B.1. Farm Debt Outstanding at Commercial Banks _______________________________________________________________________________________________________ Loan volume Percent change from Percent change from (billions of dollars) previous quarter previous year __________________________________________________________________________________________ Real Non-real- Real Non-real- Real Non-real- Total estate estate Total estate estate Total estate estate Quarter loans loans loans loans loans loans loans loans loans _______________________________________________________________________________________________________ 1996: Q2... | 65.7 24.7 41.0 6.5 2.7 8.9 3.4 4.7 2.7 Q3... | 66.6 24.9 41.6 1.3 1.1 1.5 1.9 4.7 .3 Q4... | 65.5 25.0 40.5 -1.6 .3 -2.8 2.8 4.6 1.8 1997: Q1... | 63.8 25.4 38.4 -2.6 1.4 -5.1 3.4 5.5 2.0 Q2... | 69.0 26.2 42.8 8.2 3.3 11.5 5.1 6.2 4.4 Q3... | 71.1 27.0 44.2 3.0 2.9 3.1 6.8 8.1 6.0 Q4... | 71.3 27.1 44.2 .3 .7 .0 8.9 8.5 9.1 1998: Q1... | 70.1 27.6 42.4 -1.7 1.8 -3.9 9.8 9.0 10.4 Q2... | 75.0 28.5 46.5 7.1 3.2 9.6 8.6 8.8 8.5 Q3... | 76.3 28.9 47.4 1.7 1.3 1.9 7.2 7.2 7.3 Q4... | 74.7 29.3 45.5 -2.0 1.3 -4.0 4.8 7.8 3.0 1999: Q1... | 72.7 29.7 42.9 -2.8 1.7 -5.6 3.7 7.6 1.1 Q2... | 75.8 30.8 45.1 4.4 3.5 5.0 1.1 8.0 -3.1 Q3... | 76.8 31.4 45.5 1.3 1.9 .9 .7 8.6 -4.1 Q4... | 76.0 31.8 44.2 -1.0 1.5 -2.8 1.7 8.8 -2.8 2000: Q1... | 71.5 31.4 40.1 -5.9 -1.4 -9.2 -1.6 5.5 -6.5 Q2... | 79.7 33.7 45.9 11.4 7.5 14.4 5.0 9.6 1.9 Q3... | 80.1 33.9 46.2 .6 .5 .6 4.3 8.1 1.6 Q4... | 80.9 34.0 46.9 1.0 .3 1.5 6.4 6.8 6.1 2001: Q1... | 79.4 34.3 45.1 -1.9 .8 -3.9 11.0 9.2 12.4 Q2... | 82.9 35.1 47.7 4.4 2.5 5.8 4.0 4.2 3.9 Q3... | 82.5 35.4 47.1 -.4 .8 -1.3 3.0 4.5 2.0 Q4... | 82.2 35.6 46.7 -.3 .4 -.9 1.6 4.6 -.5 2002: Q1... | 80.1 36.0 44.1 -2.6 1.2 -5.5 .9 4.9 -2.2 Q2... | 83.7 37.0 46.7 4.4 2.7 5.9 1.0 5.1 -2.1 Q3... | 84.4 37.7 46.7 .9 2.1 -.1 2.3 6.5 -.9 Q4... | 83.9 38.0 45.9 -.6 .6 -1.6 2.0 6.8 -1.7 2003: Q1... | 82.0 38.7 43.3 -2.3 1.9 -5.7 2.4 7.5 -1.9 Q2... | 84.5 39.6 44.9 3.1 2.5 3.7 1.1 7.3 -3.9 Q3... | 85.5 40.2 45.4 1.2 1.4 1.0 1.4 6.5 -2.8 Q4... | 86.1 40.6 45.5 .6 1.1 .2 2.7 7.0 -.9 2004: Q1... | 84.3 41.4 42.9 -2.1 1.9 -5.7 2.8 7.0 -.9 Q2... | 88.9 42.9 46.0 5.4 3.6 7.2 5.2 8.3 2.4 Q3... | 91.5 43.9 47.6 2.9 2.3 3.5 6.9 9.2 4.9 Q4... | 92.3 44.5 47.7 .8 1.5 .2 7.1 9.6 4.9 2005: Q1... | 89.3 45.0 44.3 -3.2 1.1 -7.2 5.9 8.7 3.3 Q2... | 93.5 46.2 47.3 4.7 2.7 6.6 5.1 7.7 2.7 Q3... | 96.7 47.1 49.5 3.4 2.0 4.8 5.7 7.4 4.0 Q4... | 97.5 47.6 49.9 .9 1.0 .8 5.7 6.9 4.6 2006: Q1... | 96.2 48.4 47.7 -1.4 1.8 -4.4 7.7 7.6 7.7 Q2... | 101.0 49.8 51.2 5.1 2.9 7.2 8.1 7.8 8.3 Q3... | 104.2 51.1 53.0 3.1 2.5 3.6 7.8 8.4 7.1 Q4... | 105.4 52.2 53.2 1.2 2.1 .3 8.1 9.7 6.5 2007: Q1... | 105.0 53.4 51.6 -.4 2.3 -3.0 9.2 10.2 8.1 Q2... | 109.3 54.8 54.5 4.1 2.7 5.6 8.2 9.9 6.5 Q3... | 110.8 56.0 54.9 1.4 2.2 .6 6.4 9.5 3.4 Q4... | 112.3 56.8 55.5 1.3 1.5 1.2 6.6 8.9 4.3 2008: Q1... | 110.4 57.9 52.5 -1.7 1.9 -5.3 5.2 8.5 1.8 Q2... | 117.4 60.4 57.0 6.3 4.4 8.5 7.4 10.3 4.5 Q3... | 119.9 61.6 58.3 2.1 1.9 2.4 8.2 10.0 6.3 _______________________________________________________________________________________________________ Note. Data are as of end of quarter. 21