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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 *************************** i - Q 3 ...1 - 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 ************ * **** *** 4 ** *** * c 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 l _ ___1 __________. 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 X 1 MILLIONS OF DOLLARS U 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 ____________ I___________ 1 ****** ****** ****** ****** 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 4713. 1 1 6196. 1 7019. 1 8751. 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, 1 BILLIONS 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 — 1. . . . Q - 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 6321. 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 7542. 9 .4 1 1 1 1 2 9 9 .3 6 .3 3 .0 7609. 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 8844. 1 1 .0 1 1 1 1 3 0 5 .9 4 .1 1 .4 9170. 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 9956. 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 12525. 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 fl 1 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 24014. 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 29344. 1 6 .5 3 2 3 .8 - 2 .0 3 .8 1 1 1 1 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 36036. 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 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. 1 9 6 1 -Q 1 . . • - Q 2 ... - Q 3 ... - Q 4 ... 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 ---------------------1 JSA A fii_________________ l_ — ig A A f l______________ 1 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 I 1 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. 3699“ . 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 http://fraser.stlouisfed.org/ A N S ” A R B Federal Reserve Bank of St. Louis 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 RENEWALSi l _ 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* J 1 ................... 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. 1 9 8 N 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 .... - | — 2 .. . . . | Q - 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 . . — 3. • Q — 4. • . . . J Q ____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 — 1 . . . . Q ****** ****** ****** - 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— 1 . . . . . | Q - 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 1974— 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 ------- _ | ****** ****** ****** — 4 .. , • . ] Q 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 DOLLARS THOUSANDS! i _ ... 1 QUARTER 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 — 3 . . . . .1 Q - 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 — 3____ .1 Q - 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 ... i 1 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 ... f I 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 ... — 4 .• . Q 1 1 9 7 8 - Q 1 . .. - 0 2 ... - Q 3 .- . - Q 4 ... ..1 l 1 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.... . | — 2«. . • . J Q - 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— 1 .. . . .1 Q - 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 l . 1 DOLLARS _ .. -....... - f AS PERCENTAGE C l |I 1 I | REPAY* 1 LOANS OUTJ| STANDING* MENTS I _ 1 .. ****** ****** ****** ****** ***** ***** ***** ***** **** **** **** **** **** **** **** **** ****** ****** ****** 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 .... . | - Q 4 ------- . | 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 « ------- , ] 1965— Q1. . . • . - Q 2 ------- . - 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 - Q 3 ------- „ j - 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 — t____ .1 Q - 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. — 2 .