
|
|
1
|
1
|
|
|
|

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
|
|
|
|
|
|

3 7 1 .0
3 95 .2
2 90.2
309 .9
318.7
316.0
4 1 3 .5
408.3
3 7 9 .7
3 75 .6
5 9 5 .9
3 5 6 .2

1 9 7 9 - J A N. • • |
-F E B ...I
- M A R . . .1
— A P R . •• |
—M A Y . . • |
- J U N . . .1
— J U L . ••1
- A U G . . .1
-S E P ...I
- O C T . . .1

913.
943.
850.
983.
1010.
942.
937.
974.
948.
1018.

1
|
|
|
|
|
|
|
|
1

1.
30.
-9 3 .
133.
27.
-6 8 .
-5 .
37.
-2 6 .
70.

|
|
|
|
|
|
|
|
1
|
|
|
I
1
1
|
|
|
|
|
|
|
|
|

171.
125.
23.
137.
210.
73.
81.
133.
86.
218.

|
|
1
|
|
|
|
|
|
|

0 .1
3 .3
-9 .9
15.6
2 .7
-6 .7
-0 .5
3 .9
-2 .7
7 .4

|
|
1
1
|
|
|
|
|
|

23.0
15.3
2 .8
16.2
2 6.2
8 .4
9 .5
15.8
10.0
27.2

|
|
|
1
|
|
|
|
|
1

8 .7
8 .8
7 .8
8 .9
9 .0
8 .2
8 .1
8 .3
8 .0
8 .5

|
1
1
|
|
|
|
|
|
|

490 .9
3 58.6
217.4
411.3
381.1
2 51.9
551.2
4 7 2 .8
4 74 .0
450 .4

|
1
1
|
|
1
1
|
|
|
|
■

1
|
|
|
|
1
|
1
|
|
|
|
1
|
|
|
1
|
|
|
|
|
1
|
|
1

5 5 0 .8
6 11 .3
4 02 .0
5 4 4 .7
529.6
5 18 .9
549.4
541.4
6 28.6
6 95 .8
5 2 7 .1
3 7 6 .9

1 9 7 3 -JA N ...I
-F E B ...|
-M A R ...(
—A P R ...I
- M A Y . . .1
—J U N . •• |
- J U L . . .1
-A U G ...I
- S E P . . .1
-O C T. . . 1
- N O V . . .1
- D E C . . .1
I
1

500 .0
803 .1
4 19 .4
5 81.5
666 .3
6 59.8
630.2
864 .4
1 15 6 .4
8 56.9
1122.6
5 8 7 .6

DECEMBER 1979

AGRICULTURAL FINANCE DATABOOK— MONTHLY SERIES

300

A GR IC UL TUR AL

301

FARM N O N - R E A L - E S T A T E LOANS

301 .1

302

AMOUNT AND CHANGE FROM PREVIOUS YE A R ........................................................................... 2*

SEASONAL

3 0 2 .1

310

BANKING DATA

DEP O SI TS

311

AND LOANS AT AGRI CU LT UR AL

FEDERAL RESERVE D I S T R I C T S

311 .3

312

BORROWING BY MEMBER BANKS

NUMBER OF BANKS AND AVERAGE D A IL Y

BANKS

7 AND 9

PERCENTAGE CHANGE FROM PREVIOUS YE A R,

FEDERAL RESERVE O I S T R I C T

3 12.3

BORROWING.........................................................25

AND LOA N/ D E PO S IT

R A T I O ............26

AND LO A N/ D E PO S IT

R A T I O ........... 27

6 AND TEXAS

PERCENTAGE CHANGE FROM PREVIOUS YEAR,

FOR IN FORMATION ON THE DESIGN OF THE SEASONAL BORROWING P R IV IL E G E FOR WHICH
DATA ARE SHOWN IN S E C TI O N 3 0 2 , AND ALSO AN A NA L YS IS OF I T S P O T E N T I A L AND
ACTUAL USE BY A GR IC UL TUR AL BANKS, SEE "SEASONAL BORROWING AT THE FEDERAL
RESERVE DISCOUNT WINDOW," BY EMANUEL MELICHAR AND HAR RIE T HOLDERNESS,

FUR A BRI EF D IS C U S S IO N OF THE A N A L Y T I C A L VALUE OF THE DATA IN S E C T I O N 3 1 0 , SEE
THE S E C T I O N E N T I T L E D "FREG UEN T D E P O S IT AND LOAN D A TA " IN "OVER ALL MEASURES OF
F I N A N C I A L PERFORMANCE," BY EMANUEL M EL IC HA R , AGRICUL TU RA L F IN A N C E RE V IEW .
FEBRUARY 1 97 7 , P P . 8 7 - 8 8 .




23

24
TABLE 301.1

FARM N O N - R E A L - E S T A T E LOANS A T COMMERCIAL BANKS
(E NO OF MONTH)

LARGE
BANKS
1 (M ILLIONS
OF
DO LL ARS )

|
CHANGE FROM PREVIOUS YEAR
AMOUNT
)
1
1
LARGE
| ALL COMMERCIAL BANKS!
1 ALL COMMERCIAL BANKS 1
BANKS
|l[ B I L L I O N S OF D O L L A R S ) !
| ( B I L L I O N S OF D O L L A R S ) 1
I(M IL L IO N S |
1
1
1 S EA SO NAL LY !
AC TUAL
OF
J
AC TUA L
|S EA S ON A L L Y!
|
A
D
JU
S
T
E
D
1
I
A
D
JU
S
TE
D
i
DO
LLARS)
|
1

PERCENTAGE CHANGE FROM
PRE VIO US YEAR
LARGE
BANKS

A L L COMMERCIAL BANKS!
AC T UA L

1S E A S O N A L L Y 1
1 A D JU S T E D

1973— J A N . • • |
- F E B . . .1
- M A R . . .1
-A P R ...J
- M A Y . . .1
- J U N . . .1
- J U L . . .1
- A U G . . .1
-S E P ...I
- O C T . . .|
- N O V . . .1
- D E C . . .1

3031.
3010.
3066.
3121.
3142.
3238.
3267.
3289.
3275.
3381.
3422.
3485.

|
1
1
1
1
i
J
1
1
1
1
|

14.6
14.8
15.0
15.3
15.7
16.0
16.3
16.5
16.7
16.9
17.1
17.3

|
1
(
|
|
|
|
|
|
j
|
|

15.0
15.1
15.2
15.3
15.5
15.7
1 5.9
16.1
16.5
16.9
17.3
17.5

i
|
|
1
1
|
|
1
|
|
|
|
•

721.
681.
669.
667.
637.
692.
712.
754.
676.
702.
671.
647.

|
1
|
|
|
1
|
|
|
1
i
|

2 .0
2 .1
2.2
2 .2
2 .3
2 .4
2 .7
2.8
3 .0
3 .0
3 .0
3.0

2.1
2 .2
2 .2
2 .2
2 .3
2 .4
2 .6
2 .7
3 .0
3 .0
3 .0
2 .9

1
i
1
!
i
|
|
|
i
|
|
|
j

31.2
29.2
27.9
27.2
2 5.4
27.2
27.9
29.7
26.0
26.2
24.4
22.8

15.9
16.5
17.2
16.8
17.2
17.6
19.9
20.4
21.9
21.6
21.3
21.2

|
|
|
|
I
|
|
t
|
!
|
|
j

16.3
17.1
16.9
16.8
17.4
18.0
19.5
20.1
22.2
21.6
21.0
1 9.9

197 4— J A N . • .|
- F E B . . .1
-M A R ...|
-A P R ... |
- M A Y . . .1
-JU N ...J
- J U L . . .1
-A U G ...1
-S E P ...|
- O C T . . .1
- N O V . . .1
- D E C . . .1

3701.
3736.
3788.
3807.
3788.
3838.
3857.
3849.
3737.
3709.
3725.
3649.

17.3
17.5
17.7
17.9
18.1
1 8.4
18.5
18.6
18.5
18.3
18.3
18.2

|
!
|
I
I
|
1
i
|
1
|
|
j

17.8
17.8
17.9
18.0
17.9
18.1
18.1
18.2
18.3
18.3
18.5
18.4

|
|
|
|
|
|
|
|
|
|
|
|
j

670.
726.
722.
686.
646.
600.
590.
560.
462.
328.
303.
164.

|
|
1
|
I
1
|
1
|
i
|
|

2 .7
2 .7
2 .7
2.6
2 .4
2 .4
2 .2
2.1
1.8
1.4
1.2
0 .9

2 .8
2 .7
2 .7
2 .7
2 .4
2 .4
2 .2
2 .1
1 .8
1 .4
1 .2
0 .9

|
|
|
|
|
|
|
i
t
|
1
|
1

22.1
24.1
23.5
22.0
2 0.6
18.5
18.1
17.0
14.1
9 .7
8 .9
4 .7

18.5
18.2
18.0
17.0
15.3
15.3
13.5
12.7
10.8
8 .3
7 .0
5 .3

3599.
3498.
3390.
3425.
3397.
3458.
3549.
3581.
3631.
3597.
3547.
3640.

18.1
18.1
18.3
18.5
18.7
19.1
1 9.4
19.7
19.9
19.9
19.9
20.2

|
|
|
1
1
|
|
|
|
|
|
i
1

18.6
1 8.4
18.5
18.7
18.5
18.7
19.0
19.4
19.7
19.9
20.1
20.4

|
|
I
|
1
|
)
|
|
|
1
1
i

-1 0 2 .
-2 3 8 .
-3 9 8 .
-3 8 2 .
-3 9 1 .
-3 8 0 .
-3 0 8 .
-2 6 8 .
-1 0 6 .
-1 1 2 .
-1 7 8 .
-9 .

