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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 ! ! | ! | | ! | | ! I f ( | 1 | ( | | | 1 ! ( 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 ! ! | ! | I j | 1 | | 1 | | | ! 1 I 1 ■ 1 | | ! | | | | I 1 I | j ( | | 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 | | | 1 1 | | I 1 | | 1 ! | | | | ! | I ! | ) ! -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 | | | | ! | 1 ! 1 | j ! i | 1 1 1 ! 1 1 | 1 ) i i 1 ! | 1 1 ! ! I I f ! ( ! f ! | ! ! | | | ! 1 | I 1 ! ( | ! 1 | | | | 1 1 • | | ) | | | I | | 1 1 I i 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 I | | 1 | I | 1 | j | | ! | ( 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 ! | | I | | 1 ! | | | ! j » | | | | I | | | 1 f | | | | | | | I | I 1 | ( | ■ | | 1 | | | ! 1 f } ! ( -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 ! | 1 | ! 1 I | | | 1 | | | | | | | j | | | 1 ! 1 | | | | | I | | | | | ( ! | 1 | | | | i | ! | 1 1 | | | I ( I 1 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 | ! ( ! 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 | | | 1 ! | 1 j | 1 1 1 | | ! | 1 | I | ■ I i | ( i 1 | I | | I | • | | | 1 | ! | | 1 | I | 1 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 | | 1 1 I 1 | I | | I l | | | | | 1 | I | | I | j | I ! | I | | | 1 1 | 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 I 1 | 1 1 1 1 1 1 1 1 1 1 | 1 1 | | 1 | 1 1 ! | | I | f 1 | | | | | ! | ! 1 j | { | | | 1 1 1 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 | | | | j | 1 | | f 1 | | f 1 ! ! 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 | | | 1 | | | | 1 | 1 | | | | j | | | | | 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 | | | 1 | | 1 | | 1 1 | | | | I | | | | | 1 | 1 I | I 1 | | 1 | | | | | | | | | | 1 | 1 1 | | | 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 I | | | | | I I | | 1 1 1 | | | | ! | 1 | | | 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 | | | | ! | | | | | | j | | | | | | | | | | I | | | 1 | | | | 1 1 | | 1 | 1 | | | | | | 1 | | | 1 | ■ | I 1 | | 1 | | | 1 | | 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 | | | ( | 1 | | | | | a I | ! | ! 1 | 1 | | | | a 1 | | | 1 | | | | | | | | j | | 1 | | | | I | | | 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 | ! I | I 1 1 1 | 1 i 1 i 1 1 I | I | | t | | ! | j | I | | | | | | | | | I | | | | l 1 | | | | | | 1 1 | 1 | | | | | | | | 1 1 | | 1 I | | | I | ! | 1 • | | | 1 1 I | I 1 | 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 ; I | I 1 | 1 | 1 | 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 | | | | I I | | t | | | 1 | | | | 1 | 1 i i 1 | | 1 | | 1 | | 1 | | | | | | i | | | | i | | 1 | | | i 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 | | | | | | | | | | | | | 1 1 1 | | 1 | | | | | 1 { | | | | | | | | | | | j | | 1 | | | | | | | 1 I j | | | i 1 | ! | | 1 | | 47136. 47559. 48193. 48680. 49247. 49787. 50213. 50677. 51104. 51564. 52010. 52355. | | I | | | | I | | ! 1 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. ! ! 1 | I | | I | | ! 12.5 12.5 12.7 13.0 13.3 13.5 13.7 13.9 13.8 14.0 14.2 | 1 | 1 1 | I I 1 | 1 1 l | | | 1 | 1 | I I | | | i | i | | | | | | | 1 | 1 1 1 | | 1 1 1 i | | | | | l | | 1 | | ! | 1 | | ! | j | | 1 | | 1 | 1 1 | ! | 22652. 22966. 23395. 23769. 24148. 24478. 24767. 25144. 25444. 25818. 26103. 26393. I ! 1 | ! | 1 | | | 1 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 - J U L . . .1 - A U G . . .1 - S E P . . .1 - O C T . . .1 - N O V . . .1 - D E C . . .1 ■ 1 197*—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 - J U L . .•1 -A U G ...I - S E P . ••| -O C T...| - N O V . . .1 —D E C . . •| j 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 | | i 1 | | 1 } | | • | | i | 1 1 1 | | 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 | | | 1 1 | | | 1 | | | j | 1 1 | 1 | 1 | | | | | j | | | 1 | | | | | { i | j | | 1 1 | | | 1 | | 1 END *.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 .* -1 2 .0 5.2 —2 * .2 31.7 -0 .9 OF | 1 | | | 1 | | | J | | ■ | | | 1 | | | | | | | | j | | | | | | 1 1 I ! } | ■ 1 | 1 1 ! | 1 | | | | 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 1 1 1 1 1 J J I 1 1 1 1 1 1 1 1 1 1 I 1 1 1 1 1 1 1 J 1 1 1 1 1 1 i | 1 1 1 1 1 1 1 1 1 1 I ! 1 1 1 1 1 1 l 1 1 1 1 1 1 1 1 i1 1 1 1 1 ! 1 ! 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*. | | | | 1 1 I | | | | 1 < | ! | 1 | | i | | i | | 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 | | | 1 | | | | | | | | | i 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. | | | | 1 | | | | | | 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.