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E. 15(125) AGRICULTURAL FINANCE DATABOOK December 1982 Emanuel Melichar Paul T. Balides Quarterly Series Division of Research and Statistics Board of Governors of the Federal Reserve System Washington, D.C. 20551 2 AGRICULTURAL FINANCE DATABOOK— QUARTERLY SERIES SECTION 100 PAGE Outstanding farm debt. ....... ................. 111 112 200 3 Total debt Real estate and non—real—estate debt Farm lending operations of nonbank institutions....•• 8 210 220 230 300 Production credit associations Federal land banks Life insurance companies Farm lending and credit conditions at banks..........34 330 Terms of bank lending to farmers 331 332 333 334 335 340 Average effective interest rates Average effective interest rates compared Percentage of loans with floating rat^s Average maturity of loans Amount, number, and average amount of loans Agricultural credit conditions at rural banks Surveys made by the Federal Reserve Banks of— 341 342 343 344 345 Chicago Minneapolis Kansas City Dallas Ri chmond The mailing list for this publication (Statistical Release E.15) is maintained by: Publications Services Federal Reserve Board Washington, D.C. 20551 When sending us a correction or change of address, please enclose a copy of the back cover of this issue. 3 100 Outstanding farm debt 111 Total debt 1 1 1 . I S Aaount............................................................................................................... ............................................................................................................... 1 1 1 . 26 Change fr oa previous quarter................. ............................................................................................................................. 11 1 .3 6 Percentage change fros previous q u a r t e r * . . . . . . . . . . ............ ............................................................. 1 1 1 .4 6 Change f r o i previous y e a r . . . . . . ...................................................... ...................................................................................... .. 1 11.5 6 Percentage change froa previous y e a r . . . ................................................................................................................... .. 1 11.6 8 Percentage d i s t r i b u t i o n . . . ................................................................... ............................................ 112 4 4 4 5 5 5 Real estate and non—real-estate debt to reporting lending institutions 1 1 2 .1 8 Aaount............ ................................................................................................................................................................................................................. 6 112.28 112.36 112.48 6 Change froa previous q u a r t e r . . . . . . . . . ................................................................................................................ .. Percentage change froa previous q u a r t e r . . . . . . . ..................................................................................... ... 6 Change froaprevious year............................................. ............................................................................................................................ 7 Percentage change froa previous y e a r . . . . . . . . . . . . . . . . . . . . . . ......................... 7 Percentage d i s t r i b u t i o n . . . . . ............ ................................................................................................................................................... 7 112.58 112.68 Sources 8uarterly reports of co n ditio n , a ll insured coaaercial banks; “ Production Credit Associations—Selected aonthly loan d a t a ," Supervisory D iv is io n , Fare Credit Ada in is tra tio n (a g ricu ltu ra l loans o n l y ); “ Federal Land” Banks—Suaaary of selected aonthly loan d a ta ," Technical Services D iv i s i o n , Fara Credit A d a in is tra tio n (a gricu ltu ra l loans o n ly ); "Fara Credit Systea Loan O p e ra tio n s ,” Bank Services D i v i s i o n , Fara Credit A d a in is tr a tio n ; *6ross Flow of Mortgage Loans in the United S ta t e s ," Aaerican Council of L i f e Insurance; Finance O f f i c e , Faraers Hoae A d a in is tr a tio n , U .S . Departaent of Ag ricu ltu re ; Econoaic Research Service, U .S . Departaent of A gricu lture (data for Coaaodity Credit Corporation and “ in d iv id u a ls and others" o n l y ) . Notes In Table 1118, debt held by "in div idu a ls and others" r e fl e c t s recent revisions in these USDA estiaates as a re s u lt of new benchaark in fo ra a tio n froa the 1979 Fare Finance Survey conducted by the Bureau of the Census. For additional i n fo ra a tio n , see "Agric ultural Finance—Outlook and S i t u a t i o n ," AFO-23, Econoaic Research Service, U .S . Departaent of A g ric u ltu re , Deceaber 1982. 4 TABLE 1110 FARM DEBT OUTSIANDINb TOTAL DEBT END OF QUARTER | | TOTAL INDIVIDUALS ANO OTHERS REAL ESTATE N O N -R EALESTATE TOTAL REAL ESTATE NON-R e A L-| ESTATE 1 _L 111.10 1 9 7 6 - 0 4 , . . | 104060. 56187. 43872. 26853. REPORTING LENDING i n s t i t u t i o n s 1 1 1 TOTAL INSURED C00PERA1IVE LIF E COMMERCIAL FARM INSURANCE BANKS CREDIT COMPANIES SYSTEM FARMERS HONE adminis t r a t io n COMMODITY CREDIT CURPURAI1DN AMOUNTS IN MILLIONS OF DOLLARS 18864. 9989. 1 1 I 1 1 1 1 1 f l 1 1 1 1 1 I 1 1 1 1 1 1 1 1 1 1 1 752 07 . 29918. 31091. 7400. 5758. 1040. 77663. 83426. 86992. 89068. 30644. 32964. 33877. 33434. 32266. 34334. 35353. 35290. 7615. *1 1 6 . 6 452. 8819. 5893. 653 9. 663 2. 6 96 4. 124 4. 14 75. 247 6. 4 54 0. 9 1395. 96618. 100437. 103260. 33322. 35182. 36472. 36647. 35976. 37694. 39394. 4 0080. 9163. 969 1. 10095. 10478. 8 052. 960 9. 10435. 10388. 486 0. 4243. 4 041. 5666. 106640. 114301. 117724. 121162. 36600. 36397. 39508. 39558. 41650. 445 39 . 46505. 48436. 10907. 11461. 11842. 12165. 11385. 14416. 15798. 15932. 6098. 54*9. 4 o 7 l. 5070. 1260 20 . 131447. 132533. 134562. 36999. 39491. 4 00 84 . 40087. 51264. 54631. 55537. 56479. 12415. 1*725. 12800. 12928. 17737. 19461. 20009. 2 00 90 . 558o. 5139. 4 103. 4978. *************************** *************************** *************************** 202486. 105804. 96682. 9 ** ********* ******** *** ***** i 140176. *************************** i 146097. ******************* ******** i 149354. 50550. 31770. 18780. i 151936. 39802• 4 1605. 4 1 9 65 . 41144. 59500. 6 3364. 6 5415. 6 5632. 13028. 13002. 13106. 13059. 2 2 10 1. 24309. 2 46 62 . 2 4094. 5746. 3 o l7 . 4 206. *0 0 6 . *************************** ************* ************** *************************** * ************ **** * ** ******* ******************* *** ** *** i 156874. *************************** i 161926. ** ***************** *** ***** I 164305. 51530. 32000. 19530. i ******* 416 08 . 44205. 4 55 24 . 66664. 69152. 69787. ******* 12974. 12967. 12906. ******* 24132. 2 52 56 . 2 5*40. ******* 11496. 10347. 10748. 1 9 7 7 -0 1 . ..| - 0 2 ...1 -0 3 ...| -0 4 ...| *************************** *************************** * * * * * * * * * * * * * ************** 122647. 63 336. 59311. 1 9 7 8 -0 1 .. .1 —Q2 . . . 1 -Q 3 ...I -0 4 ... | * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * ******** *************************** 141195. 71786. 69409. ******************* *** ***** 37935. 23638. 14297. 1 9 7 9 -0 1 . .. | - 0 2 ...1 -Q 3 ...I -0 4 ...| *************************** ************* ************** ************* ************** 165652. 85259. 80393. *************************** *************************** *************************** 4 44 90 . 27880. 16610. 1980—Q 1 . . . I - 0 2 ...1 -0 3 ...1 -0 4 ... | *************************** ************* ************** *************************** 182463. 96205. 86258. *********** ******** *** ***** *************************** ******************* ******** 479 01 . 30180. 17721. 1961—0 1 . . . 1 -Q 2 . . . I -0 3 ...1 -Q 4 ...I 1 9 8 2 -Q 1 ...I - 0 2 ...1 -Q 3 ...I -0 4 ...| * * * * * * * * * * * * * * * * * * * * * * * * * * * *************************** * * * * * * * * * * * * * * * * * * * * * * * * * * * 33579. 2 1335. 12244. 1 1 ******* * * * * * * * _ L CHANGE FROM PREVIOUS QUARTER* M ILLIONS OF DOLLARS 111.20 * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * 1 ** * 1 * * * | * * * | * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * 1977—Q l . . . | - 02. . . | -0 3 ...1 -0 4 .. . | 1978—C l . • • - 02. . . -0 3 ... -0 4 ... * * * * * * * * * * * * f t 1 9 7 9 -0 1 . .. | *************************** - 02. ..I *************************** —0 3 . . . 1 * * * * * * * * * * * * * * * * * * * * * * * * * * * -0 4 ...I *************************** 1 9 8 0 -0 1 ...| - 0 2 ...1 -C 3 ...I - 0 4 . ..1 *************************** *************************** *************************** *************************** *************************** ******************* ******** *************************** ******************* ******** * * * * * * * * * * * * * * * * * * * * * * ** *** *************************** *************************** *************************** 1961—Q l . • • 1 * * * * * * * * * * * * * * * * * * * * * * * * * * * - 0 2 . . . 1 *************************** -0 3 ...1 - 0 4 . . . 1 *************************** *************************** ******************* ******** *********** **************** *************************** *************************** *************************** *************************** *************************** *************************** *************************** •************************** 1 9 8 2 -0 1 * ..1 -Q 2 . . . I -0 3 ...1 -0 4 ...| * * * * * * * * * * * * * * * * * * * *** *•• ** 1 1 1 .30 ************************* ************************* 1 9 7 7 -0 1 ...1 -0 2 . . . 1 -0 3 ...1 - 0 4 . . .| ************************* 1 9 7 8 -0 1 ...1 - 0 2 ...1 -0 3 ...1 -0 4 .. . | ************ ************* ************************* ************************* ************************* 1 9 7 9 -0 1 ...| - 0 2 ...1 -0 3 ...| - 0 4 . . .1 ************************* ************************* ************************* ************************* * *****************•** **** * * * * * * * * * * * * * * * * * * ******* ****************** ******* ************************* ************************* ************************* ************************* ************************* ****************** ******* ****************** ******* ************************* 1980—Q l . . . | - 02. . . | -0 3 ...| -0 4 .. . | ************************* **************>** ********* ************************* ************************* ****************** ******* ****************** ******* ************************* ************************* 1981—01 . . . I - 0 2 ...1 -0 3 ...I -0 4 ...| ************************* ************ ************* ************************* ****************** ******* ************************* ************************* ****************** ******* ****************** ******* ************************* ************************* ************************* ************************* | _____________ L ************************* ************************* ****************** ******* ************************* 1 1 1 1 1 f t 1 1 1 1 j 1 1 1 1 1 1 1 1 1 1 2457. 5764. 3565. 2076. 726. 2320. 913 . -4 4 3 . 1177. 206 6. 1019. -6 3 . 215. 501. 336 . 367. 135. 646. «.93 . 152 . 204. 231. lo o 3 . 2062. 2327. 5223. 3 81 9. 2823. - 112 . 1860. 1290. 175. 686. 1916. 1500. 687. 364. 507. 404. 3 83 . 10 66. 1557. 826. -4 7 • 3 20 . -6 A 7 . - 202. 1625. -4 7 . 1797. . 50. 1569. 288 9. 1966. 1931. 429. 553. 3 82 . 3 23 . 997. 3 03 1. 1382. 134. 432. -6 0 9 . -1 4 1 8 . 999. 485 9. 5427. 1086. 2029. -5 5 9 . 492. 593. 3. 2647. 3348. 906. 942. 2 50 . 3 10 . 75. 128. 180 5. 1 724. 5 46 . 81. ' 5614. 5921. 3256. 2563. -2 6 5 . 1603. 3 o0. -6 2 1 • 3020. 3865. 2 05 1. 217. 10 0 . “ 2o. 10 *. 2 0 11. 2*08 • -4 7 . 353. —5®8. 766. -1 9 2 9 . 369. 3602. 1032. 2488. 635. ******* - 8. —6 1 . ******* 36. 1124. 84. ******* 3 46 6. -1 1 4 9 . 401. ******* 3381. 766 1. 3**23. 343 7. 4938. 5052. 2378. ******* 1111 464. 2597. 1319. *•*••*• -8 4 . 516. -4 4 7 . — 1030. 8 75 . PERCENTAGE CHANGE FROM PREVIOUS QUARTER ************************* ************************* 1982—Q l . • . 1 - 0 2 ...1 -0 3 ...1 -0 4 ...1 1 1 1 1 1 f t 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 1 1 _L 3 .3 7 .4 <*.3 2 .4 2 .6 5 .7 4 .0 2 .6 3 .3 / .2 3 .0 2 .9 4 .0 4 .3 2 .4 7 .6 2 .8 3 .8 6 .4 3 .0 2 .9 - 0 .2 1 .9 5 .3 4 .0 1 .7 4 .1 5 .5 4 .2 3 .8 - 0 .1 4 .9 2 .9 3 .9 0 .9 4 .4 4 .2 4 .1 5 .1 3 .3 2 .7 9 .6 *0 . 0 9 .0 2 .1 1 1.3 9 .7 0 .1 1 .5 0 .0 -0 .7 9 .5 0 .9 - 2 .0 5 .3 6 .5 -3.2 0 .3 1 .7 3 .2 3 .2 1 .5 ****** 4 .5 -1 .3 4 .2 4 .2 2 .2 1 1 .0 -0 .3 5 .6 3 .7 0 .5 5 .9 6 .5 1 .7 1 .7 0 .8 2 .3 6 .6 4 .1 4 .3 -1 .4 1 .3 1.5 1 .1 6 .2 3.0 ****** 1 .6 3 .7 0 .9 ••*••* 2 .5 0 .6 1 .0 - 0 .8 0 . 2, O .o -0 .4 —0 .o -0 .1 -0 .5 2 .2 1 5.3 1 9 .3 8 .6 -0 .4 O .b 1 9 .6 1 8 .6 od.w 0 3 .2 7 .0 -1 2 .7 -4 .6 4 0 .2 7 .6 -I t f .U -* 3 .8 * 4 .5 0 .4 lw . 2 —6 . 0 - 2 0 .2 2 1 .3 1 0 .0 1 0 .0 1 5 .4 -A 3 . 6 2 .8 1 .5 —*•3 0 .2 4 .7 0 .3 ****** 1 0 .2 9 0 .4 4 3 .6 —l o . u 3 .9 ****** 5 T\BLE 111Q (CONTINUED! FARM DEBT OUTSTANDING 1 TOTAL DEBT 1 1 I NON-REAL— 1 ESTATE | 1 1 1 END OF QUARTER IN DIVID UALS AND OTHERS I 1 TOTAL REAL ESTATE TO TAL REAL ESTATE J ----------------------------------------------------------------------------------L II I.A O 1 1977—Q l . . . | - 0 2 ...1 -Q 3 ...I -0 4 ...| | 1978—Q l . . . | - 02. . . I -0 3 ... | -0 4 ...| | 1 9 7 9 -0 1 ... | -Q 2 . . . | -0 3 ...| —0 4 . . . | 1 1 1 1977—Q l . . . | —Q2 •• •{ -0 3 ...| -0 4 ...| | 1978—Q l . . .1 -Q 2 . . . I -0 3 ...1 - 0 4 . . .| j 1 9 7 9 -0 1 ...| - 0 2 ...1 -Q 3 ...I “ 0 4 .• • I | 1980—Q l . ••| - 02. . . 1 -0 3 . . . | —Q 4 .. . | j 1 9 8 1 -0 1 ...| - 02. . . | -0 3 ...1 0 4 .• .| | 1 9 8 2 -0 1 . . . | -Q 2 . . . I -0 3 ... 1 -0 4 ...| 1. INSURED COOPERATIVE L IF E COMMERCIAL FARM INSURANCE 6 ANKS CREDIT COMPANIES FARMERS COMMODITY NON-REAL-1 TOTAL HOME CREDIT ESTATE | ADMINIS— CuRPOR— ____________ L . ------------------------------------------------------ . . S l S I f c M ___________________ -If t A lIU N -------6 J U U * ____ CHANGE FROM PREVIOUS YEAR, MILLIONS OF DOLLARS 1 1 *************************** *************************** ************* **** ********** 1 *************************** *************************** 1 *************************** 18587. 8148. 10439. 1 4726. 247 1. 2255. ( 10394. 12289. 13670. 13861. 4 10 0. 447 2. 4491. 3 516. 4101. 4 55 1. 4651. 4 20 0. 826. 1 136. 129 4. 1419. 5 48 . 860. 99 b . 12 2 b . 8 19 . 1270. 223 8. 350 0. *************************** *************************** *************************** 18548. 8451. 10098. 13732. 13191. 13*45. 14192. 2678. 221 8. 259 5. 3 213. 3710. 356 0. 4041. 4790. 156 6. 1 575. 1643. 1 65 9. 2159. 307 0. 3603. 3404. 3616. 2 7b8. 1563. 1126. 15245. 17683. 17288. 17902. 3 278. 3215. 3036. 2 911. 567 2 . 6645. 7 111. 8356. 172 4. 1770. 1747. 1687. 3 33 3. 4807. 536 3. 5544. 1238. . 30. -5 9 b . 19380. 17146. 14809. 13400. 2399. 1094. 576. 529. 9634. 10093. 9 03 2. 8043. 1507. 1264. 958. 763. 6352. 50*5 . 4211. 4158. -5 1 2 . -3 5 0 . 32. -9 2 . 14156. 14650. 17374. 803. 2114. 1 881. 1 057. 8 216. 873 3. 9878. 9 15 3. 613. 277. 300. 131. 4364. 4848. *053. *00* . 1 60 . -1 3 2 2 . 103. 303 0. 16698. 15629. 14951. ******* 1 806. 260 0. 3 559. ******* 716 4. 5 788. 4372. ******* -5 3 . -3 5 . - 200. ******* 2031. 9*7. 678. ******* 5/50. 6530. 65* 2. ******* 1 2 .2 1 0 .3 1 5.1 1 7.1 2 1 .3 192 .7 b l9 .5 V 3 2.5 3 3 6 .5 3b. b * 6 .9 5 2 .7 4 6 .7 2 9 0 .7 187 .7 6 3 .1 2 4 .8 4 1 .4 5 0.0 5 1 .4 5 3 .4 2 5 .5 2 9 .* 0 .7 -1 0 .3 5 5.8 3 5 .0 2 6 .7 2 6 .1 -8 .4 —6 .4 24. b 2 4 .9 2 3 .3 IV .9 2 .9 -2 5 .7 2 .5 6 0 .9 9 .2 3 .9 2 .7 ****** 171.1 1 5 5 .5 ****** 5 .5 *************************** *************************** *************************** 244 57 . 13472. 10984. 1 9 8 0 - 0 1 . . .| *************************** - Q 2 . . . I ********* ******** * ** * **** ** - 0 3 . . . 1 *************************** - 0 4 . . . | 16811. 10946. 5865. 1981—Q l . ••i - 0 2 ...1 -0 3 ...| -0 4 ...| j 1 9 8 2 -Q 1 ...| - 0 2 ...1 -0 3 ...1 -0 4 ...| 1. I REPORTING LENDING IN S TITU T IO N S 1 1 *************************** 1 *************************** 1 ******************* *** ***** 435 6. 2303 . 2053. 1 j 1 *************************** 1 ******************* *** ***** 1 *************************** 655 5. 424 2. 2313. 1 | 1 *************************** 1 *************************** 1 *************************** 341 1. 2300. 1111. 1 1 *************************** 1 *************************** *************************** 1 ********************** ***** *************************** 1 *************************** 20023. 9 59 9. 10424. 1 264 9. 1590. 1059. 16 8 2 0 . 1 1 ************* ************** 1 ******* **** ******** ******** *************************** 1 *************************** *************************** 1 *************************** *************************** 1 960. 230. 750. | 1 11.50 ************************* ************************* ************************* 1 7 .9 1 4 .8 2 1 .4 ************************* ************************* ************************* 1 5 .1 1 3 .3 1 7 .0 **************** *** ****** ************ ************* ************************* 1 7 .3 1 8 .8 1 5 .8 ************************* ************************* ************************* 1 0 .1 1 2 .8 7 .3 ************************* ************************* ************************* 1 1 .0 1 0 .0 1 2 .1 ************************* ****** ****** ************* ************************* ************************* 1 1 1 1 1 1 1 1 1 1 I I 1 1 1 I 1 1 1 1 1 1 1 I 1 1 1 1 1 1 1 1 1 1 1 PERCENTAGE CHANGE FROM PREVIOUS YEAR ************************* ************************* ****************** ******* 1 6 .4 13.1 2 2 .6 1 5 .5 1 7 .3 18.6 1 8 .4 1 5 .4 1 5 .7 1 5 .3 1 1 .8 1 4 .6 1 5 .3 1 5 .2 1 3 .5 * * ********** **** ** *** **** ************************* ****************** ******* 1 3 .0 10.8 16.8 1 7 .7 1 5 .8 1 5 .5 1 5 .9 8 .7 6 .7 7 .7 9 .6 1 1 .5 1 0 .4 1 1 .4 1 3 .6 2 0 .6 * ****** ***** ************* ************************* ************************* 1 7 .3 1 7 .9 1 6.2 16.7 1 8 .3 17.2 1 7 .3 9 .8 9 .1 8 .3 7 .9 1 5 .8 1 7 .5 1 8 .1 1 8 .8 1 8 .3 1 7 .3 2 0 .6 1 6 .1 ************************* ************************* **********6******* *** **** 7 .7 8 .2 6 .7 18.2 1 5 .0 6 .6 2 .8 1 3 .8 1 2 .6 1 1 .1 1 .5 1.3 2 3 .1 2 2 .7 1 9 .4 1 6 .6 ♦*♦***•*««♦************** ************************* ************************* 5 .5 5 .3 6 .0 1 2 .7 1 2.9 2 .6 1 6 .0 1 6 .0 1 7 .b 1 6 .2 1 1 .9 4 .5 1 2 .0 1 0 .8 1 0 .0 6 .2 9 .1 6 .7 ****** -0 .4 -0 .3 -1 .5 ****** 2 9 .9 7 .1 1 1 .2 1 1 .1 ********************* **** ************************* ************************* 1 .9 0 .7 4 .0 i 1 2 *6 1 11 .60 ****** 2 .1 5 .4 4 .7 8 .5 ****** 1 6 .3 1 8 .1 1 9 .2 1 9 .4 1 9 .* 1 8 .8 1 1 .0 8 .1 6 .3 4 .9 2 .2 2 .4 1 .0 0 .8 - 1 .8 1 0 0 .1 PERCENTAGE UF TOTAL 1 1 9 7 6 -0 4 ...! 1 0 0 .0 1977■. . Q1 i -Q 2 . -Q 3 . - 04 . ************************* ************************* ************************* 1 0 0 .0 5 1 .6 4 8 .4 ************************* ************************* ************************* 2 7 .4 1 7 .4 1 0.0 ******************************************************* *************** **************************************^ 01. ************************* ************************* ************ ************* 1 0 0 .0 5 0 .8 4 9 .2 ************************* **************** ** ******* 2 6 .9 1 6.7 10.1 ******************************************************* ******************************************************* ******************************************************* 1979— -Q 2 . -0 3 . -0 4 . Q I. ************************* ************************* 1980— 1978- - 02 . -Q 3 . -0 4 . - . 02 -0 3 . -Q 4 . 1981— - . 02 -0 3 . -0 4 . 5 3 .0 4 7 .0 2 7 .7 18.1 9 .6 ************************* 7 2 .3 2 8 .6 1 .0 ******************************************************* 7 2 .6 7 3.1 2 7 .3 2 6 .0 2 8 .6 2 8 .4 7 .2 7 .* 5 .7 7 .4 3 .7 4 .0 ************************* ******************************************************* ******************************************************* ****************** ******* 2 6 .9 16.8 1 0 .0 ******************************************************* 7 3 .1 2 3 .9 2 9 .2 7 .3 9 .b 3 .1 Q l •************************* ************************* ************************* 1 0 0 .0 5 2 .7 4 7 .3 ************************* ************************* ************************* ******************************************************* ************************** **********»*»»4Mi *♦**♦♦♦***♦** ******************************************************* Q l. ************************* ************************* ****************** ******* ************************* ************************* ************************* ****** ****** ************* 1 0 0 .0 5 1 .5 4 8 .5 ************************* 1 0 0 .0 5 2 .3 4 7 .7 2 6 .3 2 5 .0 16.5 1 5.7 9 .7 9 .3 0 1. ************ ************* — Q2* ************************* ************************* ************************* -Q 3 . —Q4., ************************* ******** *♦** ************* ************************* ************************* 1982- I 7 3 .7 2 2 .0 3 1 .0 7 .1 1 1 .0 2 .7 ******************************************************* ******************************************************* ******************************************************* 7 5 .0 2 0 .3 3 2 .4 6 .4 1 1 .9 4 .0 ******* **** **** ****************** **** ****************** ******************************************************* ******************************************************* ******************************************************* 6 TABLE 1120 FARM DEBT OUTSTANDING AT REPORTING LENDING INSTITUTIONS END OF QUARTER 1 1 I 1 1 TOTAL 1 1 1 1 1 REAL ESTATE DEBT 1 TOTAL INSURED COMMERCIAL BANKS FEDERAL LAND BANKS LIF E INSURANCE COMPANIES FARMERS | HOME | A D M IN IS -! TOTAL INSURED PRODUCTION FEDERAL FARMERS COMMUOITY COMMERCIAL CREDIT INIfcKMEDl— HuME CREDIT ASSUCIA— ATE CREDIT ADM I N I S - CORPDKBANKS IftAllQM. I -------------------------------IlQttS--------- BA SILS__ T R A T I O N 1 1 2 .1 0 1 1. 1 N O N -R EAL-ES T a T e DEBT - A lltM l AMOUNTS IN 1 MILLIONS OF DOLLARS 1 1 9 7 6 -Q 4 ...I 76207. I 36 323. 6712. 1 f 524. c 7400 • 3667. 36863. 23206. 12196. * 70 . 2071. 1 04 0. 1 9 7 7 -0 1 ...1 - 02. . . I -0 3 ...| - Q 4 * . #1 77663. 83428. 86992. 89068. | | | | 37688. 39 501. 40870. 4 20 01 . 6 97 7. 7342. 760 7 . 7730. 19331. 20190. 20874. 21466. 7 61 5. 8 116 . 845 2. 8 81 9. 3765. 36 5 3. 3937. 3965. 39976. 43927. 46122. 47067. 2 36 67 . 256 22 . 2 6270. 25 704. 12563. 13749. 140 6 9 . 13454. 3 54 . *95 . 6 iO . * 70 . 2 1 2 b. 4666. 2695. 2 99 9. Ic 4 4 • 1475. 2 67 8. 4540. 1 9 7 6 -Q l. . . I 91395. 96618. —Q2 . . . I - 0 3 . . . 1 100437. - 0 4 . . . 1 103260. | | | | 43428. 45274. 46924. 48148. 7902. 8189. 841 8. 8467. 2 2234. 23131. 23939. 24666. 9 18 3. 9 69 1. 10095. 10478. 4109. 4264. 4472. 4535. 47967. 51344. 53513. 55112. 25420. 26993. 26054. 26180. 13427. 14312. 14955. 14901. *17. 651. 500. 5 11 . 3 943. 5345. 596 3. 5855. 486 0. 4243. 4041. 5666. 1 9 7 9 -0 1 ...| -0 2 ...1 -0 3 ...| -0 4 . . . 1 1 1960—01•••1 -0 2 ... | -Q 3 ...I -0 4 ...1 106640. 114301. 117724. 121162. | | 1 | 50 574. 53458. 55708. 57 379. 850 4. 862 8 . 8695. 855 4. 25651. 27261. 2 6430. 2 9725. 10907. 11461. 11842. 12165. 5?12. 610*. 6740. 6934. 56066. 60643. 620 17 . 63783. 26096* 29769. 30613. 31004. 15361. 16688. 17452. 18045. 41b. 5 89 . 623. 666. 607 3. 6*06. 9 056. 6V9b. 6098. 548 9. 4071. 5070. 126020. 131447. 132533. 134562. | | | 1 60181. 62 894. 64495. 66025. 8 51 6. 8 436. 8488. 8 54 6. 31603. 3 3681. 34852. 36032. 12415. 12725. 12800. 12926. 7645. 6052. 8355. 8519. 65839. 68553. 68038. 68537. 30461. 3 10 55 . 31596. 31541. 18953. 20 1 9 5 . 19911. 19636. 7 2 /. 755. 7 74 . •1 1 . 1005V. 114U9. 11655. 11571. 558o. 5 1*9. 410 *. 4978. | | | | 1 1 9 8 2 -0 1 ...1 156874. I - 0 2 . . . | 161926. 1 - Q 3 . . . I 164305. 1 1 L 1 I 1. 1 1 2457. | 1 9 7 7 -0 1 ...| 576 4. | -C 2 ...I 3 56 4. | -0 3 ...1 207 6. | -0 4 ...1 • j 2 32 7. | 1 9 7 8 -0 1 ...1 522 3. | -0 2 ...| 3 819. | -0 3 ...1 -0 4 ...| 2823. 1 i 1 1 1 9 7 9 -0 1 ...| 3381. | 7661. 1 -0 2 ...1 -0 3 ...| 342 3. 1 -0 4 ...| 3437. | | i 4 85 9. | 1 9 8 0 -0 1 .. .1 5427. | -0 2 ... 1 1086. | -0 3 ... 1 2029. | -0 4 ... I i i 1 1 5614. | 1 9 8 1 -0 1 ...1 — Q2 . . . I 592 1. I 3 25 6. | -Q 3 ...I — 0 4 .. .1 258 3 . i j i 1 1 9 * 2 -0 1 ...1 4938. I -0 2 ...I 5052. I 2378. | -0 3 ...1 | 1 1 1 1 1 1 1 97 7-Q 1 . . . I 3 .3 1 7 .4 I - 0 2 . . .1 -Q 3 ...I 4 .3 1 -0 4 ...| 2 .4 | • I 1 2 .6 | 1 9 7 6 -0 1 .. .1 5 .7 | -0 2 ...1 4 .0 | -0 3 ...1 -0 4 ...1 2 .8 1 i 1 3 .3 1 1 9 7 9 -0 1 ...1 7 .2 | -0 2 ...1 3 .0 1 -0 3 ...1 2 .9 | -0 4 ...| 1 | 1 4 .0 | 1 9 8 0 -0 1 ...| 4 .3 1 -0 2 ...I -0 3 ...1 0 .6 I 1 .5 | -0 4 ...| ■ 1 4 .2 I 1 9 6 1 -0 1 ...1 4 .2 1 -0 2 . . . | -0 3 ...| 2 .2 i - 0 4 . . .| 1 .7 | i 1 1 1 9 6 2 -0 1 ...1 3 .2 1 - 0 2 . . .1 3 .2 1 1 .5 | -0 3 ...| 68150. 70584. 72633. 74034. 846 4. 8 439. 8412. 8 301. 38030. 40280. 4 21 03 . 4 36 58 . 13028. 13002. 13106. 13059. 8629. 8 863. 9013. 9017. 72026. 75514. 76720. 77902. 31338. 33166. 3 3553. 3 2643. 206 12 . 22126. 22315. 210 42 . b5b. 95b. 9 9 ». 9*2. 13472. 15447. 15b49. 15077. 75431. 76917. 77676. 832 6. 8450. 852 4. 4 50 74 . 4 63 16 . 46954. 12974. 12967. 12906. 9057. 9185. 9292. 81443. 85009. 86629. 33282. 35755. 37000. 20722. 21898. 218 75. 6 68 . 939. 958. 150 7 5. 10071. 16046. 1149b. 1 0 * 6 /. 10748. 100*. 20b2. 14 b l—01*••| - 0 2 . . .1 -0 3 ... I -0 4 ... | 140176. 146097. 149354. 151936. _ L. _ L_ 1 1 2 .2Q 5 7 4b. 5 o i7 . 4 COO. 6 00 8. CHANGE FROM PREVIOUS QUARTER» MILLIONS OF DOLLARS 1 364. 1813. 1369. 1131. 265. 365. 2 65 . 123. 807. 859. 6 84. 593. 215 . 501. 336. 367. 7 8. 6 b. 64. 48. 1092. 3951. 2196. 945. 461. 1955. 64b. —5 6 6 . 367. 1166. 320. -6 1 5 . -lb . 6 i. 15. -4 0 . 5 7. 556. 209. 1 04 . 1427. 1846. 1649. 1225. 172. 287. 2 29 . 49. 768. 697. 808. 729 . 364. 507. 4 04 . 383. 124. 155. 206. 63. 900. 3377. 216 9. 1598. -2 6 4 . 1573. 1061. 126. -2 7 . 8 85 . 643. -5 3 . -5 3 . 134. 50. 1 0. 944. 140c. 6 16 . - l i e . 2426. 2884. 2250. 1671. 37. 124. 67. -1 4 1 . 1163. 1410. 1169. 1295. 4 29 . 553. 382 . 323. 777. 796. 6 32 . 194. 9 55 . 4777. 1174. 1766. -8 4 . 1673. 1044. 191. 460. 1307. 764. 592. -9 3 . 1 72 . 33. 64. 220. 2254. 750. — eO . 2602. 2713. 1601. 1530. -3 6 . -8 2 . 52. 58. 1678. 2 078. 1171. 1180. 2 50 . 310. 75. 128. 7 11. 4 07 . 303. 164. 205 6. 2714. -5 1 5 . 4 99 . —526. 574. 5 41 . -5 5 . 90b. 1242. -2 6 6 . -2 7 5 . 6 l. lU V H . 2b. 1 9. 37. 1317. c4o. —8 4 . —l C 3 o . 2 125. 243 4. 2 0 49. 1401. -8 2 . -2 5 . -2 7 . -1 1 1 . 1996. 2251. 1823. 1555. 100. -2 6 . 104. -4 7 . 110. 2 34 . 150. 4. 3489. 3488. 1207. 1162. -2 0 3 . 1b2 6 . 3 87 . -7 1 0 . 9 7o . 1 513. 1 69 . -1 2 7 2 . 47. lo l. 39. —0 6 . 190 1 . x9Y 3. 202. -5 7 c . #68. -1 9 2 9 . 3 «9 . 5ouc. 1397. 1436. 759. 25. 1 24 . 74. 1416. 1242. 6 39. -8 4 . -6 1 . 4 0. 126. 107. 3541. 3566. 1620. 439. 2473. 1245. -3 2 0 . 1176. -2 3 . —6 4 . 71. 19. —2 . 9V6. -2 3 . 568 6. -1 1 4 9 . 401. 1 12 .30 -8 . 206. C * l. 320. -b 1 /. -20C • 1625. 632. -6 0 9 . -1 4 1 6 . 999. 5 16 . -4 4 7 . 675. PERCENTAGE CHANGE FROM PREVIOUS QUARTER 3 .8 4 .8 3 .5 2 .8 3 .9 5 .2 3 .6 1 .6 4 .4 4 .4 3 .4 2 .6 2 .9 6 .6 4 .1 4 .3 2 .1 2 .3 2 .2 1.2 3 .4 4 .3 3 .6 2 .6 2 .2 3 .6 2 .6 0 .6 3 .6 4 .0 3 .5 3 .0 4 .1 5 .5 4 .2 3 .8 3 .1 ->.8 4 .9 1 .4 5 .0 5.7 4 .2 3 .0 0 .4 1 .5 0 .8 -1 .6 4 .8 5 .5 4 .3 4 .6 4 .1 5.1 3 .3 2 .7 17.1 1 5.0 10.3 2 .9 4 .9 4 .5 2 .5 2 .4 -0 .4 -1 .0 0 .6 0 .7 6 .3 6 .6 3 .5 3 .4 2 .1 2 .5 0 .6 10.3 5 .3 3 .8 2 .0 3 .2 3 .6 2 .9 1 .9 -1 .0 -0 .3 -0 .3 -1 .3 5 .5 5 .9 4 .5 3 .7 0 .8 -0 .2 0 .8 -0 .4 1 .0 1 .3 2 .7 1.7 0 .0 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 2 .6 9 .9 5 .U 2 .0 2 .0 6 .3 2 .5 -2 .2 3 .2 9 .3 2 .3 -4 .4 * .9 -9 .6 2•t 26. c 7 .6 3 .0 1 9 .0 1 6 .6 6 6 .0 1 .9 7 .0 4 .2 3 .0 -i.l 6 .2 3 .9 0 .** -0 .2 6 .6 4 .5 -0 .6 -1 6 .2 4 2 .2 1 1.0 2 .1 3 1 .5 * 3 .6 1 1 .0 -l.b 7 .0 -1 2 .7 1 .7 6 .5 1 .9 2 .6 -0 .3 6 .0 3 .5 0 .6 3 .2 6 .5 4 .0 3 .4 -1 6 .2 3 .6 3 6 .6 9 .0 —O . 1 7 .o -1 0 .0 -c -> .b 2 4 .5 3 .2 4 .1 -0 .8 0 .7 -1 .7 l.V 1 .7 —0 .2 5 .0 6 .6 -1 .4 -1 .4 9 .2 12 •4 . 1* •0 2 .2 -0 .7 1 0 .2 -8 .0 -2 0 .2 2 * .3 5 .1 4 .3 1 .6 1 .5 —0 .6 5 .8 1.2 -2 .1 5 .0 7 .3 0 .9 -5 .7 5 .8 1 1 .7 4 .1 »6 1 6 .4 1 4 .7 1 .3 -3 .7 1 5 .4 -3 3 .6 4 .5 4 .4 1 .9 1 .3 7 .4 3 .5 -l.j 5 .7 -0 .1 -0 .0 6. 1 6 .6 -0 .1 4 3 .6 -lu .O 2 .1 -6 .4 1 1 .6 4 1 .1 5 .7 7 .0 3 .6 2 .5 4 . fa 0 3 .C -4 .8 6 0 .2 lo .2 5 6 .4 | 1 .9 2 .0 1 .0 0 .3 1 .5 0 .9 3 .2 2 .8 1 .4 -0 .6 -0 .1 -0 .5 0 .4 1 .4 1.2 1 1 1 _1_ * .9 7 TABLE 112Q (CONTINUED) FARM DEBT OUTSTANDING AT REPORTING LENDING INSTITUTIONS REAL ESTATE DEBT 1 1 END OF | QUARTER | 1 TOTAL J TOTAL INSURED COMMERCIAL BANKS FEDERAL LAND BANKS 1 _____________ L 1 1 1 12.40 FARMERS » HOME 1 ADMIN1S “ I T RATION 866 • 1 9 7 7 -Q 1 ...I -0 2 ...I -0 3 ...1 - 0 4 . . .1 j 1 9 7 8 -0 1 . .-| -Q 2 ...I -0 3 ...| -0 4 ...| 10394. 12289. 13670. 13861. 4 62 9. 5247. 5584. 5677. 999. 1103. 101 8. 2631. 2 787. 289 1. 2942. 8 26. 113 6. 129 4. 1419. 306. 325. 296. 2 98 . 13732. 13191. 13445. 14192. 5 741. 5773. 6054. 6148. 925. 847. 811. 737. 2 90 3. 2 940. 3065. 320 2. 1568. 1575. 1 64 3. 1659. 3 44 . 4 11 . 535. 550. 1 9 7 9 -Q 1 ...I -0 2 ... 1 -0 3 ... | -0 4 ...| 15245. 17683. 17288. 17902. .7146. 8 184. 8 784. 923 0. 602. 439. 2 77 . 87. 3 617. 4130. 4492. 505 7. 172 4. 1770. 1747. 1687. 1203. 1844. 2 268. 2399. 1 9 8 0 -0 1 . . . | -Q 2 ...I -0 3 ...| -0 4 ... 1 19380. 17146. 14809. 13400. 9607. 943 6. 8787. 8 646. 14. -1 9 2 . -2 0 7 . -8 . 5752. 6 420. 642 2. 6307. 1 507. 126 4. 958. 7 63 . 2 333. 1944. 1615. 1585. 1981—Q l . • • | -0 2 ...I -0 3 ...1 -0 4 ... 1 14156. 14650. 16820. 17374. 7 969. 7690. 8138. 800 9. -5 4 . 3. -7 6 . -2 4 5 . 642 6. 659 9. 725 0. 762 6. 613. 277. 3 06 . 1 31 . 984 . 8 11 . 658. 498. 16698. 15829. 14951. 728 1. 633 3. 5043. -1 3 8 . 11. 112. 7044. 6035. 4851. -5 3 . -3 5 . -2 0 0 . 428. 322. 2 79 . 1 9 6 2 -0 1 . -Q 2 ...I —Q3. . . 1 1. 1 1 1. 1 1 1 2 .50 1 9 7 7 -0 1 . .. | -0 2 ...1 -Q 3 ...I -0 4 ...1 1 5 .5 1 7 .3 1 8 .6 1 8 .4 1 4 .0 1 5 .3 1 5 .8 1 5 .6 1 4.2 1 5 .7 1 7 .0 1 5 .2 1 5.8 1 6 .0 1 6 .1 1 5 .9 1 9 7 8 -0 1 ...1 -Q 2 ...I -0 3 ...| -0 4 ...1 l l 1979—Q l. . . | —Q2 . . . 1 -0 3 ...1 -0 4 ...1 1 7 .7 1 5 .8 1 5 .5 1 5 .9 1 5 .2 1 4 .6 1 4 .8 1 4 .6 1 3 .3 1 1 .5 1 0 .7 9 .5 1 5 .0 1 4 .6 1 4 .7 1 4 .9 1 6 .7 1 8 .3 1 7 .2 1 7 .3 1 6 .5 1 8.1 1 8 .7 1 9 .2 7 .6 5 .4 3 .3 1 8 .2 1 5 .0 1 9 .0 1 7 .7 1 5.8 1 5.1 0.2 1 .0 12.6 11.1 11.2 11.1 1 2 .7 1 2 .9 1 1 .9 10.8 10.0 -2 .2 -2 .4 -0 . 1 1 5765. 7042. 8086. 8 18 4. 3234. 3 47 3. 3 38 8. 2 49 8. 1466. 174 3. 174 8. 1258. 1 1 7991. 7 41 7. 7 391. 804 5. 1 75 3. 137 1. 1784. 2476. 844. 563. 885. 1 447. 1 1 1 8099. 9 49 9. 8 504. 867 1. 2676. 27762759. 2824. 1954. 2376. 2498. 3143. 1 1 1 9773. 771 0. 6 02 1. 4754. 2 38 5. 128 6. 783. 537. 3572. 3507. 2459. 1 59 2. 1 1 618 7. 6 96 0. 8682. 9 36 5. 857. 2111. 1 957. 1302. 9417. 949 6. 990 8. 1 94 4. 2589. 3447. 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 I l |1 1 1 1 1 1 1 8.1 8.1 1 1 1 6 .9 19.1 2 1 .3 1 5 .8 1 5 .7 1 4.8 21.0 10.8 1 20.0 1 9 .4 1 9 .4 1 8.8 9 .1 1 0.7 1 3.6 1 3 .8 1 6 .3 1 7 .9 1 8 .8 2 0 .5 1 8.8 1 8 .3 1 7 .3 1 6.1 2 9 .3 4 3 .3 5 0 .7 5 2 .9 2 2 .3 2 3 .6 1 3 .8 6 .3 4 3 .9 3 1 .8 2 4 .0 2 2 .9 12.2 8.8 1 6 .3 1 8.1 19.2 9 .2 20.6 22.6 21.2 11.0 8.1 1 4 1 101. 138. 156 . 2 130. 2963. 309 5. 3 14 5. 1 23 8. 124 6. 30. -5 5 6 . 310. 16o. 151. 144 . 4 019. 3 101. 25V7. 257 3- -5 1 2 . -3 5 0 . 32. -9 2 . 1659. 1 93 0. 2404. 140 6. 130. 203. 224. 121. 3380. 403 8. 399 4. 3 506. 160. -1 3 2 2 . 103. 3030. 110. -2 2 8 . -4 4 0 . 10. -2 0 . —* 0 . 1603. 624. 399. 5750. 6530. 6542. 7 .4 5 .4 1 3 .2 1 4 .5 1 4 .2 1 0 .3 122. 8 5 .3 9 9 .0 22.1 106.0 9 .6 10.8 3 8 .2 9 5 .2 2 9 0 .7 1 6 7 .7 o 3 .1 2**.8 1 0 .5 1 0 .3 9 .8 1 9 .6 1 6 .6 1 6 .7 3 1 .7 3 0 .7 2 4 .4 3 0 .4 5 4 .0 5 5 .4 5 1 .5 5 3 .7 2 5 .5 2 9 .4 0 .7 -1 0 .5 7 4 .1 2 8 .1 2 4 .3 2 1 .7 3 7 .3 2 6 .7 2 8 .6 -1 .8 7 .2 1 7 .5 2 6 .9 2 9 .0 1 4 .9 3 3 .5 3 5 .4 3 4 .3 3 0 .3 2 .9 -2 5 .7 2 .5 6 0 .9 0 .5 -1 .0 -2 .0 1.2 -2 .1 -4 .0 1 1 .9 4 .U 2 .5 171.1 1 5 5 .5 5 .3 2 .7 5 .3 3 .1 3 .4 5 .4 9 .6 6.2 10.1 1 0 .4 6 .3 7 .6 1 0 .3 21.1 2 3 .2 9 .4 2.8 10.2 12.8 o .B 9 .6 6.2 12.1 1 3 .7 4 .1 1 3.1 6.2 12.6 7 .8 1 0 .3 1 2 .9 2.2 10.1 2 .4 1 .0 7 .9 5 .8 1 1 1 1 -1 .6 1 8 .5 1 5 .0 1 1.5 -0 .4 -0 .3 -1 .5 5 .0 3 .6 3 .1 1 1 1 1 1 | 1 2 .9 1 9 4 .7 6 1 9 .5 9 3 2 .5 3 3 6 .5 - 1 0 .4 1 4 .2 8 .5 4 .3 2 .5 1 .7 4 .9 12.8 2 4 .9 3 1 .9 4 4 .6 6 .7 4 .1 6 .3 10.0 1 1 1.2 5 .6 3 .0 -0 .1 6.8 1 7 .4 1 2 .7 9 .7 7 .5 2 0 .3 1 9 .6 1 12.6Q 3616. 2766. 156 3. 1126. 1 1 1 1 1 1 20.8 21.2 1 1 1 1 1 1 815. 2 659. 3068. 285 4. 1 6.9 1 8 .5 1 5 .9 1 5 .7 -0 .6 1 .3 -3 7 . 56. 91. 141. 1 1 1 1 -0 .9 -2 .9 0. 1 819. 1270. 2238. 3 50 0. 1 6.9 1 6 .0 1 7.1 1 3.2 1 0 .7 9 .0 6 .9 -o . 242. 535. 7 00. 928. 1 1 1 12.2 12.6 12.1 0.0 4. 21 . 12. PERCENTAGE CHANGE FROM PREVIOUS YEAR 1 1 9 9 0 -0 1 ...| -0 2 ...| -Q 3 ...I - 0 4 . . .| j 1 9 8 1 -0 1 .. . | -Q 2 ...I -0 3 ... 1 -0 4 ... 1 ■ 1 1 9 8 2 -0 1 .. . I -0 2 ...| -0 3 ...| TOTAL INSURED PRODUCTION FEDERAL FARMERS COMMODITY COMMERCIAL CR EO IT INTERM EDI HUME CREDIT ASSOCIA BANKS ATE CREDIT ADMINIS— CQRPURTIONS AT ILi N BANKS TkA l 1CIN CHANGE FROM PREVIOUS YEAR, M ILLIONS OF DOLLARS L 1 NO N -R EAL-ESTA TE DEBT 1 L IF E INSURANCE COMPANIES 21.0 1 4.1 8.8 8.6 66.2 - 6 .4 -6 .4 0.6 100.1 PERCENTAGE UF TO TAL S P E C IFIE D DEBT 1 1 1 1 .0 1 9 7 6 -0 4 . . . | ****** 100.0 1 8 .5 5 1 .0 2 0 .4 10.2 I 100.0 5 9 .7 3 1 .4 ****** ****** ****** ****** 100.0 100.0 100.0 100.0 1 8 .5 1 8 .6 1 8 .6 1 8 .4 5 1 .3 5 1.1 5 1 .1 5 1 .1 20.2 10.0 1 2 0 .5 2 0 .7 9 .8 9 .6 9 .5 1 1 100.0 100.0 100.0 100.0 5 9 .2 5 8 .3 5 7 .0 5 4 .6 3 1 .5 3 1 .3 3 0 .5 28 .6 0 .9 0 .9 0 .9 0.6 6 .3 o .4 LOO.O 5 1.2 5 1.1 5 1 .0 5 1 .2 9 .5 9 .4 9 .5 9 .4 1 1 1 1 100.0 100.0 100.0 100.0 5 3 .0 5 2 .6 5 2 .4 5 1 .1 2 8 .0 2 7 .9 2 7 .9 2 7 .0 0 .7 0 .9 0 .9 0 .9 11.1 10.6 1 0.5 1 1 .4 1 1 5 0 .1 4 8 .9 4 9 .7 4 8 .6 2 7 .4 2 7 .4 2 8 .1 2 8 .3 10.8 1.0 I 100.0 100.0 100.0 100.0 0 .7 12.1 12.1 1 .0 1 .0 1 3 .7 1 4 .6 1 4.1 1 1 1 1 100.0 100.0 100.0 100.0 4 6 .3 4 5 .3 4 6 .4 4 6 .0 2 6 .6 2 9 .5 2 9 .3 2 8 .7 1.1 1.1 1.1 1.2 1 5 .3 1 6 .0 1 7 .1 1 6 .9 0 .5 7 .5 i i i i a1 i I I 100.0 100.0 100.0 100.0 4 3 .5 4 3 .9 4 3 .7 -*2.2 2 8 .6 2 9 .3 2 9 .1 2 7 .0 1.2 6.0 1.2 1 8 .7 2 0 .5 2 0 .4 1 9 .4 5. A 5 .5 1 0 .3 100.0 100.0 100.0 4 0 .9 4 2 .1 4 2 .7 2 5 .4 2 5 .8 2 5 .3 1.1 1.1 1.1 1 8 .5 1 8 .9 1 8 .5 1 4 .4 1 9 7 7 -0 1 . .. 1 —Q 2 .••| -Q 3 ...I -0 4 ...1 l 1 A 978—Q l. . . I - 0 2 . . .1 -Q 3 ...I -0 4 ...| ■1 1979—Q l. . . | -0 2 ... | -0 3 ...| -0 4 ... | | 1980—Q l . • • | -0 2 ...| -Q 3 ...I -0 4 ...! 21.0 ****** ****** ****** ****** 100.0 100.0 100.0 1 8 .2 1 8 .1 1 7 .9 1 7 .6 ****** ****** ****** ****** 100.0 100.0 100.0 100.0 1 6 .8 1 6 .1 1 5 .6 1 4 .9 5 1 .1 5 1 .0 5 1 .0 5 1 .8 ****** ****** ****** ****** 100.0 100.0 100.0 100.0 1 4 .2 1 3 .4 1 3 .2 1 2 .9 5 2 .5 5 3 .6 5 4 .0 5 4 .6 20.6 20.2 12.8 1 9 .8 1 9 .6 13 .0 12.9 100.0 100.0 100.0 100.0 1 2 .4 1 9.1 1 8 .4 1 8 .0 1 7.6 1 2 .7 12.0 11.6 11.2 5 5 .8 5 7 .1 5 8 .0 5 9 .0 100.0 100.0 100.0 11.0 11.0 11.0 5 9 .8 6 0 .2 6 0 .4 1 7 .2 16.9 1 6.6 21.1 2 1 .4 2 1 .5 21.8 21.6 2 1 .4 2 1 .3 21.2 1 2 .7 1 ****** ****** ****** - 0 4 .. .| ****** 1 1 9 8 2 -0 1 .. .1 * * * * * * -Q 2 ...I * * **** -Q 3 ...I ****** 1 9 8 1 -0 1 . .. | -0 2 .. . | —Q 3 . • • | 12.6 1 2 .4 12.2 12.0 11.9 12.0 1 1 11 1 I1 a 1 1 .3 1 .3 6.1 1 0 .9 9 .0 6.6 7 .9 6.0 7 .3 1 4 .1 12.2 AGRICULTURAL FINANCE DATABOOK — QOARTERLY SERIES 200 DECEMBER 1982 FARM LENDING OPERATIONS AND EXPERIENCE OF NONBANK IN ST ITU TIO N S 210 PRODUCTION CREDIT ASSOCIATIONS (AGRICULTURAL LOANS, EXCEPT AS NOTED) 211 LOANS OUTSTANDING 2 1 1 . IQ 2 1 1 .2 Q 212 ACTUAL..............................................................................................................................................................................9 SEASONALLY ADJUSTED.................................................. ................................................................... . . . . 1 0 LOANS MADE AND NEW LOANS 2 1 2 . IQ ACTUAL........... .............................................................................................................................................................11 2 1 2 . 2Q SEASONALLY ADJUSTED ANNUAL RATE....................................................................................................12 2 1 2 .3 Q FOUR-QUARTER NOTING TOTAL.................................................................................................................13 213 RENEWALS AND COLLECTIONS (SEE NOTE BELOW) 2 1 3 . IQ 2 1 3 . 2Q 2 1 3 . 3Q 22 0 ACTUAL............................................................................................................................................................................14 SEASONALLY ADJUSTED ANNUAL RATE............................... 15 FOUR-QUARTER NOTING TOTAL..................... ...1 6 FEDERAL LAND BANKS (AGRICULTURAL LOANS) 221 LCANS OUTSTANDING 2 2 1 . IQ 2 2 1 . 2Q 222 ACTUAL...........................................................................................................................................................................17 SEASONALLY A D J U S T E D .............................................................................................................................. 18 LCANS CLOSED 2 2 2 . 1Q ACTUAL.................................. .................................................. ...............................................................................19 2 2 2 . 2Q SEASONALLY ADJUSTED ANNUAL RATE...................................................................................................20 2 2 2 . 3Q FOUR-QUARTER NOTING TOTAL..................................... .............................................. ... 21 223 LOANS CLOSED AND NEW HONEY LOANED 2 2 3 . IQ 2 2 3 . 2Q 2 2 3 . 3Q 224 A C T U A L .................................................................................... 22 SEASONALLY ADJUSTED ANNUAL RATE...................................................................................................23 FOUR-QUARTER NOTING TOTAL......................................... 