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AGRICULTURAL FINANCE
DATABOOK
January 1978
Monthly Series
Emanuel Melichar
Marian Sayre
Division of Research and Statistics
Board of Governors of the Federal Reserve System
Washington, D C. 20551
Not for general distribution. Inquiries should be addressed to the authors.
AGRICULTURAL FINANCE DATABOOK—MONTHLY SERIES
JANUARY 1978
PAGE
SECTION
200
FARM LENDING OPERATIONS AND EXPERIENCE OF NONBANK INSTITUTIONS
210
PRODUCTION CREDIT ASSOCIATIONS
... 3
220
FEDERAL LAND BANKS
..10
230
L I F E INSURANCE COMPANIES
300
,..18
...23
AGRICULTURAL BANKING DATA
UPDATED TABLES FOR AGRICULTURAL FINANCE DATABOOK—ANNUAL SERIfcS
, ..28
Overview
With t h i s issue, a new p u b l i c a t i o n schedule i s being implemented f o r the Monthly Series Databook.
Each month's issue w i l l be p r i n t e d as soon as possible a f t e r r e c e i p t o f PCA and FLB data f o r the preceding
month. Each issue w i l l therefore appear around the end o f the month designated on the cover, but the PCA
and FLB data w i l l be more t i m e l y . Note t h a t t h i s issue presents such data f o r both November and December
1977.
The p r i n c i p a l news i n t h i s issue i s the decline i n loans a t PCA's during the closing months of
1977, leaving loans outstanding at year-end only 10 per cent above a year e a r l i e r . In September, a survey
o f FICB's had indicated t h a t they expected outstanding PCA loans to show a gain of 17 per cent f o r the
year.
Captions accompanying the tables i n Sections 210, 220, and 230 comment f u r t h e r on developments
during 1977 a t PCA's, FLB's, and the l i f e insurance companies.
On pages 28 to 35, you w i l l f i n d annual summary tables of PCA and FLB farm lending operations
t h a t update s i m i l a r tables i n the A g r i c u l t u r a l Finance Databook--Annual Series, November 1977. Save
these tables f o r use during the r e s t of t h i s year. That Annual Series Databook, by the way, has j u s t
come back from the p r i n t e r and w i l l be mailed to you on February 1 ( f o u r t h c l a s s ) .
On
Agricultural
r e v i s i n g the
from $2.5 to
page 36, you w i l l f i n d updated estimates of nonreal-estate debt i n Section 131 Of the
Finance Databook--Annual Series, Outlook Conference Issue, November 1977. In a d d i t i o n to
PCA data as already noted, the estimate of CCC loans outstanding a t year-end has been raised
$4.1 b i l l i o n .
AGRICULTURAL FINANCE DATABOOK—MONTHLY SERIES
210
JANUARY 1*78
PRODUCTION CREDIT ASSOCIATIONS CAGRICULTURAL LOANS, EXCEPT AS NOTED)
211
LOANS OUTSTANDING
211.1
211.2
212
ACTUAL
12-MONTH MOVING TOTAL
6
7
RENEWALS AND COLLECTIONS
213.1
213.3
SOURCE:
<•
5
LOANS MADE AND NEW LOANS
212.1
212.3
213
ACTUAL
SEASONALLY ADJUSTED
ACTUAL
12-MONTH MOVING TOTAL
8
...9
"PRODUCTION CREDIT ASSOCIATIONS—SELECTED MONTHLY LOAN D A T A , "
TECHNICAL SERVICES D I V I S I O N , FARM CREDIT ADMINISTRATION.
DATA I N THIS SECTION ARE OBTAINED FROM TIMELY MONTHLY REPORTS WHICH ARE NOT
REVISED TO REFLECT ANY SUBSEQUENT CHANGES OR CORRECTIONS.
I F ONLY YEAR-END
DATA ON OUTSTANDING LOAN VOLUME ARE REQUIRED, USE THE SERIES IN SECTION 100
OF THE AGRICULTURAL FINANCE DAJABQOK—ANNUAL SERIES. SEPTEMBER 1 9 7 6 .
DATA ON LOANS OUTSTANDING AND LOANS MADE DO NOT
FARM-RELATED BUSINESS LOANS, OR AQUATIC LOANS.
RENEWALS DO INCLUDE THESE LOANS; HOWEVER, THESE
ONLY 0 . 8 PER CENT OF TOTAL OUTSTANDING LOANS AT
INCLUDE RURAL HUME LOANS,
DATA ON COLLECTIONS AND
TYPES OF LOANS REPRESENTED
PCA'S AS OF DECEMBER 1 9 7 6 .
FOR A BRIEF DISCUSSION OF THE ANALYTICAL VALUE OF THESE DATA, SEE THE SECTION
ENTITLED "LENDING EXPERIENCE OF NONBANK INSTITUTIONS" I N "OVERALL MEASURES OF
FINANCIAL PERFORMANCE," BY EMANUEL MELICHAR, AGRICULTURAL FINANCE REVIEW.
FEBRUARY 1 9 7 7 , PP. 9 2 - 9 5 .
TABLE 2 1 1 . 1
PRODUCTION CREDIT ASSOCIATIONS
LOANS OUTSTANDING
(END OF MONTH)
AMOUNT
1
1
1
1
1
1975—JAN..•|
-FEB...j
—MAR.•.|
-APR...|
-MAY...I
-JUN...j
-JUL... |
—AUG...|
—SEP...j
-OCT... I
-NOV...|
—DEC.••j
j
1976—JAN...|
—FEB..• |
-MAR...j
-APR...j
-MAY... |
—JUN... I
—JU L . . . I
-AUG...I
-SEP...I
-OCT...I
-NOV...|
-DEC...I
j
1977-JAN...I
-FEB...I
-MAR . . . |
-APR... |
-MAY...I
-JUN...I
-JUL...j
-AUG...j
-SEP...I
-OCT...|
-NOV...I
-DEC...|
MILLIONS OF DOLLARS
END
OF
MONTH
9546.6
9743.6
10011.0
10230.0
10471.5
10702.6
10812.7
10808.7
10737.1
10570.5
10452.1
10741.5
10711.1
10823.2
11117.2
11420.9
11706.7
12005.6
12190.8
12319.4
12321.4
12170.4
11980.8
12196.4
12140.2
12272.9
12583.0
12929.3
13332.9
13748.9
14038.0
14132.5
14089.8
13788.7
13471.3
13454.3
|
1
CHANGE FROM PREVIOUS|
1
MONTH
|
YEAR
|
44.8 |
197.0 |
267.4 |
219.0 I
241.5 I
231.3 |
109.9 |
-4.1 |
-71.5 |
—166.6 j
-118.5 |
289.5 |
i
-30.4 |
112.0 |
294.0 I
303.7 |
285.8 |
298.9 |
185.1 |
128.6 |
2.0 |
-151.0 |
-189.6 |
215.6 |
|
-56.1 |
132.7 I
310.1 I
346.3 1
403.6 |
416.0 |
289.1 |
94.5 |
-42.7 |
-301.1 I
-317.4 |
-17.0 |
BORROWERS
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
|
1
THOUSANDS
YEAR
1751.8 |
1792.0 |
1805.5 |
1724.9 |
1640.6 1
1612.0 1
1532.3 |
1438.1 |
1305.4 |
1240.7 |
1208.3 |
1239.7 |
0.5 |
2.1 |
2.7 |
2.2 |
2.4 |
2.2 |
1.0 1
-0.0 |
-0.7 |
-1.6 |
-1.1 |
2.8 |
22.5
22.5
22.0
20.3
16.6
17.7
16.5
15.3
13.8
13.3
13.1
13.0
330.5
330.9
333.6
334.7
337.2
338.5
338.8
338.2
336.6
333.1
329.8
328.7
1164.5
1079.6
1106.2
1190.9
1235.2
1302.8
1378.1
1510.7
1584.2
1599.8
1528.7
1454.8
-0.3
1.0
2.7
2.7
2.5
2.6
1.5
1.1
0.0
-1.2
—1.6
l.b
|
|
|
|
1
|
|
|
|
|
|
|
12.2
11.1
11.0
11.6
11.8
12.2
12.7
14.0
14.6
15.1
14.6
13.5
326.1
330.4
334.3
337.7
340.2
342.0
342.9
342.9
341.9
339.6
336.6
335.6
-0.5
1.1
2.5
2.8
3.1
3.1
2.1
0.7
-0.3
-2.1
-2.3
-0.1
|
|
|
|
|
|
|
1
1
|
|
|
13.3
13.4
13.2
13.2
13.9
14.5
15.2
14.7
14.4
13.3
12.4
10.3
335.3
337.4
341.7
345.5
346.4
350.4
351.3
351.2
350.6
347.9
344.9
342.8
I
|
1
|
1
|
|
|
|
|
|
|
j
1429.1 |
1449.7 |
1465.8 |
1508.5 |
1626.2 |
1743.3 |
1847.2 I
1813.1 |
1768.4 |
1618.4 |
1490.5 |
1257.9 |
AVERAGE SIZE
PERCENTAGE I
CHANGE
|
FROM
|
PREVIOUS 1
YEAR
|
6.4
5.4
4.6
3.5
3.2
2.6
2.5
2.3
1.8
1.6
1.5
1.5
|
|
|
|
1
|
|
|
|
|
|
|
1
-0.7 |
-0.2 |
0.2 |
0.9 |
0.9 |
1.0 |
1.2 |
1.4 1
1.6 |
1.9 |
2.1 |
2.1 |
1
4.2 |
2.1 1
2.2 |
2.3 |
2.4 |
2.5 |
2.4 |
2.4 |
2.5 |
2.4 |
2.4 I
2.1 |
DOLLARS
PERCENTAGE
CHANGE
FROM
PREVIOUS
YEAR
28889.
29445.
30010.
30568.
31053.
31616.
31913.
31955.
31902.
31733.
31688.
32682.
15.1
16.3
16.6
16.2
14.9
14.5
13.6
12.8
11.6
11.5
11.4
11.4
32646.
32761.
33250.
33815.
34415.
35106.
35552.
35926.
36036.
35637.
35591.
36338.
13.0
11.3
10.6
10.6
10.6
11.0
11.4
12.4
13.0
12.9
12.3
11.2
36207.
36373.
36626.
37424.
38266.
39233.
39961.
40237.
40169.
39637.
39064.
39253.
10.9
11.0
10.8
10.7
11.2
11.6
12.4
12.0
11.5
10.6
9.6
6.0
TABLE 2 1 1 . 2
PRODUCTION CREDIT ASSOCIATIONS
LOANS OUTSTANDING
SEASONALLY ADJUSTED DATA
(END OF MONTH)
AMOUNT
BORROWERS
MILLIONS OF DOLLARS
1
1
1
1
1975—JAN.•.|
-FEB...I
-MAR...I
-APR...I
—MAY...|
-JUN...I
—JUL...I
—AUG... I
-SEP...I
-OCT...|
—NOV... I
-DEC...|
|
1976—JAN.•.|
—FEB. . . |
-MAR...|
—AP R . . . I
—MAY...I
-JUN...1
-JUL . . . |
-AUG...|
—S E P . . . t
-OCT...I
-NOV... |
—DEC . . . I
1
1977—JAN...|
-FEB...|
—MAR...|
-APR...j
—MAY...|
-JUN...|
-JUL...I
-AUG...|
-SEP...|
-OCT...I
-NOV... |
—DEC... |
END
OF
MONTH
I
1
CHANGE FROM PREVIOUS!
1
YEAR
|
MONTH I
9847.6
10005.2
10117.0
10186.8
10277.2
10357.4
10466.6
10533.6
10574.8
10657.5
10782.6
10945.5
148.9
157.6
111.7
69.9
90.4
80.2
109.2
67.0
41.2
82.7
125.1
162.9
11056.6
11134.6
11262.6
11399.1
11508.0
11635.6
11789.1
11984.9
12118.4
12259.0
12351.4
12428.6
111.1
78.0
128.0
136.4
108.9
127.7
153.5
195.8
133.5
140.7
92.4
77.1
12530.9
12633.6
12758.5
12917.3
13113.6
13331.6
13570.7
13737.5
13855.7
13889.9
13892.2
13716.7
102.4
102.7
124.9
158.8
196.4
217.9
239.2
166.8
118.2
34.2
2.2
-175.5
|
I
|
|
1
I
|
1
|
|
|
|
j
|
|
1
|
|
|
|
I
|
|
|
|
j
t
I
|
|
|
|
|
1
1
|
I
|
1797.8
1849.9
1845.3
1739.7
1626.7
1580.1
1474.0
1380.7
1259.6
1229.2
1226.2
1246.8
1209.0
1129.4
1145.7
1212.2
1230.7
1278.2
1322.5
1451.3
1543.6
1601.5
1568.8
1483.0
1474.3
1499.0
1495.9
1518.2
1605.7
1696.0
1781.6
1752.6
1737.4
1630.9
1540.7
1288.1
|
|
|
|
|
I
|
|
1
|
|
|
j
|
1
|
I
I
|
|
|
|
|
|
|
i
1
|
|
|
|
|
|
|
|
|
|
|
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
|
1
THOUSANDS
YEAR
1.5
1.6
1.1
0.7
0.9
0.8
1.1
0.6
0.4
0.8
1.2
1.5
|
|
1
|
|
|
I
|
|
|
|
1
22.3
22.7
22.3
20.6
16.6
18.0
16.4
15.1
13.5
13.0
12.ti
12.9
337.1
335.1
334.1
332.3
333.1
333.2
333.5
333.6
333.8
334.1
334.8
334.5
1.0
0.7
1.1
1.2
1.0
1.1
1.3
1.7
1.1
1.2
0.8
0.6
|
|
I
|
|
1
|
|
I
|
|
|
i
I
I
|
1
|
|
|
|
|
1
|
|
12.3
11.3
11.3
11.9
12.0
12.3
12.6
13.b
14.6
15.0
14.5
13.5
334.8
334.6
335.1
335.6
336.3
336.9
337.7
338.5
339.1
340.3
341.5
341.4
13.3
13.5
13.3
13.3
14.0
14.6
15.1
14.6
14.3
13.3
12.5
10.4
342.1
342.0
342.6
343.4
344.6
345.3
346.1
346.8
347.9
348.6
349.8
348.7
0.8
O.b
1.0
1.2
1.5
1.7
1.8
1.2
0.9
0.2
0.0
-1.3
AVERAGE SIZE
PERCENTAGE!
CHANGE
i
FROM
|
PREVIOUS i
YEAR
|
6.2
5.3
4.6
3.6
3.3
2.9
2.6
2.3
1.8
1.5
1.3
1.3
|
I
|
|
I
|
|
#
|
|
|
|
-0.7 |
-0.1 I
0.3 t
1.0 1
1.0 I
1.1 1
1.3 1
1.4 |
1.6 1
1.9 |
2.0 |
2.1 1
1
2.2 #
2.1 1
2.2 1
2.3 j
2.5 |
2.5 |
2.5 |
2.4 #
2.6 1
2.4 |
2.4 |
2.1 I
tPERCENTAGE
DOLLARS I
CHANGE
1
FROM
I PREVIOUS
1
YEAR
29209. 1
29855. !
30283. 1
30655. 1
30649. 1
31087. I
31384. I
31553. 1
31683. 1
31902. !
32206. 1
32721. I
15.1
16.5
16.9
16.5
15.0
14.7
13.4
12.5
11.5
11.4
11.4
11.4
33023.
33256.
33605.
33965.
34216.
34540.
34911.
35401.
35735.
36019.
36172.
36401.
1
1
I
1
1
1
1
1
1
1
1
1
13.1
11.4
11.0
10.8
10.9
11.1
11.2
12.2
12.ti
12.9
12.3
11.2
36634.
36945.
37246.
37620.
38057.
38606.
39215,
39608.
39832.
39840.
39712.
39331.
i
1
1
1
I
1
1
1
1
j
I
j
10.9
11.1
10.8
10.8
11.2
11.8
12.3
11.9
11.5
10.6
9.8
8.0
THE FOURTH-QUARTER DROP I N LOANS OUTSTANDING AT PCA'S WAS THE SHARPEST RELATIVE DECLINE SINCE 1 9 o 5 ; THE DECEMbER DECREASE
I N THE SEASONALLY-ADJUSTED SERIES I S THE FIRST EXPERIENCED FOR THAT MONTH I N THE PERIOD SINCE 1959 FUR WHICH MONTHLY DATA ARE
AVAILABLE,
THE INCREASE OF 1 0 . 3 PER CENT FOR 1977 I S THE FIFTH-LOWEST ANNUAL GROWTH EXPERIENCED OVER THIS PERIOD* AS INCREASES
I N 1972# 1 9 6 8 , 1964# AND 1960 RANGED BETWEEN 8 AND 9 PER CENT.
TABLE 2 1 2 . 1
PRODUCTION CREDIT ASSOCIATIONS
LOANS MADE AND NEW LOANS
LOANS MADE
MILLIONS |
OF
|
DOLLARS |
1
*
1975—JAN...|
—FEB..•|
-MAR...|
-APR..•|
-MAY...I
—JUN...j
-JUL...I
-AUG...I
-SEP...|
-OCT...I
-NOV . . . |
-DEC..•|
1579.8
1412.5
1457.3
1449.3
1257.6
1207.6
1136.3
980.8
1063.6
1235.3
1195.4
2021.3
1976—JAN...|
-FEB...|
-MAR...|
-APR...|
-MAY...|
-JUN.•.j
-JUL...|
-AUG...!
-SEP...I
-OCT...I
—NOV...I
—DEC...I
1794.8
1594.0
1932.3
1714.3
1412.4
1438.6
1177.3
1178.1
1168.5
1210.5
1487.8
2146.9
1977-JAN.•.|
—FEB...j
—MAR...j
—APR...|
-MAY...|
-JUN...!
