The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
AGRICULTURAL FINANCE
DATABOOK_________________
October 1979
Monthly Series
Emanuel Melichar
Martha Waldheger
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
OCTOBER 1979
SE CTION
200
PAGE
FARM L E N D I N G O P E R A T I O N S
AND EX P E R I E N C E
OF N O NB AN K
I N ST IT UT IO NS
210
PR OD U C T I O N C R E D I T A S S O C I A T I O N S ................................................. 3
220
FEDERAL
230
LIFE
300
LAND B A N K S ............................................................... 10
INSURANCE C O M P A N I E S ........................................................ 18
AGRICULTURAL
APPE ND IX :
B A N K I N G D A T A .......................... ............... ............. 23
AVERAGE
INTEREST RATES
ON BUSINESS
AND FARM B O R R O W I N G S ........... 23
Overview
Data through September indicated little change in ongoing farm lending
trends previously described.
An updated summary of rural banking conditions,
based on data from the October 1 Federal Reserve Bank surveys and on
preliminary estimates from the September 30 call report, is included in the
Agricultural Outlook Conference paper that is being mailed with this issue.
2
OCTOBER 1979
AGRICULTURAL FINANCE DATABOOK— MONTHLY SERIES
210
PRODUCTION C R E D IT
211
EXCEPT AS NOTED)
LOANS MADE AND NEW LOANS
ACTUAL......................................................................................................................................... 6
12-MONTH MOVING T O T AL ...................................................................................................... 7
RENEWALS
2 1 3 .1
2 1 3 .3
SO URCE:
LOANS,
ACTUA L.........................................................................................................................................4
SEA SO NA LLY A D J U S T E D .......................................................................................................... 5
212 .1
2 1 2 .3
213
(AG R IC U L T U R A L
LOANS OUTSTANDING
2 1 1 .1
2 1 1 .2
212
A S S O C IA T IO N S
AND C O LLEC TION S
ACTUA L......................................................................................................................................... 8
12-MONTH MOVING T O T A L ............................................................................... ...................... 9
"P RODUC TION C R E D IT A S S O C IA T I O N S — S E L E C T E D MONTHLY LOAN D A T A ,"
S U P E R V IS O R Y D I V I S I O N , FARM C RED IT A D M IN IS T R A T IO N .
DATA IN T H I S SE C T IO N ARE OBTAINED FROM T IM E L Y MONTHLY REPORTS WHICH ARE NOT
R E V I S E D TO R EFL E C T ANY SUBSEQUENT CHANGES OR C O RR E C T IO N S .
I F ONLY YEAR-END
DATA ON OUTSTANDING LOAN VOLUME ARE R E Q U IR E D , USE THE S E R I E S IN SE C T IO N 100
DATA ON LOANS OUTSTANDING AND LOANS MADE DO NOT
FA RM-RELATED B U S I N E S S LOA NS, OR AQUATIC LOANS.
RENEWALS DO INCLUDE THESE LOANS; HOWEVER, T HESE
ONLY 1 . 4 PER CENT OF TOTAL OUTSTANDING LOANS AT
INCLUDE RURAL HOME LOANS,
DATA ON C O LL E C TIO N S AND
TYPE S OF LOANS R E P R E S E N T E D
P C A ' S AS OF DECEMBER 1978.
FOR A B R I E F D I S C U S S I O N OF THE A NA LYT IC A L VALUE OF T H E S E DATA, S E E
E N T IT L E D "L E N D IN G E X P E R I E N C E OF NONBANK I N S T I T U T I O N S " IN "O V ER A LL
F IN A N C I A L PE R FO RM A N C E," BY EMANUEL M EL IC H A R , A G R I C ULTURAL FIN AN C E
FE BR U A RY 1977, P P . 9 2 - 9 5 .
THE S E C T IO N
MEASURES OF
R EV IE W .
3
TA BL E 211.1
4
PRODUCTION CREDIT ASSOCIATIONS
LOANS OUTSTANDING
(END OF MONTH)
1
1
1
1
1
1
1
1
1 9 7 7 - J A N . . .1
- F E B .. . |
- M A R .. . |
-A PR .. . |
-M AY.. . |
- J U N . . .1
- JU L .. . j
-A U G .. . |
- S E P . . .1
-O C T.. . |
- N O V .. . |
- D E C . . .|
i
I
197 8-J A N . . . |
- F E B .. . 1
- M A R .. .|
- A P R .. . |
- M A Y ... 1
- JU N ... |
- J U L . . .1
- A U G .. . |
- S E P . . .|
-OCT. . . |
- N O V .. .1
- D E C .. . 1
I
1
1 9 7 9-JA N .. . |
- F E B . . .1
-M AR .. . |
- A P R . . .1
- M A Y . . .1
- J U N . . .1
- JU L .. . 1
- A U G . . .1
- S E P .. . |
AMOUNT
M ILLIO N S
END
OF
MONTH
1 2 1 4 0 .2
1 2 2 72 .9
1 2 5 83 .0
1 2 9 29 .3
1 33 3 2 .9
1 3 7 4 8 .9
1 4 0 3 8 .0
1 41 32 .5
1 4 0 6 9 .3
1 3 7 8 8 .7
1 3 4 71 .3
1 3454.3
1 32 3 3 .3
1 32 7 3 .6
1 3 4 2 6 .8
1 3 6 2 9 .8
139 09 .1
1 4312.1
1 4 6 5 1 .5
1 4 8 46 .1
1 49 54 .7
1 47 4 3 .5
1 4601.1
1 4 9 01 .5
1 4884.1
1 4 9 9 1 .0
1 5 3 8 1 .2
1 5 8 0 7 .4
16214 .1
1 6 6 88 .3
1 70 15 .3
1 7 2 41 .6
1 7452.2
1
|
I
1
| CHANGE FROM P R E V I O U S l
|
1
|
MONTH
|
YEAR
|
1
|
1
1
1
|
1
1
i
|
I
|
1
1
|
|
|
1
|
1
1
1
1
1
!
1
1
I
1
1
1
1
1
1
|
|
OF DOLLARS
-5 6.1
1 3 2 .7
3 10 .1
3 4 6 .3
4 03.6
4 16.0
2 8 9 .1
9 4 .5
- 6 3 .2
-2 80 .5
- 3 17 .4
-1 7 .0
-2 2 0 .9
40.3
1 53 .2
2 0 3 .0
2 7 9 .3
4 0 3 .0
3 3 9 .4
1 94 .5
1 0 8 .6
-2 11 .2
- 1 42 .4
3 0 0 .4
-1 7.3
1 0 6 .8
3 9 0 .2
4 2 6 .2
4 0 6 .7
4 7 4 .2
3 2 7 .0
2 2 6 .3
2 10 .6
|
|
1
|
1
|
|
|
|
I
|
|
i
1
|
|
|
1
|
|
|
|
|
1
|
|
i
1
|
|
|
|
|
|
|
|
J
1429.1
1 449.7
1 46 5.8
1 50 8.5
1 626.2
174 3.3
1 8 4 7 .2
1813.1
1 7 4 7 .9
1 6 1 8.4
1490.5
1 2 5 7 .9
109 3.1
1 0 0 0 .7
8 43 .8
7 0 0 .5
5 7 6 .2
5 63 .2
6 1 3 .5
7 1 3 .6
8 8 5 .4
9 5 4 .8
1 129.8
1447.2
1 65 0.8
1 71 7.4
1 9 5 4.4
2 1 7 7 .6
2 3 0 5 .0
2 3 7 6.2
2 3 6 3 .8
2 3 9 5 .5
2 4 9 7 .5
|
|
|
|
1
|
|
|
|
|
|
|
l1
|
|
|
|
1
|
|
1
|
(
|
|
i1
|
|
1
|
|
|
|
|
|
PERCENTAGE CHANGE
FROM P R E V IO U S
MONTH
-0 .5
1.1
2 .5
2 .8
3 .1
3. 1
2. 1
0 .7
- 0 .4
-2 .0
-2 .3
- 0 .1
-1 .6
0.3
1.2
1 .5
2.0
2 .9
2 .4
1.3
0.7
-1 .4
-1 .0
2.1
-0 .1
0.7
2 .6
2 .8
2 .6
2 .9
2.0
1 .3
1.2
1
1
YEAR
|
1
1
|
1
|
1
|
|
|
|
|
1
1
|
|
1
1
|
|
|
1
|
|
|
1
1
1 3.3
1 3 .4
1 3.2
1 3 .2
1 3 .9
1 4 .5
1 5.2
1 4 .7
1 4 .2
1 3 .3
1 2 .4
1 0.3
|
|
1
|
|
|
|
1
1
1 2 .5
1 2 .9
1 4 .6
1 6.0
1 6 .6
1 6 .6
16.1
16.1
1 6.7
9.0
8 .2
6 .7
5.4
4 .3
4 .1
4 .4
5.0
6 .3
6 .9
8 .4
1 0 .8
|
I
1
|
1
BORROWERS
I
ii
1PERCENTAGE!
CHANGE
!
THOUSANDSI
FROM
J
1
1 P R E V IO U S !
YEAR
|
1
|
|
1
j
|
1
|
|
I
1
1
|
1
1
|
|
|
|
|
|
|
|
|
|
|
|
1
3 3 5 .3
3 3 7 .4
3 4 1 .7
3 45 .5
348 «?4
3 50 .4
3 5 1 .3
3 51 .2
3 50 .6
3 4 7 .9
3 4 4 .9
3 42 .8
|
|
|
|
|
|
|
|
1
3 4 5 .8
3 46 .9
3 5 0 .0
3 53 .2
3 5 6 .4
3 5 8 .5
3 5 9 .3
3 5 8 .0
3 6 0 .0
3 41 .2
3 4 1 .7
3 4 3 .7
3 46 .2
3 4 8 .0
3 49 .3
3 50 .5
3 51.3
3 5 0 .8
3 4 8 .8
346.3
3 5 3 .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
I
1
1
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
1 .8
1.3
0 .6
0 .2
- 0 .1
- 0 .3
- 0 .2
o.o
0.1
0.3
0 .4
3.1
1 .4
1 .5
1.8
2 .0
2 .4
2 .6
2 .5
1 .9
2 .6
AVERAGE
DOLLARS
!
!
!
|
!
!
J
J
I
|
1
!
1
1
|
|
|
|
!
|
1
!
I
!
!
1
1
36207 .
363 73 .
36828.
37424.
38266.
39233 .
39961.
40237.
401 30 .
39637.
39064 .
39253 .
|
1
|
!
1
!
|
1
!
4 3 0 45 .
432 18 .
4 3945.
44754.
45494.
46544 .
47358.
481 66 .
4 8482.
3 8788.
38850.
390 67 .
39366.
3 9971.
4 0 9 71 .
418 06 .
4 2 2 61 .
4 2625.
42274.
42164.
4 2 1 62 .
SIZ E
1PERCENTAGE
1 CHANGE
FROM
!
J P R E V IO U S
YEAR
!
|
|
!
!
!
!
!
!
1
J
!
!
i1
!
|
I
1
|
|
|
|
!
i
|
|
i
1
!
1
!
!
|
1
|
|
|
1 0 .9
1 1 .0
1 0 .8
1 0 .7
1 1 .2
1 1 .8
1 2 .4
1 2 .0
1 1 .4
1 0 .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
7 .9
7 .4
1 1 .0
11.2
1 2 .5
1 3 .7
13.8
1 3 .6
1 3 .3
1 4 .0
1 3 .7
TABLE 211.2
P R O DUCT I ON C R E D I T A S S O C I A T I O N S
LOANS OUT S T ANDI NG
S E A S O N A L L Y A D J U S T E D DATA
( END OF MONTH)
1
1
1
1
1
1
1
1
1977-JAN ..
-FEB .-MAR..
-APR..
-M AY..
-JU N ..
-JU L..
-AUG ..
-SEP ..
-O CT..
-NOV..
-D EC ..
1978-JA N .•
-FE B ..
-M AR..
-A PR..
-M AY..
-JU N ..
-JU L..
-AUG..
-SEP ..
-O CT..
-NOV..
-D EC ..
1979-JAN .•
-FE B ..
-M AR..
-A PR..
-M AY..
-JU N ..
-JU L ..
-AUG ..
-SEP ..
.1
.1
.1
.1
.1
.1
•1
.1
.1
•1
.1
•1
l
1
.1
.1
.1
•1
.1
.1
.1
•I
•1
.1
.1
.1
1
1
• 1
.1
.1
.1
.1
.1
.1
.1
•1
AMOUNT
MILLIONS
END
OF
MONTH
|
|
|
12533.1
12677.9
12814.7
12993.7
13191.9
13377.6
13547.0
13660.9
13752.5
13800.8
13813.1
13691.4
|
|
|
|
1
|
|
|
|
|
|
|
1
1
|
|
|
|
|
|
|
|
j
|
|
|
1
1
|
1
|
|
|
|
|
|
|
13666.6
13727.0
13688.8
13713.8
13778.6
13933.3
14135.1
14338.7
14609.5
14748.8
14969.5
15172.6
15374.3
15511.7
15689.8
15914.1
16071.6
16251.2
16413.3
16645.5
17044.4
OF
DOLLARS
CHANGE
FROM
MONTH
117.7
144.9
136.7
179.0
198.2
185.7
169.4
114.0
91.6
48.3
12.3
-121.7
|
|
|
|
|
|
|
|
|
|
|
|
|
1
1
-24 .8 |
60.4 |
-38.2 |
25.0 |
64.8 |
154.8 |
201.8 |
203.6 |
270.8 1
139.3 |
220.7 |
203. 1 |
i
1
201.7 |
137.4 |
178.0 |
224.4 j
157.5 |
179.6 |
162.1 |
232.1 |
399.0 |
I
1
PREVIOUSl
1
YEAR
|
1486.0
1527.5
1524.2
1551.0
1637.7
1712.6
1771.7
1724.6
1687.2
1599.3
1513.3
1276.0
1133.5
1049.1
874.1
720.1
586.7
555.8
588.1
677.8
857.0
948.0
1156.4
1481.3
1707.7
1784.7
2001.0
2200.4
2293♦0
2317.9
2278.2
2306.7
2434.9
|
|
|
|
|
|
|
|
|
|
|
|
I
1
1
|
|
|
|
|
1
|
|
|
|
|
1
1
|
|
|
|
|
|
|
|
|
P E R C E N T A G E CHANGE
FROM P R E V I O U S
MONTH
0.9
1.2
1.1
1.4
1.5
1.4
1.3
0 .8
0.7
0.4
0.1
-0.9
-0.2
0 .4
-0.3
0.2
0.5
1 .1
1.4
1.4
1.9
1.0
1.5
1.4
1.3
0.9
1.1
1.4
1.0
1 .1
1.0
1.4
2.4
|
1
YEAR
BORROWERS
I
1
1
i
i
1
I
1P E R C E N T A G E !
| THOUSANDS 1
CHANGE
|
FROM
|
1
1
|
1 PREVIOUS |
YEAR
|
1
1
|
1
1
|
1
|
1
|
|
|
|
|
i
1
|
j
|
|
|
I
|
|
|
|
1
|
l
13.5
13.7
13.5
13.6
14.2
14.7
15.0
14.4
14.0
13.1
12.3
10.3
1
|
1
1
|
1
|
I
j
12.5 |
13.0 |
14.6 I
16.0 |
16.6 |
16.6 |
16.1 |
16. 1 |
16.7 |
9 .0
8.3
6 .8
5.5
4 .4
4 .2
4.3
5 .0
6 .2
6 .9
8.4
10.8
|
|
|
|
|
|
|
1
|
|
|
|
I
1
|
|
|
|
|
|
|
|
1
|
|
|
1
342.4
341.8
342.9
343.9
345.0
345.7
346.1
346.4
347.3
347.9
349.9
347.5
1
1
1
1
1
1
1
1
1
1
1
1
I
1
I
1
1
1
1
1
348.3
346.2
345.1
344.8
344.7
344.7
345.4 .
346.5 1
347.6 1
348.8 I
351 . 4 1
358.4 1
i
I
353.0 1
351.5 1
351.5 1
351.8 1
353.1 1
353.9 1
354.1 I
353.1 1
356.6 1
AVERAGE
D OL L AR S
2.3
2.2
2.3
2 .4
2.5
2.6
2.5
2 .4
2.5
2 .4
2.4
2. 1
|
|
|
|
j
|
|
|
|
|
|
1
I
36607.
37089.
37366.
37784.
38237.
38697.
39140.
39431.
39599.
39668.
39475.
39395.
1.7
1.3
0.6
0.3
-0.1
-0.3
-0.2
0.0
0.1
0.3
0 .4
3 .1
|
|
1
|
|
|
|
|
1
|
|
|
1
39234.
39651.
39667.
39777.
39976.
40422.
40927.
41376.
42032.
42287.
42595.
42331.
1 .3
1 .5
1.9
2.0
2 .4
2.7
2.5
1.9
2.6
1
|
|
|
|
|
|
|
|
43549.
44130.
44637.
45239.
45520.
45926.
46352.
47137.
47790.
SIZE
I PERCENTAGE!
|
CHANGE
FROM
1
! PREVIOUS
YEAR
1
|
|
J
!
|
|
|
|
|
|
|
|
I
1
1
|
!
