View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

AGRICULTURAL
FINANCE
DATABOOK

o
*>*

January 1983

M o n t h l y Series

Special tables in this issue
Changes in deposits and loans at agricultural banks
Farm debt outstanding
Amount
Percentage change from previous year
Farm debt outstanding at reporting lending institutions
Amount
.
Percentage change from previous year

33

34
35
,36
37

Highlights of 1982 changes in outstanding farm debt
Total debt rose by $16.1 billion, or 8.0 percent, to $218.6 billion.
Real estate debt increased by 3.9 percent, non-real-estate debt
by 12.4 percent.
CCC loans rose by $8.6 billion, or 107 percent, to $16.6 billion.
In the fourth quarter, CCC loans increased by $5.9 billion, and
rapid growth continues in early 1983.
Non-real-estate loans at banks rose by 9.7 percent, whereas PCA loans
fell by 4.5 percent.
Federal land bank loans rose by $3.6 billion, or 8.3 percent, accounting
for most of the growth in real estate debt.
Total debt reflects the upward historical revision of estimates of debt
owed to individuals and nonreporting institutions, introduced by the
USDA in Agricultural Finance Outlook and Situation, December 1982.

Emanuel Melichar
Paul T. Balides

Division of Research and Statistics
Board of Governors of the Federal Reserve System
igton, D C. 20551
tieral distribution. Inquiries should be addressed to the authors.

EBEr-r.::
W A S H I N G T O N ,

U . u .




- -

AGRICULTURAL FINANCE DATABOOK—flONTHLT SERIES
2
SECTION

**62

200

FARM LENDING OPERATIONS AND EXPEfilENCE 01 NONBANK INSTITUTIONS

300

AGBICOLTOBAL BANKING DATA

APPENDIX TABLE:




AVERAGE INTEBEdT BATES ON BUSINESS AND FABH B0BB08IHGS

3
29

32

AGRICULTURAL FINANCE D A T A B O O K — M O N T H L Y SERIES

200

FARM LENDING OPERATIONS AND EXPERIENCE OF NONBANK INSTITUTIONS

210

PRODUCTION CREDIT ASSOCIATIONS

211

LOANS OUTSTANDING

211. 1fl
211.2B
212

ACTUAL
.
SEASONALLY ADJUSTED

LOANS HADE AND NEW LOANS

212. IB
212.221
212.3D
213

ACTUAL
SEASONALLY ADJUSTED ANNUAL RATE,
12-MONTH MOVING TOTAL..

RENEWALS AND COLLECTIONS

213. 1M
213.2H
213.3M

220
221

(SEE NOTE BELOW)

ACTUAL....
SEASONALLY ADJUSTED ANNUAL RATE
12-MONTH MOVING TOTAL....

FEDERAL LAND BANKS

(AGRICULTURAL LOANS)

LOANS OUTSTANDING

221.1M
221.2M
222

ACTUAL
SEASONAL:Y

ADJUSTED

LOANS CLOSED

222. 1H
222.2fl
222.3H
223

ACTUAL
SEASONALLY ADJUSTED ANNUAL RATE
12-MONTH MOVING TOTAL

..

.

""*15
....!l6

LOANS CLOSED AND NEW MONEY LOANED

223. 1M
223.2M
223.3M
224

ACTUAL...
SEASONALLY ADJUSTED ANNUAL RATE....
12-MONTH MOVING TOTAL

17

...IIl8
...19

REFINANCING AND REPAYMENTS

224.1H
224. 2M
224.3M

230

(AGRICULTURAL LOANS, EXCEPT AS NOTED)

ACTUAL
SEASONALLY ADJUSTED ANNUAL RATE
12-MONTH MOVING TOTAL

„

JO
21
22

LIFE I N S U R A N C E COMPANIES

231

FARM MORTGAGES OUTSTANDING AND ACQUIRED

231.1M
231.2M
231.3M
232

ACTUAL
SEASONALLY ADJUSTED
12-MONTH MOVING TOTAL

(MORTGAGES ACQUIRED ONLY)

23
24
25

FARM MORTGAGE C O M M I T M E N T S — O U T S T A N D I N G AND NEW

232. Ifl
232.2M
232.3a

SOURCES:

ACTUAL..
SEASONALLY ADJUSTED
12-MONTH MOVING TOTAL

(NEW COMMITMENTS ONLY)

26
27
28

"PRODUCTION CREDIT A S S O C I A T I O N S — S E L E C T E D MONTHLY LOAN DATA,"
SUPERVISORY DIVISION, FARM CREDIT ADMINISTRATION;
"FEDERAL L A N D B A N K S — S U M M A R Y OF SELECTED MONTHLY LOAN DATA,"
TECHNICAL SERVICES DIVISION, FARM CREDIT ADMINISTRATION;
"DISTRIBUTION OF INVESTMENTS OF U.S. LIFE INSURANCE COMPANIES,"
AND "FORWARD INVESTMENT COMMITMENTS OF REPORTING LIFE I N S U R A N C E
COMPANIES," AMERICAN COUNCIL OF LIFE I N S U R A N C E .

DATA IN THIS SECTION ARE OBTAINED FROM TIMELY MONTHLY REPORTS WHICH ARE NOT
REVISED TO REFLECT ANY SUBSEQUENT CHANGES OR CORRECTIONS. IF ONLY YEAR-END
DATA ON OUTSTANDING LOAN VOLUME ARE REQUIRED, USE THE SERIES IN SECTION 100
OF THE AGRiCULTURAL_JINANCJ^DAT^BOOK~ANNUAL_SERIJi S.
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; HOWEVER,
THESE TYPES OF LOANS REPRESENTED ONLY 2.9 PERCENT CF TOTAL OUTSTANDING LOANS
AT PRODUCTION CREDIT ASSOCIATIONS AS OF DECEMBER 1981.




TABLE 211. IB

PBODUCTION CREDIT ASSOCIATIONS
LOANS OUTSTANDING

PERCENTAGE CHANGE
FROM PREVIOUS

MILLIONS OF DOLLARS

END OF
MONTH

END OF "| CHANGE FROM PREVIOUS!,
.1
MONTH
I
YEAR
i
MONTH
1
9547.
9744.
10011.
10230.
10472.
10703.
10813.
10809.
10737.
10571.
10452.
10742.

1975-JAN..
-FEB..
-MAR..
-APR.,
-MAY..
-JON..
-JUL..
-AUG..
-SEP..
-OCT..
-NOV..
-DEC..

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

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

.5
2.1
2.7
2.2
2.4
2.2
1.0
-.0
-.7
-1.6
-1.1
2.8
-.3
1.0
2.7
2.7
2.5
2.6
1.5
1.1
.0
-1.2
-1.6
1.8

J '
| PERCENTAGE CHANGE
FROM PREVIOUS
| THOUSANDS!..
YEAR
MONTH
|
1

338.2
336.6
333.1
329.8
328.7

26889.
29445.
30010.
30568.
31053.
31618.
31913.
31955.
31902.
31733.
31688.
32682.

15.1
16.3
16.6
16.2
14.9
14.5
13.6
12.€
11.8
11.5
11.4
11.4

14.6
13.5

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

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

-.2
.7
1.2
1.0
.7
.5
.3
.0
-.3
-.7
-.9
-.3

-.7
-.2
.2
.9
.9
1.0
1.2
1.4
1.6
1.9
2.1
2.1

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

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

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

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

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

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

2.2
2. 1
2.2
2.3
2.4
2.5
2.4
2.4
2.5
2.4
2.4
2.1

36207.
36373.
36828.
37424.
38266.
39233.
3S961.
40237.
40130.
39637.
39064.
39253.

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

9.0
8.2
6.7
5.4
4.3
4. 1
4.4
5.0
6.3
6.9
8.4

|
|
|
|
|
|
t
|
|
|
|
I

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

-.5
.1
.6
.7
.5
.4
.3
.2
-.1
-. 6
-.7
2.1

1.8
1.3
.6
.2
-.1
-.3
-.2
.0
.1
.3
.4
3.1

3*788.
38850.
39067.
39366.
39971.
40971.
41806.
42261.
42625.
42274.
42164.
42162.

7.1
6.8
6. 1
5.2
4.5
4.4
4.6
5.0
6.2
6,7
7.9
7.4

12.5
12.9
14.6

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

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

-2.2
.3
.9
.9
.9
.6
.2
-.4
.6
-.3
-.4
.2

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

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

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

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

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

.2
.6
1.2
1.4
.6
.3
-. 1
-.2
-.5
-.9
-.6
.0

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

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

17.8
18.0
19. 1
• 7.7
17.2
16. 1
14.5
12. 1
10.9
8.4
b.9
6.8

365.7
369.2
373.8
377.3
380.4
382.8
383.2
383.0
381.5
379.5
375.6
371.9

.2
1.0
1.2
.9
.8
.6
.1
-.1
-.4
-.5
-1.0
-1.0

2.0
2.3
2.4
1.9
2.1
2.4
2.7
2.8
3.0
3.4
3.0
1.9

53712.
54276.
55144.
56016.
56891.
57800.
58586.
58600.
58498.
5 7671.
5657 j..
56577.

5.9
6.4
6.2
6.3
6.7
6.9
8.0
8.6
8.c
9. 1
8.0
5. 1

369.3
369.0
370.1
371.6
372.7
373.4
373.0
371.6
369.8
366.4
360.8
373.6

-.7
-.1
.3
,4
.3
.2
-.1
-.4
-.5
-.9
— 1.5
3.5

1.0
-.1
-1.0
- 1.5
-2.0
-2.4
-2.7
-3.0
-3.1
—3 . 5
-3.9
.4

55476.
55436.
55997.
56464.
57199.
58636.
59307.
59416.
59154.
58216.
56717.
53805.

Z. i
1.5
.8
.5
1.4
1.2
1.4
1. 1
.9
.3
-4.9

20.3

17.7

|

338.5

1
|
|
|
|

22.0
18.6

16.5
15.3
13.8
13.3

13.1
13.0

12.2

|

331.2

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

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

1977-JAN..
-FEB..
-MAR..
-APR. .
-MAY..
-JUN —
-JUL..
-AUG..
-SEP..
-OCT..
-NOV..
-DEC..

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

-56.
133.
310.
346.
404.
416.
289.
95.
-63.
-231.
-317.
-17.

1429.
1450.
1466.
1508.
1626.
1743.
1847.
1813.
1748.
1618.
1491.
1258.

-.5
1. 1
2.5
2.8
3. 1
3.1
2. 1
.7
-.4
-2.0
-2. 3
-. 1

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

13233.
13274.
13427.
13630.
13909.
14312.
14652.
14846.
14955.
i4743.
14601.
14901.

-221.
40.
153.
203.
279403.
339.
195,
109.
-211.
-142.
300.

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

-1.6
.3
1.2
1. 5
2.0
2.9
2.4
1.3
.7
-1,4
-1.0
2. 1

1979-JAN,,
-FEB..
-MAR..
-APR..
-MAY..
-JUN. ...I
-JUL.
-AUG. .
-SEP. .
-OCT..
-NOV..
-DEC..

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

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

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

-. 1
.7
2.6
2.8
2.6
2.9
2.0
1.3
1.2
.2
.2
3.0

1980-JAN..
-FEB..
-MAR..
-APR..
-MAY..
-JUN..
- JUL, -AUG..
-SEP.,
-OCT..
-NOV..
-DEC..

18184.
18410.
18953.
19498.
19857.
20195.
20230.
20097.
19911.
19400.
19119.
!9636.

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

3300.
3419.
35723691.
3643.
3507.
3215.
2855.
2459.
1909.
1598.
1592.

.8
1.2
2.9
2.9
1.8
1.7
.2
-.7
-.9
-2.6
-1.5
2.7

1981-JAN..
-FEB..
-MAR..
-APR..
-MAY..
-JUN.
-JUL.
-AUG.
-SEP-OCT.
-NOV.
-DSC. • .

19643.
20039.
20612.
21137.
21639.
22126.
22449.
22441.
22315.
21884.
21250.
21042.

7.
396.
573.
524.
502.
487.
324.
-8.
-127.
-431.
-634.
-207.

1459.
1629.
1659.
1638.
1782.
1930.
2219.
2344.
2404.
2483.
2131.
1406.

.0
2.0
2.9
2.5
2.4
2.2
1.5
-.0
-.6
-1.9
-2.9
-1.0

11.0

7.2

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

843.
418.
110.
-155.
-319.
-228.
-326.
-364.
-440.
-556.
-787.
-941.

-2.6
-. 1
1.3
1.3
1.6
2.7
1.0
-.2
-.9
-2.5
-4. 1
-1.8

4.3
2.1
.5
-.7
-1.5
-1.0
-1.5
-1.6
-2.0
-2.5
-3.7
-4.5

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

20487.

, . . 20457.
|

...I

20722.
20981.
21320.
21898.
22123.
22077.
21875.
21328.
20463.
20101.




-556.
-30.
265.
259.
339.
578.
225.
-45.
-203.
-547.
-864.
-362.

PERCENTAGE
CHANGE
FROM
PREVIOUS
,

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

330.5
330.9
333.6
334.7

1976-JAN,.
-FEB..
-MAR..
-APR..
-MAY..
-JUN..
-JUL..
-AUG.,
-SEP. .
-OCT..
-NOV,.
-DEC..

1982-JAN,
-FEB.
-MAR.
-APR.
-MAY.
-JUN.
-JUL.
-AUG.
-SEP.
-OCT.
-NOV.
-DEC.

DOLLARS

2.1
.1
.8
.3
.8
.4
.1
-.2
-.5
-1.0
-1.0
-.4

|
|
|
|

22.5
22.5

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

. |

AVERAGE SIZE

N1MBB1 OF BORROWERS

J

11.1

11.0
11.6
11.8

12.2
12.7
14.0
14.8

15.1

10.8

16.0
16.6

16.6

16.1
16.1
16.7

18.6

20.0

21.1

22.2

22.8
23.2
23.3
22.5

21.0
18.9
16.6
14.1
10.9
9.1
8.8
8.0
8.8
8.8
8,4
9.0
9.6

11.7
12. 1

12.8

11.1

3

TABLE 211.2M

PRODUCTION CBEDIT ASSOCIATIONS
LOANS OUTSTANDING
SEASONALLY-ADJUSTED DATA

END OF
MONTH

|
|

END OF
MONTH

AVERAGE SIZE

NUMBER OF BORROWERS

AMOUNT
MILLIONS OF DOLLARS

I

I CHANGE FBOM "PEEVIOUSI
1
YEAR
|
|
MONTH
1
fSAAR)

PERCENTAGE CHANGE
FROM PBEVIOUS
MONTE
(SAAR)

YEAR

1
1
THOUSANDS|
1
1
1

PERCENTAGE CHANGE
FROM PBEVIOUS
MONTH
(SAAR)

DOLLARS

YEAR

PERCENTAGE
CHANGE
FROM
PREVIOUS
YEAR

1375-JAN....|
-FEB
1
-HAS.... |
-APB....|
-MAY
1
-JUN....|
-JUL.... |
-AUG
|
-SEP.... |
-OCT....J
-NOV....|
-DEC....|

9855.
10016.
10137.
10206.
10300.
10378.
10462.
10511.
1054 8.
10638.
10766.
10937.

2167.
2124.
1548.
856.
1193.
966.
1066.
598.
454.
1124.
1642.
2248.

1804.
1858.
1859.
1752.
1641.
1591.
1477.
1376.
1247.
1222.
1221.
1247.

22.4
21.6
15.5
8.4
11.7
9.4
10.3
5.7
4.3
10.7
15.4
20.9

22.4
22.8
22.5
20.7
19.0
18. 1
16.4
15.1
13.4
13.0
12.8
12.9

337.1
335.3
334.3
332.6
333.4
333.4
333.7
333.9
333.8
333.9
334.7
334.0

30.6
-6.3
-3.4
-5.8
2.8
.0
1.0
.8
— .6
.7
2.8
-2.3

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

29233.
29875.
30323.
30682.
30895.
31126.
31353.
,31477.
31603.
31854.
32164.
32741.

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

1976-JAN....}
-FEB
|
-MAR.... I
-APB....|
-MAI
|
-JUN....|
-JUL....|
-AUG....J
—SEP....|
-OCT....|
-NOV... .|
-DEC
1

11054.
11145.
11290.
11426.
11547.
11668.
11788.
11956.
12073.
12223.
12316.
12408.

1482.
1147.
1872.
1739.
1540.
1544.
1522.
2188.
1473.
1928.
1171.
1141.

1199.
1128.
1153.
1220.
1246.
1291.
1326.
1445.
1525.
1585.
1551.
1470.

13.6
10. f.
16.8
15.4
13.5
13.4
13.0
18.6
12.3
16.0
9.6
9.3

12.2
11.3
11.4
12.0
12.1
12.4
12.7
13.8
14.5
14.9
14.4
13.4

334.3
334.7
335.3
336.0
336.6
337.2
338. 1
338.7
339. 1
340. 1
341.2
340.6

.8
1.6
2.2
2.4
2.4
2.2
3.0
2.3
1.5
3.6
3.7
-1.8

-.8
-.2
.3
1.0
1.0
1.1
1.3
1.4
1.6
1.8
1.9
2.0

33069.
332S9.
33671.
34007.
34301.
34600.
34869.
35301.
35600.
35936.
36101.
36423.

13. 1
11.5
11.C
10.8
11.0
1 i.2
11.2
12. 1
12.6
12.8
12.2
11.2

1 977-JAiS
|
-FEB....|
— MAR....|
-APB....|
-HiI.*..|
-JUN....|
—JUL*...|
—AUG....|
-SEP....|
-OCT....|
-NOV. .. . |
-DEC....|

12523.
12654.
12802.
12954.
13172.
13379.
13573.
13703.
13769.
13830.
13831.
13685.

1462.
1668.
1893.
1945.
2866.
2718.
2521.
1647.
814.
741.
14.
-1657.

1470.
1510.
1512.
1528.
1625.
1711.
1785.
1747.
1697.
1607.
1515.
1277,

11.8
13.3
15.0
15.2
22. 1
20.6
18.8
12. 1
5.9
5.4
.1
-12.0

13.3
13.5
13.4
13.4
"4. 1
14.7
15. 1
14.6
14. 1
13.1
12.3
10.3

341.2
341.8
342.9
343.9
345.0
345.8
346.6
347.1
347.9
348.2
349. 1
347.5

1.9
2.3
3.8
3.5
4.0
2.9
2.8
1.5
2.8
1.3
3.2
-5.5

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

36705.
37020.
37335.
37669.
36178.
38687.
39158.
39485.
39584.
39715.
39613.
39380.

11.0
11.2
10.9
10.8
11.3
11.8
12.3
11.9
11.2
10.5
9.7
8. 1

1978-JAN.... J
-FEE....i
-MAM....I
-APS. . j • ]
-MAI....|
-JUN....|
-JUL....|
— AUG..« «|
-SEP..,.|
-OCT.-..|
-NOV...
-DEC....|

13650.
13695.
13668.
13659.
13750.
13933.
14168.
14299.
14636.
14775.
14977.
15165.

-406.
548.
-324.
-110.
1138.
2358.
3098.
3039.
3115.
1759.
26 i2.
2418.

1127.
1041.
865.
705.
578.
553.
595.
696.
867.
945.
1146.
1480.

-3.0
4.0
-2.4
-. 8
8.3
17. 1
22.2
21.5
21.6
12.0
17.7
16. 1

9.0
8.2
6.8
5.4
4.4
4.1
4.4
5.1
6.3
6.8
8.3
10.8

346.9
346. 1
345.1
344,8
344.7
344.8
346.0
347.3
348.2
349.0
350.3
358.1

-2.2
-2.6
-3.4
-1.0
-.4
.6
4. 1
4.4
3.5
2.7
4.7
30.2

1.7
1.2
.6
.3
-.1
-.3
-.2
,1
.1
.2
.3
3. 1

35355.
39572.
39607.
39613.
35893.
40402.
40946.
41466.
42028.
42333.
42749.
42345.

7.2
6.9
6. 1
5.2
4.5
4.4
4.6
5.0
6.2
6.6
7.9
7.5

1979-JAN
|
-FEB....I
— MAS. . . . 1
-APB....i
-MAI. ...|
-JUN,. ... j
-JUL....|
— AUG....|
-SEP,..,1
-OCT
|
-NOV.
|
-DEC.
j

15356.
15472.
15654.
15834.
16024.
16239.
16454.
16738.
17093.
17525.
17978.
18396,

2462.
1450.
2336.
2292.
2439.
2785.
2778.
3753.
4787.
5961.
62C6 .
5703.

1706.
1777.
1987.
2175.
2274.
2307.
2287.
2339.
2457.
2750.
3001.
3231.

16.2
9.4
15. 1
14.6
15.4
17.4
17.1
22.8
28.6
34.9
35.9
31.7

12.5
13.0
14.5
15.9
16.5
16.6
16. 1
16.2
16.8
18.6
20.0
21.3

351.3
351.3
351.5
351.8
353.0
354.0
354.8
354.0
357.6
359.2
361.5
362.9

1.3
1.5
1.9
2.0
2.4
2.6
2.5
1.9
2.7
2.9 .
3.2
1.3

43706.
44045.
44531.
45006.
45389.
45877.
46373.
47284.
47803.
48788.
45736.
50693.

11. 1
11.3
12.4
13.6
13.8
13.6
13.3
14.0
13.7
15.2
16.3
19.7

1980-JAN
-FEB

18757.
18993.
19267.
19512.
19607.
19633.
19559.
19526.
19513.
19421.
19610.
20027.

4839.
3042.
3556.
3155.
1170.
318.
-879.
-392.
-145.
-1076.
2388.
5627.

3401.
3521.
3613.
3679.
3583.
3394.
3104.
2787.
2420.
1897.
1632.
1631.

26.3
16.2
18.7
16.4
6.0
1.6
-4.5
-2.0
-.7
-5, 5
12.3
28.7

22. 1
22.8
23.1
23.2
22.4
20.9
18.9
16.7
14.2
10.8
9.1
8.9

364.2
365.2
366.6
368.7
369.0
368.8
368.5
368.2
367.9
367.3
368.6
369.5

4.3
3.5
4.7
6.9
1.1
-.6
-1.2
-.7
-1. 1
-2.0
4.5
2.7

3.6
4.0
4.3
4.8
4.5
4.2
3.8
4.0
2.9
2.3
2.0
1.8

51506.
52007.
52553.
£2928.
53136.
53233.
53083.
53023.
53039.
52876.
53194.
54204.

17.8
18. 1
18.0
17.6
17.1
16.0
14.5
12.1
11.0
8.4
7.0
6.9

1991-JAN
| 20284.
-FEB...-| 20692.
-MAE....| 20949.
21145.
—APR....|
-MAY....| 21356.
•* s-JUN. ... | 21489.
-JUL..w,| 21699.
— AUG«..«| 21818.
-SEP....| 21887.
-OCT
| 21901.
-NOV....| 21810.
-EEC... . . | 21486.

3311.
5477.
3311.
2469.
2678.
1660.
2654.
1475.
833.
179.
-1067.
-3586.

1527.
1698.
1682.
1632.
1749.
1856.
2140.
2293.
2373.
2480.
2200.
1460.

16.5
27.0
16.0
11.8
12.7
7.8
12.4
6.8
3.8
.8
-4.9
-16.4

8. 1
8.9
8.7
8.4
8.9
9.5
10.9
11.7
12.2
12.8
11.2
7.3

371.6
373.8
375.5
375.9
376.8
377.8
378.4
378.8
379. 1
379.8
379.5
376.7

7.2
7.3
5.4
1.4
2.8
3.4
1.7
1.3
1.1
2. 1
-.8
-8.5

2.0
2.4
2.4
2.0
2.1
2.4
2.7
2.9
3.0
3.4
2.9
2.0

54580.
55351.
55793.
56248.
56679.
56876.
57348.
57601.
57/30.
57669.
57470.
57039.

6.0
6.4
6.2
6.3
6.7
6.8
8.0
8.6
8.8
9. 1
8.0
5.2

-3656.
-378.
-861.
-847.
635.
2862.
1582.
1140.
-50.
-1417.
-3656.
-4984.

871.
432.
101.
- iti6.
-325.
-234.
-316.
-343.
-415.
-552.
-793.
-937.

-17.0
-1.8
-4. 1
-4.0
3.0
13.6
7.4
5.3
2
-6.6
-17. 1
-23.7

4.3
2. 1
.5
-.8
-1.5
-1. i
-1.5
— 1.6
-1.9
-2. 5
-3.6
-4.4

375.3
373.6
371.7
370. 1
369.2
368.6
368.4
367.6
367. 7
366.8
364.7
378.6

-4.5
-5.2
-5.9
-4.9
-3.0
-2.0
-.7
-2.3
.2
-2.9
-6.7
56.y

1.0
-. 1
-1.0
-1.5
-2.0
-2.4
-2.6
-2.9
-3.0
-3.4
-3.9
.5

56374.
56541.
56634.
56675.
56961.
57668.
56050.
58416.
58397.
58207.
57634.
54273.

3.3
2. 1
1.5
.8
.5
1.4
1.2
1.4
1.2
.9
.3
-4.9

|
|

-MAY....|
-JUN....|
-JUL....|
-AUG
|
-SEP.
j
-OCT,...|
-DEC

1982-JAN

|

i

-MAR.•••|
—JUK-..•|

-NOV
-DEC.




i
|

2115 J .
21123.
21050.
20978.
21030.
2 5 255.
21383.
21475.
21471.
21349.
21018.
20549.

-20.5
-.2
.9
.9
4.3
3.2
2.9
-2.8
12.8
5.6
7.9
4.8

6
TABLE 212.111

PRODUCTION CRBDIT ASSOCIATIONS
LOANS MADE AND NEW LOANS

1
I
| MILLIONS |
OF
|
1
1 DOLLARS |
1
1
1
1580.
1975-JAN
1
1413.
-FEB....|
1457.
-MAR
|
1449.
-APR....|
1258.
-MAY
|
1208.
-JUN.... |
1136.
-JUL.,.. |
981.
-AUG
|
1064.
-SEP.,..|
1235.
-OCT....|
1195.
-NOV....|
2021.
-DEC
|
MONTH

1976-JAN
|
-FEB. ...|
-MAE....|
-APR....|
-MAI....|
-JUN
|
-JUL.... |
-AUG. ... |
-SEP....|
-OCT....|
-NOV. . . .1
-DEC....|
1
1977-JAN.... |
-FEB....|
-MAR....|
-APR....|
-MAX....|
-JUN....|
-JUL....|
-AUG.. . .j
-SEP....|
-OCT....|
-NOV....|
-DEC....|
I
1978—JAN.... |

NEW LOANS

LOANS MADE
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH

YEAR

AS PERCENTAGE OF
:
|
1 LOANS OUT- COLLECTIONS
i STANDING*

MILLIONS |
OF
|
DOLLARS |
J

PERCENTAGE CHANGE
FROM PREVIOUS

1
AS PERCENTAGE OF
1
J LOANS OUT- COLLEC-

MOpTH,

YBf*

-14.1
-14.4
4.9
10.1
-5.0
5.6
-7.5
-14.1
10.1
12.5
-10.3
60.8

-.5
5.8
-2.4
3.5
2.1
25.7
6.9
-3.3
15.1
10.9
7.7
20.7

10.
8.
9.
9.
9.
9.
8.
7.
7.
8.
8.
13.

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

-5.2
-10.6
3.2
—. 6
•*13. 2
-4.0
-5.9
-13.7
8.4
16. 1
-3.2
69. 1

5.8
14.6
8.9
12.0
9.1
26.4
8.0
.1
14.1
9.5
5.6
21.2

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

177.
234.
254..
207.
198.
T76.
150.
133.
120.
115.
128.
198.

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

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

-11.2
-11.2
21. 2
-11.3
-17.6
1.9
-18.2
.1
-.£
3.6
22.9
44.3

13.6
12.8
32.6
18.3
12.3
19.1
3.6
20.1
9.9
-2.0
24.5
6.2

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

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

1030.
887.
1170.
1139.
1021.
1130.
912.
896.
896.
904.
1025.
1359.

-21. 6
-13.9
31.9
-2.6
-10.3
10.6
-19.3
-1.7
-.1
1.0
13.4
32.6

10.2
10.9
39.5
23.3
16.4
21.9
6.4
21.8
10.6
-.8
25.4
3.4

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

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

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

-8. 1
-7.3
20.0
-14.7
-11.8
-2.3
-20.0
-.8
.2
3.2
16.6
41.0

10.0
14.8
13.7
9.3
17.0
12.3
9.7
8.8
9.9
9.5
3.9
1.5

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

168.
2C9.
219.
217.
206.
198.
182.
145.
126.
104.
113.
161.

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

-17.4
-10.2
30.0
-7.5
-.6
2.0
-18.5
-2.1
-1.8
3.9
5.4
27.8

8.9
13.5
12.0
6.3
17.8
8.6
9.7
9.3
7.4
10.5
2.7
-1.0

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

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

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

-5.7
-6.9
26.3
-16.0
-5.8
-6.4
-13.6
3.2
-1.0
14.4
9. 1
32.6

4.1
4.5
9.9
8.2
15.6
13.7
19.5
24.3
22.8
36.0
27.3
19.7

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

146.
191.
191.
187.
174.
176.
175.
151.
139.
110.
124.
180.

1176.
1040.
1447.
1285.
1374.
1409.
1218.
1243.
12381420.
1439.
1746.

-12.5
-11.6
39.1
-11.2
6.9
2.5
-13.6
2.1
-.4
14.6
1.4
21.3

4.8
3.3
10.5
6. 1
14.2
14.8
21.7
27.0
28.7
42.1
36.7
29.8

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

84.
104.
114.
119.
125.
139.
138..
118.
109.
67.
90.
120.

-a"::::!
-APR....|
-MAY....|
-JUN....|
—JUL....|
-AUG....|
-SEP....|
-OCT....|
-NOV.
|
-DEC
|
1
1979-JAN. ... |
-FEB....|
-MAR....|
-APR
1
-MAY....]
-JUN.... |
-JUL. ... |
-AUG....|
-SEP....1
-OCT
|
-NOV... .|
-DEC
|
1
1980-JAN....|
-FEB....j
—MAR....|
-APR....|
—MAY....|
-JUN.
|
-JUL.... |
-AUG....|
-SEP.... |
-OCT
1
-NOV
|
-DEC.... |

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

3.4
-12.8
22.9
-9.3
-10.3
-8.7
-8.6
-2.7
-1.6
29.9
3. 1
29.5

3K 3
23.0
19.7
29.3
23.2
20.1
27.1
19.9
19.2
35.3
27.9
2'1.9

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

158.
183.
199.
191.
173.
167.
156.
149.
14*';.
128.
135.
182.

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

-3.8
-17.9
33.3
-3.0
-1. 3
-.6
-10.0
-4.9
.8
28.4
-2.5
21.0

42.7
32.5
27.0
38.8
28.0
24.1
29.2
20.4
21.8
36.5
31.2
30.9

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

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

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

5.2
-13.0
7.5
-7. 1
-13. 1
-6. 1
-11. 1
-11.6
9.3
14.7
-2. 6
62.6

27.1
26.8
10.9
13.6
1G.0
13.2
10.1
-.0
11.0
-1.9
-7.3
16.4

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

163.
195.
213.
2:1.
174.
161.
133.
123.
117.
102.
119.
178.

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

-2.6
-20.0
14.7
-4.2
-6.3
. --3
-9.8
-14.9
12.8
1*6.1
-8.8
57.1

32.6
29.2
11.2
9.7
4.2
4.5
4.7
-6.2
5.0
-5.1
-11.2
15.4

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

106.
117.
135.
138.
124.
121.
i01.
90.
89.
78.
85.
124.

1981—JAN. ... |
-FEB
|
-MAR.... |
-APR.... |
-MAY....|
-JUN....|
-JUL
|
-AUG....|
-SEP....|
-OCT
1
-NOV.... |
-DEC.. . . J

3562.
3225.
3780.
3522.
2803.
2738.
2560.
2070.
2188.
2305.
2294.
3611.

-6. 1
-9.5
17.2
—6. 8
-20.4
-2.3
-6. 5
-19.2
5.7
5.4
-.5
57.4

3.9
8.2
17.9
18.3
8.3
12.6
18.5
8.4
4.8
-3.8
-1.7
-4.8

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

153.
213.
206.
195.
183.
167.
156.
128.
120.
, 106.
100.
141.

2319.
1906.
2404.
2323.
2033.
2116.
1948.
1596.
1688.
1733.
1646.
2365.

-12.0
-17.8
26.1
-3.4
-12.5
4.1
-8.0
-18.0
5.7
2.7
-5.0
43.7

4.2
7.0
17.6
18.7
10.9
15.8
18.2
13.8
6.6
-5.7
-1.9
-10.3

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

100.
126.
131.
129.
133.
129.
119.
99.
93.
80.
72.
92.

1982-JAN
|
-FEB.... |
-MAR....j
-APR....1
-MAY....|
-JUN....|
-JUL
|
-AUG
j
-SEP....|
-OCT
t
-NOV....|
-DEC....|
1.

3067.
2896.
3669.
3291.
2763.
2861.
2221.
2118.
2079.
2031.
2321.
3229.

-15.0
-5.6
26.7
-10.3
-16.0
3.5
-22.4
-4.6
-1.8
-2.3
14.3
39. 1

-13.9
-10.2
-2.9
-6.5
-1.4
4.5
-13.3
2.3
-5.0
-11.9
1,2
-10.6

15.
14.
18.
16.
13.
13.
10.
10.
9.
9.
11.
16.

126.
181.
196.
192.
185.
185.
153.
132.
117.
99.
92.
134.

1876.
1570.
2131.
1986.
1852.
2155.
1685.
1565.
1582.
1528.
1652.
2119.

-20.7
-16.3
35.7
-6.8
-6.7
16.4
-21.8
-7.1
1.1
-3.5
8.1
28.3

-19.1
-17.6
-11.4
-14.5
-8.9
1.8
-13.5
-1.9
-6.3
-11.8
.4
-10.4

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

77.
98.
114.
116.
124.
140.
116.
98.
89.
74.
66.
88.

# LOANS OUTSTANDING AT END OF PBECEDING MONTH.
"NEW LOANS" ABE COMPUTED AS LOANS MADS LESS RENEWALS.




RENEWALS INCLUDE SOME NONAGRICULTURAL LOANS (SEE NCTB ON PAGE 3).

i'ABLE 212.2M
PRODUCTION CREDIT ASSOCIATIONS
LOANS HADE AND NEW LOANS
SEASONALLY-ADJUSTED ANNUAL RATE
LOANS MADE
1
| MILLIONS i
OF
|
1 DOLLARS i
1

MONTH

1975-JAN.,..|
-F15B
J

MONTH

15422.
15623.
14068.
15977.
15764.
15664.
17037.
.15219.
16832.
16815.
15310.
18621.

. 1
1.3
-10.0
13.6
-1.3
-. 6
8. 8
-10.7

17640.
17690.
18372.
18586.
-MAY
| 17535.
-JUN
1 18606.
-JUL. ... | 17739.
-AUG
| ~ 18353.
-SEP
1 18499.
-OCT
| 16878.
-NOV.... |
19243.
-DEC
| 19738.

-5.3
.3
3.9
1.2
-5.7
6. 1
-4.7
3.5
.8
-8.8
14.0
2.6

1977-JAN... . . | 19489.
-FEB
1 20336.
-MAR....| 20601.
•APR
1
20119.
20303.
-JUN....| 20835.
-J9L....|
19614.
-AUG....| 20107.
-SEP
1 20357.
-OCT... . | 18744.
-NOV
| 20189.
-DEC
1 20010.
1978-JAN.... |
-FEB....|
— MAR....|
-APR
|
-MAY
1
-JUN....|
-JUI
|
-AUG....|

-MAR.... |
-IIPR. . . . |

-MY
-JON
-JUL

1
1
|
-AUG
1
-SEP
|
-OCT
|
-NOV
|
-DEC...-i

NEW LCANS

PERCENTAGE CHANGE
FROM PREVIOUS
-

|
AS PERCENTAGE OF
|
1 LOANS OUT- " C O L L E C YEAR _ _ L
STANDING*
TIONS

6.2
15.4
7.8
9.9
8.0
25.4
8.2
-.2
14.4
12.2
7.6
20.8

159.
159.
140.
158.
154.

175.
186.
195.
171.
171.

MILLIONS

|

PERCENTAGE CHANGE
FROM PREVIOUS

1
|

AS PERCENTAGE OF

OF
|
DOLLARS |
|., MONTH

YEAR

10493.
10474.
8998.
10591.
10407.
10612.
11303.
10123.
11432.
11300.
10273.
12872.

-1.9
-.2
-14. 1
17.7
-1.7
2.0
6.5
-10.4
12.9
-1.2
-9.1
25.3

.2
7.7
-3.0
1.9
.7
24.1
6.7
-3.3
15.2
13.0
9.1
20.4

108.
106.
90.
104.
102.
103.
109.
97.
109.
107.
97.
120.

103.
105.
109.
112.
120.

-9.3
.9
5.2
3.9
-6.9
7.2
-6.1
2.9
1.7
-9.6
13.2
3.2

11.3

12.4
37.6
21.5
15.1
21.0
6.7
22.6
10.4
1.0
25.7
3.6

107.
107.
111.
114.
105.
111.
103.
105.
106.
95.
106.
108.

112.
110.
116.
117.
115.
106.
122.
118.
114.
112.
109.
113.

9.0
14.3
10.7
5.4
16.7
8.3
10.6
10.7
7.6
11.4
2.9
-1.0

103.
107.
108.
106.
108.
106.
100.
101.
99.
92.
96.
95.

