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E. 15 (125)
rf

AGRICULTURAL
FINANCE
DATABOOK
M arch 1982

Quarterly Series

Please note the following change in the dating and issue of
this statistical release:
Quarterly issues will be dated
March, June, September, and December, and will be published
during these months after data from the survey of terms of
bank lending to farmers (section 330) become available.
SECTION

PAGE

100

Outstanding farm debt......................... ....... . 3

200

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

210
220
230
300
330
340
900

Production credit associations
Federal land banks
Life insurance companies
Farm lending and credit conditions at banks.... .....34
Terms of bank lending to farmers
Agricultural credit conditions at rural banks
Farm income and returns to assets and equity...... -.59

Em anuel M elichar
Paul T. Balides




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

2

AGRICULTURAL FINANCE DATABOOK— QUARTERLY SERIES
SECTION
lOO

PAGE

Outstanding farm debt.................................. 3

111
112
200

Total debt
Real estate and non—real—estate debt
Farm lending operations of nonbank institutions.....

210
220
230
300

8

Production credit associations
Federal land banks
Life insurance companies
Farm lending and credit conditions at banks....... -.34

330

Terms of bank lending to farmers

331
332
333
334
335
340

Agricultural credit conditions at rural banks
Surveys made by the Federal Reserve Banks of—

341
342
343
344
345
900




Average effective interest rates
Average effective interest rates compared
Percentage of loans with floating rates
Average maturity of loans
Amount, number, and average amount of loans

Chicago
Mi nneapoli s
Kansas City
Dallas
Richmond

Farm income and returns to assets and equity......... 59
Commentary............ ............................. ..59
Returns to farm production assets and equity.......60
Relative returns to equity in farm production
assets.......................... .
61

3

100

Outstanding farm debt

111

Total debt

111.10
111.26
111.36
111.46
111.56
111.66

112

Atount...........................................................................................................................................
Change froa previous quarter..............................................................
Percentage change froa previous quarter..............................
Change froa previous year.........................................
Percentage change froa previous year............................................
Percentage distribution...................................................................

Real estate and non-real-estate debt to reporting
lending institutions

112.16
112.26
112.36
112.46
112.56
112.66

Aaount........ ..............
Change froa previous q u a rte r................................
Percentage change froa previousq u a r t e r . . . . . . . . . . . . . . . . . . . . . . . . . . . . ......................
Change froaprevious year.......................................................................
Percentage change froa previousy e a r . . . . . . . . . . ............
Percentage distribution..................... ....... .......... ....................................................................

Sources
8uarterly reports of condition, all insured coaaercial banks;
"Production Credit Associations—Selected aonthly loan data," Supervisory Division, Fara Credit
Adainistration (agricultural loans only);
■Federal Land Banks—Suaaary of selected aonthly loan data," Technical Services Division, Fara
Credit Adainistration (agricultural loans only);
"Fara Credit Systea Loan Operations," Bank Services Division, Fara Credit Adainistration;
"Gross Floe of Mortgage Loans in the United States," Aaerican Council of Life Insurance;
Finance Office, Faraers Hoae Adainistration, U.S. Departaent of Agriculture;
Econoaic Research Service, U.S. Departaent of Agriculture (data for Coaaodity Credit Corporation
and "individuals and others* only).




4
4
4
5
5
5

6
6
6
7
7
7

4
TABLE 111C
FAR* DEBT OUTSTANDING
TOTAL DEBT
END OF
QUARTER

|
|
1

TOTAL

REAL
ESTATE

INDIVIDUALS AND OTHERS
1
NON-REAL--1
ESTATE
I
1

TOTAL

REAL
ESTATE

!
1
1
1 9 7 5 - Q 4 ...|

1 1 1 .IQ
51034.

39837.

25078.

19 7 6 -Q 1 . . . | * * * * * * * * * * * * * * * * * * * * * * * * * * *
***************************
- Q 3 ...I ***************************
- Q 4 ...| 102745.
56589.
46155.
1 9 7 7 - Q 1 ...J
- Q 3 ...I

18728.

6350.

1 ***************************
1 ***************************
1 ***************************
20266.
7300.
1 27566.

*************************** J ***************************
*************************** 1 ***************************
*************************** i ***************************
119096.
63670.
55426. I 30079.
21669.
8410.

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

***************************
***************************
***************************
136315.
71206.
65108.

1 ***************************
1 ***************************
1 ***************************
33478.
23058.
10420.
t

1 9 7 9 - Q 1 .. . J
- Q 2 ...|
- C 3 ...J
-Q<».. . 1

***************************
***************************
***************************
157449.
82516.
74933.

1 ***************************
1 ***************************
J ***************************
25137.
11720.
1 36857.

1 9 8 0 -Q 1 • . • j
- Q 2 ...I
- Q 3 ...|
- Q 4 ...J

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

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

***************************
***************************
***************************
-Q 4 . . . | 1 9 4 9 9 2 .
102533.
92459.
1

1 ***************************
1 ***************************
1 ***************************
43500.
28500.
15000.
t
1

1 9 8 1 - Q 1 ...J
- Q 2 ...I

1 1 1 .2 Q

TOTAL

INSURED COOPERATIVE L IF E
COMMERCIAL
FARM
INSURANCE
BANKS
CREDIT
COMPANIES
SYSTEM

FARMERS COMMODITY
HOME
CREDIT
ADMINIS­
CORPOR­
TRATION
ATION

AKOUNTS IN MILLIONS OF DOLLARS

1
90871.

REPORTING LENDING INSTITUTIONS

i
NON-REAL-J
ESTATE
i

i
1
1
j
j
|
J
1
j
j
|
|
1
|
|
|
|
1
j
|
|
|
I
j
|
|
|
1
|
j
j
|
1

65793.

26353.

27107.

6726.

5249.

358.

67250.
71116.
73297.
75179.

26544.
28492.
29386.
29918.

28167.
29783.
30702.
31091.

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.
15793.
15932.

5639.
4993.
3538.
4500.

125440.
130857.
131933.
133951.

38999.
39491.
40084.
40087.

51284.
54631.
55537.
56479.

12415.
12725.
12800.
12928.

17737.
19461.
20009.
20090.

5006.
4549.
3503.
4367.

139605.
145566.
148862.
151492.

39802.
41605.
41965.
41150.

59500.
63364.
65415.
65632.

13028.
13002.
13106.
13059.

22101.
24309.
24662.
24094.

5175.
3286.
3715.
7558.

CHANGE FROfl PREVIOUS QUARTER, MILLIONS OF DOLLARS

1
1
1 9 7 6 - Q 1 .. . | * * * * * * * * * * * * * * * * * * * * * * * * * * * 1 * * * * * * * * * * * * * * * * * * * * * * * * * * *
- Q 2 ...I *************************** 1 ***************************
***************************
- Q 3 ...I ***************************
- Q 4 . .. | *************************** i ***************************
1 9 7 7 - Q 1 ...I
- Q 2 ...I
* Q 3 .• • I
- Q 4 .. . |

1
j
|
|
|

1458.
3866.
2181.
1681.

191.
1948.
894.
532.

1060.
1616.
919.
389.

63.
191.
179.
242.

96.
334.
157.
-7 8 .

48.
-2 2 3 .
32.
797.

1
|
|
j
|

2452.
5758.
3559.
2070.

726.
2320.
913.
-4 4 3 .

1177.
2066.
1019.
-6 3 .

215.
501.
336.
367.

135.
646.
293.
152.

199.
224.
998.
2056.

1
*************************** j
*************************** |
*************************** |
*************************** |

2234.
5130.
3726.
2730.

-1 1 2 .
1860.
1290.
175.

688.
1916.
1500.
687.

364.
507.
404.
383.

1068.
1557.
826.
-4 7 .

227.
-7 1 0 .
-2 9 5 .
1532.

*************************** i *************************** j
*************************** i *************************** j
*************************** j *************************** |
*************************** j
***************************

3345.
7623.
3386.
3401.

-4 7 .
1797.
1111.
50.

1569.
2889.
1966.
1931.

429.
553.
382.
323.

997.
3031.
1382.
134.

397.
-6 4 6 .
-1 4 5 5 .
963.

4848.
5417.
1076.
2018.

-5 5 9 .
492.
593.
3.

2847.
3348.
906.
942.

250.
310.
75.
128.

1805.
1724.
548.
81.

505.
-4 5 7 .
-1 0 4 6 .
864.

5654.
5961.
3296.
2630.

-2 8 5 .
1803.
360.
-8 1 5 .

3020.
3865.
2051.
217.

100.
-2 6 .
104.
-4 7 .

2011.
2208.
353.
-5 6 8 .

808.
-1 8 8 9 .
429.
3843.

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

1 9 7 8 - Q 1 ...j ***************************
- Q 2 ...J ***************************
- Q 3 .. . | ***************************
***************************
1 9 7 9 - Q 1 ...I
- Q 2 ...I
- Q 3 ...I

i ***************************
i ***************************
***************************
i ***************************
i
i
i
i

*************************** !
*************************** i
*************************** i
*************************** i
i
1 9 8 1 -Q 1 .. . | * * * * * * * * * * * * * * * * * * * * * * * * * * * i
- Q 2 - .- I *************************** t
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
- Q 3 ...1
i
- Q 4 ...I *************************** i
i
1
1 980-Q 1 • • • |
- Q 2 ...I
- Q 3 ...|
- Q 4 ...I

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

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

]
j
|
|
i
*************************** j
*************************** j
*************************** |
*************************** |
_____________ L
1 1 1 .3 Q

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

1 9 7 7 - Q 1 ...J
- Q 2 ...I
- Q 3 ...1

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

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

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

1 9 7 9 - Q 1 .. « |
- Q 2 ...J
- Q 3 .. . |
- Q 4 ...I

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

1 9 8 0 -Q 1 • . • |
- Q 2 ...1
- Q 3 ...|
-Q 4 .. . |

*************************
*************************
*************************
*♦♦**♦♦*♦**♦**♦******♦**♦

1 9 8 1 - Q 1 .. . |
- Q 2 ...I
- Q 3 .-.I
-Q 4...I
_____________ L

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




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-

PERCENTAGE CHANGE FRON PREVIOUS QUARTER

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

1
j
j
|
|

2 .2
5 .7
3 .1
2 .6

0 .7
7 .3
3 .1
1 .8

3 .9
5 .7
3 .1
1 .3

0 .9
2 .8
2 .6
3 .4

1 .8
6 .2
2 .8
- 1 .3

1 3 .3
- 5 4 .9
1 7 .7
3 7 0 .2

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

2 .4
7 .6
2 .8
- 1 .3

3 .8
6 .4
3 .0
- 0 .2

2 .9
6 .6
4 .1
4 .3

2 .3
1 1 .0
4 .5
2 .2

1 9 .7
1 8 .5
6 9 .5
8 4 .5

2 .5
5 .6
3 .9
2 .7

- 0 .3
5 .6
3 .7
0 .5

1 .9
5 .3
4 .0
1 .7

4 .1
5 .5
4 .2
3 .8

1 5 .3
1 9 .3
8 .6
- 0 .4

5 .0
- 1 5 .1
- 7 .4
4 1 .3

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

1
|
|
j
J
1
j
j
|
|
1
j
j
|
|

3 .3
7 .2
3 .0
2 .9

- 0 .1
4 .9
2 .9
0. 1

3 .9
6 .9
4 .4
4 .2

4 .1
5 .1
3 .3
2 .7

9 .6
2 6 .6
9 .6
0 .8

7 .6
- 1 1 .5
- 2 9 .1
2 7 .2

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

1
j
j
|
|

4 .0
4 .3
0 .8
1 .5

- 1 .4
1 .3
1 .5
0 .0

5 .9
6 .5
1 .7
1 .7

2 .1
2 .5
0 .6
1 .0

1 1 .3
9 .7
2 .8
0 .4

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

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

1
|
|
|
j

4 .2
4 .3
2 .3
1 .8

- 0 .7
4 .5
0 .9
- 1 .9

5 .3
6 .5
3 .2
0 .3

0 .8
- 0 .2
0 .8
- 0 .4

1 0 .0
1 0 .0
1 .5
- 2 .3

1 8 .5
- 3 6 .5
1 3 .0
1 0 3 .5

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

J_

5
TABLE 11 IQ (CONTINUED)
FARM DEBT OUTSTANDING

TOTAL DEBT
END OF
QUARTER

REAL
ESTATE

INDIVIDUALS AND OTHERS
NON-REAL-|
ESTATE
|
. .. ___________L_

REAL
ESTATE
1 1 1 .4 Q

************ * **** *** 4c** *** *
1976Q 1.
***********£***************
-Q 2 .
***************************
-Q 3 .
-Q 4 .
11874.
5555.
6318.
I
. . Q1•
| ***************************
1977-Q 2 . . . | ************* * * * * * * * * * * * * * *
-Q 3 . . . | * * * * * * * * * * * * * * * * * * * * * * * * * * *
7080.
9271.
-Q 9 . . . | 1 6 3 5 1 .
1978-Q2m
-Q 3 .
-Q 4 .
1979-

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

-Q 2 .
-Q 3 .
-Q 4 .

REPORTING LENDING INSTITUTIONS

I
-I1
NON-REAL-J
ESTATE
|
------- ----------- 1

INSURED COOPERATIVE L IF E
FARMERS COMHODITY
CCHNERC1AL
EARN
INSURANCE
HOME
CREDIT
BANKS
CREDIT
COMPANIES
A D H IN IS- CORPOR-----

[IS YEAR, MILLIONS OF DOLLARS

***************************
***************************
***************************
2488.
1538.
950.

*******
8096.
*******
9386.

*******
3348.
*******
3565.

3624.
3785.
4089.
3984.

391.
435.
555.
674.

866.
543.
491.
50 9 .

*******
-1 5 .
*******
654.

***************************
***************************
***************************
2513.
1403.
1110.

10380.
12272.
13650.
13838.

4100.
4472.
4491.
3516.

4101.
4551.
4651.
4200.

826.
1136.
1294.
1419.

548.
860.
996.
1226.

806.
1253.
2218.
3477.

. .jQ1.***************************
***************************
***************************
. .j ***************************
. . j ***************************
***************************
. . | 17219.
7537.
9682.
3399.
1389.
2010.
I
***************************
. .jQ 1.
***************************
***************************
. . | ***************************
***************************
. . | ***************************
21134.
11309.
9825. j
3379.
2079.
1300.
I
i
. , | * * * * * * * * * * * * * * * * * * * * * * * * * * * | ***************************
. . | *************************** j ***************************
. .j *************************** | ***************************
..|
17188.
10195.
6993. |
3828.
1548.
2280.

13620.
12993.
13160.
13820.

2678.
2218.
2595.
3213.

3710.
3560.
4041.
4790.

1568.
1575.
1643.
1659.

2159.
3070.
3603.
3404.

3504.
2570.
1278.
754.

14931.
17424.
17084.
17755.

3278.
3215.
3036.
2911.

5672.
6645.
7111.
8356.

1724.
1770.
1747.
1687.

3333.
4807.
5363.
5544.

924.
987.
-1 7 3 .
-7 4 2 .

19259.
17052.
14742.
13359.

2399.
1094.
576.
529.

9634.
10093.
9032.
8043.

1507.
1264.
958.
763.

6352.
5045.
4211.
4158.

-6 3 3 .
-4 4 4 .
-3 5 .
-1 3 3 .

14165.
14709.
16930.
17541.

803.
2114.
1881.
1063.

8216.
8733.
9878.
9153.

613.
277.
306.
131.

4364.
4848.
4653.
4004.

169.
-1 2 6 3 .
212.
3191.

1 9 8 1 - Q 1 . . ,| ***************************
-Q 2 . . . ] * * * * * * * * * * * * * * * * * * * * * * * * * * *
***************************
-Q 3 .
-Q 4 .
20356.
9823.
10533.

*************************** i
***************************
***************************
2815.
1815.
1000.
1 1 1 .5 Q

PERCENTAGE CHANGE FROM PREVIOUS YEAR

Q 1. * * * * * * * * * * * * * * * * * * * * * * * * *
*************************
*************************
1 3 .1
1 0 .9
1 5 .9

*************************
*************************
*************************
9 .9
8 .2
1 5 .0

******
1 2 .8
******
1 4 .3

******
1 3 .3
******
1 3 .5

1 4 .8
1 4 .6
1 5 .4
1 4 .7

6 .1
6 .6
8 .4
1 0 .0

1 9 .3
1 0 .6
9 .2
9 .7

******
- 7 .5
******
1 8 2 .8

1977Q 1. *************************
*************************
-Q 2
-Q 3 • . • ) *************************
-Q 4
1 5 .9
1 2 .5
2 0 .1

*************************
*************************
*************************
9 .1
6 .-9
1 5 .2

1 5 .4
1 7 .3
1 8 .6
1 8 .4

1 5 .4
1 5 .7
1 5 .3
1 1 .8

1 4 .6
1 5 .3
1 5 .2
1 3 .5

1 2 .2
1 6 .3
1 8 .1
1 9 .2

1 0 .3
1 5 .1
1 7 .1
2 1 .3

1 9 8 .7
6 8 4 .9
1 0 3 0 .6
3 4 3 .7

1978-Q 2 .
-Q 3 .
-Q 4 .

Q1. *************************
*************************
*************************
1 4 .5
1 1 .8
1 7 .5

*************************
*************************
*************************
1 1 .3
6 .4
2 3 .9

1 7 .5
1 5 .6
1 5 .1
1 5 .5

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

1 1 .5
10. 4
1 1 .4
1 3 .6

2 0 .6
1 9 .4
1 9 .4
1 8 .8

3 6 .6
4 6 .9
5 2 .7
4 8 .7

2 8 9 .4
1 7 9 .0
5 2 .5
1 6 .8

1979-Q 2 .
-Q 3 .
-Q 4 .

Q 1. *************************
*************************
*************************
1 5 .5
1 5 .9
1 5 .1

*************************
*************************
*************************
1 0 .1
9 .0
1 2 .5

1 6 .4
1 6 .1
1 7 .1
1 7 .3

9 .8
9 .1
8 .3
7 .9

1 5 .8
1 7 .5
1 8 .1
2 0 .8

1 8 .8
1 8 .3
1 7 .3
1 6 .1

4 1 .4
5 0 .0
5 1 .4
5 3 .4

1 9 .6
2 4 .6
- 4 .7
- 1 4 .2

1980-Q 2 .
-Q 3 .
-Q 4 .

Q1• *************************
*************************
*************************
1 0 .9
1 2 .4
9 .3

*************************
*************************
*************************
1 0 .4
6 .2
1 9 .5

1 8 .1
1 5 .0
1 2 .6
1 1 .1

6 .6
2 .8
1 .5
1 .3

2 3 .1
2 2 .7
1 9 .4
1 6 .6

1 3 .8
1 1 .0
8 .1
6 .3

5 5 .8
3 5 .0
2 6 .7
2 6 .1

- 1 1 .2
- 8 .9
- 1 .0
- 3 .0

1981-Q 2 .
-Q 3 .
-Q 4 .

Q 1. * * * * * * * * * * * * * * * * * * * * * * * * *
*************************
*************************
1 1 .7
1 0 .6
1 2 .9

*************************
*************************
*************************
6 .9
6 .8
7 .1

1 1 .3
1 1 .2
1 2 .8
1 3 .1

2. 1
5 .4
4 .7
2 .7

1 6 .0
1 6 .0
1 7 .8
1 6 .2

4 .9
2 .2
2 .4
1 .0

2 4 .6
2 4 .9
2 3 .3
1 9 .9

3 .4
- 2 7 .8
6 .1
7 3 .1

2 9 .8

7 .4

5 .8

0 .4

1976-Q 2 .
-Q 3 .
-Q 4 .

I
I__________
I
1 9 7 5 - Q 4 ...J
1 0 0 .0

STAGE OF TOTAL
5 6 .2

4 3 .8

2 7 .6

2 0 .6

7 .0

7 2 .4

2 9 .0

1976-Q 2 .
-Q 3 .
-Q 4 .

Q 1. * * * * * * * * * * * * * * * * * * * * * * * * *
*************************
*************************
1 0 0 .0
5 5 .1
4 4 .9

*************************
*************************
*************************
2 6 .8
1 9 .7
7 .1

*******************************************************
*******************************************************
*******************************************************
7 3 .2
2 9 .1
3 0 .3
7 .2
5 .6
1 .0

1977-Q 2 .
-Q 3 .
-Q 4 .

Q 1. * * * * * * * * * * * * * * * * * * * * * * * * *
*************************
*************************
1 0 0 .0
5 3 .5
4 6 .5

*************************
*************************
*************************
2 5 .3
1 8 .2
7 .1

*******************************************************
*******************************************************
*******************************************************
7 4 .7
2 8 .1
2 9 .5
7 .4
5 .9
3 .8

1978-Q 2 .
-Q 3 .
-Q 4 .

Q 1. * * * * * * * * * * * * * * * * * * * * * * * * *
*************************
*************************
1 0 0 .0
5 2 .2
4 7 .8

*************************
*************************
*************************
2 4 .6
1 6 .9
7 .6

*******************************************************
*******************************************************
*******************************************************
7 5 .4
2 6 .9
2 9 .4
7 .7
7 .6
3 .8

1979-Q 2 .
-Q 3 .
-Q 4 .

Q 1. *************************
*************************
*************************
1 0 0 .0
5 2 .4
4 7 .6

*************************
*************************
*************************
2 3 .4
1 6 .0
7 .4

*******************************************************
*******************************************************
*******************************************************
7 6 .6
2 5 .1
3 0 .8
7 .7
1 0 .1
2 .9

1980-Q 2 .
-Q 3 .
-Q 4 .

Q 1. *************************
*************************
*************************
1 0 0 .0
5 3 .1
4 6 .9

*************************
*************************
*************************
2 3 .3
1 5 .3
8 .0

*******************************************************
*******************************************************
*******************************************************
7 6 .7
2 3 .0
3 2 .3
7 .4
1 1 .5
2 .5

1981-Q 2 .
-Q 3 .
-Q 4 .

Q 1. * * * * * * * * * * * * * * * * * * * * * * * * *
*************************
*************************
1 0 0 .0
5 2 .6
4 7 .4

*************************
*************************
*************************
2 2 .3
1 4 .6
7 .7

*******************************************************
*******************************************************
*******************************************************
7 7 .7
2 1 .1
3 3 .7
6 .7
1 2 .4
3 .9




6
TABLE 112Q
FARM DEBT OUTSTANDING AT REPOBTING LENDING INSTITUTIONS

END OF
QUARTER

I
I
|
i
l
1
1
1

TOTAL

I
|
1
1
1
1

REAL ESTATE DEBT
TOTAL

INSURED
COflflERCIAL
BANKS

FEDERAL
LAND
BANKS

1 1 2 . IQ

1
1 9 7 5 - Q 4 ...J

65793.

1 9 7 6 - Q 1 .. . |
“ Q 2 ...I
- Q 3 -----i
- Q 4 ...J

67250.
71116.
73297.
75179.

1
1

1
1
1
l
1
1 9 7 7 - Q 1 ...I
77631. I
- Q 2 ...|
83388. 1
- Q 3 ...J
86947. 1
89017. 1
- Q 4 ...J
1
91251. 1
1 9 7 8 - Q 1 ...J
96381. 1
- Q 2 ...I
- Q 3 . .. | 100107. 1
- Q 4 . .. | 102837. 1
1
1 9 7 9 -Q 1 . . . | 1 0 6 1 8 2 . 1
- Q 2 ...J 113805. 1
117191. 1
- Q 4 ...I 120592. 1
1
1
1 9 8 0 - Q 1 ...I 1 2 5 4 4 0 . 1
- Q 2 ...| 130857. 1
131933. 1
- Q 4 ...J 133951. 1
1
1
1 9 8 1 - Q 1 ...| 1 39605. 1
145566. 1
148862. 1
- Q 4 ...| 151492. 1
|
j

1 9 7 7 - Q 1 ...J
- Q 3 ...|
- Q 4 ...J

1458.
3866.
2181.
1881.
2452.
5758.
3559.
2070.

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

2234.
5130.
3726.
2730.

1 9 7 9 - Q 1 ...|
- Q 2 ...I
-Q 3 -. . |
-Q 4 . . . |
1
1 9 8 0 - Q 1 ...J
- Q 2 ...J
- Q 3 ...I
- Q 4 ...1
1
1 9 8 1 - Q 1 ...J
- Q 2 -----|
- Q 3 ...|
- Q 4 ...I
I
I
I
I
I
1 9 7 6 -Q 1 . . . |
- Q 2 ...J
- Q 3 .- - |

3345.
7623.
3386.
3401.
4848.
5417.
1076.
2018.
5654.
5961.
3296.
2630.

1
l
1
1
1
1
1
1
1
1
i
1
1
1
i
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

1
2 .2
1
5 .7
1
3 .1
1
2 .6
1
1
3 .3
19 7 7 -Q 1 . . . |
I
7 .4
- Q 2 -----1
1
- Q 3 ...1
4 .3
1
2 .4
- Q 4 ...I
1
1
1 9 7 8 - Q 1 ...I
2 .5
1
- Q 2 ...|
5 .6
1
- Q 3 ...J
3 .9
1
- Q 4 ...J
2 .7
1
1
1 9 7 9 -Q 1 . . . |
3 .3
1
- Q 2 ...J
7 .2
1
- Q 3 ...|
3 .0
1
- Q 4 ...|
2 .9
1
1
4 .0
1 9 8 0 - Q 1 ...J
1
- Q 2 ...J
4 .3
1
- Q 3 ...|
0 .8
1
- Q 4 ...J
1 .5
1
)
1 9 8 1 - Q 1 ...I
4 .2
1
-Q 2 -- . |
4 .3
1
- Q 3 ...I
2 .3
1
1 .8
- Q 4 ...J
1
___1l___________. 1 .




1
I
FARMERS 1
HOME
1
ADMINIS­
TRATION 1

NON-REAL-ESTATE DEBT
TOTAL

FEDERAL FARMERS COHHODII
INSURED PRODUCTION
CREDIT
HOME
INTERMEDI­
COMMERCIAL CREDIT
CORPOR­
ATE CREDIT ADMINIS­
ASSOCIA­
BANKS
ATION
TRATION
TIONS
BAfiE§

AMOUNTS XU1 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.
43867.
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.

15361.
16688.
17452.
16045.

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.
80528355.
8519.

65259.
67963.
67438.
67926.

30481.
3105531596.
31541.

18953.
20195.
19911.
19636.

727.
755.
774.
811.

10092.
11409.
11655.
11571.

5006.
4549.
3503.
4367.

68150.
70584.
72633.
74033.

8464.
8439.
8412.
8300.

38030.
40280.
42103.
43658.

13026.
13002.
13106.
13059.

8629.
8863.
9013.
9017.

71455.
74983.
76229.
77459.

31338.
33166.
33553.
32850.

20612.
22126.
22315.
21042.

858.
958.
998.
932.

13472.
15447.
15649.
15077.

5175.
3286.
3715.
7558.

1 1 2 . 2Q
1
1 9 7 6 - Q 1 .. . I
- Q 2 ...j
“ Q3---- |
- Q 4 ...I

L IF E
INSURANCE
CCHPANIES

CHANGE FROM PREVIOUS QUARTER,

753.
1195.
1032.
1038.

-1 1 3 .
232.
161.
208.

686.
703.
579.
542.

63.
191.
179.
242.

117.
69.
113.
46.

1364.
1813.
1369.
1131.

265.
365.
265.
123.

807.
859.
684.
593.

215.
501.
336.
367.

78.
88.
84.
48.

1427.
1846.
1649.
1225.

172.
287.
229.
49.

768.
897.
808.
729.

364.
507.
404.
383.

124.
155.
208.
63.

2426.
2884.
2250.
1671.

37.
124.
67.
-1 4 1 .

1183.
1410.
1169.
1295.

429.
553.
382.
323.

777.
796.
632.
194.

2802.
2713.
1601.
1530.

-3 6 .
-8 2 .
52.
58.

1878.
2078.
1171.
1180.

250.
310.
75.
128.

711.
407.
303.
164.

2125.
2434.
2049.
1400.

-8 2 .
-2 5 .
-2 7 .
-1 1 2 .

1998.
2251.
1823.
1555.

100.
-2 6 .
104.
-4 7 .

110.
234.
150.
4.

1 1 2 .3 Q

I
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

MILLIONS OF DOLLARS

704.
2671.
1149.
844.

304.
1716.
733.
324.

376.
888.
316-1 2 5 .

-2 .
24.
24.
-2 8 .

-2 1 .
265.
44.
-1 2 4 .

48.
-2 2 3 .
32.
797.

1068.
3944.
2190939.

461.
1955.
648.
-5 6 6 .

387.
1166.
320.
-6 1 5 .

-1 6 .
41 .
15.
-4 0 .

57.
558.
209104.

199.
224.
998.
2056.

806.
3284.
2077.
1505.

-2 8 4 .
1573.
1061.
126.

-2 7 .
885.
643.
-5 3 .

-5 3 .
134.
50.
10.

944.
1402618.
-1 1 0 .

227.
-7 1 0 .
-2 9 5 .
1532.

919.
4740.
1137.
1730.

-8 4 .
1673.
1044.
191.

480.
1307.
764.
592.

-9 3 .
172.
33.
44.

220.
2234.
750.
-6 0 .

397.
-6 4 6 .
-1 4 5 5 .
963.

2046.
2704.
-5 2 5 .
488.

-5 2 3 .
574.
541.
-5 5 .

908.
1242.
-2 8 4 .
-2 7 5 .

61.
28.
19.
37.

1094.
1317.
246.
-8 4 .

505.
-4 5 7 .
-1 0 4 6 .
864.

3529.
3528.
1246.
1230.

-2 0 3 .
1828.
387.
-7 0 3 .

976.
1513.
189.
-1 2 7 2 .

47.
101.
39.
-6 6 .

1901.
1975.
202.
-5 7 2 .

808.
-1 8 8 9 .
429.
3843.

PERCENTAGE CHANGE FROM PREVIOUS QUARTER

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

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

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

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

1 7 .1
1 5 .0
1 0 .3
2 .9

4. S
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

1 0 .3
5 .3
3 .8
2 .0

3 .2
3 .6
2 .9
1 .9

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

5 .5
5 .9
4 .5
3 .7

0 .8
- 0 .2
0 .8
- 0 .4

1 .3
2 .7
1 .7
0 .0

1
1
I
1
1
1
1
1
1
1
I
1
1
1
1
1
1
1
1
1
1
1
t
1
1
1
1
1
1
1

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
1 4 .1
2 .0
- 5 .6

1 3 .3
- 5 4 .9
1 7 .7
3 7 0 .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
1 1 .6
3 .9
- 9 .8

2 .8
2 6 .2
7 .8
3 .6

1 9 .7
1 8 .5
6 9 .5
8 4 .5

1 .7
6 .9
4 .1
2 .8

- 1 .1
6 .2
3 .9
0 .4

- 0 .2
6 .6
4 .5
- 0 .4

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

3 1 .5
3 5 .6
1 1 .6
- 1 .8

5 .0
- 1 5 .1
- 7 .4
4 1 .3

1 .7
8 .5
1 .9
2 .8

- 0 .3
6 .0
3 .5
Q .6

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

- 1 8 .2
4 1 .1
5 .7
7 .0

3 .8
3 6 .8
9 .0
- 0 .7

7 .6
- 1 1 .5
- 2 9 .1
2 7 .2

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

1 2 .2
1 3 .0
2 .2
- 0 .7

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

5 .2
4 .9
1 .7
1 .6

- 0 .6
5 .8
1 .2
- 2 .1

5 .0
7 .3
0 .9
- 5 .7

5 .8
1 1 .7
4 .1
- 6 .6

1 6 .4
1 4 .7
1 .3
- 3 .7

1 8 .5
- 3 6 .5
1 3 .0
1 0 3 .5

7
TABLE 112Q (CONTINUED)
FARM DEBT OUTSTANDING AT REPOBT1NG LENDING INSTITUTIONS
REAL ESTATE DEBT
END OF
QUARTER

1

TOTAL

1
TOTAL

INSURED
COMMERCIAL
BANKS

L IF E
INSURANCE
CONPANIES

FEDERAL
LAND
BANKS
1 1 2 .4 Q

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

j *******
I
8096.
j *******
|
9386.

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

|
I
j
I

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

1
J
FARMERS 1
HOME
1
ADMINIS -1
TBATION _L

*******
253.
*******
488.

2521.
2465.
2464.
2510.

391.
435.
555.
674.

172.
166.
240.
345.

10380.
12272.
13650.
13838.

4629.
5247.
5584.
5677.

866.
999.
1103.
1018.

2631.
2787.
2891.
2942.

826.
1136.
1294.
1419.

306.
325.
296.
298.

I
I
I
I

13620.
12993.
13160.
13820.

5741.
5773.
6054.
6148.

925.
847.
811.
737.

2903.
2940.
3065.
3202.

1568.
1575.
1643.
1659.

344.
411.
535.
550.

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

1
1
1
|

14931.
17424.
17084.
17755.

7146.
8184.
8784.
9230.

602.
439.
277.
87.

3617.
4130.
4492.
5057.

1724.
1770.
1747.
1687.

1203.
1844.
2268.
2399.

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

I
I
I
I

19259.
17052.
14742.
13359.

9607.
9436.
8787.
8646.

14.
-1 9 2 .
-2 0 7 .
-8 .

5752.
6420.
6422.
6307.

1507.
1264.
958.
763.

2333.
1944.
1615.
1585.

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

I
|
I
I

14165.
14709.
16929.
17541.

7969.
7690.
8138.
8008.

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

6426.
6599.
7250.
7626.

613.
277.
306.
131.

984.
811.
658.
498.

1 1 2 .5 Q
j ******
I
1 2 .8
j ******
|
1 4 .3

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

|
I
|
I

******
4 .2
******
7 .8

1 7 .8
1 6 .5
1 5 .9
15. 7

6 .1
6 .6
8 .4
1 0 .0

5 .2
4 .9
7 .1
1 0 .3

1 5 .4
1 7 .3
1 8 .6
1 8 .4

1 4 .0
1 5 .3
1 5 .8
1 5 .6

1 4 .2
1 5 .7
1 7 .0
1 5 .2

1 5 .8
1 6 .0
1 6 .1
1 5 .9

1 2 .2
1 6 .3
1 8 .1
1 9 .2

8 .8
9 .2
8 .1
8 .1

1 9 7 8 - Q 1 . .. ,J
- Q 2 . . . >|
- Q 3 ...,|
- Q 4 ... I

1 7 .5
1 5 .6
1 5 .1
1 5 .5

1 5 .2
1 4 .6
1 4 .8
1 4 .6

1 3 .3
1 1 .5
1 0 .7
9 .5

1 5 .0
1 4 .6
1 4 .7
1 4 .9

2 0 .6
1 9 .4
1 9 .4
1 8 .8

9 .1
1 0 .7
1 3 .6
1 3 .8

1 9 7 9 - Q 1 . .. ,\
- Q 2 ... |
- Q 3 .. . , |
- Q 4 ... 1

1 6 .4
1 8 .1
1 7 .1
1 7 .3

1 6 .5
1 8 .1
1 8 .7
1 9 .2

7 .6
5 .4
3 .3
1 .0

1 6 .3
1 7 .9
1 8 .8
2 0 .5

1 8 .8
1 8 .3
1 7 .3
16. 1

2 9 .3
4 3 .3
5 0 .7
5 2 .9

1 9 8 0 - Q 1 . .. .J
- Q 2 ....|
- Q 3 . . . ,J
- Q 4 . . . .1

1 8 .1
1 5 .0
1 2 .6
1 1 .1

1 9 .0
1 7 .7
1 5 .8
1 5 .1

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

2 2 .3
2 3 .6
2 2 .6
2 1 .2

1 3 .8
1 1 .0
8 .1
6 .3

4 3 .9
3 1 .8
2 4 .0
2 2 .9

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

1 1 .3
1 1 .2
1 2 .8
1 3 .1

1 3 .2
1 2 .2
1 2 .6
1 2 .1

- 0 .6
0 .0
- 0 .9
- 2 .9

2 0 .3
1 9 .6
2 0 .8
2 1 .2

4 .9
2 .2
2 .4
1 .0

1 2 .9
1 0 .1
7 .9
5 .8

1 1 2 .6 Q

,

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

1
|
1
|1
j
j|
j
1
||
|1
]I
ji
1
|I
]|

J




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

1106.
1303.
1584.
1455.

-3 .
17.
41.
18.

694.
377.
251.
164.

*******
-1 5 .
*******
654.

3234.
3473.
3388.
2498.

1466.
1743.
1748.
1258.

4.
21.
12.
-p .

242.
535.
700.
928.

806.
1253.
2218.
3477.

1753.
1371.
1784.
2476.

844.
563.
885.
1447.

-3 7 .
56.
91.
141.

1815.
2659.
3068.
2854.

3504.
2570.
1278.
754.

2676.
2776.
2759.
2824.

1954.
2376.
2498.
3143.

101.
138.
122.
156.

2130.
2963.
3095.
3145.

924.
987.
-1 7 3 .
-7 4 2 .

2385.
1286.
783.
537.

3572.
3507.
2459.
1592.

310.
166.
151.
144.

4019.
3101.
2597.
2573.

-6 3 3 .
-4 4 4 .
-3 5 .
-1 3 3 .

857.
2111.
1957.
1309.

1659.
1930.
2404.
1406.

130.
203.
224.
121.

3380.
4038.
3994.
3506.

169.
-1 2 6 3 .
212.
3191.

1
1 ******
1 4 .9
1
1 ******
1 6 .0
1
I
1 6 .8
1
1 9 .1
1
2 1 .2
1
2 1 .0
1
1
1 9 .7
i
1 6 .5
i
1 5 .4
i
1 6 .3
i
i
1 6 .3
i
1 8 .1
i
1 5 .6
i
1 5 .6
i
i
1 7 .4
i
1 2 .6
i
9 .7
i
7 .5
i
i
9 .5
i
1 0 .3
i
1 3 .0
i
1
4 .0
i
I

******
1 6 .2
******
1 5 .3

1 1 .0
1 2 .2
1 4 .8
1 3 .5

- 0 .9
4 .8
1 1 .4
5 .3

5 8 .2
2 1 .3
1 2 .9
8 .6

******
- 7 .5
******
1 8 2 .8

1 5 .8
1 5 .7
1 4 .8
1 0 .8

1 3 .2
1 4 .5
1 4 .2
1 0 .3

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

1 2 .8
2 4 .9
3 1 .9
4 4 .8

1 9 8 .7
6 8 4 .9
1 0 3 0 .6
3 4 3 .7

7 .4
5 .4
6 .8
9 .6

6 .7
4 .1
6 .3
1 0 .8

- 1 0 .4
1 4 .2
2 2 .1
3 8 .2

8 5 .3
9 9 .0
1 0 6 .0
9 5 .2

2 8 9 .4
1 7 9 .0
5 2 .5
1 6 .8

1 0 .5
1 0 .3
9 .8
1 0 .0

1 4 .6
1 6 .6
1 6 .7
2 1 .1

3 1 .7
3 0 .7
2 4 .4
3 0 .4

5 4 .0
5 5 .4
5 1 .9
5 3 .7

1 9 .6
2 4 .6
- 4 .7
- 1 4 .2

8 .5
4 .3
2 .5
1 .7

2 3 .2
2 1 .0
1 4 .1
8 .8

7 4 .1
2 8 .1
2 4 .3
2 1 .7

6 6 .2
3 7 .3
2 8 .7
2 8 .6

- 1 1 .2
- 8 .9
- 1 .0
- 3 .0

2 .8
6 .8
6 .2
4 .2

8 .8
9 .6
1 2 .1
7 .2

1 7 .9
2 6 .9
2 9 .0
1 4 .9

3 3 .5
3 5 .4
3 4 .3
3 0 .3

3 .4
- 2 7 .8
6 .1
7 3 .1

6 0 .1

3 2 .1

1 .0

5 .7

1. 1

5 9 .8
6 0 .1
6 0 .2
5 9 .7

3 2 .5
3 2 .6
3 2 .4
3 1 .4

1 .0
1 .0
1 .0
1 .0

5 .5
5 .8
5 .8
5 .3

1 .2
0 .5
0 .6
2 .6

5 9 .3
5 8 .4
5 7 .0
5 4 .7

3 1 .5
3 1 .3
3 0 .5
2 8 .6

0 .9
0 .9
0 .9
0 .8

5 .3
6 .1
6 .3
6 .4

3 .0
3 .3
5 .3
9 .5

5 3 .2
5 2 .8
5 2 .7
5 1 .5

2 8 .1
2 8 .0
2 8 .1
2 7 .2

0 .7
0 .9
0 .9
0 .9

8 .2
1 0 .5
1 1 .2
1 0 .7

9 .9
7 .8
7 .0
9 .6

5 0 .5
4 9 .3
5 0 .1
4 9 .0

2 7 .7
2 7 .7
2 8 .4
2 8 .5

0 .8
1 .0
1 .0
1 .1

1 0 .9
1 3 .8
1 4 .7
1 4 .2

1 0 .1
8 .3
5 .8
7 .1

4 6 .7
4 5 .7
4 6 .9
4 6 .4

2 9 .0
2 9 .7
2 9 .5
2 8 .9

1 .1
1 .1
1 .1
1 .2

1 5 .5
1 6 .8
1 7 .3
1 7 .0

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

4 3 .9
4 4 .2
4 4 .0
4 2 .4

2 8 .8
2 9 .5
2 9 .3
2 7 .2

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

1 8 .9
2 0 .6
2 0 .5
1 9 .5

7 .2
4 .4
4 .9
9 .8

PERCENTAGE OF TOTAL SPE C IFIE D DEBT

1 0 0 .0

1 9 .3

4 9 .6

2 0 .8

1 0 .3

1 0 0 .0
1 0 0 .0
1 0 0 .0
1 0 0 .0

1 8 .5
1 8 .5
1 8 .4
1 8 .5

5 0 .5
5 0 .8
5 1 .0
5 1 .0

2 0 .5
2 0 .4
2 0 .3
2 0 .4

1 0 .5
1 0 .3
1 0 .3
1 0 .2

1 0 0 .0
1 0 0 .0
1 0 0 .0
1 0 0 .0

1 8 .5
1 8 .6
1 8 .6
1 8 .4

5 1 .3
5 1 .1
5 1 .1
5 1 .1

2 0 .2
2 0 .5
2 0 .7
2 1 .0

1 0 .0
9 .8
9 .6
9 .5

1 0 0 .0
1 0 0 .0
1 0 0 .0
1 0 0 .0

1 8 .2
1 8 .1
1 7 .9
1 7 .6

5 1 .2
5 1 .1
5 1 .0
5 1 .2

2 1 .1
2 1 .4
2 1 .5
2 1 .8

9 .5
9 .4
9 .5
9 .4

1 6 .8
1 6 .1
1 5 .6
1 4 .9

5 1 .1
5 1 .0
5 1 .0
5 1 .8

2 1 .6
2 1 .4
2 1 .3
2 1 .2

1 0 .5
1 1 .4
1 2 .1
1 2 .1

1 4 .2
1 3 .4
1 3 .2
1 2 .9

5 2 .5
5 3 .6
5 4 .0
5 4 .6

2 0 .6
2 0 .2
1 9 .8
1 9 .6

1 2 .7
1 2 .8
1 3 .0
1 2 .9

1 2 .4
1 2 .0
1 1 .6
1 1 .2

5 5 .8
5 7 .1
5 8 .0
5 9 .0

1 9 .1
1 8 .4
1 8 .0
1 7 .6

1 2 .7
1 2 .6
1 2 .4
1 2 .2

j|
i
j! 1 0 0 .0
]j
1 0 0 .0
j|
1 0 0 .0
j|
1 0 0 .0
i
******
||
1 0 0 .0
******
j|
1 0 0 .0
******
j|
1 0 0 .0
******
j|
1 0 0 .0
i
******
|I 1 0 0 .0
******
j
1 0 0 .0
******
||
1 0 0 .0
******
]|
1 0 0 .0
.J ____________ I1___________
******
******
******
******

1
1 *******
4777.
1
1 *******
5368.
1
5752.
1
7025.
1
8066.
1
8161.
1
1
7880.
1
7219.
1
7106.
1
7672.
1
I
7785.
1
9240.
1
8300.
1
8525.
1
1
9652.
1
7616.
1
5954.
1
4
713.
1
1
6
1
96.
1
7019.
1
8
7
5
1.
1
9533.
1
_L

PERCENTAGE CHANGE FROtt PREVIOUS YEAR

******
1 0 .7
******
1 2 .4

1
1 9 7 5 - Q 4 .• . (
1
1 9 7 6 - Q 1 . .. , |
- Q 2 ...,j
- Q 3 ...,|
- Q 4 ...,j
i
1 9 7 7 - Q 1 . .. , |
- Q 2 ..., |
- Q 3 ..., j
- Q 4 ...,|
1
1 9 7 8 - Q 1 . .. . |
- Q 2 ...,j
- Q 3 ... ]
- Q 4 ...,j
i
1 9 7 9 - Q 1 . .. , i
- Q 2 ..., |
- Q 3 ..., j
- Q 4 ..., j
i
1 9 8 0 - Q 1 . .. , j
- Q 2 . . . „j
- Q 3 .. . ,j
- Q 4 ...,j
i
1 9 8 1 - Q 1 ..« , i
- Q 2 ..., |
,
I
- Q 3 ...
- Q 4 ..., j

TOTAL

CHANGE FROM PREVIOUS YEAR, 1BILLIONS OF DOLLARS

*******
3319.
*******
4018.

1 9 7 6 -Q 1 • .
- Q 2 ...
- Q 3 ...
- Q 4 ...

NON-REAL-ESTATE DEBT
FEDERAL FARMERS COHNODIT
INSURED PRODUCTION
CREDIT
INTERMEDI­
HOME
CCMHERCIAI, CREDIT
ATE CREDIT ADM INIS- COBPORASSOCIA­
BANKS
b a n k s . . . m a i Q g . . ___ A21SULT I O N S ...

1
1 1 0 0 .0
1
1 1 0 0 .0
1 1 0 0 .0
1 1 0 0 .0
1 1 0 0 .0
i
1 0 0 .0
1
1 1 0 0 .0
1 1 0 0 .0
1 1 0 0 .0
1
1 1 0 0 .0
1 1 0 0 .0
1 1 0 0 .0
1 1 0 0 .0
1
1 1 0 0 .0
1 1 0 0 .0
1 1 0 0 .0
1 0 0 .0
1
1
1 0 0 .0
i
1 1 0 0 .0
1
0 0 .0
1
1 1 0 0 .0
I
1 1 0 0 .0
1 1 0 0 .0
1 1 0 0 .0
1 1 0 0 .0
__L.




AGRICULTURAL FINANCE DATABOOK-QUARTERLY SER IES

200

MARCH

1981

FARH LENDING OPERATIONS AND EXPERIENCE OF NONfiAHX IN STITU TIO N S

210

PRODUCTION CREDIT ASSOCIATIONS

211

LOANS OUTSTANDING

2 1 1 . 1Q
2 1 1 .2 Q
212

A C T U A L .......................................................................................................................................................
SEASONALLY ADJUSTED ANNUAL RATE...................................................................................... ..
FOUR-QUARTER HOPING T O T A L . .. . .............................. ....................................................... 1 . 1 3

RENEHALS AND COLLECTIONS

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

220

ACTUAL............................................................................................................................................................ ...
SEASONALLY ADJUSTED.........................................................................................................................

LOANS HADE AND NEH LOANS

2 1 2 . 1Q
2 1 2 .2 Q
2 1 2 . 3Q
21 3

(AGRICULTURAL LOANS, EXCEPX AS NOTED)

(SEE NOTE BELOW)

ACTUAL............................................................................................................................................................
SEASONALLY ADJUSTED ANNUAL RATE...................................................................................... ...
FOUR-QUARTER HOPING TOTAL.........................................................................................................

FEDERAL LAND BANKS (AGRICULTURAL LOANS)

221

LOANS OUTSTANDING

2 2 1 . 1Q ACTUAL..................................................................................................................................................... ..
2 2 1 . 2Q SEASONALLY ADJUSTED.........................................................................................................................
222

LOANS CLOSED

2 2 2 .1
Q ACTUAL.................................................................................................................................................... ...
2 2 2 . 2Q
SEASONALLY ADJUSTED
ANNUAL
RATE...........................................................................2 0
2 2 2 . 3Q
FOUR-QUARTER HOPING
TOTAL........................................
21
223

LOANS CLOSED AND NEH HONEY LOANED

2 2 3 . IQ
2 2 3 . 2Q
2 2 3 . 3Q
224)

REFINANCING AND REPAYHEHTS

224). IQ
224). 2Q
2 2 4 ).3 Q

230

ACTUAL......................................................................................................................................................... 2 2
SEASONALLY ADJUSTED
ANNUAL
RATE...........................................................................23
FOUR-QUARTER HOPING
TOTAL...................................................................................................24)

a c t u a l .........................................................................................................................................................2 5

SEASONALLY ADJUSTED
FOUR-QUARTER HOPING

ANNUAL
BATE...........................................................................2 6
TOTAL...................................................................................................2 7

L IF E INSURANCE CONPAHIES

231

FARH HORTGAGES OUTSTANDING AND ACQUIRED

2 3 1 . 1Q
2 3 1 .2 Q
2 3 1 . 3Q
232

ACTUAL......................................................................................................................................................... 2 8
SEASONALLY ADJUSTED...................................................................................................................... 2 9
FOUR-QUARTER HOPING TOTAL (HORTGAGESACQUIRED ONLY)..........................
30

FARH HOBTGAGE COHHIXHBHTS— OUTSTANDING AND NEH

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

SOURCES:

ACTUAL......................................................................................................................................................... 31
SEASONALLY ADJUSTED...................................................................................................................... 3 2
FOOR-QUARIER HOPING TOTAL (NEHCOHHITHSNTS ONLY).............................................. 3 3

NPRODUCTION CREDIT ASSOCIATIONS— SELECTED HONTHLY LOAN DATA,"
SUPERPISORY D IP IS IO N , FARH CREDIT AD HIHISIBA TIO H;
"FEDERAL LAND BANKS— SUHHARY OF SELECTED HONTHLY LOAN DATA,"
TECHNICAL SERPICES D IP IS IO N , FARH CREDIT ADHINISTRATION$
"DISTRIBUTION OF INPESTHENTS OF U .S . L IF E INSURANCE CO HPA NIBS,"
AND "FORHARD INPESTHENT COHHITHSNTS OF REPORTING L IF E INSURANCE
CO NPA HIES," AHERICAN COUNCIL OF L IF E INSURANCE.

DATA IN TH IS SECTION ABE OBTAINED FROH TIHBLY HONTHLY REPORTS, HOST OF HHICH
ARB NOT RRF1SRD TO REFLBCT LATER CHANGES OR CORRECTIONS.
I F ONLY YEAR-END
DATA ON OUTSTANDING LOAN POLUHE ARE REQUIRED, USE THE SER IES IN SECTION 100
OF t h e f t S f i l g m i B l t a g l M B g g . g m g Q g i z z & l i l i f l A l u g S m g .
FOR PRODUCTION CREDIT ASSOCIATIONS, DATA ON LOANS OUTSTANDING AND LOANS HADE
DO NOT INCLUDE RURAL HOHE LOANS, FARH-RELATED BUSINESS LOANS, OR AQUATIC
LOANS.
DATA ON COLLECTIONS AND RENEHALS DO INCLUDE THBSB LOANS; HOHEPER,
THESE TYPES OF LOANS REPRESENTED ONLY 2 . 6 PERCENT OF TOTAL OUTSTANDING LOANS
AT PRODUCTION CREDIT ASSOCIATIONS AS OF DECEHBEB 1 9 8 0 .

9

TABLE

2 1 1 . IQ
PRODUCTION CREDIT ASSOCIATIONS
LOANS OUTSTANDING

|
AMOUNT
1
i
MILLIONS OF DOLLARS
1 _______
_
.
I
END OF | CHANGE FROM PREVIOUS
1 QUARTER i
_ i _____________ i___a g A i s s s ______ n i g ____
1
1 9 6 1 -Q 1 ____ !
1622.
132.
137.
1814.
144.
- Q 2 . . . . .{
192.
1806.
-7 .
- Q 3 ------- . )
163.
- Q 4 ------- . )
1652.
-1 5 5 .
161.

END OF
QUARTER

PERCENTAGE CHANGE
FROM PREVIOUS
QUARTER

YEAR

8 .8
1 1 .8
- 0 .4
- 8 .6

9 .2
8 .6
9 .9
1 0 .8

1 9 6 2 - Q l.• . «
- Q 2 ------- .1
- 0 3 ------ I
-Q**------- . j

1773.
1994.
1982.
1855.

121.
222.
-1 3 .
-1 2 7 .

151.
181.
175.
203.

7 .3
1 2 .5
- 0 .6
- 6 .4

9 .3
1 0 .C
9 .7
1 2 .3

1 9 6 3 - Q 1 ------- . |
**Q2 . . . . )
-Q 3 ------- |
- Q 4 ------ .1

2031.
2300.
2298.
2123.

176.
270.
-2 .
-1 7 5 .

258.
306.
316.
268.

9 .5
1 3 .3
- 0 .1
- 7 .6

1 4 .5
1 5 .3
1 6 .0
1 4 .5

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

.1
.!
.1
.1

2278.
2533.
2514.
2296.

154.
255.
-1 9 .
-2 1 7 .

247.
232.
215.
173.

7 .3
1 1 .2
- 0 .8
- 8 .6

1 2 .2
1 0 .1
9 .4
8 .1

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

i
.J
.|
.1

2446.
2743.
2753.
2598.

150.
297.
10.
-1 5 4 .

169.
210.
239.
302.

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

7 .4
8 .3
9 .5
1 3 .2

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

.1
.(
.1
.1

2806.
3146.
3139.
3042.

207.
341.
-8 .
-9 7 .

359.
403.
386.
444.

8 .0
1 2 .1
- 0 .2
- 3 .1

1 4 .7
1 4 .7
1 4 .0
1 7 .1

1 9 6 7 —Q 1. . . .
- Q 2 ------- Q 3 ------- Q 4 -------

.|
.1
.1
.|

3292.
3652.
3608.
3551.

250.
359.
-4 4 .
-5 7 .

487.
505.
469.
509.

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

1 7 .3
1 6 .1
1 4 .9
1 6 .7

1 9 6 8 -Q 1 ____ i
-Q 2 ------- . |
- Q 3 ------- .1
- Q 4 ------- . |

3777.
4097.
3983.
3861.

226.
320.
-1 1 4 .
-1 2 2 .

485.
445.
375.
310.

6 .4
8 .5
- 2 .8
- 3 .1

1 4 .7
1 2 .2
1 0 .4
8 .7

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

4147.
4569.
4510.
4533.

286.
422.
-5 9 .
23.

370.
472.
527.
672.

7 .4
1 0 .2
- 1 .3
0 .5

9 .8
1 1 .5
1 3 .2
1 7 .4

1 9 7 0 - Q 1 .... • I
- Q 2 ------- . J
- Q 3 ------- .1
- Q 4 ------- .1

4910.
5359.
5257.
5334.

377.
449.
-1 0 1 .
77.

763.
790.
747.
801.

8 .3
9 .1
- 1 .9
1 .5

1 8 .4
1 7 .3
1 6 .6
1 7 .7

1 9 7 1 - Q 1 .. . • . i
- Q 2 ------- . |
- Q 3 ------- . (
- Q 4 ------- . J

5759.
6273.
6191.
6116.

425.
514.
-8 3 .
-7 5 .

849..
914.
933.
781.

8 .0
8 .9
- 1 .3
- 1 .2

1 7 .3
1 7 .1
1 7 .7
1 4 .6

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

6433.
6832.
6634.
6635.

318.
399.
-1 9 8 .
1.

674.
559.
444.
519.

5 .2
6 .2
- 2 .9
0 .0

1 1 .7
8 .9
7 .2
8 .5

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

6964.
7498.
7683.
7853.

329.
534.
185.
171.

530.
666.
1048.
1218.

5 .0
7 .7
2 .5
2 .2

8 .2
9 .7
1 5 .8
1 8 .4

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

.!
.1
.1
.|

8206.
9091.
9432.
9502.

352.
885.
341.
70.

1242.
1593.
1749.
1649.

4 .5
1 0 .8
3 .8
0 .7

1 7 .8
2 1 .2
2 2 .8
2 1 .0

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

10011.
10703.
10737.
10742.

509.
692.
34.
4.

1805.
1612.
1305.
1240.

5 .4
6 .9
0 .3
0 .0

2 2 .0
1 7 .7
1 3 .8
1 3 .0

1 9 7 6 - Q 1 .... . |
- Q 2 ------- . ]
-Q 3 .. • • • |
- Q 4 ------- . |

11117.
12006.
12321.
12196.

376.
888.
316.
-1 2 5 .

1106.
1303.
1584.
1455.

3 .5
8 .0
2 .6
- 1 .0

1 1 .0
1 2 .2
1 4 .8
1 3 .5

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

12583.
13749.
14069.
13454.

387.
1166.
320.
-6 1 5 .

1466.
1743.
1748.
t2 5 8 .

3 .2
9 .3
2 .3
- 4 .4

1 3 .2
1 4 .5
1 4 .2
1 0 .3

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

13427.
14312.
14955.
14901.

-2 7 .
885.
643.
-5 3 .

844.
563.
885.
1447.

- 0 .2
6 .6
4 .5
- 0 .4

6 .7
4. 1
6 .3
1 0 .8

.1
.|
.|
.|
1
1 9 S 0 - Q 1 .. • . .1
- Q 2 ------- . |
- C 3 ------- .1
- Q 4 --------. |

15381.
16688.
17452.
18045.

480.
1307.
764.
592.

1954.
2376.
2498.
3143.

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

1 4 .6
1 6 .6
1 6 .7
2 1 .1

18953.
20195.
19911.
19636.

908.
1242.
-2 8 4 .
-2 7 5 .

3572.
3507.
2459.
1592.

5 .0
6 .6
- 1 .4
- 1 .4

2 3 .2
2 1 .0
1 4 .1
8 .8

1 9 8 1 - Q 1 . . . . .1
- Q 2 ------- . !
- Q 3 . . . . .1
- Q 4 ------- . |

20612.
22126.
22315.
21042.

976.
1513.
189.
-1 2 7 2 .

1659.
1930.
2404.
1406.

5 .0
7 .3
0 .9
- 5 .7

8 .8
9 .6
1 2 .1
7 .2

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




|
NUMBER OF BORRONEBS
AVERAGE S IZ E
i
i
____________
1
PERCENTAGE
1
1 PERCENTAGE CHANGE |
FROM PREVIOUS
|
CHANGE
1
I
FROM
J THOUSANDS!
1 DOLLARS
1 QUARTER
YEAR
J
PREVIOUS
1
_____ L_
J—
__________ i m ------1
1
2 8 0 .4
5783.
6 .4
1 0 .3
2 .6
1
!
296. 1
6126.
5 .6
1 .5
7 .1
1
1
2 8 5 .7
7 .4
- 3 .5
2 .3
6323.
1
1
2
6
1
.
3
8
.
5
2
.
8
6
3
2
1
.
7
.8
1
1
1
1
2
8
1
.
7
7
.
8
0
.
5
8 .8
6292.
1
1
2 9 8 .7
6 .0
0 .9
6677.
9 .0
1
i
2 8 8 .8
- 3 .3
1 .1
6861.
8 .5
1
1
2 6 9 .0
- 6 .9
2 -9
6897.
9 .1
i
1
J
1
2 9 0 .8
6 .1
3 .2
6984.
1 1 .0
1
1
3 0 8 .0
5 .9
3 .1
7469.
1 1 .9
1
1
3 0 0 .8
7640.
- 2 .3
4 .2
1 1 .3
1
1
2
8
1
.
5
6
.
4
4
.
7
7
5
4
2
.
9 .4
1
1
1
1
2
9
9
.
3
6
.
3
3
.
0
7
6
0
9
.
8 .9
1
1
3 1 3 .6
4 .8
1 .8
8077.
8 .1
1
1
3
0
8
.
1
1
.
8
2
.
4
8159.
6 .8
1
1
2 8 8 .2
- 6 .4
2 .4
7966.
5 .6
I
1
1
1
3 0 1 .7
4 .7
0 .8
8107.
6 .6
1
!
3 1 5 .8
4 .6
0 .7
8687.
7 .6
1
1
3 1 0 .2
- 1 .8
0 .7
8875.
8 .8
1
1
2
9
3
.
8
5
.
3
1
.
9
8
8
4
4
.
1
1 .0
1
1
1
1
3
0
5
.
9
4
.1
1
.
4
9
1
7
0
.
1
3
.1
1
1
3 1 9 .5
4 .4
1 .2
9847.
1 3 .4
1
1
3
1
5
.
3
1
.
3
1
.
6
9
9
5
6
.
1
2
.2
1
I
2 9 9 .4
- 5 .0
10161.
1 .9
1 4 .9
I
1
1
1
3 1 0 .6
3 .7
1 .5
10600.
1 5 .6
1
1
3 2 2 .8
3 .9
1 .0
11313.
1 4 .9
1
1
3 1 9 .3
- 1 .1
1 .3
11300.
1 3 .5
1
1
3 0 6 .5
- 4 .0
2 .4
11587.
1 4 .0
1
1
1
1
3 1 5 .3
2 .9
1 .5
11960.
1 3 .0
1
1
3 2 3 .6
2 .6
0 .3
12660.
1 1 .9
1
1
3
1
8
.
0
1
.
7
0
.
4
1
2
5
2
5
.
1 0 .8
i
1
- 4 .4
12704.
3 0 3 .9
- 0 .8
9 .6
1
1
1
1
3 1 2 .0
2 .6
- 1 .1
13293.
1 1 .0
1
1
3 2 0 .1
2 .6
- 1 .1
14275.
1 2 .8
i
1
1 4 .9
3 1 3 .3
- 2 .1
- 1 .5
143961
1
3 0 1 .2
- 3 .9
- 0 .9
15050.
1 8 .5
1
1
!
1
15935.
1 9 .9
3 0 8 .1
2 .3
- 1 .2
1
1
3 1 4 .1
1 9 .5
1 .9
- 1 .9
17062.
1
1
17000.
1 8 .1
3 0 9 .3
- 1 .5
- 1 .3
1
J
2 9 8 .2
- 3 .6
- 1 .0
17891.
1 8 .9
i
J
i
J
3 0 7 .4
18734.
1 7 .6
3 .1
- 0 .2
1
1
3 1 6 .1
2 .8
0 .7
19843.
1 6 .3
1
1
- 0 .8
1 .4
1 6 .1
3 1 3 .6
19737.
1
\
1 2 .5
3 0 3 .8
- 3 .1
1 .9
20128.
i
1
1fl
1
1 0 .1
2 .6
1 .5
3 1 1 .9
20628.
i
1
7 .6
21359.
3 1 9 .9
2 .6
1 .2
J
1
0 .8
6 .3
3 1 6 .3
- 1 .1
20977.
I
1
- 2 .4
6 .8
3 0 8 .7
1 .6
21496.
1
1
J
I
3 1 4 .7
2 .0
22127.
7 .3
0 .9
1
1
0 .4
23340.
9 .3
3 2 1 .2
2 .1
i
i
1
4 .5
0
.
4
2
4
0
1
4
.
3
1
9
.
9
1
.
2
1
1
1 7 .1
- 2 .5
1 .0
25180.
3 1 1 .9
1
1
I
J
2 .3
1 .3
25731.
1 6 .3
3 1 8 .9
1
1
2 .5
1 8 .3
3 2 9 .3
3 .3
27605.
l
!
0 .4
28531.
1 8 .8
3 3 0 .6
3 .3
1
1
2
9
3
4
4
.
1
6 .5
3
2
3
.
8
2
.
0
3
.
8
1
1
11
1
1 6 .6
3 3 3 .6
4 .6
3 .0
30010.
I
1
1 4 .5
2 .8
3 3 8 .5
1 .5
31618.
1
1
1 1 .8
- 0 .6
3 3 6 .6
1 .6
31902.
i
1
1 1 .4
3 2 8 .7
- 2 .3
1 .5
32682.
1
1
1
1
1 0 .8
1 .7
0 .2
33250.
3 3 4 .3
1
1
1 1 .0
3 4 2 .0
1 .0
35106.
2 .3
1
1
1 3 .0
3
4
1
.
9
0
.
0
1
.
6
3
6
0
3
6
.
I
1
- 1 .8
1 1 .2
3 3 5 .6
2 .1
36338.
1
1
1
1
3 4 1 .7
2 .2
36828.
1 0 .8
1 .8
1
1
1 1 .8
3 5 0 .4
2 .6
2 .5
39233.
1
1
1 1 .4
2 -5
3 5 0 .6
0 .0
40130.
1
1
8 .0
3 4 2 .8
- 2 .2
2 .1
39253.
1
1
1
i
1
3 4 3 .7
0 .6
39067.
6 .1
0 .3
1
1
4 .4
40971.
3 4 9 .3
1 .6
- 0 .3
1
1
0 .4
0 .1
3 5 0 .8
42625.
6 .2
1
1
7 .4
3 5 3 .4
0 .7
3 .1
42162.
1
I
1
1
1 2 .5
3 5 0 .0
- 1 .0
1 .8
43945.
1
1
1 3 .6
2 .6
2 .4
46544.
3 5 8 .5
1
1
1 3 .7
0 .4
2 .6
3 6 0 .0
48482.
1
1
1 9 .5
3 5 6 .0
- 0 .5
1 .3
50399.
1
1
1
1
1 8 .1
3 6 5 .1
2 .0
51905.
4 .3
1
1
1 6 .1
2 .3
4 .2
54049.
3 7 3 .6
1
1
53766.
1 0 .9
3 7 0 .3
- 0 .9
2 .9
t
1
6 .8
3 6 4 .8
53822.
- 1 .5
1 .9
1
1
1
1
2 .4
55144.
2 .5
3 7 3 .8
6 .2
1
1
2 .4
2 .4
57800.
6 .9
3 6 2 .8
1
1
8 .8
58498.
3 8 1 .5
- 0 .3
3 .0
1
1
56577.
5 .1
3 7 1 .9
- 2 .5
1 .9
1
1

10

ZABLE 211.2Q

PBODUCTION CBEDIT ASSOCIATIONS
LOANS OUTSTANDING
SEASONALLY-ADJUSTED DATA

NU4B2B OF BOBBONEBS
END OF
Q0ABTEB

I

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

1659.
1692.
1743.
1778.