1
|
|
|
1
1
|
|
|
1
1
|
j
|
|
|
|
|
|
|
10.9
11.2
10.9
10.9
11.4
11.8
12.3
11.8
11.2
10.5
9.7
8. 1
7.2
6.9
6.2
5.3
4.5
4 .5
4.6
4 .9
6.1
6 .6
7.9
7.5
11.0
11.3
12.5
13.7
13.9
13.6
13.3
13.9
13.7
6
TABL E 212.1
P R O D UC T I ON C R E D I T A S S O C I A T I O N S
LOANS MADE AND NEW LOANS
1
1
1
1 MILLIONS
OF
1
DOLLARS
1
1
1977-JA N .• .(
-FEB. . . |
-M AR.. . |
-A PR.. . |
-M AY.. . |
-JU N .. . |
- J U L . . .|
-AUG .. . |
-SEP .. . |
—Oc T • • • |
-N O V ... |
- D E C . . .1
1
1
197 8 - J A N . . . |
-FEB .. . |
-M AR.. . |
-APR.. . |
- M A Y . . .1
-JU N ... |
-JU L .. . |
- A U G . . .1
-SEP .. . |
- O C T . . .1
-NOV.. . |
-DEC . . . 1
i
i
1979-J AN...1
-F E B ...I
-M AR.. . |
—A P R * . . 1
-M A Y ... |
- J U N . . .1
-JU L .. . 1
-AU G .. . 1
-SEP .. . 1
*
OUT S T ANDI NG
1973.7
1830.1
2196.2
1874.2
1652.2
1614.8
1292.0
1281.2
1284.4
1325.8
1545.4
2179.1
2054.0
1911.6
2414.1
2027.6
1909.4
1768.1
1544.2
1592.9
1576.7
1803.8
1967.1
2608.3
2696.7
2350.4
2889.8
2621.3
2352.4
2148.0
1962.3
1910.3
1879.6
LOANS
AT
LOANS
|
1
1
1
I
|
|
|
1
1
|
|
|
|
|
|
1
1
|
1
|
|
|
I
I
|
|
|
1
1
1
1
1
1
|
1
1
1
1
1
|
MADE
P E R C E N T A G E CHANGE
FROM P R E V I O U S
MONTH
|
YE A R
-8.1
—7 . 3
20.0
-14 .7
-11.8
-2.3
-20.0
-0.8
0 .2
3.2
16.6
41.0
|
|
|
|
!
|
|
|
1
|
|
|
1
10.0
14.8
13.7
9.3
17.0
12.3
9.7
8.8
9.9
9.5
3.9
1.5
-5.7
-6.9
26.3
-16 .0
-5.8
-6 .4
-13.6
3.2
-1.0
14.4
9.1
32.6
|
|
|
|
|
|
|
|
|
|
1
|
1
4.1
4.5
9.9
8.2
15.6
10.7
19.5
24.3
22.8
36.0
27.3
19.7
3 .4
-12.8
22.9
-9.3
-10.3
-8.7
-8.6
-2.7
-1.6
|
|
|
|
|
|
|
|
|
31.3
23.0
19.7
29.3
23.2
20.1
27.1
19.9
19.2
END OF
PRECEDING
1
1
1
1
1
1
1
I
1
1
1
1
i
1
1
1
1
1
1
1
1
1
1
1
1
1
i
1
1
1
1
1
1
1
1
1
1
16.2
15.1
17.9
14.9
12.8
12.1
9 .4
9. 1
9.1
9 .4
11.2
16.2
15.3
14.4
18.2
15.1
14.0
12.9
10.8
10.9
10.6
12.1
13.3
17.9
18.1
15.8
19.3
17.0
14.9
13.2
11.8
11.2
10.9
|
|
1
|
|
|
|
|
|
|
|
|
1
1
|
|
|
|
|
|
|
|
I
1
|
|
i
1
|
|
|
|
|
1
|
|
|
167.9
209.0
218.7
216.7
206.3
198.5
181.5
144.9
125.5
103.5
112.6
160.6
|
|
|
|
|
I
|
|
1
|
|
|
1
1122.1
1007.5
1309.9
1211.3
1203.5
1227.3
1000.6
979.2
961.8
998.9
1052.6
1345.0
146.5
190.9
190.8
187.5
174.0
176.4
174.8
151.1
138.7
110.2
123.6
179.8
|
|
|
|
j
|
|
|
|
|
|
|
j
1176.5
1040.3
1447.3
1285.2
1374.3
1408.7
1217.5
1243.2
1238.2
1419.6
1439.1
1745.7
158.4
183.3
198.6
191.4
172.5
167.2
155.5
148.8
143.8
|
|
|
|
|
|
|
!
|
1679.0
1378.5
1838.0
1783.2
1759.7
1748.4
1573.5
1496.6
1508.1
NEW LOANS
|
|
|
I
|
|
|
1
|
|
|
|
|
|
1
|
1
1
|
|
|
|
|
|
|
|
|
|
|
|
i
1
|
|
|
|
|
|
|
|
|
P E R C E N T A G E CHANGE
FROM P R E V I O U S
MONTH
-17.4
-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
2.1
-0.4
14.6
1.4
21.3
-3.8
-17.9
33.3
-3.0
-1.3
-0.6
-10.0
-4.9
0.8
|
|
|
|
|
|
|
|
|
1
|
|
|
1
I
|
|
|
|
|
|
|
|
|
|
|
1
I
1
|
|
|
|
|
|
|
|
|
AS P E R C E N T A G E OF
I
1
COLLEC
1 LOANS O U T - |
TIONS
1 STANDING*!
YEAR
8.9
13.5
12.0
6.3
17.8
8 .6
9.7
9.3
7 .4
10.5
2.7
-1 .0
4.8
3.3
10.5
6.1
14.2
14.8
21.7
27.0
28.7
42.1
36.7
29.8
42.7
32.5
27.0
38.8
28.0
24.1
29.2
20.4
21.8
1
1
1
1
1
1
1
1
1
1
1
1
l
1
1
1
1
1
1
I
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
9.2
8.3
10.7
9.6
9 .3
9 .2
7.3
7.0
6.8
7.1
7 .6
io .o
8 .7
7.9
10.9
9 .6
10.1
10.1
8 .5
8.5
8.3
9.5
9 .8
12.0
11.3
9 .3
12.3
11.6
11.1
10.8
9 .4
8.8
8 .7
|
!
!
!
i
|
!
»
1
!
!
!
i
I
J
!
!
J
|
1
!
!
|
|
!
|
i
1
!
!
!
!
|
!
|
|
|
95.5
115.1
130.4
140.0
150.3
150.8
140.6
110.7
94.0
78.0
76.7
99.1
83.9
103.9
114.4
118.8
125.2
138.9
137.9
117.9
109.0
86.8
90.4
120.3
98.6
107.5
126.3
130.2
129.0
136.1
124.7
lib .6
115.4
MONTH.
'•NEW L O A N S ” ARE C O M P U T E D AS LO A N S MADE LESS
AS P E R C E N T A G E OF
1
1
COLLEC1LOANS OUT—|
TIONS
1 STANDING*!
1
i
i
I MILLIONS
OF
1
|
DOLLARS
|
RE NEWALS.
RE N E W A L S
INCL UD E SOME NONAGRI C U L T U R A L LO AN S
(SEE NOTE ON PAGE 3)
TABLE 212.3
7
P R O D UC TI ON C R ED IT A S S O C I A T I O N S
LOANS MADE AND NEW LOANS
T W E L V E - M O N T H MOVING TOTAL
LOANS MADE
MILLIONS
OF
DOLLARS
*
1 9 7 7 - J AN• • . |
-FEB. . . |
-MAR.. . |
-A PR.. . |
-M A Y ... |
-JU N .. . j
-JU L .. . 1
- A U G . . .1
-SEP .. . |
- O C T . . .1
-NOV.. . |
-D EC .. . |
18434.4
18670.5
18934.5
19094.4
19334.2
19510.4
19625.1
19728.3
19844.1
19959.4
20017.1
20049.3
1978-JA N .• . |
-FE B .. . |
- M A R . . .1
-A PR.. . |
-M A Y... |
-JU N ... |
-JU L.. . |
-A U G .. . |
-S E P .. . |
-O CT.. . |
- N O V . . .1
-D E C ... |
20129.6
20211.1
20428.9
20582.3
20839.5
21012.8
21264.9
21576.7
21868.9
22346.8
22768.6
23197.7
19 7 9 -JA N .. . |
-FE B .. . |
-M A R ... |
-A P R .. . 1
-M AY.. . |
-JU N ... |
- J U L . . .1
- A U G . . .1
- S E P . . .1
23840.5
24279.3
24755.0
25343.7
25791.7
26151.6
26569.8
26887.1
27190.0
AV E R AG E OU T S T A N D I N G
|
|
|
1
MONTH
|
YEAR
|
AS P E R C E N T A G E OF
I
I LOANS O U T - |
COLLEC| STANDING*!
TIONS
|
|
|
MILLIONS
OF
D OL L AR S
|
|
|
|
|
|
|
|
1
|
|
1
1
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
1
0 .4 |
0 .4 |
1.1 1
0. 8 |
1 .2 |
0.8 |
1.2 |
1.5 |
1.4 |
2.2 |
1.9 |
1.9 |
1
13.7
13.9
12.2
11.4
11.8
11.4
11.8
11.1
11.1
11.9
10.4
9.8
j
|
|
|
|
|
|
|
|
|
|
|
1
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
9.2
8.3
7.9
7.8
7.8
7.7
8.4
9.4
10.2
12.0
13.7
15.7
|
|
|
|
|
|
|
|
|
|
|
|
II
151.0
150.6
151.3
151.6
152.9
153.6
154.9
156.6
158.0
160.6
162.7
164.7
|
|
|
|
|
1
|
|
|
|
|
|
1
162.5
161.5
159.9
158.4
156.8
155.8
155.6
156.0
156.8
156.3
156.8
158.7
|
|
|
I
|
|
|
|
|
j
|
|
13474.0
13506.8
13644.2
13718.1
13888.9
14070.3
14287.2
14551.3
14827.7
15248.4
15634.9
16035.6
|
1
1
|
|
|
|
|
|
2.8
1.8
2.0
2.4
1 .7
1.4
1.6
1.2
1 .1
18.4
20.1
21.2
23.2
23.8
24.5
24.9
24.6
24.3
|
|
|
|
|
|
|
|
|
167.8
169.3
170.9
173.0
173.9
174.1
174.5
174.4
174.1
|
1
|
|
|
|
|
|
|
159.8
159.8
160.9
161.7
161.8
161.3
160.2
159.9
160.1
|
|
|
i
|
J
|
|
j
16538.1
16876.4
17267.1
17765.1
18150.5
18490.2
18846.2
19099.6
19369.5
1
LOANS
’•NEW LOANS'* ARE C O M P U T E D
P E R C E N T A G E CHANGE
FROM P R E V I O U S
NEW LOANS
|
|
|
|
|
J
|
|
1
DUR I NG T HE
PRECEDING
AS LOANS MA DE LESS
1
12
MONTHS
RENEWALS.
(AVERAGE
R E N E WA LS
OF
|
|
j
I
P E R C E N T A G E CHANGE
FROM P R E V I O U S
MONTH
|
j
!
|
|
|
|
|
|
|
|
|
1
1
1
|
|
|
1
|
1
|
J
j
|
|
1
1
0.7
1.0
1.1
0.6
1.4
0.8
0.7
0.6
0.5
0.7
0.2
-0.1
|
!
|
|
j
1
1
|
|
3.1
2.0
2.3
2.9
2.2
1 .9
1.9
1.3
1.4
END- OF - MONTH
0.4
0.2
1 .0
0.5
1.2
1.3
1.5
1.8
1 .9
2.3
2.5
2.6
|
AS P E R C E N T A G E OF
1
|
I LOANS OUT- 1
COLLEC
1 STANDING*!
TIONS
YEAR
|
|
1
|
|
|
|
|
|
1
|
|
1
1
|
|
|
|
|
|
|
I
|
|
|
|
1
14.9
15.1
13.0
11.5
11.7
10.6
10.8
10.0
9.8
10.6
9 .0
8.5
|
|
|
|
|
|
I
|
|
22.7
24.9
26.6
29.5
30.7
31.4
31.9
31.3
30.6
3.1
7.4
7.3
7.2
7.0
7.6
8.6
9.9
11.4
13.7
16 . 4
19.5
|
|
|
|
|
|
|
|
|
|
|
|
I
1
|
|
I
|
I
|
|
|
|
|
I
|
|
106.1
106.0
106.1
105.6
106.1
105.7
105.2
104.5
103.8
103.4
102.5
101.5
|
j
{
|
1
j
|
|
|
116.4
117.7
119.2
121.3
122.4
123.1
123.8
123.9
124.0
101.1
100.6
101.0
101.1
101.9
102.8
104.1
105.6
107.1
109.6
111.7
113.8
|
|
|
|
!
|
1
|
|
|
!
|
1
|
|
|
|
|
|
|
|
|
|
J
(
I
1
|
!
|
|
J
|
!
!
!
113.3
113.3
113.2
113.5
114.4
115.5
116.4
115.9
115.2
113.8
112.5
110.3
108.7
107.9
106.8
105.6
104.5
104.3
104.6
105.2
106.3
106.6
107.7
109.7
110.9
111.1
112.2
113.3
113.9
114.1
113.6
113.6
114.0
DATA).
INCLUDE SOME NON A G RI CU LT U RAL LOANS
(SEE NOTE ON PAGE 3)
8
TA BLE 213.1
P R O DUCT I ON C R E D I T A S S O C I A T I O N S
RE NE WAL S AND C O L L E C T I O N S
COLLECTIONS
R E NEWAL S
P E R C E N T A G E CHANGE
FROM P R E V I O U S
1 MILLIONS
OF
1
DOLLARS
1
1
1
|
1
1
1977-J AN.•.1
-FEB. . . |
-M A R ... |
-A P R ... |
-M AY.. . |
- J U N . . .1
-JU L .. . |
-AU G .. . |
- S E P . . .1
-O C T .. . |
-NOV.. . |
-D EC .. . |
i
1
851.6
822.7
886.4
662.9
448.7
387.6
291.4
302.1
322.6
326.9
492.8
834.2
|
|
1
I
|
|
|
1
1
1
1
1
|
8 .0
-3.4
7.7
-25.2
-32.3
-13.6
-24.8
3 .7
6 .8
1.3
50.8
69.3
|
|
|
|
|
|
|
1
1
1
|
I
l
11.4
16.4
16.3
15.2
14.7
25.4
9.8
7.1
18.2
6.7
6.5
5.8
1978-JAN .. . 1
-FEB. . . |
-M AR.. . |
-A PR .. . |
-M AY.. . |
-JU N ... |
- J U L . . .1
-AU G .. . |
-S E P ...|
-O C T .. . |
-NOV.. . |
- D E C . . .1
i
1
877.5
871.4
966.7
742.5
535.1
379.4
326.6
349.7
338.4
384.2
528.0
862.6
1
|
|
|
|
1
|
|
|
1
1
1
1
1
5.2
-0 .7
10.9
-23.2
-27.9
-29.1
-13.9
7.1
-3.2
13.5
37.4
63.4
|
|
|
|
|
|
|
|
|
|
|
|
1
1
3.0
5.9
9 .1
12.0
19.3
-2.1
12.1
15.8
4 .9
17.5
7.2
3.4
1979-JA N .. . |
-F E B ...I
-M AR.. .|
-APR. . . |
-M AY.. . |
-JU N .. . j
-JU L .. . I
-AUG .. . 1
-SEP .. . 1
1017.7
971.9
1051.8
838.0
592.8
399.6
388.8
413.7
371.5
1
|
i
|
1
|
I
1
1
18.0
-4.5
8 .2
-20.3
-29.3
-32.6
-2.7
6 .4
-10.2
|
|
|
|
|
|
|
|
|
16.0
11.5
8.8
12.9
10.8
5 .3
19.0
18.3
9.8
♦ OUTSTANDING
LOANS
AT
END OF
RE N E W A L S A N D C O L L E C T I O N S
MONTH
|
YEAR
PRECEDING
INCLUDE
AS P E R C E N T A G E : o f
|
1 MILLIONS
|
OF
1
I LOANS O U T - |
DOLLARS
LOANS
I C O L L E C T . £|
MADE
| STANDING*!
j RENEWALS I
|
|
|
1
|
|
|
!
|
|
|
|
1
|
|
|
1
1
|
|
|
|
|
|
|
|
|
|
|
|
1
1
|
|
(
|
|
|
|
|
|
|
|
|
I
1
|
!
|
|
|
|
|
|
|
j
|
|
1
|
|
|
|
|
I
|
|
|
7.0
6 .8
7.2
5.3
3.5
2.9
2.1
2.2
2 .3
2.3
3.6
6 .2
6.5
6 .6
7.3
5.5
3 .9
2.7
2.3
2 .4
2.3
2 .6
3.6
5.9
6 .8
6.5
7 .0
5.4
3 .7
2.5
2.3
2 .4
2.2
I
|
|
|
|
|
|
|
|
|
I
|
l
1
|
|
|
|
|
|
|
|
|
|
|
|
1
1
|
|
|
|
1
1
1
|
|
43.1
45.0
40.4
35.4
27.2
24.0
22.6
23.6
25.1
24.7
31.9
38.3
42.7
45.6
40.0
36.6
28.0
21.2
21.2
22.0
21.5
21.3
26.8
33.1
37.7
41.4
36.4
32.0
25.2
18.6
1 9. 8
21.7
19.8
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
1
1
1
1
1
1
1
42.0
48.4
46.9
43.4
35.9
32.3
29.0
25.5
24.0
20.3
26.4
38.1
38.5
46.5
43.3
40.7
32.8
27.2
27.0
24.9
22.9
19.0
24.9
37.3
37.4
43.1
42 . 0
38.0
30.3
23.7
23.6
24.4
22.1
|
|
|
|
|
|
|
|
|
|
|
|
I
1
|
|
|
|
I
|
|
|
|
I
|
|
1
|
|
|
|
|
|
j
|
|
MONTH.
