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E.15 (125)

July 1981

Emanuel Melichar
Paul T. Balides




AGRICULTURAL
FINANCE
DATABOOK
Quarterly Series

Division of Research and Statistics
Board of Governors of the Federal Reserve System
Washington, D.C. 20551

2

AGRICULTURAL FINANCE DATABOOK— QUARTERLY SERIES

SECTION

JULY 1981

PAGE

100

Outstanding farm debt.............................................

200

Farm lending operations and experience of nonbank institutions... 8

300

Agricultural banking data......................................... 34

900

Farm income and expenses...............................




3

58

AGRICULTURAL FINARCS DATABOOK’-QUARTERLY SERIES

100

JULY 1981

OUTSTANDING FARM DEBT

111 TOTAL DEBT
111. IQ
111.2Q
111.3Q
111-4Q
111.5Q
111.6Q

AMOUNT.... -.................. ...................... .............4
CHANGE FROM PREVIOUS QUARTER............................
4
PERCENTAGE CHANGE FROM PREVIOUS QUARTER..........
4
CHANGI. FROM PREVIOUS YEAR......................... -............ 5
PERCENTAGE CHANGE FROM PREVIOUS YEAR.....................
...5
PERCENTAGE DISTRIBUTION...........................
...5

112 REAL ESTATE AND NON-REAL-ESTATE DEBT TO REPORTING LENDING INSTITUTIONS
112. 1Q
112. 2Q
112.3Q
112.4Q
112. 5Q
112. 6Q

SOURCES:

AMOUNT............................................... ....... ....6
CHANGE FROM PREVIOUS QUARTER....................... .............6
PERCENTAGE CHANGE FROM PREVIOUS QUARTER................. -.......6
CHANGE FROM PREVIOUS YEAR..... .................................. 7
PERCENTAGE CHANGE FROM PREVIOUS YEAR................... ......... 7
PERCENTAGE DISTRIBUTION............. ................... .........7

QUARTERLY REPORTS OF CONDITION, ALL INSURED COMMERCIAL BANKS;
"PRODUCTION CREDIT ASSOCIATIONS— SELECTED MONTHLY LOAN DATA,"
SUPERVISORY DIVISION, FARM CREDIT ADMINISTRATION;
"FEDERAL LAND BANKS— SUMMARY OF SELECTED MONTHLY LOAN DATA,"
TECHNICAL SERVICES DIVISION, FARM CREDIT ADMINISTRATION;
"FARM CREDIT SYSTEM LOAN OPERATIONS," BANK SERVICES DIVISION,
FARM CREDIT ADMINISTRATION;
"GROSS FLOW OF MORTGAGE LOANS IN THE UNITED STATES," AMERICAN
COUNCIL OF LIFE INSURANCE;
FINANCE OFFICE, FARMERS HOME ADMINISTRATION, U. S..DEPARTMENT OF
AGRICULTURE;
ECONOMICS AND STATISTICS SERVICE, U.S. DEPARTMENT OF AGRICULTURE.




3

4
TABLE 111Q
PABH DEBT OUTSTANDING
1
1.
END OF
|
uu a s t e r
i TOTAL
i
i
l
1
1.
I
1 9 7 5 -^4 ...i
90871.

TOTAL DEBT
PEAL
ESTATE

1
I
1
NON-REAL- 1
ESTATE
l
|

BEAL
E S TATE

51034.

39837.

56589.

25078.

1977-31...J ***************************
-Q2...| * * * * * * * * * * * * * * * * * * * * * * * * * * *
- Q 3 . . • | ***************************
-39... | 119096.
63670.
55426.

***************************
***************************
***************************
174636.
92710.
81926.

1981-31-..1
-Q2... |
1
1
1
1
1
1976-Q1...|
-Q2...I
-33...I
-Q4...I

***************************
***************************

***************************
***************************
***************************
***************************

1977-31...1
-32... |
-33...|
- 3 4...1

***************************
***************************
***************************
***************************

1978-31... 1
-32...|
- 3 3 . ..|
-34...|

***************************
***************************
***************************
***************************

1979-31...1
-32...|
-33...|
-34...|

***************************
***************************
***************************
***************************

1980-31...|
-32...|
-33...1
-34...|

***************************
***************************
***************************
***************************

1
1

***************************

27566.

20266.

***************************

1 ***************************
21669.
8410.
1 30079.
***************************
***************************
***************************

1
1 ***************************
1 ***************************
J ***************************
40685.
26685.
14000.
1
1 ***************************
***************************

1
1
1
1
1
1
1
1
1
1

*************************
*************************
*************************
*************************

1 9 7 7 - Q 1 ... 1
-Q2...J
-Q3...I
-Q4...|

*************************
*************************
*************************
*************************

1978-Q1...|
-Q2...I
-Q3...I

*************************
*************************
*************************
*************************
*************************
* * * * * * * * * * * * * * * * * * * * * * * * *
* * * * * * * * * * * * * * * * * * * * * * * * *

- Q 4 . . . I

* * * * * * * * * * * * * * * * * * * * * * * * *

1 9 8 0 - Q 1 ...|

* * * * * * * * * * * * * * * * * * * * * * * * *

- Q 2 . . . |

* * * * * * * * * * * * * * * * * * * * * * * * *

- Q 3 . . . I

* * * * * * * * * * * * * * * * * * * * * * * * *

- Q 2 . . . I

I
I
I
I
I
I
I
I

|

I

I
I

65793.

26353.

27107.

6726.

5249.

358.

67250.
71116.
73297.
75179.

26544.
28492.
29386.
29918.

28167.
29783.
30702.
31791.

6789.
6980.
7159.
7400.

5345.
5679.
5836.
5758.

406.
183.
215.
1012.

77630.
83388.
86947.
89017.

30644.
32964.
33877.
33434.

32268.
34334.
35353.
35290.

7615.
8116.
8452.
8819.

5893.
6539.
6832.
6984.

1211.
1436.
2433.
4489.

91251.
96381.
100107.
102836.

33322.
35182.
36472.
36647.

35978.
37894.
39394.
40080.

9183.
9691.
10095.
10478.

8052.
9609.
10435.
10388.

4716.
4006.
3711.
5243.

106182.
113805.
117191.
120592.

36600.
38397.
39508.
39558.

41650.
44539.
46505.
48436.

10907.
11461.
11842.
12165.

11385.
14416.
15798.
15932.

5639.
499 3.
3538.
4500.

38999.
39491.
40084.
40087.

51284.
54631.
55537.
56479.

12415.
12725.
12800.
12928.

17737.
19461.
20009.
20090.

5006.
4549.
3503.
4367.

39800.
41646.

59500.
63364.

13028.
13002.

22101.
24309.

5175.
2621.

1
125440.
1 130857.
131933.
1 133951.
1
139603.
1 144942.
i

BI L L I O N S OP D O L L A R S

1
***************************
***************************
***************************
***************************
***************************
***************************
***************************
***************************

1 ***************************
1 ♦**♦****♦♦♦****♦♦♦♦*♦♦**♦**
***************************
***************************
1
1
***************************
1 ***************************
1 ***************************
1 ***************************

1
1
1
1
1
1
1
1
1
1
1
1
1

1
1
1 *************************** 1
***************************
j *************************** 1
1 *************************** 1
1
1
J *************************** 1

1 *********************♦ ♦ *♦ **

i

1
1
1
1
1
1
1
1
1
1
1
1

1458.
3866.
2181.
1881.

191.
1948.
894.
532.

1060.
1616.
919.
389.

63.
191.
179.
242.

96.
334.
157.
-78.

48.
-223.
32.
797.

2452.
5758.
3559.
2070.

726.
2320.
913.
-443.

1177.
2066.
1019.
-63.

215.
501.
336.
367.

135.
646.
293.
152.

199.
224.
998.
2056.

2234.
5130.
3726.
2730.

-1 1 2 .

688.

1860.
1290.
175.

1916.
1500.
687.

364.
507.
404.
383.

1068.
1557.
826.
-47.

227.
-710.
-295.
1532.

-47.
1797.

429.
553.
382.
323.

997.
3031.
1382.
134.

397.
-646.
-1455.
963.

1805.
1724.
54 8.
81.

-457.
-1046.
864.

3345.
7623.
3386.
3401.

50.

1569.
2889.
1966.
1931.

4848.
5417.
1076.
2018.

-559.
492.
593.
3.

2847.
3348.
906.
942.

250.
310.
75.
128.

5652.
5339.

-287.
1846.

3020.
3865.

100.

2011.

-26.

2208.

1111.

505.

808.
-2554.

PEBCBMTAGE CHANGE PEON PREVIOUS QUABTEB

* * * * * * * * * * * * * * * * * * * * * * * * *

*************************
*************************

1_




*************************
*************************
*************************
*************************

|
|
j
|

2.2
2.6

1.8

*************************
*************************
*************************
*************************

{
j
|
j

3.3
7.4
4.3
2.4

2.4
7.6

*************************

1
j

5.7
3.1

0.7
7.3
3. 1

3.9
5.7
3.1
1.3

2.8
2.6

1.8
6.2
2.8

3.4

-1.3

0.9

13.3
-54.9
17.7
370.2

-1 . 3

3.8
6.4
3.0
-0.2

2.2

19.7
18.5
69.5
8 4.5

-0 . 3
5.6

1.9
5.3

4.1
5.5

15.3
19.3

5.0
-15.1

3 .7

4 . 0

4 .2

8 . 6

- 7 . 4
4 1 . 3

2.8

2.9

2.3

6.6

11.0

4.1
4.3

4.5

j
|

2.5
5.6
3.9

* * * * * * * * * * * * * * * * * * * * * * * * *

|

2 .7

0 . 5

1 .7

3 .8

- 0 . 4

* * * * * * * * * * * * * * * * * * * * * * * * *

I
|

3 . 3

- 0 . 1

3 . 9

4 .1

9 .6

1

* * * * * * * * * * * * * * * * * * * * * * * * *

j

7 . 2

4 . 9

6 . 9

5 .1

2 6 . 6

- 1 1 . 5

1

* * * * * * * * * * * * * * * * * * * * * * * * *

|

3 . 0

2 . 9

4 .4

3 .3

9 . 6

- 2 9 . 1

0 . 1

2 7 . 2

1

*************************
* * * * * * * * * * * * * * * * * * * * * * * * *

1
1

1
1

- Q 4 . . . I

FA R M E R S
COMMODITY
H OME
CREDIT
ADMINISCOBFOBTBAT 1 0 N — A X I S * ___

1

1976— Q 1.•• |
-Q2...I
-Q3...|
-Q4...I

1 9 8 1 —Q l . . . |

INSUPED
COOPERATIVE
LIFE
COSNEBCIAL
INSURANCE
FASH
B ANKS
C R EDIT
COMPANIES
SYSTEM

IN MILLIONS O F D O LLARS

C H A N G E PBOH PREVIOUS 30ARTER,

111.3Q

- Q 2 . . . J

T O TAL

33478.
23058.
10420. 1
1
*************************** 1
*************************** 1
*************************** 1
36857.
25137.
11720. 1

111.23

1

- Q 3 . . . I

7300.

I

1981-31...| ***************************
- 3 2 . . . J ***************************
1

1 9 7 9 - Q 1 ...|

6350.

***************************
***************************

*************************** 1
*************************** 1
—3 3 . . . | *************************** 1
-Q4...I 136315.
71206.
65108. 1
1
1979-Q1... | *************************** 1
-32... | *************************** 1
-Q3. . . I *************************** 1
82516.
74933. 1
-Q9... | 157449.

1980— Q1...|
— Q 2 . •• |
- Q 3 . -. |
-Q4...I

18728.

1
1

1978-Q1...|

- Q 4 . . . 1

AMOUNTS

***************************

46155.

R EPORTING LEND I N G I N S T I T U T I O N S

NON-SEALESTATE

111.13

***************************
102745.

T OTAL

1

1976-Q1. • • | * * * * * * * * * * * * * * * * * * * * * * * * * * *
-Q2...I ***************************
-Q4..-I

I N D IVIDUALS AND OTHE R S

1
1
1
1

j

2 .9

*************************

****♦

♦

*♦

**♦

**♦

***♦

♦

*♦

*♦

♦

♦

|

4 . 0

7 . 6

4 . 2

2 .7

0 . 8

- 1 . 4

5 .9

2 .1

1 1 .3

4 . 3

1 .3

6 . 5

2 .5

9 . 7

- 9 . 1

0 . 8

1 .5

1 .7

0 .6

2 . 8

- 2 3 . 0
2 4 . 7

1 1 .2

* * * * * * * * * * * * * * * * * * * * * * * * *

|

* * * * * * * * * * * * * * * * * * * * * * * * *

j

* * * * * * * * * * * * * * * * * * * * * * * * *

|

1 .5

0 . 0

1 .7

1 .0

0 . 4

*************************
*************************

|
|

4 . 2

- 0 . 7

5 . 3

0 .8

1 0 . 0

1 8 .5

3 . 8

4 . 6

6 . 5

- 0 . 2

1 0 .0

- 4 9 . 4

1
1
1

_1-

J_

5
TABLE 111Q {CONTINUED)
FARN DFBT OUTSTANDING

END OF
QUARTER

I
1
1
|

TOTAL DEBT
TOTAL

1
1

PEAL
ESTATE

1

INDIVIDUALS AND OTHERS

1
NON-REAL-|
ESTATE |

TOTAL

111.4Q
1
1

1976-Q1... * * * * * * * * * * * * * * * * * * * * * * * * * * *
-Q2. • | ***************************
-QJ. . . | * * * * * * * * * * * * * * * * * * * * * * * * * * *
-Q4... |
11874.
5555.
6318.
|

1977-Q1... I
-Q2... j
-Q3- . . j
-Q4... |

REAL
ESTATE

_____ L_

* * * * * * * * * * * * * * * * * * * * * * * * * * *
* * * * * * * * * * * * * * * * * * * * * * * * * * *
* * * * * * * * * * * * * * * * * * * * * * * * * * *

16351.

7080.

9271.

CHANGE FPCM PREVIOUS YEAR, MILLIONS OF DOLLARS

1

* * * * * * * * * * * * * * * * * * * * * * * * * * *
***************************

|

* * * * * * * * * * * * * * * * * * * * * * * * * * *

1
1

J
1

1978-Q1... | * * * * * * * * * * * * * * * * * * * * * * * * * * *
-Q2... j *************************** 1
-Q3... J * * * * * * * * * * * * * * * * * * * * * * * * * * *
-Q4. . |
17219*
7537.
9682. 1

2488.

1533.

950.

* * * * * * * * * * * * * * * * * * * * * * * * * * *
* * * * * * * * * * * * * * * * * * * * * * * * * * *
* * * * * * * * * * * * * * * * * * * * * * * * * * *

2513.

REPORTING LENDING INSTITUTION'S

INSUREDCOOPERATIVE LIFE
FARMERS COHHODIiY
NON-REAL-|
TOTAL COHHERCIAL
FARM
INSURANCE
HONE
CPFDIT
ESTATE |
BANKS
CREDIT
COKPAMIES ADHINIS- ' CORPOR­
-------------------- SYSTj&_____________ TRATION
ATION

1

1

|

1403.

1
I
1
I
1

* * * * * * *

* * * * * * *

9386.

3565.

3624.
3785.
4089.
3984.

10380.
12272.
13650.
13838.

4100.
447 2.
4491.
3516.

4101.
4551.
4651.
4200.

826.
1136.
1294.
1419.

54 8.
860.
996.
1226.

806.
1253.
2218.
3477.

13620.
12993.
13160.
13820.

2678.
2218.
2595.
3213.

3710.
3560.
4041.
4790.

1568.
1575.
1643.
1659.

2159.
3070.
3603.
3404.

3504.
2570.
1278.
754.

1724.
1770.
1747.
1687.

3333.
4807.
5363.
5544.

924.
987.
-173.
-742.

1507.
1264.
958.
763.

6352.
5045.
4211.
4158.

-633.
-444.
-35.
-133.

613.
277.

4364.
4848.

169.
-1928.

309t>.
* * * * * * *

3349.
* * * * * * *

1976-Q 2 .,

1
1
1

1110.

-Q3.
-Q4.
1977-

*************************
*************************

100.0

55.1

44.9

Q1..*************************

— Q3 • i

*************************
*************************

-Q4..

100.0

-Q 2 ..

1978-Q2..
-Q3.

-QN.
1 979-Q2.
-Q3.

-QU.
1980-Q2-Q3.

-Q4.
1981-

-Q2.

53.5

46.5

* * * * * * *

-15.
* * * * * * *

654.

1
* * * * * * * * * * * * * * * * * * * * * * * * * * *
* * * * * * * * * * * * * * * * * * * * * * * * * * *

1

* * * * * * * * * * * * * * * * * * * * * * * * * * *

|

* * * * * * * * * * * * * * * * * * * * * * * * * * *

Q1.,

866.
543.
491.
509.

1

3399.
1389.
2010. 1
1
3278.
5672.
1 * * * * * * * * * * * * * * * * * * * * * * * * * * * 1 14931.
* * * * * * * * * * * * * * * * * * * * * * * * * * *
17424.
3215.
6645.
1 * * * * * * * * * * * * * * * * * * * * * * * * * * *
* * * * * * * * * * * * * * * * * * * * * * * * * * *
17084.
3036.
7111.
1 * * * * * * * * * * * * * * * * * * * * * * * * * * * |
21134.
11309.
9825. 1
3379.
2079.
1300. 1 17755.
2911.
8356.
1
1
1980-Q1.. | * * * * * * * * * * * * * * * * * * * * * * * * * * * 1 * * * * * * * * * * * * * * * * * * * * * * * * * * *
19259.
2399.
9634.
-Q2. • J * * * * * * * * * * * * * * * * * * * * * * * * * * * 1 * * * * * * * * * * * * * * * * * * * * * * * * * * * |
1094.
17052.
10093.
-Q3...,j * * * * * * * * * * * * * * * * * * * * * * * * * * * 1 * * * * * * * * * * * * * * * * * * * * * * * * * * * 1 14742.
576.
9032.
-Q4...>| 17188.
10195.
6993. 1
13359.
3828.
1548.
2280.
529.
8043.
i
1
1
1
1981-Q1...,| * * * * * * * * * * * * * * * * * * * * * * * * * * * 1 * * * * * * * * * * * * * * * * * * * * * * * * * * * 1 14163.
801.
8216.
-Q2..4,j *************************** j *************************** 1 14085.
2155.
8733.
1
^
1
1
111.5Q PERCENTAGE CHANGE FBOH PREVIOUS YEAR
1
1
__
_
1
1
1
******
1976-Q1...,| *************************
14.8
1 ************************* 1 ******
-Q2...,) *************************
12.8
13.3
14.6
f ************************* 1
******
,
j
*************************
******
*************************
-Q3...
15.4
I
)
—Q4.•« |
13.1
10.9
15.9 1
14.7
9.9
9.2
15.0
14.3
13.5
1
)
1
* * * * * * * * * * * * * * * * * * * * * * * * *
1977-Q1...
15.4
15.4
14.6
1 * * * * * * * * * * * * ** * * * * * * * * * * *
* * * * * * * * * * * * * * * * * * * * * * * * *
* * * * * * * * * * * * * * * * * * * * * * * * *
-Q2. ..
17.3
15.7
15.3
J ************************* 11 ************************* 11 18.6
-Q3...,
15.3
15.2
18.4
-Q4. . <.1
15.9
12.5
20.1
9.1
6.9
15.2 1
11.8
13.5
1
1
1
1
8.7
1978-Q1..,,| *************************
17.5
11.5
1 ************************* 1
-Q2-..,| *************************
6.7
15.6
10.4
1 ************************* 1
-Q3. .,,| ***************£*********
15.1
11.4
7.7
1 ************************* 1
-Q4...,|
11.3
6.4
23.9 1
14.5
11.8
17.5 1
15.5
9.6
13.6
1
1
1
1979-Ql...„j ************************* 1
16.4
9.8
15.8
-Q2...,| *************************
18.1
9.1
17.5
1 ************************* 1
************************* 1 ************************* 1
17.1
-Q3...
8.3
18.1
—Q4...,|
15.5
15.9
15.1
20.8
10.1
9.0
12.5 1
17.3
7.9
1
1
1
1
1980-Q1••4,j *************************
18.1
6.6
23.1
1 ************************* 1
15.0
22.7
2.8
-Q2. ..
1 *************************
,
|
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
12.6
1.5
19.4
-Q3.•.
1 * * * * * * * * * * * * ** * * * * * * * * * * *
1
-Q4...|
10.9
12.4
9.3 1
10.4
6.2
19.5 1
11.1
1.3
16.6
i
1
1981-Q1...,1 * * * * * * * * * * * * * * * * * * * * * * * * *
11.3
16.0
2.1
1 * * * * * * * * * * * * ** * * * * * * * * * * *
1
* * * * * * * * * * * * * * * * * * * * * * * * *
-Q2..4,|
10.8
5.5
16.0
1 * * * * * * * * * * * * ** * * * * * * * * * * *
1
|
1
____ _
_ _
1
1
111.6Q PERCENTAGE OF TOTAL
1
.
_
1
«
1
1975—Q4. •4.) 100.0
56.2
43.8
27.6
20.6
7.0 1
72.4
29.0
29.8
1979-Ql.. . |
-Q2... j
-Q3... |
-Q4. • |

391.
435.
555.
674.

*************************
*************************
*************************

26.8

19.7

7.1

*************************
*************************
*************************

25.3

18.2

7.1

Q1. *************************

*************************

*************************

*************************
*************************

6.1
6.6
8.4
10.0

19.3
10.6
9.2
9.7

******
-7.5
******
182.8

12.2
16.3
18.1
19.2

10.3
15.1
17.1
21.3

198.7
684.9
1030.6
343.7

20.6
19.4
19.4
18.8

36.6
46.9
52.7
48.7

289.4
179.0
52.5
16.8

18.8
18.3
17.3
16.1

41.4
50.0
51.4
53.4

19.6
24.6
-4.7
-14.2

13.8
11.0
8.1
6.3

55.8
35.0
26.7
26.1

-11.2
-8.9
-1.0
-3.0

4.9
2.2

24.6
24.9

3.4
-42.4

7.4

5.8

0.4

*******************************************************

♦******************************************************
*******************************************************
73.2
29.1
30.3
7.2
5.6
1.0
*******************************************************

*******************************************************
*******************************************************

74.7

28.1

29.6

7.4

5.9

3.8

7.6

*******************************************************
*******************************************************
*******************************************************
75.4
26.9
29.4
7.7
7.6
3.8

Ql.,*************************

*************************

*******************************************************

*************************
*************************

***********••*•*••*******

*******************************************************

*************************

*******************************************************

*************************
100.0
52.2
47.8

100.0

52.4

47.6

Ql. *************************

*************************
*************************

100.0

53.1

46.9

Q1. *************************

*************************




24.6

21.4

16.9

16.0

7.4

76.6

25.1

30.8

7.7

10.1

2.9

*************************
*************************

*******************************************************
*******************************************************

*************************
23.3
15.3
8.0

*******************************************************

*************************
*************************

*******************************************************

76.7

23.0

32.3

7.4

11.5

2.5

*******************************************************

6
TABLE 112Q
PARS DEBT OUTSTANDING AT REPORTING LENDING INSTITUTIONS
1
1
END OF
| TOTAL
QUARTER
|
1
1
1
1
1.
1
1v75-Q4...i 65793.
1
1976-Q1...| 67250.
-Q2...I 71116.
-33... 1 73297.
-Q4...| 751791
1977— Q1...| 77631.
-Q2... | 833b8.
-23...| 86947.
-34...1 89017.
1
1978-Q1... | 91251.
-32...J 96381.
-33...| 100107.
-Q4...I 102837.
i
1979-Q1... | 106182.
-32...I 113805.
-23...| 117191.
— 34...| 120592.
1980-31...I
-32...|
-Q3...I
-Q4...I
1
1981-31...|
-Q2...J

REAL ESTATE DEBT
I
TOTAL

INSURED
COMMERCIAL
BANNS

FEDERAL
LAND
BANKS

LIFE
INSURANCE
COMPANIES

L
112.1Q

1
1
FARMERS 1
HOME
1 TOTAL
ADMINIS­ 1
TRATION 1 .

NON-REAL-KSTATB DEBT
FEDERAL FARMERS COMMODITY
INSURED PRODUCTION
CREDIT
INTERMEDI­ HOME
COMMERCIAL CREDIT
BANKS
ASSOCIA­ ATE CREDIT ADMINIS­ CORPOHTRATION
ATIOS
BANKS
TION

AMOUNTS INI MILLIONS OF DOLLARS

|

32306.

6224.

16014.

6726.

3342.

33487.

20129.

10742.

352.

1907.

358.

|
|
|
|

33059.
34254.
35286.
36323.

6111.
6343.
6504.
6712.

16700.
17403.
17982.
18524.

6789.
6980.
7159.
7400.

3459.
3528.
3641.
3687.

34191.
36862.
38011.
38855.

20433.
22149.
22882.
23206.

11117.
12006.
12321.
12196.

350.
374.
398.
370.

1886.
2151.
2195.
2071.

406.
183.
215.
1012.

|
|
|
|

37688.
39501.
40870.
42001.

6977.
7342.
7607.
7730.

19331.
20190.
20874.
21466.

7615.
8116.
8452.
8819.

3765.
3853.
3937.
3985.

39943.
43887.
46077.
47016.

23667.
25622.
26270.
25704.

12583.
13749.
14069.
13454.

354.
395.
410.
370.

2128.
2686.
2895.
2999.

1211.
1436.
2433.
4489.

|
|
|
|

43428.
45274.
46924.
48148.

7902.
8189.
8418.
8467.

22234.
23131.
23939.
24668.

9183.
9691.
10095.
10478.

4109.
4264.
4472.
4535.

47822.
51107.
53183.
54688.

25420.
26993.
28054.
28180.

13427.
14312.
14955.
14901.

317.
451.
500.
511.

3943.
5345.
5963.
5853.

4716.
4006.
3711.
5243.

|
|
|
|

50574.
53458.
55708.
57379.

8504.
8628.
8695.
8554.

25851.
27261.
28430.
29725.

10907.
11461.
11842.
12165.

5312.
6108.
6740.
6934.

55607.
60347.
61484.
63213.

28096.
29769.
30813.
31004.

15381.
16688.
17452.
18045.

418.
589.
623.
666.

6073.
8308.
9058.
8998.

5639.
4993.
3538.
4500.

|
|
|
|

60181.
62894.
64495.
66025.

8518.
8436.
8488.
8546.

31603.
33681.
34852.
36032.

12415.
12725.
12800.
12928.

7645.
8052.
8355.
8519.

65259.
67963.
67438.
67926.

30481.
31055.
31596.
31541.

18953.
20195.
19911.
19636.

727.
755.
774.
811.

10092.
11409.
11655.
11571.

5006.
4549.
3503.
4367.

139603. |
144942. |

68150.
70634.

8464.
8489.

38030.
40280.

13028.
13002.

8629.
8863.

71453.
74309.

31336.
33157.

20612.
22126.

856.
958.

13472.
15447.

5175.
2621.

125440.
130857.
131933.
133951.

1
1
I
1
1976-Q1.•.|
-32...|
-Q3...|
-34...|

1458.
3866.
2181.
1881.

|
|
|
|

753.
1195.
1032.
1038.

-113.
232.
161.
208.

686.
703.
579.
542.

63.
191.
179.
242.

117.
69.
113.
46.

704.
2671.
1149.
844.

304.
1716.
733.
324.

376.
888.
316.
-125.

-2.
24.
24.
-28.

-21.
265.
44.
-124.

48.
-223.
32.
797.

1977-Q1...|
-32... |
-33...|
-Q4...I

2452.
5758.
3559.
2070.

|
|
|
|

1364.
1813.
1369.
1131.

265.
365.
265.
123.

807.
859.
684.
593.

215.
501.
336.
367.

78.
88.
84.
48.

1088.
3944.
2190.
939.

461.
1955.
648.
-566.

387.
1166.
320.
-615.

-16.
41.
15.
-40.

57.
558.
209.
104.

199.
224.
998.
2056.

1978-Q1... |
-32... |
-Q3... |
-Q4..-I

2234.
5130.
3726.
2730.

|
|
|
|

1427.
1846.
1649.
1225.

172.
287.
229.
49.

768.
897.
608.
729.

364.
507.
404.
383.

124.
155.
208.
63.

806.
3284.
2077.
1505.

-284.
1573.
1061.
126.

-27.
885.
643.
-53.

-53.
134.
50.
10.

944.
1402.
618.
-110.

227.
-710.
-295.
1532.

1979-Q1. •• |
-32...I
-23... |
-34...I

3345.
7623.
3386.
3401.

|
|
|
J

2426.
2884.
2250.
1671.

37.
124.
67.
-141.

1183.
1410.
1169.
1295.

429.
553.
382.
323.

777.
796.
632.
194.

919.
4740.
1137.
1730.

-84.
1673.
1044.
191.

480.
1307.
764.
592.

-93.
172.
33.
44.

2 20.
22 34.
750.
-60.

397.
-646.
-1455.
963.

1980-Q1...|
-32...|
-Q3...|
-34... |

4848.
5417.
1076.
2018.

|
|
|
|

2802.
2713.
1601.
1530.

-36.
-82.
52.
58.

1878.
2078.
1171.
1180.

250.
310.
75.
128.

711.
407.
303.
164.

2046.
2704.
-525.
488.

-523.
574.
541.
-55.

908.
1242.
-284.
-275.

61.
28.
19.
37.

1094.
1317.
246.
-94.

505.
-457.
-1046.
864.

1981-31...j
-32... 1
1
1

5652. f
5339. |

2125.
2484.

-82.
25.

1998.
2251.

100.
-26.

110.
234.

3527.
2856.

-205.
1821. ,

976.
1513.

47.
101.

1901.
1975.

808.
-2554.

112.2Q

CHANGE FROM PREVIOUS QUARTER, MILLIONS OF DOLLARS

1 _
112.3Q

PERCENTAGE CHANGE FROM PREVIOUS QUARTER

1
1
1976-Q1... |
-32... |
-33...|
-34...|

2.2
5.7
3.1
2.6

2.3
3.6
3.0
2.9

-1.8
3.8
2.5
3.2

4.3
4.2
3.3
3.0

0.9
2.8
2.6
3.4

3.5
2.0
3.2
1.3

2.1
7.8
3.1
2.2

1.5
8.4
3.3
1.4

3.5
8.0
2.6
-1.0

-0.6
6.9
6.5
-7.0

-1.1
14.1
2.0
-5.6

13.3
-54.9
17.7
370.2

1977-Q1...|
-32...|
-33...|
-34...|

3.3
7.4
4.3
2.4

3.8
4.8
3.5
2.8

3.9
5.2
3.6
1.6

4.4
4.4
3.4
2.8

2.9
6.6
4.1
4.3

2.1
2.3
2.2
1.2

2.8
9.9
5.0
2.0

2.0
8.3
2.5
-2.2

3.2
9.3
2.3
-4.4

-4.4
11.6
3.9
-9.8

2.8
26.2
7.8
3.6

19.7
18.5
69.5
84.5

1978-Q1...|
-32...|
-23...|
-04...|

2.5
5.6
3.9
2.7

3.4
4.3
3.6
2.6

2.2
3.6
2.8
0.6

3.6
4.0
3.5
3.0

4.1
5.5
4.2
3.8

3.1
3.8
4.9
1.4

1.7
6.9
4.1
2.8

-1.1
6.2
3.9
0.4

-0.2
6.6
4.5
-0.4

-14.2
42.2
11.0
2.1

31.5
35.6
11.6
-1.8

5.0
-15.1
-7.4
41.3

1979-Q1...|
-02...|
-03...I
-04... |

3.3
7.2
3.0
2.9

5.0
5.7
4.2
3.0

0.4
1.5
0.8
-1.6

4.8
5.5
4. 3
4.6

4.1
5.1
3.3
2.7

17.1
15.0
10.3
2.9

1.7
8.5
1.9
2.8

-0.3
6.0
3.5
0.6

3.2
8.5
4.6
3.4

-18.2
41. 1
5.7
7.0

3.8
36.8
9.0
-0.7

7.6
-11.5
-29.1
27.2

1980-Ql...|
-32... |
-03...|
-04...|

4.0
4.3
0.8
1.5

4.9
4.5
2.5
2.4

-0.4
-1.0
0.6
0.7

6.3
6.6
3.5
3.4

2.1
2.5
0.6
1.0

10.3
5.3
3.8
2.0

3.2
4.1
-0.8
0.7

-1.7
1.9
1.7
-0.2

5.0
6.6
-1.4
-1.4

9.2
3.8
2.5
4.8

12.2
13.0
2.2
-0.7

11.2
-9.1
-23.0
24.7

1981-Q1...|
-32...|
i.

4.2
3.8
____ l

3.2
3.6

-1.0
0.3

5.5
5.9

0.8
-0.2

1.3
2.7

5.2
4.0

-0.6
5.8

5.0
7.3

5.8
11.7

16.4
14.7

18.5
-49.4




7

TABLE 112Q (CONTINUED)
FAR*! DEBT OUTSTANDING AT REPORTING LENDING INSTITOTIONS
REAL ESTATE DEBT
END or
QUARTER

!
| TOTAL
I
1
1
1
1

|
IOTAL

INSURED
COBHEfeCIAL
BANKS

FEDERAL
LAND
BARKS

LIFE
INSURANCE
COMPANIES

112.9Q

1
1976-Q1...| ******* | ••***••
8096. |
“Q2... |
3319.
-Q3...I •*••**• | * * * * * * *
9386. |
9019.

••**•*•
253.

1
1
FARMERS 1
HOMS
1
ADBINIS -1
TPATION I

988.

1977-Q1...I
“Q2-..I
-Q3...I
“ Q9. .. |

10380.
12272.
13650.
13838.

|
|
|
|

9629.
5297.
5589.
5677.

866.
999.
1103.
1018.

2631.
2787.
2891.
2992.

826.
1136.
1299.
1919.

306.
325.
296.
298.

1978-Q1...|
-Q2...I
-Q3...|
“ Q9 . .. I

13620.
12993.
13160.
13820.

|
|
|
|

5791.
5773.
6059.
6198.

925.
397.
811.
737.

2903.
2990.
3065.
3202.

1568.
1575.
1693.
1659.

399.
911.
535.
550.

1979-Q1...|
-Q2...I
-Q3...I
-Q9...|

19931.
17929.
17089.
17755.

|
|
|
|

7196.
8189.
8789.
9230.

602.
939.
277.
87.

3617.
9130.
9992.
5057.

1729.
1770.
1797.
1687.

1203.
1899.
2268.
2399.

1980-Q1...|
-Q2...I
-Q3-.-I
-Q9...I

19259.
17052.
19792.
13359.

|
|
|
|

9607.
9936.
8787.
8696.

19.
-192.
-207.
-8.

5752.
6920.
6922.
6307.

1507.
1269.
958.
763.

2333.
1999.
1615.
1585.

7969.
1981-Q1...| 19163. |
7790.
19085. |
-Q2...j
1
1
1
1
1
1976-Q1••• | ******
12.8
10.7
-Q2...I
******
-Q3...I •••**•
12.9
-Q4... |
19.3

-59.
53.

6926.
6599.

613.
277.

989.
811.

391.
935.
555.
679.

172.
166.
290.
395.

112.5Q
******
9.2
******
7.8

17.8
16.5
15.9
15.7

6.1
6.6
8.9
10.0

5.2
9.9
7.1
10.3

19.0
15.3
15.8
15.6

19.2
15.7
17.0
15.2

15.8
16.0
16.1
15.9

12.2
16.3
18. 1
19.2

8.8
9.2
8.1
8.1

1978-Q1...I
-Q2...I
-Q3...I
-09... J
1
1979-Q1...|
-Q2...I
-Q3-- |
-Q9...I

17.5
15.6
15.1
15.5

15.2
19.6
19.8
19.6

13.3
11.5
10.7
9.5

15.0
19.6
19.7
19.9

20.6
19.9
19.9
18.8

9.1
10.7
13.6
13.8

16.9
18.1
17.1
17.3

16.5
18.1
18.7
19.2

7.6
5.9
3.3
1.0

16.3
17.9
18.8
20.5

18.8
18.3
17.3
16. 1

29.3
93.3
50.7
52.9

1980-Ql... |
-Q2... |
-Q3...I
-Q9...I

18.1
15.0
12.6
11.1

19.0
17.7
15.8
15. 1

0.2
-2.2
-2.9
-0. 1

22.3
23.6
22.6
21.2

13.8
11.0
8. 1
6.3

93.9
31.8
29.0
22.9

1981-Q1...I
-Q2. •• I

11.3
10.8

13.2
12.3

-0.6
0.6

20.3
19.6

9.9
2.2

12.9
10.1

112.6Q

i

1106.
1303.
1589.
1955.

-3.
17.
91.
18.

699.
377.
251.
169.

*******
-15.

3239.
3973.
3388.
2998.

1966.
1793.
1798.
1258.

9.
21.
12.
-0.

292.
535.
700.
928.

806.
1253.
2218.
3977.

1753.
1371.
1789.
2976.

899.
563.
885.
1997.

-37.
56.
91.
191.

1815.
2659.
3068.
2859.

3509.
2570.
1278.
759.

2676.
2776.
2759.
2829.

1959.
2376.
2998.
3193.

101.
138.
122.
156.

2130.
2963.
3095.
3195.

929.
987.
-173.
-792.

2385.
1286.
783.
537.

3572.
3507.
2959.
1592.

310.
166.
151.
199.

9019.
3101.
2597.
2573.

-35.
-133.

855.
2102.

1659.
1930.

130.
203.

3380.
9038.

169.
-1928.

659.

-633.
-9 9 9 .

1
1
19.9
1
1 ******
16.0
1
1
16.8
1
19.1
1
21.2
1
21.0
1
1
19.7
1
16.5
1
15.9
1
16.3
1
1
16.3
1
18.1
1
15.6
1
15.6
1
1
17.9
1
12.6
1
9.7
1
7.5
1
1
9.5
1
9.3
1
|

16.2
******
15.3

11.0
12.2
19.8
13.5

-0.9
9.8
11.9
5.3

58.2
21.3
12.9
8.6

-7.5
•••**•
182.8

15.8
15.7
19.8
10.8

13.2
19.5
19.2
10.3

1.2
5.6
3.0
-0.1

12.8
29.9
31.9
99.8

198.7
689.9
1030.6
393.7

7.9
5.9
6.3
9.6

6.7
9.1
6.3
10.8

-10.9
19.2
22.1
38.2

85.3
99.0
106.0
95.2

289.9
179.0
52.5
16.8

10.5
10.3
9.8
10.0

19.6
16.6
16.7
21.1

31.7
30.7
29.9
30.9

59.0
55.9
51.9
53.7

19.6
29.6
-9.7
-19.2

8.5
9.3
2.5
1.7

23.2
21.0
19.1
8.8

79.1
28. 1
29.3
21.7

66.2
37.3
28.7
28.6

-11.2
-8.9
-1.0
-3.0

2.8
6.8

8.8
9.6

17.9
26.9

33.5
35.9

3.9
-92.9

PERCENTAGE OP TOTAL SPECIFIED DEBT

i
1975-Q9...| •••**•

100.0

19.3

99.6

20.8

10.3

1976-Q1... |
-Q2...I ******
-Q3...I ******
-Q9...I ******

100.0
100.0
100.0
100.0

18.5
18.5
18.9
18.5

50.5
50.8
51.0
51.0

20.5
20.9
20.3
20.9

10.5
10.3
10.3
10.2

1977-Q1...J
-02.-. |
-03...1
-Q9-..I

******
******
******
******

100.0
100.0
100.0
100.0

18.5
18.6
18.6
18.9

51.3
51.1
51.1
51.1

20.2
20.5
20.7
21.0

10.0
9.8
9.6
9.5

1978-Q1. .. |
-Q2...I
-Q3---I
-Q9...I
I
1979-Q1... |
-02...|
-Q3...I
-Q9...I

******
******
******
******

100.0
100.0
100.0
100.0

18.2
18. 1
17.9
17.6

51.2
51.1
51.0
51.2

21. 1
21.9
21.5
21.8

9.5
9.9
9.5
9.9

******
******
******
******

100.0
100.0
100.0
100.0

16.8
16. 1
15.6
19.9

51.1
51.0
51.0
51.8

21.6
21.9
21.3
21.2

10.5
11.9
12.1
12.1

1980-Q1...I
-Q2...I
-Q3...1
-Q9...I

******
*• • • *•
• *• *• •
******

100.0
100.0
100.0
100.0

19.2
13.9
13.2
12.9

52.5
53.6
59.0
59.6

20.6
20.2
19.8
19.6

12.7
12.8
13.0
12.9

198 1-Q1...I * * * * * *
-02...I * * * * * *

100.0
100.0

12.9
12.0

55.8
57.0

19.1
18.9

12.7
12.5




*******
3095.
*******
3077.

PERCENTAGE CHARGE FBON PBETIOUS TEAR

15.9
17.3
18.6
18.9

____________ 1

1
1 *******
9777.
1
1 *******
5368.
1
1
5752.
1
7025.
1
8066.
1
8161.
1
1
7880.
1
7219.
1
7106.
1
7672.
1
1
7785.
1
9290.
1
8300.
1
8525.
1
1
9652.
1
7616.
1
5959.
1
9713.
1
1
6199.
1
6395.
1
_1 _

1977-Q1...J
-Q2...I
-Q3-..I
-Q9...1

.

TOTAL

CHANGE FROM PREVIOUS IEAR , BILLIONS OF DOLLARS

2521.
2965.
2969.
2510.

*******

NON-REAL-ESTATE DEBT
INSURED PRODUCTION
FPDFEAL FARMERS COMMODITY
CFEDIT
COMMERCIAL CREDIT
INTER MEDI­ HOME
BARKS
ASSOCIA­ ATE CREDIT ADMINIS­ CORPOR­
TIONS
BANKS
TRATION
ATION

1
1
1
1
1
I
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

1
1
1
1
1
1
1
1

_JL.

100.0

60.1

32. 1

1.0

5.7

1.1

100.0
100.0
100.0
100.0

59.8
60. 1
60.2
59.7

32.5
32.6
32.9
31.9

1.0
1.0
1.0
1.0

5 .5

5.8
5.8
5.3

1.2
0.5
0.6
2.6

100.0
100.0
100.0
100.0

59.3
58.9
57.0
59.7

31.5
31.3
30.5
28.6

0.9
0.9
0.9
0.8

5.3
6.1
6.3
6 .9

3.0
3.3
5.3
9.5

100.0
100.0
100.0
100.0

53.2
52.8
52.7
51.5

28.1
28.0
28.1
27.2

0.7
0.9
0.9
0.9

8.2
10.5
11.2
10.7

9.9
7.8
7.0
9.6

100.0
100.0
100.0
100.0

50.5
99.3
50.1
99.0

27.7
27.7
28.9
28.5

0.8
1.0
1.0
1. 1

10.9
13.8
19.7
19.2

10.1
8.3
5.8
7. 1

100.0
100.0
100.0
100.0

96.7
95.7
96.9
96.9

29.0
29.7
29.5
28.9

1.1
1. 1
1.1
1.2

15.5
16.8
17.3
17.0

7.7
6.7
5.2
6.9

100.0
100.0

93.9
99.6

28.8
29.8

1.2
1.3

18.9
20.8

7.2
3.5




AGRICULTURAL PIRANCB DATABOOK— QUARTERLY SERIES

200

JOLT 1981

PARH LEIDIIG OPERATIONS AID EXPERIENCE OP IONBANK INSTITUTIONS

210

PROOOCTION CREDIT ASSOCIATIONS (A6RICOLTORAL LOANS, EXCEPT AS NOTED)

211

LOANS OUTSTANDING

211. 1Q
211.2Q
212

LOANS BADE AND NEN LOANS

212. 1Q
212.2Q
212.3Q
213

ACTUAL.......................................... - ............. 11
SEASONALLI ADJUSTED ANNUAL RATE....... -...... .................12
POUR-QUARTER BOfXNG TOTAL.............................. ........13

1EBBBALS AND COLLECTIONS (SEE BOTE BELON)

213. 1Q
213. 2Q
213. 3Q

220

ACTUAL...... ....... ........— ...... - ........ .................9
SEASONALLY ADJUSTED................................ . ........ ..10

ACTUAL.......... ...............................................14
SEASONALLY ADJUSTED ANNUAL RATE.................. ..............15
POUR-QUARTER BOYING TOTAL...................................... 16

PEDERAL LAND BANKS (AGRICULTURAL LOANS)

221

LOANS OUTSTANDING

221. IQ
221.2Q
222

ACTUAL...................... ................................... 17
SEASONALLY ADJUSTED...... ..............................- ...... 18

LOANS CLOSED

222. 1Q ACTUAL...... ..............................
222. 2Q SEASONALLY ADJUSTED ANNUAL RATE.............
222. 3Q POUR-QUARTER NOTING TOTAL... ........................
223

19
20
21

LOANS CLOSED AND NEN BONEY LOANED

223. 1Q ACTUAL......... ................................................22
223. 2Q SEASONALLY ADJUSTED ANNUAL RATE... ....................- ..... 23
223. 3Q POUR-QUARTER BOYING TOTAL........ ..............................24
224

REPINANCIN6 AND REPAYBENTS

224.1Q
224.2Q
224. 3Q

230

ACTUAL.......... ..........................................
25
SEASONALLY ADJUSTED ANNUAL RATE................. ................26
POUR-QUARTER BOYING TOTAL...........
...27

LIPS INSURANCE COflPABIBS

231

PARR IORTGAGSS OUTSTANDING AND ACQUIRED

231.1Q
231.2Q
231.3Q
232

ACTUAL.......... ...................................28
SEASONALLY ADJUSTED.............. . — ................ ..........29
POUR-QUARTER BOYING TOTAL (BORTGAGES ACQUIRED ONLY)............ 30

PARS BORTGAGE COBHITRENTS— OUTSTANDING AND NEN

232. 1Q
232. 2Q
232.3Q

SOURCES:

ACTUAL................. ...................................... ..31
SEASONALLY ADJUSTED................. ...........................32
POUR-QUARTER BOYING TOTAL (NEN COBBITBENTS ONLY) ................33

"PRODUCTION CREDIT ASSOCIATIONS— SELECTED BONTBLY LOAN DATA,"
SUPERVISORY DIVISION, PARB CREDIT ADBINISTRATIOH;
"PEDERAL LAND BANKS— SUflBARY OP SELECTED BONTBLY LOAN DATA,"
TBCBNICAL SERVICES DIVISION, PARB CREDIT ADBIBISYRATXOR;
"DISTRIBUTION OP INYESTBBNTS OP U.S. LIPS INSURANCE COBPANIBS,"
AND "PORNARD INYXSTBENT COBBITBENTS OP REPORTING LIPS INSURANCE
COBPANIBS," AMERICAN COUNCIL OP LIPS INSURANCE.

DATA IN TBIS SECTION ARB OBTAINED PROB TIBBLY BONTBLY REPORTS, BOST OP NBICB
ARE NOT REVISED TO REPLBCT LATER CBARGES OR CORRECTIONS. IP ONLY YEAR-END
DATA ON OUTSTANDING LOAN YOLUBB ABE REQUIRED, USB TBB SERIES IN SECTION 100
OP TBB
POE PRODUCTION CREDIT ASSOCIATIONS, DATA ON LOANS OUTSTANDING AND LOANS BADE
DO NOT INCLUDE BUBAL BOBS LOANS, PARB-BELATBD BUSINESS LOANS, OR AQUATIC
LOANS. DATA ON COLLECTIONS AND RBNBIALS DO INCLUDE TBBSB LOANS; BOBBVBR,
TBESE TYPES OP LOANS REPRESENTED ONLY 2.6 PERCENT OP TOTAL OUTSTABDING LOANS
AT PRODUCTION CREDIT ASSOCIATIONS AS OP DBCBRBBB 1980.

9
TABLE 211.IQ
PRODUCTION CREDIT ASSOCIATION
LOANS OUTSTANDING
AHOONT
1
1.
|
BILLIONS OF DOLLARS
|
CHANGE FROH PRETIOOS
1 END OF
1 QOARTER
YEAR
_ QOARTER
i.
1
1961-Q1.... |
1622.
132.
137.
1814.
-Q2.... |
192.
144.
-Q3.... |
1806.
-7.
163.
1652.
-Q4.... 1
-155.
161.

END OF
QOARTER

N0HB5R OF BORROWERS
PERCENTAGE CHANGE
FROM PREflOOS

AVERAGE SIZE

PERCENTAGE CHANGE
FROH PREVIOUS
THOUSANDS

QOARTER

YEAR

DOLLARS
QUARTER

YEAR

PERCENTAGE
CHANGE
FROH
PREVIOUS
YEAH

8.8
11.8
-0.4
-8.6

9.2
8.6
9.9
10.8

280.4
296.1
285.7
261-3

10.3
5.6
-3.5
-8.5

2.6
1.5
2.3
2.8

5783.
6126.
63236321-

6.4
7.1
7.4
7.8

1962-Q1.... |
-Q2.... |
-Q3.... I
-Q4.... I

1773.
1994.
1982.
1855.

121.
222.
-13.
-127.

151.
181.
175.
203.

7.3
12.5
-0.6
-6.4

9.3
10.0
9.7
12.3

281.7
298,7
288-8
269.0

7.8
6.0
-3.3
-6.9

0.5
0.9
1.1
2.9

6292.
6677.
6861.
6897.

8.8
9.0
8.5
9.1

1963-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... 1

20312300.
2298.
2123.

176.
270.
-2.
-175.

258.
306.
316.
268.

9.5
13.3
-0.1
-7.6

14.5
15.3
16.0
14.5

290,8
308,0
300.8
281.5

8. 1
5-9
-2.3
-6.4

3.2
3.1
4,2
4.7

6984.
74697640.
7542-

11.0
11.9
11.3
9-4

1964-Q1.... |
-Q2.... |
-Q3.... |
-Q4---- |

2278.
25332514.
2296-

154.
255.
-19.
-217,.

247.
232.
215.
173-

7.3
11-2
-0.8
-8,6

12.2
10. 1
9.4
8. 1

299-3
313.6
308.1
288.2

6.3
4-8
-1.8
-6.4

3-0
1,8
2.4
2.4

7609.
8077.
8159.
7966.

8.9
8.1
6.8
5.6

1965-Q1---- |
-Q2.... 1
-Q3.... |
-Q4.... I

2446.
2743.
2753.
2598.

150.
297.
10.
-154.

169.
210.
239.
302.

6-5
12.1
0.3
-5.6

7.4
8.3
9.5
13.2

301-7
315.8
310.2
293.8

4,7
4.6
-1.8
-5.3

0.8
0.7
0,7
1.9

8107,
8687.
8875.
8844.

6.6
7.6
8.8
11,0

1966-Q1.... |
-Q2.... |
-Q3.... |
-Q4*.... 1

2806.
3146.
3139.
3042.

207.
341.
-8.
-97.

359.
403.
386.
444.

8.0
12-1
-0.2
-3. 1

14.7
14.7
14.0
17.1

305.9
319-5
315-3
299.4

4. 1
4.4
-1.3
-5.0

1.4
1,2
1,6
1-9

9170.
9847.
9956,
10161,

13,1
13.4
12.2
14.9

1967-Q1.... |
-Q2.... I
-Q3.... |
-Q4.... I

3292.
3652.
3608.
3551.

250.
359.
-44.
-57.

487.
505.
469.
509.

8.2
10.9
-1.2
-1.6

17.3
16.1
14.9
16.7

310-6
322.8
319.3
306,5

3.7
3.9
-1.1
-4.0

1-5
1-0
1-3
2.4

10600,
1131311300.
11587,

15-6
14,9
13.5
14.0

1968-Q1.... |
-Q2,.... j
-Q3.... |
-Q4.... |
1
1969-Q1.....|
-Q2.... |
-Q3.... |
-Q4.... I

3777.
4097.
3983.
3861-

226.
320.
-114.
-122.

485.
445.
375.
310.

6.4
8.5
-2.8
-3-1

14.7
12.2
10.4
8.7

315.3
323.6
318.0
303.9

2.9
2-6
-1.7
-4.4

1.5
0.3
-0.4
-0,8

1198012660.
12525.
12704.

13.1)
11-9
10.8
9.6

4147.
4569.
4510.
4533.

286.
422.
-59.
23.

370.
472527.
672.

7.4
10.2
-1,3
0.5

9.8
11.5
13-2
17.4

312.0
320.1
313,3
301.2

2.6
2-6
-2.1
-3.9

-1,1
-1.1
-1.5
-0.9

13293,
14275,
14396.
15050.

11.0
12.8
14.9
18,5

1970-Q1.... |
-Q2.--- 1
-Q3.... |
-Q4---- 1

4910.
5359.
5257.
5334.

377.
449.
-101.
77.

763.
790.
747.
801.

8.3
9. 1
-1.9
1.5

18-4
17.3
16.6
17.7

308.1
314.1
309.3
298.2

2.3
1.9
-1.5
-3.6

-1.2
-1.9
-1.3
-1.0

15935.
17062.
1700017891-

19.9
19.5
18.1
18.9

1971-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... 1

5759.
6273.
6191.
6116.

425.
514.
-83-75.

849914.
933.
781.

8.0
8.9
-1.3
-1.2

17.3
17.1
17.7
14.6

307.4
316.1
313.6
303.8

3.1
2.8
-0,8
-3.1

-0.2
0,7
1.4
1.9

18734.
1984319737.
20128.

17.6
16.3
16. 1
12.5

1972-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... |

6433.
6832.
6634.
6635.

318.
399.
-198.
1.

674.
559.
444.
519.

5.2
6.2
-2.9
0.0

11.7
8.9
7.2
8.5

311-9
319,9
316-3
308.7

2.6
2.6
-1.1
-2-4

1.5
1.2
0.8
1,6

20628.
21359.
20977.
21496.

10.1
7.6
6.3
6.8

1973-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... I

6964.
7498.
7683.
7853.

329.
534.
185.
171.

530.
666.
1048.
1218.

5. 0
7-7
2.5
2.2

8.2
9.7
15.8
18.4

314.7
321.2
319.9
311.9

2.0
2-1
-0.4
-2.5

0-9
0,4
1.2
1,0

22127.
23340.
24014.
25180,

7,3
9.3
14.5
17.1

1974-Q1.... |
-Q2---- |
-Q3.... |

8206.
9091.
94329502.

352.
885.
341.
70.

12421593.
1749.
1649-

4.5
10.8
3.8
0.7

17.8
21.2
22.8
21.0

318-9
329.3
330.6
323.8

2-3
3.3
0,4
-2.0

1,3
2.5
3.3
3.8

25731.
27605.
2853129344.

16.3
18.3
18-8
16.5

10011.
10703.
10737.
10742.

509.
692.
34.
4.

1805.
1612.
1305.
1240.

5.4
6.9
0.3
0.0

22.0
17.7
13.8
13.0

333.6
338. 5
336.6
328.7

3-0
1-5
-0.6
-2.3

4.6
2.8
1.8
1.5

3001031618.
31902.
32682-

16.6
14.5
11.8
11-4

11117.
12006.
12321.
12196.

376.
888.
316.
-125.

1106.
1303.
1584.
1455.

3.5
8.0
2.6
-1.0

11.0
12.2
14.8
13.5

334.3
342.0
341.9
335.6

1.7
2.3
-0.0
-1.8

0.2
1 .0
1.6
2.1

33250.
35106.
36036.
36338.

10.8
11.0
13.0
11-2

12583.
13749.
14069.
13454.

387.
1166.
320.
-615.

1466.
1743.
1748.
1258.

3.2
9.3
2.3
-4.4

13.2
14.5
14.2
10.3

341.7
350.4
350.6
342.8

1.8
2.6
0.0
-2.2

2-2
2.5
2,5
2.1

36828.
39233.
40130.
39253.

10.8
11.8
11-4
8.0

13427.
14312.
1495514901.

-27.
885.
643.
-53.

844.
563.
8851447.

-0.2
6.6
4.5
-0. 4

6.7
4. 1
6-3
10.8

343.7
349.3
350-8
353-4

0.3
1-6
0.4
0.7

0.6
-0,3
0.1
3.1

39067.
40971,
42625.
42162.

6.1
4.4
6.2
7.4

15381.
16688.
17452.
18045.

480.
1307.
764.
592.

1954.
2376.
2498.
3143.

3.2
8.5
4.6
3.4

14.6
16.6
16.7
21.1

350.0
358.5
360.0
358.0

-1.0
2.4
0.4
-0.5

1,8
2.6
2.6
1.3

43945,.
46544.
48482.
50399.

12,5
13.6
13.7
19.5

18953.
20195.
19911.
19636.

908.
1242.
-284.
-275.

3572.
3507.
2459.
1592.

5.0
6.6
-1,4
-1-4

23.2
21.0
14. 1
8-8

365. 1
373.6
370.3
364.8

2.0
2.3
-0.9
-1.5

4.3
4.2
2-9
1,9

51905.
5404953766.
53822,

18-1
16. 1
10.9
6.8

20612.
22126.

9761513.

1659.
1930.

5.0
7.3

8.8
9.6

373.8
382,8

2.5
2.4

2,4
2,4

55144.
57800.

6-2
6-9

- a 4* .............. i

1975-Q1.... |
-Q2.... |
-Q3---- |
-Q4.... 1
1
1976-Q1____ |
-Q2.... |
~Q3.... |
-Q4.... I
I
1977-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... 1
1
1978-Q1___ , |
-Q2.... |
-Q3.... J
-Q4.... 1
1

1979-Q1---- |
-Q2.... |
-Q3.... |
-Q4.... |
I
1980-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... I
I
1981-Q1.... |
-Q2.... |
____________ l




10

IftALB 211.2Q

PRODUCTION CREDIT ASSOCIATIONS
LOAMS OUTSTANDING
SEASONALLY-ADJUSTED DATA

1961-Q1___
-Q2---Q3---Q4---

AMOUNT
1
I
|
MILLIONS OF DOLLARS
1
| CHANGE FROM PREVIOUS
1
1
| END O F |
| QUARTER |I QUARTER
TEAR
__ LSAAR]____
___
_J__________ 11
I
1659.
211.
139.
.|
1692.
136.
135.
.|
1743.
212.
159.|
1778.
145.
169.

1962-Q1___
-Q2--~Q3---Q4---

.|
.|
.|
.|

1814.
1863.
1917.
1992-

148.
204.
227.
318.

155.
171.
174.
214.

1963-Q1--- .|
-Q2--- |
-Q3--- .|
-Q4--- .I

2076.
2152.
2231.
2272.

356.
324.
333.
168.

262.
289.
314.
280.

1964-Q1___ .|
-Q2--- .|
-Q3---Q4--- .|

2325.
2375.
2451.
2447.

220.
205.
319.
-15.

249.
222.
220.
175.

1965-Q1___
-Q2---Q3---Q4---

.|
.|
.|
.|

2493.
2578.
2698.
2758.

188.
361.
512251.

168.
204.
247.
311.

1966-Q1---Q2---Q3---Q4---

.|
.|
.|
.|

2851.
2966.
3094.
3216.

391.
487.
546.
517.

359.
387.
396.
457.

1967-Q1___
-Q2---Q3---Q4---

.|
.|
.|
.|

3335.
3452.
3576.
3737.

503.
497.
520.
689.

483.
487.
482.
521.

1968-Q1--"Q2---Q3---Q4---

.|
.|
.i
.|

3812.
3885.
3966.
4043.

312.
300.
334.
318.

478.
433.
391.
307.

1969-Q1___
-Q2---Q3---Q4---

.j
.1
.1
.|

4171.
4346.
4504.
4724.

537.
741.
670.
944.

359.
460.
538.
680.

1970-Q1___
-Q2---Q3---Q4---

.|
-|
.|
-I

4927.
5111.
5253.
5529.

869.
779.
593.
1193.

756.
766.
749.
806.

1971-Q1___ .|
-Q2--- .|
-Q3--- .|
-Q4---

57756002.
6175.
6307.

1049.
966.
723.
542.

847.
891.
922.
777.

1972-Q1___
-Q2---Q3---Q4---

.|
.|
,|
.|

6455.
65586597.
6810.

616.
423.
155.
897.

681.
556.
421.
504.

1973-Q1___ .|
-Q2--- -|
-Q3--- .|
-Q4-----|

7003.
7222.
7609.
8031-

804.
919.
1676.
1832.

548.
664.
10121220.

1974-Q1___
-Q2---Q3---Q4---

.|
.I
.|
.|

8279.
8786.
9302.
9690.

1039.
2226.
2251.
1651.

1276.
1564.
1693.
1659-

1975-Q1___
-Q2---Q3---Q4---

10137.
10377.
10549.
10935.

1916.
996.
706.
1630.

1858.
1591.
1247.
1245.

1976-Q1___
-Q2---Q3---Q4---

.|
.|
.|
.|
I
.|
.|
.|
.|

11290.
11670.
12074,.
12402.

14891599.
1703.
1365.

1153.
1293.
1525.
1467.

1977-Q1___
-Q2---Q3---Q4---

.|
,|
.|
.|

12802.
13388.
13771.
13672.

1682.
2507.
1599.
-392.

1513.
17181697.
1270.

1978-Q1___
-Q2---Q3---Q4---

.|
.|
,|
.|

13669.
13951.
14624.
15115.

-9.
1163.
2893.
2063.

867.
564.
853.
1443-

1979-Q1___ .|
-Q2--- .|
-Q3--- -|
-Q4---

15674.
16280.
17066.
18289.

2363.
2569.
3377.
5444.

2004.
23292441.
3174.

1980-Q1___
-Q2---Q3---Q4---

19314.
19708.
19477.
19901.

4458.
1623.
-906.
1753.

3640.
3427.
2411.
1612.

1981-Q1___ . i 21005.
-Q2--- .| 21594.
1___

4 796.
2458.

16911887.

EHD OF
QUARTER




.|
.|
.|
.|

NUMBER OF BORBOHERS
1
1
|
1 PERCENTAGE CHANGE
|
FROM PREVIOUS
1
1 THOUSANDS 1
1
1
QUARTER
YEAR
|
YEAR
1 QUARTER
-JSAAR}____________ 1_________ 1_ (SAAR)____________
I
13.1
9.2
279.9
11.9
2.6
I
8.2
8.7
280.6
1. 1
1.7
I
12.6
10.0
282.0
2.0
2.3
I
8.3
10.5
278.7
2.4
-4.5
I
I
8.3
9.3
281.4
0.5
3.8
l
11.3
10. 1
284.1
3.9
1-2
I
12.2
10.0
285.1
1.4
1.1
I
16.6
12.0
285.9
1.1
2.6
I
I
14.4
290.5
6.6
3-2
17.9
I
15.5
15.6
5.2
3.5
294.2
I
15.5
16.4
3.7
4.1
296.9
l
7-5
4.1
14.0
297.8
1-2
l
1
3.0
9-7
299.4
12.0
2.2
1
2.0
2-3
8.8
10.3
300.8
1
13.4
2.4
4.3
9.8
304.0
1
7.7
-1.1
1.8
-0.6
303.2
1
1
-1.4
7.7
7.2
302.1
0.9
1
14.5
8.6
304.2
2.8
1.1
1
0.7
10.1
306.2
2.6
19.9
1
307.4
12.7
1.6
1.4
9-3
1
1
14.4
306.6
-1.1
1.5
14.2
1
17. 1
15.0
309,. 1
3.3
1.6
1
18.4
311-6
3.3
14.7
1-7
1
311.7
1.4
16.7
16.6
0.2
1
1
15.7
17.0
-0.5
1.6
311.3
1
16.4
313.3
2.5
1.4
14.9
1
3.4
1-4
15.1
15.6
315.9
1
317.7
2-3
19.3
16.2
1.9
1
1
8.4
14.3
316.1
-2.0
1.5
1
-1.4
7.9
12.5
0.6
315.0
1
315.0
10.9
0.1
-0.3
8.6
1
314.0
8.0
8.2
-1.3
-1.2
1
1
9.4
13.3
312.7
-1.7
-1.1
1
17.8
11-8
312.3
-0.5
-0.9
1
15-4
310.7
-1.4
13.6
-2-0
1
21.0
16.8
310.3
-0.5
-1.2
1
1
1
18.4
18.1
308.7
-2.0
-1.3
1
17.6
-2.2
-1,7
15.8
307.0
1
306.8
-0.2
11.6
16.6
-1.2
1
17.1
306.3
-0.7
-1.3
22.7
1
i
-0-3
307.9
19.0
2.0
17.2
1
17-4
309-5
16.7
2.1
0.8
1
311.2
1.4
12.0
17.5
2.2
1
14- 1
1.6
8.8
311.3
0.2
1
1
9.8
312.3
1.4
11.8
1.2
1
313.6
6.6
1.7
9.3
1.3
1
2.4
6.8
313.7
0.1
0-8
1
2.4
13.6
315.5
1.4
8.0
1
1
11.8
8-5
315.1
-0.5
0-9
1
13. 1
10.1
315.4
0.4
0.6
1
23.2
15.3
317.3
2.4
1.1
1
24. 1
318.1
1. 1
17.9
0.8
1
1
319.4
1.4
1.6
12.9
18.2
1
21-7
5.7
2.7
26.9
323.9
1
25.6
22.3
327.8
4.9
3.3
1
20.7
17.7
329.7
2.3
3.6
1
1
19.8
22.4
334.3
5.7
4.7
1
9-8
333.4
18.1
-1.0
3-0
1
6.8
0.4
13.4
333.8
1.8
1
15.5
334.0
0.3
12.9
1.3
1
1
11.4
13.6
335.3
1.6
0-3
1
14.2
12-5
337.3
2-4
1.2
1
14.6
14.5
339.1
2.2
1.6
1
13.4
11.3
340.5
1.7
2.0
1
1
13-6
13.4
342.9
2.9
2.3
1
14.7
19.6
346.0
3.6
2.6
1
14. 1
11.9
347.9
2.2
2.6
1
347.4
-2.8
10.2
-0.6
2.0
1
1
-2.6
-0. 1
345.1
6.8
0.6
1
8.5
4.2
345.0
-0.0
-0.3
1
348.0
20.7
6.2
3.5
0.0
1
14. 1
10.6
357.5
11.3
2.9
1
1
15.6
14.7
351.8
-6-2
1-9
1
16.4
16.7
354.3
2.9
2-7
1
20.7
16.7
357. 1
3.3
2.6
1
31.9
21.0
361.9
5.5
1.2
1
1
24.4
367.1
5.8
23-2
4.4
1
8.4
2.4
21-1
369.3
4-2
1
-4.6
14.1
367.5
-1.9
2-9
1
9.0
8.8
368-9
1.5
1.9
1
1
24.1
8.8
375.8
7.8
2.4
1
11.7
9.6
378.3
2.7
2.5
1
1
PERCENTAGE CHANGE
FROM PREVIOUS

AVERAGE SIZE
|
1
PERCENTAGE
|
|
CHANGE
FROM
1 DOLLARS
PREVIOUS
1
YEAR
|
1
I
6.4
5928.
I
6029.
6.9
l
7.6
6180.
I
7.9
6379.
I
I
6447.
8.8
I
65578.8
I
6724.
8.8
I
69679.2
I
i
7145.
10.8
I
7316.
11.6
I
751511.8
I
7630.
9.5
I
I
77678.7
I
7893.
7.9
I
8061.
7.3
I
8071.
5.8
I
I
8250.
6.2
I
8475.
7.4
I
8810.
9.3
I
8972.
11.2
I
1
9300.
12.7
1
9596.
13.2
1
993012.7
1
10316.
15.0
1
1
10710.
15.2
1
11020.
14.8
1
11319.
14.0
1
1176014.0
1
1
12061.
12.6
1
12334.
11.9
1
1258911.2
1
12876.
9-5
1
1
10.6
133421
13916.
12.8
1
14499.
15.2
1
15223.
18.2
1
1
19.6
159621
1665119-7
1
17123.
18.1
J
18051.
18-6
1
1
1875717-5
1
19395.
16.5
J
19846.
15.9
1
2025812.2
1
1
20672.
10.2
1
20913.
7-8
1
210296.0
1
21584.
6.5
i
1
222237.5
1
22896.
9-5
1
23981.
14.0
1
25242.
16.9
1
1
2591916.6
1
27129.
18.5
1
28377.
18.3
1
29392.
16.4
1
1
30322.
17.0
1
31123.
14.7
1
31608.
11.4
1
32742.
11-4
1
i
33669.
11.0
1
34599.
11.2
1
3560712-7
1
36422.
11.2
1
1
37334.
10.9
1
38698.
11.8
1
39587.
11.2
i
39357-.
a. 1
1
1
39614.
6.1
1
404344-5
1
42021.
6-1
1
42279.
7.4
1
1
44555.
12.5
1
4595113.6
1
47785.
13,-7
1
50534.
19.5
1
1
52614.
18-1
1
53369.
16.1
1
52994.
10.9
1
539536.8
1
1
55892.
6.2
1
57078.
6.9
1
1

11

TABLE 212.1Q
PRODUCTION CREDIT ASSOCIATIONS
LOANS HADE AND NEW LOANS

I

LOANS HADE

QUARTER

| MILLIONS | PERCENTAGE CHANGE
I
OF
|
FROM PREVIOUS
1 DOLLARS |
1
I _QUARTER
TEAR
1
1961-Q1.... |
799.
6.0
13.6
-Q2---- j
678.
-15.2
5.8
562.
-17.0
10.3
-Q3.... |
830.
-Q4.... 1
47.6
10. 1

NEH LOANS
|
AS PERCENTAGE OF | MILLIONS |
OF
|
|____________________ |
| LOANS OUT- COLLEC­
DOLLARS |
1 STANDING*
TIONS
I

PERCENTAGE CHANGE
FROM PREVIOUS

|
AS PERCENTAGE Of'
J
1 LOANS OUT- COLLEC­
1 STANDING*
TIONS

QUARTER

YEAR

54.
42.
31.
46.