211.
136.
212.
145.

139.
135.
159.
169.

1 3 .1
8 .2
1 2 .6
8 .3

9 .2
8 .7
1 0 .0
1 0 .5

1814.
1863.
1917.
1992.

148.
204.
227.
318.

155.
171.
174.
214.

8 .3
1 1 .3
1 2 .2
1 6 .6

9 .3
1 0 .1
1 0 .0
1 2 .0

2076.
2152.
2231.
2272.

356.
32*.
333.
168.

262.
289.
314.
280.

1 7 .S
1 5 .6
1 5 .5
7 .5

1 4 .4
1 5 .5
1 6 .4
1 4 .0

2325.
2375.
2451.
2447.

220.
205.
319.
-1 5 .

249.
222.
220.
175.

9 .7
8 .8
1 3 .4
- 0 .6

1 2 .0
1 0 .3
9 .8
7 .7

2493.
2578.
2698.
2758.

188.
361.
512.
251.

168.
204.
247.
311.

7 .7
1 4 .5
1 9 .8
9 .3

7 .2
8 .6
1 0 .1
1 2 .7

2851.
2966.
3094.
3216.

391.
487.
546.
517.

359.
387.
396.
457.

1 4 .2
1 7 .1
1 6 .4
1 6 .7

1 4 .4
1 5 .0
1 4 .7
1 6 .6

3335.
3452.
3576.
3737.

503.
497.
520.
689.

483.
487.
482.
521.

1 5 .7
1 4 .9
1 5 .1
1 9 .3

1 7 .0
1 6 .4
1 5 .6
1 6 .2

3812.
3885.
3966.
4043.

312.
300.
334.
318.

478.
433.
391.
307.

8 .4
7 .9
8 .6
8 .0

1 4 .3
1 2 .5
1 0 .9
8 .2

4171.
4346.
4504.
4724.

537.
741.
670.
944.

359.
460.
538.
680.

1 3 .3
1 7 .8
1 5 .4
2 1 .0

9 .4
1 1 .6
1 3 .6
1 6 .8

4927.
5111.
5253.
5529.

869.
779.
592.
1193.

756.
766.
749.
806.

1 8 .4
1 5 .8
1 1 .6
2 2 .7

1 8 .1
1 7 .6
1 6 .6
1 7 .1

5775.
6002.
6175.
6307.

1049.
966.
722.
543.

847.
891.
922.
778.

1 9 .0
1 6 .7
1 2 .0
8 .8

1 7 .2
1 7 .4
1 7 .5
1 4 .1

6455.
6558.
6597.
6811.

615.
423.
154.
900.

681.
556.
421.
504.

9 .8
6 .6
2 .3
1 3 .6

1 1 .8
9 .3
6 .8
8 .0

7003.
7222.
7609.
8032.

801.
918.
1677.
1838.

548.
664.
1012.
1221.

1 1 .8
1 3 .1
2 3 .2
2 4 .1

8 .5
1 0 .1
1 5 .3
1 7 .9

8278.
8786.
9302.
9692.

1033.
2224.
2255.
1658.

1276.
1564.
1693.
1660.

1 2 .9
2 6 .9
2 5 .7
1 7 .8

1 8 .2
2 1 .7
2 2 .3
2 0 .7

10138.
10377.
10553.
10938.

1912.
991.
721.
1629.

1859.
1591.
1250.
1247.

1 9 .7
9 .8
6 .9
1 5 .4

2 2 .5
1 8 .1
1 3 .4
1 2 .9

11291.
11668.
12084.
12409.

1482.
1581.
1756.
1355.

1153.
1291.
1531.
1471.

1 3 .5
1 4 .0
1 5 .0
1 1 .2

1 1 .4
1 2 .4
1 4 .5
1 3 .4

12802.
13377.
13794.
13687.

1650.
2459.
1748.
-4 2 6 .

1511.
1710.
1711.
1278.

1 3 .3
1 9 .2
1 3 .1
- 3 .1

1 3 .4
1 4 .7
1 4 .2
1 0 .3

13664.
13927.
14680.
15171.

-8 8 .
1082.
3264.
2063.

862.
550.
886.
1484.

- 0 .6
7 .9
2 3 .4
1 4 .1

6 .7
4 .1
6 .4
1 0 .0

15640.
16233.
17159.
18371.

1967.
2508.
4036.
5383.

1976.
2306.
2479.
3200.

1 3 .0
1 6 .0
2 4 .9
3 1 .4

1 4 .5
1 6 .6
1 6 .9
2 1 .1

19267.
19637.
19613.
20002.

3854.
1524.
-9 3 .
1602.

3626.
3404.
2454.
1631.

2 1 .0
7 .9
- 0 .5
8 .2

2 3 .2
2 1 .0
1 4 .3
8 .9

20935.
21502.
22009.
21445.

4003.
2361.
2100.
-2 1 6 9 .

1669.
1866.
2396.
1443.

2 0 .0
1 1 .3
8
~ 9 .9

8 .7
9 .5
1 2 .2
7 .2

I
1 9 6 2 - Q l.• •
- Q 2 .# .
-Q 3* » •
- Q 9 ...
I
1 9 6 3 -Q 1 • • •
- Q 2 .. .
- Q 3 ...
- Q 4 ...
l

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

I
1 9 6 5 - Q 1 ...
- Q 2 ...
- Q 3 ...
- Q 4 ... -•I
I
1 9 6 6 - Q 1 ...
- Q 2 . . . • •I
- Q 3 ...
- Q 4 ...
1
1 9 6 7 - Q 1 .-,
- Q 2 ... • -I
- 0 3 ...
- Q 4 ...
1
1 9 6 8 - Q 1 ...
- Q 2 ...
- 0 3 ...
- Q 4 ...
1
1 9 6 9 - Q 1 ...
- Q 2 ...
- 0 3 ...
- 0 4 ...
1
1 9 7 0 - Q 1 ...
- 0 2 ...
- 0 3 ...
- Q 4 .. .
i
1 9 7 1 - Q 1 .• •
- Q 2 ...
-Q 3 .••
- Q 4 ...
1
1 9 7 2 - Q 1 .. •
- Q 2 ...
- Q 3 ...
- Q 4 ...
1
1 9 7 3 - Q 1 ...
- Q 2 ...
- Q 3 ...
- Q 4 ...
1
1 9 7 4 - Q 1 ...
- Q 2 ...
- Q 3 ...
- 0 4 ...
i
1 9 7 5 - Q 1 ...
- Q 2 .••
- 0 3 ...
- Q 4 ...
1
1 9 7 6 -Q 1 .••
- Q 2 ...
- 0 3 ...
- Q 4 ...
1
1 9 7 7 - Q 1 ...
- Q 2 .••
- Q 3 ...
- Q 4 ...
1 9 7 8 - Q 1 ...
- 0 2 ...
- 0 3 ...
- Q 4 ...
1
1 9 7 9 - Q 1 ...
- 0 2 ...
- 0 3 ...
- Q 4 ...
1
1 9 8 0 - Q 1 ...
- Q 2 ...
- 0 3 ...
- Q 4 ...
1
1 9 8 1 - Q 1 ...
- 0 2 ...
- 0 3 ...
- 0 4 ...
___ L




a YSRAGE

1 PEBCENZAGE CHANGE
FBOH PBEYIOOS
1
1
ZHOOSAKOSI
|
DOLLARS
1
1
YEAB
1 QOABZEB
1
(SAAR)_________
________ L .
- J ______________

t
BILLIONS OF DOLLARS
|
PEBCENZAGE CHANGE
FBOH PREVIOUS
1
i
1
j! CHANGE FBOH PBETIOOSI
|
END OF j1
, • . __ - .........1
QUARTER
YEAS
QUABTER
YEAR
|
|
QUARTER ||
- J ---------------------11 JSA A fii_________________ l_ — ig A A f l______________
1
1
1
1
1
1
4
1
1
J
1
1
1
J
1
1
1
1
1
1
1
1
1
1

2 7 9 .9
2 8 0 .6
2 8 2 .0
2 7 8 .7

1 1 .9
1 .1
1 .9
- 4 .5

2 .6
1 .7
2 .3
2 .4

2 8 1 .4
2 8 4 .1
2 8 5 .1
2 8 5 .9

3 .8
3 .9
1 .4
1 .1

0 .5
1 .2
1 .1
2 .6

2 9 0 .5
2 9 4 .2
2 9 6 .9
2 9 7 .8

6 .6
5 .2
3 .7
1 .2

3 .2
3 -5
4 .1
4 .1

2 9 9 .4
3 0 0 .8
3 0 4 .0
3 0 3 .2

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

3 .0
2 .3
2 .4
1 .8

3 0 2 .1
3 0 4 .2
3 0 6 .2
3 0 7 .4

- 1 .4
2 .8
2 .6
1 .6

0 .9
1 .1
0 .7
1 .4

1
1

3 0 6 .6
3 0 9 .1
3 1 1 .5
3 1 1 .7

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

1 .5
1 .6
1 .7
1 .4

3 1 1 .3
3 1 3 .3
3 1 5 .9
3 1 7 .7

- 0 .5
2 .5
3 .4
2 .3

1 .6
1 .4
1 .4
1 .9

3 1 6 .1
3 1 5 .0
3 1 5 .0
3 1 4 .0

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

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

3 1 2 .7
3 1 2 -3
3 1 0 .7
3 1 0 .3

- 1 .7
- 0 .5
- 2 .0
- 0 .5

- 1 .1
- 0 .9
- 1 .4
- 1 .2

3 0 8 .7
3 0 7 .0
3 0 6 .8
3 0 6 .3

- 2 .0
- 2 .2
- 0 .2
**0.7

- 1 .3
- 1 .7
- 1 .2
- 1 .3

3 0 7 .9
3 0 9 .5
3 1 1 .2
3 1 1 .3

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

- 0 .3
0 .8
1 .4
1 .6

3 1 2 .3
3 1 3 .6
3 1 3 .7
3 1 5 .5

1 .2
1 .7
0 .1
2 .3

1 .4
1 .3
0 .8
1 .4

3 1 5 .1
3 1 5 .4
3 1 7 .3
3 1 8 .2

- 0 .5
0 .4
2 .4
1 .1

0 .9
0 .6
1 .1
0 .8

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

1 .6
5 .7
5 .0
2 .3

1 .4
2 .7
3 .3
3 .6

3 3 4 .3
3 3 3 .4
3 3 3 .8
3 3 4 .1

5 .7
- 1 .1
0 .4
0 .4

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

3 3 5 .3
3 3 7 .2
3 3 9 .1
3 4 0 .7

1 .5
2 .3
2 .3
1 .9

0 .3
1 .1
1 .6
2 .0

3 4 2 .9
3 4 5 .8
3 4 7 .9
3 4 7 .6

2 .6
3 .4
2 .4
- 0 .3

2 .3
2 .5
2 .6
2 .0

3 4 5 .1
3 4 4 .7
3 4 8 .4
3 5 8 .4

- 2 .8
- 0 .5
4 .3
1 2 .0

0 .7
- 0 .3
0 .1
3 .1

3 5 1 .5
3 5 3 .8
3 5 7 .6
3 6 2 .8

- 7 .5
2 .6
4 .5
5 .9

1 .8
2 .6
2 .7
1 .2

3 6 7 .0
3 6 8 .7
3 6 8 .2
3 6 9 .8

4 .7
1 .8
- 0 .5
1 .8

4 .4
4 .2
2 .9
1 .9

3 7 5 .7
3 7 7 .6
3 7 9 .5
3 7 7 .2

6 .5
2 .0
2 .0
- 2 .4

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

1I

1
1

1
1
!
1
1
1
1
4
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

1
1
1

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
4
1
I
1
1
1
1
4
1
1
1
1
1
1
1
1

1
1
1
1
4
1
i
l

S IZ E
PERCENTAGE
CHANGE
FPOH
PBEYIOOS
YEAB

5928.
6029.
6180.
6379.

6 .4
6 .9
7 .6
7 .9

6447.
6557.
•3724.
6967.

8 .8
8 .8
8 .8
9 .2

7145.
7316.
7515.
7630.

1 0 .8
1 1 .6
1 1 .8
9 .5

7767.
7893.
8061.
8071.

8 .7
7 .9
7 .3
5 .8

8250.
8475.
8810.
8972.

6 .2
7 .4
9 .3
1 1 .2

9300.
9596.
9930.
10316.

1 2 .7
1 3 .2
1 2 .7
1 5 .0

10710.
11020.
11319.
11760.

1 5 .2
1 4 .8
1 4 .0
1 4 .0

1
1

12061.
12334.
12589.
12876.

1 2 .6
1 1 .9
1 1 .2
9 .5

1
1
1
1
1

13342.
13916.
14499.
15224.

1 0 .6
1 2 .8
1 5 .2
1 8 .2

15962.
16651.
17123.
18051.

1 9 .6
1 9 .7
1 8 .1
1 8 .6

18757.
19395.
19845.
20258.

1 7 .5
1 6 .5
1 5 .9
1 2 .2

20672.
20913.
21028.
21586.

1 0 .2
7 .8
6 .0
6 .6

22223.
22896.
23980.
25245.

7 .5
9 .5
1 4 .0
1 7 .0

25919.
27127.
28377.
29396.

1 6 .6
1 8 .5
1 8 .3
1 6 .4

1

30325.
31124.
31617.
32744.

1 7 .0
1 4 .7
1 1 .4
1 1 .4

1
1
1
1
1

33674.
34598.
35633.
36423.

1 1 .0
1 1 .2
1 2 .7
1 1 .2

37334.
38685.
39651.
39376.

1 0 .9
1 1 .8
1 1 .3
8 .1

39591.
40398.
42135.
42327.

6 .0
4 .4
6 .3
7 .5

44496.
45886.
47978.
50634.

1 2 .4
1 3 .6
1 3 .9
1 9 .6

52494.
53266.
53271.
54089.

1 8 .0
1 6 .1
1 1 .0
6 .8

55724.
56943.
58001.
56838.

6 .2
6 .9
8 .9
5 .1

1
1
1
i
1
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
I

1
1
1

1
1

1
1
1

1
1
J
J
4
1
1
1
1
1
1
1
1
1
1

1
1
1

1
1
1

1
1
4
1
1
1
4
4
1
4
4

1

4
4
4
1
1
4
4
4

1
1
1
1
4
1

11

IABLE

2 1 2 . 1Q

PRODUCTION CREDIT ASSOCIATIONS
LOANS HADE AND HEN LOANS
NEB LOANS

LOANS HADE
QUARTER

MILLIONS |
PEPCENT AGE CHANGE
FBOH PREVIOUS
OF
|
DOLLARS |
_
TEAR
1 _ QUARTER

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

BILLIONS |
OF
|
DOLLARS |
1

PERCENTAGE CHANGE
FBOH PREVIOUS

1
AS PERCENTAGE O f
1
| LOANS OUT- COLLEC­
TIONS
1 STANDING*

QUARTER

TEAR

1 9 6 1 -Q 1 ............
- Q 2 ...........
“ Q3...........
“ Q4...........

799.
678.
562.
830.

6 .0
- 1 5 .2
- 1 7 .0
4 7 .6

1 3 .6
5 .8
1 0 .3
1 0 .1

54.
42.
31.
46.

203.
210.
125.
113.

526.
515.
441.
580.

1. 1
- 2 .0
- 1 4 .3
3 1 .5

1 2 .8
5 .4
9 .3
1 1 .6

35.
32.
24.
32.

134.
160.
98.
79.

196 2 —Q1...........
- Q 2 ............
- Q 3 ...........
- Q 4 ............

866.
763.
631.
957-

4 .3
- 1 1 .8
- 1 7 .3
5 1 .6

8 .3
1 2 .6
1 2 .3
1 5 .3

52.
43.
32.
48.

198.
217.
124.
119.

559.
574.
498.
681.

- 3 .6
2 .6
- 1 3 .3
3 6 .8

6 .4
1 1 .5
1 2 .8
1 7 .3

34.
32.
25.
34.

128.
163.
98.
84.

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

968.
866.
697.
1020.

1 .2
- 1 0 .6
- 1 9 .5
4 6 .5

1 1 .8
1 3 .4
1 0 .3
6 .6

52.
43.
30.
44.

213.
228.
127.
118.

629.
650.
547.
691.

- 7 .5
3 .3
- 1 5 .9
2 6 .4

1 2 .5
1 3 .3
9 .9
1 .6

34.
32.
24.
30.

139.
171.
100.
80.

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

1062.
892.
699.
1053.

4 .1
-1 6 . 1
- 2 1 .6
5 0 .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
- 1 8 .6
2 8 .3

6 .2
1 .2
- 2 .1
- 0 .6

31.
29.
21.
27.

130.
164.
97.
76.

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

1114.
986.
796.
1240.

5 .8
- 1 1 .5
- 1 9 .2
5 5 .8

4 .6
1 0 .5
1 4 .0
1 7 .8

48.
40.
29.
45.

209.
224.
129.
125.

683.
737.
626.
842.

- 0 .6
7 .9
- 1 5 .1
3 4 .4

2 .2
1 2 .1
1 6 .9
2 2 .5

30.
30.
23.
31.

128.
168.
102.
85.

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

1347.
1144.
957.
1366.

8 .6
- 1 5 .1
- 1 6 .3
4 2 .8

2 1 .0
1 6 .0
2 0 .2
1 0 .1

52.
41.
30.
44.

206.
214.
125.
135.

862.
875.
762.
920.

2 .4
1 .4
- 1 2 .9
2 0 .7

2 6 .2
1 8 .6
2 1 .7
9 .2

33.
31.
24.
29.

132.
164.
99.
91.

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

1519.
1288.
1048.
1573.

1 1 .2
- 1 5 .2
- 1 8 .6
5 0 .0

1 2 .7
1 2 .6
9 .6
1 5 .1

50.
39.
29.
44.

222.
218.
123.
140.

935.
953.
811.
1067.

1 .6
2 .0
- 1 4 .9
3 1 .5

8 .4
9 .0
6 .5
1 6 .0

31.
29.
22.
30.

137.
161.
95.
95.

1 9 6 8 -Q 1 ...........
- 3 2 ...........
- 3 3 ...........
- 3 4 ...........

1723.
1408.
1167.
1755.

9 .6
- 1 8 .3
- 1 7 .1
5 0 .4

1 3 .5
9 .3
1 1 .3
1 1 .6

49.
37.
28.
44.

216.
215.
119.
137.

1011.
976.
871.
1162.

- 5 .3
- 3 .4
- 1 0 .7
3 3 .4

8 .1
2 .4
7 .4
8 .9

28.
26.
21.
29.

127.
149.
89.
91.

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

1924.
1683.
1365.
2105.

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

1 1 .7
1 9 .5
1 7 .0
2 0 .0

50.
41.
30.
47.

226.
214.
123.
151.

1138.
1212.
1050.
1423.

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

1 2 .6
2 4 .2
2 0 .5
2 2 .5

29.
29.
23.
32.

134.
154.
95.
102.

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

2354.
1918.
1610.
2395.

1 1 .6
- 1 8 .5
- 1 6 .0
4 8 .7

2 2 .4
1 3 .9
1 8 .0
1 3 .7

52.
39.
30.
46.

229.
206.
123.
156.

1410.
1371.
1211.
1616.

- 0 .9
- 2 .8
- 1 1 .7
3 3 .4

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

31.
28.
23.
31.

137.
147.
93.
105.

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

2694.
2224.
1845.
2658.

1 2 .5
- 1 7 .5
- 1 7 .0
4 4 .0

1 4 .5
1 6 .0
1 4 .6
1 1 .0

51.
39.
29.
43.

235.
215.
128.
145.

1580.
1554.
1363.
1773.

- 2 .3
- 1 .6
- 1 2 .3
3 0 .1

1 2 .0
1 3 .3
1 2 .5
9 .7

30.
27.
22.
29.

138.
150.
95.
97.

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

3032.
2486.
2022.
2899.

1 4 .1
- 1 8 .0
- 1 8 .7
4 3 .4

1 2 .5
1 1 .8
9*6
9 .1

50.
39.
30.
44.

211.
191.
118.
147.

1763.
1710.
1515.
1989.

- 0 .6
- 3 .0
- 1 1 .4
3 1 .3

1 1 .6
1 0 .0
1 1 .2
1 2 .2

2927.
22.
30.

123131.
89.
101.

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

3575.
2924.
2756.
3774.

2 3 .3
- 1 8 .2
- 5 .8
3 7 .0

1 7 .9
1 7 .6
3 6 .3
3 0 .2

54.
42.
37.
49.

193.
186.
142.
149.

2186.
2109.
2126.
2702.

9 .9
- 3 .5
0 .8
2 7 .1

2 4 .0
2 3 .4
4 0 .4
3 5 .8

33.
30.
28.
35.

118.
134.
110.
107.

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

4065.
3402.
2965.
3927.

7 .7
- 1 6 .3
- 1 2 .8
3 2 .4

1 3 .7
1 6 .4
7 .6
4 .1

52.
41.
33.
42.

185.
213.
157.
152.

2556.
2489.
2266.
2 6 '0 .

- 5 .4
- 2 .6
- 9 .0
1 7 .8

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

33.
30.
25.
28.

116.
156.
120.
103.

1 9 7 5 -3 1 --••
- 3 2 ------- 8 3 ...........
- 3 4 -------

4450.
3915.
3181.
4452.

1 3 .3
- 1 2 .0
- 1 8 .7
4 0 .0

9 .5
1 5 .1
7 .3
1 3 .4

47.
39.
30.
41.

215.
194.
134.
147.

2574.
2728.
2403.
3043.

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

0 .7
9 .6
6 .0
1 4 .0

27.
27.
22.
28.

124.
135.
101.
100.

1 9 7 6 - 3 1 ...- 8 2 ...........
- 8 3 ------- 3 4 --------

5321.
4565.
3524.
4845.

1 9 .5
- 1 4 .2
- 2 2 .8
3 7 .5

1 9 .6
1 6 .6
1 0 .8
8 .8

50.
41.
29.
39.

196.
191.
148.
142.

3088.
3290.
2704.
3288.

1 .5
6 .5
- 1 7 .8
2 1 .6

2 0 .0
2 0 .6
1 2 .5
8 .0

29.
30.
23.
27.

114.
138.
113.
97.

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

6000.
5141.
3858.
5050.

2 3 .8
- 1 4 .3
- 2 5 .0
3 0 .9

1 2 .8
1 2 .6
9 .5
4 .2

49.
41.
28.
36.

196.
207.
147.
126.

3439.
3642.
2942.
3397.

4 .6
5 .9
- 1 9 .2
1 5 .5

1 1 -4
1 0 .7
8 .8
3 .3

28.
29.
21.
24.

113.
147.
112.
85.

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

6380.
5725.
4714.
6379.

2 6 .3
- 1 0 .3
- 1 7 .7
3 5 .3

6 .3
1 1 .4
2 2 .2
2 6 .3

47.
43.
33.
43.

174.
179.
153.
136.

3664.
4068.
3 6 9 9 “.
4604.

7 .9
1 1 .0
- 9 .1
2 4 .5

6 .5
1 1 .7
2 5 .7
3 5 .6

27.
30.
26.
31.

100.
127.
120.
98.

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

7937.
7122.
5752.
8216.

2 4 .4
- 1 0 .3
- 1 9 .2
4 2 .8

2 4 .4
2 4 .4
2 2 .0
2 8 .6

53.
46.
34.
47.

179.
177.
149.
148.

4896.
5291.
4578.
6110.

6 .3
8 .1
- 1 3 .5
3 3 .5

3 3 .6
3 0 .1
2 3 .8
3 2 .7

33.
34.
27.
35.

110.
132.
119.
110.

1 9 8 0 - 3 1 ....
- 8 2 ------- 3 3 ------- 3 4 -------

9613.
7996.
6158.
8521.

1 7 .0
- 1 6 .8
- 2 3 .0
3 8 .4

2 1 .1
1 2 .3
7 .1
3 .7

53.
42.
30.
43.

187.
182.
124.
132.

6051.
5618.
4635.
6151.

- 1 .0
- 7 .1
- 1 7 .5
3 2 .7

2 3 .6
6 .2
1 -2
0 .7

34.
30.
23.
31.

118.
128.
93.
95.

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

10568.
9063.
6818.
8210.

2 4 .0
- 1 4 .2
- 2 4 .8
2 0 .4

9 .9
1 3 .3
1 0 .7
- 3 .7

54.
44.
31.
37.

186.
182.
134.
117.

6630.
6472.
5232.
5743.

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

9 .6
1 5 .2
1 2 .9
- 6 .6

34.
31.
24.
26.

117.
130.
103.
82.

* LOANS OUTSTANDING AT END OF PRECEDING QUARTER.
"NEB

LOANS'* A B B




COHPUTED

AS L O A N S

HADE

LESS

BENEHALS.

RENEWALS

INCLUDE

SOHE

NONAGBICULTUBAL LOANS

(SEE

NOTE

ON

PAGE

8) .

12
TABLE

212.2(*
PRODUCTION CBEOIT ASSOCIATIONS
LOANS MAOS AND NEH LOANS
SEASONALLY-ADJUSTED ANNUAL BATE

LOANS HADE
QUARTER

( BILLION S
1
OF
I
DOLLABS
1
1
1 9 6 1 - Q l . . . . .}
2838.
- Q 2 .... . |
2775.
- Q 3 ------- .1
2925.
- Q 4 ------- .1
2961.

1
|
|
1

PERCENTAGE CHANGE
FBOH PREVIOUS
QUARTER

I BAB

HEN LOANS
|
AS PERCENTAGE OF
I ___ ____
« LOANS OUT- COLLEC­
1 STANDING*
TIONS

BILLIONS
OF
DOLLABS
,

|
|
|
1

PERCENTAGE CHANGE
FBOH PBBTIOUS

J
AS PERCENTAGE OF
I
, | LOANS OUT- COLLEC­
1 STANDING*
TIONS

QUARTER

YEAR

5 .9
- 2 .2
5 .4
1 .3

1 3 .2
5 .6
1 0 .8
1 0 .5

176.
167.
173.
170.

155.
149.
156.
150.

2035.
1997.
2082.
2134.

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

1 2 .7
5 .2
9 .2
1 1 .7

127.
120.
123.
122.

111.
107.
111.
108.

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

3072.
3122.
3305.
3418.

3 .7
1 .6
5 .9
3 .4

8 .2
1 2 .5
1 3 .0
1 5 .4

173.
172.
177.
178.

151.
155.
156.
157.

2170.
2220.
2349.
2503.

1 .7
2 .3
5 .8
6 .6

6 .6
1 1 .2
1 2 .8
1 7 .3

122.
122.
126.
131.

107.
110.
111.
115.

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

3415.
3528.
3660.
3628.

- 0 .1
3 .3
3 .7
- 0 .9

1 1 .2
1 3 .0
1 0 .7
6 .1

171.
170.
170.
163.

164.
163.
160.
155.

2448.
2507.
2577.
2541.

- 2 .2
2 .4
2 .8
- 1 .4

1 2 .8
1 2 .9
9 .7
1 .5

123.
121.
120.
114.

118.
116.
112.
108.

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

3732.
3645.
3678.
3730.

2 .8
- 2 .3
0 .9
1 .4

9 .3
3 .3
0 .5
2 .8

164.
157.
155.
152.

159.
161.
160.
149.

2605.
2535.
2519.
2520.

2 .5
- 2 .7
- 0 .6
0 .0

6 .4
1 .1
-2 -2
- 0 .8

115.
109.
106.
103.

111.
112.
110.
101.

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

3895.
4040.
4200.
4402.

4 .4
3 .7
4 .0
4 .8

4 .4
1 0 .8
1 4 .2
1 8 .0

159.
162.
163.
163.

160.
164.
168.
156.

2661.
2845.
2944.
3088.

5 .6
6 .9
3 .5
4 .9

2 .1
1 2 .2
1 6 .9
2 2 .5

109.
114.
114.
114.

110.
116.
118.
110.

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

.|
.|
.1
.j

4676.
4692.
5057.
4896.

6 .2
0 .4
7 .8
- 3 .2

2 0 .0
1 6 .1
2 0 .4
1 1 .2

170.
165.
171.
158.

157.
160.
165.
167.

3346.
3381.
3584.
3380.

8 .3
1 .1
6 .0
- 5 .7

2 5 .8
1 8 .8
2 1 .8
9 .5

121.
119.
121.
109.

112.
115117.
115.

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

5237.
5320.
5533.
5680.

7 .0
1 .6
4 .0
2 .7

1 2 .0
1 3 .4
9 .4
1 6 .0

163.
160.
160.
159.

168.
167.
165.
171.

3620.
3713.
3812.
3922.

7 .1
2 .6
2 .7
2 .9

8 .2
9 .8
6 .3
1 6 .0

113.
111.
110.
110.

116.
117.
114.
118.

1 9 6 8 - Q 1 ....
- Q 2 -------Q 3 ------- Q 4 -------

.|
.1
.|
.|

5904.
5804.
6137.
6377.

3 .9
- 1 .7
5 .7
3 .9

1 2 .7
9 .1
1 0 .9
1 2 .3

158.
152.
158.
161.

163.
168.
162.
164.

3907.
3820.
4085.
4267.

- 0 .4
- 2 .2
6 .9
4 .5

7 .9
2 .9
7 .2
8 .8

105.
100.
105.
108.

108.
in .
108.
109.

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

.1
.)
.|
.|

6536.
6983.
7155.
7647.

2 .5
6 .8
2 .5
6 .9

1 0 .7
2 0 .3
1 6 .6
1 9 .9

162.
167.
165.
170.

172.
172.
169.
176.

4371.
4774.
4907.
5211.

2 .4
9 .2
2 .8
6 .2

1 1 -9
2 5 .0
2 0 .1
2 2 .1

108.
114.
113.
116.

115.
118.
116.
120.

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

7961.
7995.
8411.
8754.

4 .1
0 .4
5 .2
4 .1

2 1 .8
1 4 .5
1 7 .6
t4 .5

169.
162.
165.
167.

175.
170.
164.
178.

5383.
5438.
5644.
5941.

3 .3
1 .0
3 .8
5 .3

2 3 .1
1 3 .9
1 5 .0
1 4 .0

114.
110.
110.
113.

118.
116.
110.
121.

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

9096.
9275.
9598.
9800.

3 .9
2 .0
3 .5
2 .1

1 4 .3
1 6 .0
1 4 .1
1 1 .9

165.
161.
160.
159.

182.
180.
169.
164.

6020.
6188.
6321.
6562.

1 .3
2 .8
2 .1
3 .8

1 1 .8
1 3 .8
1 2 .0
1 0 .5

109.
107.
105.
106.

121.
120.
111.
110.

-I
.1
.|
.1

10219.
10389.
10458.
10858.

4 .3
1 .7
0 .7
3 .8

1 2 .3
1 2 .0
9 .0
1 0 .8

162.
161.
159.
165.

168.
162.
J53.
168.

6717.
6822.
6976.
7422.

2 .4
1 .6
2 .3
6 .4

1 1 .6
1 0 .2
1 0 .4
1 3 .1

107.
106.
106.
113.

110.
106.
102.
115.

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

12058.
12111.
14207.
14273.

1 1 .1
0 .4
1 7 .3
0 .5

1 8 .0
1 6 .6
3 5 .8
3 1 .5

177.
173.
197.
188.

158.
158.
180.
171.

8365.
8357.
9738.
10166.

1 2 .7
- 0 .1
1 6 .5
4 .4

2 4 .5
2 2 .5
3 9 .6
3 7 .0

123.
119.
135.
134.

110.
109.
123.
122.

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

13703.
13877.
15258.
14846.

- 4 .0
1 .3
1 0 .0
- 2 .7

1 3 .6
1 4 .6
7 .4
4 .0

171.
168.
174.
160.

156.
182.
193.
173.

9825,
9758.
10326.
10039.

- 3 .4
- 0 .7
5 .8
- 2 .8

1 7 .4
1 6 .8
6 .0
- 1 .2

122.
118.
118.
108.

112.
128.
131.
117.

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

15039.
15811.
16395.
16860.

1 .3
5 .1
3 .7
2 .8

9 .8
1 3 .9
7 .4
1 3 .6

155.
156.
158.
160.

184.
165.
161.
167.

9990.
10535.
10949.
11485.

- 0 .5
5 .5
3 .9
4 .9

1 .7
8 .0
6 .0
1 4 .4

103.
104.
106.
109.

122.
110.
107.
114.

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

17910.
18261.
18239.
18537.

6 .2
2 .0
- 0 .1
1 .6

1 9 .1
1 5 .5
1 1 .2
9 .9

164.
162.
156.
153.

169.
164.
174.
164.

11949.
12559.
12357.
12562.

4 .0
5 .1
- 1 .6
1 .7

1 9 .6
1 9 .2
1 2 .9
9 .4

109.
111.
106.
104.

112.
112.
118.
111.

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

20165.
20453.
20069.
19522.

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

1 2 .6
1 2 .0
1 0 .0
5 .3

163.
160.
150.
142.

170.
178.
171.
146.

13302.
13811.
13539.
13077.

5 .9
3 .8
- 2 .0
- 3 .4

1 1 .3
1 0 .0
9 .6
4 .1

107.
108.
101.
95.

112.
120.
116.
98.

1 9 7 8 -Q 1 • . • . . |
- 0 2 ------- .1
- Q 3 ------- .1
- 0 4 ------- . J

21353.
22742.
24625.
24947.

9 .4
6 .5
8 .3
1 .3

5 .9
1 1 .2
2 2 .7
2 7 .8

156.
166.
177.
170.

151.
155.
177.
160.

14050.
15435.
17147.
17609.

7 .4
9 .9
1 1 .1
3 .9

5 .6
1 1 .8
2 6 .6
3 6 .2

103.
113.
123.
121.

99.
105.
123.
114.

1 9 7 9 - Q 1 . . . . -1
- Q 2 ------- .1
- Q 3 ------- .1
—Q4 • • • • . (

26542.
28185.
30074.
32320.

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

2 4 .3
2 3 .9
2 2 .1
2 9 .6

175.
180.
185.
188.

155.
154.
171.
174.

18660.
20131.
21301.
23618.

4 .8
7 .9
5 .8
1 0 .9

3 2 .8
3 0 .4
2 4 .2
3 2 .6

123.
129.
131.
138.

109.
110.
121.
127.

1 9 8 0 -Q 1 • . . .
- Q 2 .. . .
-Q 3 . . . .
- Q 4 -------

32251.
31656.
32172.
32908.

- 0 .2
- 1 .8
1 .6
2 .3

2 1 .5
1 2 .3
7 .0
1 .8

176.
164.
164.
168.

163.
158.
143.
153.

23028.
21482.
21586.
23426.

- 2 .5
- 6 .7
0 .5
8 .5

2 3 .4
6 .7
1 .3
- 0 .8

125.
111.
110.
119.

116.
107.
96.
109.

7 .6
1 .1
- 0 .6
- 1 0 .8

9 .8
1 3 .1
1 0 .6
- 3 .5

177.
171166.
144.

162.
159.
154.
135.

25088.
24806.
24392.
21927.

7 .1
- 1 .1
- 1 .7
- 1 0 .1

8 .9
1 5 .5
1 3 .0
- 6 .4

125.
118.
113.
100.

115.
110.
106.
93.

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

.|
.|
.1
•j

35420.
1 9 8 1 - Q 1 . . . . .<
- Q 2 ------- . |
35813.
- Q 3 ------- .1
35588.
- 0 4 --------. |
31762.
J _______________

* SEASONALLY-ADJUSTED LOANS OUTSTANDING AT END OF PBECEDING QUABTEB.
"HEW LOANS" AB E COHPUTBD AS LOANS HADE LESS
RENEWALS INCLUDE SOHB NONAGBICULTUBAL LOANS




BBNBHALS, AND THEN SEASONALLY
( S E E N O T E O N P A G E 8) .

ADJUSTED.

13

TABLE

PRODUCTION CREDIT ASSOCIATIONS
LOANS HADE AND NEW LOANS
FOUR-QUARTER MOVING TOTAL

212.3Q

LOANS MADE
i
1
CHANGE FROM
|
AS PERCENTAGE OF
1
1
YEAR
/
i MILLIONS |
PREVIOUS YEAR
j
ENDING—
J
OF
|
1
|
DOLLARS 1 MILLIONS
LOANS OUT­
COLLEC­
OF
PERCENT |
TIONS
STANDING*
1
1
I
I
DOLLARS
1
1
2703.
151.
5 .9
1 9 6 1 -Q 1 ____ . |
172.
150.
2740.
- Q 2 ------- .1
172.
6 .7
171.
151.
- Q 3 ------- . |
2793224.
8 .7
170.
152.
- Q 4 ------- .1
2869.
262.
1 0 .0
170.
151.

NEW LOANS
CHANGE FROM
PREVIOUS YEAR

MILLIONS !
OF
|
DOLLARS | MILLIONS
OF
1
1 DOLLARS

|
|

PERCENT |

AS PERCENTAGE OF
LOANS OUT­
STANDING*

COLLEC­
TIONS

1938.
1964.
2002.
2062.

52.
88.
141.
183.

2 .8
4 .7
7 .6
9 .8

123.
122.
122.
123.

108.
108.
109.
109.

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

2936.
3021.
3090.
3217.

232.
281.
298.
348.

8 .6
1 0 .3
1 0 .7
1 2 .1

170.
172.
171.
174.

151.
153.
152.
153.

2096.
2155.
2211.
2312.

158.
190.
209.
250.

8 .1
9 .7
1 0 .5
1 2 .1

122.
122.
122.
125.

108.
109.
109.
110.

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

.!
.f
.(
-1

3320.
3422.
3487.
3551.

384.
401.
397.
333.

1 3 .1
1 3 .3
1 2 .8
1 0 .4

175.
174.
171.
167.

157.
159.
159.
158.

2382.
2458.
2507.
2518.

286.
303.
296.
206.

1 3 .6
1 4 .1
1 3 .4
8 .9

125.
125.
123.
119.

112.
114.
115.
112.

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

.|
.|
.J
. |

3645.
3671.
3673.
3705.

325.
249.
186.
154.

9 .8
7 .3
5 .3
4 .3

167.
163.
159.
157.

158.
158.
157.
156.

2557.
2565.
2553.
2549.

176.
107.
46.
31.

7 .4
4 .3
1 .8
1 .2

117.
114.
111.
108.

111.
110.
109.
107.

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

3756.
3850.
3948.
4136.

111.
180.
275.
430.

3 .1
4 .9
7 .5
1 1 .6

156.
157.
158.
162.

157.
158.
158.
160.

2564.
2643.
2734.
2889.

7.
79.
180.
340.

0 .3
3 .1
7 .1
1 3 .3

107.
108.
109.
113.

107.
109.
110.
112.

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

4369.
4527.
4688.
4813.

613.
677.
740.
678.

1 6 .3
1 7 .6
1 8 .7
1 6 .4

166.
166.
166.
165.

161.
162.
159.
162.

3068.
3205.
3341.
3419.

504.
562.
607.
530.

1 9 .6
2 1 .2
2 2 .2
1 8 .3

116.
118.
118.
117.

113.
115.
113.
115.

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

4985.
5129.
5221.
5428.

616.
602.
533.
615.

1 4 .1
1 3 .3
1 1 .4
1 2 .8

164.
163.
159.
160.

166.
168.
166.
167.

3491.
3570.
3619.
3766.

423.
365.
278.
348.

1 3 .8
1 1 .4
8 .3
1 0 .2

115.
113.
110.
111.

116.
117.
115.
116.

1 9 6 8 - Q 1 .... . |
- Q 2 . . • • .1
- Q 3 ------- . |
- Q 4 ------- . |

5632.
5752.
5870.
6053.

647.
623.
649.
625.

1 3 .0
1 2 .1
1 2 .4
1 1 .5

160.
158.
156.
157.

167.
168.
165.
163.

3842.
3865.
3925.
4020.

351.
295.
306.
254.

1 0 .1
8 .3
8 .4
6 .7

109.
106.
104.
104.

114.
113.
110.
108.

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

6254.
6529.
6727.
7077.

622.
777.
857.
1024.

1 1 .0
1 3 .5
1 4 .6
1 6 .9

159.
162.
162.
166.

166.
167.
167.
171.

4147.
4383.
4562.
4823.

305.
519.
637.
803.

7 .9
1 3 .4
1 6 .2
2 0 .0

106.
109HO.
113.

110.
112.
113.
116.

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

7508.
7742.
7987.
8277.

1254.
1213.
1260.
1199.

2 0 .0
1 8 .6
1 8 .7
1 6 .9

169.
167.
165.
165.

174.
174.
171.
172.

5095.
5254.
5415.
5608.

948.
870.
853.
786.

2 2 .9
1 9 .9
1 8 .7
1 6 .3

115.
113.
112.
112.

118.
118.
116.
117.

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

8617.
8923.
9158.
9421.

1109.
1181.
1170.
1145.

1 4 .8
1 5 .3
1 4 .7
1 3 .8

165.
164.
162.
160.

175.
178.
178.
173.

5778.
5961.
6112.
6269.

683.
707.
697.
661.

1 3 .4
1 3 .5
1 2 .9
1 1 .8

111.
110.
108.
106.

117.
119.
119.
115.

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

9759.
10021.
10197.
10439.

1142.
1098.
1040.
1017.

1 3 .2
1 2 .3
1 1 .4
1 0 .8

160.
160.
160.
161.

170.
167.
162.
163.

6452.
6608.
6760.
6976.

674.
647.
648.
707.

1 1 .7
1 0 .9
1 0 .6
1 1 .3

106.
106.
106.
107.

112.
110.
108.
109.

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

10982.
11420.
12154.
13028.

1223.
1399.
1956.
2590.

1 2 .5
1 4 .0
1 9 .2
2 4 .8

166.
169.
175.
181.

161.
161.
166.
165.

7400.
7799.
8411.
9123.

948.
1191.
1651.
2147.

1 4 .7
1 8 .0
2 4 .4
3 0 .8

112.
115.
121.
127.

108.
110.
115.
116.

1 9 7 4 - Q l.... . |
- Q 2 ------- .1
- Q 3 ------- . J
- Q 4 ------- - |
f
1 9 7 5 - Q 1 .... . |
- Q 2 ------- . |
- Q 3 ------- . |
- Q 4 ------- . |

13518.
13996.
14206.
14359.

2536.
2576.
2052.
1331.

2 3 .1
2 2 .6
1 6 .9
1 0 .2

180.
179.
173.
166.

164.
169.
173.
174.

9493.
9873.
10013.
9981.

2093.
2073.
1602.
858.

2 8 .3
2 6 .6
1 9 .0
9 .4

127.
126.
122.
115.

115.
119.
122.
121.

14744.
15256.
15472.
15997.

1226.
1260.
1266.
1638.

9 .1
9 .0
8 .9
1 1 .4

163.
160.
156.
156.

181.
178.
171.
168.

10000.
10238.
10375.
10748.

507.
366.
362.
767.

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

110.
108.
105.
105.

123.
120.
115.
113.

1 9 7 6 - Q 1 - ... . |
- Q 2 ------- .1
- Q 3 ------- . J
- Q 4 ------- . ]
1
1 9 7 7 - Q 1 ------ . |
- Q 2 ------- . |
- Q 3 ------- . J
**Q4------- . |

16868.
17519.
17862.
18256.

2124.
2263.
2390.
2259.

1 4 .4
1 4 .8
1 5 .4
1 4 .1

160.
162.
160.
158.

166.
167.
170.
168.

11262.
11824.
12124.
12369.

1262.
1586.
1749.
1621.

1 2 .6
1 5 .5
1 6 .9
1 5 .1

107.
109.
109.
107.

111.
113.
115.
114.

18935.
19510.
19844.
20045.

2066.
1991.
1982.
1794.

1 2 .2
1 1 .4
1 1 .1
9 .8

159.
159.
156.
152.

169.
172.
172.
165.

12721.
13073.
13311.
13420.

1459.
1249.
1186.
1050.

1 3 .0
1 0 .6
9 .8
8 .5

107.
106.
105.
102.

113.
115.
115.
110.

1 9 7 8 - Q 1 .... . |
.J
- Q 3 ------- . |
- Q 4 ------- . |

20429.
21013.
21869.
23198.

1494.
1502.
2025.
3148.

7 .9
7 .7
1 0 .2
1 5 .7

152.
154.
158.
165.

160.
156.
157.
159.

13644.
14070.
14828.
16036.

923.
997.
1517.
2616.

7 .3
7 .6
1 1 .4
1 9 .5

101.
103.
107.
114.

107.
104.
106.
110.

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

24755.
26152.
27190.
29027.

4326.
5139.
5321.
5830.

2 1 -2
2 4 .5
2 4 .3
2 5 .1

172.
176.
176.
180.

161.
161.
160.
162.

17267.
18490.
19369.
20875.

3623.
4420.
4542.
4840.

2 6 .6
3 1 .4
3 0 .6
3 0 .2

120.
124.
125.
130.

112.
114.
114.
117.

1 9 8 0 - Q 1 .... . |
- Q 2 ------ . |
- Q 3 ------- . |
-Q 4 .• • . . |

30704.
31578.
31984.
32289.

5949.
5427.
4794.
3262.

2 4 .0
2 0 .8
1 7 .6
1 1 .2

182.
178.
171.
168.

165.
167.
159.
154.

22030.
22358.
22414.
22455.

4763.
3867.
3045.
1580.

2 7 .6
2 0 .9
1 5 .7
7 .6

130.
126.
120.
116.

119.
118.
112.
107.

33243.
1 9 8 1 - Q 1 .... . |
34309.
- Q 2 ------- .1
- Q 3 ------- .1
34969.
34658.
- Q 4 . , . . .1
- J ________

2540.
2731.
2985.
2369.

8 .3
8 .6
9 .3
7 .3

169.
171.
170.
164.

155.
155.
158.
152.

23034.
23887.
24485.
24077.

1003.
1530.
2071.
1622.

4 .6
6 .8
9 .2
7 .2

117.
119.
119.
114.

107.
108.
110.
106.

* AVERAGE LOANS OUTSTANDING DURING THE PRECEDING FOUR QUARTERS (AVERAGE OF END-QF-QUARTBR RATA).


"HEN L O A N S ” A RB


COMPUTED

AS

LOANS

MADE

LESS

RENBHALS.

RENEWALS INCLUDE

SOME

NONAGBICULTURAL LOANS

<SBB

NOTE

ON

PAGE

8).

14
TABLE 213.IQ
PRODUCTION CREDIT ASSOCIATIONS
SENENALS AND COLLECTIONS
1
J ................ .
| MILLIONS
1
OF
|
DOLLARS
1
1
273.
1 9 6 1 - Q 1 ........... 1
163.
- Q 2 ............ |
|
121.
- Q 3 ...........
250.
........... |

QUARTER

j

RENEWALS
.
|
|
|
1

COLLECTIONS

PERCENTAGE CHANGE
FROM PREVIOUS

|
|

QUARTER

LOANS OUT­
1 . STANDING*

-

IEAR

AS PERCENTAGE OF
LOANS
COLLECTIONS
HADE____ANQ_ RENEWALS

MILLIONS |
PERCENTAGE CHANGE
OF
|
FROM PREVIOUS
DOLLARS |
IEAR
i 7. QUARTER

|
AS PER*
| CENTAGE OF
1 LOANS OUT­
i
STANDING*

1 7 .0
- 4 0 .5
- 2 5 .7
1 0 6 .6

1 5 .4
7 .0
1 4 .2
6 .8

18.
10.
7.
14.

34.
24.
22.
30.

41.
34.
21.
25.

394.
322.
448.
733.

- 4 1 .5
- 1 8 .1
3 9 .0
6 3 .6

1 1 .5
6 .3
4 .3
8 .9

26.
20.
25.
41.

1 9 6 2 -Q 1 ............
- Q 2 ............ 1
- Q 3 ............ 1
- Q 4 ............ J
1
1 9 6 3 - Q 1 ........... I
- Q 2 ............ i
- Q 3 . ------- f
- Q 4 ............ J

307.
189.
134.
276.

2 2 .7
- 3 8 .2
- 2 9 .4
1 0 6 .7

1 2 .1
1 6 .3
1 0 .5
1 0 .6

19.
11.
7.
14.

35.
25.
21.
29.

41.
35.
21.
26.

438.
352.
510.
806.

- 4 0 .3
- 1 9 .6
4 4 .9
5 8 .0

1 1 .2
9 .2
1 3 .8
9 .9

26.
20.
26.
41.

339.
215.
150.
329.

2 2 .6
- 3 6 .4
- 3 0 .5
1 1 9 .9

1 0 .5
1 3 .8
1 1 .9
1 9 .1

18.
11.
7.
14.

35.
25.
21.
32.

43.
36.
21.
28.

453.
379.
549.
865.

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

3 .6
7 .8
7 .6
7 .4

24.
19.
24.
38.

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

|
|
|
1
1
1 9 6 5 -Q 1 ............ J
- Q 2 ............ I
"Q 3 ............ J
............ |
1
1 9 6 6 - Q 1 ............ 3
~ Q 2 ............ |
- Q 3 ............ |
- Q « ........... |

394.
234.
163.
366.

1 9 .7
- 4 0 .6
- 3 0 .3
1 2 4 .5

1 6 .3
8 .5
8 .8
1 1 -1

19.
10.
6.
15.

3726.
23.
35.

43.
37.
23.
29.

514.
401.
554.
903.

- 4 0 .6
- 2 2 .0
3 8 .3
6 2 .9

1 3 .4
5 .6
1 .0
4 .4

24.
18.
22.
36.

430.
248.
170.
399.

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

9 .3
6 .2
4 .3
9 .0

19.
10.
6.
14.

39.
25.
21.
32.

45.
36.
22.
29.

533.
440.
616.
995.

- 4 1 .0
- 1 7 .5
4 0 .1
6 1 .6

3 .6
9 .7
1 1 .1
1 0 .2

23.
18.
22.
36.

485.
269.
195.
446.

2 1 .6
-4 4 . 5
- 2 7 .5
1 2 8 .9

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

19.
10.
6.
14.

36.
24.
20.
33.

43.
34.
20.
31.

655.
533.
768.
1015.

- 3 4 .2
- 1 8 .5
44. 1
3 2 .1

2 2 .9
2 1 .2
2 4 .7
1 .9

25.
19.
24.
32.

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

584.
335.
237.
506.

3 0 .9
- 4 2 .7
- 2 9 .1
113. 1

2 0 .5
2 4 .4
2 1 .8
1 3 .4

19.
10.
6.
14.

38.
26.
23.
32.

46.
36.
22.
31-

684.
591.
853.
1121.

- 3 2 .6
- T 3 .5
4 4 .3
3 1 .4

4 .5
1 0 .9
1 1 .1
1 0 .5

22.
18.
23.
31.

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

712.
432.
296.
593-

4 0 .8
- 3 9 .4
- 3 1 .6
1 0 0 .7

2 2 .0
2 9 .1
2 4 .6
1 7 .3

20.
11.
7.
15.

41.
31.
25.
34.

47.
40.
23.
32.

797.
655.
983.
1281.

- 2 8 .9
- 1 7 .9
5 0 .1
3 0 .3

1 6 .6
1 0 .7
1 5 .2
1 4 .2

22.
17.
24.
32.

1 9 6 9 -Q 1 ............ 1
- Q 2 ............ |
- Q 3 ............ |
- Q 4 ............ j
1
1 9 7 0 -Q 1 ............ 1
- Q 2 ........... I
- Q 3 ............ |
- Q 4 ............ J

786.
471.
315.
683.

3 2 .5
- 4 0 .1
- 3 3 .0
1 1 6 .5

1 0 .3
9 .0
6 .6
1 5 .1

20.
11.
7.
15.

41.
28.
23.
32.

48.
37.
22.
33.

850.
787.
1107.
1396.

- 3 3 .6
- 7 .4
4 0 .7
2 6 .1

6 .6
2 0 .2
1 2 .7
9 .0

22.
19.
24.
31.

944.
547.
399.
779.

3 8 .3
- 4 2 .1
- 2 7 .0
9 5 .1

2 0 .1
1 6 .1
2 6 .6
1 4 .1

21.
11.
7.
15.

40.
29.
25.
33.

48.
37.
23.
34.

1029.
930.
1308.
1533.

- 2 6 .3
*'•9.6
4 0 .7
1 7 .2

2 1 .1
1 8 .1
1 8 .1
9 .8

23.
19.
24.
29.

J

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

i
|
|
|

1 .1 5 .
670.
483.
885.

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

1 8 .1
2 2 .5
2 0 .9
1 3 .7

21.
12.
8.
14.

41.
30.
26.
33.

49.
39.
25.
33.

1149.
1033.
1442.
1833.

- 2 5 .0
- 1 0 .0
3 9 .5
2 7 .1

1 1 .7
1 1 .2
1 0 .2
1 9 .6

22.
18.
23.
30.

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

1
J
J
I

1269.
776.
507.
910.

4 3 .4
- 3 8 .9
- 3 4 .6
7 9 .5

1 3 .8
1 5 .9
5 .1
2 .9

21.
12.
7.
14.

42.
31.
25.
31.

47.
37.
23.
32.

1439.
1304.
1708.
1973.

- 2 1 .5
- 9 .4
3 1 .0
1 5 .5

2 5 .2
2 6 .2
1 8 .5
7 .6

24.
20.
25.
30.

1 9 7 3 -Q 1 ............ |
- Q 2 ........... ,J
- Q 3 ............ |
- Q 4 ........... J

1389.
815.
630.
1072.

5 2 .5
- 4 1 .3
- 2 2 .7
7 0 .3

9 .4
5 .0
2 4 .1
1 7 .8

21.
12.
8.
14.

39.
28.
23.
28.

43.
34.
25.
30.

1854.
1571.
* 1 938.
2529.

- 6 .0
- 1 5 .2
2 3 .4
3 0 -5

2 8 .8
2 0 .5
1 3 .5
2 8 .2

28.
23.
26.
33.

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

1509.
913.
699.
1257.

4 0 .7
- 3 9 .5
- 2 3 .4
7 9 .8

8 .6
1 2 .1
1 1 .0
1 7 .2

19.
11.
8.
13.

37.
27.
24.
32.

41.
36.
27.
33.

2203.
1597.
1888.
2585.

- 1 2 .9
- 2 7 .5
1 8 .2
3 6 .9

1 8 .8
1 .7
- 2 .6
2 .2

28.
19.
21.
27.

1 9 7 5 -Q 1 ........... ,1
- Q 2 ...........
- Q 3 ........... , J
- Q 4 ...........

1876.
1187.
778.
1409.

4 9 .2
- 3 6 .7
- 3 4 .5
8 1 .2

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

20.
12.
7.
13.

42.
30.
24.
32.

48.
37.
25.
32.

2069.
2022.
2379.
3031.

- 2 0 .0
- 2 .3
1 7 .6
2 7 .4

- 6 .1
2 6 .6
2 6 .0
1 7 .2

22.
2022.
28.

1 9 7 6 - Q l ...........,J
- Q 2 ............ |
- Q 3 ............1
- Q 4 --------

2233.
1275.
320.
1557.

5 8 .5
- 4 2 .9
- 3 5 .7
8 9 .8

1 9 .1
7 .5
5 .5
1 0 .5

21.
11.
7.
13.

42.
28.
23.
32.

45.
35.
26.
31.

2709.
2390.
2385.
3403.

- 1 0 .6
- 1 1 .8
- 0 .2
4 2 .7

3 0 .9
1 8 .2
0 .3
1 2 .3

25.
22.
20.
28.

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

2561.
1499.
916.
1654.

6 4 .4
- 4 1 .5
- 3 8 .9
8 0 .5

1 4 .7
1 7 .6
1 1 .7
6 .2

21.
12.
7.
12.

43.
29.
24.
33.

46.
38.
26.
29.

3055.
2480.
2620.
4010.

- 1 0 .2
- 1 8 .8
5 .6
5 3 .1

1 2 .8
3 .7
9 .8
1 7 .8

25.
20.
19.
28.

1 9 7 8 -Q 1 ............ |
" Q 2 -------- Q 3 ............J
- Q 4 ............1

2716.
1657.
1015.
1775.

6 4 .2
- 3 9 .0
- 3 8 .8
7 4 .9

6 .1
1 0 .5
1 0 .8
7 .3

20.
12.
7.
12.

43.
29.
22.
28.

43.
34.
25.
28.

3669.
3193.
3074.
4678.

- 8 .5
- 1 3 .0
- 3 .7
5 2 .2

2 0 .1
2 8 .8
1 7 .3
1 6 .7

27.
24.
21.
31.

1 9 7 9 -Q 1 _____ , |
~ Q 2 ............J
- Q 3 ...........
- Q 4 ........... . |

3041.
1830.
1174.
2106.

7 1 .4
- 3 9 .8
- 3 5 .9
7 9 .4

1 2 .0
1 0 .5
1 5 .7
1 8 .7

20.
12.
7.
12.

38.
26.
20.
26.

41.
31.
23.
27.

4440.
4018.
3852.
5567.

- 5 .1
- 9 .5
-4 . 1
4 4 .5

2 1 .0
2 5 .8
2 5 .3
1 9 .0

30.
26.
23.
32.

1 9 8 0 -Q 1 -------- .1
“ Q 2. . • . ..]
- Q 3 -------- . |
- Q 4 --------. |

3563.
2378.
1523.
2370.

6 9 .1
- 3 3 .3
- 3 5 .9
5 5 .6

1 7 .1
2 9 .9
2 9 .7
1 2 .5

20.
13.
8.
12.

37.
30.
25.
28.

41.
35.
23.
27.

5136.
4405.
4961.
6454.

- 7 .7
- 1 4 .2
1 2 .6
3 0 .1

1 5 .7
9 .6
2 8 .8
1 5 .9

28.
23.
25.
32.

1 9 8 1 - Q 1 _____ . |
-Q 2 -------- , |
- Q 3 -------- Q 4 --------.1

3938.
2591.
1586.
2466.

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

1 0 .5
8 .9
4 .1
4 .1

20.
13.
7.
11.

37.
29.
2330.

41.
34.
24.
26.

5679.
4976.
5075.
7022.

- 1 2 .0
- 1 2 .4
2 .0
3 8 .4

1 0 .6
1 3 .0
2 .3
8 .8

2924.
23.
31.

__

* LOANS OUTSTANDING AT END OF PRECEDING QUARTER.

RENEWALS AND COLLECTIONS INCLDDE SOME NONAGRICULTURAL LOAMS (SKE NOTE ON PAGE 8)




15

TABLE 213.2Q
PRODUCTION CREDIT ASSOCIATIONS
R2NEHALS AND COLLECTIONS
SEASONALLY-ADJUSTED ANNUAL RATE

RENEHALS

1
1
J
AS PERCENTAGE OF
J MILLIONS |
1
1
OF
|
| LOANS OUTLOANS
COLLECTIONSit
DOLLARS I
1 STANDING*
-HADE____AND RENEWALS
il
_
1
.J
1
49.
28.
30.
|
1827.
47.
28.
29.
I
1860.
50.
29.
31.
t
1879.
49.
29.
30.
I
1981.

QUARTER

1 MILLIONS J
PERCENTAGE CHANGE
|
OF
|
FROM PREVIOUS
1
DOLLARS 1
____ _ L _ - f l g i S S g g .. ., ___ 2LS4&__

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

j
|
1
|

781.
775.
842.
850.

-1 . 1
- 0 .7
8 .6
0 .9

1 4 .5
6 .0
1 4 .8
7 .6

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

I
|
i
j

878.
901.
940.
940.

3 .3
2 .7
4 .3
- 0 .1

1 2 .4
1 6 .3
1 1 .7
1 0 .6

49.
50.
50.
49.

29.
29.
28.
27.

30.
31.
31.
30.

I
|
I
I

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

|
1
1
|

964.
1015.
1065.
1107.

2 .6
5 .3
4 .9
4 .0

9 .9
1 2 .6
1 3 .2
1 7 .8

48.
49.
49.
50.

28.
29.
29.
31.

32.
32.
32.
32.

1 9 6 4 -Q 1 . . . .
- C 2 ...........
- Q3 . • . .
- Q 4 ...........

I
i
I
J

1110.
1114.
1172.
1221.

0 .3
0 .4
5 .2
4 .2

1 5 .1
9 .8
1 0 .1
1 0 .3

49.
48.
49.
50.

30.
31.
32.
33.

1 9 6 5 -Q 1 ____
- Q 2 .• .» .
- Q 3 ...........
- Q 4 ...........

J
1
|
1

1211.
1182.
1231.
1322.

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

9 .1
6 .1
5 .0
8 .3

49.
47.
48.
49.

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

|
I
1
I

1347.
1288.
1418.
1516.

1 .9
- 4 .4
1 0 .1
6 .9

1 1 .2
8 .9
1 5 .2
1 4 .7

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

|
|
1
|

1610.
1604.
1720.
1758.

6 .2
- 0 .4
7 .2
2 .2

1 9 6 8 -Q 1 ...........
- Q 2 ...........
- Q 3 ------- Q 4 ...........

J
i
j
|

1950.
2017.
2121.
2129.

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

COLLECTIONS
PERCENTAGE CHANGE
FROM PREVIOUS

I
AS PER | CENTAGE OF
| LOANS OUT1 STANDING*

QUARTER

YEAR

- 0 .3
1 .8
1 .0
5 .4

1 0 .4
6 .1
5 .9
e .o

114.
112.
111.
114.

2030.
2019.
2119.
2173.

2 .5
- 0 .5
4 .9
2 .6

1 1 .1
8 .5
1 2 .8
9 .7

114.
111.
114.
113.

I
I
1
I

2077.
2165.
2291.
2347.

- 4 .4
4 .2
5 .8
2 .5

2 .3
7 .2
8 .1
8 .0

104.
104.
106.
105.

32.
33.
34.
33.

I
J
I
i

2345.
2265.
2296.
2500.

* 0 .1
- 3 .4
1 .4
8 .9

1 2 .9
4 .6
0 .2
6 .5

103.
97.
97.
102.

31.
29.
29.
30.

33.
32.
33.
32.

I
1
j
1

2427.
2458.
2496.
2819.

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

3 .5
8 .5
8 .7
1 2 .8

99.
99.
97.
105.

49.
45.
48.
49.

29.
27.
28.
31.

31.
31.
32.
34.

|
I
t
I

2981.
2929.
3064.
2935.

5 .7
- 1 .8
4 .6
- 4 .2

2 2 .8
1 9 .2
2 2 .8
4 .1

108.
103.
103.
95.

1 9 .5
2 4 .6
2 1 .3
1 5 .9

50.
48.
50.
49.

31.
30.
31.
31.

34.
33.
34.
35.

1
t
I
1

3113.
3185.
3351.
3325.

6 .0
2 .3
5 .2
- 0 .8

4 .4
8 .8
9 .4
1 3 .3

97.
96.
97.
93.

1 1 .0
3 .4
5 .1
0 .4

2 1 .1
2 5 .7
2 3 .3
2 1 .1

52.
53.
55.
54.

33.
35.
35.
33.

35.
37.
36.
35.

1
1
1
1

3616.
3452.
3799.
3899.

8 .8
- 4 .6
1 0 .1
2 .6

1 6 .2
8 .4
1 3 .4
1 7 .3

97.
91.
98.
98.

2128.
2209.
2233.
2455.