—JUL.•.j
—AUG...|
-SEP...I
-OCT... I
—NOV...I
—DEC...j
1973.7
1830.1
2196.2
1874.2
1652.2
1614.8
1292.0
1281.2
1284.4
1325.8
1545.4
2179.1
|
1
|
|
|
|
|
|
|
|
|
|
j
1
|
|
|
|
|
|
1
I
I
|
|
j
1
|
|
|
|
|
|
|
|
1
|
I
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
|
YEAR
-5.2 |
-10.6 |
3.2 |
-0.6 1
-13.2 |
-4.0 |
-5.9 |
-13.7 |
6.4 |
16.1 |
-3.2 |
69.1 |
j
-11.2 |
-11.2 |
21.2 |
-11.3 |
-17.6 |
1.9 |
-18.2 |
0.1 |
-0.8 |
3.6 |
22.9 |
44.3 |
|
-8.1 |
-7.3 |
20.0 |
-14.7 I
-11.8 |
-2.3 |
-20.0 |
-0.8 |
0.2 |
3.2 |
16.6 |
41.0 |
NEW LOANS
1
AS PERCENTAGE OF
1 LOANS OUT-I
1 STANDING*|
MILLIONS 1
OF
|
DOLLARS 1
1
COLLECTIONS
5.8
14.6
8.9
12.0
9.1
26.4
8.0
0.1
14.1
9.5
5.6
21.2
1
1
1
1
I
1
1
1
1
1
1
1
16.6 |
14.8 1
15.0 |
14.5 1
12.3 |
11.5 |
10.6 |
9.1 |
9.8 |
11.5 I
11.3 |
19.3 |
176.9
234.2
254.4
206.9
197.8
176.0
150.2
132.8
120.3
114.7
127.8
19b.4
13.6
12.8
32.6
18.3
12.3
19.1
3.6
20.1
9.9
-2.0
24.5
6.2
1
1
1
1
1
1
1
I
1
1
1
1
16.7
14.9
17.9
15.4
12.4
12.3
9.8
9.7
9.5
9.8
12.2
17.9
|
I
|
|
|
I
|
|
|
|
|
|
10.0
14.6
13.7
9.3
17.0
12.3
9.7
8.8
9.9
9.5
3.9
1.5
t
1
1
1
1
1
1
1
1
1
1
1
16.2
15.1
17.9
14.9
12.8
12.1
9.4
9.1
9.1
9.4
11.2
16.2
1
|
|
|
|
|
|
|
|
|
|
I
PERCENTAGE CHANGE
FROM PREVIOUS
MUNTH
935.0
800.0
639.0
923.9
877.4
926.7
b57.1
735.9
810.1
911.5
617.5
1314.1
|
169.0
205.4
221.8
206.3
193.3
173.6
162.8
153.0
131.0
114.8
122.7
189.0
|
|
|
|
|
t
|
|
|
1
|
|
1
1
1030.5 |
887.3 |
1170.0 |
1139.1 |
1021.3 1
1129.6 |
911.9 1
896.1 |
695.6 |
904.2 |
1025.0 |
1356.7 |
-21.6
-13.9
31.9
-2.6
-10.3
10.b
-19.3
-1.7
-0.1
1.0
13.4
32.6
|
|
|
1
1
|
|
|
|
|
|
|
167.9
209.0
218.7
216.7
206.3
198.5
181.5
144.9
125.5
103.5
112.6
160.6
1122.1
1007.5
1309.9
1211.3
1203.5
1227.3
1000.6
979.2
961.6
998.9
1052.6
1345.0
-17.4
-10.2
30.0
-7.5
-0.6
2.0
-18.5
-2.1
-1.8
3.9
5.4
27.8
|
h
|
|
|
j
#
1
1
|
1
|
-14.1 |
-14.4 1
4.9 |
10.1 1
-5.0 |
5.6 |
-7.5 |
-14.1 |
10.1 |
12.5 |
-10.3 |
60.8 |
|
|
|
|
|
|
|
1
|
|
|
|
YfcAk
-0.5
5.6
-2.4
3.5
2.1
25.7
6.9
—3 . 3
15.1
10.9
7.7
20.7
1
AS PERCENTAGE OF
1 LOANS OUT-|
I STANDING*!
1
I
1
1
1
1
1
1
!
1
1
1
1
10.2 1
10.9 1
39.5 1
23.3 1
16.4 1
21.9 1
6.4 1
21.8 1
10.6 1
-0.8 !
25.4 1
3.4 1
I
8.9 1
13.5 1
12.0 1
6.3 1
17.8 1
8.6 1
9.7 1
9.3 1
7.4 1
10.5 1
2,7 1
-1.0 1
9.6
8.4
6.6
9.2
6.6
6.6
8.0
6.8
7.5
8.5
7.7
12.6
9.6
8.3
10.6
10.2
8.9
9.6
7.6
7.4
7.3
7.3
8.4
11.3
9.2
8.3
10.7
9.6
9.3
9.2
7.3
7.0
6.6
7.1
7.6
10.0
|
1
j
I
|
|
I
|
|
I
1
!
I
|
|
|
|
1
|
|
|
|
1
|
|
1
|
|
1
|
1
|
|
|
1
|
|
1
COLLECTIONS
104.7
132.6
146,5
131.9
138.0
135.1
113.3
99.t
91.7
64.7
87.4
129.0
97.0
114.4
134.3
137.1
139.6
136.3
126.1
116.4
100.4
85.7
64.5
119.6
95.5
115.1
130.4
140.0
150.3
150.6
l«tO. 6
110.7
94.u
76.0
76.7
99.1
OUTSTANDING LOANS AT END OF PRECEDING MONTH.
"NEW LOANS" ARE COMPUTED AS LOANS MADE LESS RENEWALS. RENEWALS INCLUDE SOME NONAGR1CULTURAL LOANS (SEE NOTE ON PAGt 3 ) ,
#
http://fraser.stlouisfed.org/
#
#
Federal Reserve
Bank of St. Louis
•
#
#
e
e
#
#
*
#
#
#
#
#
TABLE 2 1 2 , 3
*
#
#
#
PRODUCTION CREDIT ASSOCIATIONS
LOANS MADE AND NEW LOANS
TWELVE-MONTH MOVING TOTAL
NEW LOANS
LOANS MADE
MILLIONS 1
OF
1
DOLLARS I
*
#
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
|
0.6 1
1.2 |
0.8 |
1.1 |
0.7 |
1.7 |
0.5 |
0.0 |
0.9 |
0.7 i
0.4 I
2.3 I
1975-JAN...
-FEB...
—MAR...
-APR...
-MAY...
-JUN, . .
-JUL...
-AUG...
—SEP,,,
-OCT,..
-NOV...
-DEC...
14445.1
14625.3
14744.0
14899.1
15004.3
15256.4
15340.2
15340.8
15472.0
15578.9
15642.7
15996.8
1
I
|
|
I
I
1
|
I
|
|
|
1976—JAN...
-FEB...
—MAR...
—APR.••
-MAY...
-JUN...
—JUL...
-AUG...
-SEP...
-OCT...
-NOV...
-DEC...
16211.7
16393.2
16868.2
17133.2
17288.0
17519.0
17560.0
17757.2
17862.2
17837.4
18129.8
18255.5
|
|
|
1
|
|
I
|
|
|
1
|
1.3
1,1
2,9
1,6
0.9
1.3
0.2
1.1
0.6
-0.1
1.6
0.7
1977-JAN...
-FEB.,,
-MAR,..
-APR...
-MAY...
—JUN...
—JUL...
-AUG...
—SEP,,,
-OCT...
-NOV...
-DEC...
18434.4
18670.5
18934,5
19094,4
19334,2
19510,4
19625,1
19728,3
19844,1
19959,4
20017,1
20049,3
1
I
I
|
1
|
1
1
|
|
I
I
1.0
1.3
1.4
0.8
1.3
0.9
0.6
0.5
0.6
0.6
0.3
0.2
|
1
I
t
|
|
1
I
|
I
|
|
1
|
|
|
|
I
|
|
I
|
|
I
1
YEAR
8,6
9,0
9,1
8.0
7.3
9.0
8.4
8.5
8.9
9.6
10,6
11,4
12.2
12.1
14.4
15.0
15.2
14.8
14.5
15.8
15.4
14.5
15.9
14.1
13.7
13.9
12,2
11,4
11,8
11,4
11,8
11,1
11,1
11,9
10,4
9,8
AS PERCENTAGE OF
LOANS OUT-I
STANDING*!
162.7 |
162.1 I
160.7 |
159.6 1
158.5 |
15b.8 |
157.5 I
155.5 I
154.9 t
154.3 |
153.4 I
155.3 |
j
155.8 |
156.1 |
159.3 |
160.4 |
160.4 |
161.0 I
159.7 I
159.9 |
159.0 |
156.9 |
157.7 |
157.0 |
|
156.9 |
157.3 |
158.0 1
157.7 |
158.0 1
157.7 |
156.8 I
155.7 |
154.8 |
153.9 |
152.8 1
151.6 |
COLLECTIONS
MILLIONS 1
OF
|
DOLLARS |
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
|
YEAR
6.9
6.4
5.3
3.3
1.9
3.7
3.1
2.9
3.6
4.9
6.7
7.7
|
|
1
1
|
1
|
|
|
|
I
|
-0.0 |
0.4 |
-0.2 1
0.3 |
0.2 |
1.9 |
0.5 1
-0.2 |
1.0 |
0.9 |
0.6 I
2.1 |
j
0.9 |
0.8 I
3.0 |
1.9 |
1.3 |
1.7 |
0.5 |
1.3 |
0.7 I
-0.1 | *
1.7 |
0.4 I
6.7
9.1
12.o
14.4
15.6
15.5
15.4
17.2
16.9
15.8
17.1
15.1
1
|
|
|
|
|
|
1
|
|
|
I
0.7
i.o
1.1
0.6
1.4
0.8
0.7
0.6
0.5
0.7
0.2
-0.1
14.9
15.1
13.0
11.5
11.7
10.6
10 , 6
10,0
9.6
10.6
9.0
6.5
176.8
178.9
181.1
180.7
179.6
176.1
176.1
174.1
170.9
169.2
168.1
166.4
9976.7
10020.4
9999.6
10030.6
10048.7
10236.3
10293.6
10266.8
10375.2
10464.4
10522.9
10746.1
1
|
1
|
|
|
1
|
|
|
|
|
167.6
166.5
166.3
166.6
166 • 6
166.7
167.6
169.0
169.9
170.0
168.3
167.7
10843.6
10930.9
11261.9
11477.1
11621.1
11624.0
11676.6
12039.0
12124.5
12117.2
12324.7
12369.3
167.6
166.2
166.5
169.5
170.5
172.3
173.5
172.7
171.7
169.4
167.6
164.8
12460.9
12581.0
12720.9
12793.0
12975.2
13072.9
13161.6
13244.7
13310.9
13405.7
13433.3
13419,o
I
i
1
|
|
|
1
|
|
|
|
I
AS PERCENTAGE OF
COLLECTIONS
LOANS OU7-)
STANDING*!
112.4
111.0
109.0
107.6
122.1
|
I
I
|
122.6
U2.6
121.6
106.1 |
106.0 j
105.7 I
104.1 |
103,9 |
103.7 |
103.2 |
104.4 |
I
104.2 I
104.1 |
106.4 |
107.4 |
107.8 |
106.6 |
108.1 |
106,4
107.9
106,6
107.2
106.4
|
|
|
|
|
I
106.1 I
106.0 |
106.1 I
105.6
|
106.1 |
105.7 1
105.2 I
104.5 |
103.6 I
103.4 |
102.5 |
101,5 |
120.3
119.5
118.1
116.5
114.6
113.6
113.1
113.1
112.1
111.1
111.0
111.7
112.1
112.5
113.4
114.6
115.3
115.5
114.4
113.6
113.3
113.3
113.2
113.5
114.4
115.5
116.4
115,9
115.2
113.8
112.5
110.3
AVERAGE OUTSTANDING LOANS DURING THE PRECEDING 12 MONTHS (AVERAGE OF END-OF-MONTH D A T A ) .
-NEW LOANS" ARE COMPUTED AS LOANS MADE LESS RENEWALS. RENEWALS INCLUDE SOME N0NAGR1CULTURAL LOANS (SEE NQTt ON PAGE 3 ) .
NEW LENDING WAS RELATIVELY WEAK AFTER MID-YEAR.
THE 12-MONTH MOVING TOTAL OF NEW LOANS RELATIVE TO THE VOLUME GF LOANS OUTSTANDING
MADE A NEW LOW BY YEAR-END (SECOND COLUMN FROM LEFT, DATA AVAILABLE SINCE 1 9 5 9 ) .
Z
TABLE 2 1 3 . 1
PRODUCTION CREDIT ASSOCIATIONS
RENEWALS AND COLLECTIONS
RENEWALS
LL10NS |
OF
|
OLLARS I
1
1975-JAN..•|
-FEB...|
-MAR...|
-APR...j
-MAY...|
-JUN...I
-JUL...|
-AUG...|
-SEP...|
-OCT...|
-NOV...|
-DEC...|
I
1976-JAN...|
-FEB...|
-MAR... |
-APR. . . I
-MAY...|
-JUN...I
-JUL...j
-AUG... |
-SEP...|
-OCT...|
-NOV...|
-DEC...|
I
1977-JAN...I
-FEB...|
-MAR...|
-AP R . . . |
-MAY...|
-JUN... I
-JUL...|
-AUG...|
-SEP...|
-OCT...|
-NOV...|
-DEC...|
*
644.8
612.5
618.2
525.4
380.2
280.9
279.2
245.0
253.5
323.8
377.9
707.1
764.3
706.7
762.2
575.2
391.1
309.0
265.4
282.0
273.0
306.4
462.8
788.3
851.6
822.7
886.4
662.9
448.7
387.6
291.4
302.1
322.6
326.9
492.8
834.2
1
|
|
|
|
|
|
I
|
I
|
|
j
|
|
|
1
|
1
|
1
I
|
I
|
j
|
|
|
|
|
I
|
|
|
|
|
|
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
|
11.5 |
-5.0 |
0.9 1
-15.0 |
-27.6 |
-26.1 |
-0.6 |
-12.3 |
3.5 |
27.7 |
16.7 |
87.1 |
j
8.1 |
-7.5 1
7.9 |
-24.5 |
-32.0 |
-21.0 |
-14.1 |
6.2 |
-3.2 |
12.2 |
51.1 |
70.3 |
I
8.0 1
-3.4 |
7.7 |
-25.2 1
-32.3 I
-13.6 |
-24.8 |
3.7 |
6.8 |
1.3 1
50.8 |
69.3 I
YEAR
COLLECTIONS
AS PERCENTAGE OF
LOANS OUTSTANDING*
LOANS
MADE
COLLECT.
RENEWALS
16.4
28.7
29.2
30.8
29.8
28.6
11.4
11.6
10.8
5.8
1.4
22.3
6.8
6.4
6.3
5.2
3.7
2.7
2.6
2.3
2.3
3.0
3.6
6.8
40.8
43.4
42.4
36.3
30.2
23.3
24.6
25.0
23.8
26.2
31.6
35.0
41.9
50.4
51.9
42.9
37.4
29.1
27.0
24.9
22.3
23.1
28.8
41.0
18.5
15.4
23.3
9.5
2.8
10.0
-4.9
15.1
7.7
-5.4
22.5
11.5
7.1
6.6
7.0
5.2
3.4
2.6
2.2
2.3
2.2
2.5
3.8
6.6
42.6
44.3
39.4
33.6
27.7
21.5
22.5
23.9
23.4
25.3
31.1
36.7
41.8
47.7
46.7
40.9
34.9
27.2
26.8
26.8
23.4
22.5
27.6
41.0
11.4
16.4
16.3
15.2
14.7
25.4
9.8
7.1
18.2
6.7
6.5
5.8
7.0
6.8
7.2
5.3
3.5
2.9
2.1
2.2
2.3
2.3
3.6
6.2
43.1
45.0
40.4
35.4
27.2
24.0
22.6
23.6
25.1
24.7
31.9
3b.3
42.0
48.4
4b.9
43.4
35.9
32.3
29.0
25.5
24.0
20.3
26.4
38.1
OUTSTANDING LOANS AT END OF PRECEDING MONTH.
RENEWALS AND COLLECTIONS INCLUDE SOME N0NAGR1CULTURAL LOANS (SEE NOTE ON PAGE 3 ) .
MILLIONS
OF
DOLLARS
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
893.?
