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AGRICULTURAL FINANCE
DATABOOK
November 1978
Monthly Series
Emanuel Melichar
Amy Brooks
Division of Research and Statistics
Board of Governors of the Federal Reserve System
Washington, D C. 20551
Not for general distribution. Inquiries should be addressed to the authors.
AGRICULTURAL FINANCE DATABOOK—MONTHLY SERIES
NOVEMBER 1978
SECTION
200
PAGE
FARM LENDING OPERATIONS AND EXPERIENCE OF NONBANK INSTITUTIONS
210
PRODUCTION CREDIT ASSOCIATIONS
....3
220
FEDERAL LAND BANKS
...10
230
LIFE INSURANCE COMPANIES
...18
300
AGRICULTURAL BANKING DATA
RECENT FEDERAL RESERVE PUBLICATIONS IN AGRICULTURAL FINANCE...
28
OVERVIEW
In October, new loans outstanding at PCA's began their seasonal decline.
Collections rose
again, maintaining a strong showing of over a year, and offsetting the increases in new loan volume.
The recent level of new loans is unusual, exceeding very high summer levels.
New lending at FLB's has also picked up in recent months, as compared with last year.
twelve-month moving total of loans closed has entered a new high range of values.
The
Repayments as a
percentage of loans outstanding remained at a fairly low level, in contrast to higher proportions in
1977.
Farm mortgage loans outstanding at life insurance companies surpassed $10 billion in September,
up 19 per cent from a year earlier and up by over 80 per cent since the turnaround in early 1972.
Final call report data for June 1978 show that farm non-real-estate loans at commercial banks
totaled $27.0 billion, up 5.4 per cent from a year earlier (Table 301.1).
loans outstanding at PCA's rose by 4.1 per cent.
During the same period,
Rural bank liquidity in the four areas where monthly
figures are provided remained low, with average loan/deposit ratios remaining high for November (Tables
311 and 312).
#
#
Seasonal borrowing at the Federal Reserve discount window began to decline in November.
«
#
#
#
*
#
#
*
#
4
AGRICULTURAL FINANCE DATABOOK—MONTHLY SERIES
21C
NOVEMBER 1978
PRODUCTION CREDIT ASSOCIATIONS (AGRICULTURAL LOANS, EXCEPT AS NOTED)
211
LOANS OUTSTANDING
211.1
211.2
212
ACTUAL
12-MONTH MOVING TOTAL
RENEWALS AND COLLECTIONS
213.1
213.3
SOURCE:
!
LOANS MADE AND NEW LOANS
212.1
212.3
213
ACTUAL
SEASONALLY ADJUSTED
ACTUAL
12—MONTH MOVING TOTAL
"PRODUCTION CREDIT ASSOCIATIONS—SELECTED MONTHLY LOAN DATA,"
TECHNICAL SERVICES DIVISION, FARM CREDIT ADMINISTRATION.
DATA IN THIS SECTION ARE OBTAINED FROM TIMELY MONTHLY REPORTS WHICH ARE NOT
REVISED TO REFLECT ANY SUBSEQUENT CHANGES OR CORRECTIONS.
IF ONLY YEAR-END
DATA ON OUTSTANDING LOAN VOLUME ARE REQUIRED, USE THE SERIES IN SECTION 100
OF THE A G R I C U L T U R A L FIMAMLE_DATAM3jQjlzzA^Ml!Al_^fRll^, NOVEMBER 197 7.
DATA ON LOANS OUTSTANDING AND LOANS MADE DO NOT
FARM-RELATED BUSINESS LOANS, OR AQUATIC LOANS.
RENEWALS DO INCLUDE THESE LOANS; HOWEVER, THESE
ONLY 1.0 PER CENT OF TOTAL OUTSTANDING LOANS AT
INCLUDE RURAL HOME LOANS,
DATA ON COLLECTIONS AND
TYPES OF LOANS REPRESENTED
PC A 1 S AS OF DECEMBER 197 7.
FOR A BRIEF DISCUSSION OF THE ANALYTICAL VALUE OF THESE DATA, SEE THE SECTION
ENTITLED "LENDING EXPERIENCE OF NONBANK INSTITUTIONS" IN "OVERALL MEASURES OF
FINANCIAL PERFORMANCE," 3Y EMANUEL MEL ICHAR, AGRICU1 TURAj FI NANCE REVIEW.
FEBRUARY 1977, PP. 92-95.
TABLE 211.1
PRODUCTION CREDIT ASSOCIATIONS
LOANS OUTSTANDING
(END OF MONTH)
AMOUNT
MILLIONS OF DOLLARS
END
OF
MONTH
CHANGE FROM PREVIOUS
MONTH
|
YEAR
BORROWERS
PERCENTAGE CHANGE
FROM PREVIOUS
10711.1
10823.2
11117.2
11420.9
11706.7
12005.6
12190.8
12319.4
12321.4
12170.4
11980.8
12196.4
-30.4
112.0
294.0
303.7
285.8
298.9
185.1
128.6
2.0
-151.0
-189.6
215.6
|
|
I
|
|
|
|
|
1
|
|
|
1164.5
1079.6
1106.2
1190.9
1235.2
1302.8
1378.1
1510.7
1584.2
1599.8
1528.7
1454.8
-0.3
1.0
2.7
2.7
2.5
2.6
1.5
1.1
0.0
-1.2
— 1.6
1.8
1977—J AIM. . .
—FEB.•.
—MAR...
-APR...
—MAY...
-JUN...
—JUL.. •
—AUG.. .
—SEP.. .
-OCT...
-NOV...
—DEC...
12140.2
12272.9
12583.0
12929.3
13332.9
13748.9
14038.0
14132.5
14069.3
13788.7
13471.3
13454.3
-56.1
132.7
310.1
346.3
403.6
416.0
289.1
94.5
-63.2
-280.5
-317.4
-17.0
1429.1
1449.7
1465.8
1508.5
1626.2
1743.3
1847.2
1813.1
1747.9
1618.4
1490.5
1257.9
-0.5
1.1
2.5
2.8
3.1
3.1
2.1
0.7
-0.4
-2.0
-2.3
-0.1
1978—JAN...
—FEB.•.
—MAR...
-APR...
-MAY...
—JUN...
—JUL...
—AUG...
-SEP...
-OCT...
13233.3
13273.6
13426.8
13629.8
13909.1
14312.1
14651.5
14846.1
14954.7
14743.5
-220.9
40.3
153.2
203.0
279.3
403.0
339.4
194.5
108.6
-211.2
|
1
|
|
|
|
|
I
|
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|
I
1
|
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|
|
|
|
1093.1
1000.7
843.8
700.5
576.2
563.2
613.5
713.6
885.4
954.8
-1.6
0.3
1.2
1.5
2.0
2.9
2.4
1.3
0.7
-1.4
PERCENTAGE
CHANGE
FROM
PREVIOUS
YEAR
THOUSANDS
YEAR
1976-JAN...
-FEB..•
—M AR...
—APR..e
— MAY ...
— J UN...
-JUL...
-AUG.. .
-SEP.. .
-OCT...
-NOV...
-DEC...
|
|
|
|
|
|
I
1
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I
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|
|
1
|
I
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|
|
|
|
|
|
12.2
11.1
11.0
11.6
11.8
12.2
12.7
14.0
14.8
15.1
14.6
13.5
13.3
13.4
13.2
13.2
13.9
14.5
15.2
14.7
14.2
13.3
12.4
10.3
9.0
8.2
6.7
5.4
4.3
4.1
4.4
5.0
6.3
6.9
|
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j
|
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j
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|
328.1
330.4
334.3
337.7
340.2
342.0
342.9
342.9
341.9
339.6
336.6
335.6
AVERAGE SIZE
DOLLARS
-0.7
-0.2
0.2
0.9
0.9
1.0
1.2
1.4
1.6
1.9
2.1
2.1
|
|
|
|
|
|
|
|
|
|
|
I
32646.
32761.
33250.
33815.
34415.
35106.
35552.
35926.
36036.
35837.
35591.
36338.
335.3
337.4
341.7
345.5
348.4
350.4
351.3
351.2
350.6
347.9
344.9
342.8
|
|
I
|
I
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
2.2
2.1
2.2
2.3
2.4
2.5
2.4
2.4
2.5
2.4
2.4
2.1
I
I
1
|
|
|
|
|
|
|
|
|
36207.
36373.
36828.
37424.
38266.
39233.
39961.
40237.
40130.
39637.
39064.
39253.
341.2
341.7
343.7
346.2
348.0
349.3
350.5
351.3
350.8
348.8
|
|
|
|
1
|
|
|
|
|
1.8
1.3
0.6
0.2
-0.1
-0.3
-0.2
0.0
0.1
0.3
|
|
|
I
|
|
|
|
|
|
38788.
38850.
39067.
39366.
39971.
40971.
41806.
42261.
42625.
42274.
PERCENTAGE
CHANGE
FROM
PREVIOUS
YEAR
|
|
|
|
|
|
|
|
|
|
1
|
1
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|
|
13.0
11.3
10.8
10.6
10.8
11.0
11.4
12.4
13.0
12.9
12.3
11.2
10.9
11.0
10.8
10.7
11.2
11.8
12.4
12.0
11.4
10.6
9.8
8.0
7.1
6.8
6.1
5.2
4.5
4.4
4.6
5.0
6.2
6.7
TABLE 211.2
PRODUCTION CREDIT ASSOCIATIONS
LOANS OUTSTANDING
SEASONALLY ADJUSTED DATA
(END OF MONTH)
AMOUNT
MILLIONS OF DOLLARS
1
1
1
END
OF
MONTH
CHANGE FROM PREVIOUS
MONTH
|
YEAR
1976—J AN.. . |
-FEB...j
-MAR...|
—APR...|
— MAY... I
—JUN...I
—JUL...|
—AUG*..|
-SEP...I
—OCT... I
-NOV...I
-DEC...I
11056.6
11134.6
11262.6
11399.1
11508.0
11635.6
11789.1
11984.9
12118.4
12259.0
12351.4
12428.6
111.1
78.0
128.0
136.4
108.9
127.7
153.5
195.8
133.5
140.7
92.4
77.1
|
|
1
|
|
|
1
I
J
|
|
|
1209.0
1129.4
1145.7
1212.2
1230.7
1278.2
1322.5
1451.3
1543.6
1601.5
1568.8
1483.0
1977—J AN...|
-FEB...|
-MAR...|
-APR...|
-MAY...|
-JUN...I
—JUL...1
—AUG...|
-SEP...|
—OCT...1
-NOV...I
-DEC...|
12530.9
12633.6
12758.5
12917.3
13113.6
13331.6
13570.7
13737.5
13835.5
13889.9
13892.2
13716.7
102.4
102.7
124.9
158.8
196.4
217.9
239.2
166.8
98.0
54.4
2.2
-175.5
197 8-JAN...!
-FEB...|
-MAR...|
-APR...I
-MAY...|
-JUN...|
—JUL ...|
-AUG...I
-SEP...I
—OCT ...|
13658.7
13667.7
13619.9
13623.8
13684.1
13881.0
14161.4
14425.2
14705.2
14852.1
-58.0
9.0
-47.8
3.9
60.3
197.0
280.3
263.9
280.0
146.9
|
|
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|
|
|
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I
|
1
|
I
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I
I
|
I
|
BORROWERS
PERCENTAGE CHANGE
FROM PREVIOUS
THOUSANDS
YEAR
12.3
11.3
11.3
11.9
AVERAGE SIZE
PERCENTAGE
CHANGE
FROM
PREVIOUS
YEAR
-0.7
12.3
12.6
13.8
14.6
15.0
14.5
13.5
334.8
334.8
335.1
335.6
336.3
336.9
337.7
338.5
339.1
340.3
341.5
341.4
1474.3
1499.0
1495.9
1518.2
1605.7
1696.0
1781.6
1752.6
1717.2
1630.9
1540.7
1288.1
13.3
13.5
13.3
13.3
14.0
14.6
15. 1
14.6
14.2
13.3
12.5
10.4
342.1
342.0
342.6
343.4
344.6
345.3
346.1
346.8
347.9
348.6
349.8
348.7
2.2
1127.8
1034.2
861.4
706.5
570.5
549.5
590.6
687.7
869.7
962.2
9.0
348.0
346.3
344.6
344.1
344.2
344.3
345.3
346.9
348.2
349.5
12.0
8.2
6.8
5. 5
4.4
4* 1
4.4
5.0
6.3
6.9
-0.1
0.3
1.0
1.0
1.1
1.3
1.4
1.6
1.9
2.0
2. 1
2.1
2.2
2.3
2.5
2.5
2.5
2.4
2.6
2.4
2.4
2. 1
1.7
1.3
0.6
0.2
-0.1
-0.3
-0.2
0.0
0.1
0.3
DOLLARS
33023.