SOME N O N A G R I C U L T U R A L LOAN S
(SEE NOTE ON PAGE 3).
1175.3
875.5
1004.4
865.0
800.8
813.7
711.8
884.4
1023.3
1281.0
1372.0
1356.7
1402.0
1001.5
1265.1
1081.4
1097.5
1014.0
883.2
1054.2
1136.5
1636.2
1591.3
1450.7
1702.7
1282.2
1454.9
1369.8
1363.6
1284.3
1261.6
1283.5
1307.1
|
1
j
1
|
I
|
|
|
P E R C E N T A G E CHANGE
FROM P R E V I O U S
MONTH
|
3.5
-25.5
14.7
-13.9
-7.4
1 .6
-12.5
24.3
15.7
25.2
7.1
-1.1
|
1
|
|
|
|
|
|
|
|
1
1
i
3.3
-28.6
26.3
-14.5
1.5
-7.6
-12.9
19.4
7.8
44.0
-2.7
-8.8
|
1
|
|
|
|
|
|
|
|
|
|
I
17.4
-24.7
13.5
-5.8
-0.5
-5.8
-1.8
1 .7
1 .8
|
|
|
|
|
|
|
|
|
YEAR
AS P E R
1
1 C E N T A G E OF
1 LOANS OUT
1 STANDING*
10.6
12.8
15.3
4.1
9.6
-1.8
-1.6
14. 9
14. 7
21.4
13.2
19. 5
1
1
1
1
1
1
1
1
1
1
I
1
j
1
19.3 1
14.4 1
26.0 1
25.0 1
37.0 1
24.6 1
24. 1 1
19.2 1
11.1 1
27.7 1
16.0 1
6 .9 1
1
1
21.4
28.0
15.0
26.7
24.2
26.7
42.8
21.7
15.0
1
1
1
1
1
1
1
1
1
9.6
7.2
8.2
6 .9
6.2
6 .1
5.2
6.3
7.2
9 .1
9.9
10.1
10.4
7.6
9.5
8 .1
8.1
7.3
6 .2
7.2
7.7
10.9
10.8
9.9
11.4
8.6
9.7
8.9
8.6
7.9
7.6
7.5
7.6
9
TABLE 213.3
P R O D UC TI ON CREDIT A S S O C I A T I O N S
R E NE WA LS AND CO LL EC T I O N S
T W E L V E - M O N T H MOVING TOTAL
RE NEWAL S
1
1
1
1 MILLIONS
OF
1
DO L L A R S
i
1
1977-J AN..
-FEB. .
-M AR..
-A P R ..
-M AY..
-JU N ..
-JJL. .
-AU G ..
-S E P ..
-O CT..
-NOV..
-D EC ..
1978-J AN ..
-FEB. .
-M AR..
-A PR ..
-M AY..
-JU N ..
“ JU L..
-AU G ..
-S E P ..
-O C T ..
-N O V..
-D EC ..
1979-JA N ..
-FE B ..
-MAR..
-A P R ..
-M AY..
-JU N ..
-JU L..
-AU G ..
-S E P ..
♦ AV E R AGE
. j
. |
.1
. |
. |
.|
. |
.1
. |
. |
. |
. |
i
1
. |
. |
. |
. |
. |
. |
. |
. j
. |
. j
. |
. |
i
1
. |
. |
. |
. |
. |
. |
.|
. |
. |
5973.6
6089.5
6213.6
6301.4
6358.9
6437.5
6463.5
6483.6
6533.2
6553.8
6583.8
6629.7
6655.6
6704.3
6784.7
6864.2
6950.6
6942.5
6977.7
7025.4
7041.2
7098.5
7133.7
7162.1
7302.4
7402.9
7488.0
7583.6
7641.2
7661.4
7723.6
7787.5
7820.6
OUT S T AN D I NG
|
|
|
1
MONTH
|
|
|
|
|
|
j
|
|
|
|
I
i
1
|
|
|
I
|
|
|
|
|
!
|
|
I
|
|
|
|
|
|
|
1
|
Y EAR
I
1.5
1.9
2.0
1.4
0.9
1.2
0.4
0 .3
0.3
0.3
0 .5
0.7
1
|
|
1
|
1
|
|
1
|
|
|
i
1
0 .4 |
0 .7 |
1.2 |
1.2 1
1.3 1
-0.1
|
0.5 |
0 .7 |
0.2 |
0. 8 |
0.5 |
0 .4 |
i
i
2.0 |
1.4 |
1 .1 1
1.3 |
0 .8 |
0.3 |
0 .8 |
0 .8 |
0 .4 |
LOANS
RE NE WA LS AN D C O L L E C T I O N S
P E R C E N T A G E CHANGE
FROM P R E V I O U S
DUR I NG
INCLUDE
11.3
11.5
10.8
11.4
12.2
13.0
13.8
13.4
13.9
14.6
13.4
12.6
11.4
10.1
9.2
8.9
9.3
7.8
8.0
8.4
7.8
8.3
8.4
8.0
9.7
10.4
10.4
10.5
9.9
10.4
10.7
10.8
11.1
THE
COLLECTIONS
1
i
1
AS P E R C E NT A GE OF
1 MILLIONS
1
OF
1
1
( L OA NS O U T - (
I C O L L E C T . C|
LOANS
DO L L A R S
MADE
j RENEWALS 1
1 STANDING*!
50.9
51.3
51.8
52.0
52.0
52.0
51.6
51.2
51.0
50.5
50.3
50.1
1
1
1
1
1
I
1
1
1
1
1
1
I
I
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
PRECEDING
49.9
50.0
50.2
50.6
51.0
50.7
50.8
51.0
50.9
51.0
51.0
50.8
51.4
51.6
51.7
51.8
51.5
51.0
50.7
50.5
50.1
12
j
|
|
|
|
|
|
|
|
J
|
|
I
I
|
1
|
|
|
1
|
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
33.1
33.2
33.2
33.4
33.4
33.0
32.8
32.6
32.2
31.8
31.3
30.9
34.9
34.9
34.7
34.6
34.3
34.0
33.8
33.7
33.6
33.2
32.9
32.9
|
|
|
|
|
|
|
|
j
30.6
30.5
30.2
29.9
29.6
29.3
29.1
29.0
28.8
32.9
32.8
32.7
32.6
32.4
32.1
31.8
31.7
31.5
MONTHS
SOME N O N A G R I C U L T U R A L LOANS
(AVERAGE
OF
|
|
I
|
|
1
|
|
|
|
|
|
I
1
|
|
|
|
|
|
1
1
|
|
j
1
|
11001.2
11100.8
11233.9
11267.7
11337.8
11323.1
11311.5
11426.1
11557.3
11783.4
11942.9
12163.9
|
|
|
|
|
1
1
|
|
14914.4
1 5195.1
15384.8
15673.2
15939.3
16209.7
16588.1
16817.3
16988.0
12390.6
12516.7
12777.4
12993.9
13290.6
13490.8
13662.2
13832.0
13945.2
14300.4
14519.7
14613.7
E ND- OF- MONTH
(SEE NOTE ON PAGE 3)
|
|
|
1
P E R C E N T A G E CHANGE
FROM P R E V I O U S
MONTH
|
|
|
|
|
|
|
|
|
|
|
|
l
1
|
|
|
1
|
|
I
|
|
|
|
|
|
1.0
0.9
1 .2
0.3
0.6
-0.1
-0.1
1 .0
1.1
2.0
1.4
1.8
|
|
|
|
|
|
|
|
|
2 .1
1.9
1 .2
1 .9
1.7
1.7
2 .3
1 .4
1.0
DATA).
1.9
1.0
2.1
1.7
2.3
1 .5
1.3
1.2
0.8
2.5
1.5
0.6
1
YEAR
AS P E R
C E NT A G E OF
LOANS OUT
STANDING*
1
1
1
1
1
1
1
i
1
1
1
1
I
1
1
1
1
1
1
1
1
1
1
1
1
1
i
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
12.6
12.8
13.7
15.3
17.2
19.1
20. 8
21.1
20.7
21.4
21.6
20.1
93.0
93.3
94.6
95.7
97.5
98.6
99.5
100.4
100.8
102.8
103.8
103.7
1
1
1
1
1
1
1
1
1
20.4
21.4
20.4
20.6
19.9
20.2
21.4
21.6
21.8
105.0
105.9
106.2
107.0
107.5
107.9
109.0
109.1
108.8
A G R I C U L T U R A L FINANCE
2 20
FEDERAL
221
LOANS
221.1
222
LOANS
L OANS)
O UT S T AN D I NG
CLOS ED
NEW MONEY LOANED
A C T U A L ...............................................................................................
14
12-MONTH MOVING T O T A L ............................................................................................................................... 15
REFINANCING
224.1
224.3
SOURCE:
(AGRICULTURAL
1979
A C T U A L ........................................................................................................................................................................... 12
12- MONTH MOVING T O T A L ............................................................................................................................... 13
223.1
223.3
224
BANKS
OC TO BE R
A C T U A L .......................................................................................................................................................................... 11
222. 1
222.3
223
LAND
D A T A B O O K — M O N T H L Y SERIES
AND
R E P AY ME NTS
A C T U A L .......................................................................................................................................................................... 16
12-MONTH MOVING T O T A L ............................................................................................................................... 17
“ F E D E R A L LAND BANKS — SUMMARY OF S E L E C T E D
T E C H N I C A L S E R V I C E S D I V I S I O N , FARM C R E D I T
MONTHLY LOAN D A T A , "
ADMINISTRATION.
DATA IN T H I S S E C T I O N ARE O B T A I N E D FROM T I M E L Y MONTHLY R E P O R T S WHICH ARE NOT
R E V I S E D TO R E F L E C T ANY S U BS E Q UE N T CHANGES OR C O R R E C T I O N S .
I F ONLY Y E A R - E N D
DATA ON OU T S T A N D I NG LOAN VOLUME ARE R E Q U I R E D , USE THE S E R I E S IN S E C T I O N 1 0 0
OF THE A G R I C U L T U R A L F I N A N C E DATABOOK— ANNUAL S E R I E S . NOVEMBER 1 9 7 7 .
10
TABLE 221.1
li
F E D E R A L LAND BANKS
LOANS OUT S T ANDI NG
( E N D OF MONTH)
AMOUNT
MILLIONS
OUTSTANDING
OF
DOLLARS
i
!
| CHANGE FROM P R E V I O U S !
|
1
YEAR
|
MONTH
|
1
P E R C E N T A G E CHANGE
FROM P R E V I O U S
MONTH
1 97 7-J A N .•• |
- F E B . . .1
-M AR.. . |
-A P R ... |
-M A Y ... |
-JU N ... |
-JU L.. . |
-AUG .. . |
-S E P ... |
- O C T .. .|
-NOV.. .|
- D E C . . .1
18692.7
L8921.9
19330.8
19625.0
19916.8
20190.2
204-40 • 8
20658.0
20873.7
21057.0
21258.2
21466.3
|
l
|
|
|
|
|
|
|
|
1
|
I
168.5
229.2
409.0
294.2
291.8
273.4
250.6
217.2
215.7
183.3
201.2
208.1
|
|
|
|
|
|
I
|
|
|
1
1
|
2502.8
2552.3
2631.0
2678.8
2757.3
2787.0
2818.1
2851.8
2891.5
2909.3
2938.0
2942.1
1
|
|
I
|
|
|
|
|
|
1
|
1
0.9
1 .2
2.2
1.5
1.5
1.4
1 .2
1.1
1.0
0.9
1.0
1.0
1978-JA N .• .|
-F E B ...I
-M A R ... |
- A P R . . .1
-M A Y...|
-JU N ... |
-JU L.. . |
-AU G .. . |
- S E P . . .1
-O C T ... |
-N O V ... |
-D EC .. . 1
21672.2
21395.7
22234.1
22480.7
22806.7
23130.7
23394.6
23677.6
23938.7
24210.9
24460.7
24668.0
|
|
|
|
|
|
|
|
|
|
1
|
|
205.8
223.5
338.4
246.6
326.0
324.0
263.9
283.0
261.1
272.3
249.8
207.3
|
|
|
|
|
|
|
|
|
|
!
|
|
2979.5
2973.8
2903.2
2855.7
2889.9
2940.4
2953.7
3019.6
3064.9
3153.9
3202.5
3201.7
1.0
1.0
1.5
1.1
1.4
1.4
1.1
1 .2
1.1
1.1
1.0
0.8
1979-JA N .• . |
- F E B . . .1
-M A R ... |
-APR.. . |
-M AY.. .|
-JU N ... |
-JU L ... |
- A U G . . .1
-SEP .. . |
25053.0
25357.8
25850.9
26294.1
26780.9
27261.0
27657.7
28103.2
28430.2
|
|
|
|
|
|
|
|
|
385.0
304.8
493.1
443.2
486.8
480.1
396.7
445.5
327.0
|
|
|
|
|
|
|
|
|
3380.8
3462.1
3616.8
3813.4
3974.2
4130.4
4263.1
4425.6
4491.6
|
I
|
|
|
|
1
|
I
|
|
|
i
1
|
|
|
|
i
|
|
|
|
1.6
1.2
1.9
1.7
1.9
1.8
1 .5
1.6
1 .2
|
!
j
1
|
|
I
1
1
1
l
|
|
|
1
1
|
|
1
i
1
1
1
1
1
1
j
|
1
1
j
|
1
I
|
1
1
|
1
YE A R
NUMBER
|
I
i
Ii
i
|
1P E R C E N T A G E !
I THOUSANDS!
CHANGE
|
1
1 FROM L A S T !
|
YEAR
|
1
1
j
!
15.5
15.6
15.8
15.8
16.1
16.0
16.0
16.0
16.1
16.0
16.0
15.9
|
|
|
|
|
|
|
1
|
|
|
1
i
450.9
451.5
452.9
453.8
454.8
456.0
457.0
457.8
458.6
459.1
459.2
459.5
15.9
15.7
15.0
14.6
14.5
14.6
14.5
14.6
14.7
15.0
15.1
14.9
|
|
1
|
I
j
j
|
|
|
|
|
1
1
|
|
|
I
|
|
|
!
|
459.8
460.4
461.3
461.8
463.1
464.6
465.9
467.2
468.4
469.5
470.3
471.2
15.6
15.8
16.3
17.0
17.4
17.9
18.2
18.7
18.8
472.5
473.8
476.0
477.8
480.0
482.4
484.6
486.9
488.7
1
1
1
1
1
1
!
1
1
1
1
1
t
1
1
1
!
!
!
1
1
1
1
1
1
1
i
i
1
1
1
1
1
!
1
1
1
1.7
1.8
1.8
1.8
1.7
1.8
1.8
1 .8
1 .8
1 .9
1.9
1.9
2.0
2.0
1.9
1 .8
1 .8
1 .9
2.0
2.1
2.1
2.3
2 .4
2.5
2.8
2.9
3.2
3.5
3 .6
3.8
4.0
4.2
4.3
1
|
I
|
J
|
|
!
1
|
!
|
1
1
|
|
|
|
J
!
|
!
1
J
|
J
i
1
|
|
!
!
|
!
!
|
!
AV E R AG E
DOLLARS
41457.
41909.
42684.
43243.
43792.
44273.
44732.
45124.
45519.
45868.
46289.
46714.
47136.
47559.
48193.
48680.
49247.
49787.
50213.
50677.
51104.
51564.
52010.
52355.
53020.
53522.
54304.
55030.
55793.
56510.
57070.
57716.
58171.
SIZE
I PERCENTAGE!
CHANGE
J
I FROM L A S T
YE A R
1
1
J
|
|
J
|
|
|
1
1
!
|
|
l
1
J
|
J
!
1
|
!
|
!
|
J
I
i
1
|
!
J
|
|
!
J
|
!
13.5
13.6
13.8
13.8
14. 1
14.0
14.0
14.0
14.0
13.9
13.8
13.7
13.7
13.5
12.9
12.6
12.5
12.5
12.3
12.3
12.3
12.4
12.4
12. 1
12.5
12.5
12.7
13.0
13.3
13.5
13.7
13.9
13.8
T A B L E 222.1
F E D E R A L LAND BAN
LOANS C L O S E D
AMOUNT
1 MILLIONS
OF
1
DOLLARS
1
1
1
|
|
1
463.7
429.5
679.0
521.3
518.3
506.0
492.2
402.9
379.7
358.6
418.9
448.9
|
|
1
1
1
!
1
|
|
|
|
|
1977-JA N .• . |
-F E B ... |
-M A R ...|
- A P R . . .1
-M AY.. . |
-JU N ... |
-JU L.. . |
- A U G . . .1
-S E P ... |
-O C T ...|
-N O V ... |
- D E C . . .1
1
1
1 9 7 8 - JAN. • . |
-F E B ...I
-M A R... |
-A P R ... |
-M A Y...|
-JU N ... |
- J U L . . .1
-A U G ...1
-SE P .. . |
-O C T ...|
-NO V.. . |
- D E C . . .1
1
1
1979-JAN .• . |
- F E B . . .1
-M AR... 1
-A P R ...1
-M AY.. . |
- J U N . . .!