111.
112.
113.
119.
124.
119.
134.
112.
106.
102.
99.
94.

LOANS OUTJ STANDING*

COLLECT

HONS
119.
125.
125.
113.
113.
105.

152.
164.

171.

',45.

155.

160.
159.
144.
173.

155.
163.
167.
174.

11.2
18.8
4-1
20.€
9.9
.4
25.7
6.0

161.
160.
165.
165.
153.
161.
152.
156.
155.
140.
157.
160.

169.
165.
172.
169.
168.
154.
179.
175.
167.
165.
162.
16V.

11675.
11777.
12384.
12869.
11980.
12842.
12060.
1241-4.
12621.
11410.
12917.
13334.

-1.3
4.3
1.3
•"2.3
.9
2.6
-5.9
2.5
1.2
-7.9
7.7
-.9

10.5
15.0
12.1
8.3
15.8
12.0
10.6
9.6
10.0
11.1
4.9
1.4

157.
162.
163.
157.
157.
158.
147.
148.
149.
136.
146.
145.

170.
169.
170.
17b.
180.
178.
197.
163.
158.
151.
150142.

12721.
13461.
13714.
13562.
13979.
13907.
13339.
13739.
13581.
12708.
13286.
13197.

*4.6
5.8
1.9
-1. 1
3.1
-.5
-4.1
3.0
-1. 1
-6.4
4.5
-.7

20292.
21182.
22467.
21608.
23327.
23105.
23469.
25275.
24954.
25675.
25900.
23960.

1.4
4.4
6. 1
-3. 8
8.0
-1.0
1.6
7.7
-1.3
2.9
.9
-7. 5

4.1
4.2
9.1
7.4
14.9
10.9
19.7
25.7
22.6
37.0
28.3
19.7

148.
155.
164.
158.
171.
168.
168.
178.
173.
175.
175.
160.

150.
154.
148.
151.
153.
160.
189.
170.
173.
161.
166.
159.

13231.
13872.
15054.
14343.
15913.
16066.
16243.
17712.
17529.
18122.
18140.
17081.

4.8
8.5
-4.7
11.0
1.0
1.1
9.0
-1.0
3.4
.1
-5.8

4.0
3.0
9.8
5.8
13.8
15.5
21.8
28.9
29.1
42.6
36.5
29.4

97.
102.
110.
105.
117.
117.
117.
125,
122.
124.
123.
114.

98.
101.
99.
100.
104.
111.
131.
119.
122.
113.
116.
113.

1979-JAM
1 26576.
-FEB.... | 26031.
-MAR
| 26828.
— APR... . | 27709.
-MAY
| 28657.
-JUN.... J 27809.
-JUL
| 29760.
-AUG
i 30569.
-SEP
1 29716.
-OCT....| 34735.
-NOV
| 33566.
-DEC
| 29984.

10.9
-2.0
3. 1
3.3
3.4
-3.0
7.0
2.7
-2.8
16.9
-3.4
-10.7

31.0
22.9
19.4
28.2
22.8
20.4
26.8
20.9
19.1
35.3
29.6
25. 1

175.
170.
173.
177.
181.
174.
183.
186.
178.
203.
192.
167.

163.
147.
153.
153.
152.
1b3.
168.
169.
178.
183.
161.

18638.
18331.
19094.
19853.
20443.
20116.
20934.
21610.
21392.
24715.
23949.
22191.

9. 1
-1.6
4.2
4.0
3.0
-1.6
4.1
3.2
-1.0
15.5
-3.1
-7.3

40.9
32.1
26.8
38.4
28.5
25.2
28.9
22.0
22.0
36.4
32.0
29.9

123.
119.
123.
127.
129.
126.
129.
131.
128.
145.
137.
123.

115.
104.
109.
110.
108.
111.
118.
120.
128.
132.
130.
119.

1980-JAN. . . . | 33639.
| 33003.
-FEB
29786.
-MAR....I
-APR....|
31125.
-MAY
1 31539.
-JUN. ... | 31555.
-JUL
1 32577.
-AUG
1 30798.
-SEP
| 32923.
-OCT....| 34022.
-NOV....| 31445.
-DEC....| 34859.

12.2
-1.9
-9.7
4.5
1.3
. 1
3.2
-5.5
6.9
3.3
-7.6
10.9

26.6
26.8
11.0
12.3

169.
155.
163.
168.
153.
149.
142.
141.
145.
147.
162.
158.

24377.
23625.
21258.
21678.
21484.
21233.
21746.
20528.
22445.
23434.
21386.
25350.

9.8
-3. 1
-10.0
2.0
-.9
-1.2
2.4
-5.6
9.3
4.4
-8.7
18.5

30.8
28.9
11.3
9.2
5.1
5.5
3.9
-5.0
4.9
-5.2
-10.7
14.2

133.

13.5
9.5
.7
10.8
-2.1
-6.3
16.3

183.
176.
157.
162162.
161.
166.
157.
169.
174.
162.
178.

126.
112.
113.
110.
108.
111.
105.
115.
120.
110.
129.

111.
116.
117.
104.
100.
95.
94.
99.
101.
110.
115.

34910.
35761.
35177.
36504.
34276.
35515.
38437.
33587.
34475.
32667.
31197.
33216.

.1
2.4
-1.6
3.8
-6. 1
3.6
8.2
-12.6
2.6
-5.2
-4.5
6.5

3.8
8.4
18.1
17.3
8.7
12.5
18. 0
9.1
4.7
-4.0
-.8
-4.7

174.
176.
170.
174.
162.
166.
179.
155.
158.

160.
168.
157.
155.
159.
155.
167.
149.
149.
153.
139.
125.

25206.
25255.
25065.
25614.
24061.
24686.
25580.
23587.
23897.
22072.
21122.
22578.

-.6
.2
-. 8
2.2
-6. 1
2.6
3.6
-7.8
1.3
-7.6
-4.3
6.9

3.4
6.9
17.9
18.2
12.0
16.3
17.6
14.9
6.5
-5.8
-1.2
-10.9

126.
125.
121.
122.
114.
116.
119.
109.
110.
101.
96.
104.

115.
119.
112.
109.
112.
108.
111.
104.
103.

29996.

-9.7
6.9
6. 7
-.8
-. 2
9.3
-10.2
3.9
-5.4
-11.9
10.3
-6.5

132.
142.
149.

20284.
20751.
22299.
21824.
22054.
25175.
22031.
23274.
22348.
19491.

-10.2
2.3
7.5
-2.1
1. 1
14.2
-12.5
5.6
-4.0
-12.8
9.3
-5.6

-19.5
-17.8
-11.0
-14.8
-8.3
2.0
-13.9
-1.3
-6.5
-11.7
.9
-11.0

94.
98.
106.
104.
105.
120.
104.
109.
104.
91.
100.
96.

89.
92.
97.
97.
105.
117.
108.
104.
99.
96.
86.
81.

1976-JAN
1
-FEB.... |
-MAR
-APR

1
1

-SEP
|
-OCT.... |

-NOV
|
-DEC....|

198 W A N
1
-FEB....j
-MAR....|

-APR....j
-KAY....1
-JUN
1
-JUL....|
-AUG
1
-SEP....|

-OCT
-NOV
-DEC

1
|
|

1982-JAN
i
|
-FEB
-MAR....|
"APR

|

-MAY
|
-JUN
|
-JUL.... |
-AUG....J
-SEP....|

-OCT
|
-NOV. ... |
-DEC

1

32071.
34208.
33940.
33884.
37022.
33257.
34550.
32692.
28787.
31752.
29702.

10.6

-. 1
-8.9
21.6

14.4
13.2
30.6
16.3

10.1

-14.1
-10.3
-2.8
-7.0
-1.1
4.2
-13.5
2.9
-5.2
-11.9

1.8
-10.6

149.

142.
152.
140.

152.
162.
161.
162.
176.
156.
162.
152.

134.
149.
141.

155.

186.

151.
161.

172.
164.
154.
146.

142.
128.
120.

21303.

20103.

.3

-I .
* SEASONALLY-ADJUSTED LOANS OUTSTANDING AT END OF PRECEDING MONTH.
"NEW LOANS" ABE COMPUTED AS LOANS MADE LESS RENEWALS, AND THEN SEASONALLY ADJUSTED.
RENEWALS INCLUDE SOME NONAGRICULTORAL LOANS (SEE NOTE ON PAGE 3).




113.

123.

103.

94.
85.

TABLE 212.3H

PBODUCTIOM CREDIT ASSOCIATIONS
LOANS HADE AND NEW LOANS
TWELVE-HONTH NOTING TOTAL
NEW LOANS

Ii
?

LOANS BADE
HILLIOMS
OF
DOLLARS

i
1975-JAN. • . .|
-FEB* . . . |
-MAR....j
-APR....|
-HAY.... |
-JUN
|
-JUL.... |
-AUG.... |
-SEP....j
-OCT....|
-NOV....|
-DEC....<

CHANGE FROH
PREVIOUS YEAR
BILLIONS
OF
DOLLARS

PERCENT

AS PERCENTAGE OF
LOANS OUTSTANDING*

COLLECTIONS

CHANGE FBOH
I|
HILLIOMS ||
PREVIOUS YEAR
OF
jI
DOLLABS |I MILLIONS
PERCENT
OF
II
II DOLLARS

AS PERCENTAGE OJ
|
|
1
1 LOANS OUT- COLLB<
TIONi
| STANDING*
i

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

1146.
1207,
1226.
1109.
1026.
1260.
1188.
1204.
1266.
13601496.
1638.

8.6
9.0
9.1
a.o
7.3
9.0
8.4
8.5
8.9
9.6
10.6
11,4

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

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

9977.
10020,
10000.
16031.
10049.
10238.
10294.
10269.
10375,
10464.
10523.
10748.

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

6.9
6.4
5.3
3.3
1.9
3.7
3.1
2.9
3.6
4.9
6.7
7.7

112.
1*11.
109.
108.
106.
107.
106.
104.
104.
104.
103.
104,

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

1976-JAN
| 16212.
-FEB.,..| 16393.
-HAS
1 16868.
-APR.... | 17133.
-HAY
1 17288.
-JUN....| 17519.
-JUL
1 17560.
-AUG
1 17T57.
-SEP
1 17862.
-OCT.... | 17837.
-NOV
1 18130.
-DEC
| 18256.

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

12.2
12.1
14.4
15.0
15.2
14.8
14.5
15.8
15.4
14.5
15.9
14. 1

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

168.
167.
166.
167.
167.
167.
168.
169.
170.
170.
168.
168.

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

867.
911.
1262.
1446.
1572.
1586.
1585.
1770.
1749.
1653.
1802.
1621.

8.7
9.1
12.6
14.4
15.6
15,5
15.4
17.2
16.9
15.8
17.1
15.1

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

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

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

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

13.7
13,9
12.2
11.4
11.8
11.4
11.8
11.1
11.1
11.9
10.4
9.8

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

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

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

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

14.9
15.1
13.0
11.5
11.7
10.6
10.8
10.0
9.8
10.6
9.0
8.5

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

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

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

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

9.2
8.3
7.9
7.8
7.8
7.7
8.4
9.4
10.2
12.0
13.7
15.7

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

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

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

1013.
926.
923.
925.
914.
997.
•If 26.
1307.
1517.
1843.
2202.
2616,

8.1
7.4
7.3
7.2
7.0
7.6
8.6
9.9
11.4
13.7
16.4
19.5

101.
101.
101.
101.
102.
103.
104.
106.
107.
110.
112.
114.

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

23840.
2427.9.
24755.
25349.
25792.
26152.
26570.
26887.
27190.
27828.
28377.
29027.

3711.
4068.
4326.
4766.
4952.
5139.
5305.
5310.
5321.
5481.
5604.
5830.

18.4
20.1
21.2
23.2
23.8
24.5
24.9
24.6
24.3
24.5
24.6
25.1

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

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

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

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

22.7
24.9
26.6
29.5
30.7
31.4
31.9
31.3
30.6
30.4
30.1
30.2

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

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

1980-JAN
| 29758.
-FEB. ...| 30388.
30704.
-MAR...
-APR
I 31060.
-MAY
1 31295.
-JUN....| 31578.
-JUL....| 31777.
— AUG. * . . | 31776.
-SEP....| 31984.
-OCT....| 31938.
— NO V....| 31754.
-DEC....| 32289.

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

24.8
25.2
24.0
22.5
21.3
20.8
19.6
18.2
17.6
14.8
11.9
11.2

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

163.
164.
165.
167.
167.
167.
164,
162.
159.
156.
154.
154.

21422.
21825.
22030.
22204.
22278.
22356.
22432,
22339.
22414.
22316.
22104,
22455,

4884.
4949.
4763.
4439.
4128.
3867.
3586.
3239.
3045.
2429.
1768.
1530.

29.5
29.3
27.6
25.0
22.7
20. j
19.0
17.0
15.7
12.2
8.7
7.6

129.
130.
129.
127.
126.
124.
122.
120.
119.
117.
115,
116.

117.
118.
119.
119.
119.
118.
116.
114.
112.
109.
107.
107.

32424.
32668,
33243.
33787.
34003.
34309.
34709.
34869.
34969.
34880.
34841.
34658.

2666.
2280.
2540.
2728.
2707.
2731.
2931.
3093.
2985.
2942.
3087.
2369.

9.0
7.5
8.3
8.8
8.7
8.6
9,2
9.7
9.3
9.2
9.7
7.3

167.
167.
169.
170.
170.
170.
171.
170.
169.
167.
165.
163.

153.
154.
155.
154.
155.
155.
157.
157.
158.
159.
156.
152.

22548.
22673.
23034.
23400.
23599.
23887.
24187.
24380.
24485.
24379.
24348.
24077.

1126.
848.
1003.
1196.
1321.
1530.
1755.
2041.
2071.
2063.
2243.
1622.

5.3
3.9
4.6
5.4
5.9
6.8
7.8
9.1
9.2
9.2
10.1
7.2

116.
116.
117.
118.
118.
119.
119.
119.
118.
117.
115.
113.

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

1982-JAN....| 34163.
-FEB....| 33834.
— MAR....| 33723.
-APR....| 33493.
-HAY
| 33452.
-JUN....I 33576.
-JUL....i 33236.
-AUG....| 33285.
-SEP....| 33176.
-OCT
| 32902.
-NOV....| 32928.
-DEC....| 32547.
a-

1739.
1166.
480.
-295.
-550.
-734.
-1472.
-1584.
-1794.
-1978.
-1912.
-2111.

5.4
3.6
1.4
-.9
-1.6
-2.1
-4.2
-4.5
-5.1
-5.7
-5.5
-6.1

160.
158.
157.
,156.
156.
156.
155.
155.
155.
154.
155.
153.

149.
147.
147.
146.
146.
148.
147.
148.
147.
147.
146.
145.

23634.
23298.
23025.
22688.
22506.
22545.
22282.
22251.
22145.
21940.
21946.
21700.

1085.
624.
-9.
-712.
-1093.
-1342.
-1905.
-2129.
-2339.
-2439.
-2402.
-2377.

4.8
2.8
-.0
-3.0
-4.6
-5.6
-7.9
-8.7
-9.6
-10.0
-9.9
-9.9

111.
109.
107.
106.
105.
105.
104.
104.
104.
103.
103.
102.

103.
102.
100.
99.
99.
99.
99.
99.
98.
98.
97.
97.

1 977-JAN
1
-FEB.... |
-HAR....J
-APR.... 1
-HAY.
1
-JUN
|
—JUL....|
-AUG
|
-SEP
1
-OCT
|
-NOV
|
-DEC
1
1
1978-JAN
1
-FEB
|
-HAS
1
-APR....|
— MAI....|
-JUN....|
-JUL
|
— AUG..*.|
-SEP
|
-OCT....|
-NOV
1
-DEC....|
1
1979-JAM
1
—FEB....|
-HAR
|
-APR....|
-HAY
1
-JUN.* ... |
-JUL. ...J
-AUG....|
-SEP
1
-OCT. ... |
—NOV....|
-DEC....j

1981-JAN....J
-FEB....|
-MAR....|
-APR....|
-MAY
1
-JUN....|
-JUL....j
-AUG....|
-SEP....|
-OCT....|
-NOV....|
-DEC
1

• AVEBAGE LOANS OUTSTANDING DURING THE PRECEDING TWELVE MONTHS (AVERAGE OF EMD-OF-HONTH DATA).
"NEW LOANS" ABB COMPUTED AS LOANS HADE LESS BkNENALS.




BEMEWALS INCLUDE SOME MONAGBICULTUBAL LOANS (SEE NCTE ON fAGI 3).

TABLE 213.18
PRODUCTION CREDIT ASSOCIATIONS
RENEWALS AND COLLECTIONS
COLLECTIONS
| MILLIONS | PERCENTAGE CHANCE I
AS PERCENTAGE OF
MILLIONS J
I
OF
|
FROM PREVIOUS
I
OF
1
| COLLARS |
_| LOANS OUTLOANS
COLLECTIONS!
DOLLARS |
J
ll MONTH
_ X I M _ _1_ STANDING* — M A D K _ . -ii!D_BENEHiLSL
1
I
1975- JAN
|
645.
11.5
16.4
7.
41.
42.
893.
-FEB....|
612.
-5.0
28.7
6.
43.
50.
603.
-MAR....J
618.
.9
29.2
6.
42.
52.
573.
-APR....|
525.
-15.0
30.8
5.
36.
43.
701.
—MAY.•.a|
. 380.
-27.6
29.8
4.
30.
37.
636.
-JUN
1
281.
-26. 1
28.6
3.
23.
29.
686.
-JUL....J
279,
6
11.4
3.
25.
27.
756.
-AUG....|
245.
-12.3
11.6
2.
25.
25.
739.
-SEP
|
254.
3.5
10.8
2.
24.
22.
884.
-OCT.... |
324.
27.7
5.8
3.
26.
23.
1077.
-NOV....I
378.
16.7
1.4
4.
32.
29.
936.
-DEC
1
707.
87.1
22.3
7.
35.
41.
1019.

JPESCSNIAGjTctiANGE
FROM PREVIOUS

I
AS PER| CENTAGE OF
LOANS OUT~ « <!T1 MilTll/2*

MONTH

YkIb

8.7
-32.5
-5.0
22.3
-9.3
7.9
10.3
-2.3
19.6
21.8
-13.1
8.9

-10.4
.6
-5.5
18.0
20.2
44.4
24.4
15.6
37.9
16.6
11.3
24.0

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

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

4.3
-27.0
12.3
-4.6
-12.1
13.4
-12.7
6.4
" 15.9
18.2
14.9
-6.3

18.9
28.6
52. 1
18.7
15.0
20.8
-4.4
4.2
.9
-2.0
29.6
11.5

10.
7.
a.
7.
6.
7.
6.
6.
7.
9.
10.
9.

3.5
-25.5
14.7
-13.9
-7.4
1.6
-12.5
24.3
15.7
25.2
7.1
-1. 1

10.6
12.8
15.3
4. 1
9.6
-1.8
-1.6
14.9
14.7
21.4
13.2
19.5

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

1976-JAN.... |
-FEB....|
-MAR
|
-APR....|
-MAY
1
-JUN...,|
-JUL.... |
-AUG....|
-SEP
i
-OCT....1
-NOV....|
-DEC. ...|

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

8. 1
-7.5
7.9
-24.5
-32.0
-21.0
-14.1
6.2
-3.2
12. 2
51.1
70.3

18.5
15.4
23.3
9.5
2.8
10.0
-4.9
15.1
7.7
-5.4
22.5
11.5

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

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

1977-JAN
J
-FEB....|
-MAR.. . . |
-APR
1
—MAY....|
-JUN
|
-JUL...•1
-AUG
i
-SEP
1
-OCT
|
-NOV*... |
-DEC.... |

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

8.0
-3.4
7.7
-25.2
-32.3
-13.6
-24.8
3.7
6.8
1.3
50.8
69.3

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

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

38.

1175.
875.
1004.
865.
801.
814.
712.
884.
1023.
1281.
1372.
1357.

197 8-JAN
1
-FEB....J
— MAR..... |
—APR....|
-MAY
|
-JUN
|
-JUL....|
-AUG....|
-SEP
1
-OCT....|
-NOV
J
-DEC
|

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

5.2
-.7
10.9
-23.2
-27.9
-29. 1
*13.9
7. 1
-3.2
13.5
37.4
63.4

3.0
5.9
9.1
12.0
19.3
-2. 1
12.1
15.8
4.9
17.5
7.2
3.4

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

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

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

1402.
1002.
1265.
1081.
1097.
1014.
883.
1054.
1136.
1636.
1591.
1451.

3.3
-28.6
26.3
-14.5
1.5
-7.6
-12.9
19.4
7.8
44. 0
-2.7
-8.8

19.3 .
14.4
26.0
25.0
37.0
24.6
24.1
19.2
11. 1
27.7
16.0
6.9

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

1979-JAN
J
-FEB
|
-MAR....j
-APR.... |
-MAY
|
-JUN
|
-JUL
|
-AUG
|
-SEP
|
-OCT
|
-NOV
1
-DEC
|

1018.
972.
1052.
83 8.
593.
400.
389.
414.
372.
504.
628.
974.

18.0
-4.5
8.2
-20.3
-29. j
-32.6
-2.7
6.4
-10.2
35.7
2a. 6
55. 1

16.0
11.5
€.8
12.9
10.8
5.3
19.0
18.3
9.8
31.2
19.0
1J.9

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

38.
41.
36.
3.?.
25.
19.
20.
22.
20.
21.
25.
30.

37.
43.
42.
38.
30.
24.
24.
24.

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

17.4
-24.7
13.5
-5.8
-.5
-5.8
-1.8
1.7
1.8
46.2
-2.2
-4.3

21.4
28.0
15.0
26.7
24.2
26.7
42.8
21.7
15.0
16.8
17.4
23.2

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

1980-JAN
|
-FEB
1
-MAR... . . |
-APR....|
-MAY
1
-JUN
|
-JUL....j
-AUG
|
-SEP
|
-OCT
J
-NOV
|
-DEC
J

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

23.3
-.2
-3. 1
-12. 1
-26. 1
-20.0
-14.9
-1. 3
-.5
10.4
17.9
7C. 5

18.0
23.4
10.5
21.8
27.2
50.9
31.9
22.4
35.6
10-3
4.4
18.9

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

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

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

17.5
-27.3
-1.2
-6.2
5.0
1.4
8.2
-4.7
14.7
32.5
-16.7
8.4

23.4
19. 1
3.7
3.2
8.9
17.2
29. 1
20.9
36.2
23.4
5.2
19.2

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

1981-JAN
|
-FEB
|
— MAR....|
-APS....|
-MAY
|
-JUN....|
-JUL....|
-AUG
1
— SEP....|
-OCT
|
-NOV
|
-DEC
1

1243.
1319.
1376.
1199.
770.
621.
613.
474.
500.
572.
649.
1246.

7.4
6. 1
4. 4
-12. 9
-35.8
-19.3
-1.4
-22.7
5.5
14.5
13.4
92. 1

3.5
9.9
18-5
17.5
2. 1
3.0
19.4
-6.5
-.8
2.8
-1.1
7.6

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

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

2328.
1516.
1836.
1802.
1533.
1641.
1639.
1613.
1823.
2173.
2287.
2563.

9.3
-34.9
21. 1
-1.8
-14.9
7.0
-.1
-1.6
13.1
19.2
5.2
12.1

10.8
-.7
21.7
27.5
3.3
9.0
.6
3.9
2.4
-7.9
16.3
20.3

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

1982-JAN
1
-FEB
|
-MAR
1
-APR
|
-MAY
|
-JUN
|
-JUL....|
-AUG
|
-SEP....|
-OCT
1
-NOV
|
-DEC
1

1191.
1326.
1538.
1306.
911.
706.
536.
553.
497.
503.
669.
1110.

-4.4
11.3
16.0
-15. 1
-30.2
-22.5
-24. 1
3. 1
-10. 1
1.3
33.0
65.8

-4-2
.5
11.8
8.9
18.3
13.6
-12.5
16.7
-.6
-12.0
3.2
-10.9

6.
6.
8.
6.
4.
3.
2.
2.
2.
2.
3.
5.

39.
46.
42.
40.
33.
25.
24.
26.
24.
25.
29.
34.

2433.
1598.
1868.
1715.
1491.
1543.
1451.
1605.
1781.
2054.
2515.
2408.

-5.0
-34.3
16.9
-8.2
-13.1
3.5
-5.9
10.6
11.0
15.4
22.4
-4.2

4.5
5.4
1.8
-4. 8
-2.7
-6.0
-11.4
-.5
-2.3
-5.4
10.0
-6.0

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

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

28.

41.

42.
48.
47.
43.
36.
32.
29.
25.
24.

20.
26.

22.

21.

25.
35.
36.
44.
44.

42.
34.
29.
24.
25.

22.

19.
25.
35.
35.
47.
43.
40.
33.
27.
27.
23.

22.

21.

22.

33.
33.
45.
45.
43.
38.
31.
27.

26.

22.

20.

21.

32.

* LOANS OUTSTANDING Ax END OF PRECEDING MONTH.
RENEWALS AND COLLECTIONS INCLUDE SOME NONAGBICULTUBAL LOANS (SEE NOTE ON PAGE 3).




10
TABLE 213.20

PRODUCTION CBEDII ASSOCIATIONS
RENEWALS AND COLLECTIONS
SEASONALLY-ADJUSTED ANNUAL RATE
COLLECTIONS

RENEWALS
MONTH

MILLIONS |
OF
|
COLLARS |
1

PERCENTAGE CHANGE
FROM PREVIOUS

| MILLIONS |
OF
1
COLLECTIONS! DOLLARS |
AND RENEWALS!

AS PERCENTAGE OF

1
1
| LOANS OUT. 1 STANDING*

LOANS
MADS

PERCENTAGE CHANGE
FROM PREVIOUS
MONTH

. irn

|
AS PER| CENTAGE OF
1 LOANS OUTi__aTAPPi*9*_

MONTH

YEAR

-SEP....
-OCT. .. .
-NOV... .
-DEC....

4917.
5073.
4922.
5326.
5412.
5193.
5769.
5181.
5379.
5507.
5046.
5923.

1.9
3.2
-3.0
8.2
1.6
-4.0
11. 1
-10.2
3.8
2.4
-8.4
17.4

16.6
27.7
27.1
27.7
29.3
29.4
12.8
11.8
12.3
8.6
4.0
22.8

51.
51.
49.
53.
53.
50.
56.
50.
51.
52.
47.
55.

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

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

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

8835.
8401.
7224.
9364.
9199.
10126.
9976.
9799.
10858.
10342.
9173.
10700.

.9
-4.9
-14.0
29.6
-1.8
10.1
-1.5
-1.8
10.8
-4.8
-11.3
16.6

-11.6
-.6
-8.0
15.8
19.0
43.2
30.2
19. 1
39.3
17.5
11.7
22.2

91.
85.
72.
92.
90.
98.
96.
94.
103.
58.
86.
99.

1976-JAN. ...
-FEB....
...
-APR....
-MAX....
—JON. ....
—JUL.a..
— AUG... . .
-SEP....
"OCT....
-NOV....
-DEC....

5857.
5803.
5947.
5711.
5531.
5714.
5555.
5982.
5835.
5352.
6324.
6658.

-1. 1
-.9
2.5
-4.0
-3. 1
3.3
-2.8
7.7
-2.5
-8.3
18.2
5.3

19.1
14.4
20.8
7.2
2.2
10.0
-3.7
15.5
8.5
-2.8
25.3
12.4

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

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

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

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

10439.
10719.
10691.
10974.
10461.
12081.
9905.
10511.
11061.
10230.
11867.
11796.

-2.4
2.7
-.3
2.6
-4.7
15.5
-18.0
6.1
5.2
-7.5
16.0
-.6

18.2
27.6
48.0
17.2
13.7
19.3
-.7
7.3
1.9
-1. 1
29.4
10.2

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

1977-JAN. ...
—FEB....
-MAR....
— APR.....
-MAY....
-JUN
-JUL....
-AUG....
-SEP. . . .
-OCT....
-NOV....
-DEC....

6575.
6697.
6797.
6492.
6257.
7101.
6170.
6360.
6914.
5850.
6914.
7142.

-1.2
1.9
1.5
-4.5
-3. 6
13.5
-13. 1
3. 1
8.7
-15.4
18.2
3.3

12.3
15.4
14.3
13.7
13.1
24.3
11.1
6.3
18.5
9.3
9.3
7.3

53.
53.
54.
51.
48.
54.
46.
47.
50.
50.
52.

34.
33.
33.
32.
31.
34.
31.
32.
34.
31.
34.
36.

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

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

11482.
12015,
12126.
11416.
11279.
11715.
9970.
12313.
12851.
12450.
13442.
14089.

-2.7
4.6
.9
-5.9
-1.2
3.9
-14.9
23.5
4.4
-3.1
8.0
4.8

10.0
12. 1
13.4
4.0
7.8
-3.0
.7
17.1
16.2
21.7
13.3
19.4

93.
96.
96.
89.
87.
89.
75.
91.
94.
90.
47.
102.

1978-JAN. ...
-FEB....
—MAfi. . . .
-APE....
— MAY* ....
-JUN....

6837.
7030.
7344.
7152.
7375.
6826.
6914.
7296.
7232.
6982.
7614.
7502.

-4.3
2.8
4.5
-2-6
3.1
-7.4
1.3
5.5
-.9
-3.5
9.0
-1.5

4.0
5.0
8.0
10,2
17.9
-3.9
12.1
14.7
4.6
19.3
10.1
5.0

50.
52.
54.
52.
54.
50.
50.
51.
50.
48.
52.
50.

34.
33.
33.
33.
32.
30.
29.
29.
29.
27.
29.
31.

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

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

13564.
13728.
15170.
14286.
15279.
14441.
12441.
14847.
14384.
15981.
15614.
15077.

-3.7
1.2
10.5
-5.8
7.0
-5.5
-13.8
19.3
-3.1
11. 1
-2.3
-3.4

18. 1
14.3
25. 1
25.1
35.5
23.3
24.8
20.6
11.9
28.4
16.2
7.0

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

-SEP....
-OCT....
-NOV....
-DEC....

8010.
7830.
7977.
7920.
8026.
7028.
8181.
8505.
7902.
9279.
9312.
8619.

6.8
-2.2
1.9
-.7
1.3
-12.4
16.4
4.0
-7.1
17.4
.4
-7.4

17.2
11.4
8.6
10.7
8.8
3.0
18.3
16.6
9.3
32.9
22.3
14.9

53.
51.
52.
51.
51.
44.
50.
52.
47.
54.
53.
48.

30.
30.
30.
29.
28.
25.
27.
28.
27.
27.
28.
29.

33.
31.
31.
30.
30.
28.
32.
32.
32.
33.
34.
32.

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

16275.
17675.
17483.
18084.
18893.
18175.
17767.
18083.
16662.
18656.
1836 a.
18631.

7.9
8.6
-1.1
3.4
4.5
-3.8
-2.2
1.8
-7.9
12.0
-1.5
1.4

20.0
28.8
15.2
26.6
23.7
25.9
42.8
21.8
15.8
16.7
17.6
23.6

107.
115.
113.
116.
119.
113.
109.
110.
100.
109.
105.
104.

1980-JAN....
-FEB....
-MAR....
"APR. ...
-MAY....
-JUN....
—JUL....
-AUG....
-SEP....
-OCT....
-NOV....
-DEC....

9538.
9670.
8831.
9450.
10057.
10382.
10684.
10297.
10693.
10283.
9939.
10359.

10.7
1. 4
-8.7
7.0
6.4
3.2
2.9
-3.6
3.9
-3.8
-3.3
4.2

19.1
23.5
10.7
19.3
25.3
47.7
30.6
21.1
35.3
10.8
6.7
20.2

52.
52.
46.
49.
52.
53.
54.
53.
55.
53.
51.
53.

28.
2930.
30.
32.
33.
33.
33.
32.
30.
32.
30.

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

| 19880.
| 21235.
| 18249.
| 18562.
| 20661.
| 21147.
| 22889..
1 21797.
| 22645.
| 23097.
| 19368.
| 22130.

6.7
6.8
-14.1
1.7
11.3
2.4
8.2
-4.8
3.9
2.0
-16.1
14.3

22.2
20.1
4.4
2.6
9.4
16.3
28.8
20.5
35.9
23.8
5*4
18.8

108.
113.
96.
96.
106.
108.
117.
111.
116.
118.
100.
113.

1981-JAN....
—FEB.* . .
-APR....
—MAY....
-JUN....
-JUL....
— AUG....
-SEP....
-OCT
-NOV
-DEC....

9933.
10676.
10501.
10952.
10152.
10505.
12663.
9554.
10610.
10633.
9995.
11213.

-4. 1
7.5
-1.6
4.3
-7.3
3.5
20.5
-24.6
11. 1
.2
-6.0
12. 2

4.1
10.4
18.9
15.9
.9
1.2
18.5
-7.2
-.d
3.4
.6
8.2

50.
53.
51.
52.
48.
49.
59.
44.
49.
49.
46.
51.

28.
30.
30.
30.
30.
30.
33.
28.
31.
33.
32.
34.

31.
33.
32.
32.
32.
31.
35.
30.
31.
33.
31.
30.

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

21862.
21269.
22416.
23587.
21507.
22909.
23019.
22580.
23112.
21368.
2* 517.
26548.

-1.2
-2.7
5.4
5.2
-8.8
6.5
.5
-1.9
2.4
-7.5
5.4
17.9

10.0
.2
22.8
27. 1
4. 1
8.3
.6
3.6
2.1
-7.5
16.3
20.0

109.
105.
108.
113.
102.
107.
107.
104.
106.
58.
103.
122.

1982-JAN
-FEB,. ...
-MAR....
-APR....
-MAY
-JUN....
-JUL....
-AUG....
-SEP...-OCT....
-NOV
-DEC

9540.
10726.
11769.
11844.
1-1979.
11809.
11034.
11145.
10533.
9372.
10431.
9996.

-14.9
12.4
9.7
.6
1. 1
-1.4
-6. 6
1.0
-5.5
-11.0
11.3
-4. 2

-4.0
.5
12. 1
8.1
18.0
12.4
-12.9
16.7
-.7
-11.9
4.4
-10.9

44.
51.
56.
56.
57.
56.
52.
52.
49.
44.
49.
48.

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

30.
32.
34.
35.
36.
35.
35.
33.
32.
32.
30.
29.

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

22750.
22516.
22945.
22425.
21082.
21464.
20326.
22431.
22461.
20323.
24782.
24846.

-14.3
-1.0
1.9
-2.3
-6.0
1.8
-5.3
10.4
.1
-9.5
21.9
.3

4. 1
5.9
2.4
-4.9
-2.0
-6. 3
-11.7
-.7
-2.8
-4.9
10. 1
-6.4

106.
106.
109.
107.
100.
102.
96.
105.
105.
55.
116.
118.

1975-JAN....
-FEB,...
"BiB«•••
— APB-* * *
-MAY
-JUN.e••

— AUG....
—SEP. ....
-OCT. . . .
-NOV....
— DEC. ...
1979-JAN....
-MAR....
—APR*.«.
-MAY....
-JUN....

K2.

1

* SEASONALLY-ADJUSTED LOANS OUTSTANDING AT END Of PRECEDING MONTH.
RENEWALS AND COLLECTIONS INCLUDE SOME NCNAGRICULTURAL LOANS (SEE NOTE ON PAGE 3).




11
TABLE

PRODUCTION CREDIT ASSOCIATIONS
RENEWALS AND COLLECTIONS
TWELVE-HONTH MOVING TOTAL

213.30

COLLECTIONS

YEAR
ENDING—

MILLIONS
OF
DOLLARS

CHANGE FROM
PREVIOUS YEAR

|
|
I MILLIONS
I
OF
L-_DCLLUJS_

PERCENT

AS
|
|

PERCENTAGE

LOANS OUTSTANDING*

LOANS
MADE

OF
COLLECTIONS
AND RENEWALS

MILLIONS
OF
DOLLARS

1975-JAN
J
-FEB....|
-MAR
1
-APR....|
-MAY
|
-JUN
|
-JUL....J
-AUG
|
-SEP
|
— O C T . .. • . |
-NOV
|
-DEC
1

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

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

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

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

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

35.
36.
37.
37.
37.
37.
37.
37.
36.
36.
35.
36.

8170.
8173.
8140.
8247.
8354.
8565.
8713.
8813.
9056.
9209.
9304.
9501.

1976-JAN
1
-FEB
|
-MAR
1
-APR....J
-MAY....|
-JUN....|
-JUL. ... |
-AUG....|
-SEP....|
1
|
|

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

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

20.1
18.6
18.2
1 6 .2
14.4
13.5
12.6
12.7
12.6
11.8
13.4
12.1

52.
52.
53.
53.
53.
52.
52.
51.
51.
50.
50.
51.

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

36.
36.
36.
36.
35.
35.
35.
35.
35.
35.
35.
35.

9670.
9843.
10142.
10272.
10367.
10510.
10477.
10508.
10516.
10494.
10771.

1977-JAN
|
-FEB.... |
-MAR.... |
-APR.... |
-MAY.,..|
-JUN....|
-JUL. ... |
-AUG....|
- S E P . * *.J
- O C T . ... |
-NOV
1
-DEC....|

5974.
6090.
6214.
6301.
6359.
6438.
6463.
6484.
6533.
6554.
6584.
6630.

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

11.3
11.5
10.8
11.4
12.2
13.0
13.8
13.4
13.9
14.6
13.4
12.6

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

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

35.
35.
36.
36.
36.
36.
36.
36.
36.
36.
36.
35.