- 0 .1
3 .8
1 .0
9 .9

9 .1
9 .5
5 .3
1 5 .3

53.
53.
51.
54.

33.
32.
31.
32.

36.
35.
35.
36.

I
t
t
1

3800.
4060.
4235.
4355.

- 2 .6
6 .9
4 .3
2 .8

5 .1
1 7 .6
1 1 .5
1 1 .7

94.
97.
97.
97.

1 9 7 0 - Q 1 ...........>i
.1
- Q 3 ...........
- Q 4 ............}

2554.
2570.
2790.
2844.

4 .0
0 .6
8 .6
1 .9

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

54.
52.
55.
54.

32.
32.
33.
32.

36.
35.
35.
37.

1
|
I
I

4546.
4706.
5138.
4910.

4 .4
3 .5
9 .2
- 4 .5

1 9 .6
1 5 .9
2 1 .3
1 2 .7

96.
96.
101.
93.

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

3018.
3121.
3342.
3273.

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

1 8 .2
2 1 .4
1 9 .8
1 5 .1

55.
54.
56.
53.

33.
34.
35.
33.

38.
38.
37.
35.

I
I
1
I

4990.
5148.
5670.
5962.

1 .6
3 .2
1 0 .1
5 .1

9 .8
9 .4
1 0 .4
2 1 .4

90.
89.
94.
97.

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

3424.
3639.
3492.
3482.

4 .6
6 .3
- 4 .0
- 0 .3

1 3 .5
1 6 .6
4 .5
6 .4

54.
56.
53.
53.

34.
35.
33.
32.

36.
36.
34.
35.

I
I
I
|

6097.
6420.
6819.
6480.

2 .3
5 .3
6 .2
- 5 .0

2 2 .2
2 4 .7
2 0 .3
8 .7

97.
99.
104.
98.

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

3726.
3738.
4342.
4138.

7 .0
0 .3
1 6 .2
- 4 .7

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

55.
53.
60.
54.

31.
31.
31.
29.

33.
33.
35.
33.

1
I
I
I

7616.
7641.
7904.
8356.

1 7 .5
0 .3
3 .4
5 .7

2 4 .9
1 9 .0
1 5 .9
2 9 .0

112.
109.
109.
110.

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

4020.
4128.
4849.
4913.

- 2 .9
2 .7
1 7 .5
1 .3

7 .9
1 0 .4
1 1 .7
1 8 .7

50.
50.
55.
53.

29.
30.
32.
33.

31.
35.
38.
36.

I
I
1
i

8768.
7630.
7893.
8592.

4 .9
- 1 3 .0
3 .4
8 .9

1 5 .1
- 0 .1
- 0 .1
2 .8

109.
92.
90.
92.

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

4968.
5321.
5445.
5488.

1 .1
7 .1
2 .3
0 .8

2 3 .6
2 8 .9
1 2 .3
1 1 .7

51.
52.
52.
52.

33.
34.
33.
33.

38.
36.
35.
35.

I
1
1
|

8155.
9562.
10209.
10071.

- 5 .1
1 7 .3
6 .8
- 1 .4

- 7 .0
2 5 .3
2 9 .3
1 7 .2

84.
94.
98.
95.

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

5864.
5674.
5791.
6099.

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

1 8 .0
6 .6
6 .4
1 1 .1

54.
50.
50.
50.

33.
31.
32.
33.

36.
34.
36.
35.

1
I
}
I

10622.
11169.
10492.
11296.

5 .5
5 .2
- 6 .1
7 .7

3 0 .2
1 6 .8
2 .8
1 2 .2

97.
99.
90.
93.

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

6686.
6660.
6479.
6609.

9 .6
- 0 .4
- 2 .7
2 .0

1 4 .0
1 7 .4
1 1 .9
8 .4

54.
52.
48.
48.

33.
33.
32.
34.

36.
37.
36.
33.

1
I
|
1

11882.
11462.
11711.
13331.

5 .2
- 3 .5
2 .2
1 3 .8

1 1 .9
2 .6
1 1 .6
1 8 .0

96.
90.
88.
97.

1 9 7 8 - Q 1 .____. j
- Q 2 -------- , |
- Q 3 -------- . |
-Q 4 ........... .J

7069.
7182.
7146.
7308.

7 .0
1 .6
- 0 .5
2 .3

5 .7
7 .8
1 0 .3
1 0 .6

52.
53.
51.
50.

33.
32.
29.
29.

33.
33.
34.
32.

I
1
I
|

14166.
14642.
13909.
15560.

6 .3
3 .4
- 5 .0
1 1 .9

1 9 .2
2 7 .7
1 8 .8
1 6 .7

104.
107.
100.
106.

1 9 7 9 -Q 1 ............ |
- Q 2 -------- .1
- Q 3 -------- .1
- Q ^ ........... , i

7937.
7771.
8193.
8933.

8 .6
- 2 .1
5 .4
9 .0

1 2 .3
8 .2
1 4 .7
2 2 .2

52.
50.
50.
52.

30.
28.
27.
28.

32.
30.
32.
33.

|
|
1
|

17160.
18311.
17543.
18548.

1 0 .3
6 .7
- 4 .2
5 .7

2 1 .1
2 5 .1
2 6 .1
1 9 .2

113.
117.
108.
108.

1 9 8 0 -Q 1 ........... >|
• Q 2 ............1
- Q 3 ........... , |
- Q 4 ........... .)

9343.
10205.
10563.
9973.

4 .6
9 .2
3 .5
- 5 .6

1 7 .7
3 1 .3
2 8 .9
1 1 .7

51.
53.
54.
51.

29.
32.
33.
30.

32.
34.
32.
32.

|
|
|
I

19815.
20014.
22554.
21532.

6 .8
1 .0
1 2 .7
- 4 .5

1 5 .5
9 .3
2 8 .6
1 6 .1

108.
104.
115.
110.

1 9 8 1 - Q 1 ............ |
- Q 2 ...........
- Q 3 ...........
- Q 4 ........... , |

10355.
10877.
10960.
10320.

3 .8
5 .0
0 .8
- 5 .8

1 0 .8
6 .6
3 .8
3 .5

52.
52.
51.
47.

29.
30.
31.
32.

32.
33.
32.
30.

I 21833.
|
22509.
|
23074.
J 23570.
J _______________

1 .4
3 .1
2 .5
2 .1

1 0 .2
1 2 .5
2 .3
9 .5

109.
108.
107.
107.

* SEASONALLY-ADJUSTED LOANS OUTSTANDING AT END OP PRECEDING QUARIEE.


RENEWALS AND COLLECTIONS


INCLUDE SOME NONAGRICULTURA1 LOANS (SEE NOTE ON PAGE 8)

16
TABLE 213.3Q

PRODUCTION CREDIT ASSOCIATIONS
RENENALS AND COLLECTIONS
FOUR-QUARTER BOVING TOTAL
RENENALS

1
J
YEAR
| BILLIONS
ENDING—
J
OF
J
DOLLARS
1
1
1
1 9 6 1 - Q 1 ____ . J
765.
-Q 2 ------- . )
776.
791.
- Q 3 ------ . |
807.
- Q H ------

COLLECTIONS

CHANGE FROM
PREVIOUS YEAR
BILLIONS
OF
DOLLARS.

PERCENT

CHANGE FROB
|J
BILLIONS |
PREVIOUS YEAR
OF
i
DOLLARS 4 BILLIONS
OF
PERCENT
1
..
_
_
i .DOLLARS _ _^ _ .

AS PERCENTAGE OF
LOANS OUT­
STANDING*

LOANS
BADE

COLLECTIONS
AND RENENALS

j1
AS
j: PERCENTAGE
|
OF
I| LOANS OOT|
STANDING*
J1
...................

99.
84.
84.
78.

1 4 .9
1 2 .2
1 1 .8
1 0 .7

49.
48.
48.
48.

28.
28.
28.
28.

30.
30.
3030.

1799.
1818.
1837.
1897.

109.
105115.
138.

6 .5
6 .1
6 .7
7 .9

114.
113.
112.
113.

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

.)
.1
.J
.1

840.
867.
879.
906.

75.
91.
88.
99.

9 .8
1 1 .7
1 1 .2
1 2 .2

49.
49.
49.
49.

29.
29.
28.
28.

30.
31.
30.
30.

1941.
1971.
2032.
2105.

142.
152.
195.
208.

7 .9
8 .4
1 0 .6
1 1 .0

113.
112.
113.
114.

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

.{
.|
.1
.1

938.
964.
980.
1033.

98.
97.
101.
127.

1 1 .7
1 1 .2
1 1 .4
1 4 .0

49.
49.
48.
49.

28.
28.
28.
29.

31.
31.
31.
31.

2121.
2148.
2187.
2247.

160.
178.
155.
142.

9 .3
9 .0
7 .6
6 .7

112.
109.
107.
106.

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

.|
.|
. |
.|

1088.
1106.
1119.
1156.

150.
142.
139.
123.

1 6 .0
1 4 .7
1 4 .2
1 1 .9

50.
49.
48.
49.

30.
30.
30,
31-

32.
32.
32.
33.

2307.
2328.
2334.
2372-

186.
180.
147.
126.

8 -8
8 .4
6 .7
5 .6

105.
103.
101.
100.

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

1193.
1207.
1214.
1247.

105.
101.
95.
91.

9 .6
9 .1
8 .5
7 .9

50.
49.
49.
49.

32.
31.
31.
30.

33.
33.
33.
33.

2391.
2430.
2491.
2584.

84.
101.
157.
212.

3 .6
4 .4
6. 7
8 .9

99.
99.
100.
101.

. |
.1
.|
.|

1301.
13221347.
1395.

109.
115.
133.
148.

9 .1
9 .5
1 1 .0
1 1 .9

49.
49.
48.
48.

30.
29.
29.
29.

32.
32.
31.
32.

2706.
2799.
2951.
2971.

315.
369.
460.
387.

1 3 .2
1 5 .2
1 8 .5
1 5 .0

103.
103.
104.
102.

1 9 6 7 -Q 1 . . . . . |
- Q 2 ------- .1
- Q 3 ------- . ]
- Q 4 ------ . j
1
19 6 8 - Q 1 . . . . - i
- Q 2 ------- . |
- Q 3 ------ - j
- Q 4 ------ . |

1494.
1560.
1602.
1662.

193.
238.
255.
267.

1 4 .8
1 8 .0
1 8 .9
1 9 .1

49.
49.
49.
49.

30.
30.
31.
31.

33.
34.
34.
34.

3000.
3058.
3143.
3250.

294.
259.
192.
279.

1 0 .9
9 .3
6 .5
9 .4

99.
97.
96.
96.

1790.
1887.
1946.
2033.

296.
328.
344.
371.

1 9 .8
2 1 .0
2 1 .5
2 2 .3

51.
52.
52.
53-

32.
33.
33.
34.

3536.
35.
35.

3363.
3426.
3556.
3715.

363.
368.
412.
465.

1 2 .1
1 2 .0
13. 1
1 4 .3

95.
94.
95.
96.

1 9 6 9 - Q 1 ------ ,.1
- Q 2 ------ . ]
- Q 3 ------ .1
- Q 4 ------- . j

2107.
2145.
2165.
2255.

317.
258.
219.
221.

1 7 .7
1 3 .7
1 1 .3
1 0 .9

54.
53.
52.
53.

34.
33.
32.
32-

36.
35.
35.
35.

3767.
3900.
4025.
4140.

404.
474.
469.
425.

1 2 .0
1 3 -8
1 3 .2
1 1 .4

96.
97.
97.
97.

.)
. |
.J
.)

2413.
2488.
2572.
2668.

306.
343.
407.
414.

1 4 .5
1 6 .0
1 8 .8
1 8 .4

54.
54.
53.
53.

32.
32.
32.
32.

36.
36.
36.
36.

4319.
4462.
4662.
4799.

552.
562.
637.
659.

1 4 .6
1 4 .4
1 5 .8
1 5 .9

97.
96.
97.
96.

1 9 7 1 -Q 1 ____ . (
- Q 2 ------ . |
-Q 3 . . . . . |
- Q 4 ------ , . )

2839.
2962.
3046.
3152.

427.
474.
473.
484.

1 7 .7
1 9 .0
1 8 .4
1 8 .1

54.
55.
54.
54.

33.
33.
33.
33.

37.
37.
37.
37-

4919.
5022.
5156.
5456.

600.
561.
494.
658.

1 3 .9
1 2 .6
1 0 .6
1 3 .7

94.
93.
91.
93.

1 9 7 2 -Q 1 ____
- Q 2 ------ , . )
- Q 3 ------ . |
- Q 4 ------ .1

3306.
3413.
3437.
3463.

467.
451.
392.
311.

1 6 .5
1 5 .2
1 2 .9
9 .9

54.
55.
54.
53.

34.
34.
34.
33.

37i
36.
35.
35.

5746.
6017.
6283.
6423.

828.
994.
1127.
967.

1 6 .8
1 9 .8
2 1 .9
1 7 .7

94.
96.
98.
99.

1 9 7 3 - Q 1 ____ , . l
- Q 2 ------ , . |
-Q 3 -------, . )
- Q 4 ------ .J

3582.
3621.
3743.
3905.

276.
208.
306.
442.

8 .3
6 .1
8 .9
1 2 .8

54.
54.
54.
54.

33.
3231.
30.

34.
34.
34.
33.

6838.
7106.
7336.
7892.

1092.
1089.
1052.
1469.

1 9 .0
1 8 .1
1 6 .7
2 2 .9

103.
105.
106.
110.

1 9 7 4 - Q 1 ____ , . J
- Q 2 ------ , . f
- Q 3 ------ , . J
- Q 4 ------ .1

4025..
4124.
4193.
4378.

443.
503.
450.
472.

1 2 .4
1 3 .9
1 2 .0
1 2 .1

54.
53.
51.
51.

30.
29.
30.
30.

33.
33.
34.
35.

8241.
8267.
8217.
8273-

1403.
1162.
882.
381.

2 0 .5
1 6 .3
1 2 .0
4 .8

110.
106.
100.
96.

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

4744.
5018.
5097.
5249.

719.
894.
904.
871.

1 7 .9
2 1 .7
2 1 .6
1 9 .9

52.
53.
51.
51.

32.
33.
33.
33.

37.
37.
36.
36.

8140.
8565.
9056.
9501.

-1 0 1 .
297.
838.
1228.

- 1 .2
3 .6
1 0 .2
1 4 .3

90.
90.
91.
93.

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

5695.
5738.

862.
677.
641.
638.

1 8 .2
1 3 .5
1 2 .6
1 2 .1

53.
53.
51.
51.

33.
33.
32.
32.

36.
35.
35.
35.

1014210510.
10516.
10888.

2002.
1945.
1460.
1387.

2 4 .6
2 2 .7
1 6 .1
1 4 .6

96.
97.
94.
94.

607.
743.
796.
743.

1 0 .8
1 3 .0
1 3 .9
1 2 .6

52.
52.
51.
50.

33.
33.
33.
33.

36.
36.
36.
35.

11234.
11323.
11557.
12164.

1092.
813.
1041.
1276.

1 0 .8
7 .7
9 .9
1 1 .7

94.
92.
9193-

571.
505.
508.
532.

9 .2
7 .8
7 .8
8 .0

50.
51.
51.
51.

33.
33.
32.
31.

35.
34.
34.
33.

12777.
13491.
13945.
14614.

1544.
2168.
2388.
2450.

1 3 -7
19. 1
2 0 .7
2 0 .1

95.
99.
101.
104.

703.
719.
779.
990.

1 0 .4
1 0 .4
1 1 .1
1 3 .8

52.
51.
51.
51.

30.
29.
29.
28.

33.
32.
32.
31.

15385.
16210.
16988.
17877.

2607.
2719.
3043.
3263.

2 0 .4
2 0 .2
2 1 .8
2 2 .3

107.
109.
110.
111.

1 9 8 0 -Q 1 ____
“ Q2. . .
- Q 3 ------ Q 4 ------

1185.
1559.
1749.
1632.

1 5 .8
2 0 .4
2 2 .4
2 0 .6

51.
52.
51.
51.

28.
29.
30.
30.

32.
33.
32.
32.

18573.
18960.
20068.
20955.

3188.
2750.
3080.
3079.

2 0 .7
1 7 .0
1 8 .1
1 7 .2

110.
107.
108.
109.

198N
> Q 1 -----“ Q2-----•* ,3 3 ...,
-,Q4------

1536.
1201.
915.
747.

1 7 .7
1 3 .0
9 .6
7 .6

52.
52.
51.
50.

31.
30.
30.
31.

32.
32.
32.
32.

21499.
220712213j .
22753.

2926.
3111.
2117.
1798.

1 5 .8
1 6 .4
1 0 .5
8 .6

109.
110.
109.
107.

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

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

1 9 7 7 -Q 1 ____
- Q 2 ■ . .•
- Q 3 ...= , . |
- Q 4 ------

6533.

1 9 7 8 - Q 1 ____
-Q 2 .. • .
-Q 3 • . •
-Q 4 .• .,. . )

7162.

1 9 7 9 - Q 1 ------ Q 2 ------ . . i
- Q 3 ...,. . !
- Q 4 ------

7661.
7821.

1

1

* AVERAGE LOANS OUTSTANDING DOBING THE PRECEDING FOUR QUARTERS (AVERAGE OF 2ND-0F-QUARTER DATA).


RENciALS AND


COLLECTIONS INCLUDE SOBS NONAGRICOLTORAL LOANS (SEE NOTE OR PAGE 8) .

17

TABLE

2 2 1 . 1Q
FEDERAL LAND BANKS
LOANS OUTSTANDING

AMOUNT

NUMBER OP LOANS

MILLIONS OF DOLLARS
J
________________________________________ I
END OF
| CHANGE FBOMPREVIOUS|
QUABTEB | __________________________ |
------------— 1 — g& ytgSB ______USAS
1
_

END OP
QUABTEB

QUABTEB

I
THOUSANDSI

TEAR

I

AVERAGE SIZ E

PERCENTAGE CHANGE
FROM PBEVIOUS
DOLLARS
QUARTER

TEAR

3 7 9 .1
3 8 0 .1
3 8 0 .9
3 8 0 .6

****
6 .3
0 .2
- 0 .1

****
****
****
*♦**

3 8 2 .3
3 8 4 .3
3 8 4 .9
3 8 4 .2

0 .4
0 .5
0 .1
- 0 .2

0 .8
1 .1
1 .1
0 .9

3 8 6 .0
3 8 9 .7
3 9 1 .8
3 8 9 .7

0 .5
1 .0
0 .5
- 0 .5

1 .0
1 .4
1 .8
1 .4

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

0 .4
0 .7
0 .3
0 .1

1 .4
1 .1
0 .9
1 .5

3 9 7 .6
3 9 9 .6
3 9 9 .4
3 9 8 .3

0 .5
0 .5
- 0 .0
- 0 .3

1 .6
1 .4
1 .1
0 .7

4 0 0 .5
4 0 3 .7
4 0 4 .2
4 0 2 .4

0 .5
0 .8
0 ,1
- 0 .4

0 .7
1 .0
1 -2
1 .0

4 0 3 .5
4 0 4 .9
4 0 5 .2
4 0 4 .2

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

0 .8
0 .3
0 .2
0 .4

4 0 4 .7
4 0 5 .8
4 0 5 .8
4 0 4 .6

0 .1
0 .3
0 ,0
- 0 .3

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

4 0 5 .1
4 0 6 .5
4 0 7 .4
4 0 7 .6

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

0 .1
0 .2
0 .4
0 .8

4 0 9 .0
4 1 1 .7
4 1 3 .6
4 1 4 .8

0 .3
0 .7
0 .5
0 .3

1 .0
1 .3
1 .5
1 .8

4 1 5 .9
4 2 1 .3
4 2 6 .4
4 2 9 .2

0 .3
1 .3
1 .2
0 .7

1 .7
2 .3
3 .1
3 .5

4 3 3 .5
4 3 8 .6
4 4 2 .0
4 4 2 .8

1 .0
1 .2
0 .8
0 .2

4 .2
4 .1
3 .6
3 .2

4 4 5 .1
4 4 8 .2
4 5 0 .4
4 5 0 .8

0 .5
0 .7
0 .5
0 .1

2 .7
2 .2
1 .9
1 .8

4 5 2 .9
4 5 6 .0
4 5 8 .6
4 5 9 .5

0 .5
0 .7
0 .6
0 .2

1 .8
1 .8
1 .8
1 .9

4 6 1 .3
4 6 4 .6
4 6 8 .4
4 7 1 .2

0 .4
0 .7
0 .8
0 .6

1 .9
1 .9
2 .1
2 .5

4 7 6 .0
4 8 2 .4
4 8 8 .7
4 9 4 .9

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

3 .2
3 .8
4 .3
5 .0

5 0 4 .1
5 1 5 .6
5 2 1 .0
5 2 5 .8

1 .9
2 .3
1 .1
0 .9

5 .9
6 .9
6 .6
6 .2

5 3 4 .7
5 4 5 .1
5 5 4 .4
5 6 1 .4

1 .7
1 .9
1 .7
1 .3

6 .1
5 .7
6 .4
6 .8

____________ L

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

3406.
3516.
3620.
3717.

♦♦♦♦♦
110.
104.
97.

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

****
3 .2
3 .0
2 .7

**♦*
♦***
****
****

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

3889.
4057.
4171.
4280.

172.
167.
114.
109.

483.
541.
551.
563.

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

1 4 .2
1 5 .4
1 5 .2
1 5 .1

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

4477.
4724.
4900.
4957.

197.
247.
176.
57.

588.
667.
729.
677.

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

1 5 .1
1 6 .4
1 7 .5
1 5 .8

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

5111.
5303.
5449.
5608.

154.
192.
147.
159.

634.
579.
550.
651.

3 .1
3 .8
2 .8
2 .9

1 4 .2
1 2 .3
1 1 .2
1 3 .1

1 9 6 8 - Q 1 . , . . .1
“ Q2------- . |
**Q3------- .{
- Q 4 ------- - J

5793.
5973.
6064.
6125.

185.
179.
91.
62.

682.
670.
614.
517.

3 .3
3 .1
1 .5
1 .0

1 3 .3
1 2 .6
1 1 .3
9 .2

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

6317.
6556.
6676.
6713.

192.
239.
120.
37.

524.
583.
612.
588.

3 .1
3 .8
1 .8
0 .6

9 .0
9 .8
1 0 .1
9 .6

1 9 7 0 - Q 1 .... . )
- Q 2 . .. . .J
- Q 3 ------- . |
- Q 4 ------- .1
I
1 9 7 1 - Q 1 .... . |
- Q 2 ------- . |
- Q 3 ------- . ]
- Q 4 ------- .1
I
1 9 7 2 - Q 1 .• • • .1
- Q 2 ------- . |
- Q 3 ------- . |
- Q 4 ------- .1

6833.
6994.
7101.
7186.

119.
161.
107.
85.

516.
438.
425.
473.

1 .8
2 .4
1 .5
1 .2

8 .2
6 .7
6 .4
7 .0

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
1 0 .2

8139.
8426.
8749.
9092.

222.
286.
323.
343.

793.
847.
982.
1175.

2 .8
3 .5
3 .8
3 .9

1 0 .8
1 1 .2
1 2 .6
1 4 .8

1 9 7 3 - Q 1 .... - |
—Q 2 .. . . . |
- Q 3 ------- . |
- Q 4 ------- . J

9568.
10077.
10525.
10947.

476.
510.
447.
422.

1428.
1652.
1776.
1855.

5 .2
5 .3
4 .4
4 .0

1 7 .5
1 9 .6
2 0 .3
2 0 .4

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

11467.
12176.
12877.
13456.

520.
710.
700.
580.

1899.
2099.
2352.
2509.

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

1 9 .8
2 0 .8
2 2 .3
2 2 .9

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

1417914930.
15518.
16014.

723.
759.
580.
496.

2712.
2762.
2641.
2557.

5 .4
5 .4
3 .9
3 .2

2 3 .7
2 2 .7
2 0 .5
1 9 .0

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

16700.
1740317982.
18524.

686.
703.
579.
542.

2521.
2465.
2464.
2510.

4 .3
4 .2
3 .3
3 .0

1 7 .8
1 6 .5
1 5 .9
1 5 .7

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

19331.
20190.
20874.
21466.

807.
859.
684.
593.

2631.
2787.
2891.
2942.

4 .4
4 .4
3 .4
2 .8

1 5 .8
1 6 .0
1 6 .1
1 5 .9

1 9 7 8 - Q 1 .... . ]
- Q 2 ------- . |
- Q 3 ------- . |
- Q 4 ------- . J

22234.
23131.
23939.
24668.

768.
897.
808.
729.

2903.
2940.
3065.
3202.

3 .6
4 .0
3 .5
3 .0

1 5 .0
1 4 .6
1 4 ,7
1 4 .9

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

25851.
27261.
28430.
29725.

1183.
1410.
1169.
1295.

3617.
4130.
4492.
5057.

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

1 6 .3
1 7 .9
1 8 .8
2 0 .5

1 9 8 0 - Q 1 .------.{
- Q 2 ------- . J
- Q 3 ------- . |
- Q 4 ------- .1

31603.
33681.
34852.
36032.

1878.
2078.
1171.
1180.

5752.
6420.
6422.
6307.

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

2 2 .3
2 3 .6
2 2 .6
2 1 .2

1 9 8 1 -Q 1 _____. |
- Q 2 ------- . |
- Q 3 ------- . |
- Q 4 ------- . |

38030.
40280.
42103.
43658.

1998.
2251.
1823.
1555.

6426.
6599.
7250.
7626.

5 .5
5 .9
4 .5
3 .7

2 0 .3
1 9 .6
2 0 .8
2 1 .2




I

PERCENTAGE CHANGE
FROM PREVIOUS

l
I
1
1
1
1
1
1
1
1
1
i
*
1
1
J
1
1
1
1
1
1
1
1
i
1
J
l
i
i
J
1
1
1
1
1
«
1
1
1
1
1
1
1
1
1
1
i
1
1
1
1
i
i
1
1
1
1
1
1
1
1
1
1
i
1
I
1
1
1
i
1
1
1
I
1
1
1
I
1
1
1
1
1
1
1
1
i

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
i
1
j
1
2
!
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
J
1
1
1
J
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
J
1
J
1
1
1
1
1
J
1
2
1
1
1
1
1
1
1
1
1

PERCENTAGE
CHANGE
FROM
PBEVIOUS
____ IMS____

8985.
9249.
9505.
9766.

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

10174.
10556.
10835.
11139.

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

11600.
12121.
12506.
12718.

1 4 .0
1 4 .8
1 5 .4
1 4 .2

13061.
13457.
13789.
14175.

1 2 .6
1 1 .0
1 0 .3
1 1 .5

14571.
14948.
15181.
15377.

1 1 .6
1 1 .1
1 0 .1
8 .5

15774.
16238.
16519.
16681.

8 .3
8 .6
8 .8
8 .5

16934.
17273.
17527.
17778.

7 .4
6 .4
6 .1
6 .6

18155.
18678.
19138.
19568.

7 .2
8 .1
9 .2
1 0 .1

20093.
20729.
21473.
22304.

1 0 .7
1 1 .0
1 2 .2
1 4 .0

23395.
24478.
25444.
26393.

1 6 .4
1 8 .1
1 8 .5
1 8 .3

27571.
28902.
30197.
31349.

1 7 .8
1 8 .1
1 8 .7
1 8 .8

32711.
34061.
35112.
36166.

1 8 .6
1 7 .8
1 6 .3
1 5 .4

37522.
38832.
39924.
41088.

1 4 .7
1 4 .0
1 3 .7
1 3 .6

42684.
44273.
45519.
46714.

1 3 .8
1 4 .0
1 4 .0
1 3 .7

48193.
49787.
51104.
52355.

1 2 .9
1 2 .5
1 2 .3
1 2 .1

54304.
56510.
58171.
60063.

1 2 .7
1 3 .5
1 3 .8
1 4 .7

62687.
65323.
66892.
68525.

1 5 .4
1 5 .6
1 5 .0
1 4 .1

71119.
73899.
75949.
77762.

1 3 .4
1 3 .1
1 3 .5
1 3 .5

18
SABLE

FEDERAL LARD BARKS
LOARS OUTSTAHDIHG
SBASORALL/-ADJUSTED DATA

221.2Q

BHD OF
QUARTBR

1
1
1
1
1
1
1
I
1

AMOOMX
flILLIOH S OF DOLLARS

1
1
1 CHARGE FROM PREVIOUS1
BMD OF J.
1
QUARTER |
QUARTER
TEAR
1
(SAAR)
........... i
I

HUMBER OF LOARS
PERCEHTAGB CHARGE
FROH PREVIOUS
QUARTBR
(SAAB)

YBAR

|
1
THOUSARDS)
1
1
1

AVERAGE S IZ E

PERCBRTAGE CHARGE
FROH PBBVIOUS
DOLLARS
QUARTER
(SAAR)

YEAR

PERCESTAGE
CHARGE
FROH
PREVIOUS
YEAR

3413.
3490.
3609.
3746.

*****
319.
499.
582.

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

*****
9 .3
1 4 .3
1 6 .1

*♦♦*
♦***
*♦**
***♦

3 7 9 .6
3 7 9 .2
3 8 0 .1
3 8 1 .7

*****
- 0 .4
0 .9
1 .8

****
****
*♦**
♦♦**

6990.
9203.
9494.
9813.

*♦**
****
****
**♦*

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

3896.
4027.
4158.
4312.

637.
551.
549.
654.

483.
537.
549.
566.

1 7 .0
1 4 .1
1 3 .6
1 5 .7

1 4 .2
1 5 .4
1 5 .2
1 5 .1

3 8 2 .7
3 8 3 .4
3 8 4 .1
3 8 5 .4

1 .0
0 .7
0 .8
1 .3

0 .8
1 .1
1 .1
0 .9

10180.
10505.
10824.
11191.

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

1 9 6 6 - 0 1 ...
- Q 2 ...
- Q 3 ...
- Q 4 ...

4485.
4690.
4883.
4988.

735.
875.
822.
435.

589.
663.
725.
676.

1 7 .0
1 9 .5
1 7 .5
8 .9

1 5 .1
1 6 .5
1 7 .4
1 5 .7

3 8 6 .4
3 8 8 .7
3 9 0 .9
3 9 0 .5

1 .1
2 .5
2 .2
- 0 .4

1 .0
1 .4
1 .8
1 .3

11609.
12064.
12492.
12774.

1 4 .0
1 4 .8
1 5 .4
1 4 .1

5124.
5266.
5432.
5644.

566.
590.
696.
900.

639.
576.
549.
656.

1 1 .4
1 1 .5
1 3 .2
1 6 .6

1 4 .2
1 2 .3
1 1 .2
1 3 .1

3 9 1 .9
3 9 3 .1
3 9 4 .4
3 9 6 .6

1 .5
1 .1
1 .4
2 .2

1 .4
1 .1
0 .9
1 .6

13074.
13397.
13771.
14232.

1 2 .6
1 1 .0
1 0 .2
1 1 .4

5807.
5933.
6045.
6161.

681.
518.
460.
481.

683.
667.
613.
517.

1 2 .1
8 .9
7 .8
8 .0

1 3 .3
1 2 .7
1 1 .3
9 .2

3 9 8 .0
3 9 8 .5
3 9 8 .7
3 9 9 .2

1 .5
0 .5
0 .2
0 .5

1 .6
1 .4
1 .1
0 .7

14590.
14886.
15160.
15432.

1 1 .6
1 1 .1
1 0 .1
8 .4

6333.
6515.
6655.
6749.

717.
760.
579.
383.

526.
583.
611.
588.

1 1 .6
1 2 .0
8 .9
5 .8

9 .1
9 .8
1 0 .1
9 .5

4 0 0 .9
4 0 2 .8
4 0 3 .5
4 0 3 .3

1 .7
1 .9
0 .7
- 0 .2

0 .7
1 .1
1 .2
1 .0

15798.
16176.
16496.
16737.

8 .3
8 .7
8 .8
8 .5

6850.
6955.
7080.
7221.

413.
428.
514.
583.

517439.
424.
472.

6 .1
6 .2
7 .4
8 .2

8 .2
6 .7
6 .4
7 .0

4 0 3 .9
4 0 4 .0
4 0 4 .5
4 0 4 .9

0 .6
0 .1
0 .4
0 .4

0 .8
0 .3
0 .2
0 .4

16960.
17213.
17504.
17834.

7 .4
6 .4
6 .1
6 .6

7366.
7540.
7743.
7952.

596.
723.
843.
873.

516.
586.
663.
731.

8 .3
9 .8
1 1 .2
1 1 .3

7 .5
8 .4
9 .4
1 0 .1

4 0 5 .1
4 0 5 .0
4 0 5 .1
4 0 5 .1

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

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

18182.
18618.
19115.
19629.

7 .2
8 .2
9 .2
1 0 .1

8160.
8386.
8722.
9130.

863.
944.
1427.
1751.

794.
846.
979.
1178.

1 0 .9
1 1 .6
1 7 .0
2 0 .1

1 0 .8
1 1 .2
1 2 .6
1 4 .8

4 0 5 .6
4 0 5 .8
4 0 6 .6
4 0 8 .1

0 .4
0 .2
0 .8
1 .4

0 .1
0 .2
0 .4
0 .7

20119.
20666.
21450.
22374.

1 0 .7
1 1 .0
1 2 .2
1 4 .0

9591.
10032.
10493.
10994.

1987.
1889.
1974.
2151.

1431.
1646.
1770.
1863.

2 1 .8
1 9 .7
1 9 .7
2 0 .5

1 7 .5
1 9 .6
2 0 .3
2 0 .4

4 0 9 .5
4 1 1 .1
4 1 2 .8
4 1 5 .2

1 .4
1 .5
1 .6
2 .3

1 .0
1 .3
1 .5
1 .7

23419.
24402.
25421.
26480.

1 6 .4
1 8 .1
1 8 .5
1 8 .3

11491.
12121.
12838.
13516.

2130.
2731.
3133.
2935.

1900.
2089.
2345.
2522.

1 9 .4
2 3 .8
2 5 .8
2 2 .9

1 9 .8
2 0 .8
2 2 .3
2 2 .9

4 1 6 .5
4 2 0 .7
4 2 5 .5
4 2 9 .6

1 .3
4 .1
4 .6
4 .0

1 .7
2 .3
3 .1
3 .5

27588.
28808.
30172.
31458.

1 7 .8
1 6 .1
1 8 .7
1 8 .8

14205.
14865.
15471.
16091.

2976.
2831.
2576.
2630.

2714.
2745.
2634.
2575.

2 2 .0
1 9 .9
1 7 .3
1 7 .0

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

4 3 4 .1
4 3 8 .0
4 4 1 .0
4 4 3 .2

4 .3
3 .6
2 .7
2 .1

4 .2
4 .1
3 .6
3 .2

32720.
33939.
35084.
36303.

1 8 .6
1 7 .8
1 6 .3
1 5 .4

16725.
17310.
17932.
18622.

2693.
2465.
2624.
2926.

2520.
2445.
2460.
2532.

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

1 7 .7
1 6 .4
1 5 .9
1 5 .7

4 4 5 .7
4 4 7 .6
4 4 9 .5
4 5 1 .4

2 .3
1 .7
1 .7
1 .7

2 .7
2 .2
1 .9
1 .8

37524.
38675.
39894.
41256.

1 4 .7
1 4 .0
1 3 .7
1 3 .6

19358.
20069.
20822.
21594.

3120.
3004.
3186.
3266.

2632.
2758.
2890.
2972.

1 6 .8
1 5 .5
1 5 .9
1 5 .7

1 5 .7
1 5 .9
1 6 .1
1 6 .0

4 5 3 .5
4 5 5 .4
4 5 7 .7
4 6 0 .2

1 .9
1 .7
2 .1
2 .2

1 .7
1 .7
1 .8
1 .9

42685.
44070.
45490.
46926.

1 3 .8
1 4 .0
1 4 .0
1 3 .7

22264.
22973.
23892.
24840.

2805.
2977.
3901.
4024.

2906.
2905.
3070.
3246.

1 3 .0
1 3 .4
1 7 .0
1 6 .8

1 5 .0
1 4 .5
1 4 .7
1 5 .0

4 6 1 .9
4 6 3 .8
4 6 7 .7
4 7 2 .1

1 .5
1 .6
3 .4
3 .8

1 .9
1 .8
2 .2
2 .6

48197.
49534.
51080.
52616.

1 2 .9
1 2 .4
1 2 .3
1 2 .1

25878.
27051.
28377.
29930.

4419.
5022.
5708.
6738.

3614.
4078.
4486.
5090.

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

1 6 .2
1 7 .8
1 8 .8
2 0 .5

4 7 6 .4
4 8 1 .4
4 8 8 .0
4 9 5 .6

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

3 .1
3 .8
4 .3
5 .0

54315.
56198.
58153.
60392.

1 2 .7
1 3 .5
1 3 .8
1 4 .8

1 9 8 0 - Q 1 ..
-Q 2 . .
- Q 3 . •,
-Q 4 ..

31663.
33409.
34797.
36295.

7559.
7584.
5904.
6394.

5785.
6358.
6419.
6366.

2 5 .3
2 4 .0
1 7 .7
1 8 .4

2 2 .4
2 3 .5
2 2 .6
2 1 .3

5 0 4 .9
5 1 4 .5
5 2 0 .3
5 2 6 .6

7 .7
7 .8
4 .6
5 .0

6 .0
6 .9
6 .6
6 .3

62708.
64940.
66879.
68918.

1 5 .5
1 5 .6
1 5 .0
1 4 .1

1
1 9 8 1 -Q 1 ..
-Q 2 . .
—Q 3. •
—Q 4. • . . . J
____L

38104.
39941.
42049.
44004.

7793.
7899.
9122.
8381.

6441.
6532.
7253.
7708.

2 1 .5
2 0 .7
2 2 .8
1 9 .9

2 0 .3
1 9 .6
2 0 .8
2 1 .2

5 3 5 .6
5 4 3 .8
5 5 3 .7
5 6 2 .6

7 .0
6 .3
7 .5
6 .6

6 .1
5 .7
6 .4
6 .8

71147.
73452.
75941.
78218.

1 3 .5
1 3 .1
1 3 .5
1 3 .5

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

i
1 9 6 7 - Q 1 ...
- 0 2 ...
- Q 3 ...
- Q 4 ...
1
1 9 6 8 - Q 1 ...
- Q 2 ...
- Q 3 ...
- Q 4 ...
1
1 9 6 9 -Q 1 .•
- Q 2 ...
- Q 3 ...
- Q 4 ...
!
1 9 7 0 - Q 1 . ..
- 0 2 ...
- 0 3 ...
- Q 4 ...
1
1 9 7 1 - Q 1 .. •
- 0 2 ...
-Q 3 . . .
- Q 4 ...
t
1 9 7 2 - Q 1 .• •
- Q 2 ...
- Q 3 ...
- Q 4 ...
1
1 9 7 3 - Q 1 . ..
- Q 2 ...
-Q 3 . • .
- Q 4 ...
1
1 9 7 4 - Q 1 . ..
- Q 2 ...
- 0 3 ...
- Q 4 ...
1
1 9 7 5 - Q 1 . ..
- Q 2 ...
- Q 3 .•.
- Q 4 ...
1 9 7 6 - Q 1 . ..
- Q 2 .-.
- Q 3 ...
- 0 4 ...

J

1
1 9 7 7 - Q 1 . ..
-Q 2 ...
- 0 3 ...
- Q 4 ...
!
1 9 7 8 - Q 1 . ..
- Q 2 ...
- Q 3 ..,
—Q4 • •«
1
1 9 7 9 - Q 1 . .,
- 0 2 ...
- Q 3 ..,
- Q 4 ...

•

1




19

TABLE

2 2 2 . IQ
FEDERAL LAND BANKS
LOANS CLOSED

1
1
|

AHOUNT
BILLIONS OF DOLLARS

QUARTER
|
CLOSED 1 CHANGE FROM PREVIOUS
1
IN
1
_
_L__ QUARTER!___QUARTER______ TEAR____
J
******
******
******
1 9 6 4 -Q 1 ____ J
* * * * * *
* * * * * *
* * * * * *
- Q 2 ------- . j
* * * * * *
* * * * * *
* * * * * *
- Q 3 ------- . |
******
******
******
- Q 4 ------ j
1
.
|
*
*
*
*
*
*
*
*
*
*
*
*
******
196 5 —Q 1 . . . .
******
******
******
- Q 2 ------- . j
******
******
******
- Q 3 ------- . j
* * * * * *
* * * * * *
* * * * * *
- Q 4 --------- j
1
* * * * * *
* * * * * *
* * * * * *
1 9 6 6 -Q 1 . . . . |
* * * * * *
* * * * * *
* * * * * *
- Q 2 ------- . j
* * * * * *
* * * * * *
* * * * * *
- Q 3 ------- . j
******
* * * * * *
* * * * * *
-Q 4 .. . . j
1
1 9 6 7 -Q 1 ____ |
- Q 2 ------- . |
- Q 3 ------- . |
- Q 4 ------- , ]
1968—Q 1 . . . . . |
- Q 2 .... .]
-Q 3 ------- . j
-Q 4 ------- j
1
19 6 9 -Q 1 . . . . . |
- Q 2 ------- . ]
- Q 3 .... . j
- Q 4 ------- , |

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

AVERAGE SIZ E

NUMBER OF LOANS
PERCENTAGE CHANGE
FRON PREVIOUS
QUARTER
*****

NEAR
*****

* * * * *

* * * * *

* * * * *

*****

*****
*****

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

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

1

PERCENTAGE CHANGE
FROM PREVIOUS

THOUSANDS|
1
1

DOLLARS
QUARTER

1 4 .5
1 3 .7
1 2 .0
1 4 .6

*****
- 5 .7
- 1 2 .0
2 1 .1

* * * * *
* * * * *

*******

*****
*****

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

1 3 .6
- 4 .8
- 2 2 .6
1 3 .8

1 4 .3
1 5 .3
1 .4
- 4 .6

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

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

YEAR

* * * * * * *

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

PERCENTAGE
CHANGE
FROM
PREVIOUS
YEAR
***♦
****
****
****
**♦*
♦***
*♦**
****

* * * * *

* * * * *

1 6 .6
1 5 .8
1 2 .2
1 3 .9

*
*
*
*

*
*
*
*

*
*
*
*

1 6 .8
1 6 .9
1 2 .3
8 .0

2 0 .7
1 .0
- 2 7 .7
- 3 4 .5

1 .3
7 .5
0 .4
- 4 2 .2

1 2 .2
1 3 .0
1 0 .4
1 2 .8

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

- 2 7 .1
- 2 3 .0
- 1 4 .7
5 9 .2

* * * * * * *

*******

****
****
****
♦♦**

1 2 .6
1 1 .2
7 .6
9 .4

- 1 .4
- 1 1 .2
- 3 1 .7
2 3 .1

3 .1
t 1 4 .2
- 2 6 .9
- 2 6 .4

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

****
****
****
♦***

1 2 .1
1 2 .0
7 .3
7 .0

2 8 .8
- 0 .8
- 3 9 .7
- 3 .5

- 3 .9
7 .4
- 5 .1
- 2 5 .6

*
*
*
*

*
*
*
*

****
♦***
****
♦***

*
*
*
*

*
*
*
*

*
*
*
*

*
*
*
*

*
*
*
*

*
*
*
*

*
*
*
*

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

* * * * * *

* * * * *

* * * * *

* * * * * *

* * * * *

* * * * *

* * * * * *

* * * * * *

* * * * *
* * * * *

* * * * *

*****

*****

* * * * *

* * * * *

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

* * * * * * *

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

****
****
****
*♦**

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

******

******

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

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

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

*****
*****

******

******

*
*
*
*

*
*
*
*

*
*
*
*

*
*
*
*

*
*
*
*

* * * * *

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

*
*
*
*

* * * * *

* * * * * *

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

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

*
*
*
*

*
*
*
*

*
*
*
*

*
*
*
*

*
*
*
*

*
*
*
*

* * * * *

* * * * *

- 0 .8
- 2 0 .6
2 1 .7

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

8 .9
8 .1
6 .8
8 .4

2 7 .5
- 8 .7
- 1 6 .8
2 3 .2

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

30479.
33129.
31594.
31202.

****
****
♦***
****

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

*
*
*
*

*
*
*
*

*
*
*
*

*
*
*
*

*
*
*
*

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

272.
270.
214.
261.

* * * * * *

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

379.
428.
357.
391.

118.
49.
-7 1 .
34.

107.
158.
143.
130.

4 5 .3
1 3 .0
- 1 6 .5
9 .5

3 9 .3
5 8 .5
6 6 .8
5 0 .0

1 0 .4
1 1 .4
9 .3
1 0 .0

2 4 .5
9 .6
- 1 8 .9
8 .3

1 6 .5
3 9 .9
3 6 .4
1 9 .9

36424.
37526.
38631.
39060.

1 9 .5
1 3 .3
2 2 .3
2 5 .2

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

503.
520.
557.
658.

112.
17.
38.
100.

124.
92.
200.
267.

2 8 .6
3 .3
7 .3
1 8 .0

3 2 .8
2 1 .5
5 6 .0
6 8 .2

1 2 .6
1 2 .7
1 1 .8
1 3 .3

2 5 .6
0 .6
- 6 .7
1 2 .9

2 0 .9
1 1 .0
2 7 .6
3 3 .0

40007.
41078.
47242.
49404.

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

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

861.
835.
719.
754.

203.
-2 6 .
-1 1 6 .
35.

358.
316.
161.
96.

3 0 .9
- 3 .0
- 1 3 .9
4 .9

7 1 .1
6 0 .7
2 9 .0
1 4 .6

1 5 .6
1 6 .0
1 2 .9
1 3 .4

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

2 4 .3
2 6 .1
9 .2
0 .3

55084.
52353.
55804.
56432.

3 7 .7
2 7 .4
1 8 .1
1 4 .2

.1
.i
.1
.J

931.
1045.
1007.
957.

177.
114.
-3 8 .
-5 0 .

70.
210.
288.
203.

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

8 .1
2 5 .1
4 0 .1
2 6 .9

1 5 .2
1 6 .8
1 5 .7
1 4 .7

1 3 .6
1 0 .9
- 6 .5
- 6 .8

- 2 .9
5 .5
2 2 .2
9 .8

61356.
62078.
63963.
65227.

1 1 .4
1 8 .6
1 4 .6
1 5 .6

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

1184,
1148.
930.
957.

227.
-3 6 .
-2 1 8 .
27.

253.
103.
-7 7 .
-1 .

2 3 .7
- 3 .0
- 1 9 .0
2 .9

2 7 .2
9 .9
- 7 .6
- 0 .1

1 6 .4
1 6 .0
1 3 .1
1 3 .1

1 1 .7
- 2 .6
- 1 8 .3
0 .6

8 .1
- 5 .1
- 1 7 .1
- 1 0 .5

72221.
71903.
71237.
72849.

1 7 .7
1 5 .8
1 1 .4
1 1 .7

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

1267.
1205.
1011.
1102.

311.
-6 2 .
-1 9 4 .
91.

83.
57.
81.
145.

3 2 .5
- 4 .9
- 1 6 .1
9 .0

7 .0
4 .9
8 .7
1 5 .2

1 5 .7
1 5 .4
1 3 .0
1 3 .6

1 9 .3
- 1 .5
- 1 5 .8
4 .8

- 4 .5
- 3 .4
- 0 .5
3 .6

80930.
78100.
77831.
80952.

1 2 .1
8 .6
9 .3
1 1 .1

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

1572.
1546.
1275.
1226.

470.
-2 7 .
-2 7 1 .
-4 8 .

305.
340.
264.
125.

4 2 .7
- 1 .7
- 1 7 .5
- 3 .8

2 4 .0
2 8 .3
2 6 .1
1 1 .3

1 6 .4
1 7 .3
1 4 .0
1 4 .2

2 0 .9
5 .2
- 1 8 .8
1 .1

5 .0
1 2 .1
8 .2
4 .4

95572.
89337.
90742.
86310.

1 8 .1
1 4 .4
1 6 .6
6 .6

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

. |
.1
.|
.1

1555.
1623.
1397.
1439.

328.
68.
-2 2 5 .
42.

-1 8 .
77.
123.
213.

2 6 .8
4 .4
- 1 3 .9
3 .0

- 1 .1
5 .0
9 .6
1 7 .3

1 5 .3
1 6 .7
1 4 .8
1 5 .5

7 .8
8 .9
- 1 1 .0
4 .8

- 6 .9
- 3 .6
5 .6
9 .4

101522.
97320.
94199.
92597.

6 .2
8 .9
3 .8
7 .3

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

.1
.1
.|
.|

2064.
2271.
1874.
2183.

625.
207.
-3 9 7 .
309.

509.
648.
476.
743.

4 3 .4
1 0 .0
- 1 7 .5
1 6 .5

3 2 .8
4 0 .0
3 4 .1
5 1 .6

1 8 .1
1 9 .7
1 7 .8
1 8 .7

1 6 .3
9 .0
- 9 .7
5 .4

1 8 .1
1 8 .2
2 0 .0
2 0 .6

114174.
115259.
105295.
116407.

1 2 .5
1 8 .4
1 1 .8
2 5 .7

1 9 8 0 - Q 1 .• • • . J
- Q 2 ------- .1
- Q 3 ------- .1
- Q 4 ------- .1

2901.
2942.
1827.
1950.

718.
41.
-1 1 1 5 .
123.

837.
671.
-4 7 .
-2 3 3 .

3 2 .9
1 .4
- 3 7 .9
6 .7

4 0 .5
2 9 .6
- 2 .5
- 1 0 .7

2 1 .8
2 2 .9
1 4 .6
1 6 .1

1 6 .5
5 .1
- 3 6 .6
1 0 .4

2 0 .8
1 6 .5
- 1 8 .2
- 1 4 .3

132832.
128228.
125480.
121303.

1 6 .3
1 1 .3
1 9 .2
4 .2

.|
.|
.|
.|

3080.
3234.
2612.
2449.

1130.
154.
-6 2 2 .
-1 6 3 .

179.
292.
785.
499.

5 8 .0
5 .0
- 1 9 .2
- 6 .3

6 .2
9 .9
4 3 .0
2 5 .6

2 0 .9
2 2 .3
1 8 .9
1 7 .9

3 0 .3
6 .4
- 1 5 .0
- 5 .3

- 4 .1
- 2 .9
3 0 .1
1 1 .6

147060.
145193.
137928.
136468.

1 0 .7
1 3 .2
9 .9
1 2 .5

I

1 9 7 4 —Q1« . . .
- Q 2 ------- Q 3 ....
- Q 4 -------

1 9 8 1 - Q 1 ....
—Q2-------Q 3 ------- Q 4 ....




-2 .
-5 6 .
46.

20
TABLE 2 2 2 . 2Q

FEDEBAL LAND BANKS
LOAMS CLOSED
SEASONALLY-ADJUSTED ANNUAL BATE

AMOUNT
1
1
|
MILLIONS OF DOLLARS
QUARTER
1
|
CLOSED
| CHANGE FROM PREVIOUS
1
IN
|
___QUARTER 1 QUARTER_____ .YEAR____
1
******
******
******
1964—Q1. • . . . |
******
******
******
- Q 2 ------ . ]
******
******
******
- Q 3 ------- _ |
******
******
******
—Q 4 .. , • . ]
1
******
******
1 9 6 5 - Q 1 ____ . J * * * * * *
******
******
******
- Q 2 ------- . |
******
******
******
- Q 3 ------ . j
******
******
******
- Q 4 ------- |
i
******
******
******
1 9 6 6 - Q 1 ------ . |
******
******
******
- Q 2 ------- „ j
******
******
******
- Q 3 ------- . j
******
******
******
- Q 4 ------- j
1
1 9 6 7 -Q 1 ____ . j
- Q 2 ------- . j
- Q 3 ------- . j
- Q 4 ------- , j
i
|
i
j
i
i
1 9 6 9 -Q 1 ____ . ]
. j
- Q 3 .... . j
- Q 4 ------- i
1 9 6 8 -Q 1 ____ .
- Q 2 ------- .
- Q 3 ------- .
- Q 4 ------- .

NUMBER OF LOANS
PERCENTAGE CHANGE
FROM PREVIOUS
QUARTER

YEAR '

1

AVERAGE SIZ E

PERCENTAGE CHANGE
FROM PBEVIOUS

THOUSANDS!
i
_
...
1

QUARTER

DOLLARS

PERCENTAGE
CHANGE
FROM
PREVIOUS
YEAR

YEAR

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

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

5 2 .5
4 9 .4
5 6 .0
6 2 .8

*****
- 6 .0
1 3 ,4
1 2 .2

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

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

****
*»**
****
****

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

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

6 0 .0
5 6 .8
57. 1
5 9 .8

- 4 .5
- 5 .3
0 .5
4 .7

1 4 .2
1 5 .1
2 .0
- 4 .8

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

*»**
****
****
****

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

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

6 0 .4
6 1 .0
5 7 .8
3 4 .4

1 .0
1 .0
- 5 .3
- 4 0 .5

0 .7
7 .4
1 .2
- 4 2 .5

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

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

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

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

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

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

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

4 3 .7
47. 1
4 9 .7
5 4 .8

2 6 .8
7 .9
5 .6
1 0 .1

- 2 7 .8
- 2 2 .8
- 1 4 .0
5 9 .1

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

****
****
****
*♦**

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

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

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

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

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

4 5 .3
4 0 .4
3 6 .5
4 0 .1

- 1 7 .3
- 1 0 .8
- 9 .5
9 .7

3 .7
- 1 4 .3
- 2 6 .5
- 2 6 .8

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

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

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

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

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

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

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

4 3 .0
4 3 .8
3 4 .5
2 9 .6

7 .4
1 .7
- 2 1 .3
- 1 4 .0

- 4 .9
8 .4
- 5 .7
-2 6 . 1

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

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

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

.1
]
. |
.1

981.
994.
971.
1133.

******
13.
-2 3 .
162.

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

*****
1 .4
- 2 .3
1 6 .7

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

3 1 .9
2 9 .9
3 1 .9
3 5 .3

7 .6
- 6 .2
6 .5
1 0 .9

- 2 5 .9
- 3 1 .6
- 7 .5
1 9 -2

30745.
33209.
30453.
32059.

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

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

.J
.!
.1
.|

1352.
1577.
1610.
1709.

219.
225.
33.
99.

372.
584.
639.
576.

1 9 .3
1 6 .7
2 .1
6 .2

3 7 .9
5 8 .7
6 5 .8
5 0 .8

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

5 .3
1 3 .4
0 .5
0 .2

1 6 .7
4 1 .0
3 3 .0
2 0 .2

3634 5 .
37380.
37967.
40223.

1 8 .2
1 2 .6
24,. 7
2 5 .5

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

1811.
1917.
2506.
2881.

102.
106.
589.
375.

459.
339.
896.
1171.

5 .9
5 .8
3 0 .7
1 5 .0

3 3 .9
2 1 .5
5 5 .6
6 8 .5

4 5 .9
4 6 .8
5 2 .9
5 6 .7

8 .0
2 .1
1 2 .9
7 .3

2 3 .3
1 1 .0
2 4 .7
3 3 .5

39465.
40927.
47381.
50785.

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

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

3107.
3078.
3208.
3335.

226.
-2 9 .
130.
127.

1296.
1161.
702.
454.

7 .9
- 0 .9
4 .2
4 .0

7 1 .6
6 0 .6
2 8 .0
1 5 .8

5 7 .8
5 9 .2
5 6 .4
5 7 .3

2 .0
2 .3
- 4 .8
1 .6

2 6 .1
2 6 .4
6 .6
0 .9

53715.
51995.
56916.
58245.

3 6 .1
2 7 .0
2 0 .1
1 4 .7

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

3361.
3843.
4474.
4242.

27.
482.
630.
-2 3 2 .

254.
766.
1266.
907.

0 .8
1 4 .3
1 6 .4
- 5 .2

8 .2
2 4 .9
3 9 .5
2 7 .2

5 7 .1
6 2 .3
6 8 .3
6 2 .8

- 0 .3
9 .1
9 .6
- 8 .0

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

58887.
61691.
65532.
67566.

9 .6
1 8 .6
1 5 .1
1 6 .0

1 9 7 5 - Q 1 ____ . |
- Q 2 --------. |
- Q 3 ------- . J
- Q 4 ------- .1
I
1 9 7 6 - Q 1 ____ . |
- Q 2 --------.1
—Q 3 . . . . .1
- Q 4 ------- .1

4296.
4200.
4148.
4250.

54.
-9 6 .
-5 2 .
102.

934.
357.
-3 2 5 .
8.

1 .3
- 2 .2
- 1 .2
2 .5

2 7 .8
9 .3
- 7 .3
0 .2

6 2 .4
5 9 .0
5 6 .5
5 6 .1

- 0 .6
- 5 .5
- 4 .2
- 0 .7

9 .3
- 5 .3
- 1 7 .2
- 1 0 .6

68823.
71191.
73404.
75747.

1 6 .9
1 5 -4
1 2 .0
1 2 .1

4545.
4376.
4538.
4915.

294.
-1 6 9 .
162.
377.

249176.
390.
665.

6 .9
- 3 .7
3 .7
8 .3

5 .8
4 .2
9 .4
1 5 .7

5 9 .2
5 6 ,8
5 6 .1
5 8 .2

5 .5
- 4 .0
- 1 .2
3 .7

- 5 .2
- 3 .7
- 0 .7
3 .8

76790.
77010.
80832.
8 4434.

1 1 .6
8 .2
1 0 .1
1 1 .5

1 9 7 7 - Q 1 .. . . . |
- Q 2 ------- , |
-Q 3 --------. i
- Q 4 ------- . |

5610.
5560.
5754.
5539.

695.
-5 0 .
194.
-2 1 4 .

1065.
1184.
1216.
624.

1 4 .1
- 0 .9
3 .3
- 3 .7

2 3 .4
2 7 .0
2 6 .8
1 2 .7

6 2 .2
6 3 .4
6 1 .0
6 1 .1

6 .8
1 .9
- 3 .8
0 .1

5 .1
1 1 .6
8 .6
4 .9

90194.
87711.
94381.
90734.

1 7 .5
1 3 .9
1 6 .8
7 .5

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

5563.
5796.
6405.
6576.

24.
233.
609.
171.

-4 7 .
236.
651.
1036.

0 .4
4 .2
1 0 .5
2 .7

- 0 .8
4 .3
1 1 .3
1 8 .7

5 8 .1
6 0 .7
6 4 .7
6 7 .1

- 4 .8
4 .5
6 .6
3 .7

- 6 .6
- 4 .2
6 .2
9 .9

95735.
95420.
98947.
97978.

6 .1
8 .8
4 .8
8 .0

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

.1
.1
.]
.|

7348.
8049.
8600.
9992.

772.
701.
551.
1392.

1785.
2253.
2195.
3416.

1 1 .7
9 .5
6 .8
1 6 .2

3 2 .1
3 8 .9
3 4 .3
5 2 .0

6 8 .3
7 1 .5
7 7 .8
8 1 .1

1 .6
4 .6
8 .9
4 .2

1 7 .6
1 7 .7
2 0 .2
2 0 .8

107534.
112609.
110506.
123249.

1 2 .3
1 8 .0
1 1 .7
2 5 .8

1 9 8 0 - Q 1 _____. |
- Q 2 ------- . |
- Q 3 --------. |
- Q 4 ------- .1

10375.
10333.
8374.
8931.

383-4 3 .
-1 9 5 8 .
557.

3027.
2284.
-2 2 6 .
-1 0 6 1 .

3 .8
- 0 .4
- 1 9 .0
6 .6

4 1 .2
2 8 .4
- 2 .6
- 1 0 .6

8 2 .7
8 3 .3
6 3 .9
6 9 .5

2 .0
0 .7
- 2 3 .3
8 .8

2 1 .0
1 6 .5
- 1 7 .9
- 1 4 .2

125441.
124085.
131080.
128434.

1 6 .7
1 0 .2
1 8 .6
4 .2

10967.
1 9 8 1 - Q 1 ____ . J
- Q 2 ------- . |
11350.
- Q 3 ------- . |
12049.
11324.
- Q 4 ------- . |
- J _________

2036.
383.
699.
-7 2 5 .

592.
1017.
3674.
2393.

2 2 .8
3 .5
6 .2
- 6 .0

5 .7
9 .8
4 3 .9
2 6 .8

7 8 .7
8 0 .8
8 3 .2
7 8 .1

1 3 .2
2 .6
3 .0
- 6 .1

- 4 .9
- 3 .0
3 0 .2
1 2 .3

139384.
140543.
144895.
144949.

1 1 .1
1 3 .3
1 0 .5
1 2 -S




TABLE

2 2 2 . 3Q

FEDEEA1 LAND BANKS
LOANS CLOSED
FOUR-QUARTER MOVING TOTAL
1
1
|

TEAR
ENDING—

AMOUNT
MILLIONS OF DOLLARS

NUMBER OF LOANS
j

PERCENTAGE CHANGE
FROM PREVIOUS

|
|

PERCENTAGE
CHANGE
FROM
PREVIOUS
TEAR

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

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

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

3 .8
3 .7
0 .3
- 1 .1

*****
*****
*****
6 .7

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

****
****
****
*♦**

5 8 .6
5 9 .8
5 9 .8
5 4 .0

0 .4
2 .0
0 .1
- 9 .8

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

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

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

|
|
|
|

4 9 .4
4 5 .5
4 3 .7
4 8 .5

- 8 .4
- 7 .9
- 4 .0
1 0 .9

- 1 5 .7
- 2 3 .8
- 2 6 .9
- 1 0 .2

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

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

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

j
|
|
|

4 8 .9
4 7 .0
4 4 .2
4 0 .8

0 .8
- 3 .8
- 6 .0
- 7 .6

- 1 .1
3 .2
1 .1
- 1 5 .8

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

♦***
****
****
*♦*♦

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

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

|
|
j
|

4 0 .3
4 1 .2
4 0 .8
3 8 .4

- 1 .2
2 .0
- 0 .9
- 5 .9

-1 7 -5
- 1 2 .5
- 7 .8
- 6 .0

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

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

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

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

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

|
|
|
^

3 5 .2
3 1 .3
3 0 .8
3 2 .2

- 8 .3
- 1 1 .0
- 1 .5
4 .4

- 1 2 .8
- 2 3 .9
- 2 4 .3
- 1 6 .1

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

****
****
*♦**
****

107.
158.
143.
130.

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

1 0 .5
1 4 .1
1 1 .2
9 .2

*****
*****
*****
5 2 .9

|
j
|
|

3 3 .7
3 6 .9
3 9 .4
4 1 .1

4 .6
9 .7
6 .7
4 .2

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

33359.
34696.
36154.
37870.

****
****
****
2 0 .0

PREVIOUSJ
1 QUARTER
-TEAR
1_

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

|
END OF
| CHANGE FROM
1 QUARTER 1
_____________ 1 QUARTER____
i
j
******
*****
j
******
*****
j
******
*****
J
******
*****

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

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

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

|
|
|

J

*****
*****
*****
5 4 .8

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

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

j
j
|
j

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

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

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

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

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

|
|
|
f

5 6 .8
5 8 .9
5 9 .1
5 8 .4

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

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

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

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

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

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

|
|
|
j

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

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

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

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

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

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

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

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

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

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

1 9 6 9 ^ Q 1 .... * |
- Q 2 ------- . ]
“ Q3------- . j
- Q 4 ------- . |

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

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

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

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

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

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

1124.
1282.
1425.
1555.

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

AVERAGE SIZ E

PERCENTAGE CHANGE
FROM PREVIOUS
DOLLARS

i

TEAR

THOUSANDS|
|
J
1

QUARTER

TEAR

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

1679*
1771.
1971.
2238.

124.
92.
200.
267.

556.
490.
547.
683.

8 .0
5 .5
1 1 .3
1 3 .5

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

|
|
1
J

4 3 .2
4 4 .5
4 7 .0
5 0 .3

5 .3
2 .9
5 .7
7 .0

2 8 .4
2 0 .5
1 9 .4
2 2 .6

38839.
39812.
41908.
44458.

1 6 .4
1 4 .7
1 5 .9
1 7 .4

2596*
2912.
3073.
3169.

358.
316.
161.
96.

916.
1140.
1102.
931.

1 6 .0
1 2 .2
5 .5
3 .1

5 4 .6
6 4 .4
5 5 .9
4 1 .6

|
1
|
|

5 3 .4
5 6 .7
5 7 .8
5 7 .8

6 .1
6 .2
1 .9
0 .1

2 3 .5
2 7 .4
2 2 .8
1 4 .9

48616.
51350.
53181.
54802.

2 5 .2
2 9 .0
2 6 .9
2 3 .3

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

3239.
3449.
3737.
3940.

70.
210.
288.
203.

643.
537.
664.
771.