33256.
33605.
33965.
34218.
34540.
34911.
35401.
35735.
36019.
36172.
36401.
36634.
36945.
37246.
37620.
38057.
38606.
39215.
39608.
39774.
39840.
39712.
39331.
39250.
39472.
39522.
39588.
39757.
40319.
41012.
41578.
42236.
42492.
PERCENTAGE
CHANGE
FROM
PREVIOUS
YEAR
13.1
11.4
11.0
10.8
10.9
11.1
11.2
12.2
12.8
12.9
12.3
11.2
10.9
11.1
10.8
10.8
11.2
11.8
12.3
11.9
11.3
10.6
9.8
8.0
7.1
6.8
6.1
5.2
4.5
4.4
4.6
5.0
6.2
6.7
TABLE 212.1
6
PRODUCTION CREDIT ASSOCIATIONS
LOANS MADE AND NEW LOANS
LOANS MADE
MILLIONS |
OF
|
DOLLARS |
1
1976-JAN
-FEB,..
-MAR...
-APR...
—MAY...
—J UN...
-JUL...
-AUG.. .
-SEP...
-OCT...
-NOV...
—DEC ...
1794.8
1594.0
1932.3
1714.3
1412.4
1438.6
1177.3
1178.1
1168.5
1210.5
1487.8
2146.9
197 7—J AN...
-FEB...
-MAR...
—APR...
-MAY...
—J UN...
-JUL...
-AUG...
-SEP...
-OCT...
-NOV...
— DEC...
1973.7
1830.1
2196.2
1874.2
1652.2
1614.8
1292.0
1281.2
1284.4
1325.8
1545.4
2179.1
1978—J AN...
-FEB...
—MAR...
-APR...
—MAY...
-JUN...
—JUL...
-AUG...
-SEP...
-OCT...
2054.0
1911.6
2414.1
2027.6
1909.4
1788.1
1544.2
1595.9
1576.7
1803.8
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I
1
1
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I
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!
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I
I
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
-11.2
-11.2
21.2
-11.3
-17.6
1.9
-18.2
0.1
-0.8
3.6
22.9
44.3
I
YEAR
NEW LOANS
AS PERCENTAGE OF
LOANS OUT-|
STANDING*!
13.6
12.8
32.6
18.3
12.3
19.1
3.6
20.1
9.9
-2.0
24.5
6.2
16.7
14.9
17.9
15.4
12.4
12.3
9.8
9.7
9.5
9.8
12.2
17.9
-8.1
-7.3
20.0
-14.7
-11.8
-2.3
-20.0
-0.8
0.2
3.2
16.6
41.0
I
!
I
I
1
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!
|
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1
|
1
\
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|
1
1
I
I
10.0
14.8
13.7
9.3
17.0
12.3
9.7
8.8
9.9
9.5
3.9
1.5
16.2
15.1
17.9
14.9
12.8
12.1
9.4
9.1
9.1
9.4
11.2
16.2
-5.7
-6.9
26.3
-16.0
-5.8
-6.4
-13.6
3.4
-1.2
14.4
|
I
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1
|
1
I
i
|
4.1
4.5
9.9
8.2
15.6
10.7
19.5
24.6
22.8
36.0
15.3
14.4
18.2
15.1
14.0
12.9
10.8
10.9
10.6
12.1
|
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I
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1
I
I
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1
I
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1
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I
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I
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1
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I
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I
I
I
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|
1 MILLIONS
OF
COLL EC- I DOLLARS
TIONS
1
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
|
YEAR
169.0
205.4
221.8
206.3
193.3
173.6
162.8
153.0
131.0
114.8
122.7
189.0
|
|
|
|
|
|
|
|
I
|
|
I
1030.5
887.3
1170.0
1139.1
1021.3
1129.6
911 .9
896.1
895.6
904.2
1025.0
1358.7
-21.6
1.0
— 0.8
167.9
209.0
218.7
216.7
206.3
198.5
181.5
144.9
125.5
103.5
112.6
160.6
|
|
|
|
|
|
|
|
|
|
|
|
1122.1
1007.5
1309.9
1211.3
1203 .5
1227.3
-17.4
8.9
13.5
146.5
190.9
190.8
187.5
174.0
176.4
174.8
151.4
138.7
110.2
|
|
|
|
|
1
1
|
|
|
1176.5
1040.3
1447.3
1285.2
1374.3
1408.7
1217.5
1246.2
1238.2
1419.6
1000.6
979.2
961.8
998.9
1052.6
1345,0
-13.9
31.9
-2.6
-10.3
10.6
-19.3
-1.7
-0.1
13.4
32.6
-10.2
30.0
-7.5
— 0.6
2.0
-18.5
-2.1
-1.8
3.9
5.4
27.8
-12.5
-11.6
39.1
-11.2
6.9
2.5
-13.6
2.4
— 0.6
14.6
10.2
10.9
39.5
23.3
16.4
21.9
6.4
21.8
10.6
25.4
3.4
12.0
6.3
17.8
8.6
9.7
9.3
7.4
10.5
2.7
AS PERCENTAGE OF
LOANS OUTSTANDING*
9.6
8.3
10.8
10.2
8.9
9.6
7.6
7.4
7.3
7.3
8.4
11.3
9.2
8.3
10.7
9.6
9.3
9.2
7.3
7.0
6.8
7.1
7.6
-1.0
10.0
4.8
3.3
10.5
8.7
7.9
10.9
9.6
6.1
14.2
14.8
21.7
27.3
28.7
42.1
10.1
10.1
8.5
8.5
8.3
9.5
* OUTSTANDING LOANS AT END OF PRECEDING MONTH.
"NEW LOANS" ARE COMPUTED AS LOANS MADE LESS RENEWALS. RENEWALS INCLUDE SOME NONAGRICULTURAL LOANS (SEE NOTE ON PAGE 3).
TABLE 212.3
PRODUCTION CREDIT ASSOCIATIONS
LOANS MADE AND NEW LOANS
TWELVE-MONTH MOVING TOTAL
LOANS MADE
1 MILLIONS |
OF
|
1
I DOLLARS 1
1
1
1976-JAN...|
-FEB...|
-MAR...|
-APR...|
-MAY...I
-JUN...I
-JUL ...|
-AUG...I
-SEP...I
—OCT..•|
-N0V...1
-DEC...I
|
1977—J AN...|
-FEB...|
-MAR...I
-APR...|
-MAY...|
-JUN...|
-JUL...|
-AUG..•|
-SEP...|
-OCT...I
-NOV...I
-DEC...|
j
197 8-JAN...|
-FEB...|
-MAR...|
-APR...j
-MAY... |
-JUN...|
-JUL...j
—AUG...1
-SEP...I
-OCT...|
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
I
YEAR
16211.7
16393.2
16868.2
17133.2
17288.0
17519.0
17560.0
17757.2
17862.2
17837.4
18129.8
18255.5
|
|
|
|
|
|
|
|
|
|
|
|
1.3
1.1
2.9
1.6
0.9
1.3
0.2
1.1
0.6
-0.1
1.6
0.7
|
|
|
|
|
|
1
I
|
i
|
|
12.2
12.1
14.4
15.0
15.2
14.8
14.5
15.8
15.4
14.5
15.9
14.1
18434.4
18670.5
18934.5
19094.4
19334.2
19510.4
19625.1
19728.3
19844.1
19959.4
20017.1
20049.3
|
|
|
|
|
|
|
J
|
|
|
|
1
|
|
|
|
|
|
1
1
|
|
1.0
1.3
1.4
0.8
1.3
0.9
0.6
0.5
0.6
0.6
0.3
0.2
|
I
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
1
1
|
|
20129.6
20211.1
20428.9
20582.3
20839.5
21012.8
21264.9
21579.6
21871.9
22349.8
0.4
0.4
1.1
0.8
1.2
0.8
1.2
1.5
1.4
2.2
NEW LOANS
AS PERCENTAGE OF
LOANS OUTSTANDING*
155.8
156.1
159.3
160.4
160.4
COLLECTIONS
MILLIONS
OF
DOLLARS
PERCENTAGE CHANGE
FROM PREVIOUS
159.7
159.9
159.0
156.9
157.7
157.0
167.6
166.5
166.3
166.8
166.8
166.7
167.6
169.0
169.9
170.0
168.3
167.7
10843.6
10930.9
11261.9
11477.1
11621.1
11824.0
11878.8
12039.0
12124.5
12117.2
12324.7
12369.3
0.9
0.8
3.0
1.9
1.3
1.7
0.5
1.3
0.7
-0.1
1.7
0.4
13.7
13.9
12.2
11.4
11.8
11.4
11.8
11.1
11.1
11.9
10.4
9.8
156.9
157.3
158.0
157.7
158.0
157.7
156.8
155.7
154.8
153.9
152.8
151.6
167.6
168.2
168.5
169.5
170.5
172.3
173.5
172.7
171.7
169.4
167.6
164.8
12460.9
12581.0
12720.9
12793.0
12975.2
13072.9
13161.6
13244.7
13310.9
13405.7
13433.3
13419.6
0.7
1.0
1.1
0.6
1.4
0.8
0.7
0.6
0.5
0.7
0.2
-0.1
9.2
8.3
7.9
7.8
7.8
7.7
8.4
9.4
10.2
12.0
151.0
150.6
151.3
151.6
152.9
153.6
154.9
156.6
158.0
162.5
161.5
159.9
158.4
156.8
155.8
155.6
156.0
156.8
156.3
13474.0
13506.8
13644.2
13718.1
13888.9
14070.3
14287.2
14554.3
14830.7
15251.4
0.4
0.2
1.0
0.5
1.2
1.3
1.5
1.9
1.9
2.8
161.0
160.6
|
MONTH
|
|
|
I
|
|
|
|
|
|
|
|
j
|
|
I
|
|
|
|
|
1
|
|
|
j
|
|
|
|
|
|
|
|
j
|
YEAR
AS PERCENTAGE OF
LOANS OUTSTANDING*
8.7
9.1
12.6
14.4
15.6
15.5
15.4
17.2
16.9
15.8
17.1
15.1
104.2
104.1
106.4
107.4
107.8
108.6
108.1
108.4
107.9
106.6
107.2
106.4
14.9
15.1
13.0
11.5
11.7
10.6
10.8
10.0
9.8
10.6
9.0
8.5
8.1
7.4
7.3
7.2
7.0
7.6
8.6
9.9
11.4
13.8
COLLECTIONS
106.1
106.0
106.1
105.6
106.1
105.7
105.2
104.5
103.8
103.4
102.5
101.5
1
|
|
|
|
|
|
1
|
|
I
|
1
|
|
|
|
|
|
1
|
|
|
|
|
113.3
113.3
113.2
113.5
114.4
115.5
116.4
115.9
115.2
113.8
112.5
110.3
101.1
100.6
101.0
101.1
101.9
102.8
104.1
105.6
107.2
109.6
|
|
|
|
|
|
|
|
|
|
108.7
107.9
106.8
105.6
104.5
104.3
104.6
105.2
106.4
106.6
112.1
111.1
111.0
111.7
112.1
112.5
113.4
114.6
115.3
115.5
114.4
113.6
* AVERAGE OUTSTANDING LOANS DURING THE PRECEDING 12 MONTHS (AVERAGE OF END-OF-MONTH DATA).
DATA),
"NEW LOANS" ARE COMPUTED AS LOANS MADE LESS RENEWALS. RENEWALS INCLUDE SOME NONAGRICULTURAL LOANS (SEE NOTE ON PAGE 3).
7
TABLE 213.1
PRODUCTION CREDIT ASSOCIATIONS
RENEWALS AND COLLECTIONS
RENEWALS
MILLIONS I
OF
|
DOLLARS 1
1
1976—J AN.•
-FEB. .
-MAR..
-APR..
-MAY..
—JUN..
—JUL..
-AUG..
—SEP..
-OCT..
-NOV..
— DEC •.
1977—J AN..
-FEB..
-MAR..
-APR..
-MAY..
—J UN..
764.3
706.7
762.2
575.2
391.1
309.0
265.4
282.0
273.0
306.4
462.8
788.3
—AUG..
-SEP..
—OCT..
-NOV..
-DEC..
851.6
822.7
886.4
662.9
448.7
387.6
291.4
302.1
322.6
326.9
492.8
834.2
1978—J AN..
-FEB..
-MAR..
-APR..
-MAY..
-JUN..
-JUL..
-AUG..
-SEP..
-OCT..
877.5
871.4
966.7
742.5
535.1
379.4
326.6
349.7
338.4
384.2
—JUL..
