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E. 15 (125) October 1981 Emanuel Melichar Paul T. Balides AGRICULTURAL FINANCE DATABOOK Quarterly Series Division of Research and Statistics Board of Governors of the Federal Reserve System Washington, D.C. 20551 2 AGRICULTURAL FINANCE DATABOOK— QUARTERLY SERIES SECTION OCTOBER 1981 PAGE 100 Outstanding farm debt..... ............................................ 3 200 Farm lending operations and experience of nonbank institutions..... 8 300 Agricultural banking data......... 900 Farm income and expenses............................................. 58 34 AGBI C U L T U R A L FIN A N C E D A T A B O O K — Q U A R T E R L Y SEBIEi 100 OCTOBER 1981 O U T S T A N D I N G FARM DEBT 111 TOTAL DEBT 111. IQ 111.2Q 111.3Q 111.4Q 111.5Q 1 1 1 . 6Q A M O U N T ................. .......... .... .................... ...... ......... .4 C H A N G E FROM P R E V I O U S Q U A R T E R ............................. ......... . . 4 P E R C E N T A G E CHA N G E F R O M PREVI O U S Q U A R T E R . . ... ........................ 4 C H A N G E FROM PREVI O U S Y E A R ................... ............................5 P E R C E N T A G E CHAN G E FR O M PRE V I O U S Y E A R ..... .............. .......... ... 5 PERCE N T A G E D I S T R I B U T I O N ......................................... ..... 5 112 RE A L ESTATE AND N O N - R E A L - E S T A T E DEBT TO REPORTING LEND I N G INST I T U T I O N S 112. 1Q 112.2Q 112. 3Q 112.4Q 112.5Q 112. 6Q SOURCES: A M O U N T ................................................... ,...6 C H A N G E FROM PREVI O U S Q U A R T E R . . . ............................. 6 P E R C E N T A G E CHAN G E FROM P R E V I O U S Q U A R T E R .................... .6 7 C H A N G E FR O M PREVI O U S YEAR...................... P E R C E N T A G E CH A N G E FR O M P R E V I O U S YEAR....................................7 P E R C E N T A G E D I S T R I B U T I O N .................................. 7 QU A R T E R L Y R E P O R T S OF CONDITION* ALL INSU R E D C O M M E R C I A L BANKS; '•PRODUCTION C R EDIT A S S O C I A T I O N S — S E L E C T E D MON T H L Y LOAN DATA," SU P E R V I S O R Y DIVISION* FARM C R E D I T ADMINISTRATION; " F E D E R A L L A N D BANKS— S U MMARY OF SEL E C T E D M O NTHLY L O A N DATA*" T E C H N I C A L SERVI C E S DIVISION, FARM C R E D I T A D M I NISTRATION; "FARM C R E D I T SY S T E M LOAN O P E R A T I O N S , " FARM C R E D I T ADMINISTRATION; BANK S E R V I C E S DIVISION, "GROSS FLON OF M O R T G A G E L O A N S IN THE UNITED STATES," AMERI C A N C O U N C I L OF L IFE INSURANCE; F I N A N C E OFFICE, AGRICULTURE; FAR M E R S HOME A D M I N I STRATION, ECONO M I C R E S E A R C H SERVICE* U.S. U. S..DEPARTMENT OF D E P A R T M E N T OF AGRICULTURE. 4 SABLE 111Q FARM TOTAL DEBT ~ | END OF QUARTER 1 1 | TOTAL REAL NON-REAL-| | E S TATE EST A T E J 1 i 1 1 1 1 1 90871. 51034. 39837. | 197 5 - Q4. ..| I I 1976-Q1. . „j * * * * * * * * * * * * * * * * * * * * * * * * * * * | *************************** | -Q2. -Q3. .. j * * * * * * * * * * * * * * * * * * * * * * * * * * * } -Q4. ...| 102745. 56589. 46155. | 1 1 1977-Q1. -Q2. ..1 * * * * * * * * * * * * * * * * * * * * * * * * * * * j -Q3. ,.| * * * * * * * * * * * * * * * * * * * * * * * * * * * j 63670. 55426. | -Q4. ..| 119096. I I 1978-Q1. ..j * * * * * * * * * * * * * * * * * * * * * * * * * * * | *************************** j -Q2. . -Q3. . .j * * * * * * * * * * * * * * * * * * * * * * * * * * * j 71206. 65108. | -Q4. ..| 136315. | 1 j *************************** | 1 979-Q1. -Q2. ..j * * * * * * * * * * * * * * * * * * * * * * * * * * * j -Q3. ..1 * * * * * * * * * * * * * * * * * * * * * * * * * * * j 82516. 74933. | -Q4. ..| 157449. 1 1 1980-Q1. ..| * * * * * * * * * * * * * * * * * * * * * * * * * * * | -Q2. . . j * * * * * * * * * * * * * * * * * * * * * * * * * * * j . -Q3. . . j * * * * * * * * * * * * * * * * * * * * * * * * * * * | 92710. 81926. J “ Q4- ..| 174636,. I 1 1981-Q1. . . | * * * * * * * * * * * * * * * * * * * * * * * * * * * | -Q2. ..j * * * * * * * * * * * * * * * * * * * * * * * * * * * j “ Q3. ..] * * * * * * * * * * * * * * * * * * * * * * * * * * * j i _ i i i i . .. _ ._ .............. . . . j i . 1976-Q1.. . j *************************** | -Q2. ..i * * * * * * * * * * * * * * * * * * * * * * * * * * * | -Q3. ,.i * * * * * * * * * * * * * * * * * * * * * * * * * * * | -Q4. . . j * * * * * * * * * * * * * * * * * * * * * * * * * * * j TOTAL REAL ESTATE 111-IQ O UTSTAN DING | i NON-REAL-J ESTATE | 1 REPORTING LENDING INSTITUTIONS TOTAL INSURED COOPE R A T I V E : LIFE COMMERCIAL FARM INSU R A N C E COMP A N I E S B ANKS CREDIT SYSTEM FARMERS COMMODITY CREDIT HOME ADMINIS CORPOR TRATION ATI O N _ AMOUNTS IN MI L L I O N S OF DOLLARS 1 | 1 *************************** | *************************** j *************************** | 27566. 20266. 7300. | 65793. 26353. 27107,. 6726. 5249. 358. 67250. 71116. 73297. 75179. 26544. 28492. 29386. 29918.. 28167. 29783. 30702. 31091. 6789. 6980. 7159. 7400. 5345. 5679. 5836. 5758. 406. 183. 215. 1012. 77630. 83388. 86947. 89017. 30644. 32964. 33877. 33434. 32268. 34334. 35353. 35290. 7615. 8116. 8452. 8819. 5893. 6539. 6832. 6984. 1211. 1436. 2433. 4489. * * * * * * * * * * * * * * * * * * * * * * * * * * * | 91251. * * * * * * * * * * * * * * * * * * * * * * * * * * * | 96381. * * * * * * * * * * * * * * * * * * * * * * * * * * * j 100107. 33478. 23058. 10420. | 102836. 33322. 35182. 36472. 36647. 35978. 37894. 39394. 40080. 9183. 9691. 10095. 10478. 8052. 9609. 10435. 10388. 4716. 4006. 3711. 5243. *************************** *************************** *************************** 36857. 25137. 11720. 106182. 113805. 117191. 120592. 36600. 38397. 39508. 39558. 41650. 44539. 46505. 48436* 10907. 11461. 11842. 12165. 11385. 14416. 15798. 15932. 5639. 4993. 3538. 4500. 125440. 130857. 131933. 133951. 38999. 39491. 40084. 40087. 51284. 54631. 55537. 56479. 12415. 12725. 12800. 12928. 17737. 19461. 20009. 20090. 5006. 4549. 3503. 4367. 139603. 145566. 148221. 39800.. 41605. 41921. 59500. 63364. 65415. 13028. 13002. 13106. 22101. 24309. 24662. 5175. 3286. 3117. 25078. 18728. 6350. *************************** | *************************** 2 *************************** | 30079. 21669. 8410. | *************************** *************************** *************************** 40685. 26685. 14000. *************************** *************************** *************************** 111.2Q 2 | | | 1 | | j | I | j j CHA N G E F ROM PREVI O U S QUARTER , M I LLIONS OF DOLLARS *************************** *************************** *************************** *************************** I | | i ..i . .j ..j ..i *************************** *************************** *************************** *************************** 1978-Q1. -Q2. -Q3. -QiU i .„i . ,i ,.i ..2 *************************** *************************** *************************** *************************** *************************** *************************** *************************** *************************** *************************** *************************** *************************** *************************** *************************** *************************** *************************** i i i ........ _ ....... .... . . i ************************* 1 9 7 6 - Q 1 . ..i ************************* -Q2. ,..( ************************* -Q3. ,.i ************************* -Q4'. .,i 1977-Q1. -Q2. -Q3. -Q4. i ..( ..i ..1 ..j ************************* ************************* ************************* ************************* 1978-Q1. -Q2. -Q3. -Q4. i ..| . ,i ..2 . ,i ************************* ************************* ************************* ************************* i 19 7 9 - Q 1 . ..i -Q2. ..j -Q3. ..2 -Q4. ..i i 1980-Q1. ..i -Q2. ..i -Q3. ..j -Q4. . ,i ************************* ************************* ************************* ************************* i 1981-Q1. .. | -Q2. ..i -Q3. ..j ************************* ************************* ************************* ************************* ************************* ************************* ************************* | 1458. 3866. 2181. 1881. i j j | | i *************************** | *************************** | *************************** | *************************** | 2452. 5758. 3559. 2070. 726. 2320. 913. -443. 1177. 2066. 1019. -63. 215. 501. 336. 367. 135. 646. 293. 152. 199. 224. 998. 2056. j 1977-Q1. -Q2. -Q3. -Q4. i 1979-Q1. . .j -Q2. ..2 -Q3. ..2 -Q4. ..i i 1 9 8 0 - Q 1 . ..i -Q2.. . ,j -Q3. . .j -Q4. ...2 i 19 8 1 - Q 1 . . . j -Q2. „ . j -Q3- ..i DEBT INDIVIDUALS AND OTHERS | | | j i *************************** | *************************** | *************************** | *************************** | 2234. 5130. 3726. 2730. -112. 1860. 1290. 175. 688. 1916. 1500. 687. 364. 507. 404. 383. 1068. 1557. 826. -47. 227. -710. -295. 1532. i j | | j i *************************** j *************************** i *************************** j *************************** j 3345. 7623. 3386. 3401. -47. 1797. 1111. 50. 1569. 2889. 1966. 1931. 429. 553. 382. 323. 997. 3031. 1382. 134. 397. -646. -1455. 963. i | | j j 4848. 5417. 1076. 2018. -559. 492. 593. 3. 2847. 3348. 906. 942. 250. 310. 75. 128. 1805. 1724. 548. 81. 505. -457. -1046. 864. 5652. 5963. 2654. -287. 1805. 316. 3020. 3865. 2051. 100. -26. 104. 2011. 2208. 353. 808. -1889. -169. 0.9 2.8 2.6 3.4 1.8 6.2 2.8 -1.3 13.3 -54 . 9 17.7 370.2 2.9 6.6 4.1 4.3 2.3 11.0 4.5 2.2 19.7 18.5 69.5 84.5 4.1 5.5 4.2 3.8 15.3 19.3 8.6 -0 . 4 5.0 -15.1 -7.4 41.3 4.1 5.1 3.3 2.7 9.6 26.6 9.6 0.8 7.6 -11.5 -29.1 27.2 2.1 2.5 0.6 1.0 11.3 9.7 2.8 0.4 11.2 -9. 1 - 23.0 24.7 0.8 -0.2 0.8 10.0 18.5 -36.5 -5.1 i | | j i i j j | *************************** *************************** *************************** *************************** 2 i *************************** | *************************** | *************************** | i 191. 1948. 894. 532. 1060. 1616. 919. 389. 63. 191. 179. 242. 96. 334. 157. -78. 48. -223. 32. 797. 111.3Q P E R C E N T A G E C H ANGE FROM PRE V I O U S Q U ARTER . i I | | ************************* 2.2 0.7 3.9 | | ************************* 5.7 7.3 5.7 | j ************************* 3.1 3.1 3.1 | j ************************* 2.6 1.8 1.3 1 j | | ************************* 2.4 3.3 3.8 j j ************************* 7.4 7.6 6.4 | | ************************* 4.3 3.0 2.8 2 j ************************* 2.4 - 0.2 -1.3 i | ************************* ] 2.5 -0.3 1.9 | 2 ************************* 5.6 5.6 5.3 ************************* j 2 3.7 3.9 4.0 j j ************************* 2.7 0.5 1.7 i i | | ************************* 3.3 -0. 1 3.9 | ************************* | 7.2 4.9 6.9 | 2 ************************* 3.0 4.4 2.9 | ************************* | 2.9 0.1 4.2 i i | ************************* | -1.4 4.0 5.9 | ************************* 2 4.3 1.3 6.5 j ************************* | 0.8 1.5 1.7 | ************************* | 1.5 0.0 1.7 i i | ************************* | 4.2 -0.7 5.3 | ************************* | 4.3 4.5 6.5 | | ************************* 1.8 0.8 3.2 J ________________________________________________ L 1 0 .0 1.5 5 TABLE 11 IQ (CONTINUED) FAPB DEBT OUTST A N D I N G END OF QUARTER I 1 1 | 1 1 TOTAL DEBT 1 1 1 _____ TOTAL BEAL ES T A T E NON-REAL- l ESTATE ( IN D I V I D U A L S ( 1 1 NON-REAL-| TOT A L ESTATE | _______ L_ TOTAL BEAL ESTATE C H A N G E FBOH P R E V I O U S YEAR, *************************** *************************** *************************** 2488. 1538. 950. 1976-Q1. -Q2. -Q3. -Q4. 1 I | | 1 | j | j | ! I | j | j | I l I | | 1 | | I I | | | I I | j L ************************* ************************* ************************* 1977-Q2. -Q3. -Q4. Q1. ************************* ************************* ************************* ************************* 1978-Q2. -Q3. -Q4. Q1. ************************* 1979- Q1. ************************* -Q3. -Q4. -Q2. -Q3. -Q4. 1980- -Q2. -Q3. -04. 198 1 - -Q2. -Q3. ************************* ************************* 15.9 12.5 20.1 ************************* ************************* 14.5 11.8 17.5 ************************* ************************* 15.5 15.9 15.1 Q1. ************************* ************************* ************************* 10.9 12.4 9.3 Q1. ************************* ************************* ************************* 9.9 8.2 15.0 { ****** | 12.8 j ****** ( 14.3 Q4. 1 00.0 197 6 - Q1. ************************* -Q2. -Q3. — Q4. 1977- -Q2. -03. — Q4. 1978- -Q2. -Q3. -Q4. 1979- -Q2. -Q3. -Q4 • 1 9 80- -Q2. -03. -Q4. 1981- -Q2. -Q3. 56.2 43.8 ************************* ************************* 100.0 55.1 44.9 Q1. ************************* ************************* ************************* 100.0 53.5 46.5 Q1. ************************* ************************* ************************* 100.0 52.2 47.8 Q1. ************************* ************************* ************************* 100.0 52.4 47.6 Q1. ************************* ************************* ************************* 100.0 53.1 46.9 Q1. ************************* ************************* ************************* BILLI O N S OF DOLL A R S ******* 3624. 3785. 4089. 3984. 3348. ******* 3565. 4100. 4472. * 4491.* * 3516. * 4101. 4551. *4651. * * 4200. 391. 435. 555. 674. * 826. 1136. * * 1294.. 1419- 866. 543. 491. 509. * * 548. 860. * 996. 1226. ******* -15. ******* 654. j 806. 1253. 2218. 3477. 2678. 2218. 2595. 3213. 3710. 3560. 4041. 4 790. 1568. 1575. 1643. 1659. 2159. 3070. 3603. 3404. 3504. 2570. 1278. 754. 3278. 3215. 3036. 2911. 5672,. 6645. 7111. 8356. 1724.. 1770. 1747. 1687. 3333. 4807. 5363. 5544. 924. 987. -173. -742. 2399. 1094. 576. 529. 9634. 10093. 9032. 8043. 1507. 1264. 958. 763. 6352. 5045. 4211. 4158. -633. -444. -35. -133. 801. 2114. 1837. 8216. 8733.. 9878.i 613. 277. 306. 4364. 4848. 4653. 169. -1263. -386. ****** 13.3 ****** 13.5 14.8 14.6 15.4 14.7 6.1 6.6 8.4 10.0 19.3 10.6 9.2 9.7 ****** -7 . 5 ****** 182.8 I | I | 15.4 17.3 18.6 18.4 15.4 15.7 15.3 11.8 14.6 15.3 15.2 13.5 12.2 16.3 18.1 19.2 10.3 15.1 17.1 21.3 198.7 684.9 1030.6 343.7 23.9 ! I I I 17.5 15.6 15.1 15.5 8.7 6.7 7.7 9.6 11.5 10.4 11.4 13.6 20.6 19.4 19.4 18.8 36.6 46.9 52.7 48.7 289.4 179.0 52.5 16.8 ************************* ************************* ************************* 10.1 9.0 12.5 | I | | 16.4 18.1 17.1 17.3 9.8 9.1 8.3 7.9 15.8 17.5 18.1 20.8 16.8 18.3 17.3 16.1 41.4 50.0 51.4 53.4 19.6 24.6 -4.7 - 14.2 ************************* ************************* ************************* | I | | 18. 1 15.0 12.6 11.1 6.6 2.8 1.5 1.3 23.1 22.7 19.4 16.6 13.8 11.0 8.1 6.3 55.8 35.0 26.7 26.1 -11.2 -8.9 -1.0 -3.0 1 | 1 1 11-3 11.2 12.3 2.1 5.4 4.6 16.0 16.0 17.8 4.9 2.2 2.4 24.6 24.9 23.3 3.4 -27 . 8 - 11.0 29.0 29.8 7.4 5.8 0.4 9.1 6.9 15.2 ************************* ************************* ************************* 11.3 10.4 6.4 6.2 19-5 ************************* ************************* ************************* 8CENTAGE 1975- COMMODITY FARMERS C R EDIT HOME AD M I N I S corpor TRAT I O N a t i o n ___ PER C E N T A G E C H A N G E F BOB PBEVI O U S TEAR Q 1 .* * * * * * * * * * * * * * * * * * * * * * * * * ************************* ************************* 13.1 10.9 15.9 -Q2. I N SURED COOPERATIVE LIFE COMBERCIAL FARH INSURANCE BANKS CR E D I T CO M P A N I E S s y s t e m _______ j *** * * * * | 8096. | * * ***** | 9386. 1 *************************** | 10380. *************************** | 12272. * * * * * * * * * * * 13650. * * * 2513. 1403. 1110. | 13838. I *************************** | 13620. *************************** j 12993. *************************** | 13160. 3399. 1389. 2010. | 13820. 1 * * * * * * * * * * * * * * * * * * * * * * * * * * * | 14931. *************************** | 17424. *************************** | 17084. 3379. 2079. 1300. ) 17755. I *************************** | 19259. *************************** j 17052. * * * * * * * * * * * * * * * * * * * * * * * * * * * | 14742. 3828. 1548. 2280. | 13359. I *************************** | 14163. * * * * * * * * * * * * * * * * * * * * * * * * * * * j 14709. *************************** | 16288. _____ L 111.5Q 1976- RE P O R T I N G L E N D I N G I N S T I T U T I O N S . 111.4Q . . | *************************** „.j * * * * * * * * * * * * * * * * * * * * * * * * * * * .*************************** ...| 11874. 5555. 6318. 1 1977-Q1. . „| * * * * * * * * * * * * * * * * * * * * * * * * * * * -Q2. ..j * * * * * * * * * * * * * * * * * * * * * * * * * * * -Q3. . . | * * * * * * * * * * * * * * * * * * * * * * * * * * * *Q4. ..| 16351. 7080. 9271. I 1978-Q1. . .j * * * * * * * * * * * * * * * * * * * * * * * * * * * *************************** -Q2. -Q3. . .j * * * * * * * * * * * * * * * * * * * * * * * * * * * -Q4. ,.| 17219. 7537. 9682. 1 1979-Q1. ..j * * * * * * * * * * * * * * * * * * * * * * * * * * * *************************** -02. *************************** -Q3. -Q4. . . | 21134. . 11309. 9825. I 1 9 8 0 - Q 1 . . .j * * * * * * * * * * * * * * * * * * * * * * * * * * * -Q2. ,.| * * * * * * * * * * * * * * * * * * * * * * * * * * * -Q3. . ,| * * * * * * * * * * * * * * * * * * * * * * * * * * * 17188. 10195. 6993. -Q4. ..| I 1981-Q1. ..j * * * * * * * * * * * * * * * * * * * * * * * * * * * *************************** -Q2. -Q3. ..j * * * * * * * * * * * * * * * * * * * * * * * * * * * 1 AND OIHERS 27.6 20.6 7.0 ************************* ************************* ************************* 26.8 19.7 7.1 J of 72.4 TOTAL ******************************************************* ******************************************************* ******************************************************* 7 3 . 2 29 . 1 3 0 . 3 7.2 5 .6 1.0 ************************* ************************* ************************* 25.3 18.2 7.1 ******************************************************* ******************************************************* ******************************************************* ************************* ************************* ************************* ******************************************************* ******************************************************* ******************************************************* 24.6 16.9 7.6 ************************* ************************* ************************* 23.4 16.0 7.4 ************************* ************************* ************************* 23.3 15.3 8.0 ************************* ************************* ************************* 7 4 . 7 7 5 . 4 28.1 2 6 . 9 2 9 . 6 2 9 . 4 7.4 7.7 5 .9 7 .6 3.8 3.8 ******************************************************* ******************************************************* ******************************************************* 7 6 . 6 2 5 . 1 3 0 . 8 7.7 10.1 2.9 ******************************************************* ******************************************************* ******************************************************* 76. 7 2 3 . 0 3 2 . 3 7.4 1 1 . 5 2 .5 ******************************************************* ******************************************************* ******************************************************* 6 TABLE 112Q FARM DEBT OUTSTANDING AT REPORTING LENDING INSTITUTIONS B E A L E S T A T E DE B T N O N - R E A L - E S T A T E DEBT I 1 END O F QUA R T E R | TOT A L T OTAL I N SURED COMMERCIAL BANKS FEDE R A L LAND BANKS LIFE INSUEANCE COMPANIES 1 1 2 . 1Q FARMERS f HOME | ADHINIS-I TRATION i TOTAL INS U R E D PRODUCTION FEDERAL FARMERS COMMODITY COMMERCIAL HOME CR E D I T CREDIT INTERMEDI BANKS A S SOCIA— A TE C R E D I T A D M I N I S CORPOR ATION TRATION . T1QNS BAN K S _ AMOUNTS IS[ M I L L I O N S OF DOLLARS 1975-Q4... | 65793. 32306. 6224. 16014. 6726. 3342. 33487. 20129- 10742. 352. 1907. 358. 1976-Q1... -Q2--- Q 3 . .. -Q4... | | | | 67250. 71116. 73297. 75179. 33059. 34254. 35286. 36323. 6111. 6343. 6504. 6712. 16700. 17403. 17982. 18524. 6789. 6980. 7159. 7400. 3459. 3528. 3641. 3687. 34191. 36862. 38011. 38855. 20433. 22149. 22882. 23206. 11117. 12006'. 12321. 12196. 350. 374. 398. 370. 1886. 2151. 21 95. 2071. 406.. 183. 215. 1012. 1 9 7 7 - Q l . .. | . -Q2. .. | -Q3* • • | -Q4... | 77631. 83388. 86947. 89017. 37688. 3950140870. 42001. 69777342. 7607. 7730. 19331. 20190. 20874. 21466. 7615. 8116. 8452. 8819. 3765. 3853. 3937. 3985. 39943. 43887. 46077. 47016. 23667. 25622. 26270. 25704. 12583. 13749. 14069. 13454. 354. 395. 410. 370. 2128. 2686. 2895. 2999. 1211. 1436. 2433. 4489. 1978-Q1. | 91251. -Q2,.. | 96381. -Q3... | 100107. ” Q4. . . | 102837. . 43428. 45274. 46924. 48148. 7902. 8189. 8418. 8467. 22234. 23131. 23939. 24668. 9183. 9691. 10095. 10478. 4109. 4264. 4472. 4535. 47822. 51107. 53183. 54688. 25420. 26993. 28054. 28180. 13427. 14312. 14955. 14901. 317. 451. 500. 511. 3943. 5345.. 5963. 5853. 4716. 4006. 3711. 5243. 1979-Q1... | 106182. -Q2... | 113805. -Q3. .. 1 117191. -Q4. .. | 120592. 50574. 53458. 55708. 57379. 8504. 8628. 8695. 8554. 25851. 27261. 28430. 29725. 10907. 11461. 11842. 12165. 5312. 6108. 6740. 6934. 55607. 60347. 61484. 63213. 28096. 29769. 30813. 31004. 15381. 16688. 17452. 18045. 418. 589. 623. 666. 6073. 8308. 9058. 8998. 5639. 4993. 3538. 4500. 1 9 8 0 - Q 1 ..- | -Q2... | -Q3. . . | -Q4... | 125440. 130857. 131933. 133951. 68181. 62894. 64495. 66025. 8518. 8436. 8488. 8546. 31603. 33681. 34852. 36032. 12415. 12725. 12800. 12928. 7645. 8052. 8355. 8519. 65259. 67963. 67438. 67926. 30481. 31055. 31596. 31541. 18953. 20195. 19911. 19636. 727. 755. 774. 811,. 10092. 11409. 11655. 11571. 5006. 4549. 3503. 4367. 1981-Q1... | 139603. -Q2... | 145566. -Q3... j 148221. 68150. 70584. 72627. 8464. 8439. 8406. 38030. 40280. 42103. 13028. 13002. 13106. 8629. 8863. 9013. 71453. 74983. 75593. 31336. 33166. 33515. 20612. 22126. 22315. 858. 958. 998. 13472. 15447. 15649. 5175. 3286. 3117. 112.2Q CHA N G E F ROM P R E V I O U S QUARTER* MIL L I O N S OF DOL L A R S 1976-Q1... 1 -Q2... | -Q3. .. | - Q 4 . .. ] 1458. 3866. 2181. 1881. 753. 1195. 1032. 1038. -113. 232. 161. 208. 686. 703. 579. 542. 63. 191. 179. 242. 117. 69. 113. 46. 704. 2671. 1149. 844. 304. 1716. 733. 324. 376. 888. 316. -125. -2. 24. 24. -28. -21. 265. 44. -124. 48. -223. 32. 797. 1977-Ql... | - Q 2 ___ | — Q3 • • « I -Q4... | 2452. 5758. 3559. 2070. 1364. 1813. 1369. 1131. 265. 365. 265. 123. 807. 859. 684. 593. 215. 501. 336. 367. 78. 88. 84. 48. 1088. 3944. 2190. 939. 461. 1955. 648. -566. 387. 1166. 320. -615. -16. 41. 15. -40. 57. 558. 209. 104. 199. 224. 998. 2056. 1978-Q1... -Q2... -Q3... -Q4... | | | 1 2234. 5130. 3726. 2730. 1427. 1846. 1649. 1225. 172. 287. 229. 49. 768. 897. 808. 729. 364. 507. 404. 383. 124. 155. 208. 63. 806. 3284. 2077. 1505. -284. 1573. 1061. 126. -27. 885. 643. -53. -53. 134. 50. 10 . 944. 1402. 618-. -110. 227. -710. -295. 1532. 1979-Q1... -Q2... -Q3... -Q4... | | | | 3345. 7623. 3386. 3401. 2426.. 2884. 2250. 1671. 37. 124. 67. -141. 11831410. 1169. 1295. 429. 553. 382. 323. 777. 796. 632. 194. 919. 4740. 1137. 1730. -84. 1673. 1044. 191. 480. 1307. 764. 592. -93. 172. 33. 44. 220. 2234. 750. -60. 397. -646. -1455. 963. 1980-Q1. . . | . - Q 2 . .• | -Q3... 1 -Q4... | 4848. 5417. 1076. 2018. 2802. 2713. 1601. 1530. -36. -82. 52. 58. 1878. 2078. 1171. 1180. 250. 310. 75. 128. 711. 407. 303. 164. 2046. 2704. -525. 488. -523. 574. 541. -55. 908. 1242. -284. -275. 61. 28. 19. 37. 1094. 1317. 246. -84. 505. -457. -1046. 864. 1981-Q1... | -Q2... I -Q3. . . | . 5652. 5963. 2654. 2125. 2434. 2043. -82. -25. -33. 1998. 2251. 1823. 100. -26. 104. 110. 234. 150. 3527. 3530. 611. -205. 1830. 349. 976. 1513. 189. 47. 101. 1901. 1975. 202. 808. -1889. -169. -1.1 14.1 13.3 -54.9 17.7 370.2 112 • 3Q P E R C E N T A G E CHA N G E FROM PRE V I O U S Q U ARTER 1976-Q1... | -Q2... | | -Q4... | 2.2 5.7 3.1 2.6 2.3 3.6 3.0 2.9 -1.8 3.8 2.5 3.2 4.3 4.2 3.3 3.0 0.9 3.5 2.8 2.6 2.0 3.4 3.2 1.3 1977-Q1... -Q2,.,, -Q3... -Q4... | 1 | | 3.3 7.4 4.3 2.4 3.8 4.8 3.5 3.9 5.2 3.6 4.4 4.4 3.4 2.9 2.1 2.8 1.6 1978-Q1... | -Q2.... | “ Q 3 . •• i - Q 4 . .. | 2.5 5.6 3.9 2.7 3.4 4.3 3.6 2.2 1979-Q1... | -Q2... | -Q3.. . 1 -Q4... 1 3.3 7.2 3.0 2.9 5.0 5.7 4.2 3.0 1980-Q1... | -Q2... I -Q3...- 1 - Q 4 --- | 4.0 4.3 0.8 1.5 4.9 4.5 2.5 2.4 -0.4 -1.0 1981-Q1... | -Q2... | -Q3... | 4.2 4.3 1.8 3.2 3.6 2.9 2.6 3.6 2-8 0.6 0.4 1.5 0.8 -1.6 6.6 2.3 2.8 4.1 4.3 2-2 1.2 3.6 4.0 3.5 3.0 4.1 5.5 4.2 3.8 3.1 3.8 4.9 1.4 4.8 5.5 4.3 4.6 4.1 5.1 3.3 2.7 17.1 15.0 10.3 2.9 6.3 2.1 10.3 5 .3 . 3.8 6.6 2.5 0.7 3.5 3.4 0.6 1.0 - 1.0 -0.3 -0.4 5.5 5.9 4.5 0.8 0.6 39. -0.2 0.8 2-0 1.3 2.7 1.7 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 l 1 1 1 1 1 1 1 1 1 1 ..L .. 2.1 2.2 1.5 8.4 3.3 1.4 2.8 2.0 9.9 5.0 7.8 3.1 2.0 1.7 6.9 4. 1 2.8 1.7 8.5 1.9 3.5 8.0 2.6 -1.0 -0.6 6.9 6.5 -7.0 2.0 -5.6 -4.4 2.8 8.3 2.5 -2 . 2 3.2 9.3 2.3 -4.4 11.6 3.9 -9.8 26.2 7.8 3 .6 -1.1 -0.2 6.2 6.6 -14.2 42.2 31.5 35.6 3.9 0.4 4.5 -0.4 11.0 2.1 11.6 -1.8 5.0 -15.1 -7.4 41.3 -0.3 -18.2 41.1 5.7 7.0 3.8 36.8 9.0 -0.7 7.6 -11 . 5 -29.1 27.2 5.0 12.2 11.2 13.0 19.7 18.5 69.5 84.5 2.8 0.6 3.2 8.5 4.6 3.4 3.2 4.1 -0.8 0.7 -1.7 1.9 1.7 -0 . 2 -1.4 -1.4 9.2 3.8 2.5 4.8 - 0.7 -9.1 -23.0 24.7 5.2 4.9 -0.6 5.8 0.8 1.1 5.0 7.3 0.9 5.8 11.7 4.1 16.4 14.7 1.3 18.5 -36.5 -5.1 6.0 3.5 6.6 2.2 7 TABLE 112Q (CONTINUED) EARS DEBT OUTSTANDING AT REPORTING LENDING INSTITUTIONS 1 1 | END O F QUARTER REAL 1 TOTAL 1 1 l 1 J INSU RED COMMERCIAL BANKS TOTAL 1 ESTATE DEBT FEDERAL LAND BANKS L IFE INSURANCE COMPANIES 1 1 FARMERS | HOME i AD M IN IS-I N O N -REA L-ESTA TE IN SU RED PR O D U C TIO N COMMERCIAL, CRED IT BANKS A SSO C IA - TOTAL ■ T R A 1 I O S . J ----------------------------- ------------------------------- 2 1 1 2 . 4Q 1 9 7 6 - Q 1 ------- 1 * * * * * * * * * * * * * * * * * * * * * - Q 2 ... | 1 8096. * * * * * * * 3319. * * * * * * * 253. * * * * * * * - Q 4 ... J 9386. 4018. 1 9 7 7 -Q 1 ... J " Q 2 ... | -Q 3- . . | ^ Q 4 ... J 1 0380. 12272. 13650. 13838. 1978-Q 1. . . | - Q 2 ... | - Q 3 ... j CHANGE 48 8 . 5 4 4 5 2 6 6 1 1 5 4 0 . . . . 4629. 5247. 5584. 5677. 866. 999. 1103. 1018. 2 2 2 2 6 7 8 9 3 8 9 4 1 7 1 2 . . . . 8261136. 1294. 1419. 13620. 5741. 12993. 13160. 5773. 6054. 925. 847. 156 8 . 1575. 1643. 13820. 6148. i | | 14931. 17424. 17084. 7146. 8184. 8784. 6 0 2 . 439. 27 7 . 87. 17755. 9230. 19259. 17052. 14742. 13359. 9 6 94 87 86 1 9 8 1 - Q 1 ------- | - Q 2 ... | -Q 3 ..4 j 14163. 14709. 16288. 0 3 8 4 7 6 7 6 . . . . 14. . . . . * * * * * * * 3 0 9 5 . * * * * * * * 5368. 3 0 7 7 . 5 7 8 8 7 0 0 1 5 2 6 6 2 5 6 1 . . . . 3 2 3 4 . 7 7 7 7 8 2 1 6 8 1 0 7 0 9 6 2 . . . . 1753. 1371. 1784. 844. 563. 8 85. 247 6 . 1659. 550. 1447. 1724. 1203. 1844. 778 5 . 9 2 4 0 . 2676. 277 6 . 1954. 2376. 101. 138. 213 0 . 2 9 6 3 . 924. 9 87. 2268. 2399. 8300. 852 5 . 2759. 2824. 2498. 3143. 1 22. 156. 30953145- -1 7 3 . -7 4 2 . 9652. 7 616. 5954. 2385. 1286. 3572. 3507. 3 1 0 . 1 66. 4 0 1 9 . 3 1 0 1 . -6 3 3 . -4 4 4 . 783. 537. 2459. 1592. 151. 144. 2 5 9 7 . 2 5 7 3 . -3 5 . -1 3 3 . 1659. 1930. 2404. 130,. 203. 224. 3 3 8 0 . 4 0 3 8 . 3 9 9 4 . 169. -1 2 6 3 . 6426. 6 1 3 . 2 7 7 . 3 0 6 . 984. 6 194. 855. 811. 658. 7019. 8156. 2111. 1919. 1 1 1 1 7 6 5 5 .8 .5 .9 .7 6 6 8 1 0 PERCENTAGE .1 .6 .4 .0 4713. CHANGE FROM PR EVIO U S YEAR * * * * * * 5 .2 4 .9 * * * * * * 1 1 .0 - 0 .9 1 4 .9 * * * * * * 7 .1 1 0 .3 -3 8 6 . 1 6 .2 * * * * * * 1 2 .2 1 4 .8 1 3 .5 4 .8 1 1 .4 5 .3 5 8 .2 2 1 .3 1 2 .9 8 .6 1 .2 5 .6 1 2 .8 2 4 .9 3 .0 -0,. 1 3 1 .9 4 4 .8 * * * * * * - 7 .5 * * * * * * 1 8 2 .8 1 6 .0 1 5 .3 1 6 .8 1 9 .1 1 5 .8 1 5 .7 1 7 .0 1 5 .2 1 6 .1 1 5 .9 18. 1 1 9 .2 8 .1 8 .1 2 1 .2 2 1 .0 1 4 .8 1 0 .8 1 5 .2 1 4 .6 1 4 .8 1 3 .3 1 5 .0 1 1 .5 1 0 .7 1 4 .6 1 4 .7 2 0 .6 1 9 .4 1 9 .4 9 .1 1 0 .7 6 .7 4 .1 1 3 .6 1 9 .7 1 6 .5 1 5 .4 7 .4 5 .4 1 5 .1 6 .8 6 .3 1 5 .5 1 4 .6 9 .5 1 4 .9 1 8 .8 1 3 .8 1 6 .3 9 .6 1 0 .8 3 8 .2 9 5 .2 1 6 .8 2 9 .3 4 3 .3 5 0 .7 1 1 1 1 1 0 .5 1 0 .3 9 .8 1 0 .0 1 4 .6 1 6 .6 1 6 .7 3 3 2 3 5 5 5 5 1 9 .6 2 4 .6 - 4 .7 5 7 8 8 .4 .3 .6 .4 1 1 1 1 4 5 5 5 1979-Q 1- . . | -Q 2. .. J | 1 6 .4 1 8 .1 1 7 .1 7 .8 7 .6 5 .4 3 .3 1 6 .5 18. 1 1 8 .7 - Q 4 ... | 1 7 .3 1 9 .2 1 .0 1 9 8 0 -Q 1 ... | -Q 2 ... | 1 8 .1 1 5 .0 0 .2 - Q 3 ... | - Q 4 ... | 1 2 .6 1 1 .1 1 9 .0 1 7 .7 1 5 .8 1 5 .1 -0 .1 1 3 .2 1 2 .2 1 2 .6 - 0 .6 0 .0 - 1 .0 1 9 8 1 -Q 1 ... | - Q 2 ... | - Q 3 ... | 1 1 .3 1 1 .2 1 2 .3 - 2 .2 - 2 .4 1 1 1 2 6 7 8 0 .3 .9 .8 .5 1 8 .8 1 8 .3 1 7 .3 1 6 .1 5 2 .9 2 2 2 2 2 3 2 1 .3 .6 .6 .2 1 3 .8 1 1 .0 4 3 .9 3 1 .8 2 4 .0 2 0 .3 1 9 .6 4 .9 2 .2 2 .4 8 .1 6 .3 2 0 .8 1 1 2 .6 Q 6 8 5 5 .3 .1 .6 .6 1 7 .4 2 2 .9 1 2 .6 9 .7 7 .5 8 4 2 1 1 2 .9 1 0 .1 7 .9 9 .5 1 0 .3 1 2 .1 1 1 1 1 OF TOTAL .5 .3 -5 .7 SPEC IFIED .2 .5 .2 .3 2 1 .1 2 .8 6 .8 6. 1 PERCENTAGE 3 4 4 0 2 3 2 1 14 8 . . . . - 1 0 .4 1 4 .2 22. 1 1 0 4 0 .7 .7 .4 .4 8 5 .3 9 9 .0 1 0 6 .0 4 5 1 3 .0 .4 .9 .7 2 8 9 .4 1 7 9 .0 5 2 .5 - 1 4 .2 2 8 .7 2 8 .6 - 1 - 1 7 .9 2 6 .9 2 9 .0 3 3 .5 3 5 .4 3 4 .3 3 .4 -2 7 .8 - 1 1 .0 7 4 .1 2 0 1 8 2 8 .1 2 4 .3 2 1 .7 8 .8 9 .6 12. 1 6 6 .2 3 7 .3 1 9 8 .7 6 8 4 .9 1 0 3 0 .6 3 4 3 .7 1 8 1 3 .2 .9 .0 .0 DEBT * * * * * * 1 0 0 .0 1 9 .3 4 9 .6 2 0 .8 1 0 .3 I 1 0 0 .0 6 0 .1 3 2 .1 1 .0 5 .7 1. 1 * * * * * * * * 1 1 1 1 0 0 0 0 0 0 0 0 .0 .0 .0 .0 1 1 1 1 8 8 8 8 .5 .5 .4 .5 5 5 5 5 0 0 1 1 . . . . 2 0 .5 2 0 .4 1 0 .5 1 0 .3 2 0 .3 2 0 .4 1 0 .3 1 0 .2 | J 1 | 1 1 1 1 5 6 6 5 3 3 3 3 1 .0 1 .0 1 .0 1 .0 5 5 5 5 .5 .8 .8 .3 1 0 0 2 .2 .5 .6 .6 0 0 0 0 0 0 0 0 1 0 .0 9 .8 9 .6 9 .5 ( | j 1 0 0 .0 1 0 0 .0 1 0 0 .0 5 6 6 6 .3 .1 .3 .4 3 3 5 9 .0 .3 .3 .5 * * * * * * * * * * * * * * * * 5 8 0 0 j * * * * * * j j j * * * * * * * * * * * * * * * * * * 1 1 1 1 .0 .0 .0 .0 1 1 1 1 8 8 8 8 .5 .6 .6 .4 5 5 5 5 1 1 1 1 .3 .1 . 1 .1 2 2 2 2 0 0 0 1 1 9 7 8 -Q 1 ..., | -Q 2 ...,j * * * * * * * * * * * * 1 0 0 .0 1 0 0 .0 -Q 3 ..., | -Q 4 ..., j * * * * * * * * * * * * 1 0 0 .0 1 0 0 .0 1 1 1 1 8 8 7 7 .2 .1 .9 .6 5 5 5 5 1 1 1 1 .2 .1 .0 .2 2 2 2 2 1 .1 1 .4 1 .5 1 .8 * * * * * * * * * * * * * * * * * * 1 1 1 1 1 1 1 1 6 .8 6 .1 5 .6 4 .9 1 9 7 9 -Q -Q -Q -Q 1 ..., 2 ..., 3 ..., 4 ..., | * * * * * * 1980-Q -Q l..« , j 2 .., 3 . « .. j 4 ..., | * * * * * * * * * * * * 1 9 8 1 -Q 1 ..., | -Q 2 ..., | - Q 3 . . . „| * * * * * * * * * * * * * * * * * * -Q 3 504. 2570. 1278. 754. 8 .8 9 .2 —Q 4 . • . 1 - Q 1815. 2 6 5 9 . 3068. 2 854.. 1770. 1747. 1687. 6 5 99. 7250. 1 2 .4 1 7 .5 1 5 .6 | | | 806. 1253. 1 2 .2 1 6 .3 - Q 3 ... | 1 ... 2 ..., 3 ..., 4 ... 221 8 . 3477. 1 5 .8 1 6 .0 1 9 7 8 -Q 1 ... J -Q 2 ... | 1 9 7 7 -Q - Q - Q -Q 6 54. 25 . 0 . 8- 1 4 .2 1 5 .7 1 1 1 1 j - 1 5 . * * * * * * * .0 .3 .8 .6 1 9 7 7 -Q 1 ... | - Q 2 ... j - Q 3 . ... | - Q 4 ... | . j . j . j . I * * * * * * * 4492. 5057. -5 4 . 3. -8 2 . 4 .2 * * * * * * 24 5 3 7 0 92 2 1 . 12. - 0 . 3617. 4130. 1615. 1585. * * * * * * 4. 3202. 2333. 1944. * * * * * * 694.. 3 7 7 . 2 5 1 . 164. 4 1 . 18. 1748. 1258. 9 5 8 . 763. 1 0 .7 * * * * * * 1 9 7 5 -Q 4 ... 347 3 . 3 3 8 8 . 2 4 9 8 . 1507. 1264. 8132. COMM ODITY C RED IT CORPOP- , , _ T R ^ T j ; g a _______ A T I O N - 3 . 17. 1466. 1743. 6422. 6 3 07. * * * * * * 1 9 7 6 -Q 1 .. - Q 2 .. -Q 3. . -Q 4. . 3 0 6 . 325. ba n k s 1106. 1303. 1584. 1455. 5752. 6420. 7969. 7690. 1 Q M ____________ FARMERS HOME A D M IN IS- DOLLARS * * * * * * * . . . . -1 9 2 . -2 0 7 . - 8 . 1 2 .8 - Q 2 ... | - Q 3 ... 1 * * * * * * -Q 4. . . \ 1 4 .3 j 2 6 0 5 OF - 3 7 . 5 6 . 9 1 . 141. 1 1 2 .5 Q 1 9 7 6 -Q 1 .. . 17 16 24 3 4 :M I L L I O N S 4 7 7 7 . * * * * * * * 344. 411. 5 35. - Q 4 ... I 811. 7 37. 2903. 2940.. 306 5 . | 1 5 5 4 YEAR, 2 96. 298. '.9 8 Q -Q 1 . . . I - Q 2 ... | - Q 3 ... | - Q 4 ... I 9 3 5 7 PREVIO US 2 2 2 2 1 9 7 9 -Q 1 ... - Q 2 ... - Q 3 ... - Q 4 - ... 3 4 5 6 FROM DEBT FEDERAL IN TERM ED I ATE C R E D IT * * * * * * * * * * * * 0 0 0 0 0 0 0 0 .0 .0 .0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 4 .2 1 3 .4 .2 .5 .7 .0 0 0 0 0 .9 .9 .9 .8 28-1 2 8 .0 2 8 .1 2 7 .2 0 0 0 0 .7 .9 .9 .9 5 0 .1 4 9 .0 2 2 2 2 7 7 8 8 .7 .7 .4 .5 0 .8 1 .0 1 .0 2 2 2 2 9 9 9 8 .0 .7 .5 .9 5 5 5 5 | | | t 1 1 1 1 0 0 0 0 0 0 0 0 .0 .0 .0 .0 5 0 .5 4 9 .3 .7 .8 .0 -9 | t | 1 0 0 .0 1 0 0 .0 1 0 0 .0 J 1 0 0 .0 4 4 4 4 12-7 | 1 0 0 .0 4 3 .9 2 8 .8 1 2 .6 1 2 .4 | i 1 0 0 .0 1 0 0 .0 4 4 .2 4 4 .3 2 9 .5 2 9 .5 5 3 .6 5 4 .0 2 0 .2 1 9 .8 1 9 .6 5 7 .1 5 8 .0 3 0 .5 2 8 .6 .0 .0 .0 .0 1 1 1 1 1 2 .0 1 1 .6 3 1 .5 3 1 .3 0 0 0 0 2 0 .6 1 0 0 .0 1 0 0 .0 5 9 .3 5 8 .4 0 0 0 0 5 2 .5 1 9 .1 1 8 .4 1 8 .0 .5 .6 .4 .4 1 0 0 .0 1 2 .1 1 2 .1 5 4 .6 2 2 2 1 1 1 1 1 2 1 .3 2 1 .2 5 5 .8 .8 .1 .2 .7 | 5 1 .0 5 1 .8 1 2 .4 9 0 0 9 I | | | 1 0 .5 1 1 .4 1 0 0 .0 .0 .0 .0 .0 .5 .4 .5 .4 9 9 9 9 2 1 .6 2 1 .4 1 3 .2 1 2 .9 0 0 0 0 5 7 .0 5 4 .7 5 1 .1 5 1 .0 1 0 0 .0 0 0 0 0 2 2 3 2 3 2 2 1 6 5 6 6 .2 .8 .7 .5 .7 .7 .9 .4 1 .1 8 .2 1 0 .5 1 1 .2 1 0 .7 1 1 1 1 0 3 4 4 .9 .8 .7 .2 9 .9 7 .8 7 .0 9 .6 10. 8. 5 . 7 . 1 3 8 1 1. 1 1 5 .5 7 .7 1 .1 1. 1 1 .2 1 6 .8 1 7 .3 1 7 .0 6 .7 5 .2 6 .4 1 .2 1 8 .9 7 .2 1 .3 1 .3 2 0 .6 2 0 .7 4 .4 4 .1 8 AGRICU LTURAL 200 FARM 210 FIN AN CE LENDIN G P R O D U C T IO N 211 LOANS C RED IT AND EXPER IEN C E A SSO C IA TIO N S OF NO NB AN K (A G R IC U LTU R A L 1981 IN STITU TIO N S LOANS, EXCEPT AS NOTED) A C T U A L ..................................................................................................................................................................................................................9 S E A S O N A L L Y A D J U S T E D ................................................................................................................................................................ 1 0 LOANS 2 1 2 . IQ 2 1 2 .2 Q HADE AND NEH LOANS A C T U A L * . ......................................................................... - ................. ................................... ............................................................ .......... 1 1 S E A S O N A L L Y A D J U S T E D A N N UA L R A T E ......................................................................................... 12 212-3Q 213 O PER A TIO N S OCTOBER SE R IE S OUTSTAN D ING 2 1 1 . 1Q 2 1 1 .2 Q 212 DATABOOK— Q UARTERLY FOUR-QUARTER RENEWALS AND M O V I N G T O T A L . ..........................................................................................................................................1 3 CO LLEC TIO N S (SEE NOTE BELOW) 2 1 3 . 1Q 2 1 3 . 2Q A C T U A L ............................................................................................................................................................................................ . . . . . 1 4 S E A S O N A L L Y A D J U S T E D AN N UA L R A T E .......................................................................................................................1 5 2 1 3 . 3Q FOU R-Q U A RTER 220 FEDERAL 221 LAN D LOANS LOANS CLOSED A C T U A L ...............................................................................................................................................................................................................1 9 S E A S O N A L L Y A D J U S T E D A N N UA L R A T E .......................................................................................................................2 0 F O U R - Q U A R T E R M O V I N G T O T A L ................................................................................................................ 21 LOANS CLOSED 2 2 3 . 1Q 2 2 3 . 2Q 2 2 3 . 3Q 224 REFIN A N CIN G L IFE 231 AND NEW M O NE Y LOANED A C T U A L ..............................................................................................................................................................................................................2 2 S E A S O N A L L Y A D J U S T E D A N NU A L R A T E ...................................................................................................................... 2 3 F O U R - Q U A R T E R M O V I N G T O T A L ................................. 24 2 2 4 . 