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

2 4 .8
1 8 .5
2 1 .6
2 4 .3

1
|
1
1

5 7 .4
5 8 .3
6 1 .1
6 2 .4

- 0 .8
1 .5
4 .9
2 .1

7 .4
2 .7
5 .8
7 .9

56459.
59207.
61150.
63118.

1 6 .1
1 5 .3
1 5 .0
1 5 .2

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

4193.
4297.
4220.
4219.

253.
103.
-7 7 .
-1 .

954.
848.
483.
279.

6 .4
2 .5
- 1 .8
- 0 .0

2 9 .5
2 4 .6
1 2 .9
7 .1

|
1
|
|

6 3 .6
6 2 .8
6 0 .1
5 8 .6

2 .0
- 1 .4
- 4 .3
- 2 .6

1 0 .9
7 .8
- 1 .7
- 6 .2

65883.
68435.
70215.
72056.

1 6 .7
1 5 .6
1 4 .8
1 4 .2

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

4302.
4359.
4440.
4585.

83.
57.
81.
145.

109.
62.
220.
366.

2 .0
1 .3
1 .9
3 .3

2 .6
1 .4
5 .2
8 .7

f
|
|
|

5 7 .8
5 7 .3
5 7 .2
5 7 .7

- 1 .3
- 0 .9
- 0 .1
0 .8

- 9 .2
- 8 .8
- 4 .8
- 1 .5

74412.
76105.
77608.
79480.

1 2 .9
1 1 .2
1 0 .5
1 0 .3

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

4890.
5231.
5494.
5619.

305.
340.
264.
125.

588.
871.
1054.
1034.

6 .6
7 .0
5 .0
2 .3

1 3 .7
2 0 .0
2 3 .7
2 2 .5

|
|
|
|

5 8 .5
6 0 .4
6 1 .4
6 2 .0

1 .4
3 .2
1 .8
1 .0

1 .1
5 .4
7 .3
7 .5

83619.
86669.
89470.
90616.

1 2 .4
1 3 .9
1 5 .3
1 4 .0

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

.|
.|
.|
.|

5602.
5678.
5801.
6014.

-1 8 .
77.
123.
213.

711.
448.
307.
395.

- 0 .3
1 .4
2 .2
3 .7

1 4 .5
8 .6
5 .6
7 .0

|
|
|
|

6 0 .9
6 0 .2
6 1 .0
6 2 .4

- 1 .8
- 1 .0
1 .3
2 .2

4 .1
- 0 .2
- 0 .6
0 .6

92020.
94257.
95052.
96432.

1 0 .0
8 .8
6 .2
6 .4

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

6523.
7171.
7648.
8391.

509.
648.
476.
743.

922.
1493.
1847.
2377.

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

1 6 .5
2 6 .3
3 1 .8
3 9 .5

|
I
|
|

6 5 .1
6 8 .2
7 1 .1
7 4 .3

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

7 .0
1 3 .1
1 6 .5
1 9 .2

100160.
105219.
107537.
112899.

8 .8
1 1 .6
1 3 .1
1 7 .1

1 9 8 0 -Q 1 .. . . . |
- Q 2 ------- . J
- Q 3 ------- .1
- Q 4 ------- . |

9228.
9899.
9852.
9619.

837.
671.
-4 7 .
-2 3 3 .

2705.
2728.
2204.
1228.

1 0 .0
7 .3
- 0 .5
- 2 .4

4 1 .5
3 8 .0
2 8 .8
1 4 .6

J
J
|
1

7 8 .1
8 1 .3
7 8 .1
7 5 .4

5 .1
4 .2
- 4 .0
- 3 .4

1 9 .9
1 9 .3
9 .8
ft.5

118179.
121721.
126165.
127555.

1 8 .0
1 5 .7
1 7 .3
1 3 .0

1 9 8 1 - Q 1 .... .J
9798.
- Q 2 ------- . |
10090.
- Q 3 ------- . |
10876.
- Q 4 ------- . |
11375.
-1 —

179.
292.
785.
499.

570.
191.
1024.
1756.

1 .9
3 .0
7 .8
4 .6

6 .2
1 .9
1 0 .4
1 8 .3

|
|
|
|

7 4 .5
7 3 .8
7 8 .2
8 0 .1

- 1 .2
- 0 .9
5 .9
2 .4

- 4 .6
- 9 .2
0 .2
6 .2

131490.
136637.
139026.
142009.

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




22
IABLE

2 2 3 . IQ
LOANS

1
1
QUARTER
i BILLIONS |
OF
|
1
1 DOLLARS |
_L
___ L
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
1 9 6 6 - Q 1 ..
- Q 2 ..
-Q 3 ..
-Q 4 -.
1
1 9 6 7 -Q 1 . .
- Q 2 ..
- Q 3 ..
-Q 4 -.
1
1 9 6 8 - Q 1 .•
-Q 2 ..
-Q 3 . - Q 4 ...
1
1 9 6 9 - Q 1 ..
**Q2. •
- Q 3 ..,
- Q 4 ...
1
1 9 7 0 - Q 1 . ..
- Q 2 ...
- Q 3 ...
“ Q4- • . . I
I|
1 9 7 1 - Q 1 . .. - . 1
- Q 2 ...
- 0 3 ...
- Q 4 ...
1i
1 9 7 2 - Q 1 . ..
- Q 2 ...
- Q 3 .• .
- Q 4 ...
1|
1 9 7 3 - Q 1 ...
- Q 2 ...
- Q 3 ...
- 0 4 ...
1
1 9 7 4 - Q 1 . ..
-Q 2 .. .
- Q 3 ...
- Q 4 ...
If
1 9 7 5 - Q 1 . ..
- 0 2 ...
- Q 3 ...
- 0 4 ...
1
1 9 7 6 - Q 1 . ..
- Q 2 ...
- Q 3 ...
- Q 4 ...
1
1 9 7 7 - Q 1 . ..
- 0 2 ...
- 0 3 ...
—Q 4 .• .
1
1 9 7 8 - Q 1 . ..
- 0 2 ...
- Q 3 .- .
- Q 4 ... ..1
1l
1 9 7 9 - Q 1 ...
- Q 2 ...
- 0 3 ...
- Q 4 ...
J
1 9 8 0 - Q 1 . ..
- 0 2 ...
- Q 3 .. .
- Q 4 .. . ..1
J
19 8 1 -Q 1 • • . . . 1
- Q 2 ...
- 0 3 ...
- Q 4 ...
___ L_
* LOANS

LOANED

LOANS CLOSED
PERCENT AGE CHANGE
FROM PREVIOUS
QUARTER

YEAR

NEH MONEY LOANED

J AS PERCENTAGE OF
|
REPAY1 LOANS ODTSE ITS
1 STAMDING*

MILLIONS
OF
DOLLARS
_

I
PERCENTAGE CHANGE
|
FROM PREVIOUS
|
YEAR
1 ...QUARTER

i
AS PERCENTAGE OF
i
| LOANS OUTREPAY­
±
STANDING*
MENTS

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

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

**♦*
****
****
*♦*♦

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

183.
173.
161.
190.

*****
- 5 .6
- 6 .8
1 8 .3

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

****
5 .1
4 .6
5 .3

*****
274.
283.
205.

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

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

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

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

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

260.
237.
176.
214.

3 6 .7
- 9 .0
- 2 5 .7
2 1 .7

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

7 .0
6. 1
4 .3
5. 1

295342.
282.
204.

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

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

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

♦***
***♦
****
****

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

300.
316.
238.
158.

4 0 .3
5 .3
- 2 4 .7
- 3 3 .8

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

7 .0
7 .1
5 .0
3 .2

292.
455.
381.
157.

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

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

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

****
***♦
****
****

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

248.
259.
214.
277.

5 7 .2
4 .6
- 1 7 .6
2 9 .7

- 1 7 .5
- 1 8 .0
- 1 0 .3
7 5 .9

5 .0
5. 1
4 .0
5 .1

265.
384.
319.
234.

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

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

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

****
****
****
***♦

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

296.
253.
163.
190.

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

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

5 .3
4 .4
2 .7
3 .1

267.
343.
227.
148.

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

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

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

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

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

311.
319.
194.
162.

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

5 .2
2 6 .0
1 8 .8
- 1 4 .7

5 .1
5. 1
3 .0
2 .4

261.
396.
264.
129.

272.
270.
214.
261.

*****
- 0 .8
- 2 0 .6
2 1 .7

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

4 .1
4 .0
3 .1
3 .7

235.
360.
279.
200.

235.
236.
184.
215.

4 5 .0
0 .4
- 2 2 .1
1 7 .0

- 2 4 .4
- 2 6 .0
- 5 .0
3 2 .7

3 .5
3 .5
2 .6
3 .0

203.
315.
240.
165.

379.
428.
357.
391.

4 5 .3
1 3 .0
- 1 6 .5
9 .5

3 9 .3
5 8 .5
6 6 .8
5 0 .0

5 .3
5 .8
4 .7
5 .0

276.
422.
357.
245.

298.
333.
288.
310.

3 8 .2
1 2 .0
- 1 3 .7
7 ,9

2 6 .5
4 1 .2
5 6 .4
4 4 .1

4 .1
4 .5
3 .8
4 .0

217.
329.
288.
194.

503.
520.
557.
658.

2 8 .6
3 .3
7 .3
1 8 .0

3 2 .8
2 1 .5
5 6 .0
6 8 .2

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

277.
383.
459.
361.

404.
422.
445.
525.

3 0 .1
4 .5
5 .3
1 8 .1

3 5 .7
2 6 .6
5 4 .5
6 9 .2

5 .1
5 .2
5 .3
6 .0

222.
311.
366.
288.

861.
835.
719.
754.

3 0 .9
- 3 .0
- 1 3 .9
4 .9

7 1 .1
6 0 .7
2 9 .0
1 4 .6

9 .5
8 .7
7 .1
7 .2

365.
476.
474.
342.

712.
685.
599.
643.

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

7 6 .2
6 2 .3
3 4 .8
2 2 .4

7 .8
7 .2
5 .9
6 .1

302.
391.
395.
291.

931.
1045.
1007.
957.

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

8 .1
2 5 .1
4 0 .1
2 6 .9

8 .5
9 .1
8 .3
7 .4

337.
594.
652.
428.

796.
886.
855.
803.

2 3 .8
1 1 .2
- 3 .5
- 6 .0

1 1 .9
2 9 .2
4 2 .6
2 4 .9

7 .3
7 .7
7 .0
6 .2

288.
504.
553.
359.

1184.
1148.
930.
957.

2 3 .7
- 3 .0
- 1 9 .0
2 .9

2 7 .2
9 .9
- 7 .6
- 0 .1

8 .8
8 .1
6 .2
6 .2

444.
613.
516.
335.

990.
946.
760.
782.

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

2 4 .3
6 .9
- 1 1 .1
- 2 .7

7 .4
6 .7
5 .1
5 .0

371.
505.
422.
274.

1267.
1205.
1011.
1102.

3 2 .5
- 4 .9
-1 6 . 1
9 .0

7 .0
4 .9
8 .7
1 5 .2

7 .9
7 .2
5 .8
6 .1

350.
459.
438.
334.

1048.
966.
810.
872.

3 4 .1
- 7 .9
- 1 6 .2
7 .7

5 .9
2 .0
6 .6
1 1 .5

6 .5
5 .8
4 .7
4 .8

289.
368.
351.
264.

1572.
1546.
1275.
1226.

4 2 .7
- 1 .7
- 1 7 .5
- 3 .8

2 4 .0
2 8 .3
2 6 .1
1 1 .*

8 .5
8 .0
6 .3
5 .9

336.
444.
428.
338.

1274.
1208.
981.
955.

4 6 .1
- 5 .2
- 1 8 .8
- 2 .6

2 1 .5
2 5 .0
2 1 .2
9 .6

6 .9
6 .2
4 .9
4 .6

273.
347.
330.
263.

1555.
1623.
1397.
1439.

2 6 .8
4 .4
- 1 3 .9
3 .0

- 1 .1
5 .0
9 .6
1 7 .3

7 .2
7 .3
6 .0
6 .0

327.
433.
481.
347.

1244.
1272.
1098.
1145.

3 0 .2
2 .3
- 1 3 .6
4 .2

- 2 .4
5 .3
1 1 .9
1 9 .8

5 .8
5 .7
4 .7
4 .8

261.
339.
378.
276.

2064.
2271.
1874.
2183.

4 3 .4
1 0 .0
- 1 7 .5
1 6 .5

3 2 .8
4 0 .0
3 4 .1
5 1 .6

8 .4
8 .8
6 .9
7 .7

414.
590.
593.
517.

1681.
1795.
1485.
1717.

4 6 .9
6 .8
- 1 7 .3
1 5 .6

3 5 .2
4 1 .1
3 5 .2
5 0 .0

6 .8
6 .9
5 .4
6 .0

337.
467.
470.
407.

2901.
2942.
1827.
1950.

3 2 .9
1 .4
- 3 7 .9
6 .7

4 0 .5
2 9 .6
- 2 .5
- 1 0 .7

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

568.
945.
594.
480.

2389.
2389.
1479.
1586.

3 9 .1
0 .0
- 3 8 .1
7 .2

4 2 .1
3 3 .1
- 0 .4
- 7 .7

8 .0
7 .6
4 .4
4 .5

468.
768.
481.
391.

3080.
3234.
2612.
2449.

5 8 .0
5 .0
- 1 9 .2
- 6 .3

6 .2
9 .9
4 3 .0
2 5 .6

8 .5
8 .5
6 .5
5 .8

611.
870.
925.
596.

2502.
2622.
2105.
1966.

5 7 .8
4 .8
- 1 9 .7
- 6 .6

4 .7
9 .8
4 2 .3
2 4 .0

6 .9
6 .9
5 .2
4 .7

496.
706.
746.
479.

ODISTANDING




FEDEBAL LAUD BANKS
C L O S E O AND NEW H O N E Y

AT

END OF

PRECEDING

QUARTER.

'

23

TABLE

2 2 3 . 2Q

FEDERAL LAND BANKS
LOANS CLOSED AND NEH MONEY LOANED
SEASONALLY-ADJUSTED ANNUAL BALE
J
1
1 MILLIONS ]
J
OF
J
|
DOLLARS |

QUARTER

LOANS CLOSED

NEH MONEY LOANED

PERCENTAGE CHANGE f
AS PERCENTAGE OF
FROM PREVIOUS
|
REPAY..........................1 LOANS OUT-

MILLIONS |
OF
|
DOLLARS J

PERCENTAGE! CHANGE
FROM PREVIOUS

|
AS PERCENTAGE OF
1
| LOANS OUTREPAY-

1
. |
. J
. J
]

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

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

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

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

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

629.
613.
761.
892.

*****
- 2 .7
2 4 .3
1 7 .2

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

****
18.
22.
25.

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

1
|
|
j
|

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

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

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

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

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

891.
836.
836.
1006.

- 0 .1
- 6 .2
0 .0
2 0 .3

4 1 .6
3 6 .4
9 -8
1 2 .7

24.
21.
21.
24.

291.
246.
252.
303.

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

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

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

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

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

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

1019.
1118.
1138.
737.

1 .4
9 .7
1 .8
- 3 5 .2

1 4 .4
3 3 .8
3 6 .1
- 2 6 .7

24.
25.
24.
15.

289.
329.
343.
230.

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

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

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

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

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

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

839.
912.
1026.
1296.

1 3 .9
8 .6
1 2 .5
2 6 .3

- 1 7 .6
- 1 8 .4
- 9 .8
7 5 .8

17.
18.
19.
24.

262.
274.
288.
343.

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

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

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

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

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

1014.
890.
787.
883.

- 2 1 .8
- 1 2 .2
- 1 1 .5
1 2 .2

2 0 .8
- 2 .4
- 2 3 .2
- 3 1 .9

18.
15.
13.
15.

270.
246.
207.
214.

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

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

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

♦***
**♦*
****
****

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

1054.
1127.
930.
744.

1 9 .3
6 .9
- 1 7 .5
- 2 0 .0

3 .9
2 6 .6
1 8 .1
- 1 5 .8

17.
18.
14.
11.

262.
287.
240.
182.

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

981.
994.
971.
1133.

*****
1 .4
- 2 .3
1 6 .7

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

15.
15.
14.
16.

253.
276.
240.
262.

807.
843.
879.
973.

8 .5
4 .4
4 .3
1 0 .7

- 2 3 .4
- 2 5 .2
- 5 .5
3 0 .8

12.
12.
13.
14.

208.
234.
218.
225.

1 9 7 1 - Q 1 .... . J
- Q 2 ------- .1
- Q 3 ------- .{
- Q 4 ------- . |

1352.
1577.
1610.
1709.

1 9 .3
1 6 .7
2 .1
6 .2

3 7 .9
5 8 .7
6 5 .8
5 0 .8

19.
21.
21.
22.

298.
328.
306.
313.

1019.
1205.
1349.
1394.

4 .7
1 8 .2
1 2 .0
3 .3

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

14.
16.
18.
18.

224.
250.
256.
255.

1 9 7 2 - Q l.... . |
—Q 2«. . • . J
- Q 3 ------ . |
- Q 4 ------- . J

1811.
1917.
2506.
2881.

5 .9
5 .8
3 0 .7
1 5 .0

3 3 .9
2 1 .5
5 5 .6
6 8 .5

23.
23.
30.
33.

304.
300.
391440.

1406.
1540.
2061.
2336.

0 .8
9 .6
3 3 .8
1 3 .4

3 8 .0
2 7 .9
5 2 .7
6 7 .5

18.
19.
25.
27.

236.
241.
322.
357.

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

3107.
3078.
3208.
3335.

7 .9
- 0 .9
4 .2
4 .0

7 1 .6
6 0 .6
2 8 .0
1 5 .8

34.
32.
32.
32.

414.
381.
403.
410.

2502.
2518.
2740.
2860.

7 .1
0 .6
8 .8
4 .4

7 8 .0
6 3 .5
3 2 .9
2 2 .4

27.
26.
27.
27.

333.
312.
344.
351.

1974—Q 1 .. . . .1
- Q 2 ------- . J
- Q 3 ------- . |
- Q 4 ------- .}

3361.
3843.
4474.
4242.

0 .8
1 4 .3
1 6 .4
- 5 .2

8 .2
2 4 .9
3 9 .5
2 7 .2

31.
33.
37.
33.

389.
485.
553.
500.

2817.
3263.
3871.
3571.

- 1 .5
1 5 .8
1 8 .6
- 7 .7

1 2 .6
2 9 .6
4 1 .3
2 4 .9

26.
28.
32.
28.

326.
412.
478.
421.

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

4296.
4200.
4148.
4250.

1 .3
- 2 .2
- 1 .2
2 .5

2 7 .8
9 .3
- 7 .3
0 .2

32.
30.
28.
27.

532.
502.
434.
395.

3521.
3480.
3441.
3482.

- 1 .4
- 1 .2
- 1 .1
1 .2

2 5 .0
6 .6
- 1 1 .1
- 2 .5

26.
24.
23.
23.

436.
416.
360.
324.

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

4545.
4376.
4538.
4915.

6 .9
- 3 .7
3 .7
8 .3

5 .8
4 .2
9 .4
1 5 .7

28.
26.
26.
27.

398.
381.
370.
387.

3685.
3530.
3677.
3907.

5 .8
- 4 .2
4 .2
6 .2

4 .7
1 .5
6 .9
1 2 .2

23.
21.
21.
22.

322.
307.
300.
308.

19 7 7 —Q1. . . . . |
- Q 2 ------- . |
- Q 3 ------- . |
- Q 4 ------- . |

5610.
5560.
5754.
5539.

1 4 .1
- 0 .9
3 .5
- 3 .7

2 3 .4
2 7 .0
2 6 .8
1 2 .7

30.
29.
29.
27.

388.
365.
371.
393.

4466.
4372.
4470.
4337.

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

2 1 .2
2 3 .9
2 1 .6
1 1 .0

24.
23.
22.
21-

309.
287.
288.
308.

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

5563.
5796.
6405.
6576.

0 .4
4 .2
1 0 .5
2 .7

- 0 .8
4 .3
1 1 -3
1 8 .7

26.
26.
28.
28.

374.
356.
415.
408.

4381.
4564.
5081.
5271.

1 .0
4 .2
1 1 .3
3 .7

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

20.
21.
22.
22.

295.
281.
330.
327.

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

7348.
8049.
8600.
9992.

1 1 .7
9 .5
6 .8
1 6 .2

3 2 .1
3 8 .9
3 4 .3
5 2 .0

30.
31.
32.
35.

474.
482.
516.
609.

5887.
6389.
6877.
7928.

1 1 .7
8 .5
7 .6
1 5 .3

3 4 .4
4 0 .0
3 5 .3
5 0 .4

24.
25.
25.
28.

380.
383.
413.
483.

19 8 0 -Q 1 . . . . . |
- Q 2 ------- . |
- Q 3 ------- . |
—Q4------- . |

10375.
10333.
8374.
8931.

3 .8
- 0 .4
- 1 9 .0
6 .6

4 1 .2
2 8 -4
- 2 .6
- 1 0 .6

35.
33.
25.
26.

658.
762.
512.
566.

8406.
8399.
6839.
7321.

6 .0
- 0 .1
- 1 8 .6
7 .0

4 2 .8
3 1 .5
- 0 .5
- 7 .7

28.
27.
20.
21.

533.
620.
418.
464.

1 9 8 1 -Q 1 . . . . . (
- Q 2 ------- .1
- Q 3 ------- . J
- Q 4 ------- . |

10967.
11350.
12049.
11324.

2 2 .8
3 .5
6 .2
- 6 .0

5 .7
9 .8
4 3 .9
2 6 .8

30.
30.
30.
27.

703.
700.
811.
729.

8763.
9218.
9796w
9181.

1 9 .7
5 .2
6 .3
- 6 .3

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

24.
24.
25.
22-

561.
568.
659.
591.

1 9 6 4 -Q 1 . . . .
- Q 2 ------—Q3------- Q 4 -------

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

1
j
|
|
J
1
1 9 6 9 - Q 1 .• . . . |
- Q 2 ------- . |
- Q 3 ------- . j
—Q4------ j

1 9 6 8 -Q 1 ____ .
- Q 2 ------- .
- Q 3 ------- .
- Q 4 -------

___
* SEASONALLY-ADJUSTED




LOANS

OUTSTANDING

AT

END

OF

PRECEDING

QUARTER.

SABLE

FEDERAL LAND BANKS
LOANS CLOSED AND NEB MONEY LOANED
FOUR-QUARTER MOVING TOTAL

223.3Q

LOANS CLOSED
|
TEAR
ENDING—

| MILLIONS
|
OF
1 DOLLARS
1
1
1
j
******
|
******
j
******
j
******

CHANGE FROM
PREVIOOS YEAR
MILLIONS
OF
- DOLLARS _

PERCENT
. ,
..

|

|
AS PERCENTAGE OF
.........
. ..
LOANS OUT­
STANDING*
_______ ___ _ ..

|

REPAY­
MENTS

NEB MONEY LOANED
|
CHANGE FROM
MILLIONS j|
PREVIOOS YEAR
OF
|[
____ ____
.....
.
DOLLARS || MILLIONS
OF
PERCENT
1|
.
1l DOLLARS _
.. -....... -

f
AS PERCENTAGE C l
|I
1I
REPAY*
1| LOANS OUTJ|
STANDING*
MENTS
_
1I ..

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

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

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

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

******
******
******
707.

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

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

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

****
*♦♦*
****
****

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

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

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

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

****
*♦**
*♦**
****

784.
848.
863.
887.

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

*****
*****
*****
2 5 .5

22.
23.
23.
22.

261.
276.
276.
273.

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

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

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

****
****
****
**♦*

****
*♦♦*
****
****

927.
1007.
1069.
1012-

143.
158.
205.
125.

1 8 .2
1 8 .6
2 3 .8
1 4 .1

23.
24.
24.
22.

273.
297.
315.
302.

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

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

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

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

****
****
♦*♦*
♦ ***

960.
902.
87$.
998.

32.
-1 0 4 .
-1 9 1 .
-1 5 .

3 .5
- 1 0 .3
- 1 7 .8
- 1 .4

20.
18.
17.
19.

295.
279.
267.
288.

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

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

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

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

*♦**
****
*♦**
****

1045.
1040.
989.
902.

86.
137.
111.
-9 5 .

9 .0
1 5 .2
1 2 .7
- 9 .5

19.
19.
17.
15.

288.
281.
264.
234.

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

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

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

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

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

918.
984.
1014.
986.

-1 2 8 .
-5 6 .
25.
84.

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

15.
16.
16.
15.

233.
246.
252.
248.

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

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

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

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

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

911.
828.
818.
871.

-7 .
-1 5 6 .
-1 9 7 .
-1 1 6 .

- 0 .8
- 1 5 .9
- 1 9 .4
- 1 1 .7

14.
12.
12.
13.

230.
212.
208.
219.

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

1124.
1282.
1425.
1555.

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

*****
*****
*****
5 2 .9

16.
18.
20.
21.

268.
288.
304.
312.

933.
1030.
1134.
1229.

23.
203.
316.
358.

2 .5
2 4 .5
3 8 .7
4 1 .2

13.
14.
16.
16.

223.
231.
242.
247.

1 9 7 2 - Q 1 .. . . . |
- Q 2 ------- .1
- Q 3 --------. ]
- Q 4 ------- . j

1679.
1771.
1971.
2238.

556.
490.
547.
683.

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

22.
23.
24.
27.

309.
307.
329.
360.

1335.
1424.
1581.
1796.

402.
394.
447.
567.

43. 1
3 8 .2
3 9 .4
4 6 .1

17.
18.
20.
22.

246.
247.
264.
289.

.1
.1
.1
.|

2596.
2912.
3073.
3169.

916.
1140.
1102.
931.

5 4 .6
6 4 .4
5 5 .9
4 1 .6

30.
33.
33.
32.

385.
407.
412.
404.

2103.
2367.
2521.
2639.

768.
942.
940.
843.

5 7 .5
6 6 .2
5 9 .5
4 7 .0

24.
26.
27.
27.

312.
331.
338.
337.

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

3239.
3449.
3737.
3940.

643.
537.
664.
771.

2 4 .8
1 8 .5
2 1 .6
2 4 .3

32.
32.
33.
33.

393.
418.
451.
474.

2724.
2924.
3179.
3340.

620.
557.
658.
701.

2 9 .5
2 3 .5
2 6 .1
2 6 .5

26.
27.
28.
28.

330.
354.
384.
402.

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

4193.
4297.
4220.
4219.

954.
848.
483.
279.

2 9 .5
2 4 .6
1 2 .9
7 .1

34.
33.
30.
29.

511.
516.
492.
459.

3533.
3594.
3499.
3478.

809.
670.
320.
138.

2 9 .7
2 2 .9
1 0 .1
4 .1

28.
27.
25.
24.

430.
432.
408.
378.

.|
. |
.1
.1

4302.
4359.
4440.
4585.

109.
62.
220.
366.

2 .6
1 .4
5 .2
8 .7

28.
28.
27.
27.

424.
400.
389.
387.

3536.
3556.
3605.
3696.

3.
-3 9 .
106.
218.

0 .1
- 1 .1
3 .0
6 .3

23.
23.
22.
22.

348.
326.
316.
312.

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

4890.
5231.
5494.
5619.

588.
871.
1054.
1034.

1 3 .7
2 0 .0
2 3 .7
2 2 .5

28.
29.
29.
28.

379.
380.
381.
381.

3921.
4163.
4335.
4418.

385.
608.
729.
723.

1 0 .9
1 7 .1
2 0 .2
1 9 .6

22.
23.
23.
22.

304.
303.
300.
299.

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

5602.
5678.
5801.
6014.

711.
448.
307.
395.

1 4 .5
8 .6
5 .6
7 .0

27.
27.
26.
27.

377.
376.
386.
386.

4388.
4452.
4569.
4758.

466.
289.
234.
340.

1 1 .9
6 .9
5 .4
7 .7

21.
21.
21.
21.

296.
295.
304.
306.

1 9 7 9 - Q 1 - ... . |
- Q 2 ------- .1
- Q 3 . . . . •1
- Q 4 ------- .1
J
1 9 8 0 - Q 1 . . . . .1
- Q 2 ------- .1
- Q 3 ------- . |
- Q 4 . .. . .J

6523.
7171.
7648.
8391.

922.
1493.
1847.
2377.

1 6 .5
2 6 .3
3 1 .8
3 9 .5

28.
29.
30.
32.

413.
452.
474.
518.

5195.
5719.
6106.
6678.

808.
1267.
1536.
1920.

1 8 .4
2 8 .4
3 3 .6
4 0 .4

22.
23.
24.
25.

329.
360.
378.
412.

9228.
9899.
9852.
9619.

2705.
2728.
2204.
1228.

4 1 .5
3 8 .0
2 8 .8
1 4 .6

33.
34.
32.
30.

565.
635.
635.
626.

7386.
7980.
7974.
7842.

2190.
2262.
1868.
1164.

4 2 .2
3 9 .5
3 0 .6
1 7 .4

27.
27.
26.
24.

452.
512.
514.
511.

19 8 1 -Q 1 • • • • . J
- Q 2 ------- .{
- Q 3 .... . |
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9798.
10090.
10876.
11375.

570.
191.
1024.
1756.

6 .2
1 .9
1 0 .4
1 8 .3

29.
28.
29.
29.

641.
635.
695.
725.

7955.
8188.
b814.
9194.

569.
208.
840.
1352.

7 .7
2 .6
1 0 .5
1 7 .2

23.
23.
24.
24.

520.
515.
564.
586.

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

J
j
j
j
j
1
.
|
1 9 6 6 - Q 1 ....
- Q 2 ------- „ |
- Q 3 ------- . |
- Q « ------- , ]

1 9 6 5 —Q1. . . • .
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- Q 3 ------- .
,

1
„|
. |
.|
. j
i
1 9 6 8 -Q 1 .. . . , |
- Q 2 ------- . J
- Q 3 ------- . |
- Q 4 ------- , j
i
1 9 6 9 -Q 1 ..« • . j
- Q 2 ------- . j
- Q 3 ------- . j
- Q 4 ------- j
1
1 9 7 0 - Q 1 .... . j
- Q 2 ------- . J
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- Q 4 .. . . . |
1 9 6 7 - Q 1 ....
- Q 2 ------- Q 3 ------- Q 4 .* ..

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

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

J.
* AVEBAGE LOANS




OUTSTANDING

DOSING

THE

PRECEDING

FOOR

QUARTERS

{AVERAGE O F

END-OF-QDARTEB

DATA).

25

TABLE

2 2 4 . 1Q

FEDEfiAL LAND BANKS
REFINANCING AND REPAYMENTS
1
1
1
1
QUARTER
i MILLIONS |
1
OF
|
1 DOLLARS 1
1
1
1
******
1 9 6 4 - Q 1 .. . . „ |
******
- Q 2 ------- . |
******
- Q 3 ------- .1
******
- Q 4 ------- ]

REFINANCING OF FEDEfiAL LAND BANK LOANS
PERCENTAGE CHANGE
FROM PREVIOUS
QUARTER

YEAR
____

REPAYMENTS

|
AS PERCENTAGE OF
|
LOANS
REPAYMENTS
1 LOANS OUTCLOSED
1 STANDING*
AND
REFINANCING
1

1
MILLIONS |
OF
|
DOLLARS |
1

PERCENTAGE CHANGE
FROM PBEVIOUS
QUARTER

YEAR

AS
| PERCENTAGE
OF
1
J LOANS OUT­
1 STANDING*

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

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

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

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

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

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

*****
*****
- 9 .7
6 3 .3

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

****
1 .9
1 .6
2 .6

1 9 6 5 - Q 1 .... „]
- Q 2 ------- . i
- Q 3 ------- . i
- Q 4 ------- , j

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

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

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

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

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

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

88.
69.
62.
105.

- 5 .2
**21.4
- 1 0 .0
6 7 .9

*****
1 0 .0
9 .6
1 2 .7

2 .4
1 .8
1 .5
2 .5

1 9 6 6 - Q 1 .. . . i
- Q 2 ------- . i
- Q 3 ------- . i
- Q 4 ------- , j
i
1 9 6 7 -Q 1 . . . . . j
- Q 2 ------ . j
- Q 3 ------- . j
- Q 4 ------ , ]

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

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

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

♦***
****
****
***♦

****
***♦
****
****

****
***♦
****
****

103.
69.
62.
101.

- 1 .8
- 3 2 .5
- 1 0 .2
6 1 .1

1 6 .7
0 .2
0 .0
- 4 .0

2 .4
1 .6
1 .3
2 .1

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

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

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

****
*♦♦*
****
****

****
*♦**
**♦*
****

****
****
*♦**
****

93.
67.
67.
118.

- 7 .2
- 2 7 .8
- 0 .6
7*6.9

- 9 .3
- 3 .0
7 .3
1 7 .8

1 .9
1 .3
1 .3
2 .2

1 9 6 8 -Q 1 ____ . i
- Q 2 ------- _ i
- Q 3 ------- . |
- Q 4 ------- j
i
1 9 6 9 - Q 1 .... „ |
- Q 2 ------- . |
- Q 3 ------- . j
- Q 4 ------- , J

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

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

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

***♦
****
**♦*
****

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

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

111.
74.
72.
129.

- 6 .6
- 3 3 .2
- 2 .9
7 9 .3

1 8 .5
9 .7
7 .2
8 .7

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

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

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

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

****
*♦**
****
****

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

****
****
♦***
****

119.
81.
73.
125.

- 7 .4
- 3 2 .5
- 8 .9
7 0 .9

7 .8
8 .9
2 .2
- 2 .6

1 .9
1 .3
1 .1
1 .9

37.
34.
30.
45.

*****
-8 . 1
- 1 0 .4
5 0 .0

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

0 .5
0 .5
0 .4
0 .6

13.
13.
14.
17.

24.
31.
28.
26.

116.
75.
77.
130.

- 7 .6
- 3 5 .3
2 .4
7 0 .0

- 2 .9
- 7 .0
4 .5
4 .0

1 .7
1. 1
1 .1
1 .8

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

i
.1
.1
.J
.1

.(
.1
.|
.|
I
19 7 2 —Q t____ .1
- Q 2 ------- . |
- Q 3 ------- • J
- Q 4 ------- - |

81.
94.
70.
81.

7 8 .9
1 6 .5
- 2 6 .3
1 6 .0

1 2 0 .8
1 8 0 .0
1 3 0 .3
7 8 .2

1 .1
1 .3
0 .9
1 .0

2122.
19.
21.

37.
48.
41.
34.

137.
101.
100.
160.

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

1 8 .5
3 5 .2
3 0 .3
2 2 .6

1 .9
1 .4
1 .3
2 .1

99.
98.
113.
133.

2 2 .8
- 1 .7
1 5 .8
1 7 .6

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

1 .3
1 .2
1 .3
1 .5

20.
19.
20.
20.

35.
42.
48.
42.

182.
136.
121.
182.

1 3 .6
- 2 5 .3
- 1 0 .5
4 9 .9

3 2 .4
3 4 .0
2 1 .5
1 3 .8

2 .3
1 .7
1 .4
2 .1

1 9 7 3 -Q 1 . . . . . i
-Q 2 ------- . J
- Q 3 ------- . |
- Q 4 ------- . (

149.
150.
120.
111.

1 2 .4
0 .5
- 2 0 .2
- 7 .2

5 0 .5
5 3 .8
6 .0
- 1 6 .3

1 .6
1 .6
1 .2
1 .1

17.
18.
17.
15.

39.
46.
44.
33.

236.
175.
152.
221.

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

2 9 .7
2 9 .3
2 4 .9
2 1 .3

2 .6
1 .8
1 .5
2 .1

.i
.J
.|
.1

135.
159152.
154.

2 1 .3
1 8 .3
- 4 .6
1 .1

- 9 .7
6 .3
2 7 .2
3 8 .6

1 .2
1 .4
1 .3
1 .2

14.
15.
15.
16.

33.
48.
50.
41.

277.
176.
154.
224.

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

1 7 .3
0 .2
1 .8
1 .2

2 .5
1 .5
1 .3
1 .7

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

195.
202.
170.
175.

2 6 .5
3 .7
- 1 5 .7
2 .9

4 4 .4
2 6 .6
1 1 .8
1 3 .7

1 .4
1 .4
1 .1
1 .1

16.
18.
18.
18.

42.
52.
49.
38.

267.
187.
180.
286.

1 9 .4
- 2 9 .8
- 3 .8
5 8 .6

- 3 .5
6 .6
1 6 .6
2 7 .8

2 .0
1 .3
1 .2
1 .8

1 9 7 6 -Q 1 ------- . |
- Q 2 ------- , |
- Q 3 ------- . )
- Q 4 ------- . |

219.
239.
201.
230.

2 5 .2
9 .2
- 1 5 .9
1 4 .2

1 2 .5
1 8 .5
1 8 .3
3 1 .4

1 .4
1 .4
1 .2
1 .3

17.
20.
20.
21.

38.
48.
47.
41.

362.
262.
231.
330.

2 6 .7
- 2 7 .5
- 1 2 .1
4 3 .0

3 5 .7
4 0 .1
2 8 .0
1 5 .4

2 .3
1 .6
1 .3
1 .8

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

298.
338.
294.
271.

2 9 .6
1 3 .4
- 1 3 .1
- 7 .7

3 6 .0
4 1 .2
4 5 .9
1 7 .8

1 .6
1 .7
1 .5
1 .3

19.
22.
23.
22.

39.
49.
50.
43.

467.
348.
298.
363.

4 1 .7
- 2 5 .5
- 1 4 .5
2 1 .9

2 9 .1
3 2 .6
2 9 .0
1 0 .0

2 -5
1 .8
1 .5
1 .7

311.
351.
299.
295.

1 4 .7
1 2 .8
- 1 4 .7
- 1 .5

4 .3
3 .8
1 .9
8 .7

1 .4
1 .6
1 .3
1 .2

20.
22.
21.
20.

40.
48.
51.
42.

476.
375.
290.
415.

3 1 .2
- 2 1 .2
- 2 2 .6
4 3 .1

1 .8
7 .7
- 2 .5
1 4 .4

2 .2
1 .7
1 .3
1 .7

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

383.
476.
389.
465.

3 0 .0
2 4 .2
- 1 8 .3
1 9 .7

2 3 .2
3 5 .6
2 9 .9
5 7 .9

1 .6
1 .8
1 .4
1 .6

19.
21.
21.
21.

43.
55.
55.
52.

498.
385.
316.
422.

1 9 .9
- 2 2 .8
- 1 7 .9
3 3 .6

4 .6
2 .6
8 .9
1 .7

2 .0
1* 5
1 .2
1 .5

1 9 8 0 - Q 1 .• • . . |
- Q 2 ____ . |
- Q 3 .. . . . |
- Q 4 ------- . |

512.
553.
348.
364.

1 0 .1
7 .9
- 3 7 .1
4 .7

3 3 .7
1 6 .2
- 1 0 .5
- 2 1 .8

1 .7
1 .7
1 .0
1 .0

18.
19.
19.
19.

50.
64.
53.
47.

511.
311.
308.
406.

2 1 .0
- 3 9 .1
- 1 .1
3 1 .9

2 .6
- 1 9 .1
- 2 .6
- 3 .8

1 .7
1 .0
0 .9
1 .2

5 8 .9
5 .8
- 1 7 .1
- 4 .8

1 2 .9
1 0 .7
4 5 .9
3 2 .7

1 .6
1 .6
1 .3
1. 1

19.
19.
19.
20.

53.
62.
64.
54.

504.
372.
282.
411.

2 4 .2
- 2 6 .3
- 2 4 .0
4 5 .5

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

1 .4
1 .0
0 .7
1 .0

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

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

578.
1 9 8 1 - Q 1 ------- . |
612.
—Q 2 .• . • .1
507.
-Q 3 . . . . . |
483.
- Q 4 ------- . |
- J ______________

* LOANS OUTSTANDING AT END OF PRECEDING QUARTER.
••REFINANCING O F F E D E R A L L A N D
••REPAYMENTS” A R E C O M P U T E D AS




B A N K L O A N S ” I S C O M P U T E D AS L O A N S C L O S E D LESS NEB H ONEY
NEN HONEY L O ANED LE S S T H E C H A N G E IN LOANS OUTSTANDING.

LOANED.

TABLE

2 2 4 . 2Q

FEDERAL LAND BANKS
REFINANCING AND REPAYMENTS
SEASONALLY-ADJUSTED ANNUAL BATE
I
1
1
UUABTER
1 MILLIONS
J
OF
|
DOLLARS
1
1
******
1 9 6 4 -Q 1 . • . • „ |
******
- Q 2 ------- . |
******
- Q 3 ------- . j
******
- Q 4 ------- |
i
.{
******
1 9 6 5 - Q 1 ....
******
- Q 2 ------- . j
.
j
*
*****
- Q 3 ------******
- Q 4 ------- , j
1 9 6 6 -Q 1 ____
- Q 2 ------- . j
“ Q3------- . j
- Q 4 ------- , j
. j
. j
.]
.j

REFINANCING OF FEDERAL LAND BANK LOANS
PERCENTAGE CHANGE
FROM PREVIOUS

REPAYMENTS

|
AS PERCENTAGE OF
|
LOANS
REPAYMENTS
1 LOANS OUTSTANDING*
CLOSED
AND
|
REFINANCING
1

I
MILLIONS |
OF
|
DOLLARS |
1

PERCENTAGE CHANGE
FROM PREVIOUS

AS
|
| PERCENTAGE
OF
| LOANS OUT1 _ STANDING*

QUARTER

YEAR
____

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

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

♦***
****
**♦*
***♦

****
****
****
**♦*

**♦*
****
****
****

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

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

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

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

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

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

*♦**
*♦**
****
****

****
****
♦♦**
****

****
****
****
*♦**

306.
339.
332.
332.

*****
1 0 .8
- 2 .2
0 .1

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

8 .2
8 .7
8 .2
8 .0

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

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

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

****
«*♦*
****
****

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

****
****
****
*♦**

353.
340.
332.
320.

6 .2
- 3 .7
- 2 .3
- 3 .6

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

6 .2
7 .6
7 .1
6 .6

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

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

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

****
♦***
****
****

**♦*
****
****
****

****
****
****
**♦*

320.
333.
356.
378.

0 .1
3 .9
7 .1
6 .0

-9 . 1
- 2 .0
7 .4
1 8 .0

6 .4
6 .5
6 .8
7 .0

|
|
j
j
i
1 9 6 9 - Q 1 .• . • . j
- Q 2 ------- . j
“ Q3------- , j
- Q 4 ------ . j

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

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

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

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

*♦**
**♦*
****
**♦*

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

376.
362.
380.
413.

- 0 .4
- 3 .7
4 .9
8 .7

1 7 .4
8 .8
6 .7
9 .4

6 .7
6 .2
6 .4
6 .8

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

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

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

****
****
*♦**
****

***♦
**♦*
****
****

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

403.
393.
387.
408.

- 2 .5
- 2 .4
- 1 .6
5 .6

7. 1
8 .5
1 .7
- 1 .2

6 .5
6 .2
5 .9
6 .1

1 9 7 0 -Q 1 • . • . . J
- Q 2 ------- . J
- Q 3 ------- . J
- Q 4 ------- .1

129.
124.
141.
195.

******
- 3 .6
1 3 .2
3 8 .5

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

1 .9
1 .8
2 .0
2 .8

13.
13.
14.
17.

25.
26.
26.
31.

388.
361.
404.
433.

- 5 .0
- 7 .0
1 1 .9
7 .2

- 3 .7
- 8 .2
4 .4
6 .0

5 .7
5 .3
5 .8
6 .1

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

286.
347.
321.
353.

4 6 .6
2 1 .4
- 7 .4
9 .9

1 2 1 .5
1 7 9 .0
1 2 8 .4
8 1 .3

4 .0
4 .7
4 .3
4 .6

21.
22.
20.
21.

39.
42.
38.
39.

454.
481.
527.
547.

5 .0
5 .9
9 .5
3 .7

1 7 .1
3 3 .4
3 0 .5
2 6 .3

6 .3
6 .5
7 .0
7 .1

1 9 7 2 -Q 1 . . . . . |
- Q 2 ------- . |
- Q 3 ------- . !
- f i 4 ------- . |

357.
357.
516.
573.

1 .2
- 0 .2
4 4 .8
1 0 .9

2 5 .1
2 .8
6 0 .7
6 2 .1

4 .5
4 .4
6 .2
6 .6

20.
19.
21.
20.

38.
36.
45.
47.

595.
638.
640.
655.

8 .9
7 .2
0 .4
2 .3

3 1 .0
3 2 .6
2 1 .5
1 9 .8

7 .5
7 .8
7 .6
7 -5

1 9 7 3 - Q 1 .... • i
“ Q2------- . ]
- Q 3 ------- . |
- Q 4 ------- . |

546.
546.
538.
487.

- 4 .6
- 0 .1
- 1 .4
- 9 .6

5 2 .8
5 3 .1
4 .3
- 1 5 .0

6 .0
5 .7
5 .4
4 .6

18.
18.
17.
15.

42.
40.
40.
37.

750.
808.
797.
814.

1 4 .5
7 .7
- 1 .4
2 .1

2 6 .0
2 6 .7
2 4 .4
2 4 .2

8 .2
8 .4
7 .9
7 .8

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

500.
577.
672.
670.

2 .7
1 5 .4
1 6 .5
- 0 .3

- 8 .5
5 .7
2 4 .8
3 7 ,6

4 .5
5 .0
5 .5
5 .2

15.
15.
15.
16.

37.
42.
45.
44.

865.
793.
810.
849.

6 .3
- 8 .3
2 .2
4 .9

1 5 .3
- 1 .9
1 .6
4 .4

7 .9
6 .9
6 .7
6 .6

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

737.
724.
743.
772.

1 0 .1
- 1 .9
2 .6
4 .0

4 7 .5
2 5 .4
1 0 .5
1 5 .3

5 .5
5 .1
5 .0
5 .0

17.
17.
18.
18.

48.
46.
44.
42.

808.
836.
956.
1076.

- 4 .8
3 .4
1 4 .3
1 2 .6

- 6 .6
5 .5
1 8 .0
2 6 .7

6 .0
5 .9
6 .4
7 .0

. |
.1
.1
.|

831.
848.
877.
1024.

7 .6
2 .0
3 .3
1 6 .8

1 2 .7
1 7 .2
1 8 .0
3 2 .6

5 .2
5 .1
5 .1
5 .7

18.
1919.
21.

42.
42.
42.
45.

1143.
1149.
1226.
1269.

6 .2
0 .5
6 .7
3 .5

4 1 .5
3 7 .5
2 8 .3
1 7 .9

7 .1
6 .9
7 .1
7 .1

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

1126.
1185.
1280.
1225.

1 0 .0
5 .2
8. 1
- 4 .3

3 5 .4
3 9 .7
4 6 .0
1 9 .6

6 .0
6 .1
6 .4
5 .9

20.
21.
22.
22.

44.
44.
45.
46.

1447.
1523.
1551.
1410.

1 4 .0
5 .3
1 .8
- 9 .1

2 6 .6
3 2 .5
2 6 .5
1 1 .2

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

1 9 7 8 -Q 1 . . • • •1
- Q 2 ------- . |
- 0 3 ------- .1
—Q4------- . |

t1 7 8 .
1218.
1319,
1340.

- 3 .8
3 .4
8 .3
1 .5

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

5 .5
5 .5
5 .7
5 -6

21.
21.
2120.

44.
43.
46.
45.

1486.
1627.
1542.
1612.

5 .4
9 .5
- 5 .2
4 .5

2 .7
6 .8
- 0 .6
1 4 .3

6 .9
7 .3
6 .7
6 .7

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

1456.
1632.
1735.
2122.

8 .7
1 2 .1
6 .3
2 2 .4

2 3 .6
3 4 .0
3 1 .5
5 8 .4

5 .9
6 .3
6 .4
7 .5

20.
20.
20.
21.

48.
49.
51.
56.

1549.
1669.
1665.
1640.

- 3 .9
7 .8
- 0 .2
- 1 .5

4 .2
2 .6
8 .0
1 .7

6 .2
6 .5
6 .2
5 .8

1 9 8 0 - Q 1 • . • • .1
- Q 2 ------- . |
- Q 3 ------- .1
-Q 4 ------- . |

1970.
1883.
1553.
1663.

- 7 .2
- 4 .4
- 1 7 .5
7 .1

3 5 .3
1 5 .4
- 1 0 .5
- 2 1 .7

6 .6
5 .9
4 .6
4 .8

19.
18.
19.
19.

56.
58.
49.
51.

1577.
1355.
1635.
1578.

- 3 .9
- 1 4 .0
2 0 .6
- 3 .4

1 .8
- 1 8 .8
- 1 .9
- 3 .7

5 .3
4 .3
4 .9
4 .5

1 9 8 1 -Q 1 • * . • , |
- 0 2 ------- . |
- Q 3 .. . . . |
- 0 4 ------- . 1

2217.
2076.
2279.
2213.

3 3 .3
- 6 .4
9 .8
- 2 .9

1 2 .5
1 0 .2
4 6 .8
3 3 .1

6 .1
5 .4
5 .7
5 .3

20.
18.
19.
20.

59.
56.
61.
59.

1561.
1622.
1486.
1554.

- 1 .1
3 .9
- 8 .4
4 .5

- 1 .0
1 9 .7
- 9 .1
- 1 .6

4 .3
4 .3
3 .7
3 .7

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

1 9 6 8 - Q 1 .. . . .
- Q 2 ------- .
- Q 3 ------- .
- Q 4 -------

1 9 7 6 - Q 1 ....
- Q 2 .. . .
- Q 3 ....
—Q 4 .. . .

QUARTER

YEAR

* SEASONALLY-ADJUSTED LOANS OUTSTANDING AT END OF PRECEDING QUARTER.
"REFINANCING
"REPAYMENTS"




OF FEDERAL LAND
A R E C O M P U T E D AS

B A N K LOANS'* I S C O M P U T E D A S L O A N S
HEN HOMEY LOANED LESS THE CHANGE

CL O S E D L E S S NEW H O N E Y LOANED, AND T H E N S E A S O N A L L Y ADJUSTED.
IN L OANS O U T S T A N D I N G , AND T HEN S E A S O N A L L Y ADJUSTED.

27

TABLE

FEDERAL LAND BANKS
REFINANCING AND REPAYMENTS
FOUR-QUARTER NOTING TOTAL

224. 3 Q

1
I
i
| MILLIONS
YEAR
ENDING—
1
OF
)
DOLLARS
)
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 ... . . |
j
******
“ Q4- - .

REFINANCING OF FEDERAL LAND BANK LOANS

REPAYMENTS

CHANGE FROM
PREVIOUS YEAR
MILLIONS
OF
DOLLARS

|
|
AS PERCENTAGE OF
1
REPAYMENTS
LOANS
1 LOANS OUT­
STANDING*
CLOSED
AND
PERCENT )
REFINANCING
____ r .__. . 1

CHANGE FROM
PREVIOUS YEAR

1
MILLIONS J
OF
|
DOLLARS ) MILLIONS
OF
_
1 DOLLARS

|
AS
| PERCENTAGE
OF
1
1 LOANS OUT­
PERCENT |
STANDING*
i

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

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

****
****
****
*♦**

****
****
***♦
****

****
***♦
*♦**
****

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

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

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

****
****
♦***
****

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

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

♦♦**
****
****
****

****
***♦
***♦
****

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

301.
307.
313.
325.

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

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

8 .4
8 .3
8 .2
8 .2

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

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

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

****
*♦**
****
****

****
****
****
♦***

339.
339.
339.
335.

38.
32.
27.
11.

1 2 .7
1 0 .4
8 .5
3 .3

8 .3
8 .0
7 .7
7 .3

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

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

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

****
♦***
****
****

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

326.
324.
328.
346.

-1 4 .
-1 6 .
-1 1 .
11.

- 4 .0
- 4 .6
-3 -3
3 .3

6 .8
6 .6
6 .5
6 .7

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

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

****
*♦♦*
****
****

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

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

363.
370.
375.
385.

38.
46.
47.
39.

1 1 .6
1 4 .3
1 4 .2
1 1 .3

6 .8
6 .7
6 .6
6 .6

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

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

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

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

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

394.
400.
402.
399.

30.
30.
27.
13.

8 .3
8 .2
7 .2
3 .5

6 .6
6 .5
6 .4
6 .2

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

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

****
****
****
2. 1

****
****
****
14.

****
****
****
27.

395.
389.
393.
398.

1.
-1 1 .
-9 .
-1 .

0 .3
- 2 .7
- 2 .3
- 0 .2

6 .0
5 .8
5 .8
5 .8

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

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

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

2 .7
3 .5
4 .0
4 .4

17.
20.
20.
21.

31.
36.
38.
40.

419.
446.
469.
498.

24.
56.
76.
101.

6. 1
1 4 .4
1 9 .4
2 5 .3

6 .0
6 .2
6 .4
6 .7

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

154.
96.
100.
116.

8 0 .7
3 8 .2
3 4 .4
3 5 .7

4 .5
4 .4
4 .8
5 .3

20.
20.
20.
20.

39.
38.
39.
42.

543.
577.
599.
621.

124.
132.
130.
123.

2 9 .5
2 9 .6
2 7 .7
2 4 .6

7 .1
7 .4
7 .4
7 .5

148.
198.
161.
88.

4 3 .1
5 7 .0
4 1 .3
1 9 .8

5 .7
6 .1
5 .9
5 .4

19.
19.
18.
17.

42.
43.
43.
40.

675.
715.
745.
784.

132.
138.
146.
163.

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

7 .8
e .o
8 .0
8 .0

23.
-2 0 .
6.
70.

4 .7
- 3 .7
1 .1
1 3 .3

5 .0
4 .9
4 .9
5 .1

16.
15.
15.
15.

38.
39.
40.
42.

825.
825.
828.
830.

150.
110.
83.
47.

2 2 -2
1 5 .4
1 1 .1
6 .0

8 .0
7 .7
7 .3
7 .0

145.
178.
163.
141.

2 8 .1
3 3 .9
2 9 .3
2 3 .5

5 .3
5 .3
5 .2
5. 1

16.
16.
17.
18.

45.
46.
46.
45.

821.
832.
858.
920.

-4 .
7.
30.
90.

- 0 .5
0 .9
3 .7
1 0 .8

6 .6
6 .3
6 .2
6 .3

106.
101.
114.
148.

1 6 .0
1 4 .3
1 5 .8
1 9 .9

5 .1
5 .1
5 .1
5 .2

18.
18.
19.
19.

43.
42.
42.
43.

1015.
1091.
1141.
1185.

195.
258.
283.
265.

2 3 .7
3 1 .0
3 3 .0
2 8 .8

6 .7
6 .9
7 .0
7 .0

202.
264.
325.
311.

2 6 .4
3 2 .8
3 8 .9
3 5 .0

5 .5
5 .8
6. 1
6 .1

20.
20.
21.
21.

43.
44.
45.
45.

1291.
1376.
1443.
1476.

275.
286.
302291.

2 7 .1
2 6 .2
2 6 .5
2 4 .6

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

245.
159.
72.
55.

2 5 .3
1 4 .9
6 .2
4 .6

5 .9
5 .8
5 .6
5 .5

22.
22.
21.
21.

45.
45.
45.
45.

1485.
1512.
1504.
1557.

194.
135.
61.
80.

1 5 .0
9 .8
4 .2
5 .4

7 .3
7 .1
6 .9
6 .9

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

114.
226.
310.
457.

9 .4
1 8 .5
2 5 .2
3 6 .4

5 .7
6 .0
6 .1
6 .5

20.
20.
20.
20.

46.
48.
49.
51.

1579.
1588.
1614.
1621.

94.
77.
110.
64.

6 .3
5 .1
7 .3
4 .1

6 .7
6 .5
6 .3
6 .1

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

514.
466.
336.
64.

3 8 .7
3 2 .1
2 1 .8
3 .7

6 .6
6 .6
6 .1
5 .5

20.
19.
19.
18.

53.
55.
55.
54.

1634.
1560.
1552.
1536.

55.
-2 8 .
-6 2 .
-8 5 .

3 .5
- 1 .8
- 3 .8
- 5 .3

5 .9
5 .3
5 .0
4 .7

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

1.
-1 7 .
183.
404.

0 .0
- 0 .9
9 .8
2 2 .7

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

19.
19.
19.
19.

55.
54.
57.
58.

1529.
1589.
1564.
1568.

-1 0 5 .
29.
12.
33.

- 6 .4
1 .9
0 .8
2 .1

4 .5
4 .5
4 .2
4 .0

1 9 6 6 - Q 1 . ..
- Q 2 ...
- Q 3 ...
- Q 4 ... . . J
1
J
1 9 6 7 - Q l...
- Q 2 ...
- Q 3 ... .
- Q 4 ...
!
1 9 6 8 -Q 1 . . . .
- Q 2 ... . . j
- 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 . .. . . j
- Q 2 ...
- Q 3 ... . . j
- Q 4 ...

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

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

1 9 7 3 - Q 1 ...
- Q 2 ... . . J
- Q 3 ..•
- Q 4 ...
1
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 ...
1
1 9 7 6 - Q 1 ...
- Q 2 ...
- Q 3 ...
- Q 4 ...
1 9 7 7 - Q 1 . ..
- Q 2 ...
- Q 3 ...
- Q 4 ... . . |
1 9 7 8 - Q 1 ...
- Q 2 ... . . |
- Q 3 ...
- Q 4 ...

545.

516.

1201.
1226.

___i ___
* AVERAGE LOANS OUTSTANDING DURING THE PRECEDING FOUR QUARTERS (AVERAGE OF END-OF-QOARIBR DATA).
"REFINANCING OF FEDERAL LAND
" R E P A Y M E N T S " A R E C O M P U T E D AS




B A N K LOANS'* I S C O M P U T E D A S L O A N S C L O S E D L E S S N E H H O N E Y
NEH MONEY L O A N E D L ESS T H E C H A N G E IN L OANS O U TSTANDING.

LOANED.

28
TABLE

2 3 1 . 1Q
FARM

LIFE INSURANCE COMPANIES
MORTGAGES OUTSTANDING AND ACQUIRED

FARM MORTGAGES OUTSTANDING
MILLIONS OF DOLLARS
|
|

END OF
QUARTER

J __________

|

FARM MORTGAGES ACQUIRED

PERCENTAGE CHANGE

CHANGE FROM PREVIOUS
_

...

QUARTER

YEAR

1
1

QUARTER

YEAR

MILLIONS OF DOLLARS

|

PERCENTAGE CHANGE

ACQUIRED j| CHANGE FROM PREVIOUS|
IN
|1
1
QUARTER It QUARTER
YEAR
1

QUARTER

YEAR

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

!
.J
.1
.J
.|

3004.
3078.
3128.
317Q .

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 .
-3 9 .
33.

3.
36.
23.
26.

3 4 .5
- 5 .1
- 2 6 .4
3 0 .3

2 .0
3 2 .1
2 6 .7
2 2 .4

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

.1
.1
.|
.j

3 2 1 2 ..
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.
-3 5 .
-3 4 .
28.

35.
8.
13.
8.

3 4 .5
- 1 8 .3
- 2 1 .8
2 3 .0

2 2 .4
5 .4
1 1 .9
5 .6

1 9 6 3 - Q 1 .... |
- Q 2 ------- . f
- Q 3 ------- . J
- Q 4 ------- I

3464.
3592.
3713.
3792.

64.
128.
121.
79.

252.
306.
367.
392.

1 .9
3 .7
3 .4
2 .1

7 .8
9 .3
1 1 .0
1 1 .5

234.
22 7 .
206.
199.

84.
-7 .
-2 1 .
-7 .

43.
71.
84.
49.

5 6 .0
- 3 .0
- 9 .3
- 3 .4

2 2 .5
4 5 .5
6 8 .9
3 2 .7

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

.|
.|
,|
|

3921.
4086.
4197.
4304.

129.
165.
111.
107.

457.
494.
484.
512.

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

1 3 .2
1 3 .8
1 3 .0
1 3 .5

324.
273.
205.
245.

125.
-5 1 .
-6 8 .
40.

90.
46.
-1 .
46.

6 2 .8
- 1 5 .7
- 2 4 .9
1 9 .5

3 8 .5
2 0 .3
- 0 .5
2 3 .1

1 9 6 5 -Q 1 . . . .
-Q 2 ------- .J
- Q 3 ------- . (
- Q 4 ------- .J

4425.
4583.
4686.
4823.

121.
158.
103.
137.

504.
497.
489.
519.

2 .8
3 .6
2 .2
2 .9

1 2 .9
1 2 .2
1 1 .7
1 2 .1

382.
294.
203.
270.

137.
-8 8 .
-9 1 .
67.

58.
21.
-2 .
25.

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

1 7 .S
7 .7
- 1 .0
1 0 .2

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

4968.
5165.
5227.
5240.

145.
197.
62.
13.

543.
582.
541.
417.

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

1 2 .3
1 2 .7
1 1 .5
8 .6

388.
322.
146.
138.

118.
-6 6 .
-1 7 6 .
-e .

6.
28.
-5 7 .
-1 3 2 .

4 3 .7
- 1 7 .0
- 5 4 .7
- 5 .5

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

.J
.1
.J
•i

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

219.
205.
174.
239.

81.
-1 4 .
-3 1 .
65.

-1 6 9 .
-1 1 7 .
28.
101.

5 8 .7
- 6 .4
- 1 5 .1
3 7 .4

- 4 3 .6
- 3 6 .3
1 9 .2
7 3 .2

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

5634.
5731.
5776.
5803.

65.
97.
45.
27.

360.
354.
313.
234.

1 .2
1 .7
0 .6
0 .5

6 .8
6 .6
5 .7
4 .2

279.
200.
138.
155.

40.
-7 9 .
-6 2 .
17.

60.
-5 .
-3 6 .
-8 4 .

1 6 .7
- 2 8 .3
- 3 1 .0
1 2 .3

2 7 .4
- 2 .4
- 2 0 .7
- 3 5 .1

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

5785.
5849.
5865.
5773.

-1 8 .
64.
16.
-9 2 .

151.
11889.
-3 0 .

- 0 .3
1 .1
0 .3
- 1 .6

2 .7
2 .1
1 .5
- 0 .5

196.
178.
96.
70.

41.
-1 8 .
-8 2 .
-2 6 .

-8 3 .
-2 2 .
-4 2 .
-8 5 .

2 6 .5
- 9 .2
- 4 6 .1
- 2 7 .1

- 2 9 .7
- 1 1 .0
- 3 0 .4
- 5 4 .8

197Q -Q 1........... .1
- Q 2 ........... .J
- Q 3 ............ |
- Q 4 -------- . |

5675.
5670.
5667.
5649.

-9 8 .
-5 .
-3 .
-1 8 .

-1 1 0 .
-1 7 9 .
-1 9 8 .
-1 2 4 .

- 1 .7
- 0 .1
- 0 .1
- 0 .3

- 1 .9
- 3 .1
- 3 ,4
- 2 .1

80.
78.
68.
88.

10.
-2 .
-1 0 .
20.

-1 1 6 .
-1 0 0 .
-2 8 .
18.

1 4 .3
- 2 .5
- 1 2 .8
2 9 .4

- 5 9 .2
- 5 6 .2
- 2 9 .2
2 5 .7

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

5545.
5564.
5594.
5601.

-1 0 4 .
19.
30.
7.

-1 3 0 .
-1 0 6 .
-7 3 .
-4 8 .

- 1 .8
0 .3
0 .5
0 .1

- 2 .3
- 1 .9
- 1 .3
- 0 .8

92.
137.
127.
147.

4.
45.
-1 0 .
20.

12.
59.
59.
59.

4 .5
4 8 .9
- 7 .3
1 5 .7

1 5 .0
7 5 .6
8 6 .8
6 7 .0

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

5535.
5582.
5617.
5678.

-6 6 .
47.
35.
61.

-1 0 .
18.
23.
77.

- 1 .2
0 .8
0 .6
1 .1

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

159.
179.
155.
207.

12.
20.
-2 4 .
52.

67.
42.
28.
60.

8 .2
1 2 .6
- 1 3 .4
3 3 .5

7 2 .8
3 0 .7
2 2 .0
4 0 .8

1 9 7 3 - Q 1 ....., |
" Q 2 . . • • .]
- Q 3 ------ .J
- Q 4 ...........

5643.
5737.
5867.
5996.

-3 5 .
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
1 0 .8
0 .0
1 7 .0

4 0 .3
3 8 .0
5 9 .4
3 9 .6

1 9 7 4 - Q 1 . . . . , »J
- Q 2 ------ .1
- Q 3 -------- .1
- Q 4 ........... .|

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.

-1 2 .
-6 0 .
-2 .

54.
37.
-2 3 .
-6 7 .

- 4 .2
2 .5
- 2 1 .1
- 0 .9

2 4 .2
1 5 .0
- 9 .3
- 2 3 .2

1 9 7 5 - Q 1 . . . . . .J
- Q 2 ............ |
~ Q 3...........
- Q 4 -------- .J

6428.
6573.
6631.
6753.