I
|
1
1
|
|
|
|
|
|
|
|
|
|
|
j
|
1
|
1
|
|
J
|
|
|
|
|
J
I
1
|
|
I
|
I
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
8.1
-7.5
7.9
-24.5
-32.0
-21.0
-14.1
6.2
-3.2
12.2
51.1
70.3
8.0
-3.4
7.7
-25.2
-32.3
-13.6
-24.8
3.7
6.8
1.3
50.8
69.3
5.2
-0.7
10.9
-23.2
-27.9
-29.1
-13.9
7.1
-3.2
13.5
|
I
I
|
|
|
I
|
|
I
|
1
|
j
|
|
|
1
|
|
\
|
|
|
|
I
|
|
|
\
1
|
I
I
I
|
|
YEAR
1
I
AS PERCENTAGE OF
| MILLIONS
OF
1
LOANS OUTLOANS
COLLECT. &| DOLLARS
STANDING*
MADE
RENEWALS |
18.5
15.4
23.3
9.5
2.8
10.0
-4.9
15.1
7.7
-5.4
22.5
11.5
7.1
6.6
7.0
5.2
3.4
2.6
2.2
2.3
2.2
2.5
3.8
6.6
42.6
44.3
39.4
33.6
27.7
21.5
22.5
23.9
23.4
25.3
31.1
36.7
41.8
47.7
46.7
40.9
34.9
27.2
26.8
26.8
23.4
22.5
27.6
41.0
11.4
16.4
16.3
15.2
14.7
25.4
9.8
7.1
18.2
6.7
6.5
5.8
7.0
6.8
7.2
5.3
3.5
2.9
2.1
2.2
2.3
2.3
3.6
6.2
43.1
45.0
40.4
35.4
27.2
24.0
22.6
23.6
25.1
24.7
31.9
38.3
42.0
48.4
46.9
43.4
35.9
32.3
29.0
25.5
24.0
20.3
26.4
38.1
3.0
5.9
9.1
12.0
19.3
-2.1
12.1
15.8
4.9
17.5
6.5
6.6
7.3
5.5
3.9
2.7
2.3
2.4
2.3
2.6
42.7
45.6
40.0
36.6
28.0
21.2
21.2
21.9
21.5
21.3
38.5
46.5
43.3
40.7
32.8
27.2
27.0
24.9
22.9
19.0
|
|
(
|
|
|
|
1
j
|
|
|
1
|
|
|
|
|
|
|
|
j
|
|
|
1
|
I
I
|
|
1
|
|
|
|
* OUTSTANDING LOANS AT END OF PRECEDING MONTH.
RENEWALS AND COLLECTIONS INCLUDE SOME NONAGRICULTURAL LOANS (SEE NOTE ON PAGE 3).
COLLECTIONS
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
|
YEAR
1062.2
775.9
871.3
831.2
730.7
828.5
723.4
769.8
892.2
1054.8
1212.4
1135.8
4.3
-27.0
12.3
-4.6
-12.1
13.4
-12.7
6.4
15.9
-4.4
4.2
0.9
14.9
-6.3
29.6
11.5
1175.3
875.5
1004.4
865.0
800.8
813.7
711.8
884.4
1023.3
1281.0
1372.0
1356.7
3.5
-25.5
14.7
-13.9
-7.4
1402.0
1001.5
1265.1
1081.4
1097.5
1014.0
883.2
1054.2
1136.5
1636.2
18.2
1.6
-12.5
24.3
15.7
25.2
7.1
-1.1
3.3
-28.6
26.3
-14.5
1.5
-7.6
-12.9
19.4
7.8
44.0
18.9
28.6
52.1
18.7
15.0
20.8
-2.0
10.6
12.8
15.3
4.1
9.6
-1.8
— 1.6
14.9
14.7
21.4
13.2
19.5
19.3
14.4
26.0
25.0
37.0
24.6
24.1
19.2
11.1
27.7
AS PERCENTAGE OF |
LOANS OUT-|
STANDING*!
TABLE 213.3
PRODUCTION CREDIT ASSOCIATIONS
RENEWALS AND COLLECTIONS
TWELVE-MONTH MOVING TOTAL
RENEWALS
1 MILLIONS |
OF
|
1
1 DOLLARS |
1
1
1976—JAN...|
-FEB...!
-MAR.•.j
-APR...I
-MAY...I
-JUN...I
-JUL...I
-AUG...|
-SEP... I
-OCT...|
-NOV...|
-DEC...|
j
1977—JAN...|
-FEB...j
-MAR...|
-APR...j
-MAY...|
-JUN...|
—JUL...I
-AUG...!
-SEP...I
-OCT...!
-NOV...I
-DEC...|
j
1978-J AN... |
-FEB... 1
-MAR...I
-APR...|
-MAY...!
-JUN...I
-JUL...;
-AUG...I
-SEP...;
-OCT...|
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
1
5368.1
5462.3
5606.3
5656.1
5666.9
5695.0
5681.2
5718.3
5737.7
5720.3
5805.1
5886.3
|
1
1
1
J
|
|
|
1
|
|
|
2.3
1.8
2.6
0.9
0.2
0.5
-0.2
0.7
0.3
-0.3
1.5
1.4
5973.6
6089.5
6213.6
6301.4
6358.9
6437.5
6463.5
6483.6
6533.2
6553.8
6583.8
6629.7
1
|
1
|
|
|
1
|
|
|
|
|
1.5
1.9
2.0
1.4
0.9
1.2
0.4
0.3
0.8
0.3
0.5
0.7
6655.6
6704.3
6784.7
6864.2
6950.6
6942.5
6977.7
7025.4
7041.2
7 098.5
;
|
J
I
*
|
1
|
J
|
0.4
;
0.7
1.2
1.2
1.3
-0.1
0.5
0.7
0.2
0.8
|
|
;
1
|
|
1
1
i
;
1
|
|
1
1
1
!
1
i
|
1
|
|
1
1
1
;
I
1
1
1
|
|
|
YEAR
COLLECTIONS
AS PERCENTAGE OF
]F
LOANS OUTSTANDING*
LOANS
MADE
COLLECT. &
RENEWALS
MILLIONS I
OF
*
DOLLARS |
1
20.1
18.6
18.2
16.2
14.4
13.5
12.6
12.7
12.6
11.8
13.4
12.1
51.6
52.0
52.9
53.0
52.6
52.3
51.7
51.5
51.1
50.3
50.5
50.6
33.1
33.3
33.2
33.0
32.8
32.5
32.4
32.2
32.1
32.1
32.0
32.2
35.7
35.7
35.6
35.5
35.3
35.1
35.2
35.2
35.3
35.3
35.0
35.1
9670.4
9843.1
10141.5
10272.2
10367.2
10509.8
10476.7
10507.8
10516.1
10494.3
10771.0
10888.2
11.3
11.5
10.8
11.4
12.2
13.0
13.8
13.4
13.9
14.6
13.4
12.6
50.9
51.3
51.8
52.0
52.0
52.0
51.6
51.2
51.0
50.5
50.3
50.1
32.4
32.6
32.8
33.0
32.9
33.0
32.9
32.9
32.9
32.8
32.9
33.1
35.2
35.4
35.6
35.9
35.9
36.2
36.4
36.2
36.1
35.7
35.5
35.3
11001.2
11100.8
11233.9
11267.7
11337.8
11323.1
11311.5
11426.1
11557.3
11783.4
11942.9
12163.9
11.4
10.1
9.2
8.9
9.3
7.8
8.0
8.4
7.8
8.3
49.9
50.0
50.2
50.6
51.0
50.7
50.8
51.0
50.9
51.0
33.1
33.2
33.2
33.4
33.4
33.0
32.8
32.6
32.2
31.8
34.9
34.9
34.7
34.6
34.3
34.0
33.8
33.7
33.6
33.2
12390.6
12516.7
12777.4
12993.9
13290.6
13490.8
13662.2
13832.0
13945.2
14300.4
|
1
|
1
|
|
i
|
|
|
|
|
j
1
|
|
|
|
|
1
i
|
|
|
1
j
|
|
|
|
1
;
|
|
|
|
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
|
YEAR
AS PERCENTAGE OF
LOANS OUTSTANDING*
1.8
1.8
3.0
1.3
0.9
1.4
-0.3
0.3
0.1
-0.2
2.6
1.1
|
|
|
1
1
|
1
*
|
|
|
|
18.4
20.4
24.6
24.6
24.1
22.7
20.2
19.2
16.1
14.0
15.8
14.6
93.0
93.7
95.8
96.2
96.2
96.6
95.3
94.6
93.6
92.3
93.7
93.7
1.0
0.9
1.2
0.3
0.6
-0.1
-0.1
1.0
1.1
2.0
1.4
1.8
1
|
|
1
I
1
|
|
1
*
1
|
13.8
12.8
10.8
9.7
9.4
7.7
8.0
8.7
9.9
12.3
10.9
11.7
93.7
93.6
93.7
93.1
92.7
91.5
90.4
90.2
90.1
90.9
91.2
92.0
1.9
1.0
2.1
1.7
2.3
1.5
1.3
1.2
0.8
2.5
1
1
|
1
|
|
|
1
|
1
12.6
12.8
13.7
15.3
17.2
19.1
20.8
21.1
20.7
21.4
93.0
93.3
94.6
95.7
97.5
98.6
99.5
100.4
100.8
102.8
* AVERAGE OUTSTANDING LOANS DURING THE PRECEDING 12 MONTHS (AVERAGE OF END-OF-MONTH DATA),
RENEWALS AND COLLECTIONS INCLUDE SOME NONAGRI CULTURAL LOANS (SEE NOTE ON PAGE 3).
9
AGRICULTURAL FINANCE DATABOOK—MONTHLY SERIES
220
NOVEMBER 1978
FEDERAL LAND BANKS (AGRICULTURAL LOANS)
221
LOANS OUTSTANDING
221.1
222
LOANS CLOSED
222.1
222.3
223
ACTUAL
12-MONTH MOVING TOTAL
REFINANCING AND REPAYMENTS
224.1
224.3
SOURCE:
ACTUAL
12-MONTH MOVING TOTAL
NEW MONEY LOANED
223.1
223.3
224
ACTUAL
ACTUAL
12-MONTH MOVING TOTAL
!.!!l7
"FEDERAL LAND BANKS—SUMMARY OF SELECTED MONTHLY LOAN DATA,"
TECHNICAL SERVICES DIVISION, FARM CREDIT ADMINISTRATION.
DATA IN THIS SECTION ARE OBTAINED FROM TIMELY MONTHLY REPORTS WHICH ARE NOT
REVISED TO REFLECT ANY SUBSEQUENT CHANGES OR CORRECTIONS. IF ONLY YEAR-END
DATA ON OUTSTANDING LOAN VOLUME ARE REQUIRED, USE THE SERIES IN SECTION 100
QF THE A£R1£ULTU&AL_E1NANCE DATABOOK—ANNlJftl SFRIF%. NOVEMBER 1977.
#
•
TABLE 221.1
FEDERAL LAND BANKS
LOANS OUTSTANDING
(END OF MONTH)
AMOUNT
MILLIONS OF DOLLARS
OUTSTANDING
1
CHANGE FROM PREVIOUS
1
MONTH
|
YEAR
NUMBER
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
1976—J AN.. .1
-FEB...|
-MAR...1
-APR.••|
—MAY... I
-JUN...I
-JUL...I
-AUG...1
—SEP...|
—OCT... I
-NOV...I
—DEC..•|
16189.9
16369.6
16699.9
16946.2
17159.6
17403.2
17622.7
17806.2
17982.2
18147.7
18320.3
18524.2
|
|
|
|
|
|
|
|
|
|
I
|
176.1
179.7
330.3
246.4
213.3
243.6
219.5
183.5
176.0
165.5
172.6
203.9
|
2533.7
|
2489.9
|
2520.7
|
2505.2
2466.7
I
|
2464.9
|
2477.9
|
2473.6
2464.3
1
J
2436.0
| » 2483.1
|
2510.4
1.1
1.1
2.0
1.5
1.3
1.4
1.3
1.0
1.0
0.9
1.0
1.1
1977—JAN...|
-FEB...1
-MAR...I
-APR...|
-MAY...|
-JUN...1
—JUL... I
-AUG...I
-SEP...|
—OCT... I
-NOV...I
—DEC...|
|
1978-JAN...I
-FEB...|
—MAR ...|
-APR...|
-MAY...|
-JUN...I
-JUL...1
-AUG...I
-SEP...!