24 REFINANCING AND REPAYMENTS 2 2 4 . IQ ACTUAL................................... ..................................................................................................................................25 2 2 4 . 2Q SEASONALLY ADJUSTED ANNUAL RATE...................................................................................... . . . . 2 6 2 2 4 . 3Q FOUR-QUARTER NOTING TOTAL.............................. 27 230 L I F E INSURANCE COMPANIES 231 FARM MORTGAGES OUTSTANDING AND ACQUIRED 231. IQ 231. 2Q 2 3 1 . 3Q 232 ACTUAL............... - ........................................ ..............................................................................28 SEASONALLY ADJUSTED................... ..................................................................................29 FOUR-QUARTER NOTING TOTAL (MORTGAGES ACQUIRED ONLY)...................................30 FARM MORTGAGE COMMITMENTS— OUTSTANDING AND NEW 232. IQ 232.2Q 232. 3Q SOURCES: ACTUAL.......................................................................................................................................31 SEASONALLY ADJUSTED....................................... . . . . . 3 2 FOUR-QUARTER NOTING TOTAL (NEWCOMMITMENTS ONLY)......................................... 33 "PRODUCTION CREDIT ASSOCIATIONS— SELECTED MONTHLY LOAN DA TA ," SUPERTISORY D I T I S I O N , FARM CREDIT ADMINISTRATION; "FEDERAL LAND BANKS— SUMMARY OF SELECTED MONTHLY LOAN DA TA ," TECHNICAL SERTICES D I T I S I O N , FARM CREDIT ADMINISTRATION; "DISTRIBUTION OF INTESTMENTS OF U.S. LIFE INSURANCE COMPANIES," AND "FORWARD INVESTMENT COMMITMENTS OF REPORTING L I F E INSURANCE COMPANIES," AMERICAN COUNCIL OF L I F E INSURANCE. DATA IN T H IS SECTION ARE OBTAINED FROM TIMELY MONTHLY REPORTS, MOST OF WHICH ARE NOT RET ISE D TO REFLECT LATER CHANGES OR CORRECTIONS. I F CNLY YEAR-END DATA ON OUTSTANDING LOAN VOLUME ARE REQUIRED, USE THE SERIES IN SECTION 100 FOR PRODUCTION CREDIT ASSOCIATIONS, DATA ON LOANS OUTSTANDING AND LOANS MADE DO NOT INCLUDE RURAL HOME LOANS, FARM-RELATED BUSINESS LOANS, OR AQUATIC LOANS. DATA ON COLLECTIONS AND RENEWALS DO INCLUDE THESE LOANS; HOWEVBR, THESE TYPES OF LOANS REPRESENTED ONLY 2. 9 PERCENT OF TOTAL OUTSTANDING LOANS AT PRODUCTION CREDIT ASSOCIATIONS AS OF DECEMBER 1981. 9 TABLE 211.IQ PHDDOCTJON CREDIT ASSOCIATIONS LOANS OUTSTANDING AMOUNT ! ______ END OF QUARTER | J | i ___ L 1 BILLIO NS OF DOLLARS PERCENTAGE CHANGE FROM PREVIOUS END OF | CHANGE FROM PREVIOUS | QUARTER | .......................... 1 1 ___Q O M I J g - I E A B _ _J QUARTER TEAR 1 96 2-Q 1... -Q 2 .,. -Q 3 ... -Q 4 ... 1773. 1994. 1.982. 1855. 121. 222. -1 3. -127. 151. 181. 175. 203. 7.3 1 2.5 -0 . 6 -6 .4 9 .3 10.0 9.7 12.3 1 963-Q 1... -Q 2 ... -Q 3 . . . -Q 4 ... 2031. 2300. 2298. 2123. 176. 270. -2 . -175. 258. 306. 316. 268. 9 .5 13.3 -0 . 1 -7 .6 14.5 15.3 16.0 14.5 1 96 4-Q 1... - Q 2 . . . .• 1 -0 3 ... -Q 4 ... I 1965—Q 1. •• -Q 2 ... -Q 3 ... - Q 4 . •• 2278. 2533. 2514. 2296. 154. 255. -1 9. -217. 247. 232. 215. 173. 7 .3 11 .2 -0 . 8 -8 .6 12.2 10. 1 9.4 8. 1 2446. 2743. 2753. 2598. 150. 297. 10. -1 54 . 169. 210. 239. 302. 6 .5 12. 1 0.3 -5 .6 7 .4 8 .3 9 .5 13. 2 1 96 6-Q 1... -Q 2 ... -Q 3 ... -Q 4 ... 2806. 3146. 3139. 3042. 207. 341. -8 . -97. 3 59. 403. 38 6. 444. 8 .0 -0 .2 -3 . 1 14.7 14.7 14.0 17. 1 1 9 6 7 -Q l... -Q 2 ... —Q3 .* . -Q 4 ... 3292. 3652. 3608. 3551. 250. 359. -44. -5 7 . 487. 505. 469. 509. 8 .2 1 0.9 -1 .2 -1 .6 17.3 16. 1 14.9 16.7 3777. 4097. 3983. 3861. 226. 320. -114. -122. 485. 445. 375. 31 0. 6.4 8.5 -2 . 8 -3 . 1 14. 7 12.2 10.4 8 .7 4147. 4569. 4510. 4533. 286. 422. -5 9 . 23. 370. 472. 527. 672. 7 .4 10.2 -1 .3 0 .5 9.8 11.5 13.2 17.4 4910. 5359. 5257. 5334. 377. 449. -1 01 . 77. 763. 790. 747. 801. 8 .3 9. 1 -1 .9 1. 5 18.4 17.3 16.6 17.7 5759. 6273. 6191. 6116. 425. 514. -83. -7 5 . 849. 914. 933. 781. 8 .0 8 .9 -1 .3 -1 . 2 17.3 17. 1 17.7 14.6 6433. 6832. 6634. 6635. 318. 399. -198. 1. 674. 559. 444. 519. 5.2 6 .2 -2 .9 o .o 11.7 8. 9 7 .2 8.5 6964. 7498. 7663. 7853. 329. 534. 185. 171. 530. 1048. 1218. 5.0 7 .7 2 .5 2 .2 8 .2 9 .7 15.8 18.4 8206. 9091. 9432. 9502. 352. 885. 3*41. 70. 1242. 1593. 1749. 1649. 4 .5 10 .8 3.8 0 .7 17.8 2 1. 2 22 .8 21.0 10011. 10703. 10737. 10742. 509. 6 92 . 34. 4. 1805. 1612. 1305. 1240. 5 .4 6 .9 0.3 0.0 2 2.0 17.7 13.8 13.0 11117. 12006. 12321. 12196. 376 . 888. 316. -125. 1106. 1303. 1584. 1455. 3 .5 8.0 2 .6 -1 .0 11.0 12.2 14.8 13.5 12583. 13749. 1*069. i j454. 387. 1166. 320. -6 15 . 1466. 1743. 1748. 1258. 3.2 9 .3 2.3 -4 . 4 13.2 14.5 14.2 10.3 13427. 14312. 14955. 14901. -27. 885. 643. -5 3. 844. 563. 885. 1447. -0 .2 6.6 4. 5 -0 . 4 6 .7 4. 1 6 .3 10.8 15381. 16688. 17452. 18045. 480. 1307. 764. 592. 1954. 2376. 2498. 3143. 3.2 8 .5 4 .6 3. 4 14.6 16.6 16.7 21. 1 18953. 20195. '99 11 . 19636. 908. 1242. -2 84 . -2 75 . 357 2. 3507. 2459. 1592. 5 .0 6 .6 -1 . 4 -1 .4 23. 2 21.0 14. 1 8 .8 198 1-0 1... -0 2 -.. -Q 3 ... — Q4. •. 20612. 22126. 22315. 21042. 976. 1513. 189. -1272. 1659. 1930. 2404. 1406. 5.0 7.3 0 .9 -5 .7 8.8 9.6 12. 1 7 .2 1 1982— Q1.•• - Q 2 . •• - Q 3 . •• , . J . 20722. 21898. 21875. -320. 1176. -2 3. 110. -228. -440 . -1 .5 5.7 -0 . 1 0 .5 -1 .0 -2 .0 NUMBER OF BORROWERS J .1 1 1 PERCENTAGE CHANGE FROM PREVIOUS J 1 J THOUSANDS| YEAR 1 1 QUARTER _JL 1_. I 281.7 7.8 0. 5 I 29 8.7 6 .0 0 .9 1 28 8.8 -3 .3 1. 1 1 2 69 .0 -6 .9 2. 9 1 1 290. 8 8. 1 3.2 1 3 0 8 .0 5 .9 3. 1 1 300. 8 4 .2 -2 .3 1 -6 .4 28 1.5 4 .7 1 4 12 . 1 i 1 9 6 8 -Q 1 .. . -Q 2 . •• — Q3 •• • -Q 4 ..» - 1 i 1 969-Q 1... -0 2 ... -Q 3 ... J 1970-Q1... -Q 2 .. . -0 3 ... -Q 4 ... 1 1 971-Q 1... “ 0 2 .,. . - I -Q 3 ... -Q 4 ... 1 1972-Q 1... -Q 2 ... -0 3 ... -Q 4 ... 1 1 97 3-Q 1... - Q 2 . •• • • 4 -0 3 ... -Q 4 . , • 666. i 1974-Q 1... -Q 2 ... -Q 3 ... -Q 4 ... J 1975-Q 1... -Q 2 ... —Q 3 ., . -Q 4 ... i 1977-Q1... -Q 2 ... -Q 3 ... -Q 4 ... 1979— Q l . . . — Q 2 .• • -0 3 ... -Q 4 ... 1 1980-Q1... -Q 2 . •• -0 3 ... -Q 4 ... 1 i 1 1 1 J 1 1 i 1 J 1 1 1 t 1 1 1 1 1 J 1 J 1 1 1 1 1 1 J 1 1 1 1 i 1 “ 02. , . . . 1 -Q3. » - ..1 —Q 4 .•. 4 J 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 299.3 31 3. 6 308. 1 28 8. 2 6 .3 4 .8 -1 .8 -6 .4 3 .0 1.8 2. 4 2 .4 30 1.7 315. 8 3 1 0 .2 293. 8 4.7 4.6 -1 .8 -5 .3 0 .8 0 .7 0.7 1.9 305. 9 3 19 .5 31 5 .3 299-4 4.1 4.4 -1 .3 -5 .0 1.4 1.2 1.6 1.9 3 10 .6 322. 8 31 9 .3 3 06 .5 3.7 3.9 -1 .1 -4 .0 1.5 1.0 1.3 2 .4 315.3 32 3.6 31 8.0 3 03 .9 2.9 2.6 -1 .7 -4 .4 1.5 0 .3 -0 .4 -0 .8 31 2 .0 320. 1 313. 3 3 0 1 .2 2 .6 2.6 -2 .1 -3 .9 -1 . 1 -1 . 1 -1 .5 -0 .9 308. 1 314.1 30 9.3 298.2 2.3 1.9 -1 .5 -3 .6 -1 .2 -1 .9 -1 .3 -1 .0 3 07 .4 316. 1 3 1 3 .6 303 . 8 3. 1 2. 8 -0 .8 -3 . 1 -0 .2 0 .7 1. 4 1.9 31 1 .9 3 1 9 .9 3 1 6 .3 30 8. 7 2 .6 2 .6 -1 . 1 -2 . 4 1.5 1.2 0 .8 1.6 3 1 4 .7 3 21 .2 3 1 9 .9 3 1 1 .9 2.0 2. 1 -0 .4 -2 .5 0 .9 0 .4 1.2 1.0 3 1 8 .9 32 9 .3 3 3 0 .6 3 2 3 .8 2.3 3 .3 0 .4 -2 .0 1.3 2 .5 3 .3 3 .8 3 33 .6 33 8.5 3 3 6 .6 32 8 .7 3 .0 1. 5 -0 .6 -2 .3 4 .6 2. 8 1.8 1.5 33 4.3 3 4 2 .0 3 4 1 .9 335. 6 1.7 2. 3 -0 .0 -1 .8 0 .2 1.0 1.6 2. 1 3 4 1 .7 3 5 0 .4 3 5 0 .6 3 4 2 .8 1.8 2. 6 0 .0 -2 .2 2 .2 2 .5 2. 5 2. 1 1 1 343. 7 3 4 9 .3 350. 8 35 3.4 0 .3 0. 6 -0 .3 0. 1 3. 1 I 1 1 1 1 1 3 50 .0 3 58 .5 3 6 0 .0 3 5 8 .0 -1 .0 2. 4 0 .4 -0 . 5 1.8 2 .6 2 .6 1.3 1 1 1 1 1 1 i 1 1 I 1 1 1 365. 1 3 73 .6 37 0 .3 364. 8 2. 0 2.3 -0 . 9 -1 . 5 4 .3 4 .2 2 .9 1.9 373. 8 3 82. 8 3 81 .5 3 71 .9 2. 5 2. 4 -0 .3 -2 .5 2 .4 2 .4 3 .0 1.9 1 1 i 370. 1 37 3.4 369. 8 -0 .5 0.9 -1 .0 -1 .0 -2 .4 -3 . 1 4 1 J 1 i 1 1 1 1 1 1 1 1 1 1 1 1 AVERAGE SIZE DOLLARS PERCENTAGE CHANGE FROM PREVIOUS YEAR 6292. 6677. 6861. 6897. 8.8 9 .0 8. 5 9. 1 6984. 7469. 7640. 7542. 11.0 11.9 1‘1.3 9.4 7609. 8077. 8159. 7966. 8. 9 8. 1 6. 8 5. 6 8107. 8687. 8875. 8844. 6 .6 7.6 8 .8 11.0 9170. 9847. 9956. 10161. 13. 1 13. 4 12.2 14.9 10600. 11313. 11300. 11587. 15. 6 14.9 13.5 14. 0 11980. 12660. 12525. 12704. 13.0 11.9 10.8 9.6 13293. 14275. 14396. ‘15050. 11.0 12.8 14.9 18.5 15935. 17062. 17000. 17891. 19.9 19.5 18. 1 18.9 1873 4. 19843. 19737. 20128. 17.6 16.3 16. 1 12.5 20628. 21359. 20977. 21496. 10. 1 7 .6 6.3 6. 8 22127. 23340. 24014. 25180. 7.3 9 .3 14.5 17. 1 25731. 27605. 28531. 29344. 16.3 18.3 18.8 16. 5 30010. 31618. 3190 2. 32682. 16. 6 14 .5 11.8 11. 4 33250. 35106. 36036. 36338. 10. 8 11.0 13.0 11.2 36828. 39233. 40130. 39253. 10.8 11.8 1 1.4 8.0 390 6 7. 40971. 42625. 42162. 6 .1 4.4 6. 2 7. 4 43945. 46544. 48482. 50399. 12.5 13 .6 13.7 19.5 51905. 54049. 53766. 53822. 18. 1 16. 1 10.9 6 .8 55144. 57800. 58498. 56577. 6 .2 6 .9 8. 8 5. 1 55997. 58636. 59154. 1 .5 1.4 1. 1 4 ! 1 4 1 1 1 1 1 1 1 1 1 1 1 1 J 1 1976-Q 1... -Q 2 . •• -Q 3 ... -Q 4 ... 1 1 1 1 1 1 1 1 1 1 | J | | i ( iI I J I I I I I J 1 1 1 1 0. 4 0 .7 1 J 1 1 1 J 1 1 1 ! 1 1 1 1 1 4 1 1 1 1 1 1 1 J 1 1 1 1 1 I 1 1 1 1 1 4 1 J \ I 1 1 1 1 1 1 4 1 1 1 1 1 1 1 ! 1 1 1 1 1 __1 __ 10 TABLE 211.2Q P£ODOCTIOH CBBDI1 ASSOCIATION LOANS OOTSTAHOING SEASONALLY-ADJUSTED DATA END OP QUARTER A BOO ST 1 1 J BILLIONS OP DOLLAES | PERCENTAGE CHANGE PROH PREVIOUS i . | CHANGE iFBOH PREVIOUS! J i | END OP | 1 -1 | TEAR J QUARTER YEAR J QUARTER I QOABTER J L___IS M M _________________ L_ --1SAAR1_________ _ J____ 1814. 1863. 1917. 1992. 146. 204. 227. 318. 155. 171. 174. 214. 8*3 11.3 12 .2 16.6 9.3 10. 1 10.0 12.6 1963-Q1. . . -Q 2 ... -Q 3 ... -Q 4 ... 2076. 2152. 2231. 2272. 356 . 324. 333. 168. 262. 289. 314. 280. 1 7. 9 1 5.6 1 5.5 7.5 14.4 15.5 16.4 14.0 1964-Q'l. •• -Q 2 ... -Q 3 ... -Q 4 ... 2325. 2375. 2451. 2447. 220. 205. 319. -15. 2<49. 222. 220. 175. 9 .7 8. 8 1 3.4 -0 .6 12.0 10.3 9.8 7. 7 2493. 2578* 2698. 2758. 188. 361. 512. 251. 168. 204. 247. 31 1. 7 .7 14.5 19.8 9 .3 7. 2 8 .6 10. 1 12.7 2851. 2966. 3094. 3216. 391. 487. 546. 517. 359. 387. 3 96 . 457. 14.2 17. 1 ia. 4 16.7 14.4 15.0 14.7 16.6 3335. 3452. 3576. 3737. 503. 497. 520. 689. 483. 487. 482. 521. 15.7 14.9 15.1 19.3 17.0 16.4 15.6 16. 2 3812. 3885. 3966. 4043. 312. 300. 334. 318. 478. 433. 391. 307. 8 .4 7 .9 8. 6 8 .0 14.3 12. 5 10.9 8 .2 4171. 4346. 4504. 4724. 537. 741. 670. 944. 359. 460. 538. 680. 13.3 17.8 15.4 21 .0 9 .4 11.8 13.6 16.8 4927. 5111. 5253. 5529. 869. 779. 592. 1193. 756. 766. 749. 806. 18.4 15 .8 1 1.6 22 .7 18. 1 17.6 16.6 17. 1 5775. 6003. 6175. 6307. 1049. 967. 721. 543. 847. 891. 922. 777. 19.0 1 6. 7 12.0 8 .8 17.2 17.4 17.5 14. 1 6455* 6559. 6597. 6811. 615. 425. 152. 900. 681. 556. 421. 504. 9 .8 6 .6 2 .3 13 .6 11.8 9.3 6.8 8 .0 7003. 7223. 7609. 8032. 801. 922. 1673. 1838. 548. 664. 1012. 1221. 1 1. 8 13.2 2 3 .2 24. 1 8 .5 10.1 15.3 17.9 8278. 8787. 9302. 9692. 1033. 2230. 2246. 1661. 1276. 1564. 1693. 1660. 1 2. 9 2 6. 9 2 5. 6 17.9 18.2 2 1.7 22.2 2 0. 7 10138. 10378. 10548. 10939. 1912. 997. 697. 1649. 1859. 1591. 1247. 1247. 19.7 9.8 6.7 15.6 2 2. 5 18. 1 13.4 12.9 11291. 11669. 12073. 12410. 1480. 1590. 1702. 1402. 1153. 1291. 1525. 1471. 1 3.5 14. 1 1 4.6 11 .6 11.4 12.4 14.5 13.4 12804. 13380. 13770. 13686. 1654. 2466. 1630. -3 35. 1513. 1711. 1697. t27 6. 1 3.3 19.3 12 .2 -2 .4 13.4 14.7 14. 1 10.3 13669. 13932. 14638. 15161. —6 6. 1082. 3045. 2208. 865. 552. 867. 1475. -0 .5 7 .9 2 1 .9 15. 1 6.8 4. 1 6 .3 10.8 15655. 16237. 17104. 18362. 2076. 2458. 3756. 5615. 1986. 2305. 2466. 3201. 13.7 15.7 23. 1 3 2 .8 14.5 16.5 16.8 21. 1 19270. 19621. 19528. 20006. 3912. 14*4. -3 70 . 1981. 3615. 3385. 2424. 1644. 2 1 .3 7.5 -1 .9 10. 1 23.1 2 0. 8 14.2 9 .0 20944. 21470. 21914. 21444. 4027. 2183. 1831. -1819. 1674. 1849. 2386. 1438. 20. 1 10.4 8.5 -8 .3 8. 7 9 .4 12.2 7 .2 21045. 21239. 21505. -1 5 5 2 . 784. 1088. 101. -2 3 2 . -4 08 . -7 .2 3 .7 5. 1 0 .5 -1 . 1 -1 .9 1962-Q 1... -Q 2 . . . -Q 3 ... -Q 4 ... 1 1 1 965-Q 1... -Q 2 ... -Q 3 ... -Q 4 ... 1 1 96 6-Q l... -Q 2 ... -Q 3 ... -Q 4 ... i 1967-Q 1... -Q 2 ... -Q 3 ... -Q 4 ... 1 1968-Q 1... -Q 2 ... -Q 3 ... -Q 4 ... 1969-Q 1... -Q 2 ... -Q 3 ... -Q 4 .,. 1 1970-Q 1.,. -Q 2 ... -Q 3 ... -Q 4 ... 1 1 9 7 1 -Q 1 .. . -Q 2 ... -Q 3 ... -Q 4 ... 1972-Q1... -Q 2 ... -Q 3 ... -Q 4 ... J 1 1 9 7 3 -Q l... -Q 2 ... -Q 3 .* , -Q 4 ... 1974-Q1.. . -Q2. . . -Q 3 ... — Q4. •• 1 1 1 9 7 5 -Q l... -Q 2 ... — Q3... • -Q 4 ... 1976-Q 1... -Q 2 ... -0 3 ... -Q 4 ... 1977-Q 1... -0 2 ... -0 3 ... -Q 4 ... 1978-Q1... -Q 2 ... -0 3 ... -Q 4 ... J i 1 i 1979-Q 1... -0 2 ... -Q 3 ... -Q 4 ... i 1 98 0-Q 1... -0 2 ... -Q 3 ... -Q 4 ... 1981— Q1 . . . -Q 2 ... - Q 3 . •• -Q 4 ... 1 1 1982-Q 1... -Q 2 .., -Q 3 ... I RUBBER OP BORRONERS 1 1 PERCENTAGE CHANGE PROH PREVIOUS 1 1 | THOUSANDS | _ 1 1 YEAR 1 1 QUARTER __ J S A M j ___ J_______ ____ 1 1 1 1 1 i 1 1 1 i 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 J J 1 1 1 1 .1 i 1 1 1 4 1 1 1 1 1 1 1 i J 1 1 1 1 1 1 1 1 i 1 1 1 1 1 1 i 1 1 1 1 1 1 J 1 1 1 1 4 1 1 1 1 1 1 1 1 1 1 1 1 1 1 J 1 1 4 1 28 1.4 284.1 285.1 28 5 .9 3. 6 3.9 1.4 1. 1 0.5 1.2 1.1 2. 6 290. 5 294.2 29 6 .9 297. 8 6 .6 5.2 3. 7 1-2 3 .2 3.5 4. 1 4. 1 299. 4 3 0 0 .8 3 0 4 .0 3 03 .2 2. 2 2.0 4.3 -1 .1 3 .0 2 .3 2 .4 1.8 302. 1 30 4.2 306.2 30 7. 4 -1 .4 2.8 2.6 1.6 0 .9 1. 1 0 .7 1.4 306. 6 309. 1 31 1.5 311.7 -1 . 1 3.3 3 .3 0 .2 1. 5 1.6 1.7 1.4 31 1.3 313.3 3 15 .9 3 17 .7 -0 .5 2.5 3.4 2.3 1.6 1.4 1.4 1 .9 316. 1 315.0 315.0 3 1 4 .0 -2 .0 -1 .4 0. 1 -1 .3 1.5 0 .6 -0 .3 -1 .2 3 1 2 .7 312.3 3 1 0 .7 31 0.3 -1 .7 -0 .5 -2 .0 -0 .5 -1 . 1 -0 .9 -1 .4 -1 .2 3 0 8 .7 30 7.0 3 0 6 .8 3 06 .3 -2 .0 -2 .2 -0 .2 -0 .7 -1 .3 -1 .7 -1 .2 -1 .3 3 0 7 .9 3 09 .5 31 1.2 31 1 .3 2. 1 2. 1 2.2 0. 2 31 2.3 31 3.6 313. 7 3 1 5 .5 1.2 1.7 0.1 2. 4 1.4 1.3 0.8 1.4 315. 1 31 5.4 3 1 7 .3 31 8.2 -0 .5 0 .4 2.4 1.1 0 .9 0.6 1.1 0.8 31 9.4 3 23 .9 327. 8 32 9.7 1.6 5.7 5.6 2.3 3.3 3 3 4 .3 33 3.4 3 3 3 .8 33 4.1 5.7 -1 . 1 0. 4 0.4 4 .7 2 .9 1.8 1.3 33 5.3 3 3 7 .2 33 9. 1 34 0 .7 1.5 2.3 2.3 1.9 0 .3 3 42 .9 3 4 5 .8 3 4 7 .9 34 7.6 2 .6 3 .4 2. 4 -0 .3 2 .3 2 .5 2.6 2 .0 345. 1 344. 8 3 4 8 .3 35 8.2 -2 .8 -0 .4 4. 1 11.9 0 .6 -0 .3 0 .1 3.1 35 1-6 3 5 3 .9 35 7 .6 3 62 .7 -7 .2 2.7 4. 3 5. 8 1.9 2 .6 2 .7 1.3 36 6.7 36 8.7 3 6 7 .8 3 69 .9 4.5 2. 1 -0 .9 2.3 4 .3 4. 2 2 .9 2. 0 375. 5 37 7.6 3 79 .0 3 7 7 .2 6 .2 2.3 1.5 -2 .0 2 .4 2 .4 3 .0 2 .0 3 71 .7 36 8.4 3 6 7 .6 -5 .6 -3 .5 -0 .8 -1 .0 -2 .4 ’ 3 .0 -0 .3 0 .8 1.4 1.6 1.4 2 .7 3 .6 1.1 1.6 2 .0 | 1 | | 1 1 | 1 I I I I I I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 4 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 J 1 1 1 1 1 1 1 1 1 J 1 1 1 1 1 1 J 1 1 4 J 1 1 1 1 1 i 1 1 1 1 1 1 1 1 1 1 AVERAGE SIZE DOLLARS PERCENTAGE CHANGE PROH PREVIOUS YEAR 6447. 6557. 672-4. 6967. 8 .8 8. 8 8 .8 9 .2 7145. 7316. 7515. 7630. 10.8 11.6 11.8 9 .5 7767. 7893. 8061. 8071. 8.7 7 .9 7. 3 5 .8 8250. 8475. 8810. 8972. 6 .2 7. 4 9.3 11.2 9300. 9596. 9930. 10316. 12.7 13.2 12.7 15.0 10710. 11020. 11319. 11760. 15.2 14.8 14.0 14.0 12061. 12334. 12589. 12876. 12. 6 11.9 1 1. 2 9 .5 13342. 13916. 14499. 15223. 10.6 12.8 15.2 18.2 15962. 16651. 17123. 18051. 19 .6 19.7 18. 1 18.6 18757. 19396. 19845. 20258.. 17.5 16 .5 1 5.9 12.2 20672. 20914. 21028. 21585. 10.2 7 .8 6.0 6.6 22222. 22898. 23980. 25244. 7. 5 9 .5 1 4.0 17.0 25919. 27131. 28375. 29395. 16.6 18.5 18.3 16.4 3032 5. 31129. 31604. 32744. 17.0 14.7 11 .4 33674. 3460 5. 3 5603. 36426. 11.0 12.7 11.2 37339. 38693. 39586. 39377. 10.9 11.8 11.2 8. 1 3960 8. 40407. 42031. 42324. 6. 1 4 .4 6 .2 7 .5 44529. 45876. 47824. 50625. 12.4 1 3.5 13.8 19.6 52544. 53223. 53090. 5408 1. . 18.0 16.0 11.0 6. 8 11.4 11.2 1 1 1 1 4 1 1 1 1 1 1 1 1 1 55778. 56858. 57817. 56858. 6 .2 6.8 8 .9 5.1 56617. 57650. 58495. 1.5 1.4 1.2 11 TABLE 212.IQ PRODUCTION CREDIT ASSOCIATIONS LOANS HADE AND NEW LOANS LOANS HADE HU LIO N S | OF 1 DOLLABS J i .QUABTEB 1 9 6 2 - Q 1 ..... - Q 2 ............. - Q 3 ............. - Q 4 .... 866. 763. 631. 957. 4 .3 -1 1 .8 -1 7 .3 5 1 .6 8 .3 12 .6 12.3 15.3 52. 43. 32. 48. 198. 217. 124. 119. 1 9 6 3 - Q 1 ............ - Q 2 ............. - Q 3 ............ - Q 4 ............. 9<68. 866. 697. 1020. 1. 2 -10. 6 -1 9 .5 4 6 .5 11 .8 13.4 10.3 6 .6 52. 43. 30. 44. 213. 228. 127. 1 18. 1 9 6 4 - Q 1............ - Q 2 ............ - Q 3 ............. - Q 4 ............ 1062. 892. 699. 1053. 4. 1 -16. 1 -2 1 .6 5 0 .7 9 .7 3 .0 0 .3 3 .2 50. 39. 28. 42. 207. 222. 126. 117. 1 9 6 5 - Q 1 ............ - Q 2 ............ - Q 3 ............ - Q 4 ............ 1114. 986. 796. 4240. 5 .8 -1 1 .5 -1 9 .2 5 5 .8 4 .8 1 0.5 14.0 1 7.8 48. 40. 29. 45. 209. 224. 129. 125. 1 9 6 6 - Q 1 ............ - Q 2 ............ - Q 3 ............ —Q 4 . . . . 1347. 1144. 957. 13 6.6. 8 .6 -15. 1 -16. 3 4 2 .8 21 .0 16.0 2 0 .2 10. 1 52. 41. 30. 44. 206. 214. 125. 135. 1 9 6 7 - Q 1 ............ - Q 2 ............ - Q 3 ..... - Q 4 ............ 1519. 1288. 1048. 1573. 11. 2 -15. 2 -1 8 .6 5 0 .0 1 2.7 1 2 .6 9 .6 15.1 50. 39. 29. 44. 222. 218. '123. 140. 1 9 6 8 - Q 1 ............ -Q 2 ... .. —Q3 • • • • - Q 4 ............ 1723. 1408. 1167. 1755. 9 .6 -1 8 .3 -17. 1 50. 4 1 3.5 9 .3 1 1.3 1 1 .6 49. 37. 28. 44. 216. 215. 119. 137. 1 9 6 9 - Q l ............ - Q 2 ------ Q 3 -------Q 4 .... 1924. 1683. 1365. 2105. 9 .6 - 1 2 .5 -1 8 .9 5 4 .2 11.7 19 .5 1 7 .0 2 0 .0 50. 41. 30. 47. 226. 214. 123. 151. 1 9 7 0 -Q 1 .... - Q 2 ............. —Q3. < - Q 4 ............ 2354. 1 .91 8. 1610. 2395. 11. 8 -18. 5 -1 6 .0 48.7 2 2 .4 1 3 .9 1 8.0 1 3 .7 52. 39. 30. 46. 229. 206. 123. 156. 1 97 1—Q1............ - Q 2 ............ - Q 3 . • . •« - Q 4 ............ 2(694. 2224. 1845. 2658. 12. 5 -1 7 .5 -1 7 .0 44. 0 1 4 .5 16 .0 14.6 11 .0 51. 39. 29. 43. 235. 215. 128. 145. 1 9 7 2 - Q 1 ............ - Q 2 ............ “ Q3............ - Q 4 ............ 3032. 2486. 2022. 2899. 14. 1 -1 8 .0 -1 8 .7 43. 4 1 2 .5 1 1 .8 9 .6 9. 1 50. 39. 30. 44. 211. 191. 118. 147. 1 9 7 3 - Q 1 ............ -Q 2 ..... “ Q3............ ~Q4. , • •« 3575. 2924. 2756. 3774. 2 3 .3 -18. 2 - 5 .8 3 7 .0 17 .9 17 .6 3 6 .3 3 0 .2 54. 42. 37. 49. 193. 186. 142. 149. 1 9 7 4 - Q 1 ............ -Q 2 .. . . < ” Q 3#*. • « 4065. 3402. 2965. 3927. 7 .7 -1 6 .3 -1 2 .8 3 2.4 13.7 1 6.4 7 .6 4 .1 52. 41. 33. 42. 185. 213. 157. 152. 1975-Q l. « —Q2............ - Q 3 ............ - Q 4 ............ 4450. 3915. 3181. 4452.. 13.3 -1 2 .0 -18. 7 40 .0 9 .5 15. 1 7.3 1 3 .4 47. 39. 30. 41. 215. 194. 134. 147. 1 9 7 6 - Q 1 ............ - Q 2 ............ - Q 3 ............. - Q 4 ............ 5321. 4565. 3524. 4845. 1 9.5 - 1 4 .2 -2 2 .8 3 7 .5 1 9.6 16.6 10 .8 8 .8 50. 41. 29. 39. 196. 191. 148. 142. 1 9 7 7 - Q 1 ............ - Q 2 ............. - Q 3 ............. - Q 4 ............. 6000. 5141. 3858. 5050. 23 .8 -1 4 .3 -2 5 .0 3 0 .9 1 2 .8 12.6 9 .5 4 .2 49. 41. 28. 36. 196. 207. 147. 126. 1.978—Q1............. “ Q2............. - Q 3 ............. “ Q4............. 6380. 5725. 4714. 6379. 26. 3 -1 0 .3 - 1 7 .7 3 5 .3 6 .3 1 1.4 2 2 .2 2 6.3 47. 43. 33. 43. 174. 179. 153. 136. 1 9 7 9 - Q 1 ............. - Q 2 ............. -Q 3. . . . . - Q 4 ............. 7937. 7122. 5752. 8216. 24. 4 - 1 0 .3 -19. 2 4 2 .8 2 4 .4 24 .4 2 2 .0 2 8 .8 53. 46. 3-4. 47. 179. 177. 149. 1-48. 1 9 8 0 - Q 1 ............. —Q2m a a • • - Q 3 ............. - Q 4 ............. 9613. 7996. 6158. 8521. 17.0 -16. 8 -2 3 .6 3 8 .4 21.1 1 2 .3 7. 1 3 .7 53. 42. 30. 43. 187. 182. 124. 132. 1 9 8 1 - Q 1 ............. - Q 2 ............ - Q 3 ............. - Q 4 ............. 10568. 9063. 6818. 8210. 2 4 .0 -14. 2 -2 4 .8 2 0 .4 9 .9 1 3.3 10.7 -3 .7 54. 44. 31. 37. 186. 182. 134. 117. 1 9 0 2 - Q 1 ............. - Q 2 ............ - Q 3 ............. 9633. 8915. 6418. 17.3 -7 .4 - 2 8 ,0 -8 .8 - 1 .6 -5 .9 46. 43. 29, 163. 188. 133. QUABTEB ................... * PBBCENTAGE CHANGE PBOH PBE YIO US IE A B | | AS PERCENTAGE OF LOANS OUT1 _STANDIMG* COLLEC TI ON S 1 1 1 BILLIONS OF 1 DOLLABS 1 I 1 559. 1 574. 1 498. 1 681. 1 I 629. 1 650. J 547. 1 691. 1 669. J 658. 1 536. 1 687. 1 1 683. 1 737. 1 626. 1 842. 1 862. 1 875. J 762. 1 920. J 1 935. 1 953. ! 811. J 1067. 1 1 1011. 1 976, J 871. 1 1162. 1 1 1138. 1 1212. 1 1050. 1 1423. 1 1 1410. 1 1371. 1 1211. 1 1616. 1 1 1580. 1 1554. 1 1363. 1 1773. 1 1 1763. 1 1710. 1 1515. J 1989. 1 1 2186. 1 2109. 1 2126. J 2702. 1 1 2556. 1 2489. J 2266. 1 2670. 1 1 2574. 1 2728. 1 2-403. 1 30 4 3 . 1 1 3088. 1 3290. 1 2704. 1 3288. J 1 3439. 1 3642. 1 2942. i 3397. i 1 3664. 1 40(6 8. 1 3699. J 4604. 1 1 4896. 1 5291. 1 4578. 1 6110. 1 1 6051. 1 5618. 1 4635. 1 6151. \ 1 6630. 1 6472. 1 5232. J 5743. i 5577. i 5992. j 4832. i -i- NEN LOANS | | | 1 PEBCENTAGB CHANGE FBOH PREVIOUS | AS PERCENTAGE OF 1 | LOANS OUTCOLLEC 1 ST AN DI NG* TI O N S QUABTEB TEAR -3 .6 2 .6 - 1 3 .3 3 6 .8 6 .4 11.5 1 2.8 17.3 34. 32. 25. 34. 128. 163. 98. 84. -7 .5 3 .3 -1 5 .9 2 6 .4 12 .5 1 3.3 9 .9 1.6 34. 32. 24. 30. 139. 171. 100. 80. -3 .3 -1 .6 - 1 8 .6 28. 3 6 .2 1 .2 - 2 .1 -0 .6 31. 29. 21. 27. 130. 164. 97. 76. - 0 .6 7 .9 -15. 1 34. 4 2 .2 12. 1 16.9 22 .5 30. 30. 23. 31. 128. 168. 102. 85. 2 .4 1.4 - 1 2 .9 2 0.7 2 6 .2 18.6 2 1 .7 9 .2 33. 31. 24. 29. 132. 164. 99. 91. 1 .6 2 .0 - 1 4 .9 3 1 .5 8 .4 9 .0 6 .5 16.0 31. 29. 22. 30. 137. 161. 95. 95. - 5 .3 -3 .4 -1 0 .7 3 3.4 8.1 2 .4 7 .4 8 .9 28. 26. 21. 29. 127. 149. 89. 91. -2. 1 6 .5 -1 3 .4 3 5 .5 1 2.6 2 4 .2 2 0 .5 2 2 .5 29. 29. 23. 32. 134. 154. 95. 102. - 0 .9 - 2 .8 -1 1 .7 3 3 .4 2 3 .9 13. 1 1 5 .4 1 3.6 31. 28. 23. 31. 137. 147. 93. 105. - 2 .3 - 1f 6 - 1 2 .3 30. 1 1 2 .0 13.3 12.5 9 .7 30. 27. 22. 29. 138. 150. 95. 97. -0 .6 - 3 .0 -1 1 .4 31.3 1 1.6 1 0.0 11.2 12.2 29. 27. 22. 30. 123. 131. 89. 101. 9 .9 -3 .5 0 .8 27. 1 24 .0 2 3.4 40 .4 3 5 .8 33. 30. 28. 35. 118. 134. 110. 107. -5. 4 - 2 .6 -9 .0 17.8 16.9 1 8 .0 6 .6 -1 .2 33. 30. 25. 28. 116. 156. 120. 103. -3 .6 6 .0 -1 1 .9 2 6.6 0 .7 9 .6 6 .0 1 4 .0 27. 27. 22. 28. 124. 135. 101. 100. 1. 5 6. 5 -1 7 .8 21. 6 2 0 .0 2 0 .6 12.5 8 .0 29. 30. 23. 27. 114. 138. 113. 97. 4. 6 5 .9 - 1 9 .2 15. 5 1 1.4 10.7 8 .8 3 .3 28. 29. 21. 24. 113. 147. 112. 85. 7 .9 11 .0 -9 .1 2 4 .5 6 .5 1 1.7 25. 7 3 5 .6 27. 30. 26. 31. 100. 127. 120. 98. 6 .3 8. 1 -1 3 .5 3 3 .5 33 .6 30. 1 2 3 .8 3 2 .7 33. 34. 27. 35. 132. 119. 110. -1 .0 -7. 1 -1 7 .5 3 2 .7 2 3 .6 6 .2 1 .2 0 .7 34. 30. 23. 31. 118. 128. 93. 95. 7. 8 - 2 .4 -1 9 .2 9 .8 9 .6 1 5 .2 12.9 -6 .6 34. 31. 24. 26. 117. 130. 103. 82. - 2 .9 7 .4 - 1 9 .4 -1 5 .9 -7 .4 -7 .6 27. 29. 22. 95. 126. 100. no. LOANS OUTSTANDING AT END OF PRECEDING QUARTER. MNEH LOANS'4 ABB pOHPUTBD AS LOANS HADE LESS BENEHALS. BENEHALS INCLUDE SOHE NONAGBICULTUBAL LOANS (SEE NCTE ON PAGE 8) 12 SABLE 212.2Q P R O D U C T IO N C R E D IT A S S O C IA T IO N S L O A N S H A D E AM D HER L O A N S S E A S O N A L L I-A D J U S T B D A N N U A L R A T E LO AM S M IL L IO N S OF Q U A R TER J | HER HADB P ER C EH TA 6E CHANGE FR O M P R E V IO U S , TION S 1- 3072. 3122. 3305. 3418. 3 .7 1 .6 5 .9 3 .4 8 .2 1 2.5 13.0 15.4 173. 172. 177. 178. 151. 155. 156. 157. | | | | 1963-Q 1. . . . -Q 2. • • • —Q 3 . . . . -Q 4 .... •| . | .1 .J 3415. 3528. 3660. 3628. -0 .1 3 .3 3. 7 -0 .9 1 1.2 1 3 .0 1 0 .7 6.1 171. 170. 170. 163. 164. 163. 160. 155. | | | 1 1 9 6 4 - Q 1 ............... - Q 2 .. . . .1 -Q3. . . . . | —Q 4 . . . . . 1 3732. 3645. 3678. 3730. 2 .8 - 2 .3 0 .9 1.-4 9 .3 3 .3 0 .5 2 .8 164. 157. 155. 152. 159. 161. 160. 149. 19 6 5 -Q 1 .. *Q 2« • —Q 3 . . -Q4. . 3895. 4040. 4200. 4402. 4 .4 3 .7 4 .0 4 .8 4 .4 10 .8 14 .2 18 .0 159. 162. 163. 163. 160. 164. 168. 156. | | | | 4676. <46 92. 5057. 4896. 6 .2 0 .4 7 .8 - 3 .2 20 .0 16. i 2 0 .4 11.2 170. 165. 171. 158. 157. 160. 165. 167. 1 9 6 7 —Q l • . . . | - Q 2 .............J - 0 3 .,.. . | -Q 4. . . . . j 5237. 5320. 5533. 5680. 7 .0 1.6 4 .0 2 .7 12.0 13 .4 9 .4 1 6 .0 163. 160. 160. 159. 1 9 6 8 - Q U ... —Q 2 . . . • —Q 3 . . . . -Q4. . . . . | . i •| . | 5904. 5804. 6137. 6377. 3 .9 -1 .7 5 .7 3 .9 12 .7 9. 1 1 0.9 12 .3 1969-Q 1.. . . -Q 2 .. . . - 0 3 ..., -Q 4 .• • • .4 . | . | • | 6536. 6983. 7154. 7648. 2 .5 6 .8 2 .5 6 .9 1970-Q 1• . . . -Q2. . - 0 3 .... -Q 4. • • • .J . J • | .| 7961. 7995. 8411. 8754. 1 9 7 'f- Q l.... . | - Q 2 . . . . .1 - 0 3 ------- . | -Q 4. . . . . J 197 2 -Q 1 .• • • -Q 2 .. . . -Q 3 .. . . —Q 4 . , . • " STA N D IN G* | | , ........... , 1 1 LO ANS P ER C EN TA G E CHANGE FROM P R E V IO U S 2170. 2220. 2349. 2503. quartI r 1 M IL L IO N S OF OF j i . 1 . | .* . | _i n P ER C EN TA G E 1 9 6 2 -Q 1 ... . —Q2. . . . -Q 3 .... -Q « .... _ IEA$ AS Q dAfT Eil YEAR AS 1 P E R C E N T A fiE STAND IN G* OF II^N S 1.7 2.3 5 .8 6 .6 6 .6 11.2 12.8 1 7.3 122. 122. 126. 131. 107. 110. 111. 115. 2448. 2507. 2577. 2 5 4 1 .. -2 .2 2 .4 2 .8 -1 .4 12 .8 12.9 9 .7 1.5 123. 121. 120. 114. 118. 116. 112. 108. . | | | | 2605. 2535. 2519. 2520. 2 .5 - 2 .7 -0 .6 O.Q 6 .4 1 .1 -2 .2 - 0 .8 115. 109. 106. 103. 111. 112. 110. 101. I | I i 2661. 2845. 2944. 3088. . 5 .6 6 .9 3 .5 4 .9 2. 1 12 .2 16 .9 2 2 .5 109. 114. 114. 1 1 4 .. 110. 116. 118. 110. 1 | | | 3346. 3381. 3584. 3380. 8 .3 1.1 6 .0 -5 .7 2 5 .8 1 8 .8 2 1 .8 9 .5 121. 119. 121. 109. 112. 115. 117. 115. 168. 167. 165. 171. | | | | 3620. 3713. 3812. 3922. 7.1 2 .6 2 .7 2 .9 8 .2 9 .8 6 .3 16.0 113. 111. . 110. 110. 116. 117. 114. 118. 158. 152. 158. 161. 163. 168. 162. 164. 1 | J | 3907. 3820. 4085. 4267. - 0 .4 -2 .2 6 .9 4 .5 7 .9 2 .9 7 .2 8 .8 105. 100. 105. 108. 108. 111. 108. 109. . 1 0.7 2 0 .3 16.6 1 9.9 162. 167. 165. 170. 172. 172. 169. 176. | J | I 4371. 4774. 4907. 5211. 2 .4 9 .2 2 .8 6 .2 11.9 2 5 .0 20. 1 22 .1 108. 114. 113. 116. 115. 118. 116. 120. 4 .1 0. 4 5 .2 4. 1 2 1 .8 1 «.5 17 .6 1 4.5 169. 162. 165. 167. 175. 170. 164. 178. | | | i 5383. 5438. 5644. 5941. 3 .3 1.0 3 .8 5.3 23 .1 1 3.9 15.0 14.0 114. 110. 110. 1 1 3 .. 118. 116. 110. 121. 9097. 9275. 9595. 9801. 3 .9 2 .0 3. 5 2. 1 165. 161. 160. 159. 182. 180. 169. 164. i 1 6.0 1 4 .1 12.0 | | I 6020. 6188. 6321. 6562. 1.3 2 .8 2.1 3 .8 11.8 13 .8 12.0 10.5 109. 107. 105. 106. 121. 120. 111. 110. .| .| .| . J 10220. 10389. 10453. 10860. 4 .3 1.7 0 .6 3 .9 1 2.3 12 .0 8 .9 1 0 .8 162. 161. 159. 165. 168. 162. 153. 168. J | i | 6717. 6822. 6976. 7423. 2 .4 1 .6 2 .3 6 .4 11 .6 10. 2 1 0.4 13. 1 107, 106. 106. 113. 110. •10 6. 102. 115. 1 9 7 3 —Q l . . . • -Q 2. . . . - Q 3 -----—Q 4 . . . . . | .| . | . | 12060. 12111. 14194. 14284. 1 1.0 0 .4 17.2 0 .6 1 8.0 16 .6 3 5 .8 3 1 .5 177. 173. 197. 188. 158. 158. 180. 171. J I | | 8365. 8357. 9737. 10166. 1 2.7 -0 .1 16.5 4.4 2 4 .5 2 2 .5 3 9 .6 3 7 .0 123. 119. 135. 134. 110. 109. 123. 122. 1 9 7 4 —Q1. . . -Q 2 .. . -Q 3 ... -Q 4 .. . . . . . .1 . | .J .| 13705. 13873. 15233. 14876. -4. 1 1.2 9 .8 -2 .3 1 3 .6 14.6 7 .3 4. 1 171. 168. 173. 160. 156. 182. 193. 173. | | J | 9824. 9758. 10326. 10040. -3 .4 -0. 7 5 .8 - 2 .8 1 7.4 1 6 .8 6 .0 -1 .2 122. 118. 118. 108. 112. 128. 131. 117. 1 975-Q 1.. . —Q2. • • -Q3. . . -Q 4. . . . • . . • | .| . | . | 15037. 15801. 16362. 16919. 1. 1 5. 1 3 .5 3 .4 9 .7 13.9 7 .4 1 3 .7 155. 156. 158. 160. 184. 165. 160. 168. | | | J 9989. 10535. 10948. 11488. - 0 .5 5 ,5 3 .9 4 .9 1 .7 8 .0 6 .0 14.4 103. 104. 105. 109. 122. 110. 107. 114. 1 9 7 6 —Q l . . -Q2. . -Q 3. . —Q 4 . . . . . . . . . . | | 1 J 17897. 18242. 18197. 18626. 5 .8 1.9 -0 .2 2 .4 19 .0 1 5.4 11.2 10. 1 164. 162. 156. 154. 169. 163. 174. 165. | ] j | 11947. 12559. 12354. 12567. 4 .0 5.1 -1 .6 1. 7 19 .6 1 9.2 12.8 9 .4 109. 111. 106. 104. 112. 112. 118. 111. 1977-Q 1• . . . -Q 2 .. . . - Q 3 ------Q 4. . . . . . . . | | | | 20128. 20428. 20031. 19652. 8. 1 1 .5 - 1 .9 - 1 .9 12 .5 12 .0 10.1 5 .5 162. 160. 150. 143. 169. 178. 171. 147. . 1 | | J 13301. 13810. 13528. 13089. 5 .8 3 .8 -2 .0 - 3 .2 11. 3 1 0 .0 9 .5 4 .2 107. 108. 101. 95. 112. 120. 116. 98. 1978-Q 1.. . -Q 2 .• • -Q 3 ... -Q4. . . . . • . .<. . . | | J | 21287. 22705. 24581. 25174. 8 .3 6 .7 8 .3 2 .4 5 .8 1 1.1 2 2 .7 28.1 156. 166. 176. 172. 150. 155. 177. 162. | | | | 14049. 15434. 17109. 17840. 7 .3 9 .9 10.8 4.3 5 .6 11 .8 2 6 .5 3 6 .3 103. 113. 123. 122. 99. 105. 123. 115. 1979-Q 1• -Q 2. -Q3. —Q4. • . | . .! . . | *>. | 26428. 28121. 30067.. 32703. 5 .0 6 .4 6 .9 8 .8 24.1 2 3 .9 2 2 .3 2 9 .9 174. 180. 185. 191. 154. 153. 172. 176. I | I | 18665. 20128. 21237. 23706. 4 .6 7 .8 5 .5 11. 6 3 2 .9 3 0 .4 24. 1 3 2 .9 123. 129. 131. 139. 109. 110. 12?. 127. .. .| • • | . . .4 .. | 19 66—Q1. . . . -Q2. . . . - 0 3 .... -0 4 .... . . . . •• .. .. .. 1 9 8 0 -Q l... . -Q 2. . . . - 0 3 .... —Q4. . . . .J .| . | .4 33083. 31515. 32175. 333.69. -1 .9 -1 .8 2. 1 3. 7 2 1 .4 12. 1 7 .0 2 .0 175. 164. 164. 171. 162. 157. 144. 154. | i | | 23038. 21454. 21486. 2 3 5 5 3 .. -2 .8 - 6 .9 0 .2 9 .6 2 3 .4 6 .6 1.2 -0 .6 125. 111. 110. 121. 116. 107. 96. 109. 1 9 8 1 -Q 1 .... - 0 2 .... - Q3. • . • —Q4. . . . . | .1 .J . j 35194. 35594. 35621. 32223. 5 .5 1. 1 0. 1 -9 .5 9 .7 12 .9 1 0.7 -3 .4 176. 170. 1.66. 147. 161. 158. 157. 136. | | 1 J 25084. 24771. 24258. 22064. 6.5 -1 .2 - 2 .1 - 9 .0 8 .9 15 .5 12.9 -6 .3 125. 118. 113. 101. 115. 110. 107. 93. 1.982-Q1. . . . .1 - Q 2 . . . •,. | -Q 3 .. . . . | 32018. 35154. 33637. -0 .6 9 .8 -4 .3 -9 .0 - 1 .2 -5 .6 149. 167. 158. 141. 163. 156. | | | 21023. 23010. 22463. -4 .7 9 .5 -2 .4 -16. 2 -7. 1 -7 .4 98. 109. 106. 92. 107. 104. P R E C E D IN G Q U A R TE R . * S E A S O N A L L Y -A D J U S T E D LO AN S O U T S T A N D IN G A T END OF "HER LOANS" ARE COMPUTED AS LOANS HADE LESS RENBHALS, AND THEN SEASONALLY ADJUSTED. RENEWALS INCLUDE SOME NONAGRICULTURAL LOANS (SEB NOTE ON PAGE 8). 13 TABLE 212.3Q YEAB ENDING— 1 9 6 2 -Q 1 ... ” Q2. • • - Q 3 ... -Q 4 ... PRODUCTION CR ED IT A SSO CI A TI O N S LOANS HADE AND NEW LOANS FOUR-QUARTER HOVING TOTAL LOANS HADE 1 CHANGE FROM | AS PERCENTAGE OF 1 PREVIOUS YEAB | 1 MILLIONS OF _____ . 1 .r DOLLARS MILLIO NS LOANS OUT COLLEC OF PERCENT | STAN DING* TIONS J ___iL ______ L_-DOLLARS 1 2936. 232. 8.6 170. 151. 3021. 281. 1 0.3 172. 153. 3090. 298. 1 0.7 171. 152. 3217. 348. 12. 1 174. 153. NEW LOANS | CHANGE FROM j| AS PERCENTAGE OF 1 MILLIONS | | PREVIOUS YEAB |1 OF |1 i1 DOLLARS | MILLIO NS ' I| LOANS OUT- COLLEC | OF ST A N D IN G* PERCENT || TI ON S 1 ( . I1 __________________ J1 DOLLARS 2096. 2155. 2211. 2312. 158. 190. 209. 250. 8 .1 9 .7 10.5 12. 1 122. 122. 122. 125. 108. 109. 109. 110. 1 9 6 3 —Q1. • • . . 1 -Q 2 ... -Q 3 ... -Q 4 ... 3320. 3422. 3487. 3551. 384. 401. 397. 333. 13. 1 1 3.3 12.8 10 .4 175. 174. 171. 167. 157. 159. 159. 158. 2382. 2458. 2507. 2518. 286. 303. 296. 206. 13.6 14. 1 13.4 8 .9 125. 125. 123. 119. 112. 114. 115. 112. 1 9 6 4 -Q 1 ... -Q2. . . • • j -Q 3 ... - Q 4 ... 3645. 3671. 3673. 3705. 325. 249. 186. 154. 9 .8 7 .3 5 .3 4 .3 167. 163. 159. 157. 158. 158. 157. 156. 2557. 2565. 2553. 2549. 176. 107. 46. 31. 7 .4 4 .3 1.8 1.2 117. 114. 111. 108. 111. 110. 109. 107. 1 9 6 5 -Q 1 .,. - Q 2 ... -0 3 ... -Q 4 ... 3756. 3850. 3948. 4136. 111. 180. 275. 430. 3 .1 4 .9 7 .5 11.6 156. 157. 158. 162. 157. 158. 158. 160. 2 564. 2643. 2734. 2889. 7. 79. 180. 340. 0 .3 3. 1 7.1 1 3.3 107. 108. 109. 113. 107. 109. 110. 112. 1.96 6 - Q 1 . . . -0 2 ... - 0 3 ... -0 4 ... 43-69. 4527. 4688. 4813. 613. 677. 740. 678. 16 .3 1 7.6 18 .7 16.4 166. 166. 166. 165.. 161. 162. 159. 162. 3068. 3205. 3341. 3419. 504. 562. 607. 530. 19.6 2 1 .2 2 2 .2 18.3 lie, 116. 118. 117. 113. 115. 113. 115. 1 9 6 7 -Q 1 ... -Q 2 .• • -0 3 ... - Q 4 ... 4985. 5129. 5221. 5428. 616. 602. 533. 615. 14.1 13.3 11 .4 1 2 .8 164. 163. 159. 160. 166. 168. 166. 167. 3491. 3570. 3619. 3766. 423. 365. 278. 348. 13.8 11.4 8 .3 10.2 115. 113. 110. 111. 116. 117. 115. 116. 1 9 6 8 -Q 1 ... - 0 2 ... -0 3 ... -Q 4 ... 5632. 5752. 5870. 6053. 647. 623. 649. 625. 1 3 .0 12.1 1 2.4 11 .5 160. 158. 156. 157. 167. 168. 165. 163. 3842. 3865. 3925. 4020. 351. 295. 306. 254. 10. 1 8 .3 8 .4 6 .7 109. 106. 104. 104. 114. 113. 110. 108. 1 9 6 9 -Q 1 ... -Q 2 ... . . | -0 3 ... - 0 4 ... 6254. 6529. 6727. 7077. 622. 777. 857. 1024. 11 .0 13.5 1 4 .6 1 6.9 159. 162. 162. 166. 166. 167. 167. 171. 4147. 4383. 4562. 4823. 305. 519. 637. 803. 7 .9 13.4 1 6.2 2 0.0 106. 109. 110. 113. 110. 112. 113. 116. 7508. 7742. 7987. 8277. 1254. 1213. 1260. 1199. 2 0 .0 1 8 .6 1 8.7 16.9 169. 167. 165. 165. 174. 174. 171. 172. 5095. 52 5 4 . 5415. 5608. 948. 870. 853. 786. 2 2 .9 19.9 1 8.7 16.3 115. 113. 112. 112. 118. 118. 116. 117. 8617. 8923. 9158. 9421. 1109. 1181. 1170. 1145. 1 4.8 1 5.9 1 4.7 13 .8 165. 164. 162. 160. 175. 178. 178. 173. 5778. 5961. 6112. 6269. 683. 707. 697. 661. 13 .4 13. 5 12.9 11 .8 111. 110. 108. 106. 117. 119. 119. 115. 9759. 10021. 10197. 10439. 1142. 1098. 1040. 1017. 13 .2 12.3 11.4 1 0 .8 160. 160. 160. 161. 170. 167. 162. 163. 6452. 6608. 6760. 6976. 674. 647. 648. 707. 11.7 10.9 10.6 11.3 106. 106. 106. 1C7 . 112. 110. 108. 109. 10982. 11420. 12154. 13028. 1223. 1399. 1956. 2590. 12.5 14.0 1 9.2 2 4 .8 166. 169. 175. 181. 161. 161. 166. 165. 7400. 7799. 8411. 9123. 948. 1191. 1651. 2147. 1 4.7 1 8 .0 2 4 .4 3 0 .8 112. 115. 121. 127. 108. 110. 115. 116. 13518. 13996. 1* 42 06. 14359. 2536. 2576. 2052. 1331. 23. 1 2 2 .6 1 6 .9 1 0.2 180. 179. 173. 166. 164. 169. 173. 174. 9493. 9873. 10013. 9981. 2093. 2073. 1602. 858. 28 .3 2 6.6 1 9 .0 9 .4 127. 126. 122. 115. 115. 119. 122. 121. 14744. 15256. 15472. 15997. 1226. 1260. 1266. 1638. 9 .1 9 .0 8 .9 1 1.4 163. 160. 156. 156. 181. 178. 171. 168. 10000. 10238. 10375. 10748. 507. 366 . 362. 767. 5 .3 3. 7 3 .6 7. 7 110. 108. 105. 105. 123. 120. 115. 113. 16868. 17519. 17862. 18256. 2124. 2263. 2390. 2259. 14.4 1 4 .8 15 .4 14. 1 160. 162. 160. 158. 166. 167. 170. 168. 11262. 11824. 12124. 12369. 1262. 1586. 1749. 1621. 1 2.6 15.5 16.9 15. 1 107. 109. 109. 107. 111. 113. 115. 114. 18935. 19510. 19844. 20049. 2066. 1991. 1982. 1794. 12.2 1 1.4 9 .8 159. 159. 156. 152. 169. 172. 172. 165. 12721. 13073. 13311. 13420. 1459. 1249. 1186. 1050. 1 3.0 1 0.6 9 .8 8 .5 107. 106. 105. 102. 113. 115. 115. 110. 20429. 21013. 21869. 23198. 1494. 1502. 2025. 3148. 7 .9 7 .7 1 0.2 15.7 152. 154. 158. 165. 160. 156. 157. 159. 13644. 14070. 14828. 16036. 933. 997. 1517. 2616. 7 .3 7 .6 1 1 .4 19.5 101. 103. 107. 114. 107. 104. 106. 110. 24755. 26152. 27190. 29 0 2 7. 4326. 51 3 9 '. 5321. 5830. 2 1 .2 2 4 .5 2 4 .3 25. 1 172. 176. 176. 180. 161. 161. 160. 162. 17267. 18490. 193 69. 20875. 3623. 4420. 4542. 4 840. 2 6 .6 3 1 .4 3 0 .6 3 0 .2 120. 124. 125. 130. 112. 114. 114. 117. 30704. 31578. 31984. 32289. 5949. 5427. 4794. 3262. 2 4 .0 2 0 .8 17. 6 1 1.2 182. 178. 171. 168. 165. 167. 159. 154. 22030. 22358. 22414. 22455. 4763. 3867. 30 45. 1580. 2 7 .6 2 0 .9 15.7 7.6 130. 126. 120. 116. 119. 118. 112. 107. 33243. 34309. 34969. 34653. 2540. 2731. 29 8 5 . 2369. 8 .3 8 .6 9 .3 7 .3 169. 171. 170. 164. 155. 155. 158. 152. 23034. 23887. 24485. 24077. 1003. 1530. 2071. 1622. 4 .6 6 .8 9 .2 7 .2 117. 119. 119. 114. 107. 108. 110. 106. 33723. 33576. 33176. 480. -734. -1794. 1.4 - 2 .1 -5. 1 15 7 . 156. 154. 147. 148. 147. 2 3 0 2 5. 22545. 22145. •*9 . -1342. -2339. -0 .0 -5 .6 -9. 6 107. 105. 103. 100. 99. 98. 1 1 9 7 0 -Q 1 ... -0 2 ... - 0 3 ... -Q 4 ... 1 1 9 7 1 -Q 1 ... -Q 2 ... - 0 3 ... -Q 4 ... J 1 9 7 2 -Q 1 ... - 0 2 ... -Q 3 ... -Q 4 ... i 1 9 7 3 -Q 1 ... —Q 2 . . . - 0 3 ... -Q 4 ... 1 1 9 7 4 -Q 1 ... -Q 2 ... -Q 3 ... - 0 4 ... 1 1 9 7 5 —Q1. • • - Q 2 ... —Q 3 . a ■ . . J -04. .. 1 9 7 6 -Q 1 ... -Q2. - 0 3 ... - 0 4 ... 1 9 7 7 -Q 'l... -0 2 ... - 0 3 ..,. -Q 4 ... 1 J 1 9 7 8 -0 1 ... -Q 2 ... -Q 3 ... - 0 4 ... 1 1 9 7 9 -Q 1 ..., -0 2 ..., -Q3. • • < - 0 4 -----1 9 8 0 -Q 1 .... - Q 2 ------Q 3 .... - 0 4 .... 1 9 8 1 -Q 1 ..., - 0 2 .... - 0 3 ------ Q 4 .,..- I J 1 1982-Q1. . . . - 0 2 ------ Q 3 -----_ L _ 1 1. 1 * AVERAGE LOANS OUTSTANDING DUBING THE PRECEDING FOUJ QUARTERS (AVERAGE OF END-OF-QUAHTEB DATA). "NEH LOANS" ABE CONFUTED AS LOANS MADE LESS RENEWALS. RENEWALS INCLUDE SOME NONAGBICULTURAL LOANS (SEE NOTE ON PAGE 8 ) . 14 TABLE 212.1Q PRODUCTION CREDIT ASSOCIATIONS RENEWALS AND COLLECTIONS J I | MILL IONS OF 1 DOLLARS J QUARTER | | i I AS PERCENTAGE OF 1 | LOANS OUTLOANS COL LECTIONS I STAN DI NG* ____ MA£B AND RENEWALS | I | I MILLIONS | OF j DOLLARS d 1 PERCENTAGE CHANGE FROM PREVIOUS | AS PER | CENTAGE OF LOANS OUT 1 S TA N D IN G* QUARTER YEAR 307. 189. 134. 276. 2 2 .7 - 3 8 .2 -2 9 .4 1 06.7 12.1 16.3 10.5 10.6 19. 11. 7. 14. 35. 25. 21. 29. 41. 35. 21. 2 6 .. I | | | 438. 352. 510. 806. -4 0 .3 -1 9 .6 44 .9 5 8 .0 11 .2 9 .2 13. 8 9. 9 26. 20. 26. 41. 339. 215. 150. 329. 2 2 .6 - 3 6 .4 -30. 5 1 19.9 10.5 13 .8 11 .9 1 9.1 18. 11. 7. 14. 35. 25. 21. 32. 43. 36. 21. 28. | | j | 453. 379. 549. 865. -4 3 .7 -16. 4 44. 6 57 .7 3 .6 7. 8 7 .6 7 .4 24. 19. 24. 38. i 1 1 9 6 2 - Q l .............J - Q 2 .............| - 0 3 ............ 1 - Q 4 .,.,.| COL LECTIONS RENEWALS PERCENTAGE CHANGE FROM PREVIOUS QUARTER. TEAR 1 9 6 3 -Q 1 ...., | - Q 2 .............| -Q 3. . . . . . 4 - Q 4 .............| 4 1 9 6 4 - Q 1 .............J -Q 2 .....4 - Q 3 .............| - Q 4 ............ 4 1 1 9 6 5 - Q 1 .............J -Q 2 .....J - Q 3 .............4 - Q 4 .....J 394. 234. 163. 366. 19 .7 -4 0 .6 -3 0 .3 124.5 1 6.3 8 .5 8 .8 1 1.1 19. 10. 6. 15. 37. 26. 23. 35. 43. 37. 23. 29. | | | | 514. 401. 554. 903. - 4 0 .6 - 2 2 .0 3 8 .3 6 2 .9 1 3 .4 5 .6 1 .0 4 .4 24. 18. 22. 36. 430. 248. 170. 399. 17.6 -4 2 .3 - 3 1 .6 1 34.7 9 .3 6 .2 4 .3 9 .0 19. 10. 6. 14. 39. 25, 21. 32. 45. 36. 22. 29. I | I | 533. 440. 616. 995. -4 1 .0 -1 7 .5 40. 1 6 1 .6 3 .6 9 .7 11. 1 1 0.2 23. 18. 22. 36 .. 1 9 6 6 - Q 1 ............. J **Q2.............| - Q 3 .............1 - Q 4 ............... 485. 269. 195. 446. 2 1 .6 -44. 5 -2 7 .5 12 8 .9 12.7 8 .3 14.8 11 .9 19. 10. 6. 14. 36. 24. 20. 33. 43. 34. 20. 31. | | | | 655. 533. 768. 1015. -3 4 .2 - 1 8 .5 44. 1 32. 1 2 2 .9 2 1 .2 2 4.7 1 .9 25. 19. 24. 32. 1 9 6 7 -Q 1 .,...| - Q 2 ............ j -Q 3 .....J - Q “ .............1 584. 335. 237. 506. 3 0 .9 -4 2 .7 -29. 1 113. 1 2 0 .5 2 4 .4 2 1 .8 13.4 19. 10. 6. 14. 38. 26. 23. 32. 46. 22. 31. | | | | 684. 591. 853. 1121. -3 2 .6 -13. 5 44 .3 3 1 .4 4 .5 10 .9 11. 1 10.5 22. 18. 23. 31. 1 9 6 8 - Q 1 .............| - Q 2 ............... - 0 3 ... - Q 4 .............| 712. 432. 296. 593. 4 0 .8 -3 9 .4 -3 1 .6 1 00.7 2 2 .0 29.1 2 4 .6 17.3 20. 11. 41. 31. 25. 34. 47. 40. 23. 32. I I | I 797, 655. 983. 1281.. -2 8 .9 -1 7 .9 5 0 .1 3 0 .3 1 6 .6 10 .7 15. 2 1 4 .2 22. 17. 24. 32. 1 9 6 9 - Q 1 .............J “ Q2.............| - 0 3 .............| - 0 4 .............1 786. 471. 315. 683. 32. 5 -4 0 .1 -3 3 .0 116.5 10 .3 9 .0 6 .6 1 5 .1 20. 11. 41. 28. 23. 32. 48. 37. 22. 33. | | | I 850. 787. 1107. 1396. -3 3 .# -7 .4 4 0 .7 26. 1 6 .6 20 .2 12 .7 9 .0 22. 19. 24. 31. 1 9 7 0 - Q 1 .............| -Q 2 .....4 - Q 3 .............| —Q 4 . f . . . | 944. 547. 399. 779. 38 .3 -42. 1 -2 7 .0 9 5 .1 20.1 16.1 2 6 .6 14. 1 21. 11. 7. 15. 40. 29. 25. 33. 48. 37. 23. 34. . ] | I | 1029. 930. 1308. 1533. -2 6 .3 -9 .6 4 0 .7 17.2 21. 1 18. 1 18.1 9 .8 23. 19. 24. 2 9 .. 1 9 7 1 -Q l.,...| - 0 2 .............1 - 0 3 ............. | —Q4. • . . , | 1115. 670. 483. 885. 4 3 .2 - 3 9 .9 -2 7 .9 8 3 .3 1 8 .1 2 2 .5 2 0 .9 1 3.7 21. 12. 8. 14. 41. 30. 26. 49. 39. 