• . • .1 Q 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 .... — 4 .. . . Q 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 I QUARTER t 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 1974— 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 percentag: 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 J . L 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 — 4............| Q 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 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 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 8.6 3.9 8.6 9 .2 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 1 1 i < i i 1 1 i .X. OTHER 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 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 1 1 1 1 1 1 1 1 1 1 A 1 1 1 1 ( 1 1 1 1 1 I 1 1 1 1 1 1 i 8.2 8.6 6.7 9.2 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 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 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 1 1 ; 1 1 A 1 9.0 9.0 8.6 9.2 17.7 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 1 I I OTHER 332.1 ■ u 1 IC 5 10 TC 24 25 IC 99 SIZE OF BANK Too AND OVER LAF.GE** Cl HER ALL BANKS 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 -o. r LARGE Ba n k s ** 8.3 8.1 8.4 9.4 -0 .4 -0 .3 -0 .3 -0 .1 -1 .1 -0 .9 -0 .2 -0 .4 0.4 0.2 0.4 0 .2 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 i o U 1 3 3 2 . 2Q | ) | i 1 I X 0. 1 0.2 0..2 -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 1977-Q1. -02. -Q3. -Q4. 1 1978-Q1• -Q2. -Q3. -Q4. — 1981-Q1. -02. -Q3. -Q4. J 1 1 1 1982-Q1. 1 1 1 3 3 2 . 3Q I l OTHER BANKS 8.9 8.9 6.9 9.0 < 1978-Q1• -Q2. -03, -04. 1 19 7 9- Q 1 -Q2 i -Q3. -Q 4. -0 .2 -0-2 -0 .1 -0 .2 0.1 -0 .3 -0 .2 0 .0 -0 .1 0.0 0. 1 -0 .0 0 .2 0.5 0.3 0.1 0.1 0 .0 -0 .4 0.2 | | | I 0.1 0.1 0.1 0.1 0.1 0.1 -0 .1 -0 .0 -0 .3 -0 .0 -0 .1 -0 .1 0.3 -0 .4 0 .3 0.1 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 1977-01. -Q2. -Q3. -04. 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 1 1980-01. -02. -Q3. -Q 4. . 1 17.5 17.5 19.1 18.7 1981-Q1. -Q2. -Q3. -Q4. 4 1 17.5 1982-Q1• -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 ... — 2. . • Q - 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 1 6 .6 1 6 .5 8 .5 1 2 .5 1 3 .0 1 0 .4 1 2 .0 1 8 .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 .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 3 3 4 . 2Q LARGS BANKS** 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 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 1 |1 1 1 9 8 2 - Q 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 ... — 3 ..« Q - Q 4 ... 1 I 1 1 1 1 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 OTHER 6. 1 5 .3 5 .0 6 .8 1 1 9 8 1 -Q 1 . . . - Q 2 ... - Q 3 ... - Q 4 .. , LARGE** 6 .9 6 .5 5 .3 5 .6 6 .7 1 0 .1 4 .4 5 .2 1 9 8 0 -Q 1 . . . - Q 2 ... - Q 3 ... - Q 4 ... 2 5 TO 99 t9 .2 6 .5 7 .4 5 .7 6 .0 6 .7 6 .0 6 .8 1 1 9 7 9 - Q 1 ... - Q 2 ... - Q 3 .. . - Q 4 ... 10 TO 24 1 00 AND OVER ALL BANKS 5 .1 6 .1 5 .6 5 .8 1 9 7 8 - Q 1 ... - Q 2 ... - Q 3 ... - Q 4 ... 1 TO 9 OTHER 1 1 9 7 7 - Q 1 ... - Q 2 ... - Q 3 ... — 4 .•• Q 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 INFORMATION, 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 \ i i i i i j i j i i 1 5 .5 1 4 .2 1 3 .8 1 8 .2 j J 1 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 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. 1979— 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 22. 52. 26. 1 30. 14. 56. 1 23. 65. 12. 1 28. 64. 8. 1 1 43. 47. 10. 1 41. 47. 12. 1 13. 57. 30. 1 58. 32. 11. 1 1 14. 45. 41. 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 10. 27. 63. 1 10. 64. 27. 1 1 10. 33. 53. 1 6. 61. 33. 1 9. 45. 45. 1 16. 55. 28. 1 1 26. 49. 25. 1 17. 51. 32. 1 6. 5043. 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. 1975— t . . . Q -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— 1 .. • | Q - 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 ...| — 4 .. . | Q 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. DEMAND FOR DEBT EXTENSION OR REFINANCING _ 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 ... — 4 .. . Q 8. 4. 4. 6. 74. 62. 74. 84. 18. 33. 22. 11. 1 9 7 2 - Q 1 ... - Q 2 ... - Q 3 ... — 4 .. . Q 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 ... — 2 .. • Q - Q 3 .. . - Q 4 ... 