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AGRICULTURAL
FINANCE
DATABOOK
December 1981

Monthly Series

COMMENTARY AND OVERVIEW
Farm lending at banks. Data from the survey of terms of bank lending to
farmers made early in November are shown on pages 33-38.
Effective interest
rates on farm loans, on their way down from peaks reached in late summer, aver­
aged 18.9 percent at large banks and 18.7 percent at smaller banks. During the
survey week, the national prime rate at large banks ranged from 17.5 to 18.0
percent (Appendix Table 1).
Note, however, that a loan made at a stated prime
rate of 18.0 percent has an effective rate of 18.8 percent if it is due in
6 months— the approximate average maturity of farm loans— and if all interest
is paid at maturity.
These quarterly surveys provide data on recent developments that rural
bankers and farm credit analysts have been discussing.
Some generalizations
that have, been made are not supported.
First, while farm loan interest rates
at the smaller banks since 1979 have been significantly affected by changes in
money-market rates, the path traced by the average loan rate at these banks
during 1980 and 1981 differed from those of the national prime rate and moneymarket rates.
The 1980 and 1981 peaks of the farm loan rate were lower, and
the 1980 bottom was higher.
It thus appears that smaller banks continue to
price loans on the basis of their internal rather than their opportunity cost
of funds.
Furthermore, they may be pricing farm loans on the basis of their
average rather than their marginal cost of funds.
Second, the proportion of
(Continued on page 2)

Emanuel Melichar
Paul T. Balides




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
SECTION

DECEMBER 1981
PAGE

200

Farm lending

operationsand experience of nonbank institutions......... 3

300

Agricultural

bankingdata............................................... 29

Appendix......................................................................32

COMMENTARY AND OVERVIEW (Continued from page 1)
farm lending done at floating rates by these smaller banks has increased from
pre-1980 levels but remains low— having just reached 20 percent of total volume
of loans made (Table 333.3Q). Continued use of fixed-rate loans may in part
reflect compatibility of the average six-month maturity of farm loans with the
six-month maturity of large and money-market certificates of deposit that now
comprise, on average, 37 percent of total resources of agricultural banks.
Third, average maturities of loans for the major agricultural purposes specified
on the survey have not changed significantly— the only category that shows a
pronounced decrease in average maturity is "loans for other purposes** (Table
334Q). Finally, in contrast to recurring reports that banks had stopped making
farm loans for some purposes, the surveys show that a large amount of lending
for all purposes took place in each quarter of the past two years, including
those periods in which the total outstanding farm loan volume was not increasing
(Table 335Q). During the survey week in May 1980, for example, banks made
about 65,000 farm loans totaling $1.2 billion.
The tables of survey data appearing on pages 33-37 are published regularly
in Agricultural Finance Databook— Quarterly Series, which is issued as Statistical
Release E.15 of the Federal Reserve Board.
In addition, more detailed results
of each survey are issued promptly as Statistical Release E.2, "Survey of Terms
of Bank Lending.** Mailing lists for both of these official publications are
maintained by Publications Services, Federal Reserve Board, Washington, D.C. 20551.
foural bank liquidity. The liquidity of rural banks, which had improved
markedly during 1980, maintained its new level through 1981. The loan/deposit
ratio at agricultural banks (banks at which farm loans comprise 25 percent or
more of total loans) averaged 61.5 percent on September 30, up from 61.3 percent
on June 30 and 60.3 percent at the beginning of the year— a relatively small
seasonal rise. After maintaining a plateau around 55 percent from 1967 through
1975, the average loan/deposit ratio at agricultural banks rose rapidly during
1976-77 and then more slowly to a peak of 67.9 percent in September 1979 before
declining in 1980.
More timely weekly estimates indicate that by November 25 the average
loan/deposit ratio at agricultural banks had fallen to 59 percent, and that
it was still at this level as of December 16. The fourth-quarter decrease is
in accord with the usual seasonal pattern. For 1981 through December 16,
total loans (farm and nonfarm) at agricultural banks rose by 6 percent, whereas
total deposits grew by 8 percent. Time and savings deposits increased by 20
percent at these banks, compared with a gain of 15 percent at other banks.
Farm debt trends. The Quarterly Series Databook also presents timely
quarterly data on outstanding farm loans at major institutional lenders
(Tables 111Q and 112Q, issue dated October 1981). During the third quarter,
farm non-real-estate loans outstanding at commercial banks rose by 1 percent,
to $33.5 billion. Outstanding PCA loans also rose by 1 percent, as did total



(Continued on page 32)

AGRICULTURAL FINANCE DAI A BOOK— MONTHLY SEBIES

200

DECEMBER

1981

FARM LENDING OPERATIONS AND EXPERIENCE OF NONBANK INSTITUTIONS

210

PRODUCTION CREDIT ASSOCIATIONS

211

LOANS OUTSTANDING

211. 1M
211.2M
212

ACTUAL............................................................ 6
SEASONALLY ADJUSTED ANNUAL RATE................................... 7
12-MONTH MOVING TOTAL............................................. 8

RENEWALS AND COLLECTIONS (SEE NOTE BELOW)

213. 1M
213.2(1
213.3M

220

ACTUAL............................................................ 4
SEASONALLY ADJUSTED............................................... 5

LOANS HADE AND NEW LOANS

212. 1H
212. 2M
212.3H
213

{AGRICULTURAL LOANS, EXCEPT AS NOTED)

ACTUAL.............................................................9
SEASONALLY ADJUSTED ANNUAL RATE.................................. 10
12-MONTH MOVING TOTAL............................................ 11

FEDERAL LAND BANKS (AGRICULTURAL LOANS)

221

LOANS OUTSTANDING

221.1N
221.2M
222

LOANS CLOSED

222. 1M
222.2M
222.3a
223

ACTUAL............................................................17
SEASONALLY ADJUSTED ANNUAL RATE.................................. 18
12-MONTH MOVING TOTAL............................................ 19

REFINANCING AND REPAYMENTS

224. 1M
224.2M
224.3M

230

ACTUAL........................................................... 14
SEASONALLY ADJUSTED ANNUAL RATE.................................. 15
12-MONTH MOVING TOTAL............................................ 16

LOANS CLOSED AND NEW MONEY LOANED

223. 1M
223.2U
223.3M
224

ACTUAL............................................................12
SEASONALLY ADJUSTED.............................................. 13

ACTUAL............................................................20
SEASONALLY ADJUSTED ANNUAL RATE.................................. 21
12-MONTH MOVING TOTAL............................................ 22

LIFE INSURANCE COMPANIES

231

FARM MORTGAGES OUTSTANDING AND ACQUIRED

231.1M
231.2M
231.3M
232

ACTUAL............................. ... ..........................23
SEASONALLY ADJUSTED.............................................. 24
12-MONTH MOVING TOTAL (MORTGAGESACQUIRED ONLY)................... 25

FARM MORTGAGE COMMITMENTS— OUTSTANDING AND NEW

232. 1M
232.2a
232.3N

SOURCES:

ACTUAL........................................................... 26
SEASONALLY ADJUSTED.............................................. 27
12-MONTH MOVING TOTAL (NEWCOMMITMENTS ONLY)...................... 28

"PRODUCTION CREDIx ASSOCIATIONS— SELECTED MONTHLY LOAN DATA,"
SUPERVISORY DIVISION, FARM CREDIT ADMINISTRATION;
"FEDERAL LAND BANKS— SUMMARY OF SELECTED MONTHLY LOAN DAIA,"
TECHNICAL SERVICES DIVISION, FARM CREDIT ADMINISTRATION;
"DISTRIBUTION OF INVESTMENTS OF U.S. LIFE INSURANCE COMPANIES,"
AND "FORWARD INVESTMENT COMMITMENTS OF REPORTING LIFE INSURANCE
COMPANIES," AMERICAN COUNCIL OF LIFE INSURANCE.

DAIA IN THIS SECTION ARE OBTAINED FROM TIMELY MONTHLY REPORTS WHICH ARE NOT
REVISED TO REFLECT ANY SUBSEQUENT CHANGES CR CORRECTIONS.
IF ONLY YEAR-END
DAIA ON OUTSTANDING LOAN VOLUME ARE REQUIRED, USE THE SERIES IN SECTION 100
OF THE AGRICULTURAL FINANCE DATABOOK— ANNUAL SERIES.
FOR PRODUCTION CREDIT ASSOCIATIONS, DATA ON LOANS OUTSTANDING AND LOANS MADE
DO NO! INCLUDE RURAL HOME LOANS, FARM-RELATED BUSINESS LOANS, OR AQUATIC
LOANS.
DATA ON COLLECTIONS AND RENEWALS DO INCLUDE THESE LOANS; HOWEVER,
THESE TYPES OF LOANS REPRESENTED ONLY 2.6 PERCENT OF TOTAL OUTSTANDING LOANS
AT PRODUCTION CREDIT ASSOCIATIONS AS OF DECEMBER 1980.




TABLE 211.1(1
PRODUCTION CBEDIl ASSOCIATIONS
LOANS OUTSTANDING
NUMBER OP BORROBERS

AMOONT
END OP
MONTH

|
1
f
1
1

MILLIONS OP DOLLARS
|
_
_
.. .
..
1
END OP | CHANGE PBOM PREVIOUS|
MONTH 1
1
1
MONTH
TEAR
i

PERCENTAGE CHANGE
PROM PBE7IOOS
MONTH

1
THOUSANDS|
1
.
1

TEAR

A?BRAGB SIZE

PERCENTAGE CHANGE
PROM PREVIOUS
DOLLARS
MONTH

TEAR

PERCENTAGE
CHAHGB
PROM
PRE7IC0S
TEAR _

1974-JAN...
-PEB...
-NAB...
-APB...
-MAT...
-JON...
-JOL...
-AUG..•
-SEP...
-OCT...
-NO?...
-DEC...

|
|
i
|
|
j
|
i
|
|
|
j

1795.
7952.
8206.
8505.
8831.
9091.
9280.
9371.
9432.
9330.
9244.
9502.

-58.
157.
254.
300.
326.
260.
190.
90.
61.
-102.
-86.
258.

1196.
1203.
1242.
1346.
1530.
1593.
1798.
1792.
1749.
1693.
1661.
1649.

-0.7
2.0
3.2
3.7
3.8
2.9
2.1
1.0
0.7
-1.1
-0.9
2.8

18.1
17.8
17.8
18.8
21.0
21.2
24.0
23.6
22.8
22.2
21.9
21.0

310.6
314.0
318.9
323.3
326.7
329.3
330.5
330.7
330.6
327.8
325.1
323.8

-0.4
1.1
1.6
1.4
1.1
0.8
0.4
0.1
-0.1
-0.8
-0.8
-0.4

0.9
1.0
1.3
1.9
2.3
2.5
2.8.
3.1
3.3
3.5
5.5
3.8

25095.
25323.
25731.
26306.
27030.
27605.
28080.
28331.
28531.
28459.
28433.
29344.

17.1
16.6
16.3
16.6
18.3
18.3
20.7
19.9
18.8
18.0
15.5
16.5

1975-JAN...
-PEB...
-MAB...
-APR...
-MAT...
-JON...
-JOL...
-AUG.•.
-SEP...
-OCT...
-HO?...
-DEC...

|
|
J
|
j
|
|
j
|
|
|
j

9547.
9744.
10011.
10230.
10472.
10703.
10813.
10809.
10737.
10571.
10452.
10742.

45.
197.
267.
219.
241.
231.
110.
-4.
-72.
-167.
-118.
289.

1752.
1792.
1805.
1725.
1641.
1612.
1532.
1438.
1305.
1241.
1208.
1240.

0.5
2.1
2.7
2.2
2.4
2.2
1.0
-0.0
-0.7
-1.6
-1.1
2.8

22.5
22.5
22.0
20.3
18.6
17.7
16.5
15.3
13.8
13.3
13.1
13.0

330.5
330.9
333.6
334.7
337.2
338.5
338.8
338.2
336.6
333.1
329.8
328.7

2.1
0.1
0.8
0.3
0.8
0.4
0.1
-0.2
-0.5
-1.0
-1.0
-0.4

6.4
5.4
4.6
3.5
3.2
2.8
2.5
2.3
1.8
1.6
1.5
1.5

28889.
29445.
30010.
30568.
31053.
31618.
31913.
31955.
31902.
31733.
31688.
32682.

15.1
16.3
16.6
16.2
14.9
14.5
13.6
12.8
11.8
11.5
11.4
11.4

1976-JAN.•.
-FEB...
-MAB...
-APB...
-MAT...
-JON...
-JOL...
-AOG...
-SEP...
-OCT...
-NO?...
-DEC...

J
I
|
j
|
|
j
|
|
|
j
t

10711.
10823.
11117.
11421.
11707.
12006.
12191.
12319.
12321.
12170.
11981.
12196.

-30.
112.
294.
304.
286.
299.
185.
129.
2.
-151.
-190.
216.

1165.
1080.
1106.
1191.
1235.
1303.
1378.
1511.
1584.
1600.
1529.
1455.

-0.3
1.0
2.7
2.7
2.5
2.6
1.5
1.1
0.0
-1.2
-1.6
1.8

12.2
11.1
11.0
11.6
11.8
12.2
12.7
14.0
14.8
15.1
14.6
13.5

328.1
330.4
334.3
337.7
340.2
342.0
342.9
342.9
341.9
339.6
336.6
335.6

-0.2
0.7
1.2
1.0
0.7
0.5
0.3
0.0
-0.3
-0.7
-0.9
-0.3

-0.7
-0.2
0.2
0.9
0.9
1.0
1.2
1.4
1.6
1.9
2.1
2.1

32646.
32761.
33250.
33815.
34415.
35106.
35552.
35926.
36036.
35837.
35591.
36338.

13.0
11.3
10.8
10.6
10.8
11.0
11.4
12.4
13.0
12.9
12.3
11.2

1977-JAN...
-PBB...
-MAB...
-APB...
-MAI...
-JON...
-JOL...
-AOG...
-SEP...
-oca...
-NO?. ..
-DEC...

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

12140.
12273.
12583.
12929.
13333.
13749.
14038.
14133.
14069.
13789.
13471.
13454.

-56.
133.
310.
346.
404.
416.
289.
95.
-63.
-281.
-317.
-17.

1429.
1450.
1466.
1508.
1626.
1743.
1647.
1813.
1748.
1618.
1491.
1258.

-0.5
1.1
2.5
2.8
3.1
3. 1
2.1
0.7
-0.4
-2.0
-2.3
-0.1

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

335.3
337.4
341.7
345.5
348.4
350.4
351.3
351.2
350.6
347.9
344.9
342.8

-0.1
0.6
1.3
1.1
0.9
0.6
0.2
-0.0
-0.2
-0.8
-0.9
-0.6

2.2
2.1
2.2
2.3
2.4
2.5
2.4
2.4
2.5
2.4
2.4
2.1

36207.
36373.
36828.
37424.
38266.
39233.
39961.
40237.
40130.
39637.
39064.
39253.

10.9
11.0
10.8
10.7
11.2
11.8
12.4
12.0
11.4
10.6
9.8
8.0

1978-JAN...
-PEB.,.
-MAB.-.
-APB...
-MAT...
-JON...
-JOL...
-AOG...
-SEP...
-OCT...
-NO?...
-DEC...

|
|
|
I
I
|
|
|
|
|
|
|

13233.
13274.
13427.
13630.
13909.
14312.
14652.
14846.
14955.
14743.
14601.
14901.

-221.
40.
153.
203.
279.
403.
339.
195.
109.
-211.
-142.
300.

1093.
1001.
844.
700.
576.
563.
614.
714.
885.
955.
1130.
1447.

-1.6
0.3
1.2
1.5
2.0
2.9
2.4
1.3
0.7
-1.4
-1.0
2.1

9.0
8.2
6.7
5.4
4.3
4.1
4.4
5.0
6.3
6.9
8.4
10.8

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

-0.5
0.1
0.6
0.7
0.5
0.4
0.3
0.2
-0.1
-0.6
-0.7
2.1

1.8
1.3
0.6
0.2
-0.1
-0.3
-0.2
0.0
0.1
0.3
0.4
3.1

38788.
38850.
39067.
39366.
39971.
40971.
41806.
42261.
42625.
42274.
42164.
42162.

7.1
6.8
6.1
5.2
4.5
4.4
4.6
5.0
6.2
6.7
7.9
7.4

1979-JAN...
-PBB...
-MAB...
-APB...
-HAT...
-JON...
-JOL...
-AOG...
-SEP...
-OCT...
-HO?...
-DEC...

|
|
|
|
|
|
J
|
|
|
i
J

14884.
14991.
15381.
15807.
16214.
16688.
17015.
17242.
17452.
17491.
17520.
18045.

-17.
107.
390.
426.
407.
474.
327.
226.
211.
39.
30.
524.

1651.
1717.
1954.
2178.
2305.
2376.
2364.
2395.
2498.
2747.
2919.
3143.

-0.1
0.7
2.6
2.8
2.6
2.9
2.0
1.3
1.2
0.2
0.2
3.0

12.5
12.9
14.6
16.0
16.6
16.6
16.1
16.1
16.7
18.6
20.0
21.1

345.8
346.9
350.0
353.2
356.4
358.5
359.3
358.0
360.0
358.8
357.3
358.0

-2.2
0.3
0.9
0.9
0.9
0.6
0.2
-0.4
0.6
-0.3
-0.4
0.2

1.4
1.5
1.8
2.0
2.4
2.6
2.5
1.9
2.6
2.9
3.2
1.3

43045.
43218.
43945.
44754.
45494.
46544.
47358.
48166.
48482.
48749.
49032.
50399.

11.0
11.2
12.5
13.7
13.8
13.6
13.3
14.0
13.7
15.3
16.3
19.5

1980-JAN...
-PEB...
-HAS...
-APB...
-HAT...
-JON.•.
-JOL...
-AOG...
-SEP...
-OCT...
-NO?...
-DEC...

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

18184.
18410.
18953.
19498.
19857.
20195.
20230.
20097.
19911.
19400.
19119.
19636.

140.
226.
543.
545.
359.
338.
35.
-133.
-186.
-511.
-282.
518.

3300.
3419.
3572.
3691.
3643.
3507.
3215.
2855.
2459.
1909.
1598.
1592.

0.8
1.2
2.9
2.9
1.8
1.7
0.2
-0.7
-0.9
-2.6
-1.5
2.7

22.2
22.8
23.2
23.3
22.5
21.0
18.9
16.6
14.1
10.9
9.1
8.8

358.7
360.9
365.1
370.2
372.6
373.6
373.1
372.4
370.3
367.1
364.8
364.8

0.2
0.6
1.2
1.4
0.6
0.3
-0.1
-0.2
-0.5
-0.9
-0.6
0.0

3.7
4.0
4.3
4.8
4.5
4.2
3.8
4.0
2.9
2.3
2.1
1.9

50699.
51015.
51905.
52675.
53299.
54049.
54223.
53972.
53766.
52854.
52406.
53822.

17.8
18.0
18.1
17.7
17.2
16.1
14.5
12.1
10.9
8.4
6.9
6.8

1981-JAN...
-PEB...
-MAB...
-APB...
-MAT...
-JON...
-JOL...
-AOG...
-SEP...
-OCT...
-NO?...

|
|
I
|
1
|
|
|
|
1
|

19643.
20039.
20612.
21137.
21639.
22126.
22449.
22441.
22315.
21884.
21250.

7.
396.
573.
524.
502.
487.
324.
-8.
-127.
-431.
-634.

1459.
1629.
1659.
1636.
1782.
1930.
2219.
2344.
2404.
2483.
2131.

0.0
2.0
2.9
2.5
2.4
2.2
1.5
-0.0
-0.6
-1.9
-2.9

8.0
8.8
8.8
8.4
9.0
9.6
11.0
11.7
12.1
12.8
11.1

365.7
369.2
373.8
377.3
380.4
382.8
383.2
383.0
381.5
379.5
375.6

0.2
1.0
1.2
0.9
0.8
0.6
0.1
-0.1
-0.4
-0.5
-1.0

2.0
2.3
2.4
1.9
2.1
2.4
2.7
2.8
3.0
3.4
3.0

53712.
54276.
55144.
56016.
56891.
57800.
58566.
58600.
58498.
57671.
56573.

5.9
6.4
6.2
6.3
6.7
6.9
8.0
8.6
8.8
9.1
8.0




*

5
TABLE 211. 2 B

PRODUCTION CREDIT ASSOCIATIONS
LOANS OUTSTANDING
SEASONALLI-ADJUSTED DATA

1
|
END OF
NORTH

ANOUNT
BILLIONS OF DOLLARS

1

PERCENTAGE CHANGB
FRON FRETIOUS

| CHANGE FBON PREVIOUS

1
J

1
1

RUBBER OF B0RR08ERS
__ _
PERCENTAGE CHANGB
FRON PREFIOOS

1

|
1
<
I THOUSANDS!

1

___

1
1
1

J

1

AVERAGE SIZE

DOLLARS

PERCENTAGE
CHANGB
FRON
PREVIOOS
TEAR

25378.
25638.
25919.
26332.
26833.
27128.
27639.
27991.
28376.
28618.
28890.
29394.

17.1
16.9
16.6
16.9
18.5
18.5
20.5
19.6
18.3
17.8
15.4
16.4

29235.
29877.
30324.
30674.
30894.
31122.
31353.
31470.
31613.
31857.
32166.
32744.

15.2
16.5
17.0
16.5
15.1
14.7
13.4
12.4
11.4
11.3
11.3
11.4

33071.
33302.
33672.
33988.
34298.
34594.
34869.
35296.
35623.
35943.
36110.
36425.

13.1
11.5
11.0
10.8
11.0
11.2
11.2
12.2
12.7
12.8
12.3
11-2

36702.
37018.
37329.
37632.
38171.
38680.
39166.
39494.
39632.
39728.
39646.
39370.

11.0
11.2
10.9
10.7
11.3
11.8
12.3
11.9
11.3
10.5
9.8
8.1

39327.
39554.
39582.
39553.
39872.
40401.
40977.
41506.
42103.
42365.
42829.
42297.

7.2
6.9
6.0
5.1
4.5
4.4
4.6
5.1
6.2
6.6
8.0
7.4

43630.
43990.
44482.
44907.
45349.
45901.
46446.
47373.
47925.
488S6.
49869.
50563.

10.9
11.2
12.4
13.5
13.7
13.6
13.3
14.1
13.8
15.3
16.4
19.5

51361.
51898.
52475.
52791.
53075.
53298.
53209.
53163.
53198.
52986.
53359.
53983.

17.7
18.0
18.0
17.6
17.0
16.1
14.6
12.2
11.0
8.5
7.0
6.8

54381.
55195.
55703.
56098.
56616.
56989.
57517.
57779.
57917.
57818.
57631.

5.9
6.4
6.2
6.3
6.7
6.9
8.1
8.7
8.9
9.1
8.0

|
|

1
I

| END OF
1
NORTH |
MONTH
IBAR
TEAR
|
NORTH
IEAR
|
NORTH
_1__________ --- (54Aii_____________ ___ m m ____________ l_._________ _..m m _____________i_
1974-JAN.... 1
-FEB....1
-NAR....J
-APR....I
-NAT....|
-JUN....I
-JUL....I
-AUG....|
-SEP....!
-OCT--- 1
-NOV....I
-DEC....|

8052.
8159.
8278.
8454.
8659.
8786.
8986.
9134.
9302.
9416.
9545.
9691.

245.
1387.
1556.
2369.
2818.
1657.
2716.
1956.
2228.
1458.
1678.
1905.

1230.
1245.
1275.
1364.
1526.
1564.
1742.
1734.
1693.
1684.
1693.
1660.

3.0
17.2
19.1
28.6
33.3
19.1
30.9
21.8
24.4
15.7
17.8
20.0

18.0
18.0
18.2
19.2
21.4
21.7
24.0
23.4
22.3
21.8
21.6
20.7

1975-JAN....|
-FEB....|
-BAR....1
-APR....|
-HAI....I
-JUN....I
-JUL.... 1
-AUG....!
-SEP....!
-OCX--- j
-NOV....|
-DEC.-.-!

9855.
10017.
10138.
10203.
10300.
10377.
10462.
10509.
10551.
10638.
10767.
10938.

2165.
2124.
1549.
814.
1228.
962.
1071.
573.
520.
1088.
1655.
2236.

1804.
1858.
1859.
1749.
1641.
1591.
1477.
1375.
1249.
1222.
1222.
1247.

22.3
21.6
15.5
8.0
12.0
9.3
10.3
5.5
4.9
10.3
15.6
20.8

22.4
22.8
22.5
20.7
19.0
18.1
16.4
15.0
13.4
13.0
12.8
12.9

1976-JAN....J
-FEB....!
-NAR....I
-APR....!
-NAT....!
-JUN....|
-JUL....!
-AUG....|
-SEP....!
-OCT.... |
-NOV....!
-DEC....!

11054.
11145.
11290.
11419.
11546.
11668.
11788.
11955.
12081.
12224.
12319.
12408.

1482.
1147.
1871.
1643.
1620.
1548.
1531.
2160.
1607.
1840.
1184.
1112.

1199.
1129.
1153.
1216.
1246.
1291.
1326.
1446.
1529.
1586.
1552.
1470.

13-5
10.4
16.8
14.6
14.2
13.4
13.1
18.3
13.4
15.2
9.7
9.0

12.2
11.3
11.4
11.9
12.1
12.4
12.7
13.8
14.5
14.9
14.4
13.4

1977-JAH....1
-FEB....!
-NAR....!
— APR...■|
-HAT....1
-JUN....!
-JUL....1
-AUG....!
-SEP....|
-OCT....!
-NOV.... 1
-DEC....!

12522.
12653.
12800.
12940.
13168.
13379.
13577.
13707.
13788.
13834.
13842.
13681.

1442.
1664.
1878.
1785.
3024.
2759.
2575.
1644.
1008.
569.
89.
-1807.

1463.
1508.
1510.
1521.
1623.
1711.
1788.
1752.
1707.
1610.
1523.
1273.

11.6
13.3
14.8
13.9
23.4
21.0
19.2
12. 1
7.4
4. 1
0.6
-13.1

13.3
13.5
13.4
13.3
14.1
14.7
15.2
14.7
14. 1
13.2
12.4
10.3

197B-JAN....)
-FEB....|
-HAR....J
-APR....|
-HAT....!
-JUN....|
—JUL....!
-AUG....!
-SEP....|
-OCT....!
-NOV....|
-DEC....!

13639.
13690.
13660.
13632.
13739.
13934.
14182.
14418.
14670.
14795.
15014.
15140.

-495.
613.
-354.
-323.
1336.
2533.
3284.
3102.
3341.
1563.
2857.
1584.

1117.
1036.
860.
692571.
555.
606.
711.
883.
960.
1172.
1459.

-3.6
4.5
-2.6
-2.4
9.8
18.4
23.6
21.9
23.2
10.7
19.3
10.5

8.9
8.2
6.7
5.4
4.3
4.2
4.5
5.2
6.4
6.9
8.5
10.7

317.3
318.2
319.4
321.0
322.7
323.9
325.1
326.3
327.8
329.0
330.4
329.7

-3.3
3.8
4.5
6.4
6.4
4.5
4.7
4.6
5.6
4.5
5.2
-2.5

0.8
1.0
1.4
2.0
2.4
2.7
2.9
3.2
3.3
3.4
5.4
3.6

337. 1
335.3
334.3
332.6
333.4
333.4
333.7
333.9
333.8
333.9
334.7
334.0

30.6
-6.3
-3.4
-5.9
2.8
0.1
1.0
0.8
-0.6
0.6
2.9
-2.4

6.3
5.4
4.7
3.6
3.3
2.9
2.6
2.3
1.8
1.5
1.3
1.3

334.3
334.7
335.3
336.0
336.6
337.3
338.1
338.7
339.1
340.1
341.1
340.6

0.8
1.5
2.3
2.4
2.4
2.3
2.9
2.3
1.5
3.5
3.7
-1.8

-0.8
-0.2
0.3
1.0
1.0
1-2
1.3
1.4
1.6
1.9
1.9
2.0

341.2
341.8
342.9
343.9
345.0
345.9
34o.6
347.1
347.9
348.2
349.1
347.5

1.9
2.2
3.9
3.4
4.0
3.2
2.6
1.4
2.9
1. 1
3.2
-5.5

2.1
2.1
2.3
2.3
2.5
2.6
2.5
2.5
2.6
2.4
2.3
2.0

346.6
346.1
345. 1
344.7
344.6
344.9
346.1
347.4
348.4
349.2
350.6
357.9

-2-3
-2.5
-3.4
-1.5
-0.3
1. 1
4.2
4.5
3.8
2.7
4.7
28.4

1.7
1.3
0.6
0.2
-0.1
-0.3
-0.2
0.1
0.2
0.3
0.4
3.0

351.1
351.2
351.5
351.5
352.8
354.0
354.9
354.0
357.5
359.1
361.3
362.8

-20.6
0.3
0.9
0.0
4.7
4.0
3. 1
-3.1
12.8
5.4
7.6
5.2

1.2
1.5
1.9
2.0
2.4
2.6
2.5
1.9
2.6
2.8
3.1
1.4

364.3
365.5
366.9
368.3
368.6
368.8
368.6
368.3
368.0
367.5
368.9
36 9.7

5.0
4.2
4.4
4.9
1.5
0.2
-0.8
-0.9
-0.9
-1.7
4.5
2.7

3.8
4.1
4.4
4.8
4.5
4.2
3.9
4. 1
2.9
2.3
2.1
1-9

1
1
1
1

371.4
373.9
375.5
375.4
376.4
377.9
378.7
378.9
379.4

1

3 8 0 .2

1

379.9

5.6
8.6
5-2
-0.5
3.4
4.6
2.6
0-9
1.3
2.6
-0.7

1.9
2.3
2.4
1.9
2.1
2.4
2.7
2.9
3.1
3.4
3.0

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

a
1

1

1979-JAN. . . . (
-FEB.... |
- B A R ....!

-APB....!
— NAT...•|
-JUN....!
-JUL.... I
-AUG....|
-SEP....|
-OCX....|
-NOV. ... |
-DEC....!
1980-JAN.... I
-FEB....J
-NAB....|
-APR....!
-NAT....!
-JUN--- 1
-JUL....|
-AUG....!
-SEP...-!
-OC1....I
-NOV.... 1
-DEC....!
1
1981-JAN.... ]
-FEB....!
-NAB....!
-APB....!
-HAT....!
-JUN___ 1
-JUL....J
-AUG.. — !
-SEP___ J
-OCT....!
-NOV....|




15320.
15450.
15635.
15784.
16001.
16248.
16483.
1676817135.
17545.
18018.
18346.

2302.
1644.
2362.
1892.
2805.
3233.
3047.
3773.
4976.
5613.
6606.
4354.

1680.
1761.
1975.
2152.
2z 62.
2314.
2300.
2350.
2465.
2750.
3004.
3206.

15.2
10.7
15.3
12. 1
17.8
20.2
18.8
22.9
29.7
32.8
37.7
24.2

12.3
12.9
14.5
15.8
16.5
16.6
16.2
16.3
16.8
18.6
20.0
21.2

18711.
18971.
19251.
19444.
19573.
19658.
19613.
19581.
19579.
19473.
19682.
19956.

4866.
3380.
3640.
2453.
1603.
1050.
-538.
-381.
-24.
-1239.
2660.
3563.

3 391.
3521.
3616.
3660.
3572.
3410.
3131.
2813.
2444.
1928.
1663.
1610.

26.6
18. 1
19.2
12-7
8.2
5.4
-2.7
-1.9
-0.1
-6.3
13-7
18. 1

22.1
22.8
23.1
23.2
22.3
21.0
19.0
16.8
14.3
11.0
9.2
8.8

20194.
20639.
20917.
21058.
21312.
21533.
21780.
21895.
21971.
21980.
21896.

3051.
6029.
3600.
1748.
3263.
2815.
3151.
1424.
931.
110.
-995.

1484.
1667.
1666.
1613.
1739.
1875.
2167.
2314.
2392.
2508.

15.3
29.9
17.4
8.4
15.5
13.2
14.6
6.5
4.3
0.5
■4.5

7.9
8.8
8.7
8.3
8.9
9.5
11.0
11.8
12.2
12.9
11.2

2214.

1
1
I
1
!
1
1
1
1
1
1
!
I
1
1
1
1
1
1
1
1
1
!

1
1

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

1
1

1
i
i
1
l

i
1
!

— JL

I
1
1
I
1
!
1
1
1
!
1
1
1
1
1
J
1
!
1
1
!
1
1
!
1
1
1
1
1
1
1
!
I
1
1
1
1
!
!
»
1
1
I
I
1
1
1
!
i
1
1
1
!
1
1
1
1
1
!
1
1
1
!

I
!
!

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

1
1
I
i
1

1
!

1
1
1
!

1
1
1

6

TABLE 212.in
PRODUCTION CREDIT ASSOCIATIONS
LOANS HADE AND NEH LOANS
LOANS HADE
MONTH

MILLIONS
OF
DOLLARS
L
_ _

|
|
|
i

PERCENTAGE CHANGE
FROM PREVIOUS
____ YEAR

NEN LOANS

|
AS PERCENTAGE OF
|
COLLEC­
1 LOANS OUT­
STANDING*
TIONS
.1

MILLIONS |
OF
|
DOLLARS |
MONTH. 1
i _
_

PERCENTAGE CHANGE
FROM PREVIOUS
MONTH

|
AS PERCENTAGE OF
1
| LOANS OUT- COLLEC­
TIONS
YEAR _ 1 STANDING*

1 9 7 4 -J A N . . . .
-F E B ....
- M A R . . ..
-A P R ... .
- M A I ... .
-JU N ------- J U L .. . .
-A U G ....
-S E P ....
- O C T ....
-N O V ....
-D E C ....

1494.
1232.
1339.
1294.
1152.
956.
1052.
980.
932.
1128.
1132.
1667.

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

2 2 .2
1 0 .7
8 .0
2 6 .6
1 9 .5
1 .9
1 7 .4
-1 .6
8 .0
1 .2
-6 .0
1 4 .6

19.
16.
17.
16.
14.
11.
12.
11.
10.
12.
12.
18.

150.
205.
221.
218.
218.
201.
173.
153.
145.
122.
135.
203.

940.
756.
860.
893.
860.
737.
802.
761.
704.
822.
759.
1089.

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

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

12.
10.
11.
11.
10.
8.
9.
8.
8.
9.
8.
12.

94.
126.
142.
150.
163.
155.
132.
119.
110.
8$.
90.
133.

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

1580.
1413.
1457.
1449.
1258.
1208.
1136.
981.
1064.
1235.
1195.
2021.

-5 .2
- 1 0 .6
3 .2
-0 .6
-1 3 .2
-4 .0
-5 .9
-1 3 .7
8 .4
1 6. 1
-3 .2
69. 1

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

17.
15.
15.
14.
12.
12.
1 1.
9.
10.
12.
11.
19.

177.
234.
254.
207.
198.
176.
150.
133.
120.
1 15 .
128.
198.

935.
800.
839.
924.
877.
927.
857.
736.
810.
912.
817.
1314.

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

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

1 0.
8.
9.
9.
9.
9.
8.
7.
7.
8.
8.
13.

105.
133.
146.
132.
138.
135.
113.
100.
92.
85.
87.
129.

1 9 7 6 - J A M ....
-F E B ....
-M A R .. . .
-A P R ....
-H A Y ....
- J U N ....
-J U L ....
-A U G ....
-S E P ....
-O C T ... .
- N O V ... .
-D E C ....

1795.
1594.
1932.
1714.
1412.
1439.
1177.
1178.
1169.
1211.
1488.
2147.

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

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

17.
15.
18.
15.
12.
12.
10.
10.
9.
10.
12.
18.

169.
205.
222.
206.
193.
174.
163.
153.
131.
115.
123.
189.

1030.
887.
1170.
1139.
1021.
1130.
U 12.
896.
896.
904.
1025.
T 35 9 .

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

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

10.
8.
11.
10.
9.
10.
8.
7.
7.
7.
8.
11.

97.
114.
134.
137.
140.
136.
126.
116.
100.
86.
85.
120.

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

1974.
1830.
2196.
1874s,
1652.
1615.
1292.
1281.
1284.
1326.
1545.
2179.

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

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

16.
15.
18.
15.
13.
12.
9.
9.
9.
9.
11.
16.

168.
209.
219.
217.
206.
198.
182.
145.
126.
104.
113.
161.

1122.
1007.
1310.
1211.
1203.
1227.
1001.
979.
962.
999.
1053.
1345.

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

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

9.
8.
11.
10.
9.
9.
7.
7.
7.
7.
8.
10.

95.
115.
130.
140.
150.
151.
141.
111.
94.
78.
77.
99.

1 9 7 8 -J A N .• .•
-F E B ....
-MAR-------A P R ....
- H A Y ....
-J U N ....
-J U L ....
- A U G ....
-S E P ... .
-O C T ... .
-N O V ....
-D E C ....

2054.
1912.
2414.
2028.
1909.
1788.
1544.
1593.
1577.
1804.
1967.
2608.

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

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

15.
14.
18.
15.
14.
13.
11.
11.
11.
12.
13.
18.

1 46 .
191.
191.
187.
174.
176.
175.
151.
139.
110.
124.
180.

1176.
1040.
1447.
1285.
1374.
1409.
1218.
1243.
1238.
1420.
1439.
1746.

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

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

9.
8.
11.
10.
10.
10;
9.
8.
8.
9.
10.
12.

84.
104.
114.
119.
125.
139.
138.
118.
109.
87.
90.
120.

1 9 7 9 -J A M .. . .
-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 ....

2697.
2350.
2890.
2621.
2352.
2148.
1962.
1910.
1880.
2441.
2516.
3259.

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

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

18.
16.
19.
17.
15.
13.
12.
11.
11.
14.
14.
19.

158.
183.
199.
191,
173.
167.
156.
149.
144.
128.
135.
182.

1679.
1379.
1838.
1783.
1760.
1748.
1574.
1497.
1508.
1937.
1888.
2285.

-3 .8
- 1 7 .9
3 3 .3
-3 .0
-1 .3
t 0 .6
-1 0 .0
-4 .9
' 0 .8
2 8 .4
-2 .5
2 1 .0

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

11.
9.
12.
12.
11.
11.
9.
9.
9.
11.
11.
13.

99.
108.
126.
130.
129.
136.
125.
117.
115.
101.
101.
128.

1 9 8 0 -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 X ....
- N O V ... .
-D E C ....

3427.
2981.
3205.
2977.
2588.
2431.
2161.
1909.
2087.
2395.
2333.
3793.

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

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

19.
16.
17.
16.
13.
12.
11.
9.
10.
12.
12.
20.

163.
195.
213.
211.
174.
161.
133.
123.
117.
102.
119.
178.

2226.
1781.
2044.
1957.
1834.
1828.
1648.
1403.
1583.
1839.
1677.
2636.

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

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

12.
10.
11.
10.
9.
9.
8.
7.
8.
9.
9.
14.

106.
117.
135.
138.
124.
121.
101.
90.
89.
78.
85.
124.

1 98 1 -JAM -------F E B ....
-M A R ....
-A P R ....
-MAY-------J U N ....
- J U L ....
-A U G ....
-S E P ------- O C T ....
-N O V ....

3562.
3225.
3780.
j 522.
2803.
2738.
2560.
2070.
2188.
2305.
2294.

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

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

18.
16.
19.
17.
13.
13.
12.
9.
10.
10.
10.

153.
213.
206.
195.
183.
167.
156.
128.
120.
106.
100.

2319.
1906.
2404.
2323.
2033.
2116.
1948.
1596.
1688.
1733.
1646.

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

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

12.
10,.
12.
11.
10.
10.
9.
7.
8.
8.
8.

100.
126.
131.
129.
133.
129.
119.
99.
93.
80.
72.

* LOANS OUTSTANDING AT END OF PRECEDING MONTH.

nN£H LOANS” ARE COMPUTED AS LOANS MADE LESS RENEHALS.




RENEWALS INCLUDE SOME MONAGRICULTURAL LOANS (SEE NOTE ON PAGE 3).

7
1ABLE 212.2H
PRODUCTION CBEOXT ASSOCIATIONS
LOAMS HADE AMO HEM LOAMS

SEASONALLY-ADJUSTED ANNUAL BATE
1
1.
| BILLIONS |
OF
|
J
DOLLABS |
1
1
______________L
1
1 9 7 4 -J A M . . . . 1
19519.
“ F E B .. . . | 1 3 5 3 6 .
-B A B ....J
13051.
-A P R ....J
14531.
- B A Y ....|
14598.
-J U N .. . . i
12493.
-J U L ....I
15771.
- A U G . .. . |
15245.
-S E P ....I
14699.
-O C T .. . . J
14855.
-NOV_____|
14240.
-D E C .. . . | 1 5 4 9 4 .
MONTH

LOANS BADE
PEBCENTAGE CHANGE
FBOB PREVIOUS

NEH LOANS
|
AS PERCENTAGE OF
|
COLLEC­
1 LOANS OUTSTANDING*
i
TIONS

BILLIONS
OF
DOLLARS
1 __ . . .

|
|
J
1

PERCENTAGE CHANGE
FROM PREVIOUS

j|
AS PERCENTAGE OF
|
1
I L O A M S OUT- COLLEC­
|
TIONS
I STANDING*
1

BQMTH_

YEAR

MONTH

YEAR

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

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

181.
168.
160.
176.
173.
144.
179.
170.
161.
160.
151.
162.

145.
160.
166.
180.
189.
1 77 206.
185.
189.
169.
173.
177.

10303.
9565.
9178.
10362.
10415.
8462.
10641.
10620.
9909.
9788.
9390.
10672.

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

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

128.
1 19.
112.
125.
123.
98.
121.
118.
108.
105.
100.
112.

103.
113.
117.
128.
135.
120.
139.
129.
127.
111.
114.
12 2 .

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

15419.
15621.
14078.
15978.
15767.
15663.
17053.
15218.
16815.
16568.
15318.
18813.

-0 .5
1 .3
-9 .9
1 3 .5
-1 .3
-0 .7
8 .9
-1 0 .8
1 0 .5
-1 .5
-7 .5
2 2 .8

6 .2
1 5 .4
7 .9
1 0 .0
8 .0
2 5 .4
8 .1
-0 .2
1 4 .4
1 1 .5
7 .6
2 1 .4

159.
159.
141.
153.
155.
152.
164.
145.
160.
157.
144.
175.