25. 33. 3 3 .. I | I | 1149. 1033. 1442. 1833. -2 5 .0 -1 0 .0 3 9 .5 27.1 1 1.7 11 .2 1 0.2 1 9 .6 18. 23. 3 0 .. 1 9 7 2 - Q 1 . | - Q 2 .............| - 0 3 .,.,.| - Q 4 .............| 1269. 776. 507. 910. 43. 4 - 3 8 .9 -3 4 .6 7 9 .5 1 3 .8 1 5 .9 5 .1 2 .9 21. 12. 7. 14. 42. 31. 25. 31. 47. 37. 23. 32. I I | | 1439. 1304. 1708. 1973. -2 1 ,# - 9 .4 3 1 .0 15.5 2 5 .2 2 6 .2 18 .5 7 .6 24. 20. 25. 30. 1 9 7 3 - Q 1 .............J - 0 2 ....,| - 0 3 ............ | - Q 4 ............ 1 1389. 815. 630. 1072. 5 2 .5 -4 1 .3 - 2 2 .7 7 0 .3 9 .4 5 .0 24.1 1 7 .8 21. 12. 8. 14. 39. 28. 23. 28. 43. 34. 25. 30. | | h | 1854. 1571. 1938. 2529. - 6 .0 -1 5 .2 23 .4 3 0 .5 2 8 .8 2 0 .5 1 3 .5 2 8 .2 28. 23. 26. 33. 1 9 7 4 - Q l .............4 -Q 2 .,V ..J - 0 3 .............J — Q4.............1 1509. 913. 699. 1257. 4 0 .7 -3 9 .5 -2 3 .4 7 9 .8 8 .6 1 2.1 11.0 17.2 19. 11. 8« 13. 37. 27. 24. 32. 41. 36. 27. 33. | I | I 2203. 1597, 1888. 2585. -1 2 .9 - 2 7 .5 18.2 3 6 .9 1 8 .8 1 .7 -2 .6 2 .2 28. 19. 2 1 .. 27. 1 9 7 5 - Q 1 ............. | - 0 2 .............J - Q 3 .,...4 - 0 4 ............. 1 1876. 1187. 778. 1409. 4 9 .2 -3 6 .7 -3 4 .5 8 1 .2 2 4 .3 3 0 .0 1 1.3 12.1 20. 12. 7. 13. 42. 30. 24. 32. 48. 37, 25. 32. . I | I | 2069. 2022. 2379. 303 1 .. -2 0 .0 -2 .3 17.6 27 .4 -6. 1 26. 6 2 6 .0 17.2 22. 20. 22. 28. 1 9 7 6 - Q 1 .......... J - 0 2 .............1 - Q 3 ..... | - Q 4 ........... .. 2233. 1275. 820. 1557. 5 8 .5 -4 2 .9 -3 5 .7 8 9 .8 1 9.1 7 .5 5 .5 10 .5 21. 11. 7. 13. 42. 28. 23. 32. 45. 35. 26. 31. | | | | 2709. 2390. 2385. 3403. -1 0 .6 - 1 1 .8 - 0 .2 4 2 .7 3 0 .9 1 8 .2 12 .3 25. 22. 20. 28. 1 9 7 7 —Q1 .......... | - 0 2 .......... | - 0 3 ........... 1 - 0 4 ...........| 2561. 1499. 916. 1654. 6 4 .4 -4 1 .5 -3 8 .9 8 0 .5 14 .7 17.6 1 1 .7 6 .2 21. 12. 43. 29. 24. 33. 46. 38. 26. 29. | I | | 3055. 2480. 2620. 4010. - 1 0 .2 -1 8 .8 5 .6 53. 1 12. 8 3 .7 9 .8 17 .8 25. 20. 19. 28. 1 9 7 8 - Q 1 .......... | - 0 2 ...........| - 0 3 .......... | - Q 4 .............I 2716. 1657. 1015. 1775. 6 4 .2 -3 9 .0 - 3 8 .8 7 4 .9 6 .1 10 .5 1 0.8 7 .3 20. 12. 43. 29. 7. 22. 12. 28. 43. 34. 25. 28. 1 | | I 3669. 3193. 3074. 4678. -8 .5 -1 3 .0 -3 .7 5 2 .2 20. 1 2 8 .8 17 .3 16. 7 27. 24. 21. 31. 1 9 7 9 - Q 1 .............| - 0 2 .............| - Q 3 .............| — Q4.............| 3041. 1830. 1174. 3106. 71 .4 -3 9 .8 -3 5 .9 7 9 .4 12 .0 10.5 15.7 18.7 20. 12. 7. 12. 38. 26. 20. 26. 41. 23. 27. | | I I 4440. 4018. 3852. 5567. -5 .1 -9 .5 -4. 1 4 4.5 2 1 .0 2 5 .8 2 5 .3 19 .0 30. 26. 23. 32. 1 9 8 0 - 0 1 .....| - 0 2 .............| - 0 3 .............1 -Q 4 .....J 3563. 2378. 1523. 2370. 69. 1 - 3 3 .3 - 3 5 .9 5 5 .6 17.1 2 9 .9 2 9 .7 12 .5 20. 13. 8. 12. 37. 30. 25. 28. 41. 35. 23. 27. I | | i 5136. 4405. 4961. 6454. - 7 .7 -14. 2 12.6 30. 1 15. 7 9 .6 2 8 .8 15. 9 28. 23. 25. 32. 1 9 8 1 - Q 1 .......... | - 0 2 ............ | - 0 3 .,...| - Q 4 .,...| 3938. 2591. 1586. 2466. 6 6 .2 - 3 4 .2 -3 8 .8 5 5 .5 1 0.5 8 .9 4.1 4. 1 20. 13. 7. 11. 37. 29. 23. 30. 41. 34. 24. 26. I | I I 5679. 4976. 5075. 7022. -1 2 .0 -12. 4 2 .0 3 8 .4 10 .6 13 .0 2 .3 8 .8 29. 24. 23. 31. 1 9 8 2 -Q 1 .,...J - 0 2 .............| - 0 3 .............| 4055. 2923. 1586. 64. 4 -2 7 .9 -4 5 .8 3 .0 1 2.8 - 0 .0 19. 14. 7. 42. 33. 25. 41. i 38. d | 5899. 4749. 4837. - 1 6 .0 -1 9 .5 1.9 3 .9 -4 .6 -4 .7 28. 23. 22. * LO AN S RENEW ALS O U T S T A N D IN G AND AT END C O L L E C T IO N S <CF ' P R E C E D IN G IN C L U D E SOME 7. 15. 7. 15. 7. 12. 3 6. 31. 25. Q U A R TE R . N O N A G R IC O L T U R A L LO AN S (S E E N O TE ON PAGE 8} 0 .3 22. 15 TABLE 213.2Q PRODUCTION CREDIT ASSOCIATIONS RENEWALS AND COLLECTIONS SEASONALLY-ADJUSTED ANNUAL RATE RENEWALS QUARTER | MILLIONS 1 i I or 1 PERCENTAGE CHANGE FROM PREVIOUS DOLLARS J 1 1 QUARTER YEAR COLLECTIONS 1 1 4 AS PERCENTAGE OF | BILLIONS 1 | 1 OF 1 LOANS COLLECTIONS! DOLLARS | I LOANS OUT AND RENEHALSl J STANDING* .. HADE 1 . PERCENTAGE CHANGE FRON PREVIOUS QUARTER YEAR | AS PER| CENTAGE OF | LOANS OUT1 STANDING* 1 1962— Ql. ... .1 -Q2.... I -Q3. ... | -Q4--- •J 878. 901. 940. 940. 3.3 2.7 4.3 -0 . 1 12.4 16.3 11.7 1963— Q l ... J '. -Q2.... 1 -Q3.... | -Q4.... | 964. 1015. 1065. 1107. 2.6 5.3 4.9 4.0 12.6 1964-Q1.....| -Q2. .. . | -Q3. ... . 1 -Q4--- | . 1114. 1172. 1221. 1965—Q 1.••• | -Q2--- . | -Q3--- | —Q4«... 1 49. 50. 50. 49. 29. 29. 28. 27. 30. 31. 31. 30, | | | I 2030. 2019. 2119. 2173. 2.5 -0.5 4.9 2 .6 13.2 17.8 48. 49. 49. 50. 28. 29. 29. 31. 32. 32. 32. 32. | | I | 2077. 2165. 2 291. 234 7 . -4. 4 4.2 5.8 2. 5 2.3 7.2 8 .1 0.3 0.4 5.2 4.2 15. 1 9.8 1 0 .1 10.3 49. 48. 49. 50. 30. 31. 32. 33. 32. 33. 34. 33. _ 1 I I | 2345. 2265. 2296. 2500. -0 . 1 -3.4 1.4 8.9 12.9 4.6 . 1182. 1231. 13 22. -0.9 -2.3 4. 1 7.4 9. 1 49. 47. 46. 49. 31. 29. 29. 30. 33. 32. 33. 32. | I | I 2427. 2458. 2496. 2819. -2.9 1.3 1.5 13.6 3.5 8 .5 8.7 12.8 1966-Q1... . I -Q2.... | -Q3--- . | -Q4. ... . | 1347. 1288. 1418. 1516. 1.9 -4.4 1 0 .1 6.9 11.2 29. 27. 28. 31. 31. 31. 32. 34. 2981. 2929. 3064. 2935. 22.8 -1 . 8 4.6 -4.2 22.8 1967— Q1.... -Q2. .. • | -Q3--- 1 -Q4.... . J 1610. 1604. 1720. 1758. 6 .2 2.2 19.5 24.6 21.3 15.9 50. 48. 50. 49. 31. 30. 31. 31. 34. 33. 34. 35. | | | I I i | | | 5.7 8.9 15.2 14.7 49. 45. 48. 49. 3113. 3185. 3351. 3325. 1968-Q1. ... | -Q2 .... i -Q3.... 1 -Q4.... | 1950. 2017. 2121. 2129. 11.0 2 1.1 33. 35. 35. 33. 35. 37. 36. 35. | | | I 3616. 3452. 3799. 3899. -4.6 10 .1 21.1 52. 53. 55. 54. 1969-Q1.... . 4 -Q2 .... | -Q3.... J -Q4.... 1 2128. 2209. 2233. 2455. -0 . 1 3.8 53. 53. 51. 54. 33. 32. 31. 32. 36. 35. 35. 36. | | 1 | 3800. 4060. 4235. 4355. -2 . 6 6.9 4.3 9.9 9. 1 9.5 5.3 15.3 1970-Q1.,.... 1 -Q2.... I — Q3« ... ! j -Q4.... , 2554. 2570. 2790. 2844. 4.0 20.0 1.9 16.3 25.0 15.9 32. 32. 33. 32. 36. 35. 35. 37. i 0.6 8.6 54. 52. 55. 54. | | | 4546. 4706. 5138. 4910. 1971-Q1....,.| -Q2.... .| . -Q3.... .I -Q4.... .| 3018. 3121. 3342. 3273. .1 3.4 7. 1 -2 . 1 18.2 21.4 19.8 15. 1 55. 54. 56. 53. 33. 34. 35. 33. 38. 38. 37. 35. | | | | 4990. 5148. 5670. 5962. 1.6 9.8 9. 4 10.4 21. 4 1972— Ql.•••<.| — Q2 .•••..1 -Q3......J -QU......| 3424. 3638. 3492. 3482. 4.6 -4.0 -0.3 13.5 16.6 4.5 6.4 54. 56. 53. 53. 34. 35. 33. 32. 36. 36. 34. 3 5. | ! 1 | 6097. 6419. 6819. 6480. 1973-Q1....,.| — Q2 .•• •< .| 4 -Q3.....> —Q4... . . .| 3726. 3736. 4342. 4139. 7.0 0.3 16.2 -4.7 8.8 2.7 24.3 18.9 55. 53. 60. 54. 31. 31. 31. 29. 33. 33. 35. 33. | | | 7616. 7641. 7904. 8356. 1974-Q1...• .| , -Q2......| -Q3.••• .1 — Q4.•••,.| 4021. 4125. 4848. 4914. -2.9 7.9 10.4 11.7 18.7 50. 50. 55. 53. 29. 30. 32. 33. 31. 35. 38. 36. J | | | 1975-Q1. .. . .| . -Q2. .. . .1 . — Q3.... ,| , -Q4.•••..| 4969. 5313. 5444. 5491. 1. 1 6.9 2.5 0.9 23.6 28.8 12.3 11.7 51. 52. 52. 52. 33. 34. 33. 32. 38. 36. 35. 35. J 1.976— Q1..... — Q2 .•••.. 4 -03.... .| -Q4.... ,| 58-67. 5658. 5792. 6108. 6.9 -3.6 2. 4 5. 5 18. 1 6.5 6.4 11.2 54. 50. 50. 51. 33. 31. 32. 33. 1977-Q1.... , 4 -Q2.... .| -Q3. ••• <| > -Q4.... .| 6689. 6625. 6483. 6629. 9.5 14.0 17. 1 11.9 8.5 54. 52. 48. 48. 1978-Q1.... ,| - 0 2 .... 1 J -Q3.,..., 1 -Q4.... , 7070. 7129. 7150. 7355. 5.7 7.6 10.3 10.9 | | | j 7938. 7677. 8198. 9049. 7.9 ■3 3 *. 1980-Q1.... j - 0 2 .... 1 -Q3.... | -Q4* *••• 1 9346. 10002. 10552. 10171. 1981— Ql.... -Q2.... -Q3.... -04.... | 10368. 10587. 10930. 10579. 1982-Q1.... 1 — Q2 ••• •. 1 -Q3.... 1 10681. 11947. 10897. 1979-Q1.... -Q2.... -Q3.... -Q<*.... | J | 1110 1211 -0. 4 7.2 3.4 5. 1 0.4 1.0 6 10.6 9.9 6.1 5.0 8.3 25.7 23.3 8.5 9.7 8.0 0.2 6.5 19.2 4. 1 6.0 4.4 2.3 5.2 6 .8 114. . 114. 113. 111 104. 104. 106. 105. 103. 97. 97. 102. 99. 99. 97. 105. 108. 103. 103. 95. 9.4 13.3 97. 96. 97. 93. 16.2 8 .4 13.4 17.3 97. 91. 98. 98. 2.8 5. 1 17.6 11.5 11.7 94. 97. 97. 37. 4.4 3.5 9.2 -4.5 19.6 15.9 21.3 12.7 -0 . 8 8.8 2.6 3. 2 1 0 .1 5.2 96. 96. . 93. 101 90. 89. 94. 97. -5.0 24.7 20.3 8.7 97. 99. 104. 98. 17.5 0.3 3.4 5.7 24. 9 19.0 15.9 29.0 112. 109. 109. 110. 8768. 7631. 7892. 8592. 4.9 -13.0 3.4 8.9 15.1 -0 . 1 -0 . 1 109. 92. 90. 92. | | | | 8155. 9564. 10208. 10070. -5. 1 17.3 6.7 -1.3 -7.0 25.3 29.3 17.2 84. 94. 98. 95. 36. 34. 36. 35. I | | | 10621. 11175. 10484. 11298. 5.5 5.2 -6 . 2 7.8 30.2 16.8 2.7 1 2 .2 97. 99. 90. 94. 33. 32. 32. 34. 36. 37. 36. 33. | | | | 11883. 11471. 11696. 13332. 5.2 -3.5 11.9 2.7 2.0 11.6 14.0 18.0 96. 90. 87. 97. 52. 52. 51. 50. 33. 31. 29. 29. 33. 33. 34. 32. | | | | 14168. 14663. 13869. 15570. 6.3 3.5 -5.4 12.3 19.2 27. 8 18.6 16.8 104. 107. 100. 106. 52. 49. 50. 53. 30. 27. 27. 28. 32. 29. 32. 33. i | | | 17168. 18365. 17443. 18605. 10.3 7.0 -5.0 6.7 21.2 10.4 12.3 7.7 14.6 23.0 25.2 25.8 19. 5 113. 117. 107. 109. 3.3 7.0 5.5 -3.6 17.7 30.3 28.7 12.4 51. 52. 54. 52. 29. 32. 33. 30. 32. 33. 32. 32. | | | | 19818. 20084. 22292. 216/75. 11,0 -2 . 8 15.4 9.4 27.8 16.5 108. 104. 114. 111. . 1.9 10.9 5.9 3.6 4.0 52. 51. 51. 48. 29. 30. 31. 33. 32. 32. 33. 31. | 3.2 -3.2 21869. 22595. 22674. 23734. 0.9 3.3 0.4 4.7 10.4 12.5 1.7 9.5 109. 108. 106. 108. 1.0 3.0 50. 57. 51. 33. 34. 32. 32. 36. 34. 22746. 21573. 21509. -4.2 -5.2 -0.3 4.0 -4. 5 -5. 1 106. 103. 101. 6.2 2.6 17. 5 1.4 - 1.0 -2 . 1 2.3 6.6 0.8 0.3 2.9 6 .8 2 .1 11.9 -8 . 8 12.8 -0.3 1 | 1 1 | | | J ___ * SEASONALLY-ADJUSTED LOANS OUTSTANDING AT END OF PRECEDING QUARTER. RENEWALS AND COLLECTIONS INCLUDE SONS NONAGRXCULTURAL LOANS <SEE NOTE ON PAGE 11.1 12.8 8 ). 2.3 5.3 6.2 6.5 1.3 22.2 2.8 TABLE 213,3Q PRODUCTION CREDIT ASSOCIATIONS RENEWALS AND COLLECTIONS FOUR-QUARTER MOVING TOTAL BENERALS FROM PREVIOUS IEAB change YEAR ENDING— 1 MILLIONS J OF J DOLLARS 1 J MILLIONS OF DOLLARS PERCENT 1| CHANGE FROM PfiEVIOOS YEAR AS PERCENTAGE OF 1 1 1 COLLECTIONS 1 1 1 I LOANS OOTSTANDING* LOANS HADE | | MILLIONS | 1 OF | COLLECTIONS! DOLLARS J MILLIONS | OF AND BENEffALSI 1 DOLLARS 1 1 | | AS j PERCENTAGE | OF J| | I LOANS DOTPERCENT | STANDING* I 49. 49. 49. 49. 29. 29. 28. 28. 30. 31. 30. 30. J | | | 1941. 1971. 2032. 2105. 142. 152. 195. 208. 49. 49. 48 . 49. 28. 28. 28. 29. 31. 31. 31. 31. | | | | 2121 . 2148. 2187. 2247. 180. 178. 155. 142.. 9.3 9.0 7.6 6.7 112 11.4 14.0 150. 142. 139. 123. 16.0 14.7 14.2 11.9 50. 49. 48. 49. 30. 30. 30. 31. 32. 32. 32. 33. | | | | 2307. 2328. 2334. 2372. 186. 180. 147. 126. 8.8 8.4 6.7 5.6 105. 103. 101. 100. 1193. 1207. 1214. 1247. 105. 101. 95. 91. 9.6 9.1 8.5 7.9 50. 49. 49. 49. 32. 31. 31. 30. 33. 33. 33. 33. I | | | 2391. 2430. 2491. 2584. 157. 212. . 3.6 4.4 6.7 8.9 100. 101. | 1 | 1 1301. 1322. 1347. 1395. 109. 115. 133. 148. 9.1 9.5 11.9 49. 4 9. 48. 48. 30. 29. 29. 29. 32. 32. 31. 32. | | | | 2706. 2799. 2951. 2971. 315. 369. 460. 387. 13.2 15.2 18.5 15.0 103. 103. 104. 102. J J | | 1494. 1560. 1602. 1662. 193. 238. 255. 267. 14.8 18.0 18.9 19.1 49. 49. 49. 49. 30. 30. 31. 31. 33. 34. 34. 34. | | | | 3000. 3058. 3143. 3250. 294. 259. 192. 279. 10.9 9.3 6.5 9.4 99. 97. 96. 96. 1968-Q1..... | -Q 2 .... J - Q3 ••• . | —Q4. ••..J . 1790. 1887. 1946. 2033. 296. 328. 344. 371. . 19.8 51. 52. 52. 53. 32. 33. 33. 34. 35. 36. 35. 35. I | | | 3363. 3426. 3556. 3715. 363. 368. 412. 465. 1 2 .1 12.0 21.5 22.3 95. 94. 95. 96. 1-969-Ql. ... . - 0 2 .... -Q3.... -04.... ) | | 1 2107. 2145. 2165. 2255. 317. 258. 219. 221. 17.7 13.7 11.3 10.9 54. 53. 52. 53. 34. 33. 32. 32. 36. 35. 35. 35. | | | | 3767. 3900. 4025. 4140. 404. ■474. 469. 425. 13.8 13.2 11.4 96. 97. 97. 97. 1970-Ql.... | —Q 2 . ... | -03.... ,| — Q4.... j 2413. 2488. 2572. 2668. 306. 343. 407. 414. 14.5 16.0 18.8 18.4 54. 54. 53. 53. 32. 32. 32. 32. 36. 36. 36. 36. | | | | 4319. 4462. 4662. 4799. 552. 562. 637. 659. 14.6 14.4 15.8 IS. 9 97. 96. 97. 96. 1971-Q1.... ,| J - 0 2 .... , -03.,...,| -Q4. ... aJ , 2839. 2962. 3046. 3152. 427. 474. 473. 484. 17.7 19.0 18.4 18. 1 54. 55. 54. 54. 33. 33. 33. 33. 37. 37. 37. 37. | I | | 4919. 5022. 5156. 5456. 600. 561. 494. 658. 13. 9 1 2 .6 10 .6 13.7 94. 93. 91. 93. 1972-Q1.... ,| -Q 2 . ,., J J -03.... , J -Q4.... , 3306. 3413. 3437. 3463. 467. 451. 392. 311. 16.5 15.2 12.9 9.9 54. 55. 54. 53. 34. 34. 34. 33. 37. 36. 35. 35. | | | I 5746. 6017. 6283. 6423. 828. 994. 1127. 967. 16.8 19.8 21.9 17. 7 94. 96. 98. 99. 1973-Qi.... , 1 J -Q 2 .... , J -03.,..., -04.... ,1 3582. 3621. 3743. 3905. 276. 208. 306. 442. 8-3 54. 54. 54. 54. 33. 32. 31. 30. 34. 34. 34. 33. | J | J 6838. 7106. 7336. 7892. 1092. 1089. 1052. 1469. 19.0 18. 1 16.7 22.9 103. 105. 106. 110. 1974—Q 1 ••• <1 . . -Q2 ....,| —Q3.•• • . ( -04.... . 4025. 4124. 4193. 4378. 443. 503. 450. 472. 12.4 13.9 54. 53. 51. 51. 30. 29. 30. 30. 33. 33. 34. 35. | | | | 8241. 8267. 8217. 8273. 1403. 1162. 882. 381. 20. 5 16.3 110. 106. 100. 96. 1975—Ql.... .| J - 0 2 .... , j -03.... , -04.... .J 4744. 5018. 5097. 5249. 719. 894. 904. 871. 17.9 21.7 52. 53. 51. 51. 32. 33. 33. 33. 37. 37. 36. 36. | | | ) 8140. 8565. 9056. 9501.. -1 0 1 . 297. 838. 1228. -1 . 2 3.6 14.8 90. 90. 91. 93. | 1976-Q‘ l.... . - 0 2 .... .| — 03. .. . ,J . —Q4....<.| 5606. 5695. 5738. 5886. 862. 677. 641. 638. 18.2 13.5 53. 53. 51. 51. 33. 33. 32. 32. 36. 35. 35. 35. i I | t 10142. 10510. 10516. 10888. 2002. 24.6 22. 7 16. 1 14.6 96. 97. 94. 94. 1 1977-Q1.... . - 0 2 .. . . ,| .. 1 -03....,, — Q4.•• •, | , 6214. 6438. 6533. 6630. 607. 743. 796. 743. 10.8 52. 52. 51. 50. 33. 33. 33. 33. 36. 36. 36. 35. J | J 1 11234. 11323. 11557. 12164. 1092. 813. 1041. 1276. 10.8 94. 92. 91. 93. 1978—Q 1 ....,| . - 0 2 .... ,J -Q3. . .| -Q4....,, 1 6785. 6942. 7041. 7162. 571. 505. 508. 532. 9.2 7.8 7.8 33. 33. 32. 31. 35. 34. 34. 33. | | | | 12777. 13491. 13945. 14614. 1544. 2168. 2388. 2-450. 13. 7 19. 1 20. 7 8.0 50. 51. 51. 51. 1979— Ql.... ,| - 0 2 .... ,| -Q3.,...>1 -04.... ,| 7488. 7661. 7821. 8152. 703. 719. 779. 990. 10.4 10.4 1 1 .1 13.8 52. 51. 51. 51. 30. 29. 29. 28. 33. 32. 32. 31. | | | | 15385. 16210. 16988. 17877. 2607. 2719. 3043. 3263. 20.2 21.8 22.3 107. 109. 1 10. 11 1. 1980-Q1.... .| -Q2 . .. . | ., ) -Q3.... , -Q4..,..,| 8673. 9221. 9570. 9834. 1185. 1559. 1749. 1682. 15.8 20.4 22.4 20.6 51. 52. 51. 51. 28. 29. 30. 30. 32. 33. 32. 32. | | | | 18573. 18960. 20068. 20955. 3188. 2750. 3080. 3079. 20.7 17. 0 18. 1 17. 2 110. 107. 108. 109. 1981-Q1.,..., J -Q2 .... | -03.... , 1 -04.... ,| 10209. 10422. 10485. 10581. 1536. 1201. 915. 747. 17.7 13.0 9.6 7.6 52. 52. 51. 50. 31. 30. 30. 31. 32. 32. 32. 32. J 1 | | 21499. 22071. 185. 22753. 2926. 3111. 2117. 1798. 15.8 16.4 10.5 8.6 109. 110. 108. 107. 1982-Q1.... J - 0 2 .... J —Q3. ... a| , 10698. 11031. 11031. 489. 609. 546. 4.8 5.8 5.2 50. 51. 51. 32. 33. 33. 32. 33. 33. | 22973. 1 22745. I 22507. 1474. 674. 322. 6.9 3. 1 1.5 107. 106. 105. 1 1962-Q‘ l.... . — Q2 .... | -03.... | -Q4.... | 840. 867. 879. 906. 75. 91. 88. 99. | | 1 J 938. 964. 980. 1033. 101 98. 97. . 127. 1964—Q 1 ... ] . -Q 2 .... 1 J -03. -04.... 1 1088. 1106. 1119. 1156. 1965-Q1. ... - 0 2 .... -03.... -Q4.... J | | | 1966-Ql.... - 0 2 .... -03.... -Q4.... 1967-Q1.... - 0 2 ..,.. -03.... -04.... 1963-Q1.... " 0 2 .* • . . -03.... -Q4.,... 5.8 11.7 11.2 12.2 11.7 11.2 11.0 21.0 6 .1 8.9 12.8 84. 101. 7.9 8.4 10.6 11.0 13. 1 1-4.3 12.0 113. . 113. 114. 112 . 109. 107. 106. 99. 99. 1 12.0 1 2 .i 21.6 19.9 12.6 12.1 13.0 13.9 12.6 2 2 1945. 1460. 1387. J___ * AVERAGE LOAMS OUTSTANDING DpHING THE PBECEDING EOOB QUARTERS (AVERAGE OF END-OF-QUARTER DATA). •RENEWALS AND COLLECTIONS INCLODE SOME NONAGBICOLTOBAL LOANS (SEE NOTE ON PAGE 8). 12.0 4.8 10.2 7.7 9.9 11.7 20.1 20. 4 95. 99. . 104. 101 17 TABLE 2 2 1 . IQ FEDERAL LAND BANKS LOANS OUTSTANDING END OF QUARTER 1 1 1 1 J 1 AMOUNT NUMBER OF LOANS BILLIONS OF DOLLARS END OF QUARTER i. 1 1 .1 .. 1 | I CHANGE FROM PREVIOUSJ 1 QUARTER YEAR PERCENTAGE CHANGE FROM PREVIOUS QUARTER I I THOUSANDSJ YEAR 1 1 A AVERAGE SIZE PERCENTAGE CHANGE FROM PREVIOUS DOLLARS QUARTER YEAR PERCENTAGE CHANGE FROM PREVIOUS YEAR 1964-Q1•••■ -Q2---Q3---Q4.... 3406. 3516. 3620. 3717. ***** 110. 104. 97. ***** ***** ***** ***** **** 3.2 3.0 2.7 **** **** **** **** 379. 1 380.1 380. 9 380. 6 **** 0.3 0 .2 - 0 .1 **** **** **** **** 8985. 9249. 9505. 9766. **** **** **** ♦*** 1965-Q1.... -Q2 .... -Q3---Q4--- 3889. 4057. 4171. 4280. 172. 167. 114. 109. 483. 541. 551. 563. 4.6 4.3 2.8 2. -6 14. 2 15.4 15. 2 15. 1 382.3 384.3 384.9 384.2 0. 4 0. 5 0 .1 -0 . 2 0.8 1.1 1 .1 10174. 10556. 10835. 11139. 13.2 14. 1 14. 0 14. 1 1966-Q1... .• 1 -Q 2 .... -Q3---Q4.... J 19.67-Q1. ... -Q2. .. . • 1 -Q3.... —Q4. ... • 1 . 4477. 4724. 4900. 4957. 197. 247. 176. 57. 588. 667. 729. 677. 4. 6 5.5 3.7 1 .2 15. 1 16. 4 17. 5 15. 8 386.0 389.7 391. 8 389.7 0. 5 1.0 1.0 1.4 0.5 -0. 5 1.8 1.4 11600. . 12506. 12718. 14.0 14.8 15.4 14.2 5111. 5303. 5449. 5608. 154. 192. 147. 159. 634. 579. 550. 651. 3. 1 3. 8 14. 2 12.3 11.2 2.9 13. 1 0.4 0. 7 0.3 0 .1 1.4 1 .1 0.9 1 5 . 13061. 13457. 13789. 14175. 12.6 11.0 2.8 391.3 394. 1 395. 2 395.6 1968-Q1.... -Q2.••■ -Q3--— Q4.•• • 5793. 5973. 6064. 6125. 185. 179. 91. 62. 682. 670. 614. 517. 3.3 3. 1 <1.5 13.3 397.6 399.6 399.4 398.3 0.5 0.5 -0 . 0 -0.3 1.6 1 1.3 9.2 1.4 1 .1 0.7 14571. 1494 8 . 15181. 15377. 1969—Q1 •. • . -Q 2 .• •• -Q3. •■• —Q4. . 6317. 6556. 6676. 6713. 192. 239. 120. 37. 524. 583. 612. 588. 3. 1 3.8 9.0 9.8 10.1 9.6 400. 5 403. 7 404.2 402. 4 0.5 0.7 0.8 1.0 1.2 1.0 1970-Q1.... -Q2. •• • — Q3.•• • -Q4. •• . 6833. 6994. 7101. 7186. 119. 161. 107. 85. 516. 438. 425. 473. 1.8 8.2 6 .7 403. 5 404.9 405.2 404. 2 1971-Q1.... -Q2. •• • -Q3--— Q4. a • • 734 7. 7579. 7766. 7917. 160. 2 32. 188. 150. 514. 585. 665. 731. 8139. 0426. 8749. 9092. . 286. 323. 343. 793. 847. 982. 1175. 1973-Q1.aaa -Q2-... -Q3. a •• -Q4--- 9568. 10077. 10525. 10947. 476. 510. 447. 422. 1974— Qla aa . -Q2. ... -Q3...a -Q4..a. 11467. 12176. 12877. 13456. 1975-Q1.... -Q2. ... -Q3... . — Q4 aa• . 0.9 12121 10.3 11. 5 1 1.0 1.8 0.6 12.6 0 .1 -0. 4 11.6 1 1 .1 1 0 .1 8.5 15774. 16238. 16519. 16681. 8.3 16934. 17273. 17527. 17778. 7. 4 6.4 6 .1 18155. 18678. 19138. 19568. 7. 2 8 .1 9.2 1 0 .1 20093. 20729. 21473. 22304. 10.7 16.4 18. 1 18. 5 18.3 8.6 8.8 8.5 1 2. 4 .1.5 1.2 6.4 7.0 0.3 0. 4 0.1 0.8 0.3 0.2 -0 . 2 0.4 0,1 0.3 0.3 -0.3 0.2 0 .2 0 .1 6.6 10.2 404. 7 405. 8 405. 8 404. 6 3.5 3.8 3.9 10.8 1 1 .2 12.6 14. 8 405. 1 406.5 407.4 407.6 0.1 0.3 0 .1 0.2 0.2 0.0 0.4 1428. 1652. 1776. 1855. 5.2 5.3 4.4 4.0 17.5 19.6 20.3 20.4 409.0 411. 7 413.6 414. 8 0.3 0.7 0.5 0.3 1.0 1.8 23395. 24478. 25444. 26393. 520. 710. 700. 580. 1899. 2099. 2352. 2509. 4.7 19.8 6.2 20.8 0. 3 1.3 5.7 4.5 22.3 22.9 4'15. 9 421.3 426. 4 429. 2 1.2 0.7 1.7 2.3 3. 1 3.5 27571. 28902. 30197. 31349. 17.8 18. 1 18.7 18. 8 14179. 14938. 15518. 16014. 723. 759. 580. 496. 2712. 2762. 2641. 2557. 5.4 5.4 3.9 3.2 23.7 22.7 20.5 19.0 433. 5 438. 6 442. 0 442. 8 1.0 1.2 0.8 0 .2 -4.2 4.1 3.6 3.2 32711. 34061. 35112. 36166. 18.6 17.8 16.3 15.4 16700. 17403. 17582. 18524. 686. 2521. 2465. 2464. 2510. 4.3 4.2 3.3 3.0 17.8 16.5 15.9 15.7 445. 1 448. 2 450.4 430. 8 0.5 0.7 0.5 2.7 703. 579. 542. . 2.2 0.1 1.8 37522. 38832. 39924. 4 1088. 14.7 14.0 13.7 13.6 19331. 20190. 20874. 214.66. 807. 859. 684. 593. 2631, 2787. 2891. 2942. 4. 4 4.4 3.4 452. 9 456. 0 458. 6 459.5 0.5 0.7 1.8 1 .8 1.8 2.8 15.8 16.0 16. 1 15.9 1.9 42684. 44273. 45519. 46714. 13.8 14.0 14.0 13. 7 22234. 2313 1 . 23939. 24668. 768. 897. 808. 729. 2903. 2940. 3065. 3202. 3.6 4.0 3.5 3.0 15.0 14.6 14.7 14.9 461.3 464. 6 468.4 471. 2 1.9 1.9 2 .1 2. 5 48193. 49787. 51104. 52355. 12.9 12.5 12.3 1 2 .1 25851. 27261. 28430. 29725. 1183. 1410. 1169. 1295. 3617. 4130. 4492. 5057. 4.8 5.5 4.3 4.6 16. 3 17.9 18.8 20.5 476. 0 482. 4 488. 7 494. 9 1.3 1.3 1 3 . 3.2 3.8 4.3 5.0 54304. 56510. 58171. 60063. 12. 7 13. 5 13.8 14.7 31603. 33681. 34852. 36032. 1878. 2078. 1171. 1180. 5752. 6420. 6422. 6307. 6.3 6.6 22.3 23.6 22.6 2 1 .2 504. 1 515. 6 521.0 525. 8 1.9 3 .1 0.9 5.9 6.9 3.5 3. 4 1 6.6 6.2 62687. 65323. 66892. 68525. 15.4 15. 6 15.0 14. 1 38030. 40280. 42103. 43658. 1998. 2251. 1823. 1555. 6426. 6599. 7250. 7626. 5.5 5.9 4.5 3.7 20.3 19.6 534. 7 545. 1 554. 4 561.4 1.7 1.9 1.7 1.3 6 .1 20.8 21.2 6 .4 6 .8 71119. 73899. 75949. 77762. 13.4 13. 1 13. 5 13.5 45074. 46316. 46954. 1416. 1242. 639. 7044. 6035. 4851. 3.2 18.5 15.0 11.5 566. 9 572.5 575. 7 1.0 1.0 0.6 79503. 80900. 81564. 11.8 5.0 3. 8 2.2 3.2 2.5 1.9 7.5 8.4 9. 4 0.0 J 1972-Q1... . “Q2. a■. -Q3.,a. -Q4..a. 222 2.8 0.8 11.6 12.2 14.0 1 1.3 1.5 1 1976-Ql.a.a -Q2..a. -Q3a... -Q4a... 1.9 J 1977— Q la.aa -Q2a... -Q3. ... -Q4..a . 0.6 0.2 1 1978-Q1.... —Q2 a... — Q3a.a . — Q4. .. . 0.4 0.7 0.8 0.6 1 1979-Q1.... -Q2 ...., -Q3...., -Q4---i 1980-Q1a aa a —Q2 . •• •< -Q3...., - Q4 .•• ., i 198 T— Qla ..•. — Q2. mm mi -Q3.a... "Q4. •a a. i 1982-Q1... . . -Q2...., -Q3. .... • 2.8 1. 4 1.0 2d 5.7 6.0 9.5 7. 4 18 FEDERAL LAND BANKS LOANS OUTSTANDING SEASONALLY-ADJUSTED DATA TABLE 221.2Q AMOUNT | NUMBER OF LOANS 1 . | | PERCENTAGE CHANGE | Percentage change | | FROM PREVIOUS FROM PREVIOUS 1 1 THOUSANDS 1 1 i CHANGE FROM P RE VIO US ! | END OF J ____ 1 I I QUARTER tear QUARTEB TEAR j J j QUARTER TEAR J QUARTER | _________L ___ m m ________________ _ J ______________ J ____ J S I A I I ____ - J ____ - 1 - — (SAAfii______ 1 1 END OF QUARTER | i B I L L I O N S OF DOLLARS 1964-Ql.*'.. | -Q2.... | -Q3.... | -Q4.... 3413. 3490. 3609. 3746. ***** 319. 499. 583. ***** ***** ***** ***** ***** 9.3 14.3 16.1 **** **** **** **** 1965—Q1.>•• .J -Q2.... | — Q3«•• •.| -Q4.... 1 389*3. 4027. 4158. 4312. 637. 551. 549. 654. 483. 537. 549. 566. 17.0 14. 1 13.6 15.7 14.2 15.4 15.2 15. i 1966-Q1.... .| -Q2.... J -Q3. •• •.] | -Q4.,.. . 4485. 4690. 4883. 4988. 735. 875. 822. 436.. 589. 663. 725. 676. 17.0 19.5 17.5 8.9 15.1 16.5 17.4 15.7 1967-Q1.... .1 -Q2.... | -Q3. ... | -Q4.... .J 5124. 5266. 5432. 5644. 566. 590. 696. 901. 639. 576. 549. 656. 11.4 11.5 13.2 16.6 14.2 12.3 1968-Q1.... -Q2.... -Q3.... -Q4.... .1 | | .J 5807. 5933. 6045. 6162. 681. 518. 460. 482. 683. 667. 613. 517. 12 I969-Q1.... -Q2.... — Q3«•• • —Q4»•• • | | | | 6333. 6515. 6655. 6749. 716. 759. 579. 384. 526. 582. 611. 588. 11.6 12.6 1.970— Q1« •••.J -Q2.... | — Q3..■ . | — Q4.••• | 6850. 6954. 7080. 7221. 412. 427. 515. 584. 517. 439. 424, 472. 6.1 6 .2 1971-Q1.... .] -Q2.••. | -Q3......J -Q4.... . 1 7366. 7540. 7743. 7953. 595. 722. 845. 874. 516. 586. 663. 731. 8.2 1972-Q1.... . | -Q2..« •. | -Q3» •••.| -Q4.,..,.| 8160. 8386. 8722. 9131. 862. 942. 1429. 1752. 794. 846. 979. 1178. 11.5 17.0 2 0 .1 1973-Q1.,....J -Q2.... .J — Q3« •.J -Q4. ••..| 9591. 10031. 10493. 10994. 1985. 1886. 1977. 2153. 1431. 1645. 1770. 1863. 21.7 19.7 19.7 20.5 1974-Q1■••• . | -Q2.-.. .| -Q3. •• •. | -Q4.... • i 11491. 12120. 12838. 13516. 2128. 2730. 3136. 2936. 1900. 2089. 2345. 2522. 19.4 23.8 25.9 22.9 1975-Q1.... .| -Q2».. •.1 -Q3... .. | -Q4.... .j 14205. 14865. 15472. 16091. 2972. 2832. 2580. 2630. 2714. 2745. 2634. 2575. 22.0 23.6 19.9 17.4 17.0 20.5 19. 1 1976-Q1.... . 1 -Q2.... . | -Q3--- . | -Q4.... •j 16724. 17310. 17933. 18622. 2687. 2469. 2627. 2922. . 2520. 2445. 2461. 2531. 16.7 14.8 15.2 16.3 17.7 16.4 15.9 15.7 1977-Q1■••■ .< -Q2.... .J -Q3.... . | -Q4.... . | 19355. 20071. 20823. 21592. 3107. 3027. 3180. 3252. 2630. 2761. 2890. 2970. 16.7 15.6 15.8 15.6 15.7 15.9 16. 1 15.9 1978-Q1.... .1 22258. -Q2.... .| 22982. -Q3..«. . | 23890. -Q4.... . | 24822. 2791. 3039. 3855. 3952. 2903. 2911. 3068. 3230. 12.9 13.7 16.8 16.5 15.0 14.5 14.7 15.0 25878. 27076. 283 94. 29912. 4501. 5135. 5668. 6575. 3620. 4094. 4504. 5089. 18.1 19.8 20.9 23.2 16.3 17.9 18.9 20.5 1980-Q1.... . | 31634. -Q2.... . | 33432. -Q3.••• . | 34792. -Q4. ... . | 36292. 7508. 7830. 5781. 6397. 5756. 6356. 6398. 6380. 25. 1 24.8 17.3 18.4 22.2 1981-Q1..••.I -Q2.... .J -Q3. •••. | — Q4.•• •.J 38076. 39974. 42038. 43978. 7680. 8178. 8916. 8314. 6442. 6542. 7245. 7686. 21.2 1982-Q1..,. . | -Q2. ... . | -Q3.... • 4 45127. 45968. 46906. 4782. 3459. 3866. 7051. 5994. 4868. 10.9 7.7 8 .4 .1 8.9 7.8 8.0 8.9 5.8 7.4 8.3 9.8 11.2 11.3 10.8 11.2 13. 1 13.3 14.7 11.3 9.2 9. 1 9.8 10.1 9.5 i 1 1 1 4 i 1 1 1 1 1 1 1 4 J 1 1 4 1 1 1 1 1 1 1 1 1 4 10.8 11.2 12.6 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 14. $ 4 17.5 19.6 ! 20.3 4 20.4 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 8.2 6.7 6.4 7.0 7.5 8.4 9.4 1 0 .1 379.6 379.2 380.1 381.7 ***** -0.4 0.9 1.8 **** **** **** **** 1979-Q1... ..j -Q2.,.. .J -Q3.... . | “Q4..., .J 21.5 22.3 19.8 19.8 20.8 22.3 22.9 22.6 23.5 22.5 21.3 20. 4 19.6 20.8 21.2 18.5 15.0 11.6 4 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 J 1 J J 1 4 1 AVERAGE S I Z E DOXLABS i PERCENTAGE CHANGE FROM PR EVIOUS TEAR 8990. 9203. 9494. 9814. **** **** **** **** 10180. 10505. 10824. 11191. 13.2 14. 1 14.0 14.0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 11609. 12064. 12492. 12774. 14.0 14.8 15.-4 14. 1 13074. 13397. 13771. 14232. 12.6 11.0 10.2 14590. 14886. 15160. 15433. 11.6 1 1 .1 1 0 .1 15798. 16176. 16496. 16737. 8.3 8.7 1696Q. 17212. 17504. 17835. 7.4 6.4 6 .1 1 1 1 1 d 382.7 383.4 384. 1 385.4 1.0 0.8 0.8 1 .1 1.1 0.7 1.3 0.9 1.1 1.0 2.5 1.4 2.2 1.8 -0.4 1.3 1.5 1 .1 1.4 1.4 1 .1 0.9 1 1 1 1 J 386.4 388.7 390.9 390.5 391.9 393.1 394.4 396.6 398.0 398.5 398.7 399.2 400.9 402.8 403.5 403.3 403.9 404. 0 404.5 404. 9 2.2 1.6 1.5 0.5 1.6 0.2 1 .1 1.4 0.5 0.7 1.7 1.9 0.7 0.7 1 .1 0.6 0. 1 0.7 0.3 0.4 0.4 0.2 r i i i i i i i 0.4 t -0 . 2 1.2 1.0 i i i i i i 405. 1 405.0 405. 1 405.1 0.2 -0 . 1 405.6 405.8 406.6 408. I 0.4 409.5 411.1 412.8 415.2 1.9 1.5 2.3 uo 1.3 1.5 1.7 416.5 420.8 425.5 429.6 1.3 4.1 4.6 4.0 1.7 2.3 3. 1 3.5 434. 1 43 8 . 6 441.0 443.2 4.3 3.6 2.7 2.1 4.2 4.1 3.6 3.2 445. 7 447.6 449.5 451.4 2.2 2.7 1 1 1 1 1 1 1 1 1 1.7 1.7 1.7 2.2 I 1.8 1 453.5 4 55.4 457.7 460.2 1.8 1.7 1.7 1.7 2 .1 2.2 1.8 2.0 461.9 463. 8 467.7 472.0 1.5 1.7 3.3 3.7 2.2 2.6 476. 5 481.6 488.2 495.6 3.9 <4.3 5.6 O.J 0.1 0.2 0.8 1.4 0.3 0.2 0.1 0.1 0.1 0.2 0.4 0.7 1 1 | 1 | | 1 1 | i . 1.6 18182. 18616. 19115. 19630. 11.4 8.4 8.8 8.5 6.6 7.2 8.2 9.2 10 .1 20120. 20664. 21450. 22375. 10.7 23419. 24400. 25421. 26481. 16.4 18. 1 18.5 18.3 27588. 28805. 30172. 31460. 17.8 18.1 18.7 18.8 32719. 33936. 35085. 36303. 18.6 17.8 16.3 15.4 37523. 38674. 39896. 41254. 14.7 14.0 13.7 13.6 1 1 1 1 1 42681. 44073. 45492. 46918. 13.7 14.0 14.0 13.7 i 48191. 49546. 51083. 52595. 12.9 12.4 12.3 1 2 .1 54305. 56223. 58158. 60352. 12.7 13.5 13.8 14.7 62695. 64981. 66887. 68859. 15.4 15.6 15.0 14. 1 71128. 73507. 75951. 78145. 13.5 13. 1 13.6 13.5 79511. 80473. 81570. 11.8 i i i i i i i i i i i 4 1.9 11.0 12.2 14.0 i 1.9 1.9 1 1 1 i 6.2 3.2 3.8 4.4 5.0 504.6 514.5 520.2 527.0 7.4 5.9 8.1 6 .8 4.5 5.4 6.5 6.3 535.3 543. 8 553.5 562. 8 6.4 6.5 7.3 6.9 6 .1 5.7 6.4 6.8 567.6 571. 2 575.0 3.5 6.0 2.6 5.0 3.9 2.7 i 1 1 1 1 1 1 J 1 J 1 4 1 1 1 1 1 1 9.5 7.4 19 SABLE 222.IQ F E D E l11 LAND BANKS LOANS CLOSED AHODMT \ 1 | QUARTER BILLIONS CLOSED 1 1 I* _______ L_- g g i a x f r e 1 ****** ^ 9 6 4 - Q l ......| OF BUBBEB DOLLIES j CHANGE FBCB 1. i.. j a u u f i | 1 PREVIOUSJ 1 - H U PBBCBMTAGB CHAMGB FBOH PREVIOUS QUARTER YEAH 1 ****** •••*•* ***** ***** — Q2. « • • • | — Q3. . . . . | - Q 4 ......J ****** ****** ****** ****** ****** ****** ***** ***** ***** ****** ****** ****** ***** 1965— Q l . . . . . J - Q 2 ......| - Q 3 ------ 1 ~ Q 4 .......... 1 ****** ****** ****** ****** ****** ****** ****** ****** ****** ***** ***** ***** ***** ***** ****** ****** ****** 1966-Q1..... | - Q 2 » •• •. J - Q 3 . | - Q 4 ...........| ****** ****** ****** ****** ****** ****** ****** ****** ****** ***** ***** ***** ***** ****** ****** ****** ***** ****** ****** ****** ****** ****** ****** ****** ****** ****** ****** ****** ****** ****** 1967-Q1.....J - Q 2 ...........| -Q3.. . . . | “ Q4. •* •• J 1 1 9 6 8 -Q l..... | - Q 2 ......J 1 THOUSANDS| | 1 OF LOANS AVERAGE PBBCBMTAGB CHARGE FBOH PREVIOUS DOLLARS QOABTEB YEAR SIZE PERCENTAGE CHANGE PROS PREVIOUS YEAR ***** ***** ***** ***** ***** ***** ***** 14.5 13.7 12.0 14.6 -5,7 -12.0 21. . 1 16.6 15.8 12.2 13.9 13.6 -4.8 -22.6 13.8 14.3 15.3 1.4 -4.6 20.7 1.0 -27.7 -34.5 7.5 0.4 -42.2 ******* ***** ***** ***** 16.8 16.9 12.3 8.0 ******* ******* ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** 12.2 13.0 10.4 12.8 52.2 6.8 -19.9 2 2.4 -27. 1 -23.0 -14.7 59.2 ******* •***••• ***** ***** ***** ***** ***** ***** 12.6 *1. 2 7.6 9.4 -1.4 -11.2 -31.7 23. 1 3.1 -14.2 -26.9 -26.4 ***** ***** ******* ***** ***** ***** ***** 1.3 ****** ****** ****** ****** ****** - Q 4 ......| 1 1 9 6 9 — Ql...... | - Q 2 ......J - Q 3 ......1 - Q 4 ......1 ****** ****** ****** ****** ****** ****** ***** ***** ***** ***** ****** ****** ****** ****** ****** ****** ****** ****** ****** ****** ****** ****** ***** ***** ***** ***** ***** ***** ***** 12. j 12.0 7.3 7.0 28.8 -0.8 -39.7 -3.5 -3.9 7.4 -5.1 -25.6 ******* ******* ***** ***** ***** ***** 1 9 7 0 - Q 1 ......1 - Q 2 ......I “ 03. . . . . | - Q 4 . •• •• 1 272. 270. 214. 261. ****** ****** ****** ****** ***** -0.8 -20.$ 21.7 ***** ***** ***** ***** 8.9 8.1 6.8 8.4 27.5 -8.7 -16.8 23.2 -26.3 -32.2 -6.5 19.4 30479. 33129. 31594. 31202. ***** ***** ***** ***** - Q 2 ......I - 0 3 ..... | - Q 4 ....... 379. 428. 357. 391. 118. 49. -71. 34. 107. 158 . 143. 130. 45.3 13.0 -16.5 9.5 39.3 5Q.5 66.8 50.0 10.4 11.4 9.3 10.0 24.5 9.6 -1 8 i 9 8 .3 16.5 39.9 36.4 19.9 36424. 37526. 38631. 39060. 19.5 13.3 22.3 25.2 1 9 7 2 - Q 1 ......| — Q2..«••j - 0 3 ......1 -Q4.....I 503. 520. 557. 658. 112. 17. 38. 100. 124. 92. 200. 267. 28.6 3.3 7.3 18.0 32.8 21.5 56.0 68.2 12.6 12.7 11.8 13.3 25.6 0.6 -6.7 12.9 20.9 11. 0 27.6 33.0 40007. 41078. 47242. 49404. . 9.8 9.5 22.3 26.5 1 9 7 3 - Q 1 ......J - 0 2 ......| - Q 3 ....... - 0 * ......1 861. 835. 719. 754. 203. -26. -116. 35. 358. 316. 161. 96. 30.9 -3.0 -13.9 4.9 71. I 60.7 29.0 14.6 15.6 16.0 12.9 13.4 17. 4 2.1 -19.3 3.7 24.3 26.1 9.2 0.3 55084. 52353. 55804. 56432. 37.7 27.4 18. 1 14.2 1 9 7 4 - Q 1 ......| — Q2. •J - 0 3 ......J “ Q 4 ......1 931. 1045. 1007. 957. 177. 114. -38. -50. 70. 210. 288. 203. 23.5 12.2 -3.7 -4.9 8. 1 25.1 40. 1 26.9 15.2 16.8 15.7 14.7 13.6 10.9 -6.5 -6.8 -2.9 5.5 22.2 9.8 61356. 62078. 63963. 65227. 11.4 18.6 14.6 15.6 1 9 7 5 - Q 1 ......| -Q2... — | - 0 3 ......| 1184. 1148. 930. 957. 227. -36 . -218. 27. 253. 103. -77. -1. 23.7 -3.0 -19.0 2.9 27.2 9.9 -7.6 -0. 1 16.4 16.0 13.1 13.1 11.7 -2.6 -18.3 0.6 8. 1 -5.1 -17. 1 -10.5 72221. 71903. 71237. 72649. 17.7 15.8 11.4 11.7 1 9 7 6 - Q 1 ......| — Q 2 * » . .. | - 0 3 . . . ..| — Q4. f . . . | 1267. 1205. 1011. 1102. 311. -6 2 . -194. 32.5 -4.9 -16. 1 9.0 7.0 4.9 8.7 15.2 15.7 15.4 13.6 13.6 19.3 -1.5 -15.8 4.8 -4.5 -3.4 -0.5 3.6 80930. 78100. 77831. 80952. 12. 1 8.6 9.3 SI- 83. 57. 81. 145. 1 9 7 7 - Q 1 ......| - Q 2 ......1 -Q3. .... J - 0 4 ......I 1572. 1546. 1275. 1226. 470 . -27. -271. -48. 305. 340. 264. 125. 42.7 -1.7 -17.5 -3.8 24.0 28.3 26. 1 20.9 5 .2 -18.8 1. 1 5.0 12.1 8.2 11. 3 16.4 17.3 14.0 14.2 4 .4 95572. 89337. 90742. 86310. 18.1 14. 4 16.6 6.6 1978— Q 1......| - 0 2 ......1 - 0 3 ......| - 0 4 ......| 1555. 1623. 1397. 1439. 328. 68. -225. 42. -18. 77. 123. 213. 26.8 -13.9 3.0 -1. 1 5.0 9.6 17.3 15.3 16.7 14.8 15.5 7.8 8.9 -11.0 4.8 -6.9 -3.6 5.6 9.4 101522. 97320. 94199. 92597. 6.2 8.9 3.8 7.3 1 9 7 9 - Q 1 ......| - Q 2 ......| - Q 3 ......| -Q4. .... | 20 6 4 . 2271. 1874. 2183. 625. 207. -397. 309. 509. 648. 47 6 . 743. 43.4 10.0 -17.5 16.5 32.8 40.0 34. 1 51.6 18. 1 19.7 17.8 18.7 16.3 9.0 -9.7 5.4 18.1 18.2 20.0 20.6 114174. 115259. 105295. 116407. 12.5 18.4 11.8 25.7 1980-Ql* | - 0 2 ......| - 0 3 ......| - Q 4 ......| 2901. 2942. 1827. 1950. 718 . 41. -1115. 123. 837 . 671. -47. -233. 32.9 1.4 -37.9 6.7 40.5 29.6 -2. 5 -id. 7 21.8 22.9 14.6 16. 1 16.5 5.1 -36.6 10.4 20.8 16.5 -18.2 -14.3 132832. 1 2 8 2 2 8. 125480. 121303. 16.3 11.3 19.2 4.2 1981-Q1.....| - Q 2 ...... | -Q3.....I - 0 4 ......1 3080. 3234. 2 6 12. 2449. 1130. 154. -6 2 2 . -163. 179. 292. 785. 499. 58.0 5.0 -19.2 -6.3 6.2 9.9 43.0 25.6 20.9 22.3 18.9 17. 9 29.7 -15.0 -5.3 -4.5 -2.9 30.1 11.6 147694. 145193. 137928. 136468. 11.2 13.2 9.9 12.5 1 9 8 2 - Q 1 ......1 - Q 2 . •• | - 0 3 ......1 ___1 _ _ 2504. 2 1 1 ?* 1 3 58. 55. -386. -759. -576. -1117. -1254. 2.3 -15.4 -35.9 -18.7 -34.5 -48.0 15. 5 -7.3 -6.9 -28.2 -20.3 -30.5 -41.3 150567. 136761. 122179. 1.9 -5.8 -11.4 1 1 9 7 1 - Q 1 ......* -2. -56. 46. 4 .4 •*••••• ******* ******* ******* ******* ***** ***** ***** 11. J 1 16. 6 11. 1 6 .8 20 TABLE 222. 2 Q FED ER A L LA R D BARKS L O IR S C LO S E D S E A S O R A L L I -A D J O S I B D A R H O A L BATE RUHBBB OF LOAHS PEBCERTAGE CHARGE fBOH PREVIOUS 1 AVEBAG1 .SXZB PEBCERTAGE CHARGE FBOH PBEVIOOS DOLLARS thousahdsi QDABTBB TEAS 1 1 QUARTER TEAS • ***** PBlCBRIAGE CHARGE F108 PREVIOUS TEAR ***** ***** ***** ***** ***** 52.5 49.4 56.0 6 2 .8 -6 .0 13.4 12.2 ••••• ***** ***** ***** ***** %*•*• ***** ***** ***** ***** ***** ***** 6 0.0 5 6 .8 57. 1 5 9. 8 -4 .5 -5 .3 0 .5 4. 7 14.2 15. 1 2 .0 -4 .8 ***** ***** ***** ***** ***** ***** ***** ***** ***** 6 0 .4 6 1 .0 5 7.8 34.4 1.0 1.0 -5 .3 -4 0 .5 0.7 7. 4 1 .2 -4 2 .5 •••*• ••••• *•••• *•••• ***** •••*• ***** 43 .7 47. 1 4 9. 7 5 4. 8 2 6. 8 7. 9 5.6 10. 1 -2 7 .8 -2 2 ,8 -1 4 .0 59.1 ***** ***** ***** ***** 4 5 .3 4 0. 4 36.5 40. 1 -1 7.3 -1 0.8 -9 .5 9.7 3.7 -1 4 .3 -2 6 .5 -2 6 .8 ******* ******* ******* ***** ***** ***** ***** 4 3. 0 43. 8 3 4 .5 29 .6 7 .4 1.7 -2 1.3 -1 4 .0 -4 .9 8 .4 -5 .7 -26. 1 ******* ******* ******* ******* ***** ***** ***** ***** ***** ***** ******* •*•**•• ***** *•••• ***** ***** 1 o f • AHOUHX 1 1 J BIXLIOHS Of jjoUL a b s I QUARTER 1 ... 1 i CLOSED J CBARGE PAC8 PBBVIOUSJ ______ 1 1 IN l_ J___QDABTBB 1 QUARTER______ I1AR____ 1 i •****• ****** 1 9 6 4 - Q l , , . . | ****** ****** ****** ****** -Q2. . . . } tJ ****** ****** ****** ****** ****** •*•••* -Q 4 .... ] 1 ****** ****** 19 6 5 - Q l . • •• | ****** ****** ****** **•*•• -Q 2 . •• • j ****** ****** ****** -Q 3 .. . . ****** ****** - Q 4 . . . . | ****** 1 ****** ****** ****** 1 966-Q1. . . . , j ****** ****** ****** - Q 2 . •« • , j ****** ****** - Q 3 . . . . | ****** ****** ****** ****** -Q 4 .... , j i ****** ****** ****** 1 9 6 7 -Q l.... j ****** ****** ****** - Q 2 . ••a , j ****** *•*••• - Q 3 . •• • ****** ****** - Q 4 , . . . , J ****** 1 96 8-Q 1 .... , | -Q 2 .... , | - Q 3 . •i m | | ****** ****** ****** ****** ****** ****** ****** *4**** ****** ****** ****** ****** !9 6 9 -Q l.„.. , j -Q 2 .. . . j ,j -Q3, -Q 4 .... | ****** ****** ****** ****** ****** ****** ****** ****** *••**• ****** ****** ****** 1 9 7 0 - Q U . . . .| - Q 2 . . , . « >| -Q 3. t t * . I -Q 4 .... I 981. 994. 971* 1132. ****** 13. -23. 161. ****** ****** ****** ****** ***** 1 .4 -2 .3 16.6 •••*• ***** ***** ***** 31.9 2 9. 9 3 1. 9 3 5 .3 7 .6 -6 .2 6.5 10.9 -2 5 .9 -3 1 .6 -7 .5 19.2 30747. 33213. 30471. 32033. ***** ***** ***** 1 9 7 1 -Q 1 .. . . | - Q 2 . . . , ,J - Q 3 .......... >| - Q 4 . . , .«,J 1352. 1578. 1611. 1708. 220. 226. 34. 97. 371. 584. 640. 576. 19.4 16.7 2. 1 6.0 3 7. 9 58.7 6 5. 9 5 0.9 3 7 .2 4 2. 2 42.4 4 2. 5 5 .3 13.§ 0.5 0.2 16.7 4 1.0 3 3.0 2 0 .2 36336. 37382, 38000. 40204. 18.2 12.6 24.7 2 5 .5 1 9 7 2 - Q l . . . . , .1 “ Q2...........| - 0 3 .......... . | - Q 4 ........... | 1811. 1917. 2507. 2880. 102. 106. 590. 372. 459. 339. 896. 1171. 6 .0 5.9 30.8 14.9 3 3 .9 2 1.5 55 .6 6 8. 6 4 5 .9 4 6 .8 52.9 5 6. 7 8 .0 2.1 12.9 7. 3 2 3. 3 11.0 2 4 .7 3 3 .5 39457. 40927. 47411. 50770. 8. 6 9 .5 2 4. 8 26. J 1 97 3-Q 1 .,,.,. J - 0 2 ...........1 —Q3. « « •. J —Q 4 . . . .,. | 3106. 3078. 3209. 3333. 226. -2 7. 131. 124. 1295. 1162. 702. 453. 7 .9 -0 . 9 4 .2 3 .9 7 1 .5 6 0 .6 2 8. 0 15.7 57 .8 59.2 56.4 57.2 2. 0 2.3 -4 .8 1.6 26.1 2 6.4 6 .6 0.9 53692. 52003. 56949,. 58219. 36.1 27.1 20 .1 14.7 1 9 7 4 - Q l . . . . . .1 -Q 2 .......j -0 3 .... .J -Q 4 ...... | 3361. 3844. 4477. 4238. 28. 483. 634. -240. 255. 765. 1268. 905. 0.8 14.4 16.5 -5 .4 8.2 24.9 3 9. 5 27. 1 57.1 6 2 .3 6 8 .3 6 2 .8 -0 .3 9.1 9 .6 -8 .0 -1 .3 5 .2 21.1 9.6 58867. 61691. 65594. 67509, 9 .6 18.6 15.2 16.0 1975— Q 1 . ••• .J - Q 2 . . . ... | -0 3 ...... | —Q4 .. . . < . | 4296. 4200. 4152. 4241. 58. -9 6. -4 8 . 90. 935. 356. -326. 3. 1 .4 -2 .2 -1 .2 2 .2 27.8 9.3 -7 .3 0 .1 6 2.4 5 9 .0 5 6. 5 56. 1 -0 .6 -5 .5 -4 .2 -0 .7 9 ,3 -5 .3 -1 7 .2 -1 0 .6 68816. 71186, 73475. 75597. 16.9 15.4 12.0 12.0 1976-Q 1 ...... | —Q 2 . •••.. J -Q 3 ..... | - Q 4 . . . . . .J *4549. 4378. 4539. 4899. 308. -171. 161. 360. 254. 178. 387. 657. 7.3 -3 .8 3 .7 7 .9 5 .9 4 .2 9 .3 15.5 59.2 5 6. 8 56.1 58.2 5.5 -4 .0 -1 .2 3 .7 -5 .2 -3 .7 -0 .7 3.7 76848. 77037. 80851. 84172. 11.7 8 .2 10.0 11 .3 1977-Q1. •• . 1 - Q 2 . . . . •| -Q 3 .... . | -0 4 ....,. | 5622. 5571. 5740. 5511. 724. -5 2 . 170. -229. 1073. 1193. 1202. 61 2. 14.8 -0 .9 3 .0 -4 .0 2 3.6 27.3 26.5 12.5 62.2 63.4 61.0 6 1 .0 6 .9 2.0 -3 .9 0. 1 5.1 11.6 8 .6 I# 8 90393. 67838. 94177. 9 03 52 . 17.6 14.0 16.5 7 .3 1 9 7 8 - Q l . , . * .| -0 2 .... . I -0 3 .,..,. | —Q 4 .. . . . | 5584. 5824. 6358. 6523. 73. 240. 534. 165. -3 8. 254. 618. 1012. 1 .3 4 .3 9 .2 2.6 -0 .7 4 .6 10.8 18.4 58. 1 6 0 .8 6 4.7 6 6 .9 -4 .7 4.7 6 .4 3 .3 -< • 6 -4 .1 6.2 9.6 96080. 95733. 98226. 97537. 6 .3 9 .0 4 .3 8 .0 1 97 9-Q 1 .... . J — Q2. . . .a.| -0 3 .... . | -Q 4 ....,. | 7393. 8108. 8503. 9888. 870. 715. 395. <385. 1809. 2284. 2145. 3365. 13.3 9 .7 4 .9 16.3 3 2 .4 3 9 .2 3 3 .7 51.6 68.4 71 .7 7 8. 0 8 0. 6 2.3 4. 7 8. 8 3 .3 17.7 17.8 2 0. 5 2 0. 5 108029. 113142. 109033. 122694.. 12.4 18.2 11.0 2 5. 8 1 9 8 0 - Q 1 . . . . .| -Q 2 .... . | — Q3. , . .,. | - Q 4 . . . . .| 10460. 10424. 8295. 8817. 573. -3 7. -2 1 2 9 . 522. 3067. 2315. -208. -1 0 7 1 . 5.8 -0 .4 -2 0.4 6 .3 4 1.5 28 .6 -2 .4 -1 0 .8 8 2. 9 83 .4 64. 1 6 8 .9 2.9 0.5 -2 3. 1 7 .5 21.2 16.4 -1 7 .8 -1 4 .5 126109. 125002. 129390. 127906. 16.7 1 0.5 18.7 4 .2 1 9 8 1 - Q 1 . . . . •| — Q2., . .,. | - Q 3 . . . . •| -«4 ....,. | 11073. 11453. 11929. 11179. 2256. 380. 476. -7 5 0 . 612. 1029. 3634. 2362. 2 5 .6 3 .4 4 .2 -6 .3 5 .9 9 .9 43.8 26.8 7 8.5 80.8 8 3 .7 77.4 13.9 2. 9 3 .6 -7 .6 -5 .3 -3 . 1 3 0 .6 12.3 141031. 141764. 142462. 144423. 11.8 13.4 10. 1 12.9 8960. 1982-01*.•• .| 7500. — Q2 .. . .,. J 6175. # 3 --------- . | -Q ____ -2 2 1 9 . -1460. -1 3 2 5 . -2113. -3 9 5 3 . -5 7 5 3 . -1 9.9 -1 6.3 -1 7.7 -1 9. 1 -3 4.5 -4 8 .2 62.5 56. 1 49.2 -1 9.3 -1 0.2 -1 2.3 143397. 133732. 125575. 1.7 -5 .7 -1 1 .9 ***** ***** ***** ***** -2 0 .4 -3 0 .6 -4 1 .3 ***** ***** TABLE 222.3Q FBDEHAX LA HD BANKS LOANS CLOSED FOUR-QUARTER HOPING TOTAL ABOONT i_ | BILLIONS OF DCLLABS f t | | CHANGE FROH PREVIOUS| 1 END CP 1 4 OOABTBB 1 _________ i___o iu m f i______ m i ___ i _ , 1 1 ****** ****** ****** 1964-Q1...........| ****** ****** ****** ****** ****** ****** - Q 3 .......... 1 ****** ****** ****** - Q 4 ...........| I BAB ENDING— 1965— Q 1 . « * ••| -Q 2 .....j - Q 3 ...........I ~c ^» •••• i i 1966— Q l . - ••• | -Q 3 .....J - 0 4 .......... | J 1967-Q1.......... | - Q 2 . . a .•1 — Q3«•••• | -Q 4 ...,.