11001.

11323.
11311.
11426.
11557.
11783.
11943.
12164.

1978-JA&
|
-FEB
|
-MAR.... |
-APE
|
-MAY
1
-JUN
|
-JUL
|
-AUG.... |
«"SEP.... |
—OCT.... |
-NOV
|
-DEC....|

6656.
6704.
6785.
6864.
6951.
6942.
6978.
7025.
7041.
7098.
7134.
7162.

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

11.4
10. 1
9.2
8.9
9.3
7.8
8.0
8.4
7.8
8.3
8.4
8.0

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

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

35.
35.
35.
35.
34.
34.
34.
34.
34.
33.
33.
33.

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

1979-JAN. ... |
-FEB.... |
-MAR.... |
-APR
1
-MAY
|

647.
699.
703.
719.
691.
719.
746.
762.
779.
842.
907.
990.

9.7
10.4
10.4
10.5
9.9
10.4
10.7
10.8
11.1
11.9
-.2.7
13.8

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

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

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

14914.
15195.
15385.
15673.
15939.

-SEP....|
—OCT....|
— NOV. ... |
-DEC....1

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

1980-JA N
|
-FEB
\
-MAR
|
-APR.... |
-MAY
|
-JUN
|
-JUL
1
-AUG....|
-SEP....1
-OCT
|
-NOV
|
-DEC....|

8336.
8563.
8673.
8856.
9017.
9221.
9345.
9438.
9570.
9622.
9650.
9834.

10 3 3 .
1160.
1185.
1272.
1376.
1559.
1621.
1650.
1749.
1682.
1609.
1682.

14.2
15.7
15.8
16.8
18.0
20.4
21.6
21.2
22.4
21.2
20.0
20.6

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

1981-JAN

1

-FEB

|

9875.
9995.

1540.
1432.
1536.
1532.
1386.
1201.
1177.
1051.
915.
878.
843.
747.

18.5
16.7
17.7
17.3
15.4
13.0
12.6
11.1
9.6
9.1
8.7
7.6

654.
542.
489.
417.
542.
609.
433.
545.
546.
461.
439.
265.

6.6
5. 4
4.8
4.0
5.2
5.8
4. 1
5.2
5.2
4.4
4.7
2.5

-OCT
-NOV
-DEC

-JUN....|
-JUL

|

-AUG....1

ft. ..1.0 2|0 9 .

" At H. . . e I 1 0 3 8 3 -MAY....| 1 0 4 0 4 .
-JON
| 10422.
10522.
-JUL....J
-AUG. . . . | 10489.
-SEP
i 10485.
-OCT
|
10501.
10493.
-NOV....|
-DEC
|
10581.
1 982-JAN
-FEB

|
.|

10529.
10536.
10698.
-MIR....|
10805.
-APS
I
-MAY
1 10946.
11031.
-JUN....|
-JUL
{ 10955.
-AUG
1 11034.
-iiEP. . . . j 1 1 0 3 1 .
10962.
-OCT....j
-NOV
| 10982,
-DEC
J
10847.

1
|
I MILLIONS
J
OF
1—DCLLABS,

10888.
11101.
11234.

11268.

11338.

AVERAGE LOANS

RENEWALS

AND




OUTSTANDING

COLLECTIONS

DURING

INCLUDE

THE

SOME

PRECEDING

45.
-34.

|

PERCENT

10.2
11.8

92.
91.
89.
88..
68.
89.
89.
89.
9191.

14. 1
14.8

92.

.5
-.4

-101.

-1.2

-113.
33.
297.
547.
673.
838.
972.
1151.

-1.4
. 4
3.6
6.7
8.3

1228.

1501.
1670.

2002.
2025.
2013.
1945.
1763.
1695.
1460.
1285.
1467.
1387.
1331.
1258.
1092.
996.
971.
813.
835.
918.
1041.
1289.
1172.
1276.

PERCENTAGE

J LOANS OUT|
STANDING*

18.4
20.4
24.6
24.6
24. 1
22. 7

20.2
19.2

16. 1
14.0
15.8
14.6
13.8
12.8
10. 8
9.7
9.4
7.7

8.0

8.7
9.9
12.3
10.9
11.7

51.

93.
94.
96.
96.
S6.
97.
55.
95.
94.
52.
94.
94.
94.
94.
94.
93.
93.
S2.
90.
90.
90.
91.
91.
92.

1389.
1416.
1544.
1726.
1953.

12.6
12.8

2351.
2406.
2388.
2517.
2577.
2450.

20.8
21.1

20.4
21.4
20.4

106.
106.

19.9.

107.
107.

16588.
16817.
16988.
17263.
17540.
17877.

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

29.
29.
2929.
30.
30.
30.
30.
30.

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

18275.
18520.
18573.
18617.
1873S.
18960.
19327.
19596.
20068.
20516.
20613.
20955.

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

30.
31.
3131.
31.
30.
30.
30.
3030.
30.
31.

32.
32.
32.
32.
32.
32.
32.
32.
32.
32;
32.
32.

21183.
21171,
21499.
21887.
21935.
22071.

49.
49.
50.
50.
51.
51.
51.
52.
52.
51.
52.
51.

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

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

29*

28.
29.

28.
28.
28.

28.
28.

16210.

TWELVE

NONAGRICULTURAL

MONTHS

LOANS

( A V E R A G E OF

(SEE

NOTE

ON

21.6

20.

1

20.6
20.2

100.
100.
101.

103.
104.
104.
105.

108.

3360.
3325.
3188.
2944.
2799.
2750.
2739.
2778.
3080.
3253.
3073.
3079.

22.5
21.9
20.7

110.
110.
108.

22141.
22185.
21999.
22320.
22753.

2908.
2652..
2926.
3270.
3197.
3111.
2753.
2546.
2117.
1483.
1708.
1798.

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

8.6

107.

22858.
22940.
22973.
22885.
22843.
22745.
22558.
22550.
22507.
22389.
22617.
22463.

1675.
1769.
1474.
998.
908.
674.
477.
408.
322.
390.
297.
-290.

7.9
8.4
6.9
4. 6
4. 1
3. 1

107.
107.
107.

22081.

3) .

20.7
21.4

93.
93.
95.
96.
97.
99.

22.3

END-OF-MONTH

PAGE

2168.

13.7
15.3
17.2
19. 1

109.
109.
109.
109.
109.
110..

1_
*

C H A N G E FROM
P R E V I O U S YEAR

DATA).

21.4
6

21.

21.8

20.7

20.8

18.8

17.6
17.0
16.5
16.5

18.1
18.8

17.5
17.2

2.2

107.

106.

105.
105.
105.
107.

108.

107.

108.

109.

108.

109.

110.
110.
110.

109,

108.

107.
105.

106.

106.
1C6.

106.

1.8
1.5

105.
105.
105.

1,3
-1.3

106.
106.

1.8

105,.

12
T A B L E 2 2 1 . 1M
FEDERAL LAID BANKS
LOANS OUTSTANDING
RUBBER

AHOUNT
END CF
HO N T H

1
|
|.

1
1
1
1975-JAN
1
-FEB....|
-HAR....|
"APR....|
-MAY....|
-JUN
1
-JOL....I
-AUG
1
-SEP....|
-OCT
|
-NOV....|
-DEC
|

MILLIONS
END OF
HONTH

OF

DOLLARS

'

1

| " C H A N G E FROH" P R E V I O B S |
|
1
YEAR
1
MONTH
1

PERCENTAGE CHANGE
FROH PREVIOUS
HONTH

YEAR

1
1
THOUSANDS|
1

#

A V E R A G E; S I Z E

OF LOANS

PERCENTAGE CHANGE
FROM PREVIOUS
DOLLARS

PERCENTAGE
CHANCE
FROM
PREVIOUS
YEAR

HONTH

YEAR

3.8
4.1
4,2
5.0
4.2
4.1
4.0
3.8
3.6
3.5
3.3
3.2

31758.
32156.
3*711.
33190.
33627.
31061.
34420.
34767.
35112.
35516.
35797.
36166.

18.5
18.6
18.6
17.6
18.1
17.8
17.1
16.7
16.3
16.1
15.5
15.4

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

36533.
36895.
37522.
37998.
38389.
38832.
39246.
39581.
39924.
40267.
40662.
41088.

14.7
14.7
14.5
14.2
14.0
14.0
13.8
13.7
13.4
13.6
13.6

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

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

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

1.5
1.6
2.2
1.8
1.7
1.7
1.4
1.2
1.2
1.2
.8
1.1

23.0
23.4
23*7
23.5
23.1
22.7
21.8
21.1
20.5
20.2
19.4
19.0

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

.2
.4
.4
.4
.4
.4
.3
.2
.2

1976-JAN
|
-FEB
1
-MAS
1
—APR....|
- N A Y . ... |
-JON.... |
-JUL
1
-AUG....1
-SEP....I
- O C T . .. - . |
-NOV....1
- D E C . . . .|

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

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

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

1.1
1. 1
2.0
1.5
1.3
1.4
1.3
1.0
1.0
.9
1.0

18.6
17.9
17.8
17.3
16.8
16.5
16.4
16. 1
15.9
15.5
15.7
15.7

443.2
443.7
445-1
446.8
447.0
448.2
449.0
449.9
450.4
450.7
450.6
450.8

.1
.1
.3
.2

1977-JAN. ... |
-FEB.... |
-HAB
|
-APR....|
-JUK.I..I
•JUL.... |
-AUG.... I
-SEP....|
-OCT....|
-NOV...
-DEC
1

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

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

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

.9
1.2
2.2
1.5
1.5
1.4

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

450.9
451.5
452,9
453.8
454.8
456.0
457.0
457.8
458.6
459.1
459.2
459.5

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

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

41457.
41909.
42684.
43243.
41792.
44273.
44732.
45124.
45519.
45868.
46289.
46714.

13.5
13.6
13.8
13.8
14.1
14.0
14.0
14.0
14.0
13.9
13.8
13.7

1978-JAN....|
-FEB....|
-HAR....|
—APR....|
-HAY....|
-JON....|
—JOL....|
— AOG....|
-SEP...-I
-OCT....|
-NOV....J
-DEC
1

21672.
21896.
22234.
22481.
22807.
23131.
23395.
23678.
23939.
24211.
24461.
24668.

206.
224.
338.
247.
326.
324.
264.
283.
261.
272.
250.
207.

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

1.0
1.0
1.5

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

.1

1.2
1. 1
1.1
1.0
.8

13.9
15.7
15,0
14.6
14.5
14.6
14.5
14.6
14.7
15.0
15.1
14.9

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

2.0
2.0
1.9
1.8
1.8
1.9
2.0
2.1
2.1
2.3
2.4
2.5

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

13.3
13.5
12.9
12.6
12.5
12.5
12.3
12.3
12.3
12.4
12.4
12.1

1979-JAN....|
-FEB....|
— H A R a ...|
-APR....|
-HAY
1
-JON.... |
-JOL....|
-AOG* ... |
-SEP....|
-OCT
|
-NOV. ... |
-DEC....|

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

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

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

1.6
1.2
1.9
1.7
1.9
1.8
1.5
1.6
1.2
1.5
1.4
1.6

15.6
15.8
16.3
17.0
17.4
17.9
18.2
18.7
18.8
19.2
19.6
20.5

472.5
473. 8
476.0
477.8
480.0
482.4
484.6
486.9
488.7
490.9
492.4
494.9

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

2.8
2.9
3.2
3.5
3.6
3.8
4.0
4.2
4.3
4.5
4.7
5.0

53020.
53522.
54304.
55030.
55793.
56510.
57070.
57716.
56171.
58793.
59419.
60063.

12.5
12.5
12.7
13.0
13.3
13.5
13.7
13.9
13.8
14.0
14.2
14.7

1980-JAN
1
-FEB
|
—MAR.... |
— APR. ... J
-HAY
|
-JON
|
-AOG
|
-SEP
|
- O C T . . . .|
-NOV....|
-DEC
1

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

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

5215.
5482.
5752.
6130.
6373.
6420.
6510.
6403.
6422.
6377.
6296.
6307.

1.8
1.9
2.5
2.6
2.2
1.6
1.4
1.0
1.0
1. 1
.9
1.3

20.8
21.6
22.3
23.3
23.8
23.6
23.5
22.8
22.6
22.1
21.5
21.2

497.6
500.3
504.1
508.7
512.7
515.6
517.8
519.4
52T.0
522.7
523.8
525.8

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

5.3
5.6
5.9
6.5
6.8
6.9
6.9
6.7
6.6
6.5
6.4
6.2

60831.
61643.
62687.
63744.
64665.
65323.
65980.
66434.
61)892.
67409.
67873.
68525.

14.7
15.2
15.4
15.8
15.5
15.6
15.6
15. 1
15.0
14.7
14.2
14. 1

1981-JAN
|
-FEB
|
-HAR....|
-APR
1
-MAY
|
-JUN
|
-JOL
|
-AUG
|
-SEP
|
-OCT....|
-NOV
1
-DEC
|

36594.
37188.
38030.
38818.
39568.
40280.
40969.
41516.
42103.
42702.
43212.
43658.

562.
594.
842.
789.
749.
713.
689.
547.
586.
599.
510.
446.

6326.
6348.
6426.
6394.
6413.
6599.
6802.
7010.
7250.
7467.
7658.
7626.

1.6
1.6
2.3
2.1
1.9
1.8
1.7
1.3
1.4
1.4
1.2
1.0

20.9
20.6
20.3
19.7
19.3
19.6
19.9
20.3
20.8
21.2
21.5
21.2

528.3
530.8
534.7
538.1
541.5
545.1
548.3
551.2
554.4
557.3
559.5
561.4

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

6.2
6.1
6.1
5.8
5.6
5.7
5.9
6.1
6.4
6.6
6.8
6.8

69273.
70060.
71119.
72141.
73064.
73899.
74723.
75316.
75949.
76626.
77230.
77762,

13.9
13.7
13.4
13.2
13.0
13.1
13.3
13.4
13.5
13.7
13.8
13.5

1982-JAN
1
-FEB....|
—HAR....|
-APR
|
-HAY
1
-JON
|
-JOL
|
-AOG
1
-SEP....|
-OCT
1
-NOV
|
-DEC.
1

44063.
44462.
45074.
45506.
45895.
46316.
46583.
46817.
46954.
47088.
47206.
47282.

405,.
399.
612.
432.
389.
421.
267.
235.
137.
134.
118.
75.

7469.
7274.
7044.
6687.
6327.
60355613.
5301.
4851.
4386.
3994.
3624.

.9
.9
1.4
. 1-0
.9
.9
.6
.5
.3
.3
.3
.2

20.4
19.6
18.5
17.2
16.0
15.0
13.7
12.8
11.5
10.3
9.2
8.3

563.1
564.6
566.9
568. 8
570.6
572.5
573.9
575.0
575.7
576.0
575.8
575.4

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

6.6
6.4
6.0
5.7
5.4
5.0
4.7
4.3
3.8
3.3
2.9
2.5

78256.
76757.
79503.
80007.
80436.
80900.
81171.
81417.
81564.
81757.
81980.
82170.

13.0
12.4
11.8
10.9
10.1
9.5
8.6
8.1
7.4
6.7
6.2
5.7

1

1..




1. 1

it.2

1. 1
1.0
.9
1.0
1.0

1. 1
1.4
1.4

1. 1

.1
.0
.1

.£

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

is.e

TABLE 221.2%

FEDERAL
ND BANKS
LOANS OUTSTANDING
SEASONALLY ADJUSTED DATA
NUMBER OF LOANS
MILLIONS OF DOLLARS

END OF
MONTH

I CHANGE FROM PREVIOUS
I
t

MONTH

MONTH
(SAAB)

YEAR

MONTH
fSAAR)

1975-JAN
1
13744.
-FEB.... 1
13983.
I 14205.
-APR.
I 14431.
-MAY
1 14650.
-JUN.... I . 14865.
-JUL.... I 15063.
-AUG
I
15265.
-SEP.... 1 15472.
-OCT....
15702.
-NOV
15870.
-DEC
I 16091.

3002.
3156.
2911.
2971.
2857.
2796.
2555.
2610.
2678.
2997.
2144.
2859.

2569.
2653.
2714.
2743.
2744.
2745.
2695.
2659.
2634.
2 640.
2579.
2575.

22.2
23.0
20.8
20.9
19.8
19.1
17.2
17.3
17.5
19.4
13.7
18.0

1976-JAN
-FEB
-MAR....
-APR. . . .
-MAY
-JUN....
-JUL....
-AUG
-SEP
-OCT....
-NOV
-DEC....

16298.
16494.
16725.
16929.
17105.
17310.
17524.
17726.
17933.
18142.
18368.
18621.

2670.
2508.
2998.
2617.
2235.
2641.
2749.
2572.
2652.
2686.
2897.
3285.

2554.
2511.
2520.
2497.
2454.
2445.
2461.
2461.
2461.
2441.
2498.
2531.

16.6
15.4
18.2
15.6
13.2
15.4
15.9
14.7
15.0
15.0
16.0
17.9

1977-JAN
-FEB
1
—MAR....
-APR....
-MAY....|
-JUN
-JUL
|
-AUG
|
-SEP
|
-OCT....|
-NOV
|
-DEC
|

18822.
19067.
19355.
19596.
19845.
20072.
20322.
20564.
20823.
21059.
21323.
21590.

2550.
3160.
3764.
3092.
3216.
2891.
3217.
3110.
3333.
3012.
3392.
3437.

2524.
2573.
2630.
2667.
2741.
2761.
2797.
2839.
2891.
2917.
2955.
2969.

13.7
16.8
19.7
16.0
16.4
14.6
16.0
15.3
16.2
14.5
16. 1
16. 1

1978-JAN
1
-FEB
|
-MAR
1
-APR.,. . . j
-MAY....J
-JUN....|
-JUL....j
—AUG....|
-SEP
|
-OCT
|
-NOV
|
-DEC
|

21826.
22063.
22258.
22437.
22712.
22983.
23252.
23573.
23892.
24222.
24543.
24819.

3007.
3025.
2455.
2247.
3533.
3470.
3442.
4155.
4129.
4280.
4146.
3519.

3004.
2997.
2903.
2842.
2867.
2912.
2930.
3008.
3069.
3163,
3220.
3229.

1979-JAN
l
-FEB
|
-MAR
I
-APE
|
-MAY....|
-JUN
|
-JUL....|
-AUG
|
-SEP
1
-OCT
|
-NOV
|
-DEC
|

25234.
25549.
25878.
26235.
26660.
27076.
27483.
27985.
283 92.
28889.
29374.
29930.

5461.
4059.
4236.
4624.
5574.
5445.
5316.
6662.
5293.
6560.
6381.
7414.

1980-JAN
|
-FEB
|
-MAR....|
-APR
|
-MAY
|
-JUN.... |
-JUL
|
-AUG
1
-SEP
|
-OCT
J
-NOV
1
-DEC
|

30476.
31057.
31628.
32339.
32988.
33440.
33942.
34355.
34801.
35259.
35673.
36250.

1981-JAN
-FEB
-MAR
-APR
-MAY
-JUN
-JUL
-AUG
-SEP
-OCT
-NOV
-DEC.

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

1982-JAN
|
-FEB
|
-MAR
1
-APR
|
-MAY
1
-JUN....j
-JUL
|
-AUG
|
-SEP
|
-OCT
J
-NOV
.J
-DEC
1
I..




1
i

PERCENTAGE CHANGE
FROM PREVIOUS

AVERAGE SIZE

PERCENTAGE CHANGE
FROM PREVIOUS
DOLLARS

PERCENTAGE
CHANGE
FROM
PfiEVICUS
YEAR

MONTH
-JSiMl.
431.0
432.8
434.1
435.6
437.0
438.0
439.2
440. 1
441.0
441.8
442.5
443.3

4.0
4.9
3.8
4. 1
3.8
2.9
3.3
2.4
2.6
2.2
2.0
2.0

3.8
4.1
4.2
5.0
4.2
4.1
4.0
3.8
3.6
3.5
3.3
3-2

31885.
32309.
32720.
33131.
33528.
33938.
34297.
34689.
35085.
35543.
35865.
36302.

18.5
18.6
18.6
17.6
18.1
17.6
17. 1
16.6
16.3
16.2
15.6
15.4

444.2
444.9
445.7
446.4
447.0
447.6
448.2
448.9
449.5
450. 1
450.7
451.4

2.7
1.7
2.3
2.0
1.5
1.6
1.7
1.9
1.6
1.6
1.6
1.9

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

36689.
37076.
37524.
37920.
36265.
38676.
39100.
39486.
39896.
40308.
40755.
41253.

15.1
14.6
14.7
14.5
14.1
14.0
14.0
13.8
13.7
13.4
13.6
13.6

15.9

452.0
452.7
453.5
454.2
454.7
455.4
456.1
456.9
457.7
458.6
459.5
460.2

1.5
2.0
2.0
1.9
1.5
1.7
1.8
2.1
2.3
2.2
2.4
1.8

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

41645.
42117.
42683.
43145.
43641.
44076.
44558.
45013.
45493.
45923.
46408.
46918.

13.5
13.6
13.7
13.8
14.0
14.0
14.0
14.0
14.0
13.9
13.9
13.7

13.9
13.9
11. 1
10. 1
15.7
15.3
15.0
17.9
17.5
17.3
17.1
14.3

16.0
15.7
15.0
14.5
14.4
14.5 .
14.4
14.6
14.7
15.0
15. 1
15.0

460.9
461.6
461.9
462.0
462.9
463.8
465.0
466.3
467.7
469.1
470.6
471.8

1.8
2.0
.6
.5
2.4
2.4
3.0
3.4
3.6
3.7
3.9
3.2

2.0
2.0
1.9
1.7
1.8
1.9
2.0
2*1
2.2
2.3
2.4
2.5

47359.
47794.
48192.
48562.
49061.
49549.
50005.
50553.
51085.
51635.
52154.
52600.

13.7
13.5
12.9
12.6
12.4
12.4
12.2
12.3
12.3
12.4
12.4
12.1

3408.
3486.
3620.
3798.
3947.
4093.
4231.
4 412.
4500.
4667.
4830.
5111.

22.0
16. 1
16.6
17.9
21.2
20.4
19.v
24.2
18,. 9
23.2
22. 1
25.2

15.6
15.8
16.3
16.9
17.4
17.8
18.2
18.7

473.6
475.1
476.5
*78.0
479.7
481.5
483.7
486. 1
488.2
490.6
492.9
495.8

4.7
3.7
3.7
3.7
4.6
4.6
5.4
6. 1
5.3
6.3
5.7
7.3

2.8
2.9
3.2
3.4
3.6
3.8
4.0
4.2
4.4
4.6
4.7
5.1

53276.
53778.
54306.
54891.
55572.
56227.
56823.
57574.
58159.
56880.
59589.
60362.

12.5
12.5
12.7
13.0
13.3
13.5
13.6
13.S
13.8
14.0
14.3
14.8

7247.
7763.
7586.
967 2.
8703.
5850.
6552.
5301.
5749.
5910.
53 03.
7576.

5242.
5508.
5750.
6104.
6328.
6364.
6459.
6370.
6409.
6370.
6299.
6320.

24.2
25.5
24.4
30.6
26.9
17-7
19.6
15.6
16.7
17.0
15.0
21.2

36882.
37477.
38081.
38726.
39373.
39988.
40693.
41337.
42048.
42737.
43358.
43924.

8351.
7815.
7925.
8498.
8526.
8038.
9335.
8433.
9395.
9051.
8077.
7296.

6406.
6420.
6453.
6387.
6385.
6548.
6 751.
6982.
7247.
7478.
7685.
7673.

23.0
21.2
21. 1
22.3
22.0
20.4
23.3
20.7
22.7
21.5
18.9
16.8

44414.
44811.
45133.
45392.
45665.
45977.
46267.
46626.
46910.
47147.
47385.
47591.

6252.
5012.
4026.
3197.
3394.
3881.
3600.
4505.
3520.
2928.
2939.
2525.

75 32.
7334.
7052.
6666.
6292.
5989.
5573.
5289.
4861.
4410.
4027.
3667.

14.2
11.3
9.0
7. 1
7.5
8.5
7.8
9.7
7.5
6.2
6.2
5.3

23.0
23.4
23.6
23.5
23.0

22.6

21.8
21. 1
20.5

20.2

19.4
19.0

18.6
18.0
17.7
17.3

16.8

16.4
16.3
16. 1
15.9
15.5
15.7
15.7
15.5
15.6
15.7
15.8
16.0
16.0
16.0
16.0

16.1
16. 1

16.1

18.8

19.3
19.7

20.6
20.8
21.6

22.2
23.3
23.7
23.5
23.5

22-8

22.6
22.0
21.4

21.1

21.0
20.7
20.4
19.7
19.4
19.6
19.9
20.3

20.8

21.2
21.5

21.2

20.4
19.6
18.5
17.2

16.0

15.0
13.7

12.8

11.6
10.3
9.3
8.3

498.6
501,5
504.5
508.6
512.2
514.6
516. 7
518.4
520.3
522.3
524. 1
526.3

6.8
7.3
7.3
10.4
8.9
5.6
5.2
4.0
4.4
4.7
4.2
5.3

5.3
5.6
5.9
6.4
6.8
6.9
6.8
6.7
6.6
6.4
6.3
6.1

61127.
61928.
62696.
63581.
64399.
64986.
65686.
66270.
66889.
6 7512.
66071.
66874.

14.7
15.2
15.4
15.6
15.9
15.6
15.6
15.1
15.0
14.7
14.2
14. 1

529.8
532.5
535.4
538.2
541. 1
544.0
547. 1
550.2
553.6
556.9
559.8
561.9

8.3
6.3
6.7
6.5
6.7
6.5
7.1
7.1
7.7
7.3
6.5
4.7

6.3
6.2
6.1
5.8
5.6
5.7
5.9
6.1
6.4
6.6
6.8
6.8

69613.
70377.
71127.
71952.
72763.
73513.
74383.
75131.
75951.
76746.
77455.
78165.

13.9
13.6
13.4
13.2
13.0
13. 1
13.2
13.4
13.5
13.7
13.8
13.5

564.8
566.4
567.7
568.9
570.1
571.3
572.6
574. 1
575. 1
575.7
576.3
576.2

6.2
3.6
2.6
2.6
2.6
2.6
2.9
3.0
2.1
1.4
1.2
-.3

6.6
6.4
6.0
5.7
5.4
5.0
4.7
4.3
3.9
3.4
3.0
2.5

76642.
79113.
79509.
7S792.
80103.
80479.
80,794.
81220.
81570.
81889.
82218.
82597.

13.0
12.4
11.8
10.9
10. 1
9.5
8. 6
8. 1
7.4
6.7
6.1
5.7

14
TABLE 222.1H

FEDERAL LAND BANKS
10ANS CLOSED
|
PERCENTAGE CHANGE
FROM PREVIOBS

MILLIONS OF DOLLARS
CLOSED
IN
MONTH

| CHANGE FBOH PREVIOUS

t_
1

MONTH

YEAR

I
1975-JAN
1
-FEB. .. • . |
-HAH....|
—APR....|
-BAY
|
-JON
|
-JUL....|
— AO G . |
-SEP....|
-OCT
1
-NOV
|
-DEC
1

398.
347.
439.
397.
379.
373.
331.
288.
311.
320.
262.
375.

61.
-51.
92.
-43.
-18.
-7-42.
-43.
22.
9.
-57.
113.

65.
94.
95.
53.
18.
32.
-41.
-39.
3.
3.
-42.
38.

1976-JA8.... |
—FEB....|
—BAR.... |
-APR....|
-MAY
|
-JON... . . |
—JOL....|
— AOG....|
-SEP....|
-OCT
I
-NOV....|
—DEC.»..I

393.
347.
528.
436.
364.
405.
367.
321.
323,
314.
351.
438.

18.
-46.
181.
-91.
-73.
41.
-38.
-46.
3.
-10.
37.
87.

-5.

1977-JAN....|
-FEB....|

464.
429.
679.
521.
518.
506.
492.
403.
380.
359.
419.
449.

MONTH

YEAR

18.3
-12.8
26.6
-9.7
-4.4
-1.7
-11.2
-12.9
7.7
2.9
-17.9
42.9

19.4
37.0
27.6
15.6
4.9
9.4
-10.9
-12.0
1.0
10
-13.8
11.4

AVERAGE SIZE

NUMBER OF LOANS

1
i
I
1
| THOUSANDS|
1
1
1
1

PERCENTAGE CHANGE
FROM PREVIOUS
MONTH

YEAR

DOLLARS

PERCENTAGE
CHANGE
FfiOH
PREVIOUS
m s -

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

5.6
5.1
5.7
5.5
5.3
5.1
4.8
4.0
4.3
4.4
3.7
5.0

10.6
-8. 0
12.3
-3.7
-3.6
-3.6
-7.3
-15.8
7.3
2.7
-15.6
34.3

7.2
14.0
4.1
-3.6
-7.7
-3.9
-10.8
-28.9
-10.0
-10.3
-21.4
-.5

71671.
67929.
76576.
71848.
7T243.
72648.
69616.
72028.
72291.
72440.
70457.
74992.

11.4
20.1
22.6
19.9
13.7
13.9
-.2
23.9
12.3
12.6
9.6
11.9

-13.3
-12.6
11.2
-2.6
-8.3
.9
-6.2
9.0
-3.0
-7.1
20.0
1.0

81586.
77645.
82736.
8t165.
74546.
78265.
82357.
73457.
77572.
76534.
78511.
86699.

13.8
14.3
8.0
13.0
4.6
7.7
18.3
2.0
7.3
5.7
11.4
15.6

88.
40.
-15.
32.
36.
32.
13.
—6.
88.
63.

4.8
-11.7
52. 1
-17.3
-16.7
11.4
-9.4
-12.6
.8
-3.0
11.8
24.8

— 1.3
-.1
20.1
10.0
-4. 1
8.7
10.9
11.2
4. 1
-1.9
33.7
16.7

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

4.8
4.5
6.4
5.4
4.9
5.2
4.5
4.4
4.2
4.1
4.5
5.0

-3.6
-7.2
42.8
-15.7
-9.3
6.1
-13.9
-2.0
—4.6
-1.7
9.0
13.0

26.
—34 .
249.
-158.
-3.
-12.
-14.
-89.
-23.
-21.
60.
30.

71.
83.
151.
85.
155.
101.
125.
82.
57.
45.
68.
11.

6.0
-7.4
58. 1
-23.2
—.6
-2.4
-2.7
-18.2
-5.7
-5.6
16.8
7.2

18.0
23.8
28.7
19.4
42.5
24.9
34.1
25.6
17.5
14.4
19.5
2.6

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

4.9
4.7
6.8
5.6
5.8
5.9
4.8
4.8
4.5
4.4
4.8
5.0

-2.3
-4.3
44. 1
-17.3
3.2
1.1
-18.5
.5
-7.3
-2.2
11.1
3.2

2.4
5.6
6.6
4.6
19.0
13.4
7.3
10.1
7.0
6.4
8.5
-.9

94058.
91013.
99833.
92640.
89273.
86233.
102888.
83792.
85203.
82240.
86442.
89729.

15.3
17.2
20.7
14. 1
19.8
10.2
24.9
14. 1
9.8
7.5
10.1
3.5

503.
433.
619.
492.
571.
560.
462.
481.
455.
486.
470.
483.

54.
-70.
186.
-127.
79.
-11.
-98.
19.
-26.
31.
-16.
13.

39.
4.
-60.
-29.
52.
54.
-30.
78.
75.
127.
51.
34.

12.0
-13.9
42.9
-20.5
16.0
-1.9
-17.5
4. 1
-5.4
6.8
-3.2
2.7

8.4
.8
-8.8
-5.6
10.1
10.6
-6.2
19.3
19.8
35.5
12.3
7.6

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

4.9
4.5
5.9
4.9
5.9
5.9
4.8
5.3
4.7
5.2
5.2
5.2

-1.7
— 8.6
31.2
-16.8
19.7
.3
-17.7
10.0
-12.7
12.4
-1.3
-.2

-.2
-4.7
-13.3
-12.8
1.2
.4
1.3
10.9
4.4
19.9
6.5
3.0

102187.
96334.
104921.
100255.
97164.
95029.
95272.
90130.
97744.
92918.
91087.
93784.

8.6
5.8
5.1
8.2
8.8
10.2
-7.4
7.6
14.7
13.0
5-4
4.5

734.
531.
799.
733.
790.
748.
657.
692.
525.
691.
685.
807.

251.
-204.
268.
-66 .
57.
-43.
-90.
34.
— 167166.
-6 .
122.

232.
98.
180.
241.
219.
188.
196.
211.
70.
205.
215.
324.

52.0
-27.7
50.5
-8.2
7.8
-5.4
-12.0
5.2
-24.2
31.7
-.9
17.8

46.1
22.6
29.1
49.0
38.5
33.5
42.3
43.9
15.3
42.2
45.6
67.0

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

6.2
5.0
6.9
6.1
6.9
6.6
6.2
6.4
5.2
6.4
5.7
6.6

20.7
-20.4
39.4
-11.5
13.7
-4.5
-6.3
3.2
-19.7
24.2
-10.5
15.3

26.4
10.2
17.1
24.6
18.3
12.7
28.3
20.4
10.8
22.5
11.0
28.3

118095.
107147.
115682.
119910.
113716.
112593.
105705.
107772.
101719.
107817.
11S449.
122095.

15.6
11.2
10.3
19.6
17.0
18.5
10.9
19.6
4. 1
16.0
31. 1
30.2

970.
856.
1074.
1129.
1010.
803.
736.
522.
568.
629.
544.
777.

164.
-114.
218.
55.
-119.
-207.
-67.
-214.
46.
61.
-85.
233.

236.
326.
275.
396.
220.
56.
79.
-170.
43.
-62.
-141.
-30.

20.3
-11.8
25.4
5.1
-10.5
-20.5
-8.3
-29. 1
8.8
10.7
-13.5
42.8

32.1
61.4
34.4
54.0
27.8
7.4
12.0
-24.5
8.3
-9.0
-20.6
-3.7

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

7.4
6.4
8.0
8.9
7.7
6.4
5.4
4.4
4.8
5.3
4.5
6.2

12.6
-13.7
23.9
11.2
-13. 1
-17.1
-15.4
-19.0
9.3
11.8
-15.3
36.9

19.7
29.8
15.3
45.0
10.8
-3.9
-13.2
-31.9
-7.3
-16.6
-21.0
—6. 2

130356.
133238.
134819.
127389.
131180.
125832.
136332.
119406.
118779.
117679.
120112.
125298.

10.4
24.4
16.5
6.2
15.4
11.8
29.0
10.8
16.8
9.1
.6
2.6

961.
1981-JAN
|
913.
-FEB....|
1206.
-MAR.... 1
1152.
-APR.... 1
— MAY... • . j 1050.
1032.
-JON
1
986.
-JOL
1
768.
-AOG....|
658.
-SEP
1
866.
-OCT
|
778.
-NOV.... |
804.
-DEC...
1
832.
1982-JAN
1
686.
—FEB....|
986.
-MAR...
758.
-APR
|
665.
-MAY
I
694.
-JUN
|
508.
-JOL....|
466.
-AUG
1
384.
-SEP....|
349.
-OCT....|
386.
-NOV
i
415.
-DEC....|

184.
-48.
293.
-54.
-102.
-19.
-46 .
-218.
91.
7.
-87.
26.

-10.
57.
132.
24.
40.
228.
250.
245.
290.
237.
234.
28.

23.7
-5.0
32.1
-4.4
-8.9
-1.8
-4.4
-22. 1
11.8
.9
-10. 1
3.3

-1.0
6.6
12.3
2.1
4.0
28.4
33.9
47.0
51.1
37.7
43.1
3.6

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

6.5
6.0
8.4
7.6
7.2
7.5
6*7
5.9
6.3
6.2
5.7
6.1

4. 1
-7.0
40.1
-9.5
-5.5
4.3
-10.8
-11.0
6.1
-1.5
-8.9
7.3

-13.3
-6.7
5.5
-14.2
—6.7
17.3
23.8
35.9
31.9
16.2
25.0
-2.0

148923.
152246.
143502.
151602.
146184.
137739.
147517.
129112.
136077.
135383.
137537.
132490.

14.2
14.3
6.4
19.0
11.4
9.5
8.2
8. 1
14.6
18.4
14.5
5.7

27.
-146.
301.
-228.
-93.
29.
-186.
-43.
-82.
-35.
37.
2d.

-129.
-227.
-219.
-394.
-385.
-338.
-478.
-302.
-474.
-316.
-393.
-390.

3.4
-17.5
43.8
-23.2
-12.3
4.4
-26.7
-8.4
-17.6
-9.0
10.5
7.5

-13.5
-24.9
-18.2
-34.2
-36.7
-32.7
-48.4
-39.3
-55.3
-59.7
-51).4
-48.4

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

5.4
4.6
6.6
5.5
4.9
5.1
4.0
3.7
3.4
3. 1
3.3
3.4

-10.6
-15.0
42.8
-16.4
-10.5
2.5
-20.5
-6.6
-10.6
-7.8
7.5
1.8

-15.8
-23.1
-21.6
-27.6
-31.4
-32.6
-39.9
-36.9
-46.9
-50.3
-41.3
-44.3

153135.
146670.
149778.
137727.
134999.
137426.
126610.
124232.
114571.
113070.
116189.
121674.