1
|
1
|
|
1
|
)
|
1
|
|

0 .8
0 .6
0 .6
0 .6
0 .6
0 .6
0 .9
1 .1
1 .4
1.6
1.6
1 .9

0 .8
0 .6
0 .6
0 .7
0 .6
0 .6
0 .9
1 .2
1 .4
1 .6
1 .6
1 .9

|
|
1
|
|
|
|
1
|
t
1
|
i

-2 .8
-6 .4
-1 0 .5
-1 0 .0
-1 0 .3
-9 .9
-8 .0
-7 .0
-2 .8
-3 .0
-4 .8
-0 .2

4 .6
3 .4
3 .4
3 .4
3 .3
3 .4
4 .9
5 .9
7 .6
8 .7
8 .7
10.5

!
|
i
t
!
i
|
)
|
|
1
|
i1
|
1
|
I
|
|
|
)
|
|
|
I
1

18.7
1 7.9
17.8
17.6
15.5
15.4
13.8
1 3.0
10.9
8 .3
6 .9
5 .3

197 5— J A N . • • |
-F E B ...I
-M A R .. . |
-A P R ...|
— M A Y . . •|
- J U N . . .1
- J U L . . .1
— A U G . • .1
—S E P ..«|
- O C T . . .1
- N O V . . .1
- D E C . . .1

|
|
1
|
)
)
|
1
|
|
I
1
i
|
1
|
I
)
1
|
1
1
1
1
1

1 9 7 6 -J A N .. .|
-F E B ...|
-M A R ...|
- A P R . . .1
—M A Y . ••|
-J U N ...I
-JU L ...|
- A U G . . .1
- S E P . . .1
—O C T . . • |
- N O V . . .1
- D E C . . .1

3141.
3128.
3192.
3234.
3370.
3568.
3564.
3553.
3541.
3553.
3513.
3579.

|
|
|
I
1
1
|
|
|
1
1
|

20.2
20.3
20.5
21.2
21.6
2 2.2
22.4
22.6
22.9
2 3.0
23.1
23.2

1
1
|
I
|
|
|
1
|
|
I
1

20.6
2 0.7
20.7
2 1.3
21.5
2 1.8
22.0
22.3
2 2.7
23.0
2 3.3
2 3.5

|
|
|
1
|
|
|
1
|
1
|
|

-4 5 8 .
-3 7 0 .
-1 9 8 .
-1 9 1 .
-2 7 .
110.
15.
-2 8 .
-9 0 .
-4 4 .
-3 4 .
-6 1 .

|
|
|
1
|
!
|
|
|
|
|
|

2.1
2.2
2 .2
2 .7
2 .9
3 .1
3 .0
2 .9
3 .0
3 .1
3 .2
3 .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

1
1
|
1
|
|
|
|
|
1
|
|

-1 2 .7
-1 0 .6
-5 .8
-5 .6
-0 .8
3.2
0 .4
-0 .8
-2 .5
-1 .2
-1 .0
-1 .7

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
1
!
|
|
|
|
|
)

1 0.8
12.5
11.9
13.9
16.2
16.3
15.8
14.9
15.1
1 5.6
15.9
15.2

1 97 7 -J A N .. .|
-F E B ...I
-M A R .. . )
—AP R. . . |
-M A Y ...|
-JU N ...I
-JU L ...)
- A U G . . .1
—S E P ...|
- O C T . . .1
-N O V ...I
— D E C . . •)

3520.
3474.
3575.
3670.
3801.
3936.
3971.
3951.
3984.
3977.
3907.
3928.

I
|
1
)
1
|
|
1
|
1
1
|
i

23.2
23.3
23.7
2 4.3
24.9
25.6
25.9
26.1
2 6.3
26.1
25.9
25.7

|
|
|
|
!
I
|
|
1
|
|
|
j

23.6
23.7
24.0
24.4
24.8
25.2
25.4
25.6
2 6.0
26.1
26.1
26.0

I
|
|
1
i
1
|
1
1
|
|
i
i

379.
346.
383.
436.
431.
368.
407.
398.
443.
424.
394.
349.

|
|
1
|
|
|
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

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
!
1
)
|
|
|
|
1
1
I

12.1
11.1
12.0
13.5
12.8
10.3
11.4
11.2
12.5
11.9
11.2
9 .8

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
|
1
|
|
1
|

1 4.6
14.5
15.8
14.6
15.3
1 5.6
1 5.5
14.8
1 4.6
13.5
1 2.0
1 0.8

1 978 —J A N . • • |
-F E B . ..|
- M A R . . .1
-A P R ...|
- M A Y . . •)
-JU N ..«|
— J U L . . •|
- A U G . . .1
-S E P ...I
- O C T . . .1
-N O V ...I
- D E C . . .1

3837.
3776.
3907.
4002.
4195.
4303.
4376.
4436.
4464.
4512.
4452.
4511.

)
1
|
|
)
1
1
|
|
|
|
1
1

2 5.6
2 5.5
25.5
26.0
2 6.4
2 7.0
27.5
27.8
28.1
28.0
28.2
28.2

|
1
|
|
|
!
1
1
1
|
|
|

26.1
26.0
2 5.8
2 6.0
26.3
26.5
26.8
27.1
2 7.7
28.0
28.4
28.5

|
|
!
I
1
I
|
|
|
|
|
|

317.
302.
332.
332.
394.
367.
405.
485.
480.
535.
545.
583.

|
1
1
1
|
|
|
|
|
1
|
|

2 .4
2 .2
1.8
1 .7
1 .5
1 .4
1 .6
1.7
1 .8
1 .9
2 .3
2 .5

2 .5
2 .3
1 .8
1 .6
1 .5
1 .4
1 .4
1.5
1.8
l.Y
2 .3
2 .5

9 .0
8 .7
9.3
9 .0
10.4
9 .3
10.2
12.3
12.0
13.5
13.9
14.8

10.3 1
9 .4 |
7 .5 1
7 .0 1
6 .0 |
5 .4 1
6 .2 |
6 .5 |
6 .8 !
7 .3 |
8 .9 i
9 .6 i
1

10.6
9 .7
7.5
6 .6
6 .0
5 .4
5 .5
5 .9
6 .8
7 .3
8 .8
9 .6

197 9 — J A N . . • |
-F E B ...I
- M A R . . .1
-A P R .• .|
-M A Y ...I
-J U N ...)
— J U L . •• |
- A U G . . .1
-S E P ...I
-O C T ...|
—NOV. . . 1
- D E C . . .1

4470.
4440.
4577.
4650.
4830.
4915.
4981.
4939.
5021.
5001.
4896.
4889.

|
28.2
)
28.1
|
2 8.1
1
28.7
|
29.3
|
29.8
|
30.1
|
30.5
|
3 0.8
|* * * * * * * * *
j** * ** * ** *
j *********

28.7
I
1
2 8.6
1
28.5
|
2 8.8
|
29.0
1
29.3
|
29.7
|
30.1
|
30.5
|* * * * * * * * *
j * * * * ** ** *
j *********

|
|
|
|
|
|
1
1
|
|
j
j

633.
664.
670.
648.
635.
612.
605.
503.
557.
489.
444.
378.

2 .6
1
|
2 .6
1
2.7
2 .7
|
2 .9
|
|
2 .8
2 .6
1
|
2 .7
|
2 .8
|* * * * * * * * *
|* * * * * * * * *
1* ** * * * * * *

|
1
1
1
|
|
|
!
I
|
1
!
1
2 .6 |
2 .6 |
2 .7 |
2 .8 |
2 .7 1
2 .7 )
2 .9 |
J.O |
2 .7 !
I* * * * * * * * * |
| * ** * * * * * * j
|* * * * * * * * * |

16.5
17.6
17.1
16.2
15.1
14.2
13.8
11.3
12.5
10.8
10.0
8 .4

10.2
10.2
10.5
10.4
10.8
10.3
9 .6
9 .7
9 .8
|* * * * * * * * *
|* * * * * * * * *
|* * * * * * * * *

4 .5
3 .4
3 .4
3 .9
3 .4
3 .4
5 .0
6 .6
7 .7
8 .7
8 .6
10.5

10.0
1
10.0
1
10.5
|
|
10.6
10.3
|
10.3
1
|
10.7
|
1 1.0
|
9 .8
J*********
j*********
j *********

L A R G E -B A N K OATA ARE FOR APPRO XI MA TEL Y 170 COMMERCIAL BANKS T H A T SU BMIT THE F . R . 2416 mEEKLY REPORT OF A S S E T S AND
L lA B IL ITE S .
T H E S E ARE BANKS TH A T HAD D OM ES TIC A S SE T S OF S750 M I L L I O N OR MORE AS OF DECEMBER 31* 1 9 7 7 .
OF T HE
T O T A L FARM LOANS AT SUCH BANKS* ABOUT 70 PERCENT I S A T BANKS I N THE T W EL F T H FEDERAL RESERVE D I S T R I C T (S A N F R A N C I S C O ) .
DATA SHOMN FOR ALL COMMERCIAL BANKS ARE FROM CALL REPORTS A V A IL A B L E FOR MARCH. J U N E . S EPT EM BER . ANO DECEMBER
SEPTEMBER DATA ARE E S T I M A T E D FOR U NI NSU RED B A N K S ) .
FOR OTHER MONTHS. DATA SHOWN ARE IN T E R P O L A T E D E S T I M A T E S .
JUNE 197 9 ANO SEPTEMBER 1 97 9 ARE P R E LIM IN A R Y E S T IM A T E S MADE BY THE AU THORS.