{ RUBBER OF LOANS PEBCEHTASE CHANGE FJtOB PREVIOUS QUARTER YEAH 1 1 THOUSANDS| 1 1 AVERAGE SIZB PERCENTAGE CHANGE FBOH PERVIOUS DOLLARS QUARTER PERCENTAGE CHANGE FBOH PREVIOUS YEAR YEAR ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** 54. 8 ***** ***** ***** ***** ***** ***** ***** ******* ******* ******* ******* **•* **** **** *•** ***** 6 .7 ******* ******* ******* ******* **** **** ***• •*** ****** ****** ****** ****** ****** ****** ****** ****** ****** ****** ****** ****** ***** ***** ***** ***** ***** ***** 56. 8 58 -9 59. 1 58. 4 3.8 3 .7 0.3 -1 . 1 ****** ****** ****** ****** ****** ****** ****** ****** ****** ****** ****** ****** ***** ***** ***** ***** ***** ***** ***** ***** 58.6 5 9. 8 5 9.8 5 4.0 0 .4 2. 0 0.1 -9 .8 3.2 1.5 1.3 -7 . 6 ******* ******* ******* ******* ***• **•* ***• **«* ****** ****** ****** ****** ****** ****** ****** ****** ****** ****** ****** ****** ***** ***** ***** ***** 49a 4 45. 5 43.7 4 8. 5 -8 .4 -7 .9 -4 .0 1Q. 9 -1 5 ,7 -2 3 .8 -2 6 .9 -1 0 .2 ******* ******* ***** ***** ******* **** ***• **** **** 1968-Q1...........J —C 2 *9 «••A -Q 3 .a ...| -Q 4» •• •• | J 1969-Q1.......... | -9 2 ..... | —Q3. . . . . | -Q 4 ...........| J 1970-Q1. | - Q 2 .......... J -Q 3 .....1 -Q 4 .....| ****** ****** ****** ****** ****** ****** ****** ****** ****** ****** ****** ****** ***** ***** ***** ***** ***** ***** ***** ***** 48.9 4 7.0 4 4 .2 40. 8 0 .8 -3 .9 -6 .0 -7 .6 -1 . 1 3 .2 1. 1 -1 5 .9 ******* ******* ******* ******* *••* **** *•** •*** ****** ****** ****** ****** ****** ****** ****** ****** ****** ****** ****** ****** ***** ***** ***** ***** ***** ***** ***** ***** 4 0. 3 4 1.2 4 0 .8 38.4 -1 .2 2.0 -0 .9 -5 .9 -1 7 .5 -1 2 .5 -7 .8 -6 . 0 ******* *•** *•** ••** **** ****** ****** ****** 1017. ****** ****** ****** ****** ****** ****** ****** ****** ***** ***** ***** ***** ***** ***** ***** ***** 35. 2 3 1 .3 30. 8 3 2 .2 -8 ,3 -1 1 .0 -1 .5 4 .4 1971— Q l . . . * . j - Q 2 .......... 1 - 0 3 ...........| - Q * ...........1 1124. 1282. 14251555. 107. 158. 143. 130. ****** ****** ****** 538. 10 .5 14. 1 11.2 9 .2 ***** ***** ***** 5 2. 9 3 3 .7 36.9 39.4 41.1 1 9 7 2 -Q 1 ....J "32* . . . . | - 0 3 ...........1 ..................I 1679. 1771. 1971. 2238. 124. 92. 200. 257. 556. 490. 547. 683. 8 .0 5.5 11.3 13.5 4 9 .5 3 8.2 38.4 4 3.9 1973-Q1...........I - 0 2 .......... | -Q l 3*. ••« J - 0 9 .......... 1 2596. 2912. 3073. 3169. 358. 316. 161. 96. 916. 1140. 1102. 931. 16.0 12. 2 5.5 3 .1 1974-Q1...........| -Q 2 „,,..i - 0 3 .......... | - 0 4 . . 4 3239. 3449. 3737. 3940. 70. 210. 288. 203. 643. 537. 664 . 77!. 1975-01. . . . . | - 0 2 . . . ..| - 0 3 ...........j -Q 4 .....A 4193. 4297. 4220. •4219. 253. 103. -7 7 „ -1 . 19 76 -Q1 .. . . . | - 0 2 .......... 1 -Q 3 ..,..| 4302. 4359. 4440. 4585. 1977-Q1.......... | -Q 2 .,..,| - 0 3 .......... 4 -Q 4 .....I ******* -1 2 .8 -2 3 .9 -2 4 .3 -1 6 . 1 ******* ******* 31571. •*** **** **** **•* 4 .6 9.7 6 .7 4.2 -4 .3 17.9 2 7.7 2 7.5 33359. 34696. 3615a. 37870. **♦* **** **** 2 0.0 4 3.2 44.5 4 7 .0 50.3 5.3 2 .9 5.7 7.0 2 8.4 20. 5 19.4 22. 6 38839. 39812. 4 1 908. 44458. 16.4 14.7 15.9 17.4 5 4 .6 6 4 .4 5 5. 9 4 1. 6 53.4 56.7 5 7.8 5 7.8 6. 1 6 ,2 1.9 0. 1 2 3. 5 27 .4 22.8 14.9 48616. 51350. 53181. 54802. 2 5.2 29.0 2 6. 9 2 3. 3 2 .2 6.5 8 .3 5.4 24 .8 18.5 21.6 2 4. 3 57.4 58.3 61.1 6 2.4 -0 .8 1.5 4. 9 2. 1 7.4 2 .7 5. 8 7 .9 56459. 59207. 61150. 63118. 16.1 15.3 15.0 15.2 954. 848. 483. 279. 6 .4 2 .5 -1 .8 -0 .0 29 .5 24 .6 12.9 7. I 6 3 .6 62. 8 6 0. 1 58 .6 2.0 -1 .4 -4 .3 -2 .6 10.9 7 .8 -1 .7 -6 .2 65883. 68435. 70215. 72056. 16.7 15.6 14.8 14.2 83. 57. 8*1. 145. 109. 6 2. 220. 366. 2 .0 1.3 1.9 3 .3 2 .6 1.4 5. 2 8. 7 57 .8 57.3 5 7.2 57. 7 -1 .3 -0 .9 -0 . ) 0 .8 -9 .2 -8 .8 -4 .8 -1 .5 74412. 76105. 77608. 79480. 12.9 11.2 10. 5 10.3 4890. 5231. 5494. 5619. 305. 340. 264. 125.. 588. 871. 1054. 1034. 6.6 7 .0 5. 0 2 .3 13. 7 20 .0 23.7 22. 5 58.5 6 0 .4 61. 4 6 2 .0 1.4 3. 2 1.8 1.0 1.1 5.4 7.3 7 .5 83619. 86669. 89470. 90616. 12.4 13.9 15.3 14.0 1978-Q1...........| - 0 2 ...........J - Q 3 ...........| - 0 4 ...........| 5602. 5678. 5801* 6014. -1 8. 77. 123. 213. 711. 448. 307. 395. -0 .3 1. 4 2 .2 3.7 14.5 8. 6 5 .6 7.0 60. 9 6 0 .2 6 1.0 62. 4 -1 .8 -1 .0 1.3 2 .2 4. 1 -0 . 2 -0 .6 0 .6 92020. 94257. 95052. 96432. 10.0 8 .8 6. 2 6,4 1979-Q1.......... i - 0 2 ...........J -0 3 ..... J 6523. 7171. 7648. 8391. 509. 648. 476. 743. 922. 1493. 1847. 2377. 8 .5 9 .9 6.6 9.7 16.5 26.3 3 1.8 3 9 .5 65. 1 68.2 71.1 74.3 4.4 4.7 '4.3 4.5 7.0 13. 1 16.5 19.2 100160. 105219. 107537. 112899. 8 .8 11.6 13.1 17. 1 9228. 9899. 9852. 9619. 837. 671. - 4 7. -233 . 2705. 2728. 2204. 1228. 10.0 7.3 -0 .5 -2 .4 41.5 3 8.0 2 8. 8 14. 6 78. 1 81 .3 78. 1 75.4 5. 1 4.2 -4 .0 -3 .4 19.9 19.3 9 .8 1.5 118179. 121721. 126165. 127555. 18.0 15.7 17.3 13.0 9798. 10090. 10876. 11375. 179. 292. 785. 4.99. 570. 191. 1024. 1756. 1.9 3.0 7 .8 4,.6 6 .2 1. 9 10. 4 18.3 74. 4 7 3.8 78. 1 80.0 -1 .3 -0 .9 5 .9 2. 4 -4 .7 -9 .3 0. 1 6. 1 131649. 136804. 139186. 142169. 11.4 12.4 10.3 11.5 10799. 9682. 8428. -576. -1 1 1 7 . -1 2 5 4 . 1001. -408. -2448. -5 . 1 -1 0.3 -1 3 .0 10. 2 -4 .0 -2 2 .5 75. 8 6 9.0 61, 2 1 .8 142491. 140333. 137779. -1 .0 1 1980-Q1...........J - Q 2 .......... | -Q 3 ....* 4 —Q4.......... 1 J 1981-Q1...........1 -Q 2 .......... | - Q 3 ...........1 ' 0 4 ................ S . i 1 98 2- Q 1 .« . . . | -Q 2 ..... | - 0 3 .................4 ________________ l -5 .3 -9 .0 -1 1 .3 -6 . 5 -2 1.7 8.2 2 . 6 22 TABLB 2 2 3 . IQ PB0IU1 LAID B1IKS LOAMS CLOSED AMD MMM BOMET LOAMED 1 1 | BILLIONS | 1 OF | | DCLLABS J 1 , i 1 1 9 6 4 - Q 1 . . . . . | ****** ****** -Q 2 .. . . j ****** “ Q3» ••• , j j ****** — Q4. « . « QOABT1B LOAMS CLOSED PBBCEMT AGZ CHANGE FEOM PBBTIOOS j OOAATEB p fi ***** ***** ***** BBS BOMB! LOAMED | AS PBBCBMTAGB OF j BILLIONS | |, OF | B E P A I- | DOLLIES | 1 LOAMS OOT j STAMDIMG* MEETS i J ***** ***** ***** *••* *•** | j | **•* ***** ***** ***** ***** j 183. 173.. 161. 190. PBBCBMTAGB CBAMGB FBOB PBBTIOOS Q0AB2BB IBA1 | AS PBBCBMTAGB 00 1 | LOAMS O U T I1 P A IBIMTS 1 STANDING* -5 .6 -6 .8 18.3 ***** ***** ***** •*** 5. 1 4. is 5 .3 274. 283. 205. J 1965—Q l . • | -Q 2 .... , | *Q3*f •• | < " Q B « ••■ 1 1966— Q 1 .••• , j | -Q 2 ... -Q 3 .... j - Q 4 . . . , ,| ****** ****** ****** ***** ***** ***** ***** *•••• ***** ***** ***** ***• *••• *•** **** ***** ***** ••*•• •••*• j | j j 260. 237. 176. 214. 36.7 -9 .0 -2 5.7 21 .7 * 2.3 37.2 9.3 12.4 7. 0 6. 1 4. 3 5. 1 295. 3 4 2 .. 282. 204. •***•• ••***• ****** ****•« ***** ***** ***** ***** ***** ***** ***** ***** ***• •*** *•** *•*• ***** ••••* ***** ***** | j j | 300. 316. 238. 158. 4 0. 3 5.3 -2 4.7 -3 3 .8 15.4 3 3 .6 3 5. 3 -2 6 .4 7. 0 7. 1 5 .0 3 .2 292. 455. 381. 157. 1 96 7-Q 1 .... -0 2 .9 ..., j -Q 3 .... ,J - Q 4 . . . . >] ****** ****** ****** ****** ***** ***** ***** ***** *•** ***** ***** ***** | j ***** ***** **** ***• ••*•• | 248. 259. 214. 277. 57.2 4.6 -1 7 .6 29.7 -1 7 .5 -1 8 .0 -1 0 .3 7 5. 9 5 .0 5.1 4 .0 5.1 265. 384* 319. 234. 1 96 8-Q 1 .... , | -Q 2 .... | ” Q3» ••• , j - Q 4 . ••• | 1 1 9 6 9-Q 1 .... | -Q 2 .... j —Q3 « . . . j -Q 4 ...,.J ****** **••*• ****** ****** ***** ***** ***** ***** ***** ***** ***** ***** ••** •••• **•• •**• ••*•• ***** ***** ***** j | | | 296. 253. 163. 190. 6 .7 -1 4 .3 -3 5 .6 16.7 19.4 -2 .2 -2 3 .7 -3 1 .3 5 .3 4 .4 2 .7 3. 1 267. 343. 227. 148. ****** ****** ****** ***** ***** ***** ••••* ***** ***** ***** ***** *••• *•*• •*•* «*•* ***** ***** ***** | | j 311. 319. 194. 162. 63.5 2.6 -3 9 .3 -1 6 .3 5.2 26 .0 18 .8 -1 4 .7 5. 1 5.1 3 .0 2 .4 261. 396. 264. 129. 1970—Q 1 . . . •.1 -Q 2 * ••• | -0 3 .... | -0 4 .... I 272. 270. 214. 261. ***** -0 .8 -2 0 .6 2 1 .7 ***** ***** ***** ***** 4. 1 4 .Q 3.1 3.7 235. 360. 279. 200. | | J | 235. 236. 184. 215. 45.0 0 .4 -22.1 17.0 -2 4.4 -2 6 .0 -5 .0 3 2. 7 3 .5 3.5 2 .6 3 .0 20 3. . 315. 240. 165. 1971—Q l . . . . I - 0 2 . . . . .1 —Q 3 . • •. | • - Q 4 . • •i.1 • 379. 428. 357 . 391. 4 5 .3 13.0 -1 6 .5 9 .5 3 9 .3 58 .5 6 6 .8 5 0 .0 5 .3 5 .8 4 .7 5 .0 276. 422. 357. 245. | | 298. 333. 288. 310. 38 .2 12.0 -1 3.7 7 .9 2 6.5 4 1. 2 56.4 44.1 4.1 4 .5 3.8 4.0 217. 329. 288. 194. 1 97 2- Q 1 . ••• | ,. —Q 2 . •• . | • -Q 3 .... . I —QU. « . . .| 503. 520. 557. 6 58 . 28 .6 3 .3 7 .3 18.0 3 2. 8 2 1.5 5 6.0 68 .2 6.4 6 .4 6 .6 7 .5 277. 383. 459. 364. J 404. 422. 445. 525. 30.1 | | | 5.3 18.1 3 5 .7 2 6.6 54 .5 69.2 5. 1 5 .2 5 .3 6.0 222. 311. 366. 268. 1 9 7 3-Q 1 ....,. | -Q 2 ....,. | -0 3 ... . .j -Q 4 .... . | 861. 835. 719. 754. 3 0 .9 -3 .0 -1 3 .9 4.9 71. J 6 0. 7 29.Q 14.6 9.5 8.7 7. 1 7 .2 365. 476. 474. 342. J | | J 712. 685. 599. 643. 35.5 -3 .7 -1 2.6 7.3 76 .2 6 2.3 34.8 2 2.4 7 .8 7.2 5.9 6. 1 1 9 7 4 - Q 1 . . . . .1 -0 2 ....,. | -0 3 ....,. | -Q 4 ....,. I 931. 1045. 1007. 957. 2 3.5 12.2 -3 .7 -4 .9 8.1 25.1 40.1 26.9 8 .5 9.1 8 .3 7.4 337. 594. 652. 428. | | 1 | 796. 886. 855. 803. 23.8 n .2 -3 .5 -6 .0 11.9 29.2 4 2.6 2 4.9 7 .3 7 .7 7. 0 6 .2 288. 504. 553. 359. 1 9 7 5 - Q 1 . . . . .| -0 2 ....,. | - Q 3 ......... . j -Q 4 .. . . .J 1184. 1148. 930. 957. 2 3.7 -3 .0 -1 9.0 2.9 2.7.2 9.9 -7 .6 -0 .1 8 .8 8.1 6.2 6 .2 444. 613. 516. 335. | 990. 946. 760. 782. 23.2 -1 9.7 2 .9 2 4.3 6 .9 -1 1.1 -2 .7 7 .4 6.7 5. 1 5.0 371. 505. 422. 274. 1 97 6 -0 1 .... . | - Q 2 . . . . .| —Q 3 . . . . .| -Q 4 .... . | 1267. 1205. 1011. 1102. 32.5 -4 .9 -1 6 . 1 9 .0 7.0 4.9 8.7 15.2 7 .9 7 .2 5 .8 6. 1 350. 459. 438. 334. 34.1 -7 .9 -1 6.2 7.7 5 .9 2. 0 | 1048. 966. 810. 872. 6. 6 11. 5 6. 5 5.0 4.7 4. 8 289. 368. 351. 264. 1 97 7- Q1 . . . . .1 -0 2 ... . . | -0 3 .... . | - 0 4 . . . .,. J 1572. 1546. 1275. 1226. 42.7 -1 . 7 -1 7 .5 -3 .8 24 .0 28.3 26.1 11.3 8 .5 8 .0 6.3 5 .9 336. 444. | 428. 338. | 1274. 1208. 981. 955. 46. 1 -5 .2 -1 8 .8 -2 .6 2 1.5 2 5. 0 21.2 9 .6 6 .9 6.2 4. 9 - 4 .6 273. 347. 330. 263. 1978—Q1. . . . -0 2 .... -0 3 .... -Q4. . . . 1555. 1623. 1397. 1439. 26.8 <4.4 -1 3 .9 3.0 -1 .1 5. 0 9.6 17.3 7 .2 7. 3 6 .0 6 .0 327. 433. 481. 347. 1 1244. 1272. 1098. 1145. 3 0.2 2.3 -1 3.6 4 .2 -2 .4 5 .3 11.9 19.8 5.8 5.7 4.7 4 .8 261. 339. 378. 276. 1979-Q1. . . . .| -0 2 .... . | -Q 3 .... . I - Q 4 . . . . .1 2064. 2271. 1874. 2183. 43. 4 10.0 -1 7 .5 16. 5 3 2.8 4 0.0 34.1 51.6 8 .4 8.8 6 .9 7 .7 414. 590. 593. 517. 1681. 1795. 1485. 1717. 46.9 6 .8 -1 7.3 15.6 35.2 41. 1 3 5 .2 50.0 6. 8 6 .9 5.4 6 .0 337. 467. 470. 407. 1 9 8 0-Q 1 .... -0 2 .... -0 3 .... -0 4 .... 2901. 2942. 1827. 1950. 3 2.9 1.4 -3 7.9 6 .7 40 .5 2 9 .6 -2 .5 -1 0 .7 9.8 9.3 5 .4 5 .6 568. 945. 594. 480. | .| .| 2389. 2389. 1479. 1586. 39. 1 0 .0 -38.1 7.2 42.1 33.1 -0 .4 -7 .7 8 .0 7 .6 4 .4 4. 5 468. 768. 481. 391. 1 9 8 1 -Q 1 . • •. J • - Q 2 . . . •. ( -0 3 .... . | - Q 4 . 9 . . .4 3080. 3234. 2612. 2449. 5 8.0 5.0 -1 9 .2 -6 .3 6. 2 9 .9 43 .0 25.6 8 .5 8. 5 6 .5 5 .8 611. 870. 925. 596. | | | | 2502. 2622. 2105. 1966. 57 .8 4 .8 -1 9 .7 - 6 .6 9.8 4 2 .3 24.0 6.9 6 .9 5 .2 4. 7 496. 706. 746. 479. 2 .3 -1 5 .4 -3 5 .9 -1 8 .7 -3 4.5 -4 8.0 5 .7 4 .7 2. 9 435. 511. 326. | | | 1992. 1656. 1056. 1.3 -1 6 .9 -3 6 .3 -2 0.4 -3 6 .8 -4 9 .8 4. 6 3. 7 2. 3 346. 399. 253. .| .| .| .j .J .J 2504. 1 9 8 2 -Q 1 . . . . .| 2117. - 0 2 . . . . .1 1358. - 0 3 . . . . .J - J ______ ___ * LOAMS COISTAMDJMG AT BED OF PBBCEDIMG QOABTEM. ***** | | | | | | | | | | | | | | | ^ | j | J * .5 - 4 .4 4. 7 . 302. 391. 395. 291. 23 ZABLE 223.2Q PEDEBAI LAND BANKS LOANS CLOSED AND NEW HONEY LOANED SEASONALLY-ADJUSTED ANNUAL BATE LOANS CLOSED 1 NEN MONEY LOANED i QUABTEB | MILLIONS | 1 OP | | DGLLABS | 1 1 J 1 9 6 4 -Q 1 .... v | —Q 2 .. . . . j —Q 3 .» • • . j - Q 4 .... , | ****** ****** ****** ****** 1 1965—Q l .w . • . j - Q 2 . ••• . j - Q 3 . ••• ,| -Q 4 .. . . ,] J 1 9 6 6 -Q 1 • . . . . j -Q 2 .« . . . j - Q 3 . . . . .J “ Q 4 .... | 1 1 9 6 7 -Q 1 . . . . . j - Q 2 .... . j -Q 3 . . . . . | - Q 4 .... , | 1 1968—Q 1 .. . . . J -Q 2 .... —Q 3 .•• • . | -C 4 .... , j J PBBCENTAGE cba n gb PROM PREVIOUS j i.n PBBCENTAGE OP I. ' l 6a n s“ outSTANDING* repay- - MENTS MILLIONS | PERCENTAGE CHANGE OF | PBOM PBEVIOUS DOLLABS | OUABTEB YBAfi J 1 ***** -2 .7 2 4 .3 1 7 .2 AS PEBCE NTAGB OP | LOANS OUT- BBPAYMENTS ***** ***** ***** **** 18 . 22. 25. ***** ***** ***** ***** 4 1 .6 3 6 .4 9 .8 1 2 .7 24. 21. 21. 24. 291. 246. 252. 303. 1 4 .4 3 3 .8 36. 1 -2 6 .7 24. 25. 24. 15. 289. 329. 343. 230, 1 3 .9 8 .6 1 2 .5 2 6 .3 -1 7 .6 -1 8 .4 -9 .8 7 5 .8 17 . 18. 19 . 24. 262. 274. 288. 343. 1014. 890. 787. 883. -2 1 .8 -1 2 .2 -1 1 .5 12. 1 2 0 .8 -2 .4 -2 3 .2 -3 1 .9 18. 15 . 13. 15. 270. 246. 207. 214. ***** ***** ***** ***** ***** ***** ***** ***** **** **** **** **** ***** ***** ***** ***** ****** ****** ****** ****** ***** ***** ***** ***** ***** ***** ***** ***** **** **** **** **** ***** ***** ***** ***** 891. 836. 836. 1006. ****** ****** ****** ****** ***** ***** ***** ***** ***** ***** ***** ***** **** ♦ ♦ ** **** **** ***** ***** ***** ***** 1019. 11 18. 1138. 737. 1 .4 9 .7 1 .8 -3 5 .2 ****** ******* ****** ****** ***** ***** ***** ***** ***** ***** ***** ***** **** **** **** **♦ * ***** ***** ***** ***** 839. 912. 1026. 1296. ****** ****** ****** ****** ***** ***** ***** ***** ***** ***** ***** ***** **** **** **** **** ***** ***** ***** ***** . J 629. 613. 761. 8 9 2 .. -0 . 1 -6 .2 0 .0 2 0 .3 1 9 6 9 -Q 1 •••• -C 2 .,.. - 0 3 .... - Q 4 .... . | . | . j a| ****** ****** ****** ****** ***** ***** ***** ***** ***** ***** ***** ***** **** ♦ *** **** **** ***** ***** ***** ***** 1054. 1127. 930. 744. 1 9 .3 6 .9 -1 7 .5 -2 0 .0 3 .9 2 6 .6 1 8 .1 -1 5 .8 17. 18. 14 . 11. 262. 287. 240. 182. 1 9 7 0 - Q 1 .... - Q 2 .... —Q3. . . . —Q 4 .. . . •| .J . | .1 981. 934. 971. 1132. ***** 1 .4 -2 .3 1 6 .6 ***** ***** ***** ***** 15. 15. 14. 16. 253. 276. 241. 262. 807. 843. 879. 972. 8 .6 4 .4 4 .2 1 0 .6 -2 3 .4 -2 5 .2 -5 .5 3 0 .8 12. 12. 13 . 14. 208. 234. 2*8. 225. 1 9 7 1 -Q 1 .. . . . ( -Q 2 .... . k -Q 3 .... • | -Q 4 .....J 1352. 1578. 1611. 1708. 1 9 .4 1 6 .7 2 .1 C.O 3 7 .9 5 8 .7 6 5 .9 5 0 .9 19. 21. 21. 22. 298. 328. 306. 313. 1020. 1204. 1349. 1392. 4 .9 18. 1 1 2 .0 3 .2 2 6 .4 4 2 .9 5 3 .5 4 3 .2 14. 16 . 18. 18. 225. 250. 256. 255. 1 9 7 2 - Q 1 .... . 1 -Q 2 .. . . . | - Q 3 . . . . . .| -Q 4 .... . | 1811. 1917. 2507. 2880. 6 .9 5 .9 3 0 .8 1 4 .9 3 3 .9 2 1 .5 5 5 .6 6 8 .6 23. 23. 30. 33. 304. 301. 391. 440. 1409. 1540. 2059. 2330. 1 .2 9 .3 3 3 .7 1 3 .2 3 8 .1 2 7 .8 5 2 .7 6 7 .4 18. 19. 25. 27. 237. 241. 321. 356. 1 9 7 3 - Q 1 ...• . | . —Q 2 .. . . c1 -0 3 ....,. J -Q 4 .... . | 3106. 3078. 3209. 3333. 7 .9 -0 .9 4 .2 3 .9 7 1 .5 6 0 .6 2 8 .0 1 5 .7 34. 32. 32. 32. 414. 381. 402. 410. 2511. 2515. 2735. 2850. 7 .8 0 .1 8 .8 4 .2 7 8 .3 6 3 ,3 3 2 .8 2 2 .3 28. 26. 27. 27. 335. 311. 343. 350. 1 9 7 4 - Q 1 . . . . •i —Q 2 .. . . . | -Q 3 .... . J — Q4. . . .,. | 3361. 3844. 4477. 4238. 0 .8 14c 4 16 . 5 -5 .4 8 .2 2 4 .9 3 9 .5 2 7 .1 31. 33. 37. 33. 389. 485. 552. 499. 2832. 3256. 3860. 3556. -0 .6 1 5 .0 1 8 .6 -7 .9 1 2 .8 2 9 .5 4 1 .2 2 4 .8 26. 28. 32. 28. 328. 411. 476. 419. 1975—Q 1 .. . • •J - Q 2 . . . . .| -Q 3 . • .1 —Q 4 .. . . . | 4296. 4200. 4152. 4241. 1. 4 -2 . 2 -1 .2 2 .2 2 7 .8 9 .3 -7 .3 0 .1 32. 30. 28. 27. 532. 503. 433. 395. 3546. 3469. 3428. 3467. -0 .3 -2 .2 -1 .2 1 .1 2 5 .2 6 .5 -1 1 .2 -2 .5 26. 24. 23. 22. 439. 415. 358. 323. 1 9 7 6 - Q 1 .... . | —Q 2 . . « . • | —Q 3 .•• •• | —Q 4 . •• i 4549. 4378. 4539. 4899. 7 .3 -3 .8 3 .7 7 .9 5 .9 4 .2 9 .3 1 5 .5 28. 26. 26. 27. 398. 381. 369. 387. 3718. 3520. 3657. 3889. 7 ,3 -5 .3 3 .9 6 .3 4 .9 1 .5 6 .7 1 2 .2 23. 21. 21. 22. 325. 306. 297. 307. 1 9 7 7 -Q 1 .... . | —Q 2 . . . •. | — Q3. . . . .| - Q 4 . . . . •| 5622. 5571. 5740. 5511. 1 4 .8 -0 .9 3 .0 -4 .0 2 3 .6 2 7 .3 2 6 .5 1 2 .5 30. 29. 29. 26. 389. 366. 370. 390. 4507. 4367. 4435. 4319. 1 5 .9 -3 .1 1 .5 -2 .6 2 1 .2 24. 1 2 1 .3 1 1 .0 24. 23. 22. 21. 312. 287. 286. 306. 1 9 7 8 -Q 1 . •• • . | —Q 2 .. . . • | - 0 3 . . . . •| —Q 4 .•••,•J 5584. 5824. 6358. 6523. 1 .3 4 .3 9 .2 2 .6 -0 .7 4 .6 1 0 .8 1 8 .4 26. 26. 28. 27. 376. 358. 415. 403. 4415. 4575. 5019. 5238. 2 .2 3. 6 9 .7 4 .4 -2 .0 4 .8 1 3 .2 2 1 .3 20. 21. 22. 22. 297. 281. 328. 324. I 9 7 9 -Q 1 . . . . , . | -Q 2 .. . . . | -Q 3 .... . | —Q4. .J 7393. 8108. 8503. 9888. 1 3 .3 9 .7 4 .9 1 6 .3 3 2 .4 3 9 .2 3 3 .7 5 1 .6 30. 31. 31. 35. 478. 483. 518. 598. 5934. 6431. 6769. 7867. 1 3 .3 8 .4 5 .3 1 6 .2 3 4 .4 4 0 .6 3 4 .9 5 0 .2 24. 25. 25. 28. 384. 383. 412. 476. 1 9 8 0 -Q 1 ...... | -Q 2 ....,. | . -Q 3 .. • . , | - Q 4 . . . . , .| 10460. 10424. 8295. 8817. 5 .8 -0 .4 -2 0 .4 6 .3 4 1 .5 2 8 .6 -2 .4 -1 0 .8 35. 33. 25. 25. 665. 763. 518. 552. 8473. 8489. 6752. 7246. 7 .7 0 .2 -2 0 .5 7 .3 4 2 .8 3 2 .0 -0 .3 -7 .9 28. 27. 20. 21. 538. 621. 422. 453. 1 9 8 1 - Q 1 ...... | - Q 2 . . . . , .1 —Q3. . . . , . I —Q 4 .•••<.1 11073. 11453. 11929. 11179. 2 5 .6 3 .4 4 .2 -6 .3 5 .9 9 .9 4 3 .8 2 6 .8 31. 30. 30. 27. 712. 697. 827. 710. 8831. 9337. 9664. 9087. 2 1 .9 5 .7 3 .5 -6 .0 4 .2 1 0 .0 4 3 .1 2 5 .4 24. 25. 24. 22. 568. 568. 670. 577. 1 9 8 2 -Q 1 ...... | -0 2 ...... | —Q 3 .. . • , .1 8960. 7500. 6175. -1 9 .9 -1 6 .3 -1 7 .7 -1 9 .1 -3 4 .5 -4 8 .2 20. 17. 13. 502. 406. 286. 7005. 5909. 4821. -2 2 .9 -1 5 .7 -1 8 .4 -2 0 .7 -3 6 .7 -5 0 . 1 16 . 13. 10. 393. 320. 223. J ______ * SEASONALLY-ADJUSTED LOANS OUTSTANDING AT END OP PBECBDING QUARTEB. OUABTEB YEAB j 24 TABLE 223.3Q YEAR ENDING— 1964- Q ! . . . . -Q 2 .. . . -0 3 .... - Q 4 . ••. FEDEBA1 LAND BANKS LOANS CLOSED AND HEN HONEY LOANED JOUB-QUARIER NOTING TOTAL 1 1 I | MILLIONS I OF | DOLLARS 1 1 1 . j ****** ] ****** „j ****** j ****** 196 5-Q l.... . —Q 2 .. . . . - Q 3 . ... . . — Q 4 .. . . 1 | | | j J | | J j i 1 96 7-Q 1 .... . | — Q2. . . . . j -Q 3 .. . . j -Q4. . . . | I 1968— Q l . . . . | -Q 2 .. . . | -Q 3 .. . . . J -Q 4 ,. . . | 1 9 6 6-Q 1 .... . -Q 2 ... . . — Q 3 .. . . . -Q 4 . . . . NEKI HONEY LOANED LOANS CLOSED CHANGE FROH PREVIOUS YEAR | | AS PERCENTAGE OF CHANGE! FROM I MILLIONS | PREVIOUIS YEAR OF | _ DOLLARS | MILLIONS OF PERCENT 1 1 DOLLARS | AS PERCENTAGE OF | i REPLY1 LOANS OUT | STANDING* 1 MENTS 1 J LOANS OUT PERCENT | STANDING* 1 REPAY MENTS ****** ****** ****** ****** ***** ***** ***** ***** **** **** **** **** **** **** **** **** ****** ****** ****** 707. ****** ****** ****** ****** ***** ***** ***** ***** **** **** **** **** **** **** **** **** ****** ****** ****** ****** ****** ****** ****** ****** ***** ***** ***** ***** **** **** **** **** **** **** **** **** 784. 848. 863. 887. ****** ****** ****** 180. ***** ***** ***** 25.5 22. 23. 23. 22. 261. 276. 276. 273. ****** ****** ****** ****** ****** ****** ****** ****** ***** ***** ***** ***** **** **** **** **** **** **** **** **** 927. 1007. 1069. 1012. 143. 158. 205. 125. 18.2 18.6 2 3. 8 14. 1 23. 24. 24. 22. 273. 297. 315. 302. ****** ****** ****** ****** ****** ****** ****** ****** ***** ***** ***** ***** **** **** **** **** **** **** **** **** 960. 902. 878. 998. 32. -104. -191. -1 5. 3.5 -1 0 .3 -1 7 . 8 -1 .4 20. 18. 17. 19. 295. 279. 267. 288. ****** ****** ****** ****** ****** ****** ****** ****** ***** ***** ***** ***** **** **** **** **** **** **** **** **** 1045. 1040. 989. 902. 86. 137. 111. -9 5. 9 .0 15.2 12.7 -9 .5 19. 19. 17. 15. 288. 281. 264. 234. “ m illions OF DOLLARS i 19 69 -Q1 . . . . . j - Q 2 . . . •# | - Q 3 . ••• | — Q4 .•• • ] J 1970— Q 1. •• •. | —Q 2 .. . . j -Q3. . . . | -Q 4 .. . . .] ****** ****** ****** ****** ****** ****** ****** ****** ***** ***** ***** ***** **** **** **** **** **** **** **** **** 918. 984. 1014. 986. -128. -5 6. 25. 84. -1 2 .2 -5 .4 2 .6 9 .3 15. 16. 16. 15. 233. 246. 252. 248. ****** ****** ****** 1017. ****** ****** ****** ****** ***** ***** ***** ***** **** **** **** 15. **** *♦** **** 256. 911. 828. 818. 871. -7 . -156. -1 9 7 . -1 16 . -0 .8 -1 5 .9 -1 9 .4 -1 1 .7 14. 12. 12. 13. 230. 212. 208. 219. 1971— Q l . . . . .| - Q 2 . . . . •J -Q 3 .,.. . j — Q 4 .•• ■. | 1124. 1282. 1425. 1555. ****** ****** ****** 538. ***** ***** ***** 5 2.9 16. 18. 20. 21. 268. 288. 304. 312. 933. 1030. 1134. 1229. 23. 203. 316. 358. 2 .5 2 4 .5 3 8. 7 4 1 .2 13. 14. 16. 16. 223. 231. 242. 247. 1 97 2-Q 1 .... . | - Q 2 . . . ... | — Q 3 .•• •..1 — Q4. •• • | .. 1679. 1771. 1971. 2238. 556. 490. 547. 683. 49.5 3 8 .2 3 8 .4 4 3. 9 22. 23. 24. 27. 309. 307. 329. 360.. 1335. 1424. 1581. 1796. 402. 394. 447. 567. 43. 1 3 8 .2 3 9 .4 46. 1 17. 18. 20. 22. 246. 247. 264. 289. 1 97 3-Q 1 ...... | —Q 2 . •. •. | -Q 3 ..,... J - Q 4 . •. ... 1 2596. 2912. 3073. 3169. 916. 1140. 1102. 931. 54 .6 6 4 .4 55 .9 41 .6 3 0. 33. 33. 32. 385. 407. 412. 404. 2103. 2367. 2521. 2639. 768. 942. 940. 843. 57 .5 6 6 .2 59.5 4 7. 0 24. 26. 27. 27. 312. 331. 338. 337. 1 9 7 4 -Q 1 .. . . . . | .| -Q2. -Q 3 .. . . . J —Q4. .1 3239. 3449. 3737. 3940. 643. 537. 664. 771. 24.8 18.5 21 .6 24 . 3 32 . 32. 33 . 33 . 393. 418. 451. 474. 2724. 2924. 3179. 3340. 620. 557. 658. 701. 2 9. 5 2 3. 5 26. 1 26.5 26. 27. 28. 28. 330. 354. 384. 402. 1 9 7 5-Q 1 .,.., - Q 2 . ■••.. | - Q 3 ----------. | — Q 4 . • ■.. | • 1 1 9 7 6 -Q 1 .... . | —Q2. ••* . | - Q 3 . •• . | — Q 4 .. » . < .J 1 I 9 7 7 - Q 1 . . . . •1 — Q 2 .•• •. 1 -Q 3 . . . . , .J —Q 4 . . . . . | 4193. 4297. 4220. 4219. 954. 848. 483. 279. 2 9. 5 2 4 .6 12.9 7.1 3 4. 33 . 30 . 29 . 511. 516. 492. 459. 3533. 3594. 3499. 3478. 809. 670. 320. 138. 2 9. 7 22 .9 10. 1 4.1 28. 27. 25. 2-4. 430. 432. 408. 378. 4302. 4359. 4440. 4585. 109. 62. 220. 366. 2 .6 1.4 5 .2 8. 7 28. 28. 27. 27. 424. 400. 38 9. 387. 3536. 3556. 3605. 3696. 3. -3 9. 106. 218. 0. 1 -1 . 1 3.0 6 .3 23. 23. 22. 22. 348. 32 6. 316. 312. 4890. 5231. 5494. 5619. 588. 871. 1054. 1034. 13.7 20 .0 2 3. 7 2 2.5 28. 29. 29. 28. 379. 380. 381. 381. 3921. 4163. 4335. 4418. 385. 608. 729. 7 23. 10.9 17. 1 2 0.2 19.6 22. 23. 23. 22. 304. 303. 300. 299. 1978— Q1. . . . . -Q 2 .. . . . — Q 3 .. . . . — Q 4 .•• •. | | | | 5602. 5678. 5801. 6014. 711. 448. 3 07 . 395 . 14.5 8.6 5 .6 7 .0 27. 27. 26. 27. 377. 376. 386. 386. 4388. 4452. 4569. 4758. 466. 289. 234. 340. 11.9 6 .9 5 .4 7 .7 21. 21. 21. 21. 296. 295. 304. 306. 1979-Q1• . . . . | - Q 2 . . . . .| —Q 3 .••• . | — Q 4 . . . ... J 6523. 7171. 7648. 839 l. 922. 1493. 1847. 2377. 16.5 2 6. 3 3 1 .8 3 9. 5 28. 29. 30. 32. 413. 452. 474. 518. 5195. 5719. 6106. 6678. 808. 1267. 1536. 1920. 18.4 2 8.4 33.6 40 .4 22. 23. 24. 25. 329. 360. 378. 412. 1980— Q l . . . . - Q 2 . ••• . | - Q3. . . . . | - Q 4 . •• . . j 9228. 9899. 9852. 9619. 2705. 2728. 2204. 1228. 41.5 38.0 2 8.8 14.6 3 3. 34. 32 . 30. 565. 635. 635. 626. 7386. 7980. 7974. 7842. 2 *90. 2262. 1868. 1164. 42. 2 3 9 .5 3 0 .6 17.4 27. 27. 26. 24. 452. 512. 514. 511. 1 98 1-fll.... . | - Q 2 . . . . .| -Q 3 . . . . . | .| 9798. 10090. 10876. 11375. 570. 191. 1024. 1756. 6. 2 1.9 10.4 18.3 29. 28. 29. 29. 641. 635. 695. 725. 7955. 8188. 8814. 9194. 569. 208. 840. 1352. 7.7 2 .6 10.5 17.2 23. 23. 24. 24. 520. 515. 564. 586. 10799. 1982— Q l . . . . .1 - Q 2 . . . . .| 9682. . 8428. -Q3. . . . < | _J_____ 1001. -408. -2 4 4 8 . 10.2 -4 .0 -2 2 .5 26. 23. 19. 658. 575. 464. 8685. 7719. 6669. 729. -4 70 . -2 14 5. 9.2 -5 . 7 -2 4 .3 21. 18. 15. 530. 459. 367. * AVEBAGE LOANS OUTSTANDING DURING THE PRECEDING FOUR QUARTERS {AVERAGE OF END-OF-QUARTER DATAJ 25 TABLE 224. IQ FEDERAL LAND BANKS REFINANCING AND REPAYMENTS QUARTER I l__T _ 1 | MILLIONS S OF J DOLLARS 1 J . | ****** .] ****** s | ****** ,j ****** REFINANCING OF FEDERAL LAND BANK LOANS J J j | 1 PERCENTAGE CHANGE FROR PREVIOUS QUARTER YE AB REPAYMENTS | AS PERCENTAGE OF 1 LOANS REPAYMENTS i LOANS OU TCLOSED 1 STANDING* AND REFINANCING i 1 MILLIONS | OF | DOLLARS J 1 PERCENTAGE CHANGE FROM PREVIOUS QUARTER YEAR | AS | PERCENTAGE OF 1 | LOANS OUT 1 STANDING* ***** ***** ***** ***** ***** ***** ***** ***** **** **** **** **** **** **** **** ***♦ **** +*** **** **** ****** 63. 57. 93. ***** ***** -9 .7 6 3. 3 ***** ***** ***** ***** **** 1 .9 1.6 2 .6 ****** ****** ****** ****** ***** ***** ***** ***** ***** ***** ***** ***** **** **** **** **** **** ♦*** **** ♦*** **** **** **** **** 88. 69. 62. 105. -5 .2 -2 1 .4 - 10.0 6 7. 9 ***** 10.0 9 .6 12. 7 2. 4 1.8 1.5 2 .5 ****** ****** ****** ****** ***** ***** ***** ***** ***** ***** ***** ***** **** **** **** **** ♦*** ±*** A*** ♦*** **** **** **** **** 103. 69 . 62 . 10<1. -1 .8 -3 2 .5 -1 0 .2 61. 1 16. 7 0. 2 0.0 -4 .0 2 .4 1.6 1.3 2.1 ****** ****** ****** ******, ***** ***** ***** ***** ***** ***** ***** ***** **** **** **** **** ♦*** ♦*** ***♦ **** **** **** **** **** 93. 67. 67. 118. -7 .2 -2 7.8 -0 .6 76. 9 -9 .3 -3 .0 7. 3 17.8 1. 9 1.3 1.3 2 .2 J 19 68 -Q1. . . . j -6 2 .,.. j — Q3r. m* . j r ~Q4. . . . , | ****** ****** ****** ****** ***** ***** ***** ***** ***** ***** ***** ***** **** **** **** **** **** **** **♦* *♦*♦ **** **** **** **** 11 1. 74. 7 2. 129. -6 .6 -3 3. 2 -2 .9 79 .3 18.5 9 .7 7. 2 8. 7 2 .0 1.3 1 .2 2. 1 1969-Q1... . . - Q 2 . •• •. -Q 3 .. . . . -6 4. . . . | j | | J . | . ! . 1 •\ ****** ****** ****** ****** ***** ***** ***** ***** ***** ***** ***** ***** **** **** **** **** **** **** **** **** **** **** **** **** 119. 81. 73. 125. -7 .4 -3 2 .5 -8 .9 70 .9 7. 8 8 .9 2. 2 -2 .6 1.9 1.3 1. 1 1.9 37. 39. 30 . 45. ***** -8 . 1 -1 0 .4 50.6 ***** ***** ***** ***** 0 .5 0 .5 0.4 0.6 13. 13. 14. 17. 24. 31. 28. 26. 116. 75. 77. 130. -7 .6 -3 5 .3 2. 4 70.0 -2 . 9 -7 .0 4.5 4 .0 1.7 1.1 1. 1 1.8 1971— Q 1 . . . . . | -Q2. . . . . | — Q 3 .. . . , | -Q 4 . •. • 81. 94. 70. 81. 78 .9 16.5 -2 6. 3 16.0 120.8 180.0 130.3 7 8.2 1. 1 1.3 0.9 1 .0 21. 22. 19. 21. 37. 48. 41. 34. , 137. 101. 100. 160. 5. 2 -2 6 .2 -1 .3 6 0 .0 18.5 3 5 .2 3 0 .3 2 2.6 1.9 1.4 1.3 2. 1 1 9 7 2 -Q 1 .... . 1 -Q 2 -------- . | —Q3. . . . . i - Q 4 . . . . .| 99. 98. 113. 133. 22. 8 -1 -7 15.8 17.6 2 2.3 3.2 62.2 6 4 .4 1.3 1.2 1.3 1.5 20. 19. 20. 20. 35. 42. 48. 42. 182. 136. 12'*. 182. 13.6 -2 5.3 -1 0 .5 49.9 3 2 .4 3 4 .0 2 1 .5 13.8 2.3 1.7 1.4 2. 1 1973— Q1 . . . . -Q 2 .. . . -Q3. . . . —Q4.. . . 149, 150. 120. 111. 12. 4 0.5 -2 0 .2 -7 .2 5 0 .5 5 3. 8 6.0 -1 6 .3 1. 6 1.6 *.7 1. 1 17. 18. 17. 15. 39. 46. 44. 33. 236. 175. 152. 221. 2 9.5 -2 5 .6 -1 3.6 45.5 2 9.7 29.3 24. 9 21.3 2.6 1.8 1.5 2.1 j | | | 135. 159. 152. 154, 2 1. 3 18.3 -4 .6 1. 1 -9 .7 6. 3 2 7. 2 3 8 .6 1. 2 1. 4 1.3 1.2 14. 15. 15. 16. 33. 48. 50. 41. 277. 176. 154. 224. 25.3 -3 6.4 -12.1 44.7 17.3 0.2 1 .8 1. 2 2.5 1 .5 1.3 1.7 19 7 5 -Q 1. •••.| -Q 2 .. . . . | — Q 3 .. . •. | - Q 4 -------- .| 195. 202. 170. 175. 2 6.5 3.7 -1 5 .7 2. 9 4 4 .4 26.6 11.8 13 .7 1.4 1.4 1. 1 1. 1 16. 18. 18. 18. 42. 52. 49. 38. 267. 187. 180. 286. 19.4 -2 9.8 -3 .8 58.6 -3 . 5 6. 6 16.6 27. 8 2 .0 1.3 1.2 1.8 .i .1 . | .J 219. 239. 201. 230. 25. 2 9.2 -1 5 .9 14. 2 12.5 18.5 18.3 3 1 .4 1.4 1.4 1.2 1.3 17. 20. 20. 21. 38. 48. 47. 41. 362. 262. 231. 330. 26.7 -2 7.5 -12.1 43.0 35. 7 40. 1 28.0 15.4 2.3 1. 6 1.3 1.8 1 9 7 7 - Q l . ••• • I —Q 2 .. . . . | -Q 3. . . . . J - Q 4 . . . ..| 298. 338. 294. 271. 2 9. 6 13. 4 -1 3. 1 -7 .7 3 6 .0 41.2 4 5.9 17.8 1.6 1.7 1. 5 1.3 19. 22. 23. 22. 39. 49. 50. 43. 467. 348. 29 8. 363. 4 1. 7 -2 5.5 -1 4.5 21.9 29. 1 3 2 .6 29.0 10.0 2.5 1.8 1.5 1.7 1978-Q1. . . . .1 - Q 2 --------- .1 -Q 3 . . . . - J - Q 4 . . . . .1 311. 351. 299. 295. 14. 12. -14. -1 . 7 8 7 5 4.3 3.8 1.9 8.7 1.4 1.6 1.3 1.2 20. 22. 21. 20. 40. 48. 51. 42. 4 76. 375. 290. 415. 31.2 -2 1.2 -22. 6 43. 1 1.8 7. 7 -2 . 5 14. 4 2 .2 1.7 1.3 1.7 1979— Q1. . . • . J -Q 2 . ••. .. | - 6 3 --------- .i — Q4.... .| t 383. 476. 30.0 24. 2 23.2 3 5. 6 1.6 1. 8 19. 21. 43. 55. 498. 385. 19.9 -2 2. 8 4 .6 ' 2.6 389. 4£5. -18.3 19. 7 29.9 57.9 1 4 . 21. 21. 55. 52. 316. 422. -17.9 33.6 8.9 1.7 2 .0 1.5 1.2 1980-Q1... ..J , -Q2.....J -Q3----.| -Q4.... .| 512. 553. 348. 364. 10. 1 18. 19. 19. 50. 64. 53. 47. 511. 31 1 . 308. 406. 21.0 2 .6 7.9 -37. 1 4.7 33.7 16.2 -10.5 -39. 1 -19. 1 -1 . 1 -2 . 6 9 -3. 8 1.2 1981-Q1.... ,| -62.... .| -63.... .| -Q4----. 1 578. (612. 507. 483. 58. 9 5.8 -17. 1 -4. 8 53. 62. 64. 54. 504. 372. 28 2. 411. 24. 2 -26.3 -24.0 45.5 -1.3 19. 4 -8.3 1. 4 0.7 1.2 1.0 | 1982-61.... . - 6 2 .......... .i -Q3---- .| 512. 461. 302. 47. 53. 42. 576. 4 15. 417. 40. 2 -28.0 14. 2 0. 6 47. 8 1.3 0. 9 0.9 1S64-Q1. . . . **Q2. . . . - 0 3 --------Q 4 .. . . i 1965—Q 1. •• •. ] — Q2 s . . . | < -Q 3 .... . j -Q 4 ...„ ,] 196 6-Q l.... J -Q 2 ,. . . .j -Q3. . . . | -Q4. . . . ,] J 1 9 6 7 -Q 1 ,. . . j ™Q2« •• • j -Q3. . . . . J - Q 4 -------- | 1970— Q1 . . . . — Q2. . . . — Q3. . . . -Q 4 .... . | . | .J .| 1974—Q 1 . ■•* . -Q 2 . . . . . - Q 3 -------- . — Q4 ,. . . . 1 97 6-Q 1 .... - 6 2 -------- Q 3 --------Q 4 .... .J____ 6.0 -9. 9 -34. 4 -2 1.8 12.9 10.7 45.9 32.7 -11. 5 -24.7 -40.4 1.6 1. 7 1.7 1 .0 1.0 1.6 19. 1.3 19. 19. 19. 1. 1 20. 1.2 20. 1 0 22. 22. 1.6 . 0. 7 * LOANS OUTSTANDING AT END OF PRECEDING £UARIER. "EEFINANCING 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. 3 1'1.6 1.5 1.7 1.0 0.9 1.0 26 TABLE 22a.2Q FEDERAL LAUD BANKS REFINANCING AND REPAYMENTS SEASON ALLY**ADJUSTED ANNUAL BATE REFINANCING OF FEDERAL LAND BANK LOANS 1 1 1 MILLIONS | QUARTER 1 OF | | DOLLARS | 1 1 1 1 9 6 4 - Q l . . . . | ****** ****** -Q 2 .... . j . | ****** ****** -Q 4 .... j J ****** 1 9 6 5 -Q 1 .... . j - Q 2 . . . . . | ****** - Q 3 . . . . | ****** ****** -Q 4 .,.. j J ****** 1 9 6 6 -Q l.... . j - Q 2 . •• • | ****** ****** -Q 3 . . . . j ****** -Q 4 i... j i ****** 19i67—Q1. . . . j - Q 2 . , . . | ****** j ****** — Q 3 .. . . -Q 4 -------- | ****** PERCENTAGE CHANGE FROM PREVIOUS QUARTER YEAR | 1 REPAYMENTS AS PERCENTAGE OF LOANS OU T1 STANDING* , 1- LOANS CLOSED REPAYMENTS AND REFINANCING I MILLIONS | OF | DOLLARS j _ 1 PERCENTAGE CHANGE FROM PREVIOUS QUARTER YEAR | AS | PERCENTAGE | OF | LOANS OU TJ STANDING* ***** ***** ***** ***** **** **** **** **** **** **** **** **** **** **** **** **** ****** ****** ****** ****** ***** ***** ****** ****** ****** ***** ***** ***** ***** ****** ****** ****** ****** ***** ***** ***** **** **** **** **** **** **** **** **** 306. 339. 332. 332. ***** 10.8 -2 .2 0 .1 ***** ***** ***** ***** **** **** **** **** ***** 8 .2 8 .7 8.2 8 .0 ****** ****** ****** ****** ***** ***** ***** ***** **** **** **** **** **** **** **** **** **** **** ♦*** **** 353. 340. 33 2. 320 . 6.2 -3 .7 -2 .3 -3 .6 15.2 0. 1 0. 1 -3 .6 8.2 7.6 7.1 6 .6 ****** ****** ****** ****** ***** ***** ***** ***** **** **** **** **** **** *♦** **** **** **** **** **** **** 320. 333. 356. 378. -9 . 1 -2 .0 7 .4 18.6 6. 4 6.5 6.8 7 .0 ****** ***** ***** 0. 1 3.9 7. 1 6.0 **** **** **** **** 1 j | j j 1 j | j | ****** ****** ****** ****** ****** ****** ****** ****** ***** ***** ***** ***** **** **** **** **** **** **** **** **** **** **** **** **** 376. 362. 380. 413. -0 .4 -3 .7 4. 9 8 .7 17. 4 8. 8 6.7 9.4 6.7 6.2 6 .4 6.8 ****** ****** ****** ****** ****** ****** ****** ****** ***** ***** ***** **** **** **** **** **** **** **** **** **** **** **** **** 403. 393. 387. 408. -2 .5 -2 .4 -1 .6 5 .6 7. 1 8. 5 1 .7 -1 .2 6 .5 6.2 5 .9 6. 1 1 9 7 0 - Q 1 . . . •.1 -Q 2 ... . | — Q 3 . . . . .1 - Q 4 . , . . ,| 129. 124. 141. 195. ****** -3 .6 13.2 38. 4 ***** ***** 1. 9 1.8 2 .0 2.8 13. 13. 14. 17. 25. 26. 26. 31. 388. 361. 404. 433. -5 .0 -7 .0 12.6 7.2 -3 . 7 -8 .2 4 .4 6.0 5. 7 5 .3 5 .8 6. 1 1971— Q l- •• . | - Q 2 -------- .J - Q 3 . . . . , ,| — Q 4 .. . . . | 286. 347. 321 . 353. 4 6. 7 2 1 .4 -7 .3 9 .8 121.5 179.0 128.4 81.3 4 .0 4. 7 4.3 4 .6 21. 22. 20. 21. 3 9. 42. 38. 39. 454. 481. 527. 547. 5. 0 5 .9 9 .6 3.7 17. 1 3 3 .4 30. 5 2 6 .3 6 .3 6.5 7.0 7.'1 1 97 2- Q 1 .. . . . . 1 -Q 2 ....,. | - Q 3 . ••. .J — Q 4 .•• ■.. i 357. 357. 517. 573. 1.2 -0 .2 4 4 .8 10.8 25.1 2 .8 6 0 .7 6 2. 2 4. 5 4 .4 6 .2 6 .6 20. '19. 21. 20. 38. 36. 45. 47. 595. 638. 641. 655. 8.9 7. 2 0.5 2 .2 3 1.0 3 2 .6 21 .6 1 9. 8 7 .5 7 .8 7 .6 7 .5 1973-Q 1. . . .. . | - Q 2 --------- . | - Q3. . . . . | - Q 4 . •• •< | . 546. 546. 539. 487. -4 . 6 -0 . 1 -1 .3 -9 .7 5 2.8 53.1 4 .3 -1 5 .0 6.0 5.7 5 .4 4 .6 18. 18. 17. 15. 42. 40. 40. 37. 750. 608. 798. 813. 14.5 7. 7 -1 .3 2.0 2 6.0 26 .7 2 4. 5 2 4.2 8 .2 8 .4 8 .0 7.8 1 9 7 4 -Q 1. . ■ •.. J -Q 2 . . . . . . | - Q 3 ----------. | —Q 4 .. . . . J 500. 577. 672. 670. 2 .7 15. 5 16. 5 -0 .4 -8 .5 5. 7 2 4.8 37 .6 4 .5 5 .0 5.5 5 .2 15. 15. 15. 16. 37. 42. 45. 44. 864. 792. 811. 849. 6.3 -8 .3 2 .4 4 .6 15. 2 -1 .9 1.7 4. 3i 7 .9 6.9 6. 7 6 .6 1975— Q 1 , . . . . 1 -Q 2 . . . . . | — Q 3 . •••. | - Q4 . . . . .1 737. 724. 743. 772. 10. 1 -1 . 8 2 .6 4 .0 4 7 .5 2 5.5 10.5 15.4 5. 5 5.1 5. 0 5 .0 17. 17. 18. 18. 48. 46. 44. 42. 808. 836. 959. 1075. -4 . 3. 14. 12. 8 5 7 1 -6 .6 5 .4 18.2 26 .7 6 .0 5.9 6.4 6 .9 197 6-Q1. . . . . | - Q 2 -------- .4 - Q 3 . ••• .1 —Q4. •••. i 831. 849. 877. 1024. 7 .5 2. 2 3.3 16. 8 12.7 17.3 18.0 3 2 .5 5.2 5. 1 5. 1 5 .7 18. 19. 19. 21. 42. 42. 42. 45. 1143. 1149. 1230. 1267. 6.3 0 .5 7.0 3. 1 4 1 .5 3 7 .5 28. 3 17.9 7. 1 6 .9 7. 1 7. 1 1 9 7 7 -Q 1 ., .. . .| - Q 2 . •• . .| —Q 3 . . . . . | -Q 4 . . . . . | 1124. 1188. 1278. 1225. 9. 8 5 .7 7 .6 -4 .2 3 5 .3 39 . 9 4 5. 8 19.6 6.0 6. 1 6.4 5. 9 20. 21. 22. 22. 44. 44. 45. 46. 1446. 1524. 1551. 1412. 14. 1 5 .3 1.8 -9 .0 2 6.6 32. 6 26. 1 11.4 7 .8 7 .9 7 .7 6 .8 1 9 7 8 - Q 1 . . . . .1 - Q 2 -------- . | - Q 3 -------- .| — Q 4 .. . . . i 1 ! 9 7 9 -Q 1. •••. ] -Q 2 . . . . . | 1175. 1225. 1313. 1340. -4 .0 4 .3 7. 2 2 .0 4 .6 3. 1 .2.7 9 .4 5 .4 5.5 5 .7 5. 6 21. 21. 21. 21. 44. 43. 46. 45. 1485. 1629. 1532. 1617. 5.2 9 .7 -6 .0 5.6 2. 7 6 .9 -1 .2 14. 6 6 .9 7 .3 6 .7 6 .8 8. 1 23.2 5.8 20. 4 8. 1547. -4 . 4 4 .2 6.2 -Q3. •• •. | -Q4.... , J 17 19. 2 126. 14.0 4.2 23. 7 34.7 30.9 58.7 6.4 6.3 7.5 20. 20. 22. 50. 51. 56. 1677. 1641. 1654. 8.4 -2. 1 0.8 3.0 7.2 2. 3 6.5 6. 1 5. 8 1980-Q1.... .| -Q2. .. •.| —Q3--- .| — Q4--- .j 1952. 1908. 1541. 1668. -8.2 -2.3 -19. 2 8. 2 34.9 15.7 -10.4 -21.5 6.5 6.0 4.6 4. 8 19. 18. 19. 19. 55. 58. 49. 51. 1573. 1366. 1601. 1599. -4.9 -13. 2 17.2 -0. 1 1.7 -18.6 -2.5 -3. 4 5.3 4.3 4. 8 4.6 1981—Ql.... . | -Q2.... . I -Q3.... . | -Q4. ••• .| . 2189.. 2106. 2266. 2220. 31.3 -3. 8 7.6 -2.0 12. 1 10.4 47. 1 33. 1 6.0 5.5 5.7 5.3 20. 18. 19. 20. 58. 56. 61. 59. 1556. 1644. 1443. 1574. -2. 7 5.6 -12. 2 9. 1 -1 . 1 20.3 -9.9 -1 . 5 4.3 4.3 3.6 3.7 1982—Ql... . .| , -Q2--- .i -Q3.••• . | 1911. 1584. 1356. -13.9 -17. 1 -14.4 4.3 3.5 2.9 21. 21. 22. 52. 46. 39. 1783. 1849. 2162. 13.3 3.7 16.9 14. 6 12. 5 49. 9 4. 1 4. 1 4.7 19 6 8 - Q l . . . . -Q 2 .. . . —Q 3 .. . . — Q4. . . . 1 96 9-Q 1 .... -Q 2 .. . . — Q3. . . . -Q4. . . . 1448. 1650. ***** ***** ***** -12.7 -24.8 -40.2 * SEASONALLY-ADJUSTED LOANS OUTSTANDING AT END OF PRECEDING QUARTER. "REFINANCING OF FEDERAL LAND BANK LOANS" IS COMPUTED AS LOANS CLOSED LESS NEB MONEY LOANED, AND THEN SEASONALLY ADJUSTED. "REPAYMENTS" ARE COMPUTED AS NEW MONEY LOANED LESS THE CHANGE IN LOANS OUTSTANDING, AND THEN SEASONALLY ADJUSTED. 27 .TABLE 2 2 4 .3Q FEDERAL LAND BANKS .REFINANCING AND REPAYMENTS POUR-QUARTER MOVING TOTAL REFINANCING OF FEDERAL LAND BANK LOANS 1 REPAYMENTS I | CHANGE FROM [ CHANGE FROM 1 1 YEAR | MILLIONS | PREVIOUS YEAR | AS PERCENTAGE OF MILLIONS | PREVIOUS YEAR I ENDING— | OF OF | I j DOLLARS 1 MILLIONS | LOANS OUTLOANS REPAYMENTS) DOLLARS | MILLIONS | OF PERCENT 1 STANDING* CLOSED AND | OF 1 PERCENT 1 J DOLLARS REFINANCING! 1 I 1 DOLLARS 1 ****** ***** ****** ****** **** **** **** ***** 1964-Q1.... . j ****** ****** ****** ***** ****** **** **** **** ***** -Q2--- | ****** | ****** ****** ****** ***** ****** **** **** **** ***** -QJ--****** ****** ****** ***** **** **** **** ***** -Q4--- j ****** i ****** ****** ****** ***** **** **** **** ***** 1965-Ql. ... 301. ****** ****** ***** **** **** **** ***** — Q2. ••• .| ****** 307. ****** ****** ***** **** **** **** ***** -Q3--- j ****** 313. j ****** ****** ****** **** ***** **** **** ***** -Q4--325. i ****** ***** **** **** **** 1966-Q1. ... j ****** 339. 38. 12.7 ****** ***** **** **♦*. **** -Q2--- j ****** 339. 10. 4 32. a | ****** ****** ***** **** »*** **** -Q3--27. 339. 8. 5 ****** ***** **** **** **** -Q4--- | ****** 335. 11. 3. 3 i ****** **** ***** **** **** 326. -14. -4. 0 1967-Q1. ... | ****** ****** ***** **** **** **** 324.. -4. 6 -Q2--- .) ****** -16. ****** **** **** ***** **** 328. -3. 3 -Q3--- .| ****** -11. ****** ***** **** **** **** -Q4--- j ****** 346. 3. 3 11. 1 ****** . j ****** **** **** **** ***** 363. 38. 11. 6 1968-Q'l.... ****** **** ***** **** **** 370. 46. 14.3 - Q 2 --- .J ****** ****** ***** **** **** **** -Q3--- j ****** 37 5. 47. 14. 2 ****** ***** **** **** **** “Q4.... j ****** 385. 39. 11.3 i ****** ***** **** **** **** 394. 30. 8.3 1969-Q1.... .j ****** ****** ***** **** ♦*** **** 400. 30. 8- 2 -Q2--- j ****** ****** **** **** ***** **** 27. 402. 7. 2 -Q3--- .j ****** ****** ***** **** **** **** -Q4. ... j ****** 399. 13. 3. 5 1 ****** ***** **** **** **** 395. 1 . 1970-Q1.... | ****** 0.3 ****** ***** .**** i*** **** -Q2.... j ****** 389. s -11. -2. 7 ****** ,j ****** ***** **** **** **** -Q3--393. -9. -2.3 ****** ***** 27. 14 6 i. '14. -1. -0. 2 -Q4--- | 2. 1 398. | AS PERCENTAGE | OF J i| LOANS OUT| STANDING* 1 I i| **** **** **** **** 8.4 8.3 8.’ 2 8.2 8.3 8.0 7.7 7.3 6.8 6.6 6. 5 6.7 6.8 6. 7 6.6 6.6 6.6 6. 5 6.-4 6.2 6. 0 5.8 5.8 5. 8 190. 251. 291. 326. ****** ****** ****** 180. ***** ***** ***** 123. 2 2. 7 3.5 4.0 4.4 17. 20. 20. 21. 31. 36. 38. 40. 419. 446. 469. 498. 24. 56. 76. 101. 6. 1 14. 4 19. 4 25.3 6. 0 6.2 6.4 6.7 1972-Q1.... . i -Q2----.J -Q3.... . | -Q4----.J 344. 347. 390. 442. 154. 96. 100. 116. 80.7 38.2 34.4 35.7 4.5 4.4 4. 8 5.3 20. 20. 20. 20. 39. 38. 39. 42. 543. 577. 599. 621. 124. 132. 130. 123. 29. 5 29.6 27.7 24. 6 7. 1 7. 4 7.4 7.5 1973-Q1. ... .| -Q2----.4 -Q3.... .| -Q4..... J 492. 545. 552. 530. 148. 198. 161. 88. 43. 1 57.0 41.3 19.8 5.7 6. 1 5.9 5.4 19. 19. 18. 17. 42. 43. 43. 40. 675. 715. 745. 784. 132. 138. 146. 163. 24. 3 23.8 24. 4 26. 2 7.8 8.0 8.0 8.0 1974-Q1.....| -Q2* •• •. | — Q3. «• •.J -Q4....,. | 516. 525. 558. BOO. 23. -20,. 6. 70. 4.7 -3.7 1. 1 13.3 5.0 4. 9 4. 9 5. 1 16. 15. 15. 15. 38. 39. 40. 42. 825. 825. 828. 830. 150. 110. 83. 47. 22.2 15.4 11. 1 6.0 8.0 7.7 7.3 7.0 1975-Ql.... .4 — Q2. •« •.) -Q3----.J -Q4......| 660. 703. 721. 742. 145. 178. 163. 141. 28. 1 33.9 29.3 23.5 5.3 5.3 5. 2 5. 1 16. 16. 17. 18. 45. 46. 46. 45. 821. 832. 858. 920. -4. 7. 30. 90. -0.5 0.9 3.7 10. 8 6.6 6.3 6. 2 6.3 1976-Q1... ..J , -Q2--- .| -Q3.,.. .| -Q4.... •i 766. 804. 835. 890. 106. 101. 114. 148. 16.0 14.3 15.8 19.9 5. 1 5. 1 5. 1 5.2 18. 18. 19. 19. 43. 42. 42. 43. 1015. 1091. 1141. 1185. 195. 258. 283. 265. 23.7 31.0 33.0 28. 8 6.7 6.9 7.0 7.0 969. 1067. 1160. 1201. 202. 264. 325. 311. 26.4 32.8 38.9 35.0 5.5 5.8 6. 1 6. 1 20. 20. 21. 21. 43. 44. 45. 45. 1291. 1376. 1443. 1476.. 275. 286. 30 2. 29 1 . 27.1 26. 2 26. 5 24.6 7.3 7.5 7.6 7. 5 1978-Q1....,.) -Q2......t -Q3......| -Q4....,.| 1214. 1226. 1232. 1256. 245. 159. 72. 