2.8
-2.3
4.4
-9.2
-7.7
-.2
-14.2
-3.8
-15.6
-18.9
-15.5
-7.4

-APR.....I
-MAY
|
-JON....|
—JOL....|
—AOG....|
-S2P....I
-OCT.... I
-NOV
|
-DEC
|
1978-JAN....1
-FEB....I
—MAR....|
-APR....|
—JON....|
— AO G. • • • |
-SEP....|
-»OCT. ... 1
-NOV.,... J
-DEC.... |
1
1979-JAN. ... I
-FEB.... |
-MAR....|
—APB.a..I
-BAY
I
—JON.... I
—JOL.... I
-AOG
1
-SEP... . I
-OCT
i
-NOV
|
-DEC....|
1980-JAN....I
-FEB....j
—MAR....|
-APB....|
-MAY.... |
—JON.... |
—JOL.... |
-AOG....|
—SEP.... I
-OCT...
-NOV
1
-DEC.... |




TABLE 222.2H

FEDERAL LAND BANKS
LOANS CLOSED
SEASONALLY-ADJUSTED ANNUAL RATE
AMOUNT
I
1

MONTH

|

1
.1
1
1975-JAN.. « .|

MILLIONS OF COLLARS
CLOSED
IN

. I

I CHANGE FROM PREVIOUS|

YEAR

736.
1219.
848.
595.
166.
309.
-558.
-489.
70.
95.
-525.
446.

3. 1
3.5
*8.7
4.5
-4.5
4.3
-2.9
-4.8
11.5
2.0
-19.1
28. 1

20.5
37.4
26.2
16.2
4.2
7.8
-11.9
-11.1
1.6
2.2
-12.7
10.6

-306.
141.
359.
-135.
-807.
6 5 8.
23.
-144.
196.
-191.
454.
506.

9.
*2.
747.
428.
-189.
293.
440.
492.
237.
-43.
1265.
754.

—6. 6
3.3
8.0
-2.8
-17.2
16.9
.5
-3.2
4. 4
-4. 1
10.2
10.4

5159.
5529.
6159.
5601.
5459.
5644.
6172.
5581.
5503.
5108.
5907.
5529.

-233.
370.
630.
-558.
-141.
184.
528.
-591.
-78.
-395.
800.
-378.

827.
1056.
1327.
904.
1570.
1096.
1601.
1154.
879.
675.
1021.
137.

5591.
5528.

62.
-62.

432.

5606.

78.

-552.
-358.
492.

YEAR

4323.
4475.
4085.
4269.
4078.
4255.
4131.
3935.
4387.
4475.
3621.
4638.

131.
151.
-390.
184.
-190.
177,
-124.
-196.
452.
88.
-854.
1017.

-JOL
1
-AOG....|
-SEP
|
-OCT
|
-NOV
1
|
-DEC

4332.
4473.
4831.
4697.
3890.
4548.
4571.
442T.
4624.
4432.
4886.
5392.

1977-JAN
|
-FEB
|
— MAR•...|
-APR.. . .|
—MAY. ... |
-JON....|
-JOL....|
*AOG
|
-SEP
|
-OCT
|
-NOV
1
-DEC
|

-FEB....|
-APfi
1
-MAY
J
-JON
1
-JUL....|
-AUG....|
-SEP
i
-OCT
|
-NOV
»
-DEC
1
1976-JAN.... |
-FEB....|
-MAR.
I
-APR.... |
-MAY.... |
-JON

1

1978-JAN....J
-FEB
|
-MAB.... J
-APR....|
-MAY....|
-JON
1
-JOL....|

-1.

5243.
5951.
6252.
5816.
6711.
6658.
6896.
6661.
5997.

709.
301.
-436.
894.
-53.
238.
-235.
-664.

-356.
1130.
1155.
1788.
754.
468.

1979-JAN
1
8115.
-FEB... . . | 6717.
-MAB
|
7296.
-APR
|
7728.
8192.
— MA Y.... J
8340.
-JON
1
-JOL.... |
8329.
-AOG
|
9695.
-SEP
|
7753.
-OCT
|
9719.
-NOV
|
9765.
-DEC
| 10114.

2119.
-1399.
580.
432.
464.
148.
-11.
1366.
-1942.
1966.
46.
349.

2525.
1188.
1690.
2485.
2241.
2088.
2513.
2984.
1095.
2823.
3104.
4117.

1980-JAN
-FEB
-MAB
-APR
-MAY
-JON
-JOL
-AUG
-SEP
-OCT
-NOV
-DEC

|
|

10647.
10729.
9909.
11707.
10514.
8943.
9360.
7379.
8426.
8742.
7778.
9793.

533.
82.
-820.
1798.
-1193.
-1571.
417.
-1980.
104 7.
316.
-964.
2014.

1981-JAN
|
-FEB
|
-MAR....|
-APB.... |
-MAY
|
-JON
1
-JOL....|
-AOG
|
-SEP....|
-OCT....|
-NOV
|
-DEC
|

10522.
11368.
11216.
11797.
10990.
11444.
12559.
10921.
12814.
11980.
11156.
10157.

1982-JAN.... |
-FEB....|
-MAB
1
-APR
|
-MAY
1
-JON
|
-JOL
|
-AOG
1
-SEP
1
-OCT
1
-NOV
|
-DEC
|

9091.
8485.
9207.
7692.
6994.
7722.
6440.
6683.
5746.
4829.
5521.
5242.

-AOG-...|

-SEP
|
-OCT....1
-NOV
|
-DEC
1




1
|
|
|
|
1
|
|
|
J

1

.

PERCENTAGE CHANGE
FROM PREVIOUS
MONTH

1
HONTB__ 1

HONTB...

.

NUMBER OF LOANS
j

-364.

608.

1

1

1
J

THOUSANDS!
1
1

|

PERCENTAGE CHANGE
FROM PlEVIOOS
MONTH™

AVERAGE SIZE

1
J
DGILABS

YEAR

i

PERCENTAGE
CHANGE
FROM
PREVIOUS

64.6
65.6
57. 1
60.6
58.1
58.3
61.2
49.1
59.2
59.2
48.4
60.8

5.6
1.6
-13.0
6.2
-4.2
.4
4.9
-19.7
20.4
-.0
-18.3
25.6

8.2
14.9
4.8
-2.8
-7.5
-5.5
-12.4
-28.7
-10.2
-10.1
-21.1
-.7

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

66926.
68212.
71568.
70438.
70227.
72944.
67515.
80061.
74145.
75645.
74878.
76340.

11.4
19.6
20.4
19.6
12.7
14. 1
.6
24.8
13.2
13.7
10.7
11.4

.2
-.0
18.3
10.0
-4.6
6.9
10.6
12.5
5.4
-1.0
34.9
16.3

56.6
57.7
63.3
59.7
53.2
57.7
56.7
54.1
57.5
54.9
58.3
61.3

-6.9
2.0
9.5
-5.7
-10.8
8.4
-1.6
-4.6
6.3
-4.6
6.3
5.1

-12.4
-12.0
10.8
-1.6
-8.4
-1.1
-7.3
10.1
-2.8
-7.2
20.6
.9

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

76548.
77457.
76377.
78734.
73132.
78865.
80560.
81785.
80379.
80765.
837/70.
87934.

14.4
13.6
6.7
11.8
4. 1
8. 1
19.3
2.2
8.4
6.8
11.9
15.2

-4.3
7.2
11.4
-9. 1
-2.5
3.4
9.4
-9.6
-1.4
-7.2
15.7
-6.4

19.1
23.6
27.5
19.2
40.4
24.1
35.0
26. 1
19.0
15.2
20.9
2.5

58.2
61.4
67.1
63.0
62.6
64.7
60.9
60.3
61.7
58.0
63.8
61.0,

-5.2
5.6
9.2
-6.1
-.7
3.4
-5.9
-1. 1
2.3
-5.9
10.0
-4.5

2.8
6.4
6.0
5.6
17.6
12.2
7.4
11.3
7.2
5.7
9.4
-.5

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

88697.
90023.
91804.
88894.
87256.
87200.
101322.
92603.
85252.
88029.
92540.
90661.

15.9
16.2
20.2
12.9
19.3
10. 6
25.8
13.2
11.0
9.0
10.5
3.1

1.1
-1.1
1.4
-6.5

8.4
-.0
-9,0
-6.4
9.0

57.9
58.9
57.7
55.2
62.6
64.7
62.0
67.7
64.5

-5.0
1.7
-2.1
-4.3

96538.

8.8
4.3
5.9
6.9

68.9
68.6
62.8

6.9

13.5
5. 1
-7.0

15.4
—. 8
3.6

-3.4
-10.0
35.3
-17.2
8.6
5.9

10.8
-5. 8
20.2

21.0
35.0
12.8
8.5

13.5
3.4
-4.3
9.3
-4.8
-.4

-8.5

-.4
-4.1

j
|

-14.0
-12.4

1
|

.1

|

.0
1.7

J
J

12.3
4.6
18.7
7.5
3.0

|
J
|
|
|

26.1
11.0
16.4
23.9
17.7
12.8
28.6
21.8
11.1
21.1
12.1
28.8 '

|
|
j
|
J

16.4
-20.0
25.4
.5
3.6

45.2
21.5
30.1
47.4
37.7
33.4
43.2
44.5
16.5
40.9
46.6
68.7

73.0
65.4
67. 1
68.3
73.8
73.0
79.7
82.4
71.6
83.4
77.0
80.9

16.3
-10.5
2.7
1.8
7.9
-1.0
9. 1
3.4
-13.1
16.5
-7.7
5. 1

2531.
4012.
2613.
3979.
2322.
603.
1031.
-2316.
673.
-977.
-1987.
-321.

5.3
.8
-7.6
18. 1
-10.2
-14.9
4.7
-21.2
14.2
3.8
-11.0
25.9

31.2
59.7
35.8
51.5
28-3
7.2
12.4
-23.9
8.7
-10.0
-20.3
-3.2

87.0
85.1
77.0
97.9
82.1
70.5
69.0
56.9
66.3
-58.9
61.4
75.8

7.5
-2.2
-9.5
27.1
-16. 1
-14.2
-2.2
-17.5
16.5
3.9
-10.9
23.5

19.1
30.2
14.7
43.2
11.3
-3-5
-13.5
-31.0
-7.5
-17.4
-20.3
-6.4

J
|
|
|
|
|
|
|

730.
846.
-152.
581.
-806.
454.
1115.
-1638.
1893.
-834.
-823.
-999.

-125.
639.
1307.
89.
476.
2501.
31993541.
4388.
3237.
3378.
364.

7.4
8.0
-1.3
5.2
-6.8
4. 1
9.7
-13.0
17.3
-6.5
-6.9
-9.0

-1.2
6.0
13.2
.8
4.5
28.0
34.2
48.0
52.1
37.0
43.4
3.7

75.5
79.6
80.9
82.8
77.2
82-9
85-3
78.3
87.5
79.8
77.0
74.0

-.4
5.5
1.5
2.3
-6.7
7.4
2.8
11.7
-B.8
-3.4
-3.9

-1066.
-606.
722.
-1515.
-698.
728.
-1282.
243.
-936.
-917.
692.
-278.

-1431.
-2883.
-2009.
-4105.
-3996.
-3722.
-6119.
-4238.
-7068.
-7150.
-5635.
-4914.

-10.5
-6.7
8.5
-16.5
-9. 1
10.4
-16.6
3.8
-14.0
-16.0
14.3
-5.0

-13.6
-25.4
-17.9
-34.8
-36.4
-32.5
-48.7
-38.8
-55.2
-59.7
-50.5
-48.4

63.5
61.3
63.2
59.4
53. 2
56. 1
51.2
49.9
46.4
39.7
45.2
41.0

-14.2
-3.5
3.1
-6.0
-10.4
5.4
-8.7
-2.6
-7. 1
-14.3
13.9
-9.4

6.0

1.8
-. 1

-3.1

93878.
97219.
95014.
94997.
96560.
93868.
99126.
103282.
100107.
97037.
95469.

8.9
10.7
-7.4
7.0

15.7
13.7
4.9
5.3

111137.
102780.
108705113070.
111074.
114201.
104494.
117601.
108223.
116492.
126869.
124978.

15. 1
9.5
11.8
19.0
16.9
18.3
11.3
18.6
4.8
16.4
30.7
30.5
10. 1
22.7
18.4
5.8
15.3

|
|
|

122383.
126111.
128664.
119618.
128032.
126872.
135701.
129663.
127101.
126884.
126753.
125222.

-13.2
-6.4
5.0
-15.4
-6.0
17.6
23.6
37.6
31.9
15.8
25.5
-2.3

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

139411.
142731.
138675.
142548.
142386.
138841.
147303.
139427.
146502.
150167.
144810.
137193.

13.9
13.2
7.8
19.2
11.2
8.8
8.6
7.5
15.3
18.4
14.2
6.2

-15.9

J

143140.
138515.
145784.
129590.
131443.
137736.
125799.
133965.
123965.
121621.
122055.
127889.

2.7
-3.0
5. 1
-9.1
-7.7
-.2
-14.6
-3.9
-15.4
-19.0
-15.7
-6.8

J

|
|
|
|
J
|

J

-23.1

|

-21.9
-28.3
-31.1
-32.4
-40.0
-36.3
-47.0
-50.2
-41.3
-44.6

|
j
|
1
J
|
|
|
|
|
1

11. 1

29.9
10.3
17.4
8.5
-. 1

3.4

16
TABLE 222.3M

END OF
MONTH

1
1975-JAN....|

| CHANGE FROM
1
1
MONTH

1
1

LI

|
I

|

AMOBNT
MILLIONS OF DOLLARS
5

I
I
|
|_

1

YEAR
ENDING—

FEDERAL LAND BANKS
LOANS CLOSED
TWELVE-MONTH MOVING TOTAL

YEAR

PERCENTAGE CHANGE
FROM PREVIOUS
MONTH

YEAR

1

AVERAGE SIZE

NUMBER OF LOANS

1
1
1
1
| THOUSANDS|
1
1
1
1

PERCENTAGE CHANGE
FROM PREVIOUS
MONTH

YEAR

DOLLARS

PERCENTAGE
CHANGE
FROM
PREVIOUS
...22AJ

4005.
4099.
4193.
4247.
4265.
4297.
4256.
4217.
4220.
4223.
4181.
4219.

65.
94.
95.
53.
18.
32.
-41.
-39.
3.
3.
-42.
38.

798.
878.
954.
947.
895.
848.
654.
570.
483.
439.
336.
279.

1.6
2.3
2.3
1.3
.4
.8
-.9
-.9
.1
. 1
-1.0
.9

24.9
27.3
29.5
28.7
26.6
24.6
18.2
15.6
12.9
11.6
8.7
7. 1

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

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

.6
1.0
.4
-.3
-.7
-.3
-.9
— 2.6
-.8
-.8
-1.7
-.0

8.4
9.5
10.9
9.7
8-7
7.8
4.6
.7
-1.7
-2.6
-4.7
-6.2

63775..
64619.
65883.
66942.
67697.
68435.
66414.
69608.
70215.
70866.
71372.
75056.

15.2
16.2
16.3
17.3
16.4
15.6
13.0
14. 8
14.8
14.6
14. 1
14.2

4214.
4214.
4302.
4342.
4327.
4359.
4395.
4428.
4440.
4434.
4523.
4585.

-5.
88.
40.
-15.
32.
36.
32.
13.
-6.
88.
63.

210.
116.
109.
95.
62.
62.
139.
211.
220.
211.
341.
366.

-.1
-.0
2.1
.9
-. 4
.8
.8
.7
.3
-.1
2.0
1.4

5.2
2.8
2.6
2.2
1.5
1.4
3.3
5.0
5.2
S.0
8.2
8.7

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

57.8
57.2
57.8
57.7
57.2
57-3
57.0
57.3
57.2
56.9
57.6
57.7

-1.3
-1.1
1.1
-.3
-.8
.1
-.5
.6
-.2
-.5
1.3
.1

-7.9
-9.8
-9.2
-9.1
-9.2
-8.8
-8.4
-5.3
-4.8
-4.5
-1.6
-1.5

72886.
73701.
74412.
75288.
75600.
76105.
77136.
77212.
77608.
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

4656.
4739.
4890.
-MAR....|
-APR. . . .. i 4975.
5130.
5231.
-JON. . . .
5356.
—J UL....J
5438.
-AOG. ... |
5494.
5539.
-NOV.. . . 1 5608.
5619.
-DEC....|

71.
83,
151.
85.
155.
101.
125.
82.
57.
45.
68.
11.

442.
525.
588.
633.
803.
871.
960.
1010.
1054.
1105.
1085.
1034.

1.5
1.8
3.2
1.7
3. 1
2.0
2.4
1.5
1.0
. 8
1-2
.2

10.5
12.4
13.7
14.6
18.6
20.0
21.9
22.8
23.7
24.9
24.0
*2.5

|
|
|
|
|
|
|
|
J
|
|
J

57.8
58.1
58.5
58-7
59.7
60.4
60.7
61-1
61.4
61.7
62.1
62.0

.2
.4
.7
.4
1.6
1.2
.5
.7
.5
.4
.6
-.1

-.0
1.5
1.1
1.8
4.2
5.4
6.5
6.6
7.3
8.4
7.7
7.5

80548.
81622.
83619.
84707.
85983.
86669.
88264.
88970.
8S470.
89819.
90369.
90616.

10.5
10.7
12.4
12.5
13.7
13.9
14.4
15.2
15.3
15.3
15.2
14.0

5658.
5662.
5602.
5572.
5625.
5678.
5648.
5726.
5801.
5928.
5980.
6014.

39.
4.
-60.
-29.
52.
54.
-30.
78.
75.
127.
51.
34.

1002.
923.
711.
597.
495.
448.
292.
288.
307.
389.
372.
395.

.7
. 1
-1. 1
-.5
.9
1.0
-.5
1.4
1.3
2.2
.9
.6

21.5
19.5
14.5
12-0
9.7
8.6
5.5
5.3
5.6
7.0
6.6
7.0

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

62.0
61.8
60.9
60.2
60.2
60.2
60.3
60.8
61.0
61.9
62.2
62.4

-.0
-.4
-1.5
-1.2
.1
.0
.1
.9
.3
1.4
.5
.2

7.3
6.4
4.1
2.4
.9
-.2
-.6
-.5
-.6
.4
.3
.6

91260.
91648.
92020.
92634.
93400.
94257.
93654.
94124.
95052.
95774.
96112.
96432.

13.3
12.3
10.0
9.4
8.6
8.6
6. 1
5. 8
6. 2
6.6
6.4
6.4

6246.
6343.
6523.
6764.
6984.
7171.
7367.
7578.
7648.
7853.
8067.
8391.

232.
98.
180.
241.
219.
188.
196.
211.
70.
205.
215,
324.

588.
682.
922.
1192.
1359.
1493.
1719.
1852.
1847.
1924.
2088.
2377.

3.9
1.6
2.8
3.7
3.2
2.7
2.7
2.9
.9
2.7
2.7
4.0

10.4
12.0
16.5
21.4
24.2
26.3
30.4
32.3
31.8
32.5
34.9
39.5

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

63.7
64.1
65.1
66.3
67.4
68.2
69.5
70.6
71.1
72.3
72.9
74.3

2.1
.7
1.6
1.9
1.6
1.1
2.0
1.6
.7
1.7
.8
2.0

2.7
3.8
7.0
10.3
11.9
13.1
15.3
16.1
16.5
16.8
17.1
19.2

98104.
96926100160.
101973.
103603.
105219.
105956.
107316.
107537.
108619.
110714.
112899.

7.5
7.9
8.8
10.1
10.9
11.6
13.1
14.0
13.1
13.4
15.2
17. 1

8627.
8953.
9228.
9624.
9844.
9899.
9978.
9809.
9852.
9790.
9649.
9619.

236.
326.
275.
396.
220.
56.
79.
-170.
43.
-62.
-141.
-30.

2382.
2610.
2705.
2860.
2860.
2728.
2611.
2231.
2204.
1937.
1582.
1228.

2.8
3.8
3. 1
4.3
2.3
.6
.8
-1.7
.4
-.6
-1.4
-.3

38. 1
41.1
41.5
42.3
41.0
38.0
35.4
29.4
28.8
24.7
19.6
14.6

|
|
|
|
|
1
I
|
|
J
I

75.5
77.0
78.1
80.8
81.6
81.3
80.5
.78.5
78.1
77.0
75.8
75.4

1.6
2.0
1.4
3.5
.9
-.3
-1.0
-2.5
-.5
-1.4
-1.6
-.5

18.7
20.1
19.9
21.9
21.0
19.3
15.8
11.1
9.8
6.5
4.1
1.5

114191.
116234.
116179.
119057.
120657.
121721.
123939.
125009.
126165.
127103.
127264.
127555.

16.4
17.5
18.0
16.6
16.5
15.7
17.0
16.5
17.3
17.0
14.S
13.0

9610.
9666%
9798.
-MAR....|
-APR. . . . | 9822.
9862.
-MAY
|
10090.
-JUN....|
10340.
—JUL....|
-AUG.... | 10585.
10876.
11113.
11347.
-NOV....|
11375.
-DEC...-|

-10.
57.
132.
24.
40.
228.
250.
245.
290.
237.
234.
28.

982.
713.
570.
198.
18.
191.
362.
777.
1024.
1322.
1698.
1756.

-. 1
.6
1.4
.2
.4
2.3
2.5
2.4
2.7
2.2
2. 1
.2

11.4
8.0
6.2
2. 1
.2
1.9
3.6
7.9
10.4
13.5
17.6
18.3

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

74.4
74.0
74.4
73.2
72.6
73.8
75.0
76.6
78.1
79.0
60.1
80.0

-1.3
-.6
.6
-1.7
— .7
1.5
1.7
2.1
2.0
1.1
1.4
-.2

-1.5
-3.9
-4.7
-9.5
-11.0
-9.3
-6, 8
-2.4
.1
2.6
5.7
6-1

129128.
130645.
131649.
134238.
135744.
136804.
137792.
136168.
13S186.
140656.
141597.
145169.

13.1
12.4
11.4
12.6
12.5
12.4
11.2
10.5
10.3
10.7
11.3
11.5

-129.
-227.
-219.
-394.
-385.
-338.
-478.
-302.
-474.
-516.
-393.
-390.

1636.
1352.
1001.
583.
158.
-408.
-1136.
-1683.
-2448.
-3201.
-3828.
-4246.

-1.1
-2.0
-2.0
-3.7
-3.7
-3.4
-4.9
-3.3
-5.3
-6. 1
-5.0
-5.2

17.0
14.0
10.2
5.9
1.6
-4.0
-11.0
-15.9
-22.5
-28.8
-33.7
-37.3

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

79.0
77.6
75.8
73.7
71.4
69.0
66.3
64.1
61.2
58.0
55.7
53.0

-1.3
-1.8
-2.3
-2.8
-3.1
-3.4
-3.9
-3.3
-4.6
-5.1
-4.0
-4.8

6. 1
4.9
1.8
.7
-1.7
-6.5
-11.6
-16.3
-21.7
-26.5
-30.5
-33.7

145371.
14-1982.
145491.
141196.
140266.
140333.
138778.
136824.
137778.
136292.
134967.
134466.

10.3
8.7
8.2
5.2
3.3
2.6
.7
.5
-1,0
-3. 1
-4.7
-5.4

— MAR.• • • |
-MAY....|
-JUN....|

-DEC....|
I

1976-JAN....|

-MAR....|
-JON....|
—JUL.... |
-AUG....|
-NOV.... |
—DEC. . . . |
I

1977-JAN.... |

1

1

1978-JAN....|

-MAR....|
-JON....J
-JUL....j
-AUG...-1
-NOV....|
-DEC....|
1979-JAN. • •

1

—MAR....|
-JON....|
-JUL....|

-NOV....|
-DEC....|
1

1980-JAM. ... |
-MAR....|
-MAY....|
-JUN. ... |
-JUL....i
-SEP....|
-NOV. .. .1
-DEC
1
1

1981-JAN. ... |

I

1982-JAN....|
-FEB....|
—MAR....|
-APR....|
-MAY....|
-JUN....I
-JUL... .|
-AUG
»
-NOV....|
— DEC. ... |
1

11245.
11018.
10799.
10404.
10019.
9682.
9204.
8902.
8428.
7911.
7519.
7129.




1

TABLE

223.10
LOANS

MONTH

I
I
I MILLIONS
OF
I
DOLLARS
I
L.

LOANS

FEDERAL LAND BANKS
C L O S E D AND NEW M O N E Y L O A N E D

CLOSED

PERCENTAGE CHANGE
FROM PREVIOUS

NEW

|
AS P E R C E N T A G E OF
I
BEPAY1 LOANS OUTI_STANDING*_
HENTS__J

MILLIONS
OF
DOLLARS

|
1

J

MONEY

LOANED

PERCENTAGE CHANGE
FROM PREVIOUS

mzmZZZZ

1
A S P E R C E N T A G E OF
J
R2PAY|LOANS CUT_I_STAKDGNG±__
«ENIS__

I Z I O I T F

YEAR

1975-JAN
|
-FEB....|
-MAE....|
-APR....|
-MAY
.1
-JUN
|
-JUL.
1
-AUG....|
-SEP....|
-OCT....|
- N O V . . . .|
-DEC
|

398.
347.
439.
397.
379.
373.
331.
288.
311.
320.
262.
375.

18.3
-12.8
26.6
-9.7
-4.4
-1.7
-11.2
-12.9
7.7
2.9
-17.9
42.9

19.4
37.0
27.6
15.6
4.9
9.4
-10.9
-12.0
1.0
1.0
-13.8
11-4

3.0
2.5
3.2
2.8
2.6
2.5
2.2
1.9
2.0
2.1
1.7
2.4

295.
542.
644.
622.
602.
615.
520.
542.
491.
456.
327.
277.

334.
288.
368.
326.
315.
306.
270.
241.
249.
264.
206.
312.

19.6
-14.0
27.8
-11.4
-3.3
-2.8
-11.7
-10.8
3.2
6.1
-22.0
51.6

16.9
32.2
25.6
11.3
3.1
6.5
-13.9
-14.4
-4.2
.0
-20.8
11.6

2.5
2.1
2.6
5.3
2.2
2. 1
1.8
1.6
1.6
1.7
1.3
2.0

248.
449.
539.
511.
500.
505.
424.
453.
393.
377.
256.
230.

1976-JAN
|
-FEB....|
-MAS
|
-APR....|
-MAY....1
-JUN
I
-JUL
|
-AUG.. .. |
-SEP
|
-OCT....|
-NOV
|
-DEC...

393.
347.
528.
436.
364.
405.
367.
321.
323.
314.
351.
438.

4. 8
-11.7
52. 1
-17.3
-16.7
11.4
-9.4
-12.6
.8
-3.0
11.8
24.8

-1.3
-.1
20.1
10.0
-4.1
8.7
10.9
11.2
4. 1
-1.9
33.7
16.7

2-5
2.1
3.2
2.6
2.1
2,4
2.1
1-8
1.8
1.7
1-9
2.4

264.
337.
478.
432.
449.
503.
466.
442.
407,
382.
330.
309.

325.
283.
441.
347294.
324.
298.
256.
255.
248.
279.
345.

4.2
-13.1
56.0
-21.2
-15.3
10.2
-8.0
-14.1
-.3
-3.0
12.6
23.9

-2.8
-1.8
19.9
6.7
-6.5
5.9
10-4
6.3
2.7
-6.2
35.5
10.7

2.0
1.7
2.7
2.1
1.7
1.9
1.7
1.5
1.4
1.4
1.5
1.9

218.
275.
399.
344.
363.
402.
379.
353.
322.
301.
263.
244.

1977-JAN.... |
-FEB.... 1
-MAR....|
-APR. ... |
-MAY
|
-JUN....|
- J U L . - . .1
-AUG....|
-SEP- - - - |
-OCT....|
-NOV
|
-DEC..,. . |

464.
429.
679.
521.
518.
506.
492.
403.
380.
359.
419.
449.

6.0
-7.4
58. 1
-23.2
-.6
-2.4
-2.7
-18.2
-5.7
-5. 6
16.8
7.2

18.0
23.8
28.7
19.4
42.5
24.9
34.1
25.6
17.5
14.4
19.5
2.6

2.5
2.3
3.6
2.7
2.6
2.5
2-4
2,0
1.8
1.7
2-0
2-1

223.
367.
475.
476.
458.
404.
374.
435.
516.
389.
340.
304.

376.
346.
552.
404.
405.
399.
382.
310.
289.
275.
324_
356.

8.9
-8.0
59.4
-26.8
.3
-1.6
-4.2
-18.9
-6.6
-4.8
17.7
9.7

15.7
22.5
25.2
16-3
37.6
23.0
28.1
21.0
13.3
11.2
16.3
3.0

2.0
1.9
2.9
2-1
2.1
2.0
1.9
1.5
1.4
1.3
1.5
1.7

181.
296.
386.
368.
358.
318.
291.
335.
393.
299.
263.
241.

1978-JAN
|
-FEB
|
-MAR....|
- A P R . . . .J
-MAY
|
-JUN...,|
-JUL....|
-AUG.-..J
-SEP...-J
-OCT....|
-NOV....|
-DEC....|

503.
433.
619.
492.
571.
560.
462.
481.
455.
486.
470.
483.

12.0
-13.9
42.9
-20. 5
16.0
-1-9
-17.5
4. 1
-5.4
6.8
-3.2
2.7

8.4
.8
-8.8
-5.6
10.1
10.6
-6.2
19.3
19.8
35.5
12.3
7.6

2.3
2.0
2.8
2.2
2.5
2.5
2.0
2.1
1.9
2.0
1.9
2.0

247.
360.
406.
381.
447.
473.
453.
474.
524.
430.
380.
271.

409.
344.
491.
376.
454.
442.
366.
385.
348.
385.
374.
386.

15.0
-16.0
42.8
-23.4
20.7
-2.5
-17.3
5. 1
-9.5
10.7
-3.0
3.2

8.8
-.7
-11.1
-6.9
12.0
10.9
-4.3
24.1
20.3
39.9
15.2
8.4

1.9
1.6
2.2
1.?
2.0
1.9
1.6
1.6
1.5
1.6
1.5
1.6

201.
286.
322.
291.
356.
374359.
379.
401.
341.
302.
216.

1979-JAN
|
-FEB.... |
-MAR.*..|
-APR....|
-MAY
|
-JUN....|
-JUL....|
-AUG...-|
-SEP...-|
-OCT
I
-NOV.... |
-DEC.... |

734.
531.
799.
733.
79 0 .
748.
657.
692.
525.
691.
685.
807.

52.0
-27.7
50.5
-8. 2
7.8
-5.4
-12.0
5.2
-24.2
31.7
-.9
17.8

46.1
22.6
29.1
49.0
38.5
33.5
42.3
43.9
15.3
42.2
45.6
67.0

3.0
2.1
3.2
2.8
3.0
2.8
2.4
2.5
1.9
2.4
2.4
2.8

338.
432.
507.
535.
604.
640.
535.
640.
618.
604.
517.
461.

602.
428.
651.
580.
618.
597.
520.
554.
412.
543.
532.
642.

56.2
-29.0
52.1
-10.8
6.4
-3.4
-12.9
6.5
-25.6
31.8
-2.0
20.6

2.4
1.7
2.6
2.2
2.3
2.2
1.9
2.0
1.5
1.9
1.8
2.2

277.
348.
413.
423.
472.
511.
423.
512.
485.
475.
402.
366.

1980-JAN....|
-FEB....|
— MAR. ... I
—APR....|
-MAY....|
-JUN....|
-JUL....|
-AUG....|
-SEP
1
-OCT
|
-NOV
|
-DEC
|

970.
856.
1074.
1129.
1010.
803.
736.
522.
568.
629.
544.
777.

20.3
-11.8
25.4
5. 1
-10.5
-20.5
-8.3
-29. 1
8.8
10. 7
-13.5
42. 8

32.1
61.4
34.4
54.0
27.8
7.4
12.0
-24.5
8.3
-9.0
-20.6
-3.7

3.3
2.8
3.5
3.6
3.1
2.4
2.2
1.5
1.6
1.8
1.5
2-2

404.
658.
764.
9931041.
799.
632.
620.
531.
528.
467.
456.

782.
702.
904.
935.
827.
627.
603.
423.
453.
502..
435.
648.

21.9
-10.2
28.8
3.4
-11.6
-24.1
-3.9
-29.8
7.0
10.9
-13.3
48.9

29.9
64.2
38.9
61.1
33.8
5. 1
16.0
-23.6
9.9
-7.5
-18.2
1.0

2.6
2.3
2.9
3.0
2.5
1.9
1.8
1.2
1.3
1.4
1.2
1.8

326.
539.
643.
822.
852.
624.
518.
502.
424.
422.
374.
381.

1981-JAN
|
-FEB
|
-MAR....|
-APE
|
-MAY
|
-JUN
-|
-JUL.-..|
-AUG....|
-SEP....|
-OCT....|
-NOV....|
-DEC....J

961.
913.
1206.
1152.
1050.
1032.
986.
768.
858.
866.
778.
804.

23. 7
-5.0
32. 1
-4.4
-8.9
-1.8
-4.4
-22. 1
11. 8
.9
-10. 1
3.3

-1.0
6.6
12.3
2.1
4.0
28.4
33.9
47.0
51.1
37.7
43.1
3.6

2.7
2.5
3.2
3.0
2.7
2.6
2.4
1.9
2. 1
2.1
1.8
1.9

416.
726.
819.
820.
875.
930867.
970.
961.
866.
697.
404.

793.
719.
989.
929.
869.
824.
803.
626.
676.
699.
622.
645.

22.4
-9.3
37.5
-6.0
-6.5
-5.2
-2.5
-22.0
7.9
3.5
-11. 1
3.7

1.4
2.5
9.4
- .6
5.1
31.3
33.2
47.9
49.2
39.2
42.8
-.5

2.2
2.0
2.7
2.4
2.2
2.1
2.0
1.5
1.6
1.7
1.5
1.5

343.
572.
671.
661.
724.
742- .
706.
791.
756.
700.
556.
324.

1982-JAN....|
-FEB....|
-MAR....(
-APR....|
- M A Y . . . .|
-JUN
|
—JUL....|
-AUG. ... |
-SEP
|
- O C T . . . .|
-NOV...
-DEC....|

832.
686.
986.
758.
665.
694.
508.
466.
384.
349.
386.
415.

3.4
-17. 5
43.8
-23.2
-12.3
4.4
-26.7
-8. 4
-17.6
-9.0
1F. 5
7.5

-13.5
-24.9
-18.2
-34.2
—36. 7
-32.7
-48.4
-39.3
-55.3
-59.7
-50.4
-48.4

1.9
1.6
2.2
1.7
1.5
1.5
1.1
1.0
.8
.7
.8
.9

325.
482.
555.
484.
524.
529.
396.
349.
248.
244.
202.
173.

661.
541.
790.
589.
516.
552.
396.
368.
292.
277.
309.
316.

2.6
-18.2
45.9
-25.5
-12.3
7.0
-28.3
-6.9
-20.7
-5.2
11.7
2.1

-16.6
-24.8
-20.2
-36-7
-40.6
-33.0
-50.7
-41.2
-56.8
-60.4
-50.2
-51.0

1.5
1.2
1.8
1.3
1.1
1.2
.9
..8
.6
.6
.7
.7

259.
381.
444.
376.
406..
421.
308.
276.
188.
194.
162.
131.

_JL

* LOANS




OUTSTANDING

AT

END OF

PHECEDING

MONTH.

47.2
24.4
32.6
54.4
36.2
34.9
42.1
44.0
18.4
40.9
42.5
66.5 .

18
TABLE 223.211

FEDERAL LAND BANKS
LOANS CLOSED AND NEW HOIST LOANED
SEASONALLY-ADJ0S1ED AMMB1L RATE
HEW HONEY LOANED

LOANS CLOSED
MONTH

MILLIONS |
DOLLARS |
1

1975-JAN....
-APB....
-MAY....
—JUL....
-OCT....
-NOV....
—DEC....
1976-JAN....
-APB....
-MAY....

-NOV....
-DEC....
1977-JAN....
-FEB....

-OCT....
-NOV....
-DEC....
1978-JAN....
-FEB....
-APR....
-MAY
— AUG.. . .
— SEP....
-NOV....
-DEC. . .
1979-JAN....
-'APB. ...
-MAY....
—JUN....
-AUG....
-SEP....
-OCT. ...
-NOV....
-DEC....
1980-JAN
— MAR,. ...
-MAY-..-JUN....
— AUG....
-NOV....
-DEC....
1981-JAN
-FEB....
-MAY....
-JUN....
-SEP....
-OCT....
-NOV
-DEC

1982-JAN
-FEB....

-MAY
-JUN....
-JUL....
-AUG
-SEP....
-OCT....
-NOV
-DEC....

AS PERCENTAGE OF
I
|
REPAY1 LOANS OUTMENTS
1 STANDING*

PERCENTAGE CHANGE
FROM PREVIOUS

|
AS PERCENTAGE OF
1
BEPAII LOAMS 08T-

i—SIlSBlJISi.

MONTH

YEAR

4323.
4475.
4085.
4269.
4078.
4255.
4131.
3935.
4387,
4475.
3621.
4638.

3. 1
3.5
-8.7
4.5
-4.5
4.3
-2.9
-4.8
11.5
2.0
-19. 1
28.1

20.5
37.4
26.2
16.2
4.2
7.8
-11.9
-11.1
1.6
2.2
-12.7
10.6

32.
33.
29.
30.
28.
29.
28.
26.
29.
29.
23.
29.

469.
587.
552,
535.
479.
495.
446.
472.
397.
443.
377.
370.

3544.
3680.
3403,
3523.
3385.
3506.
3409.
3323.
3549.
3738.
2823,
3860.