1Q 2 2 4 . 2Q 2 2 4 . 3Q 230 LOANS) A C T U A L .............................................................................................................................................................................................................. 1 7 S E A S O N A L L Y A D J U S T E D ................................................................................................................................................................ 1 8 2 2 2 . 1Q 2 2 2 . 2Q 2 2 2 . 3Q 223 (A GRIC ULTURAL O UTSTANDING 2 2 1 . 1Q 2 2 1 . 2Q 222 BANKS M O V I N G T O T A L .............................................................................................................................................. 1 6 AND REPAYMENTS A C T U A L .............................................................................................................................................................................................................. 2 5 S E A S O N A L L Y A D J U S T E D A N NU A L R A T E ...................................................................................................................... 2 6 F O U R - Q U A B I E B M O V I N G T O T A L — ...................................................................................................................................... 2 7 INSU RAN CE FARM C OMPANIES MORTGAGES OUTSTANDING AND ACQ UIRED 2 3 1 . IQ 2 3 1 .2 Q A C T U A L .............................................................................................................................................................................................................. 2 8 S E A S O N A L L Y A D J U S T E D ................................................................................................................................................................2 9 2 3 1 . 3Q FO U R-Q UARTER 232 FARM 2 3 2 . 1Q 2 3 2 . 2Q 2 3 2 . 3Q SOURCES: M O RTG AGE MOVING T O T A L ( M O R T G A G E S A C Q U I R E D O N L Y ) .................................................... 3 0 COMM ITM ENTS— O U TSTA N D IN G AND NEW A C T U A L .............................................................................................................................................................................................................. 3 1 S E A S O N A L L Y A D J U S T E D ................................................. ........................................................................................................... 3 2 F O U R - Q U A R T E R M O VIN G T O T A L ( NE W C O M M I T M E N T S O N L Y ) .............................................................. 3 3 "PRODUCTION SU PER V ISO R Y C R E D I T A S S O C I A T I O N S — S E L E C T E D MONTHLY D I V I S I O N , FARM C R E D I T A D M I N I S T R A T I O N ; " F E D E R A L LAND B A N K S — SUMMARY TECHN ICA L S E R V IC E S D I V I S I O N , OF S E L E C T E D FARM C R E D I T L O AN D A T A ," MONTH LY LOAN D A T A , " A D M IN ISTR A TIO N ; " D I S T R I B U T I O N OF IN V E ST M E N T S OF U . S . L I F E IN SU RA N C E C O M P A N IE S ," AND " F O R W A R D I N V E S T M E N T C O M M I T M E N T S O F R E P O R T I N G L I F E I N S U R A N C E C O M P A N I E S , " AMERICAN C O U N C IL O F L I F E IN S U R A N C E . DATA IN A R E NOT D A T A ON T H IS SECTION FO R PR O D U C T IO N DO N O T I N C L U D E LOANS. D AT A ON O BTA INED FR OM TIM ELY MONTHLY REPORTS, C R E D I T A S S O C I A T I O N S , D A T A ON L O A N S O U T S T A N D I N G R U R A L HOME L O A N S , F A R M - R E L A T E D B U S I N E S S L O A N S , C O LLECTIO N S T H E S E T Y P E S OF LOANS AT PR O D UC TIO N C R E D I T ARE R E V I S E D TO R E F L E C T L A T E R C H A N G E S OR C O R R E C T I O N S . IF O U T S T A N D I N G LOAN VO LUM E A R E R E Q U I R E D , U S E THE S E R I E S AND RENEWALS DO IN C LU D E THESE R E P R E S E N T E D ONLY 2 . 6 P E R C E N T OF T O TAL A S S O C IA T IO N S AS OF DECEMBER 1 9 8 0 - MOST OF WH I CH ONLY Y E A R - E N D IN SEC TIO N 1 0 0 AND L O A N S MADE OR A Q U A T I C LOANS; HOWEVER, O UTSTAN DING LOANS 9 TABLE 211.1Q PRODUCTION CREDIT ASSOCIATIONS LOANS OUTSTANDING END OF QUARTER 1 1 1 1 1 AMOUNT MILLIONS OF DOLLARS | PERCENTAGE CHANGE FROM PREVIOUS END OF | CHANGE FROH PREVIOUS QUARTER 1 _J__ q u a r t e r ..ISAS___ _ L_ _ i 1622. 132. 137. 1961-Q1--- | | 1814. 144. 192. -Q2--- . 1806. -7. -Q3--163. -155. -Q4--- . J 1652. 161. QUARTER YEAR 8.8 11.8 -0.4 -8.6 9.2 8.6 9-9 10.8 1962-Q1___ . | | - Q2 ... .. , -Q3--- | | -Q4--- . 1773. 1994. 1982. 1855. 121. 222. -13. -127. 151. 181. 175. 203. 7.3 12.5 -0.6 -6.4 9.3 10.0 9.7 12.3 1963-Q1.... | -Q2--- .| -Q3--- | -Q4--- .| 2031. 2300. 2298. 2123. 176. 270. -2. -175. 258. 306. 316. 268. 9.5 13.3 -0. 1 -7.6 14.5 15.3 16.0 14.5 1964-Q1___ | -Q2--- . | -Q3--- | -Q4--- | i 1965-Q1___ .| -Q2--- .| -Q3--- | -Q4--- .| 2278. 2533. 2514. 2296. 154. 255. -19. -217. 247. 232. 215. 173. 7.3 11.2 -0.8 -8.6 12.2 10.1 9.4 8.1 2446. 2743. 2753. 2598. 150. 297. 10. -154. 169. 210. 239. 302. 6.5 12. 1 0.3 -5.6 7.4 8.3 9.5 13.2 1966-Q1___ .| -Q2--- .| -Q3--- | -Q4--- •I 2806. 3146. 3139. 3042. 207. 341. -8. -97. 359. 403. 386. 444. 8.0 12.1 -0.2 -3.1 14.7 14.7 14.0 17.1 1967-Q1___ .I -Q2--- | -Q3--- .| -Q4--- -J 3292. 3652. 3608. 3551. 250. 359. -44. -57. 487. 505. 469. 509. 8.2 10.9 -1.2 -1.6 17.3 16.1 14.9 16.7 1968-Ql--- | -Q2--- .1 -Q3--- .1 -Q4--- .I 3777. 4097. 3983. 3861. 226. 320. -114. -122. 485. 445. 375. 310. 6.4 8.5 -2.8 -3.1 14.7 12.2 10.4 8.7 1969-Q1---Q2---Q3---Q4--- .| .| .| .| 4147. 4510. 4533. 286. 422. -59. 23. 370. 472. 527. 672. 7.4 10.2 -1.3 0.5 9.8 11.5 13.2 17.4 1970-Q1___ -Q2---Q3---Q4--- .| .( .| .] 4910. 5359.' 5257. 5334. 377. 449. -101. 77. 763. 790. 747. 801. 8.3 9. 1 -1.9 1.5 18.4 17.3 16.6 17.7 4 56 9. 1971-Q1. ••..| -Q2--- .| -Q3--- .] -Q4--- -I 5759. 6273. 6191. 6116. 425. 514. -83. -75. 849. 914. 933. 781. 8.0 8.9 -1.3 -1.2 17.3 17.1 17.7 14.6 1972-Q1---Q2---Q3---Q4--- .| .| .| .| 6433. 6832. 6634. 6635. 318. 399. -198. 1. 674. 559. 444. 519. 5.2 6.2 -2.9 0.0 11.7 8.9 7.2 8.5 1973-Q1___ .| -Q2--- .| -Q3--- .| -Q4.-. ..| 6964. 7498. 7683. 7853. 329. 534. 185. 171. 530. 666. 1048. 1218. 5.0 7. 7 2.5 2.2 8.2 9.7 15.8 18.4 1974-Q1--- .1 -Q2--- .| - Q3 .....| . -Q4--- .| 8206. 9091. 9432. 9502. 352. 885. 341. 70. 1242. 1593. 1749. 16-49. 4.5 10.8 3.8 0.7 17.8 21.2 22.8 21.0 1975-Q1.... .| -Q2----.| -Q3--- .| -Q4--- .| 10011. 10703. 10737. 10742. 509. 692. 34. 4. 1805. 1612. 1305. 1240. 5.4 6.9 0.3 0.0 22.0 17.7 13.8 13.0 1976-Q1___ -Q2---Q3---Q4--- .| .I -J .| 11117. 12006. 12321. 12196. 376. 888. 316. -125. 1106. 1303. 1584. 1455. 3.5 8.0 2.6 -1.0 11.0 12.2 14.8 13.5 1977-Q1---Q2---Q3---Q4--- .| .| .| .| 12583. 13749. 14069. 13454. 387. 1166. 320. -615. 1466. 1743. 1748. 1258. 3.2 9.3 2.3 -4.4 13.2 14.5 14.2 10.3 1978-Q1___ -Q2---Q3---Q4--- .| .| .| .| 13427. 14312. 14955. 14901. -27. 885. 643. -53. 844. 563. 885. 1447. -0.2 6.6 4.5 -0.4 6.7 4. 1 6.3 10.8 1979-Q1___ -Q2---Q3---Q4--- .| .| .| .| 1 .| .| .| •| 15381. 16688. 17452. 18045. 480. 1307. 764. 592. 1954. 2376. 2498. 3143. 3.2 8.5 4.6 3.4 14.6 16.6 16.7 21.1 18953. 20195. 19911. 19636. 908. 1242. -284. -275. 3572. 3507.. 2459. 1592. 5.0 6.6 -1.4 -1.4 23.2 21.0 14.1 8.8 1981-Q1.... .| -Q2--- .| -Q3--- .| 20612. 22126. 22315. 976. 1513. 189. 1659. 1930. 2404. 5.0 7.3 0.9 8.8 9.6 12.1 1980-Q1---Q2---Q3---Q4--- NUMBER OF BORROHERS | AVERAGE SIZE ........... J PERCENTAGE CHANGE | PERCENTAGE 1 1 FROM PREVIOUS | I 1 CHANGE J THOUSANDS! DOLLARS FROM 1 YEAR J PREVIOUS 1 | QUARTER J______ 1 ~ ----- L_ yeae 1 1 280.4 10.3 5783. 2.6 6.4 1 1 296.1 5.6 1.5 6126. 7.1 1 1 285.7 -3.5 2.3 6323. 7.4 1 1 261.3 -8.5 2-8 6321. 7.8 1 1 1 1 281.7 7.8 0.5 6292. 8.8 1 1 298.7 6.0 0.9 6677. 9.0 1 1 288.8 -3.3 1.1 6861. 8.5 1 1 269.0 6897. -6.9 2.9 9.1 1 1 1 1 290.8 8.1 3.2 6984. 11.0 1 1 308.0 5.9 3.1 7469. 11.9 1 1 300.8 -2.3 7640. 4.2 11.3 J 1 281.5 -6.4 4.7 7542. 9.4 1 1 1 1 299.3 7609. 6.3 3.0 8.9 1 1 313.6 4.8 1.8 8077. 8.1 1 1 8159. 6.8 308.1 -1.8 2.4 1 1 -6.4 2.4 7966. 5.6 288.2 1 1 1 1 301.7 8107. 6.6 4.7 0.8 1 1 8687. 7.6 315.8 4.6 0.7 i 1 8875. 8.8 310.2 -1.8 0.7 1 ( 8844. 11.0 293.8 -5.3 1.9 1 1 1 1 4. 1 1.4 9170. 305.9 13.1 1 1 4.4 9847. 13.4 319.5 1.2 1 1 9956. 12.2 315.3 -1.3 1.6 1 1 299.4 1.9 10161. 14.9 -5.0 1 1 i 1 10600. 15.6 310.6 3.7 1.5 1 1 1.0 14.9 322.8 3.9 11313. 1 1 11300. 1.3 13.5 319.3 -1.1 ( 1 14.0 -4.0 2.4 11587. 306.5 1 1 1 1 11980. 13.0 315.3 2.9 1.5 1 1 2.6 12660. 11.9 323.6 0.3 1 1 12525. 318.0 -1.7 -0.4 10.8 1 1 12704. 9.6 -4.4 -0.8 303.9 1 1 1 1 1 2.6 13293. 11.0 312.0 -1.1 1 1 2.6 -1.1 14275. 12-8 320.1 1 1 14396. 14.9 313.3 -2.1 -4.5 1 1 15050. 18.5 -0.9 301.2 -3.9 1 1 1 1 15935. -1.2 19.9 308.1 2.3 1 1 314.1 17062. 19.5 1.9 -1.9 1 1 18.1 -1.3 17000. -1.5 309.3 1 1 18.9 -3.6 -1.0 17891. 298.2 1 1 1 1 18734. 307.4 17.6 3.1 -0.2 1 1 0.7 19843. 16.3 316.1 2.8 1 1 19737. 1.4 16.1 313.6 -0.8 1 1 20128. 303.8 -3.1 1.9 12.5 1 1 1 1 2.6 1.5 20628. 10.1 311.9 1 1 7.6 2.6 1.2 21359. 319.9 1 1 -1.1 20977. 6.3 316.3 0.8 1 1 -2.4 6.8 308.7 1.6 21496. 1 1 1 1 22127. 314.7 2.0 7.3 0.9 1 1 0.4 321.2 23340. 9.3 2.1 1 1 -0.4 24014. 14.5 319.9 1.2 1 1 -2.5 1.0 25180. 17.1 311.9 1 1 1 1 1.3 16.3 318.9 2.3 25731. 1 1 329.3 2.5 27605. 3.3 18.3 1 1 0.4 330.6 3.3 28531. 18.8 1 1 29344. 16.5 323.8 -2.0 3.8 1 1 I 1 333.6 3.0 4.6 30010. 16.6 l 1 1.5 2.8 31618. 14.5 338.5 1 1 336.6 -0.6 1-8 31902. 11.8 1 1 11.4 328.7 32682. -2.3 1.5 1 i 1 t 33250. 10.8 1.7 0.2 334.3 1 J 35106. 11.0 1.0 342.0 2.3 1 1 13.0 1.6 36036. -0.0 341.9 1 1 36338. 11.2 335.6 -1.8 2.1 1 1 i I 36828. 10.8 341.7 2.2 1.8 1 1 11.8 350.4 2.6 2.5 39233. 1 1 11.4 40130. 2.5 350.6 0.0 1 1 8.0 39253. 342.8 -2.2 2-1 1 1 1 1 39067. 6.1 0.6 343.7 0.3 1 1 4.4 40971. 349.3 1.6 -0.3 1 1 42625. 6.2 350.8 0.4 0.1 1 i 7.4 353.4 421620.7 3.1 1 1 1 i 43945. 12.5 350.0 -1.0 1.8 1 1 46544. 13.6 2.6 2.4 358.5 J 1 0.4 2.6 48482. 13.7 360.0 1 1 19.5 50399. 358.0 -0.5 1.3 1 1 1 1 51905. 18.1 365.1 2.0 4.3 1 1 54049. 16.1 373.6 2.3 4.2 1 1 53 766. 10.9 -0.9 370.3 2.9 1 1 6.8 53822. 364.8 -1.5 1.9 1 1 1 1 55144. 6.2 2.4 373.8 2.5 1 1 57800.. 6.9 2.4 2.4 382.8 1 1 3.0 58498. 8.8 381.5 -0.3 1 1 10 PRODUCTION CREDIT ASSOCIATIONS LOANS OOTSTANDIN6 SEASONALLY-ADJUSTED DATA TABLE 211.2(2 NUMBER OF BOBBOfiEBS AEOUNT END OF QOABTEfi | MILLIONS OF DOLLABS | PEBCENTAGE CHANGE FBOM PREVIOUS 1 _ _ 1 I | CHANGE FBOM PREVIOUS| 1 END OF 1 1 YEAR | QUARTER | QUARTER YEAS | QUARTER __________ 1 _ tSAARL, _ _________ L___ (SAARJ___________ _J 1961-Q1.... .| -Q2--- .J -Q3--- .| -Q4--- .| 1659. 1692. 1743. 1778. 211. 136. 212. 145. 139. 135. 159. 169. 13.1 8.2 12.6 8.3 9.2 8.7 10.0 10.5 1962-Q1•••• .{ -Q2--- .| -Q3--- .| -Q4--- .| 1814. 1863. 1917. 1992. 148. 204. 227. 318. 155. 171. 174. 214. 8.3 11.3 12.2 16.6 9.3 10. 1 10.0 12.0 1963-Q1--- .| -Q2--- .| -Q3---Q4--- .| 2076. 2152. 2231. 2272. 356. 324. 333. 168. 262. 289. 314. 280. 17.9 15.6 15.5 7.5 14.4 15.5 16.4 14.0 1964-Q1.... .| -Q2--- .| -Q3--- .| -Q4--- . | 2325. 2375. 2451. 2447. 220. 205a 319. -15. 249. 222. 220. 175. 9.7 8.8 13.4 -0.6 12.0 10.3 9.8 7.7 1965-Q1. ....| -Q2--- .| -Q3--- .| -Q4--- .| 2493. 2578. 2698. 2758. 188. 361. 512. 251. 168. 204. 247. 311. 7.7 14.5 19.9 9.3 7.2 8.6 10.1 12.7 1966-Q1.... -I -Q2--- .| -Q3--- .| -Q4--- .| 2851. 2966. 3094. 3216. 391. 487,. 546. 517. 359. 387. 396. 457. 14.2 17.1 18.4 16.7 14.4 15.0 14.7 16,6 1967-Q1.••• .| -Q2--- .j -Q3--- .J -Q4--- .| 3335. 3452. 3576. 3737. 503. 497. 520. 689. 483. 487. 482. 521. 15.7 14.9 15.1 19.3 17.0 16.4 15,6 16.2 1968-Q1___ -Q2---Q3---Q4--- .| .| .| .| 3812. 38853966,. 4043. 312. 300. 334. 318. 478. 433. 391. 307. 8.4 7,9 8,6 8.0 14.3 12.5 10.9 8.2 1969-Q1___ ,| -Q2----.( -Q3----.| -Q4--- .| 4171. 4346. 4504. 4724. 537. 741. 670. 944. 359. 460. 538. 680. 13-3 17.8 15.4 21.0 9.4 11.8 13.6 16.8 1970-Q1--- .| -Q2--- .| -Q3---Q4___ .1 4927. 5111. 5253. 5529.. 869. 779. 593. 1193. 756. 766. 749. 806. 18.4 15.8 11.6 22.7 18.1 17.6 16.6 17.1 1971-Q1---Q2---Q3---Q4--- .| .| .| ,| 5775. 6002. 6175. 6307. 1049. 966. 723. 542. 847. 891. 922. 777. 19.0 16.7 12.0 8.8 17.2 17.4 17.5 14.1 1972-Q1.... .| -Q2--- .1 -Q3----.| -Q4--- .1 6455. 6558. 6597. 6810. 616. 423. 155. 897. 681. 556. 421. 504. 9.8 6.6 2.4 13.6 11.8 9.3 6.8 8.0 1973-Q1___ .1 -Q2----.| -Q3----.1 -Q4----.( 7003. 7222. 7609. 8031. 804. 919. 1676. 1832. 548. 664. 1012. 1220. 11.8 13.1 23.2 24. 1 8.5 10. 1 15.3 17,9 1974-Q1.... .| -Q2--- .( -Q3---- -I -Q4----.| 8279. 8786. 9302. 9690. 1039. 2226. 2251. 1651. 1276. 1564. 1693. 1659. 12.9 26.9 25.6 17.7 18.2 21.7 22.3 20.7 1975-Q1----.1 -Q2--- .I -Q3--- .| -Q4--- .| 10137. 10377. 10549. 10935,. 1916. 996. 706. 1630. 1858. 1591. 1247. 1245. 19.8 9.8 6.8 15,5 22.4 18.1 13.4 12.9 1976-Q1.....| -Q2--- .| -Q3----.| -Q4--- .| 11290. 11670. 12074. 12402. 1489. 1599. 1703. 1365. 1153. 1293. 1525. 1467. 13.6 14.2 14.6 11.3 11.4 12.5 14.5 13.4 1977-Q1___ -Q2---Q3---Q4--- .1 .| .| .1 12802. 13388. 13771. 13672. 1682. 2507. 1599. -392. 1513. 1718. 1697. 1270. 13,6 19.6 11.9 -2.8 13.4 14.7 14. 1 10.2 1978-Q1.... .| -Q2--- .1 -Q3--- .| -Q4--- .| 13669. 13951. 14624. 15115. -9. 1163. 2893. 2063. 867. 564. 853. 1443. -0.1 8.5 20.7 14.1 6.8 4.2 6.2 10.6 1979-Q1.... .| -Q2--- .| -Q3--- .| -Q4--- .] 15674. 16280. 17066. 18289. 2363. 2569. 3377. 5444. 2004. 2329. 2441. 3174. 15.6 16.4 20.7 31.9 14.7 16.7 16.7 21.0 1 9 8 0 - Q 1 . •.] -Q2--- .1 -Q3--- .| -Q4--- .| 19314. 19708.. 19477. 19901. 4458. 1623. -906. 1753. 3640. 3427. 2411. 1612. 24.4 8.4 -4.6 9.0 23.2 21.1 14.1 8.8 1981-Q1.... .| -Q2. .- • < -Q3--- .1 21005. 21594. 21832. 4796. 2458. 967. 1691. 1887. 2355. 24.1 11.7 4.5 8.8 9.6 12.1 1 1 1 1 1 | l 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 i 1 1 1 4 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 t 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 i 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 ATEBA6E SIZE 1 PEBCENTAGE CHANGE FBOM PREVIOUS 1 THOUSANDS| I YEAR J QUARTER 1___ (SAAR]________ 279.9 280.6 282.0 278.7 11.9 1.1 2.0 -4.5 2.6 1,7 2.3 2.4 281.4 284.1 285.1 285.9 3.8 3.9 1.4 1.1 0.5 1.2 1,1 2.6 290.5 294.2 296.9 297.8 6.6 5.2 3.7 1.2 3.2 3.5 4,1 4.1 299.4 300.8 304.0 303.2 2.2 2.0 4.3 -1.1 3.0 2.3 2.4 1.8 302.1 304.2 306.2 307.4 -1.4 2.8 2.6 1.6 0.9 1.1 0.7 1.4 306.6 309.1 311.6 311.7 -1. 1 3.3 3.3 0.2 1.5 1.6 1.7 1.4 311.3 313.3 315.9 317.7 -0.5 2.5 3.4 2.3 1.6 1.4 1.4 1.9 316.1 315.0 315.0 314.0 -2.0 -1.4 0.1 -1.3 1.5 0.6 -0.3 -1.2 312.7 312.3 310.7 310.3 -1.7 -0.5 -2.0 -0.5 -1.1 -0.9 -1.4 -1,2 308.7 307.0 306.8 306,3 -2.0 -2.2 -0.2 -0.7 -1.3 -1.7 -1.2 -1.3 307.9 309.5 311.2 311.3 2.0 2. 1 2.2 0.2 -0,3 0.8 1.4 1.6 312.3 313.6 313.7 315.5 1.2 1.7 0. 1 2-4 1.4 1.3 0.8 1.4 315. 1 315.4 317.3 318. 1 -0.5 0.4 2.4 1.1 0.9 0.6 1.1 0.8 319.4 323.9 327-8 329.7 1.6 5.7 4.9 2.3 1.4 2.7 3.3 3.6 334.3 333.4 333.8 334.0 5.7 -1.0 0.4 0.3 4.7 3.0 1.8 1.3 335.3 337.3 339.1 340.5 1.6 2.4 2,2 1.7 0.3 1.2 1.6 2.0 342.9 346.0 347.9 347.4 2.9 3.6 2.2 -0.6 2.3 2.6 2.6 2.0 345.1 345.0 348.0 357.5 -2.6 -0.0 3.5 11.3 0.6 -0,3 0.0 2.9 351.8 354.3 357.1 361.9 -6.2 2.9 3.3 5.5 1.9 2.7 2.6 1.2 367.1 369.3 367.5 368.9 5.8 2.4 -1.9 1.5 4.4 4.2 2.9 1.9 375.8 378.3 378.6 7.8 2.7 0.3 2.4 2.5 3.0 1 i PEBCENTAGE CHANGE FROM PREVIOUS YEAR I 1 1 DOLLABS 1 1 1 1 1 1 1 1 1 1 1 1 1 J 1 1 1 J 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 i 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 i 1 5928. 6029. <6180. 6379. 6.4 6.9 7.6 7.9 6447. 6557. 6724. 6967. 8.8 8.8 8.8 9.2 7145. 7316. 7515. 7630. 10,8 (11.6 11.8 9.5 7767. 7893. 8061. 8071. 8.7 7.9 7.3 5.8 8250. 8475. 8810, 8972. 6,2 7.4 9.3 11.2 9300. 9596. 9930. 10316. 12.7 13.2 12.7 15.0 10710. 11020. 11319. 11760. 15.2 14.8 14.0 14.0 12061. 12334. 12589. 12876. 12.6 11.9 11-2 9.5 13342. 13916. 14499. 15223. 10.6 12.8 15,2 18.2 15962. 16651. 17123. 18051. 19.6 19-7 18. 1 18.6 18757. 19395, 19846. 20258. 17.5 16.5 15.9 12.2 20672. 20913. 21029. 21584. 10.2 7.8 6.0 6.5 22223. 22896. 23981. 25242. 7.5 9.5 14.0 16.9 25919. 27129. 28377. 29392. 16.6 18.5 18.3 16.4 30322. 31123. 31608. 32742. 17.0 14.7 11.4 11.4 33669. 34599. 35607. 36422. 11.0 11.2 12.7 11.2 37334. 38698. 39587. 39357. 10.9 11.8 11.2 8.1 39614. 40434. 42021. 42279. 6.1 4.5 6.1 7.4 44555. 45951. 47785. 50534. 12.5 13.6 13.7 19,5 52614. 53369. 52994. 53953. 18.1 16.1 10.9 6.8 55892. 57078. 57659. 6.2 6,9 8.8 _J__________ u TABLE 212.IQ PRODUCTION CREDIT LOANS HADE AND ASSOCIATIONS NEW LOANS LOANS MADE NEB LOANS QUARTER | MILLIONS i OF | DOLLARS 1- - QUARTER YEAR 1961-Q1____ -Q2.... -Q3.... -Q4.... | | | | 799. 678. 562. 830. 6.0 -15.2 -17.0 47.6 13.6 5.8 10.3 10.1 54. 42. 31. 46. 203210. 125. 113. 526. 515. 441. 580. 1.1 -2.0 -14.3 31.5 12.8 5.4 9.3 11.6 35. 32. 24. 32. 134. 160. 98. 7. 9. 1962-Q1.... -Q2.... -Q3.... -Q4.... | | | J 866. 763. 631. 957. 4.3 -11.8 -17.3 51.6 8.3 12.6 12.3 15.3 52. 43. 32. 48. 198. 217. 124. 119. 559. 574. 498. 681. -3.6 2.6 -13.3 36.8 6.4 11.5 12.8 17.3 34. 32. 25. 34. 128. 163. 98. 84. 1963-Q1.... -Q2.... -Q3.... -Q4.... 1 | | | 968. 866. 697. 1020. 1.2 -10.6 -19.5 46.5 11.8 13.4 10.3 6.6 52. 43. 30. 44. 213. 228. 127. 118. 629. 650. 547. 691. -7.5 3.3 -15.9 26.4 12.5 13.3 9.9 1.6 34. 32. 2. 4. 30. 139. 171. 100. 80. 1964-Q1.... -02.... -Q3.... -Q4---- J | | | 1062. 892. 699. 1053. 4. 1 -16.1 -21.6 50.7 9.7 3.0 0.3 3.2 50. 39. 28. 42. 207. 222. 126. 117. 669. 658. 536. 687. -3.3 -1.6 -18.6 28.3 6.2 1.2 -2.1 -0.6 31. 29. 21. 27. 130. 164. 97. 76. 1965-Q1.... -Q2----Q3.... -Q4.... | | 1 | 1114. 986. 796. 1240. 5.8 -11.5 -19.2 55.8 4.8 10.5 14.0 17.8 48. 40. 29. 45. 209.. 224. 129125. 683. 737. 626. 842. -0.6 7.9 -15.1 34.4 2.2 12.1 16.9 22.5 30. 30. 23. 31. 128. 168. 102. 85. 1966-Q1.... -Q2.... -Q3.... —Q4.... J | J | 1347. 1144. 957. 1366. 8.6 -15.1 -16.3 42.8 21.0 16.0 20.2 10.1 52. 41. 30. 44. 206. 214. 125. 135. 862. 875. 762. 920. 2.4 1.4 -12.9 20.7 26.2 18.6 21.7 9.2 33. 31. 24. 29. 132. 164. 99. 91. 1967-Q1.... -Q2.... -Q3.... -Q4.... | | | | 1519. 1288. 1048. 1573. 11.2 -15.2 -18.6 50.0 12.7 12.6 9.6 15.1 50. 39. 29. 44. 222. 218. 123. 140. 935. 953. 811. 1067- 1.6 2.0 -14.9 31.5 8.4 9.0 6.5 16.0 31. 29. 22. 30. 137. 161. 95. 95. 1968-Q1.... -Q2.... -03.... -Q4---- | | | | 1723. 1408. 1167. 1755. 9.6 -18.3 -17. 1 50.4 13.5 9.3 11.3 11.6 49. 37. 28. 44. 216. 215. 119. 137. 1011. 976. 871. 1162. -5.3 -3.4 -10.7 33.4 8.1 2.4 7.4 8.9 28. 26. 21. 29. 127. 149. 89. 91. 1 969-Q1..... | -Q2.... | | -Q3.... . -Q4.... 1924. 1683. 1365. 2105. 9.6 -12.5 -18.9 54.2 11.7 19-5 17.0 20.0 50. 41. 30. 47. 226. 214. 123. 151. 1138. 1212. 1050. 1423. -2.1 6.5 -13.4 35.5 12.6 24.2 20.5 22.5 29. 29. 23. 32. 134. 154. 95. 102. 1970-Q1.... .| | -Q2.... > -Q3.... -Q4.... 2354. 1918. 1610. 2395. 11.8 -18.5 -16.0 48.7 22.4 13.9 18.0 13.7 52. 39. 30. 46. 229. 206123. 156. 1410. 1371. 1211. 1616. -0.9 -2.8 -11.7 33.4 23.9 13.1 15.4 13.6 31. 28. 23. 31. 137. 147. 93. 105. J 1971-Q1.... . | -Q2----. -Q3.... .| -Q4---- .| 2694. 2224. 1845. 2658. 12.5 -17.5 -17.0 44.0 14.5 16.0 14.6 11.0 51. 39. 29. 43. 235. 215. 128. 145. 1580. 1554. 1363. 1773. -2.3 -1.6 -12.3 30.1 12.0 13.3 12.5 9.7 30. 27. 22. 29. 138. 150. 95. 97. 1972-Q1---- , | -Q2.... .| -Q3.... .| -Q4----. | 3032. 2486. 2022. 2899. 14.1 -18.0 -18.7 43.4 12.5 11.8 9.6 9.1 50. 39. 30. 44. 211. 191. 118. 147. 1763. 1710. 1515. 1989. -0.6 -3.0 -11.4 31.3 11.6 10.0 11.2 12.2 29. 27. 22. 30. 123. 131. 89. 101. 1973-Q1.... .| -Q2..... | | -Q3---- , | -Q4---- . 3575. 2924. 2756. 3774. 23.3 -18.2 -5.8 37.0 17-9 17.6 36.3 30.2 54. 42. 37. 49. 193. 186. 142. 149. 2186. 2109. 2126. 2702. 9.9 -3.5 0.8 27.1 24.0 23.4 40.4 35.8 3. 3. 30. 28. 35. 118. 134. 110. 107. 1974-Q1..... 1 -Q2.... -Q3---- .| | -Q4.... , 4065. 3402. 2965. 3927. 7.7 -16.3 -12.8 32.4 13.7 16.4 7.6 4.1 52. 41. 33. 42. 185. 213. 157. 152. 2556. 2489. 2266. 2670. -5.4 -2.6 -9.0 17.8 16.9 18.0 6.6 -1.2 33. 30. 25. 28. 116. 156. 120. 103. 1975-Q1.... .J -Q2.... .| -Q3.... ] -Q4.... . 4450. 3915. 3181. 4452. 13.3 -12.0 -18.7 40.0 9.5 15.1 7.3 13.4 47. 39. 30. 41. 215. 194. 134. 147. 2574. 2728. 2403. 3043. -3.6 6.0 -11.9 26.6 0.7 9.6 6.0 14.0 27. 27. 22. 28. 124. 135. 101. 100. 1976-Q1.... .| -Q2---- .| J -Q3.... . -Q4---- .| 5321. 4565. 3524. 4845. 19.5 -14.2 -22.8 37.5 19.6 16.6 10.8 8.8 50. 41. 29. 39. 196. 191. 148. 142. 3088. 3290. 2704. 3288. 1.5 6.5 -17.8 21.6 20.0 20.6 12.5 8.0 29. 30. 23. 27. 114. 138.. 113. 97. 1977-Q1.... .| | -Q2.... , -Q3---- . | -Q4.... . [ 6000. 5141. 3858. 5050. 23.8 -14.3 -25.0 30.9 12.8 12.6 9.5 4.2 49. 41. 28. 36. 196. 207. 147. 126. 3439. 3642. 2942. 3397. 4.6 5.9 -19.2 15.5 11.4 10.7 8.8 3.3 28. 29. 21. 24. 113. 147. 11285. 1 1978-Q1.... . -Q2.... .J -Q3.... . | | -Q4.... . 6380. 5725. 4714. 6379. 26.3 -10.3 -17.7 35.3 6.3 11.4 22.2 26.3 47. 43. 33. 43. 174. 179. 153. 136. 3664. 4068. 3699. 4604. 7.9 11.0 -9. 1 24.5 6.5 11.7 25.7 35.6 27. 30. 26. 31. 100. 127. 120. 98. J 1979-Q1____. -Q2.... . | -Q3---- .J -Q4.... 7937. 7122. 5752. 8216. 24.4 -10.3 -19.2 42.8 24.4 24.4 22.0 28.8 53. 46. 34. 47. 179. 177. 149148. 4896. 5291. 4578. 6110. 6.3 8. 1 -13.5 33.5 33.6 30.1 23.8 32.7 33. 34. 27. 35. 110. 132. 119. 110. 1 1980-Q1.... . 1 -Q2____. -Q3---- . | -Q4---- .| 9613. 7996. 6158. 8521. 17.0 -16.8 -23.0 38.4 21.1 12.3 7.1 3.7 53. 42. 30. 43. 187. 182. 124. 132. 6051. 5618. 4635. 6151. -1.0 -7.1 -17.5 32.7 23.6 6.2 1.2 0.7 34. 30. 23. 31. 118. 128. 93.. 95. | 1981-Q1----, -Q2----.J -Q3---- 10568. 9063. 6818. 24.0 -14.2 -24.8 9.9 13.3 10.7 54. 44. 31. 186. 182. 134. 6630. 6472. 5232. 7.8 -2.4 -19.2 9.6 15.2 12.9 34. 31. 24. 117. 130. 103. | ] | 1 PERCENTAGE CHANGE FROM PREVIOUS QUARTER ___ YEAR.. | AS PERCENTAGE OF | 1 LOANS OUT COLLEC1 STANDING* _ TIONS MILLIONS | OF i DOLLARS | 1 PERCENTAGE CHANGE FROM PREVIOUS | AS PERCENTAGE OF 1 | LOANS OUT- COLLEC 1 STANDING* TIONS * LOANS OUTSTANDING AT END OF PRECEDING QUARTER. "NEB LOANS" ABE COMPUTED AS LOANS MADE LESS RENEBALS. RENEBALS INCLUDE SOME NONAGBICOLTOBAL LOANS (SEE NOTE ON PAGE 8). 12 TABLE 212.2Q PRODUCTION CREDIT ASSOCIATIONS LOANS HADE AND NEH LOANS SEASONALLY-ADJUSTED ANNUAL RATE I 1 | MILLIONS 1 OF | DOLLARS 1___ i 2838. 1961-Q1.... .| —Q2. ....| . 2775. 2925. -Q3--- .| 2961. -Q4-... .| QUARTER NEH LOANS LOANS HADE | | J 1 PERCENTAGE CHANGE FROH PREVIOUS - - - QUARTER Y3AR | AS PERCENTAGE OF | 1 LOANS OUT COLLEC 1 STANDING* TIONS AS PERCENTAGE OF HILLIONS J PERCENTAGE CHANGE j| FROH PREVIOUS | OF | I | LOANS OUT- COLLEC DOLLARS | l TIONS “ QUARTER YBAB"Z I STANDING* 5.9 -2.2 5.4 1.3 13.2 5.6 10.8 10.5 176. 167. 173. 170. 155. 149. 156. 150. 2057. 2000. 2083. 2112. 8.9 -2.8 4.1 1.4 12.8 5.5 9.2 11.8 128. 121. 123. 121. 113. 107. 111. 107. 1962-Q1.... -Q2--- .| -Q3--- .| -Q4--- . | 3072. 3122. 3305. 3418. 3.7 1.6 5.9 3.4 8.2 12.5 13.0 15.4 173. 172. 177. 178. 151. 155. 156. 157. 2194. 2220. 2365. 2479. 3.9 1.2 6.5 4.8 6.7 11.0 13-5 17.4 123. 122. 127. 129. 108. 110. 112. 114. 1963-Q1.... .| -Q2--- .| -Q3--- .| -Q4.... .| 3415. 3528. 3660. 3628. -0.1 3.3 3.7 -0.9 11.2 13.0 10.7 6.1 171. 170. 170. 163. 164. 163. 160. 155. 2451. 2513. 2596. 2521. -1.1 2.5 3.3 -2.9 11.7 13.2 9-8 i -7 l 123. 121. 121. 113. 118. 116. 113. 107. 1964—Q1.i.. .| -Q2--- .| -Q3--- .J -Q4--- .I 3732. 3645. 3678. 3730. 2.8 -2.3 0.9 1.4 9.3 3.3 0.5 2-8 164. 157. 155. 152. 159. 161. 160. 149. 2622. 2531. 2505. 2509. 4.0 -3.5 -1.0 0.1 7.0 0.7 -3.5 -0.5 >115. 109. 106. 102. 112. 112. 109. 100. 1965-Q1___ .| -Q2--- . i -Q3 . . ..| .. -Q4--- .| 3895. 4040. 4200. 4402. 4.4 3.7 4.0 4.8 4.4 10.8 14.2 18.0 159. 162. 163. 163. 160. 164. 168. 156. 2684. 2858. 2969. 3080. 7.0 6.5 3.9 3.7 2.4 12.9 18.5 22.8 110. 115. 115. 114. 111. 116. 119. 109. 1966-Q1---Q2---Q3---Q4--- .| .| .| .| 4676. 4692. 5057. 4896. 6.2 0.4 7.8 -3.2 20.0 16.1 20.4 11.2 170. 165. 171. 158. 157. 160. 165. 167. 3329. 3404. 3639. 3380. 8.1 2.3 6.9 -7.1 24.0 19-1 22.6 9.7 121. 119. 123. 109. 112. 116.. 119. 115. 1967-Q1---Q2---Q3---Q4--- .| .( .| .| 5237. 5320. 5533. 5680. 7.0 1.6 4.0 2.7 12.0 13.4 9.4 16.0 163. 160. 160. 159. 168. 167. 165. 171. 3627. 3716. 3813. 3922. 7.3 2.4 2.6 2.9 9.0 9.2 4.8 16.0 113. 111. 110. 110. 117. 117. 114. 118. 1968-Q1___ -Q2---Q3---Q4--- .| .( ,| .| 5904. 5804. 6137. 6377. 3.9 -1.7 5.7 3.9 12.7 9.1 10.9 12.3 158. 152. 158. 161. 163. 168. 162. 164. 3954. 3787. 4015. 4246. 0.8 -4.2 6.0 5.8 9.0 1.9 5.3 8.3 106. 99. 103. 107. 109. 110.. 106. 109. 1969-Q1... ..| -Q2--- -I -Q3--- .| — Q4.. • •.| 6537. 6983. 7154. 7647. 2.5 6.8 2.5 6.9 10.7 20.3 16.6 19.9 162. 167. 165. 170. 172. 172. 169. 176. 4409. 4773. 4922. 5193. 3.8 8.3 3.1 5.5 11.5 26.0 22.6 22.2 109. 114. 113. 115. 116. 118. 116. 119. 1970-Q1•••. .| -Q2--- .1 -Q3--- .| -Q4--- .1 7961. 7995. 8411. 8754.. 4.1 0.4 5.2 4. 1 21.8 14.5 17.6 14.5 169. 162. 165. 167. 175. 170. 164. 178. 5407. 5425. 5620. 5910. 4.1 0.3 3.6 5.2 22.6 13-6 14.2 13-8 114. 110. 110. 112. 119. 115. 109. 120. 1971-Q1___ -Q2---Q3---Q4--- .| .| .| .f 9097. 9275. 9596. 9800. 3.9 2.0 3.5 2.1 14.3 16.0 14.1 12.0 165. 161. 160. 159. 182. 180. 169. 164. 6079. 6154. 6253. 6527. 2.9 1.2 1.6 4.4 12.4 13.4 11.3 10.4 110. 107. 104. 106. 122. 120. 110. 109. 1972-Q1___ -Q2---Q3---Q4--- .| .| .| .| 10220. 10389. 10453. 10861. 4.3 1.6 0.6 3.9 12.4 12.0 8.9 10.8 162. 161. 159. 165. 168. 162. 153. 168. 6796. 6750. 6959. 7380. 4.1 -0.7 3.1 6. 1 11.8 9.7 11.3 13.1 108. 105,. 106. 112. 111. 105. 102,. 114. 1973-Q1.... .| -Q2--- .| -Q3--- .| —Q4--- .| 12058. 12110. 14195. 14282. 11.0 0.4 17.2 0.6 18.0 16.6 35.8 31.5 177. 173. 197. 188. 158. 158. 180. 171. 8333. 8373. 9849. 10144. 12.9 0.5 17.6 3.0 22.6 24.0 41.5 37.5 122. 120. 136. 133. 109. 110. 125. 121. 1974-Q1___ .| -Q2--- .j -Q3, ... .1 -Q4--- 13702. 13874. 15241. 14863. -4. 1 1.3 9.9 -2.5 13.6 14.6 7.4 4.1 171. 168. 173. 160. 156. 182. 193. 173. 9683,. 9748. 10385. 9949. -4.5 0.7 6.5 -4.2 16-2 16.4 5.4 -1.9 121. 118. 118. 107. 110. 128. 132. 116. 1975-Q1---Q2---Q3---Q4--- .| .| .J .| 15038. 15801. 16366. 16900. 1.2 5.1 3.6 3.3 9.8 13.9 7.4 13.7 155. 156. 158. 160. 184. 165. 160. 168. 10072. 10483. 10911. 11410. 1.2 4.1 4.1 4.6 4.0 7.5 5.1 14.7 104. 103. 105. 108. 123. 110. 107. 113. 1976-Q1___ — Q2---Q3---Q4--- .| .J .| .( 17903. 18240. 18186. 18620. 5.9 1.9 -0.3 2.4 19.1 15.4 11.1 10.2 164. 162. 156. 154. 169. 163. 173. 165. 12044. 12569. 12376. 12516. 5.6 4.4 -1.5 1.1 19.6 19.9 13.4 9.7 110. 111. 106. 104. 113. 112. 118. 111. 1977-Q1___ -Q2---Q3---Q4--- .| .| .| .| 20126. 20434. 19972. 19657. 8.1 1.5 -2.3 -1.6 12.4 12.0 9.8 5.6 162. 160. 149. 143. 170. 178. 170. 147. 13459. 13765. 13447. 13043. 7.5 2.3 -2.3 -3.0 11.7 9.5 8.7 4.2 109. 108. 100. 95. 114. 120. 115. 98. 1978-Q1___ -Q2---Q3--— Q4--- .1 .| .| .| 21260. 22729. 24443. 25108. 8.2 6.9 7.5 2.7 5.6 11.2 22.4 27.7 156. 166. 175. 172. 151. 155. 175. 161. 14242. 15500. 17212. 17813. 9.2 8.8 11.1 3.5 5.8 12.6 28.0 36.6 104. 113. 123. 122. 101. 106. 123. 114. 1979-Q1---Q2---Q3---Q4--- .| .) -| .| 26391. 28208. 29791. 32557. 5. 1 6.9 5.6 9.3 24.1 24.1 21.9 29.7 175. 180. 183. 191. 156. 153. 169. 175. 18553. 20324. 21448. 23654. 4.2 9.5 5.5 10.3 30.3 31.1 24.6 32.8 123. 130. 132. 139. 110. 111. 122. 127. 1980-Q1•..• .| -Q2--- .| -Q3--- .| -Q4--- .| 32029. 31672. 31860. 33344. -1.6 -1.1 0.6 4.7 21.4 12.3 6.9 2.4 175. 164. 162. 171. 165. 157. 140. 154. 22851. 21249. 21045. 23403. -3.4 -7.0 -1.0 11.2 23.2 4.5 -1.9 -1.1 125. 110. 107. 120. 117. 106. 93. 108. 1981-Q1___ .1 35106. -Q2--- .| 35831. -Q3--- .1 35222. -1— 5.3 2.1 -1.7 9,-6 13.1 10.6 176. 171. 163. 164. 15B. 151. 24978. 24673. 23958. 6.7 -1.2 -2.9 9.3 16.1 13.8 126. 117. 111. 117. 109. 103. * SEASONALLY-ADJUSTED LOANS OUTSTANDING AT END OF PRECEDING QUARTER. "NEH LOANS" ARE COHPUTED AS LOANS HADE LESS RENEHALS. RENEHALS INCLUDE SOHE NONAGRICULTURAL LOANS (SEE NOTE ON PAGE 8). 13 PRODUCTION CREDIT ASSOCIATIONS LOANS HADE AND NEW LOANS FOUR-QUARTER MOVING TOTAL TABLE 212.3Q 1961-Q1___ -Q2---Q3---Q4--- LOANS MADE J 1_____ CHANGE PROM AS PERCENTAGE OP 1 1 1 | MILLIONS PREVIOUS YEAR | OP | DOLLARS 'MILLIONS | LOANS OUT COLLEC PERCENT | STANDING* TIONS OP 1 1 J DOLLARS . 1 1 5.9 150. . | 2703. 151. 172. 6.7 171. . J 2740. 172. 151. 8.7 224. 170. 152. , | 2793. 10.0 262. 170. 151. .J 2869. 1962-Q1___ -Q2---Q3---Q4--- .1 . | .| . | 2936. 3021. 3090. 3217. 232. 281. 298. 348. a. 6 10.3 10.7 12.1 170. 172. 171. 174. 1963-Q1___ | -Q2--- | -Q3--- | -Q4.,.>. . | 3320. 3422. 3487. 3551. 384. 401. 397. 333. 13.1 13.3 12.8 10.4 1964-Q1--- .1 -Q2--- .| -Q3--- | -Q4--- | 3645. 3671. 3673. 3705. 325. 249. 186. 154. 1965-Q1___ | -Q2--- .| -Q3--- | -Q4--- . 1 3756. 3850. 3948. 4136. 1966-Q1--- .J -Q2--- I -Q3--- .| -Q4--- | YEAR ENDING— NEW LOANS j | CHANGE FROM | AS PERCENTAGE OF I MILLIONS | j | PREVIOUS YEAR OP | I . .J I DOLLARS | MILLIONS | | I LOANS OUT- COLLEC | OF PERCENT | STANDING* TIONS _ I DOLLARS I 1938. 1964. 2002. 2062. 52. 88. 141. 183. 2.8 4.7 7.6 9.8 123. 122. 122. 123. 108. 108. 109. 109. 151. 153. 152. 153. 2096. 2155. 2211. 2312. 158. 190. 209. 250. 8.1 9.7 10.5 12.1 122. 122. 122. 125. 108. 109. 109HO. 175. 174. 171. 167. 157. 159. 159. 158. 2382. 2458. 2507. 2518. 286. 303. 296. 206. 13.6 14.1 13.4 8.9 125. 125123. 119. 112. 114. 115. 112. 9.8 7.3 5.3 4.3 167. 163. 159. 157. 1 seiss. T57156. 2557. 2565. 2553. 2549. 176. 107. 46. 31. 7.4 4.3 1.8 1.2 117114. 111. 108. 111. 110. 109. 107. 111. 180. 275. 430. 3.1 4.9 7.5 11.6 156. 157. 158. 162. 157. 158. 158. 160. 2564. 2643. 2734. 2889. 7. 79. 180. 340. 0.3 3.1 7.1 13.3 107. 108. 109. 113. 107109. 110. 112. 4369. 4527. 4688. 4813. 613. 677. 740. 678. 16.3 17.6 18.7 16.4 166. 166. 166. 165. 161. 162. 159. 162. 3068. 3205. 3341. 3419. 504.. 562. 607. 530. 19.6 21-2 22.2 18.3 116. 118. 118. 117. nens. 113115. 1967-Q1 •..•.( . -Q2--- 1 -Q3--- .| -Q4--- .| 4985. 5129. 5221. 5428. 616. 602. 533. 615. 14.1 13.3 11.4 12.8 164. 163. 159. 160. 166. 168. 166. 167. 3491. 3570. 3619. 3766. 423. 365. 278. 348. 13.8 11.4 8.3 10.2 IIS113. 110. 111. 116. 117. 115116. 5632. 5752. 5870. 6053. 647. 623. 649. 625. 13.0 12.1 12.4 11.5 160. 158. 156. 157. 167. 168. 165. 163. 3842. 3865. 3925. 4020. 351. 295. 306. 254. 10.1 8.3 8.4 6.7 109106. 104. 104. 114. 113. 110. 108- 1969-Q1---Q2---Q3---Q4--- .j .| .| .| 1 .| .| .| .| 6254. 6529. 6727. 7077. 622. 777. 857. 1024. 11.0 13.5 14.6 16.9 159. 162. 162. 166. 166. 167. 167. 171. 4147. 4383. 4562. 4823. 305. 519. 637. 803. 7.9 13.4 16.2 20.0 106. 109. 110. 113. HO. 112. 113. 146. 1970-Q1___ -Q2---Q3---Q4--- .J .| .| .J 7508. 7742. 7987. 8277. 1254. 1213. 1260. 1199. 20.0 18.6 18.7 16.9 169. 167. 165. 165. 174. 174. 171. 172. 5095. 5254. 5415. 5608. 948. 870. 853. 786. 22.9 19.9 18.7 1, 3 6. 115. 113. 112. 112. 118. 118. 116. 117. 1971-Q1---Q2---Q3---Q4--- .| .| .J . | I .| .| .| .J 8617. 8923. 9158. 9421. 1109. 1181. 1170. 1145. 14.8 15.3 14.7 13.8 165. 164. 162. 160. 175. 178. 178. 173. 5778. 5961. 6112. 6269. 683. 707. 697. 661. 13.4 13.5 12.9 11.8 111. 110. 108106- 117. 119119. 115. 9759. 10021. 10197. 10439. 1142. 1098. 1040. 1017. 13.2 12.3 11.4 10.8 160. 160. 160. 161. 170. 167. 162. 163. 6452. 6608. 6760. 6976. 674. 647. 648. 707. 11.7 10.9 10.6 11.3 106106. 106. 107. 112. 110. 108. 109. 1973-Q1--- .| -Q2--- .| -Q3. ....| -Q4--- .| 10982. 11420. 12154. 13028. 1223. 1399. 1956. 2590. 12.5 14.0 19.2 24 .8 , 166. 169. 175. 181. 161. 161. 166. 165. 7400. 7799. 84119123. 948. 1191. 1651. 2147. 14.7 18.0 24.4 30.8 112. 115. 121. 127. 108H O. 115. 116. 1974-Q1.... .| -Q2--- .| -Q3--- .( — Q4--- .| 13518. 13996. 14206. 14359. 2536. 2576. 2052. 1331. 23.1 22.6 16.9 10.2 180. 179. 173. 166. 164. 169. 173. 174. 9493. 9873. 10013. 9981. 2093. 2073. 1602. 858. 28.3 26.6 19.0 9-4 127. 126. 122. 115. 115. 119. 122. 121. .| .J .| .1 14744. 15256. 15472. 15997. 1226. 1260. 1266. 1638. 9.1 9.0 8.9 11.4 163. 160. 156. 156. 181. 178. 171. 168. 10000. 10238. 10375. 10748. 507. 366. 362. 767. 5.3 3.7 3.6 7.7 110. 108. 105. 105. 123. 120. 115. 113. 1976-Q1___ .| -Q2--- .| - Q3 .- ...1 — Q4--- .| 16868. 17519. 17862. 18256. 2124. 2263. 2390. 2259. 14.4 14.8 15.4 14.1 160. 162. 160. 158. 166. 167. 170. 168. 11262. 11824. 12124. 12369. 1262. 1586. 1749. 1621. 12.6 15.5 16.9 15.1 107. 109. 109. 107. 111. 113. 115. 114. .| .| . | .| 18935. 19510. 19844. 20049. 2066. 1991. 1982. 1794. 12.2 11.4 11.1 9.8 159. 159. 156. 152. 169. 172. 172. 165. 12721. .13073. 13311. 13420. 1459. 1249. 1186. 1050. 13.0 10.6 9.8 8-5 107. 106. 105. 102. 113. 115. 115. 110. 1978-Q1. •. •.J -Q2--- .| -Q3--- .| -Q4--- .1 20429. 21013. 21869. 23198. 1494. 1502. 2025. 3148,. 7.9 7.7 10.2 15.7 152. 154. 158. 165. 160. 156. 157. 159. 13644. 14070. 14828. 16036. 923. 997. 1517. 2616. 7.3 7.6 11.4 19.5 101. 103107. 114. 107. 104106. 110. 1979-Q1.... .( -Q2--- .| -Q3--- .J -Q4--- .| 24755. 26152. 27190. 29027. 4326. 5139. 5321. 5830. 21.2 24.5 24.3 25-1 172. 176. 176. 180. 161. 161. 160. 162. 17267. 18490. 19369. 20875. 3623. 4420. 4542. 4840. 26.6 31.4 30.6 30.2 120. 124. 125130. 112. 114. 114. 117. 1980-Q1___ .| -Q2--- .| -Q3--- .1 -Q4-... .| 1 1981-Q1.... .| -Q2--- .| -Q3--- .| 30704. 31578. 31984. 32289. 5949. 5427. 4794. 3262. 24.0 20.8 17.6 11.2 182. 178. 171. 168. 165. 167. 159. 154. 22030. 22358. 22414. 22455. 4763. 3867. 3045. 1580. 27.6 20.9 15.7 7.6 130. 126. 120. 116. 119. 118. 112. 107. 33243. 34309. 34969. 2540. 2731. 2985- 8.3 8.6 9.3 169. 171. 170. 155. 155. 158. 23034. 23887. 24485. 1003. 1530. 2071. 4.6 6.8 9.2 117. 119. 119. 107. 108. 110. 1968-Q1---Q2---Q3---Q4--- 1972-Q1___ -Q2---Q3---Q4--- 1975-Q1---Q2---Q3---Q4--- 1977-Q1---Q2---Q3---Q4--- * AVERAGE LOANS OUTSTANDING DURING THE PRECEDING POUR QUARTERS (AVERAGE OF END-OP-QUARTER DATA). NNE0 LOANS” ARE COMPUTED AS LOANS MADE LESS RENEHALS. RENEWALS INCLUDE SOME NONAGBICULTURAL LOANS (SEE NCTE ON PAGE 8). 14 TABLE 213.1Q PBODUCTION CBEOIT ASSOCIATIONS RENEWALS AND COLLECTIONS COLLECTIONS RENEWALS QUARTER BILLIONS OF DOLLARS _ _ | l 1 1 PERCENTAGE CHANGE FROM PREVIOUS | BILLIONS | 1 AS PERCENTAGE OF 1 OF | 1 COLLECTIONS | DOLLARS | | LOANS OUTLOANS AND RENEWALS 1 YEAR QUARTER 1 STANDING* BADE _ 1 PERCENTAGE CHANGE FROH PREVIOUS QUARTER _ YEAR | AS PEHi CENTAGE OF | LOANS OUT1 STANDING* _ 1961-Q1.... -Q2.... -Q3----Q4.... 273163. 121. 250. 17.0 -40.5 -25.7 106.6 15.4 7.0 14.2 6.8 18. 10. 7. 14. 34. 24. 2230. 41. 34. 21. 25. I | | | 394. 322. 448. 733. -41.5 -18.1 39.0 63.6 11.5 6.3 4.3 8.9 26. 20. 25. 41. 1962-Q1.... -Q2---Q3.... -Q4--- 307. 189. 134. 276. 22.7 -38.2 -29.4 106.7 12.1 16.3 10.5 10.6 19. 11. 7. 14. 35. 25. 21. 29. 41. 35. 21. 2b. | | | | 438. 352. 510. 806. -40.3 -19.6 44.9 58.0 11.2 9.2 13.8 9.9 26. 20. 26. 41. 1963-Q1.... -Q2.... “ Q3.... -Q4.... 339. 215. 150. 329. 22.6 -36.4 -30.5 119.9 10.5 13.8 11.9 19.1 18. 11. 7. 14. 35. 25. 21. 32. 43. 36. 21. 28. | | | | 453. 379. 549. 865. -43."» -16.4 44.6 57.7 3.6 7.8 7.6 7.4 24. 19. 24. 38. 1964-Q1.... -Q2.... -Q3.... -Q4.... 394. 234. 163. 366. 19.7 -40.6 -30.3 124.5 16.3 8.5 8.8 11.1 19. 10. 6. 15. 37. 26. 23. 35. 43. 37. 23. 29. | | | I 514. 401. 554. 903. -40.6 -22.0 38.3 62.9 13.4 5.6 1.0 4.4 24. 18. 22. 36. 1965-Q1.... -Q2.... -Q3.... -Q4.... 430. 248. 170. 399. 17.6 -42.3 -31.6 134.7 9.3 6.2 4.3 9.0 19. 10. 6. 14. 39. 25. 21. 32. 40. 36. 22. 29. | I | | 533. 440. 616. 995. -41./> -17.5 40.1 61.6 3.6 9.7 11.1 10.2 231. 8. 22. 36. 1966-Q1.... -Q2.... -Q3.... -Q4____ 485. 269. 195. 446. 21.6 -44.5 -27.5 128.9 12.7 8.3 14.8 11.9 19. 10. 6. 14. 36. 24. 20. 33. 43. 34. 20. 31. | | | | 655. 533. 768. 1015. -34.2 -18.0 4*.1 32.1 22.9 21-2 24.7 1.9 25. 19. 24. 32. 1967-Q1____ -Q2.... -Q3.... -Q4.... 584. 335. 237. 506. 30.9 -42.7 -29.1 113.1 20.5 24.4 21.8 13.4 19. 10. 6. 14. 3826. 23. 32 .. 46. 36. 22. 31. | | I | 684. 591. 853. 1121. -32.6 -13.5 44.3 31.4 4.5 10.9 11.1 10.5 22. 18. 23. 31. 1968-Q1.... -Q2.... -Q3.... -Q4.... 712. 432. 296. 593. 40.8 -39.4 -31.6 100.7 22.0 29.1 24.6 17.3 20. 11. 7. 15. 41. 31. 25. 34. 47. 40. 23. 32. | | | | 797. 655. 983. 1281. -28.9 -.17.9 50.1 30.3 16.6 10.7 15.2 14.2 22. 17. 24. 32. 1969-Q1.... -Q2.... -Q3.... -Q4.... 786. 471. 315. 683. 32.5 -40.1 -33.0 116.5 10.3 9.0 6.6 15.1 20. 11. 7. 15. 41. 28. 23. 32. 48. 37. 22. 33. | | | | 850. 787. 1107. 1396. -33.6 -7.4 40.7 26.1 6.6 20.2 12.7 9.0 22. 