Federal Reserve Statistical Release, E.15, Agricultural Finance Databook; title with eagle logo links to Statistical Release home page
Release Date: December 31, 2002
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C.2. Expected Farm Loan Volume for the Next Quarter, Compared with a Year Earlier
Percent
Quarter Total Purpose of loan
Feeder cattle Dairy Crop storage Operating Farm machinery
Lower Same Higher 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*)
2000: Q3 16 60 24 23 66 11 26 66 8 17 57 26 11 54 35 43 49 8
Q4 16 53 31 18 67 15 28 66 7 25 66 9 7 42 51 39 52 9
2001: Q1 13 54 33 14 70 16 25 68 7 29 61 10 8 43 49 42 45 13
Q2 20 57 23 22 65 13 22 71 7 29 61 9 12 53 35 42 50 8
Q3 23 59 18 24 67 9 22 72 6 27 66 7 13 60 27 42 47 11
Q4 19 53 28 24 68 8 16 77 6 28 67 5 12 47 40 43 45 12
2002: Q1 19 54 27 25 68 7 20 72 8 27 67 6 11 49 40 39 51 10
Q2 18 63 19 32 64 3 20 73 7 28 65 6 12 60 28 38 54 7
Q3 23 54 23 32 64 3 26 67 7 25 69 6 16 49 35 33 50 17
Eleventh (Dallas) Federal Reserve District (LA*, NM*, TX)
2000: Q3 24 60 16 32 52 16 18 80 2 16 74 10 17 61 22 31 60 10
Q4 20 57 23 15 65 20 15 78 2 16 78 6 14 55 31 29 55 16
2001: Q1 20 58 22 17 65 17 17 78 5 14 83 3 17 57 26 29 60 11
Q2 25 55 21 16 64 19 17 78 5 14 77 9 18 61 21 31 56 13
Q3 22 60 18 19 63 19 18 77 5 15 80 5 18 63 19 31 58 11
Q4 24 63 13 18 67 16 16 78 6 12 81 8 19 64 18 35 58 7
2002: Q1 29 55 16 25 65 10 18 75 7 18 77 5 25 59 16 35 57 8
Q2 29 60 11 37 58 5 20 74 6 20 74 6 23 58 19 31 62 7
Q3 24 63 13 30 60 10 20 73 7 16 76 9 21 58 21 31 65 5
Fifth (Richmond) Federal Reserve District (MD, NC, SC, VA, WV*)
2000: Q3 40 57 3 35 65 0 29 71 0 11 59 30 26 65 9 38 53 9
Q4 19 71 10 13 80 7 25 75 0 13 69 19 14 77 9 30 70 0
2001: Q1 17 70 13 12 88 0 18 82 0 10 81 10 8 72 20 24 68 8
Q2 27 70 3 17 83 0 26 74 0 19 73 8 13 88 0 26 74 0
Q3 40 55 5 28 72 0 27 73 0 6 76 18 8 88 4 25 71 4
Q4 25 67 8 30 70 0 18 76 6 29 57 14 19 74 7 41 56 4
2002: Q1 19 70 11 16 76 8 20 72 8 18 79 4 21 69 10 23 67 10
Q2 31 62 8 27 73 0 23 77 0 29 67 4 33 63 3 41 59 0
Q3 30 57 13 22 78 0 22 78 0 21 63 16 33 59 7 50 50 0


Quarter Purpose of loan
Feeder livestock Other intermediate1 Farm real estate Other operating2 Farm machinery
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*)
2000: Q3 14 71 15 27 65 8 35 53 12 6 68 26 39 54 7
Q4 15 69 16 23 74 3 39 55 6 9 78 13 43 53 4
2001: Q1 14 76 10 18 76 6 28 62 11 7 69 23 34 61 5
Q2 17 75 8 19 76 6 28 64 8 6 67 27 35 60 5
Q3 17 77 6 16 78 6 26 62 12 10 68 22 28 67 4
Q4 17 77 6 25 64 11 29 55 17 6 75 19 44 47 9
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.
   Note. Beginning in 2002, the Minneapolis Reserve District will no longer report loan demand.
   1. Non-real-estate loans with a term greater than one season.  Primarily comprises loans for
farm machinery. Return to table
   2. Loans used primarily to finance such items as current crop production expenses and the care
and feeding of livestock (including poultry). Return to table
   * 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.


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