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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
1 9 7 6 - Q 1 . ... j * * * * * * * * * * * * * * * * * * * * * * * * * * * |
-Q2. ..i * * * * * * * * * * * * * * * * * * * * * * * * * * * |
-Q3. ,.i * * * * * * * * * * * * * * * * * * * * * * * * * * * |
-Q4. . . j * * * * * * * * * * * * * * * * * * * * * * * * * * * j
1977-Q1.
-Q2.
-Q3.
-Q4.

i
..i
. .j
..j
..i

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

1978-Q1.
-Q2.
-Q3.
-QiU

i
.„i
. ,i
,.i
..2

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

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

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

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

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

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




DEBT

INDIVIDUALS AND OTHERS
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
|
|
|

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

|
|
|
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.

1I
||
|1
|j
j|
!
I
j|
|
j
|
I
l
I
|
|
1
|
|
I
I
|
|
|
I
I
|
j
L

j *** * * * *
|
8096.
| * * *****
|
9386.
1
*************************** |
10380.
*************************** |
12272.
* * * * * * * * * * * * * * * * * * * * * * * * * * * j
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

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

1977-Q2.
-Q3.
-Q4.

Q1. *************************

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

1978-Q2.
-Q3.
-Q4.

Q1. *************************

1979-

Q1. *************************

-Q2.
-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. *************************

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




COMMODITY
FARMERS
C R EDIT
HOME
AD M I N I S ­
corpor­
TRAT I O N
a t i o n ___

BILLI O N S OF DOLL A R S
*******
3348.
*******
3565.

3624.
3785.
4089.
3984.

391.
435.
555.
674.

866.
543.
491.
509.

*******
-15.
*******
654.

4100.
4472.
4491.
3516.

4101.
4551.
4651.
4200.

826.
1136.
1294..
1419-

548.
860.
996.
1226.

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-

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 _______

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

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.

2 96.
298.

13620.

5741.

12993.
13160.

5773.
6054.

925.
847.

156 8 .
1575.
1643.

344.
411.
5 35.

- Q 4 ... I

13820.

6148.

811.
7 37.

2903.
2940..
306 5 .

i
|
|

14931.
17424.
17084.

7146.
8184.
8784.

6 0 2 .
439.
27 7 .
87.

|

17755.

9230.

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

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.

9
3
5
7

1
5
5
4

.
.
.
.

PREVIO US

2
2
2
2

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

3
4
5
6

FROM

.
.
.
.

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 .

347 3 .
3 3 8 8 .
2 4 9 8 .

1466.
1743.

4.

694..
3 7 7 .
2 5 1 .
164.

4 1 .
18.

24
5 3
7 0
92

3202.

1659.

550.

1447.

3617.
4130.

1724.

1203.
1844.

778 5 .
9 2 4 0 .

2676.
277 6 .

- 1 5 .
* * * * * * *
6 54.

25 .
0 .
8-

221 8 .
3477.

1815.
2 6 5 9 .
3068.
2 854..

3 504.
2570.
1278.
754.

2 1 .
12.
- 0 .

1748.
1258.

* * * * * * *

806.
1253.

1770.
1747.
1687.

1954.
2376.

101.
138.

213 0 .
2 9 6 3 .

924.
9 87.

4492.
5057.

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.

6 5 99.
7250.

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

7 .1
1 0 .3

4713.

CHANGE

5 .2
4 .9

FROM

PR EVIO U S

-3 8 6 .

YEAR

* * * * * *

* * * * * *

1 1 .0

- 0 .9

1 4 .9
* * * * * *

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

8 .8
9 .2

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

1 7 .5
1 5 .6

—Q 4 . • . 1

5
7
8
8

1 2 .4

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.3
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1
1
1
1

4
5
5
5

1979-Q 1- . . |
-Q 2. .. J
|

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

1 6 .5
18. 1
1 8 .7

7 .8

7 .6
5 .4
3 .3

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

- 2 .2
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1
1
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2

6
7
8
0

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

2
2
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2
3
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1

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1 3 .8
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4 3 .9
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6
8
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5

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8
4
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1

1 2 .9
1 0 .1
7 .9

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

PERCENTAGE

OF

TOTAL

1
1
1
1

.2
.5
.2
.3

2 1 .1

.5
.3
-5
.7

SPEC IFIED

3
4
4
0

2 3
2 1
14
8

.
.
.
.