19. 24. 31. 1970-Q1.... -Q2.... -Q3.... -Q4..... 944. 547. 399. 779. 38.3 -42.1 -27.0 95-1 20.1 16.1 26.6 14.1 21. 11. 7. 15. 40. 29. 25. 33. 48. 37. 23. 34. | I I | 1029. 930. 1308. 1533. -26.3 -9.6 40.7 17.2 21.1 18.1 18. 1 9.8 2. 3. 19. 24. 29. 1971-Q1.... -Q2.... -Q3.... -Q4.... 1115. 670. 483. 885. 43.2 -39.9 -27.9 83.3 18.1 22.5 20.9 13.7 21. 12. 8. 14. 41. 30. 26. 33. 4939. 25. 33. | | J | 1149. 1033. 1442. 1833. -25.0 -10.0 39.5 27.1 11.7 11.2 10.2 19.6 22. 18. 23. 30. 1972-Q1.... -Q2.... -Q3..... -Q4.... 1269. 776. 507. 910. 43.4 -38.9 -34.6 79.5 13.8 15.9 5.1 2.9 21. 12. 7. 14. 42. 31. 25. 31. 47. 37. 23. 32. | | | | 1439. 1304. 1708. 1973. -21.5 -9.4 31.0 15.5 25.2 26.2 18.5 7.6 24. 20. 25. 30. 1973-Q1.... -02.... -Q3.... -Q4.... 1389. 815. 630. 1072. 52.5 -41.3 -22.7 70.3 9.4 5.0 24.1 17.8 21. 12. 8. 14. 39. 28. 23. 28. 43. 34. 25. 30. | | | I 1854. 1571. 1938. 2529. -6.0 -15.2 23.4 30.5 28.8 20.5 13.5 28.2 28. 23. 26. 33. 1974-Q1___ _ -Q2.... -03.... -Q4.... . 1509. 913. 699. 1257. 40.7 -39.5 -23.4 79.8 8.6 12.1 11.0 17.2 19. 11. 8. 13. 37. 27. 24. 32. 41. 36. 27. 33. | | | | 2203. 1597. 18882585. -12.9 -27.5 18.2 36.9 18.8 1.7 -2.6 2.2 28. 19. 21. 27. 1975-Q1.... -02.... -03.... — Q4.... 1876. 1187. 778. 1409. 49.2 -36.7 -34.5 81.2 24.3 30.0 11.3 12.1 20. 12. 7. 13. 42. 30. 24. 32. 48. 37. 25. 32. | | 1 | 2069. 2022. 2379. 3031. -20.0 -2.3 17.6 27.4 -6.1 26.6 26.0 17.2 22. 20. 22. 28. 1976-Q1.... -02.... -03.... -Q4.... 2233. 1275. 820. 1557. 58.5 -42.9 -35.7 89.8 19.1 7.5 5.5 10.5 21. 11. 7. 13. 42. 28. 23. 32. 45. 35. 26. 31. | | | | 2709. 2390. 2385. 3403- -10.6 -11.8 -0.2 42.7 30.9 18.2 0.3 12.3 25. 22. 20. 28. 1977—Q1..... * -02.... -03.... -Q4.... 2561. 1499. 916. 1654. 64.4 -41.5 -38.9 80.5 14.7 17.6 11.7 6.2 21. 12. 7. 12. 43. 29. 24. 33. 46. 38. 26. 29. | | I 1 3055. 2480. 26204010. -10.2 -18.8 5.6 53.1 12.8 3.7 9.8 17.8 25. 20. 19. 28. 1978-Q1.... -02----Q3.... -04..... 2716. 1657. 1015. 1775. 64.2 -39.0 -38.8 74.9 6.1 10.5 10.8 7.3 20. 12. 7. 12. 43. 29. 22. 28. 43. 34. 25. 28. | | 1 | 3669. 3193. 3074. 4678. -8.5 -13.0 -3.7 52.2 20.1 28.8 17.3 16.7 27. 24. 21. 31. 1979-Q1.... -02.... -Q3.... -Q4.... 3041. 1830. 1174. 2106. 71.4 -39.8 -35.9 79.4 12.0 10.5 15.7 18.7 20. 12. 7. 12. 38. 26. 20. 26. 41. 31. 23. 27. | 1 1 | 4440. 4018. 3852. 5567. -5.1 -9.5 -4.1 44.5 21.0 25.8 25.3 19.0 30. 26. 23. 32. 1980-Q1 -Q2----03.... -04.... 3563. 2378. 1523. 2370. 69.1 -33.3 -35.9 55.6 17.1 29.9 29.7 12.5 20. 13. 8. 12. 37. 30. 25. 28. 41. 35. 23. 27. | ( | | 5136. 4405. 4961. 6454. -7.7 -14.2 12.6 30.1 15.7 9.6 28.8 15.9 28. 23. 25. 32. 1981—Q1.... -Q2. ... . « -03.... 3938. 2591. 1586. 66.2 -34.2 -38.8 10.5 8.9 4.1 20. 13. 7. 37. 29. 23. 41. 34. 24. I | 1 5679. 4976. 5075. -12.0 -12.4 2.0 10.6 13.0 2-3 29. 24. 23. * LOANS OUTSTANDING AT END OF PRECEDING QUARTER. RENEWALS AND COLLECTIONS INCLUDE SONS NONAGRICULTURAL LOANS (SEE NOTE ON PAGE 8) ' 15 TABLE 213.2Q PRODUCTION CREDIT ASSOCIATIONS RENEHALS AND COLLECTIONS SEASONALL7-ADJUSTED ANNUAL RATE QUARTER l 1 | BILLIONS | 1 OF | | DOLLARS | RENEHALS PERCENTAGE CHANGE FROM PREVIOUS _ | | ! 1 | BILLIONS | 1 OF | COLLECTIONSl DOLLARS | | AND RENEHALS; J QUARTER i 1 i l 30. | 1827. 29. | 1860. 31. | 187930. | 1981- AS PERCENTAGE OF LOANS OUT J STANDING* LOANS MADE COLLECTIONS PERCENTAGE CHANGE FROM PREVIOUS | AS PER j CENTAGE OF 1 LOANS OUT 1 STANDING* OUARTER YEAR -0.3 1.8 1.0 5.4 10.4 6.1 5.9 8.0 114. 112. 111. 114. 2030. 2019. 2119. 2173. 2.5 -0.5 4.9 2.6 11.1 8.5 12.8 9.7 114. 111. 114. ,113. | I 1 | 2077. 2165. 2291. 2347. -4.4 4.2 5.8 2.5 2.3 7.2 8.1 8..0 104. 104. 106. 105. 32. 33. 34. 33. | | I | 2345. 2265. 2296. 2500. -0.1 -3.4 1.4 8.9 12.9 4.6 0.2 6-5 103. 97. 97. 102. 31. 29. 29. 30. 33. 32. 33. 32. | t | | 2427. 2458. 2496. 2819. -2.9 1.3 1.5 13.0 3-5 8.5 8.7 12.8 99. 99. 97. 105- 49. 45. 48. 49. 29. 27. 28. 31. 31. 31. 32. 34. I 1 J | 2981. 2929. 3064. 2935. 5.7 -1.8 4.6 -4.2 22.8 19.2 22.8 4.1 108. 103. 103. 95. 19.5 24.6 21.3 15.9 50. 48. 50. 49. 31. 30. 31. 31. 34. 33. 34. 35. | | | | 3113. 3185. 3351. 3325. 6.0 2.3 5.2 -0-8 4-4 8.8 9.4 13.3 97. 96. 97. 93. 11.0 3.4 5. 1 0.4 21.1 25.7 23.3 21.1 52. 53. 55. 54. 33. 35. 35. 33. 35. 37. 36. 35. 1 | I | 3616. 3451. 3799. 3899. 8.8 -4.6 10.1 2.6 16.2 8.4 13.4 17.3 97. 91. 98. 98. 2128. 2209. 2233. 2455. -0.1 3.8 1.0 9.9 9.1 9.5 5.3 15.3 53. 53. 51. 54. 33. 32. 31. 32. 36. 35. 35. 36- 38004060. 4235. 4355. -2.6 6.9 4.3 2.8 5.1 17.6 11.5 11.7 94. 97. 97. 97. 1970-Q1.... .i ( -02.... . | -03.... . -Q4.... .| i 1971-Q1---- .| -Q2.... -Q3---- . | | -Q4----. 2554. 2570. 2791. 2844. 4.0 0.6 8.6 1.9 20.0 16.3 25.0 15.9 54. 52. 55. 54. 32. 32. 33. 32. 36. 3535. 37. | | I | I 1 | | | 4546. 47065138. 4910. 4.4 3.5 9.2 -4.5 19-6 15-9 21.3 12.7 96. 96. 101. 93. 3017. 3121. 3343. 3273. 6.1 3.4 7. 1 -2.1 18.2 21.4 19.8 15.1 55. 54. 56. 53. 33. 34. 35. 33. 38. 38. 37. 35. | | | | 4989. 5148. 56705962. 1.6 3.2 10.1 5.1 9.8 9.4 10-4 21.4 90. 89. 94. 97. 1972-Q1.......| | -02..... -Q3----.| .j -Q4---- 3424. 3638. 3494. 3482. 4.6 6.3 -4.0 -0. 4 13.5 16.6 4.5 6.4 54. 56. 53. 53. 34. 35. 33. 32. 36. 36. 34. 35. | | | | 6096. 6420. 6819. 6480. 2.2 5.3 6.2 -5.0 22.2 24.7 20.3 8.7 97. 99. 104. 98. 1973-Q1.... . J | -Q2---- , | -03.... . | -Q4.... . J 1974-Q1..-... | -Q2---] -Q3---- . J -Q4.... . 3725. 3737. 4346. 4138. 7.0 0.3 16.3 -4.8 8.8 2.7 24.4 18-9 55. 53. 60. 54. 31. 31. 3129. 33. 33. 35. 33. | J | | 7616. 7643. 7902. 8357. 17.5 0.3 3.4 5.8 24.9 19.0 15.9 29.0 112. 109. 109. 110- 4019. 4126. 4855. 4914. -2.9 2.7 17.7 1.2 7.9 10.4 11.7 18.7 50. 50. 55. 53. 29. 30. 32. 33. 31. 35. 38. 36. 1 | J J 8768. 7633. 7889. 8594. 4.9 -12.9 3.4 8.9 15.1 -0. 1 -0.2 2-8 109. 92. 90. 92. | 1975-Q1---- . -Q2.... -Q3---- .J -Q4----.| 4966. 5318. 5456. 5490. 1. 1 7.1 2.6 0.6 23.6 28.9 12.4 11.7 51. 52. 53. 52. 33. 34. 33. 32. 38. 36. 35. 35. I | | | 8156. 9566. 10202. 10074. -5.1 17.3 6.6 -1.3 -7.0 25-3 29.3 17-2 8494. 98. 95. 1976-Q1____ .| -Q2.. »• . «| -Q3----.| | -04.... , 58595671. 5810. 6104. 6.7 -3.2 2.5 5. 1 18.0 6.6 6.5 11.2 54. 50. 50. 51. 33. 31. 32. 33. 36. 34. 36. 35. | | | | 10619. 11174. 10487. 11310. 5.4 5.2 -6.1 7.9 30.2 16.8 2.8 12.3 97. 99. 90. 94. 1 1977-Q1____ . | -02---- . | -Q3...., | -Q4.... . 1 1978-Q1.... | -Q2.... . -Q3---| -Q4---- . 6668. 6669. 6525. 6613. 9.2 0.0 -2.2 1.4 13.8 17.6 12.3 8.3 54. 52. 49. 48. 33. 33. 33. 34. 3637. 36. 33. I | | | 11853. 11468. 11721. 13373. 4.8 -3.2 2.2 14.1 11.6 2.6 11.8 18.2 96. 90. 88. 97. 7018. 7230. 7231. 7295. 6. 1 3.0 0.0 0.9 5.3 8.4 10.8 10.3 51. 53. 52. 50. 33. 32. 30. 29. 33. 33. 34. 32. | | | J 14058. 14667. 1394315622. 5.1 4.3 -4.9 12.0 18.6 27.9 19.0 16.8 103. 107. 100. 107- 1979-Q1.....| -02.... .| | -03.... , J -Q4.... . 7838. 7884. 8343. 8903. 7.4 0.6 5.8 6.7 11.7 9.1 15.4 22.0 52. 50. 51. 52. 30. 28. 28. 27. 32. 30. 32. 32. | | | I 16936. 18392. 17624. 18646. 8.4 8.6 -4.2 5.8 20.5 25.4 26.4 19.4 112. 117. 108. 109. 1980-Q1.... . | -Q2 ---- .| -03...., j | -Q4.... , 9178. 10424. 10815. 9941. 3.1 13.6 3.8 -8.1 17.1 32.2 29.6 11.7 50. 54. 55. 51. 29. 33. 34. 30. 32. 34. 32. 31. | J | | 19448. 20137. 22706. 21664. 4.3 3.5 12.8 -4.6 14.8 9.5 28.8 16.2 106. 104. 115. 111. ) 10128. 1981-Q1.... . 1 11158. -Q2.... , ! 11264. -Q3.--- . J_____ 1.9 10.2 0.9 10.3 7.0 4.1 51. 53. 52. 29. 31. 32. 32. 33. 33. | 21399. | 22696. | 23260. -1_ -1.2 6.1 2.5 10.0 12.7 2.4 108. 108108. year 1961-Q1____ -Q2.... -Q3----Q4.... i | | | 781. 775. 842. 850. -1.1 -0.7 8.6 0.9 14.5 6.0 14.8 7.6 49. 47. 50. 49. 28. 28. 29. 29. 1962-Q1.... "Q2.... -Q3.... -Q4.... | | | | 878. 901. 940. 940. 3.3 2.7 4.3 -0. 1 12.4 16.3 11.7 10.6 49. 50. 50. 49. 29. 29. 28. 27. 30. 31. 31. 30. I | I | 1963-Q1.... -Q2.... -Q3.... -Q4.... | | | | 964. 1015. 1065. 1107. 2.6 5.3 4.9 4.0 9.9 12.6 13.2 17.8 48. 49. 49. 50. 28. 29. 29. 31. 32. 32. 32. 32. 1964-Q1.... -Q2.... ~Q3.... -Q<*.... I | 1 | 1110. 1114. 1172. 1221. 0.3 0.4 5.2 4.2 15.1 9.8 10.1 10.3 49. 48. 49. 50. 30. 31. 32. 33. 1965-Q1----Q2.... -Q3.... -Q<*.... | | | I 1211. 1182. 1231. 1322. -0.9 -2.3 4. 1 7.4 9.1 6.1 5.0 8.3 49. 47. 48. 49. 1966-Q1.... -02.... -03.... -Q4.... | | | | 1347. 1288. 1418. 1516. 1.9 -4.4 10.1 6.9 11.2 8.9 15.2 14.7 1967-Q1.... -02.... -03.... -Q4.... | | | | 1610. 1604. 1720. 1758. 6.2 -0.4 7.2 2.2 1968-Q1.... -02.... -03.... -04.... | | | | 1950. 2017. 2121. 2129. 1969-Q1.... | -02.... | -Q3.... I | -Q4.... , * SEASONALLY-ADJUSTED LOANS OUTSTANDING AT END OF PRECEDING QUARTER. RENENALS AND COLLECTIONS INCLUDE SOME NONAGRICULTURAL LOANS (SEE NOTE ON PAGE 8) . 16 TABLE 213.3Q PRODUCTION CREDIT ASSOCIATIONS RENEWALS AND COLLECTIONS FOUR-QUARTER MOVING TOTAL RENEHALS YEAR ENDING— CHANGE FROM I | MILLIONS PREVIOUS YEAR | OF MILLIONS | DOLLARS PERCENT OF 1 1 _ _ J DOLLARS COLLECTIONS 1 1 ___ | CHANGE FROM 1 1 J MILLIONS | | PREVIOUS YEAR AS PERCENTAGE OF I OF I 1 LOANS COLLECTIONS! DOLLARS | MILLIONS | LOANS OUT STANDING* MADE AND RENEHALS! j | OF PERCENT 1 _______ L_ _______ I DOLLARS ! 49. 28. 30. | 1799. 109. 6.5 48. 28. 30. | 1818. 105. 6.1 30. | 1837. 48. 28. 115. 6.7 48. 30. | 1897. 28. 138. 7.9 | 1 AS | PERCENTAGE | | OF I | I LOANS OUI| STANDING* 1 I 114. 113. 112. 113. 1961-Q1.... -Q2.... -Q3.... -Q4---- | | | | 765. 776. 791. 807. 99. 84. 84. 78. 14.9 12.2 11.8 10.7 1962-Q1.... -Q2.... -Q3---Q4.... I | I | 840. 867. 879. 906. 75. 91. 88. 99. 9.8 11.7 11.2 12.2 49. 49. 49. 49. 29. 29. 28. 28. 30. 31. 30. 30. ! | I | 1941. 1971. 2032. 2105. 142. 152. 195. 208. 7.9 8.4 10.6 11.0 113. 112. 113. 114. 1963-Q1.... -Q2.... -Q3.... -Q4.... i | | I 938. 964. 980. 1033. 98. 97. 101. 127. 11.7 11.2 11.4 14.0 49. 49. 48. 49. 28. 28. 28. 29. 31. 31. 31. 31. 1 | I | 2121. 2148. 2187. 2247. 180. 178. 155. 142. 9.3 9.0 7.6 6.7 112. 109. 107. 106. 1964-Q1.... 1 -Q2.... | -Q3---- 1 -Q4.... J 1088. 1106. 1119. 1156. 150. 142. 139. 123- 16.0 14.7 14.2 11.9 50. 49. 48. 49. 30. 30. 30. 31. 32. 32. 32. 33. | | | J 2307. 2328. 2334. 2372. 186. 180. 147. 126. 8.8 8.4 6.7 5.6 105. 103. 101100. 1965-Q1.... -Q2.... -Q3.... -Q4.... I | | | 1193. 1207. 1214. 1247. 105. 101. 95. 91. 9.6 9.1 8.5 7.9 50. 49. 49. 49. 32. 31. 31. 30. 33. 33. 33. 33. J i | | 2391. 2430. 2491. 2584. 84. 101. 137. 212. 3-6 4.4 6.7 8.9 99. 99100. 101. 1966-Q1.... -Q2.... -Q3.... -Q4.... I | I I 1301. 1322. 1347. 1395. 109. 115. 133. 148. 9.1 9.5 11.0 11.9 49. 49. 48. 48. 30. 29. 29. 29. 3232. 31. 32. | | 1 ! 2706. 2799. 2951. 2971. 315369. 460. 387. 13.2 15.2 18.5 15.0 103. 103104. 102. 1967-Q1.... -Q2.... -Q3.... —Q4---- J I | I 1494. 1560. 1602. 1662. 193. 238. 255. 267. 14.8 18.0 18.9 19.1 49. 49. 49. 49. 30. 30. 31. 31. 33. 34. 34. 34. | ! | | 3000. 3058. 3143. 3250.. 294. 259. 192. 279. 10.9 9.3 6.5 9.4 99. 97. 96. 96. 1968-Q1.... -Q2.... -Q3.... -Q4.... I i I | 1790. 1887. 1946. 2033. 296. 328. 344. 371. 19.8 21.0 21.5 22.3 51. 52. 52. 53. 32. 33. 33. 34. 35. 36. 35. 35. | | I I 3363. 3426. 3556. 3715. 363. 308. 412. 465. 12.1 12.0 13.1 14.3 95. 94. 95. 96. 1969-Q1.... | -Q2.... | -Q3.... | -Q4.... ,| 2107. 2145. 2165. 2255. 317. 258. 219. 221. 17.7 13.7 11.3 10.9 54. 53. 52. 53. 34. 33. 32. 32. 36. 35. 35. 35. | | | | 3767. 3900. 4025. 4140. 404. 474. 469. 425. 12.0 13.8 13.2 11.4 96. 97. 97. 97. 1970-Q1----Q2.... | -Q3.... .| | -Q4.... . 2413. 2488. 2572. 2668. 306. 343. 407. 414. 14.5 16.0 18.8 18.4 54. 54. 53. 53. 32. 32. 32. 32. 36. 36. 36. 36. I | | | 4319. 4462. 4662. 4799. 552. 562. 637. 659. 14.6 14.4 15.8 15.9 97. 96. 97. 96. 1971-Q1.... -Q2.... . | -Q3.... . | } -Q4.... . 2839. 2962. 3046. 3152. 427. 474i 473. 484. 17.7 19.0 18.4 18.1 54. 55. 54. 54. 33. 33. 33. 33. 37. 37. 37. 37. | I | | 4919. 5022* 5156. 5456. 600. 561. 494. 658. 13.9 12.6 10.6 13.7 94. 93. 91. 93. 1972-Q1. — . . .) -Q2.... .| -Q3.... .| -Q4.... .I 3306. 3413. 3437. 3463. 467. 451. 392. 311. 16.5 15.2 12.9 9.9 54. 55. 54. 53. 34. 34. 34. 33. 37. 36. 35. 35. | 1 I I 57466017. 6283. 6423. 828. 994.. 1127. 967. 16-8 19.8 21.9 17.7 94. 96. 98. 99. 1973-Q1.... .I -Q2.... .| -Q3.... .| -Q4--- -.| 3582. 3621. 3743. 3905. 276. 208. 306. 442. 8.3 6.1 8.9 12.8 54. 54. 54. 54. 33. 32. 31. 30. 34. 34. 34. 33. ( | i I 6838. 7106. 7336. 7892. 1092. 1089. 1052. 1469. 19.0 18.1 16.7 22.9 103. 105. 106. 110. 1974-Q1.... | -Q2.... . -Q3---- .| -Q4.... . | 4025. 4124. 4193. 4378. 443. 503. 450. 472. 12.4 13.9 12.0 12.1 54. 53. 51. 51. 30. 29. 30. 30. 33. 33. 34. 35. | | I 1 8241. 8267. 82178273. 1403. 11b2. 882. 381. 20.5 16.3 12.0 4.8 110. 106. 10096. 1975-Q1.... . ) -Q2.... .| -Q3.... -Q4.... .| 4744. 5018. 5097. 5249. 719. 894. 904871. 17.9 21.7 21.6 19.9 52. 53. 51. 51. 32. 33. 33. 33. 37. 37. 36. 36. 1 I I I 8140. 8565. 9056. 9501. -101. 297. 838. 1228. -1.2 3-6 10.2 14.8 90. 90. 91. 93. 1976-Q1.... . ( -Q2.... ,| -Q3---- . | -Q4.... 5606. 5695. 5738. 5886. 862. 677. 641. 638. 18.2 13.5 12.6 12.1 53. 53. 51. 51. 33. 33. 32. 32. 36. 35. 35. 35. I | I I 10142. 10510. 1051b. 10886- 2002. 1945. 1460. 1387. 24.6 22.7 16.1 14.6 96. 97. 94. 94. 1977-Q1.... . j -Q2---- . | . | -Q3.... -Q4.... . | 6214. 6438. 6533. 6630. 607. 743. 796. 743. 10.8 13.0 13.9 12.6 52. 52. 51. 50. 33. 33. 33. 33. 36. 36. 36. 35. I , 1 | 11234. 11323. 11557. 12164. 1092. 813. 1041. 1276. 10.8 7.7 9.9 11.7 94. 92. 91. 93. 1978-Q1.... . | -Q2.... > | -Q3.... . | -Q4---- . 1 6785. 6942. 7041. 7162. 571. 505. 508. 532. 9.2 7.8 7.8 8.0 50. 51. 51. 51. 33. 33. 32. 31- 35. 34. 34. 33. 1 | | | 12777. 13491. 13945. 14614. 1544. 2168. 2388. 2450. 13-7 19.1 20.7 20.1 95. 99. 101. 104. 1979-Q1.... > | -Q2.... | -Q3.... . J -Q4.... . | 7488. 7661. 7821. 8152. 703. 719. 779. 990. 10.4 10.4 11.1 13.8 52. 51. 51. 51. 30. 29. 29. 28. 33. 32. 32. 31. 1 | I 1 15385. 16210. 16988. 17877. 2607. 2719. 3043. 3263. 20.4 20.2 21.8 22.3 107. 109. 110. 111. 1980-Q1.... . | -Q2.... . | -Q3.... . | -Q4.... . | 8673. 9221. 9570. 9834. 1185. 15591749. 1682. 15.8 20.4 22.4 20.6 51. 52. 51. 51. 28. 29. 30. 30. 32. 33. 32. 32. | I | I 18573. 1896020068. 20955. 3188. 2750. 3080. 3079. 20.7 17.0 18.1 17.2 110. 107108. 109. 1981-Q1. .. ..| . -Q2.... . J -Q3.... . | 10209. 10422. 10485. 1536. 1201. 915. 17.7 13.0 9.6 52. 52. 51. 31. 30. 30. 32. 32. 32. I 21499. | 22071. I 22185. -1__ 2926. 3111. 2117. 15.8 16.4 10.5 109. 110. 108- * AVERAGE LOANS OUTSTANDING DURING THE PRECEDING FOUR QUARTERS (AVERAGE OF END-OF-QUARTER DATA). RENEHALS AND COLLECTIONS INCLUDE SOME NONAGRICULTURAL LOANS (SEE NOTE ON PAGE 8 . ) 17 TABLE 221.IQ FEDERAL LAND BANKS LOANS OUTSTANDING NUMBER OF LOANS AMO UNT END OF QUARTER | MILLIONS OF DOLLARS |________________________________ | END OF | CHANGE FROM PREVIOUS 1 QUARTER |_____________________ ___________ i_' _______ I QUARTER YEAR __ I ***** ***** 1964-Q1--- . 1 3406. ***** 3516. 110. -Q2--- | ***** 104. 3620. -Q3--- .1 ***** 3717. 97. -Q4-... I PERCENTAGE CHANGE FROM PREVIOUS QUARTER **** 3.2 3.0 2.7 1965-Q1--- 1 -Q2--| -Q3--- . -Q4--- .1 3889. 4057. 4171. 4280. 172. 167. 114. 109. 483. 541. 551. 563. 4.6 4.3 2.8 2.6 1966-Q1___ .1 -Q2--- . | -Q3--- | -Q4--- .1 4477. 4724. 4900. 4957. 197. 247. 176. 57. 588. 667. 729. 677. 4.6 5.5 3.7 1.2 1967-Q1--- .1 -Q2--- | -Q3--- .| -Q4--- .| 5111. 5303. 5449. 5608. 154. 192. 147. 159. 634. 579. 550. 651. 3.1 3.8 2.8 2.9 1968-Q1.- .. ..| -Q2--- .| -Q3--- .| -Q4--- .I 5793. 5973. 6064. 6125. 185. 179. 91. 62. 682. 670. 614. 517. 3.3 3.1 1.5 1.0 1969-Q1.... .| -Q2--- .| -Q3--- .| -Q4.... .| 6317. 6556. 6676. 6713. 192. 239. 120. 37. 524. 583. 612. 588. 3.1 3.8 1.8 0.6 1970-Q1•... .| -Q2-... .( -Q3--- .| -Q4--- -I 6833. 6994. 7101. 7186. 119. 161. 107. 85. 516. 438. 425. 473. 1.8 2.4 1.5 1.2 .| .| .| .1 7347. 7579. 7766. 7917. 160. 232. 188. 150. 514. 585. 665. 731. 2.2 3-2 2.5 1.9 1972-Q1.... .1 -Q2--- .| -Q3--- .1 -Q4--- .1 8139. 8426. 8749. 9092. 222. 286. 323. 343. 793. 847. 982. 1175. 2.8 3.5 3.8 3.9 .| .| .| .J 9568. 10077. 10525. 10947. 476. 510. 447. 422. 1428. 1652. 1776. 1855. 5.2 5.3 4.4 4.0 1974-Q1., . ..1 . -Q2--- .1 -Q3. . . . ..( -Q4--- .J 11467. 12176. 12877. 13456. 520. 710. 700. 580. 1899. 2099. 2352. 2509. 4.7 6.2 5.7 4.5 1975-Q1.... -| -Q2--- .1 -Q3--- .1 -Q4--- .| 14179. 14938. 15518. 16014. 723. 759. 580. 496. 2712. 2762. 2641. 2557. 5.n 5.4 3.9 3.2 1976-Q1• .•* .| -Q2--- .| -Q3--- .| -Q4--- .| 16700. 17403. 17982. 18524. 686. 703. 579. 542. 2521. 2465. 2464. 2510. 4.3 4.2 3.3 3.0 1977-Q1---Q2---Q3---Q4--- .I .| .1 .| 19331. 20190. 20874. 21466. 807. 859. 684. 593. 2631. 2787. 2891. 2942. 4.4 4.4 3.4 2.8 1978-Q1___ -Q2---Q3---Q4--- .J .1 .| .| 22234. 23131. 23939. 24668. 768. 897. 808. 729. 2903. 2940. 3065. 3202. 3.6 4.0 3.5 3.0 1979-Q1---Q2---Q3---Q4--- .| .| .1 .| 25851. 27261. 28430. 29725. 1183. 1410. 1169. 1295. 3617. 4130. 4492. 5057. 4.8 5.5 4.3 4.6 1980-Q1..•. .| 31603. -Q2--- .1 33681. -Q3--- .J 34852. -Q4--- .1 36032. 1878. 2078. 1171. 1180. 5752. 6420. 6422. 6307. 6.3 6.6 3.5 3.4 1981-Q1--- .| -Q2--- .| -Q3--- .| 1 1998. 2251. 1823. 6426. 6599. 7250. 5.5 5.9 4.5 1971-Q1---Q2---Q3---Q4--- 1973-Q1___ -Q2---Q3---Q4--- 38030. 40280. 42103. AVERAGE SIZE 1 I PERCENTAGE CHANGE 1 FROM PREVIOUS 1 1 1 | DOLLARS 1 THOUSANDS| YEAR YEAR 1 1 QUARTER 1 ___ L_ -1_1 _ _ I I **** **** **** 379.1 8985. 1 I **** **** 380. 1 0.3 9249. 1 1 **** **** 380.9 0.2 9505. 1 1 ♦*** **** 380.6 -0.1 9766. 1 1 1 1 14.2 382.3 0.4 0.8 10174. 1 1 15.4 384.3 0.5 1. 1 10556. 1 1 384.9 15.2 0.1 10835. 1.1 1 1 15.1 384.2 0.9 -0.2 11139. 1 1 i 1 15.1 386.0 0.5 1.0 11600. 1 1 389.7 1.0 1.4 16.4 12121. 1 1 17.5 391.8 0.5 1.8 12506. I J 389.7 15.8 1-4 -0.5 12718. 1 1 1 1 14.2 391.3 0.4 1.4 13061. 1 1 394.1 0.7 13457. 12.3 1.1 1 1 11.2 395.2 0.3 0.9 13789. 1 1 13. 1 395.6 0. 1 1.5 14175. 1 J 1 1 397.6 0.5 1.6 14571. 13.3 1 1 399-6 0.5 1.4 12.6 14948. 1 i 399.4 -0.0 15181. 11.3 1.1 1 1 398.3 -0.3 0.7 15377. 9.2 1 1 1 1 0.7 15774. 400.5 0.5 9.0 1 1 403.7 1.0 0.8 16238. 9.8 1 1 10.1 404.2 0.1 1.2 16519. 1 1 402.4 1.0 9.6 -0.4 16681. 1 1 1 1 403.5 0.8 16934. 8.2 0.3 1 1 6.7 404.9 0.4 0.3 17273. 1 1 17527. 6.4 405.2 0.1 0.2 1 1 0.4 17778. 7.0 404.2 -0.2 1 1 1 1 404.7 0.1 18155. 7.5 0.3 1 1 8.4 405.8 0.2 18678. 0.3 1 1 9.4 405.8 0.0 0.2 19138. 1 1 404.6 10.2 -0.3 19568. 0.1 1 1 1 J 10.8 405.1 0.1 20093. 0.1 1 1 406.5 0.2 20729. 0.3 11.2 J 1 407.4 0.4 21473. 12.6 0.2 1 1 407.6 0.8 2230414.8 0.0 1 1 1 1 1.0 23395. 17.5 409. 0 0.3 1 i 0.7 1.3 24478. 411.7 19.6 1 1 25444. 413.6 1.5 0.5 20.3 1 1 20.4 1.8 414.8 0.3 26393. 1 1 1 1 27571. 415.9 1 7 . 19.8 0.3 1 1 2.3 28902. 20.8 421.3 1.3 1 1 30197. 426.4 3.1 22.3 1.2 1 1 31349. 0.7 3.5 22.9 429.2 1 1 1 1 32711. 1.0 4.2 23.7 433.5 1 1 4.1 34061. 438.6 22.7 1.2 1 1 3.6 442.0 35112. 20.5 0.8 1 1 36166. 19.0 442.8 3.2 0.2 1 1 1 1 2.7 445.1 0.5 37522. 17.8 1 1 16.5 0.7 2.2 38832. 448.2 1 1 39924. 450.4 0.5 1.9 15.9 1 1 41088. 1.8 15.7 450.8 0.1 1 1 1 i 42684. 1.8 15.8 452.9 0.5 1 1 44273. 456.0 0.7 1.8 16.0 1 1 458.6 1.8 45519. 16.1 0.6 1 1 459.5 0.2 1.9 46714. 15.9 J 1 1 1 15.0 461.3 0.4 1.9 48193. 1 1 464.6 0.7 1.9 49787. 14.6 1 1 51104. 468.4 2.1 0.8 14.7 1 1 2.5 52355. 471.2 0.6 14.9 1 1 1 1 54304. 1.0 476.0 3.2 16.3 1 1 482.4 3.8 56510. 1.3 17.9 1 4 58171. 488.7 1.3 4.3 18.8 1 1 494. 9 1.3 5.0 60063. 20.5 1 J 1 1 62687. 5.9 504. 1 1.9 22.3 1 1 6.9 65323515.6 2-3 23.6 1 1 6.6 521.0 1.1 66892. 22.6 1 1 6.2 68525. 525.8 0.9 21.2 1 1 1 1 1 534.7 1.7 6.1 71119. 20.3 1 1 5.7 1.9 73899. 19.6 545.1 1 1 6.4 554.4 1.7 75949. 20.8 1 1 __ L _ PERCENTAGE CHANGE FROM PREVIOUS YEAR **** **** **** **** 13.2 14.1 14.0 14.1 14.0 14.8 15.4 14.2 12.6 11.0 10.3 11.5 11.6 11.1 10.1 8.5 8.3 8.6 8.8 8.5 7.4 6.4 6.1 6.6 7-2 8.1 9.2 10.1 10.7 11.0 12.2 14.0 16.4 18.1 18.5 18.3 17.8 18.1 18.7 18.8 18.6 17.8 16.3 15.4 14.7 14.0 13.7 13.6 13.8 14.0 14.0 13.7 12.9 12.5 12.3 12.1 12.7 13.5 13.8 14.7 15.4 15.6 15.0 14.1 13.4 13.1 13.5 18 FEDERAL LAND BANKS 10ANS OUTSTANDING SEASONALLY-ADJUSTED DATA TABLE 221.2Q NUMBER OF LOANS I BILLIONS OF DOLLARS END OF QUARTER QUARTER (SAAR) TEAR QUARTER (SAAR) YEAR 1964-Q1.... -Q2---Q3---Q4--- 34133490. 3609. 3746. ***** 319. 499. 583. ***** ***** ***** ***** ***** 9.3 14-3 16. 1 **** **** **** **** 1965-Q1---Q2---Q3---Q4--- 3896. 4027. 4158. 4312. 637. 551. 549. 654. 483. 537. 549. 566. 17.0 14. 1 13.6 15.7 14.2 15.4 15.2 15.1 1966-Q1___ -Q2---Q3--- Q4. ... 4485. 4690. 4883. 4988. 735. 875. 822. 436. 589. 663. 725. 676. 17.0 19.5 17.5 8.9 15.1 16.5 17.4 15.7 1967-Q1---Q2---Q3---Q4--- 5124. 5266. 5432. 5644. 566. 590. 696. 901. 639. 576. 549. 656. 11.4 11.5 13.2 16.6 14.2 12.3 11.2 13.1 1968-Q1.... -Q2---Q3---Q4--- 5807. 5933. 6045. 6162. 681. 518. 460. 482. 683. 667. 613. 517. 12.1 8.9 7.8 8.0 13.3 12.7 11.3 9.2 1969-Q1...• -Q2---Q3---Q4--- 6333. 6515. 6655. 6749. 716. 759. 579. 384. 526. 582. 611. 588. 11.6 12.0 8.9 5.8 9.1 9.8 10.1 9.5 1970-Q1___ -Q2---Q3---Q4--- 6850. 6954. 7080. 7221. 412. 427. 515. 584. 517. 439. 424. 472. 6.1 6.2 7.4 8.3 8.2 6.7 6.4 7.0 1971-Q1.... -Q2---Q3----Q4--- 7366. 7540. 7743. 7953. 595. 722. 845. 874. 516. 585. 663. 731. 8.2 9.8 11.2 11.3 7.5 8.4 9.4 10.1 1972-Q1.... -Q2---Q3---Q4--- 8160. 8386. 8722. 9131. 862. 941. 1429. 1751. 794. 846. 980. 1178. 10.8 11.5 17.0 20.1 10.8 11-2 12.7 14.8 1973-Q1.... -Q2---Q3---Q4--- 9591. 10031. 10493. 10993. 1986. 1886. 1978. 2146. 1431. 1645. 1771. 1862. 21.7 19.7 19.7 20.5 17.5 19.6 20.3 20.4 1974-Q1.... , -Q2---Q3---Q4--- 11491. 12120. 12838. 13513. 2133. 2730. 3138. 2921. 1900. 2089. 2345. 2521. 19.4 23.8 25.9 22.8 19.8 20.8 22.4 22.9 1975-Q1.... -Q2---Q3---Q4--- 14205. 14865. 15473. 16083. 2985. 2833. 2582. 2591. 2714. 2745. 2635. 2570. 22.1 19.9 17.4 16.7 23.6 22.7 20.5 19.0 1976-Q1-... -Q2---Q3---Q4--- 16724. 17312. 17935. 18608. 2721. 2477. 2628. 2851.. 2520. 2447. 2462. 2525. 16.9 14.8 15.2 15.9 17.7 16.5 15.9 15.7 1977-Q1___ - Q 2 ---Q3---Q4--- 19355. 20074. 20831. 21577. 3173. 3040. 3202. 3146. 2631. 2762. 2896. 2968. 17.1 15.7 16.0 15.1 15.7 16.0 16.1 16.0 1978-Q1___ -g2---Q3---Q4--- 22253. 22987. 23890. 24775. 2837. 3082. 3834. 3741. 2898. 2912. 3059. 3199. 13.1 13.9 16.7 15.7 15.0 14.5 14.7 14.8 1979-Q1___ ~ Q 2 ---Q3---Q4--- 25889. 27083. 28382. 29857,. 4765. 5117. 5583. 6375. 3636. 4097. 4492. 5082. 19.2 19.8 20.6 22.5 16.3 17.8 10.8 20.5 1980-QV. ... -Q2---Q3---Q4--- 31652. 33455. 34808. 36212. 7852. 7851.. 5750. 5968. 5763. 6371. 6425. 6355. 26.3 24.8 17.2 17. 1 22.3 23.5 22.6 21.3 1981-Q1___ 38089. 40005. 42057. 8112. 8262. 8862. 6437. 6551. 7250. 22.4 21.7 22.2 20.3 19.6 20.8 PERCENTAGE CHANGE FROB PREVIOUS YEAR | CHANGE FROM PBEVIOUS|_ QUARTER | 1 - Q 2 ------- Q 3 -------- AVERAGE SIZE PERCENTAGE CBANGE FROB PREVIOUS PERCENTAGE CHANGE FROB PREVIOUS QUARTER (SAAR) YEAR 379-6 379.2 380.1 381.7 ***** -0.4 0.9 1.8 **** **** *♦** **** 382.7 383.4 384.1 385.4 1.0 0.7 0.8 1.3 0.8 1.1 1.1 0.9 386.4 388.7 390.9 390.5 1.1 2.5 2.2 -0.4 1.0 1.4 1.8 1.3 391.9 393.1 394.4 396.6 1.5 1.1 1.4 2.2 1.4 1.1 0.9 1.6 398.0 398-5 398.7 399.2 1.5 0.5 0.2 0.5 1.6 1.4 1.1 0.7 400.9 402.8 403.5 403.3 1.7 1.9 0.7 -0.2 0.7 1.1 1.2 1.0 403.9 404.0 404.5 404,. 9 0.6 0.1 0.4 0.4 0.8 0.3 0.2 0.4 405.1 405.0 405.1 405. 1 0.2 -0.1 0.1 0.1 0.3 0.2 0.1 0. 1 405.6 405.8 406.6 408.1 0.4 0.2 0.8 1.4 0.1 0.2 0.4 0.7 409.5 411.1 412.8 415.2 1.4 1.6 1.6 2.3 1.0 1.3 1.5 1.7 416.5 420.8 425.5 429.6 1.3 4.1 4.6 4.0 1.7 2-3 3.1 3.5 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 434.1 438.0 441.0 443.2 4.3 3.6 2.7 2. 1 4.2 4.1 3.6 3.2 445.7 447.6 449.5 451.4 2.3 1.7 1.7 1.7 2.7 2.2 1.9 1.8 453.5 455.4 457.8 460.3 1.9 1. / 2.1 2.2 1-7 1..7 1.9 2.0 1 461-8 463.9 467.6 471.5 1.3 1.9 3.2 3.4 1-8 1.9 2.1 2-4 476.7 481.7 488.0 495.3 4.5 4.2 5.3 6.1 3-2 3.8 4.4 5.0 504.8 514.8 520.4 526.5 8.0 8.1 4.4 4.8 5.9 6.9 6.6 6.3 535.5 544.2 553.8 7.0 6-7 7.2 6.1 5.7 6.4 I I 1 1 1 1 1 1 1 1 1 1 1 1 1 I i 1 1 l 1 i 1 1 1 1 i 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 | 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 i 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 i 1 1 1 r i i i i t i i i i — L_ 8990. 920394949813. **** *♦** **** *♦** 1018010505. 10824. 11191. 13.2 14.1 14.0 14-0 11609. 12064. 12492. 12774. 14.0 14.8 15.4 14.1 13074. 13397. 13771. 14232. 12.6 11.0 10.2 11.4 14590. 14886. 15160. 15433. 11.6 11.1 10.1 8-4 15798. 16176. 16496. 16737. 8.3 8.7 8.8 8.5 16960. 17212. 17504. 17835. 7.4 6.4 6.1 6.6 18182. 18616. 1911519630. 7.2 8.2 9.2 10.1 2012020664. 21450. 22375. 10.7 11.0 12.2 14.0 23419. 24400. 25421. 26478. 16.4 18.1 18.5 18.3 27588. 28805. 30173. 31453. 17.8 18.1 18.7 18.8 32719. 33937. 35087. 36287. 18.6 17.8 16.3 15.4 37523. 38677. 39900. 41227. 14.7 14.0 13.7 13.6 42682. 44077. 45499. 46875. 13.7 14.0 14.0 13.7 48192. 49551. 51092. 52542. 12.9 12.4 12.3 12.1 54308. 56227. 58165. 60285. 12.7 13.5 13-8 14.7 62698. 64987. 66890. 68782. 15.4 15.6 15.0 14.1 71134. 73512. 75949. 13-5 13.1 13.5 TABLE 222.1Q FEDERAL LAND BANKS LOANS CLOSED AMOUNT I 1 | BILLIONS OF DOLLABS QUARTER 1 . . .- ___ ___ -... -.| CLOSED | CHANGE FBOH PREVIOUS 1 . IN 1 ,____ _l__ Q U A R T E R _1 QOABTEB _ YEAR___ 1 ****** ****** 1964—Q1-... .| ****** ****** ****** -Q2--- .J ****** ****** ****** .J ****** -Q3--****** ****** -Q4--- ,J ****** 1 ****** ****** 1965-Q1___ .j ****** ****** ****** -Q2--- .| ****** ****** ****** ****** -Q3--- . i ****** ****** -Q4--- j ****** 1 ****** ****** . | ****** 1966-Q1___ ****** ****** -Q2--- .] ****** ****** ****** -Q3--- .] ****** ****** ****** -Q4--- j ****** PERCENTAGE CHANGE FROM PREVIOUS QUARTER YEAR ***** **♦**■ ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** 1967-Q1___ .| ****** -Q2--- .J ****** -Q3..•. „ | ****** -Q4--- J ****** 1 1968-Q1--- .j ****** -Q2--- „ j ****** -Q3--- .| ****** -Q4--- j ****** 1 1969-Q1--- .| ****** -Q2--- .| ****** -Q3--- .J ****** -Q4--- J ****** ****** ****** ****** ****** ****** ****** ****** ****** ***** ***** ***** ***** ***** ***** ***** ***** ****** ****** ****** ****** ****** ****** ****** ****** ***** ***** ***** ***** ***** ***** ***** ***** ****** ****** ****** ****** ****** ****** ****** ****** ***** ***** ***** ***** ***** ***** ***** ***** 1970-Q1---Q2--- .J -Q3--- .| -Q4--- .| 272. 270. 214. 261. ****** -2. -56. 46. ****** ****** ****** ****** ***** -0.8 -20.6 21.7 ***** ***** ***** ***** 1971-Q1___ -Q2---Q3---Q4--- .| .| .| .J 379. 428. 357. 391. 118. 49. -71. 34. 107. 158. 143. 130. 45.3 13.0 -16.5 9.5 39.3 58.5 66.8 50.0 1972-Q1---Q2---Q3---Q4--- .| .| .| .J 503. 520. 557. 658. 112. 17. 38. 100. 124. 92. 200. 267. 28.6 3.3 7.3 18-0 32.8 21.5 56.0 68.2 1973-Q1.... .| -Q2--- .J -Q3--- .| -Q4--- .| 861. 835. 719. 754. 203. -26. -116. 35. 358. 316. 161. 96. 30.9 -3.0 -13.9 4.9 71.1 60.7 29.0 14.6 931. 1045. 1007. 957. 177. 114. -38. -50. 70. 210. 288. 203. 23.5 12.2 -3.7 -4.9 8.1 25.1 40.1 26.9 1975-Q1---Q2---Q3---Q4--- .| .( .| .| I .| .| .J .| 1184. 1148. 930. 957. 227. -36. -218. 27. 253. 103. -77. -1. 23.7 -3.0 -19.0 2.9 27.2 9.9 -7.6 -0.1 1976-Q1---Q2---Q3---Q4--- .| .| .| .| 1267. 1205. 1011. 1102. 311. -62. -194. 91. 83. 57. 81. 145. 32.5 -4.9 -16. 1 9.0 7.0 4.9 8.7 15.2 1977-Q1 •.. ..| -Q2--- .| -Q3--- .| -Q4--- .| 1572. 1546. 1275. 1226. 470. -27. -271. -48. 305. 340. 264. 125. 42-7 -1.7 -17.5 -3.8 24.0 28.3 26.1 11.3 1978-Q1___ -32---Q3---Q4--- .| .| .| .| 1555. 1623. 1397. 1439. 328. 68. -225. 42. -18. 77. 123. 213. 26.8 4.4 -13.9 3.0 -1.1 5.0 9.6 17.3 1979-Q1___ -Q2---Q3---Q4--- .| .| .| .( 2064. 2271. 1874. 2183. 625. 207. -397. 309. 509. 648. 476. 743. 43.4 10.0 -17.5 16.5 32.8 40.0 34.1 51.6 .| .| .| .| I 1981-Q1--- .J -Q2--- .1 -Q3--- .| 2901. 2942. 1827. 1950. 718. 41. -1115. 123. 837. 671. -47. -233. 32.9 1.4 -37.9 6.7 40.5 29.6 -2.5 -10.7 3080. 3234. 2612. 1130. 154. -622. 179. 292. 785. 58.0 5.0 -19.2 6.2 9.9 43.0 1974-Q1---Q2---Q3---Q4--- 1980-Q1___ -Q2---Q3---Q4--- _______ 1 1 1 1 NUMBER OF LOANS ! THOOSANDSI 'l 1 I 1 1 14.5 1 13.7 1 12.0 l 14.6 1 1 16.6 1 15.8 1 12.2 1 13.9 1 1 16.8 1 16.9 1 12.3 1 8.0 1 1 12.2 1 13.0 i 10.4 i 12.8 1 1 12.6 1 11.2 1 7.6 1 9.4 1 1 12. 1 1 12.0 1 7.3 1 7.0 1 1 6.9 1 8.1 ! 6.8 1 8.4 1 1 10.4 1 11.4 1 9.3 1 10.0 1 1 12.6 1 12.7 1 11.8 1 13.3 1 1 15.6 1 16.0 1 12.9 1 13.4 1 1 15.2 1 16.8 1 15.7 1 14.7 1 1 16.4 l 16.0 1 13.1 1 13.1 1 i 15.7 1 15.4 1 13.0 1 13.6 1 1 16.4 1 17.3 1 14.0 1 14.2 1 1 15.3 1 16.7 1 14.8 1 15.5 1 1 18.1 1 19.7 1 17.8 1 18.7 1 1 21.8 1 22.9 1 14.6 i 16.1 1 1 20.9 1 22.3 1 18.9 1 —L AVERAGE SIZE PEBCENTAGE CHANGE FROM PREVIOUS DOLLARS QUARTER PERCENTAGE CHANGE FROM PREVIOUS YEAR YEAR ***** -5.7 -12.0 21. 1 ***** ***** ***** ***** ******* ******* ******* ******* **** **** **** **** 13.6 -4.8 -22.6 13.8 14.3 15.3 1.4 -4.6 ******* ******* ******* ******* **** **** **** **** 20.7 1.0 -27.7 -34.5 1.3 7.5 0.4 -42.2 ******* ******* ******* ******* **** **** **** **** 52.2 6.8 -19.9 22.4 -27.1 -23.0 -14.7 59.2 ******* ******* ******* ******* **** **** **** **** -1.4 -11.2 -31.7 23. 1 3.1 -14.2 -26.9 -26.4 ******* ******* ******* ******* **** *♦** **** **** 28.8 -0.8 -39.7 -3.5 -3.9 7.4 -5.1 -25.6 ******* ******* ******* ******* **** **** **** ***♦ 27.5 -8.7 -16.8 23.2 -25.3 -32.2 -6.5 19.4 30479. 33129. 31594. 31202. **** **** **** **** 24.5 9.6 -18.9 8.3 1. 5 6. 39.9 36.4 19.9 36424. 37526. 38631. 39060. 19.5 13.3 22.3 25.2 25.6 0.6 -6.7 12.9 20.9 11.0 27.6 33.0 40007. 41078. 47242. 49404. 9.8 9 .5 . 22.3 26.5 17.4 2-1 -19.3 3.7 24..3 26.1 9.2 0.3 55084. 52353. 55804. 56432. 37.7 27.4 1, 1 8. 14.2 13.6 10.9 -6.5 -6.8 -2.9 5.5 22.2 9.8 61356. 62078. 63963. 65227. 11.4 18.6 14.6 15.6 11.7 -2.6 -18.3 0.6 8. 1 -5.1 -17.1 -10.5 72221. 71903. 71237. 72849. 17.7 15.8 11.4 11.7 19.3 -1-5 -15.8 4.8 -4.5 -3.4 -0.5 3.6 80930. 78100. 77831. 80952. 12.1 8.6 9.3 11.1 20.9 5.2 -18.8 1.1 5.0 12.1 8.2 4.4 95572. 89337. 90742. 86310. 18.1 14.4 16.6 6.6 7.8 8.9 -11.0 4.8 -6.9 -3.6 5.6 9.4 101522. 97320. 94199. 92597. 6.2 8.9 3.8 7.3 16.3 9.0 -9.7 5.4 18.1 18.2 20.0 20.6 114174. 115259. 105295. 116407. 12.5 18.4 11.8 25.7 16.5 5.1 -36.6 10.4 20.8 16.5 -18.2 -14.3 132832. 128228. 125480. 121303. 16.3 11.3 19.2 4.2 30.3 6.4 -15.0 -4.1 -2.9 30.1 147060. 145193. 137928. 10.7 13.2 9.9 TABLE 222.2Q FEDERAL LAND BANKS LOANS CLOSED SEASONALLY-ADJUSTED ANNUAL RATE AMOUNT I 1 1 MILLIONS OF DOLLARS 1 QUARTER 1 _ _ 1 i CLOSED | CHANGE FROM PREVIOUSI 1 IN 1 1 1 QUARTER 1 QUARTER YEAR 1 1 ****** ****** 1964-Q1...-.| ****** ****** ****** -Q2--- .| ****** ****** ****** -Q3--- «| ****** ****** ****** -Q4--- .j ****** 1 ****** ****** 1965-Q1___ .| ****** ****** ****** -Q2--- .| ****** ****** ****** -Q3--- .| ****** ****** ****** | ****** -Q4--1 ****** ****** 1966-Q1___ .| ****** ****** ****** -Q2--- .| ****** ****** ****** .J ****** -Q3--****** ****** -Q4--- .J ****** 1 ****** ****** 1967-Q1___ .| ****** ****** ****** -Q2--- .] ****** ****** ****** -Q3--- .j ****** j ****** ****** ****** -Q4--i ****** ****** 1968-Q1___ .j ****** ****** ****** -Q2--- .j ****** ****** ****** .i ****** -Q3--****** ****** -Q4--- ,i ****** 1 ****** ****** 196 9-Q1--- .i ****** ****** ****** -Q2--- .j ****** ****** ****** -Q3--- .j ****** ****** ****** -Q4--- i ****** NUMBER OF LOANS PERCENTAGE CHANGE FROM PREVIOUS QUARTER YEAR I | THOUSANDS! | | 1 | | AVERAGE SIZE p e r c e n t a g s ' hange c DOLLARS PERCENTAGE CHANGE FROM PREVIOUS YEAR _ FROM PREVIOUS QUARTER YEAR ***** ***** ***** ***** ***** ***** ***** ***** | 2 j | 52.5 49.4 56.0 62.8 ***** -6.0 13.4 12-2 ***** ***** ***** ***** ******* ******* ******* ******* **** **** **♦* ***♦ ***** ***** ***** ***** ***** ***** ***** ***** | j 2 ] 60.0 56.8 57.1 59.8 -4.5 -5.3 0.5 4.7 14.2 15.1 2.0 -4.8 ******* ******* ******* ******* **** **** **** **** ***** ***** ***** ***** ***** ***** ***** ***** | | | | 60.4 61-0 57.8 34.4 1.0 1.0 -5.3 -40.5 0.7 7.4 1.2 -42.5 ******* ******* ******* ******* **** *♦** **** **** ***** ***** ***** ***** ***** ***** ***** ***** j i 43.7 47.1 49.7 54.8 26.8 7.9 5.6 10.1 -27.8 -22.8 -14.0 59.1 ******* ******* ******* ******* **** **** **** **** ***** ***** ***** ***** ***** ***** ***** ***** | | | 45.3 40.4 36.5 40.1 -17.3 -10.8 -9.5 9-7 3.7 -14.3 -26.5 -26.8 ******* ******* ******* ******* **** **** **** **** ***** ***** ***** ***** ***** ***** ***** ***** 7.4 1.7 -21.3 -14.0 -4.9 8.4 -5.7 -26. 1 ******* ******* ******* ******* **** **** **** **** 2 | 2 | i j 43.0 43.8 34.5 29.6 .| .1 .| .| 981. 994. 972. 1132. ****** 14. -22. 160. ****** ****** ****** ****** ***** 1.4 -2.3 16.5 ***** ***** ***** ***** 2 2 | | 31.9 29.9 31.9 35.3 7.6 -6.2 6.5 10.9 -25.9 -31.6 -7.5 19.2 30744. 33216. 30481. 32024. **♦* **** **** **** 1971-Q1___ .| -Q2--- .| -Q3----.J -Q4--- .| 1352. 1578. 1612. 1708. 220. 226. 34. 96. 371. 584. 640. 576. 19.4 16.7 2.2 5. 9 37.9 58.7 65.9 50.9 | | | | 37.2 42.2 42.4 42.5 5.3 13.4 0.5 0.2 16.7 41.0 33.0 20.2 36333. 37385. 38014. 40193. 18.2 12.5 24.7 25.5 1972-Q1--- .| -Q2--- .J -Q3----.| -Q4--- .| 1811. 1917. 2508. 2878. 103. 106. 591. 370. 459339. 896. 1170. 6.0 5.9 30.8 14.8 33.9 21.5 55.6 68.5 | | | | 45.9 46.8 52.9 56.7 8.0 2.0 12-9 7.2 23.3 11.0 24.7 33.5 39450. 40930. 47428. 50754. 8.6 9.5 24.8 26.3 1973-Q1___ -Q2---Q3---Q4--- •I .| .| .| 3106. 3079. 3209. 3330. 228. -27. 131. 121. 1296. 1162. 702. 452. 7.9 -0.9 4.2 3.8 71.6 60.6 28.0 15.7 | | | | 57.9 59.2 56.3 57.2 2.1 2.3 -4.8 1.6 26.1 26.4 6.6 0.9 53678. 52017. 56963. 58197. 36.1 27.1 20.1 14.7 1974-Q1.... .| -Q2--- .| -Q3--- .1 -Q4--- .| 3362. 3845. 4475. 4234. 32. 483. 630. -241. 256. 766. 1265. 903. 1.0 14.4 16.4 -5.4 8.2 24.9 39.4 27.1 J | | | 57.1 62.3 68.2 62.7 -0.2 9.0 9.6 -8.1 -1.3 5.2 21.1 9.6 58858. 61730. 65567. 67487. 9.6 18.7 15.1 16.0 1975-Q1.•••.J -Q2--- .| -Q3. ....| -Q4--- .| 4300. 4203. 4145. 4234. 66. -97. -57. 89. 938. 358. -330. 1. 1.6 -2.3 -1.4 2.1 27.9 9.3 -7.4 0.0 | | | i 62.5 59.0 56.5 56.0 -0.4 -5.6 -4.2 -0.8 9.4 -5.3 -17.2 -10.7 68826. 71250. 73387. 75552. 16.9 15.4 11.9 12.0 1976— Q1.... .J -Q2--- .| -Q3--- .( -Q4--- -J 4559. 4384. 4525. 4883. 325. -176. 142. 358. 259. 181. 380. 649. 7.7 -3.9 3.2 7.9 6.0 4.3 9.2 15.3 | | | | 59.3 56.8 56.1 58.0 5.8 -4.1 -1.3 3.4 -5.1 -3.6 -0.6 3.6 76896. 77126. 80633. 84150. 11.7 8.2 9.9 11.4 .1 .J .| .| 5641. 5588. 5715. 5476. 758. -53. 127. -238. 1082. 1204. 1189. 593. 15.5 -0.9 2.3 -4.2 23.7 27.5 26.3 12.1 | | | | 62.4 63.5 60.9 60.7 7.5 1.8 -4.2 -0.3 5.2 11.8 8.5 4.6 90443. 87962. 93888. 90220. 17.6 14.0 16.4 7.2 1978-Q1___ .| -Q2--- .| -Q3--- .| -Q4--- 5617. 5844. 6327. 6457. 141. 226. 484. 130. -24. 256. 613. 981. 2.6 4.0 8.3 2. 1 -0.4 4.6 10.7 17.9 | | l | 58.4 61.0 64.5 66.4 -3.8 4.5 5.8 2.9 -6.4 -4.0 6.0 9.3 96243. 95826. 98072. 97306. 6.4 8.9 4.5 7.9 1979-Q1___ -Q2---Q3---Q4--- 7452. 8160. 8448. 9746. 995. 707. 288. 1298. 1835. 2316. 2120. 3289. 15.4 9.5 3.5 15.4 32.7 39.6 33.5 50.9 | | | | 68.8 72.0 77.4 79.9 3.7 4.7 7.4 3.2 17.9 18.1 19-9 20.4 108284. 113286. 109169. 122007. 12.5 18-2 11.3 25.4 825. -27. -2296. 413. 3119. 2384. -200. -1086. 8.5 -0.3 -21.8 5.0 41.8 29.2 -2.4 -11.1 * | | j 83.5 84.3 63.7 68.4 4.6 0.9 -24.4 7.3 21.4 17.0 -17.6 -14.4 126541. 125095. 129400126670. 16.9 10.4 18.5 3.8 2528. 424. 228. 618. 1069. 3593. 29.2 3.8 2.0 5.8 10.1 43.6 | | | 79.6 81.7 83-0 16.4 2.7 1.6 -4.7 -3.1 30.2 140578. 142117. 142686. 11.1 13.6 10.3 1970-Q1___ -Q2---Q3---Q4--- 1977-Q1___ -Q2---Q3---Q4--- 1980-Q1___ -Q2---Q3---Q4--- .| .j .| .1 .1 10571. .| 10544. .1 8248. .| 8661. 1 1981-Q1___ .| 11189. -Q2--- .| 11612. -Q3--- .| 11840. -J__________ 2 21 TABLE 222.3Q FEDERAL LAND BANKS LOANS CLOSED FOUR-QUARTER MOVING TOTAL AMOUNT I 1 | MILLIONS OF DOLLARS 1...... . ... . ... ......... .. .. 1 END OE | CHANGE FROM PREVIOUS 1 QUARTER J 1 __________ L .QUARTER __YEAR_ _ 1 ***** ***** 1964-Ql.... .