C.1. Non-real-estate Farm Lending Compared with a Year Earlier Percent ___________________________________________________________________________________________________________________________________________ Demand for loans Funds availability Loan repayment rate Renewals or extensions Collateral required ______________________________________________________________________________________________________________________________ Quarter Lower Same Higher Lower Same Higher Lower Same Higher Lower Same Higher Lower Same Higher ___________________________________________________________________________________________________________________________________________ Seventh (Chicago) Federal Reserve District (IL*, IN*, IA, MI*, WI*) ___________________________________________________________________________________________________________________________________________ 2002: Q1... | 19 55 27 10 62 28 38 57 4 6 55 39 0 69 31 Q2... | 21 52 26 7 66 27 32 65 3 4 65 31 0 78 22 Q3... | 25 51 24 8 61 31 30 64 6 6 64 30 1 78 21 Q4... | 23 52 25 6 58 36 29 55 16 14 60 25 0 81 18 2003: Q1... | 22 46 31 6 57 36 31 60 9 7 61 31 1 73 26 Q2... | 24 53 23 4 54 42 22 71 6 6 70 24 1 80 19 Q3... | 22 61 17 6 59 35 21 72 7 8 72 20 0 86 14 Q4... | 22 59 19 4 65 31 15 65 19 14 70 15 0 89 10 2004: Q1... | 16 53 31 5 59 36 10 52 38 28 65 7 1 90 9 ___________________________________________________________________________________________________________________________________________ Tenth (Kansas City) Federal Reserve District (CO, KS, MO*, NE, NM*, OK, WY) ___________________________________________________________________________________________________________________________________________ 2002: Q1... | 19 63 18 8 69 24 30 67 4 4 71 25 0 80 20 Q2... | 15 60 25 11 73 16 34 64 2 3 63 34 0 75 24 Q3... | 18 58 24 10 72 18 40 57 4 2 59 39 0 75 25 Q4... | 20 56 24 8 69 23 38 54 8 1 58 41 0 75 25 2003: Q1... | 21 52 26 5 71 24 49 48 4 1 50 48 0 71 29 Q2... | 19 58 23 5 66 29 27 64 10 6 67 27 0 78 22 Q3... | 22 63 15 4 73 22 20 67 14 6 73 21 0 84 16 Q4... | 18 63 19 5 71 24 11 66 23 10 76 14 0 86 14 2004: Q1... | 20 60 20 3 73 24 10 67 23 13 71 16 0 86 14 ___________________________________________________________________________________________________________________________________________ Eleventh (Dallas) Federal Reserve District (LA*, NM*, TX) ___________________________________________________________________________________________________________________________________________ 2002: Q1... | 25 60 16 9 72 20 24 70 6 8 68 25 0 74 26 Q2... | 35 54 11 6 72 22 25 70 5 8 69 23 0 76 24 Q3... | 24 61 15 10 71 19 22 72 7 8 73 18 0 79 21 Q4... | 22 61 16 6 74 20 21 69 10 7 73 20 0 79 21 2003: Q1... | 25 63 12 6 68 26 19 73 8 8 73 19 0 80 19 Q2... | 19 66 15 3 69 28 15 75 10 8 77 15 0 81 19 Q3... | 21 65 14 6 70 24 12 78 10 8 78 14 1 83 16 Q4... | 19 68 13 1 73 26 5 80 15 13 77 10 0 84 16 2004: Q1... | 20 62 18 4 74 22 4 76 20 17 76 7 0 92 8 ___________________________________________________________________________________________________________________________________________ 31 C.1. Non-real-estate Farm Lending Compared with a Year Earlier (continued) Percent ___________________________________________________________________________________________________________________________________________ Demand for loans Funds availability Loan repayment rate Renewals or extensions Collateral required ______________________________________________________________________________________________________________________________ Quarter Lower Same Higher Lower Same Higher Lower Same Higher Lower Same Higher Lower Same Higher ___________________________________________________________________________________________________________________________________________ Ninth (Minneapolis) Federal Reserve District (MI*, MN, MT, ND, SD, WI*) ___________________________________________________________________________________________________________________________________________ 2002: Q1... | 42 45 13 27 73 0 6 55 39 35 59 6 25 75 0 Q2... | 15 54 31 10 72 19 33 64 4 2 60 38 0 78 22 Q3... | 18 56 25 8 77 15 33 62 6 3 66 31 0 86 14 Q4... | 22 55 23 6 64 31 28 56 16 13 57 30 0 80 20 2003: Q1... | 21 57 21 5 69 26 34 52 14 10 60 30 1 80 20 Q2... | 18 51 31 3 76 21 20 73 7 7 69 24 1 81 19 Q3... | 17 65 18 3 74 23 15 70 16 10 70 19 0 87 13 Q4... | 18 62 20 2 73 25 9 62 30 14 74 12 0 92 8 2004: Q1... | 21 61 18 4 75 21 5 62 33 24 66 10 0 95 5 ___________________________________________________________________________________________________________________________________________ Fifth (Richmond) Federal Reserve District (MD, NC, SC, VA, WV*) ___________________________________________________________________________________________________________________________________________ 2002: Q1... | 23 73 3 7 63 30 7 93 0 0 97 3 0 77 23 Q2... | 30 60 10 10 67 23 10 90 0 3 93 3 3 69 28 Q3... | 41 52 7 19 59 22 30 70 0 11 70 19 11 59 30 Q4... | 24 62 14 5 67 29 38 62 0 0 67 33 0 62 38 2003: Q1... | 36 55 9 5 68 27 27 73 0 5 77 18 0 59 41 Q2... | 27 73 0 5 62 33 23 77 0 9 68 23 9 55 36 Q3... | 14 86 0 0 73 27 23 77 0 5 68 27 0 68 32 Q4... | 26 70 4 9 61 30 30 70 0 9 78 13 0 70 30 2004: Q1... | 31 62 8 8 73 19 15 85 0 12 85 4 4 76 20 ___________________________________________________________________________________________________________________________________________ Twelfth (San Francisco) Federal Reserve District (AL, AZ, CA, HI, ID, NV, OR, UT, WA) ___________________________________________________________________________________________________________________________________________ 2002: Q1... | n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Q2... | n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Q3... | n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Q4... | n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 2003: Q1... | 17 42 42 13 58 29 30 61 9 0 71 29 0 50 50 Q2... | 15 58 27 4 73 23 16 80 4 4 77 19 0 77 23 Q3... | 25 63 13 8 71 21 25 58 17 0 75 25 0 79 21 Q4... | 22 43 35 0 74 26 22 65 13 4 78 17 0 83 17 2004: Q1... | 9 55 36 0 77 23 9 86 5 14 64 23 0 86 14 ___________________________________________________________________________________________________________________________________________ * State falls only partly within the indicated Reserve District. n.a. Not available. Source. Federal Reserve Bank quarterly surveys of agricultural credit conditions at commercial banks. 32