603.2
572.9
700.5
635.6
686.0
756.4
738.7
883.8
1076.7
935.7
1018.7
1062.2
775.9
871.3
631.2
730.7
8z8.5
723.4
769.8
892.2
1054.8
1212.4
1135.8
1175.3
875.5
1004.4
865.0
800.8
813.7
711.8
884.4
1023.3
1281.0
1372.0
1356.7
|
YEAR
8.7
-32.5
-5.0
22.3
-9.3
7.9
10.3
-2.3
19.6
-10.4
-13.1
8.9
11.3
24.0
21.8
4.3
-27.0
12.3
-4.6
-12.1
13.4
-12.7
6.4
15.9
18.2
14.9
—6.3
3.5
-25.5
14.7
-13.9
-7.4
1.6
-12.5
24.3
15.7
25.2
7.1
-1.1
0.6
-5.5
18.0
20.2
44.4
24.4
15.6
37.9
16.6
18.9
28.6
52.1
18.7
15.0
20.6
-4.4
4.2
0.9
-2.0
29.6
11.5
10.6
12.8
15.3
4.1
9.6
— 1.8
—1 .6
14.9
14.7
21.4
13.2
19.5
AS PERCENTAGE OF
LOANS OUTSTANDING*
TABLE 2 1 3 . 3
PRODUCTION CREDIT ASSOCIATIONS
RENEWALS AND COLLECTIONS
TWELVE-MONTH MOVING TOTAL
I
I
I
I
|
I
1975-JAN..•I
-FEB...|
-MAR...I
-APR...I
—MAY...I
-JUN...I
-JUL...I
—AUG.••I
-SEP...I
-OCT...I
-NOV...I
—DEC... I
I
1976-JAN...I
-FEB...I
—MAR...I
-APR...I
—MAY... I
-JUN...I
—JUL... I
—AUG.••I
-SEP...I
-OCT...I
-NOV...I
-DEC . . . I
I
1977-JAN...I
—FEB...I
-MAR...I
-APR...I
-MAY...I
-JUN...I
-JUL...I
-AUG...I
-SEP...I
—OC T . . . I
-NOV...I
-DEC...I
*
COLLECTIONS
RENEWALS
MILLIONS
OF
DOLLARS
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
I
YEAR
4468.4
4604.9
4744.4
4868.3
4955.6
5018.1
5046.6
5072.0
5096.8
5114.4
5119.8
5248.6
2.1
0.1
2.5
20.6
19.6
19.9
5368.1
5462.3
5606.3
5656.1
5666.9
5695.0
5681.2
5718.3
5737.7
5720.3
5805.1
5886.3
2.3
20.1
5973.6
6089.5
6213.6
6301.4
6358.9
6437.5
6463.5
6483.6
6533.2
6553.8
6583.8
6629.7
3.1
3.0
2.6
1.8
1.3
0.6
0.5
0.5
0.3
1.8
2.6
0.9
0.2
0.5
—0.2
0.7
0.3
-0.3
1.5
1.4
12.7
15.2
17.9
19.4
20.4
21.7
21.0
22.0
21.6
18.6
16.2
16.2
14.4
13.5
12.6
12.7
12.6
11.8
13.4
12.1
1.5
1.9
11.3
11.5
1.4
0.9
11.4
2.0
1.2
0.4
0.3
0.8
0.3
0.5
0.7
10.8
12.2
13.0
13.8
13.4
13.9
14.6
13.4
12.6
AS PERCENTAGE OF
LOANS OUTSTANDING*
COLLECT, t
RENEWALS
LOANS
MADE
PERCENTAGE CHANGE
FROM PREVIOUS
MILLIONS
OF
DOLLARS
MOfrfTH
I
YEAR
-1.3 |
0.0 I
-0.4 1
1.3 1
1.3 |
2.5 I
1.7 |
1.1 1
2.8 1
1.7 1
1.0 l
2.1 1
0.5
-0.4
—1.2
-1.4
0.4
3.6
6.7
8.3
10.2
11.a
14.1
14.8
9670.4
9843.1
10141.5
10272.2
10367.2
10509.8
10476.7
10507.8
10516.1
10494.3
10771.0
10888.2
1.8
1.8
3.0
1.3
0.9
1.4
-0.3
0.3
0.1
-0.2
2.6
1.1
lb.4
20.4
24.6
24.6
24.1
22.7
20.2
19.2
16.1
14.0
15.8
14.6
11001.2
11100.8
11233.9
11267.7
11^37.8
11323.1
11311.5
11426.1
11557.3
11783.4
11942.9
12lto3.9
1.0 |
0.9 |
1.2 |
0.3 1
0.6 1
-0.1 1
-0.1 #
1.0 {
1.1 1
2.0 |
1.4 1
1.6 I
50.3
51.0
51.7
52.2
52.3
52.2
51.8
51.4
51.0
50.7
50.2
51.0
30.9
31.5
32.2
32.7
33.0
32.9
32.9
33.1
32.9
32.8
32.7
32.8
35.4
36.0
36.8
37.1
37.2
36.9
36.7
36.5
36.0
35.7
35.5
35.6
8169.7
8173.1
8140.0
8247.0
6353.9
8564.9
8713.4
8813.0
9055.8
9209.0
9304.1
9501.4
51.6
52.0
52.9
53.0
52.6
52.3
51.7
51.5
51.1
50.3
50.5
50.6
33.1
33.3
33.2
33.0
32.8
32.5
32.4
32.2
32.1
32.1
32.0
32.2
35.7
35.7
35.6
35.5
35.3
35.1
35.2
35.2
35.3
35.3
35.0
35.1
50.9
51.3
51.8
52.0
52.0
52.0
51.6
51.2
51.0
50.5
50.2
50.1
32.4
3* . 6
32.8
33.0
32.9
33.0
32.9
32.9
32.9
32.8
32.9
33.1
35.2
35.4
35.6
35.9
35.9
36.2
36.4
36.2
36.1
35.7
35.5
35.3
|
1
1
1
1
1
1
|
I
1
I
1
AS PERCENTAGE OF
LOANS OUTSTANDING*
1
1
|
1
|
|
|
1
1
1
1
I
|
|
|
I
I
1
i
1
1
t
1
|
1
13.8 I
12.8 I
10.8 1
9.7 1
9.4 |
7.7 1
8.0 |
0.7 I
9.9 |
12.3 I
10.9 |
11.7 1
92.0
90.6
88.7
88.5
88.2
89.2
89.5
89.3
90.7
91.2
91.2
92.3
93.0
93.7
95.8
*6.2
96.2
96.6
95.3
94.6
93.6
92.3
93.7
93.7
93.7
93.6
93.7
93.1
9c.7
91.5
90.4
90.2
90.1
90.9
91.1
92.0
AVERAGE OUTSTANDING LOANS DURING THE PRECEDING 12 MONTHS (AVERAGE OF END-OF-MONTH DATA),
RENEWALS AND COLLECTIONS INCLUDE SOME N0NAGR1CULTURAL LOANS (SEE NUTfc ON PAGE 3 1 .
~
H
E
E
™
™
™
.
AGRICULTURAL FINANCE OATABOOK—MONTHLY SERIES
220
JANUARY 1978
FEDERAL LAND BANKS (AGRICULTURAL LOANS)
221
LOANS OUTSTANDING
221.1
222
12
13
ACTUAL
12-MONTH MOVING TOTAL
.14
lb
REFINANCING AND REPAYMENTS
224.1
224.3
SOURCE i
ACTUAL
12-MONTH MOVING TOTAL
NEW MONEY LOANED
223.1
223.3
224
11
LOANS CLOSED
222.1
1.22.3
223
ACTUAL
ACTUAL
12-MONTH MOVING TOTAL
"FEDERAL LAND BANKS—SUMMARY OF SELECTED MONTHLY LOAN D A T A , "
TECHNICAL SERVICES D I V I S I O N , FARM CREDIT ADMINISTRATION.
DATA I N THIS SECTION ARE OBTAINED FROM TIMELY MONTHLY REPORTS WHICH ARE NOT
REVISED TO REFLECT ANY SUBSEQUENT CHANGES OR CORRECTIONS.
I F ONLY YEAR-END
DATA ON OUTSTANDING LOAN VOLUME ARE REQUIRED, USE THE SERIES I N SECTION 100
OF THE AGRICULTURAL FINANCE DATABOGK—ANNUAL SERIES. SEPTEMBER 1 9 7 6 .
16
17
TABLE 2 2 1 . 1
FEDERAL LAND bANKS
LOANS OUTSTANDING
( t N D DF MONTH)
NUMbfcR
AMOUNT
M I L L I O N S OF DOLLARS
OUTSTANDING
1
1
CHANGE FROM PREVIOUS|
1
MONTH
|
YEAR
1
PERCENTAGE CHANbE
FROM PREVIOUS
MONTH
|
1
YEAR
1
i
PERCENT AGE|
THOUSANDS
CHANGE
|
FROM LAST#
YEAR
1
1
2551.5
2631.1
2712.4
2748.3
2752.4
2761.8
2711.6
2672.3
2641.3
2637.0
2568.6
2557.4
|
I
|
|
|
1
|
I
|
|
|
|
1.5 |
1.6 |
2.2 1
1.8 |
1.7 1
1.7 1
1.4 |
1.2 |
1.2 I
1.2 I
0.6 1
1.1 i
23.0
23.4
23.7
23.5
23.1
22.7
21.6
21.1
20.5
20.2
19.4
19.0
430.0
431.o
433.5
435.1
436.9
43b.6
440.0
441.0
4*2.0
442.4
442.4
442.6
3.6
4.1
4.2
5.0
4.2
4.1
4.0
3.6
3.6
3.5
3.3
3.2
176.1
179.7
330.3
246.4
213.3
243.6
219.5
183.5
176.0
165.5
172.6
203.9
|
|
I
|
1
1
|
I
|
|
|
|
1
1
I
|
|
I
|
|
|
|
|
|
1
I
2533.7
2489.9
2520.7
2505.2
2466.7
2464.9
2477.9
2473.6
2464.3
2436.0
2483.1
2510.4
|
1
|
I
1
|
|
|
|
|
1
|
1.1
1.1
2.0
1.5
1.3
1.4
1.3
1.0
1.0
0.9
1.0
1.1
1
1
I
1
1
|
|
I
1
|
I
1
lb.6
17.9
17.6
17.3
16.6
16.b
16.4
16.1
15.9
15.5
15.7
15.7
443.2
*43.7
445.1
446.0
447.0
44b.2
449.0
449.9
450.4
450.7
450.6
450.6
3.1
2.6
2.7
2.5
2.3
2.2
2.1
2.0
1.9
1.9
1.6
l.o
168.5
229.2
409.0
294.2
291.8
273.4
250.6
217.2
215.7
183.3
201.2
208.1
|
|
1
|
|
|
|
1
|
I
1
|
2502.6
2552.3
2631.0
2678.6
2757.3
2767.0
2818.1
2851.6
2891.5
2909.3
2938.0
2942.1
|
|
I
|
1
I
I
|
I
I
I
|
0.9
1.2
2.2
1.5
1.5
1.4
1.2
1.1
1.0
0.9
1.0
1.0
|
|
1
I
1
1
I
1
|
|
I
I
15.5
15.6
15.6
15.6
16.1
16.0
16.0
16.0
16.1
16.0
16.0
15.9
450.9
451.5
452.9
453.6
454.6
456.0
457.0
457.6
456.6
459.1
459.3
459.5
1.7
1.8
1.6
1.6
1.7
l.tt
1.6
1.8
1.6
1.9
1.9
1.9
1975-JAN...1
—FEB...|
—MAR . . . 1
—APR...|
—MAY... I
—JUN... I
—JUL•••|
—AUG... 1
—SEP . . . 1
-OCT...1
-NOV...1
-OEC . . . |
13656.1
13879.7
14179.2
14441.0
14692.9
14938.3
15144.8
15332.6
15517.9
15711.7
15837.2
16013.8
199.7
223.6
299.5
261.8
251.9
245.4
206.5
167.8
185.3
193.8
125.5
176.6
1976—JAN...I
-FEB...|
-MAR...|
-APR...j
—MAY... I
-JUN . . . I
—JUL... I
-AUG...|
-SEP...I
-OC T . . * I
—NOV...1
-DEC...|
16189.9
16369.6
16699.9
16946.2
17159.6
17403.2
17622.7
17806.2
17982.2
18147.7
18320.3
18524.2
1977-JAN.•.|
—FEB...j
—MAR...j
—APR..* I
-MAY...|
-JUN... 1
-JUL...!
-AUG...!
-SEP...I
-OCT...1
-NOV...I
—DEC..•|
18692.7
18921.9
19330.8
19625.0
19916.8
20190.2
20440.8
20658.0
20873.7
21057.0
21258.2
21466.3
AVERAGE SIZE
DOLLARS
31756.
1
32156.
|
32711.
I
33190.
|
|
33627.
34061.
I
34*20.
t
|
34767.
|
35112.
35516.
1
35797.
I
|
36166*
l
36533.
1
\
36695.
37522.
#
37998.
1
36369.
J
\ » 38832.
39246.
I
39561.
|
39924.
|
40267.
|
40o62.
I
41066.
1
l
41457.
|
41909.
|
42664.
1
j
43243.
43792.
|
44273.
|
44732.
1
45124.
|
45519.
|
45666.
|
46269.
|
46714.
|
PERCENTAGE
CHANGE
FROM LAST
YEAR
16.5
16.o
16.6
17.6
18.1
17.8
17.1
16.7
16.3
16.1
15.5
15.4
15.0
14.7
14.7
14.5
14.6
14.0
14.0
13.b
13.7
13.4
13.o
13.6
13.5
13.6
13.c
13.8
14.1
14.0
14.0
14.0
14.0
13.9
13 . o
13.7
FARM MORTGAGE LOANS OUTSTANDING AT FEDERAL LAND BANKS ROSE CONSISTENTLY DURING 1 9 7 7 , KEEPING THE TOTAL AT 16 PER CENT
ABOVE A YEAR E A R L I E R .
I N THE FIRST H A L F , EXCEPTIONAL GAINS I N NEW LENDING CTAbLt 2 2 3 ) WERE PARTIALLY OFFSET bY EQUIVALENT
STRENGTH I N REPAYMENTS (TABLE 2 2 4 ) .
I N THE SECOND HALF, INCREASES I N NEW LENDING AND REPAYMENTS BOTH TAPERED O F F , AGAIN
WITH OFFSETTING EFFECT ON GROWTH OF OUTSTANDING VOLUME.
TABLE 2 2 2 . 1
FEDERAL LAND BANKS
LOANS CLOSED
I
| MILLIONS
OF
I
DOLLARS
I
I
1975—JAN.•• I
—FEB...|
—MAR . . . |
-APR...I
-MAY...I
-JUN...I
-JUL...I
—AUG.••I
-SEP...I
—OC T . . • I
-NOV...I
—DEC . . . I
1
1976—JAN.•.I
-FEB...I
-MAR...|
-APR...I
-MAY...I
-JUN...|
—JUL... I
-AUG...I
-SEP...|
-OCT...I
-NOV...I
-DEC...I
I
1977—JAN...I
—FE B . . . I
-MAR...I
-APR...I
-MAY...|
-JUN...I
—JUL.••I
—AUG... I
-SEP...I
—OC T . . . |
-NOV...I
-DEC...I
*
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
|
392.9
346.8
527.6
436.4
363.7
405.0
367.1
320.7
323.2
313.6
350.6
437.6
18.3 |
-12.8 I
26.6 1
-9.7 1
-4.4 |
-1.7 |
-11.2 I
-12.9 |
7.7 1
2.9 |
-17.9 |
42.9 |
1
4.8 I
-11.7 I
52.1 I
-17.3 1
-16.7 1
11.4 j
-9.4 |
-12.6 I
0.8 I
-3.0 |
11.8 I
24.8 |
463.7
429.5
679.0
521.3
518.3
506.0
492.2
402.9
379.8
358.6
418.9
448.9
6.0 1
-7.4 |
58.1 1
-23.2 1
-0.6 |
-2.4 |
-2.7 |
-18.2 I
-5.7 1
-5.6 1
16.6 1
7.2 1
397.9
347.1
439.3
396.7
379.2
372.5
331.0
288.4
310.6
319.6
262.2
374.8
YEAR
PERCENTAGE
CHANGt
FROM LAST
YEAR
DOLLARS
PERCENTAGE
CHANGE
FROM LAST
YEAR
LuANS
OUTSTANDING*
5552.
5110.
5737.
5522.
5322.
5128.
4754.
4004.
4297.
4412.
3722.
4998.
7.2
14.0
4.1
—3.6
-7.7
-3.9
-10.8
-26.9
-10.0
-10.3
-21.4
-0.5
71671.
67929.
7657O.
71848.
71243.
72648.
69617.
72028.
72291.
72440.
70457.
74992.
11.4
20.1
22.6
19.9
13.7
13.9
-0.2
23.9
14.3
12.6
9.6
11.9
3.0
2.5
3.2
— 1.3
-0.1
20.1
10.0
-4.1
8.7
10.9
11.2
4.1
-1.9
33.7
16.7
4816.
4467.
6377.
5377.
4879.
5175.
4457.
4366.
4167 .
4098.
4465.
5047.
-13.3
— 12 . 6
11.2
-2.6
-0.3
0.9
—6.2
9.0
-3.0
-7.1
20.0
1.0
8158b.
77645.
82736.
till66 •
74546.
78265.
82357.
73457.
77572.
76534.
78511.
86699.
13.8
14.3
8.Q
13.0
4 .6
7.7
18.3
2.0
7.3
5.7
11.4
15.6
2.5
18.0
23.8
26.7
19.4
42.5
24.9
34.1
25.6
17.5
14.4
19.5
2.6
4930.
4719.
6801.
5627.
5806.
5868.
4784.
4806.
4457.
4361.
4646.
5003.
2.4
5.6
t> • 6
4.6
19.0
13.4
7.3
10.1
7.0
6.4
8.5
—0.9
94056.
91013.
99833.
92640.
89273.
66233.
102688.
8379*.
652 0 3 .
82240.
86442.
89729.
15.3
17.2
20.7
14.1
19.8
10.2
24.9
14.1
9.0
7.5
10.1
3.5
2*5
2.3
3.6
2.7
19.4
37.0
27.6
15.6
4.9
9.4
-10.9
-12.0
1.0
1.0
-13.8
11.4
OUTSTANDING LOANS AT END OF PRECEDING MONTH.