| ****** ***** ***** -Q2--- „| ****** ***** ***** -Q3--- .j ****** ,j ****** ***** ***** -Q4--i .j ****** ***** ***** 1965-Q1___ ***** ***** ~ Q 2 --- .j ****** ***** ***** -Q3--- .j ****** ***** ***** -Q4--- i ****** j ***** ***** 1966-Ql--- .i ****** ***** ***** -Q2--- .j ****** ***** ***** -Q3--- .j ****** ***** ***** -Q4--- j ****** j ***** ***** 1967-Q1___ .j ****** ***** ***** -Q2--- . j ****** ***** ***** -Q3--- . j ****** ***** ***** -Q4--- j ****** YEAR ENDING— 1968-Q1---Q2---Q3---Q4---- .j .] .j ,] i 1969-Q1.... . | -Q2 ---- . j -Q3---- .j -Q4 ---- i NUMBER OF LOANS PERCENTAGE CHANGE FROM PREVIOUS QUlRTBR YEAR | 1 1 1 THOUSANDS| | 1 1 DOLLARS QUARTER PERCENTAGE CHANGE FROM PREVIOUS YEAR YEAR ***** ***** ***** ***** ***** ***** ***** ***** j | | | ***** ***** ***** 54.8 ***** ***** ***** ***** ***** ***** ***** ***** ******* ******* ******* ******* **** **** **** **** ***** ***** ***** ***** ***** ***** ***** ***** | | | | 56.8 58.9 59.1 58,4 3.8 3.7 0.3 -1.1 ***** ***** ***** 6.7 ******* ******* ******* ******* **** **** **** **** ***** ***** ***** ***** ***** ***** ***** ***** | | | | 58.6 59.8 59.8 54.0 0.4 2.0 0.1 -9.8 3.2 1.5 1.3 -7.6 ******* ******* ******* ******* **** **** **** **** ***** ***** ***** ***** ***** ***** ***** ***** | | | | 49.4 45.5 43.7 48.5 -8.4 -7.9 -4.0 10.9 -15.7 -23.8 -26.9 -10.2 ******* ******* ******* ******* **** *♦** **** **** ***** ***** | | | 48.9 47.0 44.2 40.8 0.8 -3.8 -6.0 -# .6 -1.1 ***** 3.2 1.1 -15.8 ******* ******* ******* ******* **** **** 40.3 41.2 40.8 38.4 -1.2 2.0 -0.9 -5.9 -17.5 -12.5 -7.8 -6.0 ******* **** * * * ******* **** * * * **** **** **** **** 35.2 31.3 30.8 32.2 -8.3 -11.0 -1.5 4.4 -12.8 -23.9 -24.3 -16.1 *** * * * * **** | j ******* ******* 31571. **♦* **** **** ****** ****** ****** ****** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** j ****** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** | | | ***** ***** ***** ***** | | ****** ****** ****** AVERAGE SIZE PERCENTAGE CHANGE FROM PREVIOUS j **** **** i .j .j ****** ****** .| .| ****** 1017. ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** 1971-Q1.... .1 -Q2--- .1 -Q3--- .| - C 4 --- .| 1124. 1282. 1425. 1555. 107. 158. 143. 130. ***** ***** ***** 538. 10.5 14.1 11.2 9.2 ***** ***** ***** 52.9 | j | 1 33.7 36.9 39.4 41.1 4.6 9.7 6.7 4.2 -4.3 17.9 27.7 27.5 33359. 34696. 36154. 37870. **** **** **** 20.0 1972-Q1---Q2---Q3---Q4--- .| .| .| .| 1679. 1771. 1971. 2238. 124. 92. 200. 267. 556. 490. 547. 683. 8.0 5.5 11.3 13.5 49.5 38.2 38.4 43.9 | | f | 43.2 44.5 47.0 50.3 5.3 2.9 5.7 7.0 28.4 20.5 19.4 22.6 38839. 39812. 41908. 44458. 16.4 14.7 15.9 17.4 1973-Q1---Q2---Q3---Q4--- .| .| .| .1 2596. 2912. 3073. 3169. 358. 316. 161. 96. 916. 1140. 1102. 931. 16.0 12.2 5.5 3.1 54.6 64.4 55.9 41.6 | | | I 53.4 56.7 57.8 57.8 6. 1 6.2 1.9 0.1 23.5 27.4 22.8 14.9 48616. 51350. 53181. 54802. 25.2 29.0 26.9 23.3 1974-Q1 ••...J -Q2--- . | -03--- .1 -Q4--- .| 3239. 3449. 3737. 3940. 70. 210. 288. 203. 643. 537. 664. 771. 2.2 6.5 8.3 5.4 24.8 18.5 21.6 24.3 | I | l 57.4 58.3 61.1 62.4 -0.8 1.5 4.9 2.1 7.4 2.7 5.8 7.9 56459. 59207. 61150. 63118. 16.1 15.3 15.0 15.2 .| .| .1 .I 4193. 4297. 4220. 4219. 253. 103. -77. -1. 954. 848. 483. 279. 6.4 2.5 -1.8 -0.0 29.5 24.6 12.9 7.1 | | | | 63.6 62.8 60.1 58.6 2.0 -1.4 -4.3 -2.6 10.9 7.8 -1.7 -6.2 65883. 68435. 70215. 72056. 16,7 15.6 14.8 14.2 1976-Q1--- .| -Q2--- .| - Q3 . ..1 -Q4--- .| 1 1977-Q1--- •1 -Q2--- .1 -Q3--- .| -Q4--- .| 4302. 4359. 4440. 4585. 83. 57. 81. 145. 109. 62. 220. 366. 2.0 1.3 1.9 3.3 2.6 1.4 5.2 8.7 t | | J 57.8 57.3 57.2 57.7 -1.3 -0.9 -0.1 0.8 -9.2 -8.8 -4.8 -1.5 74412. 76105. 77608. 79480. 12.9 11.2 10.5 10.3 4890. 5231. 5494. 5619. 305. 340. 264. 125. 588. 871. 1054. 1034. 6.6 7.0 5.0 2.3 13.7 20.0 23.7 22.5 | J J | 58.5 60.4 61.4 62.0 1.4 3.2 1.8 1.0 1.1 5.4 7.3 7.5 83619. 86669. 89470. 90616. 12.4 13.9 15.3 14.0 1978-Q1---Q2---Q3---Q4--- .J .| .J .| 5602. 56785801. 6014. -18. 77. 123. 213. 711. 448. 307. 395. -0.3 1.4 2.2 3.7 14.5 8.6 5.6 7.0 | | | | 60.9 60.2 61.0 62.4 -1.8 -1.0 1.3 2.2 4.1 -0.2 -0.6 0.6 92020. 94257. 95052. 96432. 10.0 8.8 6.2 6-4 1979-Q1---Q2---Q3---Q4--- .| -| .| .( 6523. 7171. 7648. 8391. 509. 648. 476. 743. 922. 1493. 1847. 2377. 8.5 9.9 6.6 9.7 16.5 26.3 31.8 39.5 | | | l 65.1 68.2 71.1 74.3 4.4 4.7 4.3 4.5 7.0 13.1 16.5 19.2 100160. 105219. 107537. 112899. 8.8 11.6 13.1 17.1 1980-Q1---Q2---C3---Q4--- .) .) .| .| 9228. 9899. 9852. 9619. 837. 671. -47. -233. 2705. 2728. 2204. 1228. 10.0 7.3 -0.5 -2.4 41.5 38.0 28.8 14.6 | | | | 78.1 81.3 78. 1 75.4 5.1 4.2 -4.0 -3.4 19.9 19.3 9.8 1.5 118179. 121721. 126165. 127555. 18.0 15.7 17.3 13.0 1981-Q1.... .I -Q2--- .| -Q3--- .1 9798. 10090. 10876. 179. 292. 785. 570. 191. 1024. 1.9 3.0 7.8 6.2 1.9 10.4 | J | 74.5 73.8 78.2 -1.2 -0.9 5.9 -4.6 -9.2 0.2 131490. 136637. 139026. 11.3 12.3 10.2 1970-Q1----Q2 ----Q3---Q4--- 1975-Q1___ -Q2---Q3---Q4--- _ 22 TABLE 223.1Q FEDERAL LAND BANKS LOANS CLOSED AND NEH HONEY LOANED QUARTER 1 1 | MILLIONS | 1 OF | I DOLLABS | 1 1964-Q1___ .j -Q2--- .j -Q3--- .j -Q4--- j 1 1965— Q1...• .| -Q2--- .J -Q3--- .J -Q4--- .j 1 1966-Q1.... .| -Q2--- .J -Q3--- „| -Q4--- ,| 1 1967-Q1.... .{ -Q2--- .| -Q3--- .J -Q4--- | 1 1968-Q1___ . | -Q2--- .J -Q3--- .j -Q4--- | 1 1969-Q1.,. ...j -Q2--- .| -Q3--- .J -Q«--- ,j LOANS CLOSED PERCENTAGE CHANGE FBOH PREVIOUS NEH HONEY LOANED I AS PERCENTAGE OF 1 MILLIONS | | OF | REPAY- 1 DOLLARS J 1 LOANS OUTMENTS 1 PERCENTAGE CHANGE FROM PREVIOUS | AS PERCENTAGE OF I | LOANS OUTREPAY- ****** ****** ****** ****** ***** ***** ***** ***** ***** ***** ***** ***** **** **** **** **** ***** ***** ***** ***** | j | j 183. 173. 161. 190. ***** -5.6 -6.8 18.3 ***** ***** ***** ***** **** 5.1 4.6 5.3 ***** 274. 283. 205. ****** ****** ****** ****** ***** ***** ***** ***** ***** ***** ***** ***** **** **** **** ♦*** ***** ***** ***** ***** | | j j 260. 237. 176. 214. 36.7 -9.0 -25.7 21.7 42.3 37.2 9.3 12.4 7.0 6.1 4.3 5.1 295. 342. 282. 204. ****** ****** ****** ****** ***** ***** ***** ***** ***** ***** ***** ***** **** **** **** **** ***** ***** ***** ***** | j | j 300. 316. 238. 158,. 40.3 5.3 -24.7 -33.8 15.4 33.6 35.3 -26.4 7.0 7. 1 5.0 3.2 292. 455. 381157. ****** ****** ****** ****** ***** ***** ***** ***** ***** ***** ***** ***** **** **** **** **** ***** ***** ***** ***** | | | | 248. 259. 214. 277. 57.2 4.6 -17.6 29.7 -17.5 -18.0 -10.3 75.9 5.0 5.1 4.0 5.1 265. 384. 319. 234. ****** ****** ****** ****** ***** ***** ***** ***** ***** ***** ***** ***** **** **** **** **** ***** ***** ***** ***** | j | | 296. 253. 163. 190. 6.7 -14.3 -35.6 16.7 19.4 -2.2 -23.7 -31.3 5.3 4.4 2.7 3. 1 267. 343. 227. 148. ****** ****** ****** ****** ***** ***** ***** ***** ***** ***** ***** ***** **** **** **** **** ***** ***** ***** ***** | | 2 J 311. 319. 194. 162. 63.5 2.6 -39.3 -16.3 5.2 26.0 16.8 -14.7 5.1 5.1 3.0 2.4 261. 396. 264. 129. 1970-Q1___ .| -Q2--- .J —Q3. ... .| -Q4--- .| 272. 270. 214. 26L. ***** -0.8 -20.6 21.7 ***** ***** ***** ***** 4.1 4.0 3.1 3.7 235. 360. 279. 200. | | | | 235. 236. 184. 215. 45.0 0.4 -22.1 17.0 -24.4 -26.0 -5.0 32.7 3.5 3.5 2.6 3.0 203. 315. 240.. 165. 1971-Ql___ .| -Q2--- -1 -Q3--- .| -Q4--- 379. 428. 357. 391. 45.3 13.0 -16.5 9.5 39.3 58.5 6 .. 8 6 50.0 5.3 5.8 4.7 5.0 276. 422. 357. 245. 1 | | | 298. 333. 288. 310. 38.2 12.0 -13.7 7.9 26.5 41.2 56.4 44.1 4.1 4.5 3.8 4.0 217. 329. 288. 194. 1972-Q1___ -Q2---Q3---Q4--- .J .| -| .| 503. 520. 557. 656. 28.6 3.3 7.3 18.0 32.8 21.5 56.0 68.2 6.4 6.4 6.6 7.5 277. 383. 459. 361. | | | | 404. 422. 445. 525. 30. 1 4.5 5.3 18.1 35.7 26.6 54.5 69.2 5.1 5.2 5.3 6.0 222311. 366. 288. 1973-Q1___ -Q2---Q3---C4--- .1 -| .| .| 861. 835. 719. 754. 30.9 -3.0 -13.9 4.9 71.1 60.7 29.0 14.6 9.5 8.7 7.1 7.2 365. 476. 474. 342. i | | | 712. 685. 599643. 35.5 -3.7 -12-6 7.3 76.2 62.3 34.8 22.4 7.8 7.2 5.9 6.1 302. 391395. 291. 1974-Q1___ .| -Q2--- .J -Q3---Q4--- .| 931. 1045. 1007. 957. 23.5 12.2 -3.7 -4.9 8.1 25.1 40.1 26.9 8.5 9.1 8.3 7.4 337. 594. 652. 428. | | I | 796. 886. 855. 803. 23.8 11.2 -3.5 -6.0 11.9 29.2 42.6 24.9 7.3 7.7 7.0 6.2 -88. 504. 553. 359. 1975-Q1--- .| -Q2----.] -Q3--- .| -Q4--- .| 1184. 1148. 930. 957. 23.7 -3.0 -19.0 2.9 27.2 9.9 -7.6 -0.1 8.8 8. 1 6.2 6.2 444. 613. 516. 335. | | | | 990. 946. 760. 782. 23.2 -4.4 -19.7 2.9 24.3 6.9 -11.1 -2.7 7.4 6.7 5.1 5.0 371. 505. 422274. 1976-Q1.... .J -Q2--- .1 -Q3--- .| -Q4----.| 1267. 1205. 1011. 1102. 32.5 -4.9 -16.1 9.0 7.0 4.9 8.7 15.2 7.9 7.2 5.8 6.1 350. 459. 438. 334. | | | | 1048. 966. 810. 872. 34.1 -7.9 -16.2 7.7 5.9 2.0 6.6 11.5 6.5 5 8 4.7 4.8 2893 68. 351. 254. 1977—Ql___ -Q2---Q3---Q4--- .1 .| .| .| 1572. 1546. 1275. 1226. 42.7 -1.7 -17.5 -3.8 24.0 28.3 26.1 11.3 8.5 8.0 6.3 5.9 336. 444. 428. 338. | | | | 1274. 1208. 981. 955. 46.1 -5.2 -18.8 -2.6 21.5 25.0 21.2 9.6 6.9 6.2 4.9 4.6 273. 347. 330. 263. 1978-Q1--- .J -Q2--- .| —Q3--- .| -Q4----.| 1555. 1623. 1397. 1439. 26.8 4.4 -13.9 3.0 -1.1 5.0 9.6 17.3 7.2 7.3 6.0 6.0 327. 433. 481. 347. | | | | 1244. 1272. 1098. 1145. 30.2 2.3 -13.6 4.2 -2.4 5.3 11.9 19.8 5.8 5.7 4.7 4.8 261339. 378. 276. 1979-Q1____.| -Q2--- .1 -Q3--- .J -Q4--- .J 2064. 2271. 1874. 2183. 43.4 10.0 -17.5 16.5 32.8 40.0 34.1 51.6 8.4 8.8 6.9 7.7 414. 590. 593. 517. | | | | 1681. 1795. 1485. 1717. 46.9 6.8 -17.3 15.6 35.2 41.1 35.2 50.0 6.8 6.9 5-4 6.0 337.. 467. 470. 407. 1980-Q1--- .1 -Q2--- .| -Q3--- .| -Q4----.j 2901. 2942. 1827. 1950. 32.9 1.4 -37.9 6.7 40.5 29.6 -2.5 -10.7 9.8 9.3 5.4 5.6 568. 945. 594. 480. | | | | 2389. 2389. 1479. 1586. 39.1 0.0 -38.1 7.2 42.1 33.1 -0.4 -7.7 8.0 7.6 4.4 4.5 468. 768. 481. 391. 1981-Q1--- .| -Q2----.1 -Q3----.| 1 3080. 3234. 2612. 58.0 5.0 -19.2 6.2 9.9 43.0 8.5 8.5 6.5 611. 870. 925. | | | 2502. 2622. 2105. 57.8 4.8 -19.7 4.7 9.8 42.3 6.9 6.9 5.2 496. 706. 746. * LOANS OUTSTANDING AT END OF PRECEDING QUARTER. 23 TABLE 223.2Q FEDERAL LAND BANKS LOANS CLOSED AND NEK HONEY LOANED SEASONALLY-ADJUSTED ANNUAL RATE QUARTER I 1 | MILLIONS | 1 OF | | DOLLARS | LOANS CLOSED QUARTER. 1 1964-Q1___ .| -Q2--- .j -Q3--- .j -Q4--- 2 i 1965-Q1___ .j -Q2--- .j -Q3--- .j -Q4--- .j i 1966-Q1___ .j -Q2--- .j -Q3--- .j -Q4--- j NEK MONEY LOANED PERCENTAGE CHANGE FROH PREVIOUS | AS PERCENTAGE OF | MILLIONS | | OF | REPAY- | DOLLARS | 1 LOANS OUT ..YEAR ___1 STANDING* RENTS 1 1 PERCENTAGE CHANGE FROH PREVIOUS QUARTER YEAR | AS PERCENTAGE OF J _ | LOANS OUTREPAY MENTS 1 STANDING* ****** ****** ****** ****** ***** ***** ***** ***** ***** ***** ***** ***** **** **** **** **** ***** ***** ***** ***** j | | | 629. 613. 761. 892. ***** -2.7 24.3 17.2 ***** ***** ***** ***** **** 18. 22. 25. ***** 201. 265. 261. ****** ****** ****** ****** ***** ***** ***** ***** ***** ***** ***** ***** **** **** **** **** ***** ***** ***** ***** | j | j 891. 836. 836. 1006. -0. 1 -6.2 0.0 20.3 41.6 36.4 9.8 12.7 24. 21. 21. 24. 306. 268. 267. 260. ****** ****** ****** ****** ***** ***** ***** ***** ***** ***** ***** ***** **** **♦* **** **** ***** ***** ***** ***** | | | | 1019. 1118. 1138. 737. 1.4 9.7 1.8 -35.2 14.4 33.8 36.1 -26.7 24. 25. 24. 15. 311. 372. 312. 234. 1967-Q1--- .| -Q2--- .2 -Q3--- .2 -Q4--- i ****** ****** ****** ****** ***** ***** ***** ***** ***** ***** ***** ***** **** **** **** **** ***** ***** ***** ***** | | | | 839. 912. 1026. 1296. 13.9 8.6 12.5 26.3 -17.6 -18.4 -9.8 75.8 17. 18. 19. 24. 284. 264. 284. 290. 1968-Q1--- .i -Q2--- .i -Q3--- .i -Q4--- 2 ****** ****** ****** ***** ***** ***** ****** * ***** ***** ***** ***** **** **** ***♦ **** ***** ***** ***** ***** | j | j 1014. 890. 787. 883. -21.8 -12.2 -11.5 12. 1 20.8 -2.4 -23.2 -31.9 18. 15. 13. 15. 280. 229. 232. 213. 1969-Q1--- .| -Q2--- .2 -Q3--- .i -Q4--- 2 ****** ****** ****** ***** ***** ***** ****** * ***** ***** ***** ***** **** **** **** **** ***** ***** ***** ***** | | | | 1054. 1127. 930. 744. 19.3 6.9 -17.5 -20.0 3.9 26.6 18.1 -15.8 17. 18. 14. 11. 287. 282. 252. 202. .1 .| .I .| 981. 994. 972. 1132. ***** 1.4 -2.3 16.5 ***** ***** ***** ***** 15. 15. 14. 16. 242. 233. 257. 279. | | | | 807. 843. 879. 972. 8.6 4.4 4.2 10.6 -23.4 -25.2 -5.5 30.7 12. 12. 13. 14. 200. 198. 233. 240. 1971—Qli... .| -Q2--- .| -Q3--- .| -Q4--- .| 1352. 1578. 1612. 1708. 19.4 16.7 2.2 5.9 37.9 58.7 65.9 50.9 19. 21. 21. 22. 305. 311. 300. 309. | | | | 1021. 1205. 1348. 1392. 5.0 18.0 11.9 3.3 26.4 42.8 53.4 43.2 14. 16. 18. 18, 230. 237. 251, 252. 1972-Q1___ -Q2---Q3---Q4--- -J .J .| .| 1811. 1917. 2508. 2878. 6.0 5.9 30.8 14.8 33.9 21.5 55.6 68.5 23. 23. 30. 33. 312. 301. 352. 413. | | | | 1409. 1540. 2058. 2329. 1.2 9.2 33.7 13.2 38. 1 27.8 52.6 67.3 18. 19. 25. 27. 243. 242. 289. 334. 1973-Q1___ .| -Q2--- .J -Q3---Q4--- .( 3106. 3079. 3209. 3330. 7.9 -0.9 4.2 3.8 71.6 60.6 28.0 15.7 34. 32. 32. 32. 463. 408. 362. 392. | { | | 2512. 2515. 2733. 2849. 7.9 0.1 8.7 4.2 78.3 63.4 32.8 22.3 28. 26. 27. 27. 375. 334. 308. 335- 1974-Q1___ .| -Q2--- .| -Q3..•. .1 -Q4--- .| 3362. 3845. 4475. 4234. 1.0 14.4 16.4 -5.4 8.2 24.9 39.4 27.1 31. 33. 37. 33. 400. 518. 454. 496. 1 | | | 2833. 3258. 3858. 3554. -0.5 15.0 18.4 -7.9 12.8 29.5 41.2 24.8 26. 28. 32. 28. 337. 439. 391. 416. .| .| .| .i 1 1976-Q1___ .| -Q2--- .| -Q3--- .J -Q4--- .| i 1977-Q1.... .| -Q2--- .J — Q3--- .| -Q4--- .| 4300. 4203. 4145. 4234. 1.6 -2.3 -1.4 2. 1 27.9 9.3 -7.4 0.0 32. 30. 28. 27. 551. 507. 416. 416. | | I | 3546. 3473. 3426. 3462. -0,2 -2.1 -1.3 1.0 25.1 6.6 -11.2 -2.6 26. 24. 23. 22. 455. 419. 344. 340. 4559. 4384. 4525. 4883. 7.7 -3.9 3.2 7.9 6.0 4.3 9.2 15.3 28. 26. 26. 27. 395. 372. 388. 414. | | J | 3718. 3528. 3657. 3875. 7.4 -5.1 3.7 6.0 4.9 1.6 6.8 11.9 23. 21. 2122- 322300. 313. 328. 5641. 5588. 5715. 5476. 15.5 -0.9 2.3 -4.2 23.7 27.5 26.3 12.1 30. 29. 28. 26. 372. 370. 406. 419. | 1 | | 4507. 4386. 4434. 4289. 16.3 -2.7 1.1 -3.3 21 .2 24.3 21.2 10.7 24. 23. 22. 21. 297. 290. 315. 328. 1978-Q1---Q2---Q3---Q4--- .J .| .J .| 5617. 5844. 6327. 6457. 2.6 4. 0 8.3 2. 1 -0.4 4.6 10.7 17.9 26. 26. 28. 27. 328. 351. 450. 393. | | | I 4421. 4597. 5020. 5184. 3.1 4.0 9.2 3.3 -1.9 4.8 13.2 20.9 20. 21. 22. 22. 258. 276. 357. 315. 1979-Q1---Q2---Q3---Q4--- .| .| .| .| 7452. 8160. 8448. 9746. 15.4 9.5 3.5 15.4 32.7 39.6 33.5 50.9 30. 32. 31. 34. 498. 479. 542. 526. | | | | 5952. 6481. 6755. 7752. 14.8 8.9 4.2 14.9 34.6 41.0 34.6 49.5 24. 25. 25. 27. 398. 380. 434. 418. 1980-Q1___ -Q2---Q3---Q4--- .1 .1 .1 .| 10571. 10544. 8248. 8661. 8.5 -0.3 -21.8 5.0 41.8 29.2 -2.4 -11.1 35. 33. 25. 25. 791. 758. 616. 579. i | | | 8515. 8603. 6751. 7115. 9.8 1.0 -21.5 5.4 43.1 32.7 -0.1 -8.2 29. 27. 20. 20. 637. 618. 504. 475. 1981-Q1--- .| -Q2--- .| -Q3--- .1 11189. 11612. 11840. 29.2 3.8 2.0 5.8 10.1 43.6 31. 30. 30. 816. | 648. | 818. | _______ l 8878. 9456. 9656. 24.8 6.5 2.1 4.3 9.9 43.0 25. 25. 24. 648. 528. 667. 1970-Q1___ -Q2---Q3---Q4--- * * * * * * * * 1975-Q1___ -Q2---Q3---Q4--- _JL * SEASONALLY-ADJUSTED LOANS OUTSTANDING AT END OF PRECEDING QUARTER. FEDERAL LAND BANKS LOANS CLOSED AND NEH HONEY LOANED FOUR-QUARTER MOVING TOTAL TABLE 223.3Q YEAR ENDING— 1964-Q1---Q2---Q3---Q4--- 1 1 1 | MILLIONS 1 OF | DOLLARS 1 1 1 .| ****** .] ****** .| ****** .| ****** i 1965-Q1--- .j -Q2--- .j -Q3--- .j -Q4.... .j ( 1966-Q1___ .i -Q2--- .j -Q3--- .j -Q4--- .] i 1967-Qi___ „ | -Q2--- . j -Q3 ------ . | -Q4 ------ . | "MILLIONS OF DOLLARS ***** ***** ****** ****** ****** ****** ***** ***** ****** ****** ****** ****** ****** ****** ****** ****** ****** ****** ***** ***** ****** ****** ****** ****** | AS PERCENTAGE OF | . I LOANS OUT PERCENT ) STANDING* 1 ****** ****** ****** ****** ****** NEH MONEY LOANED LOANS CLOSED CHANGE FROM PREVIOUS YEAR ***** ***** ***** ***** ***** ***** REPAY MENTS | CHANGE FROM | AS PERCENTAGE OF | I MILLIONS j | PREVIOUS YEAR | OF | l _ _l _I | REPAY DOLLARS j MILLIONS | I LOANS OOT| MENTS | OF PERCENT | STANDING* 1 DOLLARS l I **** **** **** **** **** **** **** **** ****** ****** ****** 707. ****** ****** ****** ****** ***** **** **** **** **** **** **** **** *♦** 784. 848. 863. 887. ****** ****** ****** 180. ***** **** **** **** **** **** **** **** **** 927. 1007. 1069. 1012. 143. 158. 205. 125. **** **** **** **** ***♦ **** **** **** 25.5 22. 23. 23. 22. 261. 276. 276. 273. 18.2 18.6 23.8 14.1 23. 24. 24. 22. 273. 297. 315. 302. ***** ***** ***** ***** ***** **** ****** ****** ***** ***** ***** ***** **** ****** ****** ****** **** **** **** **** **♦* **** 960. 902. 878. 998. 32. -104. -191. -15. 3.5 -10.3 -17.8 -1.4 20. 18. 17. 19. 295. 279. 267. 288. ****** ****** ****** ****** ****** ****** ****** ****** ***** ***** ***** ***** **** **** *♦** **** **** **** **** **** 1045. 1040. 989. 902. 86. 137. 111. -95. 9.0 15.2 12.7 -9.5 19. 19. 17. 15. 288. 281. 264. 234. ****** ****** ****** ****** ****** ****** ****** ****** ***** ***** ***** ***** **** ♦*** **** **** **** **** **** **** 918. 984. 1014. 986. -128. -56. 25. 84. -12.2 -5.4 2.6 9.3 15. 16. 16. 15. 233. 246. 252. 248. 1970-Q1------ . i -Qi ------ .] -Q3------ .j -Q4--- .| ****** ****** ****** ****** ****** ****** ****** ***** ***** ***** ***** **** **** **** **♦* **** **** 15. 256. 911. 828. 818.. 871. -7. -156. -197. -116. -0.8 -15.9 -19.4 -11.7 14. 12. 12. 13. 230. 212. 208. 219. .1 .J ,| .| 1124. 1282. 1425. 1555. ****** ****** ****** ***** ***** ***** 538. 52.9 16. 18. 20. 21. 268., 288. 304. 312. 933. 1030. 1134. 1229. 23. 203. 316. 358. 2.5 24.5 38-7 41.2 13. 14. 16. 16. 223. 231. 242. 247. 1972-Q1--- .J -Q2-... .1 -Q3--- .| -Q4--- .| 1679. 1771. 1971. 2238. 556. 490. 547. 683. 49.5 38.2 38.4 43.9 22. 23. 24. 27. 309. 307. 329. 360. 1335. 1424. 1581. 1796. 402. 394. 447. 567. 43.1 38.2 39.4 46.1 17. 18. 20. 22. 246. 247. 264. 289. 1973-Q1---Q2---Q3---Q4--- .| .| -J .| 2596. 2912. 3073. 3169. 916. 1140. 1102. 931. 54.6 64.4 55.9 41.6 30. 33. 33. 32. 385. 407. 412. 404. 2103. 2367. 2521. 2639- 768. 942. 940. 843. 57.5 66.2 59.5 47.0 24. 26. 27. 27. 312. 331. 338. 337. 1974-Q1..•. -| ~Q2. . .| -Q3--- .( -Q4--- .J 3239. 3449. 3737. 3940. 643. 537. 664. 771. 24.8 18.5 21.6 24.3 32. 32. 33. 33. 393. 418. 451. 474. 2724. 2924. 3179. 3340. 620. 557. 658. 701. 29.5 23.5 26.1 26.5 26. 27. 28. 28. 330. 354. 384. 402. 1975-Q1___ -Q2------ .| -Q3 ------ .| 4193. 4297. 4220. 4219. 954. 848. 483. 279. 29.5 24.6 12.9 7.1 34. 33. 30. 29. 511. 516. 492. 459. 3533. 35943499. 3478. 809. 670. 320. 138.. 29.7 22.9 10.1 28. 27. 25. 24. 430. 432. 408. 378. 4302. 4359. 4440. 4585. 109. 62. 220. 366. 2.6 1.4 5.2 8.7 28. 28. 27. 27. 424. 400. 389. 387. 3536. 3556. 3605. 3696. 3. -39. 106. 218.. 0.1 6 .3 23. 23. 22. 22. 348. 326. 316. 312. -Q3 ------ . | -Q4--- .| 4890* 5231. 5494. 5619. 588. 871. 1054. 1034. 13.7 20.0 23.7 22.5 28. 29. 29. 28. 379. 380. 381. 381. 3921. 4163. 4335. 441 a. 385. 608. 729. 723. 10.9 17.1 20.2 19.6 22. 23. 23. 22. 304. 303. 300. 299. 1978-Q1_____ .| -Q2------ .| -Q3 ------ .| -Q4 ------ .J 5602. 5678. 5801. 6014. 711. 448. 307. 395. 14.5 8.6 5.6 7.0 27. 27. 26. 27. 377. 376. 386. 386. 4388. 4452. 4569. 4758. 466. 289. 234. 340. 11.9 6.9 5 .4 . 7.7 21. 21. 21. 21. 296. 295. 304. 306. 1979-Q1------ .| -Q2 ------ .| -Q3------ .| -Q4 ------ .| 6523. 7171. 7648. 8391. 922. 1493. 1847. 2377. 16.5 26.3 31.8 39.5 28. 29. 30. 32. 413. 452. 474. 518. 5195. 5719. 6106. 6678. 808. 1267. 1536. 1920. 18.4 28.4 33.6 40.4 22. 23. 24. 25. 329360. 378. 412. 1980-Q1------ . | -Q2--- . ! -Q3 ------ .1 -Q4------ .| 9228. 9899. 9852. 9619. 2705. 2728. 2204. 1228. 41.5 38.0 28.8 14.6 33. 34. 32. 30. 565. 635. 635. 626. 7386. 7980. 7974. 7842. 2190. 2262. 1868. 1164. 42.2 39.5 30.6 17.4 27. 27. 26. 24. 452. 512. 514. 511. 9798. 10090. 10876. 570. 191. 1024. 6.2 1.9 10.4 29. 28. 29. 641. 635. 695. 7955. 8188. 8814. 569. 208. 840. 7.7 2.6 10.5 23. 23. 24. 520. 515. 564. i 1968-Q1------Q2 ------Q3 ------Q4------ .j .j .j ,j i 1969-Q1------ . j -Q2 ------ . j -Q3 ------ . i -Q4 ------ I j 1971-Q1---Q2---Q3---Q4--- 1017. - Q 4 ------ .| 1976-Q1--- .| -Q2 ------ . | -Q3 ------ . | -Q4 ------ . J 1 1977-Q1------ • | -Q2 ------ .| 1981-Q1------ .| -Q2--- . ( -Q3 ------ .| 4.1 - 1 .1 3.0 - J ____ ♦ AVERAGE LOANS OUTSTANDING DURING THE PRECEDING FOUR QUARTERS (AVERAGE OF END-OF-QUARTER DATA). 25 TABLE 224.1Q FEDERAL LAND BANKS REFINANCING AND REPAYMENTS REFINANCING OF FEDERAL LAND BANK LOANS I QUARTER 1 1 1 | MILLIONS | 1 OF | | DOLLARS | 1 1 1 1964-Q1___ j -Q2--- | -Q3--- .j -Q4------ | 1 1965-Q1--- . | -Q2--- . | -S3--- . | -Q4--- j i 1966-Q1___ .| -Q2--- .j -Q3--- .j - Q . ... I 4. i 1967-Q1___ . 1 -Q2--- .| -Q3--- .j -Q4--- j j 1968-Q1___ .i -Q2--- .j -Q3--- „j -Q4--- .i i 1969-Q1--- .| -Q2--- .j -Q3--- .| -Q4--- j i 1970-Q1___ .| -Q2--- .| -Q3--- . | -Q4--- . J 1 1971-Q1--- .| -Q2--- .| -Q3--- .| -C4--- .| J PERCENTAGE CHANGE FROM PREVIOUS QOARXER YEAR REPAYMENTS AS PERCENTAGE OF | | LOANS OUT| STANDING* LOANS CLOSED I REPAYMENTS AND REFINANCING MILLIONS | OF | DOLLARS | J PERCENTAGE CHANGE FROM PREVIOUS QUARTER YEAR | AS | PERCENTAGE OF 1 | LOANS OUT 1 STANDING* ***** ***** **** **** **** **** ****** 63. 57. 93. **** ***** ***** ***** **** **** **** **** ***** ***** ***** ***** **** **** **** **** ***** ***** ****** ****** ***** ***** ***** 1.9 1.6 2.6 ****** ****** ****** ***** ***** ***** ***** ***** **** **** **** **** **** **** ****** ***** **** **** **** **** **** **** 88. 69. 62. 105. -5.2 -21.4 -10.0 67.9 ***** ***** ***** 10.0 9.6 , 12.7 2.4 1.8 1.5 2.5 ****** ****** ****** ****** ***** ***** ***** ***** ***** ***** ***** ***** **** **** **** **** **** **** **** **** **** **** **** **** 103. 69. 62. 101. -1.8 -32. 5 -10.2 61.1 16.7 0.2 0.0 -4.0 2.4 1.6 1.3 2.1 ****** ****** ****** ****** ***** ***** ***** ***** ***** ***** ***** ***** **** **** **** **** **** **** **** **** **** **** **** **** 93. 67. 67. 118. -7.2 -27.8 -0-6 76.9 -9.3 -3.0 7.3 17.8 1.9 1.3 1.3 2.2 ****** ****** ****** ****** ***** ***** ***** ***** ***** ***** ***** ***** **** **** **** **** **** **** **** **** **** **** **♦* **** 111. 74. 72. 129. -6.6 -33.2 -2.9 79.3 18.5 9.7 7.2 8.7 2.0 1.3 1.2 2.1 ****** ****** ****** ****** ***** ***** ***** ***** ***** ***** ***** ***** **** **** **** **** **** **** **** **** **** **** **** **** 119. 81. 73. 125. -7.4 -32.5 -8.9 70.9 7.8 8.9 2.2 -2.6 1.9 1.3 1.1 1.9 37. 34. 30. 45. ***** -8.1 -10.4 50.0 ***** ***** ***** ***** 0.5 0.5 0.4 0.6 13. 13. 14. 17. 24. 31. 28. 26. 116. 75. 77. 130. -7.6 -35.3 2.4 70.0 -2.9 -7.0 4.5 4.0 1.7 1.1 1.1 1.8 81. 94. 70. 81. 78.9 16.5 -26.3 16.0 120.8 180.0 130.3 78.2 1.1 1.3 0.9 1.0 21. 22. 19. 21. 37. 48. 41. 34. 137. 101. 100. 160. 5.2 -26.2 -1.3 60.0 18.5 35.2 30.3 22.6 1.9 1.4 1.3 2.1 ****** ****** -9.7 63.3 1972-Q1___ -Q2---Q3---Q4--- .| .| .| .| 99. 98. 113. 133. 22.8 -1.7 15.8 17.6 22.3 3.2 62.2 64.4 1.3 1.2 1.3 1.5 20. 19. 20. 20. 35. 42. 48. 42. 182. . 136. 121. 182. 13.6 -25.3 -10.5 49.9 32.4 34.0 21.5 13.8 2.3 1.7 1.4 2.1 1973-Q1___ -Q2---Q3---Q4--- .| .| .| .| 149. 150. 120. 111. 12.4 0.5 -20.2 -7.2 50.5 53.8 6.0 -16.3 1.6 1.6 1.2 1.1 17. 18. 17. 15. 39. 46. 44. 33. 236. 175. 152. 221. 29.5 -25.6 -13.6 45.5 29-7 29.3 24.9 21.3 2.6 1.8 1.5 2.1 1974-Q1.... .1 -Q2--- .| -Q3--- .| -Q4--- .| 135. 159. 152. 154. 21.3 18.3 -4.6 1. 1 -9.7 6.3 27.2 38.6 1.2 1.4 1.3 1.2 14. 15. 1516. 33. 48. 50. 41. 277. 176. 154. 224. 25.3 -36.4 -12.1 44.7 17.3 0.2 1-8 1.2 2.5 1.5 1-3 1.7 1975-Q1--- .| -Q2---Q3--- .| '-Q4--- .| 195. 202. 170. 175. 26.5 3.7 -15.7 2.9 44.4 26.6 11.8 13.7 1.4 1.4 1. 1 1.1 16. 18. 18. 18. 42. 52. 49. 38. 267. 187. 180. 286. 19.4 -29.8 -3.8 58.6 -3.5 6.6 16.6 27.8 2.0 1.3 1.2 1.8 219. 239. 201. 230. 25.2 9.2 -15.9 14.2 12.5 18.5 18.3 31.4 1-4 1.4 1.2 1.3 17. 20. 20. 21. 38. 48. 47. 41. 362. 262. 231. 530. 26.7 -27.5 -12.1 43.0 35.7 40. 1 28.0 15.4 2.3 1.6 1-3 1.8 1977-Q1___ -C2---Q3---Q4--- .| .| .1 .| i •| .| .| .| 298* 338. 294. 271. 29.6 13.4 -13.1 -7.7 36.0 41.2 45.9 17.8 1.6 1.7 1.5 1.3 19. 22. 23. 22. 39. 49. 50. 43- 457. 348. 298. 363. 41.7 -25.5 -14.5 21.9 29. 1 32.6 29.0 10.0 2.5 1.8 1.5 1.7 1978-Q1---Q2---Q3---Q4--- .| -| .| .{ 311. 351. 299. 295. 14.7 12.8 -14.7 -1.5 4.3 3.8 1.9 8.7 1.4 1. 6 1.3 1.2 20. 22. 21. 20. 40. 48. 51. 42- 476. 375. 290. 415.. 31.2 -21.2 -22.6 43. 1 1.8 7.7 -2.5 14.4 2.2 1.7 1.3 1.7 1979-Q1---Q2---Q3---Q4--- .| .i .1 .| 383. 476. 389. 465. 30.0 24.2 -18.3 19.7 23.2 35.6 29.9 57.9 1.6 1.8 1.4 1.6 19. 21. 21. 21. 43. 55. 55. 52. 498. 385. 316. 422. 19.9 -22.8 -17.9 33-6 4.6 2.6 8.9 1.7 2.0 1.5 1.2 1.5 1980-Q1___ -Q2---Q3---Q4--- .1 .| .| .| 512. 553. 348. 364. 10.1 7.9 -37.1 4.7 33.7 16.2 -10.5 -21.8 1.7 1.7 1.0 1.0 18. 19. 19. 19. 50. 64. 53. 47. 511. 311. .308. 406. 21.0 -39.1 -1.1 31.9 2.6 -19.1 -2.6 -3.8 1.7 1.0 0.9 1.2 578. 1981-Q1--- .| -Q2--- .( 612. -Q3--- . | 507. _____ 58.9 5.8 -17.1 12.9 10.7 45.9 1.6 1.6 1.3 19. 19. 19. 53. 62. 64. 504. 372. 282. 24.2 -26.3 -24.0 -1.3 19.4 -8.3 1.4 1.0 0.7 1976-Q1---Q2---Q3---Q4--- * LOANS OUTSTANDING AT END OF PRECEDING QUARTER. "BEFINANCING OF FEDERAL LAND BANK LOANS" IS COMPUTED AS LOANS CLOSED LESS NEB MONEY LOANED. "REPAYMENTS" ABE COMPUTED AS NEB MONEY LOANED LESS THE CHANGE IN LOANS OUTSTANDING. 26 TABLE 224.2Q FEDERAL LAUD BANKS REFINANCING AND BEPAYMENTS SEASONALLY-ADJUSTED ANNUAL RATE QUARTER 1 1 1 | MILLIONS | OF | DOLLARS 1 J .| ****** .J ****** .j ****** j ****** 1 .| ****** .] ****** .i ****** j ****** i .j ****** .j ****** .j ****** I ****** REFINANCING OF FEDERAL LAND BANK LOANS PERCENTAGE CHANGE FROM PREVIOUS QUARTER YEAR | BEPAYMENTS AS PERCENTAGE OF | LOANS OUT1 STANDING* LOANS CLOSED REPAYMENTS AND REFINANCING I MILLIONS | OF | DOLLARS | 1 PERCENTAGE CHANGE FROM PREVIOUS QUARTER J AS | PERCENTAGE OF 1 YEAR | LOANS OUT _ J STANDING* ****** ****** ****** ****** ***** ***** ***** ***** **** **** **** **** **** **** **** **** **** **** **** **** ****** 304. 287342. ***** ***** -5.7 19.2 ***** ***** ***** ***** **** 8.9 8.2 9.5 ****** ****** ****** ****** ***** ***** ***** ***** **** **** **** **** **** **** **** **** **** **** **** **** 292. 312. 313. 387. -14.8 6.9 0.4 23.7 ***** 2.4 9.0 13. 1 7.8 8.0 7.8 9.3 ****** ****** ****** ****** ***** ***** ***** ***** **** **** **** **** **** **** **** **** **** **** **** **** 327. 300. 365. 316. -15.4 -8.2 21.5 -13.5 12.3 -3.6 16.7 -18.4 7.6 6.7 7.8 6.5 ****** ****** ****** ****** ****** ****** ****** ****** ***** ***** ***** ***** **** **** **** **** **** **** **** **** **** **** **** **** 296. 346. 362. 446. -6.2 17.0 4.5 23.4 -9.6 15.2 -0.9 4. 4 1. 5.9 6.8 6.9 8.2 ****** ****** ****** ****** ****** ****** ****** ****** ***** ***** ***** ***** **** **** **** **** **** **** **** ***♦ **** **** **** **** 362. 389. 340. 415. -18.9 7.4 -12.6 22.2 22.3 12.3 -6. 1 -7.0 6.4 6.7 5.7 6.9 ****** ****** ****** ****** ****** ****** ****** ****** ***** ***** ***** ***** **** *♦** **** *♦** **** **** **** **** ***♦ **** **** *♦** 367. 400. 369. 367. -11.7 9.1 -7.7 -0.4 1.3 2.9 8.5 -11.5 5.9 6.3 5.7 5.5 .| .1 -| .{ 173. 151. 93. 160. ****** -12.8 -38.4 71.8 ***** ***** ***** ***** 2.6 2.2 1.3 2.3 18. 15. 10. 14. 30. 26. 20. 28. 404. 426. 378. 405. 10.1 5.4 -11.4 7.3 10.3 6.6 2.4 10.3 6.0 6.2 5.4 5.7 1971-Q1--- .1 -Q2----.1 -Q3---- .| -Q4--- .| 331. 373. 264. 316. 107.4 12.6 -29.3 19.7 91.4 147.2 183.5 97-6 4.6 5.1 3.5 4.1 25. 24. 16. 18. 43. 42. 33. 36. 443. 508. 537. 553. 9.4 14.6 5.6 3.0 9.6 19.2 42.1 36 . 4 . 6.1 6.9 7.1 7.1 1972-Q1----.| -Q2----.| -Q3----.| -Q4----.| 401. 377. 450. 549. 27.0 -5.9 19.2 21.9 21.0 1.1 70.6 73.7 5.0 4.6 5.4 6.3 22. 20. 1819. 41. 37. 39. 44. 580. 636712. 697. 5.0 9.7 11.9 -2.1 30.9 25.2 32.6 26.0 7.3 7.8 8.5 8.0 1973-Q1____.) -Q2----.| -Q3----.| -Q4----.| 594. 564. 476. 482. 8.2 -5.1 -15.5 1.1 48.0 49.4 5.9 -12.2 6.5 5.9 4.7 4.6 19. 18. 15. 14. 47. 43. 35. 36. 671. 754. 886. 850. -3.7 12.4 17.6 -4.2 15.6 18.5 24.6 22.0 7.3 7.9 8.8 8.1 1974-Q1--- .| -Q2----.| -Q3----.| -Q4--- . | 529. 587. 617. 680. 9.8 11.0 5.1 10.2 -10.9 4.1 29.5 41.1 4.8 5.1 5.1 5.3 16. 15. 14. 16. 39. 44. 38. 44. 840. 742. 985. 854. -1.2 -11.6 32.8 -13.4 25.2 -1.6 11.2 0.5 7,6 6.5 8.1 6.6 1975-Q1___ .| -Q2--- .| -Q3----.1 -Q4--- .1 754. 730. 719. 772. 11.0 -3.2 -1.5 7.4 42.6 24.4 16.6 13.6 5.6 5.1 4.8 5.0 18. 17. 17. 18. 49. 47. 42. 43. 780. 829. 997. 1019. -8.6 6.3 20.2 2.2 -7. 1 11.7 1.2 19.3 5.8 5.8 6.7 1976-Q1____.1 -Q2--- .J -Q3--- .] -Q4--- .| 841. 856. 868. 1008. 8.9 1.8 1. 4 16.1 11.5 17.3 20.7 30.5 5.2 5. 1 5.0 5.6 18. 20. 19. 21. 42. 42. 43. 46. 1154. 1178. 1167. 1180. 13.3 2.0 -0.9 1.2 48.0 42.0 17.0 15.9 7.2 7.0 6.7 6.6 1977-Q1.... .| -Q2--- .| -Q3--- .| -Q4----.J 1134. 1202. 1281. 1187. 12.5 6.0 6.6 -7.3 34.8 40.4 47.6 17.8 6.1 6.2 6.4 5.7 20. 22. 22. 22. 43. 44. 48. 48. 1518. 1510. 1407. 1307. 28.6 -0.5 -6.8 -7.1 31.6 28.3 20.6 10.7 8.2 7.8 7.0 6.3 1978-Q1____.( -Q2--- .| -Q3--- .1 -Q4--- ,| 1196. 1246. 1308. 1274.. 0.7 4.2 4.9 -2.6 5.5 3.7 2.1 7.3 5.5 5.6 5.7 5.3 21. 21. 21. 20. 41. 43. 48. 44. 1715. 1663. 1405. 1644. 31.2 -3.0 -15.6 17.1 12-9 10.1 -0.2 25.8 7.9 7.5 6.1 6.9 1979-Q1___ .1 -Q2--- .| -Q3--- .| — Q4... ..1 1501. 16781693. 1994. 17.8 11.8 0.9 17.8 25.5 34.6 29.5 56.6 6.1 6.5 6.3 7.0 20. 21. 20. 20. 50. 50. 52. 52. 1496. 1705. 1558. 1853. -9.0 13.9 -8.6 19.0 -12.7 2-5 10.9 12.7 6.0 6.6 5.8 6.5 1980-Q1--- .J -Q2--- .i -Q3----.| -Q4--- .| 2056. 1941. 1496. 1546. 3. 1 -5.6 -22.9 3.3 37.0 15.7 -11.6 -22.5 6.9 6.1 4.5 4.4 19. 18. 18. 18. 61. 58. 53. 51. 1336. 1392. 1339. 1496. -27.9 4.2 -3.8 11.8 -10.7 -18.4 -14. 1 -19.3 4.5 4.4 4.0 4.3 1981—Q1.... .| -Q2----.| -Q3----.| 2311. 2156. 2184. 49.5 -6.7 1.3 12.4 11.1 46.0 6.4 5.7 5.5 21. 19. 18. 63. 55. 60. 1370. 1792. 1447. -8.4 30.8 -19.3 2.6 28.8 8.1 3.8 4.7 3.6 1964-Q1___ -Q2---Q3---Q4--1965-Q1___ -Q2---C3.... -Q4--1966-Q1___ -Q2---Q3---Q4--- 1967-Q1___ .| -Q2--- .J -Q3--- .j -Q4--- j i 1968-Q1--- .i - Q 2 --- .j -Q3--- .] -Q4--- i j 1969-Q1--- .j -Q2--- .| -Q3--- .j -Q4--- j 1970-Q1---Q2---Q3---Q4--- J__ * SEASONALLY-ADJUSTED LOANS OUTSTANDING AT END OF PRECEDING QUARTER. "REFINANCING OF FEDERAL LAND BANK LOANS" IS COMPUTED AS LOANS CLOSED LESS NEH MONEY LOANED. "REPAYMENTS" ARE COMPUTED AS NEH HONEY LOANED LESS THE CHANGE IN LOANS OUTSTANDING. (K 6 27 TABLE 224.3Q YEAR ENDING— FEDERAL LAND BANKS REFINANCING AND REPAYMENTS FOUR-QUARTER MOVING TOTAL 1 1 i | MILLIONS J OF | DOLLARS 1 1 1964-Q1___ . | ”Q2--- .j .] -Q3---Q4--- j 1965-Q1___ .| -Q2--- .| -Q3--- .j -Q4--- j 1 1966-Q1___ .| -Q2--- .| -Q3--- .| -Q4--- ,j 1 1967-Q1___ .| -C2--- .j -Q3--- .| -Q4--- j 1 1968-Q1___ .j -Q2--- .j -Q3--- .j -Q4--- ] i 1969-Q1___ .j -Q2--- .J -Q3--- .i -Q4--- .j i 1970-Q1___ .j ~ Q 2 --- .j -Q3--- .j -Q4--- .1 REFINANCING OF FEDERAL LAND BANK LOANS CHANGE FROM PREVIOUS YEAR MILLIONS OF DOLLARS | | PERCENT | REPAYMENTS AS PERCENTAGE OF LOANS OUT STANDING* LOANS CLOSED REPAYMENTS AND REFINANCING CHANGE FROM I MILLIONS J PREVIOUS YEAR OF 1 DOLLARS ( MILLIONS PERCENT OF 1 1 DOLLARS | AS J PERCENTAGE 1 OF 1 LOANS OUT | STANDING* i ****** ****** ****** ****** ****** ****** ****** ****** ***** ***** ***** ***** **** **** **** **** **** **** **** **** **** **** **** **** ****** ****** ****** ****** ****** ****** ****** ****** ***** ***** ***** ***** **** **** **** **** ****** ****** ****** ****** ****** ****** ****** ****** ***** ***** ***** ***** **** **** **** **** *♦** **** **** **** **** **** **** **** 301. 307. 313. 325. ****** ****** ****** ****** ***** ***** ***** ***** 8.4 8-3 8.2 8.2 ****** ****** ****** ****** ****** ****** ****** ****** ***** ***** ***** ***** **** **** **** **** **** **** **♦* **** **** **** **** **** 339. 339. 339. 335. 38. 32. 27. 11. 12.7 10.4 8.5 3.3 8.3 8.0 7.7 7.3 ****** ****** ****** ****** ****** ****** ****** ****** ***** ***** ***** ***** **** **** **** **** **** **** **** **** **** **** **** **** 326. 324. 328. 346. -14. -16. -11. 11. -4.0 -4.6 -3.3 3.3 6.8 6.6 6.5 6.7 ****** ****** ****** ****** ****** ****** ****** ****** ***** ***** ***** ***** **** **** **** **** **** **** **** **** **** **** **** **** 363370. 375. 385. 38. 46. 47. 39. 11.6 14.3 14.2 11.3 6.8 6.7 6-6 6.6 ****** ****** ****** ****** ****** ****** ****** ****** ***** ***** ***** ***** **** **** **** **** **** **** **** **** **** **** **** **** 394. 400. 402. 399. 30. 30. 27. 13. 8.3 8.2 7.2 3.5 6.6 6.5 6.4 6.2 ****** ****** ****** 146. ****** ****** ****** ****** ***** ***** ***** ***** **** **** **** 2. 1 **** **** **** 14. **** **** **** 27. 395. 389. 393. 398. 1. -11. -9. -1. 0. 3 -2.7 -2.3 -0.2 6.0 5.8 5.8 5. p 1971-Q1___ -Q2---Q3---Q4--- .| .| .| .| 190. 251. 291. 326. ****** ****** ****** 180. ***** ***** ***** 123.2 2.7 3.5 4.0 4.4 17. 20. 20. 21. 31. 36. 38. 40. 419. 446. 469. 498. 24. 56. 76. 101. 6. 1 14.4 19.4 25.3 6.0 6. z . 6.4 6.7 1972-Q1___ -Q2---03---Q4--- 344. 347. 390. 442. 154. 96. 100. 116. 80.7 38-2 34.4 35.7 4.5 4.4 4.8 5.3 20. 20. 20. 20. 39. 38. 39. 42. 543. 577. 599. 621. 124. 132. 130. 123. 29.5 29.6 27.7 24.6 7.1 7.4 7.4 7.5 1973-Q1___ -Q2---03---Q4--- .( .| .| -| i .I .| .| .| 492. 545. 552. 530. 148. 198. 161. 88. 43.1 57.0 41.3 19.8 5.7 6. 1 5.9 5.4 19. 19. 18. 17. 42. 43. 43. 40. 675. 715. 745. 784. 132. 138. 146. 163. 24-3 23-8 24.4 26.2 7.8 8.0 8.0 8.0 1974-Q1___ -02---03---Q4--- .) .| .| .| 516. 525. 558. 600. 23. -20. 6. 70. 4.7 -3.7 1.1 13.3 5.0 4.9 4.9 5.1 16. 15. 15. 15. 38. 39. 40. 42. 825. 825. 828. 830. 150. 110. 83. 47. 22.2 15.4 11. 1 6.0 8.0 7.7 7.3 7.0 1975-Q1--- .| -Q2--- .| -Q3--- .| -Q4,.,.. .( 660. 703. 721. 742. 145. 178. 163. 141. 28.1 33.9 29.3 23.5 5.3 5.3 5.2 5.1 16. 16. 17. 18. 45. 46. 46. 45. 821. 832. 858. 920. -4. 7. 30. 90. -0.5 0. 9 3. 7 10.8 6.6 6.3 6.2 6.3 1976-Q1--- .| -02--- .| -Q3---Q4--- •| 766. 804. 835. 890. 106. 101. 114. 148. 16.0 14.3 15.8 19.9 5.1 5. 1 5.1 5.2 18. 18. 19. 19. 43. 42. 42. 43. 1015. 1091. 1141. 1185. 195. 258283. 265. 23.7 31.0 33.0 28.8 6.7 6.9 7.0 7.0 1977-Q1•.. •.i -02--- .| J -Q3--- . -Q4--- .| 969. 1067. 1160. 1201. 202. 264. 325. 311. 26.4 32.8 38.S 35.0 5.5 5.8 6.1 6.1 20. 20. 21. 21. 43. 44. 45. 45. 1291. 1376. 1443. 1476. 275. 286. 302291. 27. 1 26.2 26.5 24.6 7.3 7.5 7.6 7.5 1978-Q1.... .| -02--- .| -03--- .| -04--- .| 1214. 1226. 1232. 1256. 245. 159. 72. 55. 25.3 14.9 6.2 4.6 5.9 5-8 5.6 5.5 22. 22. 21. 21. 45. 45. 45. 45. 1485. 1512. 1504. 1557. 194. 135. 61. 80. 15.0 9.8 4.2 5.4 7.3 7. 1 6.9 6.9 .| .| .| .| i 1980-Q1___ .| -Q2-... .1 -Q3--- .| -Q4--- .| 1328. 1453. 1542. 1713. 114. 226. 310. 457. 9.4 18.5 25.2 36.4 5.7 6.0 6. 1 6.5 20. 20. 20. 20. 46. 48. 49. 51. 1579. 1588. 1614. 1621. 94. 77. 110. 64. 6.3 5. 1 7.3 4. 1 6.7 6. 5 6.3 6. 1 1842. 1919. 1878. 1777. 514. 466. 336. 64. 38.7 32.1 21.8 3.7 6.6 6.6 6. 1 5.5 20. 19. 1918. 53. 55. 55. 54. 16341560. 1552. 1536. 55. -28. -62. -85. 3.5 -1.8 -3.8 -5. 3 5.9 5.3 5.0 4.7 1843. 1902. 2062. _ 1. -17. 183. 0.0 -0.9 9.8 5.4 5.3 5.5 19. 1919. 55. 5457. 1529. 1589. 1564. -105. 29. 12. -6.4 1.9 0. 8 4.5 4.5 4.2 1979-Q1---Q2---03---Q4--- 1981-Q1.....| -Q2--- .( -Q3.... .| _1 * AVERAGE LOANS OUTSTANDING DURING THE PRECEDING FOUR QUARTERS (AVERAGE OF END-OF-QUARTER DATA). "REFINANCING OF FEDERAL LAND BANK LOANS" IS COMPUTED AS LOANS CLOSED LESS NEfi MONEY LOANED. "REPAYMENTS" ARE COMPUTED AS NEH MONEY LOANED LESS THE CHANGE IN LOANS OUTSTANDING. 28 TABLE 231.1Q LIFE INSURANCE COMPANIES FARM MORTGAGES OUTSTANDING AND A C Q U IR E D 1 1 J QUARTER 1 | | 1 J 1961-Q1.... | -Q2---- | -Q3.... | -Q4--- | FARM MORTGAGES ACQUIRED FARM MORTGAGES OUTSTANDING MILLIONS OF DOLLARS | | END OF | CHANGE FROM PREVIOUS . 1 QUARTER | _ J ~ .QUARTER YEArI " PERCENTAGE CHANGE FROM PREVIOUS QUARTER YEAR MILLIONS OF DOLLARS J ACQUIRED | CHANGE FROM PREVIOUS| 1 IN 1 QUARTER 1 QUARTER YEAR 1 PERCENTAGE CHANGE FROM PREVIOUS QOARTER YEAR 3004. 3078. 3128. 3170. 21. 74. 50. 42. 148. 169. 182. 187. 0.7 2.5 1.6 1.3 5.2 5.8 6.2 6.3 156. 148. 109. 142. 40. -8. -39. 33. 3. 36. 23. 26. 34.5 -5.1 -26.4 30.3 2.0 32.1 26.7 22.4 1962-Q1___ | -Q2.... | -Q3--- | 1 -Q4--- . 1 1963-Q1.... | -Q2--- | -Q3.... | -Q4--- | 3212. 3286. 3346. 3400. 42. 74. 60. 54. 208. 208. 218. 230. 1.3 2.3 1.8 1.6 6.9 6.8 7.0 7.3 191. 156. 122. 150. 49. -35. -34. 28. 35. 8. 13. 8. 34.5 -18.3 -21.8 23.0 22.4 5.4 11.9 5.6 3464. 3592. 3713. 3792. 64. 128. 121. 79. 252. 306. 367. 392. 1.9 3.7 3.4 2.1 7.8 9.3 11.0 11.5 234. 227. 206. 199. 84. -7. -21. -7. 43. 71. 84. 49. 56.0 -3.0 -9.3 -3.4 22.5 45.5 68.9 32.7 1964-Q1___ -Q2---Q3.... -Q4--- | | | | 1 . | | | | 39214086. 4197. 4304. 129. 165. 111. 107. 457. 494. 484. 512. 3.4 4.2 2.7 2.5 13.2 13.8 13.0 13.5 324. 273. 205. 245. 125. -51. -68. 40. 90. 46. -1. 46. 62.8 -15.7 -24.9 19.5 38.5 20.3 -0.5 23.1 4425. 4583. 4686. 4823. 121. 158. 103. 137. 504. 497. 489. 519. 2.8 3.6 2.2 2.9 12.9 12.2 11.7 12.1 382. 294. 203. 270. 137. -88. -91. 67. 58. 21. -2. 25. 55.9 -23.0 -31.0 33.0 17.9 7.7 -1.0 10.2 1966-Q1.... | -Q2--- | "Q3--- | -Q4--- . | 4968. 5165. 5227. 5240. 145. 197. 62. 13. 543. 582. 541. 417. 3.0 4.0 1.2 0.2 12.3 12.7 11.5 8.6 388. 322. 146. 138- 118. -66. -176. -8. 6. 28. -57. -132. 43.7 -17.0 -54.7 -5.5 1.6 9.5 -28.1 -48.9 | 1967-Q1___ . “Q2.... | -Q3--- , j -Q4--- | 5274. 