101.
145.
58.
122.

429.
445.
384.
426.

1 .6
2 .3
0 .9
1 .8

7 .2
7 .3
6 .1
6 .7

363.
270.
170.
272.

141.
-9 3 ,
-1 0 0 .
102.

86.
-1 4 .
-5 4 .
50.

6 3 .5
- 2 5 .6
- 3 7 .0
6 0 .0

3 1 .0
- 4 .9
- 2 4 .1
2 2 .5

1 9 7 6 -Q 1 ...........»|
“ Q 2............ |
- Q 3 ........... . |
- Q 4 ............1

6815.
7005.
7184.
7425.

62.
190.
179.
241.

387.
432.
553.
672.

0 .9
2 .6
2 .6
3 .4

6 .0
6 .6
8 .3
1 0 .0

352.
384.
367.
437.

80.
32.
-1 7 .
70.

-1 1 .
114.
197.
165.

2 9 .4
9 .1
- 4 .4
1 9 .1

- 3 .0
4 2 .2
1 1 5 .9
6 0 .7

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

7640.
8139.
8475.
8842.

215.
499.
336.
367.

825.
1134.
1291.
1417.

2 .9
6 .5
4 .1
4 .3

1 2 .1
1 6 .2
1 8 .0
1 9 .1

549.
748565.
598.

112.
199.
-1 8 3 .
33.

197.
364.
198.
161.

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

5 6 .0
9 4 .8
5 4 .0
3 6 .8

1 9 7 8 -Q 1 ........... |
- Q 2 ....,.|
- Q 3 -------- Q 4 ...........>l

9205.
9712.
10116.
10499.

363.
507.
404.
383.

1565.
1573.
1641.
1657.

4. 1
5 .5
4 .2
3 .8

2 0 .5
1 9 .3
1 9 .4
1 8 .7

692.
799.
640.
617.

94.
107.
-1 5 9 .
-2 3 .

143.
51.
75.
19.

1 5 .7
1 5 .5
- 1 9 .9
- 3 .6

2 6 .0
6 .8
1 3 .3
3 .2

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

10927.
11480.
11864.
12180.

428.
553.
384.
316.

1722.
1768.
1748.
1681.

4 .1
5 .1
3 .3
?. 7

1 8 .7
1 8 .2
1 7 .3
1 6 .0

840.
878.
576.
585.

223.
38.
-3 0 2 .
9.

148.
79.
-6 4 .
-3 2 ,

3 6 .1
4 .5
- 3 4 .4
1 .6

2 1 .4
9 .9
- 1 0 .0
- 5 .2

1 9 8 0 -Q 1 ........... .J
- Q 2 ........... . |
- Q 3 ........... , |
- Q 4 ........... >|

12433.
12743.
12818.
12958.

253.
310.
75.
140.

1506.
1263.
954.
778.

2 .1
2 .5
0 .6
1 .1

1 3 .8
1 1 .0
8 .0
6 .4

614.
523.
190.
340.

29.
-S I.
-3 3 3 .
150.

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

5 .0
- 1 4 .8
- 6 3 .7
7 8 .9

- 2 6 .9
- 4 0 .4
- 6 7 .0
- 4 1 ,9

1 9 8 1 - Q 1 ........... >1
- Q 2 ............ |
- Q 3 ........... >|
- Q 4 ........... ,J

12966.
13032.
13136.
13089.

8.
66.
104.
-4 7 .

533.
289.
318.
131.

0 .1
0 .5
0 .8
- 0 .4

4 .3
2 .3
2 .5
1 .0

401.
305.
306.
157.

61.
-9 6 .
1.
-1 4 9 .

-2 1 3 .
-2 1 8 .
116.
-1 8 3 .

1 7 .9
- 2 3 .9
0 .3
- 4 8 .7

- 3 4 .7
- 4 1 .7
6 1 .1
- 5 3 .8

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




7.

29

TABLE

L IF E INSURANCE COMPANIES
FARM MORTGAGES OUTSTANDING AND ACQUIRED
SEASONALLY-ADJUSTED DATA

231.2Q

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

1
1
|
1
1
|
|
1
1
•J
.|
.|
|

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

QUARTER

FARM MORTGAGES OUTSTANDING
MILLIONS OP DOLLARS

|
J
i CHANGE FROM PREVIOUS!
END OF |
QUARTER
YEAR
!
QUARTER |
(SAAR)
1
........
i

FARM MORTGAGES ACQUIRED

PERCENTAGE CHANGE
FROM PREVIOUS
QUARTER
iSAARL

YEAR

MILLIONS OF DOLLARS
ACQUIRED
IN
QUARTER
1
{SAAR)

|
|
( CHANGE FROM PREVIOUS
|
|
YEAR
I QUARTER
1

PERCENTAGE CHANGE
FROM PREVIOUS
QUARTER

YEAR

3014.
3066.
3120.
3171.

123.
222.
214.
206.

150.
168.
180.
187.

4 .1
7 .3
7 .0
6 .6

5 .2
5 .8
6. 1
6 .3

487.
573.
560.
639.

-9 9 .
444.
-5 2 .
391.

15.
134.
119.
125.

- 1 9 .2
9 1 .2
- 9 .1
6 9 .9

3 .3
3 0 .4
2 7 .1
2 4 .3

|
|
|
1

3224.
3274.
3337.
3402.

219.
203.
260.
267.

210.
205.
216.
231.

6 .9
6 .3
7 .9
8 .0

7 .0
6 .7
6 .9
7 .3

605.
588.
624.
684.

-1 2 6 .
-6 4 .
156.
277.

117.
15.
64.
45.

- 1 9 .7
- 1 0 .6
2 6 .6
4 4 .4

2 4 .1
2 .6
1 1 .5
7 .0

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

3477.
3576.
3702.
3795.

314.
411.
534.
383.

253.
302.
366.
393.

9 .2
1 1 .8
1 4 .9
1 0 .3

7 .9
9 .2
1 1 .0
1 1 .6

736.
844.
1063.
901.

235.
535.
1279.
-5 1 5 .

131.
256.
439.
217.

3 4 .4
7 2 .7
1 5 1 .6
- 4 8 .5

2 1 .7
4 3 .5
7 0 .4
3 1 .7

1964-Q 1 .
• .1
- Q 2 ........... i
- Q 3 ..., .|
- Q 4 ------- I
I
1 9 6 5 -Q 1 ____ i
- Q 2 ------- .»
- Q 3 ------- I
- Q 4 ------- ]

3936.
4065.
4185.
4306.

597.
543.
504.
505.

458.
489.
483.
512.

1 5 .7
1 3 .8
1 2 .4
1 2 .1

1 3 .2
1 3 .7
1 3 .0
1 3 .5

1028.
1002.
1078.
1110.

627.
-1 0 1 .
345.
133.

291.
158.
15.
210.

6 9 .6
- 9 .8
3 4 .4
1 2 .3

3 9 .6
1 8 .7
1 ,5
2 3 .3

4440.
4558.
4673.
4823.

561.
489.
480.
628.

505.
493.
488.
517.

1 3 .0
1 1 .0
1 0 .5
1 3 .4

1 2 .8
1 2 .1
1 1 .7
1 2 .0

1183.
1076.
1082.
1177.

322.
-3 7 3 .
23.
434.

155.
75.
4.
67.

2 9 .0
- 3 1 .6
2 .1
40. 1

1 5 .1
7 .5
0 .3
6 .0

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

>|
|
,|
|

4984.
5137.
5213.
5236.

679.
640.
308.
95.

544.
580.
539.
413.

1 4 .1
1 2 .8
6 .0
1 .8

1 2 .3
1 2 .7
1 1 .5
8 .6

1224.
1164.
779.
634.

198.
-2 2 1 .
-9 3 1 .
-4 3 7 .

40.
88.
-3 0 3 .
-5 4 3 .

1 6 .8
- 1 8 .0
- 8 0 .0
- 5 6 .1

3 .4
8 .2
- 2 8 .0
- 4 6 .2

1 9 6 7 -Q 1 ____ i
- Q 2 ------- I
- Q 3 ------- |
- Q 4 ------- |

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.

-5 1 0 .
-4 1 5 .
141.
380.

6 0 .5
2 1 .6
1 2 6 .9
4 8 .1

- 4 1 .7
- 3 5 .7
1 8 .1
6 0 .0

1 9 6 8 - Q 1 ------- .1
- Q 2 ------- .1
-Q 3 ------- I
- Q 4 ------- .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.

-2 7 1 .
-6 1 0 .
-5 3 .
-2 4 2 .

225.
-2 7 .
-2 1 1 .
-3 7 6 .

- 2 6 .7
- 6 5 .0
- 7 .3
- 3 4 .1

3 1 .6
- 3 .6
- 2 3 .0
- 3 7 .1

1 9 6 9 - Q 1 .... . |
- Q 2 ------ I
- Q 3 --------• i
- Q 4 --------•I

5811.
5836.
5842.
5751.

97.
99.
25.
-3 5 5 .

155.
125.
86.
-3 6 .

1 .7
1 .7
0 .4
- 6 .1

2 .7
2 .2
1 .5
- 0 .6

675.
648.
469.
306.

159.
-1 0 0 .
-4 7 1 .
-3 8 3 .

-2 6 4 .
-7 4 .
-2 4 0 .
-3 3 2 .

2 4 .9
- 1 4 .9
- 7 2 .6
- 8 1 .7

- 2 8 .1
- 1 0 .2
- 3 3 .8
- 5 2 .0

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

5704.
5663.
5643.
5623.

-1 8 6 .
-1 6 1 .
-8 0 .
-8 3 .

-1 0 7 .
-1 7 2 .
-1 9 9 .
-1 2 8 .

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

- 1 .8
- 3 .0
- 3 .4
- 2 .2

294.
282.
337.
368.

-4 6 .
-4 6 .
291.
144.

-3 8 0 .
-3 6 6 .
-1 3 2 .
62.

- 1 4 .9
- 1 5 .7
1 0 3 .0
4 2 .8

- 5 6 .4
- 5 6 .5
- 2 8 .2
2 0 .1

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

5576.
5561.
5571.
5572.

-1 8 4 .
-5 8 .
37.
7.

-1 2 8 .
-1 0 2 .
-7 3 .
-5 0 .

- 3 .3
- 1 .0
0 .7
0. 1

- 2 .2
- 1 .8
- 1 .3
- 0 .9

335.
499.
589.
613.

-1 1 6 .
1316.
471.
99.

41.
217.
253.
245.

- 3 1 .4
3 9 2 .8
9 4 .4
1 6 .8

1 3 .8
7 6 .9
7 5 .0
6 6 .4

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

5567.
5580.
5594.
5648.

-2 0 .
52.
57.
217.

-9 .
19.
24.
76.

- 0 .4
0 .9
1 .0
3 .9

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

572.
653.
713.
833.

-1 4 6 .
399.
273.
617.

237.
154.
123.
220.

- 2 3 .9
6 9 .7
4 1 .8
8 6 .5

7 0 .8
3 0 .9
2 1 .0
3 6 .0

1 9 7 3 -Q 1 _____ . J
- Q 2 --------, |
- Q 3 --------. (
- Q 4 --------. |

5675.
5733.
5845.
5966.

110.
235.
461.
499.

108.
153.
251.
318.

1 .9
4 .1
8 .0
8 .5

1 .9
2 .7
4 .5
5 .6

835.
906.
1146.
1234.

9.
321.
1414.
394.

263.
253.
433.
401.

1. 1
3 8 .4
1 5 6 .1
3 4 .4

4 6 .0
3 8 .7
6 0 .8
4 8 .1

1 9 7 4 —Q1. . . . . |
- Q 2 --------. J
- Q 3 ------- . |
- Q 4 ------- .1

6032.
6119.
6225.
6299.

270.
354.
434.
302.

357.
386.
380.
333.

4 .5
5 .9
7 .1
4 .9

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

1026.
1037.
1034.
958.

-6 4 4 .
44.
-1 0 .
-2 7 3 .

190.
131.
-1 1 2 .
-2 7 6 .

- 5 2 .2
4 .3
- 1 .0
- 2 6 .4

2 2 .8
1 4 .4
- 9 .8
- 2 2 .4

1 9 7 5 -Q 1 _____ . |
- Q 2 --------. I
- Q 3 --------. J
- Q 4 ------ . I

6462.
6556.
6608.
6729.

679.
385.
208.
499.

430.
438.
383.
430.

1 0 .8
6 .0
3 .2
7 .6

7 .1
7 .2
6 .2
6 .8

1393.
968.
800.
1091.

3328.
-1 0 6 8 .
-5 1 6 .
1961.

367.
-6 8 .
-2 3 4 .
133.

3 4 7 .5
- 7 6 .6
- 5 3 .3
2 4 5 .0

3 5 .8
- 6 .6
- 2 2 .6
1 3 .9

1976—Q1. . . . . |
- Q 2 --------. |
- Q 3 --------, |
- Q 4 --------.1

6849.
6979.
7159.
7406.

493.
534.
748.
1039.

387.
423.
551.
677.

7 .3
7 .8
1 0 .7
1 4 .5

6 .0
6 .4
8 .3
1 0 .1

1318.
1365.
1738.
1789.

1234.
197.
2225.
213.

-7 5 .
396.
938.
698.

113. 1
1 4 .9
1 6 3 .0
1 2 .2

- 5 .4
4 0 .9
1 1 7 .1
6 4 .0

1 9 7 7 -Q 1 _____ . |
- Q 2 --------. !
- Q 3 --------. |
- Q 4 --------. J
I
1 9 7 8 - Q 1 . . . .<.J
” Q 2. . • • . J
- Q 3 ............ |
- Q 4 --------. |

7676.
8101.
8447.
8826.

1139.
1851.
1473.
1621.

826.
1122.
1288.
1420.

1 5 .4
2 4 .1
1 8 .2
1 9 -2

1 2 .1
1 6 .1
1 8 .0
1 9 .2

2025.
2603.
2729.
2466.

1150.
3498.
542.
-9 0 9 .

707.
1238.
991.
677.

6 4 .3
1 7 2 .7
2 0 .8
- 3 3 .3

5 3 .7
9 0 .7
5 7 .0
3 7 .8

9244.
9661.
10086.
10491.

1794.
1785.
1817.
1719.

1568.
1559.
1639.
1665.

2 0 .3
1 9 .3
1 8 .8
1 7 .0

2 0 .4
1 9 .2
1 9 .4
1 8 .9

2551.
2753.
3150.
2700.

360.
907.
1966.
-1 4 4 9 .

526.
150.
421.
234.

1 4 .6
3 5 .6
7 1 .4
- 4 6 .0

2 6 .0
5 .8
1 5 .4
9 .5

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

10965.
11416.
11827.
12165.

2029.
1917.
1736.
1412.

1721.
1755.
1741.
1674.

1 9 .3
1 7 .5
1 5 .2
1 1 .9

1 8 .6
1 8 .2
1 7 .3
1 6 .0

3023.
2977.
2882.
2650.

1541.
-1 7 9 .
-3 6 2 .
-8 2 2 .

471.
224.
-2 6 8 .
-5 0 .

5 7 .1
- 5 .9
- 1 2 .2
- 2 8 .5

1 8 .5
8 .1
- 8 .5
- 1 .9

1 9 8 0 - Q 1 _____ . |
- Q 2 --------. |
- Q 3 --------.1
- Q 4 --------.J

12479.
12671.
12781.
12947.

1302.
788.
446.
676.

1514.
1255.
954.
781.

1 0 .7
6 .3
3 .5
5 .3

1 3 .8
1 1 .0
8 .1
6 .4

2251.
1799.
959.
1443.

-1 2 7 1 .
-1 3 3 2 .
-1 6 5 4 .
3956.

-7 7 2 .
-1 1 7 8 .
-1 9 2 3 .
-1 2 0 7 .

- 4 7 .9
- 5 9 .2
-9 1 -9
4 1 2 .5

- 2 5 .5
- 3 9 .6
- 6 6 .7
- 4 5 .6

1 9 8 1 - Q 1 ------- .1
- Q 2 _____ .1
- Q 3 --------.1
- Q 4 -------- . |
1

13011.
12958.
13104.
13085.

257.
-2 0 9 .
594.
-7 6 .

532.
287.
323.
138.

2 .0
- 1 .6
4 .6
- 0 .6

4 .3
2 .3
2 .5
1 .1

1478.
1053.
1590.
699.

145.
-1 0 9 7 .
4422.
-1 5 3 0 .

-7 7 3 .
-7 4 7 .
631.
-7 4 3 .

1 0 .1
- 7 4 .3
4 2 0 .1
- 9 6 .3

- 3 4 .3
- 4 1 .5
6 5 .8
- 5 1 .5







30
TABLE 231.3Q
L IF E INSURANCE COMPANIES
FARM MORTGAGES ACQUIRED
FOUB-QUARTEB MOVING TOTAL

YEAR
ENDING—

1 MILLIONS l
J
OF
|
J DCLLARS t

CHANGE FROM
PREVIOUS; YEAR
MILLIONS
OF
DOLLABS

PERCENT

|
|
|

AS PERCENTAGE OF
OUTSTANDING
MORTGAGES*

COMMITMENTS*

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

470.
506.
529.
555.

-2 5 .
34.
66.
88.

- 5 .1
7 .2
1 4 .3
1 8 .8

16.
17.
18.
18.

639.
664.
668.
651.

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

......

590.
598.
611.
619.

120.
92.
82.
64.

2 5 .5
1 8 .2
1 5 .5
1 1 .5

19.
19.
19.
19.

647.
628.
617.
610.

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

662.
733.
817.
866.

72.
135.
206.
247.

1 2 .2
2 2 .6
3 3 .7
3 9 .9

20.
22.
24.
24.

623.
639.
662.
655.

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

956.
1002.
1001.
1047.

294.
269.
184.
181.

4 4 .4
3 6 .7
2 2 .5
2 0 .9

26.
27.
26.
26.

636.
616.
576.
549.

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

1105.
1126.
1124.
1149.

149.
124.
123.
102.

1 5 .6
1 2 .4
1 2 .3
9 .7

27.
26.
26.
26.

548.
537.
520.
515.

1 9 6 6 - Q 1 ...........
-Q2
" Q 3 ............
- Q 4 ...........

1155.
1183.
1126.
994.

50.
57.
2.
-1 5 5 .

4 .5
5 .1
0 .2
- 1 3 .5

25.
25.
23.
20.

497.
476.
454.
425.

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

825.
708.
736.
837.

-3 3 0 .
-4 7 5 .
-3 9 0 .
-1 5 7 .

- 2 8 .6
- 4 0 .2
- 3 4 .6
- 1 5 .8

16.
14.
14.
16.

391.
389.
417.
453.

1 9 6 8 - Q 1 ............
- Q 2 ............
- Q 3 ...........
- Q 4 ............

897.
892.
856.
772.

72.
184.
120.
-6 5 .

8 .7
2 6 .0
1 6 .3
- 7 .8

17.
16.
15.
14.

456.
427.
396.
376.

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

689.
667.
625.
540.

-2 0 8 .
-2 2 5 .
-2 3 1 .
-2 3 2 .

- 2 3 .2
- 2 5 .2
- 2 7 .0
- 3 0 .1

12.
12.
11.
9.

355.
353.
353.
300.

1 9 7 0 - Q 1 ...........
- Q 2 .- - . .
- Q 3 ...........
“ G1*............

424.
324.
296.
314.

-2 6 5 .
-3 4 3 .
-3 2 9 .
-2 2 6 .

- 3 8 .5
- 5 1 .4
- 5 2 .6
- 4 1 .9

7.
6.
5.
6.

235.
185.
168.
188.

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

326.
385.
444.
503.

-9 8 .
61.
148.
189.

- 2 3 .1
1 8 .8
5 0 .0
6 0 .2

6.
7.
8.
9.

213.
258.
290.
303.

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

570.
612.
640.
700.

244.
227.
196.
197.

7 4 .8
5 9 .0
44. 1
3 9 .2

10.
11.
11.
13.

299.
273.
247.
239.

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

764.
832.
924.
1006.

194.
220.
284.
306.

3 4 .0
3 5 .9
4 4 .4
4 3 -7

14.
15.
16.
18.

242.
243.
242.
240.

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

1060.
1097.
1074.
1007.

296.
265.
150.
1.

3 8 .7
3 1 .9
1 6 .2
0 .1

18.
19.
18.
17.

235.
228.
205.
179.

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

1093.
1079.
1025.
1075.

33.
-1 8 .
-4 9 .
68.

3 .1
- 1 .6
- 4 .6
6 .8

18.
17.
16.
17.

185.
187.
198.
230.

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

1064.
1178.
1375.
1540.

-2 9 .
99.
350.
465.

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

16.
18.
20.
22.

242.
265.
295.
316.

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

1737.
2101.
2299.
2460.

673.
923.
924.
920.

6 3 .3
7 8 .4
6 7 .2
5 9 .7

24.
29.
30.
31.

340.
338.
392.
383.

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

2603.
2654.
2729.
2748.

866.
553.
430.
288.

4 9 .9
2 6 .3
1 8 .7
1 1 .7

31.
31.
30.
29.

374.
353.
340.
330.

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

2896.
2975.
2911.
2879.

293.
321.
182.
131.

1 1 .3
1 2 .1
6 .7
4 .8

29.
29.
27.
26.

334.
341.
327.
315.

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

2653.
2298.
1912.
1667.

-2 4 3 .
-6 7 7 .
-9 9 9 .
-1 2 1 2 .

- 8 .4
- 2 2 .8
- 3 4 .3
- 4 2 .1

23.
19.
16.
13.

284.
259.
253.
255.

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

1454.
1236.
1352.
1169.

-1 1 9 9 .
-1 0 6 2 .
-5 6 0 .
-4 9 8 .

- 4 5 .2
- 4 6 .2
- 2 9 .3
- 2 9 .9

11.
10.
10.
9.

264.
245.
261.
254.

......

......

* AVERAGE AMOUNT OUTSTANDING DURING THE PRECEDING FOUR QUARTERS (AVERAGE OF END-OP-QUARTER DATA).

31

SABLE

2 3 2 . IQ
FARM

LIFE INSURANCE COMPANIES
MORTGAGE COMMITMENTS— OUTSTANDING

OUTSTANDING FARM MORTGAGE COMMITMENTS
1
|

MILLIONS OF DOLLARS
QUARTER

END OF | CHANGE FROM PREVIOUS
QUARTER i_
I
..YEAR _
1 QUARTER

AND

NEH

NEH FARM MORTGAGE COMMITMENTS

p e r c e n t a g :B

CHANGE
FROM PR]BVIOUS

QUARTER

YEAR

MILLIONS OF DOLLARS
|
l
MADE IN | CH&NGE FROM PREVIOUS
QUARTER |
|
1 QUARTER
YEAR

PERCENTAGE CHANGE
FROM PREVIOUS
QUARTER

YEAR

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

80.
76.
96.
113.

-9 .
-4 .
20.
17.

11.
12.
24.
24.

- 1 0 .1
- 5 .0
2 6 .3
1 7 .7

1 5 .9
1 8 .8
3 3 .3
2 7 .0

105.
97.
99.
116.

7.
-8 .
2.
17.

16.
24.
30.
18.

7 .1
- 7 .6
2 .1
1 7 .2

1 8 .0
3 2 .9
4 3 .5
1 8 .4

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

96.
91.
106.
132.

-1 7 .
-5 .
15.
26.

16.
15.
10.
19.

- 1 5 .0
- 5 .2
1 6 .5
2 4 .5

2 0 .0
1 9 .7
1 0 .4
1 6 .8

119.
101.
106.
133.

3.
-1 8 .
5.
27.

14.
4.
7.
17.

2 .6
- 1 5 .1
5 .0
2 5 .5

1 3 .3
4 .1
7 .1
1 4 .7

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

130.
126.
141.
204.

-2 .
-4 .
15.
63.

34.
35.
35.
72.

- 1 .5
- 3 .1
1 1 .9
4 4 .7

3 5 .4
3 8 .5
3 3 .0
5 4 .5

162.
153.
135.
208.

29.
-9 .
-1 8 .
73.

43.
52.
29.
75.

2 1 .8
- 5 .6
- 1 1 .8
5 4 .1

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

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

180.
170.
209.
247.

-2 4 .
-1 0 .
39.
38.

50.
44.
68.
43.

- 1 1 .8
- 5 .6
2 2 .9
1 8 .2

3 8 .5
3 4 .9
4 8 .2
2 1 .1

200.
183.
196.
212.

-8 .
-1 7 .
13.
16.

38.
30.
61.
4.

- 3 .8
- 8 .5
7 .1
8 .2

2 3 .5
1 9 .6
4 5 .2
1 .9

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

213.
195.
237.
284.

-3 4 .
-1 8 .
42.
47.

33.
25.
28.
37.

- 1 3 .8
- 8 .5
2 1 .5
1 9 .8

1 8 .3
1 4 .7
1 3 .4
1 5 .0

227.
180.
185.
252.

15.
-4 7 .
5.
67.

27.
-3 .
-1 1 .
40.

7 .1
- 2 0 .7
2 .8
3 6 .2

1 3 .5
- 1 .6
- 5 .6
1 8 .9

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

278.
194.
180.
192.

-6 .
-8 4 .
-1 4 .
12.

65.
-1 .
-5 7 .
-9 2 .

- 2 .1
- 3 0 .2
- 7 .2
6 .7

3 0 .5
- 0 .5
- 2 4 .1
- 3 2 .4

264.
149.
96.
107.

12.
-1 1 5 .
-5 3 .
11.

37.
-3 1 .
-8 9 .
-1 4 5 .

4 .8
- 4 3 .6
- 3 5 .6
1 1 .5

1 6 .3
- 1 7 .2
- 4 8 .1
- 5 7 .5

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

162.
172.
213.
240.

-3 0 .
10.
41.
27.

-1 1 6 .
-2 2 .
33.
48.

- 1 5 .6
6 .2
2 3 .8
1 2 .7

- 4 1 .7
- 1 1 .3
1 8 .3
2 5 .0

131.
148.
163.
219.

24.
17.
15.
56.

-1 3 3 .
-1 .
67.
112.

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

- 5 0 .4
- 0 .7
6 9 .8
1 0 4 .7

1 9 6 8 -Q 1 ...........
- Q 2 ............
- Q 3 .....
- Q 4 ............

210.
202.
170.
194.

-3 0 .
-8 .
-3 2 .
24.

48.
30.
-4 3 .
-4 6 .

- 1 2 .5
- 3 .8
- 1 5 .8
14. 1

2 9 .6
1 7 .4
- 2 0 .2
- 1 9 .2

170.
129.
95.
151.

-4 9 .
-4 1 .
-3 4 .
56.

39.
-1 9 .
-6 8 .
-6 8 .

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

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

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

190.
154.
182.
196.

-4 .
-3 6 .
28.
14.

-2 0 .
-4 8 .
12.
2.

- 2 .1
- 1 8 .9
1 8 .2
7 .7

- 9 .5
-2 3 -8
7 .1
1 .0

164.
122.
109.
85.

13.
-4 2 .
-1 3 .
-2 4 .

-6 .
-7 .
14.
-6 6 .

8 .6
- 2 5 .6
- 1 0 .7
- 2 2 .0

- 3 .5
- 5 .4
1 4 .7
- 4 3 .7

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

168.
157.
148.
139.

-2 8 .
-1 1 .
-9 .
-9 .

-2 2 .
3.
-3 4 .
-5 7 ,

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

- 1 1 .6
1 .9
- 1 8 .7
- 2 9 .1

52.
75.
50.
94.

-3 3 .
23.
-2 5 .
44.

-1 1 2 .
-4 7 .
-5 9 .
9.

- 3 8 .8
4 4 .2
- 3 3 .3
8 8 .0

- 6 8 .3
- 3 8 .5
- 5 4 .1
1 0 .6

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

154.
171.
199.
239.

15.
17.
28.
40.

-1 4 .
14.
51.
100.

1 0 .8
1 1 .0
1 6 .4
2 0 .1

- 8 .3
8 .9
3 4 .5
7 1 .9

110.
141.
134.
1.78.

16.
31.
-7 .
44.

58.
66.
84.
8 4 .'

1 7 .0
2 8 .2
- 5 .0
3 2 .8

1 1 1 .5
8 8 .0
1 6 8 .0
8 9 .4

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

287.
313.
335.
329.

48.
26.
22.
-6 .

133.
142.
136.
90.

20. 1
9. 1
7 .0
- 1 .8

8 6 .4
8 3 .0
6 8 .3
3 7 .7

195.
207.
166.
208.

17.
12.
-4 1 .
42.

85.
66.
32.
30.

9 .6
6 .2
- 1 9 .8
2 5 .3

7 7 .3
4 6 i8
2 3 .9
1 6 .9

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

394.
467.
484.
456.

65.
73.
17.
-2 8 .

107.
154.
149.
127.

1 9 .8
1 8 .5
3 .6
- 5 .8

3 7 .3
4 9 .2
4 4 .5
3 8 .6

258.
326.
267.
238.

50.
68.
-5 9 .
-2 9 .

63.
119.
101.
30.

2 4 .0
2 6 .4
- 1 8 .1
- 1 0 .9

3 2 .3
5 7 .5
6 0 .8
1 4 .4

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

520.
640.
636.
570.

64.
120.
-4 .
-6 6 .

126.
173.
152.
114.

1 4 .0
2 3 .1
- 0 .6
- 1 0 .4

3 2 .0
3 7 .0
3 1 .4
2 5 .0

304.
419.
215.
130.

66.
115.
-2 0 4 .
-8 5 .

46.
93.
-5 2 .
-1 0 8 .

2 7 .7
3 7 .8
- 4 8 .7
- 3 9 .5

1 7 .8
2 8 .5
- 1 9 .5
- 4 5 .4

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

466.
399.
438.
459.

-1 0 4 .
-6 7 .
39.
21.

-5 4 .
-2 4 1 .
-1 9 8 .
-1 1 1 .

- 1 8 .2
- 1 4 .4
9 .8
4 .8

- 1 0 .4
- 3 7 .7
- 3 1 .1
- 1 9 .5

250.
164.
236.
289.

120.
-8 6 .
72.
53.

-5 4 .
-2 5 5 .
21.
159.

9 2 .3
- 3 4 .4
4 3 .9
2 2 .5

- 1 7 .8
- 6 0 .9
9 .8
1 2 2 .3

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

479.
490.
520.
553.

20.
11.
30.
33.

13.
91.
82.
94.

4 .4
2 .3
6 .1
6 .3

2 .8
2 2 .8
1 8 .7
2 0 .5

329.
364.
320.
453.

40.
35.
-4 4 .
13 3 .

79.
200.
84.
164.

1 3 .8
1 0 .6
- 1 2 .1
4 1 .6

3 1 .6
1 2 2 .0
3 5 .6
5 6 .7

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

603.
671.
745.
768.

50.
68.
74.
23.

124.
181.
225.
215.

9 .0
1 1 .3
1 1 .0
3 .1

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

592.
674.
558.
612.

139.
82.
-1 1 6 .
54.

263.
310.
238.
159.

3 0 .7
1 3 .9
- 1 7 .2
9 .7

7 9 .9
8 5 .2
7 4 .4
3 5 .1

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

827.
869.
862.
912.

59.
42.
-7 .
50.

224.
198.
117.
144.

7 .7
5 .1
- 0 .8
5 .8

37. 1
2 9 .5
1 5 .7
1 8 .8

73 8 .
717.
552.
597.

126.
-2 1 .
-1 6 5 .
45.

146.
43.
-6 .
-1 5 .

2 0 .6
- 2 .8
- 2 3 .0
8 .2

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

1 9 7 9 -Q 1 ...........
- Q 2 ...........
- Q 3 ............
-Q<*............

850.
942.
948.
996.

-6 2 .
92.
6.
48.

23.
73.
86.
84.

- 6 .8
1 0 .8
0 .6
5 .1

2 .8
8 .4
1 0 .0
9 .2

803.
784.
559.
571.

206.
-1 9 .
-2 2 5 .
12.

65.
67.
7.
-2 6 .

3 4 .5
- 2 .4
- 2 8 .7
2 .1

8 .8
9 .3
1 .3
- 4 .4

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

665.
415.
536.
587.

-3 3 1 .
-2 5 0 .
121.
51.

-1 8 5 .
-5 2 7 .
-4 1 2 .
-4 0 9 .

- 3 3 .2
- 3 7 .6
2 9 .2
9 .5

- 2 1 .8
- 5 5 .9
- 4 3 .5
- 4 1 .1

374.
124.
323.
412.

-1 9 7 .
-2 5 0 .
199.
89.

-4 2 9 .
-6 6 0 .
-2 3 6 .
-1 5 9 .

- 3 4 .5
- 6 6 .8
1 6 0 .5
2 7 .6

- 5 3 .4
- 8 4 .2
- 4 2 .2
- 2 7 .8

1 9 8 1 -Q 1 . ... • •
- Q 2 ...........
- Q 3 ...........
-Q<*...........

483.
469.
300.
279.

-1 0 4 .
-1 4 .
-1 6 9 .
-2 1 .

-1 8 2 .
54.
-2 3 6 .
-3 0 8 .

- 1 7 .7
- 2 .9
- 3 6 .0
- 7 .0

- 2 7 .4
1 3 .0
- 4 4 .0
- 5 2 .5

265.
300.
103.
131.

-1 4 7 .
35.
-1 9 7 .
28.

-1 0 9 .
176.
-2 2 0 .
-2 8 1 .

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

- 2 9 .1
1 4 1 .9
- 6 8 .1
- 6 8 .2




32
TABLE

L IF E INSURANCE COMPANIES
FARM MORTGAGE COMMITMENTS— OUTSTANDING AND SEW
SEASONALLY-ADJUSTED DATA

2 3 2 . 2Q

QUARTER

1
l_
i
|
1
1
J
1
J

OUTSTANDING FARM MORTGAGE COMMITMENTS
MILLIONS OF DOLLARS

NEH FARM MORTGAGE COMMITMENTS

|
|

PERCENTAGE CHANGE
FROM PREVIOUS

J
I

QUARTER
(SAAR)

YEAR

MILLIONS OF DOLLARS

| CHANGE FROM PREVIOUS
END OF
QUARTER J
1

QUARTER
(SAAR)

YEAR

.

J
1
MADE IN || CHANGE FI?CM PREVIOUS!
QUARTER |1
_______
1
(SAAR)
|| QUARTER
YEAR
|
1
JL .

PERCENTAGE CHANGE
FROM PREVIOUS
QUARTER

YEAR

82.
87.
97.
97.

26.
19.
52.
-1 .

11.
13.
25.
21.

3 3 .8
2 3 .4
6 0 .1
- 0 .9

1 5 .3
1 8 .1
3 3 .7
2 7 .2

377.
416.
454.
429.

14.
39.
39.
-2 6 .

59.
100.
142.
66.

3 .8
1 0 .4
9 .3
- 5 .6

1 8 .4
3 1 .5
4 5 .5
1 8 .1

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

98.
104.
108.
114.

3.
25.
19.
24.

16.
17.
11.
17.

3 .3
2 6 .0
1 8 .5
2 1 .9

1 9 .3
1 9 .9
1 1 .2
1 7 .1

427.
432.
501.
492.

-1 .
5.
69.
-9 .

50.
17.
47.
63.

- 0 .3
1 .2
1 5 .9
- 1 .8

1 3 .4
4 .0
1 0 .3
1 4 .8

1 9 6 3 - Q 1 ........... |
“ Q2............|
- Q 3 ............|
- Q 4 ............I

132.
144.
145.
177.

93.
55.
4.
177.

34.
40.
37.
63.

8 1 .5
4 1 .3
2 .9
1 2 2 .0

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

577.
645.
640.
762.

85.
67.
-4 .
121.

150.
212.
139.
270.

1 7 .3
1 1 .7
- 0 .7
1 9 .0

3 5 .1
4 9 .1
2 7 .7
5 4 .8

1 9 6 4 -Q 1 ............|
- Q 2 ............|
- 0 3 ............1
- Q 4 ............1

183.
195.
217.
216.

24.
53.
102.
-0 .

51.
51.
71.
39.

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

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

707.
786.
949.
763.

-5 5 .
79.
163.
-1 8 6 .

130.
142.
309.
1.

- 7 .2
1 1 .2
2 0 .7
- 1 9 .6

2 2 .5
2 2 .0
4 8 .2
0 .2

1 9 6 5 - Q 1 ............|
- 0 2 ............|
- Q 3 ............|
- Q 4 ............|

217.
223.
246.
252.

3.
24.
108.
27.

34.
28.
30.
36.

1 .3
1 1 .0
4 8 .6
1 0 .8

1 8 .8
1 4 .4
1 3 .6
1 6 .6

801.
776.
908.
909.

38.
-2 6 .
133.
0.

94.
-1 0 .
-4 1 .
146.

5 .0
- 3 .2
1 7 .1
0 .0

1 3 .3
- 1 .3
- 4 .3
1 9 .1

1 9 6 6 - Q 1 ............|
- 0 2 ........... 1
- 0 3 ............J
- Q 4 ............|

285.
220.
186.
174.

156.
-1 8 3 .
-1 0 8 .
-4 5 .

68.
-3 .
-6 0 .
-7 9 .

6 .1 .9
- 6 4 .2
- 4 8 .9
-2 4 . 1

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

937.
638.
466.
383.

28.
-2 9 9 .
-1 7 3 .
-8 2 .

136.
-1 3 7 .
-4 4 3 .
-5 2 5 .

3 .1
- 3 1 .9
- 2 7 .1
- 1 7 .6

1 6 .9
- 1 7 .7
- 4 8 .8
- 5 7 .8

1 9 6 7 -Q 1 ............|
- 0 2 ............i
- Q 3 ............J
- 0 4 ............1

166.
192.
219.
222.

-2 9 .
131.
132.
14.

-1 1 9 .
-2 8 .
33.
49.

- 1 6 .7
7 8 .8
6 8 .6
6 .6

- 4 1 .7
- 1 2 .8
1 7 .5
2 7 .9

469.
640.
779.
779.

85.
171.
139.
-0 .

-4 6 8 .
2.
313.
3 9 5 ..

2 2 .2
3 6 .6
2 1 .7
- 0 .0

- 5 0 .0
0 .3
6 7 .3
1 0 3 .0

1 9 6 8 - Q 1 ............t
- Q 2 ............1
- 0 3 ..,,.1

214.
221.
173.
184.

-3 0 .
28.
-1 3 8 .
48.

48.
29.
-4 5 .
-3 8 .

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

2 9 .2
1 5 .2
- 2 0 .7
- 1 7 .1

624.
536.
458.
538.

-1 5 5 .
-8 8 .
-7 8 .
80.

155.
-1 0 4 .
-3 2 1 .
-2 4 1 .

- 1 9 .9
- 1 4 .1
- 1 4 .6
1 7 .4

3 3 .1
- 1 6 .3
- 4 1 .2
- 3 1 .0

1 9 6 9 - Q 1 ............|
- Q 2 ............1
- Q 3 ............|
- 0 4 ............1

193.
164.
184.
191.

37.
-9 1 .
93.
32.

-2 2 .
-5 7 .
11.
7-

2 0 .4
- 4 7 .2
5 6 .4
1 7 .2

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

620.
488.
504.
315.

83.
-1 3 2 .
16.
-1 9 0 .

-3 .
-4 8 .
47.
-2 2 3 .

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

- 0 .5
- 8 .9
1 0 .2
- 4 1 .4

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

170.
164.
148.
139.

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

-2 3 .
-6 .
-3 6 .
-5 2 .

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

- 1 2 .1
- 0 .2
- 1 9 .5
- 2 7 .2

196.
304.
239.
346.

-1 1 9 .
108.
-6 5 .
107.

-4 2 4 .
-1 8 4 .
-2 6 5 .
31.

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

- 6 8 .4
- 3 7 .7
- 5 2 .6
1 0 .0

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

155.
175.
197.
245.

75.
94.
108.
276.

-1 4 .
11.
49.
106.

5 3 .5
6 0 .6
6 1 .6
1 4 0 .0

- 8 .5
6 .4
3 3 .0
7 5 .9

407.
528.
628.
705.

61.
120.
101.
77.

211.
224.
389,
359.

1 7 .7
2 9 .5
1 9 .1
1 2 .2

1 0 7 .6
7 3 .6
1 6 2 .7
1 0 3 .7

1 9 7 2 - Q 1 ........... |
—Q2---------1
- Q 3 ............|
—Q4............|

289.
316.
329.
342.

230.
120.
58.
54.

134.
141.
132.
97.

9 3 .7
4 1 .6
1 8 .5
1 6 .4

8 6 .4
8 0 .6
6 7 .1
3 9 .5

722.
768.
754.
853.

17.
46.
-1 3 .
98.

315.
240.
126.
148.

2 .4
6 .3
- 1 .7
1 3 .0

7 7 .3
4 5 .5
2 0 .1
2 0 .9

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

398.
466.
474.
476.

288.
347.
32.
11.

109.
150.
145.
135.

8 4 .2
8 7 .1
6 .9
2 .4

3 7 .7
4 7 .7
4 3 .9
3 9 .3

975.
1249.
1180.
1021.

123.
274.
-6 9 .
-1 5 9 .

253.
482.
426.
169.

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

3 5 .1
6 2 .8
5 6 .5
1 9 .8

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

528.
639.
623.
592.

240.
608.
-6 3 .
-1 1 3 .

129.
173.
149.
116.

5 0 .3
1 1 5 .2
- 9 .9
- 1 8 .1

3 2 .4
3 7 .2
3 1 .4
2 4 .3

1095.
1555.
943.
564.

74.
460.
-6 1 2 .
-3 7 9 .

120.
306.
-2 3 7 .
-4 5 7 .

7 .2
4 2 .0
- 3 9 .3
- 4 0 .2

1 2 .3
2 4 .5
- 2 0 .1
- 4 4 .8

1 9 7 5 - Q 1 ............|
- Q 2 ............|
- Q 3 ............J
—Q 4............|

473.
399.
430.
470.

-3 5 1 .
-2 3 3 .
138.
185.

-5 4 .
-2 4 0 .
-1 9 2 .
-1 2 2 .

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

- 1 0 .3
- 3 7 .5
- 3 0 .9
- 2 0 .6

903.
621.
1039.
1259.

339.
-2 8 2 .
418.
220.

-1 9 2 .
-9 3 5 .
96.
695.

6 0 .1
- 3 1 .3
6 7 .4
2 1 .1

- 1 7 .5
- 6 0 .1
1 0 .1
1 2 3 .2

1 9 7 6 -Q 1 . . . . , |
- Q 2 ............1
- Q 3 ............|
- 0 4 ............1

487.
496.
515.
554.

69.
40.
80.
174.

13.
97.
85.
84.

1 4 .6
8 .2
1 6 .1
3 3 .7

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

1201.
1379.
1419.
1912.

-5 7 .
178.
40.
493.

299.
759.
380.
653.

- 4 .5
1 4 .8
2 .9
3 4 .7

3 3 .1
1 2 2 .3
3 6 .6
5 1 .9

1 9 7 7 - Q 1 ............|
- 0 2 ........... J
- Q 3 ............|
—Q4............|

612.
688.
743.
749.

273.
365.
247.
25.

126.
192.
228.
195.

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

2 5 .8
3 8 .7
4 4 .2
3 5 .2

2155.
2612.
2460.
2500.

243.
457.
-1 5 2 .
40.

953.
1233.
1041.
588.

1 2 .7
2 1 .2
- 5 .8
1 .6

7 9 .3
8 9 .4
7 3 .3
3 0 .7

1 9 7 8 -Q 1 ............|
- Q 2 ............|
- 0 3 . -------J
- 0 4 ............1
1
1 9 7 9 - Q 1 ............|
- Q 2 ............J
- Q 3 ............|
- 0 4 ............|

843.
902.
865.
863.

452.
260.
-1 3 8 .
-5 .

231.
213.
122.
114.

6 0 .4
3 0 .8
- 1 5 .3
- 0 .6

3 7 .7
3 1 .0
1 6 .4
1 5 .3

2717.
2908.
2467.
2329.

217.
191.
-4 4 1 .
-1 3 8 .

562.
296.
7.
-1 7 1 .

8 .7
7 .0
- 1 5 .2
- 5 .6

2 6 .1
1 1 .3
0 .3
- 6 .8

869.
983.
952.
917.

24.
551.
-1 1 9 .
-1 3 0 .

26.
81.
87.
54.

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

3 .1
9 .0
1 0 .1
6 .2

3054.
3093.
2481.
2131.

725.
38.
-6 1 2 .
-3 4 9 .

337.
184.
14.
-1 9 8 .

3 1 .1
1 .3
- 1 9 .8
- 1 4 .1

1 2 .4
6 .3
0 .6
- 8 .5

1 9 8 0 - 0 1 ............1
- 0 2 ............1
- 0 3 ............|
—Q4............|

684.
435.
539.
530.

-6 3 3 .
-5 7 3 .
592.
-3 6 .

-1 8 5 .
-5 4 8 .
-4 1 2 .
-3 8 7 .

- 6 9 .0
- 8 3 .7
1 3 6 .1
- 6 .7

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

1422.
530.
1427.
1511.

-7 0 9 .
-8 9 2 .
897.
84.

-1 6 3 2 .
-2 5 6 2 .
-1 0 5 4 .
-6 2 0 .

- 3 3 .3
- 6 2 .7
1 6 9 .2
5 .9

- 5 3 .4
- 8 2 .9
- 4 2 .5
- 2 9 .1

1 9 8 1 - Q 1 ............|
- 0 2 ............J
- Q 3 ............1
- Q 4 ............|

499.
494.
302.
250.

-1 1 4 .
-1 9 .
-4 2 5 .
-1 6 1 .

-1 8 6 .
59.
-2 3 7 .
-2 8 0 .

- 2 1 .6
- 3 .8
- 8 6 .0
- 5 3 .4

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

1031.
1210.
454.
485.

-4 8 0 .
180.
-7 5 7 .
31.

-3 9 2 .
680.
-9 7 3 .
-1 0 2 6 .

- 3 1 .8
1 7 .4
- 6 2 .5
6 .9

- 2 7 .5
1 2 8 .3
- 6 8 .2
- 6 7 .9

ot
i

1 9 6 1 -Q 1 . . . . . ]
- Q 2 ............i
- Q 3 ............|
- Q 4 ............J

___________ L_




33
TABLE 232 3Q
LIFE INSURANCE COMPANIES
HEW FARM MORTGAGE COMMITMENTS
FOOB-QDAPIER HOPING TOTAL
I MILLIONS |
1
OF
1
I
DOLLARS |

YEAR
ENDING--

CHANGE FROM
PREVIOUS YEAR

AS PERCENTAGE OF
OUTSTANDING

MILLIONS
OF
____DOLLARS

PERCENT

MORTGAGES*

I
I MORTGAGES
COMMITMENTS* 1 ACQUIRED
1

TAKEDOWNS
OF
COMMITMENTS

1961-Q 1... . !
- Q 2 ------ .1
- Q 3 ------ |
- Q 4 ------ .1

3 45.
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.
1 15 .
116.

19 6 2 -Q 1 . . . .
- Q 2 ------- Q 3 ------ Q 4 ------

I
|
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.
1 1 3.
114.
115 .

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

|
|
|
J

502.
554.
583.
658.

71.
119.
1 41 .
199.

16.5
27.4
31.9
43.4

15 .
16.
17.
19.

472.
483.
472.
498.

76.
76.
71.
76.

121 .
120.
119 .
1 2 6.

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

i
i
|
I

696.
726.
787.
791.

194.
1 72 .
204.
13 3.

38.6
31.0
35.0
20.2

19.
19.
20.
20.

463.
446.
453.
415.

73.
72.
79.
76.

118.
116.
120.
11 5.

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

|
|
|
|

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.

1 14 .
113.
1 13 .
114.

1 9 6 6 - Q 1 ____
“ Q2...........
- Q 3 ...........
- Q 4 ...........

1
|
|
j

881.
850.
761.
616.

63.
35.
-43.
-228.

7.7
4.3
-5 .3
-2 7 .0

19.
18.
15.
12 .

379.
342.
307.
263.

76.
72.
6862.

118.
1 0 9.
10 2.
96.

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

I
|
|
I

483.
482.
£4 9 .
661.

-398.
-368.
-212.
45.

-4 5 .2
-4 3 .3
-2 7 .9
7.3

9.
9.
10 .
12.

229.
265.
311.
358.

59.
68.
75.
79.

89.
1 0 5.
116.
1 1 6.

1 9 6 8 - Q 1 ...........
- 0 2 ...........
- Q 3 ...........
- 0 4 ...........

|
I
1
|

700.
681.
613.
545.

217.
199.
64.
-116.

44.9
41.3
11.7
-1 7 .5

13.
12.
11.
10.

356326.
283.
265.

78.
76.
72.
71.

11 6.
114.
103.
103.

1 9 6 9 - Q 1 ...........
- 0 2 ...........
- 0 3 ...........
- Q 4 ...........

|
|
|
|

539.
532.
546.
480.

-161.
-149.
-67.
-65.

-2 3 .0
-2 1 .9
-1 0 .9
-1 1 .9

9.
9.
9.
8.

278.
281.
308.
267.

78.
80.
87.
89.

109.
105 .
117.
115.

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

368.
321.
262.
271.

-171.
-211.
-284.
-209.

-3 1 .7
-3 9 .7
-5 2 .0
-4 3 .5

6.
6.
5.
5.

204.
183.
149.
162.

87.
99.
89.
86.

1 07 .
1 1 8.
105 .
106.

1 9 7 1 - Q 1 ........... , |
- 0 2 ........... |
- 0 3 ............ |
—Q4........... ,|

329.
395.
479.
563.

-39.
74.
217.
292.

-1 0 .6
23.1
82.8
107.7

6.
7.
9.
10.

215.
264.
313.
340.

101.
103.
1 0 8.
112.

126.
130.
136.
14 0.

1 9 7 2 - Q 1 ........... , l
- 0 2 ............1
- 0 3 ........... ,J
- 0 4 ..........., |

648.
714.
746.
776.

319.
319.
267.
213.

97.0
80.8
55.7
37.8

12.
13.
13.
14.

340.
319.
287.
264.

1 14 .
117.
1 1 7.
111.

14 5.
144.
14 2.
130.

1 9 7 3 - Q 1 ............ |
- Q 2 ........... . |
- 0 3 ........... |
—Q4........... , |

839.
958.
1059.
1089.

191.
244.
313.
313.

29.5
34.2
42.0
40.3

15.
17.
19.
19.

266.
280.
278.
260.

110.
1 1 5.
115.
108.

130.
135 .
131.
1 2 7.

1 9 7 4 - Q 1 ........... • I
- 0 2 ............ |
- 0 3 ........... , |
—Q4............ |

1135.
1228.
1 17 6 .
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.

12 6.
134.
1 33 .
132.

1 9 7 5 - Q 1 ...........
- 0 2 ........... |
- 0 3 ........... |
- Q 4 ........... |

1014.
759.
780.
939.

-121.
-469.
-396.
-129.

-1 0 .7
-3 8 .2
-3 3 .7
-1 2 .1

16.
12 .
12 .
14.

171.
1 3 1.
151.
201.

93.
70.
76.
87.

111.
87.
93.
104.

1 9 7 6 - Q 1 ........... |
- 0 2 ........... |
- Q 3 ...........
—Q4........... |

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.
12 8.
12 5.
122 .

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

|
|
|
|

1729.
2039.
2277.
2436.

711.
821.
975.
970.

69.8
67.4
74.9
66.2

24.
28.
30.
31.

339.
377.
388.
379.

100.
97.
99.
99.

123 .
123.
124 .
124.

1 9 7 8 - Q 1 ...........
- Q 2 ...........
- 0 3 ...........
- 0 4 ...........

1
|
|
t

2582.
2625.
2619.
2604.

853.
586.
342.
168.

49.3
28.7
15.0
6.9

31 .
30.
29.
28.

371.
349.
326.
313.

99.
99.
96.
95.

122.
120.
116.
11 5.

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

|
|
|
(

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.

1 1 0.
113.
11 4.
1 15 .

1 9 8 0 - Q 1 ........... t
- 0 2 ........... J
-Q 3 . -.-. . |
—Q4--------

2288.
1628.
1392.
1233.

-381.
-1108.
-1351.
-1484.

-1 4 .3
-4 0 .5
-4 9 .3
-5 4 .6

20.
14 .
11.
10.

245.
183.
184.
189.

86.
71.
73.
74.

105.
86.
89.
87.

|
|
|
|

1124.
1300.
1080.
799.

-1164.
-328.
-312.
-434.

-5 0 .9
-2 0 .1
-2 2 .4
-3 5 .2

9.
10 .
8.
6.

204.
257.
208.
174.

77.
105.
00.
68.

100.
126.
97.
86.

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

,

* AFERAGE AMOCIT OUTSTANDING DUBING THE PRECEDING POOR QUARTERS (AVERAGE OF EMD-OF-QOARTEB DATA).
"TAKEDOWNS OF COHH1THEHTS" ABE COMPUTED AS IBM COMMITMENTS LESS CANCELLED COMMITMENTS LESS THE CHANGE IN COMMITMENTS OUTSTANDING.







34
AGRICULTURAL FINANCE DATABOOK— QUART8BLI SBHIBS

300

BABCH

1981

AGBICOLTUBAL BANKING DATA

330

SURVEY OF TERHS OF BANK 1ENDIHG TO PABHERS (NON-BEAL-ESTA1E L O U S ,

331

AVERAGE EFFECTIVE INTEB2ST RATES

3 3 1 . IQ
3 3 1 . 2Q
3 3 1 . 3Q

332

ALL BANKS.............................................................................................
35
LABGE BANKS..........................................................................................................................................35
OTHER BANKS..........................................................................................................................................35

AVERAGE EFFECTIVE INTEBEST RATES COMPARED WITH OVERALL AVERAGE

3 3 2 . IQ
3 3 2 . 2Q
3 3 2 . 3Q

333

ALL BANKS..................................................................................................................................................36
LARGE BANKS............................................................................................................................................ 36
CTHEB BANKS............................................................................................................................................ 36

PERCENTAGE OF LOANS HADE NITH A FLOATING INTEBEST BATE

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

33a

ALL BANKS............................................................................................................................................... 37
LARGE BANKS..........................................................................................................................................37
OTHEB BANKS..........................................................................................................................................37

AVERAGE HAT UNITY OF LOANS HADB

33 U. 1Q
3 3 a.2Q
3 3 4 . 3Q

335

ALL BANKS................................................................................................................................................. 38
LABGE BANKS............................................................................................................................................38
OTHER BANKS............................................................................................................................................ 38

AflOONT,

3 3 5 . IQ
3 3 5 . 2Q
3 3 5 . 3Q

340

U .S.)

NURBEB, AND AVERAGE AHOUNX OF LOANS HADE

AHOUNX......................................................................................................................................................... 39
NU3BER......................................................................................................................................................... 39
AVERAGE AHOUNT.................................................................................................................................... 39

FEDERAL RESERVE BANK SUBVEYS OP AGRICULTURAL CBEDIT CONDITIONS

3a1

CHICAGO

3ai.1 Q
3ai.2Q
3 a l.3 Q
3 4 1 . 4Q
3 4 1 . 5Q

3 42

FABfl NON-REAL-ESTATE LENDING EXPERIENCE DURING THE PfiBCBDING
q ua rt E h ................................................................................................................................................ao
FARH NON-BEAL-ESTATE LOAN VOLUME EXPECTED DUBING TEE CONSENT
QUARTER................................................................................................................................................ a i
LOAN/DEPOSIT RATIOS.....................................................................................................................42
TYPICAL INTEBEST RATESCHARGED ON FARH LOANS..................................................... 42
TRENDS IN FARH REALESTATE VALUES AND LOANVOLUHB........................................... 43

MINNEAPOLIS

342.
IQ CURRENT FARH LENDING EXPERIENCE.................................................................................44
3 4 2 . 2Q EXPECTED FARH LOAN DEHAND AND REPAYHENT CONDITIONS...................................45
3 4 2 . 3Q AVERAGE LOAN/DEPOSIT RATIO AND OTHER CONDITIONS THAT REFLECT
RELATIVE CREDIT AVAILABILITY.......................................................................................... 46
3 4 2 . 4Q INTEREST RATES ON FARH LOANS.............................................................................................47
3 4 2 . 5Q FARH REAL ESTATE LENDING EXPERIENCE...........................................................................48
3 4 2 . 6Q FARMERS* EARNINGS AND SPENDING........................................................................................49

3 43

KANSAS CITY

343.
IQ CURRENT FARH NON-REAL-ESTATE LENDING EXPERIENCE...................................... 50
3 4 3 . 2Q AVERAGE LCAN/DEPOSI1 RATIO AND OTHER CONDITIONS THAT REFLECT
RELATIVE CREDIT AVAILABILITY....................................................................................... 50
3 4 3 . 3Q HOST COflHON INTEREST RATES CHANGED ON FARH LOANS........................................ 51
3 4 3 . 4Q FARH REAL ESTATE VALUES..........................................................................................................51

344

DALLAS

344.
1Q CURRENT FARH NON-REAL-ESTATE LENDING EXPERIENCE.......................................... 52
3 4 4 . 2Q FARH NON-REAL-ESIATE LOAM VOLUME EXPECTED DURING THE CURRENT
QUARTER................................................................................................................................................ 52
3 4 4 . 3Q AVERAGE LOAN/DEPOSIT RATIO AND CTHEB CONDITIONS THAI REFLECT
RELATIVE CREDIT AVAILABILITY.........................................................................................53
3 4 4 . 4Q
HOST COHHOH INTEREST RATES CHARGED ON FARH LOANS...........................................53
3 4 4 . 5Q
TRENDS IN FARH REAL ESTATE VALUES ANDLOAN VOLUSE........................................ 54

345

-RICHMOND

345.
1Q CURRENT FARH NON-REAL-ESTATE LENDING EXPERIENCE...........................................55
3 4 5 . 2Q FARH NON-BEAL-ESTATE LOAN VOLUHB EXPECTED DURING THE CURRENT
QUABTER................................................................................................................................................ 55
3 4 5 . 3Q AVERAGE LOAN/DEPOSIT RATIO AND OTHER CONDITIONS THAI REFLECT
RELATIVE CSEDII AVAILABILITY......................................................................................... 56
345.4Q
TYPICAL INTEREST RATES CHARGED ON FARH LOANS..................................................... 56
3 4 5 . 5Q
TRENDS IN FARH REAL ESTATE VALUES AND LOAN VOLUHE....................................... 57

DESCRIPTION OF SUBVEI COVERAGE AND PROCEDURES...........................................................................58

35

SURVEY
TABLE

Of

TERRS

Of

BANK

LENDING

TO

EARNERS

(NON-REAL-ESTATE

3 3 IQ

QUARTER

LOANS

HADE

DURING

FIRST

MEEK

Of

(IlDDLE BONIri 0 /

QUARTER)

AVERAGE EFFECTIVE IKTESES1 SATES (PERCENT)*
1
1.
| ALL LOANS 1
1 FEEDER
1 LIVESTOCK
|

1

1
OTHER
LIVESTOCK

OTHER
CORBENT
OPERATING
EXPENSES

FABB
HACHINEPY
AKC
EQUIPHEKT
3 3 1 . IQ

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

|
1
|
i

8.8
8.7
8.7
9.1

1 9 7 8 - Q 1 ...........
- Q 2 ...........
- Q 5 ...........
...........

|
|
|
|

9.2
9.3
9.8
10.4

1 9 7 9 - Q 1 ...........
- Q 2 ...........
- Q 2 ...........
- Q 44...........

)
I
|
i

11.0
11.2
11.3
13.6

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

|
|
1
|

14.1
17.4
13.5
15.5

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

|
|
|
|

17.9
17.9
19.6
18.8

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

17.7

1
1
J
1
I
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
i

AHOUNI Of LOAN
____ ilttSUSANDS Of DOLLARS)
100
1
1 TO
10 TO
25 TO
AND
1
'9
24
99
CVBR
1
.1 _

PURPOSE OF LOAN
OTHER

8.5
8.4
8.4
8.5

8.9
8.2
6.6
9. 1

8.8
6.8
9 .0
9.2

9. 1
9.4
9.0
9.2

8.6
3.9
8.6
9 .2

9.2
9.4
9.5
10.2

9.1
9. 1
5.5
10.6

9.1
9.2
9.7
10.3

9.3
9.4
9.6
10.3

9.2
9.5
9.5
10.7

11.1
11.2
11.2
13.5

11.2
11.7
11.1
12.9

10.9
11.2
11.4
13.6

10.3
10.6
10.9
13.2

11.2
11.1
11.5
14.6

14.4
17.7
13.4
15.5

13.5
16.6
13.7
15.3

14.3
17.5
13.7
15.4

13.0
16.4
13.3
15.1

14.6
17.2
13.3
15.7

17.8
18.4
19.6
18.5

17.4
16.0
19.9
18.7

17.9
17.7
19.5
18.9

17.4
17.6
18.9
18.1

18.3
17.7
20.1
18.S

17.6

17.4

17.7

17.9

17.9

331.2Q
1 9 7 7 - Q 1 ........... |
- 0 2 ........... |
- Q 3 ........... .1
- Q * ........... .1

8.3
8.1
8.4
9.4

1 9 7 8 - Q 1 ............<
- 0 2 ........... . |
- 0 3 ............ |
- o « ........... .1

9.3
9.6
10.4
11.7

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

12.5
12.8
12.9
16.2

1 9 8 0 - Q 1 ............)
- 0 2 ............ 1
- Q 3 ............ |
- Q 4 ............ |

16.0
18.5
12.8
16.3

1 9 8 1 - Q 1 ............1
- Q 2 ...........>|
- 0 3 ............ |
“ Q4...........J

19.9
19.5
20.8
18.9

1 9 8 2 - Q 1 ........... J

18.0

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

6.9
8.9
8 .9
9.0

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

9.1
9 .2
9.3
10.0

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

10.4
10.7
10.9
13.1

1 9 8 0 - Q 1 ............ |
- Q 2 ...........>|
- 0 3 ............ |
- Q 4 ............1

13.7
17.1
13.7
15.3

1 9 8 1 - Q 1 _____ .)
- 0 2 ..........., |
- 0 3 --------.1
- 0 4 ........... .)

17.5
17.5
19.1
18.7

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

17.5

i
i
i
i
i
i
i
11
i
<
i
i
11
i
.X.