175.
186.
195.
171.
171.
155.
171.
155.
155.
160.
167.
176.

10505.
10551.
9159.
10654.
10355.
10435.
11271.
10047.
11436.
11065.
10274.
12894.

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

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

108.
107.
91.
105.
1 01 .
101.
109.
96.
109.
105.
97.
120.

119.
126.
127.
114.
113.
103.
113.
103.
105.
107.
112.
120.

1 9 7 6 -J A N .• |
-F E B .. . . I
—
BAB.••• i
—AP B.. . . |
- B A Y .... |
- J U M ....I
-J U L .. . . |
-A U G ....!
- S E P ....I
- O C T ....1
-M O V ....|
- DEC.. . . |
J
1 9 7 7 - J A M .... |
-F E B ....I
-B A B ....J
-A P B .. . . |
- B A Y ....|
— O N . .. . |
J
— U L .. . . |
J
- A O G . . .. J
-S E P ....|
- O C I ....I
- M O V ....J
-D E C .. . . |
1
1 9 7 8 -J A M ....|
-F E B ....J
—BAB. . . . |
-A P B ....1
-H A Y ....I
-J 0 N ....1
-J O L ..••|
- A U G . .. . J
- S E P .. . . |
- O C T . . •• |
- M O V .. . . I
-D E C ....1
1
1 9 7 9 - J A M ....|
-P E B ....I
-B A B ....I
-A P B .. . . 1
-B A Y .. •• |
- J U N ....!
-J O L ....I
— U G ....|
A
-S E P . . . . |
-O C T ... . i
- M O V ....J
-D E C .... |
1
1 9 8 0 -J A N .. . . |
-F E B ... . J
- B A B ....I
-A PB ------- i
-B A Y ....J
- J U N .... 1
- J U L .. . . |
- A U G . .. . J
-S B P ....1
-O C T ....|
- M O V ....|
-D E C .. . . 1

17639.
17690.
18387.
18588.
17539.
18600.
17743.
18351.
18430.
16504.
19240.
20136.

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

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

161.
160.
165.
165.
154.
161.
152*
156.
154.
137.
157.
163.

169.
165.
172.
169.
168.
154.
179.
175.
167.
161.
162.
171.

11787.
11892.
12444.
12879.
12007.
12821.
12175.
12378.
12605.
11151.
12915.
13504.

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

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

108.
108.
112.
114.
1 05.
111.
1 04 .
105.
105.
92.
106.
110.

113.
111.
116.
117.
115.
106.
123.
118.
114.
109.
109.
114.

19471.
20323.
20606.
20119.
20307.
20828.
19603.
20085.
20208.
18245.
20108.
20651.

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

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

157.
162.
163.
157.
157.
158.
147.
148.
147.
132.
145.
149.

170.
169.
170.
176.
180.
178.
197.
163.
157.
147.
150.
146.

12899.
13628.
13832.
13622.
14041.
13593.
13416.
13725.
13321.
12393.
13196.
13568.

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

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

1 04.
109.
109.
106.
109.
103.
100.
101.
97.
90.
95.
98.

112.
113.
114.
119.
125.
116.
135.
111.
104.
100.
98.
96i

20238.
21150.
22467.
21633.
23267.
23137.
23447.
25241.
24685.
24904.
25646.
25029.

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

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

148.
155.
164.
158.
171.
168.
168.
178.
171.
170.
173.
167.

149.
154.
146.
151.
153.
160.
188.
170.
171.
156.
164.
165.

13409.
14123.
15165.
14456.
15856.
16114.
16508.
17922.
17491.
17928.
18046.
17632.

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

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

98.
1 04 .
111.
106.
116.
117.
118.
126.
121.
12 2 .
1 22 .
117.

99.
103.
100.
101.
104.
112.
133.
121.
121.
112.
116.
117.

26407.
25920.
26879.
27836.
28462.
27933.
29680.
30504.
29262.
33669.
32883.
31578.

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

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

174.
169.
174.
178.
180.
175.
183.
185.
175.
196.
187.
175.

162.
147.
154.
154.
153153.
168.
168.
175.
182.
179.
168.

18427.
18130.
18963.
19836.
20333.
20607.
21464.
21943.
21423.
24462.
23652.
23130.

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

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

122.
118.
123.
127.
129.
129.
132.
133128.
143.
135.
128.

113.
103.
108.
109.
109.
113.
121.
121.
128.
132.
129.
123.

33356.
32809.
29941.
31452.
31174.
31825.
32476.
30753.
32319.
33009.
30579.
36959.

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

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

182.
175.
158.
163.
160.
163.
165.
157.
165.
169.
157.
188.

167.
155.
164.
169.
155.
150.
143.
1 40 .
142.
145.
157.
164.

23878.
23236.
21171.
21828.
20903.
20862.
21712.
20336.
21726.
22849.
20772.
26853.

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

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

1 30 .
124.
112.
113.
108.
107.
110.
104.
111.
117.
107.
136.

119.
110.
116.
117.
104.
98.
95.
93.
95.
100.
107.
119.

34482.
35475.
35412.
37053.
33740.
35989.
38327.
33509.
33836.
31752.
30115.

-6 .7
2 .9
-0 .2
4 .6
-8 .9
6 .7
6 .5
-1 2 .6
1 .0
-6 .2
-5 .2

3 .4
8 .1
1 8 .3
1 7 .8
8 .2
1 3 .1
1 8 .0
9 .0
4 .7
-3 .8
-1 .5

173.
176.
172.
177.
160.
169.
178.
154.
155.
145.
137.

156.
168.
158.
156.
163.
156.
168.
147.
145.
151.
133.

24667.
24970.
25000.
25807.
23295.
24734.
25517.
23799.
23324.
21304.
20320.

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

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

124.
124.
121.
123.

112.
119.
112.
109.
112.
107.
112.
104.
100.
102.
89.

i

1 9 8 1 - J A N ....|
-F E B ____ |
-B A B ....|
-A P B ....I
-B A Y ....I
-J U N .. . . |
-J U L . . . . |
- A U G . .. . J
-S E P ....|
-O C 1 ....I
-N O V .. . . |

111.
116.
118.
109.
1 07 .
97.
92.

— 1* SEASONALLY-ADJUSTED LOAMS OUTSTANDING AT END O f PBECEDING MONTH.

"MEN LOANS'* ABE COMPUTED AS LOANS HADE LESS BEMEHALS.




BBMENALS INCLUDE SOHE. NONAGBXCULTUBAL LOANS (SEB MCZE OH PAGE 3).

PRODUCTION CREDIT ASSOCIATIONS
LOANS HADE AID MER LOAIS
THELVB-HONTH HOVIIG TOTAL

TABLE 212.3M

1
1.
1
YEAR
| MILLIONS
ENDING—
|
OF
1 DOLLARS
J
1
1
1 9 7 a - J A N ....|
13299.
- F E B .. . . | 1 3 4 1 9 .
13518.
-MAR-------|
-A P R ------- 1
13790.
13978.
-MAY-------J
-J U N .. . . | 1 3 9 9 6 .
-J O L ....I
14152.
-A U G .. . . | 1 4 1 3 6 .
- S E P .. . . | 1 4 2 0 6 .
-O C T .. . . | 1 4 2 1 9 .
- N O V . .. . J
14146.
-D E C ....J
14359.

M
EN LOANS

LOANS HADE
AS PERCENTAGE OF
|
|
1
COLLEC­
1 LOANS OUT­
TIONS
PERCENT | STANDING*
|

CHANGE FROM
PREVIOUS YEAR
•
MILLIONS
OF
p^](-}^RS

|
CHANGB FROM
1
1
| MILLIONS |
|
PREVIOUS YEAR
1
OF
|
1...
| DOLLARS | MILLIONS
|
PERCENT
|
OF
1
| nnT.mHs
i

|
AS PERCENTAGE OF
|
| •
1
|
1 LOANS OUT|
| STANDING*
1

COLLEC­
TIONS

2656,
2611.
2536.
2629.
2683.
2576.
2496.
2164.
2052.
1821.
1459.
1331.

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

181.
180.
179.
180.
180.
178.
177.
173.
171.
168.
164.
164.

164.
164.
1 64 .
165.
168.
169.
173.
174.
173.
1 73 .
174.
174.

|
|
|
|
|
|
|
|
|
I
|
|

9335.
9422.
9493.
9714.
9862.
9873.
9980.
9978.
10013.
9977.
9865.
9981.

2222.
2180.
2093.
2183.
2196.
2073.
1983.
1727.
1602.
1357.
1000.
858.

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

127.
127.
126.
1 27 .
127.
125.
124.
122.
120.
118.
115.
114.

115.
115.
115.
116.
119.
119.
122.
123.
122.
121.
121.
121.

1 9 7 5 -J A N . . . .|
-F B B ....I
-M A R .. . . |
-A P R .. . . |
-H A Y .. . . 1
- J U N . .. . |
-J U L .. . . |
- A U G ....j
-S E P ....|
-O C T .. . . 1
-N O ? -------|
-D E C .• .• (
1
1 9 7 6 -J A N .• . *|
-F E B ....I
- M A R ....|
- A P R .. . . 1
-H A Y .. . . |
-J U N .. . . |
- J U L .. . . |
- A U G ....|
-S E P .. . . 1
-O C T ....I
-NOV------- 1
-D EC. . . . |

14445.
14625.
14744.
14899.
15004.
15256.
15340.
15341.
15472.
15579.
15643.
15997.

1146.
1207.
1226.
1109.
1026.
1260.
1188.
1204.
1266.
1360.
1496.
1638.

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

163.
162.
161.
160.
158.
159.
158.
155.
155.
154.
153.
155.

177.
179.
181.
181.
180.
178.
176.
174.
171.
169.
168.
168.

|
|
|
|
|
|
|
|
|
|
I
|

9977.
10020.
10000.
10031.
10049.
10238.
10294.
10269.
10375.
10464.
10523.
10748.

641.
598.
507.
317.
187.
366.
314.
291.
362.
488.
658.
767.

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

112.
111.
109.
108.
106.
107.
106.
1 04 .
104.
104.
1 03 .
104.

122.
123.
123.
122.
120.
120.
118.
117.
115.
114.
113.
113.

16212.
16393.
16868.
17133.
17288.
17519.
17560.
17757.
17862.
17837.
18130.
18256.

1767.
1768.
2124.
2234.
2284.
2263.
2220.
2416.
2390.
2259.
2487.
2259.

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

156.
156.
159.
160.
160.
161.
160.
160.
159.
157.
158.
157.

168.
167.
166.
167.
1 67 .
167.
168.
169.
170.
170.
168.
168.

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

10844.
10931.
11262.
11477.
11621.
11824.
11879.
12039.
12124.
12117.
12325.
12369.

867.
911.
1262.
1 44 6.
1572.
1586.
1585.
1770.
1749.
1653.
1802.
1621.

8 .7
9 .1
1 2 .6
1 4 .4
1 5 .6
1 5 .5
1 5 .4
1 7 .2
1 6 .9
1 5 .8
1 7 .1
1 5 .1

104.
104.
106.
107.
108.
109.
108.
108.
108.
107.
107.
106.

112.
111.
111.
112.
112.
113.
113.
115.
115.
115.
114.
114.

1 9 7 7 - JAN-------1
-F E B .. . . |
-M A R ....|
-A P R ....|
-M A Y ....|
-J U N .. . . |
- J U L ....)
-AUG-------|
- S E P .. . . |
-O C T .. . . |
—
MOV.. . . |
-D E C .. . . |

18434.
18671.
18934.
19094.
19334.
19510.
19625.
19728.
19844.
19959.
20017.
20049.

2223.
2277.
2066.
1961.
2046.
1991.
2065.
1971.
1982.
2122.
1887.
1794.

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

157.
157.
158.
158.
158.
158.
157.
156.
155.
154.
153.
152.

168.
168.
169.
169.
171.
172.
173.
173.
172.
169.
168.
165.

|
|
|
|
|
|
|
I
|
|
|
|

12461.
12581.
12721.
12793.
12975.
13073.
13162.
13245.
13311.
13406.
13433.
13420.

1617.
1650.
1459.
1316.
1354.
1249.
1283.
1206.
1186.
1289.
1109.
1050.

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

106.
106.
106.
106.
106.
106.
105.
105.
104.
103.
103.
101.

113.
113.
113.
114.
114.
115.
116.
116.
115.
114.
112.
110.

1 9 7 8 -J A N . . . .|
-F E B .. . . 1
-M A R .. . . |
-A P R . • . .'|
- M A Y ....)
-J U N ....I
-J U L .. . . |
-A U G .. . . |
-S E P ....|
- O C I ....I
-D E C .. . . |

20130.
20211.
20429.
20582.
20840.
21013.
21265.
21577.
21869.
22347.
22769.
23198.

1695.
1541.
1494.
1488.
1505.
1502.
1640.
1848.
2025.
2387.
2751.
3148.

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

151.
151.
151.
152.
153.
154.
155.
157.
158.
161.
163.
165.

162.
161.
160.
158.
157.
156.
156.
156.
157.
156.
157.
159.

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

13474.
13507.
13644.
13718.
13889.
14070.
14287.
14551.
14828.
15248.
15635.
16036.

1013.
926.
923.
925.
914.
997.
1 12 6.
1307.
1517.
1843.
2202.
2616.

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

101.
101.
101.
101.
102.
103.
104.
106.
107.
110.
112.
1 14 .

109.
108.
107.
106.
105.
104.
105.
105.
106.
107.
108.
110.

1 9 7 9 -J A N .. . . |
-F E B .. . . |
-M A R . . . . |
-A P R -------1
-H A Y ... . (
-J U N .. . . |
-J U L .. . . |
-A U G . . . . |
— E P .. . . i
S
-O C 1 ....I
-N O ? ------ 1
-D E C . . . . |

23840.
24279.
24755.
25349.
25792.
26152.
26570.
26887.
27190.
27828.
28377.
29027.

3711.
4068.
4326.
4766.
4952.
5139.
5305.
5310.
5321.
5481.
5608.
5830.

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

168.
169.
171.
173.
174.
174.
175.
174.
174.
176.
177.
178.

160.
160.
161.
162.
162.
161.
160.
160.
160.
161.
162.
162.

|
I

16538.
16876.
17267.
17765.
18150.
18490.
18846.
19100.
19369.
19887.
20336.
20875.

3064.
3370.
3623.
4047.
4262.
4420.
4559.
4548.
4542.
4639.
4701.
4840.

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

116.
118.
119.
121.
122.
123.
124.
124.
124.
126.
127.
128.

111.
111.
112.
113.
114.
114.
114.
114.
114.
115.
116.
117.

1980—
JAN------ |
-F E B . . . . |.
- M A R . . .. |
-A P R .. . . |
-M A Y . . . . |
-J U N . . . . |
-J U L .. . . |
-AUG ------ |
-S E P . . . . |
-O C T . . . . |
-N O V ....(
-D E C .. . . |
1
1 98 1-JA N ____ |
-F E B .. . . ]
-M A R . . . . |
-A P R . . . . |
-H A Y . . . . |
-J U N . . . . |
-J U L -------1
- A U G .....I
-S E P .. . . 1
-O C T .. . . |
-NOV . . . . |
1

29758.
30388.
30704.
31060.
31295.
31578.
31777.
31776.
31984.
31938.
31754.
32289.

5917.
6109.
5949.
5711.
5504.
5427.
5207.
4889.
4794.
4110.
3378.
3262.

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

180.
180.
179.
178.
177.
175.
173.
171.
170.
168.
165.
167.

163.
164.
165.
167.
167.
1 67 .
1 64 .
162.
159.
156.
154.
154.

I
|
I

21422.
21825.
22030.
22204.
22278.
22358.
22432.
22339.
22414.
22316.
22104.
22455.

4884.
4949.
4763.
4439.
4128.
3867.
3586.
3239.
3045.
2429.
1 76 8.
1580.

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

129.
130.
129.
127.
126.
124.
122.
120.
119.
117.
1 15 .
116.

117.

32424.
32668.
33243.
33787.
34003.
34309.
34709.
34869.
34969.
34880.
34841.

2666.
2280.
2540.
2728.
2707.
2731.
2931.
3093.
2985.
2942.
3087.

9 .0
7 .5
8 .3
8 .8
8 .7
8 .6
9 .2
9 .7
9 .3
9 .2
9 .7

167.
167.
169.
170.
170.
170.
171.
170.
169.
167.
165.

153.
154.
155.
154.
155.
155.
157.
157.
158.
159.
156.

|
|

22548.
22673.
23034.
23400.
23599.
23887.
24187.
24380.
24485.
24379.
24348.

1126.
848.
1003.
1196.
1321.
1530.
1755.
2041.
2071.
2063.
2243.

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

116.
116.
117.
118.
118.
119.
119.
119.
118.
117.
115.

106.
107.
107.
107.
108.
108.
110.
110.
110.
111.
109.

-N O V ....J

|
|

J
|
|
|

I
|

I
|

|
|
|
|
|

|
|
|
I

|
|

I
I
|
|
|
|

|

118.
119.
119.
119.
118.
116.
114.
112.
109.
107.
107.

* AVERAGE LOAMS OUTSTANDING DOBING THE PRECEDING THELVE HONTHS (AVERAGE OF END-OF-MOHTH DATA).

"HER LOANS" ABE COHPOTED AS LOANS HADE LESS RENEWALS.




RENEWALS INCLUDE SOME NONAGRICULTORAL LOANS (SEE NOTE ON PAGE 3).

9
TABLE 213.1M
PRODUCTION CREDIT ASSOCIATIONS
RSNBNALS AMD C O L L E C T I O N S
RENBNALS
MONTH

MILLIONS
OF
DOLLARS

COLLECTIONS

PERCENTAGE CHANGE
FROM PREVIOUS

| MILLIONS | PERCENTAGE CHANGE
1
AS PERCENTAGE OF
FROM PREVIOUS
1
1
OF
|
1 LOANS OUTLOANS
COLLECTIONS | DOLLARS |
MONTH________ YEAR____ I STANDING*
MADE
i
J
------- ----------- L

1
AS PEB| CENTAGE OF
| LOANS OUT-

1 9 7 4 -J A N .. . .
-F E B ------- M A R . . ..
-A P R ....
-M A I ....
-J O N ....
-J U L ____
- A U G . .. .
- SBP. . . .
-O C T ... .
-HOF____
- D E C ....

554.
476.
479.
402.
293.
218.
251.
220.
229.
306.
372.
578.

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

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

7.
6.
6.
5.
3.
2.
3.
2.
2.
3.
4.
6.

37.
39.
36.
31.
25.
23.
24.
22.
25.
27.
33.
35.

36.
44.
44.
40.
36.
31.
29.
26.
26.
25.
31.
41.

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

997.
600.
606.
594.
529.
475.
608.
639.
641.
923.
841.
821.

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

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

13.
8.
8.
7.
6.
5.
7.
7.
7.
10.
9.
9.

1 9 7 5 -J A N . . . .
-F E B ... .
-MAR____
-A P R ....
-M A Y ... .
-J U N ....
-J U L -------AUG-------S B P -------O C 1 ------- N O V ... .
- D E C ....

645.
612.
618.
525.
380.
281.
279.
245.
254.
324.
378.
707.

1 1 .5
-5 .0
0 .9
-1 5 .0
-2 7 .6
- 2 6 .1
-0 .6
-1 2 .3
3 .5
2 7 .7
1 6 .7
8 7 .1

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

7.
6.
6.
5.
4.
3.
3.
2.
2.
3.
4.
7.

41.
43.
42.
36.
30.
23.
25.
25.
24.
264
32.
35.

42.
50.
52.
43.
37.
29.
27.
25.
22.
23.
29.
41.

|
|
|
|
|
I
|
I
|
|
I
|

893.
603.
573.
701.
636.
686.
756.
739.
884.
1077.
936.
1 01 9.

8 .7
-3 2 .5
-5 .0
2 2 .3
-9 .3
7 .9
1 0 .3
-2 .3
1 9 .6
2 1 .8
- 1 3 .1
8 .9

- 1 0 .4
0 .6
-5 .5
1 8 .0
2 0 .2
44. 4
2 4 .4
1 5 .6
3 7 .9
1 6 .6
1 1 .3
24, C

9.
6.
6.
7.
6.
7.
7.
7.
8.
10.
9.
10.

1 97 6-JA N -------F E B ... .
- M A R . . ..
-A P R ... .
-M A I ....
- J U N ....
-J U 1 ....
-A U G ....
-S E P ....
- O C T ....
-N O V ....
-D E C ....

764.
707.
762.
575.
391.
309.
265.
282.
273.
306.
463.
788.

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

1 8 .5
1 5 .4
2 3 .3
9 .5
2 .8
1 0 .0
-4 .9
1 5 .1
7 .7
-5 .4
2 2 .5
1 1 .5

7.
7.
7.
5.
3.
3.
2.
2.
2.
2.
4.
7.

43.
44.
39.
34.
28.
21.
23.
24.
23.
25.
31.
37.

42.
48.
47.
41.
35.
27.
27.
27.
23.
23.
28.
41.

|
|
|
i
|
I
I
|
I
|
I
|

1062.
776.
871.
831.
731.
829.
723.
770.
892.
1055.
1212.
1136.

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

1 8 .9
2 8 .6
5 2 .1
1 8 .7
1 5 .0
2 0 .8
-4 .4
4 .2
0 .9
-2 .0
2 9 .6
1 1 .5

10.
7.
8.
7.
6.
7.
6.
6.
7.
9.
10.
9.

1 97 7-JA N -------F E B ....
-MAR-------A P R ....
-M A I ....
-JU N -------J U L ....
- A U G ... .
-S E P ....
-O CT -------N O V ....
-D E C ....

852.
823.
886.
663.
449.
388.
291.
302.
323.
327.
493.
834.

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

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

7.
7.
7.
5.
3.
3.
2.
2.
2.
2.
4.
6.

43.
45.
40.
35.
27.
24.
23.
24.
25.
25.
32.
38.

42.
48.
47.
43.
36.
32.
29.
25.
24.
20.
26.
38.

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

1175.
875.
1004.
865.
801.
814.
712.
884.
1023.
1281.
1 37 2.
1357.

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

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

10.
7.
8.
7.
6.
6.
5.
6.
7.
9.
10.
10.

1 9 7 8 -JAN-------F E B -------MAR-------A P R ____
-M A I-------JUN____
-J U L ....
- A U G ... .
-S E P ....
-O CT------- N O V . .. .
- D E C .. . .

877.
871.
967.
742.
535.
379.
327.
350.
338.
384.
528.
863.

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

3 .0
5 .9
9 .1
1 2 .0
1 9 .3
-2 .1
1 2 .1
1 5 .8
4 .9
1 7 .5
7 .2
3 .4

7.
7.
7.
6.
4.
3.
2.
2.
2.
3.
4.
6.

43.
46.
40.
37.
28.
21.
21.
22.
21.
21.
27.
33.

38.
47.
43.
41.
33.
27.
27.
25.
23.
19.
25.
37.

|
|
I
|
|
I
i
I
I
|
I
|

1402.
1002.
1265.
1081.
1097.
1014.
883.
1054.
1 13 6.
1636.
1591.
1451.

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

1 9 .3
1 4 .4
2 6 .0
2 5 .0
3 7 .0
2 4 .6
2 4 .1
1 9 .2
11. 1
2 7 .7
1 6 .0
6 .9

10.
8.
10.
8.
8.
7.
6.
7.
8.
11.
11.
10.

1 9 7 9 -JAN-------FEB-------MAR-------A P R -------M A I-------J U N ... .
-J U L .. . .
-A U G ....
-S E P ....
- O C T ....
- N O V ... .
- D E C .. . .

1018.
972.
1052.
838.
593.
400.
389.
414.
372.
504.
628.
974.

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

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

7.
7.
7.
5.
4.
2.
2.
2.
2.
3.
4.
6.

38.
41.
36.
32.
25.
19.
20.
22.
20.
21.
25.
30.

37.
43.
42.
38.
30.
24.
24.
24.
22.
21.
25.
35.

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

1703.
1282.
1455.
1370.
1364.
1284.
1262.
1284.
1307.
1911.
1868.
1787.

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

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

11.
9.
10.
9.
9.
8.
8.
8.
8.
11.
11.
10.

1 9 8 0 -J A N .. . .
-F E B ... .
- M A R . . ..
-A P R ....
-M A I ....
-JU N -------J U L ... .
-AUG-------S E P -------O C T ... .
-N O V .. . .
-D E C ....

1201.
1199.
1162.
1021.
754.
603.
513.
506.
504.
556.
656.
1158.

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

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

7.
7.
6.
5.
4.
3.
3.
3.
3.
3.
3.
6.

35.
40.
36.
34.
29.
25.
24.
27.
24.
23.
28.
31.

36.
44.
44.
42.
34.
29.
24.
25.
22.
19.
25.
35.

|
I
|
|
I
i
I
|
J
|
I
I

2101.
1527.
1508.
1414.
1485.
1506.
1629.
1552.
1780.
2359.
1965.
2130.

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

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

12.
8.
8.
7.
8.
8.
8.
8.
9.
12.
10.
11.

1 981-JA N -------F E B ... .
-M A R .. . .
-A P R ....
-M A I ....
-J U N ... .
-J U L ------- A U G ... .
-S E P -------O C T ... .
- N O V ... .

1243.
1319.
1376.
1199.
770.
621.
613.
474.
500.
572.
649.

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

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

6.
7.
7.
6.
4.
3.
3.
2.
2.
3.
3.

35.
41.
36.
34.
27.
23.
24.
23.
23.
25.
28.

35.
47.
43.
40.
33.
27.
27.
23.
22.
21.
22.

I
I
I
|
I
1
|
I
|
I
|

2328.
1516.
1836.
1802.
1533.
1641.
1639.
1613.
1823.
2173.
2287.

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

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

12.
8.
9.
9.
7.
8.
7.
7.
8.
10.
10.

* LOANS OUTSTANDING AT END OF PRECEDING MONTH.

RENEWALS AND COLLECTIONS INCLUDE SOME NONAGRICULTURAL LOANS




(SEE NOTE ON PAGE 3)

10
TABLB 2 1 3 . 20

PBODOCTION CBEDIT ASSOCIATIONS
BBNEHALS AND COLLECTIONS
SEASONALLY-ADJUSTED ANNUAL BATE
1
1.
j BILLIONS ]
OF
1
J
DOLLABS i .
1
!
1
4216.
1974— A N .• •• |
J
3971.
-F B B ....I
-H A B ....|
3872.
-A P B ... • |
4170.
—
BAX****|
4183.
-J U N ....I
403 1*
- J U L *.• • |
5130.
-A U G **• • |
4 62 6*
4791.
-S E P * * * .|
5067.
-O C X ****|
-N O T .* * .|
4850.
4822.
-D B C ..* * |
1
4914.
1 9 7 5 -J A N . . . . i
5070.
-fE B * ..* t
4919.
—
BAB*** * |
5324.
-A P B ....I
5411.
-J U N ....I
5228.
5782.
-J U L ****|
5171.
-A U G ....1
-S E P .... J
5378.
-O C X -.--I
5503.
- N O V . .. . |
5044.
-D E C ....|
5919.
1
5851.
1 9 7 6 -J A N .* * .|
-F E B ..-.|
5797.
5942.
-B A B ..* * |
-A P B .* . . |
5709.
-B A T ....I
5532.
-J U N ....I
5779.
5568.
- J U L ....I
5973.
—
AUG*. . . |
5824.
-S E P * ...|
5353.
-N O V ...• |
6326.
6632.
- D E C ....I
1
1 9 7 7 -J A N . . . . |
6572.
-F E B ....|
6695.
- B A B ....|
6774.
6497.
-A P S . . . . |
6266.
— A X *.. . J
B
7235.
—
JUN*. . . |
6187.
- J U L ....!
- A U G . .. . |
6360.
6888.
- S E P * « ..|
5852.
- O C X ...* !
-N O V ....!
6912.
7083.
-D E C ....!
1
1 9 7 8 -J A N . . . . !
6829.
7027.
-F B B ....I
7302.
- B A B * ...!
-A P B ....i
7178.
7411.
-B A Y ....I
-J U N ....1
7023.
-J U L * ...(
6939.
-A U G .. . . 1
7318.
7195.
-S E P * ..* !
6977.
- O C X ....!
-N O V ....!
7599.
7398.
-D E C * .* * !
1
1 9 7 9 - J A M ....|
7980.
7790.
— E B ....1
F
7917.
—BAB.. . . |
-A P B ....!
8001.
8129.
-B A Y ....!
7326.
- J U N ...* !
8217.
-J U L ....!
8561.
- A U G * ...|
7839.
-S E P ....!
9206.
-O C T . * • • |
- M O V .. . . |
9231.
- D E C .. . . |
8448.
1
1 9 8 0 - J A B ....]
9479.
-F E B ....]
9570.
8770.
-B A B ....]
-A P B ...-I
9625.
-B A Y ....]
10272.
-J U N ....!
10964.
10763.
— U L .* « . ]
J
10417.
- A U G * . .. ]
10592.
-S E P * ..* !
-O C X ....!
10160.
9807.
- N O V ....I
-D E C ....|
10106.
i
9815.
1981— A N . . . . ]
J
-F B B ....1
10505.
- B A B ....]
10413.
-A P B * .* • |
11246.
—B A X *..*|
10445.
11255.
- J U N * ...|
12810.
-J U L ....!
9709.
- A U G ....1
10512.
-S E P ...* ]
10448.
- O C X ....!
— O V ....|
B
9795.
_________________L_
MONTH

BENEMALS
PBBCENXAGE CHANGE
FBOB PBETIOUS

COLLECTIONS

| BILLIONS |
1
AS PEBCENXAGE OF
!
OF
1
1
] LOANS OUTLOANS
COLLECTIONS]
DOLLABS 1
AMD BENEMALS!
1
1 STANDING* _
BADE

BOMTB

1
AS PSB! CBNXAGE OF
| LOANS OUX1 STANDING*

BONXH

YSAB

5 .5
-5 .8
-2 .5
7 .7
0 .3
-3 .6
2 7 .3
-9 .8
3 .6
5 .8
-4 .3
-0 .6

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

52.
49.
47.
50.
49.
47.
58.
51.
52.
54.
52.
51.

29.
29.
30.
29.
29.
32.
33.
30.
33.
34.
34.
31.

30.
32.
33.
34.
35.
36.
40.
36.
38.
37.
37.
36.

I
]
|
|
|
|
|
I
1
]
]
|

9992.
8455.
7852.
8084.
7734.
7075.
7660.
8226.
7795.
8799.
8217.
8760.

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

2 7 .4
1 3 .9
3 .5
2 2 .1
-8 .0
-1 0 .5
-1 1 .1
-1 .0
1 4 .9
3 .5
-8 .5
1 5 .4

124.
105.
96.
98.
91.
82.
87.
92.
85.
95.
87.
92.

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

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

51.
51.
49.
53.
53.
51.
56.
49.
51.
52.
47.
55.

32.
32.
35.
33.
34.
33.
34.
34.
32.
33.
33.
31.

36.
38.
41.
36.
37.
34.
37.
35.
33.
35.
35.
36.

I
|
1
I
]
]
1
|
]
1
|
I

8835.
8402.
7221.
9365.
9200.
10131.
9973.
9800.
10860.
10333.
9176.
10703.

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

-1 1 .6
-0 .6
-8 .0
1 5 .8
1 9 .0
4 3 .2
3 0 .2
1 9 .1
39. J
1 7 .4
1 1 .7
2 2 .2

91.
85.
72.
92.
90.
98.
96.
94.
103.
98.
86.
99.

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

1 9 .1
1 4 .3
2 0 .8
7 .2
2 .2
1 0 .5
-3 .7
1 5 .5
8 .3
-2 .7
2 5 .4
1 2 .1

53.
52.
53.
51.
48.
50.
48.
51.
49.
44.
52.
54.

33.
33.
32.
31.
32.
31.
31.
33.
32.
32.
33.
33.

36.
35.
36.
34.
35.
32.
36.
36.
34.
34.
35.
36.

1
1
]
]
|
]
!
|
1
J
|
|

10440.
10720.
10685.
10975.
10462.
12086.
9901.
10512.
11068.
10220.
11872.
11801.

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

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

95.
97.
96.
97.
92.
105.
85.
89.
93.
85.
97.
96.

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

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

53.
53.
54.
51.
48.
55.
46.
47.
50.
42.
50.
51.

34.
33.
33.
32.
31.
35.
32.
32.
34.
32.
34.
34.

36.
36.
36.
36.
36.
38.
38.
34.
35.
32.
34.
33.

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

11487.
12013.
12118.
11414.
11277.
11716.
9964.
12313.
12865.
12439.
13445.
14103.

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

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

93.
96.
96.
89.
87.
89.
74.
91.
94.
90.
97.
102,

-3 .6
2 .9
3 .9
-1 .7
3 .3
-5 .2
-1 .2
5 .5
-1 .7
-3 .0
8 .9
-2 .7

3 .9
5 .0
7 .8
1 0 .5
1 8 .3
-2 .9
1 2 .2
1 5 .1
4 .5
1 9 .2
9 .9
4 .4

50.
52.
53.
53.
54.
51.
50.
52.
50.
48.
51.
49.

34.
33.
33.
33.
32.
30.
30.
29.
29.
28.
30.
30.

33.
34.
32.
33.
33.
33.
36.
33.
33.
30.
33.
33.

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

13578.
13724.
15166.
14287.
15215.
14449.
12445.
14861.
14421.
15940.
15623.
15125.

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

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

99.
101.
111.
105.
112.
105.
89.
105.
100.
109.
106.
101.

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

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

53.
51.
51.
51.
51.
46.
51.
52.
47.
54.
53.
47.

30.
30.
29.
29.
29.
26.
28.
28.
27.
27.
28.
27.

33.
31.
31.
31.
30.
29.
32.
32.
32.
33.
33.
31.

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

16312.
17635.
17487.
18117.
18648.
18214.
17716.
18154.
16726.
18509.
18395.
18771.

7 .8
8 .1
-0 .8
3 .6
2 .9
-2 .3
-2 .7
2 .5
-7 .9
1 0 .7
-0 .6
2 .0

20. 1
2 8 .5
1 5 .3
2 6 .8
2 2 .6
26. 1
4 2 .4
2 2 .2
1 6 .0
1 6 .1
1 7 .7
2 4 .1

108.
115.
113.
116.
118.
114.
109.
110.
100.
108.
105.
104.

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

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

52.
51.
46.
50.
53.
56.
55.
53.
54.
52.
50.
51.

28.
29.
29.
31.
33.
34.
33.
34.
33.
31.
32.
27.

32.
31.
32.
34.
34.
34.
32.
32.
32.
31.
34.
31.

|
|
1
|
]
1
]
|
|
I
|
|

19991.
21166.
18265.
18652.
20172.
21245.
22751.
21980.
22809.
22786.
19462.
22486.

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

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

109.
113.
96.
97.
104.
109.
116.
112.
116.
116.
100.
114.

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

49.
52.
50.
54.
50.
53.
59.
45.
48.
48.
45.

28.
30.
29.
30.
31.
31.
33.
29.
31.
33.
33.

31.
33.
32.
32.
33.
33.
36.
JO .
31.
33.
30.

]
I
1
]
!
|
I
|
]
]
1

22039.
21056.
22378.
23727.
20749.
23080.
22830.
22871.
23397.
20977.
22725.

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

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

110.
104.
108.
113.
99.
108.
106.
105.
107.
95.
103.

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

• SEASONALLY-ADJUSTED LOANS OOTSXAHDING AX END OF PBECBDIMG BOMIfl.
BENENAL5 AND COLLBCtlONS I N C L U D E S O B E M O N A G R I C U L T U R A L L O A M S




PBBCENXAGE CHANGE
FBOH PBETIOUS

{S E E

M O T E ON PACE 3)

YEAB

11
TABLE 213.3M

PRODUCTION CREDI1 ASSOCIATIONS
RENEWALS AND COLLECTIONS
TWELVE-MONTH MOVING TOTAL
RENEWALS

YEAR
ENDING—

MILLIONS
OF
DOLLARS

CHANGE FROM
PREVIOUS YEAR
___ ___ _
MILLIONS
OF
PERCENT
DOLLARS

COLLECTIONS
1
1
|
|
CHANGE FROM
i
1
|
AS PERCENTAGE OF
| MILLIONS |
PREVIOUS YEAR
1
1
OF
1
I
LOANS
COLLECTIONS!
DOLLARS 1 MILLIONS
|
1 LOANS OUT| STANDING*
MADE
AND RENEWALS!
1
|
OF
PERCENT
1
I
(
1 DOLLARS
1
54.
30.
33.
|
8125.
1494.
22.5
54.
30.
33.
1487.
|
8207.
22. 1
53.
30.
33.
|
8241.
1403.
20.5
53.
30.
33.
|
8360.
1461.
21.2
53.
29.
33.
|
8320.
1296.
18.4
52.
29.
33.
I
8267.
1162.
16.3
52.
29.
34.
1
8167.
936.
13.0
51.
29.
34.
|
6140.
816.
11.1
50.
30.
34.
1
8217.
882.
12.0
50.
30.
34.
|
8237.
724.
9.6
50.
30.
34.
|
8153.
376.
4.8
50.
30.
35.
1
8273.
381.
4.8
1
50.
31.
35.
1
8170.
45.
0.5
51.
31.
36.
-34.
|
8173.
-0.4
52.
32.
37.
|
8140.
-101.
-1.2
52.
33.
37.
|
8247.
-1.4
-113.
52.
33.
37.
1
8354.
33.
0.4
52.
33.
37.
|
8565.
297.
3.6
52.
33.
37.
1
8713.
547.
6.7
51.
33.
37.
i
8813.
673.
8.3
51.
33.
36.
|
9056.
838.
10.2
51.
33.
36.
J
9209.
972.
11.8
50.
33.
35.
I
9304.
1151.
14. 1
51.
33.
14.8
36.
|
9501.
1228.
1
52.
33.
36.
18.4
J
9670.
1501.
52.
33.
36.
|
9843.
1670.
20.4
53.
33.
36.
| 10142.
*002.
24.6
53.
33.
36.
! 10272.
2025.
24.6
33.
35.
53.
J 10367.
24.1
201333.
52.
35.
| 10510.
1945.
22.7
52.
32.
35.
| 10477.
1763.
20.2
51.
32.
35.
| 10508.
1o95.
19.2
51.
32.
35.
1460.
16. 1
| 10516.
50.
32.
35.
I 10494.
1285.
14.0
50.
32.
35.
1467.
| 10771.
15.8
35.
1387.
51.
32.
i 10888.
14.6

|
AS
| PERCENTAGE
I
|
OF
|
I LOANS OU1| STANDING*

1974-JAN....
-FEB___
-MAR....
-APR....
-MAY___
- JJN---JUL---AUG....
-SEP....
-OCT....
-NOV....
-DEC....

3964.
3997.
4025.
4076.
4116.
4124.
4172.
4159.
4193.
4242.
4282.
4378.

434.
431.
443.
446.
487.
503.
512.
438.
450.
465.
459.
472.

12.3
12.1
12.4
12.3
13.4
13.9
14.0
11.8
12.0
12.3
12.0
12.1

1975-JAN---FEB....
-MAR....
-APR....
-MAY---JUN....
-JUL....
-AUG---SEP....
-OCi---NOV---DEC___

4468.
4605.
4744.
4868.
4956.
5018.
5047.
5072.
5097.
5114.
5120.
5249.

504.
608.
719.
792.
839.
894.
875.
913.
904.
872.
838.
871.

12.7
15.2
17.9
19.4
20.4
21.7
21.0
22.0
21.6
20.6
19.6
19.9

1976-JAN___
-FEB___
-MAR....
-APR....
-MAY___
-JUN....
-JUL---AUG---SEP---OCT---NOV---DEC....

5368.
5462.
5606.
5656.
5667.
5695.
5681.
5718.
5738.
5720.
5805.
5886.

900.
857.
862.
788.
711.
677.
635.
646.
641.
606.
685.
638.

20.1
18.6
18.2
16.2
14.4
13.5
12.6
12.7
12.6
11.8
13.4
12.1

1977-JAN___
-FEB---MAR___
-APR....
-MAY---JUN___
-JUL....
-AUG---SEP....
-OCI---NOV....
-DEC---

5974.
6090.
6214.
o301.
6359.
6438.
6463.
6484.
6533.
6554.
6584.
6630.

605.
627.
607.
645.
692.
743.
782.
765.
796.
834.
779.
743.

11.3
11.5
10.8
11.4
12.2
13.0
15.8
13.4
13.9
14.6
13.4
12.6

51.
51.
52.
52.
52.
52.
52.
51.
51.
51.
50.
50.

32.
33.
33.
33.
33.
33.
33.
33.
33.
33.
33.
33.

35.
35.
36.
36.
36.
36.
36.
36.
36.
36.
3b.
35.

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

11001.
11101.
11234.
11268.
11338.
11323.
11311.
11426.
11557.
11783.
11943.
12164.

1331.
1258.
1092.
996.
971.
813.
835.
918.
1041.
1289.
1172.
1276.

13.8
12.8
10.8
9.7
5.4
7.7
8.0
8.7
9.9
12.3
10.9
11.7

54.
54.
94.
93.
93.
92.
90.
90.
90.
SI.
91.
92.

1978-JAN---FEB---MAR....
-APR---MAY....
-JUN___
-JUL....
-AUG---SEP---OCT---NOV---DEC.

b656.
6704.
6785.
6864.
6951.
6942.
6978.
7025.
7041.
7098.
7134.
7162.

682.
615.
571.
563.
592.
505.
514.
542.
508.
545.
550.
532.

11.4
10.1
5.2
8.9
9.3
7.8
8.0
8.4
7.8
b.3
8.4
6.0

50.
50.
50.
51.
51.
51.
51.
51.
51.
51.
51.
51.

33.
33.
33.
33.
33.
33.
33.
33.
32.
32.
31.
31.

35.
35.
35.
35.
34.
34.
34.
34.
34.
33.
3j .
33.

12391.
12517.
12777.
12994.
13291.
13491.
13662.
13832.
13945.
14300.
14520.
14614.

1389.
1416.
1544.
1726.
1953.
2168.
2351.
2406.
2388.
2517.
2577.
2450.