19. 25. 6. 12. 62. 54. 66. 65. 19. 21. 28. 24. 1 9 7 5 - Q 1 ... -Q 2 - . . — 3 .• • Q - 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 .• . — 4 .• • Q 9. 8. 3. 8. 55. 53. 60. 60. 37. 39. 37. 31. 1 9 7 8 - Q 1 .• . - Q 2 .• . — 3 .. . Q — 4 .• . Q 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 I 1 ) 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. -LOWjfi__ SAME . HIGHER.. 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 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 f 1 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 i 1 1 1 1 1 1 1 1 1 1 1 1 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 1 1 1 1 1 1 1 1 1 1 1 1 1 1 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. 1977— 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 1 1 29. i 34. i 58. j 70. i i 73. i 66. i 60. \ 58. i i i i i i i i i i i } i i i i 1 1 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, M N 55480. 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 FARM LOAN (SEEKING 1 NORMAL FARM | CORRESPONDENT BANKS AVERAGE 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 *** ♦ ** 4. 11. 56. 13. 82. 7. 9. 87. 69. 13. 17. | I 14. - Q 4 ...I I *** 1 i *** ( *** **♦ 6. 91. 3. 9. 86. 5. | 16. 67. 11. 61. 6. 17. | 19 6 7 — l . . . | Q *** | * ♦* *** 11. 3. 36. 20. | 14. 64. 8. 9. 83. 8. | 20. 60. - Q 2 ...I *** *** | *♦* 5. 84. 11. 5. 3. 20. | 62. 7. - Q 3 ...| 26. 92. 63. 1 17. *** *** 1. 10. 73. 3. 91. 6. 38. 2. - Q 4 ...| 63. 18. | 5. 1 19. 1 ( *** | ** * *** 4. 6. 11. 13. 82. 5. 83. | 22. 65. 13. I 5. 95. 1 9 6 8 - Q 1 .• . 1 *** ( *** 4. 17. 76. 7. 3. 38. 9. I 22. 58. 20. | 5. 65. - Q 2 ...I *** ( *** *** 4. 7. 10. 5. 88. 7. 39. 62. 27. 1 17. 55. -Q 3 -..1 1 11j *** *** *** 10. 84. 9. 88. 3. 6. 6. 66. 2. - Q 4 ...| ) 23. 64. 13. | 1 1 33. 26. 16. 13. 60. 59. 64. 64. 7. 15. 20. 23. | ( | ( 4. 8. 18. 15. 77. 70. 52. 45. 1. 7. 11. 9. ! ( | ( . . . 43. 32. 37. 16. 4. 4. 6. 79. 47. 61. 53. 5. 6. 3. 4. *** 24. 21. 28. 11. 4. 2. 3. 83. 61. 71. 59. 6. 11. 6. 10. 18. 15. 5. 8. 62. 53. 48. 61. 20. 33. 47. 31. ) j | i 18. 23. 32. 22. 47. 38. 32. 35. 10. 18. 19. 7. 1 1 | ( 37. 38. 43. 43. 4. 5. 2. 3. 55. 50. 47. 46. 3. 7. 8. 8. 23. 24. 20. 30. 2. 1. 1. 3. 64. 65. 66. 58. 11. 11. 12. 10. 13. 16. 1117. 62. 60. 65. 67. 24. 24. 23. 16. | | | | 14. 9. 9. 6. 48. 56. 57. 63. 6. 5. 5. 4. | | | 1 42. 44. 43. 47. 2. 3. 1. 6. 52. 45. 52. 45. 5. 8. 4. 3. 22. 20. 28. 30. 2. 1. 1. 2. 61. 66. 62. 65. 16. 14. 9. 3. 28. 28. 17. 23. 60. 60. 71. 71. 13. 12. 13. 6. | | | | 4. 5. 2. 2. 67. 69. 68. 72. 2. 5. 2. 3. ( ( ( | 49. 51. 50. 52. 2. 3. 1. 4. 42. 42. 43. 41. 6. 5. 6. 2. 29. 30. 34. 37. 1. 1. 1. 4. 66. 61. 62. 58. 5. 8. 3. 2. 58. 58. 61. 61. | | | | 1 | 1 ( I I | | I 1 1 1 1 1 ) I J | | 1 32. 36. 26. 29. 62. 58. 58. 56. 6. 7. 15. 15. J | | 1 2. 5. 5. 9. 75. 78. 71. 62. 2. 2. 4. 8. ( ( | ( 47. 47. 42. 45. 2. 3. 2. 5. 44. 44. 49. 45. 7. 7. 7. 6. 35. 36. 34. 37. 5. 5. 2. 4. 58. 58. 61. 54. 2. 2. 3. 5. 1 9 7 4 - Q 1 ...J - Q 2 ...J “ Q 3 ...I -Q 4 . — I 61. 63. 63. 65. | 1 I 1 20. 29. 13. 7. 65. 59. 60. 54. 15. 11. 27. 39. | | | J 6. 4. 18. 35. 69. 76. 46. 27. 5. 4. 20. 30. I ( ( | 51. 44. 38. 41. 2. 6. 5. 6. 43. 46. 48. 47. 5. 4. 9. 7. 45. 39. 28. 32. 3. 4. 3. 1. 49. 56. 64. 48. 3. 2. 6. 19. 1 9 7 5 -Q 1 . . . | - Q 2 ...| - Q 3 ...I - Q 4 ...| 64. 63. 63. 63. 10. 116. 18. 56. 70. 74. 64. 34. 19. 21. 18. ( 1 | | 27. 13. 11. 8. 30. 43. 51. 61. 14. 14. 4. 4. 6. 6. 3. 6. 46. 40. 44. 49. 8. 6. 6. 2. 24. 31. 32. 35. 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. | | | | 5. 7. 9. 10. 62. 63. 54. 55. 4. 3. 10. 12. ( ( 1 1 ( J ( ( I 40. 47. 47. 43. 1 9 7 6 -Q 1 . . . 1 - Q 2 ...I - Q 3 ...I - Q 4 ...I 42. 38. 42. 38. 4. 3. 1. 4. 49. 54. 46. 49. 6. 5. 10. 8. 28. 26. 30. 27. 3. 1. 0. 2. 53. 60. 58. 57. 16. 13. 12. 14. 1 9 7 7 - Q 1 ...| - Q 2 ...J - Q 3 ...I - Q 4 ...J 64. 63. 66. 68. I 1 1 | 1 1 1 I 1 i 1 1 ) | 1 17. 20. 16. 12. 64. 61. 55. 53. 18. 20. 29. 35. ( | | | 10. 7. 12. 11. 54. 56. 58. 58. 6. 7. 7. 8. 40. 45. 37. 37. 3. 2. 1. 0. 50. 44. 49. 54. 6. 9. 13. 8. 22. 23. 23. 22. 1. 0. 0. 1. 50. 44. 48. 