203.
210.
125.
113.

526.
515.
441.
580.

1.1
-2.0
-14.3
31.5

12.8
£.4
9.3
11.6

35.
32.
24.
32.

134,
16098.
79.

1962-Q1____ |
-Q2.... 1
-Q3.... |
-Q4.... I

866.
763.
631.
957.

4.3
-11.8
-17.3
51.6

8.3
12.6
12.3
15.3

52.
43.
32.
48.

198.
217.
124.
119.

559.
574.
4 98,
681.

-3.6
2.6
-13.3
36.8

6..4
11.5
12.8
17.3

34.
32.
25.
34.

128.
163.
98.
84.

1963-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... 1

968.
866.
697.
1020.

1.2
-10.6
-19.5
46.5

11.8
13.4
10.3
6.6

52.
43.
30.
44.

213.
228.
127.
118.

629.
650.
547.
691.

-7.5
3.3
-15.9
26.4

12.5
13-3
9-9
1.6

34.
32.
24.
30.

139.
171.
100.
80.

1964-Q1.... |
-Q2.... j
-Q3.... J
-Q4.... I

1062.
892.
699.
1053.

4.1
-16.1
-21.6
50.7

9.7
3.0
0.3
3.2

50.
39,
28.
42.

207.
222.
126.
117.

669.
658.
536.
687.

-3.3
-1.6
-18.6
28.3

6.2
1.2
-2.1
-0.6

31.
2921.
27.

130,
164.
97.
76.

1965-Q1.... |
-Q2.... 1
-Q3.... |
-Q4.... 1

1114.
986.
796.
1240.

5.8
-11.5
-19.2
55.8

4.8
10.5
14.0
17.8

48.
40.
29.
45.

209.
224.
129,
125.

683.
737.
626.
842.

-0.6
7.9
-15.1
34.4

2.2
12.1
16.9
22-5

30,
30.
23.
31.

128.
168.
102.
85,

1966-Q1.... |
-Q2.... |
-Q3.... J
-Q4.... 1

1347.
1144.
957.
1366.

8.6
-15. 1
-16.3
42.8

21.0
16.0
20.2
10.1

52.
41.
30.
44.

206.
214.
125,
135.

862.
875.
762.
920.

2.4
1.4
-12.9
20.7

26.2
18.6
21.7
9.2

33.
3124.
29.

132.
164.
9991.

1967-Q1.... |
-Q2.... |
-Q3---- |
-Q4---- I

1519.
1288.
1048.
1573.

11.2
-15.2
-18.6
50.0

12.7
12-6
9.6
15.1

50.
39.
29,
44.

222.
218.
123,
140.

935.
953.
811.
1067.

1.6
2.0
-14.9
31-5

8.4
9-0
6.5
16.0

31.
29.
22.
30,

137.
161.
95.
95,

1968-Q1.... |
-Q2.... I
-Q3.... |
-Q4.... |

1723-.
1408.
1167.
1755.

9.6
-18.3
-17. 1
50.4

13.5
9.3
11.3
11.6

49.
37.
28.
44.

216.
215.
119.
137.

1011.
976.
871.
1162.

-5.3
-3.4
-10.7
33.4

8.1
2.4
7-4
8.9

28.
26.
21.
29.

127.
149.
89.
91.

1969-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... 1

1924.
1683.
1365.
2105.

9.6
-12.5
-18.9
54.2

11.7
19.5
17.0
20.0

50.
41.
30.
47.

226,
214.
123.
151.

1138.
1212.
1050.
1423.

-2.1
6.5
-13.4
35,5

12.6
24.2
20.5
22.5

29.
29.
23.
32.

134.
154.
95.
102.

1970-Q1.... |
-Q2.... |
-Q3.--- |
-Q4.... |

2354.
1918.
1610.
2395.

11.8
-18.5
-16.0
48.7

22.4
13.9
18.0
13.7

52.
39.
30.
46.

229.
206.
123.
156.

1410.
1371.
1211.
1616.

-0.9
-2.8
-11.7
33.4

23.9
13.1
15.4
13.6

31.
28.
23.
31.

137.
147.
93.
105.

1971-Q1.... |
-Q2.... |
-Q3---- |
-Q4.... |

2694.
2224.
1845.
2658..

12. 5
-17.5
-17.0
44.0

14.5
16.0
14.6
11.0

51.
39.
29.
43.

235.
215.
128.
145.

1580.
1554.
1363.
1773.

-2.3
-1.6
-12.3
30.1

12.0
13.3
12.5
9.7

30.
27.
22,
29.

138.
150.
95.
97.

1972-Q1.... |
-Q2.... |
-Q3....-I
-Q4.... |
1
1973-Q1.... |
-Q2---- 1
-Q3.... 1
-Q4.... |
I
1974-Q1.... J
-Q2.... |
-Q3.... I
-Q4.... |

3032.
2486.
2022.
2899.

14.1
-18.0
-18.7
43.4

12.5
11.8
9.6
9.1

50.
39.
30.
44.

211191.
118.
147.

17631710.
1515.
1989.

-0.6
-3.0
-11.4
31.3

11.6
10.0
11.2
12.2

29.
27.
22.
30.

123.
131.
89.
101,

3575.
2924.
2756.
3774.

23.3
-18.2
-5.8
37.0

17.9
17.6
36.3
30.2

54.
42.
37.
49.

193.
186.
142.
149.

2186.
2109.
2126.
2702.

9.9
-3.5
0.8
27.1

24.0
23.4
40.4
35,. 8

33.
30.
28.
35.

118.
134.

4065.
3402.
2965.
3927.

7.7
-16.3
-12.8
32.4

13.7
16.4
7.6
4.1

5241.
33.
42-

185,
213.
157.
152.

2556.
2489.
2266.
2670-

-5.4
-2.6
-9.0
17.8

16.9
18-0
6.6
-1.2

33.
30.
25.
28.

116,
156.
120.
103-

1975-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... |

4450.
3915.
3181.
4452.

13.3
-12.0
-18.7
40.0

9.5
15.1
7.3
13.4

47.
39.
30.
41.

215.
194.
134,
147.

2574.
2728.
2403.
3043.

-3.6
6.0
-11.9
26.6

0.7
9.6
6.0
14.0

27.
27.
22.
. 28.

124.
135.
101.
100.

1976-Q1.... |
-Q2---- J
-Q3.... |
-Q4.... |

5321.
4565.
3524.
4845.

19.5
-14.2
-22.8
37.5

19,6
16.6
10-8
8.8

5041.
29.
39.

196.
191,
148.
142.

3088.
3290.
2704.
3288.

1.5
6.5
-17.8
21-6

20,0
20.6
12.5
8.0

29.
30.
23.
27.

114.
138.
113.
97.

1977-Q1____ |
-Q2.--- |
-Q3.... |
-Q4.... 1
1
19-78-Q1.... |
-Q2.--- |
-Q3.... |
-Q4.... |

6000.
5141.
3858.
5050.

23.8
-14.3
-25.0
30.9

12.8
12.6
9,5
4.2

49.
41.
28.
36.

196.
207,
147.
126.

34393642.
2942.
3397.

4.6
5.9
-19.2
15.5

11.4
10.7
8.8
3.3

28.
29.
2124.

113.
147112.
85.

6380.
5725.
4714.
6379.

26.3
-10.3
-17.7
35.3

6.3
11.4
22.2
26.3

47.
43.
33.
43.

174.
179.
153.
136,

3664,
40683699.
4604.

7.9
11.0
-9.1
24.5

6.5
11.7
25.7
35.6

27.
30,
26.
31.

100.
127.
120.
98.

1979-Q1____ |
-Q2.... |
-Q3.... |
-Q4---- |
1
1980-Q1.... 1
-Q2.... |
-Q3.... |
-Q4.... |
1
1981-Q1.... |
-Q2.... I

7937.
7122.
5752.
8216.

24.4
-10.3
-19.2
42.8

24.4
24.4
22.0
28.8

53,
46.
34.
47.

179.
177.
149148.

4896.
5291.
4578.
6110.

6.3
8-1
-13,5
33.5

33.6
30.1
23,8
32.7

33.
34.
27.
35.

110.
132.
119.
110.

9613.
7996.
6158.
8521.

17.0
-16.8
-23.0
38.4

21.1
12.3
7.1
3-7

53.
42.
30.
43.

187.
182.
124.
132.

6051.
5618.
4635.
6151.

-1.0
-7.1
-17.5
32.7

23.6
6.2
1.2
0.7

34.
30.
23.
31.

118.
128.
93.
95.

10568.
9063.

24.0
-14.2

9.9
13.3

54.
44.

186.
182.

6630.
6472.

7.8
-2.4

9.6
15.2

34.
31-

117.
130.

.

110

107.

1
* LOANS OUTSTANDING AT END OF PRECEDING QUARTER.
"NEH LOANS" ARE COHPUTED AS LOANS MADE LESS RENEHALS.




RENEHALS INCLUDE SOHE NONAGRICULTURAL LOANS (SEE NOTE ON PAGE 8)

12
TABLE 212.2Q
PRODUCTION CREDIT ASSOCIATIONS
LOANS HADE AND NEN LOANS
SEASONALLY-ADJUSTED ANNUAL RATE

1961-Q1___
-Q2---Q3---Q4---

I
I
| MILLIONS |
I
OF
|
| DOLLARS |
I
1
1
.|
2838.
.|
2775.
.|
2925.
.1
2961.

1962-Q1___
-Q2---Q3---Q4---

.|
.|
-|
.|

QUARTER

LOANS HADE
PERCENTAGE CHANGE
FROM PREVIOUS
OUARTER

YEAR

NEN LOANS

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

BILLIONS |
OF
|
DOLLARS |
1

PERCENTAGE CHANGE
FROH PREVIOUS
QUARTER

YEAR

AS PERCENTAGE OF
|
|I
i| LOANS 001- COLLEC­
TIONS
I
1 STANDING*

5.9
-2.2
5.4
1.3

13.2
5.6
10.8
10.5

176.
167.
173.
170.

155.
149.
156.
150.

2057.
2000.
2083.
2112.

8.9
-2.8
4. 1
1-4

12-8
5-5
9.2
11-8

128121123.
121.

113.
107111.
107.

3072.
3122.
3305.
3418.

3.7
1.6
5.9
3.4

8.2
12.5
13.0
15.4

173.
172.
177.
178.

151.
155.
156.
157.

2194.
2220.
2365.
2479.

3.9
1.2
6.5
4.8

6.7
11.0
13-5
17.4

123122.
127.
129.

108.
110.
112.
114.

1963-Q1___ |
-Q2--- .|
-Q3--- |
-Q4--- .|

3415.
3528.
3660.
3628.

-0. 1
3.3
3.7
-0.9

11.2
13.0
10.7
6.1

171.
170.
170.
163.

164.
163.
160.
155.

2451.
2513.
2596.
2521.

-1.1
2-5
3.3
-2.9

11.7
13.2
9.8
1.7

123.
121121.
113.

118.
116113107.

1964-Q1___ |
-Q2--- .|
-Q3--- |
-Q4--- |

3732.
3645.
3678.
3730.

2.8
-2.3
0.9
1.4

9.3
3-3
0.5
2.8

164.
157.
155.
152.

159.
161.
160.
149.

2622.
2531.
2505.
2509.

4.0
-3.5
-1.0
0.1

7.0
0.7
-3.5
-0.5

115.
109.
106102-

112.
112.
109100-

1965-Q1___ |
-Q2--- .1
-Q3--- .|
-Q4--- |

3895.
4040.
4200.
4402.

4.4
3.7
4.0
4.8

4.4
10.8
14.2
18.0

159.
162.
163.
163.

160.
164.
168.
156.

2684.
28582969.
3080.

7-0
6.5
3.9
3.7

2.4
12.9
18-5
22.8

110115115114.

111.
1 lo­
ng.
109.

1966-Q1___
-Q2---Q3---Q4---

|
|
|
|

4676.
4692.
5057,.
4896.

6.2
0.4
7.8
-3.2

20.0
16.1
20.4
11.2

170.
165.
171.
158-

157.
160.
165.
167.

3329.
3404.
36393380.

8.1
2-3
6.9
-7.1

24.0
19.1
22.6
9.7

121119.
123109.

112.
116119.
115-

1967-Q1---Q2---Q3---Q4---

.|
.|
.|
.|

5237.
5320.
5533.
5680.

7.0
1.6
4.0
2.7

12.0
13.4
9.4
16-0

163.
160.
160.
159.

168.
167.
165171.

3627.
3716.
3813.
3922.

7.3
2.4
2-6
2.9

9.0
9-2
4.8
16-0

113.
111.
110110.

117.
117.
114118.

1968-Q1___
-Q2---Q3---Q4---

.|
-|
.|
-|

5904.
5804.
6137.
6377.

3.9
-1.7
5.7
3.9

12.7
9.1
10.9
12.3

158.
152.
158.
161-

163168162.
164-

3954.
3787.
4015.
4 248-

0.8
-4-2
6.0
5.8

9.0
1.9
5-3
8-3

10699.
103.
107-

109HO.
106.
109-

1969-Q1.... .1
-Q2--- .|
-Q3--- .1
-Q4--- .|

6537.
6983.
7154.
7647.

2.5
6.8
2.5
6.9

10-7
20.3
16.6
19.9

162.
167.
165.
170.

172172.
169176.

4 409,.
4773.
4922.
5193.

3.8
8.3
3.1
5.5

11.5
26.0
22-6
22.2

109114113.
115-

116.
118.
116119.

1970-Q1___ .|
-Q2.... .|
-Q3--- .|
-Q4--- .|

7961.
7995.
8411.
8754.

4.1
0.4
5.2
4.1

21.8
14.5
17.6
14.5

169.
162.
165.
167.

175.
170.
164.
17a.

5407.
542556205910.

4.1
0.3
3.6
5.2

22.6
13-6
14.2
13.8

114.
110.
110112.

no­
us.
109120-

1971-Q1___
-Q2---Q3---Q4---

.|
.|
.|
.|

9097.
9275.
9596.
9800.

3.9
2.0
3.5
2. 1

14.3
16.0
14.1
12.0

165161.
160.
159.

182ISO.
169164.

6079.
615462536527.

2.9
1.2
1.6
4.4

12.4
13.4
11.3
10.4

110.
107104106-

122.
12011Q109.

1972-Q1---Q2---Q3---Q4---

.|
.|
.|
.I

10220.
10389.
10453.
10861.

4.3
1.6
0.6
3.9

12.4
12.0
8.9
10.8

162.
161.
1sa­
les.

168.
162.
153.
168-

6796.
6750.
6959.
7380.

4.1
-0.7
3.1
6. 1

11.8
9.7
11.3
13. 1

108105.
106112-

111105.
102.
114-

1973-Q1___
-Q2---Q3---Q4---

12058.
12110.
14195.
14282.

11.0
0.4
17.2
0.6

18.0
16.6
35.8
31.5

177.
173.
197.
188.

1 se­
ise.
180.
171.

8333.
8373.
9849.
10144.

12.9
0.5
17.6
3-0

22.6
24.0
41.5
37-5

122120.
136.
133-

109.
110125.
121.

1974-Q1___
-Q2--— Q3---Q4---

.|
.|
.|
.|
1
.|
.|
.|
.|

1370213874.
15241.
14863.

-4.1
1.3
9.9
-2.5

13-6
14.6
7.4
4.1

171.
168.
173.
160.

156182.
193.
173-

9683.
9748.
10385.
9949.

-4.5
0.7
6.5
-4.2

16.2
16.4
5.4
-1.9

121118.
118107.

1 io ­
ns.
132.
116.

1975-Q1___
-Q2---Q3---Q4---

.|
.|
.|
.|

15038.
15801.
16366.
16900.

1.2
5.1
3-6
3.3

9.8
13.9
7.4
13.7

155.
156.
158.
160-

184.
165160.
168.

10072.
10483.
10911.
11410.

1.2
4.1
4.1
4.6

4.0
7.5
5.1
14.7

104.
103105.
108.

123no.
107.
113.

1976-Q1 ..i..-I
-Q2--- .|
-Q3--- .|
-Q4--- .|

17903.
18240.
18186.
18620.

5.9
1.9
-0.3
2.4

19,-1
15.4
11.1
10.2

164.
162.
156.
154.

169163173.
165.

1204412569.
12376.
12516.

5-6
4.4
-1.5
1.1

19.6
19.9
13.4
9.7

110.
H I106.
104-

113112.
118111.

1977-Q1___
-Q2---Q3---Q4---

.j
.|
.|
.|

20126.
20434.
19972.
19657.

8. 1
1.5
-2.3
-1 .$

12.4
12.0
9.8
5-6

162.
160.
149.
143.

170.
178170.
147.

1345913765.
13447.
13043.

7.5
2.3
-2.3
-3.0

11.7
9-5
8.7
4.2

109.
108.
100.
95.

114.
120.
11598.

1978-Q1___
-Q2---Q3---Q4---

.|
.|
.|
.|

21260.
22729.
24443.
25108.

8.2
6.9
7.5
2.7

5.6
11.2
22.4
27.7

156.
166.
175.
172.

151.
155175161.

1424215500.
17212.
17813.

9.2
8.8
11.1
3-5

5.8
12.6
28.0
36.6

104113.
123122-

101106123114-

1979-Q1___ .|
-Q2--- .|
-Q3------Q4------ .|

26391.
28208.
29791.
32557.

5.1
6.9
5.6
9.3

24.1
24.1
21.9
29.7

175.
180.
183.
191.

156.
153.
169.
175.

18553.
20324.
2144823654.

4.2
9.5
5.5
10.3

30.3
31-1
24.6
32.8

123.
130.
132139.

110.
111122.
127.

.|
-|
.|
.|

32029.
31672.
31860.
33344.

-1.6
-1.1
0.6
4.7

21.4
12.3
6.9
2.4

175.
164.
162.
171.

165.
157140.
154.

22851.
21249.
21045.
23403.

-3.4
-7.0
-1.0
11.2

23.2
4.5
-1.9
-1.1

125HO.
107.
120-

117.
10693108.

1981-Q1___ .|
-Q2------ .|
1

35106.
35831.

5.3
2.1

9-6
13.1

176.
171.

164.
158.

24978.
24673.

6.7
-1.2

9.3
16.1

126.
117.

117.
109.

1980-Q1___
-Q2------Q3---Q4---

* SEASONALLY-ADJUSTED LOANS OUTSTANDING AT END OF PRECEDING QUARTER.
"NEW LOANS" ARE COHPUTED AS LOANS HADE LESS RENEWALS.




RENEWALS INCLUDE SOHE NONAGRICULTURAL LOANS (SEE NOTE ON PAGE 8)

TABLE 212. 3Q

PRODUCTION CREDIT ASSOCIATIONS
LOAHS BADE AND NEB LOAMS
FOUR-QUARTER MOVING TOTAL

LOAMS MADE
1
1
TEAR
| MILLIONS
ENDING—
|
OF
1 DOLLARS
1
___________ L__________
1
1961-Q1.... |
2703.
2740.
-Q2.... i
2793.
-Q3.... |
2869.
-Q4.... 1

NEW LOANS

CHANGE FROM
PREVIOUS TEAR
MILLIONS
OF
DOLLARS

|
AS PERCENTAGE OF
|
1
1 LOAHS OUT­ COLLEC­
PERCENT | STANDING*
TIONS
1

CHANGE FROM
II
MILLIONS ||
PREVIOUS TEAR
OF
lI
DOLLARS || MILLIONS
OF
PERCENT
I|
II DOLLARS

AS PERCENTAGE OF
LOANS OUT­
STANDING*

COLLEC­
TIONS

151.
172.
224.
262.

5-9
6.7
8.7
10.0

172.
171.
170.
170.

150.
151.
152,
151.

1938.
1964.
2002.
2062.

52,
88.
141.
183.

2-8
4.7
7.6
9.8

123.
122.
122,
123.

108.
108.
109.
109.

1962-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... 1

29363021.
3090.
3217.

232.
281.
298.
348.

8.6
10.3
10.7
12-1

170.
172.
171.
174.

151.
153.
152.
153.

2096.
2155.
2211.
2312.

158.
190.
209.
250.

8.1
9.7
10.5
12.1

122.
122.
122.
125.

108.
109.
109.
110.

1963-Q1.... |
-Q2.... I
-Q3.... |
-Q4.... I

3320.
3422.
3487.
3551.

384,.
401.
397.
333.

13.1
13.3
12.8
10.4

175.
174.
171.
167.

157.
159.
159.
158.

2382.
2458.
2507.
2518.

286.
303.
296.
206.

13.6
14.1
13-4
8.9

125,
125.
123.
119.

112.
114.
115.
112.

1964-Q1.... |
-Q2.... i
-Q3.... I
-Q4.... I

3645.
3671.
3673.
3705.

325.
249.
186.
154.

9.8
7.3
5.3
4.3

167.
163.
159.
157.

158.
158.
157.
156.

2557.
2565.
2553.
2549.

176.
107.
46.
31.

7.4
4.3
1.8
1.2

117.
114.
HI108.

111.
110.
109.
107.

1965-Q1.... |
-Q2.... |
-Q3.... |
-Q4.....|

3756.
3850.
3948.
4136.

111.
180.
275.
430.

3.1
4.9
7.5
11.6

156.
157.
158.
162.

157.
158.
158.
160.

2564.
2643.
2734.
2889.

7.
79.
180.
340.

0.3
3. 1
7.1
13.3

107.
*08.
109.
113-

107,
109.
110.
112.

1966-Q1.... |
-Q2.... ]
-Q3.... I
-Q4.... |

4369.
4527.
4688.
4813.

613.
677.
740.
678.

16.3
17.6
18.7
16.4

166.
166.
166.
165.

161.
162.
159.
162.

3068.
3205.
3341.
3419.

504.
562.
607.
530.

19,6
21.2
22.2
18.3

116.
>118.
118.
117.

113.
115.
113115.

1967-Q1.... |
-Q2.... 1
-Q3.... 1
-Q4.... 1

4985.
5129.
5221.
5428.

616.
602.
533.
615.

14.1
13.3
11.4
12-8

164.
163,.
159.
160.

166.
168.
166.
167.

3491.
3570.
3619.
3766.

423.
365.
278.
348.

13.8
11.4
8.3
10.2

115.
113HO,
111.

116.
117.
115.
116.

1968-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... 1

5632.
5752.
5870.
6053.

647.
623.
649.
625.

13.0
12-1
12.4
11.5

160.
158.
156.
157.

167.
168.
165.
163.

3842.
3865.
3925.
4020.

351.
295.
306.
254.

10.1
8.3
8.4
6.7

109.
106.
104.
104.

114.
113.
110.
108.

1969-01.... I
-Q2.... |
-Q3---- |
-Q4.... |

6254.
6529.
6727.
7077.

622.
777.
857.
1024.

11.0
13.5
14.6
16.9

159.
162.
162.
166.

166.
167.
167.
171.

4147.
4383.
4562.
4823.

305.
519.
637.
803-

7.9
13.4
16.2
20.0

106.
109.
110.
113.

110.
112.
113.
116.

1970-Q1____ |
-Q2.... |
-Q3.... |
-Q4.... 1

7508.
7742.
7987.
8277.

1254.
1213.
1260.
1199.

20.0
18.6
18.7
16.9

169.
167.
165.
165.

174.
174.
171.
172.

5095.
5254.
5415.
5608.

948.
870.
853.
786.

22.9
19.9
18.7
16.3

115.
113.
112.
112.

118.
118.
116.
117.

1971-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... |

8617.
89239158.
9421'.

1109.
1181.
1170.
1145.

14.8
15.3
14.7
13.8

165.
164.
162.
160.

175.
178.
178.
173.

5778.
5961.
6112.
6269.

683.
707.
697.
661.

13.4
13.5
12.9
11,8

111.
110.
108.
106-

117,
119.
119.
115.

1972-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... I

9759.
10021.
10197.
10439.

11421098.
1040.
1017.

13,2
12.3
11.4
10.8

160.
160.
160.
161.

170.
167.
162.
163.

6452.
6608.
6760.
6976-

674.
647.
648.
707.

11.7
10.9
10.6
11.3

106.
106.
106,
107.

112.
110.
108.
109.

1973-Q1---- | 10982.
11420.
-G2.... |
-Q3.... | 12154.
-Q4---- || 13028.

1223.
1399.
1956.
2590.

12.5
14.0
19.2
24.8

166.
169.
175.
181.

161.
161.
166.
165.

7400.
7799.
8411.
9123.

948.
11911651.
2147.

14.7
18.0
24.4
30.8

112.
115.
121.
127.

108.
110.
115.
116.

1974-Q1.... ||
-Q2.... |I
-Q3.... |
-Q4.... |t
II
1975-Q1---- 1
-Q2.... |
-Q3---- 1
-Q4.... |
I
1976-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... |

13518.
1399614206.
14359.

2536.
2576.
2052.
1331.

23.1
22.6
16-9
10.2

180.
179.
173.
166.

164.
169.
173.
174.

9493.
9873.
100139981.

2093,
2073,
1602.
858.

28.3
26.6
19.0
9.4

127.
126.
122.
115.

115.
119,
122.
121.

14744.
15256.
15472.
15997.

1226.
1260.
1266,
1638.

9.1
9.0
8.9
11.4

163.
160.
156156.

181.
178.
171.
168.

10000.
10238,
10375.
10748.

507.
366.
362.
767.

5.3
3.7
3.6
7.7

110.
108.
105.
105,

123.
120.
115.
113.

16868.
17519.
17862.
18256.

2124.
2263.
2390.
2259.

14.4
14.8
15.4
14.1

160.
162.
160.
158.

166.
167.
170.
168.

11262.
11824.
1212412369.

1262.
1586.
1749.
1621.

12-6
15,5
16.9
15.1

107.
109.
109.
107.

111.
Hi­
ll 5.
114.

18935.
19510.
19844.
20049.

2066.
1991.
19821794.

12.2
11.4
11.1
9.8

159.
159.
156.
152.

169.
172.
172.
165.

12721.
13073.
13311.
13420.

1459.
1249,
11 86,
1050,

13.0
10.6
9.8
8-5

107.
106.
105.
102.

113.
115.
115.
110.

20429.
21013.
21869.
23198.

1494.
1502.
2025.
3148.

7.9
7.7
10.2
15.7

152154.
158.
165.

160.
156,
157.
159.

13644.
14070.
1482816036.

923.
997.
1517.
2616.

7.3
7.6
11.4
19,5

101.
103.
107114.

107.
104.
106.
110.

24755.
26152.
27190.
29027.

4326.
5139.
5321.
5830.

21.2
24.5
24.3
25.1

172.
176.
176ISO.

161.
161.
160.
162.

17267.
18490.
19369,
20875.

3623.
4420.
4542.
4840,

26.6
31-4
30.6
30.2

120,
124,
125.
130,

112.
114.
114.
117.

30704.
31578.
31984.
32289.

5949.
5427.
4794.
3262.

24.0
20.8
17.6
11.2

182.
178171.
168.

165.
167159.
154.

22030.
22358.
22414.
22455.

4763.
3867.
3045.
1580.

27.6
20.9
15.7
7.6

130,
126,
120.
116,

119.
ns112.
107.

2540.
2731-

8.3
8.6

169.
171.

155.
155.

23034.
23887.

1003.
1530.

4.6
6.8

117.
119.

107.
108.

1977-Q1.... |
-Q2.... |
-Q3---- |
-Q4.... |
1
1978-Q1.... |1
-Q2.... |
-Q3.... |I
-Q4.... ||
I
1979-Q1.... ||
-Q2.... ||
-Q3.... ||
-Q4.... ||
1
1980-Q1.... |
-Q2.... ||
-Q3.... ||
-Q4.... ||

1981-Q1.... | 33243.
-Q2.... | 34309.
1__________

* AVERAGE LOANS OUTSTANDING DURING THE PRECEDING FOUR QUARTERS (AVERAGE OF END-OF-QUARTER DATA)nwl?H

APF COMPUTED AS LOANS MADE LESS RENEWALS.




RENEWALS INCLUDE SOME NON AGRICULTURAL LOANS (SEE NCTE ON PAGE 8),.

14

TABLE 213.1Q
PRODUCTION CREDIT ASSOCIATIONS
RBNEVALS AND COLLECTIONS
RENENALS
QUARTER

| MILLIONS
|
OF
| DOLLARS

PERCENTAGE CHANGE
FROM PREVIOUS
QUARTER___

COLLECTIONS

I
AS PERCENTAGE OF
| MILLIONS |
1
I
OF
|
| LOANS OUTLOANS
COLLECTIONS | DOLLARS |
IKD RENEHALS

PERCENTAGE CHANGE
FROM PREVIOUS

|
AS PBR| CENTAGB O F
| LOANS OUTJ__ STANDING*

QUARTER

TEAR

1961 — Q1____
-Q2....
-Q3----Q4....

|
|
I
|

273.
163.
121.
250.

17.0
-40.5
-25.7
106.6

15-4
7.0
14.2
6.8

18.
10.
7.
14.

34.
24.
22.
30.

41.
34.
21.
25.

|
|
|
|

394322.
448.
733.

-41.5
-18.1
39.0
63.6

11-5
6.3
4.3
8.9

26.
20.
25.
41.

1962-Q1....
-Q2....
-Q3....
-Q4....

|
|
|
|

307,.
189.
134.
276.

22.7
-38.2
-29.4
106.7

12.1
16.3
10-5
10.6

19.
11.
7.
14.

35.
25.
21.
29.

41.
35.
21.
26.

I
|
|
|

438352510.
806.

-40.3
-19.6
44.9
58.0

11.2
9.2
13.8
9.9

26.
20.
2641-

1963-Q1....
-Q2....
-Q3....
-Q4----

|
|
|
|

339.
215.
150.
329.

22.6
-36.4
-30.5
119.9

10.5
13.8
11.9
19.1

18.
11.
7.
14.

35.
2521.
32.

43.
36.
21.
28.

|
1
1
|

453379549865.

-43.7
-16.4
44.6
57.7

3-6
7-8
7.6
7.4

24.
19.
24.
38.

1964-Q1....
-Q2....
-Q3....
-Q4....

|
|
|
|

394.
234.
163.
366.

19.7
-40.6
-30.3
124.5

16.3
8.5
8.8
11.1

19.
10.
6.
15.

37.
26.
23.
35.

4337.
23.
29.

|
|
|
I

514.
401.
554.
903.

-40.6
-22.0
38.3
62.9

13.4
5.6
1.0
4.4

24.
18.
2236.

1965-Q1____
-Q2....
-Q3....
-Q4....

|
I
|
|

430.
248.
170.
399.

17.6
-42.3
-31.6
134.7

9.3
6.2
4.3
9-0

19.
10.
6.
14.

39.
25.
21.
32.

45.
36.
22.
29.

|
|
|
|

533440.
616.
995.

-41.0
-17.5
40-1
61.6

3.6
9.7
11.1
10-2

23.
1822.
36.

1966-Q1....
-Q2,....
-Q3....
-Q4....

|
i
|
I

485.
269.
195.
446.

21.6
-44. 5
-27.5
128.9

12.7
8.3
14.8
11.9

19.
10.
6.
14.

36.
24.
20.
33-

43.
34.
20.
31.

|
|
|
I

655.
533.
768.
1015-

-34.2
-18.5
44. 1
32.1

22-9
21.2
24-7
1-9

25.
19.
2432.

1967-Q1....
-Q2....
-Q3....
-Q4....

|
|
|
|

584.
335.
237.
506.

30.9
-42.7
-29. 1
113.1

20.5
24.4
21.8
13.4

19.
10.
6.
14.

38..
26.
23.
32.

46.
36.
22.
31.

l
I
|
|

684.
591853.
1121-

-32.6
-13-5
44.3
31-4

4.5
10.9
11.1
10.5

22.
18.
23.
31-

1968-Q1....
-Q2....
*Q3
“Q4....

|
|
1
|

712.
432.
296.
593.

40.8
-39.4
-31.6
100.7

22.0
29.1
24.6
17.3

20.
11.
7.
15.

41.
31.
25.
34.

47.
40.
23.
32-

l
|
|
l

797.
655.
983128J-

-28.9
-17.9
50.1
30.3

16-6
10. 7
15.2
14.2

2217.
2432.

1969-Q1....
~Q2....
-Q3....
-Q4....

|
|
|
|

786.
471.
315.
683.

32.5
-40.1
-33.0
116.5

10.3
9.0
6.6
15.1

20.
11.
7.
15.

41.
28.
23.
32.

48.
37.
22.
33.

|
|
|
|

850.
787.
1107.
1396.

-33.6
-7.4
40.7
26.1

6. 6
20.2
12.7
9.0

22.
192431.

1970-Q1....
-Q2....
-Q3....
-Q4....

|
|
|
|

944.
547.
399.
779.

38.3
-42.1
-27.0
95.1

20.1
16.1
26.6
14.1

21.
11.
7.
15.

40.
29.
25.
33.

48.
37.
23.
34.

|
|
|
|

1029.
930.
1308.
1533,.

-26.3
-9-6
40.7
17.2

21.1
18. 1
18. 1
9.8

23.
1924.
29-

1971-Q1.... ,|
-Q2.... |
-Q3....
-Q4.... ,|

1115.
670.
483.
885.

43.2
-39.9
-27.9
83.3

18.1
22.5
20.9
13.7

21.
12.
8.
14.

41.
30.
26.
33.

49.
39.
25.
33.

I
|
|
|

11491033.
1442.
1833.

-25.0
-10.0
39.5
27.1

11.7
11.2
10.2
19.6

22.
18.
23.
30-

1972-Q1____ .|
-Q2.... |
-Q3.... ,|
-Q4.... >|

1269.
776.
507.
910.

43.4
-38.9
-34.6
79.5

13.8
15.9
5.1
2.9

21.
12.
7.
14.

42.
31.
25.
31.

47.
37.
23.
32.

I
|
|
I

1439130417081973-

-21.5
-9.4
31.0
15-5

25.2
26.2
18-5
7.6

24202530.

1973-Q1.... |
-Q2....
-Q3.... .|
-Q4.... ,|

1389.
815.
630.
1072.

52.5
-41.3
-22.7
70.3

9.4
5.0
24.1
17.8

21.
12.
8.
14.

39.
28.
23.
28.

43.
34.
25.
30.

I
|
|
|

18541571.
1938.
2529.

-6.0
-15.2
23.4
30.5

28.8
20-5
13.5
28.2

282326.
33.

1974-Q1.... |
-Q2.... ,|
-Q3.... |
-Q4.... ,|

1509.
913.
699.
1257.

40.7
-39.5
-23.4
79.8

8.6
12.1
11.0
17.2

19.
11.
8.
13.

37.
27.
24.
32-

41.
36.
27.
33.

|
I
|
I

2203.
1597.
1888.
2585.

-12.9
-27.5
18.2
36-9

18.8
1-7
-2.6
2-2

2819.
21.
27.

1975-Q1.... ,|
-Q2.... ,|
-Q3.... 1
-Q4.... I

1876.
1187.
778.
1409.

49.2
-36.7
-34.5
81.2

24.3
30.0
11.3
12.1

20.
12.
7.
13.

4230.
24.
32.

48.
37.
25.
32.

|
I
|
|

2069.
2022.
23793031.

-20.0
-2.3
17-6
27.4

-6. 1
26.6
26-0
17.2

22.
20.
2228.

1976-Q1....
-Q2.... ,|
-Q3.... .|
-Q4---- ,|

2233.
1275.
820.
1557.

58.5
-42.9
-35.7
89.8

19.1
7.5
5.5
10.5

21.
11.
7.
13.

42.
28.
23.
32.

45.
35.
26.
31.

|
|
|
|

27092390.
2385.
3403-

-10.6
-11-8
-0.2
42-7

30.9
18.2
0.3
12.3

2522.
2028-

1977-Q1.... |
-Q2---- ,|
-Q3.... .|
-Q4.... ,|

2561.
1499.
916.
1654.

64.4
-41.5
-38.9
80.5

14.7
17.6
11.7
6.2

21.
T2.
7.
12.

43.
29.
24.
33.

46.
38.
2629.

|
|
|
|

3055.
2480.
2620.
4010.

-10.2
-18.8
5.6
53.1

12.8
3.7
9.8
17.8

25.
20.
1928.

1978-Q1.... ,|
-Q2.... ,|
-Q3.... ,|
-Q4---- .1

2716.
1657.
1015.
1775.

64.2
-39.0
-38.8
74.9

6.1
10.5
10.8
7.3

20.
12.
7.
12.

43.
29.
22.
28.

43.
34.
25.
28.

1
|
I
|

3669.
3193.
30744678.

-8-5
-13.0
-3.7
52.2

20. 1
28.8
17-3
16-7

27.
24.
2131.

1979-Q1.... ,|
-Q2.... .|
-Q3.... ,|
-Q4.... ,|

3041.
1830.
1174.
2106.

71.4
-39,-8
-35.9
79.4

12.0
10.5
15.7
18.7

20.
12.
7.
12.

38.
26.
20.
26.

41.
31.
23.
27.

|
|
I
|

4440.
4018.
3852.
5567-

-5.1
-9.5
-4. 1
44.5

21-0
25.8
25.3
19-0

3026.
23.
32.

1980-Q1.... .|
-Q2.... ,|
-Q3.... .|
,|

3563.
2378.
1523.
2370.

69.1
-33.3
-35.9
55.6

17.1
29.9
29.7
12.5

20.
13.
8.
12-

37.
30.
25.
28.

41.
35.
23.
27.

|
I
I
I

5136.
440549616454.

-7.7
-14.2
12.6
30.1

15.7
9.6
28.8
15.9

28.
23.
25.
32.

1981-Q1....
-Q2.... ,|

3938.
2591.

66.2
-34.2

10.5
8.9

20.
13.

37.
29.

41.
34.

|
I

5679..
4976.

-12.0
-12.4

10.6
13-0

29~4.

—

* LOANS OUTSTANDING AT END OF PRECEDING QUARTER.
RENEHALS AND COLLECTIONS INCLUDE SOME NON AGRICULTURAL LOANS (SEE NOTE ON PAGE 8),.




15
TABLE 213.2Q
PRODUCTION CREDIT ASSOCIATIONS
RENEWALS AND COLLECTIONS
SEASONALLY-ADJUSTED ANNUAL RATE
RENEWALS

1
QUARTER

| MILLIONS |
OF
|
1 DOLLARS |
_1
1
1961-Q1.... |
781.
775.
-Q2.... 1
842.
-Q3.... |
850.
-Q4.... 1

COLLECTIONS

PERCENTAGE CHANGE
FROM PREVIOUS

|

QUARTER

| LOANS OUT1 STANDING*

YEAR

AS PERCENTAGE OF
LOANS
HADE

| MILLIONS |
I
CF
|
COLLECTIONSi| DOLLARS |
AND RENEWALSif
1

PERCENTAGE CHANGE
FROM PREVIOUS

|
AS PER| CENTAGE OF
| LOANS OUT1 STANDING*

QUARTER

YEAR

-1.1
-0.7
8.6
0.9

14.5
6.0
14.8
7.6

49.
47.
5049.

28.
28.
29.
29.

30.
29.
31.
30.

|
|
|
|

1827.
18601879.
1981-

-0.3
1.8
1.0
5.4

10.4
6. 1
5,.9
8-0

114.
112.
111.
114.

1962-Q1.... |
-Q2.... |
-Q3.... I
-Q4---- |

878.
901.
940.
940.

3.3
2.7
4.3
-0. 1

12-4
16.3
11.7
10.6

49.
50.
5049.

29.
29.
28.
27.

3031.
3130.

I
|
|
|

2030.
2019.
2119.
2173.

2.5
-0.5
4.9
2.6

11.1
8-5
12.8
9.7

114.
111.
114,.
113.

1963-Q1.... |
-Q2.... 1
"Q3.... |
-Q4---- 1

964.
1015.
1065.
1107.

2.6
5.3
4.9
4.0

9.9
12.6
13.2
17-8

48.
49.
49.
50.

28.
29.
29.
31.

32.
32.
32.
32.

|
I
|
|

2077.
21652291.
2347.

-4-4
4.2
5.8
2.5

2.3
7.2
8. 1
8.0

104.
104.
106.
105.

1964-Q1.... |
-Q2.... 1
-Q3.... |
-Q4.... |

1110.
1114.
1172.
1221.

0.3
0.4
5.2
4.2

15-1
9.8
10.1
10.3

49.
48.
49.
50.

3031.
32.
33-

32.
33.
34.
33.

|
|
|
|

2345.
2265.
2296.
2500-

-0.1
-3.4
1.4
8-9

12.9
4. 6
0.2
6-5

10397.
97.
102-

1965-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... I

1211.
1182.
1231.
1322.

-0.9
-2.3
4. 1
7.4

9.1
6.1
5.0
8.3

4947.
48.
49.

31.
29.
29.
30.

33.
32.
33.
32-

|
|
|
I

2427.
2458.
2496.
2819.

-2.9
1.3
1.5
13.0

3.5
8.5
8-7
12-8

99.
99.
97105-

1966-Q1.... |
-Q2.... 1
-Q3.... |
-Q4.... 1

1347.
1288.
1418.
1516.

1.9
-4.4
10. 1
6.9

11.2
8.9
15.2
14.7

49.
45.
48.
49.

29.
27.
28.
31.

3131.
32.
34.

|
I
|
|

2981.
29293064.
2935.

5.7
-1.8
4.6
-4.2

22.8
19-2
22.8
4. 1

108.
103.
103.
95-

1967-Q1.... |
-Q2.... |
-Q3.... |
-Q<*.... 1

1610.
1604.
1720.
1758.

6.2
-0.4
7.2
2.2

19.5
24.6
21.3
15.9

50.
48.
50.
49.

31.
30.
31.
31.

34.
33.
34.
35.

(
|
|
|

311331853351.
3325.

6.0
2.3
5.2
-0-8

4-4
8.8
9-4
13.3

97.
9697.
93.

1968-Q1.... |
-Q2.... 1
-Q3.... I
-Q4.... 1

1950.
2017.
2121.
2129.

11.0
3.4
5.1
0.4

21.1
25-7
23.3
21.1

52.
53.
55.
54.

3335.
35.
33.

35.
37.
36.
35.

|
|
I
|

3616.
3451.
3799.
3899.

8.8
-4.6
10.1
2.6

16.2
8.4
13.4
17.3

97.
9198.
98.

1969-Q1.... |
-02---- 1
-Q3.... |
-Q4.... 1

2128.
2209.
2233.
2455.

-0. 1
3.8
1.0
9.9

9.1
9.5
5.3
15.3

53.
53.
51.
54.

33.
32.
3132.

36.
35.
3536.

i
I
|
|

38004060.
4235.
4355.

-2.6
6.9
4.3
2.8

5.1
17.6
11.5
11-7

94.
9797.
97.

1970-Q1.... |
-Q2.--- 1
-Q3.... |
-Q4.... |

2554.
2570.
2791.
2844.

4.0
0.6
8.6
1.9

20.0
16.3
25.0
15.9

54.
52.
55.
54.

32.
32.
3332.

36.
35.
35.
37.

|
|
|
|

4546.
4706.
51384910.

4-4
3-5
9.2
-4.5

19,. 6
15.9
21.3
12.7

96.
96101.
93-

1971-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... |
I
1972-Q1.... |
-Q2.... |
-Q3---- |
-Q4*.... 1

3017.
3121.
3343.
3273.

6. 1
3.4
7. 1
-2. 1

18,-2
21.4
19.8
15.1

55.
54.
56.
53.

3334.
35.
33.

38.
38.
37.
35.

|
|
|
|

4989.
5148.
5670.
5962,.

1-6
3.2
10.1
5.1

9.8
9.4
10.4
21.4

90.
89.
94.
97.

3424.
3638.
3494.
3482.

4.6
6.3
-4.0
-0. 4

13.5
16.6
4.5
6.4

54.
56.
53.
53.

34.
35.
3332.

36.
36.
34.
35.

|
|
|
|

6096.
6420.
6819.
6480.

2.2
5.3
6-2
-5.0

22.2
24.7
20-3
8.7

97.
99.
10498.

1973-Q1.... |
-Q2.... I
-Q3.... |
-Q4.... I

3725.
3737.
4346.
4138.

7.0
0.3
16.3
-4.8

8.8
2.7
24.4
18.9

55.
53.
60.
54.

31.
31.
31.
29-

33.
33.
35.
33.

|
|
|
|

7616.
76437902.
8357-

17.5
0.3
3.4
5.8

24.9
19.0
15.9
29.0

112.
109.
109HO.

1974-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... 1
I
1975-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... |
i
1976-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... 1
i
1977-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... I
I
1978-Q1---- l
-Q2.... |
-Q3.... |
-Q4.... |
I
1979-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... |
I
1980-Q1.... |
-Q2.... |
-Q3.... ||
-Q4.... 1
I
1981-Q1.... ||
-Q2.... |
____________ 1I

4019.
4126.
48554914.

-2.9
2.7
17.7
1.2

7.9
10.4
11.7
18.7

50.
50.
5553.

29.
30.
32.
33.

31.
35..
38.
36.

1
I
|
|

8768.
7633.
7889.
8594.

4.9
-12,-9
3.4
8.9

15. 1
-0- 1
-0.2
2-8

109.
9290.
92-

4966.
5318.
5456.
5490.

1.1
7. 1
2.6
0.6

23.6
28.9
12.4
11-7

51.
52.
53.
52.

33.
34.
33.
32.

38.
36.
35.
35.

|
|
|
|

81569566.
10202.
10074.

-5.1
17.3
6.6
-1.3

-7.0
25.3
29.3
17.2

8494.
98.
95.

5859.
5671.
5810.
6104.

6.7
-3.2
2.5
5.1

18.0
6.6
6.5
11.2

54.
50.
50.
51.

33.
31.
32.
33.

36.
34.
36.
35-

|
|
|
I

10619.
11174.
10487.
11310.

5.4
5-2
-6.1
7.9

30.2
16.8
2.8
12-3

979990.
94.

6668.
6669.
6525.
6613.

9.2
0.0
-2.2
1.4

13.8
17.6
12.3
8-3

54.
52.
49.
48.

33.
33,.
3334.

36.
37.
3633.

|
I
|
|

11853.
11468.
1172113373-

4.8
-3.2
2.2
14.1

11.6
2.6
11.8
18.2

96.
90.
88.
97.

7018.
7230.
7231.
7295.

6.1
3.0
0.0
0.9

5.3
8.4
10.8
10.3

51.
53.
52.
50.

3332.
30.
29.

33.
33.
34.
32.

I
|
|
|

1405814667.
1394315622-

5.1
4.3
-4.9
12.0

18-6
27.9
19-0
16-8

103.
107.
100.
107.

7838.
7884.
8343.
8903.

7.4
0.6
5.8
6.7

11.7
9.1
15.4
22.0

52.
50.
51.
52.

30.
28.
28.
27.

32.
30.
32.
32.

|
I
|
i

16936.
183921762418646.

8.4
8-6
-4.2
5.8

20-5
25.4
26.4
19-4

112.
117.
108.
109.

917810424.
10815.
9941.

3. 1
13.6
3.8
-8.1

17.1
32-2
29.6
11.7

50.
54.
55.
51.

29.
3334.
30.

32.
34.
32.
31.

|
|
|
I

19448.
20137.
22706.
21664-

4.3
3.5
12.8
-4.6

14.8
9.5
28.8
16.2

106104.
115.
111.

10128.
11158.

1.9
10. 2

10.3
7.0

51.
53.

29.
31.

3233.

I
|

21399.
22696.

-1.2
6-1

10.0
12.7

108.
108.

* SEASONALLY-ADJUSTED LOANS OUTSTANDING AT END OF PRECEDING QUARTER.
RENEWALS AND COLLECTIONS INCLUDE SOME NONAGRICULTURAL LOANS (SEE NOTE ON PAGE 6}




16

PRODUCTION CREDIT ASSOCIATIONS
RENEHALS AND COLLECTIONS
POUR-QUARTER NOTING TOTAL

TABLE 213.3Q

YEAR
ENDING—

1961-Q1___
-Q2---Q3---Q4--1962-Q1___
-Q2---Q3---Q4--1963-Q1---Q2---Q3---Q4---

I
1
1
| MILLIONS
|
OF
| DOLLARS
1
1
1
|
765.
776.
|
791.
|
807.
I
|
840.
I
867.
879.
.|
906.
I
|
938.
|
964.
.|
980.
|
1033.

RENEHALS

1
1
I
1
AS PERCENTAGE OF
| MILLIONS
I
_l
OF
I
COLLECTIONS! DOLLARS
LOANS
I LOANS OUTPERCENT I STANDING*
HADE
AND RENEHALS|
|
1 ________
1
49.
|
179928.
3014.9
48.
30.
|
1818.
12.2
28.
48.
|
1837.
11.8
28.
30.
48.
10.7
28.
30.
1
1897.

CHANGE FROM
PREVIOUS YEAR
MILLIONS
OF
DOLLARS
99.
84..
84.
78.

COLLECTIONS
|
|
CHANGE FROM
I
AS
1
|| PERCENTAGE
||
PREVIOUS YEAR
|
OF
11
I
| LOANS O U l|| MILLIONS
I
j|
PERCENT | STANDING *
OF
..Jl
J1 DOLLARS
109.
105.
115.
138.

6.5
6. 1
6.7
7-9

114113.
112.
113.

75.
9188.
99.

9.8
11.7
11.2
12-2

49.
49.
49.
49.

29.
29.
28.
28.

30.
31.
30.
30.

|
I
|
|

1941.
19712032.
2105.

142152195.
208.

7.9
8.4
10-6
11-0

113.
112.
113.
114.

98.
97.
101.
127.

11.7
11.2
11.4
14.0

49.
49.
48.
49.

2828.
28.
29.

31.
31.
31.
31.

|
|
|
|

2121214821872247.

180178155.
142.

9-3
9-0
7.6
6.7

112109.
107.
106-

1964-Q1___ |
-Q2--- .|
-Q3--- |
-Q4--- |

1088.
1106.
1119.
1156.

150.
142.
139.
123.

16.0
14.7
14.2
11.9

50.
49.
48.
49.

3030.
30.
31.

32.
32.
32.
33.

J
|
|
|

23072328.
2334.
2372-

186.
180.
147.
126-

8-8
8-4
6.7
5.6

105.
103101.
100.

1965-Q1___ .|
-Q2--- |
-Q3--- |
-Q4--- |

1193.
1207.
1214.
1247.

105.
101.
95.
91.

9.6
9.1
8.5
7.9

50.
49.
49.
49.

32.
31.
3130.

33.
33.
33.
33.

I
|
|
|

23912430.
2491.
2584.

84.
101.
157212.

3.6
4.4
6-7
8.9

99.
99.
100.
101.

1966-Q1....
-Q2....
-Q3....
-Q4---

|
I
|
|

1301.
1322.
1347.
1395.

109.
115.
133.
148.

9.1
9.5
11.0
11.9

49.
49.
48.
48.

30.
29.
29.
29.

32.
32.
31.
32.

J
|
|
|

2706.
2799.
2951.
2971.

315.
369.
460.
387.

13.2
15.2
18-5
15-0

103.
103.
104.
102-

1967-Q1___
-Q2---Q3---Q4 . .

|
|
|
|

1494.
1560.
1602.
1662.

193.
238.
255.
267.

14.8
18.0
18.9
19.1

49.
49.
49.
49-

30.
30.
3131.

33.
34.
34.
34.

|
|
|
|

3000.
3058.
3143.
3250-

294.
259192.
279.

10-9
9.3
6-5
9-4

99.
97.
9696.

1968-Q1___
-Q2....
-Q3....
-Q4....

|
|
|
|

1790.
1887.
1946.
2033.

296.
328.
344.
371.

19.8
21.0
21.5
22.3

51.
52.
52.
53.

32.
33.
33.
34.

35.
36.
35.
35.

|
|
|
|

3363.
3426.
35563715.

363.
368412465.

12.1
12-0
13-1
14.3

95.
94.
95.
96.

1969-Q1.... |
-Q2....
-Q3.... .|
-Q4.... I

2107.
2145.
2165.
2255.

317.
258.
219.
221.

17.7
13.7
11.3
10.9

54.
53.
52.
53.

34.
33.
32.
32.

36.
35.
35.
35-

|
|
|
|

3767.
3900.
4025.
4140.

404.
474.
469.
425.

12-0
13.3
13.2
11.4

96.
97.
97.
97.

1970-Q1.... ,|
-Q2.... |
-Q3....
-Q4.... |

2413.
2488.
2572.
2668.

306.
343.
407.
414.

14.5
16.0
18.8
18.4

54.
54.
53.
53.

3232.
32.
32.

36.
36.
36.
36.

|
I
|
|

4319.
4462.
4662.
4799-

552.
562.
637.
659.

14-6
14.4
15.8
15.9

97.
96.
97.
96.

1971-Q1.... I
-Q2.... .|
-Q3.... ,|
-Q4.... .|

2839.
2962.
3046.
3152.

427.
474.
473.
484.

17.7
19.0
18.4
18.1

54.
55.
54.
54.

33.
33.
33.
33.

37.
37.
37.
37.

|
|
|
|

4919.
50225156.
5456.

600.
561.
494.
658.

13.9
12.6
10-6
13.7

94.
9391.
93-

1972-Q1.... .|
-Q2.... .|
-Q3.... .|
-Q4.... .|

3306.
3413.
3437.
3463.

467.
451.
392.
311.

16.5
15.2
12.9
9.9

54.
55.
54.
53.

34.
34.
34.
33.

37.
36.
35.
35.

1
|
|
|

57466017.
6283.
6423-

82 a.
994.
1127.
967.

16.8
19.8
21-9
17.7

9496.
98.
99.

1973-Q1.... .|
-Q2.... .|
-Q3.... .|
-Q4.... ,|

3582.
3621.
3743.
3905.

276.
208306442.

8.3
6.1
8-9
12.8

54.
54.
54.
54.

33.
32.
31.
30.

34.
34.
34.
33.

|
|
I
I

68387106.
73367892.

10921089.
10521469.

19-0
18. 1
16-7
22.9

103.
105106.
110.

1974-Q1.... .1
-Q2.... .|
-Q3.... ,|
"Q4.... ,|
I
1975-Q1.... ,|
-Q2.... .|
-Q3.... .|
-Q4.... .|

4025.
4124.
4193.
4378.

443.
503.
450.
472.

12.4
13.9
12.0
12.1

54.
5351.
51.

30.
29.
30.
30.

33.
33.
34.
35.

|
|
|
|

8241826782178273.

1403.
1162.
882.
381-

20.5
16.3
12-0
4-8

110.
106.
10096.

4744.
5018.
5097.
5249.

719.
894.
904.
871.

17.9
21.7
21.6
19.9

52.
53.
51.
51.

32.
33.
33.
33.

3737.
36.
36.

|
|
|
|

814085659056.
9501.

-101.
297.
8381228.

-1.2
3-6
10-2
14-8

90.
90.
91.
93.

1976-Q1.... .|
-Q2.... |
-Q3.... ,|
-Q4.... .|

5606.
5695.
5738.
5886.

862.
677.
641.
638.

18.2
13.5
12.6
12.1

53.
53.
51.
51.

33.
33.
32.
32.

36.
3535.
35.

|
|
|
|

10142.
10510.
10516.
10888-

2002.
1945.
1460.
1387-

24.6
22.7
16. 1
14-6

96.
9794.
94.

1977-Q1.... .|
-Q2.... ,|
-Q3.... .|
-Q4.... .|

6214.
6438.
6533.
6630.

607.
743.
796.
743.

10.8
13.0
13.9
12.6

52.
52.
51.
50.

33.
33.
33.
33.

36.
36.
36.
35.

|
|
|
1

11234.
11323.
1155712164.

1092.
813.
1041.
1276.

10.8
7-7
9.9
11.7

94.
92.
9193.

1978-Q1.... .|
-Q2.... ,|
-Q3.... .|
-Q4.... .|

6785.
6942.
7041.
7162.

571.
505.
508.
532.

9.2
7.8
7.8
8.0

50.
51.
51.
51.

333332.
31-

35.
3434.
33-

|
|
|
|

12777.
13491.
1394514614.

1544.
2168.
23882450.

13-7
19-1
20-7
20- 1

95.
99.
101.
104.

1979-Q1.... .|
-Q2.... .)
-Q3.... .|
-Q4.... .|

7488.
7661.
7821.
8152.

703.
719.
779.
990.

10-4
10.4
11.1
13.8

52.
51.
51.
51.

3029.
29.
28-

33.
32.
32.
31.

|
|
|
|

15385.
16210.
16988.
17877.

26072719.
30433263-

20.4
20.2
21.8
22.3

107.
109.
110.
111.

1980-Q1.... .|
-Q2.... .|
-Q3.... >|
-Q4.... .|

8673.
9221.
9570.
9834.

1185.
1559.
1749.
1682.

15.8
20.4
22-4
20.6

51.
52.
51.
51.

28.
29.
30.
30.

32.
33.
32.
32.

|
|
1
|

1857318960.
2006820955.

31882750.
3080.
3079.

20-7
17.0
18-1
17.2

110.
107.
108.
109.

1981-Q1.... .|
-Q2.... .|
1

10209.
10422.

1536.
1201.

17.7
13.0

52.
52.

31.
30-

32.
32.

I
|

21499.
22071.

2926.
3111.

15.8
16-4

109110.

J _____________

* AVERAGE LOANS OUTSTANDING DURING THE PRECEDING FOUR QUARTERS (AVERAGE OF END-OF-QUARIER DATA)
RENEHALS AND COLLECTIONS INCLUDE SONS NONAGRICULTURAL LOANS (SEE NOTE ON PAGE 8) .




17

TABLE 221.tQ
FEDERAL LAUD BAIKS
LOANS OUTSTANDING

AMOUNT

1
l_
END O F
QUARTER

|

MILLIONS OF DOLLARS

|
1

NUMBER OF LOANS
PERCENTAGE CHANGE
FROM PREVIOUS

END OF | CHANGE FROM PREVIOUS
QUARTER 1
1
QUARTER
YEAH___

AVERAGE SIZB

PERCENTAGE CHANGE
FROM PREVIOUS
THOUSANDS|

QUARTER

1
1964-Q1.... |
-Q2.... j
-Q3.... I
-Q4.... I

3406.
3516.
3620.
3717.

*****

110.
104,.
97.

*****
*****
*****
*****

****
3.2
3.0
2.7

1965-Q1.... |
-Q2.... 1
-Q3.... I
-Q4.... |

3889.
4057.
4171.
4280.

172.
167.
114.
109.

483.
541.
551.
563.

1966-Q1.... |
-Q2.... 1
-Q3.... 1
-Q4---- |

4477.
4724.
4900.
4957.

197.
247.
176.
57.

1967-Q1.... |
-Q2.... 1
-Q3.... |
-Q4.... |

5111.
5303.
5449.
5608.

1968-Q1.... |
-Q2.... 1
-Q3.... 1
-Q4.... I

YEAR

DOLLARS
QUARTER

YEAR

****

PERCENTAGE
CHANGE
FROM
PREVIOUS
YEAR

****
****
****
****

379. 1
380. 1
380.9
380.6

0.3
0.2
-0.1

****
****
****
****

8985.
9249.
9505.
9766-

***♦
****
****
♦***

4.6
4.3
2.8
2.6

14.2
15.4
15.2
15. 1

382.3
384.3
384.9
384.2

0.4
0.5
0.1
-0.2

0.8
1.1
1.1
0.9

10174.
10556.
1083511139.

13.2
14. 1
14.0
14.1

588.
667.
729.
677.

4.6
5.5
3.7
1.2

15.1
16.4
17.5
15.8

386.0
389.7
391.8
389-7

0.5
1.0
0.5
-0.5

1.0
1.4
1.8
1.4

11600.
12121.
12506.
12718.

14.0
14.8
15.4
14-2

154.
192.
147.
159.

634.
579.
550.
651.

3. 1
3.8
2.8
2.9

14.2
12.3
11.2
13. 1

391.3
394.1
395.2
395.6

0.4
0.7
0.3
0.1

1.4
1. 1
0.9
1.5

13061.
13457.
13789.
14175.

12.6
11.0
10.3
11.5

5793.
5973.
6064.
6125.

185.
179.
91.
62.

682.
670.
614.
517.

3.3
3. 1
1.5
1.0

13.3
12.6
11.3
9.2

397.6
399.6
399.4
398-3

0.5
0.5
-0.0
-0.3

1.6
1.4
1.1
0.7

14571.
14948.
15181.
15377.

11.6
11.1
10.1
8.5

1969-Q1.... |
-Q2.... \
-Q3.... |
-Q4.... I

6317.
6556.
6676.
6713.

192239.
120.
37.

524.
583.
612.
588.

3. 1
3.8
1.8
0.6

9.0
9.8
10- 1
9.6

400.5
403.7
404.2
402.4

0.5
0.8
0.1
-0.4

0.7
1.0
1.2
1.0

15774.
16238.
16519.
16681.

8.3
8.6
8.8
8.5

1970-Q1.... |
-Q2.... |
-Q3.... |
-Q4____ |

6833.
6994.
7101.
7186.

119.
161.
107.
85.

516.
438.
425473.

1.8
2.4
1.5
1.2

8.2
6-7
6.4
7.0

403.5
404.9
405.2
404.2

0.3
0.4
0.1
-0.2

0.8
0.3
0.2
0.4

16934.
17273.
17527.
17778.

7.4
6.4
6.1

1971-Q1.... |
-Q2.... |
-Q3.... |
-Q4---- I

7347.
7579.
7766.
7917.

160.
232.
188.
150.

514.
585.
665.
731.

2 .2

3-2
2.5
1.9

7.5
8.4
9.4
10.2

404.7
405.8
405.8
404.6

0.1
0.3
0.0
-0.3

0.3
0.2
0.2
0.1

1815518678.
19138.
19568.

7.2
8-1
9.2
10.1

1972-Q1____ |
- 0 2 .... |
-03.... |
-Q4.... |

8139.
8426.
8749.
9092.

286.
323.
343.

793.
847.
982.
1175.

2.8
3.5
3.8
3.9

10.8
11.2
12.6
14.8

405.1
406.5
407.4
407.6

0.1
0.3
0.2
0.0

0.1
0.2
0.4
0.8

20093.
20729.
21473.
22304-

10.7
11.0
12.2
14.0

1973-Q1.... |
- Q 2 . --- 1
-03.... |
-Q4.... |

9568.
10077.
10525.
10947.

