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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