OTHER

1
1
1
1
J
1
J
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

9.0
9.1
9.0
9.1

9.0
9.0
6.8
9.0

6.7
8.9
8.3
9.0

8.o
8.1
8 .5
9.5

6.3
8.1
8.4
9.4

8 .9
8.9
6.9
9.0

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

10.3
10.6
10.9
12.9

10.4
10.7
11.1
13.2

10.5
10.8
11.0
14.2

12.1
12.2
11.8
14.5

12.5
12.8
12.9
16.2

10.4
10.7
10.9
13.1

13.5
16.5
13.5
15.1

13.6
17.0
15.4
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

15.7
17. 1
13.7
15.3

17.4
17.5
18.8
18.5

17.7
17.6
19.1
18.8

17.7
17.7
19.3
18.5

16.4
18.2
20.3
19.0

19.9
19.5
20.8
18.9

17.5
17.5
19.1
18.7

17.7

17.3

17.7

17.0

16.0

17.5

9.0
9.0
9.2
9.6

6 .7
6.6
8.9
9.3

6.4
a .5
8.7
9.4

8.3
7.8
8.3
9.3

9.7
9.9
10.5
11.5

9.6
9.8
10.4
11.6

9.5
9.6
1 C .3
11.4

9.2
9.6
10.4
11.8

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

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
12.6
16.4

18.9
16.6
19.8
19.0

19.4
18.4
19.7
19.0

19.7
19.0
20 .5
18.9

20.1
19.7
20.9
18.8

18.3

18.2

17.9

18.0

9.0
9.1
9.0
9. 1

9.0
9.0
8.8
9 .0

8.7
6.9
8.8
8.9

9.3
8.6
9 .2
9.1

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
5.5
10.3

10.3
10.5
10.8
12.6

10.2
10.5
10.9
13.1

10.3
10.5
10.8
13.0

11.3
11.4
11.2
13.4

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

17.3
17.5
16.8
16.5

17.6
17.5
19.0
18.8

17.4
17.6
19.1
16.5

17.6
17.5
19.4
19.1

17.6

17.3

17.6

17.5

LARGE BANKS**

8.0
7.8
8.1
9.2

7.3
7.2
6.2
9.0

8 .7
8.3
8.8
9.6

8 .7
8.9
8 .7
9.4

8.2
8.6
6.7
9.2

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

12.8
12.9
13.0
16.2

13.5
13.5
12.6
16.1

12.5
12.7
12.6
15.9

12.2
12.3
12.2
14.7

12.1
12.7
13.0
16.9

16.8
20.2
12.9
16.6

15.4
17.2
1 2 .S
16.2

15.6
18.4
13. 1
15.7

14.7
10.6
12.7
15.7

16.0
18.0
12.4
16.9

21.1
20.7
20 .6
18.7

17.6
19.3
21.9
18.6

19.6
16.7
20.6
19.2

16.8
18.4
19.6
19.3

20.4
19.6
21.6
18.7

17.5

17.3

18.3

17.3

18.0

3 3 1 . 3Q
i
i
i
i
j
i
i
i
i
i
j
i

LARGE**

ALL BANKS

1

l
1
l
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
t
1
J
1
1
i
1
1

SIZE O F BANK

1
1
1
1
1
1
1
1
1
1
1A
1
1
1
(
1
1
1
1
1
I
1
1
1
1
1
1
i

OTHER BARKS

8.8
8.8
8.8
8.8

9 .0
8.6
8.7
5.1

8 .8
8.9
9 .0
9.0

9.1
9.5
9.2
9.2

9.0
9.0
8.6
9.2

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

10.5
10.7
10.8
13.1

10.5
11.3
10.9
12.1

10.5
10.8
11.0
13.2

10.2
10.3
10.8
1 3 .1

10.5
10.3
11.0
13.3

13.9
17.4
13.4
15.2

13.3
16.5
14.0
15.4

1 4 .C
17.1
13.8
15.4

12.9
16.4
13.4
15.1

13.6
16.6
13.5
15.2

16 ./
17.7
19.2
16.5

17.4
17.7
19.1
18.7

17.6
17.6
19.1
18.8

17.4
17.5
18.8
18.0

17.7
17.1
19.1
19.0

17.7

17.4

17.4

18.0

17.7

1
1
;
1
1
1A
1
1
1
1
1
1
1
1
1
t
1
1
1
1
1
1
1
1
1
1
1
-1-

• THE APPB0X1BA1I COBPOONDZD ANNUAL IBTEBEST BATE ON BACH LOAN I S CALC0LA1ED FBOB SURVEY DATA ON THE STATED BATE AND C1HEB TEBBS
OF 'THE LOAN.
IN CONFUTING THE AVEBAGE OF THESE ES1IAATED EFFECTIVE BATES, EACH LOAN I S NEIGBTBD BY I T S DOLLAR AflOONT.
**

FOR

-LAR G E BANKS- ABE BANKS
A S O f D E C E A S E S 1980.
ADDITIONAL




lMFOABATIOH,

IN

SURVEY

SEE

BOTES

STBATA

TO

1-3,

COSBESPONDING

STATISTICAL

RELEASE

APPBOIIBATELI

B.2,

FEDERAL

TO

BANKS

RESERVE

H2TH

BOARD.

OVEB

S450

BILLION

IN T O T A L

ASSETS

36
SOBVBY

OF

IZBAS

OF

BANK

LENDING TC

FABHERS

IABL J 3 3 2 0

(NON-REAL-ESTATE

LOANS

HADE

DOBING

FIRST

NEEK

OF

KIDDLE

MCNTh

Li

QUASILE|

AVERAGE EFFECTIVE INTEREST RATES COMPARED HITU OVERALL AVERAGE*

1
1
AVERAGE 1
i
1 EFFECTIVE 1
QUARTER
1 INTEREST 1
1 RATE ON J
FEEDER
1 ALL LOANS |
1 (PERCENT) | LIVESTOCK
1
1
_____
1
1
1.
1
1 9 7 7 - Q 1 . -------1
8 .6
-0 .3
-Q2.
8.7
-0 .3
6.7
-0 .3
-Q3.
9.1
-0 .2
-Q 4*.
1
1978-01.
0.0
9 .2
9.3
0.1
-02.
-03. . . . . |
9.6
-0 .1
10.4
-Q4.
-0 .1
1
11.0
0.1
1979-Q1.
0 .0
-Q2.
11.2
-0 .1
11.3
-03.
-Q4.
13.6
-0 .1
!
1980-Q1.
14.1
0.3
17.4
0.3
-Q2.
-Q3.
-0 .1
13.5
-Q4.
-0 .0
15.5
1
-0 .1
1981-Q1.
17.9
0.6
-Q2.
17.9
19.6
0.1
-03.
-Q4.
-0 .3
18.8
i
-0 .1
1982-Q1.
17.7
1
i
1.
1

DIFFERENCE FRC8 AVERAGE EFFECTIVE INTEREST RATE ON ALL LOANS
PURPOSE OF LOAN

AMOUNT OF LOAN
____ (THOUSANDS OP UOLLAPS)

1
A

OTHER
LIVESTOCK

OTHER
CURRENT
OPERA1 1 NG
EXPENSES

(ARM
MACHINERY
ANC

OTHER

3 3 2 . 1 ■u

1
I
I

1 IC
5

10 TC
24

25 IC
99

SIZE OF BANK

Too
AND
OVER

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
I
I
i
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 .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
I
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

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.**
-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
1.0
2.6

-C .b
-0 .5
-0. 3
-0-5

-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 . .)

|
|
1
1
1
)
|
|
|

-0 .6
-O.S
-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

-0 .5
0.1
0.3
-0. 1

-0 .0
-0 .2
-0 .1
0.1

-0 .6
-0 .3
-0 .7
-0 .7

0.4
-0 .2
0.5
0.1

-0 .6
-0 .4
-0 .8
-0 .2

-0 .2
-0 .3
-0 .5
0.0

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

0.5
0.3
0.7
6 .2

2.0
1.7
1.2
0.1

-0 .4
-0 .3
-0 .5
-0 .0

-0 .3

-0 .0

0.3

0.2

-0 .0

-0 .3

-0 .0

0.1

0.3

-0 .2

-1 .1
-0 .9
-0 .2
-0 .4

0.4
0.2
0.4
0 .2

C .4
0.8
0.3
0 .0

-0. 1
0.6
0.3
-0 .2

J
I
J
t

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

1
|
I
I

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

1979-01"Q2.
-Q3.
-04.

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.
-Q 4.

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

|
1
|

-0 .8
-1 .5
0.3
-0 .6

-0 .6
-1 .C
0.1
-0 .6

-0 .1
-0 .1
0.2
-0 .3

0.1
0.1
-0 .1
0.1

19.9
19.5
20.8
18.9

1.2
1.1
-0 .2
-0 .2

-2 .4
-0 .2
1.1
-0 .3

-0. 3
-0 .8
-0 .2
0.3

-3 .1
-1 .1
-1 .2
0.4

0.5
0.1
0.0
-0 .2

|
|
I
1

-1 .1
-0 .9
-1 .0
0.1

-1 .1
-1 .1
0.2

-0 .3
-0 .6
-0 .3
0.1

0.2
0.2
0.1
-0 .0

18.0

-0 .5

-0 .6

0.3

-0 .7

0.0

)

0 .3

0.2

-0 .1

-0 .0

1

1981-Q1.
-02.
-Q3.
-Q4.

J
1

1

1
1982-Q1.
1
1
1

3 3 2 . 3Q

I
1977-01.
-Q2.
-Q3.
-04.
<
1978-Q1•
-Q2.
-03,
-04.
1
19 7 9- Q 1
-Q2 i
-Q3.
-Q 4.

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

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

1
|
|
|

-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

10.4
10.7
10.9
14.1

a»o
-0 .0
-0 .1
0 .0

9.0
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

1
|
|
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

0.6
0.7
0 .3
0.3

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

.

17.5
17.5
19.1
18.7

4

1
17.5

1982-Q1•

-o. r

OTHER BANKS

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

1
1981-Q1.
-Q2.
-Q3.
-Q4.

l

8.9
8.9
6.9
9.0

1
1980-01.
-02.
-Q3.
-Q 4.

0. 1
0.2
0..2

LARGE Ba n k s **

i
o
U1

3 3 2 . 2Q

|
)
|
i
1
I
X

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

1978-Q1•
-Q2.
-Q3.
-Q4. —

Cl HER

ALL BANKS

8.3
8.1
8.4
9.4

1977-Q1.
-02.
-Q3.
-Q4.

LAF.GE**

-0 .6
0. 1
0.2
-0 .3

-0 .1
0.2
0 .0
-0 .1

0 .1
0.0
-0 .0
0.1

-0 .1
-0 .0
-0 .3
-0 .7

0.2
-0 .4
-0 .0
C.2

1
|
|
I

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

0.1
0 .0
-0 .1
0 .0

-0 .1
0.1
0 .0
-0 .3

0.1
-0 .0
0.3
0.4

0.1

-0 .1

-0 .1

0.5

0.2

I

0.1

-0 .3

0.1

-0 .0

1
• T U APPBOXIBATf COAPOONDED ANNCAL INTEREST BATE ON SACK LOAN I S CALCULATED FBOA SOBVEI DAIA ON THE STATED BATE AND OTHER TERNS
OF THE LOAN.
IN COHPOXZNG THE AVERAGE OF THESE ESTIMATED EFFECTIVE RATES, EACH LOAN I S WEIGHTED BY I T S DOLLAR AAOUN1.
**

FOR

"LARGE BANKS" ARE BANKS
* S O F D E C E M B E R 1980.
ADDITIONAL




INFORMATION,

IN S 9 PVEY

J$E

NOTES

STRATA

TO

1-3,

CORRESPONDING

STATISTICAL

RELEASE

APPROXIMATELY

Z.2,

FEDERAL

TO

BANKS

RESERVE

WITH

BOARD.

OVEB

$450

BILLION

IN

TOTAL

ASSETS

37
SURVEY OF TERMS OF BANK LEMDING TO FA BEERS
TABLE 333Q

PERCENTAGE G l LOANS MADE WITH A FLOATING INTEREST BATE*
PURPOSE OF LOAN

1
QOAFTER

{NON-BEAL-ESTATE LOANS MADE DOBING FIRS T WEEK OF MIDDLE MONTH OF QUARTER)

| ALL LOANS 1
)
FEEDER
J LIVESTOCK
1

OTHEP
LIVESTOCK

OTHER
CURRENT
OPERATING
EXPENSES

FARM
MACHINERY
AND
EQUIPMENT

AMOUNT OF LOAN
|
SI ZE OF BANK
I
1—____ iTBOOSANDS Of DOLLARS)________ 1
100
1
1 TO
10 TO
2 5 TO
AND
| LARGE** OTHER
1
9
24
99
OVER 1
1
I
1

OTHER

3 3 3 . 1Q

ALL BANKS

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

|
1
|
I

15.3
13.2
22.7
17.3

|
1
|
J

27.7
17.3
41.4
1 4.S

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

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

I
1
|
J

15.0
22.1
18.4
13.2

J
I
1
J

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

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

i
1
I
|

18.6
19.3
12.5
15.6

|
|
|
J

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

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

i
|
J
|

16.5
26.8
20.7
21.6

i
J
1
1

16.3
IS .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. . . .
- Q 2 ...........
- Q 3 ------- Q 4 -------

1
|
|
|

29.0
22.6
35.6
31.5

]
|
1
{

36.5
30. 3
32.5
35.5

19.3
15.5
22.6
30.7

33.2
20.1
39.6
38.1

13.3
12.5
21.2
15.8

22.6
30.2
41.6
27.5

1 9 8 2 - Q 1 ........... 1

47.1

J

41.8

53.0

55.0

30.8

38 .5

1
1
1
1
1
J
1
1
1
J
1
J
1
1
1
i
j
i
i
i
i
i
i
i
i
i

4.9
1.4
1.5
1.1

7.0
3.5
3.0
3.2

5.9
6.6
7.4
7.6

36.6
40.6
54.4
44.4

|
)
J
1

66.8
48.8
64.5
61.8

2.3
2.3
0.3
1.5

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

|
|
|
)

57.0
67.4
63.5
58.0

1.6
1.0
1.4
0.6

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

|
|
|
|

61.4
70.8
65.5
68 .0

2.9
3.8
1.1
5.0

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

i
|
J
|

68.3
80.0
74.7
74.1

4.6
11.5
7.8
9 .4

11.3
14.0
17.6
19.1

14.0
12.6
21.5
24.9

23.0
15.3
24.2
25.6

46.4
34.2
56.4
40 .7

)
|
|

84.2
60.0
85.7
71.7

17.1
10.7
15.7
19.9

23.5

26.2

35.4

65.3

|

70.7

34.6

35.1
39.2
34.5
35.5

48.7
37.7
45.2
45.9

75.4
53.7
69.8
68.6

38.6
34.7
38.1
41.9

45.1
43.3
47.0
40.4

63.6
74.9
69.1
64.4

45.2
47.8
46.1
49.3

57.2
53.3
50.7
54.0

63.7
78.2
75.1
73.6

42.5
43.9
51.2
53.5

56.7
53.1
66.5
68.5

73.5
87.2
80.3
77.6

56.9
59.6
65.8
63.7

71.4
64.4
68.7
74.6

91.3
84.9
89.9
72.1

65.2

75.8

70.6

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

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

2.9
2.7
0.8
1.0

0.1
3-2
1.3
6 .7

3 .7
2.4
1.3
8.2

4.5
7.9
1.0
1.8

2.7
5.6
5.6
7.9

3 .0
19.1
6 .0
11.3

1.4
14.1
6 .7
9.4

11.8
8 .8
12.5
9 .2

9.7
12.6
16.1
17.9

10.9
10.1
17.9
22.1

17.7
11.0
18.3
20.1

23 .7
9.8
9.2
19.6

21.5

22.5

31.0

56.1

i

i

3 3 3 . 2Q

LARGE BANKS**

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

66.8
48.6
64.5
61.8

|
|
i
I

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 9 7 8 - Q 1 ........... . |
- Q 2 ........... , |
- Q 3 ........... |
- Q 4 ........... .)

57.0
67.4
63.5
58.0

I
|
|
|

61 .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

1 9 7 9 - Q 1 ........... .J
- Q 2 ........... |
- Q 3 . ------ |
- Q 4 ........... .)

61.4
70.8
65.5
68.0

J
|
1
|

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

1 9 8 0 - Q 1 ........... .)
“ Q2........... , |
- Q 3 ...........
- Q 4 ........... .J

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

1 9 8 1 - Q 1 ............)
- Q 2 ........... . |
- Q 3 ............J
- Q 4 ........... . |

84.2
60.0
85.7
71.7

|
|
|
J

92.1
87.1
95.7
80.4

69.4
51 .0
59.7
91.7

81.6
75.9
83.2
77 .5

69.4
64.8
84.8
82.1

86.8
93.0
85.1
60.8

1 9 8 2 - Q 1 ........... .1

70.7

|

58.4

94.3

86.3

81.9

55.5

3 3 3 . 3Q

i
27.4
i
33.1
i
26.5
i
27.8
i
i
26.3
j
24.6
i
29.1
i
34.1
i
i
38.1
i
29.0
i
30.5
i
38.2
i
i
37.0
i
38.7
i
37.4
i
45.1
i
i
47.6
i
53.6
i
56.4
i
53.3
i
i
59.8
i
_ i_

OTHER BANKS

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

2.3
2.3
0.3
1.5

i
i
1
1

4.3
0 .0
0. 1
0.9

0.8
14.9
0.0
0.0

3.1
0.8
0.3
0.3

3.7
0.6
0.5
0.2

0.0
0.4
0.6
6 .3

1 9 7 8 - Q 1 ........... . |
- Q 2 ........... .(
- Q 3 ........... .)
- Q 4 ........... . |

1.6
1.0
1.4
0.6

|
|
|
|

0 .2
0.0
0.1
1.0

0.0
0.0
1.0
0.0

3.6
0.3
3. 1
0 .5

0.0
0 .0
0.0
0.0

0.1
4.4
0.1
0.8

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

2.9
3 .8
1.1
5.0

I
|
|
1

2.8
7 .3
0.3
3.5

1.6
0.0
0.0
1.0

1.1
4.0
2.0
7.5

1.7
2.5
0.7
C.2

8.2
0.2
1.4
9 .5

1 9 8 0 - Q 1 ........... ,J
- 0 2 ........... , |
“ Q3........... , |
- Q 4 ........... .)

4.6
11.5
7.8
9.4

|
1
|
|

0.6
15.8
2.5
11.1

2 .6
3.6
4.0
10.0

9.2
11.4
9.4
9.1

2.0
11.5
3.6
9.6

1.9
4 .4
14.0
7.1

1 9 8 1 - Q 1 ........... 1
- C 2 ........... J
- Q 3 ........... , |
- Q 4 ........... |

17.1
10.7
15.7
19.9

t
|
|
|

18.3
10.7
6.3
24. 1

10.1
8.6
9.0
19.0

24.7
11.6
23.0
28.2

6 .6
5.8
11.6
10.3

3.9
11.7
11.4
10.3

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

34.6

|

25.9

45.8

41.7

26.3

19.6

i
i
i
i
i
i
i
i
i
j
i
i
i
i
i
i
i
i
i
i
i
i
i
i
I
i
i
■

* PERCENTAGE OF AMOUNT OF LOANS MADE.
A FLOATING RATE I S TIED TO SOME OTHER RATE (SUCH AS THE PRIME RATE OR A MARKET INTEREST
RATE), AND NEITHER THE BANK NOR THE BORROWER KNOWS THE EXACT BATE OF INTEREST TO BE CHARGED OVER THE L I F E OF THE LOAN.

** "LARGE BANKS" ARE BANKS IN SURVEY STRATA 1-3, CORRESPONDING APPROXIMATELY TO BANKS WITH OVER $450 MILLION IN TOTAL ASSETS
AS OF DECEMBER 1980.
FOB 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 KEEK OF MIDDLE MONTH OF QUARTER)
TABLE 334Q

AVERAGE MATURITY OF LOANS MADE (MONTHS) *

QUARTER

1 9 7 7 - Q 1 ...
—Q 2. . •
- Q 3 ...
—Q4 . .
1 9 7 8 - Q 1 ..
-Q 2 . •
-Q 3 . .
- Q 4 ...
1 9 7 9 -Q 1 . . .
- Q 2 ...
-Q 3 . •
- Q « ...
1 9 8 0 -Q 1 . .
- Q 2 ...
- Q 3 ...
-Q 4 . •
1 9 8 1 - Q 1 ..
- Q 2 ...
-Q 3 . .
- Q 4 ...
1 9 8 2 - Q 1 ...

FEEDER
LIVESTOCK

OTHER
LIVESTOCK

OTHER
FARM
CURRENT
MACHINERY
OPERATING
AND
EXPENSES. EQUIPMENT.
3 3 4 . 1Q

OTHER

|1

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

9 .1
8 .1
6 .9
8 .0

8 .8
7 .9
1 0 .1
8 .3

1 6 .3
8 .9
7 .1
1 3 .6

7 .7
7 .8
5 .6
7 .4

5 .1
6 .1
5 .6
5 .8

1 2 .4
8 .9
7 .9
1 0 .6

6. 1
5 .3
5 .0
6 .8

6 .5
5 .9
6 .6
6 .6

9 .9
6 .1
5 .3
6 .2

1 8 .3
1 7 .8
2 0 .4
1 6 .2

8 .7
1 5 .9
6 .1
7 .1

7 .8
8 .7
7 .5
7 .5

1 1 .3
7 .6
6 .6
8 .9

1 1 .2
1 0 .2
8 .7
7 .3

9 .6
9 .1
4 .5
6 .6

6 .7
1 0 .1
4 .4
5 .2

1 1 .0
8 .6
7 .5
8 .0

6 .8
5 .5
5 .3
5 .8

7 .8
6 .3
6 .0
7 .2

6 .7
6 .0
5 .1
6 .2

1 7 .9
1 1 .7
1 4 .0
1 4 .1

6 .6
1 4 .1
6 .7
8 .8

8 .4
8 .1
6 .9
7 .3

1 0 .7
8 .5
6 .6
7 .1

8 .0
9 .1
6 .8
7 .2

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

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

8 .6
8 .2
6 .5
7 .1

6 .6
5 .0
8 .3
6 .0

6 .5
6 .6
7 .7
7 .6

6 .9
6 .2
4 .9
7 .9

1 2 .7
1 2 .6
2 2 .6
9 .6

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

5 .6
8 .0
5 .9
6 .2

7 .6
6 .1
8 .2
7 .5

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

4 .9
8 .0
5 .4
6 .4

6 .2
6 .2
4 .5
5 .2

1 0 .8
1 3 .5
1 2 .1
7 .4

4 .2
6 .5
4 .2
5 .4

6 .4
6 .8
5 .6
5 .8

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

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

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

5 .8
7 .5
3 .6
4 .9

6 .3
6 .7
5 .4
6 .0

3 .9

7 .7

8 .2

9 .0

5 .3

6 .2

8 .3

7 .5

6 .6

5 .9

7 .6

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

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
1 1 .2
4 .2
5 .0

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

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

5 .8
6 .5
5 .4
5 .1

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

5 .4
6 .1
5 .6
6 .6

5 .9
7 .7
3 .2
4 .5

7 .0

6 .6

7 .1

5 .7

9 .2
8 .2
7 .0
8 .0

8 .9
8 .0
1 0 .6
8 .6

1 7 .4
9 .4
7 .6
1 5 .2

1 1 .9
1 1 .5
5 .3
9 .3

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

1 1 .8
7 .6
6 .7
9 .1

1 2 .3
1 1 .0
9 .3
7 .5

1 2 .5
5 .8
5 .1
8 .2

8 .4
8 .2
7 .0
7 .4

1 0 .9
8 .6
6 .8
7 .2

8 .3
9 .6
7 .0
7 .1

6 .4
5 .4
4 .5
7 .1

8 .1
6 .4
6 .1
6 .7

7 .6
6 .1
7 .2
7 .2

7 .0
6 .6
9 .9
6 .3

8 .5
5 .1
8 .8
9 .4

6 .5
6 .8
5 .6
5 .9

6 .3
6 .4
5 .1
7 .4

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

6 .2
7 .0
5 .2
5 .8

6 .2

8 .4

7 .5

7 .8

LARGS BANKS**

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

1 4 .6
9 .3
5 .8
1 0 .1

6 .4
6 .4
7 .4
7 .4

6 .7
1 0 .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

1 3 .2
2 1 .9
9 .6
2 4 .8

7 .4
2 6 .0
4 .2
6 .5

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

4 .4
4 .6
3 .9
3 .0

7 .1
6 .2
5 .2
4 .4

5 .9
5 .4
4 .1
5 .7

1 2 .9
5 .2
1 2 .5
2 3 .5

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

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

2 2 .5
7 .3
7 .1
1 1 .6

4 .5
8 .8
8 .8
6 .7

5 .8
7 .5
3 .6
4 .9

6 .7
4 .9
2 .7
4. 7

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

5 .7
6 .3
4 .0
5 .4

7 .2
4 0 .9
1 0 .5
8 .0

4 .8
6 .1
2 .6
3 .8

5 .9

1 .9

6 .4

8 .7

1 1 .0

3 .1

i
i
i
i.
i

3 3 4 . 3Q
1 2 .4
8 .9
7 .9
1 0 .6

6 .7
7 .5
6 .8
7 .4

2 0 .3
6 .9
7 .6
5 .7

7 .7
6 .5
5 .7
5 .8

1 6 .7
1 7 .3
9 .5
1 2 .6

1 5 .1
1 1 .9
1 5 .0
2 4 .4

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

1 1 .0
8 .6
7 .5
8 .0

6 .9
6 .2
5 .6
7 .6

6 .6
7 .5
6 .5
6 .8

1 0 .5
6 .3
5 .8
6 .7

1 8 .5
1 7 .5
2 1 .8
1 5 .6

9 .6
1 0 .6
7 .0
7 .4

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

1 8 .1
1 2 .9
1 4 .0
1 3 .5

7 .9
1 7 .4
7 .0
9 .6

7 .6
6 .1
8 .2
7 .5

a .o
5 .2
9 .6
6 .1

6 .6
6 .3
7 .6
7 .9

6 .9
5 .3
5 .0
8 .3

1 2 .2
1 2 .8
2 4 .2
9 .6

6 .7
5 .7
7 .3
6 .0

6 .3
6 .7
5 .4
6 .0

7 .3
5 .4
5 .1
5 .7

4 .7
8 .6
5 .9
6 .0

6 .2
6 .2
4 .7
5 .1

1 1 .2
1 0 .5
1 2 .3
7 .3

4 .0
6 .6
4 .8
6 .1

5 .3

7 .8

8 .0

8 .9

6 .7

i

1 9 8 0 - Q 1 . •<
- Q 2 ...
- Q 3 ...
- Q 4 ..,
1 9 8 1 - Q 1 .•«
- Q 2 ...
—Q 3 ..«
- Q 4 ...

I1

11

11

1 9 8 2 -Q 1 • • ,

7 .6
j-J L

<
1
i
1
1
1
1
1
1
1
1
1
1
J
1
1
1
1
1
J
1
1
1
1
|
1
1
1

OTHER BANKS

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

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

1

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

* AVERAGE MATURITY OF NONDEMAND LOANS, WITH EACH LOAN WEIGHTED BY IT S DOLLAR AMOUNT.
** NLARGE BANKS** ARE BANKS IN SURVEY STRATA 1 - 3 , CORRESPONDING APPROXIMATELY TO BANKS WITH OVER $ 4 5 0 MILLION IN TOTAL ASSETS
AS OF DECBMBEB 1 9 8 0 .
FOR

ADDITIONAL




INFORMATION,

OTHER

1 3 .0
1 0 .4
1 2 .0
1 8 .4

1
1 9 8 2 - Q 1 . ..

LARGE**

1 6 .6
1 6 .5
8 .5
1 2 .5

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

2 5 TO
99

6 .9
6 .5
5 .3
5 .6

3 3 4 . 2Q

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

10 TO
24

t9 .2
6 .5
7 .4
5 .7

6 .0
6 .7
6 .0
6 .8

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

1 TO
9

1 00
AND
OVER

ALL BANKS

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

SIZ E OF BANK

AMOUNT OF LOAN

PURPOSE OF LOAN

1
I
1 ALL LOANS
1
1
|
1
1
1
1
1 0 .9
8 .3
7 .0
9 .4
I
1 0 .0
9 .1
b. 6
7 .4
i
7 .8
7 .5
6 .2
6 .9
1
7 .2
6 .6
7 .8
7 .3
1
6 .2
6 .8
5 .0
5 .8
1
7 .1
1
i
1

SEE

NOTES

TO

STATISTICAL

RELEASE

B.2,

FEDERAL

RESERVE

BOARD.

39
SURVEY O f TERMS OF BANK LENDING TO FABMEBS (NON-REAL-ESTATE LOANS MADE DURING FIR ST WEEK OF MIDDLE MONTH OF QUARTER)
TABLE 3 3 SQ

QUARTER

AMOUNT, HUMBER, AND AVERAGE AMOUNT OF LOANS MADE
J
1
1
1
1 ALL LOANS 1
1
4 FEEDER
1
1 LIVESTOCK
|
|

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

823.
925.
872.
709.

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

797.
995.
825.
949.

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

968.
1057.
818.
1197.

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

1142.
1211.
948.
1301.
1

19 8 1 -Q 1 . .
-Q 2 ..
“ Q3. .
-Q 4 . .

OTHER
LIVESTOCK

OTHER
CURRENT
OPERATING
EXPENSES
3 3 5 . 1Q

1
I
1

)

PURPOSE OF LOAN

1083.
1419.
918.
1261.

i
1
1
1
1
i
1
1
1
1
i
I
i
I
I
i
i
i
i
i
t
i
i
i
i

AMOUNT OF LOAN
______ (THOUSANDS OF DOLLARS

FARM
MACHINERY
AND
EQUIPMENT

OTHER

1 TO
9

10 TO
24

SIZ E OF BANK

25 TO
99

1 00
AND
OVER

|
| LARGE*
|

OTHER

AMOUNT OF LOANS MADE (MILL ONS OF DOLLARS)

114.
156.
279.
170.

125.
124.
47.
85.

292.
380.
326.
233.

114.
91.
71.
64.

175.
171.
136.
155.

172.
197.
163.
146.

145.
213.
158.
137.

253.
286.
232.
197.

253.
229.
320.
228.

167.
218.
305.
185.

657.
707.
568.
523.

168.
235.
246.
380.

48.
86.
62.
104.

303.
359.
341.
293.

105.
83,
58.
76.

163.
208.
117.
95.

162.
186.
159.
135.

169.
175.
151.
187.

219.
256.
239.
327.

247.
379.
276.
301.

192.
316.
227.
208.

604.
679.
598.
741.

304.
268.
218.
499.

84.
128.
92.
72.

292.
426.
331.
387.

76.
112.
53.
81.

212.
123.
124.
153.

154.
201.
151.
160.

160.
181.
126.
184.

321.
324.
267.
416.

333.
351.
273.
436.

260.
246.
144.
202.

708.
812.
673.
995.

303.
392.
203.
337.

118.
67.
85.
81.

472.
452.
390.
533.

103.
67.
71.
130.

126.
233.
198.
220.

149.
164.
146.
191.

177.
168.
182.
217.

406.
303.
290.
387.

410.
577.
330.
506.

213.
271.
182.
246.

929.
940.
766.
1056.

183.
296.
253.
239.

64.
119.
58.
91.

523.
664.
451.
456.

88.
124.
58.
89.

219.
206.
98.
350.

148.
188.
145.
157.

166.
236.
143.
180.

354.
402.
262.
360.

415.
593.
367.
565.

192.
244.
262.
281.

892.
1175.
656.
980.

217.

70.

623.

107.

242.

138.

167.

359.

603.

439.

827.

i
1266.

1 9 8 2 -Q 1 . . . . - 1
1
1
1
1

3 3 5 . 2Q

1 9 7 7 -Q 1 . .
- Q 2 ..
“ Q 3 . .«. . . i
- Q 4 ...

6 6 .7
7 7 .5
6 4 .8
5 3 ,8

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

6 4 .8
7 0 .0
6 3 .4
5 8 .3
1
6 2 .5
7 4 .3
5 9 .2
6 5 .9

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

6 3 .9
6 4 .7
6 0 .1
7 2 .1

1 9 8 0 - Q 1 . ..
- Q 2 ...
- Q 3 .. - Q 4 ...
t

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

6 0 .8
7 7 .6
5 6 .8
6 4 .3

. . J

1
1 9 8 2 - Q 1 .. .

5 7 .8
I
1
1
1

1
1 2 .3
1 4 .2
1 3 .0
1 6 .3
i

19 7 9 - Q 1 .• «
- Q 2 ...
- Q 3 .. .
- Q 4 ...
1 9 8 0 -Q 1 ■•<
- Q 2 .... . . 1
” Q 3 .• .
- Q 4 ...
1 9 8 1 - Q 1 . ..
- Q 2 ...
- Q 3 ...
- Q 4 ...
1 9 8 2 -Q 1 . . .

j
J
1

j

NUMBER OF LOANS MADE

THOUSANDS)

6 .2
8 .5
8 .8
9 .8

8 .4
9 .1
6 .5
6 .5

3 0 .1
4 0 .3
3 2 .7
2 1 .8

1 1 .5
1 1 .2
8 .6
7 .3

1 0 .3
8 .4
7 .8
8 .4

4 9 .8
5 6 .5
4 7 .9
3 9 .1

9 .9
1 3 .8
1 0 .8
9 .6

6 .1
6 .3
5 .3
4 .2

0 .9
1 .0
0 .8
0 .8

3 .2
4 .3
3 .8
3 .1

6 3 .5
7 3 .3
6 1 .0
5 0 .7

1 0 .5
1 0 .3
1 0 .7
1 4 .6

6 .1
7 .7
4 .9
5 -6

3 0 .0
3 3 .7
3 4 .5
24. 1

9 .3
1 0 .0
5 .9
7 .8

8 .6
7 .9
7 .4
6 .0

4 6 .8
5 1 .0
4 6 .0
3 6 .8

1 1 .4
1 1 .7
1 0 .1
1 2 .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

6 1 .0
6 5 .6
6 0 .0
5 5 .0

1 0 .9
1 0 .8
6 .9
1 1 .1

6 .2
6 .6
5 .3
5 .6

2 6 .8
4 1 .5
3 2 .4
3 3 .0

8 .1
8 .9
6 .9
9 .0

1 0 .5
6 .5
7 .6
7 .0

4 3 .1
5 3 .5
4 2 .8
4 2 .5

1 1 .2
1 2 .3
3 .0
1 2 .8

7 .0
7 .0
5 .9
8 .5

1 .3
1 .5
1 .5
2. 1

3 .4
4 .1
3 .3
3 .1

5 9 .2
7 0 .3
5 5 .9
6 2 .8

9 .6
8 .7
7 .8
1 2 .2

6 .5
5 .0
4 .7
6 .1

3 0 .8
3 7 .8
3 3 .2
3 2 .9

8 .7
7 .6
5 .4
1 2 .8

7 .7
5 .5
8 .9
8 .1

4 1 .0
4 4 .2
3 8 .8
4 6 .7

1 2 .0
1 1 .3
1 2 .9
1 4 .6

6 .9
7 .2
6 .8
8 .6

1 .9
1 .9
1 .6
2 .2

3 .3
3 .6
3 .4
3 ,5

6 0 .5
6 1 .1
5 6 .7
6 8 .7

6 .4
8 .7
5 .9
8. S

4 .6
5 .8
3 .5
6. 1

3 7 .0
4 7 .5
3 6 .5
3 3 .2

6 .0
9 .5
5 .7
8 .1

6*6
6 .0
5 .3
7 .9

3 9 .2
50. 1
4 0 .3
4 1 .2

1 1 .3
1 5 .8
9 .8
1 2 .4

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

1 .9
2 .5
1 .0
2 .3

3 .5
3 .6
3 .0
3 .3

5 7 .3
7 4 .0
5 3 .8
6 1 .0

5. 1

3 .7

3 7 .5

5 .9

5 .4

3 6 .8

1 1 .1

7 .9

2 .0

3 .9

5 3 .9

3 3 5 . 3Q
1 2 .3
1 1 .9
1 3 .5
1 3 .2

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

i
i
i
i
i
j
i
i
i
i
i
i
\
i
i
i
i
i
i
i
)
i
i
i
i
i
i

J

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

i
i

\
i
i
i
i
i
j

i
j
i
i

1 5 .5
1 4 .2
1 3 .8
1 8 .2

i
i
i

1 7 .9
1 8 .7
1 5 .8
1 8 .0

i
i
j
i

AVERAGE AMOUNT 0 ? LOAN (THOUSANDS OF DOLLARS)

1 8 .2
1 8 .2
3 1 .7
1 7 .4

1 4 .9
1 3 .6
7 .2
1 3 .2

9 .7
9 .4
1 0 .0
1 0 .7

9 .9
8 .1
8 .3
8 .8

1 7 .0
2 0 .3
1 7 .4
1 8 .5

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

1 4 .7
1 5 .4
1 4 .6
1 4 .2

4 1 .3
4 5 .2
4 3 .9
4 7 .0

2 8 2 .0
2 3 8 .1
3 9 1 .2
2 8 7 .5

5 2 .3
5 0 .9
7 9 .6
5 9 .8

1 0 .3
9 .7
9 .3
1 0 .3

16. 1
2 2 .8
2 2 .9
2 5 .9

7 .9
1 1 .2
1 2 .8
1 8 .4

1 0 .1
1 0 .7
9 .9
1 2 .1

1 1 .2
8 .3
9 .9
9 .8

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

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

1 4 .9
1 4 .9
1 4 .9
1 4 .8

4 0 .2
4 2 .5
3 8 .1
4 4 .2

2 0 3 .2
3 0 0 .7
2 7 4 .0
2 1 3 .5

5 0 .4
7 2 .4
6 6 .5
6 3 .5

9 .9
1 0 .3
1 0 .0
1 3 .5

2 7 .8
2 4 .7
3 1 .5
4 4 .8

1 3 .4
1 9 .5
1 7 .4
1 3 .0

1 0 .9
1 0 .3
1 0 .2
1 1 .7

9 .4
1 2 .6
7 .6
9 .0

2 0 .2
1 9 .0
1 6 .3
2 1 .8

3 .6
3 .8
3 .5
3 .8

1 4 .3
1 4 .7
1 4 .1
1 4 .4

4 6 .2
4 6 .2
4 5 .0
4 8 .7

2 5 3 .6
2 3 7 .6
1 8 6 .6
2 0 9 .4

7 6 .9
6 0 .3
4 3 .8
6 5 .1

1 2 .0
1 1 .6
1 2 .0
1 5 .8

3 1 .7
4 5 .3
2 5 .8
2 7 .5

1 8 .3
1 3 .5
1 8 .1
1 3 .3

1 5 .3
1 2 .0
1 1 .8
1 6 .2

1 1 .8
8 .8
1 3 .1
1 0 .1

1 6 .4
4 2 .0
2 2 .3
2 7 .3

3 .6
3 .7
3 .8
4 .1

1 4 .8
1 4 .8
14. 1
1 4 .9

4 5 .5
4 2 .1
4 2 .6
4 4 .8

2 1 2 -4
2 9 6 .2
2 0 9 .6
2 3 4 .4

6 4 .0
7 6 .3
5 3 .3
7 1 .1

1 5 .3
1 5 .4
1 3 .5
1 5 .4

2 8 .8
34. 1
4 3 .1
2 6 .8

1 3 .8
2 0 .5
1 6 .7
1 5 .0

1 4 .1
1 4 .0
1 2 .4
1 3 .7

1 4 .6
1 3 .1
1 0 .3
1 1 .1

3 3 .0
3 4 .4
1 8 .3
4 4 .5

3 .8
3 .8
3 .6
3 .8

1 4 .7
1 4 .9
1 4 .6
1 4 .5

4 2 .5
4 3 .7
4 5 .3
4 3 .0

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

5 5 .0
6 8 .4
8 6 .2
8 5 .0

1 5 .6
1 5 .9
1 2 .2
1 6 .1

4 2 .6

1 8 .8

1 6 .6

1 8 .1

4 4 .7

3 .8

1 5 .0

4 5 .5

2 9 6 .0

1 1 1 .1

1 5 .4

i

1 7 .8
1 8 .3
1 6 .2
1 9 .6
2 1 .9

t
i

i

i
i
i
i

* "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.




40
LAUD VALUE AND CREDIT CONDITIONS SURVEY, SEVENTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANE OF CHICAGO
TABLE 341.1Q
FARE NON-REAL-ESTATE LENDING EXPERIENCE DURING THE PRECEDING QUARTER# COMPARED WITH A YEAR EARLIER
PERCENTAGE OF BANKS REPORTING
1
|
J
1
i
1 9 7 Q - Q 1 .. .I
- Q 2 ...1
- Q 3 ...|
- Q 4 ..- I

DATE OF
SURVEY
_

DEHAND FOR LOANS

FOND AVAILABILITY

LOAN REPAYMENT RATE

LONER

SAME

HIGHER

LONER

SAME

HIGHER

LONER

SAME

HIGHER”

18.
17.
10.
13.

47.
50.
45.
51.

35.
33.
45.
37.

33.
29.
25.
13.

54.
58.
61.
64.

13.
13.
14.
23.

8.
10.
13.
13.

68.
70.
75.
79.

24.
20.
11.
8.

1 9 7 1 - Q 1 .. • |
- Q 2 ...J
- Q 3 -----t
- Q 4 ...I

19.
12.
8.
9.

48.
42.
40.
48.

33.
46.
52.
44.

10.
8.
8.
7.

53.
45.
46.
54.

37.
47.
46.
39.

27.
24.
20.
16.

65.
68.
70.
74.

8.
8.
10.
10.

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

16.
10.
9.
9.

47.
44.
48.
48.

37.
46.
44.
43.

6.
5.
8.
4.

44.
41.
45.
45.

50.
54.
47.
50.

12.
6.
5.
3.

70.
72.
76.
74.

18.
22.
20.
23.

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

12.
10.
11.
14.

45.
32.
34.
36.

42.
58.
55.
50.

5.
10.
15.
27.

53.
42.
47.
47.

4247.
38.
27.

22.
9.
7.
6.

54.
57.
66.
65.

24.
34.
27.
30.

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

21.
20.
14.
20.

33.
33.
31.
33.

46.
47.
56.
46.

16.
11.
32.
45.

43.
45.
47.
41.

41.
44.
21.
14.

6.
8.
27.
28.

46.
49.
59.
59.

48.
43.
14.
13.

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

25.
19.
13.
14.

28.
29.
32.
40.

47.
52.
55.
46.

29.
22.
14.
10.

43.
49.
51.
49.

28.
29.
'3 5 .
41.

37.
44.
30.
15.

46.
48.
60.
64.

17.
8.
10.
21.

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

15.
10.
8.
10.

36.
39.
37.
40.

49.
51.
55.
50.

11.
11.
9.
13.

48.
48.
48.
49.

41.
41.
43.
38.

21.
18.
14.
19.

59.
64.
69.
69.

21.
18.
16.
12.

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

28.
30.
40.
52.

62.
61.
55.
45.

10.
9.
6.
4.

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

10.
10.
9.
5.

33.
28.
34.
33.

57.
62.
57.
62.

31.
38.
41.
48.

51.
45.
45.
40.

18.
17.
14.
12.

50.
46.
29.
28.

42.
45.
61.
61.

9.
9.
10.
12.

1 9 7 9 —Q1. . . |
- Q 2 ...I
- Q 3 ...J
- Q 4 ...I

16.
11.
11.
13.

33.
23.
31.
34.

51.
67.
58.
54.

50.
60.
50.
49.

38.
30.
39.
40.

12.
11.
11.
11.

26.
30.
22.
21.

56.
55.
65.
69.

18.
15.
13.
10.

1 9 8 0 -Q 1 . . . |
- Q 2 ...I
- Q 3 ...I
- Q 4 ...J

30.
47.
56.
48.

29.
22.
22.
32.

41.
32.
21.
20.

45.
58.
23.
12.

43.
36.
47.
45.

12.
7.
30.
43.

33.
58.
44.
25.

55.
33.
43.
55.

12.
9.
12.
20.

1 9 8 1 -Q 1 . • • |
- Q 2 ...I
- Q 3 ...I
- Q 4 ...J

63.
49.
42.
52.

24.
31.
32.
29.

13.
19.
27.
18.

10.
8.
18.
16.

38.
42.
43.
45.

53.
49.
39.
39.

22.
29.
38.
52.

42.
52.
53.
42.

36.
19.
8.
6.

1 9 8 2 -Q 1 . . . |

53.

28.

19.

8.

48.

44.

60.

31.

9.

__ L_




1 RENEWALS OR .EXTENSIONS
_l
1 LONER SANE HIGHER
1,
1
18.
62.
20.
1
18.
65.
17.
1
10.
71.
20.
1
9.
74.
17.
J
1
7.
59.
34.
1
7.
63.
30.
1
7.
67.
26.
1
9.
72.
19.
1
J
16.
69.
15.
1
17.
73.
10.
1
19.
74.
7.
1
8.
20.
72.
1
1
2
2
.
5
2
.
2
6.
1
30.
14.
56.
1
2
3
.
6
5
.
12.
1
28.
64.
8.
1
1
43.
47.
10.
1
41.
47.
12.
1
13.
57.
30.
1
5
8
.
3
2.
11.
1
1
1
4
.
4
5
.
4
1
.
1
7.
4251.
56.
33.
11.
1
19.
19.
62.
1
1
20.
57,
23.
1
17.
26.
58.
1
16.
17.
67.
1
20.
12.
68.
1
I
34.
10.
56.
1
10.
34.
56.
1
4
.
45.
51.
1
3.
56.
41.
1
I
5.
56.
40.
1
7.
52.
42.
1
9.
57.
34.
1
9.
31.
60.
1
1
14.
30.
56.
1
37.
11.
52.
1
1
0
.
27.
63.
1
10.
64.
27.
1
1
10.
33.
53.
1
6.
61.
33.
1
9.
45.
45.
1
1
6
.
5
5
.
2
8.
1
1
2
6
.
4
9
.
2
5
.
1
17.
51.
32.
1
6
.
5
0
4
3
.
1
3.
38.
58.
1
1
6.
65.
30.
1

_L

COLLATERAL ]REQUIRED
LONER

SAME

HIGHER

1.
1.
1.
0.

74.
76.
78.
81.

25.
23.
21.
19.

0.
1.
1.
2.

8379.
86.
86-

17.
20.
13.
12.

1.
1.
2.
1.

87.
88.
91.
92.

13.
11.
8.
7.

1.
2.
3.
2.

93.
88.
86.
84.

6.
10.
11.
14.

4.
3.
1.
1.

82.
83.
76.
67.

14.
14.
23.
33.

1.
1.
0.
1.

69.
71.
78.
81.

30.
29.
22.
18.

1.
1.
1.
1.

83.
81.
83.
85.

16.
18.
17.
14.

1.
0.
0.
0.

83.
83.
80.
73.

16.
17.
19.
26.

0.
0.
0.
0.

77.
71.
76.
75.

23.
29.
24.
25.

1.
0.
0.
0.

75.
69.
74.
67.

24.
31.
26.
33.

0.
1.
0.
0.

67.
42.
62.
71.

33.
57.
38.
29.

0.
1.
0.
0.

75.
71.
68.
62.

24.
28.
32.
38.

0.

56.

44.

41
LIND VALUE AND CREDIT CONDITIONS SURVEY, SEVENTH FEDEBAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF CHICAGO
TABLE 341.2Q
FARM NON-REAL-ESTATE LOAN VOLUME EXPECTED DURING THE CURRENT QUARTER, COMPARED N IIH VOLUME OF LOANS MADE A YEAR EARLIER
PERCENTAGE OF BANKS REPORTING
TOTAL

FEEDER CATTLE

DAIRY

CROP STORAGE

OPERATING

LONER SAME HIGHER

LONER SAME HIGHER

LONER SAME HIGHER

LONER SAME HIGHER

LONER SAME HIGHER

DATE OF
SURVEY

FARM MACHINERY
LONER SAME HIGHER

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

8.
13.
10.

60.
59.
61.

32.
29.
29.

19.
19.
27.

56.
58.
51.

25.
23.
23.

23.
** *
** *

69.
***

8.
♦ **
***

**♦
***
15.

***
***
54.

***
***
31.

8.
10.
9.

49.
52.
57.

44.
38.
34.

30.
32.
29.

44.
45.
49.

25.
23.
22.

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

9.
6.
7.
7.

55.
52.
56.
52.

36.
42.
37.
41.

32.
22.
18.
13.

58.
65.
66.
48.

9.
13.
17.
39.

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

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

***
***
♦ **
** *

14.
***
***
6.

57.
***
*♦*
53.

29.
***
***
41.

6.
5.
9.
8.

47.
34.
48.
59.

46.
60.
44.
33.

34.
26.
20.
14.

49.
47.
57.
58.

17.
27.
23.
28.

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

10.
6.
7.
10.

53.
48.
60.
50.

38.
46.
33.
40.

13.
16.
18.
19.

60.
59.
50.
43.

27.
24.
32.
38.

13.
14.
** #
** *

76.
72.
***
***

10.
14.
** *
***

13.
**♦
***
12.

63.
*♦*
*♦*
60.

24.
**♦
***
28.

10.
7.
10.
18.

48.
42.
55.
56.

42.
51.
35.
26.

11.
7.
10.
9.

54.
51.
60.
47.

3542.
30.
44.

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

12.
8.
10.
22.

42.
31.
46.
35.

46.
61.
45.
42.

15.
23.
38.
28.

55.
43.
38.
40.

30.
34.
24.
32.

14.
15.
24.
23.

73.
66.
60.
61.

13.
19.
16.
16.

18.
16.
12.
10.

61.
60.
50.
44.

21.
23.
38.
46.

11.
7.
9.
21.

36.
27.
39.
41.

52.
66.
52.
39.

8.
5.
9.
12.

39.
26.
39.
30.

53.
69.
53.
58.

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

22.
11.
16.
28.

36.
30.
40.
36.

42.
59.
44.
36.

37.
53.
59.
67.

40.
35.
33.
26.

23.
12.
8.
7.

22.
24.
27.
37.

’6 0 .
59.
62.
51.

17.
17.
11.
11.

20.
17.
14.
16.

50.
57.
57.
43.

29.
26.
30.
41.

16.
7.
6.
12.

28.
19.
28.
30.

56.
74.
66.
58.

15.
8.
22.
25.

28.
28.
37.
36.

56.
64.
42.
40.

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

23.
14.
14.
21.

29.
30.
43.
43.

48.
55.
43.
35.

73.
58.
36.
28.

22.
33.
42.
42.

5.
9.
22.
30.

44.
33.
25.
27.

48.
56.
66.
64.

8.
11.
9.
9.

23.
23.
17.
14.

47.
53.
57.
53.

30.
24.
27.
32-

9.
4.
7.
18.

21.
18.
32.
42.

70.
78.
61.
40.

25.
28.
26.
15.

35.
36.
40.
40.

39.
36.
34.
45.

1 9 7 6 -Q 1 . . •
- Q 2 ...
- Q 3 ...
“ Q 4 ...

13.
8.
9.
10.

43.
39.
46.
42.

44.
53.
45.
48.

21.
27.
36.
41.

51.
52.
50.
45.

28.
21.
14.
14.

23.
22.
26.
23.

66.
65.
61.
65.

11.
13.
13.
11.

14.
17.
16.
12.

53.
57.
55.
50.

33.
25.
29.
38.

9.
7.
7.
8.

36.
31.
38.
40.

55.
62.
56.
52.

12.
11.
12.
16.

43.
38.
45.
41.

45.
51.
43.
43.

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

7.
4.
7.
11.

38.
32.
36.
31.

56.
64.
57.
57.

22.
31.
25.
13.

54.
53.
54.
50.

24.
16.
20.
37.

20.
21.
17.
18.

67.
62.
71.
69.

13.
18.
12.
12.

11.
14.
12.
11.

50.
54.
44.
26.

38.
32.
44.
63.

4.
2.
4.
9.

31.
21.
29.
30.

65.
77.
66.
61.

16.
14.
30.
55.

41.
39.
39.
30.

4348.
30.
15.

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

10.
8.
10.
11.

39.
29.
45.
40.

51.
63.
45.
49.

14.
13.
18.
17.

55.
46.
50.
40.

30.
41.
31.
44.

16.
15.
15.
17.

73.
67.
73.
68.

11.
18.
12.
15.

16.
17.
13.
12.

45.
55.
57.
40.

39.
28.
29.
48.

8.
7.
9.
13.

31.
23.
38.
40.

61.
71.
53.
47.

45.
35.
26.
20.

37.
34.
44.
43.

18.
31.
30.
37-

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

19.
10.
16.
22.

39.
32.
39.
38.

42.
58.
45.
40.

26.
26.
31.
29.

40.
40.
48.
40.

34.
34.
21.
30.

21.
17.
18.
21.

68.
65.
70.
67.

12.
18.
12.
11.

20.
20.
25.
23.

55.
55.
57.
52.

25.
25.
18.
26.

107.
8.
15.

35.
25.
36.
34.

54.
68.
57.
50.

25.
17.
22.
28.

41.
35.
42.
37.

35.
48.
36.
35.

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

26.
54.
42.
35.

33.
18.
36.
41.

41.
28.
22.
24.

35.
70.
42.
32.

47.
26.
49.
51.

18.
4.
9.
16.

28.
41.
28.
22.

64.
53.
65.
70.

8.
6.
7.
9.

23.
49.
36.
32.

48.
33.
51.
49.

29.
18.
13.
18-

14.
31.
20.
21.

2620.
33.
45.

60.
49.
47.
34.

41.
66.
73.
45.

35.
9.
21.
33.

23.
4.
7.
22.

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

43.
27.
36.
44.

37.
41.
40.
33.

20.
32.
24.
23.

51.
57.
56.
60.

45.
40.
37.
34.

4.
3.
7.
7.

32.
27.
31.
36.

60.
64.
62.
59.

8.
9.
7.
5.

40.
35.
38.
31.

46.
52.
45.
39.

14.
13.
16.
30.

25.
13.
18.
23.

33.
30.
32.
34.

42.
57.
50.
42.

49.
46.
56.
70.

32.
36.
32.
24.

18.
18.
11.
6.

1 9 8 2 - Q 1 .• .

38.

36.

26.

57.

38.

5.

31.

62.

7.

32.

39.

29.

16.

30.

54.

69.

25.

6-




1

42
LAND VALUE AND CREDIT CONDITIONS SURVEY, SEVENTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF CHICAGO
TABLE 341.3Q
LOAN/DEPOSIT RATIOS
TABLE 3 4 1 . 4Q
(PERCENTAGE OF BANKS REPORTING
AVERAGE
1 THAT LOAN/DEPOSIT RATIO I S —
DATE OF
| LOAN/DEPOSI I I
SURVEY
|
RATIO
|
LONER
HIGHER
(PER CENT) |
THAN
DESIRABLE
THAN
1 DESIRED
DESIRED
1
1 9 7 0 -Q 1 . . . |
55.
1
23.
49.
28.
-Q 2 . . . J
55.
I
25.
47.
28.
- Q 3 ...J
56.
46.
37.
1
17.
** *
***
j
***
***
- Q 4 ...J
1
* **
|
***
***
***
1 9 7 1 - Q 1 .. . |
- Q 2 -----|
54.
|
44.
41.
15.
-Q 3 . . . |
55.
35.
18.
1
47.
“ Q 4 .. . |
55.
|
45.
38.
17.

TYPICAL INTEREST RATES CHARGED ON FARM LOANS
(AVERAGE, PER CENT)
DATE OF
SURVEY

|
|
1
1
1 9 6 7 - Q 1 ...J
-Q 2 ---- l
- Q 3 ...I
-Q 4 -----(

FEEDER CATTLE
LCANS

OPERATING
LOANS

REAL ESTATE
LCANS

6 .4 2
6 .4 1
6 .3 9
6 .4 2

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

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

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

6 .5 2
6 .6 7
6 .8 5
6 .8 6

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

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

1 9 7 2 - Q 1 ...I
- Q 2 ...J
- Q 3 ...|
- Q 4 .-.I

54.
54.
55.
55.

|
1
|
I

46.
52.
49.
55.

36.
34.
32.
31-

17.
14.
19.
14.

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

6 .8 5
7 .0 4
7 .1 9
7 .4 7

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

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

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

54.
54.
55.
56.

1
I
1
1

s i.
51.
45.
41.

32.
32.
34.
37.

17.
17.
20.
22.

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

7 .5 9
7 .7 3
7 .7 8
7 .8 1

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

7 .8 1
*****
8 .0 0
*****

1 9 7 4 -Q 1 . . . J
- Q 2 ...|
~Q 3---- 1
- Q 4 ...|

55.
54.
58.
57.

J
I
|
|

48.
52.
36.
30.

32.
31.
37.
38.

20.
17.
27.
32.

1 9 7 1 -Q 1 . . . |
- Q 2 ...|
- Q 4 ...J

7 .8 1
7 .5 8
7 .5 7
7 .5 7

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

8 .0 3
7 .7 6
7 .7 0
7 .7 4

1 9 7 5 - Q 1 ...J
- Q 2 ...1
- Q 3 ...I
- Q 4 ...|

57.
56.
56.
57.

32.
35.
39.
42.

36.
37.
39.
36.

32.
28.
22.
22.

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

7 .5 4
7 -4 6
7 .4 4
7 .4 7

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

7 .6 9
7 .6 2
7 .6 1
7 .6 4

1 S 7 6 - Q 1 . .. J
- Q 2 ...J
- Q 3 ...1
- Q 4 ...|

57.
56.
57.
59.

I
1
1
I
1
J
|
1
1

42.
44.
43.
41.

34.
36.
33.
34.

23.
20.
24.
25.

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

7 .5 2
7 .5 5
7 .6 9
8 .2 7

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

7 .6 7
7 .7 1
7 .8 1
8 .3 5

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

59.
59.
61 .
64.

39.
35.
32.
22.

35.
37.
30.
32.

26.
28.
38.
46.

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

8 .2 8
8 .3 0
8 .6 0
9 .0 5

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

8 .5 0
8 .3 9
8 .6 0
9 .0 6

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

62.
64.
64.
66.

27.
23.
22.
19.

32.
33.
33.
28.

41.
44.
46.
52.

19 7 5 -Q 1 . . . |
-Q 2 . . . \

8 .9 5
8 .8 4
8 .7 6
8 .8 1

*****
*****
*****
8 .9 0

9 .0 4
8 .9 4
8 .8 9
8 .9 6

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

65.
67.
67.
68.

17.
15.
14.
15.

33.
27.
31.
33.

50.
58.
55.
52.

1 9 7 6 -Q 1 . . . ]
- Q 2 ...I
- Q 3 ...I
- Q 4 ... 1

8 .8 0
8 .7 4
8 .7 9
8 .7 6

8 .8 9
8 .8 5
8 .8 8
8 .8 7

8 .9 7
8 .9 5
8 .9 5
3 .9 6

1 9 8 0 - Q 1 ...J
” Q 2 .. . |
- Q 3 ...J
“ Q4-----|

66.
66.
65.
62.

|
1
I
<
1
1
1
1
1
i
1
1
1
I
i
|
I
I
|

16.
11.
29.
40.

36.
38.
40.
39.

48.
51.
31.
21.

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

8 .7 1
8 .7 1
8 .7 4
8 .7 9

8 .8 3
8 .8 2
8 .8 4
8 .8 9

8 .9 2
8 .9 1
8 .9 3
8 .9 7

1981-Q 1 . . . |
- Q 2 ...J
- Q 3 ...1
- Q 4 ...|

61.
60.
61.
e i-

1
1
]
|

42.
47.
42.
42.

38.
36.
38.
37.

20.
17.
20.
21.

1 9 7 8 -Q 1 . . . |
- 0 2 ...|
- 0 3 .., |
-Q 4 . . . |

8 .8 5
8 .9 0
9 .1 2
9 .4 0

8 .9 1
9 .0 0
9 .2 1
9 .5 0

9 .0 0
9 .0 7
9 .3 0
9 .6 1

1 9 8 2 - Q 1 .. . |

sa.

|
1

56.

28.

17.

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

1 0 .1 4
1 0 .4 6
1 0 .8 2
1 1 .6 7

1 0 .2 5
1 0 .5 4
1 0 -9 1
1 1 .7 3

1 0 . 20
1 0 .4 7
1 0 .8 3
1 1 .4 1

1 9 8 0 - Q 1 .. . |
-Q 2 . . . |
- 0 3 ...1
-Q 4 . - . |

1 3 .5 2
1 7 .1 2
1 3 .9 8
1 4 .2 6

1 3 .5 7
1 7 .1 3
1 4 .0 1
1 4 .3 1

1 3 .0 2
1 6 . 17
1 3 .4 7
1 3 .7 1

19 8 1 -Q 1 . . . |
- Q 2 .. . |
- Q 3 ...I
- Q 4 .. . |

1 7 .3 4
1 6 .5 3
1 7 .7 4
1 8 .5 6

1 7 .3 9
1 6 .5 5
1 7 .7 8
1 8 .5 7

1 5 .7 3
1 5 .3 8
1 6 .3 9
1 7 .4 7

1 9 8 2 - Q 1 .|
1

1 6 .9 4

1 6 .9 8

1 6 .5 5




- Q 4 ...1

LAND VALUE AND CREDIT CONDITIONS SURVEY, SEVENTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF CHICAGO
TABLE 341.5Q
TRENDS IN FARM REAL ESTATE VALUES AND LOAN VOLUME
MARKET VALUE OF GOOD FARMLAND
DATE OF
SURVEY

| PERCENTAGE CHANGE
|
FROM PREVIOUS—

PERCENTAGE OF BANKS EXPECTING
TREND DURING THE CURRENT
QUARTER TO BE—

QUARTER

YEAR
DONN

STABLE

UP

***
1.
***
0.

***
4.
***
1.

***
6.
***
10.

***
75.
***
81.

**♦
19.
***
10.

1 9 6 3 - Q 1 .. . }
- Q 2 .. . i
- Q 3 ...|
“ Q 4 .--1

1.
0.
2.
1.

***
1.
3.
3.

4.
5.
3.
5.

76.
71.
74.
59.

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

1.
1.
1.
2.

3.
4.
3.
4.

2.
1.
2.
1.

1 9 6 5 -Q 1 . . . |
- Q 2 ...|
- Q 3 -----j
- Q 4 ...I

1.
2.
1.
2.

5.
6.
5.
7.

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

2.
4.
1.
3.

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

PERCENTAGE OF BANKS EXPECTING
FARM REAL ESTATE LOAN VOLUME
DURING THE CURRENT QUARTER,
AS COMPARED HITH VOLUME MADE
A YEAR EARLIER, TO BE—
LONER......

SAME__

HIGHER

***
***
* **

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

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

20.
24.
23.
36.

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

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

***
***
*♦*
***

61.
58.
61.
54.

37.
41.
37.
45.

**♦
***
***
***

* ♦*
** *
***
***

***
***
*♦*
***

1.
1.
0.
1.

45.
39.
42.
24.

54.
60.
58.
75.

***
***
2.
***

***
*♦*
73.
* **

**♦
***
25.
***

8.
10.
9.
9.

0.
0.
1.
1.

26.
17.
28.
34.

74.
83.
71.
65.

3.
***
***
4.

67.
♦ **
***
64.

30.
***
***
33.

2.
2.
1.
2.

8.
7.
5.
6.

1.
1.
1.
2.

42.
44.
51.
45.

57.
56.
48.
53.

***
***
6.
13.

***
***
76.
72.

**♦
***
15.
15.

1 9 6 8 - Q 1 ...1
~ Q 2-----j
- Q 3 -----1
- Q 4 ...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.

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

2.
1.
2.
0.

5.
3.
4.
4.

8.
14.
12.
20.

68.
62.
66.
66.

24.
24.
22.
14.

12.
***
* **
44.

81.
***
♦ **
50.

7.
***
* ♦*
5.

1970—Q 1 .. • |
- Q 2 -----|
-Q 3 .. . |
- Q 4 ...J

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.

1 9 7 1 -Q 1 . . . |
- Q 2 ...|

1.
1.
2.
1.

1.
2.
3.
4.

14.
61.
3.

75.
80.
83.
81.

11.
14.
16.
16.

28.
17.
13.
9.

63.
68.
75.
76.

9.
15.
11.
15.

1 9 7 2 - Q 1 ...|
- Q 2 ...I
- Q 3 -----|

1.
1.
2.
3.

4.
4.
3.
6.

3.
1.
0.
1.

75.
65.
66.
47.

22.
34.
34.
52.

11.
8.
10.
8.

72.
70.
72.
67.

17.
23.
18.
25.

1 9 7 3 -Q 1 . . . |
“ Q2— l
- Q 3 ...1
- Q 4 -----|

2.
6.
4.
6.

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.

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

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.

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

3.
2.
4.
9.

23.
14.
15.
17.

9.
8.
6.
1.

77.
79.
81.
56.

14.
13.
13.
43.

34.
26.
23.
20.

56.
62.
68.
68.

9.
12.
9.
12.

1 9 7 6 - Q 1 .. . ]
- Q 2 ...I
- Q 3 ...|
-Q 4 — }

7.
7.
6.
8.

22.
27.
30.
29.

3.
1.
1.
2.

68.
67.
58.
55.

2931.
41.
43.

15.
11.
17.
15.

73.
71.
65.
67.

13.
18.
18.
19.

1 9 7 7 -Q 1 . . . t
- Q 2 ...I
- Q 3 ...I
- Q 4 ...|

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.

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

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.

1 9 7 9 -Q 1 . . . |
- Q 2 ...!
- Q 3 ...1

3.
2.
3.
6.

17.
16.
13.
17.

2.
3.
2.
3.

70.
62.
65.
56.

28.
35.
33.
41.

35.
31.
29.
37.

58.
59.
62.
57.

7.
10.
9.
6.

1 9 8 0 -Q 1 . . . |
- Q 2 ...I
- Q 3 ...|
- Q 4 ..- I

-2 .
-2 .
2.
5.

14.
9.
3.
3.

4.
47.
20.
5.

70.
50.
73.
66.

26.
4.
7.
29.

46.
74.
56.
40.

51.
25.
42.
56.

2.
1.
2.
4.

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

4.
2.
1.
1.

7.
10.
14.
9.

4.
3.
8.
28.

62.
71.
78.
68.

33.
26.
14.
4.

43.
35.
49.
60.

54.
61.
50.
38.

3.
4.
1.
2.

1 9 8 2 - Q 1 .. . |

-3 .

1.

43.

56.

1.

53.

44.

3.

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

—Q 4 .. . |




SURVEY OF CURRENT AGRICULTURAL CREDIT CONDITIONS, NINTH FEDERAL EESEBVE DISTBICT— FEDERAL RESERVE BANK OF MINNEAPOLIS
TABLE 342.IQ
CURRENT FARM LENDING EXPERIENCE
PERCENTAGE OF BANKS REPORTING
CURRENT EXPERIENCE COMPARED WITH USUAL CONDITIONS
DATE OF
SURVEY

DEMAND FOR NON-REAL-ESTATE LOANS
SHORT-TERM

INTERMEDIATE-TERM

-LOWER__SAME__HIGHEE.