-OCT...|
18692.7
18921.9
19330.8
19625.0
19916.8
20190.2
20440.8
20658.0
20873.7
21057.0
21258.2
21464.9
|
|
|
I
1
1
|
|
|
|
|
|
168.5
229.2
409.0
294.2
291.8
273.4
250.6
217.2
215.7
183.3
201.2
206.6
|
|
|
|
I
|
|
|
|
|
I
|
2502.8
2552.3
2631.0
2678.8
2757.3
2787.0
2818.1
2851.8
2891.5
2909.3
2938.0
2940.7
0.9
1.2
2.2
1.5
1.5
1.4
1.2
1.1
1.0
0.9
1.0
1.0
21672.2
21895.7
22234.1
22480.7
22806.7
23130.7
23394.6
23677.6
23938.7
24210.9
1
|
I
|
1
|
|
|
|
|
207.3
223.5
338.4
246.6
326.0
324.0
263.9
283.0
261.1
272.3
|
I
|
|
I
1
|
|
I
I
2979.5
2973.8
2903.3
2855.7
2889.9
2940.4
2953.7
3019.6
3064.9
3153.9
1.0
1.0
1.5
1.1
1.4
1.4
1.1
1.2
1.1
1.1
|
1
1
j
|
|
|
I
|
I
I
|
|
I
j
|
|
I
I
|
|
|
|
|
|
I
1
j
I
|
|
!
|
|
I
|
I
I
YEAR
|
i
PERCENTAGE!
THOUSANDS
CHANGE
|
FROM LAST!
YEAR
|
1
AVERAGE SIZE
DOLLARS
PERCENTAGE
CHANGE
FROM LAST
YEAR
18.6
17.9
17.8
17.3
16.8
16.5
16.4
16.1
15.9
15. 5
15.7
15.7
443.2
443.7
445.1
446.0
447.0
448.2
449.0
449.9
450.4
450.7
450.6
450.8
3.1
2.8
2.7
2.5
2.3
2.2
2.1
2.0
1.9
1.9
1.8
1.8
|
I
1
|
1
|
|
|
|
1
|
|
36533.
36895.
37522.
37998.
38389.
38832.
39246.
39581.
39924.
40267.
40662.
41088.
15.0
14.7
14.7
14.5
14.2
14.0
14.0
13.8
13.7
13.4
13.6
13.6
15.5
15.6
15.8
15.8
16.1
16.0
16.0
16.0
16.1
16.0
16.0
15.9
450.9
451.5
452.9
453.8
454.8
456.0
457.0
457.8
458.6
459.1
459.3
459.5
1.7
1.8
1.8
1.8
1.7
1.8
1.8
1.8
1.8
1.9
1.9
1.9
|
|
|
|
|
1
|
!
|
|
|
!
41457.
41909.
42684.
43243.
43792.
44273.
44732.
45124.
45519.
45868.
46289.
46711.
13.5
13.6
13.8
13.8
14.1
14.0
14.0
14.0
14.0
13.9
13.8
13.7
15.9
15.7
15.0
14.6
14.5
14.6
14.5
14.6
14.7
15.0
459.8
460.4
461.3
461.8
463.1
464.6
465.8
467.2
468.4
469.5
2.0
2.0
1.9
1.8
1.8
1.9
1.9
2.1
2.1
2.3
|
|
1
|
|
j
|
|
1
!
47136.
47559.
48193.
48680.
49247.
49787.
50225.
50677.
51104.
51564.
13.7
13.5
12.9
12.6
12.5
12.5
12.3
12.3
12.3
12.4
TABLE 222.1
FEDERAL LAND BANKS
LOANS CLOSED
AMOUNT
MILLIONS
OF
DOLLARS
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
1976-J AN•
-FEB.
—MAR.
-APR.
-MAY.
-JUN.
-JUL.
-AUG.
-SEP.
-OCT.
-NOV.
-DEC.
392.9
346.8
527.6
436.4
363.7
405.0
367.1
320.7
323.2
313.6
350.6
437.6
1977-JAN.
-FEB.
-MAR.
-APR.
-MAY.
-JUN.
—JUL.
—AUG.
-SEP.
-OCT.
-NOV.
-DEC.
463.7
429.5
679.0
521.3
518.3
506.0
492.2
402.9
379.8
358.6
418.9
448.9
1978-JAN.
-FEB.
-MAR.
-APR.
-MAY.
-JUN.
-JUL.
-AUG.
-SEP.
-OCT.
502.7
433.0
618.9
492.1
570.7
559.7
461.9
480.7
454.9
485.9
NUMBER
|
YEAR
4.8
-11.7
52.1
-17.3
-16.7
11.4
-9.4
-12.6
0.8
-3.0
11.8
24.8
6.0
-7.4
58.1
-23.2
-0.6
-2.4
-2.7
-18.2
-5.7
-5.6
16.8
7.2
12.0
-13.9
42.9
-20.5
16.0
-1.9
-17.5
4.1
-5.4
6. 8
* OUTSTANDING LOANS AT END OF PRECEDING MONTH
THOUSANDS
AVERAGE SIZE
PERCENTAGE!
CHANGE
|
FROM LAST!
YEAR
|
4.8
4.5
6.4
5.4
4.9
5.2
4.5
4.4
4.2
4.1
4.5
5.0
-13.3
-12.6
11.2
-2.6
-8.3
0.9
-6.2
9.0
-3.0
-7.1
20.0
1.0
4.9
4.7
6.8
5.6
5.8
5.9
4.8
4.8
4.5
4.4
4.8
5.0
2.4
5.6
6.6
4.6
19.0
13.4
7.3
10.1
7.0
6.4
8.5
-0.9
4.9
4.5
5.9
4.9
5.9
5.9
4.8
5.3
4.7
5.2
-0.2
-4.7
-13.3
-12.8
1.2
0.5
1.3
10.9
4.4
19.9
1
|
|
1
|
|
1
I
I
|
I
|
1
|
I
|
|
|
|
1
I
I
|
|
|
i
|
|
|
I
|
|
I
|
|
|
AS PERCENTAGE OF
1 PERCENTAGE!
LOANS
1
DOLLARS 1 CHANGE
OUT|
1
I FROM LAST! STANDING*!
!
YEAR
1
1
REPAYMENTS
81586.
77645.
82736.
81166.
74546.
78265.
82357.
73457.
77572.
76534.
78511.
86699.
!
1
1
1
1
1
!
1
1
1
1
1
13.8
14.3
8.0
13.0
4.6
7.7
18.3
2.0
7.3
5.7
11.4
15.6
|
|
I
1
|
I
|
|
|
|
|
|
2.5
2.1
3.2
2.6
2.1
2.4
2.1
1.8
1.8
1.7
1.9
2.4
I
I
I
1
I
|
I
I
!
I
I
|
263.8
337.4
478.0
432.2
449.2
502.8
466 .1
442.0
407.4
381.7
330.2
309.2
94058.
91013.
99833.
92640.
89273.
86233.
102888.
83792.
85203.
82240.
86442.
89729.
1
1
1
1
1
1
1
1
1
1
I
1
15.3
17.2
20.7
14.1
19.8
10.2
24.9
14.1
9.8
7.5
10.1
3.5
1
1
|
|
|
1
|
1
1
1
|
|
2.5
2.3
3.6
2.7
2.6
2.5
2.4
2.0
1.8
1.7
2.0
2.1
I
|
I
I
I
I
I
I
|
I
|
|
223.4
367.1
475.2
475.5
457.7
403.8
374.2
435.2
516.3
389.3
340.3
301.0
102187.
96334.
104921.
100255.
97164.
94900.
95272.
90130.
97744.
92918.
1
1
1
1
1
1
1
1
1
1
8.6
5.8
5.1
8.2
8.8
10.1
-7.4
7.6
14.7
13.0
1
|
|
1
|
|
i
|
|
1
2.3
2.0
2.8
2.2
2.5
2.5
2.0
2.1
1.9
2.0
1
!
I
!
!
I
|
I
I
I
248.9
360.2
406.3
380.8
447.4
473.0
453.3
473.5
523.8
429.8
TABLE 222.3
FEDERAL LAND BANKS
LOANS CLOSED
TWELVE-MONTH MOVING TOTAL
I
I
AMOUNT
I MILLIONS
I
OF
I DOLLARS
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
1976—JAN
-FEB
-MAR
-APR
-MAY,
-JUN
-JUL
-AUG
-SEP
-OCT
-NOV
-DEC
..I
..I
..I
...I
4214.4
4214.2
4302.4
4342.1
4326.7
4359.2
4395.3
4427.6
4440.2
4434.2
4522.5
4585.3
1977-JAN.
—FEB.
-MAR.
-APR.
-MAY.
-JUN.
—J UL •- . 1
— AUG.
-SEP.
-OCT. ..I
-NOV. ..I
-DEC.
4656.1
4738.7
4890.1
4975.0
5129.6
5230.6
5355.7
5437.9
5494.4
5539.4
5607.7
5619.1
197 8—J AN.
-FEB.
-MAR.
-APR.
-MAY.
-JUN.
-JUL.
—AUG. ..I
-SEP. ..I
-OCT.
5658.0
5661.6
5601.5
5572.3
5624.7
5678.4
5648.1
5725.9
5801.0
5928.2
NUMBER
-0.1
-0.0
2.1
0.9
-0.4
|
YEAR
5.2
2.8
2.6
2.2
-0.1
1.5
1.4
3.3
5.0
5.2
5.0
1.4
8.7
0.8
0.8
0.7
0.3
2.0
1.5
1.8
3.2
1.7
3.1
8.2
10.5
12.4
13.7
14.6
18.6
2.0
20.0
1.0
0.8
1.2
0.2
23.7
24.9
24.0
22.5
0.7
21.5
19.5
14.5
12.0
9.7
2.4
1.5
0.1
-1.1
-0.5
0.9
1.0
-0.5
1.4
1.3
2.2
21.9
22.8
8.6
5.5
5.3
5.6
7.0
AVERAGE SIZE
1
PERCENTAGE|
THOUSANDS
CHANGE
[
FROM LASTI
YEAR
|
57.8
57.2
57.8
57.7
57.2
57.3
57.0
57.3
57.2
56.9
57.6
57.7
-7.9
-9.8
-9.2
-9.1
-9.2
-8.8
-8.4
-5.3
-4.8
-4.5
-1.6
-1.5
57.8
58.1
58.5
58.7
59.7
60.4
60.7
61.1
61.4
61.7
62.1
62.0
-0.0
1.5
1.1
1.8
4.2
5.4
6.5
6.6
7.3
8.4
7.7
7.5
62.0
61.8
60.9
60.2
60.2
60.3
60.3
60.8
61.0
61.9
7.3
6.4
4.1
2.4
0.9
-0.2
-0.6
-0.5
^0.6
0.4
|
1
|
|
|
|
|
I
|
1
|
I
|
|
|
|
|
|
1
|
|
|
|
|
|
1
|
|
|
|
1
|
|
|
|
|
DOLLARS
AS PERCENTAGE OF
PERCENTAGE!
LOANS
|
CHANGE
|
OUT|
FROM LASTI STANDING*!
YEAR
|
1
72886.
73701.
74412.
75288.
75600.
76105.
77136.
77212.
77608.
77932.
78459.
79480.
14.3
14.1
12.9
12.5
11.7
11.2
12.7
10.9
10.5
10.0
9.9
10.3
|
|
|
|
|
|
|
|
|
|
I
|
28.2
27.8
28.0
27.9
27.4
27.3
27.1
27.0
26.7
26.4
26.6
26.6
|
|
|
1
|
|
I
|
1
|
|
|
451.0
433.0
423.7
412.5
404.1
399.7
397.5
393.6
389.1
384.5
383.6
386.9
80548.
81622.
83619.
84707.
85983.
86669.
88264.
88970.
89470.
89819.
90369.
90616.
10.5
10.7
12.4
12.5
13.7
13.9
14.4
15.2
15.3
15.3
15.2
14.0
|
|
|
|
|
|
|
|
|
|
|
|
26.7
26.9
27.4
27.5
28.0
28.2
28.6
28.6
28.6
28.5
28.4
28.2
374.3
376.7
378.9
382.9
385.3
380.1
374.8
375.3
380.7
381.2
381.5
380.3
91260.
91648.
92020.
92634.
93400.
94245.
93642.
94112.
95040.
95762.
13.3
12.3
10.0
9.4
8.6
8.7
6.1
5.8
6.2
6.6
|
|
|
|
|
|
|
|
I
|
28.0
27.7
27.1
26.6
26.6
26.5
26.1
26.1
26.2
26.4
|
|
|
1
|
|
|
1
|
|
|
|
1
I
I
|
|
|
|
|
|
|
1
* AVERAGE OUTSTANDING LOANS DURING THE PRECEDING 12 MONTHS (AVERAGE OF END-OF-MONTH DATA).
REPAYMENTS
384.4
383.8
377.3
370.4
370.4
375.7
381.1
384.1
385.7
388.7
TABLE 223.1
FEDERAL LAND BANKS
NEW MONEY LOANED
MILLIONS |
OF
|
DOLLARS |
1
197 6—JAN.•.
-FEB...
—MAR.•.
-APR...
-MAY...
— J UN.•.