476.
510.
447.
422.

1428.
1652.

5.2
5.3
4.4
4.0

17.5
19.6
20.3
20.4

409.0
411.7
413.6
414.8

0.3
0.7
0.5
0.3

1.0
1.3
1.5
1.8

23395.
24478.
25444.
26393.

16.4
18.1
18.5
18.3

1974-Q1.... |
-02.... |
-03.... |
-Q4.... |

11467.
12176.
12877.
13456.

520.
710.
700.
580.

1899.
2099.
2352.
2509-

4.7
5.7
4.5

19.8
20.8
22.3
22.9

415.9
421.3
426.4
429.2

0.3
1.3
1.2
0.7

1.7
2.3
3.1
3.5

27571.
28902.
30197.
31349-

17.8
18.1
18.7
18.8

1975-Q1____ |
-Q2.... |
-03.... |
-Q4.... 1
1
1976-Q1.... |
-Q2.... |
-03.... |
-Q4.... |

14179.
14938.
15518.
16014.

723.
759.
580.
496.

2712.
2762.
2641.
2557.

5.4
5.4
3.9
3.2

23.7
22.7
20.5
19.0

433.5
43S-6
442.0
442.8

1.0
1.2
0.8
0.2

4.2
4-1
3.6
3.2

32711.
34061,.
35112.
36166-

18.6
17.8
16.3
15.4

16700.
17403.
17982.
18524.

686.
703.
579.
542.

2521.
2465.
2464.
2510.

4.3
4.2
3.3
3.0

17.8
16.5
15.9
15.7

445. 1
448. 2
450.4
450.8

0.5
0.7
0.5
0.1

2.7
1.9
1.8

37522.
38832.
399.24.
41088.

14.7
14.0
13.7
13.6

1977-Q1.... |
-Q2.... |
-Q3---- 1
-Q4.... |

19331.
20190.
20874.
21466.

807.
859.
684.
593.

2631.
2787.
2891.
2942.

4.4
3.4
2.8

15.8
16.0
16.1
15.9

452-9
456.0
458.6
459.5

0.5
0.7
0.6
0.2

1.8
1.8
1.8
1.9

42684.
44273.
45519.
46714.

13.8
14.0
14.0
13.7

1978-Q1.... |
-02.... |
-03.... |
-Q4.... I
I
1979-Q1.... |
-Q2.... |
-03.... |
-Q4.... |
1
1980-Q1.... |
-02.... |
-Q3.... J
-04.... I
I
1981-Q1.... |
-02.... I
________ L

22234.
23131.
23939.
24668.

768.
897.
808.
729.

2903.
2940.
3065.
3202.

3.6
4.0
3.5
3.0

15.0
14.6
14.7
14.9

461.3
464-6
468.4
471.2

0.4
0.7
0.8
0.6

1.9
1.9
2.1
2.5

48193.
49787.
51104.
52355.

12.9
12.5
12-3
12.1

25851.
27261.
28430.
29725.

1183.
1410.
1169.
1295.

3617.
4130.
4492.
5057.

4.8
5.5
4.3
4.6

16.3
17.9
18.8
20.5

476.0
482.4
488.7
494.9

1.0
1.3
1.3
1.3

3.2
3-8
4.3
5.0

54304.
5651058171.
60063.

12-7
13.5
13-8
14.7

31603.
33681.
34852.
36032.

1878.
2078.
1171.
1180.

5752,.
64206422.
6307.

6.3
6.6
3.5
3.4

22.3
23.6
22.6
21.2

504. 1
515.6
521.0
525.8

1.9
2-3
1.1
0.9

5.9
6-9
6.6
6.2

62687.
65323.
66892.
68525-

15.4
15.6
t‘5- 0
14.1

38030.
40280.

1998.
2251.

6426.
6599.

5.5
5.9

20.3
19.6

534.7
545. 1

1.7
1.9

6.1
5.7

71119.
73899-

13.4
13-1




222.

1776.

1855.

6 .2

4 .4

2 .2

6 .6

18

FEDERAL LAID BAIKS
LOANS OUTSTANDING
SBASOWILLI-ADJUSTED DATA

TABLE 221.2Q

END OF
QUARTER

1
1
|
1
|
|
|
_i

AMOUNT
MILLIONS OF DOLLARS

|
1
|| CHANGE FROM PREVIOUS!
END OF |1 ..
..... 1
QUARTER | QUARTER
TEAR
|
_J1
__ LSAAK]_____ ________ L

PERCENTAGE CHANGE
FROM PREVIOUS
QUARTER
TEAR
-iSAABj.____

1964-Q1....
-Q2--- J
-Q3--- -|
-Q4--- .|

3413.
3490.
3609.
3746.

*****
319.
499.
583.

*****
*****
*****
*****

*****
9.3
14.3
16.1

****
****
****
****

1965-Q1--- .|
~Q2--- .|
*Q3--- .1
-Q4--- |
I
1966-Q1___ |
-Q2--- .|
-Q3--- .|
-Q4--- .|

3896.
4027.
4158.
4312.

637.
551.
549.
654.

483.
537549.
566.

17.0
14.1
13.6
15.7

14.2
15-4
15.2
15.1

4485.
4690.
4883.
4988.

735.
875.
822.
436.

589.
663.
725.
676.

17-0
19.5
17.5
8.9

15.1
16.5
17.4
15.7

1967-Q1--- .1
- Q2 . . ..|
-Q3--- .|
-Q4--- .|

5124.
5266.
5432.
5644.

566.
590.
696.
901.

639.
576.
549.
656.

11.4
11.5
13.2
16.6

14.2
12.3
11.2
13.1

1968-Q1___ .|
-Q2--- |
-Q3--- |
-Q4--- I

5807.
5933.
6045.
6162.

681.
518.
460.
482.

683.
667.
613.
517.

12.1
8.9
7.8
8.0

13.3
12.7
11-3
9.2

1969-Q1___
-Q2---Q3---Q4---

.|
.|
.|
.|

6333.
6515.
6655.
6749.

716.
759.
579.
384.

526.
582611.
588.

11.6
12.0
8.9
5.8

9.1
9.8
10.1
9.5

1970-Q1___
-Q2---Q3---Q4---

.|
.|
.|
,|

6850.
6954.
7080.
7221.

412.
427.
515.
584.

517.
439.
424.
472-

6.1
6.2
7.4
8-3

8.2
6.7
6.4
7.0

1971-Q1___
-Q2---Q3---Q4---

.|
.|
.|
.|
I
.|
.|
.|
.|

7366.
7540.
7743.
7953.

595.
722.
845.
874.

516585.
663.
731.

8.2
9-8
11.2
11.3

7.5
8.4
9.4
10.1

8160.
8386.
8722.
9131.

862.
941.
1429.
1751.

794.
846.
980.
1178.

10.8
11.5
17.0
20.1

10.8
11.2
12-7
14.8

9591.
10031.
10493.
10993.

1986.
1886.
1978.
2146.

1431.
1645.
1771.
1862.

21.7
19.7
19.7
20.5

17-5
19.6
20-3
20.4

11491.
12120.
12838.
13513.

2133.
27303138.
2921.

1900.
2089.
2345.
2521.

19.4
23.8
25.9
22.8

19-8
20.8
22.4
22-9

1420514865.
15473.
16083.

2985.
2833.
2582.
2591.

2714.
2745.
2635.
2570.

22.1
19-9
17.4
16.7

23-6
22.7
20.5
19.0

1976-Q1___
-Q2---Q3---Q4---

-|
.|
.|
.|
I
.|
.|
.|
.|
i
.|
.|
.|
.|
I
.|
.|
.|
.|

16724.
17312.
17935.
18608.

2721.
2477.
2628.
2851.

2520.
2447.
2462.
2525.

16.9
14.8
15.2
15.9

17.7
16.5
15.9
15.7

1977-Q1___
-Q2---Q3---Q4---

.|
.|
.|
.|

19355.
20074.
20831.
21577.

3173.
3040.
3202.
3146.

2631.
2762.
28962968-

17.1
15.7
16.0
15. 1

15-7
16.0
16-1
16.0

1978-Q1___
-Q2---Q3---Q4---

.|
.|
.|
.|

22253.
22987.
23890.
24775.

2837.
3082.
3834.
3741-

2898.
2912.
3059.
3199-

13-1
13.9
16.7
15.7

15.0
14.5
14.7
14.8

1979-Q1.... .|
-Q2--- .|
-Q3--- .|
-Q4--- .|

25889.
27083.
28382.
29857.

4765.
5117.
5583.
6375.

3636.
4097.
4492.
5082.

19.2
19.8
20.6
22.5

16-3
17-8
18.8
20.5

1980-Q1___
*Q2---Q3---Q4---

.|
.J
.|
-|

31652.
33455.
34808.
36212.

7852.
7851.
5750.
5968.

5763.
6371.
6425.
6355.

26.3
24.8
17.2
17. 1

22.3
23.5
22.6
21.3

1981-Q1___
-Q2--- .|

38089.
40005.

8112.
8262-

6437.
6551.

22.4
21.7

20.3
19-6

1972-Q1___
-Q2---Q3---Q4--1973-Q1___
-Q2---Q3---Q4--1974-Q1___
-Q2---Q3---Q4--1975-Q1___
-Q2---Q3---Q4---




NUMBER OF LOANS
1
1
1 PERCENTAGE CHANGE
1
FROM PREVIOUS
1
1
1 THOUSANDS!
1
1
TEAR
1 QUARTER
1
_L__________ L_ jSAARL...
I
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
J
1
1
1
1
1
I
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
i
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

379.6
379.2
380.1
381.7

*****
-0.4
0.9
1.8

****
****
****
****

382.7
383-4
384.1
385-4

1.0
0.7
0.8
1.3

0.8
1.1
1.1
0.9

386-4
388.7
390.9
390.5

1. 1
2.5
2.2
-0.4

1.0
1.4
1.8
1.3

391.9
393.1
394.4
396.6

1.5
1.1
1.4
2.2

1.4
1.1
0.9
1.6

398.0
398.5
398.7
399.2

1.5
0.5
0.2
0.5

1.6
1.4
1.1
0.7

400.9
402.8
403.5
403.3

1.7
1.9
0.7
-0.-2

0.7
1.1
1.2
1.0

403.9
404.0
404.5
404.9

0.6
0.1
0.4
0.4

0.8
0.3
0.2
0.4

405. 1
405.0
405.1
405,. 1

0.2
-0.1
0.1
0-1

0.3
0-2
0.1
0.1

405.6
405.8
406.6
408.1

0.4
0.2
0.8
1.4

0.1
0-2
0.4
0.7

409.5
411.1
412.8
415.2

1.4
1.6
1.6
2.3

1.0
1.3
1.5
1.7

416.5
420.8
425.5
429-6

1-3
4.1
4.6
4.0

1.7
2-3
3.1
3.5

434. 1
438.0
441.0
443.2

4.3
3.6
2.7
2-1

4.2
4.1
3.6
3.2

445.7
447.6
449.5
451.4

2.3
1.7
1.7
1.7

2.7
2.2
1-9
1.8

453.5
455.4
457.8
460.3

1-9
1.7
2.1
2.2

1.7
1-7
1.9
2.0

461.8
463.9
467.6
471.5

1.3
1.9
3.2
3.4

1.8
1.9
2.1
2.4

476.7
481.7
488.0
495.3

4.5
4.2
5.3
6.1

3.2
3.8
4.4
5.0

504.8
514.8
520.4
526.5

8.0
8.1
4.4
4.8

5.9
6-9
6.6
6.3

535.5
544.2

7.0
6.7

6.1
5.7

|
AVERAGE SIZE
1
PERCENTAGE
|
CHANGE
|
FROM
1 DOLLARS
PREVIOUS
1
TEAR
|
1_
i
I
I
I
I
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
I
1
1
1
1
1
!
1
1
1
1
I
1
1
1
!
1
J
1
1
1
1
1
1
1
1
1
1
I
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

8990.
9203.
9494.
9813.

****
****
****
****

10180.
1050510824.
11191.

13.2
14.1
14.0
14.0

1160912064.
12492.
12774.

14-0
14.8
15.4
14. 1

13074.
13397.
13771.
14232.

12.6
11.0
10.2
11.4

14590.
14886.
15160.
15433.

11.6
11.1
10.1
8.4

15798.
16176.
16496.
16737.

8.3
8.7
8.8
8.5

16960.
17212.
17504.
17835.

7.4
6.4
6.1
6.6

1818218616.
19115.
19630.

7.2
8.2
9.2
10.1

20120.
20664.
21450.
22375.

10.7
11-0
12.2
14.0

23419.
24400..
25421.
26478.

16.4
18.1
18.5
18.3

27588.
288C5.
30173.
31453.

17-8
18.1
18.7
18.8

32719.
33937.
35087.
36287.

18.6
17.8
16.3
15.4

37523.
38677.
39900.
41227.

14.7
14.0
13.7
13.6

42682.
44077.
4549946875.

13.7
14.0
14.0
13.7

48192.
49551.
51092.
52542.

12.9
12.4
12-3
12.1

54308.
56227.
58165.
60285.

12.7
13.5
13.8
14.7

62698,.
64987.
66390,.
68782.

15.4
15.6
15.0
14.1

71134.
73512,.

13.5
13.1

19
TABLE 222.1Q
F E D E R A L L AN D B A N K S
LOANS C L O S E D

AMOUNT
1
l_
MILLIONS OF DOLLARS
|
1
QUAETER
|
1 CLOSED | CHANGE FROM PREVIOUSI
IN
| ...
|
YEAR
1
1 QUARTER 1 QUARTER
1
******
******
1964-Q1.... J * * * * * *
******
******
-Q2.... | * * * * * *
******
******
-Q3.... I * * * * * *
******
******
-Q4.... | * * * * * *

NUMBER OF LOANS
PERCENTAGE CHANGE
FROM PREVIOUS
QUARTER

YEAR

I
I
THOUSANDS|
1
1

PERCENTAGE CHANGE
FROM PREVIOUS
QUARTER

YEAR

*****
*****
*****
*****

*****
*****
*****
♦****

14- 5
13.7
12. 0
14-6

*****

-12.0
21-1

*•»* * *
*****
*****
*****

-5 .7

1965-Q1.... |
-Q2.... I
-Q3.... |
-Q4.... |

******
******
******
******

******
******
******
******

******
******
******
******

*****
*****
*****
*****

*****
*****
*****
*****

16.6
15.8
12.2
13.9

13-6
-4.8
-22.6
13.8

14.3
15-3
1.4
-4.6

1966-Q1.... |
-Q2.... I
-Q3.... |
-Q4.... |

******
******
******
******

******
******
******
******

******
******
******
******

*****
*****
*****
*****

*****
*****
*****
*****

16.8
16.9
12.3
8-0

20.7
1.0
-27.7
-34.5

1.3
7.5
0,-4
-42.2

1967-Q1.... J
-Q2.... |
-Q3.... |
-Q4.... |

******
******
******
******

******
******
******
* t****

******
******
******
******

*****
*****
*****
*****

*****
*****
*****
*****

12.2
13.0
10.4
12.8

52.2
6.8
-19.9
22.4

-27. 1
-23.0
-14.7
59.2

1968-Q1.... |
-Q2.... I
-Q3.... |
-Q4.... 1

******
******
******
******

******
******
******
******

******
******
******
******

*****
*****
*****
*****

*****
*****
*****
*****

12.6
11.2
7.6
9.4

-1.4
-11.2
-31.7
23. 1

3. 1
-14,-2
-26.9
-26.4

1969-Q1.... |
-Q2---- I
-Q3.... I
-Q4.... |

******
******
******
******

******
******
******

******
******
******

******

******

*****
*****
*****
*****

*****
*****
*****
*****

12. 1
12.0
7.3
7.0

28.8
-0.8
-39.7
-3.5

-3-9
7.4
-5. 1
-25.6

272.
270.
214.
261.

******

******
******
******
******

*****

-0.8
-20-6
21.7

*****
*****
*****
*****

8.9
8.1
6.8
8.4

27.5
-8.7
-16.8
23.2

-26.3
-32-2
-6*5
19,4

379.
428.
357.
391.

118.
49.
-71.
34.

107158.
143,.
130-

45-3
13.0
-16.5
9.5

39.3
58-5
66.8
50.0

10.4
11.4
9.3
10.0

24.5
9.6
-18.9
8.3

16,5
39.9
36.4
19-9

503.
520.
557.
658.

112.
1738.
100.

124.
92200.
267.

28-6
3.3
7.3
18.0

32.8
21.5
56.0
68.2

12.6
12.7
11.8
13.3

25.6
0.6
-6.7
12.9

20.9
11.0
27.6
33.0

1970-Q1.... |
-Q2.... |
-Q3.... I
-Q4.... 1
I
1971-Q1.... |
-Q2.... |
-Q3.... 1
-Q4.... 1
1
1972-Q1____ |
- 0 2 .... |
-Q3.... |
-Q4.... 1

- 2 .

-56.
46.

1973-Q1.... |
-Q2.--- 1
-Q3.... |
“Q4.... 1
1
1974-Q1____ |
-Q2.... |
-Q3.... |
-Q4.... I
l
1975-Q1.... |
-Q2.... I
-Q3.... |
-Q4-- - - |

861.
835.
719.
754.

203,
-26.
-116.
35.

358.
316.
161.
96.

30.9
-3.0
-13.9
4.9

71. 1
60.7
29.9
14.6

15.6
16.0
12.9
13.4

17.4
2.1
-19.3
3.7

24.3
26.1
9-2
0.3

931.
1045.
1007.
957.

177.
114.
-38.
-50.

70.
210.
288.
203.

23.5
12.2
-3.7
-4.9

8.1
25.1
40. 1
26-9

15.2
16.8
15.7
14.7

13.6
10.9
-6.5
-6.8

-2.9
5.5

1184.
1148.
930.
957.

227.
-36.
-218.
27.

253.
103.
-77.
-1.

23.7
-3.0
-19.0

27-2
9.9
-7.6
-0.1

16.4
16.0
13.1
13.1

11.7
-2.6
-18.3
0-6

8.1
-5.1
-17.1
-10.5

1976-Q1____ |
-Q2.... |
-Q3.... 1
-Q4 ................|

12671205.
1011.
1102.

311.
-62.
-194.
91.

83.
57.
81.
145.

32.5
-4.9
-16- 1
9.0

7.0
4.9
8.7
15.2

15.7
15.4
13.0
13.6

19.3
-1.5
-15.8
4-8

-4.5
-3.4
-0.5
3.6

1977-Q1.... |
-Q2 ................ |
-Q3.... |
-Q4.... |
I
1978-Q1.... |
-Q2.... |
-Q3------------ |
-Q4 ................|

1572.
1546.
1275.
1226.

470.
-27.
-271.
-48.

305.
340.
264.
125.

42.7
-1.7
-17.5
-3.8

24.0
28.3
26.1
11.3

16.4
17.3
14.0
14.2

20.9
5.2
-18.8
1.1

5.0
12-1
8.2

1555.
1623.
1397.
1439.

328.
68.
-22542.

-18.
77.
123.
213.

26.8
-13.9
3.0

-1.1
5.0
9.6
17.3

15.3
16.7
14.8
15.5

7.8
8.9
-11.0
4.8

-6-9
-3.6
5.6
9.4

1979-Q1.... |
~Q2.... |
-Q3................|
-Q4.... 1
1
1980—Ql.... |
-Q2.... |
-Q3................|
-Q4................|
I
1981-Q1................|
-Q2 ................I

2064.
2271.
1874.
2183-

625.
207.
-397.
309.

509.
648.
476.
743.

43. 4
10.0
-17.5
16.5

32.8
40.0
34. 1
51.6

18. 1
19-7
17.8
18.7

16.3
9.0
-9.7
5-4

18.1
18.2
20.0
20.6

2901.
2942.
1827.
1950.

718.
41.
-1115.
123.

837.
671.
-47.
-233.

32.9
1.4
-37.9
6.7

40.5
29.6
-2-5
-10.7

21.8
22.9
14.6
16.1

16.5
5.1
-36.6
10.4

20,8
16,5
-18.2
-14.3

3080.
3234.

1130.
154.

179.
292.

58.0
5.0

6,. 2

20.9
22-3

30.3
6.4

-4.1
-2.9

_

__________ L




2. 9

4 .4

9-9

2 2 .2

9,-8

4 .4

1
1
1
1
1
|
1
i

1
I
1
1
i
i
i
i
i
i
i
i
i
4
1
1
1
i
1
1
1
1
1
t
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
l
1
i
1
1
1
1
1
1
1

1
1
1
1
1
1
1
1
1
1
1
1
1

1
1
1
1
1
1
1
1
1
1
1
_ _ L

AVERAGE SIZE

DOLLARS

PERCENTAGE
CHANGE
FROM
PREVIOUS
YEAR

*******
*******
*******
*******

****
****
****
****

*******
*******
*******
*******

****
****
****
****

*******
*******
*******
*******

****
****
****
****

*******
*******
*******
*******

****
****
****
****

*******
*******
*******
*******

****
****
****
****

*******
*******
*******
*******

****
****
****
****

30479.
33129,
31594.
31202.

****
****
****
****

36424.
37526.
38631.
39060-

19.5
13.3
22.3
25-2

40007.
41078.
47242.
49404.

9.8
9.5
22-3
26-5

55084.
52353,
55804.
56432.

37.7
27.4
18.1
14.2

61356.
62078.
63963.
65227.

11-4
18.6
14.6
15.6

72221.
71903.
71237.
72849.

17.7
15.8
11.4
11.7

80930.
78100.
77831.
80952.

12.1
8.6
9.3
11-1

95572.
89337.
90742.
86310-

18.1
14.4
16.6
6.6

101522.
97320.
9419992597.

6.2
8.9
3.8
7.3

114174.
115259.
105295116407.

12.5
18.4
11.8
25.7

132832.
128228.
125480.
121303.

16.3
11.3
19.2
4.2

147060.
145193.

10.7
13.2

20
TABLE 222.2Q

QUARTER

1964-Q1___
-Q2---Q3---Q4--1965-Q1___
-Q2---Q3---Q4--1966-Q1___
-Q2---Q3---Q4---

FEDERAL LAND BANKS
LOANS CLOSED
SEASONALLY-ADJUSTED ANNUAL RATE

AMOUNT
I
I
|
MILLIONS OF DOLLARS
I
.
- _ ...
| CLOSED | CHANGE FROM PREVIOUS
1
IN
I
1 QUARTER 1 QUARTER
YEAR
1
******
******
. | ******
******
******
.j ******
******
******
.j ******
| ******
******
******
1
_ j ******
******
******
******
.J ******
******
******
. | ******
******
| ******
******
******
1
******
******
.| ******
******
******
.J ******
. | ******
******
******
| ******
******
******
J

1967-Q1___ .|
-Q2--- .J
-Q3--- .|
-Q4--- |
1
1968-Q1___ j
-Q2--- .|
-Q3--- .|
-Q4--- j
1
1969-Q1___ .|
-Q2--- .J
-Q3--- .|
-Q4--- |
1
1970-Q1___ .|
-Q2--- -|
-Q3--- .|
-Q4--- .|
I
1971-Q1___ .|
-Q2--- .|
-Q3--- .|
-Q4--- .|

AVERAGE SIZE

NUMBER OF LOANS
PERCENTAGE CHANGE
FROM PREVIOUS
THOUSANDSI
QUARTER

DOLLARS

PERCENTAGE
CHANGE
FROM
PREVIOUS
YEAR

PERCENTAGE CHANGE
FROM PREVIOUS

YEAR

QUARTER

YEAR

*****
*****
*****
*****

*****
*****
*****
*****

52.5
49.4
56.0
62.8

*****
-6.0
13.4
12.2

*****
*****
*****
*****

*******
*******
*******
*******

****
****
****
****

*****
*****
*****
*****

*****
*****
*****
*****

60.0
56.8
57.1
59.8

-4.5
-5.3
0.5
4.7

14.2
15. 1
2-0
-4. 8

*******
*******
*******
*******

****
****
****
****

*****
*****
*****
*****

*****
*****
*****
*****

60.4
61.0
57.8
34.4

1.0
1.0
-5.3
-40.5

0.7
7-4
1.2
-42.5

*******
*******
*******
*******

****
****
****
****

******
******
******
******

******
******
******
******

******
******
******
******

*****
*****
*****
*****

*****
*****
*****
*****

43.7
47.1
49.7
54.8

26.8
7.9
5.6
10.1

-27-8
-22,-8
-14.0
59.1

*******
*******
*******
*******

♦ ***
****
****
****

******
******
******
******

******
******
******
******

******
******
******
******

*****
*****
*****
*****

*****
*****
*****
*****

45.3
40.4
36.5
40. 1

-17.3
-10.8
-9.5
9.7

3.7
-14.3
-26.5
-26.8

*******
*******
*******
*******

****
****
****
****

******
******
******
******

******
******
******
******

******
******
******
******

*****
*****
*****
*****

*****
*****
*****
*****

43.0
43.8
34.5
29.6

7.4
1.7
-21.3
-14.0

-4.9
8.4
-5.7
-26-1

*******
*******
*******
*******

****
****
****
****

981.
994972.
1132.

******
14.
-22.
160.

******
******
******
******

*****
1.4
-2.3
16.5

*****
*****
*****
*****

31.9
29.9
31.9
35.3

7.6
-6.2
6.5
10.9

-25.9
-31.6
-7.5
19.2

30744.
33216.
30481,.
32024.

****
****
****
****

1352.
1578.
1612.
1708.

220.
226.
34.
96.

371.
584.
640.
576.

19.4
16.7
2.2
5.9

37.9
58.7
65.9
50.9

37.2
42.2
42.4
42.5

5.3
13.4
0.5
0.2

16.7
41.0
33.0
20.2

36333.
37385.
38014.
40193.

18.2
12-5
24.7
25.5

1972-Q1___
-Q2---Q3---Q4---

.|
.|
.|
.|

1811.
1917.
2508.
2878.

103.
106.
591.
370.

459.
339.
896.
1170.

6.0
5.9
30.8
14.8

33-9
21-5
55.6
68.5

45-9
46.8
52.9
56.7

8.0
2.0
12.9
7.2

23.3
11.0
24.7
33.5

39450.
40930.
47428.
50754.

8.6
9.5
24.8
26-3

1973-Q1___
-Q2---Q3---Q4---

.|
.|
.|
.|

3106.
3079.
3209.
3330.

228.
-27.
131.
121.

1296.
1162702.
452.

7.9
-0.9
4.2
3.8

71.6
60.6
28.0
15.7

57.9
59.2
56.3
57.2

2.1
2.3
-4.8
1.6

26.1
26.4
6.6
0.9

53678.
52017,.
56963.
58197.

36. 1
27. 1
20.1
14.7

1974-Q1___
-Q2---Q3---Q4---

.J
.|
.|
.|

3362.
3845,.
4475.
4234.

32.
483.
630.
-241.

256.
766.
1265.
903.

1.0
14.4
16.4
-5.4

8.2
24.9
39.4
27.1

57.1
62.3
68.2
62.7

-0.2
9.0
9.6
-8.1

-1-3
5.2
21.1
9.6

58858.
61730.
65567.
67487-

9.6
18.7
15.1
16.0

.|
.|
.|
.|
1
1976-Q1___ .|
-Q2--- . |
-Q3---Q4--- .|

4300.
4203.
4145.
4234.

66.
-97.
-57.
89.

938.
358.
-330.
1.

1.6
-2.3
-1.4
2. 1

27.9
9.3
-7.4
0.0

62.5
59.0
56.5
56.0

-0.4
-5.6
-4.2
-0.8

9.4
-5.3
-17.2
-10.7

68826.
71250.
73387.
75552.

16.9
15-4
11.9
12.0

4559.
4384.
4525.
4883.

325.
-176.
142.
358.

259.
181.
380.
649.

7.7
-3.9
3.2
7.9

6.0
4.3
9-2
15.3

59.3
56.8
56.1
58.0

5.8
-4. 1
-1.3
3.4

-5.1
-3-6
-0.6
3.6

76896.
77126.
80633.
84150.

11.7
8.2
9.9
11.4

1977-Q1___
-Q2---Q3---Q4---

.|
.|
.1
.|

5641.
55885715.
5476.

758.
-53.
127.
-238.

1082.
1204.
1189.
593.

15.5
-0-9
2.3
-4.2

23.7
27.5
26.3
12.1

62.4
63.5
60.9
60.7

7.5
1.8
-4.2
-0.3

5.2
11.8
8.5
4.6

90443.
87962.
93888.
90220.

17.6
14.0
16.4
7.2

1978-Q1___ .|
-Q2--- .|
-Q3---Q4--- .|

5617.
5844.
6327.
6457.

141.
226.
484.
130.

-24.
256.
613.
981.

2.6
4.0
8.3
2.1

-0.4
4.6
10.7
17.9

58.4
61.0
64.5
66.4

-3.8
4.5
5.8
2.9

-6.4
-4.0
6.0
9.3

96243.
95826.
98072.
97306.

6.4
8.9
4.5
7.9

1979-Q1___
-Q2---Q3---Q4---

.|
.|
.|
.|

7452.
8160.
8448.
9746.

995.
707.
288.
1298.

1835.
2316.
2120.
3289.

15.4
9.5
3.5
15.4

32.7
39.6
33.5
50.9

68.8
72.0
77.4
79.9

3.7
4.7
7.4
3.2

17-9
18.1
19.9
20.4

108284.
113286.
109169.
422007.

12.5
18.2
11.3
25.4

1980-Q1___
-Q2---Q3---Q4---

.|
.|
.|
.|

10571.
10544.
8248.
8661.

825.
-27.
-2296.
413.

3119.
2384.
-200.
-1086.

8.5
-0.3
-21.8
5.0

41.8
29.2
-2.4
-11.1

83.5
84.3
63.7
68.4

4.6
0.9
-24.4
7.3

21.4
17.0
-17.6
-14.4

126541.
125095.
129400.
126670.

16.9
10.4
18.5
3.8

1981-Q1___
-Q2--- .|
1

11189.
11612.

2528.
424.

618.
1069.

29.2
3-8

5.8
10.1

79.6
81.7

16.4
2.7

-4.7
-3.1

140578.
142117.

11.1
13.6

1975-Q1---Q2---Q3---Q4---




21
TABLE 222.3Q
FEDERAL LAID BARKS
LOAIS CLOSED
FOUR-QUARTER HOTIMG TOTAL

AHOUNT
l_
|
|
1
1
i.
1
1964-Q1.... |
-Q2.... I
-Q3---- |
-Q4.... I

YEAS
ENDING—

BILLIONS OF DOLLARS

NUHBER OF LOANS
|

END OF | CHANGE FROM PRETIOOS|
QUARTER 1
i
1 QUARTER
YEAR
1

PERCENTAGE CHARGE
FROH PRETIOUS

ATERAGE SIZE

PERCENTAGE CHANGE
FROH PREVIOOS
THOUSANDS|

QUARTER

YEAR

QUARTER

DOLLARS

PERCENTAGE
CHANGE
FROH
PREVIOUS
YEAR

YEAR

******
******
******
******

*****
*****
*****
*****

*****
*****
*****
*****

*****
*****
*****
*****

*****
*****
*****
*****

*****
*****
*****
54.8

*****
*****
*****
*****

*****
*****
*****
*****

*******
*******
*******
*******

**•*
****
****
****

1965-Q1.... j
-Q2.... J
-Q3.... I
-Q4.... 1

******
******
******
******

*****
*****
*****
*****

*****
*****
*****
*****

*****
*****
*****
*****

*****
*****
*****
*****

56.8
58.9
59.1
58.4

3.8
3.7
0.3
-1. 1

*****
*****
*****
6.7

*******
*******
*******
*******

**•*
♦***
****
****

1966-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... 1

******
******
******
******

*****
*****
*****
*****

*****
*****
*****
*****

*****
*****
*****
*****

*****
*****
*****
*****

58.6
59.8
59.8
54.0

0.4
2.0
0.1
-9.8

3.2
1.5
1.3
-7,6

*******
*******
*******
*******

****
****
***•
••**

1967-Q1.... |
-Q2.... 1
-Q3.... |
-Q4.... 1

******
******
******
******

*****
*****
*****
*****

*****
*****
*****
*****

*****
*****
*****
*****

*****
*****
*****
*****

49.4
45.5
43.7
48.5

-8.4
-7.9
-4.0
10.9

-15.7
-23.8
-26.9
-10.2

*******
*******
*******
*******

****
****
****
****

1968-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... |

******
******
******
******

*****
*****
*****
*****

*****
*****
*****
*****

*****
*****
*****
*****

*****
*****
*****
*****

48.9
47.0
44.2
40.8

0.8
-3.8
-6.0
-7.6

-1.1
3.2
1.1
-15.8

*******
*******
*******

****
****
****
***•

1969-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... |

******
******
******
******

*****
*****
*****
*****

*****
*****
*****
*****

*****
*****
*****
*****

*****
*****
*****
*****

40.3
41.2
40.8
38.4

-1.2
2.0
-0.9
-5.9

-17.5
-12.5
-7.8
-6.0

*******
*******
*******

****
****
****
**•*

1970-Q1.... |
-Q2.... j
-Q3.... |
-Q4.... |

******
******
1017.

*****
*****
*****
*****

*****
*****
*****
*****

*****
*****
*****
*****

*****
*****
*****
*****

35.2
31.3
30.8
32.2

-8.3
-11.0
-1.5
4.4

-12-8
-23.9
-24.3
-16.1

*******
*******
*******
31571.

****
****
****
****

1971-Q1.... |
-Q2.... 1
-Q3.... 1
-Q4.... |

1124.
1282.
1425.
1555.

107.
158.
143.
130.

*****
*****
*****
538.

10.5
14.1
11.2
9.2

*****
*****
*****
52.9

33.7
36.9
39.4
41.1

4.6
9.7
6.7
4.2

-4.3
17.9
27.7
27.5

33359.
34696.
36154.
37870.

***•
*•**
****
20.0

1972-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... I

1679.
1771.
1971.
2238.

124.
92.
200.
267.

556.
490.
547.
683.

8.0
5.5
11.3
13.5

49,5
38.2
38.4
43.9

43.2
44.5
47.0
50.3

5.3
2.9
5.7
7.0

28.4
20.5
19.4
22.6

38839.
39812.
41908.
44458.

16.4
14.7
15.9
17.4

1973-Q1|
-Q2.... |
-Q3.... |
-Q4.... |

2596.
2912.
3073.
3169.

358.
316.
161.
96.

916.
1140.
1102.
931.

16. 0
12.2
5.5
3.1

54.6
64.4
55.9
41.6

53.4
56.7
57.8
57.8

6.1
6.2
1.9
0.1

23.5
27.4
22.8
14.9

48616.
51350.
53181.
54802.

25.2
29.0
26.9
23.3

1974-Q1.... |
-Q2.... |
-Q3.... I
-Q4 .--- 1

3239.
3449.
3737.
3940.

70.
210.
288.
203.

643.
537.
664.
771.

2.2
6.5
8.3
5.4

24.8
18-5
21.6
24.3

57.4
58.3
61.1
62.4

-0.8
1.5
4.9
2.1

7.4
2.7
5.8
7.9

56459.
59207.
61150.
63118.

16.1
15.3
15.0
15.2

1975-Q1.... |
-Q2.... |
-Q3.--- 1
-Q4.... |
i
1976-Q1.... |
-Q2.... |
-Q3.... 1
-Q4.... 1

4193.
4297.
4220.
4219.

253.
103.
-77.
“1.

954.
848.
483279.

6.4
2.5
-1.8
-0.0

29.5
24.6
12.9
7.1

63.6
62.8
60.1
58.6

2.0
-1.4
-4.3
-2.6

10.9
7.8
-1.7
-6.2

65883.
68435.
70215.
72056.

16.7
15.6
14.8
14.2

4302.
4359.
4440.
4585.

83.

109.
62.
220.
366.

2.0
1.3
1.9
3.3

2.6
1.4
5.2
8.7

57.8
57.3
57.2
57.7

-1.3
-0.9
-0.1
0.8

-9.2

81.
145.

-4.8
-1.5

74412.
76105.
77608.
79480.

12.9
11.2
10,5
10.3

1977-Q1.... |
-Q2.... |
-Q3.... 1
-Q4.... |

4890.
5231.
5494.
5619.

305.
340.
264.
125.

588.
871.
1054.
1034.

6.6
7.0
5-0
2.3

13.7
20.0
23.7
22.5

58.5
60.4
61.4
62.0

1.4
3.2
1.8
1.0

1.1
5.4
7.3
7.5

83619.
86669.
89470.
90616.

12.4
13.9
15.3
14,0

1978-Q1---- |
-Q2.... |
-Q3.... |
-Q4.... I

5602.
5678.
5801.
6014.

“18.
77.
123.
213.

711.
448.
307.
395.

-0.3
1.4

60.9
60.2
61.0
62.4

-1.8
-1.0
1.3

4.1
-0.2
-0.6
0.6

92020.
94257.
95052.
96432.

10.0

3.7

14.5
8.6
5.6
7.0

1979-Q1.... |
- Q 2 .... |
-Q3.... |
-Q4.... |
f
1980-Q1.... |
-Q2.....|
-Q3.... |
-Q4---- |

6523.
7171.
7648.
8391.

509.
648.
476.
743.

922.
1493.
1847.
2377.

8.5
9.9
6.6
9.7

16.5
26.3
31-8
39.5

65. 1
68.2
71.1
74.3

4.7
4.3
4.5

7.0
13.1
16.5
19.2

100160.
105219107537.
112899.

11.6
13.1
17.1

9228.
9899.
9852.
9619.

837.
671.
-47.
-233-

2705.
27282204.
1228.

10.0
7.3
-0.5
-2.4

41.5
38.0
28.8
14.6

78.1
81.3
78.1
75.4

5-1
4.2
-4.0
-3.4

19.9
19.3
9.8
1.5

118179.
121721.
126165.
127555.

18.0
15.7
17.3
13.0

1981-Q1.... |
-Q2.... 1
____________ L

979810090.

179.
292..

570.
191.

1.9
3.0

6.2
1.9

74.5
73.8

-1.2
-0.9

-4.6
-9.2

131490.
136637.

11,3
12.3




57.

2 .2

2 .2
4 .4

- 8 .8

8 .8

6.2
6.4
8 ,8

22
TABLE 223.IQ
FIOBBAL LAIB BABAS
LOA1S CLOSED AID VEB HOBEI LOAHBD
LOAIS CLOSED

1
1
QUARTER

| MILLIONS |
1
OF
|
|
DOLLARS |
1
1

1

1 9 6 4 - Q 1 ____
- Q 2 ---- Q 3 ---- Q 4 ----

.|
.|
.|
.|

1

1 9 6 5 - Q 1 ____ . |
- Q 2 ---- . |
- Q 3 ---- . |
- Q 4 ---- |

1 9 6 6 - Q 1 ---- . |
- Q 2 ---- . |
- Q 3 ---- . |
- Q 4 ---- |

******
******
******

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

|
I

QUARTER

I

BEB HOIEI L O A I B D
AS P E R CENTAGE OF

1 LOANS OUT­
TEAR

S TANDING*

REPAYBENTS

I HILLI O N S
OF
| DOLLARS
1

|
|

__________L
AS P E R C E I T A 6 E OF

1 LOA I S O U T ­
QUARTER

YEAR

i

STAN D I N G *

REPAY—
REITS

*****
-5.6
-6.8
18.3

*****
*****
*****

****
5. 1
4.6
5.3

*****
2 74.
283.
205.

260.
237.
176.
214.

36.7
-9.0
-25-7
21-7

42.3
37.2
9.3
12-4

7.0
6. 1
4.3
5. 1

295.
342.
282.
204.

j
|

300.
316.
238.
158.

40.3
5.3
-24.7
-33.8

15.4
33.6
35.3
-26.4

7.0
7. 1
5.0
3.2

292.
455.
381.
157.

|
|
|
|

248.
259.
214.
277.

57.2
4.6
-17.6
29.7

-17.5
-18.0
-10.3
75.9

5.0
5.1
4.0
5.1

265.
384.
319.
234.

|
j
j
|

296.
253.
163.
190.

6.7
- 14.3
-35.6
16.7

19.4
-2.2
-23.7
-31.3

5.3
4.4
2.7
3. 1

267.
343.
227.
148.

63.5
-39.3
-16.3

5.2
26.0
18.8
-14.7

5. 1
5. 1
3.0
2.4

261.
396.
264.
129.

*****
*****

*****
*****

*****
*****

****
****
****
**•*

*****
*****
*****

*****

|
|

******
******
******

*****
*****
*****
*****

*****
*****
*****
*****

****
****
****
****

*****
*****

j
j

*****
*****

|
|

******
******
******

*****
*****
*****

*****
*****
*****

****
****
****

*****
*****
*****

|
|

******

PERCEITAG] B CH A R G E
PR OH PR]BVIOUS

183.
173.
161.
190.

*****
*****

******

|
|
|
i

|
|

*****

******

*****

*****

****

*****

******
******
******
******

*****
*****
*****
*****

*****
*****
*****
*****

****
*4 **
****
****

*****

******
******
******
******

*****
*****
*****
*****

*****
*****
*****
*****

****
*****
****
****

*****

1 9 69-Q1 ____ . |
- Q 2 ---- . |
- Q 3 ---- . |
- Q 4 ---- |

******
******
******
******

*****
*****
*****
*****

*****
*****
*****
*****

****
****
****
****

*****
*****
*****
*****

|

|

311.
319.
194.
162.

1 9 7 0 - Q 1 ____ .1
- Q 2 ---- .|
- Q 3 ---- .|
- Q 4 ---- .|

272.
270.
214.
261.

*****
-0.8
-20.6
21.7

*****
*****
*****
*****

4. 1
4.0
3. 1
3.7

235.
360.
279.
200.

|
|
|
|

235.
236.
184.
215.

45.0
0.4
-22.1
17.0

-24.4
-26.0
-5.0
32.7

3.5
3.5
3. 0

203.
315.
240.
165.

1 9 71-Q1 ____ .|
- Q 2 ---- . I
- Q 3 ---- .|
- Q 4 ---- •I

379.
428.
357.
391.

45.3
13.0
-16.5
9.5

39.3
58.5

5.3
5.8
4.7
5.0

276.
422.
357.
245.

|
|
|
1

298.
333.
288.
310.

38.2
- 13.7
7.9

26.5
41.2
56-4
44.1

4. 1
4.5
3.8
4.0

217.
329.
288.
194.

1 9 7 2 - Q 1 ---- Q 2 ---- Q 3 ---- Q 4 ----

.|
.|
.J
.|

503.
520.
557.
658.

28.6
3.3
7.3
18.0

32.8
21-5
56.0

6.4
6.4
7.5

|
|
|
|

404.
422.
445.
525.

30.1
4.5
5.3
18.1

35.7
26.6
54.5
69.2

5.1
5.2
5.3

68.2

277.
383.
459.
361.

222 .
311.
366.
288.

1 9 7 3 - Q 1 ____
- Q 2 ---- Q 3 ---- Q 4 ----

.|
.|
.1
.|

861.
835.
719.
754.

30.9
-3.0
-13.9
4.9

71.1
60.7
29.0
14.6

9.5
8-7
7.1
7.2

365.
476.
474.
342.

|
f
|
|

712.
685.
599.
643.

35.5
-3.7
- 1 2.6
7.3

76.2
62.3
34.8
22.4

7.8
7.2
5.9

1 9 7 4 - Q 1 ____
- Q 2 ---- Q 3 ---- Q 4 ----

.|
.1
•|
.1

931.
10451007.
957.

23.5

8.1

12.2

25.1
40.1
26.9

337.
594.
652.
428.

|
|
|
|

796.
886.
855.
803.

23.8

-3.7
- 4.9

8.5
9. 1
8.3
7.4

-3.5
- 6.0

11.9
29.2
42.6
24.9

7.3
7.7
7.0

6.2

288.
504.
553.
359.

1 9 75-Q1 ____ .|
- Q 2 ---- .|
- Q 3 ---- -|
- Q 4 ---- .|

1184.
1148.
930.
957.

23.7
-3.0
-19.0
2.9

27.2
9.9
-7.6
-0.1

8.8
8.1
6.2
6.2

444.
613.
516.
335.

|
|
|
|

990.
946.
760.
782.

23.2
- 4.4
-19*7
2.9

24.3
6.9
-11.1
-2.7

7.4
6.7
5.1
5.0

371.
505.
422.
274.

1 9 7 6 - Q 1 ____
- Q 2 ---- Q 3 ---- Q 4 ----

.|
.|
.|
.|

1267.
1205.
1011.
1102.

32.5
-4.9
-16. 1
9.0

7.0
4.9
8.7
15-2

7.9
7.2
5.8
6. 1

350.
459.
438.
334.

|
|
|
|

1048.
966.
810.
872.

34.1
- 7.9
-16.2
7.7

5.9

2.0
6.6

6.5
5.8
4.7
4.8

289.
368.
351.
264.

1 9 77-Q1____
- Q 2 ---- Q 3 ---- Q 4 ----

.|
.|
.|
.|

1572.
1546.
1275.
1226.

42.7
-1.7
- 17.5
-3.8

24.0
28.3
26.1
11.3

8.5

336.
444..
428.
338.

|
|
|
|

1274.
1208.
981.
955.

46.1
-5.2
-18.8
-2.6

6.9

9.6

4.9
4.6

273.
347.
330.
263.

1 9 7 8 - Q 1 ____ .|
- Q 2 ---- . I
- Q 3 ---- Q 4 ---- .|

1555.
1623.
1397.
1439.

26.8
4.4
-13.9
3.0

-1.1
5.0
9.6
17.3

327.
433.
481.
347.

|
|
|
|

1244.
1272.
1098.
1145.

30.2
2.3
-13 . 6
4.2

-2.4
5.3
11.9
19.8

5.8
5.7
4.7
4.8

261.
339.
378.
276.

1 9 79-Q1 ____
- Q 2 ---- Q 3 ---- Q 4 ----

.|
.J
.|
.|

2064.
2271.
1874.
2183.

43.4

32-8
40.0
34.1
51.6

|
|
|
|

1681.
1795.
1485.
1717.

-17.3
15.6

35.2
41.1
35.2
50.0

6.8

6.9
7.7

414.
590.
593.
517.

46.9

-17.5
16.5

6.0

337.
467.
470.
407.

198 0 - Q 1 ____
- Q 2 ---- Q 3 ---- Q 4 ----

.|
.|
-t
.|

2901.
2942.
1827.
1950.

32.9
1.4
-37.9
6.7

40.5
29.6
- 2.5
-10 . 7

9.8
9.3
5.4
5.6

568.
945.
594.
480.

|
|
|
|

2389.
2389.
1479.
1586.

-38.1
7.2

42.1
33.1
- 0.4
-7.7

7.6
4.4
4.5

468.
768.
481.
391.

1 9 8 1 - Q 1 ____ . |
- Q 2 ---- .|

3080.
3234.

58.0
5.0

6.2

8.5
8.5

611.
870.

f
|

2502.
2622.

57.8
4.8

4.7
9.8

6.9
6.9

496.
706.

1

1 9 6 7 - Q 1 ____ . |
- Q 2 ---- . |
- Q 3 ---- . |
- Q 4 ---- |

1

196 8 - Q 1 ____ . |
- Q 2 ---- . |
" Q 3 ---- . |
- Q 4 ---- |

1

10.0

66.8
50.0

9.9

-1
* LOADS ODTSTANDIHG AT EHD OF PBECEDIBG QUABTBR.




6.6

8.0
6.3
5.9
7.2
7.3

6.0
6.0
8.4

8.8

*****
*****
*****
*****

*****
*****

|
|

2.6

12.0

11.2

6.8

39.1

0.0

11.5
21.5
25.0

21.2

2.6

6.0

6.1

6.2

6.9
5.4

8.0

302.
391.
395.
291.

23
TABLE 223.2Q
FEDERAL LAND BANKS
LOANS CLOSED AND NEH HONE! LOANED
SEASONALLY-ADJUSTED ANNUAL RATE
1
Q U ARTER

LOA N S C L O S E D

1_____
| BILLI O N S
1
OF
|
DOLL A R S
1
1

NEN BONEY L O A N E D

| PERCENTAGE CHANGE
|
AS P E R C E N T A G E OF
FR O M PR E Y I O U S
|
|
|
LOANS OUT­
REP A Y ­
STANDING*
T~1
MENTS
1“ I q UA R T E R " YEAR

B I LLIONS
OF
D O LLARS

|
|
|

P E R C E N T A G E CH A N G E
FROM P R E V I O U S

1

QU A R T E R

| L O ANS OUT1 S T A N DING*

YEAR

|

AS P E R C E N T A G E OF
REPAY­
MENTS

1 9 6 4 - Q 1 ____ |
- Q 2 ---- . j
- Q 3 ---- . j
- Q 4 ---- ]

******
******
******
******

*****
*****
*****
*** * *

*****
*****
*****
*****

****
****
****
****

*****
*****
*****
*****

629.
613.
761.
892.

*****
-2.7
24.3
17.2

* ****
*****
*****
*****

****
18.
22.
25-

*****
201.
265261.

1965-Q1____ . |
- Q 2 ---- . j
- Q 3 ---- . |
- Q 4 ----

******
******
******

*****
*****
*****
*****

***♦
****
****
****

*****
*****
*****
*****

891.
836.
836.
1006.

-0.1
-6.2

******

*****
* ****
*** * *
*****

41.6
36.4
9.8
12.7

24.
21.
21.
24.

306268.
267260.

.|
.|
.2
,j

******
* * ****
******
******

* ****
*****
*****
*****

*****
* * ***
*****
*****

♦♦♦*
****
****
*♦**

*****
*****
*****
*****

1019.
1118.
1138.
737.

1.4
9.7

14.4
33.8
36.1
-26.7

24.
25.
2415.

311.
372.
312.
234.

1967-Q1.... . i
- Q 2 ---- .2
- Q 3 ---- Q 4 ----

******
******
******

******

*****
*****
*****
* ****

*****
*****
*** *■*
*****

♦***
****
**♦*
****

*****
*****
*****
*****

839.
912.
1026.
1296.

-17.6
- 18.4
-9.8
75-8

17.
1819.
24.

284.
264284.
290.

1 9 68-Q1____ a |
- Q 2 ---- . j
-Q3. •- • a j
— Q 4 . ...

******
******
******
******

*****
*****
*****
*****

* ****
*****
*****
*****

****
♦***
****
****

*** * *
*****
*****
*****

1014.
890.
787.
883.

-21.8
- 12.2
-11.5

20.8

12.1

-2.4
-23.2
-31.9

18.
15.
13.
15-

280229232213.

196 9 - Q 1 . ... . |
- Q 2 ---- a j
- Q 3 ---- a j
- Q 4 ----

2

******
* * ****
* * ****
******

* ****
* ****
*****
*****

*****
* ****
*****
*****

****
**♦*
****
*♦**

*****
*****
*****
*****

1054.
1127.
930.
744.

19.3
6.9
-17.5
- 20.0

3.9
26.6
18.1
-15 . 8

17.
18.
14.
11-

287.
282.
252.
202-

1 9 7 0 - Q 1 . . . . .1
- Q 2 ---- .|
- Q 3 ---- .|
- Q 4 ---- .|

981.
994.
972.
1132.

*****
1.4
-2 . 3
16.5

*** * *
*****
*** * *
* ****

15.
15.
14.
16.

242233.
257.
279.

807.
843.
879.
972.

8.6

12.
12.

10.6

- 23.4
- 25.2
-5.5
30.7

200-

4.4
4.2

13.
14.

198.
233.
240.

1 9 7 1 - Q 1 ---- Q 2 ---- Q 3 ---- Q 4 ----

.|
.|
.|
.|

1352.
1578.
1612.
1708.

19.4
16.7

37 . 9
58.7
6 5.9
5 0.9

19.

21 .
21 .
22 .

305.
311.
300.
309.

1021.
1205.
1348.
1392.

5.0
18.0
11.9
3.3

26-4
42-8
53.4
43-2

14.
161818-

230.
237.
251.
252.

1 9 7 2 - Q 1 ....
- Q 2 ---- Q 3 ---- Q 4 ----

.|
.|
.|
.|

1811.
1917.
2508.
2878.

33.9
21.5
55.6
6 8.5

23.
23.
30.
33.

312.
301.
352.
413.

1409.
1540.
2058.
2329.

1.2

5.9
30.8
14.8

9.2
33.7
13.2

38-1
27.8
52.6
67.3

18.
19.
25.
27-

243.
242.
289.
334.

1973— Q 1 . ...
- Q 2 . ...
- Q 3 ---- Q 4 ----

.|
.1
.|
.|

3106.
3079.
3209.
3330.

7.9
- 0.9
4.2
3.8

71.6
60.6
28.0
15.7

34.
32.
32.
32.

463.
408.
362.
392.

2512.
25152733.
2849.

7.9
8.7
4.2

78.3
63.4
32.8
22.3

28.
26.
27.
27.

375.
334.
308.
335-

1 9 7 4 - Q 1 ....
- Q 2 ---- Q 3 ---- Q 4 ----

.|
.|
.|
.|

3362.
3845.
4475.
4234.

1.0

8.2
24.9
39.4
27.1

31.
33.
37.
33.

400.
518454.
496.

2833.
3258.
3858.
3554.

-0.5
15.0
18.4
-7.9

12.8

14.4
16.4
- 5.4

29-5
41.2
24.8

262832.
28.

337.
439391.
416-

1 9 7 5 - Q 1 •...
- Q 2 ---- Q 3 ---- Q 4 ----

.|
.|
.|
.|

4300.
4203.
4145.
4234.

1.6
-2.3
-1 . 4
2. 1

27.9
9.3
- 7.4

32.
30.
28.
27.

551.
507.
416.
416.

3546.
3473.
3426.
3462.

-0.2
-2.1
-1.3

26.
24.
23.
22.

455.
419.
344.
340.

1 9 7 6 - Q 1 . ...
- Q 2 ---- Q 3 ---— Q4----

.|
.|
.|
.|

4559.
4384.
4525.
4883.

7.7
- 3.9
3.2
7.9

28.
26.
26.
27.

395.
372.
388.
414-

3718.
3528.
3657.
3875.

7-4
-5.1
3.7

6.0

11.9

23.
21.
21.
22.

322.
300.
313.
328.

1 9 7 7 - Q 1 •.•• .|
— Q2 ---- .1
-Q3.
• .1
- Q 4 ---- .|
I
1 9 7 8 - Q 1 . ••• .|
- Q 2 ---- .|
- Q 3 ---- .|
- Q 4 ---- .|

5641.
5588.
5715.
5476.

15.5
-0.9
2.3
-4.2

23.7
27.5
2 6.3

372.
370.
406.
419.

4507.
4386.
4434.
4289.

16.3
-2.7

21.2

1.1

21.2

12.1

30.
29.
28.
26.

-3.3

10-7

24.
23.
22.
21.

297.
290315.
328.

5617.
5844.
6327.
6457.

2.6
2.1

-0 . 4
4.6
10.7
17.9

26.
26.
28.
27.

328.
351.
450393.

4421.
4597.
5020.
5184.

3.1
4-0
9.2
3.3

- 1.9
4 -8
13.2
20.9

202122.
22.

258276357.
315-

1 9 7 9 - Q 1 . ••• .|
- Q 2 . .•• .|
- Q 3 ---- . |
- Q 4 ---- .|

7452.
8160.
8448.
9746.

15.4
9.5
3.5
15.4

3 2.7
39 . 6
3 3.5
50 . 9

30.
32.
31.
34.

498.
479.
542.
526.

5952.
6481.
6755.
7752.

14.8
8.9
4.2
14.8

3 4.6
41-0
3 4.6
49.5

242525.
27-

398380.
434.
418-

1980-Q1.... .|
- Q 2 ---- . |
-Q3. • • •.|
- Q 4 ---- .|

10571.
10544.
8248.
8661.

8.5
- 0.3
-21.8
5.0

4 1.8
2 9.2
-2 . 4
-11.1

35.
3325.
25.

791.
758.
616.
579.

8515.
8603.
6751.
7115.

9.8
-21.5
5.4

43.1
3 2.7
-0.1
- 8.2

29.
27.
20.
20.

637.
618.
504.
475.

11189.
11612.

29.2
3.8

5.8

10.1

31.
30.

816.
648.

8878.
9456.

24.8
6.5

4.3
9.9

2525.

648.
528-

J

1 9 6 6 - Q 1 . .•.
- Q 2 ---- Q 3 ---- Q 4 ----

.2
2

2

2.2
5 .9

6.0

4.0
8.3

0.0
6.0
4.3
9.2
15.3

0.0
20.3

1.8
-35.2
13.9

8-6
12.5
26.3

0.1

1.0

1.0

25.1

6.6
-11.2
-2.6
4.9

1.6
6-8

24.3

I
1981 - Q 1 . . .. .|
- Q 2 ---- .|

1
♦ S E A S O N A L L Y - A D J U S T E D L O A N S O U T S T A N D I N G A T END OF P R E C E D I N G QUARTER.




24
TABLE 2 2 3 . 3Q

F E DERAL LA N D B A N K S
LOANS C L OSED AND NEN H O NEY L O A N E D
FOUR- Q U A R T E R ROVING T O T A L

YEAR
ENDING—

NEN HONEY L O ANED

L OANS C L OSED

1
1
1
| MILLIONS
|
OF
|
DOLLARS

1
1
1

C H ANGE FROM
PREVI O U S YEAR
MILLIONS
OF
DOLLARS

PERCENT

1|

AS PER C E N T A G E OF

LOANS OUT­
S TANDING*

REP A Y ­
MENTS

MILLIONS
OF
D O LLARS

CHANGE FROM
PREVIOUS YEAR

||
|
|| MILLIONS
OF
1|
I DOLLARS

PERCENT

|

AS P E R C E N T A G E OF

1
1
| L O A N S OUT| STAN D I N G *

REPAY­
MENTS

1

707.

******
******
******
******

*****
*****
*****
*****

****
****
****
****

****
****
****
****

784.
848.
863.
887.

******
******
******
180.

*****
*****
*****
25.5

22.
23.
23.
22.

261.
276.
276.
273.

***♦
**♦*
****
****

927.
1007.
1069.
1012.

143.
158.
205.
125-

18.2
18.6
23-8
14.1

23.
24.
24.
22.

273.
297.
315.
302.

****
****
****
****

****
****
****
****

960.
902.
878.
998.

32.
-104.
-191.
-15.

3.5
- 10.3
-17 . 8
-1.4

20.
18.
17.
19.

295.
279.
267.
288.

*****
*****
*****
*****

****
****
****
****

****
****
****
****

1045.
1040.
989.
902.

86.
137.
-95.

9.0
15.2
12.7
- 9.5

19.
19.
17.
15.

288.
281.
264.
234.

******
******
******
******

*****
*****
*****
*****

****
****
****
****

****
****
****
****

918.
984.
1014.
986.

-128.
-56.
25.
84.

-12.2
-5.4

15.
16.
16.
15.

233.
246252.
248.

******
******
******
1017*.

******
******
******
******

*****
*****
*****
*****

****
****
****
15.

****
****
****
256.

911.
828.
818.
871.

-7.
-156.
-197.
-116.

-0.8
-15.9
-19.4
-11.7

14.

230.

12.
12.

212.

13.

208.
219.

1124.
1282.
1425.
1555.

******
******
******
538.

*****
*****
*****
52-9

16.
18.

20 .
21 .

268.
288.
304.
312.

933.
1030.
1134.
1229.

23.
203.
316.
358.

2.5
24.5
38.7
41.2

13.
14.
16.
16.

223.
231.
242.
247.

.|
.|
.|
.1

1679.
1771.
1971.
2238.

556.
490.
547.
683.

49.5
38.2
38.4
43.9

22.
23.
24.
27.

309.
307.
329.
360.

1335.
1424.
1581.
1796.

402.
394.
447.
567.

43.1
38.2
39-4
46.1

17.
18.

20.
22-

246.
247.
264.
289.

1 9 7 3 - Q 1 ____
- Q 2 ---- Q 3 ---- Q 4 ----

.|
.|
.|
,|

2596.
2912.
3073.
3169.

916.
1140.
1102.
931.

54.6
64.4
55.9
41.6

30.
33.
33.
32-

385.
407.
412.
404.

2103.
2367.
2521.
2639.

768.
942.
940.
843.

59.5
47.0

24.
26.
27.
27.

312.
331.
338.
337.

1 9 7 4 - Q 1 ____
~ Q 2 ---- Q 3 ---- Q 4 ----

.|
.|
.|
.|

3239.
3449.
3737.
3940.

643.
537.
664.
771.

24.8
18.5
24.3

32.
32.
33.
33.

393.
418.
451.
474.

2724.
2924.
3179.
3340.

620.
557.
658,.
701.

29.5
23.5
26.1
26.5

26.
27.
28.
28.

330.
354.
384.
402.

1 9 7 5 - Q 1 ____
- Q 2 ---- Q 3 ---- Q 4 ----

.|
.|
.]
.|

4193.
4297.
4220.
4219.

954.
848.
483.
279.

29.5
24.6
12.9
7.1

34.
33.
30.
29.

511.
516.
492.
459.

35333594.
3499.
3478.

809.
670.
320.
138.

29.7
22.9
10. 1
4.1

28.
27.
25.
24.

430.
432.
408.
378.

1976— Q 1 . . . ...)
- Q 2 ---- . |
- Q 3 ---- .|
- Q 4 ---- .|

4302.
4359.
4440.
4585.

2.6

366.

28.
28.
27.
27.

424.
400.
389.
387.

3536.
3556.
3605.
3696.

3.
-39.
106.
218.

-1.1
3.0
6.3

23.
23.

220.

348.
326.
316312.

1 9 7 7 - Q 1 ____
- Q 2 ---- Q 3 ---- Q 4 ----

.|
.|
.|
.|

4890.
5231.
5494.
5619.

588.
871.
1054.
1034.

28.
29.
29.
28.

379.
380.
381.
381.

3921.
4163.
4335.
4418.

385.
608.
729.
723.

1 9 7 8 - Q 1 ....
- Q 2 ---- Q 3 ---- Q 4 ----

.|
.|
.|
.|

5602.
5678.
5801.
6014.

711.
448.
307.
395.

14.5
5.6
7.0

27.
27.
26.
27.

377.
376386.
386.

4388.
44524569.
4758.

466.
289.
234.
340.

1 9 7 9 - Q 1 ---- Q 2 ---- Q 3 ---- Q 4 ----

.|
.|
.|
.|

6523.
7171.
7648,.
8391.

922.
1493.
1847*
2377.

16.5
26.3
31.8
39.5

28.
29..
30.
32.

413.
452.
474.
518.

5195.
5719.
6106.
6678.

1 9 8 0 - Q 1 ____
- Q 2 ---- Q 3 ---- Q 4 ----

.|
.|
.|
.|

9228.
9899.
9852.
9619.

2705.
2728.
2204.
1228.

41.5
38.0
28.8
14.6

33.
34.
32.
30.

565.
635.
635.
626.

1 9 8 1 - Q 1 ____ . |
- Q 2 ---- .|

9798.
10090.

570.
191.

6.2

29.
28.

641.
635.

******
******
******
******

******
******
******
******

*****
*****
*****
*****

****
****
****
****

****
****
****
****

******
******
******

.|
.|
.|
.j

******
******
******
******

******
******
******
******

*****
*****
*****
*****

****
****
****
****

****
****
****
****

i
1 9 6 6 - Q 1 ---- . |
- Q 2 ---- . j
- Q 3 ---- . j
- Q 4 ---- |

******
******
******
******

******
******
******
******

*****
*****
*****
*****

****
****
****
****

******
******
******
******

******
******
******
******

*****
*****
*****
*****

******
******
******
******

******
******
******
******

******
**** * *
******
******

1971 - Q 1 ---- Q 2 ---- Q 3 ---- Q 4 ----

.J
.|
.]
.1
I
.|
.|
.|
.|

1 9 7 2 - Q 1 ____
- Q 2 ---- Q 3 ---- Q 4 ----

1 9 6 4 - Q 1 ____
- Q 2 ---- Q 3 ---- Q 4 ----

.|
.|
.|
.|

1965 - Q 1 ____
- Q 2 ---- Q 3 ---- Q 4 ----

1

1
1 9 6 7 - Q 1 ____ . |
- Q 2 ---- . j
- Q 3 ---- . |
- Q 4 ---- j

1
1 9 6 8 - Q 1 ---- . J
- Q 2 ---- . |
- Q 3 ---- . j
- Q 4 ---- |

1

1 9 6 9 - Q 1 ____ . |
- Q 2 ---- . j
- Q 3 ---- . |
- Q 4 ---- |

1
1 9 7 0 - Q 1 ____
- Q 2 ---- Q 3 ---- Q 4 ----

109.
62.

21.6

1.4
5.2
8.7
13.7

20.0
23.7
22.5

8.6

1.9

111.

2.6
9.3

57.5

66.2

0.1

10.9
17. 1

22.

19.6

23.
23.
22.

304.
303.
300.
299.

11.9
6-9
5.4
7.7

21.
21.
21.
21.

296.
295.
304.
306.

808.
1267.
1536.
1920.

18.4
28.4
33.6
40.4

22.
23.
24.
25.

329.
360.
378.
412.

7386.
7980.
7974.
7842.

2190.
2262.
1868.
1164.

42.2
39.5
30.6
17.4

27.
27.
26.
24.

452.
512.
514.
511.

7955.
8188.

569.
208.

7.7

23.
23.

520.
515.

20.2

2.6

J________
* AVERAGE LOANS OUTSTANDING DURING THE PRECEDING FOUR QUARTERS (AVERAGE OF END-OF-QUARTER DATA)




22.
22.