THOUSANDS
AS PERCENTAGE OF
AVERAGE SIZE
NUMBER
AMOUNT
2.8
2.6
2.5
2.2
1.9
2.0
2.1
1.7
2.4
2.1
1:1
2.1
2.4
2.1
l.d
1.8
1.7
1.9
2.4
2.6
2.5
2.4
2.0
1.6
W
2.0
2.1
\
I
TABLE 2 2 2 . 3
FEDERAL LAND BANKS
LOANS CLOSED
TWELVE-MONTH MOVING TOTAL
I
I
| MILLIONS
OF
I
DOLLARS
I
I
1975—JAN.•. I
-FEB...I
—MAR... I
—APR.* * I
—MAY... I
-JUN...I
—JUL...I
—AUG.. . |
-SEP... I
—OCT... I
-NOV . . . I
-DEC...I
I
1976—JAN...I
-FEB...I
—MAR... I
-APR... 1
-MAY...I
-JUN...I
—JUL * . . I
—AUG...I
-SEP...I
-OCT... 1
-NOV...I
-DEC... I
I
1977—JAN.•.I
-FEB... I
-MAR... I
-APR...I
—MAY . . . I
-JUN...1
—JUL... I
—AUG...1
-SEP...I
—OCT . . . I
-NOV..* I
-DEC...I
*
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
|
YEAR
4004.9
4098.5
4193.5
4246.9
4264.8
4296.9
4256.2
4216.9
4220.0
4223.1
4181.1
4219.4
1.6
2.3
2.3
1.3
0.4
0.8
-0.9
-0.9
0.1
0.1
-1.0
0.9
4214.4
4214.2
4302.4
4342.1
4326.7
4359.2
4395.3
4427.6
4440.2
4434.2
4522.5
4585.3
-0.1
—0.0
2.1
0.9
-0.4
0.8
0.8
0.7
0.3
-0.1
2.0
1.4
1
1
1
|
|
1
|
|
1
1
I
|
1
1
I
1
|
I
1
1
1
1
1
1
I
1.5
1.8
3.2
1.7
3.1
2.0
2.4
1.5
1.0
0.8
1.2
0.2
1
I
1
I
1
1
|
1
I
1
I
I
4656.1
4738.7
4890.1
4975.0
5129.6
5230.6
5355.7
5437.9
5494.4
5539.4
5607.7
5619.1
THOUSANDS
24.9
27.3
29.5
26.7
26.6
24.6
16.2
15.6
12.9
11.6
8.7
7.1
5.2
2.8
2.6
2.2
1.5
1.4
3.3
5.0
5.2
5.0
8.2
8.7
10.5
12.4
13.7
14.6
16.6
20.0
21.9
22.8
23.7
24.9
24.0
22.5
AS PERCENTAGE LF
AVERAGE SIZE
NUMBER
AMOUNT
PERCENTAGE
CHANGE
FROM LAST
YEAR
DOLLARS
LOANS
1
OUTSTANDING*
ERCENTAGE
CHANGE
FROM LAST
YEAR
REPAYMENTS
|
I
1
I
|
|
1
1
I
1
I
1
62.6
63.4
63.6
63.4
63.0
62.8
62.2
60 * 6
60.1
59.6
56.6
56.6
8.4
9.5
10.9
9.7
8.7
7.6
4.6
0.7
-1.7
—2 . 6
-4.7
—6.2.
63775.
64619.
65883.
66942.
67697.
68435.
6b4 14.
69608.
70215.
70b66.
71372.
72056.
15.2
16.2
16.7
17.3
16.4
15.6
13.0
14.6
14.6
14.6
14.1
14.2
1
|
I
I
|
|
I
|
1
1
1
1
32.6
32.6
33.0
32.6
32.4
32.1
31.2
30.4
30.0
29.5
26.8
26.6
#
I
|
|
|
1
|
|
I
I
t
|
476.7
495.5
511.0
519.3
516.1
516.3
507.3
503.3
491.9
489.7
476.9
456.5
I
1
1
1
I
I
1
I
I
I
I
1
i
I
I
I
I
I
|
1
1
I
t
I
1
57.8
57.2
57.8
57.7
57.2
57.3
57.0
57.3
57.2
56.9
57.6
57.7
-7.9
72886.
73701.
74412.
75288.
75600.
76105.
77136.
77212.
77606.
77932.
78459.
79480.
14.3
14.1
12.9
12.5
11.7
11.2
12.7
10.9
10.5
10.0
9.9
10.3
28.2
27.8
28.0
27.9
27.4
27.3
27.1
27.0
26.7
26.4
2o . 6
26.6
1
|
I
1
|
I
I
|
I
1
1
1
451.0
433.0
423.7
412.5
404.1
399.7
397.5
393.6
369.1
384. b
36 3 . 6
3o6 . 9
57.6
58.1
58.5
58.7
59.7
60.4
60.7
61.1
61.4
61.7
62.1
62.0
-0.0
1.5
805 4 6 .
10.5
10.7
12.4
12.5
13.7
13.9
14.4
15.2
15.3
15.3
15.2
14.0
1
|
|
1
I
1
1
1
1
1
1
I
1
|
I
|
1
1
|
|
1
1
I
1
I
26.7
26.9
27.4
27.5
26.0
26.2
28.6
26.6
28.6
28.5
28.4
28.2
1
I
I
1
1
|
I
i
1
I
I
1
374.3
376.7
J76.9
3b2 . 9
36 5 . 3
360.1
374.6
375.3
380.7
361.2
361.5
380.6
—9 * 6
-9.2
-9.1
-9.2
—8 . 8
-8.4
-5.3
-4.6
-4.5
—1. 6
-1.5
1.1
1.8
4.2
5.4
6.5
6.6
7.3
8.4
7.7
7.5
81622.
83619.
847 0 7 .
65983.
86669.
88264.
8b9 7 0 .
894 7 0 .
89819.
90369.
90616.
AVERAGE OUTSTANDING LOANS DURING THE PRECEDING 12 MONTHS (AVERAGE UF ENU-OF-MGNTH DATA),
L
(
(TABLE 223)
AND REFINANCING OF EXISTING FEDERAL LAND BANK LOANS (TAriLt
13
14
TABLE 2 2 3 . 1
FEDERAL LAND BANKS
NEW MONEY LOANED
1 MILLIONS
OF
1
1 DOLLARS
1
1975—JAN.••I
-FEB...I
—MA R . . . |
-APR...|
-MAY...I
-JUN...I
—JUL...|
-AUG...I
-SEP...I
-OCT...I
-NOV...|
-DEC...I
1
1976—JAN... |
—FE B. . • I
—MAR...I
—APR . . . 1
—MA Y . . . I
—JUN...|
—JUL.••j
-AUG...1
—SEP.••I
-OCT... 1
-NOV...I
-OEC...I
I
1977-JAN...|
-FEB...1
-MAR...I
-APR...I
-MAY...I
-JUN...I
—JUL...1
—AUG..•|
-SEP...I
-OCT... I
—NOV•.•I
—DEC..•j
*
MONTH
1
19.6 |
-14.0 1
27.6 I
-11.4 |
-3.3 1
-2.6 1
-11.7 |
-10.8 |
3.2 1
6.1 1
-22.0 |
51.6 1
1
4.2 |
-13.1 1
56.0 1
-21.2 I
-15.3 I
10.2 I
-8.0 1
-14.1 |
-0.3 |
-3.0 I
12.6 I
23.9 I
|
6.9 1
-6.0 I
59.4 |
-26.8 |
0.3 I
-1.6 |
-4.2 |
-18.9 |
-6.6 I
-4.8 I
17.7 |
9.7 I
334.4
287.6
367.7
325.6
314.9
306.0
270.2
241.0
246.6
263.9
205.6
312.0
325.0
282.5
440.7
347.3
294.3
324.2
298.3
256.1
255.4
247.6
278.7
345.5
376.1
346.2
551.9
403.9
405.0
398.7
382.1
309.8
289.3
275.4
324.3
355.8
YEAR
AS PERCENTAGE Oh
•
t
LOANS
CLOSED
LOANS OOTH
STANDING*!
16.9
32.2
25.6
11.3
3.1
6.5
-13.9
-14.4
-4.2
0.0
-20.6
11.6
2.5
2.1
2.6
2.3
2 .2
2.1
1.8
l.o
1.6
1.7
1.3
2.0
|
I
1
|
I
I
1
1
|
|
I
|
64.0
82.8
b 3.7
62.1
63.0
t>2 • 1
61.6
b3 . 6
cO.O
62.6
78.5
63.t
-2.8
-1.8
19.9
6.7
—to.5
5.9
10.4
6.3
2.7
- 6 .2
35.5
10.7
2.0
1.7
2.7
2.1
1.7
1.9
1.7
1.5
1.4
1.4
1.5
1.9
|
|
1
I
1
|
1
|
|
I
I
|
82.7
61.5
63.5
79.6
60.9
60.0
61.3
79.6
79.0
79.0
79.5
76.9
15.7
22.5
25.2
16.3
37.6
23.0
26.1
21.0
13.3
11.2
16.3
3.0
2.0
1.9
2.9
2.1
2.1
2.0
1.9
1.5
1.4
1.3
1.5
1.7
I
I
|
I
1
1
|
|
|
I
|
1
61.1
fcC.6
81.3
77.5
76.1
78.6
77.6
76.9
76.2
76.8
77.4
79.3
OUTSTANDING LOANS AT END OF PRECEDING MONTH.
•
PERCENTAGE CHANGE
FROM PREVIOUS
•
i
I
I
I
I
I
i
I
I
I
I
I
1
I
I
I
I
I
1
I
I
#
#
#
#
#
#
#
#
#
#
*
<
TABLE 2 2 3 . 3
FEDERAL LAND BANKS
NEW MONEY LOANED
TWELVE-MONTH MOVING TOTAL
MILLIONS |
OF
|
DOLLARS |
1
*
1975—JAN...|
—FE B . . . j
-MAR...|
—APR••. |
—MAY . . . I
-JUN.•. |
—JUL•• . |
-AUG...|
-SEP... |
-OCT...|
-NOV...#
-DEC... |
3388.2
3458.2
3533.1
3566.1
3575.5
3594.1
3550.6
3510.2
3499.3
3499.4
3445.3
3477.6
1976—JAN. . . |
—FEB...j
—MAR..•I
—APR...|
—MAY... I
-JUN...|
-JUL...j
-AUG...|
-SEP...1
-OCT...|
-NOV...I
-DEC•..|
3468.2 1
3463.2 |
3536.2 |
3557.9 |
3537.3 |
3555.5 |
3583.6 |
3598.7 |
3605.4 |
3589.1 |
3662.1 |
3695.6 I
1977-JAN...I
-FEB.•.j
-MAR.••j
—APR...|
-MAY...!
-JUN...I
—JUL.•• 1
—AUG... |
-SEP...I
-OCT... |
—NOV... 1
-DEC...!
3746.6
3610.3
3921.5
3978.0
4088.7
4163.2
4247.1
4300.8
4334.7
4362.5
4408.0
4418.3
1
|
|
1
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
I
|
I
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
1.5
2.1
2.2
0.9
0.3
0.5
-1.2
-1.1
-0.3
O.U
-1.5
0.9
|
YEAR
AS PERCENTAGE OF
LOANS OUT—|
STANDING*!
LOANS
CLOSED
1
|
|
|
|
|
|
I
|
|
|
|
26.5
26.1
29.7
26.1
25.4
22.9
16.2
13.1
10.1
8.8
5.4
4.1
27.6
27.7
27.8
27.b
27.1
26.8
26.1
25.3
24.9
24.5
23.7
23.6
|
1
|
|
|
1
|
|
|
|
|
|
64.6
04.4
84.3
64.0
o3 . 6
63.6
o3.4
63.2
62.9
82.9
62.4
62.4
-0.3 |
-0.1 |
2.1 |
0.6 |
-0.6 |
0.5 |
0.8 |
0.4 |
0.2 |
-0.5 |
2.0 |
0.9 1
2.4
0.1
0.1
-0.2
-1.1
-1.1
0.9
2.5
3.0
2.6
6.3
6.3
23.2
22.6
23.0
22.8
22.4
22.2
22.1
21.9
21.7
21.3
21.5
21.5
1
i
1
I
|
|
|
1
|
|
|
|
62.3
62.2
ti2 . 2
81.9
61.6
61.6
61.5
81.3
81.2
60.9
81.0
60 . 6
6.0
10.0
10.9
11.8
15.6
17.1
16.5
19.5
20.2
21.5
20.4
19.6
21.5
21.6
22.0
22.0
22.3
22.5
22.6
22.6
22.5
22.4
22.4
22.1
|
|
|
|
|
|
|
|
|
|
|
|
60.5
60 . 4
60.2
60.0
79.7
79.6
79.3
79.1
76.9
78.6
76.6
78.6
1.4
1.7
2.9
1.4
2.8
1.6
2.0
1.3
0.8
0.6
1.0
0.2
|
|
|
1
|
1
|
|
|
|
|
|
AVERAGE OUTSTANDING LOANS DURING THE PRECEDING 12 MONTHS (AVERAGE OF END-OF-MONTH D A T A ) .
TOWARD THE END OF 1 9 7 6 , NEW LENDING BROKE OUT OF A PLATEAU AND INCREASED CONSIDERABLY DURING 1 9 7 7 .
ROSE EVEN FASTER, HOWEVER, AND THUS NEW MONEY LOANED COMPRISED A LOWER PROPORTION OF LOANS CLOSED.
REFINANCING (TAoLE 2 2 4 )
TABLE 2 2 4 . 1
FEDtRAL LAND BANKS
REFINANCING AND REPAYMENT b
REPAYMENT 5
REFINANCING OF FEDERAL LAND BANK LOANS
MILLIONS |
1
OF
DOLLARS
I
*
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
1
YEAR
AS PERCENTAGE Oh
LOANS GUT- I
STANDING* 1
1975—JAN.••I
—FEB...|
-MAR...1
-APR...j
-MAY...I
—JUN...|
—JUL.••)
—AUG...I
—SEP...I
-OCT...|
—NO V . . . |
—DEC...|
63.5
59.5
71.7
71.1
64.3
66.5
60.7
47.4
62.0
55.7
56.5
62.9
1
j
I
1
j
I
I
I
I
I
1
1
11.7 I
—6.3 j
20.4 I
-0.7 I
-9.6 I
3.5 1
-8.7 I
-22.0 I
30.9 I
-10.2 1
1.4 I
11.3 I
34.5
65.b
38.7
40.5
15.0
25.6
4.8
<.5
29.2
5.7
27.2
10.5
0.47
0.44
0.52
0.50
0.45
0.45
0.41
0.31
0.40
0.36
0.36
0.40
1976-JAN...I
—FEB...|
-MAR...|
-APR...j
-MAY...I
-JUN...I
-JUL...|
—AUG...I
-SEP...;
-OCT... |
-NOV...I
-DEC...I
67.9
64.3
86.9
89.1
69.4
80.8
68.8
64.6
67.9
66.0
71.8
92.1
I
I
I
I
I
I
j
j
I
1
j
I
8.0
-5.2
35.2
2.5
-22.1
16.5
-14.9
—6.1
5.0
-2.7
8.8
26.3
I
I
|
|
I
1
I
|
I
I
I
1
6.9
8.0
21.3
25.3
8.0
21.5
13.3
36.4
9.5
18.5
27.2
46.6
1977—JAN...|
-FEB... |
—MAR...|
—APR..•I
—MAY...I
—JUN...1
—JUL...I
—AUG...I
-SEP...I
-OCT•• • I
-NOV.. . |
-DEC...1
87.6
83.3
127.1
117.4
113.3
107.3
110.1
93.1
90.5
83.2
94.6
93.1
I
1
1
1
1
I
I
I
I
|
I
I
-4.9
-4.9
52.6
-7.6
-3,5
-5.3
2.6
-15.4
—2.8
—8.0
13.7
-1.5
I
|
I
I
|
I
|
|
I
1
|
1
29.1
29.5
46.2
31.b
63.2
32.8
60.0
44.1
33.3
26.1
31.7
1.1
0.42
0.40
0.53
0.53
0.41
0.47
0.40
0.37
0.38
0.37
0.40
0.50
1
I
1
1
1
1
1
I
1
1
I
I
j
I
1
1
I
I
I
1
1
1
1
1
1
0.47
0.45
0.67
0.61
0.56
0.54
0.55
0.46
0.44
0.40
0.45
0.44
1
I
1
1
1
1
1
1
I
1
1
1
LOANS
CLGSEL
| MILLIONS 1
I
OF
1
DOLLARS
I
|
|
134.7
o4.0
66.2
63.b
63.0
60.6
63.7
53.2
63.3
70.1
80.3
135.4
17.3
18.5
16.5
20.4
19.1
20.U
16.7
20.2
21.0
21.0
20.5
21.1
|
I
I
|
|
|
1
|
I
|
I
1
j
|
I
|
|
1
|
|
I
I
t
|
|
18.9
19.4
16.7
22.5
21.9
21.2
<2.4
23.1
23.b
23.2
22.6
20.7
|
|
|
I
1
|
1
I
I
1
|
1
<07. 6
117.U
142.9
109.6
113.3
125.3
131.5
92.6
73.5
92.1
1*3.1
147.7
16.0
17.2
16.3
17.9
17.0
17.9
18.4
16.4
20.0
17.4
21.5
16.b
149.0
102.8
110.4
101.0
e l.o
60.5
7b.b
72.6
79.3
b2.2
106.2
141.5
|
j
1
I
|
I
1
1
1
1
I
I
j
1
I
|
1
1
I
1
1
1
1
1
1
|
i
1
I
1
I
1
1
1
1
1
1
1
PERCENTAGE CHANGE
FkOM PREVIOUS
MONTH
|
46.6 |
-52.5 |
6.5 I
-6.4 |
-1.2 |
-3.7 1
5.1 I
-16.4 |
18.9 1
10.7 |
14.0 t
66.6 |
j
10.0 |
-31.0 I
7.4 |
-6.5 |
-19.8 |
-0.5 |
-2.2 |
-7.9 |
9.3 |
3.6 |
29.2 |
33.3 |
|
46.7 |
-43.6 |
22.1 |
-23.3 I
3.3 |
10.6 |
D.O i
-29.6 1
-20.5 I
25.3 |
33.6 j
<0.0 I
OUTSTANDING LOANS AT END OF PRECEDING MONTH •
"REFINANCING OF FEDERAL LAND BANK LOANS" I S COMPUTED Ab LOANS CLOSED LESS NEW MONEY LOANED.