2.0
3.8
+ 7.5
3.5
-3.9
3.6
-2.8
-2.5
6.8
5.3
-24.5
36.7

18.4
32.5
24.9
12.6
2.7
4.7
-15.3
-14.6
-3.1
1.4
-19.8
11.1

26.
27.
24.
25.
23.
24,
23,
22.
23.
24.
18.
24.

385.
482.
460.
442.
397.
408.
368.
398.
321.
370.
294.
308.

4332.
4473.
4831.
4697.
3890.
4548.
4571.
4427.
4624.
4432.
4886.
5392.

-6. 6
3.3
8.0
-2.8
-17.2
16.9
.5
-3.2
4.4
-4.1
10.2
10.4

.2
-.0
18.3
10.0
-4.6
6.9
10.6
12.5
5.4
-1.0
34.9
16.3

27.
27.
29.
28.
23.
27.
26.
25.
26.
25.
27.
29.

425,
363.
410.
375.
360.
406.
403.
385.
335.
370,
377.
412.

3492,
3611.
4025,
3777.
3152,
3644.
3728,
3530.
3717.
3545.
3883.
4269.

-9.5
3.4
11.5
-6.2
-16.5
15.6
2.3
-5.3
5.3
-4.6
9.5
ilO.O

-1.5
-1.9
18.3
7.2
-6.9
3.9
9.4
6.2
4.8
-5.1
37.5
10.6

22.
22.
24.
23.
19.
21.
22.
20.
21.
20,
21.
23.

342.
293.
341,
302.
292,
325.
329.
307.
269.
296.
299.
326.

5159.
5529.
6159.
5601.
5459.
5644.
6172.
5581.
5503.
5108.
5907.
5529.

-4.3
7.2
11.4
-S. 1
-2.5
3.4
9.4
-9.6
-1.4
-7.2
15.7
-6.C

19.1
23.6
27.5
19.2
40.4
24.1
35.0
26,1
19.0
15.2
20.9
2.5

28.
29.
32,
29.
28.
28.
31.
27.
27.
25.
28.
26.

358.
393.
412.
415.
363.
326,
329.
379.
432.
380.
385.
405.

4085.
4408.
4980,
4385.
4271.
4454.
4774.
4279.
4283.
3977.
4590.
4415.

-4.3
7.9
13.0
-11.9
-2.6
4.3
7.2
-10.4
.1
-7.1
15.4
-3.8

17.0
22.1
23.7
16.1
35.5
22.2
28.1
21.2
15.2
12.2
18.2
3.4

22.
23.
26.
23.
22.
22.
24.
21,
21.
19.
22.
21.

284.
313.
333.
325.
284.
258.
254.
291.
336.
296.
299.
324.

5591.
5528.
5606.
5243.
5951.
6252.
5816.
6711.
6658.
6896.
6661.
5997.

1. 1
-1. 1
1.4
-6.5
13.5
5. 1
-7.0
15.4
-. 8
3.6
-3.4
-10.0

8.4
-.0
-9.0
-6.4
9.0
10*8
-5.8
20.2
21,0
35.0
12.8
8.5

26.
25.
25.
24.
27.
28.
25.
291.
28.
29.
27.
24.

395.
377.
355.
330353.
384.
406,
417.
445.
417.
427.
362.

4451.
4340.
4402.
4036.
4726.
4957.
4578.
5367.
5214.
5552.
5343.
4823.

.8
-2.5
1.4
-8.3
17.1
4.9
-7.7
17.2
-2.9
6.5
-3.8
-9.7

9.0
-1.6
-11.6
-8.0
10.7
11.3
-4.1
25.4
21.7
39.6
16.4
9.2

21.
20.
20.
18.
21.
22.
20.
23.
22.
23.
22.
20.

314.
296.
279.
254.
280.
305.
319.
334.
348.
336.
342.
291.

8115.
6717.
7296.
7728.
8192.
8340.
8329.
9695.
7753.
9719.
9765.
10114.

35.3
-17.2
8.6
5.9
6.0
1.8
-. 1
16.4
-20.0
25.4
.5
3.6

45.2
21.5
30.1
47.4
37.7
33.4
43,2
44.5
16.5
40.9
46.6
68.7

33.
27.
29.
30.
31.
31.
31.
35.
28.
34.
34.
34.

538.
445.
44A.
463.
469.
513.
488.
568.
537.
585.
575,
619.

6526.
5371.
5810.
6149.
6387.
6757.
6540.
7764.
6233.
7779.
7653.
8116.

35.3
-17.7
8.2
5.8
3.9
5.8
-3.2
18.7
-19.7
24.8
-1.6
6.0

46.6
23.8
32.0
52.4
35.1
36.3
42.9
44.7
19,6
40.1
43.3
68.3

26.
21.
23.
24.
24.
25.
24.
28.
22.
27.
26.
28.

432.
356.
357.
368.
366.
415.
383,
455.
432.
469.
450.
497,

10647.
10729.
9909.
11707.
10514.
8943.
9360.
7379.
8426.
8742.
7778.
9793.

5.3
.8
-7.6
18. 1
-10.2
-14.9
4.7
-21.2
14.2
3. 8
-11.0
25. 9

31.2
59.7
35.8
51.5
28.3
7.2
12.4
-23.9
8.J
-10.0
-20.3
-3.2

36.
35.
32.
37.
33.
27.
28.
22.
25.
25.
22.
27.

646.
665.
679.
853.
802.
628,
588.
554.
473.
506.
514.
615.

8442.
8767.
8039,
9721.
8574.
7177.
7625.
5977.
6881.
7133.
6263.
8219.

4.0
3.8
-8.3
20.9
-11.8
-16.3
6.2
-21.6
15.1
3.7
-12.2
31.2

29.4
63.2
38.4
58.1
34.2
6.2
16.6
-23.0
10.4
-8.3
-18.2
1.3

28.
29.
26.
31.
27.
22.
23.
18.
20.
20.
18.
23.

512.
544.
551.
709.
654.
504.
479.
449.
386.
413.
414.
516.

10522.
11368.
11216.
11797.
10990.
11444.
12559.
10921.
12814.
11980.
11156.
10157.

7.4
8.0
-1.3
5.2
-6. 8
4. 1
9.7
-13.0
17.3
-6. 5
-6.9
-9.0

-1.2
6.0
13.2
.8
4.5
28.0
34.2
48.0
52.1
37.0
43.4
3.7

29.
31.
30.
31.
28.
29.
31.
27.
31.
28.
26.
23.

669.
732.
732.
702.
663.
714.
819.
870.
884.
827.
760.
541.

8586,
8964.
8739,
9520.
9059.
9522.
10175.
8899.
10314.
9932.
8920,
8161.

4.5
4.4
-2.5
8.9
-4,8
5.1
6.9
-12.5
15.9
-3.7
-10.2
-8.5

1.7
2.3
8.7
-2.1
5.7
32.7
33.4
48.9
44.9
39.2
42.4
-.7

24.
24.
23.
25.
23.
24.
25.
22.
25.
24.
21.
19.

546.
577.
570.
567.
547.
594.
663.
709.
712.
685.
608.
435.

9091.
8485.
92 07.
7692.
6994.
7722.
6440.
6683.
5746.
4829.
5521.
5242.

-10.5
-6.7
8.5
-16.5
-9. 1
10.4
-16.6
3.8
-14.0
-16.0
14.3
-5.0

-13.6
-25.4
-17.9
-34.8
-36.4
-32.5
-48.7
-38.8
-55.2
-59.7
-50.5
-48.4

21.
19.
21.
. 17.
15.
17.
14.
14.
12.
10.
12.
11.

526,
485.
496.
412.
394.
405,
375.
315.
232.
232.
219.
230.

7167.
6714.
6960.
5965.
5401.
6438.
4979.
5290.
4461.
3938.
4427.
3983.

-12.2
-6.3
3.8
-14.4
-9.5
19.2
-22.7
6.3
-15.7
-11,7
12.4
-10.0

-16.5
-25.1
-20.3
-37.3
-40.4
-32.4
-51.1
-40.6
-56.7
-60.4
-50.4
-51.2

16.
15.
16.
13.
12.
14.
11.
11.
10.
8.
9.
8.

415.
384.
376.
319.
304.
338.
290.
249.
180.
189.
176.
175.

-

* SEASONALLY-ADJUSTED LOANS OUTSTANDING AT END OF PRECEDING MONTH.




MILLIONS | PERCENTAGE CHANGE
FROM PREVIOUS
OF
|
DOLLARS |
YEAR
1.. . . m m
-

T A B L E 223.3B

FEDERAL LAND BANKS
L O A N S C L O S E D AND NEW HONEY L O A N E D
T W E L V E - M O N T H MOVING TOTAL
NEW MONEY L O A N E D

LOANS CLOSED
YEAR
ENDING—

MILLIONS
OF
DOLLARS

CHANGE FROM
P R E V I O U S YEAR
MILLIONS
OF
DOLLARS

PERCENT

| AS P E R C E N T A G E O F
|
1
REPAY1 L O A N S OUT| STANDING*
MENTS
1

405.
418.
430.
436.
434.
432.
423.
419.
408.
406.
393.
378.

451.
433.
424.
412.
404.
400.
398.
394.
389.
385.
384.
387.

3468.
3463.
3536.
3558.
3537.
3556.
3584.
3599.
3605.
3589.
3662.
3696.

80.
5.
3.
-8.
-38.
-39.
33.
88.
106.
90.
217.
218.

2.4
.1
.1
-.2
-1.1
-1.1
.9
2.5
3.0
2.6
6.3
6.3

23.
23.
23.
23.
22.
22.
22.
22.
22.
21.
22.
21.

371.
356.
348.
338.
330.
326.
324.
320.
316.
311.
311.
312.

374.
377.
379.
383.
385.
380.
375.
375.
381.
381.
381,
381.

3747.
3810.
3921.
3978.
4089.
4163.
4247.
4301.
4335.
4362.
4408..
4418.

278.
347.
385.
420.
551.
606.
664.
702.
729.
773.
746.
723.

8.0
10.0
10.9
11.8
15.6
17.1
18.5
19.5
20.2
21.5
20.4
19.6

21.
22.
22.
22.
22.
22.
23.
23.
23.
22.
22.
22.

301.
303.
304;
306.
307.
303.
297.
297.
300.
300.
300.
299.

28.
28.
27.
27.
27.
27.
26.
26.
26.
26.
26.
26.

384.
384.
377.
370.
370.
376.
381.
384.
386.
389.
392.
38r .

4452.
4449.
4388.
4360.
4408.
4452.
4436.
4510.
4569.
4679.
4728.
4758.

705.
639.
466.
382.
320.
289.
189.
210.
234.
317.
320.
340.

18.8
16.8
11.9
9.6
7.8
6.9
4.4
4.9
5.4
7.3
7.3
7.7

22.
22.
21.
21.
21.
21.
20.
21.
21.
21.
21.
21.

302.
302.
296.
290.
290.
295.
299.
303.
304.
307.
310.
306.

10.4
12.0
16.5
21.4
24.2
26.3
30.4
32.3
31.8
32.5
34.9
39.5

27.
27.
27.
28.
29.
29.
29.
30.
30.
30.
30.
31.

398.
403.
4V.
42*.
439.
452.
458.
469.
474.
486.
497.
518.

4951.
5035.
5195.
5400.
5564.
5719.
5872.
6042.
6106.
6263.
6422.
6678.

500.
586.
808.
1040.
1156.
1267.
1437.
1531.
1536.
1584.
1693.
1920.

11.2
13.2
18.4
23.9
26.2
28.4
32.4
33.9
33.6
33.9 ,
35.8
40.4

21.
21.
22.
22.
23.
23.
23.
24.
24.
24.
24.
25.

315.
329.
340.
350.
360..
365.
374.
378.
388.
395.
412.

2382.
2610.
2705.
2860.
2860.
2728.
2611.
2231.
2204.
1937.
1582.
1228.

38.1
41. 1
41.5
42.3
41.0
38.0
35.4
29.4
28.8
24.7
19.6
14.6

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

525.
542.
565.
598.
624.
635.
642.
641.
635.
629.
626.
626.

6858.
7133.
7326.
7741.
7950.
7980.
8063.
7933.
7974.
7933.
7836.
7842.

1907.
2097.
2190.
2341.
2386.
2262.
2191.
1891.
1868.
1670.
1414.
1164.

38.5
41.6
42.2
43.3
42.9
39.5
37.3
31.3
30^6
26.7
22.0
17.4

25.
26.
26.
27.
27.
27.
27.
26.
25.
25.
24.
24.

417.
432.
452.
481.
504.
512.
51S.
519.
514.
510.
509.
511.

982.
713.
570.
198.
18.
191.

11.4
8.0
6.2
2.1

777.
1024.
1322.
1698.
1756.

629.
635.
641.
631.
625.
635.
652.
669.
695.
719.
737.
725.

7853.
7870.
7955.
7950.
7992.
8188.
8389.
8591.
8814.
9011.
9198.
9194.

995.
738.
569.
209.
43.
208.
325.
658.
840.
1078.
1361.
1352.

14.5
10.3
7.7
2.7
.5
2.6
4.0
8.3
10.5
13.6
17.4
17.2

23.
23.
23.
23.

1.9
3.6
7.9
10.4
13.5
17.6
18.3

29.
28.
28.
28.
28.
28.
28.
28.
29.
29.
29.
29.

23.
23.
23.
23.
23.
24.
23.

514.
517.
520.
511.
506.
515.
529.
543.
564.
583.
597.
586.

1636.
1352.
1001.
583.
158.
-408.
-1136.
-1683.
-2448.
-3201.
-3828.
-4246.

17.0
14.0
10.2
5.9
1.6
-4.0
-11.0
-15.9
-22.5
-28.8
-33.7
-37.3

28.
2726.
25.
23.
22.
21.
20.
19.
18.
17.
16.

7C6.
684.
658.
628.
602.
575.
542508.
464.
425.
388.
360.

9062.
8884.
8685.
8344.
7990.
7719.
7311.
7053.
6669.
6247.
5935.
5606.

1209.
1014.
729.
394.

15.4
12.9
9.2
5.0
—.0
-5.7
-12.8
-17.9
-24.3
-30.7
-35.5
-39.0

22.
22.
21.
20.
19.
18.
17.
16.
15.
14.
13.
12.

569.
552.
530.
504.
480.
459.
431.
403.
367.
336.
306.
283.

1976-JAN
-FEB. . . .
—MAR....
-APR....
-MAY
-JON.,. . .
-JUL.,. . .
— AUG.••.
-SEP.,..
-OCT....
-NOV
-DEC....

4214.
4214.
4302.
4342.
4327.
4359.
4395.
4428.
4440.
4434.
4523.
4585.

210.
116.
109.
95.
62.
62.
139.
211.
220.
211.
341.
366.

5.2
2.8
2.6
2.2
1.5
1.4
3.3
5.0
5.2
5.0
8.2
8.7

28.
28.
28.
28.
27.
27.
27.
27.
27.
26.
27.
27.

1977-JAN
-FEB....
-MAE....
—APR..•.
-MAY
-JUN
—JUL....
-AUG....
-SEP....
-OCT....
-NOV
-DEC....

4656.
4739.
4890.
4975.
5130.
5231.
5356.
543 8.
5494.
5539.
5608.
5619.

442.
525.
588.
633.
803.
871.
960.
1010.
1054.
1105.
1085,
1034.

10.5
12.4
13.7
14.6
18.6
20.0
21.9
22.8
23.7
24.9
24.0
22.5

27.
27.
27.
28.
28.
28.
29,
29.
29.
28.
28.
28.

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

5658.
5662.
5602.
5572.
5625.
5678.
5648.,
5726.
5801.
5928.
5980.
6014.

1002.
923.
711.
597.
495.
448.
292.
288.
307.
389.
372.
395.

21.5
19.5
14.5
12.0
9.7
8.6
5.5
5.3
5.6
7.0
6.6
7.0

1979-JAN
-FEB....
- M A R . ...
-APR....
-MAY
—JUN....

6246.
6343.
6523,
6764.
6984.
7171.
7367.
7578.
7648.
7853.
8067.
8391.

588.
682.
922.
1192,
1359.
1493.
1719.
1852.
1847.
1924.
2088.
2377.

8627.
8953.
9228.
9624.
9844.
9899.
9978.
9809.
9852.
9790.
9649.
9619.
9610.
9666.
9798.
9822.
9862.
10090.
10340.
10585.
10876.
11113.
11347.
11375.
11245.
11018.
10799.
10404.
10019.
9682.
9204.
8902.
8428.
7911.
7519.
7129.

-MAY
-JUN.- . .
— AUG....
-OCT
-DEC....
1982-JAN....

362.

.2

* A V E R A G E L O A N S O U T S T A N D I N G D U R I N G THE P R E C E D I N G




REPAYMENTS

28.
28.
28.
28.
27.
27.
26.
25.
25.
24.
24.
24.

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

1981-JAN
-FEB....

| LOANS OUT|
STANDING*

26.5
28.1
29.7
28.1
25.4
22.9
16.2
13.1
10.1
8.8
5.4
4.1

24.9
27.3
29-5
28.7
26.6
24.6
18.2
15.6
12.9
11.6
8.7
7.1

-AUG...i
-SEP,. . . .
-OCT
-NOV
-DEC....

PERCENT

AS P E R C E N T A G E OF

710.
759.
809.
781.
724.
670.
496.
406.
320.
283.
175.
138.

798.
878.
954.
947.
895.
848.
654,
570.
483.
439.
336.
279.

-MAY....
-JUN....

I"MILLIONS
OF
I
1
DOLLARS

1

3388.
3458.
3533.
3566.
3576.
3594.
3551.
3510.
3499.
3499.
3445.
3478.

4005.
4099.
4193.
4247.
4265.
4297.
4256.
4217.
4220.
4223.
4181.
4219.

1980-JAN
-FEB....

C H A N G E FROM
P R E V I O U S YEAR

479.
496.
511.
519.
513.
516.
507.
503.
492.
490.
477.
459.

1975-JAN
-FEB....
-MAR....
-APR....
-MAY
-JON....
-JUL....
—AUG....
-SEP....
- O C T . .. .
-NOV
-DEC....

-AUG....
-SEP....
-OCT....
-NOV. . . .
- D E C . ...

MILLIONS
OF
DOLLARS

I
|

.

.

TWELVE M O N T H S

-2.

-470.
-1077.
-1538.
-2145.
-2764.
-3263.
-3588.

(AVERAGE OF E N D - O F - M O N T H

DATA).

22.

32a.

20
TABLE 2 2 4 . I B

FEDERAL LAND BARKS
REFINANCING AND REPAYMENTS
REPAYMENTS

MONTH

I
MILLIONS J
OF
|
DOLLARS |
1

|

AS

| LOANS OUT|
STANDING*
1

1
1

REFINANCING OF FEDERAL LAND BANK LOANS
PERCENTAGE CHANGE
FROM PREVIOUS

LOANS
CLOSED

OF

|

i
BILLIONS J
OF
|
REPAYMENTS |
DOLLARS |
AMD
|
REFINANCING 1
1

PERCENTAGE CHANGE
FROM PREVIOUS
MONTH

YEAR

AS
1
| PERCENTAGE
1
CE
| LOANS OUT—
1
STANDING*

MONTH

YEAR

64.
60.
72.
71.
64.
67.
61.
47.
62.
56.
56.
63.

11.7
-6. 3
20.4
-.7
-9.6
3. 5
-8.7
-22.0
30.9
-10.2
1.4
11.3

34.5
65.8
38.7
40.5
15.0
25.6
4.8
2.5
29.2
5.7
27.2
10.5

.5
»4
.5
.5
.4
.5
.4
.3
.4
.4
.4
.4

16.
17.
16.
18.
17.
18.
1fl.
16.
20.
17.
22.
17.

32.
48.
51.
53.
51.
52.
49.
47.
49.
44.
41.
32.

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

135.
64.
68.
64.
63.
61.
64.
53.
63.
70.
80.
135.

46.6
-52.5
6.5
-6.4
-1.2
-3.7
5.1
-16.4
18.9
10.7
14.6
68.6

4.9
-13.0
-8.6
-4.4
9. 1
17.9
11.9
-2.1
46.4
6.6
21.8
47.4

1.0
.5
.5
.4
.4
,4
.4
.4
.4
.5
.5
,9

68.
64.
87.
89.
69.
81.
69.
65.
68.
66.
72.
92.

8.0
-5. 2
35.2
2.5
-22. 1
16. 5
-14.9
-6. 1
5.0
-2.7
8.8
28.3

. 6.9
8.0
21.3
25.3
8.0
21.5
13.3
36.4
9.5
18.5
27.2
46.6

.4
.4
.5
.5
.4
.5
.4
.4
.4
.4
.4
.5

17.
19.
16.
20.
19.
20.
19.
20*
21.
21.
28,
21.

31.
38.
44.
47.
46.
50.
47.
47.
46.
45.
40.
39.

|
|
|
|
|
|
|
|
|
|
J
|

149.
103.
110.
101.
81.
81.
79.
73.
79.
82.
106.
142.

10.0
-31.0
7.4
-8.5
-19.8
-.5
-2.2
-7.9
9.3
3.5
29.2
33.3

10.6
60.6
61.9
58.3
28.6
32.9
23,7
36.4
25.4
17.2
32.2
4.5

.9
.6
.7
.6
.5
.5
.5
,4
.4
.5
.6
.8

88.
83.
127.
117.
113.
107.
110.
93.
90.
83.
95.
93.

-4.9
-4.9
52.6
-7.6
-3. 5
-5.3
2.6
-15.4
-2.8
-8.0
13.7
-1.5

29.1
29.5
46.2
31.8
63.2
32.8
60.0
44. 1
33.. 3
26. 1
31.7
1.1

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

19.
19.
19.
23.
22.
21.
22.
23.
24.
2 3.
23.
21.

30.
42.
47.
52.
50.
46.
46.
50.
55.
47.
43.
39.

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

208.
117.
143.
110.
113.
125.
132.
93.
74.
92.
123.
148.

46.7
-43.6
22.1
-23.3
3.3
10.6
5.0
-29.6
-20.5
25.3
33.6
20.0

39.3
13.8
29.5
8.6
39.9
55.6
67.0
27.6
-7.3
12.1
15.9
4.4

1.1
.6
.8
.6
.6
.6
,7
.5
.4
.4 x
.6
.7

1978-JAN
-FEB....
-MAR....
-APR.-..
-MAY....
-J0N....
-JUL....
-AUG... .
—S E P . . . .
-OCT....
-NOV....

93.
89.
128.
116.
117.
117.
96.
96107.
101.
97.
98.

.3
-4.4
43.6
-9.4
.8
.2
-18.2
. 1
11.3
-6.0
-4.0
1.0

6.6
7.2
.9
-1.0
3.5
9.4
-12.7
3.3
18.2
20.8
2.1
4.7

.4
.4
.6
.5
.5
.5
.4
.4
.5
.4
.4
.4

19.
21.
21*
24.
21.
21.
21.
20.
24.
21.
21.
20.

31.
43.
46.
47.
48.
50.
49.
49.
55.
47.
44.
35.

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

203.
120.
152.
129128.
118.
102.
102.
87.
113.
124.
178.

37.7
-40.9
26.7
-15.2
-1.3
-7.2
-13.9
-.4
-14.4
30.2
9.6
43.9

-2.0
2,7
6.6
17.9
12.6
-5. 6
-22.5
9.7
18, 1
22.7
.6
20.7

.9
.6
.7
.6
.6
.5
.4
.4
,4
,5
.5
.7

1979-JAN....
-FEB....
-MAR...i
-APR....
-MAY
-JUN....
-JUL,....
-AUG....
-SEP....
-OCT....
-NOV....
—DEC....

132.
103.
148.
153.
173.
151.
138.
138.
113.
148.
152.
165.

35.5
-22. 1
43.8
3. 1
-3.0
-12.7
-8.5
.3
-18.5
31. 1
3. 1
8.3

41.4
15.3
15.5
31.4
47.2
28.3
43.5
43.7
5.3
47.0
57.8
69.2

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

18.
19.
19.
21.
22.
20.
21.
20.
21.
21.
22.
20.

38.
46.
48.
53.
57.
56.
53.
56.
57.
56.
53.
49.

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

217.
123.
158.
137.
131.
117.
123.
108.
85.
114.
133.
175.

21.9
-43.4
28.3
-13.1
-4.6
-10.7
5.3
-12.1
-21.5
34.8
15.9
32.2

6.9
2.3
3.6
6.1
2.5
-1.3
20.7
6.5
-2.3
1. 1
7.0
-1.7

.9
,5
.6
.5
.5
.4
.5
.4
.3
.4
.5
.6

1980-JAN....
-FEB....

188.
154.
170.
194.
184.
176.
133.
99.
115.
127.
109.
129.

14. 1
-18. 1
10.0
14. 1
-5.3
-4.3
-24.0
-25.8
16.2
9.9
-14.2
18.5

42.5
49.9
14.6
26.9
6.4
16.7
-3.1
-2f.3
2.2
-14.3
-28.7
-22.0

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

19.
18.
16.
17.
18,
22.
18.
19.
20.
20.
20.
17,

44.
54.
55.
63.
65.
64.
53.
54.
52.
' 52.
48.
43.

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

240.
130.
141,
114.
97.
100.
116.
84.
107.
119.
116.
170.

37.0
-45.7
8.0
-19.2
-14.7
3.6
15.9
-27.6
26.8
11.5
-2.2
46.2

10,4
5.9
-10.8
-17.1
-25.8
-14.0
-5.3
-22.0
26.0
4.2
-12.1
-2.8

.8
.4
.5
.4
.3
,3
.3
,2
.3
.3
.3
.5

1981-JAN. . • .
-FEB....
-MAR....
-APR....
-MAY....
- JU is»
-JUL....
—AUG....
-SEP....
-OCT....
-NOV....

168.
194.
217.
223.
181.
208.
183.
142.
183.
166.
157.
160.

30.4
15.4
11.9
2.8
-18.7
14.9
-12. 1
-22.6
29.0
-9.0
-5.7
1.8

-10.9
25.6
27.7
15.0
-1.3
18.4
37.0
43.0
58.7
31.4
44.4
24.2

.5
.5
.6
-6
.5
.5
.5
.3
.4
.4
.4
.4

17.
21.
18.
19.
17.
20.
19.
18.
21.
19.
20.
20.

42.
61.
60.
61.
60.
65.
62.
64.
67.
62.
58.
45.

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

231.
126.
147.
141.
120.
111.
114.
79.
89.
100.
112.
199.

35.7
-45.6
17.2
-4.5
-14.7
-7.5
2.5
-30.4
. 12.9
11.9
11.8
78.1

-3.7
-3.5
4.7
23.7
23.7
10.4
-2.3
-6. 1
-16.4
-16. 1
-4. 1
16.9

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

1982-JAi....
-FEB....
-MAR....
-APR....
-MAY....
-JUN....
-JUL....
—AUG.•..
-SEP....
-OCT....
-NOV....
-DEC....

170.
145.
197.
170.
149.
142.
113.
98.
92.
72.
77.
99.

6.6
-15. 1
36. 1
-13.9
-11.9
-4.7
-26.7
-13.6
—5.6
-21.3
5.6
29.2

1.5
-25.3
-9.2
-23.9
-17.6
-31.6
-38.3
-31.1
-49.6
-56.4
-51.2
-38.1

.4
.3
.4
.4
• .3
.3
.2
.2
.2
.2
.2
.2

20.
2120.
22.
22.
21.
22.
21.
24.
21.
20.
24.

40.
50.
53.
52.
54.
52.
47.
42.
37„
34.
29.
29.

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

256.
142.
178.
157.
127.
131.
129.
133,
155.
143.
191.
240.

28.5
-44.4
25.0
-11.9
-18.9
3.3
-2.0
3.9
16.1
-7.7
33.4
25.9

10.7
13.1
20.7
11.4
5.8
18.2
13.0
68.6
73.5
43.1
70.8
20.8

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

1975-JAN....
-FEB....
-APR....
-MAY....
-JON....
-JUL....
— AUG. . . . .
-SEP....
-OCT.
-NOV
-DEC....
1976-JAN....
-FEB....
—MAR....
-APR... .
-MAY....
-JON
-JUL....
-SEP.,..
-OCT....
-NOV
-DEC....
1977-JAN
-FEB
-MAR....
-APR....
-MAY....
—JUN....
-AUG....
-SEP-. . . .
-OCT
-NOV....
-DEC

-MAY
-JUN
-JUL....
-AUG....
-SEP.,...
-OCT....
-NOV
-DEC....

.

.

• LOANS OUTSTANDING AT END OF PRECEDING MONTH.
"REFINANCING OF FEDERAL LAND BANK L O k N S " I S COMPETED AS LOANS CLOSED LESS NEW HONEY LOANED.
4-JR1 COMPUTED AS HSU * 0 1 * 1 LOAMJEJO L E S S THE CHARGE IN LOANS OUTSTANDING.
FRASER

Digitized for


21
TABLE 2 2 4 . 2 M
FEDERAL LAUD BANKS
R E F I N A N C I N G AND REPAYMLNTS
S E A S O N A L L Y - A D J U S T E D ANNUAL BATE

!

R E F I N A N C I N G OF FEDERAL LAND BANK LOANS

i
1
| MILLIONS J
OF
|
1
DOLLARS |
1
1.
1

MONTH

PERCENTAGE CHANGE
FRO* PREVIOUS
MONTH

YEAR

|

I
I
I
AS PEBCENTAGE OF
|
J
1
1 MILLIONS J
I LOANS OUTLOANS
REPAYMENTS |
OF
J
|
STANDING*
CLOSED
AND
1
DOLLARS 1
1
REFINANCING!

REPAYMENTS
PERCENTAGE CHANGE
FROM P R E V I O U S
MONTH

YEAR

I
AS
I PERCENTAGE
I
OF
1 LOANS OUT1
STAMDTNTT*

1 9 7 5 - J AN
J
-FEB
1
-MAR
|
-APR
1
-MAY
|
-JUN.
1
-JUL....|
— AUG e . . . I
-SEP
1
-OCT
|
-NOV
|
-DEC
|

729.
779.
703.
737.
695.
740.
756.
650.
823.
744.
793.
780.

5.4
6.9
-9. 8
4.9
-5. 8
6.6
2. 1
-13.9
26.5
-9.6
6.6
-1.6

37.4
68.5
38.8
39.0
14.5
24.7
2.6
2.9
26.9
7.7
26.5
17.8

5.4
5.7
5.0
5.2
4.8
5. 1
5.1
4.3
5.4
4.8
5.0
4.9

17.
17.
17.
17.
17.
17.
18.
17.
19.
17.
22.
17.

44.
51.
49.
48.
45.
46.
45.
44.
43.
42.
45.
38.

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

921.
763.
740.
798.
852.
859.
926.
834.
1105.
1011.
962.
1253.

8.6
-17.2
-3.0
7.8
6.8
.8
7.8
-9.9
32.5
-8.5
-4.9
30.3

4.2
-13.9
-10. 1
—5. 6
7. 5
16. 0
11.0

1976-JA N
|
-FEB....|
-MAR
|
-APR.
t
-MAY
J
-JUN
|
-JUL....|
-AUG. . . . |
-SEP
1
-OCT
|
"NOV
|
-DEC....|

799.
848.
845.
910.
745.
893.
850.
886.
893.
904.
996.
1169.

2.4
6.2
-.3
7.6
-18. 1
19.8
-4.8
4.2
.8
1.2
10.2
17.4

9.5
8.8
20.3
23.4
7.2
20.6
12.5
36.3
8.6
21.6
25.7
49.9

5.0
5.2
5. 1
5.4
4. 4
5.2
4.9
5.1
5.0
5.0
5.5
6.4

18.
19.
17.
19.
19.
20.
19.
20.
19.
20.
20.
22.

44.
41.
42.
42.
41.
44.
43.
44.
39.
43.
43.
47.

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

1020.
1232.
1179.
1251.
1080.
1121.
1134.
1150.
1382.
1199.
1297.
1309.

-18.6
20.8
-4.3
6. 1
-13.7
3.9
1.1
1.4
20.2
-13.3
8.2
.9

10.8
61.5
59.3
56. 8
26.7
30.5
22.5
37.9
25. 1
18.6
34.9
4.4

1977-JA N
|
-FEB....J
-MAR
1
-APR....|
-MAY
|
-JUN....|
-JUL
1
-AUG
1
-SEP
|
-OCT
|
-NOV
1
-DEC....|

1041.
1105.
1224.
1188.
1204.
1173.
1369.
1281.
1189.
1152.
1316.
1202.

-11.0
6.2
10.8
-3.0
1.4
-2.6
16.7
-6.4
-7.2
-3.1
14.3
-8.6

30.4
30.4
44.8
30.6
61.6
31.4
61.0
44.5
33.1
27.4
32.1
2.8

5.6
5.9
6.4
6. 1
6. 1
5.9
6.8
6.3
5.8
5.5
6.2
5.6

20.
20.
20.
21.
22.
.11.
22.
23.
22.
23.
22.
22.

42.
44.
45.
47.
44.
40.
42.
47.
48.
46.
46.
47.

1440.
1408.
1496.
1349.
1502.
1729
1876.
1472.
1273.
1344.
1533.
1364.

10.0
-2.2
6.2
-9.8
11.4
15.1
8.5
-21.5
-13.5
5.6
14.1
-11.0

41. 1
14.3
26.9
7.8
39. 1
54. 2
65.5
28.0
-7.9
12. 1
18.2
4.2

8.7
9.3
7.2
6.2
6.5
7.3
6.4

1978—JAN
|
-FEB
1
-MAR... . j
-APR.,..|
-MAY
|
-JUN.
1
-JUL....j
-AUG
1
-SEP
J
-OCT....|
-NOV
J
-DEC....|
|
1979-JAN
|
-FEB
f
-MAR
|
-APR
|
-MAI
1
-JUN
|
-JUL.... |
-AUG
|
-SEP
|
-OCT
|
-NOV
|
-DEC
1

1107.
1191.
1226.
1168.
1228.
1278.
1204.
1338.
1413.
1389.
1344.
1277.

-7.9
7.6
2.9
-4.7
5. 1
4. 1
-5.8
11.2
5.6
-1.J
-3.2
-5.0

6.3
7.8
.1
-1.7
2.0
9.0
-12.1
4.5
18.8
20.6
2.1
6.2

5.1
5.5
5.6
5.2
5.5
5.6
5.2
5.8
6.0
5.8
5.5
5.2

20.
22.
22.
22.
21.
20.
21.
20.
21.
20.
20.
21.

44.
45.
44.
42.
42.
44.
4b.
45.
49.
46.
46.
44.

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

1417.
1467.
1579.
1587.
1685.
1627.
1434.
1609.
1497.
1653.
1561.
1655.

3.9
3.5
7.7
.5
6.2
-3.5
-11.8
12.2
-7.0
10.4
-5.5
6.0

-1.6
4. 1
5.6
17.6
12.2
-5. 9
-23.6
9.3
17. 6
23.0
1.8
21.3

6m7

1551.
1381.
1406.
1531.
1788.
1625.
1747.
1955.
1500.
2013.
2159.
2188.

21.5
-11.0
1.9
8. 8
16.8
-9.2
7.5
11.9
-23. 3
34.2
7.3
1.3

40.1
15.9
14.8
31.0
45.6
27.1
45. 1
46.1
6.2
44.9
60.6
71.3

6.2
5.5
5.5
5.9
6.8
6. 1
6.5
7. 1
5.4
7. 1
7.5
7.4

19.
21.
19.
20.
22.
19.
21.
20.
19.
21.
22.
22.

51.
48.
46.
46.
51.
50.
51.
53.
51.
55.
56.
57.

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

1509.
1509.
1628.
1670.
1747.
1627.
1708.
1706.
1442.
1660.
1700.
1614.

-8.8
.0
7.9
2.6
4.6
-6.9
5.0
-. 1
-15.4
15. 1
2.4
-3.9

6.5
2.9
3. 1
5.3
3. 7
.0
19. 1
6. 0
—3 . 6
-5
8. 8
-1.3

5.6

1980-JAN
1
-FEB....!
-MAR....1
-APR
J
-MAY
|
-JUN
|
-JUL
|
-'AUG. . . . j
-SEP....|
—OCT. . . . |
-NOV
|
-DEC
|

2171.
2065.
1609.
1932.
1891.
1690.
1701.
1428.
1539.
1709.
1558.
1711.

-.8
-4.9
-22. 1
20. 1
-2. 1
-.0
-10.0
-16.0
7.8
11.0
-8.8
9.8

40.0
49.5
14.4
2f>. 2
5.7
16.3
-2.6
-26.9
2.6
-15. 1
-27.8
-21.8

7.3
6.8
5.2
6. 1
5.8
5.7
5. 1
4.2
4.5
4.9
4.4
4.8

20.
19.
16.
17.
18.
21.
18.
19.
18.
20.
20.
17.

57.
56.
52.
58.
59.
57.
52.
52.
46.
50.
51.
52.

1648.
1613.
1458.
1372.
1311.
1424.
1590.
1331.
1781.
1727.
1515.
1593.

.9
-2.1
-9.6
-5.9
-4.4
8.6
11.7
-16.3
33.8
-3.0
-12.3
5.2

9.2
6.9
-1U.4
-17.9
-25.0
-12.4
-6.9
-22.0
23.4
4.0
-10.9
-2.5

5.5
5.3
4.7
4.3
4.1
4.3
4.8
3.9
5.2
5.0
4.3
4.5

1 981-JAN
|
-FEB....j
-MAR
1
-APR....|
-MAY
|
-JUN....|
-JUL....|
-AUG
|
-SEP.
1
-OCT
|
-NOV
|
-DEC
1

1915.
2581.
2050.
2211.
1870.
22 2 2 .
2342.
2071.
2462.
2225.
2286.
2122.