12. 6
12.8
13.7
15.3
17.2
19. 1
20.8
21.1
20.7
21.4
21.6
20.1

93.
93.
95.
96.
97.
99.
100.
100.
101.
103.
104.
104.

1979-JAN---FEB....
-MAE....
-APR---MAY---JUN....
-JUL---AUG....
-SEP---OCI....
-NOV___
-D&C....

7302.
7403.
7488.
7584.
7641.
7661.
7724.
7788.
7821.
7941.
8041.
8152.

647.
659.
703.
719.
691.
719.
746.
762.
779.
842.
907.
990.

9.7
10.4
10.4
10.5
9.9
10.4
10.7
10.8
11.1
11.9
12.7
13.8

51.
52.
52.
52.
52.
51.
51.
51.
50.
50.
50.
50.

31.
30.
30.
30.
30.
29.
29.
29.
29.
29.
28.
28.

33.
33.
33.
33.
32.
32.
32.
32.
32.
32.
31.
31.

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

14914.
15195.
15385.
15673.
15939.
16210.
16588.
16817.
16988.
17263.
17540.
17877.

2524.
2678.
2607.
2679.
2649.
2719.
2926.
2985.
3043.
2962.
3020.
3263.

20.4
*1.4
20.4
20.6
19.9
20.2
21.4
21.6
21.8
20.7
*0.8
22.3

105.
106.
106.
107.
107.
108.
105.
109.
109.
109.
109.
110.

1980-JAN___
-FEB___
-MAR....
-APR---MAY....
-JUN....
-JUL....
-AUG---SEP....
-OCT___
-NOV....
-DEC---

8336.
8563.
8673.
8856.
9017.
92*1.
9345.
9436.
9570.
9622.
9650.
9834.

1033.
1160.
1185.
1272.
1376.
1559.
1621.
1o50.
1745.
1682.
1609.
1682.

14.2
15.7
15.8
1b.8
18.0
20.4
21.0
21.2
22.4
21.2
20.0
20.6

50.
51.
51.
51.
51.
51.
51.
51.
51.
51.
50.
51.

28.
28.
28.
29.
29.
29.
29.
30.
30.
30.
30.
30.

31 .
32.
32.
32.
32.
33.
33.
33.
32.
32.
32.
32.

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

18275.
18520.
18573.
18617.
18738.
18960.
19327.
19596.
20068.
20516.
20613.
20955.

3360.
3325.
3188.
2944.
2799.
2 750.
2739.
2778.
3080.
3253.
3073.
3079.

22.5
21.S
20.7
18.8
17.6
17.0
16.5
16.5
18.1
18.8
17.5
17.2

110.
110.
108.
107.
106.
105.
105.
105.
107.
108.
107.
108.

1981-JAN___
-FEB.
-MAR....
-APE....
-MAY---JUN....
-JUL.. ..
-AUG....
-SEP....
-OCI....
-NOV___

9675.
9995.
10209.
10388.
10404.
10422.
10522.
10489.
10485.
10501.
10493.

1540.
1432.
1536.
1532.
1386.
1201.
1177.
1051.
915.
878.
843.

18.5
16.7
17.7
17.3
15.4
13.0
12.6
11.1
9.6
9.1
8.7

51.
51.
52.
52.
52.
52.
52.
51.
51.
50.
50.

30.
31.
31.
31.
31.
30.
30.
30.
30.
30.
30.

32.
32.
32.
32.
32.
32.
32.
32.
32.
32.
32.

|
J
|
|
!
!
1
|
|
I
I
_j
L_

21183.
21171.
21499.
21887.
21935.
22071.
22081.
22141.
22185.
21999.
22320.

2908.
2652.
2926.
3270.
3197.
3111.
2753.
2546.
2117.
1483.
1708.

15.9
14.3
15.8
17.6
17. 1
16.4
14.2
13.0
10.5
7.2
8.3

109.
108.
109.
110.
110.
110.
109.
108.
107.
105.
106.

* AVERAGE LOANS OUTSTANDING DURING THE PRECEDING TWELVE MONTHS (AVERAGE OF END-OF-MONTH DATA).
RENENALS AND COLLECTIONS INCLUDE SOME NONAGRICULTURAL LOANS (SEE NOTE ON PAGE 3).




111.
110.
109.
109.
107.
105.
102.
100.
99.
97.
95.
95.
92.
91.
89.
88.
88.
89.
89.
89.
91.
91.
91.
92.
93.
94.
96.
96.
96.
97.
95.
95.
94.
92.
94.
94.

12
ZABLE 221.1H
FEDERAL LAHO BANKS
LOAMS OOTS1AHDIMG
AMOUNT
MILLIONS OPDOLLARS
|
_________________________________________ 1

END OP
EOMZH

END OP
MONTH

t
CHANGE
PROM PREVIOUS)
|______________________ i

___________L____SQSIM_______ Uk B____L
11105.
11249.
11467.
11693.
11940.
12176.
12433.
12660.
12877.
13075.
13269.
13456.

157.
144.
218.
226.
248.
236.
257.
227.
216.
198.
194.
188.

1873.
1881.
1899.
1954.
2022.
2099.
2224.
2276.
2352.
2379.
2448.
2509.

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

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

19 7 5 -J A N .. . |
-P 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 .. . 1

13656.
13880.
14179.
14441.
14693.
14938.
15145.
15333.
15518.
15712.
15837.
16014.

200.
224.
299.
262.
252.
245.
207.
188.
185.
194.
125.
177.

2551.
2631.
2712.
2748.
2752.
2762.
2712.
2672.
2641.
2637.
2569.
2557.

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

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

1 9 7 6 -J A N .. .
-P 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 .. .

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

16190.
16370.
16700.
16946.
17160.
17403.
17623.
17806.
17982.
18148.
18320.
18524.

176.
180.
330.
246.
213.
244.
220.
184.
176.
165.
173.
204.

2534.
2490.
2521.
2505.
2467.
2465.
2478.
2474.
2464.
2436.
2483.
2510.

1 .1
1 .1
2 .0
1 .5
1 .3
1 .4
1 .3
1 .0
1 .0
0 .9
1 .0
1 .1

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

1 9 7 7 -J A N .. .
-P 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 .. .

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

18693.
18922.
19331.
19625.
19917.
20190.
20441.
20658.
20874.
21057.
21258.
21466.

168.
229.
409.
294.
292.
273.
251.
217.
216.
183.
201.
208.

2503.
2552.
2631.
2679.
2757.
2787.
2818.
2852.
2891.
2909.
2938.
2942.

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 5 .5
1 5 .6
1 5 .8
1 5 .8
1 6 .1
1 6 .0
1 6 .0
1 6 .0
1 6 .1
1 6 .0
1 6 .0
1 5 .9

1 9 7 8 - J A N ...
-P 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 .. .

|
|
1
|
1
|
|
|
4
|
i
|

21672.
21896.
22234.
22481.
22807.
23131.
23395.
23678.
2393S.
24211.
24461.
24668.

206.
224.
338.
247.
326.
324.
^64.
283.
261.
272.
250.
207.

2979.
2974.
2903.
2856.
2890.
2940.
2954.
3020.
3065.
3154.
3203.
3202.

1 .0
1 .0
1 .5
1 .1
1 .4
1 .4
1 .1
1 .2
1 .1
1 .1
1 .0
0 .8

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

1 9 7 9 -J A N .. . |
-P 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 .. . 4
- N O V ... I
- D E C .. . |

25053.
25358.
25851.
26294.
26781.
27261.
27658.
28103.
28430.
28859.
29259.
29725.

385.
305.
493.
443.
487.
480.
397.
445.
327.
429.
400.
467.

3381.
3462.
3617.
3813.
3974.
4130.
4263.
4426.
4492.
4648.
4798.
5057.

1 .6
1 .2
1 .9
1 .7
1 .9
1 .8
1 .5
1 .6
1 .2
1 .5
1 .4
1 .6

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

1 9 8 0 -J A N ... 4
-F E B ... |
-M A R ... |
-A P R ... i
-M A Y ... I
-J U N .. . 4
-J U L ... 4
-A U G ... |
-S E P ... |
-O C T ... 1
-N O V ... |
- D E C .. . |

30268.
30840.
31603.
32425.
33154.
33681.
34167.
34506.
34852.
35235.
35554.
36032.

542.
572.
764.
821.
730.
527.
486.
339.
346.
383.
319.
478.

5215.
5482.
5752.
o130.
6373.
6420.
6510.
6403.
6422.
6377.
6296.
6307.

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

2 0 .8
2 1 .6
2 2 .3
2 3 .3
2 3 .8
2 3 .6
2 3 .5
2 2 .8
2 2 .6
2 2 .1
2 1 .5
2 1 .2

1 9 8 1 -J A N .. .
-P E B ...
-M A E ...
-A P R ...
-M A Y ...
- J U N . ..
-J U L ...
- A U G ...
-S E P ...
-O C T ...
- N O V ...

36594.
37188.
38030.
38818.
39568.
40280.
40969.
41516.
42103.
42702.
43212.

562.
594.
842.
789.
749.
713.
689.
547.
586.
599.
510.

6326.
6348.
6426.
6394.
6413.
6599.
6802.
7010.
7250.
7467.
7658.

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

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




I
1
(
|
|
|
|
|
|
4
|

PERCENTAGE CHANGE
PROM PREVIOUS

DOLLARS
MONTH
-0 .1
0 .1
0 .3
-0 .4
1 .2
0 .5
0 .4
0 .4
0 .4
0 .2
0 .2
0 .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

4 3 0 .0
4 3 1 .6
4 3 3 .5
435. 1
4 3 6 .9
4 3 8 .6
4 4 0 .0
4 4 1 .0
4 4 2 .0
4 4 2 .4
4 4 2 .4
4 4 2 .8

0 .2
0 .4
0 .4
0 .4
0 .4
0 .4
0 .3
0 .2
0 .2
0 .1
0 .0
0 .1

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

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

0 .1
0 .1
0 .3
0 .2
0 .2
0 .3
0 .2
0 .2
0 .1
0 .1
-0 .0
0 .1

3 .1
2 .8
2 .7
2 .5
2 .3
2 .2
2 .1
2 .0
1 .9
1 .9
1 .8
1 .8

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

0 .0
0 .1
0 .3
0 .2
0 .2
0 .3
0 .2
0 .2
0 .2
0 .1
0 .0
0 .1

1 .7
1 .8
1 .8
1 .8
1 .7
1 .8
1 .8
1 .8
1 .8
1 .9
1 .9
1 .9

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

0*1
0 .1
0 .2
0 .1
0 .3
0 .3
0 .3
0 .3
0 .3
0 .2
0 .2
0 .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

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

0 .3
0 .3
0 .5
0 .4
0 .5
0 .5
0 .5
0 .5
0 .4
0 .4
0 .3
0 .5

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

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

0 .5
0 .5
0 .8
0 .9
0 .8
0 .6
0 .4
0 .3
0 .3
0 .3
0 .2
0 .4

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

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

0 .5
0 .5
0 .7
0 .6
0 .6
0 .7
0 .6
0 .5
0 .6
0 .5
0 .4

6 .2
6 .1
6 .1
5 .8
5 .6
5 .7
5 .9
6. 1
6 .4
6 .6
6 .8

26804.
27117.
27571.
28221.
28479.
28902.
29385.
29803.
30197.
30588.
30988.
31349.

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

31758.
32156.
32711.
33190.
33627.
34061.
34420.
34767.
35112.
35516.
35797.
36166.

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

36533.
36895.
37522.
37998.
38389.
38832.
39246.
39581.
39924.
40267.
40662.
41088.

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

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

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

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

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

53020.
53522.
54304.
55030.
55793.
56510.
57070.
57716.
58171.
58793.
59419.
60063.

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

60831.
61643.
62687.
63744.
64665.
65323.
65980.
66434.
66892.
67409.
67873.
68525.

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

69273.
70060.
71119.
72141.
73064.
73899.
74723.
75316.
75949.
76626.
77230.

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

YEAR

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

PERCENTAGE
CHANGE
PROM
PREVIOUS
____ 1 U & ____

___________________i_____ J______________L

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

1 9 7 4 - 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 .. .

AVERAGE SIZE

NUMBER OP LOAMS
PERCENTAGE CHANGE
|
|
FROM PREVIOUS
1
|
__________________________ | THOUSANDS|
MONTH
YEAR
|
|
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
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
|
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
i
i
1
i
i
1
1
1
i
1
1
1
1
1
i
i
i
i
i
i
t
i
i
1
i
1
i
i
i
i
i
1
. l

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
i
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
J
1
1
1
J
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
I
1
1
1
1
1
1
I
1
1
1
1
1
I
|
1
I
(
I
I
1
1
1
I
1
1
i
1
1
1
1
1
1
1
1
1
1
. 1

13

TABLE 221.2H

FEDERAL LAND BANKS
LOANS OUTSTANDING
SEASONALLY-ADJUSTED DATA
NUMBER OF LOANS

AMOUNT
J
|
i
1

MILLIONS OF DOLLARS
_
_
| CHANGE FROM PREVIOUS
END OF 1
____ ..
.
MONTH |
MONTH
YEAR
.1
_
. — (SAARL-

1974-JAN...
-FEB...
-MAR...
-APR...
-MAY...
-JUN...
-JUL...
-AUG...
-SEP...
-OCT...
-NOV...
-DEC...

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

11175.
11330.
11491.
11689.
11907.
12120.
12369.
12607.
12838.
13062.
13291.
13513.

2398.
2008.
2093.
2613.
2901.
2824.
3347.
3178.
3074.
2956.
3036.
2923.

1975-JAN...
-FEB...
-MAR...
-APR...
-MAY.. .
-JUN...
-JUL...
-AUG...
-SEP...
-OCT...
-NOV...
-DEC...

I
J
|
i
|
I
|
|
1
j
1
J

13744.
13983.
14205.
14433.
14651.
14865.
15064.
15266.
15473.
15701.
15870.
16083.

1976-JAN...
-FEB...
-MAR...
-APR...
-MAY...
-JUN...
-JUL...
-AUG...
-SEP...
-OCT...
-NOV...
-DEC...

|
J
1
|
|
j
I
|
|
i
|
|

1977-JAN...
-FEB...
-MAR...
-APR...
-MAY...
-JUN...
-JUL.. .
-AUG.. .
-SEP...
-OCS...
-NOV...
-DEC...

END OF
MONTH

1
1

PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
(SAAR)

YEAR

1885.
1898.
1900.
1951.
2016.
2089.
2211.
2265.
2345.
2379.
2455.
2521.

21.8
18.0
18.5
22.7
24.8
23.7
27.6
25.7
24.4
23.0
23.2
22.0

20.3
20. 1
19.8
20.0
20.4
20.8
21.8
21.9
22.4
22.3
22.7
22.9

3049.
3150.
2909.
2999.
2936.
2797.
2565.
2610.
2674.
2979.
2151.
2755.

2569.
2653.
2714.
2744.
2744.
2745.
2695.
2659.
2635.
2640.
2579.
2570.

22.6
22.9
20.8
21.1
19.6
19.1
17.3
17.3
17.5
19.3
13.7
17.4

23.0
23.4
23.6
23.5
23.0
22.7
21.8
21.1
20.5
20.2
19.4
19.0

16298.
16494.
16724.
16932.
17105.
17312.
17527.
17727.
17935.
18142.
18367.
18608.

2775.
2505.
2995.
2670.
2199.
2651.
2765.
2556.
2657.
2650.
2894.
3116.

2554.
2511.
2520.
2499.
2455.
2447.
2463.
2461.
2462.
2440.
2497.
2525.

17.3
15.4
18.2
16.0
13.0
15.5
16.0
14.6
15.0
14.8
16.0
17.0

18.6
18.0
17.7
17.3
16.8
16.5
16.4
16. 1
15.9
15.5
15.7
15.7

|
1
.
|
1
|
|
I
|
J
|
|
|

18820.
19065.
19355.
19603.
19846.
20074.
20329.
20570.
20831.
21063.
21329.
21577.

2710.
3158.
3790.
3188.
3128.
2916.
3274.
3090.
3362.
2966.
3421.
3164.

2522.
2572.
2631.
2671.
2741 .
2762.
2802.
2843.
2896.
2922.
2962.
2968.

14.6
16.8
19.9
16.5
16.0
14.7
16.3
15.2
16.3
14.2
16.2
14.8

15.5
15.6
15.7
15.8
16.0
16.0
16.0
16.0
16.1
16. 1
16.1
16.0

1976-JAN...
-FEB...
-MAR...
-APR...
-MAY...
-JUN...
-JUL...
-AUG...
-SEP...
-OCT...
-NOV...
-DEC...

|
|
1
|
|
|
|
|
|
|
(
J

21612.
22052.
22253.
22445.
22713.
22987.
2J263.
23573.
23890.
24211.
24531.
24775.

3003.
3060.
2539.
2418.
3429.
3512.
3543.
4001.
4109.
4137.
4140.
3095-

2992.
2967.
2898.
2842.
2867.
2912.
2934.
3003.
3059.
3147.
3202.
3199.

13.9
14.0
11.5
10.9
15.3
15.5
15.4
17.2
17.4
17.3
17.1
12.6

15.9
15.7
15.0
14.5
14.4
14.5
14.4
14.6
14.7
14.9
15.0
14.8

1979-JAN...
-FEB...
-MAR...
-APR...
-MAY...
-JUN...
-JUL...
-AUG...
-SEP...
-OCT...
-NOV...
-DEC...

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

25237.
25554.
25889.
26261.
26669.
27083.
27500.
27982.
28382.
28863.
29348.
29857.

6151.
4075.
4322.
4837.
5327.
5423.
5448.
6369.
5207.
6332.
6390.
6729.

3425.
350c.
3636.
3816.
3956.
4097.
4237.
4409.
4492.
4652.
4817.
5082.

24.8
16. 1
16.9
18. 7
20.3
20.3
20.1
23.2
18.6
22.3
22. 1
22.9

15.7
15.9
16.3
17.0
17.4
17.8
18.2
18.7
18.8
19.2
19.6
20.5

1980-JAN...
-FEB...
-MAR...
-APR...
-MAY...
-JUN.. .
-JUL.. .
-AUG...
-SEP...
-OCT.. .
-NOV...
-DEC...

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

30489.
31073.
31652.
32385.
33009.
33455.
33976.
34363.
34808.
35253.
35681.
36212.

8536.
7795.
7698.
10006.
8342.
5758.
6820.
4954.
5727.
5735.
5493.
6925.

5252.
5519.
5763.
6123.
6341.
6371.
6476.
6382.
6425.
6390.
6333.
6355.

28.6
25.6
24.8
31.6
25.8
17.4
20.4
14.6
16.7
16.5
15.6
19.4

20.8
21.6
22.3
23.3
23.8
23.5
23.5
22.8
22.6
22.1
21.6
2 1.3

1981-JAN...
-FEB...
-MA*.. .
-APR...
-MAY...
-JUN...
-JUL...
-AUG...
-SEP...
-OCT...
-NOV...

1
J
1
|
|
|
I
|
|
|
1

36861.
37467.
38089.
38771.
39391.
40005.
40742.
41348.
42057.
42731.
43377.

8607.
7954.
8193.
9039.
8132.
8033.
9789.
7907.
9358.
8838.
8428.

6372.
63 93.
6437.
6386.
6382.
6551.
6766.
6985.
7250.
7478.
7696.

23.8
21.6
21.9
23.7
21.0
20.4
24.5
19.4
22.6
21.0
19.7

1
1
1
1
1

tO. 9
20.6
20.3
19.7
19.3
19.6
19.9
20.3
20.8
21.2
21.6




I
I
I
J
I
I
I
1
1
1
1
1
1
1
1
1
i
1
1
1
1
1
1
1
1
1
i
1
1
1
l
1
1
1
1
i
1
1
1
i
1
1
1
1
1
1
1
1
1
1
1
1
1
I
1
1
1
1
1
1
1
1
1
1
J
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
i
1
1
1
1
1
1
1
1
1
1
1
1
1
1
-

1
1

AVERAGE SIZE

PERCENTAGE CHANGE
FROM PREVIOUS

THOUSANDS|
1
1
1_

J
I

i
MONTH
_JSAAR)

YEAR

415.3
415.9
416.5
414.8
419.2
420.8
422.4
423.9
425.5
426.9
428.3
429.6

0.3
1.8
1.9
-4.9
13.7
4.4
4.7
4.5
4.6
4.0
4.0
3.9

1.7
1.7
1.7
1.1
2.1
2.3
2.6
2.8
3.1
3.2
3.3
3.5

431.0
432.8
434. 1
435.6
437.0
438.0
439.2
440. 1
441.0
441.6
442.5
443.2

4.0
4.9
3.9
4.0
3.9
3.0
3.2
2.4
2.6
2.2
2.0
2.0

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

444.2
444.8
445.7
446.4
447.0
447.6
448.2
448.9
449.5
450.1
450.7
451.4

2.8
1.6
2.4
1.8
1.7
1.6
1.6
1.9
1.5
1.6
1.6
1.8

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

452.0
452.7
453.5
454. 1
454.8
455.4
456. 1
456. 9
457.8
458.7
459.6
460.3

1.7
1.7
2.2
1.7
1.7
1.8
1.9
2.1
2.3
2.2
2.4
1.9

1.7
1.8
1.7
1.7
1.7
1.7
1.8
1.8
1.9
1.9
2.0
2.0

460.7
461.4
461.8
461.9
462.9
463.9
465.0
466.3
467.6
468.9
470.3
471.5

1. 1
1.7
1.1
0.4
2.7
2.5
3.0
3.3
3.4
3.4
3.7
3.1

1.9
1.9
1.8
1.7
1.8
1.9
2.0
2.0
2.1
2.2
2.3
2.4

473.9
475. 1
476. 7
478.0
479.9
481.7
483.7
486.0
488.0
490.3
492.5
495.3

6.3
3.0
4. 1
3.4
4.8
4.6
5.2
5.8
4.9
5.8
5.6
7.0

2.9
3.0
3.2
3.5
3.7
3.8
4.0
4.2
4.4
4.6
4.7
5.0

499.0
501.7
504.8
508.9
512.6
514. 8
516.9
518.6
520.4
522.3
524.1
526.5

9.5
6.5
7.9
10.0
9. 1
5.4
5.1
3.9
4.3
4.5
4.4
5.5

5.3
5.6
5.9
6.4
6.8
6.9
6.9
6.7
6.6
6.5
6.4
6.3

529.8
532.2
535.5
538.3
541.4
544.2
547.3
550.4
553.8
556.9
560.0

7.9
5.6
7.5
6.5
7.2
6.4
7.1
6.9
7.6
7. 1
6.8

6.2
6.1
6. 1
5.6
5.6
5.7
5.9
6.1
6.4
6.6
6.8

DOLLARS

1
1

I
i
1
1
1
l
J
1
1
i
1
1
1
i
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
i
1
1
1
I
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
i
1
1
1
1
1
1
1
1
J
1
1
1
1
1
1
J
1
1
J
1
\
1
1
1
1
1
1

PERCENTAGE
CHANGE
FROM
PREVIOUS
YEAR

26910.
27243.
27588.
28182.
28401.
28805.
29285.
29740.
30173.
30598.
31035.
31453.

18.3
18.1
17.8
18.7
17.9
18.1
18.6
18.5
18.7
18.5
18.8
18.8

31886.
32310.
32719.
33137.
33528.
33937.
34299.
34691.
35087.
35542.
35865.
36287.

18.5
18.6
18.6
17.6
18.1
17.8
17.1
16.6
16.3
16.2
15.6
15.4

36688.
37078.
37523.
37931.
38266.
38677.
39105.
39488.
39900.
40308.
40755.
41227.

15.1
14.8
14.7
14.5
14.1
14.0
14.0
13.8
13.7
13.4
13.6
13.6

41637.
42119.
42682.
43166.
43641.
44077.
44567.
45016.
45499.
45922.
46409.
46875.

13.5
13.6
13.7
13.8
14.0
14.0
14.0
14.0
14.0
13.9
13.9
13.7

47344.
47798.
48192.
48594.
49063.
49551.
50023.
50553.
51092.
51631.
52156.
52542.

13.7
13.5
12.9
12.6
12.4
12.4
12.2
12.3
12.3
12.4
12.4
12.1

53253.
53787.
54308.
54937.
55572.
56227.
56851.
57574.
58165.
58873.
59592.
60285.

12.5
12.5
12.7
13.1
13.3
13.5
13.6
13.9
13.8
14.0
14.3
14.7

61095.
61941.
62698.
63643.
64402.
64987.
65728.
66268.
66890.
67499.
68075.
68782.

14.7
15.2
15.4
15.8
15.9
15.6
15.6
15.1
15.0
14.7
14.2
14. 1

6S573.
70394.
71134.
72030.
727b2.
73512.
74438.
75127.
75949.
76727.
77464.

13.9
13.6
13.5
13.2
13.0
13.1
13.3
13.4
13.5
13.7
13.8

14
TABLE 2 2 2 . U t
LAND BANKS
LOANS CLOSED

FEDERAL

AMOUNT
1
1
.
MILLIONS Of DOLLARS
| PERCENTAGE CHANGE
1
1
fROM PREVIOUS
. 0NTH
1
|
j CLOSED
| CHANGE fROM PREV10US|_
YEAR
MONTH
IN
1
i
1
MONTH I
MONTH
YEAR
1
1
1
37.
38. 1
12.7
333.
92.
1*74-JAN....J
14.
-23.9
5.8
253.
-80.
-fEB.... I
344.
19.
35.9
5.8
-MAR....]
91.
21.5
-1.
-0.3
61.
-APR....|
343.
23.9
-MAY....|
361.
18.
70.
5.2
79.
-5.8
30.3
340.
-21.
-JON--- |
69.9
153.
9.2
372.
31.
-JUL....|
15.8
-44.
45.
-11.8
328.
-AUG--- |
-20.
90.
-6.2
41.6
-SEP....|
308.
17.4
317.
9.
47.
2.9
-CCT....J
25.1
-NOV--- |
304.
-12.
61.
-3.9
10.6
39.5
95.
-DEC....|
336.
32.

AVERAGE SIZE

NUMBER Of LOANS
|
]

1
1
THOUSANDS!
|
1
1

PERCENTAGE CHANGE
FROM PREVIOUS
DOLLARS
MONTH

YEAR

PERCENTAGE
CHANGE
fROM
PREVIOUS
..YEAR

|
|
|
|
|
|
|
J
]
|
]
|

5.2
4.5
5.5
5.7
5.8
5.3
5.3
5.6
4.8
4.9
4.7
5.0

27.6
-13.5
23.0
3.9
0.6
-7.4
-0.1
5.7
-15.2
3.0
-3.8
6.1

1.7
0.3
-9.2
8.5
2.5
5.7
29.7
13.6
25.3
1.6
6.1
23.7

64321.
56563.
62466.
59915.
62661.
63771.
69728.
58152.
64386.
64326.
64277.
67004.

10.8
5.5
16.4
12.0
20.9
23.3
31.0
1.9
13.0
15.6
17.9
12.7

1975-JAN....|
-fEB___ |
-MAR....|
-APR--- |
-MAY--- |
-JON..
-JOL....|
-AOG....|
-SEP--- |
-OCT--- 1
-NOV....|
-DEC....|

398.
347.
439.
397.
379.
373.
331.
288.
311.
320.
262.
375.

61.
-51.
92.
-43.
-18.
-7.
-42.
-43.
22.
9-57.
113.

65.
94.
95.
53.
18.
32.
-41.
-39.
3.
3.
-42.
38.

18.3
-12.8
26.6
-9.7
-4.4
-1.7
-11.2
-12.9
7.7
2.9
-17.9
42.9

19.4
37.0
27.6
15.6
4.9
9.4
-10.9
-12.0
1.0
1.0
-13.8
11.4

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

5.6
5.1
5.7
5.5
5.3
5.1
4.8
4.0
4.3
4.4
3.7
5.0

10.6
-8.0
12.3
-3.7
-3.6
-3.6
-7.3
-15.8
7.3
2.7
-15.6
34.3

7.2
14.0
4.1
-3.6
-7.7
-3.9
-10.8
-28.9
-10.0
-10.3
-21.4
-0.5

71671.
67929.
76576.
71848.
71243.
72648.
69616.
72028.
72291.
72440.
70457.
74992.

11.4
20.1
22.6
19.9
13.7
13.9
-0.2
23.9
12.3
12.6
9.6
11.9

1976-JAN....|
-fEB--- 1
-MAR....|
-APR--- 1
-MAY___ |
-JON....|
-JOL--- 1
-AOG--- 1
-SEP--- |
-OCT....|
-NOV....|
-DEC....i

393.
347.
528.
436.
364.
405.
367.
321.
323.
314.
351.
438.

18.
-46.
181.
-91.
-73.
41.
-38.
-46.
3.
-10.
37.
87.

-5.
-0.
88.
40.
-15.
32.
36.
32.
13.
-6.
88.
63.

4.8
-11.7
52.1
-17.3
-16.7
11.4
-9.4
-12.6
0.8
-3.0
11.8
24.8

-1.3
-0. 1
20.1
10.0
-4. 1
8.7
10.9
11.2
4.1
-1.9
33.7
16.7

|
|
{
|
|
1
|
|
1
1
|
|

4.8
4.5
6.4
5.4
4.9
5.2
4.5
4.4
4.2
4.1
4.5
5.0

-3.6
-7.2
42.8
-15.7
-9.3
6.1
-13.9
-2.0
-4.6
-1.7
9.0
13.0

-13.3
-12.6
11.2
-2.6
-8.3
0.9
-6.2
9.0
-3.0
-7.1
20.0
1.0

81586.
77645.
82736.
81165.
74546.
78265.
82357.
73457.
77572.
76534.
78511.
86699.

13.8
14.3
8.0
13.0
4.6
7.7
18.3
2.0
7.3
5.7
11.4
15.6

1977-JAN--- 1
-fEB--- 1
-MAR....|
-APR.•..|
-MAY....!
-JON....|
-JOL___ |
-AOG.... 1
-SEP....I
-0C1--- 1
-NOV....|
-DEC....|

464.
429.
b79.
521.
518.
506.
492.
403.
380.
359.
419.
449.

26.
-34.
249.
-158.
-3.
-12.
-14.
-89.
-23.
-21.
60.
30.

71.
83.
151.
85.
155.
101.
125.
82.
57.
45.
68.
11.

6.0
-7-4
58.1
-23.2
-0.6
-2.4
-2.7
-18.2
-5.7
-5.6
16.8
7.2

18.0
23.8
28.7
19.4
42.5
24.9
34.1
25.6
17.5
14.4
19.5
2.6

|
|
|
|
|
J
|
|
|
|
]
|

4.9
4.7
6.8
5.6
5.8
5.9
4.8
4.8
4.5
4.4
4.8
5.0

-2.3
-4.3
44.1
-17.3
3.2
1. 1
-18.5
0.5
-7.3
-2.2
11.1
3.2

2.4
5.6
6.6
4.6
19.0
13.4
7.3
10.1
7.0
6.4
8.5
-0.9

94058.
91013.
99833.
92640.
89273.
86233.
102888.
83792.
85203.
82240.
86442.
89729.

15.3
17.2
20.7
14.1
19.8
10.2
24.9
14.1
9.8
7.5
10.1
3.5

1 978-JAN--- |
-fEB....|
-MAR___ J
-APR--- J
-HAY....|
-JON.... I
-JOL....|
-AOG....|
-SEP....|
-OCT....|
-NOV....|
-DEC....|

503.
433.
619.
492.
571.
560.
462.
481.
455.
486.
470.
483.

54.
-70.
186.
-127.
79.
-11.
-98.
19.
-26.
31.
-16.
13.

39.
4.
-60.
-29.
52.
54.
-30.
78.
75.
127.
51.
34.

12.0
-13.9
42.9
-20.5
16.0
-1.9
-17.5
4.1
-5.4
6.8
-3.2
2.7

8.4
0.8
-8.8
-5.6
10. 1
10.6
-6.2
19.3
19.8
35.5
12.3
7.6

]
|
]
|
|
|
|
|
|
|
|
|

4.9
4.5
5.9
4.9
5.9
5.»
4.8
5.3
4.7
5.2
5.2
5.2

-1.7
-8.6
31.2
-16.8
19.7
0.3
-17.7
10.0
-12.7
12.4
-1.3
-0.2

-0.2
-4.7
-13.3
-12.8
1.2
0.4
1.3
10.9
4.4
19.9
6.5
3.0

102187.
96334.
104921.
100255.
97164.
95029.
95272.
90130.
97744.
92918.
91087.
93784.

8.6
5.8
5.1
8.2
8.8
10.2
-7.4
7.6
14.7
13.0
5.4
4.5

1979-JAN....1
-fEB.... I
-MAR....1
-APR....J
-MAY....|
—JON.... 1
-JOL___ |
-AOG--- |
-SEP.... I
-0C1....|
-NOV....|
-DEC___ |
1
1980-JAN....|
-fEB....|
-MAR.... 1
-APR....|
-MAY--- 1
-JON....]
-JOL....|
-AUG--- 1
-SEP....]
-OCT....|
-NOV--- |
-DEC....]
1
198 1—JAN___ ]
-fEB--- |
-MAR--- |
-APR--- |
, “MAY.•..|
-JON___ |
-JOL--- |
-AOG--- ]
-SEP--- |
-OCT--- |
-NOV--- 1
_ _
1

734.
531.
799.
733.
790.
748.
657.
692.
525.
691.
685.
807.

251.
-204.
268.
-66.
57.
-43.
-90.
34.
-167.
166.
-6.
122.

232.
98.
180.
241.
219.
188.
196.
211.
70.
205.
215.
324.

52.0
-27.7
50.5
-8.2
7.8
-5.4
-12.0
5.2
-24.2
31.7
-0.9
17.8

46. 1
22.6
29.1
49.0
38.5
33.5
42.3
43.9
15.3
42.2
45.6
67.0

]
|
|
|
|
]
|
|
|
|
|
|

6.2
5.0
6.9
6.1
6.9
6.6
6.2
6.4
5.2
6.4
5.7
6.6

20.7
-20.4
39.4
-11.5
13.7
-4.5
-6.3
•3.2
-19.7
24.2
-10.5
15.3

26.4
10.2
17.1
24.6
18.3
12.7
28.3
20.4
10.8
22.5
11.0
28.3

118095.
107147.
115682.
119910.
113716.
112593.
105705.
107772.
101719.
107817.
119449.
122095.

15.6
11.2
10.3
19.6
17.0
18.5
10.9
19.6
4.1
16.0
31.1
30.2

970.
856.
1074.
1129.
1010.
803.
736.
522.
568.
629.
544.
777.

164.
-114.
218.
55.
-119.
-207.
-67.
-214.
46.
61.
-85.
233.

236.
326.
275.
396.
220.
56.
79.
-170.
43.
-62.
-141.
-30.

20.3
-11.8
25.4
5.1
-10.5
-20.5
-8.3
-29.1
8.8
10.7
-13.5
42.8

32. 1
61.4
34.4
54.0
27.8
7.4
12.0
-24.5
8.3
-9.0
-20.6
-3.7

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

7.4
6.4
8.0
8.9
7.7
6.4
5.4
4.4
4.8
5.3
4.5
6.2

12.6
-13.7
23.9
11.2
-13.1
-17.1
-15.4
-19.0
9.3
11.8
-15.3
36.9

19.7
29.8
15.3
45.0
10.8
-3.9
-13.2
-31.9
-7.3
-16.6
-21.0
-6.2

130356.
133238.
134819.
127389.
131180.
125832.
136332.
119406.
118779.
117679.
120112.
125298.

10.4
24.4
16.5
6.2
15.4
11.8
29.0
10.8
16.8
9.1
0.6
2.6

961.
913.
1206.
1152.
1050.
1032.
986.
768.
«58.
866.
778.

184.
-48.
293.
-54.
-102.
-19.
-46.
-218.
91.
7.
-87.

-10.
57.
132.
24.
40.
228.
250.
245.
290.
237.
234.

23.7
-5.0
32.1
-4.4
-8.9
-1.6
-4.4
-22. 1
11.8
0.9
-10.1

-1.0
|
6.6
1
12.3
|
2.1
|
4.0
|
28.4
|
33.9
|
47.0
]
51.1
|
37.7
|
43.1
|
_______ L

6.5
6.0
8.4
7.6
7.2
7.5
6.7
5.9
6.3
6.2
5.7

5.5
-8.3
40.1
-9.5
-5.5
4.3
-10.8
-11.0
6.1
-1.5
-8.9

-12.1
-6.7
5.5
-14.2
-6.7
17.3
23.8
35.9
31.9
16.2
25.0

146874.
152246.
143502.
151602.
146184.
137739.
147517.
129112.
136077.
139383.
137537.

12.7
14.3
6.4
19.0
11.4
9.5
8.2
8.1
14.6
18.4
14.5




15

TABLE 222.2d

FEDERAL LAND BANKS
LOANS CLOSED
SEASONALLY-ADJUSTED ANNUAL RATE

1
AMOUNT
l_
MILLIONS OF DOLLARS
|
1
MONTH
]
1
1 CLOSED | CHANGE FROM PREVIOUS|
IN
1
_
j
MONTH
__Y£AR
1
1_ MONTH 1
1
1974-JAN--- |
3581.
578.
406.
-FEB....|
3255.
-326.
197.
-HAR....i
3250.
-5.
165.
-APR--- 1
423.
3673.
669.
-MAY--- |
3915.
242.
737.
-JUN--- |
3946.
30.
892.
4684.
-JUL....J
738.
1867.
-260.
-AUG--- |
4424.
643.
4316.
-108.
-SEP--- |
1286.
60.
-OCT--- 1
4376.
685.
-NCV--- 1
4140.
-236.
843.
44.
-DEC....J
4185.
1181.

NUMBER OF LOANS
PERCENTAGE CHANGE
FROM PREVIOUS

I
|

1
1
IHOUSANDSI
1
1
1

MONTH

YEAR

19.2
-9.1
-0.2
13.0
6.6
0.8
18.7
-5.5
-2.4
1.4
-5.4
1.1

12.8
6.4
5.3
22.3
23.2
29.2
66.3
17.0
42.4
18.6
25.6
39.3

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

AVERAGE SIZE

PERCENTAGE CHANGE
FROM PREVIOUS
DOLLARS

PERCENTAGE
CHANGE
FROM
PREVIOUS
YEAR

MONTH

YEAR

59.7
57.1
54.6
62.3
62.8
61.7
69.9
69.0
65.9
65.8
61.3
61.1

20.3
-4.3
-4.3
14.1
0.7
-1.7
13.2
-1.3
-4.5
-0.2
-6.8
-0.2

2.5
1.5
-7.7
9.0
2.6
4.3
26.9
12.8
24.8
2.3
6.1
23.3

60010.
57023.
59516.
58931.
62361.
63914.
67042.
64143.
65493.
66525.
67560.
68447.

10.1
4.8
14.1
12.2
20.1
23.8
31.1
3.8
14.1
15.9
18.4
13.0

1975-JAN.... |
-FEB--- 1
-MAR....|
-APR--- 1
-MAY--- |
-JUN--- J
-JUL--- |
-AUG--- |
-SEP--- 1
-OCT--- |
-NOV....|
-DEC--- l

4314.
4473.
4112.
4269.
4083.
4255.
4119.
3933.
4383.
4469.
3614.
4620.

130.
158.
-361.
157.
-185.
172.
-136.
-186.
450.
86.
-855.
1006.

733.
1217.
862.
595.
168.
310.
-565.
-491.
67.
93.
-527.
435.

3.1
3.7
-8.1
3.8
-4.3
4.2
-3.2
-4.5
11.4
2.0
-19.1
27.8

20.5
37.4
26.5
16.2
4.3
7.8
-12.1
-11.1
1.5
2.1
-12.7
10.4

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

64.6
65.6
57.3
60.6
58.0
58.3
61.2
49.1
59.1
59.1
48.3
60.7

5.6
1.6
-12.6
5.7
-4.2
0.5
4.9
-19.7
20.4
-0.0
-18.3
25.6

8.2
14.8
4.9
-2.8
-7.6
-5.5
-12.4
-28.8
-10.3
-10.1
-21.1
-0.8

66838.
68228.
71749.
70443.
70363.
72972.
67340.
80047.
74108.
75578.
74783.
76139.

11.4
19.7
20.6
19.5
12.8
14.2
0.4
24.8
13.2
13.6
10.7
11.2

197 6-JAN___ 1
-FEB--- |
-MAR--- |
-APR--- |
-MAY....|
-JUN.... 1
-JUL--- |
-AUG....|
-SEP....|
-OCT--- J
-NOV....|
-DEC....|
1
1977-JAN.••.i
-FEB--- |
-MAR....|
-APR--- |
-MAY--- |
-JUN--- |
-JUL--- |
-AUG--- |
-SEP....J
-OCT....J
-NOV--- 1
-DEt____ |

4325.
4474.
4878.
4703.
3898.
4549.
4548.
4411.
4616.
4420.
4870.
5360.

-295.
149.
403.
-175.
-805.
651.
-2.
-137.
205.
-197.
451.
489.

11.
2.
76b.
434.
-185.
294.
429.
47b.
233.
-49.
1257.
740.

-6.4
3.5
9.0
-3.6
-17.1
16.7
-0.0
-3.0
4.7
-4.3
10.2
10.0

0.2
0.0
18.6
10.2
-4.5
6.9
10.4
12.2
5.3
-1.1
34.8
16.0

|
|
i
|
|
(
|
|
|
|
|
J

56.5
57.8
63.6
59.7
53.2
57.6
56.7
54.0
57.7
54.7
58.2
61.2

-6.9
2.2
10.1
-6.1
-11.0
8.4
-1.7
-4.7
6.8
-5.1
6.3
5.1

-12.5
-11.9
11.0
-1.4
-8.4
-1.2
-7.4
9.9
-2.4
-7.4
20.4
0.8

76547.
77474.
76680.
78743.
73324.
78959.
80279.
81672.
80007.
80749.
83689.
87631.

14.5
13.6
6.9
11.8
4.2
8.2
19.2
2.0
8.0
6.8
11.9
15.1

5156.
5540.
6227.
5637.
5478.
5648.
6137.
5521.
5485.
5070.
5913.
5446.

-204.
384.
687.
-590.
-159.
169.
490.
-616.
-36.
-415.
843.
-468.

830.
1066.
1349.
934.
1580.
1098.
1590.
1110.
869.
650.
1043.
86.

