C.2. Expected Farm Loan Volume for the Next Quarter, Compared with a Year Earlier Percent ________________________________________________________________________________________________________________________________________________ Purpose of loan ___________________________________________________________________________________________________________________________________ Total Feeder cattle Dairy Crop storage Operating Farm machinery ___________________________________________________________________________________________________________________________________ Quarter 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*) ________________________________________________________________________________________________________________________________________________ 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 Q4... | 19 58 23 21 70 9 20 74 6 23 73 4 14 50 36 30 54 15 2003: Q1... | 23 53 24 19 73 8 24 71 5 26 72 2 14 46 40 32 56 12 ________________________________________________________________________________________________________________________________________________ Eleventh (Dallas) Federal Reserve District (LA*, NM*, TX) ________________________________________________________________________________________________________________________________________________ 2001: Q1... | 21 57 22 17 65 18 18 77 5 14 83 3 17 57 26 29 60 11 Q2... | 24 54 21 16 64 20 18 78 5 14 77 9 18 60 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 11 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 Q4... | 22 66 12 26 58 15 19 75 6 18 76 6 20 64 16 29 62 9 2003: Q1... | 20 67 13 22 69 10 14 84 3 11 85 4 16 67 17 28 60 11 ________________________________________________________________________________________________________________________________________________ Fifth (Richmond) Federal Reserve District (MD, NC, SC, VA, WV*) ________________________________________________________________________________________________________________________________________________ 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 Q4... | 27 53 20 15 69 15 21 71 7 40 53 7 30 50 20 45 50 5 2003: Q1... | 29 53 18 13 75 13 19 75 6 17 67 17 23 55 23 38 57 5 ________________________________________________________________________________________________________________________________________________ 33 C.2. Expected Farm Loan Volume for the Next Quarter, Compared with a Year Earlier (continued) Percent ________________________________________________________________________________________________________________________________ Purpose of loan ___________________________________________________________________________________________________________________ ___________________________________________________________________________________________________________________ Feeder livestock Other intermediate 1 Farm real estate Other operating 2 Farm machinery 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*) ________________________________________________________________________________________________________________________________ 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. 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... | 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. 2. Loans used primarily to finance such items as current crop production expenses and the care and feeding of livestock (including poultry). * 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. 34