55. 25.3 14.9 6.2 4.6 5.9 5.8 5.6 5. 5 22. 22. 21. 21. 45. 45. 45. 45. 1485. 1512. 150 4. 1557. 194. 135. 61. 80. 15.0 9.8 4. 2 5. 4 7.3 7. 1 6.9 6.9 4 1979-Ql....,. -Q2....,.| -Q3.... .| -Q4......| 1328. 1453. 1542. 1713. 1 14. 226. 310. 457. •9.4 18.5 25.2 36. 4 5. 7 6.0 6. 1 6.5 20. 20. 20. 20. 46. 48. 49. 51 . 1579. 1588. 1614. 1621. 94. 77. 110. 64. 6. 3 5. 1 7. 3 4. 1 6. 7 6.5 6.3 6. 1 1980-Ql... . .| , “Q2.•••<.| -Q3.... ,| “Q4.••a . 1 1 1981-Q1.... .j -Q2.....4 -Q 3 ......... .| -Q4...... | 1842. 1919. 1878. 1777. 514. 466. 336. 64. 38.7 32.1 21.8 3.7 6.6 6.6 6. 1 5. 5 20. 19. 19. 18. 53. 55. 55. 54. 163 4 . 1560. 1552. 1536. 55. -28. -62. -85. 3. 5 -1.8 -3.8 -5.3 5.9 5.3 5.0 4.7 1843. 1902. 2062. 2181. 1. -*7 >1. 183. 404. 0.0 -0.9 9.8 22.7 5.4 5.3 5.5 5.6 19. 19. 19. 19. 55. 54. 57. 58. 1529. 1589. 1564. 1568. -105. 29. 12. -6. 4 1.9 0. 8 2. 1 4.5 4.5 4.2 4.0 271. 61. -303. 14.7 3.2 -14.7 5. 2 4.6 4.0 20. 20. 21. 56. 54. 49. 1640. 1683. 181 8. 111. 9 4. 254. 7.3 5.9 16. 3 4.0 3.9 4. 1 1971 — Q1.... | -Q2..... .J -Q3--- .| -Q4....,. | J J 1977—Q1•... .J -Q2. --- .| -Q3. ... .| -Q4....,.J J J 2114. 1982-Q1.... .| 1 1963. -Q2---- . 1 1758. -Q3.... , J ____ * AVERAGE LOANS OUTSTANDING DDRING THE PRECEDING FOUR QUARTERS (AVERAGE OF END-OF-QUARTER DATA). "REFINANCING OF FEDERAL LAND BANK LOANS" IS COMPUTED AS LOANS CLOSED LESS NEH MONEY LOANED. "REPAYMENTS" ARE COMPUTED AS NES MONEY LOANED LESS THE CHANGE IN LOANS OUTSTANDING. 33. . 28 TABLE 231. IQ I I | QUARTER J | | I J 1962-Q1.... | J — Q2. ... . -03--- j “Q4. ... i 1 1963-Q'l. ... 1 -Q2. .. .,J -Q3--- | ~Q4.... ,| LIFE INSURANCE COMPANIES FARM MORTGAGES OUTSTANDING AND ACQUIRED FARM MORTGAGES OUTSTANDING MILLIONS OF DOLLARS PERCENTAGE CHANGE FROM PREVIOUS CHANGE FROi! PREVIOUS END OF QUARTER i YEAR QUARTER QUARTER YEAR 3212. 3286. 3346. 3400. 42. 74. 60. 54. 208. 208. 218. 230. 1.3 2.3 1.8 1.6 6.9 6.8 7.0 7.3 3464. 3592. 3713. 3792. 64. 128. 121. 79. 252. 306. 367. 392. 1.9 3.7 3. 4 2. 1 7.8 9.3 11.0 11. 5 | J | | 1 1965-Q1•••• | -Q2. ... | -Q3.... .j -Q4. ... | 3921. 4086. 4197. 4304. 129. 165. 111. 107. 457. 494. 484. 512. 3.4 4.2 2. 7 2.5 13. 2 13.8 13.0 13.5 4425. 4583. 4(686. 4823. 121. 158. 103. 137. 504. 497. 489. 519. 2.8 3.6 2.2 2.9 12.9 12. 2 11.7 12. 1 1966— Ql. ... | — Q2.... •J -Q3. ... 1 -Q4. ... | J 1967-Q1.... I — Q2..., | - Q3 ••• . | —Q4.... J 4968. 5165. 5227. 5240. 145. 197. 62. 13. 543. 582. 541. 417. 3.0 4.6 1.2 0.2 12.3 12. 7 11.5 8.6 5274. 5377. 54(63. 5569. 34. 103. 86. 106. 306. 212. 236. 329. 0.6 2.0 1.6 1.9 6.2 4. 1 4.5 6.3 1968— Ql.... ,J -Q2.... | —Q3.•• • -Q4. ... | 5634. 5731. 5776. 5803. 360. 354. 313. 234. 1.2 1.7 0.8 0.5 6.8 6.6 5. 7 4. 2 1969-Q1.... | -Q2. ... J -Q3. ... .j — Q4 ... • | 5785. 5849. 5865. 5773. -18. 64. 16. -92. 151. 118. 89. -30. -0.3 1.1 0.3 -1.6 2.7 2. 1 1.5 -0.5 1970-Q1.... 1 —Q2■•• • | | -Q3.... . -Q4.... .1 5675. 5670. 5667. 5649. -98. -5. -3. -18. -110. -179. -198. -124. -1.7 -0. 1 -0. 1 -0.3 -1.9 -3. 1 -3.4 -2. 1 1971-Q1....,.J -Q2----.| -Q3.... , i -Q4....,.| 5545. 5564. 5594. 5601. -104. 19. 30. 7. -130. -106. -73. -48. -1.8 0.3 0.5 0. 1 -2.3 -1.9 -1.3 -0.8 1972-Q1.... .| —Q2. •• •. .| — Q3 ••• •. -Q4*.....| 5535. 5582. 5617. 5678. -66. 47. 35. 61. -10. 18. 23. 77. -1.2 0.8 0.6 1.1 -0.2 0.3 0.4 1-4 1973-Q1.... .J -Q2.•••..| -Q3.... .| — Q4..■ ••J , S643. 5737. 5867. 5996. -35. 94. 130. 129. 108. 155. 250. 318. -0. 6 1. 7 2.3 2.2 2.0 2.8 4.5 5.6 1974-Q1 ••• •.| -Q2... .| .1 — Q3.• •.. — Q4.a••<,J 5999. 6128. 6247. 6327. 3. 129. 119. 80. 356. 391. 380. 331. 0. 1 2.2 1.9 1.3 6.3 6.8 6.5 5.5 1975-Q1. .•• .| “Q2.••• .I . -Q3. •••< 1 -Q4. ... .J 6428. 6573. 6631. 6753. 101. 145. 58. 122. 429. 445. 384. 426. 1.6 2.3 0.9 1.8 7.2 7.3 6. 1 6.7 1976— Ql.... .j -Q2.,....| — Q3.a•« . I -Q4. •••< 6815. 7005. 11 84 . 7425. 62. 190. 179. 241. 387. 432. 553. 672. 0.9 2.8 2.6 3.4 6.0 6.6 8.3 10.0 1977-Q1•... .j -Q2... • . | . -Q3. ... .| -Q4----. | 1 1978-Q1. ... .J —Q2.... .| —Q3.... . | -Q4.. ••.| 7640. 8139. 8475. 8842. 215. 499. 336. 367. 825. 1134. 1291. 1417. 2.9 6. 5 4. 1 4.3 12. 1 16.2 18.0 19. 1 9205. 9712. 10116. 10499. 363. 507. 404. 3.83. 1565. 1573. 1641. 1657. 4. 1 5.5 4.2 3. 8 20.5 19. 3 19.4 18.7 1979-Q1•••• .| -Q2.... .| — Q3. •... | — Q4... ..j 10927. 11480. 11864. 12180. 428. 553. 384. 316. 1722. 1768. 1748. 1681. 4. 1 5. 1 3.3 2.7 18.7 18. 2 17.3 16.0 1980— Ql.... .| — Q2. ... .| — Q3..•• .| -Q4.••• . I 12433. 12743. 12818. 12958. 253. 310. 75. 140. 1506. 1263. 954. 778. 2. 1 2.5 0.6 1. 1 13.8 11.0 8.0 6.4 1981— Ql.•• ..| -Q2. .....| —Q3.... .1 -Q4....,.J 12975. 13044. 13149. 13100. 17. 69. 105. -49. 542. 301. 331. 142. 0. 1 0.5 0. 8 -0. 4 4.4 2.4 2.6 1 1 . 1982-Q1....,.1 -Q2.... .| —Q3....,.J i 12948. 12993. 12932. -152. 45. -6 1 . -27. -51. -217. -1.2 0.3 -0.5 -0.2 -0.4 -1. 7 1964—Q1.... -Q2. ... —Q3.... -Q4.... 65. 97. 45.. 27. FARM MORTGAGES ACQUIRED 1 1 MILLIONS CF DOLLARS | PERCENTAGE CHANGE J FROM PREVIOUS 1 1 J ACQUIRED | CHANGE FROM PREVIOUS| IN | YEAR 1 1 QUARTER 1 _ .. 1 YEAR 1 1 QUARTER 1 QUARTER 1 191. 49. 22.4 35. 34.5 1 156. -35. 8. -18.3 5.4 1 -34. 13. 122. -21. 8 11.9 J 150. 28. 8. 23.0 5.6 J 1 J 1 1 J 1 1 1 1 1 1 1 J 1 1 J 1 1 1 1 1 J 1 1 1 1 1 J 1 J 1 1 1 1 1 1 1 1 1 1 1 1 1 J 1 1 1 J J 1 1 1 * 1 I 1 1 1 1 i 1 1 1 1 1 1 1 1 1 1 1 1 1 J i 234. 227. 206. 199. 84. -7. -21. -7. 43. 71. 84. 49. 56.0 -3. 0 -9. 3 -3. 4 22. 5 45.5 68.9 32.7 324. 273. 205. 245. 125. -51. -68. 40. 90. 46. -1. 46. 62. 8 -15. 7 -24.9 19. 5 38. 5 20.3 -0.5 23.1 382. 294. 203. 270. . 137. -88. -91. 67. . 58. 21.. -2. 25. 55.9 -23.0 -31.0 33.0 17. 9 7.7 -1.0 10.2 6. 28. -57. -132. 43.7 -17.0 -54. 7 -5. 5 ■1.6 9.5 -28. 1 -48.9 388. 322. 146. 138. 118. -66. -176. -8. 219. 205. 174. 239.. 81. -14. -31. 65.. -169. -117. 28. 101. 58. 7 -6.4 -15. 1 37.4 -43.6 -36.3 19.2 73.2 279. 200. 138. 155. 40. -79. -62. 17. 60. -5. -36. -84. 16. 7 -28.3 -31.0 12.3 27.4 -2.4 -20.7 -35.1 196. 178. 96. 70. 41. -18. -82. -26. -83. -22. -42. -85. 26. 5 -9.2 -46. 1 -27. . 1 -29.7 -11.0 -30.4 -54.8 80. 78. 68. 88. 10. -2. -10. 20. -116. -100. -28. 18. 14.3 -2.5 -12.8 29.4 -59.2 -56.2 -29.2 25.7 92. 137. 127. 147. 4. 45. -10. 20. 12. 59. 59. 59. 4. 5 48.9 -7.3 15.7 15.0 75.6 86.8 67.0 159. 179. 155. 207. 12. 20. -24. 52.. 67. 42. 28. 60. . 8. 2 12.6 -13.4 33.5 72.8 30.7 22.0 40.8 223. 247. 247. 289. 16. 24. 0. 42. 64. 68. 92. 82. 7. 7 10. 8 0.0 17.0 40.3 38.0 59.4 39.6 277. 284. 224. 222. -12. 7. -60. -2. . 54. 37. -23. -67. -4.2 2.5 -21. 1 -0.9 24.2 15.0 -9.3 -23.2 363. 270. 170. 272. 141. -93. -100. 102. 86. -14. -54. 50. 63. 5 -25. 6 -37.0 „ 60.0 31.0 -4.9 -24.1 22.5 352. 384. 367. 437. 80. 32. -17. 70. -11. 114. 197. 165. 29. 4 9. 1 —4. 4 19. 1 -3.0 42.2 115.9 60.7 549. 748. 565. 598. 112. 199. -183. 33. 197. 364. 198. 161. 25.6 36. 2 -24.5 5.8 56.0 94.8 54.0 36.8 692. 799. 640. 617. 94. 107. -159. -23. 143. 51. 75. 19. 15. 7 15.5 -19.9 -3.6 26.0 6.8 13.3 3.2 840. 878. 576. 585. 223. 38. -302. 9. 148. 79. -64. -32. 36. 1 4. 5 -34. 4 1 6 . 21.4 9.9 -10.0 -5.2 614. 523. 190. 340. 29. -91. -333. 150. -226. -355. -386. -245. 5.0 -14. 8 -63.7 78.9 -26.9 -•40.4 -67.0 -41.9 387. 287. 2 89. 145. 47. -100. 2. -144. -227. -236. 99. -195.. 13. 8 -25. 8 0.7 -49. 8 -37.0 -45.1 52. 1 -57.4 185. 230. 136. 40. 45. -94. -202. -57. -153. 27.6 24.3 -40. 9 -52.2 -19.9 -52.9 1 l 1 1 1 i 1 1 J 1 1 1 1 1 i 1 i J 1 J 1 1 1 TABLB 2 3 1 , 2Q L IF E INSURANCE COMPANIES FARM MORTGAGES OOTSTAHDIMG AND ACQUIRED SEASONALLY-ADJUSTED DATA FARM MORTGAGES OUTSTANDING 1 1 | 1 -MILLIONS OF DOLLARS | QUARTER ______ 1 CHANGE FROM PREVIOUS) 1 END OF | 1 | QUARTER I QUARTER YEAR | ISAARJ r 1 J ___ 1 1 3224. 1962-Q1.. ., . 1 219. 210. -Q2.... 3274. 205. 203. 3337. 260. - Q3.•• • I 216. -Q4--- | 3402. 267. 231. FARM MORTGAGES ACQUIRED PERCENTAGE CHANGE FROM PREVIOUS QUARTER (SAAR) MILLIONS OF DOLLARS ACQUIRED IN QUARTER (SAAR) YEAR | | i | CHANGE FROM PREVIOUS,1 J i 1 | QUARTER YEAR | 1 1 PERCENTAGE CHANGE FROM PREVIOUS QUARTER YEAR 6.9 6.3 7.9 8.0 7.0 6.7 6.9 7.3 605. 588. 624. 684. -126. -64. 156. 277. 117. 15. 64. 4 5. -19. 7 -10.6 26.6 44. 4 24.1 2.6 11.5 7.0 1963-Q1.... | -Q2.••• I -Q3--- ,J ~Q4.... .j 3477. 3576. 3702. 37*95. 314. 411. 534. 383. 253. 302. 366. 393. 9.2 11.8 14.9 10.3 7.9 9.2 11.0 11.6 736. 844. 1063. 901. 235. 535. 1279. -515. 131. 256. 439. 217. 34. 4 72.7 151. 6 -48.5 21.7 43.5 70.4 31.7 1964-Q1.... I -Q2.... | -Q3. ... .| -Q4.... J 3936. 4065. 4185. 4306. 597. 543. 504. 505. 458. 489. 483. 512. 15.7 13. 8 12.4 12. 1 13.2 13.7 13.0 13.5 1028. 1002. 1078. 1110. 627. -101. 345. 133. 291. 158. 15. 210. 69.6 -9. 8 34. 4 12.3 39.6 18.7 1.5 23.3 1965-Q1.... -Q2---Q3.... -Q4.... | J J | 1 1966— Q 1 . • | -Q2. ... | -Q3.... | — Q4.... i 4440. 4558. 4673. 4823. 561. 489. 480. 628. 505. 493. 488. 517. 13.0 11.0 10. 5 13.4 12.8 12. 1 11.7 12.0 1183. 1076. 1082. 1177. 322. -373. 23. 434. 155, 75. 4. 67. 29.0 -31.6 2. 1 40. 1 15.1 7.5 0.3 6.0 4984. 5137. 5213. 5236. 679. 640. 30 a. 95. 544. 580. 539. 413. 14, 1 12. 8 6.0 1.8 12.3 12.7 11.5 8.6 1224. 1164. 779. 634. 198. -221. -931. -437. 40. 88. -303. -543. 16.8 -18. 0 -80.0 -56. 1 3.4 8.2 -28.0 -46.2 1967-Q1.... .1 -Q2--- | - Q3. •.• | -Q4. ... | 5292. 5352. 5446. 5560. 228. 242. 388. 469. 308. 215. 234. 324. 4.4 4.6 7.2 8.6 6.2 4. 2 4.5 6.2 713. 749. 919. 1014. 383. 154. 951. 442. -510. -415. 141. 380. 60.5 21.6 126.9 48. 1 -41.7 -35.7 18. 1 60.0 1968— Ql.... .J -Q2.....| -Q3--- .J — Q4. •• r.| 5656. 5711. 5756. 5787. 395. 222. 182. 126. 364. 359. 310. 227. 7. 1 3.9 3.2 2.2 6.9 6.7 5.7 4. 1 938. 722. 708. 638. -271. -610. -53. -242. '225. -27. -211. -376. -26.7 -65.0 -7. 3 -34. 1 31.6 -3.6 -23.0 -37. 1 1969— Q1.••. .J -Q2--- J -Q3.... .J -Q4.... | 5811. 583.6. 5842. 5751. 97. 99. 25. -355. 155. 125. 86. -36. 1.7 1.7 0. 4 -6. 1 2.7 2.2 1.5 -0.6 675. 648. 469. 306. 159. -100. -471. -383. -264. -74. -240. -332. 25.0 -14.9 -72. 7 -81.7 -28. 1 -10.2 -33.8 -52.0 1970— Q l ... .( '. -Q2--- . | -Q3. .. .. | — Q4..• •. | 5704. 5663. 5643. 5623. -186. -161. -80. -83. -107. -172. -199. -128. -3.2 -2.8 -1.4 -1.5 -1.8 -3.0 -3.4 -2.2 294. 282. 337. 3 68. -45. -46. 2 90. 144. -380. -366. -132. 62. -14. 8 -15.7 102. 8 42. 7 -56.4 -56.5 -28.2 20.1 197 1—Ql. ... ,| -Q2. ... . | -Q3....,. | -Q4--- .1 5576. 5561. 5571. 5572. -184. -58. 37. 7. -128. -102. -73. -50. -3.3 -1.0 0.7 0. 1 -2.2 -1.8 -1.3 -0. 9 335. 499. 589. 612. -115. 1313. 471. 97. 41. 217. 253. 244. -31.2 391.9 94. 4 16. 5 13.8 76.9 75.0 66.4 1972— Q1.... .j — Q2.•. «. J -Q3. ...,. I -Q4. ... . | 5567. 5580. 55*94. 5648. -20. 52. 57. 217. -9. 19. 24. 76. -0. 4 0.9 1.0 3.9 -0.2 0.3 0.4 1.4 573. 653. 713. 832. -143. 395. 274. 611. 238. 154. 124. 220. -23. 4 68.9 42.0 85. 8 70* 9 30.8 21.0 35.9 1973-Q1.... .J — Q2. ... . | -Q3.... .| — Q4. .. •. | . 5675. 5733. 5845. 5966. 110. 235. 461. 498. 108. 153. 251. 318. 2.0 4. 1 8.0 8.5 1.9 2.7 4. 5 5.6 836. 905. 1147. 1232. 16. 312. 1428. 382. 263. 252. 434. 400. 1 9 . 37.3 157. 8 33.3 46.0 38.6 60.9 48. 1 1974—Ql. ... .J -Q2.... . | — Q3.•• ■. | -Q4.... .| J 1975-Q1.... .| — Q2--- .| -Q3--- . | -Q4----.1 6032. 6119. 6225. 6299. 270. 355. 433. 302. 357. 386. 380. 333. 4.5 5. 9 7. 1 4.9 6.3 6.7 .. 5 6 5. 6 1026. 1035. 1036. 957. -640. 37. 5. -283. 190. 130. -110. -275. -51.9 3. 6 0.5 -27.3 22.7 14. 4 -9.6 -22.3 6462. 6557. 6608. 6729. 680. 387. 206. 498. 430. 438. 383. 430. 10. 8 6.0 3. 1 7.5 7. 1 7. 2 6. 2 6.8 1395. 967. 803. 1091. 3365. -1074. -507. 1935. 369. -6 9. -234. 134. 351. 6 -77. 0 -52. 5 241. 1 36.0 -6.6 -22.6 14.0 I976-Q1.....J . -Q2----.| -Q3----.j -Q4.••..,J 1 1977-Q1....,.| -Q2---- .4 -Q3---- .J -Q4.....| 6850. 6981. 7159. 7406. 4 98.' 536. 742. 1039. 388. 424. 551. 677. 7. 4 7.8 10.6 14. 5 6.0 6.5 8.3 10. 1 1317. 1364. 1744. 1791. 1226. 198. 2283. 198. -7 8. 397. 941. 701. 112. 4 15.0 167. 4 11. 3 -5.6 41.1 117.3 64.2 7678. 8104. 8-447. 8826. 1148. 1854. 1462. 1621. 827. 1124. 1288. 1420. 15.5 24. 2 18.0 19. 2 12. 1 16. 1 18.0 19. 2 2020. 2596. 2739. 2472. 1104. 3495. 620. -922. 703. 1233. 995. 681. 61. 6 173. 1 23. 9 -33. 7 53.4 90.4 57. 1 38.0 1978-Q1... . . .] -Q2---- .j -Q3----. | J -Q4.... , 9248. 9666. 10085. 10487. 1810. 1791. 17a6. 1706. 1570. 1562. 1637. 1660. 20.5 19. 4 18.5 16.9 20. 4 19.3 19.4 18.8 2548. 2742. 3168. 2695. 318. 869. 2144. -1510. 528. 146. 429. 223. 12.9 34. 1 78.2 -47. 7 26. 2 5.6 15.7 9.0 1979-Q1. .•.. | -Q2..... | -Q3.... . -Q4.•••■.| I 1980-Q1. .. .. .j -Q2.... ,i — Q3.... . | -Q4---- , | 1 1981-Q1....,.| -Q2. .....J -Q3.•••..| — Q4••• • i | . 1 1982-Q1.•.■..j ~Q2. .. .,] . -Q3----.| 10975. 11428. 11838. 12168. 2095. 1927. 1728. 1376. 1728. 1762. 1753. 1681. 20.0 17.6 15. 1 11.6 18.7 18.2 17.4 16.0 3024. 2954. 2916. 2628. 1582. -271. -151. -993. 476. 212. -252. -67. 58. 7 -9.0 -5. 1 -34.0 18.7 7.7 -8.0 -2.5 12485. 12683. 12783. 12956. 1322. 809. 407. 704. 1510. 1255. 946. 788. 10.9 6.5 3.2 5. 5 13.8 11.0 8.0 6.5 2262. 1787. 976. 1438. -1185. -1380. -1628. 3628. -763. -1167. -1940. -1189. -45. 1 -61. 0 -91. 1 371.7 -25.2 -39.5 -66.5 -45.3 13030. 12987. 13119. 13099. 299. -172. 537. -82. 545. 304. 336. 143. 2.3 -1.3 4. 1 -0.6 4.4 2. 4 2.6 1 1 . 1454. 980. 1521. 625. 63. -1154. 4708. -1478. -808. -807. 54 5. -813. 4. 4 -79.3 480. 2 -97. 2 -35.7 -45.2 55.9 -56.5 13003. 12942. 12911. -379. -241. -125, -27. -45. -208. -2.9 -1.9 -1.0 -0. 2 -0.3 -1. 6 657. 775. 728. 138. 614. -172. -797. -205. -794. 22. 1 93. 4 -22. 1 -54. 8 -20.9 -52.2 , J J 30 TABLE 2 3 1 .3Q .LIFE INSURANCE COMPANIES FARM MORTGAGES ACQUIRED POOR-QUARTER MOVING TOTAL YEAR ENDING— | MILLIONS J i OF | DOLLARS | j CHANGE FROM PREVIOUS YEAR MILLIONS OF DOLLARS PERCENT | J AS PERCENTAGE OUTSTANDING | MORTGAGES* OS COMMITMENTS* 1962-Q1.... — Q2. ... a -Q3.... -Q4..... 590. 598. 611. 619. 120. 92. 82. 64. 25.5 18.2 15.5 11.5 19. 19. 19. 19. 647. 628. 617. 610. 1963-Q1...... -Q2.... “Q3.. ••a -Q4.... 662. 733. 817. 866. 72. 135. 206. 247. 12.2 22.6 33.7 39.9 20. 22. 24. 24. 623. 639. 662. 655. 1964-Ql.... -Q2. •• -Q3.... -Q4.... 956. 1002. 1001. 1047. 294. 269. 184. 181. 44.4 36.7 22.5 20.9 26. 27. 26. 26. 636. 616. 576. 549. 1965-Q1.... -Q2.... -Q3..... -Q<».... 1105. 1126. 1124. 1149. 149. 124. 123. 102. 15.6 12.4 12.3 9.7 27. 26. 26. 26. 548. 537. 520. 515. 1966-Q1.... -Q2.•••• -Q3.... -Q4.... 1155. 1183. 1126. 994. 50. 57. 2. -155. 4.5 5. 1 0.2 -13.5 25. 25. 23. 20. 497. 476. 454. 4 25. 1967— Q 1.... -Q2.... -Q3. .... -Q<*.... 825. 708. 736. 837. -330. -475. -390. -157. -28.6 -40.2 -34.6 -15.8 16. 14. 14. 16. 391. 389. 417. 453. 1968-Q1.... -Q2.... -Q3.... -Q4.... 897. 892. 856. 772. 72. 184. 120. -65. 8.7 26.0 16.3 -7.8 17. 16. 15. .4 1. 456. 427. 396. 376. 1969-Q1.... -Q2.... “Q3.... “Q4.... 689. 667. 625. 540. -208. -225. -231. -232. -23.2 -25.2 -27.0 -30.1 12. 12. 11. 355. 353. 353. 300. 1970-Q1.... -Q2.... -Q3.... -Q4.... 424. 324. 296. 314. -265. -343. -329. -226. -38.5 -51.4 -52.6 -41.9 1971-Q1.... -Q2.... -Q3.... -Q4,.... 326. 385. 444. 503. -98. 61. 148. 189. -23. 1 18.8 50.0 60.2 6. 7. 8. 9. 213. 258. 290. 303. 1972-Q1.... -Q2.... -Q3..... -Q<*.... 570. 612. 640. 700. 244. 227. 196. 197. 74.8 59.0 44. 1 39.2 10. 11. 11. 13. 299. 273. 247. 239. 1973-Q1.... -Q2.... -Q3.... -Q4.... 764. 832. 924. 1006. 194. 220. 284. 306. 34.0 35.9 44.4 43.7 14. 15. 16. 18. 242. 243. 242. 240. 1974-Q1.... — Q2..... -Q3.... -Q4.... 1060. 1097. 1074. 1007. 296. 265. 150. 1 . 38.7 31.9 16.2 0. 1 18. 19. 18. 17. 235. 228. 205. 179. 1975-Q1 ..•« } .. . -Q2.... -Q3. .. .. -Q4.... 1093. 1079. 1025. 1075. 3 3. -18. -49. 68. 3. 1 -1.6 -4.6 6.8 18. 17. 16. 17. 185. 187. 198. 230. 1976-Q1.... -Q2.... -0 3 .... — Q 4 . .• 1064. 1178. 1375. 1540. 350. 465. -2.7 9.2 34. 1 43.3 16. 18. 20. 22. 242. 265. 295. 316. 1977-Q1.... -Q2.... -Q3... .. -Q<».... 1737. 2101. 2299. 2460. 673. 923. 924. 920. 63.3 78.4 67.2 59.7 24. 29. 30. 31. 340. 388. 392. 383. 1978-Q1.... — Q2.a a• • “ 03.... —Q4.... 2603. 2654. 2729. 2748. 866. -553. 430. 288. 49.9 26.3 18.7 11.7 31. 31. 30. 29. 374. 353. 340. 330. 1979-Q1.... -Q2.... -Q3. •• .. -Q4.... 2896. 2975. 2911. 2879. 293. 321. 182. 131. 11.3 12.1 6.7 4.8 29. 29. 27. 26. 334. 341. 327. 315. 1980-Q1.... -02.... -03.... —Q4.... 2653. 2298. 1912. 1667. -243. -677. -1212. -8.4 -22.8 -34.3 -42. 1 23. 19. 16. 13. 284. 259. 253. 255. I981-Q1.... -Q2.... -Q3.... -Q4.... 1440. 1204. 1303. 1108. -1213. -1094. -609. -559. -45.7 -47.6 -31.9 -33.5 11. 9. 10. 261. 238. 251. 241. 1982-Q1.... -02.... -Q3.... 906. 849. 696. -534. -355. -607. -37. 1 -29.5 -46.6 7. 7. -29. 99. -9 9 9 . 9. 7. 6. 5. 6. 9. 5. 235. 185. 168. 188. 237. 262. 266. * AVERAGE AMOONT OUTSTANDING DURING THE PRECEDING FOUR QUARTERS {AVERAGE OF END-OF-QUARIEfi DATA). 31 7ABLE 232. tl f LIFE INSURANCE COMPANIES FAR* MORTGAGE COMMITMENTS— OTITS!AUDIM6 AND HER QUARTER I I i i l 1 OUTSTANDING HARM MORTGAGE COMMITMENTS MILLIONS OF DOLLARS S 1 END OP | CHANGE PROM PREVIOUS! I QUARTER ! TEAR 1 NEN FARM MORTGAGE COMMITMENTS PERCENTAGE CHANGE FROH PREVIOUS QUARTER TEAR MILLIONS OP DOLLARS J PERCENTAGE CHANGE i PROH PREVIOUS MADE IN | CHANGE FROM PREVIOUS J | QUARTER j | QUARTBR YEAR L YEAR 1 _ 1 QUARTER i 1962-0 1 *• . -02*.. -Q3... -Q4... 96. 91. 106. 132. -17. -5. 15. 26. 1*. 15. 10. 19. -15.0 -5.2 16.5 24.5 20.0 19.7 10.4 16.8 119. 101. 106. 133. 3. -18. 5. 27. 14. 4. 7. 17. 2.6 -15. 1 5.0 25.5 13.3 4.1 7.1 14.7 1963-Q1... -02.,- -*1 -Q3... -04... 130. 126. 141. 204. -2. -4. 15. 63. 34. 35. 35. 72. -1.5 -3.1 11.9 44.7 35.4 38.5 33.0 54.5 162. 153. 135. 208. 29. -9. -18. 73. 43. 52. 29. 75. 21.8 -5.6 -11.8 54.1 3*. 1 51.5 27.4 56.4 1964-Q1... -02... -Q3. • *'Q4. • 180. <70. 209. 247. -24. -10. 39. 38. 50. 44. 68. 43. -11.8 -5.6 22.9 18.2 -38.5 34.9 48.2 21. 1 200. 183. 496. 212. -8. -17. 13. 16. 38. 30. 61. 4. -3.8 -8.5 7.1 8.2 23.5 19.6 45.2 1.9 1965-Ql... -02... -Q3. .. * • <! -04.-. i 1966-Q1... -02... -03.... -04... 213. 195. 237. 284. -34. -18. 42. 47. 33. 25. 28. 37. -13.8 -8.5 21.5 19.8 18.3 14.7 13.4 15.0 227. 180. 185. 252. 15. -47. 5. 67. 27. -3. -11. 40. 7. 1 -20.7 2.8 36.2 13.5 -1.6 -5.6 18.9 278. 194. 180. 192. -*• -84. -14. 12. 65. -1. -57. -92. -2.1 -30.2 -7.2 6.7 30.5 -0.5 -24.1 -32.4 264. 149. 96. 107. 12. -115. -53. 11. 37. -31. -89. -145. 4.8 -43.6 -35.6 11.5 16.3 -17.2 -48.1 -57.5 162. 172. 213. 240. -30. 10. 41. 27. -11*. -22. 33. 48. -15.6 6.2 23.8 12.7 -41.7 -14.3 18.3 25.0 131, 148. 163. 219. 24. 17. 15. 56. 22.4 13.0 10. 1 34.4 -50.4 -0.7 69.8 104.7 1968— Q1••• -02,.. "03... .*1 210, 202, 170. 194, -30. •8. -32. 24. 48. 30. -43. -4*. -12.5 -3.8 -15.8 14.1 29.6 17.4 -20.2 -19. 2 170. 129. 95. 151. -49. -41. -34. 56. 39. s-19. -68. -68. -22.4 -24. 1 -26.4 58.9 29.8 -12.8 -41.7 -31.1 1969-01». -02.,. •• 1 -03... -Q4.•• 190. 154. 182. 196. -4. -36. 28. *4. -20. -48. 12. 2. -2. 1 -18.9 18.2 7.7 -9.5 -23.8 7, 1 1.0 164. 122. 109. 85. 13. -42. -13. -24. -6. -7. 14. -6*. 8.6 -25.6 -10.7 -22.0 -3.5 -5.4 14.7 -43.7 1970-Q!..* -02... . 1 -Q3.-. -Q4... I 1 1971-Q1... -Q2. •• -Q3... -Q4... i 1972-QU.. • • i -02... -03.., -Q4... ! 1973-QI... — Q2.•• -03... -04... 1 1974-Q1... -02... * * J -03... -04... 1 1975-Q1... -02... -Q3... — 1 ~Q4» •• • •J 1 1976—Q1•• • -Q2... •*i -03... -04... J 1977-Q1... -02... -Q3... -04... 168. 157. 148. 139. -28. -11. -9. -9. -22. 3. -34. -57, -14.3 -6.5 -5.7 -6. 1 -11.6 1.9 -18.7 -29.1 52. 75. 50. 94. -33. 23. -25. 44. -112. -47. -59. 9. -38.8 44.2 -33.3 88.0 -68.3 -38.5 -54.1 10.6 154. 171. 199. 239. 15. 17. 28. 40. -14. 14. 51. 100. 10.8 11.0 16.4 20. 1 -8.3 8.9 34.5 71.9 110. 141. 134. 178. 16. 31. -7. 44. 58. 66. 84. 84. 17.0 28.2 -5.0 32. 8 111.5 88.0 168.0 89.4 287. 313. 335. 329. 48. 26. 22. -6. 133. 142. 13*. 90. 20. 1 9.1 7,0 1.8 86.4 83.0 *8.3 37.7 195. 207. 16*. 208.. 17. 12. -41. 42. 85. 66. 32. 30. 9.6 6.2 -19.8 25.3 77.3 46.8 23.9 16.9 394. 467. 484. 45*. 65. 73. 17. -28. 107. 154. 149. 127. 19.8 18.5 3.6 -5.8 37.3 49.2 44.5 38.6 258. 326. 267. 238. 50. 68. -59. -29. 63. 119. 101. 30. 24.0 26.4 -18. 1 -10.9 32.3 57.5 *0.8 14.4 520. <640. 636. 570. 64. 120. -4. -66. 126. 173. 152. 114.. 14.0 23. 1 -0.6 -10.4 32.0 37.0 31.4 25.0 304. 419. 215. 130. 66. 115. -204. -85. 46. 93. -52. -108.. 27.7 37.8 -48.7 -39.5 17.8 28.5 -19.5 -45.4 466. 399. 438. 459. -104. —( 67. 39. 21. -54. -241. -198. -111. -18.2 -14.4 9.8 4.8 -10.4 -37.7 -31. 1 -19.5 250. 164. 236. 289. 120. -86. 72. 53. -54. -255. 21. 159. 92.3 -34.4 43.9 22. 5 -17.8 -60.9 9.8 122.3 479. 490. 520. 553. 20. 11. 30, 33. 13. 91. 82. 94. 4. 4 2.3 6.1 6.3 2.8 22.8 18.7 20.5 329. 364. 320. 453. 40. 35. -44. 133. 79. 200. 84. 164. 13.8 10.6 -12. 1 41. 6 31.6 122.0 35.6 56.7 603. 671. 745. 768. 50. 68. 74. 23. 124. 181. 225. 215. 9.0 11.3 11.0 3.1 25.9 36.9 43.3 38.9 592. 674. 558. 612. 139. 82. -116. 54. 263. 310. 238. 159. 30.7 13.9 -17.2 9.7 79.9 85.2 74.4 35.1 827. 869. 862. 912. 59. 42. -7. 50. 224.. 198. 117, 144. 7.7 5. 1 -0.8 5.8 37. 1 29.5 15.7 18.8 738. 717. 552. 597. 126. -21. -165. 45. 146. 43. -6. -15. 20.6 -2.8 -23.0 8. 2 24.7 6.4 -1.1 -2.5 850. 942. 948. 996. -62. 92. 6. 48, 23. 73. 86. 84. -6.8 10.8 0.6 5.1 2.8 8.4 10.0 9.2 803. 784. 559. 57». 206. -19. -225. 12. 65. *7. 7. -26. 34.5 -2.4 -28.7 2. 1 8.8 9.3 1.3 -4.4 665. 415. 536. 587. -331. -250. 121. 51. -185. -527. -412. -409. -33.2 -37.6 29.2 9.5 -21.8 -55.9 -43.5 -41. 1 374. 124. 323. 412. -197. -250. 199. 89. -429. -660. -236. -159. -34.5 -66. 8 160.5 27.6 -53.4 -84.2 -42.2 -27.8 483. 469. 300. 279. -104. -14. -169. -21. -182. 54. -236. -308. -17.7 "2. 9 -36.0 -7.0 -27.4 13.0 -44.0 -57. 5 265. 300. 103. 131. -147. 35. -197. 28. -109. 17*. -220. -281. -35.7 13.2 -65.7 27.2 -29.1 141.9 -68.1 -68.2 247. 219. 211. -32. -28. -8. -236. -250. -89. -11.5 -11.3 -3.7 -48.9 -53.3 -;?.7 140. 141. 82. 9. 1 . -59. -125. -159. -21. 6.9 0.7 -41.8 -47.2 -53.0 -20.4 1967-Q1... -Q2... -03... "04... J J 1978-Ql... -Q2... -Q3... ••1 -Q4.•• J 1979-Q1... -Q2... ,.i -Q3... -Q4... 1 1980-Q1.,. ••1 -02... -Q3... -04... i 1981-Q1... -02... -Q3. .. ••1 -Q4.•• 1 1982-01*•• — Q2. ,, , -Q3... _ -133. -1. *7. 112.. 32 TABLE 2 3 2 . 2Q LIFB INSURANCE COMPANIES FARM MORTGAGE COMMITMENTS— OUTSTANDING AND NEB SEASONALLY— ADJUSTED DATA OOTSTANDING FARM MORTGAGE COMMITMENTS MILLIONS OF DOLLARS QUARTER END OF QUAFTER J 1 CHANGE FROM PREVJOUSJ 1 QUARTER YEAR | ($AAB> _ 1 ___ NEN FARM MORTGAGE COMMITMENTS PERCENTAGE CHANGE FROM PREVIOUS QUARTER (SALS) YEAR MILLIONS OF DOLLARS 1 t MADE IN | CHANGE FROM PREVIC)US | QUARTER | 1 (SAAR) | QUARTER YEAR 1 1 | 1962-Q1.... -Q2.... -Q3..,f, -Q4.... 98. 104. 108. 114. 3. 25. 19. 24. 16. 17. 11. 17. 3.3 26.0 18.5 21.9 19.3 19.9 11.2 17. 1 427. 432. 501. 492. 1963-Ql.... -Q2.... -03.... -Q4.,... 132. 144. 145. 177. 93. 55. 4. 177. 34. 40. 37. 63. 81. 5 41.3 2.9 122.0 34.8 38.8 33.9 55.6 577. 645. 640. 762. . 1964-Q1.... -02.... -Q3.... -Q«.... 183. 195. 217. 216. 24. 53. 102. -0. 51. 51. 71. 39. 13.5 29. 1 52.3 -0.1 38.4 35.3 49. 2 22.2 1965-Q1.... -02.... -03.... -Q1.... * 217. 223. 246. 252. 3. 24. 108. 27. 34. 28. 30. 36. 1.3 11.0 48. 6 10.8 1966-Q1.... — Q2.... -Q3..... -Q4. .. ., 285. 220. 186. 174. 156. -183. -108. -45. 68. -3. -60. -79. 1967-Ql...., -02.... -03.... -Q4.... 166. 192. 219. 222. -29. 131. 132. 14. 1968-Q1..... -Q2. •• •• -Q3..... -Q4.... 214. 221. 173. 184. 1969-Q1.... -02.... -Q3.... -Q4. •• •• PERCENTAGE CHANGE FROM PREVIOUS QUARTER YEAR -1. 5. 69. -9. 50. 17. 47. 63. -0.3 1.2 15. 9 -1. 8 13.4 4.0 10.3 14.8 85. 67. -4. 121. 150. 212. 139. 270. 17.3 11.7 -0. 7 19.0 35.1 49. 1 27.7 54.8 707. 786. 949. 763. -55. 79. 163. -186. 130. 142. 309. 1 . -7. 2 11.2 20.7 -19.6 22.5 22.0 48.2 0.2 18.8 14.3 13.6 16.6 801. 776. 908. 909. 38. -26. 133. 0. 94. -10. -41. 146. 5.0 -3. 2 17. 1 0.0 13.3 -1.3 -4.3 19.1 61.9 -64.2 -48.9 -24. 1 31.1 -1.2 -24.3 -31.2 937. 638. 466. 383. 28. -299. -173. -82. 136. -137. -443. -525. 3. 1 -31.9 -27. 1 -17.6 16.9 -17.7 -48.8 -57.8 -119. -28. 33. 49. -16.7 78.8 68.6 6.6 -41.7 -12.8 17.5 27.9 469. 640. 779. 779. 85. 171. 139. -0. -468. 2. 313. 395. 22.2 36.6 21. 7 -0.0 -50.0 0.3 67.3 103.0 -30. 28. -138. 48. 48. 29. -45. -38. -13.3 13.0 -62.2 27.5 29.2 15.2 -20.7 -17. 1 624. 536. 458. 538. -155. -88. -78. 80. 155. -104. -321. -241. -19.9 -14. 1 -14.6 17.4 33.1 -16.3 -41.2 -31.0 193. 164. 184. 191. 37. -91. 93. 32. -22. -57. 11. 7. 20.4 -47. 2 56.4 17.2 -10.0 -25.6 6.1 3.9 620. 488. 504. 315. . 83. -132. 16. -190. -3. -48. 47. -223. 15. 4 -21.3 3.3 -37.6 -0.5 -8.9 10.2 -41.4 1970-Q1.... -Q2.... - Q3..• •• -Q4.... 170. 164. 148. 139. -73. -21. -56. -32. -23. -0. -36. -52. -38.2 -12.4 -33.9 -21.3 -14.1 -d.2 -19.5 -21.2 196. 304. 239. 346. -119. 108. -65. 107. -424. -184. -265. 31. -37.7 54. 9 -21.3 ■4 1 4. -68.4 -37.7 -52.6 10.0 1971-Q1.... -02.... -03.... ~Q4.... 155. 175. 197. 245. 75. 94. 108. 276. -14. 10. 49. 106. 53.5 60.4 61.8 140. . 1 -*.5 6. 4 33.0 73.9 407. 528. 628. 705. 61. 120. 101. 77. 211. 224. 389. 359. 17.7 29.5 19. 1 12.2 107.6 73.6 162.7 103.7 1972-Ql.... -02.... -03.... -04...... 289. 315. 329. 342. 230. 120. 59. 54. 134. 141. 132. 97. 93.7 41.3 18.7 16.5 86.4 80.6 64.1 722. 768. 754. 853. 17. 46. -13. 98. 315. 240. 126. 148. 2. 4 6.3 -1.7 13.0 77.3 45.5 20. 1 20.9 1973-Q1.... -Q2.... -03.... -04.... 398. 466. 474. 477. 288. 345. 33. 12. 109. 150. 145. 135. 84.2 86.6 7. 1 2.4 3i - 7 47.6 43.9 3*. 3 975. 1249. 1180. 1021. 123. 274. -69. -159. 253. 482. 426. 169. 14. 4 28. 1 -5.5 -13.5 35. 1 62.7 56.5 19.8 1974-Q1••••• -Q2.... -03.... -Q4.... 528. 639. 623. 592. 239. 605. -62. -112. 129. 173. 149. 116. 50. 2 114.7 -9.6 -18.0 32.4 34.1 31.4 2k.3 1095. 1555. 944. 564. 74. 460. -612. -380. 120. 306. -237. -457.. 7.2 42.0 -39.3 -40.2 12.3 24.5 -20.1 -44.8 1975— Q1.... -02.... -03.... -04.... 473. 399. 430. 471. -351. -234. 139. 186. -54. -239. -193. -122. -59.3 -49.4 34.9 43.3 903. 621. 1039. 1258. 339. -282. 4 18. 219. -192. -935. 95. 694. 60. 1 -31.3 67. 4 " 21.1 -17.5 -60.1 10. 1 123.1 1976-Q1.... — Q2...•• -03.... -04.... 486. 496. 516. 555. 65. 41. 83. 176. 13. 97. 85. 84. 13.9 8.3 16. 7 34.0 -10.3 -37.5 -30.9 -20.6 ( 2.7 24.3 19.9 17.9 1202. 1379. 142Q. 1912. -56. 177. 42. 492. 299. 758. 381. 654. -4. 5 14.7 3. 0 34.6 33. 1 122.2 36.7 52.0 1977— Q 1 .... -02.... -03.... -04.... 610. 686. 745. 751. 259. 365. 268. 25. 124. 190. 230. 197. 46.6 59.7 39.0 3.3 25. 6 38.4 44.5 35.4 2158. 2599. 2473. 2506. 246. 440. -126. 33. 956. 1220. 1053. 594. 12. 9 20.4 -4. 8 1.3 79.6 88.5 74.1 31.0 1978-Q1.... -02.... -03.... -04.... 837. 895. 870. 869. 405. 258. -94. -4. 226. 209. 125. 118. 53.8 30. 8 -10.5 -0. 4 37. 1 30.4 16.8 15.7 2718. 2870. 2488. 23 73. 212. 152. -382. -115. 560. 272. 15. -133. 8.5 5.6 -13.3 -4.6 26.0 10.5 0. 6 -5.3 1979-Q1.... -02...... -03.... -04.... 858. 971. 962. 928. -45. 548. -33. -129. 21. 76. 92. 59. -5.2 63.9 -3.4 -13. 4 2.5 8.5 10.6 6.8 3032. 3007. 2519. 2198. 658. -25. -488. -321. 313. 136. 31. -176. 27. 7 -0. 8 -16.2 -12.7 11.5 4.7 1.2 -7.4 1980-Q1.... -02.... -03.... -04.... 670. 427. 546. 539. -675. -560. 714. -31. -187. -543. -416. -390. -72.8 -83.5 167.2 -5.6 -2V.8 -56.0 -43.2 -42.0 1400. 508. 1-448. 1574. -797. -892. 940. 126. -1632. -2498. -1070. -623. -36.3 -63. 7 184. 8 8.7 -53.8 -83. 1 -42.5 -28.4 1981-01.... -Q2. .. a• -03.,... -Q4.... 486. 483'. 306. 254. -182. -12. -404. -162. -185. 55. -240. -285. -33.8 -2.6 -83.8 -52.7 -27.5 12.9 -43.9 -52.8 1017. 1146. 465. 518. -557. 129. -681. 54. -383. 63 8. -984. -1056. -35. 4 12. 7 -59. 5 11.5 -27.3 125.4 -67.9 -67. 1 1982-Q1.... -Q2...... -Q3.... 249. 225. 215. -21. -81. -37. -237. -258. -91. -8.2 -32. 7 -16.4 -48.8 -53.3 -29. 7 54 3 . 566. 373. 25. 23. -193. -474. -580. -91. 4. 8 4. 2 -34. 1 -46.6 -50.6 -19.7 ♦ f 33 TABLE 232.-3Q LIFE INSURANCE COMPANIES NEW FARM MORTGAGE COMMITMENTS FOUR-QUARTER MOVING TOTAL CHANGE FROM | AS PERCENTAGE OF | PREVIOUS TEAR OUTSTANDING ... . . , . 1 . 1 MILLIONS | 1, _ . . . , ....... I MORTGAGES OF PERCENT J MORTGAGES* COMMITMENTS* | ACQUIRED DOLLARS 1 _____ J1 YEAR ENDING— ! MILLIONS | 1 OF J J DOLLARS J 1 J i 1 1962-Q1.... -Q2.... -Q3.... -Q4.... | | t J 431. 435. 442. 459. 86. 66. 43. 42. 24.9 17.9 10.8 10. 1 14. 14. 14. 14. 472. 457. 446. 452. 73. 73. 72. 74. 114. 113. 114. 115. I963-Q1. ...* -Q2.... -Q3.... -Q4.... | | | | 502. 554. 583. 658. 71. 119. 141. 199. 16.5 27.4 31.9 43.4 15. 16. 17. 19. 472. 483. 472. 498. 76. 76. 71. 76. 121. 120. 119. 126. 1964-Q1.... -Q2.... -Q3.... -Q4.... | i J | 696. 726. 787. 791. 194. 172. 204. 133. 38.6 3 1.0 35.0 20.2 19. 19. 20. 20. 463. 446. 453. 415. 73. 72. 79. 76. 118. 116. 120. 115. 1965-Q1.... -Q2.... -Q3.... -Q4.... | | | j 818. 815. 804. 844. 122. 89. 17. 53. 17.5 12.3 2.2 6. 7 20. 19. 18. 19. 406. 389. 372. 378. 74. 72. 72. 73. 114. 113. 113. 114. 196 6 Q1.... | t— -Q2.... J -Q3.... | -Q4..... J 881. 850. 761. 616. 63. 35. -43. -228. 7.7 4.3 -5.3 -27.0 19. 18. 15. 12. 379. 342. 307. 263. 76. 72. 68. 62. 118. 109. 102. 96. !967—Q ! .... ] -Q2.... | - Q 3 ---- i -Q4.... J 483. 482. 549. 661. -398. -368. -212. 45. -45.2 -43.3 -27.9 7.3 9. 9. 10. 12. 229. 265. 311. 358. 59. 68. 75. 79. 89. 105. 116. 116. 1968-Q1.... | -Q2.... | — Q3.•••• | | 700. 681. 613. 545. 217. 199. 64. -116. 44.9 41.3 11.7 -17.5 13. 12. 11. 10. 356. 326. 283. 265. 78. 76. 72. 71. 116. 114. 103. 103. 1969-Q1.... | “Q 2m mmmm | “ -Q3.... | -Q4.... I 539. 532. 546. 480. -161. -149. -67. -65. -23.0 -21.9 -10.9 -11.9 9. 9. 9. 8. 278. 281* 308. 267. 78. 80. 87. 89. 109. 105. 117. 115. 1970— Q1.... J “ Q2.... | -Q3.... i -Q4.... 368. 321. 262. 271. -171. -211. -284. -209. -31.7 -39.7 -52.0 -43.5 6. 6. 5. 5. 204. 183. 149. 162. 87. 99. 89. 86. 107. 118. 105. 106. 1971 — Q1.... | -Q2.,... | ( -Q3.... , -Q4.... | 329. 395. 479. 563. -39. 74. 217. 292. -10.6 23. 1 62.8 107.7 6. 7. 9. 10. 215. 264. 313. 340. 101. 103. 108. 112. 126. 130* 136. 140. 1972-Q1.... ,| -Q2.... ,I J -Q3.... , J -Q4.... , 648. 714. 746. 776. 319. 319. 267. 213. 97.0 80.8 55.7 37. 8 12. 13. 13. 14. 340. 319. 287. 264. 114. 117. 1 17. 111. 145. 144. 142. 130. 1973-Q1.... ,| -Q2. .* . . | , -Q3.... ,| -Q4.... , ( 839. 958. 1059. 1089. 191. 244. 313. 313. 29.5 34.2 42.0 40.3 15. 17. 19. 19. 266. 280. 278. 260. 110. 115. 115. 108. 130. 135. 131. 127. 1974—Q 1.... | -Q2.... ,| -Q3.... ,J -Q4.... ,| 1135. 1228. 1176. 1068. 296. 270. 117. -21. 35.3 28.2 11.0 -1.9 20. 21. 20. 18. 252. 255. 224. 190. 107. 112. 109. 106. 126. 1-. 34 733. 132. j 1975-Q1.... , “Q2.... ,| J -Q3.... , -Q4.... 1014. 759. 780. 939. -121. -469. -396. -129. -10.7 -38.2 -33.7 -12.? 16. 12. 12. 14. 171. 131. 151. 201. 93. 70. 76. 87. 111. 87. 93. 10 4. 1976— Q1.... -Q2.... -03.... -0*1.... 1 | | I 1018. 1218. 1302. 1466. 4. 459. 522. 527. 0.4 60.5 66.9 56. 1 15. 18. 19. 21. 231. 274. 279. 301. 96. 103. 95. 95. 121. 128. 125. 122. 1977-Q1.... -02.... -Q3.... -Q4.... | 1 | J 1729. 2039. 2277. 2436. 711. 821. 975. 970. 69.8 67. 4 74.9 66.2 24. 28. 30. 31. 339. 377. 388. 379. 100. 97. 123. 123. 124. 124. 1978-Q1.... | -02.... | -0 3 .......... | -Q4.... | 2582. 2625. 2619. 2604. 853. 586. 342. 168. 49.3 28.7 15.0 371. 349. 326. 313. 99. 99. 6 .9 31. 30. 29. 28. 96. 95. 122. 120. 116. 115. 1979-Q1.... -Q2.... -03.... -Q4.... | | | | 2669. 2736. 2743. 2717. 87. 111. 124. 113. 3. 4 4.2 4.7 4.3 27. 27. 26. 24. 308. 313. 308. 298. 92. 92. 94. 94. 110. 113. 114. 115. 1980-Q1.... -02.... -03.... -04.... | ) | J 2288. 1628. 1392. 1233. -381. -1108. -1351. -1484. -14.3 -40.5 -49. 3 -54.6 20. 14. 11. 10. 245. 183. 184. 189. 86. 71 . 73. 74. 105. 86. 89. 87. 1981— Q 1 .... -02.... -Q3.... -Q<».... f i 1 | 1124. 1300. 1080. 799. -1164. -328. -312. -434. -50.9 -20. 1 -22.4 -35.2 9. 10. 8. 6. 204. 257. 208. 174. 78. 108. 83. 72. 100. 126. 97. 86. 1982-Q1.... I -02.... ( -03.... i 674. 515. 494. -450. -785. -586. -40.0 -60.4 -54.3 5. 4. 4. 176. 159. 189. 74. 61. 71. 101. 99. 99. TAKEDOWNS OF COMMITMENTS 90. 79. * AVERAGE AMOUNT OUTSTANDING DURING THE PRECEDING FOUR QUARTERS (AVERAGE OF END-OF-QUARTER DATA). "TAKEDOWNS OF COMMITMENTS" ARE COMPUTED AS NEW COMMITMENTS LESS CANCELLED COMMITMENTS LESS THB CHANGE IN COMMITMENTS OUTSTANDING. 34 AGRICULTURAL FINANCE DATABOOK-QUARTERLY SERIES 300 DECEMBER 1982 AGRICULTURAL BARKING DATA 330 SURVEY OF TERMS OP BANK LENDING TO FARMERS (NON-REAL-ESTATE LOANS, U.S.) 331 AVERAGE EFFECTIVE INTEREST RATES 331.1Q 331.2Q 331.3Q 332 ALL BANKS............ ........... ............................. 35 LARGE BANKS......... .......................................... 35 OTHER BANKS......................... .......................... 35 AVERAGE EFFECTIVE INTEREST RATES CCHPABED WITH OVERALL AVERAGE 332. 1Q ALL BANKS............................ ........................3 6 332.2Q LARGE BANKS............... .................................... 36 332. 3Q OTHER BANKS................. .......... ......................36 333 PERCENTAGE CF LOANS MADE H U H A FLOATING INTEREST RATE 333. 1Q ALL BANKS........ ........................................... 37 333. 2Q LARGE BANKS.................. ........ ...................... 37 333.3Q OTHER BANKS.................................................... 37 334 AVERAGE MATURITY OF LOANS BADE 334. 1Q ALL BANKS.................. .......... ...................... 38 334. 2Q LARGE BANKS.......................................... -...... 38 33-4.3Q OTHER BANKS.......... ................. ........................38 335 AMOUNT, NUMBER, AND AVERAGE AMOUNT OF LOANS MADE 335. IQ AMOUNT................ ................. .................... 39 335. 2Q NUMBER............................ ...........................39 335.3Q AVERAGE AMOUNT........... ........ ............................ 39 340 FEDERAL RESERVE EANK SURVEYS OF AGRICULTURAL CREDIT CONDITIONS 341 CHICAGO 341.IQ FARM NON-REAL-ESTATE LENDING EXPERIENCE DURING THE PRECEDING QUARTER.......................... ............................40 FARM NON-REAL-ESTATE LOAN VOLUME EXPECTED DURING THE CURRENT QUARTER........ 41 42 341.3Q LOAN/DEPOSIT RATIOS............................ 341. 4Q TYPICAL INTEREST RATESCHARGED ON FARMLOANS..... ............... 42 341. 5Q TRENDS IN FARM REALESTATE VALUES ANDLOANVOLUME................. 43 341.2Q 342 MINNEAPOLIS 342. IQ CURRENT FARM LENDING EXPERIENCE......... ...................... 44 342. 2Q EXPECTED FARM LOAN DEMAND AND REPAYMENTCONDITIONS.............. 45 342.3Q AVERAGE LOAN/DEPOSIT RATIO AND OTHER CONDITIONS THAT REFLECT RELATIVE CREDIT AVAILABILITY........................ ......... 46 342. 4Q INTEREST RATES ON FARM LOANS................ 47 ....48 342. 5Q FARM REAL ESTATE LENDING EXPERIENCE. ...... ............ 342. 6Q FARMERS' EARNINGS AND SPENDING................... 49 343 KANSAS CITY 343. 343. IQ 2Q 343. 343. 3Q 4Q 344 344. 344. CURRENT FARM NON-REAL-ESTAIE LENDING EXPERIENCE...............50 AVERAGE LOAN/DEPOSIT RATIO AND OTHER CONDITIONS THAT REFLECT RELATIVE CREDIT AVAILABILITY. . ................ ............. 50 MOST COMMON INTEREST RATES CHARGED ON FARM LOANS............ .51 FARM REAL ESTATE VALUES........................ ............. 51 DALLAS CURRENT FARM NON-REAL-ESTATE LENDING EXPERIENCE.............. 52 FARM NON-REAL-ESTATE LOAN VOLUME EXPECTED DURING THE CURRENT QUARTER................................. ..................... 52 344.3Q AVERAGE LOAN/DEPOSIT RATIO AND OTHER CONDITIONS THAT REFLECT RELATIVE CREDIT AVAILABILITY............. ................... 53 344. 4Q HOST COMMON INTEREST RATES CBARGED ON FARM LOANS... ......... 53 344. 5Q TRENDS IN FARM REAL ESTATE VALUES AND LOAN VOLUME.............54 345 IQ 2Q RICHMOND 345. IQ CURRENT FARM NON-REAL-ESTATE LENDINGEXPERIENCE.................. 55 345.2Q FARM NON-REAL-ESTATE LOAN VOLUME EXPECTED DURING TBB CURRENT QUARTER........ ....55 345.3Q AVERAGE LOAN/DEPOSIT RATIO AND OTHER CONDITIONS THAT REFLECT RELATIVE CREDIT AVAILABILITY..................................56 345. 4Q TYPICAL INTEREST RATES CHARGED ON FARM LOANS.... »........... 56 345. 5QTRENDS IN FARM REAL ESTATE VALUES AND LOAN VOLUME................ 57 DESCRIPTION OF SURVEY COVERAGB AND PROCEDURES....................... .....58 -5 3 SOHVEY OF ITERMS OP BANK LENDING TO EARNERS (NON-REAL— ESTATE LOANS MADE DURING FIRST WEEK OF MIDDLE MONTH OF QUARTER) TABLE 33IQ QUARTER AVERAGE EFFECTIVE INTEREST RATES (.PERCENT) * 1 < ! j ALL LOANS 1 1 PURPOSE OF LOAN 11 1 1 1 1 OTHER | OTHER CURRENT i FEEDER | LIVESTOCK LIVESTOCK OPERATING 1_______________________ EXPENSES FARM MACHINERY AND EQUIPMENT 331. IQ 1.977— .... -Q2 .................... -Q3.... -Q4..... ] | I 1 8.8 1978-Q1.... -Q2 .... “Q3.... -Q<*.... 1 | | J 9.2 9.3 9.6 10.4 8.7 8.7 9.1 1 1 1 i 1 i I 1 1 8.5 8 .4 8 .4 8.9 9.2 9. 4 9.5 8.9 8.2 8.6 8 .8 8 .8 AMOUNT OF LOAN (THOUSANDS OF DOLLARS) 1 1 1 1 TO 9 10 TO 24 25 TO 99 8.9 8 .6 9.2 i 1 | 1 9.0 9. 1 9.0 9. 1 9.0 9.0 8.7 8.9 8.8 8 .1 8.8 8.8 9.0 9.0 8.5 9.3 9.2 9.2 9.3 9. 2 9.3 9.5 9.2 9.4 1 0 .1 OTHER 9. 1 9. 0 9.2 9. 1 9. 1 9.5 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 J | | 9. 1 9.2 9.3 9.9 10.3 10.6 11.2 1 1 .1 13. 5 10. 9 13.2 11.5 14.6 J | | | 10.3 11.7 .1 12. 9 10. 9 1 1.2 11.4 13.6 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 14.6 17.2 13.3 15.7 17. 8 16.4 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 18.3 17.7 2 0 .1 18.9 1 | 17.6 17.8 16. 8 13.9 17. 4 17.5 15.6 15.5 17.7 17.7 16. 9 15.3 17.9 18.2 17.3 15.7 17.9 17.9 16.9 14. 5 | 10.8 1 1 .1 11.2 11.2 11.2 AND OVER 8.8 10.0 10.1 11.1 10.5 10.9 12.9 10. 4 10.7 1 1 .1 13.2 12.1 12.2 11.8 13.2 14.5 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 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 17.7 17.6 17.5 15.6 17.3 17.6 17.3 15.4 17.7 17.8 17.6 15.5 17.8 17.8 16.2 14.0 J 1979-Q1.... | -Q2.... 4 -Q3.... J -Q4.... 1 1980-Q1.... -Q2.... -Q3.... -Q4.... 11.0 11.2 1 1 11.3 13.6 J i i J | 14. 1 17.4 13.5 15.5 1981-Q1.... J . -Q2.... | -Q3.... 4 - Q4» . .*. 1 17.9 17.9 19.6 18. 8 | | | | 17.7 17.8 16.8 14.8 1982-Q1.... -Q2.... -Q3.... -Q4.... 1 J 1 1 1 J 1 1 I 1 1 1 1 1 1 1 11 1978-Q1.... ,| -Q2.... | 1 -Q3.... , -Q4.... | 8.3 8 .1 8 .4 9.4 9.3 9.6 10.4 11.7 J 4 J 1 ] 1 1 i 1 1 | | | 1 10.6 10.8 11.6 1 1 | | ) | I | | 12.5 12.8 12.9 16.2 1980-Q1.... I -Q2.... | -Q3.... J -Q4.... 1 16.0 18.5 12.8 16.3 1981-Q1.... | -Q2.... I -Q3.... | -Q<».... 1 19.9 19.5 1 1 1 1 1 J 1 1 1 1982-Q1.... J -Q2* •.•. | -Q3.... 1 -Q4.... I 20.8 18.9 4 18.0 17.9 15.6 13.3 1 1 1 J 1 1 9.0 9. 2 8.7 1 0 .1 12.3 9. 2 9.4 10. 4 1 1.5 11.6 13.5 13.5 12.5 12. 7 12.3 12.8 16. 1 12.8 12.2 15.9 14.7 1 2 .1 12.7 13.0 16.9 15.4 12.5 12.7 12.7 15.6 16. 8 2 0 .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 | | | | 15.2 17.0 13. 1 15.6 15.4 17.5 13.0 15.6 15.8 18.4 13. 1 16.0 .1 20.7 17.6 19.3 21.9 18.6 19.6 18.7 20.4 19.6 18.9 18.6 19.8 19.0 19. 4 18.4 19.7 19.0 19.7 19.0 20.5 18.9 18.3 18.0 15.7 14.9 17.3 17.9 18.1 13. 2 18.0 18. 1 15.0 13.1 | I | I t | | | 20 19.2 16.8 18.4 19.6 19.3 18.3 18.3 17.7 15.0 18. 2 18. 1 17.4 14.7 17.9 17.9 17.4 14.4 18.0 17.9 15.4 13.1 7.8 8.1 9.2 9.7 9.9 10.3 11.8 7.3 7.2 8.2 8.7 8.9 8.7 9. 4 10.0 9.4 9. 8 10.7 1 1.9 J I | | i | J | | 9.7 9.9 10.5 1 1 .5 | I | | 12.3 12.3 12.7 15.4 12.6 12.8 8.2 8.6 8.7 9.2 9.2 10.0 9.0 9.0 9.2 9.6 8.7 8.6 8.9 9.3 9.6 9.8 10.4 11.6 8.4 8.5 8.7 9.4 8.3 7.8 8.3 9.3 9.5 9.6 10.3 1 1.4 9.2 9.6 10.4 12.5 12.9 13.0 16.5 1 1.8 12.8 12.9 13.0 16.2 12.2 12.4 16. 