- J U L . . .1
- A U G . . .1
-SEP .. . 1
502.7
433.0
618.9
492.1
570.7
559.7
461.9
480.7
454.9
485.9
470.3
483.1
734.4
530.7
798.9
733.0
790.2
747.5
657.5
691.8
524.6
|
J
1
|
|
|
I
|
|
|
j
1
1
1
|
|
1
1
1
1
1
|
|
NUMBER
P E R C E N T A G E CHANGE
FROM P R E V I O U S
MONTH
6 .0
-7.4
58.1
-23 .2
-0 .6
-2.4
-2 .7
-18 .2
-5 .7
-5.6
16.8
7.2
|
|
|
|
1
|
|
|
|
|
|
|
|
1
1
12.0 |
-13 .9 |
42.9 |
-20 .5 |
16.0 |
-1.9 |
-17.5 |
4. 1 |
-5 .4 |
6 .8 |
-3.2 |
2.7 |
i
1
52.0 |
-27.7 |
50.5 |
-8.2 |
7 .8 |
-5.4 |
-12.0 |
5.2 |
-24.2 |
YEAR
18.0
23.8
28.7
19.4
42.5
24.9
34.1
25.6
17.5
14.4
19.5
2 .6
8.4
0.8
-8.8
-5.6
10.1
10.6
-6.2
19.3
19.8
35.5
12.3
7.6
46. 1
22.6
29.1
49.0
38.5
33.5
42.3
43.9
15.3
* O U T S T A N D I N G LOANS AT END OF P R E C E D I N G M O NT H
A V E R AG E
|
1PE RCE NTA GE
CHANGE
I T HOUSANDS !
1
1 FROM L A S T
|
YEAR
1
|
|
|
1
|
|
|
|
|
|
|
|
i
1
I
1
I
|
|
|
|
|
|
|
|
|
1
1
|
|
|
|
1
|
|
|
|
4.9
4.7
6.8
5.6
5.8
5.9
4.8
4.8
4.5
4 .4
4 .8
5.0
4.9
4.5
5.9
4.9
5.9
5.9
4.8
5.3
4.7
5.2
5.2
5 .2
6.2
5.0
6.9
6.1
6 .9
6 .6
6.2
6.4
5.2
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
t
1
1
1
1
1
1
1
1
1
1
2.4
5.6
6.6
4.6
19.0
13.4
7.3
10.1
7 .0
6.4
8.5
-0.9
D OL L AR S
94058.
91013.
99833.
92640.
89273.
86233.
102888.
83792.
85203.
82240.
86442.
89729.
SIZE
AS
PERCENTAGE
I PERCENTAGE!
L OANS
J
OU T !
|
CHANGE
1
! FROM L A S T ! S T A N D I N G * !
!
YEAR
J
!
J
|
1
!
!
|
|
I
|
!
|
!
I
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
1
1
1
!
1
1
1
1
1
1
!
!
1
-0.2
-4.7
-13.3
-12.8
1.2
0.4
1.3
10.9
4 .4
19.9
6.5
3.0
102187.
96334.
104921.
100255.
97164.
95029.
95272.
90130.
97744.
92918.
91087.
93784.
!
|
!
|
J
!
1
J
J
!
!
j
i
8.6
5.8
5.1
8.2
8.3
10.2
-7.4
7.6
14.7
13.0
5.4
4 .5
26.4
10.2
17.1
24.6
18.3
12.7
28.3
20.4
10.8
118095.
107147.
115682.
119910.
113716.
112593.
105705.
107772.
101719.
J
|
1
|
!
1
|
!
1
15.6
11.2
10.3
19.6
17.0
18.5
10.9
19.6
4. 1
1
1
i
i
1
i
i
1
i
1
J
!
!
1
1
1
OF
REPAY
MENTS
2.5
2 .3
3.6
2.7
2.6
2.5
2 .4
2.0
1.8
1.7
2 .0
2.1
1
!
|
|
|
1
|
|
|
J
1
!
1
223.
367.
475.
475.
457.
403.
374.
435.
516.
389.
340.
304.
2.3
2 .0
2.8
2.2
2.5
2 .5
2 .0
2.1
1.9
2.0
1 .9
2.0
!
!
1
|
|
|
!
|
|
!
!
|
i
I
|
!
|
i
!
|
|
!
I
247.
360.
406.
380.
447.
473.
453.
473.
523.
429.
379.
271.
3.0
2.1
3.2
2.8
3.0
2.8
2.4
2.5
1.9
337.
431.
506.
534.
604.
640.
534.
639.
618.
4
1
2
5
7
8
2
2
3
3
3
0
1
2
3
8
4
0
3
5
8
8
6
0
9
6
5
5
1
0
6
9
2
TABLE 222.3
13
FEDERAL
LAND BANKS
LOANS C LO S E D
TW ELVE-M ONTH
AMOUNT
i
1
1
1
1
M ILLIO N S
OF
|
|
1
DOLLARS
|
1
1 9 7 7 -J AN.•
1
PERCENTAGE
FROM
CHANGE
PREVIO US
MONTH
|
. I
4 6 5 6 .1
1
- F E B . . . |
-M A R .. . |
4 7 3 8 .7
4 8 9 0 .1
|
|
1 .5
1 .8
3 .2
1
|
|
-A P R .. . |
-M A Y .. • |
4 9 7 5 .0
5 1 2 9 .6
|
|
1 .7
|
3 . 1 |
1
1
1
|
1
1
|
YEAR
MOVING
NUMBER
1
i
i
1PERCENTAGE!
THOUSANDS 1
CHANGE
|
1 FROM L A S T |
1
1 0 .5
|
5 7 .8
1 2 .4
1 3 .7
|
I
5 8 .1
5 8 .5
1 4 .6
|
1 8 .6
|
5 8 .7
5 9 .7
1
1
1
1
1
TOTAL
YEAR
AVERAGE
DOLLARS
|
SIZE
1
i
i
I PERCENTAGE!
CHANGE
1
! FROM L A S T !
1
1
YEAR
80548.
|
1 0 .5
!
|
1 0 .7
1 2 .4
1
1
!
2 6 .7
2 6 .9
2 7 .4
1
J
J
3 7 4 .3
3 7 6 .7
3 7 8 .9
84707.
85983.
|
|
1 2 .5
1 3 .7
1
1
2 7 .5
2 8 .0
|
|
3 85 .3
2 8 .2
2 8 .6
|
!
2 .0
I
2 0 .0
|
6 0 .4
1
5 .4
|
86669.
|
1 3 .9
1
2 .4
|
2 1 .9
|
88264.
88970.
|
|
1
1
|
|
|
|
I
5 49 4 .4
2 2 .8
2 3 .7
6 .5
6 .6
- S E P .. . |
-O C T .. . |
I
|
1
1
1 4 .4
1 .5
1 .0
6 0 .7
6 1 .1
1
7 .3
|
5 5 3 9 .4
5 6 0 7 .7
5 6 1 9 .1
0 .8
|
2 4 .9
|
1 .2
0 .2
1
|
i
2 4 .0
2 2 .5
6 2 .1
6 2 .0
8 .4
7 .7
|
|
J
!
|
1
l
1
7 .5
|
i
*0 61 6 .
0 .7
|
0 .1
|
1
1
1
|
1
I
6 2 .0
6 1 .8
6 0 .9
5 5 7 2 .3
- 1 .1
- 0 .5
2 1 .5
1 9 .5
1 4 .5
|
|
i
1
|
|
|
1
1
89470.
89819.
90369.
5 6 5 8 .0
5 6 6 1 .6
5 6 0 1 .5
|
|
j
i
1
|
|
|
6 1 .4
6 1 .7
5 6 2 4 .7
5 6 7 8 .4
5 6 4 8 .1
|
!
|
0 .9
1 .0
- 0 . 5
|
|
|
1 2
9
8
5
.0
.7
.6
.5
|
|
I
|
6
6
6
6
0
0
0
0
.2
.2
.2
.3
1
1
1
1
5
5
5
5
6
5
5
7
6
7
.3
.6
.0
.6
.0
0
1
1
2
2
.8
.0
.9
.2
.4
1 0 .4
|
j
|
J
|
1
1
|
6
6
6
6
6
6 2 4 5 .6
|
|
|
|
|
l
1
|
6 3 .7
6 3 4 3 .2
|
- A P R .. . !
6 5 2 3 .2
6 7 6 4 .2
I
|
1 2 .0
1 6 .5
2 1 .4
|
|
|
-M A Y .. . |
- J U N .. . |
6 9 8 3 .6
7 1 7 1 .4
|
J
2 4.2
- J U L . . . |
-A U G .. . |
7 3 6 7 .0
1
7 5 7 8 .1
- S E P .. . |
7 6 4 7 .8
-O C T .. . |
-N O V .. . |
- D E C .. . |
I
1
1 9 7 9 -JA N .. . |
- F E B .. . |
-M A R .. . |
7
8
9
9
0
2
0
2
7
1
5
1
8
9
3
.9
.0
.2
.6
.8
1 .4
1 .3
2 .2
0 .9
0 .6
|
I
|
|
|
l
3 .9
1 .6
2 .8
|
|
|
1
2 8 .6
2 8 .6
|
|
1 5 .3
1 5.2
1
1
2 8 .5
2 8 .4
I
J
1 4 .0
1
■
I
1
2 8 .2
3 8 0 .1
3 7 4 .8
3 7 5 .3
3 8 0 .7
3 8 1 .2
3 8 1 .5
7 .3
|
91260.
6 .4
4 .1
I
|
91648.
92020.
|
|
2 .4
0 .9
j
|
1
|
2
3
4
3
6
4
2
6
3
0
5
5
4
0
7
4
.
.
.
.
|
|
|
|
9 .4
8 .6
- 0 .2
- 0 .6
9
9
9
9
1
1
1
1
1
i
1
- 0 .5
- 0 .6
|
|
0 .4
0 .3
0 .6
|
|
|
1
9
9
9
9
9
4
5
5
6
6
1
0
7
1
4
2
5
7
1
3
5
2
4
2
2
.
.
.
.
.
5
6
6
6
64. 1
1
1
6 5 .1
6 6 .3
I
1
2 .7
3 .8
7 .0
|
1
|
98104.
98926.
100160.
|
|
|
1
|
1
1
!
!
J
1
1
|
|
!
6 7 .4
1 0.3
1 1 .9
101973.
I
103603.
105219.
|
|
8 .8
10. 1
1 0 .9
1 1 .6
105956.
|
1 3 .1
1
2 9 .4
j
4 5 7 .8
107316.
107537.
|
|
1 4.0
1
2 9 .8
!
4 6 9 .0
1 3.1
1
2 9 .6
|
4 7 3 .9
|
3 .2
2 .7
|
|
|
|
2 6 .3
3 0 .4
|
|
6 8 .2
6 9 .5
1
1 3 .1
1 5.3
|
|
1
2 .7
2 .9
3 2 .3
|
7 0 .6
1
1 6.1
|
|
0 .9
j
3 1 .8
J
7 1 .1
1
1 6 .5
|
* AVER AG E O U T S T A N D I N G LOANS D U RI NG THE P R E C E D I N G
1 5.2
1 5 .3
3 8 2 .9
|
i
1
J
3 .7
.
MENTS
1
81622.
83619.
|
- A U G . . .1
- S E P .. . |
REPAY
j
|
1
i
|
|
|
STA N D IN G *!
1
1
|
|
5 2 3 0 .6
.
.
.
.
!
J
1 .5
1 .1
1 .8
4 .2
5 3 5 5 .7
5 4 3 7 .9
- A P R ..
-M A Y ..
- J U N ..
- J U L . .
LOANS
OUT-
OF
- 0 .0
- J U N .. . |
- D E C . . . |
i
1
1 9 7 8 -JA N .. . |
- F E B . . . |
-M A R .. . j
PERCENTAGE
1
- J U L . . .!
- A U G . . .1
- N O V ... |
AS
12 MO NT HS
(AVERAGE OF EN D- OF - M O N T H
1J .3
1 2 .3
1 0 .0
8 .8
6 .1
.8
.2
.6
.4
6 .4
7 .5
7 .9
DATA)
1
1
2 8 .0
2 7 .7
|
i
1
!
|
2 7 .1
|
1
1
!
1
2
2
2
2
6
6
6
6
.6
.6
.5
.1
!
|
J
1
1
1
1
1
1
i
l
1
1
2
2
2
2
2
6.1
6 .2
6 .4
6 .4
6 .2
2 6 .9
2 7 .0
1
|
|
|
!
I
1
|
I
!
1
2 7 .4
2 8.1
!
!
4 2 6 .3
1
1
2 8 .6
2 9 .0
1
|
4 3 9 .3
4 5 1 .5
3 8 0 .6
3 8 4 .4
3 8 3 .8
3 7 7 .3
3
3
3
3
3
3
7 0 .4
7 0 .4
75 .7
81 .1
84. 1
8 5 .7
3 8 8 .7
3 9 1 .9
3 8 6 .4
3 9 7 .7
4 0 3 .2
4 1 3 .2
14
TABLE 223.1
FEDERAL
NEW
I
1
I
M ILLIO N S
OF
DOLLARS
- A P R .. . |
-M A Y .. . |
- J U N .. . |
- J U L . . . |
-A U G .. . |
- S E P .. • |
- O C T .. . |
-N O V .. . |
- D E C .. . |
I
1
197 8 - J A N .. . |
- F E B . . . j
-M A R .. . |
- A P R .. . |
-M A Y .. . |
-
J U
J U
A U
S E
N
L
G
P
..
. .
..
..
.
.
.
.
I
|
|
*
CHANGE
PREVIO U S
MONTH
|
|
1 5 .7
2 2 .5
|
j
|
|
- 2 6 .8
|
4 0 5 .0
3 9 8 .7
|
|
0 .3
- 1 .6
|
!
3 8 2 .1
3 0 9 .8
|
|
- 4 . 2
- 1 8 .9
1
|
2 8 9 .3
2 7 5 .4
3 2 4 .3
|
|
|
3 5 5 .8
1
i
1
1
I
|
1
|
1
I
- 6 .6
- 4 .8
1 7 .7
9 .7
1 5 .0
- 1 6 .0
4 2 .8
- 2 3 .4
2 0 .7
|
|
|
|
i
1
|
|
|
|
|
- 2 .5
- 1 7 .3
|
1
5 .1
- 9 .5
1 0 .7
- 3 .0
1
|
|
|
3 .2
|
i
5 5 1 .9
4 0 3 .9
4
3
4
3
4
4
3
0
4
9
7
5
4
6
9
3
0
5
3
2
5
.3
.7
.7
.8
.5
.3
.8
- O C T .. . |
-N O V .. . |
3 8 5 .3
3 7 3 .7
1
1
- D E C . . .J
3 8 5 .6
6 0 2 .3
|
1
l
|
- F E B . . .1
4 2 7 .7
|
-M A Y .. . |
6 1 7 .7
|
- J U N .. . 1
- J U L .. . 1
5 9 6 .9
5 1 9 .7
|
|
- 3 .4
|
- 1 2 .9
|
-A U G .. . 1
5 5 3 .6
1
- S E P .. . |
4 1 1 .9
1
52. 1
6. 5
- 2 5 .6
OF
|
J
. 1
.6
.3
. 5
2 .1
t
2 .1
2 .0
1
|
1
l . Q
1 .5
1
1
7 8 .8
7 7 .6
7 6 .9
1 .4
1 .3
1 .5
!
1
1
7 6.8
7 7 .4
1 .7
|
7 9 .3
1
1
2
1
1
|
|
|
8
7
7
7
7 9 .5
7 9 .0
7 9 .2
1
1
i
1
1
1
1
1
.9
.6
.2
.7
2 .0
1
1 .9
1 .6
1
|
24. 1
1
1 .6
I
2 0 .3
3 9 .9
1
1 .5
1 .6
1
|
1 .5
1 .6
1
|
j
3 2 .6
- 1 0 .8
6 .4
1
0
1
7
1
1
1
1
|
|
8
8
8
7
1
1
-1 1 .1
-6 . 9
1 2 .0
1 0.9
- 4 . 3
1 5 .2
8 .4
OF
LOANS
CLOSED
|
|
|
1
1
8 .8
- 0 .7
PERCENTAGE
2 .0
1 .9
2 .9
1 3 .3
1 1 .2
1 6 .3
3 .0
AS
1
1
1
1
4 7 .2
2 4 .4
|
I
1
1L O A N S O U T - |
1 STA N D IN G *!
2 1 .0
|
5 8 0 .3
END
2 3 .0
28. 1
|
6 5 0 .8
AT
3 7 .6
5 6 .2
-M A R .. . 1
LOANS
2 5 .2
1 6 .3
- 2 9 .0
- A P R .. . |
O UTSTAN DING
YEAR
8 .9
|
|
|
|
I
1
1 97 9 -JA N .. . |
PERCENTAGE
FROM
BANKS
LOANED
- 8 .0
5 9 .4
3 7 6 .1
3 4 6 .2
3 8 4 .5
3 4 7 .9
|
MONEY
|
1
1
1 9 7 7 -J A N .• . |
-FF B. . . I
- M A R . . .1
1
|
LAND
1
1
1
1
1
78. 1
t b . Z
1
9
9
6
.4
.4
.3
.4
8 0 .0
7 6 .5
7 9 .3
7 9 .5
7 9 .8
1
2 .4
|
8 2 .0
1
1
1 .7
2 .6
|
|
8 0 .6
8 1 .5
7 9 .2
7 8.2
5 4 .4
1
2 .2
|
3 6 .2
3 4 .9
1
1
2 .3
|
1
2 .2
1 .9
1
|
7 9 .9
|
4 2 .1
4 4 .0
1
2 .0
|
8 0 .0
|
1 8.4
1
1 .5
1
7 8 .5
PRECED IN G
MONTH.