- 1 0 .4
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22. 1

1
0
4
0

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8 5 .3
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1 0 6 .0

4
5
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3

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1 7 9 .0
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-

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3 3 .5
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2
0
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8

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8 .8
9 .6
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6 6 .2
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1 9 8 .7
6 8 4 .9
1 0 3 0 .6
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1
8
1
3

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.9
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DEBT

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1 0 0 .0

1 9 .3

4 9 .6

2 0 .8

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I

1 0 0 .0

6 0 .1

3 2 .1

1 .0

5 .7

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*
*
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1
1
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1

0
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0
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8
8
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.
.
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.

2 0 .5
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|
J
1
|

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1
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1

5
6
6
5

3
3
3
3

1 .0
1 .0
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|
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6
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8
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1

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1
1
1
1

8
8
8
8

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5
5
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1 9 7 8 -Q 1 ..., |
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1 0 0 .0

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* * * * * *

1 0 0 .0
1 0 0 .0

1
1
1
1

8
8
7
7

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5
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17.

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1584.
1455.

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, , _ T R ^ T j ; g a _______ A T I O N

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7
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325.

ba n k s

COMM ODITY
C RED IT
CORPOP-

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2333.
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1507.
1264.

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

* * * * * * *

6422.
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7969.
7690.

1 Q M ____________

FARMERS
HOME
A D M IN IS-

DOLLARS

4 7 7 7 .
* * * * * * *

5752.
6420.

* * * * * *

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

.
.
.
.

OF

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-2 0 7 .
- 8 .

1 2 .8
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1 4 .3

j

2
6
0
5

:M I L L I O N S

- 3 7 .
5 6 .
9 1 .
141.

1 1 2 .5 Q

1 9 7 6 -Q 1 .. .

17
16
24
3 4

YEAR,

DEBT

FEDERAL
IN TERM ED I­
ATE C R E D IT

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




0
0
0
0

0
0
0
0

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1 0 0 .0

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28-1
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2 8 .1
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0
0
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5 0 .1
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2
2
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7
7
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2
2
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9
9
9
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5
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5

|
|
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1
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|
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|

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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
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3 0 .5
2 8 .6

.0
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1
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1

1 2 .0
1 1 .6

3 1 .5
3 1 .3

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0
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1 0 0 .0

5 9 .3
5 8 .4

0
0
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5 2 .5

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

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.6
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1 0 0 .0

1 2 .1
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5 4 .6

2
2
2
1

1
1
1
1

2 1 .3
2 1 .2

5 5 .8

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|

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5 1 .8

1 2 .4

9
0
0
9

I
|
|
|

1 0 .5
1 1 .4

1 0 0 .0

.0
.0
.0
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.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
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1 .1

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

0
3
4
4

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.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.
79..

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.
24..
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.

1971-Q1.... .J
-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

33..
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---- .|
-Q3.... .J
-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.

1978-Q1.... .1
-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.

1979-Q1____.J
-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.

1980-Q1.... .1
-Q2____.1
-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
|I
OF
|
| LOANS OUT- COLLEC­
DOLLARS |
l STANDING*
TIONS
“ QUARTER
YBAB"Z I

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
il-7

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
| LOANS OUT- COLLEC­
I
|
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
16,.3

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
ANDQUARTER
RENEWALS 1 YEAR
1 STANDING*
BADE
_
1

PERCENTAGE CHANGE
FROH PREVIOUS
QUARTER

_ YEAR

|
AS PEHi CENTAGE OF
| LOANS OUT_1 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

2318..
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.
3.2.

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

23..
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 |
AND1 RENEHALS;iJ QUARTER 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----.|
-Q4---- .j

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---- .]
-Q4.... .J

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.

1977-Q1____ .1
-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.... ,|
-Q4.... .J

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.