25
TABLE 224.1Q
FEDERAL LARD BANKS
REFINANCING AND REPAYMENTS
R E F I N A N C I N G O F F E D E R A L L A N D BA N K LOANS

I

1
1
QUARTER

| MILLIONS
1
OF
I D O LLARS

1
1

1
|
|
|
1

PERCENTAGE CHANGE
FROM PREVIOUS
QUARTER

YEAR
.... _

REPAYMENTS

|
AS P E R C E N T A G E OF
|
LOANS
REPAYMENTS
I LOANS OUT| STAN D I N G *
C L OSED
AND
REFINANCING
I

M I LLIONS
OF
D O LLARS

|
|
|

PERCENTAGE CHANGE
FROM P R E V I O U S
QUAR T E R

YEAR

IS
{
| PERCE N T A G E
OF
| LOANS OUT­
1 STANDING*

1 9 6 4 - Q 1 . ... |
- Q2 ---- . J
- Q 3 ---- |
- Q 4 ---- . |

******
******
******
******

*****
*****
*****
*****

*****
*****
*****
*****

****
****
***♦
****

****
****
♦***
****

****
****
****
****

******
63.
57.
93.

*****
*****
-9.7
63.3

*****
*****
*****
*****

* **♦
1.9

.j
.j
.j
,j

* * ****
******
******
******

*****
*****
*****
*****

*****
* ****
*****
*****

****
****
*♦**
****

****
****
****
****

* ***
***♦
****
****

88.
69.
62.
105.

-5.2
-21.4
-10.0
67.9

*****

2.4

1966-Q1. .. . . |
- Q 2 ---- J
- Q 3 ---- . j
- Q 4 ---- ,j

******
**** * *
******
******

*****
* ****
*****
*****

*****
*****
*****
* ****

****
*♦**
*♦**
*♦**

****
****
****
****

* *♦*
♦ *♦*
****
♦ ***

103.
69.
62.
101.

-1.8
-32.5
-10.2
61.1

0.2
0.0

1.3

-4.0

2.1

1 9 6 7 - Q 1 ____ . |
- Q 2 ---- . j
- Q 3 ---- . J
- Q 4 ---- j

******
******
* * ****
******

*****
*****
*****
*****

*****
*****
*****
*****

****
****
****
****

****
****
****
**♦*

****
****
* *♦*
** * *

93.
67.
67.
118.

-7.2
- 2 7.8
-0.6
76.9

-9.3
-3.0
7 .3
17.8

1.9
1.3
1.3

1968-Q1.... j
- Q 2 ---- . j
- Q 3 ---- . j
— Q 4 . ... .j

******
******
******
******

*****
*****
*****
*****

*****
* ****
*****
*****

****
****
****
****

****
****
** * *
***♦

♦***
****
* ***
* ***

111.

18.5
9 .7
7.2
8.7

2.0

74.
72.
129.

-6.6
- 33.2
- 2.9
79.3

19 6 9 - Q 1 ____ . |
- Q 2 ---- . j
- Q 3 ---- . |
- Q 4 ---- j

******
******
******
******

*****
*****
*****
*****

*****
*****
*****
*****

****
* **♦
♦ ***
***♦

* ***
***♦
♦***
*♦**

****
♦ ***
****
*♦*♦

119.
81.
73.
125.

-7.4
-32.5
-8.9
70.9

7 .8
8.9

1.9
1.3

2.2

1.1

-2.6

1.9

0.5
0.5
0.4

13.
13.
14.
17.

24.
31.
28.
26.

116.
75.
77.
130.

- 7.6
-35.3
2.4
70.0

-2.9
-7 . 0
4.5
4 .0

1.7

21.
22.

37.
48.
41.
34.

137.

101.
100.

18.5
35.2
3 0.3

1.9
1.4
1.3

160.

5.2
-26.2
-1 . 3
60.0

22.6

2.1

182.
136.
121.
182.

13.6
-25.3
-10 . 5
49.9

32 . 4
3 4.0
21 . 5
13.8

2.3
1.7
1.4

2.6
1.8

1965-Q1 ____
- Q 2 ---- Q 3 ---- Q 4 ----

1.6
2.6

10.0

1.8

9 .6
12.7

1.5
2.5

16.7

2.4

1.6

2.2
1.3

1.2
2.1

1
1 9 7 0 - Q 1 ____
- Q 2 ---- Q 3 ---- Q 4 ----

.|
.1
.|
.|

37.
34.
30.
45.

*****
-8.1
-10.4
50.0

*****
*** * *
*** * *
* ****

1 9 7 1 - Q 1 •...
- Q 2 ---- Q 3 ---- Q 4 ----

.|
•|
.|
.|

81.
94.
70.
81.

78.9
16.5
-26 . 3
16.0

120.8

1.1

180.0
130.3
78 . 2

1-3
0.9

1.0

19.
21.

1972 - Q 1 ---- Q 2 ---- Q 3 ---- Q 4 ----

.|
.(
.|
.|

99.
98.
113.
133.

22.8

1.3

20.

- 1.7
15.8
17.6

2 2.3
3.2
62 . 2
6 4.4

1973-Q1.. ....|
-Q2. • • •.|
- Q 3 ---- .|
- Q 4 ---- .|

149.
150.
120.
111.

12.4
0.5
-20.2
-7 . 2

50.5
53 . 8
- 1 6.3

1 9 7 4 - Q 1 ---- Q 2 ---- Q 3 ---- Q 4 ----

-|
•|
.|
.1

135.
159.
152.
154.

21.3
18.3
- 4.6
1. T

1 9 7 5 - Q 1 . ..• .|
- Q 2 ---- .|
- Q 3 ---- .|
- Q 4 ---- .1

195.
202.
170.
175.

1976-Q1 ---- .|
-Q2. . . ..|
- Q 3 ---- .|
- Q 4 ---- .|
1977-Q1....
- Q 2 ---- Q 3 ---- Q 4 ----

0.6

1.1
1.1
1.8

1.2

19.

1.3
1.5

20.
20 .

35.
42.
48.
42.

1.6
1.6
1.2
1.1

17.
18.
17.
15.

39.
46.
44.
33.

236.
175.
152.
221.

29.5
-25.6
- 13.6
45.5

29.7
2 9.3
24.9
21.3

- 9.7
6 .3
27.2
38.6

1.2

14.
15.
15.
16.

33.
48.
50.
41.

277.
176.
154.
224.

25.3
- 36-4
-12.1
44.7

17.3

0.2
1.8
1.2

2.5
1.5
1.3
1.7

26.5
3.7
-15 . 7
2.9

4 4.4
26.6

1.4
1.4

42.
52.
49.
38.

267.
187.
180.
286.

19.4
-29.8
- 3.8
58.6

2.0

6.6

1.3

1.1
1. 1

16.
18.
18.
18.

-3.5

11.8

16.6
27.8

1.2
1.8

219.
239.
201.
230.

25.2
9.2
-15.9
14.2

12.5
18.5
18.3
3 1.4

17.

38.
48.
47.
41.

362.
262.
231.
330.

26.7
-27.5
-12.1
43.0

35.7
40.1
28.0
15.4

2.3

.|
.|
.|
.|

298.
338.
294.
271.

2 9.6
13.4
-13.1
-7.7

3 6.0
4 1.2
4 5.>9
17.8

29.1
32.6
29.0

2.5

1 9 7 8 - Q 1 . .•.
- Q 2 ---- Q 3 ---- Q 4 ----

.1
.|
.|
.|

311.
351.
299.
295.

14.7
-14.7
-1.5

4.3
3 .8
1.9
8.7

1 9 7 9 - Q 1 ____
- Q 2 ---- Q 3 ---- Q 4 ----

.1
.|
.1
.|

383.
476.
389.
465.

30.0
24.2
-18.3
19.7

2 3.2
35.6
2 9.9
57.9

1.6
1.8

1980 - Q 1 ____
- Q 2 ---- Q 3 ---- Q 4 ----

.|
.|
.|
.1

512.
553.
348.
364.

10. 1
7.9
-37.1
4.7

33.7
16.2
-10.5
-21.8

1.7
1.7

1981-Q1....
- Q 2 ----

.1
.1

578.
612.

58.9
5.8

12.9
10.7

12.8

6.0

13.7

1.4
1.3

1.2

1.4
1.4

1.2
1.3

20.
20.
21.

1.6

19.

1.7
1.5
1.3

22.
23.
22 .

39.
49.
50.
43.

467.
348.
298.
363.

41.7
-25 . 5
-14 . 5
21.9

1.4

20.
22.
21.
20.

40.
48.
51.
42.

476.
375.
290.
415.

3 1.2
-21.2
-22.6
43.1

19.

21.
21.
21.

43.
55.
55.
52.

498.
385.
316.
422.

1.0
1.0

18.
19.
19.
19.

50.
64,
53.
47.

511.
311.
308.
406.

1.6
1.6

19.
19.

53.
62.

504.
372.

1.6
1.3

1.2

1.4

1.6

- J ______________
* L O A N S O U T S T A N D I N G AT EN D OF P R E C E D I N G QUARTER.

"FEFINANCING OF FEDERAL LAND BANK LOANS** IS COMPUTED AS LOANS CLOSED LESS HEN NONET LOANED.
"REPAYMENTS" ARE COMPUTED AS NEH HONEY LOANED LESS THE CHANGE IN LOANS OUTSTANDING.




2.1

1.5

2.1

1.6
1.3

1.8
1.8

10.0

1.5
1.7

1.8

2.2

7. 7
-2.5
14.4

1.7
1.3
1.7

19.9
- 2 2.8
-17 . 9
33.6

4. 6

2.0

2.6

1.5

8 .9
1.7

1.2

21.0

2.6

1.7

-39.1
-1.1
31.9

-19.1
-2.6
-3.8

0.9

24.2
-26.3

-1.3
19.4

1.5

1.0
1.2
1.4

1.0

26

TABLE 224.2Q
FEDE R A L LAND B ANKS
REFIN A N C I N G AND R E P A Y M E N T S
S E A S O N A L L Y - A D J U S T E D AN N U A L RATE
R E F I N A N C I N G OF

FEDERAL L AND BANK LOANS

REPAYM E N T S

1 9 6 4 - Q 1 ____
- Q 2 ---- Q 3 ---- Q 4 ----

I
I
I
| MILLIONS
|
OF
| DOLLARS
I
I
„ | ******
. | ******
. | ******
. J ******

******
******
******
******

*****
*****
*****
*****

****
****
****
****

****
****
****
****

****
****
****
****

|
|
|
|

******
304.
287.
342.

*****
*****
-5.7
19.2

*****
*****
*****
*****

****
8.9

1 9 6 5 - Q 1 ---- Q 2 ---- Q 3 ---- Q 4 ----

I
.|
.|
.|
|

******
******
******
******

******
******
******
******

*****
*****
*****
*****

****
****
****
****

****
****
****
****

****
****
****
*•**

I
|
|
|

292.
312.
313.
387.

-14-8
6.9
0.4
23.7

*****
2. 4
9.0
13. 1

7.8

I
1 9 6 6 - Q 1 ---- . |
- Q 2 ---- . j
- Q 3 ---- . |
- Q 4 ---- |

******
******
******
******

******
******
******
******

*****
*****
*****
*****

****
****
****
****

****
****
****
****

****
****
****
****

|
|
|
1

327.
300.
365.
316.

- 15.4
-8.2
21.5
-13.5

12.3
-3.6
16.7
-18.4

7.6
6.7
7.8
6.5

QUARTER

PERCE N T A G E CH A N G E
FROM P R E V I O U S
QUARTER

YE A R

I

AS P E R CENTAGE OF

| LOA N S OUTJ S T A NDING*

LOANS
CLOSED

I
l M I LLIONS
REPAYMENTS I
OF
| DOLL A R S
AND
R E F I N A N C I N G 1. - _

I
|
|
|
1

PER C E N T A G E CHAN G E
FROM P R E V I O U S
QUARTER

YEAR

AS
|
| PERCENTAGE
OF
I
| LOA N S OUT­
_ L STAN D I N G *

8.2
9.5

8.0
7.8
9.3

1 9 6 7 - Q 1 ____ . |
- Q 2 ---- . j
- Q 3 ---- . |
- Q 4 ---- |
i
1 9 6 8 - Q 1 ____ . |
- Q 2 ---- . |
.
- Q 3 ---- |
- Q 4 ---- j

******
******
******
******

******
******
******
******

*****
*****
*****
*****

****
****
****
****

****
****
****
****

****
****
****
****

|
|
|
|

296.
346.
362.
446.

-6.2
17.0
4.5
23.4

-9 . 6
15. 2
-0. 9
41. 4

5.9

******
******
******
******

******
******
******
******

*****
*****
*****
*****

****
****
****
****

•***
****
****
****

****
****
****
****

|
|
|
|

362.
389.
340.
415.

-18.9
7.4
-12.6

22.2

22.3
12-3
-6. 1
- 7.0

6.4
6.7
5.7
6. 9

I
1969-Q1 ____ . I
- Q 2 ---- . |
- Q 3 ---- . J
- Q 4 ---- |

******
******
******
******

******
******
******
******

*****
*****
*****
*****

****
****
****
****

****
****
****
****

****
****
****
****

|
|
|
|

367.
400.
369.
367.

-11.7
9.1
-7.7
-0.4

1.3
2.9
8.5
-11 . 5

5.9
6.3
5.7
5.5

6.8
6.9

8.2

1 9 7 0 - Q 1 ____
- Q 2 ---- Q 3 ---- Q 4 ----

.|
.|
-|
.|

173.
151.
93.
160.

******
-12.8
-38.4
71.8

*****
*****
*****
*****

2.6
2.2

18.
15.
10.
14.

30.
26.
20.
28.

|
|
|
|

404.
426.
378.
405.

10.1

10.3

5.4
-11.4
7.3

6.6

6.0
6.2

1.3
2.3

2. 4
10.3

5.4
5.7

1 9 7 1 - Q 1 ____
- Q 2 ---- Q 3 ---- Q 4 ----

.|
.|
.|
.|
I
.|
.|
.|
.|

331.
373.
264.
316.

107.4
-29.3
19.7

91.4
147.2
183.5
97.6

4.6
5.1
3.5
4. 1

25.
24.
16.
18.

43.
42.
3336.

|
|
|
|

443.
508.
537.
553.

9.4
14.6
5.6
3.0

9.6
19.2
42.1
36.4

6. 1
6.9
7.1
7. 1

401.
377.
450.
549.

27.0
- 5.9
19.2
21.9

21.0
1.1

5.0
4.6
5.4
6.3

22 .
20.

70.6
73-7

18.
19.

41.
37.
39.
44.

|
|
|
|

580636.
712697.

5.0
9.7
11.9
-2.1

30.9
25.2
32.6
26.0

7.3
7.8
8.5

1 9 7 3 - Q 1 ____ . |
- Q 2 -----.|
- Q 3 ---- .|
- Q 4 ---- .|

594.
564.
476.
482.

8.2

48.0
49.4
5.9
-12.2

6.5
5.9
4.7
4.6

19.
18.
15.
14.

47.
43.
35.
36.

|
|
|
I

671.
754.
886.
850.

-3.7
12.4
17-6
-4.2

15-6
18.5
24.6

• 7.3
7.9

1 9 7 4 - Q 1 ____
- Q 2 ---- Q 3 ---— Q4 ----

.|
.|
-|
.|

529.
587.
617.
680.

-10.9
4.1
29.5
41.1

4.8
5.1
5-1
5.3

16.
15.
14.
16.

39.
44.
38.
44.

I
|
|
|

840.
742.
985.
854.

-1.2
-11.6
32.8
-13.4

25.2
- 1.6

1 9 7 5 - Q 1 ____
- Q 2 ---- Q 3 ---- Q 4 ----

.|
.|
.|
.|

754.
730.
719.
772.

42.6
24.4
16.6
13-6

5.6
5. 1
4.8
5.0

18.
17.
17.
18.

49.
47.
42.
43.

|
|
|
|

780.
829.
9971019.

-8.6
6.3

20.2
2.2

19 7 6 - Q 1 ____
- Q 2 ---- Q 3 ---- Q 4 ----

.|
.|
.|
.|

841.
856.
868.
1008.

11.5
17.3
20.7
30.5

5.2
5. 1
5.0
5.6

18.
20.
19.
21 .

42.
42.
43.
46.

|
|
|
|

1154.
1178.
1167.
1180.

13.3

1 9 7 7 - Q 1 ____
- Q 2 ---- Q 3 ---- Q 4 ----

.|
.|
.|
.|

1134.
1202.
1281.
1187.

6. 1
6.2
6.4
5.7

20.
22 .
22.
22.

43.
44.
48.
48.

I
|
|
|

1518.
1510.
1407.
1307.

28.6
-0.5
-6.8
-7.1

31.6
28.3

-7.3

34.8
40.4
47.6
17.8

1 9 7 8 - Q 1 ____
- Q 2 ---- Q 3 ---- Q 4 ----

-|
.J
.|
.|

1196.
1246.
1308.
1274.

0.7
4.2
4.9
-2.6

5.5
3.7

5.5
5.6
5.7
5.3

21.
21.
2120.

41.
43.
48.
44.

|
|
|
|

1715.
1663.
1405.
1644.

31-2
-3.0
-15.6
17.1

12.9
10. 1
-0. 2
25.6

1 9 7 9 - Q 1 ---- Q 2 ---- Q 3 ---- Q 4 ----

.|
.|
.|
.|

1501.
1678.
1693.
1994.

17.8

6. 1

50.
50.
52.
52.

|
I
|
|

1496.
1705.
1558.
1853.

-9.0
13.9
-8.6
19.0

-12.7
2.5
10.9
12.7

5-8
6.5

1 9 8 0 - Q 1 ....
— Q 2 ---- Q 3 ---- Q 4 ----

.|
.|
.|
.|

2056.
1941.
1496.
1546.

4.5
4.4
4.0
4.3

2.6

3.8
4.7

1 9 7 2 - Q 1 ---- Q 2 ---- Q 3 ---- Q 4 ----

1 9 8 1 - Q 1 ____ .|
2311.
2156.
- Q 2 ---- .|
J _____________

12.6

-5.1
-15.5

1.1
9.8

11.0
5.1

10.2
11.0
-3.2
-1.5
7.4
8.9

1.8
1.4
16. 1
12.5

6.0
6.6

2.1
7.3

1.2

7.6
6.5
8. 1

0-5

6.6

-7. 1
11.7

1.2

5.8
5.8
6.7

19.3

6.6

48.0
42.0
17.0
15.9

7.2
7.0
6.7

20.6
10.7

0.9
17.8

6.5
6.3
7.0

20.
21 .
20 .
20.

3.1
-5.6
-22.9
3.3

37.0
15.7
-11.6
- 22.5

6.9
6. 1
4.5
4.4

19.
18.
18.
18.

61.
58.
53.
51.

|
|
|
|

1336.
1392.
1339.
1496.

-27.9
4.2
-3.8

11.8

-10.7
-18.4
-14.1
-19.3

49.5
-6.7

12.4

6.4
5.7

21 .

63.
55-

|
|

1370.
1792.

-8.4
30.8

28.8

11.8

11.1

19.

* S E A S O N A L L Y - A D J U S T E D LOANS O U T S T A N D I N G AT E N D OF P R E C E D I N G QUARTER.

8.8
8.1 v

11.2

25.5
34.6
29.5
56.6

"REFINANCING OF FEDERAL LAND BANK LOANS" IS COMPUTED AS LOANS CLOSED LESS HEN HONEY LOANED.
"REPAYMENTS" ARE COMPUTED AS HEN HONEY LOANED LESS THE CHANGE IN LOANS OUTSTANDING.




2.0
-0.9

22.0

8.0

6.6
8.2
7.8
7-0
6.3
7.9
7.5

6.1
6.9

6.0
6.6

27

TABLE 224. 3Q

FEDERAL LAND BANKS
REFINANCING AND REPAYMENTS
FOUR-QUARTER MOVING TOTAL
REFINANCING OF FEDERAL LAND BANK LOANS

1
1.
1
YEAR
ENDING—

MILLIONS
OF
|
DOLLARS
1
|

CHANGE FROM
PREVIOUS ▼EAR

|

l

1

MILLIONS
OF
DOLLARS

REPAYMENTS

I
I

AS PERCENTAGE OF
1
REPAYMENTS
LOANS
1 LOANS OUTPERCENT 1 STANDING*
CLOSED
AND
REFINANCING
1

CHANGE FROM
PREVIOUS YEAR

I|
||
jI

MILLIONS
OF
DOLLARS | MILLIONS
OF
I|
II DOLLARS

|
AS
| PERCENTAGE
OF
| LOANS OUTI
PERCENT | STANDING*
J|
II

196 4 - Q 1 ..... |
- Q 2 ..... j
- Q 3 ..... 1
- Q 4 ..... J

******
******
******
******

* * ****
******
******
******

*****
*****
*****
*****

****
****
****
****

****
****
****
****

****
****
****
****

******
******
******
******

******
******
******
******

*****
*****
*****
*****

****
****
****
****

1 9 6 5 - Q 1 _____ |
- Q 2 ..... I
- Q 3 ..... |
- Q 4 ..... I

******
******
******
******

******
******
******
******

*****
*****
*****
*****

****
****
****
****

****
****
****
****

****
*♦**
****
****

301.
307313325-

******
******
******
******

*****
*****
*****
*****

8,4
8.3

1 9 6 6 - Q 1 ..... |
- Q 2 ..... |
- Q 3 ..... I
- Q 4 ..... |

******
******
******
******

******
******
******
******

*****
*****
*****
*****

****
****
****
****

****
***♦
****
****

****
****
****
****

339.
339.
339.
335.

38.
322711.

12.7
10.4
8.5
3 .3

1967-Q1 ----- |
- Q 2 ..... 1
- Q 3 ..... I
- Q 4 ..... |
I
1 9 6 8 - Q 1 ..... |
- Q 2 ..... |
- Q 3 ..... I
- Q 4 ----- |

******
******
******
******

******
******
******
******

*****
*****
*****
*****

****
****
****
****

****
****
****
****

****
****
****
****

326.
324328346.

-14.
-16.
-11.
11.

-4 . 0
-4.6
-3.3
3.3

******
******
******
******

******
******
******
******

*****
*****
*****
*****

****
****
****
****

****
****
****
****

****
****
****
****

363.
370.
375.
385.

3846.
47.
39.

11-6

6-8

14.3
14-2
11-3

6-6
6-6

1 9 6 9 - Q 1 ..... |
- Q 2 ..... |
~ Q 3 ..... |
- Q 4 ..... |

******
******
******
******

******
******
******
******

*****
*****
*****
*****

****
****
****
****

****
****
****
****

****
****
****
****

394.
400,
402.
399-

30.
3027.
13-

8 .3

6.6

******
******
******

*****
*****
*****
*****

* ***
****
****
2. 1

****
****
****
14.

****
****
****
27.

395.
389.
393.
398.

1.
-11.
-9-1.

0.3
- 2-7
-2.3
-0 . 2

6-0

146.

******
******
******
******

1971 - Q 1 ..... |
" Q 2 ..... j
- Q 3 ..... |
- Q 4 ..... |

190.
251.
291.
326.

******
******
**** * *
180.

*****
*****
*****
123.2

2.7
3.5
4. 0
4.4

17.

2020 .
21-

31.
36.
38.
40.

419.
446469.
498.

24.
56.
76.
101.

6- 1
14.4
19.4
25.3

6-0
6.2

1 9 7 2 - Q 1 ..... |
- Q 2 ..... |
- Q 3 ..... |
- Q 4 ..... |

344.
347.
390.
442.

154.
96.
100.
116.

80-7
38.2
34.4
35.7

4.5
4. 4
4.8
5.3

2020.
20.
20 .

39.
383942.

543.
577.
599.
621.

124132.
130.
123.

29-5
29.6
27-7
24.6

7.1
7.4
7-4
7.5

1 9 7 3 - Q 1 . ----1
- Q 2 ..... |
- Q 3 ..... |
-Q<*..... I

492.
545.
552530.

148.
198.
161.
88.

43.1
57.0
41.3
19.8

5-7
5.9
5.4

19.
19.
18.
17.

42.
4343.
40.

675.
715.
745.
784.

132.
138146.
163.

24-3
23.8
24.4
26.2

8-0
8.0
8-0

1 9 7 4 - Q 1 ..... |
- Q 2 ..... |
- Q 3 ..... |
- Q 4 ..... |
i
1 9 7 5 - Q 1 ..... |
- Q 2 ..... |
- Q 3 ..... |
- Q 4 ..... |

516.
525.
558.
600.

23.
-20.
6.
70.

4.7
-3.7
13.3

5.0
4-9
4.9
5. 1

16.
IS­
IS.
15.

38.
39.
40.
42.

825.
825828.
830.

660.
703.
721.
742.

145178.
163.
141.

28.1
33.9
29.3
23.5

5-3
5.3
5.2
5. 1

16.
16.
17,
18.

45.
46.
46.
45.

1 9 7 6 - Q 1 ----- |
- Q 2 ..... |
- Q 3 ..... |
- Q 4 ..... |

766.
804.
835.
890-

106.
101.
114.
148.

16.0
14.3
15.8
19.9

5- 1
5. 1
5- 1
5.2

181819.
19.

1977-Q1,..... |
- Q 2 ..... |
- Q 3 ..... |
- Q 4 ..... |

969.
1067.
1160.
1201.

202 .

26.4
32.8
38.9
3 5.0

5.5
5.8

t
1 9 7 0 - Q 1 _____ |
- Q 2 ..... |
- Q 3 ..... |
- Q 4 ..... J

1

264.
325.
311.

1.1

6. 1

1214.
1226.
1232.
1256.

245.
159.
72.

25.3
14.9

55.

4.6

1 9 7 9 - Q 1 _____ |
- Q 2 ..... |
- Q 3 ..... |
- Q 4 ..... |

1328.
1453.
1542.
1713.

114.
226.
310.
457.

9-4
18.5
25.2
36.4

1 9 8 0 - Q 1 ____ _ |
- Q2.....|
- Q 3 ..... |
- Q 4 ..... |

1842.
1919.
1878.
1777.

514.
466.
336.
64.

3 8.7
32.1

1 9 81-Q1 ..... |
- Q 2 ..... 1

1843.
1902.

6.2

1
21.8
3.7

1 .

0.0

-17.

-0.9

8.0

6-8
6-6
6-5
6.7

6.7

6,5
6.4

6-2
5.8
5-8
5.8

6.4
6-7

7.8

150-

22-2

8.0

15.4

83.
47-

11.1
6-0

7-7
7.3
7-0

821.
832.
858920.

-4.
7.
30.
90.

-0.5
0-9
3-7

6,6
6.3
6,2

10.8

6.3

43424243.

1015.
1091.
1141.
1185.

195.
258.
283.
265.

23.7
31-0
33-0
28.8

6.7
6.9
7.0
7,0

43.

6. 1

2020.
21.
21 .

1291.
1376.
14431476.

275.
286.
302.
291.

27. 1
26.2
26.5
24-6

7.3
7.5
7.6
7.5

5.9
5-8
5.6
5. 5

2222.
21 .
21-

45.
45.
45.

14851512.
1504.
1557-

194.
13561.
80-

15.0
9.8
4.2
5,4

7-3
7. 1
6.9
6.9

5. 7

20.
20 .
2020.

46.
48.
49.
51.

1579,
1588.
1614.
1621.

94-

77.
11Q-

6.3
5- 1
7.3
4. 1

6-7
6.5
6.3

6. 6
6.6
6- 1
5.5

20.

53.

191918.

55.
55.

1634.
1560.
1552.
1536-

-28.
-62.
-85.

3.5
- 1.8
-3.8
-5-3

5-9
5.3
5,0
4.7

5-4
5.3

1919-

55.

1529.
1589.

-105.
29.

-6.4
1.9

4.5
4.5

6 . 1

6.0
6. 1
6.5

44.

45.
45.

45.

54.

54-

___ L

* AVERAGE LOANS OUTSTANDING DURING THE PRECEDING FOUR QUARTERS (AVERAGE OF END-OF-QUARTER DATA)
"REFINANCING OF FEDERAL LAND BANK LOANS" IS COMPUTED AS LOANS CLOSED LESS HER HONEY LOANED.
"REPAYMENTS" ARE COMPUTED AS NEW HONEY LOANED LESS THE CHANGE IN LOANS OUTSTANDING.




7.2
3.5

8-3
7-7
7-3

HO.

1
19 7 8 - Q 1 ..... |
- Q 2 ..... |
- Q 3 ..... |
- Q 4 ..... |

8.2

8.2
8.2

64.

55.

6-1

28
TABLE 231.1Q
LIFE INSURANCE COMPANIES
FARH MORTGAGES OOTSTANDING AND ACQUIRED

1961-Q1___
-Q2---Q3---Q4---

1
1
|
1
|
|
1
1
|
|
.|
.|

1962-Q1....
-Q2---Q3---Q4---

QUARTER

FARM MORTGAGES OUTSTANDING
MILLIONS OF DOLLARS
END OF
QUARTER

FARH MORTGAGES ACQUIRED

|
|

PERCENTAGE CHANGE
FROM PREVIOUS

|

QUARTER

CHANGE FROM PREVIOUS
_

..

OUARTER

YEAR

YEAR

|
1
ACQUIRED | CHANGE FROM PREVIOUS|
IN
|
|
1
OUARTER 11 QUARTER
_ YEAR
1

|
|

MILLIONS OF DOLLARS

PERCENTAGE CHANGE
FROM PREVIOUS
QUARTER

YEAR

3004.
3078.
3128.
3170.

21.
74.
50.
42.

148.
169.
182.
187.

0.7
2.5
1.6
1.3

5.2
5.8
6.2
6.3

|
|
|
|

156.
148.
109.
142.

40.
-8,
-39.
33.

3.
36.
23.
26.

34.5
-5. 1
-26.4
30.3

2.0
32.1
26.7
22.4

.|
I
.|
|

3212.
3286.
3346.
3400.

42.
74.
60.
54.

208.
208.
218.
230.

1.3
2.3
1.8
1.6

6.9
6.8
7.0
7.3

|
|
|
|

191.
156.
122.
150.

49.
-35.
-34.
28,

35.
8.
13.
8.

34. 5
-18.3
-21.8
23.0

22.4
5.4
11.9
5.6

1963-Q1___ I
-Q2--- |
-Q3--- .|
-Q4--- |

3464.
3592.
3713.
3792.

64.
128.
121.
79.

252.
306.
367.
392.

1.9
3.7
3.4
2.1

7.8
9.3
11.0
11.5

|
|
|
|

234.
227.
206.
199.

84.
-7.
-21.
-7.

43.
71.
84.
49.

56.0
-3.0
-9.3
-3.4

22.5
45.5
68.9
32.7

1964-Q1___ |
-Q2--- .|
"Q3--- .|
-Q4--- .|
I
1965-Q1___ .|
-Q2--- .|
-Q3--- .|
-Q4--- |

3921.
4086.
4197.
4304.

129,.
165.
111.
107.

457.
494,.
484.
512.

3.4
4.2
2.7
2.5

13.2
13.8
13.0
13.5

|
|
1
|

324.
273.
205.
245.

125.
-51.
-68.
40.

90.
46.
-1.
46.

62.8
-15.7
-24.9
19.5

38,5
20.3
-0.5
23.1

4425.
4583.
4686.
4823.

121.
158.
103.
137.

504.
497.
489.
519.

2.8
3.6
2.2
2.9

12.9
12.2
11.7
12.1

|
|
|
|

382.
294.
203.
270.

137.
-88.
-91.
67.

58.
21.
-2.
25.

55.9
-23.0
-31.0
33.0

17.9
7.7
-1.0
10.2

1966-Q1--- .|
-Q2--- .|
-Q3--- |
-Q4--- .|

4968.
5165.
5227.
5240.

145.
197.
62.
13.

543.
582.
541.
417.

3.0
4.0
1.2
0.2

12.3
12.7
11.5
8,6

|
|
|
|

388.
322.
146.
138.

118.
-66.
-176.
-8.

6.
28.
-57.
-132.

43.7
-17.0
-54.7
-5.5

1.6
9.5
-28.1
-48.9

1967-Q1___ |
-Q2--- |
-Q3--- |
-Q4--- .|

5274.
5377.
5463.
5569.

34.
103.
86.
106.

306,
212.
236,
329,

0.6
2.0
1.6
1.9

6.2
4.1
4.5
6.3

|
I
|
|

219.
205.
174.
239.

81.
-14.
-31.
65.

-169.
-117.
28.
101.

58.7
-6.4
-15. 1
37.4

-43.6
-36.3
19.2
73.2

1968-Q1___ .|
"Q2--- |
-Q3--- |
-Q4--- .|

5634.
5731.
5776.
5803.

65.
97.
45.
27.

360.
354.
313.
234.

1.2
1.7
0.8
0.5

6.8
6.6
5.7
4.2

|
|
|
|

279,
200.
138,
155.

40.
-79.
-62.
17.

60.
-5.
-3 6,
-84.

16.7
-28,3
-31,0
12.3

27.4
-2.4
-20,7
-35.1

1969-Q1___ .|
-Q2--- .|
-Q3---- .J
-Q4----.|

5785.
5849.
5865.
5773.

-18.
64.
16.
-92.

151.
118.
89.
-30.

-0.3
1.1
0.3
-1.6

2.7
2.1
1.5
-0.5

|
I
|
|

196.
178.
96.
70.

41.
-18.
-82.
-26.

-83.
-22.
-42.
-85.

26.5
-9.2
-46. 1
-27. 1

-29.7
-11.0
-30.4
-54.8

1970-Q1----.|
-Q2---- .|
-Q3.... .|
-Q4----.|

5675.
5670.
5667.
5649.

-98.
-5.
-3.
-18.

-110.
-179.
-198.
-124.

-1.7
-0. 1
-0.1
-0.3

-1.9
-3.1
-3.4
-2.1

|
|
|
|

80.
78.
68.
88.

10.
-2.
-10.
20.

-116.
-100.
-28.
18,

14.3
-2.5
-12.8
29.4

-59.2
-56.2
-29.2
25.7

1971-Q1____ .|
-Q2---- .|
-Q3____.|
-Q4.... .|

5545.
5564.
5594.
5601.

-104.
19.
30.
7.

-130.
-106.
-73.
-48.

-1.8
0.3
0.5
0.1

-2.3
-1.9
-1.3
-0.8

|
|
|
|

92.
137.
127.
147.

4.
45.
-10.
20.

12.
59.
59,
59.

4.5
48.9
-7.3
15.7

15.0
75.6
86,8
67.0

1972-Q1.... .|
-Q2---- .|
-Q3.... .|
-Q4.... .|

5535.
5582.
5617.
5678.

-66.
47.
35,.
61.

-10.
18,
23.
77.

-1.2
0.8
0.6
1.1

-0.2
0.3
0.4
1.4

|
|
|
1

159.
179.
155.
207.

12.
20.
-24.
52.

67.
42.
28.
60.

8.2
12.6
-13.4
33.5

72.8
30.7
22.0
40.8

1973-Q1____ .|
-Q2.... .|
-Q3.... .|
-Q4.... .|

5643.
5737.
5867.
5996.

-35.
94.
130.
129.

108.
155.
250.
318.

-0.6
1.7
2-3
2.2

2.0
2.8
4.5
5.6

|
|
|
|

223.
247.
247.
289.

16.
24.
0.
42.

64.
68.
92.
82.

7.7
10.8
0.0
17.0

40.3
38.0
59i 4
39.6

1974-Q1.... .|
-Q2.... .|
-Q3.... .|
-Q4.... .|

5999.
6128.
6247.
6327.

3.
129.
119.
80.

356.
391.
380.
331.

0. 1
2.2
1,9
1.3

6.3
6.8
6.5
5.5

|
|
|
|

277.
284.
224.
222.

-12.
7.
-60.
-2.

54.
37.
-23.
-67,

-4.2
2.5
-21. 1
-0.9

24.2
15.0
-9.3
-23.2

1975-Q1.... .|
-Q2.... .|
-Q3.... .|
-Q4.... |
i
1976-Q1.... .|
-Q2.... .|
-Q3.... .|
-Q4.... .|

6428.
6573.
6631.
6753*

101.
145.
58.
122.

429.
445.
384.
426.

1.6
2.3
0.9
1.8

7.2
7.3
6.1
6.7

|
|
|
|

363.
270,
170.
272,

141-93,
-100.
102.

86.
-14,
-54.
50,

63.5
-25.6
-37.0
60.0

31.0
-4.9
-24.1
22.5

6815.
7005.
7184.
7425.

62.
190.
179.
241.

387.
432.
553.
672.

0.9
2.8
2.6
3.4

6.0
6.6
8.3
10.0

|
|
|
|

352.
384.
367.
437.

80.
32.
-17.
70.

-11.
114.
197.
165.

29.4
9. 1
-4.4
19.1

-3.0
42.2
115,9
60,7

1977-Q1.... ,|
-Q2.... .|
-Q3.... .|
-Q4---- .1

7640.
8139.
8475.
8842.

215.
499.
336.
367.

825.
1134.
1291.
1417.

2.9
6,5
4.1
4.3

12.1
16.2
18.0
19.1

|
|
|
|

549.
748.
565.
598.

112.
199.
-183.
33.

197.
364.
198.
161.

25.6
36.2
-24.5
5.8

56.0
94,8
54.0
36.8

1978-Q1____ .|
-Q2----Q3---- .|
-04.... .|

9205.
9712.
10116.
10499.

363.
507.
404.
383.

1565.
1573.
1641.
1657.

4.1
5.5
4.2
3.8

20.5
19.3
19.4
18.7

|
|
|
|

692.
799,
640.
617.

94,
107.
-159.
-23.

143.
51.
75.
19.

15.7
15.5
-19.9
-3.6

26.0
6.8
13.3
3.2

1979-Q1.... .|
-02.... .|
-03.... .|
-Q4.... .|

10927.
11480.
11864.
12180.

428.
553.
384.
316.

1722.
1768,
1748.
1681.

4.1
5.1
3.3
2.7

18,7
18.2
17.3
16.0

|
|
|
|

840.
878.
576.
585.

223.
38.
-302.
9.

148.
79,
-64.
-32.

36. 1
4,5
-34.4
1,6

21.4
9.9
-10.0
-5.2

1980-Q1____ .|
-02.... .|
-03.... .|
-Q4.... |

12433.
12743.
12818.
12958.

253.
310.
75.
140.

1506.
1263.
954.
778.

2.1
2.5
0.6
1.1

13.8
11.0
8.0
6.4

|
|
|
|

614.
523.
190.
340.

29.
-91.
-333.
150.

-226.
-355.
-386.
-245.

5.0
-14.8
-63.7
78.9

^26.9
-40.4
-67.0
-41.9

8.
66.

533.
289.

0.1
0.5

4.3
2.3

|
|

401.
305.

61.
-96.

-213.
-218.

17.9
-23.9

-34.7
-41.7

1981-Q1.... ,| 12966.
-02.... I 13032.
J___________




29
TABLE 231.2Q

L IFE
F A RM

INSU RAN CE

COM PANIES

MORTGAGES O UTSTAN DIN G
SEA SO N A L LY -A D JU STE D

FARM MORTGAGES OUTSTANDING
I
I.
MILLIONS
OF DOLLARS
| PERCENTAGE CHANGE
I
QUARTER
|
|
FROM PREVIOUS
CHANGE
FROM PREVIOUS
I
I END OF |
YEAR
| QUARTER
YEAR
I QUARTER | QUARTER
iSAAR)
1
(SAAR)
__ L
J_
I
1961-Q1.... |
3014.
4. 1
123.
150.
5 .2
7. 3
3068.
222.
168.
5 .8
-Q2.... 1
3120.
7. 0
-Q3.... |
214.
180.
6.1
3171.
206.
187.
-Q4.... 1
6.6
6.3

AND A C Q U I R E D
D ATA

FARM MORTGAGES ACQUIRED
MILLIONS OF DOLLARS
ACQUIRED
IN
QUARTER
(SAAR)
487.

|
|
| CHANGE FROM PREVIOUS
I
| QUARTER
YEAR
|
1

PERCENTAGE CHANGE
FROM PREVIOUS
QUARTER

YEAR

560.
639.

-99.
444.
-52.
391.

15.
134.
119.
125.

-19.2
91.2
-9. 1
69-9

3. 3
30.4
27.1
24.3

7.0
6.7
6.9
7.3

605.
588.
624.
684.

-126.
-64.
156.
277.

117.
15.
64.
45.

-19.7
-10.6
26.6
44,4

24.1
2.6
11.5
7.0

573.

1962-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... |

3224.
3274.
3337.
3402.

219.
203.
260.
267.

210.
205.
216.
231.

6.9
6. 3
7.9

1963-Q1.... |
-Q2.... 1
-Q3.... 1
-Q4---- |

3477.
3576.
3702.
3795.

314.
411.
534.
383.

253.
302.
366.
393.

9. 2
11.8
14.9
10.3

7. 9
9.2
11.0
11.6

736.
844.
1063.
901.

235.
535.
1279.
-515.

131.
256.
439.
217.

34.4
72.7
151.6
-48. 5

21.7
43.5
70.4
31.7

1964-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... |

3936.
4065.
4185.
4306.

597.
543.
504.
505.

458.

489.
483.
512.

15.7
13.8
12.4
12.1

13.2
13.7
13.0
13.5

1028.
1002.
1078.
1110.

627.
-101.
345.
133.

291.
158.
15.
210.

69.6
-9.8
34,4
12.3

39.6
18.7
1.5
23.3

1965-Q1.... |
-Q2.... |
-Q3.... 1
-Q4.....|
I
1966-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... |

4440.
4558.
4673.
4823.

561.
489.
480.
628.

505.
493.
488.
517.

13.0
11.0
10.5
13.4

12.8
12.1
11.7
12.0

11 83,
1076.
1082.
1177.

322.
-373.
23.
434.

155.
75,
4.
67.

29,0
-31.6
2. 1
40. 1

15-1
7.5
0.3
6.0

4984.
5137.
5213.
5236.

679.
640308.
95.

544.
580.
539.
413.

14. 1
12.8
6.0
1.8

12.3
12.7
11.5
8.6

1224.
1164,
779.
634.

198.
-221.
-931.
-437.

40.
88.
-303.
-543.

16,8
-18.0
-80.0
-56. 1

3.4
8.2
-28.0
-46.2

1967-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... I

5292.
5352.
5446.
5560.

228.
242.
388.
469.

308.
215.
234.
324.

4 .4

4.6
7.2
8.6

6.2
4.2
4.5
6.2

713.
749.
919.
1014.

383.
154.
951.
442.

-510.
-415.
141.
380.

60.5
21.6
126.9
48,1

-41.7
-35.7
18.1
60.0

1968-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... |
1
1969-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... |
I
1970-Q1.... I
-Q2.... |
-Q3.... |
-Q4.... 1

5656.
5711.
5756.
5787.

395.
222.
182.
126.

364.
359.
310.
227.

7. 1
3. 9
3.2
2. 2

6-9
6.7
5.7
4.1

938.
722.
708.
638.

-271.
-610.
-53.
-242.

225.
-27.
-211.
-376.

-26,7
-65.0
-7.3
-34, 1

31.6
-3.6
-23.0
-37.1

5811.
5836.
5842.
5751.

97.
99.
25.
-355.

155.
125.
86.
-36.

1.7
1.7
0.4
-6. 1

2.7
2-2
1,.5
-0.6

675.
648.
469.
306.

159.
-100.
-471.
-383.

-264.
-74.
-240.
-332.

24.9
-14,9
-72.7
-81.7

-28.1
-10.2
-33.8
-52,0

5704.
5663.
5643.
5623.

-185-161.
-80.
-83.

-107.
-172.
-199,.
-129.

-3. 2
-2.8
-1.4
-1.5

-1.8
-3.0
-3.4
-2.2

294.
282,
337.
368.

-45.
-46.
290.
144.

-380,
-366.
-132.
62.

-14.8
-15.7
102.9
42.8

-56.4
-56.5
-28,2
20.1

1971-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... |

5576.
5561.
5571.
5572.

-184.
-58.
37.
6.

-128.
-102.
-73.
-51.

-3.3
-1.0
0.7
0.1

-2.2
-1.8
-1.3
-0.9

335.
499.
589.
612.

-115.
1315.
471.
99.

41.
217.
253.
244.

-31.3
392.6
94.3
16.7

13.8
76.9
75.0
66.4

1972-Q1.... I
-Q2.... |
-Q3.... |
-Q4.... |

5567.
5580.
5594.
5648.

-19.
52.
57.
216.

-9.
1924.
76.

-0.3
0.9
1.0
3.9

-0.2
0.3
0.4
1.4

572.
653.
713.
833.

-145.
398.
273.
616.

237.
154.
123.
220.

-23.7
69.6
41.7
86.4

70.9
30.9
20.9
36.0

1973-Q1.... |
-Q2.... |
-Q3.... |
-Q4---- |

5675.
5733.
5845.
5966.

111.
235.
461.
497.

108.
153.
251.
318.

2.0
4. 1
8.5

1.9
2.7
4.5
5.6

835.
906.
1146.
1233.

11.
320.
1413.
392.

263.
253.
433.
401.

1.3
38.3
156.0
34.2

46.0
38.7
60.8
48.1

1974-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... |
1
1975-Q1.... |
-Q2.... 1
-Q3.... |
-Q4.... |
1
1976-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... |
1
1977-Q1.... |
-Q2..... |
-Q3.... |
-Q4.... |

6032.
6119.
6225.
6298.

272.
353.
434.
300.

357.
386.
380.
333.

4.6
5. 9
7. 1
4. 8

6.3
6.7
6.5
5.6

1025.
1037,
1035.
957.

-644.
46.
-9.
-276.

190131.
-276.

-52.2
4. 5
-0.9
-26.7

22.8
14.4
-9.7
-22.4

6462.
6557.
6608.
6727.

683.
384.
207.
492.

430.
438.
383.
429.

10.8
5. 9
3.2
7. 5

7. 1
7.2
6.2
6.8

1393.
969.
800.
1088.

3339.
-1067.
-519.
1937.

368.
-67.
-234.
131.

348.8
-76.6
-53.6
242.0

35.9
-6.5
-22.6
13.7

6851.
6979.
7159.
7402.

506.
530.
745.
1022.

388.
423.
551.
674.

7.5
7.7
10.7
14.3

6.0
6.4
8.3
10.0

1323.
1366.
1730.
1778.

1290.
181.
2146.
202-

-70.
397.
930.
690.

118.5
13.7
157.1
11.7

-5,0
40.9
116.2
63.4

76788101.
8447.
8822.

1170.
1837.
1477.
1601.

828.
1122.
1289.
1421.

15.8
23.9
18.2
19.0

12.1
16.1
18.0
19.2

2055.
2601.
2692.
2447.

1391,
3226,
381,
-855.

731.
1235.
962.
668.

78,2
157.0
14.6
-31.8

55.3
90.4
55.6
37.6

1978-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... 1

9247.
9659.
10079.
10468.

1826.
1760.
1794.
1649.

1569.
1557.
1631.
1646.

20.7
19.0
18.6
16.4

20.4
19.2
19.3
18.7

2628.
2733.
3090.
2665.

810.
449.
1732.
-1380.

573.
132.
398.
219.

33.1
17.1
63.4
-44.7

27.9
5.1
14.8
8.9

1979-Q1.... |
-Q2.... |
-Q3.... |
-Q4.... |

10981.
11413.
11822.
12146.

2210.
1829.
1725.
1354.

1734.
1754.
1743.
1678.

21.1
16.7
15.. 1
11.4

18.8
18.2
17.3
16.0

3170,
2959.
2808.
2614.

2665.
-763.
-558.
-700.

542.
225.
-282.
-51.

100,0
-24.1
-18,8
-24.9

1980-Q1.... |
-Q2.... I
-Q3.... |
-Q4.... |

12494.
12665.
12776.
12930.

1452..
699.
449.
627.

1513.
1253.
955.
784.

12.0
5.6
3.5
4.9

13.8
11.0
8. 1
6.5

2401.
1763.
931.
1406.

-752.
-1704.
-1625.
3902.

-768.
-1196.
-1877.
-1208.

-28.8
-71.0
-92. 2
419.0

-24.2
-40.4
-66.8
-46.2

1981-Q1.... |
“Q2.... |

13029.
12951.

400.
-310.

535.
286.

3. 1
-2.4

4.3
2.3

1602.
1030.

966.
-1328.

-799.
-733.

68.7
-82.9

-33.3
-41.6

__ L




8. 0

8 .0

- 1 1 1 .

2 0 . 6
8 . 2
- 9 . 1

-1.9




30

TABLE 231.3Q

LIFE INSURANCE COMPANIES
FARM MORTGAGES ACQUIRED
FOUR-QUARTER MOVING TOTAL

YEAR
ENDING—

MILLIONS |
OF
|
DOLLARS |

CHANGE FROM
PREVIOUS YEAR
MILLIONS
OF
DOLLARS

PERCENT

|
|

AS PERCENTAGE OF
OUTSTANDING

| MORTGAGES*

COMMITMENTS*

1961-Q1---Q2---Q3---Q4---

470.
506.
529.
555.

-25.
34.
66.
88.

-5.1
7.2
14.3
18.8

16.
17.
18.
18.

639.
664.
668.
651.

1962-Q1---Q2---Q3---Q4---

590.
598.
611.
619.

120.
92.
82.
64.

25.5
18.2
15.5
11.5

19.
19.
19.
19.

647.
628.
617.
610.

1963-Q1___
-Q2....
-Q3----Q 4----

662.
733.
817.
866.

72.
135.
206.
247.

12.2
22.6
33.7
39.9

20.
22.
24.
24.

623.
639.
662.
655.

1964-Q1----Q2....
-Q3....
-Q4---

956.
1002.
1001.
1047.

294.
269.
184.
181.

44.4
36.7
22.5
20.9

26.
27.
26.
26.

636.
616.
576.
549.

1965-Q1___
-Q2....
-Q3---Q4----

1105.
1126.
1124.
1149.

149.
124.
123.
102.

15.6
12.4
12.3
9.7

27.
26.
26.
26.

548.
537.
520.
515.

1966-Q1....
-Q2....
-Q3....
-Q4....

1155.
1183.
1126.
994.

50.
57.
2.
-155.

4.5
5.1
0.2
-13.5

25.
25.
23.
20.

497.
476.
454.
425.

1967-Q1....
-Q2....
-Q3....
-Q4....

825.
708.
736.
837.

-330.
-475.
-390.
-157.

-28. 6
-40.2
-34.6
-15.8

16.
14.
14.
16.

391.
389.
417.
453.

1968-Q1....
-Q2---Q3....
-Q4---

897.
892.
856.
772.

72.
184.
120.
-65.

8.7
26.0
16.3
-7.8

17.
16.
15.
14.

456.
427.
396.
376.

1969-Q1___
-Q2....
-Q3----Q4....

689.
667.
625.
540.

-208.
-225.
-231.
-232.

-23.2
-25.2
-27.0
-30.1

12.
12.
11.
9.

355.
353.
353.
300.

1970-Q1....
-Q2....
-Q3....
-Q4....

424.
324.
296.
314.

-265.
-343.
-329.
-226.

-38.5
-51.4
-52.6
-41.9

7.
6.
5.
6.

235.
185.
168.
188.

1971-Q1....
-Q2....
-Q3....
-Q4....

326.
385.
444.
503.

-98.
61.
148.
189.

-23.1
18.8
50.0
60.2

6.
7.
8.
9.

213.
258.
290.
303.

1972-Q1....
-Q2....
-Q3....
-Q4....

570.
612.
640.
700.

244.
227.
196.
197.

74.8
59.0
44.1
39.2

10.
11.
11.
13.

299.
273.
247.
239.

1973-Q1....
-Q2....
-Q3....
-Q4....

764.
832.
924.
1006.

194.
220.
284.
306.

34.0
35.9
44.4
43.7

14.
1516.
18.

242.
243.
242.
240.

1974-Q1....
-Q2....
-Q3....
-Q4....

1060.
1097.
1074.
1007.

296.
265.
150.
1.

38.7
31.9
16.2
0.1

18.
19.
18.
17.

235.
228.
205.
179.

1975-Q1....
-Q2....
-Q3....
-Q4....

1093.
1079.
1025.
1075.

33.
-18.
-49.
68.

3.1
-1.6
-4.6
6.8

18.
17.
16.
17.

185.
187.
198.
230.

1976-Q1....
-Q2....
-Q3....
-Q4....

1064.
1178.
1375.
1540.

-29.
99.
350.
465.

-2.7
9.2
34.1
43.3

16.
18.
20.
22.

242.
265.
295.
316.

1977-Q1....
-Q2....
-Q3....
-Q4....

1737.
2101.
2299.
2460.

673.
923.
924.
920.

63.3
78.4
67.2
59.7

24.
29.
30.
31.

340.
388.
392.
383.

1978-Q1....
-Q2....
-Q3....
-Q4....

2603.
2654.
2729.
2748.

866.
553.
430.
288.

49.9
26.3
18.7
11.7

31.
31.
30.
29.

374.
353.
340.
330.

1979-Q1....
-Q2....
-Q3....
-Q4....

2896.
2975.
2911.
2879.

293.
321.
182.
131.

11.3
12.1
6.7
4.8

29.
29.
27.
26.

334.
341.
327.
315.

1980-Q1....
-Q2....
-Q3....
-Q4....

2653.
2298.
1912.
1667.

-243.
-677.
-999.
-1212.

-8.4
-22.8
-34.3
-42.1

23.
19.
16.
13.

284.
259.
253.
255.

1981-Q1....
-Q2....

1454.
1236.

-1199.
-1062.

-45.2
-46.2

11.
10.

264.
245.

* AVERAGE AMOUNT OUTSTANDING DURING THE PRECEDING FOUR QUARTERS (AVERAGE OF END-OF-QUARTER DATA)

37
TABLE 232.1Q
LIFE INSURANCE COMPANIES
FARM MORTGAGE COMMITMENTS— OUTSTANDING AND NEW

OUTSTANDING FARM MORTGAGE COMMITMENTS
MILLIONS OF DOLLARS

|
|
END OF | CHANGE FROM PREVIOUS
QUARTER |
|
| OUARTER
YEAR __

QUARTER

NEW FARM MORTGAGE COMMITMENTS

PERCENTAGE CHANGE
FROM PREVIOUS
QUARTER

YEAR

MILLIONS OF DOLLARS
|
|
MADE IN | CHANGE FROM PREVIOUS
QUARTER |
|
YEAR
1 OUARTER

PERCENTAGE CHANGE
FROM PREVIOUS
QUARTER

YEAR

1961- Q1.
-Q2.
-Q3.
-Q4.

80.
76.
96.
113.

-9.
-4.
20.
17.

11.
12.
24.
24.

-10. 1
-5.0
26.3
17. 7

15.9
18.8
33.3
27.0

105.
97.
99.
116.

7.
-8.
2.
17.

16.
24.
30.
18.

7. 1
-7.6
2. 1
17.2

18.0
32-9
43.5
18,4

1962- Q1.
-Q2.
-Q3.
-Q4.

96.
91.
106.
132.

-17.
-5.
15.
26.

16.
15.
10.
19.

-15.0
-5.2
16.5
24. 5

20.0
19.7
10.4
16.8

119.
101.
106.
133.

3.
-18.
5.
27.

14.
4.
7.
17.

2.6
-15. 1
5.0
25.5

13.3
4.1
7.1
14.7

1963- Q1.
-Q2.
-Q3.
-Q4.

130.
126.
141.
204.

-2.
-4.
15.
63.

34.
35.
35.
72.

-1.5
-3. 1
11.9
44.7

35.4
38.5
33.0
54.5

162.
153.
135.
208.

29.
-9.
-18.
73.

43.
52.
29.
75.

21.8
-5.6
-11.8
54. 1

36.1
51.5
27.4
56.4

1964- Q1.
-Q2.
-Q3.
-Q4.

180.
170.
209.
247.

-24.
-10,.
39.
38.

50.
44.
68.
43.

-11.8
-5.6
22.9
18.2

38.5
34.9
48.2
21.1

200.
183.
196.
212.

-8.
-17.
13.
16.

38.
30.
61.
4.

-3.8
-8.5
7. 1
8.2

23.5
19.6
45.2
1.9

1965- Q1.
-Q2.
“Q3.
-Q4.

213.
195.
237.
284.

-34.
-18.
42.
47.

33.
25.
28.
37.

-13.8
-8.5
21.5
19.8

18.3
14.7
13.4
15.0

227.
180.
185.
252.

15.
-47.
5.
67.

27.
-3.
-11.
40.

7.1
-20.7
2.8
36.2

13.5
-1.6
-5.6
18.9

1966- Q1.
-Q2.
-Q3.
-Q4.

278.
194.
180.
192.

-6.
-84.
-14.
12.

65.
-1.
-57.
-92.

-2.1
-30.2
-7.2
6.7

30.5
-0.5
-24.1
-32.4

264.
149.
96.
107.

12.
-115,
-53.
11.

37.
-31.
-89.
-145.

4.8
-43.6
-35.6
11.5

16.3
-17.2
-48.1
-57.5

1967- Q1«
-Q2.
-Q3.
-Q«.

162.
172.
213.
240.

-30.
10.
41.
27.

-116.
-22.
33.
48.

-15.6
6.2
23.8
12.7

-41.7
-11.3
18.3
25.0

131.
148.
163.
219.

24.
17.
15.
56.

-133.
-1.
67.
112.

22.4
13.0
10. 1
34.4

-50.4
-0.7
69.8
104.7

1968- Q1.
-Q2.
-Q3.
-Q4.

210.
202.
170.
194.

-30.
-8.
-32.
24.

48.
30.
-43.
-46.

-12.5
-3.8
-15.8
14. 1

29.6
17.4
-20.2
-19.2

170.
129.
95.
151.

-49.
-41.
-34.
56.

39.
-19.
-68,
-68.

-22.4
-24. 1
-26.4
58.9

29.8
-12.8
-41.7
-31.1

1969-

190.
154.
182.
196.

-4,.
-36.
28.
14.

-20.
-48.
12.
2.

-2. 1
-18.9
18.2
7.7

-9.5
-23.8
7.1
1.0

164.
122.
109.
85.

13.
-42.
-13.
-24.

-6.
-7.
14.
-66.

8.6
-25.6
-10.7
-22.0

-3.5
-5.4
14,7
-43.7

1970- Q1.
-Q2.
-Q3.
-Q4.

168.
157.
148.
139.

-28..
-11.
-9.
-9.

-22.
3.
-34.
-57.

-14.3
-6.5
-5.7
-6.1

-11.6
1.9
-18.7
-29.1

52.
75.
50.
94.

-33.
23.
-25.
44.

-112.
-47.
-59.
9.

-38.8
44.2
-33-3
68,0

-68.3
-38.5
-54.1
10.6

1971- Q1.
-Q2.
-Q3.
-Q4.

154.
171.
199.
239.

15.
17.
28.
40.

-14.
14.
51.
100.

10.8
11.0
16.4
20.1

-8.3
8.9
34.5
71.9

110.
141.
134.
178.

16.
31.
-7.
44.

58.
66.
84.
84.

17.0
28.2
-5.0
32.8

111.5
88.0
168.0
89.4

1972- Q1.
-Q2.
-Q3.
-Q4.

287.
313.
335.
329.

48,.
26.
22.
-6.

133.
142.
136.
90.

20.1
9. 1
7.0
-1.8

86.4
83.0
68.3
37.7

195.
207.
166.
208.

17.
12.
-41.
42.

85.
66.
32.
30.

9.6
6.2
-19.8
25.3

77,3
46.8
23.9
16.9

1973- Q1.
-Q2.
-Q3.
-Q4.

394.
467.
484.
456.

65.
73.
17.
-28.

107.
154.
149.
127.

19.8
18.5
3.6
-5.8

37.3
49.2
44.5
38.6

258.
326.
267.
238,

50.
68,
-59.
-29.

63.
119.
101.
30.

24. 0
26.4
-18. 1
-10.9

32.3
57,5
60.8
14.4

1974- Q1.
-Q2.
-Q3.
-Q4.

520.
640.
636.
570.

64.
120.
-4.
-66.

126.
173152.
114.

14.0
23. 1
-0.6
-10.4

32.0
37.0
31.4
25.0

304.
419.
215.
130.

66.
115.
-204.
-85.

46.
93.
-52.
-108.

27.7
37.8
-48.7
-39.5

17.8
28.5
-19.5
-45.4

1975- Q1.
-Q2.
-Q3.
-Q4.

466.
399.
438.
459.

-104.
-67.
39.
21.

-54.
-241.
-198.
-111.

-18.2
-14. 4
9.8
4.8

-10.4
-37.7
-31.1
-19.5

250.
164.
236.
289.

120.
-86.
72.
53.

-54.
-255.
21.
159.

92.3
-34. 4
43.9
22.5

-17.8
-60,9
9.8
122.3

1976- Q1.
-Q2.
-Q3.
-Q4.

479.
490.
520.
553.

20.
11.
30,
33.

13.
91.
82.
94.

4.4
2.3
6. 1
6.3

2.8
22.8
18.7
20.5

329.
364.
320.
453-

40.
35.
-44.
133.

79.
200.
84.
164.

13.8
10.6
-12.1
41.6

31.6
122.0
35.6
56.7

1977- Q1.
-Q2.
-Q3.
-Q4.

603.
671.
745.
768.

50,
68.
74.
23.

124.
181.
225.
215.

9.0
11.3
11.0
3. 1

25.9
36.9
43.3
38.9

592.
674.
558.
612.

139.
82.
-116.
54.

263.
310.
238.
159.

30.7
13.9
-17,2
9.7

79.9
85.2
74.4
35.1

1978- Q1.
-Q2.
-Q3.
-Q4.

827.
869.
862.
912.

59.
42.
-7.
50.

224.
198.
117.
144.

7.7
5. 1
-0.8
5.8

37.1
29.5
15.7
18.8

738.
717.
552.
597.

126.
-21.
-165.
45.

146.
43.
-6.
-15.

20.6
-2.8
-23.0
8,2

24.7
6,4
-1.1
-2.5

1979- Q1.
-Q2.
-Q3,
-Q4.

850.
942.
948.
996.

-62.
92.
6.
48.

23.
73.
86.
84.

-6.8
10.8
0.6
5. 1

2.8
8.4
10.0
9-2

803.
784.
559.
571.

206.
-19.
-225.
12.

65.
67.
7.
-26.

34. 5
-2.4
-28.7
2. 1

8.8
9.3
1.3
-4.4

1980- Q1.
-Q2
-Q3.
-Q4,

665.
415.
536.
587.

-331.
-250.
121.
51.

-185.
-527.
-412.
-409.

-33.2
-37.6
29.2
9.5

-21.8
-55.9
-43.5
-41.1

374.
124.
323.
412.

-197.
-250.
199.
89.

-429.
-660.
-236.
-159,

-34. 5
-66.8
160.5
27.6

-53.4
-84.2
-42.2
-27-8

1981-Q1
-Q2.

483.
469.

-104.
-14.

-182.
54.

-17.7
-2.9

-27.4
13.0

265.
300.

-147.
35.

-109.
176.

-35.7
13.2

-29.1
141.9

Q1.

-Q3.
-Ql».




32
TABLE 232.2Q

LIFE INSURANCE COMPANIES
FARM MORTGAGE COHHITHENTS— OUTSTANDING AND NEW
SEASONALLY-ADJUSTED DATA
OUTSTANDING FARM MORTGAGE COMMITMENTS
MILLIONS OF DOLLARS

QUARTER

|
|

PERCENTAGE CHANGE
FROM PREVIOUS

|
I

QUARTER
£SAAR)

CHANGE FROM PREVIOUS
END OF
QUARTER

QUARTER
(SAAR)

YEAR

YEAR

|

1961-Q1....
-Q2....
-Q3....
-Q4....

82.
87.
97.
97.

26.
19.
52.
-1-

11.
13.
25.
21.

33.8
23.4
60. 1
-0.9

15.3
18.1
33.7
27.2

1962-Q1____
-Q2....
-Q3....
- Q < * ....

98.
104.
108.
114.

3.
25.
19.
24.

16.
17.
11.
17.

3.3
26.0
18.5
21.9

19.3
19.9
11.2
17.1

1963-Q1....
-Q2....
-Q3....
-Q4....

132.
144.
145.
177.

93,.
55.
4.
177.

34.
40.
37.
63.

81.5
41.3
2.9
122.0

34.8
38.8
33.9
55.6

1964-Q1....
-Q2....
-Q3....
-Q4....

183.
195.
217.
216.

24.
53.
102-0.

51.
51.
71.
39.

13.5
29. 1
52.3
-0.1

38.4
35.3
49.2
22.2

1965-Q1....
-Q2....
-Q3....
-Q4....

217.
223.
246.
252.

3.
24.
108.
27.

34.
28.
30.
36.

1.3
11.0
48.6
10.8

18-8
14.3
13.6
16.6

1966-Q1....
-Q2....
-Q3....
-Q4....

285.
220.
186.
174.

156.
-183.
-108.
-45.

68.
-3.
-60.
-79.

61.9
-64.2
-48.9
-24.1

31.1
-1.2
-24.3
-31.2

1967-Q1----Q2----Q3....
-Q4----

166.
192.
219.
222.

-29.
131.
132.
14.

-119.
-28.
33.
49.

-16.7
78-8
68.6
6.6

-41.7
-12.8
17.5
27.9

1968-Q1----Q2....
-Q3----Q4....

214.
221.
173.
184.

-30.
28.
-138.
48.

48.
29.
-45.
-38.

-13.3
13.0
-62.2
27.5

29.2
15.2
-20.7
-17.1

1969-Q1____
-Q2....
-Q3....
-Q4....

193.
164.
184.
191.

38.
-91.
93.
32.

-22.
-57.
11.
7.

20.4
-47.2
56.5
17.2

-10.0
-25.6
6. 1
3.9

1970-Q1.___
-Q2....
-Q3....
-Q4....

170.
164.
148.
139.

-73.
-21.
-55.
-32.

-23.
-0.
-36.
-52.

-38.2
-12.5
-33.8
-21.4

-12.1
-0.2
-19.5
-27.2

1971-Q1....
"Q2....
-Q3....
-Q4....

155.
175.
197.
245.

75.
93.
108.
276.

-14.
10.
49.
106.

53.5
60.2
62.0
140.0

-8.5
6.4
33.0
75.8

1972-Q1....
-Q2....
“Q3-....
-Q4....

289.
315.
329.
342.

230.
119.
59.
54.

134.
141.
132.
97.

93.8
41.2
18.8
16.4

86.4
80.6
67.1
39.5

1973-Q1....
-Q2....
-Q3....
-Q4....