7 9 .0
TABLE 223.3
15
FEDERAL
LAND
BANKS
NE W M O N E Y L O A N E D
T W E L V E - M O N T H MOVING T O T A L
1
1
1
1
M ILLIO N S
OF
DOLLARS
|
|
PERCENTAGE
FROM
CHANGE
PREVIO US
MONTH
|
AS
PERCENTAGE
1
1L O A N S G U T - 1
1 STAN D IN G *!
|
1
I
YEAR
OF
LOANS
CLOSED
1 9 7 7 -J A N .• . |
3 7 4 6 .6
|
1 .4
|
8 .0
1
- F E B . . . |
-M A R .. .|
3 8 1 0 .3
|
1
3 9 2 1 .5
|
3 9 7 8 .0
|
1
|
|
1 0 .0
- A P R .. . j
1 .7
2 .9
1 .4
1 0 .9
1 1 .8
1
-M A Y .. . |
4 0 8 8 .7
|
2 .8
|
1 5 .6
1
2 2 .3
I
7 9 .7
- J U N . . . |
4 1 6 3 .2
4 2 4 7 .1
I
|
1 .8
2 .0
1
|
1 7 .1
1
2 2 .5
|
7 9 .6
4 3 0 0 .8
4 3 3 4 .7
|
|
1 .3
0 .8
1
|
1 8 .5
1 9 .5
1
1
2 2 .6
2 2 .6
|
|
|
|
0 .6
|
-N O V .. . |
- D E C .. . |
I
4 3 6 2 .5
4 4 0 8 .0
4 4 1 8 .3
|
1
1 .0
0 .2
197 8 - J A N .. . |
4 4 5 1 .5
|
0 .8
|
|
1
I
|
4 4 4 9 .1
|
- 0 .1
|
4
4
4
4
4
4
4
7 .9
9 .9
8 .4
2 .0
5 .7
0 .5
9 .1
|
|
|
|
|
|
|
- 1 .4
|
4 6 7 9 .0
4 7 2 8 .5
4 7 5 8 .2
4 9 5 1 .3
5 0 3 5 .3
5 1 9 5 .4
|
|
|
1
1
I
|
|
5 3 9 9 .9
5 5 6 4 .0
|
|
- J U L .. .|
- A U G . . .1
- S E P .. . |
- O C T .. . |
-
F E B . .
M A R ..
A P R ..
M A Y ..
J U N . .
. |
. |
.1
. |
. |
-
J U L ..
A U G ..
S E P ..
O C T ..
.!
. |
. |
.1
- N O V ... |
-D E C .. .|
i
1
1 97 9 -JA N .. . |
- F E B . . . |
-M A R .. . |
-A P R .. . |
-M A Y .. . |
3
3
4
4
4
5
5
8
5
0
5
3
1
6
- J U N .. . |
5 71 8 .6
|
- J U L . . .1
- A U G ...I
5 8 7 2 .5
6 0 4 1 .6
|
|
- S E P .. . |
6 1 0 5 .5
|
.
1
2 1 .5
2 1 .6
!
|
8 0 .4
2 2 .0
2 2 .0
|
|
8 0 .2
8 0 .0
80. 5
7 9 .3
2 0 .2
1
2 2 .5
j
79. 1
7 8 .9
2 1 .5
2 0 .4
1
2 2 .4
2 2 .4
|
|
7 8 .8
7 8 .6
2 2 .1
7 8 .6
2 2 .0
2 1 .8
1
I
1
|
|
2 1 .2
|
7 8 .3
2
2
2
2
2
2
2
.8
.8
.8
.5
.6
.6
.9
|
I
|
j
1
J
|
7 8 .2
7 8 .4
7 8 .4
1
1
1
1
1
1
2 0 .8
2 0 .7
j
|
I
1
|
|
1
1
2 1 .8
|
2 2 .4
|
1
2 2 .8
2 3 .1
|
|
1 9 .6
1 8 .8
1 6 .8
1 1 .9
9 .6
- 0 .6
|
1
1
- 0
1
1
2
.1
.0
.4
.7
.3
.4
1
|
|
|
|
I
7
6
4
4
5
1 .1
0 .6
1
|
1
7 .3
7 .7
4
1
3
3
.1
.7
.2
.9
|
|
|
|
1 1 .2
1 3 .2
1 8 .4
3 .0
|
.8
.9
.4
.9
.4
7 .3
2 3 .9
1
1
i
1
I
i
1
1
1
1
1
1
1
1
0
0
0
0
0
0
0
2 1 .3
2 1 .4
7 8 .7
7 8 .6
7 8 .5
7 8 .8
7 8 .8
7 8 .9
7 9 .1
7 9 .1
7 9 .3
7 9 .4
7 9 .6
7 9 .8
7 9 .7
2 .8
|
2 6 .2
2 8 .4
2 .7
2 .9
|
|
3 2 .4
3 3 .9
1
1
2 3 .4
1
2 3 .8
|
7 9 .7
7 9 .7
1 .1
1
3 3 .6
1
2 3 .7
|
7 9 .8
1
7 9 .7
* AV ER AG E O U T S T A N D I N G LOANS DU R I N G THE P R E C E D I N G 12 MO NT HS (AVERAGE OF E N D - O F - M O N T H DATA)
16
TA BL E 224.1
FEDERAL
REFIN AN CIN G
R EFIN A N CIN G
1
1
1
1
1
1
M ILLIO N S
OF
DOLLARS
FROM
MONTH
8 7 .6
|
- 4 .9
|
|
|
- 4 .9
|
5 2 .6
1
- A P R .. . |
- M A Y . . .1
1 1 7 .4
|
1 1 3 .3
|
- 7 .6
- 3 . 5
|
|
- J U N . . .!
- J U L . . . |
- A ' J G . • .1
1 0 7 .3
1 10 .1
9 3 .1
!
I
|
P . .
T ..
V ..
C ..
.1
.1
. |
.1
1
1
1 9 7 8 —J A N . • . |
- F E B .. . |
- M A R ...|
9 3 .4
|
|
|
|
i
1
|
8 9 .3
1 2 8 .2
1
1
0 .3
- 4 .4
4 3 .6
|
|
|
|
|
|
|
1
1
|
|
|
9
8
9
9
- A P R ... |
- M A Y ... |
- J U N ...|
- J U L . . . |
0
3
4
3
.5
.2
.6
.1
CHANGE
|
8 3 .3
1 2 7 .1
E
C
O
E
LAND
1
1
1
- F E B . . . |
- M A R . . .1
S
O
N
D
FEDERAL
PREVIO US
1 9 7 7 - J A N . • .1
-
- 5 .3
2 .6
- 1 5 .4
- 2 .8
- 8 .0
1 3 .7
- 1 .5
AS
2 9 .1
2 9 .5
4 6 .2
3 1 .8
6 3 .2
PERCENTAGE
6 .6
7 .2
0 .9
OF
|
M ILLIO N S
|
OF
I
LOANS
CLOSED
1
|
|
|
2 0 7 .6
|
4 6 .7
|
3 9 .3
1
1 .1 2
1 1 7 .0
1 4 2 .9
|
|
- 4 3 .6
2 2 .1
|
|
1 3 .8
2 9 .5
1
1
0 .6 3
0 .7 6
2 2 .5
2 1 .9
|
|
1 0 9 .6
1 1 3 .3
|
|
- 2 3 .3
3 .3
|
|
8 .6
3 9 .9
1
1
0 .5 7
0 .5 8
2
2
2
2
2
2
2
1
2
3
3
3
2
0
.2
.4
.1
.8
.2
.6
.7
1 2 5 .3
1 3 1 .5
9 2 .6
|
|
|
.5
.1
.1
.7
|
|
|
|
j
|
|
|
|
|
|
5 5 .6
6 7 .0
2 7 .6
- 7 .3
1 2 .1
1 5 .9
I
I
1
1
0 .6 3
7 3
9 2
123
1 47
1 0 .6
5 .0
- 2 9 .6
- 2 0 .5
2 5 .3
3 3 .6
2 0 .0
|
1
4 .4
1
2
2
2
8
0
0
3
.6
.6
.7
.6
|
|
|
|
I
|
|
i
1
|
|
|
|
2 0 3 .4
1 2 0 .2
1 5 2 .3
|
|
|
3 7 .8
- 4 0 .9
2 6 .7
|
|
I
- 2 .0
2 .7
6 .6
|
|
1 2 9 .2
1 2 7 .6
|
|
-1 5 .2
- 1 .3
j
1
0 .6 1
|
0 .5 8
0 .5 4
|
|
0 .5 5
0 .4 6
1
|
0 .4 4
0 .4 0
0 .4 5
|
|
|
0 .4 4
0 .4 4
0 .4 1
0 .5 9
j
1
1
|
|
|
|
- 1 .0
1
0 .5 2
|
|
3 .5
1
0 .5 2
|
9 6 .1
1
1 1 8 .3
|
- 7 .2
|
- 5 .6
1
0 .5 2
|
2 0 .8
|
1 0 1 .9
|
- 1 3 .9
|
1
0 .4 4
0 .4 1
|
|
|
- 1 4 .4
|
1 8 .1
1
1
0 .4 3
|
1 0 1 .5
8 6 .8
|
0 .4 5
|
|
- 0 .4
1 8 .2
2 0 .8
2 0 .0
2 3 .5
- 2 2 .5
9 .7
1
0 .4 2
|
0 .4 0
0 .4 0
1 1 3 .1
1 2 3 .9
|
|
3 0 .2
9 .6
I
|
2 2 .7
0 .6
1
1
2 0 .2
|
i
4 3 .9
|
|
2 0 .7
1
1
1
0 .7 3
1 8 .0
1
l
1
|
1 7 8 .3
0 .5 4
|
|
1
1
|
|
!
0 .4 7
1
2 0 .7
2 0 .5
2 1 7 .4
|
2 1 .9
|
|
1 9 .4
1 8 .5
|
|
1 2 3 .0
1 5 7 .7
|
|
- 4 3 .4
|
6 .9
2 .3
1
0 .4 1
0 .8 8
0 .4 9
2 8 .3
|
2 0 .8
2 1 .8
|
|
1 3 7 .1
1 3 0 .8
|
|
-1 3 .1
- 4 .6
|
|
3 .5
6 .1
1
1
2 0 .1
2 1 .0
|
|
1 1 6 .8
|
- 1 0 .7
|
1 2 3 .0
|
|
|
1 0 8 .1
8 4 .9
|
|
5 .3
-1 2 .1
- 2 1 .5
|
|
|
- N O V ... |
9 6 .6
1
9 7 .5
|
1
1
1
|
- 4 .0
1 .0
3 5 .5
|
|
1
1
j
4 1 .4
- 2 2 .1
1
1 5.3
1
1
|
1 5 .5
3 1 .4
1
0 .5 8
|
!
0 .5 9
|
3 .66
j
0 .5 6
J
0 .5 1
0 .5 0
0 .4 0
|
|
|
2 0 .0
2 1 .5
LOANS
CLOSED
2. 1
4 .7
1
I
1
- M A R ... |
1 4 3 .1
1
4 3 .8
- A P R .. . |
1
1
3 .1
1
-M A Y .. . |
1 5 2 .7
1 7 2 .6
1 5 0 .6
1
1 3 .0
- 1 2 .7
|
|
4 7 .2
- J U N . . .1
2 8 .3
1
1
- J U L ..
- 8 .5
0 .3
- 1 8 .5
|
|
|
4 3 .5
4 3 .7
1
1
5 .3
1
"R EFIN A N CIN G
OF
"REPAYM ENTS"
ARE
FEDERAL
END
OF
LAND
COMPUTED
AS
PRECED IN G
BANK
NE W
0 .5 8
|
- D E C ... |
1
1
1979-J A N .• .|
AT
0 .5 7
0 .4 2
|
LOANS
1
1
0 .5 1
- 6 .0
OUTSTAN DIN G
1 7 .9
1 2.6
1
1
1
|
1
0 .9 5
0 .5 5
0 .7 0
1
1 0 0 .6
1 1 2 .7
1
1
9 .4
|
.1
0 .6 9
- 1 2 .7
3 .3
1 1 .3
- S E P ..
5
5
6
4
8
|
1
1
.6
.4
.3
.4
.5
|
|
1
1
1
1
1
i
1
1
0
0
0
0
0
2 0 .5
2 1 .0
1 0 7 .0
1 38 .2
STAN D IN G *!
I
|
0 .8
1 3 7 .8
1
1 9 .4
1 8 .7
- 9 .4
. |
YEAR
1 8 .9
1
-A U G .. . |
|
|
1
|
1 3 2 .1
1 0 2 .9
MONTH
|
|
- S E P . . . |
- O C T ...|
- F E B .. . |
|
1
AS P E R
1
1 C E N T A G E OF
1LOANS O U T-
0 .4 7
1 1 6 .2
96. 1
DOLLARS
CHANGE
PERCENTAGE
FROM P R E V I O U S
0 .4 5
0 .6 7
1 1 7 .2
1 1 7 .4
0 .2
REPAYM ENTS
1
1
1
1
I
1
1
1
I
i
1
1
1
1
1 .1
1
i
1
1
1
3 3 .3
2 6.1
3 1 .7
REPAYMENTS
LOANS
1L O A N S O U T - |
1 STAN D IN G *!
YEAR
3 2 .8
6 0 .0
4 4 .1
BANK
AND
BANKS
- 1 8 .2
0 . 1
- A U G . . .1
*
PERCENTAGE
|
|
1
1
OF
LAND
MONTH.
LOANS"
MONEY
IS
COMPUTED
LOANED
LESS
AS
THE
CHANGE
IN
LESS
LOANS
NEW
MONEY
O U TSTA N D IN G .
LOANED.
1
2 .5
1
-1 .3
2 0 .7
1
1
6 .5
1
1
- 2 .3
0 .3 7
0 .5 1
0 .6 2
0 .5 3
0 .5 0
0 .4 4
0 .4 5
0 .3 9
0 .3 0
TABLE 224*3
17
FEDERAL LAND BANKS
R E F I N A N C I N G AND R E PA YM EN TS
T W E L V E - M O N T H MOVING TOTAL
REFIN A N CIN G
OF F E D E R A L
1
1
1
CHANGE
PERCENTAGE
1 M ILLIO N S !
OF
|
FROM P R E V I O U S
1
DOLLARS
|
1
YEAR
MONTH
|
1
1
LAND
BANK
LOANS
AS P E R C E N T A G E OF
1
1
LOANS
1L O A N S O U T - |
CLOSED
1 STA N D IN G *|
197 7 -JA N .. . |
9 0 9 .5
|
2 .2
|
2 1 .9
|
9 2 8 .5
|
1
|
|
|
|
2 3 .6
2 6 .4
5 .3
5 .4
|
9 6 8 .6
9 9 7 .0
1 0 4 0 .9
2 .1
4 .3
1
1
1
5 .2
- F E B . . . |
-M A R .. . |
2 .9
1
4 .4
|
27. 1
3 1 .9
1
1
5 .5
5 .7
- J U L . . . |
1 0 6 7 .3
1 1 0 8 .6
|
|
2 .5
3 .9
|
|
3 2 .8
3 6 .6
5 .8
5 .9
|
|
-A U G .. . j
1 1 3 7 .1
|
2 .6
|
6 .0
|
- S E P . . . |
1 1 5 9 .7
|
2 .0
|
3 7 .2
3 8 .9
1
1
1
1
6 .0
-OCT..
1 1 7 6 .9
1 1 9 9 .7
|
|
1 .5
1 .9
1
|
3 9 .3
1
3 9 .4
1
6 .0
6 .1
1 2 0 0 .7
0 .1
|
1
3 5 .0
0 .5
0 .5
|
|
3 2 .7
3 0 .6
1
l
1
1
6 .0
1 2 0 6 .5
1 2 1 2 .5
|
l
1
|
|
1
1
1
1
1
1
.6
.4
.3
.4
.4
.4
I
j
|
|
|
|
0 .1
- 0 .1
0 .3
0 .8
1
|
|
|
2
2
1
1
- 1 .1
1 2 3 1 .9
1 2 4 9 .2
|
|
-N O V .. . |
-DEC...|
i
1 2 5 1 .2
1 2 5 5 .5
1 97 9 -J A N .. . |
- F E B .. . |
-M AR.. . |
1 2 9 4 .3
1 3 0 7 .9
1 3 2 7 .8
1
|
i
1
J
|
j
- A P R .. . |
-M AY.. . I
1 36 4 .2
1 4 1 9 .6
1
|
- J U N .. . |
1 45 2 .8
|
- J U L ..
. |
1 4 9 4 .5
- A U G . . .1
1 5 3 6 .6
1 5 4 2 .3
-A P R .. . |
-M AY.. . |
- J U N .. . |
.|
-N O V .. . |
- D E C ... |
I
1
1978-J A N ... |
-FEB. . .