1 18.6 12.8 21 16.4 20.6 18. 7 17.5 17.7 16.0 12.6 17.3 17.5 14 1 -. 14.9 20.6 21.6 18.7 1 .1 19.7 20.9 18.8 4 I 1 4 9.1 9.2 9.3 10.0 1.979-Q1.... | —Q2 --- . | -G3.... | -Q4.... | 10.4 10.7 10.9 13. 1 1980— Q 1.... “Q2.... -Q3.... -Q4.... J J 1 J 13.7 17.1 13.7 15.3 J 1981-Q1.... -Q2 .... -Q3.... -Q4.... I | | J 17.5 17.5 19. i 18.7 1 1982-Q1.... -Q 2 .... -Q3.... -Q4.... ) 1 | | 17.5 17.7 17.5 15.5 1 1 4 1 J 1 4 1 1 4 4 4 4 8.8 8 .8 8 .8 8 .8 9.0 8.8 8.6 9. 1 9.5 9.2 9. 2 9.0 9.0 8.7 9. 1 8.9 9.0 9.0 9. 2 ( J | i 9.0 9. 1 9.0 9. 1 4 J 4 J 4 J_ _ 9. 1 9. 2 9.3 1 0 .6 12.5 10.4 10. 7 10.9 13. 1 I 1 1 1 1 1 1 1 1 1 1 1 1 i 1 1 1 1 1 1 12.8 12.9 16.2 16.0 18.5 12.8 16.3 13.7 17. 1 13.7 15.3 19.9 19. 5 18.9 17.5 17.5 19. 1 18.7 18.0 17.9 15.6 13.3 17.5 17.7 17.5 15. 5 2 0 .8 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 8 .9 9.0 9. 2 9. 8 9.0 9.3 9.3 9. 1 ‘ 1 9. 9.4 9. 9 9.3 9.4 9.6 1 0 .2 9. 1 9.3 9.4 9.9 I I J | 9. 1 9.2 9.3 9.9 9. 1 9.2 9.3 9.9 8.6 10.6 1 1 1 1 1 1 8 .7 9.3 8.9 8.6 8.8 8.8 9.0 8.9 9.2 9. 1 9. 1 9.2 9.3 9.9 9. 1 9. 1 9.5 10.3 10.3 10. 5 11.3 11 4 . i 10.8 11.2 j 9. O ' 9.0 ! i i i i i 10.5 10.2 10.8 11.6 10.3 10.5 10.3 10.8 11.0 13.2 13. 1 13.3 14. 0 17. 1 13.8 15.4 12.9 16.4 13.4 15. 1 13.6 16.6 13.5 15.2 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 17.4 17. 5 17.2 15.5 17. 4 17.5 17.5 15. 4 18.0 18.2 17. 2 15. 8 17.7 17.7 17. 9 15.7 10.5 10. 7 1 0 .8 13. 1 10.5 11.3 10.8 12.1 13,9 17.4 13.6 15. 2 13.3 16.5 14.0 15.4 16.7 17.7 19. 2 18. 5 17.7 17.9 17.4 15. 2 | | | | 10.3 10.5 10.2 i 10.8 12.8 10.5 10.9 13. 1 13.0 13.4 i i | 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 J | | | 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 i i ! 1 1 1 | | | | 17.6 17.6 17.5 15.6 17.3 17.6 17.3 15.4 17.6 17.8 17.6 15.6 17.5 17.8 17.7 15.2 | | | J 4 4 1 9.3 9.6 10. 4 11.7 I i 1978-Q1.... 1 “Q2.... I “Q3.... | — Q4.••• • | 9. 4 8.9 8 .9 8.9 9.0 8 .1 8 .4 OTHER BANKS 1 8.9 8.9 8.9 9.0 8.3 1 1 1 1 1 1 1 1 1 I 8.7 8.3 8 .8 9.6 8.0 331. 3Q 1977-Q1..... 1 -Q2.... | -Q3.... | —Q4.•* « •| OTHER I J 1 1 1 LARGE** LARGE BANKS** i 1979-Q1.... -Q2.... -Q3.... -Q4.... { J 331. 2Q 1977—Q1* ..• 1 . -Q2..... 1 -Q3.... | -Q<*.... 1 SIZE OF BANK ALL BANKS 9. 1 9.4 9.0 9. 2 10.2 | 100 I 1 1 1 1 1 1 1 _L, * 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 LOAN IS WEIGHTED BY ITS DOLLAR AMOUNT. ** "LARGE RANKS" ARE BANKS IN SURVEY STRATA 1-3, CORRESPONDING APPROXIMATELY TO BANKS WITH OVER $400 MILLION IN TOTAL ASSETS AS OF JUNE 1982. FOR ADDITIONAL INFORMATION, SEE NOTES TO STATISTICAL RELEASE E.2, FEDERAL RESERVE BOARS. 36 SURVEY OF TERMS CF BANK LENDING TO FARMERS (NON-REAL-ESTATE LOANS MADE DURING FIRST SEEK OF MIDDLE MONTH OF QUARTER) TABLE 332Q AVERAGE EFFECTIVE INTEREST RATES COMPARED KITH OVERALL AVERAGE* DIFFERENCE FROM AVERAGE EFFECTIVE INTEREST RATE ON ALL LOANS 1 AVERAGE EFFECTIVE | INTEREST J RATE ON 1 ALL LOANS (PERCENT) | I . PURPOSE OF LOAN 1 QUARTER FEEDER LIVESTOCK . _. OTHER LIVESTOCK . .. OTHER CURRENT OPERATING EXPENSES AMOUNT OF LOAN ^THOUSANDS OF‘ -BQILABSI FARM MACHINERY AND EOUIPMENT 1 1 332.1Q SIZE OF BANK 100 1 TO 9 OTHER 10 TO 24 25 TO 99 0.2 0.2 0.2 0.1 -0 . 1 -0 . 2 0 .1 0 .1 -0 . 1 -0 . 1 -0.7 -0 . 2 0.1 0.2 -o.i 0.0 0 .1 0.2 -0 . 1 -0 . 1 -0. 3 -0.4 AND OVER LARGE** OTHER -0. 5 -0.7 -0.3 0 .1 0.2 0.2 ALL BANKS | 1 8.7 8.7 9. 1 -0.3 -0.3 -0.3 -0 . 2 0 .1 -0 . 6 -0 . 1 -0 . 1 -0 . 0 0.1 0.3 1978-Ql... -Q2... -Q3... -Q4. •• 9.2 9.3 9.(6 10.4 0.0 0.1 -0 . 1 -0 . 1 -0 .1 - 0 .2 -0 . 2 0.4 -0 . 0 -0 . 1 1979-Q1... -Q2... — Q3.•. -Q4... 11.3 13.6 -0 . 1 -0 . 1 14. 1 17.4 13.5 15.5 0.3 0.3 -0 . 1 -0 . 0 17.9 17.9 19.6 18. 8 -0 .1 17.7 17. 8 16. 8 14.8 -0 . 1 1977-Q1... -Q2... -Q3... — Q4, .. . 8.8 0.1 0.3 0.7 0.3 0 .1 -0 . 0 0 .1 -0 . 1 0 .1 | | I j 0 .2 0.1 0.0 -0 . 1 -0 . 0 | -0 . 0 J -0. 1 I -0.3 J -0 .4 -0 . 0 -0 . 1 -0.3 -0. 4 0.0 -0 . 1 -0 .1 -0 . 6 -0.5 -0 . 2 -0.4 -0.5 -0.4 -0.3 -0.4 1 .1 1.6 0.6 -0.4 -0 .2 0.9 0.5 -0 . 0 0.4 0.3 0.2 0.0 1 11.0 11.2 J 1380—Q 1 ... -Q2. . . -Q3... -Q4... 0.1 0.0 i 1981-Q1. . . -Q2... -Q3... -Q4,.» 0.6 0 .1 -0.3 0.0 -0 . 1 -0 . 1 0.2 0.2 0.4 0.5 -0 . 2 -0.7 0.0 0.1 0.0 -0.7 -0 . 6 -0.4 -0. 5 0 .2 -0 . 0 0.9 | -0.7 I -0 . 6 | -0.4 J -0.8 -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 -0 . 2 -0.3 0.3 J -0.6 I -0.9 | -0 . 0 i -0.4 -0 . 6 -0.4 -0 . 1 -0.4 -0. 5 0. 1 0.3 -0 . 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 | -0 . 6 1 -0.4 J -0.8 | -0 . 2 -0 . 2 -0.3 -0.5 -0.3 -0.3 -1.3 -0 . 0 -0 . 1 0 .1 0.5 0.3 0.4 0. 5 0.2 0 .1 0 .1 | -0.3 -0 . 2 0.5 0.5 0.2 0.2 0.0 -0.3 0.0 -0 . 1 -0.3 -0 . 2 -0.3 -0.3 0.4 0.7 0.9 0.5 0.3 0.7 0.2 0.3 0.7 1 4 , 1 5 . 1.6 1.6 2.6 1.8 1 .1 -0.7 -0 .6 -0. 5 -0.3 -0. 5 -0. 4 -0. 3 0.2 0.8 -0 . 2 2.0 -0.4 -0. 3 -0.5 -0 . 0 1.7 1.2 0 .i i 1982-Q1... -Q2... -Q3... -Q4... 0.0 -0 . 1 -0.9 0.6 0.8 -0.3 1 | | -0 . 0 -0 . 1 0.7 0.8 -0 . 0 0.0 0.8 0.6 0 .1 0 .1 -0 . 6 -0.9 0.3 0.2 -*« 2 -1 . 6 -0 .2 -0 . 1 0. 7 0.6 1 1 332. 2Q i LARGE BANKS** 1 1 0.4 0. 4 -0 . 1 8.3 8 .1 8.4 9.4 -0.4 -0.3 -0. 3 - 0 .1 -1 .1 -0.9 -0 . 2 -0. 4 1978-Q1... -Q2... -Q3... -Q4.■a 9. 3 9.6 10.4 11. 7 0.3 -0 .1 -0.9 -0.3 0.6 -0.3 -0 . 2 -0 . 6 -0 . 1 1979— Q 1 •• . -Q2... -Q3... -Q4. •■ 12.5 1.0 -0 . 0 -0 . 1 -0 . 1 -0.4 -0. 4 -0. 5 -0.7 -1.5 -0.4 -0 . 1 0 .1 -1.3 -1.8 -0 . 1 -0 . 6 0.0 1977-Q1... -Q2... -Q3... — Q4. . i 12.8 12.3 16.2 0.2 -0 . 1 0.1 0.3 0 .1 0.1 -0 . 0 0.7 -a. i - o .i 0 .2 0.8 0.6 0.4 0.3 0.3 0.2 0.0 -0 . 2 -0 . 1 -0. 3 0.7 -0 . 1 0.4 0.3 0.0 0.2 0.6 | | | I 1 I | 1 0.6 0.4 0.1 0.9 0.6 0.8 0.2 0.5 0.5 0.3 0.4 0.3 -0 . 0 0.3 0.0 -0 .1 -0 . 2 -0 . 1 -0 . 0 0.2 0.0 -0 . 1 -0 . 0 -0.3 0.2 0.0 -0 . 1 -0 . 1 -0.3 0.0 0.1 | -0 . 2 I -0.5 1 -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 I -0 . 8 | -1.5 I 0.3 1 -0 . 6 -0 . 6 -1 .0 -0 . 1 -0 . 1 0 .2 -0.3 0 .1 - 0 .1 o- 1 J -1 . 1 J -0.9 l -i.o -0.5 - 1 .1 - 1. 1 -0.3 -0 . 6 -0.3 0 .1 0.2 0.2 0 .1 -0 . 0 -0 . 1 -0 . 0 -0 . 0 -0 . 0 -0 . 2 -0 . 2 0.2 1 16.0 18.5 0 .8 1.7 -0.5 -1.3 12.8 0.0 16.3 0.4 0.0 -1.0 -0. 4 -0 . 1 0.3 -0. 5 18.9 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 18.0 17.9 15.6 13.3 1980-Q1... — Q2 ..• -Q3... -Q4... -0.5 -0.3 0. 4 -0 . 6 -0 . 6 -0. 4 -1.5 1.7 0.3 0. 1 0.1 -0.7 -0.4 -0.4 0.7 0.1 -0 . 6 0.1 1 19.9 19.5 1981-Q1... -Q2... -Q3... -Q4.. . 20.8 1.2 J 1982-Q1... -Q2... -Q3... -Q4... 1.6 0.0 2.5 -0 . 1 0.5 0.1 0.8 -0 . 2 0.0 0.2 -0 . 6 -0 . 2 | 0.1 0.2 I | 0.3 0.4 2.1 1.7 0.2 0.2 1.8 1 1 1.4 1.8 1 .1 1 1 332. 3Q I OTHER BANKS 1 1 8.9 8.9 8.9 9.0 -0 . 2 -0 . 2 -0 . 1 -0 . 2 0 .1 -0,3 -0 . 2 0.0 0.0 0. 1 -0 . 0 9. 1 9.2 9.3 -0 . 1 0 .1 -0 . 1 0 .6 0 .0 -0 . 0 0.0 -0 . 1 0.2 0 .2 10.0 -0 . 2 -0 . 1 -0 . 1 -0 . 1 1979-Q1.., -Q2... -Q3... -Q4... 10.4 10.7 10.9 13. 1 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 -0.4 0 .1 1980— Q 1 . . , -Q2... — Q3..« -Q4.., 13.7 17. 1 13.7 15.3 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 17.5 17.5 19.1 18.7 -0 .8 0. 1 -0 . 1 0 .1 0.0 -0.4 -0 . 0 17.5 17.7 17.5 15.5 0 .1 0.2 -0 . 2 1977-Ql... -Q2... -Q3... -Q4... a -0 . 1 .2 0.5 0.3 0 .1 0 0 .1 0.0 f I -0.4 | 0.2 I 0.0 0.1 0.1 -0 . 1 | | 1 0.1 0.1 0.1 0.1 0.1 0.1 -0 . 1 -0 . 0 -0.3 -0 . 0 -0 . 1 -o. i 0.3 -0.4 0.3 0 .1 1 1.978—Q1... -Q2... —Q3.• < -Q4... 0.3 0.2 I -0 . 0 0.0 -0 . 0 0.0 -0 . 0 - 0 .1 -0 . 1 0.0 0.0 -0 . 1 -0 .1 -0 .1 -o. 1 0.2 -0 . 2 I -0 . 2 | -0 .1 | -0.3 -0 . 2 -0 . 2 -0 . 0 -0 . 0 -0 . 2 -0 . 2 -0 . 1 -0 . 1 0.7 0.3 0.3 -0 . 1 -0.5 -0 . 1 - 0 .1 | -0.3 ) -0 . 6 | -0 . 1 I -0 . 2 -0.3 -0 . 1 -0 . 2 -0.3 -0 . 2 0.6 - 0 .1 0.2 -0 . 2 I -0 . 1 | -0.3 ) -0 . 2 0 .1 0.0 -0 . 1 0 .1 -0 . 1 0.0 0.0 -0.3 0 .1 -0 . 0 0.3 0.4 | 0.1 J -0. 1 ) -0 . 1 | 0.2 -0.3 -0 . 1 -0 . 2 -0 . 0 0 .1 0 .1 0 .1 0 .1 -0 . 0 0.1 0 .1 -0 . 2 0.0 0.2 0.4 l 0 .1 I 0.0 0.0 0.8 0.3 0.3 0 .2 i 1981—Q1•■i -Q2... — Q3• •< -Q4... 0.2 -0.3 0.2 0.0 -0 . 1 -0 . 0 0 .1 -0 . 1 -0 . 0 -0.3 -0. 7 -0 . 1 -0 . 2 -0.4 0.1 -0 . 1 -0 . 2 -0 . 1 -0 . 1 0.5 0.5 -0.3 0.3 0.2 1 i 1982-Q1... -Q2... -Q3.. -Q4.,. -0.3 0.2 0.0 0.4 0.2 i * THE APPROXIMATE COMPOUNDED ANNUAL INTEREST RATE ON EACH LOAN IS CALCULATED FROM SURVEY DATA ON THE STATED RATE OF THE LOAN. IN COMPUTING THE AVERAGE OF THESE ESTIMATED EFFECTIVE RATES, EACH LOAN IS HSIGHTED BY ITS DOLLAR ND OTHER TERMS MOUNT. ** "LARGE EANKS" ARE BANKS IN SURVEY STRATA 1-3, CORRESPONDING APPROXIMATELY TO BANKS SIITH OVER $400 MILLION IN TOTAL ASSETS AS OF JUNE 1982. ?OR ADDITIONAL INFORMATION, SEE NOTES TO STATISTICAL RELEASE E.2, FEDERAL RESERVE BOARD. 37 SURVEY Of i ERRS CF BANK LENDING TO FARMERS <NON-REAL-ESTATE t TABLE 333Q QUARTER OANS HADE DURING FIRST WEEK OF MIDDLE MONTH OF QUARTER) PERCENTAGE OF LOANS MADE KITH A FLOATING INTEREST BATE* i 1 | ALL LOANS 1 | FEEDER | LIVESTOCK 1 PURPOSE OF LOAN OTHER LIVESTOCK OTHER CURRENT OPERATING EXPENSES FARM MACHINERY AND EQUIPMENT 333. IQ I ' AMOUNT OF LOAN' 1 ____ {THOUSANDS OF DOLLABSl 100 1 10 TO I 1 TO 25 TO AND 24 99 OVER J 9 I OTHER | S IZ E OF BANK 1 J t LARGE** OTHER 1 1 ALL BANKS 1 9 7 7 -Q I .......... J - Q 2 .......... | -Q3. . . . a ) - Q 4 .......... | 15.3 13.2 22.7 17.3 | | | | 2 7 .7 17.3 4 1. 4 14.9 4 .9 30.1 6 .9 9.6 1 6.4 5.5 8 .7 2 2 .9 4 .4 5 .7 10 .8 1.3 20.3 18.7 3 0 .3 2 2 .3 1 I 1 I I 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 4 0 .6 5 4 .4 4 4. 4 | | | | 6 6 .8 4 8. 8 64.5 6 1 .8 2 .3 2. 3 0 .3 1.5 1978— Q 1 .......... “ Q2.......... -Q 3— . . . “ Q4.......... 1 | | | 15.0 22.1 18.4 13.2 | | | | 19.2 3 2. 8 13.9 13 .5 2 1 .2 30.7 2 1.4 8. 9 9 .8 13 .2 2 0 .2 14.0 2.8 1.0 0 .7 3.5 2 5. 5 3 2.5 2 9. 9 2 2.2 1 | ) | 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 5 0 .4 4 4. 5 3 3 .5 | | | J 5 7-0 6 7 .4 6 3 -5 5 8 .0 1.6 1.0 1. 4 0 .6 1979-Q1.......... - Q 2 .......... - Q 3 .......... "Q 4 . ... • | | | | 18.6 19.3 12.5 15.6 J | J 1 2 2.6 2 1 .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 2 2. 2 15.2 3 1 .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 4 1 .3 4 4 .5 2 6 .7 26.8 | 4 | | 6 1.4 7 0 .8 6 5 .5 68 .0 2 .9 3.8 1. 1 5. 0 1980—Q 1.......... - Q 2 .......... - Q 3 .......... - Q 4 .......... | | 1 t 16.5 26.8 20 .7 21.6 | | | | 16.3 19.9 19 .4 2 3 .0 8 .7 1 6.4 2 3.2 26. 1 18. 8 2 9.8 16 .0 19.3 3.6 14.6 10.6 15.7 2 8 .7 39.3 3 3. 9 27.0 1 J I | 1 i 1 | | 4 .0 7.1 7 .0 9.0 5 .4 2 0. 9 8 .7 13.6 6.0 18.2 13.2 15.9 36.3 3 8.7 39.9 3 4 .2 | | i | 68.3 80.0 7 4 .7 74. 1 4 .6 11. 5 7.8 9 .4 - 1 9 8 1 -Q 1 .... -Q 2 .-... - Q 3 .......... - Q 4 .......... | | J | 2 9 .0 2 2.6 3 5 .6 3 1 .5 | | J 1 3 6 .5 3 0.3 3 2 .5 35.5 19.3 1 5. 5 2 2 .6 3 0 .7 33.2 20. 1 3 9 .6 38. .1 13.3 12.5 21. 2 15.8 2 2 .6 30.2 41.6 2 7 .5 I | I J 11.3 14.0 17.6 19. 1 14.0 12.6 2 1. 5 24 .9 2 3 .0 15.3 2 4.2 2 5 .6 4 6.4 34.2 5 6. 4 4 0 .7 | | | | 8 4. 2 80 -0 8 5 .7 7 1 .7 17. 1 10.7 15.7 19.9 1982-Q1_____ - Q 2 .......... - Q 3 .......... — Q4»•••• | I i i 47.1 38.1 37.3 3 4 .4 ) | j | 4 1 .8 4 7 .3 6 2.6 4 3 .7 5 3.0 2 5. 4 2 2 .3 31.9 5 5 .0 4 2 .9 3 0.5 3 9 .9 30. 8 12.8 2 2.0 4 .8 38.5 36. 1 2 3 .0 2 7 .4 | J I I 1 2 3 .5 25.8 27. 1 2 1.0 2 6.2 2 3.5 29.3 2 2. 9 3 5 .4 2 9 .5 3 5.9 19.7 6 5 .3 5 5. 6 42. 1 53.1 I | | | 7 0 .7 74. 1 5 4. 5 6 5 .1 3 4. 6 2 3.4 27.0 2 2.2 3 3 3 . 2Q LARGE BANKS** | I i I 6 6. 8 4 8 .8 6 4 .5 6 1 .8 J i | | 6 7.3 4 6 .9 7 0 .8 6 3 .4 7 1 .8 62. 1 5 5. 6 70.7 5 8. 7 29. 1 4 5 .6 7 1 .0 3 1 .3 5 2.0 3 9 .9 3 9. 7 80 .9 6 4 .8 7 4. 3 48 .4 | ! | J 2 7.4 33. 1 2 6 .5 27 .8 35.1 39.2 3 4 .5 3 5 .5 4 8 .7 3 7 .7 4 5 .2 4 5. 9 7 5.4 5 3 .7 6 9 .8 68.6 1978-Q1.......... , I -Q 2 „ ...a..J - Q 3 .......... .1 — Q4. ... . « ,| 57.0 6 7.4 63.5 58.0 j J | | 6 1 .8 7 6 .5 5 3.0 6 2 .0 7 7 .3 87.4 8 8.0 7 4.9 4 7 .2 4 5 .5 62.3 5 4 .5 74.8 1 4.9 6 .2 42.1 54 .6 8 0 .5 8 2 .8 5 3 .6 { 1 | 1 2 6.3 2 4. 6 29.1 34. 1 3 8 .6 3 4 .7 3 8.1 41*9 45.1 4 3. 3 4 7 .0 4 0. 4 6 3 .6 7 4. 9 6 9 .1 6 4 .4 197 9— Q1.......... >| “ Q2.......... .| - Q 3 .......... ,| - Q 4 .......... . | 61.4 7 0. 8 65.5 6 8. 0 | | | j 7 6.3 6 6 .3 7 4. 3 6 9.0 8 2 .4 9 2 .7 8 1 .4 7 9.7 5 9.7 7 0 .9 61 . 1 6 3 .0 59.1 8 2.8 2 8.8 50.# 44.7 6 2.3 5 9 .8 7 0 .8 | | | | 3 8. 1 2 9. 6 30.5 38.2 4 5.2 4 7. 8 46. 1 4 9. 3 5 7 .2 53.3 5 0.7 5 4 .0 6 3 .7 7 8 .2 75.1 7 3 .6 1980-Q1.........., 1 - Q 2 .......... k - Q 3 .......... j - Q 4 .......... J 6 8.3 80 .0 74.7 74.1 J j 1 J 86.1 5 4 .6 88 .6 7 6 .7 71.2 63.2 8 4 .3 90. 1 6 1 .0 7 9. 9 49. 4 7 1 .2 31.8 6 3 .3 7 6. 8 8 4. 7 64.9 9 5 .6 91.9 70. 1 1 | 1 | 3 7. 0 3 8.7 3 7. 4 45. 1 4 2 .5 4 3. 9 5 1 .2 5 3.5 5 6 .7 53. 1 6 6 .5 68.5 7 3 .5 8 7 .2 8 0. 3 7 7 .6 1 98 1 -Q 1 .-... | “ Q2.......... | - Q 3 .......... , | - Q 4 .......... J 84.2 80.0 85. 7 71.7 | | J j 9 2. 1 87.1 95.7 8 0 .4 6 9. 4 5 1. 0 59 .7 91.7 8 1. 6 7 5. 9 8 3 .2 7 7 .5 6 9 .4 64.8 8 4.8 82.1 8 6 .8 9 3 .0 85. 1 6 0 .8 | 1 | 1 4 7. 6 53.6 5 6.4 53.3 5 6. 9 5 9 .6 6 5 .8 6 3 .7 7 1 .4 6 4 .4 6 8 .7 7 4 .6 9 1 .3 8 4. 9 8 9 .9 72. 1 1982— Q l . a . •a | -Q 2 .......... | — Q3a....a | - Q 4 .......... , j 7 0.7 74.1 54.5 65. 1 | | | t 58.4 5 4 .6 6 1.2 6 7 .4 94.3 5 5. 7 3 4 .9 6 8. 9 8 6 .3 8 6 .5 4 6 .7 7 3 .3 8 1.9 86.6 7 5 .8 4 8. 7 5 5 .5 7 4. 9 37.1 54 .4 | J 1 | 59.8 6 7 .2 7 0.7 6 6.2 6 5. 2 7 0. 6 7 5 .4 7 5 .9 7 5. 8 7 3. 5 7 2 .2 6 6 .4 7 0. 6 7 4 .7 5 2.2 6 4. 4 1977— QT.......... - Q 2 .......... - Q 3 .......... - Q 4 .......... 333. 3Q OTHER BANKS 1977— Q l .......... J — Q2.a••• | - Q 3 .......... J — Q 4 . . . a.. | 2 .3 2.3 0.3 1.5 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 | | 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 1 5.2 0 .0 6.8 1978— Q l........... i - Q 2 .......... | —Q 3 . . . . a | - Q 4 .......... 1 1.6 1.0 1. 4 0.6 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 0.6 0.0 0.6 0. 1 4.4 0. 1 0.8 | | | I 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 19 79-Q1 .......... - Q 2 .......... - Q 3 ........... - Q 4 ........... | | 1 | 2. 9 3.8 1.1 5.0 2.8 7 .3 0 .3 3.5 1.6 0.0 0.0 1.0 1. 1 4.0 2.6 7 .5 1.7 2 .5 0.7 0.2 8 .2 0.2 1. 4 9.5 I | i | 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 1980-Q1........... J - Q 2 .......... J - Q 3 .......... | — Q4. . . . aJ 4.6 11.5 7.8 9 .4 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 1 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 1 2. 5 9.2 1 981-Q 1...... | - Q 2 .......... | —Q 3 .. « • •| - Q 4 .......... 1 17.1 10.7 15.7 19.9 18.3 10.7 6.3 24. 1 10. 1 8 .6 9 .0 19.0 2 4 .7 11.6 2 3 .0 2 8 .2 6 .6 5.8 11.6 10.3 3.9 11.7 11.4 10.3 | I | | 9 .7 12.6 16. 1 17.9 10.9 10.1 17.9 22.1 17.7 11.0 18.3 20. i 2 3 .7 9.8 9 .2 19 .6 1982— Q l .......... | - Q 2 . . . aa | - Q 3 .......... | - Q 4 .......... | 34.6 23.4 27.0 22.2 2 5 .9 42. 1 6 3 .8 19 .8 4 5 .8 13.2 8.6 2 7 .8 4 1 .7 2 7 .8 2 4 .6 33.6 2 6 .3 8 .6 19.4 2.7 19.6 13.9 15.6 6.0 I | f i 21.5 2 3 .7 2 4. 3 18.8 2 2.5 19.6 25. 1 19.2 3 1 .0 2 1.9 3 1 .6 15.5 56.1 2 9 .0 2 5 .2 37.5 * PERCENTAGE OF AMOUNT OF LOANS HADE. A FLOATING RATE I S T I E D TO SOME OTHER RATE ([SUCH AS THE PRIME RATE OR A MARKET IN TE RES T R A T E ) , AND NEITHER THE BANK NOB THE BORRORBR KNOWS THE EXACT RATE OF IN TE RE ST TO BE CHARGED OVER THE L I F B OF THE LOAN. ** "LARGE EANKS" ARE BANKS I N SURVEY STRATA 1 - 3 , CORRESPONDING APPROXIMATELY TO BANKS HITH OVER $400 MILLION IN TOTAL ASSETS AS OF JUNB 1982. FOR ADDITIONAL INFORMATION, SEE NOTES TO STATISTICAL RELEASE E. 2, FEDERAL RESERVE BOARD. 38 SOBVEY 07 -TEEMS OF BANK LENDING TO FABHEBS (NON-BEAL-ESTATE LOANS HADE DOBING F1BST WEEK OF MIDDLE BO NTH OF QOABTEB) AVEBAGE MATOBITY CF LOANS MADB (MONTHS) * TABLE 334Q POBPOSE OF LOAN AMOONT OF LOAM I | I SIZE OF BANK 1 QOABTEB | ALL LOANS FEEDEB LIVESTOCK OTHEB LIVESTOCK OTHEB COBB ENT OPEBATING EXPENSES FABM MACHINEBY AND EQUIPMENT 100 OTHEB 10.9 8.3 7.0 9.4 1978-Q1...... J -Q2.... j -03.... J -Q4.... | 10.0 9. 1 J | | i 1.979— Q1.... -Q2.... -Q3.... -Q4.... 1980— Ql... .. i -Q2.... | -Q3.... | -Q4.... | 6 .0 6.7 6.0 6 .8 6.1 6.6 5.3 5. 0 7.4 6 .8 7.8 7.5 6 .8 6.9 5. 5 5.3 5.8 7.2 6.6 6.6 5.0 8.3 6.2 7.8 7.3 1981-Q1...... | -Q2 .... i — Q3...... 1 -Q4.... I 6.2 6.8 1982-Q1.... -Q2.... -Q3.... — Q4.... 7.1 7.6 5.4 5.8 5.0 5.8 6 .0 7.2 5.3 4. 5 5.6 16.6 16.5 8.5 12. 5 18.4 9.9 6.1 5.3 18.3 17.8 20. 4 16.2 8.7 15.9 6 .1 7.1 17.9 11.7 14.0 14. 1 6.6 14. 1 6.7 12.7 5.8 12.6 22.6 6.8 6 6.5 5.9 6.6 6.6 6.2 7.8 6.3 6 .7 6 .0 6.0 5. i 7. 2 6.2 6 .5 6.6 6.9 6 .2 4.9 7.9 7.7 7.6 4.9 9.8 8.8 7.8 6.2 9.0 7.4 7.7 8.7 5.3 6.9 3.9 5.6 5.4 6.4 4.5 5. 2 12. 1 7.7 8 .2 . 12.0 7.4 10 .8 8.0 13.0 10.4 4.2 6.5 4.2 5.4 6.2 6.2 13.5 10 TO 24 25 TO 99 AND OVEB OTHEB 11 ALL BANKS 6.9 .5 5.3 5.6 19.2 6.5 7.4 5.7 1 TO 9 ___ L_ 334.IQ 1977-Q1.... 1 -Q2.... | -03.... | -Q4. . . .. | . 1 1 | | LABGE** | 1 1 1 1 1 1 1 1 1 1 1 i i 1 J 1 1 1 1 1 1 1 1 1 i 9.1 8. 1 6.9 8.3 16.3 8.9 7.1 13.6 7.7 7.8 5.6 7.4 7.8 8.7 7.5 7.5 11.3 7.6 1 1 .2 10.2 9.6 9.1 4.5 8.4 8.1 6.9 7.3 10.7 8.5 7. 1 7.2 8 .1 7.6 7.0 5.6 7.6 6.4 6 .1 6.8 8.0 6.1 7. 1 7. 1 6.9 6 .5 9.4 6.1 7.5 8.5 5.9 6 .2 6.1 8.2 6.1 5. 8 7. 5 3.6 4.9 6.3 6 .7 5.4 6 .> i 5.9 9.4 5.0 4. 2 7.6 6.9 5.7 6.3 8.0 6.7 6.4 8.8 7.9 10.1 6.6 8.9 6.6 8.7 7.3 8.0 9. 1 6 .8 5. 1 12.4 6 .1 5. 6 5. 8 10.6 6 .7 1 0 .1 11.0 8.6 6.6 4.4 5.2 5.5 5.2 4.3 6.4 5.3 5.4 4.6 5.6 6.8 6.2 6 .4 5.6 5. 8 5.2 7.3 6.3 6 .5 5.7 5.6 6.2 6.6 5 6 . 8.3 6.4 5.8 7.1 7.5 6.6 6 .4 6 .1 6 .0 9.3 5. 1 5.2 7.2 4. 1 5.3 8.9 7.9 .7.5 8.0 8 .6 8.2 6.5 7. 1 7.5 1 1 | | 1 3.9 4.6 6.6 4. 9 10.0 4. 5 5.8 8.5 5.5 5. 6 334.2Q 1977— Ql.... j -Q2.... J -Q3.... j -Q4.... | 5.1 .1 5.6 5.8 4.6 5.2 5. 5 5.0 6 1978-Q1.... -Q2.... -Q3.... -Q4.... | J | J 6.7 10.1 4.4 5.2 4. 8 4. 5 3.9 4. 1 1979-Q1.... -Q2.... -03.... —Q4.... | | | J 5.3 5.4 4.6 5.6 4.4 4.6 3. 8 3.0 1980— Ql.... -Q2.... -Q3..... -Q4.... ] | 1 | 5.6 6.5 5.7 6.0 5. 1 l 1 1 1 _1_ LABGE BANKS** 4. 2 6.3 3.9 5. 1 14.6 9.3 ’ 5.8 1 0 .'1 6.4 6.4 7.4 7.4 1 1 l 1 1 1 1 1 1 1 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 7. 1 .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 5.9 8.3 6 .5 8.8 i 4.5 5.2 22.5 7.3 7. 1 4.5 8.1 6.6 8.8 8.8 1 1 1 6 i 1 J 1 1 6.2 4. 1 4.2 4.0 5.9 11.6 6.7 1981-Q1.... | -Q2.... i -Q3.... | -Q4.... j 5.8 7.5 3.6 4.9 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 4Q.9 10. 5 4.8 6 .1 2.8 1 1 8.0 3.8 J 1982— Ql. .... 1 . -Q2.... | -Q3.... | -Q4.... i 5.9 9.4 5.0 4.2 1. 9 <4.2 7.5 3. 8 6 .4 8.7 15. 0 4. 9 4. 1 11.0 10.6 3. 1 6.5 18.8 13.3 1.2 1 1 1 1 4.0 J 8.0 5.9 5.4 7.4 6.4 4.9 6.1 6.7 6.5 5.7 5.3 7.4 7.0 5.2 5.3 7.0 6.6 5.4 4.6 7.6 5.9 5.0 5.3 7.2 5.5 6.4 6.3 5.2 6 .0 6.0 6.2 7.5 5.8 6 .8 6.2 5.3 5.1 5.5 7.8 7.9 6.5 5.8 5.2 7.0 5.7 5.2 5.5 5.9 5.6 5.4 4.7 5.8 6.5 5.4 5. .1 6.2 5.4 6.1 5.6 4.3 6 .0 5.7 6.0 6 .8 11 .2 4.2 5.0 5.0 5.0 4.1 5. 1 5.4 8.5 6 .1 6.7 J 4. 2 2.6 6.9 1 7.0 7. i 5.0 5.0 7.3 5.7 5.2 6.6 7.0 6.3 5.6 6.6 7. 1 7.3 5.4 5.3 5.9 7.7 3.2 4.5 5.7 10.0 4.9 4.0 l 334. 3Q 1977—Ql.... -Q2.... -Q3.... -Q4.... | | | j 12.4 8.9 7.9 6.7 7.5 7.7 .5 5. 7 5. 8 16.7 17.3 9.5 18.5 17.5 6.8 10.5 6.3 5.8 6.7 8.0 6.9 10.6 7.4 20.3 6.9 7.6 5.7 11.0 8.6 6.9 6 .8 6.2 7.5 6.5 6.8 6 12.6 OTHEB BANKS 15. 1 11.9 15.0 24.4 1 1 1 1 1 8.6 8.0 10.6 8.6 17.4 9.4 7.6 15.2 11.9 11.5 5.3 9.3 7.9 11.8 12.3 12.5 5.8 5.1 9.2 8.2 7.0 8.9 i 1S78-Q1..... I -Q 2 .... j . -Q3.... | —Q4.... J 1979— Ql.... i -Q2 .... I -03.... | -Q4.... i 1980-Q1.... -Q2.... -Q3.... -04........... | | | 1 1981— Ql.... | -Q2.... 1 -Q3.... 1 -Q4.... i 1982-Q1.... 1 — Q2.,.,... 1 -Q3.... 4 -Q4.... I 7.5 8.0 5.6 7.6 8.6 8.2 7.6 5.9 5.9 15.6 7.9 17.4 7.0 9.6 6.3 6.2 6 .2 6.2 8 .1 5.3 6.3 7.6 8.0 6.6 6 .1 8.2 5. 2 9.6 6.1 6.3 7.6 7.9 6.9 5.3 5.0 8.3 24. 2 9.6 7.5 6.3 6.7 5.4 6.0 7.6 6.9 5.7 6.3 7.3 5.4 5. 1 5.7 5.3 4.9 5.9 6.0 4.7 8.6 5.9 6.0 6.2 6.2 4.7 5. 1 7.8 8.0 .2 6.4 5.7 5.8 12 6.5 5.7 10.6 7.0 7.4 21.8 18. 1 12.9 14.0 13.5 6.5 7. 1 9.6 12.2 12.8 6.7 5.7 7.3 6 .0 11.2 4.0 10.5 12.3 7.3 6.6 4. 8 6 .1 8.9 7.2 7.2 6.7 7. 1 5.2 6.7 8.6 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 7.6 7.6 7.6 6.7 9. 1 8.4 10.9 8.2 8.6 6.8 8.8 7.0 7.4 8 .1 6.4 .1 6.7 6 6.5 6.8 5.6 5. 9 1 1 1 1 6.2 6.6 I 5.7 1 ____ L _ 5 .5 7.2 7.6 1 1.0 9.3 7.5 8.3 9.6 7.0 7. 1 7.0 8.2 6 .4 5.4 4.5 7. 1 6.1 6.6 8.5 5.1 7. 2 7.2 9.9 6.3 9.4 6.3 6 .4 5.1 7.4 6.4 6.5 5.7 5.5 6.2 8.4 6.3 5.8 7.1 7. 5 6.3 7.8 8.5 5.2 6.2 6.0 8.8 7.0 5.2 5.8 6 .6 * AVEfiAGE MATOSXIY OF NONDEMANiD LOANS, B IT H EACH LOAN WEIGHTED BY I T S DOLLAB AMOONT. ** "LABGE BANKS" ABE BANKS I N SOBVEY STBATA 1 - 3 , COBBESPONDING APPBOXIHATELY TO BANKS BITH OVEB $400 MILLION IN TOTAL ASSETS AS OF JONE 1982.. FOB ADDITIONAL IHFOBBATION, SEE NOTES TO STATISTICAL BELEASE E. 2, FEDEBAL BESEBVE BOABD. 39 SOBVEY QP TERMS OF BANK LENDING TO FARMERS (NON-REAL-ESTATE LOANS HADE DURING FIRST WEEK OP MIDDLE MONTH OP QUARTER) TABLE 33 5Q AMOUNT, NUMBER, AND AVERAGE AMOUNT OP LOANS MADE 1 1 1 1 QUARTER PURPOSE OF LOAN | ALL LOANS | | 1 1 | i . 1 1 PEEDER LIVESTOCK OTHER LIVESTOCK OTHER CURRENT OPERATING .EXPENSES 335.IQ 1 AMOUNT OF LOAN (THOUSANDS OP DOLLARS) JfARM MACHINERY AND EQUIPMENT 100 OTHER 1 TO 9 10 TO 24 25 TO 99 AND OVER i SIZE OF ”b !nk 1 | | LARGE* OTHER ) 1 AMOUNT OF LOANS MADE (MILLIONS OP DOLLARS) J 823. 925. 872. 709. J | j J 114. 156. 279. 170. 125. 124. 47. 85. 292. 380. 326. 233. 11 4. 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. 30 5. 185. 657. 707. 568. 523. 797. 995. 825. 949. | | J | 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. _ 60 4 . 679. 598. 741. 9*68. 1057. 818. 1197. | | } 1 304. 26 8 . 218. 499. 84. 128. 92. 72. 292. 426. 331. 387. 154. . 151. 160. 160. 181. 126. 184. 321. 324. 267. 416. 333. 351. 273. 436. 260. 2 46. 144. 202. 708. 812. 673. 995. 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. 7.66. 1056. 1981-Q1... -Q2 ... -Q3... -Q4... 1083. 1419. 918. 1261. | J | | 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. 1982-Q1••. -Q 2 .-. •• 1 -Q3... -Q4... ..I 1266. 1224. 1217. 1458. | 217. 184. 214. •429. 70. 83. 75. 187. 623. 568. 521. 467. 107. 112. 41. 153. 242. 275. 301. 220. 138. 173. 145. 158. 167. 214. 158. 234. 359. 357. 262. 452. 603. 480. 652. 614. 439. 356. 457. 413. 827. 868. 760. 1044. 6 .1 0.9 6.3 5.3 4.2 1.0 0.8 0.8 3. 2 4.3 3.8 3. 1 63.5 73. 3 61.0 50.7 65.6 60. 0 55.0 1977-Ql... -Q 2 ... -Q3... -Q4... 1 1978-Q1... -Q2 ... -Q3... -Q4... 1 1979-Q1... -Q2 ... -Q3... -Q4... 76. . 53. 81. 112 . 123. 124. 153. 212 201 1 1980-Q1... -Q2... -Q3... — Q4».» • 1 i | | 1 1 335. 2Q J ] NUMBER OF LOANS MADE THOUSANDS) 1 66.7 77.5 64. 8 53. 8 | | | | 9.8 64.8 70.0 63. 4 58.3 | J | | 10. 5 10.3 10.7 14.6 62.5 74.3 59. 2 65.9 | | | | 10.9 1 0 .8 6.9 63.9 64.7 60.1 72. 1 | | | | 9.6 8.7 7.8 60.8 77.6 56.8 64.3 | J J | 6 .4 57.8 71.0 59.6 67.6 1977-Ql... -Q2 ... -Q3... -Q4... | | | | 5. 1 4.8 5. 2 9.8 6.2 8.5 8.8 8.4 9. 1 6.5 6.5 30. 1 40.3 32.7 21.8 6.1 30.0 33.7 34.5 24. 1 11.5 49.8 56.5 47.9 39. 1 9.9 13.8 7.3 10.3 8.4 7.8 8.4 9.3 8.6 11. 4 11.7 6.0 46. 8 51.0 46. 0 36.8 10.5 6.5 7.6 7.0 43.1 53. 5 42.8 42. 5 11 7.7 5.5 8.9 8 .1 41. 0 44. 2 38.8 46.7 12.0 11.3 12.9 14. 6 6.6 6.0 5.3 7.9 39. 2 50. 1 40.3 41. 2 5.4 7.8 6.9 6.9 36.8 46.4 41. 2 40. 4 11.2 8.6 10.8 9.6 1 1978-Q1... -Q2... — Q3•• • • 7.7 4.9 5.6 10.0 5.9 7.8 7.9 7.4 5.4 6 1.0 6.0 1.3 6.3 7.4 1.0 1.4 3.8 4. 4 3.4 3.3 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 8.9 7.2 1.9 1.9 6.8 8.6 1.6 2 .2 3.3 3.6 3. 4 3. 5 60. 5 61. 1 56.7 6 8 .7 11.3 15. 8 9.8 12. 4 8.3 9.2 5.8 8 .4 1.9 2.5 2.3 3.5 3.6 3.0 3.3 57. 3 74.0 53.8 61.0 .1 15. 1 10.9 16.0 7.9 7.7 5.8 9.4 2.0 1.8 1.6 1.8 3.9 5.0 4. 1 4.0 10 . 1 12.6 1.2 1 1979-Q1... -Q2 ... -Q3... -Q4... 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 .2 12.3 9.0 12.8 1 1980—Q 1•.. -Q2 ... -Q3... -Q4... 12.2 6.5 5.0 4.7 6 .1 30.8 3 7.8 33.2 32.9 8.7 7. 6 5. 4 12.8 I 1981-Q1. .. -Q 2 ... -Q3... -Q4. . . 8.7 5.9 8.9 6.1 37.0 47.5 36.5 33.2 9. 5 5.7 8.1 3.7 5.0 4.9 7.2 37.5 46.9 38.2 36.8 5.9 6.4 4.2 6.9 4.6 5.8 3.5 6.0 J 1982-Q1... - 0 2 ... -Q3... -Q4.. . 11 1.0 53.9 66.0 55.4 63. 6 I 1 1 335.3Q AVERAGE AMOUNT OP LOAN (THOUSANDS OP DOLLARS) l 1 9.7 9.4 9.9 12.3 11.9 13.5 13.2 | | | J 18.2 18.2 31.7 17. 4 14.9 13.6 7.2 13.2 10.7 8.8 12.3 14.2 13.0 16.3 | J J | 16. 1 2 2 .8 22.9 25.9 7.9 10 . 1 1 1.2 11.2 12.8 15. 5 14.2 13. 8 18.2 J | | | 27.8 24.7 31.5 44.8 17.9 18.7 15. 8 18.0 i | | | 17.8 18.3 16. 2 19.6 .9 17.2 2 0 .4 1977-Q1... - 0 2 ... -Q3... -Q4... 1 1978-Q1... -Q 2 ... -Q3... -Q4... 10.0 8 .1 8.3 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 23 8 . 1 391.2 287. 5 52.3 50.9 79. 6 59.8 10.3 9.7 9.3 10.3 10.7 9.9 1 2 .1 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 13.5 13.4 19.5 17.4 13.0 10.9 10.3 9.4 20.2 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 2 53.6 237.6 186.6 209.4 76.9 60.3 43.8 65. 1 12.0 11.6 12.0 15. 8 31.7 45.3 25.8 27.5 18.3 13.5 18. 1 13.3 15.3 12.0 11.8 16.2 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 J J * | 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 13. 1 10.3 1 1 .1 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 2 4 5.6 55.0 68.4 15. 6 15.9 1 2 .2 16. 1 | | ) | 42.6 38.2 41.1 43.9 18.8 16.6 15.3 26.0 16.6 18.1 17.5 9.5 2 2 .1 44.7 35.4 43.4 31.8 3.8 3. 7 3. 5 3.9 15.0 14.2 14.5 14.7 45.5 46.4 44.9 4a. 1 296.0 262.5 398.6 333.4 18. 4 9.9 10.3 10.0 1 1979-Q1... - 0 2 ... -Q3... -Q4... 10.2 11.7 12.6 7.6 9.0 J 1980-Q1... -Q2 .•• -03... -Q4.,.. 11.8 8.8 13. 1 19.0 16.3 1 198 1-Q1-... -Q 2 ... -Q3... -Q4... 86.2 85.0 1 1982-Q1... -Q2 ... -03... -04... 21 21.6 12.1 13.6 12.7 111.1 72.0 111.3 102.7 __ 1__ "LARGE SINKS" ABE BANKS IN SURVEY STBATA 1-3, CORRESPONDING APPROXIMATELY 10 BANKS WITH OVER $400 MILLION IN TOTAL ASSETS AS OP JUNE 1982. FOR ADDITIONAL INFORMATION, SEE NOTES TO STATISTICAL RELEASE E.2, PEDESAL BESEBVE BOARD. 15.4 13. 1 13.7 16.4 40 LAND VALUE AND CREDIT CONDITIONS SURVEY, SEVENTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF CHICAGO TABLE 341.IQ FARM NON-REAL-ESTATE LENDING EXPERIENCE DURING THE PRECEDING QUARTER, COMPARED WITH A YEAR EARLIER PERCENTAGE OF BANKS REPORTING DATE OF SURVEY J | | DEMAND FOR LOANS LONER SAME HIGHER FOND AVAILABILITY LON ER SAME HIGHER LOAN REPAYMENT RATE LONER SAME HIGHER 1 1 1 RENENALS OR EXTENSIONS LONER SAME HIGHER COLLATERAL REQUIRED LONER SAME HIGHER | 1 1 1970-Q1...| -Q 2 -- | -Q3. .. | -Q4... | 18. 17. 10. 13. 47. 50. 45. 51. 35. 33. 45. 37. 33. 29. 25. 13. 54. 58. 61. 64. 13. 13. 14. 23. 8. 10. 68. 24. 13. 13. 70. 75. 79. 20. 11. 8. 1971-Q1...| -Q2. .. | -Q3. .. | -Q4...J 19. «2 . 8. 9. 48. 42. 40. 48. 33. 46. 52. 44. 10. 8. 8. 53. 45. 46. 54. 37. 47. 46. 39. . 27. 24. 20. 16. 65. 68. 70. 74. 8. 8. 10. 10. 1972-Q1... J -Q2. .. 1 -Q3... 1 -Q4... | 16. 10. 9. 9. 47. 44. 48. 48. 37. 46. 44. 43. 50. 54. 47. 50. 12. 6. 5. 3. 70. 72. 76. 74. 22. 20. 4. 44. 41. 45. 45. 1973-Q1...| -Q 2 ... 1 -Q3... J -Q4... | 12. 10. 1 1 . 45. 32. 34. 36. 42. 58. 55. 50. 5. 10. 15. 27. 53. 42. 47. 47. 42. 47. 38. 27. . 9. 7. ' 6. 54. 57. 66. 65. 24. 34. 27. 30. 7. 1 14. 6. 5. 8. 22 18. 23. 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 18. 18. 10. 9. 62. 65. 71. 74. 20. 17. 1 1 1 0 7. 7. 7. 9. 59. 63. 67. 72. 34. 30. 26. 19. 0. 1. 1. 2. 83. 79. 86. 86. 16. 17. 19. 20. 69. 73. 74. 72. 15. 10. 7. 8. 1. 1 . 2. 1. 87. 88. 91. 92. . 30. 23. 28. 52. 56. 65. 64. 26. 14. 12. 8. 1. 2. 3. 2. 93. 88. 86. 84. 6. 10. 1 1. 43. 41. 13. 11. 47. 47. 57. 58. 10. 12. 30. 32. 4. 3. 1. 1. 82. 83. 76. 67. 14. 14. 23. 33. 14. 7. 11. 19. 45. 42. 56. 62. 41. 51. 33. 19. 1. 1. 0. 1. 69. 71. 78. 81. 30. 29. 22. 18. 20. 57. 58. 67. 68. 23. 26. 17. 20. 1. 1. 1. 1. 83. 81. 83. 85. 16. 18. 17. 14. 4. 3. 56. 56. 51. 41. 34. 34. 45. 56. 1. 0. 0. 0. 83. 83. 80. 73. 16. 17. 19. 26. 5. 7. 9. 9. 40. 42. 57. 60. 56. 52. 34. 31. 0. 0. 0. 0. 77. 71. 76. 75. 23. 29. 24. 25. 14. 11. 10. 10. 56. 52. 63. 64. 30. 37. 27. 27. 1. 0. 0. 0 .. 75. 69. 74. 67. 24. 31. 26. 33.. 10. 6. 9. 16. 53. 33. 45. 55. 38. 61. 45. 28. 0. 1. 0. 0. 67. 42. 62. 71. 33. 57. 38. 29. 26. 17. 6. 3. 49. 51. 50. 38. 25. 32. 43. 58. 0. 1. 0. 0. 75. 71. 68. 62. 24. 28. 32. 38. 6. 3. 3. 2. 30. 26. 30. 29. 65. 72. 67. 69. 0. 56. 44. 45. 42. 44. 56. 55. 57. 22 17. 20. . . . . 74. 76. 78. 81. 25. 23. . 19. 21 17. 20. 13. 12. . 13. 11. 8. 7. 14. I 1974-Q1...| -Q2. .. j -Q3... | -Q4... J 2 1. 20. 14. . 20 33. 33. 31. 33. 46. 47. 56. 46. 16. 11. 32. 45. 43. 45. 47. 41. 41. 44. 21. 14. 6. 8. 27. 28. 46 . 49. 59. 59. 48. 43. 14. 13. 1 1 1 1 I 29. . 14. 10. 43. 49. 51. 49. 28. 29. 35. 41. 37. 4 4. 30. 15. 46. 48. 60. 64. 17. 8. 10. ?1 . 49. 51. 55. 50. 11. 11. 48. 48. 48. 49. 41. 41. 43. 38. . 21 . 18. 14. 19. 59. 64. 69. 69. 21 34. 27. 26. 30. 58. 67. 72 . 65. 12. 42. 33. 28. 14. 28. 30. 40. 52. 62. 61. 55. 45. 10. 17. 25. 37. 46. 50. 47. 49. 1975-Q1...J -Q2... | -Q3. .. J -Q4... | 25. 19. 13. 14. 28. 29. 32. 40. 47. 52. 55. 46. 1976-Q1...| -Q2... J -Q3... J -Q4...| 15. 10. 8. 10. 36. 39. 37. 40. I977-Q1... | -Q2... | 8. 6. -Q4...1 3. 4. 22 9. 13. . 18. 16. 12. 9. . 4. 6 1978-Q1...| -Q2... 1 -Q3... 1 -Q4. .. J 10. 10. 9. 5. 33. 28. 34. 33. 57. 62. 57. 62. 31. 38. 41. 48. 51. 45. 45. 40. 18. 17. 14. 1 2 .. 50. 46. 29. 28. 42. 45. 61. 61. 10. 12. 9. 9. 1979— Qt• 1 -Q2... | -Q3...I -Q4.••| 16. 1 1. 1 1 . 13. 33. 23. 31. 34. 51. 67. 58. 54. 50. 60. 50. 49. 38. 30. 39. 40. 12. 11. 11. 11. 26. 30. 22. 21. 56. 55. 65. 69. 18. 15. 13. 10. 1980-Q1. .. | -Q2... | -Q3.•• | -Q4... | 30. 47. 56. 48. 29. 22. 22. 32. 41. 32. 21. 20. 45. 58. 23. 12. 43. 36. 47. 45. 12. 7. 30. 43. 33. 58. 44. 25. 55. 33. 43. 55. 12. 20. 1981-Q1... J -Q2...| -Q3. .. I -Q4...J 63. 49. 42. 52. 24. 31. 32. 29. 13. 19. 27. 18. 10. 8. 18. 16. 38. 42. 43. 45. 53. 49. 39. 39. 22. 29. 38. 52. 42. 52. 53. 42. 36. 19. 8. 6. 1982-Q1. .. | -Q2. | -Q3. .. | -Q4. .. | 53. 50. 42. 38. 28. 24. 31. 36. 19. 26. 27. 26. 8. 9. 8. 9. 48. 47. 48. 46. 44. 43. 44. 45. 60. 68. 62. 66. 31. 29. 35. 32. 9. 4. 3. 2. 1 1 1 1 1 1 1 1 ! 1 1 1 1 1 1 1 1 1 1 17, 16. 12. 10. 10. i 12. 1 1 1 1 1 1 9. J 1 1 1 1 1 1 1 1 1 1 1 1 _1_ 0. 0. 1. LAND VALUE AMD CBEDIT CONDITIONS SUBVBY, SEVENTH FEDERAL RESERVE DISTRICT-FEDERAL RESERVE BANK OF CHICAGO TABLE 341. 2Q FABH NON-BEAL-ESTATE LOAN VOLUME EXPECTED DOBING THE COBBENT QUARTER, COMPARED KITH VOLUME OF LOANS MADE A YEAR EARLIER PERCENTAGE OF BANKS REPORTING TOTAL | | LONER SAME HIGHER i~ i 1970-Q2...| 8. 60. 32. “ Q3... | 13. 59. 29. ~Q4.•> J 1 0 . 61. 29. 1 DATE OF SURVEY 1971-Q1...J -Q 2 . .. t -Q3... 1 “Q4...1 9. 6. 7. 7. FEEDER CATTLE DAIRY CROP STORAGE OPERATING FARM MACHINERY LONER SAME HIGHER LONEB SAME HIGHER LONER SAME HIGHER LONER SAME HIGHER LONER SAME HIGHER 19. 19. 27. 56. 58. 51. 25. 23. 23. 23. *** *** 69. *** *** 8. *** *** *** *** 15. *** *** 54. *** *** 31. 8. 10. 9. 49. 52. 57. 44. 38. 34. 32. 18. 13. 58. 65. 66. 48. 9. 13. 17. 39. *** *** *** *** *** *** *** *** *** *** *** *** 14. *** *** 6. 57.. *** *** 53. 29. *** *** 41. 6. 5. 9. 8. 47. 34. 48. 59 . 46. 60. 44. 33. 10. 63. *** *** 60. 24. *** *** 28. 10. 42. 51. 35. 26. 11 52. 66. 52. 39. 55. 52. 56. 52. 36. 42. 37. 41. 38. 46. 33. 40. 13. 16. 18. 19. 60. 59. 50. 43. 27. 24. 32. 38. 13. 14. *** *** 76. 72. *** *** 14. *** *** 13. *»* *** 12. 22. 30. 32. 29. 44. 45. 49. 22. 34. 26. 49. 47. 57. 58. 17. 27. 23. 28. 9. 54. 51. 60. 47. 35. 42. 30. 44. 8. 5. 9. 12. 39. 26. 39. 30. 53. 69. 53. 58. 15. 56. 64. 42. 40. 20. 14. 25. 23. 1972-Q1... J -Q 2 ... | “ Q3...1 “04... J 10. 6. 7. 10. 53. 48. 60’ . 50. 18. 48. 42. 55. 56. 1973-Ql. •• | -Q2 ...J -C3. . | . -Q4...I 12. 8. 10. 22. 42. 31. 46. 35. 46. 61. 45. 42. 15. 23. 38. 28. 55. 43. 38. 40. 30. 34. 24. 32. 14. 15. 24. 23. 73. 66. 60. 61. 13. 19. 16. 16. 18. 16. 12. 10. 61. 60. 50. 44. 21 . 23. 38. 46. 11 . 7. 9. 21. 36. 27. 39. 41. 1974-Q1. .. J “Q2 ... j “Q3... 1 -Q4...| 22. 11. 42. 59. 44. 36. 37. 53. 59. 67. 40. 35. 33. 26. 23. 12. 8. 7. 22. 24. 27. 37. 60. 59. 62. 51. 17. 17. 11. 11. 20. 16. 28. 36. 30. 40. 36. 17. 14. 16. 50. 57. 57. 43. 29. 26. 30. 41. 16. 7. 6. 12. 28. 19. 28. 30. 58. 25. 28. 28. 37. 36. 1975-Q1...| -Q2 . . . 1 -Q3... | “ Q4a •• I 23. 14. 14. 21. 29. 30. 43. 43. 48. 55. 43. 35. 73. 58. 36. 28. 22. 44. 33. 25. 27. 48. 56. 66. 64. 8. 11. 9. 9 . 23. 23. 17. 14. 47. 53. 57. 53. 30. 24. 27. 32. 9. 4. 7. 18. 21 33. 42. 42. 5. 9. 22. 30. . 18. 32. 42. 70. 78. 61. 40. 25. 28. 26. 15. 35. 36. 40. 40. 39. 36. 34. 45. 1976-Q1...1 -Q2. .. J -03... | -Q4... J 13. 8. 9. 10. 43. 39. 46. 42. 44. 53. 45. 48. 21. 27. 36. 41. 51. 52. 50. 45. 28. 21. 14. 14. 23. 22. 26. 23. 66. 65. 61. 65. 11. 13. 13. 1 1. 14. 17. 16. 12. 53. 57. 55. 50. 33. 25. 29. 38. 9. 7. 7. 8. 36. 31. 38. 40. 55. 62. 56. 52. 12. 1 ! . 12. 16. 43. 38. 45. 41. 45. 51. 43. 43. 1977-QI... i -Q2 . .. i -Q3. .. | “Q4... | 7. 4. 7. 11. 38. 32. 36. 31. 56. 64. 57. 57. 22. 24. 16. 20. 37. 20. 21. 17. 18. 67. 62. 71 . 69. 13. 18. 12. 12. 11 31. 25. 13. 54. 53. 54. 50. . 14. 12. 11. 50. 54. 44. 26. 38. 32. 44. 63. 4. 2. 4. 9. 31. 2 1. 29. 30. 65. 77. 66. 61. 16. 14. 30. 55. 41. 39. 39. 30. 43. 48. 30. 15. 1978-Q1...| -Q 2 . .. j -Q3... 1 -Q4. .. | 10. 8. 10. 11. 39. 29. 45. 40. 51. 63. 45. 49. . 14. 13. 18. 17. 55. 46. 50. 40. 30. 41. 31. 44. 16. 15. 15. 17. 73. 67. 73. 68. 11 . 18. 16. 17. 13. 12. 45. 55. 57. 40. 39. 28. 29. 48. 8. 31. 23. 38. 40. 61. 71. 53. 47. 4 5. 35. 26. 20. 37. 34. 44. 43., 18. 31. 30. 37. 1979— Ql...j -Q2 ... 1 “03. ..J — Q4 ••. J 19. 10. 16. 22. 39. 32. 39. 38. 42. 58. 45. 40. 26. 26. 31. 29. 40. 40. 48. 40. 34. 34. 21. 30. . 17. 18. 21. 68. 12. 65. 70. 67. 20. 20. 25. 23. 55. 55. 57. 52. 25. 25. 18. 26. 7. 8. 15. 35. 25. 36. 34. 54. 68. 57. 5.. 0. 25. 17. 12. 11. 41. 35. 42. 37. 35. 48. 36. 35. 1980-Q1...J -Q2 ... 1 -Q3... i -Q4... 1 26. 54. 42. 35. 33. 18. 36. 41. 41. 28. 22. 24. 35. 70. 42. 32. 47. 26. 49. 51. 18. 4. 9. 16. 28. 41. 28. 22. 64. 53. 65. 70. 7. 9. 23. 49. 36. 32. 48. 33. 51. c n 29. 18. 13. 18. 14. 31. 20. 21. 26. 20. 33. 45. 60. 49. 47. 34. 73. 45. 35. 9 . 21. 33. 23. 4 . 7. 22. 1981-Q1...J 43. -Q 2 ... | 27. -Q3...1 36. “Q4...| 44. I 1982-Q1. . | 38. . “ 0 2 ... 1 38. -Q3* •• 1 39. -Q4. . i 33. . 37. 41. 40. 33. 20. 32. 24. 23. 51. 57. 56. 60. 45. 40. 37. 34. 4. 3. 7. 7. 32. 27. 31. 36. 60. 64. 62. 59. 8. 9. 7. 5. 40. 35. 38. 31. 46. 52. 45. 39. 14. 13. 16. 30. 25. 13. 18. 23. 33. 30. 32. 34. 42. 57. 50. 42. 49. 46. 56. 70. 32. 36. 32. 24. 11. 6. 36. 35. 42. 43. 26. 27. 18. 24. 57. 45. 44. 30. 38. 47. 48. 53. 5. 8. 8. 31. 30. 33. 29. 62. 61. 61. 65. 7. 9 . 5. 6. 32. 30. 25. 13. 39. 40. 42. 31. 29. 30. 33. 55. 16. 17. 17. 20. 30. 29. 37. 38 . 54. 54. 46. 42. 69. 73. 74. 71. 25. 23. 22. 24. 6. 3. 4. 5 . 17. 21 12. 15. 18. 8. 6. L_ 7. 10. 7. 9. 13. 10. 56. 74. 66. . 7. 10. 8. 22. 22. 28. 41. 86. 18. 18. 42 i o ( o o 1 LAND VALOE AND -CREDIT CONDITIONS SOBVEI# SBVENTH FEDERAL BESEBVE DISTBICT— FEDEBA BESEBVE BANK OF CHICAGO TABLE 341.3Q TJ^BLB 341.4Q LOAN/DEPOSIT BATIOS TYPICAL INTEBEST RATES CHARGED ON FABH LOANS (AVERAGE# PEB CENT) JPEBCENTAGE OF BANKS BEPOBTING AVEBAGE | THAT LOAN/DEPOSIT BATIO IS— BEAL ESTATE FEEDBB CATTLE OPERATING DATE OF | DATE OF |LOAN/DEPOSIT1 LOANS LOANS SURVEY | LOANS SURVEY | BATIO | LOWER HIGHEB 1 (PEB CENT) J THAN DESIBABLE THAN I 1 DBSXBED DBSIBBD ***** ***** 1967— Q 1 • • | . 6.42 1 ***** ***** 6.41 -Q2 ...I 1970-Q1...J 55. 49. 1 23. 28. ***** ***** 6.39 -Q3. .. | -Q 2 . .. I | 25. 55. 47. 28. ***** ***** -Q4... | 6.42 -Q3... | 56. 46. J 17. 37. *** | *** *** *** -Q4...| ***** ***** 1968-Q1...| 6.52 1 ***** ***** 6.67 -Q 2 ... | j *** *** *** 1971-Q1...| *** ***** ***** 6.85 -Q3... | 54. -Q2 #•.J | 44. 41. 15. ***** ***** 6.86 “Q4... ) 55. 1 47. -Q3... | 35. 18. 55. -Q4. •• | | 45. 38. 17.. ***** ***** 6.85 1969— Q 1 .• | . ***** ***** 7.04 -Q 2 ... | 54. 1972-Q1...| I 46. 36. 17. ***** ***** 7. 19 — Q3.•• | 54. -Q2...| 1 52. 34. 14. ***** ***** 7.47 -Q4... | 55. | 49. -Q3... | 32. 19. 1 -Q4... | 55. j S3. 31. 14. ***** 7.81 1970-Q1...| 7.59 1 ***** ***** 7.73 -Q2... | 1973-Q1... | 54. I 51. 32. 17. ***** 8.00 7.78 “ Q3...| 54. -Q2... | 17. 1 51. 32. ***** ***** 7.81 -Q4... | -Q3...I 55. | 45. 34. 20. -Q4... | 56. 37. 1 41. 22. ***** 8.03 1971-Q1... | 7.81 ***** 7. 76 7.58 -Q 2 ... | 1974-Q1... J 55. I 48. 32. 20. ***** 7. 70 7.57 -Q3. .. | -Q2... | 54. I 52. 31. 17. ***** 7.74 7.57 -Q4. .. J -Q3...J 58. | 36. 37. 27. i -Q4. .. | 57. I 30. 38. 32. ***** 7. 69 7.54 1972-Q1...| 1 ***** 7. 62 -Q 2 . .. | 7.46 1975-Ql... | 57. i 32. 36. 32. ***** 7. 61 7.44 -03... I -Q2... J 56. | 35. 37. 28. ***** 7.64 7.47 -Q3...J 56. I 39. 39. 22. i 57. -Q4... 1 | 42. 36. 2 2 .. ***** 7.67 7.52 1973-Q1 •• | . ***** 7. 71 7.55 -Q 2 ... | 1976-Qt...| 57. | 42. 34. 23. ***** 7.81 7.6-9 “03... | -Q 2 ... | 56. | 44. 36. 20. ***** 8 . 35 8.27 -Q4...I -Q3...| 57. i 43. 33. 24. -Q4. .. J 59. 34. 1 41. 25. ***** 8.50 8.28 1974-Q1...1 ***** 8.39 8.30 -Q 2 . •• | 1977-Q1...| 59. I 39. 35. 26. ***** 8 . 60 8 .60 -Q3...I -Q 2 .•• | 59. i 35. 37. 28. ***** 9. 06 9.05 -04... | 61. -Q3. .. | I 32. 30. 38. 1 64. -Q4... | 32. 46. 1 22. ***** 9.04 8.95 1975-Q1... | 1 ***** 8 . 94 8.84 -Q2 . •* | 1978-Q1... | 62. | 27. 32. 41. ***** 8 . 89 8.76 -Q3... | - 0 2 ...| 64. 1 23. 33. 44. 8.96 8.90 8.81 -Q4. .. | 64. -Q3... | | 22. 33. 46. -Q4. •• | 66. 1 19. 28. 52. 8 . 97 8.80 8.89 1976-Q1...| i 8 . 95 8.74 8.85 ' - 0 2 ... | 1979-Ql...| 65. 33. I 17. 50. 8.88 8 ., 5 9 8.79 -Q3... | -Q 2 ... | 67. 27. I 15. 58. 8.87 8 . 96 8.76 -Q4...I -Q3... J 67. 31. 1 14. 55. -Q4... | 68. | 15. 33. 52. 8.92 8.83 8.71 1977-Q1...| 8.91 8.71 8.82 —Q2 . .. j 1980-Q1...| 66. J 16. 36. 48. 8 . 93 8.84 -Q3. .. | 8.74 -Q2 .• • | 66. 38. 51. 1 11. 8 . 97 8.89 8.79 -04. .. | -Q3... | 65. 40. I 29. 31. -Q4. .. | | 40. 62. 39. 21. 9.00 8.91 8 . 85 1978-Q1...| 9.07 9.00 8.90 -Q2 ... | 1981-Q1... | 61. | 42. 38. 20. 9.30 9. 12 9.21 -03. .. | -Q 2 . •• | 60. 36. 17. 1 47. 9.50 9. 61 9.40 -Q4... | -Q3... | 61. 1 42. 38. 20. 61. | 42. 37. 21. 10.25 1 0 .2 0 10. 14 1979-Q1...| 10. 47 10.54 -Q 2 ... | 10.46 1982—Ql. •• | 58. I 56. 28. 17. 10. 83 1 0 .82 10.91 -03... | -Q2 . .. | 58. 27. 1 55. 18. 11 41 . 11. 67 1 1.73 -04... J -Q3... | 57. 1 55. 31. 14. 58. I 55. 30. 15. 13.57 13.02 1980-Q1...| 13.52 J_____ 16. 17 17.12 17.13 - 0 2 ... | 13.47 14.01 13.98 -Q3. •• ) 13. 71 14.26 14.31 -04. .. | 1981-Q1. ..| - 0 2 ... | -Q3. •• | -Q4... | 17.34 '6 . 53 17.74 18.56 17.39 16.55 17.78 18.57 15. 73 15.38 16. 39 17. 47 1982-Q1. .. | -Q2 ... | -Q3. •. | “Q4. ..J __ 1__ 16.94 17.30 17. 19 15. 56 16.98 17.34 17.24 15.61 16. 5 » f 16. 76 16. 73 15. 56 43 LAND VALUE AND CREDIT CONDITIONS SURVEY, SEVENTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF CHICAGO TABLE 3 4 1 .5Q TR E N D S IN FARM REAL ESTATE VALUES AND LOAN VOLUME MARKET VALUE OF GOOD FARMLAND 1 1 DATE OF | P E R C E N T A G E C H ANGE P E R C E N T A G E OF BANKS EXPECTING SURVEY 1 FROM P R E V I O U S — TRE N D DURING THE CURRENT Q U ARTER TO B E — 1 YEAR 1 QUARTER DOWN STABLE OP 1_ J **** **** *** *** *** 1962-Q1. ...| 1. 4. 6. 75. -Q2... I 19. **** **** *** *** *** -Q3...| 0. 10. -Q4. .. | 1. 81. 