398.
466.
474.
476.

288.
345.
33.
11.

109.
150.
145.
134.

84.4
86.5
7.2
2.2

37.7
47.7
43.9
39.3

1974-Q1____
-Q2....
-Q3----Q4....

528.
639.
622.
592.

240.
605.
-62.
-113.

129,.
173.
149.
116.

50.4
114.7
-9.8
-18.2

32.4
37.2
31.4
24.3

1975-Q1....
-Q2....
-Q3....
-Q4....

473.
399.
430.
470.

-350.
-234.
139.
187.

-54.
-240.
-193.
-122.

-59.2
-49.5
34. 9
43.5

-10.3
-37.5
-30.9
-20.5

1976-Q1....
-Q2....
-Q3....
-04....

486.
495.
514.
557.

65.
39.
80.
192.

13.
96.
84.
86.

13.8
7.9
16.1
37.4

2.7
24.2
19.6
18.3

1977-Q1....
-02....
-Q3....
-04....

611.
686.
741.
762.

251.
361.
245.
90.

125.
191.
227.
205.

45.1
59.1
35.8
12m 1

25.7
38.5
44.1
36.9

1978-Q1....
-Q2....
-03....
-Q4....

838.
900.
859.
894.

353.
276.
-151.
146.

227.
214.
119.
132.

46.3
32.9
-16.8
17.0

37.2
31.1
16.0
17.3

1979-Q1....
-02....
-03....
-04....

862.
982.
944.
969.

-119.
590.
-144.
104.

24.
82.
85.
75.

-13.3
68.4
-14.7
11.0

2.9
9.2
9.9
8.4

1980-Q1....
-02....
-Q3....
-Q4....

674.
434.
534.
569.

-742.
-558.
555.
156-

-188.
-548.
-411.
-400.

-76.6
-82.8
127.9
29.2

-21.8
-55.8
-43.5
-41.3

1981-Q1....
-02....

490.
492.

-256.
8.

-185.
57.

-45.1
1.6

-27.4
13.2




I
1
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
1
1
1
1
1
1
1
1
1
1
\
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
I
1
1
1
1
1
1
1
1
1
1
1
1
_1_

NEW FARM MORTGAGE COMMITMENTS
MILLIONS OF DOLLARS

1 PERCENTAGE CHANGE
FROM PREVIOUS
1
MADE IN | CHANGE FROM PREVIC)US|
QUARTER
1
(SAAR)
YEAR
| QUARTER
YEAR
1 QUARTER
I
1
377.
416.
454.
429.

14.
39.
39.
-26.

59.
100.
142.
66.

3.8
10.4
9.3
-5.6

18.4
31.5
45.5
18-1

427.
432501.
492-

-1.
5.
69.
-9.

50.
17.
47.
63.

-0.3
1.2
15.9
-1.8

13.4
4.0
10.3
14.8

577.
645.
640.
762.

85.
67.
-4.
121.

150.
212.
139.
270.

17.3
11.7
-0.7
19.0

35.1
49.1
27.7
54-8

707.
786.
949.
763.

-55.
79.
163.
-186.

130.
142.
309.
1.

-7.2
11.2
20.7
-19.6

22.5
22.0
48.2
0.2

801.
776.
908.
909.

38.
-26.
133.
0.

94.
-10.
-41.
146.

5.0
-3.2
17. 1
0.0

13.3
-1-3
-4.3
19.1

937.
638.
466.
383.

28.
-299.
-173.
-82.

136.
-137.
-443.
-525.

3. 1
-31.9
-27. 1
-17.6

16.9
-17.7
-48.8
-57.8

469.
640.
779.
779.

85.
171.
139.
-0.

-468.
2.
313.
395.

22.2
36.6
21.7
-0.0

-50.0
0.3
67.3
103.0

624.
536.
458.
538.

-155,.
-88.
-78.
80.

155.
-104.
-321.
-241.

-19.9
-14. 1
-14.6
17.4

33,. 1
-16.3
-41.2
-31.0

620.
488.
504.
315.

83.
-132.
16.
-190.

-3.
-48.
47.
-223.

15.4
-21.3
3.3
-37.6

-0.5
-8.9
10.2
-41.4

196.
304.
239,.
346.

-119.
108.
-65.
107.

-424.
-184.
-265.
31.

-37.7
54.9
-21.3
44.7

-68.4
-37.7
-52.6
10.0

407.
528.
628.
705.

61.
120.
101.
77.

211.
224.
389.
359.

17.6
29.5
19. 1
12.2

107.6
73.6
162.7
103.7

722.
767.
754.
853.

17.
46.
-13.
99.

315.
240.
126.
148.

2-4
6.3
-1.7
13. 1

77.2
45.5
20.1
21.0

9751249.
1181.
1022.

122.
274.
-67.
-160.

253.
481.
427.
169.

14.3
28. 1
-5.4
-13.5

35.1
62.7
56.6
19.8

1094.
1555.
945.
564.

73.
460.
-609.
-381.

120.
306,.
-236-458.

7. 1
42. 1
-39.2
-40.3

12.3
24.5
-20.0
-44.8

902.
620.
10421255.

338.
-282.
422.
213.

-192.
-934.
97.
691.

60.0
-31.2
67.9
20.4

-17.6
-60.1
10.3
122.6

1199.
1381.
1429.
1892.

-56.
182.
48.
464.

297.
761.
387.
637.

-4. 5
15.2
3-4
32.5

32.9
122.6
37.1
50.8

2151.
2611.
2508.
2460.

258.
460.
-103.
-47.

952.
1230.
1079.
568.

13.6
21.4
-3.9
-1.9

79.4
89.0
75.5
30.0

2684.
2920.
2516.
2314.

224.
235.
-403.
-202.

534.
309.
8.
-146.

9. 1
8.8
-13.8
-8.0

24.8
11.8
0.3
-5.9

2959.
3117.
2532.
2182.

645.
158.
-585.
-350.

275.
19816,.
-132.

27.9
5.3
-18.8
-13.8

10.2
6.8
0.6
-5.7

1359.
532.
1442.
1552.

-823.
-827.
910.
110.

-1600.
-2585.
-1090.
-630.

-37.7
-60.9
171.1
7.6

-54-1
-82.9
-43.0
-28.9

969.
1218.

-583.
249.

-389.
686.

-37.5
25.7

-28.7
129.0

33
TABLE 232.3Q
LIFE INSURANCE COMPANIES
NEW FARM MORTGAGE COMMITMENTS
FOUR-QUARTER MOVING TOTAL

YEAR
ENDING—

I
I
| MILLIONS |
I
OF
|
| DOLLARS |
I
I

CHANGE FROM
PREVIOUS YEAR
MILLIONS
OF
DOLLARS

PERCENT

|
AS PERCENTAGE OF
|
OUTSTANDING
|I
I
I - - ..
I| MORTGAGES
..
| MORTGAGES* COMMITMENTS* | ACQUIRED
II
i

TAKEDOWNS
OF
COMMITMENTS

l
1961-Q1___
-Q2---Q3--- •I
-Q4--- - I

345.
369.
399.
417.

3.
30.
72.
88.

0.9
8.8
22.0
26.7

12.
12.
13.
14.

469.
484.
503.
489.

73.
73.
75.
75.

110.
111.
115.
116.

1962-Q1___ •I
-Q2---Q3--- . |
-Q4--- •1

431.
435.
442.
459.

86.
66.
43.
42.

24.9
17.9
10.8
10. 1

14.
14.
14.
14.

472.
457.
446.
452.

73.
73.
72.
74.

114.
113.
114.
115.

1963-Q1___
-Q2--- •1
-Q3--- -1
-Q4--- • 1
1
1964-Q1___
-Q2--- • 1
-Q3--- •1
-Q4--1
1965-Q1___ •1
-Q2--- . |
-Q3---Q4--- -1

502.
554.
583.
658.

71.
119.
141.
199.

16.5
27.4
31.9
43.4

15.
16.
17.
19.

472.
483.
472.
498.

76.
76.
71.
76.

121.
120.
119.
126.

696.
726.
787.
791.

194.
172.
204.
133.

38.6
31.0
35.0
20.2

19.
19.
20.
20.

463.
446.
453.
415.

73.
7279.
76.

118.
116.
120.
115.

818.
815.
804.
844.

122.
89.
17.
53-

17.5
12.3
2.2
6.7

20.
19.
18.
19.

406.
389.
372.
378.

74.
72.
72.
73.

114.
113.
113.
114.

1966-Q1___
-Q2---Q3---Q4---

•1
.1
•1
•1

881.
850.
761.
616.

63.
35.
-43.
-228.

7.7
4.3
-5.3
-27.0

19.
18.
15.
12.

379.
342.
307.
263.

76.
72.
68.
62.

118.
109.
102.
96.

1967-Q1___ • 1
-Q2---Q3---Q4--- • I

483.
482.
549.
661.

-398.
-368.
-212.
45.

-45.2
-43.3
-27.9
7.3

9.
9.
10.
12.

229.
265.
311.
358.

59.
68.
75.
79.

89.
105.
116.
116.

1968-Q1___ • 1
-Q2---Q3--- •1
-Q4--- .1
1
1969-Q1___
-Q2--- • 1
-Q3-... •1
-Q4--- • 1
1
1970-Q1___
- Q2... .• 1
-Q3--- • 1
-Q4--- •1
1
1971-Q1--- • 1
-Q2---Q3--- • 1
-Q4--- •1

700.
681.
613.
545.

217.
199.
64.
-116.

44.9
41.3
11.7
-17.5

13.
12.
11.
10.

356.
326.
283.
265.

78.
76.
72.
71.

116.
114.
103.
103,.

539.
532.
546.
480.

-161.
-149.
-67.
-65.

-23.0
-21.9
-10.9
-11.9

9.
9.
9.
8.

278.
281.
308.
267.

78.
80.
87.
89.

109.
105.
117.
115.

368.
321.
262.
271.

-171.
-211.
-284.
-209.

-31.7
-39.7
-52.0
-43.5

6.
6.
5.
5.

204.
183.
149.
162.

87.
99.
89.
86.

107.
118.
105.
106.

329.
395.
479.
563.

-39.
74.
217.
292.

-10.6
23.1
82.8
107.7

6.
7.
9.
10.

215.
264.
313.
340.

101.
103.
108.
112.

126.
130.
136.
140.

1972-Q1___
-Q2---Q3---Q4---

648.
714.
746.
776.

319.
319.
267.
213.

97.0
80.8
55.7
37.8

12.
13.
13.
14.

340.
319.
287.
264.

114.
117.
117.
111.

145.
144.
142.
130.

839.
958.
1059.
1089.

191.
244.
313.
313.

29.5
34.2
42.0
40.3

15.
17.
19.
19.

266.
280.
278.
260.

110.
115.
115.
108.

130.
135.
131.
127.

1135.
1228.
1176.
1068.

296.
270.
117.
-21.

35.3
28.2
11.0
-1.9

20.
21.
20.
18.

252.
255.
224.
190.

107.
112.
109.
106.

126.
134.
133.
132.

1014.
759.
780.
939.

-121.
-469.
-396.
-129.

-10.7
-38.2
-33.7
-12. 1

16.
12.
12.
14.

171.
131.
151.
201.

93.
70.
76.
87.

111.
87.
93.
104.

1018.
1218.
1302.
1466.

4.
459.
522.
527.

0.4
60.5
66.9
56. 1

15.
18.
19.
21.

231.
274,.
279.
301.

96.
103.
95.
95.

121.
128.
125.
122.

1729.
20392277.
2436.

711.
821.
975.
970.

69.8
67.4
74. 9
66.2

24.
28.
30.
31.

339.
377.
388.
379.

100.
97.
99.
99.

123.
123.
124.
124.

2582.
2625.
2619.
2604.

853.
586.
342.
168.

49.3
28.7
15.0
6.9

31.
30.
29.
28.

371.
349.
326.
313.

9999.
96.
95.

122.
120.
116.
115.

2669.
2736.
2743.
2717.

87.
111.
124.
113.

3.4
4.2
4.7
4.3

27.
27.
26.
24.

308.
313.
308.
298.

92.
92.
94.
94.

110.
113.
114.
115.

2288.
1628.
1392.
1233.

-381.
-1108.
-1351.
-1484.

-14.3
-40.5
-49.3
-54.6

20.
14.
11.
10.

245.
183.
184.
189.

86.
71.
73.
74.

105.
86.
89.
87.

1124.
1300.

-1164.
-328.

-50.9
-20. 1

9.
10.

204.
257.

77.
105.

100.
126.

1973-Q1___
-Q2---Q3---Q4---

•1
.1
•1
•1
1
•1
•1
•1
•t
1

1974-Q1___
-Q2--- •1
-Q3---Q4--- *1
1
1975-Q1---Q2--- •1
-Q3--- •1
-Q4--- -1
1
1976-Q1___ •1
-Q2--- .1
-Q3--- • 1
-Q4--- .1
1
1977-Q1___ • 1
-Q2--- •1
-Q3--- .1
-Q4--- •1
1
1978-Q1___
-Q2--- |
-Q3---Q4--- •1
1
1979-Q1.... .1
-Q2---Q3--- |
-Q4--- -1
1
1980-Q1--- •1
-Q2--- .1
-Q3---Q4--1
1981-Q1---Q2--- - 1
|

* AVERAGE AMOUNT OUTSTANDING DURING THE PRECEDING FOUR QUARTERS (AVERAGE OF END-OF-QUARTER DATA).
"TAKEDOWNS OF COMMITMENTS" ARE COMPUTED AS NEW COMMITMENTS LESS CANCELLED COMMITMENTS LESS THE CHANGE IN COMMITMENTS OUTSTANDING,







AGRICULTURAL FINANCE DATABOOK— QUARTERLY SERIES

300

JULY 1981

AGRICULTURAL BANKING DATA

330

SURVEY OF TERMS OF BANK LENDING TO FARMERS (NON-REAL-ESTATE LOANS, U.S.)

331

AVERAGE EFFECTIVE INTEREST RATES

331.1Q
331.2Q
331,. 3Q

332

ALL BANKS.... ......... ...,......................... ........... .35
LARGE BANKS............. .......................................35
OTHER BANKS................. ........ ....................... ....35

AVERAGE EFFECTIVE INTEREST RATES COMPARED 1ITH OVERALL AVERAGE

332. 1Q ALL BANKS...... -__________ _________ ______________ ________...36
332. 2Q LARGE BANKS.. ........ ...... ........... ........ ........... ....36
332.3Q OTHER BANKS..... ............... ..... ................ ....... ,..36

333

PERCENTAGE OF LOANS MADE WITH A FLOATING INTEREST RATE

333. 1Q ALL BANKS..,---- -- ------------------------------- ----- ------37
333.2Q LARGE BANKS....... ..... ,
..... ............. ........ ............ 37
333.3Q OTHER BANKS..... ..... ....... -..........................-.... .37

334

AVERAGE MATURITY OF LOANS MADE

334. 1Q ALL BANKS......... ................ ............ ...... .... ...38
334. 2Q LARGE BANKS......... ......... ........... .............. ... ..... 38
334.3Q OTHER BANKS--------- ---------------------------------------- - -38

335

AMOUNT, NUMBER, AND AVERAGE AMOUNT OF LOANS MADE

335. 1Q AMOUNT-- ----------- ------ ---- ----------- ---- -------------- 39
335. 2Q NUMBER.... ............. ........... .... .......................39
335. 3Q AVERAGE AMOUNT______ _________________ _____ ____________________39

340

FEDERAL RESERVE BANK SURVEYS OF AGRICULTURAL CREDIT CONDITIONS

341

CHICAGO

341.IQ
341.2Q
341.3Q
341.4Q
341.5Q

342

FARM NON-REAL-ESTATE LENDING EXPERIENCE DURING THE PRECEDING
QUARTER_____ __________________________________.....________ ...40
FARM NON-REAL-ESTATE LOAN VOLUME EXPECTED DURING THE CURRENT
QUARTER..... .......................................... ......41
LOAN/DEPOSIT RATIOS.......... ............................ ......42
TYPICAL INTEREST RATES CHARGED ON FARM LOANS..............______ 42
TRENDS IN FARM REAL ESTATE VALUES AND LOAN VOLUME............ ,..43

MINNEAPOLIS

342. 1Q CURRENT FARM LENDING EXPERIENCE................ ................ 44
342.2Q EXPECTED FARM LOAN DEMAND AND REPAYMENT CONDITIONS............... 45
342.3Q AVERAGE LOAN/DEPOSIT RATIO AND OTHER CONDITIONS THAT REFLECT
RELATIVE CREDIT AVAILABILITY. ----- -----------..,.....46
342. 4Q INTEREST RATES ON FARM LOANS......... ........ .... .... ....... ...47
342. 5Q FARM REAL ESTATE LENDING EXPERIENCE.... ..... ............ . ......48
342. 6Q FARMERS' EARNINGS AND SPENDING.......... .......................49

343

KANSAS CITY

343. 1Q CURRENT FARM NON-REAL-ESTATE LENDING EXPERIENCE...... ..... ....50
343.2Q AVERAGE LOAN/DEPOSIT RATIO AND OTHER CONDITIONS THAT REFLECT
RELATIVE CREDIT AVAILABILITY.,..,....... .............. ...... ..50
343. 3Q MOST COMMON INTEREST RATES CHARGED ON FARM LOANS.---- ---------- 51
343. 4Q FARM REAL ESTATE VALUES------ ----- ------ --------- ---- ----- ...51

344

DALLAS

344. 1Q
344.2Q

CURRENT FARM NON-REAL-ESTATE LENDING EXPERIENCE... .............52
FARM NON-REAL-ESTATE LOAN VOLUME EXPECTED DURING THE CURRENT
QUARTER........................ ..... ........................ .52
344.3Q AVERAGE LOAN/DEPOSIT RATIO AND OTHER CONDITIONS THAT REFLECT
RELATIVE CREDIT AVAILABILITY....... ......................... . .53
344.4Q HOST COMMON INTEREST RATES CHARGED ON FARM LOANS.. ...... ......53
344. 5Q TRENDS IN FARM REAL ESTATE VALUES AND LOAN VOLUME.___________ 54

345

RICHMOND

345. IQ CURRENT FARM NON-REAL-ESTATE LENDING EXPERIENCE.............. .55
345.2Q FARM NON-REAL-ESTATE LOAN VOLUME EXPECTED DURING THE CURRENT
QUARTER.................................. .......... ..........55
345.3Q AVERAGE LOAN/DEPOSIT RATIO AND OTHER CONDITIONS THAT REFLECT
RELATIVE CREDIT AVAILABILITY..................................56
345.4Q TYPICAL INTEREST BATES CHARGED ON FARM LOANS_____ ________ _____ 56
345.5Q TRENDS IN FARM REAL ESTATE VALUES AND LOAN VOLUME.,............. 57

DESCRIPTION 05 SURVEY COVERAGE AN!.- PROCEDURE!

5

35
SOHVEI OF TERMS OF BANK LENDING TO FARMERS

(NON-REAL-ESTATE LOANS MADE DURING FIRST WEEK OF MIDDLE MONTH OF QUARTER)

TABLE 331Q

AVERAGE EFFECTIVE INTEREST RATES (PERCENT)*

PURPOSE OF LOAN
QUARTER

| ALL LOANS
FEEDER
LIVESTOCK

OTHER
LIVESTOCK

1

OTHER
CURRENT
OPERATING
EXPENSES

AMOUNT OF LOAN
|_____ (TH(3USANDS OF DOLLARS)

FARM
MACHINERY
AND
EQUIPMENT
331.1Q

1977-Q1....
-Q2....
-Q3....
-Q4....

|
|
I
J

8.8
8.7
8.7
9.1

8.5
8.4
8.4
8.9

8.9
8.2
8.6
9. 1

9. 2

1978-Q1....
-Q2....
-Q3....
-Q4....

|
|
|
|

9.2
9.3
9.6
10.4

9.2
9.4
9.5
10.2

9.1
9. 1
9.5
10.8

9. 1
9.2
9.7
10.3

1979-Q1....
-Q2....
-Q3....
-Q<*....

|
|
|
|

11.0
11.2
11.3
13.6

11.1
11.2
11.2
13.5

11.2
11.7
11.1
12.9

1980-Q1....
-Q2....
-Q3....
-Q4....

|
|
|
|

14. 1
17.4
13.5
15.5

14.4
17.7
13. 4
15.5

13.5

1981-Q1.... |
-Q2.... |

17.9
17.9

17.8
18. 4

OTHER

|

1 TO

I

9

9.0
9.1
9.0

SIZE OF BANK

10 TO
24

25 TO
99

100
AND
OVER

8.7
8.9
8.8
9.0

8.8
8.1
8.5
9.3

8,3
8. 1
8,4
9,4

8.9
8.9
8.9
9.0

LARGE**

OTHER

ALL BANKS

9. 1
9.4

8.8
8.9

|

9.0
9.2

8.6
9.2

|

I

9.1

9.0
9.0
8.8
9.0

9.3
9.6
10.3

9.2
9.5
9.9
10.7

I
|
|
|

9.1
9.2
9.3
9.9

9.2
9.2
9.3
10.0

9.2
9.3
9.5
10.1

9.2
9-4
10.1
11.1

9.3
9,6
10.4
11.7

9. 1
9.2
9.3
10,0

10.9
11.2
11.4
13.6

10.3
10.6
10.9
13.2

11.2
11.1
11.5
14.6

|
|
|
|

10.3
10.6
10.9
12.9

10.4
10.7
11.1
13.2

10.5
10.8
11.0
13.2

12.1
12.2
11.8
14.5

12.5
12,8
12.9
16.2

10.4
10.7
10.9
13. 1

16.6
13.7
15.3

14.3
17.5
13.7
15.4

13,.0
16.4
13.3
15.1

14.6
17.2
13.3
15.7

|
|
|
|

13.5
16.5
13.5
15. 1

13.6
17.0
13.4
15.0

13.7
17.2
13.6
15.4

15.0
17.8
13.5
15.8

16.0
18,5
12,8
16.3

13.7
17. 1
13.7
15.3

17.4
18.0

17.9
17.7

17.4
17.6

18.3
17.7

|
|

17.4
17.5

17.7
17.6

17.7
17.7

18.4
18.2

19.9
19-5

17.5
17.5

8.8
8.8
9.0

9.4

331.2Q

I

LARGE BANKS**

1977-Q1.... J
-Q2.... ,|
-Q3.... |
-Q4.... ,|

8.3
8.1
8.4
9.4

|
|
|
|

8.0
7.8
8.1
9.2

7.3
7.2
8.2
9.0

8.7
8.3
8.8
9.6

8.7
8.9
8.7
9.4

8.2
8.6
8.7
9.2

I
|
|
|
|

9.0
9.0
9.2
9.6

8.7
8-6
8.9
9.3

8.4
8.5
8.7
9.4

8.3
7,8
8.3
9.3

1978-Q1.... ,|
-Q2.... |
-Q3.... ,|
-Q4.... |

9.3
9.6
10.4
11.7

|
|
I
|

9.7
9.9
10.3
11.8

9.2
8.7
10.1
12.3

9.2
9.4
10.4
11.5

10-0
9.4
9.8
11.6

9.2
10.0
10.7
11.9

|
|
|
|

9.7
9.9
10.5
11.5

9.6
9.8
10.4
11.6

9.5
9.6
10.3
11.4

9.2
9.6
10.4
11.8

1979-Q1.... I
"Q2....
-03.... |
-Q4.... |

12-5
12.8
12.9
16.2

|
|
|
|

12.8
12.9
13.0
16.2

13.5
13.5
12.8
16.1

12.5
12.7
12.8
15.9

12.2
12.3
12.2
14.7

12.1
12.7
13.0
16.9

|
I
|
|

12.3
12.3
12. 7
15.4

12.4
12.6
12.8
15.4

12.5
12.7
12.7
15.6

12-5
12.9
13.0
16.5

1980-Q1.... .|
-Q2.... ,|
-Q3.--- ,|
-Q4.... ,|

16.0
18.5
12.8
16.3

|
|
I
|

16.8
20.2
12.9
16.6

15.4
17.2
12.9
15-2

15.6
18.4
13. 1
15.7

14.7
16.6
12.7
15.7

16-0
1 8.0
12.4
16.9

|
|
|
|

15.2
17.0
13.1
15.6

15.4
17.5
13.0
15.6

15.8
18.4
13.1
16-0

16.1
18.6
12.8
16.4

1981-Q1.... .|
-Q2.... I

19.9
19.5

|
|

21.1
20.7

17.6
19.3

19.6
18.7

16.8
18.4

20.4
19.6

|
|
1

18.9
18.6

19.4
18.4

19.7
19.0

20.1
19.7

331.3Q

OTHER BANKS

1977-Q1.... .|
- Q2 ....-.|
-Q3.... ,|
— Q4---- .|

8.9
8.9
8.9
9.0

|
|
|
|

8.8
8.8
8.8
8.8

9.0
8.6
8.7
9.1

8.8
8.9
9.0
9.0

9. 1
9-5
9.2
9.2

9.0
9.0
8.6
9.2

1
|
1
|
I

9.0
9.1
9.0
9.1

9.0
9.0
8.8
9.0

8.7
8.9
8.8
8.9

9-3
8.6
9.2
9.1

1978-Q1____
-Q2.... .J
-Q3----.|
-Q4----.|

9.1
9.2
9.3
10.0

|
|
|
|

8.9
9.0
9.2
9.8

9.0
9.3
9.3
10.6

9.1
9.1
9.4
9.9

9.3
9.4
9.6
10.2

9-1
9.3
9.4
9.9

|
|
|
|

9.1
9.2
9.3
9.9

9.1
9.2
9.3
9.9

9.1
9.2
9.3
9.9

9.1
9- 1
9.5
10.3

1979-Q1____.|
-Q2----Q3---- .|
-Q4---- .|

10.4
10.7
10.9
13.1

l
|
|
1

10.5
10.7
10.8
13. 1

10. 5
11.3
10.8
12-1

10.5
10.8
11.0
13.2

10.2
10.3
10.8
13. 1

10.5
10.3
11.0
13.3

|
|
|
1

10.3
10.5
10.8
12.8

10.2
10.5
10.9
13.1

10.3
10.5
10.8
13.0

11.3
11,4
11.2
13.4

1980-Q1____ .|
-Q2.... .|
-Q3----Q4.... ,|

13.7
17.1
13.7
15.3

|
|
|
|

13.9
17.4
13.6
15.2

13.3
16.5
14.0
15.4

14.0
17.1
13.8
15.4

12.9
16.4
13.4
15. 1

13.6
16. 6
13.5
15.2

|
|
|
I

13,4
16.4
13.5
15-1

13.5
16.9
13.5
15.0

13.6
17.1
13.6
15.3

14.3
17.4
14.0
15.5

1981-Q1____.|
-Q2.... .|

17.5
17.5

|
|

16.7
17.7

17.4
17.7

17.6
17.6

17.4
17.5

17.7
17.1

17.6
17.5

17.4
17.6

17,6
17.5

| 17.3
| 17.5
J ________

* THE APPROXIMATE COMPOUNDED ANNUAL INTEREST RATE ON EACH LOAN IS CALCULATED FROM SURVEY DATA ON THE STATED RATE AND OTHER TERMS
OF THE LOAN. IN COMPUTING THE AVERAGE OF THESE ESTIMATED EFFECTIVE RATES, EACH LOAN IS WEIGHTED BY ITS DOLLAR AMOUNT.
** "LARGE BANKS" M E BANKS IN SURVEY STRATA 1-3, CORRESPONDING APPROXIMATELY TO BANKS WITH OVER $450 MILLION IN TOTAL ASSETS
AS OF DECEMBER 1980.
FOR ADDITIONAL INFORMATION, SEE NOTES TO STATISTICAL RELEASE E.2, FEDERAL RESERVE BOARD.




36

SURVEY OF TERMS OF BANK LENDING TO FARMERS (NON-REAL-ESTATE LOANS MADE DURING FIRST WEEK OF MIDDLE MONTH OF QUARTER)
TABLE 332Q

AVERAGE EFFECTIVE INTEREST RATES COMPARED WITH OVERALL AVERAGE*
ON ALL LOANS
DIFFERENCE FROM AVERAGE EFFECTIVE INTEREST RATE i

I

QUARTER

| AVERAGE
| EFFECTIVE
| INTEREST
| RATE ON
| ALL LOANS
| (PERCENT)
I

AMOUNT OF LOAN

PURPOSE OF LOAN
FEEDER
LIVESTOCK

OTHER
LIVESTOCK

___

OTHER
CURRENT
OPERATING
..EXPENSES

FARM
MACHINERY
AND
EOUIPMENT

OTHER

|
I

1 TO
9

10 TO
24

25 TO
99

SIZE OF BANK
100
AND
OVER

LARGE**

OTHER

8.8
8.7
8.7
9.1

-0.3
-0.3
-0.3
-0.2

0. 1
-0.6
-0.1
-0. 1

-0.0
0. 1
0.3
0. 1

0.3
0.7
0.3
0.1

-0.0
0.1
-0.1
0.1

|
|
I
|

0.2
0.3
0.2
0.0

0.2
0.2
0.1
-0.1

-0.2
0.1
0.1
-0.1

-0.1
-0.7
-0.2
0.1

-0.5
-0.7
-0,3
0.2

0.1
0.2
0.2
-0.1

1978-Q1___
-Q2---Q3---Q4---

I
I
I
I
.|
I
|
.|
I
|
I
|
|

9.2
9.3
9.6
10.4

0.0
0.1
-0. 1
-0.1

-0. 1
-0.2
-0.2
0.4

-0.0
-0. 1
0.0
-0. 1

0.2
0.1
0.0
-0.1

-0.0
0.2
0.2
0.4

|
I
|
|

-0.0
-0.1
-0.3
-0.4

-0.0
-0.1
-0.3
-0.4

0.0
-0.1
-0.1
-0.3

0,0
0.1
0.4
0.7

0.2
0.3
0.7
1.4

-0.1
-0. 1
-0.3
-0.4

1979-Q1___
-Q2....
-Q3....
-Q4....

|
|
|
|

11.0
11.2
11.3
13.6

0.1
0.0
-0. 1
-0.1

0.2
0.5
-0.2
-0.7

-0. 1
0.0
0. 1
0.0

-0.7
-0.6
-0.4
-0.5

0.2
-0.0
0.2
0.9

|
|
|
|

-0.7
-0.6
-0.4
-0.8

-0.6
-0.5
-0.2
-0.4

-0.5
-0.4
-0.3
-0,4

1.1
1.0
0.6
0.9

1.5
1.6
1.6
2.6

-0.6
-0.5
-0.3
-0.5

1980-Q1___
-Q2....
-Q3....
-Q4....

|
|
1
|

14.1
17.4
13.5
15.5

0.3
0.3
-0.1
-0.0

-0.7
-0.7
0.2
-0. 1

0. 1
0. 1
0.1
-0.0

-1.1
-0.9
-0.2
-0.3

0.5
-0.2
-0.3
0.3

|
|
|
|

-0.6
-0.9
-0.0
-0.4

-0.6
-0.4
-0.1
-0.4

-0,4
-0.2
0.0
-0.1

0.9
0.5
-0.0
0.4

1.8
1.1
-0.7
0.8

-0.4
-0.3
0.2
-0.2

1981-Q1.... |
-Q2--- |
1
1
1
1
1
1977-Q1.... ,|
-Q2.... |
-Q3.... .|
-Q4.... ,|
1
1978-Q1.... ,|
-Q2--- -.|
-Q3---- ,|
-Q4.... .|

17.9
17.9

-0. 1
0.6

-0.5
0. 1

-0.0
-0. 2

-0.6
-0.3

0.4
-0.2

|
|

-0.6
-0.4

-0.2
-0.3

-0.3
-0.2

0.5
0.3

2.0
1.7

-0.4
-0.3

1977-Q1---Q2---Q3---Q4---

332.1Q

332.2Q

ALL BANKS

LARGE BANKS**

8.3
8.1
8.4
9.4

-0.4
-0.3
-0.3
-0. 1

-1. 1
-0.9
-0.2
-0.4

0.4
0.2
0.4
0.2

0.4
0.8
0.3
0.0

-0.1
0.6
0.3
-0.2

|
|
|
|

0.6
0.9
0.8
0.2

0.4
0.6
0.5
-0.0

0.1
0.5
0.3
0.0

-0.1
-0.2
-0.1
-0.0

9.3
9.6
10.4
11.7

0.3
0.2
-0. 1
0.1

-0.1
-0.9
-0.3
0.6

-0. 1
-0.3
0.0
-0.3

0.7
-0.2
-0.6
-0.1

-0.1
0.4
0.3
0.2

|
|
|
|

0.4
0.3
0.2
-0.3

0.3
0.2
0.0
-0.1

0.2
0.0
-0.1
-0.3

-0. 1
-0.0
0.0
0.1

1979-Q1.... .|
“Q2....
-Q3.... .|
-Q4.... |

12.5
12.8
12.9
16.2

0.3
0.1
0. 1
-0.0

1.0
0.7
-0.1
-0.1

-0.0
-0.1
-0.1
-0.4

-0.4
-0.5
-0.7
-1.5

-0.4
-0.1
0.1
0.6

|
|
I
|

-0.2
-0.5
-0.2
-0.8

-0.1
-0.3
-0.1
-0.9

-0.0
-0.2
-0.2
-0.7

0.0
0.1
0.1
0,2

1980-Q1.... .|
-Q2....
-Q3.... ,|
-Q4.... ,|

16.0
18.5
12.8
16.3

0.8
1.7
0.0
0.4

-0.5
-1.3
0.0
-1.0

-0.4
-0.1
0.3
-0.5

-1.3
-1.8
-0.1
-0.6

0.0
-0.4
-0.4
0.7

|
(
|
|

-0.8
-1.5
0.3
-0.6

-0.6
-1.0
0.1
-0.6

-0.1
-0.1
0.2
-0.3

0.1
0.1
-0.1
0. 1

1981-Q1.... .|
-Q2.... 1
1
1
1

19.9
19.5

1.2
1.1

-2.4
-0.2

-0.3
-0.8

-3.1
-1. 1

0.5
0.1

|
|

-1.1
-0.9

-0.5
-1.1

-0.3
-0.6

0.2
0.2

332.3Q

OTHER BANKS

1

1
1977-Q1.... |
-Q2.... ,|
-Q3.... .|
-Q4....

8.9
8.9
8.9
9.0

-0.2
-0.2
-0. 1
-0.2

0.1
-0.3
-0.2
0.0

-0. 1
0.0
0. 1
-0.0

0.2
0.5
0.3
0. 1

0,1
0.0
-0.4
0.2

|
|
I
|

0.1
0.1
0.1
0.1

0.1
0. 1
-0.1
-0.0

-0.3
-0.0
-0.1
-0.1

0.3
-0.4
0.3
0.1

1978-Q1.... .|
-Q2.... ,|
-Q3.... I
-Q4.... ,|

9.1
9.2
9.3
10.0

-0.2
-0. 1
-0.1
-0. 1

-0.1
0-1
-0.1
0.6

0.0
-0.0
0.0
-0. 1

0.2
0.2
0.3
0.2

0.0
0.1
0.1
-0.1

|
|
I
|

-0.0
0.0
-0.1
-0. 1

0.0
-0.0
-0.1
-0.1

-0.0
0.0
0.0
-0. 1

0.0
-0.1
0.2
0.4

1979-Q1.... ,|
-Q2.... ,|
-Q3.... I
-Q4.... I

10.4
10.7
10.9
13.1

0.0
-0.0
-0.1
0.0

0.0
0.6
-0.2
-1.0

0.0
0.0
0. 1
0. 1

-0.3
-0.4
-0.1
-0.0

0.1
-0.4
0.1
0.2

I
|
I
|

-0.2
-0.2
-0.1
-0.3

-0.2
-0.2
-0.0
-0.0

-0.2
-0.2
-0-1
-0,1

0.8
0.7
0.3
0.3

1980-Q1.... |
-Q2.... ,|
-Q3.... ,|
-Q4.... ,|

13.7
17.1
13.7
15.3

0.2
0.3
-0. 1
-0.1

-0.4
-0.6
0.4
0. 1

0.3
0. 1
0. 1
0. 1

-0.8
-0.6
-0.3
-0.2

-0.1
-0.5
-0.1
-0.1

|
|
|
|

-0.3
-0.6
-0.1
-0.2

-0.3
-0.1
-0.2
-0.3

-0.2
0.0
-0. 1
0.0

0.6
0.3
0.3
0.2

1981-Q1.... l
“Q2.... l

17.5
17.5

-0.8
0. 1

-0.1
0.2

0.1
0.0

-0.1
-0.0

0.2
-0.4

|
|

-0.2
-0.1

0.1
0.0

-0.1
0.1

0.1
-0.0

J ____________

* THE APPROXIMATE COMPOUNDED ANNUAL INTEREST RATE OH EACH LOAN IS CALCULATED FROM SURVEY DATA ON THE STATED RATE AND OTHER TERMS
OF THE LOAM. IN COMPUTING THE AVERAGE OF THESE ESTIMATED EFFECTIVE RATES, EACH LOAN IS NEIGHTED BY ITS DOLLAR AMOUNT.
** "LARGE BANKS" ARE BANKS IN SURVEY STRATA 1-3, CORRESPONDING APPROXIMATELY TO BANKS HITH OVER *450 MILLION IN TOTAL ASSETS
AS OF DECBHBER 1980.
FOR ADDITIONAL INFORMATION, SEE NOTES TO STATISTICAL RELEASE E.2, FEDERAL RESERVE BOARD.




37

SORVEY OF TERNS OF BANK LENDING TO FARMERS

(NON-REAL-ESTATE LOANS MADE DURING FIRST MEEK OF MIDDLE MONTH CF QUARTER)

TABLE 333Q

QUARTER

PERCENTAGE OF LOANS MADE WITH A FLOATING INTEREST RATE*

PURPOSE OF LOAN
I
I
I
I
I
I
: ALL LOANS |
OTHER
FARM
I
OTHER
CURRENT
MACHINERY
OTHER
I
I FEEDER
I
AND
I
I LIVESTOCK LIVESTOCK OPERATING
I
.1___________ L________________________ EXPENSES__EQUIPMENT____________ L

AMOUNT OF LOAN
(THOUSANDS OF DOLLARS)

|
100
AND
OVER

1 TO
9

10 TO
24

25 TO
99

4.9
1-4
1-5
1-1

7.0
3.5
3.0
3.2

5.9
6.6
7.4
7.6

36.6
40.6
54.4
44.4

1-2
1-3
2.0
2.0

3.3
3.0
3.0
3.1

10.3
8.3
9.1
4.9

36.2
50.4
44.5
33.5

4.3
3.7
2.1
2.2

3.2
6.6
5.2
9.1

9.7
8.9
7.3
11.9

41.3
44.5
26.7
26.8

4.0
7.1
7.0
9.0

5.4
20.9
8.7
13.6

6.0
18.2
13.2
15.9

36.3
38.7
39.9
34.2

11.3
14.0

14.0
12.6

23.0
15.3

46.4
34.2

SIZE OF BANK

| LARGE**

OTHER

1

333.1Q
15.3
13.2
22.7
17.3

I
|
|
|

27.7
17.3
41.4
14.9

4.9
30. 1
6.9
9.6

16.4
5. 5
8.7
22-9

4.4
5.7
10.8
1.3

20.3
18.7
30.3
22.3

1978-Q1....
-Q2....
-Q3....
-Q4---

|
I
l
I

15.0
22.1
18.4
13.2

|
|
|
|

19.2
32.8
13.9
13.5

21.2
30.7
21.4
8.9

9.8
13. 2
20.2
14. 0

2.8
1.0
0.7
3.5

25.5
32.5
29.9
22.2

1979-Q1---Q2....
-Q3....
-Q4....

I
|
I
l

18.6
19.3
12.5
15.6

|
|
|
|

22.6
21.6
12.9
11.6

22.4
16.7
12.5
17.3

12.9
19. 1
12.9
16.7

4.5
14.6
2.2
3.0

24.3
22.2
15.2
31.3

1980-Q1.... ,|
-Q2....
-Q3---- |
- Q 4 . ..|

16.5
26.8
20.7
21.6

|
|
|
|

16.3
19.9
19.4
23.0

8.7
16.4
23.2
26. 1

18.8
29.8
16.0
19.3

3.6
14.6
10.6
15.7

28.7
39.3
33.9
27.0

1981-Q1.... I
-Q2.... |
1
1

29.0
22.6

|
|

36.5
30.3

19.3
15.5

33.2
20.1

13.3
12.5

22.6
30.2

I
1
1977-Q1.... .|
-Q2....
-Q3.... .1
-Q4.... 1

.... _
66.8
48.8
64.5
61.8

|
|
|
|

67.3
46.9
70.8
63.4

71.8
62. 1
55.6
70.7

58.7
29. 1
45.6
71.0

31.3
52.0
39.9
39.7

80.9
64.8
74.3
48.4

1
|
|
|
l

27.4
33. 1
26.5
27.8

35.1
39.2
34.5
35.5

48.7
37.7
45.2
45.9

75.4
53.7
69.8
68.6

1978-Q1....
-Q2---- .|
-Q3.... .|
-Q4.... ,|

57.0
67.4
63.5
58.0

|
|
|
|

C

1.8
76.5
53.0
62.0

77.3
87.4
88.0
74.9

47.2
45.5
62.3
54.5

74.8
14.9
6.2
42.1

54.6
80.5
82.8
53.6

|
|
|
|

26.3
24.6
29.1
34.1

38.6
34.7
38-1
41.9

45. 1
43.3
47.0
40.4

63.6
74.9
69.1
64.4

1979-Q1---- .|
-Q2.... .|
-03---- .|
-Q4....

61.4
70.8
65.5
68.0

|
|
|
|

76.3
66.3
74.3
69.0

82.4
92.7
81.4
79.7

59.7
70.9
61.1
63.0

59.1
82.8
28.8
50.4

44.7
62.3
59.8
70.8

|
|
t
|

38.1
29.0
30.5
38.2

45.2
47.8
46.1
49.3

57.2
53.3
50.7
54.0

63.7
78.2
75.1
73.6

1980-Q1----.|
-Q2----.|
-Q3----.|
-Q4----.|

68.3
80.0
74.7
74.1

|
|
|
(

86. 1
54.6
88.6
76.7

71.2
63.2
84.3
90. 1

61.0
79.9
49.4
71.2

31.8
63.3
76.8
84.7

64.9
95.6
91.9
70.1

42-5
43.9
51.2
53.5

56.7
53.1
66.5
68.5

73.5
87.2
80.3
77.6

1981-Q1--- .|
-Q2----.|

84.2
80.0

|
|

92.1
87.1

69.4
51.0

81.6
75.9

69.4
64.8

86.8
93.0

| 37.0
I 38.7
| 37.4
| 45.1
t
| 47.6
| 53.6

56.9
59.6

71.4
64.4

91.3
84.9

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

4.0
0.2
0.3
0. 1

5.0
0.7
0.4
0.7

0-7
1.0
0.3
0.6

0.0
15.2
0.0
6.8

I
I
I
I
1

0.1
0.2
0.9
0.6

0.3
0.2
0.5
0.4

3.0
0.9
3.0
0.3

3.3
3.1
0.0
1.5

0.1
3.2
1.3
6.7

3,7
2.4
1.3
8.2

4.5
7.9
1.0
1.8

3.0
19.1
6.0
11.3

1.4
14.1
6-7
9.4

11.8
8.8
12.5
9-2

10.9
10. 1

17.7
11.0

23.7
9.8

333.2Q

ALL BANKS
I
I
I
I
I
I
I
I
|
I
I
I
J
I
|
I
|
I
|
l
|
|
1

1
1 66.8
1 48.8
1 64.5
1 61.8
1
1 57.0
1 67.4
1 63.5
1 58.0
1
I 61.4
1 70.8
1 65.5
1 68.0
I
1 68.3
1 80.0
1 74.7
1 74.1
1
1 84,2
1 80.0
|

2. 3
2.3
0.3
1.5
1.6
1.0
1.4
0.6
2.9
3.8
1. 1
o
in

1977-Q1....
-Q2....
-Q3....
-Q4....

I
I
I
|
I
I
|

4.6
11.5
7.8
9.4
17. 1
10.7

LARGE BANKS**

I
l
I
I
1
1977-Q1... - -1

-Q2...
-Q3... -- 1
-Q4...

333.3Q
2-3
2.3
0.3
1.5

1

1978-Q1...
-Q2... - - I
-Q3. .. - - [
-Q4...

1.6
1.0
1.4
0.6

1979-Q1... - - !
i
-Q2...
-Q3..., . . j
-Q4... - . i

2.9
3.8
1.1
5.0

i

1980-Q1... -- 1
-Q2...,..i
-Q3. .. — i
-Q4...
i
1981-Q1... . . i
-Q2... . . i
i

4.6
11.5
7.8
9.4

1
1
1
1
1
1
1
1

l
1
i
1
1
1
1
1
1
1
1
1

OTHER BANKS

4.3
0.0
0. 1
0.9

0.8
14.9
0.0
0.0

3.1
0.8
0.3
0.3

3.7
0.6
0.5
0.2

0.0
0.4
0.6
6.3

0. 2
0.0
0. 1
1.0

0.0
0.0
1.0

3.6
0. 3
3. 1
0.5

0.0
0.0
0.0
0.0

0. 1
4.4
0.1
0.8

1.7
2.5
0.7
0.2

8.2
0.2
1.4
9.5

0.0

2.8
7.3
0.3
3.5

0.0
0.0

1.6
1.0

1.1
4.0
2. 0
7.5

0. 6
15.8
2.5
11.1

2.6
3.6
4.0
10.0

9.2
11.4
9.4
9. 1

2.0
11,5
3.6
9.6

1.9
4.4
14.0
7.1

18.3
10. 7

10. 1
8.6

24.7
11.6

6.6
5.8

3.9
11.7

i
17.1
10.7

1
1
1

I
I
I
I
I
I
I

1

1
1
1
2.9
1
2.7
1
0.8
1
1.0
1
1
2.7
1
5.6
1
5.6
i
7.9
1
1
9.7
1
1 12.6
___1___

1
1

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1____________________

* PERCENTAGE OF AMOUNT OF LOANS MADE. A FLOATING RATE IS TIED TO SOME OTHER RATE (SUCH AS THE PRIME RATE OR A MARKET INTEREST
OVER THE LIFE OF THE LOAN.
RATE), AND NEITHER THE BANK NOR THE BORROMER KNOWS THE EXACT RATE OF INTEREST TO BE CHARGED i
** "LARGE BANKS" ARE BANKS IN SURVEY STRATA 1-3, CORRESPONDING APPROXIMATELY TO BANKS BITH OVER $450 MILLION IN TOTAL ASSETS
AS OF DECEMBER 1980.
FOR ADDITIONAL INFORMATION, SEE NOTES TO STATISTICAL RELEASE E.2, FEDERAL RESERVE BOARD.




38

SURVEY OF TERMS OF BANK LENDING TO FARMERS (NON-REAL-ESTATE LOANS HADE DURING FIRST WEEK OF BIDDLE NONTH OP QUARTER)
TABLE 33 4Q

AVERAGE MATURITY OF LOANS HADE (MONTHS)*
AMOUNT OF LOAN
I ____ (THOUSANDS OF DOLLARS)

PURPOSE OF LOAN
QUARTER

| ALL LOANS
FEEDER
LIVESTOCK

OTHER
LIVESTOCK

OTHER
CURRENT
OPERATING
EXPENSES

FARM
MACHINERY
AND
EOUIPMENT
334.1Q

OTHER

|
I

1 TO
9

10 TO
24

25 TO
99

100
AND
OVER

ALL BANKS

1977-Q1....
-Q2....
-Q3....
-Q4....

|
J
l
|

10.9
8.3
7.0
9.4

6.0
6.7
6.0
6.8

19.2
6.5
7.4
5.7

6.9
6. 5
5.3
5.6

16.6
16.5
8.5
12.5

13.0
10.4
12.0
18.4

I
|
|
|

9.1
8. 1
6-9
8.0

8.8
7. S
10.1
8.3

16.3
8.9
7.1
13.6

7.7
7.8
5-6
7.4

1978-Q1----Q2....
-Q3....
-Q4.....

|
I
|
|

10.0
9.1
6.6
7.4

6. 1
5.3
5.0
6.8

6.5
5.9
6.6
6.6

9.9
6. 1
5.3
6.2

18.3
17.8
20.4
16.2

8.7
15.9
6.1
7.1

|
|
I
I

7.8
8.7
7.5
7.5

11.3
7.6
6.6
8.9

11.2
10.2
8.7
7.3

9.6
9.1
4.5
6.6

1979-Q1....
-Q2----Q3....
-Q4....

I
|
|
)

7.8
7.5
6.2
6.9

6.8
5.5
5.3
5.8

7.8
6.3
6.0
7.2

6.7
6.0
5. 1
6.2

17.9
11.7
14.0
14. 1

6.6
14.1
6.7
8.8

|
|
|
|

8.4
8.1
6.9
7.3

10.7
8.5
6.6
7.1

8.0
9.1
6.8
7.2

5.5
5.2
4.3
6.4

1980-Q1----Q2....
*Q3....
“Q4....

|
|
|
|

7.2
6.6
7.8
7.3

6.6
5.0
8.3
6.0

6.5
6.6
7.7
7.6

6.9
6.2
4.9
7.9

12.7
12.6
22.6
9.8

5.8
6.8
7.8
6.2

|
|
|
|

8.1
6.4
6.1
6.7

7.6
6.1
7.1
7. 1

6.9
6.5
9.4
6. 1

7.0
6.8
7.5
8.5

1981-Q1.... |
-Q2.... |

6.2
6.8

7.2
5.3

4.9
8.0

6.2
6.2

10.8
13.5

4.2
6.5

|
I

6.4
6.8

6.2
6.4

6.3
6.5

6.1
7.2

334.2Q

1
1
1
1
1
1
1
!
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
|

5.1
6,1
5. 6
5.8

12.4
8.9
7.9
10.6

6.7
10.1
4.4
5.2

11.0
8.6
7.5
8.0

5.3
5.4
4.6
5.6

8.6
8.2
6.5
7.1

5.6
8.0
5,9
6.2

7.6
6.1
8.2
7.5

5.8
7.5

6.3
6.7

LARGE BANKS**

1977-Q1....
-Q2....
-Q3----Q4....

|
|
|
|

5.1
6.1
5.6
5.8

4.6
5.2
5.5
5.0

6.5
5.7
6.0
5.1

4.2
6,3
3.9
5. 1

14.6
9,3
5.8
10. 1

6.4
6.4
7.4
7.4

I
|
|
|

7.4
6.4
4.9
6.1

7,0
6.6
5.4
4.6

7.6
5.9
5.0
5.3

4.3
6.0
5.7
6.0

1978-Q1....
-Q2....
-Q3....
-Q4....

|
|
|
|

6.7
10.1
4.4
5.2

4.8
4.5
3.9
4.1

5.8
3.0
7.1
5.0

6.9
5.2
4.0
4.3

13.2
21**
.9
9.6
24.8

7.4
26.0
4.2
6.5

|
|
1
|

6.7
6.5
5.7
5.3

6.2
7.2
5.5
6.0

6.4
6.3
5.2
6.0

6.8
11.2
4.2
5.0

1979-Q1....
-Q2....
-Q3....
-Q4....

|
I
|
|

5.3
5.4
4.6
5.6

4.4
4.6
3.8
3.0

7.1
6.2
5.2
4.4

5.9
5.4
4.1
5.7

12.9
5.2
12.5
23.5

4.5
6.4
5.6
7.2

1
|
|
|

7.4
7.0
5.2
5.3

7.5
6.8
5.3
5.1

5.8
6.2
5.5
7.8

5.0
5-0
4.1
5.1

1980-Q1____
—Q2----Q3....
-Q4....

|
|
|
I

5.6
8.0
5.9
6.2

4.1
4.2
4.0
5.9

5.9
8.3
8. 1
6.6

6.5
8.8
4.5
5.2

22.5
7.3
7.1
11.6

4.5
8.8
8.8
6.7

1
|
|
1

7.9
6.5
5.8
5.2

7.0
5.7
5.2
5.5

5.9
5.6
5.4
4.7

5.4
8.5
6.1
6.7

1981-Q1.... |
-Q2.... I

5.8
7.5

6.7
4.9

5.6
4.9

5.7
6.3

7.2
40.9

4.8
6.1

|
|

5.8
6.5

6.2
7.3

5.4
6.1

5.9
7.7

11.9
11.5
5.3
9.3

334.3Q

I SIZE OF BANK
I
1
1 LARGE** OTHER
1
1

1
1
1
1
1
1
1
1
1
1
1
1
I
1
1
1
1
1
1
1
1
1
1
I

OTHER BANKS

1977-Q1....
-Q2....
-Q3....
-Q4....

|
|
|
|

12.4
8.9
7.9
10.6

6.7
7.5
6.8
7.4

20.3
6.9
7.6
5.7

7.7
6.5
5.7
5.8

16.7
17.3
9.5
12.6

15.1
11.9
15.0
24.4

|
|
|
|

9-2
8,2
7.0
8.0

8-9
8.0
10.6
8.6

17.4
9.4
7.6
15.2

1978-Q1....
-Q2....
-Q3.»...
-Q4....

|
|
1
|

11.0
8.6
7.5
8.0

6.9
6.2
5.6
7.6

6.8
7.5
6.5
6.8

10.5
6. 3
5. 8
6.7

18.5
17.5
21.8
15.6

9.6
10-6
7.0
7.4

|
I
|
|

7,9
8.8
7.6
7.6

11.8
7.6
6.7
9.1

12.3
11.0
9.3
7.5

1979-Q1....
-Q2....
-Q3....
-Q4....

|
|
|
1

8.6
8.2
6.5
7.1

7.6
5.9
5.9
6.2

8.0
6.3
6.2
8.1

6.9
6.2
5.3
6.3

18.1
12.9
14.0
13.5

7.9
17.4
7.0
9.6

f
|
|
|

8,4
8.2
7.0
7.4

10.9
8.6
6.8
7.2

8.3
9.6
7.0
7.1

1980-Q1....
-Q2....
-Q3....
-Q4....

|
I
I
1

7.6
6.1
8.2
7.5

8.0
5.2
9.6
6. 1

6.6
6.3
7.6
7.9

6.9
5.3
5.0
8.3

12.2
12.8
24,2
9,6

6.7
5.7
7.3
6.0

|
|
|
|

8.1
6.4
6.1
6.7

7.6
6. 1
7.2
7.2

7.0
6.6
9-9
6.3

1981-Q1.... |
-Q2.... |

6.3
6.7

7.3
5.4

4.7
8.6

6.2
6.2

11.2
10.5

4.0
6.6

|
|

6.5
6.8

6.3
6-4

6.4
6.5

1
1
1
1
1
1
12.5
1
5.8
1
5. 1
1
8.2
1
1
6.4
1
5.4
1
4.5
1
7.1
1
1
8.5
1
5.1
1
8.8
1
9.4
1
1
6.2
1
7.0
1
_L

* AVERAGE MATURITY OF NONDEHAND LOANS, WITH EACH LOAN NEIGHTED BY ITS DOLLAR AMOUNT.
** "LARGE BANKS" ARE BANKS IN SURVEY STRATA 1-3, CORRESPONDING APPROXIMATELY TO BANKS HITH OVER $450 MILLION IN TOTAL ASSETS
AS OF DECEMBER 1980.
FOR ADDITIONAL INFORMATION, SEE NOTES TO STATISTICAL RELEASE E.2, FEDERAL RESERVE BOARD.




39
SURVEY OF TERHS OF BANK LENDING TO EARNERS

(NON-REAL-ESTATE LOANS MADE DURING FIRST WEEK OF MIDDLE MONTH OF QUARTER)

TABLE 335Q

AMOUNT, NUMBER, AND AVERAGE AMOUNT OF LOANS MADE

QUARTER

I
1
( ALL LOANS 1
1 FEEDER
I
1 LIVESTOCK
J..
___L

PURPOSE OF LOAN

I
I

OTHER
LIVESTOCK

OTHER
CURRENT
OPERATING
EXPENSES
335.1Q

1977-Q1.... |
-Q2.... .I
- Q3 ....,.1
-Q4.... .1

823.
925.
872.
709.

1978-Q1.... .)
- Q2 .....«.|
-Q3.... .|
-Q4.... .|

797.
995.
825.
949.

1979-Q1.... .|
-Q2.... ,|
-Q3.... >|
-Q4.... .|

968.
1057.
818.
1197.

1980-Q1.... |
-Q2----Q3.... .|
-Q4.... .|

1142.
1211.
948.
1301.

1981-Q1.... .|
-Q2.. . >|

1083.
1419.

I

1
1
1
1
1
1
1
1
1
1
1
1
1
i
1
1
1
1
1
1
1

FARM
MACHINERY
AND
EQUIgfiBfiT

1
I
1
1
1
1

OTHER

AMOUNT OF LOAN
1 TO
9

10 TO
24

SIZE OF BANK

25 TO
99

100
AND
OVER

125.
124.
47.
85.

292.
380.
326.
233.

114.
91.
71.
64.

175.
171.
136.
155.

I

168.
235.
246.
380.

48.
86.
62.
104.

303.
359.
341.
293.

105.
83.
58.
76.

163.
208.
117.
95.

I
I

304.
268.
218.
499.

84.
128.
92.
72.

292.
426.
331.
387.

76.
112.
53.
81.

212.
123.
124.
153.

303.
392.
203.
337.

118.
67.
85.
81.

472.
452.
390.
533.

103.
67.
71.
130.

126.
233.
198.
220.

183.
296.

64.
119.

523.
664.

88.
124.

219.
206.

I
!
I

167.
218.
305.
185.

657.
707.
568.
523.

192.
316.
227.
208.

604.
679.
598.
741.

260.
246.
144.
202.

708.
812.
673.
995.

213.
271.
182.
246.

929.
940.
766.
1056.

415.
593.

I
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

192.
244.

892.
1175.

6.1
6.3
5.3
4.2

0.9
1.0
0.8
0.8

|
|
|
|

3.2
4.3
3.8
3.1

63.5
73.3
61.0
50.7

11.4
11.7
10.. 1
12.6

5.4
6.0
6.3
7.4

1.2
1.3
1.0
1.4

|
|
|
|

3.8
4.4
3,.4
3.3

61.0
65.6
60.0
55.0

43.1
53.5
42.3
42.5

11.2
12.3
9.0
12.8

7.0
7.0
5.9
8.5

1.3
1.5
1.5
2.1

|
|
|
I

3.4
4*1
3.3
3.1

59.2
70.3
55.9
62.8

41.0
44.2
38.8
46.7

12.0
11.3
12.9
14.6

8.9
7.2
6.8
8.6

1.9
1-9
1.6
2.2

|
|
|
|

3.3
3.6
3.4
3.5

60.5
61.1
56.7
68.7

39.2
50.1

11.3
15.8

8.3
9.2

1.9
2.5

|
|

3.5
3.6

57.3
74.0

52.3
50*9
79.6
59.8

10.3
9.7
9.3
10.3

50.4
72.4
66.5
63*5

9.9
10*3
10.0
13.5

76*9
60.3
43.8
65.1

12.0
11.6
12.0
15.8

64.0
76.3
53.3
71.1

15.3
15.4
13.5
15.4

55*0
68.4

15.6
15.9

172.
197.
163.
146.

145.
213.
158.
137.

253.
286.
232.
197.

253.
229.
320.
228.

162.
186.
159.
135.

169.
175.
151.
187.

219.
256.
239.
327.

247.
379.
276.
301.

154.
201.
151.
160.

160.
181.
126.
184.

321.
324..
267..
416.

333.
351.
273.
436.

149.
164.
146.
191.

177.
168.
182.
217.

406.
303.
290.
387.

410.
577.
330.
506.

148.
188.

166.
236.

354.
402.

49.8
56.5
47.9
39.1

9.9
13.8
10.8
9.6

46.8
51.0
46.0
36.8

I

335.2Q

I
I
I
I
I
I
I
I
I

I
I
I
I
I
I

NUMBER OF LOANS MADE

1977-Q1....
-Q2....
-Q3....
-Q4....

66.7
77.5
64.8
53.8

|
|
|
|

6.2
8.5
8.8
9.8

8.4
9.1
6.5
6.5

30.1
40.3
32.7
21.8

11.5
11.2
8.6
7.3

10.3
8.4
7.8
8.4

1978-Q1....
-Q2....
-Q3....
-Q4....

64.8
70.0
63.4
58.3

|
|
|
|

10.5
10.3
10.7
14.6

6.1
7.7
4.9
5.6

30.0
33.7
34.5
24.1

9.3
10.0
5.9
7.8

8.6
7.9
7.4
6.0

1979-Q1....
~Q2....
-Q3....
-Q4....

62.5
74.3
59.2
65.9

|
|
|
J

10.9
10.8
6.9
11.1

6.2
6.6
5.3
5.6

26.8
41.5
32.4
33.0

8.1
8.9
6.9
9.0

10.5
6.5
7.6
7.0

1980-Q1....
-Q2....
-Q3....
-Q4----

63.9
64.7
60.1
72.1

|
|
|
|

9.6
8.7
7.8
12.2

6.5
5.0
4.7
6.1

30.8
37.8
33.2
32.9

8.7
7.6
5.4
12.8

7.7
5.5
8.9
8.1

1981-Q1....
-Q2....

60.8
77.6

|
|

6.4
8.7

4.6
5.8

37.0
47.5

6.0
9.5

6.6
6.0

THOUSANDS)
1
1
1
1
1
1
1
1
1
I
1
1
1
1
t
1
1
1
1
1
1
1

_L

AVERAGE AMOUNT OF LOAN (THOUSANDS OF DOLLARS)

I
1977-Q1....
-Q2....
-Q3....
-Q4....

12.3
11.9
13.5
13.2

|
|
|
|

18.2
18.2
31.7
17.4

14.9
13.6
7.2
13.2

9.7
9.4
10.0
10.7

9.9
8.1
8.3
8.8

17.0
20.3
17.4
18.5

1978-Q1....
-Q2....
-Q3.....
-Q4....

12.3
14.2
13.0
16.3

|
|
|
|

16.1
22.8
22.9
25.9

7.9
11.2
12.8
18.4

10.1
10.7
9.9
12.1

11.2
8.3
9.9
9.8

19.1
26.3
16.0
15.9

1979-Q1____
-Q2....
-Q3....
-Q4....

15.5
14.2
13.8
18.2

|
|
|
|

27.8
24.7
31.5
44.8

13.4
19.5
17.4
13.0

10.9
10.3
10.2
11.7

9.4
12.6
7.6
9.0

20.2
19.0
16.3
21.8

1980-Q1....
-Q2----Q3....
-Q4....

17.9
18.7
15.8
18.0

|
|
|
|

31.7
45.3
25.8
27.5

18.3
13.5
18.1
13.3

15.3
12.0
11.8
16.2

11.8
8.8
13.1
10.1

16.4
42.0
22.3
27.3

1981-Q1....
-Q2.---

17.8
18.3

|
|

28.8
34.1

13.8
20.5

14.1
14.0

14.6
13.1

33.0
34.4

I
I

I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I

3.5
3.5
3.4
3.7

14.7
15.4
14.6
14.2

41.3
45.2
43.9
47.0

282.0
238.1
391.2
287.5

3.5
3.6
3.5
3.7

14.9
14.9
14.9
14.8

40.2
42.5
38.1
44.2

203*2
300.7
274.0
213,. 5

3.6
3.8
3.5
3.8

14.3
14.7
14.1
14.4

46.2
46.2
45.0
48.7

253.6
237.6
186.6
209.4

3.6
3.7
3.8
4.1

14.8
14.8
14.1
14.9

45.5
42.1
42.6
44.8

212.4
296.2
209.6
234.4

3.8
3.8

14.7
14.9

42.-5
43.7

223.9
238-3

-1—

I
I
I
I
I
1

1
1
1
1
1
1
1
1
1
1
1
1
1
1
I
1
1
1
_L

* "LARGE BANKS" ARE BANKS IN SURVEY STRATA 1-3, CORRESPONDING APPROXIMATELY TO BANKS WITH OVER $450 MILLION IN TOTAL ASSETS
AS OF DECEMBER 1980.
FOR ADDITIONAL INFORMATION, SEE NOTES TO STATISTICAL RELEASE E.2, FEDERAL RESERVE BOARD.




OTHER

AMOUNT OF LOANS HADE (MILLIONS OF DOLLARS)

114.
156.
279.
170.

335.3Q

LARGE*

40
LAND VALUE AND CREDIT CONDITIONS SURVEY* SEVENTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF CHICAGO
TABLE 341.1Q

FARM NON-REAL-ESTATE LENDING EXPERIENCE DURING THE PRECEDING QUARTER* COHPARED WITH A YEAR EARLIER
PERCENTAGE OF BANKS REPORTING
I
|
|
1
1
1970-Q1...|
-Q2.|
-Q3...|
-Q4-- !

DATE OF
SURVEY

DEMAND FOR LOANS
LONER

SAME

18.
17.
10.
13.

1971-Q1-- |
-Q2-- fl
-Q3...I
-Q4...I
1
1972-Q1...|
-Q2...I
-Q3-- |
-Q4...I

FOND AVAILABILITY

HIGHER

LONER

SAME

HIGHER

47.
50.
45.
51.

35.
33.
45.
37.

33.
29.
25.
13.

54.
58.
61.
64.

13.
13.
14.
23.

19.
12.
8.
9-

48.
42.
40.
48.

33.
46.
52.
44.

10.
8.
8.
7.

53.
45.
46.
54.

37.
47.
46.
39.

16.
10.
9.
9.

47.
44.
48.
48.

37.
46.
44.
43.

6.
5.
8.
4.

44.
41.
45.
45.

50.
54.
47.
50.

1973-Q1...|
-Q2...j
-Q3...|
-Q4...I
1
1974-Q1-..|
-Q2-- |
-Q3...I
-Q4-.-I

12.
10.
11.
14.

45.
32.
34.
36.

42.
58.
55.
50.

5.
10.
15.
27.

53.
42.
47.
47.

42.
47.
38.
27.

21.
20.
14.
20.