11.9
34.8
-20.6
7.9
-15,4
18.8
5,4
-11.6
18.9
-9.6
2. 8
-7.2

-11.8
25.0
27.4
14.4
-1.1
17.6
37.7
45.0
60.0
30.2
46.7
24.0

5.3
7.0
5.5
5.8
4.8
5.6
5.9
5. 1
6.0
5. 3
5.3
4.9

18.
23.
18.
19.
17.
19.
19.
19.
19.
19.
20.
21.

55.
62.
57.
57.
53.
58.
60.
62.
63.
61.
61.
53.

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

1573.
1554s.
1533.
1680.
1657.
1603.
1534.
1255.
1449.
1449.
1468.
1876.

-1.3
-1.2
-1.4
9.6
-1.4
-3.3
-4.3
-18.2
15.4
.0
1.3
27.8

-4.5
-3.7
5. 1
22.5
26.4
12.5
-3.6
-5.7
-18.6
-16.1
-3. 1
17.7

4.3
4.2
4. 1
4.4
4.3
4.1
3.8
3.1
3.5
3.4
3.4
4.3

1982-JAN
|
-FEB
1
-MAR . . . . |
-APR
|
-MAY
1
-JUN.».. |
-JUL....|
-AUG....|
-SEP
|
-OCT
1
-NOV
|
1
-DEC
I

1928.
1923.
1859.
1675.
1545.
1517.
1441.
1440.
1247.
967.
1121.
1310.

-9. 1
-.3
-3.3
-9.9
-7. 8
-1. 8
-5.0
-.0
-13.4
-22.5
16.0
16. 8

.7
-rS-.5
-9.3
-24.3
-17.4
-31.7
-38.5
-30.4
-49.3
-56.5
-51.0
-38.3

4. 4
4i3
4. 1
3.7
3.4
3.3
3.1
3. 1
2.7
2. 1
2.4
2.8

21.
23.
20.
22.
22.
20.
22.
22.
22.
20.
20.
25.

53.
52.
50.
47.
47.
44.
46.
40.
33.
32.
31.
36.

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

1728.
1751.
1854.
1868.
1777.
1907.
1717.
2122.
2481.
2079.
2521.
2280.

-7.9
1.3
5.9
.7
-4.9
7.3
-10.0
23-6
16.9
-16.2
21.2
-9.5

9.9
12.7
21.0
11.2
7.2
18.9
11.9
69. 1
71.2
43.5
71.7
21.6

3.9
3.9
4. 1
4. 1
3.9
4.2
3.7
4.6
5.3
4.4
5.3
4.8

* S E A S O N A L L Y - A D J U S T E D LOANS OUTSTANDING
"REFINANCING



6.8
5.6
5.3

ll:l

8. 0
26.2
47.7

7.9
6.3
7.6
7.1
7.5
6.4
6.6
6.6
6.6
7.8
6.7
7^1

1—
AT END OF P R E C E D I N G

OF FEDERAL LAND B1MK L O A N S " I S

MONTH.

COMPOTED IS LOANS CLOSRQ L E S S

ME# JLOHBV XOAMSJX-

**JQ T»SW

slMUBOSUXLir jkttJULcxtHJB-

22
FEDERAL LAND BANKS
REFINANCING AND REPAYMENTS
TH2LV3—MONTH MOVING TOTAL

TABLE 2 2 4 . 3 M

REPAYMENTS

" R E F I N A N C I N G OF FEDERAL LAND BANK LOANS
CHANGE FROM
PREVIOUS YEAR
JSMU-LMti

I
1
1
1
1
1975-JAN....|
-FEB....|
-MAR
J
-APR....|
-MAY
1
-JUN....I
—JUL....|
-AUG
1
-SEP....|
—OCT....|
-NOV
|

DOLLARS

MILLIONS
OF
1 DOLLARS

|

PERCENT

AS PERCENTAGE OF
LOANS OUTSTANDING*

LOANS
CLOSED

REPAYMENTS
AND
REFINANCING

AS
|
CHANGE FROM
I
| JEERCBNTAGE
PREVIOUS ! YEAR
MILLIONS J
OF
OF
|
1 ]LOANS O U T DOLLARS | M I L L I O N S
STANDING*
PERCENT |
OF
1
DOLLARS
1
,
1

617.
640.
660.
681.
689.
703.
706.
707.
721.
724.
736.
742.

88.
119.
145.
166.
171.
178,
158.
164.
163.
156.
161.
141.

16.7
22.9
28.1
32.1
32.9
33.9
28.9
30.3
29.3
27.5
28.0
23.5

5.0
5- 1
5.2
5.3
5.2
5.2
5.2
5. 1
5. 1
5. 1
5. 1
5.0

15.
16.
16.
16.
16.
16.
17.
17.
17.
17.
18.
18.

42.
44.
45,
45.
46,
46.
46.
46.
46.
46.
46.
45-

837.
827.
821.
818.
823.
832.
839.
838.
358.
862.
877.
920.

J1.
9?
-4.
-13.
—6.
7.
9.
9.
30.
25.
54.
90.

3.9
1. 1
-.5
-1,6
-.8
.9
1.0
1. 1
3.7
3.0
6.6
10.8

6.8
6. 6
6.5
6.3
6.2
6.2
6, 2

1
1 9 7 6 - J AN,. . . . |
-FEB
1
— MAR.•••i
-APR....|
-MAY
|
-JUN
1
—JUL*... I
-AUG
1
—SEP....|
-OCT....|
-NOV....I
-DEC....|

746.
751.
766.
784.
789.
804.
812.
829.
835.
845.
860.
890.

129.
111.
106.
103.
100.
101.
106.
122.
114.
121.
125.
148.

21.0
17.3
16.0
15.2
14.5
14.3
15.0
17.3
15.8
16-8
16.9
19.9

5.0
5. 0
5.0
5.0
5.0
5.0
5.0
5. 1
5. 0
5.0

18.
18.
18.
18.
18.
18.
18.
19.
19.
19,
19.
19.

44.
44.
43.
43.
42.
42.
42.
42.
42.
42.
42.
43.

934,
973.
1015.
1053.
1071.
1091.
1106.
1125.
1141.
1153.
1179.
1185.

98.
146.
195.
235.
248,.
25&.
267.
287.
283.
291.
302.
265.

11.7
17.7
23.7
28.7
30.1
31.0
31.8
34.3
33.0
33.7
34.5
28. 8

6.3
6.4
6.6
6.8

909.
928.
969.
997.
1041.
10671109.
1137.
1160.
1177.
1200.
1201.

163.
177.
202.
213.
252.
264.
297.
308.
325.
332.
339.
311.

21.9
23.6
26.4
27.1
31.9
32.8
36.6
37.2
38.9
39.3
39.4
35.0

20.
20.
20.
20,
20.
20.
21.
21.
21.
21,
21.
21.

42.
42.
43.
43.
44.
44.
44.
44.
45.
45.
45.
45.

1244.
1258.
1291.
1299.
1331.
1376.
1429.
1449.
1443.
1453.
1470.
1476.

309.
285.
275.
246.
261.
286.
323.
324.
302.
300.
291.
291.

33. 1
29.3
27, 1
23.4
24.4
26.2
29.2
28.8
26.5
26.0
24.7
24.6

7.1

1977-JAN
|
-FEB.-..|
—MAR....|
-APR....1
-MAY
|
-JUN....|
-JUL....|
—AUG....|
-SEP.
1
-OCT....|
-NOV
1

1207.
1213.
1214.
1212.
1216.
1226.
1212.
1215.
1232.
1249.
1251.
1256.

297.
284,.
245.
215.
175.
159.
104.
7872.
72.
51.
55.

32.7
30.6
25.3
21.6
16-9
14.9
9.4
6.9
6.2
6.1
4.3
4.6

21.
21.
22.
22,
22.
22.
21.
21.
21.
21.
21,
21.

45.
45.
45.
45,
44.
45.
45.
45.
45.
45.
4545-

1472.
1475.
1485.
1504,
1519.
1512.
1482.
1491.
1504.
1525.
1526.
1557.

228.
217,
194.
205,
187.
135.
53.
42.
61.
72.
56.
80.

18.4
17.3
15.0
15.8
14. 1
9,8
3.7
2.9
4.2
5.0
3.8
5.4

7.3
7e 2
7.2
7.2
7.2
7.1
6. 8
6.8
6, 8
6, 8
6.7
6, 8

1979-JAN
1
-FEB
|
-MAR....|
-APR
|
-MAY
1
—JUN....|
—JUL. . . . |
— AU G . . . . . |
-SEP....|
-OCT
|
-NOV
1
-DEC.... |

1294.
1308.
1328.
1364.
1420.
1453.
1495.
1537.
1542.
1590.
1645.
1713.

88.
95.
114.
152.
203.
226.
282.
321310.
340.
394.
457.

7.3
7.9
9.4
12.5
16.7
18.5
23.3
26.4
25-2
27.2
31.5
36.4

5. 6
5.6
5. 6
5.7
5. 8
5.9
6.0
6.0
6.0
6. 1
6.4

21.
21,
20.
20.
20.
20.
20.
20.
20.
20.
20.
20-

45.
45,
46.
46.
47.
48.
48.
49.
49.
50.
50.
51.

1570.
1573.
1579.
1587.
1590.
1588.
1609.
1616,
1614.
1615,
1624.
1621,

98.
98,
94.
82.
71.
77.
127.
125.
110.
90.
98.
64.

6.7
6.6
6.3
5.5
4.7
5. 1
8.6
8.4
7.3
5.9
6.4
4.1

6.8
6.7
6.6
6, 6
6.5
6.4
6.4
6,4
6.3
6.2
6.1
6.0

1980-JAN.,..|
-FEB.... |
-MAE
1
—APR.... 1
-MAY
1
-JUN....|
-JUL... . . |
— AU G . . . . * |
-SEP....«
-OCT.... |
-NOV....J
—DEC....|

1769,
1820.
1842.
1883.
1894.
1919.
1915.
1876.
1878.
1857.
1813.
1777.

475.
512.
514.
519474.
466.
420.
339.
336.
268.
168.
64.

36.7
39.2
38.7
33.0
33.4
32.1
28.1
22.1
21.8
16.8
10.2
3.7

6.5
6.5
6.5
6.5
6. 5
6-4
6.3
6. 1
6.0
5. 8
5.6
5.4

21.
20.
20.
20.
19.
19,
19.
19,
19.
19.
19.
18.

5252.
53.
54,
55.
55.
55.
55.
55.
54.
54.
54.

1643.
1651,
1634,
1610.
1576.
1560.
1554.
1530.
1552.
1557.
1541.
1536.

73.
77.
55.
24.
-13.
-28.
-56.
-86.
-62.
-59.
-83.
-85.

4.6
4.9
3.5
1, 5
-.8
-1.8
-3,5
-5.3
-3. 8
—3. 6
-5. 1
-5.3

6.0
5.9
5. 8
5, 6
5.4
5.2
5.1
5.0
4,9
4.9
4.7
4.7

1981-JAN....|
-FEB
1
-MAR.... 1
— AP R . « . . |
-MAY.... |
—JUN.... |
-JUL....|
—AUG....|
-SEP.. ., |
-OCT....|
-NOV
|
-DEC....|
1
1982-JAN
1
-FEB....|
—MAR....1
—APR....1
-MAY
|
—JUN..••|
—JUL....|
-AUG
1
-SEP....|
-OCT. . . . |
-NOV
|
-DEC
|

1756.
1796.
1843.
1872.
1870.
1902.
1951.
1994.
2062.
2101.
2149.
2181.

-13.
-25.
1.
-11.
-24.
-17.
37.
118.
183.
244.
336.
404.

-.7
-1.3
.0
-.6
-1.3
-.9
1.9
6.3
9.8
13. 1
18.5
22.7

5.2
5-3
5.3
5,3
5-2
5-3
5-3
5.3
5.4
5.5
5.5
5.5

18.
19.
19.
19.
19.
19.
19.
19.
19.
19.
19.
19,

53.
54.
55.
55.
54.
54..
55.
56.
57.
58.
58.
58.

1527.
1522.
1529.
1556.
1579.
1589.
1586.
1581.
1564.
1545.
1540.
1568.

-117.
-129.
-105.
-54.
2.
29.
33.
52.
12.
-12.
-1.
33.

-7.1
-7.8
-6.4
-3,4
. 1
1.9
2. 1
3,4
,8
-.8
-.0
2. 1

4.6
4.5
4.4
4.4
4.4
4.4
4.3
4.2
4. 1
4.0
3.9
3,9

2183.
2134.
2114.
2061.
2029.
1963.
1893.
1849.
1758.
1665.
1584.
1523.

427.
338.
271.
189.
159.
61.
-58.
-145.
-303.
-437.
-565.
-657.

24.3
18.8
14.7
10.1
8.5
3.2
-3. 0
-7.3
-14.7
-20.8
—2 6 . 3
-30.1

5.4
5.2
5. 1
' 4.9
4.7
4.5
4.3
4.2
3.9
3-7
3-5
3.3

19.
19.
20.
20.
20.
20.
21.
21.
21.
21.
21.
21.

5857.
5655.
5554.
53.
51.
49.
47.
45.
43.

1593.
1610.
1640.
1656.
1663.
1683,
1698.
1752.
1818.
1861.
1940.
1982.

67.
87.
111,
100.
84.
94,
112.
171254.
317.
401.
413.

4. 4
5.7
7.3
6.5
5.3
5.9
7.0
10.8
16.3
20-5
26.0
26,3

3.9
3.9
3,9
3.9
3.9
3.9
3.9
4.0
4.1
4. 1
4.3
4.3

1978-JAN
-FEB

1
1
|

-APR
|
-MAY....|
-JUN
|
-JUL....|
-AUG, . . . |
-SEP
|
-OCT....|
-NOV
J
DEC....|

5.2
5. 3
5.4
5.5
5.7

6.0
5.9
5. 8
5. 7
5.7
5. 5
5.5
5.6
5. 6
5.5
5.5

6.2

"

» AVERAGE LOANS OUTSTANDING DURING THE PRECEDING TWELVE MONTHS




(AVERAGE OF BND-OF-MONTH D A T A ) .

6.1
6.0
6.0
6, 2

6.8
6.9
6.9
6.9

7.3
7.4
7. 6
7.6
7.5
7.5
7.5

TABLE 2 3 1 . 1 M
L I F E I N S U R A N C E COMPANIES
FARM MORTGAGES OUTSTANDING AND ACQUIBED
FARM MORTGAGES OUTSTANDING

FARM MOBTGAGES ACQUIBED

J
MILLIONS
MONTH

|
1

END OF
MONTH

QF

DOLLARS

|

I CHANGE FROM P R E V I O U S |
1
*
EAJi
|
1 .-..5QNTH

PERCENTAGE CHANGE
FROM P R E V I O U S
SOilH™

YEAR

M I L L I O N S O F DOLLARS
ACQUIRED
IN
MONTH

PERCENTAGE CHANGE
FROM P R E V I O U S
MONTH

YEAR

-20."
-2.
9.
-8.
11.
68.

-9.
100.
-5.
28.
-20,
-22.
-41.
-20.
7.
-18.
12.
56.

-17.5
105.0
-27.4
.8
-37.5
.0
-26.7
-3. 6
17.0
-12.9
20.4
135.4

-10.1
156.2
-4.0
30.4
-21.1
-22.7
-42.7
-27.4
12.7
-25.0
22.6
57.7

100.
116.
136.
128.
125.
131.
138.
106.
123.
79.
116.
242.

-53.
16.
20.
-8.
-3.
6.
7.
-32.
17.
-44.
37.
126.

20.
-48.
17.
8.
50.
56.
83.
53.
61.
25.
51.
89.

-34.6
16.0
17.2
-5.9
-2.3
4.8
5.3
-23.2
16.0
-35.8
46.8
108.6

25.0
-29.3
14.3
6,7
66.7
74.7
150.9
100.0
98.4
46.3
78.5
58.2

10.4
10.9
12.1
13.6
14.1
16.2
16.4
16.9
18.0
18.7
18.6
19.1

160.
156.
233.
256.
214.
278.
168.
188.
209.
144.
135.
319.

-82.
-4.
77.
23.
-42.
64.
-110.
20.
21.
•*65.
-9.
184.

60.
40.
97.
128.
89.
147.
30.
82.
86.
65.
19.
77.

-33.9
-2.5
49.4
9.9
-16. 4
29.9
-39.6
11.9
11.2
-31. 1
-6.3
136.3

60.0
34.5
71.3
100.0
71.2
112.2
21.7
77.4
69.9
82.3
16.4
31.8

.6
1.2
2.3
2.0
1.5
2.0
1.2
1.4
1.5
1.6
.9
1.3

19.6
19.9
20.5
20.1
20.2
19.3
19.3
19.6
19.4
19.9
19.9
18.7

200.
207.
285.
273.
251.
275.
207.
206.
227.
213.
148.
256.

-119.
7.
78.
-12.
-22.
24.
-68.
-1.
21.
-14.
-65.
108.

40.
51.
52.
17.
37.
-3.
39.
18.
18.
69.
13.
-63.

-37.3
3.5
37.7
-4.2
-8.1
9.6
-24.7
-.5
10.2
-6.2
-30.5
73.0

25.0
32.7
22.3
6.6
17.3
-1.1
23.2
9.6
8.6
47.9
9.6
-19.7

1624.
1681.
1722.
1703.
1737.
1768.
1743.
1761.
1748.
1720.
1738.
1681.

.2
1.6
2.3
1.5
1.5
2.0
.8
1.3
1.2
1.1
.9
.6

18.3
18.7
18.7
16.1
18.2
16.2
17.7
17.7
17.3
16.7
16.8
16.0

186.
263.
391.
239,
265.
374.
170.
206.
200.
226.
166.
193.

*70.
77.
128.
-152.
26.
109.
-204.
36.
-6.
26.
-60.
27.

-14.
56.
106.
-34.
14.
99.
-37.
-27.
13.
18.
-63.

-27.3
41.4
48.7
-38.9
10.9
41. 1
-54.5
21.2
-2.9
13.0
-56.5
16.3

-7.0
27.1
37.2
-12.5
5.6
36.0
-17.9
.0
-11.9
6.1
12.2
-24.6

33.
86.
134.
113.
110.
87.
9.
31.
35.
51.
33.
56.

1698.
1617.
1506.
1457.
1396.
1263.
1181.
1057.
954.
873.
798.
778.

.3
.7
1. 1
.9
.9
.7
. 1
.2
.3
.4
.3
.4

16.1
15.1
13.8
13. 1
12.4
11.0
10.2
9.0
8.0
7,3
6.6
6.4

219.
174.
221.
199.
174.
150.
59.
55.
76.
80.
90.
170.

26.
-45.
47.
-22.
-25.
-24.
-91.
-4.
21.
4.
10.
80.

33.
-89.
-170.
- 4 0..
-91.
-224.
-111.
-151.
-124.
-146.
-76.
-23.

13.5
-20.5
27.0
-10.0
-12.6
-13.8
-60.7
—6. 8
38.2
5.3
12.5
88.9

17.7
-33.8
-43.5
-16.7
-34.3
-59.9
-65.3
-73.3
-62.0
-64.6
-45,8
-11.9

12931.
12974.
12975.
12985.
13031.
13044.
13101.
13132.
13149.
13168.
13149.
13100.

-27.
43.
1.
10.
46.
13.
57.
31.
17.
19.
-19.
-49.

718.
675.
542.
439.
375.
301.
349.
349.
331.
299.
247.
142.

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

5.9
5.5
4.4
3.5
3.0
2.4
2.7
2.7
2.6
2.3
1.9
1.1

120.
164.
103.
104.
109.
74.
141.
70.
78.
64.
29.
52.

-50.
44.
-61.
1.
5.
-35.
67.
-71.
8.
-14.
-35.
23.

-99.
-10.
-118.
-95.
-65.
-76.
82.
15.
2.
— 16.
-61.
-118.

-29.4
36.7
-37.2
1.0
4.8
-32.1
90.5
-50.4
11.4
-17.9
-54.7
79.3

-45.2
-5.7
-53.4
-47.7
-37.4
-50.7
139.0
27.3
2.6
-20.0
-67.8
-69,4

13028.
12992.
12948.
12974.
12989.
12993.
12988.
12979.
12932.
12914.
12894.

-72.
-36 .
-44.
26.
15.
4.
-5.
-9.
-47.
-18.
-20.

97.
18.
-27.
-11.
-42.
-51.
-113.
-153.
-217.
-254.
-255.

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

,8
.1
-.2
-. 1
• .3
-.4
-.9
-1.2
-1.7
-1.9
-1.9

68.
40.
77.
49.
128.
53.
58.
44.
34.
31.
119.

16.
-28.
37.
-28.
79.
-75.
5.
-14.
-10.
-3.
18.

-52.
-124.
-26.
-55.
19.
-21.
—83 .
—26.
-44.
-33.
20.

30.8
-41.2
92. 5
-36.4
161.2
-58.6
9.4
-24. 1
-22.7
-8.8
58. 1

-43.3
-75.6
-25.2
-52.9
17.4
-28.4
-58.9
-37.1
-56.4
-51.6
69.0

1
1
1975-JAN....|
-FEB
.|
-MAR....|
-APR....|
-HAI....I
-JUN....I
-JUL
1
-AUG....|
-SEP....|
—OCT....|
-NOV
1
-DEC....|

6300.
6394.
6428.
6504.
6543.
6573.
6584.
6606.
6631.
6661.
6679.
6753.

-27.
94.
34.
76.
39.
30.
11.
22.
25.
30.
18.
74.

334.
429.
429.
469.
469.
445.
396.
384.
384.
381.
387.
426.

-.4
1.5
.5
1.2
.6
.5
.2
.3
.4
.5
.3
1. 1

5.6
7.2
7.2
7.8
7.7
7.3
6.4
6.2
6. 1
6.1
o.2
6.7

80.
164.
119.
120.
75.
75.
55.
53.
62.
54.
65.
153.

1976-JAN
1
-FEB
|
-MAR....|
— APR.m . . I
-MAY
|
-JUN....I
-JUL....1
-AUG.. . . . |
-SEP....|
-OCT
1
-NOV
|
-DEC
1

6731.
6769.
6815.
6876.
6946.
7005.
7072.
7127.
7184.
7219.
7291.
7425.

-22.
38.
46.
61.
70.
59.
67.
55.
57.
35.
72.
134.

431.
375.
387.
372.
403.
432.
488.
521.
553.
558.
612.
672.

-.3
.6
.7
.9
1.0
.8
1-0
.8
.8
.5
1.0
1.8

6.8
5.9
6.0
5.7
6.2
6.6
7.4
7.9
8.3
8.4
9.2
10.0

1977-JAN....|
-FEB.... |
-MAR
1
-APR....|
-HAY
|
-JON....I
-JUL....|
-AUG
1
-SEP....|
-OCT....|
-NOV
1
-DEC
J

7434.
7510.
7640.
7814.
7924.
8139.
8235.
833 0.
8475.
8570.
8649.
8842.

9.
76.
130.
174.
110.
215.
96.
95.
145.
95.
79.
193.

703.
741.
825.
938.
978.
1134.
1163.
1203.
1291.
1351.
1358.
1417.

.1
1.0
1.7
2.3
1.4
2.7
1.2
1.2
1.7
1.1
.9
2.2

1978-JAN....|
-FEB....|
-MAR
|
—A P R . . . . |
-MAY....|
-JUN....|
-JUL....|
-AUG
|
-SEP
|
-OCT.... 1
-NOV
1
-DEC.... J

8891.
9001.
9205.
9386.
9523.
9712.
9828.
9965.
10116.
10276.
10366.
10499.

49.
110.
204.
181.
137.
189.
116.
137.
151.
160.
90.
133.

1457.
1491.
1565.
1572.
1599.
1573.
1593.
1635.
1641.
1706.
1717.
1657.

1979-JAN
|
-FEB.... |
—MAR....|
-APB
1
-MAY....|
-JUN....I
-JUL....|
-AUG
1
-SEP....|
-OCT.... |
—NOV.... |
-DEC....|

10515.
10682.
10927.
11089.
11260.
11480.
11571.
11726.
11864.
11996.
12104.
12180.

16.
167.
245.
162.
171.
220.
91.
155.
138.
132.
108.
76.

1980-JAN
|
-FEB....|
-MAR....J
-APR
|
-MAY
1
-JUN, . . . |
-JUL....|
-AUG....|
-SEP....|
-OCT
|
-NOV....|
-DEC
|

12213.
12299.
12433.
12546.
12656.
12743.
12752.
12783.
12818.
12869.
12902.
12958.

1981-JAN....|
-FEB....j
-MAR
1
-APR
|
—MAY....|
-JUN., . . |
-JUL
1
-AUG,. . . . |
-SEP
|
-OCT
|
-NOV
|
-DEC
|
1 982-JAN
J
-FEB.... |
— MA R . . . . |
-APR....|
-MAY
|
-JUN
|
-JUL
J
-AUG
|
-SEP
|
-OCT
|
-NOV
|
1




I
1
|I CHANGE ;P R C S P R E V I O U S |
|I
I1
MONTp
YEAR
1
-17.
84.
-45.
1.
-45.

TABLE 2 3 1 . 2 H

MONTH

LIFE INSBBABCB COBPANIES
FASH HOBI6ACBS OOTSTABDIHG ABD ACQOIBED
SEASONALLY-ADJUSTED DATA
I
I
I
|
I

I
1
1
1975-JAN.... |
-FEB... . - |
-HAB.,.-|
— APR. . . . . 1
-HAY....|
-JUN,....|
-JUL....|
-AUG
|
-NOV....|
-DEC....|
1
1976-JAN....|
- F E B . ... . |
-HAB.... |
-JUN.,.. |
-JUL.... |
-AUG.. . . j
-NOV....|
-DEC
1
I
1977-JAN....t
-HAB. . . . |
-HAY.... |
-JUN.... |
—JUL....|
-AUG....|
-SEP
1
-OCT.... |
-NOV
1
-DEC
|
1
1978-JAN
|
-HAB....|
-APR....i
-HAY....|
-JUN....|
-JUL
|
-AUG
|
-SEP
|
-OCT... . |
-NOV
1
-DEC.... |
1
1979-JAN.
|
-FEB.... |
-HAB....|
-HAY.. . . |
-JUN
|
—JUL.... |
-AUG....|
-SEP....|
-OCT,. . . . |
-NOV....|
-DEC
1
i
1980-JAN....|
-FEB....|
-HAB....|
-APR
|
-HAY....|
-JUN
|
—JUL....|
—AUG...»|

-DEC....|
1
1981-JAN....|
—HAB.... |
-APR. . . . |
-HAY.... |
- JU N, . . . |
-JUL....|
-AUG....|
-OCT....j
-NOV
|
-DEC
|
1
1982-JAN,. . . .1
-HAB....|
— APR... . . |
-HAY.*..|
-JUN....|
-JUL.... I
-SEP
|
-OCT.,. . . |
-NOV.,.. . |
—1-

FABH HOBXGAG1S ACQOIBED

FABH HOBTGAGES OUTSTANDING
HILLIONS OF DOLLABS
END OF
HONTH

1
1
| CHANGE FBOH PBEVIOUSI
1
1
YEAB
|
|
HONTH
(SAAB)
1
1

PBBCBBTAGE CHANGE
FBOH PREVIOUS
HONTH
(SAAB)

YEAB

J PBBCENTAGE CHANGE
FBOH PBBVICOS
1
|
CHANGE
FBOH
P
B
E
V
I
0
8
S
J
_.
1 ACQOIBED
1
1
IB
1I
YEAR
HONTH
HONTH
I1AB
|
|
HONTH
j|
1
(SAAB)
1I
1
|

B I L L I O N S OF D011ABS

6332.
6442.
6462.
6516.
6549.
6557.
6560.
6582.
6608.
6641.
6678.
6729.

418.
1455.
245.
669.
408.
95.
46.
258.
324.
408.
463.
630.

341.
435.
430.
464.
465.
438.
390.
384.
383,
382.
393.
430.

6.6
23.0
3.8
10.4
6.3
1.4
,7
3.9
4.9
6.2
7.0
9.4

5.7
7.2
7.1
7.7
7.6
7.2
6.3
6.2
6,2
6.1
6.2
6.8

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

1017.
2114.
1054.
1232.
861.
808.
738.
756.
914.
$04.
1089.
1279.

208.
1097.
-1060.
178.
-371.
-53.
-70,
18.
158.
-10.
184.
190.

-135.
1261.
-20.
267.
-217.
-256.
-535.
-239.
72.
-308.
239.
470.

25.7
107.8
-50.1
16.8
-30. 1
-6.2
-8, 6
2.4
20.9
-1. 1
20.4
17.5

-11.7
148,0
-1.8
27.7
-20,2
-24.0
-42.0
-24.0
8,5
-25.4
28.1
58.0

6772.
6823.
6850.
6881.
6947.
6979.
7044.
7103.
7159.
7199.
7293.
7406.

530.
647.
335.
382.
826.
402.
816.
743.
703.
490.
1219.
1466.

439.
381.
388.
366.
398.
423.
484.
522.
551.
558.
615.
677.

7.9
9.5
4.9
5.6
12.0
5.8
11.7
10.5
9.9
6.8
16.9
20.1

6.9
5.9
6.0
5.6
6.1
6.4
7.4
7.9
8.3
8.4
9.2
10.1

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

1280.
1448.
1223.
1288.
1439.
1364.
1938.
1552.
1741.
1281.
2006.
2083.

1.
168.
-225.
64.
151.
-75.
575.
-386.
189.
-460.
725.
76.

263.
—666.
169.
56.
578.
556.
1200.
796*
827.
377.
918.
804.

.1
13.1
-15.5
5.3
11.7
-5.2
42.1
-19.9
12.2
-26.4
56.6
3.8

25.8
-31.5
16.1
4.6
67.2
68.9
162.7
105.3
90.5
41.7
84.3
62.8

7483.
7572.
7678.
7816.
7921.
8102.
8202.
8305.
8447.
8546.
8651.
8826.

990,
1134.
1375.
1838.
1344.
2476.
1289.
1314.
1883.
1265.
1351.
2344.

712.
749.
827.
935.
974.
1123.
1158.
1201.
1288.
1347.
1358.
1420.

13.4
15.2
18.2
23.9
17.2
31.3
15-9
16,0
22.7
15.0
15.8
27-1

10.5
11.0
12.1
13.6
14.0
16. 1
16.4
16,9
18.0
18.7
18.6
19.2

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

2051.
1909.
2107.
2577.
2420.
2792.
2480.
2824.
2904.
2231,
2343.
2835,

-32.
-142.
198.
470.
-156.
372.
-312.
345.
80.
-673,
112.
491.

771.
461.
883.
1289.
982.
1428.
542.
1272.
1163.
950.
337.
752.

-1.5
-t.9
10.4
22.3
-6. 1
15.4
-11.2
13.9
2.8
-23.2
5.0
21.0

60.2
31.8
72.2
100.1
68.2
1#4, 7
27.9
82.0
66.8
74.2
16.8
36.1

8951.
9076.
9248.
9389.
9517.
9663.
9793.
9938.
10084.
10247,
10362.
10485.

1622.
1625.
2299.
1832.
1658,
1905.
1685.
1884.
1911.
2132.
1475.
1574.

1467.
1504.
1570.
1572.
1596.
1561.
1591.
1633.
1637.
1701,
1711.
1659.

18.4
18.2
25.3
19.8
17.7
20.0
17.4
19.2
19.2
21. 1
14.4
15.2

19.6
19.9
20.5
20.1
20.2
19.3
19.4
19.7
19.4
19.9
19.8
18.8

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

2563.
2510.
2589.
2795,
2792.
2640.
3213.
3156.
3111.
3166.
2523.
2386.

-272.
-53.
79.
207.
-3.
-152.
573.
-58,
-45.
55.
-643.
-136.

512.
601.
482.
219.
372.
-152.
733.
331.
206.
934.
179.
-449.

-9.6
-2. 1
3.2
8.0
-. 1
-5.5
21.7
-1.8
-1.4
1.8
-20.3
-5.4

25.0
31.5
22.9
8.5
15.4
-5.4
29.6
11.7
7.1
41.9
7.6
-15.8

10583.
10768.
10976.
11097.
11253.
11422.
11537.
11698.
11834.
11964.
12096.
12163.

12322447.
2790.
1541.
2012.
2217.
1446.
2090.
1744.
1661.
1679.
828.

1632.
1692.
1728,
1709.
1736.
1760.
1744.
1760.
1750.
1717.
1734.
1678.

11.8
23.1
25.9
14.0
18.1
19.7
12.7
18.1
14.9
14.0
14.0
6.8

18.2
18.6
18.7
-18.2
18.2
18.2
17.8
17.7
17.3
16.8
16.7
16.0

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

2337.
3234,
3539,
2512,
2t>57.
3498.
2649.
3234.
2794.
3279.
2745.
1882.

-49.
897.
305.
-1027.
345.
641.
-848.
584.
-439.
485.
-534.
-864.

-226.
724.
950.
-283.
64.
857.
-564.
78.
-316.
114.
223.
-504.

-2.1
36.4
9.4
-29.0
13. 7
22.4
-24.3
<2.1
-13.6
17.4
-16.3
-31.5

-8.8
28.9
36.7
-10.1
2.3
32.5
-17.6
2.5
-10.2
3.6
8.8
-21.1

12281.
12390.
12485.
12560.
12647.
12681.
12717.
12747.
12782.
12825.
12872.
12954.

1495.
1370.
1198.
929.
1086.
411.
445.
364.
421,
521.
574.
1025.

1698.
1622.
1509.
1463.
1395.
1259.
1181.
1050.
948.
860.
776.
791.

12.3
11.2
9.7
7.4
8.6
3.2
3.5
2.9
3.3
4. 1
4.5
8.0

16.0
15.1
13.7
13.2
12.4
11.0
10.2
9.0
8.0
7.2
6.4
6.5

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

2707.
2148.
1970.
2153.
1841.
1368.
919.
880.
1091.
1150.
1439.
1727.

825.
-559.
-178.
184.
-313.
-473.
-449.
-39.
211.
60.
289.
288.

370.
-1086.
-1569.
-359.
-1016.
-2130.
-1731.
-2354.
-1704.
-2129.
-1306.
-155.

43.8
-50.7
-8.3
9.3
-14.5
-25.7
-32.8
-4.2
23.9
5.5
25. 1
20.0

15.8
-33.6
-44.3
-14.3
-35.6
-60.9
-65.3
-72.8
-61.0
-64.9
-47.6
-8.2

13007.
13070.
13035.
13009.
13022.
12986.
13070.
13094.
13116.
13123.
13112.
13096.

651.
779.
-419.
-301.
157.
-432.
1042.
301.
257,
85.
-127.
-191.

726.
681.
549.
449.
375.
305.
352.
347,
334.
298.
241.
142.

5.0
6.0
-3.2
-2.3
1.2
-3.3
8.0
2.3
2.0
.6
-1.0
-1.5

5.9
5.5
4.4
3.6
3.0
2.4
2.8
2.7
2.6
2.3
1.9
1.1

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

1449.
2042.
909.
1144.
1125.
671.
2158.
1148.
1158.
931.
449.
536.

-278.
594.
-1133.
235.
-19.
-455.
1488.
-1010.
10,
-227.
-483.
87.

-1258.
-105.
-1061.
-1009.
-715.
-697.
1240.
268.
60.
-219.
-990.
-1191.

-16. 1
41.0
-55.5
25.9
-1.6
-40.4
221.8
-46.8
.9
-19.6
-51.8
19.5

-46.5
-4.9
-53.9
-46.9
-38.9
-51.0
134.9
30.5
6.2
-19.0
-68.8
-69.0

13101.
13085.
13008.
13001.
12980.
12939.
12960.
12945.
12904.
12876.
12861.

58.
-189.
-900.
-73.
-252.
-484.
248.
-178.
-479.
-335.
-173.

94.
15.
-27.
-8.
-42.
-47.
-110.
-150.
-211.
-247.
-251.

.4
-1.4
-6.9
-. 6
-1.9
-3.7
1.9
-1.4
-3.7
-2.6
-1.3

.7
.1
-.2
-.1
-.3
-.4
-.8
-1.1
-1.6
-1.9
-1.9

1
|
|
|
I
1
1
|
|
|
|

806.
501.
681.
540.
1307.
478.
884.
733.
510.
458.
746.

270.
-305.
180.
-141.
767.
-829.
406.
-151.
-223.
-52.
287.

-643.
-1542.
-228.
-604.
181.
-192.
-1274.
-415.
-648.
-473.
297.

50.3
-37.9
36.0
-50.7
142.2
-63.4
85.0
-17. 1
-30.4
-10,3
62.8

-44.4
-75.5
-25.1
-52.8
16.1
-28.7
-59.0
-36.1
-55.9
-50.8
66.2




,

.

TABLE 2 3 1 . 3 1 !
L I F E INSURANCE COMPANIES
FARM MORTGAGES ACQUIRED
TWELVE-MONTH MOVING TOTAL
I
1 MILLIONS I
|
OF
|
DOLLARS I
1
1
1
1
1975-JAN. . . . |
998.
-FEB
|
1098.
-MAR
|
1093.
-APS
1
1121.
-MAY
|
1101.
-JUN
|
1079.
-JUL....j
1038.
-AUG
| . 1018.
-SEP
1
1025.
-OCT
|
1007.
-NOV
1
1019.
-DEC
|
1075.