—JUL...
—AUG-.•
-SEP...
-OCT...
-NOV...
—DEC..•
325.0
282.5
440.7
347.3
294.3
324.2
298.3
256.1
255.4
247.6
278.7
345.5
1977—J AN...
— FEB. . .
— MAR ...
-APR...
-MAY...
—J UN.*.
-JUL...
— AUG.• .
-SEP.. .
—OCT...
-NOV...
—DEC...
376.1
346.2
551.9
403.9
405.0
398.7
382.1
309.8
289.3
275.4
324.3
355.8
1978—J AN.•.
-FEB...
—MAR•..
—APR.•.
-MAY...
-JUN...
-JUL...
—AUG.. .
-SEP...
-OCT...
409.3
343.7
490.7
375.8
453.5
442.3
365.8
384.5
347.9
385.3
|
|
|
|
I
|
I
|
|
|
|
|
|
1
!
|
|
|
1
I
|
|
|
|
|
|
j
|
1
|
|
|
|
|
|
|
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
j
YEAR
LOANS OUT-|
STANDING*!
4.2
-13.1
56.0
-21.2
-15.3
10.2
-8.0
-14.1
-0.3
-3.0
12.6
23.9
|
|
|
|
|
|
|
I
|
I
|
I
— 2.8
— 1.8
19.9
6.7
-6.5
5.9
10.4
6.3
2.7
-6.2
35.5
10.7
2.0
1.7
2.7
2.1
1.7
1.9
1.7
1.5
1.4
1.4
1.5
1.9
8.9
-8.0
59.4
-26.8
0.3
-1.6
-4.2
-18.9
-6.6
-4.8
17.7
9.7
|
|
I
1
I
|
|
|
|
|
|
1
15.7
22.5
25.2
16.3
37.6
23.0
28.1
21.0
13.3
11.2
16.3
3.0
2.0
1.9
2.9
2.1
2.1
2.0
1.9
1.5
1.4
1.3
1.5
1.7
15.0
-16.0
42.8
-23.4
20.7
-2.5
-17.3
5.1
-9.5
10.7
|
I
I
|
|
I
J
|
|
|
8.8
-0.7
-11.1
-6.9
12.0
10.9
-4.3
24.1
20.3
39.9
1.9
1.6
2.2
1.7
2.0
1.9
1.6
1.6
1.5
1.6
* OUTSTANDING LOANS AT END OF PRECEDING MONTH.
AS PERCENTAGE OF
|
|
1
|
|
|
1
|
|
|
j
|
1
|
|
|
|
|
|
|
|
|
|
I
|
1
|
|
|
|
|
|
|
|
|
I
LOANS
CLOSED
82.7
81.5
83.5
79.6
80.9
80.0
81.3
79.8
79.0
79.0
79.5
78.9
81. 1
80.6
81.3
77.5
78.1
78.8
77.6
76.9
76.2
76.8
77.4
79.3
81.4
79.4
79.3
76.4
79.5
79.0
79.2
80.0
76.5
79.3
#
#
#
#
#
#
TABLE 223.3
FEDERAL LAND BANKS
NEW MONEY LOANED
TWELVE-MONTH MOVING TOTAL
MILLIONS |
OF
|
DOLLARS |
1
197 6—JAN.••|
—FEB...|
—MAR. . . 1
-APR...|
-MAY...|
—JUN...1
-JUL...|
-AUG...|
-SEP...I
— OCT... I
-NOV...1
—DEC...|
3468.2
3463.2
3536.2
3557.9
3537.3
3555.5
3583.6
3598.7
3605.4
3589.1
3662.1
3695.6
1977—JAN...|
—FEB...I
—MAR.••j
—APR...|
— MAY ...|
-JUN...|
—JUL...j
-AUG...I
-SEP...|
-OCT...I
-NOV...|
-DEC... |
3746.6
3810.3
3921.5
3978.0
4088.7
4163.2
4247.1
4300.8
4334.7
4362.5
4408.0
4418.3
1978—JAN...|
-FEB...|
-MAR...|
-APR.. . 1
-MAY... |
-JUN...|
—JUL.• • |
-AUG.. . |
-SEP...!
-OCT... I
4451.5
4449.1
4387.9
4359.9
4408.4
4452.0
4435.7
4510.5
4569.1
4679.0
I
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
J
|
|
|
|
1
|
)
I
i
|
j
|
1
|
|
|
|
|
|
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
|
-0.3 |
-0.1 |
2.1 I
0.6 |
-*0 . 6 |
0.5 I
0.8 |
0.4 1
0.2 1
-0.5 |
2.0 |
0.9 |
YEAR
AS PERCENTAGE OF
LOANS OUT-|
STANDING*!
2.4
0.1
0.1
-0.2
-1.1
-1.1
0.9
2.5
3.0
2.6
6.3
6.3
23.2
22.8
23.0
22.8
22.4
22.2
22.1
21.9
21.7
21.3
21.5
21.5
1.4
1.7
2.9
1.4
2.8
1.8
2.0
1.3
0.8
0.6
1.0
0.2
|
|
|
|
I
|
I
|
1
|
|
|
8.0
10.0
10.9
11.8
15.6
17.1
18.5
19.5
20.2
21.5
20.4
19.6
21.5
21.6
22.0
22.0
22.3
22.5
22.6
22.6
22.5
22.4
22.4
22.1
0.8
-0.1
-1.4
-0.6
1.1
1.0
-0.4
1.7
1.3
2.4
|
|
i
|
I
I
|
|
j
|
18.8
16.8
11.9
9.6
7.8
6.9
4.4
4.9
5.4
7.3
22.0
21.8
21.2
20.8
20.8
20.8
20.5
20.6
20.6
20.9
1
|
1
1
|
f
1
I
|
I
|
|
1
}
|
I
I
1
|
|
|
|
I
i
I
1
|
|
i
!
|
1
1
|
|
1
LOANS
CLOSED
82.3
82.2
82.2
81.9
81.8
81.6
81.5
81.3
81.2
80.9
81.0
80.6
80.5
80.4
80.2
80.0
79.7
79.6
79.3
79.1
78.9
78.8
78.6
78.6
78.7
78.6
78.3
78.2
78.4
78.4
78.5
78.8
78.8
78.9
* AVERAGE OUTSTANDING LOANS DURING THE PRECEDING 12 MONTHS (AVERAGE
END-OF-MONTH DATA)
TABLE 224.1
FEDERAL LAND BANKS
REFINANCING AND REPAYMENTS
REFINANCING OF FEDERAL LAND BANK LOANS
MILLIONS I
OF
I
DOLLARS |
1
1976-JAN...
—FEB...
—MAR...
—APR...
-MAY...
— J UN..•
-JUL...
—AUG..»
-SEP...
-rQCT ...
-NOV...
-DEC...
67.9
64.3
86.9
89.1
69.4
80.8
68.8
64.6
67.9
66.0
71.8
92.1
1977—JAN...
—FEB...
—MAR...
—APR...
-MAY...
—J UN...
-JUL...
—AUG...
-SEP...
-OCT...
-NOV...
— DEC.. .
1978—J AN.. .
-FEB...
—MAR...
-APR...
-MAY...
-JUN...
—JUL...
—AUG...
—SEP...
—OCT...
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
87.6
83.3
127.1
117.4
113.3
107.3
110.1
93.1
90.5
83.2
94.6
93.1
|
|
|
1
|
|
I
|
|
|
j
I
|
|
I
|
|
|
1
|
|
|
|
|
|
-4.9
-4.9
52.6
-7.6
-3.5
-5.3
2.6
-15.4
-2.8
-8.0
13.7
-1.5
93.4
89.3
128.2
116.2
117.2
117.4
96.1
96.1
107.0
100.6
|
|
|
|
1
|
|
I
I
|
0.3
-4.4
43.6
-9.4
0.8
0.2
-18.2
0.1
11.3
-6.0
8.0
-5.2
35.2
2.5
-22.1
16.5
-14.9
-6. 1
5.0
-2.7
8.8
28.3
|
|
|
I
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
J
|
|
I
|
|
|
I
|
|
I
|
1
I
I
I
1
YEAR
1
REPAYMENTS
AS PERCENTAGE OF
j LOANS OUT-I
1 STANDING*!
LOANS
CLOSED
MILLIONS I
OF
|
DOLLARS I
1
6.9
8.0
21.3
25.3
8.0
21.5
13.3
36.4
9.5
18.5
27.2
46.6
1
1
1
1
1
1
1
1
1
1
1
1
0.42
0.40
0.53
0.53
0.41
0.47
0.40
0.37
0.38
0.37
0.40
0.50
I
1
|
I
|
|
I
|
|
|
|
|
17.3
18.5
16.5
20.4
19.1
20.0
18.7
20.2
21.0
21.0
20.5
21.1
149.0
102.8
110.4
101.0
81.0
80.5
78.8
72.6
79.3
82.2
106.2
141.5
29.1
29.5
46.2
31.8
63.2
32.8
60.0
44.1
33.3
26.1
31.7
1.1
1
1
1
1
1
1
1
1
I
1
I
1
i
1
0.47
0.45
0.67
0.61
0.58
0.54
0.55
0.46
0.44
0.40
0.45
0.44
|
|
|
|
|
|
|
|
|
|
|
|
|
1
1
|
|
1
I
I
|
|
I
I
18.9
19.4
18.7
22.5
21.9
21.2
22.4
23.1
23.8
23.2
22.6
20.7
207.6
117.0
142.9
109.6
113.3
125.3
131.5
92.6
73.5
92.1
123.1
149.1
18.6
20.6
20.7
23.6
20.5
21.0
20.8
20.0
23.5
20.7
202.0
120.2
152.3
129.2
127.6
118.3
101.9
101.5
86.8
113.1
6.6
7.2
0.9
-1.0
3.5
9.4
-12.7
3.3
18.2
20.8
1
1
1
1
1
1
1
1
1
1
0*44
0.41
0.59
0.52
0.52
0.51
0.42
0.41
0.45
0.42
|
I
|
I
I
|
|
|
I
I
|
|
1
|
|
|
|
I
|
J
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|
|
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
10.0
-31.0
7.4
-8.5
-19.8
-0.5
-2.2
-7.9
9.3
3.6
29.2
33.3
46.7
-43.6
22.1
-23.3
3.3
10.6
5.0
-29.6
-20.5
25.3
33.6
21.1
35.4
-40.5
26.7
-15.2
-1.3
-7.2
-13.9
-0.4
-14.4
30.2
|
I
|
|
I
(
|
|
|
|
|
1
|
1
|
|
|
|
|
|
|
|
|
|
|
|
i
I
I
|
I
I
I
|
|
|
|
* OUTSTANDING LOANS AT END OF PRECEDING MONTH.
"REFINANCING OF FEDERAL LAND BANK LOANS" IS COMPUTED AS LOANS CLOSED LESS NEW MONEY LOANED.
"REPAYMENTS" ARE COMPUTED AS NEW MONEY LOANED LESS THE CHANGE IN LOANS OUTSTANDING.
YEAR
1 AS PERC E N T A G E OF
1 LOANS OUT1 STANDING*
10.6
60.6
61.9
58.3
28.6
32.9
23.7
36.4
25.4
17.2
32.2
4.5
1
1
1
1
1
1
1
1
j
1
1
1
0.93
0.64
0.67
0.60
0.48
0.47
0.45
0.41
0.45
0.46
0.59
0.77
39.3
13.8
29.5
8.6
39.9
55.6
67.0
27.6
-7.3
12.1
15.9
5.4
1
1
1
1
I
1
1
1
1
1
1
1
1.12
0.63
0.76
0.57
0.58
0.63
0.65
0.45
0.36
0.44
0.58
0.70
-2.7
2.7
6.6
17.9
12.6
-5.6
-22.5
9.7
18.1
22.7
1
1
1
1
I
1
1
1
1
1
0.94
0.55
0.70
0.58
0.57
0.52
0.44
0.43
0.37
0.47
TABLE 224.3
FEDERAL LAND BANKS
REFINANCING AND REPAYMENTS
TWELVE-MONTH MOVING TOTAL
REFINANCING OF FEDERAL LAND BANK LOANS
MILLIONS |
OF
|
DOLLARS |
1
1976—JAN. *• |
-FEB. .. |
-MAR-.. |
—APR ... 1
-MAY...|
-JUN...|
-JUL...|
-AUG...|
-SEP...|
-OCT ... I
-NOV...|
—DEC ... 1
746.2
751.0
766.3
784.2
789.3
803.6
811.7
828.9
834.8
845.1
860.5
889.7
1977—J AN...|
—FEB...I
—MAR... I
-APR...|
—MAY... 1
—JUN...|
-JUL...I
-AUG... |
—SEP...|
—OCT... I
-NOV...|
— DEC ... 1
909.5
928.5
968.6
997.0
1040.9
1067.3
1108.6
1137.1
1159.7
1176.9
1199.7
1200.7
1978-JAN...1
—FEB...|
—MAR... 1
—APR...|
-MAY...|
-JUN...I
-JUL...|
-AUG...|
—SEP...|
—OCT...|
1206.5
1212.5
1213.6
1212.4
1216.3
1226.4
1212.4
1215.4
1231.9
1249.2
1
|
1
|
|
|
|
1
|
1
|
|
j
|
|
|
]
|
|
|
|
I
|
|
|
j
|
|
|
|
I
|
|
|
|
1
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
0.6
0.6
2.0
2.3
0.7
1.8
1.0
2.1
0.7
1.2
1.8
3.4
|
YEAR
REPAYMENTS
AS PERCENTAGE OF
LOANS OUT—|
STANDING*!