(MARCH ANO
D AT A FOR

25

TABLE 302.1
MEMBER BANK BORROWING UNDER SEASONAL BORROWING P R IV IL E G E
WEEK ENDING ON LAST WEDNESDAY OF MONTH
1
1
1
1
1
1
1
1
j

(AVERAGE D A IL Y SEASONAL BORROWING!
(THOUSANDS OF DOLLARS)
i

NUMBER OF BANKS

IDEPOSIT

TOT AL

|

D E P O S IT

|
OVER
|
$100
1 M IL L IO N

1
1
|

TO TA L

UP TO
|
$100
M IL L I O N

|
OVER
I
$100
1 M IL L IO N

S IZ E

UP TO
$100
M ILLION

OF BANK

S IZ E

OF BANK

|
|
|
1

12.
51.
82.
91.
110.
100.
80.
45.
28.

11.
48.
75.
81.
95.
86.
69.
40.
26.

1
{
|
1
|
1
I
|
I

1.
3.
7.
10.
15.
14.
11.
5.
2.

1
1
1
|
|
|
!
i
1

9872.
46567.
91395.
126120.
187246.
150227.
118897.
77870.
34585.

|
!
|
|
|
|
i
|
|

4301.
33567.
56509.
30264.
9 7 1 8 9.
83027.
61183.
37170.
19442.

1
|
|
|
1
|
1
|
1
i

5571.
13000.
34886.
45856.
90057.
67200.
57714.
40700.
15143.

|
1
i
|
|
J
|
|
|

21.
26.
45.
68.
Ill .
141.
138.
124.
115.
76.
45.
31.

20.
25.
44.
66.
104.
132.
124.
11 2 .
102.
70.
43.
31.

|
J
|
|
|
|
I
|
1
1
1
1
•

1.
1.
1.
2.
7.
9.
14.
12.
13.
6.
2.
0.

1
|
1
1
1
1
|
|
|
|
1
|

16391.
14889.
43159.
52038.
114130.
128837.
162687.
161135.
140114.
104612.
62918.
28956.

|
|
|
|
|
|
|
I
|
|
|
|

11391.
14603.
38159.
46238.
84130.
86855.
100224.
105820.
91857.
81955.
52818.
28956.

|
|
I
|
I
I
1
I
1
|
1
|

5000.
286.
5000.
5600.
30000.
41982.
62463.
55315.
48257.
22657.
10100.
o.

1
|
|
|
|
|
|
(
|
|
|
I

1 97 5 -J A N .•. |
-F E B ...|
-M A R ...J
- A P R . . .1
— M A Y.••|
-J U N ...|
- J U L . . .1
- A U G . . .|
-S E P ..• |
-O C T.. . 1
- N O V . . .1
- D E C . . •|
i
1
1 9 7 6 -J A N . ••|
-F E B . . . |
-M A R ... |
-A P R ...|
—MAY. . . |
-JU N ...S
- J U L . . .1
-A U G ...1
- S E P . . .1
-O C T..
- N O V . . .1
- D E C . . .1
j

12.
15.
10.
9.
13.
17.
29.
39.
40.
40.
23.
13.

12.
15.
10.
9.
11.
1 5.
28.
37.
34.
35.
21.
13.

0.
0.
0.
0.
2.
2.
1.
2.
6.
5.
2.
0.

1
|
1
i
1
1
1
1
|
1
1
|

10101.
9713.
6744.
7080.
8843.
10518.
22602.
40110.
66018.
59673.
25704.
12850.

|
|
|
|
1
|
1
|
!
I
|
|

10101.
9713.
6744.
7080.
5914.
6875.
15888.
31110.
35532.
35673.
21204.
12850.

|
1
i
J
|
1
1
|
|
1
1
|
■

0.
0.
0.
0.
2929.
3643.
6714.
9000.
30486.
24000.
4500.
0.

|
i
|
1
|
|
|
i
|
|
1
1

7.
10.
17.
20.
21.
42.
38.
40.
49.
40.
31.
19.

7.
10.
17.
20.
21.
41.
37.
39.
48.
38.
31.
19.

0.
0.
o.
0.
0.
1.
1.
1.
1.
2.
0.
0.

1
1
!
1
|
1
1
!
I
|
1
1

8267.
8233.
9605.
11153.
11637.
27898.
25957.
23354.
33618.
33297.
27215.
9970.

|
|
|
|
|
1
1
|
1
|
|
!

8267.
8233.
9605.
11153.
11637.
25898.
20243.
17354.
29618.
29154.
27215.
9970.

|
|
1
i
|
|
1
|
1
|
|
|

0.
0.
0.
0.
0.
2000.
5714.
6000.
4000.
4143.
0.
0.

|
|
|
1
I
|
|
1
i
|
1
|

1977— J A N . •• |
-F E B ...!
-M A R ...|
-A P R ...I
-M A Y ...|
- J U N . . .1
- J U L . . .1
- A U G . . .1
-S E P ...I
- O C T . . .1
-N O V ...|
-D E C ...!
j

8.
10.
17.
21.
45.
59.
63.
99.
92.
81.
53.
34.

8.
10.
17.
21.
44.
55.
59.
89.
83.
74.
45.
31.

1
|
|
|
i
|
1
|
|
1
I
|
I
1
1
I
|
|
1
|
|
i
I
|
|
|
i
1
|
|
|
1
|
1
|
|
1
|
|
1
I

0.
0.
0.
0.
1.
4.
4.
10 .
9.
7.
8.
3.

I
1
I
I
1
|
|
!
|
1
1
1

8113.
11353.
14161.
15030.
34503.
70158.
68701.
130235.
115456.
116094.
74288.
52761.

|
|
|
|
|
|
|
|
|
|
|
|

8113.
11353.
14161.
15030.
32503.
45658.
48508.
80936.
73456.
74794.
41488.
34461.

i
1
1
|
|
|
|
|
1
|
!
1

0.
0.
0.
0.
2000.
24500.
20193.
49299.
42000.
41300.
32800.
18300.

|
1
1
|
|
1
1
|
|
|
!
|

1 9 7 8 - J A N . . .1
—F E B . ••|
-M A R .. • |
-A P R ...I
-M A Y ...I
-JU N ...|
- J U L . ••1
-A U G ...I
-S E P ...I
- O C T . . .1
- N O V . . .1
-D E C ...I
1

23.
31.
51.
43.
93.
109.
128.
161.
160.
159.
117.
76.

23.
31.
49.
42.
85.
100.
122.
150.
147.
144.
102.
69.

1
|
i
|
|
|
|
|
|
|
|
|
i

0.
0.
2.
1.
8.
9.

11*
1 3.
15.
15.
7.

|
|
i
1
!
|
|
1
1
|
|
|

35588.
52858.
51892.
49400.
114954.
133794.
150938.
206810.
204226.
235448.
180107.
131159.

|
I
|
I
|
|
|
1
|
I
|
|

35588.
52858.
50535.
44686.
88968.
101623.
119581.
158153.
156046.
158958.
105834.
87763.

1
1
I
|
1
|
|
1
!
1
|
I
t

0.
0.
1 35 7 .
4714.
25986.
32171.
31357.
48657.
48180.
76490.
74273.
43396.

1
1
i
|
|
|
|
|
|
1
|
i

1979— J A N . • • |
-F E B ...I
- M A R . . .1
- A P R * . .1
— MAY. . . 1
-J U N ...I
-J U L .• .|
-A U G ...I
-S E P ...I
- O C T . . .1
—N O V .• . I
-D E C ...!

62.
82.
100.
114.
164.
177.
156.
165.
158.
155.
107.
63.

56.
74.
92.
106.
148.
163.
143.
156.
147.
143.
101.
58.

|
|
1
I
I
|
|
|
|
1
|
|

6•
8.
8.
8.
16 .
14.
1 3.
9.
11.
12 .
6.
5.

I
)
1
1
|
|
|
i
I
|
|
1

112467.
123199.
134302.
141221.
217666.
195382.
166925.
185863.
180358.
185185.
135023.
81172.

|
|
1
1
|
|
|
|
|
|
1
1

78597.
95949.
100166.
106178.
142576.
143859.
126754.
147963.
108602.
133947.
101323.
60557.

|
|
|
|
1
|
|
1
I
|
1
|

33870.
27250.
34136.
35043.
75090.
51523.
40171.
37900.
71756.
51238.
33700.
20615.

|
|
!
|
1
I
1
|
|
|
!
1

1973— A P R . . .1
- M A Y . . .1
-J U N ... |
- J U L . . .1
- A U G . . .1
- S E P . . .1
-O CT . . . 1
- N O V . . .1
- D E C . . .1
1
1
1 9 7 4 - J A N . •• |
-F E B ...|
-M A R ..,|
- A P R . . .1
-M A Y ... |
-JU N ...|
- J U L . . .1
-A U G ...I
- S E P . . .1
- O C T . . .1
-N O V ...I
- D E C • • .1
j

DE PO SI T

4

SIZE CLAS S IFIC ATION




IS

'

6

.

BASED ON AVERAGE O E P O S I T S

IN

1972.

26

DEPOSITS AND LOANS AT AGRICULTURAL BANKS
SEVENTH AND NINTH FEOERAL RESERVE DISTRICTS
I
1
1
1
1
1
1
1

PERCENTAGE CHANGE FROM PRE VIO US

TOTA L

1

DEMAND

197 A - J A N . .
-F E B ..
-M A R ..
-A P R ..
-M A Y ..
-JU N ..
-J U L ..
-A U G ..
-S E P ..
-O C T..
-N O V ..
-D E C ..