-M A R...
-A P R .. .
-M AY.. .
1
|
j
|
- J U N .. . I
- J U L . . . |
-A U G .. . |
- S E P . . . |
- O C T . . .1
2
2
2
2
2
2
1
1
1
2
1
1
3
2
6
6
2
5
1
- S E P .. .
|
j
1
|
M ILLIO N S
1
1
|
OF
|
|
|
4 .9
|
3 3.1
1 9 .8
|
1 2 9 0 .5
|
I
|
29.3
|
1 .1
2 .6
|
|
2 0 .0
2 0 .3
|
|
1 29 9 .2
1 3 3 1 .4
I
|
0 .7
|
2 0 .4
|
2 0 .7
2 0 .9
|
|
1 3 7 6 .2
1 4 2 9 .0
|
|
1 4 4 9 .0
1
|
2 1 .1
1
1 4 4 3 .2
1
|
|
2 1 .2
2 1 .4
|
|
1 4 5 3 .1
1 47 0 .1
2 1 .4
2 1 .3
2 1 .4
I
i
I
|
|
1 4 7 6 .2
6 .0
5 .9
|
I
I
|
j
5
5
5
5
5
.9
.8
.7
.7
.6
|
|
|
|
|
2
2
2
2
.7
.8
.6
.6
5 .5
5 .6
|
|
5 .6
5 .6
5 .6
5 .6
|
|
|
I
1
|
|
|
2 7 .1
2 3 .4
2 4 .4
1
I
1
1
7 .2
7 .3
7 .4
|
|
2 6.2
3 .8
|
1 .4
- 0 .4
1
1
2 9 .2
2 8 .8
|
|
0 .7
1 .2
1
1
0 .4
1 4 7 2 .0
|
l
1
|
1 4 7 5 .3
|
|
|
|
|
1
1
1
1
.7
.3
.6
.6
2 1 .5
2 1 .2
2 1 .2
|
|
|
2 1 .1
2 0 .9
|
|
2 0 .9
7 .2
7 .6
7 .6
2 6 .5
1
1
7. 5
2 6 .0
2 4 .7
1
1
7 .5
7 .5
2 4 .6
1
i
1
1
1
7 .4
- 0 .3
0 .2
|
l
1
|
1
|
|
|
|
0 .6
1 .3
1 .0
- 0 .5
|
1
|
|
15.0
1 4 8 2 .0
1 4 9 0 .9
|
|
1 5 0 4 .2
1 5 2 5 .1
1 5 2 5 .9
|
|
|
- 2 .0
0 .6
0 .9
I
|
|
1 .4
|
0 .1
|
|
1
1 5 5 6 .5
2 .0
1
1
2 0 .7
2 0 .6
2 0 .4
|
|
|
1 5 7 0 .5
|
1
I
|
1 5 7 3 .2
1 5 7 8 .6
1 5 8 6 .6
|
|
|
1 5 8 9 .8
1
1
1
1
|
1 .1
1 .5
2 .7
1
|
J
7 .3
7 .9
9 .4
5 .7
|
|
1 2 .5
1 6 .7
1
4 .1
1
5 .8
|
2 0 .2
2 0 .3
|
|
|
|
1 8 .5
2 3 .3
1
1
2 .3
2 .9
5 .9
6 .0
|
|
2 0 .3
2 0 .3
|
|
|
2 .8
|
2 6 .4
6 .0
0 .4
|
2 5 .2
|
|
2 0 .3
|
1
1
2 0 .2
6 .0
7. 1
7. 1
3 .4
3 .1
5.5
5.5
AS P E R
1
1 C E N T A G E OF
1LO AN S OU T
1 STAN D IN G*
1
1
1
2 .5
DURING THE P R E C E D I N G 12 MONTHS (AVERAGE
4
5
5
5
8
0
1
1
4
4
8
1
1 8 .4
1 7 .3
1 5 .8
1 4 .1
9 .8
3 .7
2 .9
4 .2
5 .0
3 .8
5 .4
6 .7
0 .9
0 .2
0 .3
|
J
|
6 .3
|
0 .5
0 .2
|
1
4 .7
1 5 8 8 .3
1 6 0 9 .4
|
|
-0 . 1
1 .3
|
|
1 6 1 6 .0
0 .4
1
1 6 1 4 .0
|
|
-0.1
!
|
|
OF EN D- OF - M O N T H DATA).
’•REFINANCING OF F E DE RA L LAND BANK LO AN S" IS COMPUTED AS LOANS CLOSED LESS NEW MONEY LOANED.
" R E P A Y M E N T S " ARE C O M P U T E D AS NEW MONEY L O A N E D LESS THE CHANGE IN LOANS OU TS TA ND IN G.
YEAR
|
1
1
1
1
* AV ERAGE O U T S T A N D I N G LOANS
MONTH
1 2 5 8 .0
.4
.9
.2
.1
.3
1
|
1
1 2 4 3 .8
9
6
6
6
4
.
CHANGE
PREVIO US
|
1
|
|
|
|
|
i
4 .6
FROM
|
1
1
1
1
1
1
I
1
1
1
1
PERCENTAGE
1 9 .5
1 9 .6
.3
.6
.9
.9
1 .4
1 .4
0. 2
0 .3
DOLLARS
|
5
1
6
4
0.2
REPAYMENTS
ii
6 .6
5.5
1
1
1
1
1
1
1
!
1
1
i
I
I
1
1
1
1
7 .3
7
7
7
7
7
.2
.2
.2
.2
.1
6 .8
6.8
6 .8
6.8
6 .7
6. 3
6 .8
6 .7
6. 6
6.6
6 .5
5.1
8.6
1
6.4
1
8 .4
1
6 .4
6 .4
7 .3
1
6 .3
A G R I C U L T U R A L FI NA NC E D A T A B O O K — MO N T H L Y SERIES
230
LIFE
231
INSURANCE
2 32
233
SOURCES:
ACQUIRED
A C T U A L ........................................................................................................................................................................ 20
12-MONTH MOVING T O T A L ...............................................................................* ...........................................21
FARM MORTGAGE
233.1
OUT S T ANDI NG
A C T U A L ............................................................................................................................................................... . . . 1 9
FARM MORTGAGES
232. 1
232.3
1979
C O MP AN I E S
FARM MORTGAGES
231.1
OC TO B E R
COMMI TMENTS
O UT S T A N D I NG
A C T U A L ........................................................................................................................* ..............................................22
F I G U R E S ON FARM MORTGAGES OU T S T A N D I NG AND A C Q U I R E D ARE DRAWN FROM
• • D I S T R I B U T I O N OF I N V E S T M E N T S OF U . S . L I F E I NS UR A NCE C O M P A N I E S * "
AME RI CAN C O U N C I L OF L I F E I N S U R A N C E .
F I G U R E S ON FARM MORTGAGE COMMI TMENTS OUTS TANDI NG ARE DRAwN FROM
'•FORWARD I N V E S T ME N T COMMI TMENTS OF R E P O R T I N G L I F E I NSURANCE
C O M P A N I E S * " AME RI CAN C O U N C I L OF L I F E I N S U R A N C E .
18
TABLE 231.1
19
LIFE INSURANCE C O M P AN IE S
FARM MO R T G A G E S O U T S T A N D I N G
END OF MONTH
I
I
!
i
1
197 7-J AN.• . j
-FE B .. . |
-M AR...1
-A P R .. . !
-M AY.. . 1
-JU N .. . |
—j U L • • . }
-A U G ... |
-S E P ...!
-O CT.. . !
-N O V ... |
- D E C . . .!
i
I
1978-JAN .. . |
-FE B .. . |
-M A R ... |
-A& R.. . I
- m ay. . .!
-JU N .. . |
- J UL . . .!
-A U G .. . |
- S E P . . .!
-O C T .. . }
-N O V .. . !
-D EC .. . |
1
1
1979-JA N .. . |
-FE B .. . |
-M AR.. . |
-APR.. . |
-M AY.. . |
-JU N ... |
-JUL. . . |
-A U G .. . j
MILLIONS
AMOUNT
7434.
7510.
7640.
7814.
7924.
8139.
8235.
8330.
8475.
8570.
8649.
8842.
8S91.
9001.
9205.
9386.
9523.
9712.
9828.
9965.
10116.
10276.
10366.
10499.
10515.
10679.
10922.
11083.
11255.
11477.
11571.
11726.
I
1
I CHANGE FROM1 P R E V I O U S !
|
1
MONTH
|
YEAR
|
1
I
|
|
j
|
|
|
|
|
1
|
|
|
1
I
|
|
|
|
|
I
|
|
|
1
|
1
|
|
|
|
1
j
|
|
OF
DO L L A R S
9.
76.
130.
174.
n o .
215.
96.
95.
145.
95.
79.
193.
49.
n o .
204.
181.
137.
189.
116.
137.
151.
160.
90.
133.
16.
164.
243.
161 .
172.
.222.
94.
155.
1
|
1
|
i
|
j
|
|
|
|
|
i
1
1
|
|
|
|
|
j
1
|
j
|
|
l1
1
|
|
|
|
!
|
|
703.
741.
825.
938.
978.
1134.
1163.
1203.
1291.
1351.
1358.
1417.
1457.
1491.
1565.
1572.
1599.
1573.
1593.
1635.
1641.
1706.
1717.
1657.
1624.
1678.
1717.
1697.
1732.
1765.
1743.
1761.
|
|
!
!
|
|
|
1
|
|
|
|
l
1
|
|
|
!
!
!
1
|
|
!
!
|
1
1
I
|
!
|
1
|
1
!
P E R C E N T A G E CHANGE
FROM P R E V I O U S
MONTH
o.i
l.o
1.7
2.3
1.4
2.7
1.2
1 .2
1.7
1.1
0.9
2.2
0.6
1 .2
2.3
2.0
1 .5
2.0
1 .2
1.4
1.5
1.6
0.9
1 .3
0.2
1.6
2.3
1.5
1.6
2.0
0.8
1 .3
|
1
!
!
1
j
|
|
1
1
1
1
!
J
■
1
|
1
|
|
1
|
1
!
I
|
!
J
1
1
|
!
!
!
I
j
J
!
YE A R
!
I
j
10.4
10.9
12.1
13.6
14. 1
16.2
16.4
16.9
18.0
18.7
18.6
19.1
!
|
|
J
!
!
|
1
|
!
|
1
19.6
19.9
20.5
20.1
20.2
19.3
19.3
19.6
19.4
19.9
19.9
18.7
|
j
|
|
!
1
!
|
1
|
!
!
18.3
18.6
18.7
18.1
13.2
18.2
17.7
17.7
J
!
|
!
1
1
1
1
TABLE 232.1
L I F E I N S U R A N C E C O MP AN I E S
FARM MORTGAGES A C Q U I R E D
1
1
1
1
1
1977-JA N .•
-FEB. .
-M AR..
-A PR..
-M AY.•
-JU N ..
-JU L..
-AU G ..
-S E P ..
-O CT..
-NOV..
-D EC ..
. |
. |
. |
. |
. |
. I
.|
. |
. |
.|
. I
. |
l
J
1978-JAN.. . |
-FEB. . . |
-M AR.. . }
-A ?R .. . j
-M AY.. . |
-JU N .. . j
- J JL . • . |
-AU G .. . |
- S E P . . .!
-UCT . . . 1
-N O V .. . |
-D EC ...!
I
1
1 97 9 - J A N . . . |
-FE B . ..1
-MAR . . . |
-A PR .. . i
-M AY.. . |
-JU N ...1
- J U L ...1
-A U G .. . j
*
O UT S T A N D I NG
MILLIONS
AMOUNT
160.
156.
233 .
256.
214.
278.
168.
188 .
209.
144.
135.
319.
200.
207.
285.
273 .
251 .
275 .
207.
206.
227.
213.
148.
256.
186.
263.
391 .
239 .
265.
374.
170.
206.
MORTGAGES
OF
DOLLARS
1
1
j CHANGE FROM P R E V I O U S I
|
1
MONTH
|
YE A R
|
1
-82.
-4.
77.
23.
-42.
64.
-110.
20.
21.
-65.
-9.
134.
1
|
|
|
|
|
j
|
|
!
|
1
i
1
|
|
j
1
1
j
|
|
I
1
1
|
1
1
-119.
7.
73.
-12.
-22.
24.
-68.
-1 .
21.
-14.
-65.
108.
i
1
|
|
1
1
j
1
-70.
77.
1 23 .
-152.
26.
109.
-20*.
36.
AT
END OF
j
|
|
|
|
|
!
I
1
|
I
|
l
I
|
i
|
j
|
|
|
1
1
|
|
|
1
1
|
j
1
|
j
|
|
|
60.
40.
97.
128.
89.
147.
30.
82.
86.
65.
19.
77.
40.
51.
52.
17.
37.
-3.
39.
18.
18.
69.
13.
-63.
-14.
56.
106.
-34.
14.
99.
-37.
0.
PRECEDING
P E R C E N T A G E CHANGE
FROM P R E V I O U S
MONTH
|
|
|
|
|
|
|
|
|
|
|
|
i
1
|
1
|
|
1
|
|
|
I
j
|
|
l
|
I
|
|
|
|
|
|
MONTH.
-33.9
-2.5
49.4
9.5
-16.4
29.9
-39.6
11.9
11.2
-31.1
-6.3
136.3
-37.3
3.5
37.7
-4.2
-8.1
9.6
-24.7
-0.5
10.2
-6.2
-30.5
73.0
-27.3
41.4
48.7
-38 .9
10.9
41.1
- 5* •5
2 1.2
|
1
|
|
|
j
|
|
I
|
|
|
j
1
1
1
|
1
j
1
1
|
j
|
1
|
|
1
|
t
j
|
|
|
i
j
|
YEAR
60.0
34.5
71,3
100.0
71.2
112.2
21.7
77.4
69.9
32.3
16.4
31.8
AS P E R
CE NT AGE OF
MORTGAGES
OUT
STANDING*
2.2
2. I
3 .1
3.4
2.7
3.5
2.1
2.3
2.5
1.7
1.6
3.7
25.0
32.7
22.3
6.6
17.3
-1.1
23.2
9.6
8.6
47.9
9.6
-19.7
2.3
2.3
3.2
3.0
2.7
2 .9
-7.0
27. 1
37.2
-12.5
5.6
36.0
-17.9
9.0
1.8
2.5
3.7
2.2
2 .4
3.3
1 .5
2.1
2. 1
2.3
2.1
1.4
2 .5
1.8
TABLE 232.3
21
LIFE INSURANCE COMPANIES
FARM MORTGAGES ACQUIREO
TWELVE-MONTH MOVING TOTAL
1
1
1
I
1
MILLIONS
AMOUNT
1 977-JA N .•.1
-FE B .. . |
-M AR.. .|
-A P R ... |
-M AY.. . |
-JU N ... |
-JU L.. . |
- A U G . •%|
- S E P . . .|
- O C T . . .|
-N O V ... |
-D EC .. . |
1
1600.
1640.
1737.
1865.
1954.
2101.
2131.
2213.
2299.
2364.
2383.
2460.
1 9 7 8 - J A N . . .1
- F E B . . .1
-M AR.. . |
- A P R . . .1
-M AY.. . |
-JU N ... |
-JU L ... 1
- A U G . . .1
-SE P .. . 1
-O CT.. .|
-N O V ... |
-D EC .. . |
2500.
2551.
2603.
2620.
2657.
2654.
2693.
2711.
2729.
2798.
2811.
2748.
1
i
1
|
1979-JAN .. .
-FEB... |
-M AR.. . |
-A PR.. . |
-M A Y ... |
- J U N . . .1
—J U L . . . |
- A U G . . .1
*
AVERAGE
|
|
|
|
1
D OL L AR S
60.
40.
97.
128.
89.
147.
30.
82.
86.
65.
19.
77.
2734.
2790.
2896.
2862.
2876.
2975.
2938.
2938.
|
|
I
|
|
|
|
|
|
|
|
|
1
40.
51.
52.
17.
37.
-3.
39.
18.
13.
69.
13.
-63.
|
-14.
56.
106.
-34.
14.
. 99.
-37.
|
0.
|
|
j
I
|
|
I
1
|
|
|
|
|
|
|
|
1
j
505.
593.
673.
793.
832.
923.
870.
899.
924.
964.
932.
920.
I
1
1
OU T S T A N D I NG
J
1
I CHANGE FROM P R E V I O U S |
\
1
MONTH
|
YEAR
|
1
|
|
|
|
I
|
|
I
OF
MORTGAGES
|
1
|
|
|
|
|
|
|
|
|
|
<
|
|
|
|
|
|
|
1
P E R C E N T A G E CHANGE
FROM P R E V I O U S
MONTH
3.9
2.5
5.9
7.4
4.8
7.5
1.4
3.8
3.9
1
|
|
|
|
|
|
|
|
|
|
|
1
234.
239.
293.
242.
219.
321.
245.
227.
DUR I NG THE
1 .6
2.0
2.0
|
|
|
|
|
|
|
|
|
I
1
|
|
|
|
|
|
|
i
|
|
|
|
|
|
|
46.1
56.6
63.3
74.0
74.2
78.4
69.0
68.4
67.2
68.9
64.2
59.7
i
|
|
|
YEAR
|
|
2.8 |
0 .8 |
3.2 |
1
900.
911.
866.
755.
703.
553.