LOANS
CLOSED
MILLIONS I
OF
|
DOLLARS I
1
21.0
17.3
16.0
15.2
14.5
14.3
15.0
17.3
15.8
16.8
16.9
19.9
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.1
5.0
5.0
5.1
5.2
I
|
|
|
1
|
|
1
I
|
|
|
17.7
17.8
17.8
18.1
18.2
18.4
18.5
18.7
18.8
19.1
19.0
19.4
934.5
973.3
1015.5
1052.7
1070.7
1090.6
1105.7
1125.0
1141.1
1153.2
1179.0
1185.2
2.2
2.1
4.3
2.9
4.4
2.5
3.9
2.6
2.0
1.5
1.9
0.1
|
|
I
|
|
|
|
I
|
|
|
|
1
I
I
|
|
|
|
|
|
|
I
|
|
21.9
23.6
26.4
27.1
31.9
32.8
36.6
37.2
38.9
39.3
39.4
35.0
5.2
5.3
5.4
5.5
5.7
5.8
5.9
6.0
6.0
6.0
6.1
6.0
|
|
|
|
|
I
|
1
|
|
1
I
19.5
19.6
19.8
20.0
20.3
20.4
20.7
20.9
21.1
21.2
21.4
21.4
0.5
0.5
0.1
-0.1
0.3
0.8
-1.1
0.2
1.4
1.4
|
|
1
|
|
|
1
I
I
1
32.7
30.6
25.3
21.6
16.9
14.9
9.4
6.9
6.2
6.1
6.0
5.9
5.9
5.8
5.7
5.7
5.6
5.5
5.6
5.6
|
|
|
|
|
|
|
I
|
1
21.3
21.4
21.7
21.8
21.6
21.6
21.5
21.2
21.2
21.1
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
1243.8
1258.0
1290.5
1299.2
1331.4
1376.2
1429.0
1449.0
1443.2
1453.1
1470.1
1477.7
|
|
|
|
|
|
|
|
|
1
|
|
J
|
|
|
|
1
|
|
|
|
|
|
|
4.9
1.1
2.6
0.7
2.5
3.4
3.8
1.4
-0.4
0.7
1.2
0.5
1472.0
1475.3
1484.7
1504.3
1518.6
1511.6
1482.0
1490.9
1504.2
1525.1
|
|
|
|
|
|
|
|
1
|
-0.4
0.2
0.6
1.3
1.0
-0.5
-2.0
0.6
0.9
1.4
1.6
4.1
4.3
3.7
1.7
1.9
1.4
1.7
1.4
1.1
2.2
0.5
|
|
|
I
|
|
|
|
|
|
I
I
I
1
|
|
|
|
|
|
|
|
|
|
|
|
1
I
|
|
|
|
|
|
|
1
|
AVERAGE OUTSTANDING LOANS DURING THE PRECEDING 12 MONTHS (AVERAGE OF END-OF-MONTH DATA),
"REFINANCING OF FEDERAL LAND BANK LOANS" IS COMPUTED AS LOANS CLOSED LESS NEW MONEY LOANED.
"REPAYMENTS" ARE COMPUTED AS NEW MONEY LOANED LESS THE CHANGE IN LOANS OUTSTANDING.
YEAR
AS PERCENTAGE OF
LOANS OUTSTANDING*
11.7
17.7
23.7
28.7
30.1
31.0
31.8
34.3
33.0
33.7
34.5
28.8
6.3
6.4
6.6
6.8
6.8
6.8
6.8
6.9
6.9
6.9
6.9
6.9
33.1
29.3
27.1
23.4
24.4
26.2
29.2
28.8
26.5
26.0
24.7
24.7
7.1
7.1
7.2
7.2
7.3
7.4
7.6
7.6
7.5
7.5
7.5
7.4
18.4
17.3
15.0
15.8
14.1
9.8
3.7
2.9
4.2
5.0
7.3
7.2
7.2
7.2
7.2
7.1
6.8
6.8
6.8
6.8
AGRICULTURAL FINANCE DATABOOK—MONTHLY SERIES
230
LIFE INSURANCE COMPANIES
231
FARM MORTGAGES OUTSTANDING
231.1
232
ACTUAL
FARM MORTGAGES ACQUIRED
232. 1
232.3
233
SOURCE:
ACTUAL
12-MONTH MOVING TOTAL
! 1!!!!!!!!!I!!!!!!!!!!]
FARM MORTGAGE COMMITMENTS OUTSTANDING
233.1
NOVEMBER 1978
ACTUAL
"MONTHLY STATISTICAL REPORT," AMERICAN COUNCIL OF LIFE INSURANCE.
TABLE 231.1
LIFE INSURANCE COMPANIES
FARM MORTGAGES OUTSTANDING
END OF MONTH
MILLIONS OF DOLLARS
AMOUNT
CHANGE FROM PREVIOUS
MONTH
1976-JAN.
-FEB.
— MAR.
-APR.
-MAY.
-JUN.
-JUL.
-AUG.
-SEP.
-OCT.
-NOV.
-DEC.
6731.
6769.
6815.
6876.
6946.
7005.
7072.
7127.
7184.
7219.
7291.
7425.
-22.
38.
46 .
1977—J AN.
-FEB.
-MAR.
-APR.
-MAY.
-JUN.
-JUL.
-AUG.
-SEP.
-OCT.
-NOV.
-DEC.
197 8—JAN.
-FEB.
-MAR.
-APR.
-MAY.
-JUN.
-JUL.
-AUG.
-SEP.
|
YEAR
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
-0.3
70.
59.
67.
55.
57.
35.
72.
134.
431.
375.
387.
372.
403.
432.
488.
521.
553.
558.
612.
672.
7434.
7510.
7640.
7814.
7924.
8139.
8235.
8330.
8475.
8569.
8648.
8 843.
9.
76.
130.
174.
110.
215.
96.
95.
145.
94.
79.
195.
703.
741.
825.
938.
978.
1134.
1163.
1203.
1291.
1350.
1357.
1418.
0.1
8903.
9012.
9210.
9379.
9517.
9703.
9820.
9956.
10105.
60.
109.
198.
169.
138.
186.
117.
136.
149.
1469.
1502.
1570.
1565.
1593.
1564.
1585.
1626.
1630.
61.
0.6
0.7
0.9
1.0
0.8
1.0
0.8
0.8
0.5
1.0
1.8
1.0
1.7
2.3
1.4
2.7
1.2
1.2
1.7
1.1
0.9
2.3
0.7
1.2
2.2
1.8
1.5
2.0
1.2
1.4
1.5
19
TABLE 232.1
LIFE INSURANCE COMPANIES
FARM MORTGAGES ACQUIRED
MILLIONS OF DOLLARS
|
1
CHANGE FROM PREVIOUS!
1
|
MONTH
YEAR
|
AMOUNT
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
197 6-J AN... |
-FEB...|
-MAR...|
— APR.. . |
-MAY...|
-JUN...|
— JUL... |
-AUG...|
—SEP...|
-OCT...|
-NOV...|
-DEC...I
100.
116.
136.
128.
125.
131.
138.
106.
123.
79.
116.
242.
-53.
16.
20.
-8.
-3.
6.
7.
-32.
17.
-44.
37.
126.
|
|
|
1
|
1
I
|
|
|
1
|
20.
-48.
17.
8.
50.
56.
83.
53.
61.
25.
51.
89.
1
1
|
|
|
|
|
|
|
|
I
|
-34.6
16.0
17.2
-5.9
-2.3
4.8
5.3
-23.2
16.0
-35.8
46.8
108.6
1977—J AN...|
—F EB. . . |
-MAR...|
—APR...j
—MAY.•.I
-JUN...|
-JUL...|
—AUG...|
-SEP...|
—OCT...|
-NOV...|
—DEC...)
160.
156.
233.
256.
214.
278.
168.
188.
209.
144.
135.
319.
-82.
—4.
77.
23.
-42.
64.
-110.
20.
21.
-65.
-9.
184.
|
I
|
|
|
|
|
|
1
|
|
1
60.
40.
97.
128.
89.
147.
30.
82.
86.
65.
19.
77.
|
|
|
|
|
|
|
|
|
|
|
|
-33.9
-2.5
49.4
9.9
-16.4
29.9
-39.6
11.9
11.2
-31.1
-6.3
136.3
197 8-J AN...|
-FEB...j
-MAR...|
—APR...|
—MAY.. . I
—JUN...|
-JUL...|
—AUG...|
-SEP...I
200.
206.
284.
271.
251.
273.
203.
204.
223.
-119.
6.
78.
-13.
-20.
22.
-70.
1.
19.
|
I
J
|
I
|
|
|
1
40.
50.
51.
15.
37.
-5.
35.
16.
14.
|
|
|
|
|
|
|
|
|
-37.3
3.0
37.9
-4.6
-7.4
8.8
-25.6
0.5
9.3
* OUTSTANDING MORTGAGES AT END OF PRECEDING MONTH.
#
#
#
#
#
#
|
1
I
|
I
|
|
1
|
|
|
|
|
|
1
|
|
i
|
|
|
|
|
|
|
I
|
1
1
I
|
|
|
|
|
|
|
YEAR
25.0
-29.3
14.3
6.7
66.7
74.7
150.9
100.0
98.4
46.3
78.5
58.2
60.0
34.5
71.3
100.0
71.2
112.2
21.7
77.4
69.9
82.3
16.4
31.8
25.0
32.1
21.9
5.9
17.3
-1.8
20.8
8.5
6.7
AS PERCENTAGE OF
MORTGAGES
OUTSTANDING*
1.5
1.7
2.0
1.9
1.8
1.9
2.0
1.5
1.7
1.1
1.6
3.3
2.2
2.1
3.1
3.4
2.7
3.5
2.1
2.3
2.5
1.7
1.6
3.7
2.3
2.3
3.2
2.9
2.7
2.9
2.1
2.1
2.2
TABLE 232.3
LIFE INSURANCE COMPANIES
FARM MORTGAGES ACQUIRED
TWELVE-MONTH MOVING TOTAL
MILLIONS OF DOLLARS
AMOUNT
CHANGE FROM PREVIOUS
MONTH
1976—J AN.•
-FEB..
-MAR..
-APR..
-MAY..
-JUN..
-JUL..
—AUG..
-SEP..
—OCT..
-NOV..
—DEC..
1095.
1047.
1064.
1072.
1122.
1178.
1261.
1314.
1375.
1400.
1451.
1540.
1977—J AN..
-FEB..
-MAR..
-APR..
-*MAY ..
-JUN..
—JUL.•
-AUG..
-SEP..
—OCT••
-NOV..
—DEC••
1600.
1640.
1737.
1865.
1954.
2101.
2131.
2213.
2299.
2364.
2383.
2460.
1978—JAN..
-FEB..
-MAR..
-APR..
-MAY..
—JUN..
-JUL..
-AUG..
-SEP..
2500.
2550.
2601.
2616.
2653.
2648.
2683.
2699.
2713.
20.
-48.
17.
8.
50.
56.
83.
53.
61.
25.
51.
89.
60.
40.
97.
128.
89.
147.
30.
82.
86.
65.
19.
77.
40.
50.
51.
15.
37.
-5.
35.
16.
14.
|
YEAR
97.
-51.
-29.
-49.
21.
99.
223.
296.
350.
393.
432.
465.
505.
593.
673.
793.
832.
923.
870.
899.
924.
964.
932.
920.
900.
910.
864.
751.
699.
547.
552.
486.
414.