_ low er _ _ sam £ _ h tg h e r _

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

9.
7.
15.
16.

66.
76.
68.
71.

25.
17.
17.
13.

1 9 6 5 -Q 1 . • .
- Q 2 ...
- Q 3 ...
” Q4. . .

8.
7.
3.
17.

57.
6C .
69.
78.

35.
33.
28.
5.

1 9 6 6 - Q 1 .. •
-Q 2 . . .
-Q 3 .. .
- Q 4 ...

9.
6.
***
10.

70.
78.
***
77.

21.
16.
***
13.

19 6 7 -Q 1 . . .
-Q 2 .. .
- Q 3 .• .
—Q4 . . .

8.
3.
3.
14.

77.
80.
6577.

*15.
17.
32.
9.

1 9 6 8 -Q 1 . . .
- Q 2 ...
-Q 3 . . .
- Q 4 .. .

2.
3.
2.
4.

76.
76.
72.
87.

22.
21.
26.
9.

1 9 6 9 - Q 1 ...
- Q 2 ...
- Q 3 .. .
- Q 4 ...

8.
10.
5.
10.

82.
72.
81.
76.

10.
18.
14.
14.

19 7 0 -Q 1 . . .
- Q 2 ...
- Q 3 .. .
-Q 4 . . .

6.
2.
3.
7.

76.
78.
66.
81.

18.
20.
31.
12.

1 9 7 1 - Q 1 ...
- Q 2 ...
- Q 3 ...
—Q 4 . . .

8.
4.
4.
6.

74.
62.
74.
84.

18.
33.
22.
11.

1 9 7 2 - Q 1 ...
- Q 2 ...
- Q 3 ...
—Q 4 .. .

6.
2.
2.
11.

79.
85.
84.
91.

15.
13.
13.
7.

1 9 7 3 - Q 1 ...
- Q 2 .. .
- Q 3 ...
-Q 4 . • .

17.
13.
8.
20.

72.
64.
72.
67.

12.
23.
20.
13.

1 9 7 4 - Q 1 ...
—Q 2 . . •
- Q 3 .. .
- Q 4 ...

19.
25.
6.
12.

62.
54.
66.
65.

19.
21.
28.
24.

1 9 7 5 - Q 1 ...
-Q 2 - . .
—Q 3 .• •
- Q 4 .• •

15.
11.
9.
12.

55.
59.
56.
79.

30.
30.
35.
10.

1 9 7 6 -Q 1 . . .
- Q 2 .. .
-Q 3 . . .
- Q 4 .• .

7.
4.
8.
13.

64.
75.
61.
57.

30.
20.
31.
30.

1 9 7 7 -Q 1 . . .
-Q 2 . . •
-Q 3 .• .
—Q 4 .• •

9.
8.
3.
8.

55.
53.
60.
60.

37.
39.
37.
31.

1 9 7 8 - Q 1 .• .
- Q 2 .• .
—Q 3 . . .
—Q 4 . • .

6.
5.
1.
6.

69.
66.
72.
63.

26.
29.
28.
31.

1 9 7 9 - Q 1 . ..
-Q 2 .••
-Q 3 . • .
- Q 4 .• .

3.
1.
4.
6.

70.
69.
54.
43.

28.
30.
42.
51.

1 9 8 0 - Q 1 ...
-Q 2 , • •
-Q 3 .••
- Q 4 ...

15.
26.
38.
36.

55.
50.
49.
60.

31.
24.
14.
4.

1 9 8 1 -Q 1 . • .
- Q 2 ...
- Q 3 ...
- Q 4 ..•

58.
33.
31.
35.

39.
57.
55.
60.

3.
10.
13.
5.

1 9 8 2 -Q 1 . . .

31.

54.

14.

I
I
l
I
1I
)
1
1
1
f

***
***
***
***

***
*♦*
** *
** *

***
***
***
***

*♦*
***
***
***

***
***
***

***
***
***
***

i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
J
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
i
l
1
1
1
1
1
l
1
1
J
l
l
1
1
i
1
1
1
1
1
1
1
1
1
J
1
1
1
1
1
1
1
1
1

***
♦**
***
***

***
**#
***
***

***
♦ **
***

♦♦♦
*♦*
***
7.

* **
***
***
87.

***
***
***
6.

6.
8.
5.
7.

80.
76.
84.
85.

14.
16.
11.
8.

7.
11.
8.
10.

82.
76.
79.
80.

12.
13.
13.
10.

7.
12.
14.
12.

85.
76.
69.
83.

9.
11.
17.
5.

15.
12.
5.
9.

79.
75.
87.
79.

6.
13.
8.
12.

5.
2.
5.
5.

85.
85.
85.
85.

10.
13.
10.
10.

7.
5.
5.
11.

85.
77.
61.
71.

9.
18.
14.
17.

14.
14.
11.
16.

77.
74.
77.
72.

9.
12.
12.
12.

23.
13.
17.
15.

67.
71.
68.
74.

10.
16.
15.
12.

12.
9.
20.
23.

73.
78.
70.
63.

15.
13.
9.
14.

25.
25.
20.
22.

50.
58.
66.
56.

25.
17.
14.
21.

22.
13.
6.
7.

67.
73.
75.
72.

11.
14.
19.
22.

9.
8.
6.
9.

76.
71.
67.
65.

15.
21.
27.
26.

29.
52.
74.
46.

60.
41.
23.
50.

12.
7.
3.
4.

71.
56.
59.
64.

28.
41.
39.
33.

1.
3.
2.
3.

61.

33.

7.

DEMAND FOR DEBT
EXTENSION OR
REFINANCING
-LOWjfi__ SAME . HIGHER..
1
1
1
1
1
1
1
1
1
11
1
I
1
1
i
1
1
1
1
1
1
1
1
1
1
1
1
1
1
J
1
1
1
1
1
1
1
1
1
1
t
t
1
1
I
1
1
1
1
1
1
1
1
1
1
(
1
1
1
1
1
1
1
1
1
1
i
1
1
i
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
t
1

♦ **
***
5.
9.

***
** *
52.
53.

***
***
43.
38.

2.
2.
11.
21.

38.
43.
62.
63.

60.
55.
27.
16.

20.
15.

30.
20.

22.

50.
65.
***
68.

18.
6.
11.
16.

70.
79.
81.
71.

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.

14.
10.
10.
6.

67.
73.
77.
82.

19.
17.
13.
12.

6.
4.
3.
9.

58.
71.
85.
83.

36.
25.
12.
8.

10.
4.
5.
16.

74.
81.
87.
79.

15.
15.
8.
5.

30.
24.
19.
44.

66.
69.
77.
54.

4.
6.
5.
2.

42.
40.
20.
17.

53.
50.
64.
59.

5.
10.
16.
24.

7.
8.
7.
13.

49.
47.
52.
63.

45.
45.
41.
24.

4.
4.
5.
1.

58.
54.
61.
51.

38.
42.
34.
47.

1.
1.
2.
1.

30.
34.
43.
38.

69.
64.
55.
61.

1.
2.
4.
10.

36.
50.
76.
73.

63.
48.
20.
17.

13.
10.
11.
5.

71.
76.
69.
58.

16.
14.
19.
37.

7.
4.
6.
9.

51.
40.
51.
68.

41.
55.
43.
23.

8.
7.
6.
4.

61.
56.
53.
55.

31.
37.
41.
42.

3.

24.

73.

10.

PROPORTION OF FARM
CUSTOMERS LOANED UP
TO THEIR PRACTICAL
DEBT L IM IT , COMPARED
WITH A YEAR EARLIER

DEBT
REPAYMENT
-SLOW____USUAL
I
I
I
I
I
l
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
I
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1f
1
1
1
1
1
1
1
1
1
1
1
J
!
1
I
1
1
1
1
1
1
1
1
1
1
1
1
1
t
1i
1
1
1
1
1
1
1
1
1
11
1

RAPID

28.
23.
34.
27.

62.
76.
66.
71.

10.
1.
0.
2.

53.
46.
26.
11.

46.
52.
70.
75.

1.
2.
4.
14.

23.
10.
6.

67.
84.
**♦
80.

10.
6.
***
14.

11.
16.
10.
6.

74.
83.
89.
87.

15.
1.
1.
7.

26.
26.
0.
6.

73.
74.
83.
80.

1.
0.
17.
14.

12.
19.
11.
6.

84.
79.
87.
89.

4.
2.
25.

11.
14.
16.
16.

82.
85.
82.
82.

7.
2.
1.
2.

38.
25.
19.
9.

59.
75.
81.
87.

4.
0.
1.
3.

18.
12.
7.
2.

77.
86.
92.
86.

6.
2.
1.
12.

0.
2.
1.
3.

74.
76.
80.
56.

26.
23.
18.
40.

4.
6.
23.
35.

61.
66.
71.
57.

36.
28.
6.
8.

52.
50.
34.
21.

40.
45.
65.
74.

8.
5.
1.
4.

31.
42.
35.
60.

68.
58.
63.
38.

1.
0.
2.
2.

75.
75.
62.
74.

25.
25.
38.
26.

0.
1.
0.
0.

61.
55.
28.
28.

39.
45.
67.
67.

1.
0.
5.
4.

21.
18.
20.
46.

71.
72.
77.
52.

8.
10.
3.
2.

46.
64.
62.
32.

50.
36.
36.
59.

4.
0.
3.
9.

30.
44.
43.
49.

58.
53.
55.
49.

11.
4.
2.
3.

77.

22.

1.

.LOW ER, SAME
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
i
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
11
1
1
1
1
11
1
1
1
1
11
1

HIGHRR

12.
15.
15.
6.

58.
45.
43.
54.

29.
40.
42.
40.

4.
7.
8.
25.

53.
53.
60.
63.

43.
40.
32.
12.

20.
16.
«**
16.

64.
70.
***
74.

16.
14.
**♦
10.

18.
9.
6.
10.

76.
83.
81.
80.

6.
8.
13.
10.

7.
10.
2.
14.

68.
61.
66.
72.

25.
29.
32.
14.

15.
6.
2.
7.

73.
75.
82.
82.

12.
19.
16.
11.

10.
8.
3.
5.

75.
75.
71.
75.

16.
18.
26.
20.

3.
3.
3.
6.

69.
69.
75.
81.

29.
28.
22.
13.

12.
9.
9.
17.

76.
79.
83.
79.

12.
12.
7.
4.

30.
36.
28.
43.

68.
61.
71.
56.

1.
3.
2.
1.

44.
41.
19.
16.

55.
56.
57.
57.

1.
3.
23.
27.

10.
10.
6.
12.

51.
45.
56.
63.

38.
45.
37.
25.

9.
6.
3.
2.

61.
62.
61.
56.

31.
32.
36.
42.

2.
1.
1.
2.

44.
49.
45.
47.

55.
51.
55.
52.

6.
7.
16.
23.

45.
61.
62.
62.

50.
31.
22.
15.

30.
28.
18.
8.

61.
60.
56.
63.

8.
13.
26.
28.

6.
3.
1.
5.

62.
40.
46.
69.

32.
57.
53.
26.

11.
4.
5.
6.

62.
63.
62.
60.

27.
32.
33.
34.

3.

42.

55.

AS OF THB 1 9 8 1 -Q 2 (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 QUESTIONAIBE AND SURVEY REPORTS (AGRICULTURAL CREDIT
CONDITIONS SURVEY) FROM THE RESEARCH DEPARTMENT, FEDERAL RESERVE BANK, MINNEAPOLIS, HN 5 5 4 8 0 .




SURVEY OF CURRENT AGRICULTURAL CREDIT CONDITIONS, NINTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF MINNEAPOLIS
TABLE 342.2Q
EXPECTED FARM LOAN DEMAND AND REPAYMENT CONDITIONS
PERCENTAGE OF BANKS REPORTING
j

ixPECTii) DEMAND FOR FARM 'LOANS IN CURRENT
QUARTER, COMPARED HITH UStfAL CONDITIONS

DATE OF
SURVEY

NON-REAL-ESTATE LOANS J
f
-LOWER _ ?AlfE

LOHER

SAME

HIGHER

1 9 6 4 - Q 1 .. .
- Q 2 ...
- Q 3 ...
- Q 4 ...

6.
5.
5.
4.

73.
72.
73.
64.

21.
23.
22.
32.

***
***
4.
1.

***
***
66.
59.

«**
30.
40.

1 9 6 5 -Q 1 . . .
- Q 2 ...
- Q 3 ...
- Q 4 ...

2.
3.
9.
20.

49.
47.
74.
68.

49.
50.
17.
12.

1.
1.
14.
28.

44.
51.
69.
53.

54.
48.
17.
19.

1 9 6 6 - Q 1 ...
- Q 2 ...
- Q 3 .. .
- Q 4 ...

5.
4.
***
14.

72.
78.
** *
72.

23.
18.
***
14.

14.
11.
**♦
26.

66.
76.
* ♦*
64.

20.
13.
♦**
10.

1 9 6 7 -Q 1 . . .
- Q 2 ...
- Q 3 ...
- Q 4 ...

6.
3.
4.
13.

87.
76.
82.
73.

7.
21.
14.
14.

13.
3.
4.
13.

79.
81.
87.
74.

8.
16.
9.
13.

1 9 6 8 - Q 1 .• •
- Q 2 ...
- Q 3 ...
- Q 4 ...

6.
6.
4.
7.

81.
74.
79.
80.

13.
20.
17.
13.

6.
0.
4.
12.

64.
70.
79.
71.

30.
30.
17.
17.

1 9 6 9 -Q 1 . . .
- Q 2 ...
- Q 3 ...
- Q 4 ...

6.
4.
8.
10.

82.
75.
75.
79.

12.
21.
17.
11.

11.
5.
7.
11.

75.
75.
82.
79.

14.
20.
11.
10.

1 9 7 0 - Q 1 . ..
- Q 2 ...
- Q 3 ...
- Q 4 ...

2.
5.
7.
8.

81.
73.
80.
79.

17.
23.
14.
13.

7.
6.
7.
8.

76.
78.
78.
71.

17.
15.
15.
20.

1 9 7 1 -Q 1 . . .
- Q 2 ...
- Q 3 ...
- Q 4 ...

5.
3.
2.
9.

76.
69.
88.
76.

19.
28.
11.
14.

3.
3.
3.
13.

71.
75.
86.
75.

26.
22.
10.
13.

1 9 7 2 - Q 1 . ..
- Q 2 ...
- Q 3 ...
- Q 4 ...

3.
2.
4.
16.

85.
83.
88.
69.

12.
14.
7.
15.

7.
4.
7.
25.

77.
83.
87.
65.

16.
13.
6.
10.

1 9 7 3 - Q 1 ...
- Q 2 ...
- Q 3 ...
- Q 4 ...

22.
5.
5.
33.

70.
76.
81.
51.

8.
19.
14.
15.

27.
16.
15.
48.

69.
77.
80.
44.

4.
8.
5.
8.

1 9 7 4 - Q 1 . ..
- Q 2 ...
“ Q 3 .. •
- Q 4 ...

36.
14.
9.
11.

59.
62.
63.
53.

6.
24.
28.
35.

46.
27.
6.
11.

50.
63.
66.
47.

4.
10.
28.
42.

1 9 7 5 -Q 1 . . .
- Q 2 ...
- Q 3 ...
- Q 4 ...

20.
10.
7.
12.

51.
49.
70.
72.

29.
41.
23.
16.

17.
8.
4.
10.

38.
44.
71.
65.

45.
48.
25.
25.

1 9 7 6 - Q 1 ...
- Q 2 ...
- Q 3 ...
- Q 4 ...

4.
3.
9.
7.

70.
78.
65.
51.

27.
19.
26.
42.

1.
3.
5.
1.

62.
75.
55.
29.

36.
22.
40.
71.

1 9 7 7 —Q1. . .
- Q 2 .• .
-Q 3 .. .
-Q 4 ..•

10.
7.
8.
3.

46.
46.
61.
56.

44.
46.
31.
41.

1.
1.
5.
0.

21.
39.
41.
34.

79.
60.
54.
66.

1 9 7 8 - Q 1 .. .
-Q 2 .••
- Q 3 ...
- Q 4 .••

7.
3.
4.
12.

59.
58.
69.
64.

34.
39.
27.
24.

2.
2.
10.
20.

47.
64.
76.
62.

51.
35.
14.
19.

1 9 7 9 -Q 1 . . .
-Q 2 .. .
- Q 3 ..•
- Q 4 ...

3.
3.
3.
9.

77.
66.
63.
48.

20.
30.
34.
43.

10.
8.
8.
10.

76.
76.
73.
43.

14.
17.
19.
47.

1 9 8 0 - Q 1 . ..
- Q 2 ...
- Q 3 ...
- Q 4 ...

17.
18.
27.
21.

54.
45.
56.
67.

30.
38.
16.
12.

6.
9.
7.
16.

56.
38.
54.
63.

38.
53..
39.
21.

1 9 8 1 -Q 1 . . .
- Q 2 .. .
- Q 3 ...
-Q 4 . . .

45.
11.
22.
27.

46.
73.
63.
57.

9.
16.
16.
17.

14.
7.
8.
4.

51.
60.
62.
43.

35.
33.
30.
53.

1 9 8 2 -Q 1 . . ■

21.

54.

25.

4.

21.

75.

h ig h e r

r

DEBT EXTENSION
OR REFINANCING

j
1 ADVERSE CHANGE
1
EXPECTED IN
1 FARMERS* ABILITY
TO REPAY DEBTS
(
1IN THE NEAR FUTURE
|
1
35.
1
52.
1
48.
1
47.
1
1
48.
1
32.
1
23.
1
22.
1
1
10.
1
7.
1
***
t
5.
1
i
9.
1
21.
1
15.
1
30.
1
i
30.
\
35.
1
27.
1
28.
1
1
14.
r
20.
i
21.
i
15.
i
i
17.
i
15.
i
17.
i
19.
i
i
26.
i
21.
i
17.
i
19.
i
i
14.
i
8.
i
17.
i
5.
i
i
5.
i
3.
i
9.
i
6.
i
i
9.
i
24.
i
59.
i
56.
i
i
62.
i
63.
i
31.
i
20.
i
11
29.
i
34.
i
58.
j
70.
i
i
7
3.
i
66.
i
60.
\
58.
i
i

i
i
i
i
i
i
i
i
i
}
i
i
i
i
11
i
i
i
i
1
1
i

48.
33.
12.
20.
9.
15.
24.
34.
46.
83.
69.
29.
35.
37.
32.
58.
67.

AS OF THE 1 9 8 1 -Q 2 (APRIL 1) SURVEY, THE HORDING OF MANY QUESTIONS HAS ALTERED.
THE SURVEY RESULTS SHOHN ABOVE ARE 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 CO PIES OF THE NEH QUESTIONAIBE AND SURVEY REPORTS (AGRICULTURAL CREDIT
CONDITIONS SURVEY) FROM THE RESEARCH DEPARTMENT, FEDERAL RESERVE BANK, MINNEAPOLIS, MN 5 5 4 8 0 .




46
SURVEY OP CURRENT AGRICULTURAL CREDIT CONDITIONS, NINTH FEDERAL RESERVE DISTFICT— FEDERAL RESERVE BANK OF MINNEAPOLIS
TABLE 342.3Q
AVERAGE LOAN/DEPOSIT RATIO, AND PERCENTAGE OF BANKS REPORTING OTHER CONDITIONS THAT REFLECT RELATIVE CREDIT AVAILABILITY
(EXPECT PROBLEMS!
NUMBER OF FARM LCAN REQUESTS BEFB1RED * 0 —
1 REFUSED OR 1
i
IN MEETING
1 LOAN/DEPOSIT RATIO I S — | REDUCED A |ACTIVELY|
I
NONBANK AGENCIES
NORMAL
FARM
|
CORRESPONDENT
BANKS
(SEEKING
FARM
LOAN
AVERAGE
1
1
NEH
|REQUEST IN |
DATE OF
1LOAN/DEPOSITJ
1 LOAN REQUESTS 1 _
|
FARM 1 IN CURRENT
| LOHER
HIGHER | PREVIOUS
(
1 COMPARED HITH
1 COMPARED HITH
SURVEY
]
RATIO
(NONE!
| (PERCENT)
USUAL NUMBER
USUAL NUMBER
LOAN |QUARTER DUE TO (NONEI
| THAN
DESIRABLE THAN (QUARTER DUE)
DESIRED!TO
SHORTAGEIACCOUNTS!
AVAILABILITY
|DESIRED
1
1
1
1
OF FUNDS
J ______LLQHEB SAME HIGHER! ____ (LONER SAME HIGHER
OF FUNDS
|
1
]
1
1
j ***
* ♦*
***
♦ ** *♦*
***
***
**♦
j
|
***
***
♦**
81.
5.
5.
1 9 6 4 - Q 1 ...j
( ***
***
***
|
***
j
* ♦*
***
14.
71.
15.
12.
75.
13.
6.
76.
6.
- Q 2 ...J
*
♦
*
**♦
|
|
***
***
10.
*♦*
23.
68.
8.
9.
68.
8.
82.
8.
-Q 3 .. . |
1 ***
***
***
14.
81.
5.
20.
73.
7.
70.
3.
4.
56.
21.
1
- Q 4 ...J
i
23.
1 ***
1
1
| **♦
***
7.
20.
5.
16.
83.
72.
22,
l
6.
72.
1.
|
18.
59.
1 9 6 5 - Q 1 ...I
♦**
7.
***
10.
28.
4.
6.
66.
83.
4.
67.
15 .
j
I
20.
65.
- Q 2 ...I
1 ***
***
| ***
***
3.
7.
7.
71.
85.
8.
81.
12.
7.
|
18.
60.
22.
J
- Q 3 ..- 1
***
*
*
*
15.
80.
3.
76.
2.
5.
7.
85.
8.
62.
22.
|
|
16.
- Q 4 ...I
1 ***
I
***
| **♦
***
10.
10.
83.
7.
11.
79.
70.
13.
|
3.
72.
3.
1966—Q1. . . 1
I
17| ***
5.
90.
5.
6.
84.
10.
-Q 2 .-.J
|
20.
61.
10.
73.
6.
19.
(
***
♦**
*** ♦**
***
j
i
♦♦♦
***
***
I
♦♦♦
***
- Q 3 ...I
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1

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2.
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75.
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35.
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61.
63.
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|
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45.
39.
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32.

3.
4.
3.
1.

49.
56.
64.
48.

3.
2.
6.
19.

1 9 7 5 -Q 1 . . . |
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64.
63.
63.
63.

10.
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56.
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1
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27.
13.
11.
8.

30.
43.
51.
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14.
14.
4.
4.

6.
6.
3.
6.

46.
40.
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49.

8.
6.
6.
2.

24.
31.
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1.
2.
2.
2.

51.
40.
54.
54.

24.
27.
11.
9.

63.
63.
65.
66.

17.
17.
12.
19.

67.
67.
62.
55.

16.
16.
26.
26.

|
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5.
7.
9.
10.

62.
63.
54.
55.

4.
3.
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40.
47.
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42.
38.
42.
38.

4.
3.
1.
4.

49.
54.
46.
49.

6.
5.
10.
8.

28.
26.
30.
27.

3.
1.
0.
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53.
60.
58.
57.

16.
13.
12.
14.

1 9 7 7 - Q 1 ...|
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64.
63.
66.
68.

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17.
20.
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12.

64.
61.
55.
53.

18.
20.
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35.

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10.
7.
12.
11.

54.
56.
58.
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6.
7.
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8.

40.
45.
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37.

3.
2.
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44.
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6.
9.
13.
8.

22.
23.
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7.
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73.
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24.
26.
27.

9.
9.
15.
9.

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65.
55.
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1 37|
40.
1 35.
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26.

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1 9 7 0 -Q 1 . . . |
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56.
58.
59.

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58.
59.
61.
60.

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58.
58.
60.
59.

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58.
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59.

1
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_l

AS OF THE 1 9 8 1 -Q 2 (A PR IL 1) SURVEY, THE HORDING OF HANY QUESTIONS HAS ALTERED.
THE SURVEY RESULTS SHORN ABOVE ARE HIGRLY 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 NEH QUESTIONAIBE AND SURVEY REPORTS (AGRICULTURAL CREDIT
CONDITIONS SURVEY) FROM THE RESEARCH DEPARTMENT, FEDERAL RESERVE BANK, MINNEAPOLIS, HN 5 5 4 8 0 .




47
SURVEY OP CORREHT AGRICULTURAL CREDIT CONDITIONS, NINTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF MINNEAPOLIS
TABLE 342.4Q
INTEREST RATES ON FARM LOANS
|MOST
|
DATE OF
1
SURVEY
|
|
J
I
i
1 9 6 4 -Q 1 . . . |
~Q 2-----1
- Q 3 ...J
- Q 4 ...J
1 9 6 5 - Q 1 .• • |
- Q 2 ...J
- Q 3 ...|
- Q 4 ...I
1 9 6 6 -Q 1 . . . |
- Q 2 ...I
- Q 3 .. . I
- Q 4 ...|
1 9 6 7 - Q 1 ...J
- Q 2 ...J
- Q 3 ...I
- Q 4 ...J
1 9 6 8 -Q 1 . . . |
-Q 2 -----|
- Q 3 ...|
- Q 4 ...|
1 9 6 9 - Q 1 .. . |
- Q 2 ...|
- Q 3 ...J
- Q 4 ...1
1 9 7 0 - Q 1 ...J
- Q 2 .. . j
- Q 3 .. • |
- Q 4 ..- I

TREND IN INTEREST RATES (PERCENTAGE OF BANKS REPORTING)
COMMON INTEREST RATES CHARGED ON FARM LOAN S |
(AVERAGE, PERCENT)
1
|
SHORT-TERM
INTERMEDIATE-TERM
REAL ESTATE
NON-REAL-ESTATE LOANS
LONG-TERM
| NON-REAL-ESTATE LOANS
LOANS
LOANS
REAL ESTATE
1
| DOWN- LITTLE
o pUP­
DOWN­
UP­
DOWN­
LITTLE
LITTLE
SHORTINTERMEDIATELOANS
ward
WARD
TERM
TERM
CHANGE _ WARD.
CHANGE
. L WARD _ CHANGE
WARD
WARD
1
***
* **
*****
*****
*****
****
84.
10.
6.
81.
13.
1
6.
***
* *♦
*****
*****
*****
****
84.
15.
3.
87.
10.
1
1*****
***
***
*****
*****
****
1.
86.
89.
10.
12.
I
2.
***
***
*****
****
*****
*****
2.
89.
9.
92.
5.
1
3.
1
*
*
*
*
*
*
*
*****
*****
*
*
*
*****
8
7
.
0
.
8
8
.
1
2
.
1
2
.
1
1*****
** *
***
*****
****
*****
91.
9.
3.
86.
11.
I
o.
***
*****
*****
****
*****
** *
87.
12.
3.
85.
12.
I
1•
*****
***
***
*****
*****
****
84.
15.
1.
94.
5.
1
1I
*****
***
*****
*****
***
****
0.
68.
32.
66.
34.
1
o.
***
***
*****
*****
*****
****
22.
78.
0.
74.
26.
1
o.
*****
*****
*****
1 ***
***
****
***
***
***
****
***
* **
*****
*****
***
*****
***
****
17.
1.
83.
9.
90.
1
o.
i
*****
*****
** *
***
*****
****
26.
74.
2.
18.
80.
1
o.
*****
*****
**♦*•*
***
***
****
58.
40.
6.
51.
43.
1
2.
*****
*****
*****
***
***
****
77.
18.
5.
76.
19.
1
5.
*****
*****
*****
***
***
****
75.
24.
1.
66.
33.
1
1I
*****
*****
*****
***
***
****
39.
61.
1.
19.
80.
1
o.
*****
*****
*****
***
***
****
43.
57.
0.
24.
1
o.
76.
*****
*****
*****
*♦*
♦**
****
16.
84.
0.
13.
87.
1
o.
*****
*****
*****
*
*
*
*
*
*
*
*
*
*
5
4
.
4
5
.
0
.
4
7
.
53.
1
1.
I
***
***
****
7 .3 6
7 .4 0
7 .1 5
55.
44.
0.
47.
53.
I
1.
***
***
****
7 .4 4
7 .6 6
7 .6 2
12.
88.
0.
8.
I
0.
92.
***
***
****
7 .9 0
8 .0 0
7 .8 3
|
0.
8.
0.
92.
9.
91.
***
***
****
8 .0 0
8 .0 7
8 .0 2
0.
26.
74.
74.
1
0.
26.
1
***
***
****
8 .1 5
8 .0 9
8 .1 9
39.
1.
34.
65.
61.
1
o.
***
** *
****
8 .3 8
8 .5 0
3 .4 2
32.
68.
2.
39.
59.
1
o.
***
** *
****
8 .4 6
8 .3 8
8 .4 9
61.
1.
56.
43.
39.
1
1.
***
*♦*
****
8 .5 6
8 .4 5
81.
18.
2.
75.
23.
8 .4 2
I
1.

1 9 7 1 - Q 1 ...|
- Q 2 ...I
- Q 3 ...|
- Q 4 ...|

8 .3 7
8 .1 9
8 .1 6
8 .1 6

8 .4 5
8 .2 8
8 .2 7
8 .2 3

8 .3 5
8 .0 6
8 .0 0
8 .0 6

1
|
1
1

14*
46.
17.
8.

82.
53.
79.
92.

4.
1.
4.
0.

***
***
***
***

***
***
***
***

****
****
****
****

10.
44.
21.
7.

82.
53.
74.
89.

8.
3.
5.
4.

1 9 7 2 -Q 1 . • • |
- Q 2 ...I
- Q 3 ...I
- Q 4 ...I

8 .0 9
8 .0 2
8 .0 3
8 .0 2

8 .2 3
8 .1 3
8 .1 3
8 .1 5

7 .9 6
7 .8 7
7 .9 0
7 .9 1

30.
26.
15.
4.

70.
74.
83.
89.

0.
0.
2.
8.

***
***
***
***

***
***
***
***

****
****
****
*♦**

17.
29.
18.
4.

81.
70.
79.
92.

1.
1.
3.
4.

1 9 7 3 -Q 1 . . . |
- Q 2 ...I
“ Q 3. • • 1
- Q 4 ...I

8 .0 6
8 .0 8
8 .1 8
8 .5 5

8 .2 0
8 .2 0
8 .2 6
8 .6 7

7 .9 2
7 .9 5
8 .0 5
3 .4 3

o.
1*
o.

87.
76.
60.
28.

9.
24.
39.
72.

***
***
***
***

***
***
***
***

****
****
****
****

4.
0.
1.
0.

91.
83.
70.
28.

5.
18.
30.
72.

1 9 7 4 -Q 1 . . . |
- Q 2 ...I
- Q 3 ...I
- Q 4 ...I

8 .5 6
8 .5 3
8 .8 2
9 .0 4

8 .7 4
8 .6 5
9 .0 5
9 .3 3

8 .4 5
8 .4 3
8 .7 0
8 .9 1

o.
1.
0.
o.

58.
81.
41.
37.

42.
18.
59.
63.

***
***
***
***

** *
** *
***
***

****
****
****
****

1.
1.
0.
0.

60.
85.
53.
41.

39.
14.
47.
59.

1 9 7 5 -Q 1 • . • ]
-Q 2 . . . |
- Q 3 ...|
- Q 4 ...I

9 .1 1
9 .0 3
9 .0 0
8 .9 9

9 .3 5
9 .2 5
9 .2 3
9 .2 7

9 .0 0
8 .8 6
8 .8 8
8 .9 8

2.
15.
17.
2.

64.
71.
71.
82.

34.
15.
11.
16.

***
***
***
***

** *
* **
***
***

****
****
****
****

1.
11.
8.
1.

74.
81.
85.
82.

25.
8.
7.
16.

1 9 7 6 -Q 1 . . . |
- Q 2 ...J
- Q 3 ...I
“ Q 4 ...I

9 .0 5
9 .0 9
9 .1 5
9 .1 8

9 .2 7
9 .3 0
9 .4 5
9 .4 3

9 .0 7
9 .0 8
9 .1 7
9 .1 7

|
|
1
I
I
I
I
I
1
1■
1
1
i
I
I
I
|
I
I
I
I
I
I
1

4.
11.
4.
3.

86.
78.
69.
88.

10.
11.
28.
10.

***
***
***
***

***
***
***
***

****
****
****
****

2.
4.
3.
3.

90.
85.
77.
89.

8.
10.
20.
8.

1 9 7 7 - Q 1 ...I
- Q 2 -----l
- Q 3 ...I
- Q 4 ...|

9 .1 5
9 .2 1
9 .1 7
9 .1 8

9 .4 3
9 .4 5
9 .5 3
9 .5 2

9 .1 5
9 .1 7
9 .2 1
9 .2 2

14.
12.
5.
1.

80.
82.
88.
87.

6.
6.
7.
12.

***
***
***
***

***
***
***
** *

****
****
****
****

13.
11.
4.
1.

84.
85.
90.
94.

2.
4.
6.
5.

1 9 7 8 - Q 1 .• . i
- Q 2 ...I
- Q 3 ...J
- Q 4 .• . |

9 .2 2
9 .2 0
9 .3 8
9 .5 1

9 .4 7
9 .5 0
9 .7 1
9 .8 1

9 .2 1
9 .2 3
9 .4 7
9 .6 2

2.
o.
o.
o.

76.
55.
32.
20.

22.
45.
68.
80.

***
***
***
***

***
***
***
***

****
****
****
♦**♦

5.
0.
0.
0.

83.
72.
45.
35.

12.
28.
55.
65.

1 9 7 9 -Q 1 . . . |
- Q 2 ...I
- Q 3 ...|
- Q 4 ...|

1 0 .2 4
1 0 .3 9
1 0 .7 8
1 1 .8 0

1 0 .6 7
1 0 .8 2
1 1 .2 1
1 2 .1 4

1 0 .0 6
1 0 .2 4
1 0 .5 5
1 2 .2 7

o.
o.
o.
o.

3.
16.
12.
2.

97.
84.
88.
98.

***
***
***
***

***
***
***
***

****
****
****
****

0.
1.
0.
1.

18.
31.
30.
23.

82.
68.
70.
75.

1 9 8 0 - Q 1 .. • |
- Q 2 ...|
- Q 3 ...J
—Q 4 .• . |

1 3 .6 3
1 6 .3 9
1 5 .2 9
1 3 .9 6

1 3 .9 9
1 6 .6 8
1 5 .4 8
1 4 .2 6

1 2 .4 3
1 4 .0 3
1 3 .9 4
1 3 .1 6

o.
0.
89.
29.

22.
0.
7.
42.

78.
100.
4.
30.

0.
1.
73.
22.

23.
4.
21.
52.

72.
95.
6.
26.

0.
0.
43.
17.

39.
16.
46.
64.

61.
84.
11.
19.

1 9 8 1 - Q 1 . .. 1
-Q 2 . . . |
- Q 3 ...1
- Q 4 ...I

1 7 .5 8
1 7 .0 2
1 8 .0 4
1 8 .8 5

1 7 .7 1
1 7 .0 5
1 8 .0 7
1 9 .0 7

1 5 .0 4
1 5 .3 1
1 7 .0 6
1 7 .5 5

1.
77.
44.
23.

2.
18.
48.
68.

97.
4.
8.
8.

1.
62.
38.
20.

6.
33.
54.
72.

93.
5.
8.
8.

0.
41.
31.
12.

25.
56.
58.
78.

75.
3.
12.
10.

1 9 8 2 -Q l. . . 1

1 7 .2 1

1 7 .4 9

1 6 .6 5

1
|
I
I
I
I
I
I
I
I
I
I
I
I
I
i
I
|
I
1
1
I
|
|
1
|
1

39.

54.

7,

37.

57.

7.

20.

69.

12.

—

________ L

AS OF THE 19 8 1 -Q 2 (APRIL 1) SURVEY, THE HORDING OF HANY QUESTIONS HAS ALTERED.
THE SURVEY RESULTS SHORN ABOVE ARE 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 NEW WORDING BY REQUESTING CO PIES OF THE NEW QUESTIONAIRE AND SURVEY REPORTS (AGRICULTURAL CREDIT
CONDITIONS SURVEY) FROM THE RESEARCH DEPARTMENT, FEDERAL RESERVE BANK, MINNEAPOLIS, HN 5 5 4 8 0 .




48
SURVEY OF CURRENT AGRICULTURAL CREDIT CONDITIONS, NINTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF MINNEAPOLIS
TABLE 342.5Q
FARM REAL ESTATE LENDING EXPERIENCE
PERCENTAGE OF BANKS REPORTING
DEMAND FOR FARM REAL ESTATE LOANS,
AS COMPARED WITH USUAL CONDITIONS
DATE OF
SURVEY

CURRENT
(DATE OF SURVEY)

EXPECTED DURING THE
CURRENT QUARTER
ONER

1
1 9 6 4 -Q 1 . . . |
- Q 2 ...J
- Q 3 ...I
- Q 4 ...I

***
12.
15.
27.

***
50.
55.
47.

* ♦*
38.
30.
26.

1 9 6 5 - Q 1 ...I
- Q 2 ...|
- Q 3 .-.i
- Q 4 ...)

8.
5.
9.
11.

54.
50.
70.
65.

38.
45.
21.
24.

1 9 6 6 -Q 1 . . . |
- Q 2 ...J
- Q 3 ...|
- Q 4 ...I

8.
5.
***
17.

66.
64.
**♦
62.

26.
31.
***
21.

1 9 6 7 - Q 1 ...J
- Q 2 .. . |
- Q 3 ...1
- Q 4 ...I

38.
24.
23.
24.

53.
62.
69.
64.

9.
14.
8.
12.

1 9 6 8 - Q 1 ...I
- Q 2 - ..J
- Q 3 ...I
- Q 4 ...I

18.
10.
23.
27.

68.
65.
65.
63.

14.
25.
12.
10.

1 9 6 9 - Q 1 .. . |
-Q 2 . . . |
- Q 3 ..- I
- Q 4 ...I

24.
32.
38.
10.

71.
58.
56.
80.

5.
10.
6.
10.

1 9 7 0 - Q 1 ...J
- Q 2 ...j
- Q 3 ...f
- Q 4 ...I

47.
49.
40.
46.

47.
39.
49.
48.

6.
12.
11.
6.

1 9 7 1 - Q 1 ..- I
- Q 2 ...I
-Q 3 . . . |
- Q 4 .-.J

35.
30.
14.
18.

59.
60.
77.
73.

6.
9.
10.
8.

1 9 7 2 - Q 1 .- • |
- Q 2 ...J
-Q 3 - . . |
- Q 4 ...I

12.
8.
12.
10.

81.
78.
76.
80.

6.
14.
12.
10.

1 9 7 3 - Q 1 ...|
- Q 2 ...I
- Q 3 ...J
- Q 4 ...I

10.
4.
7.
13.

80.
77.
80.
74.

10.
19.
14.
13.

1 9 7 4 -Q 1 . . . |
- Q 2 ...I
- Q 3 ...I
- Q 4 ...I

20.
13.
24.
25.

74.
69.
66.
65.

7.
18.
10.
10.

1 9 7 5 - Q 1 .• . |
- Q 2 ...I
- Q 3 ...J
- Q 4 ...J

26.
27.
23.
17.

58.
55.
64.
73.

16.
18.
14.
10.

1 9 7 6 - Q 1 . .. 1
- Q 2 ...I
- Q 3 ...I
- Q 4 ...J

22.
10.
18.
15.

67.
71.
66.
70.

11.
19.
15.
15.

1 9 7 7 - Q 1 .. . 1
- Q 2 ...I
- Q 3 ...|
- Q 4 ...1

16.
14.
19.
15.

65.
55.
56.
62.

19.
31.
25.
23.

1 9 7 8 - Q 1 ...I
- Q 2 ...J
- Q 3 ...I
- Q 4 ...J

20.
19.
10.
13.

56.
63.
71.
73.

24.
18.
19.
14.

1 9 7 9 - Q 1 ...J
- Q 2 ...1
- Q 3 ...I
- Q 4 ...I
)
1 9 8 0 - Q 1 .. • |
- Q 2 ...I
- Q 3 ..- I
- Q 4 ...I

19.
15.
15.
20.

69.
82.
76.
72.

12.
3.
9.
7.

41.
50.
66.
55.

55.
36.
29.
39.

3.
14.
5.
6.

1 9 8 1 - Q 1 ...I
- Q 2 ...I
- Q 3 ...I
- Q 4 ...|

63.
56.
69.
57.

34.
33.
29.
41.

3.
11.
2.
2.

1 9 8 2 -Q 1 . . . 1
_____________ 1__

61.

29.

10.

I
1
)
1
1
1
J
1
1
1
i
1
1
1
1
1
1
1
1
I
1
1
1
1
1
1
1
1
4
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
i
1
1
1
1
1
1
1
1
1
1
1
J

SAME

HIGHER

11.
7.
7.
12.

68.
74.
69.
64.

21.
19.
24.
24.

6.
3.
9.
6.

65.
60.
77.
77.

29.
37.
14.
17.

5.
3.
♦♦♦
12.

71.
81.
***
73.

24.
16.
***
15.

27.
15.
16.
15.

68.
77.
79.
82.

5.
8.
5.
3.

17.
10.
23.
21.

71.
75.
72.
71.

12.
15.
5.
8.

22.
28.
38.
41.

74.
67.
58.
53.

4.
5.
4.
6.

38.
41.
35.
33.

56.
53.
61.
63.

7.
5.
4.
4.

25.
17.
13.
15.

69.
75.
80.
77.

6.
8.
7.
8.

11.
4.
9.
10.

85.
88.
86.
84.

4.
8.
5.
6.

8.
6.
7.
15.

86.
83.
87.
74.

6.
11.
7.
11.

21.
14.
18.
24.

76.
76.
77.
67.

3.
10.
5.
10.

25.
20.
17.
15.

59.
63.
74.
74.

16.
18.
9.
11.

13.
7.
14.
14.

75.
81.
72.
68.

12.
12.
14.
18.

13.
14.
17.
13.

60.
56.
60.
66.

26.
30.
2321.

16.
17.
11.
10.

58.
72.
77.
78.

26.
12.
12.
12.

18.
13.
11.
19.

74.
78.
83.
72.

8.
8.
6.
9.

32.
39.
53.
34.

58.
41.
35.
58.

10.
19.
12.
8.

56.
53.
58.
53.

37.
42.
40.
45.

8.
5.
2.
2.

48.

40.

12.

1

1
1
1
1
1
1
1
1
1
!
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
- 1-

AS OF THE 1 9 8 1 -Q 2 (APRIL 1) SURVEY, THE WORDING OF MANY QUESTIONS NAS ALTERED.
THE SURVEY RESULTS SHORN ABOVE ARE HIGHLY COMPARABLE
TO EARLIER DATA.
HONEVBR, BECAUSE THE COLUMN HEADINGS REFLECT THE OLD FORM OF THE QUESTIONS, PBRSONS USING OR QUOTING THE LATEST
RESULTS SHOULD OBTAIN THE HEN HORDING BY REQUESTING CO PIES OF THE NEN QUESTIONAIRE AND SURVEY REPORTS (AGRICULTURAL CREDIT
CONDITIONS SURVEY) FROM THE RESEARCH DEPARTHENT, FEDERAL RESERVE BANK, MINNEAPOLIS, HR 5 5 4 8 0 .




SURVEY OF CURRENT AGRICULTURAL CREDIT CONDITIONS, NINTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF MINNEAPOLIS
TABLE 342.6Q
FARMERS* EARNINGS AND SPENDING, COMPARED WITH PREVIOUS YEAR
PERCENTAGE OF BANKS REPORTING
1
|
)
1
— __
1
1
1 9 6 4 —Q1. . . 1
- Q 2 ..- I
- Q 3 ...J
- Q 4 ...I

DATE OF
SURVEY

EARNINGS OF BANKS* FARM CUSTOMERS
CURRENT (DATE OF SURVEY)
LOWER

.SAME

SPENDING bY FARMERS FOR ALL ITEMS

EXPECTED IN CURRENT QUARTER
..LOWER __S M I _

HIGHER

CURRENT (DATE OF SURVEY)
SAfiE_

HIGHER

EXPECTED IN CURRENT QUARTER
LOWER

SAME

HIGHER

54.
66.
76.
66.

16.
16.
23.
21.

30.
18.
1.
13.

45.
58.
63.
65.

42.
38.
33.
25.

13.
4.
4.
10.

***
27.
42.
37.

***
59.
49.
50.

***
14.
8.
13.

***
32.
44.
50.

♦♦*
56.
43.
37.

***
12.
13.
13.

1 9 6 5 - Q 1 ...J
- 0 2 ... |
- Q 3 ...I
- Q 4 ...|

74.
59.
18.
15.

21.
29.
27.
14.

5.
12.
55.
71.

52.
35.
7.
13.

40.
48.
33.
16.

8.
17.
60.
71.

44.
50.
24.
11.

46.
40.
52.
50.

10.
10.
24.
39.

47.
44.
13.
13.

43.
46.
56.
40.

10.
10.
31.
47.

1 9 6 6 - Q 1 ...J
- Q 2 ...I
- Q 3 ...J
- Q 4 ...1

17.
7.
**♦
7.

16.
16.
***
18.

67.
77.
***
75.

10.
2.
***
1.

26.
26.
* ♦*
23.

64.
72.
***
76.

13.
7.
***
3.

47.
59.
***
60.

40.
34.
** *
37.

13.
2.
**♦
10.

48.
57.
***
42.

39.
41.
***
48.

1 9 6 7 -Q 1 . • . t
- Q 2 ...|
- Q 3 ...1
- Q 4 ...I

14.
41.
32.
29.

17.
36.
53.
34.

69.
23.
14.
37.

12.
39.
16.
43.

51.
49.
54.
43.

37.
12.
30.
14.

8.
22.
14.
17.

56.
56.
62.
59.

36.
22.
24.
24.

8.
19.
12.
15.

64.
58.
61.
65.

28.
23.
27.
20.

1 9 6 8 -Q 1 .. . 1
- Q 2 ...I
- Q 3 ...J
- Q 4 ...I

55.
46.
28.
29.

29.
41.
53.
39.

16.
13.
19.
32.

41.
26.
26.
26.

54.
64.
55.
46.

5.
10.
19.
28.

22.
30.
12.
16.

59.
55.
68.
65.

19.
15.
20.
19.

26.
27.
13.
18.

63.
56.
71.
62.

11.
17.
16.
20.

1 9 6 9 - Q 1 ...J
- Q 2 ...I
- 0 3 ...|
- Q 4 ...|

16.
17.
12.
13.

45.
44.
30.
34.

39.
39.
58.
53.

12.
11.
14.
11.

69.
60.
39.
45.

19.
29.
47.
44.

12.
16.
14.
18.

67.
63.
€6.
64.

21.
21.
20.
18.

6.
11.
18.
17.

76.
65.
58.
62.

18.
24.
24.
21.

1 9 7 0 -Q 1 .. . J
- Q 2 ...|
- 0 3 ...|
- Q 4 ...I

8.
5.
15.
35.

32.
34.
64.
48.

60.
60.
21.
18.

7.
9.
15.
27.

59.
56.
60.
56.

35.
35.
25.
16.

13.
23.
19.
27.

67.
63.
58.
64.

20.
15.
23.
9.

16.
18.
17.
28.

64.
66.
66.
61.

19.
15.
18.
11.

19 7 1 -Q 1 • . . |
- Q 2 ...J
- Q 3 ...J
- Q 4 ...1

52.
33.
15.
13.

33.
55.
70.
50.

15.
13.
15.
38.

51.
24.
4.
16.

42.
66.
62.
45.

8.
10.
33.
39.

36,
28.
11.
10.

54.
58.
65.
70.

10.
14.
24.
19.

42.
23.
7.
9.

51.
58.
70.
67.

8.
19.
23.
23.

1 9 7 2 - Q 1 .. . J
- 0 2 ... |
- Q 3 ...I
- Q 4 ...I

17.
9.
4.
1.

39.
42.
41.
21.

45.
50.
54.
79.

9.
5.
4.
1.

61.
63.
49.
24.

30.
32.
47.
75.

10.
6.
8.
4.

69.
75.
74.
69.

22.
19.
18.
27.

12.
8.
6.
1.

72.
74.
75.
60.

16.
18.
19.
38.

1 9 7 3 -Q 1 . . . I
- 0 2 ... 1
- 0 3 ...|
- Q 4 ...|

2.
1.
1.
0.

12.
6.
20.
3.

86.
94.
79.
97.

0.
1.
2.
2.

21.
16.
26.
5.

79.
83.
72.
93.

1.
0.
1.
0.

52.
39.
46.
31.

47.
61.
53.
69.

2.
0.
1.
1.

53.
43.
48.
23.

45.
58.
51.
76.

1 9 7 4 - Q 1 ...I
- Q 2 ...1
- Q 3 ...I
- 0 4 ...J

1.
11.
59.
62.

7.
19.
21.
20.

93.
70.
20.
17.

3.
25.
66.
68.

18.
36.
24.
19.

78.
39.
10.
13.

2.
2.
11.
27.

24.
31.
38.
42.

74.
66.
51.
31.

3.
4.
19.
38.

33.
26.
36.
31.

64.
69.
45.
31.

1 9 7 5 -Q 1 . . . |
- Q 2 -----|
- Q 3 ...I
- Q 4 ...I

67.
81.
56.
19.

24.
16.
34.
52.

9.
3.
10.
29.

70.
78.
52.
20.

21.
19.
33.
50.

10.
3.
15.
30.

42.
55.
31.
20.

35.
28.
37.
57.

23.
17.
31.
23.

50.
52.
29.
18.

28.
26.
40.
56.

22.
22.
31.
26.

1 9 7 6 -Q 1 . . . |
- Q 2 ...1
- 0 3 ...|
- Q 4 .. . |

47.
41.
51.
80.

34.
48.
37.
13.

19.
11.
12.
7.

43.
31.
55.
79.

38.
60.
31.
15.

19.
10.
14.
7.

25.
25.
41.
51.

60.
59.
43.
37.

15.
16.
15.
12.

29.
24.
48.
63.

58.
59.
39.
29.

13.
17.
12.
8.

1977—Q 1 .. . |
- Q 2 ...1
- Q 3 ...(
- Q 4 ...I

86.
78.
67.
56.

11.
20.
27.
26.

3.
1.
5.
18.

78.
61.
54.
48.

17.
35.
24.
28.

6.
4.
22.
24.

73.
68.
45.
46.

20.
27.
41.
40.

7.
5.
14.
15.

75.
63.
44.
50.

16.
31.
44.
35.

10.
7.
13.
15.

1 9 7 8 -Q 1 . . . |
- Q 2 ...J
- Q 3 ...1
-Q 4 .. . J
1
1 9 7 9 - Q 1 .. • |
- C 2 ...I
- Q 3 ...I
- 0 4 ...|
)
1 9 8 0 - Q 1 ...I
- Q 2 ...J
- Q 3 ...J
- 0 4 ... J

46.
36.
5.
6.

28.
26.
25.
26.

26.
36.
70.
68.

41.
21.
4.
8.

36.
38.
22.
25.

23.
40.
75.
67.

51.
36.
2.
7.

39.
48.
56.
55.

10.
16.
42.
38.

55.
31.
2.
7.

32.
48.
53.
50.

13.
21.
45.
42.

3.
3.
6.
17.

14.
19.
26.
40.

83.
78.
69.
43.

1.
3.
6.
19.

29.
31.
34.
40.

71.
66.
60.
42.

6.
9.
5.
12.

50.
46.
43.
47.

45.
45.
52.
41.

5.
5.
5.
15.

52.
47.
41.
40.

43.
48.
54.
45.

31.
56.
85.
42.

36.
34.
13.
34.

33.
9.
2.
24.

31.
66.
84.
39.

42.
30.
13.
28.

27.
4.
3.
33.

26.
57.
68.
54.

45.
20.
22.
30.

29.
23.
9.
16.

30.
51.
69.
46.

40.
18.
22.
34.

31.
30.
9.
21.

1 9 8 1 - Q 1 .• • |
- 0 2 ...I
- Q 3 ...I
- Q 4 ...I
I
1 9 8 2 - Q 1 .. • |
_____________ 1----

47.
63.
54.
59.

21.
30.
36.
25.

32.
7.
9.
16.

40.
57.
34.
62.

24.
37.
42.
25.

36.
6.
24.
13.

60.
57.
50.
45.

29.
32.
31.
27.

11.
11.
19.
29.

64.
44.
33.
41.

26.
41.
44.
37.

10.
15.
23.
22.

88.

12.

0.

80.

19-

1.

75.

14.

11.

67.

24.

9.

h ig h e r

LOWER _

AS OF THE 1 9 8 1 -Q 2 (APRIL 1) SURVEY, THE HORDING OF MANY QUESTIONS HAS ALTERED.
THE SURVEY RESULTS SHOHN 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 SHOOLD OBTAIN THE NSH HORDING BY REQUESTING CO PIES OF THE NEH QUESTIONAIRE AND SURVEY REPORTS (AGRICULTURAL CREDIT
CONDITIONS SURVEY) FROM THE RESEARCH DEPARTMENT, FEDERAL RESERVE BANK, MINNEAPOLIS, HN 5 5 4 8 0 .




50

QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, TENTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF KANSAS CITY
TABLE 343.1Q
CURRENT FARM NON-REAL-ESTATE LENDING EXPERIENCE, COMPARED WITH A YEAR EARLIER
PERCENTAGE OF BANKS REPORTING
1
|
J
1
1
1 9 7 6 -Q 1 . . . |
-Q 2 . . . |
-Q 3 . — I
- Q 4 ...I

DATE OF
SURVEY

FUND AVAILABILITY

DEMAND FOR LOANS

LOAN REPAYMENT RATE

RENEHALS OR EXTENSIONS!

COLLATERAL REQUIRED

LONER

SAME

HIGHER

LONER

SAME

HIGHER

LONER

SAME

HIGHER

LONER

SAME

HIGHER

1

LONER

SAME

HIGHER

13.
4.
6.
6.

34.
40.
35.
21.

53.
55.
60.
72.

14.
19.
17.
39.

49.
51.
50.
44.

37.
30.
33.
17.

34.
31.
26.
56.

51.
60.
67.
43.

15.
9.
7.
1.

12.
8.
4.
5.

57.
54.
64.
42.

31.
38.
31.
54.

I
|
I
I

2.
1.
2.
0.

68.
74.
71.
64.

30.
25.
27.
36.

1 9 7 7 - Q 1 .• . |
- Q 2 ...I
-Q 3 . . . |
- Q 4 ...I

5.
3.
6.
5.

26.
29.
28.
33.

70.
67.
66.
62.

35.
38.
41.
37.

43.
49.
45.
49.

22.
13.
14.
15.

68.
64.
67.
63.

30.
?0.
29.
32.

2.
5.
4.
5.

1.
3.
2.
3.

33.
32.
28.
32.

66.
66.
69.
65.

1
|
|
|

1.
1.
1.
0.

59.
57.
58.
59.

40.
43.
41.
41.

1 9 7 8 - Q 1 ...I
- Q 2 ...I
- Q 3 ...I
- Q 4 ...I

13.
11.
13.
10.

44.
46.
46.
38.

44.
43.
41.
52.

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.
68.
68.
68.

34.
32.
30.
31.

1 9 7 9 - Q 1 ...|
- Q 2 ...|
- Q 3 ...1

17.
13.
11.
10.

41.
39.
34.
45.

41.
48.
56.
45.

214
22.
27.
32.

49.
49.
40.
45.

30.
28.
33.
23.

12.
10.
8.
16.

53.
63.
70.
68.

34.
27.
22.
16.

27.
21.
17.
14.

58.
64.
71.
68.

15.
15.
12.
18.

|
|
|
|

1.
1.
1.
1.

74.
66.
70.
62.

25.
33.
29.
37.

1 9 8 0 - Q 1 .. . |
- Q 2 ...I
- Q 3 ...J
- Q 4 ...1

16.
38.
39.
35.

41.
32.
42.
47.

43.
29.
19.
19.

29.
42.
12.
11.

48.
42.
56.
49.

23.
16.
32.
40.

23.
41.
32.
27.

62.
46.
59.
59.

15.
13.
9.
13.

15.
6.
7.
13.

55.
51.
57.
58.

30.
42.
36.
30.

|
|
1
I

1.
0.
1.
0.

61.
42.
56.
64.

38.
58.
44.
36.

1 9 8 1 - Q 1 ...I
- Q 2 ...I
-Q 3 . . • |
- Q 4 ...|

36.
33.
28.
32.

47.
41.
43.
43.

18.
26.
30.
25.

8.
9.
15.
16.

50.
49.
49.
54.

42.
42.
35.
30.

32.
39.
45.
49.

56.
52.
50.
46.

12.
8.
5.
4.

10.
7.
2.
5.

57.
53.
54.
47.

33.
39.
44.
49.

|
|
|
|

1.
1.
1.
0.

62.
64.
62.
54.

37.
36.
37.
46.

1 9 8 2 - Q 1 .• • 1

35.

41.

24.

12.

50.

38.

62.

32.

6.

5.

31.

64.

|

1.

54.

45.

___ L_.

QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, TENTH FEDERAL RESERVE D ISTR IC T— FEDERAL RESERVE BANK OF KANSAS CITY
TABLE 3 4 3 . 2Q
AVERAGE LOAN/DEPOSIT RATIO, AND PERCENTAGE OF BANKS REPORTING OTHER CONDITIONS THAT REFLECT RELATIVE CREDIT AVAILABILITY
REFUSED OR |
NUMBER OF FARM LOAN REQUESTS REFERRED TO—
LOAN/DEPOSIT RATIO I S —
REDUCED A |ACTIVELY
AVERAGE
FARM LOAN (SEEKING
CORRESPONDENT BANKS
NONBANK AGENCIES
DATE OF
LOAN/DEPOSIT LONER
HIGHER REQUEST IN |
HEN
SURVEY
RATIO
THAN
THAN
PREVIOUS |
FARM
| COMPARED WITH
| COMPARED ilT H
(PER CENT)
DESIRED DESIRED DESIRED QUARTER DUE|
LOAN
NONE|
USUAL NUMBER
NONE!
USUAL NUMBER
|
LEVEL
LEVEL
LEVEL
|TO
SHORTAGE!ACCOUNTS
1
I
i
1- ____
1 OF FUNDS___|__________
1
1LONER SAME HIGHER!
I LONER SAME HIGH]
............
1...
1
1
1
37.
I
1 9 7 6 - Q 1 ...I
56.
12.
13.
58.
19.
41.
I 51.
62.
19.
12.
63.
26.
1 51.
34.
|
14.
57.
J 54.
51.
| 48.
13.
- Q 2 ...J
12.
69.
18.
45.
10.
70.
20.
39.
(
11.
| 47.
19.
65.
44.
59.
J
49.
12.
51.
16.
- Q 3 ...I
13.
69.
19.
|
40.
10.
51.
|
20.
35.
- Q 4 .. . |
| 52.
9.
62.
69.
21.
46.
9.
66.
25.
1
23.
37.
| 39.
7.
64.
61.
|
31.
21.
48.
I
1 9 7 7 —Q1. . . 1
29.
39.
5.
34.
61.
52.
|
22.
30.
| 40.
10.
27.
62.
!
36.
12.
63.
37.
6.
57.
37.
-Q 2 . . . |
59.
|
26.
31.
| 37.
8.
64.
65.
I 28.
12.
28.
36.
5.
- Q 3 ...I
58.
37.
17.
52.
!
26.
26.
| 41.
10.
58.
- Q 4 ...I
65.
|
31.
32.
32.
5.
50.
45.
1978—Q 1 . . . |
- Q 2 ...I
-Q 3 .. . |
- Q 4 ...1

62.
62.
63.
64.

1
|
J
!

40.
39.
43.
42.

16.
15.
14.
15.

44.
46.
43.
43.

|
|
I
|

21.
15.
13.
18.

31.
39.
35.
34.

i
|
|
|

43.
36.
39.
40.

12.
10.
20.
19.

65.
73.
66.
66.

23.
17.
15.
16.

36.
34.
37.
36.

7.
13.
14.
13.

44.
49.
58.
57.

49.
38.
29.
29.

1 9 7 9 -Q 1 .. • |
-Q 2 . . . |
- Q 3 .. . |
- Q 4 ...J

62.
63.
64.
64.

!
|
|
J

38.
42.
42.
35.

18.
11.
14.
9-

43.
47.
44.
56.

14.
18.
18.
21.

37.
3537.
34.

1
|
1
]

40.
40.
40.
44.

18.
16.
14.
13.

68.
62.
65.
61.

14.
22.
21.
26.

33.
31.
31.
35.

13.
13.
13.
12.

53.
50.
56.
54.

34.
37.
31.
34.

1 9 8 0 - Q 1 ...I
- Q 2 ...I
- Q 3 ..- I
- Q 4 ...J

63.
64.
63.
60.

38.
29.
41.
52.

11.
11.
21.
14.

51.
60.
38.
34.

22.
32.
18.
8.

32.
17.
27.
44.

1
1
|
|

43.
44.
48.
47.

17.
16.
19.
23.

59.
62.
70.
65.

25.
22.
11.
13.

35.
24.
35.
42.

13.
5.
12.
14.

57.
51.
59.
62.

30.
44.
29.
24.

1 9 8 1 -Q 1 . . . |
- Q 2 ...J
- Q 3 ...I
- Q 4 ...I

59.
60.
61.
61.

54.
58.
51.
52.

15.
9.
13.
11.

32.
33.
37.
37.

10.
7.
10.
11.

43.
39.
39.
40.

|
1
|
|

51.
46.
45.
43.

18.
16.
20.
17.

74.
67.
64.
69.

8.
16.
16.
14.

37.
37.
38.
40.

17.
12.
14.
15.

58.
62.
53.
56.

26.
26.
33.
28.

1 9 8 2 -Q 1 -• . |

59.

|
|
1
|
1
1
1
|
|
1
|

|
|
|
J
1I
!
!
|
!
!
|
|
|
|

57.

11.

33.

|

10.

41.

| 49.

16.

74.

11.

39.

13.

56.

31.




51
QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, TENTH FEDERAL RESERVE DISTRICT— PEDERAL RESERVE BANK OF KANSAS CITY
TABLE 3*3.3Q
HOST COMMON INTEREST RATES CHARGED ON FARM LOANS
(AVERAGE, PER CENT)
FEEDER CATTLE
LOANS

OTHER
OPERATING
LOANS

INTERMEDIATE-TERM
(1 TO 7 YEARS)
LOANS

LONG-TERM
REAL ESTATE
LOANS

8 .7 7
8 .8 1
8 .7 8
8 .8 2

8 .9 2
8 .9 1
8 .8 9
8 .9 3

9 .1 5
9 .2 1
9 .1 6
9 .2 2

9 .1 0
9 .1 7
9 .1 9
9 .2 2

1 9 7 7 -Q 1 . . • )
- Q 2 ...I
- Q 3 ...I
-Q * . . . 1

8 .8 *
8 .8 *
8 .8 *
8 .8 7

8 .9 5
8 .9 6
8 .9 8
8 .9 8

9 .2 3
9 .3 3
9 .3 *
9 .3 2

9 .2 3
9 .2 5
9 .2 5
9 .2 2

1 9 7 8 - Q 1 .• . |
- Q 2 ...J
- Q 3 ...|
- Q 4 ...1

8 .9 0
8 .9 *
9 .0 7
9 .2 7

9 .0 3
9 .0 6
9 .2 2
9 .* 0

9 .3 5
9 .3 8
9 .5 *
9 .8 0

9 .2 3
9 .2 9
9 .* 6
9 .6 *

1 9 7 9 -Q 1 . . . |
- Q 2 ...|
- Q 3 ...1

9 .8 8
1 0 .2 0
1 0 .* 5
1 1 .5 2

9 .9 5
1 0 .2 8
1 1 .0 9
1 1 .5 9

1 0 .2 *
1 0 .6 2
1 0 .8 0
1 1 .8 1

1 0 .0 3
1 0 .3 0
1 0 .5 1
1 1 .3 1

1 9 8 0 —Q1. . . |
- Q 2 ...I
- Q 3 ...|
- Q * ...|

1 2 .9 9
1 6 .5 3
1 4 .0 *
1 3 .9 6

1 3 .0 6
1 6 .5 5
1 * . 12
1 * .0 6

1 3 .1 1
1 6 .8 6
1 * . 18
1 * .2 *

1 2 .3 7
1 5 .8 8
1 3 .0 3
1 3 .9 8

1 9 8 1 -Q 1 . . . |
- Q 2 ...|
- Q 3 ...1
- Q 4 ...I

1 6 .9 5
1 6 .2 8
1 7 .3 9
1 8 .0 9

1 7 .0 6
1 6 .3 3
1 7 .* 3
1 8 .1 1

1 6 .6 1
1 6 .* *
1 7 .3 8
1 8 .1 *

1 5 .9 5
1 5 .6 8
1 6 .9 9
1 8 .0 8

1982—Q 1 .• . |

1 6 .5 8

1 6 .6 5

1 6 .8 8

1 6 .6 9

1
|
|
i
i
1 9 7 6 -Q 1 . . . |

DATE OF
SURVEY

- Q 3 ...1

___________ L_

QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, TENTH FEDERAL RESERVE D ISTR IC T— FEDERAL RESERVE BANK OF KANSAS CITY
TABLE 3 * 3 . 4Q
FARM REAL ESTATE VALUES
1
MARKET VALUE OF GOOD FARMLAND
I________________________________________________________________________________________________
PERCENTAGE CHANGE FROM PREVIOUS QUARTER | PERCENTAGE CHANGE FROM PREVIOUS YEAR
DOLLARS PER ACRE
|
|
RANCHLAND
RANCHLAND
| NONIRRIGATED IRRIGATED
NONIRRIGATED IRRIGATED
RANCHLAND
1 NONIRRIGATED IRRIGATED
CROPLAND
CROPLAND
1
CROPLAND
CROPLAND
CROPLAND
CROPLAND
1
****
|
****
****
*♦**
****
*♦**
234.
1 9 7 6 - Q 1 .. • |
823.
*69.
****
*♦**
j
****
25*.
4 .6
7 .4
8 .4
- Q 2 ...J
88*.
*91.
****
****
j
*97.
1 .2
3 .5
- 0 .3
- Q 3 ...I
253.
914.
*
*
*
*
]
*
*
*
*
*
*♦*
5
2
8
.
8
.
4
2
.
5
6
.
2
2
5
9
.
9
9
1
.
- Q * ...|

DATE OF
SORVEY

- 1 .5
0 .4
0 .3
- 2 .3

0 .6
4 .2
- 0 .4
- 2 .6

I
|
I
I

1 0 .6
8 .1
7 .3
- 1 .9

1 8 .7
1 0 .9
7 .6
- 3 .0

1 1 .5
7 .1
7 .0
1 .7

2 .3
3. 1
2 .8
5 .3

2 .0
- 1 .0
3 .7
5 .9

0 .0
2 .4
3 .6
5 .4

1
|
I
|

2 .1
3 .0
5 .4
1 4 .2

0 .4
- 1 .0
2 .3
1 0 .9

1 .2
- 0 .6
3 .4
1 1 .9

297.
334.
335.
3*8.