-3.8
7.5
12.4
-9.5
-2.8
3. 1
8.7
-10.0
-0.6
-7.6
16.6
-7.9

19.2
23.8
27.7
19.9
40.5
24. 1
35.0
25.2
18.8
14.7
21.4
1.6

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

58.0
61.5
67.6
63.3
62.6
64.6
t>0.7
59.8
62.0
57.6
63.6
60.8

-5.1
6.0
9.9
-6.3
-1.2
3.3
-6.0
-1.5
3.7
-7.1
10.4
-4.4

2.7
6.5
6.3
6.0
17.7
12.2
7.2
10.8
7.5
5.3
9.3
-0.5

88863.
90088.
92122.
89000.
87532.
87363.
101036.
92277.
88441.
87976.
92941.
89499.

16. 1
16.3
20.1
13.0
19.4
10.6
25.9
13.0
10.5
9.0
11.1
2.1

1978-JAN--- |
-FEB....|
-MAR--- |
-APR--- |
-MAY....|
-JUN.... |
-JUL....J
-AUG--- |
-SEP--- |
-OCT....|
-NOV.. . .|
-DEC--- |

5603.
5577.
5672.
5336.
5945.
6250.
5794.
6534.
6654.
6833.
6702.
5838.

157.
-26.
95.
-336.
609.
305.
-455.
739.
120.
179.
-131.
-864.

447.
37.
-555.
-301.
467.
602.
-343.
1013.
1168.
1763.
788.
392.

2.9
-0.5
1.7
-5.9
11.4
5.1
-7.3
12.8
1.8
2.7
-1.9
-12.9

8.7
0.7
-8.9
-5.3
8.5
10.7
-5.6
18.3
21.3
34.8
13.3
7.2

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

57.7
59. 1
58.3
56.0
62.3
64.6
61.8
66.3
65.4
68. 1
68.2
62.8

-5.2
2.5
-1.3
-4.0
11.4
3.7
-4.3
7.3
-1.4
4. 1
0.2
-7.9

-0.6
-3.9
-13.7
-11.6
-0.4
-0.0
1.8
10.9
5.4
18.1
7.2
3.2

97158.
94367.
97239.
95323.
95365.
9b706.
93724.
98492.
101757.
100351.
98253.
92974.

9.3
4.7
5.6
7.1
8.9
10.7
-7.2
6.7
15.1
14. 1
5.7
3.9

1979-JAN___ |
-FEB....1
-MAh--- 1
-APR....(
-MAY--- |
-JUN--- 1
-JUL....|
-AUG....1
-SEP--- |
-OCT--- |
-NOV....|
-DEC--- J
1
1980-JAN--- |
-FEB--- J
-MAR....J
-APR....|
-MAY--- |
-JUN....|
-JUL--- J
-AUG--- |
-SEP--- |
-OCT...•!
-NOV--- |
-DEC....|
I
1981-JAN....J
-FEB--- |
-MAR....|
-APR--- |
-MAY....|
-JUN--- |
-JUL--- |
-AUG--- |
-SEP--- |
-OCT--- |
-NOV--- |

8151.
6830.
7376.
7991.
8107.
8381.
8301.
9303.
7739.
9630.
9899.
9710.

2313.
-1320.
545.
615.
116.
274.
-80.
1002.
-1564.
1891.
269.
-189.

2548.
1253.
1704.
2655.
2162.
2131.
2506.
2769.
1085.
2797.
3197.
3872.

39.6
-16.2
8.0
8.3
1.5
3.4
-1.0
12. 1
-16.8
24.4
2.8
-1.9

45.5
22.5
30.0
49.7
36.4
34. 1
43.3
42.4
16.3
40. 9
47.7
66.3

|
l
|
J
|
|
|
J
J
|
|
|

72.4
65.6
68.5
70.4
72.6
73.0
79.6
78.5
73.0
82.2
76.4
81.0

15.3
-9.5
4. 4
2.8
3.2
0.5
9.1
-0.2
-8.2
12.6
-7. 1
6.1

25.6
11.0
17.4
25.8
16.5
13.0
28.8
19.8
11.6
20.8
12.0
29.0

112542.
104165.
107725.
113483.
111612.
114763.
104220.
117012.
106028.
1 17124.
129569.
119833.

15.8
10.4
10.8
19. 1
17.0
18.7
11.2
18.8
4.2
16.7
31.9
28.9

10721.
11012.
9979.
12345.
10280.
9006.
9363.
6979.
8402.
8703.
7925.
9354.

1012.
291.
-1032.
2366.
-2065.
-1275;
357.
-2384.
1423.
301.
-778.
1429.

2570.
4181.
2604.
4355.
2174.
625.
1062.
-2324.
662.
-927.
-1974.
-356.

10.4
2.7
-9.4
23.7
-16.7
-12.4
4.0
-25.5
20.4
3.6
-8.9
18.0

31.5
61.2
35.3
54.5
26.8
7.5
12.8
-25.0
8.6
-9.6
-19.9
-3.7

J
|
J
|
|
|
|
j
|
|
|
|

86.1
85.2
79.3
102.7
79.8
70.4
69.2
53.9
68.1
67.9
60.8
76.4

6.3
-1.1
-6. 9
29.6
-22.4
-11.8
-1.6
-22.1
26.2
-0.2
-10.6
25.8

18.9
29.9
15.8
45.9
9.8
-3.7
-13.1
-32.2
-6.7
-17.4
-20.5
-5.7

124500.
129252.
125845.
120157.
128882.
128012.
135316.
129395.
123391.
128077.
130442.
122420.

10.6
24.1
16.8
5.9
15.5
11.5
29.8
10.6
16.4
9.4
0.7
2.2

10590.
11735.
11241.
12623.
10646.
11568.
12583.
10225.
12713.
11936.
11385.

1236.
1145.
-494.
1382.
-1977.
921.
1015.
-2357.
2488.
-777.
-551.

-131.
723.
1262.
276.
366.
2562.
3220.
3247.
4312.
3233.
3460.

13.2
10.8
-4.2
12.3
-15. 7
8.7
8.8
-18. 7
24.3
-6. 1
-4.6

-1.2
6.6
12.6
2.3
3.6
28.4
J4.4
46.5
51.3
37.2
43.7

|
|
j
|
|
|
|
|
|
|
|

75.4
79.5
83.8
88.4
74.1
82.7
85.6
73.2
90.1
78.6
76.2

-1.3
5.5
5.4
5.4
-16.2
11.6
3.6
-14.6
23.1
-12.8
-3.1

-12.4
-6.6
5.7
-14.0
-7.2
17.5
23.8
35.7
32.3
15.7
25.4

140432.
147552.
134093.
142822.
143752.
139899.
146909.
139725.
141078.
151835.
149453.

12.8
14.2
6.6
18.9
11.5
9.3
8.6
8.0
14.3
18.6
14.6

1 .




16
TABLE 222.3M
FEDERAL LAND BARKS
LOARS CLOSED
THELVE-BOHTH BOVIHG TOTAL

BILLIONS OF DOLLARS
END- OF
BONTH

AVERAGE SIZE

NUHBER OF LOANS

ABOONT
YEAR
ENDING—

J

{" CHANGE FROB PREVIOUS|
1
1
1
BONTH
YEAR
l

PERCENTAGE CHANGE
FROB PREVIOUS
BONTH

YEAR

I
THOUSANDS|
1
i_

DOLLARS

PERCENTAGE
CHANGE
FROB
PREVIOUS
YEAR . _

PERCENTAGE CHANGE
FROB PREVIOUS
BONTH

YEAR

1 9 7 4 - J A N . . ..
-F E B ....
-B A R ... .
-A P R ... .
- B A Y ....
- J U N ....
- J O L .. . .
-A U G .. . .
-S E P ....
-O C l ....
-N O V ....
-D E C ....

3207.
3221.
3239.
3300.
3370.
3449.
3602.
3647.
3737.
3784.
3845.
3940.

37.
14.
19.
61.
70.
79.
1 53 .
45.
90.
47.
61.
95.

838.
755.
643.
596.
559.
537.
636.
594.
664.
644.
679.
771.

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

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

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

0 .2
0 .0
-1 .0
0 .8
0 .2
0 .5
2 .1
1 .1
1 .6
0 .1
0 .4
1 .6

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

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

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

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

4005.
4099.
4193.
4247.
4265.
4297.
4256.
4217.
4220.
4223.
4181.
4219.

65.
94.
95.
53.
18.
32.
-4 1 .
-3 9 .
3.
3.
-4 2 .
38.

798.
878.
954.
947.
895.
848.
654.
570.
483.
439.
336.
279.

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

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

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

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

8 .4
9 .5
1 0 .9
9 .7
8 .7
7 .8
4 .6
0 .7
-1 .7
-2 .6
-4 .7
-6 .2

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

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

1 9 7 6 -JAN-------F E B ....
- B A R ....
-A P R ....
- B A Y ....
-JO N -------J O L ....
-A O G . . . .
-S E P ....
- O C T ....
- H O V .. . .
- D E C ....

4214.
4214.
4302.
4342.
4327.
4359.
4395.
4428.
4440.
4434.
4523.
4585.

-5 .
-0 .
88.
40.
-1 5 .
32.
36.
32.
13.
-6 .
68.
63.

210.
116.
109.
95.
62.
62.
139.
211.
220.
211.
341.
366.

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

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

5 7 .8
5 7 .2
5 7 .8
5 7 .7
5 7 .2
5 7 .3
5 7 .0
5 7 .3
5 7 .2
5 6 .9
5 7 .6
5 7 .7

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

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

72686.
73701.
74412.
75288.
75600.
76105.
77136.
77212.
77608.
77932.
78459.
79480.

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

1 9 7 7 -J A N .• .•
-F E B ....
-B A R ....
-A P R ....
-B A Y ....
-J O N ....
-J O L ....
-A O G ....
-S E P ....
-O C T ... .
-H O V ....
-D E C ....

4656.
4739.
4890.
4975.
5130.
5231.
5356.
5438.
5494.
5539.
5608.
5619.

71.
83.
151.
85.
155.
101.
125.
82.
57.
45.
68.
n .

442.
525.
588.
633.
803.
871.
960.
1010.
1054.
1105.
1085.
1034.

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

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

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

80548.
81622.
83619.
84707.
85983.
86669.
88264.
88970.
89470.
89819.
90369.
90616.

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

1 9 7 6 -J A N .. . .
-F E B ....
-B A R ....
-A P R ....
-B A Y ....
-J O N ... .
-J O L ....
- A O G ....
-S E P ....
-O C T ... .
- N O V ... .
- D E C ....

5658.
5662.
5602.
5572.
5625.
5678.
5648.
5726.
5801.
5928.
5980.
6014.

39.
4.
-6 0 .
-2 9 .
52.
54.
-3 0 .
78.
75.
127.
51.
34.

1002.
923.
711.
597.
495.
448.
292.
288.
307.
389.
372.
395.

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

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

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

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

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

91260.
91648.
92020.
92634.
93400.
94257.
93654.
94124.
95052.
95774.
96112.
96432.

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

1 9 7 5 -J A N .••.
-F E B ....
- B A R ....
-A P R ... .
-B A Y ....
-J O N ....
-J O L ....
-A O G .. . .
- S B P .. . .
-O C l....
-N O V ....
- D E C .. . .

6246.
e343.
6523.
6764.
6984.
7171.
7367.
7578.
7648.
7853.
8067.
8391.

232.
96.
180.
241.
219.
188.
196.
211.
70.
205.
215.
324.

588.
682.
922.
1192.
1359.
1493.
1719.
1852.
1847.
1924.
2088.
2377.

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

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

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

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

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

98104.
98926.
100160.
101973.
103603.
105219.
105956.
107316.
107537.
108619.
110714.
112899.

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

1 9 8 0 -J A N .. . .
-F E B ....
- B A R ....
-A P R ....
-B A Y ....
-J O N ... .
-J O L ....
-A O G ....
-S E P ....
-O C T .. . .
- H O V ....
- D E C .. . .

8627.
8953.
9228.
9624.
9844.
9899.
9978.
9809.
9852.
9790.
9649.
9619.

236.
326.
275.
396.
220.
56.
79.
-1 7 0 .
43.
-6 2 .
-1 4 1 .
-3 0 .

2382.
2610.
2705.
2860.
2860.
2728.
2611.
2231.
2204.
1937.
1582.
1228.

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

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

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

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

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

114191.
116234.
118179.
119057.
120657.
121721.
123939.
125v09.
126165.
127103.
127264.
127555.

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

1 9 8 1 -J A N .. . .
-F E B ....
- B A R ....
-A P R ____
-B A Y ....
-J O N ... .
-J O L ... .
-A O G ... .
-S E P ... .
-O C l....
-N O V ....

9610.
9666.
9798.
9822.
9862.
10090.
10340.
10585.
10876.
11113.
11347.

-1 0 .
57.
132.
24.
40.
228.
250.
245.
290.
237.
234.

982.
713.
570.
198.
18.
191.
362.
777.
1024.
1322.
1698.

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

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

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

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

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

128972.
130486.
131490.
1 34C 73.
135576.
1 3 6 6 3 7 .*
137627.
138006.
139026.
140496.
141438.

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




17

TABLE 223.1H
FEDERAL LAND BANKS
LOANS CLOSED AND NEN NONET LOANED
NEN NONET LOANED

LOANS CLOSED
BILLIONS |
OF
DOLLARS |
1

PERCENTAGE CHANGE
MONTH

YEAS.

|

AS PEBCEN1AGE OF

|LOANS OOT1 STANDING*

REPAY­
MENTS

PERCENTAGE CHANGE
FBON PBEVIOUS
DOLLARS |
1
.

MONTH

TEAR

|

AS PERCENTAGE OF

|LOANS OUT1 STANDING*

REPAY*
_ BENTS

1974-JAN....
-FEB....
-HAR---APR___
-BAY....
-JON....
-JOL---AOG....
-SEP....
-OCT....
-NOV___
-DEC....

333.
253.
344.
343.
361.
340.
372.
328.
308.
317.
304.
336.

38.1
-23.9
35.9
-0.3
5.2
-5.8
9.2
-11.8
-6.2
2.9
-3.9
10.6

12.7
5.8
5.8
21.5
23.9
30.3
69.9
15.8
41.6
17.4
25.1
39.5

3.0
2.3
3.1
3.0
3.1
2.9
3.1
2.6
2.4
2.5
2.3
2.5

259.
344.
462.
515.
626.
662.
653.
603.
712.
481.
462.
366.

286.
218.
293.
293.
305.
287.
314.
281.
260.
264.
260.
280.

36.1
-23.9
34.6
-0.0
4.4
-5.9
9.1
-10.3
-7.8
1.7
-1.5
7.6

15.8
11.0
9.0
26.3
27.7
34.0
71.5
21.4
40.7
16.1
26.3
33.1

2.6
2.0
2.6
2.6
2.6
2.4
2.6
2.3
2.0
2.0
2.0
2.1

223.
296.
393.
439.
529.
559.
551.
518.
601.
401.
394.
304.

1975-JAN___
-FEB....
-NAR....
-APR....
-BAY___
-JON....
-JOL---AOG---SEP---OCT....
-NOV---DEC---

398.
347.
439.
397.
379.
373.
331.
288.
311.
320.
262.
375.

18.3
-12.8
26.6
-9.7
-4.4
-1.7
-11.2
-12.9
7.7
2.9
-17.9
42. 9

19.4
37.0
27.6
15.6
4.9
9.4
-10.9
-12.0
1.0
1.0
-13.8
11.4

3.0
2.5
3.2
2.8
2.6
2.5
2.2
1.9
2.0
2.1
1.7
2.4

295.
542.
644.
622.
602.
615.
520.
542.
491.
456.
327.
277.

334.
288.
368.
326.
315.
306.
270.
241.
249.
264.
206.
312.

19.6
-14.0
27.8
-11.4
-3.3
-2.8
-11.7
-10.8
3.2
6.1
-22.0
51.6

16.9
32.2
25.6
11.3
3.1
6.5
-13.9
-14.4
-4.2
0.0
-20.8
11.6

2.5
2.1
2.6
2-3
2.2
2.1
1.8
1.6
1.6
1.7
1.3
2.0

248.
449.
539.
511.
500.
505.
424.
453.
393.
377.
256.
230.

1976-JAN___
-FEB....
-BAR....
-APR---BAY....
-JUN---JOL---AOG---SEP___
-OCT....
-NOV___
-DEC....

393.
347.
528.
436.
364.
405.
367.
321.
323.
314.
351.
438.

4.8
-11.7
52.1
-17.3
-16.7
11.4
-9.4
-12.6
0.8
-3.0
11.8
24.8

-1.3
-0.1
20.1
10.0
-4.1
8.7
10.9
11.2
4.1
-1.9
33.7
16.7

2.5
2.1
3.2
2.6
2.1
2.4
2.1
1.8
1.8
1.7
1.9
2.4

264.
337.
478.
432.
449.
503.
466.
442.
407.
382.
330.
309.

325.
283.
441.
347.
294.
324.
298.
256.
255.
248.
279.
345.

4.2
-13. 1
56.0
-21.2
-15.3
10.2
-8.0
-14. 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

2.0
1.7
2.7
2.1
1.7
1.9
1.7
1.5
1.4
1.4
1.5
1.9

218.
275.
399.
344.
363.
402.
379.
353.
322.
301.
263.
244.

1977-JAN___
-FEB---BAR....
-APR___
-BAY---JON___
-JOL....
-AOG....
-SEP---OC1---NOV....
-DEC....

464.
429.
679.
521.
518.
506.
492.
403.
360.
359.
419.
449.

6.0
-7.4
58. 1
-23.2
-0.6
-2.4
-2.7
-18.2
-5. 7
-5.6
16.8
7.2

18.0
23.8
28.7
19.4
42.5
24.9
34.1
25.6
17.5
14.4
19.5
2.6

2.5
2.3
3.6
2.7
2.6
2.5
2.4
2.0
1.8
1.7
2.0
2.1

223.
367.
475.
476.
458.
404.
374.
435.
516.
389.
340.
304.

376.
346.
552.
404.
405.
399.
382.
310.
289.
275.
324.
356.

8.9
-8.0
59.4
-26.8
0.3
-1.6
-4.2
-18.9
-6.6
-4.8
17.7
9.7

15.7
22.5
25.2
16.3
37.6
23.0
28.1
21.0
13.3
11.2
16.3
3.0

2.0
1.9
2.9
2.1
2.1
2.0
1.9
1.5
1.4
1.3
1.5
1.7

181.
296.
386.
368.
358.
318.
291.
33 5.
393.
299.
263.
241.

1978-JAN....
-FEB---BAR....
-APR---BAY---JON....
-JOL---AOG---SEP___
-OCT....
-NOV....
-DEC....

503.
433.
619.
492.
571.
560.
462.
481 .
455.
486.
470.
483.

12.0
-13.9
42.9
-20.5
16.0
-1.9
-17.5
4. 1
-5.4
6.8
-3.2
2.7

8.4
0.8
-6.8
-5.6
10.1
10.6
-6.2
19.3
19.8
35.5
12.3
7.6

2.3
2.0
2.8
2.2
2.5
2.5
2.0
2.1
1.9
2.0
1.9
2.0

247.
360.
406.
381 .
447.
473.
453.
474.
524.
430.
380.
271.

409.
344.
491.
376.
454.
442.
366.
385.
348.
385.
374.
386.

15.0
-16.0
42.8
-23.4
20.7
-2.5
-17.3
5.1
-9.5
10.7
-3.0
3.2

8.8
-0.7
-11.1
-6.9
12.0
10.9
-4.3
24. 1
20.3
39.9
15.2
8.4

1.9
1.6
2.2
1.7
2.0
1.9
1.6
1.6
1.5
1.6
1.5
1.6

201.
286.
322.
291.
356.
374.
359.
379.
401.
341.
302.
216.

1979-JAN___
-FEB....
-MAR.__
-APR....
-BAY....
-JON---JUL....
-AOG....
-SEP....
-OCT....
-NOV....
-DEC....

734.
531.
799.
733.
790.
748.
657.
692.
525.
691 .
685.
807.

52.0
-27.7
50.5
-8.2
7.8
-5.4
-12.0
5.2
-24.2
31.7
-0.9
17.8

46.1
22.6
29.1
49.0
38.5
33.5
42.3
43.9
15.3
42.2
45.6
67.0

3.0
2.1
3.2
2.8
3.0
2.8
2.4
2.5
1.9
2.4
2.4
2.8

338.
432.
507.
535.
604.
640.
535.
640.
616.
604.
517.
461.

602.
428.
651.
580.
618.
597.
520.
554.
412.
543.
532.
642.

56.2
-29.0
52.1
-10.8
6.4
-3.4
-12.9
6.5
-25.6
31.8
-2.0
20.6

47.2
24.4
32.6
54.4
36.2
34.9
42. 1
44.0
18.4
40.9
42.5
66.5

2.4
1.7
2.6
2.2
2.3
2.2
1.9
2.0
1.5
1.9
1.8
2.2

277.
348.
413.
423.
472.
511.
423.
512.
485.
475.
402.
366.

1980-JAN....
-FEB....
-MAR....
-APR....
-MAY....
-JON....
-JOL___
-AOG....
-SEP....
-OCT---NOV....
-DEC....

970.
856.
1074.
1129.
1010.
803.
73o.
522.
568.
629.
544.
777.

20.3
-11.8
25. 4
5.1
-10. 5
-20.5
-8.3
-29.1
6.8
10.7
-13.5
42.8

32.1
61.4
34.4
54.0
27.8
7.4
12.0
-24.5
8.3
-9.0
-20.6
-3.7

3.3
2.8
3.5
3.6
3.1
2.4
2.2
1.5
1.6
1.8
1.5
2.2

404.
658.
764.
993.
1041.
799.
632.
620.
531.
528.
467.
456.

782.
702.
904.
935.
827.
627.
603.
423.
453.
502.
435.
648.

21.9
-10.2
28.8
3.4
-11.6
-24.1
-3.9
-29.8
7.0
10.9
-13.3
48.9

29.9
64.2
38.9
61.1
33.8
5.1
16.0
-23.6
9.9
-7.5
-18.2
1.0

2.6
2.3
2.9
3.0
2.5
1.9
1.8
1.2
1.3
1.4
1.2
1.8

326.
539.
643.
822.
852.
624.
518.
502.
424.
422.
374.
381.

1981-JAN___
-FEB___
-BAR....
-APR....
-BAY....
-JON....
-JOL---AOG---SEP....
-OCT....
-NOV....

961.
913.
1206.
1152.
1050.
1032.
986.
768.
858.
866.
778.

23.7
-5.0
32. 1
-4.4
-8.9
-1.8
-4.4
-22. 1
11.8
0.9
-10.1

-1.0
6.6
12.3
2.1
4. 0
28.4
33.9
47.0
51.1
37.7
43.1

2.7
2.5
3.2
3.0
2.7
2.6
2.4
1.9
2.1
2. 1
1.8

416.
726.
819.
820.
875.
930.
667.
970.
961.
866.
697.

793.
719.
989.
929.
869.
824.
803.
626.
676.
699.
622.

22.4
-9.3
37.5
-6.0
-6.5
-5.2
-2.5
-22.0
7.9
3.5
-11.1

1.4
2.5
9.4
-0.6
5.1
31.3
33.2
47.9
49.2
39.2
42.8

2.2
2.0
2.7
2.4
2.2
2. 1
2.0
1.5
1.6
1.7
1.5

343.
572.
671.
661.
724.
742.
706.
791.
756.
700.
556.

* LOANS OUTSTANDING AT END OF PRECEDING NONTH.




18
TABLE 223.2M
FEDERAL LAND BANKS
LOANS CLOSED AND NEH HONEY LOANED
SEASONALLY-ADJUSTED ANNUAL RATE
1
1
.
| MILLIONS |
OF
|
1
1 DOLLARS 1
1
1
3581.
1974-JAN.... |
3255.
-FEB--- |
-HAR___ 1
3250.
-APR....I
3673.
-MAY--- |
3915.
-JUN....|
3946.
-JUL....I
4684.
-AUG--- J
4424.
4316.
-SEP--- |
4376.
-OCI....J
-NOV....|
1 140.
-DEC....|
4185.
1
1975-JAN....|
4314.
-FEB....J
4473.
4112.
-MAR--- |
4269.
-APR.... |
-MAY....|
4083.
4255.
-JUN....|
4119.
-JUL.... 1
-AUG....1
3933.
4383.
-SEP.... 1
-OCT....|
4469.
-NOV--- |
3614.
-DEC--- J
4620.
MONTH

LOANS CLOSED
PERCENT AGE CHANGE
FROM PREVIOUS
MONTH

OAR

19.2
-9.1
-0.2
13.0
6.6
0.8
18.7
-5.5
-2.4
1.4
-5.4
1.1

12.8
6.4
5.3
22.3
23.2
29.2
66.3
17.0
42.4
18.6
25.6
39.3

3.1
3.7
-8.1
3.8
-4.3
4.2
-3.2
-4.5
11.4
2.0
-19.1
27.8

20.5
37.4
26.5
16.2
4.3
7.8
-12.1
-11.1
1.5
2.1
-12.7 *
10.4

NEN MONEY LOANED

)
AS PERCENTAGE OF
J
| LOANS OUT­
REPAY­
MENTS
L STANDING*.

MILLIONS |
OF
|
DOLLARS |

PERCENTAGE CHANGE
FROM PREVIOUS

t
AS PERCENTAGE OF
1
| LOANS OUTREPAY­
1 s t a n d i n g *. MENTS

MONTH

YEAR

33.
29.
29.
32.
33.
33.
35.
36.
34.
34.
32.
31.

446.
355.
406.
489.
572.
499.
451.
428.
488.
440.
544.
520.

2990.
2776.
2735.
3126.
3300.
3347.
4024.
3890.
3659.
3678.
3515.
3469.

14.0
-7.2
-1.5
14.3
5.6
1.4
20.2
-3.3
-5.9
0.5
-4.4
-1.3

16.9
12.0
9.3
28.4
27.7
32.6
67.6
20.9
41.8
17.3
26.1
32.3

27.
25.
24.
27.
28.
28.
33.
31.
29.
29.
27.
26.

372.
303.
342.
416.
482.
423.
387.
376.
414.
370.
462.
431.

32.
33.
29.
30.
28.
29.
28.
26.
29.
25.
23.
29.

563.
549.
542.
549.
521.
459.
402.
437.
411.
455.
457.
360.

3539.
3676.
3422.
3521.
3392.
3505.
3408.
3323.
3547.
3727.
2818.
3840.

2.0
3.9
-6.9
2.9
-3.7
3.3
-2.8
-2.5
6.8
5.1
-24.4
36.3

18.4
32.4
25.1
12.6
2.8
4.7
-15.3
-14.6
-3.1
1.3
-19.8
10.7

26.
27.
24.
25.
24.
24.
23.
22.
23.
24.
18.
24.

462.
451.
451.
453.
433.
378.
332.
369.
333.
379.
356.
299.

1976-JAN....|
-FEB....|
-MAR.... 1
-APR--- |
-MAY....|
-JUN....|
-JUL....|
-AUG....|
-SEP....|
-OCT....J
-NOV--- J
-DEC--- 1

4325.
4474.
4878.
4703.
3898.
4549.
4548.
4411.
4616.
4420.
4870.
5360.

-6.4
3.5
9.0
-3.6
-17.1
16.7
-0.0
-3.0
4.7
-4.3
10.2
10.0

0.2
0.0
18.6
10.2
-4.5
6.9
10.4
12.2
5.3
-1.1
34.8
16.0

27.
27.
30.
28.
23.
27.
26.
25.
26.
25.
27.
29.

474.
353.
380.
365.
360.
391.
399.
393.
373.
426.
416.
402.

3489.
3611.
4055.
3780.
3161.
3642.
3723.
3521.
3728.
3525.
3871.
4230.

-9.1
3.5
12.3
-6.8
-16.4
15.2
2.2
-5.4
5.9
-5.4
9.8
9.3

-1.4
-1.8
18.5
7.3
-6.8
3.9
9.2
6.0
5.1
-5.4
37.4
10.2

22.
22.
25.
23.
19.
21.
22.
20.
21.
20.
21.
23.

383.
285.
316.
294.
292.
313.
326.
314.
301.
339.
331.
317.

1977-JAM.•..|
-FEB.... 1
-MAE.... |
-APR....|
-MAY....|
-JUN....|
-JUL....|
-AUG--- |
-SEP....|
-OCT....1
-BOV....|
-DEC.... |
1
1978-JAN....|
-FEB--- |
-MAR....|
-APB.... 1
-HAY--- |
-JON....|
-JUL....I
-AUG--- J
-SEP....|
-OCT--- J
-NOV....J
-DEC....I

5156.
5540.
6227.
5637.
5478.
5648.
6137.
5521.
5485.
5070.
5913.
5446.

-3.8
7.5
12.4
-9.5
-2.8
3.1
8.7
-10.0
-0.6
-7.6
16.6
-7.9

19.2
23.8
27.7
19.9
40.5
24.1
35.0
25.2
18.8
14.7
21.4
1.6

28.
29.
33.
29.
28.
28.
31.
27.
27.
24.
28.
26.

335.
375.
404.
389.
401.
329.
358.
414.
467.
441.
420.
399.

4083.
4414.
5023.
4419.
4286.
4452.
4765.
4228.
4306.
3938.
4598.
4331.

-3.5
13.8
-12.0
-3.0
3.9
7.0
-11.3
1.9
-8.6
16.8
-5.8

17.0
22.3
23.9
16.9
35.6
22.2
28.0
20.1
15.6
11.7
18.8
2.4

22.
23.
26.
23.
22.
22.
24.
21.
21.
19.
22.
20.

265.
299.
326.
305.
314.
260.
278.
317.
367.
343.
327.
318.

5603.
5577.
5672.
5336.
5945.
6250.
5794.
o534.
6654.
6833.
6702.
5838.

2.9
-0.5
1.7
-5.9
11.4
5.1
-7.3
12.8
1.8
2.7
-1.9
-12.9

8.7
0.7
-8.9
-5.3
8.5
10.7
-5.6
18.3
21.3
34.8
13.3
7.2

26.
26.
26.
24.
26.
28.
25.
28.
28.
29.
28.
24.

343.
376.
260.
293.
393.
377.
460.
440.
453.
415.
437.
333.

4460.
4365.
4440.
4126.
4724.
4942.
4575.
5202.
5282.
5489.
5381.
4680.

3.0
-2.1
1.7
-7.1
14.5
4.6
-7.4
13.7
1.5
3.9
-2.0
-13.0

9.2
-1.1
-11.6
-6.6
10.2
11.0
-4.0
23.0
22.6
39.4
17.0
8.1

21.
20.
20.
19.
21.
22.
20.
22.
22.
23.
22.
19.

273,
294.
219.
227.
312.
298.
363.
350.
360.
333.
351.
267.

8151.
6830.
7376.
7991.
8107.
8381.
8301.
9303.
7739.
9630.
9899.
9710.

39.6
-16.2
8.0
8.3
1.5
3.4
-1.0
12.1
-16.8
24.4
2.8
-1.9

45.5
22.5
30.0
49.7
36.4
34.1
43.3
42.4
16.3
40.9
47.7
66.3

33.
27.
29.
31.
31.
31.
31.
34.
28.
34.
34.
33.

821.
422.
393.
412.
564.
482.
542.
573.
510.
503.
500.
584.

6538.
5419.
5898.
6405.
6325.
6713.
6533.
7403.
6328.
7680.
7802.
7773.

39.7
-17.1
8.8
8.6
-1.3
6.1
-2.7
t3.3
-14.5
21.4
1.6
-0.4

46.6
24.2
32.8
55.2
33.9
35.9
42.8
42.3
19.8
39.9
45.0
66.1

26.
21.
23.
25.
24.
25.
24.
27.
23.
27.
27.
26.

658.
335.
314.
330.
440.
386.
427.
456.
417.
401.
394.
468.

10721.
11012.
9979.
12345.
10280.
9006.
9363.
6979.
8402.
8703.
7925.
9354.

10.4
2.7
-9.4
23.7
-16.7
-12.4
4.0
-25. 5
20.4
3.6
-8.9
18.0

31.5
61.2
35.3
54.5
26.8
7.5
12.8
-25.0
8.6
-9.6
-19.9
-3.7

36.
36.
32.
39.
32.
27.
28.
21.
24.
25.
22.
26.

1244.
588.
783.
792.
1149.
523.
677.
723.
503.
511.
609.
630.

8449.
8881.
8215.
10355.
8389.
7064.
7637.
5617.
7000.
7046.
6438.
7861.

8.7
5.1
-7.5
26.0
-19.0
-15.8
8.1
-26.5
24.6
0.6
-8.6
22.1

29.2
63.9
39.3
61.7
32.6
5.2
16.9
-24.1
10.6
-8.3
-17.5
1.1

28.
29.
26.
33.
26.
21.
23.
17.
20.
20.
18.
22.

980.
474.
645.
664.
937.
411.
553.
582.
419.
414.
494.
529.

10590.
11735.
11241.
12623.
10646.
11568.
12583.
10225.
12713.
11936.
11385.

13.2
10.8
-4.2
12.3
-15.7
8.7
8.8
-18.7
24.3
-6.1
-4.6

-1.2
6.6
12.6
2.3
3.6
28.4
34.4
46.5
51.3
37.2
43.7

29.
32.
30.
33.
27.
25.
31.
25.
31.
28.
27.

1405.
641.
736.
594.
794.
606.
914.
1026.
646.
709.
768.

8545.
9092.
8998.
10310.
8782.
9277.
10213.
8278.
10476.
9771.
9233.

8.7
6.4
-1.0
14.6
-14.8
5.6
10.1
-19.0
26.6
-6.7
-5.5

1.1
2.4
9.5
-0.4
4.7
31.3
33.7
47.4
49.7
38.7
43.4

24.
25.
24.
27.
23.
24.
26.
20.
25.
23.
22.

1133.
497.
589.
485.
655.
486.
742.
830.
532.
580.
623.

1979-JAN....|
-FEB....|
-MAR....|
-APR....|
-MAY--- |
-JUN....1
-JUL--- |
-AUG.... 1
-SEP....|
-OCT--- 1
-NOV--- |
-DEC....|
I
19B0-JAN....|
-FEB....|
-MAR....J
-APR.... 1
-MAY....J
—JUN.... 1
-JUL.... |
-AUG....J
-SEP--- J
-OCT....|
-NOV--- |
-DEC--- 1
1981 -JAN--- |
-FEB.... |
-MAR....|
-APR--- l
-MAY--- |
-JUN.... |
-JUL....I
-AUG....|
-SEP--- |
-OCT--- |
-NOV--- |
______________L_

* SEASONALLY-ADJUSTED LOANS OUTSTANDING AT END OF PRECEDING MONTH.




e. 1

19

TABLE 223.3M

FEDERAL LAND BANKS
LOANS CLOSED AND NEW HONEY LOANED
TWELVE-MONTH MOVING TOTAL
LOANS CLOSED

YEAR
ENDING--

MILLIONS
Of
DOLLARS

NEW MONEY LOANED

CHANGE FROM
PREVIOUS YEAR
MILLIONS
OF
DOLLARS

| AS PERCENTAGE OF
|
CHANGE FROM
i AS PERCENTAGE OF
I
|—
| MILLIONS )
PREVIOUS YEAR
|
—
—
|
OF
I
|
_________ j
|
REPAY­ | DOLLARS | MILLIONS
|
REPAY­
I LOANS OUTI LOANS OUTPERCENT | STANDING*
MENTS
|
OF
PERCENT | STANDING*
|
MENTS
1
1 DOLLARS
I

1974-JAN....
-FEB___
-MAR---APR---MAY---JUN....
-JUL....
-AUG___
-SEP....
-OCT.. ..
-NOV....
-DEC___

3207.
3221.
3239.
3300.
3370.
3449.
3602.
3647.
3737.
3784.
3045.
3940.

838.
755.
643.
596.
559.
537.
636.
594.
664.
644.
679.
771.

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

32.
31.
31.
31.
31.
32.
32.
32.
33.
32.
32.
33.

398.
394.
393.
397.
406.
418.
434.
440.
451.
452.
468.
474.

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

2678.
2700.
2724.
2785.
2851.
2924.
3055.
3104.
3179.
3216.
3270.
3340.

766.
706.
620.
592.
570.
557.
634.
611.
658.
627.
654.
701.

40.0
35.4
29.5
27.0
25.0
23.5
26.2
24.5
26. 1
24.2
25.0
26.5

26.
26.
26.
26.
27.
27.
28.
28.
28.
28.
28.
28.

333.
330.
330.
335.
344.
354.
368.
375.
384.
384.
398.
402.

1975-JAN___
-FEB....
-MAR---APR....
-MAY....
-JUN---JUL....
-AUG---SEP---OCT---NOV---DEC___

4005.
4099.
4193.
4247.
4265.
4297.
4256.
4217.
4220.
4223.
4181 .
4219.

798.
878.
954.
947.
895.
848.
654.
570.
483.
439.
336.
279.

24. 9
27.3
29.5
28.7
26.6
24.6
18.2
15.6
12.9
11.6
8.7
7.1

33.
33.
33.
33.
32.
32.
31.
30.
30.
30.
29.
29.

479.
496.
511.
519.
518.
516.
507.
503.
492.
490.
477.
459.

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

3388.
3458.
3533.
3566.
3576.
3594.
3551.
3510.
3499.
3499.
3445.
3478.

710.
759.
809.
781.
724.
670.
496.
406.
320.
283.
175.
138.

26.5
28.1
29.7
28.1
25.4
22.9
16.2
13.1
10.1
8.8
5.4
4.1

28.
28.
28.
28.
27.
27.
26.
25.
25.
24.
24.
24.

405.
418.
430.
436.
434.
432.
423.
419.
408.
406.
393.
378.

1976-JAN---FEB---MAR---APR....
-MAY___
-JUN___
-JUL....
-AUG....
-SEP....
-OCT....
-NOV....
-DEC---

4214.
4214.
4302.
4342.
4327.
4359.
4395.
4428.
4440.
4434.
4523.
4585.

210.
116.
109.
95.
62.
62.
139.
211.
220.
211.
341.
366.

5.2
2.8
2.6
2.2
1.5
1.4
3.3
5.0
5.2
5.0
8.2
8.7

28.
28.
28.
28.
27.
27.
27.
27.
27.
26.
27.
27.

451.
433.
424.
412.
404.
400.
398.
394.
389.
385.
384.
387.

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

3468.
3463.
3536.
3558.
3537.
3556.
3584.
3599.
3605.
3589.
3662.
3696.

80.
5.
3.
-8.
-38.
-39.
33.
88.
106.
90.
217.
218.

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.
23.
23.
23.
22.
22.
22.
22.
22.
21.
22.
21.

371.
356.
348.
338.
330.
326.
324.
320.
316.
311.
311.
312.

1977-JAN....
-FEB....
-MAR....
-APR....
-MAY.. ..
-JUN....
-JUL....
-AUG---SEP....
-OCT---NOV---DEC---

4656.
4739.
4890.
4975.
5130.
5231.
5356.
5438.
5494.
5539.
5608.
5619.

442.
525.
588.
633.
803.
871.
960.
1010.
1054.
1105.
1085.
1034.

10.5
12.4
13.7
14.6
18.6
20.0
21.9
22.8
23.7
24.9
24.0
22.5

27.
27.
27.
28.
28.
28.
29.
29.
29.
28.
28.
28.

374.
377.
379.
383.
385.
380.
375.
375.
381.
381.
381.
381.

|
|
|
|
|
|
|
i
|
|
|
|

3747.
3810.
3921.
3978.
4089.
4163.
4247.
4301.
4335.
4362.
4408.
4418.

278.
347.
385.
420.
551.
608.
664.
702.
729.
773.
746.
723.

8.0
10.0
10.9
11.8
15.6
17. 1
18.5
19.5
20.2
21.5
20.4
19.6

21.
22.
22.
22.
22.
22.
23.
23.
23.
22.
22.
22.

301.
303.
304.
306.
307.
303.
297.
297.
300.
300.
300.
299.

1978-JAN___
-FEB....
-MAR---APR---MAY....
-JUN....
-JUL.. ..
-AUG---SEP---OCT___
-NOV___
-DEC....

5658.
5662.
5602.
5572.
5625.
5678.
5648.
5726.
5801.
5928.
5980.
6014.

1002.
923.
711.
597.
495.
448.
292.
288.
307.
389.
372.
395.

21.5
19.5
14.5
12.0
9.7
8.6
5.5
5.3
5.6
7.0
6.6
7.0

28.
28.
27.
27.
27.
27.
26.
26.
26.
26.
26.
26.

384.
384.
377.
370.
370.
376.
381.
384.
386.
389.
392.
386.

|
|
|
|
|
|
|
|
|
|
J
J

4452.
4449.
4388.
4360.
4408.
4452.
4436.
4510.
4569.
4679.
4728.
4758.

705.
639.
466.
382.
320.
289.
189.
210.
234.
317.
320.
340.

18.8
16.8
11.9
9.6
7.8
6.9
4.4
4.9
5.4
7.3
7.3
7.7

22.
22.
21.
21.
21.
21.
20.
21.
21.
21.
21.
21.

302.
302.
296.
290.
290.
295.
299.
303.
304.
307.
310.
306.

1979-JAN---FEB---MAR---APR....
-MAY....
-JUN....
-JUL....
-AUG---SEP....
-OCT....
-NOV---DEC. . .
.

6246.
6343.
6523.
6764.
6984.
7171.
7367.
7578.
7648.
7853.
8067.
8391.

588.
682.
922.
1192.
1359.
1493.
1719.
1852.
18471924.
2088.
2377.

10.4
12.0
16.5
21.4
24.2
26.3
30.4
32.3
31.8
32.5
34.9
39.5

27.
27.
27.
28.
29.
29.
29.
30.
30.
30.
30.
31.

398.
403.
413.
426.
439.
452.
458.
469.
474.
486.
497.
516.

|
|
|
)
|
|
|
|
i
|
|
)

4951.
5035.
5195.
5400.
5564.
5719.
5872.
6042.
6106.
6263.
6422.
6678.

500.
586.
808.
1040.
1156.
1267.
1437.
1531.
1536.
1584.
1693.
1920.