14.3
.1
15.8 1
# |* ** * * * * * * j * * * * * * * * *
# |* ** * * * * * * i * ** * ** ** *
•1
15.6 1
12.2
.(
14.9 I
11.6
.1
13.6 1
7 .9
.1
12.6 1
5 .7
.1
12.9 I
6 .2
.1
12.9 1
5 .4
6 .6
.1
13.3 I
.1
10.4 I
-0 .9
4 .9
.1
11.8 I
1
. | * ** * ** ** * |* * * * * * * * *
. |* * * * * * * * * | * * * * * * * * *
. |* ** * * * * * * |* ** * * * * * *
. j * * * * ** ** * |* * * * * * * * *
. j * * * * * * * * * |* * * * * * * * *
. j ********* j *********
. 1 * * * * * * * * * j * ** * * * * * *
. j * ** * * * * * * j * * * * * * * * *
. j ********* j *********
• j ********* j *********
. |* ** * * * * * * j * * * * * * * * *
. j ********* j *********
■
1
. |* ** * * * * * * |* ** * * * * * *
. |* * * * * * * * * | * * * * * * * * *
. |*** * ** ** * | * * * * ** ** *
. |* * * * * * * * * |*** * * * * * *
. j * ** * * * * * * j * * * * * * * * *
. j * ** * * * * * * j * ** * * * * * *
. |* ** * * * * * * |* ** * * * * * *
# |* ** * * * * * * j * ** * * * * * *
. |* ** * * * * * * j * ** * * * * * *
.| 6 6 * * * * * * * |* ** * * * * * *
. |* * * * * * * * * 1* * * * * * * * *
. j********* j *********
2

1 9 7 6 -J A N ..
-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 97 7 -J A N ..
-F E B ..
-M A R ..
-A P R ..
-M A Y ..
-J U N ..
-J U L ..
-A U G ..
-S E P ..
-O C T..
-N O V ..
-D E C ..

|* ** * * * * * *
j * ** * * * * * *
j * ** * * * * * *
i *********
j * ** * * * * * *
j *********
j * ** * * * * * *
i *********
i *********
j *********
j * * * * ** ** *
j * ** * * * * * *

1

T IM E

| * ** *** ***
|* ** * * * * * *
j *** * ** ** *
j * * * * ** ** *
j * * * * ** ** *
j * * * * ** ** *
j * * * * ** ** *
| * ** * * * * * *
|*** * ** ** *
j * ** * ** ** *
j * * * * ** ** *
j * ** * * * * * *
1

16.9

j * ** * * * * * *
|* ** * * * * * *
1
18.2
1
17.2
1
17.3
1
17.3
I
17.1
1
17.6
1
17.7
1
17.8
I
16.5
| * ** * * * * * *
|*** * * * * * *
|* * * * * * * * *
|* ** * * * * * *
j * * * * ** ** *
j * * * * ** ** *
j * ** * * * * * *
j * ** * * * * * *
j * ** * * * * * *
j * *** ** ** *
|* ** * ** ** *
j * ** * * * * * *
j *********
1 * * * * ** ** *
}*********
j*********
j ** * * * * * * *
|* ** * * * * * *
j * * * * ** ** *
j * ** * * * * * *
j ** * * ** ** *
j ** * * ** ** *
| * ** * ** ** *
j * ** * ** ** *

•i
.1
.1
.1
.1
.1
.1
•1
.1
.1
. 1
.1
j

n . i
1 0.8
11.5
12.1
11.9
10.9
10.3
10.1
9 .2
8 .2
8 .6
9 .0

1
1
1
1
1
1
I
1
1
1
1
1

3 .0
1 .8
4 .3
5 .7
5 .0
3 .3
1 .2
0 .8
-1 .4
-2 .6
0 .5
2 .2

1
1
I
1
1
1
1
1
1
1
1
1

14.8
14.7
14.6
14.8
14.8
14.3
14.2
1 3.9
13.7
12.7
12.0
11.9

197 8— J A N . • • 1
- F E B . . .1
- M A R . . .1
- A P R . . .1
- M A Y . . .1
- J U N . . .1
- J U L . . .1
- A U G . . .1
- S E P . . •1
- O C T . . .1
- N O V . . .1
-D E C . . .1
|
1 9 7 9 -J A N .•. 1
- F E B . . .1
- M A R . . .1
- A P R . . .1
- M A Y . . .1
- J U N . . .1
- J U L . . .1
- A U G . . .1
- S E P . . .1
- O C T . . .1
- N O V . . .1
- D E C . . .1

9 .5
8 .7
8 .7
8 .6
8 .2
8 .8
8 .7
8 .6
9 .2
10.1
9 .8
8 .4

1
1
1
1
1
1
1
1
1
1
1
1

4 .1
2 .6
3 .7
3 .5
4 .0
6 .5
7 .1
7 .0
9 .2
11.7
10.1
5 .6

1
1
1
1
1
1
1
1
1
1
1

11.7
11.1
10.7
10.6
9 .8
9 .7
9 .3
9 .2
9 .2
9 .5
9 .6
9 .5

8 .3
8 .5
6 .8
7 .0
7 .0
6 .5
8.1
7 .9
7 .6
7 .5
7 .1
7 .4

1
1
1
1
1

1
1
1
1
1
1
1

1

1
5 .7 1
0 .6 1
6.4

1 .8
0 .7
0 .4
3 .4
1 .8
0 .2
-1 .3
-2 .9
-2 .0

YEAR

1
| * ** * * * * * *
|* * * * * * * * *
j *********
|* ** * * * * * *
|* * * * * * * * *
j * ** * * * * * *
j * ** * ** ** *
|* ** * * * * * *
|* * * * * * * * *
j *********
|*********
j *********
1
1
16.7
j * * * * ** ** *
j *********
I
16.6
1
17.5
1
17.1
1
17.9
1
15.7
1
14.8
1
13.7
1
14.0
1
13.2
1
|* * * * * * * * *
j *********
j * ** * * * * * *
j *********
| * * * * ** ** *
j *********
j*********
|* * * * * * * * *
j *********
j *********
j*********
j *********
•
1
|* ** * * * * * *
|* * * * * * * * *
j *********
I *********
j *********
|* * * * * * * * *
j *********
|* * * * * * * * *
|* * * * * * * * *
j *********
j ** * * * * * * *
I *********
I
1
1
18.7
1
18.5
1
19.3
1
18.7
1
14.6
1
19.4
1
2 0.7
1
21.2
1
21.7
1
21.3
1
19.8
1
19.1
1
1
17.1
1
16.5
1
15.1
1
14.3
1
13.5
1
13.0
1
12.0
1
12.9
1
12.3
1
12.6
1
13.6
1
13.7
l
1
1
14.6
1
14.8
1
14.9
1
15.2
1
15.6
1
13.9
1
13.5
1
11.8
1
12.1
1
11.6
1
10.8
1
10.3

|
0.4 80
| * ** *** ***
|*** * ** ** *
|
0.507
j
0 .516
j
0 .519
}
0 .5 1 9
|
0 .5 28
j
0.531
|
0 .5 2 9
|
0 .5 20
j
0.5 23
1
0 .514
|
|
0 .5 0 3
j
0 .5 1 0
0 .5 09
|
0 .5 23
1
0 .5 29
|
0 .5 35
|
|
0 .5 35
0.532
I
0 .5 26
|
0 .530
|
0 .523
1
1
|
0 .5 2 5
|
0.5 26
|
0 .5 32
|
0.527
}
0.542
j
0 .536
j
0 .533
j
0 .5 30
j
0 .5 2 8
j
0 .524
|
0 .5 26
j
0 .5 39
i
1
|
0.5 37
j
0 .537
}
0 .543
|
0 .5 45
j
0 .572
j
0 .551
j
0.5 60
j
0.561
j
0 .558
j
0 .5 5 5
j
0.561
j
0 .568
i
1
|
0 .5 74
0 .574
1
0 .5 81
|
|
0 .5 78
|
0 .5 86
|
0 .5 9 3
|
0.6 12
0 .6 1 7
1
|
0.6 21
0 .623
|
0.6 19
|
|
0 .621
1
0.6 14
|
1
0.6 16
0 .617
|
0.6 08
|
|
0.615
|
0 .6 1 6
|
0.631
|
0.6 42
0 .639
|
|
0.637
|
0.641
0 .6 5 1
|
i
1
0 .6 4 9
|
0.6 51
|
0.6 62
|
0.655
|
0 .6 64
|
0.663
1
0 .662
|
0 .665
|
0 .6 66
1
0.661
1
0.663
1
0.668
|

1
J

. | * ** * * * * * *
«.{* * * * * * * * *
.|*********
. j *** * ** ** *
. j * ** * * * * * *
. j * ** * * * * * *
. j * ** * * * * * *
. j *********
. j * ** * * * * * *
. j *********
. j * ** * * * * * *
. j * ** * * * * * *

{C H I C A G O )

|
LOAN1
1 D E P O S IT
R A T IO
|
1_

D E P O S IT S

1 9 7 3 -JA N ..
-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 97 5 -JA N ..
-F E B ..
-M A R ..
-A P R ..
-M A Y ..
-JU N ..
-J U L ..
-A U G *.
-S E P ..
-O C T ..
-N O V ..
-D E C ..