*. 1
9 .2
3 .4
3 .8

4 .5
6 .0
1 1 .5
- 1 .5

0 .8
1 2 .5
0 .2
3 .9

I
i
I
I

1 6 .2
2 3 .0
2 3 .8
2 1 .9

1 3 .7
2 1 .7
3 0 .8
2 1 .6

1 2 .6
2 3 .7
1 9 .8
1 8 .1

1273.
1263.
125*.
130*.

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

|
I
I
I

2 0 .1
9 .9
3 .9
7 .9

1 4 .3
6 .9
- 4 .7
0 .6

2 0 .2
6 .8
5 .2
6 .6

806.
816.
848.
8*9.

1334.
1366.
1440.
1384.

388.
*00.
405.
403.

3 .5
1 .3
3 .9
0. 1

2 .3
2 .4
5 .4
- 3 .8

4 .6
3 .1
1 .2
- 0 .6

I
|
)
I

9 .0
1 0 .5
1 7 .4
9. 1

4 .8
8 .2
1 4 .8
6 .1

8 .6
1 2 -1
1 4 .9
8 .5

79*.

1323.

401.

- 4 .4

- 0 .3

|

- 1 .4

- 0 .8

3 .4

1 9 7 7 -Q 1 . . . |
- Q 2 ...J
-Q 3 .. . |
- Q * ...|

519.
530.
533.
518.

977.
980.
98*.
961.

261.
272.
271.
264.

1 9 7 8 - Q 1 .. . |
- Q 2 ...1
- Q 3 ...I
-Q * .. • |

530.
5*6.
561.
591.

980.
970.
1007.
1066.

264.
270.
280.
295.

1 9 7 9 - Q 1 .. • |
- Q 2 ...|
- Q 3 ...J
-Q * .. • |

615.
672.
695.
721.

111*.
1181.
1316.
1296.

1 9 8 0 - Q 1 ...)
- Q 2 ...I
- Q 3 ...I
- Q * ...|

739738.
722.
778.

1 9 8 1 —Q1___|
- Q 2 ...I
- Q 3 ...I
-Q * . . . J
1 9 8 2 - Q 1 . .. J
_________ l




- 1 .7
2 .2
0 .5
- 2 .8

- 6 .4

52
QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, ELEVENTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF DALLAS
TABLE 344.1Q
CURRENT FARM NON-REAL-ESTATE LENDING EXPERIENCE, COMPARED KITH USUAL CONDITIONS
PERCENTAGE OF BANKS REPORTING
|
DATE OF
SURVEY

J

DEMAND FOR LOANS

FOND AVAILABILITY

LOAN REPAYMENT RATE

RENEWALS OR EXTENSIONS

COLLATERAL REQUIRED

LONER

SAMS

HIGHER

LONER

SAME

HIGHER

LONER

SAME

HIGHER

LONER

SAME

HIGHER

LONER

SAME

HIGHER

1 9 7 5 - Q 3 ..|
-Q 4 .. 1

20.
21.

50.
58.

30.
21.

12.
11.

50.
59.

38.
30.

37.
25.

57.
64.

6.
12.

6.
15.

48.
50.

47.
35.

0.
1.

54.
61.

46.
38.

1 9 7 6 - Q 1 ..1
-Q 2 .. I
~ Q 3. . I
**Q4. • 1

16.
17.
6.
7.

53.
55.
54.
46.

31.
28.
40.
47.

7.
7.
7.
14.

58.
58.
68.
62.

36.
36.
25.
24.

28.
21.
15.
28.

65.
73.
78.
69.

7.
6.
7.
4.

11.
7.
6.
5.

55.
66.
74.
69.

34.
27.
20.
26.

1.
0.
1.
0.

63.
68.
71.
68.

37.
32.
28.
32.

1977-

1
]

14.
7.
5.
3.

51.
53.
43.
42.

35.
40.
52.
55.

15.
12.
15.
19.

51.
54.
63.
63.

34.
34.
22.
18.

28.
26.
31.
38.

66.
67.
66.
59.

5.
7.
3.
3.

8.
5.
4.
4.

59.
59.
65.
52.

33.
35.
31.
44.

1.
0.
1.
1.

74.
70.
62.
68.

25.
30.
38.
32.

Q 1 ..!
|
J
1

8.
6.
4.
6.

45.
52.
47.
46.

47.
42.
48.
48.

20.
17.
28.
38.

65.
65.
57.
46.

15.
17.
14.
14.

49.
36.
25.
29.

49.
61.
72.
61.

3.
4.
4.
9.

4.
4.
7.
10.

44.
55.
62.
60.

52.
41.
31.
30.

0.
1.
0.
1.

62.
59.
63.
59.

38.
40.
37.
41.

Q1• •I
|
1

8.
11.
12.
14.

43.
46.
54.
52.

49.
43.
34.
34.

40.
38.
37.
35.

46.
50.
51.
50.

13.
12.
11.
15.

28.
19.
18.
14.

61.
69.
66.
66.

11.
12.
16.
20.

14.
14.
13.
21.

57.
60.
66.
64.

29.
27.
20.
15.

1.
1.
0.
0.

64.
56.
63.
58.

35.
43.
37.
42.

1 9 8 0 - Q 1 ..I
-Q 2 -. I
-Q 3 . . |
-Q 4 .. |

23.
46.
38.
23.

52.
39.
46.
55.

25.
14.
16.
22.

20.
35.
16.
11.

63.
53.
58.
57.

17.
13.
26.
33.

16.
28.
27.
39.

68.
64.
69.
56.

16.
9.
4.
5.

20.
13.
8.
7.

60.
60.
63.
56.

21.
28.
29.
37.

1.
2.
1.
1.

63.
36.
62.
62.

36.
62.
37.
37.

1981-

Q 1 ..|
|
i
I

39.
40.
47.
51.

45.
46.
40.
30.

16.
14.
13.
19.

14.
9.
11.
11.

57.
55.
58.
55.

29.
35.
31.
34.

45.
40.
42.
38.

51.
57.
56.
59.

4.
3.
2.
4.

7.
3.
4.
5.

48.
54.
55.
55.

45.
43.
40.
40.

1.
1.
1.
1.

59.
59.
59.
57.

40.
40.
41.
43.

Q 1 . .1

31.

43.

26.

10.

59.

31.

53.

44.

39.

58.

1.

52.

47.

Q1• . |

-Q2-. 1
-Q 3 ..
-Q 4 . .
1978-

-Q 2 ..

- Q 3 ..
-Q 4 ..
1979-

"Q2-. 1
-Q 3 --Q 4 ..

- Q 2 ..

-Q 3 ..
-Q 4 ..
1982-

1
3.
|
4.
___________ 1__________

QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, ELEVENTH FEDERAL RESERVE DISTR IC T— FEDERAL RESERVE BANK OF DALLAS
TABLE 3 4 4 . 2Q
FARM NON-REAL-ESTATE LOAN VOLUHE EXPECTED DURING THE CURRENT QUARTER, CONPARED HITH VOLUME OF LOANS HADE A YEAR EARLIER
PERCENTAGE OF BANKS REPORTING
TOTAL
I
|
1 LONER SAME HIGHER
1
1
41.
33.
26.
1 9 7 5 - Q 3 .• . |
23.
55.
23.
- Q 4 ...I

DATE OF
SURVEY

FEEDER CATTLE

DAIRY

LONER SAME HIGHER

LONER SAME HIGHER

CROP1 STORAGE
LONER SAME HIGHER

OPERATING

FARM MACHINERY

LONER SAME HIGHER

LONER SAME HIGHER

54.
38.

30.
42.

16.
20.

34.
31.

59.
64.

6.
5.

15.
16.

55.
62.

30.
22.

13.
15.

36.
49.

52.
36.

29.
15.

42.
50.

30.
36.

1 9 7 6 -Q 1 . . . |
- Q 2 ...1
- Q 3 ...I
- Q 4 ...1

13.
11.
7.
14.

51.
52.
51.
44.

36.
37.
41.
42.

28.
30.
27.
41.

45.
55.
55.
46.

27.
15.
17.
13.

21.
18.
21.
17.

71.
76.
72.
75.

8.
6.
8.
8.

17.
11.
14.
13.

57.
75.
59.
58.

26.
15.
26.
29.

7.
7.
7.
30.

43.
46.
45.
43.

50.
47.
48.
47.

10.
16.
14.
16.

57.
50.
52.
49.

33.
34.
35.
36.

1 9 7 7 - Q 1 ...J
- Q 2 ...I
- Q 3 ...J
- Q 4 ...I

11.
7.
6.
11.

50.
47.
50.
46.

39.
46.
44.
43.

27.
24.
23.
18.

57.
62.
59.
59.

15.
14.
18.
23.

14.
12.
15.
18.

81.
82.
73.
75.

5.
7.
13.
7.

9.
12.
11.
15.

61.
67.
56.
54.

30.
22.
33.
31.

8.
5.
3.
11.

44.
38.
40.
42.

48.
57.
56.
47.

15.
14.
15.
30.

50.
48.
47.
43.

35.
38.
38.
27.

1 9 7 8 -Q 1 . . . |
- Q 2 ...I
- Q 3 ...I
- Q 4 ...I

9.
11.
6.
14.

44.
47.
50.
43.

47.
42.
44.
43.

13.
18.
11.
16.

60.
46.
56.
45.

27.
36.
32.
39.

15.
14.
15.
18.

77.
72.
72.
73.

8.
14.
14.
9.

10.
11.
13.
12.

57.
61.
57.
60.

33.
28.
30.
28.

6.
10.
5.
11.

44.
36.
44.
46.

49.
54.
51.
43.

31.
28.
23.
20.

45.
48.
47.
51.

24.
24.
30.
29.

1 9 7 9 - Q 1 ...|
- Q 2 ...J
- Q 3 ...I
- Q 4 ...I

15.
18.
23.
20.

45.
48.
52.
53.

40.
34.
25.
27. .

18.
22.
29.
19.

47.
51.
55.
60.

35.
27.
16.
21.

12.
19.
17.
16.

78.
73.
71.
72.

10.
8.
12.
12.

18.
11.
21.
13.

61.
77.
70.
66.

21.
13.
9.
21.

10.
14.
19.
11.

40.
41.
44.
51.

50.
45.
36.
39.

22.
18.
14.
19.

51.
48.
54.
45.

27.
33.
33.
36.

1 9 8 0 - Q 1 ...|
-Q 2 . . . |
- Q 3 ...J
- Q 4 ...I

24.
53.
29.
19.

50.
36.
51.
56.

26.
11.
20.
25.

33.
67.
35.
31.

51.
33.
56.
58.

16.
1.
9.
11.

21.
46.
24.
19.

68.
47.
67.
67.

11.
7.
10.
14.

22.
41.
22.
21.

65.
52.
67.
63.

13.
7.
11.
15.

21.
34.
13.
11.

39.
40.
52.
47.

40.
26.
34.
42.

22.
52.
34.
27.

44.
35.
53.
56.

34.
13.
14.
18.

1 9 8 1 - Q 1 ...|
- Q 2 ...|
- Q 3 ...I
- Q 4 ...J

31.
27.
36.
39.

48.
52.
42.
46.

21.
22.
22.
15.

43.
38.
50.
46.

49.
58.
43.
46.

8.
4.
6.
7.

28.
19.
27.
31.

63.
70.
60.
66.

10.
11.
13.
3.

27.
27.
25.
24.

59.
65.
57.
55.

14.
7.
18.
21.

21.
17.
23.
28.

45.
43.
44.
44.

34.
41.
33.
28.

41.
35.
40.
41.

42.
47.
45.
45.

17.
18.
15.
14.

1 9 8 2 - Q 1 ...I

26.

46.

28.

41.

49.

10.

23.

68.

9.

23.

54.

23.

17.

39.

44.

46.

41.

13.

____________ L




53
QUARTERLY SORfEI OF AGRICOLTORAL CREDIT CONDITIONS, ELEVENTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF DALLAS
TABLE 344.3Q
AVERAGE LOAN/DEPOSIT RATIO, AND PERCENTAGE OF BANKS REPORTING OTHER CONDITIONS THAT REFLECT RELATIVE CREDIT AVAILABILITY
REFUSED OR |
REDUCED A |ACTIVELY
FARH LOAN |SEEKING
REQUEST IN |
NEW
HIGHER
PREVIOUS
|
FARM
THAN
QUARTER DUE|
LOAN
DESIRED TO SHORTAGEIACCOUNTS

NUMBEB OF FARM LOAN REQUESTS REFERRED TO—

LOAN/DEPOSIT RATIO I S —
DATE OF
SURVEY

AVERAGE
LOAN/DEPOSIT
RATIO
(PERCENT)

1 9 7 5 - Q 3 ...J
- Q 4 ...1

58.
55.

1 9 7 6 -Q 1 . . . |
- Q 2 ...I
- Q 3 ...I

54.
55.
58.
60.

1 9 7 7 -Q 1 . . • J
- Q 2 -----1
- Q 3 ...I
- Q 4 ...I

57.
58.
62.
63.

1 9 7 8 -Q 1 . . . |
- Q 2 ...I
- Q 3 ...I

60.
59.
62.
63.

1 9 7 9 - Q 1 .. . |
- Q 2 ...I
- Q 3 ...I
- Q 4 ...1

60.
60.
62.
63.

1 9 8 0 —Q1. . . |
- Q 2 ...I
- Q 3 ...J
- Q 4 .. . |

59.
58.
60.
59.

1 9 8 1 - Q 1 ...I
- Q 2 ...J
- Q 3 ...1
- Q 4 .. . |

57.
56.
57.
58.

1 9 8 2 -Q 1 . . . |

57.

LONER
THAN
DESIRED

ABOUT
RIGHT

25.
29.

55.
55.

20.
16.

37.
37.
26.
24.

46.
48.
56.
50.

17.
15.
19.
26.

25.
31.
22.
21.

59.
53.
53.
52.

16.
17.
26.
28.

21.
25.
21.
15.

56.
51.
47.
54.

23.
24.
31.
31.

22.
20.
19.
15.

52.
55.
55.
61.

26.
25.
26.
24.

23.
17.
30.
30.

63.
63.
57.
55.

14.
19.
13.
15.

31.
38.
40.
42.

54.
49.
46.
42.

15.
12.
14.
15.

36.

47.

17.

1
1
|
|
1
|
i
1
|
t
|
I
I
I
i
i
1
)
)
I
i
1
I
1
|
i
1
I
I
|
I
1
1

I
1
|
)
|
|
|
J
I
|
|
|
|
1
|
J
|
1
|
|
|
|
i
|
|
|
|
I
1
)
|
|
I
|
1

11.
12.

40.
44.

8.
7.
7.
13.

49.
51.
50.
45.

10.
10.
15.
9.

50.
49.
44.
39.

9.
15.
14.
22.

36.
36.
32.
32.

23.
22.
24.
18.

28.
30.
33.
35.

14.
21.
16.
9.

37.
20.
36.
41.

7.
6.
6.
7.

39.
44.
44.
41.

7.

37.

CORRESPONDENT BANKS,
COMPARED WITH
USUAL NUMBER

1
1
J
t
1
1
1
1
1
J
1
1
1
1
1
1
1
1
!
1
1
i
1
1
1
1
i
1
1
1
1
1
1
i
1
|

NONBANK AGENCIES,
COMPARED HITH
USUAL NUMBER

LONER

SAME

HIGHER

LONER

SAME

HIGHER

27.
28.

61.
60.

13.
12.

17.
14.

59.
65.

22.
20.

22.
20.
16.
19.

66.
69.
72.
63.

13.
11.
11.
18.

19.
16.
13.
17.

63.
71.
80.
74.

18.
13.
7.
9.

16.
18.
17.
12.

70.
72.
66.
68.

14.
10.
17.
20.

12.
13.
14.
7.

73.
65.
65.
64.

15.
22.
21.
29.

10.
10.
7.
8.

74.
73.
73.
68.

15.
17.
20.
24.

8.
8.
8.
5.

61.
64.
63.
60.

31.
28.
29.
35.

15.
9.
14.
13.

69.
75.
69.
71.

17.
16.
17.
16.

6.
7.
7.
13.

55.
63.
67.
67.

38.
30.
26.
20.

18.
20.
14.
14.

74.
69.
78.
78.

8.
12.
8.
8.

14.
9.
9.
11.

63.
58.
68.
68.

23.
33.
23.
21.

14.
12.
11.
16.

76.
79.
80.
78.

10.
9.
9.
6.

8.
7.
9.
10.

65.
66.
71.
72.

27.
27.
20.
18.

15.

74.

10.

10.

69.

21.

QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, ELEVENTH FEDERAL RESERVE DISTR IC T— FEDERAL RESERVE BANK OF DALLAS
TABLE 3 4 4 . 4Q
HOST COHHON INTEREST RATES CHARGED ON FARM LOANS
(AVERAGE, PERCENT)
FEEDER CATTLE
LOANS

OTHER
OPERATING
LOANS

INTERHEDIATE-TERM
(1 TO 7 YEARS)
LOANS

LONG-TERM
REAL ESTATE
LOANS

9 .4 7
9 .6 0

9 .3 9
9 .4 1

9 .3 6
9 .4 4

9 .2 6
9 .3 2

1 9 7 6 -Q 1 . . . |
- Q 2 ...I
- Q 3 ...I
- Q 4 .. . |

9 .4 6
9 .3 4
9 .3 3
9 .3 3

9 .4 2
9 .3 3
9 .2 9
9 .3 1

9 .4 2
9 .4 0
9 .4 0
9 .4 1

9 .3 6
9 .3 5
9 .3 6
9 .3 5

1 9 7 7 - Q 1 ...|
-Q 2 .. . |
- Q 3 ...I
- Q 4 ...|

9 .2 7
9 .3 0
9 .2 8
9 .3 0

9 .2 8
9 .2 5
9 .2 4
9 .2 6

9 .3 7
9 .3 7
9 .4 0
9 .4 3

9 .3 1
9 .3 2
9 .3 3
9 .3 9

1 9 7 8 —Q1. . . 1
-Q 2 .. . |
- Q 3 ...J
- Q 4 ...I
1
1 9 7 9 - Q 1 ...|
- Q 2 .. . |
- Q 3 ...I
-Q 4 .. . |

9 .3 9
9 .4 3
9 .5 3
9 .7 5

9 .3 7
9 .4 2
9 .5 0
9 .7 4

9 .4 6
9 .5 2
9 .5 8
9 .7 9

9 .4 4
9 .4 8
9 .5 6
9 .7 7

1 0 .1 0
1 0 .2 5
1 0 .3 5
1 1 .4 2

1 0 .0 7
1 0 .2 5
1 0 .3 4
1 1 .3 3

1 0 .0 8
1 0 .2 4
1 0 .3 5
1 1 .3 1

9 -9 9
1 0 .1 2
1 0 .1 9
1 0 .9 1

1 3 .1 2
1 6 .1 8
1 3 .2 4
1 3 .3 3

1 3 .0 2
1 5 .7 9
1 3 .2 1
1 3 .3 0

1 2 .9 2
1 5 .7 6
1 3 .1 7
1 3 .3 5

1 1 .9 2
1 5 . 14
1 2 .8 3
1 2 .9 6

1 8 .5 9
1 7 .5 6
1 9 .1 6
1 9 .6 7

1 8 .3 8
1 7 .3 6
1 9 .0 2
1 9 .3 7

1 7 .8 7
1 7 .0 1
1 8 .8 7
1 9 .2 3

1 7 .0 9
1 6 .1 9
1 8 .1 0
1 8 .8 4

1 7 .2 8

1 7 .5 5

1 7 .2 8

1 7 .5 6 *

1
|
|
1
1
1 9 7 5 - Q 3 .• • |
- Q 4 ...I

DATE OF
SURVEY

1 9 8 0 -Q 1 . . . )
- Q 2 ...I
-Q 3 . . • |
- Q 4 ...I
1
1 9 8 1 -Q 1 . • • |
-Q 3 - . . |
- Q 4 ...|
1 9 8 2 - Q 1 .. • )
1_.




54
QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, ELEVENTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF DALLAS
TABLE 344.5Q
TRENDS IN FARM REAL ESTATE VALDES AND LOAN VOLUME
MARKET VALUE OF GOOD FARMLAND

PERCENTAGE OF BANKS EXPECTING

1 9 7 5 - Q 3 ... I ***** ***** *****
- Q 4 . .. I * * * * * * * * * * *****

****
****

****
****

**♦*
****

1 9 7 6 - Q 1 ...
- Q 2 ...
- Q 3 ...
“ Q 4 ...

| * * * * * ***** *****
| ***** ***** *****
274.
J 397.
652.
i
387.
670.
284.

****
*♦♦*
****
- 2 .5

****
****
****
2 .8

****
****
♦***
3 .6

1 9 7 7 - Q 1 ...
- Q 2 ...
- Q 3 ...
- Q 4 ...

|
1
|
1

395.
403.
414.
415.

685.
685.
722.
700.

287.
286.
303.
295.

2 .1
2 .0
2 .7
0 .2

2 .2
0 .0
5 .4
- 3 .0

1. 1
- 0 .3
5 .9
- 2 .6

PERCENTAGE CHANGE (PERCENTAGE OF BANKS EXPECTING
FROM PREVIOUS
J
TREND DURING THE CURRENT
YEAR
(
QUARTER TO BE—
1
DOWN
STABLE
UP
I R R I ­ RANCH-|
DRY­
LAND__ GATED. L A N D !
I
****
****
****
(
4.
87.
9.
****
|
****
****
3.
78.
19.
1
****
♦*♦*
j
****
3.
81.
16.
***♦
****
♦***
j
17.
3.
80.
****
****
***♦
|
1.
76.
23.
****
****
*♦**
j
3.
76.
21.
1•
**♦*
****
*♦♦*
j
76.
5.
19.
****
****
****
j
4.
69.
27.
7.
73.
20.
4 .3
1 0 .7
1 0 .6
(
4 .5
3 .9
|
13.
71.
16.
7 .2

1 9 7 8 - Q 1 ...
- Q 2 .. .
- Q 3 ...
- Q 4 ...

1
|
|
|

435.
441.
449.
481.

704.
726781.
776.

300.
304.
344.
342.

4 .8
1 .4
1 .8
7 .1

0 .6
3 .1
7 .6
- 0 .6

1 .7
1 .3
1 3 .2
- 0 .6

1 0 .1
9 .4
8 .5
1 5 .9

2 .3
6 .0
8 .2
1 0 .9

4 .5
6 .3
1 3 .5
1 5 .9

|
(
|
|

11.

1 9 7 9 - Q 1 ...
- Q 2 ...
- Q 3 ...
- Q 4 ...

|
|
|
|

474.
519.
508.
539.

828.
928.
866.
833.

369.
378.
394.
422.

- 1 .5
9 .5
- 2 .1
6. 1

6 .7
1 2 .1
- 6 .7
- 3 .8

7 .9
2 .4
4 .2
7 .1

9 .0
1 7 .7
1 3 .1
1 2 .1

1 7 .6
2 7 .8
1 0 .9
7 .3

2 3 .0
2 4 .3
1 4 .5
2 3 .4

|
|
|
|

1 9 8 0 - Q 1 . ..
- Q 2 ...
- Q 3 ...
- Q 4 ...

|
J
|
i

545.
573.
576.
551.

921.
954.
988.
970.

399.
409.
419.
407.

1 .1
5 .1
0 .5
- 4 .3

1 0 .6
3 .6
3 .6
- 1 .8

- 5 .5
2 .5
2 .4
- 2 .9

1 5 .0
1 0 .4
1 3 .4
2 .2

1 1 .2
2 .8
1 4 .1
1 6 .4

8 .1
8 .2
6 .3
- 3 .6

1 9 8 1 - Q 1 ...
- Q 2 .• .
- Q 3 ...
- Q 4 ...

|
I
1

597.
646.
643.
630.

1064.
1057.
1076.
1059.

405.
460.
485.
473.

8 .3
8 .2
- 0 .5
- 2 .0

9 .7
- 0 .7
1 .8
- 1 .6

- 0 .5
1 3 .6
5 .4
- 2 .5

9 .5
1 2 .7
1 1 .6
1 4 .3

1 5 .5
1 0 .8
8 .9
9 .2

1 .5
1 2 .5
1 5 .8
1 6 .2

|
|

661. 1097.

493.

4 .9

3 .6

4 .2

1 0 .7

3 .1

2 1 .7

DATE OF
SURVEY

I DOLLARS PER ACRE
I DRY1 LAND

|

1 9 8 2 - Q 1 ... 1




PERCENTAGE CHANGE
FROM PREVIOUS
QUARTER

IR R I ­ RANCH-| DRY­
GATED L A N D ! LAND

I R R I ­ RANCHGATED LAND

DORING THE CURRENT QUARTER,
AS COMPARED N IIH VOLUME HADE
A YEAR EARLIER, TO BE—
LONER

SAME

31.
22.

57.
67.

12.
11.

16.
16.
18.
16.

72.
72.
68.
67.

12.
12.
13.
17.

18.
17.
13.
23.

66.
66.
66.
62.

16.
17.
21.
16.

HIGHER

2.

76.
70.
77.
72.

13.
28.
21.
26.

18.
17.
14.
24.

64.
67.
63.
65.

19.
16.
23.
12.

3.
2.
3.
2.

71.
68.
70.
62.

27.
29.
27.
36.

25.
28.
27.
26.

61.
61.
61.
56.

13.
11.
12.
18.

|
|
|
(

3.
12.
8.
3.

70.
75.
79.
74.

27.
13.
13.
23-

41.
69.
45.
26.

51.
29.
51.
66.

8.
2.
4.
8.

(
|

7.
4.
4.
10.

70.
75.
75.
76.

24.
21.
21.
14.

43.
36.
43.
45.

51.
56.
51.
52.

5.

13.

77.

10.

40.

54.

6.

|
_JL

2.

1.

8.
5.

3.

55
QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, FIFTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF RICHMOND
TABLE 345.1Q
CURRENT FARH NON-REAL-ESTATE LENDING EXPERIENCE, COMPARED WITH USUAL CONDITIONS
PERCENTAGE OF BANKS REPORTING
FUND AVAILABILITY

DEMAND FOR LOANS

______ __ __ _____

DATE OF
SURVEY

LONER

SAME

HIGHER

LONER

SAME

LOAN REPAYMENT RATE

HIGHER

LONER

SAME

|| HENENALS OR EXTENSIONS

HIGHER

LONER

SAME

COLLATERAL REQUIRED

HIGHER

LONER

SAME

HIGHER

L
1 9 7 5 - Q 4 ...

21.

51.

28.

10.

46.

44.

31.

62.

8.

5.

67.

28.

0.

77.

23.

1 9 7 6 - Q 1 .. •
- Q 2 ...
-Q 3 .. .
-Q 4 . . .

12.
6.
0.
11.

68.
71.
74.
74.

21.
23.
26.
14.

6.
6.
3.
3.

44.
43.
63.
68.

50.
51.
34.
29.

21.
20.
0.
11.

71.
77.
97.
86.

9.
3.
3.
3.

3.
0.
11.
9.

71.
80.
86.
83.

27.
20.
3.
9.

0.
0.
0.
0.

76.
80.
83.
80.

24.
20.
17.
20.

1 9 7 7 -Q 1 . . .
- Q 2 ...I I
- Q 3 — 1I
- Q 4 ...I |
1
1 9 7 8 - Q 1 .• . i1
- Q 2 ...I |
- Q 3 . • . |1
- Q 4 ... I

0.
6.
6.
12.

85.
60.
58.
62.

15.
34.
36.
27.

3.
0.
6.
9.

50.
63.
72.
71.

47.
37.
22.
21.

24.
6.
11.
24.

77.
91.
89.
74.

0.
3.
0.
3.

12.
6.
0.
3.

59.
83.
86.
67.

29.
11.
14.
30.

0.
0.
3.
0.

79.
79.
81.
85.

21.
21.
17.
15.

7.
21.
19.
10.

60.
36.
69.
61.

33.
42.
13.
29.

10.
27.
36.
32.

73.
67.
58.
65.

17.
6.
7.
3.

57.
30.
13.
10.

37.
70.
84.
81.

7.
0.
3.
10.

3.
3.
3.
16.

33.
61.
81.
68.

63.
36.
16.
16.

0.
0.
3.
0.

77.
73.
78.
84.

23.
27.
19.
16.

13.
9.
7.
16.

63.
65.
68.
58.

25.
27.
26.
26.

31.
27.
36.
26.

66.
74.
65.
74.

3.
0.
0.

6.
6.
7.
10.

78.
85.
87.
87.

16.
9.
7.
3.

16.
12.
0.
3.

75.
85.
90.
84.

9.
3.
10.
13.

0.
0.
0.
0.

75.
76.
71.
74.

25.
24.
29.
26.

21.
43.
46.
44.

57.
37.
37.
38.

21.
20.
17.
18.

21.
34.
14.
15-

71.
66.
66.
59.

7.
0.
20.
27.

29.
37.
29.
47.

68.
60.
69.
53.

4.
3.
3.
0.

0.
3.
3.
3.

57.
54.
63.
53.

43.
43.
34.
44.

0.
0.
0.
3.

69.
43.
77.
65.

31.
57.
23.
32.

56.
47.
58.
48.

27.
33.
30.
48.

18.
20.
12.
3.

12.
3.
6.
0.

65.
63.
55.
58.

24.
33.
39.
42.

50.
37.
33.
26.

47.
63.
64.
65.

3.
0.
3.
10.

6.
0.
3.
10.

35.
57.
64.
61.

59.
43.
33.
29.

0.
0.
0.
0.

77.
69.
73.
61.

24.
31.
27.
39.

39.

42.

18.

6.

59.

35.

35.

65.

0.

0.

62.

38.

0.

50.

o
in

1

1 9 7 9 -Q 1 . . . |
- Q 2 ...I I
- Q 3 ...J I
- Q 4 ... |

1 9 8 0 -Q 1 . . . jI
- Q 2 ...,|
- Q 3 ... |
- Q 4 ... |
1
1 9 8 1 - Q 1 . .. |
- Q 2 .. . 1
- Q 3 ... |
—Q 4 . • . |
1
1 9 8 2 -Q 1 . . . J

0.

QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, FIFTH FEDERAL RESERVE D ISTR IC T— FEDERAL RESERVE BANK OF RICHMOND
TABLE 3 4 5 . 2Q
FARM NON-REAL-ESTATE LOAN VOLUME EXPECTED DURING THE CURRENT QUARTER, COMPARED WITH VOLUME OF LOANS HADE A YEAR EARLIER
PERCENTAGE OF BANKS REPORTING
DATE OF
SURVEY
1 9 7 5 - Q 4 .• •
1 9 7 6 - Q 1 ...
- Q 2 .. .
- Q 3 ...
- Q 4 .. .
1 9 7 7 -Q 1 . . .
-Q 2 . . .
- Q 3 ...
- Q 4 ..•

TOTAL
1
1
| LONER SAME HIGHER
1
1
|
13.
58.
29.
I
61.
33.
I
6.
67.
33.
i
o.
66.
29.
I
6.
77.
20.
i
3I
24.
73.
l
3.
69.
31.
I
o.
56.
39.
I
6.
64.
30.
I
6.

FARH MACHINERY

FEEDER CATTLE

DAIRY

CROP STORAGE

OPERATING

LONER SAME HIGHER

LONER SAME HIGHER

LONER SAME HIGHER

LONER SAME HIGHER

LONER SAME HIGHER

39.

52.

9.

12.

76.

12.

14.

58.

28.

8.

59.

33.

18.

49.

33.

37.
14.
19.
26.

56.
61.
68.
68.

7.
25.
13.
7.

25.
10.
16.
12.

57.
66'.
66.
73.

18.
24.
19.
15.

23.
19.
16.
7.

55.
69.
68.
61.

23.
13.
16.
32.

3.
0.
3.
6.

47.
54.
66.
77.

50.
46.
31.
17.

21.
11.
17.
9.

41.
49.
60.
69.

38.
40.
23.
23.

19.
7.
28.
14.

78.
87.
66.
64.

4.
7.
7.
21.

11.
10.
23.
17.

79.
81.
70.
72.

11.
10.
7.
10.

10.
9.
15.
19.

73.
82.
55.
41.

17.
9.
30.
41.

3.
3.
8.
9.

56.
49.
36.
44.

41.
49.
56.
47.

6.
3.
17.
24.

68.
57.
47.
59.

27.
40.
36.
18.

7.
16.
19.
17.

62.
50.
59.
72.

31.
34.
22.
10.

15.
10.
21.
7.

74.
80.
71.
71.

11.
10.
7.
21.

11.
17.
21.
10.

85.
80.
79.
90.

4.
3.
0.
0.

14.
28.
13.
10.

57.
69.
67.
53.

29.
3.
20.
37.

13.
24.
16.
23.

37.
36.
44.
55.

50.
39.
41.
23.

30.
30.
31.
23.

53.
46.
38.
48.

17.
24.
31.
29.

16.
6.
17.
23.

55.
58.
62.
57.

29.
36.
21.
20.

15.
11.
27.
19.

70.
71.
69.
82.

15.
18.
4.
0.

17.
19.
22.
25.

72.
75.
74.
68.

10.
6.
4.
7.

23.
30.
14.
28.

65.
58.
62.
48.

13.
12.
24.
24.

19.
6.
19.
23.

47.
50.
48.
42.

34.
44.
32.
36.

16.
12.
26.
19.

56.
65.
48.
71.

28.
24.
26.
10.

21.
50.
33.
32.

54.
32.
52.
45.

25.
18.
15.
23.

26.
59.
42.
31.

70.
41.
58.
55.

4.
0.
0.
14.

26.
43.
31.
45.

74.
57.
66.
41.

0.
0.
3.
14.

26.
53.
32.
44.

56.
38.
50.
31.

19.
9.
18.
25.

11.
34.
17.
29.

46.
40.
49.
35.

43.
26.
34.
35.

32.
69.
57.
56.

54.
31.
34.
29.

14.
0.
9.
15.

37.
33.
36.
31.

43.
41.
43.
55.

20.
26.
21.
14.

41.
36.
50.
36.

50.
52.
50.
64.

9.
12.
0.
0.

31.
32.
40.
24.

66.
61.
57.
72.

3.
7.
3.
3.

41.
38.
38.
31.

44.
55.
53.
55.

15.
7.
9.
14.

29.
20.
21.
32.

35.
50.
55.
52.

35.
30.
24.
16.

56.
47.
55.
55.

27.
43.
39.
32.

18.
10.
6.
13.

1 9 8 2 - Q 1 . .. !
20.
1_

63.

17.

23.

67.

10.

22.

66.

13.

31.

50.

19.

29.

38.

32.

53.

35.

12.

1 9 7 8 - Q 1 ...
- Q 2 ...
-Q 3 .. .
- Q 4 ...
1 9 7 9 - Q 1 . ..
- Q 2 ...
- Q 3 .. .
- Q 4 .••
1 9 8 0 - Q 1 ...
- Q 2 ...
- Q 3 ...
- Q 4 ...
1 9 8 1 - Q 1 . ..
- Q 2 ...
- 3 3 ...
-Q 4 . . .

I
1
I
I
i
1
I
I
|
!
|
J
|
I
|
|
|
|




56
QUARTERLY SURVEY OF AGRICULTURAL CBEDIT CONDITIONS, FIFT H FEDERAL BESFBVE D ISTB IC T— FEDERAL RESERVE BANK CF BICHHONO
TABLE 3 4 5 . 3Q
AVERAGE LOAN/DEPOSIT RATIO, AND PERCENTAGE OF BANKS REPORTING OTHEP. CONDITIONS THAT REFLECT RELATIVE CREDIT AVAILABILITY
|REFUSED OR i
(
NUMBER OF FARM LOAN 1REQUESTS REFERRED TO—
1
| LOAN/DEPOSIT RATIO I S — | r e d u c e d a 1 ACTIVELY!
AVERAGE
NONBANK AGENCIES
1
1 FARM LOAN |SEEKING I CORRESPONDENT BANKS
DATE OF
| LOAN/DEPOSIT|
I REQUEST IN |
NEK
SURVEY
J
j LONER
RATIO
ABOUT
HIGHER J PREVIOUS
|
FARM i
1 COMPARED NITH
1 COMPARED 1NITH
(PER CENT) | THAN
RIGHT
THAN (QUARTER D0E|
LOAN I NONE!
USUAL NUMBER
1TONEI
USUAL NUMBER
(DESIRED
DESIRED(TO SHORTAGE|ACCOUNTS|
|
1.
J ______1l o n e r
HIGHER 1
! LOWER SAME HIGHER
1
i OF FUNDS L _
1
1
| ***
***
**♦
***
** *
***
***
1 9 7 5 - Q 4 ...I
64.
|
28.
62.
10.
|
8.
63.
1
1 9 7 6 -Q 1 . . . |
60.
|
47.
44.
9.
(
3.
( 76.
62.
0.
21.
3.
38.
6.
47.
9.
- Q 2 .. . |
61.
|
40.
54.
6.
(
71.
3.
( 63.
11.
26.
0
7.
36.
45.
1364.
|
30.
55.
- Q 3 ...I
15.
|
3.
59.
| 70.
0.
27.
3.
47.
0.
50.
3.
- Q 4 ...J
62.
57.
0
65.
| 71.
3.
24.
3.
1 34.
47.
9.
1
6.
44.
3.
1|
1 9 7 7 - Q 1 ...|
62.
J 42.
58.
0.
|
0.
71.
| 70.
6.
21.
41.
3.
47.
9.
3.
64.
|
34.
49.
17.
(
0.
- Q 2 ...I
| 65.
82.
3.
44.
32.
0.
3.
44.
9.
- Q 3 ...J
66.
|
27.
50.
24.
|
0.
72.
3.
I 66.
31.
0.
48.
7.
36.
10.
- Q 4 ...I
6S.
|
36.
49.
15.
(
0.
68.
( 72.
3.
25.
0.
53.
6.
25.
16.
1
1 9 7 8 -Q 1 .• . |
66.
|
36.
43.
3.
73.
( 78.
0.
21.
I
22.
0.
43.
0.
29.
29.
- Q 2 ...I
65.
]
25.
53.
3.
22.
(
64.
3.
26.
1 71.
0.
33.
0.
33.
33.
- Q 3 ...J
68.
(
13.
47.
13.
56.
41.
|
| 83.
13.
0.
3.
48.
0.
36.
16.
- Q 4 ...J
67.
I
20.
47.
33.
J
13.
60.
0.
0.
1 71.
29.
52.
0.
36.
13.
1
65.
1 9 7 9 -Q 1 . . . |
|
16.
61.
23.
|
13.
66.
( 72.
0.
28.
0.
0.
39.
48.
13.
- Q 2 ...I
66.
62.
24.
|
1 15.
6.
68.
0.
23.
1 74.
3.
39.
0.
39.
23.
68.
|
10.
- Q 3 ...I
58.
32.
(
10.
61.
| 63.
3.
30.
3.
45.
0
41.
14.
- Q 4 ...|
68.
I
10.
73.
17.
|
7.
61.
J 76.
0.
24.
0.
59.
0.
31.
10.
1
1 9 8 0 - Q 1 ...J
66.
57.
29.
|
1 14.
7.
64.
| 78.
0.
22.
0.
58.
0.
23.
19.
- Q 2 ...I
66.
50.
1 21.
29.
|
20.
34.
4.
14.
7.
1 75.
47.
0.
20.
33.
-Q 3 ----- 1
67.
|
18.
61.
21.
(
9.
63.
( 79.
6.
12.
3.
52.
0.
26.
23.
- Q 4 ...I
65.
|
30.
64.
6.
|
6.
68.
| 76.
3.
14.
7.
55.
0
24.
21.
1
1 9 8 1 - Q 1 ..- I
63.
|
39.
55.
6.
|
3.
71.
| 76.
10.
10.
3.
52.
3.
13.
32.
- Q 2 ...|
64.
|
38.
59.
0
3.
|
73.
( 82.
0.
18.
0.
0.
52.
30.
19.
- Q 3 ...I
64.
|
33.
52.
15.
|
3.
70.
| 75.
0.
25.
0.
48.
0.
31.
21.
- Q 4 .. . |
64.
|
42.
58.
0
77.
0.
(
7.
14.
4.
1 75.
52.
3.
28.
17.
i
f
1
1 9 8 2 - Q 1 .. . |
63.
I
52.
42.
6.
(
71.
0
| 81.
16.
3.
0.
47.
6.
28.
19.
- J ____________
___________ L
1-

___

.

.

.

.

.
.
.

QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, FIFTH FEDERAL RESERVE D IST R IC T -FE D E R A L RESERVE BANK OF RICHMOND
TABLE 3 4 5 . 4Q
TYPICAL INTEREST RATES CHARGED ON FARM LOANS
(AVERAGE, PER CENT)
1
|
(
1
1
1 9 7 5 - Q 4 ...|

DATE OF
SURVEY

FEEDER CATTLE
LOANS

OTHER
OPERATING
LOANS

INTERMEDIATE-TERM
(1 TO 7 YEARS)
LOANS

LONG-TERM
BEAL ESTATE
LOANS

6 .9 8

8 .9 8

9 .5 3

9 .3 4

1 9 7 6 - Q 1 .. • (
- Q 2 ...I
-Q 3 . . . (
- Q 4 ...I

8 .8 9
8 .8 8
8 .9 1
8 .7 7

8 .8 6
8 .9 0
8 .8 1
8 .7 5

9 .4 8
9 .2 9
9 .2 6
9 .2 0

9 .2 2
9 .2 6
9 .1 9
9 .3 1

1 9 7 7 -Q 1 . . . |
-Q 2 .-.|
- Q 3 ...J
- Q 4 ...J

8 .8 9
8 .7 8
8 .8 4
8 .7 0

8 .8 9
8 .7 3
8 .8 2
8 .7 4

9 .2 9
9 .1 7
9 .2 6
9 .2 8

9 .2 8
9 .3 0
9 .3 5
9 .2 7

197 8 —Q1. . . 1
- Q 2 ...J
- Q 3 ...|
—Q 4 . • • j

8 .9 4
8 .9 9
9 .2 8
9 .6 5

8 .9 8
9 .0 8
9 .3 7
9 .5 4

9 .4 6
9 .4 4
9 .6 9
1 0 .0 2

9 .4 2
9 .4 9
9 .6 0
9 .8 0

1 9 7 9 -Q 1 .• . |
-Q 2 .• . (
- Q 3 ...I
- Q 4 ...J

1 0 .2 8
1 0 .9 0
1 1 .3 7
1 2 .0 5

1 0 .3 7
1 0 .7 4
1 0 .9 7
1 2 .0 8

1 0 .5 2
1 1 .1 7
1 1 .2 8
1 2 .2 7

1 0 .2 6
1 0 .9 4
1 1 .3 8
1 1 .9 4

1 9 8 0 - Q 1 .. . (
- Q 2 .• • |
- Q 3 ...J

1 2 .9 7
1 6 .5 5
1 3 .3 8
1 3 .8 4

1 3 .0 2
1 6 .3 7
1 3 .3 8
1 3 .7 4

1 3 .1 5
1 6 .8 5
1 3 .6 0
1 4 .1 6

1 3 .1 1
1 6 .4 4
1 3 .6 6
1 3 .8 3

1 9 8 1 - Q 1 ...I
-Q 2 -. . |
- Q 3 ...I
- Q 4 ...I

1 7 .1 6
1 6 .9 4
1 7 .8 9
1 8 .6 6

1 7 .2 3
1 6 .7 8
1 7 .7 8
1 8 .5 2

1 6 .8 7
1 6 .7 4
1 7 .4 1
1 8 .4 0

1 6 .1 8
1 5 .9 7
1 6 .9 1
1 8 .2 4

19 8 2 —Q 1 . . • |
_____________ 1__

1 7 .0 0

1 6 .9 7

1 7 .1 5

1 7 .1 4




57

QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, FIFTH FEDERAL RESERVE D ISTR IC T— FEDERAL RESERVE BANK OF RICHBOND
TABLE 3 4 5 . 5Q
TRENDS IN FARM REAL ESTATE VALUES AND LOAN VOLUME
MARKET VALUE OF GOOD FARMLAND
PERCENTAGE CHANGE
FROM P R E V IO U S -

DATE OF
SURVEY
PER
ACRE

1
1
.

1

QUARTER

1 9 7 6 - Q 1 ...I
- Q 2 ...I
- Q 4 ...|

|

PERCENTAGE OF BANKS EXPECTING
FARM REAL ESTATE LOAN VOLUME
DURING THE CURRENT QUARTER,
AS COMPARED HITH VOLUME HADE
A YEAR EARLIER, TO BE—

YEAR
DOHN

___

1
1 9 7 5 - Q 4 .. . |

PERCENTAGE OF BANKS EXPECTING
TREND DURING THE CURRENT
QUARTER TO BE—
_ STABLE

OP

1

LONER__ _

SAME

_HIGHER

777.

****

*♦**

5.

82.

13.

1

11-

76.

13.

842.
810.
851.
869.

8 .4
- 3 .8
5 .1
2 .1

*♦**
****
****
1 1 .8

3.
0.
0.
0.

79.
80.
86.
83.

18.
20.
14.
17.

|
|
J
|

16.
16.
6.
12.

68.
61.
76.
70.

16.
21.
18.
18.

1 9 7 7 -Q 1 . . . 1
**Q2. « - 1
- Q 3 ...I
- Q 4 ...I
i
1 9 7 8 -Q 1 . . . |
- Q 2 ...I
- Q 3 ...I
- Q 4 ...I

906.
910.
937.
935.

4 .3
0 .4
2 .9
- 0 .1

7 .6
1 2 .3
1 0 .1
7 .6

0.
0.
6.
0.

82.
82.
63.
94.

18.
18.
11.
6.

1
1
1
|

9.
6.
6.
13.

75.
70.
67.
75.

16.
24.
27.
13.

1017.
1071.
1074.
1105.

8 .7
5 .3
0 .3
2 .9

1 2 .3
1 7 .7
1 4 .7
1 8 .1

3.
0.
0.
0.

87.
76.
75.
74.

10.
24.
25.
26.

1
1
|
|

17.
23.
28.
20.

70.
68.
63.
70.

13.
10.
9.
10.

1 9 7 9 -Q 1 • |
- Q 2 ...I
-Q 3 .. . |
- Q 4 ...|

1079.
1165.
1192.
1222.

- 2 .4
8 .0
2 .3
2 .5

6 .1
8 .8
1 1 .0
1 0 .6

0.
0.
0.
0.

66.
49.
65.
81.

34.
52.
36.
19.

I
I
I
I

35.
22.
18.
32.

59.
53.
57.
61.

7.
25.
25.
7.

1 9 8 0 -Q 1 . . . |
- Q 2 ...J
- Q 3 ...J
- Q 4 ...I

1231.
1270.
1318.
1353.

0 .7
3 .2
3 .6
2 .7

1 4 .1
9 .0
1 0 .6
1 0 .7

0.
31.
9.
3.

79.
63.
86.
82.

216.
6.
15.

1
|
|
|

33.
65.
56.
49.

63.
35.
35.
39.

4.
0.
9.
12.

1 9 8 1 -Q 1 . . . |
- Q 2 ...J
- Q 3 ...I
- Q 4 ...J

1277.
1265.
1336.
1337.

- 5 .6
- 0 .9
5 .6
0. 1

3 .7
- 0 .4
1 .4
- 1 .2

3.
3.
3.
3.

85.
80.
88.
94.

12.
17.
9.
3.

i
|
J

46.
32.
37.
46.

39.
57.
53.
50.

15.
11.
10.
4.

1 9 8 2 - Q 1 ...I

1273.

- 4 .8

- 0 .3

15.

82.

3.

I

44.

50.

6.

i




|

5 8

Coverage and procedures of surveys in Section 340
Five Federal Reserve Banks conduct quarterly surveys of credit conditions at coaaercial banks that are
involved in far* lending. Each of the surveys is Bade as of the firs t day of January, April, July, and October.
These dates correspond to lines 91 through 94, respectively, in the tables. Each of the Federal Reserve Banks
issues a quarterly report on its survey results, available fro« the Reserve Bank on request.
Section 341, Seventh District
The Federal Reserve Bank of Chicago has conducted a quarterly land value and credit conditions survey
for oyer 25 years. Over this tiae the survey has undergone several changes, and thus historical data for the
current series are available for varying ti*e periods.
Before 1973, the survey covered only banks that were aeabers of the Federal Reserve System. Fro* 1969
to 1972, for exasple, the banks surveyed were ieiber banks at which far* loans coiprised 10 percent or *ore of
total loans as of 1968. That sasple nusbered about 550 banks, which was about 60 percent of all aeaber banks in
the D istrict.
In January 1973, the survey was broadened to cover nonaeaber banks at which far* loans coaprised 25
percent or *ore of total loans as of June 1972 (except in Michigan, where the criterion was set at 10 percent).
A total of 476 nonaeaber banks, representing 20 percent of all nonaeaber banks in the D istrict, responded to a
request to participate in the survey. As of 1973, therefore, the total survey saaple (both aeaber and nonaeaber
banks) rose to over 1,000 banks, or about 40 percent of all banks in the D istrict. A typical response rate each
quarter is about 75 percent.
Section 342, Ninth D istrict.
The Federal Reserve Bank of Minneapolis initiated a quarterly agricultural credit conditions survey in
1964. The survey panel and questionaire have reaained highly coaparable over tiae, but wording of aany
questions was altered in April 1981 as footnoted in the tables. Aaong the five Reserve Bank surveys, this
survey provides exceptionally long and broad coverage of agricultural credit conditions, spanning several
aonetary and far* incoae cycles.
The survey panel was chosen froa aaong bankers engaged in far* lending to provide a geographical and
bank-size cross section of the banks in the D istrict. The core of the panel consists of aeabers of the Upper
Midwest Agricultural Credit Council, an organization of agricultural representatives and lending officers of
Ninth D istrict banks. The in itia l survey in 1964 covered 75 bankers. Over tiae, the panel was enlarged; as of
1973, i t covered 175 banks. The response rate has typically been 90 percent or better.
Section 343, Tenth D istrict.
The Federal Reserve Bank of Kansas City iapleaented a quarterly agricultural credit conditions survey
on January 1, 1976. An in itia l saaple of 196 banks was selected priaarily froa aaong the 902 D istrict banks at
which fara loans coaprised 50 percent or aore of total loans. The saapling procedure resulted in representation
of all geographic regions and faraing areas in the D istrict.
As of July 1977, the saaple consisted of 188 banks. Virtually all surveyed banks respond each quarter.
Follow-up calls to respondents are aade to help assure a high response rate.
Section 344, Eleventh D istrict.
The Federal Reserve Bank of Dallas initiated a quarterly survey of agricultural credit conditions on
July 1, 1975. A saaple of 331 aeaber and nonaeaber banks was drawn, representing banks of all sizes throughout
the D istrict. A response rate of about 70 percent has been experienced.
As of January 1976, the survey covered 23 percent of all banks in the D istrict. The saapling rate was
based priaarily on the relative iaportance of far* lending. Of the 522 banks at which fara loans coaprised
one-fourth or aore of total loans (based on June 1974 data), 54 percent were included in the survey. This group
accounted for 85 percent of the total nuaber of banks surveyed.
Section 345, Fifth D istrict.
The Federal Reserve Bank of Richaond began a quarterly survey of agricultural credit conditions on
October 1, 1975. In selecting the saaple, the 773 banks in the D istrict were stratified on the basis of
outstanding dollar voluae of fara loans, and banks with the larger aaounts of fara loans were saapled tore
heavily. A total of 64 banks were selected in this aanner, of which 43 agreed to participate in the survey. Of
the 18 banks at which outstanding fara loans exceeded $10 aillion (based on June 1974 data), 16 were included in
the final saaple of 43 banks.



59
Section 900
Coiimentary:

Farm income and returns to assets and equity

In this section, past issues of the Databook have presented
several USDA farm income series, including "operators' net farm
income" adjusted for inflationRecently, many commentators on
farm financial developments have noted that this series has fallen
to about the same level as in the latter years of the Great
Depression.
From this, they have inferred that recent farm income
and financial conditions are equivalent to those of the
DepressionBut persons with any knowledge of farm conditions now
and in the Depression realize that this is an analytical travesty.
The discussion and tables that follow indicate why the "operators'
net farm income" series gives such a misleading comparison.
They
also provide data better suited for that purpose.
The principal problem with using "operators' net farm income"
for historical comparisons results from the combined effect of two
factors.
First, farm businesses are primarily proprietorships,
and so such income is a combined return to the labor, management,
and investment of the proprietors.
(In corporate business, the
analogous "income" would be the sum of wages, salaries, and
profits.)
Second, over the past three decades the farming
industry has greatly reduced its labor requirements.
The number
of farm operators is now about 36 percent of the Depression level.
Most simply stated, therefore, if total operators' real net farm
income is equal to the Depression level, then each operator's
real income is, on average, 2.75 times the Depression level.
USDA series on returns to farm assets and equity provide a
more rigorous analytical treatment of this consideration.
On
page 60, these series are shown after adjustment for inflation
(using the implicit price deflator for personal consumption
expenditures).
The second column of the table shows how much of
the total farm income could be regarded as having been earned by
operators for their labor and management work, if they had paid
themselves at going hourly and percentage rates for these
services.
The rest of the income— the return to assets before
interest payments— in 1981 was over three times (16.1 vs. 4.8) the
level in 1940, the last year of the farm Depression.
Even after
interest payments, real profits were double the 1940 level (7.0
vs. 3.5).
Farm asset prices did not keep up with general inflation
during 1981, and thus real capital gains were negative and total
return to investment did not fare well.
However, total returns
during the preceding decade were extraordinary, whether viewed in
total constant dollars (last column, page 60) or as a percentage
return on investment (last column, page 61).
As a result of these
and earlier years of favorable returns on investment, real wealth
represented by farm assets has risen to more than four times that
of 1940 (414.9 vs 98.5; third column, page 61).




(continued on page 62)

6 0

Returns to farm production assets and equity
(Billions of 1972 dollars)
Less:

Equals:

Plus:

Equals:

Interest
on
production
debt

Residual
incoae to
equity in
production
assets

Real
capital
gains on
equity in
production
assets

Total
return to
equity in
production
assets

12.4
12.3
14.9
8.1

1.3
1.3
1.1
.9
.8
.8
.7
.7
.8
.9

3.5
7.5
12.1
11.4
6.8
7.1
11.6
11.5
14.1
7.2

-.5
5.1
10.0
7.5
6.5
5.9
2.4
-.6
1.8
1.9

3.0
12.6
22.1
19.0
13.3
13.0
14.0
10.9
15.9
9.1

15.6
16.8
16.6
15.8
14.8
14.2
13.7
12.2
12.0
11.7

10.6
11.8
9.9
6.7
6.7
5.4
5.6
6.2
9.3
5.6

.9
1.0
1.1
1.1
1.1
1.2
1.2
1.3
1.4
1.6

9.7
10.8
8.8
5.6
5.6
4.2
4.4
4.9
7.9
4.1

13.9
8.2
-9.0
-4.4
-5.2
7.0
8.6
7.9
15.4
.6

23.6
19.0
-.2
1.2
.4
11.2
13.0
12.8
23.3
4.7

18.3
19.1
19.3
19.1
17.4
20.7
21.9
19.5
19.0
20.7

11.0
10.5
9.9
9.7
9.1
8.4
8.3
8.6
8.5
8.5

7.4
8.7
9.4
9.4
8.3
12.3
13.6
10.9
10.5
12.2

1.7
1.8
1.9
2.1
2.3
2.5
2.7
2.9
3.0
3.1

5.7
6.9
7.5
7.3
6.0
9.9
10.9
8.0
7.5
9.1

-.4
8.4
6.1
6.4
8.8
14.0
9.7
6.9
5.3
1.5

5.2
15.3
13.6
13.7
14.8
23.8
20.6
14.9
12.8
10.6

1970.........
1971.........
1972.........
1973.........
1974.........
1975.........
1976.........
1977.........
1978.........
1979.........

20.1
20.0
24.8
40.1
30.1
26.3
20.8
19.9
25.4
28.6

8.0
8.1
8.0
8.6
8.2
7.6
7.1
6.9
6.9
6.8

12.0
11.9
16. B
31.5
21.9
18.6
13.7
13.0
18.5
21.B

3.3
3.4
3.6
4.1
4.9
4.7
5.0
5.6
6.3
7.3

8.7
8.5
13.2
27.4
17.0
13.9
8.7
7.5
12.2
14.5

.9
12.9
27.6
48.2
1.2
35.5
46.2
23.8
51.7
33.2

9.6
21.4
40.9
75.6
18.2
49.5
54.9
31.3
64.0
47.7

1980.........
1981.........

20.3
21.8

6.0
5.7

14.3
16.1

8.2
9.2

6.1
7.0

5.6
-7.7

11.7
-.8

Returns
iiputed to
operators’
labor and
aanageaent
services

1940.........
1941.........
1942.........
1943.........
1944.........
1945.........
1946.........
1947.........
1948.........
1949.........

16.7
22.3
29.8
32.3
30.3
30.4
34.3
31.6
33.9
24.8

11.9
13.5
16.6
19.9
22.6
22.5
22.0
19.4
19.0
16.8

1950.........
1951.........
1952.........
1953.........
1954.........
1955.........
1956.........
1957.........
1958.........
1959.........

26.2
28.7
26.5
22.5
21.5
19.6
19.3
18.4
21.3
17.3

1960.........
1961.........
1962.........
1963.........
1964.........
1965.........
1966......
1967.........
1968.........
1969.........




Equals:

Residual
incoae to
production
assets

4.8
8.8
13.2
12.4
7.7

CO

Less:
Returns to
production
assets,
operators’
labor, and
aanageaent
services

6 1

Relative returns to equity in farm production assets

Assets

Debt

Equity

Average
interest
rate on
debt
(percent)

1940.........
1941.........
1942.........
1943.........
1944.........
1945.........
1946.........
1947.........
1948.........
1949......

125.5
124.1
130.3
140.3
149.4
156.9
161.9
166.0
167.1
173.0

27.0
26.7
24.6
20.7
17.6
15.6
14.6
14.7
14.8
16.1

98.5
97.4
105.7
119.5
131.8
141.3
147.3
151.4
152.3
156.9

4.9
5.0
5.0
4.9
5.0
5.0
5.0
5.0
5.1
5.2

1950.........
1951.........
1952.........
1953.........
1954.........
1955.........
1956.........
1957.........
1958.........
1959.........

174.1
192.2
205.5
197.3
188.7
193.0
197.4
204.7
211.0
228.7

17.0
18.3
20.4
21.1
20.3
21.5
23.3
23.8
25.0
27.4

157.1
173.9
185.2
176.1
168.4
171.5
174.1
180.9
186.0
201.3

I960.........
1961.........
1962........
1963.........
1964....... ,
1965.........
1966.........
1967.........
1968....... .
1969.........

228.7
226.8
234.4
240.1
246.2
253.1
267.4
275.2
281.9
284.3

29.9
30.9
33.0
35.8
39.1
42.1
45.9
48.8
51.0
50.8

1970....... .
1971.........
1972....... .
1973.........
1974.......
1975.........
1976.......
1977.........
1978........
1979.........

283.2
280.9
291.9
316.3
357.7
342.4
376.1
414.0
435.0
480.1

1980.......
1981.........

506.8
502.1

Year




Production assets, debt, and equity
(billions of 1972 dollars)

Returns to equity as a percentage
of equity
Capital
gains

Total

3.6
8.0
12.0
10.0
5.3
5.1
8.2
8.0
9.4
4.6

-.5
5.4
10.0
6.6
5.1
4.3
1.7
-.4
1.2
1.2

3.0
13.4
22.0
16.6
10.4
9.4
9.9
7.6
10.7
5.8

5.1
5.2
5.3
5.3
5.2
5.2
5.3
5.3
5.3
5.4

6.3
6.3
4.8
3.2
3.3
2.5
2.6
2.7
4.3
2.0

9.0
4.8
-4.9
-2.5
-3.1
4.1
5.0
4.4
8.4
.3

15.3
11.1
-.1
.7
.2
6.6
7.6
7.2
12.6
2.3

198.8
195.9
201.4
204.3
207.1
211.0
221.6
226.5
230.9
233.4

5.5
5.5
5.6
5.6
5.6
5.6
5.7
5.8
5.9
6.2

2.9
3.5
3.8
3.6
2.9
4.7
5.0
3.6
3.3
4.0

-.2
4.3
3.1
3.1
4.3
6.7
4.5
3.1
2.4
.7

2.6
7.8
6.8
6.7
7.2
11.4
9.5
6.7
5.7
4.7

51.3
51.4
53.5
59.4
66.4
62.5
65.6
70.5
77.5
81.8

231.9
229.5
238.4
256.9
291.3
280.0
310.5
343.5
357.4
398.3

6.5
6.4
6.3
6.5
7.7
7.4
7.3
7.5
7.8
8.7

3.8
3.8
5.7
11.0
6.2
5.2
2.9
2.2
3.6
3.8

.4
5.7
11.8
19.4
.4
13.2
15.2
7.1
15.1
8.7

4.2
9.5
17.5
30.4
6.6
18.4
18.1
9.4
18.6
12.5

86.3
87.2

420.5
414.9

9.5
10.3

1.5
1.7

1.4
-1.9

2.9
-.2

Incone

62
(continued from page 59)
This farm wealth position is another way in which current
farm conditions differ markedly from those of the Depression.
The
Depression years were preceded by a decade of low farm income and
falling land prices— the USDA index of farm real estate values
fell during every year of the 1920s, for a total decline of 32.7
percent by 1929.
In sharp contrast, the last two years of low
farm income were preceded by many years of higher income, rising
land prices, and sizable increases in real wealth of farmers.
What, then, is the nature of current farm financial
difficulties?
Indebted farmers often experience a cash flow
problem even while making financial progress, as is evident from a
comparison of the interest rates and rates of income and total
return on page 61.
Beginning in 1980, reduced income and higher
interest rates greatly aggravated the cash flow gap, forcing some
farmers to sell assets to meet debt service requirements.
As also
shown, however, the farming sector on average still made some
profit even after subtracting interest payments and labor and
management "earnings."
Thus only a minority of farmers have been
financially threatened by their cash flow situation:
those with a
debt/asset ratio substantially higher than the sector average of
17 percent, and/or those paying an average interest rate
significantly higher than the sector average <10.3 percent in
1981, and probably about 11 percent in 1982).
For additional discussion, references, and data sources, see
"Farm Sector Financial Experience," available from the author.
Emanuel Meli char
March 31, 1982
Note:
The analyses and conclusions in this commentary are solely
those of the author and do not necessarily reflect the views of
the Board of Governors or of other members of its staff.