11.2
13.2
18.4
23.9
26.2
28.4
32.4
33.9
33.6
3j .9
35.8
40.4

21.
21.
22.
22.
23.
23.
23.
24.
24.
24.
24.
25.

315.
320.
329.
340.
350.
360.
365.
374.
378.
388.
39 5.
412.

1980-JAN---FEB....
-MAR---APR---MAY....
-JUN....
-JUL....
-AUG---SEP....
-OCT___
-NOV....
-DEC....

8627.
8953.
9228.
9624.
9844.
9899.
9978.
9809.
9852.
9790.
9649.
9619.

2382.
2610.
2705.
2860.
2860.
2728.
2611.
2231.
220**.
1937.
1582.
1228.

38.1
41.1
41.5
42.3
41.0
38.0
35.4
29.4
28.8
24.7
19.6
14.6

32.
32.
33.
33.
34.
33.
33.
32.
31.
31.
30.
29.

525.
542.
565.
598.
624.
635.
642.
641.
635.
629.
626.
626.

|
|
|
|
J
|
|
J
|
|
J
|

6858.
7133.
7386.
7741.
7950.
7980.
8063.
7933.
7974.
7933.
7836.
7842.

1907.
2097.
2190.
2341.
2386.
2262.
2191.
1891.
1868.
1670.
1414.
1164.

38.5
41.6
42.2
43.3
42.9
39.5
37.3
31.3
30.6
26.7
22.0
17.4

25.
26.
26.
27.
27.
27.
27.
26.
25.
25.
24.
24.

417.
432.
452.
481.
504.
512.
519.
519.
514.
510.
509.
511.

1981-JAN___
-FEB.. ..
-MAR---APR---MAY....
-JUN....
-JUL....
-AUG---SEP---OCT....
-NOV....

9610.
9666.
9798.
9822.
9862.
10090.
10340.
10585.
10876.
11113.
11347.

982.
713.
570.
198.
18.
191.
362.
777.
1024.
1322.
1698.

11.4
8.0
6.2
2.1
0.2
1.9
3.6
7.9
10.4
13.5
17.6

29.
28.
28.
28.
28.
28.
28.
28.
29.
29.
29.

629.
635.
641.
631.
625.
635.
652.
669.
695.
719.
737.

|
|
|
|
|
|
|
|
|
i
|

7853.
7870.
7955.
7950.
7992.
8188.
8389.
8591.
8814.
9011.
9198.

995.
738.
569.
209.
43.
208.
325.
658.
840.
10781361.

14.5
10.3
7.7
2.7
0.5
2.6
4.0
8.3
10.5
13.6
17.4

23.
23.
23.
23.
22.
23.
23.
23.
23.
23.
24.

514.
517.
520.
511.
506.
515.
529.
543.
564.
583.
597.

* AVERAGE LOANS OUTSTANDING DURING THE PRECEDING TWELVE MONTHS (AVERAGE OF END-OF-MONIH DATA)




20
TABLE 224.IE
FEDERAL LAND BANKS
REFINANCING AND REPAYMENTS

REPAYMENTS

REFINANCING OF FEDERAL LAND BANK LOANS
1
| MILLIONS |
OF
|
i
1 DOLLARS |
»
1
1974-JAN..•.|
47.
-FEB.... |
36.
-MAR....|
52.
51.
-APR.... |
-MAY....|
56.
-JUM....|
53.
58.
-JUL___ 1
46.
-AUG--- |
48.
-SEP....|
-OCT....|
53.
-NOV....|
44.
-DEC....|
57.
MONTH

PERCENTAGE CHANGE
FROM PREVIOUS

AS PERCENTAGE OF

1

| LOANS OUT| STANDING*
1

LOANS
CLOSED

REPAYMENTS
AND
REFINANCING

MONTH

YEAR

51.6
-24.0
43.8
-2.0
10.4
-5.2
9.5
-20.3
3.8
9.8
-15.8
28.1

-3.0
-17.4
-9.5
-0.4
6.4
13.6
61.6
-9.6
46.8
24.2
18.4
82.5

0.4
0.3
0.5
0.4
0.5
0.4
0.5
0.4
0.4
0.4
0.3
0.4

14.
14.
15.
15.
15.
16.
16.
14.
16.
17.
15.
17.

27.
33.
41.
43.
49.
51.
50.
46.
53.
44.
40.
38.

1
MILLIONS |
OF
|
DOLLARS |

PERCENTAGE CHANGE
FROM PREVIOUS

1
AS
| PERCENTAGE
|
OF
| LOANS OUT1 STANDING*

MONTH

YEAR

128.
74.
75.
67.
58.
51.
57.
54.
43.
66.
66.
92.

53.6
-42.7
1.3
-10.6
-13.5
-10.9
10.7
-4.5
-20.5
52.2
0.2
39.4

20.2
21.3
9.2
11.0
-3.0
-8.1
10.8
-3.3
-2.1
17.5
-18.8
9.8

1.2
0.7
0.7
0.6
0.5
0.4
0.5
0.4
0.3
0.5
0.5
0.7

1975-JAN....1
-FEB....|
-MAR....1
-APR___ |
-MAY....J
-JUN....I
-JUL___ |
-AUG___ J
-SEP___ J
-OCT___ |
- NOV....|
-DEC.••.i
1
1976-JAN....|
-FEB....I
-MAR....|
-APR....J
-MAY....J
-JUN....|
-JUL....|
-AUG....]
-SEP....|
-OCT....|
-NOV....J
-DEC....|

64.
60.
72.
71.
64.
67.
61.
47.
62.
56.
56.
63.

11.7
-6.3
20.4
-0.7
-9.6
3.5
-8.7
-22.0
30.9
-10.2
1.4
11.3

34.5
65.8
38.7
40.5
15.0
25.6
4.8
2.5
29.2
5.7
27.2
10.5

0.5
0.4
0.5
0.5
0.4
0.5
0.4
0.3
0.4
0.4
0.4
0.4

16.
17.
16.
18.
17.
18.
18.
16.
20.
17.
22.
17.

32.
48.
51.
53.
51.
52.
49.
47.
49.
44.
41.
32.

135.
64.
68.
64.
63.
61.
64.
53.
63.
70.
80.
135.

46.6
-52.5
6.5
-6.4
-1.2
-3.7
5.1
-16.4
18.9
10.7
14.6
68.6

4.9
-13.0
-8.6
-4.4
9.1
17.9
11.9
-2. 1
46.4
6.6
21.8
47.4

1.0
0.5
0.5
0.4
0.4
0.4
0.4
0.4
0.4
0.5
0.5
0.9

68.
64.
87.
89.
69.
81.
69.
65.
68.
t>6.
72.
92.

8.0
-5.2
35.2
2.5
-22.1
16.5
-14.9
-6.1
5.0
-2.7
8.8
28.3

6.9
8.0
21.3
25.3
8.0
21.5
13.3
36.4
9.5
18.5
27.2
46.6

0.4
0.4
0.5
0.5
0.4
0.5
0.4
0.4
0.4
0.4
0.4
0.5

17.
19.
16.
20.
19.
20.
19.
20.
21.
21.
20.
21.

31.
38.
44.
47.
46.
50.
47.
47.
46.
45.
40.
39.

149.
103.
110.
101.
81.
81.
79.
73.
79.
82.
106.
142.

10.0
-31.0
7.4
-8.5
-19.8
-0.5
-2.2
-7.9
9.3
3.5
29.2
33.3

10.6
60.6
61.9
58.3
28.6
32.9
23.7
36.4
25.4
17.2
32.2
4.5

0.9
0.6
0.7
0.6
0.5
0.5
0.5
0.4
0.4
0.5
0.6
0.8

1977-JAN....|
-FEB....|
-MAR--- J
-APR___ |
-MAY....|
-JON....I
-JUL--- |
-AUG.... |
-SEP.... |
-OCT....|
-NOV....|
-DEC....|

88.
83.
127.
117.
113.
107.
110.
93.
90.
83.
95.
93.

-4.9
-4.9
52.6
-7.6
-3.5
-5.3
2.6
-15.4
-2.8
-8.0
13.7
-1.5

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

0.5
0.4
0.7
0.6
0.6
0.5
0.5
0.5
0.4
0.4
0.4
0.4

19.
19.
19.
23.
22.
21.
22.
23.
24.
23.
23.
21.

30.
42.
47.
52.
50.
46.
46.
50.
55.
47.
43.
39.

208.
117.
143.
110.
113.
125.
132.
93.
74.
92.
123.
148.

46.7
-43.6
22.1
-23.3
3.3
10.6
5.0
-29.6
-20.5
25.3
33.6
20.0

39.3
13.8
29.5
8.6
39.9
55.6
67.0
27.6
-7.3
12.1
15.9
4.4

1.1
0.6
0.8
0.6
0.6
0.6
0.7
0.5
0.4
0.4
0.6
0.7

1978-JAH...•]
-FEB___ |
-MAR....|
-APR....|
-MAY--- 1
-JUN....J
-JUL....J
-AUG.... |
-SEP....|
-OCT.... |
-NOV....|
-DEC....|

93.
89.
128.
116.
117.
117.
96.
96.
107.
101.
97.
98.

0.3
-4.4
43.6
-9.4
0.8
0.2
-18.2
0. 1
11.3
-6.0
-4.0
1.0

6.6
7.2
0.9
-1.0
3.5
9.4
-12.7
3.3
18.2
20.8
2.1
4.7

0.4
0.4
0.6
0.5
0.5
0.5
0.4
0.4
0.5
0.4
0.4
0.4

19.
21.
21.
24.
21.
21.
21.
20.
24.
21.
21.
20.

31.
43.
46.
47.
48.
50.
49.
49.
55.
47.
44.
35.

203.
120.
152.
129.
128.
118.
102.
102.
87.
113.
124.
178.

37.7
-40.9
26.7
-15.2
-1.3
-7.2
-13.9
-0.4
-14.4
30.2
9.6
43.9

-2.0
2.7
6.6
17.9
12.6
-5.6
-22.5
9.7
18.1
22.7
0.6
20.7

0.9
0.6
0.7
0.6
0.6
0.5
0.4
0.4
0.4
0.5
0.5
0.7

1979-JAN....|
-FEB....|
-MAR.4..|
-APR....1
-MAY....|
-JUN....|
-JUL....|
-AUG....|
-SEP....|
-OCT....|
-NOV....|
-DEC....|

132.
103.
148.
153.
173.
151.
138.
138.
113.
148.
152.
165.

35.5
-22.1
43.8
3.1
13.0
-12.7
-8.5
0.3
-18.5
31.1
3.1
8.3

41.4
15.3
15.5
31.4
47.2
26.3
43.5
43.7
5.3
47.0
57.8
69.2

0.5
0.4
0.6
0.6
0.7
0.6
0.5
0.5
0.4
0.5
0.5
0.6

18.
19.
19.
21.
22.
20.
21.
20.
21.
21.
22.
20.

38.
46.
48.
53.
57.
56.
53.
56.
57.
56.
53.
49.

217.
123.
158.
137.
131.
117.
123.
108.
85.
114.
133.
175.

21.9
-43.4
28.3
-13.1
-4.6
-10.7
5.3.
-12.1
-21.5
.34.8
15.9
32.2

6.9
2.3
3.6
6. 1
2.5
-1.3
20.7
6.5
-2.3
1.1
7.0
-1.7

0.9
0.5
0.6
0.5
0.5
0.4
0.5
0.4
0.3
0.4
0.5
0.6

1980-JAN....1
-FEB....|
-MAR....|
-APR--- |
-HAY....|
-JUN....|
-JUL....I
-AUG....|
-SEP___ J
-OCT....|
-NOV....|
-DEC....|

188.
154.
170.
194.
184.
176.
133.
99.
115.
127.
109.
129.

14.1
-18.1
10.0
14.1
-5.3
-4.3
-24.0
-25.8
16.2
9.9
-14.2
18.5

42.5
49.9
14.6
26.9
6.4
16.7
-3.1
-28.3
2.2
-14.3
-28.7
-22.0

0.6
0.5
0.6
0.6
0.6
0.5
0.4
0.3
0.3
0.4
0.3
0.4

19.
18.
16.
17.
18.
22.
18.
19.
20.
20.
20.
17.

44.
54.
55.
63.
65.
64.
53.
54.
52.
52.
48.
43.

240.
130.
141.
114.
97.
100.
116.
84.
107.
119.
116.
170.

37.0
-45.7
8.0
-19.2
-14.7
3.6
15.9
-27.6
26.8
11.5
-2.2
46.2

10.4
5.9
-10.8
-17.1
-25.8
-14.0
-5.3
-22.0
26.0
4.2
-12.1
-2.8

0.8
0.4
0.5
0.4
0.3
0.3
0.3
0.2
0.3
0.3
0.3
0.5

1981-JAN....|
-FEB....|
— MAR....|
-APR....|
-MAY....|
-JUN....|
-JUL..
-AUG--- i
t SEP....|
-OCT....|
-NOV....|

168.
194.
217.
223.
181.
208.
183.
142.
183.
166.
157.

30.4
15.4
11.9
2.8
-18.7
14.9
-12.1
-22.6
29.0
-9.0
-5.7

-10.9
25.6
27.7
15.0
-1.3
18.4
37.0
43.0
58.7
31.4
44.4

0.5
0.5
0.6
0.6
0.5
0.5
0.5
0.3
0.4
0.4
0.4

17.
21.
18.
19.
17.
20.
19.
18.
21.
19.
20.

42.
61.
60.
61.
60.
65.
62.
64.
67.
62.
58.

231.
126.
147.
141.
120.
111.
114.
79.
89.
100.
112.

35.7
-45.6
17.2
-4.5
-14.7
-7.5
2.5
-30.4
12.9
11.9
11.8

-3.7
-3.5
4.7
23.7
23.7
10.4
-2.3
-6. 1
-16.4
-16. 1
-4.1

0.6
0.3
0.4
0.4
0.3
0.3
0.3
0.2
0.2
0.2
0.3

J--------------------------------------------------- L
* LOANS OUTSTANDING AT END OF PRECEDING MONTH.
"REFINANCING OF FEDERAL LAND BANK LOANS" IS COMPUTED AS LOANS CLOSED LESS NEH MONEY LOANED.
"REPAYMENTS" ARE COMPUTED AS NEi MONEY LOANED LESS THE CHANGE IN LOANS OUTSTANDING.




21

TABLE 224.2M
FEDERAL LAUD BANKS
REFINANCING AND REPAYMENTS
SEASONALLY-ADJUSTED ANNUAL RATE
REFINANCING OF FEDERAL LAND BANK LOANS
1
MILLIONS |
OF
1
DOLLARS |

MONTH

PERCENTAGE CHANGE
FROM PREVIOUS
MONTH

YEAR

1 LOANS OUT| STANDING*

LOANS
CLOSED

IS 74-JAN---FEB___
-MAR....
-APR---MAY---JON---JUL....
-AUG---SEP---OCT---NO?___
-DEC---

592.
480.
516.
547.
615.
598.
660.
534.
657.
698.
625.
716.

55.5
-18.9
7.5
6.1
12.4
-2.7
10.2
-19.0
23.0
6.3
-10.5
14.5

-4.0
-17.5
-11.7
-3.9
3.6
13.1
58.8
-5.2
45.8
25.5
22.9
88.2

5.4
4.3
4.6
4.8
5.3
5.0
5.4
4.3
5.2
5.4
4.6
5.4

17.
15.
16.
15.
16.
15.
14.
12.
15.
16.
15.
17.

1975-JAN---FEB....
-MAR---APR....
-MAY---JUN....
-JUL---AUG---SEP....
-OCT
-NOV..
-DEC....

775.
797.
690.
748.
691.
750.
712.
610.
836.
742.
795.
780.

8.3
2.8
-13.5
8.4
-7.6
8.5
-5.2
-14.2
37.0
-11.3
7.2
-1.9

31.0
66.2
33.8
36.7
12.4
25.4
7.9
14.3
27.3
6.3
27.2
9.0

5.7
5.8
4.9
5.3
4.8
5. 1
4.8
4. 1
5.5
4.8
5. 1
4. 9

18.
18.
17.
18.
17.
18.
17.
16.
19.
17.
22.
17.

1976-JAN---FEB
-MAR....
-APR---MAY....
-JUN..
-JUL---AUG
-SEP
-OCT
-NOV
-DEC___

836.
864.
823.
924.
737.
907.
825.
891.
889.
895.
999.
1130.

7.2
3.3
-4.7
12.2
-20.2
23. 1
-9.1
7.9
-0.2
0.7
11.7
13. 1

7.8
8.3
19.3
23.5
6.6
20.9
15.9
45.9
6.3
20.6
25.6
44.9

5. 2
5.3
5.0
5.5
4.4
5.3
4. 8
5.1
5.0
5.0
5.5
6.2

19.
19.
17.
20.
19.
20.
18.
20.
19.
20.
21.
21.

1072.
1125.
1204.
1218.
1192.
1196.
1372.
1293.
1178.
1132.
1315.
1115.

-5.1
5.0
7.0
1.1
-2.1
0.3
14.8
-5.8
-8.9
-3.9
16. 1
-15.2

28.3
30.3
46.3
31.8
61.7
31.8
66.4
45.2
32.5
26.5
31.6
-1.3

5.8
6.0
6.3
6.3
6.1
6.0
6.8
6.4
5.7
5.4
6.2
5.2

21.
20.
19.
22.
22.
21.
22.
23.
21.
22.
22.
20.

1143.
1212.
1233.
1210.
1221.
1308.
1220.
1332.
1372.
1343.
1321.
1157.

2.5
6.1
1.7
-1.8
0.9
7.1
-6.8
9.2
3.0
-2.1
-1.7
-12. 4

6.5
7.7
2.4
-0.6
2.4
9.4
-11.1
3.0
16.5
18.6
0.4
3.8

5.3
5.6
5.6
5.4
5.4
5.8
5.3
5.7
5.8
5.6
5.5
4.7

20.
22.
22.
23.
21.
21.
21.
20.
21.
20.
20.
20.

-JUL....
-AUG..
-SEP..
-OC1
-NOV
-DEC..

1613.
1412.
1478.
1585.
1782.
1668.
1768.
1900.
1411.
1950.
209b.
1936.

39.4
-12.5
4.7
7.3
12.4
-6. 4
6.0
7.5
-25.7
38.2
7.5
-7.6

41.1
16.4
19.9
31.0
45.9
27.5
44.9
42.6
2.9
45.1
58.7
67.3

6.5
5.6
5.8
6. 1
6.8
6.3
6.5
6.9
5.0
6.9
7.3
6.6

20.
21.
20.
20.
22.
20.
21.
20.
18.
20.
21.
20.

-DEC---

2272.
2131.
1764.
1990.
1891.
1941.
1725.
1362.
1401.
1657.
1487.
1493.

17.4
-6.2
-17.2
12.8
-5.0
2.6
-11.1
-21.1
2.9
18.2
-10.2
0.4

40.9
51.0
19.4
25.6
6.2
16.4
-2.4
-28.3
-0.7
-15.0
-29.1
-22.9

7.6
7.0
5.7
6.3
5.8
5.9
5.2
4.0
4.1
4.8
4.2
4.2

21.
19.
18.
16.
18.
22.
18.
20.
17.
19.
19.
16.

2046.
2643.
2243.
2313.
18o5.
2290.
2369.
1947.
2237.
2165.
2153.

37.0
29.2
-15. 1
3. 1
-19. 4
22.8
3.4
-17.8
14.9
-3.2
-0.6

-10.0
24.0
27.1
16.2
-1.4
16.0
37.3
43.0
59.6
30.7
44.7

5.6
7.2
6.0
6. 1
4.8
5.8
5.9
4.8
5.4
5.1
5.0

19.
23.
20.
18.
18.
20.
19.
19.
18.
18.
19.

--..
---

..
---------

--...
------..
--..
...
----1978-JAN ---FEB---MAR.. ..
-APR ---MAY ---JUN ---JUL ---AUG....
-SEP ---OCT ---NOV ---DEC --1979-JAN---FEB.. ..
-MAR. ...
-APR ---MAY ---JUN ---

1977-JAN
-FEB.
-MAR
-APR---MAY
-JUN
-JUL..
-AUG
-SEP..
-OCT.
-NOV
-DEC

..
..
----..
1980-JAN---FEB ---MAR ---APR ---MAY ---JON ---JUL ---AUG---SEP....
-OCT ---NOV--1981-JAN---FEB....
-MAR---APR---HAY---JUN....
-JUL....
-AUG---SEP....
-OCT....
-NOV---

|
1 MILLIONS
OF
REPAYMENTS |
AND
| DOLLARS
REFINANCING!
1
42.
803.
1
34.
916.
1
39.
801.
1
42.
751.
1
47.
685.
1
43.
790.
1
39.
1039.
1
34.
1034.
1
43.
884.
1
41.
995.
1
45.
761.
1
47.
805.
1
1
50.
766.
1
•4 9.
815.
1
48.
759.
1
49.
778.
1
47.
783.
1
45.
926.
1
41.
1025.
1
40.
900.
1
44.
1066.
1
43.
982.
l
50.
791.
1
38.
1282.
1
1
48.
912.
1
41.
12671
39.
1284.
1
1287.
42.
1
40.
1083.
1
44.
1163.
1
1141.
42.
1
44.
1121.
1
42.
1238.
1
46.
1039.
1
46.
1170.
J
46.
1333.
1
1
41.
1539.
1
43.
1476.
1
44.
1540.
1
46.
1449.
1
47.
1366.
1
41.
1715.
1
44.
1712.
1
1335.
49.
1
1174.
50.
1
50.
1149.
1
48.
1408.
1
45.
1364.
1
1
41.
1633.
1
45.
1485.
1
38.
2025.
1
40.
1820.
1
45.
1514.
1
44.
1656.
1
49.
1260.
1
47.
1485.
1
48.
1469.
1
45.
1648.
1
46.
1534.
1
40.
1751.
1
1
62.
993.
1
47.
1618.
1
44.
1878.
1
45.
1939.
1
55.
1437.
1
49.
1739.
1
54.
1531.
1
54.
1625.
1
48.
1518.
J
50.
1916.
1
51.
1981.
1
54.
1663.
1
1
73.
362.
1
53.
1873.
1
1274.
58.
1
56.
1560.
1
68.
895.
l
53.
1721.
1
56.
1382.
1
59.
966.
1
46.
1669.
1
49.
1702.
1
53.
1302.
1
50.
1485.
1
1
754.
73.
1
59.
1831.
1
59.
1527.
1
52.
2127.
1
1341.
58.
1
55.
1910.
1
63.
1376.
1
66.
997.
1
1968.
53.
1
56.
1685.
1
59.
1483.
1
_1.

* SEASONALLY-ADJUSTED LOANS OUTSTANDING AT END OF PRECEDING MONTH.
"REFINANCING OF FEDERAL LAND BANK LOANS" IS COMPUTED AS LOANS CLOSED LESS NEH MONEY LOANED.
"REPAYMENTS" ARE COMPUTED AS NEH MONEY LOANED LESS THE CHANGE IN LOANS OUTSTANDING.




REPAYMENTS

1

AS PERCENTAGE OF

1

1
|
J
|
1

PERCENTAGE CHANGE
FROM PREVIOUS

1
AS
| PERCENTAGE
|
OF
J LOANS OUT1 STANDING*

MONTH

YEAR

7.6
14. 1
-12.6
-6.2
-8.8
15.4
31.4
-0.4
-14.6
12.6
-23.5
5.7

24.7
19. 1
33.6
11.4
-8.4
-5.9
17.6
2.9
14.5
15.8
-19.3
7.8

7.3
8.2
7.1
6.5
5.9
6.6
8.6
8.4
7.0
7.7
5.8
6.1

-4.8
6.4
-6.9
2.5
0.7
18.3
10.7
-12.3
18.5
-7.8
-19.4
62.0

-4.6
-11.0
-5.2
3.6
14.4
17.2
-1.3
-13.0
20.6
-1.2
4.0
59.4

5.7
5.9
5.4
5.5
5.4
6.3
6.9
6.0
7.0
6.3
5.0
8.1

-28.9
38.9
1.4
0.2
-15.8
7.3
-1.8
-1.8
10.4
-16.1
12.6
14.0

19.0
55.4
69.2
65.4
38.3
25.5
11.3
24.6
16. 1
5.7
47.8
3.9

5.7
7.8
7.8
7.7
6.4
6.8
6.6
6.4
7.0
5.8
6.4
7.3

15.4
-4. 1
4.3
-5.9
-5.7
25.5
-0.2
-22.1
-12.0
-2.1
22.5
-3.1

68.8
16.5
19.9
12.6
26.2
47.5
50.0
19. 1
-5. 1
10.6
20.4
2.3

8.3
7.8
8.1
7.5
7.0
8.6
8.5
6.6
5.7
5.5
6.7
6.4

19.7
-9.1
36.4
-10.1
-16.8
9.4
-23.9
17.8
-1.1
12.2
-6.9
14. 1

6. 1
0.6
31.5
25.6
10.8
-3.4
-26.4
11.2
25.1
43.5
9.0
28.4

7.6
6.8
9.2
8.2
6.7
7.3
5.5
6-4
6.2
6.9
6.3
7.1

-43.3
62.9
16.1
3.2
-25.9
21.0
-11.9
6.1
-6.6
26.2
3.4
-16.1

-39.2
8.9
-7.3
6.5
-5.1
5.0
21.5
9.4
3.4
16.2
29.2
-5.0

4.0
6.4
7.3
7.5
5.5
6.5
5.7
5.9
5.4
6.8
6.9
5.7

-48.2
117.3
-32.0
22.4
-42.6
92.2
-19.7
-30.1
72.8
2.0
-23.5
14.0

-13.2
15.8
-32.2
-19.6
-37.7
-1.0
-9.7
-40.6
9.9
-11.2
-34.3
-10.7

2.9
6.1
4.1
4.9
2.8
5.2
4. 1
2.8
4.9
4.9
3.7
4.2

-49.2
142.9
-16.6
39.3
-37.0
42.5
-27.9
-27.6
97.4
-14.4
-12.0

-12.5
-2.3
15.8
36.4
49.8
11.0
-0.4
3.2
17.9
-1.0
13.9

2. 1
5.0
4. 1
5.6
3.5
4.8
3.4
2.4
4.8
4.0
3.5

TABLE 22*.3M

FEDERAL LADD BANKS
REFINANCING AND REPAYMENTS
TWELVE*MONTH MOVING TOTAL

1
1
.
1
YEAR
| MILLIONS
ENDING—
|
OF
1 DOLLARS
1
1
1
1974-JAN....|
529.
-FEB....|
521.
-MAR--- 1
516.
-APR....|
515.
-MAY--- |
519.
-JUN....J
525.
-JUL....|
547.
-AUG....)
542.
-SEP....|
558.
-OCT....)
568.
-NOV....|
575.
-DEC....|
600.

REFINANCING OF FEDERAL LAND BANK LOANS

REPAYMENTS

CHANGE FROM
PREVIOUS YEAR
...... . . _
...

MILLIONS
OF
.DOLLARS

|
|
CHANGE FROM
I
I
AS PERCENTAGE OF
)
) MILLIONS j
|
PREVIOUS YEAR
1
I
OF
|
1
LOANS
REPAYMENTS | DOLLARS | MILLIONS
|
1 LOANS OUT­
PERCENT | STANDING*
CLOSED
AND
PERCENT
|
OF
I
I
REFINANCING;
1
i
j L_ DOLLARS
_

|
|
AS
| PERCENTAGE
|
|
OF
i
|
1 LOANS OUT| STANDING*
|
JL

72.
49.
23.
4.
-11.
-20.
2.
-17.
6.
17.
25.
70.

15.8
10.4
4.7
0.9
-2.0
-3.7
0.3
-3.1
1.1
3.2
4.6
13.3

5.2
5. 1
4.9
4.9
4.8
4.8
4.9
4.8
4.9
4.9
4.8
5.0

16.
16.
16.
16.
15.
15.
15.
15.
15.
15.
15.
15.

40.
39.
38.
38.
38.
39.
40.
40.
40.
40.
41.
42.

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

805.
818.
825.
831.
829.
825.
830.
829.
828.
838.
822.
830.

154.
154.
150.
139.
124.
110.
102.
89.
83.
87.
55.
47.

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
Lo
7.9
7.8
7.7
7.6
7.5
7.3
7.2
7.2
6.9
6.9

1975-JAN___ |
-FEB....|
-MAR....|
-APR--- 1
-MAY....|
-JUN....|
-JUL....|
-AUG.. ..|
-SEP....|
-OC1....J
-NOV.. ..|
-DEC....)

617.
640.
660.
681.
689.
703.
706.
707.
721.
724.
736.
742.

88.
119.
145.
166.
171.
178.
158.
164.
163.
156.
161.
141.

16.7
22.9
28.1
32.1
32.9
33.9
28.9
30.3
29.3
27.5
28.0
23.5

5.0
5.1
5.2
5.3
5.2
5.2
5.2
5.1
5.1
5.1
5.1
5.0

15.
16.
16.
16.
16.
16.
17.
17.
17.
17.
18.
18.

42.
44.
45.
45.
46.
46.
46.
46.
46.
46.
46.
45.

|
I
)
|
)
|
|
|
|
)
|
|

837.
827.
821.
818.
823.
832.
839.
838.
858.
862.
877.
920.

31.
9.
-4.
-13.
-6.
7.
9.
9.
30.
25.
54.
90.

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

1976-JAN....|
-FEB....|
-MAR....|
-APR....|
-HAY....|
-JUN___ |
-JUL....1
-AUG....|
-SEP--- 1
-OCT....|
-NOV....)
-DEC--- |

746.
751.
766.
784.
789.
804.
812.
829.
835.
845.
860.
890.

129.
111.
106.
103.
100.
101.
106.
122.
114.
121.
125.
148.

21.0
17.3
16.0
15.2
14.5
14.3
15.0
17.3
15.8
16.8
16.9
19.9

5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.1
5.0
5.0
5.1
5.2

18.
18.
18.
18.
18.
18.
18.
19.
19.
19.
19.
IS.

44.
44.
43.
43.
42.
42.
42.
42.
42.
42.
42.
43.

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

934.
973.
1015.
1053.
1071.
1091.
1106.
1125.
1141.
1153.
1179.
1185.

98.
146.
195.
235.
248.
258.
267.
287.
283.
291.
302.
265.

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
6.9
6.9

1977-JAN....|
-FEB....|
-MAR....J
-APR....|
-MAY....)
-JUN--- |
-JUL....)
-AUG....|
-SEP....)
-OCT.. ..)
-NOV....)
-DEC....)

909.
928.
969.
997.
1041.
1067.
1109.
1137.
1160.
1177.
1200.
1201.

163.
177.
202.
213.
252.
264.
297.
308.
325.
332.
339.
311.

21.9
23.6
26.4
27.1
31.9
32.8
36.6
37.2
38.9
39.3
39.4
35.0

5.2
5.3
5.4
5.5
5.7
5.8
5.9
6.0
6.0
6.0
6.1
6.0

20.
20.
20.
20.
20.
20.
21.
21.
21.
21.
21.
21.

42.
42.
43.
43.
44.
44.
44.
44.
45.
45.
45.
45.

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

1244.
1258.
1291.
1299.
1331.
1376.
1429.
1449.
1443.
1453.
1470.
1476.

309.
285.
275.
246.
261.
286.
323.
324.
302.
300.
291.
291.

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

1978-JAH--- )
-FEB--- |
-MAR....|
-APR....|
-MAY.... |
-JUN....|
-JUL....)
-AUG....|
-SEP....)
-OCT....)
-NOV....|
-DEC....|

1207.
1213.
1214.
1212.
1216.
1226.
1212.
1215.
1232.
1249.
1251.
1256.

297.
284.
245.
215.
175.
159.
104.
78.
72.
72.
51.
55.

32.7
30.6
25.3
21.6
16.9
14.9
9.4
6.9
6.2
6.1
4.3
4.6

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.
21.
22.
22.
22.
22.
21.
21.
21.
21.
21.
21.

45.
45.
45.
45.
44.
45.
45.
45.
45.
45.
45.
45.

1
|
|
|
)
)
)
)
|
|
)
J

1472.
1475.
1485.
1504.
1519.
1512.
1482.
1491.
1504.
1525.
1526.
1557.

228.
217.
194.
205.
187.
135.
53.
42.
61.
72.
56.
80.

18.4
17.3
15.0
15.8
14.1
9.8
3.7
2.9
4.2
5.0
3.8
5.4

t.3
7.2
7.2
7.2
7.2
7.1
6.6
6.8
6.8
6.8
6.7
6.8

1979-JAN--- )
-FEB....)
-MAR___ |
-APR....|
-HAY....|
-JUN....)
-JUL.... |
-AUG....)
-SEP....)
-OCT....|
-NOV....|
-DEC....|

1294.
1308.
1328.
1364.
1420.
1453.
1495.
1537.
1542.
1590.
1645.
1713.

88.
95.
114.
152.
203.
226.
282.
321.
310.
340.
394.
457.

7.3
7.9
9.4
12.5
16.7
18.5
23.3
26.4
25.2
27.2
31.5
36.4

5.6
5.6
5.6
5 .7
*
5.8
5.9
6.0
6.0
6.0
6.1
6.2
6.4

21.
21.
20.
20.
20.
20.
20.
20.
20.
20.
20.
20.

45.
45.
46.
46.
47.
48.
48.
49.
49.
50.
50.
51.

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

1570.
1573.
1579.
1587.
1590.
1588.
-1609.
1616.
1614.
1615.
1624.
1621.

98.
98.
94.
82.
71.
77.
127.
125.
110.
90.
98.
64.

6.7
6.6
6.3
5.5
4.7
5.1
8.6
8.4
7.3
5.9
6.4
4.1

6.8
6.7
6.6
6.6
6.5
6.4
6.4
6.4
6.3
6.2
6.1
6.0

1980-JAN....|
-FEB....)
-MAR....)
-APR....|
-MAY....|
-JUN....)
-JUL--- |
-AUG....)
-SEP....|
-oca....|
-NOV....I
-DEC--- J

1769.
1820.
1842.
1883.
1894.
1919.
1915.
1876.
1878.
1857.
1813.
1777.

475.
512.
514.
519.
474.
466.
420.
339.
336.
268.
168.
64.

36.7
39.2
38.7
38.0
33.4
32.1
28.1
22.1
21.8
16.8
10.2
3.7

6.5
6.5
6.5
6.5
6.5
6.4
6.3
6.1
6.0
5.8
5.6
5.4

21.
20.
20.
20.
19.
19.
19.
19.
19.
19.
19.
18.

52.
52.
53.
54.
55.
55.
55.
55.
55.
54.
54.
54.

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

1643.
1651.
1634.
1610.
1576.
1560.
1554.
1530.
1552.
1557.
1541.
1536.

73.
77.
55.
24.
-13.
-28.
-56.
-86.
-62.
-59.
-83.
-85.

4.6
4.9
3.5
1.5
-0.8
-1.8
-3.5
-5.3
-3.8
-3.6
-5.1
-5.3

6.0
5.9
5.8
5.6
5.4
5.2
5.1
5.0
4.9
4.9
4.7
4.7

1981-JAN....j
-FEB....1
-MAR....)
-APR--- |
-MAY....)
-JUN....|
-JUL....)
-AUG....)
-SEP--- )
-OCI....I
-NOV....)
______ L_

1756.
1796.
1843.
1872.
1870.
1902.
1951.
1994.
2062.
2101.
2149.

-13.
-25.
1.
-11.
-24.
-17.
37.
118.
183.
244.
336.

-0.7
-1.3
0.0
-0.6
-1.3
-0.9
1.9
6.3
9.8
13.1
18.5

5.2
5.3
5.3
5.3
5.2
5.3
5.3
5.3
5.4
5.5
5.5

18.
19.
19.
19.
19.
19.
19.
19.
19.
19.
19.

53.
54.
55.
55.
54.
54.
55.
56.
57.
58.
58.

J
)
)
J
)
I
)
|
)
)
|

1527.
1522.
1529.
1556.
1579.
1589.
1586.
1581.
1564.
1545.
1540.

-117.
-129.
-105.
-54.
2.
29.
33.
52.
12.
-12.
-1.

-7.1
-7.8
-6.4
-3.4
0. 1
1.9
2.1
3.4
0.8
-0.8
-0.0

4.6
4.5
4.4
4.4
4.4
4.4
4.3
4.2
4.1
4.0
3.9

* AVERAGE LOANS OUTSTANDING DURING THE PRECEDING TWELVE MONTHS (AVERAGE OF END-OF-MONTH DATA).
"REFINANCING OF FEDERAL LAND BANK LOANS" IS COMPUTED AS LOANS CLOSED LESS NEW MONEY LOANED.
"REPAYMENTS" ARE COMPUTED AS NEW MONEY LOANED LESS THE CHANGE IN LOANS OUTSTANDING.




23

TABLE

231.IH
LIFE INSURANCE COMPANIES
FARM MORTGAGES OUTSTANDING AND ACQUIRED
FARM MORTGAGES OUTSTANDING
MILLIONS OF DOLLARS
END OF
MONTH

|
|

| CHANGE FROM PREVIOUS
I
1
1
MONTH
_ IEAR

FARM MORTGAGES ACQUIRED

PERCENTAGE CHANGE
FROM PREVIOUS
MONTH

YEAR

|
MILL]CONS OF D OLLARS
'
|
“I c q u i r e d ”*
rCHANGl“ f r c T p r e v i o u s
IN
|
I
MONTH
I
MONTH
YEAR

J
I
1
1

PERCENTAGE CHANGE
FROM PREVIOUS
MONTH

YEAR

-30.
-1.
34.
36.
39.
54.
60.
34.
25.
33.
12.
35.

334.
339.
356.
381.
386.
391.
419.
394.
380.
373.
353.
331.

-0.5
-0.0
0.6
0.6
0.6
0.9
1.0
0.5
0.4
0.5
0.2
0.6

5.9
6.0
6.3
6.7
6.6
6.8
7.3
6.8
6.5
6.3
5.9
5.5

i
|
|
J
|
|
|
t
|
t
|
|

89.
64.
124.
92.
95.
97.
96.
73.
55.
72.
53.
97.

-32.
-25.
60.
-32.
3.
2.
-1.
-23.
-18.
17.
-19.
44.

26.
2.
26.
16.
14.
7.
13.
-14.
-22.
0.
-43.
-24.

-26.4
-26.1
93.8
-25.8
3.3
2.1
-1.0
-24.0
-24.7
30.9
-26.4
83.0

41.3
3.2
26.5
21.1
17.3
7.8
15.7
-16.1
-28.6
0.0
-44.8
-19.8

1S75-JAN--- j
-FEB....{
-MAR--- |
-APR....|
-MAY....|
-JUN....|
-JU1--- |
-AUG--- J
-SEP....|
-OCT. ...|
-NOV--- 1
-DEC--- |

6300.
6394.
6428.
6504.
6543.
6573.
6584.
66 06.
6631.
6661.
6679.
6753.

-27.
94.
34.
76.
39.
30.
11.
22.
25.
30.
18.
74.

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

5.6
7.2
7.2
7.8
7.7
7.3
6.4
6.2
6. 1
6. 1
6.2
6.7

|
|
|
|
J
1
|
J
|
|
i
i

80.
164.
119.
120.
75.
75.
55.
53.
62.
54.
65.
153.

-17.
84.
-45.
1.
-45.
0.
-20.
-2.
9.
-8.
11.
88.

-9.
100.
-5.
28.
-20.
-22.
-41.
-20.
7.
-18.
12.
56.

-17.5
105.0
-27.4
0.8
-37.5
0.0
-26.7
-3.6
17.0
-12.9
20.4
135.4

-10.1
156.2
-4.0
30.4
-21.1
-22.7
-42.7
-27.4
12.7
-25.0
22.6
57.7

1976-JAN....J
-FEB....|
-MAR--- J
-APR....|
-MAY--- |
-JUN....J
-JUL....|
-AUG--- i
-SEP--- J
-OCT___ |
-NOV___ J
-DEC....|

6731.
6769.
6815.
6876.
6946.
7005.
7072.
7127.
7184.
7219.
7291.
7425.

-22.
38.
46.
61.
70.
59.
67.
55.
57.
35.
72.
134.

431.
375.
387.
372.
403.
432.
488.
521.
553.
558.
612.
672.

-0.3
0.6
0. 7
0.9
1.0
0.8
1.0
0.8
0.8
0.5
1.0
1.8

6.8
5.9
6.0
5.7
6.2
6.6
7.4
7.9
8.3
8.4
9.2
10.0

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

100.
116.
136.
128.
125.
131.
138.
106.
123.
79.
116.
242.

-53.
16.
20.
-8.
-3.
6.
7.
-32.
17.
-44.
37.
126.

20.
-48.
17.
8.
50.
56.
83.
53.
61.
25.
51.

-34.6
16.0
17.2
-5.9
-2.3
4.8
5.3
-23.2
16.0
-35.8
46.8
108.6

25.0
-29.3
14.3
6.7
66.7
74.7
150.y
100.0
98.4
46.3
78.5
58.2

1977-JAN....|
-FEB___ |
-MAR--- |
-APR--- J
-MAY--- 1
-JUN....|
-JUI--- 1
-AUG--- J
-SEP....|
-OCT--- |
-NOV....|
-DEC....|

7434.
7510.
7640.
7814.
7924.
8139.
8235.
8330.
8475.
8570.
8649.
8842.

9.
76.
130.
174.
110.
215.
96.
95.
145.
95.
79.
193.

703.
741.
825.
938.
978.
1134.
1163.
1203.
1291.
1351.
1358.
1417.

0. 1
1.0
1.7
2.3
1.4
2.7
1.2
1.2
1.7
1.1
0.9
2.2

10.4
10.9
12.1
13.6
14 .1
16.2
16.4
16.9
18.0
18.7
18.6
19. 1

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

160.
156.
233.
256.
214.
278.
168.
188.
209.
144.
135.
319.

-82.
-4.
77.
23.
-42.
64.
-110.
20.
21.
-65.
-9.
184.

60.
40.
97.
128.
89.
147.
30.
82.
86.
65.
19.
77.

-33.9
-2.5
49.4
9.9
-16.4
29.9
-39.6
11.9
11.2
-31. 1
-6.3
136.3

60.0
34.5
71.3
100.0
71.2
112.2
21.7
77.4
69.9
82.3
16.4
31.8

1978-JAN ------ i
-FEB ------ |
-MAR___ J
-APR.. . . |
-MAY ------ J
-JUN___ |
-JUL___ |
-AUG--- l
-SEP--- |
-OCI....J
-NOV--- |
-DEC--- 1

8891.
9001.
9205.
9386.
9523.
9712.
9828.
9965.
10116.
10276.
10366.
10499.