33.
33.
31.
33.

46.
47.
56.
46.

16.
11.
32.
45.

43.
45.
47.
41.

41.
44.
21.
14.

1975-Q1...|
-Q2.-.I
-Q3...I
-Q4...|

25.
19.
13.
14.

28.
29.
32.
40.

47.
52.
55.
46.

29.
22.
14.
10.

43.
49.
51.
49.

28.
29.
35.
41.

1976-Q1.•.|

15.
10.
8.
10.

36.
39.
37.
40.

49.
51.
55.
50.

11.
11.
9.
13.

48.
48.
48.
49.

41.
41.
43.
38.

1977-Q1...|
-Q2...I
-Q3...I
-Q4...I

8.
6.
3.
4.

34.
27.
26.
30.

58.
67.
72.
65.

12.
17.
25.
37.

46.
50.
47.
49.

42.
33.
28.
14.

1978-Q1...|
-Q2...I
-Q3-..I
-Q4.- . |

10.
10.
9.
5.

33.
28.
34.
33.

57.
62.
57.
62.

31.
38.
41.
48.

51.
45.
45.
40.

18.
17.
14.
12.

1979-Q1...|
-Q2...1
-Q3...I
-Q4...|

16.
11.
11.
13.

33.
23.
31.
34.

51.
67.
58.
54.

50.
60.
50.
49.

38.
30.
39.
40.

12.
11.
11.
11.

1980-Q1...|
—Q3... |
-Q4...I

30.
47.
56.
48.

29.
2222.
32.

41.
32.
21.
20.

45.
58.
23.
12-

43.
36.
47.
45.

12.
7.
30.
43.

1981-Q1...|
-Q2...I
-Q3...I

63.
49.
42.

24.
31.
32.

13.
19.
27.

10.
8.
18-

38.
42.
43.

53.
49.
39.

-Q3..•|
-Q4...I




1
1
1
|
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
F
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

LOAN REPAYMENT RATE
LONER

SAME

HIGHER

RENENALS OR EXTENSIONS!
LONER

SAME

HIGHER

|

COLLATERAL RBQUIRBD
LONER

SAME

HIGHER

8.
10.
13.
13.

68.
70.
75.
79.

24.
20.
11.
8.

18.
18.
10.
9.

62.
65.
71.
74.

20.
17.
20.
17.

|
|
|
|

1.
1.
1.
0.

74.
76.
78.
81.

25.
23.
21.
19.

27.
24.
20.
16.

65.
68.
70.
74.

8.
8.
10.
10.

7.
7.
7.
9.

59.
63.
67.
72.

34.
30.
26.
19-

|
|
|
|

01.
1.
2.

8379.
86.
86.

17.
20.
13.
12.

12.
6.
5.
3.

70.
72.
76.
74.

18.
22.
20.
23.

16.
17.
19.
20.

69.
73.
74.
72.

15.
10.
7.
8.

|
|
I
|

1.
1.
2.
1.

87.
8891.
92-

13.
11.
8.
7.

22.
9.
7.
6.

54.
57.
66.
65.

24.
34.
27.
30.

22.
30.
23.
28.

52.
56.
65.
64.

26.
14.
12.
8.

|
|
|
|

1.
2.
3.
2.

93.
8886.
84.

6.
10.
11.
14.

6.
8.
27.
28.

46.
49.
59.
59.

48.
43.
14.
13.

43.
41.
13.
11.

47.
47.
57.
58.

10.
1230.
32.

|
|
1
|

4.
3.
1.
1.

82.
83.
76.
67.

14.
14.
23.
33.

37.
44.
30.
15.

46.
48.
60.
64.

17.
8.
10.
21.

14.
7.
11.
19.

45.
42.
56.
62.

41.
51.
33.
19.

|
|
|
|

1.
1.
0.
1.

69.
71.
78.
SI-

30.
29.
22.
18.

21.
18.
14.
19.

59.
64.
69.
69.

21.
18.
16.
12.

20.
17.
16.
12.

57.
58.
67.
es­

23.
26.
17.
20-

|
|
|
|

1.
1.
1.
1.

83.
SI83.
85-

1618.
17.
14.

28.
30.
40.
52.

62.
61.
55.
45-

10.
96.
4.

10.

4.
3.

se.
56.
51.
41.

34.
34.
45.
56.

|
|
|
|

1000

83.
93.
8073-

16.
17.
19.
26-

50.
46.
29.
28.

42.
45.
61.
61.

9.
9.
10.
12.

5.
7.
9.
9.

40.
42.
57.
60.

565234.
31.

|
|
|
|

0.
9.
0.
0.

77.
71.
76.
75.

23.
29.
24.
25.

26.
30.
22.
21.

56.
55.
65.
69.

18.
15.
13.
10.

14.
11.
10.
10.

56.
52.
63.
64.

30.
37.
27.
27-

|
|
|
|

1.
0.

7569.
74.
67.

24.
31.
26.
33.

33.
58.
44.
25.

5533.
43.
55.

12.
9.
12.
20-

10.
6.
9.
16.

53.
3345.
55.

38.
61.
45.
28.

|
|
|
|

0.

67.
42.
62.
71.

33.
57.
38.
29.

22.
29.
38.

42.
52.
53.

36.
19.
8.

26.
17.
6.

49.
51.
50.

25.
32.
43-

|
|
|

0

75.
71.
68.

24.
2b.
32.

10

.

0

.

.

0.
0.
1
0

.
.

0.
1.

.

41
L A N D VALUE AND CREDIT CONDITIONS SURVEY, SEVENTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF CHICAGO

TABLE 341.2Q

FARM NON-REAL-ESTATE LOAN VOLUME EXPECTED DURING THE CURRENT QUARTER, COMPARED KITH VOLUME OF LOANS MADE A YEAR EARLIER
PERCENTAGE OF BANKS REPORTING
DATE OF
SURVEY

TOTAL

FEBDER CATTLE

DAIRY

LONER SAME HIGHER

LONER SAME HIGHER

LONER SAME HIGHER

I
1970-Q2..•|
-Q3-..I
-Q4...|

8.
13.
10.

60.
59.
61.

32.
29.
29.

1971-Q1...|
-Q2-- 1
-Q3...J
—Q4.•• |

9.
6.
7.
7.

55.
52.
56.
52.

36.
42.
37.
41.

1972-Q1... |
-Q2-. . |
-Q3...J
-Q4...I

10.
6.
7.
10.

53.
48.
60.
50.

38.
46.
33.
40.

1973-Q1...|
-Q2-..|
-Q3...I
-Q4...|

12.
8.
10.
22.

42.
31.
46.
35.

46.
61.
45.
42.

1974-Q1...|
-Q2...I
-Q3...I
-Q4...I

22.
11.
16.
28.

36.
30.
40.
36.

42.
59.
44.
36.

1975-Q1...|
“Q2. .. |
-Q3...|
-Q4...|

23.
14.
14.
21.

29.
30.
43.
43.

48.
55.
43.
35.

1976-Q1 •... |
-Q2...I
-Q3...I
-Q4...I

13.
8.
9.
10.

43.
39.
46.
42.

44.
53.
45.
48.

1977-Q1-..I
-Q2...I
-Q3...|
-Q4...I

7.
4.
7.
11.

38.
32.
36.
31.

56.
64.
57.
57.

1978-Q1...|
-Q2...I
-Q3...|
-94...|

10.
8.
10.
11.

39.
29.
45.
40.

51.
63.
45.
49.

1979-Q1...|
-Q2...I
-Q3...|
-Q4...|

19.
10.
16.
22.

39.
32.
39.
38.

42.
58.
45.
40.

1980-Q1...|
-Q2...I
-Q3...I
-Q4...I

26.
54.
42.
35.

33.
18.
36.
41.

41.
28.
22.
24.

1981-Q1...| 43.
-Q2...I 27.
-Q3...I 36.
__________ L_

37.
41.
40.

20.
32.
24.




I
I
I
I
t
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
I

19.
19.
27.

56.
58.
51.

25.
23.
23.

32.
22.
18.
13.

58.
65.
66.
48.

9.
13.
17.
39.

13.
16.
18.
19.

60.
59.
50.
43.

27.
24.
32.
38.

15.
23.
38.
28.

55.
43.
38.
40.

30.
34.
24.
32.

37.
53.
59.
67.

40.
35.
33.
26.

23.
12.
8.
7.

73.
58.
36.
28.

22.
33.
42.
42.

5.
9.
22.
30.

21.
27.
36.
41.

51.
52.
50.
45.

28.
21.
14.
14.

22.
31.
25.
13.

54.
53.
54.
50.

24.
16.
20.
37.

14.
13.
18.
17.

55.
46.
50.
40.

30.
41.
31.
44.

26.
26.
31.
29.

40.
40.
48.
40.

34.
34.
21.
30.

35.
70.
42.
32..

47.
26.
49.
51.

18.
4.
9.
16.

51.
57.
56.

45.
40.
37.

4.
3.
7.

I
I
I
I
I
I
I
I
I
I
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

OPERATING

FARM MACHINERY

LONER SAME HIGHER

LONER SAME HIGHER

CROP STORAGE

23.
***
***

69.
***
***

8.
***
***

**♦
***
***
***

***
***
***
***

*♦*
***
***
***

13.
14.
***

76.
72.
♦**
***

10.
14.
***
***

14.
15.
24.
23.

73.
66.
60.
61.

13.
19.
16.
16.

22.
24.
27.
37.

60.
59.
62.
51.

17.
17.
11.
11.

44.
33.
25.
27.

48.
56.
66.
64.

8.
11.
9.
9.

23.
22.
26.
23.

66.
65.
61.
65.

11.
13.
13.
11.

20.
21.
17.
18.

67.
62.
71.
69.

13.
18.
12.
12.

16.
15.
15.
17.

73.
67.
73.
68.

11.
18.
12.
15.

21.
17.
18.
21.

68.
65.
70.
67.

12.
18.
12.
11.

28.
41.
28.
22.

64.
53.
65.
70.

8.
6.
7.
9.

32.
27.
31.

60.
64.
62.

8.
9.
7.

LONER SAME HIGHER
I
I
I
I
I
I
I
I
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

♦**
***
15.

***
54.

***
***
31.

14.
***
***
6.

57.
***
***
53.

29.
***
♦**
41.

13.
***
***
12.

63.
***
***
60.

24.
*♦*
♦**
28.

18.
16.
12.
10.

61.
60.
50.
44.

21.
23.
38.
46.

20.
17.
14.
16.

50.
57.
57.
43.

29.
26.
30.
41.

2323*
17.
14.

47.
53.
57.
53.

30.
24.
27.
32.

14.
17.
16.
12.

53.
57.
55.
50.

33.
25.
29.
38.

11.
14.
12.
11.

50.
54.
44.
26.

38.
32.
44.
63.

16.
17.
13.
12.

45.
55.
57.
40.

39.
28.
29.
48.

20.
20.
25.
23.

55.
55.
57.
52.

25.
25.
18.
26.

23.
49.
36.
32.

48.
33.
51.
49.

29.
18.
13.
18.

40.
35.
38.

46.
52.
45.

14.
13.
16.

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
_1_

I
I
I

8.
10.
9.

49.
52.
57.

44.
38.
34.

6.
5.
9.
8.

47.
34.
48.
59.

46.
60.
44.
33.

10.
7.
10.
18.

48.
42.
55.
56.

42.
51.
35.
26.

11.
7.
9.
21.

36.
27.
39.
41.

52.
66.
5239.

16.
7.
6.
12.

28.
19.
28.
30.

56.
74.
66.
58.

9.
4.
7.
18.

21.
18.
32.
42.

70.
78.
61.
40.

9.
7.
7.
8.

36.
31.
38.
40.

55.
62.
56.
52.

4.
2.
4.
9.

31.
21.
29.
30.

65.
77.
66.
61.

8.
7.
9.
13.

31.
23.
38.
40.

61.
71.
53.
47.

1

10.
7.
8.
15.

35.
25.
36.
34.

54.
68.
57.
50.

14.
31.
20.
21.

26.
20.
33.
45.

60.
49.
47.
34.

25.
13.
18.

33.
30.
32.

42.
57.
50.

1
1
1
1
1
1
1
1
1
1
1
1
1

I

I
I
I
I
1
1
1
1
1
1
1

1
1
1
1

1
1
1

1
1
1
i
1
1
1
1
1
1
1
1
1
1

1
1
1
1
1
1
1

30.
32.
29.

44.
45.
49.

25.
23.
22.

34.
26.
20..
14.

49.
47.
57.
58.

17.
27.
23.
28.

11.
7.
10.
9.

54.
51.
60.
47.

35.
42.
30.
44.

8.
5.
9.
12.

39.
26.
39.
30.

53.
69.
53.
58.

15.
8.
22.
25.

28.
28.
37.
36.

56.
64.
42.
40.

25.
28.
26.
15.

35.
36.
40.
40.

39.
36.
34.
45.

12.
11.
12.
16.

43.
38.
45.
41.

45.
51.
43.
43.

16.
14.
30.
55.

41.
39.
39.
30.

43.
48.
30.
15.

45.
35.
26..
20.

37.
34.
44.
43.

18.
31.
30.
37.

25.
17.
22.
28.

41.
35.
42.
37.

35.
48.
36.
35.

41.
86.
73.
45.

35.
9.
21.
33.

23.
4.
7.
22.

49.
46.
56.

32.
36.
32.

18.
18.
11.

1

42

LAND VALUE AND CREDIT CONDITIONS SURVEY, SEVENTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF CHICAGO
TABLE 341.3Q

LOAN/DEPOSIT RATIOS
(PERCENTAGE OF BANKS REPORTING
AVERAGE
| THAT LOAN/DEPOSIT RATIO IS—
DATE OF
|LOAN/DEPOSITI
HIGHER
RATIO
| LOWER
SURVEY
|
DESIRABLE
THAN
(PER CENT) | THAN
DESIRED
1 DESIRED
1
28.
55.
|
23.
49.
1970-Q1...|
28.
55.
|
25.
47.
“Q2. .. |
37.
56.
46.
-Q3...|
1
17.
***
***
|
***
***
“Q4...|
I
***
***
|
***
***
1971-Q1...|
54.
15.
|
44.
41.
” Q2. ... I
1855.
|
47.
-Q3...|
35.
17.
(
45.
55.
38.
-Q4...|
I
17.
54.
|
46.
36.
1972-Q1...|
14.
34.
-Q2-- |
54.
|
52.
19.
|
49.
32.
55.
-Q3...I
14.
|
55.
31.
55.
-Q4... |
I
17.
54.
32.
1973-Q1...|
I
51.
17.
54.
|
51.
32.
-Q2-- |
34.
20.
|
45.
-Q3. ... |
55.
37.
22.
56.
I
41.
-Q4...I
I
32.
20.
|
48.
55.
1974-Q1. ... |
17.
|
52.
31.
54.
-Q2...I
|
36.
37.
27.
-Q3...|
58.
|
30.
38.
3257.
-Q4-- |
1
36.
32.
57.
|
32.
1975-Q1... |
— Q2--. |
|
35.
37.
28.
56.
56.
|
39.
39.
22.
-Q3-- |
57.
36.
22.
|
42.
-Q4... |
1
34.
1976-Q1... |
|
42.
23.
57.
36.
20.
-Q2-- |
56.
I
44.
57.
|
43.
33..
24.
-Q3...I
34.
25.
59.
1
41.
-Q4...I
I
26.
59.
|
39.
35.
1977-Q1...|
|
35.
37.
28.
59.
-Q2...I
-Q3...|
61.
|
32.
30.
38.
64.
|
22.
46.
32.
-Q4...I
I
41.
|
27.
32.
1978-Q1...|
62.
64.
|
23.
3344.
-Q2...|
46.
64.
|
22.
33.
-Q3-- 1
28.
52.
66.
-Q4...I
I
19.
I
1979-Q1. ... |
65.
33.
50.
I
17.
27.
58.
-Q2...I
67.
I
15.
31.
55.
-Q3-- |
67.
I
14.
|
15.
33.
52.
-Q4...|
68.
I
1980-Q1...|
48.
66.
|
16.
36.
66.
38.
51.
~Q2-- |
I
1131.
65.
|
29.
40.
-Q3...I
|
40.
39.
21.
-Q4...|
62.
I
1981-Q1...|
20.
|
42.
38.
61.
|
47.
17.
60.
36.
-Q2...I
38.
20.
61.
|
42.
-Q3...|
J ________




TYPICAL INTEREST RATES CHARGED ON FARH LOANS
(AVERAGE, PER CENT)
DATE OF
SURVEY

|
|
1
|
1967-Q1... |
-Q2-- |
-Q3. .. |
-Q4. .. (
|
1968-Q1...|
“Q2...I
-Q3...|
-Q4. .. |
|
1969-Q1...|
-Q2... |
-Q3... |
-Q4...|
1
1970-Q1...I
-Q2...I
-Q3...|
- Q4__ (
|
1971-Q1... |
-Q2...|
-Q3... |
-Q4-- |
|
1972-Q1...|
-Q2-- I
-Q3-- |
-Q4... |
|
1973-Q1...|
-Q2-- |
-Q3..-I
-Q4-- |
J
1974-Q1...|
-Q2... |
-Q3-- |
-Q4...I
(
1975-Q1... |
-Q2...I
-Q3...|
-Q4...|
|
1976-Q1...|
-Q2...I
-Q3-- |
-Q4...|
|
1977-Q1-- |
-Q2-..I
-Q3-- |
-Q4...|
|
1978-Q1...|
-Q2. .. |
-Q3...|
-Q4-- |
I
1979-Q1...|
-Q2-- 1
-Q3...|
-Q4. .. |

FEEDER CATTLE
LOANS

OPERATING
LOANS

6.42
6.41
6.39
6.42

*****
*****

6.52
6.67
6.85
6.86

*
*
*
*

6.85
7.04
7.19
7.47
7.59
7.73
7.78
7.81

*****
*****

*****
*****

*****
*****
*****

*****
*****
*****

*****

*****

*
*
*
*

*
*
*
*

7.81
*****
8.00
*****

7.81
7.58
7.57
7.57

*****

8.03
7.76
7.70
7.74

7.54
7.46
7.44
7.47

*****
*****

8.28
8.30
8.60
9.05
8.95
8.84
8.76
8.81

*
*
*
*

*
*
*
*

*
*
*
*

*****
*****
*****
*****

*
*
*
*

7.52
7.55
7.69
8.27

*
*
*
*

REAL ESTATE
LOANS

**
**
**
**

*****
*****
*****

*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
*****

*****
*****

7.69
7.62
7.61
7.64
7.67
7.71
7.81
8.35
8.50
8.39
8.60
9.06

8.90

9.04
8.94
8.89
8.96

8.80
8.74
8.79
8.76

8.89
8.85
8.88
8.87

8.97
8.95
8.95
8.96

8.71
8.71
8.74
8.79

8.83
8.82
8.84
8.89

8.92
8.91
8.93
8.97

8.85
8.90
9.12
9.40

8.91
9.00
9.21
9.50

9.00
9.07
9.30
9.61

10. 14
10.46
10.82
11.67

10.25
10.54
10.91
11.73

10.20
10.47
10.83
11.41

1980-Q1...|
-Q2...|
-03...1
-Q4...I

13.52
17.12
13.98
14.26

13.57
17.13
14.01
14.31

13.02
16.17
13.47
13.71

1981-Q1.•.|
-Q2...I
-Q3...|
__________ I__

17.34
16.53
17.74

17.39
16.55
17.78

15.73
15.38
16.39

43

LAND VALUE AND CBEDIT CONDITIONS SURVEY, SEVENTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF CHICAGO
TABLE 341.5Q

TRENDS IN FARH REAL ESTATE VALUES AND LOAN VOLUME
MARKET VALUE OF GOOD FARMLAND

I

DATE OF
SURVEY

PERCENTAGE CHANGE
| FROM PREVIOUS—

|

I

PERCENTAGE OF BANKS EXPECTING
TREND DURING THE CURRENT
QUARTER TO BE—

QUARTER

YEAR
DOHN

STABLE

-1.
0.
2.
2.

-3.
-3.
-2.
2.

42.
25.
15.
9.

55.
69.
75.
74.

***

***

1_
I
1961-Q1... |

-Q2... |
-Q3... |
-Q4...J
1962-Q1...|
-Q2... |
-Q3--- 1
-Q4... |

***

***

UP

PERCENTAGE OF BANKS EXPECTING
FARM REAL ESTATE LOAN VOLUME
DURING THE CURRENT QUARTER,
AS COMPARED WITH VOLUME MADE
A YEAR EARLIER, TO BE—
LONER

SAME

4.
610.
17.

♦**
***
***
***

***
***
»**
***

***
***
***
***

***

***
*♦*
***
***

***
***
♦ **
***

***
***
***
***

1.

4.

6.

75.

19-

***

***

***

***

***

HIGHER

0.

1.

10.

81.

10.

1963-Q1... |
-Q2. .. |
-Q3-- |
-Q4...I

1.
0.
2.
1.

***

1.
3.
3.

4.
5.
3.
5.

76.
71.
74.
59.

20.
24.
23.
36.

***
***

***
***

***
***

***
***

***
***

***
***

1964-Q1__ |
-Q2...I
-Q3...|
-Q4...|

1.
1.
1.
2.

3.
4.
3.
4.

2.
1.
2.
1.

61.
58.
61.
54.

37.
41.
37.
45.

***
*♦*
***
***

♦**
***
***
#*♦

***
***
***
***

1965-Q1...|
-Q2...|
-Q3...I
-Q4...|

1.
2.
12.

5.
6.
5.
7.

1.
1.
0.
1.

45.
39.
42.
24.

54.
60.
58.
75.

***
***
2,.
***

***
***
73.
***

***
***
25.
***

1966-Q1...|
-Q2-.. |

2.
4.
1.
3.

8.
10.
9.
9.

0.
0.
1.
1.

26.
17.
28.
34.

74.
83.
71.
65.

3.
***
***
4.

67.
***
***
64.

30.
***
***
33.

1967-Q1...|
-Q2... |
-Q3...|

2.
2.
1.
2.

8.
7.
5.
6.

1.
1.
1.
2.

42.
44.
51.
45.

57.
56.
48.
53.

***
***
8.
13.

***
***
76.
72.

***
***
15.
15.

1968-Q1__ |
-Q2...i
-Q3...|
-Q4...I

2.
2.
0.
1.

6.
6.
6.
3.

8.
8.
6.
13.

59.
56.
58.
59.

33.
36.
35.
28.

***
***
27.
28.

***
***
63.
62.

«**
***
11.
10.

1969-Q1-- |
-Q2...J
-Q3...|
-Q4... |

2.
1.
2.
0.

5.
3.
4.
4.

8.
14.
12.
20.

68.
62.
66.
66.

24.
24.
22.
14.

12.
***
***
44.

81.
♦**
♦ **
50.

7.
***
***
5.

1970-Q1__ |
-Q2...I
-Q3...|
-Q4..-I

0.
1.
0.
0.

4.
1.
-1.
0.

22.
21.
15.
17.

64.
68.
78.
72.

14.
11.
8.
11.

41.
***
35.
31.

52.
♦**
60.
59.

8.
***
5.
10-

1971-Q1...|
-Q2...|
-Q3...1
-Q4... |

11.
2.
1.

1.
2.
3.
4.

14.
6.
1.
3.

75.
80.
83.
81.

11.
14.
16.
16.

28.
17.
13,.
9.

63.
68.
75.
76.

9.
15.
11.
15.

1972-Q1...|
-Q2...J
-Q3. .. |
-Q4...|

1.
1.
2.
3.

4.
4.
3.
6.

3.
1.
0.
1.

75.
65.
66.
47.

22.
34.
34.
52.

11.
8.
10.
a.

7270.
72.
67-

17.
23.
18.
25.

1973-Q1...|
-Q2-- I
-Q3...I
-Q4...|
I
1974-Q1...|
-Q2...I
-Q3...|
-Q4...|

2.
6.
4.
8.

7.
11.
13.
17.

1.
0.
1.
1.

52.
44.
43.
43.

47.
56.
56.
56.

8.
7.
12.
17.

70.
61.
63.
62.

22.
32.
25.
21.

5.
12.
3.
8,.

24.
34.
29.
25.

2.
3.
8.
5.

52.
53.
67.
66.

46.
44.
25.
29.

17.
11.
26.
35.

64.
62.
61.
54.

19.
27.
13.
11.

1975-Q1...|
-Q2...I
-Q3... |
-Q4... |

3.
2.
4.
9.

23.
14.
15.
17.

9.
8.
6.
1.

77.
79.
81.
56.

14.
13.
13.
43.

34.
26.
23.
20.

5662.
68.
68.

9.
12.
9.
12.

1976-Q1...|
-Q2...|
-Q3...|
-Q4...|

7.
7.
6.
8.

22.
27.
30.
29.

3.
1.
1.
2.

68.
67.
58.
55.

29.
31.
41.
43.

15.
11.
17.
15.

73.
71.
65.
67.

13,.
18.
18.
19-

1977-Q1.,.|
-Q2-..|
— Q3...|
-Q4. .. |
1
1978-Q1...|
-Q2...I
-Q3...I
- Q4.. . |
I
1979-Q1...|
-Q2...I
-Q3. .. |
-Q4...I

5.
8.
4.
-1.

28.
30.
30.
18.

2.
1.
9.
34.

61.
51.
65.
56.

37.
48.
26.
10.

16.
12.
18.
36.

64.
65.
66.
56.

20.
23.
16.
8.

2.
4.
4.
4.

13.
7.
8.
15.

16.
6.
3.
3.

74.
71.
74.
69.

10.
23.
23.
28.

31.
25.
25.
29.

61.
63.
64.
62.

8.
13.
10.
9.

3.
2.
3.
6.

17.
16.
13.
17.

2.
3.
2.
3.

70.
62.
65.
56.

28.
35.
33.
41.

35.
31.
29.
37.

58.
59.
6257.

7.
10.
9.
6.

1980-Q1...|
-Q2...|
-Q3-- |
-Q4-- I

-2.
-2.
2.
5.

14.
9.
3.
3.

4.
47.
20.
5.

7050.
73.
66.

26.
4.
7.
29.

46.
74.
56.
40.

51.
25.
42.
56.

2.
12.
4.

4.
2.
1.

7.
10.
14.

4.
3.
8.

62.
71.
78.

33.
26.
14.

43.
35.
49.

54.
61.
50.

3.
4.
1.

-Q4-- |

1981-Q1... |
-Q2-- |
-Q3...I
__________ L




44

SURVEY OF CURRENT AGRICULTURAL CREDIT CONDITIONS, NINTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF MINNEAPOLIS
TABLE 342.1Q

CURRENT FARE LENDING EIPERIENCE
PERCENTAGE OF BANKS REPORTING
CURRENT EXPERIENCE COMPARED WITH USUAL CONDITIONS
DEMAND FOR NON-REAL-ESTATE LOANS

DATE OF
SURVEY

SHORT-TERM

DEMAND FOR DEBT
EXTENSION OR
REFINANCING

INTERMEDIATE-TERM

LOWEEI SAME__

LOWEE

SAME

HIGHER

1964-Q1...|
-Q2. .. |
-Q3-.-I
-Q4...I

9.
7.
15.
16.

66.
76.
68.
71.

25.
17.
17.
13.

♦**
***
***
*♦*

***
*♦*
***
***

***
***
***
***

1965-Q1... |
- Q2 . .. |
-Q3. .. |
-Q4...I

8.
7.
3.
17.

57.
60.
69.
78.

35.
33.
28.
5.

***
*♦*
***
***

***
***
***
***

***
***
***
***

1966-Q1...|
-Q2...|
-Q3-- |
-Q4...I

9.
6.
♦**
10.

70.
78.
***
77.

21.
16.
***
13.

***
***
***
***

***
***
***
***

***
*♦*
***
***

1967-Q1...|
-Q2. .. |
~Q3-- |
-Q4...|

8.
3.
3.
14.

77.
80.
65.
77.

15.
17.
32.
9.

***
***
***
7.

***
***
***
87.

***
***
***
6.

1968-Q1...|
-Q2...|
-Q3...|
-Q4...J

2.
3.
2.
4.

76.
76.
72.
87.

22.
21.
26.
9.

6.
8.
5.
7.

80.
76.
84.
85.

14.
16.
11.
8.

1969-Q1.-.|
-Q2. .. |
-Q3. .. |
-Q4. .. J

8.
10.
5.
10.

82.
72.
81.
76.

10.
18.
14.
14.

7.
11.
8.
10.

82.
76.
79.
80.

1213.
13.
10.

1970-Q1...|
-Q2--. |
-Q3...I
-Q4.-.. |

6.
2.
3.
7.

76.
78.
66.
81.

18.
20.
31.
12.

7.
12.
14.
12.

85.
7669,.
83.

9..
11.
17.
5.

1971-Q1.- . |
-Q2...I
-Q3. .• |
-Q4-- I

8.
4.
4.
6.

74.
62.
74.
84.

18.
33.
22.
11.

15.
12.
5.
9.

79.
75.
87.
79.

6.
13.
8.
12.

1972-Q1...|
-Q2. .. |
-Q3-- |
- Q4 ...« |

6.
2.
2.
11.

79.
85.
84.
81.

15.
13.
13.
7.

5.
2.
5.
5.

85.
85.
85.
85.

10.
13.
10.
10.

1973-Q1...|
-Q2...|
-Q3. .• |
-Q4... |

17.
13.
8.
20.

72.
64.
72.
67.

12.
23.
20.
13.

7.
5.
5.
11.

85.
77.
81.
71.

9.
18.
14.
17.

1974-Q1.... |
-Q2. ., |
-Q3... |
-Q4...|

19.
25.
6.
12.

62.
54.
66.
65.

19.
21.
28.
24.

14,.
14.
11.
16.

77.
74.
77.
72.

9.
12.
12.
12.

1975-Q1...|
-Q2. ... |
-Q3...I
— Q4... |

15.
11.
9.
12.

55.
59.
56.
79.

30.
30.
35.
10.

23.
13.
17.
15,.

67.
71.
68.
74.

10.
16.
15.
12.

1976-Q1. .. |
-Q2-..1
-Q3...|
-Q4...I

7.
4.
8.
13.

64.
75.
61.
57.

30.
20.
31.
30.

12.
9.
20.
23.

73.
78..
70.
63.

15.
13.
9.
14.

1977-Q1...|
-Q2...I
-Q3-- I
-Q4...|

9.
8.
3.
8.

55.
53.
60.
60.

37.
39.
37.
31.

25.
25.
20.
22.

50.
58.
66.
56.

25.
17.
14.
21.

1978-Q1...|
-Q2-- J
-Q3...I
~Q4-- |

6.
5.
1.
6.

69.
66.
72.
63-

26.
29.
28.
31.

22.
13.
6.
7.

67.
73.
75.
72.

11.
14.
19.
22.

1979-Q1...|
-Q2-- |
-Q3...|
-Q4...|

3.
14.
6.

70.
69.
54.
43.

28.
30.
42.
51.

9.
8.
6.
9.

76.
71.
67.
65,.

15.
21.
27.
26.

1980-Q1. .. |
-Q2. .. |
-Q3...I
-Q4-..I

15.
26.
38.
36.

55.
50.
49.
60.

31.
24.
14.
4.

29.
52.
74.
46.

60.
41.
23.
50.

12.
7.
3.
4.

1981-Q1...|
-Q2. ... |
-Q3. .. |
1

58.
33.
31.

39.
57.
55.

3.
10.
13.

71.
56.
59.

28.
41.
39.

1.
3.
2.

__LOWER

SAME__£
I
I
I
I
I
I
I
I
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

***
***
5.
9.

***
***
52.
53.

***
***
43.
38.

2.
211.
21.

38.
43.
62.
63.

60.
55.
27.
16-

20.
15.
***
22.

5065.
***
68-

30.
20.
♦**
IQ-

18.
6.
11.
16.

7079.
SI71.

12.
15.
8.
13.

8.
2.
6.
17.

65.
65.
70.
79.

27.
33.
24.
4.

13.
9.
11.
14.

72.
71.
76.
78.

15.
20.
13.
8.

1
1
1
1
i
1
1
1
1
1
1
1
1
1
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i

14.
10.
10.
6.

67.
73.
77.
82-

19.
17.
13.
12.

6.
4.
39.

58.
71.
85.
83-

36.
25.
12.
8.

10.
4.
5.
16.

74.
81.
87.
79.

15.
15.
8.
5.

3024.
19.
44.

66.
6977.
54-

46.
5.
2-

42.
40.
20.
17.

53.
50.
64.
59.

5.
10.
16.
24.

7.
8.
7.
13.

4947.
52.
63.

45.
45.
41.
24.

4.
4.
51.

58.
54.
61.
51.

3842.
34.
47.

1.
1.
2.
1.

3034.
43.
38-

69.
64.
55.
61.

1.
2.
4.
10.

365076.
73.

63.
4820.
17.

13.
lOll.
5.

71.
76.
69.
58.

16.
14.
19.
37.

7.
4.
6.
9.

51.
40.
51.
68.

4155.
43.
23.

8.
7.
6.

61.
56.
53.

31.
37.
41.

DEBT
REPAYMENT

I
1
1
1
1
1
1
1
1
1
1
i
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
I

SLOW
2823.
34.
27.
53.
46.
26.
11.
23.
10.
***
611.
16.
10.
6.
26.
26.
0.
6.
12.
19.
11.
6.
11.
14.
1616.
38.
25.
19.
918127.
2.
0.
2.
1.
3.
4.
6.
23.
35.
5250.
34.
21.
31.
42.
35.
60.
75.
75.
62.
74.
61.
55.
2828.
21.
1820.
46.
46.
64.
62.
32.
30.
44.
43.

PROPORTION OF FARM
CUSTOMERS LOANBD UP
TO THEIR PRACTICAL
DEBT LIMIT, COMPARED
WITH A YEAR EARLIER

USUAL_ b a p i d __ |__ j
1
62.
10.
12.
1
15.
761.
1
66.
0.
151
71.
6.
2.
1
i
446.
1.
1
7.
52.
2.
1
4.
8.
70.
1
14.
25.
75.
1
t
20.
67.
10.
1
84.
6.
161
***
***
***
1
1480.
16.
1
1
74.
15.
18.
1
83.
1.
9.
1
89.
1.
6.
1
87.
7.
10.
1
1
7.
731.
1
74010.
1
17.
2.
83.
1
14.
14.
80..
1
1
844.
15.
1
2.
6.
79.
1
2.
2.
871
57.
891
1
10.
82.
7.
1
85.
2.
8.
1
3.
82.
1.
1
2.
5.
82.
I
i
4.
59.
3.
1
75.
03.
1
81.
3.
1.
1
8762.
1
1
77.
6.
121
86.
2.
9.
1
92.
1.
9.
1
86.
12.
17.
1
1
742630.
1
76.
23.
361
80.
18.
28.
1
40.
4356.
1
1
61.
36.
44.
1
41.
66.
28.
1
71.
619.
1
57.
a.
16.
1
1
40.
8.
10.
1
45.
10.
5.
1
65.
1.
6.
1
74.
4.
12.
1
1
68.
1.
9J
58.
0.
6.
1
63.
2.
31
2.
38.
2.
1
1
250.
2.
1
25.
1.
1.
1
0.
1.
38.
1
260.
2.
1
1
391.
6.
1
45.
0.
7.
1
67.
5.
16.
1
67.
4.
231
1
71.
8.
30.
1
72.
1028.
1
77.
3.
18.
1
8.
5221
1
4..
50.
6.
1
0.
36.
3.
1
136.
3.
1
59.
9.
51
1
58.
11.
11.
1
44.
53.
1
55.
2.
5,.
1
1

HIGHS
58.
45.
43.
54.

29.
40.
42.
40.

53.
53.
60.
63.

43.
4032.
12.

64.
70***
74-

1614.
♦**
10.

7683.
8180-

6.
8.
13.
10.

68.
61.
66.
72-

25.
29.
32.
14.

7375.
8282.

12.
19.
16.
11.

75.
75.
71.
75.

16.
18.
26.
2a.

6969.
7581-

29.
28.
22.
13.

7679.
83.
79.

12.
12.
7.
4.

686171.
56-

132.
1-

55.
5657.
57.

1.
3.
23.
27.

5145.
5663.

38.
45.
37.
25-

61.
6261.
56.

31.
3236.
42.

4449.
4547.

55.
51.
55.
52.

45.
61.
62.
62.

50.
31.
2215.

61.
60.
56.
63.

8.
13.
26.
28.

62.
4046.
69.

32.
57.
53.
26.

62.
63.
62.

27.
32.
33.

AS OF THE 1981-Q2 (APRIL 1) SURVEY , THE WORDING OF MANY QUESTIONS WAS ALTERED. THE SURVEY RESULTS SHOWN ABOVE ARE HIGHLY COMPARABLE
TO EARLIER DATA. HOWEVER, BECAUSE THE COLUMN HEADINGS REFLECT THE OLD FORM OF THE QUESTIONS, PERSONS USING OR QUOTING THE LATEST
RESULTS SHOULD OBTAIN THE NEW WORDING BY REQUESTING COPIES OF THE NEW QUESTIONAIRE AND SURVEY REPORTS (AGRICULTURAL CREDIT
CONDITIONS SURVEY, FIRST AND SECOND QUARTERS, 1981) FROM THE RESEARCH DEPARTMENT, FEDERAL RESERVE BANK, MINNEAPOLIS, H I 55480.




45
SURVEY OF CURRENT AGRICULTURAL CREDIT CONDITIONS,
TABLE 342-2Q

NINTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF MINNEAPOLIS

EXPECTED FARM LOAN DEMAND AND REPAYMENT CONDITIONS
PERCENTAGE OF BANKS REPORTING
EXPECTED DEMAND FOR FARM LOANS IN CURRENT
QUARTER, COMPARED HITH USUAL CONDITIONS
DATE OF
SURVEY

NON-REAL-ESTATE LOANS
LOWER .SAME

HIGHER

DEBT EXTENSION
OR REFINANCING
LOHER .SAME

HIGHER

|
| ADVERSE CHANGE
EXPECTED IN
I
| J?ARMERS' ABILITY
| TO REPAY DEBTS
IIIJ THE NEAR FUTURE
1
1
|
35.
j
52.
|
48.
|
47..
1
|
48|
32.
|
23.
|
22.
I
|
10.
|
7.
i
***
\
5.
I
|
9.
|
21.
I
15.
|
30.

1964-Q1...
-Q2...
-Q3.. -Q4...

6.
5.
5.
4.

73.
72.
73.
64.

21.
23.
22.
32.

***
***
4.
1.

***
***
66.
59.

***
***
30.
4 0.

1965-Q1...
-Q2...
-Q3...
-Q4...

2.
3.
9.
20.

49.
47.
74.
68.

49.
50.
17.
12.

1.
1.
14.
28.

44.
51.
69.
53.

54.
48.
17.
19.

1966-Q1...
-Q2...
-Q3...
-Q4.. .

5.
4.
***
14.

72.
78.
***
72.

23.
18.
***
14.

14.
11.
***
26.

66.
76.
***
64.

20.
13.
***
10.

1967-Q1.. .
-Q2...
-Q3...
-Q4...

6.
3.
4.
13.

87.
76.
82.
73.

7.
21.
14.
14.

13.
3.
4.
13.

79.
81.
87.
74.

8.
16.
9.
13.

1968-Q1...
-Q2...
-Q3...
-Q4. ...

6.
6.
4.
7.

81.
74.
79.
80.

13.
20.
17.
13.

6.
0.
4.
12.

64.
70.
79.
71.

30.
30.
17.
17.

1969-Q1__
-Q2. ..
-Q3--Q4...

6.
4.
8.
10.

82.
75.
75.
79.

12.
21.
17.
11.

11.
5.
7.
11.

75.
75.
82.
79.

14.
20.
11.
10.

1970-Q1__
-Q2...
-Q3...
-Q4. ..

2.
5.
7.
8.

81.
73.
80.
79.

17.
23.
14.
13.

7.
6.
7.
8.

76.
78.
78.
71.

17.
15.
15.
20.

1971-Q1...
-Q2...
-Q3...
-Q4...

5.
3.
2.
9.

76.
69.
88.
76.

19.
28.
11.
14.

3.
3.
3.
13.

71.
75.
86.
75.

26.
22.
10.
13.

1972-Q1. ..
-Q2. --Q3...
-Q4...

3.
2.
4.
16.

85.
83.
88.
69.

12.
14.
7.
15.

7.
4.
7.
25.

77.
83.
87.
65.

16.
13.
6.
10.

1973-Q1...
-Q2...
-Q3...
-Q4. ...

22.
5.
5.
33.

70.
76.
81.
51.

8.
19.
14.
15.

27.
16.
15.
48.

69.
77.
80.
44.

4.
8.
58.

1974-Q1.,. .
-Q2...
-Q3...
-Q4...

36.
14.
9.
11.

59.
62.
63.
53.

6.
24.
28.
35.

46.
27.
6.
11.

50.
63.
66.
47.

4.
10.
28.
42.

1975-Q1...
-Q2...
-Q3...
— Q4 . .

20.
10.
7.
12.

51.
49.
70.
72.

29.
41.
23.
16.

17.
8.
4.
10.

38.
44.
71.
65.

45.
48.
25.
2 5.

1976-Q1...
-Q2...
-Q3...
-Q4,...

4.
3.
9.
7.

70.
78.
65.
51.

27.
19.
26.
42.

13.
51.

62.
75.
55.
29.

36.
22.
40.
71.

1977-Q1--Q2...
-Q3...
-Q4...

10.
7.
8.
3.

46.
46.
61.
56.

44.
46.
31.
41.

1.
1.
5.
0.

21.
39.
41.
34.

79.
60.
54.
66.

1978-Q1...
-Q2...
-Q3...
-Q4...

7.
3.
4.
12.

59.
58.
69.
64.

34.
39.
27.
24.

2.
2.
10.
20.

47.
64.
76.
62.

51.
35.
14.
19.

1979—Q1- ...
-Q2...
-Q3...
— Q4.•.

3.
3.
3.
9.

77.
66.
63.
48.

20.
30.
34.
43.

10.
8.
8.
10.

76.
76.
73.
43.

14.
17.
19.
47..

|
|
|
|

9.
15.
24.
34.

1980-Q1...
-Q2...
-Q3...
-Q4...

17.
18.
27.
21.

54.
45.
56.
67.

30.
38.
16.
12.

6.
9.
7.
16.

56.
38.
54,.
63.

38.
53.
39.
21.

|
|
|
|

46.
83.
69.
29.

1981-Q1...
-Q2...
-Q3...

45.
11.
22.

46.
73.
63.

9.
16.
16.

14.
7.
8.

51.
60.
62.

35.
33.
30.

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

30.
35.
27.
28.
14.
20.
21.
1517.
15.
17.
19.
26.
21.
17.
19.
14.
8.
17.
5.
5.
3.
9.
6.
9.
24.
59.
56.
62.
63.
31.
20.

1

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

29.
34.
58.
70.
73.
6660.
58.
48.
33.
12.
20-

1

I
|

|

|
_________ L_

35.
37.
32.

AS OF THE 1981-Q2 (APRIL 1) SURVEY, THE HORDING OF MANY QUESTIONS HAS ALTERED. THE SURVEY RESULTS SHOHN ABOVE ARB HIGHLY COMPARABLE
TO EARLIER DATA. HOHEVER, BECAUSE THE COLUMN HEADINGS REFLECT THE OLD FORM OF THE QUESTIONS, PERSONS USING OR QUOTING THE LATEST
RESULTS SHOULD OBTAIN THE NEH HORDING BY REQUESTING COPIES OF THE HER QUESTIONAIRE AND SURVEY REPORTS (AGRICULTURAL CREDIT
CONDITIONS SURVEY, FIRST AND SECOND QUARTERS, 1981) FROM THE RESEARCH DEPARTMENT, FEDERAL RESERVE BANK, MINNEAPOLIS, HN 55480.




46

SURVEY OF CURRENT AGRICULTURAL CREDIT CONDITIONS, NINTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF MINNEAPOLIS
TABLE 342.3Q

AVERAGE LOAN/DEPOSIT RATIO, AND PERCENTAGE OF BANKS REPORTING OTHER CONDITIONS THAT REFLECT RELATIVE CREDIT AVAILABILITY
REFUSED OR
|EXPECT PROBLEMS| NUMBER OF FARM LOAM REQUESTS REFERRED TO—
REDUCED A |ACTIVELY| IN MEETING
NONBAHK AGENCIES
FARM LOAN |SEEKING | NORMAL FARM | CORRESPONDENT BANKS
REQUEST IN 1 NEN
| LOAN REQUESTS |__________________
LONER
HIGHER
PREVIOUS | FARM | IN CURRENT
|
| COMPARED WITH
| COMPARED WITH
QUARTER DUE| LOAN |QUARTER DUE TO |NONE| USUAL NUMBER
NONE| USUAL NUHBBR
THAN
DESIRABLE THAN
DESIRED
DESIRED TO SHORTAGE|ACCOUNTS| AVAILABILITY |
I__________________
LLONER SAHE HIGHER, ____ ILPggg-SAgg.h i g h e r
J ___ OF .FUNDS, _L_
OF FUNDS 1
LOAN/DEPOSIT RATIO IS—

AVERAGE
LOAN/DEPOSIT
RATIO
(PERCENT)

DATE OF
SURVEY

__

1 9 6 4 - Q 1 ...|

* * *

|

* * «

* * *

* * *

1

- Q 2 . . . |

* * *

*♦ *
* * *

* * *

* * *

I
|

* * *

- Q 3 . . . J

* * *

* * *

* * *

|

2 3 .

5 6 .

2 1 .

-Q 4 . . .

|

5 -

8 1 .

5 .

I

* * *

* * *

1

6 .

7 6 .

6 .

1 5 .

1

6 8 .

8 .

* * *
*♦ *

7 1 .

8 .

I
|

1 4 .

|

2 3 .

6 8 *

9 .

1

|

4 .

7 0 .

3 .

I

♦ **

2 0 .

7 3 .

7 .

1

* * *

1

* * *

**♦

* * *

* * *

* * *

1 2 .

7 5 -

1 3 .

* * *

8 .

8 2 .

1 0 .

* * *

1 4 .

8 1 .

5 .

1
1 9 6 5 - Q 1 ...|

* * *

|

1 8 .

5 9 .

- Q 2 --------|

* * *

2 2 .

|

6 .

7 2 .

5 .

8 3 .

1 .

1

* * *

7 .

7 2 ,.

2 0 .

1 0 .

8 3 .

7 .

1

* * *

6 .

1

2 0 .

6 5 .

1 5 .

|

4 .

6 7 .

4 .

- Q 3 . . . I

* * *

|

1 8 .

6 0 .

2 2 .

|

7 .

7 1 .

3 .

I

* * *

7 .

8 5 .

8 .

1

- Q

* * *

|

1 6 .

6 2 .

2 2 .

|

3 .

7 6 .

2 .

I

* * *

1 5 .

8 0 .

5 .

1

4 . . . 1

I
* * *

1 9 6 6 -Q 1 . . . |

* * *

I

* * *
* * *

1 6 .

I
|

6 6 .

2 8 .

* * *

7 .

8 1 .

1 2 .

* * *

7 .

8 5 *

8 .

* * *

11*

7 9*

1 0 .

* * *

* * *

1

I
1 7 .

7 0 .

1 3 .

|

3 .

7 2 .

3 .

I

♦ **

1 0 .

8 3 .

7 .

1 9 .

|

1

|

2 0 .

* * *

1

* * *

6 1 .
* * *

* * *

I

1 0 .
**♦

7 3 .
* * *

6 .
* * *

I
|

* * *
* * *

5 .
* * *

9 0 .
* * *

5 .
♦ **

1

- Q 3 . . . J

1

* * *

6 .
* * *

8 4 .
* * *

- Q 4 . . . |

##♦

1

1 4 .

6 9 .

1 7 .

|

1 3 .

5 6 .

1 3 .

I

* * *

1 1 .

8 2 .

7 .

1

* * *

9*

8 7 .

4 .

* * *

J

1 6 .

6 7 .

1 7 .

|

1 1 .

6 1 .

6 .

I

* * *

6 .

9 1 .

3 .

*♦ *

9 .

8 6 .

5 .

* * *

- Q 2 . . . |

1 0 .

1
1 9 6 7 - Q 1 .. . |

1

* * *

|

2 0 .

6 0 .

2 0 .

|

1 4 .

6 4 .

8 .

I

9 .

8 3 .

8 .

- Q 3 . . . |

* * *

I

1 7 .

6 3 .

2 0 .

|

2 6 .

6 2 .

7 .

I

* * *

5 .

8 4 .

1 1 .

1

- Q 4 --------|

* * *

I

1 9 .

6 3 .

1 8 .

|

5 .

7 3 .

1 .

I

* * *

3 .

9 1 .

6 .

1

* * *

I
|

2 2 .

- Q 2 --------|

1 9 6 8 -Q 1 . . . |

I
6 5 .

1 3 .

|

5 .

9 5 .

4 .

I

1

* * *

3 .

8 6*

1 1 .

* * *

5 .

9 2 .

3*

* * *

1 0 .

8 8 .

2 .

* * *

6*

8 3 .

1 1 .

1
♦ **

1 3 .

8 2 .

5 .

1

- Q 2 -------- |

*♦ *

I

2 2 .

5 8 .

2 0 .

|

5 .

6 5 .

4 .

I

* * *

1 7 .

7 6*

7 .

1

* * *

3 .

8 8 .

9 .

- Q 3 . . . |

* * *

I

11-

6 2 .

2 7 .

|

1 7 .

5 5 .

1 0 .

7*

1

* * *

4 .

8 9 *

7 .

|

2 3 .

6 4 .

1 3 .

|

6 .

6 6 .

2 .

**♦
* * *

8 8 .

- Q 4 . . . |

I
|

5 .

* * *

10*

8 4 *

6*

1

* * *

9*

8 8 .

3 -

5 2 .

i
|

3 3 .

* * *

1 1 .

8 3 .

6*

- Q 2 . . . J

5 6 .

|

2 6 .

6 1 .

1 1 .

- Q 3 ------- I
- Q 4 . . . I

5 8 .

|

1 6 .

6 4 .

5 9 .

|

1 3 .

6 4 .

2 3 .

5 6 .

1
|

1 8 .

1 9 6 9 -Q 1 . * .

|

1 9 7 0 -Q 1 ... . |

1
6 0 .
5 9 .

4 .

7 7 .

7 .

I

1 5 .

|

8 .

7 0 .

2 0 .

|

1 8 .

5 2 .

|

1 5 .

4 5 .

1 .

16*

7 9 .

5*

1

4 .

4 7 .

6 .

1

2 4 .

4 .

3 .

1

2 1 .

2 .

7 1*

6 .

4*

1

2 8 .

3 .

5 9 .

1 0 .

2 .

6 4 *

1 1 .

7 .

1
|

* * *
43*

1 1 .

|

3 2 .

4*

6 1 .

9 .

1

3 7 .

6 .

5 3 .

1
6 2 .

2 0 .

1 0 .

|

3 7 .

5 5 *

3*

1

2 3 .

- Q 2 . . . I

5 8 .

(

1 5 .

5 3 .

3 3 .

|

2 3 .

3 8 .

18*

|

3 8 .

5 .

5 0 *

7 .

1

2 4 *

1*

6 5 .

1 1 .

- Q 3 . . . |

6 1 .

I

5 .

4 8 .

4 7 .

|

3 2 .

3 2 *

1 9*

|

4 3 .

2 .

4 7 .

8 .

1

2 0 .

1 .

6 6 .

1 2 .

" Q 4 . . .

5 9 .

I

8 .

6 1 .

3 1 .

J

2 2 .

3 5 .

7 .

43*

3 .

4 6 *

8*

1

3 0 .

3 .

5 8 .

1 0 .

1 9 7 1 - Q 1 ...|

5 8 .

I
I

1 3 .

6 2 .

2 4 .

|

1 4 .

4 8 .

6 .

|

4 2 .

2 -

5 2 .

5*

1

2 2 .

2*

6 1 *

1 6 .

- Q 2 . . - I

5 9 .

|

1 6 .

6 0 .

2 4 .

|

9 .

5 6 .

5 .

|

4 4 .

3*

4 5 .

8 .

1

2 0 .

1 .

6 6 .

1 4 .

- Q 3 -------- |

6 1 .

1

1 1 .

6 5 .

2 3 .

|

9 .

5 7 .

5 .

1

4 3 .

1 .

5 2 .

4 .

1

2 8 -

1 .

6 2 *

9 .

~ Q 4 --------J

6 0 .

I

1 7 .

6 7 .

1 6 .

|

6 .

6 3 .

4 .

1

4 7 .

6 .

4 5 .

3 .

1

3 0 .

2 .

6 5 .

3 -

|

5 8 .

I
|

2 .

1
|

4 9 .

2 .

4 2 .

6 .

1

2 9 .

1 .

6 6 .

5 .

3 .

|

6 0 .

I

1 7 .

-Q 4 . . . |

5 9 .

|

2 3 .

5 8 .

|

3 2 .

6 2 .

1 9 7 2 -Q 1 . . .

|

- Q 2 . . . I
- Q 3. . .

5 8 .

1 9 7 3 - Q 1 _____ |

|

|

1 8 .

4 7 .

|

4 .

1

2 8 .
2 8 .

|

1

6 0 .

1 3 .

6 0 .

1 2 .

5 .

6 9 .

5 .

1

5 1 .

4 2 .

5 .

1

3 0 *

1 .

6 1 .

8 .

7 1 .

1 3 .

|

2 .

6 8 *

2 .

|

50*

1 .

4 3 .

6 .

1

3 4 .

1 .

62*

3 .

7 1 .

6 .

|

2 .

7 2 .

3 .

|

5 2 .

4 .

4 1 .

2 .

1

3 7 .

4 .

5 8 .

2 .

6 .

|

2 .

7 5 .

2 .

i
|

47*

2*

4 4 *

7 .

1

3 5 .

5 .

5 8 *

|

4 .

1

6 7 .

1
2*

- Q 2 ....I

5 8 .

|

3 6 .

5 8 .

7 .

I

5 .

7 8 .

2 .

1

4 7 .

3 .

4 4 .

7 .

1

3 6 .

5 .

5 8*

2 .

- Q 3 _____ i

6 1 .

|

2 6 .

58..

1 5 .

|

5 .

7 1 .

4 .

|

4 2 .

2*

4 9 .

7 .

1

3 4 .

2*

6 1 .

3 .

- Q 4 . . . |

6 1 *

|

2 9 .

5 6 .

1 5 .

|

9 .

6 2 .

8*

|

4 5 .

5 .

4 5 .

6 .

1

3 7 .

4 .

5 4 *

5 .

6 1 .

|

2 0 .

6 5 .

1 5 .

|

6 .

6 9 .

5 .

1

5 1 .

2 .

4 3 .

5 .

1

4 5 .

3 .

4 9*

3 .

6 3 .

4 6 .

1
1 9 7 4 - Q 1 .. . |
- Q 2 . . . |

I

2 9 .

4 .

7 6 .

4*

|

4 4 .

4 .

1

3 9 .

4 .

-Q 3 . . . |

6 3 .

1

1 3 .

6 0 .

2 7 .

|

1 8 .

4 6 .

2 0 .

|

3 8 .

5 .

4 8 .

9 .

1

2 8 *

3 .

6 4 .

6 .

~ Q 4 . - . |

6 5 .

I

7 .

5 4 .

3 9 .

|

3 5 *

2 7 .

3 0 *

|

41*

6 .

4 7 .

7 .

1

3 2 .

1 .

4 8 *

1 9 .

1 9 7 5 - Q 1 ,. * |

6 4 .

|

1 0 .

5 6 .

3 4 .

|

2 7 .

3 0 .

1 4 .

|

40*

6 .

4 6 .

8 .

1

2 4 .

1.

5 1 *

2 4 .

~ Q 2 ------- |

6 3 .

1

1 1 .

7 0 .

1 9 .

|

1 3 .

4 3 .

1 4 .

|

47*

6 .

4 0 .

6 .

1

3 1 *

2 .

4 0 .

2 7 .

- Q 3 ------- |

6 3 .

I

6 .

7 4 .

2 1 .

|

1 1 .

5 1 .

4 .

|

4 7 .

3 .

4 4 .

6*

1

3 2 .

2-

5 4*

1 1 .

- Q 4 . . . |

6 3 .

1

1 8 .

6 4 .

1 8 .

|

8 .

6 1 .

4 .

I

4 3 .

6 .

4 9 .

2*

1

3 5 .

2 .

5 4 .

9 .

1 9 7 6 -Q 1 • . • |

6 3 .

I
I

1 7 .

6 7 .

4 .

1
|

2 8 .

3 .

5 3 .

16-

- Q 2 - . . |

6 0 *

1 3 .

5 9 ,

1 1 .

|

6 .

5 6 *

2 -

1

1 6 .

|

5 .
7 .

6 2 .

1
4 2 .

4 .

3 8 .

4 9 .

6 .

1

6 3 .

1

1 7 .

6 7 .

1 6 .

|

6 3 .

3 .

3 .

5 4 *

5 .

1

2 6 .

1 .

- Q 3 . . . |

6 5 .

i

1 2 .

6 2 .

2 6 .

|

9 .

5 4 .

1 0 ,

|

4 2 *

1 .

4 6 *

10*

1

3 0 *

a .

5 8 .

1 2 .

- Q 4 --------|

6 6 .

1

1 9 .

5 5 .

2 6 .

i

1 0 .

5 5 .

1 2 .

|

3 8 *

4 .

4 9 .

a .

1

2 7 .

2 .

5 7 .

1 4 .

|

1
1 9 7 7 - Q 1 ...|

6 4 .

I

1 7 .

6 4 .

1 8 .

5 4 .

6 .

|

4 0 .

3 .

5 0 .

6 .

1

2 2 .

1 .

5 0 .

2 7 .

- Q 2 . . . 1

6 3 .

|

2 0 .

6 1 .

2 0 .

|

7 .

5 6 .

7*

1

4 5 .

2*

4 4 *

9 .

1

2 3 .

0*

4 4 *

3 3 .

- Q 3 . . . |

6 6 .

|

1 6 .

5 5 .

2 9 .

|

1 2 .

5 8 .

7 .

|

3 7 *

1 .

4 9 .

1 3 .

1

2 3 .

0 .

4 8 .

28*

- Q 4 . . . I

6 8 .

I

1 2 .

5 3 .

3 5 .

|

1 1 .

5 8 .

8 .

1

3 7 .

0 .

5 4 *

8 .

1

2 2 .

1 .

5 2 *

2 5 .

6 7 .

1
1

1 5 .

1 9 .

0 .

5 0 -

3 1 .

1

4 8 -

2 6 .

1 9 7 8 -Q 1 . * . |
- Q 2 . . . I
- Q3 - - -Q 4 . . .

6 7 .
I
|

|

1 0 .

1
5 1 .

3 4 .

|

3 1 .

1 0 .

6 1 .
6 6 .

7*

3 8 .

4 .

5 1 *

7-

1

1 2 .

5 8 .

|

12*

1

4 3 .

2*

4 9 .

7 .

1

2 3 .

2 .

7 0 .

I

8 .

5 4 .

3 8 .

|

1 4 .

5 4 .

17*

|

3 9 .

2 .

5 2 *

7 .

1

2 6 .

0 .

5 8 .

1 6 .

7 1 .

1

6 .

4 8 .

4 6 .

|

1 9 .

4 9 .

1 9 .

|

3 7 *

2 .

5 0 .

10*

1

2 1 .

2 .

6 3 .

1 5 .

1
|

9 .

1
1 9 7 9 —Q 1 . . . . |

I

7 0 .

|

1

1

3 .

5 0 .

4 7 .

4 5 .

13*

5 5 .

8 .

1

2 3 .

2 .

6 2 .

- Q 2 . . . |

7 1 .

1

3 .

5 1 .

4 6 .

|

27*

4 2 .

2 3 .

|

2 8 .

2 .

5 9 .

1 2 .

1

2 0 *

2 .

6 4 .

1 4 .

- Q 3 - . - I

7 3 .

1

2 .

4 0 .

5 8 .

f

3 2 .

3 4 .

2 6 .

|

3 4 .

0*

4 9 .

1 7 .

1

2 3 .

1 .

6 0 .

1 7 .

- Q 4 ..,.|

7 9 .

1
1
1

1 .

4 0 .

5 8 .

|

4 0 .

2 7 .

3 4 .

1

3 4 *

1 .

4 6 .

1 9 .

1

2 5 *

1 .

5 4 .

1 9 .

1 8 .

1 9 .

3 7 .

0 .

1 3 .

f

7 2 .

1

4 .

4 4 *

5 2 .

|

3 2 .

2 7 .

2 6 .

1
l

3 0 *

2 .

5 4 .

1 4 .

1

3 .

5 8 .

2 1 .

- Q 2 --------|

7 2 .

1

4 .

4 5 .

5 1 .

|

3 9 .

1 1 .

4 3 .

|

2 9 .

0 .

5 4 .

2 0 .

1

9 .

1-

4 7 .

4 3 .

- Q 3 -------- |

7 1 .

1

8 .

6 1 .

3 2 .

|

2 3 .

3 0 .

1 0 .

1

3 4 .

3 .

5 2 *

1 0 .

1

1 7 .

0*

5 0 .

3 2 .

- Q 4 - . . 1

6 8 .

2 5 .

6 6 .

1 0 .

|

1 2 .

5 6 .

2 .

|

3 8 .

7 .

5 0 .

4.

1

2 5 .

3 .

6 1 .

1 1 .

5 .

t
|

2 3 .

3 .

5 3 .

2 1 .

1 9 8 0 —Q 1 . * . |

1 9 8 1 - Q 1 . . . I

6 4 .

1
|
1
|

- Q 2 . - . I

6 4 .

|

4 0 .

- Q 3 . . . I

6 5 .

|

3 5 .

3 7 .

5 7 .

4.

5 9 .

5 4 .

5 6 .

|
|

3 .

7 5 .

4.

5 6 .

9 .

|

3 .

6 6 .

5 -

1
3 7 *

9*

5 2 .

2 .

1

|

2 4 .

9 .

6 5 .

3 .

1

18*

5 .

5 0 .

2 6 .

|

2 6 .

1 5 .

5 5 .

4*

4

1 6 .

7 .

5 3 .

2 4 .

1

AS OF THE 1981-Q2 (APRIL 1) SURVEY, THE HORDING OF MANY QUESTIONS NAS ALTERED. THE SURVEY RESULTS SHOWN ABOVE ARE HIGHLY COMPARABLE
TO EARLIER DATA. HOWEVER, BECAUSE THE COLUMN HEADINGS REFLECT THE OLD FORM OF THE QUESTIONS, PERSONS USING OR QUOTING THE LATEST
RESULTS SHOULD OBTAIN THE NEW WORDING BY REQUESTING COPIES OF THE HEN QUESTIONAIRE AND SURVEY REPORTS (AGRICULTURAL CREDIT
CONDITIONS SURVEY, FIRST AND SECOND QUARTERS, 1981) FROM THE RESEARCH DEPARTMENT, FEDERAL RESERVE BANK, MINNEAPOLIS, HN 55480.




47
SURVEY OF CURRENT AGRICULTURAL CREDIT CONDITIONS, NINTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF MINNEAPOLIS
TABLE 342. 4Q

INTEREST
MOST

DATE OF
SURVEY

|
|
1
1

i_
1

1964-Q1... |
-Q2...|
-Q3...|
-Q4...|
1965-Q1...i
-Q2...|
-Q3... 1
-Q4...|
1966-Q1.-.J
-Q2...|
-Q3...|
-Q4-- |
l
1967-Q1... |
-Q2...I
-Q3-- |
-Q4...|
1968-Q1...J
-Q2. ... |
-Q3...I
-Q4-- |

COMMON

IN T E R E ST

RATES

CHA RG ED

NON-REAL-ESTATE LOANS
SHORTTERM

*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
*****

INTERMEDIATETERM

ON

FARM LOANS

LONG-TERM
REAL ESTATE
LOANS

*****
*****
*****
*****

*****
*****
*****
*****

*****
*****
*****
*****

*****
*****
*****
*****

*****
*****
*****
*****

*****
*****
*****
*****

*****
*****
*****
*****

*****
*****
*****
*****

*****
*****
*****
*****

*****
*****
*****
*****

7.40
7.66

7.15
7.44
7.83

1
1

****
****
****
****

32.
78.
****
83.

***
***
***
***

***
***
***
***

75-

74.
40.
18.
24.

***
***
***
***

0
0

.
.
1.

3943.
16.
54.

61.
57.
84,45.

1o.
0.
o.

55.
12.
8 .
26-

44.

o.
0.
11-

o.
0.
***
o.

68.

66-

34.
74.
***
90-

***
***
***
***

****
****
****
****

6-

***
***
***
***

***
***
***
***

****
****
****
****

0
0

88.
92.
74.

***
***
***
***

***
***
***
***

****
****
****
****

0
0
0
0

39.
32.
61.
81.

61.
68.
39.
18-

***
***
***
***

***
***
***
***

****
****
****
****

14.
46.
17.
8.

82.
53.
79.
92.

4.
1.
4.
0.

***
***
*♦*
***

***
***
***
***

****
****
****
****

| 30.
| 26.
| 15.
I
4.
I
I
4.
I
o.
I
1I
o.
I
I
o.
I
1i
o.
I
o.
I
I
2.
i 15.
1 17.
I
2.
I
I
4.
I 11I
4.
I
3.

70.
74.
83.
89.

0
0

.
.
.
.

***
***
***
***

***
***
***
***

****
****
****
****

87.
76.
60.
28.

9.

2439.
72.

***
***
***
***

***
***
***
***

****
****
****
****

58.
81.
41.
37.

42.
18.
59.
63.

***

***

****

* * *
* * *
* * *

* * *
* * *
* * *

* * * *
* * * *
* * * *

64.
71.
71.
82.

34.
15.
11.
16.

*
*
*
*

*
*
*
*

*
*
*
*

86.

78.
69.
88.

10.
11.

28.
10-

***
***
***
***

***
***
***
***

****
****
****
****

2.
4.
3.
3.