"REPAYMENTS" ARE COMPUTED AS NEW 1WJNEY LOANED LESS THE CHANGE I N LOANS OUTSTANDING.
Yt Ars
|
AJ PERCENTAGE OF
I LOANS O u T | STANulNb*
4.8
-13.0
—8 . 6
-4.4
9.1
17.9
11.9
-2.1
46.4
6.6
<1.6
47.4
1
I
I
|
I
1
i
I
I
I
1
I
1.00
0.47
0.49
0.45
0.44
0.41
0.43
0.35
0.41
0.45
0.51
0.65
10.6
60.6
61.9
5b.3
26.6
32.9
23.7
36.4
25.4
17.2
32.2
4.5
|
I
|
j
|
I
|
I
|
|
|
|
0.93
0.64
0.o7
v .60
0.46
0.47
0.45
0.41
0.45
0.4 L
0.59
0.77
39.3
13.8
29.5
8.o
39.9
55.6
67.0
27 . 6
-7.3
12.1
15.9
4.4
1
I
I
I
I
1
1
I
1
1
|
|
1.10.63
U • 7o
0.57
0.5b
0.63
0.65
0.45
0.36
0.44
0.5b
0.69
TABLE 2 2 4 . 3
FEDERAL LAND BANKS
REFINANCING AND REPAYMENTS
TWELVE-MONTH MOVING TOTAL
REPAYMENTS
REFINANCING OF FEDERAL LAND BANK LOANS
MILLIONS
OF
DOLLARS
1975-JAN...I
-FEB...|
—MA R . . . 1
—APR . . . |
—MAY.•.I
-JUN...I
-JUL...I
—AUG...1
—SEP...1
-OCT...|
-NOV...1
—DEC..* I
616.7
640.4
660.4
680.9
689.2
702.8
705.6
706.7
720.8
723.7
735.8
741.8
1976—JAN...|
—FEB...I
-MAR...|
—APR... 1
-MAY... |
-JUN...1
—JUL.. . |
—AUG... I
-SEP...I
-OCT...I
—NOV...1
-DEC...1
746.2
751.0
766.3
784.2
789.3
803.6
811.7
828.9
834.8
845.1
860.5
889.7
1977—JAN...I
—FE B . . . 1
—MAR.• . |
—APR. . . I
-MAY...I
-JUN...J
—JUL... |
—AUG...|
-SEP... |
-OCT..E|
-NOV...|
-DEC...|
909.5
928.5
968.6
997.0
1040.9
1067.3
1108.6
1137.1
1159.7
1176.9
1199.7
1200.7
1
1
I
|
1
1
I
1
1
1
1
I
1
1
1
1
1
1
1
|
1
I
I
1
1
1
1
I
1
1
I
I
1
1
1
1
1
1
I
I
|
|
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
2.7
3.8
3.1
3.1
1.2
2.0
0.4
0.2
2.0
0.4
1.7
0.8
|
|
|
I
I
|
1
|
I
1
|
I
|
1
0.6 |
0.6 |
2.0 |
2.3 |
0.7 |
1.8 |
1.0 i
2.1 I
0.7 I
1.2 |
1.8 I
3.4 |
1
2.2 |
2.1 I
4.3 |
2.9 |
4.4 |
2.5 |
3.9 |
2.6 |
2.0 |
1.5 1
1.9 |
0.1 1
YEAR
I
AS PERCENTAGE OF
I LOANS OUT-1
I STANDING*!
LOANS
CLOSED
MILLIONS I
1
OF
DOLLARS 1
1
5.0
5.1
5.2
5.3
5.2
5.2
5.2
5.1
5.1
5.1
5.1
5.0
|
I
|
1
|
1
|
I
I
1
I
1
j
|
|
1
|
|
I
|
I
1
|
(
|
15.4
15.6
15.7
16.0
16.2
1&.4
16.6
16.b
17.1
17.1
17.6
17.6
b36.7
b27. 1
820.7
817.8
823.1
832.3
839.0
837.9
858.0
862.3
B7 6 . 7
920.2
21.0
17.3
16.0
15.2
14.5
14.3
15.0
17.3
15.8
16.8
16.9
19.9
1
1
1
1
I
1
1
I
1
1
1
1
j
1
|
I
1
1
|
|
1
I
1
1
1
17.7
17.B
17.b
lb.1
18.2
lb.4
1.8.5
lb.7
lb.b
19.1
19.0
19.4
934.5
973.3
1015.5
1052.7
1070.7
1090.6
1105.7
1125.0
1141.1
1153.2
1179.0
1165.2
21.9
23.6
26.4
27.1
31.9
32.8
36.6
37.2
38.9
39.3
39.4
35.0
1
1
1
1
1
I
1
|
1
1
1
1
5.2 i
5.3 |
5.4 |
5.5 |
5.7 |
5.6 1
5.9 |
6.0 |
6.0 |
6.0 1
6.1 |
6.0 |
19.5
19.6
19.8
20.0
20.3
20.4
20.7
20.9
21.1
21.2
21.4
21.4
1243.8
1258.0
1290.5
1299.2
1331.4
1376.2
1429.0
1449.0
144 3 . 2
1453.1
1470.1
1476.2
16.7
22.9
28.1
32.1
32.9
33.9
28.9
30.3
29.3
27.5
28.0
23.5
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.1
5.0
5.0
5.1
5.2
1
1
1
1
1
1
1
1
T
1
1
1
i
1
I
1
|
I
1
1
1
1
I
|
1
1
|
1
1
I
I
|
1
T
|
1
1
1
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
0.6
-1.1
-0.8
-0.4
0.6
1.1
0.6
-O.i
2.4
0.5
1.7
5.0
1.6
4.1
4.3
3.7
1.7
1.9
1.4
1.7
1.4
1.1
2
0.5
4.9
1.1
2.6
0.7
2.5
3.4
3.6
1.4
-0.4
0.7
1.2
0.4
1
|
1
1
1
|
1
I
|
I
1
|
|
I
|
I
1
|
|
I
|
I
1
1
1
I
|
j
1
1
1
1
|
1
I
|
1
|
|
YEAR
3.9
1.1
—0 . 5
—1 .6
-O.b
0.9
1.0
1.1
3.7
3.0
6.6
10 .O
11.7
17.7
23.7
26.7
30.1
31.0
31.6
34.3
33.0
33.7
34.5
28.8
33.1
29.3
27.1
23.4
24.4
26.^
29.2
2b . 6
26.5
26.0
24.7
24.6
I
AS PER- 1
ICTNTAGT OF|
LLOANB OUT—I
I STANDING*!
1
1
I
1
1
1
1
I
j
1
|
1
|
i
j
1
I
1
1
I
I
1
1
T
j
|
I
I
1
1
1
\
I
|
I
1
|
j
6.6
6.6
o.5
6.3
6.2
6.2
6.2
6.0
6.1
6.0
6.0
o.2
6.3
6.4
6.6
6.8
6.b
6.8
6 .b
6.9
6.9
6.9
t .9
6.9
7.1
7.1
7.2
7.2
7.3
7.4
7.6
7.6
7.5
7.5
7.5
7.4
I
I
1
I
I
|
I
I
|
|
|
i
1
|
|
I
|
I
|
I
|
I
|
|
|
|
1
I
I
I
1
1
I
I
I
1
I
I
T AVERAGE OUTSTANDING LOANS DURING THE PRECEDING 12 MONTHS (AVERAGE OF END-OF- -MONTH D A T A ) .
THE MARKED RELATIVE
STRENGTH I N REPAYMENTS MAY HAVE PEAKED I N M I D - 1 9 7 7 ,
AS JUDGED FROM T H E I R R A T I O TO LOANS OUTSTANDING.
17
AGRICULTURAL FINANCE DATABOOK—MONTHLY SERIES
230
LIFE
231
INSURANCE COMPANIES
FARM MORTGAGES OUTSTANDING
231.1
232
19
ACTUAL
12—MUNIH MOVING TOTAL
20
a
FARM MORTGAGE COMMITMENTS OUTSTANDING
233.1
SOURCE:
ACTUAL
FARM MORTGAGES ACQUIRED
232.1
232.3
233
JANUARY 1978
ACTUAL
"MONTHLY S T A T I S T I C A L REPORT," AMERICAN COUNCIL UF L I F E
22
INSURANCE*
TABLE 2 3 1 . 1
L I F E INSURANCE COMPANIES
FARM MORTGAGES OUTSTANDING
END UF MONTH
i
1
1
1
1
1975-JAN...I
-FEB..„|
—MAR... I
—APR•.•|
-MAY...!
-JUN...1
—JU L . • . 1
—AUG... |
—SEP.• . |
-OCT... I
-NOV . . . |
-DEC...1
1
1976—JAN...|
-FEB...1
-MAR...I
—APR . . . 1
—MAY... 1
-JUN...I
—JUL.ee|
-AUG...I
-SEP...I
-OCT...I
-NOV . . . 1
-DEC . . . 1
1
1977—JAN...1
-FEB...I
-MAR...I
—APR... 1
—MAY...|
-JUN...I
—JUL...I
—AUG...I
-SEP. . . 1
—OCT... I
AND 1 9 2 1 ,
MILLIONS GF DOLLARS
PERCENTAGE CHANGE
FROM PREVIOUS
|
CHANGE FROM PREVIOUS!
AMOUNT
MONTH
|
6744.
6781.
6827.
6873.
6941.
7000.
7068.
7124.
7181.
7217.
7286,
7416.
|
|
|
1
I
I
1
1
1
I
I
I
1
-9. 1
37. I
46. I
46. I
68. I
59. I
68. I
56. I
57. I
36. 1
69. |
132. I
7428.
7513.
7625.
7816.
7926.
8140.
8236.
8331.
8475.
8569.
10.
65.
112.
191.
110.
214.
96.
95.
144.
94.
6300.
6394.
6428.
6504 .
6543.
6573.
6584.
6606.
6631.
6661.
6679.
6753.
-27.
94.
34.
76.
39.
30.
11.
22.
25.
30.
18.
74.
I
|
1
1
1
|
|
|
|
|
YEAR
MONTH
|
334.
429.
429.
469.
469.
445.
396.
364.
364.
361.
387.
426.
t
I
I
1
I
I
I
|
|
I
1
1
-0.4
1.5
0.5
1.2
0.6
0.5
0.2
0.3
0.4
0.5
0.3
1.1
444.
367.
399.
369.
398.
427.
484.
518.
550.
556.
607.
665.
|
1
1
|
1
1
I
I
I
1
1
|
-0.1
0.5
0.7
0.7
1.0
0.9
1.0
0.6
0.8
0.5
1.0
1.8
684.
732.
798.
943.
985.
1140.
1168.
1207.
1294.
1352.
1
1
1
I
I
I
|
|
I
I
0.1
1.1
1.5
2.5
1.4
2.7
1.2
1.2
1.7
1.1
I
1
I
1
|
|
|
1
1
1
1
I
1
1
|
I
|
|
I
I
|
1
|
1
1
I
I
;
1
I
I
I
|
I
I
|
1
1
YEAR
5.6
7.2
7.2
7.6
7.7
7.3
6.4
6.2
6.1
6.1
6.2
o.7
7.0
6.1
6.2
5.7
6.1
6.5
7.4
7.6
6.3
6.3
9.1
9.6
10.1
10.6
11.7
13.7
14.2
16.3
16.5
16.9
18.0
16.7
RESPECTIVELY (BASED ON DATA BACK TO 1 9 1 0 . )
19
TABLE 2 3 2 . 1
L I F E INSURANCE COMPANIES
FARM MORTGAGES ACQUIRED
M I L L I O N S OF DOLLARS
1
1
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
|
1
YEAR
1975-JAN...|
-FEB...I
-MAR...I
-APR...I
-MAY...|
-JUN...I
-JUL...I
-AUG...I
-SEP...I
-OCT...!
-NOV...I
-DEC...|
i
1
1976—JAN.•.|
-FEB...I
-MAR...I
—AP R . . . I
—MAY...|
-JUN...I
—JUL.. . j
-AUG...I
-SEP...I
-OCT . . . |
-NO V . . . |
-DEC . . . I
80.
164.
119.
120.
75.
75.
55.
53.
62.
54.
65.
153.
-17.
84.
-45.
1.
-45.
0.
-20.
-2.
9.
—8.
11.
86.
|
|
|
i
|
I
I
|
|
j
1
|
-9.
100.
—5.
28.
-20.
-22.
-41.
-20.
7.
-18.
12.
56.
|
|
|
I
1
|
|
|
I
I
I
|
-17.5
105.0
-27.4
0.8
-37.5
0.0
-26.7
-3.6
17.0
-12.9
20.4
135.4
|
|
|
I
I
|
|
|
|
|
|
|
-10.1
156.3
-4.0
30.4
-21.1
-22.7
-42.7
-27.4
12.7
-25.0
22.6
57.7
100.
116.
136.
128.
125.
131.
136.
106.
123.
79.
116.
242.
-53.
16.
20.
-8.
-3.
6.
7.
-32.
17.
-44.
37.
126.
|
|
|
|
|
|
I
|
|
|
|
I
20.
-46.
17.
8.
50.
56.
63.
53.
61.
25.
51.
69.
|
|
|
1
I
|
|
|
|
|
I
|
-34.6
16.0
17.2
-5.9
-2.3
4.6
5.3
-23.2
16.0
-35.6
46.8
106.6
|
I
|
|
j
|
|
|
|
|
|
I
25.0
-29.3
14.3
6.7
66.7
74.7
150.9
100.0
96.4
46.3
76.5
1977-JAN...I
-FEB.•• 1
-MAR...|
-APR...j
—MAY... I
-JUN... |
-JUL...|
—AUG...j
-SEP...I
-OCT... I
160.
156.
233.
256.
214.
278.
168.
188.
209.
144.
-4.
77.
23.
-42.
64.
-110.
20.
21.
-65.
|
|
1
|
|
|
|
I
|
60.
40.
97.
126.
89.
147*
30.
62.
86.
65.
|
|
|
|
I
|
|
|
-33.9
-2.5
49.4
9.9
-16.4
29.9
-39.6
11.9
11.2
-31.1
|
I
|
1
|
|
|
|
|
|
60.0
34.5
71.3
100.0
71.2
112.2
21.7
77.4
69.9
82.3
I
00
(XI
*
AMOUNT
1
1
CHANGE FROM PREVIOUS|
1
MONTH
|
YEAR
1
1
|
OUTSTANDING MORTGAGES AT END OF PRECEDING MONTH.
5 b .2
AS PERCENTAGE OF
MORTGAGES
OUTSTANDING*
1.3
2.6
1.9
1.9
1.2
1.1
0.6
0.6
0.9
0.6
1.0
2.3
1.5
1. /
2.0
1.9
1.6
1.9
2.0
1.5
1.7
1.1
l.b
3.3
2.2
2.1
3.1
3.4
2.7
3.5
2.1
2.3
2.5
1.7
TABLE 2 3 2 . 3
L I F E INSURANCE COMPANIES
FARM MORTGAGES ACQUIRED
TWELVE-MONTH MOVING TOTAL
RCEN7AGE CHANGE
FROM PREVIOUS
MILLIONS OF DOLLARS
I
I
|
1
1975-JAN. . . 1
—FEB. . • 1
-MAR...I
—APR.•.1
-MAY...1
-JUN... I
—JUL... 1
-AUG...1
-SEP...1
-OCT... 1
-NOV... 1
—DEC . . . 1
1
1976—JAN...I
-FEB...1
—MAR...I
-APR...I
-MAY...1
—JUN... I
-JUL. . . 1
—AUG...1
-SEP...I
-OCT... I
-NOV... I
-DEC...1
1
1977-JAN...I
-FEB...I
—HARe • • |
—AP R • • • I
-MAY*.•1
-JUN...I
-JUL*.•1
-AUG*#* 1
-SEP...I
-OCT...I
CHANGE FROM PREVIOUS
AMOUNT
1
998.
1098.
1093.
1121.
1101.
1079.
1038.
1018.
1025.
1007.
1019.
1075.
1095.
1047.
1064.
1072.
1122.
1178.
1261.
1314.
1375.
1400.
1451.
1540.
1600.
1640.
1737.
1865.
1954.
2101.
2131.
2213.
2299.
2364.
1
1
1
I
1
1
1
1
I
1
1
1
1
1
1
I
|
1
I
|
8
1
1
1
1
1
1
I
1
1
|
I
1
1
|
1
1
MONTH
|
IONTH
YEAR
YEAR
—3.3
6.2
3.1
4.2
1.0
—1. 6
-6.5
-7.1
—4 . 6
—6.2
-1.2
6.8
16.2
17.8
17.6
18.0
17.5
17.1
16.3
15.9
16.0
15.6
15.7
lo.5
1.9
-4.4
1.6
0.6
4.7
5.0
7.0
4.2
4.6
1.8
3.6
6.1
|
I
I
|
I
1
I
|
I
|
I
|
1
I
|
1
I
I
I
|
I
1
|
I
I
9.7
-4.6
-2.7
-4.4
1.9
9.2
21.5
29.1
34.1
39.0
42.4
43.3
lo.7
15.9
16.1
lo.l
16.8
17.5
18.7
19.3
20.1
20.3
20.9
22.1
3.9
2.5
5.9
7.4
4.8
7.5
1.4
3.8
3.9
2.8
|
|
1
|
I
I
1
1
1
I
46. 1
56.6
63.3
74.0
74.2
78.4
69.0
68.4
67.2
68.9
22.7
23.1
24.3
25.8
26.8
28.5
2b.5
29.2
29.9
30.4
-9.
100.
-5.
28.
-20.
-22.
-41.
-20.
7.
-18.
12.
56.
|
|
I
|
1
|
|
I
1
1
I
I
-34.
64.
33.
45.
11.
-18.
-72.
-78.
-49.
-67.
-12.
68.