49.
110.
204.
181.
137.
189.
116.
137.
151.
160.
90.
133.

1457.
1491.
1565.
1572.
1599.
1573.
1593.
1635.
1641.
1706.
1717.
1657.

0.6
1.2
2.3
2.0
1.5
2.0
1.2
1.4
1.5
1.6
0.9
1.3

19.6
19.9
20.5
20.1
20.2
19.3
19.3
19.6
19.4
19.9
19.9
16.7

|

|

200.
207.
285.
2 73.
251.
275.
207.
206.
227.
213.
148.
256.

-119.
7.
78.
-12.
-22.
24.
-68.
-1.
21.
-14.
-65.
108.

40.
51.
52.
17.
37.
-3.
39.
18.
18.
69.
13.
-63.

-37.3
3.5
37.7
-4.2
-8.1
5.6
-24.7
-0.5
10.2
-6.2
-30.5
73.0

25.0
32.7
22.3
6.6
17.3
-1.1
23.2
9-6
8.6
47.9
9.6
-19.7

1979-JAN___ |
-FEB.... |
-MAR ------ |
-APR--- |
-MAY--- |
-JUN....|
-JUL....|
-AUG--- |
-SEP--- |
-OCT--- |
-NOV....|
-DEC--- |

10515.
10682.
10927.
11089.
11260.
11480.
11571.
11726.
11864.
11996.
12104.
12180.

16.
167.
245.
162.
171.
220.
91.
155.
138.
132.
106.
76.

1624.
1681.
1722.
1703.
1737.
1768.
1743.
1761.
1748.
1720.
1738.
1681.

0.2
1.6
2.3
1.5
1.5
2.0
0.8
1.3
1.2
1.1
0.9
0.6

18.3
18.7
18.7
18.1
18.2
18.2
17.7
17.7
17.3
16.7
16.8
16.0

I
|
|
|
J
|
|
|
j
|
j
|

186.
263.
391.
239.
265.
374.
170.
206.
200.
226.
166.
193.

-70.
77.
128.
-152.
26.
109.
-204.
•36.
-6.
26.
-60.
27.

-14.
56.
106.
-34.
14.
99.
-37.
0.
-27.
13.
18.
-63.

-27.3
41.4
48.7
-38.9
10.9
41. 1
-54.5
21.2
-2.9
13.0
-26.5
16.3

-7.0
27.1
37.2
-12.5
5.6
36.0
-17.9
0.0
-11.9
6.1
12.2
-24.6

12213.
12299.
12433.
12546.
12656.
12743.
12752.
12783.
12818.
12869.
12902.
12958.

33.
86.
134.
113.
110.
67.
9.
31.
35.
51.
33.
56.

1698.
1617.
1506.
1457.
1396.
1263.
1181.
1057.
954.
873.
798.
778.

0.3
0.7
1.1
0.9
0.9
0.7
0.1
0.2
0.3
0.4
0.4

16. 1
15. 1
13.8
13. 1
12.4
11.0
10.2
9.0
8.0
7.3
6.6
6.4

|
|
|
J
|
J
|
|
|
|
i
|

219.
174.
221.
199.
174.
150.
59.
55.
76.
80.
90.
170.

26.
-45.
47.
-22.
-25.
-24.
-91.
-4.
21.
4.
10.
80.

33.
-89.
-170.
-40.
-91.
-224.
-111.
-151.
-124.
-146.
-76.
-23.

13.5
-20.5
27.0
-10.0
-12.6
-13.8
-60.7
-6.8
38.2
5.3
12.5
88.9

17.7
-33.8
-43.5
-16.7
-34.3
-59.9
-65.3
-73.3
-62.0
-64.6
-45.8
-11.9

12927.
12967.
12966.
12947.
13019.
13032.
13088.
13119.
13136.
13146.

-31.
40.
-1.
-19.
72.
13.
56.
31 .
17.
10.

714.
668.
533.
401.
363.
289.
336.
336.
318.
277.

-0.2
0.3
-0.0
-0. 1
0.6
0. 1
0.4
0.2
0. 1
0.1

5.8
5.4
4.3
3.2
2.9
2.3
2.6
2.6
2.5
2.2

|

125.
168.
108.
108.
116.
81.
145.
77.
84.
61.

-45.
43.
-60.
0.
8.
-35.
64.
-68.
7.
-23.

-94.
-6.
-113.
-91.
-58.
-69.
86.
22.
8.
-19.

-26.5
34.4
-35.7
0.0
7.4
-30.2
79.0
-46.9
9. 1
-27.4

-42.9
-3.4
-51.1
-45.7
-33.3
-46.0
145.8
40.0
10.5
-23.7

I

i
1980-JAN....|
-FEB....|
-MAR--- |
-APR....i
-MAY--- |
-JUN--- j
-JUL....|
-AUG--- |
-SEP--- 1
-OCT....J
-NOV___ i
-DEC--- |
i
1961-JAN.... |
-FEB....|
-MAR--- 1
-APR--- |
-MAY--- |
-JUN.... |
-JUL....|
-AUG--- |
-SEP....J
-OCT--- |

__ L




0 .5

|
|

|
|
1
|
|
|
|
J

|

|
J
|
|
1
|
J
|

as

5966.
5965.
5999.
6035.
6074.
6128.
6188.
6222.
6247.
6280.
6292.
6327.

0
0

1
1
1
MONTH
|
1
1
„
___
i
1
1974-JAN....|
-FEB....|
-MAR....|
-APR--- |
-MAY--- |
-JUN....|
-JUL....J
-AUG....|
-SEP....|
-OCT--- |
-NOV....|
-DEC....j

LIFE INSURANCE COMPANIES
FARM MORTGAGES OUTSTANDING AND ACQUIBED
SEASONALLY-ADJUSTED DATA

TABLE 231.2d

FARM MORTGAGES ACQUIRED

FARM MORTGAGES OUTSTANDING
|

MILLIONS OF DOLLARS

PERCENTAGE CHANGE
FROM PREVIOUS

MONTH
CHANGE FROM PREVIOUS

MILLIONS OF DOLLARS
ACQUIRED
I»
MONTH
MONTH
(SAAR)

| CHANGE FROM PREVIOUS
I
MONTH
YEAR
1
1

|
|
1

END OF
MONTH

1974-JAN...
-FEB...
-HAB...
-APR...
-MAY...
-JUN...
-JUL...
-AUG...
-SEP...
-OCT...
-NOV...
-DEC...

1
j
I
I
j
I
J
|
|
|
I
i

5991.
6008.
6033.
6052.
6083.
6119.
6171.
6197.
6225.
o259.
6286.
6298.

317.
207.
297.
240.
382.
443.
655.
325.
333.
423.
335.
149.

339.
344.
357.
377.
382.
386.
414.
393.
380.
374.
359.
333.

5.3
3.4
4.9
4.0
6.3
7.3
10.7
5.3
5.4
6.8
5.3
2.4

6.0
6.1
6.3
6.6
6.7
6.7
7.2
6.8
6.5
6.4
6.1
5.6

1153.
850.
1075.
966.
1079.
1065.
1266.
996.
842.
1208.
852.
809.

128.
-303.
225.
-109.
113.
-15.
202.
-270.
-154.
365.
-355.
-44.

1975-JAN...
-FEB...
-MAR...
-APR...
-MAY...
-JUN...
-JUL...
-AUG...
-SEP...
-OCT...
-NOV...
-DEC...

|
|
|
j
J
|
j
|
I
|
1
i

0332.
6444.
6463.
6516.
6547.
6557.
6561.
6582.
6608.
6641.
6679.
6728.

419.
1475.
229.
670.
386.
112.
49.
256.
321.
403.
477.
611.

341.
435.
430.
464.
464.
438.
390.
384.
383.
382.
393.
430.

6.7
23.3
3.6
10.4
5.9
1.7
0.7
3.9
4.9
6.1
7.2
9.1

5.7
7.2
7.1
7.7
7.6
7.2
6.3
6.2
6.2
6.1
6.3
6.8

1018.
2108.
1057.
1236.
863.
809.
732.
756.
912.
899.
1090.
1275.

1976-JAN...
-FEB...
-MAR...
-APR...
-MAY...
-JUN...
-JUL...
-AUG...
-SEP...
-OCT...
-NOV...
-DEC...

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

6772. •
6826.
6851.
6882.
6945.
6979.
7044.
7103.
7159.
7198.
7295.
7402.

549.
670.
308.
381.
801.
420.
821.
738.
699.
488.
1248.
1402.

440.
382.
388.
366.
398.
423.
484.
521.
551.
558.
616.
674.

8.2
9.9
4.5
5.6
11.6
6.0
11.8
10.5
9.8
6.8
17.3
19.2

6.9
5.9
6.0
5.6
6.1
6.4
7.4
7.9
8.3
8.4
9.2
10.0

1977-JAN...
-FEB...
-MAR...
-APR...
-MAY...
-JUN...
-JUL...
-AUG...
-SEP...
-OC1...
-NOV...
-DEC...

|
|
|
|
|
|
<
|
1
|
|
|

7486.
7576.
7678.
7816.
7920.
8101.
8202.
8304.
8448.
8547.
0656.
8824.

1064.
1160.
1322.
1825.
1338.
2471.
1299.
1317.
1892.
1277.
1405.
2233.

714.
751.
828.
934.
974.
1122.
1158.
1201.
1289.
1349.
1362.
1421.

14.4
15.5
17.5
23.8
17.1
31.2
16.0
16.1
22.8
15.1
16.4
25.8

1978-JAN...
-FEB...
-MAR...
-APR...
-MAY...
-JUN...
-JUL...
-AUG...
-SEP...
-OCT...
-NOV...
-DEC...

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

8954.
9080.
9247.
9383.
9516.
9658.
9789.
5933.
10079.
10243.
10363.
10471.

1703.
1635.
2220.
1769.
1722.
1852.
1696.
1879.
1896.
2150.
1544.
1361.

1469.
1504.
1569.
1567.
1596.
1557.
1587.
1629.
1631.
1695.
1707.
1647.

1979-JAN...
-FEB...
-MAR...
-APR...
-MAY...
-JUN...
-JUL...
-AUG...
-SEP...
-OCT...
-NOV...
-DEC...

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

10603.
10787.
10982.
11090.
11256.
11412.
11527.
11690.
11822.
11955.
12095.
12150.

1711.
2427.
2586.
1370.
2163.
2018.
1460.
2110.
1688.
1705.
1796.
669.

1980-JAN...
-FEB...
-MAR...
-APR...
-MAY...
-JUN...
-JUL...
-AUG...
-SEP...
-OCT...
-NOV.. .
-DEC...

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

12318.
12423.
12495.
12547.
12652.
12664.
12707.
12746.
12776.
12828.
12895.
12934.

1981-JAN...
-FEB...
-MAR...
-APR...
-MAY...
-JUN...
-JUL...
-AUG...
-SEP...
-OCT...

I
|
|
j
|
|
|
|
|
|

13037.
13097.
13029.
12952.
13018.
12951.
13045.
13083.
13095.
13104.




PERCENTAGE CHANGE
FROM PREVIOUS
MONTH

YEAR

331.
3.
237.
151.
172.
69.
177.
-133.
-378.
39.
-653.
-216.

12.5
-26.3
26.5
-10.1
11.7
-1.4
18.9
-21.4
-15.4
43.4
-29.4
-5.1

40.3
0.3
28.2
18.6
19.0
6.9
16.3
-11.8
-31.0
3.3
-43.4
-21.1

210.
1090.
-1052.
179.
-373.
-54.
-77.
24.
156.
-13.
191.
186.

-135.
1259.
-18.
270.
-217.
-256.
-534.
-240.
70.
-309.
237.
466.

25.9
107.1
-49.9
17.0
-30.2
-6.2
-9.5
3.2
20.6
-1.4
21.2
17.0

-11.7
148.2
-1.7
27.9
-20.1
-24.0
-42.2
-24.1
8.3
-25.6
27.8
57.7

1281.
1448.
1245.
1284.
1441.
1366.
1917.
1544.
1731.
1274.
2011.
2049.

6.
167.
-203.
39.
157.
-74.
550.
-372.
186.
-457.
737.
38.

263.
-660.
188.
48*
578.
557.
1185.
789.
819.
375.
922.
774.

0.5
13.1
-14.0
3. 1
12.2
-5.2
40.3
-19.4
12.1
-26.4
57.8
1.9

25.8
-31.3
17.8
3.9
67.0
68.9
161.8
104.3
89.8
41.8
84.6
60.7

10.5
11.0
12.1
13.6
14.0
16.1
16.4
16.9
18.0
18.7
18.7
19.2

2066.
1924.
2185.
2557.
2423.
2796.
2451.
2747.
2880.
2223.
2356.
2763.

16.
-141.
261.
372.
-134.
373.
-345.
295.
133.
-657.
133.
406.

785.
476.
940.
1273.
982.
1430.
535.
1202.
1149.
949.
345.
713.

0.8
-6.8
13.6
17.0
-5.3
15.4
-12.3
12.1
4.9
-22.8
6.0
17.2

61.2
32.9
75.5
99.2
68.2
104.7
27.9
77.8
66.4
74.5
17.2
34.8

19.3
18.3
24.5
19.1
18.3
19.5
17.6
19.2
19.1
21.3
15.1
13.1

19.6
19.9
20.4
20.1
20.2
19.2
19.4
19.6
19.3
19.8
19.7
18.7

2618.
2558.
2727.
2731.
2792.
2647.
3212.
2980.
3088.
3172.
2562.
2263.

-144.
-60.
169.
4.
60.
-145.
565.
-232.
108.
84.
-610.
-299.

553.
634.
542.
174.
369.
-149.
761.
234.
208.
949.
205.
-500.

-5.2
-2.3
6.6
0.2
2.2
-5.2
21.4
-7.2
3.6
2.7
-19.2
-11.7

26.8
32.9
24.8
6.8
15.2
-5.3
31.0
8.5
7.2
42.7
8.7
-18.1

1649.
1707.
1735.
1707.
1740.
1754.
1738.
1756.
1743.
1712.
1732.
1679.

16.3
22.9
24.0
12.5
19.5
17.9
12.8
18.3
14.4
14.4
15.0
5.5

18.4
18.8
18.8
18.2
18.3
18.2
17.8
17.7
17.3
16.7
16.7
16.0

2442.
3309.
3784.
2413.
2881.
3516.
2732.
2955.
2735.
3267.
2839.
1742.

179.
867.
475.
-1371.
468.
635.
-784.
223.
-220.
531.
-428.
-1097.

-176.
751.
1057.
-318.
89.
869.
-480.
-25.
-353.
95.
277-521.

7.9
35.5
14.4
-36.2
19.4
22.0
-22.3
8.2
-7.4
19.4
-13.1
-38.6

-6.7
29.3
38.8
-11.6
3.2
32.6
-15.0
-0.8
-11.4
3.0
10.8
-23.0

2178.
1318.
891.
643.
1326.
141.
526.
475.
367.
633.
826.
483.

1715.
1636.
1513.
1457.
1396*
1252.
1180.
1057.
955.
873.
799.
784.

17.9
10.7
7.2
5.1
10.6
1.1
4.2
3.7
2.9
5.0
6.4
3.7

16.2
15.2
13.8
13.1
12.4
11.0
10.2
9.0
8.1
7.3
6.6
6.5

2889.
2202.
2140.
2013.
1879.
1393.
968.
786.
1043.
1136.
1536.
1557.

1148.
-688.
-62.
-127.
-134.
-486.
-424.
-182.
257.
92.
400.
21.

447.
-1107.
-1644.
-400.
-1003.
-2123.
-1763.
-2169.
-1692.
-2131.
-1302.
-185.

65.9
-23.8
-2.8
-5.9
-6.7
-25.9
-30.5
-18.8
32.7
8.9
35.2
1.4

18.3
-33.5
-43.5
-16.6
-34.8
-60.4
-64.5
-73.4
-61.9
-65.2
-45.9
-10.6

1288.
742.
-796.
-891.
811.
-783.
1177.
461.
146.
111.

719.
675.
534.
405.
366.
287.
338.
337.
319.
277.

10.0
5.7
-6.1
-6.8
6.3
-6.0
9.1
3.5
1.1
0.8

5.8
5.4
4.3
3.2
2.9
2.3
2.7
2.6
2.5
2.2

1653.
2132.
1046.
1093.
1248.
748.
2406.
1099.
1156.
858.

96.
478.
-1086.
47.
155.
-500.
1658.
-1307.
57.
-297.

-1236.
-70.
-1094.
-920.
-631.
-645.
1437.
313.
112.
-277.

6.2
28.9
-50.9
4.5
14.1
-40. 1
221.8
-54.3
5.2
-25.7

-42.8
-3.2
-51.1
-45.7
-33.6
-46.3
148.4
39.8
10.7
-24.4

YEAR
1

(SAAR)

MONTH
(SAAR)

YEAR

IABLE 231.3S
LIFE INSURANCE COMPANIES
FAB« MORTGAGES ACQUIRED
1 HELVE"*MONTH MOVING TOTAL
1
1 MILLIONS
|
OF
| DOLLARS
1
1_
1
1974-JAN....|
1032.
1034.
—FEB....J
1060.
*
“HAfi* * • |
-APB....|
1076.
1090.
-MAY.•..|
-JON....|
1097.
-JUL.... 1
1110.
-AUG....)
1096.
1074.
-SEP....)
1074.
-OCT....|
-NOV....)
1031.
1007.
-DEC....)
)
1975-JAN....J
998-FEB....)
1098.
-MAB....J
1093.
-APB....)
1121.
1101.
••|
—JUN....|
1079.
1038.
-JUL.... 1
-AUG....|
1018.
-SEP....)
1025.
-OCT....)
1007.
-NOV....|
1019.
1075.
-DEC....)
1
1976-JAN....|
1095.
-FEB....|
1047.
1064.
-MAH....|
-APB....|
1072.
-MAY....)
1122.
-JON....)
1178.
1261.
—JUL****|
1314.
-AUG....)
1375.
-SEP....)
1400.
—OCT.... |
-NOV....)
1451.
-BBC....)
1540.
YEA*
ENDING—

1977-JAN___ |
-FEB....J
-MAR....J
-APB....]
-MAY....)
-JON....)
-JUL....J
-AUG.... |
-SEP....)
—CCT...•]
-NOV....J
-DEC....)
)
1976-JAN....)
-FEB___ |
-MAH....)
— APB. ... |
-HAY....I
-JUN....]
-JUL....)
-AUG....|
-SEP....)
-OCT....J
-NOV....J
-DEC--- |
1979-J A N . . . . |
-FEB....)
-MAR....)
-APE....|
-HAY....|
-JUN.... j
-JUL....)
-AUG....)
-SEP....|
-OCT....]
-NOV.... |
-DEC....|
1
19B0-JAN.... |
-FEB....)
— MAR. ... )
-APB....)
-MAY....)
-JUN....|
-JUL....J
-AUG....)
-SEP....)
-OCT....]
-NOV....)
-DEC....)
i
1981-JAN....|
-FEB....)
-MAN....)
-APB....)
-MAY....)
-JUN....)
-JUL....)
-AUG....|
-SEP....)
-OCT....)
____________ L

1
)
)
)
J
1

CHANGE FROM
PREVIOUS YEAR

|
)

AS PERCENTAGE OF
OOTSTANDING

MILLIONS
OF
DOLLARS

PERCENT

297.
281.
296.
292.
284.
265.
245.
205.
150.
123.
40.
1.

40.4
37.3
38.7
37.2
35.2
31.9
28.3
23.0
16.2
12.9
4.0
0.1

18.
18.
18.
18.
19.
1919.
18.
18.
18.
17.
16.

233.
230.
230.
228.
226.
220.
216.
208.
199.
195.
184.
177.

-34.
64.
33.
45.
11.
-18.
-72.
-78.
-49.
-67.
-12.
68.

-3.3
6.2
3.1
4.2
1.0
-1.6
-6. 5
-7.1
-4.6
-6.2
-1-2
6.8

16.
18.
18.
18.
18.
17.
16.
16.
16.
16.
16.
16.

173.
188.
188.
194.
194.
196.
196.
199.
208.
211.
219.
235.

97.
-51.
-29.
-49.
21.
99.
223.
296.
350.
393.
432.
465.

9.7
-4.6
-2.7
-4.4
1.9
9.2
21.5
29.1
34.1
39.0
42.4
43.3

17.
16.
16.
16.
17.
18.
19.
19.
20.
20.
21.
22.

244.
235.
240.
241.
249.
258.
271.
278.
287.
288.
293.
307.

1600.
1640.
1737.
1865.
1954.
2101.
2131.
2213.
2299.
2364.
23832460.

505.
593.
673793.
832.
923.
870.
899.
924.
964.
932.
920.

46.1
56.6
63.3
74.0
74.2
78.4
69.0
68.4
67.2
68.9
64.2
59.7

23.
2324.
26.
27.
28.
28.
29.
30.
30.
30.
31.

314.
316.
328.
345.
353.
368.
364.
368.
372.
371.
365.
368.

2500.
2551.
2603.
2620.
2657.
2654.
2693.
2711.
2729.
2798.
2811.
2748.

900.
911.
866.
755.
703.
553.
562.
498430.
434.
426.
288.

56.3
55.5
49.9
40.5
36.0
26.3
26.4
22.5
18.7
18.4
18.0
1 1.7

31.
31.
31.
31.
31.
30.
30.
30.
30.
30.
30.
29.

364.
364.
363.
356.
354.
349.
346.
342.
339.
343.
344.
333.

2734.
2790.
2896.
2862.
2876.
2975.
2938.
2938.
2911.
2924.
2942.
2879.

234.
239.
293.
242.
219.
321.
245.
227.
182.
126.
131.
131.

9.4
9.4
11.3
9.2
8.2
12.1
9.1
8.4
6.7
4.5
4.7
4.8

28.
28.
29.
28.
28.
29.
28.
27.
27.
27.
26.
25.

326.
327.
336.
331.
328.
333.
327.
324.
317.
316.
312.
301.

2912.
*023.
2653.
2613.
2522.
2298.
2187.
2036.
1912.
1766.
1690.
1667.

178.
33.
-243.
-249.
-354.
-677.
-751.
-902.
-999.
-1158.
-1252.
-1212-

6.5
1.2
-8.4
-8.7
-12.3
-22.8
-25.6
-30.7
-34.3
-39.6
-42.6
-42. 1

25.
24.
23.
22.
21.
19.
18.
17.
15.
14.
13.
13.

302.
295.
280.
281.
283.
272.
273.
268.
267.
259.
261.
271.

1573.
1567.
1454.
1363.
1305.
1236.
1322.
1344.
1352.
1333.

-1339.
-1256.
-1199.
-1250.
-1217.
-1062.
-865.
-692.
-560.
-4 33.

-46.0
-44.5
-45.2
-47.8
-48.3
-40.2
-39.6
-34.0
-29.3
-24.5

12.
12.
11.
11.
10.
10.
10.
10.
10.
10.

271.
284.
27b268.
258.
242.
257.
264.
271.
279.

) MORTGAGES*

COMMITMENTS*

* AVEBAGE AMOUNT OUTSTANDING DOBING THE PRECEDING TWELVE MONTH:




(AVERAGE OF END-OF-MON1H DATA).

TABLE 232.IN
Lit2 INSURANCE COMPANIES
FARM MORTGAGE COMMITMENTS— OUTSTANDING AND MEN
OUTSTANDING fABB HORTGAGE COMMITMENTS

1

4

NEH FARM MORTGAGE COMMITMENTS

l_
1

month

BILLIONS OF DOLLARS

j

i_
1
1

l
4
1974-JAK....|
•FEB....|
-MAE....|
*
“APB
-MAY.... 1
-JUN.... |
-JUL--- ]
-A0G....J
-SEP....|
-OCI....I
•NOT.... |
-DEC....4

END OF
MONTH

___

1975-JAM....|
-FEB....|
•HAfi....|
•AP&....I
•MAX....|
-JUN.... J
•JUL....|
-AUG...•|
-SEP....1
—OCT.... 1
-NOV....1
-OEC....I
I
197o—JAM..••|
-FEB....|
— MAE....|
— APR.. .. 4
-MAY....4
-JUN.... 4
-JUL....|
-AUG....4
-SEP....I
-OCT....4
-NOV. ... |
-DEC....4

4 CHANGE FSOB PREVIOUS!
|
.
I
month
-- YEAS . 4
1

PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
-2.4
15.5

IEAR

•
445.
514.
520.
535.
633.
640.
605.
631.
636.
617.
595.
570.

-1 1 .
69.
6.
15.
98.
7.
-35.
26.
5.
-19.
-2 2 .
-25.

98.
135.
126.
121.
204.
173.
149.
160.
152.
116.
89.
114.

496.
500.
466.
430.
413.
359.
399.
405.
438.
473.
506.
459.

-74.
4.
-34.
-36.
-17.
-14.
0 .
6.
33.
35.
33.
-47.

51.
-14.
-54.
-105.
-2 2 0 .
-241.
-206.
-226.
-198.
-144.
-89.
-1 1 1 .

-13.0

466.
477.
479.
501.
482.
490.
487.
494.
520.
582.
592.
553.

7.
11.
2 .
22.
-19.
8.
-3.
7.
26.
62.
10.
-39.

-30.
-23.
13.
71.
69.
91.
88.
89.
82.
109.
86.
94.

1.5
2.4
0.4
4.6
-3.8
1.7
-0 . 6
1.4
5.3
11.9
1.7
-6 . 6

-6 . 0
-4.6

567.
614.
603.
663.
680.
671.
673.
696.
745.
769.
782.
768.

14.
47.
-11.
60.
17.
-9.
2.
23.
49.
24.
13.
-14.

101.
137.
124.
162.
198.
181.
186.
202.
225.
187.
190.
215.

2.5
8.3
-1 . 8

21.7
28.7
25.9
32.3
41.1
36.9
38.2
40.9
43.3
32.1
32.1
38.9

742.
818.
827.
846.
800.
869.
856.
841.
862.
800.
882.
912.

-26.
76.
9.
19.
-46.
69.
-13.
-15.
21.
-62.
82.
30.

175.
204.
224.
163.
120.
198.
183.
145.
117.
31.
100.
144.

913.
943.
850.
983.
1010.
942.
937.
974.
948.
1018.
1052.
996.

.
30.
-93.
133.
27.
-6 8 .
-5.
37.
-26.
70.
34.
-56.

171.
125.
23.
137.
210.
73.
81.
133.
86.
218.
170.
84.

833.
809.
665.
525.
453.
415.
424.
468.
536.
601.
644.
587.

-163.
-24.
-144.
-140.
-72.
-36.
9.
44.
68.
65.
43.
-57.

-80.
-134.
-185.
-458.
-557.
-527.
-513.
-506.
-412.
-417.
-408.
— 40*.

-16.4
-2.9
-17.8
-2 1 . 1
-13.7
-8.4

502.

-85.
-38.
19.
-1 .
39.
-52.
-108.
-33.
-28.
-29.

-331.
-345.
-182.
-43.
68.
54.
-63.
-140.
-236.
-330.

-14.5
-7.6
4.1
-0 . 2

1 .2

2.9
18.3
1 .1

-5.5
4.3
0.8

-3.0
-3.6
-4.2
0 .8

-6 . 8
-7.7
-4.0
-3.4
0.0

1.5
8 .1
8 .0

7.0
-9.3

28.2
35.6
32.0
29.2
47.6
37.0
32.7
34.0
31.4
23.2
17.6
25.0
11.5
-2.7
-10.4
-19.6
-34.8
-37.7
-34.0
-35.8
-31.1
-23.3
-15.0
-19.5

2 .8

4
|
|
1

|
4

|
|
4

|
4
4

|
|
4
4

|
i
|
|
J
1
4
|
4
4

|
J
4
|

16.5
16.7

4

22.8
2 2 .1
2 2 .0

4

18.7
23.0
17.0
20.5

|
i
|
J
|
|
)

MILLIONS OF DOLLARS

4
|
HADE IN 4 CHANGE FROM PREVIOUSi
l
MONTH |
|
1
MONTH
YEAR
1

PBBCEMTACi£ CHANGE
FROM PIIEVIOUS
MONTH

YEAR
.

56.
144.
104.
117.
212.
90.
73.
88.
54.
45.
51.
34.

-5.
88.
-40.
13.
95.
-122.
-17.
15.
-34.
-9.
6.
-17.

-18.
55.
9.
25.
110.
-42.
-4.
-23.
-25.
-49.
-32.
-27.

-8 . 2
157.1
-27.8
12.5
81.2
-57.5
-18.9
20.5
-38.6
-16.7
13.3
-33.3

56.
113.
31.
46.
64.
54.
73.
69.
94.
105.
90.
94.

22.
57.
-32.
-35.
18.
-10.
19.
-4.
25.
11.
-15.
4.

0.
-31.
-23.
-71.
-148.
-36.
0.
-19.
40.
60.
39.
60.

-28.3
-43.2
39.1
-15.6
35.2
-5.5
36.2
11.7
-14.3
4.4

104.
109.
116.
134.
116.
114.
117.
84.
119.
131.
138.
184.

10.

5.
7.
18.
-18.
-2.
3.
-33.
35.
12.
7.
46.

4 9.
-4.
35.
88.
52.
60.
44.
15.
25.
26.
48.
90.

176.
198.
218.
245.
230.
199.
165.
136.
207.
197.
172.
243.

-8 .
22.
20.
27.
-15.
-31.
-34.
21.
21.
-10.
-25.
71.

203.
264.
271.
230.
216.
271.
175.
193.
184.
161.
208.
228.

64.7
1 01.8

10 .6

4.8
6.4
15.5
-13.4
-1.7

-24.3
61.8
9.5
27.2
107.8
-31.8
-5.2
-20.7
-31.6
-52.1
-38.6
-44.3
0 .0

-21.5
-2 2 . 1
-60-7
-69.8
-40.0
0 .0

-2 1 . 6
74.1
133.3
76.5
176.5
85.7
-3.5
43.2
191.3
81.3
1 11 .1

5.3
33.3

60.3
21-7
26.6
24.8
53.3
95.7

114.
85.
48.
102.
88.
6 b.
34.
59.

-4.3
12.5
10.1
12.4
-6 . 1
-13.5
-17.1
12.7
11.3
-4.8
-12.7
41.3

69.2
81.7
87.9
82.8
98.3
74.6
41.0
121.4
73.9
50.4
24.6
32.1

-40.
61.
7.
-41.
-14.
55.
-96.
18.
-9.
-23.
47.
20.

27.
66.
53.
-15.
-14.
72.
10.
7.
-23.
-36.
36.
-15.

-16.5
30.0
2.7
-15. 1
-6 . 1
25.5
-35.4
10.3
-4.7
-12.5
29.2
9.6

15.3
33.3
24.3
-6 . 1
-6 . 1
36.2
3.8
-11.1
-18.3
20.9
-6 . 2

245.
301.
257.
343.
257.
194.
154.
209.
196.
240.
230.
101.

17.
56.
-44.
86.
-8 6 .
-73.
-30.
55.
-13.
44.
-10.
-129.

42.
37.
-14.
113.
41.
-87.
-2 1 .
16.
12.
79.
22.
-127.

7.5
22.9
-14.6
33.5
-25.1
-28.4
-16.3
35.7
-6 . 2
22.4
-4.2
-56.1

20.7
14.0
-5.2
49.1
19.0
-32.1
-1 2 . 0
8.3
6.5
49.1
1 0 .b
-55.7

86.
161.
127.
45.
26.
53.
71.
121.
131.
130.
144.
38.

-15.
75.
-34.
-82.
-19.
27.
18.
50.
10.
49.
-36.
-56.

-159.
-140.
-130.
-298.
-231.
-131.
-33.
-8 8 .
-65.
-60.
-8 6 .
-13.

-14.9
87.2
-2 1 . 1
-64.6
-42.2
103.8
34.0
70.4
8 .*
3
37.4
-2 0 . 0
-38.9

-64.9
-46.5
-50.6
-86.9
-89.9
-71.2
-53.9
-42.1
-33.2
-25.0
-37.4
-12.9

63.
98.
104.
131.
101.
68.
23.
51.
29.
26.

-25.
35.
6.
27.
-30.
-33.
-45.
28.
-2 2 .
-3.

-23.
-63.
-23.
86.
75.
15.
-48.
-70.
-1 02.
-154.

-28.4
55.6

-26.7
-39.1
-18.1
191.1
288.5
28.3
-67.6
-57.9
-77.9
-85.6

2 .6

-28.2
41.7
10.1

1

1977-JAN....I
-FEB....|
— HAB....|
-APS....|
-HAY.... |
-JUN....|
-JUL....4
-AUG....4
- SEP....|
-OCT....4
— NOV....|
-DEC....4

1 0 .0
2 .6

-1.3
0.3
3.4
7.0
3.2
1.7
-1 . 8

|
|
4

|
4
4

|
4

|
1
|
|

72.
89.
102.
111.

1

1978—JAN.... 4
-FEB....I
-HAB.... 4
-APR....J
-HAY....|
-JUN....I
-JUL....4
-AUG....I
-SEP....|
-OCT....|
-NOV...*4
-DEC___ |
4
1979-JAN....4
-FEB....1
-HAS....4
-APE.... 4
-HAY....4
-JUN....|
-JUL___ J
-AUG*...|
-SEP....4
-OCT....4
-NOV....4
-DEC- - J
- -

1

1

1980-JAN....|
-FEB....4
-BAR....4
-APR....!
-HAY....J
-JUN....|
-JUL.... I
-AUG....4
-SEP....4
-OCX.... |
-NOV....J
-DEC....|
4
1981-JAN....4
-FEB....]
-HAR....4
-APR.... |
-MAY....I
-JUN....|
-JUL.•••|
-AUG....|
-SEP....*
-OCT....|
____________ 1
—




464.

483.
482.
521.
469.
361.
323.
300.
271.

-3.4
1 0 .2
1 .1

2.3
-5.4
8 .6

-1.5
-1 . 8
2.5
-7.2
1 0.2

30.9
33.2
37.1
27.6
17.6
29.5
27.2
20.8

|
4

|
4

|
|
t
|

15.7
4.0

|

12.8

4

4

3.4

18.8

|

0 .1

23.0
15.3

4

3.3
-9.9
15.6
2.7
-6.7
-0.5
3.9
-2.7
7.4
3.3
-5.3

2 .2

10.4
14.5
1 2.1

7.2
-8.9

8 .1

-1 0 .0
-23.0
-9. 1
-8.5
-9.7

2 .8

16.2
26.2
8.4
9.5
15.8
1 0 .0

27.2
19.3
9.2
-8 . 8
-14.2
-2 1 . 8
-46.6
-55.1
-55.9
-54.7
-52.0
-43.5
-41.0
-38.8
-41.1
-39.7
-42.6
-27.4
-8 . 2
15.0
13.0
-14.9
-29.9
-44.0
-54.9

|
|
|
|
|
4
|
|
|
|
|
J
|
4

4
4
|
|
|
J
|
4

|
|
|
|
|
(
|
|
|
|
4

6 .1

26.0
-22-9
-32.7
-6 6 . 2
121.7
-43.1
-10.3

6 .1

27
TABLE 232.21!

LIFE INSURANCE COMPANIES
FARM MORTGAGE COatUTHENlS— OUTSTANDING AMD MEN
SEASONALLY-ADJUSTED DATA

OUTSTANDING FABM HOSTGAGE COMMITMENTS
1
l_
MILLIONS OF DOLLARS
] PERCENTAGE CHANGE
1
MONTH
|
|
FROM PREVIOUS
1
1 CHANGE FROM PREVIOUS
1 END OF |
MONTH |
MONTH
TEAS
I
MONTH
YEAR
1
ISAAR)
1
iSAAEL
_______ L_
i
1
I974-JAN....J
464.
-128.
103.
-26.8
28.5
-FE3....I
513.
1075.
136.
231.6
36.0
-MAB....|
528.
207.
129.
40.4
32.4
-APR....I
537.
128.
118.
24.3
28.2
-MAY....|
637.
3585.
204.
6b7.3
47.3
-JUN....J
639.
24.
173.
3.8
37.2
-JUL....I
614.
154.
-238.
-37.3
33.5
-AUG....|
637.
162.
331.
34. 1
53.9
-SEP....|
622.
31.4
-151.
149.
-23.8
-OCT--- i
591.
-28b.
107.
-45.9
22. 1
-MOV....J
562.
-268.
87.
18.3
-45.3
-DEC....|
592.
481.
116.
85.5
24.3

NEW FARM MORTGAGE COMMITMENTS
MILLIONS OF DOLLARS
BADE IN I CHANGE FROM PREVIOUS
MONTH i
(SAAB)
|
MONTH
TEAR
1

PERCENTAGE CHANGE
FROM PREVIOUS
MONTH

TEAR

764.
1516.
1003.
1141.
2354.
1169.
1011.
1096.
729.
595.
649.
448.

-55.
752.
-514.
138.
1213.
-1185.
-158.
85.
-367.
-134.
54.
-201.

-310.
563.
106.
256.
1203.
-542.
-79.
-266.
-364.
-661.
-342.
-371.

-6.7
98.5
-33.9
13.8
106.3
-50.4
-13.5
8.4
-33.5
-18.4
9. 1
-31.0

-28.9
59.0
11.8
28.9
104.6
-31.7
-7.2
-19.5
-33.3
-52.6
-34.5
-45.3

1975-JAN....|
-FED___ i
-BAB.... I
-APR....|
-BAT....|
-JUN....|
-JDL....|
-AUG....|
-SEP.... I
-OCT....|
-NOV....J
-DEC....J

516.
498.
473.
429.
418.
399.
408.
411.
430.
450.
480.
470.

-477.
-183.
-229.
-326.
-120.
-178.
131.
34.
291.
324.
511.
-101.

52.
-15.
-54.
-108.
-219.
-240.
-206.
-226.
-193.
-141.
-82.
-122.

-80.6
-35.4
-45.9
-68.9
-27.9
-42.6
32.8
8.3
70.8
75.3
113.4
-21.0

11.3
-2.9
-10.3
-20. 1
-34.4
-37.5
-33.5
-35.4
-30.9
-23.8
-14.7
-20.5

731.
11 71.
804.
455.
707.
700.
999.
875.
1251.
1401.
1190.
1175.

283.
440.
-367.
-349.
251.
-7.
299.
-124.
376.
149.
-211.
-15.

-33.
-345.
-199.
-686.
-1647.
-469.
-12.
-220.
523.
806.
541.
727.

63.2
60.2
-31.4
-43.4
55.2
-1.0
42.8
-12.4
42.9
11.9
-15- 1
-1.3

-4.3
-22.8
-19.8
-60.1
-70.0
-40.1
-1.2
-20.1
71.8
135.5
83.4
162.3

1976-JA#* • •• |
-FEB--- |
-HAS.... I
-APB--- J
— BAY....|
-JUN....I
-JUL....I
-AUG--- |
-SEP___ |
-OCT....|
-NOV....|
-DEC....J

483.
473.
486.
499.
489.
495.
502.
504.
514.
553.
561.
557.

171.
-105.
179.
178.
-105.
81.
84.
32.
131.
704.
109.
-48.

-34.
-25.
13.
69.
71.
96.
93.
93.
84.
102.
81.
86.

36. 4
-21.7
37.9
36.6
-21.0
16.5
17.0
6.3
25.9
137.0
19-8
-8.6

-6.5
-5.0
2.7
16.2
17.1
24.2
22-9
22.7
19.6
22.7
16.9
18.3

1303.
1119.
1175.
1335.
1300.
1508.
1624.
1103.
1559.
1691.
1809.
2177.

128.
-184.
56.
161.
-35.
208.
116.
-521.
457.
131.
119.
368.

572.
-52.
371.
880.
594.
808.
625.
227.
308.
290.
620.
1003.

10.9
-14.1
5.0
13.7
-2.6
16.0
7.7
-32.1
41.4
8.4
7.0
20.3

78.2
-4.5
46.1
193.3
84.0
115.5
62.5
26.0
24.6
20.7
52.1
85.4

1977-JAN...•|
-FEB...-|
-BAB....}
-APB___ |
-BAT....|
-JUN....|
—JUL....|
-AUG....)
-SEP.... I
-OC1....J
-NOV___ 1
-DEC....|
i
1
1 J78-JAN___ i
-FEB....J
-BAB....4
-APE....J
-BAY....J
-JUN___ |
-JUL- - J
-AUG....J
-SEP....|
-OCT.- i
- NOV....1
-D^C___ J
1
1979-JAN.... I
-FEB___ |
-BAB....|
-APB.- 1
-BAY....!
-JUN.... 1
-JUL....|
-AUG....1
— SEP.... I
-CCT.... I
-NOV....J
-DEC....!
I
1980—JAN....|
-FEB....1
-BAB....|
-APB....1
-MAY--- J
-JUN....|
-JUL._ |
_
-AUG--- J
-SEP....|
-OCT--- |
-NOV....J
-DEC....|
1
1981-JAN....I
-FEB....|
-BAB--- |
— APB.... |
-MAY....!
-JUN.... |
-JUL....1
-AUG....)
— dEP. ... 1
-OCT....|

583.
604.
611.
660.
695.
686.
699.
714.
741.
729.
738.
762.

408.
320.
84.
931.
575.
-102.
175.
199.
394.
* -125.
106.
353.

100.
131.
125.
161.
206.
191.
198.
210.
227.
177.
177.
205.

73.3
54.9
13.3
152.4
87. 1
-14.7
25.6
26.5
55. 1
-16.9
14.6
47.9

20.7
27.8
25.7
32.4
42.2
38.5
39.4
41.6
44. 1
32.0
31.5
36.9

21 76.
2028.
2248.
2455.
2650.
2727.
2372.
24 79.
2672.
2456.
21 b2.
2762.

-1.
-149.
220.
207.
194.
78.
-356.
107.
192.
-215.
-294.
599.

873.
909.
1074.
1120.
1349.
1220.
748.
1376.
1112.
766.
353.
584.