RESERVE D I S T R I C T

SEVEN TH FEDERAL

1
1
1
1
1
1
1
1

1

9 .1
10.9
9 .1
8 .9
9 .2
8 .8
9 .8
10.0
10.2
10.7
10.9
10.9

LOANS

1
1
1
1
|
|
|
1

N I N T H 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
PE RCENTAGE CHANGE FROM PRE VIOU S YEAR
D EP O SI TS
TOTAL

1

DEMAND

1

TIM E

1
1
I

LOANS

1
I
1
1
1

LOANDEPO SIT
RATIO

1
|
|
|
1
|
|
1
1
|
|
|

13.7
1 7.0
15.9
15.2
15.9
16.8
16.5
15.5
16.4
15.4
15.6
13.4

9 .0
15.1
12.8
10.5
13.8
16.8
17.7
15.2
18.1
14.4
13.4
7 .7

|
|
1
|
|
|
|
|
1
|
|
|

16.6
18.1
17.6
17.8
17.1
16.8
15.9
15.6
15.6
16.0
16.9
16.8

|
|
|
|
1
|
|
|
|
|
|
|

14.0
14.6
1 5.8
16.4
1 6.0
15.9
16.5
13.2
1 9.4
21.5
22.7
2 1.3

1
1
1
1
1
1
1
1
I
1
1
1

0 .5 51
0 .5 57
0.5 62
0 .5 7 8
0 .5 88
0 .5 93
0 .5 98
0 .5 77
0.5 89
0 .601
0 .5 88
0 .5 86

|
1
|
|
(
|
|
|
|
|
|
1

16.4
16.3
19.2
18.1
16.3
14.8
13.8
15.8
10.8
11.3
8 .7
8 .7

15.4
14.5
2 1.7
17.9
1 2.4
9.1
6 .6
14.2
1.1
3 .3
-2 .3
-0 .8

|
1
|
|
|
|
1
1
1
|
|
|

17.0
17.3
17.8
18.2
18.3
17.8
17.7
16.6
16.1
15.7
15.0
14.0

|
|
|
1
|
1
|
|
|
|
|
|

2 3.3
20.7
1 8.0
1 7.3
1 9.5
19.5
1 8.8
24.1
18.8
1 7.5
1 5.0
1 3.6

1
1
1
1
1
1
1
1
1
1
1
1

0 .5 84
0 .5 78
0 .557
0 .5 74
0 .6 04
0 .6 17
0 .6 24
0 .6 19
0 .631
0 .6 34
0 .6 22
0 .6 13

i
|
1
|
|
|
|
|
|
|
|
|

8 .8
7 .6
5 .4
5 .6
7 .7
9 .6
9 .7
7 .4
11.0
9 .9
10.7
11.3

1 .1
-3 .0
-7 .9
-6 .9
-2 .6
1 .5
0 .9
-6 .5
3 .8
3 .1
3 .6
4 .6

1
1
|
|
|
1
|
|
|
|
|
|

13.4
13.2
12.8
12.2
12.8
13.5
14.0
14.4
14.5
13.2
14.1
14.6

|
1
1
|
|
1
|
|
|
1
|
|

13.6
12.3
13.3
13.4
11.1
9 .4
10.2
9 .2
9 .5
7 .9
8 .6
11.8

1
1
1
I
1
1
1
1
1
1
1
1

0.6 09
0 .6 04
0 .5 99
0 .617
0 .6 24
0 .6 16
0 .6 27
0 .6 29
0 .6 2 2
0 .6 2 3
0 .6 10
0 .616

|
|
1
|
|
|
|
|
|
|
|
|

9 .6
10.1
8 .2
9 .6
9 .0
8 .6
8 .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

|
|
1
|
1
|
|
1
|
|
1
|

14.9
13.3
11.3
11.4
11.0
10.8
10.6
10.9
11.1
12.6
11.8
11.6

|
|
1
|
|
|
|
|
1
|
|
|

9 .1
12.8
11.3
10.5
10.9
13.0
11.3
12.4
1 3.4
14.0
14.4
1 2.6

|
1
|
1
|
1
|
|
|
|
|
|
1
1
|
|
|
|
I
|
|
1
|
|

7 .4
7 .2
8 .8
8 .7
9 .1
8 .6
8 .0
7 .8
8 .5
7 .7
7 .6
7 .4

11.1 |
10.6 |
12.1 1
12.2 1
12.2 1
11.7 |
10.8 1
1 1.0 |
10.6 |
10.0 1
9 .4 |
9 .1 |
1
8 .9 1
8 .8 |
9 .0 |
9 .0 |
9 .1 |
9 .3 |
9 .4 |
8.5 |
8.6 |
8 .5 1
8.9 |

12.4
12.9
14.7
14.3
14.3
1 3.4
14.9
1 4.4
13.4
14.0
14.7
13.7

|
|
1

8 .5
7 .9
8 .2
8 .6
8 .8
9 .6
9 .7
8 .6
8 .8
9.1
9 .5
* ** * * * * * *

-0 .8 |
-1 .1 1
0 .8 |
0 .2 |
1*2 1
1.0 1
0 .8 1
-0 .1 |
3 .3 1
2 .1 1
3 .0 |
3 .2 1
1
7 .7 |
5 .6 |
6 .1 |
7 .5 |
8 .0 |
10.6 |
10.8 |
9.1 |
9.3 |
10.7 |
10.9 |

|*********

*********
|** ** ** ** * |** ** ** ***
*********
|*********
|****** ** * |****** ** *
*********
|*********
| * * * * ** ** * | * * * * * * * * *
| * ** * ** ** *

j * ** * * * * * *
j * ** * * * * * *
j * ** * * * * * *
|* ** * * * * * *
j *********
|* * * * * * * * *

j *********
j * ** * * * * * *
* ** * * * * * *
|* ** * * * * * *
j * * * * ** ** *
j * * * * ** ** *

|** ** ** ***

13.9
13.2
13.4
12.5
13.2
13.2
13.0
13.4
13.2
12.9
14.3

|** ** ** ***

1
0 .6 0 7
1
0 .6 19
1
0 .6 16
1
0 .6 2 2
1
0 .6 35
1
0 .6 4 0
1
0 .6 4 5
i
0 .6 4 9
1
0 .6 5 4
1
0 .6 50
1
0 .6 4 4
1
0 .6 42
1
1
0 .6 3 5
1
0.6 51
1
0 .650
1
O.o54
1
0 .6 6 5
1
0 .6 69
1
0 .6 86
1
0 .6 89
1
0 .6 84
1
0 .688
1
0 .6 87
1
0.6 80
1
I
0 .6 66
1
0 .6 83
i
0.6 81
1
0 .677
1
0.692
1
0.690
1
0 .707
1
0 .7 19
1
0.711
1
0 .711
1
0 .717
j* * * * * * * * *

i
i
1
1* * * * * * * * * | * * * * * * * * * | * * * * * * * * *
I * * * * * * * * * 1* ** * *** ** j * * * * * * * * *
1* * * * * * * * * 1** ******* j * * * * * * * * *
1* * * * * * * * * 1 * * * * * * * * * j * * * * * * * * *
1* * * * * * * * * l * * * * * * * * * j * * * * * * * * *
| * * * * * * * * * | *** *** *** 1 * * * * * * * * *
} * * * * * * * * * j *** * ** ** * j * * * * * * * * *
j * * * * * * * * * 1***** *** * | 6 6 6 « 6 6 6 * *
1********* I********* j * * * * * * * * *
|* ** * ** ** * | * ** * ** ** * |6 * * * * * * * *
)* * * * * * * * * j * * * * ** ** * |* * * * * * * * *
j * * * * ** ** * j * ** * * * * * * j * * * * * * * * *

DATA FOR THE SEVENTH DISTRICT COVER MEMBER BANKS HAVING A RELATIVELY LARGE PROPORTION OF AGRICULTURAL LOANS ANO
LOCATED IN TOWNS WITH POPULATION UNDER 15vOOO. DATA FOR THE NINTH DISTRICT COVER MEMBER BANKS AT WHICH AGRICULTURAL
LOANS EXCEEDED 20 PERCENT OF TOTAL LOANS AS OF JUNE 1969. FOR BOTH DISTRICTS* LOANS ARE GROSS LOANS LESS FEDERAL
FUNDS SOLD AND SECURITIES PURCHASED UNOER AGREEMENTS TO RESELL.




TABLE 312.3

27

DEPOSITS AND LOANS AT AGRICULTURAL BANKS
SIXTH FEDERAL RESERVE D IS TR IC T ANO TEXAS
I
|

S IX TH FEDERAL RESERVE D IS T R IC T (A TLA N TA )
MONTHLY AVERAGE ENDING SECOND WEDNESDAY OF MONTH

1

PERCENTAGE CHANGE FROM PREVIOUS YEAR

I

DEPOSITS

JLQlAi____I__ DEMAND
1973—J A N ..■1 *********
-F E B . . . 1*********
-M A R ...| *********
- A P R . . , | *********
-M A Y ... | *********
- J U N . . . I *********
- J U L . . . I *********
- A U G . . . I *********
- S E P . . .1 *********
- O C T . . . I *********
- N O V . . . I *********
- D E C . . . 1 *********
1974— J A N .• . |*********

- F E B . . •1 *********
- M A R ...1 *********
- A P R . . . I *********
- M A Y . . . I *********
- J U N . . .1 *********
- J U L . . . I *********
- A U G . . . I *********
- S E P . . . | *********
—O C T •••1 *********
-N O V . . . 1 *** * ** ** *
- D E C . . . I * * * * ** ** *
1 9 7 5 - J A N . . . | *********

- F E B . . . I *********
-M A R .••|*********
- A P R . . . I •*♦*♦**•*
—M A Y.••|*********
- J U N . . .1 *********
- J U L . . .1 * ** * ** ** *
-A U G .. . | *** ** * ** *
- S E P . . . I * * * * ** ** *
—O C T. . . | *********
- N O V . . . I *********
— D E C .••1 *********
1 9 7 6 -J A N . . . ! *********
-F E B ...I
8 .6
-M A R . . •(
9 .9
-A P R ... !
ID .2
-M A Y ... !
10.7
9 .9
—J U N . . . 1
9 .4
-J U L .• . |
-A U G ...I
9 .7
9 .0
- S E P . . •1

1
1

L

* ** * *** **
* ** * *** **

*********
*********
*********
*********
*********

1

|*********
2*********
j *********
j *********
j *********
j *********
j *********
j *********
i *********
j *********
j *********
2*********
i■
!*********
i
1 0.9

1 0 .9

9 .6
7 .8
8 .2
9 .5
8 .6
8 .2
7 .8
5 .8
5 .9
7 .0
7.8

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

1
1
!
i
1
1
1
i
1

-S E P ...!
- O C T . . .|
-N O V . • . |
-D E C ...!