I

14.
12.
5.
1-

80.
82.
8887.

6.
6 .
7.
12.

***
***
***
***

***
***
***
***

****
****
****
****

13.
11.
4.
1-

2 .
o.
o.
0 .

76.
55.
32.
20.

22

.
45.
68.
80.

***
***
***
***

***
***
***
***

****
****
****
****

S.
0 .
0.
0.

83.
72.
45.
35.

o.
.
o.

3.
16.
12.

97.
8488.
98-

***
***
***

***
***
***

****
****
****

1831.

* * *

* * *

* * * *

01.
0 .
1.

72.
95-

0.
0 .

6.

43.
17.

4 £ .

0.

25.
56.
58.

8.09
8.03

8.23
8 . 13
8.13
8-15

7.96
7. 87
7.90
7.91

1973-Q1-.-|
-Q2...|
-Q3...I
-Q4...1

8.06
8.08
8.18
8.55

8.2 0
8 .2 0

7.92
7.95
8.05
8.43

1974-Q1...J
-Q2 -- |
-Q3... |
-Q4...|

8.56
8.53
8 . 82
9.04

8.74
8.65
9.05
9. 33

8 .45

9.11
9.03
9.00
8.99

9.35
9.25
9.23
9.27

9.00

9.05
9.09
9.15
9.18

9. 27
9.30
9.45
9.43

9.07
9.08
9.17
9.17

9.15
9.21
9.17
9.18

9.43
9.45
9.53
9.52

9.15
9. 17
9.21
9.22

9.22
9.20
9.38
9.51

9.47
9.50
9.71
9.81

9.21
9.23
9.47
9.62

10.24
10.39
10.78
11.80

10.67
1 0 .82
1 1 .2 1

12.14

10.06
10.24
10. 55
12. 27

1
1
1
1
1
1

13.63
16.39
15.29
13.96

13.99
16.68
15.48
14.26

12.43
14.08
13.94
13.16

1
1
1
|
|

17.59
17.01
18.04

17.71
17.06
18.07

15.04
15. 31
17.06

i.

***
***
***
***

0

15.

***
***
***
***

87.
91.
87.
84.

.
o.
***
1.

1972-Q1...|
-Q2...|
-Q3...|
-Q4...|

1978-Q1...|
- Q 2 -- |
-Q3...|
-Q4-.-|
!
1979 -Q1__ )
-Q2...I
-Q3...|
-Q4...I
I
1980-Q1...|
-Q2... |
-Q3. .. i
-Q4-------|
I
1981-Q1... |
-Q2. . - |
-Q3 -------|

12.

1o.
11.

****
****
****
****

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

8.35
8.06

1

6

12.

t

8.45
8.28
8.27
8.23

8.98

****
****
****
*** *

12.
11.

8.37
8.19
8 . 16
8 . 16

8. 86
8 . 88

***
***
***
***

84.
84.
86.
92.

85.
94.

1971-Q1...|
-Q2-- |
-Q3...|
-Q4...|

1

***
***
***
***

.
.
3.

UP­
WARD

88.
86.

. 15
8.42
8.46
8.45

1975-Q1... |
-Q2. -. |
-Q3-- |
-Q4...I
i
1976-Q1...|
-Q2-- |
~Q3-- |
-Q4...|
I
1 9 7 7 - Q 1 ...|
-Q2.-.I
-Q3-- |
-Q4...|

10.
15.
12.
5e

1
2

LITTLE
CHANGE

3.
1.

8.0 0

8.43
8.70
8.91

DOWN­
WARD

.

8-07

8.26
8.67

UP­
WARD

3.

8.19
8.50
8.49
8-56

8 .02

LITTLE
CHANGE

13.
10.
10.
9.

8.02

8 .0 2

DOHNHARD

REAL ESTATE
LOANS

81..
87.
89..
89.

I
|
I
I
I
I

8.09
8.38
8.38
8.42

8.00
8 .06

INTERMEDIATE--TERM
LOANS

.
3.
1.
2.

1

1970-Q1...|
-Q2...I
-Q3...|
-Q4...|
1

loans

|
SHORT-TERM
| NON-REAL-ESTATE LOANS
l
. _
| DOWN- LITTLE
UP­
1 HARD
CHANGE
WARD

7.36
7.62
7.90

8

f ar m

TREND IN INTEREST RATES (PERCENTAGE OF BANKS REPORTING)

1969-Q1...|
-Q2... |
-Q3...|
-Q4...|

8 .0 0

r a t e s on

1

I
I
I
I
I
I
I

6

.
.
5.
10

2

0-

0

.
***
17.

22

26.
58.
77.

9.
12-

2
8

*
*
*
*

*
*
*
*

o.

2.

0.
o.

22.
0.

89.
29.

7.
42.

4.
30.

73.
22.

177.
44.

2.

97.
4.

1.

78.
100.

0.
1.

*
*
*
*

*
*
*
*

*
*
*
*

*
*
*
*

*
*
*
*

23.
4.
21.
52.

26.

6.
3 3 .

93.
5.

53.

8.

0

2

.

26.
***
9.

5.

1851.
76.
66-

33.

.
.

19.
24.
13.
47.

8076.
87.
53.

.
.
.
.

53.
8.
9.
26.

47.
92.
91.
74.

34.

39.
56.
75.

65.
59.
43.
23.

82.
53.
74.
89.

.
3.
5.
4.

81.
70.
79.
92.

3.
4 .

91.
83.
70.
28.

5.
18.
30.
72.

60.

39.
14.
47.
59.

5.
1.
1.
0-

12.
1.
2

-

10

.

44.

.
7.

21

17.
29.
18.
4.
4.
0.
1.
0 .
1.
1.
0.
0.

85.
53.
41.

1.
11.
8.
1.

74.
81.
85.
82.
goss.
77.

89.
84.
85.
90.
9 4 .

80.
43.
19-

8

1.
1.

25.
8.
7 .

16.
8.
10.
20.
8 .

2.
46.

512.
28.
55.
65.

82.

30-

6 8 .
70.

23.

75.

39-

61.
84.
11.
19.

16.
64.

i
1

I
|

18.
48.

8.

62.
38.

41.
31.

75.
3.
12.

___ L

AS O F TH E 1 9 8 1 - Q 2
( A P R I L 1)
S U R V E Y , T H E H O R D I N G O F MANY Q U E S T I O N S H A S A L T E R E D T H E S U R V E Y R E S U L T S S H O HN A B O V E A R E H I G H L Y C O M P A R A B L E
TO E A R L IE R DATA.
H O W E V E R , B E C A U S E T H E CO LU MN H E A D I N G S R E F L E C T T H E O L D F O R M O F T H E Q U E S T I O N S , P E R S O N S U S I N G O R Q U O T I N G T H E L A T E S T
R E S U L T S S H O U L D O B T A I N T H E NEH H O R D I N G B Y R E Q U E S T I N G C O P I E S O F T H E NEW Q B E S T I O N A I R E AND S U R V E Y R E P O R T S
(AGRICULTURAL C R E D IT
C O N D I T I O N S S U R V E Y , F I R S T AND S E C O N D Q U A R T E R S ,
1981)
FROM TH E R E S E A R C H D E P A R T M E N T , F E D E R A L R E S E R V E B A N K , M I N N E A P O L I S ,
MN
55480.




48

SURVEf OF CURRENT AGRICULTURAL CREDIT CONDITIONS, NINTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF HINNEAPOLIS
TABLE 342.5Q
F A RM R E A L E S T A T E
PERCENTAGE OF
DEMAND
AS
DATE OF
SURVEY

FO R

FARM

C O MPARE D

WITH

CURRENT
(DATE

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

OF

LEN DIN G E X P E R IE N C E
BANKS REP O R TIN G
REAL

ESTATE

USUAL

E X P E C T E D D U R IN G THE
CURRENT QUARTER

SURVEY)

LOWER

SA M E

*♦ *

**♦

* * *

12.
15.
2 7 .

50.
55.
47.

38.
30.

11.
7.
7.

26.

12.

8
5
9
11

5
5
7
6

3
4
2
2

1 9 6 6 -Q 1 ...

.
.
.
.

8.

4
0
0
5

.
.
.
.

. HIGHER

8
5
1
4

LOANS,

CO ND ITIO NS

LOWER

6.

SAME
6
7
6
6

8
4
9
4

H IGHER

.
.
.
.

65.
6 0 .
77 .

2
1
2
2

1
9
4
4

.
.
.
.

.
.
.
.

3.
9.
6.

29.
37.
14.

77.

17.

6 6 .

26.

5.

71.

24.

~ Q 2 -------Q 3. . .
- Q 4 ...

5.
*♦ *

6 4 .
* * *

31.
* * *

3 .
* * *

81.
* * *

16.
* * *

17.

62.

21.

12.

73.

15.

1 9 6 7 -Q 1 ...
- Q 2 ...

38.
24.

53.
62.

9.
14.

27.
15.

68.
77 .

5.
8.

- Q 3 .. .
- Q 4 ...

2 3 .
2 4 .

69.
6 4 .

8.
12.

16.
15.

79.
82.

5.
3.

1 9 6 8 -Q 1 ...

18.

6 8 .

14.

17.

71.

12.

- Q 2 ____
- Q 3 ...
- Q 4 ...

10.
23.
27.

656 5 .
63-

25.
12.
10.

10.
23.
21-

75.
72.
71.

15.
5.
8.

1 9 6 9 -Q 1 ...
- Q 2 ...

24.
3 2.
38.
10.

71.
58 .

5.
10.

22.
28 .

74.

4.

67 .

56.
80.

6.
10.

3 8 .
4 1 .

58.
53.

5.
4.
6.

4
4
4
4

4
3
4
4

.
.
.
.

6.
12.

38.
41.

56.
53.

11.
6.

3 5 .
33.

6 1 .
63.

7.
5.
4.
4.

3 5 .
3 0 .
14.

59.
6 0 .
7 7 .

6.
9.
10.

25.
17.

69 .
75.
80.

6.
8.
7.

8.

13.
15.

6.
14.

11.
4 .

12.
10.
10.
19.
14.

- Q 3 ...
- Q 4 ...
1970-Q 1. . .
- Q 2 ...
- Q 3 ...
- Q 4 ...
1 9 7 1 - Q 1 , ...
- Q 2 ...
- Q 3 ...
-Q 4 . . .

7
9
0
6

.
.
.
.

7
9
9
8

18.

73-

1972-Q 1. . .
- Q 2 ...

12.
8.

- Q 3 ...
- Q 4 ...

12.
10.

8
7
7
8

1 9 7 3 -Q 1 ...
- Q 2 ...

10.
4.

80.
77.

- Q 3 ...
- Q 4 ...

7.
13-

8 0 .
74.

2 0
13
2 4
2 5

7
6
6
6

1 974-Q
- Q
- Q
-Q

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

1 9 7 5 -Q 1 .. .

.
.
.
.

1
8
6
0

4
9
6
5

.
.
.
.

.
.
.
.

77.

8.

5
8
6
4

.
.
.
.

4.

9.
10.

8
8
8
8

.
.
.
.

8
8
8
7

6
3
7
4

.
.
.
.

6.
11.

13.

8
6
7
15

7
18
10
10

21
14
18
2 4

.
.
.
.

7
7
7
6

6
6
7
7

.
.
.
.

3
10
5
10

.
.
.
.

8.
5.
6.

7.
11.
.
.
.
.

2 5 ,

73.

16.
18.
14.
10.

15.

74.

11.

6
7
6
7

.
.
.
.

11.
19.
15.
15.

13
7
14
14

.
.
.
.

7
8
7
6

5
1
2
8

.
.
.
.

12.
12.
14.
18.

.
.
.
.

6 5 .
555 6.
62 .

19.
31.
25.
23.

1
1
1
1

3
4
7
3

.
.
.
.

6
5
6
6

0
6
0
6

.
.
.
.

26
30
23
21

0
9
0
3

.
.
.
.

5
6
7
7

24.
18.
19.
14.

1
1
1
1

6
7
1
0

.
.
.
.

5
7
7
7

8
2
7
8

.
.
.
.

26.
12.
12.
12.

1 9 7 9 -Q 1 .. .
- Q 2 ...
-Q 3. . .
- Q 4 ...

19
15
15
2 0

.
.
.
.

69 .
82.
76.
72.

12
3
9
7

1
1
1
1

8
3
1
9

.
.
.
.

7
7
8
7

4
8
3
2

.
.
,
.

8
8
6
9

1980-Q 1. . .

4 1 .
50.
6 6 .

55.
3 6 .
29.

3.
14.
5.

32 ,
3 9 .
53.

- Q 2 ...

26 .
27 .

58.
55.

-Q 3. . .
-Q 4. . .

23.
17.

64.

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

2
1
1
1

2
0
8
5

.
.
.
.

1977-Q 1. . .

1
1
1
1

6
4
9
5

2
1
1
1

- Q 2 ...
- Q 3 ...
-Q 4. . .
1 9 7 8 -Q
- Q
- Q
- Q

1
2
3
4

...
...
...
...

- Q 2 ...
- Q 3 ...
- Q 4 ____

7
1
6
0

6
3
1
3

.
.
.
.

.
.
.
.

20.
17.

59.
63.
74.

58.
41.

55.

3 9 .

6.

34 .

35.
58.

1 9 8 1 -Q 1 ...
- Q 2 ..-

6 3 .
56.

3 4 .

- Q 3 ...

6 9 .

3.
11.
2.

5 6 .
53.
5 8 .

37.
42.
4 0.

AS
TO

O F TH E 1 9 8 1 - Q 2
E A R L IE R DATA.

3 3 .
2 9 .

.
.
.
.

.
.
.
.

10.
19.
12.
8.
8.
5.
2.

( A P R I L 1)
S U R V E Y , T H E W O R D I N G O F MANY Q U E S T I O N S H A S A L T E R E D .
H O W E V E R , B E C A U S E T H E C O LU M N H E A D I N G S R E F L E C T T H E O L D F O R M O F

R E S U L T S S H O U L D O B T A I N T H E NEW W O R D I N G B Y R E Q U E S T I N G
C O N D I T I O N S S U R V E Y , F I R S T AND S E C O N D Q U A R T E R S ,
1981)




16.
18.
9.

C O P I E S O F T H E NEW
F R OM T H E R E S E A R C H

T H E S U R V E Y R E S U L T S SHOWN A B O V E
THE Q U E S T IO N S , P E R SO N S U SIN G OR

ARE HIGHLY COMPARABLE
QUOTING THE L A T E S T

Q U E S T I O N A I R E AND S U R V E Y R E P O R T S
(A G RIC U LTU RA L C R E D IT
DEPARTMENT, FEDERAL R ESER VE BANK, H IN N E A P O L IS ,
HN
5 5 4 8 0 .

49
SURVEY OF CURRENT AGRICULTURAL CREDIT CONDITIONS, NINTH FEDERAL RESERFE DISTRICT*— FE1TERAL' ‘RESERVE’
’RANK OE HIlfNEA?<?L±S
TABLE 342.6Q
FARMERS'

DATE OF
SURVEY

EARNING S

I
|
t

CURRENT

(DATE

OF

OF

BANKS'

SURVEY)

F ARM

E A R N I N G S AND S P E N D I N G , C O M P A R E D W I T H
PERCENTAGE OF BANKS R E P O R T IN G
CUSTOMERS

EXPECTED

IN

CURRENT

Q UA RTE R

I
_____L O W ER
1 9 6 4 -Q 1 ...|
-Q 2 ... I
-Q 3 -. . |
-Q 4 ...|
1 9 6 5 -Q 1 ...|
-Q 2 ...|
- Q 3 ------ I
-Q 4. . . |
1 9 6 6 -Q 1 .. . I
- Q 2 ...I
- Q 3 -------l
- Q 4 -------|

5
6
7
6

4
6
6
6

SAM E

.
.
.
.

16.
16.
23.
21.

30.
18.
1.
13.

4558.
63.
65.

42.
38,
33.
25-

13.
4 .
4.
10.

.7 4 .
59.
18.
15.

21.
29.
27.
14.

5.
12.
55.
71.

52.
35.
7.
13.

40.
48.
33.
16.

8.
17.
60.
71.

17.

16.

7.
***

16.
***

67.
77.
* * *

10.
2.
* **

26.
26.
* **

64.
72.
* * *

1
1
1
1
1
1
1
1
1
1
1
1
1

18.

75.

1.

23.

76.

17
36
53
34

.
.
.
.

69.
23.
14.
37.

12.
39.
16.
43.

5
4
5
4

.
.
.
.

37.
12.
30.
14.

1 9 6 8 -Q 1 .. . |
- Q 2 ...I

55.
46.
28.
29.

29.
41.
53.
39.

16.
13.
19.

41.
26.
26.

54.
64.

-Q 3 ... I
- Q 4 ------ |

32.

26.

55.
46.

5.
10.
19.
28.

I
1 9 6 9 -Q 1 .. . |
-Q 2 ... |
- Q 3 ------- |
- Q 4 ...I

16.
17.
12.
13.

4
4
3
3

5
4
0
4

.
.
.
.

3
3
5
5

.
.
.
.

12.
11.
14.
11.

69.
60.
39.
45.

19.
29.
47.
44.

8.
5.
15.
35.

32
34
64
48

.
.
.
.

60.
60.
21.
18.

7.
9.
15.
27.

59
56
60
56

35
35
25
16

52.
33.
15.
13.

33.
55.
70.
50.

15.
13.
15.
38.

51.
24.
4.
16.

4
6
6
4

2.
6.
2.
5.

8.
10.
33.
39-

17.
9.
4.
1.

39.
42.
41.

4
5
5
7

.
.
.
.

9.
5.
4.
1.

6
6
4
2

1
3
9
4

3
3
4
7

12.
6.
20.
3.

86.
94.

0.
1.

21.
16.

79.
83.

- Q 3 ------ |
- Q4. . . . |

2.
1.
1.
0.

79.
97.

2.
2.

26.
5.

72.
93.

I
1. . . |
2 ...|
3 ...|
4 ...I

1.
11.
59.
62.

7.
19.
21.
20.

93.
70.
20.
17.

3.
25.
66.
68.

18.
36.
24.
19.

78.
39.
10.
13.

67.

24.
16.
34.
52.

9.
3.
10.
29-

70.
7852.
20.

21.
1933.
50.

10.
3.
15.
30.

51.
80.

34.
48.
37.
13.

19.
11.
127.

43
31
55
79

.
.
.
.

38.
60.
31.
15.

19.
10.
14.
7-

86
78
67
56

.
.
.
.

11.
20.
27.
26.

3.
1.
5.
18.

78.
61.
54.

17.
35.
24.

48.

28.

22.
24.

1 9 7 8 —Q 1 . . . 1
-Q 2 ...|
- Q 3 -------|
—Q 4 . . . 1

46.
36.
5.
6.

28.
28.
25.
26.

26.
36.
7068.

41.
21.
4.
8.

3638.
22.
25.

2
4
7
6

3
0
5
7

.
.
.
.

1
1979-Q 1. . . |
~ Q 2 ------ |
-Q 3 ..-I
- Q 4 ------ I

3.
3.
6.
17.

14.
19.
26.
40.

83.
78.
69.
43.

1.
3.
6.
19.

2
3
3
4

.
.
.
.

71
66
60
42

.
.
.
.

I
1 9 8 0 -Q 1 ...|
- Q 2 -------l
-Q 3 ...|
- Q 4 ... |

31.
56.
85.
42.

36.
34.
13.
34.

33.
9.
2.
24.

31.
66.
84.
39.

42.
30.
13.
28.

27
4
3
33

.
.
.
.

1 9 8 1 - Q 1 ____ |
-Q 2 ...|
-Q 3 .. - |

47.
63.
54.

21.
30.
36.

32.
7.
9.

40.
57.
34.

24.
37.
42.

36.
6.
2 4-

-Q 4 ..-I

I
1970-Q 1. . . |
- Q2. . . |
-Q 3 -..I
-Q 4 ...|
1 9 7 1 -Q 1 .. . |
- Q 2 ------ |
- Q 3 ...I
“ Q4- . . |
1 9 7 2 -Q 1 ...|
- Q 2 -------|
-Q 3 ...|
-Q 4 ...|
I
1973-Q 1. . . |
-Q 2 ...|

19 7 4 - Q
-Q
-Q
- Q

1 9 7 5 -Q 1 ...|
- Q 2 -------|
- Q 3 -------|
- Q 4 ...I
1976-Q
-Q
-Q
- Q

1. .. |
2 ...|
3 ------ |
4 ...I

I
1977-Q 1. . . |
- Q 2 ------ |
- Q 3 ------ »
-Q 4 ...|

7.

8156.
19.
47.
41.

21.

SPENDING
C URR ENT

H I G H E R _______ _______L OW ER ____S A M E ____ H I G H E R ______J ____ ___L OWE R

14.
41.
32.
29.

1967 -Q 1 . . . |
- Q 2 -------|
-Q 3 ...|

1
1
1
1

9
9
8
3

5
0
4
9

1
9
4
3

.
.
.
.

.
.
.
.

9
1
4
0

1
1
1
1
1
1
1
1
1
1
l
1
1
1

.
.
.
.

0
2
7
5

.
.
.
.

6.
4.

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
l
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
i
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
a
1
i
i
i

PR EVIO U S

(D ATE

OF

BY

FARMERS

SURVEY)

- S A M E _____ H I G H E R

***

* **

***

27.
42.
37.

5 9 .49. •
50..

14.
8 .
13.

44.
50.
24.
11.

46.
40.
52.
50.

1010.
24.
39.

13.
7.
* * *

47.
59.
* * *

3.

‘

YEAR

FO R

ALL

EXPECTED
______ L OWE R

ITEM S
IN

CURRENT
SAME

QUARTER

HIGHER

* * *

* **

* * *

32.
44.
50.

56.
4337.

12.
13.
13.

47.
44.
13.
13.

4
4
5
4

3.
6.
6.
0.

31.
47.

40.
34.
* * *

13.
2* * *

48.
57.
* **

39.
41.
* * *

'

*

10.
10.

60.

37.

10.

42.

48.

.
.
.
.

56.
56.
62.
59.

3
2
2
2

.
.
.
.

8.
19.
1215.

64
58
61
65

.
.
.
.

28.
2327.
20.

22.
30.
12.
16.

59.
55.
6865.

19.
15.
20.

63.
56.
71.

19.

26.
27.
13.
18,

1117.
16.
20.

12.
16.
14.
18.

67.
63.
66..
64.

21.
21.
20.
18,

6.
11.
18.
17.

76.
65.
58.
62.

18.
24.
24.

13.
23.
19.
27.

67
63
58
64

20.
15.
23.
9.

16.
18.
17,
28.

6
6
6
6

4
6
6
1

.
.
.
.

19.
15.
18,
11.

36.
28.
11.
10.

54.
58.
65.
70.

10
14
24
19

.
.
.
.

42.
23.
7.
9.

5
5
7
6

1.
8.
0.
7.

8.
19.
23.
23.

10.
6.
8, .
4.

69.
75.
74.
69.

22.
19.
18.
27.

12.
8..
6.
1.

7
7
7
6

2
4
5
0

.
.
.
.

16.
18.
19.
38.

1.
0.
1.
0.

5239.
46.
31.

47.
61.
53.
69.

2.
0.
1.
1.

5
4
4
2

3.
3.
8.
3.

45.
58.
51.
76.

2.
2.
11.
27.

24.
31,
38.
42-

7
6
5
3

34.
19.
38.

33.
2636.
31.

64.
69.
45.
31.

4
5
3
2

.
.
.
.

3528.
37.
57.

23.
17.
31.
23-

50
52
29
18

.
.
.
.

28.
2640.
56.

22
22
31
26

25.
25.
41.
51.

60.
59.
43.
37.

15.
16.
15.
12.

2
2
4
6

.
.
.
.

58.
59.
3929.

1317.
128.

73
68
45
46

.
.
.
.

20.
27.
41.
40.

7.
5.
14.
15.

75.
63.
44.
50.

16.
31.
44.
35.

10.
7.
13.
15.

51.
36.
2.
7.

39.
48.
56.
55,.

10.
16.
42.
38-

55.
31.
27.

32.
48.
53.
50.

13.
21.
4542.

6.
9.
5.
12.

50.
46.
43.
47.

45.
45.
5241.

55.
5.
15.

52.
47.
41.
40.

43.
48.
54.
45.

26.
57.
68.
54.

4
2
2
3

5.
0.
2.
0.

29.
23.
9.
16.

3
5
6
4

.
.
.
.

40.
18.
22.
34.

31.
30.
9.
21-

60.
57.
50.

29.
32.
31.

11.
11.
19.

64.
44.
33.

26.
41.
44.

10.
15.
23.

8
22
14
17

2
5
1
0

.
.
.
.

6
2
4
4

4
6
1
1

.
.
.
.

9
4
8
3

0
1
9
6

62.

21.

.
.
.
.

AS O F T H E 1 9 8 1 - Q 2
(APRIL
1)
S U R V E Y , T H E W O RD I NG O F MANY Q U E S T I O N S WAS A L T E R E D .
T H E S U R V E Y R E S U L T S SHOWN A B O V E A R E H I G H L Y C O M P A R A B L E
TO E A R L I E R D ATA.
H O W E V E R , B E C A U S E T H E COLUMN H E A D I N G S R E F L E C T T H E O L D FORM O F T H E Q U E S T I O N S , P E R S O N S U S I N G O R Q U O T I N G T H E L A T E S T
R E S U L T S S H O U L D O B T A I N T H E NEW W O R D I N G B Y R E Q U E S T I N G C O P I E S O F T H E NEW Q U E S T I O N A I R E AND S U R V E Y R E P O R T S
(A G RIC U LTU R A L C R E D IT
C O N D I T I O N S S U R V E Y , F I R S T AND S E C O N D Q U A R T E R S , 1 9 8 1 )
FR OM T H E R E S E A R C H D E P A R T M E N T , F E D E R A L R E S E R V E B A N K , M I N N E A P O L I S , MN
55480.




so

QUARTERLY s n m OP AGRICULTURAL CREDITCONDI1IONS. TBiTM FEDERAL RESERVE DISTRICT— PBDB11L RESERVE BASK OP K1ISAS CItl
TABLE 3*3.IQ
'
’
CURRENT ?A»H MON-BEAL-ESTATE LBRDIEG EXPERIENCE, COMPARED WITH A TEAS EARLIER
PERCENTAGE OP BASKS REPORTING
DEMAND FOR LOANS
1
|
| LONER SAME HIGHER
1
1
1976-Q1... 1
13.
34.
53.
4.
40.
55.
-Q2. --!
-Q3. .. |
6.
35.
60.
6.
21.
72.
-C4...T

FUND AVAILABILITY
1
1 LONER SAME HIGHER
I
1
14.
49.
37.
30.
19.
SK
1
17.
50.
33.
1
17.
39.
44.

DATE O F
SURVEY

1977-Q1... |
-Q2-.. )
-Q3...I
-Q4.. . f

5.
3.
6.
5.

26.
29.
28.
33.

70.
67.
66.
62.

X978-Q7... |
-02.*. |
~Q3-- I
-Q4...|
1
1979-Q1. . . J
-Q2. . . !

13.
11.
13.
10.

44.
46.
46.
38.

44.
43.
41.
52.

- Q 3 ...I

1980-Q 1. . . 1

-Q2...I
-03... |

17.
13.
11.
10.

41.

16.
38.
39.

48.

34.
45.

56.
45.

41.

43.
29.

- 0 4 . . . |

35.

1981-Q 1-. . |

36.

47.

33.
28.

41.

“ Q 2 ------ I
-Q 3. . - I

41.

39.

32.
42.
47.

r
t

i
*
A
1
1
l
1
l
t
l

1
1
1
i
1
1
1
1
l

19.
19.
18.
26.
30.

43.

-1_-

OF

AGRICU LTURAL

LO A N /D EPO SIT

RA TIO ,

AV ERA GE
LO A N/D EPO SIT
RA TIO
(P E R CENT)

1976-Q 1. . . |
- Q 2 ...I

SAHE

34.
31.
26.
56.

51.
60.
67.
43.

15-

31.
38.
31.
54.

2.
2.
0.

6874.
71.
64.

30.
25.
27.
36.

U

2*
5.
4.
5.

1.
3.
2.
3.

33.
32.
28.
32.

66.
66.
69.
65.

1.
1.
1.
0.

59.
57.
58.
59-

40.
43.
41.
4 V.

19.
17.
20.
26.

54.
54.
46.
48.

27.
29.
34.
26.

52.
34.
27.
16.

35.
49.
52.
59.

13.
18.
21.
24.

10.
8.
15.
18.

38.
54.
57.
65.

52.
37.
28.
18.

1.
0.
2.
1.

64.
6868.
68.

34.
32.
30.
31.

21.
22.
27.
32.

49.
49.
40.
45.

30.
28.
33.
23.

12.
10.
8.
16.

53.
63.
70.

27.
2f.
17.
14.

58.
64.
71.

68.

34.
27.
22.
16.

68.

15.
15.
12.
18.

1.
1.
1.
1.

74,.
66.
70.
62.

3 3 .
29.
37.

29.
42.
12.
11.

48.

62.
46.

15.
13.

15.
6.

61.

49.

40.

13-

7.
13-

42.
36,.

1.
0.

9.

55.
51.
57.

30.

59.
59.

58-

30.

0.

64.

8.
9.
15.

50.
49.
49.

42.

56.

12.

10.

57.

1.

62-

52.

8.
5.

7.
2.

54.

33.
39.
44.

42.

23.
16.

56.

32.

23.
41.
32.
27.
32.
39.
4 5.

42.
35.

50.

5
5
5
6

6
7
9
2

L O WE R
THAN
D ESIRED
LEVEL

C O N D ITIO N S,

PERCENTAGE

RA TIO

AT
D ESIRED
LEVEL

OF

TE NTH

BAN KS

FEDERAL

REPORTING

RESERVE
OTHER

53.

NU MB E R

R E F U S E D OR |
REDUCED A \ A CTIV ELY
FARM LOAN | S E E K I N G
R E Q U E S T IN |
NEW
PR EVIO U S
|
FARM
Q UARTE R D U E {
LOAN
TO S H O R T A G E )A C C O U N T S
O F F U N DS___ i ________

IS -

HIGHER
THAN
DESIRED
LEVEL

D I S T R I C T — FEDERAL

CONDITIONS

|
NON E!

61.

I
|

31.

21.

48.

|

23.

37.

i
|

39.

62.
65.
65.

|
|
!

36.
28.
31.

12.
12.
17.

52.
59.
52.

|
|
|

22.
26.
26.

30.
31.
26.

|
|
1

40.
37.
41.

62.
62.
63.
64.

1
1
|
J
|

40.
39.
43.
42.

16.
15.
14.
15.

44.
46.
43.
43.

|
|
|
|

21.
15.
13.
18.

31.
39.
35.
34.

I
|
|
|
|

4
3
3
4

3
6
9
0

.
.
.
.

1 9 7 9 -Q 1 ...|
- Q 2 ------ |
-Q 3 ...|
- Q 4 -..I

6
6
6
6

2
3
4
4

.
.
.
.

I
|
|
1

38.
42.
42.
35.

18.
11.
14.

43.
47.
44.

|
|
|

9.

56.

|

14.
18.
18.
21.

37
35
37
34

.
.
.
.

I
|
|
|
|

4
4
4
4

0
0
0
4

1 9 8 0 -Q 1 .. . |

6
6
6
6

3
4
3
0

.
.
.
.

|
|
|
|

38.
29.
41.
52.

11.
11 .
21.
14.

5
6
3
3

.
.
.
.

J
|
|
|

22.
32.
18.
8.

32.
17.
27.
44.

!
|
|
!
|

4
4
4
4

59.
60.
61.

|
|
|

54.
58.
51.

15.
9.
13.

32.
33.
37.

|
|
|

10.
7.

43.
39.
39.

!
|
|
|

1
0
8
4

|
|
|
|

13.
14.
11.
20.

10.

5
5
5
3

8
1
1
5

.
.
.
.

FARM

LOAN

|
|
I
|

±

SAME

BANK

RELATIVE

REQUESTS

BAN KS

4256.

1.

|
N ON E !

OF

37.
36.
37.

TO—

A GEN CIES

COMPARED WITH
U S U A L NU M BE R

41
45
44
46

.
.
.
.

SAME

7.

64.

29.
27.
28.
32.

|

39.

5.

61.

34,

63.
64.
58.

|
|
|

37.
36.
32.

6.
5.
5.

57.
58.
50.

37.
37.
45.

12.
10.
20.
19.

65
73
66
66

.
.
.
.

23.
17.
15.
16.

i
|
|
|

36.
34.
37.
36.

7.
13.
14.
13.

44.
49.
58.
57.

49.
38.
29.
29,

.
.
.
.

18.
16.
14.
13.

6
6
6
6

.
.
.
.

14
22
21
26

.
.
.
.

|
1
|
|

33.
31.
31.
35.

13.
13.
13.
12.

53.
50.
56.
54.

34.
37.
31.
34.

3.
4.
8.
7.

17.
16.
19.
23.

59.
62.
70.
65.

25.
22.
11.
13.

|
I
|
|

35
24
35
42

.
.
.
.

13.
5.
12.
14.

57
51
59
62

.
.
.
.

30.
44.
29.
24.

51.
46.
45.

18.
16.
20.

74.
67.
64.

8.
16.
16.

I
1
|

37.
37.
38.

17.
12.
14.

58.
62.
53.

33.

12.
10.
13.
9.

63
70
69
66

.
.
.
.

H I G HER

10.
8.
10.

8
2
5
1

C ITY

A V A IL A BILITY

I________________

H I GHER _______ I L OWER

.
.
.
.

64.

|
|
|
J

19.
13.
19.
9.

8
8
4
6

62-

19.
18.
16.
21.

1.
8.
7.
2.

3
5
4
3

1.

62.
69.
65.
69.

5
4
4
5

25.

1.

K AN SA S

C RED IT

REFERRED

NONBANK

C OMP A RE D - W I T H
U S U A L NU MB ER

_______ I L O W E R

- Q 2 ------ |
- Q 3 .. . I
-Q 4 .. . |

.
.
.
.

RESERVE

REFLECT

I ___________________

1977-Q 1. . . |

7
4
9
1

OF

THAT

CORRESPONDENT

3
3
3
5




HIGHER

30.
30.
29.
32.

12.
12.
12.
10.

1981-Q 1. . . |
-Q 2 ...|
- Q 3 ...I

57.
54.
64.
42.

SAHE

68.
64*67.
63.

1.
4.
9.
0.

- Q 2 .-.I
-Q 3. . . |
- Q 4 ...I

12.
8.
4.
5.

LONER

22.
13.
14*
15.

5
5
4
4

1. . . |
2 .. . |
3 ...|
4 ...I

7.
1.

COLLATERAL RBQUIRED

HIGHEB

43.
49.
45.
49.

I
|
|
|

1978-Q
- Q
-Q
- Q

SAHE

9.

.
.
.
.

—Q 3 - - - I
-Q 4. . . |

LONER

HIGHER

35.
38.
41.
37.

CRED IT

AND

LO A N /D EPO SIT
DATE O F
SURVEY

LONER

1_

QUARTERLY SURVEY
T A B L E 3 4 3 . 2Q
AV E RA GE

RENEWALS OR EXTENSIONS

LOAN REPAYMENT RATE

26.
20,
19,
25,

26,
26.

51

QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, TENTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF KANSAS CITY
TABLE 343.3Q
HOST COMMON INTEREST RATES CHARGED ON FARM LOANS
(AVERAGE, PER CENT)
OTHER
OPERATING
LOANS

1
DATE OF
|
FEEDER CATTLE
SURVEY
|
LOANS
__________ 1_
1
1976-Q1...|
8.77
-Q2...|
8.81
-Q3-- |
8.78
-Q4...I
8.82

INTERMEDIATE-TERM
(1 TO 7 YEARS)
LOANS

LONG-TERM
REAL ESTATE
LOANS

8.92
8.91
8.89
8.93

9. 15
9.21
9.16
9.22

9.10
9.17
9. 19
9.22

1977-Q1...|
-Q2...|
-Q3-- |
-Q4...|

8.84
8.84
8.84
8.87

8.95
8.96
8.98
8.98

9.23
9.33
9.34
9.32

9.23
9.25
9.25
9.22

1978-Q1...|
-Q2...I
-Q3...|
-Q4-- |

8.90
8.94
9.07
9.27

9.03
9.06
9.22
9.40

9.35
9.38
9.54
9.80

9.23
9.29
9.46
9.64

1979-Q1...|
-Q2..•|
“ Q3--- |
-Q4...I

9.88
10.20
10.45
11.52

9.95
10.28
11.09
11.59

10.24
10.62
10.80
11.81

10.03
10.30
10.51
11.31

1980-Q1...|
-Q2-- |
-Q3...|
-Q4-- |

12.99
16.53
14.04
13.96

13.06
16.55
14.12
14.06

13.11
16.86
14.18
14.24

12.37
15.88
13.03
13.98

1981-Q1...|
-Q2...I
-Q3...I

16.95
16.28
17.39

17.06
16.33
17.43

16.61
16.44
17.38

15.95
15.68
16.99

QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, TENTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF KANSAS CITY
TABLE.343.4Q
FARM REAL ESTATE VALDES
MARKET VALUE OF GOOD FARMLAND
DOLLARS PER ACRE
|
|
NONIRRIGATED
IRRIGATED
RANCHLAND
1
CROPLAND
CROPLAND_
1
1
234.
469.
823.
1976-Q1...|
884.
254.
491.
-Q2...I
914.
253.
497.
-Q3...I
991.
259.
528..
-Q4...|

DATE OF.
SURVEY

|PERCENTAGE CHANGE FROM PREVIOUS QUARTER | PERCENTAGE CHANGE FROM PREVIOUS YEAR
I
RANCHLAND
NONIRRIGATED IRRIGATED
RANCHLAND
| NONIRRIGATED IRRIGATED
CROPLAND _ CROPLAND
CROPLAND
i
CROPLAND.
****
4.6
1.2
6.2

*♦**
7.4
3.5
8.4

*♦**
8.4
-0.3
2.5

|
j
|
j

****
*♦**
****
****

***♦

****

****

****
♦***

1977-Q1...|
-Q2...I
-Q3...I
-Q4...I

519.
530.
533.
518.

977.
980.
984.
961.

261.
272.
271.
264.

-1.7
2.2
0.5
-2.8

-1.5
0.4
0.3
-2.3

0.6
4.2
-0.4
-2.6

|
|
|
|

10.6
8.1
7.3
-1.9

18.7
10.9
7.6
-3.0

11.5
7.1
7.0
1.7

1978-Q1...|
-Q2...|
-Q3...I
-Q4...I
I
1979-Q1... |
-Q2...I
-Q3...|
-Q4...I

530,.
546.
561.
591.

980.
970.
1007.
1066.

264.
270.
280.
295.

2.3
3.1
2.8
5.3

2.0
-1.0
3.7
5.9

0.0
2.4
3.6
5.4

I
|
|
|

2.1
3.0
5.4
14.2

0.4
-1.0
2.3
10.9

1.2
-0.6
3.4
11.9

615.
672.
695.
721.

1114.
1181.
1316.
1296.

297.
334.
335.
348.

4.1
9.2
3.4
3.8

4.5
6.0
11.5
-1.5

0.8
12.5
0.2
3.9

I
I
|
|

16.2
23.0
23.8
21.9

13.7
21.7
30.8
21.6

12.6
23.7
19.8
18.1

1980-Q1. •• |
-Q2...I
-Q3. .. |
-Q4...I

739.
738.
722.
778.

1273.
1263.
1254.
1304.

357.
357.
353.
371.

2.5
-0.1
-2.2
7.8

-1.8
-0.9
-0.7
4.0

2.6
-0.1
-1.2
5.3

|
|
|
|

20.1
9.9
3.9
7.9

14.3
6.9
-4.7
0.6

20.2
6.8
5.2
6.6

1981-Q1...|
-Q2. . • |
-Q3.-.I

806.
816.
848.

1334.
1366.
1440.

388.
400.
405.

3.5
1.3
3.9

2.3
2.4
5.4

4.6
3.1
1.2

|
|
|

9.0
10.5
17.4

4.8
8.2
14.8

8.6
12.1
14.9

_____________ L




__1

52

QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, ELEVENTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF DALLAS
TABLE 344.1Q
CURRENT

OF

I
|

SURVEY

|

DATE

DE MAND

FOR

LOAN S

FARM

N O N - R E A L - E S T A T E L E N D I N G E X P E R I E N C E , C O MPAR ED
PERCEN TAGE O F BANKS R E P O R T IN G

|

FUND

|

L OAN

LOWER

SAME

HIGHER

|

LOWER

A V A ILA BILITY
SAME

HIGHER

|

L O WE R

REPAYMENT
SAME

20.
21.

50.
5 8.

30.
21.

I

12.

I

11-

50 .
59.

38.
30.

|
|

37.
25.

64.

16.
17.
6.

5 3.
55.
54.

3
2
4
4

1
8
0
7

.
.
.
.

I
I
I
I

7
7
7
14

58.
58.
68.

3
3
2
2

|

28.

I
I
|

5
0
2
5

.
.
.
.

|

15.

|
|
|

7
2
8
8

.
.
.
.

RATE

H ITH

RENEWALS

H IGHER

LOWER

USUAL

OR

CO N D ITIO N S

EXTEN SION S!

SAM E

HIGHER

COLLATERAL
LOWER

|

REQ UIRED

SAME

H IGHER

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

7.

- Q 4 ...I

46.

-Q 2. . . |
- Q 3 ...I
- Q 4 ------ |

14
7
5
3

.
.
.
.

51.
53.
4 3.
42.

3
4
5
5

1 ____ |
2 ...|
3. . . |
4 ...I

8
6
4
6

.
.
.
.

4
5
4
4

4
4
4
4

1977-Q 1. . . |

1978-Q
-Q
-Q
- Q

1979-Q 1. . . |
-Q 2 ...|
- Q 3 ...|
- Q 4 ...I

- Q 2 .. . |
- Q 3 ------ |
- Q 4 ... |
1 9 8 1 -Q 1 .. . |
- Q 2 ...I
- Q 3 ------ |

.
.
.
.

62.

6
6
5
4

.
.
.
.

5
3
8
9

6.

4 8 .

47.

|

50.

35.

|

0.
1.

54.
6 1 .

4 6 .

15.

3 4 .
2 7 .
20.

|
|
|

1.
0.
1.

63.
68.
71.

3
3
2
3

21.
15.
28.

6
7
7
6

.
.
.
.

7
6
7
4

.
.
.
.

11.
7.
6.

55.
6 6 .
7 4 .

5.

6 9 .

28.
26.
31.

66.
67.
66.

5
7
3
3

.
.
.
.

8
5
4
4

|

12.

51.
54.

I
I

15.
19.

63.
63.

34.
34.
22.
18.

|

38.

59.

|

20.

I
|
I

17.
28.
3 8 .

6
6
5
4

.
.
.
.

15.
17.
14.
14.

|
|
|
|

4
3
2
2

49.
61.

.
.
.
.

|
|
|

40.
38 .
3 7 .

46.
50.
51.

13.
12.
11.

|

2 8 .

I
|

I

35.

50.

15.

|

20.

63.
53.

17.
13.
26.
33.

5
5
7
8

6.
12.

9
6
5
9

.
.
.
.

34 .
4 .

72.
61.

26.

|

0.

6 8 .

.
.
.
.

5 9 .

33.

|

7 4 .

59.
6 5 .
5 2 .

35.
3 1 .
44,.

|
|
|

1.
0.
11.

4.
4.

44.
55,.

52.
4 1 .

|
|

0.
1.

6 2 .
6 0 .

3 1 .
3 0 .

|
|

0.
1.

62.
59.
6 3 .

.
.
.
.

2 9 .
2 7 .
20.

|
|
|

1.

25.
3 0 .
38.

70.
62.
68.

3 2 .
3
4
3
4

8
0
7
1

.
.
.
.

5
3
7
2

.
.
.
.

9.

19.
18.

14.
14.
13.

I

14.

6 6 .

20.

2 1 .

5
6
6
6

15.

|

1.
0.
0.

58.

3
4
3
4

|
|

16.
2 8 .

68.
6 4 .

169 .

20.
13.

60.
6 0 .

2 1 .
28.

1
|

1.
2.

63.
36.

36.
6 2 .

I

27.

I

3 9 .

6 9 .
56.

4.
5.

8.
7 .

6 3 .
56.

29.
37.

|
|

1.
1.

62.
62.

3 7 .
37.

7.
3 .
4.

4 8 .
54.

4 5 .
4 3 .
4 0 .

|
|
|

1.
1.
1.

59.

40.

59.

40.
41.

52.
52.
3 9 .

25.
14.

3 8 .
23.

46.
55.

16.
22.

I
|

35.
16.

I

11.

58.
57.

39.
40.
47.

45.
46.
40.

16.
14.

I
I

14.
9.

57.
55.

29.
35.

I
|

4 5 .
40.

51.
57.

4.

11-

58.

31.

|

42.

56.

2.

RESERVE

D IS T R IC T — FEDERAL

I

.
.
.
.

11.
12.
16.

14.

13.

7
2
8
2

61.
69.
66.

23.
46.

43.
4 6 .
5 4 .

38.

7.
10.

49
43
34
3 4

8.
11.
12.

1980-Q 1. . . |

5
2
7
6

.
.
.
.

57.

3.

7
0
6
4

55.

59.
64.
56.
63.

5 9 .

1

QUARTERLY
TABLE

SURVEY

3 4 4 . 2Q
F A RM

OF

AGRICU LTURAL

N O N -REA L-ESTA TE

C RED IT
LOAN

TOTAL
D ATE OF
SURVEY

|

LOWER

SAME

CO N D ITIO N S,

VOLUM E

FEEDER
HIGHER

LOWER

EXPECTED

ELEVENTH

CROP

DAIRY

CATTLE

SA M E

FEDERAL

D U R IN G T H E C U R R E N T Q U A R T E R , C O MPARE D
PERCEN TAGE OF BANKS REP O R TIN G

;H I G H E R

LOWER

SAME

lH I G H E R

LOWER

RESERVE

H ITH

VOLUME

STORAGE
SAME

BANK
OF

OF

LOANS

LOWER

SAME

A

F A RM

O PER ATIN G

IH I G H E R

DALLAS
HADE

H IGHER

YEAR

EA RLIER

MACHINERY

LOWER

SAME

HIGHER

1 9 7 5 -Q 3 ... |
—Q 4 . . . |

26.
23.

41.
5 5 .

3 3 .
23.

54.
38.

30.
42.

16.
20.

34.
31.

5 9 .
64.

65.

15.
16.

55.
62.

30.
22.

13.
15.

36.
49.

52.
36.

29.
15.

42.
5 0 .

3 0 .
36.

1976-Q
- Q
-Q
-Q

|

13.

I
I
I

117.
14.

5
5
5
4

1
2
1
4

.
.
.
.

3 6 .
37.
41.

2
1
2
1

.
.
.
.

7
7
7
7

1
6
2
5

.
.
.
-

8.
6.
8.
8.

17.
11.
14.
13.

5
7
5
5

7
5
9
8

.
.
.
.

26.
15.
26.
29-

7
7
7
10

.
.
.
.

4
4
4
4

3
6
5
3

.
.
.
.

5
4
4
4

0
7
8
7

.
.
.
.

1
1
1
1

0.
6.
46.

5
5
5
4

7
0
2
9

3 3 .
34.
3 5 .
36.

11
7
6
11

.
.
-

5
4
5
4

0
7
0
6

.
.
.
.

9
6
4
3

14.

9.

6
6
5
5

1
7
6
4

.
.
.
.

30.

8.

12.
11.
15.

22.
3 3 .
3 1 .

5.
3 .
11.

4
3
4
4

4
8
0
2

.
.
.
.

48
57
56
47

.
.
.
.

15.
14.
15.
30.

5
4
4
4

0.
8.
7.
3-

3
3
3
2

5
8
8
7

.
.
.
.

1
1
1
1

5
6
5
6

7.
17.
0.

3
2
3
2

.
.
.
.

6.
10.
5.
11.

4
3
4
4

4
6
4
6

.
.
.
.

49.
54.
51.
43.

31.
28.
2 3 .
20-

4
4
4
5

5
8
7
1

.
.
.
.

2
2
3
2

4
4
0
9

.
.
.
.

40,.
4 1 .
4 4 .

50.
45.
36.

22.
18.
14.

51.
4 8 .
5 4 .

2
3
3
3

7
3
3
6

.
.
.
.

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

1 9 7 7 —Q 1 . . .

1
—Q 2 . . . I
- Q 3 ... I
—Q 4 . . . I

42.

8
0
7
1

.
.
.
.

4
5
5
4

5
5
5
6

.
.
.
.

27
15
17
13

3
4
4
4

.
.
.
.

27
24
23
18

.
.
.
.

5
6
5
5

7
2
9
9

.
.
.
.

15.
14.
18.
23.

12.
15.
18.

S
8
7
7

I
2
3
5

.
.
.
.

5
7
13
7

7.
24.
3.

13
18
11
16

.
.
.
.

6
4
5
4

0.
6.
6.
5.

2
3
3
3

.
.
.
.

15.
14.
15.
18.

7
7
7
7

7
2
2
3

.
.
.
.

8.
14.
14.
9.

12.
19.
17.

78.
73.
71.

10.
8.

18.
11.

61.
7 7 .

21.
13.

10.
14.

12.

70.
6 6 .

9.
2 1 .

19.
11.

51.

39.

19.

45.

.
.
­
.

2 1 .
3 4 .
13.
11.

3
4
5
4

.
.
.
.

40.
2634.
42.

22
52
34
27

4
3
5
5

2 1 .
17.
23.

45.

34.

41.

4 3 .
4 4 .

41.
33,.

35.
40-

1 9 7 8 -Q 1 .. .
- Q 2 ...
-Q 3. . .
—Q 4 . . .

I

9.

I
1
I

116.
14.

4
4
5
4

4
7
0
3

.
.
.
.

4
4
4
4

1979-

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

I
|
|
i

15
18
23
20

.
.
.
.

4
4
5
5

5
8
2
3

.
.
.
.

40
34
25
27

.
.
.
.

18.
22.
29.
19.

4
5
5
6

7
1
5
0

.
.
.
.

3 5 .
2 7 .

1980-Q 1. . .

|

24.

- Q 2 .. . |
-Q 3- . . |
- Q 4 ... I

53.
29.

5
3
5
5

0
6
1
6

.
.
.
.

2
1
2
2

.
.
.
.

3
6
3
3

5
3
5
5

1
3
6
8

.
.
.
.

16
1
9
11

1981-Q 1. . . |
- Q 2 ... 1
- Q 3 ... I

3 1 .

Q
Q
Q
Q

19.

27.
3 6 .




4 8 .
52.
42.

6
1
0
5

21.
22.
22.

3
7
5
1

.
.
.
.

43.
38.
50.

4 9 .
5 8.
4 3.

7
6
2
9

.
.
.
.

.
.
.
.

2
3
2
4

16.
21.

1
8
1
7

.
.
.
.

0
1
3
2

.
.
.
.

3
8
0
8

16.

72.

12.

21.
13.

.
.
.
.

21.
46.
24.

68.
47.
6 7 .
67.

.
.
.
.

22.
41,.
22.
2 1 .

65.

19.

11
7
10
14

52.
67.
6 3 .

13
7
i l
l s

8.
4.
6.

28.

63-

10.

27.

19.
2 7 .

70.
6 0 .

11.
13.

27.
25.

5 9 .
655 7 .

14.
7.
18.

9
0
2
7

.
.
.
.

4
5
3
6

.
.
.
.

4247.
45.

3 4 .
13.
14.
18.
17.
1 8 .,
15.

53
QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS,
TABLE 344.3Q
AVERAGE

LO A N /D EPO SIT
1
1
I

D AT E

OF

RA TIO ,
1
|
1

AVERAGE

AND

PERCEN TAGE

LO A N /D EPO SIT

RA TIO

OF

IS —

] LO A N /D EPO SIT |

SURVEY

|
|

RA TIO
(PERCENT)

|
|

1

LONER
THAN

ABOUT
RIGH T

1975-Q 3.
-Q 4.
1976-Q 1.

.!

REPORTING

OTHER

| R E F U S E D OR
| REDUCED A

|
|AC TIV ELY

| FARM L O A N
|REQ U EST IN

|SEEK IN G
|
NEW

CO N D ITIO N S
N U MB E R

25.
29.

55.
55.

20.
16.

1
t

11.
12.

46.
48.
56.

I
I
I

8.
7.
7.

50.

17.
15.
19.
26.

I

59.

16.

USUAL

22.
20.

.
.
.

22.
20.
16.

66.
6 9 .
72.

13.
11.
11.

|
|
|

19.
16.
13.

63.
71.
80.

18.
13.
7.

13.

49
51
50
45

19-

6 3 .

18.

|

17.

74.

9-

10.
10.
15.

50.
4 9 .
44.

16.

70.

14.

|

12.

73.

15.

18.
17.

|

39.

12.

7266.
68.

10.

9.

17.
2 0 .

|
|

13.
14.
7.

65.
65.
64.

22.
21.
29.

10.
10.
7.
3.

15.

I

8.

1720.
2 4 .

|
|
|

8.
8.
5.

61.
64.

3 1 .
28.

63.
60.

29.
35.

55.

25.

- Q 2 ..,.|
-Q 3 ..
- Q 4 ..,.|

58.
62.
63.

|
|

31.
22.

53.
53.

17.
2 6.

I
|
|

I

21.

52.

28.

I

1 9 7 8 -Q 1 . . ,.|
-Q 2 ..
- Q 3 ..,.|
-Q 4 ..

59.
62.
63.

I
J
|

21.
25.

56.
51.

23.
24.

I
I

9.
15.

3 6 .
36.

I
|

21.
15.

47 .
54.

31.
31.

I
|

14.
22.

32.
3 2 .

52.
55.
55 .

26.
25.
26.

|
|
|

23.
22.
24.

30.
3 3 .

61.

24.

|

18.

3 5 .

13.

6
6
5
5

14.

I
I
|

14.
21.
18.

3
2
3
4

.
.
.
.

18.
20.
14.
14.

39.
44.
44.

14.
12.

1980-Q
-Q
-Q
-Q

5 9 .
58.
6 0 .

63.

1..
2 ....|
3 ....|
4 ..

59.
1

1

|

23.

I
|
|

17.
30.
30.

3
3
7
5

.
.
.
.

19.
13.
15.

I

9.

1

7.

1
1

6
6

28.

57.
56.
57.

1
|

31.
38.

|

40.

54.

15.
12.
14.

49.
46.

.
.

___1____________________

TABLE

73.
6 8 .

15.
9.
14.

6 9 .
75.

17.
16.

|
|

6.
7-

6 9 .
71.

17.
16.

|
|

7.
13.

63..
67.
67.

3
3
2
2

7 4 .

8 .
12.
8.

|
|
|

14.
9.
9.

63.
58.
68.

2 3 .
3 3 .
2 3 .

78.

8.

|

11.

6 8 .

21.

7 6 .
7 9 .
80.

10.

|

6 5 .

2 7 .
27.

6 9 .
7 8 .

SURVEY

OF

11.

AGRICU LTURAL

C RED IT

C O N D ITIO N S,

ELEVENTH

FEDERAL

RESERVE

|

SURVEY

|

FEEDER CATTLE
LOANS

C O HH OH

I N T E R E S T R A T E S C HARG ED
(A V ER A G E, PER CEN T)

OTHER
OPERATING
LOANS

OH

FARM

IN TER H ED IA TE-TERH
( 1 TO 7 Y E A R S )
LOANS

LOANS

LONG-TERH
REAL ESTA TE
LOAN S

1
1
9 .4 7

1 9 7 5 -Q 3 ...|

9 .6 0

- 0 4 . . . t

9 .3 9
9 .4 1

9 .3 6
9 .4 4

9 .2 6

2
3
9
1

9 .4 2
9 .4 0
9 .4 0

9 .3 6
9 .3 5
9 -3 6

9 .3 2

1
- Q 2 ..- I
- Q 3 .. . |

9 .4 6
9 .3 4
9 .3 3

- 0 4 . . . |

9 .3 3

9
9
9
9

9 .4 1

9 .3 5

9 .2 7

9 .2 8

9 .3 7

9 ,. 3 1

9 .3 0
9 .2 8
9 .3 0

9 .2 5
9 .2 4
9 .2 6

9 .3 7
9 .4 0
9 -4 3

9 .3 2
9 .3 3
9 .3 9

9
9
9
9

9
9
9
9

9
9
9
9

9
9
9
9

1 9 7 6 -Q 1 ...|

1 9 7 7 -Q 1 ...J
- 0 2 . . . |
- Q 3 ...|
- Q 4 ...I

.4
.3
.2
.3

1
1 9 7 8 -Q 1 ...|
- Q 2 ...I
- Q 3 ...I
- Q 4 . . . 1
1
1979-Q 1. . . |
- Q 2 -------|
- Q 3 .. . |
- Q 4 ...I
1980-Q
-Q
-Q
-Q

1.
2.
3.
4.

.
.
.
.

.
.
.
.

1
|
|
|
|

I
1981-Q 1-- . |
- Q 2 -------|
- Q 3 ...I
___________ L




.3
.4
.5
.7

9 .

|

8.
7.

9 .

I

9.

7 1 .

RESERVE

BANK

D IS T R IC T — FEDERAL

3 4 4 . 4Q

OF

8
0
6
0

.
.
.
.

66

.

2 0 .

_______ 1

HOST

DATE

7
0
6
1

74.
73.

1

1 9 8 1 - Q 1 . .. . |
-Q 2 .. - 1
” Q 3 - . -1

QUARTERLY

H ITH

NU MB E R

..............................
. ..
LOWER
SAM E
HIGHER

59.
65.

1
1

1915.

USUAL

17.
14.

57.

22.
20.

COMPARED

|
|

1 9 7 7 - Q 1 . ., . |

|
|

1
|
I

37.
26.
24.

I
1

|
|

TO—

A GEN CIES,

13.
12.

37.

6 0 .
60.
62.

WITH

N U MB E R

N ON BANK

A V A ILA BILITY

61.
6 0 .

|

19 7 9 -Q 1 . . ,.|
- Q 2 ..,.|
-Q 3 ....|
- Q 4 ..,.|

J

CRED IT

REFERRED

27.
28.

1
|
|

60.

BANKS,

RELA TIV E

REQUESTS

40.
44.

5 ,.

1

LOAN

................................................
LONER
SAME
H IGHER

55.
58.
60.

” Q 2 .. .|
- Q 3 .. .|
-Q 4. . . J

REFLECT

FARM

C O MPAR ED

| PREVIO US
|
F ARM
| Q U A R T E R DUE|
L OAN
D E S I R E D I TO S H O R T A G E I A C C O U N T S
1 OF FUNDS
1

_____________ L
1
|
58 ..
55.
|

THAT

OF

CORRESPONDENT

H IGHER
THAN

|D ESIRED

J ____
1
• 1
.1

ELEVENTH FEDERAL RESERVE DISTPICT— FEDERAL RESERVE BANK OF DALLAS

BANKS

9
3
3
5

1
1
1
1

0 . 10
0 .2 5
0 .3 5
1 .4 2

1
1
1
1

3
6
3
3

.1 2
. 18
.2 4
.3 3

1 8 .5 9
1 7 .5 6
1 9 .1 6

.3
.4
.5
.7

7
2
0
4

.
.
.
.

4
5
5
7

6
2
8
9

.
.
.
.

4
4
5
7

4
8
6
7

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

9 .9 9
1 0 .1 2
1 0 . 19

1 1 .3 3

1 1 .3 1

1 0 .9 1

1
1
1
1

1
1
1
1

1
1
1
1

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

3
5
3
3

.0 2
.7 9
.2 1
.3 0

18-38
1 7 .3 6
1 9 .0 2

2
5
3
3

.9
.7
.1
.3

2
6
7
5

1 .9 2
5 . 14
2 .8 3
2-96

1 7 .8 7

1 7 .0 9

1 7 .0 1
1 8 .8 7

1 6 .1 9
1 8 .1 0

OF

DALLAS

54

QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, ELEVENTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF DALLAS
TABLE 344.5Q
T R E N D S

DATE OF
SURVEY

I N

F A R H

R E A L

E S T A T E

A N D

L O A N

V O L U H E

P E R C E N T A G E CHANGE
FROH PREVIOUS
Q U ARTER

| D O LLARS PER ACRE
|
L
1 D R Y ­ I RRI­ RANCH-| D RY­
1 LAND G ATED LAND I L AND

| PER C E N T A G E C H A N G E | PERCENTAGE OF BANKS EXPECTING
|
FROM PR E V I O U S
| T R E N D DU R I N G THE C U R R E N T
|
YEAR
|
Q U ARTER TO BE—
1
1
DOWN
UP
STABLE
I R R I ­ RANCH- | DRYI R R I ­ RANCH-1
LAND 1 L AND GATED.
GAT E D
LAND 1

1
1975-Q3...|
-Q4...|

V A L U E S

M A R K E T VALUE OF G O O D F ARMLAND

1
1.
1

P ERCENTAGE OF B A N K S E X P E C T I N G
FARH REAL ESTATE LO A N V O L U H E
DURING THE C U R R E N T QUART E R ,
AS C O M P A R E D V ITH V O L U H E HAD*
A YE A R EARLIER, TO BE—
LOWER

SAHE

HIGHER

1
* * * * *
* * * * *

* * * * *

*****

* * * * *
* * * * *

****
****

****
****

****
****

| ****
| ****

****
****

•***
****

|

j

57.
67.

12.
11.

72.
72.

12.
12.

68 .
67.

13.
17.

18.
17.
13.
23..

66.
66 .
66 .

21.

62.

16.

18.
17.
14.
24.

64.
67.
63.
65.

19.
16.
23.
12.

11.
12.

4.
3.

87.
78.

9.
19.

31.
22.

3.
3.
1.
3-

81.
80.
76.
76.

16.
17.
23.
21.

16.
16.
18.
16.

5.
4.
7.
13.

76.
69.
73.
71.

19.
27.
20.
16.

11.

76.

1
1976-Q1... | ***** ***** *****
-Q2. . . | * * * * * * * * * * * * * * *
-Q3...|
397.
274.
652.
-Q4.
|
387.
670.
284.
1977-Q1...|
- Q 2 ---|
-Q3... |
-Q4...I

395.
403.

****
****

****
****

| ****
| ****

****
****

****
****

j

* * * *

* * * *

* * * *

|

* * * *

* * * *

* * * *

|

|

* * * *

* * * *

* * * *

|
1
|

-2.5

2.8

2. 1
2.0

2.2
0.0

2.7

5.4
-3.0

3.6

1.1

j

* * * *

* * * *

* * * *

|

* * * *

* * * *

* * * *

|

|

10.7
4.5

10.6
3.9

|
|

1.7
1.3
13.2
-0.6

|
|
|
|

1 0 .1

2.8
6.0
8.2
10.9

4-5
6.3
13.5
15.9

|
|
|
|

7.9
2.4
4.2
7.1

|
|
|

9.0
17.7
13.1
1 2 .1

23.0
24.3
14.5
23.4

|
|
|

|

17.6
27.8
10.9
7.3

|

2.

|
|
|
|

15.0
10.4
13.4

11.2
2.8

8.1
8.2

|

3.
12.

14. 1
16.4

6.3
-3.6

I

9.5
12.7

15.5

|
|

1 1 .6

1.5
12.5
15.8

415.

1 9 7 8 - Q 1 .... |
-Q2...|
-Q3...I
-Q4...|

435.
441.
449.
481.

704.
726781.
776.

300.
304.
344.
342.

4.8
1.4

197 9 - Q 1 . . . |
-Q2.. . |
-Q3... |
~ Q 4 ------ |

474.
519.
508.
539.

828.
928.
866.
833.

369.
378.
394.
422.

-1.5
9-5
-2. 1

6.1

-6.7
-3.8

1980-Q1. ..|
-Q2--- |
- Q 3 ------ |
-Q4...|

545.
573.
576.
551.

921.
954.
988970.

399.
409.
419.
407.

1.1

10.6

-5.5

5.1
0.5
-4.3

3.6
3.6
-1.8

2.5
2.4
-2.9

1981-Q1...|
“ Q 2 ---|
-Q3...I

597646.
643.

1064.
1057.
1076.

405.
460.
485.

8.3

8.2

9.7
-0.7

-0.5

1.8

-0.5
13.6
5.4

0.2

|

-0.3
5.9
-2.6

685.
685.
722.
700.

41 4 .

287.
286.
303.
295.

****
****

1

4.3
7.2

16.
17.

I

__________________ L




1.8
7.1

0.6
3.1
7.6
-0.6
6.7

12.1

9.4
8.5
15.9

2 .2

1 0 .8

8.9

|
|
|
1
|
|

t

_______ L

2.

72.

13.
28,.
21.
26.

3.

71.
68.
70.
62.

27.
29.
27.
36.

25.
28.
27.
26.

61.
61.
61.
56.

70.
75.
79.
74.

27.
13.
13.
23.

41.
69.
45.
26.

51.
29.
51.

8 .

6 6 .

8 .

70.
75.
75.

24.
21.
21.

43.
36.

5 1 .
56.

5.

43.

51.

5.

2.
1.

2 .

3.

8.

3.
7.

4.
4.

70.
77.

13.

18.

2.
4.

8.

55
QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, FIFTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF RICHMOND
TABLE 345-1Q
CURRENT

D AT E

OF

SURVEY

I
|
J

DE MAND
LONER

FO R

LOAN S

SAM E

H IGHER

|

FARM

FUND

|

LONER

N O N - R E A L - E S T A T E L E N D I N G E X P E R I E N C E , C O MPAR ED
PERCENTAGE OF BANKS REP O R TIN G
A V A ILA BILITY
SAME

|

HIGHER

LO AN

|

REPAYMENT

LONER

SAM E

W ITH

RENEHALS

RATE

LONER

HIGHER

USUAL

OR

CO ND ITIO NS

EXTEN SIO N S

COLLATERAL

HIGHER

SAME

REQUIRED

SAME

LONER

HIGHER

1
1
1 9 7 5 -Q 4 .. . |

21.