-0.0
-6.8
10.9
9.2
7.9
2.9
-13.0
4.5
7.8
-8- 1
-12.0
27.7

67.0
81.2
91.4
83.9
103.8
80.9
46. 1
124.8
71.3
45.3
19.5
26.8

75b.
799.
838.
844.
822.
900.
897.
864.
859.
759.
826.
894.

-66.
695.
626.
74.
-232.
1622.
-34.
-329.
-48.
-667.
1345.
1305.

174.
194.
227.
164.
126.
214.
198.
149.
119.
29.
88.
132.

-8. b
91.9
78.3
8-9
-2 7.5
197.3
-3.8
-36.7
-5.6
-77.6
177. 3
158.0

29.8
32.1
37.2
z7.9
18.2
31. 1
28.3
20.9
16.0
4.0
12.0
17.3

2490.
2699.
2364.
2327.
2538.
3894.
26b2.
2545.
2341.
1894.
2499.
2550.

-272.
209.
165.
-537.
211.
1356.
-1232.
-117.
-203.
-448.
605.
51.

314.
671.
616.
-128.
-112.
1166.
290.
b6«
-330.
-563.
j 3o .
-212.

-9.8
8.4
6. 1
-18.8
9. 1
53.4
-31.6
-4.4
-8.0
-19. 1
32.0
2.0

14.4
33.1
27.4
-5.2
-4.2
42.8
12.2
2.6
-12.4
-22.9
15.5
-7.7

928.
915.
8b2.
986.
1045.
982.
989.
999.
944.
965.
981.
969.

502.
-143.
-464.
3414.
1011.
-549.
85.
126.
-493.
263.
213.
-135.

171.
116.
24.
141.
223.
62.
92.
136.
85.
206.
155.
75.

56. 1
-15.4
-50.7
395.8
102.6
-52.5
8.6
12. 8
-*♦9.3
30.0
22.1
-13.8

22.6
14.5
2.9
16. 8
27.2
9.2
10.3
15.7
9.9
27.2
18.8
8.4

3058.
3044.
2775.
3536.
3067.
2749.
2445.
2667.
2484.
2732.
2683.
1131.

509.
-14.
-269.
761.
-469.
-318.
-303.
221.
-183.
2 43.
-50.
-1552.

568.
J45.
-69.
1209.
529.
-1145.
-217.
122.
142.
839.
184.
-1419.

20.0
-0.5
-8.8
27.4
-13.3
-10.4
-11.0
9.1
-6.9
10.0
-1.8
-57.9

22.8
12.8
-3.1
52.0
20.9
-29.4
-8.1
4.8
6.1
44.3
7.4
-55.7

846.
783.
674.
523.
470.
434.
449.
480.
534.
570.
600.
569.

-781.
-512.
-651.
-638.
-398.
-290.
209.
547.
1247.
648.
4 78.
-282.

-82.
-132.
-1B8.
-457.
-575.
-548.
-541.
-320.
-411.
-395.
-381.
-400.

-80.5
-60 .o
-83.2
-94.6
-75.3
-61.7
48.0
121.9
260. 1
121.4
83.*
-47. 1

-8.8
-14.5
-21.8
-46.4
-55.0
-55.8
-54.6
-52.0
-43.5
-40.9
-38.9
-41.3

1085.
1614.
1379.
469.
313.
813.
1153.
1520.
1654.
2016.
1646.
995.

-46.
529.
-235.
-909.
-156.
500.
340.
367.
134.
362.
-370.
-651.

-1974.
-1430.
-1397.
-3067.
-2754.
-1935.
-1292.
-1147.
-830.
-717.
-1037.
-136.

-4. 1
48.8
-14.6
-66.0
-33.2
159.6
41.8
31.8
8.8
21.9
-18.3
-39.5

-64.5
-47.0
-50.3
-86.7
-89.8
-70.4
-52.8
-43.0
-33.4
-26.2
-38.7
-12.0

509.
448.
490.
486.
542.
492.
383.
336.
299.
257.

-417.
-400.
849.
-41.
1304.
-374.
-467.
-302.
-254.
-249.

-336.
-334.
-1 d5.
-42.
72.
57.
-66.
-144.
-235.
-313.

-73.4
-78.5
189. 4
-8.4
268.2
-68.9
-95.1
-79.0
-75.7
-83.3

-39.8
-42.7
-27.4
-8.0
15.2
13.2
-14.8
-30.0
-44. 0
-54.9

799.
978.
1132.
1374.
1223.
1058.
378636.
365.
289.

-196.
179.
154.
242.
-151.
-165.
-680.
258.
-271.
-76.

-286.
-636.
-247.
905.
910.
245.
-775.
-884.
-1289.
-1727.

-19.7
22.4
15.8
21.4
-11.0
-13.5
-64.3
68.2
-42.6
-20.8

-26.4
-39.4
-17.9
192.8
290.4
30.1
-67.2
-58.2
-77.9
-85.7




28
TABLE 232.30
LIFE INSURANCE COMPANIES
NEW FABM MORTGAGE COMMITMENTS
TWELVE-MONTH MOVING 101AL
1
)
1 MILLIONS J
OF
)
)
| DOLLABS )
1
1
1
1
1
1974-JAN....|
1071.
-FEB....|
1126.
-MAR....)
1135.
-APB--- 1
1160.
1270.
-MAT....)
-JON..•.1
1228.
1224.
—JUL.... 1
1201.
-AOG....J
1176.
-SEP....|
-OCT....|
1127.
1095.
-NOV....1
1068.
-DEC___ 1
1
1975-JAfcU*|
1068.
1037.
-FEB....|
-MAR....1
1014.
943.
-APB....1
-MAX....|
795.
-JUN....1
759.
-JUL....|
759.
740.
-AUG....|
780.
-SEP....|
840.
-OCT....)
879.
— NOV....|
939.
— DEC...•i
1
1976-JAN....|
987.
-FEB....)
983.
1018.
— HAB....I
1106.
— APB....|
-MAX....|
1158.
-JUN....J
1218.
-JUL....|
1262.
1277.
-AUG....)
-SEP..«•J
1302.
-OCX'.. ••)
1328.
1376.
-NOV....|
-DEC....|
1466.

XBAH
ENDING—

CHANGE FBOM
AS PERCENTAGE OF
)
PBEVIOUS XBAB
J_
OUTSTANDING
]
1
_
-1
|
MILLIONS
-J MORTGAGES
1 - ____
PERCENT ) MORTGAGES* COMMITMENTS* { ACQUIRED
|
OF
DOLLABS _
i
1
_
__1_

TAKEDOHMS
OF
COMMITMENTS

268.
286.
296.
319.
390.
270.
234.
157.
117.
26.
0.
-21.

33.4
34.0
35.3
37.9
44.3
28.2
23.6
15.0
11.0
2.4
0.0
-1.9

19.
19.
19.
20.
22.
21.
21.
20.
20.
19.
18.
17.

242.
250.
246.
246.
263.
246.
238.
228.
218.
204.
195.
188.

104.
109.
107.
. 108.
117.
112.
110.
110.
109.
105.
106.
106.

123.
127.
126.
127.
137.
134.
131.
133.
133.
130.
127.
132.

-3.
-89.
-121.
-217.
-475.
-469.
-465.
-461.
-396.
-287.
-216.
-129.

-0.3
-7.9
-10.7
-18.7
-37.4
-38.2
-39.0
-3 8.4
-33.7
-25.5
-19.7
-12.1

17.
17.
16.
15.
13.
12.
12.
12.
12.
13.
14.
14.

185.
178.
174.
163.
140.
138.
143.
144.
158.
176.
189.
205.

107.
94.
93.
84.
72.
70.
73.
73.
76.
83.
86.
87.

123.
115.
111.
103.
89.
87.
91.
90.
93.
100.
107.
104.

-81.
-54.
4.
163.
363.
459.
503.
537.
522.
488.
497.
527.

-7.6
-5.2
0.4
17.3
45.7
60.5
66.3
72.6
66.9
58.1
56.5
56.1

15.
15.
15.
17.
17.
18.
19.
19.
19.
19.
20.
21.

220.
220.
229.
248.
257.
267.
272.
271.
272.
273.
278.
292.

90.
94.
96.
103.
103.
103.
100.
97.
95.
95.
95.
95.

115.
117.
121.
128.
128.
128.
126.
125.
125.
126.
122.
122.

1977-JAN....|
-FEB_ _ |
_
— HAH....)
-APR....|
-MAX.. .. |
—JON....|
-JUL....|
-AUG....|
-SEP....|
-OCT.... |
-NOV....)
-DEC....)

1538.
1627.
1729.
1840.
1954.
2039.
2087.
2189.
2277.
2343.
2377.
2436.

551.
644.
711.
734.
796.
821.
825.
912.
975.
1015.
1001.
970.

55.8
65.5
69.8
66.4
68.7
67.4
65.4
71.4
74.9
76.4
72.7
66.2

22.
23.
24.
25.
27.
28.
28.
29.
30.
30.
30.
30.

301.
314.
326.
340.
353.
357.
356.
364.
369.
368.
364.
365.

96.
99.
100.
99.
100.
97.
98.
99.
99.
99.
100.
99.

121.
125.
123.
125.
125.
123.
123.
123.
124.
121.
122.
124.

1973-JAN....1
-FEB....)
-HAS.... (
— APB....|
-MAX.... |
-JUN....)
-JUL....)
-AUG--- 1
-SEP.... j
-OCT....)
-NOV....)
-DEC....)

2463.
2529.
2582.
2567.
2553.
2625.
2635.
2642.
2619.
2583.
2619.
2604.

925.
902.
853.
727.
599.
586.
548.
453.
342.
240.
242.
168.

60.1
55.4
49.3
39.5
30.7
28.7
26.3
20.7
15.0
10.2
10.2
6.9

«
o
31.
31.
30.
30.
30.
30.
29.
29.
28.
28.
27.

359.
361.
360.
349.
340.
345.
339.
333.
325.
317.
320.
315.

99.
99.
99.
98.
96.
99.
98.
97.
96.
92.
93.
95.

121.
121.
122.
119.
116.
120.
119.
118.
116.
112.
115.
115.

1979-JAN..••)
-FED....)
-MAR._ l
_
-APB....)
-MAX....I
—JUN.•.•J
-JUL....)
-AOG....I
-SEP....)
-OCT. . . .)
-NOV....J
-DEC....)

2646.
2683.
2669.
2782.
2823.
2736.
2715.
2731.
2743.
2822.
2844.
2717.

183.
154.
87.
215.
270.
111.
80.
89.
124.
239.
225.
113.

7.4
6.1
3.4
8.4
10.6
4.2
3.0
3.4
4.7
9.3
8.b
4.3

27.
27.
27.
27.
27.
26.
26.
25.
25.
26.
25.
24.

316.
315.
309.
322.
322.
306.
302.
301.
299.
305.
302.
284.

97.
96.
92.
97.
98.
92.
92.
93.
94.
97.
97.
94.

116.
114.
110.
115.
118.
113.
113.
116.
114.
121.
118.
115.

1980-JAN....)
-FEB....)
-KAB....|
-APB....I
-MAX....)
-JON....|
-JUL....|
-AUG....)
-SEP....)
-OCT....)
-NOV....)
-DEC....)

2558.
2418.
2288.
1990.
1759.
1628.
1545.
1457.
1392.
1332.
1246.
1233.

-68.
-265.
-381.
-792.
-1064.
-1108.
-1170.
-1274.
-1351.
-1490.
-1598.
-1484.

-3.3
-9.9
-14.3
-28.5
-37.7
-40.5
-43.1
-46.6
-49.3
-52.8
-56.2
-54.6

22.
21.
20.
17.
15.
13.
13.
12.
11.
11.
10.
10.

265.
253.
242.
214.
197.
192.
193.
192.
194.
195.
192.
201.

88.
86.
86.
76.
70.
71.
71.
72.
73.
75.
74.
74.

109.
107.
105.
92.
86.
86.
86.
85.
89.
87.
87.
87.

1981-JAN....)
-FEB....)
-MAR....)
-APB....)
-MAX....)
—JUN....|
-JUL....)
-AUG....|
-SEP....I
-OCT....)

1210.
1147.
1124.
1210.
1285.
1300.
1252.
1182.
1080.
926.

-1348.
-1271.
-1164.
-780.
-474.
-328.
-293.
-275.
-312.
-406.

-52.7
-52.6
-50.9
-39.2
-26.9
-20.1
-19.0
-18.9
-22.4
-30.5

10.
9.
9.
9.
10.
10.
10.
9.
8.
7.

209.
208.
215.
238.
254.
255.
243.
232.
217.
194.

77.
73.
77.
89.
98.
105.
95.
88.
80.
69-

91.
90.
100.
115.
127.
126.
114.
105.
97.
****

______________L
* AVSBAGE AMOUNT OUTSTANDING DUBING xli£ PRECEDING TWELVE MONTHS (AVERAGE OF EN'D-OF— MONTH DATA).
"TAKEDOWNS OF COMMITMENTS" ABE COMPUTED AS NEW COMMITMENTS LESS CANCELLED COMMITMENTS LESS THE CHANGE IN COMMITMENTS OUTSTANDING.




AGRICULTURAL FINANCE DATABOOK— MONTHLY SERIES

300

DECEHBEB

1981

AGRICULTURAL BANKING DATA

301

FARE NON-REAL-ESTATE LOANS

301.1
302

AMOUNT AND CHANGE FROM PREVIOUS YEAR............................. 30

SEASONAL BORROWING BY MEMBER BANKS

302.1

NUMBER OF BANKS AND AVERAGE DAILY BORROWING...................... 31

FOR INFORMATION ON THE DESIGN OF THE SEASONAL BORROWING PRIVILEGE FOR WHICH
DATA ARE SHOWN IN SECTION 302, AND ALSO AN ANALYSIS OF ITS POTENTIAL AND
ACTUAL USE BY AGRICULTURAL BANKS, SEE "SEASONAL BORROWING AT THE FEDERAL
RESERVE DISCOUNT WINDOW," BY EMANUEL MELICHAR AND HARRIET HOLDERNESS,
AGRICULTURAL FINANCE REVIEW. OCTOBER 1974, PP. 92-51.




29

30
TABLE -»01.1M
FARM NON-REAL-ESTATE LOANS AT COMMERCIAL BANKS
1
1
END OF
|
LARGE
MONTH
i
BANKS
1 (MILLIONS
OF
i
1 DOLLARS!,
i
1974-JAN--- |
3701.
3736.
-FEB....|
3788.
-MAR....|
3807.
-APR....J
-MAY....|
3788.
-JUN....1
3838.
-JUL....|
3857.
-AUG....J
3849.
-SEP....|
3737.
-OCT--- 1
3709.
-NOV....|
3725.
-DEC--- J
3649.
1
1975-JAN....|
3599.
-FEB....|
3498.
-MAR....|
3390.
-APR....|
3425.
-MAY....|
3397.
3458.
-JUN.... 1
-JUL....|
3549.
-AUG--- |
3581.
— SEP....|
3631.
-OCT___ |
3597.
-NOV....|
3547.
-DEC....|
3640.
J
1976-JAN....|
3141.
-FEB___ |
3128.
-MAR....|
3192;
-APR....|
3234.
3370.
-MAY.... 1
-JUN....|
3568.
-JUL....|
3564.
-AUG....|
3553.
3541.
-SEP--- |
-OCT....|
3553.
-NOV....|
3513.
-DEC....|
3579.
1
3520.
1977-JAN.•••|
-FEB....|
3474.
-MAR....)
3575.
-APR....|
3670.
-HAY....|
3801.
-JUN....|
3936.
-JUL.... 1
3971.
-AUG....I
3951.
-SEP--- |
3984.
3977.
-OCT....|
3907.
-NOV.... 1
-DEC....|
3928.

CHANGE FROM PREVIOUS YEAR

AMOUNT

1 ALL COMMERCIAL BANKS
LARGE | ALL COMMERCIAL BANKS
BANKS ) (BILLIONS OF DOLLARS)
) (BILLIONS OF DOLLARS)
(MILLIONS 1
1
) ACTUAL
SEASONALLY
SEASONALLY
OF
| ACTUAL
|
DOLLARS) 1
ADJUSTED
ADJUSTED

PERCENTAGE CHANGE FROM
PREVIOUS YEAR
LARGE
BANKS

) ALL COMMERCIAL BANKS
1 .
| ACTUAL
SEASONALLY
1
_ ADJUSTED

17.3
17.5
17.7
17.9
18.1
18.4
18.5
18.6
18.5
18.3
18.3
18.2

17.8
17.8
17.9
18.0
17.9
18.1
18.1
18.2
18.3
18.3
18.5
18.4

******
******
******
******
******
******
******
******
******
******
******
******

***
***
***
***
***
***
***
***
***
***
***
***

***
*#*
***
***
***
***
***
***
***
***
***
***

*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
*****

****
****
*♦**
*♦**
*♦**
****
♦***
****
****
****
****
****

****
****
****
****
****
****
****
****
****
****
****
****

18.1
18.1
18.3
18.5
18.7
19.1
19.4
19.7
19.9
19.9
19.9
20.2

18.6
18.4
18.5
18.7
18.5
18.7
19.0
19.4
19.7
19.9
20.1
20.4

-102.
-238.
-398.
-382.
-391.
-380.
-308.
-268.
-106.
-112.
-178.
-9.

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

-2.8
-6.4
-10.5
-10.0
-10.3
-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

4.5
3.4
3.4
3.9
3.4
3.4
5.0
6.6
7.7
8.7
8.6
10.5

20.2
20.3
20.5
21.2
21.6
22.2
22.4
22.6
22.9
23.0
23.1
23.2

20.6
20.7
20.7
21.3
21.5
21.8
22.0
22.3
22.7
23.0
23.3
23.5

-458.
-370.
-198.
-191.
-27.
110.
15.
-28.
-90.
-44.
-34.
-61.

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

-12.7
-10.6
-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

10.8
12.5
11.9
13.9
16.2
16.3
15.8
14.9
15.1
15.6
15.9
15*2

23.2
23.3
23.7
24.3
24.9
25.6
25.9
26.1
26.3
26.1
25.9
25.7

23.6
23.7
24.0
24.4
24.8
25.2
25.4
25.6
26.0
26.1
26.1
26.0

379.
346.
383.
436.
431.
368.
407.
398.
443.
424.
394.
349.

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

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

14.6
14.5
15.8
14.6
15.3
15.7
15.5
14.8
14.6
13.5
12.0
10.8

1978-JAN....1
-FEB....I
-MAR....)
-APR....|
-HAY....)
-JUN....I
-JUL....)
-AUG....|
-SEP....)
-OCT....|
-NOV....|
-DEC....)
1
1979-JAN....|
-FEB....|
-MAR....|
-APR....)
-HAY....|
-JUN....)
-JUL....)
-AUG....|
-SEP....)
-OCT....)
-NOV....)
-DEC....|

3837.
3776.
3907.
4002.
4195.
4303.
4376.
4436.
4464.
4512.
4452.
4511.

25.6
25.5
25.5
26.0
26.4
27.0
27.5
27.8
28.1
28.0
28.2
28.2

26.1
26.0
25.8
26.0
26.3
26.5
26.8
27.1
27.7
28.0
28.4
28.5

317.
302.
332.
332.
394.
367.
405.
485.
480.
535.
545.
583.

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
1.3
1.4
1.5
1.8
1.9
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
9.4
7.5
7.0
6.0
5.4
6.2
6.5
6.8
7.3
8.9
9.6

10.6
9.7
7.5
6.6
6.0
5.4
5.5
5.9
6.8
7.3
6.8
.9.6

4470.
4440.
4577.
4650.
4830.
4915.
4981.
4939.
5021.
5001.
4896.
4889.

28.2
28.2
28.1
28.7
29.2
29.8
30.1
30.5
30.8
30.9
31.0
31.0

28.5
28.5
28.5
28.7
29.0
29.3
29.7
30.1
30.5
30.8
31.1
31.3

633.
664.
670.
648.
635.
612.
605.
503.
557.
489.
444.
378.

2.6
2.7
2.7
2.7
2.8
2.8
2.6
2.7
2.8
2.9
2.8
2.8

2.4
2.5
2.7
2.7
2.7
2.7
2.9
3.0
2.7
2.8
2.7
2.9

16.5
17.6
17.1
16.2
15.1
14.2
13.8
11.3
12.5
10.8
10.0
8.4

10.1
10.4
10.4
10.3
10.8
10.3
9.6
9.7
9.8
10.4
9.8
10.0

9.1
9.5
10.4
10.5
10.3
10.3
10.7
11.0
9.8
9.9
9.4
10.0

1980-JAN....|
-FEB....)
-MAR....|
-APR....J
-MAY....)
-JUN....)
-JUL....I
-AUG....|
-SEP....)
-OCT....)
-NOV....)
-DEC....|

4922.
4928.
4989.
5009.
5028.
5146.
5387.
5379.
5423.
5321.
5366.
5404.

****
****
30.5
****
****
31.1
****
****
31.6
****
****
31.6

****
****
30.9
****
****
30.5
****
****
31.3
****
****
31.9

452.
488.
412.
359.
198.
231.
406.
440.
402.
320.
470.
515.

***
***
2.4
***
***
1.3
***
***
0.8
***
***
0.5

***
***
2.4
***
***
1.3
***
***
0.8
***
***
0.5

10.1
11.0
9.0
7.7
4.1
4.7
8.2
8.9
8.0
6.4
9.6
10.5

**♦*
****
8.5
****
****
4.3
****
****
2.5
****
****
1.7

****
****
8.5
****
****
4.3
****
♦***
2.5
****
****
1.7

1981-JAN....|
-FEB....)
-MAR....)
-APR....|
-MAY....)
-JUN....J
-JUL....)
-AUG....|
-SEP....|
-OCT--- |
-NOV....|

5335.
5374.
5305.
5589.
5761.
5902.
5975.
5977.
5978.
5904.
5781.

****
****
31.4
****
****
33.2
****
****
33.5
****
****

****
****
31.7
****
****
32.6
****
****
33.1
****
****

413.
446.
316.
580.
733.
756.
588.
598.
555.
583.
415.

***
***
0.9
***
***
2.1
***
***
1.9
***
***

***
***
0.9
***
***
2.1
*♦*
***
1.9
***
***

8.4
9.1
6.3
11.6
14.6
14.7
10.9
11.1
10.2
11.0
7.7

****
****
2.8
****
****
6.8
****
****
6.0
****
****

****
****
2.8
****
****
6.8
****
****
6.0
****
****

LARGE-BANK BATA ARE FOR ABOUT 170 COMMERCIAL BANKS THAT REPORT ASSETS AND LIABILITIES MEEKLY.
ASSETS OF $750 MILLION OR MORE AS OF DECEMBER 31, 1977.

THESE BANKS HAD DOMESTIC

DATA SHOHN FOR ALL COMMERCIAL BANKS ARE FROM CALL REPORTS AVAILABLE FOR MARCH, JUNE, SEPTEMBER, AND DECEMBER (MARCH AND
SEPTEMBER DATA ARE ESTIMATED FOR UNINSURED BANKS). PRIOR TO 1976, DATA ARB AVAILABLE FOR JUNE AND DECEMBER ONLY. FOR
OTHER MONTHS, DATA SHOhN ARE INTERPOLATED ESTIMATES. DATA FOR SEPTEMBER 1981 ARE ESTIMATES MADE BY THE AUTHORS.




TABLE 302.IN
MEMBER BANK B0BB0HING ONDEB SEASONAL BORROWING PRIVILEGE
WEEK ENDING ON LAST WEDNESDAY Of MONTH
NOMBER OF BANKS

MONTH

(AVERAGE DAILY SEASONAL BORROWING
|
(THOUSANDS OF DOLLARS)
_
l
|DEPOSIT SIZE OF BANK 1
|DEPOSIT SIZEI OF BANK
1
___
1
1
TOTAL
| OP TO
|
OVER
| TOTAL
| UP TO
(
OVER
$100
1
$100
|
I
$100
j
$100
1
_ 1 MILLION__ 1 MILLION
_
__1 MILLION
1 MILLION

1974-JAN---FEB....
-MAR....
-APB---MAY....
-JUN___
-JOL---AOG---SEP....
-OCT....
-NOV---DEC....

21.
26.
45.
68.
111.
141.
138.
124.
115.
76.
45.
31.

20.
25.
44.
66.
104.
132.
124.
112.
102.
70.
43.
31.

1.
1.
1.
2.
7.
9.
14.
12.
13.
6.
2.
0.

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

16391.
14889.
43159.
52038.
114130.
128837.
162687.
161135.
140114.
104612.
62918.
28956.

11391.
14603.
38159.
46238.
84130.
86855.
100224.
105820.
91857.
81955.
52818.
28956.

5000.
286.
5000.
5800.
30000.
41982.
62463.
55315.
48257.
22657.
10100.
0.

1975-JAN.•..
-FEB....
-MAR....
-APR....
-MAY....
-JON___
-JOL....
-AOG....
-SEP....
-OCT....
-NOV.. ..
-DEC....

12.
15.
10.
9.
13.
17.
29.
39.
40.
40.
23.
13.

12.
15.
10.
9.
11.
15.
28.
37.
34.
35.
21.
13.

0.
0.
0.
0.
2.
2.
1.
2.
6.
5.
2.
0.

|
|
|
J
|
|
|
i
|
|
(
i

10101.
9713.
6744.
7080.
8843.
10518.
22602.
40110.
66018.
59673.
25704.
12850.

10101.
9713.
6744.
7080.
5914.
6875.
15888.
31110.
35532.
35673.
21204.
12850.

0.
0.
0.
0.
2929.
3643.
6714.
9000.
30486.
24000.
4500.
0.

1976-JAN....
-FEB___
-MAR....
-APR....
-MAY....
-JON___
-JOL..-.
-AOG....
-SEP....
-OCT....
-NOV....
-DEC....

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.
0.
0.
0.
1.
1.
1.
1.
2.
0.
0.

|
|
(
J
i
J
|
I
|
|
|
(

8267.
8233.
9605.
11153.
11637.
27898.
25957.
23354.
33618.
33297.
27215.
9970.

8267.
8233..
9605.
11153.
11637.
25898.
20243.
17354.
29618.
29154.
27215.
9970.

0.
0.
0.
0.
0.
2000.
5714.
6000.
4000.
4143.
0.
0.

1977-JAN___
-FEB....
-MAR---APR....
-MAY....
-JON....
-JOL....
-AOG___
-SEP___
-OCT....
-NOV___
-DEC....

8.
10.
17.
21.
45.
59.
63.
99.
92.
81.
53.
34.

8.
10.
17.
21.
44.
55.
59.
89.
83.
74.
45.
31.

0.
0.
0.
0.
1.
4.
4.
10.
9.
7.
8.
3.

|
8113.
1 11353.
| 14161.
J 15030.
I 34503.
| 70158.
| 68701.
| 130235.
| 115456.
( 116094.
I 74288.
| 52761.

811311353.
14161..
15030.
32503.
45658.
48508.
80936.
73456.
74794.
41488.
34461.

0.
0.
0.
0.
2000.
24500.
20193.
49299.
42000.
41300.
32800.
18300.

1978-JAN---FEB... ..
-MAR....
-APR....
-MAY....
-JON....
-JOL....
-AOG---SEP___
-OCT....
-NOV....
-DEC....

23.
31.
51.
43.
93.
109.
128.
161.
160.
159.
117.
76.

23.
31.
49.
42.
85.
100.
122.
150.
147.
144.
102.
69.

0.
0.
2.
1.
8.
9.
6.
11.
13.
15.
15.
7.

35588.
52858.
50535.
44686..
88968.
101623.
119581.
158153.
156046.
158958.
105834.
87763.

0.
0.
1357.
4714.
25986.
32171.
31357.
48657.
48180.
76490.
74273.
43396..

1979-JAN....
-FEB....
-MAR....
-APR....
-MAY....
-JON....
-JOL....
-AOG....
-SEP---OCT....
-NOV....
-DEC---

62.
82.
100.
114.
164.
177.
156.
165.
158.
155.
107.
63.

56.
74.
92.
106.
148.
163.
143.
156.
147.
143.
101.
58.

6.
8.
8.
8.
16.
14.
13.
9.
11.
12.
6.
5.

78597.
95949.
100166.
106178.
142576.
143859.
126754.
147963.
108602.
133947.
101323.
60557.

33870.
27250.
34136.
35043.
75090.
51523.
40171.
37900.
71756.
51238.
33700.
20615.

1980-JAN....
-FEB....
-MAR....
-APR....
-MAY....
-JON---JOL....
-AOG....
-SEP....
-OCT---NOV....
-DEC---

52.
70.
115.
131.
52.
19.
15.
16.
38.
55.
66.
70.

45.
63.
102.
118.
50.
19.
15.
15.
37.
48.
57.
63.

7.
713.
13.
2.
0
0.
1.
1.
7.
97.

43494.
67310.
101015.
102680.
28325.
8806.
7615.
8520.
26925.
53929.
67754.
78936.

53072.
34729.
75642.
67914.
821.
0
0.
2000.
4000.
33410.
43729.
35228.

1981-JAN___
-FEB....
-MAR....
-APR---MAY....
-JON....
-JOL---AOG....
-SEP....
-OCT....
-NOV....

57.
86.
121.
114.
181.
201.
198.
206.
186.
145.
85.

50.
77.
103.
101.
162.
180.
184.
187.
169.
131.
76.

7.
9.
18.
13.
19.
21.
14.
19.
17.
14.
9.

| 35588.
| 52858.
| 51892.
| 49400.
J 114954.
| 133794.
| 150938.
( 206810.
| 204226.
J 235448.
| 180107.
| 131159.
I
| 112467.
| 123199.
J 134302.
| 141221.
| 217666.
| 195382.
| 166925.
| 185863.
| 180358.
| 185185.
| 135023.
| 81172.
1
| 96566.
| 102039.
| 176657.
| 170594.
1 29146.
I
8806.
|
7615.
| 10520.
I 30925.
J 87339.
| 111483.
j 114164.
I
| 130984.
| 155397.
i 194120.
( 174543.
| 308510.
| 305707.
| 256288.
| 243916.
1 241704.
| 180667.
| 73273.
J --

95970.
103140.
118747.
103514.
193222.
195956.
195946.
180558.
174135.
129969.
60943.

35014.
52257.
75373.
71029.
115288.
109751.
60342.
63358.
67569.
5069&.
12330.

.

THE SEASONAL BORROWING PRIVILEGE WAS IMPLEMENIED ON APRIL 19, 1973.
DEPOSIT SIZE CLASSIFICATION IS BASED ON AVERAGE DEPOSITS IN 1972.




.

32
APPENDIX
330

Survey of terms of bank lending to farmers

331Q
332Q
333Q
334Q
335Q

Average effective interest rates..................................... 33
Average effective interest ratescompared with overall average...... 34
Percentage of loans made with a floating interest rate............. 35
Average
maturity of loans made......... ........................36
Amount, number, and average amount of loans made..................... 37

Appendix table 1.

Average interest rates on business and farm borrowings...38

COMMENTARY AND OVERVIEW (Continued from page 2)
non-real-estate loans at the reporting lending institutions (Table 112.3Q).
For the year ending September 30, non-real-estate loans were up by 6 percent
at banks and by 12 percent at PCAs and at all reporting lenders (Table 112.5Q).
Farm real estate loans at commercial banks have remained roughly unchanged
for three years, after rising by an annual average of 9.5 percent during the
preceding 20 years. For the year ending September 30, real estate loans at all
reporting lenders are up by 12 percent, with commercial banks down 1 percent,
life insurance companies up 2 percent, and Federal Land Banks up 21 percent
(Table 112.5Q).
Nonbank lending developments. On a seasonally-adjusted basis, outstanding
PCA loans rose very slowly during August-October and then fell sharply in
November (Table 211.2M). This indicates that the August-November decline in
actual outstanding loans (Table 211.1M) was relatively large. Until November,
however, last fallfs reduction in PCA outstandings had been even larger.
Consequently, the year-over-year percentage change in outstanding loans rose
this summer and fall, giving a very misleading indication about the strength
of PCA lending in recent months.
In truth, after a very strong first quarter,
growth in PCA loans became progressively weaker in the summer and fall. In any
given month, an indication of the strength of current loan growth can be
obtained either by comparing monthly loan changes with those of the same months
of earlier years (using the second column of Table 211.1M) or by referring to
the seasonally-adjusted annual rates of change (columns 2 and 4 of Table 211.2M).
Through November, loans outstanding at Federal Land Banks continued to
increase at the seasonally-adjusted annual rate of about 20 percent maintained
since January (Table 221.2M). Since June, this pace has been several percentage
points higher than that achieved during the summer and fall of 1980. Therefore,
the year-over-year percentage gain has been rising, reaching 21.6 percent at
the end of November. Of the total amount of Federal Land Bank loans made during
the third quarter, 15 percent was for the purpose of refinancing short-term
loans— a relatively high proportion. All refinancing accounted for 52 percent
of loans made, while real estate purchases represented a relatively low 27
percent. Since June, new money loaned by Federal Land Banks has greatly exceeded
lending during the same months of 1980 (Table 223.2M). At the same time,
repayments have dropped to an extremely low percentage of outstanding loan
volume (Table 224.3M). Because of the relatively low interest rate on Federal
Land Bank loans, borrowers have apparently reduced prepayments.
Meanwhile, farm mortgage lending by life insurance companies has been
just barely exceeding repayments (Table 231.2M). At the end of October,
outstanding loans were 2.2 percent above a year earlier. However, farm mortgage
commitments have now fallen to an extremely low level, portending further
reductions in lending (Table 232.2M).



33
SURVEY OF TERMS OF BANK LENDING TO FABHEBS (NON-REAL-ESTATE LOANS HADE DOBING FIBST HESK OF MIDDLE EONTH OF QUARTER)
TABLE 331Q

QUARTER

AVERAGE EFFECTIVE INTEREST BATES (PERCENT)*
1
11
1
11
| ALL LOANS j1
I
J| FEEDER
1
1| LIVESTOCK

PURPOSE OF LOAN
OTHER
LIVESTOCK

OTHER
CURRENT
OPERATING

FARM
MACHINERY
AND

OTHER

1
1
1
1
1

AMOUNT OF LOAN
(THOUSANDS OF DOLLARS!
1 TO
9

10 TO
24

25 TO
99

|
100
AND
OVER

S H E OF BANK

! LARGE**
1

OTHER

J----------------------- EXP£MSES__gflOIPflENT___________ I
_______________________________ l
1
1
1
1977-Q1... ..1
-Q2... ♦ •I
-Q3...
-Q4...
1978-Q1...
-Q2... -.1
-Q3... -.1
-Q4... ..1
1
1979-Q1..« ..1
-Q2... •♦I
-Q3... ..1
-Q4... ..I
i
1980— Q1.. ..1
-Q2...
-Q3..
— Q4. . .. J
1
1981-Q1... • •1
-Q2...
-Q3... ..1
— Q4. .
I
1
1
1
1
1977-Q1......I
-Q2...
-Q3......(
-Q4......)
1
1978-Q1...
-Q2...
-Q3... ••1
-Q4......|
1
1979-Q1......|
-Q2...
-Q3......I
-Q4...
1
1980-Q1.. ,
-Q2...
-Q3...
-Q4...
1
1981-Q1... ..I
-Q2......1
-Q3... ••I
-Q4... ..1
I
1
1
1
1
1977-Q1... ..1
-Q2...
-Q3...
-Q4... ..J
1
1978-Q1...
-Q2...
-Q3...
-Q4... ..1
i
1979-Q1...
-Q2...
-Q3...
-Q4... ••I
1
1980-Q1••.
-Q2..-Q3...
-Q4...
i
1
1981-Q1...
-Q2...
-Q3...
-Q4... ..1

331.IQ
8.8
8.7
8.7
9.1
9.2
9.3
9.6
10.4
11.0
11.2
11.3
13.6
14.1
17.4
13.5
15.5
17.9
17.9
19.6
18.8

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

8.5
8.4
8.4
8.9

8.9
8.2
8.6
9.1

8.8
8.8
9.0
9.2

9.1
9.4
9.0
9.2

8.8
8.9
8.6
9.2

9.2
9.4
9.5
10.2

9.1
9.1
9.5
10.8

9.1
9.2
9.7
10.3

9.3
9.4
9.6
10.3

9.2
9.5
9.9
10.7

1
|
1
|
1
1
1
|
]
|

11.1
11.2
11.2
13.5

11.2
11.7
11.1
12.9

10.9
11.2
11.4
13.6

10.3
10.6
10.9
13.2

11.2
11.1
11.5
14.6

14.4
17.7
13.4
15.5

13.5
16.6
13.7
15.3

14.3
17.5
13.7
15.4

13.0
16.4
13.3
15.1

17.8
18.4
19.6
18.5

17.4
18.0
19.9
18.7

17.9
17.7
19.5
18.9

17.4
17.6
18.9
18.1
331.2Q

8.3
8.1
8.4
9.4
9.3
9.6
10.4
11.7
12.5
12.8
12.9
16.2
16.0
18.5
12.8
16.3
19.9
19.5
20.8
18.9

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

8.9
8.9
8.9
9.0
9.1
9.2
9.3
10.0
10.4
10.7
10.9
13.1
13.7
17.1
13.7
15.3
17.5
17.5
19.1
18.7

9.0
9.1
9.0
9.1

9.0
9.0
8.8
9.0

8.7
8.9
8.8
9.0

8.8
8.1
8.5
9.3

9.1
9.2
9.3
9.9

9.2
9.2
9.3
10.0

9.2
9.3
9.5
10.1

9.2
9.4
10.1
11.1

|
|
I
|

10.3
10.6
10.9
12.9

10.4
10.7
11.1
13.2

10.5
10.8
11.0
13.2

12.1
12.2
11.8
14.5

14.6
17.2
13.3
15.7

|
1
|
|

13.5
16.5
13.5
15.1

13.6
17.0
13.4
15.0

13.7
17.2
13.6
15.4

15.0
17.8
13.5
15.8

18.3
17.7
20.1
18.9

|
|
|
|
1

17.4
17.5
18.8
18.5

17.7
17.6
19.1
18.8

17.7
17.7
19.3
18.5

18.4
18.2
20.3
19.0

J
1
J
1
i
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
|

8.3
8.1
8.4
9.4

8.9
8.9
8.9
9.0

9-3
9.6
10.4
11.7

9.1
9.2
9-3
10.0

12.5
12.8
12.9
16.2

10.4
10.7
10.9
13.1

16.0
18.5
12.8
16.3

13.7
17.1
13.7
15.3

19.9
19.5
20.8
18.9

17.5
17.5
19. 1
18.7

LARGE BANKS**

8.0
7.8
8.1
9.2

7.3
7.2
8.2
9.0

8.7
8.3
8.8
9.6

8.7
8.9
8.7
9.4

8.2
8.6
8.7
9.2

1
|
|
|
t

9.0
9.0
9.2
9.6

8.7
8.6
8.9
9.3

8.4
8.5
8.7
9.4

8.3
7.8
8.3
9.3

9.7
9.9
10.3
11.8

9.2
8.7
10.1
12.3

9.2
9.4
10.4
11.5

10.0
9.4
9.8
11.6

9.2
10.0
10.7
11.9

J
|
1
|

9.7
9.9
10.5
11.5

9.6
9.8
10 .4
.
11.6

9.5
9.6
10.3
11.4

9.2
9.6
10.4
11.8

12.8
12.9
13.0
16.2

13.5
13.5
12.8
16.1

12.5
12.7
12.8
15.9

12.2
12.3
12.2
14.7

12.1
12.7
13.0
16.9

i
I
|
|

12.3
12.3
12.7
15.4

12.4
12.6
12.8
15.4

12.5
12.7
12.7
15.6

12.5
12.9
13.0
16.5

16.8
20.2
12.9
16.6

15.4
17.2
12.9
15.2

15.6
18.4
13.1
15.7

14.7
16.6
12.7
15.7

16.0
18.0
12.4
16.9

|
I
|
|

15.2
17.0
13.1
15.6

15.4
17.5
13.0
15.6

15.8
18.4
13.1
16.0

16.1
18.6
12.8
16.4

21. 1
20.7
20.6
18.7

17.6
19.3
21.9
18.6

19.6
18.7
20.6
19.2

16.8
18.4
19.6
19.3

20.4
19.6
21.6
18.7

|
I
i
|
1

18.9
18.6
19.8
15.0

19.4
18.4
19.7
19.0

19.7
19.0
20.5
18.9

20.1
19.7
20.9
18.8

9.0
9.1
9.0
9.1

9.0
9.0
8.8
9.0

8.7
8.9
8.8
8.9

9.3
8.6
9.2
9.1

9.1
9.2
9.3
9.9

9.1
9.2
9.3
9.9

9.1
9.2
9.3
9.9

9.1
9.1
9.5
10.3

331.3Q
1
1
1
i
1
1
1
1
1
1
1
1
1
1
1
1
1
1
J
1
1
[
1
1
1
1

ALL BANKS

1
1
1
1
1
1
1
1
1
i
1
1
J
1
1
1
I
1
1
1
1
1
1
1
1
1
1
I

OTHER ttANKS

8.8
8.8
8.8
8.8

9.0
8.6
8.7
9.1

8.8
8.9
9.0
9.0

9.1
9.5
9.2
9.2

9.0
9.0
8.6
9.2

8.9
9.0
9.2
9.8

9.0
9.3
9.3
10.6

9.1
9. 1
9.4
9.9

9.3
9.4
9.6
10.2

9.1
9.3
9.4
9.9

1
|
1
|
1
I
I
|
1
|

10.5
10.7
10.8
13.1

10.5
11.3
10.8
12.1

10.5
10.8
11.0
13.2

10.2
10.3
10.8
13.1

10.5
10.3
11.0
13.3

|
|
J
|

10.3
10.5
10.8
12.8

10.2
10.5
10.9
13.1

10.3
10.5
10.8
13.0

11.3
11.4
11.2
13.4

1
1
1
1
i
I
1
1
1
1
1
1
1
1
1
1
1

13.9
17.4
13.6
15.2

13.3
16.5
14.0
15.4

14.0
17. 1
13.8
15.4

12.9
16.4
13.4
15. 1

13.6
16.6
13.5
15.2

|
|
|
J

13.4
16.4
13.5
15. 1

13.5
16.9
13.5
15.0

13.6
17.1
13.6
15.3

14.3
17.4
14.0
15.5

1
1
1
1

16.7
17.7
19.2
18.5

17.4
17.7
19. 1
18.7

17.6
17.6
19. 1
18.8

17.4
17. 5
18.8
18.0

17.7
17.1
19.1
19.0

|
|
)
|

17.3
17.5
18.8
18.5

17.6
17.5
19.0
18.8

17.4
17.6
19.1
18.5

17.6
17.5
19.4
19.1

1
1
i
1
— 1_

* THE APPROXIMATE COMPOONDED ANNUAL INTEREST BATE ON EACH LOAN IS CALCULATED FROM SURVEY DATA ON THE STATED BATE AND OTHER TEEMS
OF THE LOAN.
IN COMPUTING THE AVERAGE OF THESE ESTIMATED EFFECTIVE RATES, EACH LOAN IS WEIGHTED BY ITS DOLLAR AMOUNT.
** “LARGE BANKS" ARB BANKS IN SURVEY STRATA 1-3, CORRESPONDING APPROXIMATELY TO BANKS WITH OVER $450 MILLION IN TOTAL ASSETS
AS OF DECEMBER 1980.
FOR ADDITIONAL INFORMATION, SEE NOTES TO STATISTICAL RELEASE E.2, FEDERAL RESERVE BOARD.