5377. 5463. 5569. 34. 103. 86. 106. 306. 212. 236. 329. 0.6 2.0 1.6 1.9 6.2 4.1 4.5 6.3 219. 205. 174. 239. 81. -14. -31. 65. -169. -117. 28. 101. 58.7 -6.4 -15-1 37.4 -43.6 -36.3 19.2 73.2 1968-Q1___ | -Q2--- . 1 -Q3--- J -Q4--- . 1 5634. 5731. 5776. 5803. 65. 97. 45. 27. 360. 354. 313. 234. 1.2 1.7 0.8 0.5 6.8 6.6 5.7 4.2 279. 200. 138. 155. 40. -79. -62. 17. 60. -5. -36. -84. 16.7 -28.3 -31.0 12.3 27.4 -2.4 -20.7 -35.1 | 1969-Q1___ , -Q2--- | -Q3.... ,| -Q4---- ,| 5785. 5849. 5865. 5773. -18. 64. 16. -92. 151. 118. 89. -30. -0.3 1. 1 0.3 -1.6 2.7 2.1 1.5 -0.5 196. 17896. 70. 41. -18. -82. -26. -83. -22. -42. -85. 26.5 -9.2 -46.1 -27.1 -29,. 7 -11.0 -30.4 -54.8 1 1970-Q1...., | -Q2.... , -Q3.... .| -Q4.... .| 5675. 5670. 5667. 5649. -98. -5. -3. -18. -110. -179. -198. -124. -1.7 -0. 1 -0. 1 -0.3 -1.9 -3.1 -3.4 -2.1 80. 78. 68. 88. 10. -2. -10. 20. -116. -100. -28. 18. 14.3 -2.5 -12.8 29.4 -59.2 -56.2 -29.2 25-7 1971-Q1.... -Q2---- .1 | -Q3----. -Q4.... .| 5545. 5564. 5594. 5601. -104. 19. 30. 7. -130. -106. -73. -48. -1.8 0.3 0.5 0.1 -2.3 -1.9 -1.3 -0.8 92. 137. 127. 147. 4. 45. -10. 20. 12. 59. 59. 59. 4.5 48.9 -7.3 15.7 15.0 75.6 66.8 67.0 | 1972-Q1....., -Q2----.| -Q3.... ,| -Q4----. | 5535. 5582. 5617. 5678. -66. 47. 35. 61. -10. 18. 23. 77. -1.2 0.8 0.6 1.1 -0.2 0.3 0.4 1.4 159. 179. 155. 207. 12. 20. -24. 52. 67. 42. 28. 60- 8.2 12.6 -13.4 33.5 72.8 30.7 22.0 40-8 1973-Q1____. 1 | - Q 2 .... . -Q3----> 1 -Q4---- . 1 5643. 5737. 5867. 5996. -35. 94. 130. 129. 108. 155. 250. 318. -0.6 1.7 2.3 2.2 2.0 2.8 4.5 5.6 223. 247. 247. 289. 16. 24. 0. 42. 64. 68. 92. 82. 7.7 10.8 0.0 17.0 40.3 38.0 59.4 39.6 1974-Q1...... } -Q2.... .| -Q3---- .| -Q4----.J 5999. 6128. 6247. 6327. 3. 129. 119. 80. 356. 391. 380. 331. 0. 1 2.2 1.9 1.3 6.3 6.8 6.5 5.5 277. 284. 224. 222. -12. 7. -60. -2. 54. 37. -23. -67. -4.2 2.5 -21. 1 -0.9 24.2 15.0 -9.3 -23.2 1 1975-Q1____. -Q2----. J -Q3----. | -Q4----. 1 6428. 6573. 6631. 6753. 101. 145. 58. 122. 429. 445. 384. 426. 1.6 2.3 0.9 1.8 7.2 7.3 6.1 6.7 363. 270. 170. 272. 141. -93. -100. 102. 86. -14. -54. 50. 63.5 -25.6 -37.0 60.0 31.0 -4.9 -24.1 22.5 1976-Q1..... 1 -Q2.... .| -Q3. ... . .| 1 -Q4..... 6815. 7005. 7184. 7425. 62. 190. 179. 241. 387. 432. 553. 672. 0.9 2.8 2.6 3.4 6.0 6.6 8-3 10.0 352. 384. 367. 437. 80. 32. -17. 70. -11. 114. 197. 165. 29.4 9. 1 -4.4 19.1 -3.0 42.2 115.9 60.7 1977-Q1......J -Q2----.i -Q3.....| -Q4----. | 7640. 8139. 8475. 8842. 215. 499. 336. 367. 825. 1134. 1291. 1417. 2.9 6.5 4. 1 4.3 12.1 16.2 18.0 19. 1 549. 748565. 598. 112. 199. -183. 33. 197. 364. 198. 161. 25.6 36.2 -24.5 5.8 56.0 94.8 54.0 36.8 1978-Q1____ | -Q2----. -Q3---- .| -Q4*---.| 9205. 9712. 10116. 10499. 363. 507. 404. 383. 1565. 1573. 1641. 1657. 4.1 5.5 4.2 3.8 20.5 19.3 19.4 18.7 692. 799. 640617. 94. 107. -159. -23. 143. 51. 75. 19. 15.7 15.5 -19.9 -3.6 26.0 6.8 13.3 3.2 1979-Q1____ -Q2----.| -Q3----.| -Q4----.| 10927. 11480. 11864. 12180. 426. 553. 384. 316. 1722. 1768. 1748. 1681. 4. 1 5.1 3.3 2.7 18.7 18.2 17.3 16.0 840. 878. 576. 585- 223. 38. -302. 9- 14879. -64. -32. 36.1 4.5 -34.4 1.6 21.4 9.9 -10.0 -5.2 1980-Q1____.| -Q2----.| -Q3--- .| -Q4----.| 12433. 12743. 12818. 12958. 253. 310. 75. 140. 1506,. 1263. 954. 778. 2.1 2.5 0.6 1.1 13.8 11.0 8.0 6.4 614. 523. 190. 340. 29. -91. -333. 150. -226. -355. -386. -245. 5.0 -14.8 -63.7 78.9 -26.9 -40.4 -67.0 -41.9 8. 66. 104. 533. 289. 318. 0.1 0.5 0.8 4.3 2.3 2.5 401. 305. 306. 61. -96. -213. -218. 116. 17.9 -23.9 0.3 -34.7 -41.7 61.1 1965-Q1___ -Q2---Q3---Q4--- 1981-Q1____.1 12966. -Q2--- .| 13032. -Q3----.J 13136. J ___________ 1 . LIFE INSURANCE COMPANIES FARM MORTGAGED OUTSTANDING AND ACQUIRED SE A T ' ALLY-ADJUSTED DATA TABLE 231.2Q I 1 | QUARTER 1 1 | | 1 i 1961-Q1___ | "Q2--- | | -03--- > “Q4.... | FARM MORTGAGES OUTSTANDING MILLIONS OF DOLLARS | 1 CHANGE FROM PREVIOUS! END OF I QUARTER YEAR | QUARTER l (SAAR) ... ... 1 FARM MORTGAGES ACQUIRED PERCENTAGE CHANGE FROM PREVIOUS .. . . QUARTER (SAAR) YEAR MILLIONS OF DOLLARS ACQUIRED IN QUARTER I JSAAR) | 1 | CHANGE FROM PREVIOUS! | ( ! 1 YEAR | | QUARTER | | 1 1 PERCENTAGE CHANGE FROM PREVIOUS QUARTER YEAR 3014. 3068. 3120. 3171. 123. 222. 214. 206. 150. 168. 180. 187. 4.1 7.3 7.0 6.6 5.2 5-8 6.1 6.3 487. 573.. 560. 639. -99. 444. -52. 391. 15. 134. 119. 125. -19.2 91.2 -9.1 69.9 3.3 30.4 27.1 24.3 1962-Q1___ . | -Q2--- | -Q3--- | -Q4--- | 3224. 3274. 3337. 3402. 219. 203. 260. 267. 210. 205. 216. 231. 6.9 6.3 7.9 8.0 7.0 6.7 6.9 7.3 605. 588. 624. 684. -126. -64. 156. 277. 117. 15. 64. 45. -19.7 -10.6 26.6 44.4 24.1 2.6 11.5 7.0 1963-Q1---Q2.... -03---Q4--- | | | 1 3477. 3576. 3702. 3795. 314. 411. 534. 383. 253. 302. 366. 393. 9.2 11.8 14.9 10.3 7.9 9.2 11.0 11.6 736. 844. 1063. 901. 235. 535. 1279. -515. 131. 256. 439. 217. 34.4 72.7 151.6 -48.5 21.7 43.5 70.4 31.7 | | | | t 1965-Q1___ . | -Q2.... | -Q3--- . ( -Q4--- | I 1966-Q1___ i -Q2--- | -Q3--- | -Q4--- , | 3936. 4065. 4185. 4306. 597. 543. 504. 505. 458. 489. 483. 512. 15.7 13.8 12.4 12. 1 13.2 13.7 13.0 13.5 1028. 1002. 1078. 1110. 627. -101. 345. 133. 291. 158. 15. 210. 69.6 -9.8 34.4 12.3 39.6 18-7 1.5 23.3 4440. 4558. 4673. 4823. 561. 489. 480. 628. 505. 493. 488. 517. 13.0 11.0 10.5 13.4 12.8 12.1 11.7 12.0 1183. 1076. 1082. 1177. 322. -373. 23. 434. 155. 75. 4. 67. 29.0 -31.6 2. 1 40.1 15.1 7.5 0.3 6.0 4984. 5137. 5213. 5236. 679. 640.. 308. 95. 544. 580. 539. 413. 14.1 12.8 6.0 1.8 12.3 12.7 11.5 8.6 1224. 1164. 779. 634. 198. -221. -931. -437. 40. 88. -303.. ' -543. 16.8 -18.0 -80.0 -56.1 3.4 8.2 -28.0 -46.2 1967-Q1___ -Q2---Q3---Q4--- 5292. 5352. 5446. 5560. 228. 242. 388. 469. 308. 215. 234. 324. 4.4 4.6 7.2 8.6 6.2 4.2 4.5 6.2 713. 749. 919. 1014. 383. 154. 951. 442. -510. -415. 141. 380. 60.5 21.6 126.9 48. 1 -41.7 -35.7 18.1 60.0 1968-Ql--- | | -Q2--- . -Q3--- .| -Q4--- .1 i 1969-Q1--- .| -Q2----.| -Q3----.| — Q4--- .| 5656. 5711. 5756. 5787. 395. 222. 182. 126. 364. 359. 310. 227. 7. 1 3.9 3.2 2.2 6.9 6.7 5.7 4.1 938. 722. 708. 638. -271. -610. -53. -242. 225. -27. -211. -376. -26.7 -65.0 -7.3 -34.1 31.6 -3.6 -23.0 -37.1 5811. 5836. 5842. 5751. 97. 99. 25. -355. 155. 125. 86. -36. 1.7 1.7 0.4 -6.1 2.7 2.2 1.5 -0.6 675. 648. 469. 306. 159. -100. -471. -383. -264. -74. -240. -332. 24.9 -14.9 -72.7 -81.7 -28.1 -10.2 -33.8 -52.0 1970-Q1____.| -Q2----.| -Q3--- .| -Q4--- .| 5704. 5663. 5643. 5623. -185. -161. -80. -83. -107. -172. -199. -129. -3.2 -2.8 -1.4 -1.5 -1.8 -3.0 -3.4 -2.2 294. 282. 337. 368. -45. -46. 290. 144. -380. -366. -132. 62. -14.8 -15.7 102.9 42.8 -56.4 -56.5 -28.2 20.1 1971-Q1____.| -Q2--- .| -03--- .| —Q4--- .| 5576. 5561. 5571. 5572. -184. -59. 37. 6. -128. -102. -73. -51. -3.3 -1.0 0.7 0. 1 -2.2 -1.8 -1.3 -0.9 335. 499. 589. 612. -115. 1315. 470. 98. 41. 217. 253. 244. -31.3 392.5 94.3 16.7 13.8 76.9 75.0 66.4 1972-Q1____.| -Q2--- .1 -Q3--- .| -Q4--- .J 1 1973-Q1--- .J -Q2--- .| -03--- .| -Q4--- .| 5567. 5580. 5594. 5648. -19. 52. 57. 216. -9. 19. 24. 76. -0.3 0.9 1.0 3.9 -0.2 0.3 0.4 1.4 572. 653. 713. 833. -145. 398. 273. 615. 237. 154. 123. 220. -23.7 69.5 41.7 86.3 70.9 30.9 21.0 36.0 5675. 5733. 5845. 5966. 111. 235. 461. 497. 108. 153. 251. 318. 2.0 4. 1 8.0 8.5 1.9 2.7 4.5 5.6 835. 906. 1146. 1233. 12. 319. 1414. 388. 263. 253. 433. 400. 1.4 38.2 156. 1 33.9 46.0 38.7 60.8 48.1 1974-Q1---Q2---Q3---Q4--- 1964-Q1---Q2---Q3.... -Q4--- | i .1 .| .J .J 1 1975-Q1___ .| -Q2--- .| *03--- .| — Q4--- .| 1 1976-Q1___ .1 -Q2--- .J -Q3--- .| -Q4.... .J 6033. 6119. 6225. 6298. 272. 353. 434. 300. 357. 386. 380. 333. 4.6 5.9 7. 1 4. 8 6.3 6.7 6.5 5.6 1026. 1037. 1035. 956. -642. 44. -8. -280. 190. 131. -111. -277. -52.1 4.3 -0.8 -27. 1 22.8 14.4 -9.7 -22.4 6463. 6557. 6608. 6728. 683. 384. 207. 494. 430. 438. 383. 430. 10.8 5.9 3.2 7.5 7.1 7.2 6.2 6.8 1394. 969. 800. 1088. 3368. -1069. -519. 1936. 369. -68. -235. 132. 352.3 -76.7 -53.6 242. 1 35.9 -6.5 -22.7 13.8 6851. 6979. 7159. 7402. 505. 529. 746. 1025. 388. 423. 551. 674. 7.5 7.7 10.7 14.3 6.0 6.4 8.3 10.0 1325. 1364. 1731. 1778. 1305. 162. 2175. 198. -70. 394. 931. 690. 120.0 12.2 159.5 11.5 -5.0 40.7 116.4 63.5 1977-Q1--- .J -Q2--- •| -Q3----.J -Q4--- .| 7678. 8101. 8448. 8824. 1167. 1835. 1479. 1607. 828. 1122. 1289. 1421. 15.8 23.9 18.3 19.0 12. 1 16. 1 18.0 19.2 2058. 2592. 2693. 2447. 1415. 3118426. -856. 734. 1229. 962. 669. 79.6 151.5 16.4 -31.8 55.4 90.1 55.6 37.6 1978-Q1____.J -Q2--- .1 -Q3--- .| -Q4----.| 9247. 9658. 10079. 10471. 1821. 1755. 1797. 1659. 1569. 1557. 1631. 1647. 20.6 19.0 18.6 16.5 20.4 19.2 19.3 18.7 2634. 2723. 3093. 2665. 839. 373. 1810. -1388. 576. 131. 401. 218. 34.3 14.2 66.5 -44.9 28.0 5.1 14.9 8.9 1979-Q1--- .| -Q2... ...| -Q3--- .1 -Q4---- .| 10982. 11412. 11822. 12150. 2201. 1822. 1730. 1368. 1735. 1754. 1743. 1679. 21.0 16.6 15.2 11.6 18.8 18.2 17.3 16.0 3178. 2937. 2807. 2616. 2723. -861. -485. -691. 544. 214. -286. -50. 102.2 -27. 1 -16.5 -24.6 20.6 7.8 -9.2 -1.9 1980-Q1.... .| -Q2--- .| -03----.) -04--- .| 12495. 12664. 12776. 12934. 1439. 692. 454. 644. 1513. 1252. 955. 784. 11.8 5.5 3.6 5.0 13.8 11.0 8. 1 6.5 2410. 1761. 933. 1410. -730. -1723. -1623. 3934. -768. -1175. -1875. -1206. -27.9 -71.5 -92.1 421.8 -24.2 -40.0 -66.8 -46.1 1981-Q1___ .J -Q2___ ,| -Q3--- .| i 13029. 12951. 13095. 383. -310. 587. 534. 287. 319. 3.0 -2.4 4.-5 4.3 2.3 2.5 1610. 1030. 1553. 991. -1341. 4305. -800.. -732. 621. 70.3 -83.3 418-1 -33-. 2 -41.5 66.5 30 T A B L E 2 3 1 . 3Q L I F E INSU R A N C E C O M P A N I E S F ARM M O R T G A G E S A C Q U I R E D F O U R - Q U A R T E R MOVING TOTAL YEAR ENDING— 1 1 M ILLIONS OF I DOLLARS 1 1 1 | | | 1 CH A N G E FROM P R EVIOUS YEAR M I LLIONS OF _emm. PERCENT I i AS P E R C E N T A G E OF O U T S T ANDING | MORTGA G E S * COMM I T M E N T S * j 1961-Q1.... -Q2.... -Q3.... -Q4.... | 1 I | 470. 506. 529. 555. -25. 34. 66. 88. -5.1 7.2 14.3 18.8 16. 17. 18. 18. 639. 664. 668. 651. 1962-Q1.... -Q2----Q3.... -Q4--- | I i I 590.. 598. 611. 619. 120. 92. 82. 64. 25.5 18.2 15.5 11.5 19. 19. 19. 19. 647. 628. 617. 610. 1963-Q1.... -Q2.... -Q3---Q4.... | | I ( 662. 733. 817. 866. 72. 135. 206. 247. 12.2 22.6 33.7 39.9 20. 22. 24. 24. 623. 639. 662. 655. 1964-Q1.... -Q2.... -Q3..... -Q4.... i | | J 956. 1002. 1001. 1047. 294. 269. 184. 181. 44.4 36.7 22.5 20.9 26. 27. 26. 26. 636. 616. 576. 549. 1965-Q1.... -Q2.... -Q3.... -Q4.... ( | | | 1105. 1126. 1124. 1149. 149. 124. 123. 102. 15.6 12.4 12.3 9.7 27. 26. 26. 26. 548. 537. 520. 515. 1966-Q1.... -Q2.... -Q3.... -Q4.... | | | | 1155. 1183. 1126. 994. 50. 57. 2. -155. 4.5 5.1 0.2 -13.5 25. 25. 23. 20. 497.. 476. 454. 425. 1967-Q1.... ~Q2.... -Q3.... -Q4.... 1 | | | 825. 708. 736. 83 7. -330. -475. -390. -157. -28.6 -40.2 -34.6 -15.8 16. 14. 14. 16. 391. 389. 417. 453. 1968-Q1.... -Q2.*---Q3.... -Q4.... | 1 | | 897. 892. 856. 772. 72. 184. 120. -65. 8.7 26.0 16.3 -7.8 17. 16. 15. 14. 456. 427. 396. 376. 1969-Q1.... | ~Q 2 m mmmm | -Q3.... | -Q4.... | 689. 667. 625. 540. -208. -225. -231. -232. -23.S -25.2 -27.0 -30.1 12. 12. 11. 9. 355. 353. 353. 300. 1970-Q1.... \ -Q2. -- | -Q3.... | -Q4.... | 424. 324. 296. 314. -265. -343. -329. -226. -38.5 -51.4 -52.6 -41.9 7. 6. 5. 6. 235. 185. 168. 188. 1971-Q1.... | -Q2.... -C3.... ,| -Q4..... | 326. 385. 444. 503. -98. 61. 148. 189. -23.1 18.8 50.0 60.2 6. 8. 9. 213. 258. 290. 303. 1972-Q1.... ,| -Q2.... , J | -Q3.... . -Q4.... | 570. 612. 640. 700. 244. 227. 196. 197. 74.8 59.0 44.1 39.2 10. 11. 11. 13. 299. 273. 247. 239. 1973-Q1.... 1 | -C2.... > -Q3.... | -Q4---- J 764. 832. 924. 1006. 194. 220. 284. 306. 34.0 35.9 44.4 43.7 14. 15. 16. 18. 242. 243. 242. 240. | 1974-Q1 . . . . . . , -Q2.... | | -Q3---- , -Q4.... 1 1060. 1097. 1074. 1007. 296. 265. 150. 1. 38.7 31.9 16.2 0.1 18. 19. 18. 17. 235. 228. 205. 179. J 1975-Q1.... , | -Q2.... , -Q3.... 1 -Q4.... 1093. 1079. 1025. 1075. 33. -18. -49. 68. 3.1 -1.6 -4.6 6.8 18. 17. 16. 17. 185. 187. 198. 230. | 1976-Q1.... , | -Q2.... , | -Q3.... , -Q4.... | 1064. 1178. 1375. 1540. -29. 350. 465. -2.7 9.2 34.1 43.3 16. 18. 20. 22. 242. 265. 295. 316. 1977-Q1.... -Q2----Q3.... -Q4.... | | | J 1737. 2101. 2299. 2460. 673. 923. 924. 920. 63.3 78.4 67.2 59.7 24. 29. 30. 31. 340. 388. 392. 383. 1978-Q1.... -Q2.... -Q3.... -Q4.... | 1 | | 2603. 2654. 2729. 2748. 866. 553. 430. 288. 49.9 26.3 18.7 11.7 31. 31. 30. 29. 374. 353. 340. 330. 1979-Q1 ..| . -Q2.... | -Q3.... | -Q4---- i 2896. 2975. 2911. 2879. 293. 321. 182. 131. 11.3 12.1 6.7 4.8 29. 29. 27. 26. 334. 341. 327. 315. 1980-Q1.... "Q2.... -Q3.... -Q4.... | | 1 | 2653. 2298. 1912. 1667. -243. -677. -1212. -8.4 -22.8 -34.3 -42.1 23. 19. 16. 13. 284. 259. 253. 255. 1981-Q1.... | -Q2.... I -Q3.... | 1454. 1236. 1352. -1199. -1062. -560. -45.2 -46.2 -29.3 11. 10. 10. 264. 245. 261. 99. -999. 7. * AVERAGE AMOUNT OUTSTANDING DURING THE PRECEDING FOUR QUARTERS (AVERAGE OF £ND-OF**QDARIEB DAT*) 31 TABLE 232.IQ LIFE INSURANCE COMPANIES FARM MORTGAGE COMMITMENTS— OUTSTANDING AND NEN QUARTER 1 1 1 1 » 1 | l OUTSTANDING FARE MORTGAGE COMMITMENTS MILLIONS OF DOLLARS NEN FARM MORTGAGE COMMITMENTS PERCENTAGE CHANGE FROM PREVIOUS CHANGE FROM PREVIOUS END OF QUARTER ____ L _ _ m m s , - YEAR | 1 QUARTER YEAR MADE IN | QUARTER ..... MILLIONS OF DOLLARS | PERCENTAGE CHANGE | 1 | FROM PREVIOUS | CHANGE FROM PREVIOUS|I | 1 1 QUARTER | YEAR YEAR I L I 1 QUARTER 1961-Q1___ -Q2---Q3---Q4--- 80. 76. 96. 113. -9. -4. 20. 17. 11. 12. 24. 24. -10. 1 -5.0 26.3 17.7 15.9 18.8 33.3 27.0 | | | | 105. 97. 99. 116. 7. -8. 2, 17. 16. 24, 30. 18, 7.1 -7.6 2. 1 17.2 18.0 32.9 43.5 18.4 1962-Q1___ •1 -Q2--- *1 -Q3---Q4.-,. 96. 91. 106. 132. -17. -5. 15. 26. 16. 15. 10. 19. -15.0 -5.2 16.5 24.5 20.0 19.7 10.4 16.8 | | | | 119, 101. 106. 133. 3. -18. 5. 27. 14. 4. 7. 17. 2.6 -15. 1 5.0 25.5 13.3 4.1 7.1 14.7 1963-Q1___ -Q2--- •1 -Q3---Q4--- 130. 126. 141. 204. -2. -4. 15. 63. 34. 35. 35. 72. -1.5 -3.1 11.9 44.7 35.4 38.5 33.0 54.5 | | J | 162. 153. 135. 208. 29. -9. -18. 73. 43. 52. 29. 75. 21.8 -5.6 -11.8 54. 1 36.1 51.5 27.4 56.4 1964-Q1___ -Q2---Q3---Q4--- 180. 170. 209. 247. -24. -10. 39. 38. 50. 44. 68. 43. -11.8 -5.6 22.9 18.2 38.5 34.9 48.2 21.1 | | | | 200. 183. 196. 212. -8. -17. 13. 16. 38. 30. 61. 4. -3.8 -8.5 7.1 8.2 23.5 19.6 45.2 1.9 1965-Q1___ • 1 -Q2---Q3---Q4--- 213. 195. 237. 284. -34. -18. 42. 47. 33. 25. 28. 37. -13.8 -8.5 21.5 19.8 18.3 14.7 13.4 15.0 | l | | 227. 180. 185. 252. 15. -47. 5. 67. 27. -3. -11. 40. 7.1 -20.7 2.8 36.2 13.5 -1.6 -5.6 18.9 1966-Q1.... ”Q2., . . -Q3---Q4--- 278. 194. 180. 192. -6. -84. -14. 12. 65. -1. -57. -92. -2.1 -30.2 -7.2 6.7 30.5 -0.5 -24.1 -32.4 | | | | 264. 149. 96. 107. 12. -115. -53. 11. 37. -31. -89. -145. 4.8 -43.6 -35.6 11.5 16.3 -17.2 -48.1 -57.5 162. 172. 213. 240. -30. 10. 41. 27. -116. -22. 33. 48. -15.6 6.2 23.8 12.7 -41.7 -11.3 18.3 25.0 | i | | 131. 148. 163. 219. 24. 17. 15. 56. -133. -1. 67. 112. 22.4 13.0 10.1 34.4 -50.4 -0.7 69.8 104.7 210. 202. 170. 194. -30. -8. -32. 24. 48. 30. -43. -46. -12.5 -3.8 -15.8 14.1 29.6 17.4 -20.2 -19.2 l I | | 170. 129. 95. 151. -49. -41. -34. 56. 39. -19. -68. -68. -22.4 -24.1 -26.4 58.9 29.8 -12.8 -41.7 -31.1 190. 154. 182. 196. -4. -36. 28. 14. -20. -48. 12. 2. -2.1 -18.9 18.2 7.7 -9.5 -23.8 7.1 1.0 | | | | 164. 122. 109. 85. 13. -42. -13. -24. -6. -7. 14. -66. 8.6 -25.6 -10.7 -22.0 -3.5 -5.4 14.7 -43.7 168. 157. 148. 139. -28. -11. -9. -9. -22. 3. -34. -57. -14.3 -6.5 -5.7 -6.1 -11.6 1.9 -18.7 -29.1 | | | | 52. 75, 50, 94. -33. 23. -25. 44. -112. -47. -59. 9. -38.8 44.2 -33.3 88.0 -68.3 -38.5 -54.1 10.6 154. 171. 199. 239. 15. 17. 28. 40. -14. 14. 51. 100. 10.8 11.0 16.4 20.1 -8.3 8.9 34.5 71.9 | | | | 110. 141. 134. 178. 16. 31. -7. 44. 58. 66. 84. 84. 17.0 28.2 -5.0 32.8 111.5 88.0 168.0 89.4 287. 313. 335. 329. 48. 26. 22. -6. 133. 142. 136. 90. 20.1 9. 1 7.0 -1.8 86.4 83.0 68.3 37.7 | l | l 195. 207. 166. 208. 17, 12. -41. 42. 85. 66. 32. 30. 9.6 6.2 -19.8 25.3 77.3 46.8 23.9 16.9 394. 467. 484. 456. 65. 73. 17. -28. 107. 154. 149. 127. 19.8 18.5 3.6 -5.8 37.3 49.2 44.5 38.6 | l 1 | 258. 326. 267. 238, 50. 68. -59. -29. 63. 119. 101. 30. 24.0 26.4 -18.1 -10.9 32.3 57.5 60.8 14.4 520. 640. 636. 570. 64. 120. -4. -66. 126. 173. 152. 114. 14.0 23. 1 -0.6 -10.4 32.0 37.0 31.4 25.0 | | | | 304. 419. 215. 130. 66. 115. -204. -85. 46. 93. -52. -108. 27.7 37.8 -48.7 -39.5 17.8 28.5 -19.5 -45.4 466. 399. 438. 459. -104. -67. 39. 21. -54. -241. -198. -111. -18.2 -14.4 9.8 4.8 -10.4 -37.7 -31.1 -19.5 J l l | 250. 164. 236. 289. 120. -86. 72. 53. -54. -255. 21. 159. 92.3 -34.4 43.9 22.5 -17.8 -60.9 9.8 122.3 479. 490. 520. 553. 20. 11. 30. 33. 13. 91. 82. 94. 4.4 2.3 6.1 6.3 2.8 22.8 18.7 20.5 | i | | 329. 364. 320. 453. 40. 35. -44. 133. 79. 200. 84. 164. 13.8 10.6 -12.1 41.6 31.6 122.0 35.6 56.7 603. 671. 745. 768. 50. 68. 74. 23. 124. 181. 225. 215. 9.0 11.3 11.0 3.1 25.9 36.9 43.3 38.9 | 1 | | 592. 674. 558. 612. 139. 82. -116. 54. 263. 310. 238. 159. 30.7 13.9 -17.2 9.7 79.9 85.2 74.4 35.1 827. 869. 862. 912. 59. 42. -7. 50. 224. 198. 117. 144. 7.7 5.1 -0.8 5.8 37.1 29.5 15.7 18.8 | | | | 738. 717. 552. 597. 126. -21. -165. 45. 146. 43. -6. -15. 20.6 -2.8 -23.0 6.2 24.7 6.4 -1.1 -2,5 850. 942. 948. 996. -62. 92. 6. 48. 23. 73. 86. 84. -6.8 10.8 0.6 5. 1 2.8 8.4 10.0 9.2 | | | | 803. 784. 559. 571. 206. -19. -225. 12. 65. 67. 7. -26. 34.5 -2.4 -28.7 2.1 8.8 9.3 1.3 -4.4 665. 415. 536. 587. -331. -250. 121. 51. -185. -527. -412. -409. -33.2 -37.6 29.2 9.5 -21.8 -55.9 -43.5 -41,1 | | | | 374. 124. 323. 412. -197. -250, 199. 89. -429. -660. -236. -159. -34.5 -66.8 160.5 27.6 -53.4 -84.2 -42.2 -27.8 483. 469. 300. -104. -14. -169. -182. 54. -236. -17.7 -2.9 -36.0 -27.4 13.0 -44.0 | | | 265. 300. 99. -147. 35. -201. -109. 176. -224. -35.7 13.2 -67.0 -29.1 141.9 -69,3 1 1967-Q1___ -Q2---Q3---Q4--1 1968-Q1. •.. -Q2---Q3---Q4--i 1969-Q1___ -Q2---Q3. . . .. -Q4--- •1 1 1970-Q1___ -Q2--"Q3---Q4--1 1971-Q1___ -Q2---Q3---Q4--1 1972-Q1.••• -Q2--~Q3. .. . . -Q4--1 1973-Q1___ -Q2---Q3---Q4--- .1 1 1974-Q1___ -Q2---Q3---Q4--1 1975-Q1___ -Q2---Q3--- •1 "Q4--i 1976-Q1--- • 1 -Q2---Q3---Q4--- •1 1 1977-Q1___ -Q2---Q3---Q4--) 1978-Q1.... -Q2--- •1 -Q3---Q4---1 1979-Q1.... -Q2---“Q3---Q4--1 1980-Q1___ -Q2. ..•-1 . -Q3----Q4.— . 1 1981-Q1---Q2----Q3--- LIFE INSURANCE COMPANIES FARM MORTGAGE COMMITMENTS— OUTSTANDING AND MEN SEASONALLY-ADJUSTED DATA TABLE 232.2Q NEH FARM MORTGAGE COMMITMENTS OUTSTANDING FARM MORTGAGE COMMITMENTS i | MILLIONS OF DOLLARS QUARTER I CHANGE FROM PREVIOUS END OF 1 1 QUARTER | QUARTER YEAR 1 1 ___(SAAR)___ PERCENTAGE CHANGE FROM PREVIOUS QUARTER /SAAR) YEAR MILLIONS OF DOLLARS | PERCENTAGE CHANGE | FROM PREVIOUS HADE IN | CHANGE FROM PREVIOUS QUARTER | . (SAAR) | QUARTER YEAR | QUARTER YEAR ________ 1 1961-Q1.... "Q2.... -Q3.... -Q4---- 82. 87. 97. 97. 26. 19. 52. -1. 11. 13. 25. 21. 33.8 23.4 60, 1 -0.9 15.3 18.1 33.7 27.2 377. 416. 454. 429. 14. 39. 39. -26. 59. 100. 142. 66. 3.8 10.4 9.3 -5.6 18.4 31.5 45.5 18.1 1962-Q1---- Q 2 .... -03.... -Q4.... 98. 104. 108. 114. 3. 25. 19. 24. 16. 17. 11. 17. 3.3 26.0 18.5 21*9 19.3 19.9 11.2 17.1 427. 432. 501. 492. -1. 5. 69. -9. 50. 17. 47. 63. -0.3 1.2 15.9 -1.8 13,4 4.0 10.3 14a 8 1963-Q1.... -Q2----Q3.... -Q4.... 132. 144. 145. 177. 93. 55. 4. 177. 34. 40. 37. 63. 81.5 41.3 2.9 122-0 34.8 38.8 33.9 55.6 577. 645. 640. 762. 85. 67. -4. 121. 150. 212. 139. 270. 17.3 11.7 -0.7 19.0 35.1 49.1 27.7 54.8 1964-Q1____ -Q2.... -Q3----Q4.... 183. 195. 217, 216. 24. 53. 102. -0. 51. 51. 71. 39. 13.5 29.1 52.3 -0.1 38.4 35.3 49.2 22.2 707. 786. 949. 763. -55. 79. 163. -186. 130142. 309, 1. -7.2 11.2 20.7 -19.6 22.5 22.0 48.2 0.2 1965-Q1.... -Q2.---Q3.... -Q«---- 217. 223. 246. 252- 3. 24. 108. 27. 34. 28. 30. 36. 1.3 11.0 48.6 10.8 18.8 14.3 13.6 16.6 801. 776. 908. 909. 38. -26. 133. 0. 94. -10. -41. 146. 5.0 -3.2 17.1 0.0 13.3 -1.3 -4.3 19.1 1966-Q1.... -Q2.... -Q3.... -Q4.... 285. 220. 186. 174. 156. -183. -108. -45. 68. -3. -60. -79. 61.9 -64.2 -48.9 -24.1 31.1 -1.2 -24,3 -31.2 937. 638. 466. 383. 28. -299. -173. -82. 136. -137. -443. -525. 3.1 -31.9 -27.1 -17.6 16.9 -17.7 -48, 8 -57.8 1967-Q1.... -Q2.... -Q3.... -Q4.... 166. 192. 219. 222. -29. .131. 132. 14. -119. -28. 33. 49. -16.7 78.8 68.6 6.6 -41.7 -12.8 17.5 27.9 469. 640. 779. 779. 85. 171. 139. -0. -468. 2. 313. 395. 22.2 36.6 21.7 -0.0 -50.0 0.3 67.3 103.0 1968-Q1.... -Q2.... ~Q3.... -Q4.... 214. 221, 173. 184. -30. 28. -138. 48. 48. 29. -45. -38. -13.3 13.0 -62.2 27.5 29.2 15.2 -20.7 -17.1 624. 536. 458. 538. -155. -88. -78. 80. 155. -104. -321. -241. -19.9 -14.1 -14.6 17-4 33.1 -16,3 -41.2 -31.0 1969-Q1.___ -Q2.... -Q3.... -Q4.... 193. 164. 184. 191. 38. -91. 93. 32. -22. -57. 11. 7. 20.4 -47.2 56.5 17.2 -10.0 -25.6 6.1 3.9 620. 488. 504. 315. 83. -132. 16. -190. -3. -48. 47. -223. 15.4 -21.3 3.3 -37.6 -0.5 -8,9 10.2 -41.4 1970-Q1.... -Q2.... -03.... -Q4.... 170. 164. 148. 139. -73. -21. -55. -32. -23. -0. -36. -52. -38.2 -12.5 -33.8 -21.4 -12.1 -0.2 -19.5 -27.2 196. 304. 239. 346. -119. 108. -65. 107. -424. -184. -265. 31. -37.7 54.9 -21.3 44.7 -68.4 -37.7 -52.6 10.0 1971-Q1..-02.... -03.... -04.... 155, 175. 197. 245. 75. 93. 108. 276. -14. 10. 49. 106. 53.5 60.2 62.0 140.0 -8.5 6.4 33.0 75.8 407. 528. 628. 705. 61. 120. 101. 77. 211. 224. 389. 359. 17.6 29.5 19.1 12.2 107.6 73.6 162.7 103.7 1972-Q1.... -02..,.. -Q3----Q4____ 289. 315. 329. 342. 230. 119. 59. 54. 134. 141. 132. 97. 93.8 41.2 18.8 16.4 86.4 80.6 67.1 39.5 722. 767. 754. 853. 17. 46. -13. 99. 315. 240. 126. 148. 2.4 6.3 -1.7 13.1 77.2 45.5 20.1 21.0 1973-Q1.... -Q2----Q3----Q4---- 398. 466. 474. 476. 288. 345. 33. 11. 109. 150. 145. 134. 84.4 86.5 7.2 2.2 37.7 47.7 43.9 39.3 975. 1249. 1181. 1022. 122. 274. -67. -160. 253. 481. 427. 169. 14.3 28.1 -5.4 -13.5 35.1 62.7 56.6 19.8 1974-Q1.... -Q2.... -03.... -04.... 528. 639. 622. 592. 240. 605. -62. -113. 129. 173. 149. 116. 50.4 114.7 -9.8 -18.2 32.4 37.2 31.4 24.3 1094. 1555. 945. 564. 73. 460. -609. -381. 120. 306. -236. -458. 7.1 42. 1 -39.2 -40.3 12.3 24.5 -20.0 -44.8 1975-Q1.•... -02.... -Q3---—Q4.... 473. 399. 430. 470. -350. -234. 139. 187. -54. -240. -193. -122. -59.2 -49.5 34.9 43.5 -10.3 -37.5 -30.9 -20.5 902. 620. 1042. 1255. 338. -282. 422. 213. -192. -934. 97. 691. 60.0 -31.2 67.9 20.4 -17.6 -60.1 10.3 122.6 1976-Q1.... -Q2.... -Q3.... -Q4.___ 486. 495. 514. 557. 65. 39. 80. 192. 13. 96. 84. 86. 13.8 7.9 16.1 37.4 2.7 24.2 19.6 18.3 1199. 1381. 1429. 1892. -56. 182. 48. 464. 297. 761. 387. 637. -4.5 15.2 3.4 32.5 32.9 122.6 37.1 50.8 1977-Q1.... -02.... -Q3.... -04.... 611. 686. 741. 762. 251. 361. 245. 90. 125. 191. 227. 205. 45.1 59. 1 35.8 12. 1 25.7 38.5 44. 1 36.9 2151. 2611. 2508. 2460. 258. 460. -103. -47. 952. 1230. 1079. 568. 13.6 21.4 -3.9 -1.9 79.4 89.0 75.5 30.0 1978-Q1.... -02.... -03.... —Q4.... 838. 900. 859. 894. 353. 276. -151. 146. 227. 214. 119. 132. 46.3 32.9 -16.8 17.0 37.2 31.1 16.C 17.3 2684. 2920. 2516. 2314. 224. 235. -403. -202. 534. 309. 8. -146. 9.1 8.8 -13.8 -8.0 24.8 11.8 0.3 -5.9 1979-Q1...... -02.... -03.... -Q4.... 862. 982. 944. 969. -119. 590. -144. 104. 24. 82. 85. 75. -13.3 68.4 -14.7 11.0 2.9 9.2 9.9 8.4 2959. 3117. 2532. 2182. 645. 158. -585. -350. 275. 198. 16. -132. 27.9 5.3 -18.8 -13.8 10.2 6.8 0.6 -5,7 1980-Q1.... -02.... -03.... -04.... 674. 434. 534. 569. -742. -558. 555. 156. -188. -548. -411. -400. -76.6 -82.8 127.9 29.2 -21.8 -55.8 -43.5 -41.3 1359. 532. 1442. 1552. -823. -827. 910. 110. -1600. -2585. -1090. -630. -37.7 -60.9 171.1 7.6 -54.1 -82.9 -43.0 -28.9 1981-Q1.... -02.... -03.... 490. 492. 299. -256. 8. -425. -185. 57. -235. -45.1 1.6 -86.4 -27.4 13.2 -44.0 969. 1218. 443. -583. 249. -776. -389. 686. -1000. -37.5 25.7 -63.7 -28.7 129.0 -69.3 33 TABLE 2 3 2 . 3Q LIFE INSURANCE C O M P A N D S NEW FARM M ORTGAGE COMM i1MENTS FOUR-QUARTER MOVING TOTAL YEAR ENDING— CHANGE FROM I MILLIONS ( PREVIOUS YEAR 1 OF 1 | DOLLARS | MILLIONS OF PERCENT 1 , I _ 1 1_ DOLLARS AS PERCENTAGE OF OUTSTANDING MORTGAGES* I | MORTGAGES COMMITMENTS* 1 ACQUIRED 1 TAKEDO0NS OF COMMITMENTS 1961-Q1.... -Q2.... -Q3.... -Q4.... | | | | 345. 369. 399. 417. 3. 30. 72. 88. 0.9 8.8 22.0 26.7 12. 12. 13. 14. 469. 484. 503. 489. 73. 73. 75. 75. 110. 111. 115. 116. 1962-Q1____ -Q2.... -Q3.... -Q<*.... | | t I 431. 435. 442. 459. 86. 66. 43. 42. 24.9 17.9 10.8 10.1 14. 14. 14. 14. 472. 457. 446. 452. 73. 73. 72. 74. 114. 113. 114. 115. 1963-Q1.... I -Q2..... | -Q3.... J -Q4.... | 502. 554. 583. 658. 71. 119. 141. 199. 16.5 27.4 31.9 43.4 15. 16. 17. 19. 472. 483. 472. 498. 76. 76. 71. 76. 121. 120. 119. 126. 1964-Q1.... -Q2.... -Q3.... -Q4.... | | | | 696. 726. 787. 791. 194. 172. 204. 133. 38.6 31.0 35.0 20.2 19. 19. 20. 20. 463. 446. 453. 415. 73. 72. 79. 76. 118,. 116. 120.. 115. 1965-Q1.... -Q2.... -Q3.... -Q4.... | I | | 818. 815. 804. 844. 122. 89. 17. 53. 17.5 12.3 2.2 6.7 20. 19. 18. 19. 406. 389.. 372. 378. 74. 72. 72. 73. 114. 113. 113. 114. 1966-Q1.... -Q2.... -Q3.... -Q4.... | | I | 881. 850. 761. 616. 63. 35. -43. -228. 7.7 4.3 -5.3 -27.0 19. 18. 15. 12. 379. 342. 307. 263. 76. 72. 68. 62. 118. 109. 102. 96. 1967-Q1.... -Q2.... -Q3.... -Q4.... | I | | 483. 482. 549. 661. -398. -368. -212. 45. -45.2 -43.3 -27.9 7.3 9. 9. 10. 12. 229. 265. 311. 358. 59. 68. 75. 79. 89. 105. 116. 116. 1968-Q1..... -Q2.... -Q3.... -Q4.... | | I | 700. 681. 613. 545. 217. 199. 64. -116. 44.9 41.3 11.7 -17.5 13. 12. 11. 10. 356. 326. 283. 265. 78. 76. 72. 71. 116. 114. 103. 103. 1969-Q1.... | -Q2.... | -Q3.... | -Q4.... ,| 539. 532. 546. 480. -161. -149. -67. -65. -23.0 -21.9 -10.9 -11.9 9. 9. 9. 8. 278. 281.. 308. 267. 78. 80. 87. 89. 109. 105. 117. 115. ) 1970-Q1.... . -Q2.... 1 | -Q3.... > -Q4.... 368. 321. 262. 271. -171. -211. -284. -209. -31.7 -39.7 -52.0 -43.5 6. 6. 5. 5. 204. 183. 149162. 87. 99. 89. 86. 107. 118. 105. 106. 1971-Q1.... .I -Q2.... | -Q3.... , | -Q4.... , 329. 395. 479. 563. -39. 74. 217. 292. -10.6 23.1 82.8 107.7 6. 7. 9. 10. 215. 264. 313. 340. 101. 103. 108. 112. 126. 130. 136. 140. | 1972-Q1.... . | -Q2---- . 1 -Q3.... > -Q4.... .| 648. 714. 746. 776- 319. 319. 267. 213. 97.0 80.8 55.7 37.8 12. 13. 13. 14. 340. 319. 287. 264. 114. 117. 117. 111. 145. 144. 142. 130. 1973-Q1.... -Q2---- . | -Q3---- , | | -Q4...i.. 839. 958. 1059. 1089. 191. 244. 313. 313. 29.5 34.2 42.0 40.3 15. 17. 19. 19. 266. 280. 278. 260. 110. 115. 115. 108. 130. 135. 131. 127. 1974-Q1.... . | -Q2.... .| -Q3.... . | -Q4.... . J 1135. 1228. 1176. 1068. 296. 270. 117. -21. 35.3 28.2 11.0 -1.9 20. 21. 20. 18. 252. 255. 224. 190. 107. 112109. 106. 126. 134. 133. 132. | 1975-Q1____ > -Q2.... . | | -Q3.....> -Q4.... 1014. 759. 780. 939. -121. -469. -396. -129. -10.7 -38.2 -33. 7 -12. 1 16. 12. 12. 14. 171. 131. 151. 201. 93. 70. 76. 87. 111. 87. 93. 104. | 1976-Q1.... . -Q2.... . | J -Q3.... > -Q4.... | 1018. 1218. 1302. 1466. 4. 459. 522. 527. 0. 4 60.5 66.9 56.1 15. 18. 19. 21. 231. 274. 279. 301. 96. 103. 95. 95. 121. 128. 125. 122. ( 1977-Q1.... , -Q2.... 1 -Q3.... , | -Q4.... | 1729. 2039. 2277. 2436. 711. 821. 975. 970. 69.8 67.4 74.9 66.2 24. 28. 30. 31. 339,. 377. 388. 379. 100. 97. 99. 99. 123. 123. 124. 124. | 1978-Q1.... , -Q2.... . | -Q3.... | -Q4.... ,| 2582. 2625. 2619. 2604. 853. 586. 342. 168. 49.3 28.7 15.0 6.9 31. 30. 29. 28. 371. 349. 326. 313. 99. 99. 96. 95. 122. 120.. 116. 115. 1979-Q1.... -Q2.... -Q3.... -Q4.... I | J | 2669. 2736. 2743. 2717. 87. 111. 124. 113. 3.4 4.2 4.7 4.3 27. 27. 26. 24. 308.. 313. 308. 298. 92. 92. 94. 94. 110. 113, 114. 115. 1980-Q1.... -Q2.... -Q3.... -Q4.... ) | I | 2288. 1628. 1392. 1233. -381. -1108. -1351. -1484. -14.3 -40.5 -49.3 -54.6 20. 14. 11. 10. 245. 183. 184. 189. 86. 71. 73. 74. 105. 86. 89. 87. 1981-Q1.... 1 - Q 2 ................ | -Q3.... | 1124. 1300. 1076. -1164. -328. -316. -50.9 -20.1 -22.7 9. 10. 8. 204. 257. 207. 77. 105. 80. 100. 126. 97. * AVERAGE AMOUNT OUTSTANDING DURING THE PRECEDING FOUR QUARTERS (AVERAGE OF END-OF-QUARTER DATA). "TAKEDOWNS OF COMMITMENTS" ARE COMPUTED AS NEH COMMITMENTS LESS CANCELLED COMMITMENTS LESS THE CHANGE IN COMMITMENTS OUTSTANDING. 34 AGRICULTURAL FINANCE DATABOOK— 300 Q U A R TER LY S E R IE S O CTO BER 1981 AGRICULTURAL BANKING DATA 330 SURVEY OF TERNS OF BANK LENDING TO FARMERS (NON-REAL-ESTATE LOANS, U.S.) 331 AVERAGE EFFECTIVE INTEREST RATES 331.1Q 331.2Q 331.3Q 332 AVERAGE EFFECTIVE INTEREST RATES COMPARED WITH OVERALL AVERAGE 332.1Q 332. 2Q 3 3 2 . 3Q 333 ALL BANKS..... ......- ---- ------------------.....----....------ 36 LARGE BANKS.................. .................. .......... ...... 36 OTHER BANKS..... ............................ ................. . 3 6 PERCENTAGE OF LOANS MADE HITH A FLOATING INTEREST RATE 333.1Q 333.2Q 333.3Q 334 ALL BANKS...... ...........i ............. ............. ....... 37 BANKS...... ...... . ................ .......... ........... 37 OTHER BANKS...... ..............................................37 LA RG E AVERAGE MATURITY OF LOANS MADE 334.1Q 334.2Q 334.3Q 335 ALL BANKS.................... * .... ....38 LARGE BANKS......................... ...........................38 OTHER BANKS...................................... ...............38 AMOUNT, NUMBER, AND AVERAGE AMOUNT OF LOANS MADE 335. 1Q 335. 2Q 335.3Q 340 ALL BANKS.................................. -........ . .35 LARGE BANKS................................ ............. ......35 OTHER BANKS..... ......... ...... . ............. ............ ..,i.. .35 AMOUNT........ .................... ......... ..... ....... .... 39 NUMBER........................ ..... ........................ ...39 AVERAGE AMOUNT*............ ................... ................ 39 FEDERAL RESERVE BANK SURVEYS OF AGRICULTURAL CREDIT CONDITIONS 341 CHICAGO 341.IQ 341.2Q 341.3Q 341.4Q 341.5Q 342 FARM NON-REAL-ESTATE LENDING EXPERIENCE DURING THE PRECEDING QUARTER...... -....................................... .......40 FARM NON-RBAL-ESTATE LOAN VOLUME EXPECTED DURING THE CURRENT QUARTER........ ....................... . ... ..... 41 LOAN/DEPOSIT RATIOS...... ...., ........................... ..... 42 . TYPICAL INTEREST RATES CHARGED ON FARM LOANS................... 42 TRENDS IN FARM REAL ESTATE VALUES AND LOAN VOLUME........... i..43 MINNEAPOLIS 342. 1Q CURRENT FARM LENDING EXPERIENCE.......................... ....44 342. 2Q EXPECTED FARM LOAN DEMAND AND REPAYMENT CONDITIONS..... ..... ...45 342.3Q AVERAGE LOAN/DEPOSIT RATIO AND OTHER CONDITIONS THAT REFLECT RELATIVE CREDIT AVAILABILITY.............. ....... ..... , .... .46 . 342. 4Q INTEREST RATES ON FARM LOANS............ ..........47 342.5Q FARM REAL ESTATE LENDING EXPERIENCE................ ........ ....48 342. 6Q FARMERS* EARNINGS AND SPENDING......... ................. ..... .49 343 KANSAS CITY 343. 1Q CURRENT FARM NON-REAL-ESTAIE LENDING EXPERIENCE..............50 343.2Q AVERAGE LOAN/DEPOSIT RATIO AND OTHER CONDITIONS THAT REFLECT RELATIVE CREDIT AVAILABILITY......... ........................50 343.3Q MOST COMMON INTEREST RATES CHARGED ON FARM LOANS............. ...51 343.4Q FARM REAL ESTATE VALUES....... .................................51 344 DALLAS 344. IQ CURRENT FARM NON-REAL-ESTATE LENDING EXPERIENCE.. ............ 52 344.2Q FARM NON-REAL-ESTATE LOAN VOLUME E X P E C T E D DURING THE CURRENT QUARTER........ ........... ............ ......... ...... . 52 344.3Q AVERAGE LOAN/DEPOSIT RATIO AND OTHER CONDITIONS THAT REFLECT RELATIVE CREDIT AVAILABILITY................. ......... ......53 344.4Q MOST COMMON INTEREST RATES CHARGED ON FARM LOANS. ..... 53 344.5Q TRENDS IN FARM REAL ESTATE VALUES AND LOAN VOLUME........ ...... 54 345 RICHMOND 345- 1Q 345.2Q 345.3Q 345.4Q 345.5Q CURRENT FARM NON-REAL-ESTATE LENDING EXPERIENCE.............. ..55 FARM NON-REAL-ESTATE LOAN VOLUME EXPECTED DURING THE CURRENT QUARTER...... ........................- ....... ...............55 AVERAGE LOAN/DEPOSIT RATIO AND OTHER CONDITIONS THAT REFLECT RELATIVE CREDIT AVAILABILITY...... ..................... ..... 56 . TYPICAL INTEREST RATES CHARGED ON FARM LOANS.. ........ ...56 TRENDS IN FARM REAL ESTATE VALUES AND LOAN VOLUME.............. 57 DESCRIPTION OF SURVEY COVERAGE AND PROCEDURES............ ................58 SURVEY OP TERMS OF BANK LENDING TO FARMERS (NON-REAL-ESTATE LOANS HADE DURING FIRST HEEK OF MIDDLE MONTH OF QUARTER) TABLE 331Q QUARTER AVERAGE EFFECTIVE INTEREST RATES 1 1 ALL LOANS 1 1 | FEEDER | LIVESTOCK ____ i PURPOSE OF LOAN OTHER CURRENT OPERATING EXPENSES 1 | I 1 (PERCENT)* 1 OTHER LIVESTOCK FARM MACHINERY AND EQUIPMENT 331.IQ OTHER J AMOUNT OF LOAN 100 AND OVER SIZE OF BANK 10 TO 24 25 TO 99 9.0 9.1 9.0 9.1 9.0 9-0 8.8 9.0 8.7 8.9 8.8 9.0 8.8 8.1 8.5 9.3 8.3 8.1 8 .4 . 9.4 8.9 8.9 8.9 S.O 9.1 9.2 9.3 9.9 9.2 9.2 9.3 10.0 9.2 9.3 9.5 10.1 9.2 9.4 10.1 11.1 9.3 9.6 10.4 11.7 9.1 9.2 9.3 10.0 1 TO 9 | LARGE** OTHER ALL BANKS 1977-Q1.... -Q2.... -Q3.... -Q4---- 8.8 8.7 8.7 9.1 | | | I 8.5 8.4 8.4 8.9 8.9 &. 2 8.6 9.1 8.8 8.8 9.0 9.2 9.1 9.4 9.0 9.2 8.8 8.9 8.6 9.2 1978-Q1____ -Q2.... ~Q3..... -Q4.... 9.2 9.3 9.6 10.4 I | 1 | 9.2 9.4 9.5 10.2 9.1 9.1 9.5 10.8 9.1 9.2 9.7 10.3 9.3 9.4 9.6 10.3 9.2 9.5 9.9 10.7 1 | 1 | I 1 1 I I | 1979-Q1.... -Q2.... -Q3.... -Q4.... 11.0 11.2 11.3 13.6 | I | | 11.1 11.2 11.2 13.5 11.2 11.7 11.1 12.9 10.9 11.2 11.4 13.6 10.3 10.6 10.9 13.2 11.2 11.1 11.5 14.6 | I | | 10.3 10.6 10.9 12.9 10.4 10.7 11.1 13.2 10.5 10.8 11.0 13.2 12. 1 12.2 11.8 14.5 12.5 12.8 12.9 16.2 10. * 10.7 10.9 13.1 1980-Q1.... -Q2.... -Q3.... -Q4.... 14.1 17.4 13.5 15.5 1 | I | 14.4 17.7 13.4 15.5 13.5 16.6 13.7 15.3 14.3 17.5 13.7 15.4 13.0 16.4 13.3 15.1 14.6 17.2 13.3 15.7 I i I | 13.5 16.5 13.5 15.1 13.6 17.0 13.4 15.0 13.7 17.2 13.6 15.4 15.0 17.8 13.5 15.8 16.0 18.5 12.8 16.3 13.7 17. 1 13.7 15.3 1981-Q1.... -Q2.... -Q3.... 17.9 17.9 19.6 J I I 17.8 18.4 19.6 17.4 18.0 19.9 17.9 17.7 19.5 17.4 17.6 18.9 18.3 17.7 20.1 | I | 1 17.4 17.5 18.8 17.7 17.6 19.1 17.7 17.7 19.3 18.4 18.2 20.3 19.9 19.5 20.8 17.5 17.5 19.1 331.2Q LARGE BANKS** 9.0 9.0 9.2 9.6 8.7 8.6 8.9 9.3 8.4 8.5 8.7 9.4 8.3 7.8 8.3 9.3 9.2 10.0 10.7 11.9 1 | I j I 1 f | I | 9.7 9.9 10.5 11.5 9.6 9.8 10.4 11.6 9.5 9.6 10.3 11.4 9.2 9.6 10.4 11.8 12.2 12.3 12.2 14.7 12.1 12.7 13.0 16.9 I I | 1 12.3 12.3 12.7 15.4 12.4 12.6 12.8 15.4 12.5 12.7 12.7 15.6 12.5 12.9 13.0 16.5 15.6 18.4 13.1 15.7 14.7 16.6 12.7 15.7 16.0 18.0 12.4 16.9 I | | I 15.2 17.0 13.1 15.6 15.4 17.5 13.0 15.6 15.8 18.4 13. 1 16.0 16.1 18.6 12.8 16.4 19.6 18.7 20.6 16.8 18.4 19.6 20.4 19.6 21-6 I I I 1 18.9 18.6 19.8 19.4 18.4 19.7 19.7 19.0 20.5 20.1 19.7 20.9 9.0 9.1 9.0 9.1 9.0 9.0 8.8 9.0 8.7 8.9 8.8 8.9 9.3 8.6 9.2 9.1 9.1 9.2 9.3 9.9 9.1 9.2 9.3 9.9 9.1 9.1 9.5 10.3 1977-Q1.... -Q2.... -Q3.... -Q4.... 8.3 8.1 8.4 9.4 | | | I 8.0 7.8 8. 1 9.2 7.3 7.2 8.2 9.0 8.7 8.3 8.8 9.6 8.7 6-9 8.7 9.4 8.2 8.6 8.7 9.2 1978-Q1.... -Q2.... -Q3.... -Q4.... 9.3 9.6 10.4 11.7 | | | | 9.7 9.9 10.3 11.8 9.2 8.7 10.1 12.3 9.2 9.4 10.4 11.5 10.0 9.4 9.8 11.6 1979-Q1.... -Q2.... -Q3.... -Q<*.... 12.5 12.8 12.9 16.2 | I I 1 12.8 12.9 13.0 16.2 13.5 13.5 12.8 16.1 12.5 12.7 12.8 15.9 1980-Q1.... -Q2.... -Q3.... -Q4.... 16.0 18.5 12.8 16.3 | | | 1 16.8 20.2 12.9 16.6 15.4 17.2 12.9 15.2 1981-Q1.... -Q2.... -Q3---- 19.9 19.5 20.8 I | 1 21.1 20.7 20.6 17.6 19.3 21.9 331.3Q 1977-Q1.... -Q2.... -Q3.... -Q4.... 8.9 8.9 8.9 9.0‘ OTHER BANKS | | | | 8.8 8.8 8.8 8.8 9.0 8.6 8.7 9.1 8.8 8.9 9.0 9.0 9. 1 9.5 9 .2 , 9.2 9.0 9.0 8.6 9.2 1 | 1 | 1 1978-Q1.... -Q2.... -Q3.... -Q4.... 9.1 9.2 9.3 10.0 | | | | 8.9 9.0 9.2 9.8 9.0 9.3 9.3 10.6 9.1 9.1 9.4 9.9 9.3 9.4 9.6 10.2 9.1 9.3 9.4 9.9 I 9.1 9.2 9.3 9.9 1979-Q1.... -Q2.... -Q3.... -Q4.... 10.4 10.7 1C. 9 13.1 | | I | 10.5 10.7 10.8 13.1 10.5 11.3 10.8 12.1 10.5 10.8 11.0 13.2 10.2 10.3 10.8 13.1 10.5 10.3 11.0 13.3 | | | ) 10.3 10.5 10.8 12.8 10.2 10.5 10.9 13.1 10.3 10.5 10.8 13.0 11.3 11.4 11.2 13.4 1980-Q1.... -Q2.... -Q3.... -Q4.... 13.7 17.1 13.7 15.3 | | | I 13.9 17.4 13.6 15.2 13.3 16.5 14.0 15.4 14.0 17.1 13.8 15.4 12.9 16.4 13.4 15.1 13.6 16.6 13.5 15.2 | | | | 13.4 16.4 13.5 15.1 13.5 16.9 13.5 15.0 13.6 17.1 13.6 15.3 14.3 17.4 14.0 15.5 1981-Q1.... -Q2.... -Q3.... 