10. PERCEN T A G E OF BANKS EXPECTING FA R M R E A L ESTATE L O A N VOLUME D U RING THE C U R R E N T QUARTER, AS COM P A R E D KITH VOLUME MADE A YEAR EARLIER, TO BE— LOHER SAME HIGHER *** *** *** *** *** *** *** *** *** *** **♦ *** 1963-Q1... | -Q2...J -Q3... | -Q4. .. | 1. 0. 2. 1. **** 1. 3. 3. 4. 5. 3. 5. 76. 71. 74. 59. 20. 24. 23. 36. *** *** *** *** *** *** *** *** *** . *** *** *** 1964-Q1. . . | -Q2... | -Q3... 1 -Q4... | 1. 1. 1. 2. 3. 4. 3. 4. 2. 1. 2. 1. 61. 58. 61. 54. 37. 41. 37. 45. *** *** *** *** *** *** *** *** *** *** *** *** 1965-Q1. .. -Q2... -Q3. ». -Q4... | I J | 1. 2. 1. 2. 5. 6. 5. 7. 1. 1. 0. 1. 45. 39. 42. 24. 54. 60. 58. 75. *** *** 2. *** *** *** 73. *** *** *** 25. *** 1966-Q1.. . | -Q2...1 -Q3. . . 1 -Q4... | 2. 4. 1. 3. 8. 10. 9. 9. 0. 0. 1. 1. 26. 17. 28. 34. 74. 83. 71. 65. 3. *** *** 4. 67. *** *** 64. 30. *** *** 33. 1967-Q1.. . | -Q2. .. 1 -Q3« . . | “ Q4... 1 2. 2. 1. 2. 8. 7. 5. 6. 1. 1. 1. 2. 42. 44. 51. 45. 57. 56. 48. 53. *** *** 8. 13. *** *** 76. 72. *** *** 15. 15. 1968-Q1... | -Q2... f -Q3... 1 - Q 4 ---J 2. 2. 0. 1. 6. 6. 6. 3. 8. 8. 6. 13. 59. 56. 58. 59. 33. 36. 35. 28. *** *** 27. 28. *** *** 63. 62. *** *** 11. 10. 1969-Q1.. . J -Q2. .. 1 “ Q3. .. 1 -Q4... I 2. 1. 2. 0. 5. 3. 4. 4. . 8. 14. 12. 20. 68. 62. 66. 66. 24. 24. 22. 14. 12. *** *** 44. 81. *** *** 50. 7. *** *** 5. 1970-Q1... | “ Q2...| -Q3...1 -Q4. • . | 0. 1. 0. 0. 4. 1. -1. 0. 22. 21. 15. 17. 64. 68. 78. 72. 14. 11. 8. 11. 41. *** 35. 31. 52. *** 60. 59. 8. *** 5. 10. 1971-Q1... -Q2... -Q3... -Q4... | | | I 1. ». 2. 1. 1. 2. 3. 4. 14. 6. 1. 3. 75. 80. 83. 81. 11. 14. 16. 16. 28. 17. 13. 9. 6 3. 68. 75. 76. 9. 15. 11. 15. 1972— Q 1* . • | -Q2...| -Q3... 1 -24...| 1. 1. 2. 3. 4. 4. 3. 6. 3. 1. 0. 1. 75. 65. 66. 47. 22. 34. 34. 52. 1 .. 8. 10. 8. 72. 70. 72. 67. 17. 23. 18. 25. 19 7 3 - Q l . . . | -22... J -23... 1 -24... | 2. 6. 4. 8. 7. 11. 13. 17. 1. 0. 1. 1. 52. 44. 43. 43. 47. 56. 56. 56. 8. 7. 12. 17. 70. 61. 63. 62. 22. 32. 25. 21. 1974-Q1... | -22... | -23... | -24...| 5. 12. 3. 8. 24. 34. 29. 25. 2. 3. 8. 5. 52. 53. 67. 66. 46. 44. 25. 29. 17. 11. 26. 3 5. 64. 62. 61. 54. 19. 27. 13. 11. 1975-Q1. • • | -22... | -23...| -24... | 3. 2. 4. 9. 23. 14. 15. 17. 9. 8. 6. 1. 77. 79. 81. 56. 14. 13. 13. 43. 34. 2 6. 23. 20. 56. 62. 68. 68. 9. 12. 9. 12. 1976-Q1... | -22... 1 -Q3...1 -24... 1 7. 7. 6. 8. 22. 27. 30. 29. 3. 1. 1. 2. 68. 67. 58. 55. 29. 31. 41. 43. 15. 1 1. 17. 15. 73. 71. 65. 67. 13. 18. 18. 19. 197 7 - Q 1 . . . | -22... | -23... 1 -24. ..j 1 1978-Q1... | -22... | -23. ..j -24... 1 5. 8. 4. -1. 28. 30. 30. 18. 2. 1. 9. 34. 61. 51. 65. 56. 37. 48. 26. 10. 16. 12. 18. 36. 64. 65. 66. 56. 20. 23. 16. 8. 2. 4. 4. 4. 13. 7. 8. 15. 15. 6. 3. 3. 74. 71. 74. 69. 10. 23. 23. 28. 31. 25. 2 5. 2 9. 61. 63. 64. 62. 8. 13. 10. 9. 3. 2. 3. 6. 17. 16. 13. 17. 2. 3. 2. 3. 70. 62. 65. 56. 28. 35. 33. 41. 35. 31. 29. 37. 58. 59. 62. 57. 7. 10. 9. 6. -2. -2. 2. 5. 14. 9. 3. 3. 4. 47. 20. 5. 70. 50. 73. 66. 26. 4. 7. 29. 46. 74. 56. 40. 51. 25. 42. 56. 2. 1. 2. 4. 4. 2. 1. 1. 7. 10. 14. 9. 4. 3. 8. 28. 62. 71. 78. 68. 33. 26. 14. 4. 43. 35. 49. 60. 54. 61. 50. 38. 3. 4. 1. 2. -3. -4. -3. -5. 1. -6. -10. - 15. 43. 59. 53. -66. 56. 4 1. 46. 34. 1. 0. 0. 1. 53. 59. 59. 57. 44. 38. 39. 41. 3. 3. 3. 2. 197 9 - Q 1 . . . | -22. .. | -23... | -24... I I 1980-Q1...1 -Q2... | -Q3... | -24. .. | 1 1981-Ql... | -G2... 1 -Q3. .. 1 -24...J 1 1982-Q1... | -22... | -23...1 -24... J 1_ 44 SURVEY OP CURRENT AGRICULTURAL CREDIT CONDITIONS, NINTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE TABLE 3 4 2 . IQ BANK OF MINNEAPOLIS C U R R E N T FARM L E N D I N G EXP E R I E N C E P E R C E N T A G E OF B A N K S R E P O R T I N G P R O P O R T I O N OF FARM C U S T OMERS L O A N E D UP TO THEIR P R A C T I C A L C U R R E N T EXPERI E N C E COM P A R E D WITH USUAL C O N D I T I O N S DATE OF SURVEY DEJAND F O R NON-REAL-ESTATE LOANS S HORT-TERM I 1_ SAME HIGHER J LOWER I 1964-Q1... J 25. 66. 9. -Q2...I 7. 76. 17. -Q3. • • | 17. 15. 68. 71. 16. 13. -Q4... 1 I N T E R M E D I A T E -TERM LOWER SAME HIGHER DEBT REPAYMENT D E MAND F OR DEBT E X T ENSION OR REFINANCING LOWER SAMI HIGHER WITH A. YEAR SLOW " usual "rapid EARL I E R LOWER _ SAME. .HIGHER *** *** *** *** *** *** *** *** *** *** *** *** *** *** 5. 9. *** *** 52. 53. *** *** 43. 38. 28. 23. 34. 27. 62. 76. 66. 71. 10. 1. 0. 2. 12. 15. 15. 6. 5 a. 45. 43. 54. 29. 40. 42. 40. 8. 7. 3. 17. 57. 60. 69. 78. 35. 33. 28. 5. *** *** *** **♦ *** *** *** *** *** *** *** *** 2. 2. 11. 21. 38. 43. 62. 63. 60. 55. 27. *16. 53. 46. 26. 11. 46. 52. 70. 75. 1. 2. 4. 14. 4. 7. 8. 25. 53. 53. 60. 63. 43. 40. 32. 12. 1966— Q l . • • | -Q2...I -Q3... | -Q4...| 9. 6. *** 10. 70. 78. *** 77. 2 1. 16. *** 13- *** *** *** *** *♦* *** *** *** *** *** *♦* *♦* 20. 15. **♦ 22. 50. 65. *** 68. 30. 20. *** 10. 23. 10. *** 6. 67. 84. *** 80. 10. 6. *** 14.. 20. 16. *** 16. 64. 70. **« 74. 16. 14. *** 10. 1967-Q1...| -Q2. • • | -Q3... | -Q4... | 1 1968-Q1... | -Q2... | -Q3. • • | — Q4. •• | 1 1969— Ql. • • | -Q2... | -Q3. .. J -Q4...1 8. 3. 3. 14. 77. 80. 65. 77. 15. 17. 32. 9. ♦ ** *** *** 7. *** *** *** 87. *♦* *** *** 6. 18. 6. 11. 16. 70. 79. 81. 71. 12. 15. 8. 13. 11. 16. 10. 6. 74. 83. 89. 87. 15. 1. 1. 7. 18. 9. 6. 10. 76. 83. 81. 80. 6. 8. 13. 10. 2. 3. 2. 4. 76. 76. 72. 87. 22. 21. 26. 9. 6. 8. 5. 7. 80. 76. 84. 85. 14. 16. 11. 8. 8« 2. 6. 17. 65. 65. 70. 79. 27. 33. 24. 4. 26. 26. 0. 6. 73. 74. 83. 80. 1. 0. 17. 14. 7. 10. 2. 14. 68. 61. 66. 72. 25. 29. 32. 14. 8. 10. 5. 10. 82. 72. 81. 76. 10. 18. 14. 14. 7. 11. 8. 10. 82. 76. 79. 80. 12. 13. 13. 10. 13. 9. 11. 14. 72. 71. 76. 78. 15. 20. 13. 8. 12. 19. 11. 6. 84. 79. 87. 89. 4. 2. 2. 5. 15. 6. 2. 7. 73. 75. 82. 82. 12. 19. 16. 11. 1970-Q1.. • J -Q2... 1 -Q3... | -Q4... 1 6. 2. 3. 7. 76. 78. 66. 81. 18. 20. 31. 12. 7. 12. 14. 12. 85. 76. 69. 83. 9. 11. 17. 5. 14. 10. 10. 6. 67. 73. 77. 82. 19. 17. 13. 12. 11. 14. 16. 16. 82. 85. 82. 82. 7. 2. 1. 2. 10. 8. 3. 5. 75. 75. 71. 75. 16. 18. 26. 20. 1.971— Ql. •• ] -Q2. . • 1 -Q3. - . 1 -Q4... 1 8. 4. 4. 6. 74. 62. 74. 84. 18. 33. 22. 11. ,5. 12. 5. 9. 79. 75. 87. 79. 6. 13. 8. 12. 6. 4. 3. 9. 58. 71. 85. 83. 36. 25. 12. 8. 38. 25. 19. 9. 59. 75. 81. 87. 4. 0. 1. 3. 3. 3. 3. 6. 69. 69. 75. 81. 29. 28. 22. 13. 1972-Q1...| “ Q2... | -Q3...J -Q4. ..| 6. 2. 2. 11. 79. 85. 84. 81. 15. 13. 13. 7. 5. 2. 5. 5. 85. 85. 85. 85. 10. 13. 10. 10. 10. 4. 5. 16. 74. 81. 87. 79. 15. 15. 8. 5. 18. 12. 7. 2. 77. 86. 92. 86. 6. 2. 1. 12. 12. 9. 9. 17. 76. 79. 83. 79. 12. 12. 7. 4. 1973-Q1... | — Q2. • • | — Q3. ..J -Q4...1 1 1974-Q1. .. | -Q2. • • | -03...j -Q4. . . 1 17. 13. 8. 20. 72. 64. 72. 67. 12. 23. 20. 13. 7. 5. 5. 11. 85. 77. 81. 71. 9. 18. 14. 17. 30. 24. 19. 44. 66. 69. 77. 54. 4. 6. 5. 2. 0. 2. 1. 3. 74. 76. 80. 56. 26. 23. 18. 40. 30. 36. 28. 43. 68. 61. 71. 56. 19. 25. 6. 12. 62. 54. 66. 65. 19. 21. 28. 24. 14. 14. 11. 16. 77. 74. 77. 72. 9. 12. 12. 12. 42. 40. 20. 17. 53. 50. 64. 59. 5. 10. 16. 24. 4. 6. 23. 35. 61. 66. 71. 57. 36. 28. 6. 8. 44. 41. 19. 16. 55. 56. 57. 57. 1. 3. 23. 27. 1975-Q1.. . | -02... | -03... 1 15. 11. 9. 12. 55. 59. 56. 79. 30. 30. 35. 10. 23. 13. 17. 15. 67. 71. 68. 74. 10. 16. 15. 12. 7. 8. 7. 13. 49. 47. 52. 63. 45. 45. 41. 24. 52. 50. 34. 21. 40. 45. 65. 74. 8. 5.' 1. 4. 10. 10. 6. 12. 51. 45. 56. 63. 38. 45. 37. 25. | | | 1 7. 4. 8. 13. 64. 75. 61. 57. 30. 20. 31. 30. 12. 9. 20. 2-3. 73. 78. 70. 63. 15. 13. 9. 14. 4. 4. 5. 1. 58. 54. 61. 51. 38. 42. 34. 47. 31.. 42. 35. 60. 68. 58. 63. 38. 1. 0. 2. 2. 9. 6. 3. 2. 61. 62. 61. 56. 31. 32. 36. 42. 19 7 7 - Q 1 . ■ . | -Q2... | -Q3... | -Q4. • • J 9. 8. 3. 8. 55. 53. 60. 60. 37. 39. 37. 31. 25. 25. 20. 22. 50. 58. 66. 56. 25. 17. 14. 21. 1. 1. 2. 1. 30. 34. 43. 38. 69. 64. 55. 61. 75. 7 5. 62. 74. 25. 25. 38. 26. 0. 1. 0. ~ 0. 2. 1. 1, 2. 44. 49. 45. 47. 55. 51. 55. 52. 1978-Q1... -Q2... -Q3... -Q4... 1 | | | 6. 5. 1. 6. 69. 66. 72. 63. 26. 29. 28. 31. 22. 13. 6. 7. 67. 73. 75. 72. -11. 14. 19. 22. 1. 2. 4. 10. 36. 50. 76. 73. 63. 48. 20. 17. 61. 55. 28. 28. 39. 45. 67. 67. 1. 0. 5. 4. 6. 7. 16. 23. 45. 61. 62. 62. 50. 31. 22. 15. 1979— Ql.. • | - Q 2 . .. J -03... J -04. ..J 3. 1. 4. 6. 70. 69. 54. 43. 28. 30. 42. 51. 9. 8. 6. 9. 76. 71. 67. 65. 15. 21. 27. 26. 13. 10. 11. 5. 71. 76. 69. 58. 16. 14. 19. 37. 21. 18. 20. 46. 71. 72. 77. 52. 8. 10. 3. 2. 30. 28. 18. 8. 61. 60. 56. 63. 8. 13. 26. 28. 1980— Ql• • . | -Q2... | - Q 3 . f t -Q4... | 15. 26. 38. 36. 55. 50. 49. 60. 31. 24. 14. 4. 29. 52. 74. 46. 60. 41. 23. 50. 12. 7. 3. 4. 7. 4. 6. 9. 51. 40. 51. 68. 41. 55. 43. 23. 46. 64. 62. 32. 50. 36. 36. 59. 4. 0. 3. 9. 6. 3. 1. 5. 62. 40. 46. 69. 32. 57. 53. 26. 1981-Q1... | -Q2. .. J -Q3... J -Q4. • . | 58. 33. 31. 35. 39. 57. 55. 60. 3. 10. 13. 5. 71. 56. 59. 64. 28. 41. 39. 33. 1. 3. 2. 3. 8. 7. 6. 4. 61. 56. 5 3. 55. 31. 37. 41. 42. 30. 44. 43. 49. 58. 53. 55. 49. 11. 4. 2. 3. 11. 4. 5. 6. 62. 63. 62. 60. 27. 32. 33. 34. 1982— Q l . .•( -Q2... | -Q3... J -Q4... | 1 31. 31. 17. 23. 54. 52. 62. 62. 14. 17. 21. 15. 61. 65. 59. 59. 33. 29. 34. 33. 7. 6. 7. 8. 3. 3. 4. '. 1 24. 20. 35. 38. 73. 78. 61. 61. 77. 86. 62. 62. 22. 13. 37. 37. 1. 2. 1. 1. 3. 2. 2. 2. 42. 37. 47. 52. 55. 62. 51. 46. 1 o 1965-Q1. .. J -Q2...I -Q3. .. | -Q<»... | 1976-Q1... -02... -03... -04... 1. 3. 2. 1.. AS OF T H E 1981-Q2 (APRIL 1) SURVEY, T H E WORDING OF MANY Q U ESTIONS WAS ALTERFD. THE SURVEY R E SULTS SHOWN ABOVE ARE HIGHLY C O M P A R A B L E TO EARLIER DATA. HOWEVER, BECAUSE T H E C O L U M N H E A D I N G S R E FLECT THE OLD FORM OF THE QUESTIONS, P E RSONS USING OR QUOTING THE L A T E S T R E SULTS SHOULD OB T A I N THE NEW WORDING BY R EQUESTING COPIES OF T H E NEW Q U E S T IONAIRE AND SURV E Y REPORTS (AGRICULTURAL C R E D I T C O N D I T I O N S SURVEY) F R O M THE R E S E A R C H DEPARTMENT, F E D E R A L R E SERVE BANK, MINNEAPOLIS, MN 55480. 45 SURVEY 0 ? CURRENT AGRICULTURAL CREDIT CONDITIONS, NINTH FEDERAL RESERVE D IST R IC T- ■FEDERAL TABLE 3 4 2 .2Q RESE R V E BANK O F M I N NEAPOLIS EXPECTED FARM LOAN DEMAND AND REPA Y M E N T CONDI T I O N S P E R C E N T A G E OF BANKS R E P O R T I N G EXPECTED DEMAND FOR FARM LOANS IN CURR E N T QUARTER, COMPA R E D WITH USUAL C O N D I T I O N S DATE 0? SURVEY N O N - R E A L - E S T A T E L OANS LOW E R SAME - H I G H g R . . HIGH£R_1_.— i LOWER 6. 5. 5. 4. 73. 72. 73. 64. 21. 23. 22. 32. *** *** 4. 1. *** *** 66. 59. *** *** 30. 40. | j | | 2. 3. 9. 20. 49. 47. 74. 68. 49. 50. 17. 12. 1. 1. 14. 28. 44. 51. 69. 53. 54. 48. 17. 19. 1966-Q1... | -Q2... 1 -Q3. . . | “ Q4... J 5. 4. *** 14. 72. 78. *** 72. 23. 18. *** 14. 14. 11. *** 26. 66. 76. *** 64. 20. 13. *** 10. 19 6 7 - Q 1 . . . | -Q2... } -Q3. .. ) — Q4.•• 1 6. 3. 4. »3. 87. 76. 82. 73. 7. 21. 14. 14. 13. 3. 4. 13. 79. 81. 8 r. 74. 1968-Q1. .. | -Q2. .. J “ Q3...I -Q4... j 6. 6, 4. 7. 81. 74. 79. 80. 13. 20. 17. 13. 6. 0. 4. 12. 1 9 6 S - Q 1 . ..1 -Q2... j -Q3. .. 1 — Q4. • . | 6. 4. 8. 10. 82. 75. 75. 79. 12. 2 1. 17. 11. I9 70-Q1... j -Q2. .. j -Q3. .. J “ Q4. • • ! 2. 5. 7. 8. 81. 73. 80. 79. 19 71 - Q 1 . . ■ | -Q2... I " Q3 . ■ • J -Q4... j 5. 3. 2. •9. 1972-Q I. •• | -Q2... | -03... i -Q4...J 1964— Q1...j -Q2... 1 -Q3... | - Q 4 . .. I ADVERSE CHANGE EXPECTED IN FARMERS' ABILITY TO REPAY DEBTS DEBT E X T ENSION OR R E F I N A N C I N G i j J | 1 J | | | 35. 52. 48. 47. 10. 7. *** 5. 8. 16. 9. 13. J | | | 1 J | 1 i 9. 21. 15, 30. 64. 70. 7:9. 71. 30. 30. 17. 17. 1 | | | 30. 35. 27. 28. 11. 5. 7. 11. 75. 75. 82. 79. 14. 20. 11. 10. 14. 20. 21. 15. 17. 23. 14. 13. 7. 6. 7. 8. 76. 78. 78. 71. 17. 15. 15. 20. | | | | 1 | | | | 76. 69. 88. 76. 19. 28. 11. 14. 3. 3. 3. 13. 71. 75. 86. 75. 26. 22. 10. 13. | 4 | | 26. 21. 17. 19. 3. 2. 4. 16. 85. 83. 88. 69. 12. 14. 7. 15. 7. 4. 7. 2 5. 77. 83. 87. 65. 16. 13. 6. 10. 14. 8. 17. 5. 1973-Q1...| -Q2. • • | -Q3. .. J -Q4... | 22. 5. 5. 33. 70. 76. 81. 51. 8. 19. 14. 15. 27. 16. 15. 48. 69. 77. 80. 44. 4. 8. 5. 8. 1974-Q1... -Q2. .. -Q3... -Q4... 36. 14. 9. 11. 59. 62. 63. 53. 6. 24. 28. 35. 46. 27. 6. 11. 50. 63. 66. 47. 4. 10. 28. 42. -Q3... J -Q4... 1 20. IQ. 7. 12. 51. 49. 70. 72. 29. 41. 23. 16. 17. 8. 4. 10. 38. 44. 71. 65. 45. 48. 25. 25. | | | J I J | J 1 1 1 1 j | 1 I | | | 62. 63. 31. 20. 1976-Q1... 1 -Q2... | -03.#. J -Q4...I -4. 3. 9. 7. 70. 78. 65. 51. 27. 19. 26. 42. 1. 3. 5. 1. 62. 75. 55. 29. 36. 22. 40. 71. | | | J 29. 34. 58. 70, 1.977— Ql. • • | -Q2...J -Q3... | — Q4. • • | 10. 7. 8. 3. 46. 46. 61. 56. 44. 46. 31. 41. 1. 1. 5. 0. 21. 39. 41. 34. 79. 60. 54. 66. 73. 66. 60. 58. 1978-Q1. .. -Q2. .. -Q3... -Q4... 1 | J 1 7. 3. 4. 12. 59. 58. 69. 64. 34. 39. 27. 24. 2. 2. 10. 20. 47. <64. 76. 62. 51. 35. 14. 19. | | J | 1 | | | | 48. 33. 12. 20. 1979-Q1...| — Q2. •• | -Q3. . . J -04... I i 1980-Q1... | -Q2... 1 — Q3. • • | -Q4... | 3. 3. 3. 9. 77. 66. 63. 48. 20. 30. 34. 43. 10. 8. 8. 10. 76. 76. 73. 43. 14. 17. 19. 47. | J | J 9. 15. 24. 34. 17. 18. 27. 21. 54. 45. 56. 67. 30. 38. 16. 12. 6. 9. 7. 16. 56. 38. 54. 63. 38. 53. 39. 21. 46. 83. 69. 29. 45. 11. 22. 27. 46. 73. 63. 57. 9. 16. 16. 17. 14. 7. 8. 4. 51. 60. 62. 43. 35. 33. 30. 53. J | | | 1 | | | J 35. 37. 32. 58. ?. 13. 7. 19. 54. 60. 75. 59. 25. 27. 18. 21. 4. 4. 5. 3. 21. 26. 52. 32. 75. 70. 43. 65. J 1 4 | 67. 55. 44. 61. 1965-Q1. .. — Q2.•• -Q3... “ Q4... | | | ) 1S75-Q1...I 1981-Q1...| -Q2... j -Q3...1 -Q4... 1 1 1982— Ql... 1 -Q2...| -Q3... | “ Q4... 1 2 48. 32. 23. 22. 17. 15. 17. 19. 5. 3. 9. 6. 9m 24. 59. 56. AS OF THE 1981-Q2 (APRIL 1 SURVEY, T H E WORDING OF MANY Q U E S T I O N S WAS ALTERED. ) T HE SURVEY RESULTS SHOWN ABO V E ARE H I GHLY C O M P A R A B L E TO EARLIER DATA. HOWEVER, BECAUSE T HE C O L U M N HEADINGS R E F L E C T T HE O ID FORM OF THE QUESTIONS, PERSONS USING OR QUOTING T H E LATEST RESULTS SHOULD OBTAIN T H E NEW WORDING BY REQ U E S T I N G C O P I E S OF T H E NEW QUES T I O N A I R E AND SURVEY R E PORTS (AGRICULTURAL CR E D I T C O N D I T I O N S SURVEY) FROM THE R E SEARCH DEPARTMENT, FED ERAL RES E R V E BANK, MINNEAPOLIS, HN 55480. 46 SURVEY OP CURRENT AGBICULTURAX CREDIT CONDITIONS, NINTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OP MINNEAPOLIS TABLE 3 4 2 .3Q A V E R A G E L C A N / D E P O S I T R A TIO, AND P E R C E N T A G E OP BANKS REPO R T I N G OTHER CON D I T I O N S T HAT REFLECT R E L A T I V E C R E D I T AVA I L A B I L I T Y |EXPECT PROBLEMS! NUMBER OF PA R M LOAN R E Q U E S T S R E F E R R E D TO — |REP U S ED OR | I I | LOAN/DEPOSIT RATIO IS— | R E D U C E D A JACTIVELY! IN MEETING 1 ) | C O R R E S P O N D E N T BANKS P A R M LOAN |S E EKING | N O NBANK A G ENCIES NORMAL FARM AVERAGE I 1 |REQUEST IN | NEH | L O A N R E QUESTS 1 DATE OP |LOAN/DEPOSITJ | C O M P A R E D HITH HIGHER | PREVI O U S | FARM IN C U R R E N T RATIO J LOH E R | SURV E Y | J 1 C O M P A R E D HITH USUAL NUMBER USUAL NUMBER |NONE| DE S I R A B L E THAN |QUARTER DUEj LOAN |QUARTER D U E TO |NONE| | T HAN I (PERCENT) | DES L R E D | T O SHORTAGE| ACCOUNTS! AVAILA B I L I T Y J DESIRED 1 1 l | OF FUNDS 1LON E R SAME HIGHER 1 1LOHER SAME HIGHER O P FUNDS 1 1 1 1 1 1 j *** *** *** *** *** *** *** *** *** *** *** 1 81. 5. 5. 1964-Q1... i 1 *** *** *** «** 75. 76. 14. 71. 15. 6. 12. 13. 6. J *** -Q2... | *** i 1 *** *** *** * *♦ j *** *** *** | 10. 68. 8. 8. 8. 23. 68. 9. 82. -Q3... | 1 *** *** *** 70. 20. 81. 5. 4. 3. 73. 7. 14. | 23. 56. 21. | -Q4...| 1 1 1 *** *** 20. 6. 1. j 18. 59. 22. | 72. 5. 16. 83. 7. 72. 1965-Ql. . . J i *** *** *** 67. I 20. 65. 4. 4. 10. 28. 83. 7. 6. 66. 15. | -Q2... | 1 *** *** ♦ ** *** | 18. 60. 7. 3. 22. | 7. 85. 8. 7. 81. 12. 71. -Q3. .. | ♦ ** *** *** | 16. 22. j 3. 62. 76. 2. 80. 7. 15. 5. 85. 8. -Q4... | 1 1 1 1 *** *** *** 70. 13. | 3. 72. 3. 10. 10. 1966-Q1.. . | 83. 7. 79. I 17. 11. *** *** | 20. 10. 73. 19. | 6. 5. 90. 5. 6. 84. 10. -Q2... | 61. 1 *** *** j *** *** *** | *** *** *** *** *** *** *** *** *** *** -Q3... | 1 *** *** *** 69. 13. 56. 13. 7. 4. 17. i n. 82. 9. 87. J 14. -Q4. .. j 1 **♦ 1967-Q1.. . J -Q2... | -03... | -Q4... I *** *** *** *** 1968-Q1... J -Q2. ..1 -Q3... J -Q4... | *** *** *** *** 1969-Qt.• • | -Q2. .. | -Q3. .. J -Q4...| 1 1970-Q1...| -Q2. • • J -Q3... J -Q4. .. | J 197I-Q1... | -Q2...| “ Q3...J -Q4... J 1 1972-Q1...J -Q2... | -Q3...| -Q4... I 52. 56. 58. 59. 58. 58. 60. 59. 1973-Q1...J -Q2... i -Q3... | -Q4...J *** *** *** *** 6. 9. 5. 3. 91. 83. 84. 91. 3. 8. 11. 6. *** *** *** *** 9. 3. 5. 10. 86. 86. 92. 88. 5. 1 1. 3. 2. *** *** *** *** 13. 17. 5. 10. 82. 76. 88. 84. 5. 7. 7. 6. *** *** *** *** 6. 3. 4. 9. 83. 88. 89. 88. 11. 9. 7. 3. *** 43. 32. 37. 16. 4. 4. 6. 79. 47. 61. 53. 5. 6. 3. 4. *** 24. 21. 28. 11. 4. 2. 3. 83. 61. 71. 59. 6. 11. 6. 10. 37. 38. 43. 43. 4. 5. 2. 3. 55. 50. 47. 46. 3. 7. 8. 8. 23. 24. 20. 30. 2. 1. 1. 3. 64. 65. 66. 58. 11. 11. 12. 10. 2. 3. 6. 52. 45. 52. 45. 5. 8. 4. 3. 22. 20. 28. 30. 2. 1. 1. 2. 61. 66. 62. 65. 16. 14. 9. 3. 2. 5. 2. 3. 42. 44. 43. 47. 1 1 1 49. 1 51. 1 50. 1 52. 2. 3. 1. 4. 42. 42. 43. 41. 6. 5. 6. 2. 29. 30. 34. 37. 1. 1. 4. 66. 61. 62. 58. 5. 8. 3. 2. 75. 78. 71. 62. 2. 2. 4. 8. 1 1 1 J 47. 47. 42. 45. 2. 3. 2. 5. 44. 44. 49. 45. 7. 7. 7. 6. 35. 36. 34. 37. 5. 5. 2. 4. 58. 58. 61. 54. 2. 2. 3. 5. 6. 4. 18. 35. 69. 76. 46. 2 7. 5. 4. 20. 30. 1 i 1 1 1 51. 44. 38. 41. 2. 6. 5. 6. 43. 46. 48. 47. 5. 4. 9. 7. 45. 39. 28. 32. 3. 4. 3. 1.. 49. 56. 64. 48. 3. 2. 6. 19. J | | | 27. 13. 11. 8. 30. 43. 51. 61. 14. 14. 4. 4. 40. 47. 47. 43. 6. 6. 3. 6. 46. 40. 44. 49. 8. 6. 6. 2. 24. 31. 32. 35. 1. 2. 2. 2. 51. 40. 54. 54. 24. 27. 16. 16. 26. 26. ] | | j 5. 7. 9. 62. 63. 54. 55. 4. 3. 4. 3. 1. 4. 49. 54. 46. 49. 6. 5. 10. 8. 28. 26. 30. 27. 3. 10. 12. 42. 38. 42. 38. 53. 60. 58. 57. 16. 13. 12. 14. 18. 20. 29. 35. | | | 1 54. 56. 5 8. 58. 6. 7. 7. 8. 40. 45. 37. 37. 3. 2. 12. 64. 61. 55. 53. 1. 0. 50. 44. 49. 54. 6. 9. 13. 8. 22. 23. 23. 22. 50. 44. 48. 52. 27. 33. 28. 25. 15. 12. 8. 6. 51. 58. 54. 48. 34. 31. 38. 46. | | | | 14. 19. 61. 66. 54. 49. 7. 9. 17. 19. 38. 43. 39. 37. 4. 2. 2. 2. 51. 49. 52. 50. 7. 7. 7. 10. 19. 23. 26. 21. 50. 48. 58. 63. 31. 26. 16. 15. 37. 1 28. 1 34. 34. 1 J 30. 1 29. 1 34. 1 38. 0. 55. 59. 49. 46. 8. 12. 17. 19. 23. 20. 23. 25. 2. 2. 1. 62. 64. 60. 54. 13. 14. 17. 19. 14. 20. 10. 4. 18. 9. 17. 25. 3. 1. 3. 7. 54. 51. 52. 50. 3. 58. 47. 50. 61. 21. 43. 32. 11. 9. 9. 15. 9. 52. 65. 55. 60. 2. 3. 4. 3. 23. 18. 16. 18. 3. 5. 7. 9. 53. 50. 53. 53. 21. 26. 24. 21. 11. 4. 7. 6. 55. 61. 62. 58. 4. 7. 3. 6. 19. 19. 17. 19. 7. 3. 3. 7. 48. 39. 59. 60. 26. 38. 21. 15. 16. 20. 17. 19. 67. 60. 63. 63. 17. 20. 20. 18. | j | | 11. 14. 26. 5. 61. 64. 62. 73. 6. 8. 7. 1. | | 1 | 1 22. 22. 11. 23. 65. 58. 62. 64. 13. 20. 27. <13. | | | | 5. 5. 17. 6. 95. 65. 55. 66.' 4. 4. 10. 2. i 33. 26. 16. 13. 60. 59. 64. 64. 7. 15. 20. 23. 1 | | | 4. 8. 18. 15. 77. 70. 52. 45. 1. 7. 11. 9. 18. 15. 5. 8. 62. 53. 48. 61. 20. 33. 47. 31. | | | | 18. 23. 32. 22. 47. 38. 32. 35. 10. 18. 19. 7. 13. 16. 11. 17. 62. 60. 65. 67. 24. 24. 23. 16. | | | J 14. 9. 9. 6. 48. 56. 57. 63. 6. 5. 5. 4. 60. 60. 71. 71. 13. 12. 13. 6. | | | | 4. 5. 2. 2. 6 7. 69. 68. 72. 58. 58. 61. 61. J j 1 1 | j | 28. 28. 17. 23. 32. 36. 26. 29. 62. 58. 58. 56. 6. 7. 15. 15. J I | J 2. 5. 5. 9. 1974-Q1... | -Q2... j “ Q3« • • 1 **Q4. • • | i 1975-Q1... | -Q2. ..| -Q3. .. ] -Q4. .. | 61. 63. 63. 65. I | 1 1 20. 29. 13. 7. 65. 59. 60. 54. 15. 11. 27. 39. | | | | 64. 63. 63. 63. 10. 11. 6. 18. 56. 70. 74. 64. 34. 19. 21. 18. 1976-Q1...| “ Q2. ,. | -Q3. .. 1 -Q4. .. | 63. 63. 65. 66. | 1 1 j 1 1 1 | 17. 17. 12. 19. 67. 67. 62. 55. 1977-Qt... -Q2... -Q3... “ Q4... | | J | 64. 63. 66. 68. 17. 20. 16. 1978-Q1. .. | -Q2. .. | -Q3...I -Q4... 1 67. 67. 70. 71. 1979-Q1...J -Q2...I -Q3. ..] -Q4...I 7 0. 71. 73. 79. L980-Q1... ( -Q2... | -Q3...J -Q4. .. | 56. 58. 61. 59. 58. 59. 61. 60. I | i 1 | | | 1 | J 1 J J | | 1 1 1 | i i 10. 3. 3. 2. 1. 50. 51. 40. 40. 47. 46. 58. 58. | | | | 19. 27. 32. 40. 45. 42. 34. 27. 13. 23. 26. 34. 72. 72. 71. 68. 1 1 | | | i 1 1 1 1 1 1 1 1 J 1 1 1 1 I 4. 4. 8. 25. 44. 45. 61. 66. 52. 51. 32. 10. | | | | 32. 39. 23. 12. 27. 30. 56. 26. 43. 10. 2. 1981-Q1. .. | -Q2...I -Q3...J -Q4. ..1 64. 64. 65. 65. 1 | I j 37. 40. 35. 40. 57. 54. 56. 51. 5. 6. 9. 9. | | 1 | 4. 3. 3. 3. 59. 75. 66. 68. 5. 4. 5. 3. 1982-Q1... | “ Q2... | -Q3...| “ Q4. .. | — i_ 63. 62. 63. 63. 1 | 1 | 41. 47. 43. 49. 49. 43. 48. 42. 10. 10. 9. 8. | | | 1 2. 2. 2. 4. 67. 69. 73. 80. 2. 3. 3. 3. 10. 7. 12. 11. 10. 12. 11. J | I 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 I | 1 1 1 1 1 1 1 j 37. ! 24. 26. 1 27. 1 J 30. 1 29. 1 28. 1 31. .1 1. 2. 0. 1. 2. 0. 1. 1. 0. 2. 1. 0. 0. 1. 0. 2. 0. 2. 1. 0. 11. 9. AS CP T H E 1981-Q2 (APRIL.1) SURVEY, T H E HORDING OP MANY QUES T I O N S HAS ALTERED. THE SURVEY RESULTS SHOHN ABO V E ARE H I GHLY C O M P A R A B L E TO E A R L I E R DATA. HOsHEVER, BECAUSE THE C O L U M N H E A D I N G S REPL E C T THE OLD F ORM OP THE QUESTIONS, PERS O N S USING O R QUOTING T HE LATE S T R E SULTS SHOULD O B T A I N THE NEH H O RDING BY R E Q U E S T I N G C O P I E S O P T H E NEH QUES T I O N A I R E AND SURV E Y R E P O R T S (AGRICULTURAL C R E D I T C O N D I T I O N S SURVEY) P R O M T H E R ESEARCH DEPARTMENT, P E D E R A L R E S E R V E BANK, MINNEAPOLIS, MN 55480. 47 SOAVET OP CURRENT AGRICULTURAL CREDIT CONDITIONS, NINTH FEDERAL RESERVE DISTRICT— FEDBRAL RESERVE BANK OF MINNEAPOLIS IABLE 3 4 2 .4Q INTER E S T R A T E S ON FARM L O A N S |HOST COMMON I N T E R E S T R A T E S C H A R G E D ON PA R M LOAN ISj J (AVERAGE, PERCENT) 1 CATE OF i 1 SURVEY j NON— BELL**ESTATE LOANS LONG-TERM J j R E A L ESTATE 1 ( SHORTINTERMEDIATELOANS | 1 1 t e r h ______________ 2IBH 1 J ***** ***** ***** 1964-Q1... j 1 ***** ***** ***** -Q2...1 1 ***** ***** ***** 1 ***** ***** ***** — Q4. ■ • J t T R E N D IN I N T E R E S T RATES (PERCENTAGE Op B A N K S REPORTING) S H O UT-TERM N O N - R E A L - E S T A T E LOANS . . . _ .. ............. . . UPDOHNLITTLE HA R D change . HARD DOHNHARD 6. 12. 3. 84. 84. 86. 92. 10. 15. 12. 5. *** *** *** *** *** *** *** *** **** **** **** **** 1o. 11. 87. 91. 87. 84. 12. 9. 12. 15. *** *** *** *** *** *** *** *** o. 0. *** o. 68. 22. *** 17. 32. 78. **** 83. *** *** *** *** o. 2. 5. 1- 26. 58. 77. 75. 74. 40. 18. 24. o. 0. o. 1. 39. 43. 16. 54. 1. 0. 0. 0. I N T E R M E D I A T E -TERM LOANS UPHARD LI T T L E CHANGE UP WARD 6. 3. 1. 2. 81. 87. 89. 89.. 13. 10. 10. 9. **** **** **** **** 0. 3. 3. 1. 88. 86. 85. 94. 12. 11. 12. 5. *** *** *** *** **** **** **** **** 0. 0. *** 1. 66. 26. *** 9. 34. 74. *** 90. . *** *** *** *** *** *** *** *** **** **** **** **** 2. 6. 5. 1. 18. 51. 76. 66. 80. 43. 19. 33. 61. 57. 84. 45. *** *** *** *** *** *** *** *** **** **** **** **** 1. 0. 0. 0. 19. 24. 13, 47. . 80. 76. 87. 53.. 55. 12. 8. 26. 44. 88. 92. 74. *** *** *** *** *** *** *** *** **** **** **** **** 0. 0. 0. 0. 53. 8. 9. 26. 47. 92. 91. 74. o. 0. 1. 1. 39. 32. 61. 81. 61. 68. 39. 18. *** *** *** *** *** *** *** *** **** **** **** **** 1. 2. 1. 2. 34. 39. 56. 75. 65. 59. 43. 23. J LITTLE C H ANGE RE A L ESTATE LOANS DOHNHARD 1965-Q1. .. | -Q2... | -Q3... 1 — Q4. a • I ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** 1966-Ql. .. | -Q2... J -Q3... J -Q4...J ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** 1967— Q 1 . • • J -Q2...| -Q3... J -Q4... | ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** 1968-Ql... | -Q2. .. J -Q3...J -Q4... | ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** 1969-Q1...| -Q2... | -Q3... J -Q4...| 7.36 7.62 7.90 8.02 7.40 7.66 8.00 8.07 7. 15 7.44 7.83 8.00 1970— Q 1 ••• | -Q2... | — Q3. . . J — Q 4 . .. | 8.09 8.38 8.38 8. 42 8. 19 8.50 8.49 8. 56 8; 15 8.42 8.46 8.45 1 l 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 1971-Q1... | -Q2... | -Q3... | -Q4...J 8.37 8.19 8.16 8*16 8.45 8.28 8.27 8.23 8.35 8.06 8. 00 8.06 I i ! 1 14. 46. 17. 6. 82. 53. 79. 92. 4. 1. 4. 0. *** *** *** *** *** *** *** *** **** **** **** **** 10. 44. 21. 7. 82. 53. 74. 89. 8. 3. 5. 4. 1972-Ql. • • J -Q2... | -Q3. . . | -Q4...| 8.09 8.02 8.03 8.02 8. 23 8. 13 8.13 8. 15 7.96 7.87 7.90 7.91 i | | 30. 26. 15. 4. 70. 74. 83. 89. 0. 0. 2. 8. *** *** *** *** *** *** *** *** **** **** **** **** 17. 29. 18. 4. 81. 70. 79. 92. 1. 1. 3. 4. 1973-Q1... | -Q2...I -Q3... | -Q4...J 8.06 8.08 8.18 8.55 8.20 8.20 8.26 8.67 7.92 7.95 8.05 8.43 4. o. 1* o. 87. 76. 60. 28. 9. 24. 39. 72. *** *** *** *** *** *** *♦* *** **** **** **** **** 4. 0. 1. 0. 91. 83. 70. 28. 5. 18. 30. 72. 1974-Q1... | -Q2... | -Q3...| -Q4. .. | 8.56 8.53 8.82 9.04 8.74 8.65 9.05 9.33 8.45 8.43 8. 70 8.91 o. 1o. 0. 58. 81* 41. 37. 42. 18. 59. 63. *** *** *** *** *** *** *** *** **** **** **** **** 1. 1. 0. 0. 60. 85. 53. 41. 39. 14. 47. 59. I975-Q1.. - | -Q2. .. 1 -Q3... | -Q4... | 9. 1 1 9 .03 9.00 8.99 9.35 9.25 9.23 9.27 9.00 8.86 8. 88 8.98 2. 15. 17. 2. 64. 71. 71. 82. 34. 15. 11. 16. *** *♦* *** *** *** *** *** *** **** **** **** **** 1. 11. 8. 1. 74. 81. 85. 82. 25. 8. 7. 16. 1976-Q1... | -Q2. .. | -Q3...| — Q4. a ■ I 9.05 9.09 9. 15 9.18 9.27 9.30 9.45 9. 43 9.07 9.08 9. 17 9. 17 4. 11* 4. 3. 86. 78. 69. 88. 10. 11. a. 10. *** *** *** *** *** *** *** *** **** **** **** **** 2. 4. 3. 3. 90. 85. 77. 89. 8. 10. 20. 8. 1977-Q1.. . | -Q2... | -Q3. .. | -Q4. .. | 9.15 9.21 9. 17 9. 18 9. 43 9.45 9.53 9.52 9. 15 9. 17 9. 21 9. 22 14. 12. 5. 1- 80. 82. 88. 87. 6. 6. 7. 12. *** *** *** *** *** *** *** *** **** **** **** **** 13. 11. 4. 1. 84. 85. 90. 94. 2. 4. 6. 5. 1978-Ql... -Q2... -Q3... -Q4. .. | 1 | | 9. 2 2 9.20 9.38 9.51 9.47 9. 50 9.71 9.81 9. 21 9.23 9.47 9.62 2. 0. o. 0. 76. 55. 32. 20. 22. 45. 68. 80. *** *** *** *** *** *** *** *** **** **** **** **** 5. 0. 0. 0. 83. 72. 45. 35. 12. 28. 55. 65. 1979-Q1... | -Q2...| -Q3... j -Q4...J 1 1980-Q1...| -Q2... 1 -Q3... j “ Q4. .. | 10.24 10.39 10.78 11.80 10.67 10. 82 11.21 12. 14 10. 06 10.24 10.55 12.27 3. 16. 97. 84. 88. 98. *** *** *** *** *** *** *** *** **** **** **** **** 0. 1. 0. 1. 18. 31. 30. 23. 82. 68. 70. 75. 13.63 16.39 15.29 13.96 13.99 16.68 15.48 14. 26 72. 43 14.08 13.94 13. 16 22. 78. 0. 7. 42. 100. 0. 1. 73. 22. 23. 4. 21. 52. 72. 95. 6. 26. 0. 0. 43. 17. 39. 16. 46. 64. 61. 84. 4. 30. 1981- Q 1 . . . | -Q2... | -Q3...I — Q4.• • | 17.58 17.02 18.04 18.85 17.71 17.05 18.07 19.07 15.04 15.31 17.06 17.55 2. •18. 48. 68. 97. 4. 8. 8. 1. 62. 38. 20. 6. 33. 54. 7 2. 93. 5. 8. 8. 0. 41. 31. 12. 2 5. 56. 58. 7 8. 75. 3. 12. 10. 1982-Q'l. • • | -Q2. .. | -Q3. .. | -Q4...| ______ L_ 17.21 17.35 17.37 16.32 17. 50 17.78 17.67 16.68 16.61 17. 13 16.88 16. 01 0. 0. 1 o. 1 o. 1 1 0. 1 o. | 89. J 29. 1 j 1. 1 77. | 44. 1 23. 1 | 39. | 37. | 18. | 49. . J___ 54. 60. 73. 49. 7. 2. 37. 30. 17. 41. 57. 68. 73. 7. 2. 20. 28. 69. 71. 9. 3. 9. 15. 12. 2. 8. 59. 0. 45. 77. 55. 1 1 J 1 1 1 1 i 1 1 i 1 1 J 1 I J I I i I | i I 1 1 1 I 1 1 i J i 12. 2. 2 11. 19. 0. AS OF THE 19 81-Q2 (APRIL 1) SURVEY, THE HORDING OF MAN? QU E S T I O N S HAS ALTERED. THE SURVEY RESU L T S SHORN A B O V E ARE HIGHLY COM P A R A B L E TO E A RLIER DATA. HONEVER, BECAUSE THE CO L U M N H E A D I N G S R E F L E C T THE OLD FORM OF T H E QUESTIONS, PERSONS USING OR Q U OTING T HE LATEST R E S U L T S SHOULD OBTA I N THE NEH H O R D I N G BY REQ U E S T I N G C O PIES O P T H E NEH QUE S T I O N A I B E AND SURVEY R E PORTS (AGRICULTURAL CRED I T C O N D I T I O N S SURVEY) FROM THE R E S E A R C H DEPARTMENT, FEDERAL RE S E R V E BANK, MINNEAPOLIS, MN 55480. 48 SURVEY OF CURRENT AGRICULTURAL CREDIT CONDITIONS, NINTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF MINNEAPOLIS TABLE 3 4 2 . 5Q FARE REAL ESTATE LE N D I N G EXPER I E N C E PERCE N T A G E OLE BANKS RE P O R T I N G DEMAND F OB FARM R E A L ESTATE LOANS, AS C O M P A R E D WITH USUAL C O N D I T I O N S DATE OF SURVEY J CU R R E N T (DATE OF SURVEY) 1 !_ LOHEiR SAME. HIGHER J 1 *** *** *** 1964— Q 1. • . j 12. 50. 38. -Q2... | 30. 15. 55. -Q3. 1 27. 47. 26. -Q4. .. | E XPECTED D U R I N G THE C U R R E N T QUARTER L O N E R . S A M ? . HIGHER 1 1. 7. 7. 12. 68. 74. 69. 64. 21. 19. 24. 24. 1965-Q1.• • | — Q 2..• | -Q3...1 -Q4...I 8. 5. 9. 11. 54. 50. 70. 65. 38. 45. 21. 24. 6. J. 9. 6. 65. 60. 77. 77. 29. 37. 14. 17. 19-66— Ql. .. | — Q2. . • d -03... | -Q4. .. J 8. 5. *** 17. 66. 64. ♦ ** 62. 26. 31. *** 21. 5. 3. **« 12. 71. 81. ♦** 73. 24. 16. *** 15. 1967-Q1...1 -Q2...I - Q 3 . .• I -Q4. • • | 1 19.68— Q 1. • . | -Q2...I — Q3.•• | -Q4... | 38. 24. 23. 24. 53. 62. 69. 64. 9. 14. 8. 12. 27. 15. 16. 15. 68. 77. 79. 82. 5. 8. 5. 3. 18. 10. 23. 27. 68. 65. 65. 63. 14. 25. 12. 10. 17. 10. 23. 21. 71. 75. 72. 71. 12. 15. 5. 8. 1969- Q 1 . • • | -Q2. • . 1 -Q3. .. | — Q4. . • J 24. 32. 38. 10. 71. 58. 56. 80. 5. 10. 6. 10. 22. 28. 38. 41. 74. 67. 58. 53. 4. 5. 4. 6. 1970-Q1... | -Q2...J -Q3...I -Q4... | 47. 49. 40. 46. 47. 39. 49. 48. 6. 12. 11. 6. 38. 41. 35. 33. 56. 53. 61. 63. 7. 5. 4. 4. 1971-Q1.. . J -Q2... | -Q3. .. 1 -Q4. .. | 35. 30. 14. 18. 59. 60. 77. 73. 6. 9. 10. 8. 25. 17. 13* 15. 69. 75. 80. 77. 6. 8. 7. 8. 1972— Ql. • • | -Q2...J -03... I -Q4... | 12. 8. 12. 10. 81. 78. 76. 80. 6. 14. 12. 10. 11. 4. 9. 10. 85. 88. 86. 84. 4. 8. 5. 6. 1973-Q1...1 -Q2... | -Q3...4 1 10. 4. 7. 13. 80. 77. 80. 74. 10. 19. 14. 13. 8. 6. 7. 15. 86. 83. 87. 74. 6. 1 1. 7. 11-. 1974-Q1... -Q2... -03... -Q4... | | | J 20. 13. 24. 25. 74. 69. 66. 65. 7. 18. 10. 10. 21. 14. 18. 24. 76. 76. 77. 67. 3. 10. 5. 10. 1975-Q1.. . | -Q2. • • | -Q3...| — Q4. • • ] 1 1976— Ql...| -Q2... | -Q3. .. J -Q4... | 26. 27. 23. 17. 58. 55. 64. 73. 16. 18. 14. 10. 25. 20. 17. 15. 59. 63. 74. 74. 16. 18. 9. 11. 22. 10. 18. 15. 67. 71. 66. 70. 11. 19. 15. 15. 13. 7. 14. 14. 75. 81. 72. 68. 12. 12. 14. 18. 1977-Q1...| — Q2... | -Q3... | — Q 4 . •• ( 16. 14. 19. 15. 65. 55. 56. 62. 19. 31. 25. 23. 13. 14. 17. 13. 60. 56. 60. 66. 26. 30. 23. 21. 1978— Ql.. . | -Q2... | -03... | -Q4... | 20. 19. 10. 13. 56. 63. 71. 73. 24. 18. 19. 14. 16. 17. 11. 10. 58. 72. 77. 78. 26. .12. 12. 12. 1979-Q1... -Q2... -03... -Q4. .. | 1 1 J 19. 15. 15. 20. 69. 82. 76. 72. 12. 3. 9. 7. 18. 13. 11. 19. 74. 78. 83. 72. 8. 8. 6. 9. 1980-Q1...-I -Q2... | — Q3. • • | -Q4. • • | 41. 50. 6 6. 55. 55. 36. 29. 39. 3. 14. 5. 6. 32. 39. 53. 34. 58. 41. 35. 58. 10. 19. 12. 8. 1981-Q1•• • | -Q2. • • | -Q3... | -Q4. . . J <63. 56. 69. 57. 34. 33. 29. 41. 3. 11. 2. 2. 56. 53. 58. 53. 37. 42. 40. 45. 8. 5. 2. 2. 1982-Q1... | -Q2.••| — Q3 . •• | “ Q4. • a | 61. 60. 55. 53. 29. 31. 40. 38. 10. 10. 5. ?. 48. 65. 56. 44. 40. 23. 42. 45. 12. 12. 2. 11. AS OF T H E 1981-Q2 (APRIL 1 SURVEY, T H E HORDING OF MANY QUES T I O N S HAS ALTERED. ) THE SURVEY RES U L T S SHOHN A BOVE ARE HIGHLY C O M P A R A B L E TO BARLIER DATA. HOHEVER, B E CAUSE THE C O L U M N HEA D I N G S R E F L E C T THE OID FO R M OF THE QUESTIONS, P E RSONS USING O R QUOTING TH E L A T E S T R E S U L T S SHOULD O B T A I N T H E NEH HORDING BY REQ U E S T I N G COP I E S O F THE NEH QUESTI O N A I R E AND SURVEY R E PORTS (AGRICULTURAL C R E D I T C O N D I T I O N S SURVEY) F R O M T HE R E S E A R C H DEPARTMENT, FEDERAL R E S E R V E BANK, MINNEAPOLIS, MN 55480. 49 SURVEY CURRENT AGRICULTURAL CREDIT CONDITIONS, NINTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF MINNEAPOLIS TABLE 34 2. 6Q FARMERS* EARNINGS OF BANKS* P A R M C USTOMERS J SURVEY i EARNI N G S AND SPENDING, C O M P A R E D WITH P REVIOUS P E R C E N T A G E OF BANKS REPO R T I N G CURRENT (DATE OF SURVEY) YEAR SPENDING BY P A R S E R S EXPECTED IN C U R R E N T Q U ARTER C U RRENT (DATE OF SURVEY) ALL ITEMS SCR EXPECTED IN C U R R E N T QUARTER L O HER SAME HIGHER LOHER SAME 54. ■66. 76. 66. 16. 16. 23. 21. 30. 18. 1. 13. 45. 58. 63. 65. 42. 38. 33. 25. 13. 4. 4. 10. *** 27. 42. 37. *** 59. 49. 50. *** 14. 8. 13. *** 32. 44. 50. *** 56. 43. 37. *** 12. 13. 13. 1965-Q1... j -Q2. .. 1 -Q3... | - Q 4 . .. | 74. 59. 18. 15. 21. 29. 27. 14. 5. 12. 55. 71. 52. 35. 7. 13. 40. 48. 33. 16. 8. 17. 60. 71. 44. 50. 24. 11. 46. 40. 52. 50. 10. 10. 24. 39. 47. 44. 13. 13. 43. 46. 56. 40. 10. 10. 31. 47. 1966— Q 1..• | “ Q2... 1 -03. .. 1 -Q4...I 17. 7. *** 7. 16. 16. *** 18. 67. 77. *** 75. 10. 2. *** 1. 26. 26. *** 23. 64. 72. *** 76* 13. 7. *** 3. 47. 59. ♦** 60. 40. 34. *** 37. 13. 2. *** 10. 48. 57. *** 42. 39. 41. *** 48. 1967— Q I. • . | -Q2...| -Q3... J -Q4...I 14. 41. 32. 29. 17. 36. 53. 34. 69. 23. 14. 37. 12. 39. 16. 43. 51. 49. 54. 43. 37. 12. 30. 14. a. 22. 14. 17. 56. 56. 62. 59. 36. 22. 24. 24. 8. 19. 12. 15. 64. 58. 61. 65. 28. 23. 27. 20. 1 o ■ t i 1 1 1964-Q1.. . | -Q2... | -Q3... 1 -Q4... | 1968— Q 1. . . i -Q2...J -Q3... | 55. 46. 28. 29. 29. 41. 53. 39. 16. 13. 19. 32. 41. 26. 26. 26. 54. 64. 55. •46. 5. 10. 19. 28. 22. 30. 12. 16. 59. 55. 68. 65. 19. 15. 20. 19. 26. 27. 13. 18. 63. 56* 71. 62. 11. 17. 16. 20. 1969-Q1... | -02...1 -Q3. . . | -04... 1 16. 17. 12. 13. 45. 44. 30. 34. 39. 39. 58. 53. 12. 11. 1 4. 11. 69. 60. 39. 45. 19. 29. 47. 44. 12. 16. 14. 18. 67. 63. 66. 64. 21. 21. 20. 18. 6. 11. 18. 17. 76. 65. 58. 62. 18. 24. 24. 21. 1970— Q1...J - Q2---i -03... J ~Q4... ! 8. 5. 15. 35. 32. 34. 64. 48. 60. 60. 21. 18. 7. 9. 15. 27. 59. 56. 60. 56. 35. 35. 25. 16. 13. 23. 19. 27. 67. 63. 58. 64. 20. 15. 23. 9. 16. 18* 17. 28. 64. 66. 66. 61. 19. 15. 18. 11. 1971-Ql... | -Q2. .. | -Q3... | -Q4. - . | > 52.. 33. 15. 13. 33. 55. 70. 50. 15. T3. 15. 38. 51. 24. 4. 16. 42. 66. 62. 45. 8. 10. 33. 39. 36. 28. 11. 10. 54. 58. 65. 70. 10. 14. 24. 19. 42. 23. 7. 9. 51. 58. 70. 67. 8. 19. 23. 23. 1972-Q1...| -Q2... J -Q3... | -Q4... I 17. 9. 4. 1. 39. 42. 41. 21. 45. 50. 54. 79. 9. 5. 4. 1. 61. 63. 49. 24. 30. 32. 47. 75. 10. 6. 8. 4. 69. 75. 74. 69. 22. 19. 18. 27. 12. 8. 6. 1. 72. 74. 75. 60. 16. 18. 19. 38. 1973-Q1...| -Q2... | -Q3... | -Q4... I 2. 1. 1. 0. 12. 6. 20. 3. 86. 94. 79. 97. 0. 1. 2. 2. 21. 16. 26. 5. 79. 83. 72. 93. 1. 0. 1. 0. 52. 39. 46. 31. 47. 61. 53. 69. 2. 0. 1. 1. 53. 43. 48. 23. 45. 58. 51. 76. 1974-Q1...| -Q2. .. | -Q3... J -Q4. . • J 1. 11. 59. 62. 7. 19. 21. 20. 93. 70. 20. 17. 3. 2 5. 66. 68. 18. 36. 24. 19. 78. 39. 10. 13. 2. 2. 11. 27. 24. 31. 38. 42. 74. 66. 51. 31. 3. 4. 19. 38. 33. 26. 36. 31. 64. 69. 45. 31. 1975-Q1...| -Q2. .. J -03... 1 -Q4.,.. | <67. 81. 56. 19. 24. 16. 34. 52. 9. 3. 10. 29. 70. 78. 52. 20. 21. 19. 33. 50. 10. 3. 15. 30* 42. 55. 31. 20. 35. 28. 37. 57. 23. 17. 31. 23. 50. 52. 29. 18. 28. 26. 40. 56. 22. 22. 31. 26. 1976— Q 1.•• -Q2... — Q3... • -04. .. 47. 41. 51. 80. 34. 48. 37. 13. 19. 11. 12. 7. 43. 31. 55. 79. 38. 60. 31. 15. 19. 10. 14. 7. 25. 25. 41. 51. 60. 59. 43. 37. 15. 16. 15. 12. 29. 24. 48. 63. 58. 59. 39. 29. 13. 17. 12. 8. 06. 3. 1. 5. 18. 78. 61. 54. 48. 17. 35. 24. 28. 6. 4. 22. 24. 73. 68. 45. 46. 20. 27. 41. 40. 7. 5. 14. 15. 75. 63. 44. 50. 16. 31. 44. 35. 10. 7. 13. 15. flIGHIR 1 LOHER SAME ..HIGHER LOHER SAME HIGHER I | 1 | | 1 9 77-Q1...J -Q2. . • | -Q3. .. | -Q4... 1 56. 11. 20. 27. 26. 1978-Q1. .. j -Q2... J -Q3... | -Q4...I 46. 36. 5. 6. 28. 28. 25. 26. 26. 3.6. 70. 68. 41. 31. 4. a. 36. 3 8. 22. 2 5. 23. 40. 75. 67. 51. 36. 2. 7. 39. 48. 56. 55. 10. 16. 42. 38. 55. 31. 2. 7. 32. 48. 53. 50. 13. 21. 45. 42. 1979-Q1...| -Q2... 1 -Q3... | — Q4. .. 1 1 1 9 8 0 - Q 1 . .•J -02... | -03... I — Q4... | 3. 3. 6. 17. 14. 19. 26. 40. 83. 78. 69. 43. 1. 3. 6. 19. 29. 31. 34. 40. 71. 66. 60. 4 2. 6. 9. 5. 12. 50. 46. 43. 47. 45. 45. 52. 41. 5. 5. 5. 15. 52. 47. 41. 40. 43. 48. 54. 45. 31. 85. 42. 36. 34. 13. 34. 33. 9. 2. 24. 31. 66. 84. 39. 42. 30. 13. 28. 27. 4. 3. 33. 26. 57. 68. 54. 45. 20. 22. 30. 29. 23. 9. 16. 30. 51. 69. 46. 40. 18. 22. 34. 31. 30. 9. 21. 1981-Q1... J -Q2...J -Q3... | -Q4...J 47. 63. 54. 59. 21., 30. 36. 25. 32. 7. 9. 16. 40. 57. 34. 62. 24. 37. 42. 25. 36. 6. 24. 13. 60. 57. 50. 45. 29. 32. 3 1. 27. 11. 11. 19. 29. 64. 44. 33. 41. 26. 41. 44. 37. 10. 15. 23. 22. 1982-Q1... | -Q2...I -Q3... J -Q4. J ______ L_ 88. 93. 56. 68. 12. 6. 34. 19. 0. 1. 10. 13. 80. 71. 43. 62. 19. 24. 40. 28. 1. 5. 17. 10. 75. 79. 54. 54. 14. 18. 34. 31. 11. 3. 12. 15. 67. 66. 43. 53. 24. 29. 43. 37. 9. 6. 14. 10. 78. 61. 56. j AS O P T H E 1981— Q2 (APRIL 1) SURVEY, T H E HORDING OP MANY Q U E S T I O N S HAS ALTERED. THE SURVEY R E S U L T S SHO H N ABO V E ARE HIGHLY C O M P A R A B L E TO EARLIER DATA. HOWEVER, B E CAUSE THE C O L U M N HEADI N G S RE F L E C T THE OL D FORM O F THE QUESTIONS, P E RSONS USING O R QUOTING T H E LATEST R E S U L T S S H OULD O B T A I N T H E NEH HQR p i N G BY R E Q U E S T I N G COPIES OP T HE NEH QUE S T I O N A I R E AND SURVEY R E PORTS (AGRICULTURAL C R E D I T C O N D I T I O N S SURVEY) PR O M T H E R E S E A R C H D E P ARTMENT, F E DERAL R E S E R V E BANK, MINNEAPOLIS, HN 55480. 50 QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, TENTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE RANK OF KANSAS CITY TABLE 3 4 3 . 1Q C U R R E N T F A R M N O N - R E A L - E S T A T B LEN D I N G EXPERIENCE. C O M P A R E D P E R C E N T A G E OF BAN K S R E PORTING DATE OF SURVEY I I I DEMAND FOR LOANS LONER SANE HIGHER 1 1 1 1 1 F UND AVA I L A B I L I T Y LONER ( SAME HIGHER LOAN RE P A Y M E N T RATE LONER SAME HIGHER WITH A YEAR EAR IIER 1 R E N E W A L S OR EXTENSIONS! 1 1 1 L O N E R SAME HIGHER | COLLAT E R A L L ONER SAME REQUIRED HIGHER J________________________ I_______________________ i_ 1976-Ql... | -Q2. • • | -Q3...I -Q4... J 1 1977— QI. . | -Q2. .. J -Q3. .. ( -Q4...i 13. 4. 6. 6. 34. 40. 35. 21. 53. 55. 60. 72. 5. 3. 6. 5. 26. 28. 33. 70. 67. 66. 62. 1978-Q1...| -Q2... | - Q 3 . .. | -Q4...1 13. 11. 13. 10. 44. 46. 46. 38. 44. 4 3. 41. 52. 1979— Q 1. • • | -Q2... | -Q3... | -Q4...| 17. 13. 11. 10. 41. 39. 34. 45. 41. 48. 56. 45. 1980-Q1... | -Q2. . • | -Q3... ( -Q4. .. | 16. 38. 39. 35. 41. 32. 4 2. 47. 43. 29. 19. 19. 1981— Q 1. a• | -Q2... | -Q3. | -Q4. .. | 36. 33. 28. 32. 47. 41. 43. 43. 18. 26. 30. 25. 1982-Q1... | -Q2. .. | -Q3... J -Q*»... 1 ____1 __ 35. 37. 34. 28. 41. 45. 45. 48. 24. 18. 21. 25. 29. 14. 19. 17. 39. 49. 51. 50. 44. 37. 30. 33. 17. 35. 38. 41. 37. 43. 49. 45. 49. 22. 13. 14. 15. 19. 17. 20. 26. 54. 54. 46. 48. 27. 29. 34. 26. 21. 22. 27. 32. ( I I ! I I I I I I I I I I I I 1 1 ( 1 1 1 1 1 1 4 9. 49. 40. 45. 30. 28. 33. 23. 48. 56. 49. 23. 16. 32. 40. 8. 9. 15. 16. 50. 49. 49. 54. 42. 42. 35. 30. 12. 9. 12. 16. 50. 55. 52. 52. 38. 36. 36. 32. 29. 42. 12. 11. 1 I 1 I 1 J 1 1 1 __1 __ 42. 1 1 1 i 1 1 1 i 1 1 1 1 1 1 1 1 ( 1 1 I 1 1 1 1 1 1 1 i 1 1 1 1 1 1 — 1 — 34. 31. 26. 56. 51. 60. 67. 43. 15. 9. 7. 1. 68. 64. 67. 63. 30. 30. 29. 32. 2. 5. 4. 5. 52. 34. 27. 16. 35. 49. 52. 59. 13. 18. 21. 24. 12. 10. 8. 16. 53. 63. 70. 68. 34. 27. 22. 16. 23. 41. 32. 27. 62. 46. 59. 59. 15. 13. 9. 13. 32. 39. 45. 49. 56. 52. 50. 46. 12. 8. 5. 4. 62. 64. 57. 56. 32. 32. 39. 38. 6. 4. 4. 6. 1 1 1 1 I 1 1 1 1 1 ( 1 1 1 1 1 1 J 1 i 1 J 1 1 i 1 1 1 i i 1 1 1 1 12. 8. 4. 5. 57. 5464. 42. 31. 38. 31. 54. 1. 3. 2. 3. 33. 32. 28. 32. 66. 66. 69. 65. 10. 8. 15. 18. 38. 54. 57. 65. 52. 37. 28. 18. 27. 21. 17. 14. 58. 64. 71. 68. 15. 15. 12. 18. 15. 6. 7. 13. 55. 51. 57. 58. 30. 42. 36. 30. 10. 7. 2. 5. 57. 53. 54. 47. 33. 39. 44. 49. 5. 2. 3. 2. 31. 35. 37. 40. 64. 63. 60. 