52. 27. 33. 28. 25. 1 9 7 8 -Q 1 . . . | - Q 2 ...| - Q 3 ...J - Q 4 ...I 67. 67. 70. 71. 15. 12. 8. 6. 51. 58. 54. 48. 34. 31. 38. 46. | | | | 10. 12. 14. 19. 61. 66. 54. 49. 7. 9. 17. 19. 38. 43. 39. 37. 4. 2. 2. 2. 51. 49. 52. 50. 7. 7. 7. 10. 19. 23. 26. 21. 0. 2. 0. 2. 50. 48. 58. 63. 31. 26. 16. 15. 1 9 7 9 - Q 1 ...J - Q 2 ...I - Q 3 ...( ” Q 4 .. . | 70. 71. 73. 79. 3. 3. 2. 1- 50. 51. 40. 40. 47. 46. 58. 58. | | | | 19. 27. 32. 40. 45. 42. 34. 27. 13. 23. 26. 34. | | | 1 1 I 1 ( 1 1 | | 1 | 37. 28. 34. 34. 0. 2. 0. 1. 55. 59. 49. 46. 8. 12. 17. 19. 23. 20. 23. 25. 2. 2. 1. 1. 62. 64. 60. 54. 13. 14. 17. 19. 1 9 8 0 -Q 1 . . . | - Q 2 ...J - Q 3 .. . | -Q 4 . . . | 72. 72. 71. 68. 4. 4. 8. 25. 44. 45. 61. 66. 52. 51. 32. 10. | 1 | | 32. 39. 23. 12. 27. 11. 30. 56. 26. 43. 10. 2. 30. 29. 34. 38. 2. 0. 3. 7. 54. 51. 52. 50. 14. 20. 10. 4. 18. 9. 17. 25. 3. 1. 0. 3. 58. 47. 50. 61. 21. 43. 32. 11. 1 9 8 1 - Q 1 ...I - Q 2 ...| - Q 3 ...| - Q 4 ...I 64. 64. 65. 65. 57. 54. 56. 51. 5. 6. 9. 9. | | | | 4. 3. 3. 3. 59. 75. 66. 68. 5. 4. 5. 3. 37. 24. 26. 27. 9. 9. 15. 9. 52. 65. 55. 60. 2. 3. 4. 3. 23. 18. 16. 18. 3. 5. 7. 9. 53. 50. 53. 53. 21. 26. 24. 21. 1 9 8 2 - Q 1 ...I 63. 1 37| 40. 1 35. | 40. 1 1 41. _________ ! J ( ( 1 | I ( 1 49. 10. | 2. 67. 2. j 30. 11. 55. 4. 19. 7. 48. 26. 1 9 6 9 - Q 1 ...I - Q 2 ...1 - Q 3 .• • i - Q 4 ...| I 1 9 7 0 -Q 1 . . . | -Q 2 . . . | - Q 3 ...I 52. 56. 58. 59. 1971- Q 1 . . . | -Q 2 . . . | - Q 3 ...I -Q 4 -. . | 58. 59. 61. 60. 1 9 7 2 - Q 1 ...J - Q 2 .. . | - Q 3 ...I - Q 4 ...J 58. 58. 60. 59. 1 9 7 3 -Q 1 . . . | - Q 2 ...I - Q 3 ...| - Q 4 ...I 56. 58. 61. 59. 1 1 1 t 1 1 1 1 1 I 1 I 1 1 _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 *** **** ***** ***** *** ***** 87. 0. 88. 12. 12. 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. ***** ***** ***** *** *** **** 54. 45. 0. 47. 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 — 4 .• . | Q 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 1964— 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— 1 .. . | Q - 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 1977— 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— 1 . . . | Q - 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 I 1 ! ! | ! ! | | | | 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 1980— 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— 1 .• . | Q 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. **** ] **** **♦* 528. 8 .4 2 .5 6 .2 259. 991. - 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. 1981— 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 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. 1980— 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 . . . | 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 | 58. 55. 1 9 7 6 -Q 1 . . . | - Q 2 ...I - Q 3 ...I LONER THAN DESIRED 57. | 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 NONBANK AGENCIES, COMPARED HITH USUAL NUMBER LONER 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 | 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 1978— 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 LONER HIGHER 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 — 1 I - 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 . . . j I - Q 2 ...,| - Q 3 ... | - Q 4 ... | 1 1 9 8 1 - Q 1 . .. | - Q 2 .. . 1 - Q 3 ... | — 4 .• . | Q 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 1 REQUESTS 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 N 1 COMPARED NITH 1 COMPARED 1 ITH (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 ...| — 4 .• • j Q 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 — 1 . . • | Q _____________ 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. A in itia l saaple of 196 banks was selected priaarily froa aaong the 902 D istrict banks at n 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 t re o heavily. A total of 64 banks were selected in this aanner, of which 43 agreed to participate in the survey. O f 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 C O 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.