17.5 17.5 19.1 I | | 16.7 17.7 19.2 17.4 17.7 19.1 17.6 17.6 19.1 17.4 17.S 18.8 17.7 17.1 19.1 | | | 17.3 17.5 18.8 17.6 17.5 19.0 17.4 17.6 19.1 17.6 17.5 19.4 I ) l * THE APPROXIMATE COMPOUNDED ACNUAL INTEREST RATE ON EACH LOAN IS CALCULATED FROM SURVEY DATA ON THE STATED RATE AND OTHER TERMS OF THE LOAN. IN COMPUTING THE AVERAGE OF THESE ESTIMATED EFFECTIVE RATES, EACH LOAN IS HEIGHTED BY ITS DOLLAR AMOUNT. ♦* "LARGE BANKS" ACE BANKS IN SURVEY STRATA 1-3, CORRESPONDING APPROXIMATELY TO BANKS HITH OVER $450 MILLION IN TOTAL ASSETS AS OF DECEMBER 1980. FOR ADDITIONAL INFORMATION, SEE NOTES TO STATISTICAL RELEASE E.2, FEDERAL RESERVE BOARD. 36 SURVEY OF TERES OF BANK LENDING TO FARHERS (NON-REAL-*ESTATE LOANS HADE DURING FIRST HEEK OF HIDDLE MONTH OF QUARTER I TABLE 332Q QUARTER 1977-Q1.... -Q2.... ~Q3.... -Q4.... 1978-Q1.... -Q2.... -Q3.... -Q4--1979-Q1____ -Q2.... -Q3----Q4.... 1980-Q1____ -Q2----Q3.... -Q4.... AVERAGE EFFECTIVE INTEREST RATES COMPARED WITH OVERALL AVERAGE* I I t AVERAGE I | EFFECTIVE ( INTEREST 2 | RATE ON i | ALL LOANS i FEEDER | (PERCENT) i LIVESTOCK 1 i 1 1 1 _ i 1 | 8.8 -0.3 i | 8.7 -0.3 i | 8.7 -0.3 i -0.2 1 9.1 i i 1 | 9.2 0.0 i 0.1 | 9.3 i -0.1 | 9.6 i | 10.4 -0.1 i i | 11.0 0.1 i | 11.2 0.0 i -0.1 | 11.3 i -0. 1 | 13.6 i i 1 | 14.1 0.3 i | 17.4 0.3 i -0.1 1 13.5 i | 15.5 -0.0 i 17.9 1981-Q1___ | i -Q2---- | 17.9 i 19.6 -Q3.... | i J i 1 1 i . _ ._ . _ 1 i 1977-Q1.... . ( 8.3 i -Q2.... . | 8.1 i -Q3.... .| 8.4 i 9.4 -Q4 . . . . . .,l i i 1978-Q1.... . | 9.3 i 9.6 -Q2.... i J 10.4 -Q3.... , j | 11.7 -Q4.... . i i | 12.5 1979-Q1.... , i 12.8 -Q2---- | i -Q3.... , | 12.9 i -C4.... > | 16.2 i i | 16.0 1980-Q1.... > i J 18.5 -Q2.... , i -Q3____ . | 12.8 i -Q4.... . | 16.3 i i J 19.9 1981-Q1.... , i | 19.5 -Q2---- . i -Q3.... ,| 20.8 i 1 _ .i. 1 1 1 _ _ 1 i 1977-Q1.... ,| 8.9 i -Q2.... 1 8.9 i ) 8.9 -Q3.... . i -Q4 . . . . . . l 9.0 j i 1978-Q1... • .. | . 9.1 i -Q2--- ,> | 9.2 i 9.3 -Q3.... 1 i 10.0 “Q4.... i -0.1 0.6 0. 1 DIFFERENCE FROM AVERAGE EFFECTIVE INTEREST RATE ON ALL LOANS PURPOSE OF LOAN OTHER LIVESTOCK OTHER CURRENT OPERATING EXPENSES FARM MACHINERY AND EQUIPMENT 332.1Q I I I | I 1 OTHER | I AMOUNT OF LOAN — (THQ USAMDS 1 TO 9 10 TO 24 25 TO 99 100 AND OVER SIZE OF BANK I | LARGE** I I- OTHER ALL BANKS 0.1 -0.6 -0.1 -0.1 -0.0 0.1 0.3 0.1 0.3 0.7 0.3 0.1 -0.0 0.1 -0.1 0.1 | 1 1 I 0.2 0.3 0.2 0.0 0.2 0.2 0.1 -0.1 -0.2 0.1 0.1 -0.1 -0.1 -0.7 -0.2 0.1 -0.5 -0..7 -0.3 0.2 0.1 0.2 0.2 -0.1 -0.1 -0.2 -0.2 0.4 -0.0 -0.1 0.0 -0.1 0.2 0.1 0.0 -0.1 -0.0 0.2 0.2 0.4 l -0.0 | -0.1 I -0.3 | -0.4 -0.0 -0.1 -0.3 -0.4 0.0 -0.1 -0.1 -0.3 0.0 0.1 0.4 0.7 0.2 0.3 0.7 1.4 -0.1 -0.1 -0.3 -0.4 0.2 0.5 -0.2 -0.7 -0.1 0.0 0.1 0.0 -0.7 -0.6 -0.4 -0.5 0.2 -0.0 0.2 0.9 I | | | -0.7 -0.6 -0.4 -0.8 -0.6 -0.5 -0.2 -0.4 -0.5 -0.4 -0.3 -0.4 1.1 1.0 0.6 0.9 1.5 1.6 1.6 2.6 -0,6 -0.5 -0.3 -0.5 -0.7 -0.7 0.2 -0.1 0.1 0.1 0.1 -0.0 -1.1 -0.C -0.2 -0.3 0.5 -0.2 -0.3 0.3 | | I | -0.6 -0.9 -0.0 -0.4 -0.6 -0.4 -0.1 -0.4 -0.4 -0.2 0.0 -0.1 0.9 0.5 -0.0 0.4 1.8 1.1 -0.7 0.8 -0.4 -0.3 0.2 r0.2 -0.5 0.1 0.3 -0.0 -0.2 -0.1 -0.6 -0.3 -0.7 0.4 -0.2 0.5 I | | -0.6 -0.4 -0.8 -0.2 -0.3 -0.5 -0.3 -0.2 -0.3 0.5 0.3 0.7 2.0 1.7 1.2 -0.4 -0.3 -0.5 332. 2Q LARGE BANKS** -0.4 -0.3 -0. 3 -0.1 -1.*! -0.9 -0.2 -0.4 0.4 0.2 0.4 0.2 O.a 0.8 0.3 0.0 -0.1 0.6 0.3 -0.2 1 I I I 1 0.6 0.9 0.8 0.2 0.4 0.6 0.5 -0.0 0.1 0.5 0.3 0.0 -0.1 -0.2 -0.1 -0.0 0.3 0.2 -0.1 0. 1 -0.1 -0.9 -0.3 0.6 -0. 1 -0.3 0.0 -0.3 0.7 -0.2 -0.6 -0.1 -o.0.4 0.3 0.2 | | 1 | 0.4 0.3 0.2 -0.3 0.3 0.2 0.0 -0. 1 0.2 0.0 -0.1 -0.3 -0.1 -0.0 0.0 0.1 0.3 0.1 0. 1 -0.0 1.0 0.7 -0.1 -0.1 -0.0 -0. 1 -0.1 -0.4 -0.4 -0.5 -0.7 -1.5 -0.4 -0.1 0.1 0.6 I I i 1 -0.2 -0.5 -0.2 -0.8 -0.1 -0.3 -0.1 -0.9 -0.0 -0.2 -0.2 -0.7 0.0 0.1 0.1 0.2 0.8 1.7 0.0 0.4 -0.5 -1.3 0.0 -1.0 -0.4 -0. 1 0.3 -0.5 -1.3 -1.8 -0.1 -0.6 0.0 -0.4 -0.4 0.7 -0.6 -1.0 0.1 -0.6 -0.1 -0.1 0.2 -0.3 0.1 0.1 -0.1 0.1 1.2 1.1 -0.2 -2.4 -0.2 1.1 -0.3 -0.8 -0.2 -3.1 -1.1 -1.2 0.5 0.1 0.8 I -0.8 | -1.5 I 0.3 | -0.6 I I -1-1 | -0.9 | -1.0 . 1 -0.5 -1.1 -1.1 -0.3 -0.6 -0.3 0.2 0.2 0.1 332. 3Q OTHER BANKS -0.2 -0.2 -0.1 -0.2 0.1 -0.3 -0..2 0.0 -0.1 0.0 0.1 -0.0 0.2 0.5 0.3 0.1 0.1 0.0 -0.4 0.2 1 I | | | 0.1 0.1 0.1 0. 1 0.1 0.1 -0.1 -0.0 -0.3 -0.0 -0.1 -0.1 0.3 -0.4 0.3 0.1 -0.2 -0. 1 -0.1 -0. 1 -0.1 0.1 -0.1 0.6 0.0 -0.0 0.0 -0. 1 0.2 0.2 0.3 0.2 0.0 0.1 0.1 -0.1 1 i 1 | -0.0 0.0 -0.1 -0.1 0.0 -0.0 -0.1 -0.1 -0,0 0.0 OiO -0.1 0.0 -0.1 0.2 0.4 a 1 | 1979-Q1.... > | -Q2---- . -Q3.... -Q4---- , | 10.4 10.7 10.9 13.1 i i i i 0.0 -0.0 -0. 1 0.0 0.0 0.6 -0.2 -1.0 0.0 0.0 0. 1 0.1 -0.3 -0.4 -0.1 -0.0 0.1 -0.4 0.1 0.2 I -0.2 I -0.2 | -0. 1 I -0.3 -0.2 -0.2 -0.0 -0.0 -0.2 -0.2 -0.1 -0.1 0.8 0.7 0.3 0.3 1980-Q1.... . ! -Q2.... >I -Q3---- . | | -Q4.... . 13.7 17.1 13.7 15.3 0.2 0.3 -0. 1 -0.1 -0.4 -0.6 0.4 0.1 0.3 0.1 0. 1 0. 1 -0.8 -0.6 -0.3 -0.2 -0.1 -0.5 -0.1 -0.1 -0.3 -0.1 -0.2 -0.3 -0.2 0.0 -0.1 0.0 0.6 0.3 0.3 0.2 17.5 17.5 19.1 -0.8 0. 1 0.2 -0.1 0.2 0.0 0.1 0.0 -0.0 -0.1 -0.0 -0.3 0.2 -0.4 -0.0 | I | I i I | 1 -0.3 -0.6 -0.1 -0.2 1981-Q1____ . | J -Q2.... , -Q3.... . | i i i i i 1 i i i i -0.2 -0.1 -0.3 0. i 0.0 -0.1 -0.1 0.1 0.0 0.1 -0.0 0.3 J ___ 1 1 J __________ * THE APPROXIMATE COMPOUNDED ANNUAL INTEREST RATE ON EACH LOAN IS CALCULATED FROM SURVEY DATA ON THE STATED RATE AND OTHER TERMS OF THE LOAN. IN COMPUTING THE AVERAGE OF THESE ESTIMATED EFFECTIVE RATES, EACH LOAN IS WEIGHTED BY ITS DOLLAR AMOUNT. ** "LARGE BANKS" ARE BANKS IN SURVEY STRATA 1-3, CORRESPONDING APPROXIMATELY TO BANKS HITH OVER $450 MILLION IN TOTAL ASSETS AS OF DECEMBER 1980. FOR ADDITIONAL INFORMATION, SEE NOTES TO STATISTICAL RELEASE E.2, FEDERAL RESERVE BOARD. 37 SURVEY OF TERMS OF BANK LENDING TO FARMERS (NON-REAL-ESTATE LOANS MADE DURING FIRST HEEK OF BIDDLE MONTH OF QUARTER) TABLE 333Q PERCENTAGE OF LOANS MADE WITH A FLOATING INTEREST RATE* PURPOSE OF LOAN 1 | FEEDER LIVESTOCK OTHER LIVESTOCK I OTHER CURRENT OPERATING EXPENSES J 1 FARM MACHINERY AND EQUIPMENT. 333.1Q OTHER AMOUNT OF LOAN __ (THOUSANDS OF DOLLARS) | I 1 TO 9 | g. I 1 g | ALL LOANS QUARTER 25 TO 99 SIZE OF BANK 100 AND OVER LARGE** OTHER ALL BANKS 1977-Q1---“Q2.... -Q3.... -Q4.... 15.3 13.2 22.7 17.3 | | | | 27.7 17.3 41.4 14.9 4.9 30. 1 6.9 9.6 16.4 5.5 8.7 22.9 4.4 5.7 10.8 1.3 20.3 18.7 30.3 22.3 | i | 1 4.9 1.4 1.5 1-1 7.0 3.5 3.0 3.2 5.9 6.6 7.4 7.6 36.6 40.6 54.4 44.4 | ) I 1 66.8 48.8 64.5 61.8 2.3 2.3 0.3 1.5 1978-Q1.... -Q2.... -Q3.... -Q4.... 15.0 22.1 18.4 13.2 | | | | 19.2 32.8 13.9 13.5 21.2 30.7 21.4 8.9 9.8 13.2 20.2 14.0 2.9 1.0 0.7 3.5 25.5 32.5 29.9 22.2 | I | I 1.2 1.3 2.0 2.0 3.3 3.0 3.0 3.1 10.3 8.3 9.1 4.9 36.2 50.4 44.5 33.5 | | | | 57.0 67.4 63.5 58.0 T.6 1.0 1-4 0.6 1979-Q1... . . -Q2.... -Q3.... -Q4.... 18.6 19.3 12.5 15.6 | | l | 22.6 21.6 12.9 11.6 22.4 16.7 12.5 17.3 12.9 19.1 12.9 16.7 4.5 V4.6 2.2 3.0 24.3 22.2 15.2 31.3 I | l I 4.3 3.7 2.1 2.2 3.2 6.6 5.2 9.1 9.7 8.9 7.3 11.9 41.3 44.5 26.7 26.8 | I | J 61.4 70.8 65.5 68.0 2.9 3 .8 , 1.1 5.0 1980-Q1.... -Q2.... -Q3.... -04.... 16.5 26.8 20.7 21.6 | J 1 | 16.3 19.9 19.4 23.0 8.7 16.4 23.2 26.1 18.8 29.8 16.0 19.3 3.6 14.6 10.6 15.7 28.7 39.3 33.9 27.0 i | | | 4.0 7.1 7.0 9.0 5.4 20.9 8.7 13.6 6.0 18.2 13.2 15.9 36.3 38.7 39.9 34.2 | | | | 68.3 80.0 74.7 74.1 4.6 11.5 7.8 9.4 1981-Q1.... -Q2.... -Q3.... 29.0 22.6 35.6 | I J 36.5 30.3 32.5 19.3 15.5 22.6 33.2 20.1 39.6 13.3 12.5 21.2 22.6 30.2 41.6 | | J 11.3 14.0 17.6 14.0 12.6 21.5 23.0 15.3 24.2 46.4 34.2 56.4 J | | 84.2 80.0 85.7 17.1 10.7 15.7 333.2Q LARGE BANKS** 1977-Q1.... -Q2----Q3.... -C4.... 66.8 48.8 64.5 61.8 | | | | 67.3 46.9 70.8 63.4 71.8 62.1 55.6 70.7 58.7 29. 1 45.6 71.0 31.3 52.0 39.9 39.7 80.9 64.8 74.3 48.4 I | | | | 27.4 33.1 26.5 27.8 35.1 39.2 34.5 35.5 48.7 37.7 45.2 45.9 75.4 53.7 69.8 68.6 1978-Q1.... -Q2.... -Q3----Q4.... 57.0 67.4 63.5 58.0 | | | | 61.8 76.5 53.0 62.0 77.3 87.4 88.0 74.9 47.2 45.5 62.3 54.5 74.8 14.9 6.2 42.1 54.6 80.5 82.8 53.6 | | | | 26.3 24.6 29.1 34.1 38.6 34.7 38.1 41.9 45.1 43.3 47.0 40.4 63.6 74.9 69.1 64.4 197 9-Q1...... -Q2.... -Q3----Q4.... 61.4 70.8 65.5 68.0 | I | | 76.3 66.3 74.3 69.0 82.4 92.7 81.4 79.7 59.7 70.9 61. 1 63.0 59-1 82.8 28.8 50.4 44.7 62.3 59.8 70.8 | I | I 38.1 29.0 30.5 38.2 45.2 47.8 46.1 49.3 57.2 53.3 50.7 54.0 63.7 78.2 75.1 73.6 1980-Q1.... -Q2.... -Q3.... -Q4.... 68.3 80.0 74.7 74.1 1 | | | 86.1 54.6 88.6 76.7 71.2 63.2 84.3 90.1 61.0 79.9 49.4 71.2 31.8 63.3 76.8 84.7 64.9 95.6 91.9 70.1 | | | | 37.0 38.7 37.4 45.1 42.5 •43.9 51.2 53.5 56.7 53. 1 66.5 68.5 73.5 87.2 80.3 77.6 1981-Q1.... -Q2.... -Q3---- 84.2 80.0 85.7 | | | 92. 1 87.1 95.7 69.4 51.0 59.7 81.6 75.9 83.2 69.4 64.8 84.8 86.8 93.0 85.1 | | | 1 47.6 53.6 56.4 56.9 59.6 65.8 71.4 64.4 68.7 91.3 84.9 89.9 4.0 0.2 0.3 0.1 5.0 0.7 0.4 0.7 0.7 1.0 0.3 0.6 0.0 15.2 0.0 6.8 0.1 0.2 0.9 0.6 0.3 0.2 0.5 0.4 3.0 0.9 3.0 0.3 3.3 3.1 0.0 1.5 2.9 2.7 0.8 1.0 0.1 3.2 1.3 6.7 3.7 2.4 1.3 8.2 4.5 7.9 1.0 1.8 I I 2.7 5.6 5.6 7.9 3.0 19. 1 6.0 11.3 1.4 14. 1 6.7 9.4 11.8 8.8 12.5 9.2 1 | | 9.7 12.6 16.1 10.9 10.1 17.9 17.7 11.0 18.3 23.7 9.8 9.2 333.3Q OTHER BANKS 1977-Q1.... -Q2.... -Q3.---Q4---- 2.3 2.3 0.3 1.5 | | | | 4.3 0.0 0.1 0.9 0.8 14.9 0.0 0.0 3.1 0.8 0.3 0.3 3.7 0.6 0.5 0.2 0.0 0.4 0.6 6.3 1978-Q1.... -Q2.... -Q3----Q4.... 1.6 1.0 1.4 0.6 | | | J 0.2 0.0 0.1 1.0 0.0 0.0 1.0 0.0 3.6 0.3 3. 1 0.5 0.0 0.0 0.0 0.0 0.1 4.4 0.1 0.8 1979-Q1.... -Q2.... -Q3.... -Q4.... 2.9 3.8 1.1 5.0 | I I J 2.8 7.3 0.3 3.5 1.6 0.0 0.0 1.0 1.1 4.0 2.0 7.5 1.7 2.5 0.7 0.2 8.2 0.2 1.4 9.5 1980-Q1.... -Q2.... -Q3. .. .. . -Q4.... 4.6 11.5 7.8 9.4 i | I | 0.6 15.8 2.5 11.1 2.6 3.6 4.0 10.0 9.2 11.4 9.4 9.1 2.0 11.5 3.6 9.6 1.9 4.4 14.0 7.1 1981-Q1.... -Q2.... -Q3---- 17.1 10.7 15.7 i | | 18.3 10.7 6.3 10.1 8.6 9-0 24.7 11.6 23.0 6.6 5.8 11.6 3.9 11.7 11.4 | I i | i 1 I 1 | 1 I I I | I I 1 ! i ± * PERCENTAGE OF AMOUNT OF LOANS MADE. A FLOATING RATE IS TIED TO SOME OTHER RATE (SUCH AS THE PRIME RATE OR A MARKET INTEREST RATE), AND NEITHER THE BANK NOR THE BORROWER KNOWS THE EXACT RATE OF INTEREST TO BE CHARGED OVER THE LIFE OF THE LOAN. ** "LARGE BANKS'** ARE BANKS IN SURVEY STRATA 1-3, CORRESPONDING APPROXIMATELY TO BANKS WITH OVER $450 MILLION IN TOTAL ASSETS AS OF DECEMBER 1980. FOR ADDITIONAL INFORMATION, SEE NOTES TO STATISTICAL RELEASE E. 2, FEDERAL RESERVE BOARD. 38 SURVEY OF TERMS OF BANK LENDING TO FARMERS (NON-BEAL-ESTAIE LOANS MADE DOBING FIBST WEEK OF MIDDLE MONTH OF QUARTER) TABLE 334Q QUARTER AVEBAGE MATURITY OF LOANS MADE (MONTHS)* 1 1 | ALL LOAN S 1 | FEEDER | LIVESTOCK 1 PURPOSE OF LOAN OTHER LIVESTOCK OTHER CURRENT OPERATING EXPENSES AMOUNT OF LOAN FARM MACHINERY AND EQUIPMENT 334.1Q I SIZE OF BANK 1 TO 9 OTHER 10 TO 24 25 TO 99 100 AND OVER | | LARGE** | 1 l OTHER ALL BANKS 1977-Q1.... -Q2.... -Q3.... -Q4.... i I | I 10.9 8.3 7.0 9.4 1 1 1 1 1 1978-Q1.... -Q2.... -Q3.... -Q4.... i I ) | 10.0 9.1 6.6 7.4 1 1 1 1 6.1 5.3 5.0 6.8 6.5 5.9 6.6 6.6 9.9 6.1 5.3 6.2 18.3 17.8 20.4 16.2 8.7 15.9 6.1 7.1 I | I | 7.8 8.7 7.5 7.5 11.3 7.6 6.6 8.9 11.2 10.2 8.7 7.3 9.6 9.1 4.5 6.6 6.7 10.1 4-4 5.2 11-0 8.6 7.5 8.0 1979-Q1.... -02----Q3.... -Q4.... ( l ) | 7.8 7.5 6.2 6.9 6.8 5.5 5.3 5.8 7.8 6.3 6.0 7.2 6.7 6.0 5.1 6.2 17.9 11.7 14.0 14.1 6.6 14.1 6.7 8.8 | | | 1 8.4 8.1 6.9 7.3 10.7 8.5 6.6 7.1 8.0 9-1 6.8 7.2 5.5 5.2 4.3 6.4 5.3 5.4 4.6 5.6 8-6 8.2 6.5 7.1 1980-Q1.... i "Q2.... | -Q3...... I -Q4.... | 7.2 6.6 7.8 7.3 6.6 5.0 8.3 6.0 6.5 6.6 7.7 7.6 6.9 6.2 4.9 7.9 12.7 12.6 22.6 9.8 5.8 6.8 7.8 6.2 ( 1 | 1 8.1 6.4 6.1 6.7 7.6 6.1 7.1 7.1 6.9 6.5 9.4 6.1 7.0 6.8 7.5 8.5 5.6 8.0 5*9 6.2 7.6 6.1 8.2 7.5 1981-Q1.... | -Q2.... I -Q3.... i 6.2 6.8 5.0 1 1 1 1 1 1 1 1 1 1 I 1 1 i 7.2 5.3 4.5 4.9 8.0 5.4 6.2 6.2 4.5 10-8 13.5 12.1 4.2 6.5 4.2 | I 6.4 6.8 5.6 6.2 6.4 5.2 6.3 6.5 5.7 6.1 7.2 4.1 5.8 7.5 3.6 6.3 6.7 5.4 6.0 6.7 6.0 6.8 19,2 6.5 7.4 5.7 6.9 6.5 5.3 5.6 16.6 16.5 8.5 12.5 13.0 10.4 12.0 18.4 i I | I 9.1 8.1 6.9 8.0 8-8 7.9 10.1 8.3 16.3 8.9 7.1 13.6 7.7 7.8 5.6 7.4 5.1 6.1 5.j 6 5.8 12.4 8.9 7.9 10.6 334.2Q 1977-Q1.... -Q2.... -Q3.... -Q4.... | | | | 5.1 6.1 5.6 5.8 1978-Q1____ J -Q2.... | -Q3---- J “Q4--- - J 6.7 10.1 4.4 5.2 1979-Q1.... ~Q2.... -Q3.... -Q4.... | | | | 5.3 5.4 4.6 5.6 1980-Q1.... -Q2.... -Q3.... -Q4.... | | | | 5.6 8.0 5.9 6.2 1981-Q1.... | -Q2.... 1 -Q3...W. 1 5.8 7.5 3.6 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1977-Q1.... -Q2----Q3..---Q4.... I ) | 1 12.4 8.9 7.9 10.6 1978-Q1---- Q 2 .... -Q3.... -Q4.... 1 | | | 11.0 8.6 7.5 8.0 1979-Q1---~Q2.... -Q3.... -Q4.... ] | i 1 8.6 8.2 6.5 7.1 1980-Q1.... -Q2.... -Q3.... -Q4.... | i | | 7.6 6.1 8.2 7.5 1981-Q1.... | -Q2.... | -Q3.... | 6.3 6.7 5.4 LARGE BANKS** 4.6 5.2 5.5 5.0 6.5 5.7 6.0 5.1 4.2 6.3 3.9 5.1 14.6 9.3 5.8 10.1 6.4 6.4 7.4 7.4 | | I j 7.4 6.4 4-9 6.1 7.0 6.6 5.4 4.6 7.6 5.9 5.0 5.3 4.3 6.0 5.7 6.0 4.8 4.5 3.9 4.1 5.8 3.0 7.1 5.0 6.9 5.2 4.0 4.3 13.2 21.9 9.6 24.8 7.4 26.0 4.2 6.5 | I | I 6.7 6.5 5.7 5.3 6.2 7.2 5.5 6-0 6.4 6.3 5.2 6.0 6.8 11.2 4.2 5.0 4.4 4.6 3.8 3.0 7.1 6.2 5.2 4.4 5.9 5.4 4.1 5.7 12.9 5.2 12.5 23.5 4.5 6.4 5.6 7.2 | | I i 7.4 7.0 5.2 5.3 7.5 6.8 5.3 5.1 5.8 6.2 5.5 7.8 5.0 5.0 4.1 5.1 4. 1 4.2 4.0 5.9 5.9 8.3 8.1 6.6 6.5 8.8 4.5 5.2 22.5 7.3 /.1 11.6 4.5 8.8 8.8 6.7 I J l I 7.9 6.5 5.8 5.2 7.0 5.7 5.2 5.5 5.9 5.6 5.4 4.7 5.4 8.5 6.1 6.7 6.7 4.9 2.7 5.6 4.9 3.9 5.7 6.3 4.0 7.2 40.9 10.5 4.8 6.1 2.8 I I | 5.8 6.5 5.4 6.2 7.3 5.7 5.4 6.1 5.6 5.9 7.7 3.2 • 334. 3Q 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 OTHER BANKS 6.7 7.5 6.8 7.4 20.3 6.9 7.6 5.7 7-7 6.5 5.7 5.8 16.7 17.3 9.5 12.6 15*1 11.9 15.0 24.4 1 I 1 | 9.2 8.2 7.0 8.0 8.9 8.0 10.6 8.6 17.4 9.4 7-6 15.2 11.9 11.5 5.3 9.3 6.9 6.2 5.6 7.6 6.8 7.5 6.5 6.8 10.5 6.3 5.8 6.7 18.5 17.5 21.8 15.6 9.6 10.6 7.0 7.4 1 I I I 7.9 8.8 7.6 7.6 11.8 7.6 6.7 9.1 12.3 11.0 9.3 7.5 12.5 5.8 5.1 8.2 7.6 5.9 5.9 6.2 8.0 6.3 6.2 8.1 6.9 6.2 5.3 6.3 18.1 12.9 14.0 13.5 7.9 17.4 7.0 9.6 I I I 1 8.4 8.2 7.0 7.4 10.9 8.6 6.8 7.2 8.3 9.6 7.0 7.1 6.4 5.4 4.5 7.1 8.0 5.2 9.6 6.1 6.6 6.3 7.6 7.9 6.9 5.3 5.0 8.3 12.2 12.8 24.2 9.6 6.7 5.7 7.3 6.0 | | | | 8.1 6.4 6.1 6.7 7.6 6.1 7.2 7.2 7.0 6.6 9.9 6.3 8.5 5.1 8.8 9.4 7.3 5.4 5.1 4.7 8.6 5.9 6.2 6.2 4.7 11.2 10.5 12.3 4.0 6.6 4.8 I | I 6.5 6.8 5.6 6.3 6.4 5.1 6.4 6.5 5.7 6.2 7.0 5.2 * AVERAGE MATURITY OF NONDEMAND LOANS, WITH EACH LOAN WEIGHTED BY ITS DOLLAR AMOUNT. ♦* "LARGE BANKS" ARE BANKS IN SURVEY STRATA 1-3, CORRESPONDING APPROXIMATELY TO BANKS WITH OVER $450 MILLION IN TOTAL ASSETS AS OF DECEMBER 1980. FOB ADDITIONAL INFORMATION, SEE NOTES TO STATISTICAL RELEASE E.2, FEDERAL RESERVE BOARD. 39 SURVEY OF TERMS OF BANK LENDING TO FASHEBS (NON-REAL-ESTATE LOANS MADE DURING FIRST REEK OF MIDDLE MONTH OF QUARTER) TABLE 335Q AMOUNT, NUMBER, AND AVERAGE AMOUNT OF LOANS MADE PURPOSE OF LOAN QUARTER i ALL LOANS | I FEEDER LIVESTOCK OTHER LIVESTOCK i OTHER CURRENT OPERATING _EXPENSES 335.1Q AMOUNT OF LOAN FARM MACHINERY AND EQUIPMENT OTHER 1 TO 9 10 TO 24 SIZE OF BANK 25 TO 99 100 AND OVER LARGE* OTHER AMOUNT OF LOANS MADE (MILLIONS OF DOLLARS) 1977-Q1.... -Q2.... -Q3.... -Q4---- 823. 925. 872. 709. | | | | 114. 156. 279. 170. 125. 124. 47. 85. 292. 380. 326. 233. 114. 91. 71. 64. 175. 171. 136. 155. 172. 197. 163. 146. 145. 213. 158. 137. 253. 236. 232. 197. 253. 229. 320,. 228. 1.67. 218. 305. 185. 657. 707. 568. 523. 1978-Q1----Q2----Q3.... -Q4-.--- 797. 995. 825. 949. | | | | 168. 235. 246. 380. 48. 86. 62. 104. 303. 359. 341. 293. 105. 83. 58. 76. 163. 208. 117. 95. 162. 186. 159. 135. 169. 175. 151. 187. 219. 256. 239. 327. 247. 379. 276. 301. 192. 316. 227. 208. 604. 679. 598,. 741. 1979-Q1____ -Q2----Q3..... -Q4.... 968. 1057. 818. 1197. | | | | 304. 268. 218. 499. 84. 128. 92. 72. 292. 426. 331. 387. 76. 112. 53. 81. 212. 123. 124. 153. 154. 201. 151. 160. 160. 181. 126. 184. 321. 324. 267. 416. 333. 351. 273. 436. 260. 246. 144. 202. 708. 81_. 673. 995, 1980-Q1----Q2.... -Q3----Q4.... 1142. 1211. 948. 1301. | | | | 303. 392. 203. 337. 118. 67. 85. 81. 472. 452. 390. 533. 103. 67. 71. 130. 126. 233. 198. 220. 149. 164. 146. 191. 177. 168. 182. 217. 406. 303. 290. 387. 410. 577. 330. 506. 213. 271. 182. 246. 929. 940. 766. 1056. 1981-Q1----Q2.... -Q3.... 1083. 1419. 918. | | | 183. 296. 253. 64. 119. 58. 523. 664. 451. 88. 124. 58. 219. 206. 98. 148. 188. 145. 166. 236. 143. 354. 402. 262. 415. 593. 367. 192. 244. 262. 892. 1175. 656. 335.2Q NUMBER OF LOANS HADE THOUSANDS) 1977-Q1.... -Q2.... -Q3.... -Q4---- 66.7 77.5 64.8 53.8 | | | | 6.2 8.5 8.8 9.8 8.4 9.1 6.5 6.5 30.1 40.3 32.7 21.8 11.5 11.2 8.6 7,3 10.3 8.4 7.8 8 .4 . 49.8 56.5 47.9 39.1 9.9 13.8 10.8 9.6 6.1 6.3 5.3 4.2 0.9 1.0 0.8 0.8 3.2 4.3 3-8 3.1 63.5 73.3 61.0 50.7 1978-Q1...... -Q2.... -Q3.... -Q4.... 64.8 70.0 63.4 58.3 | | | | 10.5 10.3 10.7 14.6 6.1 7.7 4.9 5.6 30.0 33.7 34.5 24.1 9.3 10.0 5.9 7.8 8.6 7.9 7.4 6.0 46.8 51.0 46.0 36.8 11.4 11.7 10.1 12.6 5.4 6.0 6.3 7.4 1.2 1.3 1.0 1.4 3.8 4.4 3.4 3.3 61.0 65.6 60.0 55.0 1979-Q1..... -Q2.... -Q3--- -Q4.... 62.5 74.3 59.2 65.9 ) | | | 10.9 10.8 6.9 11.1 6.2 6.6 5.3 5.6 26.8 41.5 32.4 33.0 8.1 8.9 6.9 9.0 10.5 6.5 7.6 7.0 43. 1 53.5 42.8 42.5 11.2 12.3 9.0 12.8 7.0 7.0 5.9 8.5 1.3 1.5 1.5 2.1 3.4 4.1 3.3 3.1 59.2 70.3 55.9 62.8 1980-Q1.... - Q 2 .... -Q3.... -Q4---- 63.9 64.7 60.1 72.1 | j | | 9.6 8.7 7.8 12.2 6.5 5.0 4.7 6.1 30.8 37.8 33.2 32.9 8.7 7.6 5.4 12.8 7.7 5.5 8.9 8.1 41.0 44.2 38.3 46.7 12.0 11.3 12.9 14.6 8.9 7.2 6.8 8.6 1.9 1.9 1.6 2.2 3.3 3.6 3.4 3.5 60.5 61.1 56.7 68.7 1981-Q1.... -Q2.... -Q3.... 60.8 77.6 56.8 | | | 6.4 8.7 5.9 4.6 5.8 3.5 37.0 47.5 36.5 6.0 9.5 5.7 6.6 6.0 5.3 39.2 50. 1 40.3 11.3 15.8 9.8 8.3 9-2 5.8 1.9 2.5 1.0 3.5 3.6 3.0 57.3 74.0 53.8 335.3Q AVERAGE AMOUNT OF LOAN (THOUSANDS OF DOLLARS) 1977-Q1...... -Q2.... -Q3.... -Q4.... 12.3 11.9 13.5 13.2 | 1 | | 18.2 18.2 31.7 17.4 14.9 13.6 7.2 13.2 9.7 9.4 10.0 10.7 9.9 8.1 8.3 8.8 17.0 20.3 17.4 18.5 3.5 3.5 3.4 3.7 14.7 15.4 14.6 14.2 41.3 45.2 4, 9 3. 47.0 282.0 238.1 391.2 287.5 52-3 50.9 79.6 59.8 10.3 9.7 9.3 10.3 1978-Q1.... -Q2.... -Q3--- -Q4.... 12.3 14.2 13.0 16.3 | | | | 16.1 22.6 22.9 25.9 7.9 11.2 12.8 18.4 10.1 10.7 9.9 12.1 11.2 8.3 9.9 9.8 19.1 26.3 16.0 15.9 3.5 3.6 3.5 3.7 14.9 14.9 14.9 14.8 40.2 42.5 38.1 44.2 203.2 300.7 274.0 213.5 50.4 72.4 66.5 63.5 9.9 10.3 10.0 13.5 1979-Q1.... -C2.... -Q3.... -Q4.... 15.5 14.2 13.9 18.2 | | | | 27.8 24.7 31.5 44.8 13.4 19.5 17.4 13.0 10.9 10.3 10.2 11.7 9.4 12.6 7.6 9.0 20.2 19.0 16.3 21.8 3.6 3.8 3.5 3.8 1, 3 4. 14.7 14. 1 14.4 46.2 46.2 45.0 48.7 253.6 237.6 186.6 209.4 76.9 60.3 43.8 65.1 12.0 11.6 12.0 15.8 1980-Q1.... -Q2.... -Q3.... -Q4.... 17.9 18.7 15.8 18.0 | | | i 31.7 45.3 25.8 27.5 18.3 13.5 18.1 13.3 15.3 12.0 11.8 16.2 11.8 8.8 13.1 10.1 16.4 42.0 22-3 27.3 3.6 3.7 3.8 4.1 14.8 14.8 14.1 14.9 45.5 42.1 42.6 44.8 212.4 296.2 209.6 234.4 64.0 76.3 53.3 71.1 15.3 15.4 13.5 15.4 1981-Q1.... -Q2----Q3.... 17.8 18.3 16.2 | | l 28.8 34.1 43.1 13.8 20.5 16.7 14.1 14.0 12.4 14.6 13.1 10.3 33.0 34.4 18.3 3.8 3.8 3.6 14.7 14.9 14.6 42.5 43.7 45.3 223.9 238.3 382.6 55.0 68.4 86.2 15.6 15.9 12.2 ♦ "LARGE BANKS” ARE BANKS IN SURVEY STRATA 1-3, CORRESPONDING APPROXIMATELY TO BANKS WITH OVER $450 MILLION IN TOTAL ASSETS AS OF DECEMBER 1980. FOR ADDITIONAL INFORMATION, SEE NOTES TO STATISTICAL RELEASE E.2, FEDERAL RESERVE BOARD. *o LAND VALUE AND CREDIT CONDITIONS SURVEY# SEVENTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF CHICAGO TABLE 341.1Q FARM NON-REAL-ESTATE LENDING EXPERIENCE DURING THE PRECEDING QUARTER# COHPARED WITH A YEAR EARLIER PERCENTAGE OF BANKS REPORTING FUND AVAILABILITY DEMAND FOR LOANS DATE OF SURVEY LONER SAME HIGHER 1 1970-Q1...J -Q2-- | -Q3...J -Q4...I 18. 17. 10. 13. 47. 50. 45. 51. 35. 33. 45. 37, 1971-Q1...| -Q2... | -Q3...I -Q4...I 19. 12. 8. 9. 48. 42. 40. 48. 33. 46. 52. 44. 1972-Q1. •• | -Q2...I -Q3... | -Q4...| 16. 10. 9. 9. 47. 44. 48. 48. 37. 46. 44. 43. 1973-Q1.. .. | -Q2...| -Q3...J -Q4...I 12. 10. 11. 14. 45. 32. 34. 36. 42. 58. 55. 50. 1974-Q1... 1 -Q2...I -Q3...| - Q4, .. | 21. 20. 14. 20. 33. 33. 31. 33. 46. 47. 56. 46. 1975-Q1.•.| -Q2...| -Q3...| -Q4...I 25. 19. 13. 14. 28. 29. 32. 40. 47. 52. 55. 46. 1976-Q1.•.| -Q2...I -Q3...I -Q4...I 15. 10. 8. 10. 36. 39. 37. 40. 49. 51. 55. 50. 1977-Q1...| -Q2-- | -Q3...I -Q4...I 8. 6. 3. 4. 34. 27. 26. 30. 58. 67. 72. 65. 1978-Q1.••| -Q2...I -Q3... | -Q4...I 10. 10. 9. 5. 33. 28. 34. 33. 57. 62. 57. 62. 1979-Q1...I -Q2...I -Q3...| -Q4...I 16. 11. 11. 13. 33. 23. 31. 34. 51. 67. 58. 54. 1980-Q1...| -Q2...| -Q3...I -Q4...I 30. 47. 56. 48. 29. 22. 22. 32. 41. 32. 21. 20. 1981-Q1...| -Q2...J -Q3...I -Q4...I 63. 49. 42. 52. 24. 31. 32. 29. 13. 19. 27. 18. LONER I 1 1 J 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 I 1 1 1 1 | SAME 33. 29. 25. 13. 54. 58. 61. 64. 13. 13. 14. 23. 10. 8. 8. 7. 53. 45. 46. 54. 37. 47. 46. 39. 6. 5. 8. 4. 44. 41. 45. 45. 50. 54, 47. 50. 5. 10. 15. 27. 53. 42. 47. 47. 42. 47. 38, 27. 16. 11. 32. 45. 43. 45. 47. 41. 41. 44. 21. 14. 29. 22. 14. 10. 43. 49. 51. 49. 28. 29. 35. 41. 11, 11. 9. 13. 48. 48. 48. 49. 41. 41. 43. 38. 12. 17. 25. 37. 46. 50. 47. 49. 42. 33. 28. 14. 31. 38. 41. 48. 51. 45. 45. 40. 18. 17. 14. 12. 50. 60. 50. 49. 38. 30. 39. 40. 12. 11. 11. 11. 45. 58. 23. 12. 43. 36. 47. 45. 12. 7. 30. 43. 10. 8. 18. 16. 38. 42. 43. 45. 53. 49. 39. 39. RENEHALS OR EXTENSIONS LOAN REPAYMENT RATE LONER HIGHER 1 1 1 1 1 i 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 J 1 1 SAME HIGHER 8. 10. 13. 13. 68. 70. 75. 79. 24. 20. 11. 8. 27. 24. 20. 16. 65. 68. 70. 74. 8. 8. 10. 10. 12. 6. 5. 3. 70. 72. 76. 74. 18. 22. 20. 23. 22. 9. 7, 6. 54. 57. 66. 65. 24. 34. 27. 30. 6. 8. 27. 28. 46. 49. 59. 59. 48. 43. 14. 13. 37. 44. 30. 15. 46. 48. 60. 64, 17. 8. 10. 21. 21. 18. 14. 19. 59. 64. 69. 69. 21. 18. 16. 12. 28. 30. 40. 52. 62. 61. 55. 45. 10. 9. 6. 4. 50. 46. 29. 28. 42. 45. 61. 61, 9, 9. 10. 12. 26. 30. 22. 21. 56. 55. 65. 69. 18. 15. 13. 10. 33. 58. 44. 25. 55. 33. 43. 55. 12. 9. 12. 20, 22. 29. 38, 52. 42. 52. 53. 42. 36. 19. 8. 6. 1 i 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 —_ 1 LONER I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 SAME COLLATERAL REQUIRED HIGHER 18. 18. 10. 9. 6265. 71. 74. 20. 17. 20. 17. 7. 7. 7, 9. 59, 63. 67. 72. 34. 30. 26. 19. 16. 17. 19. 20. 69. 73. 74. 72. 15. 10. 7. 8, 22. 30. 23. 28. 52. 56. 65. 64. 26. 14. 12. 8. 43. 41. 13. 11. 47. 47. 57. 58. 10. 12. 30. 32. 14. 7. 11. 19. 45. 42. 56. 62. 41. 51. 33. 19. 20. 17. 16. 12. 57. 58. 67. 68. 23. 26. 17. 20. 10. 13. 4. 3. 56. 56, 51. 41. 34. 34. 45, 56. 5. 7. 9. 9. 40. 42. 57. 60. 56. 5. 2. 34. 31. 14. 11. 10. 10. 56. 52. 63. 64. 30. 37. 27. 27, 106. 916. 53. 33. 45. 55. 38. 61. 45. 28. 26. 17. 6. 3. 49. 51. 50. 38. 25. 32. 43. 58. LONER 1 1 1 i 1 1 1 1 1 1 1 1 1 1 1 1 1 1 J 1 1 1 1 1 1 I SAME HIGHER 1. 1. 1. 0. 74. 76. 78. 81. 2523. 21. 19. 0. 1. 1. 2. 83. 79. 86. 86. 17. 20. 13. 12. 1. 1. 2. 1. 87. 88. 91. 92. 13. 11. 8. 7. 1. 2. 3, 2. 93, 88. 86. 84, 6. 10. 11. 14. 4. 3. 1. 1. 82. 83. 76. 67, 14. 14. 23. 33. 1. 1. 0 1. 69. 71. 78. 81. 30. 29. 22. 18. 1. 1. 1. 1. 83. 81. 83. 85. 16. 18. 17. 14. 1. 0 0 0 , . . 0. 0. 0. 0. 83. 83, 80. 73- 16. 17. 19. 26. 77. 71. 76. 75. 23. 29. 24. 25. 1. 0 0 0 75. 69. 74. 67. 24. 31. 26, 33. 67. 42. 62. 71. 33. 57. 38. 29. 75. 71. 68, 62. 24. 28. 32. 38. 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 . . . . 0. 1. 0. 0. 0. 1. 0. 0. 41 LAND VALUE AND CREDIT CONDITIONS SURVEY, S E V E N T H F E D E R A L R E S E R V E D I S T R I C T — FEDERAL RESERVE BANK OF C H I C A G O TABLE 341.2Q FARM NON-REAL-ESTATE LOAN VOLUME E X P E C T E D D U R I N G T H E C U R R E N T QUARTER, COMPARED WITH VOLUME OF LOANS MADE A YEAR EARLIER P E R C E N T A G E O F B A N K S REPORTING FEEDER CAT T L E TOTAL D ATE OF SURVEY LONER S AME HIGHER DAIRY LONER SAME HIGHER LONER SAME HIGHER C R O P S T ORAGE OPERATING FARM LONER*’s a m e " h i g h e r ” ""l o n e r " s a m e " h i g h e r ” MACHINERY LONER SANE HIGHER 1970-Q2... -Q3... - Q 4 . .. 8* 13. 10. 60. 59. 61. 32.. 29. 29.. 19. 19. 27. 56. 58. 51. 25. 23. 23. 23. *** ♦** 69. ♦ ** ♦ ** 8. *** *** ♦«* *** 15. *** ♦** 54. *** *** 31. 8. 10* 9. 49. 52. 57. 44* 38. 34. 30. 32. 29. 44. 4549. 25. 23. 22. 1971-Q1... -Q2... -Q3---Q4... 9. 6.. 7. 7. 55. 52. 56. 52. 36. 42. 37. 41. 32. 22. 18. 13. 58. 65. 66. 48.. 9. 13. 17. 39. *** *** *** *** *** ♦** *** **♦ *** *** *** *** 14. *** *** 6. 57. **« *** 53. 29. *** *** 41. 6. 5. 9. 8. 47. 34* 48. 59. 46. 60. 44. 33. 34. 26. 20. 14. 49. 47. 57. 58. 17. 27* 23. 28. 1972-Q1... -Q2... -Q3... -Q4... 10. 6. 7. 10. 53. 48. 60. 50. 38. 46. 33. 40. 13. 16. 18. 19. 60. 59. 50. 43. 27. 24. 32. 38. 13. 14. ♦** *** 76. 72. *** *** 10. 14. *** *** 13. ♦** *** 12. 63. *** *** 60. 24. *** ♦** 28. 10. 7. 10. 18. 48. 42. 55. 56. 42. 51. 35. 26. 11. 7. 10. 9. 54. 51. 60. 47. 35. 42. 30. 44. 1973-Q1... -Q2... -Q3... -Q4. • . 12. 8. 10. 22. 42. 31. 46. 35. 46. 61. 45. 42. 15. 23. 38. 28. 55. 43. 38. 40. 30. 34. 24. 32. 14. 15. 24. 23. 73. 66. 60. 61. 13. 19. 16. 16. 18. 16. 12. 10. 61. 60. 50. 44. 21. 23. 38. 46. 11. 7. 9. 21. 36. 27. 39. 41. 52. 66. 52. 39. 8. 5. 9* 12. 39. 26. 39. 30. 53. 69. 53. 58. 1974 - Q 1 ... -Q2... - Q 3 . .. -Q4... 22. 11. 16. 28. 36. 30. 40. 36. 42. 59. 44. 36. 37. 53. 59. 67. 40. 35. 33. 26* 23. 12. 8. 7. 22. 24. 27. 37. 60. 59. 62. 51* 17. 17. 11. 11. 20. 17. 14. 16. 50. 57. 57. 43. 29. 26. 30. 41. 16. 7. 6. 12. 28. 19. 28. 30. 56. 74. 66. 58. 15. 8* 22* 25. 28* 28. 37. 36. 56. 64. 42. 40. 1975-Q1... -Q2... -C3... -Q4... 23. 14. 14. 21. 29. 30. 43. 43. 48. 55. 43. 35. 73. 58. 36. 28. 22. 33. 42. 42. 5. 9. 22. 30. 44. 33. 25. 27. 48. 56. 66. 64. 8. 11. 9. 9. 23. 23. 17. 14. 47. 53. 57. 53. 30. 24. 27. 32* 9. 4* 7. 18. 21. 18. 32. 42. 70. 78. 61* 40. 25. 28. 26. 15. 35. 36. 40. 40. 39. 36. 34. 45. 1976-Q1... -Q2... -Q3. . . -Q4... 13. 8. 9. 10. 43. 39. 46. 42. 44. 53. 45. 48. 21. 27. 36. 41. 51. 52. 50. 45. 28. 21. 14. 14. 23. 22. 26. 23. 66. 65. 61. 65. 11. 13. 13. 11. 14. 17. 16. 12. 53. 57. 55. 50. 33. 25. 29. 38. 9. 7. 7. 8. 36. 31. 38. 40. 55. 62. 56. 52. 12. 11. 12. 16. 43. 38. 45. 41. 45. 51. 43. 43. 1977-Q1... -Q2... -Q3. . . . -Q4. • . 7. 4. 7. 11. 38. 32. 36. 31. 56. 64. 57. 57. 22. 31. 25. 13. 54. 53. 54. 50. 24. 16. 20. 37. 20. 21. 17. 18. 67. 62. 71. 69. 13. 18. 12. 12. 11. 14. 12. 11. 50. 54. 44. 26. 38. 32. 44. 63. 4* 2. 4. 9. 31. 21. 29. 30. 65* 77. 66. 61. 16. 14. 30. 55. 41. 39. 39* 30. 4348. 30. 15. 1978-Q1... -Q2... . -Q3... - Q 4 . .. 10. 8. 10. 11. 39. 29. 45. 40. 51. 63. 45. 49. 14. 13. 18. 17. 55. 46. 50. 40. 30. 41. 31. 44. 16. 15. 15. 17. 73. 67. 73. 68. 11. 18. 12. 15. 16. 17. 13. 12. 45. 55. 57. 40. 39. 28. 29. 48. 8. 7. 9. 13. 31. 23. 38. 40. 61. 71. 53. 47. 45. 35,. 26. 20. 37. 34. 44. 43. 18. 31. 30. 37. 1 9 7 9 - Q 1 •.. -Q2... -Q3... -Q4... 19. 10. 16. 22. 39. 32. 39. 38. 42. 58. 45. 40. 26.. 26. 31. 29. 40. 40. 48* 40. 34. 34. 21. 30. 21. 17. 18. 21. 68. 65. 70. 67. 12. 18. 12. 11. 20. 20. 25. 23. 55. 55. 57. 52. 25. 25. 18. 26. 10. 7. 8. 15. 35. 25. 36. 34. 54. 68. 57. 50. 25. 17. 22. 28. 41. 35. 42. 37. 35. 48* 36. 35. 198 Q - Q 1 . .-Q2... -Q3... -Q4... 26. 54. 42. 35. 3318. 36. 41. 41. 28. 22. 24. 35. 70. 42. 32. 47. 26. 49. 51. 18. 4. 9. 16. 28. 41. 28. 22. 64. 53. 65. 70. 8. 6. 7. 9. 23. 49. 36. 32. 48. 33. 51. 49. 29. 18. 13. 18. 14. 31. 20. 21. 26. 20. 33. 45. 60. 49. 47. 34. 41. 86. 73. 45* 35* 9. 21. 33. 23. 4. 7. 22. 1981 - Q 1 .• . — Q2. .. . -Q3. .. -Q4. « . 43. 27. 36. 44. 37. 41. 40. 33. 20. 32. 24. 23. 51. 57. 56. 60. 45. 40. 37. 34. 4. 3. 7. 7. 32. 27. 31. 36. 60. 64. 62. 59. 8. 9. 7. 5. 40. 35. 38. 31. 46. 52. 45. 39. 14. 13. 16. 30. 25. 13. 18. 23. 33. 30. 32. 34. 42. 57. 50. 42. 49. 46. 56. 70. 32. 36. 32. 24. 18. 18. 11. 6. 42 L A N D VALUE A N D C R E D I T C O N D I T I O N S SURVEY, T A B L E 3 4 1 . 3Q L O A N / D E P O S I T RA T I O S TABLE 341. 4 Q 1LOAN/DEPOSIII RA TIO | | H I GHER LONER 1 DESIRED. 1 D E SIRED 1970-Q1.. . | -Q2... | -Q3...1 ~Q4. . . 1 55. 55. 5.6. *** I | 1 | 23. 25. 17. ♦♦♦ 49. 47. 46. *** 20. 28. 37. ♦ ** 1971— Q 1 « • . | -Q2...I -Q3...| *** 54. 55. 55. j I | 1 ♦** 44. 47. 45. *** 41. 35. 38. *** isis. 17. 1972-Q1...| -Q2...| -Q3...| -Q4...| 54. 54. 55. | I I | 46. 52. 49. 55. 36. 34. 32. 31. 17. 14. 19. 14. 1973-Q1___ | -Q2...J -Q3. . . | . -Q4..-I 54. 54. I I 1 1 51. 51. 45. 41. 32. 32. 34. 37. 17. 17. 20. 22. 1974— Q 1 . . . | - Q 2 ---| -Q3...I -QU...| 55. 48. 52. 36. 30. 32. 31. 37. 38. 20,. 17. 27. 32. 57. 56. 56. 57. I | | | 1 | | | | 32. 35. 39. 42. 36. 37. 39. 36. 32. 28. 1976-Q1. . . | -Q2...I -Q3...| -Q4...| 57. 56. 57. 59. | | | 1 42. 44. 43. 41. 34. 34. 23. 20. 24. 25. 1 9 77-Q1---| - Q 2 ---* -Q3...| 59. 59. 61. 64. | | | | 39. 35. 32. 22. 35. 37. 30. 32. 26. 28. 38. 46. 1 978-Q1. . . | . -Q2...I -Q3- | 62. 64. 64. 66. | | | t 27. 23. 22. 19. 32. 33. 33. 28. 41. 44. 46. 52. 1979-Q1| -Q2...| -Q3— • | -Q4...I 65. 67. 67. 68. I I 1 | 17. 15. 14. 15. 33. 27. 31. 33. 50. 58. 52. 1980-Q1...| -Q2...I -Q3...| 66. 66. 65. 62. | I | | 16. 1129. 40. 36. 38. 40. 39. 48. 51. 31. 21. 19 8 1 - Q 1 ---| -Q2...I -Q3...I -Q4.•.| 1 61. 60. 61. 61. | | I i J 42. 47. 42. 42. 38. 36. 38. 37. 20. 17. 20. 21. 1975 - Q 1 . . . | -Q2...I -Q3...J T Y P I C A L I N T E R E S T R A T E S C H A R G E D ON F ARE L O A N S (AVERAGE, PER CENT) 1P E R C E N T A G E OF B ANKS R E P O RTING 1 DATE OF SURVEY S E V E N T H FED E R A L R E S E R V E DI S T R I C T — F E DERAL R E S E R V E BANK OF C H I C A G O 55. 55. 56. 54. 58. 57. 3 6 . 3 3 . 22. 22. 55. DATE OF SURVEY | FE E D E R C A T T L E | LOANS 1 - 1 9 6 7 - Q 1 ... | -Q2...| -Q3...I -Q4...I 6.42 6.41 6.39 6.42 1968-Q1.••| -Q2...I -Q3...I -Q4...| OPERATING LOANS R E A L ESTATE LOANS * **** ***** ***** ***** ***** ***** * **** 6 .52 6.67 6.85 6.86 ***** ***** *** * * * * *** ***** ***** ***** * **** 1969-Q1. . . | -Q2...| -Q3...I ~Q4...J 6.85 7.04 7.19 7.47 ***** ***** ***** ***** ***** ***** ***** ***** 197 0 - Q 1 . . • | -Q2...| -Q3...I -Q4...I 7.59 7.73 7.78 7.81 ***** * **** * **** *** * * 7.81 *** * * 8.00 ***** 19 7 1 - Q 1 . . • | -Q2...I - Q 3 ---| -Q4. .. | 7.81 7.58 7.57 7.57 * * *** * * *** * * *** ***** 8.03 7.76 7.70 7.74 1 9 72-Q1. . . | -Q2...| -Q3. . . | -Q4.-.| 7.54 7.46 7.44 7.47 ***** ***** ***** *** * * 7.69 7.62 7.61 7.64 1973-Q1...J -Q2...| - Q3» • • | -Q4...| 7.52 7.55 7.69 8.27 ***** ***** ***** * **** 7.67 7.71 7.81 8.35 1974 - Q 1 ... | -Q2...J -Q3...| -Q4...| 8.28 8.30 8.60 9.05 * **** * **** ***** * **** 8.50 8.39 8.60 9.06 197 5 - Q 1 . • • | -Q2- . . I -Q3...I -Q4...I 8.95 8.84 8.76 8.81 * **** * **** *** * * 8.90 9.04 8.94 8.89 8.96 1 9 76-Q1. . . | -Q2...I -Q3....I -Q4...I 8.80 8.74 8.79 8.76 8.89 8 .85 8 .87 8.97 8.95 8.95 8.96 1977- Q 1 . .•1 -Q2...I -Q3...I -Q4...J 8.71 8.71 8.74 8.79 8.83 8.82 8.84 8.89 8.92 8.91 8.93 8.97 197 8 - Q l ... | -Q2...J -Q3...I — Q 4 . .. | 8.85 8.90 9.12 9.40 8.91 9 .00 9.21 9.50 9.00 9.07 9.30 9.61 1979— Q 1 ... | - Q2...| -03...| -Q4...I 10. 14 10.46 10.82 11.67 10.25 10.54 10.91 11.73 10.20 10.47 10.83 11.41 1980-Q1...| -02...| -03... | -Q4...| 13.52 17.12 13.98 14.26 13.57 17.13 14.01 14.31 13.02 16.17 13.47 13.71 1981-Q1. . . | -Q2...I -Q3...| -Q4...J 17.34 16.53 17.74 18.56 17.39 16.55 17.78 18.57 15.73 15.38 16.39 17.47 8.88 LAND VALUE AND CREDIT CONDITIONS SURVEY# SEVENTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF CHICAGO TABLE 341.SQ TR E N D S IN FA R M REAL ES T A T E V A L U E S AND LO A N VOLUHE MARKET V A LUE OF G O O D FA R M L A N D PER C E N T A G E OF BANKS EXPECTING D ATE O F SURVEY | P E R C E N T A G E C H A N G E | P E R C E N T A G E OF BANKS E XPECTING j FROM P R E V I O U S — J T R END DU R I N G T HE C U R R E N T Q U ARTER TO BE— I YEAR | 1 QUARTER DOWN ____ S T A B L E __ 1 UP 1 1961-Q1...| -1. -3. J 42. 55. 4. 0. -3. | 25. 69. 6. - Q 3 ---| 2. -2. | 15. 75. 10. -<24...| 2. 74. 17. 2. | 9. *** 1. *** 0. *** 4. *** 1963-Q1.. . | -Q2...J -Q3...I -Q4.. - . 1 1. 0. 2. 1. 1964-Q1. . . | - Q 2 ---| -Q3...J -Q4...| 1. 1. 1. 2. 196 5 - Q 1 • . . i -Q2... | -Q3...| -Q4...I | | } *** 6. 1- i *** 13. 3. | I | 1 3. 4. 3. 1. 2. 1. 2. 1966-Q1• . . t -Q2-..I - Q 3 ---| -Q4...| DURING T H E C U R R E N T QUARTER, AS C O M P A R E D HITB VOLU M E MADE A YEAR EARLIER, TO BE— LON E R SAME HIGHER *** *** *** *** »*« *** *** *** *** *** *** 10. *♦* 75. *** 81. *** 19. *** 10. *** *** *** ♦ ** ♦ ** *** *** *** *** *** *** *** 4. 5. 3. 5. 76. 71. 74. 59. 20. 24. 23. 36. *** *** *** *** *♦* **♦ *** *** **♦ *** | | | 1 2. 1. 2. 1. 61. 58. 61. 54. 37. 41. 37. 45. *** *** *** *** **♦ *** *♦* *** *** *** *** *♦* 5. 6. 5. 7. | | 1 1 1. 1. 0. 1. 45. 39. 42. 24. 54. 60. 58. 75. *** *** 2. *** *** *** 73. *** *** *** 25. *** 2. 4. 1. 3. 8. 10. 9. 9. | | I I 0. 0. 1. 1. 26. 17. 28. 34. 74. 83. 71. 65. 3. *** *** 4. 67. *** *** 64. 30. **♦ *** 33. 1967-Q1...| -Q2...I -Q3...| -Q4...J 2. 2. 1. 2. 8. 7. 5. 6. | I | | 1. 1. 1. 2. 42. 44. 51. 45. 57. 56. 48. 53,. *** *** 8. 13. **♦ *** 76. 72. *** *** 15. 15. 19 6 8 - Q 1 ... | -Q2...I -Q3...I -Q4...I 2. 2. 0. 1. 6. 6. 6. 3. | | | | 8. 8. 6. 13. 59. 56. 58. 59. 33. 36. 35. 28. *** *** 27. 28. *** *** 63. 62. *** ♦** 11. 10. 1969-Q1...| -Q2...I -Q3...1 2. 1. 2. 0. 5. 3. 4. 4. 1 1 | | 8. 14. 12. 20. 68. 62. 66. 66. 24. 24. 22. 14. 12. *** ♦ ** 44. 81. *** *** 50. 7. *** *** 5. 1970-Q1...| “ Q 2 ---| -Q3...I -Q4...J 0. 1. 0. 0. 4. 1. -1. 0. | | | | 22. 21. 15. 17. 64. 68. 78. 72. 14. 11. 8. 11. 41. *** 35. 31. 52. *** 60. 59. 8. *** 5. 10. 1971-Q1..-I -Q2...I -Q3...I -Q4...I 1. 1. 2. 1. 1. 2. 3. 4. | I I I 14. 6. 1. 3. 75. 80. 83. 81. 11. 14. 16. 16. 28. 17. 13. 9. 63. 68. 75. 76. 9. 15. 11. 15. 1972-Q1. ..| -Q2...I -Q3...I -Q4...I 1. 1. 2. 3. 4. 4. 3. 6. I I | 1 3. 1. 0. 1. 75. 65. 66. 47. 22. 34. 34. 52. 11. 8. 10. 8. 72. 70. 72. 67. 17. 23. 18. 25. 1973-Q1. . • | -Q2...1 -Q3...I 2. 6. 4. 8. 711. 13. 17. 1 | 1 | 1. 0. 1. 1. 52. 44. 43. 43. 47. 56. 56. 56. 8. 7. 12. 17. 70. 61. 63. 62. 22. 32. 25. 21. 19 7 4 - Q 1 . . . | -Q2...I -Q3...J -Q4...I 5. 12. 3. 8. 24. 34. 29. 25. | | | | 2. 3. 8. 5. 52. 53. 67. 66. 46. 44. 25. 29. 17. 11. 26. 35. 64. 62. 61. 54. 19. 27. 13. 11. 197 5 - Q 1 . . . | -Q2...I -Q3...I -Q4...I 3. 2. 4. 9. 23. 14. 15. 17. | | | | 9. 8. 6. 1. 77. 79. 81. 56. 14. 13. 13. 43. 34. 26. 23. 20. 56. 62. 68. 68,. 9. 12. 9. 12. 1976-Q1. . . | -Q2...| -Q3...I -Q4...1 7. 7. 6. 8. 22. 27. 30. 29. | | | | 3. 1. 1. 2. 68. 67. 58. 55. 29. 31. 41. 43. 15. 11. 17. 15. 73,. 71. 65. 67. 13. 18. 18. 19. 1977-Q1...| -Q2...| -Q3...| -Q4...J 5. 8. 4. -1. 28. 30. 30. 18. | | | | 2. 1. 9. 34. 61. 51. 65. 56. 37. 48. 26. 10. 16. 12. 18. 36. 64. 65. 66. 56. 20. 23. 16. 8. 1978-Q1...I -Q2. . . 1 -Q3...I -Q4...I 1 197 9 - Q 1 . . • | -Q2. •. | -Q3...I -Q4...I 1 1980-Q1...I - Q 2 ---| -Q3...J -Q4...1 2. 4. 4. 4. 13. 7. 8. 15. | I | | 16. 6. 3. 3. 74. 71. 74. 69. 10. 23. 23. 28. 31. 25. 25. 29. 61. 63. 64. 62. 8. 13. 10. 9. 3. 2. 3. 6. 17. 16. 13. 17. | | | | 2. 3. 2. 3. 70. 62. 65. 56. 28. 35. 33. 41. 35. 31. 29. 37. 58. 59. 62. 57. 7. 10. 9. 6. -2. -2. 2. 5. 14. 9. 3. 3. | 1 | | 4. 47. 20. 5. 70. 50. 73. 66. 26. 4. 7. 29. 46. 74. 56. 40. 51. 25. 42. 56. 2. 1. 2. 4. 4. 2. 1. 1. 7. 10. 14. 9. 1 | | I 4. 3. 8. 28. 62. 71. 78. 68. 33. 26. 14. 4. 43. 35. 49. 60. 54. 61. 50. 38. 3. 4. 1. 2. 1962-Q1. • . | -Q3...J -Q4...I 1981-Q1. • . | -Q2...I -Q3. . . t -Q4...I 1 44 SURVEY OP CURRENT AGRICULTURAL CREDIT CONDITIONS, NINTH PEDERAL RESERVE DISTRICT— PEDERAL RESERVE BANK OP MINNEAPOLIS TABLE 342- 1Q C U R R E N T FARM L E N D I N G E X P E R I E N C E PER C E N T A G E OP B A N K S R E P O R T I N G D ATE OP SURVEY C U R R E N T E X P E R I E N C E C O M P A R E D HITH USUAL C O N D I T I O N S 1 1 | | 1 ( D E M A N D FOR NON -RE A L - E S T A T E LOANS 1 1964-Q1...1 -Q2...J -Q3...| -Q4....I I 1965-Ql.•.| -Q2...| -Q3...J -Q4...| | 1 SHORT - T E R M LOW El HIGHER 9. 7. 15. 16. 66. 76. 68. 71. 25. 17. 17. 13. 8. 7. 3. 17. 57. 60. 69. 78. 35. 33. 28.. 5. 1966-Q1. • . | -Q2. . . i . -Q3. • . | -Q4...I i 1967-Q1...| -Q2...j -Q3...J -Q4...I 9. 6. *** 10. 70. 78. *** 77. 21. 16. *♦* 13. 8. 3. 3. 14. 77. 80. 65. 77. 15. 17. 32. 9. 1968-Q1...| -Q2...| -Q3...I -Q4...I 2. 3. 2. 4. 76. 76. 72. 87. 22. 21. 26. 9. 1969-Q1. . . | . -Q2...I -Q3. .. 1 8. 10. 5. 10. 82. 72. 81. 76. 10. 18. 14. 14. 6. 2. 3. 7. 76. 78. 66. 81. 18. 20. 31. 12. 8. 4. 4. 6. 74. 62. 74. 84. 18. 33. 22. 11. 1972-Q1.• . | -Q2...I -Q3...| -Q4... | 6. 2. 2. 11. 79. 85. 84. 81. 15. 13. 13. 7. 1 9 7 3 - Q 1 . •.) -Q2. .. I -Q3...I -Q4...I 17. 13. 8. 20. 72. 64. 72. 67. 12. 23. 20. 13. 1974-Q1.. . | -Q2...I -Q3...I -Q4...I 19. 