-0.9
10.0
-0.5
2.6
-1.8
—2.0
-3.8
-1.9
0.7
-1.8
1.2
5.5
20.
-48.
17.
8.
50.
56.
83.
53.
61.
25.
51.
89.
1
I
I
I
1
I
1
1
1
1
1
1
|
I
I
I
1
1
1
1
|
1
1
97.
-51.
-29.
-49.
21.
99.
223.
296.
350.
393.
432.
465.
505.
593.
673.
793.
832.
923.
870.
899.
924.
964.
60.
40.
97.
128.
89.
147.
30.
82.
86.
65.
|
1
AS PERCENTAGE OF
MORTGAGES
OUTSTANDING*
AVERAGE OUTSTANDING MORTGAGES DURING THE PRECEDING 12 MONTHS (AVERAGE OF ENO-OF-MONTH D A T A ) .
RiS-iSSSSSSUKiK IS SSi.il SSSTK SV-Hi
™
—10"
21
TABLE 2 3 3 . 1
L I F E INSURANCE COMPANIES
OUTSTANDING FARM MORTGAGE COMMITMENTS
END OF MONTH
1
1
1
1
1
MILLIONS OF DOLLARS
1
CHANGE FRUM PREVIOUS 1
AMOUNT
1975—JAN.••I
—FEB . . . I
-MAR...I
—APR.*.|
—MAY... I
—JUN... 1
—JU L . . . I
-AUG...I
-SEP...I
-OCT...!
-NOV . . . 1
—DEC . . . I
1
1976—JAN...|
-FEB . . . I
—MAR... I
-APR...1
—MAY . . . 1
-JUN... I
—JUL . . . 1
—AUG . . . 1
-SEP...I
"-OCT . . . I
—NOV...1
—DEC . . . 1
1
1977—JAN...1
—FEB...|
-MAR...|
—APR...|
-MAY...|
-JUN...I
—JUL... 1
-AUG..•1
-SEP...I
-OCT...I
MONTH
|
YEAR
I
496.0
500.0
466.0
430.0
413.0
399.0
399.0
405.0
438.0
473.0
506.0
459.0
-74.0
4.0
-34.0
-36.0
-17.0
-14.0
0.0
6.0
33.0
35.0
33.0
—47.0
1
|
|
1
|
I
|
|
|
I
1
I
51.0
-14.0
-54.0
-105.0
-220.0
-241.0
-206.0
—2 2 6 . 0
-198.0
-144.0
-69.0
-111.0
1
I
|
|
I
|
|
|
|
1
I
|
466 . 0
477.0
479.0
501.0
482.0
490.0
487.0
494.0
520.0
582.0
592.0
553.0
7.0
11.0
2.0
22.0
-19.0
8.0
-3.0
7.0
26.0
62.0
10.0
-39.0
1
|
|
|
I
|
|
I
|
|
I
|
-30.0
-23.0
13.0
71.0
69.0
91.0
88.0
69.0
82.0
109.0
86.0
94.0
I
I
|
I
1
I
I
I
|
I
I
1
567.0
614.0
603.0
663.0
680.0
671.0
673.0
696.0
745.0
769.0
14.0 |
47.0 I
-11.0 I
60.0 |
17.0 |
-9.0 I
2.0 |
23.0 I
49.0 I
24.0 I
101.0
137.0
124.0
162.0
198.0
181.0
186.0
202.0
225.0
187.0
I
1
I
1
I
1
I
|
|
|
AS PERCENTAGE
OF MORTGAGES
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
t
1
-13.0 1
0.6 1
-6.8 |
-7.7 |
-4.0 |
-3.4 |
0.0 I
1.5 1
8.1 I
8.0 |
7.0 1
-9.3 1
i
1.5 I
2.4 |
0.4 |
4.6 I
-3.8 1
1.7 |
-0.6 |
1.4 |
5.3 I
11.9 |
1.7 |
—6 . 6 I
|
2.5 |
8.3 1
-1.0 1
10.0 I
2.6 I
-1.3 I
0.3 |
3.4 |
7.0 I
3.2 1
OUTSTANDING
ACQUIRED
I N MONTH
11.5
-2.7
-10.4
- 1 9.6
—34. 6
-37.7
-J4.0
-35.8
-31.1
-23.3
-15.0
-IV.5
7.9
7.6
7.2
6.6
6.3
t . i
6. 1
6.1
6.6
7.1
7.6
6.6
620.0
304.9
391.6
3i>d . 3
550.7
532 . 0
725.5
764.2
7Q6.5
675.9
776.5
300.0
—6 . 0
-4.6
2.8
16.5
16.7
22.6
c2.1
22.0
lb.7
23.0
17.0
20.5
6.9
7.U
7.0
7.3
6.9
7.0
6.9
6.9
7.2
6.1
6.1
7.5
466 . 0
411 . 2
352.2
391.4
3o5 . 6
374.0
352.9
466.0
h22 .O
7 36 . 7
5 10.3
22a . 5
21.7
2b.7
25.9
32.3
41.1
36.9
38.2
40.9
43.3
3*.l
7.6
6.2
7.9
6.5
6.6
6.2
8.2
6.4
8.8
9.0
354.4
393 . 6
256 . 6
2 59.0
317 .tt
241.4
400.6
370.2
356.5
534.0
YEAR
THE NEW HIGH MADE BY OUTSTANDING FARM MORTGAGE LOAN COMMITMENTS I N OCTOBER 1977 INDICATES THAT THE STRONG PACE OF LENDlNb fcY
L I F E INSURANCE COMPANIES WAS PROBABLY MAINTAINED THROUGH THE CLOSING MONTHS OF THE YEAR.
http://fraser.stlouisfed.org/
Federal Reserve
Bank of St. Louis
•
•
•
e
#
e
e
e
•
•
i
AGRICULTURAL FINANCE DATABOOK—MONTHLY SERIES
300
JANUARY 1978
AGRICULTURAL BANKING DATA
301
FARM NON-REAL-ESTATE
30lei
302
AMOUNT AND CHANGE FROM PREVIOUS YEAR
SEASONAL BORROWING tiY MEMBER BANKS
302.1
310
LOANS
NUMBER OF BANKS AND AVERAGE DAILY BORROWING
25
DEPOSITS AND LOANS AT AGRICULTURAL BANKS
311
FEDERAL RESERVE D I S T R I C T S 7 AND 9
311.3
312
PERCENTAGE CHANGE FROM PREVIOUS YEAR, AND LOAN/DEPOSIT RATIO
FEDERAL RESERVE D I S T R I C T 6 AND TEXAS
312.3
PERCENTAGE CHANGE FROM PREVIOUS YEAR, AND LOAN/DEPOSIT RATIO
27
FOR INFORMATION ON THE DESIGN OF THE SEASONAL BORROWING PRIVILEGE FOR WHlCh
DATA ARE SHOWN I N SECTION 3 0 2 , AND ALSO AN ANALYSIS OF I T S POTENTIAL AND
ACTUAL USE BY AGRICULTURAL BANKS, SEE "SEASONAL BORROWING AT THE FEDtRAL
RESERVE DISCOUNT WINDOW," BY EMANUEL MEL1CHAR AND HARRIET MGLOERNESS,
AGRICULTURAL FINANCE R E V I E W , OCTOBER 1 9 7 4 , P P . 4 2 - 5 1 .
FOR A BRIEF DISCUSSION OF THE ANALYTICAL VALUE OF THE DATA I N SECTION 3 1 0 , SEE
THE SECTION ENTITLED "FREQUENT DEPOSIT AND LOAN DATA" IN "OVERALL MEASURES OF
FEBRUARY*" 1 9 7 7 ^ ° P P A N 6 7 - 8 8 B Y
EMANUEL
MEL1CHAR
»
AGRICULTURAL FIhAMf.fr
REVIEW.
<4
TABLE 3 0 1 . 1
FARM NON-REAL-ESTATE LOANS AT COMMERCIAL BANKS
(END OF MONTH)
ALL COMMERCIAL BANKS
( B I L L I O N S OF DOLLARS)
LARGE
BANKS
(MILLIONS
OF
DOLLARS)
ACTUAL
1975-JAN...
—FE B. . .
-MAR...
-APR...
-MAY...
-JUN...
—JUL...
-AUG...
—SEP.*.
-OCT...
-NOV...
—DEC . . .
3599.
3498.
3390.
3425.
3397.
3458.
3549.
3581.
3631.
3597.
3547.
3640.
18.1
18.1
18.3
16.5
18.7
19.1
19.4
19.7
19.9
19.9
19.9
20.2
1976-JAN...
-FEB . . .
-MAR . . .
—APR...
-MAY...
-JUN...
-JUL...
-AUG.*.
-SEP...
-OCT...
-NOV...
-DEC...
3645.
3627.
3710.
3802.
3837.
3959.
3999.
4171.
4247.
4276.
4-258 .
4262.
20.2
20.3
20.5
21.2
21.6
22.2
22.4
22.6
22.9
23.0
23.1
23.3
1977-JAN...
—FE B . . .
-MAR...
—APR...
-MAY...
-JUN...
-JUL...
-AUG...
-SEP...
-OCT...
-NOV...
-DEC...
4243.
4165.
4268.
4369.
4578.
4694.
4743.
4758.
4794.
4798.
4700.
4700.
23.7
25.6
26.3
PERCENTAGE CHANGE FROM
PREVIOUS YEAR
CHANGE
AMOUNT
|SEASONALLY
| ADJUSTED
|
|
|
I
|
|
|
I
|
|
|
|
i
|
|
|
|
1
|
|
|
|
|
|
1
j
1
1
|
1
1
|
1
1
|
1
1
1
LARGE
BANKS
(MILLIONS
OF
DOLLARS)
16.6
18.4
18.5
18.7
18.5
18.7
19.0
19.4
19.7
19.9
20.1
20.4
-102.
-236.
-396.
-382.
-391.
-360.
-306.
—266 .
—106 .
-112.
-178.
-9.
20.6
20.7
20.7
21.3
21.5
21.6
22.0
22.3
22.7
23.0
23.3
23.5
46 .
129.
320.
377.
440.
501.
450.
590.
616.
681.
711.
622.
ALL COMMERCIAL BANKS
( B I L L I O N S OF DOLLARS)
ACTUAL
0.8
0.6
0.6
0.6
0.6
0.7
0.9
1.1
1.4
1.6
1.6
2.0
2.1
2.2
2.2
2.7
2.9
3.1
3.0
2.9
3.0
3.1
3.2
3.1
596.
536.
558.
567.
741 .
735.
744.
567.
547.
520.
442.
438.
24.0
25.2
26.0
LARGE
BANKS
SEASONALLY
ADJUSTED
0.6
0.6
0.6
0.7
0.6
0.6
0.9
1.2
1.4
1.6
1.6
1.6
2.0
2.3
2.2
2.6
3.0
3.1
3.0
2.9
3.0
3.1
3.2
3.1
3.2
3.3
3.4
J.4
3.4
3.3
ALL COMMERCIAL BANKS
ACTUAL
SEASONALLY
ADJUSTED
4.5
3.4
3.4
3.9
3.4
3.3
5.0
-0.2
4.6
3.4
3.4
3.4
3.3
3.8
4.9
5.9
7.6
6.7
6.7
11.0
7.7
6.7
b.o
9.7
1.3
3.7
9.4
11.6
10.6
-2.8
-6.4
-10.5
-10.0
-10.3
-9.9
—8.0
-7.0
-2.6
-3.0
-4.6
11.0
13.0
14.5
12.7
16.5
17.0
16.9
20.0
17.1
l<0>
14.3
15.0
14.9
19.3
16.6
l*.<o
14.1
12.9
ia..a
10.4
10.3
12.2
11.6
14.6
15.5
16.2
6.6
12.5
11.9
13.9
16.2
16.6
15.3
15.6
14.9
15.3
15.6
15.9
15.2
15.6
15.6
15.5
15.5
14.6
14.6
15.5
14.7
15.3
15.6
16.1
THESE
LARGE-BANK DATA ARE FOR APPROXIMATELY 330 COMMERCIAL BANKS THAT SUBMIT THE F . R . 4 1 6 WEEKLY REPORT OF CONDITION.
ARE BANKS THAT HAD TOTAL DEPOSITS I N EXCESS OF $100 M I L L I O N AS OF UtCEMbEk 3 1 , 1 9 6 b .
DECEMBER 1975 AND QUARTERLY STARTING IN MARCH 1976
DATA SHOWN FOR ALL COMMERCIAL BANKS ARE FROM CALL REPORTS AVAILABLE FOR JUNE AND
(MARCH AND SEPTEMBER DATA ARE ESTIMATED FOR UNINSURED BANKS).
FOR OTHER MONTHS, DATA SHOWN ARE INTERPOLATED ESTIMATES.
DATA FOR S£PT. 1977 ARE PRELIMINARY ESTIMATES.
http://fraser.stlouisfed.org/
#
Federal Reserve
Bank of St.#Louis
#
#
#
#
#
#
#
•
#
#
#
TABLE 3 0 2 . 1
#
#
#
MEMBER BANK BORROWING UNDER SEASONAL BORROWING PRIVILEGE
WEEK ENDING ON LAST WEDNESDAY Of- MONTH
AVERAGE DAILY SEASONAL BORROWING
(THOUSANDS OF DOLLARS)
NUMBER OF BANKS
DEPOSIT S I Z E OF BANK
DEPOSIT S I Z E OF BANK
1
I
1
1
TOTAL
UP TO
$100
MILLION
OVER
$100
MILLION
TOTAL
UP TO
$100
MILLION
10101.
1975—JAN...I
-FEB...I
—MAR... 1
-APR...I
—MAY... I
-JUN...I
—JUL...1
—AUG...1
—SEP...1
-OCT...!
-NOV...1
-OEC...I
i
1
1976-JAN...I
-FEB..•1
—MAR...|
-APR...1
—MAY... 1
-JUN...I
—JUL..•1
—AUG...1
-SEP...I
-GCT...I
-NOV...I
-DEC...I
12.
15.
10.
9.
13.
17.
29.
39.
40.
40.
23.
13.
12.
15.
10.
9.
11.
15.
28.
37.
34.
35.
21.
13.
0.
0.
0.
0.
2.
2.
1.
2.
6.
5.
2.
0.
10101.
7.
10.
17.
20.
21.
42.
38.
40.
49.
40.
31.
19.
7.
10.
17.
20.
21.
41.
37.
39.
48.
36.
31.
19.
0.
0.
0.
0.
0.
1.
1.
1.
1.
2.
0.
0.
6267.
6233.
9605.
11153.
11637.
27898.
25957.
23354.
33618.
33297.
27215.
9970.
6267.
8233.
9605.
11153.
11637.
25696.
20243.
17354.
29616.
29154.
27215.
9970.
1977—JAN..•I
-FEB...I
-MAR...I
—APR . . . 1
—MAY... 1
-JUN...I
—JUL..•1
-AUG...I
-SEP...1
—OCT . . . 1
-NOV . . . 1
—DEC . . . I
1
1978-JAN...1
8.
10.
17.
21.
45.
59.
63.
99.
92.
81.
53.
34.
6.
10.
17.
21.
44.
55.
59.
69.
83.
74.
45.
31.
0.
G.
0.
0.
1.
4.
4.
10.
9.
7.
8*
3.
6113.
11353.
14161.
15030.
34503.
70156.
68701.
130235.
115456.
116094.
74288.
52761.
6113.
11353.
14161.
15030.
32503.
45656.
48506 .
60936.
73456.
74794.
41466.
34461.
23.
23.
0.
35566.
35566.
9713.
6744.
7060.
8843.
10516.
22602.
40110.
66016.
59673.
25704.
12650.
9713.
6744.
7080.
5914.
66 7 5 .
15888.
31110.
35532.
35673.
21204.
12650.
DEPOSIT S I Z E C L A S S I F I C A T I O N I S BASED ON AVERAGE DEPOSITS I N 1 9 7 2 .
OVER
$100
MILLION
TABLE 3 1 1 . 3
cb
D E P O S I T S AND L O A N S AT A G R I C U L T U R A L B A N K S
S E V E N T H AND N I N T H F E D E R A L R E S E R V E D I S T R I C T S
1
1
1
1
1
1
1
1
1975—JAN...|
-FEB...|
-MAR...I
-APR...I
-MAY...i
-JUN...|
—JUL... I
—AUG...|
-SEP...I
-OCT...|
—NOV... 1
-DEC...|
I1
1976—JAN...|
-FEB...|
-MAR...|
—APR...1
-MAY...1
—JUN...|
—JUL... I
-AUG...|
-SEP...I
-OCT...I
-NOV...|
—DEC...!
1
1
1977—JAN...|
-FEB...|
—MAR . . . |
—APR . . . I
-MAY...|
-JUN...!
-JUL...!
—AUG.e.I
-SEP...1
-OCT...!
—NOV...!
-DEC...!
SEVENTH FEDERAL RESERVE DISTRICT
(CHICAGO)
PERCENTAGE CHANGE FROM PREVIOUS YEAR
DEPOSITS
TOTAL
1
10.3
8.4
8.8
8.6
9.3
11.0
11.9
12.1
12.5
13.0
13.9
12.1
i
|
!
i
|
1
I
I
1
1
I
!
11.5
12.1
12.5
12.9
13.8
13.2
11.8
11.5
12.0
11.7
10.6
11.5
|
|
I
!
1
I
I
I
I
1
I
|
11.5
11.1
11.8
12.3
12.3
11.5
10.7
10.5
9.7
8.5
9.0
9.5
I
I
|
I
I
I
1
!
|
1
!
t
!
Q££5AML_
1
0.8 I
-3.8 1
-3.2 I
-3.0 !
-3.3 1
0.7 i
1.8 1
1.6 !
4.1 1
4.9 I
8.6 i
l.b !
1.5
4.0
5.4
6.2
8.5
7.5
5.2
5. J
5.4
3.2
0.5
3.9
!