11.1
10.•
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

1
I
1
1
1
1
!
1
1
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

1 9 7 9 - J A N . , .1

9 .2

-F E B ...I
-M A R ...!
-A P R ...!
-M A Y ...I

7 .7
6 .6

4 .9
2 .3
0 .2
-0 .4
0 .6
0 .9
0 .3
-0 .4
-1 .9
-4 .2
-5 .6
-5 .2

J
1
1
!
1
i
I
i

11.5
10.4
10.0
9 .6
9 .3
9 .2
9.6
10.1
9 .4
8 .6
7.9
8 .4

-O C T ...I

-N O V ...!
-D E C ...!
1977— J A M . ••|

-F E B ...1
—M A R ..•|
—A P R .••|
- M A Y . . .|
— J U N . . «|
—J U L . . . 1
-A U G ...I
-S E P ...!
- O C T . . .|
— N O V . . .1

- D E C . . .1
197®—J A N . ••|

-F E B ...I
— M A R . . •|
—A P R .. . |
-M A Y ...!
-JU N ...I

- J U L . . .1
-A U G ...!

9 .8
10.9

- J U N . . •1
— J U L . ••|

6 .2
6 .3
6 .4
6 .5

-A U G ...I
- S E P . . .1
—O C T . . .1
— N O V . • •|
-D E C ...!

5 .6
4 .3
3 .3
3 .8

6 .6

1
1
i
S
i
!
1
1
1
i
j

11.1
11.4
11.4
10.7
10.7
10.7
10.7
12.0
13.2
12.7
12.9
13.2
13.0
13.0
13.0
13.4
13.9
14.0
14.2
12.4
12.5
13.4

I
(
)

I
1

1
1

1
1
1
1

LOAN—
DEPOSIT
R ATIO

|
|
1

I I ME

|*********
j *********
j *********
j *********
|*********
j *********
|*********
j *********
}*********
|*********
j *********
j *********
I
********* j *********
********* j *** *** ***
********* |*********
********* j *********
********* j *********
********* |*********
********* |*********
********* j *********
********* j *********
********* j *********
* ** * *** ** j *********
*** * ** ** * j * ** * *** **
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********

*********
*********
*********
*********
*********
*********

LOANS

!
1
1
1

TEXAS
1
1
1
1 PERCENTAGE CHANGE
LOAN1 FROM PREVIOUS YEAR
OEPOSIT 1
RATIO
LOANS
1 DEPOSITS 1

|*********
2*********
j *********
2*********
j *********
j*********
|*********
j*********
2**444*44*
|*********
2*444*444*
2*********
1
|*********
J*********
2**444444*
2*4*44444*
2*****444*
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2*********
24********
244444444*
24***4*44*
j *4*4*4*44
j 4*444*4*4
1
1**444*44*
|*********
1*444444444
j 4* 4*44444
2*********
2*********
144***4444
2* ** * * * * * *
2*44**444*
24*4**444*
2**4******
2*********
1
|**4*4*444
!
5 .7

|*********
j*********
j *********
j*********
2*444*4**4
J*********
J*********
J*********
J*********
j *********
2*444**444
j *********
1
)*********
J44***444*
J*********
2***444444
|*********
|*********
|*********
2*4444**44
2**444*4**
2*44***4 44
j*********
j*********
1
1****44444
|
0.583
|
0 .5 80
j
0 .570
j
0 .5 82
j
0 .5 79

I

8 .1
9 .3
9 .0
11.6
12.8
13.6
13.7
13.3
13.7
16.1

i
1
!
I
|
1
|
|
!
I
1

1 5 .1

1

15.0
15.9
15.7
15.0
17.0
17.2
17.7
17.7
18.0
18.5
18.5

|
1
|
|
I
i
|
|
|
|
1
1
1
|
1
|
!
|
|
1
|
|
1
1
!
1
1
!
!
!
!
!
!
!
|
|
i
|
!

i
1
!

I
!
1
i
1
1
i
i
i
1
i
1

1
1
1

\
!
i
1
l
1
1
i
1
!
1
!
1
i
)
!
!
!
iI
i
!
!
!
1
1
)
!
!
!
I
1

16.9
16.7
17.3
16.6
12.8
12.8
12.7
13.5
16.3
13.8
13.3
12.6
12.6
11.9
12 .5

13.3
13.6
12.9
12.6
U ,i
9 .2
8 .9
7 .7

6 .6

*********
***4*4*44
*********
*********
*********
*********
*44*44*4*
*4**44***
****4**44
********4
*********
*********
*********
*********
*********
***4*4*4*
*********
*********
*****4**4
*********
*********
*********
444444*4*
*********

*********
*********
*********
*********
*********
444**4*4*
****44*4*
*********
*********
*********
*4*******
4********

|*********
2444******
|*********
24********
J*********
{*********
J*********
2444******
1*********
|*********
|*********
j *********
1
********* |
0 .444
********* 2
0.4 47
********* 1
0.4 64
********* 1
0 .473
********* j
0.496
********* j
0 .5 0 1
********* 2
0.506
********* 2
0 .5 10
********* 1
0 .519
* ** * ** ** *
* 44 * 44 ***

2

*****4***

2
2

11.4
9 .0
7 .1

1
1
1

0 .520
0.5 15
0.5 08
0 .501
0 .491
0.490
0 .4 9 1
0.497
0 .4 93
0.4 89
0.4 85
0 .4 87
0.488
0 .4 86
0.4 94

2
2

0 .5 78
0.583
0.5 81
0.5 81
0.582
0 .580

-1 .2
-0 .7
1.4
2 .4
4 .7
6 .4
8 .0
9.7
11.6
13 .1
14.0
14.0

10 .7

1

1
|
!

0 .5 70
0 .5 67

15.9
15.4

10 .8
12 .1

1
1

0.57 1

1 5 .0

|

0.566

0.597

15.3
14.1
12.9
12.1
10.5
10.1
10.0
10.2
11.3

13.0
14.4
16.4
18.2
19.8
21.3
21.3
2 0.9
20.3
17.6

0 .5 96
0.598
0 .5 98
0.599
0 .6 16
0 .628
0 .6 32
0.663
0 .6 46
Of 666
0 .662
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

17.4
18.2
18.9
19.9
19.5
19.0
18.9
18.6
18.9
17.8
16.8
17.6

|
1
|
|
1
1
|
|
|
|
|
|
1

0 .5 02
0.505
0.516
0.526
0 .5 47
0.555
0.560
0.568
0.572
0.5 67
0.557
0 .5 52

0.623
0.628
0 .6 22
0 .606
0.608
0.620
0.629
0.647
0.646
0 .644
0 .638

10.5
10.9
11.3
11.8
13.0
13.3
12.6
12.6
12.2
11.8
11.1
10.0

17.3
16.7
16.9
15.1
15.1
15.1
15.6
15.7
15.8
16.7
17.8
17.9

1
1
|
1
i
|
i
J
|
|

0 .5 3 3
0 .531
0.542
0 .5 41
0 .5 57
0.564
0 .575
0 .5 84
0.5 90
0 .592
0 .591
0 .5 92

0.6 40
0 .651
0.646
0.643
0.6 48
0 .6 5 8
0 .664
0 .6 7 0
0 .6 70
0.674
0 .6 68
0 .656

8 .6
8 .8
9 .3
9 .8
9 .5
10.6
11.9
11.5
12.4
13.3
14.1
14.6

18.6
18.2
1 7.4
17.0
15.4
14.5
13.9
13.3
13.4
13.6
13.2
12.2

j

{
2
2

0 .5 7 3
0 . 588
0 .5 96
0 .6 03

0 .6 0 6
0.599

0.59 6

0 .6 6 6

6 .3
5 .0

1
1

4.8
4 .2
4 .3
4 .7
6 .0

1
1
1
1

7 .6

1
1

|
|
|
!
|
|
|
|
|
2

\

i
•
1
i
|
1
|
I
1
i
!
|
1
|
1

0.479
0.477
0.482
0.4 87
0 .5 07
0.516
0 .522
0.533
0.536
0 .5 36
0.531
0 .5 2 1

0 .582
0 .577
0 . 5 82
0.577
0 .587
0 .584
0.585
0.594
0.595
0.5 93
0 .5 8 6
0 .579

OATA FOR THE SIXTH DISTRICT ARE FOR MEMBER BANKS AT WHICH AGRICULTURAL LOANS COMPRISE 15 PER CENT OR MORE OF TOTAL LOANS.
DATA FOR TEXAS ARE FOR A SAMPLE OF MEMBER BANKS AT WHICH AGRICULTURAL LOANS COMPRISE 25 PER CENT OR MORE OF TOTAL LOANS.
FOR BOTH DISTRICTSt LOANS ARE GROSS LOANS LESS FEDERAL FUNOS SOLD ANO SECURITIES PURCHASED UNDER AGREEMENTS TO RESELL.