25. 6. 12. 62. 54. 66. 65. 19. 21. 28. 24. 19 7 5 - Q 1 . . . | -Q2.•.| -Q3...| -Q4...I 15. 11. 9. 12. 55. 59. 56. 79. 30. 30. 35. 10. 1976-Q1...| -Q2. . . | . -Q3...| -Q4...I 7. 4. 8. 13. 64. 75. 61. 57. 30. 20. 31. 30. 1977-Q1...J -Q2. • . | -Q3...| -Q4...| 9. 8. 3. 8. 55. 53. 60. 60. 37. 39. 37. 31. 1978-Q1...| -Q2...| -Q3...| -Q4...J 6. 5. 1. 6. 69. 66. 72. 63. 26. 29.. 28. 31. 1979-Q1...I -Q2...| -Q3...J 3. 1. 4. 6. 70. 69. 54. 43. 28. 30. 42. 51. 1980-Q1...| -Q2...| -03.-. | ~Q4. .. | 15. 26. 38. 36. 55. 50. 49. 60. 31. 24. 14. 4. 1981-Q1... | -Q2...| -Q3...| -Q4...| 58. 33. 31. 35. 39. 57. 55. 60. 3. 10. 13. 5. 1 1970-Q1...J -Q2...I -Q3...I -Q4...J ! 1971-Q1...( -Q2...J -Q3...I -Q4...J INTERME D I A T E - TERM jO HBB I 1 1 1 1 1 1 1 1 1 I J 1 I 1 1 1 1 1 1 1 1 1 1 1 1 1 l 1 1 i 1 1 1 1 1 l 1 1 1 1 1 1 1 1 1 1 1 1 1 ) I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 l 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 -J___ SAME 1 1 1 1 D E MAND F OR DEBT EXTE N S I O N OR REFINA N C I N G 1 1 1 1 1 1 i 1 J 1 1 1 DEBT REPAYMENT LOHEI SAME H *♦* *** *** **♦ *** *** *** *** ♦«* *** *** *** *** ♦** *** ♦** *** *** **♦ *** **♦ *** *♦* *** *** *** *** ♦** *** *** ♦** **♦ *** *** **♦ *** *«* * ** *** 7. **♦ ♦ ** **♦ 87. *** *♦* *** 6. 6. 8. 5. 7. 80. 76. 84. 85. 14. 16. 11. 8. 7. 11. 810. 82. 76. 79. 80. 12. 13. 13. 10. 7. 12. 14. 12. 85. 76. 69. 83. 9. 11. 17. 5. 15. 12. 5. 9. 79. 75. 87. 79. 6. 13. 8. 12. 5. 2. 5. 5. 85. 85. 85. 85. 10. 13. 10. 10. 7. 5. 5. 11. 85. 77. 81. 71. 9. 18. 14. 17. 14. 14. 11. 16. 77. 74. 77. 72. 9. 12. 12. 12. 23. 13. 17. 15- 67. 71. 68. 74. 10. 16. 15. 12. 12. 920. 23. 73. 78. 70. 63. 15. 13. 9. 14. 25. 25. 20. 22. 50. 58. 66. 56. 25. 17. 14. 21. 22. 13. 6. 7. 67. 73. 75. 72. 11. 14. 19. 22. 9. 8. 6. 9. 76. 71. 67. 65. 15. 21. 27. 26. 29. 52. 74. 46. 60. 41. 23. 50. 12. 7. 3. 4. 71. 56. 59. 64. 28. 4139. 33. 3. 2. 3. . 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 ( 1 1 1 1 1 1 1 1 1 1 ) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 i i i i i i i i I I i i i ) i i J i i i *** *** 5. 9. #*♦ *«* 52. 53. **♦ *** 43. 38. 2. 2. 11. 21. 38. 43. 62. 63. 60. 55. 27. 16. 20. 15. ♦** 22. 50. 65. *** 68. 30. 20. *** 10. 18. 611. 16. 7079. 81. 71. 12. 15. 813. 826. 17. 65. 65. 70. 79. 27. 33. 24. 4. 139. 11. 14. 72. 71. 76. 78- 15. 20. 13. 8. 14. 10. 10. 6. 67. 73. 77. 82- 19. 17. 13. 12. 6. 4. 3. 9. 58. 71. 85. 83. 36. 25. 12. 8. 10. 4. 5. 16. 74. 81. 87. 79. 15. 15. 8. 5. 30. 24. 19. 44. 66. 69. 77. 54. 4. 6. 5. 2. 42. 40. 20. 17. 53. 50. 64. 59. 5. 10. 16. 24. 7. 8. 7. 13. 49. 47. 52. 63. 4545. 41. 24. 4. 45. . 58. 54. 61. 51. 38. 42. 34. 47. 1. 1. 2. 1. 30. 34. 43. 38. 6964. 55. 61. 1. 2. 4. 10- 36. 50. 76. 73. 63. 48. 20. 17. 13. 10. 11. 5. 71. 76. 69. 58. 16. 14. 19. 37. 7. 4. 69. 51. 40. 51. 68. 41. 55. 43. 23. 8. 7. 6. 4. 61. 56. 53. 55. 31. 37. 41. 42. 1 PRO P O R T I O N OF FARM CUST O M E R S L O A N E D OP TO THEIR PR A C T I C A L D EBT LIMIT, C O MPARED HITH A Y EAR EARLIER 1 1 1 1 1 1 1 1 1 i 1 1 1 j 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 i 1 1 1 1 1 1 1 l 1 1 1 1 1 1 1 1 1 1 I 1 1 1 1 1 1 1 i 1 t 1 1 1 1 1 1 1 1 1 !_ 28. 23. 34. 27. 62. 76. 66. 71. 10. 1. 0. 2. 5346. 26. 11. 46. 52. 70. 75. 1. 2. 414. 23. 10. *** 6. 67. 84. 80. 10. 6. *♦* 14. 11. 162 10. 6. 74. 8389. 87- 151. 1. 7. 26. 26. 0. 6. 73. 74. 83. 80. 1. 0. 1714. 12. 19. 6. 84. 79. 87. 89. 4. 2. 25. 11. 14. 1616. 82. 85. 82. 82. 7. 2. 1. 2. 38. 25. 19. 9. 59. 75. 81. 87- 4. 01. 3. 18. 12. 7. 2. 77. 86. 92. 862 6. 2. 112. 0. 2. 1. 3. 74. 76. 8056. 26. 23. 18. 40. 4. 6. 23. 35. 61. 6671. 57. 3628. 6. 8. 52. 50. 34. 21. 40. 45. 65. 74. 8. 5. 1. 4. 31. 4235. 60. 68. 58. 6338- 75. 75. 62. 74. 2525. 38. 26. 0 0 6155. 28. 28. 39. 45. 67. 67. 5. 4. 21. 18. 20. 46. 71. 72. 77. 52- 8. 10. 3. 2. 46. 64. 62. 32. 50. 36. 36. 59. 4- 30. 44. 43. 49. 58. 53. 55. 49. 11. 4. 23- . 11 1. 0 . 2. 201. . . 1. 0 0 . . 39. 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 » 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 12. 15. 15. 6. 5845. 4354- 29. 40. 42. 40- 4. 78. 25. 5353. 6063- 43. 40. 32. 12. 20. 16♦** 16. 64. 7074- 16. 14. *** 10. 189. 6. 10- 76. 83. 81. 80- 6. 8. 13. 10. 710. 2. 14. 68. 61. 66. 72. 25. 29. 32. 14- 156. 2. 7- 73. 75. 82. 82. 12. 19. 16. 11. 108. 3. 5. 7575. 71. 75. 16. 18. 26. 20. 3. 336- 6969. 75. 81. 29. 28. 22. 13. 12. 9. 9. 17. 76. 79. 83. 79. 12. 12. 7. 4. 303628. 43. 68. 61. 71. 56. 1. 3. 2. 1. 4441. 19. 16. 5556. 57. 57. 1. 3. 23. 27. 10. 6. 12. 51. 45. 5663. 38. 45. 37. 25. 9. 6. 3. 2. 61. 62. 6156. 3132. 36. 42. 2. 1. 1. 2. 44. 49. 45. 47. 55. 51. 55. 52. 6. 7. 16. 23. 45. 61. 6262. 5031. 22. 15. 3028. 18. 8. 61. 60. 56. 63- 8. 13. 26. 28. 6. 3. 1. 5. 62. 40. 4669. 32. 57. 53. 26. 11. 4. 5. 6. 6263. 6260. 27. 32. 33. 34. - 10 JL AS OP T HE 1981-Q2 (APRIL 1) SURVEY, T H E H O RDING OP MANY QUES T I O N S HAS ALTERED. T HE SURVEY R E S U L T S SHOHN A B O V E ARE H I G H L Y C O M P A R A B L E T O EAR L I E R DATA.. HOHEVER, B E C A U S E T HE C O L U M N H E A D I N G S REFL E C T THE O L D FORM OP T H E Q UESTIONS, P E R S O N S U SING O B Q U O T I N G T H E LAT E S T R E S U L T S SHOU L D O B T A I N THE NEH HORDING BY R E Q U E S T I N G C O P I E S OP T H E NEH Q U E S T I O N A I R E AND SU B V E Y R E PORTS ( A GRICULTURAL C R E D I T C O N D I T I O N S SURVEY) P R O M T HE R E S E A R C H D E PARTMENT, FED E R A L RES E R V E BANK, MINNEA P O L I S , HN 55480. 45 SOBVEY OF CURRENT AGRICULTURAL CREDIT CONDITIONS, NINTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF MINNEAPOLIS TABLE 342.2Q E X P E C T E D F A R M LOAN DB M A N D AND RE P A Y H E N T C O N D I T I O N S P E R C E N T A G E O F BAN K S R E P O RTING DATE OF S U RVEY E X P E C T E D D E H A N D FOR FARH LOA N S IN C U R R E N T Q U ARTER, C O M P A R E D HIXH U S U A L C O N D I T I O N S I |. | NON - R E A L - E S T A T E L OANS DEBT EXTE N S I O N OR RE F I N A N C I N G 1 . . l_ SAMI 1 L O N E R S A M E HIGHER _ LONER H I GHER 1 6. 5. 5. 4. 73. 72. 73. 64. 21. 23. 22. 32. * ** *** 4. 1. *** 66. 59. *** *** 30. 40. 1965-Q1...| -Q2...I -Q3...I -Q4...1 2. 3. 9. 20. 49. 47. 74. 68. 49. 50. 17. 12. 1. 1. 14. 28. 44. 51. 69. 53. 54. 48. 17. 19. 1966-Q1...| -Q2...| -Q3...| -Q4...I 5. 4. *** 14. 72. 78. **♦ 72. 23. 18. *** 14. 14. 11. *** 26. 66. 76. 64. 20. 13. *** 10. 1967-Q1...I -Q2...J -Q3...I -Q4...I 6. 3. 4. 13. 87. 76. 82. 73. 7. 21. 14. 14. 13. 3. 4. 13. 79. 814 87'. 74. 8. 16. 9. 13. 6. 6. 4. 7. 81. 74. 79. 80. 13. 20. 17. 13. 6. 4. 12. 64. 70. 79. 71. 30. 30. 17. 17. 6. 4. 8. 10. 82. 75. 75. 79. 12. 21. 17. 11. 11. 5. 7. 11. 75. 75. 82. 79. 14. 20. 11. 10.. 1970-Q1...| -Q2...I -Q3...I -Q4...| 2. 5. 7. 8. 81. 73. 80. 79. 17. 23. 14. 13. 7. 6. 7. 8. 76. 78. 78. 71. 17. 15. 15. 20. 1971-Q1...| -Q2...I -Q3...I -Q4...I 5. 3. 2. 9. 76. 69. 88. 76. 19. 28. 11. 14. 3. 3. 3. 13. 71. 75. 86. 75. 26. 22. 10. 13. 1 9 7 2 - Q 1 . •• | -Q2. . . | -Q3...I -Q4...I 3. 2. 4. 16. 85. 83. 88. 69. 12. 14. 7. 15. 7. 4. 7. 25. 77. 83. 87. 65. 16. 13. 6. 10. 1973-Q1. . . | , -Q2.-.I -Q3...I -Q4...I 22. 5. 5. 33. 70. 76. 81. 51. 8. 19. 14. 15. 27. 16. 15. 48. 69. 77. 80. 44. 4. 8. 5. 8. 1974-Q1...| -Q2...I -Q3...I -Q4...I 36. 14. 9. 11. 59. 62. 63. 53. 6. 24. 28. 35. 46. 27. 6. 11. 50. 63. 66. 47. 4. 10. 28. 42. 1975-Q1...I 20. 10. 7. 12. 51. 49. 70. 72. 29. 41. 23. 16. 17. 8. 4. 10. 38. 44. 71. 65. 45. 48. 25. 25. 4. 3. 9. 7. 70. 78. 65. 51. 27. 19. 26. 42. 1. 3. 5. 1. 62. 75. 55. 29. 36. 22. 40. 71. 10. 7. 8. 3. 46. 46. 61. 56. 44. 46. 31. 41. 11. 5. 0. 21. 39. 41. 34. 79. 60. 54. 66. 1978-Q1...| -Q2...I -Q3...I -Q4...J 7. 3. 4. 12. 59. 58. 69. 64. 34. 39. 27. 24. 2. 2. 10. 20. 47. 64. 76. 62. 51. 35. 14. 19. 1979-Q1. . • | -Q2...J -Q3...I -Q4-..I 3. 3. 3. 9. 77. 66. 63. 48. 20. 30. 34. 43. 10. 8. 8. 10. 76. 76. 73. 43. 14. 17. 19. 47. 1980-Q1. ..| -Q2...I -Q3...I “ Q4...I 17. 18. 27. 21. 54. 45. 56. 67. 30. 38. 16. 12. 6. 9. 7. 16. 56. 38. 54. 63. 38. 53. 39. 21. 1981-Q1...| “ Q2...I -Q3...J -Q4... | 45. 11. 22. 27. 46. 73. 63. 57. 9. 16. 16. 17. 14. 7. 8. 4. 51. 60. 62. 43. 35. 33. 30. 53. 1964-Q1.. . | -Q2...| -Q3...I -Q4...| 1968-Q1.. • | -Q2...I -Q3...I -Q4...I 1969-Q1...I -Q2...I -Q3..-I -Q4...I -02. .-I -Q3...I -Q4...J 1976-Q1. ..| -Q2...I -Q3...I -Q4...J 1977-Q1...| -Q2...I -Q3...I -Q4...I 0. I A D VERSE CH A N G E EXPEC T E D IN | FARMERS* A B I L I T Y 1 TO R E PAY D EBTS IIN THE NEAR FU T U R E | 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 i 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 i 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 i i i i i 1 i i i i i i i i i i i i j i i i i i i i i i i i i 35. 52. 48. 47. 48. 32.. 23. 22. 10. 7. *** 5. 9. 21. 15. 30.. 30. 35. 27. 28. 14. 20. 21. 15. 17. 15. 17. 19. 26. 21. 17. 19. 14. 8. 17. 5. 5. 3. 9. 6. 9. 24. 59. 56. 62. 63. 31. 20. 29. 34. 58. 7073. 66. 60. 58. 48. 33. 12. 20. 9. 15. 24. 34. 46. 83. 69. 29. 35. 37. 32. 58. AS OF T HE 1981-Q2 (APRIL 1) SURVEY, T H E HORDING OF MANY QUES T I O N S HAS ALTERED. T H E SURVEY RES U L T S SHOHN ABO V E ARE HI G H L Y C O M P A R A B L E TO EARLIER DATA. HOHEVER, B E C A U S E THE C O L U M N H E A D I N G S RE F L E C T T HE OL D F ORM OF THE QUESTIONS, P E R S O N S USING OR QUOT I N G T H E LAT E S T R E S U L T S S H O U L D O B T A I N THE NEH H O RDING BY R E Q U E S T I N G C O P I E S OF THE NEH Q U S S T I O N A I R E AND S U RVEY REPO R T S (AGRICULTURAL C R E D I T C O N D I T I O N S SURVEY) FROM T HE R E S E A R C H D E P ARTMENT, F E DERAL RE S E R V E BANK, M I N N EAPOLIS, MN 55480. 46 SURVEY OP CURRENT AGRICULTURAL CREDIT CONDITIONS, NINTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF HINNEAPOLIS TABLE 342.3Q A V E R A G E L O A N / D E P O S I T RATIO, AND P E R C E N T A G E OF BANKS R E P O R T I N G OTHER C O N D I T I O N S TH A T R E F L E C T R E L A T I V E C R E D I T A V A I L A B I L I T Y (EXPECT PROBLEMS! NUMB E R OF FA R M LOAN REQUESTS R E F E R R E D TO— (REFUSED OR 1 I 1 | L O A N / D E P O S I T RATIO IS— | R E D U C E D A JACTIVELY! IN M E ETING | C O R R E S P O N D E N T BANKS AVERAGE HONB A N K AGENC I E S i 1 FARM LOAN (SEEKING I N O RMAL FARM (REQUEST IN 1 NEH D ATE OF 1L O AN/DEPOSIT | 1 L OAN RE Q U E S T S 1 ____ H I GHER ( P REVIOUS ( LOH E R SURV E Y | RATIO 1 FARM 1 IN C U R R E N T 1 1 C O M P A R E D HITH 1 C O M P A R E D HITH DESIRABLE L OAN |QUARTER DUE TO |NONE| (PERCENT) ( THAN T HAN |QUARTER DUE| U SUAL NUMBER NONE( U S UAL NUMBER )DESIRED DESIRED|TO SHORTAGEIACCOUNTS( AVAILABILITY 1 1 1 | J _____ 1LOHER S AME HIGHER i QF_ FUNDS I _OF FUN D S _____ (LOHER S AME HIGHER 1_______ 1 1 1 1 *** | l *** *** *** *** *♦* *** *** ♦** *♦* 5. 581. 1964-Q1.. . J 1 *** *** | | **♦ *** *** 6. 14. 76. 71. 15. 12. 75. 6. 13. -Q2...J 1 *** *** | *** | *** *** *** | *** 8. 8. 23. 68. 68. 8. 10. 9. 82. -Q3. • . | *** ( *** *** 4. 70. 3. 20. - Q 4 ___| 56. 21. | 737. 14. | 23. 5. 81. I ( | *** *** 5. 1 9 6 5 - Q 1 . ..1 59. 22. ( 6. 16. 83. 1. 7. 20. j 18. 72. 72. ( ♦** *** *** 15. ( 4. 67. 4. i 20. 65. 10. 83. 7. 6. 66. 28. -Q2...I *** ( *** *** 71. 3. 7. 85. 8. i 18. 60. 22. t 7. 7. 12. 81. *** ( *** *** 22. | 76. 2. 80. J 16. 62. 3. 15. 7. 85. -Q4...1 5. 8. 1 I ( *** *** *** 3. 1966-Q1.. . | 10. 7013. ( 3.. 72. 7. I 17. 83. 79. 10. 11. *♦* | *** *** 61. 10. 6. | 20. 19. ( 73. 5. -Q2...I 5. 84. 90. 6. 10. *** *** | *** *** *** | *** *** | *** ♦** *♦* **# **♦ > *** -Q3...J *** | *** *** 17. ( 1 14. 69. 13. 56. 13. 11. 87. 4. -Q4...1 82. 7. 9. i I *** *** 17. J 11. 61. 6. . 1 9 67-Q1.• . | | 16. 67. 6. 91. 3. 9. 86. 5. 1 *** j *♦* *** **♦ 20. | 14. I 20. 60. 64. 8. -Q2...1 9. 83. 8. 3. 86. 11. *** | *** *** 20. | 7. 26. 62. -Q3...I ( 17. 63. 5. 84. 11. 5. 92. 3. *** ( *** 16. ( 5. 63. 3. -Q4...( 73. 91. 6. 10. 88. 2. I 19. 1. I 1 1 *** | *** *** 65. 5. 95. 4. 1968-Q1.. . J | 22. 13. 82. 5. 13. | 6. 83. 11. *** ( **♦ *** 20. | 4. 5. 65. 58. 17. 7. I 22. 76. -Q2...I 3. 88. 9. *♦* | *** ♦♦♦ 27. ( 17. 10. ( 11. 55. -Q3. . . | 62. 5. 7. 88. 7. 4. 89. | *** *** *** 64. 6. . 13. ) 66. 84. | 23. 2. 10. 6. -Q4...J 9. 88. 3. I I 1 j *** *** 4. 77. ( 33. 60. 1. 52. 16. 83. 6. 1 9 6 9 - Q 1 ... I 7. I 79. 5. 11. 15. ( 4. | 26. 59. 8. 70. 7. 56. ( 43. 24. -Q2...| 47. 6. 4. 61. 1164. 20. | 11. 4. -Q3...1 58. | 16. 18. 52. 61. ( 32. 6. 3. 21. 71. 2. 64. 23. | 15. 45. | 37. 6. | 13. 9. 4. 59. 53. 28. 59. 10. 3. -Q4...I 1 20. ( 4. 18. 47. 10. | 18. 62. 55. 23. 64. 1970-Q1...| 56. 3. 11. 1 37. 2. 33. | 23.. 38. 18. i 38. 5. 50. 7. 24. j 15. 53. 65. 11. -Q2...| 58. 1. 47. | 2. 47. 48. 32. 32. 19. | 43. 20. 12. 61. 8. “ Q3 ---| 1. 66. i 5* 35. 22. 7. 61. 31. ( ( 43. 46. 30. 3. 8. 10. 59. 1 8. 3. 58. -Q4...1 I 24. | 14. 48. 6. 2. 1971-Q1...| | 13. 62. 5. 58. ( 42. 52. 61. 16. 22. 2. 1 44. 24. | 56. 5. 60. 9. 3. 45. 20. 1. 14. | 16. 8. 66. -Q2-..J 59. 65. 9. 57. 5. ( 43. 4. 23. ( 1. - Q 3 ___( 61. 52. 28. 1. 62. 9. I 114. 67. 16. ( 6. 63. 6. 45. 3. 60. 3. 30. 65. -Q4...J 1 47. 2. I 17. I 4. 60. 13. ( 67. 2. 5. i 28. 2. | 49. 42. 6. 58. 29. 1. 66. 1972-Q1...| | 51. 60. 5. 69. 5. 3. 12. | 42. 5. 30. 61. 58. I 28. 1. 8. -Q2...I | 50. 2. 68. 43. 71. 2. 1. 6. 34. 62.; 60. 13. | 1. -Q3. . . I 3. 1 17. 4. 6. | 2. 3. 41. 71. 72. ( 52. 4. -Q4...| j 23. 2. 37. 59. 582. ) 1 2. 75( 47. 44. ( 32. 62. 58. 2. 2. 5. 2. 1973-Q1...| 8. ( 7. 35. 58. 58. 5. 78. J 47. 44. 2. 3. 7. 58. i 36. 5. 58. 2. 36. -Q2...I 7. J 71. 4. 15. ( 5. 2. 34. I 26. 58. 49. 7. ( 42. 61. 61. 2. 3. -Q3...J 56. 9. 62. 8. J 45. 5. 45. 15. ( 37. 4. 54. - Q4 ___ | 61. | 29. 6. 5. I 15. | 6. 69. 5. 2. 65. | 51. 43. | 20. 5. 45. 1974-Q1.. . | 61. 3. 49. 3. 4. 4. | 44. 11. | 76. 6. ~Q2---J 59. 46. 4. I 29. 63. 39. 4. 56. 2. 20. 60. 46. 5. 27. J 18. ( 38. 48. | 13. 9. 28. 64. -Q3...J 63. 3. 6. 54. 27. 35. 30. 6. 4 7. 39. ( | 41. 7. 32. 1. 65. 48. 19. -Q4...I I 7. 1975-Q1...I -Q2...I -Q3...1 -Q4...1 64. 63. 63. 63. 1976-Q1. . . | -Q2...I -Q3...I -Q4..-I 63. 63. 65. 66. 1977-Q1...| -Q2...I -Q3...| -Q4...I 64. 63. 66. 68. 1978-Q1...| -Q2...I -Q3...J -Q4... | 67. 67. 70. 71. 1979-Q1...1 -Q2...J -Q3...I -Q4...I 70. 71. 73. 79. 1980-Q1...| ~ Q 2 ---| -03-.. | -Q4...I 72. 72. 71. 68. 1981-Q1...| -Q2...I -Q3...I -Q4...I 64. 64. 65. 65. ) 1 1 1 1 1 I | 1 I I | 1 ^ i I t | i t I 1 i 1 1 1 I I 1 I J I | | 10. 11* 8. 18. 56. 70. 74. 64. 34. 19. 21. 18. 17. 17. 12. 19. 67. 67. 62. 55. 16. 16. 26. 26. 17. 20. 16.. 12. 64. 61. 55. 53. 18. 20. 2935. 15. 12. 8. 8. 51. 58. 54. 48. 34. 31. 38. .46. 3. 3. 2. 1- 50. 51. 40. 40. 47. 46. 58. 58. 4. 4. 8. 25. 44. 45. 61. 66. 52. 51. 32. 10. 37. 40. 35. 40. 57. 54. 56. 51. 5. 6. 9. 9. ( | ( | I ( | ( ( 27. 13. 11. 8. 30. 43. 51. 61. 14. 14. 4. 4. | ( ( ( 40. 47. 47. 43. 6. 6. 3. 6. 46. 40. 44. 49. 8. 6. 6. 2. 24. 31. 32. 35. 1. 2. 2. * 2. 5. 7. 9. 10. 62. 63. 54. 55. 4. 3. 10. 12. 1 J J ( 42. 38. 42. 38. 4. 3. 1. 4. 49. 54. 46. 49. 6. 5. 10. 8. 28. 26. 30. 27. ( ( | J 1 | | | ( 1 ( | ( | 1 ( | | ( i ( | ( | 10. 7. 12. 11. 54. 56. 58. 58. 6. 7. 7. 8. ( 1 ( 1 40. 45. 37. 37. 3. 2. 1. 0. 50. 44. .49. 54. 6. 9. 13. 8. 10. 12. 14. 19. 61. 66. 54. 49. 7. 9. 17. 19. 38. 43. 39. 37. 4. 2. 2. 2. 51. 49. 52. 50. 19. 27. 32. 40. 45. 42. 34. 27. 13. 23. 26. 34. 37. 28. 34. 34. 0. 2. 32. 39. 23. 12. 27. 11. 30. 56. 26. 43. 10. 2. | 1 ( ( 1 | | ( ( 1 I | ( ( 30. 29. 34. 38. 2. 4. 3. 3. 3. 59. 75. 66. 68. 5. 4. 5. 3. | 37. I 24. ( 26. | 27. J ______ 51. 4G. 54. 54. 24. 27. 11. 9. 3. 1. 0. 2. , 53. 60. 58. 57. 16. 13. 12. 14. 22. 23. 23. 22. 1. 0. 0. 1. 50. 44. 48. 52. 27. 33. 28. 25. 7. 7. 7. 10. 19. 23. 26. 21. 0. 2. 0. 2. 50. 48. 58. 63. 31. 26. 16. 15. 55. 59. 49. 46. 8. 12. 17. 19. 23. 20. 23. 25. 2. 21. 1. 62. 64. , 60. 54. 13. 14. 17. 19. 54. 51. 52. 50. 14. 20. 4. 18. 9. 17. 25. 3. 1. 3. 7. 3. 58. 47. 50. 61. 21. 43. 32. 11. 9. 9. 15. 9. 52. 65. 55. 60. 2. 3. 4. 3. 23. 18. 16. 18. 3. 5. 7. 9. 53. 50. 53. 53. 21. 26. 24. 21. . 0 1. . 0 . 10 0 . AS OF T H E 1981-Q2 (APRIL 1) SURVEY, T H E HORD I N G OF MANY QU E S T I O N S HAS ALTERED. T HE SU R V E Y RES U L T S S H O H N ABO V E ARE H I G H L Y C O M P A R A B L E TO EAR L I E R DATA. HOHEVER, B E C A U S E THE C O L U M N H E A D I N G S R E F L E C T THE O L D F ORM OF T HE QUESTIONS, P E R S O N S USING O R Q U O T I N G T H E LA T E S T RE S U L T S SH O U L D O B T A I N THE NEH H O RDING BY R E Q U E S T I N G CO P I E S OF T H E NEH Q U E S T I O N A I R E AND SURVEY R E PORTS (AGRICULTURAL C R E D I T C O N D I T I O N S SURVEY) FROM THE R E S E A R C H DEPARTMENT, F E DERAL RESE R V E BANK, H I NNEAPOLIS, MM 55480. 47 SURVEY OF CURRENT AGRICULTURAL CREDIT CONDITIONS, NINTH FEDERAL RESERVE DISTRICT— PEDERAL RESERVE BANK OP MINNEAPOLIS TABLE 342.4Q INTEREST RATES ON FARM LOANS |MOST | 1 | I | _ L_ _ 1 196 4 - Q 1 . • . | -Q2...1 - Q 3 . ..1 -Q4-..| DATE OF SURVEY 1965-Q1...| -Q2...I -Q4...I 1966-Q1...| — Q2...i -Q3-.-| -Q4...1 1967-Q1...| -Q2...J -Q3...J -Q4...| 1968-Q1...J -Q2...I -Q3...I -Q4...I 1969-Q1-.•| -Q2...I -Q3. . . | . -Q4...I 1970-Q1 • . • ) -Q2...I -Q3...I 1971-Q1. . . | .» -Q2...| -Q3...J -Q4. . . ( . COMMON INT E R E S T RAT E S C H A R G E D ON F ARM LOAN S| T R END IN (AVERAGE, PERCENT) 1 | SHORT- T E R M N O N - R E A L - E S T A T E LOANS LONG-TERM | NON-REAL-ESTATE R E A L ESTA T E 1 SHORTINTERMEDIATELOANS | DOHNLITTLE l hard CH A N G E -II B M _________ TERM___ 1 ***** ***** ***** 84. 1 6. ***** ***** ***** 84. 1 1***** ***** ***** 86. 1 2. ***** ***** ***** 92. 1 3. 1 ***** ***** ***** 87. I 1***** ***** ***** 91. 1 o. ***** ***** ***** 87. J 1***** ***** ***** 84. I 11 ***** ***** ***** 68. 1 0. ***** ***** ***** 22. 1 o. ***** ***** ***** 1 *** *** ***** ***** ***** 17. 1 o. 1 ***** ***** ***** 26. 1 o. ***** ***** ***** 58. 1 2. ***** ***** ***** 77. 1 5. . ***** ***** ***** 75. 1 1• I ***** ***** ***** 39. I o. ***** ***** ***** 43. I o. ***** ***** ***** 16. I 0. ***** ***** ***** 54. I 1. I 7.40 7.36 7.15 55. I 1. 7.66 7.44 I o, 7.62 12. 7.90 8.00 7.83 | 0. 8. 8.07 8.00 8.02 26. I o. I 8.15 8.19 8.09 39. I 0. 8.50 8.42 8.38 32. I 0. 8.49 8.38 8.46 61. I 18.56 8.45 8.42 81. 1 1I 8.45 8.37 8.35 | 14.. 82. 8.06 | 46. 8.19 8.28 53. 8.27 8.00 8.16 79. I 17. 8.06 8.16 8.23 92. I 8. 8.09 8.02 8.03 8.02 8.23 8.13 8.13 8. 15 7.96 7.87 7.90 7.91 1973-Q1. • • | -Q2...| -Q3...| -Q4...I 8.06 8.08 8.18 8.55 8.20 8.20 8.26 8.67 7.92 7.95 8.05 8. 43 1974-Q1. . . | . -Q2...| -Q3...I -Q4...I 8.56 8.53 8.82 9.04 8.74 8.65 9.05 9.33 8.45 8.43 8.70 8.91 1975-Q1... | -Q2. . . | . -Q3...I — Q4. • • | 9.11 9.03 9.00 8.99 9.35 9.25 9.23 9.27 9.00 8.86 8.88 8.98 1976-Q1...| -Q2...I -Q3...I -Q4...| 9.05 9.09 9.15 9.18 9.27 9.30 9.45 9.43 9.07 9.08 9.17 9.17 1977-Q1... | - Q 2 . ..| -Q3...| - Q 4 . ..| 9.15 9.21 9.17 9.18 9.43 9.45 9.53 9.52 9.15 9.17 9.21 9.22 9.22 9.20 9.38 9.51 9.47 9.50 9.71 9.81 9.21 9.23 9.47 9.62 10.24 10.39 10.78 11.80 1 0. 67 10.82 11.21 12.14 10.06 10.24 10.55 12.27 13.63 16.39 15.29 13.96 13.99 16.68 15.48 14.26 12.43 14.08 13.94 13.16 17.59 17.01 18.04 18.85 17.71 17.06 18.07 19.07 15.04 15.31 17.06 17.55 1972-Q1...| -Q2...I -Q3...I l 1 9 7 8 - Q 1 . ••| — Q 2 . •• ) -Q3... | -Q4...I 1 1979-Q1...J -Q2...I -Q3...I -Q4...I I 1980-Q1...| -Q2...I -Q3...I -Q4...I 1981-Q1...I - Q 2 ---| - Q 3 . ..» -Q4...I _1_ | | | I I I I I I 1 1 1 I I 1 1 1 I I i I I I I I I | t I I I I N T E R E S T RATES LOA N S UPHARD (PERCENTAGE O F B A N K S REPORTING) INTERMEDIATE-TERM LOANS DOHN_ .HARD LITTLE CH A N G E UPHARD R E A L E S TATE LOANS DO HNHARD LITTLE CHANGE UPHARD 10. 15. 12. 5- *** *** *** *** *** ♦ ♦* *** *** **** **** **** **** 6. 3. i2. . 818789. 89. 13. 10, 10. 9. 12. 9. 12. 15. *** *** *** *** *** *** *** *** *♦** **** **** **** 0. 3. 1. 88. 86. 85. 94. 12. 11. 12. 5. 32. 78**** 83. *** *** *** *** *** *** *** *** **** **** **** **** 0. 0. *** 1. 66. 26. *** 9. 34. 74. *** 90- 74. 40. 18. 24. *** *** *** **♦ *** *** *** *** **** **** **** **♦* 2. 6. 5. 1. 1851. 7666- 80. 43. 19. 33. 61. 57. 84. 45. *** *** *** *** *** *** *** *** **** **** *♦** **** 192413. 47. 80. 76. 87. 53. 44. 88. 92. 74. *** *** *** *** *** *** *** *** **** **♦* **** **** 0. 0. 0. 53, 8. 9. 26. 47. 92. 91. 61. 68. 39. 18. *** *** *** *** *** *** *** *** **** **** **** **** 1. 2. 1. 2- 3439. 5675. 65. 4. 1. 4- *** *** *** *** *** *** *** *** **** **** **** **** 1044. 21. 7. 82. 5374. 89. 8. 3. 5. *** *** *** *** **♦* **** **** ***♦ 17. 29. 184. 81. 70. 79. 92. 1. 1. 3. 4. 0. 3. 1. 0. 0. 0. 0- 74. 59. 43. 23. 4. 30. 26. 15. 4. 70. 74. 83. 89. 2. 8. *** *♦* *** *** 4. o. 1. o. 87. 7660. 28.. 9. 24. 39. 72. *** *** *** *** *** *** *** *** **** **** **** *♦** 4. 0. 1. 0. 91. 8370. 28. 518. 30. 72. o. 1o. o. 5881. 41. 37. 42. 18. 59. 63. *** *** *** *** *** *** *** *** **** **** **** **** 1. 1. 0. 0- 6085. 53. 41. 39. 14. 47. 59- 2. 15. 17. 2. 64. 71. 71. 82. 34. 15. 11. 16. *** *** *** *** *** *** *** *** **** **** **** **** 1. 1181. 74. 81. 8582. 25. 7. 16. 4. 11* 4. 3- 86. 78. 69. 88. 10. 11. 28. 10. *** *** *** *** *** *** **** **** **** 2. 43. *** *** **** 3 . goss. 7789. 8. 10. 20. 8- 14. 12. 5. 1. 8082. 88. 87. 6. 6. 7. 12. *** *** *** *** *** *** *** *** **** **** ***♦ **** 13. 11. 4. 1. 84. 85. 90. 94. 6. 5. 2. 76. 55. 3220. 2245. 68. 80. *** *** *** *** **** **** 5- 0. *** *** *** *♦* **** **** 0. 0. 83. 72. 4535. 12. 28. 55. 65. 3. 97. 84. *** *** *** *** *** *** *** *** **** **** **** **** 1. 0. 1. 1831. 30. 23. 82. 68. 75. 01. 73. 23. 4. 21. 52. 72. 95. 0. 3916- 61. 84. 6. 46- 11. 26. 43. 17. 64. 19. 6. 93. 58. 8. 0. 41. 31. 12. 2556. 58. 78. 75. | 0. 1 1 1 1 1 1 1 1 1 1 1 | 1 1 I | | 1 o. o. o. o. Oi 0. o. 0. 89. 29. 1* 77. 44. 23. 16. 12. 0. 0. 68. 2 . 98. 22 . 0. 78. 100. 7. 4. 42. 30. 22 2- 97. 1848. 68. 4. 1. 62. 38. 20. 8. 8. . 3 3 . 54. 72,. 0. 0. 8. 2. 4. 70. 3. 12. 10. AS OP THE 1981-Q2 (APRIL 1) SURVEY, THE HORDING OF MANY QUESTIONS HAS ALTERED. THE SURVEY RESULTS SHORN ABOVE ARE HIGHLY COMPARABLE TO EARLIER DATA. HOHEVER, BECAUSE THE COLUMN HEADINGS REFLECT THE OLD FORM OF THE QUESTIONS, PERSONS USING OR QUOTING THE LATEST RESULTS SHOULD OBTAIN THE NEH HORDING BY REQUESTING COPIES OF THE NEH QUESTIONAIRE AND SURVEY REPORTS (AGRICULTURAL CREDIT CONDITIONS SURVEY) FROM THE RESEARCH DEPARTMENT, FEDERAL RESERVE BANK, MINNEAPOLIS, MN 55480. 48 SURVEY OF CURRENT AGRICULTURAL CREDIT CONDITIONS, NINTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF MINNEAPOLIS TABLE 342.5Q FARM REAL ESTATE LENDING EXPERIENCE PERCENTAGE OF BANKS REPORTING DEMAND FOR FARM REAL ESTATE LOANS, AS COMPARED NITH USUAL CONDITIONS DATE OF SURVEY EXPECTED DURING THE CURRENT QUARTER CURRENT (DATE OF SURVEY) 1 1964-Q1. . . | -Q2...I -Q3...I -Q4...I *** 12. 15. 27. *♦* 50. 55. 47. ♦♦♦ 38. 30. 26. 1965-Q1...I -Q2. .. j -Q3...I -Q4...| 8. 5. 9. 11. 54. 50. 70. 65. 38. 45. 21. 24. 1966-Q1... | -Q2... | -Q3...| -Q4...J 8. 5. 26. 31. “ 17. 66. 64. ♦** 62. 1967-Q1...J -Q2...i -Q3-..I -Q4...I 38. 24. 23. 24. 53. 62. 69. 64. 9. 14. 8. 12. 1968-Q1...| -Q2.. . . j -Q3. .. | . -Q4...I 18. 10. 23. 27. 68. 65. 65. 63. 14. 25. 12. 10. 1969-Q1...| -Q2....I -Q3...I -Q4..-I 24. 32. 38. 10. 71. 58. 56. 80. 5. 10. 6. 10. 1970-Q1...| -Q2...I -Q3...I -Q4...| 47. 49. 40. 46. 47. 39. 49. 48. 6. 1211. 6. 1971-Q1. .. I -Q2...I -Q3-- | -Q4...| 35. 30. 14. 18. 59. 60. 77. 73. 6. 9. 10. 8. 1972-Q1. .. | -Q2...1 -Q3...I -Q4...| 12. 8. 12. 10. 81. 78. 76. 80. 6. 14. 12. 10. 1973-Q1...i -Q2...J -Q3...I -Q4...I 10. 4. 7. 13. 80. 77. 80. 74. 10. 1S. 14. 13. 1974-Q1...| -Q2...I -Q3...| -Q4...I 20. 13. 24. 25. 74. 69. 66. 65. 7. 18. 10. 10. 1975-Q1.•. | -Q2-- | -Q3...I -Q4...| 26. 27. 23. 17. 58. 55. 64. 73. 16. 18. 14. 10. 1976-Q1... 1 -Q2...1 -Q3...I -Q4... | 22. 10. 18. 15. 67. 71. 66. 70. 11. 19. 15. 13. 1977-Q1... | -Q2...J -Q3...I -Q4...I 16. 14. 19. 15. 65. 55. 56. 62. 19. 31. 25. 23. 1978-Q1...| -Q2...| -Q3...I -Q4...I 20. 19. 10. 13. 56. 63. 71. 73. 24. 18. 19. 14. 1979-Q1...| -Q2... | -Q3... | -Q4...I 19. 15. 15. 20. 69. 82. 76. 72. 12. 3. 9. 7. 1980-Q1...| -Q2...I -Q3...I -Q4...I 41. 50. 66. 55. 55. 36. 29. 39. 3. 14. 5. 6. 1981-Q1... | -Q2...| -Q3.... | -Q4...| J_ 63. 56. 69. 57. 34. 33. 29. 41. 3. 11. 2. 2. 21. I I I I I l I I I I I I I I I I I I I I I I I i I I I I I I I I I I I I I I I I I I I 1 1 1 1 1 1 1 1 1 1 1 1 11. 7. 7. 12, 68. 74. 69. 64. 21. 19. 24. 24, 6, 3. 9. 6. 65. 60. 77. 77. 29, 37. 14. 17. 5. 3. *** 12. 71. 81. ♦** 73. 24. 16. 27. 15, 16. 15. 68. 77. 79. 82. 5. 8. 5. 3. 17. 10. 23. 21. 71. 75. 72. 71. 12. 15. 5. 8. 22. 28. 38. 41. 74. 67. 58, 53. 4. 5. 4. 6. 38. 41. 35. 33. 56. 53. 61. 63. 7. 5. 4. 4. 25. 17. 13. 15. 69. 75. 80. 77, 6. 8. 7. 11. 4. 9. 10. 85, 88. 86. 84. 4. 8. 5. 6. 8. 6. 7. 15. 86. 83. 87. 74, 6. 11. 7. 11. 21. 14. 18. 24. 76. 76. 77. 67. 3. 10. 5. 10. 25. 20. 17. 15- 59. 63. 74. 74, 16. 18. 9. 11. 13. 7. 14. 14. 75. 81. 72. 68. 12. 12. 14. 18. 13. 14. 17. 13. 60. 56. 60. 66. 26. 30. 23. 21. 16. 17. 11, 10. 58. 72. 77. 78. 26. 12. 12. 12. 18. 13. 11. 19. 74. 78. 83. 72. 8. 8. 6. 9. 32. 39. 53. 34. 58. 41. 35. 58. 10. 19. 12. 8. 56. 53. 58. 53. 37. 42. 40. 45. 6. 5. 2. 2. 15. a. 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 J 1 1 1 J 1 1 1 1 1 1 1 1 1 1 1 1 AS OF THE 1981-Q2 (APRIL 1 SURVEY, THE HORDING OF MANY QUESTIONS NAS ALTERED. THE SURVEY RESULTS SHORN ABOVE ARE HIGHLY COMPARABLE ) TO EARLIER DATA. HOWEVER, BECAUSE THE COLUMN HEADINGS REFLECT THE OLD FORM OF THE QUESTIONS, PERSONS USING OR QUOTING THE LATEST RESULTS SHOULD OBTAIN THE NEW WORDING BY REQUESTING COPIES OF THE NEW QUESTIONAIRE AND SURVEY REPORTS (AGRICULTURAL CREDIT CONDITIONS SURVEY) FROM THE RESEARCH DEPARTMENT, FEDERAL RESERVE BANK, MINNEAPOLIS, HH 55480. 49 SURVEY OF CURRENT AGRICULTURAL CREDIT CONDITIONS, NINTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF MINNEAPOLIS TABLE 342.6Q FARMERS* EARNINGS AND SPENDING, COMPARED HITH PREVIOUS YEAR PERCENTAGE OF BANKS REPORTING 1 |_ | 1. _ _ 1 1 1964-Q1. •. | -Q2...I DATE OF SURVEY EARNINGS OF BANKS* FARM CUSTOMERS CURRENT (DATE OF SURVEY) LOHER SAME _ HIGHER 54. 66. 76. 66. 16. 16. 23. 21, 30. 18. 1. 13- 1965-Q1... 1 -Q2... 1 -Q3...I -Q4...I 74. 59. 18. 15. 21. 29. 27. 14. 5. 12. 55. 71. 1966-Q1... I rQ2...| -Q3...I -Q4...I 17. 7. *** 7. 16. 16. *** 18. 67. 77. *** 75. 1967-Q1...| -Q2...I -Q3i .. | -Q4...I 14. 41. 32. 29. 17. 36. 53. 34. 69. 23. 14. 37. 1968-Q1. .• | •Q2... | . -Q3...1 -Q4...I 55. 46. 28. 29. 29. 41. 53. 39. 16. 13. 19. 32. 1969-Q1..-I -Q2...I -Q3...( -Q4....I 16. 17. 12. 13. 45. 44. 30. 34. 39. 39. 58. 53. 1970-Q1...| -Q2...I -Q3. .. | -Q4...| 8. 5. 15. 35. 32. 34. 64. 48. 60. 60. 21. 18. 1971-Q1...J -Q2...1 -Q3...I -Q4...I 52. 33. 15. 13. 33. 55. 70. 50., 15. 13. 15. 38. 1972-Q1...| “Q2...I -Q3. .. | -Q4...I 17. 9. 4. 1. 39. 42. 41. 21. 45. 50. 54. 79. 1973-Q1. .. | -Q2...I -Q3... ( -Q4...I 2. 1. 1. 0. 12. 6. 20. 3. 86. 94. 79. 97. 1974-Q1...| -Q2-- | ~Q3. .. ( -Q4...I 1. 11. 59. 62. 7. 19. 21. 20. 93. 70. 20. 17. 1975-Q1. .. | -Q2...| -Q3..-I -Q4...1 67. 81. 56. 19. 24. 16. 34. 52. 9. 3. 10. 29. 1976-Q1...| -Q2...I - Q3-- | -Q4...I 47. 41. 51. 80. 34. 48. 37. 13. 19. 11. 12. 7. 1977-Q1...I -Q2-..I -Q3-- ( -Q4...I 86. 78. 67. 56. 11. 20. 27. 26. 3. 1. 5. 18. 46. 36. 5. 6. 28. 28. 25. 26. 26. 36. 70. 68. -Q4...I i _ SPENDING BY FARMERS FOR ALL ITEMS I 1 CURRENT (DATE OF SURVEY) EXPECTED IN CURRENT QUARTER 1 EXPECTED IN CURRENT QUARTER 1 SAME HIGHER HIGHER-LOHER SAME HIGHER .. LOHER 1 .. LOHER. _.SAME 1 *** *** *** *** **♦ *** 13. 45. 42. 1 4. 58. 27. 59. 38. 14. 32. 56. 12. 1 4. 63. 33. 42. 49. 8. 44. 43. 131 10. 37. 65. 25. 50, 13. 50. 37. 131 1 40. 8. 44. 52. 46. 10. 47. 4310. 1 17, 35. 48. 50. 4) 0. 44. 10. 46. 10. 1 7. 60. 33. 24. 52. 24. 13. 56. 31. 1 16. 13. 71. 50. 11. 39. 13. 40, 47. 1 i 64. 13. 47. 10. 26. 40, 13, 48. 39. 1 26. 7. 2. 72. 59. 34. 2. 57. 41. 1 *** *** *** *** *** *♦* ♦** ♦** *♦* 1 1. 23. 76. 60. 3. 37. 10. 42. 48. 1 1 12. 51. 37. 8. 56. 36. 8. 64. 28. 1 49. 39. 12. 56. 22. 22. 1958. 23. 1 54. 30. 16. 14. 62. 24. 12. 61. 27. 1 43. 14. 43. 17. 59. 24. 15. 65. 20. 1 1 41. 54. 5. 22. 59. 19. 26. 63. m. 1 26. 64. 10. 30. 55. 15. 27. 56. 17. 1 26. 55. 19. 12. 68. 20. 13. 71. 16. 1 26. 46. 28, 16. 65. 19. 18. 62. 20. 1 1 12. 69. 19. 12. 67. 21. 6, 76. 181 60. 11. 29. 63. 16. 21. 11. 65. 24. 1 14. 39. 47. 14. 66. 20. 24. 18. 58. 1 11. 45. 44. 18. 64. 18. 17. 62. 21. 1 1 7. 59. 35. 67. 13. 20. 16. 64. 19. 1 9. 56. 35. 23. 63. 15. 16. 66. 15. 1 15. 60. 25. 19. 58. 17. 23. 66. 18. 1 27. 56. 27. 64. 16. 9. 28. 61. 11. 1 1 51. 42. 8. 36. 54. 10. 42. 51. 8. 1 24. 66. 10. 14. 28. 58. 23. 58. 19. 1 4. 62. 33. 24. 11. 65. 7. 70. 23. 1 16. 45. 39. 10. 70. 19. 9. 67. 23. 1 1 9. 61. 30. 10. 69. 22. 16. 12. 72. 1 5. 63. 32. 6. 75. 19. 6. 74. 18. 1 4. 47. 49. 8. 74. 18. 6. 75. 19. 1 1. 24. 75. 4. 69. 27. 60. 38, 1. 1 1 0. 21. 79. 1. 47. 45. 52. 2. 53, 1 1. 16. 0. 83. 39. 61. 0. 43. 58. 1 26. 2. 72. 1. 46. 53. 1. 48. 51. 1 5. 2. 93. 0. 31. 23. 76. 69. U 1 t 24. 64. 3. 18. 78. 2. 74. 3. 33. 1 39. 25. 36. 2. 31. 4, 69. 66. 26. 1 24. 66. 10. 11. 38. 51. 36. 45. 19. 1 27. 68. 19. 13. 42. 31. 31. 31. 38. 1 1 70. 10. 42. 35. 23. 50. 22. 21. 28. 1 19. 55. 17. 78. 3. 28. 26. 22. 52. 1 37. 31. 52. 33. 15. 31. 31. 29. 40. 1 20. 57, 20. 50. 30. 18. 26. 23. 56. 1 i 43. 38. 19. 25. 60. 15. 29. 13. 58. 1 31. 60. 10. 25. 16. 17. 59. 24. 59. J 14. 41. 3943, 15. 48. 12. 55. 31. 1 79. 15. 7. 37, 8. 51. 12. 63. 29. 1 I 73. 20. 7. 75. 10. 78. 17. 6. 16. 1 35. 4. 61. 68. 27. 5. 63. 31. 7, 1 54. 24. 44. 22. 45. 14. 44. 13. 41. 1 24. 48. 28. 46. 40. 15. 50. 15. 351 1 41. 36. 23. 51. 39. 10. 55. 13. 32. 1 21. 38. 40. 36. 48. 31. 16. 21. 48. 1 4. 75. 22. 2. 56. 2. 42. 45. 53. 1 25. 7. 8. 67. 55. 7. 38. 50. 42. 1 1 1. 29. 71. 6. 50. 45. 5. 52. 43. 1 66. 3. 9. 46. 45. 5. 31. 4748. 1 34. 60. 5. 43. 6. 5. 41. 5452. 1 47. 19. 40. 42. 12. 41. 15. 40. 45. 1 1978-Q1...J -Q2-..I -Q3..-I -Q4....I I 1979-Q1-- | -Q2... | -Q3... ( -Q4...I 1 1980-Q1...J -Q2...I -Q3...i -Q4...I 3. 3. 6. 17. 14. 19. 26. 40. 83. 78. 69. 43. 31. 56. 85. 42. 36. 34. 13. 34. 33. 9. 2. 24. 31. 66. 84. 39. 42. 30. 13. 28. 27. 4. 3. 33. 1981-Q1...| -Q2. .. | -Q3...I -Q4...| 47. 63. 54. 59. 21, 30. 36. 25. 32. 7. 9. 16. 40. 57. 34. 62. 24. 37. 42. 25. 36. 6. 24. 13, 1 J 1 1 1 1 1 1 1 1 26. 57. 68. 54. 45. 20. 22. 30. 29. 23. 9. 16. 30. 51. 69. 46. 40. 18. 22. 34. 31. 30. 9. 21. 60. 57. 50, 45. 29. 32. 31. 27. 11. 11. 19. 29. 64, 44, 33. 41. 26. 41. 44, 37. 10. 15. 23. 22- ________________ L AS OF THE 1981-Q2 (APRIL 1) SURVEY, THE HORDING OF MANY QUESTIONS HAS ALTERED. THE SURVEY RESULTS SHOHN ABOVE ARE HIGHLY COMPARABLE TO EARLIER DATA. HOHEVER, BECAUSE THE COLUMN HEADINGS REFLECT THE OLD FORM OF THE QUESTIONS, PERSONS USING OR QUOTING THE LATEST RESULTS SHOULD OBTAIN THE NEH HORDING BY REQUESTING COPIES OF THE NEH QUESTICNAIRE AND SURVEY REPORTS (AGRICULTURAL CREDIT CONDITIONS SURVEY) FROM THE RESEARCH DEPARTMENT, FEDERAL RESERVE BANK, MINNEAPOLIS, MN 55480. 50 QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, TENTH FEDEBAL BESEBVE DISTRICT— FEDERAL RESERVE BANK OF KANSAS CITY TABLE 343.1Q CURRENT FARM NON-REAL-ESTATE LENDING EXPERIENCE, COMPARED WITH A YEAR EARLIER PERCENTAGE OF BANKS REPORTING I | | l 1 1976-Q1...| -Q2... | DATE OF SURVEY FOND AVAILABILITY DEMAND FOR LOANS LOAN REPAYMENT RATE LONER SAME HIGHER LONER SAME HIGHER LONER 13. 4. 6. 6. 34. 40. 35. 21. 53. 55. 60. 72. 14. 19. 17. 39- 49. 51. 50. 44. 37. 30. 33. 17. 34. 31. 26. 56- 5. 1. 60. 67. 43. 1977-Q1...| -Q2...| -Q3...| -Q4-..| 5. 3. 6. 5. 26. 29. 28. 33. 70. 67. 66. 62. 35. 38. 41. 37. 43. 49. 45. 49. 22. 13. 14. 15. 68. 64. 67. 63. 1978-Q1. •• ( -Q2...J -Q3...| -Q4...| 13. 11. 13. 10. 44. 46. 46. 38. 44. 43. 41. 52. 19. 17. 20. 26. 54. 54. 46. 48. 27. 29. 34. 26. 1979-Q1-.•| -Q2...J -Q3...J -Q4...I 17. 13. 11. 10. 41. 3934. 45. 41. 48. 56. 45. 21. 22. 27. 32. 49. 49. 40. 45. 198Q-Q1. -Q 2 . -Q3. 16. 38. 39. 35. 41. 32. 42. 47. 43. 29. 19. 19. 29. 42. 12 . 36. 33. 28. 32. 47. 41. 43. 43. 18. 26. 30. 25. 9. 15. 16. -Q4. . | .. -Q 4 . 1981-Ql. -Q 2 . -Q3. -Q4. 11 . SAME HIGHER SEMEHALS OR BXTENSIONSI COLLATERAL REQUIRED LONER SAME HIGHER | LONEB SAME HIGHER 15. 9. 7. 1. 12. 8. 4. 5. 57. 54. 64. 42. 31. 38. 31. 54. | | | | 2. 1. 2. 0. 68. 7471. 64- 30. 25. 27. 36. 30. 30. 29. 32- 2. 5. 4. 5. 1. 3. 2. 3. 33. 32. 28. 32. 66. 66. 69. 65. | | | | 1. 1. 1. 0. 59. 57. 58. 59. 40. 43. 41. 41. 52. 34. 27. 16. 35. 49. 52. 59. 13. 18. 21. 24. 10. 8. 15. 18. 38. 54. 57. es- 52. 3728. 18. | | 1 | 1. 0. 2. 1. 64. 68. 68. 68. 3432. 30. 31. 30. 28. 33. 23. 12. 10. 8. 16. 53. 63. 70. 68. 34. 27. 22. 16. 27. 21. 1714. ss. 64. 71. 68. 15. 15. 12. 18; | | | | 1. 1. 1. 1- 74. 66. 7062. 25. 33. 2. 9. 37. 48. 42. 56. 49. 23. 16. 32. 40. 23. 41. 32. 27. 62. 46. 59. 59. 15. 13. 9. 13. 15 55-. 51. 57. 58. 30. 42. 36. 30. 6142. 5664. 3858. 44. 36. 50. 49. 4. 9. 5. 4. 42. 42. 35. 30. 32. 39. 45. 49. 56. 52. 50. 46. 57. 53. 54. 47. 33. 39. 44. 49- 62. 64. 62. 5. 4. 37. 36. 37. 46. . . 6 7. 13. 10 . 7. . 5. 2 QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, TENTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF KANSAS CITY TABLE 343.2Q AVERAGE LOAN/DEPOSIT RATIO, AND PERCENTAGE OF BANKS REPORTING OTHER CONDITIONS THAT REFLECT RELATIVE CREDIT AVAILABILITY DATE OF SURVEY REFUSED OR | NUMBER OF FARM LOAN REQUESTS REFERRED TO— REDUCED A (ACTIVELY LOAN/DEPOSIT RATIO IS— FARM LOAN (SEEKING CORRESPONDENT BANKS NONBANK AGENCIES AVERAGE LOAN/DEPOSIT LONER HIGHER REQUEST IN | NEW PREVIOUS | FARM | COMPARED NITH THAN AT THAN | COMPARED NITH RATIO NONE| USUAL NUMBER NONE| USUAL NUMBER (PER CENT) DESIRED DESIRED DESIRED QUARTER DUE| LOAN LEVEL LEVEL LEVEL TO SHORTAGE!ACCOUNTS I. I_________________ JLOggfi.SAMEJjlGHEBj ____ ^ o «e b _ sah e _h i g h e r 12. 12. 12. 10. 37. 34 *. 39. 51. | | | | 13. 14. 11. 20. 58. 51. 51. 35. | ( I ( 51. 48. 47. 52. 19. 13. 19. 9. 62. 69. 65. 69. 19. 18. 16. 21. 21. 12. 12. 17. 48. 52. 59. 52. 37. 30. 31. 26. | 1 I 1 39. 40. 37. 41. 7. 10. 8. 10. 64. 63. 64. ss- 29. 27. 28. 32. 16. 15. 14. 15. 44. 4643. 43. | | ( | I ( | | ( 23. 22. 26. 26. 62. 62. 63. 64. | 51. I 54. | 49. | 40. I ( 31. ( 36. | 28. | 31. 1 ( 40. | 39. 1 43. I 42. 21. 15. 13. 18. 31. 39. 35. 34. ( | 1 ( 43. 36. 39. 40. 12. 10. 20. 19. es. 73. 66. 66. 23. 17. 15. 16. 1979-Q1...| -Q2. .. | -Q3. .. | -Q4...I 62. 63. 64. 64. | J | | 38. 42. 42. 35. 18. 11. 14. 9. 43. 47. 44. 56. 14. 18. 18. 21. 37. 35. 37. 34. I | | | 40. 4040. 44. 18. 16. 14. 13. 68. 62. 65. 61. 14. 22. 21. 26. 1980-Q1...j -Q2...| -Q3...| -Q4...I 63. 64. 63. 60. 38. 29. 41. 52. 11. 11. 21. 14. 51. 60. 38. 34. 22. 32. 18. 8. 32. 17. 27. 44. | | | | 43. 44. 48. 47. 17. 16. 19. 23. 59. 62. 70. 65. 25. 22. 11. 13. 1981-Q1...| -Q2...J -Q3. .• | -Q4...J 59. 60. 61. 61. 1 | | I J ( ( 1 1 | ( | | I | | | ( 54. 58. 51. 52. 15. 9. 13. 11. 32. 33. 37. 37. 10. 7. 10. 11. 43. 39. 39. 40. I | | I 51. 46. 45. 43. 18. 16. 20. 17. 74. 67. 64. 69. 8. 16. 16. 14. 1976-Q1.••| -Q2... ( -Q3...I -Q4...I 56. 57. 59. 62. 1977-Q1...I -Q2. .. ) -Q3...I — Q4.•• | 61. 62. 65. 65. 1978-Q1...| -Q2...I -Q3...1 -Q4...I | i | ( | | | | l | | | | I | | | ( I | | | | 1 | | ( | I ( | | | 41. 45. 44. 46. 1210. 13. 9. 63. 70. 69. 66. 26. 20. 19. 25. 39. 37. 36. 32. 5. 6. 5. 5. 61. 57. 58. 50. 34, 37, 37. 45. 36. 34. 37. 36. 7. 13. 14. 13. 44. 4958. 57. 49. 38. 29. 29. 33. 31. 31. 35. 13. 13. 13. 12. 53. 50. 56. 54. 34. 37. 31. 34. 35. 24. 35. 42. 13. 5. 12. 14. 57. 51. 59. 62. 30, 44, 29, 24. 37. 37. 38. 40. 17. 12. 14. 15. 58. 62. 53. 56- 26. 26, 33. 28. 51 QUARZSRLI SUBVEX OP AGRICULTURAL CBEDIT COBDITIOBS, TEBTH FEDERAL RESERVE DISTRICT— FEDERAL IESEIF* BABE OB XAMSAS CITI TABLE 3 * 3 . 3 Q HOST COBBOV IBTEBEST BATES CBABGED 01 FARB LOABS (AVERAGE, PEE CENT) 1 | | 1 1 1976-Q1... | -Q2...I DATE OP SUBVEX OTBEB OPEBATIBG LOABS FEEDER CATTLE LOABS IBTEBBEDIATE-TBBB (1 TO 7 TEARS) LOABS LOBG-TEBB BEAL ESTATE LOABS -04... 1 8.77 8.81 8.78 8.62 6.92 8.91 8.89 8.93 9.15 9,21 9.16 9.22 9.10 9,17 9.19 9.22 1977-Q1...| -Q2...I -03... | -Q4...I 8.84 8.84 8.84 6.87 8.95 8.96 8.98 8.98 9.23 9.33 9.34 9.32 9.23 9.25 9.25 9.22 1978-Q1... | -02... | -03...| -04...| 6.90 8.94 9.07 9.27 9.03 9.06 v9.22 9.40 9.35 9.38 9.54 9.80 9.23 9.29 9.46 9.64 1979-Q1...I -Q2..-1 -Q3. .,1 -Q4...I 9.88 10.20 10.45 11.52 9.95 10.28 11.09 11.59 10.24 10.62 10.80 11.81 10.03 10.30 10,51 11.31 1980-Q1...