YEAR
ENDING—

CHANGE FROM
PREVIOUS YEAR
MILLIONS
OF
DOLLARS

PERCENT

1
t
|

AS PERCENTAGE OF
OUTSTANDING
MORTGAGES*

COMMITMENTS*

-34.
64.
33.
45.
11.
-18.
-72.
-78.
-49.
-67 .
-12.
68.

-3.3
6.2
3.1
4.2
1.0
-1 .6
-6.5
-7.1
-4.6
-6.2
-1.2
6.8

16.
18.
18.
18.
18.
17.
16.
16.
16.
16.
16.
16.

173.
188.
188.
194.
194.
196.
196.
199.
208.
211.
219.
235.
244.
235.
240.
241.
249.
258.
271.
278.
287.
288.
293.
307.

1976-JAN
|
-FEB.... |
-MAR....|
-APR
|
-MAY
|
-JUN
|
-JUL
|
-AUG
|
-SEP
|
-OCT
|
-NOV
|
-DEC
|

1095.
1047.
1064.
1072.
1122.
1178.
1261.
1314.
1375.
1400.
1451.
1540.

97.
-51.
-29.
-49.
21.
99.
223.
296.
350.
393.
432.
465.

9.7
-4.6
-2.7
-4.4
1.9
9.2
21.5
29.1
34.1
39.0
42.4
43.3

17.
16.
16.
16.
17.
18.
19.
19.
20.
20.
21.
22.

1 977-JAN
|
-FEB
|
-MAR....(
-APR
|
-MAY
|
-JUN....|
-JUL....j
-AUG
|
-SEP.•..I
-OCT
|
-NOV
1
-DEC
|

1600.
1640.
1737.
1865.
1954.
2101.
2131.
2213.
2299.
2364.
2383.
2460.

505.
593.
673,
793.
832.
923.
870.
899.
924.
964.
932.
920.

46.1
56.6
63.3
74.0
74.2
78.4
69.0
68.4
67.2
68.9
64.2
59.7

23.
23.
24.
26.
27.
28.
28.
29.
30.
30.
30.
31.

1978-JAN
|
-FEB
1
-MAE
|
-APE
|
-MAY
|
-JUN....|
-JUL... . . |
-AUG....|
-SEP
|
-OCT
|
-NOV
|
-DEC
|

2500.
2551.
2603.
2620.
2657.
2654.
2693.
2711.
2729.
2798.
2811.
2748.

900.
911.
866.
755.
703.
553.
562.
498.
430.
434.
428i
288.

56.3
55.5
49.9
40.5
36.0
26.3
26.4
22.5
18.7
18.4
18.0
11.7

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

364.
364.
363.
356.
354.
349.
346.
342.
339.
343.
344.
333.

1979-JAN
1
-FEB
|
—MAR....|
-APR
1
-MAY
|
-JUN
|
—JUL.... |
-AUG....|
-SEP....|
-OCT
1
-NOV
1
-DEC
1

2734.
2790.
2896.
2862.
2876.
2975.
2938.
2938.
2911.
2924.
2942.
2879.

234.
239.
293.
242.
219.
321.
245.
227.
182.
126.
131.
131.

9.4
9.4
11.3
9.2
8.2
12. 1
9. 1
8.4
6.7
4.5
4.7
4.8

28.
28.
29.
28.
28.
29.
28.
27.
27.
27.
26.
25.

326.
327.
336.
331.
328.
333.
327.
324.
317.
316.
312.
301.

1980-JAN....|
-FEB
|
-MAR....|
-APR... . . j
—MAY.... |
-JUN
|
-JUL
1
-AUG
|
-SEP
j
-OCT
|
-NOV....|
-DEC
|

2912.
2823.
2653.
2613.
2522.
2298.
2187.
2036.
1912.
1766.
1690.
1667.

178.
33.
-243.
-249.
-354.
-677.
-751.
-902.
-999.
-1158.
-1252.
-1212.

6.5
1.2
-8.4
-8.7
-12.3
-22.8
-25.6
-30.7
-34.3
-39.6
-42.6
-42.1

25.
24.
23.
22.
21.
19.
18.
17.
15.
14.
13.
13.

302.
295.
280.
281.
283.
272.
273.
268.
267.
259.
261.
271.

1981-JAN
|
-FEB....|
—MAR....|
—APE....|
-MAY
|
-JUN
1
-JUL
|
-AUG
|
-SEP
|
-OCT
|
-NOV
|
-DEC....|

1568.
1558.
1440.
1345.
1280.
1204.
1286.
1301.
1303.
1287.
1226.
1108.

-1344.
-1265.
-1213.
-1268.
-1242.
-1094.
-901.
-735.
-609.
-479.
-464.
-559.

-46.2
-44.8
-45.7
-48.5
-49.2
-47.6
-41.2
-36.1
-31.9
-27.1
-27.5
-33.5

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

270.
282.
275.
265.
254.
236.
250.
255.
262.
269.
272.
264.

1982-JAN....|
-FEB
|
-MAB
1
-APR. . . . |
-MAY
|
-JUN
|
-JUL....|
- AUG..... |
-SEP....|
"OCT
|
-NOV
J

1056.
932.
906.
851.
870.
849.
766.
740.
696.
663.
683.

-512.
-626.
-534.
-494.
-410.
-355.
-520.
-561.
-607.
-624.
-543.

-32.7
-40.2
-37.1
-36.7
-32.0
-29.5
-40.4
-43. 1
-46.6
-48.5
-44.3

8.
7.
7.
7.
7.
6.
6.
5.
5.
5.
5.

268.
249.
252.
250.
273.
290.
282.
287.
282.
277.
288.

.

•

314.
316.
328.
345.
353.
368.
364.
368.
372.
371.
365.
368.

* ATEGAGE AMOUNT OUTSTANDING DURING THE PRECEDING TWELVE MONTHS




(AVERAGE OF BNp-OF-MONTH D A T A ) .

26
TABLE 232.IB

L I F E INSOBANCB COMPANIES
FABM MOBTGAGE COMMITMENTS—OUTSTANDING AND NEW
NEW FABM MOBTGAGE COMMITMfNTS

OUTSTANDING FABM MOBTGAGE COMMITMENTS
PEBCENTAGB CHANGE
FBOM PREVIOUS

M I L L I O N S OF DOLLABS
END OF
MONTH

|

I

1

CHANGE FBOM P B E V I O 0 S
MONTH

MADE I N
MONTH

YEAR

1
1
1975-JAN
|
-FEB
1
-MAR....j
-APB.,..|
-MAY
1
— JUN . . . • |
-JUL,.- . • |
AUG....|
-SEP
1
-OCT.... |
-NOV
i
-DEC.- . . . . J

496.
500.
466.
430.
413.
399.
399.
405.
438.
473.
506.
459.

6.
33.
35.
33.
-47.

51.
-14.
-54.
-105.
-220.
-241.
-206.
-226.
-198.
-144.
-89.
-111.

1976-JAN....|
-FEB....|
-MAR....|
-APR
1
-MAY
|
-JUN.... |
—JUL.... 1
-AUG....|
-SEP
1
-OCT....|
-NOV....|
-DEC.,, . |

466.
477.
479.
501.
482.
490.
487.
494.
520.
582.
592.
553.

7.
112.
22.
-19.
8.
-3.
7.
26.
62,
10-39,

1977-JAN
|
-FEB....|
-MAB....|
-APR....|
-MAT....|
-JON
|
-JUL....|
-AUG
|
-SEP....|
-OCT....|
-NOV
|
-DEC....|

567.
614.
603.
663.
680.
671.
673.
696.
745.
769.
782.
768.

1978-JAN....|
-FEB...•I
-MAR....|
-APR....|
-MAY
|
-JUN....|
-JUL
|
-AUG....|
-SEP....|
-OCT....|
-NOV
|
-DEC....|

| CHANGE FBOM P B B V I O O S | _
|
1
I
MONTH
II!!
I-

-19.
40.
60.
39.
60.

64.7
101.8
-28.3
-43.2
39.1
-15.6
35.2
-5.5
36.2
11.7
-14.3
4.4

.0
-21.5
-22.1
-60.7
-69.8
-40.0
.0
-21.6
74.1
133,3
76.5
176.5

10.
5.
7.
18.
-18.
-2.
3.
-33.
35.
12.
7.
46.

48.
-4.
35.
88.
52.
60.
44.
15.
25.
26.
48.
90.

10,6
4.8
6.4
15.5
-13.4
-1.7
2.6
-58.2
41.7
10. 1
5.3
33.3

85.7
-3.5
43.2
191.3
81.3
111.1
60.3
21.7
26.6
24.8
53.3
95.7

176.
198.
218.
245.
230.
199.
165.
186.
207.
197.
172.
243.

-8.
22.
20.
27.
-15.
-31.
-34.
21.
21.
-10.
-25.
71.

72.
89.
102.
111.
114.
85.
48.
102.
88.
66.
34.
5ft.'

-4.3
12.5
10. 1
12.4
-6. 1
-13.5
-17. 1
12.7
11.3
-4.8
-12.7
41.3

69.2
81,7
87.9
82.8
98-3
74.6
41.0
121.4
73.9
50-4
24.6
32.1

30.9
33.2
37.1
27.6
17.6
29.5
27.2
20.8
15.7
4.0
12.8
18.8

203.
264.
271.
230.
216.
271.
175.
193.
184.
161.
208.
228.

-40.
61.
7.
-41.
-14.
55.
-96.
18.
-9.
-23.
47.
20.

27.
66,
53.
-15.
-14.
72.
10.
7.
-23.
-36.
36.
-15-

-16.5
30.0
2.7
-15.1
-6. 1
25.5
-35.4
10.3
-4.7
-12.5
29.2
9,6

15.3
33.3
24.3
-6.1
-6 .1
36.2
6.1
3,8
-11.1
-18.3
20.9
-6. 2

.1
3.3
-9.9
15.6
2.7
-6.7
-.5
3.9
-2.7
7.4
3.3
-5.3

23.0
15.3
2.8
16.2
26.2
8.4
9.5
15.8
10.0
27.2
19,3
9.2

245.
301.
257,
343.
257.
184.
154.
209.
196.
240.
230,
101.

17.
56.
-44.
86.
*86.
-73.
-30.
55.
-13.
44.
-10.
-129.

42.
37.
-14.
113.
41.
-87.
-21.
16.
12.
79.
22.
-127.

7.5
22.9
-14.6
33.5
-25.1
-28.4
-16.3
35.7
-6.2
22.4
-4.2
-56.1

20.7
14.0
-5.2
49.1
19.0
-32.1
-12.0
8.3
6.5
49.1
10.6
-55.7

-80.
-134.
-185.
-458.
-557.
-527.
-513.
-506.
-412.
-417.
-408.
-409.

-16.4
-2.9
-17.8
-21. 1
-13.7
-8.4
2.2
10.4
14.5
12.1
7.2
-8.9

-8.8
-14.2
-21.8
-46. 6
-55.1
-55.9
-54.7
-52.0
-43.5
-41.0
-38.8
-41.1

86.
161.
127.
45.
26,
53.
71.
121.
131.
180.
144.
88.

-15.
75.
-34.
-82.
-19.
27.
18.
50.
10.
49.
— 36.
— 56.

-159.
-140.
-130.
-298.
-231.
-131.
-83.
-88.
-65.
—60.
-86 .
-13,

-14.9
67.2
-21. 1
-64. 6
-42.2
103.8
34.0
70.4
8.3
37.4
-20.0
-38.9

-64.9
-46.5
-5(5.6
-86.9
-89.9
-71.2
-53.9
-42.1
-33.2
-25.0
-37.4
-12.9

-331.
-345.
-182.
-43.
68.
54.
-63.
-140.
-236.
-330.
-373.
-308.

-14.5
-7.6
4. 1
-j2
8.1
-10.0
-23.0
-9. 1
-8.5
-9.7
.0
3.0

-39.7
-42.6
-27.4
-8.2
15.0
13.0
-14.9
-29.9
-44.0
-54.9
-57.9
-52.5

63.
98.
104.
131.
101.
68.
23.
51.
29.
26.
44.
61.

-25.
35.
6.
27.
-30.
-33.
-45.
28.
-22.
-3.
18.
17.

-23.
-63.
-2386.
75.
15.
-48.
-70.
-102.
-154.
-100.
-27.

-28.4
55.6
6. 1
26.0
-22.9
-32.7
-66.2
121.7
-43.1
-10.3
69.2
38.6

-26.7
-39.1
-18.1
191.1
288.5
28.3
-67.6
-57.9
-77.9
-85.6
-69.4
-30.7

-2J4.
-184.
-236.
-257.
-311.
-250.
—1c1 .
-1?5.
-89.
-33.
-4.

-3.9
4.5
-11.8
-8. 9
-6.7
4.3
-8.7
-3.5
9.3
12.8
12.2

-46. 6
-39.7
-48.9
-53.3
-59.7
-53.3
-44.6
-41.2
-29.7
-12.2
-1.5

38.
61.
41.
53.
39.
49.
19.
24.
39.
50.
80.

-23.
23.
-20.
12.
-14.
10.
-30.
5.
15.
11.
30.

-25.
-37.
-63.
-78.
—62.
-19.
-4.
-27.
10.
24.
36.

-37.7
60.5
-32.8
29.3
-26.4
25.6
-61.2
26-3
62-5
28-2
60.0

-39.7
-37.8
-60. 6
-59.5
-61.4
-27.9
-17.4
-52.9
34.5
92.3
01.8

-13.0
.8
— 6, 8
-7.7
-4.0
-3.4
.0
1.5
8. 1
8.0
7.0
-9.3

11.5
-2.7
-10.4
-19.6
-34.8
-37.7
-34.8
-35.8
-31.1
-23.3
-15.0
-19.5

56.
113.
81.
46.
64.
54.
73.
69.
94.
105.
90.
94.

22.
57.
-32.
-35.
18.
-10.
19.
-4.
25.
11.
-15.
4.

-30.
-23.
13.
71.
69.
91.
88.
89.
82.
109.
86.
94.

1.5
2.4
.4
4.6
-3.8
1.7
-.6
1.4
5.3
11.9
1.7
-6, 6

-6.0
-4.6
2.8
16.5
16,7
22.8
22.1
22.0
18.7
23.0
17.0
20.5

104.
109.
116.
134.
116.
114.
117.
84.
119.
131.
138.
184.

14.
47.
-11.
60.
17.
-9.
2.
23.
49.
24.
13.
-14.

101.
137.
124.
162.
198.
181.
186.
202.
225.
187.
190.
215.

2.5
8.3
-1.8
10.0
2.6
-1.3
.3
3.4
7.0
3.2
1-7
-1.8

21.7
28.7
25.9
32.3
41.1
36.9
38.2
40.9
43.3
32.1
32.1
38.9

742.
818.
827.
846.
800.
869.
856.
841.
862.
800.
882.
912.

-26.
76.
9.
19.
-46.
69.
-13.
-15.
21.
-62,
82.
30.

175.
204.
224.
183.
120.
198.
183.
145.
117.
31.
100.
144.

-3.4
10.2
1.1
2.3
-5.4
8.6
-1.5
-1.8
2.5
-7.2
10.2
3.4

1979—JAN
|
-FEB.... |
—MAR....|
—APR.•. . |
-MAY
|
-JUN
1
-JUL....J
-AUG.... |
-SEP.... 1
-OCT.... |
-NOV
|
-DEC....|

913.
943.
850.
983.
1010.
942.
937.
974.
948.
1018.
1052.
996.

1.
30.
-93.
133.
27.
-68.
-5.
37.
-26.
70.
34.
-56.

171.
125.
23.
137.
210.
73*
81.
133.
86.
218.
170.
84.

1980-JAN....|
-FEB....|
-MAE
|
-APB....|
-MAY.. . . . |
-JUN
1
-JUL....|
-AUG
J
-SEP
1
-OCT
.|
-NOV....I
-DEC... . . |

833.
809.
665.
525.
453.
415.
424.
468.
536.
601.
644.
587.

-163.
-24.
-144.
-140.
-72.
-38.
9.
44.
68.
65.
43-57.

1981-JAN
1
-FEB....|
-MAB....|
-APB
|
-MAY
1
-JUN
|
-JUL....|
-AUG....|
-SEP
|
-OCT
|
-NOV
|
-DEC....|

502.
464.
483.
482.
521.
469.
361.
328.
300.
271.
271.
279.

-85.
-38.
19.
-1.
39.
-52.
-108.
-33,
-28.
-29.

1982-JAN
|
-FEB....|
-MAR....|
— AP R . . . • |
-MAY....|
—JUN....|
—JU L . . . . |
-AUG....|
-SEP....|
-OCT.
|
-NOV. . . - |

268.
280.
247.
225.
210.
219.
200.
193.
211.
238.
267.

-11.
12.
-33.
-22.
-15.
9.
-19.
-7.
18.
27.
29.




-74.
4.
-34.
-36.
-17.
-14.

8.

PEBCENTAGB CHANGE
FBOM PBBVIOOS

M I L L I O N S OF DOLLABS

N

-31.
-23.
-71.
-148.
-36.

TABLE 2 3 2 , . 2M

L I F E INSURANCE COMPANIES
FARM MORTGAGE COMMITMENTS—OUTSTANDING AND NEW
SEASONALLY-ADJUSTED DATA
OUTSTANDING

FABM MORTGAGE COMMITMENTS

M I L L I O N S OF DOLLARS

I
I
1
|
|

END OF
MONTH

1 CHANGE FROM P R E V I O U S !
1
.
1
1
MONTH
YEAR
|
i
JSAAH_.

517.
498.
473.
429.
415.
399.
409.
412.
430.
451.
480.
471.

-478.
-183.
-229.
-327.
-140.
-156.
131.
34.
286.
321.
505.
-97.

52.
-15.
-54.
-108.
-220.
-239.
-205.
-225.
-192.
-141.
-83.
-122.

-80.7
-35.4
-46.0
-69. 1
-32.6
-37.5
32.8
8.3
69.6
74.6
112.0
-20.3

1976-JAN
|
-FEB
|
-MAR....|
-APR....|
-MAY
|
-JUN....|
-JUL....|
-AUG
|
-SEP....|
-OCT
1
-NOV
|
-DEC
1

483.
474.
486.
498.
484.
496.
504.
507.
516.
553.
560.
555.

169.
-102.
176.
168.
-151.
180.
97.
35.
118.
680.
94.
-63.

-34.
-25.
13.
69.
68.
97.
95.
95.
86.
103.
81.
84.

35.9
-21.0
37.2
34.6
-30.3
37.3
19.4
6.9
23.3
132.0
17.0
-11.2

1977-JAN
1
-FEB
|
-MAR
|
-APR.... |
-MAY.... |
-JUN
|
-JUL....|
-AUG
|
-SEP
J
-OCT
J
-NOV... .|
-DEC
|

583.
605.
610.
661.
682.
687.
706.
723.
746.
731.
735.
752.

450.
328.
69.
963.
306.
68.
268.
220.
341.
-168.
61.
231.

100.
132.
124.
162.
198.
191.
203.
216.
231.
177.
175.
198.

81.0
56.3
11.3
157.8
46.3
10.0
39.0
31.1
47. 1
-22.5
8.3
31.4

1978-JAN
|
-FEB....|
-MAR.
-APR.... |
-MAY.... |
-JUN
|
-JUL....|
- AO G
|
-SEP
1
-OCT
|
-NOV
1
-DEC
1

757.
798.
837.
848.
798.
897.
916.
884.
873.
763.
824.
872.

60.
671.
610.
141.
-439.
2433.
264.
-317.
-127.
-699.
1152.
809.

174.
193.
227.
167.
11b.
209.
210.
162.
127.
32.
88.
120.

1979-JAN....|
-FEB....|
-MAR
1
— AP X . . . . . |
-MAY....I
-JUN
1
"JUL....|
-AUG....|
-SEP
|
-OCT
|
-NOV
|
-DEC
1

924.
908.
859.
997.
1004.
973.
1023.
1040.
969.
974.
975.
933.

879.
-178.
-440.
4286.
88.
-321.
816.
224.
-598.
65.
13.
-403.

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

835.
770.
672.
539.
448.
428.
471.
506.
552.
577.
591.
542.

1981-JAN
J
-FEB....|
—MAR.... |
—APR..•. |
-MAY... . |
-JUN
|
-JUL.... |
-AUG... . |
-SEP....J
-OCT
|
-NOV
1
-DEC....|
1982-JA N
|
-FEB
|
-MAR.... |
-APR....|
-MAY
1
-JUN....|
-JUL....|
-AUG
|
-SEP....|
-OCT....|
-NOV
|
I




M I L L I O N S OF DOLLARS
MADE I N
MONTH
(SAAR)

MONTH
(SAAR)

1975—JAN
-FEB
-BAR....|
-APR
|
-MAY
1
-JUN
|
-JUL
1
-AUG
|
-SEP
|
-OCT
1
-NOV
|
-DEC
1

1 9 8 0 - J AN
-FEB
-MAR
-APR....
-MAY
-JUN
-JUL
-AUG
-SEP....
-OCT
-NOV
-DEC

NEW FARM MORTGAGE COMMITMENTS

PERCENTAGE CHANGE

11.3
-2.9
-10.3

|
1

PERCENTAGE CHANGE
f ROM PREVIOUS

CHANGE FRCM P R E V I O U S
MONTH

YEAR

I
1

MONTH

YEAR

732.
1172.
805.
456.
707.
699.
999.
868.
1251.
1401.
1193.
1178.

285.
439.
-367.
-349.
251.
—8.
299.
-130.
382.
151.
-208.
-15.

-33.
-345.
-198.
-686.
-1648.
-470.
-12.
-223.
522.
806.
544.
731.

63.6
60.0
-31.3
-43.4
55.2
-1. 1
42.8
-13. 1
44.0
12. 1
-14.9
-1.2

-4.3
-22.7
-19.8
-60.1
-70.0
-40.2
-1.2
-20.4
71.6
135.5
63.8
163.2

17.9

1309.
1121.
1176.
1336.
1300.
1503.
1618.
1090.
1553.
1685.
1813.
2229.

130.
-188.
55.
160.
-35.
203.
116.
-529.
464.
132.
128.
416.

576.
-51.
371.
880.
593.
804.
620.
221.
303.
284.
620.
1051.

11. 1
-14.3
4.9
13.6
-2.7
15.6
7.7
-32.7
42.6
8.5
7.6
53.0

78.7
-4.3
46.1
193.1
83.9
114.9
62.1
25.5
24.2
20.2
51.9
89.2

20.7
27.8
25.6
32.6
41.0
38.4
40.2
42.6
44.7
32. 1
31.2
35.6

2216.
2006.
2256.
2440.
2649.
2721.
2363.
2434.
2634.
2439.
2121.
2916.

-13.
-210.
251.
184.
209.
73.
-358.
71.
200.
-*94.
-318.
795.

907.
885.
1081.
1104.
1348.
1218.
744.
1344.
1081.
755.
309.
687.

-. 6
-9.5
12.5
8. 1
8.5
2.7
-13.2
3.0
8.2
-7.4
-13.0
37.5

69.3
78.9
91.9
92.7
103.7
81.1
46.0
123.4
69.6
44.8
17.0
30.8

8.0
88.6
76.4
16.8
-51.8
304.9
29.5
-34.6
-14.4
-80.1
151.1
98.2

29.9
31.9
37.1
28.4
17.0
30.4
29.7
22.4
17.0
4.4

2629.
2658.
2881.
2263.
2509.
3865.
2681.
2484.
2330.
1681.
2381.
2796.

-287.
30.
223.
-618.
246.
1356.
-1184.
-197.
-154.
-450.
501.
415.

413.
653.
625.
-177.
-139.
1144.
318.
50.
-304.
-559.
260.
-120.

-9.8
1. 1
8.4
-21.5
10.9
54.0
-30. 6
-7.3
-6.2
-19.3
26.6
17.4

18.7
32.6
27.7
-7.3
-5.3
42.0
13.5
2.1
-11.5
-22.9
12.2
-4.1

167.
109.
22.
149.
206.
76.
107.
156.
96.
211.
151.
61.

100.8
-19.2
-48.5
499.0
8.8
-32.0
83.9
21.9
-57.5
6.7
1.4
-41.3

22.0

27.7
18.4
7.0

3364.
2945.
2821.
3336.
2995.
2721.
2551.
2586.
2507.
2721.
2422.
1280.

568,
-419.
-124.
515.
-341.
-274.
-170.
36.
-79.
214.
-299.
-1142.

735.
286.
-60.
1073.
485.
-1145.
-130.
102.
177.
840.
41.
-1516.

20.3
-12.5
-4.2
18.2
-10.2
-9.2
-6.2
1.4
-3.1
8.5
-11.0
-47.2

27.9
10.8
-2.1
47.4
19.3
-29.6
-4.9
4. 1
7.6
44.7
1.7
-54.2

-684.
-523.
-619.
-624,
-480.
-1*9.
903.
660.
926.
376.
195.
-382.

-89.
-138.
-187.
-458.
-556.
-544.
-552.
-534.
-416.
-397.
-384.
-391.

-73.3
-62. 6
-80.4
-92.9
-89.0
-42.2
210.8
140. 1
182.9
68.0
33.9
—64.6

-9.6
-15.2
-21.8
-46.0
-55.4
-56.0
-54.0
-51.3
-43.0
-40.8
-39.4
-41.9

1245.
1552.
1433.
427.
301.
810.
1274.
1464.
1709.
1970.
1408.
1159.

-35.
307.
-119.
-1006.
-125.
508.
464.
190.
246.
261.
-562.
-250.

-2119.
-1393.
-1388.
-2909.
-2693.
-1911.
-1277.
-1123.
-798.
-751.
-1014.
-121.

-2.8
24.7
-7. 7
-70.2
-29.3
168.6
57.3
14.9
16.8
15.3
-28.5
-17.7

-63.0
-47.3
-49.2
-67.2
-89.9
-70.2
-50.1
-43.4
-31.8
-27.6
-41.9
-9.5

500.
437.
488.
500.
516.
484.
405.
359.
311.
260.
246.
256.

-337.
-399.
1178.
176.
222.
-278.
-425.
-310.
-296.
-275.
-122.
137.

-336.
-332.
-184.
-39.
67.
55.
-65.
-147.
-241.
-317.
-344.
-286.

-62.2
-79.9
269.5
36. 1
44.4
-54.0
-87.9
-76.4
-82.4
-88.4
-47.0
55.5

-40.2
-43.2
-27.4
-7.2
15.0
12.9
-13.9
-29.0
-43-7
-54.9
-58.3
-52.8

953.
927.
1207.
1225.
1172.
1064.
435.
608.
382.
279.
408.
825.

-206.
—26.
279.
19.
-54.
-108.
-629.
173.
-226.
-103.
129.
417.

-292.
-625.
-226.
799.
870.
254.
-839.
-856.
-1327.
-1691.
-1000.
-334.

-17.8
-2.7
30.1
1.6
-4.4
-9.2
-59. 1
39.8
-37. 1
-27.0
46.2
102.2

-23.4
-40.3
-15.-8
167.2
288.8
31.4
-65.8
-58.5
-77.6
-85.8
-71.0
-28.8

266.
262.
250.
235.
208.
225.
226.
213.
219.
228.
242.

153.
-39.
-119.
-129.
-181.
346.
11.
-118.
87.
140.
232.

-234.
-175.
-238.
-265.
- 3 08.
-258.
-179.
-147.
-92.
-32.
-5.

59.9
-14.5
-45.2
-51.8
-77. 1
166.7
5.0
-52.3
41.0
63. 8
101.6

-46.8
-40.0
-48.8
-53.1
-59.7
-53.4
-44.2
-40.8
-29.6
-12.2
-1.9

594.
575.
483.
491.
451.
775.
370.
285.
517.
530.
731.

-231.
-20.
-92.
8.
-40.
324.
-405.
-85.
233.
13.
200.

-359.
-352.
-723.
-734.
-721.
-289.
-65.
-323.
135.
251.
323.

-28.0
-3,3
-16.0
1.7
-8.2
71.9
-52.3
-23.0
61.7
2.5
37.8

-37.6
-38.0
-60.0
-59.9
-61.5
-27.1
-15.0
-53.2
35.3
90.0
79.1

-20.0

-34.7
-37.5
-33.4
-35.4
-30.9
-23.8
-14.7
-20.6
-6. 5
-5.0
7.7

16. 1

1C.4
24.3
23.2
23.1
19.9

22.8
16.8

12.0

15.9

13.7

2.6

17.6
25.9
8.5
11.7
17.7

11.0

.

.

28
TABLE 2 3 2 . 3 M

YEAR
ENDING—

L I F E INSURANCE COMPANIES
MEN FARM MORTGAGE COMMITMENTS
TWELVE-MONTH MOVING TOTAL

|

MILLIONS

|

DOLLARS

|

CHANGE FROM
PREVIOUS YEAR
aiLLiuna
OF
DOLLARS

PERCENT

AS PERCENTAGE OF
OUTSTANDING
MORTGAGES*

COMMITMENTS*

|
1

ACQUIRED

TAKEDOWNS
OF
COMHITMEl

1068.
1037.
1014.
943.
795.
759.
759.
740.
780.
840.
879.
939.

-3.
-89.
-121.
-217.
-475.
-469.
-465.
-461.
-396.
-287.
-216.
-129.

-.3
-7.9
-10.7
-18.7
-37.4
-38.2
-38.0
-38.4
-33.7
-25.5
-19.7
-12.1

17.
17.
16.
15.
13.
12.
12.
12.
12.
13.
14.
14.

185.
178.
174.
163.
140.
138.
143.
144.
158.
176.
189.
205.

107.
94,.
93,
84.
72.
70.
73.
73.
76.
83.
86.
87.

123.
115.
111.
103.
69.
87.
91.
90.
93.
100.
107.
104.

1976-JAN.,
-FEB.,
-MAR.,
-APR.,
-MAY..
-JUN..
-JUL...
-AUG..
-SEP.,
-OCT.,
-NOV.,
-DEC..

987.
983.
1018.
1106.
1158.
1218.
1262.
1277.
1302.
1328.
1376.
1466.

-81.
-54.
4.
163.
363.
459.
503.
537.
522.
488.
497.
527.

-7.6
. -5.2
.4
17.3
45.7
60.5
66.3
72.6
66.9
58.1
56.5
56.1

15.
15.
15.
17.
17.
18.
19.
19.
19.
19.
20.
21.

220.
220.
229.
248.
257.
267.
272.
271.
272.
273.
278.
292.

90.
94.
96.
103.
103.
103.
100.
97,
95.
95.
95*
95.

115.
117.
121.
128.
128.
128.
126.
125.
125.
126.
122.
122.

1977-JAN..
-FEB.,
-MAR..
-APR..
-MAY..
-JUN.,
-JUL..
-AUG.,
-SEP.,
-OCT.
-NOV.,
-DEC.

1538.
1627.
1729.
1840.
1954,.
2039.
2087.
2189.
2277.
2343.
2377.
2436.

551.
644.
711.
734.
796.
821.
825.
912.
975.
1015.
1001.
970.

55.8
65.5
69.8
66.4
68.7
67.4
65.4
71.4
74.9
76.4
72.7
66.2

22.
23.
24.
25.
27.
28.
28.
29.
30.
30.
30.
30.

301.
314.
326.
340.
353.
357.
356.
364.
369.
368.
364.
365.

96.
99.
100.
99.
100.
97.
98,
99.
99.
99.
100.
99.

121.
125.
123.
125.
125.
123.
123.
123.
124,
121.
122.
124.

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

2463.
2529.
2582.
2567.
2553.
2625.
2635.
2642,
2619.
2583.
2619.
2604.

925.
902.
853.
727.
599.
586.
548.
453.
342.
240.
242.
168.

60.1
55.4
49.3
39-5
30.7
28.7
26.3
20.7
15.0
10.2
10.2
6.9

30.
31.
31.
30.
30.
30.
30.
29.
29.
28.
28.
27.

359.
361.
360.
349.
340.
345.
339.
333.
325.
317.
320.
315.

99.
9999.
98.
96.
99.
98.
97,
96.
92.
93.
95.

121.
121.
122.
119.
116.
120,
119.
118.
116.
112.
115.
115.

197 9 - J A N .
-FEB.
-MAR.
-APR.
-MAY.
-JUN.
-JUL.
-AUG.
-SEP.
-r-OCT.
-NOV.
-DEC.

2646.
2683.
2669.
2782.
2823.
2736.
2715.
2731.
2743.

183.
154.
87.
215.
270.
111.
80.
89.
124.
239.
225.
113.

7.4
6.1
3.4
8.4
10.6
4.2
3.0
3.4
4.7
9.3
8.6
4.3

27.
27.
27.
27.
27.
26.
26.
25.
25.
26.
25.
24.

316.
315.
309.
322.
322.
306.
302.
301.
299.
305.
302.
284.

97.
96,
92.
97.
98.
92.
92.
93.
94.
97.
97.
94.

116.
114.
110.
115.
118.
113.
113,
116.
114.
121.
118.
115.

-88.
-265.
-381.
-792.
-1064.
-1108.
-1170.
-1274.
-1351.
-1490.
-1598.
-1484.

-3.3
-9.9
-14.3
-28.5
-37.7
-40.5
-43.1
-46.6
-49.3
-52.8
-56.2
-54.6

22.
21.
20.
17.
15,
13.
13.
12.
11.
11.
10.
10.

265.
253.
242.
214.
197.
192.
193.
192.
194.
195.
192.
201.

88.
86.
86.
76.
70,
71.
71.
72.
73.
75.
74.
74.

109.
107.
105.
92.
86.
86.
86.
85.
89.
87.
87.
87.

-52.7
-52.6
-50.9
-39.2
-26.9
-20.1
-19.0
-18.9
-22.4
-30.5
-33.7
-35.2

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

209.
208.
215.
238.
254.
255.
243.
232.
217.
194.
183.
190.

77.
74.
78.
90,
100.
108.
97.
91.
83.
72.
67.
72.

91.
90.
100.
115.
127.
126.
114.
105.
97.
87.
81.
86.

-36.0
-35.7
-40.0
-50.7
-58.4
-60.4
-59.2
-59.1
-54.3
-44.1
-32.9

6.
6.
5.
5.
4.
' 4.
4.
4.
4.
4.
4.

196.
197.
188.
175.
168.
176.
188.
187.
200.
216.
234.

73.
79.
74.
70.
61.
61,
67.
65.
71,
78.
81.

91.
97.
90.
83.
75.
79.
89.
92.
101.
111.
118.

1975-JAN..
-FEB..
-MAR.,
-APR..
-MAY..
-JON..
-JUL..
-AUG..
-SEP.,
-OCT..
-NOV..
-DEC.,

--I

.-I

2822.
2844.
2717.

1980-JAN.
-FEB.
-MAR.
-APR.
-MAY.
-JUN.
-JUL.
-AUG.
-SEP.
-OCT.
-NOV.
-DEC.

2558.
2418.

1981-JAN.
-FEB.
-MAR.
-APE..
-MAY.
-JUN.
-JUL.
-AUG.
-SEP.
-OCT.
-NOV.
-DEC.

1210.
1147.
1124.
1210.
1285.
1300.
1252.
1182.
1080.
926.
799.

-1348.
-1271.
-1164.
-780.
-474.
-328,
-293.
-275.
-312.
-406.
-420.
-434.

1982-JAN.
-FEB.
-MAR.
-APR.
-MAY,.
-JUN.
-JUL.
-AUG.
-SEP.
-OCT.
-NOV.

774.
737.
674.
596.
534.
515.
511.
484.
494.
518.
554.

-436.
-410.
-450.
-614.
-751.
-785.
-741.
-698.
-586.
-408.
-272.

2288.
1990.
1759.
1628.
1545.
1457.
1392.
1332.
1246.
1233.

826.

* AVERAGE AMOUNT OUTSTANDING DURING THE PRECEDING TWELVE MONTHS

(AVERAGE OF END-OF-MONTH E A I A ) .

"TAKEDOWNS OF COMMITMENTS" ARE COMPUTED AS NEW COMMITMENTS L E S S CANCELLED COMMITMENTS L E S S THE CHANGE I N




COMMITMENTS OUTSTANDING.

AGRICULTURAL

300

FINANCE

AGRICULTURAL

301

FARM

301.1

302

BANKING

LOANS

AND CHANGE

BORROWING

NUMBER O F

29

SERIES

DATA

NON-REAL-ESTATE
AMOUNT

SEASONAL

302.1

D A I ABOOjC—MONTHLY

BANKS

FRCM P R E V I O U S

YEAR..

FROM

FEDERAL

RESERVE

AND

AVERAGE

DAILY

30

BANKS

BORROWING.

FOR I N F O R M A T I O N ON T H E D E S I G N O F T H E S E A S O N A L BORROWING
DATA ARE SHOWN I N S E C T I O N 3 0 2 , AND A L S O A N A L Y S E S O F I T S
U S E BY A G R I C U L T U R A L B A N K S , S E E T H E F O L L O W I N G A R T I C L E S :

. . . 3 1

PRIVILEGE
POTENTIAL

" S E A S O N A L B O R R O W I N G AT T H E F E D E R A L R E S E R V E D I S C O U N T W I N D O W , "
BY EMANUEL M E L I C B A R AND H A R R I E T H O L D E R N E S S ,
AGRICULTURAL F I N A N C E R E V I E W , OCTOBER 1 9 7 4 , P P . 4 2 - 5 1 ;
" T H E F E D E R A L R E S E R V E SEASONAL BORROWING P R I V I L E G E , "
BY EMANUEL M E L I C H A R ,
IN IUTU&I SQGBCES_^_LGAJIAEL^FULJG5_F01_LGJ&CUL10GAJI_BJJJ£S,
F E D E R A L R E S E R V E BANK OF K A N S A S C I T Y , 1 9 8 0 , P P . 1 1 1 - 1 3 2 .