A P P E N D I X T A B L E 1.
28

SURVEY

OF

LO ANS

TERM S
TO

OF

BANK

FARMERS

L E N D IN G

MADE

DUR ING

NOV

5 -1 0 ,

1979

S IZ E CLASS OF LOAN I I N THOUSANDS)
$1-9

$ 10 -2 *

$25 -* 9

$ 50-99

$100-2*9

8 25 0
AND OVER

$ 16 0,26*
*2,*80
7.3

$ 18 *,*26
12,830
7.1

$181,529
* ,9 33
6 .9

$ 2 3 * ,6 51
3 ,6 10
7 .3

$ 2 * 8 ,3 1 1
1,67*
5 .8

8187,688
*09
7 .3

AL L
S IZ E S
ALL BANKS
AMOUNT OF LOANS (T H O U SA N D S)
NUMBER OF LOANS
WEIG HTE D AVERAGE M A T U R IT Y (MO NT HS )

$1 , 1 9 6 , 8 6 9

1/

6 5,936
6 .9

12.88
.*6

13.20

.*1

13.32
.5 1

13.11
.9*

1 1.83 -13 .8 0

1 1 .7 2 -1 * .* 2

12. 0 0 - 1 * . * 1

12 . 0 0 - 1 * . 0 0

13.86
.9 8
1 3.*2 -13 .8 0

15.35
1 .1 6
1 3 .4 2 -1 7 .5 5

12.03
12.17
13.03
13.03
13.39

13.20
12.55
13.28
13.75
12.9*

12.87
1*. 19
13.81
13.53
13.30

13.**
11.57
12.96
12.09
1*.16

13.*5
*
15.*5
*
1* . 22

15.2*
*
16.77

2* . 9

2.2
10 . 1

9 .1
18.6

13.8
25.2

10. *
13.2

11.1
20.8

*7.7
63.5

* 1.7

10. 1

17.7
8.*
*7.6

*7.1
7 .0
28.5

7 0.9
*
15.6
*

8.6

50.7
*
2 0.9
*
2* . 8

13.63
WEI G HT ED AVERAGE I N T E R E S T RATE ( 4 ) 2 /
.2 6
STANDARD ERROR 1/
12 . * 2 - 1 * . * 9
I N T E R Q U A R T I L E RANGE 4 /
BY PURPOSE OF LOAN:
13.51
FEEDER L IV E S T O C K
12.92
OTHER L IV E S T O C K
13.6*
OTHER CURRENT OP E RA TI NG EXPENSES
FARM MACHINERY ANO EQUIPMENT
1 3 . 16
1 * . 55
OTHER
PERCENTAGE OF AMOUNT OF L OA NS:
WIT H F L O A T I N G RAT E
MADE UNDER COMMITMENT
BY PURPOSE OF LOAN:
FEEDER L I V E S T O C K
OTHER L IV E S T O C K
OTHER CURRENT O PE R AT IN G EXPENSES
FARM MACHINERY AND EQUIPMENT
OTHER
LARGE BANKS
AMOUNT OF
NUMBER OF
W EIG HTE D

5/
LOANS (T H O U SA N D S)
LOANS
AVERAGE M A T U R IT Y (MO NTH S)

1/

15.6

6.8
12.8

20.0

10.8

7 .7

15.5

*.2
12.0

* 0.1
7 .5
36.*
6.*
9.5

$201,88*
3 ,102
5 .6

$5,23*
1,268
5 .3

$ 10 ,7 0 0
706
5 .1

$ 1 6 ,2 5 6
*76
6 .7

$1* 7 81 9
268
8 .9

$33 ,* * 5
227
5 .3

$11 8 ,* 30
157
5.1

15.*0

15.36
.30
1 3.57 -17 .3 0

1 5 . *6

1 3 .5 0 -1 7 .* 9

1 3.52 -17 .2 7

15.71
.8 2
1 3.8 0 -1 7 .5 8

16.16
.5 5
1 5 .2 5 -1 7 .6 0

16.57
.55
1 5.8 5 -1 7 .8 1

16.58
16.56
1* . 88
1*. 7*
15.89

16.27
1 * . 83
15.16
1* . 83
15.80

15.93
16.12
15.08
13.77
15.96

16.09
15.*9
15.**
15.53
16.0*

16.10
*
15.68
*
16.76

16.30
*
16.37
*
17.21

38.2
55.2

* 9.3
62.9

56.1
68.5

52.0
6* . *

82.2
76.5

71.1
9 3.9

11.2
8.1

15.9

21.0

1*.8

52.1

39.8
7 .0

1*. 5
3 *.9
5 .6

21.0

22.2

26.7
*
35.0
*
25.1

38.2
♦ .*
2 6* 4
* 29.7

6.0

OTHER BANKS 3/
AMOUNT OF LOANS (T H O U SA N D S)
NUMBER OF LOANS
WE IG HT ED AVERAGE M A T U R IT Y (MONTH S)

9 .8
52.1

32.3

16.2*
WE IG HT ED AVERAGE I N T E R E S T RATE ( 4 ) I t
.1 5
STANDARD ERROR 3 /
I* . 93-17.81
I N T E R Q U A R T I L E RANGE 1 /
BY PURPOSE OF LOAN:
16.2*
FEEDE R L I V E S T O C K
16.13
OTHER L I V E S T O C K
15.85
OTHER CURRENT O P E R A TI N G EXPENSES
FARM MACHINERY ANO EQUIPMENT
1* . 7 2
16.89
OTHER
PE RCE NTA GE OF AMOUNT OF LO A NS :
WITH F L O A T I N G RATE
MADE UNDER COMMITMENT
BY PURPOSE OF LOA N:
FEEDE R L I V E S T O C K
OTHER L IV E S T O C K
OTHER CURRENT O PE R AT IN G EXPENSES
FARM MACHINERY AND EQU IPMENT
OTHER

14.6*

.*1

68.0
83.7
30.8
7 .*
31.7

8.5

8.6
50.5
8. 1
2* . 1

2.2
26.9

.*0

8.1
20.1
$17 3 ,7 26
12,125
7.2

$ 16 5 ,2 72
* ,* 57
7 .0

$ 2 1 6 ,8 32
3 ,3 *2
7 .2

$ 2 1 * ,8 66
1 ,4 * 7
5 .8

$ 69,259
251

13.10
WE IG HTE D AVERAGE I N T E R E S T RATE ( 4 ) 2 /
.21
STANDARD ERROR 3/
I N T E R Q U A R T I L E RANGE 4/
12 . 0 0 - 1 3 . 8 0
BY PURPOSE OF LOA N:
FEEDER L IV E S T O C K
13.13
OTHER L IV E S T O C K
12.08
13.20
OTHER CURRENT OPE R AT IN G EXPENSES
FARM MACHINERY AND EQUIPMENT
13.06
13.26
OTHER

12.79

13.11
.3 1

1 2 .9 «

13.50
.8 1
1 3 .* 2 -1 3 .* 2

13.25

1 1 .7 3 -1 3 .7 2

13.07
.28
1 1 .7 2 -1 * .2 0

11.90
12.0 *
12.97
13.01
13.10

13.15
13.70
12.71

1/

PERCENTAGE OF AMOUNT OF LOA NS:
WITH F L O A T I N G RATE
MADE UNDER COMMITMENT
BY PURPOSE OF LOA N:
FEEOE R L IV E S T O C K
OTHER L IV E S TO C K
OTHER CURRENT O PE R AT IN G EXPENSES
FARM MACHINERY AND EQUIPMENT
OTHER
NOTE:

.21

1.0

5 .0
13.0

8 .5

**.0

10.1

5 .8
32.*
7 .7
9 .9

9 .9
52.2
20.*
7.1

13.09

o
0

$ 1 5 5 ,0 3 1
*1,213
7 .*

1
o
0
01

$99 * ,9 85
6 2,83*
7.1

.*5
1 1.57 -13 .7 2

12.77
13.75
13.63

12.*1

13.33
*
12.76

*

1.01
1 3 .4 2 -1 3 .4 2

13.31

*
*
*

*
*
*
*

*
*

12.81

10.8

*

6 .7
15.9

9 .7
20.9

7 .0
9 .0

.0
12.1

T.5
11.5

18.1
8.*
* 7.*

50.2
6 .3
27.3

* 1.7
*
36.5

77.7
*

*

•
*

ve
W
•
*

*

11.0

11.1

15.2

*

*

*

T H E SURVEY OF TERMS OF BANK L EN D IN G TO FARMERS COVERS ABOUT 250 BANKS S E L E C T E D TO REPRESENT ALL S IZ E S OF BANKS.
TH E SAMPLF DATA ARE C O L L E C TE D OVER ONE BUS IN ES S WEEK AND USED T O E S T I M A T E LEN D IN G TERMS AT ALL INSUREO COMMERCIAL
B A N KS . LOANS SECURED BY REAL E S T A T E , PURCHASED LO ANS , FOREIG N LO ANS , AND LOANS OF LESS THAN 8 1 , 000 ARE EXCLUDED FROM

THE SURVEY.
1/

THE WEIGHTED AVERAGE MATURITY IS CALCULATED ONLY FOR LOANS WITH A STATED DATE OF MATURITY (TH AT
ON DEMAND ARE EXCLU D ED ). IN COMPUTING THE AVERAGE, EACH LOAN IS WEIGHTED BY IT S DOLLAR AMOUNT.

I S , LOANS PAYABLE

2/

THE APPROXIMATE COMPOUNDED ANNUAL IN TE R E ST RATE ON EACH LOAN IS CALCULATED FROM SJRVEY DATA ON THE STATEO RATE AMD
OTHER TERMS OF THE LOAN? TH EN, IN COMPUTING THE AVERAGE OF THESE APPROXIMATE EFFEC TIVE RATES, EACH LOAN IS
WEIGHTED BY IT S DOLLAR AMOUNT.

3/

THE CHANCES ARE ABOUT 2 OUT OF 3 THAT THE AVERAGE RATE SHOWN WOULD DIFFER BY LESS THAN TH IS AMOUNT FROM THE AVERAGE
RATE THAT WOULD BE FOUND BY A COMPLETE SURVEY OF LENDING AT ALL BANKS.