34
SURVEY OF TERES OF BANK LENDING TO FARHERS (NON-REAL-ESTATE LOANS HADE DURING FIRST SEEK OF MIDDLE MONTH OF QUARTER)
TABLE 332Q

AVERAGE EFFECTIVE INTEREST RATES COMPARED NITH OVERALL AVERAGE*

1
1
1
1

DIFFERENCE FROM AVERAGE EFFECTIVE INTEREST RATE ON ALL LOANS

| AVERAGE
| EFFECTIVE
| INTEREST
| RATE ON
1
| ALL LOANS J FEEDER
j (PERCENT)
LIVESTOCK
1

QUARTER

1

PURPOSE OF LOAM
OTHER
LIVESTOCK

OTHER
CURRENT
OPERATING
EXPENSES

AMOONT OF LOAN
I_____ (THOUSANDS OF DOLLARS!

FARM
MACHINERY
AND
EQUIPMENT

OTHER

332.IQ
1977-Q1___
-Q2---Q3....
-Q4---

.|
|
|
I

8.8
8.7
8.7
3-1

1978-Q1___ |
}
-Q2--- .
-Q3.... |
-Q4.... |

9.2
9.3
9.6
10.4

1S79-Q1___ |
-Q2--- |
-Q3--- |
j
-Q4--- .

11.0
11.2
11.3
13.6

1980-Q1___ |
-Q2.... |
|
-Q3--- .
-Q4.... |

14.1
17.4
13.5
15.5

|
1981-Q1.... .
-Q2.... |
-Q3--- |
-Q4--- |

17.9
17.9
19.6
18.8

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

1977-Q1____ .
)
|
-Q2.... .
-Q3.... .
|
J
-Q4---- .

8.3
8.1
8.4
9.4

1978-Q1.... >
|
(
-Q2---- .
)
-Q3.... .
|
-Q4---- .

9.3
9.6
10.4
11.7

(
1979-Q1.... .
-Q2.... ,
|
-Q3.... .
(
-Q4.... >
i

12.5
12.8
12.9
16.2

|
1980-Q1.... .
|
-Q2.... ,
|
-Q3.... >
|
-Q*.i...,

16.0
18.5
12.8
16.3

|
1981-Q1.... ,
-Q2.... ,|
|
-Q3.... >
-Q4----

19.9
19.5
20.8
18.9

1 TO
9

10 TO
24

25 TO
99

|
I SIZE OF BANK
1
1
|
| LARGE** OTHER
j
iJ1

ALL BANKS

-0.3
-0.3
-0.3
-0.2

0.1
-0.6
-0.1
-0.1

-0.0
0.1
0.3
0.1

0.3
0.7
0.3
0.1

-0.0
0.1
-0.1
0.1

|
|
|
|

0.2
0.3
0.2
0.0

0.2
0.2
0.1
-0.1

-0.2
0.1
0.1
-0.1

-0.1
-0.7
-0.2
0.1

-0.5
-0.7
— 0*3
0.2

0.1
0.2
0.2
-0.1

0.0
0.1
-0.1
-0.1

-0.1
-0.2
-0.2
0.4

-0.0
-0.1
0.0
-0.1

0.2
0.1
0.0
-0.1

-0.0
0.2
0.2
0.4

|
|
|
|

-0.0
-0.1
-0.3
-0.4

-0.0
-0.1
-0.3
-0.4

0.0
-0.1
-0.1
-0.3

0.0
0.1
0.4
0.7

0.2
0.3
0.7
1.4

-0.1
-0.1
-0.3
-0.4

0.1
0.0
-0.1
-0.1

0.2
0.5
-0.2
-0.7

-0.1
0.0
0.1
0.0

-0.7
-0.6
-0.4
-0.5

0.2
-0.0
0.2
0.9

|
|
J
|

-0.7
-0.6
-0.4
-0.8

-0.6
-0.5
-0.2
-0.4

-0.5
-0.4
-0.3
-0.4

1.1
1.0
0.6
0.9

1.5
1.6
1.6
2.6

-0.6
-0.5
-0.3
-0.5

0.3
0.3
-0.1
-0.0

-0.7
-0.7
0.2
-0.1

0.1
0.1
0.1
-0.0

-1.1
-0.9
-0.2
-0.3

0.5
-6.2
-0.3
0.3

|
I
|
I

-0.6
-0.9
-0.0
-0.4

-0.6
-0.4
-0.1
-0.4

-0.4
-0.2
0.0
-0.1

0.9
0.5
-0.0
0.4

1.8
1.1
-0.7
0.8

-0.4
-0.3
0.2
-0.2

-0.1
0.6
0.1
-0.3

-0.5
0.1
0.3
-6.1

-0.0
-0.2
-0.1
0.1

-0.6
-0.3
-0.7
-0.7

0.4
-0.2
0.5
0.1

|
I
|
|

-0.6
-0.4
-0.8
-0.2

-0.2
-0.3
-0.5
0.0

-0.3
-0.2
-0.3
-0.3

0.5
0.3
0.7
0.2

2.0
1.7
1.2
0.1

-0.4
-0.3
-0.5
-0.0

332.2Q

1
1
1
1

|
1

100
AND
OVER

LARGE BANKS**

-0.4
-0.3
-0.3
-0.1

-1.1
-0.9
-0.2
-0.4

0.4
0.2
0.4
0.2

0.4
0.8
0.3
0.0

-0.1
0.6
0.3
-0.2

|
|
|
|

0.6
0.9
0.8
0.2

0.4
0.6
0.5
-0.0

0.1
0.5
0.3
0.0

-0.1
-0.2
-0.1
-0.0

0.3
0.2
-0.1
0.1

-0.1
-0.9
-0.3
0.6

-0.1
-0.3

0.0

-0.1
0.4
0.3
0.2

|
|
I
|

0.4
0.3
0.2
-0.3

0.3
0.2
0.0
-0.1

0.0

-0.3

0.7
-0.2
-0.6
-0.1

-0.1
-0.3

-0.1
-0.0
0.0
0.1

0.3
0.1
0.1
-0.0

1.0
0.7
-0.1
-0.1

-0.0
-0.1
-0.1
-0.4

-0.4
-0.5
-0.7
-1.5

-0.4
-0.1
0.1
0.6

|
I
|
I

-0.2
-0.5
-0.2
-0.8

-0.1
-0.3
-0.1
-0.9

-0.0
-0.2
-0.2
-0.7

0.0
0.1
0.1
0.2

1

0.8
1.7
0.0
0.4

-0.5
-1.3
0.0
-1.0

-0.4
-0.1
0.3
-0.5

-1.3
-1.8
-0.1
-0.6

0.0
-0.4
-0.4
0.7

I
|
I
|

-0.8
-1.5
0.3
-0.6

-0.6
-1.0
0.1
-0.6

-0.1
-0.1
0.2
-0.3

0.1
0.1
-0.1
0.1

i
i
i

1.2
1.1
-0.2
-0.2

-2.4
-0.2
1.1
-0.3

-0.3
-0.8
-0.2
0.3

-3.1
-1.1
-1.2
0.4

0.5
0.1
0.8
-0.2

1
I
I
|

-1-1
-0.9
-1.0
0.1

-0.5
-1.1
-1.1
0.2

-0.3
-0.6
-0.3
0.1

0.2
0.2
0.1
-0.0

0.1
0.1
0.1
0.1

0.1
0.1
-0.1
-0.0

-0.3
-0.0
-0.1
-0.1

0.3
-0.4
0.3
0.1

-0.0
0.0

J

1
1
)
1
1
1
1
1
1
1
1
1
1

i

0.2

i

332.3Q

i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
ii

OTHER BANKS

i

1977-Q1.... .
|
)
-Q2.... .
|
-Q3.... ,
-Q4....

8.9
8.9
8.9
9.0

,|
.)
|
,)
,|

9.1
9.2
9.3
10.0

1979-Q1...... 1
-Q2....
-Q3.... 1
-Q4....

|
|

10.4
10.7
10.9
13.1

1980-Q1.... |
|
-Q2.... ,
-Q3.... i
— Q4.....,
|

13.7
17.1
13.7
15.3

J
1981-Q1.... ,
-Q2.... |
-Q3.--- |
|
-Q4.... ,

17.5
17.5
19.1
18.7

1978-Q1.....
-Q2....
-Q3....
-Q4....

-0.2
-0.2
-0.1
•0.2

0.1
-0.3
-0.2
0.0

-0.1
0.0
0.1
-0.0

0.2
0.5
0.3
0.1

-0.4
0.2

|
|
|
1

-0.2
-0.1
-0.1
-0.1

-0.1
0.1
-0.1
0.6

0.0
-0.0
0.0
-0.1

0.2
0.2
0.3
0.2

0.0
0.1
0.1
-0.1

|
|
|
|

-0.0
0.0
-0.1
-0.1

-0.0
-0.1
-0.1

0.0

-0.1

0.0
-0.1
0.2
0.4

0.0
-0.0
-0.1
0.0

0.0
0.6
-0.2
-1.0

0.0
0.0
0.1

0. 1

-0.3
-0.4
-0.1
-0.0

0.1
-0.4
0.1
0.2

I
I
I
|

-0.2
-0.2
-0.1
-0.3

-0.2
-0*2
-0.0
-0.0

-0.2
-0.2
-0.1
-0.1

0.8
0.7
0.3
0.3

0.2
0.3
-0.1
-0.1

-0.4
-0.6
0.4
0.1

0.3
0.1
0.1
0.1

-0.8
-0.6
-0.3
-0.2

-0.1
-0.5
-0.1
-0. 1

I
|
)
|

-0.3
-0.6
-0.1
-0.2

-0.3
-0.1
-0.2
-0.3

-0.2
0.0
-0.1
0.0

0.6
0.3
0.3
0.2

-0.8
0.1
0.2
-0.3

-0.1
0.2
0.0
-0.1

0.1
0.0
-0.0

-0.1
-0.0
-0.3
-0.7

0.2
-0.4
-0.0
0.2

|
|
|
|

-0.2
-0.1
-0.3
-0.2

0.1
0.0
-0.1

-0.1
0.1
0.0
-0.3

0.1
-0.0
0.3
0.4

0. 1

0.0

0.1

0.0

0.0

* THE APPROXIMATE COMPOUNDED ANNUAL INTEREST RATE ON EACH LOAN IS CALCULATED FROM SURVEY DATA ON THE STATED RATE AND OTHER TERMS
OF THE LOAN.
IN COMPUTING THE AVERAGE OF THESE ESTIMATED EFFECTIVE RATES, EACH LOAM IS HEIGHTED BY ITS DOLLAR AMOUNT.
** "LARGE BANKS" ARE BANKS IN SURVEY STRATA 1-3, CORRESPONDING APPROXIMATELY TO BANKS NITH OVER $450 MILLION IN TOTAL ASSETS
AS OF DECEMBER 1980.
FOR ADDITIONAL INFORMATION, SEE NOTES TO STATISTICAL RELEASE £.2, FEDERAL RESERVE BOARD.




35
SURVEY OF TERMS OF BARK LENDING TO FARMERS (NON-REAL-ESTATE LOANS MADE DURING FIRST MEEK OF MIDDLE MONTH OF QUARTER)
ZABLE 333Q

PERCENTAGE OF LOANS HADE NIIH A FLOATING INTEREST BATE*
1

QUARTER

1977-Q1....
-Q2---Q3---Q4---

AMOUNT OF LOAN

PURPOSE OF LOAN

1

| ALL LOANS
1
1
1
1
1
1
1
.
1
15.3
.1
13.2
|
22.7
.J
17.3

1
| FEEDER
| LIVESTOCK
1

OTHER
LIVESTOCK

OTHER
CURRENT
OPERATING
EXPENSES

FARM
MACHINERY
AND
EOUIPMENT
333.IQ

OTHER

1 TO
9

10 TO
24

25 TO
99

I

27.7
17.3
41.4
14.9

4.9
30.1
6.9
9.6

16.4
5.5
8.7
22.9

4.4
5.7
10.8
1.3

20.3
18.7
30.3
22.3

4.9
1.4
1.5
1. 1

7.0
3.5
3.0
3.2

5.9
6.6
7.4
7.6

36.6
40.6
54.4
44.4

1978-Q1___ .
J
-Q2--- .
1
-Q3--- 1
-Q4--- .
|

15.0
22.1
18.4
13.2

J
j
J
|

19.2
32.8
13.9
13.5

21.2
30.7
21.4
8.9

9.8
13.2
20.2
14.0

2.8
1.0
0.7
3.5

25.5
32.5
29.9
22.2

1.2
1.3
2.0
2.0

3.3
3.0
3.0
3.1

10.3
8.3
9.1
4.9

36.2
50.4
44.5
33.5

|
1979-Q1--- .
-Q2--- I
-Q3--- .
|
-Q4--- .
)

18.6
19.3
12.5
15.6

|
|
I
|

22.6
21.6
12.9
11.6

22-4
16.7
12.5
17.3

12-9
19. 1
12.9
16.7

4.5
14.6
2.2
3.0

24.3
22.2
15.2
31.3

4.3
3.7
2.1
2.2

3.2
6.6
5.2
9.1

9.7
8.9
7-3
11.9

41.3
44.5
26.7
26.8

1980-Q1....
-Q2---Q3---Q4---

i
.
1
|
I

16.5
26.8
20.7
21.6

1
I
i
|

16.3
19.9
19.4
23.0

8.7
16.4
23.2
26.1

18.8
29.8
16.0
19.3

3.6
14.6
10.6
15.7

28.7
39.3
33.9
27.0

4.0
7.1
7.0
9.0

5.4
20.9
8.7
13.6

6.0
18.2
13.2
15.9

36.3
38.7
39.9
34.2

1981-Q1---Q2--- i
-Q3--- 1
-Q4.... 1
1
1
1
1
1
1977-Q1---|
-Q2---- .
|
-Q3---- .
|
-Q4---- .

29.0
22.6
35.6
31.5

|
|
\
l

36.5
30.3
32.5
35.5

19.3
15.5
22.6
30.7

33.2
20.1
39.6
38.1

13-3
12.5
21.2
15.8

22.6
30.2
41.6
27.5

11.3
14.0
17.6
19.1

14.0
12.6
21.5
24.9

23.0
15.3
24.2
25.6

46.4
34.2
56.4
40.7

66.8
48.8
64.5
61.8

|
|
|
|

67.3
46.9
70.8
63.4

71.8
62.1
55.6
70.7

58.7
29.1
45.6
71.0

31.3
52.0
39.9
39.7

80.9
64.8
74.3
48.4

35.1
39.2
34.5
35.5

48.7
37.7
45.2
45.9

75.4
53.7
69.8
68.6

1978-Q1.... .
|
-Q2----Q3.... .
|
-Q4---- .
)

57.0
67.4
63.5
58.0

1
|
|
)

61.8
76.5
53.0
62.0

77.3
87.4
88.0
74.9

47.2
45.5
62.3
54.5

74.8
14.9
6.2
42. 1

54.6
80.5
82.8
53.6

38.6
34.7
38.1
41.9

45.1
43.3
47.0
40.4

63.6
74.9
69.1
64.4

|
1979-Q1.... .
|
-Q2.... .
-Q3---- .
|
]
-Q4.... .

61.4
70.8
65.5
68.0

J
|
|
|

76.3
66.3
74.3
69.0

82.4
92.7
81.4
79.7

59.7
70.9
61.1
63.0

59.1
82.8
28.8
50.4

44.7
62.3
59.8
70.8

45.2
47.8
46.1
49.3

57.2
53.3
50.7
54.0

63.7
78.2
75.1
73.6

.
1980-Q1.... .)
1
-Q2---- .
-Q3....
|
-Q4---- .
1
|
1981-Q1.... .
)
-Q2---- .
-Q3---“ Q4....
i
1
1
1
1
1977-Q1---- .
1
1
-Q2---- .
|
-Q3.... .
|
-Q4---- .
I
1978-Q1____ .
|
)
-Q2.... .
-Q3.... .J
-Q4---- .
|

68.3
80.0
74.7
74.1

|
|
|
|

86.1
54.6
88.6
76.7

71.2
63.2
84.3
90.1

61.0
79.9
49.4
71.2

31.8
63.3
76.8
84.7

64.9
95.6
91.9
70.1

42.5
43.9
51.2
53.5

56.7
53.1
66.5
68.5

73.5
87.2
80.3
77.6

84.2
80.0
85.7
71.7

|
|
(
J

92.1
87.1
95.7
80.4

69.4
51.0
59.7
91.7

81.6
75.9
83.2
77.5

69.4
64.8
84.8
82.1

86.8
93.0
85.1
60.8

56.9
59.6
65.8
63.7

71.4
64.4
68.7
74.6

91.3
84.9
89.9
72.1

4.0
0.2
0.3
0. 1

5.0
0.7
0.4
0.7

0.7
1.0
0.3
0.6

0.0
15.2
0.0
6.8

0.1
0.2
0.9
0.6

0.3
0.2
0.5
0.4

3.0
0.9
3.0
0.3

3.3
3.1
0.0
1-5

2.9
2.7
0.8
1.0

0.1
3.2
1.3
6.7

3.7
2.4
1.3
8.2

4.5
7.9
1.0
1.8

2.7
5.6
5.6
7.9

3.0
19.1
6.0
11.3

1.4
14.1
6.7
9.4

11.8
8.8
12.5
9.2

9.7
12.6
16.1
17.9

10.9
10. 1
17.9
22. 1

17.7
11.0
18.3
20.1

23.7
9.8
9.2
19.6

333.3Q

OTHER

ALL BANKS

|
|
|
|

333.2Q

SI2E OF BANK

100 “ f
AND
1 LARGE**
OVER
1
1

1
1
J
1
1
1
i
1
1
1
1
1
i
1
1
1
1
1
1
1
1
1
1
1
1
|

66.8
48.8
64.5
61.8

2-3
2-3
0.3
1.5

57.0
67.4
63.5
58.0

1.6
1.0
1.4
0.6

61.4
70.8
65.5
68.0

2.9
3.8
1.1
5.0

68.3
80.0
74.7
74.1

4.6
11-5
7.8
9.4

84.2
80.0
85.7
71.7

17.1
10.7
15.7
19.9

LARGE BANKS**
1
1 27.4
1 33. 1
1 26.5
i 27.8
1
1 26.3
1 24.6
1 29.1
1 34.1
1
1 38.1
1 29.0
1 30.5
1 38.2
1
1 37.0
1 38.7
1 37.4
1 45.1
1
1 47.6
1 53.6
1 56.4
1 53.3
1 .

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

OTHER BANKS

2.3
2.3
0.3
1.5

|
i
|
|

4.3
0.0
0. 1
0.9

0.8
14.9
0.0
0.0

3.1
0.8
0.3
0.3

3.7
0.6
0.5
0.2

0.0
0.4
0.6
6.3

1.6
1.0
1.4
0.6

1
I
|
|

0.2
0.0
0. 1
1.0

0.0
0.0
1.0
0.0

3.6
0.3
3. 1
0.5

0.0
0.0
0.0
0.0

0.1
4.4
0.1
0.8

1979-Q1.... ,
|
-Q2.... ,
|
-Q3....
|
-Q4.... ,

2.9
3.8
1.1
5.0

|
|
|
J

2.8
7.3
0.3
3.5

1.6
0.0
0.0
1.0

1.1
4. 0
2.0
7.5

1.7
2.5
0.7
0.2

8.2
0.2
1.4
9.5

1980-Q1.... .J
1
-Q2.... .
)
-Q3.... .
-Q4.... .)

4.6
11.5
7.8
9.4

|
|
|
J

0.6
15.8
2.5
11.1

2.6
3.6
4.0
10.0

9.2
11.4
9.4
9. 1

2.0
11.5
3.6
9.6

1.9
4.4
14.0
7.1

1
1981-Q1......
-Q2.... .
|
(
-Q3---- .
|
-Q4.... .
-i

17.1
10.7
15.7
19.9

|
|
|
|

18.3
10.7
6.3
24. 1

10.1
8.6
9.0
19.0

24.7
11.6
23.0
28.2

6.6
5.8
11.6
10.3

3.9
11.7
11.4
10.3

1
1
1
1
1
1
1
1
1
1
I
1
1
1
1
1
1
1
1
1
1
1
1
1
1
_L_.

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
_L

* PERCENTAGE OF AMOUNT OF LOANS MADE.
A FLOATING RATE IS TIED TO SOME OTHER RATE (SUCH AS THE PRIME RATE OR A MARKET INTEREST
HATE), AND NEITHER THE BANK NOR THE BORROWER KNOWS THE EXACT RATE OF INTEREST TO BE CHARGED OVER THE LIFE OF THE LOAN.
** "LARGE BANKS" ARE BANKS IN SURVEY STRATA 1-3, CORRESPONDING APPROXIMATELY TO BANKS WITH OVER $450 MILLION IN TOTAL ASSETS
AS OF DECEMBER 1980.
FOR ADDITIONAL INFORMATION, SEE NOTES TO STATISTICAL RELEASE E.2, FEDERAL RESERVE BOARD.




36
SURVEY OF iEfiMS OF BANK LENDING TO FARMERS (NON-REAL-ESTATE LOANS HADE DOBING FIRST WEEK OF MIDDLE MONTH OF QUARTER)
AVERAGE MATURITY OF LOANS MADE (MONTHS) *

TABLE 334Q

PURPOSE OF LOAN

1
I
QUARTER
1 ALL LOANS
1
1
1
1
1
1
1
1977-Q1.... .j
10.9
- Q2 . .. ..|
8.3
-Q3--- .|
7.0
-Q4--- .]
9.4
1978-Q1___
-Q2---Q3---Q4---

FEEDER
LIVESTOCK

OTHER
LIVESTOCK

OTHER
CURRENT
OPERATING
EXPENSES

AMOUNT OF LOAN

FARM
MACHINERY
AND
EQUIPMENT

OTHER

334.1Q

|

1 TO
9

I
I

10 TO
24

25 TO
99

100
AND
OVER

SIZE OF BANK

|
1
| LARGE**
|
1
I
1

OTHER

ALL BANKS

6.0
6.7
6.0
6.8

19.2
6.5
7.4
5.7

6.9
6.5
5.3
5.6

16.6
16.5
8.5
12.5

13.0
10.4
12.0
18.4

9.1
8.1
6.9
8.0

8.8
7.9
10.1
8.3

16.3
8.9
7.1
13.6

7.7
7.8
5.6
7.4

5.1
6.1
5.6
5.8

12.4
8.9
7.9
10.6

.|
.|
.|
.(

10.0
9.1
6.6
7.4

6.1
5.3
5.0
6.8

6.5
5.9
6.6
6.6

9.9
6. 1
5.3
6.2

18.3
17.8
20.4
16.2

8.7
15.9
6.1
7.1

7.8
8.7
7.5
7.5

11.3
7.6
6.6
8.9

11.2
10.2
8.7
7.3

9.6
9.1
4.5
6.6

6.7
10.1
4.4
5.2

11.0
8.6
7.5
8.0

1979-Q1.... .1
-Q2--- .J
-Q3--- .1
-Q4--- .(
1
1980-Q1.... .|
-Q2---- . |
-Q3--- .|
-Q4--- .1

7.8
7.5
6.2
6.9

6.8
5.5
5.3
5.8

7.8
6.3
6.0
7.2

6.7
6.0
5.1
6.2

17.9
11.7
14.0
14.1

6.6
14.1
6.7
8.8

8.4
8.1
6.9
7.3

10.7
8.5
6.6
7.1

8.0
9.1
6.8
7.2

5.5
5.2
4.3
6.4

5.3
5.4
4.6
5.6

8.6
8.2
6.5
7.1

7.2
6.6
7.8
7.3

6.6
5.0
8.3
6.0

6.5
6.6
7.7
7.6

6.9
6.2
4.9
7.9

12.7
12.6
22.6
9.8

5.6
6.8
7.8
6.2

8. 1
6.4
6.1
6.7

7.6
6.1
7.1
7.1

6.3
6.5
9.4
6.1

7.0
6.8
7.5
8.5

5.6
8.0
5.9
6.2

7.6
6.1
8.2
7.5

1981-Q1--- .1
-Q2----.|
-Q3---- .1
-Q4---- .1
I
I
|
I.
1
1977-Q1..* ..|
-Q2... ..|
-Q3... ••1
—Q4...
1
1978— Q1...
-Q2. .•
-Q3...
-Q4. ••..|
1
1979-Q1...
-Q2...
-Q3- ....|
.
— Q4.•.

6.2
6.8
5.0
5.8

7.2
5.3
4.5
5.6

4.9
8.0
5.4
6.4

6.2
6.2
4.5
5.2

10.8
13.5
12.1
7.4

4.2
6.5
4.2
5.4

6.4
6.8
5.6
5.8

6.2
6.4
5.2
7.3

6.3
6.5
5.7
5.6

6.1
7.2
4.1
5.3

5.8
7.5
3.6
4.9

6.3
6.7
5.4
6.0

7.4
6.4
4.9
6.1

7.0
6.6
5.4
4.6

7.6
5.9
5.0
5.3

4.3
6.0
5.7
6.0

6.7
6.5
5.7
5.3

6.2
7.2
5.5
6.0

6.4
6.3
5.2
6.0

6.8
11.2
4.2
5.0

7.4
7.0
5.2
5.3

7.5
6.8
5.3
5.1

5.8
6.2
5.5
7.8

5.0
5.0
4.1
5.1

7.9
6.5
5.8
5.2

7.0
5.7
5.2
5.5

5.9
5.6
5.4
4.7

5.4
8.5
6.1
6.7

5.8
6.5
5.4
5. 1

6.2
7.3
5.7
5.2

5.4
6.1
5.6
6.6

5.9
7.7
3.2
4.5

9.2
8.2
7.0
8.0

8.9
8.0
10.6
8.6

17.4
9.4
7.6
15.2

11.9
11.5
5.3
9.3

7.9
8.8
7.6
7.6

11.8
7.6
6.7
9.1

12.3
11.0
9.3
7.5

12.5
5.8
5.1
8.2

8.4
8.2
7.0
7.4

10.9
8.6
6.8
7.2

8.3
9.6
7.0
7.1

6.4
5.4
4.5
7.1

8.1
6.4
6.1
6.7

7.6
6.1
7.2
7.2

7.0
6.6
9.9
6.3

8.5
5.1
8.8
9.4

6.5
6.8
5.6
5.9

6.3
6.4
5.1
7.4

6.4
6.5
5.7
5.5

6.2
7.0
5.2
5.8

1980-Q1...
-Q2.•.
-Q3. ....1
-Q4.••
1981-Q1. ....!
.
-Q2...
-Q3...
-Q4...
1
1
1
1
r
1977-Q1...
-Q2...
-Q3. •...|
-Q4. •.
1978-Q1...
-Q2. ..
-Q3. .•..|
-Q4. •.
1979-Q1...
-Q2...
-Q3. • •
.
— Q4...
1
1980-Q1___ ..|
-Q2...
-Q3...
-Q4.•• ..|
J
1981-Q1___
-Q2. .. ..|
.
-Q3....,.|
— Q4--_1

334.2Q
5.1
6.1
5.6

5.2

4.6

5.9
6.2
5.8

1
i
1
1
1
)
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

4.6
5.2
5.5
5.0

6.5
5.7
6.0
5.1

4.2
6.3
3.9
5.1

14.6
9.3
5.8
10.1

6.4
6.4
7.4
7.4

4.8
4.5
3.9
4.1

5.8
3.0
7.1
5.0

6.9
5.2
4.0
4.3

13.2
21.9
9.6
24.8

7.4
26.0
4.2
6.5

4.4
4.6
3.8
3.0

7.1
6.2
5.2
4.4

5.9
5.4
4.1
5.7

12.9
5.2
12.5
23.5

4.5
6.4
5.6
7.2

4. 1
4.2
4.0
5.9

5.9
8.3
8.1
6.6

6.5
8.8
4.5
5.2

22.5
7.3
7.1
11.6

4.5
8.8
8.8
6.7

6.7
4.9
2.7
4.7

5.6
4.9
3.9
8.3

5.7
6.3
4.0
5.4

7.2
40.9
10.5
8.0

4.8
6.1
2.8
3.8

334. 3Q

7.9

7.5

6.5
7.6
7.5
6.7
5.4

1
1
1
1
1
I
1
1
1
1
1
1
1
1
1
1
1
1
J
1
1
1
1
1
1
1

J
_

LARGE BANKS**
I
I
I
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
i
___L_

1
I
1
i
1
1
1
J
1
1
1
1
1
1
1
1
1
1
1
1
J
1
1
1
1
1

OTHER BANKS

6.7
7.5
6.8
7.4

20.3
6.9
7.6
5.7

7.7
6.5
5.7
5.8

16.7
17.3
9.5
12.6

15.1
11.9
15.0
24.4

6.9
6.2
5.6
7.6

6.8
7.5
6.5
6.8

10.5
6.3
5.8
6.7

18.5
17.5
21.8
15.6

9.6
10.6
7.0
7.4

7.6
5.9
5.9
6.2

8.0
6.3
6.2
8.1

6.9
6.2
5.3
6.3

18.1
12.9
14.0
13.5

7.9
17.4
7.0
9.6

8.0
5.2
9.6
6.1

6.6
6.3
7.6
7.9

6.9
5.3
5.0
8.3

12.2
12.8
24.2
9.6

6.7
5.7
7.3
6.0

7.3
5.4
5.1
5,7

4.7
8.6
5.9
6.0

6.2
6.2
4.7
5. 1

11.2
10.5
12.3
7.3

4.0
6.6
4.8
6.1

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

_ J
__

1
1
1
1
1
1
1
1
1
1
1
1
1
1
J
1
1
1
1
1
i
1
J
1
1
1

* AVERAGE MATURITY OF NONDEMAND LOANS, HITH EACH LOAN HEIGHTSD BY IIS DOLLAR AMOUNT.
** "LARGE BANKS" ARE BANKS IN SURVEY STRATA 1-3, CORRESPONDING APPROXIMATELY TO BANKS HITH OVER $450 MILLION IN TOTAL ASSETS
AS OF DECEMBER 1980.
FOR ADDITIONAL INFORMATION, SEE NOTES TO STATISTICAL RELEASE E.2, FEDERAL RESERVE BOARD.




37
SURVEY Of TERMS OF BANK LENDING TO BARKERS (NON-REAL-ESTATE LOAMS HADE BORING FIRST REEK OF MIDDLE MONTH OF QUARTER)
TABLE 335Q

AMOUNT, NUMBER, AND AVERAGE AMOUNT OF LOANS MADE

1
i
QUARTER

| ALL LOANS |

1
1
1

AMOUNT OF LOAN

PURPOSE OF LOAN

1
1
1 FEEDER
1 LIVESTOCK
1

OTHER
LIVESTOCK

OTHER
CURRENT
OPERATING
EXPENSES
335.1Q

FARM
MACHINERY
AND
EQUIPMENT

SIZE OF BANK

Too
1 TO
9

OTHER

10 TO
24

i

25 TO
99

AND
OVER

| LARGE*
|

OTHER

J

AMOUNT OF LOANS MADE (MILLIONS OF DOLLARS)

1977-Q1....
"Q2....
-Q3....
-Q4....

i
1
|
i

823.
925.
872.
709.

|
j
|
j

114.
156.
279.
170.

125.
124.
47.
85.

292.
330.
326.
233.

114.
91.
71.
64.

175.
171.
136.
155.

172.
197.
163.
146.

145.
213.
158.
137.

253.
286.
232.
197.

253.
229.
320.
228.

167.
218.
305.
185.

657.
707.
568.
523.

1978-Q1....
-Q2....
"Q3....
-Q4....

1
)
|
i

797.
995.
825.
949.

|
|
|
|

168.
235.
246.
380.

48.
86.
62.
104.

303.
359.
341.
293.

105.
83.
58.
76.

163.
208.
117.
95.

162.
186.
159.
135.

169.
175.
151.
187.

219.
256.
239.
327.

247..
379.
276.
301.

192.
316.
227.
208.

604.
679.
598.
741.

1979-Q1....
-Q2....
-Q3....
“Q4....

1
|
|
|

968.
1057.
818.
1197.

j
|
|
|

304.
268.
218.
499.

84.
128.
92.
72.

292.
426.
331.
387.

76.
112.
53.
SI-

212.
123.
124.
153.

154.
201.
151.
160.

160.
181.
126.
184.

321.
324.
267.
416.

333.
351.
273.
436.

260.
246.
144.
202.

708.
812.
673.
995.

1980-Q1....
-Q2....
-Q3....
-Q4....

|
|
I
|

1142.
1211.
948.
1301.

|
|
|
|

303.
392.
203.
337.

118.
67.
85.
81.

472.
452.
390.
533.

103.
67.
71.
130.

126.
233.
198.
220.

149.
164.
146.
191-

177.
168.
182.
217.

406.
303.
290.
387.

410.
577.
330.
506.

213.
271.
182.
246.

929.
940.
766.
1056.

1981-Q1....
-Q2....
-Q3....
-Q4 .........

|
|
i
|

1083.
1419.
918.
1261.

|
]
|
|

183.
296.
253.
239.

64.
119.
58.
91.

523.
664.
451.
456.

88.
124.
58.
89.

219.
206.
98.
350.

148.
188.
145.
157.

166.
236.
143.
180.

354.
402.
262.
360.

415.
593.
367.
565.

192.
244.
262.
281.

892.
1175.
656.
980.

335.2Q

NUMBER OF LOANS MADE

THOUSANDS)

1977-Q1.....
-Q2....
-Q3....
-Q4....

|
1
|
|

66.7
77.5
64.8
53.8

1
|
|
|

6.2
8.5
8.8
9.8

8.4
9.1
6.5
6.5

30.1
40.3
32.7
21.8

11.5
11.2
8.6
7.3

10.3
8.4
7.8
8.4

49.8
56.5
47.9
39.1

9.9
13.8
10.8
9.6

6.1
6.3
5.3
4.2

0.9
1.0
0.8
0.8

3.2
4.3
3.8
3.1

63.5
73.3
61.0
50.7

1978-Q1----Q2....
-Q3....
-Q4....

|
J
1
|

64.8
70.0
63.4
58.3

i
|
|
|

10.5
10.3
10.7
14.6

6.1
7.7
4.9
5.6

30.0
33.7
34.5
24.1

9.3
10.0
5.9
7.8

8.6
7.9
7.4
6.0

46.8
51.0
46.0
36.8

11.4
11.7
10.1
12.6

5.4
6.0
6.3
7.4

1.2
1-3
1.0
1.4

3.8
4. 4
3.4
3.3

61.0
65.6
60.0
55.0

1979-Q1....
-Q2....
-Q3....
-Q4....

|
1
1
1

62.5
74.3
59.2
65.9

|
|

10.9
10.8
6.9
11.1

6.2
6.6
5.3
5.6

26.8
41.5
32.4
33.0

8.1
8.9
6.9
9.0

10.5
6.5
7.6
7.0

43.1
53.5
42.8
42.5

11.2
12.3
9.0
12.8

7.0
7.0
5.9
8.5

1.3
1.5
1.5
2.1

3.4
4.1
3.3
3.1

59.2
70.3
55.9
62.8

1980-Q1....
-Q2....
-Q3....
-Q4....

1
1

63.9
64.7
60.1
72.1

|
)
|

9.6
8.7
7.8
12.2

6.5
5.0
4.7
6.1

30.8
37.8
33.2
32.9

8.7
7.6
5.4
12.8

7.7
5.5
8.9
8. 1

41.0
44.2
38.8
46.7

12.0
11.3
12.9
14.6

8.9
7.2
6.8
8.6

1.9
1.9
1.6
2.2

3.3
3.6
3.4
3.5

60.5
61.1
56.7
68.7

1981-Q1....
-Q2....
-Q3....
-Q4....

|
1
|

60.8
77.6
56.8
64.3

|
|
1
|

6.4
8-7
5.9
8.9

4.6
5.8
3.5
6.1

37.0
47.5
36.5
33.2

6.0
9.5
5.7
8.1

6.6
6.0
5.3
7.9

39.2
50.1
40.3
41.2

11.3
15.8
9.8
12.4

8.3
9.2
5.8
8.4

1.9
2.5
1.0
2.3

3.5
3.6
3.0
3.3

57.3
74.0
53.8
61.0

|
1

1

|
|

|

335.3Q

AVERAGE AMOUNT OF LOAN (THOUSANDS OF DOLLARS)

1977-Q1....
-Q2....
-Q3....
-Q4....

J
|
|
|

12.3
11.9
13.5
13.2

18.2
18.2
31.7
17.4

14.9
13.6
7.2
13.2

9.7
9.4
10.0
10.7

9.9
8.1
8.3
8.8

17.0
20.3
17.4
18.5

3.5
3.5
3.4
3.7

14.7
15.4
14.6
14.2

41.3
45.2
43.9
47.0

282.0
238.1
391.2
287.5

52.3
50.9
79.6
59.8

10.3
9. 7
9.3
10.3

1978-Q1....
-Q2....
-Q3....
-Q4....

|
1
J
1

12.3
14.2
13.0
16.3

16.1
22.8
22.9
25.9

7.9
11.2
12.8
18.4

10.1
10.7
9.9
12.1

11.2
8.3
9.9
9.8

19.1
26.3
16.0
15.9

3.5
3.6
3.5
3.7

14.9
14.9
14.9
14.8

40.2
42.5
38.1
44.2

203.2
300.7
274.0
213.5

50.4
72.4
66.5
63.5

9.9
10.3
10.0
13.5

1979-Q1....
-Q2....
-Q3....
-Q4....

|
|
|
|

15.5
14.2
13.8
18.2

27.8
24.7
31.5
44.8

13.4
19.5
17.4
13.0

1C.S
10.3
10.2
11.7

9.4
12.6
7.6
9.0

20.2
19.0
16.3
21.8

3.6
3.8
3.5
3.8

14.3
14.7
14. 1
14.4

46.2
46.2
45.0
48.7

253.6
237.6
186.6
209.4

76.9
60.3
43.8
65.1

12.0
11.6
12.0
15.8

1980-Q1....
-Q2....
-Q3....
-Q4....

|
|
|
|

17.9
18.7
15.8
18.0

31.7
45.3
25.8
27.5

18.3
13.5
18.1
13.3

15.3
12.0
11.8
16.2

11.8
8.8
13.1
10.1

16.4
42.0
22.3
27.3

3.6
3.7
3.8
4. 1

14.8
14.8
14.1
14.9

45.5
42.1
42.6
44.8

212.4
296.2
209.6
234.4

64.0
76.3
53.3
71.1

15.3
15.4
13.5
15.4

1981-Q1....
-Q2----Q3....
-Q4....

)
|
|
|

17.8
18.3
16.2
19.6

28.8
34.1
43.1
26.8

13.8
20.5
16.7
15.0

14.1
14.0
12.4
13.7

14.6

33.0
34.4
18.3
44.5

3.8
3.8
3.6
3.8

14.7
14.9
14.6
14.5

42.5
43.7
45.3
43.0

223.9
238.3
382.6
245.6

55.0
68.4
86.2
85.0

15.6
15.9
12.2
16.1

13.1
10.3
11.1

* "LARGE BANKS" ARE BANKS IN SURVEY STRATA 1-3, CORRESPONDING APPROXIMATELY TC BANKS H U H OVER *450 MILLION IN TOTAL ASSETS
AS OF DECEMBER 1980.
FOR ADDITIONAL INFORMATION, SEE NOTES TO STATISTICAL RELEASE S.2, FEDERAL RESERVE BOARD.




38
Appendix Table 1.

Average interest rates on business and farm borrowings (percent)

1---------- [
1
I
1
Prime
1
Quarter 1 4-6 month i
1commercial I
1
paperl 1
1
1
I
1

Business loans
at banks^
Prime
rate,
large
banks

| Short-term
Average, I farm loans,
all
|
Ninth
banks3 | District^

1 ------------| Farm Credit System?
Farm loans at banks
i
Federal
Feeder
Non-real--estate farm loans, I Production
Land
j
Credit
United States^:,3
cattle
Banks
(Associations
loans,
All
Seventh
Large
Other
i
District^
banks
banks
banks^
i

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
-Q2
-Q3
-Q4

12.7
14.9
8.3
12.3

15.25
17.5-18.5
11.00
14.5-15.5

15.7
17.8
11.6
15.6

13.6
16.4
15.3
14.0

13.5
17.0
14.0
14.3

16.0
18.5
12.8
16.3

13.7
17.1
13.7
15.3

14.1
17.4
13.5
15.5

12.1
13.8
13.4
12.2

9.8
10.6
10.6
10.3

1981-Q1
-Q2
~Q3
-Q4

15.1
14.2
16.1
14.7

19.5-20.0
19.0
20.5
17.5-18.0

19.8
19.9
21.0
17.4

17.6
17.0
18.0
18.9

17.3
16.5
17.7
18.6

19.9
19.5
20.8
18.9

17.5
17.5
19.1
18.7

17.9
17.9
19.6
18.8

13.1
14.4
15.2
15.9

10.6
10.9
11.4
11.7

\J Average, first month of quarter.
I f First full business week of second month of quarter.
3/
4/
5/
6/
7/

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 $450 million in total assets in 1981.
Unweighted average of quoted rates, first day of quarter (calculated by the authors). Stock"purchases and
loan fees required of borrowers from these cooperatives are not taken into account in the rates shown.