PERCENTAGE CHANGE
FROM PREVIOUS
MONTH
1.9
-4.4
YEAR
AS PERCENTAGE OF
MORTGAGES
OUTSTANDING*
9.7
-4.6
-2.7
—4.4
1.9
9.2
21.5
29.1
34. 1
39.0
42.4
43.3
22.1
46.1
56.6
63.3
74.0
74.2
78.4
69.0
68.4
67.2
68.9
64.2
59.7
22.7
23.1
24.3
25.8
26.7
28.4
28.5
29.2
29.9
30.4
30.2
30.7
1.4
56.3
55.5
49.7
40.3
35.8
1.3
25.9
30.7
30.9
31.0
30.7
30.7
30.2
30.1
29.9
29.6
1.6
0.8
4.7
5.0
7.0
4.2
4.6
1.8
3.6
6.1
3.9
2.5
5.9
7.4
4.8
7.5
1.4
3.8
3.9
2.8
0.8
3.2
1.6
2.0
2.0
0.6
-0.2
0.6
0.5
26.0
22.0
18.0
16.7
15.9
16.1
16.1
16.8
17.5
18.7
19.3
20.1
20.3
20.9
* AVERAGE OUTSTANDING MORTGAGES DURING THE PRECEDING 12 MONTHS (AVERAGE OF END-OF-MONTH DATA) ,
21
TABLE 233.1
LIFE INSURANCE COMPANIES
OUTSTANDING FARM MORTGAGE COMMITMENTS
END OF MONTH
MILLIONS OF DOLLARS
AMOUNT
CHANGE FROM PREVIOUS
MONTH
1976—J AN.
-FEB.
-MAR.
-APR.
-MAY.
—J UN.
— JUL.
-AUG.
-SEP.
-OCT.
-NOV.
-DEC.
466.0
477.0
479.0
501.0
482.0
490.0
487.0
494.0
520.0
582.0
592.0
553.0
1977—J AN.
-FEB.
-MAR.
-APR.
-MAY.
-JUN.
-JUL.
-AUG.
-SEP.
-OCT.
-NOV.
-DEC.
567.0
614.0
603.0
663.0
680.0
671.0
673.0
696.0
745.0
769.0
782.0
768.0
23.0
49.0
24.0
13.0
-14.0
742.0
-26. 0
1978—J AN.
-FEB.
-MAR.
-APR.
-MAY.
-JUN.
—JUL.
-AUG.
818.0
827.0
846.0
800.0
869.0
856.0
841.0
7.0
11.0
2.0
22.0
-19.0
8.0
-3.0
7.0
26.0
62.0
10.0
-39.0
14.0
47.0
-11.0
60.0
17.0
-9.0
2.0
76.0
9.0
19.0
-46.0
69.0
-13.0
-15.0
|
YEAR
-30.0
-23.0
13.0
71.0
69.0
91.0
88.0
89.0
82.0
109.0
86.0
94.0
101.0
PERCENTAGE CHANGE
FROM PREVIOUS
3NTH
1.5
2.4
0.4
4.6
-3.8
1.7
-0.6
1.4
5.3
11.9
1.7
-6.6
225.0
187.0
190.0
215.0
2.5
8.3
-1.8
10.0
2.6
-1.3
0.3
3.4
7.0
3.2
1.7
-1.8
175.0
204.0
224.0
183.0
120.0
198.0
183.0
145.0
-3.4
10.2
1.1
2.3
-5.4
8.6
-1.5
-1.8
137.0
124.0
162.0
198.0
181.0
186.0
202.0
|
1
|
|
|
|
|
|
I
|
|
|
|
|
I
|
|
|
|
|
|
|
|
j
1
|
|
j
I
|
I
|
|
|
|
|
YEAR
AS PERCENTAGE
OF MORTGAGES
OUTSTANDING
ACQUIRED
IN MONTH
—6 . 0
-4. 6
2.8
16.5
16.7
22.8
22.1
22.0
18.7
23.0
17.0
20.5
6.9
7.0
7.0
7.3
6.9
7.0
6.9
6.9
7.2
8.1
8.1
7.4
466.0
411.2
352.2
391.4
385.6
374.0
352.9
466.0
422.8
736.7
510.3
228.5
21.7
28.7
25.9
32.3
41.1
36.9
38.2
40.9
43.3
32.1
32.1
38.9
7.6
8.2
7.9
8.5
8.6
8.2
8.2
8.4
8.8
9.0
9.0
8.7
354.4
393.6
258.8
259.0
317.8
241.4
400.6
370.2
356.5
534.0
579.3
240.8
30.9
33.2
37.1
27.6
17.6
29.5
27.2
20.8
8.3
9.1
9.0
9.0
8.4
9.0
8.7
8.4
371.0
397.1
291.2
312.2
318.7
318.3
421.7
412.3
AGRICULTURAL FINANCE DAT A BOOK—MONTHLY SERIES
300
NOVEMBER 1978
AGRICULTURAL BANKING DATA
301
FARM NON-REAL-ESTATE LOANS
301.1
302
]
24
SEASONAL BORROWING BY MEMBER BANKS
302.1
310
AMOUNT AND CHANGE FROM PREVIOUS YEAR
NUMBER OF BANKS AND AVERAGE DAILY BORROWING
25
DEPOSITS AND LOANS AT AGRICULTURAL BANKS
311
FEDERAL RESERVE DISTRICTS 7 AND 9
311.3
312
PERCENTAGE CHANGE FROM PREVIOUS YEAR, AND LOAN/DEPOSIT RATIO
26
FEDERAL RESERVE DISTRICT 6 AND TEXAS
312.3
PERCENTAGE CHANGE FROM PREVIOUS YEAR, AND LOAN/DEPOSIT RATIO
27
FOR INFORMATION ON THE DESIGN OF THE SEASONAL BORROWING PRIVILEGE FOR WHICH
DATA ARE SHOWN IN SECTION 302, AND ALSO AN ANALYSIS OF ITS POTENTIAL AND
ACTUAL USE BY AGRICULTURAL BANKS, SEE "SEASONAL BORROWING AT THE FEDERAL
RESERVE DISCOUNT WINDOW," BY EMANUEL MELICHAR AND HARRIET HOLDERNESS,
A£Rl£iM.URAL_£lMN£J^R£Yi£ii, OCTOBER 1974, PP. 42-51.
FOR A BRIEF DISCUSSION OF THE ANALYTICAL VALUE OF THE DATA IN SECTION 310, SEE
THE SECTION ENTITLED "FREQUENT DEPOSIT AND LOAN DATA" IN "OVERALL MEASURES OF
FINANCIAL PERFORMANCE , " BY EMANUEL MELICHAR, AGRIC1J1 T URAL FINAMfF REVIEW ,
FEBRUARY 1977, PP. 87-88.
23
TABLE 301.1
24
FARM NON-REAL-ESTATE LOANS AT COMMERCIAL BANKS
(END OF MONTH)
AMOUNT
LARGE
I
I
BANKS
1(MILLIONS
I
OF
I DOLLARS)
197 6—JAN.
-FEB.
-MAR.
-APR.
-MAY.
-JUN-JUL.
— AUG.
-SEP,
-OCT.
-NOV.
-DEC.
I
3645.
3627.
3710.
3802.
3837.
3959.
3999.
4171.
4247.
4278.
4258.
4262.
1977—JAN.
-FEB.
-MAR.
-APR.
-MAY.
-JUN.
-JUL.
-AUG.
-SEP.
-OCT. -.1
-NOV. ..I
-DEC. ..I
4243.
4165.
4268.
4369.
4578.
4694.
4743.
4758.
4794.
4798.
4700.
4700.
197 8—J AN.
-FEB.
-MAR.
-APR.
-MAY. - . 1
-JUN. ..I
-JUL. ..I
-AUG.
-SEP.
-OCT.
I
4639.
4525.
4783.
4793.
5005.
4997.
5148.
5247.
5323.
5437.
LARGE-BANK
ARE BANKS
DATA SHOWN
(MARCH AND
CHANGE FROM PREVIOUS YEAR
ALL COMMERCIAL BANKS
(BILLIONS OF DOLLARS)
LARGE
BANKS
(MILLIONS
|SEASONALLY
OF
I ADJUSTED
DOLLARS)
ACTUAL
20.2 I
20.3 |
20.5 |
20.6
21.6 J
20.7
20.7
21.3
21.5
22.4
22.0
21.2 |
22.2
22.6
22.9
23.0
23.1
23.2 |
I
23.2 |
23.3
23.7 |
24.3
24.9
25.6
25.9
26.1 |
26.3
26.1
25.9
25.7
|
1
I
|
I
I
I
25.5 |
I
I
27.0 |
I
21.8
22.3
22.7
23.0
23.3
23.5
23.6
23.7
24.0
24.4
24.8
25.2
25.4
25.6
26.0
26.1
26.1
26.0
25.8
26.6
46.
129.
320.
377.
440.
501.
450.
590.
616.
681.
711.
622.
598.
538.
558.
567.
741.
735.
744.
587.
547.
520.
442.
438.
396.
360.
515.
424.
427.
303.
405.
489.
529.
639.
ALL COMMERCIAL BANKS
(BILLIONS OF DOLLARS)
ACTUAL
2.1
SEASONALLY
ADJUSTED
2.0
2.2
2.3
2.7
2.9
3.1
3.0
2.9
3.0
3.1
3.2
3.1
3.0
3.0
3.0
2.9
3.0
3.1
3.2
3.1
2.2
3.0
3.0
3.2
3.1
3.3
3.5
2.8
2.5
2.2
2.6
3.0
3.0
3.3
3.1
3.3
3.4
3.4
3.3
3.3
3.1
2.8
2.5
PERCENTAGE CHANGE FROM
PREVIOUS YEAR
LARGE
BANKS
ALL COMMERCIAL BANKS
ACTUAL
11.6
1.3
3.7
9.4
12.2
13.0
14.5
12.7
16.5
17.0
18.9
14.6
15.5
16.3
15.5
14.7
15.1
15.6
11.0
20.0
17.1
16.4
14.8
15.0
14.9
19.3
18.6
18.6
14.1
12.9
12.2
10.4
10.3
11.8
SEASONALLY
ADJUSTED
10.8
12.5
11.9
13.9
16.2
15.2
16.3
15.8
14.9
15.1
15.6
15.9
15.2
14.9
14.8
15.8
14.6
15.3
15.6
15.6
15.5
14.8
13.5
14.6
14.5
15.8
14.6
15.3
15.6
15.5
14.8
14.6
13.5
16.1
12.1
12,0
10.8
10.8
7.5
7.5
5.4
5.4
9.3
1.8
1.4
1.8
1.4
8.6
12.1
9.7
9.3
6.5
8.5
10.3
11.0
13.3
THESE
TABLE 302.1
MEMBER BANK BORROWING UNDER SEASONAL BORROWING PRIVILEGE
WEEK ENDING ON LAST WEDNESDAY OF MONTH
NUMBER OF BANKS
AVERAGE DAILY SEASONAL BORROWING
(THOUSANDS OF DOLLARS)
DEPOSIT SIZE OF BANK
TAL
UP TO
$100
MILLION
1976—J AN.••I
—FEB.••I
—MAR.*.|
-APR...|
-MAY...|
-JUN...I
-JUL...I
—AUG..•I
-SEP.. . |
-OCT...|
-NOV... I
-DEC.. . I
7.
10.
17.
20.
21.
42.
38.
40.
49.
40.
31.
19.
7.
10.
17.
20.
21.
41.
37.
39.
48.
38.
31.
19.
1977—J AN...I
-FEB...I
-MAR...I
-APR.. . |
-MAY...I
-JUN... |
-JUL... I
-AUG... I
-SEP... I
-OCT... I
-NOV...|
-DEC... I
8.
10.
17.
21.
45.
59.
63.
99.
92.
81.
53.
34.
8.
10.
17.
21.
44.
55.
59.
89.
83.
74.
45.
31.
23.
31.
51.
43.
93.
109.
128.
161.
160.
159.
117.
23.
31.
49.
42.
85.
100.
122.
150.
147.
144.
102.
I
I
1978—J AN...I
-FEB... I
-MAR...|
-APR... |
-MAY... |
-JUN...I
—JUL... I
-AUG...I
-SEP...|
—OCT... I
-NOV...I
1
OVER
|
$100
| MILLION
I
I
|
1
1
1
1
|
|
|
|
|
I
|
|
|
1
|
|
|
|
|
|
|
I
j
|
1
|
1
{
1
|
|
|
|
|
DEPOSIT SIZE OF BANK
TOTAL
UP TO
$100
MILLION
0.
0.
0.
0.
0.
1.
1.
1.
1.
2.
0.
0.
8267.
8233.
9605.
11153.
11637.
27898.
25957.
23354.
33618.
33297.
27215.
9970.
8267.
8233.
9605.
11153.
11637.
25898.
20243.
17354.
29618.
29154.
27215.
9970.
0.
0.
0.
0.
1.
4.
4.
10.
9.
7.
8.
3.
8113.
11353.
14161.
15030.
34503.
70158.
68701.
130235.
115456.
116094.
74288.
52761.
8113.
11353.
14161.
15030.
32503.
45658.
48508.
80936.
73456.
74794.
41488.
34461.