562.
498.
430.
434.
428.
288.
|
1
0.7
1.4
-0.1
1 .5
0.7
0.7
2.5
0 .5
- 2.2
-0 .5
2.0
3.8
-1.2
|
|
|
|
|
j
|
|
|
|
|
|
i
|
|
I
3 .4
-1.2
|
|
|
|
0.0
1
0 .5
PRECEDING
12
MONTHS
|
AS P E R I C E N T A G E OF
1 MORTGAGES
|
OUT
1 STANDING*
|
|
|
|
|
|
|
|
1
|
1
|
22.7
23.1
24.3
25.8
26.7
28.4
28.5
29.2
29.9
30.4
30.2
30.7
I
1
56.3
55.5
49.9
40.5
36.0
26.3
26.4
22.5
18.7
18.4
18.0
11.7
I
|
|
|
1
|
|
|
|
|
|
|
I
30.7
30.9
31.1
30.8
30.8
30.3
30.3
30.0
29.8
30.1
29.7
28.6
1
9 .4
9.4
11.3
9.2
|
|
|
8.2
|
12.1
9.1
8.4
|
|
1
|
(AVERAGE
28.1
23.3
28.9
28.2
27.9
28.5
27.8
27.4
OF
E ND- GF - MONTH
DATA)
TABLE 233.1
22
LIFE INSURANCE COMPANIES
OUTSTANDING FARM MORTGAGE COMMITMENTS
END OF MONTH
1
1
1
1
1
1 9 7 7 —J A N . . . |
- F E B . . .1
-M A R ... |
-A P R ... |
-M AY.. . |
-JU N .. . |
- J U L . . .1
-A U G .. . |
-S E P ...|
-O C T ...|
-N O V ... |
-D E C ... |
1
1
1978-JAN .. . |
- F E B . . .|
-MAR.. .|
-A P R ...|
-M AY.. .|
-JU N .. . I
- J U L .• .|
- A U G . . .1
-SEP .. . |
-O CT.. . |
-NOV.. . |
-O EC .. . |
i
1
1 9 7 9 - J A N . . .1
-F E B ...I
-M AR.. . |
- A P R . . *1
-*A Y .. . 1
- J U N . . .1
-JU L.• • 1
-AU G .. . 1
MILLIONS
AMOUNT
OF
DOLLARS
I
1
1 CHANGE FROM P R E V I O U S 1
|
1
MONTH
|
YEAR
|
1
567.
614.
603.
663 .
680.
671.
673 .
696.
745.
769.
7 82 .
76 8 .
I
|
1
|
|
|
1
1
1
|
I
I
|
14.
47.
-11.
60.
17.
-9 •
2.
23.
49.
24.
13.
-14.
742.
818.
827.
846.
800.
’8 6 9 .
856.
841.
862 .
800.
882.
912.
|
|
|
|
1
1
|
1
1
1
1
1
|
-26.
76.
9.
19.
-46.
69.
-13.
-15.
21.
-62.
82.
30.
913.
943.
850.
983.
1010.
942.
937.
974.
i
1
1
1
1.
30.
-93.
133.
27.
-68.
-5 •
37.
\
1
1
1
|
|
1
|
|
|
|
|
|
|
|
1
l
I
|
|
|
|
j
|
|
|
1
|
1
|
1
1
|
|
|
|
|
j
|
P E R C E N T A G E CHANGE
FROM P R E V I O U S
MONTH
|
1
YEAR
|
AS P E R C E N T A G E
|
OF MORTGAGES
1
|
O UT | ACQUIRED
| S T ANDI NG | I N MONTH
101.
137.
124.
162.
198.
181.
186.
202.
225.
187.
190.
215.
1
|
|
1
|
|
I
|
|
|
I
|
j
2.5
8.3
-1.8
10.0
2.6
-1.3
0.3
3.4
7 .0
3.2
1.7
-1.8
|
j
|
|
|
|
|
|
|
|
|
|
1
21.7
28.7
25.9
32.3
41.1
36.9
38.2
40.9
43.3
32.1
32.1
38.9
|
|
|
|
|
1
|
|
|
i
|
|
i
7.6
8.2
7.9
8.5
8.6
8.2
8.2
8*4
8.8
9.0
9 .0
8.7
175.
204.
224.
183.
120.
198.
183.
145.
117.
31.
100.
144.
|
|
|
|
1
|
|
|
I
|
|
|
i
1
1
|
|
|
|
1
|
1
-3.4
10.2
1.1
2.3
-5.4
8.6
-1.5
-1.8
2.5
-7.2
10.2
3.4
1
1
1
1
|
|
|
|
|
|
|
|
l
30.9
33.2
37.1
27.6
17.6
29.5
27.2
20.8
15.7
4 .0
12.8
18.8
8 .3
9.1
9.0
9.0
8 .4
8 .9
8.7
8 .4
8 .5
7 .8
8.5
8.7
0.1
3.3
-9.9
15.6
2.7
-6.7
-0.5
3.9
|
1
|
|
|
|
|
|
23.0
15.3
2.8
16.2
26.2
8.4
9.5
15.8
|
|
|
|
|
1
|
|
|
|
|
|
I
1
|
|
|
|
|
|
|
|
171.
125.
23.
137.
210.
73.
81.
133.
8 .7
8.8
7 .8
8.9
9 .0
8.2
8.1
8.3
|
|
|
|
|
|
|
{
I
|
|
|
j
|
|
I
|
1
|
|
|
|
|
|
|
i
1
|
|
|
|
|
\
|
|
354.4
393.6
258*8
259.0
317.8
241.4
400.6
370.2
356.5
534.0
579.3
240.8
371.0
395.2
290.2
309.9
318.7
316.0
413.5
408.3
379.7
375.6
595.9
356.2
490.9
358.6
217.4
411.3
381.1
251.9
551.2
472.3
AGRICULTURAL FINANCE DATABOOK— MONTHLY SERIES
300
AGRICULTURAL
301
AM OU NT AND CH AN GE F R OM PREVIOUS
SEAS ON AL
302.1
310
FEDERAL
311.3
312
BANKS AND
AVERAGE DAILY B O R R O W I N G .......................... 25
AND LOANS AT AGRI CU LT UR AL
BANKS
RESERVE D I S T RI CT S 7 AND 9
P E R C E N T A G E CHANGE FROM PR EVIOUS YEAR, AND LO A N / D E P O S I T R A T I O ..... 26
FEDERAL
312.3
Y E A R .................................. 24
BO RR O W I N G BY ME MB ER BANKS
NU MBER OF
DEPOSITS
311
BA NK IN G DATA
FARM N O N - R E A L - E S T A T E LOANS
301.1
302
OCTOBER 1979
RESERVE D I S T RI CT 6 AND TEXAS
PE R C E N T A G E CHANGE FROM PREVIOUS YEAR,
AND LO AN /D E P O S I T
R A T I O ____.27
POR IN FO R M A T I O N ON THE DESIGN OF THE SEAS ON AL B O R R OW IN G PRIVILEGE FOR WHICH
DATA ARE SHOWN IN SECT IO N 302, AND ALSO AN A N A L YS IS OF ITS P O T E N T I A L AND
ACTUAL USE BY A G R I C U L T U R A L BANKS, SEE " SEASONAL BO R R O W I N G AT THE FEDERAL
RE SERVE DI SC OU NT W I ND OW ," BY EM AN UE L MELICHAR AND HARRIET HOLDERNESS,
A G R I C U L T U R A L F I N A N C E REVIEW, OC TO B E R 1974, PP. 42-51.
FOR A BRIEF DI SC U S S I O N OF THE A N A L Y T I C A L VALUE OF THE DATA IN SE CT IO N 310, SEE
THE S E C T I O N ENTI TL ED " F RE QU EN T DEPOSIT AND LOAN DATA" IN "O VERALL M E AS UR ES OF
FI NA NC IA L PE R F O R M A N C E , " BY EM ANUEL MELICHAR, AG R I C U L T U R A L F I N A N C E REVIEW,
F E B R UA RY 1977, PP. 87-88.
23
TABLE 301.1
24
FARM N O N - R E A L - E S T A T E
( END
1
1
LARGE
1
BANKS
1
KM ILLIO N S
OF
!
1 DOLLARS)
1 9 7 7 - J AN . .
-FE B ..
-MAR. .
-A PR ..
-M AY..
-JU N ..
-JUL. .
-AU G ..
-SE P ..
-O C T..
-NO V..
-D EC ..
1978-JA N ..
-FE B ..
-MAR. .
-A P R ..
-M AY..
-JU N ..
-JU L..
-AUG ..
-SEP ..
-O C T ..
-N O V ..
-D EC ..
1979-JA N ..
-FEB. .
-M AR..
-A PR ..
-M AY..
-JU N ..
-JU L ..
-AU G ..
-SE P ..
-O CT..
.
.
.
.
.
.
.
.
.
.
.
.
|
|
|
|
|
J
|
|
|
|
|
|
1
l
. |
. |
. |
. |
. |
. |
. |
. |
.1
. |
. |
. |
i
1
. I
. |
. j
. |
. |
. |
. 1
. 1
. 1
.1
3520.
3474.
3575.
3670.
3801.
3936.
3971.
3951.
3984.
3977.
3907.
3928.
3837.
3776.
3907.
4002 .
4195.
4303.
4376.
4436.
4464.
4512.
4452.
4511.
4470.
4440.
4577.
4650.
4830.
4915.
4981.
4939.
5021.
4937.
AMOUNT
1
|(
1
1
|
|
|
1
1
1
|
|
|
!
|
1
|
1
1
|
|
I
1
1
1
|
|
1
1
J
1
1
I
1
|
1
1
1
1
|
1
1
CHANGE
1
1
A L L COMME RCI AL BANKSl
L AR GE
BANKS
B I L L I ONS OF D O L L A R S ) |
I(M ILLIONS
ACTUAL
1S E A S O N A L L Y !
OF
1 ADJUSTED | DOLLARS)
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
1
1
1
1
1
1
1
1
1
J
1
1
I
25.6 1
25. 5 1
25.5 1
26.0 1
26.4 1
27.0 1
27.5 1
27.8 1
28. 1 1
28.0 1
28.2 1
28.2 1
i
1
28.2 1
28.1 !
28.1 1
28.6 1
29.1 1
29.8 1
30.2 1
30.5 1
30.8 1
1
23.6
23.7
24.0
24.4
24.3
25.2
25.4
25.6
26.0
26.1
26. 1
26.0
26. 1
26.0
25.8
26.0
26.3
26.5
26.8
27.1
27.7
28.0
28.4
28.5
28.7
28.6
28.5
28.8
29.1
29.3
29.6
29.9
30.4
|
|
|
|
1
I
|
|
j
1
|
|
II
|
j
|
|
1
1
|
|
|
1
|
|
i
1
1
|
|
|
|
1
|
|
I
1
379.
346.
383.
436.
431.
368.
407.
398.
443.
424.
394.
349.
317.
302.
332.
332.
394.
367.
405.
485.
480.
535.
545.
583.
633.
664.
670.
648.
635.
612.
605.
503.
557.
425.
LOANS AT COMME RCI AL
OF MONTH)
FROM P R E V I O U S
!
I
1 A L L COMME RCI AL BANKS !
1 ( B I L L I O N S OF D O L L A R S ) !
1
1
ACTUAL
! SEASONALLY!
1
! ADJUSTED |
I
1
1
J
i
1
1
1
1
I
1
1
1
1
i
1
1
1
1
J
1
1
1
1
1
1
1
I
I
1
1
1
1
1
1
1
I
1
I
YEAR
3 .0
3.0
3.2
3.1
3.3
3.3
3.5
3.5
3.4
3.1
2 .8
2.5
1
|
!
1
!
!
|
I
|
1
j
I
I
3.0
3.0
3.3
3.1
3.3
3.4
3.4
3.3
3.3
3.1
2.8
2 .5
|
|
|
t
1
|
!
|
|
!
|
I
1
2.4
2.2
1.8
1.7
1.5
1.4
1.6
1.7
1.8
1.9
2.3
2.5
|
!
!
|
1
1
1
!
|
|
|
1
i
I
|
2.5
2.3
1.8
1.6
1.5
1.3
1.4
1.5
1,7
1.9
2.3
2 .5
I
|
|
|
I
J
|
|
|
f
2 .6
2.6
2.6
2 .6
2.7
2.8
2.7
2.7
2.7
\
I
|
|
!
J
I
|
1
BANKS
2 .6
2• $
2 .7
2.8
2.8
2.8
2.8
2.8
2.7
P E R C E N T A G E CHANGE FRCM
P R E V I O U S YEAR
large
BANKS
\
|
i
|
!
j
j
|
1
|
!
|
1
12.1
1 M
12,0
13.5
12.8
10.3
11.4
11.2
12.5
11.9
11.2
9.9
! A L L COMME RCI AL BANKS
1
A C T UA L
I
1 SEASONALLY!
1
1 ADJUS TED
1
1
1
1
1
1
1
1
1
!
1
i
I
9.0 1
8.7 I
9.3 1
9.0 I
10.4 1
9.3 I
10.2 1
12.3 1
12.0 1
13.5 1
13.9 1
14.8 1
i
1
16.5 1
17.6 1
17.1 1
16.2 1
15. 1 1
14.2 1
13.8 !
11.3 I
12.5 J
9.4 1
14.9
14,8
15.8
14.6
15,3
15.6
15.6
15,5
14.8
13,5
12.1
10.8
10,3
9,4
7.6
7.0
6 ,0
5.3
6 ,2
6 ,5
6,9
7,3
8,9
9 ,6
10.2
10,2
10,2
10.0
10.2
10.4
9.8
9 .7
9.6
1
1
1
1
1
1
!
1
1
1
J
i
1
1
1
1
1
1
1
1
1
f
1
1
i
1
1
1
1
I
1
1
!
1
1
1
14.6
14, 5
15.8
14.6
15.3
15.6
15.5
14.8
14.6
13.5
12.0
10.8
10,6
9.7
7.6
6.6
6 .0
5.2
5 . ‘j
5,9
6,6
7.3
8 .8
9 ,7
10.0
10,0
10.5
10,8
ip .6
10.6
10.4
10.3
9 .7
L A R G E - B A N K DATA ARE FOR A P P R O X I M A T E L Y 1 7 0 COMMERCI AL BANKS THAT S UBMI T THE F . R . 2 4 1 6 WE E K L Y R E P O R T OF A S S E T S AND
LIA B ILITES.
T H E S E ARE BANKS THAT HAD D O ME S T I C A S S E T S OF $ 7 5 0 M I L L I O N OR MORE AS OF D E CE MBE R 3 1 , 1 9 7 7 ,
OF THE
T OT A L FARM LOANS AT SUCH B A N K S , ABOUT 70 P E R C E N T I S AT BANKS IN THE T WE L F T H F E D E R A L R E S E R V E D I S T R I C T ( SAN F R A N C I S C O ) ,
DATA SHOWN FOR A L L CO MME R C I A L BANKS ARE FROM C A L L R E P O R T S A V A I L A B L E FOR MARCH, J U N E ,
S E P T E M B E R DATA ARE E S T I M A T E D FOR U N I N S U R E D B A N K S ) .
FOR OTHER MONTHS, DATA SHOWN ARE
J UNE 1 9 7 9 AND S E P T E M B E R 1 9 7 9 ARE P R E L I M I N A R Y E S T I M A T E S MADE BY THE A U T HO R S .
S E P T E M B E R , AND D E CE MBE R
INTERPOLATED E S T I M A T E S .
(MARCH AND
DATA FOR
TABLE 302.1
25
M EM BER
1
1
1
1
1
1
1
1
1
1
1977-JA N ... |
-F E B ... |
-M A R ... |
- A P R .. .|
-MAY...|
-JU N ...|
—J J L
1
-AUG ..
-SEP ..
...
.|
.|
-OCT.. . |
- N O V ...|
- D E C . . .1
i
1
1978-JAN ...|
- F E B . . .|
-M AR...|
- A P R . . .|
-MAY...|
-JU N ...
-JU L .. .
-A U G .. .
-SE P .. .
-O CT.. .
-N O V ...
-D EC .. .
|
\
|
|
|
|
|
I
1
1979-J AN.• • |
-F E B ...|
-M A R... |
-A PR .. . |
-M AY.. .|
-JU N ... I
-JU L.. . |
-AU G .. . |
-SEP .. . |
-O C T .. .|
D EPO SIT
S IZ E
BANK BORROWING UNDER
SEA SO N AL BORROWING P R I V I L E G E
W E E K E N D I N G ON L A S T W E D N E S D A Y O F M O N T H
NUMBER OF
AV ERAGE DAILY SEASONAL BORROWING!
(THOUSANDS OF DOLLARS)
BANKS
J D E P O S I T S I Z E OF BANK
i
i
UP TO
|
OV ER
1
|
$100
|
$100
I MILLION
| MILLION
T OTAL
8.
10.
17.
21.
45
59.
63.
99.
92.
81
53.
34.
•
.
23.
31
51.
43.
93.
109.
128.
161.
160.
159.
117.
76.
.
62.
82.
100.
114.
164.
177.
156.
165.
158.
155.
|
|
(
1
1
|
j
|
|
|
|
|
1
1
I
1
1
1
I
|
|
|
|
|
|
|
l
|
1
|
|
|
|
|
|
|
|
C LA SSIFIC A TIO N
|
|
j
DEPOSIT
SIZE
UP TO
TOTAL
|
j
$100
MILLION
8.