* | | ! | | | | | ! ! | 1 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 | | | 1 | ( | | 1 | | | 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 *.6 7. 7 1 8.3 2.0 7.3 5 .7 1 1 .* 1 5 .6 | | | | | | | 1 J | 1 | 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 * * 2 .0 * 0 7 .* 3 81 .7 33 0.2 30 9 .2 2.* 5.6 6 .6 *.6 1 9 .0 1 3 .* 7. 3 10.1 7 .0 6 .* 8 .5 -0 .9 t | i | 1 f 1 | | | | | 9*058. 91013. 99833. 926*0. 89273. 86233. 102888. 83792. 85203. 822*0. 86**2. 89729. i | | | | | | | | | | | • | | | | | 1 | 1 | 1 | | 1 5. 3 1 7.2 20.7 l* .l 1 9. 8 10 .2 2* . 9 l* .l 9.8 7.5 10.1 3 .5 ! 1 | | | | | 1 1 1 I 1 2.5 2.3 3.6 2.7 2.6 2.5 2.* 2.0 1. 8 1. 7 2 .0 2.1 1 1 | ! | | 1 1 1 1 1 1 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 -0 .2 -* .7 -1 3 .3 -1 2 .8 1 .2 0.* 1 .3 1 0 .9 *.* 1 9 .9 6 .5 3.0 ! | 1 | 1 1 1 | I | ! I 102187. 9633*. 10*921. 10025 5. 9716*. 95 029. 95 272. 90130. 977**. 92 918. 91087. 9378*. | | 1 | | | | i | | | | 8.6 5.8 5.1 8. 2 8 .8 1 0.2 -7 .* 7 .6 1 *• 7 1 3. 0 5 .* *.5 | | 1 | | { | | i 1 1 1 2.3 2.0 2 .8 2 .2 2 .5 2 .5 2 .0 2 .1 1.9 2 .0 1 .9 2 .0 | | | 1 1 | f 1 | | | | 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 | 1 | | 1 | | I | 1 | 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 | * .l | 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.* 1 | | I 1 1 1 | | 1 1 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 5.0 3 .8 *.8 *.5 A .l 1 | | | | | 1 | 1 | | 1 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 1 | 1 I 1 | | | | | | | 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 1 1 | | | 1 1 | | | | | I 1 1 | | 1 1 | | | | | | 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 | | 1 | | | | | | | | | 5 .6 5.1 5 .7 5.5 5 .3 5.1 * .8 *.0 *.3 *.* 3 .7 5 .0 * .8 *.5 6.* 5 .* * .9 5.2 *.5 * .* * .2 * .l *.5 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 | | | 1 | | | | 1 1 | | 1 1 | | | | | | | ! | 1 1 | j | | | | | | 1 | | 1 | 1 • | | | | i I 1 I 1 | | 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 | | | 1 | | | | | | | j 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 | | | | | | | I | ! | I | | | 1 | | | | 1 | | | | | | I | j 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 i | | 1 | 1 | | | | | | 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 | 1 | | | I | | | | | | j -0 .1 -0 .0 2 .1 0 .9 -0 .4 0 .8 0 .8 0 .7 0 .3 -0 .1 2 .0 1 .4 | | 1 | | | | | 1 I | | | | | | | | 1 | | | | 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 | | 1 | 1 | | | | | | | 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 | | | | | 1 1 1 | l 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 | | | | | | 1 I1 | 1 | | 1 | | | 1 | | | j 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 * i j 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 | i | | | 1 | | | | ! I l 1 | 1 ( 1 | | | | | | | | ■ 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 | | ! | | | | | | 1 i 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 | | | | | | | | ! | | | j 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 | | | | | | i | 1 | | | i 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 | I | | 1 | | | 1 1 | | 1 | I | | 1 | | | | i 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 | | | | | 1 | | | | i | j 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 | | | | | | | | | | | 1 j 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 | i 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. | | | | | | | 1 | | | | i 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 | | | | | | | | | | | | j -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 | | | | | | | I | | | i 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 | | | | | | | | | | | | 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 | | 1 | 1 1 1 | | 1 | | ! | | 1 1 | | ! | 1 | | | 80543. 81622. 83619. 84707. 85983. 86669. 88264. 88970. 89470. 89819. 90369. 90616. | | | | 1 1 1 ! | | | 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 | | | 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 | | | | | | 1 | | | | | 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 | | | | | | | | | | 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 | I | 1 | | 1 | | 1 | j 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 | | | | | | | 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 | | | 1 | 1 | | | | | 1 | | | | | | I I | | 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 | 1 | | | | I | | 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 | | | | | 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* ]*444***** 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.