51.

28.

|

10.

12
6
0
11

.
.
.
.

6
7
7
7

8
1
4
4

.
.
.
.

21.
23.
26.
14.

I
I
1
1

6
6
3
3

1977-Q 1. . . |
- Q 2 ------ |

0.
6.

.
.
.
.

1
1

6.
12.

5
0
8
2

15.
34.

- Q 3 ... |
-Q 4 ...|

8
6
5
6

36.
27.

1
1

1 9 7 8 -Q 1 ...|
-Q 2 -..1
- Q 3 -------|
—Q 4 . . . |

7.
21 .
19.

33.
42.
13.

1 9 7 6 -Q 1 ...|
- Q 2 ... |
- Q 3 ...|
- Q 4 -------|

6 0 .

.
.
.
.

46.

44.

|

31.

62.

8.

5.

6 7 .

28.

0*

77.

23.

4
4
6
6

5
5
3
2

I
|

21.
20.

71.

9.

3.

o.

77.
97.

11.
9.

27.
20.
3.
9.

0.
0.

I

71 .
cU.
86.

76.
80*
83.
80.

24.
20.
17.
20.

.
.
.
.

12
6
0
3

.
.
.
.

59.
83.

29.
11.
14.
30.

0.
0.

7
7
8
8

.
.
.
.

21.
21.
17.
15*

7.
0 .

3
3
3
16

.
.
.
.

3 3 .
6 1 .
81.

0.
0 .
3 .

6 8 .

6 3 .
36*
16.
16.

0.

77.
73.
78*
84.

23.
27.
19.
16.

75.
85*
90.
84.

93*
10*
13,

0.

75*

0.
0.
0.

76*
71.
74*

25.
24.

5
5
6
5

43
4 3
3 4
44

4
3
3
8

.
.
.
.

0
1
4
9

.
.
.
.

I

11-

86.

3.
3.
3.

S
!

24.
6 .
1124.

7
9
8
7

0
3
0
3

1
|
|

57.
30.
13.

37.
70.
84.

3.
o.

50.
63.

47.
37.

6.
9*

72.
71.

22.
21.

I
|

|
|
|

10.
2 7 .
36 .

73.
67.
58.

17.
6.
7.

7
1
9
4

.
.
.
.

0.

10.

36 .
6 9 .
6 1 .

29.

|

32.

65.

3.

|

10.

81.

3 .
10.

63 .
65.
6 8 .

25.
27.
26.

I
I
I
|

6.
6*
7.
10.

16.

16.

85.
87.
87.

9 .
7 .

26.

.
.
.
.

3.
0.
0.

58.

3
2
3
2

66.
74.

16.

|
|
|
|

78.

- Q 2 ... |
- Q 3 ------ |
- Q 4 -------i

13.
9.
7 .

3 .

12.
0*
3.

I
1980-Q 1. . . |
- Q 2 ------ |

2 1 .
43.

57.
37.

21.
20.

|
|

21.
34.

4.
3.

3.

3 7 .
38.

17.
18.

I
|

14.
15.

71.
66.
66.
59.

68.
60.

46.
44.

20.
27.

3 .

56.
47.
58.

27.
33.
30.

18.
20.
12.

I
I

12.
3.

1

6.

65.
63.
55.

3 3 .
39.

1
1 9 7 9 - Q 1 •• • |

-Q 3 ...|
- Q 4 -------|
I
1 9 8 1 -Q 1 .. . |
- Q 2 ...I
- Q 3 ... |

__ I—

1
7
6
6

65.
74.

0.
7.
0.

24.

0.

|

29.

I
|

37.
29.

I

47.

69.
53.

|
|
|

50.
37.
33-

47.

3 .

6-

63.
64.

3.

0*
3.

3,.
3.

0.
0.

83.

866 7 .

7
4
3
3

.
.
.
.

0.

0.

3 .
0-

0.
0.
0.

.
.
.
.

594 3 .
33.

3 5 .
5 7 .
6 4 .

Q U A R T E R L Y S U R V E Y O F A G R I C U L T U R A L C R E D I T C O N D I T I O N S , F I F T H F E D E R A L R E S E R V E D I S T R I C T — F E D E R A L R E S E R V E BANK
T A B L E 3 4 5 - 2Q
FARM N O N - R E A L - E S T A T E LOAN V OLUM E E X P E C T E D D U R IN G T H E C U R R E N T Q U A R T E R , C O MPAR ED N I T H VOLUME O F
PERCENTAGE OF BANKS REP O RTIN G

OF

I
|

SURVEY

|

D AT E

TOTAL
LONER

SAME

FEEDER
HIGHER

LONER

DA IR Y

CATTLE

SA M E

HIGHER

LONER

SAME

CROP
1H I G H E R

STORAGE

LONER

SAME

HIGHER

OF

SAM E

29.
26.

69-

3 .

43.
77.
65.

0.
0.
0.

77.
69*
73*

31.
57.
23.
32.
24.
31*
27.

RICHMO ND

LOANS

HADE

A

F A RM

O PERATING
LONER

9
9
1
5

H IGHER

YEAR

EA RLIER

MACHINERY

LONER

SAM E

HIGHER

1
1
1 9 7 5 -Q 4 .. . |

5 8 .

29.

39.

52.

9.

12.

76.

12.

14.

5 8 .

28.

8 .

59-

33*

13.

4 9 .

33.

.
.
.
.

6
6
6
7

1
7
6
7

.
.
.
.

33.
33.
29.

37.
14.
19.

.
.
.
.

7.
25.
13.
7.

5
6
6
7

.
.
.
-

18.
24.

23.

55.

23.

21.
11.
17.

38.

69.
6 8 .
61.

49.
6 0 .

32.

4
5
6
7

41.

19.
16.

3 .
0.
3.
6*

50.

26.

6
1
8
8

25.
10.
16.

20.

5
6
6
6

9.

69*

40.
23.
23.

3 .
0.

.
.
.
.

8
7
6
4

.
.
.
.

6.
3*
17.
24.

6 8 .
57-

27.
40.

28.
14.

7
8
6
6

11.
10.

6 .
6.

3
9
6
4

79.

- Q 3 ...I
- Q 4 ... |

7
6
5
6

4.

- Q 2 -------|

47.
59.

36.
18.

74 .

11.

53.

80.
71 .
71.

10.
7.
21.

21.
10.

1976-Q 1. . . |
- Q 2 ...|
-Q 3 ...|
- Q 4 ...|

13.
6
0
6
3

1977-Q 1. . . |

24.
31.
3930.

19.
7.

12.
11.
10.

7.
7.

2317.

21.

72.

3 7 .

50.
39.
41.
23.

30.
30.
3123.

46.
3 8 .
48.

17.
24.
31.
29-

72.
75.
74.

10.
6.
4.

23.
30.
14.

6 8 .

7.

28.

6
5
6
4

5.
8.
2 .
8-

13.
12*
24.
24.

19
6
19
23

4
5
4
4

3444.
32*
36.

16.
12*
26.
19.

56*
65.
48.
71.

28.
24.
26.
10.

2
5
3
4

5
3
5
3

6
8
0
1

3
6
5
5

5
3
3
2

.
.
.
.

14.
0.
9 .
15.

27.
43.
3 9 .

18.
10.
6.

.
.
.
.

2
3
2
2

15.
11.
27.
19.

7
7
6
8

0
1
9
2

.
.
.
.

15.
18.
4.
0.

17.
19.
22.
25.

21.
50.
33.
3 2 .

5
3
5
4

4
2
2
5

.
.
.
.

25.
18.
15.
23.

26
59
42
31

7
4
5
5

0
1
8
5

.
.
.
.

4.
0.
0.
14.

2
4
3
4

7
5
6
4

37.
33.
3 6 .

43.
4 1 .
43.

20.
26.
21.

41.
36.
50.

5 0.
52.
5 0.

9.
12.
0.

31.
32.
40.




1

49*
5647.

36*
4 4 .
5 5 .

5
8
2
7

______ J L_

41-

15.
2 3 .

5
5
6
5

1
1 9 8 1 -Q 1 ...I
-Q 2. . . |
- Q 3 ...I

5 6 .
49.
3 6 .
4 4 .

3 .
20.
37*

16.
6.
17.
23.

- Q 2 ...I
-Q 3. . . |
- Q 4 -------|

8.
9-

29.

15
10
21
7

.
.
.
.

3 .
3.

57.

22.
10.

6
3
1
5

9 .
30.
41.

6 9 .
67.
53*

31.
34.

.
.
.
.

17.

82.
55.
4 1 .

14.

.
.
.
.

1
1 9 8 0 - Q1 . . . |

7 3 .

46.
31.
17-

28.
13.
10.

2
0
9
2

.
.
.
.

109.
15.
19.

13.
16.

4.

6
5
5
7

9
6
1
0

7.
10.

7.

.
.
.
.

3.
0.
0.

16.
19.
17.

Q 1. . . |
Q 2 .. . |
Q3 . . . |
Q 4 ...J

19.
15-

7
4
6
7

.
.
.
.

7.

- Q 2 ...I
-Q 3 ...|
- Q4. . . |
1979-

11.
17.

81.
70.

1 9 7 8 -Q 1 .. . |

.
.
.
.

7
6
6
3

8
8
7
9

5
0
9
0

4
7
6
1

.
.
.
.

0.
03.
14.

66.
61.
57.

3.
7.
3.

6.
3.
2.
4*

41.
38.
3 8 .

13.
24.

.
.
.
.

7
0
8
2

.
.
.
.

.
.
.
.

19.
9.

11.
34*

46.
4 0 .

182 5 .

17.
2 9 .

49.
3 5 .

4
2
3
3

44.
5 5 .
5 3 .

15*
7 .
9 .

29*
20.
21.

3 5 .
50.
55.

35.
30.
24.

3
6
4
5

.
.
.
.

2
9
7
6

.
.
.
.

56.
47.
55.

4
1
4
9

56

QUARTEfiLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, FIFTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF RICHHOHD
TABLE 345.3Q
AVERAGE

LO A N /D EPO SIT

RA TIO ,

AND

PERCENTAGE

OF

BANKS

REPO RTING

REFUSED
LO A N /D EPO SIT

RA TIO

L O A N /D EPO SIT
RA TIO
(PE R CENT)

LONE R
THAN

ABOUT
RIG H T

H IGHER
THAN

DESIRED

OTHER

CO N D ITIO N S
NU HB ER

|

THAT

OF

FA RH

REFLECT
L O AN

D ESIRED

RELA TIV E

REQUESTS

R E D U C E D A |ACTIVELY| __________________________
FARH L OAN |SEEKING | C O R R E S P O N D E N T BANKS
REQU E S T IN |
NEW
|__________________________
PREVI O U S
| FARH
|
| C O H P A R E D WITH
QUARTER DUE|
LOAN
|NONE|
USUAL NUMBER
TO SHORTAGE|ACCOUNTS|
|____________________
_OF_FUNDS
|__________ |_____ |LOWER S A ME_HIGHER

IS —

AVERAGE

DATE OF
SURVEY

OR

NONBANK
|
N ON E|

C RED IT

REFERRED

A V A ILA BILITY
TO —

AGENCIES

COMP AR ED N I T H
USUAL NUHBER

i ________________________

___ LLQisi.sAfl^aisass

i
1 9 7 5 -Q 4 ...|

64.

|

28.

62.

10.

|

1 9 7 6 -Q 1 .. . J

60.
61.
64.

I
|
|
|

47.
40.
30.

44.
54.
55.

9 .
6.
15.

I
|
|
|

62.

|

34.

57.

9.

I

6 2 .
6 4 .
66 .
65.

|
|
|
|

4
3
2
3

2.
4.
7.
6.

5
4
5
4

8
9
0
9

.
.
.
.

0.
17.
24.
15.

I
|
|
|
|

6
6
6
6

|
|
|
|

36.
25.
13.
20.

4
5
4
4

3
3
7
7

.
.
.
.

21.
22.

I
|
|

41.
3 3 .

I
|

16.

61.

- Q 2 ...I
- Q 3 ... |
- Q 4 ...I
1977-Q 1. . .

|

-Q 2. . . |
- Q 3 ... |
- Q 4 ...|
1 9 7 8 -Q 1 .. . |
—Q 2 . . . |
- Q 3 ...I
- Q 4 -------|
1 9 7 9 -Q 1 ...|

6
5
8
7

.
.
.
.

65.
66.
68.

- Q 2 ...|
-Q 3 ...|
- Q 4 -------|
1980-Q 1. . . |
- Q 2 .. . |
“ Q3. . . |

1 9 8 1 —Q 1 . . . |
- Q 2 ------ |
-Q 3 ...|

OF

I
)
|

I

* * *

* * *

* * *

* * *

|
|
|

76.
63.
7 0 .

0
11
0
3

21.

3.
0 .
3.
3 .

8
5
9
6

.
.
.

3 .

71.

1
|

7 6 .

0.

7 3 .
70.

|

8 2 .

1

7 5 .

1
|

1

33.

3.
15.

1
|

OF

AGRICULTURAL

C RED IT

FEEDER

CATTLE

LOANS

CO N D ITIO N S,

IN T E R E ST RATES
(A V ER A G E,

3.

FIFTH

FEDERAL

C H A R G E D ON
PER CENT)

RESERVE

FA RH

0.

3 .

0.
0.

OTHER
O PER ATIN G

IN TERM ED IA TE-TERH
( 1 TO 7 Y E A R S )

LONG-TERH
REAL ESTA TE

LOANS

LOANS

LOANS

9 .3 4

I
1 9 7 5 -Q 4 ...|

8 .9 8

8 .9 8

9 .5 3

1976-Q 1. . . |

8 .8 9

6
0
1
5

9 .2 2

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

.8
.9
.8
.7

9 .4 8

-Q 2. - . |
-Q 3. . . |
-Q 4 . •. (

8
8
8
8

9 .2 9
9 .2 6
9 .2 0

9 .2 6
9 .1 9
9 .3 1

-Q 3- . • I
- Q 4 ...I

8
8
8
8

.8
.7
.8
.7

9
8
4
0

8
8
8
8

.8
.7
.8
.7

9
3
2
4

9
9
9
9

.2
.1
.2
.2

9
7
6
8

9
9
9
9

.2
.3
.3
.2

8
0
5
7

1 9 7 8 -Q 1 .. . |
- Q 2 -------|
-Q 3. . . |
- Q 4 ...I

8
8
9
9

.
.
.
.

9
9
2
6

4
9
8
5

8
9
9
9

.9
.0
.3
.5

8
8
7
4

9
9
9
1 0

.4
.4
.6
.0

6
4
9
2

9
9
9
9

.4
.4
.6
-8

2
9
0
0

0
0
1
2

.2
.9
.3
.0

8
0
7
5

1 0
10
1 0
1 2

.3 7
-74
.9 7
.0 8

1
1
1
1

.5
.1
.2
.2

2
7
8
7

0
0
1
1

.2
.9
.3
.9

6
4
8
4

1
1
1
1

.0
.3
.3
-7

2
7
8
4

1 3 .1 5
1 6-85
1 3 .6 0

1 3 .1 1
1 6 .4 4

1 3 .3 8
1 3 .8 4

1 4 .1 6

1 3 .8 3

1 7 .1 6
1 6 .9 4

1 7 .2 3
1 6 .7 8
1 7 .7 8

1 6 .8 7
1 6 .7 4
1 7 .4 1

1 6 .1 8
1 5 .9 7

1 7 .8 9

1979-

Q
Q
Q
Q

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

|
I
I
I

1 9 8 0 -Q 1 ...|
- Q 2 ...I
-Q 3. •. |
- Q 4 ...J
1981-Q 1. . . |
- Q 2 ...I
- Q 3 ...I
__________________ I___




1
1
1
1

1 2 .9 7
1 6 .5 5

3
6
3
3

0.
0.
0.
3-

0
1
1
2

0.

D IS T R I C T — FEDERAL

LOANS

I

1977-Q 1. . . |
“ Q 2 -------J

2 3 .
14.
10.

0.
0.
0.
0.

2
2
2
2

3
0
6
4

.
.
.
.

19
33
23
21

52.
52.
48.

7
7
7
7

6.

.
.
.
.

I

63.
68.

|
I
|
|

59.
52-

8
9
1
1

I
I

0.
0.

5 5.

4
3
4
3

0.

.
.
.
.

39.
38.

0.
0.

0 .

2
4
3
6

I
|
|

63.
6 4 .
64.

.
.
.
.

3 .

7
7
6
7

0.

I

64.
34.

9
9
5
9

10.

I
I
|
|

.
.
.
.

3
3
4
5

18.
25.

66.

7
20
9
6

29
33
16
13

0.
0.

13.
6.

I
|
|
|
|

29,.
3 3 .
3 6 .
36.

10.

I
|
|

29.
29.
2 1.
6 .

0.
0.
0 .
0.

52.
55.

3.
0.

.
.
.
.

7
0
1
4

.
.
.
.

I
I
I

7 1 .
8 3 .
71.

5
5
6
6

3
3
8
2

7.

I
|
|

22
26
13
2 9

14.
21.
18.
30.

4
3
4
5

3.
7.

0.

I
I
|
|
|

10.
16.

12.
14.

7 8 .

68.

3.
9 .

3 6 .
25.

6.
3.

7
6
5
6

|

I
|

3 .
3 .
13.
13.

6
6
6
6

47.
44.

7.
6.

4 .

0.

68.
6 1 .
6 1 .

9.
3 .

48.
53.

0.

3 1 .
25.

10.
7.

41.
44.

22.
14.

3 .
3.

|
|

13.
3 .
3 .

I

21.
3 2 .

66.
72.

32.
17.

45.
50.
44.

3.
3 .

6 5 .

|
|

62.

7.
0.
6.

2 3 .
3 0 .
24.

|

72.
6 8 .

5 8 .
73.

9 .

36.
47.
47.

0.

82.

6.
3 .

3.

0.
0.
0.

15.

47.

0.

71.
70.

.
.
.
.

* * *

6.

2 8 .

I

3
4
6
0

* * *

38.

.
.
.
.

26.
2 7 .
24.

1
1
1
1

1 3 .6 6

1 6 .9 1

I
I
I
I
I

* * *

* * *

I
I
I
I
I
I
i
I
I
I
I
I
I
I
I
I
I
I

.
.
.
.

I
|

10.
10.

.
.
.
.

.
.
.
.

71.

|
|

6
6
7
5

2
1
9
5

0.

|

TYPICA L

SURVBY

63.
6
7
5
6

.
.
.
.

23.
24.

QUARTERLY SURVEY
TA BLE 3 4 5 . 4Q

DATE

8.
3
3
3
0

58.
47.

RESERVE

0.
0..

3 .

0.
0.

BANK

1330.
31-

OF

.
.
.
.

13.

.
.
.

32.
1921.

RICH MON D

57

QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, FIFTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF RICHMOND
TABLE 345.5Q
TRENDS
M ARK ET
D AT E

OF

SURVEY

j
»

VALUE

PERCENTAGE
DOLLARS
PER
AC RE

FROM

IN
OF

CHANGE

PR E V IO U S—

FARM
GOOD

REAL

ESTATE

VALUES

PERCENTAGE
TREND

OF

BANKS

DURING

QUARTER
QUARTER

AND

L O AN

FARMLAND

THE
TO

EX PEC TIN G
CURRENT

BE—

VOLUME
PERCENTAGE OF BANKS EX PEC TIN G
F A R M R E A L E S T A T E L O AN V O L U M E
DURING TH E C U RR EN T Q U A R T E R ,
AS

C O MPAR ED
A YEAR

H ITH

E A R LIER ,

VOLUME
TO

MADE

BE—

YEAR
DOWN

..ST A B L E

H IGHER

LONER

SAM E

1 9 7 5 -Q 4 ...|

777.

* * * *

* * * *

5.

82.

13.

11.

7 6 .

13.

1 9 7 6 -Q 1 ...|

842.
810.

8. 4
- 3 .8

* * * *
* * * *

3.

16.
21.

* * * *
1 1 .8

.
.
.
.

6 8 .
6 1 .

5. 1
2 .1

1
2
1
1

16.
18.

851.
869.

0.
0.
0.

7 9 .
80.

6.
12.

76.
70.

18,
18.

9
9
9
9

0
1
3
3

6
0
7
5

.
.
.
.

4 .3
0 .4
2 .9

7 .6
1 2 .3
1 0 .1

6.

18.
18.
11.

9.
6.
6.

7 5 .
70.
67.

16.
24.
27.

6.

0
0
0
1

1
7
7
0

7
1
4
5

.
.
.
.

- Q 2 -------|
- Q 3 ...I
- Q 4 ...|
1977-Q 1. . . |
—Q 2 . . . |
- Q 3 -------|
- Q 4 ... |
1978-Q
- Q
- Q
-Q

1. . . |
2 ... |
3 ...I
4. . . |

1 9 7 9 -Q 1 ...|
- Q 2 ...|
- Q 3 ...J
- Q 4 ...I
1980-Q
-Q
- Q
-Q

1. . . I
2 ...|
3 ...J
4. . . |

1 9 8 1 -Q 1 ...|
- Q 2 ...I
-Q 3 ...|




1
1
1
1

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

7 .6
1
1
1
1

2
7
4
8

.3
.7
.7
.1

0.

0.

0.

1222.

2 .5

1 0 .6

0.

1
1
1
1

0 .
3.
3.
2 .

14
9
10
10

.
.
.
.

1277.
1265.
1336.

7
2
8
7

- 5 .6
- 0 . 9
5 .6

0.
0.

.1
.0
.6
.7

31.
9.
3.

3 .7
- 0 .4
1 .4

3 .
3 .
3.

8
0
4
7

13.

75.

13.

.
.
.
.

17.
2328.
20.

7
6
6
7

0
8
3
0

.
.
.
.

13.
10,
9.
10-

.
.
.
.

3 4 .
5 2 .
3 6 .

5
5
5
6

9
3
7
1

.
.
.
.

7.
2 5 .
25.

19.

35.
2 2 .
18.
32.

79.
6 3 .
86.

2 1 .
6.
6 .

33.
65.
56.

63.
35.
35.

4,

8 2 .

15.

49.

39.

12.

85.
8088.

12.
17.
9 .

46.
32,.
37.

39.
5 7 .

15.
11.

53.

10.

7 5 .
7 4 .

0.

0.

1
0
8
3

.
.
.
.

0-

8 .8
1 1 .0

3
7
1
5

2
2
3
4

87.
7 6 .

- 2 .4
8 .0
2 .3

2
2
3
3

8
8
8
9

3.

1192.

1079.
1165.

6 .1

0.
0.

86.
83.

OP

6
4
6
8

6
9
5
1

10
24
2 5
2 6

7.

0.

9.




58
A G R IC U LTU R A L

D E SC R IPTIO N

FIN A N C E

OF

FIV E
C O N D ITIO N S
OF

THE

THE
ON

FED ERAL
AT

IT S

THE
AND

FED ERAL

LOANS

OF

1 9 6 8 .

OF

ALL

IN

4 7 6

NONMEMBER

D IST R IC T ,

BANKS,

RESPONDED

TH EREFO RE,

THE

OVER

BANKS,

1 ,0 0 0

T Y PIC A L

THE

RESERVE

BANK

THAT

S E R IE S

THE
TO
OF

A

THE

UPPER

IN IT IA L

AS

TY PIC A LLY

BEEN

THE

TENTH
MORE
ALL

AS
MADE

TO

D IST R IC T

LOANS.

THB

OF

JU L Y

THE
N ONMEMBER

FEDERAL

THE

HAS

AS

OF

THE
OF

O N E -F O U R T H

OR

IN CLUD ED

IN

BANKS

THB

IN

THE

ST R A T IFIED
THOSE

1 9 7 6 ,

OF

THE

9 0 0

FARM

THE

H ITH

IN

BA SIS
A

TOTAL

IN

THE

FARM

BANKS

C O N SISTS

LE N D IN G

IN

OF

O RG A N IZA TIO N

OF

N IN TH

D IST R IC T

T IM E ,

THE

BANKS.

PANEL

RATE

THE

MEM BBRS

OF

RESPONSE

1 ,

LOANS

HAS

HAS

QUARTERLY

AN

THB
IN

IN IT IA L

9 0 2

C O M PR ISED

RESULTED
THE

A

1 9 7 6 .

BANKS
5 0

IN

PER

THE

CENT

R E PR ESEN T A T IO N

OR
OF

D IS T R IC T .

OF

1 8 8

BANKS.

CALLS

IN IT IA T ED

1 ,

1 9 7 5 .

A

TO

V IR TU A LLY

RESPONDENTS

A

Q UARTERLY

SAM PLE

REPR ESEN TA TIO N
D IS T R IC T .

COVERED

RATE

THE

FIN A N C E

AND

BANK

THE
OF

H IG H
OF

SAM PLE

IN C O M E

9 1 1 . 1Q

IN

DALLAS
JU L Y

HAS

5 2 2

OF
A

23

OF

ALL

ARE

SURVEY

3 3 1

BANKS

OF

RESPO N SE

ON

THUS

PER

BELATED

BANKS

(B A SB D

GROUP

CO N D ITIO N S

BANKS

EXCEEDED

A G R IC U LTU R A L

OF

AMONG

FO LLO H -U P

SURVEY

LOANS

T H IS

RESERVE

CR ED IT

ON

FIN A L

IN

R A T E.

RESERVE

OF

TOTAL

SURVEY.

P A R T IC IPA T E

IN

OF
ON

THE

MORE

AGREED

TO

THE

BROAD

VALUABLE

OF

MBMBER
ALL

RATE

AND

S IZ E S
OF

ABOUT

7 0

AT

CENT

JU N E

OF

ALL

PR IM A R ILY

H H IC H
1 9 7 4

ACCOUNTED

FARM

TO

D A T A ),

FOR

8 5

BANKS
THE

LOANS
5 4

PER

IN

THE

R ELA T IV E

CO M PR ISED

PER

CENT

CENT
OF

HERE

THE

SURVEY.

A

LOANS

AND

CYCLES*

IM P L E M E N T E D

FROM

C O N SISTED

PRO V ID E

SAM PLING

LEN D IN G .

H EA V ILY .
FARM

BANK

C IT Y

FARM

AREAS

SAM PLE

FEDERAL

EFFEC T IV E

7 7 3

BANKS

TO

A

AMONG

AND

OVER

JA N U A R Y

PROCEDURE

Q UARTER.

TO

LONG

EN G AG ED

AN

THB

THE

1 9 7 3 ,
ROSE

EX PER IEN C ED .

FEDERAL

THE

OH

H H ICH

RESPONSE

FARM

THE

A G R IC U LTU R A L
SAM PLE,

DRAHN

JAN UARY

D IS T R IC T .
IM PO R T A N C E

THE

EACH
H IGH

ELEVENTH

BEEN

AT

C O N D ITIO N S

HAS

KANSAS

PR IM A R ILY

FA RM IN G

RESERVB

C R ED IT

BANKS

THROUGHOUT
C B N !

1 9 7 7 ,
A

OF

SURVEY

SAM PLING

AND

RESPOND

ASSURE

A G RIC U LTU RA L

PER

R EG IO N S

BANKS
HELP

BANK

SELECTED

RESERVE

G EO G R A PH IC

BANKERS.
BANKS.

OF

IN

QUARTERLY

ESPEC IA LLY

PANEL

O FFIC ER S

7 5
1 7 5

A

PANEL

SEC TIO N

LEN D IN G

BANKS

D IS T R IC T .

THUS

IN CO M E

THE

1 9 7 2

TOTAL

BET T ER .

CO N D ITIO N S
HAS

IS

C O U N C IL,

COVERED

OR

OF

AT

JU N E
A

AS

SURVEY

BANKERS

CROSS

60

BANKS

OF

BANKS)

T IM E .

EX C EPTIO N A LL Y

AMONG

CORE

THE

TOTAL

CENT.

THE

FARM

AS

SURVEY.

IN

THE

OF

ABOUT

C E N T ).

NONMEMBER

IN IT IA T ED

AN D

HAS

NONMEMBER

NONMEMBER

OVER

C R ED IT

COVERED

RESERVE

BANKS

TOTAL

SURVEYED

CENT

C R ED IT

1 9 6

FEDERAL
OF

PER

9 0

FROM
THE

AND

PER

OF

SURVEYED

MORE

D IS T R IC T .

LOANS
PER

THE

AN D

1 9 6 4 .

AND

B A N K -S IZ E

A G R IC U LTU R A L

I T

IN

PR O V ID ES

CHOSEN

IN

BANKS

COMPARABLE

MONETARY

AN D

1 9 6 4

ALL

7 5

C O N D ITIO N S,

D IST R IC T .

IN

OF

ALL

THE

THE

BANKS
OR

H H IC H

COVER
TOTAL

CENT

M IN N EA PO LIS

OF

SURVEY

IS

OF

ABOUT

SURVEY

CR ED IT

1 9 7 3 ,

FEDERAL

A G R IC U LTU R A L
OF

OF

CENT

IN

LAND

T IM E

FOR

M EMBERS

THE

RESERVE

10

MEMBER

T H IS

CENT

AT

P A R T IC IPA T E
(BO T H

LARGELY

R EPR ESEN TA TIV ES
SURVEY

ENLARGED;

SAMPLE

PANEL

RESERVE

PER

TO

QUARTERLY
DATA

WERE

PER

SET

BANK

SEVERAL

M ID H E ST

A G R IC U LTU R A L
THB

SPAN

2 8

A

BANKS,

OF

AND

REPORT

REQUEST.

OVER

THAT

5 5 0

MORE
HAS

QUARTERLY

EXAM PLE,
10

EACH

T IM E.

FED ERAL

IS

CO N D ITIO N S

G EO G R A PH IC A L

FED ERAL

PER

FOR

QUARTER

REM AIN ED
TH IS

TO

SAMPLE
40

EACH

OR

OF

1 9 8 1

CR ED IT
JU L Y ,

R E SP E C T IV E LY ,

ON

YEARS.

BROADENED

C R ITER IO N

REQUEST

A G R IC U LTU R A L

SURVEY

PR O V ID E

N IN T H

A

ABOUT

SU RV EYS,

OF

CENT

PER

R E PR ESEN T IN G

RESERVE

HAVE

COVERAGE
THE

OR

C R ED IT

HAS

2 5
THE

A

BANK

BANKS

ABOUT

Q 4,

H ISTO R IC A L

LENGTHS

SEVENTH

OF

LEN D IN G .
JO L T ,

CONDUCTED

2 5

CO M PRISED

NUMBERED
THE

HAS

1 9 7 2 ,

SURVETS
FARM

IS S U E S

THUS

ONLY

TO

3 4 0

THROUGH

RESERVE

OVER

V A R YIN G

IN

SECTIO N

JA N U A R Y ,

BANKS

AN D

SURVEY

SURVEY

RATE

FEDERAL

A G R IC U LTU R A L

TO

TOTAL

RESPONSE

Q U ES T IO N N A IR E

THE

HHERE

FOR

LOANS

IN

OF
Q1

THE

COVERED

SAM PLE

QUARTERLY

CHICAGO

1 9 6 9

FARM

BANKS

1 9 7 3 ,

OF

FOR

FROM

CO M PR ISED

M IC H IG A N ,

FROM

IN

IN VO LVED
DAI

RESERVE

CHANGES,

SURVEY

H HICH

THAT

LOANS

IN

AT

MEM BER

JA N U A R Y

FARM

THE

SYSTEM .

AS

(E X C E P T
OF

1 9 7 3 ,

SURVETS

LIN E S

SURVEY

SEVERAL

A V A ILA BLE

BANKS

CENT

H H IC H

BANK

ARE

TO

A V A ILA BL E

RESERVE

OF

FIR S T

JO L T

S E R IE S

CONDUCT

THAT

THE

FEDERAL

CO N D ITIO N S

ARE

RESERVE

MEM BER

OF

CORRESPOND
THE

UNDERGONE

BEFORE

PER

OF

BANKS

BANKS

AS

RESU LT S,

SER IES

FEDERAL
HERE

DATES

QUAHTERLY

PROCEDURES

RESERVE

MADE

C R ED IT

HAS

CURRENT

IS

EACH

SURVEY

SURVEY

AND

C O M M ERC IA L

THESE

T A BLES.

VALUE

COVERAGE

SURVETS

OCTOBER.

DATABOOK—

BANKS

IN

S 10
OF

THE

OF

BEGAN

1 ,

FED ERAL

LOANS

SELECTED

SURVEY.

OF

(BA SED

QUARTERLY
IN

18

JU N E

OF

LOANS,

MUCH

M ANNER,

BANKS
1 9 7 4

OF

HHERE

D A T A ),

OF

THE

BBRE

FARM

SAM PLED

TH IS

SURVBY

SELEC TIN G

D IST R IC T

VOLUME
HERE

IN

THE

ON

A

1 9 7 5 .

RESERVE

DOLLAR

FARM

HERE

M ILLIO N
4 3

RICHM OND
OCTOBER

O U TSTA N D IN G

VOLUME

64

OF
ON

FIFT H

AND

M ORE
H H IC H

4 3

O U TSTA N D IN G
16

HERE

IN C LU D ED

BANKS.

DATABOOK—

QUARTERLY

S E R IE S

JU L Y

198 1

EXPEN SES

A M O U N T ................................... ....................................................................... .................................................. ........................................................................... . . 5 9

9 1 1 .2 Q

PERCENTAGE

CHANGE

FROM

PR EV IO U S

9 1 1 .3 Q

PERCENTAGE

CHANGE

FR O M

SAME

SOURCES

EC O N O M IC S
DEPARTM ENT
ECO N OM IC
JO IN T

OF

AND

OF

PR EV IO U S

ST A T IST IC S

Y E A R ................................................ 6 1

SER V IC E,

A G R IC U L TU R E .

IN D IC A T O R S.

ECO N O M IC

Q U A R T E R ............................... ................................................... . . . . 6 0

QUARTER

CO U N C IL

CO M M ITTEE,

OF

U .S .

ECO N OM IC
CONGRESS.

A D V ISER S,

FOB

THE

59
TABLE 911.1Q
INCOME

GROSS

I
I
I
I
I
I

Q UARTE R

REC EIV ED

TOTAL

F R OM F A R M I N G
(SE A SO N A L L Y -A D JU ST E D
AMOUNT S I N B I L L I O N S O F D O L L A R S

INCOM E

l

|

NET

INCOME

TO

ANNUA L

F A RM

R A TE )

OPERATORS

1
1
CASH
|PR O D U C T IO N !
EXCLUDING!
I N C L U D I N G NE T CHANGE
REC EIPTS
| E X P E N S E S |NET CHANGE!
IN IN V E N T O R IE S
FROM F A R M !
1 IN IN V E N -I
M ARKETIN GS!
|
T O R IES
|IN CURRENT
IN
1967
___ D O L L A R S _______ D O L L A R S

J________________ L________________L

1 9 6 1 - Q 1 ______ . |

4 0 .4

3 5 .6

2 8 .3

4 0 .3
4 0 .5
4 1 .0

3 4 .8
3 4 .9
3 5 .3

2 8 .5
2 8 .7
2 8 .8

1 9 6 2 - Q 1 ______ . |
- Q 2 --------- . |

4 2 .3
4 2 .4

3 6 .6
3 6 .6

3 0 .0
3 0 .3

- Q 3 --------- . |
- Q 4 --------- . 1

4 2 .2
4 2 .5

3 6 .2
3 6 .5

3 0 .3

1 1 .8
1 1 .5
1 1 .2

3 0 .6

1 9 6 3 - Q 1 ______ . |
- Q 2 --------|
- Q 3 --------|
- Q 4 --------|

4
4
4
4

.5
.5
.3
.1

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

3 1 .6
3 1 .6
3 1 .6

3 7 .3

3 1 .7

1 0 .9

1 1 .4

1 2 .3

1 9 6 4 - Q 1 ______ - I
- Q 2 --------- . |

4 2 .4
4 2 .3

3 7 .2
3 7 .3

3 2 .0
3 2 .0

1 0 .4

1 1 .2
1 1 .1

- Q 3 --------- . |
- Q 4 --------- . |

4 2 .0
42-5

3 7 .2
37. 6

3 1 .7
3 1 .7

1
1
1
1

1 9 6 5 - Q 1 ______ . |
- Q 2 --------- . |

4 4 .7
4 6 .9

3 8 .1
3 9 .8

3 3 .0
3 3 .7

1 1 .1
1 2 .2

1 1 .7
1 3 .2

4 7 .1
4 7 .4

3 9 .6
4 0 .0

3 3 .7

12. 1
1 2 .1

1 3 .4

14. 1

1 3 .2

1 3 .9

.|
.|
.|

5 1 .3
5 0 .4
5 0 .3

4 3 .7
43. 4
4 3 .4

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

.|

- Q 2 --------- . |
- Q 3 --------- . |
- Q 4 --------- . |

- Q 3 --------|
- Q 4 --------- . |
1 9 6 6 - Q 1 ______
- Q 2 --------- Q 3 --------- Q 4 ---------

3
3
3
3

3 4 .2

1
1
1
1

1 .8
1 .5
1 .4
1-8

2 .1
1 .8
1 .8
2. 2

1 3 .5

1 2 .3
12. 1
1 1 .9

1 3 .7
1 3 .4
1 3 .1

1 1 .2

1 1 .9

13. 1

1 1 .2
1 1 .2
1 1 .1

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

1 3 .0
1 3 .0
1 2 .7

1
1
1
1

.0
.1
.3
.7

1
1
1
1

1 0 .3
1 0 .3
1 0 .8

1 3 .2
13. 1
1 3 .6

1 1 .1
1 1 .6
1 2 .5
1 4 .0

1 5 .2
14. 2

1 5 .6
1 4 .1

1 3 .8
1 3 .0

1 3 .6
1 2 .5

1
1
1
1

6
4
3
2

.3
.6
.9
.7

1 1 .8

1 1 .9

12. 1

1 1 .6
1 1 .7
1 1 .6

1 2 .2
1 2 .6
1 2 .6

1 2 .3
1 2 .5
1 2 .4

1 1
11
1 2
1 3

1 2 .0
1 1 .7

1 1 .7
1 1 .3

1 2 .5
1 3 .1

1 1 .9
1 2 .4

4 9 .8

4 3 .2

3 7 .3

1
|

4 9 .8

4 2 .7

- Q 2 --------- . |
|
- Q 3 --------- Q 4 --------- . |

5 0 .5
5 0 .9
5 0 .9

4 2 .9
4 2 .9
4 2 .8

3 7 .9
3 8-3
3 8 .3
3 8-3

1 9 6 8 - Q 1 ______ . !
- Q 2 ---------

5 0 .8
5 1 .1

- Q 3 --------- . |
- Q 4 --------- . |

5 2 .1
5 3 .4

4
4
4
4

3
3
4
5

.2
.5
.4
.6

3 9 .6
4 0 .3

5
5
5
5

5
6
6
7

.3
.3
-4
.6

4
4
4
4

7
8
8
9

.2
.1
. 1
.3

4 1 .2

1 4 .0

14. 1

13. 1

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

1 3 .9
1 4 .0

1 4 .0
14. 1

1 2 .8
1 2 .7

1 4 .8

1 4 .9

13,. 3

5
5
5
5

9
8
8
8

.0
.8
.0
.5

5
5
5
5

0
0
0
0

.
.
.
.

9
7
0
5

4
4
4
4

3
4
4
5

.9
.3
.5
.0

1
1
1
1

5. 1
4 .5
3 .5
3 .5

15. 1

1
1
1
1

3
2
1
1

1 9 7 1 - Q 1 _______ . |
- Q 2 -----------. |
- Q 3 ----------- . |
- Q 4 --------- . |

6
6
6
6

1
1
0
4

.9
.6
.6
.0

5
5
5
5

2
2
1
5

.4
.5
.5
.0

4
4
4
4

6
7
7
8

-2
.4
.7
-3

1
1
1
1

4
2
1
4

1 5 .7
14. 2

1
1
1
1

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

1 9 7 2 - Q 1 . . . . .|
- Q 2 --------- . |
~ Q 3 --------- . |
- Q 4 -----------. !

6
7
7
7

7
0
0
5

.6
.3
.6
.4

5
6
6
6

7
0
0
5

.5
.6
.9
.8

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

1 9 .9

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

8 7 .1

7 8 .3

6 0 .0

2 6 .8

2 7 .1

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

6 4 .2
6 9 .0
6 9 .2

2 8 .5
3 1 .1
3 3 .2

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

1 9 6 7 - Q 1 ______

1969-Q
-Q
-Q
-Q

1
2
3
4

______ . |
--------- . |
-----------. |
-----------. |

1970-Q
-Q
-Q
-Q

1 _______ . |
2 -----------. |
3 -----------. |
4 ----------- . |

1 9 7 3 - Q 1 ______
- Q 2 --------- Q 3 ---------- Q 4 ---------

. |
.|
.|
.|

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

1974-

. |
.1
.|
.|

10
9
9
9

3 8 .8
3 9 .4

.8
.6
.4
.0

.0
.9
.6
.4

1 6 .4
1 8 .0
1 7 .0

1 4 .5
1 3 .5
1 3 .5

1 2 .9
1 5 .7

.3
.5
.5
.4

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

10
8
8
9

1
9
8
0

.2
.6
.3
.7

7
7
7
7

4
0
2
2

.0
.6
.0
.4

3
2
2
2

5 .0
6 .1
3 .6
6. 1

3
2
2
2

2 .1
6. 1
3 .6
2 .6

2 2
1 7
1 5
1 4

.7
.9
.7
.7

.8
.6
.8
.1

7
8
9
8

9
8
5
9

.4
.3
.1
.9

7
7
7
7

2
5
8
7

.0
.7
-8
.0

1 5 .8
2 1 .2
25. 1
22. 1

1
2
2
2

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

1
1
1
1

.6
.0
.2
.8

1 9 7 6 - Q 1 ______ . |
- Q 2 --------- . |
- Q 3 --------- . |
- Q 4 --------- . |

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

9
9
9
9

1
8
5
3

.9
.2
.4
.6

7
8
8
8

8
4
6
4

-0
.0
-0
.4

2
2
1
1

2
2
1
1

1
0
6
6

.6
.0
.8
.5

1 2 .9
1 1 .8
9 .8
9 .5

1 9 7 7 - Q 1 ______ . |
- Q 2 --------- . |

1 0 6 .8
1 0 6 .2

9
9
9
9

6
4
4
9

.2
.9
.5
.6

8
9
8
9

8
0
9
3

.0
.5
.6
.1

1 8 .0
1 4 .7

1 8 .8
1 5 .7

1 0 .6
8 .7

1 5 .8
2 1 .2

1 6 .9
2 2 -4

9 .2
1 2 .1

1 0 5 .9
1 1 0 .1
113,. 1

9 7 .7
9 9 .1
1 0 0 .4

2 2 .0
2 4 .5
2 6 .0

2
2
2
3

.7
.0
.5
.7

1
1
1
1

2
2
3
5

1
1
1
1

6 .1
6 .8
4 .6
2 .8

Q
Q
Q
Q

1975-Q
-Q
-Q
-Q

1
2
3
4

______
-------------------------

1
1 ______ . |
2 --------- . |
3 ------------ I
4 --------- . J

- Q 3 --------- . 1
~ Q 4 --------- . |

6 .1
6 .7
5 .6
5 .0

9 1
9 9
106
103

1 0 6 .5
1 1 5 .5

3. 1
3 .5
8 .8
8 .9

2
5
7
5

!
1 2 0 .4
1 2 4 .1
1 2 6 .9

2
5
6
1

1 9 7 8 -Q 1 .. . .
- Q 2 --------- . |
- Q 3 --------- . |
- Q 4 --------- . |

1 3 8 .9

1 2 2 .7

1 0 7 .2

3 1 .0

1 9 7 9 - Q 1 --------- - |
- Q 2 --------- . |
- Q 3 --------- . |
- Q 4 --------- . J

1 4
1 5
1 5
15

8
2
2
4

.2
.8
.5
.1

1 2 9 .8
1 3 2 .8
1 3 1 .4

1 1 4 .8

1 2 4 .9

9
0
5
4

.0
.8
.7
. 1

3 3 .4

1 3 3 .6

2
3
2
2

!
1 9 8 0 - Q 1 ______ . |
- Q 2 --------- . 1
- Q 3 --------- . |
- Q 4 ---------- . 1

1
1
1
1

9
6
1
5

.3
.0
.9
.1

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

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

2
1
2
2

2
8
3
2

.5
.8
.4
.8

2 3
1 6
1 9
19

1 9 8 1 - Q 1 ______ . |
- Q 2 --------- . |

1 5 7 .7
1 6 5 .2

1 4 2 .5
1 4 5 .7

1 3 9 .4
1 4 2 .2

20-2
2 1 .0




4
4
5
5

1 1 6 .9
1 2 0 .2

3 5 .9
3 2 .3
2 9 .2

.0
.9
.4
.7

.4
.9
.7
-5

9 .9
6 .9

1 8 .3
2 3 .0

7 .0
8 .5

7 .9
7 .6




60

TABLE 911.2Q
IN C O M E

|

GROSS

QUARTER
J

R E C E I V E D FROM FA RM IN G
( S E A S O N A L L Y - A D J U S T E D A N NUA L
P E R C E N T A G E CHA NGE FROM P R E V I O U S Q U A R T E R

TOTAL

INCOME

|

|

INCOME

TO

FARM

OPERATORS

I
I
CASH
|1? R O D U C T I O f t| E X C L U D I N G ! I N C L U D I N G N E T C H A N G E
R EC EIPTS
| EXPENSES
J NET CHANGE!
IN IN V EN TO R IES
FROM F A R M |
I IN IN V E N -I
|
TO RIES
|IN CURRENT
IN 1 9 6 7
M ARKETIN GS!
1
1
DOLLARS
DOLLARS
I

1 9 6 1 - Q 1 ................ |
- Q 2 ................ |
- Q 3 ............... |

2 .3
- 0 .2
0 .5

- Q 4 ................ |

1 .2

1 9 6 2 - Q 1 ................ |
- Q 2 ................ |
- Q 3 ............... |
- Q 4 ................ |

3 .2
0 .2
- 0 .5
0 .7

1 9 6 3 - Q 1 ................ !
- Q 2 ................ |
- Q 3 ................ |
- Q 4 ................ |

2 .4

3 .3

0 -0
- 0 .5
- 0 .5

- 0 .5
- 0 .3
- 0 .3

1 9 6 4 - Q 1 ................ |

-1 .6

- 0 .3

- Q 2 ............... |
- Q 3 ................ |
- Q 4 ................ I

- 0 .2
-0 .7

0 .3
- 0 .3
1 .1

4 .1

1 .2

NET

RATE)

0 .0

- 0 .0
- 2 .5

2 .0
- 2 .2

3 .3
0 .7

0 .9
- 2 .5

0 .3
1 .1

0 .7
0 .3

- 0 .9
3 .5

3 .7
0 .0

4 .2
1 .0
0 .0

0 .0
- 2 .5

0 .8
- 1 .6
- 1 .7

0 .6
- 2 .1

- 2 .6

1 .0

0 .0

0 .0

- 0 .2

3 .3
0 .0
0 .0

0 .0
0 .0
- 0 .9
- 1 .8

0 .0
0 .0
- 1 .7
- 2 .6

-

0 .9

0 .9

0 .0
- 0 .9
0 .0

0 .9
1 .8
3 .5

- 8 .8
- 1 .0
0 .0
4 .9

- 1 .2
- 0 .4
4 .4

- 1 . 1
0 .8

0 .3

- 2 .5
0 .0
3 .4

- 0 .5
3 .3

- 2 .0

0
0
2
2

.1
.3
.4
.8

- 9 .0

1 9 6 5 - Q 1 . , ______ |
- Q 2 ------------ |
- Q 3 ................ I
- Q 4 ................ |

5 .2
4 .9

1 .3
4 .5

2 .1

- 5 .1
9 .9

8 .3
1 2 .8

8 .1
1 2 .0

0 .4
0 .6

- 0 .5
1 .0

0 .0
1 .5

- 0 .8
0 .0

1 .5
- 1 .5

1 .1
- 1 .9

1 9 6 6 - Q 1 ................ |
- Q 2 ................ |
- Q 3 ................ |
- Q 4 ------------ |

8 .2
- 1 .8
-0 .2
- 1 .0

9 .2
- 0 .7
0 .0

4 .4
1 .7
1 .1

2 5 .6
- 6 .6
- 2 .8

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

1 7 .2
- 1 0 .5
- 4 .5

1 9 6 7 - Q 1 ................ |

0 .0

- Q 2 ................ I
- Q 3 ................ |
- Q 4 ................ |

1-4
0 .8
0 .0

- 0 .5

1 .6

- 5 .8

- 8 .1

- 8 .8

- 1
0
0
- 0

.2
.5
.0
.2

1
1
0
0

.6
.1
.0
.0

- 9 .2
- 1 .7
0 .9
- 0 .9

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

- 5 .0

1 .3
1 .5
0 .5

1 .7
- 1 .7
6 .9

- 4 .8
- 2 .5
6 .8

1 .8

4 .8

- 5 .8
- 3 .6
5 .5
3 .5

1 9 6 8 - Q 1 ................ |
- Q 2 ................ |
- Q 3 . ---------- 1
- Q 4 ................ |

- 0
0
2
2

.2
.6
.0
.5

0
0
2
2

.
.
.
.

1 9 6 9 - Q 1 ................ 1
- Q 2 ................ |
- Q 3 ................ |
“ Q 4 ................ |

3
1
0
2

.6
.8
.2
.1

3
1
0
2

.5
.9
.0
.5

2 .2
2 .7
0 .0

1 9 7 0 - Q 1 .,... |

2 .4

- Q 2 ................ |
- Q 3 ................ |
- Q 4 ................ |

- 0 .3
- 1 .4
0 .9

3 .2
- 0 .4

1 9 7 1 - Q 1 ................
- Q 2 ................
- Q 3 . ______
- Q 4 ................

9
7
1
7

- 1 .4
1 .0

4 .8

.7
.7
.7
.7

7 .6
- 0 .7

2 .8

2 .0

1 .3

0 .9
0 .5
1 .1

- 4 .0
- 6 .9
0 .0

- 4 .0

0 .9

7
- 0
0
5

0 .7
5 .7

- 6 .9
0 .0

1 .8
2 .2
- 0 .8

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

|

5 .8

3 .8

2 .7

3 .7

1 6 .3

1 5 .4

|
|
|

- 0 .5
- 1 .6
5 .6

0 .2

2 .6

- 1 .9
6 .8

0 .6
1 .3

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

- 9 .6
- 9 .2
2 1 .7

- 1 0 .6
- 1 0 .0
2 1 .0

1 9 7 2 - Q 1 ................ |
- Q 2 ................ I
- Q 3 ................ |

5 .6
4 .0
0 .4

4 .5
5 .4

3 .7
2 .8
2 .5

1 1 .5
7 .4
1 5 .7

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

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

2 9 .7
1 5 .9
7 .6
7 .1

- Q 4 ................ |

6 .8

0 .5
8 .0

3 .8

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

9
7
7
0

3 4
6
9
6

- 5 .3

1973-Q
-Q
-Q
-Q

1
2
3
4

|
|
|
|

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

1 9
7
8
2

1974-Q
~Q
-Q
- Q

1 ................ 1
2 ................ |
3 ................ I
4 - , ------- |

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

7 .7
- 1 1 .5
- 1 .5
2 .7

6 .9
- 4 .6
2 .0
0 .6

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

-1 7
- 1 8
- 9
- 4

-3 .4

- 1 2 .5

8 .5
7 .2
- 3 .5

1 1 .2
7 .7
- 5 .5

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

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

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

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

- 3 .4

2 .2
6 .9
- 2 .9
- 1 .9

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

4
1
-2 0
0

- 1
- 1
-

2
4
0
8

- 1 8 .0

4
2
- 1
3

.3
.8
.0
.9

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

1 3 .9
- 1 6 .5

1 2 .0
- 1 8 .2

7 .6
3 2 .5

6 .1
3 1 .1

4
1
1
6

.9
.4
.3
.8

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

1 .3
1 0 .1
6 .0

- 0 .3
7 .3
3 .6
1 7 .3

7 .1
1 .8

- 6 .5

................
................
................
................

1 9 7 5 - Q 1 ................ |
- Q 2 ................ |
- Q 3 ------------- I
- Q 4 ................ |
1 9 7 6 - Q 1 ................ |
- Q 2 ................ |
- Q 3 ................ |
- Q 4 ................ |

4 .4
- 1 .2
- 1 .8

.0
.7
.8
.5

1 9 7 7 - Q 1 ................ |
- Q 2 ................ |
- Q 3 ................ |
- Q 4 ................ |

5 .8
- 0 .6

2 .8
- 1 .4

0 .3
8 .5

- 0 .4
5 .4

1 9 7 8 - Q 1 ................ |
- Q 2 ................ 1
- Q 3 ------------ |
- Q 4 ................ |

4 .2

6
4
2
8

1 9 7 9 - Q 1 ................ |
- Q 2 ................ I
- Q 3 ................ |
- Q 4 ................ |

6 .7

3 .1
2 .3
9 .5

3 .1
- 0 .2
1 .0

.
.
.
.

3
0
7
5

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

1 9 8 0 - Q 1 ................ |

- 3 .1

- 0 .4

- Q 2 ................ |
- Q 3 ................ |
- Q 4 ................ l

- 2 .2
4 .0
2 .1

- 0 .8
5 .5
1 .7

1 9 8 1 - Q 1 ................ J
- Q 2 -------|

1 .7
4 .8

0 .7
2 .2

.5
.0
.5
.3

.7
.3
.1
.8

.5
.7
.0
.5

7
7
6
1

. 1
.7
.6
.2

.
.
.
.

1 9 .6

- 1 9 .
- 2 0 .
-1 2 .
- 6 ,

3
9
3
9

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

2 .8
3 .9

6 .2
- 1 6 .6
- 6 .2

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

2
3
- 1 2
- 1 2

0 .9
2 .4

- 6 .6
-1 6 .4

-1 9 .9
- 2 7 .8

2 .5
2 .6

2 4 .5
- 2 .6

1 6 .6
- 1 .0

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

2 .8
2 .0

-1 1 .4
4 .0

- 6 .2
2 5 .7

- 8 .6
2 2 .8

.8
.9
.9
.2

TABLE 911.3Q
IN C O M E

B EC E IT E D

PERCENTAGE
|

GROSS

FROM

IN COH B

R E C E IP T S
I

TOTAL

FRO fl

PROH

|

1
| P R O D O C T I O I l|
|I

EXPEN SES

FARM)

M A RK ET IN G S!

7 .7

QUARTER
NET

OF

I NET

CHANGE!
IN V E N -I

IN

T O R IES

1

TO

|IN
1

FARM

IN C L U D IN G
IN

FATE)

ANNUAL

PR EV IO U S

IN COM E

EX C LU D IN G !

1
|

1
1 9 6 1 - Q 1 ................... 1

( S E A S O N A L L Y - A D J O S TED
SANE

|

CASH
QOARTBR

FA RM IN G

CHANGE

YEAR

OPERATORS
NET

CHANGE

IN V EN TO R IE S

CURRENT
DOLLARS

IN

196 7

DOLLARS

7 . 9

3 .7

1 8 .6

1 6 .9

- Q 2 ................... I

3 .1

0 . 9

4 . 4

0 .9

0 . 0

- 0 . 9

- Q 3 ................... i

2 . 8

0 . 9

4 . 7

- 0 . 0

- 1 . 7

- 2 . 8

- Q 9 ................... I

3 . 8

1 .1

5 .1

0 . 9

0 . 8

1 9 6 2 - Q 1 ................... l

4 .7

2 . 8

6 . 0

0 . 0

1 .7

1 8 .0

0 .1

0 . 8

- Q 2 ................... I

5 .2

5 . 2

6 . 3

0 .0

2 . 5

1 .2

- Q 3 ................... I

4 .2

3 . 7

5 .6

- 1 . 8

0 . 8

- 0 . 3

- Q 4 ................... |

3 . 7

3 . 4

6 . 3

- 5 . 1

- 2 . 5

- 3 . 7

1 9 6 3 - Q 1 ................... I

2 . 8

3 . 0

5 .3

- 5 . 1

- 3 . 3

- 4 . 4

- Q 2 ................... I

2 .6

2 . 5

4 .3

- 2 . 6

- 1 . 7

- 2 . 7

- Q 3 ................... |

2 .6

3 . 3

4 . 3

- 0 . 9

- 1 . 7

- 3 . 0

- 0 4 ................... I

1 -4

2 .2

3 .6

- 2 . 7

- 4 . 2

- 5 . 5

1 9 6 4 - Q 1 ................... I
- Q 2 ................... I

- 2 . 5

- 1 . 3

1 .3

- 1 . 8

- 1 2 . 6

- 1 3 . 9

- 2 . 8

- 0 . 5

1 .3

- 0 . 9

- 1 3 . 4

- 1 4 . 7

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

- 3 . 0

- 0 . 5

0 - 3

1 . 8

- 1 2 . 0

- 1 2 . 9

- Q 4 ................... 1

- 1 - 4

0 .8

0 .0

7 . 3

- 5 . 3

- 6 . 4

1 9 6 5 - Q 1 ................... 1

5 .9

2 . 4

3 . 1

0 . 9

1 2 .5

- 0 2 ................... I

1 0 .9

6 . 7

5 - 3

9 . 9

2 8 .2

2 6 .1

- 0 3 ................... |

1 2 .1

6 . 5

6 . 3

7 .1

3 0 .1

2 7 . 9

1 1 .2

- 0 4 ................... |

1 1 .5

6 . 4

7 . 9

3 . 4

2 2 . 2

2 0 .1

1 9 6 6 — Q l ................... |

1 4 .8

1 4 .7

8 . 2

3 6 . 9

3 3 . 3

3 0 . 2

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

7 .5

9 . 0

7 . 7

1 6 .4

6 . 8

4 . 0

- 0 3 ................... |

6 . 8

9 . 6

8 . 9

1 4 .0

1 .5

- 1 . 7

- 0 4 ................... 1

5 .1

8 . 0

9 . 1

7 . 4

- 5 . 3

- 8 . 6

1 9 6 7 - Q 1 ................... |

- 2 . 9

- 2 . 3

6 . 2

- 2 2 . 4

- 2 3 . 7

- 2 5 . 9

- 0 2 ................... |

0 .2

- 1 . 2

5 . 5

- 1 8 . 3

- 1 3 . 5

- 1 5 . 7

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

1 -2

- 1 . 2

4 . 4

- 1 5 . 2

- 7 . 4

- 9 . 8

- 0 4 ................... !

2 . 2

- 0 . 9

2 .T

- 1 0 . 8

0 . 8

- 2 . 0

2 . 4

0 . 0

0 . 8

- 2 . 7

1 9 6 8 - Q 1 ................... I

2 . 0

1 . 2

- 0 2 --------------- 1

1 * 2

1 .4

2 . 9

0 . 0

- 4 . 1

- 7 . 9

- Q 3 ................... 1

2 . 4

3 . 5

3 . 4

6 . 0

- 0 . 8

- 4 . 9

- 0 4 ................... 1

« - 9

6 . 5

5 . 2

1 2 -1

4 . 0

- 0 . 7

|

8 .9

9 . 3

6 . 2

1 8 .6

1 7 .5

1 2 .1

1 9 6 9 —Q

t . . . . .

- 0 2 ................... |

1 0 .2

1 0 .6

7 . 4

1 9 .8

1 9 .7

1 3 . 5

- 0 3 ................... |

8 .3

8 . 3

6 . 8

1 2 .9

1 2 .8

6 . 8

- 0 4 ................... 1

7 .9

8 .1

6 . 0

1 3 .8

1 3 .7

7 . 5

1 9 7 0 - Q 1 ................... |

6 . 7

7 . 8

6 . 6

7 . 9

7 .1

0 . 9

- 0 2 ................... |

4 .4

5 . 4

4 . 7

4 . 3

- Q 3 ................... I
— Q 4 ................... |

2 .8

4 . 0

5 . 2

- 3 . 6

- 4 . 3

- 9 . 4

1 .6

2 . 4

5 . 4

- 8 . 8

- 9 . 4

- 1 4 . 2

1 9 7 1 - Q 1 ................... |

3 . 6

- 2 . 3

4 . 9

2 . 9

5 . 2

- 7 . 3

4 . 0

- 0 . 9

- 0 2 ................... |

4 . 8

3 . 6

7 . 0

- 1 1 . 0

- 2 . 1

- 6 . 2

- 0 3 --------------- 1

4 . 5

3 . 0

7 . 2

- 1 4 . 1

- 4 . 4

- 8 . 4

- 0 4 ................... I

9 .4

8 . 9

7 . 3

6 . 7

1 6 .3

1 2 .4

1 9 7 2 - Q 1 ................... |

9 .2

9 .7

8 . 4

1 7 .1

1 1 .5

- Q 2 ................... |

1 4 .1

1 5 .4

8 . 6

3 9 .5

3 2 . 4

2 8 . 3

- Q 3 ................... |

1 6 . 5

1 8 .3

1 0 .7

4 6 .6

3 8 . 0

3 3 . 9

7 . 7

- Q 4 ................... |

1 7 .8

1 9 .6

1 3 .5

3 8 . 2

3 1 .2

2 6 . 8

1 9 7 3 - Q 1 ................... |

2 8 .8

3 6 . 2

1 9 .8

6 3 . 4

5 4 . 9

4 8 . 8

- Q 2 .................. 1

3 7 . 0

3 9 .1

2 4 . 7

5 8 .3

7 0 .7

6 1 . 8

- 0 3 ................... |

4 7 .7

5 0 .6

3 0 . 7

8 2 .9

9 8 . 3

8 5 . 6

— Q 4 .................. , |

4 3 .1

4 2 . 9

2 6 . 3

6 6 . 8

8 7 .9

7 3 . 3

1 9 7 4 - Q 1 ................... 1

2 1 .8

2 9 .2

2 3 . 3

3 0 . 6

1 8 .5

7 . 8

- Q 2 .................. . |

0 . 4

6 . 3

1 0 .0

- 8 . 4

- 1 8 . 7

- 2 6 . 5

- Q 3 .................. . |

- 8 . 3

- 3 . 7

4 . 3

- 2 4 . 1

- 3 3 . 1

- 4 0 . 0
- 4 7 . 9

- 1 2 . 0

- 3 . 5

4 . 6

- 2 1 . 4

- 4 1 . 6

- 1 3 . 5

- 2 1 . 5

- 2 . 7

- 5 4 . 9

- 3 8 . 3

- 4 4 . 4

- Q 2 .................. , |

3 . 0

- 1 . 5

7 . 2

- 1 8 . 8

- 8 - 4

- 1 6 . 5

- Q 3 ................... |

1 1 .7

7 . 7

9 - 4

6 . 4

1 8 .6

9 . 2

- 0 4 ..................., |

8 . 5

- 0 . 9

6 . 4

- 1 5 . 3

1 5 .5

7 . 6

1 9 7 6 — Q l .................. , |

8 . 5

1 5 .7

8 . 3

4 6 . 2

9 .1

- 0 2 ................... |

4 . 4

1 1 .2

1 1 .0

1 0 .8

- 1 6 . 3

- 2 1 . 1

|

- 3 . 7

0 . 3

9 . 1

- 2 5 . 1

- 4 0 . 0

- 4 3 . 1

- 0 4 ................... |

- 2 . 1

4 . 1

9 . 6

- 1 4 . 5

- 3 6 . 8

- 3 9 . 8

1 9 7 7 - Q 1 ................... |

7 .2

4 . 7

1 2 .8

- 2 2 . 1

- 1 3 . 0

- 1 7 . 8

- Q 4 ..................
1 9 7 5 - Q 1 ..................., |

- Q3. . . . . .

2 . 5

|

2 .1

- 3 . 4

7 . 7

- 3 7 . 4

- 2 1 . 5

- 2 6 . 5

- Q 3 ................... |

3 . 6

- 0 . 9

4 . 2

- 1 6 . 0

0 . 6

- 5 . 7

- 0 4 .................. . |

1 4 .5

6 . 4

1 0 .3

1 2 .2

3 5 . 8

2 7 . 3

1 9 7 8 — Q l .................. , |

1 2 .7

1 0 .1

1 1 .0

2 2 . 2

2 0 . 7

- Q 2 -------------- |

1 6 .9

1 6 . 0

9 . 5

6 6 . 7

5 9 . 2

4 8 . 8

- 0 3 .................. . |

1 9 .2

1 9 .7

1 2 .1

6 4 . 6

5 6 . 8

4 5 . 2

“ Q

2 . . . . .

1 3 .3

- 0 4 .................. . 1

2 0 .3

2 3 . 2

1 5 .1

4 6 .2

4 1 . 5

2 9 . 9

1 9 7 9 - Q 1 ..................., |

2 3 .1

2 2 . 6

1 7 .5

3 1 . 8

4 7 .1

3 4 . 0

- Q 2 .................. |

2 3 .1

2 0 . 6

1 8 .0

2 5 .7

4 3 .6

- Q 3 .................. , |

2 0 .2

1 6 .2

1 9 .7

- 1 . 2

2 1 .9

9 .1

- 0 4 .................. , |

1 0 .9

8 . 9

1 6 .5

- 2 2 . 3

- 7 . 9

- 1 8 . 3

2 9 . 7

1 9 8 0 - Q 1 ................... |

0 .7

2 . 5

9 . 8

- 2 2 . 4

- 2 9 . 9

- 3 8 . 7

- Q 2 ................... |

- 4 . 5

- 0 . 7

1 0 .4

- 3 9 . 0

- 5 2 . 9

- 5 8 . 9

- Q 3 ..................

- 0 . 4

5 . 9

1 0 .0

- 8 . 9

- 3 9 . 0

- 4 6 . 0

- Q 4 -------------. |

0 . 6

5 . 9

8 .6

- 5 . 4

- 3 3 . 2

- 4 0 . 7

1 9 8 1 —Q l . . . • . .1

5 . 6

7 .1

1 0 .6

- 1 0 . 2

- 2 1 . 8

- 2 9 . 7

- Q 2 ------------- . 1

1 3 .2

1 0 . 5

1 0 .2

1 1 .7

3 6 .1

2 3 . 9