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*) ________________________________________________________________________________________________________________________________________________ 2002: 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 Q2... | 18 65 18 17 78 6 19 75 6 23 71 5 9 63 28 29 59 12 Q3... | 17 61 22 22 65 13 17 78 5 21 71 8 11 60 30 26 61 13 Q4... | 15 58 27 31 59 10 13 80 7 17 76 8 11 54 35 17 55 28 2004: Q1... | 13 56 31 20 71 10 15 73 12 11 71 18 16 50 34 12 42 46 Q2... | 17 60 22 26 64 10 18 73 9 12 74 14 15 63 21 13 53 33 Q3... | 13 60 27 27 64 9 15 79 6 12 66 22 11 58 31 11 50 39 Q4... | 9 58 33 14 75 10 12 81 7 10 77 13 10 50 40 8 53 39 ________________________________________________________________________________________________________________________________________________ Eleventh (Dallas) Federal Reserve District (LA*, NM*, TX) ________________________________________________________________________________________________________________________________________________ 2002: 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 Q2... | 16 66 18 17 70 13 16 79 6 19 75 6 15 69 16 24 68 9 Q3... | 17 72 12 16 65 19 14 81 6 12 85 3 11 76 13 21 75 4 Q4... | 18 68 13 22 62 16 17 80 3 14 84 2 10 76 13 15 74 11 2004: Q1... | 11 70 19 13 75 12 11 83 6 11 86 3 11 72 17 10 76 14 Q2... | 16 68 16 27 60 13 15 81 4 11 85 4 15 70 16 15 69 16 Q3... | 16 61 23 23 61 16 11 84 4 7 83 10 9 64 27 12 73 15 Q4... | 12 71 17 13 72 15 11 89 0 9 84 7 7 74 19 11 73 16 ________________________________________________________________________________________________________________________________________________ Fifth (Richmond) Federal Reserve District (MD, NC, SC, VA, WV*) ________________________________________________________________________________________________________________________________________________ 2002: 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 Q2... | 25 60 15 24 71 6 31 63 6 6 78 17 19 71 10 33 62 5 Q3... | 14 71 14 7 80 13 33 60 7 11 74 16 10 81 10 33 48 19 Q4... | 21 74 5 12 82 6 17 78 6 15 75 10 14 82 5 9 77 14 2004: Q1... | 10 81 10 17 61 22 24 71 6 23 68 9 12 76 12 20 64 16 Q2... | 4 92 4 0 89 11 0 94 6 9 86 5 8 84 8 12 68 20 Q3... | 30 61 9 22 67 11 32 63 5 39 57 4 23 69 8 27 62 12 Q4... | 22 65 13 18 71 12 17 72 11 13 78 9 20 60 20 28 60 12 ________________________________________________________________________________________________________________________________________________ * State falls only partly within the indicated Reserve District. Source. Federal Reserve Bank quarterly surveys of agricultural credit conditions at commercial banks. 33