10.
17.
21.
44.
55.
59.
89.
83.
74.
45.
31.
1
|
|
|
|
|
|
I
|
|
J
1
1
0.
0.
o.
o.
1.
4.
4.
10.
9.
7.
8.
3.
l
|
1
I
1
|
|
|
1
I
1
|
8113.
11353.
14161.
15030.
34503.
70158.
68701.
130235.
115456.
116094.
74288.
52761.
|
I
|
|
i
|
|
f
|
1
|
|
8113.
11353.
14161.
15030.
32503.
45658.
48508.
80936.
73456.
74794.
41488.
34461.
23.
31.
49.
42.
85.
100.
122.
150.
147.
144.
102.
69.
|
1
|
1
|
j
|
|
|
|
|
|
i
1
|
|
|
j
j
|
|
|
|
|
0.
0.
2.
1.
8.
9.
6.
11.
13.
15.
15.
7.
|
|
1
i
1
|
|
1
|
|
|
|
35588.
52858.
51892.
49400.
114954.
133794.
150938.
206810.
204226.
235448.
180107.
131159.
|
|
|
|
|
1
|
|
j
|
1
|
35588.
52858.
50535.
44686.
88968.
101623.
119581.
158153.
156046.
158953.
105834.
87763.
6.
8.
8.
8.
16.
14.
13.
|
1
1
1
|
|
|
|
I
|
112467.
123199.
134302.
141221.
217666.
195382.
166925.
185863.
180358.
185185.
|
|
|
I
|
|
j
I
|
|
78597.
95949.
100166.
106178.
142576.
143859.
126754.
147963.
108602.
133947.
56.
74.
92.
. 106.
148.
163.
143.
156.
147.
143.
IS
BASED
9.
11.
12.
ON
AVERAGE
D EPO SITS
IN
1972.
|
|
|
|
|
|
|
1
1
|
|
|
|
|
|
1
|
|
|
|
1
|
|
|
I
|
|
|
I
1
|
|
|
|
|
|
|
i
1
|
l
OF
BANK
OVER
$100
MILLION
0.
0.
0.
0.
2000.
24500.
20193.
49299.
42000.
41300.
32800.
13300.
0.
0.
1357.
4714.
25986.
32171.
31357.
48657.
48180.
76490.
74273.
43396.
33870.
27250.
34136.
35043.
75090.
51523.
40171.
37900.
71756.
51238.
TABLE 311.3
26
D E P O S I T S AND LOANS AT AGRICULTURA L BANKS
SEVENTH AND NINTH FE DERAL R E S E R V E D I S T R I C T S
SEV ENT H F E D E R A L R E S E R V E
D IS T R IC T
PERCENTAGE CHANGE FROM P R E V IO U S
(CHICAGO)
YEAR
PERCENTAGE CHANGE FROM PR E V IO U S
LOAND E P O S IT
DEPO SITS
1
1
1 9 7 7 - J AN.
-FEB.
-MAR.
-APR.
-MAY.
-JUN.
-JUL.
-AUG.
-SEP.
-OCT.
-NOV.
-DEC.
1978-JAN.
-FEB.
-MAR.
-APR.
-MAY.
-JUN.
-JUL.
-AUG.
-SEP.
-OCT.
-NOV.
-DEC.
1 9 7 9 - JAN.
-FEB.
-MAR.
-APR.
-MAY.
-JUN.
-JUL.
-AUG.
-SEP.
-OCT.
.1
.1
.1
• 1
.1
•1
.1
.1
.1
.1
.1
• .1
l
l
.1
• •1
• •1
• • 1
• .1
• •!
• .1
• • I
• •1
• .1
• .1
• .1i
i
# .1
# .1
.1
a. 1
.1
# .1
.1
.1
• 1
• .1
•
•
.
•
•
•
•
•
•
•
IQ IAL
1
._dEMANQ
1
.
TIME
1
1
LOANS
11.1
10.8
11.5
12.1
11.9
10.9
10.3
10.1
9.2
8.2
8.6
9 .0
1
|
1
|
|
|
|
1
I
|
(
|
i
3 .0
1.8
4.3
5.7
5.0
3.3
1.2
0.8
-1 .4
-2.6
0.5
2 .2
1
|
|
1
|
|
|
|
|
|
|
1
1
14.8
14.7
14.6
14.8
14.8
14.3
14.2
13.9
13.7
12.7
12.0
11.9
|
|
|
|
|
|
|
|
|
|
|
|
1
18.7
18.5
19.3
18.7
14.6
19.4
20.7
21.2
21.7
21.3
19.8
19.1
9.5
8.7
8.7
8.6
8.2
8 .8
8.7
8 .6
9.2
10.1
9.8
8 .4
|
|
|
|
1
|
|
|
1
1
|
|
i
4. 1
2 .6
3.7
3 .5
4.0
6.5
7.1
7.0
9.2
11.7
10.1
5.6
|
|
|
|
|
|
|
|
1
|
|
|
1
11.7
11.1
10.7
10.6
9.8
9.7
9.3
9.2
9.2
9.5
9.6
9.5
|
|
|
|
|
|
|
|
|
|
|
|
i
17.1
16.5
15.1
14.3
13.5
13.0
12.0
12.9
12.3
12.6
13.6
13.7
1
|
t
|
|
|
1
|
|
|
6 .4
5.7
0 .6
1.8
0 .7
0 .4
3 .4
1.8
0 .2
-1 .3
|
i
|
|
1
|
|
|
|
|
9.1
10.9
9.1
8.9
9.2
8.8
9.8
10.0
10.2
10.7
|
|
|
|
|
|
|
1
|
|
14.6
14.8
14.9
15.2
15.6
13.9
13.5
11.8
12.1
11.6
1
8 .3
8 .5
6 .8
7 .0
7 .0
6 .5
8.1
7 .9
7.6
7.5
NINTH F E D E R A L R E S E R V E D I S T R I C T ( M I N N E A P O L I S )
SECOND WEDNESDAY OF MONTH
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
I
1
1
1
1
1
1
\
1
1
1
D E P O S IT S
RATIO
IQ IAL
_ 1
DEMAND
. 1
TIME
I
1
0.574
0.574
0.581
0.578
0 . 5 86
0.593
0.6 1 2
0.617
0 .6 2 1
0 .623
0.619
0 .6 2 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
-0.8
-1. 1
0.8
0.2
1.2
1.0
0.8
-0.1
3.3
2.1
3 .0
3.2
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
I
1
1
I
1
0.614
0.616
0.617
0.608
0.615
0.6 1 6
0 .6 3 1
0.642
0.639
0 .637
0.641
0.651
8.5
7.9
8.2
8 .6
8.8
9.6
9.7
8 .6
8.8
9.1
9.5
*********
7.7
5.6
6. 1
7.5
8.0
10.6
10.8
9 .1
9.3
10.7
10.9
*********
8.9
8.8
9.0
9.0
9.1
9 .3
9.4
8.5
8.6
8.5
8.9
*********
0.649
0.651
0.662
0.655
0.664
0.663
0.662
0.665
0.666
0.6 6 1
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
1
YEAR
L OANS
LOAND E P O S IT
|
|
RATIO
1
J
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
0.6 3 5
0.651
0.650
0 .654
0 .665
0.6 6 9
0.686
0.689
0.684
0.688
0.687
0 .680
1
I
1
I
1
I
I
I
1
1
1
13.9
13.2
13.4
12.5
13.2
13.2
13.0
13.4
13.2
12.9
14.3
j* * * * * * * * *
0.666
0 .683
0.681
0.6 7 7
0 .692
0.690
0.707
0.7 1 9
0.711
0.711
0.717
*********
| *********
j* * * * * * * * *
*********
*********
*********
*********
*********
*********
*********
*********
*********
*********
j*********
j* * * * * * * * *
|*********
j* * * * * * * * *
j*********
j* * * * * * * * *
j* * * * * * * * *
j* * * * * * * * *
DATA FOR THE SEVENTH D I S T R I C T COVER MEMBER BANKS HAVING A R E L A T I V E L Y LARGE PROPORTION OF AGR ICULTURAL LOANS AND
LOCATED IN TOWNS WITH POPULATION UNDER 1 5 , 0 0 0 .
DATA FOR THE NINTH D I S T R I C T COVER MEMBER BANKS AT WHICH AGRICULTURAL
LOANS EXCEEDED 20 PER CENT OF TOTAL LOANS AS OF JU NE 1969.
FOR BOTH D I S T R I C T S , LOANS ARE GROSS LOANS L E S S FE D E RA L
FUNDS SOLD AND S E C U R I T I E S PURCHASED UNDER AGREEMENTS TO R E S E L L .
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
i
1
1
1
1
1
1
1
1
1
1
1
TABLE 312.3
27
D E P O SI TS AND LOANS AT AG R I C U L T U R A L BANKS
SIXTH FEDERAL RE SE RV E DI ST RI CT AND TEXAS
i
I
l
I
l
1
i
1977— J A N ---|
- F E B . ..!
-MAR...|
-APR...|
-MAY.•.|
- J U N . . .|
-JUL...|
-AUG...|
-SEP...|
- O C T . . .J
-NOV...|
-DEC...|
i
i
1 9 7 8 - J AN. . . |
-F EB...I
-MAR...|
-APR...|
-MAY...|
-JUN...|
-JUL...|
-AUG.. .1
-SEP. . . |
-OCT...|
- N O V . . .|
-DEC...!
1
1
1979-JA N.. . !
-FEB. . . !
-MAR...|
-APR.. . !
-MAY.. . |
-JUN...|
-JUL.. . 1
-AUG.. .I
-SEP.. . |
- O C T . . .j
SIXT H F E D E R A L R E SE RV E D I S T R I C T (ATLANTA)
MO N T H L Y AVERAGE EN DI NG SE COND W E D N ES DA Y OF MONTH
PE RC E N T A G E CH A N G E FROM PREVIOUS YEAR
DE P O S I T S
1
LOANS
TOTAL
1
DEMAND
10.A
10.3
10.3
10.3
10.0
10.1
10.9
10.8
10.8
9.3
9.7
10.7
j
|
|
|
|
|
|
|
|
!
J
!
6.2
5. 2
5.5
5.6
4.6
4.0
5.3
4.6
4.4
3.4
4.5
5.9
11.1
10.8
11.9
12.9
13.7
13.4
12.8
12.2
12.7
13.0
12.2
10.9
|
|
|
|
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
9.8
9.2
7.7
6.6
6.2
6.3
6.4
6.5
6.6
5.6
4.3
4.9
2.3
0.2
.“ 0.4
0.6
0.9
0. 3
-0.4
-1 .9
-4.2
1
|
|
|
|
I
|
|
|
1
j
|
|
j
|
|
|
1
|
|
|
|
|
|
!
|
l
1
|
i
|
|
|
j
|
|
|
|
TI ME
1
12.9 |
13.2 |
13.0 |
13.0 |
13.0 J
13.4 |
13.9 |
14.0 |
14.2 |
12.4 |
12.5 |
13.4 |
j
12.5 |
12.3 1
13.6 |
13.7 |
13.8 |
13.6 |
12.7 |
12.1 |
12. 1 |
12.4 j
12.4 |
11.5 1
I
11.5 1
10.4 |
10.0 |
9.6 |
9.3 |
9.2 |
9.6 |
10.1 |
9.4 j
8.6 |
15.1
15.0
15.9
15.7
15.0
17.0
17.2
17.7
17.7
18.0
18.5
18.5
16.9
16.7
17.3
14.4
12.8
12.8
12.7
13.5
14.3
13.8
13.3
12.4
12.6
11.9
12.5
13.3
13.4
12.9
12.4
11.1
9.2
8.9
|
i
1
|
1
|
|
|
|
|
|
|
|
|
|
|
|
1
I
|
|
1
|
1
|
|
|
|
|
|
|
1
|
|
|
i
|
|
|
|
|
j
LOANDEPOSIT
RATI O
TEXAS
1
1
1
1 P E RC EN TA GE CHANGE
1 FROM P R EV IO US YEAR
1
LOANS
1 DE POSITS 1
|
|
0.594 1
11.9
0.598 1
11.7
0.598 1
11.0
0.59 9 1
11.1
10.8
0.616 1
10.7
0.628 1
0.632 I
10.9
0.643 1
11.2
0.644 1
11.5
11.4
0.646 1
11.3
0.642 1
0.636 1
11.0
1
1
10.5
0.623 1
10.9
0.628 1
11.3
0.622 1
0.604 1
11.8
13.0
0.608 1
13.3
0.620 1
0.629 1
12.6
0.644 1
12.6
0.647 1
12.2
0.646 !
11.8
0.644 1
11 . 1
10.0
0.638 1
i
i
8.6
0.640 1
0.651 1
8.8
0.646 1
9.3
9.8
0.643 1
9.5
0.648 1
0.658 1
10.6
11.9
0.664 1
0.670 1
11.5
0.670 1
12.4
0.674 1** ** ** ** *
17.4
1
18.2
I
18.9
1
19.9
1
19.5
1
19.0
1
18.9
1
18.6
1
18.9
1
17.8
1
16.8
1
17.6
1
1
1
17.3
1
16.7
1
16.9
1
15.1
1
15.1
1
15.1
1
15.6
1
15.7
1
15.8
1
16.7
1
17.8
i
17.9
1
1
1
18.6
1
18.2
1
17.4
!
17.0
I
15.4
1
14.5
1
13.9
I
13.3
1
13.4
1
j* * * * * * * * *
1
1
J
1
i
LOANDEPOSIT
RATIO
0.502
1
0.505
1
0.516
I
0.5 26
1
0.547
1
0.555
1
0.560
1
0.568
1
0.572
1
0.567
1
0.557
1
0.552
1
I
1
0.533
1
0.531
1
0.5 42
1
0.541
1
0.557
1
0.564
1
0.575
1
0.5 84
1
0.590
1
0.592
1
0.591
1
0.592
1
I
1
0.582
1
0.577
1
0.582
1
0.577
1
0.587
1
0.5 84
1
0.585
1
0.594
1
0.595
1
j** ** ** ** *
1
1
|
1
1
1
1
I
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
i
1
I
1
1
1
i
1
1
1
1
1
DATA FOR THE SIXTH D I S T R I C T ARE FOR M E MB ER 3A NKS AT WHIC H A G R I C U L T U R A L LOANS C O M P R I S E 15 PER CENT OR MORE OF TOTAL LOANS.
DATA FOR TE XAS ARE FOR A SAMPLE OF ME MB ER BANKS AT WHIC H A G R I C U L T U R A L LOANS C O M P R I S E 25 PER CENT OR MORE OF TOTAL LOANS.
FOR BOTH D I ST RI CT S, LOANS ARE GROSS LOANS LESS FEDERAL FUNDS S O LD AND S E C U RI TI ES P U R C H A S E D U N D E R A G R E E M E N T S TO RESELL.
28
Appendix:
Quarter
Average interest rates on business and farm borrowings (percent)
I
Prime
!
4-6 month|
commercial!
paper* |
I
I
1
Farm loans at banks
Business loans
at banks^
Prime
rate,
large
banks
Average,
all
banks'*
Short-term
farm loans,
Ninth
District^
Feeder
cattle
loans,
Seventh
District-*
9.2
8.8
I Farm Credit System^
1
Non-real-estate farm loans, I Production
Federal
United States^*-*
1
Credit
Land
(Associations
Banks
Large
Other
All
1
banks**
banks
banks
1
1
1976-Q4
5.2
6.25
1977-Q1
-Q2
-Q3
-Q4
4.7
4.9
5.4
6.6
6.25
6.25
6.75
7.75
7.6
7.6
7.9
8.6
9.2
9.2
9.2
9.2
8.7
8.7
8.7
8.8
8.3
8.1
8.4
9.1
8.9
8.9
8.9
9.0
1978-Q1
-Q2
-Q3
-Q4
6.8
6.9
7.9
9.0
8.00
8.00
9.00
10.50
8.9
9.1
10.0
11.4
9.2
9.2
9.4
9.5
8.9
8.9
9.1
9.4
9.3
9.6
10.4
11.7
1979-Q1
-Q2
-Q3
-Q4
10.3
9.9
9.8
13.2
11.75
11.75
11.75
15.25
12.2
12.3
12.3
10.2
10.4
10.8
11.8
10.1
10.5
10.8
11.7
12.5
12.8
12.9
JL/
2/
3/
4/
5/
6/
U
-
-
8.2
8.6
8.8
8.7
8.7
9.1
8.2
8.1
7.9
8.0
8.5
8.4
8.3
8.3
9.1
9.2
9.3
10.0
9.2
9.3
9.6
10.4
8.4
8.7
9.0
9.2
8.2
8.3
8.3
8.4
10.4
10.7
10.9
11.0
11.2
11.3
10.0
10.6
10.9
11.0
8.7
9.0
9.3
9.3
-
-
Average, first month of quarter.
First full business week of second month of quarter.
Dollar-weighted average of effective rates on loans of $1,000 or more made in the week indicated.
Average of most common rates at banks representative of farm lending, first day of quarter.
Average of typical rates at agricultural banks, first day of quarter.
’’Large banks” (survey strata 1-3) correspond roughly to banks with over $400 million in total assets in 1978.
Unweighted average of quoted rates, first day of quarter (calculated by the authors). Stock purchases
required of borrowers from these cooperatives are not taken into account in the rates shown.
@FedFRASER