I
!
1
!
1
1
I
1
!
1
I
1
3.1 !
2 .0 I
4.5 I
5.7 1
5.4 I
3.8 !
1.2 I
1.1 1
-1.1 I
—2 . 6 I
0.6 !
2.3 I
i
lltiE
LOANS
1
|
1
1
|
1
LOANDtPOSIT
RATIO
|
1
1
I
I
I
I
1
NINTH FtDtRAL REStRVE DISTRICT (MINNEAPOLIS)
SECOND WEDNESDAY OF MONTH
PERCENTAGE CHANGE FROM PREVIOUS YEAR
DEPOSITS
TOTAL
1
DEMAND
I
16.6
16.2
16.0
15.9
16 • 8
16.8
17.9
18.1
17.6
17.9
17.3
|
|
I
{
|
|
|
I
I
1
|
16.6 i
14.1 |
14.4 |
Ib.c
|
15.2 1
14.6 |
13.6 i
12.2 |
12.1 1
lc.7 1
13.9 |
13.9 I
16.6 |
0.525
0.526
0.532
0.527
0.542
0.536
0.533
0.5^0
0.52o
0.5*4
0.5*6
0.539
|
I
1
!
|
1
i
|
I
|
|
|
8.8
7.6
5.4
5.6
7.7
9.6
9.7
7.4
11.0
9.9
10.7
1 1.3
1.1
-3.0
-7.9
-6.9
.6
I .5
0.9
-b . 5
3.8
3.1
3 .6
4.6
16.2
17.5
17.2
17.4
17.o
17.5
16.7
16.4
17.7
18.7
17.7
17.9
I
|
I
|
|
|
|
!
|
I
|
!
I
1
*
!
I
I
I
I
|
|
I
I
I
15.1
15.3
15.1
16.5
20.7
l b .6
17.7
18.5
18.6
Id.8
18.5
18.1
|
I
I
|
|
I
|
I
|
I
I
|
0.537
0.537
0.543
0.545
0.572
0.551
0 .5bO
0.561
0.558
0.555
0.561
0.5bb
|
1
1
1
I
I
I
1
1
|
|
|
V.6
I U. 1
b.2
9.6
9.0
8.6
6.3
8.9
7.9
9.3
8.3
6.0
20.1 |
19.6 1
20.6 |
20.0 |
15.8 |
20.8 |
23.0 |
22.6 |
23.2 I
22.4 |
20.8 |
20.4 |
0.574
0.574
0.581
0.578
0.586
0.593
0.612
0.617
0.621
0.623
0.619
0.621
I
|
|
I
|
I
I
|
!
I
I
7.4
7.2
8.8
6.7
9.1
b .b
o.O
7.8
8.5
7.7
7.6
7.4
—0 .6
3.0
1.2
5.4
4.3
3.6
L .9
4.3
0.4
1.8 1
0.5 i
- 0 . 0 \y
I
—0 .8 1
-1.1 1
0.8 1
0.2 I
1 .2 1
1.0 !
0.8 i
-0.1 1
3.3 !
*.1 1
3.0 !
3.2 1
18.0
17.5
17.5
17.5
17.7
17.8
18.3
17.7
17.2
15.6
15.0
15.3
1
1
I
I
!
I
1
1
I
1
I
I
I
1
1
I
1
t
I
1
I
1
I
1
TIME
13.4
13.2
12.8
12.2
12.8
1J.5
14.0
14.4
14.5
13.2
14.1
14.6
I
1
I
|
I
1
I
1
I
I
|
1
1
1
I
|1
14.9 |
13.3 1
11.3 |
11.4 |
11.0 )
10.8 1
10.6 I
10.9 1
11.1 1
1^.6 1
11.8
11.6
11.1
10.b
12.1
It.2
12.2
11.7
10.b
11.0
10.6
10.0
9.4
9.1
I
1
I
1
1
I
!
1
1
I
!
|
*
|
|
LO^NS
1
I
LOAN— !
DEPOSIT I
1
RATIO
13.6
12.3
i3.3
13.4
11.1
9.4
iO.c
9.2
9.5
7.9
8.6
11.8
t
I
j
|
I
1
1
I
I
|
(
u.o09 |
0.604 i
0.599 t
0.617 I
0.624 1
U.ol6 1
0.b27 !
0.6*9 !
0.622 1
0.ot3 I
0.610 1
0.616 1
9.1
12 .8
11.3
10.5
10.9
lj.0
11.3
12.4
13.4
14.0
14.4
|
|
1
I
|
I
I
I
I
I
I
0.607 I
0.619 1
u . 616 |
0.622 |
0.635 1
0.640 !
0.645 I
0.649 !
0.o54 1
0.b50 I
0.644 1
0.642 1
1
12.6 1
12.4 1
12.9 |
14.7 |
14.3 |
14.3 |
13.4 I
14.9 I
14.4 I
13.4 1
14.0 I
14.7 I
13.7 1
DATA FOR THE SEVENTH DISTRICT COVER MEMBER BANKS HAVING A RELATIVELY LARGE PROPORTION OF AGRICULTURAL LOANS AND
LOCATED IN TOWNS WITH POPULATION UNDER 1 5 , 0 0 0 .
DATA FOR THE NINTH DISTRICT COVER MEMBER BANKS AT WHICh AGRICULTURAL
LOANS EXCEEDED 20 PERCENT OF TOTAL LOANS AS OF JUNE 1 9 6 9 .
FOR bOTH D I S T K I C T S , LOANS ARE GROSS LOANS LESS FEDtRAL
FUNDS SOLD AND SECURITIES PURCHASED UNDER AGREEMENTS TO RESELL.
&
1
0.635
0.651
0.650
0.654
0.6t>b
0•ob9
I
1
j
I
1
|
0.689
0.6o4
0.688
0.667
0.680
j
|
|
|
I
0.086 |
TABLE 3 1 2 * 3
DEPOSITS AND LOANS AT AGRICULTURAL BANKS
SIXTH FEDERAL RESERVE D I S T R I C T AND TEXAS
|
I
I
I
S I X T H FEDERAL RESERVE DISTRICT (ATLANTA)
MONTHLY AVERAGE ENDING SECOND WEDNESDAY OF MONTH
PERCENTAGE CHANGE FROM PREVIOUS YEAR
LOANDEPOSIT
RATIO
DEPOSITS
LOANS
J
IQIA1
J
COAlii!
. .|*********| * * * * * * * * *
j **
********
..
.|
|*
**
**
**
**
**
**
**
*
j **
********
.
j*********
1975-JAN.
-FEB.
-MAR.
-APR. . . I * * * * * * * * *
-MAY. • . j * * * * * * * * *
-JUN. . . | * * * * * * * * *
-JUL. . . j * * * * * * * * *
-AUG. . . j * * * * * * * * *
-SEP. • . j * * * * * * * * *
-OCT. . . j * * * * * * * * *
- N O V . „ I*********
-DEC. . . j * * * * * * * * *
I
1976-JAN.
-FEB.
8.5
I
-MAR. . . I
10.5
-APR. • • I
11.1
-MAY. . . I
11.7
-JUN. . . I
10.7
—JUL.
10.2
-AUG.
10.4
-SEP.
10.1
-OCT.
11.0
-NOV.
12.1
-DEC.
12.3
j*********
j*********
j*********
j*********
j*********
j*********
j*********
|*********
I
.. |*********| * * * * * * * * *
1977-JAN.
-FEB.
-MAR.
-APR. . . I
-MAY. . . I
-JUN. • • I
-JUL. • •I
- A U G . ••I
-SEP. • • I
-OCT. • • I
-NOV. - I
-DEC.
9.9
8.5
8.7
10.3
9.4
9.0
8.6
7.2
7.1
8.2
9.1
6.2
10.4
10.3
10.3
10.3
10.0
10.1
10.9
10.8
10.8
9.3
9.7
10.7
I
5.2
5.5
5.6
4.6
4.0
5.3
4.6
4.4
3.4
4.5
-57.4
I
T1M£_
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
* * * * * * * * *
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
* * * * * * * * *
* * * * * * * * *
10.5
11.7
12.4
12.5
11.5
11.5
11.4
6.7
8.5
11.3
13.1
13.0
14.0
14.4
14.9
14.4
14.5
15.1
11.6
13.2
14.2
14.2
12.9
13.2
12.5
13.0
13.0
13.4
13.9
14.0
14.2
12.4
12.5
13.4
15.1
15.0
15.9
15.7
15.0
17.0
17.2
17.7
17.7
18.0
18.5
18.5
* * * * * * * * *
0.583
0.560
0.570
0.582
0.579
0.576
0.583
0.581
0.561
0.582
0.580
0.570
0.573
0.569
0.572
0.589
0.591
0.59b
0.605
0.606
0.598
0.595
0.594
0.594
0.598
0.598
0.599
0.616
0.628
0.632
0.643
0.644
0 . 646
0.642
0.636
TEXAS
PERCENTAGE CHANGE
FROM PREVIOUS YEAR
DEPOSITS
-1.2
-0.7
1.4
2.4
4.7
6.4
8.0
9.7
11.6
13.1
14.0
14.0
15.9
15.4
15.0
15.3
14. 1
12.9
12.1
10.5
10.1
10.0
10.2
11.3
11.9
11.7
11.0
11.1
10.8
10.7
10.9
11.2
11.5
11.4
11.3
*********
LOANS
11.4
9.0
7.1
6.3
5.0
4.8
4.2
4.3
4.7
6.0
7.6
10.7
10.8
12.1
13.0
14.4
16.4
18.2
19.6
21.3
21.3
20.9
20.3
17.6
17.0
17.8
18.5
19.6
19.3
lb.8
16.6
18.6
18.8
17.8
16.7
*********
LOANDEPOSIT
RATIO
0.501
0.491
0.490
0.491
0.497
0.493
0.469
0.485
0.487
0.488
0.46b
0.494
0.479
0.477
0.462
0.467
0.507
0.516
0.522
0.533
0.536
0.536
0.531
0.521
0.501
0.503
0.514
0.524
0.546
0.554
0.559
0.566
0.571
0.567
0.557
*********
DATA FOR THE S I X T H D I S T R I C T ARE FOR MEMBER BANKS AT WHICH AGRICULTURAL LOANS COMPRISE 15 PER CENT OR MORE OF TOTAL LOANS.
DATA FOR TEXAS ARE FOR A SAMPLE OF MEMBER BANKS AT WHICH AGRICULTURAL LOANS COMPRISE 25 PER CENT OR MORE OF TOTAL LOANS.
FOR BOTH D I S T R I C T S * LOANS ARE GROSS LOANS L t S S FEDERAL FUNDS SOLD AND SECURITIES PURCHASED UNDER AGREEMENTS TO RESELL.
27
JANUARY 1978
AGRICULTURAL FINANCE OATABOOK—MONTHLY SERIES
UPDATED TABLES FOR AGRICULTURAL FINANCE OATABOOK—ANNUAL S E R I E S . NOVEMBER 1977
200
FARM LENDING OPERATIONS AND EXPERIENCE OF NONBANK I N S T I T U T I O N S
210
PRODUCTION CREDIT ASSOCIATIONS (AGRICULTURAL LOANS, EXCEPT AS NOTED)
211.1A
LOANS OUTSTANDING, 1 9 5 9 - D A T E .
212.1A
LOANS MADE, 1 9 5 9 - D A T E , AND NEW LOANS, 1 9 6 0 - D A T E
213.1A
RENEWALS AND COLLECTIONS, 1 9 6 0 - D A T t
220
FEDERAL LAND BANKS (AGRICULTURAL L O A N S ) ,
221.1A
222.1A
223.1A
224.1A
1964-DATE
i9
30
31
(EXCEPT AS NOTED)
LOANS OUTSTANDING
LOANS CLOSED
LOANS CLOSED, 1 9 7 0 - D A T E , AND NEW MONEY LOANED
R E F I N A N C I N G , 1 9 7 0 - D A T E , AND REPAYMENTS, 19ob-t/ATfc
32
33
34
3b
REVISED ESTIMATES UPDATING THOSE I N AGRICULTURAL FINANCE OATABOOK—ANNUAL
S E R I E S . OUTLOOK CONFERENCE I S S U E . NOVEMBER 1977
130
OUTSTANDING NON-REAL-ESTATE DEBT
131
JANUARY 1 ,
131.1
131.2
131.3
131.4
1970-DATE
AMOUNTS
CHANGE DURING YEAR
PERCENTAGE CHANGE DURING YEAR
PERCENTAGE D I S T R I B U T I O N , INCLUDING CCC LOANS
36
36
36
#
#
#
E
TABLE 2 1 1 . 1 A
YEAR
1959...
I960...
E
E
1
1
I MILLIONS
1
OF
I
DOLLARS
I (YEAR-END)
1
1
1
AMOUNT
1 CHANGE DURING YEAR
|.
1 MILLIONS
PERCENT
OF
I
1 DOLLARS
* * * * * *
* * * * *
118.
8.6
I
NUMBER OF BORROWERS
1
1
1 CHANGE DURING YEAR
A THOUSANDS |„
I(YEAR-END)I
1
1 THOUSANDS PERCENT
1
1
1
* * * * * *
* * * * *
I
250.1
376.
6.9
I
261.3
7.1
2.8
I
j
1
|
1
j
1
j
1
i
1
j
1
6321.
460.
7.8
6897.
576.
9.1
7542.
645.
9.4
7966.
424.
5.6
8844.
877.
11.0
10161.
1318.
14.9
11587.
1426.
14.0
12704.
1117.
9.6
15050.
2346.
18.5
17891.
2841.
18.9
20128.
2237.
12.5
21496.
1369.
6.8
25180.
3683.
17.1
29344.
4164.
16.5
32682.
3338.
11.4
36338.
3656.
11.2
39253.
2915.
8.0
7.7
2.9
1963...
268.
14.5
281.5
12.5
4.7
1964...
173.
8.1
I
I
1
I
288.2
6.7
2.4
1965...
302.
13.2
I
293.8
5.6
1.9
1966...
444.
17.1
I
299.4
5.6
1.9
509.
16.7
I
306.5
7.1
2.4
310.
8.7
I
303.9
-2.5
-0.8
672.
17.4
I
301.2
-2.7
-0.9
801.
17.7
I
298.2
—3.0
-1.0
781.
14.6
I
303.6
5.7
1.9
519.
8.5
I
j
I
308.7
4.8
1.6
311.9
3.2
1.0
1
1
CO
2
5861.
269.0
1970...
1218.
00
1974...
1649.
21.0
1
323.8
11.9
3.8
1240.
13.0
328.7
4.9
1.5
1455.
13.5
335.6
7.0
2.1
1258.
10.3
I
j
I
j
I
1
342.8
7.1
2.1
1976...
1
1977...
1
>*
1973...
1975...
* * * * *
1
I
1969...
* * * * * *
1.6
12.3
1
5485.
4.1
203.
1967...
I
254.2
1962...
1972...
#
I
I
AVERAGE SIZE
1
1
1 CHANGE DURING YEAR
A DOLLARS
|.
I(YEAR-END)|
PERCENT
1
1 DOLLARS
1
1
1
161.
1971...
#
PRODUCTION CREDIT ASSOCIATIONS
LOANS OUTSTANDING
1961...
1968...
E
I
j
I
j
1
j
1
i
1
j
1
j
1
|
I
j
I
j
I
1
29
30
TABLE 2 1 2 . 1 A
PRODUCTION CREDIT ASSOCIATIONS
LOANS MADE AND NEW LOANS
1
1
1
1 MILLIONS
YEAR
1
OF
I
DOLLARS
1
1
1
2515.
1959.... . |
1
I960....
1
1961....
NEW LOANS
LOANS MADE
CHANGE FRUM
PREVIOUS YEAR
MILLIONS
OF
DOLLARS
PERCENT
* * * * * *
* * * * *
AS PERCENTAGE OF
LOANS OUTSTANDING*
COLLECTIONS
* * * * *
* * * * *
CHANGE FROM
1|
PREVIOUS YEAR
MILLIONS I|
OF
I1
DOLLARS I MILLIONS
PERCENT
UF
1
1 DDkJLAKS
* * * * * *
1
AS PERCENTAGE OF
1
I LOANS OUT- COLLEC| STANDING*
TIONS
1
* * * * * *
* * * * *
* * * * *
* * * * *
* * * * * *
* * * * *
136.9
106.8
92.
3.7
190.1
148.3
1879.
262.
10.0
192.5
151.2
2062.
183.
9.8
138.4
108.7
1962....
348.
12.1
194.8
152.9
2312.
250.
12.1
140.0
109.8
1963....
333.
10.4
191.4
158.1
2518.
206.
8.9
135.7
112.1
154.
4.3
174.5
156.2
2549.
31.
1.2
120.0
107.5
430.
11.6
160.1
160.1
2689.
340.
13.3
125.8
111.8
678.
16.4
185.2
162.0
3419.
530.
18.3
131.6
115.1
615.
12.8
178.4
167.0
3766.
348.
10.2
123.8
115.9
625.
11.5
170.5
162.9
4020.
254.
6.7
113.2
106.2
1024.
16.9
183.3
171.0
4823.
603.
20.0
124.9
llo.5
1199.
16.9
182.6
172.5
5608.
786.
16.3
123.7
116.9
1145.
13.8
176.6
172.7
6269.
661.
11.8
117.5
114.9
1017.
10.8
170.7
162.5
6976.
707.
11.3
114.1
108.6
2590.
24.8
196.4
165.1
9123.
2147.
30.8
137.5
115.6
1331.
10.2
182.8
173.6
9981.
858.
9.4
127.1
120.6
1638.
11.4
168.4
168.4
10748.
767.
7.7
113.1
113.1
2259.
14.1
170.0
167.7
12369.
1621.
15.1
115.2
113.6
1794.
9.8
164.4
164.8
13420.