1/

THE IN TERQ U AR TILE RANGE SHOWS THE IN TEREST RATE RANGE THAT ENCOMPASSES THE MIDOLE F IF T Y PERCENT OF THE TOTAL DOLLAR
AMOUNT OF LOANS MADE.

i/

MOST "LARGE BANKS" (SURVEY STRATA 1 TO 3) HAO OVER $*00 M ILLIO N IN TO TA L ASSETS AS OF 9 /3 0 /7 8 ; THE SMALLEST
BANK SURVEYED IN T H IS GROUP HAD TO TAL ASSETS OF $395 M IL L IO N . MOST "OTHER BANKS" (SURVEY STRATA * TO 6 )
HAO TO TA L ASSETS BELOW $*00 M IL L IO N ; THE LARGEST BANK SURVEYED IN T H IS GROUP HAD TOTAL ASSETS OF $*32 M IL L IO N .
* FEWER THAN 10 SAMPLE LOANS.

NOTE:

As of this issue of Statistical Release E.2, the classes "large banks" and "other banks" in this table have
been redefined (see footnote 5) to reflect better the different cyclical behavior of average farm loan interest
rates at large (money-market and large regional) banks and at smaller banks. Weighted average effective
interest rates (see footnote 2) in earlier surveys are shown below for the new classification of banks.
Feb.
1977

May
1977

Aug.
1977

Nov.
1977

Feb.
1978

May
1978

Aug.
1978

Nov.
1978

Feb.
1979

May
1979

Aug.
1979

Nov.
1979

All banks.......

8.82

8.74

8.73

9.06

9.16

9.31

9.62

10.36

11.01

11.20

11.28

13.63

Large banks.....
Other banks.....

8.34
8.95

8.08
8.95

8.40
8.91

9.13
9.06

9.32
9.11

9.61
9.17

10.37
9.34

11.73
9.98

12.53
10.45

12.82
10.71

12.88
10.93

16.24
13.10




29

A p pe nd ix Ta bl e 2.

P e r c en ta ge di st ri bu ti on of non-real -e st at e farm loans at banks,
by ef fe ct iv e interest ra t e 1 *2
1
I
|
1

Nov.
1977

May
1978

Aug.
1978

Nov.
1978

Feb.
1979

May
1979

Aug.
1979

Nov.
1979

100

100

100

100

100

100

100

100

_
1
38
50
9
1
-

_
35
48
11
6
-

_
20
50
22
6
1
-

_
8
32
37
11
7
4

-

-

4
14
32
22
12
10
5
1
-

_
2
11
29
33
14
7
5
1
-

-

-

4
17
35
19
12
6
6
-

1
7
10
15
35
13
4
6
5
3
-

100

100

100

100

100

100

15
-

1
1
30
44
20
3
“

_
1
6
27
18
30
18
1
-

_
2
19
12
28
17
20
2
-

_
9
13
33
26
18
2
“

_
1
11
10
33
22
20
3
-

_
1
6
13
4
8
24
23
17
1

100

100

100

100

100

100

100

Feb.
1977

May
1977

All l o a n s ............

100

100

100

100

Un d e r 7 . 0 ..........
7.0 to 7 . 9 ........
8.0 to 8 . 9 ........
9.0 to 9 . 9 ........
10.0 to 1 0 . 9 ......
11.0 to 1 1 . 9 ......
12.0 to 1 2 . 9 ......
13.0 to 1 3 . 9 ......
14.0 to 1 4 . 9 ......
15.0 to 1 5 . 9 ......
16.0 to 1 6 . 9 ......
17.0 to 1 7 . 9 ......
18.0 to 1 8 . 9 ......
19.0 to 1 9 . 9 ......
20.0 and o v e r .....

1
8
46
41
3
-

7
6
43
40
3
1
-

2
11
48
34
4
-

_
3
42
48
7
1
-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

All l o a n s ............

100

100

100

100

100

Un de r 7 . 0 ..........
7.0 to 7 . 9 ........
8.0 to 8 . 9 ........
9.0 to 9 . 9 ........
10.0 to 1 0 . 9 ......
11.0 to 1 1 . 9 ......
12.0 to 1 2 . 9 ......
13.0 to 1 3 . 9 ......
14.0 to 1 4 . 9 ......
15.0 to 1 5 . 9 ......
16.0 to 1 6 . 9 ......
17.0 to 1 7 . 9 ......
18.0 to 1 8 . 9 ......
19.0 to 1 9 . 9 ......
20.0 and o v e r .....

7
24
55
11
2
-

23
20
35
18
3
“

* 3
30
43
17
7
-

11
31
42
14
2
-

All l o a n s ............

100

100

100

100

2
2
46
46
3
1
-

1
1
51
43
3
-

-

-

-

-

-

-

-

-

E f fe ct iv e interest
rate (percent)

Aug.
1977

Feb.
1978
All banks

-

-

-■

Large b a n k s 3
100

_

_
1
34 i
41
20
4
“

_
'
O'.

V

O t h e r bank s

U n d e r 7 . 0 ..........
7.0 to 7 . 9 ........
8.0 to 8 . 9 ........
9.0 to 9 . 9 ........
10.0 to 1 0 . 9 ......
11.0 to 1 1 . 9 ......
12.0 to 1 2 . 9 ......
13.0 to 1 3 . 9 ......
14.0 to 1 4 . 9 ......
15.0 to 1 5 . 9 ......
16.0 to 1 6 . 9 ......
17.0 to 1 7 . 9 ......
18.0 to 1 8 . 9 ......
19.0 to 1 9 . 9 ......
20.0 and o v e r .....

Addendum:

_
3
43
49
4
-

_

100

_

1
45
50
4
-

38
56
5
-

-

-

-

-

-

-

-

_

_

_

_

_

_

_

5
23
41
22
6
2
1
2
-

5
19
39
25
6
6
1
2
-

2
13
33
38
10
3
1
3
-

1
9
12
16
39
15
3
2
2
1
-

38
55
6
2
-

27
58
13
1
1

10
39
40
9
1

-

-

-

-

-

-

-

-

-

Av er ag e e f fe ct iv e interest rate (p ercent)2 a t —

Al l b a n k s ........

8.82

8.74

8.73

9.06

9.16

9.31

9.62

10.36

11.01

11.20

11.28

13.63

Large b a n k s 3 .....
O t h e r b a n k s ......

8.34
8.95

8.08
8.95

8.40
8.91

9.13
9.06

9.32
9.11

9.61
9.17

10.37
9.34

11.73
9.98

12.53
10.45

12.82
10.71

12.88
10.93

16.24
13.10

Source:

Federal Re se rv e Qu a r t e r l y Su rv ey of Terms of B a nk Lending to Farmers.

1/ Perc en ta ge di st ri bu ti on of the total do ll ar amount of n o n - re al -e st at e farm loans of $1,000 or mo r e ma d e by
insured commercial banks du ri ng the we ek covered by the survey.
7J

The ap proximate co mp ou nd ed annual interest rate on each loan is ca lc ul at ed from survey da ta on the stated
rate and other terms of the loan.
In co mputing the av er ag e of these es timated e f fe ct iv e rates, ea ch loan
is weig ht ed by its do ll ar amount.

3/

"Large banks" are banks in survey strata 1-3, co rr esponding a p pr ox im at el y to banks w i th ov er $400 mi ll io n
in total assets as of Se pt em be r 1978.




30
Appendix Table 3.

Average interest rates on business and farm borrowings (percent)

--------- r

1
1
1
Prime
|
1
Quarter | 4-6 month|
1commercial|
paper* |
1
1
1
1
1
1
1

Prime
rate,
large
banks

Average,
all
banks^

1-------------I Farm Credit System?
1
Non-real-estate farm loans, I Production
Federal
United States2>3
Land
j
Credit
Banks
lAssociations
Large
Other
All
1
banks6
banks
banks
1
1

Farm loans at banks

Business loans
at banks^
| Short-term
| farm loans,
|
Ninth
| District^

Feeder
cattle
loans,
Seventh
District^

1976-Q4

5.2

6.25

—

9.2

8.8

—

—

-

8.2

8.6

1977-Q1
-Q2
-Q3
-Q4

4.7
4.9
5.4
6.6

6.25
6.25
6.75
7.75

7.6
7.6
7.9
8.6

9.2
9.2
9.2
9.2

8.7
8.7
8.7
8.8

8.3
8.1
8.4
9.1

8.9
8.9
8.9
9.0

8.8
8.7
8.7
9.1

8.2
8.1
7.9
8.0

8.5
8.4
8.3
8.3

1978-Q1
-Q2
-Q3
-Q4

6.8
6.9
7.9
9.0

8.00
8.00
9.00
10.50

8.9
9.1
10.0
11.4

9.2
9.2
9.4
9.5

8.9
8.9
9.1
9.4

9.3
9.6
10.4
11.7

9.1
9.2
9.3
10.0

9.2
9.3
9.6
10.4

8.4
8.7
9.0
9.2

8.2
8.3
8.3
8.4

1979-Q1
-Q2
-Q3
-Q4

10.3
9.9
9.8
13.2

11.75
11.75
11.75
15.25

12.2
12.3
12.3
15.8

10.2
10.4
10.8
11.8

10.1
10.5
10.8
11.7

12.5
12.8
12.9
16.2

10.4
10.7
10.9
13.1

11.0
11.2
11.3
13.6

10,0
10.6
10.9
11.0

8.7
9.0
9.3
9.3

1980-Q1

9.8

1/ Average, first month of quarter.
2/
3/
V
5/

bj
JJ

First full business week of second month of quarter.
Dollar-weighted average of effective rates on loans of $1,000 or more made in the week indicated.
Average of most common rates at banks representative of farm lending, first day of quarter.
Average of typical rates at agricultural banks, first day of quarter.
"Large banks" (survey strata 1-3) correspond roughly to banks with over $400 million in total assets in 1978.
Unweighted average of quoted rates, first day of quarter (calculated by the authors).
Stock purchasea
required of borrowers from these cooperatives are not taken into account in the rates shown.