| -Q2...I -03.,.| -Q4...I 12.99 16.53 14.04 13, 96 13.06 16.55 14.12 14.06 13.11 16.86 14.18 14.24 12.37 15.88 13.03 13,96 1981-Q1...I -02... | -03...I -Q4...J 16.95 16.26 17.39 18.09 17.06 16.33 17.43 18.11 16.61 16.44 17.38 18.14 15. 95 15.68 16.99 18.06 QOABTEBLX SURVEY OP AGBICOLTUBAL CREDIT C0HDITI01S, XE1TB FEDERAL RESERVE DISTRICT— PEDEBAL BESEBVE BABB OP KABSAS CIXT ZABLE 3 * 3 . HQ FABB BEAL ESTATE VALUES HAfiKEI VALUE OP GOOD PARHLABD DOLLARS FEB ACRE | | RABCHLAHD 1 BOBIRBIGATED IRRIGATED CRQPLABD CBOPLABD 1 1 234. 469. 823. 1976-Q1. .. | 254. 884. 491. -Q2...I 497. 914. 253. 528. 259. 991. -Q4.-.I 1 1977-Q1...| 977. 261. 519. 530. 980. 272. -Q2...I 271. -03... | 533. 984. 264. 961. 518. -Q4...I DATE OF SUBVBT PEBCEBTAGE CHARGE PROS PREVIOUS QUABTEB | PEBCEBTAGE CBABGE PROB PREVIOUS TEAP BOBIRBIGATED IRRIGATED CRQPLABD _ CBOPLABD BABCHLABD | BOBIRBIGATED 1 CBOPLABD IRRIGATED CBOPLABD BABCHLABD **** 4.6 1.2 6.2 **** 7.4 3.5 8.4 **** 8.4 -0.3 2.5 | | | j **•* *•** **** **•* •*** ***• -1.7 2.2 0.5 -2.8 -1.5 0.4 0.3 -2.3 0.6 4.2 -0.4 -2.6 | I 1 | 10.6 8.1 7.3 -1.9 18.7 10.9 7.6 -3.0 11.5 7.1 7.0 1.7 •*** 1978-Q1...| -Q2...I -Q3...I -04. .,|. 530. 546. 561. 591. 980. 970. 1007. 1066. 264. 270. 280. 295. 2.3 3.1 2.8 5.3 2.0 -1.0 3.7 5.9 0.0 2.4 3.6 5.4 1 | 1 I 2.1 3.0 5.4 14.2 0.4 -1.0 2.3 10.9 1.2 -0.6 3.4 11.9 1979-Q1..,| -02...1 -03. ..| -Q4..-I 615. 672. 695. 721. 1114. 1181. 1316. 1296. 297. 334. 335. 348. 4.1 9.2 3.4 3.8 4.5 6.0 11.5 -1.5 0.8 12.5 0.2 3.9 I I I 1 16.2 23.0 23.8 21.9 13.7 21.7 30.8 21.6 12.6 23.7 19.8 18.1 1980-Q1...| -02...| -03...1 -Q4...| 739. 738. 722. 778. 1273. 1263. 1254. 1304. 357. 357. 353. 371. 2.5 -0. 1 -2.2 7.8 -1.8 -0.9 -0.7 4.0 2.6 -C.1 -1.2 5.3 1 t 1 1 20.1 9.9 3.9 7.9 14.3 6.9 -4.7 0.6 20,2 6,8 5.2 6.6 1981-Q1...1 -Q2...I -Q3...I -04. .. | 806. 616. 848. 849. 1334. 1366. 1440. 1384. 388. 400. 405. 403. 3.5 1.3 3.9 0.1 2.3 2.4 5.4 -3.8 4.6 3.1 1.2 -0.6 | 1 I 1 9.0 10.5 17.4 9.1 4,8 8.2 14.8 6.1 8.6 12.1 14.9 8.5 ± 52 QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, ELEVENTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF DALLAS TABLE 344.IQ CURRENT FARM NON-BEAL-ESTATE LENDING EXPERIENCE, COMPARED WITH USUAL CONDITIONS PERCENTAGE OF BANKS REPORTING FUND AVAILABILITY DEMAND FOB LOAMS DATE CF SURVEY LONER SAME 1975-Q3... -Q4. .• 20. 21. 50. 58. 30. 21. 1976-Q1... -Q2... -Q3... -Q4. •. 16. 17. 6. 7. 53. 55. 54. 46. 40. 47. 1977-Q1... -G2... -Q3... ~Q4. 14. 7. 5. 3. 51. 53. 43. 42. 35. 40. 52. 55. 1978-Q1... -Q2... -Q3... -Q4... 8. 6. 4. 6. 45. 52. 47. 46. 47. 42. 48. 48. 1979-Qt... -Q2... -Q3... -Q4... 8. 11. 12. 14. 43. 46. 54. 52. 4S. 43. 34. 34. 1980-Q1. •• -Q2... -Q3... -Q4 ,.. 23. 38. 23. 52. 39. 46. 55. 25. 14. 16. 22. 1981-Q1... -Q2... -Q3... -Q4... 39. 40. 47. 51. 45. 46. 40. 30. 16. 14. 13. 19. LONER HIGHER 46. 31. 2 e. 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 SAME 12. 11. 50. 59. 38. 30. 7. 7. 7. 14. 58. 58. 68. 62. 36. 36. 25. 24. 15. 12. 15. 19. 51. 54. 63. 63. 34. 34. 22. 18. 20. 17. 28. 38. 65. 65. 57. 48. 15. 17. 14. 14. 40. 38. 37. 35. 46. 50. 51. 50. 13. 12. 11. 15. 20. 35. 16. 11. 63. 53. 58. 57. 17. 13. 26. 33. 14. 9. 11. 11. 57. 55. 58. 55. 29. 35. 31. 34. RENENALS OR EXTENSIONS LOAN REPAYMENT BATE LONER HIGHER SAME 37. 25. 57. 64. 6. 12. 28. 21. 15. 28. 65. 73. 78. 69. 7. 6. 7. 4. 28. 26. 31. 38. 66. 67. 66. 59. 5. 7. 3. 3- 49. 36. 2&. 29. 49. 61. 72. 61. 3. 4. 4. 28. 19. 18. 14. 61. 69. 66. 66. 11. 12. 16. 20. 16. 28. 27. 39. 68. 64. 69. 56. 16. 9. 45. 40. 42. 38. 51. 57 .. 56. 59. 4. LONER HIGHER 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 l 1 1 1 1 1 1 1 1 1 1 1 SAME 6. 15. 48* 50. 47. 35. 117. 6. 5. 55. 66. 74. 69. 34. 27. 20. 26. 8. 5. 4. 4. 59. 59. 65. 52. 33. 35. 31. 44. 4. 4. 7. 10. 44. 5562. 60. 52. 41. 3130. 14. 14. 13. 21. 57. 60. 66. 64. 29. 27. 20. 15. 20. 13. 8. 60. 60. 63. 56. 21. 28. 2937. 48. 54. 55. 55. 45. 43. 4040. I I I I I I 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 9. 4. 5. 3. 2. 4. COLLATERAL BEQOIBED HIGHER 7. 7. 3. 4. 5. LONER f 1 A 1 1 « 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 SAME HIGHER 0. 1. 54. 61. 4638. 1. 0. 1. 0. 63. 68. 71. 68. 37. 32. 2832. 1. 0. 1. 1. 74. 70. 6268- 25. 30. 3832. 0. 1. 0. 1. 62. 59. 63. 59. 38. 40. 37. 41. 1. 1. 0. 0. 6456. 63. 58. 35. 43. 37. 42. 1. 2. 1. 1. 63. 36. 62. 62. 62. 37. 37. 1. 59. 59. 59. 57. 40. 40. 41. 1. 1. 1. 36. 43. QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, ELEVENTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OP DALLAS TABLE 344.2Q FARM NON-REAL-ESTATE LOAN VOLOBB EXPECTED DURING THE CURRENT QUABTEB, COMPARED NITH VOLUME OP LOANS HADE A TEAR EARLIER PERCENTAGE OF BARKS REPORTING FEEDER CATTLE TOTAL w a * O 1 | | i 1 1975-Q3. .. | -Q4... i DATE OP SURVEY _ _ SAME HIGHER DAIRY CROP .STORAGE OPERATING LONER SAME iIGHER H LONER SAME HIGHER LONER SAME HIGHER LONER SAME HIGHER PARS MACHINERY LONER SABE HIGHER 26. 23. 41. 55. 33. 23. 54. 38. 30. 42. 16. 20. 34. 31. 59. 64. 6. 5. 15. 16. 55. 62. 30. 22. 13. 15. 36. 49. 52. 36. 29. 15. 42. 50. 30. 36. 1976-Q1...| — Q2...| -Q3-- 1 -04...| 13. 11. 7. 14. 51. 52. 51. 44. 36. 37. 41. 42. 28. 30. 27. 41. 45. 55. 55. 46. 27. 15. 17. 13. 21. 18. 21. 17. 71. 76. 72. 75. 8. 6. 8. 8. 17. 11. 14. 13. 57. 75. 59. 58. 26. 15. 26. 29. 7. 7. 7. 10. 43. 46. 4 5. 43. 50. 47. 48. 47. 10. 16. 14. 16. 57. 50. 52. 49. 33. 34. 35. 36. 1977-Q1...| -Q2. .. | -Q3...I -Q4...I 11. 7. 6. 11. 50. 47. 50. 46. 39. 46. 44. 43. 27. 24. 23. 18. 57. 62. 59. 59. 15. 14. 18. 23. 14. 12. 15. 18. 81. 82. 73. 75. 5. 7. 13. 7. 9. 12. 11. 15. 61. 67. 56. 54. 30. 22. 33. 31. 8. 5. 3. 11. 44. 38. 40. 42. 48. 57. 56. 47. 15. 14. 15. 30. 50. 48. 47. 43. 35. 38. 38. 27. 1978-Q1... I -Q2... | -Q4... I 9. 11. 6. 14. 44. 47. 50. 43. 47. 42. 44. 43. 13. 18. 11. 16. 60. 46. 56. 45. 27. 36. 32. 39. 15. 14. 15. 18. 77. 72. 72. 73. 8. 14. 14. 9. 10. 11. 13. 12. 57. 61. 57. 60. 33. 28. 30. 28. 6. 10. 5. 11. 44. 36. 44. 46. 4954. 51. 43. 31. 2823. 20. 45. 48. 47. 51. 24. 24. 30. 29. 1979-Q1...| -Q2. .. | -Q3. .. | -Q4...I 15. 18. 23. 20. 45. 48. 52. 53. 40. 34. 25. 27. 18. 22. 29. 19. 47. 51. 55. 60. 35. 27. 16. 21. 12. 19. 17. 16. 78. 73. 71. 72. 10. 6. 12. 12. 18. 11. 21. 13. 61. 77. 70. 66. 21. 13. 9. 21. 10. 14. 19. 11. 40. 41. 44. 51. 50. 45. 36. 39. 22. 18. 14. 19. 51. 48. 54. 45. 27. 33. 33. 36. 1980-Q1... | -Q2...I -Q3...I — Q4...| 24. 53. 29. 19. 50. 36. 51. 56. 26. 11. 20. 25. 33. 67. 35. 31. 51. 33. 56. 58. 16. 1. 9. 11. 21. 46. 24. 19. 68. 47. 67. 67. 11. 7. 10. 14. 22. 41. 22. 21. 65. 52. 67. 63. 13. 7. 11. 15. 21. 34. 13. 11. 39. 40. 52. 47. 40. 26. 34. 42. 22. 52. 34. 27. 44. 35. 53. 56. 34. 13. 14. 18. 1981-Q1... J -Q2...I -Q3...1 -Q4...| 31. 27. 36. 39. 46. 52. 42. 46. 21. 22. 22. 15. 43. 38. 50. 46. 49. 58. 43. 46. 6. 4. 6. 7. 28. 19. 27. 31. 63. 70. 60. 66. 10. 11. 13. 3. 27. 27. 25. 24. 59. 65. 57. 55. 14. 7. 18. 21. 21. 17. 23. 28. 45. 43. 44. 44. 34. 41. 33. 28. 41. 35. 40. 41. 42. 47. 45. 45. 17. 18. 15. 14. _ _ _ L_ . _ _ _ 53 QUARTERLY SURVEY OF AGRICULTURAL CBEDIT CONDITIONS, ELEVENTH i -DEF.AL RESERVE DISTRICT— FEDERAL BESERVE BARK OF DALLAS TABLE 344.3Q AVERAGE L O A M / D E P O S I T BATIO, AMD P E B C E M T A G E OF BAR K S RBPt/iilING OTHER C O N D I T I O M S T HAT REFLECT REL A T I V E CR E D I T AVAILABILITY REF U S E D OB | R E DUCED A (ACTIVELY FARH LOAM |SEEKING R E Q U E S T IN | MEN RIGBEB PREVIOUS | FARH IHAM QUARTER DUE) LOAM DE S I R E D TO S H O BTAGE|ACCOUNTS O t f P H PS...l . . NUMBER OF FARH L OAM REQUE S T S BEFEB B E D TO— L O A M / D E P O S I T BAT I O IS— DATE OF SUBVEI AVBB A G B L O A N / DEPOSIT R ATIO (PERCENT) 1 9 75-Q3.• • | -04...| 58. 55. 1976-Q1...| -Q2...I -Q3...I -Q4...| 54. 55. 58. 60. 1977-Q1...| -Q2...I -Q3...| -Q4...» 57. 58. 62. 63. 1978- Q 1 . • . | -Q2.-.I -Q3...( -Q4...I 60. 59. 6?. 63. 1979-Q1...| -Q2...I 60. 60. 62. 63. “ Q4...| 1980-Q1...( - Q 2 ---« -Q3...I -Q4...J 25. 29. 55. 55. 20. 16. | | 11. 12. 40. 44. 37. 37. 26. 24. 46. 48. 56. 50. 17. 15. 19. 26. 1 j | | 8. 7. 7. 13. 49. 51. 50. 45. 25. 31. 22. 21. 59. 53. 53. 52. 16. 17. 26. 28. | ( ( ( 10. 10. 15. 9. 50. *9. 44. 39. 21. 25. 21. 15. 56. 51. 47. 54. 23. 24. 31. 31. | J | 1 9. 15. 14. 22. 36. 36. 32. 32. | I 1 1 1 | 1 | 1 1 1 | | | 57. 56. 57. 58. -Q4...J ABOUT BIG H T | I 1 1 1 I ( 1 | 1 | | 1 | I | t 59. 58. 60. 5*9. 1981-Q1...| -Q2...( LONER THAN DESIRED 22. 20. 19. 15. 52. 55. 55. 61. 26. 25. 26. 24. | | | | 23. 22. 24. 16. 28. 30. 33. 35. 23. 17. 30. 30. 63. 63. 57. 55. 14. 19. 13. 15. { | | | 14. 21. 18. 9. 37. 20. 36. 41. 31. 38. 40. 42. 54. 49. 46. 42. 15. 12. 14. 15. | | | ( 7. 6. 6. 7. 39. 44. 44. 41. C O R R E S P O N D E N T BANKS, C O M P A R E D WITH USUAL RUBBER LOWER SAME NONBARK AGBNC1ES, C O M P A R E D WITH U S U A L NUMBER HIGHER LONER SAME HIGHER I I I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 27. 28. 61. 60. 13. 12. | | 17. 14. 59. 65. 22. 20. 22. 20. 16. 19. 66. 69. 72. 63. 13. 11. 11. 18. | | | 1 19. 16. 13. 17. 63. 71. 80. 74. 18. 13. 7. 9. 16. 18. 17. 12. 70. 72. 66. 68. 14. 10. 17. 20. | | | ( 12. 13. 14. 7. 73. 65. 65. 64. 15. 22. 21. 29. 10. 10. 7. 8. 74. 73. 73. 68. 15. 17. 20. 24. | | | | 8. 8. 8. 5. 61. 64. 63. 60. 31. 28. 29. 35. 1 1 15. 9. 14. 13. 69. 75. 69. 71. 17. 16. 17. 16. | 1 | | 6. 7. 7. 13. 55. 63. 67. 67. 38. 30. 26. 20. 18. 20. 14. 14. 74. 69. 78. 78. 8. 12. 8. 8. | | | | 14. 3. 9. 11. 63. 58. 68. 68. 23. 33. 23. 21. 14. 12. 11. 16. 76. 79. 80. 78. 10. 9. 9. 6. | 1 | | 8. 7. 9. 10. 65. 66. 71. 72. 27. 27. 20. 18. 1 1 1 I 1 1 1 1 1 1 1 1 Q UARTERLY SURVEY OF AGBICU L T U B A L CBED I T CONDITIONS, ELEVENTH FEDERAL R E S E R V E D I S T R I C T — FEDERAL RESERVE BANK OF DALLAS T A B L E 3 4 4 . 4Q HOST COM M O N INT E R E S T BAT E S C H A R G E D OH FARM LOANS (AVERAGE, PERCEMT) I | | l 1 1975-Q3...| -Q4...I DATE O F SURVEY FEEDER C A T T L E LOANS OTHER OPERATING LOANS INTEBHEDIAT E-TERM (1 TO 7 YEARS) LOAMS LONG - T E R M BEAL ESTATE LOANS 9.47 9.60 9.39 9.41 9.36 9.44 9.26 9.32 1976-Q1. . • | -Q2...| -Q3...| -Q4...| 9.46 9.34 9.33 9.33 9.42 9.33 9.29 9.31 9.42 9.40 9.40 9.41 9.36 9.35 9.36 9.35 19 7 7 - Q 1 . . . | -Q2...I -Q3...I -Q4...I 9.27 9.30 9.28 9.30 9.28 9.25 9.24 9.26 9.37 9.37 9.40 9.43 9.31 9.32 9.33 9.39 1978-Q1. . . | -Q2...I -Q3...I -Q4...| 9.39 9.43 9.53 9.75 9.37 9.42 9.50 9.74 9.46 9.52 9.58 9.79 9.44 9.48 9.56 9.77 1979-Q1...| -Q2...( -Q3...I -Q4...I 10.10 10.25 10.35 11.42 10.07 10.25 10.34 11.33 10.08 10.24 10.35 11.31 9.99 10. 12 10.19 10.91 198 0 - Q 1 . . . | -Q2...I -Q3...I -Q4...( 13.12 16.18 13.24 13.33 13.02 15.79 13.21 13.30 12.92 15.76 13.17 13.35 11.92 15.14 12.83 12.96 19 8 1 - Q 1 . . . | -Q2...I -Q3...I -Q4...I 18.59 17.56 19.16 19.67 18.38 17.36 19.02 19.37 17.87 17.01 18.87 19.23 17.09 16. 19 18.10 18.84 54 QUARTERLY SURVEY Of AGRICULTURAL CREDIT CONDITIONS, TABLE 344.5Q ELEVENTH FBDEPAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF DALLAS TRENDS IN FARM REAL ESTATE VALUES AND LOAN VOLUTE MARKET VALUE OF GOOD FAPNLAND DATE O F SURVEY P E R C E N T A G E CH A N G E | D O LLARS PER ACRE | FfiOH PREVIOUS Q U ARTER 1 1 | DRYI R R I RANCHI RRI RANCH-1 DRY GATED 1 LAND L A N D 1 LAND GATED _LAMD_ 1975-Q3... | ***** ***** ***** -C4... | ***** ***** ***** | • •** | **** PERCEN T A G E CHAN G E FfiOH P R EVIOUS YEAR PERCENTAGE OF BANKS EXPECTING (PERCENTAGE O F BANKS EXPECTING | TRENO DURING THE CURLENT | .Q U ARTER TO BE— DfilLAND. IRRI RANCH-1 GATED __L A N D ! DOWN S T ABLE UP DURING THE C U R B E N T QUARTER, AS COHPA R E D WITH VOLU H E HADE A YEAR EABLIEP, TO BE— LCUEB SA..1E HIGHEE **•• • *** •*** **** **** **** **** **** **•* ***• 4. 3. 87. 78. 19. 31. 22. 57. 67. 12. 11. **** **•* ***• -2 . 5 **** *••* • *** 2.8 **** **•* **** 3.6 • *** **•* *•** ***• ***• **** **** **** ••** **** *•** ***• 3. 3. 1. 3. 81. 80. 76. 76. 16. 17. 23. 21. 16. 16. 18. 16. 72. 72. 68. 67. 12. 12. 13. 17. 2.1 2.0 2.7 0.2 2.2 0.0 5.4 -3.0 1.1 -0.3 5.9 - 2.6 **** *•** 4.3 7.2 • *** **** 10.7 4.5 **•• ***• 10.6 3.9 5. 4. 7. 1927. 20. 16. 18. 17. 13. 23. 66. 66. 66. 62. 16. 17. 21. 16. 13. 28. 21. 64. 67. 63. 65. 19. 16. 23. 12. 61. 61 . 61. 56. 13. 11. 12. 18. 9. 1976-Q1... -32... -Q3... -Q4... j ***** ***** ***** | ***** ***** ***** 274. | 397. 652. | 387. 670. 284. 1977-Q1... -Q2... -Q3... -Q4... | I | | 395. 403. 414. 415. 685. 685. 722. 700. 287. 286. 303. 295. 1 | | | | 1 | | | | 13. 76. 69. 73. 71. 1978-Q1... -Q2... -33... - Q 4 . .. | 1 | 1 435. 441. 449. 481. 704. 726. 781. 776. 300. 304. 344. 34^. | | | | 4.8 1.4 1.8 7. 1 0.6 3.1 7.6 - 0.6 1.7 1.3 13.2 -0.6 10. 1 9.4 8.5 15.9 2.8 6.0 8.2 10.9 4.5 6.3 13.5 15.9 11. 2. 76. 70. 1. 77. 2. 72. 26. 18. 17. 14. 24. 1979-Q1... -Q2... - Q 3 . .. -Q4... | | | | 474. 828. 928. 833. 369. 378. 394. 422. | -1.5 | 9.5 | -2.1 | 6.1 6.7 12.1 - 6.7 - 3.8 7.9 2.4 4.2 7.1 9.0 17.7 13.1 12.1 17.6 27.8 10.9 7.3 23.0 24.3 14.5 23.4 3. 2. 3. 2. 71. 68. 70. 62. 27. 29. 27. 36. 25. 28. 27. 26. 1980-01... -02... -03... -Q4... | | | | 545. 573. 576. 551. 921. 954. 988. 970. 399. 409. 419. 407. | 1. 1 | 5.1 | 0.5 | -4.3 10.6 3.6 3.6 -1.8 -5.5 2.5 2.4 -2.9 15.0 10.4 13.4 2.2 11.2 2.8 14.1 16.4 8.1 8.2 6.3 -3.6 3. 70. 75. 79. 74. 27. 13. 13. 23. 41. 51. 8. 69. 45. 26. 29. 51. 66. 2. 4. 8. 1981-Q1... -Q2... -03... -Q4... | | | | 597. 646. 643. 626. 1064. 1057. 1076. 1060. 9.7 -0.5 13.6 5.4 1.2 9.5 12.7 11.6 13.6 15.5 10.8 8.9 9.3 1.5 12.5 15.8 20.6 70. 75. 75. 76. 24. 21. 21. 14. 43. 36. 43. 45. 51. 56. 51. 52. 5. 8. 5. 3. 519. 508. 539. 866. 405. | 8.3 460. | 8.2 485. | - 0.5 491. | - 2.6 ________ 1 -0.7 1.8 -1.5 12. 8. 3. 7. 4. 4. 10. 55 QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, FIFTH FEDERAL RESERVE DISTRICT-FEDERAL RESERVE BARK OF RICHMOHD TABLE 345*IQ CURRENT FARH NON-REAL-ESTATE LENDING EXPERIENCE, COMPARED KITH USUAL CONDITIONS PERCENTAGE OF BANKS REPORTING DATE OF SURVEY DEMAND FOR LOAMS 1 |_ | LONER SAME HIGHER FUND AVAILABILITY LONER SAME LOAN REPAYMENT RATE HIGHER LONER SAME HIGHER RENENALS OR EXTENSIONS LONER SAME HIGHER COLLATERAL REQUIRED LONER SAME HIGHER 1975-Q4.•• | 21. 51. 28. 10. 46. 44. 31. 62. 8. 5. 67. 28. 0. 77. 23. 1976-Q1...I -Q2...J 12. 6 0 11. 68. 71. 74. 74. 21. 23. 26. 14. 6. 6. 3. 3. 44. 43. 63. 68. 50. 51. 34. 29. 21. 20. 0 11. 71. 77. 97. 86. 9. 3. 3. 3. 3. 0. 11. 9. 71. 80. 86. 83. 27. 20. 3. 9. 0 0. 0 0. 76. 80. 83. 80. 24. 20. 17. 20. 24. I © * . . 1977-Q1...I -Q2-..I -Q3...| 0 6. 6 12. 85. 60. 58. 62. 15. 34. 36. 27. 3. 0 6. 9. 50. 63. 72. 71. 47. 37. 22. 21. 11. 24. 77. 91. 89. 74. 0. 3. 0. 3. 126. 0. 3. 59. 83. 86. 67. 29. 11. 14. 30.. 0. 0 3. 0 79. 79. 81. 85. 21. 21. 17. 15. 1978-Q1..-I 7. 21. 19. 10. 60. 36. 69. 61. 33. 42. 13. 29. 10. 27. 36. 32. 73. 67. 58. 65. 17. 6. 7. 3. 57. 30. 13. 10. 37. 70. 84. 81. 7. 0. 3. 10. 3. 3. 3. 16. 33. 61. 81. 68. 63. 36. 16. 16. 0. 3. 0. 77. 73. 78. 84. 23. 27. 19. 16. 1 o 4 * . . . . . 13. 9. 7. 16. 63. 65. 68. 58. 25. 27. 26. 26. 31. 27. 36. 26. 66. 74. 65. 74. 3. 0. 0 0. 6. 6. 7. 10. 78. 85. 87. 87. 16. 9. 7. 3. 16. 12. 0 3. 75. 85. 90. 84. 9. 3. 10. 13. 0 0. 0 0. 75. 76. 71. 74. 25. 24. 29. 26. 1980-Q1..-I -Q2— .| -Q3...J •Q4.••| 21. 43. 46. 44. 57. 37. 37. 38. 21. 20. 17. 18. 21. 34. 14. 15. 71. 66. 66. 59. 7. 0 20. 27. 29. 37. 29. 47. 68. 60. 69. 53. 4. 3. 3. 0. 0 33. 3. 57. 54. 63. 53. 43. 43. 34. 44. 0 0 0. 3. 69. 43. 77. 65. 31. 57. 23. 32. 1981-Q1...| -Q2...| 56. 47. 58. 48. 27. 33. 30. 48. 18. 20. 12. 3. 12. 3. 6. 0 65. 63. 55. 58. 24. 33. 39. 42. 50. 37. 33. 26. 47. 6364. 65. 3. 0. 3. 10. 6. 0. 3. 10. 35. 57. 64. 61. 59. 43. 33. 29. 0 0. 0 0. 77. 69. 73. 61. 24. 31. 27. 39. -Q3...I 1979-Q1...| -Q3...I -Q4...I . . 6m . . . . . . 0. . . . . . . T A B L E T S . 2 Q R?ET °* A6BIC01T0fiA1 CRBDIT CONDITIONS, FIFTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF RICHMOND FARH NON-RBAL-ESTATE LOAN VOLUME EXPECTED DURING THE CURRENT QUARTER, COMPARED HITH VOLUME OF LOANS MADE A TEAR EARLIER PERCENTAGE OF BANKS REPORTING 1 | | 1 1 1975-Q4.•• | I 1976-Q1... | -Q2...I “Q3. .• | -Q4...I | 1977-Q1.•.| -Q2...I -Q3...I -Q4...J | 1978-Q1...| -Q2...| -Q3...I -Q4...| | 1979-Q1...J -Q2...I -Q3...| -Q4...I DATE OF SURVEY TOTAL FBE1)BR ClkTTLE DAIRY CROP STORAGE OPERATING FARH MACHINERY LONER SAME HIGHER LONER SAME HIGHER LONER SAME HIGHER LONER SAME HIGHER LONER SAME HIGHER LONER SAME HIGHER 13. 58. 29. 39. 52. 9. 12. 76. 12. 14. 58. 28. 8. 59. 33. 18. 49. 33- 6. 0. 6. 3. 61. 67. 37. 14. 19. 26. 56. 61. 77. 33. 33. 29. 20. 68. 7. 25. 13. 7. 25. 10. 16. 12. 57. 66. 66. 73. 18. 24. 19. 15. 23. 19. 16. 7. 55. 69. 68. 61. 23. 13. 16. 32. 3. 0. 3. 6. 47. 54. 66. 77. 50. 46. 31. 17. 21. 11. 17. 9. 41. 49. 60. 69. 3840. 23. 23. 3. 0. 6. 6. 73. 69. 56. 64. 24. 31. 39. 30. 19. 7. 28. 14. 78. 87. 66. 64. 4. 7. 7. 21. 11. 10. 23. 17. 79. 81. 70. 72. 11. 10. 7. 10. 10. 9. 15. 19. 73. 82. 55. 41. 17. 9. 30. 41. 3. 3. 8. 9. 56. 49. 36. 44. 41. 49. 56. 47. 6. 3. 17. 24. 68. 57. 47. 59. 27. 40. 36. 18. 7. 16. 19. 17. 62. 50. 59. 72. 31. 34. 22. 10. 15. 10. 21. 7. 74. 80. 71. 71. 11. 10. 7. 21. 11. 17. 21. 10. 85. 80. 79. 90. 4. 3. 0. 0. 14. 28. 13. 10. 57. 69. 67. 53. 29. 3. 20. 37. 13. 24. 16. 23. 37. 36. 44. 55. 50. 39. 41. 23. 30, 30. 31. 23. 53. 46. 38. 48. 17. 24. 31. 29. 16. 6. 17. 23. 55. 58. 62. 57. 29. 36. 21. 20. 15. 11. 27. 19. 70. 71. 69. 82. 15. 18. 4. 0. 17. 19. 22. 25. 72. 75. 74. 68. 10. 6. 4. 7. 23. 30. 14. 28. 65. 58. 62. 48. 13. 12. 24. 24. 19. 6. 19. 23. 47. 50. 48. 42. 34. 44. 32. 36. 16. 12. 26. 19. 56. 65, 48. 71. 28. 24. 26. 10. 1980-Q1...| 21. -Q2... | 50. -Q3...I 33. -Q4...J 32. | 1981-Q1...J 37. -Q2. .. | 33. -C3...I 36. -Q4...| 31. 54. 32. 52. 45. 25. 18. 15. 23. 26. 59. 42. 31. 70. 41. 58. 55. 4. 0. 0. 14. 26. 43. 31. 45. 74. 57. 66. 41. 0. 0. 3. 14. 26. 53. 32. 44. 56. 38. 50. 31. 19. 9. 18. 25. 11. 34.. 17. 29. 46. 40. 49. 35. 43. 26. 34. 35. 32. 69. 57. 56. 54. 31, 34. 29. 14. 0. 9. 15. 43. 41. 43. 55. 20. 26. 21. 14. 41. 36. 50. 36. 50. 52. 50. 64. 9. 12. 0. 0. 31. 32. 40. 24. 66. 61. 57. 72. 3. 7. 3. 3. 41. 38. 38. 31. 44. 55. 53. 55. 15. 7. 9. 14. 29. 20. 21. 32. 35. 50. 55. 52. 35. 30. 24. 16. 56. 47. 55. 55. 27. 43. 39. 32. 18. 10. 613. -------------------------------- L 6 6 . 6 8 . 56 QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, FIFTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK CF RICHHOND TABLE 345.3Q AVERAGE LOAN/DEPOSIT RATIO, AND PERCENTAGE OF BANKS REPORTING OTHER CONDITIONS THAT REFLECT RELATIVE CREDIT AVAILABILITY NUMBER OF FARM LOAN REQUESTS REFERRED TO— REFUSED OR I REDUCED A (ACTIVELY CORRESPONDENT BANKS NONBANK AGENCIES FARM LOAN (SEEKING REQUEST IN J NEH ( COMPARED HITH PREVIOUS | FARM ( COMPARED HITH HIGHER NONE* USUAL NUMBER THAN NONE| USUAL NUMBER QUARTER DUE| LOAN DESIRED TO SHORTAGE*ACCOUNTS I _________________ ■QF_PtJlLQS__|________ _____Uigags-Siffg-iisggs LOAN/DEPOSIT RATIO IS— AVERAGE LOAN/DEPOSIT RATIO (PER CENT) DATE OF SURVEY 1975-Q4...( 64. 1976-Q1.••( -Q2...I -Q3.. .. ( -Q4-- | 60. 61. 64. 62. 1977-Q1...( -Q2. •• * -Q3...J -Q4...I 62. 64. 66. 65. 1978-Q1.••( -Q2.. • ( -Q3...( -Q4...J 66. 65. 68. 67. 1979-Q1...J -Q2. •• ( -Q3...I -Q4...( 65. 66. 68. 68. 1980-Q1...| -Q2...I -Q3-- | -Q4..-I 66. 66. 67. 65. 1981-Q1...I -Q2...( -Q3...( -Q4...I LOHER THAN DESIRED 63. 64. 64. 64. ( ( ( ( (____________ 62. 10. 44. 54. 55. 57. 9. 6. , 15. 9. 58. 49. 50. 49. o. 17. 24. 15. 43. 53. 47. 47. 21. 22. 41. 33. 16. 15. 10. 10. 61. 62. 58. 73. 23. 24. 32. 17. 14. 21. 18. 30. 57. 50. 61. 64. 29. 29. 21. 6. 55. 59. 52. 58. 6. 3. 15. ( 28. ( ( 47. | 40. ( 30. | 34. 1 | 42. ( 34. ( 27. | 36. 1 1 36. | 25. ( 13. | 20. ( ( | | 1 1 ( ( | ABOUT RIGHT 39. 38. 33. 42. 0. 8. 63. i ♦** *** *♦* 3. 3. 3. 0. 62. 71. 59. 65. | | | I 76. 63. 70. 71. 0. 11. 0. 3. 21. 26. 27. 24. 0. 0. 0. 0. 71. 82. 72. 68. | ( | * 70. 65. 66. 72. 6. 3. 3. 3. 21. 32. 31. 25. 3. 3. 13. 13. 73. 64. 56. 60. | 1 | ( 78. 71. 83. 71. 0. 3. 0. 0. 22. 26. 13. 29. 13. 6. 10. 7. 66. 68. 61. 61. I | | ( 72. 74. 63. 76. 0. 3. 0. 720. 9. 6. | 1 1 | ( I I | ( | | I ( | 1 ( ( | | ( ( ( | ( | | 1 | ( ( | 64. 34. 63. 68. ( ( 1 | 78. 75. 79. 76. 0. 4. 6. 3. 22. 14. 76. 82. 75. 75. 10. 10. 18. 25. 14. 71. 73. 70. 77. 3. 0. 3. 0. ( ( 1 1 0. 0. 0. 7. 28. 23. 30. 24. 12. 14. *** ( I 1 3. 1 0. 1 3. 1 3. 1 1 3. 1 0. 1 0. 1 0. i 1 0. 1 0. 1 3. 1 0. I 1 0. 1 3. 1 3. ( 0. 1 ( 0. l 7. ( 3. 1 7. 1 1 3. 1 0. i 0. 1 4. I *** «♦* ♦** *** 38. 36. 47. 47. 6. 7. 0. 6. 47. 45. 50. 44. 9. 13. 3. 3. 41. 44. 48. 53. 9. 3. 7. 6. 47 . . 44. 36. 25. 3. 9. 10. 16. 43. 33. 48. 52. 0. 0. 0. 0. 29. 33. 36. 36. 29. 33. 16. 13. 39. 39. 45. 59. 0. 0. 0. 0. 48. 39. 41. 31. 13. 23. 14. 10. 58. 47. 52. 55. 0. 0. a. 0. 23. 20. 26. 24. 19. 33. 23. 21. 13. 30. 31. 28. 32. 19. 21. 17. 52. 52. 48. 52. 3. a. 0. 3. JL QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, FIFTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK CF RICHHOND TABLE 345.4Q TYPICAL INTEREST RATES CHARGED ON FARM LOANS (AVERAGE, PER CENT) 1 ( ( 1 1 1975-Q4. ••* DATE OF SURVEY FEEDER CATTLE LOANS OTHER OPERATING LOANS INTERMEDIATE-TERM (1 TO 7 YEARS) LOANS LONG-TERM REAL ESIATB LOANS 9.53 9.34 9.48 9.29 9.26 9.20 9.22 9.26 9. 19 9.31 8.89 8.73 8.82 8.74 9.29 9.17 9.26 9.28 9.28 9.30 9.35 9.27 8.94 8.99 9.28 9.65 8.98 9.08 9.37 9.54 9.46 9.44 9.69 10.02 9.42 9.49 9.60 9.80 1979-Q1. . . * . -Q2...J -Q3...J -Q4...I 10.28 10.90 11.37 12.05 10.37 10.74 10.97 12.08 10.52 11.17 11.28 12.27 10.26 10.94 11.38 11.94 1980-Q1...J -Q2. .. ( -Q3...I -Q4...( 12.97 16.55 13.38 13.84 13.02 16.37 13.38 13.74 13.15 16.85 13.60 14.16 13.11 16.44 13.66 13.83 1981-Q1__ | -Q2...I -Q3...J -Q4...| 17.16 16.94 17.89 18.66 17.23 16.78 17.78 18.52 16.87 16.74 17.41 18.40 16.18 15.97 16.91 18.24 6.98 8.98 1976-Q1...( -Q2...1 -Q3...| -Q4...I 8.89 8.88 8.91 8.77 8.86 6.90 8.81 8.75 1977-Q1...J -Q2. •• | -Q3...I “Q4...1 8.89 8.78 8.84 8.70 1978-Q1... ( -Q2...1 -Q3..-I -Q4. .•* ' 57 QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS, FIFTH FEDERAL RESERVE DISTRICT— FEDERAL RESERVE BANK OF RICHMOND TABLE 345.5Q TRENDS IN FARM REAL ESTATE VALUES AND LOAN VOLUME 1 1 1 | 1 1 J 1 1975-Q4...| DATE OF SURVEY MARKET VALUE OF GOOD FARMLAND DOLLARS PER * ACRE PERCENTAGE CHANGE FROM PREVIOUS— QUARTER YEAR I PERCENTAGE CF BANKS EXPECTING TREND DURING THE CURRENT I QUARTER TO BE I I . STABLE UP _ J_ DOWN I 5. 13. 82. I 777. **** *♦** -Q3__ J -Q4. .. | 842. 810. 851. 869. 8.4 -3.8 5.1 2.1 **** **** **** 11.8 1977-Q1...| -Q2...I -Q3. .. J -Q4-- | 906. 910. 937. 935. 4.3 0.4 2.9 -0. 1 7.6 12.3 10.1 7.6 1978-Q1...| -Q2...| -Q3...I -Q4...I 1017. 1071. 1074. 1105. 8.7 5.3 0.3 2.9 12.3 17.7 14.7 18.1 1979-Q1...| -Q2...I -Q3..-I -Q4...I I 1980-Q1...| -Q2-- | -Q3...I -Q4...| 1079. 1165. 1192. 1222. -2.4 8.0 2.3 2.5 6.1 8.8 11.0 10.6 1 I 1 1231. 1270. 1318. 1353. 0.7 3.2 3.8 2.7 14.1 9.0 10.6 10.7 J 1981-Q1...| -Q2...| -Q3. 1 -Q4... | 1277. 1265. 1336. 1337. -5.6 -0.9 5.6 0. 1 3.7 -0.4 1.4 -1.2 1976-Q1...| LONER SAME HIGHER 11. 76. 13. 3. 0. 0. 0. 79. 80. 86. 83. 18. 20. 14. 17. 16. 13. 6. 12. 68. 61. 76. 70. 16. 21. 18. 18. J 0. 0. 6. 0 82. 82. 83. 94. 18. 18. 11. 6. 9. 6. 6. 13. 75. 70. 67. 75. 16. 24. 27. 13. 1 1 1 1 1 3. 0. 0. 0. 87. 76. 75. 74. 10. 24. 25. 26. 17. 23. 28. 20. 70. 68. 6. 3. 70. 13. 10. 9. 10. 0. 0 0. 0. 66 . , 49. 65. 81. 34. 52. 36. 19. 35. 22. 18. 32. 59. 53. 57. 61. 7. 25. 25. 7. 0 31. 9. 3. 79. 63. 86. 82. 21. 6. 6. 15. 33. 65. 56. 49. 63. 35. 35. 39. 4. 0. 9. 12. 3. 3. 3. 3. 85. 80. 88. 94. 12. 17. 9. 3. 46. 32. 37. 46. 39. 57. 53. 50. 15. 11. 10. 4. I I 1 1 1 1 1 1 1 J PERCENTAGE OF BANKS EXPECTING FARM REAL ESTATE LOAN VOLUME DURING THE CURRENT QUARTER, AS COMPARED WITH VOLUME MADE A YEAR EARLIER, TO BE— J 1 1 1 1 1 1 i 1 1 1 . . . 58 AGRICULTURAL FINANCE DATABOOK— QOARTERLY SERIES OCTOBER 1981 DESCRIPTION OF COVERAGE AND PROCEDURES OF SURVEYS IN SECTION 340 FIVE FEDERAL RESERVE BANKS CONDUCT QUARTERLY SURVEYS OF CREDIT CONDITIONS AT COMMERCIAL BANKS THAT ARE INVOLVED IN FARM LENDING. EACH OF THE SURVEYS IS MADE AS OF THE FIRST DAY OF JANUARY, APRIL, JULY, AND OCTOBER. THESE DATES CORRESPOND TO LINES Q1 THROUGH Q4, RESPECTIVELY, IN THE TABLES. EACH OF THE FEDERAL RESERVE BANKS ISSUES A QUARTERLY REPORT ON ITS SURVEY RESULTS, AVAILABLE FROM THE RESERVE BANK ON REQUEST. THE FEDERAL RESERVE BANK OF CHICAGO HAS CONDUCTED A QUARTERLY LAND VALUE AND CREDIT CONDITIONS SURVEY FOR OVER 25 YEARS. OVER THIS TIME THE SURVEY HAS UNDERGONE SEVERAL CHANGES, AND THUS HISTORICAL DATA FOR THE CURRENT SERIES ARE AVAILABLE FOR VARYING LENGTHS OF TIME. BEFORE 1973, THE SURVEY COVERED ONLY BANKS THAT HERE MEMBERS OF THE FEDERAL RESERVE SYSTEM. FROM 1969 TO 1972, FOR EXAMPLE, THE BANKS SURVEYED MERE MEMBER BANKS AT WHICH FARM LOANS COMPRISED 10 PER CENT OR MORE OF TOTAL LOANS AS OF 1968. THAT SAMPLE NUMBERED ABOUT 550 BANKS, WHICH WAS ABOUT 60 PER CENT OF ALL MEMBER BANKS IN THE SEVENTH FEDERAL RESERVE DISTRICT. IN JANUARY 1973, THE SURVEY HAS BROADENED TO COVER NONMEMBER BANKS AT WHICH FARM LOANS COMPRISED 25 PER CENT OR MORE OF TOTAL LOANS AS OF JUNE 1972 (EXCEPT IN MICHIGAN, WHERE THE CRITERION WAS SET AT 10 PER CENT). A TOTAL OF 476 NONMEUBER BANKS, REPRESENTING 28 PER CENT OF ALL NONMEMBER BANKS IN THE DISTRICT, RESPONDED TO A REQUEST TO PARTICIPATE IN THE SURVEY. AS OF 1973, THEREFORE, THE TOTAL SURVEY SAMPLE (BOTH MEMBER AND NONMEMBER BANKS) BOSE TO OVER 1,000 BANKS, OR ABOUT 40 PER CENT OF ALL BANKS IN THE DISTRICT- A TYPICAL RESPONSE RATE EACH QUARTER IS ABOUT 75 PER CENT. THE FEDERAL RESERVE BANK OF MINNEAPOLIS INITIATED A QUARTERLY AGRICULTURAL CREDIT CONDITIONS SURVEY IN 19647 THE SURVEY PANEL AND QUESTIONNAIRE HAVE REMAINED LARGELY COMPARABLE OVER TIME. THUS AMONG THE RESERVE BANK SURVEYS, THIS SURVEY PROVIDES EXCEPTIONALLY LONG AND BROAD COVERAGE OF AGRICULTURAL CREDIT CONDITIONS, AND IS ESPECIALLY VALUABLE IN THAT THE SERIES SPAN SEVERAL MONETARY AND FARM INCOME CYCLES. THE SURVEY PANEL IS CHOSEN FROM AMONG BANKERS ENGAGED IN FARM LENDING TO PROVIDE A GEOGRAPHICAL AND BANK-SIZE CROSS SECTION OF THE BANKS IN THE NINTH FEDERAL RESERVE DISTRICT. THE CORE OF THE PANEL CONSISTS OF MEMBERS OF THE UPPER MIDWEST AGRICULTURAL CREDIT COUNCIL, AN ORGANIZATION OF AGRICULTURAL REPRESENTATIVES AND LENDING OFFICERS OF NINTH DISTRICT BANKS. THE INITIAL SURVEY IN 1964 COVERED 75 BANKERS. OVER TIME, THE PANEL WAS ENLARGED; AS OF 1973, IT COVERED 175 BANKS. THE RESPONSE RATE HAS TYPICALLY BEEN 90 PER CENT OR BETTER. THE FEDERAL RESERVE BANK OF KANSAS CITY IMPLEMENTED A QUARTERLY AGRICULTURAL CREDIT CONDITIONS SURVEY ON JANUARY 1, 1976. AN INITIAL SAMPLE OF 196 BANKS WAS SELECTED PRIMARILY FROM AMONG THE 902 BANKS IN THE TENTH FEDERAL RESERVE DISTRICT AT WHICH FARM LOANS COMPRISED 50 PER CENT OR MORE OF TOTAL LOANS. THE SAMPLING PROCEDURE RESULTED IN REPRESENTATION OF ALL GEOGRAPHIC REGIONS AND FARMING AREAS IN THE DISTRICT. AS OF JULY 1977, THE SAMPLE CONSISTED OF 188 BANKS. VIRTUALLY ALL SURVEYED BANKS RESPOND EACH QUARTER. FOLLOW-UP CALLS TO RESPONDENTS ARE MADE TO HELP ASSURE A HIGH RESPONSE RATE. THE FEDERAL RESERVE BANK OF DALLAS INITIATED A QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS ON JULY 1, 1975. A SAMPLE OF 331 MEMBER AND NONMEMBER BANKS WAS DRAWN TO PROVIDE REPRESENTATION OF BANKS OF ALL SIZES THROUGHOUT THE ELEVENTH FEDERAL RESERVE DISTRICT. A RESPONSE RATE OF ABOUT 70 PER CENT HAS BEEN EXPERIENCED. AS OF JANUARY 1976, THE SURVEY COVERED 23 PER CENT OF ALL BANKS IN THE DISTRICT. THE EFFECTIVE SAMPLING RATE HAS RELATED PRIMARILY TO THE RELATIVE IMPORTANCE OF FARM LENDING. OF THE 522 BANKS AT WHICH FARM LOANS COMPRISED ONE-FOURTH OR MORE OF TOTAL LOANS (BASED ON JUNE 1974 DATA), 54 PER CENT WERE INCLUDED IN THE SURVEY. THIS GROUP THUS ACCOUNTED FOR 85 PER CENT OF THE BANKS IN THE SURVEY- THE FEDERAL RESERVE BANK OF RICHMOND BEGAN A QUARTERLY SURVEY OF AGRICULTURAL CREDIT CONDITIONS ON OCTOBER*” T, 1975. IN SELECTING THE SAMPLE, THE 773 BANKS IN THE FIFTH FEDERAL RESERVE DISTRICT WERE STRATIFIED ON THE BASIS OF OUTSTANDING DOLLAR VOLUME OF FARM LOANS, AND THOSE BANKS WITH A HIGH VOLUME OF FARM LOANS WERE SAMPLED MUCH MORE HEAVILY. A TOTAL OF 64 BANKS WERE SELECTED IN THIS MANNER, OF WHICH 43 AGREED TO PARTICIPATE IN THE SURVEY. OF THE 18 BANKS WHERE OUTSTANDING FARM LOANS EXCEEDED $10 MILLION (BASED ON JUNE 1974 DATA), 16 WERE INCLUDED IN THE FINAL SAMPLE OF 43 BANKS. AGRICULTURAL FINANCE DATABOOK — QUARTERLY SERIES 900 FARM INCOME AND EXPENSES 911.1Q 911.2Q 911.3Q SOURCES: OCTOBER 1981 AMOUNT............................................ ............. 59 PERCENTAGE CHANGE FROM PREVIOUS QUARTER.... ................... 60 PERCENTAGE CHANGE FROM SAME QUARTER OF PREVIOUS YEAR........... 61 AGRICULTURAL OUTLOOK. ECONOMIC RESEARCH SERVICE, O.S. DEPARTMENT OF AGRICULTURE. ECONOMIC INDICATORS. COUNCIL OF ECONOMIC ADVISERS, FOR THE JOINT ECONOMIC COMMITTEE, U.S. CONGRESS. 59 TABLE 911-1Q INCOME RECEIVED FBOM FARMING (SEASOHALLY-ADJUSTF? ANNUAL BATE) AMOUNTS IN BILLIONS OF DOLLARS QUARTER 1961-Q1___ -Q2---Q3---Q4--- | I I I | _1 i .| .| .| .| GBOSS INCOME | I NET INCOME TO FARM OPERATORS _ I CASH |PRODUCTION! EXCLUDING! INCLUDING NET CHANGE l RECEIPTS | EXPENSES |NET CHANGE! ] IN INVENTORIES PROM FARM| TOTAL I IN INVEN-1 MARKETINGS) IN 1967 I TORIES |IN CURRENT J DOLLARS __ DOLLARS i _ I. 40.4 40.3 40.5 41.0 35.6 34.8 34.9 35.3 28.3 28.5 28.7 28.8 11.8 11.5 11.4 11.8 12.1 11.8 11.8 12.2 13.5 13.2 13.1 13.6 1962-Q1.... .| -Q2--- .1 -Q3--- .| -Q4--- .J 42.3 42.4 42.2 42.5 36.6 36.6 36.2 36.5 30.0 30.3 .10,3 30.6 11.8 11.5 11.2 11.2 12,3 12.1 11.9 11.9 13.7 13.4 13.1 13.1 1963-Q1---Q2---Q3---Q4--- .| .J .| .| 43.5 43.5 43.3 43.1 37.7 37.5 37.4 37.3 31.6 31.6 31.6 3 T. 7 11.2 11.2 11.1 10.9 11.9 11,9 11.7 11.4 13.0 13.0 12.7 12.3 1964-Q1___ -Q2---Q3---Q4--- . | .1 .| .| 42.4 42.3 42.0 42.5 37.2 37.3 37.2 37.6 32.0 32.0 31.7 31.7 11.0 11.1 11.3 11.7 10.4 10.3 10.3 10.8 11.2 11.1 11.1 11.6 1965-Q1---Q2--- .| - Q3.....| -Q4--- .| 44.7 46.9 47.1 47.4 38.1 39.8 39.6 40.0 33.0 33.7 33.7 34.2 11.1 12.2 12.1 12. 1 11.7 13.2 13.4 13.2 12.5 14.0 14.1 13.9 1966-Q1___ -Q2---Q3---Q4--- .| .| .J .| 51.3 50.4 50.3 49.8 43.7 43.4 43. 4 43.2 35.7 36.3 36.7 37.3 15.2 14.2 13.8 13.0 15.6 14. 1 13.6 12.5 16.3 14.6 13.9 12.7 1967-Q1---Q2---Q3---Q4--- .J .| .| .) 49.8 50.5 50.9 50.9 42.7 42.9 42.9 42.8 37.9 38.3 38.3 38.3 11.8 11.6 11.7 11.6 11.9 12.2 12.6 12.6 12.1 12.3 12.5 12.4 1968-Q1..... | -Q2--- .| -Q3--- .j -Q4--- .| 50.8 51.1 52.1 53.4 43.2 43.5 44.4 45.6 38.8 39,. 4 39.6 40.3 11.8 11.6 12.4 13.0 12.0 11.7 12.5 13.1 11.7 11.3 11.9 12.4 1969-Q1---Q2---Q3---Q4--- .| .| .J .| 55.3 56.3 56.4 57.6 47.2 48.1 48.1 49.3 41.2 42.3 42.3 42.7 14.0 13.9 14.0 14.8 14. 1 14.0 14. 1 14.9 13.1 12.8 12.7 13.3 1970-Q1___ -Q2---Q3---Q4--- .I .1 .| .J 59.0 58.8 58.0 58.5 50.9 50.7 50.0 50.5 43.9 44.3 44.5 45.0 15. 1 14.5 13.5 13.5 15. 1 14. 5 13.5 13.5 13.3 12.5 11.5 11.4 1971-Q1___ .| -Q2--- .| -Q3--- .| -04... ..) 61.9 61.6 60.6 64.0 52.4 52.5 51.5 55.0 46.2 47.4 47.7 48.3 14.0 12.9 11.6 14.4 15.7 14.2 12.9 15.7 13.1 11.8 10.6 12.8 1972-Q1.... •| -Q2--- .| -Q3--- .1 -Q4--- .| 67.6 70.3 70.6 75.4 57. 5 60.6 60.9 65.8 50.1 51.5 52.8 54.8 16.4 18.0 17.0 19.9 17.5 18.8 17.8 20.6 14.2 15.1 14. 1 16.2 1973-Ql___ .| -Q2--- -| -Q3,....-J -Q4--- .| 87.1 96.3 104.3 107.9 78.3 84.3 91.7 94.0 60.0 64.2 69.0 69.2 26.8 28.5 31.1 33.2 27.1 32- 1 35.3 38.7 21.1 24.4 26.3 28. 1 1974-Q1.... .J -Q2--- ,| -Q3--- -| -Q4--- .J 1 1975-Q1___ .j -Q2--- .) -Q3--- .| -Q4--- .| 106.1 96.7 95.6 95.0 101.2 89.6 88.3 90.7 74.0 70.6 72.0 72.4 35.0 26. 1 23.6 26. 1 32. 1 26. 1 23.6 22.6 22.7 17.9 15.7 14. 7 91.8 99.6 106.8 103.1 79.4 88.3 95.1 89.9 72.0 75.7 78.8 77.0 15. 8 21.2 25.1 22. 1 19.8 23.9 28.0 26. 1 12.6 15.0 17.2 15.8 1976-Q1--- .| -Q2... .( -Q3--- - i -Q4--- .1 99.6 104.0 102.8 100.9 91.9 98.2 95.4 93.6 78.0 84.0 86.0 84.4 23. 1 23.5 18.8 18.9 21.6 20.0 16.8 16.5 12.9 11.8 9.8 9.5 .| .| .1 .| 1 .| .( .| .I J .| .| .| .J 106.8 106.2 106.5 115.5 96.2 94.9 94.5 99.6 88.0 90.5 89.6 9 3. 1 18.0 14.7 15.8 21.2 18.8 15.7 1, 9 6. 22.4 10.6 8.7 9.2 12.1 120.4 124.1 126.9 138.9 105.9 110.1 113. 1 122.7 97.7 9, 1 9. 100.4 107.2 22.0 24.5 2b.0 31.0 22.7 25.0 26.5 31. 7 12.0 12.9 13.4 15.7 148.2 152.8 152.5 154.1 129.8 132.8 131.4 133.6 114.8 116.9 120.2 124.9 29.0 30.8 25.7 24. 1 33.4 35.9 32.3 29.2 16.1 16.8 14.6 12.8 1980-Q1____ -Q2----Q3----Q4----.| 149.3 146.0 151.9 15 , 1 5. 133.0 131.9 139.2 141.5 126.0 129.0 132.2 135. 6 22.5 18.8 23.4 22.8 23.4 16.9 19.7 19. 5 9.9 6.9 7.9 7.6 1 1981-Q1----. | -Q2----, . | -Q3---- 157.7 165.2 167.3 142.5 145.7 143*7 139.4 142.2 142.9 20.2 21.0 18.5 18.3 23.0 24. 4 7.0 8.5 8.8 1977-Q1___ -Q2---Q3---Q4--1978-QU... -Q2---Q3---Q4--1979-Q1___ -Q2---Q3---Q4--- 60 TABLE 911.2 Q INCOME BECPIVSD FROM FARMING (SEASONAL*. Y-ADJUSTED ANNUAL BATE) PERCENTAGE CHANGE FROM PREVIOUS QUARTER 1 __ GROSS INCOME 1 QUARTER ! 1 TOTAL . | ! NET INCOME TO FASH OPERATORS 1 ! CASH {PRODUCTION 1 EXCLUDING| INCLUDING NET CHANGE RECEIPTS | EXPENSES {NET CHANGE| IN INVENTORIES FROM FARM! | IN INVEN-{____________________ MARKETINGS! | TORIES |IN CURRENT IN 1967 __________________ l___ _______L,_________ _____________ BQkitikJHi. 1961-Q1.... -Q2.... -Q3.... -Q4.--- 2.3 -0.2 0.5 1.2 2.0 -2.2 0.3 1.1 3.3 0.7 0 7 . 0.3 0.9 -2.5 -0.9 3.5 0.0 -2.5 0.0 3.4 -0.0 -2.5 -0.5 3.3 1962-Q1.... -Q2.... -Q3.... -Q4.... 3.2 0.2 -0.5 0.7 3.7 0.0 -1.1 0.8 4.2 1.0 0.0 1.0 0.0 -2.5 -2.6 0.0 0, 8 -1.6 -1.7 0.0 0.6 -2,1 -2.0 -0.2 1963-Q1.... -Q2.... -Q3.... -Q4.... 2.4 0.0 -0.5 -0.5 3.3 -0.5 -0.3 -0.3 3.3 0-0 0.0 0.3 0.0 0.0 -0.9 -1.8 0.0 0.0 -1-7 -2.6 -0.1 -0.3 -2.4 -2.8 1964-Q1____ -Q2.... -Q3.... -Q4.... -1.6 -0.2 -0.7 1.2 -0.3 0.3 -0.3 1.1 0.9 0.0 -0.9 0.0 0.9 0.9 1.8 3.5 -6-8 -1.0 0.0 4.9 -9.0 -1.2 -0.4 4.4 1965-Q1____ -02.... -03.... -O'*.... 5.2 4.9 0.4 0.6 1.3 4.5 -0.5 1.0 4.1 2.1 0.0 1.5 -5.1 9-9 -0.8 0,0 8.3 12.8 1.5 -1.5 8. 1 12.0 1.1 -1.9 1966-Q1.... -02.... ~Q3.... -Q4.... 8.2 -1.8 -0.2 -1.0 9.2 -0.7 0.0 -0.5 4.4 1.7 1.1 1.6 25.6 -6.6 -2.8 -5.8 18.2 -9.6 -3.5 -8. 1 17.2 -10.5 -4.5 -8.8 1967-Q1.... .-02.... -03.... -Q*.... 0-0 1.4 0.8 0.0 -1.2 0.5 0.0 -0-2 1.6 1.1 0.0 0.0 -9.2 -1.7 O.S -0.9 -4.8 2.5 3.3 0.0 -5.0 1.8 2.2 -0.8 1968-Q1.... -02.... -03.... -Q4.... -0.2 0.6 2.0 2.5 O.S 0.7 2.1 2.7 1.3 1.5 0.5 1.8 1.7 -1.7 6-9 4.8 -4.8 -2.5 6.3 4.8 -5.8 1969-Q1____ -Q2.... -Q3.... -09.... 3.6 1.8 0.2 2.1 3.5 1.9 0.0 >~5 2.2 2.7 0.0 0.9 7.7 -0.7 0.7 5*7 7.6 -0.7 0.7 5.7 6.4 -2.4 -0.7 4.2 1970-Q1.... -Q2.... -Q3.... -09.... 2.4 -0.3 -1.4 0.9 3.2 -0.4 -1.4 1.0 2.8 0.9 0.5 1.1 2.0 -4.0 -6.9 0.0 1.3 -4.0 -0.1 -5.5 -7.9 -1.3 1971-Q1.... -Q2.... -03.... ~Q4.... 5.8 -0.5 -1.6 5.6 3.8 0.2 -1.9 6.8 2.7 2.6 0.6 1.3 . 3.7 -7.9 -13.1 24. 1 16.3 -9.2 21.7 15.4 -10.6 -10-0 21.0 1972-Q1.... -Q2.... -03.... -09.... 5.6 4.0 0.4 6.8 4.5 5.4 0.5 8.0 3.7 2.8 2.5 3.8 13.9 9.6 -5.6 17.1 11.5 7.4 -5.3 15.7 10.6 6.6 -6.2 14.7 1973-Q1.... -02.... -03.... -Q4.... 15.5 10.6 8.3 3.5 19.0 7.7 8.8 2.5 9.5 7.0 7.5 0.3 34.7 6.3 9.1 6.8 31.6 18.5 10.0 9.6 29.7 15.9 7.6 7. 1 1974-Q1.... -02.... -Q3.... ”Q9.... -1.7 -8.9 -1.1 -0.6 7.7 -11.5 -1.5 2.7 6.9 -4.6 2.0 0.6 5.4 -25.4 -9.6 10.6 -17.1 -18.7 -9-6 -4.2 -19.3 -20.9 -12.3 -6-9 1975-Q1.... -02.... -Q3.... -Q9.... -3.4 8.5 7.2 -3.5 -12.5 11.2 7.7 -5.5 -0.6 5. 1 4.1 -2.3 -39.5 34.2 18.4 -12.0 -12.4 20.7 17.2 -6.8 -14.0 18.8 14.7 -8.3 1976-Q1.... -02.... -Q3.... -Q9.... -3.4 4.4 -1-2 -1.8 2. 2 6.9 -2.9 -1.9 1.3 7,7 2.4 -1.9 4.5 1.7 -20,0 0.5 -17.2 -7.4 -16.0 -1.8 -16.0 -8.5 -17.3 -2.9 1977-Q1..... -02.... -03.... -Q9.... 5.8 -0.6 0.3 8,5 2.8 -1.4 -0.4 5. 4 4.3 2.8 -1.0 3.9 -4.8 -18.3 34.2 13.9 -16.5 7.6 32.5 12.0 -18.2 6.1 31. 1 1978-Q1___ . -Q2.---03.... -09.... 4.2 3.1 2.3 9.5 6.3 4.0 2.7 8.5 4-9 1.4 1.3 6.8 3.8 11.4 6.1 19.2 1.3 10.1 6.0 13.6 -0.3 7.3 3.6 17. i 1979-01.... ~02.... -Q9 *--- 6.7 3, 1 -0.2 1.0 5.8 2.3 -1.1 1.7 7. 1 1.8 2.8 3.9 -6.5 6.2 -16.6 -6.2 5.4 7.5 -10.0 -9.6 2.8 3.9 -12.9 -12.2 1980-Q1_____ -Q2.... -03.... -Q9.... -3.1 -2.2 4.0 2.1 -0.4 -0.8 5.5 1.7 0.9 2.4 2.5 2.6 -6,6 -16.4 24.5 -2.6 -IS.9 -27.8 16.6 -1.0 -22.9 -30.3 14.4 -3.5 1981-gi.... -Q2--- . -03.... 1.7 4.8 1.3 0.7 2.2 -1.4 2.8 2.0 0.5 -11.4 4.0 -11.9 -6.2 25.7 6.1 -8.6 22.8 3. 1 - Q 3 ............. 7.5 -6.9 0.0 -9.6 - 3 . 6 5.5 3.5