1050.
8.5
110.0
110.3
1
1 9 6 4 . . . ., . |
1
1965....
1
1 9 6 6 . . . ., . I
1
1967....
1
1 9 6 8 . . . ., . |
1
1969...,
1970...,
1971. . . .
1972...,
1973...,
1974...,
1975...,
1976...,
1977...,
1
1
1
1
1
1
3705.
4813.
6053.
%
1
* OUTSTANDING LOANS AT END OF PRECEDING YEAR.
•NEW LOANS" ARE COMPUTED AS LOANS MADE LESS RENEWALS. RENEWALS INCLUDE SOME NONAGRICULTURAL LOANS (SEE NOTE ON PAGE 2 5 ) ,
PRODUCTION CREDIT ASSOCIATIONS
RENEWALS AND COLLECTIONS
1
I
I
| MILLIONS
YEAR
1
OF
|
DOLLARS
I
|
1
729.
I960.... .|
1
807.
1961.... . |
1
906.
1962.... .|
1
1033.
1963.... .|
1
1156.
1964.... |
1
1247.
1965.... 1
1
1395.
1 9 6 6 . . . ., .1
1
1662.
1 9 6 7 . . . ., . I
1
2033.
1 9 6 8 . . . ,, . |
1
2255.
1 9 6 9 . . . ., . I
1
2668.
1 9 7 0 . . . ,. . !
1
3152.
1 9 7 1 . . . ,. . I
1
1972...,
1
1973...,
1
1974...
1
1975...
1
1976...
1
1977...
1
*
COLLECTIONS
RENEWALS
CHANGE FROM
1
PREVIOUS YEAR
I
I
1 MILLIONS
PERCENT
OF
1
1 DOLLARS
* * * * * *
1
|
AS PERCENTAGE OF
t
LOANS COLLECTIONS
I LOANS OUTAND
MADE
I STANDING*
1
, RENEWALS
* * * * *
CHANGE FROM
1
PREVIOUS YEAR
MILLIONS I
OF
I
DOLLARS 1 MILLIONS
PERCE NT
OF
1
1 . DOLLARS
I
AS
jPERCENTAGE
1 UF LOANS
1
OUT| STANDING*
1
53.1
28.0
29.3
1759 .
* * * * * *
* * * * *
126.2
78.
10.7
54.2
28.1
29.8
1697.
136.
7.9
127.3
99.
12.2
54.8
28.2
30.1
2105.
208.
11.0
127.4
127.
14.0
55.7
29.1
31.5
2247.
142.
6.7
121.1
123.
11.9
54.4
31.2
32.8
2 372.
126.
5.6
111.7
91.
7.9
54.3
30.2
32.5
2584.
212.
6.9
112.5
148.
11.9
53.7
29.0
31.9
2971.
387.
15.0
114.3
267.
19.1
54.6
30.6
33.8
3250.
279.
9.4
106.8
371.
22.3
57.3
33.6
35.4
3715.
465.
14.3
104.6
221.
10.9
58.4
31.9
35.3
4140.
425.
11.4
107.2
414.
18.4
58.9
32.2
35.7
4799.
659.
15.9
105.9
484.
18.1
59.1
33.5
36.6
5456.
656.
13.7
102.3
311.
9.9
56.6
33.2
35.0
6423.
967.
17.7
105.0
442.
12.8
56.9
30.0
33.1
7692.
1469.
22.9
118.9
472.
12.1
55.7
30.5
34.6
8273.
381.
4.8
105.4
871.
19.9
55.2
32.8
35.6
9501.
1228.
14.8
100.0
638.
12.1
54.8
32.2
35.1
10868.
1387.
14.6
101.4
743.
12.6
54.4
33.1
35.3
12164.
1276.
11.7
99.7
OUTSTANDING LOANS AT END OF PRECEDING YEAR.
RENEWALS AND COLLECTIONS INCLUDE SOME NONAGRICULTURAL LOANS (SEE NOTE ON PAGE 2 5 ) .
31
32
TABLE 2 2 1 . 1 A
YEAR
1964...
1965...
1966...
1967...
1968...
1969...
1970...
FEDERAL LAND BANKS
LOANS OUTSTANDING
AMOUNT
1
1
I MILLIONS 1 CHANGE DURING YEAR
OF
I
DOLLARS | MILLIONS
PERCENT
OF
I (YEAR-END)I
1
1 DOLLARS
1
* * * * * *
1
1
1
1
1
1
1971...
1972...
1973...
1975...
1976...
1977...
1
1
1
1
1
563.
15.1
I
384.2
3.6
0.9
677.
15.8
I
389.7
5.5
1.4
651.
13.1
I
395.6
5.9
1.5
517.
9.2
I
398.3
2.7
0.7
568.
9.6
I
402.4
4.1
1.0
473.
7.0
404.2
1.8
0.4
731.
10.2
404.6
0.4
0.1
1175.
14.8
|
1
1
1
1
|
407.6
3.0
0.8
1855.
20.4
I
414.8
7.1
1.8
2509.
22.9
|
429.2
14.5
3.5
2557.
19.0
442.8
13.5
3.2
2510.
15.7
|
1
I
450.8
8.1
1.8
2942.
15.9
|
1
459.5
8.7
1.9
|
AVERAGE SIZE
1
1
1 CHANGE DURING YEAR
J DOLLARS
L
1(YEAR-END)|
PERCENT
1
1 DOLLARS
1
1
I
j
I
j
1
j
1
1
j
I
j
I
j
1
|
I
j
1
|
1
|
I
j
I
j
1
1
9766.
* * * * * *
11139.
1373.
14.1
12716.
1579.
14.2
14175.
1457.
11.5
15377.
1202.
8.5
16681.
1304.
8.5
17778.
1096.
6.6
19568.
1790.
10.1
22304.
2736.
14.0
26393.
4089.
18.3
31349.
4956.
36166.
4817.
15.4
41088.
4922.
13.6
46714.
5626.
13.7
* * * * *
00
00
1974...
1
* * * * *
|
NUMBER OF LOANS
1
1
1 CHANGE DURING YEAR
I THOUSANDS|.
I(YEAR-END)|
1
1 THOUSANDS PERCENT
1
1
1
* * * * * *
* * * * *
I
380.6
TABLE 2 2 2 . 1 A
FEDERAL LAND BANKS
LOANS CLOSED
YEAR
|
MILLIONS
|
DOLLARS
1964
I
1965
I
1966
I
1967
I
1968
I
1969
I
1970
I
1971
I
CHANGE FROM
PREVIOUS YEAR
|
I
MILLIONS
OF
DOLLARS
I
1974
I
931.
3940
I
4565.
1977
I
5619.
1034.
THOUSANDS I
|
THOUSANDS
CHANGE FROM
PREVIOUS YEAR
J
DOLLARS
DOLLARS
PERCENT
PERCENT
54.8
* * * * * *
* * * * *
* * * * * *
* * * * * *
* * * * *
58.4
3.7
6.7
* * * * * *
* * * * * *
* * * * *
54.0
-4.4
-7.6
* * * * * *
* * * * * *
* * * * *
48.5
-5.5
-10.2
* * * * * *
* * * * * *
* * * * *
40.8
-7.7
-15.8
* * * * * *
* * * * * *
* * * * *
38.4
-2.5
—6 . 0
* * * * * *
* * * * * *
* * * * *
32.2
-6.2
-16.1
31571.
* * * * * *
* * * * *
52.9
41.1
8.9
27.5
37870.
6299.
20.0
43.9
50.3
9.3
22.6
44458.
6588.
17.4
57.8
7.5
14.9
54802.
10345.
23.3
41.6
24.3
62.4
4 .6
7.9
63116.
8316.
15.2
56.6
-3.9
—6. 2
72056.
8937.
14.2
57.7
-0.9
-1.5
79480.
7425.
10.3
62.0
4.3
7.5
90616.
11135.
14.0
4219.
1976
CHANGE FROM
PREVIOUS YEAR
PERCENT
1017.
1973
AVERAGE S I Z E
NUMBER OF LOANS
AMOUNT
22.5
I ABLE 2 2 3 . 1 A
FEDERAL LAND BANKS
LOANS CLOSED AND NEW MONEY LOANED
1
1
1
YEAR
1 MILLIONS
1
OF
1 DOLLARS
1
1
1
******
1964.... . |
|
******
1965.... .|
|
******
1966.... . |
|
******
1967.... .j
|
******
1 9 6 8 . . . ., . |
|
******
1 9 6 9 . . . ., . j
|
1 9 7 0 . . . . .1
1017.
|
1 9 7 1 . . . . .1
1555.
|
1 9 7 2 . . . . .1
2238.
|
1 9 7 3 . . . . .1
3169.
|
1 9 7 4 . . . . .1
3940.
|
1 9 7 5 . . . . .1
4219.
j
1 9 7 6 . . . . .1
4585.
|
1 9 7 7 . . . . .1
5619.
1
*
LOANS CLOSED
CHANGE FROM
PREVIOUS YfcAR
|
I
NEW MONEY LOANED
AS PERCENTAGE OF
CHANGE FROM
11
MILLIONS |1
PREVIOUS YEAR
OF
|1
DOLLARS |1 MILLIONS
OF
PERCENT
11
11 DOLLARS
1
1 AS PERCENTAGE OF
1
1 LOANS OUTREPAY| STANDING*
MENTS
|
MILLIONS
OF
DOLLARS
PERCENT
LOANS OUT| STANDING*
******
*****
*****
*****
707.
******
*****
*****
*****
******
* * * * *
*****
*****
887.
160.
25.5
23.9
273.3
******
*****
*****
*****
1012.
125.
14.1
23.6
301.9
******
*****
*****
*****
998.
-15.
-1.4
20.1
288.2
******
*****
*****
*****
902.
-95.
-9.5
16.1
234.3
******
*****
*****
*****
986.
84.
9.3
16.1
247.5
******
*****
15.1
255.6
871.
— 116.
-11.7
13.0
218.9
538.
52.9
21.o
312.0
1229.
358.
41.2
17.1
246.6
683.
43.9
28.3
360. 4
1796.
567.
46.1
22.7
289.2
931.
41.6
34.9
404.3
2639.
843.
47.0
29.0
336.7
771.
24.3
36.0
474.5
3340.
701.
26.5
30.5
402.2
279.
7.1
31.4
458.5
3478.
138.
4.1
25.6
377.9
366.
8.7
28.6
386.9
3696.
218.
6.3
23.1
311.8
1034.
22.5
30.3
380.6
4418.
723.
19.6
23.9
299.3
REPAYMENTS
OUTSTANDING LOANS AT END OF PRECEDING YEAR,
http://fraser.stlouisfed.org/
#
Federal Reserve
Bank of St.#Louis
#
#
#
#
#
#
#
#
TABLE 2 2 4 . 1 A
FEDERAL LAND BANKS
REFINANCING AND REPAYMENTS
REPAYMENTS
REFINANCING OF FEDERAL LAND BANK LOANS
YEAR
*
MILLIONS
OF
DOLLARS
CHANGE FROM
PREVIOUS YEAR
I MILLIONS
|
OF
J
DOLLARS
PERCENT
AS PERCENTAGE OF
LOANS OUTSTANDING*
LOANS
CLOSED
REFINANCING
AND
REPAYMENTS
CHANGE FROM
PREVIOUS YEAR
MILLIONS I
OF
I
DOLLARS | M I L L I O N S
PERCENT
I
OF
I
DOLLARS* * * * * *
* * * * *
1
AS
| PERCENTAGE
| OF LOANS
I
OUT| STANDING*
J
6.7
1965.
* * * * * *
* * * * * *
* * * * *
* * * * *
* * * * *
* * * * *
325.
1966.
* * * * * *
* * * * * *
* * * * *
* * * * *
* * * * *
* * * * *
335.
11.
3.3
7.8
1967.
* * * * * *
* * * * * *
* * * * *
* * * * *
* * * * *
* * * * *
346.
11.
3.3
7.0
1968.
* * * * * *
* * * * * *
* * * * *
* * * * *
* * * * *
* * * * *
385.
39.
11.3
6.9
1969.
* * * * * *
* * * * * *
* * * * *
* * * * *
* * * * *
* * * * *
399.
13.
3.5
6.5
* * * * * *
* * * * *
2.2
14.4
26.8
398.
-1.
-0.2
5.9
1970.
146.
1971.
326.
180.
123.2
4.5
21.0
39.5
49b.
101.
25.3
6.9
1972.
442.
116.
35.7
5.6
19.8
41.6
621.
123.
24.6
7.8
1973.
530.
88.
19.8
5.8
16.7
40.3
784.
163.
26.2
8.6
1974.
600.
70.
13.3
5.5
15.2
42.0
830.
47.
6.0
7.6
1975.
742.
141.
23.5
5.5
17.6
44.6
920.
90.
10.8
6.8
1976.
890.
148.
19.9
5.6
19.4
42.9
1165.
265.
28.8
7.4
1977.
1201.
311.
35.0
6.5
21.4
44.9
1476.
291.
24.6
8.0
OUTSTANDING LOANS AT END OF PRECEDING YEAR.
•REFINANCING OF FEDERAL LAND BANK LOANS" I S COMPUTED AS LOANS CLOSED LESS NEW MONEY LOANED.
•REPAYMENTS" ARE COMPUTED AS NEW MONEY LOANED LESS THE CHANGE I N LOANS OUTSTANDING.
36
OUTSTANDING FARM NON-kEAL-ESTATb DEoT, jAIMLARY 1
YEAR
1
1
1
1
1
1
1
1
DEBT INCLUDING
CCC LOANS
TOTAL
CCC
LOANS
Deb 1 EXCLUDING CCC LOANS
I COOPERATIVE FARM CREDIT
1
TOTAL
1
BANKS
1
TOTAL
SYSTEM |
1 FARMERS
HOME
PRODUCTION
FEDERAL I
CRtD1T
I N T t R M t L I - l A DMIN 1STkATION
ASSOCIA- ATE CREDIT!
TIONS
D A INK S
!
1
1 INDIVIDUALS
1
AND
1 OTHERS
1
|
AMOUNTS I N MILLIONS Or DOLLARS
TABLE 1 3 1 . 1
1970...
1971...
1972...
1973...
1974...
1975...
1976... ..1
1977...
1978... ..1
1
TABLE 1 3 1 . 2
23843.
24136.
26906.
29587.
32884.
35544.
39763.
46073.
55310.
2676.
1876.
22 6 2 .
1793.
750.
319.
358.
1012.
4100.
1
1
I
I
1
1
1
1
I
10330.
11102.
12498.
14315.
17167.
18236.
20160.
23283.
25600.
21168.
22262.
24644.
27794.
32134.
35226.
39406.
45061.
51210.
4713.
3515.
6315.
6659.
6160.
9893.
11124.
12601.
13910.
4495.
5295.
6076.
6607.
7629.
9519.
10773.
12233.
13500.
c!6.
220.
237.
251.
331.
374.
350.
363 •
410.
7o 5 .
795.
771.
780.
677.
1044.
1772.
1877.
3250.
5^4 v .
4850.
506C .
5640.
5930.
o05G.
6350.
7300.
625 0 .
10.
-490.
CHANGE DURING YEAR IN MILLIONS OF DOLLARS
294.
2769.
2661.
3297.
2660.
4219.
6309.
9237.
1970...
1971...
1972...
1973...
1974...
1975...
1976...
1977...
-800.
386.
-469.
-1043.
-432.
39.
654 .
3088.
I
I
I
|
1
I
I
I
1094.
2363.
3150.
4340.
3092.
4160.
5655.
6149.
-29.9
20.6
-20.7
-58.2
—57.6
12.3
182.6
305.2
1
I
1
I
I
1
1
1
1
5.2
10.7
12.b
15.6
9.6
11.9
14.4
13.6
2.
17.
1230.
600.
7ti 3 .
b3C.
1221.
169 1 .
1254.
3123.
1477.
146 0 .
-24.
Id.
2517.
1309.
1267.
42 .
772.
1397.
1617.
2852.
1071.
192c.
802.
600.
544.
1302 .
1733.
14.
CO .
42 .
-24.
10.
97.
167.
726.
105.
1373.
210.
7c0.
90.
120.
300.
950.
95C.
1
TABLE 1 3 1 . 3
PERCENTAGE CHANGE DURING YbAR
1970...
1971...
1972...
1973... ..1
1974...
1975...
1976... ..1
1977...
1
TABLE 1 3 1 . 4
1.2
11.5
10.0
11.1
8.1
11.9
15.9
20.0
7.5
12.6
14.5
19.9
6.2
10.5
15.5
10.8
17.0
14.5
17.6
14.6
1.0
7.7
6.6
6.7
6.0
19.0
18.5
21.2
21.6
12.4
13.3
31.9
12.6
13. t
-6.3
13.5
10.4
10.4
5.0
11.5
i.2
-3.0
1.2
12.4
19.1
o9 . 7
5.9
73.1
-9.c
4.3
15.4
1.5
2.0
5.0
15.0
13.0
PERCENTAGE OF TOTAL (INCLUDING CCC LOANS)
1970
1971
1972
1973
1974
1975
1976
1977
1978
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
11.2
7.6
8.4
6.1
2.3
0.9
0.9
2.2
7.4
88.8
92.2
91.6
93.9
97.7
99.1
99.1
97.6
92.6
43.3
46.0
46.5
48.4
52.2
51.3
50.7
50.5
46 . 6
19.6
22.0
23.5
23.2
^4.6
27.8
<6.0
27.4
25.1
16.9
21.9
22.6
22.3
23.8
26.8
27.1
2o. 6
C4.4
0.9
0.9
0 .9
0.8
1 .0
1.1
0.9
0.6
0.7
3.3
3.3
2.9
2.7
4* S
4*1
5.9
cL.4
20. 1
16 . o
19.7
16.C
17.0
16.0
15.8
14.9
@FedFRASER