0.
0.
35588.
52858.
51892.
49400.
114954.
133794.
150938.
206810.
204226.
235448.
180107.
35588.
52858.
50535.
44686.
88968.
101623.
119581.
158153.
156046.
158958.
105834.
2.
1.
8.
9.
6.
11.
13.
15.
15.
DEPOSIT SIZE CLASSIFICATION IS BASED ON AVERAGE DEPOSITS IN 1972.
|
OVER
|
$100
| MILLION
|
|
|
j
|
1
j
!
|
1
1
1
1
j
j
|
|
|
1
|
j
|
|
|
|
1
1
|
|
I
|
1
|
|
|
|
|
0.
0.
0.
0.
0.
2000.
5714.
6000.
4000.
4143.
0.
0.
0.
0.
0.
0.
2000.
24500.
20193.
49299.
42000.
41300.
32800.
18300.
0.
0.
1357.
4714.
25986.
32171.
31357.
48657.
48180.
76490.
74273.
TABLE 311.3
26
DEPOSITS AND LOANS AT AGRICULTURAL BANKS
SEVENTH AND NINTH FEDERAL RESERVE DISTRICTS
SEVENTH FEDERAL RESERVE DISTRICT
(CHICAGO)
PERCENTAGE CHANGE FROM PREVIOUS YEAR
DEPOSITS
JLQIAL
1976-J AN.
-FEB.
-MAR.
-APR.
-MAY.
-JUN.
— JUL.
-AUG.
-SEP.
-OCT.
-NOV.
-DEC.
1977—J AN.
-FEB.
-MAR.
-APR.
-MAY.
-JUN.
-JUL.
—AUG.
-SEP.
-OCT.
-NOV.
-DEC.
197 8—JAN.
-FEB.
—MAR •
-APR.
-MAY.
-JUN.
— JUL.
— AUG.
-SEP.
-OCT.
-NOV.
-J
DEMAND
I
TIMF
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
11.1
3.0
-2.6
14.9
14.7
14.6
14.7
14.7
14.2
14.2
13.9
13.7
12.7
2.2
11.9
4.2
11.7
10.7
11.5
12.0
11.9
11.0
10.3
10.1
9.2
8.1
8.6
9.0
9.5
8.7
8.7
8.6
8.2
8.8
8.7
8.6
9.2
10.0
9.7
1.8
4.3
5.7
5.1
3.4
1.1
0.8
-1.4
0.5
2.6
3.7
3.5
4.0
6.5
7.2
7.0
9.2
11.6
10.2
12.0
11.1
10.6
10.6
9.8
9.7
9.3
9.2
9.2
9.4
9.5
LOANS
*********
*********
*********
*********
*********
*********
*********
*********
*********
|
1
I
I
1
|
|
|
|
|
|
|
|
|
********* j
********* j
********* j
18.7
18.5
19.3
18.7
14.6
19.4
20.7
|
|
|
|
|
|
|
21.7
21.3
19.8
19.1
|
|
|
|
21.2 |
I
17.1 I
16.4 |
15.1
14.3
13.5 |
13.0
12.0 |
12.9
12.3
12.6 |
13.6
NINTH FEDERAL RESERVE DISTRICT (MINNEAPOLIS)
SECOND WEDNESDAY OF MONTH
PERCENTAGE CHANGE FROM PREVIOUS YEAR
LCANDEPOSIT
RATIO
DEPOSITS
LOANS
-LDIAI
J
QEMANU—L
LIME-
0. 537
0.537
0.543
0.545
0.572
0.551
0. 560
0.561
0.558
0.555
0.561
0.568
1
1
1
1
1
1
1
1
1
1
1
1
9.6
10.1
8.2
9.6
9.0
8.6
8.3
8.9
7.9
9.3
8.3
8.0
1
1
1
1
1
1
1
1
1
1
1
1
—0.6
3.0
1.2
5.4
4.3
3.6
2.9
4.3
0.4
1.8
0.5
-0.0
1
1
1
1
1
1
1
1
1
1
1
1
14.9
13.3
11.3
11.4
11.0
10.8
10.6
10.9
11.1
12.6
11.8
11.6
1
1
1
1
1
1
1
1
1
1
1
1
9.1
12.8
11.3
10.5
10.9
13.0
11.3
12.4
13.4
14.0
14.4
12.6
1
1
I
1
1
I
1
1
1
1
1
1
0.607
0.619
0.616
0.622
0.635
0.640
0.645
0.649
0.654
0.650
0.644
0.642
0.574
0.574
0.581
0.578
0. 586
0.593
0.612
0.617
0.621
0.623
0.619
0.621
1
1
I
1
1
1
i
1
1
1
1
1
7.4
7.2
8.8
8.7
9. 1
8.6
8.0
7.8
8.5
7.7
7.6
7.4
1
1
1
1
1
1
1
1
1
1
1
1
—0.8
-1.1
0.8
0.2
1.2
1.0
0.8
-0.1
3.3
2.1
3.0
3.2
1
1
1
1
1
1
1
1
1
1
1
1
11.1
10.6
12.1
12.2
12.2
11.7
10.8
11.0
10.6
10.0
9.4
9.1
1
1
1
1
1
1
1
1
1
1
1
1
12.4
12.9
14.7
14.3
14.3
13.4
14.9
14.4
13.4
14.0
14.7
13.7
1
1
1
1
1
1
1
1
1
1
1
1
0.635
0.651
0.650
0.654
0.665
0.669
0.686
0.689
0.684
0.688
0.687
0.680
0.614 1
8.5
0.616 1
7.9
0.617 1
8.2
0.608 1
8.6
0.615 1
8.8
0.616 1
9.6
0.631 1
9.7
0.642 1
8.6
0.639 1
8.8
j*********
0.637
j*********
0.641
1
7.7
1
5.6
1
6.1
1
7.5
1
8.0
1
10.6
1
10.8
1
9.1
1
9.3
|*********
j*********
1
8.9
1
8.8
1
9.0
1
9.0
1
9.1
1
9.3
1
9.4
1
8.5
1
8.6
|*********
j *********
1
13.9
1
13.2
1
13.4
1
12.5
1
13.2
1
13.2
1
13.0
1
13.4
1
13.2
|*********
j *********
1
0.666
1
0.683
1
0.681
1
0.677
1
0.692
1
0.690
1
0.707
1
0.719
1
0.711
j *********
j *********
TABLE
312.3
D E P O S I T S AND L O A N S AT A G R I C U L T U R A L BANKS
SIXTH FEDERAL RESERVE DISTRICT AND TEXAS
SIXTH FEDERAL RESERVE DISTRICT (ATLANTA)
MONTHLY AVERAGE ENDING SECOND WEDNESDAY OF MONTH
PERCENTAGE CHANGE FROM PREVIOUS YEAR
DEPOSITS
IQIAL
LOANS
1
_1_
|* * * * * * * * *
1
1
1
LOANDEPOSIT
RATIO
UM£
|
TEXAS
PERCENTAGE CHANGE
FROM PREVIOUS YEAR
DEPOSITS I
1
197 6-J AN.. . * * * * * * * * *
-FEB...
8.6
-MAR...
9.9
-APR...
10.2
-MAY...
10.7
-JUN...
9.9
-JUL...
9.4
-AUG...
9.7
-SEP...
9.0
-OCT...
9.8
-NOV...
10.9
—DEC...
10.9
|
|
|
|
|
|
|
1
|
|
|
9.6
7.8
8.2
9.5
8.6
8.2
7.8
5.8
5.9
7.0
7.8
j ********* * * * * * * * * *
1
10.9
5.7
1
11.1
8. 1
11.4
9.3
1
1
11.4
9.0
10.7
1
11.6
10.7
1
12.8
j
10.7
13.4
I
10.7
13.7
1
12.0
13.3
1
13.2
13.7
1
12.7
14.1
I
1
1
1
1
1
1
1
1
1
1
1
0.570
0.567
0.571
0.566
0.573
0.588
0.596
0.603
0.606
0.599
0.596
0.597
15.9
15.4
15.0
15.3
14.1
12.9
12.1
10.5
10.1
10.0
10.2
11.3
1977-J AN...
-FEB...
-MAR...
—APR ...
-MAY...
-JUN...
-JUL...
—AUG...
-SEP...
-OCT...
-NOV...
-DEC...
10.4
10.3
10.3
10.3
10.0
10.1
10.9
10.8
10.8
9.3
9.7
10.7
j
1
|
|
I
I
|
|
|
|
|
|
6.2
5.2
5.5
5.6
4.6
4.0
5.3
4.6
4.4
3.4
4.5
5.9
1
1
1
1
1
1
1
1
1
1
1
1
12.9
13.2
13.0
13.0
13.0
13.4
13.9
14.0
14.2
12.4
12.5
13.4
15.1
15.0
15.9
15.7
15.0
17.0
17.2
17.7
17.7
18.0
18.5
18.5
1
1
1
1
1
1
1
1
1
1
j
1
0.594
0.598
0.598
0.599
0.616
0.628
0.632
0.643
0.644
0.646
0.642
0.636
11.9
11.7
11.0
11.1
10.8
10.7
10.9
11.2
11.5
11.4
11.3
11.0
1978-J AN...
-FEB...
-MAR.. .
-APR...
-MAY...
—JUN...
-JUL...
-&UG...
-SEP...
—OCT...
-NOV...
11.1
10.8
11.9
12.9
13.7
13.4
12.8
12.2
12.7
13.0
12.2
|
I
|
|
|
|
I
|
|
|
1
8.5
7.9
8.9
11.4
13.5
13.2
13.0
12.3
13.9
14.1
11.8
j
1
I
1
1
1
1
1
1
1
1
12.5
12.3
13.6
13.7
13.8
13.6
12.7
12.1
12.1
12.4
12.4
16.9
16.7
17.3
14.4
12.8
12.8
12.7
13.5
14.3
13.8
13.3
1
1
1
1
I
1
1
1
!
1
1
0.623
0.628
0.622
0.604
0.608
0.620
0.629
0.644
0.647
0.646
0.644
10.5
10.9
11.3
11.8
13.0
13.3
12.6
12.6
12.2
11.8
*********
LOANS
1
1
I
|
LOANDEPOSIT J
RATIO
I
J
|
10.8
0.479
|
12.1
0.477
|
13.0
0.482
|
14.4
0.487
|
16.4
0.507
|
18.2
0.516
|
19.8
0.522
|
21.3
0.533
I
21.3
0.536
|
20.9
0.536
|
20.3
0.531
|
17.6
0.521
1
|
17.4
0.502
|
18.2
0.505
|
18.9
0.516
|
19.9
0.526
|
19.5
0.547
j
19.0
0.555
|
18.9
0.560
|
18.6
0.568
|
18.9
0.572
|
17.8
0.567
I
16.8
0.557
|
17.6
0.552
1
|
15.7
0.526
|
16.1
0.528
|
16.9
0.542
I
15.1
0.541
I
15.1
0.557
I
15.1
0.564
i
15.6
0.575
|
15.7
0.584
|
15.8
0.590
|
16.7
0.592
j ********* *********
|
|
|
|
|
|
|
|
I
|
|
I
1
|
i
I
|
|
1
1
|
I
|
|
|
1
|
I
|
|
|
|
|
|
|
I
j
D A T A F O R T H E S I X T H D I S T R I C T A R E F O R M E M B E R B A N K S A T W H I C H A G R I C U L T U R A L L O A N S C O M P R I S E 15 P E R C E N T OR M O R E O F T O T A L L O A N S .
D A T A F O R T E X A S A R E F O R A S A M P L E OF M E M B E R B A N K S AT W H I C H A G R I C U L T U R A L L O A N S C O M P R I S E 2 5 P E R C E N T OR M O R E O F T O T A L L O A N S . "
FOR B O T H D I S T R I C T S f LOANS ARE GROSS LOANS LESS FEDERAL FUNDS SOLD AND S E C U R I T I E S P U R C H A S E D UNDER A G R E E M E N T S TO R E S E L L .
28
Recent Federal Reserve Publications in Agricultural Finance
Agricultural Credit Conditions Survey, Federal Reserve Bank of Minneapolis, October 1978.
"Agricultural Credit Conditions," by Don A. Langford, Agricultural Letter, Federal
Reserve Bank of Chicago, November 3, 1978, pp. 1-2.
"Farmland Values," by Don A. Langford, Agricultural Letter, Federal Reserve Bank of Chicaao.
November 17, 1978, p. 1.
"Quarterly Survey of Agricultural Credit Conditions in the Eleventh Federal Reserve District,
Statistical Release, Federal Reserve Bank of Dallas, October 31, 1978.
"Agricultural Credit Survey Results," Financial Letter, Federal Reserve Bank of Kansas City,
November 9, 1978, pp. 1-2.
@FedFRASER