1981-Q1.... .) 10128.
-Q2.... ,1 11158.
-Q3.--- .! 11264.
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
I1
LOANS
COLLECTIONS! DOLLARS || MILLIONS
LOANS OUT­
STANDING*
MADE
AND RENEHALS!
j|
OF
PERCENT
_______ L_ _______ I1 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|
| LOANS OUII
| 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
QUARTER

DOLLARS

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

16..5
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
18,. 1
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 'c h a n g e

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 ******
*****
*****
-Q4--- ,j ******
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

QUARTER

YEAR

DOLLARS

PERCENTAGE
CHANGE
FROM
PREVIOUS
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
66.. 8
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.

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

******

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

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

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

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

|
|
|
|

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.

1969-Q1--- .|
-Q2--- .2
-Q3--- .i
-Q4--- 2
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
_
__lI
| LOANS OOTREPAY­
DOLLARS j| MILLIONS
I
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
- Q4.. ... I
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
41.. 4

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--- .|
-Q3--- .J
-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--- |
-Q4--- .1
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

1970-Q1....,1
-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

1975-Q1____.1
-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. .....|
-Q4.....1

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.

1975-Q1.... ,J
-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
CHANGE FROM PREVIOUS
END OF
QUARTER
____ L _ _ m m s ,
- YEAR

NEN FARM MORTGAGE COMMITMENTS

PERCENTAGE CHANGE
FROM PREVIOUS

|
1

QUARTER

YEAR

MADE IN
| QUARTER
.....

MILLIONS OF DOLLARS

|| PERCENTAGE CHANGE
1|
FROM PREVIOUS
| CHANGE FROM PREVIOUS|I
|
1
1| QUARTER
YEAR
YEAR
II
1L 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---- .|
-Q3.... >1
-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.... .|
-Q3.... >J
-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

1

OTHER
CURRENT
OPERATING
EXPENSES

1
|
I
1

OTHER
LIVESTOCK

FARM
MACHINERY
AND
EQUIPMENT
331.IQ

OTHER

(PERCENT)*

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
10.4
-Q3.... ,J
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
18.5
-Q2.... ,J
i
-Q3____ .|
12.8
i
-Q4.... .|
16.3
i
i
19.9
1981-Q1.... ,J
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____ .|
-Q2.... ,J
-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

OTHER

I SIZE OF BANK

1 TO
9

10 TO
24

25 TO
99

100
AND
OVER

|
| LARGE**
|
1l

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.j6
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
43,.9
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

14,.3
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.
52..
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
TOTAL
D ATE OF
SURVEY

LONER S AME HIGHER

FEEDER CAT T L E

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
- Q 3 -- |

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_____ (LOHER S AME HIGHER
QF_ FUNDS
I _OF FUN D S
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
11

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.
40).
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-

51..
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.
29..
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.
49..
54..

42.
42.
35.
30.

32.
39.
45.
49.

56.
52.
50.
46.

57.
53.
54.
47.

33.
39.
44.
49-

62.
64.
62.
54..

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.
3*4.
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

HIGHER

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.

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

LONER

SAME

HIGHER

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

SAME

HIGHER

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.
5.7.
56.
59.

4.

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

LONER

SAME

HIGHER

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.

7.

7.
3.
4.

5.

COLLATERAL BEQOIBED
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
TOTAL
w
a*
O

1
|
|
i
1
1975-Q3. .. |
-Q4... i

DATE OP
SURVEY
_
_

SAME HIGHER

FEEDER CATTLE

DAIRY

CROP .STORAGE

OPERATING

LONER SAME i
HIGHER

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

59.
58.
60.
5*9.

1981-Q1...|
-Q2...(

57.
56.
57.
58.

-Q4...J

LONER
THAN
DESIRED

ABOUT
BIG H T

|
I
1
1
1
I
(
1
|
1
|
|
1
|
I
|
t

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
|
|
|

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.

|
1
1
|
(
I
I
|
(
|
|
I
(
|
1
(
(
|
|
(
(
(
|
(
|
|
1
|
(
(
|

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.

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.
63..
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
|lPRODUCTION! EXCLUDING! INCLUDING NET CHANGE
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
16,. 9
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
99,. 1
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
155,. 1

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

1981-Q1----.1
-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