FOR WHICH
AND A C T U A L

TABLE

3 0 1 . 18
FARB

NON-REAL-ESTATE
CHANGE

AHOUNT

or

EHD
HONTH

LARGE
BANKS
(BILLIONS
OF
DOLLARS)
3141.
3128.
3192.
3234.
3370.
3568.
3564.
3553.
3541.
3553.
3513.
3579.
3520.
3474.
3575.
3670.
3801.
3936.
3971.
3951.
3984.
3977.
3907.
3928.
3837.
3776.
3907.
4002.
4195.
4303.
4376.
4436.
4464.
4512.
4452.
4511.
4470.
4440.
4577.
4650.
4830.
4915.
4981.
4939.
5021.
5001.
4896.
4889.
4922.
4928.
4989.
5009.
5028.
5146.
5387.
5379.
5423.
5321.
5366.
5404.
5335.
5374.
5305.
5589.
5761.
5902.
5975.
5977.
5978.
5904.
5781.
5702.
5716.
5778.
5923.
6004.
6222.
6347.
6509.
6498.
6571.
6514.
6400.
6278.

1983-JAM

••••
20.5

20.9

22.2

21.9

22.9

22.5

23.2

23.3

23.7

24.3

25.6

25.4

26.3

25.8

25.7

25.8

27.0

26.7

28.1

27.6

28.2

28.3

28.1

28.9

29.8

29.5

30.8

30.3

31.0

31.1

31.1

30.8

31.1

31.6

31.7

31.4

32.1

33.2

32.9

33.6

33.0

32.9

33.0

AT

BANKS

COBBBRCIAL

PREVIOUS

YEAR

PERC1

|

LARGE
BANKS
(BILLIONS
OF
DOLLARS)
-

| ALL COHHERCIAL B A N K S |
| ( B I L L I O N S OF DOLLARS) |
1
SEASONALLY|
|
ACTUAL
ADJUSTED 1
1

458.
370.
198.
191.
- 2 7 .
110.
15.
- 2 8 .
- 9 0 .
- 4 4 .
- 3 4 .
- 6 1 .
37
34
38
43
43
36
40
39
44
42
39
34

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

317.
302.
332.
332.
394.
367.
405.
485.
480.
535.
545.
583.
633.
664.
670.
648.
635.
612.
605.
503.
557.
489.
444.
378.
452.
488.
412.
359.
198.
231.
406.
440.
402.
320.
470.
515.
413.
446.
316.
580.
733.
756.
588.
598.
555.
583.
415.
298.

3. 1

3.1

3.1

|

3.1

|

3 . 2

3.4

|

3.5

3.4

|

3.4

3.3

|

2.5

2.5

|

|

1.4

1.4

|

1.8

1.7

|

2 . 5

2.5

|

$**

2.7

2.7

|

2 . 8

2 . 8

|

2.7

|

2.8

|

2 . 8

2.8

2.4

1.3

•
$#*

2.4

1.3

|
|

|

|

. 8

. 8

|

. 5

.6

|

. 9

. 9

33.3

34.1

35.8

35.4

37.0

36.4

36.1

36.3

404.
618.
415.
461.
445.
534.
521.
593.
610.
619.
576.

|

2. 1

2.1

I

2.0

1.9

|

1.3

1.3

|

1.9

2.0

|

2.6

2.6

|

3.5

3.4

|

3.2

3.2

|

ACTUAL

SEASONALLY

16.3

16.3

16.5
17.6
17.1
16.2
15.1
14.2
13.8
11.3
12.5
10.8
10.0
8.4
10.
11.
9.
7.

1
0
0
7

4.1
4.7
8
8
8
6
9
10

.
.
.
.
.
.

2
9
0
4
6
5

8.4
9.1
6.3
11.6
14.6
14.7
10.9
11.1
10.2
11.0
7.7
5.5
7. 1
7.5
11.6
7.4
8.0
7.5
8.9
8.7
9.9
10.3
10.7
10.1

$*$*
***$
$*$*
15.2

15.2

15.8

16.1

15.6

15.7

14.6

14.6

10.8

10.7

7 . 5

7.6

5.4

5.4

6.8

6.7

9 . 6

9.6

10.4

10.5

10.3

10.3

9 . 8

9.8

10.0

10.0

8.5
$**$

8.4

• • • •
4 . 3

4.3

2 . 5

2.5

1.7

1.8

2.8

2.7

$$*$
6.8

6.8

6.2

6.2

4.1

4.2

6.2

6.2

7.8

7.8

10.3
**#$

10.3

9.7

9.8

10.0

571.

ABOOT 1 7 0 C O H H E R C I A L BARKS THAT REPORT A S S E T S
B I L L I O N OR MORE A S O F D E C B H B E R 3 1 ,
1977.
BANKS ARB FBOH CALL R E P O R T S
ESTIHATBD).
P R I O R TO 1 9 7 6 ,

l_
I
I

9.0
8.7
9.3
9 . 0
10.4
9.3
10.2
12.3
12.0
13.5
13.9
14.8

$**

TEAR

| ALL COHHERCIAL BAMKS

12.1
11.1
12.0
13.5
12.8
10.3
11.4
11.2
12.5
11.9
11.2
9.8

1.9

1.8

LARGE
BANKS

- 1 2 . 7
- 1 0 . 6
- 5 . 8
- 5 . 6
- . 8
3.2
.4
- . 8
- 2 . 5
- 1 . 2
- 1 . 0
- 1 . 7

381.

DATA S H O I H FOR A L L C O H H E R C I A L
( D A T A FOR U N I N S U R E D B A N K S A R B




31.3
#***

31.6

6287.

L A R G E - B A N K DATA ARB FOR
DOHESTIC ASSETS OF $ 7 5 0

26.1

**$*

30.5

LOANS

PREVIOUS

1 ALL C O B B B R C I A L BANKS
| ( B I L L I O N S OF DOLLARS)
1
SEASONALLY
|
ACTUAL
ADJUSTED

25.5

FROB

AID

LIABILITIES

WEEKLY.

THESE

BANKS

HAD

A V A I L A B L E FOR H A R C H , J U N E # S B P T B H B B R , AND D B C E H B B R
R E P O R T S ARB A V A I L A B L E F O R J U N E A N D D B C E H B B R O N L Y .

TABLE 3 0 2 . 1 H
COMMERCIAL

I
I

NUHBER

I

SOKTH

|
TOTAL

__ L
1976-JAN
1
-FEB
1
-MAB....|
-APB
J
-MAY
1
- J 0 N . . . . |
-JUL....J
-AUG
|
—SEP... . . |
—OCT.... |
—NOV.. . . . |
—D E C . . . . |

OF BANKS""

|DEPOSIT

|

1

BANK B Q B 8 0 H I H G DMDES S E A S O N A L frOBBOWING
MEEK E N D I N G ON L A S T WEDNESDAY O F MONTH

7.
10.
17.
20,.
21.

I
1
1

io

OP
$100
W L I O N

SIZE

| A V E B A G E D A I L Y S E A S O N A L BOBBOWING
I
(THOUSANDS OF DOLJABS)
Of

BANK

38.
40.
49.
40.
31.
19.

0 .
0 .
0 .
0 .
0 .
1.
K
1.
1 .
2.
0 .
0 .

1977-JAN....|
-FEB....J
—MAB..• . |
-APB.... |
-MAI
|
- J O N . . o »|
- J 0 L . . . . |
-AUG....|
—SEP. . . . |
-OCI....I
-NOV
1
-DEC....|

8.
10.
17.
21.
45.
59.
6 3 .
99.
9 2 .
81.
53.
34.

8.
10.
17.
21.
44.
55.
5 9 .
89.
83.
74.
45.
31.

1978-JAN
|
-FEB....|
—MAB.»•« J
-APR....|
-HAY
|
-JON
1
-JOL
|
-A0<
1
-SEP....|
-OCT....|
-NOV
1
-DEC....|

23.
31.
51.
43.
93.
109.
128.
161.
160.
159.
117.
76.

1979-JAN
1
-FEB.
|
—MAB....|
-APB
1
-HAY....|
-JON
|
-JOL....J
—AOG.«.-|
-SEP
1
-OCT... .|
-NOV
1
-DEC.
|
1980-JAN....|
-FEB
1
— MAR. . . . . |
-APB
1
-MAY... . |
-JON.... |
-JOL... . . 1
-AUG
1
-SEP...-|
-OCT
1
-NOV
1
-DEC.... |
1
1
1
j
1
|
j
1
^
J
|
|

1982-JAN
|
-FEB....|
-MAB
1
-APB....|
-MAY
|
-JON
1
-J0L....I
-A0G....I
-SEP
i
-OCT....|
-NOV....|
-DEC
.|
1983-JAN.

1
1

|

~

I
1
1
1
1
1
J
1
1
1
1
1
1
1
1
I

TOTAL

|

I
OVEB
|
$100
1 MILLION

7.
10.
17.
20.
21.
41.
37.
39.
48.
38.
31.
19.

1981-JAN
-FEB
-1AR.
-APR
-MAY
-JON....
-JOL
-A0G
-SEP
-OCT....
-NOV. . . .
-DEC

|DEPOSIT

|

|
OP TO
$100
1
1 MILLION

SIZE

OF~BANK

1
OVER
|
$100
i MILLION

6267.
8233.
9605.
11153.
11637.
27898.
25957.
23354.
33618.
33297.
27215.
9970.

8267.
8233.
9605.
11153.
11637.
25896.
20243.
17354.
29618.
29154.
27215.
9970.

0 .
0 .
0 .
0 .
0 .
2000.
5714.
6000.
4000.
4143.
0 .
0 .

0 .
0 .
0 .
c .
1.
4.
4.
10.
9.
7.
8.
3.

1
8113..
1
11353.
|
14161.
1
15030.
I
34503.
I
70158.
I
68701.
I 130235.
I 115456.
I 116094.
I
74288.
1
52761.

8113.
11353.
14161.
15030.
32503..
45658.
48508.
80936.
73456,
74794.
41488.
34461.

0 .
0 .
0 .
0 .
2000.
24500.
20193.
49299.
42000.
41300.
32800.
18300.

23.
31,
49.
42.
85.
100.
122.
150.
147.
144.
102.
69.

0 .
0 .
2.
1.
8.
9.
6..
11.
13.
15.
15.
7.

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

35588.
52858.
51892.
49400.
114954.
133794.
150938.
206810.
204226.
235448.
180107.
131159.

3558£.
52858.
50535.
44686.
88968.
101623.
119581.
158153.
156046..
158958.
105834.
87763.

0 .
0 .
1357.
4714.
25986.
321/1.
31357.
48657.
48180.
76490.
742734
43396.

62.
82.
100.
114.
164.
177.
156.
165.
158.
155.
107.
63.

56.
74.
92.
106.
148.
163.
143.
156.
147.
143.
101.
58.

6.
8.
8.
8.
16.
14.
13.
9.
11.
12.
6.
5.

I
1
I
I
|
I
|
I
*
I
|
|

112467.
123199.
134302.
141221.
217666.
195382.
166925.
185863.
180358.
185185,.
135023.
81172.

78597.
95949.
10016*.
106178.
142576.
143859126754.
147963.
108602.
133947.
101323.
60557.

33870.
27250.
34136.
35043.
75090.
51523.
40171.
37900.
71756.
51238.
33700.
20615.

52.
70.
'15.
131.
52.
19.
15.
116.
38.
55.
66.
70.

45.
63.
102.
118.
50.
19.
15.
15.
37.
48.
57.
63.

7.
7.
13.
13.
2.
0 .
0 .
1.
1.
7.
9.
7.

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

96566.
1020J9.
176657.
170594.
29146.
8806.
7615.
10520.
30925.
87339.
111483.
114164.

43494.
67310.
101015.
102680.
28325..
8806.
7615.
8520.
26925.
53929.
67754.
78936.

53072.
34729.
75642.
67914.
621.
0 .
0 .
2000.
4000.
33410.
43729.
35228.

57.
86.
121.
114.
181.
201.
198.
206.
186.
145.
85.
48.

50.
77.
103.
101.
162.
180.
184.
167.
169.
131.
76.
41.

7.
9.
18.
13.
19.
21.
14.
19.
17.
14.
9.
7.

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

130984.
155397.
194120.
174543.
308510.
305707.
256288.
243916.
241704.
180667.
73273.
77654.

95970.
103140.
118747.
103514.
193222.
195956.
195946.
180558.
174135.
129969.
60943.
53748.

35014.
52257.
75373.
71029.
115288.
109751.
60342.
63358.
67569.
50698.
12330.
23906.

57.
89.
123.
137.
172.
220.
173.
110.
109.
79.
54.
32.

50.
78.
110.
122.
156.
202.
160.
107.
102.
75.
50.
30.

7.
11.
13.
15.
16.
18.
13.
3.
, 7.
4.
4.

11
|1
|
1
|
I
|
1
1
1
1
1

99186.
150737.
199836.
181921.
259447.
266749.
187054.
94855.
116542.
90293.
45898.
36003.

68279.
107809.
134887.
129102.
181682.
198526.
152354.
87355.
93527.
74607.
37769.
27003.

30907.
42928.
64949.
52819.
77765.
68223.
34700.
7500.
23015.
15686.
8129.
9000.

30.

28.

2.

34133.

26133.

8000.

t-

I
1

.

THE S E A S O N A L BORROWING P B I V I L E G E WAS I M P L E M E N T E D ON A P B I „ 1 9 , 1 9 7 3 .
D E P O S I T S I Z E C L A S S I F I C A T I O N I S BASED ON AVEBAGE D E P O S I T S I N 1 9 7 2 .
FOB A D D I T I O N A L I N F O R M A T I O N , S E E NOTE ON P A G E 2 9 .




PBIVILEGE

32

Average interest rates on business and farm borrowings (percent)
Effective rates on bank loans, U.S.,
f i r s t week of second month of quarter
Date

Business loans
Prime Average,
rate,
all
large banks
banks

Non-real-estate
farm loans
All
Large Other
banks banks banks

Stated nominal r a t e s , f i r s t day of quarter
Prime
rate,
large
banks

Average of most common farm loan rates at banks
surveyed quarterly in specified F.R. Districts
Feeder c a t t l e loans

Other operating loans

Chicago Kansas Dallas
City

Chicago Hinne- Kansas Dallas
apolis City

Farm Credit System
Production Federal
credit
land
assns.
banks

1977-81
-62
-83
-84

6.35
6.35
6.86
7.90

7.6
7.6
7.9
8.6

8.3
8.1
8.4
9.1

8.9
8.9
8.9
9.0

8.8
8.7
8.7
9.1

6.25
6.25
6.75
7.25

8.7
8.7
8.7
8.8

8.8
8.8
8.8
8.9

9.3
9.3
9.3
9.3

8.8
8.8
8.8
8.9

9.1
9.2
9.2
9.2

8.9
9.0
9.0
9.0

9.3
9.2
9.2
9.3

8.2
8.1
7.9
8.0

8.5
8.4
8.3
8.3

1978-81
-62
-83
-84

8.16
8.16
9.20
10.78

8.9
9.1
10.0
11.4

9.3
9.6
10.4
11.7

9.1
9.2
9.3
10.0

9.2
9.3
9.6
10.4

7.75
8.00
9.00
9.75

8.8
8.9
9.1
9.4

8.9
8.9
9.1
9.3

9.4
9.4
9.5
9.7

8.9
9.0
9.2
9.5

9.2
9.2
9.4
9.5

9.0
9.1
9.2
9.4

9.4
9.4
9.5
9.7

8.4
8.7
9.0
9.2

8.2
8.3
8.3
8.4

1979-81
-62
-83
-84

12.09
12.09
12.09
16.39

12.2
12.3
12.3
15.8

12.5
12.8
12.9
16.2

10.4
10.7
10.9
13.1

11.0
11.2
11.3
13.6

11.75
11.75
11.50
13.50

10.1
10.5
10.8
11.7

9.9
10.2
10.4
11.5

10.1
10.2
10.3
11.4

10.2
10.5
10.9
11.7

10.2
10.4
10.8
11.8

9.9
10.3
11.1
11.6

10.1
10.2
10.3
11.3

10.0
10.6
10.9
11.0

8.7
9.0
9.3
9.3

1980-81
-82
-83
-84

16.39
18.81
11.30
15.56

15.7
17.8
11.6
15.6

16.0
18.5
12.8
16.3

13.7
17.1
13.7
15.3

14.1
17.4
13.5
15.5

15.25
19.50
12.00
13.50

13.5
17.1
14.0
14.3

13.0
16.5
14.0
14.0

13.1
16.2
13.2
13.3

13.6
17.1
14.0
14.3

13.6
16.4
15.3
14.0

13.1
16.5
14.1
14.1

13.0
15.8
13.2
13.3

12.1
13.7
13.3
12.0

9.8
10.6
10.6
10.3

1981-81
-82
-83
-84

20.56
19.90
21.55
18.54

19.8
19.9
21.0
17.4

19.9
19.5
20.8
18.9

17.5
17.5
19.1
18.7

17.9
17.9
19.6
18.8

21.50
17.50
20.00
19.50

17.3
16.5
17.7
18.6

16.9
16.3
17.4
18.1

18.6
17.6
19.2
19.7

17.4
16.5
17.8
18.6

17.6
17.0
18.0.
18.9

17.1
16.3
17.4
18.1

18.4
17.4
19.0
19.4

12.9
14.2
15.1
15.8

10.6
10.9
11.4
11.7

1982-81
-82
-83
-64

17.02
17.18
15.56
12.36

17.1
17.1
13.5
11.4

18.0
17.9
15.6
13.3

17.5
17.7
17.5
15.5

17.7
17.8
16.8
14.8

15.75
16.50
16.50
13.50

16.9
17.3
17.2
15.6

16.6
16.9
16.9
15.4

17.3
17.6
17.5
15.6

17.0
17.3
17.2
15.6

17.2
17.4
17.4
16.3

16.6
16.9
16.9
15.5

17.5
17.4
17.6
15.7

15.3
14.9
14.5
13.8

12.1
12.2
12.4
12.4

1983-81

11.30

11.50

14.4

14.3

14.1

14.4

15.0

14.4

14.1

Notes:

11.9

Effective prime rate is calculated by assuming a loan maturity of six months with all interest paid at maturity.
Effective loan r a t e s are a dollar-weighted average of e f f e c t i v e rates on loans of 11,000 or more made in the week indicated.
Additional data from t h i s quarterly survey of bank lending are published in S t a t i s t i c a l Releases E.2 (Survey of Terms of
Bank Lending) and E.15 (Agricultural Finance Databook—Buarterly Series). Federal Reserve Board, Washington. B.C. 20551.
"Large banks" (survey s t r a t a 1-3) correspond roughly to banks with over $400 million in total assets as of June 19B*.
The types of banks included in quarterly agricultural credit conditions surveys conducted by Federal Reserve Banks varies
among F.R. D i s t r i c t s , and so the rates*shown are not s t r i c t l y comparable. See page 58 of the Databook cited above.
Farm Credit System rates are unweighted averages of quoted r a t e s , not adjusted for required stock purchases and loan fees.




33

Percentage changes in deposits and loans at agricultural banks
from beginning of year to date shown
Last
Wednesday
of month

r

!
!
!

!

,
Time and savings deposits

!

i

Total deposits

Total loans

1979 1980 1981 1982 1983 ! 1979 1980 1981 1982 1983 ! 1979 1980 1981 1982 1983
!

January

1

2

4

2

February....

2

3

8

March

3

4

April

4

May

-3

-3

0

0

3

-2

-2

0

10

6

-3

-2

6

11

6

-1

5

7

12

8

June.

6

7

13

July

7

9

August

8

September...

-1

-1

0

-1

1

0

0

0

0

0

3

1

0

0

2

-2

2

3

3

2

3

0

-1

2

4

6

4

4

9

0

-1

2

5

6

4

6

14

11

1

0

2

5

7

5

7

9

15

11

1

1

3

5

7

5

na

11

16

12

na

2

4

6

na

6

9

October.....

na

12

18

14

na

5

5

7

na

0

6

9

November....

na

na

20

15

na

na

7

9

na

na

5

8

December....

na

na

20

16

na

na

9

11

na

na

6

8

na

4

1

"1

No estimate was made.

Notes:




Data shown are estimates for insured commercial banks at which farm loans were 25 percent or more of
t o t a l loans at the beginning of the year (for 1982 and 1983 estimates, at the beginning of 1981).
Estimates are based on experience at banks that report deposits and loans weekly. Time and savings
deposits include ATS and NOW accounts as well as all c e r t i f i c a t e s of deposit.

TABLE 1 1 1 - 1 Q

FARM DEBT OUTSTANDING
AMOUNTS IN MILLIONS OF DOLLARS

END OF
Q0ARTE3

TOTAL

1975-Q4-,-

9162&.

1976-Q1.—.

-62..-03...
-Q4

1977-01—" Q2 • —

REAL
ESTATE
49568-

BOB-REALESTATE
42057-

***************************
***************************
***************************

104060*

55187.

48872.

***************************
***************************

TOTAL

REAL
ESTATE

26353.

27107.

6726.

5249.

375.

***************************
***************************
***************************

67270.
71138.
73322.
75207.

26544.
28492.
29386.
29918.

28167.
29783.
30702.
31091.

6789.
6980.
7159.
7400.

5345.
5679.
5836.
5758.

425.
205.
240.
1040.

77663.
83428.
86992.
89068.

30644.
32964.
33877.
33434.

32268.
34334.
35353.
35290.

7615.
8116.
8452.
8819.

5893.
6539.
6832.
6984.

1244.
1475.
2478.
4540.

91395.
96618.
100437.
103260.

3332?.
35182.
36472.
36647.

35978.
37894.
39394.
40080.

9183.
9691.
10095.
10478.

8052.
9609.
10435.
10388.

4860.
4243.
4041.
5666.

106640.
114301.
117724.
121162.

36600.
38397.
3950839558.

41650.
44539.
4650548436.

10907.
11461.
1184212165-

11385.
14416.
15798.
15932.

6098.
5489.
4071.
5070.

126020.
131447.
132533.
134562.

38999.
39491.
40084.
40087-

51284.
54631.
55537.
56479.

12415.
12725.
12800.
12928.

17737.
19461.
20009.
20090.

5586.
5139.
4103.
4978.

140176.
146097.
149354.
151936.

39802.
41605.
41965.
41144.

5950063364.
6541565632.

1302813002.
13106.
13059.

22101.
24309.
24662.
24094.

5746.
3817.
4206.
8008.

156874.
161926.
164315.
167089.

41608.
44205.
45534.
44500.

66664.
69152.
69787.
68255.

12974.
12967.
12906.
12875-

24132.
25256.
25340.
24855.

11496.
10347.
10748.
16604.

28853.

18864.

9989-

***************************
***************************
***************************

***************************

***************************

***************************
***************************

***************************

- 0 2 . . .
- f :3 - - -

— Q4 • • «

141195.

71786.

69409,

1979-Q1...
-02- —
-Q3...
-Q4.-.

***************************

1980-Q1..,

***************************

-Q2-...

33579.

85259.

80393.

21335.

12244-

***************************

37935-

23638.

14297.

***************************

***************************
***************************

165652-

44490.

27880.

16610.

***************************
***************************

-03...
-Q4.-.

***************************

1981-QK...

***************************

***************************

***************************
***************************

***************************

- Q 2 . e.

-Q3
-04..
1962-01..
-02__,

-Q3...

-o*-..

182463.

202486.

96205-

105804-

86258-

96682.

***************************
***************************
***************************

218619-

For 1982-C




109965.

108654.

FARMERS COMMODITY
CREDIT
HOME
ADMINIS- CORPORATION
TRATION

65810-

17262.

1978-Q1__.

59311-

INSURED COOPERATIVE L I F E
INSURANCE
FARM
COMMERCIAL
COMPANIES
CREDIT
BANKS
SYSTEM

8553.

25815.

***************************

63336.

TOTAL

BOB-REALESTATE

-Q3.
-Q4- ...

122647-

RSPORTING LENDING INSTITUTIONS

INDIVIDUALS AMD OTHERS

TOTAL DEBT

47901.

30180.

17721.

***************************

50550.

31770.

18780.

***************************
***************************
***************************

51530..

32000.

19530-

1
ated

on

the

basis

of

data

for

November.

TABLE 1 1 1 , 5 ( 3
FAIR DBBT OUTSTANDING
PERCENTAGE CHARGE FBOM PREVIOUS TEAK

BSD OF
0UARTJBR

1
1.
|
§
1
1

1976-Q1..., |
-02...|
-Q3..... f
|
1977-01..1
-02.... |
-Q3...g
-*Q4.... |
|
1978-Q1...|
-02...1
-03... j
-04.... J
|
1979-Q1...|
-Q2
J
—03.•. |
-04...;
j
1980-Q1
I
*02...|
-Q3..„|
-04...|
|
1981-Q1...|
-02.... |
-03... . |
—Q4..»«* |
j
1982-Q1.^.|
-02...|
-Q3„..|
-04...1

TOTAL DEBT
TOTAL

13.6

17.9

15.1

17.3

10.1

11.0

8.0




REAL
ESTATE

11*3

14.8

13.3

18.8

12.8

10.0

3.9

INDIVIDUALS AND OTHERS
1
1.
1
NON-REAL-* TOTAL
REAL
MOW-REALESTATE
|
ESTATE
ESTATE
1
1

16.2

21.#

17.0

15.8

7.3

12.1

12.4

|
j

|

|
•V

|
ii

1
1l

|
11

1
1

11.8

16.4

13.0

17.3

7.7

5.5

1.9

9.3

13.1

10.8

17.9

8.2

5.3

.7

REPORTING LENDING INSTITUTIONS
TOTAL

INSURED COOPERATIVE L I F E
COMMERCIAL
FARM
INSURANCE
BANKS
CREDIT
COMPANIES
SYSTEM

16.8

12.9
******
14.3

******
13.3
******
13.5

14.8
14.6
15.4
14.7

22.6

15.5
17.3
18.6
18.4

15.4
15.7
15.3
11.8

16.8

17.7
15.8
15.5
15.9

FARMERS COMMODITY
HOME
CREDIT
ADMINIS- CORPORTRATION
x nni. x u n

10.0

19.3
10.6
9.2
9.7

******
3.7
******
177.3

14.6
15.3
15.2
13.5

12.2
16.3
18.1
19.2

10.3
15.1
17. 1
21.3

192.7
619.5
932.5
336.5

8.7
6.7
7.7
9.6

11.5
10.4
11.4
13.6

20.6
19.4
19.4
18.8

36.6
46.9
52.7
48.7

290.7
187.7
63.1
24.8

16.2

16.7
18.3
17.2
17.3

9.8
9. 1
8.3
7.9

15.8
17.5
18.1
20.8

18.8
18.3
17.3
16.1

41.4
50.0
51.4
53.4

25.5
29.4
.7
-10.5

6.7

18.2
15.0
12.6
11.1

6.6
2.8
1.5
1.3

23.1
22.7
19.4
16.6

13.8
11.0
8.1
6.3

55.8
35.0
26.7
26. 1

t8.4
-6.4
.8
-1.8

6.0

11.2
11.1
12.7
12.9

2.1
5.4
4.7
2.6

16.0
16.0
17.8
16.2

4.9
2.2
2.4
1.0

24.6
24.9
23.3
19.9

2.<>
-25.7
2.5
60.9

4.0

11.9
10.8
10.0
10*0

4.5
6.2
8.5
8.2

12.0
9. 1
6.7
4.0

-.4
-.3
-1.5
-1.4

9.2
3.9
2.7
3.2

100. 1
171. 1
155.5
107.3

6.1
6.6

a. 4

.

U>

In

TABLE 1 1 2 ~ 1 Q
FARM DEBT OUTSTANDING AT REPORTING LENDING I N S T I T U T I O N S
ABOOUTS I N MILLIONS OF DOLLARS
REAL ESTATE DEBT
BID OF
UDARTBR

1
1

TOTAL

|
TOTAL

INSURED
COMMERCIAL
BANKS

FEDERAL
LAUD
BANKS

N 0 N - R 3 A I - E S T A T E DEBT

LIFE
INSURANCE
COMPANIES

FARMERS
HOME
ADMINISTRATION

TOTAL

INSURED PRODUCTION
FEDERAL FARMERS COMMODITY
COMMERCIAL CREDIT
INTERMEDIHOME
CREDIT
BANKS
ASSOCIAATE CREDIT ADMINISCORPORTIONS
BANKS
TRATION
ATION

1975-Q4.... |

65810.

|

32306.

6224.

16014.

6726.

3342.

33504.

20129.

10742.

352.

1907.

375.

1976-QU.-I
-Q2...I
-Q3.,HJ
-Q4„.• 1

67270.
71138.
73322.
75207.

|
|
|
|

33059.
34254.
35286.
36323-

6111.
6343.
6504.
6712.

16700.
17403.
17982.
18524.

6789.
6980.
7159..
7400.

3459.
3528.
3641.
3687.

34211.
36884.
38036.
38883.

2043J.
22149.
22882.
23206.

11117.
12006.
12321.
12196.

350.
374.
398.
370.

1886.
2151.
2195.
2071.

425.
205.
240.
1040.

1977-QL...F
—Q2.»»»» |
-Q3...|
-Q4
|

77663.
83428.
86992.
89068.

1
|
|
|

37688.
3950140870.
42001.

6977.
7342.
7607.
7730.

19331.
20190.
20874.
21466.

7615.
8116.
8452.
6819.

3765.
3853.
3937.
3985.

39976.
43927.
46122.
47067.

23667.
2562226270.
25704.

12563.
13749.
14069.
13454.

354.
395.
410.
370.

2128.
2686.
2895.
2999.

1244.
1475.
2478.
4540.

1 91395.
1978-Q1
96618.
-02...#
- Q 3 . . . | 100437.
-Q4.,„ . | 1 0 3 2 6 0 .

1
|
1
1

43428.
45274.
46924.
48148.

7902.
8189.
8418.
8467.

22234.
23131.
23939.
24660.

9183.
9691.
10095.
10478.

4109.
4264.
4472.
4535.

47967.
51344.
53513.
55112.

25420.
26993.
28054.
28180.

13427.
14312.
14955.
14901.

317.
451.
500.
511.

3943.
5345.
5963.
5853.

4860.
4243.
4041.
5666.

1979-Q1...|
-02..-|
-Q3
|
-04...|

106640.
114)01.
117724.
121162.

|
|
|
1

50574.
53458.
55708.
57379.

8504.
8628.
8695.
8554.

2585127261.
28430.
29725.

10907.
11461.
11842.
12165.

5312.
6108.
6740*
6934.

56066.
60843.
62017.
63783.

28096.
29769.
30813.
31004.

15381.
16688.
17452.
18045.

418.
589.
623.
666.

6073.
8308.
9058.
8998.

6098.
5489.
4071.
5070.

1980-Q1... |
-02
1
-Q3...J
-04...|

126020.
131447.
132533.
134562.

1
I
|
1

60181.
62894.
64495.
66025.

8518.
8436.
8488.
8546.

31603.
33681.
34852.
36032.

12415.
12725.
12800.
12928.

7645.
8052.
8355.
8519.

65839.
68553.
6803868537.

30481.
31055.
31596.
31541.

18953.
20195.
19911.
19636.

727.
755.
774.
811.

10092.
11409.
11655.
11571.

5586.
5139.
4103.
4978.

1981-Q1...|
-Q2.#.J
-Q3...|
-04...|

140176.
146097.
149354.
151936.

|
|
|
|

68150.
70584.
72633.
74024.

8464.
8439.
8412.
8301.

3803040280.
42103.
43658.

13028.
13002.
13106.
13059.

0629.
8863.
9013.
9017-

72026.
75514.
76720.
77902.

31338.
33166.
33553.
32843.

20612.
22126.
22315.
21042.

858.
958.
998.
932.

13472.
15447.
15649.
15077.

5746.
3817.
4206.
8008.

1982-QL...|
-Q2-..|
-03.-.J
-04...|

156874.
161926.
164315.
167089.

|
|
1
|

75431.
76917.
77673.
77965.

8326.
8450.
8521.
8461.

45074.
46316.
46954.
47282.

12974.
12967.
12906.
12875.

9057.
9185.
9292.
9347.

81443.
85009.
86642.
89124.

33282.
35755.
37013.
36039.

20722.
21898.
21875.
20101.

868.
939.
958.
872.

15075.
16071.
16048.
15508.

11496.
10347.
10748.
16604.

•

1"

.

1_

For 1982-Q4, data shown for life insurance companies are estimated on the basis of data for November.




TABLE 1 1 2 . 5 0
FASH DEBT OUTSTANDING AT REPORTING LENDING INSTITUTIONS
PBBCENTAGE CHANGE FROM PREVIOUS TEAR

\
END OF
QUARTER

|
|

1976-Ql,|
- Q 2 . ... |

REAL ESTATE DEBT
TOTAL
TOTAL

I0S7RSD
COMMERCIAL
BANKS

******

******

******

12.9

10.7

******

******

4.2
******

|

143

12.4

1977-Q1...|
-02..,1
"" Q 3» ••» |
-Q4...|

IS. 5
17.3
18.6
18.4

1978-Q1...|
-Q2.-.1
-Q3...|
-Q4...|

FEDERAL
LAND
BANKS

LIFE
INSURANCE
COMPANIES

1
1
FARMERS |
HOME
1
ADMINIS—|
TRATION 1
1
5.2
|
4.9
1
7.1
|
10.3
|

7.8

17.8
16.5
15.9
15.7

6.1
6-6
8.4
10.0

14*0
15.3
15.8
15.6

14.2
15.7
17.0
15.2

15.8
16.0
1*.1
15.9

12.2
16.3
18.1
19.2

8.8
9.2
8.1
8.1

17.7
15.. 8
15.5
15.9

15.2
14.6
14.8
14.6

13.3
11.5
10.7
9.5

15.0
14.6
14.7
14.9

20.6
19.4
19.4
18.8

9.1
10.7
13.6
13.8

I979-Q1-. ...I
-Q2 — |
-Q3._.|
-04-,.,- |

16-7
18.3
17.2
17.3

16.5
18. 1
18.7
19.2

7.6
5.4
3.3
1.0

16-3
17.9
18.8
20.5

18.8
18.3
17.3
16.1

29.3
43.3
50.7
52.9

1980-Q1-....I
-02...I
-Q3..... |
—Q4.••|

18.2
15.0
12.6
11.1

19.0
17.7
15.8
15.1

.2
-2.2
-2.4
-.1

22.3
23.6
22.6
21.2

13.8
11.0
8.1
6.3

43.9
31.8
24.0
22.9

1981-Q1...J
-Q2
|
-03...#
-Q4.--j

11.2
11.. 1
12.7
12.9

13.2
12.2
12.6
12.1

-.6
.0
-.9
-2-9

20.3
19.6
20.8
21.2

4.9
2.2
2.4
1.0

12.9
10.1
7.9
5.8

1982-01-—I
-Q2...j
-Q3
|
-Q4---|

11.9
10.8
10.0
10.0

10.7
9.0
6.9
5.3

-1.6
.1
1.3
1.9

18.5
15.0
11.5
8.3

-.4
-.. 3
-1.5
-1.4

5.0
3.6
3.1
3.7

-Q4




|
|
|
1
I
|
|
|
§
|
§
|
|
1
|
|
1
1
1
|
|
1
1
1
1
|
J
{
1

NON-REAL-ESTATE DEBT
TOTAL

INSURED PRODUCTION
FEDERAL FARMERS COMMODI
COMMERCIAL CREDIT
INTERMEDIHOME
CREDIT
BANKS
ASSOCIAATE CREDIT ADMINIS- CORPORTIONS
BANKS
TRATION
ATION

******

******

15.0

16.2

-.9
4.8
11.4
5.3

58.2
21.3
12.9
8.6

******

15-3

11.0
12.2
14.8
13.5

16.9
19-1
21.3
21.0

15-8
15.7
14.8
10.8

13.2
14.5
14.2
10.3

1.2
5.6
3.0
-.1

12.8
24.9
31-9
44.8

192.7
619.5
932.5
336.5

20.0
16.9
16.0
17.1

7.4
5.4
6.8
9.. 6

6.7
4 1
6.3
10.8

-10.4
14.2
22.1
38.2

85.3
99.0
106.0
95.2

290.7
187.7
63.1
24.8

16.9
18.5
15.9
15.7

10.5
10.3
9.8
10.0

14.6
16.6
16.7
21.1

31.7
30.7
24.4
30.4

54.0
55.4
51.9
53.7

25.5
29.4
.7
-10.5

17.4
12.7
9.7
7.5

8-5
4.3
2-5
1.7

23.2
21.0
14.1
8.8

74- 1
28. 1
24.3
21.7

66.2
37.3
28.7
28.6

-8.4
-6.4
.8
-1.8

9.4
10.2
12.8
13.7

2.8
6-8
6.2
4-1

8.8
9.6
12.1
7.2

17.9
26.9
29.0
14.9

33.5
35.4
34.3
30.3

2.9
-25.7
2.5
60.9

13.1
12.6
12.9
14.4

6.2
7-8
10.3
9.7

.5
-1.0
-2.0
-4.5

1.2
-2. 1
-4.0
-6.4

11.9
4.0
2.5
2.9

100. 1
171.1
155.5
107.3

******

******

16.1

3.7
******

177.3

W