58. J 1 I 1 1 1 1 1 J 1 1 1 1 1 1 1 1 1 1 J 1 1 1 i 1 1 i 2. 1. 2. 0. 68. 74. 71 » 64. 30. 25. 27. 36. 1. 1. o. 59. 57. 58. 59. 40. 43. 41. 41. 1. 0. 2. 1. 64. 68. 68. 68. 34. 32. 30. 31. 1. 1. 1. 1. 74. 66. 70. 62. 25. 33. 29. 37. 1. 0. 1. 0. 61. 42. 56. 64. 38. 58. 44. 36. 1 1 1. 1. 1. 0. 62. 64. 62. 54. 37. 36. 37. 46. 1 1 1 1 1 1. 2. 1. 1. 54. 47. 55. 45. 45. 51. 45. 54. Q U A R TERLY SURVEY OF AGRI C U L T U R A L C R B D I T CONDITIONS, T E N T H FEDE R A L R E S E R V E D I STRICT— F E DERAL R E SERVE BANK OF KANSAS CITY TAB L E 3 4 3 . 2Q A V ERAGE L O A N / D E P O S I T RATIO, AND P E R C E N T A G E OF BANKS R E P O R T I N G OTHER C O N D I T I O N S T HAT R E F L E C T R E L A T I V E C R E D I T A V A I L A B I L I T Y NUMBER OF F A R M LOAN REQUESTS R E F E R R E D TO— R E F U S E D OR j R E D U C E D A (ACTIVELY C O R R E S P O N D E N T BANKS FARM L O A N |SEEKING N O NBANK AGENCIES HIGHER R E Q U E S T IN | NEN | COMPA R E D NITH THAN P R EVIOUS | FARM J C O M P A R E D NITH LOAN DESIRED QUAR T E R DUEJ NONE| USUAL NUMBER NONE) USUAL NUMBER L E V E L |TO SHOBTAGEIACCOUNTS| 1 I_ I 1LONER SAME HIGHEBJ 1LONER SAME. HIGH] 1 O F F UNDS_ 1 _ _______ 1 J 1 ( 51. 13. 58. 19. 19. | 41. 63. 26. 62. 12. 37. | 20. 14. | 48. 13. 69. 18. | 45. 10. 70. 51. 34. | 51. ( 47. 19. 65. 16. 1 44. 13. 69. 19. 39. | 11. 51. | 20. 35. | 52. 9. 69. 21. | 46. 9. 66. 25, LOAN/DEPOSIT RATIO IS— AVEB A G E LOAN/D E P O S I T DATE OF RATIO SURVEY (PER CENT) 1 J j 56. 19 7 6 - Q 1 . . . | 57. -Q2...1 59. -Q3. • • 1 >62. -Q4...J 1977-Q1...| -Q2... | -Q3... J -Q4... | 61. 62. 65. 65. LONER THAN D E SIRED | LEVEL 1 1 I 51. 1 54. | 49. J 40. 1 | 31. ( 36. ( 28. 1 31. 1978-Q1. . . | -Q2... | -Q3... | -Q4...J 62. 62. 63. 64. | | J | 1979-Q1...| -Q2. • • | -Q3...I — Q 4 . •• | 62. 63. 64. 64. 198 0 - Q 1 . . . | -Q2.• • j -Q3...I -Q4... | D E SIRED LEVEL 12. 12. 12. 10. 21. 12. 12. 17. 48. 52. 59. 52. | | | | 23. 22. 26. 26. 37. 30. 31. 26. | | J 1 39. 40. 37. 41. 7. 10. 8. 10. 64. 63. 64. 58. 29. 27. 28. 32. 40. 39. 43. 42. 16. 15. 14. 15. 44. 46. 43. 43. | | | | 21. 15. 13. 18. 31. 39. 35. 34. 1 1 1 | 43. 36. 39. 40. 12. 10. 20. 19. 65. 73. 66. 66. 23. 17. 15. 16. | | 1 | 38. 42. 42. 35. 18. 11. 14. 9. 43. 47. 44. 56. | | | | 14. 16. 18. 21. 37. 35. 37. 34. | | | | 40. 40. 40. 44. 16. 16. 14. 13. 68. 62. 65. 61. 14. 22. 21. 26. 63. 64. 63. 60. | | 1 1 38. 29. 52. 11. 11. 21. 14. 51. 60. 38. 34. | J | | 22. 32. 18. 8. 32. 17. 27. 44. 1 | | 1 43. 44. 48. 47. 17. 16. 19. 23. 59. 62. 70. 65. 25. 22. 11. 13. 1981-Q1... ( -Q2...I -Q3. •• | -Q4...J 59. 60. 61. 61. J | J | 54. 58. 51. 52. 15. 9. 13. 11. 32. 33. 37. 37. | j | | 10. 7. 10. 43. 39. 39. 40. 1 | | | 51. 46. 45. 43. 18. 16. 20. 17. 74. 67. 64. 69. 8. 16. 16. 14. 1982-Q1... | -Q2...| -Q3... | -Q4. • . | 59. 58. 60. 62. 1 1 1 1 57. 55. 57. 51.. 33. 31. 31. 40. | | | | 41. 43. 43. 43. | J 1 | 49. 51. 51. 51. 16. 11. 18. 16. 74. 78. 68. 70. 11. 12. 14. 12. 4}. 11 . 14. 12. 9. 11 . 10 . 8. 8. 11. i | j | 1 J | | ( 1 j | ( | J | j | ( 1 | | | | ! 1 | j J 39. 37. 36. 32. 5. 6. 5. 5. “ 61. 57. 58. 50. 34. 37. 37, 45, 36. 34. 37. 36. 7. 13. 14. 13. 44. 49. 58. 57. 49, 38. 29, 29. 33. 31. 31. 35. 13. 13. 13. 12. 53. 50. 56. 54. 34. 37. 31. 34, 35. 24. 35. 42. 13. 5. 12. 14. 57. 51. 59. 62. 30. 44. 29, 24, 37. 37. 38. 40. 17. 12. 14. 15. 58. 62. 53. 56. 26, 26. 33, 28, 39. 34. 40. 43. 13. 10. 14. 12. 56. 55. 58. 62. 31. 34, 28. 26. 51 QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, TENTH FEDERAL RESERVE D ISTRIC T-FED ER A L RESERVE BANK OF KANSAS CITY TABLE 3 4 3 .3Q HOST COHHON INTERBST RATES CHARGED ON FARB LOANS (AVERAGE# PER CBNT) DATE OF SURVEY J | | 1 1 1 J 1 j OTHER OPERATING LOANS FEEDER CATTLE LOANS I N T ERHEDI AT E-TERM (1 TO 7 YEARS) LOANS LONG-TERM REAL ESTATE LOANS 8.77 8.81 8.78 8 .8 2 8 .9 2 8.91 8.89 8 .93 9. 15 9.21 9. 16 9 .2 2 9. 10 9. 17 9 .1 9 9 .2 2 1977-Q1. . | -Q 2 ...1 -Q 3 . . . I -Q 4 ... 1 8 .9 4 8 .84 8 .84 8 .87 8.95 8 .96 8 .98 8 .9 8 9 .2 3 9 .3 3 9.3-4 9 .32 9. 23 9 .2 5 9 .2 5 9.22 1 9 7 8 -Q 1 .. . -Q 2 ... -Q 3 ... -Q 4 . , . | | | J 8 .90 8. 94 9 .07 9 .27 9 .0 3 9 .06 9. 22 9 .40 9 .3 5 9 .3 8 9.54 9 .8 0 9 .2 3 9 .2 9 9 .4 6 9. 64 1979-Q 1... \ -Q 2 ...J -Q 3 ...J -Q 4 ...| 9 .8 8 10.20 10.-45 11. 52 9 .95 10.28 11.09 1 1.59 10.24 10.62 10. 80 11. 81 10.03 10.30 10. 51 11.31 1 98 0-Q 1... -Q 2 . . . -Q 3 ... -Q 4 ... | | | | 12.99 16.53 14 .04 13.96 13.06 16.55 14.12 14.06 13.11 16. 86 14. 18 14.24 12.37 15.88 13.03 13.98 1 9 8 1 -Q 1 .. . | -Q 2 ... | -Q 3 ...J -Q 4. . . | 16.95 16.28 17 .39 18.09 17.06 16.33 17.43 18. 11 16.61 16.44 17.38 18. 1-4 15.95 15.68 16.99 18.08 1982-Q 1... | -Q 2 ... | -Q 3 . •• J -Q4. . . j 16.58 16.88 16.86 15.45 16.65 16.95 16.93 15.49 16.88 17.09 17. 15 15. 81 16.69 16.74 17.01 15.77 1976-Q1. . . -Q 2 ... -Q 3 ... -Q4. . . QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, TENTH FEDERAL RESERVE D IS T R I C T — FEDERAL RESERVE BANK OF KANSAS C I T Y TABLE 3 4 3 . 4Q FARM BEAL ESTATE VALUES J 1 J DOLLARS PER ACRE 1 | NONIBRIGATED IRRIGATED RANCHLAND 1 CROPLAND CROPLAND 1 234. 469. 823. 1976-Q1• . . | 884. 254. 491. -Q 2 . . . | 497. 914. 253. -0 3 ... | -Q 4 ...J 528. 991. 259. DATE OF SURVEY 1 977-Q 1... “ Q 2 ... -Q 3 ... -Q 4 . . . J | | | J 1978-Q1. . . J -Q 2 ... | -Q 3 ...J -Q 4. . . J 1 1 979-Q 1...| -Q 2 . . . 1 -Q 3 ... j -Q 4 ..• | 1 1980-Q 1... | -C 2 ... | -Q 3 .. . | —Q 4 .• . J 1 1981— Q1. •■ 1 -Q 2 .. . | -Q 3 ... | - Q 4 . .• | i 1982-Q 1... | -Q 2 ...| -Q 3 . . . | — Q 4 .•• | MARKET VALUE OF GOOD FARMLAND PERCENTAGE CHANGE FROM PREVIOUS QUARTER NONIRRIGATED IRRIGATED CROPLAND . . CROPLAND RANCHLAND PERCENTAGE CHANGE FROM IPREVIOUS YEAR NONIRRIGATED CROPLAND IRRIGATED CROPLAND RANCHLAND ***** 4 .6 1.2 6. 2 ***** 7. 4 3.5 8.4 ***** 8.4 -0 .3 2. 5 ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** -1 . 2. 0. -2 . 7 2 5 8 -1 .5 0. 4 0. 3 -2 .3 0 .6 4. 2 -0 .4 -2 .6 10.6 8. 1 7 .3 -1 .9 18.7 10.9 7 .6 -3 .0 11.5 7. 1 7 .0 1.7 1.2 -0 .6 3 .4 11.9 519. 530. 533. 518. 977. 980. 984. 961. 261. 272. 271. 26-4. 530. 54 6. 561. 591. 980. 970. 1007. 1066. 264. 270. 280. 295. 2 .3 3. 1 2 .8 5 .3 2.0 -1 .0 3. 7 5. 9 0 .0 2. 4 3 .6 5.4 2. 1 3 .0 5 .4 14.2 0 .4 -1 .0 2.3 10.9 615. 672. 695. 721. 1114. 1181. 1316. 1296. 297. 334. 335. 348. 4. 1 9. 2 3 .4 3. 8 4 .5 6 .0 11. 5 -1 .5 0.8 12.5 0 .2 3.9 16. 2 23.0 23. 8 21 .9 13.7 21.7 30. 8 21.6 739. 738. 722. 778. 1273. 1263. 1254. 1304. 357. 357. 353. 371. 2 .5 -0 . 1 -2 .2 7. 8 -1 . 8 -0 .9 -0 .7 4. 0 2 .6 -0 . 1 -1 .2 5.3 20. 1 9 .9 3. 9 7 .9 14.3 6 .9 -4 . 7 0.6 20.2 6.8 5. 2 6.6 806. 816. 848. 844. 1334. 1366. 1440. 1383. 388. 400. 405. 403. 3.5 1.3 3. 9 -0 .4 2 .3 2. 4 5. 4 -3 . 9 4. 6 3. 1 1.2 -0 .6 9.0 10.5 17. 4 8. 5 4 .8 8 .2 14.8 6.0 8 .6 12. 1 14.9 8 .5 793. 759. 735. 716. 1323. 1274. 1251. 1200. 401. 376. 369. 354. -6 .0 -4 . 2 -3 . 2 -2 . 5 -4 .3 -3 . 7 -1 . 8 -4 . 0 -0 .3 -6 .4 -1 .9 -4 .0 -1 .6 -6 . 9 -1 3 .3 -1 5 . 1 -0 .8 -6 .7 -13. 1 -1 3.2 3. 4 -6 . 1 -9 .0 -1 2. 1 ' • 12.6 23.7 1 9.8 18. 1 52 QUARTERLY SURVEY OP AGRICULTURAL CREDIT CONDITIONS, ELEVENTH PEDEBAL RESERVE DISTRICT— PEDERAL RESERVE BANK OP DALLAS TABLE 3 4 4 .IQ CURRENT FARM MON-REAL-ESTATE LENDING EXPERIENCE, COMPARED WITH USUAL CONDITIONS PERCENTAGE OP BANKS REPORTING DEMAND POR LOANS DATE OP SURVEY FUND A V A I L A B IL I T Y SAME HIGHER I9 75 -Q 3 ... | -Q 4 ... | 20. 21. 50. 58. 30. 21. 1 97 6-Q 1... | -Q 2 ... | -Q 3 ...| -Q 4. . •| 16. 17. 6. 7. 53. 55. 54., 46. 31. 28. 40. 47. 1 9 7 7 -Q 1 ...1 14. 7. 5. 3. 51. 53. 43. 42. . 35. 40. 52. 55. 8. 6. 4. 6. 45. 52. 47. 46. 47. 42. 48. 48. -Q 3 ... | “ Q 4 ... | 1 1978-Q1... | -Q 2 ... J -Q 3 ...J -Q 4 ... | 1979-Q 1...| -Q 2 ... | -Q 3 ... i -Q 4 ... 1 I 1980— Q l . . . | -Q 2 ... | -Q 3 ... I “ Q 4 ...| 8. 11. 12. 14. 43. 46. 54. 52. 49. 43. 34 . 34. 23. 46. 38. 23. 52. 39. 46. 55. 25. 14. 16. 22. 1 98 1-Q 1...| -Q 2 ... | -Q 3 ...J — Q4. a • I 39. 40. 47. 51. 45. 46. 40. 30. 16. 14. 13. 19. 1 982-Q 1... | -Q 2 ...J -Q 3 . . . | -Q 4 ...J 31. 44. 38. 41. 43. 38. 36. 32. 26. 18. 26. 27. LONER 1 i 1 J 1 J 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 J 1 1 1 SAME 12. 11. 50. 59. 38. 30. 7. 7. 7. 14. 58. 58. 68. 62. 36. 36. 25. 24. 15. 12. 15. 19. 51. 54. 63 . 63. 34. 34. 22. 18. 20. 17. 28. 38. 65. 65 . 57. 48. 15. 17. 14. 14. 40. 38. 37. 35. 46. 50. 51. 50. 13. 12. 11. 15. 20. 35. 16. 11. 63. 53. 58. 57. 17. 13. 26. 33. 14. 9. 11. 1 1. 57. 55. 58. 55. 29. 35. 31. 34. 10. 10. 13. 16. 59. 54. 51. 50. 31. 36. 36. 35. LOAN- REPAYMENT SATE HIGHER LONER SAME 37. 25. 57. 64. 6. 12. 28. 21. 15. 28. 65. 73. 78. 69. 7. 6. 7. 4. 28. 26. 31. 38. 66. 67. 66. 59. 5. 7. 3. 3.. 49. 36. 25. 29. 49. 61. 72. 61. 3. 4. 4. 9. 28. 19. 18. 14. 61. 69. 66. 66. 11. 12. 16. 20. 16. 28. 27. 39. 68. 64. 69. 56. 16. 9. 4. 5. 45. 40. 42. 3 8 .. 51. 57. 56. 59. 4. 3. 2. 4. 53. 62. 69 . 65. 44. 34. 28. 33. 3. 3. 3. 2. RENENALS OR EXTENSIONS HIGHER 1 1 1 1 1 1 4 t 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 LONER SAME 6. 15. 48. 50. 47. 35. 11. 7. 6. 5. 55. 66. 74. COLLATERAL REQUIRED HIGHER 1 1 1 I 1 1 1 1 1 1 1 1 1 1 t 1 1 1 1 1 1 1 1 1 1 1 1 1 V O LONER 34. 27. 20. 26. 8. 5. 4. 4. 59. 59. 65. 52. 33. 35. 31. 44. 4. 4, 7. 10. 44. 55. 62. 60. 52. 41. 31. 30. 14. 14. 13. 21. 57. 60. 66. 64. 29. 27. 20. 15. 20. 13. 8. 7. 60. 60. 63. 56. 21. 28. 29. 37. 1 1 I 7. 3. 4. 5. 48. 54. 55. 55. 45. 43. 40. 40. 1 1 1 1 1 4. 3. 2. 3. 39 . 35. 28. 30. 58. 62. 70. 6 7. I LONER SAME HIGHER 0. 1 .. 63. 68. 71. 68. 37. 32. 28. 32. 74. 70. 62. 68. 25. 30. 38, 32. 0. 1. 0. 1. 62. 59. 63. 59. 38. 40, 37. 41. 1. 1. 0. o. 64 . 56. 63. 58. 35, 43, 37, 42, 1. 2. 1. 1. 63. 36 . 62. 62 . 36. 62. 37. 37. 1. 1. 1. 1. 59. 59. 59. 57. 40, 40. 41, 43, 1. 2. 1. 1. 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 46. 38. 1. 0. 1. 1. 4 54. 6 1. . 1. 0. 1. 0. 1 1 1 1 1 1 1 1 1 1 1 1 I 1 1 1 52. 44. 36. 36. 47, 54. 63. 64, QUARTERLY SURVEY OP AGRICULTURAL CREDIT CONDITIONS, ELEVENTH FEDERAL RESERVE D IS T R I C T — FEDERAL RESERVE BANK OP DALLAS TABLE 3 4 4 . 2Q FARM NON-REAL-ESTATE LOAN VOLUME EXPECTED DURING THE CURRENT QUARTER, COMPARED NITH VOLUME OP LOANS HADE A YEAR EARLIER PERCENTAGE OF BANKS REPORTING TOTAL DATE OP SURVEY FEEDER CATTLE DAIRY CROP STORAGE OPERATING FARM MACHINERY LONER SAME- HIGHER LONER SAME HIGHER LONER SAME HIGHER LONER SAME HIGHER LONER SAME HIGHER “ LONER SAME HIGHER" 1 9 7 5 -Q 3 . . . -Q 4 ... 26. 23. *41. 55. 33. 23. 1976-Q1... -Q 2 ... -Q 3 .,.. -Q 4 ... 13. 11. 7. 14. 51. 52. 51. 44. 36. 37. 4 1. 42. 1977— Q1. . . -Q2. . . -Q 3 ... — Q 4 .. • 11. 7. 6. 11. 50. 47. 50. 46. 39. 46. 44. 43. 1978-Q1... - Q 2 . ■. —Q3. a • -Q 4 ... 9. 11. 6. 14. 44. 47. 50. 43. 47. 42. 44. 43. 1 97 9-Q 1... -Q2. . . -Q 3 ... -Q 4 ... 15. 18. 23. 20. 45. 48. 52. 53. 40. 34. 25. 27. 1980-Q1... -Q 2 ... -Q 3 ... -Q 4 ... 24. 53. 29. 19. 50. 36. 51. 56. 26. 11. 20. 25. 1 9 8 1 -Q 1 .. . -Q 2 ... -Q 3. . . — Q 4 .■• 31. 27. 36. 39. 48. 52. 42. 46. 21. 22. 22. 15. 1982-Q1. . . -Q 2. . . -Q 3 ... -Q 4 ... 26. 32. 28. 30. 46. 46. 48. 44. 28. 22. 24. 26. I I I 1 1 1 1 i 1 1 1 1 1 1 1 1 1 1 1 1 1 J 1 1 1 J 1 1 1 1 1 1 i 1 1 1 J 1 J 1 1 1 1 1 1 1 1 1 1 34. 31. 59. 64. 6. 5. 1 1 15. 16. 55. 62. 30. 2 2 .. 21. 18. 21. 17. 71. 76. 72. 75. 8. 6. 8. 8. 17. 11. 14. 13. 57. 75. 59. 58. 26. 15. 26. 29. 14. 12. 15. 18. 81. 82. 73. 75. 5. 7. 13. 7. 9. 12. 11. 15. 61. 67. 56. 54. 30. 22. 33. 31 . 1 1 1 1 15. 14. 15. T8. 77. 72. 72. 73. 8. 14. 14. 9. 10. 11. 13. 12. 57. 61. 57. 60. 33. 28. 30. 28. 1 1 1 i 1 1 1 1 1 1 12. 19. 17. 16. 78. 73. 71. 72. 10. 8. 12. 12. 18. 11. 21. 13. 61. 77. 70. 66. 21. 13. 9. 21. 21. 46. 24. 19. 68. 47. 67. 67. 11. 7. 10. 14. 22. 41. 22. 21. 65. 52. 67. 63. 13. 7. 11. 15. 28. 19. 27. 31. 63. 70. 60. 66. 10. 11. 13. 3. 4 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 4 J 27. 27. 25. 24. 59. 65. 57. 55. 14. 7. 18. 21. 23. 28. 28. 26. 68. 64. 62. 69. 9. 8. 10. 5. 1 1 1 ! 1 23. 29. 22. 16. 54. 59. 51. 56. 23. 12. 27. 28. 54. 38. 30. 42. 16. 20. 28. 30. 27. 41. 45. 55. 55. 46. 27. 15. 17. 13. 27. 24. 23. 18. 57. 62. 59. 59. 15. 14. 18. 23. 13. 18. 11. 16. 60. 46. 56. 45. 27. 36. 32. 39. 18. 22. 29. 19. 47. 51. 55. 60. 35. 27. 16. 21. 33. 67. 35. 31. 51. 33. 56. 58. 16. 1. 9. 11. 43. 38. 50. 46. 49. 58. 43. 46. 8. 4. 6. 7. J 41. 40. 32. 26. 49. 51. 52. 51. 10. 9. 16. 23. 1 1 1 1 J 1 1 1 13. 15. 36. 49. 52. 36. 7. 7. 7. TO. 43. 46. 45. 43. 50. 47. 48. 47. 8. 5. 3. 11. 44. 38. 40. 42. 48. 57. 56. 47. 6. 10. 5. 11. 44. 36. 44. 46. 49. 54. 51. 43. 10. 14. 19. 11. 40. 41. 44. 51. 50. 4 5. 36. 39. 21. 34. 13. 1 1. 39. 40. 52. 47. 40. 26. 34. 42. 4 4 21. 17. 23. 28. 45. 43. 44. 44. 34. 41. 33. 28. 1 1 1 1 1 17. 25. 21. 21. 39. 4 4. 36. 45. 44. 31. 43. 34. 1 1 1 1 J 4 1 1 1 1 1 1 1 1 1 1 1 i 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 J 4 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 J 1 4 1 1 29. 15. 42. 50. 30. 36. 10. 16. 14. 16. 57. 50. 52. 49. 33. 34. 35. 36. 15. 14. 15. 30. 50. 48. 47. 43. 35. 38, 38. 27. 31. 28. 23. 20. 45. 48. 47. 51. 24. 24. 30. 29, 22. 18. 14. 19. 51. 4 8. 54. 45. 27. 33, 33, 36, 22. 52. 34. 27. 44. 35. 53. 56. 34, 13. 14, 18, 41. 35. 40. 41. 42. 47. 45. 45. 17, 18, 15, 14, 46. 55. 56. 53. 41. 39. 36. 39. 13, 6, 8, 8, 53 QUARTERLY SURVEY OP AGRICULTURAL CREDIT CONDITIONS, ELEVENTH FEDERAL RESERVE DISTRICT— PEDERAL RESERVE BANK OF DALLAS TABLE 3 4 4 .3Q AVERAGE LOAN/DEPOSIT R AT IO , AND PERCENTAGE OF BANKS REPORTING OTHER CONDITIONS THAT REFLECT RELATIV E CREDIT AV A I L A B IL I TY REFUSED OR | REDUCED A |ACTIVELY FARM LOAN |SEEKING REQUEST IN J NEW HIGHER PREVIOUS J FARM THAN QUARTER DUE| LOAN DESIRED TO SHORTAGE!ACCOUNTS _OF_FUNDS__ J________ NUMBER OF FARM LOAN REQUESTS REFERRED TO— ' LOAN/DEPOSIT RATIO IS— D A T E OF SURVEY AVERAGE LOAN/DEPOSIT RATIO (PERCENT) LOWER THAN DESIRED ABOUT RIGHT 1.975-Q3. . . J -Q 4 . . . | 58. 55. | | 25. 29. 55. 55. 20. 16. 1976-Q1... | -Q 2 ...| -Q 3 ... J -Q 4 ... | 54. 55. 58. .60. 37. 37. 26. 24. 46. 48. 56. 50. 17. 15. 19. 26. 197 7-Q 1 ...J -Q 2 ...| - Q 3 . .• | -Q 4 ... | 57. 58. 62. 63. j 1 J I J | 1 I | 25. 31.. 22. 21. 59. 53. 53. 52. 16. 17. 26. 28. 1 9 7 8 -Q l . . . -Q 2 . . . -Q 3 ... -Q 4 . . . J | | | 60. 59. 62. 63. 21. 2 5. 21. 15. 56. 51. 47. 54. 23. 24. 31. 31. 1:979— Q1•■ • | -Q 2. . . J -Q 3 ... J -Q 4 ...| 60. 60. 62. 63 . 22. 20. 19. 15. 52. 55. 55. 61. 26. 25. 26. 24. 1980-Q 1...J -Q 2 ... J -Q 3 .. . J -Q 4 ... J 59. 58. 60. 59. . 23. 17. 30. 30. 63. 63. 57. 55. 14. 19. 13. 15. 1981-Q1... | -Q 2 . . • 1 -Q 3. . . 1 -Q 4 ... | 57, 56. 57. 58. | | 1 1 I | | I 1 1 J 1 | J 1 1 j | ! 31. 38. 40. 42. 54. 49. 46. 42. 15. 12. 14. 15. 1982-Q 1... | -Q 2 .* . J -Q3. . . 1 -Q 4 ...| 57. 55. 59. 59. I ) i j 36. 46. 13. 16. 47. 43. 50. 48. 17. 10. 37. 36 . | | J J | 1 1 11. 12. 40. 44. 8. 7. 7. 13. 4 9. 51. 50. 4 5. 10. 10. 15. 9. 50. 49. 44. 39. 9. 15. 14. 22. 36. 36. 32. 32. | | | | I | | | | 23. 22. 24. 18. 28. 30. 33. 35. 14. 21. 18. 9. 37. 20. 36. 41. J | | | 1 1 | | | 7. 6. 6. 7. 39. 44. 44. 41. 7. 6. 6. 8. 37. 38. 36. 34. J | | 1 I 1 | | | CORRESPONDENT BANKS, COMPARED WITH USUAL NUMBER LONER 1 ) 1 1 1 1 1 1 J 1 1 1 1 1 1 ! 1 I 1 1 ! 1 ! ! 1 1 1 1 i 1 1 1 1 1 1 1 1 SAME HIGHER 27. 28. 61. 60. 13. 12. 22. 20. 16. 19. 66. 69. 72. 63. 13. 11. 11. 18. 16. 18. 17. 12. 70. 72. 66. 68. 14. 10. 17. 20. 10. 10. 7. 8. 74. 73. 73. 68. 15. 17. 20. 24. 15. 9. 14. 13. 69. 75. 69 . 71. 17. 16. 17. 16. . 18. 20. 14. 14. 74. 69. 78. 78. 8. 12. 8. 8. 14. 12. 11. 16. 76. 79. 80. 78. 10. 9. 9. 6. 15. 1 1. 23. 12. 74. 78. 64. 76. 10. 11. 13. 12. NONBANK AGENCIES, COMPARED WITH USUAL NUMBER LOWER 1 I 1 1 1 1 1 ! I 1 I 1 1 1 i 1 1 1 I 1 J 1 J 1 1 1 1 1 I 1 l 1 1 1 l 1 1 SAME HIGHER 17. 14. . 59. 6 5. 22. 20. 19. 16. 13. 17. 63. 71. 80. 74. 18. 13. 7. 9. 12. 13. 14. 7. 73. 65. 65. 64. 15. 22. 21, 29. 8. 8. 8. 5. 61. 64. 63. 60. 31. 28. 29. 35. 6. 7. 7. 13. 55. 63. 67. 67* 38, 30. 26. 20. 14. 9. 9. 11. 63. 58. 68. 68* 23. 33. 23, 21. 8. 7. 9. 10. 65. 66. 71. 72. 27, 27. 20. 18. 10. 7. 11. 12. 69. 66. 61. 69. 21. 26. 28. 19. QUARTERLY SORVEY OF AGRICULTURAL CREDIT CONDITIONS, ELEVENTH FEDERAL RESERVE D IS T R I C T — FEDERAL RESERVE BANK OF DALLAS TABLE 3 4 4 . 4Q HOST COMMON IN TEREST RATES CHARGED ON FARM LOANS (AVERAGE, PERCENT) 1 | | 1 J 19 7 5- Q 3 . . . 1 -Q 4 ... | DATE OF SURVEY FEEDER CATT LE LOANS OTHER OPERATING LOANS INTERMEDIATE-TERM (1 TO 7 YEARS) LOANS LONG-TERM REAL ESTATE LOANS 9.47 9 .6 0 9 .3 9 9.-41 9 .3 6 9. 44 9 .2 6 9 .3 2 1976-Q1... | -Q 2 ...I -Q 3 ...J -Q 4 ... i 9 .46 9 .3 4 9 .3 3 9 .3 3 9 .42 9 .33 9 .29 9 .31 9. 42 9.40 9 .4 0 9. 41 9 .3 6 9.35 9 .3 6 9 .3 5 1977-Q 1... 1 -Q 2 ...J -Q 3 ... | “ Q4. a • 1 9 .2 7 9 .3 0 9 .28 9 .3 0 9 .2 8 9 .2 5 9 .2 4 9 .2 6 9.37 9 .3 7 9 .4 0 9 . |)3 9.31 9 .3 2 9 .3 3 9 .39 1978-Q1... -Q 2 . . . -Q 3 ... —Q4. •. | | I | 9 .3 9 9.43 9 .5 3 9 .75 9 .3 7 9 .4 2 9 .5 0 9 .7 4 9.46 9 .5 2 9 .5 8 9 .79 9 .4 4 9 .4 8 9.56 9 .77 197 9-Q 1 ...J -Q 2 ... | -Q 3 ...| -Q 4 ...| 10. 10 10.25 10.35 11.42 10.07 10.25 10.34 11.33 10.08 10.24 10.35 11.31 9 .9 9 10. 12 10. 19 10.91 1 9 8 0 -Q 1 .. . -Q 2 . . . -Q 3 ... -Q 4 ... | | | J 13. 12 16. 18 13.24 13.33 13.02 15 .79 13.21 13.30 12.92 15. 76 13. 17 13.35 11.92 15. 14 12.83 12.96 1981-Q1... 1 -Q2. . . | -Q 3 ...I — Q 4 . •• | 1 1982-Q 1... | -Q 2 . •• | — Q3. . • | -Q 4 ...| 18.59 17.56 19. 16 19.67 18.38 17 .36 19.02 19.37 17.87 17.01 18. 87 19.23 17.09 16.19 18. 10 18.84 17.28 17.63 17.54 15.56 17.55 17.44 17.56 15.67 17.28 17.49 17.71 15.91 17.56 17.58 17.49 15.92 54 QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, ELEVENTH FEDEBAL BESEBVE DISTRICT— FEDEBAL RESERVE BANK OF DALLAS TABLE 34-4. 5Q TRENDS I N FARM BEAL ESTATE VALDES AND LOAN VOLUME DATE OF SURVEY DOLLARS PER DRY LAND IRRI GATED ***** ***** ***** ***** 1 .9 7 6 - Q f. .. -Q 2. . . -0 3. . . ***** ***** ***** ***** 397. 652. 387. 670. 1 o 1975-Q 3... -Q 4 ... MARKET VA10E OF GOOD FARMLAND | PERCENTAGE OF BANKS EXPECTING __________________________________ ' __________________________ J FARM BEAL ESTATE LOAN VOLUME | PERCENTAGE CHANGE | PERCENTAGE CHANGE |PERCENTAGE OF BANKS EXPECTING| DUBINS THE CURRENT QUARTER, FROM PREVIOUS j FROM PREVIOUS AS COMPARED WITH VOLUME HADE ACRE I TREND DURING THE CURRENT I QUARTER | YEAR QUARTER TO BE— A YEAR EARLIER, TO BE— 1 1 J A DOWN 1 STABLE UP LONER IR R I RANCH-1 I R R I RANCH-1 DRY RANCH-| DRY SAME HIGHER LAND I LAND GATED LAND 1 LAND GATED LAND 1 1 1 1 ***** ***** ***** | ***** ***** ***** 1 ***** 4. 87. 9. 31. 57. 12. ***** 1 ***** ***** ***** j ***** ***** ***** i 3. 7 8. . 19. 67. 22, 1 1. 1 1 ***** J ***** ***** ***** | ***** ***** ***** 1 3. 81. 16. 16. 72. 12. ***** 1 ***** ***** ***** | ***** ***** ***** i 3. 17. 80. 16. 12. 72. 1. 76. 23. 18. 68 . 274. 1 ***** ***** ***** j ***** ***** ***** | 13. ***** ***** ***** 1 284. 1 - 2 . 5 2 .8 3.6 | 3. 76. 21. 16. 67. 17. 1 i 5. 76. 19. 18. 66. 287. 1 2.1 2 .2 16. 1.1 1 ***** ***** ***** 1 0. 0 - 0 . 3 | ***** ***** ***** | 27. 4. 69. 17. 66. 286. 2.0 17. 2 .7 5 .4 5.9 | 4 .3 10.7 10.6 j 20. 303. j 7. 73. 13. 66. 21. 295. 1 13. 71. 16. 0 .2 -3 .0 -2 .6 | 7 .2 4. 5 3 .9 1 23. 62. 16. 1977-Q 1... -Q 2 ... -Q 3 ... -Q 4 . . . 395. 403. 414. 415. 685. 685. 722. 700. 1978-Q 1... -Q 2 ... -Q 3. . . -Q 4 . . . 435. 441. 449. 4 81 . 704. 726. 781. 776. 300. 304. 344. 342. 1 97 9-Q 1... -Q 2 ... -Q 3 ... -Q 4 ... 474. 519. 508. 539. 828. :928. 866. 833. 369. 378. 394. 422. 1 980-Q 1... -Q 2 ... -Q 3 ... -Q 4. . . 545. 573. 57*. 551. 921. 954. 988. 970. 399. 409. 419. 407. 1981-Q 1... — Q2. . . -Q 3 ... -Q 4 ... 597. 646. 643. 630. 1064. 1057. 1076. 1059. 405. 460. 485. 473. 1982-Q 1... -Q 2 ... -Q 3. .. -Q 4. . . 661. 680. 718. 725. 1097. 1057. 1130. 1028. 493. 552. 536. 544. J J 1 1 1 1 1 | 1 1 1 1 1 1 1 1 1 | 1 1 1 j i i 10. 1 9 .4 8 .5 15.9 2 .8 6. 0 8 .2 10.9 4 .5 * 6 .3 1 13. 5 1 15.9 i 9 .0 17.7 13. 1 12. .1 17.6 2 7.8 10.9 7 .3 23.0 2 4 .3 14.5 23. 4 10.6 3 .6 3.6 -1 .8 7.9 J 2.4 | 4 .2 | 7 .1 i I -5 .5 | 2.5 | 2 .4 | -2 .9 ] 15.0 10.4 13.4 2 .2 11.2 2 .8 14. 1 16. 4 8. 1 8 .2 6 .3 -3 .6 8 .3 8 .2 -0 .5 -2 .0 9. 7 -0 . 7 1.8 -1 .6 -0 .5 13.6 5. 4 -2 .5 | | | | 9 .5 12 .7 11 .6 14.3 15 .5 10.8 8. 9 9 .2 1. 5 12 .5 15.8 16. 2 4 .9 2.9 5.6 1.0 3.6 -3 .6 6 .9 -9 .0 4.2 1 2. 0 -2 .9 1.5 | | | | _ 1. 10.7 5.3 11.7 15. 1 3. 1 0.0 5 .0 -2 .9 1 21. 7 20.0 | 10. 5 1 15 .0 1 4 .8 1.4 1.8 7. 1 0. 6 3. 1 7 .6 -0 .6 1.7 1. 3 13.2 -0 .6 -1 .5 9 .5 -2 . 1 6. 1 6. 12. -6 . -3 . 1- 1 5.1 0 .5 -4 .3 1 | | | n. 2. 1. 2. 76. 70. 77. 72. 13. 28. 21. 26. 16. 17. 14. 24. 64. 67. 63. 65. 19. 16. 23. 12. . 3. 2. 3. 2. 71. 68. 70. 62. 27. 29. 27. 36. 25. 28. 27. 26. 6 1. 61. 61. 56. 13. 11. 12. 18. 3. 12. 8. 3. 70. 75. 79. 74. 27. 13. 13. 23. 41. 69. 45. 26. 51. 29. 51. 66. 8. 2. 4. 8. 7. 4. 4. 10. 70. 75. 75. 76. 24. 21. 21. 14. 43. 36. 43. 45. 51. 56. 51. 52. 5. 8. 5. 3. 13. 21. 77. 72. 10. 7. 40. 49. 54. 49. 54. 48. 41. 43. 6. 3. 5. 8. J 7 1 7 8 \ 1 1 1 1 1 1 1 1 1 1 i j J ' *** *** *** *** *** *** DURING 1981 AND 1982, UNUSUAL V A R I A B I L IT Y I N SURVEY RESPONSE AFFECTED THE COMPARISONS OVER TIME SHOWN ABOVE. I N 1982, CHANGES IN THE SURVEY PANEL DESIGNED TO IMRROVE SURVEY RESPONSE TEHFOBABILY HAD A SIMILAR EFFECT. FOB COMPARISONS USING ONLY BANKS THAT RESPONDED CN BOTH OF THE SURVEY DATES INVOLVED, SEE THE S T A T I S T I C A L RELEASE ISSUED BY THE FEDEBAL RESEBVE BANK OF DALLAS. 55 QUARTERLY SURVBY O f AGRICULTURAL CBBOIT CONDITIONS, F IF T H FEDERAL RESERVE D I S T R I C T - F E D E R A L RESERVE BANK OF RXCHHORD TABLE 3 4 5 . IQ CURRENT FABB NON-BBAL-BSTATE LEM D U G EXPERIENCE. COE PABED NITH USUAL CONDITIONS PERCENTAGE OF BANKS REPORTING DEMAND FOB LOANS 1 DATE OF | SURVEY | LONER SABB RIGBBR ____________ L_ 1 197 5-Q 4 ...I 2 1. 51. 28. FOND A V A I L A B IL I T Y LONBR SABB HIGHER 10. 46. •4«. 12. 6. 0. 11. 66. 71. 74. 74. 21. 23. 26. 14. 6. 6. 3. 3. 44. 43. 63. 68. 50. 51. 34. 29. 0. 6. 6. 12. 85. 60. 58. 62. 15. 34. 36 . 27. 3. 0. 6. 9. 50. 63. 72. 71. 47. 37. 22. 21. 1 97 8-Q 1...J -0 2 ... | -0 3 ... | -C 4 ... | 7. 2 1. 19. 10. 60. 36. 69 . 61. 33. 42. 13. 29. 10. 27. 3 6. 32. 73. 67. 50. 65. 17. 6. 7. - 3. 1 97B-Q 1...I -Q 2 ...I -0 3 ...| -0 4 ...1 13. 9. 7. 16. 63. 65. 68. 58. 25. 27. 26. 26. 31 . 27 . 3 6. 26. 66. 74. 65. 74. 3. 0. 0. 0. 1960-Q 1... | -Q 2 ...I -0 3 ... | —Q 4 .••| j 1981-Q 1...J -0 2 ...1 -0 3 ... | —04. • . J 2 1. 43. 46. 44. 57. 37. 37. 38 . 21. 20. 17. 18. 21. 34. 14. 15. 71. 66. 66. 59. 7. 0. 20. 27. 56. 47 . SB. 48. 27. 33. 3 0. 48. 18. 20. 12. 3. 12. 3. 6. 0. 65 . 63. 55. 58. 24. 33. 39. 42. 1982-Q 1...I -0 2 ... | -0 3 ... | -Q 4 ...J ____________ L . 39 . 46. 47. 48. 42. 46. 44. 45. 18. 9. 9. 7. 6. 3. 3. 0. 59. 60. 56. 48. 35. 37. 41. 52. 1976-Q1...| -0 3 ... J -Q 4 ... | I o f • • 1 97 7-Q 1 ...J -Q 2 . . . 1 -Q 3 .| 1 1 1 LOAN RBPAYHENZ BATE 1 1 1 I 1 1 1 1 1 1 i 1 1 1 1 1 I 1 J 1 J 1 1 1 1 1 < 1 1 1 1 1 1 J 1 | LONER SABB HIGHER 31. 62. 8. 21. 20. 0. 11. 71. 77. 97. 86. 9. 3. 3. 3. 24. 6. 11. 24. 77. 91. 89. 74. 0. 3. 0. 3. 57. 30. 13. 10. 37. 70. 84. 81. 7. 0. 3. 10. 6. 6. 7. 10. 78. 85. 87. 87. 16. 9. 7. 3. 29. 37. 29. 47. 68. 60. 69. 53. 4. 3. 3. 0. 50. 37. 33. 26. 47. 63. 64. 65. 3. 0. 3. 10. 35. 46. 35. 35. 65. 54. 65. 62. 0. 0. 0. 3. REEBHALS OR EXTENSIONS! I LONBR SABB HIGHER 1 | 1 5. 67. 28. J ! 71. 27. 3. 1 0, 80. 20. 1 11. 86. 3. 1 ~ 9. 03. 9. 1 ! 59. 12. 29. J 6. 83. 11. 1 14. 0. 86. ! 67. 30. 3. 1 1 33. 3. 63. 1 3. 61. 36. 1 81. 16. 3. 1 16. 68. 16. 1 ) 16. 75. 9. 1 85. 12. 3. 1 0. 90. 10. 1 3. 84. 13. 1 1 0. 57. 43. 1 54* 3. 43. 1 36. 63. 3. 1 3. 444 531 1 6. 35 . 59. 1 0. 57. 43. 1 3. 64. 33 . 1 10. 6 1. 29. 1 ! 0. 62. 38. 1 0. 54. 46. 1 65. 32. 3. 1 3. 59. 38. 1 COLLATERAL REQUIRED LONER SAHE HIGHER 0. 77. 23. 0. 0. 0. C. 76. 80. 83. 80. 24. 20. 17. 20. 0. 0. 3. 0. 79. 79. 81. 85. 21. 21. 17. 15. 0. 0. 3. 0. 77. 73. 78. 84. 23. 27. 19. 16. 0. 0. 0. 0. 75. 76. 71. 74. 25. 24. 29. 26. 0. 0. 0. 3. 69. 43. 77. 65. 31. 57. 23. 32. 0. 0. 0. 0. 77. 69. 73. 61 . 24. 31. 27. 39. 0. 0. 6. 0. 50. 40. 38. 62. 50. 60. 56. 38. QUARTERLY SURVEY OF AG8ICOLTORAL CREDIT CONDITIONS, F I F T H FEDERAL RESERVE D IS T R I C T — FEDERAL RESERVE BANK OF RICHMOND TABLE 3 4 5 . 2Q PARE N O N -R IA L -B S T A T I LOAN VOLUME EXPECTED DURING THE CURRENT QUARTER, COMPAR ED NITH VOLUHE OF LOAMS HADE A YEAR EARLIER PERCENTAGE Of BANKS REPORTING TOTAL 1 1 | J | LONER SAH1 HIGHER 1 1 | 1 J 1 9 7 5 - Q 4 . . . | 13. 58. 29. 1 | f t 1 1 976-Q 1...J 6* 61. 33 . 67 . -Q 2 ...I 0. 33. 1 -Q 3 ... | 6. 66. 29. -Q 4 . •• | 77. 20. 3. 1 1 1 9 7 7-Q 1 ...I 3. 73. 24. 1 0. 31. 69. -Q 2 ... | 1 6. 56. -Q 3 .. . f 39. 1 6. -Q 4 ... | 64. 30. 1 1 7. 1978—Q I. • • | 62. 31. 1 SO. 34. -Q 2 ...J 16. 1 -Q 3 . •• | 19. 59. 22. j 10. 72. - Q 4 . . . | 17. 1 16. 1979-Q 1...| 55. 29. 1 6. 36. -Q 2 ...J 58. 1 -Q 3 ...| 17. 62. 21. -Q 4 ...J 23. 57. 20. 1 1 54. 25. 1980-Q 4...| 21. 1 —Q 2 . •• | 50. 32 . 18. 1 - Q 3 . . . | 33 . 52. 15. 1 - Q 4 . . . | 32. 45. 23. i 1 20. 37. I9 8 1 -Q 1 ...I 43. 1 41. 26. - C 2 . . . | 33. 1 36. 43. -Q 3 ...| 21. 1 14. -Q 4 ... j 31. 55. 1 1 17. 1982— Q 1 . . . | 20. 63. 1 59. 15. - Q 2 . . . | 27. 1 58. 3m - Q 3 . . . 1 33. 1 — Q4. •. | 46. 14. 39. DATE OF SURVBX __________________ L JL PERD1B CATTLE L C I I B SANS HIGHER DAISY | CROP STORAGE 1 LONER SAHB BIGBBR I LONBR SAHB HIGHER 1 1 76. 58. 12. 28. 12. 1 14. FARH HACHINBRY OPERATIBG LOUIS SAHE HIGHER LOBES SAHE HIGHER 39. 52. 9. 8. 59. 33. 18. 49. 33. 37. 14. 19. 26. 56. 61. 68. 6 8. 7. 25. 13. 7. 25. 10. 16. 12. 57. 66. 66. 73. 18. 24. 19. 15. ! 1 | 1 23. 19. 16. 7. 55. 69. 48. 61. 23. 13. 16. 32. 3. 0. 3. 6. 47. 54, . 66. 77. 50. 46. 31. 17. 21. 11. 17. 9. 41. 49. 60. 69. 38. 40. 23. 23. 19. 7. 28. 14. 78. 87. 66. 64. 4. 7. 7. 21. 11. 10. 23. 17. 79. 81. 70. 72. 11. 10. 7. 10. | 1 1 I 10. 9. 15. 19. 73. 82. 55. 41. 17. 9. 30. 41. J. 3. 8. 9. 56. 49. 36. 44. 41. 49. 56. 47. 6. 3. 17. 24. 68. 57. 47. 59. 27. 40. 36. 18. 15. 10. 21. 7. 74. 80. 71. 71. 11. 10. 7. 21. 11. 17. 21. 10. 85. 80. 79. 90. 4. 3. 14. 28. 13. 10. 57. 69. 67. 53. 20. 37. 13. 24. 16. 23. 37. 36. 44. 55. 50. 39. 41. 23. 30. 30. 31. 23. 53. 46. 38. 48. 17. 24. 31. 29. 15. 11. 27. 19. 70. 71. 69. 82. 15. 18. 4. 0. 17. 19. 22. 25. 72. 75. 74. 68. 10. 6. 4. 7. 23. 30. 14. 28. 65. 58. 62. 48. 13. 12. 24. 24. 19. 6. 19. 23. 47. 50. 48. 42. 34. 44. 32. 36. 16. 12. 26. 19. 56. 65. 48. 71. 28. 24. 26. 10. 26. 59. 42. 31. 70. 41. 58. 55. 4. 0. 0. 14. 26. 43. 31. 45. 74. 57. 6 6. 41. 0. 0. 3. 14. 1 | | 1 1 1 | 1 | I 1 I | 1 | 1 | 29. 3. 0. 0. 26. 53. 32. 44. 56. 38. 50. 31. 19. 9. 18. 25. 11. 34. 17. 29. 46. 40. 49. 35. 43. 26. 34. 35. 32. 69. 57. 56. 54. 31. 34. 29. 14. 41. 36. 50. 36. 50. 52. 50. 64. 9. 12. 0. 31. 32. 40. 24. 66. 61. 57. 72. 3. 7. 3. 3. 41. 38. 38. 31. 44. 55. 53. 55. 15. 7. 9. 14. 29. 20. 21. 32. 35. 50. 55. 52. 35. 30. 24. 16. 56. 47. 55. 55. 27. 43. 39. 32. 18. 10. 31. 35. 28. 33. 50. 56. 53. 4 8. 19. 9. 19. 19. 29. 20. 18. 35. 38. 4 9. 67. 48. 32. 31. 15. 17. • 53. 46. 53. 52. 35. 46. 38. 41. 12. 1 23. 23. 31. 27. 67. 67. 62. 62. 0. 10. 10. 7. 12. 22. 32. 32. 32. 66. 55. 58. 61. 13. 13. 10. 7. 1 1 | 1 | | [ | \ | | | | i J 0. 9. 15. 6. 13. 9. 9. 7. 56 QUARTERLY S0BVB7 CP AGAICOLTIEAL C1BDIT COVDXTXOIS, PXPTH PBDBBAL BBSBBTB DISTRICT— PBDBBAL BBSBBTB BABK OP 3XCBB0ID TABLE 34 5.30 IT B B A O B L O A i / D I P O S J T S A T 1 0 , ABO P B B C B B S A G B O f B A 1 K S B B F 0 B X X I 6 O T B B B C O I O X T X O I S X B A T B B P X B C T I B L A X X V B C B B D X f A V A I L A B I L I T Y B E P O S B D OB | I0BBBR CP PABB LOAI BBQBBSTS BBPBBBBD TO— B B D O C B D A |A C T X V B L Y C O B I B S P O I D I I T B A IK S BOI P A B I L O A I |S B B K IIG IC XB S B E Q O IS T I I j IB I | C O B P A IB D B IT H | C O B P A JB D U S B B XGBBB P B B V IO O S | PABB K )IB | O S O A L IO B B B B QOABTBB D0B| LO AI IO IB | O S O A L IO B B B B THAI D B SXB B D T O S B 0 B T A 6 1 |A C C O O IT S I ______________________ I______________________ . m m s i a J L m a i i , ______U r Q i M . S l f l l B M B M ./b i b s 1 __________ L O A I/ D B P O S JT R A T IO I S — A7B R A C E L O A C / .R P O S X T U X iO (P B B C B 1 T ) D A T E OP SOBVBI LO V B B TBAI D B SXB B D ABOUT B IG B X or 8. 63. 1 *** ••• ••• 3. 3. 3. 0. 62. 71. 59. 65. 1 | | 1 76. 63. 70. 71. 0. 11. 0. 3. 21. 26. 27. 24. 0. . 0. 0. 0. 71. 82. 72. 68. | | | 1 70. 65. 66. 72. 6. 3. 3. 3. 21. 3 2. 31. 25. 3. 3. 13. 13. 73. 64. 56. 60. j 1 | 1 78. 71. 83. 7 1 .. 0. 3. 0. 0. 22. 26. 13. 29. j j | | 13. 6. 10. 7. 66. 68. 61. 61. 1 1 i | 72. 74. 6 3. 76. 0. 0. 3. 0. 28. 23. 30. 24. 1 | | | s 1 6. t 3. | 15. | 0. | I 6. ( 3. | 3. | S. | __________L 7. 20. 9. 6. 64. 34. 63. 68. I 1 i | 78. 75. 79. 76. 0. 4. 6. 3. 22. 14. 12. 14. 3 .. 0. 3. 0. 7 1 .. 73. 70 . 77. 1 | 1 1 76.. 82. 75. 75. 10 . 0. 0. 7. 10 . 18 . 25. 14. 0. 0. 0. 0. 71. 71. 56. 69 . | 1 | 1 81. 79 . 82. 77. 3. 0. 0. 0. 16. 18. 18. 23. 1975-Q 4... | 64. I 26. 6«. 10. 1976-01.. . J 60. 61. 64. 6 2. J j i i 47. 40. 30. 34. 44. 54. 55. 57. 9. 6 .. 15. 9. 6 2. 64. 66. 6 5. 42. 34. 27. . 36. 5*1. 49. 54. 0. 17. 2 4.. 15. | 1 j | I | 1 | | | | 36. 25. 13. 20. 43. 53. 47. 47. 21. 22. 41. 3 i. | | | | 16. 15. 10. 10. 61. 62. 58. 73. 23. 24. 32. 17. is . 21. 14. 30. 57. 50. 6 1. 64. 29. 29. 21. 6. -0 3 ... i -Q4. . g j 1 9 7 7 -Q !...! -0 2 ...■ -0 3 ..- i -Q 4 ... | 1 1 9 7 8-0 1... | - C " ■•• | -U ...J — o. f 66. *5. 6i*. 67. 1 97 9-Q 1 ...J -0 2 ...| -Q 3 ... J — 'J4. . . | 65. 66. 68. 68. 1980-Q1. . . “ 0 2 ... -Q3. . . -Q 4 ... | 1 1 • 66. 66. 67. 65. 1 J i 1 i 1 1 1 | J | I | | J l j | | 1 9 8 1 -0 1 ... | ° f l 3 . •• 1 -0 3 ... i -OS. . . 1 63. 64. 64. 64. 1 J 1 I 39. 38. 33. S2. 55. 59. 5 2. 58. 1982-01.. . J -0 2 ... | -0 3 ... j 04 . a « | ______ 1__ 63. 64. 64. 62. i 52. J 39. 1 4 5 .. 1 50. _________ 1 42. 5<i. 52. 46. ••• 1 1 3. 1 0. 1 3. 1 3 .. 1 J 3. 1 0. 1 0. 1 0. 1 1 0. 1 0. 1 3. 1 o. 1 1 0. 1 3. 1 3. J 0. 1 1 0. J 7. 1 3. 1 7. 1 1 3. 1 0. i 0. 1 %. 1 1 0. i 3. 1 0. 1 0. 1 1 ••• ••• ••• ••• 3 8. 36. 47. 47. 6. 7. 0. 6. 47. 45. 50. 44. 9. 13. 3. 3. 41. 44. 48. 53. 9. 3. 7. 6. 47. 44. 36. 25. 3. 9. 10, 16. 43. 33. 48. 52. 0. 0. 0. 0. 29. 3 3. 36. 36. 29. 33. 16. 13. 3 9. 39. 45. 59. 0. 0. 0. 0. 48. 39. 41. 31. 13 . 23. 14. 10 . 58. S7. 52. 55. 0. 0. 0. 0. 23. 2 0. 36. 24. . 19. 33. 23. 21. 52. 52. 48. 52. 3. 0. 0. 3. 13 . 30. 31. 28. 3 2. 19 . 21. 17. 47. 59. 59. 56. 6« 0. 0. 0. 28. 29. 27. 37 . 19 . 12. 15 . 7. QOABTMLI S M T I I OP A6BICOLT ORAL CREDIT C0U2II0IS. FIFTH PBDBBAL BBSBBTB OISZBICT— PBOBBAL BBSBBTB BABB OP BICBBOBO TABLE 345.4Q T Y P I C A L I I T B B B S Z B A ZB S C B A B 6 B D 0 1 B A B B L C A B S { A V E R A G E , PBB C B I T ) 1 | | DATS O P SO B TB Y i 1 9 7 5 - Q 4 ..• | PB B D B B C A T T L E LC A B S OTBBB 0 P B B A T IB 6 K iA IS I IT B B B B D I A T B - S B B B (1 TO 7 YBABS) LO AB S L O B G -T B B B R E A L IS S A T B LO A B S 8 .9 8 8 .9 * 9 .5 3 9 .3 4 -0 4 ... J 8 .8 9 8 .8 8 8 .9 1 5 .7 7 8 .8 6 8 .9 0 8 .8 1 8 .7 5 9 .4 8 9 .2 9 9 .2 6 9 .2 0 9 .2 2 9 .2 6 9 . 19 9 .3 1 1 9 7 7 - Q 1 ...J - G 2 ...I - 0 3 ... | - Q 4 ...I 8 .8 9 8 .7 8 8 .8 4 8 .7 0 8 .8 9 8 . 73 8 .8 2 8 .7 4 9 .2 9 9 . 17 9 .2 6 9 .2 8 9 .2 8 9 .3 0 9 .3 5 9 . 27 1 9 7 8 - Q 1 ...I - 0 2 ...1 - 0 3 ... | - Q 4 ...J 8 .9 4 8 .9 9 9 .2 8 9 .6 5 8 .9 8 9 .0 8 9 .3 7 9 .5 4 9 . 46 9 .4 4 9 .6 9 1 0 .0 2 9 .4 2 9 .4 9 9 .6 0 9 .8 0 1 9 7 9 - Q 1 ...| - 0 2 ... j - 0 3 ...| - 0 4 ... | 1 0 .2 8 1 0 .9 0 1 1 .3 7 1 2 .0 5 1 0 .3 7 1 0 .7 4 1 0 .9 7 1 2 .0 8 1 0 . 52 1 1 . 17 1 1 .2 8 1 2 .2 7 1 0 .2 6 1 0 .9 4 1 1 .3 8 1 1 .9 4 1 9 8 0 - Q 1 ... | - Q 2 ...4 - 0 3 ... | —Q 4 . • • 1 1 2 .9 7 1 6 .5 5 1 3 .3 8 1 3 .8 4 1 3 .0 2 1 6 .3 7 1 3 .3 8 1 3 .7 4 1 3 .1 5 1 6 .8 5 1 3 . 60 1 4 . 16 13 . 11 1 6 .4 4 1 3 .6 6 1 3 .8 3 19 8 1— 1. Q -0 2 -0 3 . -Q 4 1 7 .1 6 1 6 .9 4 1 7 .8 9 1 8 .6 6 1 7 .2 3 1 6 .7 8 1 7 .7 8 1 8 . 52 1 6 .8 7 1 6 .7 4 1 7 .4 1 1 8 .9 0 1 6 .1 8 1 5 .9 7 1 6 .9 1 1 8 .2 4 1 7 .0 0 1 7 .1 6 1 6 .9 9 1 5 .5 5 * 6 . S7 1 7 .0 2 1 6 .9 9 1 5 .7 8 1 7 . 15 1 7 .4 1 1 7 .1 5 1 6 . 06 1 7 . 14 1 6 .9 5 1 7 . 19 1 6 .4 2 19 7 6 -Q 1. . . 1 - 0 2 ..* 1 — 3 ... 1 0 .. ... .. ... | f | | 1 ? 8 , ? - Q 1 .. . 1 -Q 2 . . a4 -0 3 . ..4 - o s ... | -----------------------L . Q0ABTBB1Y SOITBI OP 1GBICO1T0B11 CXI02S CONDITIONS, FXFTB FBDBBAL BBSBIVB DISTBICI— FBOBBAL BESBBTI BANK OF NICBHOID TABLE 345. 5Q 1BBI0S IB F1NH BXIL ESTATE YALOES AID LOAI YOLONB BABKBX YALOB OF 6000 FABBLAID PBBC1ITAGS CBAB6B DATS OF FJtOB FBBTIOOS— SOB?IT PBNCBBTAGB 07 BANKS EXPECTING TBBBO 00B2B6 IBB COBBBIT QOAftSBB TO BE— PBBCBITAGB OF BANKS EXPECTING F f f BBA1 ESTATE LOAN VOLOBB Ail DOBING TBB COBIBET QOABIEB, AS C0B7ABB0 NIXB YOLONB BAOB A YBAB BABLXB1, TO BB— I 1 1 1 1975-Q4...J FBI ACBB QOABTBfi LON SI SABI 777. ***** ***** 5. 82. 13. 11. 76. 13. 1976-Q1...J | -Q3.,.| -09*— 1 882. 810. 851. 860. 8.8 -3.8 5.1 2.1 ***** ***** ***** 11.8 3. 0. 0. 0. 79. 80. 86. 83. 18. 20. 18.. 17. 16. 18. 6. 12. 68. 61. 76. 70. 16. 21. 18. 18. 1977-Q1...| -Q2...I -03... | -Q8...J 906. 910. 937. 935. 8.3 0.8 2.9 -0.1 7.6 12.3 10. j 7.6 0. 0. 6. 0. 82. 82. 83. 98. 18. 18. 11. 6* 9. 6. 6. 13. 75. 70. 67. 75. 16. 24. 27. 13. 1978-Q1. •• | -Q2...I -Q3... | —Q4...| 1017. 1071. 1078. 1105.. 8.7 5.3 0.3 2.9 12.3 17.7 18.7 18.1 3. 0. 0. 0*. 87. 76. 75. 78. 10. 29. 25. 26. 17. 23. 28. 20.. 70. 68. 63. 70. 13. 10. 9. 10.. 1979-Q1... | -02... 1 -03... | -Q4. . • | 1079. 1165. 1192.. 1222. -3.8 8.0 2.3 2.5 6.1 8.8 11.0 10.6 0. 0. 0. 0. 66. 89. 65. 81. 34. 52. 36. 19. 35.. 22. 18. 32. 59. 53. 57. 61. 7. 25. 25. 7. 1980-Q1.••| -02... | -03... I -Q8... | 1.231. 1270. 1318. 1353. 0.7 3.2 3.8 2.7 18.1 9.0 10.6 10.7 0. 31. 9. 3. 79. 63. 86. 82. 21. 6. 6. 15. 33. 65. 56. 89. 63. 35. 35. 39. 4. 0. 9. 12. 1981-Q1...j -02...I -03... | -oo...1 1277. 1265. 1336. 1337. -5.6 -0*9 5.6 0.1 3.7 -0.8 1.8 -1.2 85. 80. 88. 98. 12. 17. 9. 3. 46. 32. 37. 46. 39. 57. 53. 50. 15. 11. 10. 4. 1982-Q1...| -Q2...I -03... I -08. .. 1 1273. 1288. 1262.. 1983. -8.8 0.9 -1.7 -9.8 -0.3 1.5 -5.5 -18.5 82. 63. 82. 59. 3. 0. 0. 0. 44. 41. 50. 57. 50. 59. 50. 43. 6. 0. 0. 0. YBAB BONN 3. 3. 3.. 3. 15. 37. 18. 81. STABLB OP ' HIGHS* 58 Coverage and procedures of surveys in Section 340 Five Federal Reserve Banks conduct quarterly surveys of credit conditions at couercial banks that are involved in fare lending. Each of the surveys is eade as of the first day of January, April, July, and October. These dates correspond to lines 01 through 04, respectively, in the tables. Each of the Federal Reserve Banks issues a quarterly report on its survey results, available froe the Reserve Bank on request. Section 341, Seventh District, Chicago The Federal Reserve Bank of Chicago has conducted a quarterly land value and credit conditions survey for over 25 years. Over this tiee the survey has undergone several changes, thus historical data for the and current series are available for varying tiae periods. Before 1973, the survey covered only banks that were aeabers of the Federal Reserve Systee. Froa 1969 to 1972, for exaaple, the banks surveyed were aeaber banks at which fare loans coaprised 10 percent or sore of total loans as of 1968. That sanple nuabered about 550 banks— about 60 percent of all District aeaber banks. In January 1973, the survey was broadened to cover nonaeaber banks at which fare loans coaprised 25 percent or aore of total loans as of June 1972 (except in Michigan, where the criterion was set at 10 percent). A total of 476 nonaeaber banks, representing 20 percent of all nonaeaber banks in the District, responded to a request to participate in the survey. As of 1973, therefore, the total survey saaple (both aeaber and nonaeaber banks) rose to over 1,000 banks, or about 40 percent of all banks in the District. A typical response rate each quarter is about 75 percent. Section 342, Ninth District, Minneapolis The Federal Reserve Bank of Minneapolis initiated a quarterly agricultural credit conditions survey in 1964. The survey panel and questionaire have reaained highly coaparable over tiae, but wording of aany questions was altered in April 1981 as footnoted in the tables. Aaong the five Reserve Bank surveys, this survey provides exceptionally long and broad coverage of agricultural credit conditions, spanning several lonetary and fara incoae cycles. The survey panel was chosen froa aaong bankers engaged in fara lending to provide a geographical and bank-size cross section of the banks in the District. The core of the panel consists of aeabers of the Upper Midwest Agricultural Credit Council, an organization of agricultural representatives and lending officers of Ninth District banks. The initial survey in 1964 covered 75 bankers. Over tiae, the panel was enlarged; as of 1973, it covered 175 banks. The response rate, initially about 90 percent, has ranged between 60 and 70 percent in recent years. Section 343, Tenth District, Kansas City The Federal Reserve Bank of Kansas City iapleaented a quarterly agricultural on January 1, 1976. An initial saaple of 196 banks was selected prisarily froa aaong which fara loans coaprised 50 percent or aore of total loans. The saapling procedure of all geographic regions and faraing areas in the District. As of July 1977, the saaple consisted of 188 banks. Virtually all surveyed Follow-up calls to respondents are Bade to help assure a high response rate. credit conditions survey the 902 District banks at resulted in representation banks respond each quarter. Section 344, Eleventh District, Dallas The Federal Reserve Bank of Dallas initiated a quarterly survey of agricultural credit conditions on July 1, 1975. A saaple of 331 aeaber and nonaeaber banks was drawn, representing banks of all sizes throughout the District. As of January 1976, the survey covered 23 percent of all banks in the District, including 54 percent of the banks at which fara loans coaprised one-fourth or aore of total loans. The response rate was ^ about 70 percent. Starting in July 1982, the survey used a new regionally-stratified saaple of 299 banks at which fara loans are relatively iaportant or which hold a aajor portion of bank fara loans in their region. The new saaple included 108 banks not in the previous saaple, and the initial response rate was 74 percent. Efforts are planned to achieve and aaintain response rates of at least 90 percent in all faraing regions. Section 345, Fifth District, Richmond The Federal Reserve Bank of Richaond began a quarterly survey of agricultural credit conditions on October 1, 1975. In selecting the saaple, the 773 banks in the District were stratified on the basis of outstanding dollar voluae of fara loans, and banks with the larger aaounts of fara loans were saapled aore heavily. A total of 64 banks were selected in this aanner, of which 43 agreed to participate in the survey. Of the 18 banks at which outstanding fara loans exceeded $10 aillion (based on June 1974 data), 16 were included in the final saaple of 43 banks.