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*) ___________________________________________________________________________________________________________________________________________ 2003: 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 Q2... | 23 54 23 9 65 26 6 71 24 21 72 7 1 91 8 Q3... | 17 58 25 12 65 23 7 74 19 21 71 8 1 91 8 Q4... | 19 53 28 7 65 28 8 58 34 30 64 6 1 93 6 2005: Q1... | 14 55 31 11 66 23 10 65 26 20 69 11 0 92 7 Q2... | 13 54 32 13 72 14 11 76 13 15 74 10 1 92 7 Q3... | 15 55 30 18 67 15 18 76 6 5 73 22 1 86 13 Q4... | 16 48 36 13 65 22 20 70 10 13 68 19 1 85 14 ___________________________________________________________________________________________________________________________________________ Tenth (Kansas City) Federal Reserve District (CO, KS, MO*, NE, NM*, OK, WY) ___________________________________________________________________________________________________________________________________________ 2003: 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 Q2... | 17 59 24 9 74 17 9 76 15 7 80 13 0 86 14 Q3... | 14 60 26 11 74 15 8 77 16 10 82 8 0 91 9 Q4... | 12 60 29 8 81 11 7 68 24 13 75 13 0 90 10 2005: Q1... | 14 64 22 8 77 14 8 73 19 7 81 12 0 91 9 Q2... | 11 63 25 11 79 10 8 79 13 7 86 7 0 90 10 Q3... | 12 62 26 16 75 8 14 78 8 3 82 15 0 89 11 Q4... | 12 65 23 12 76 12 12 75 13 5 80 15 0 88 12 ___________________________________________________________________________________________________________________________________________ Eleventh (Dallas) Federal Reserve District (LA*, NM*, TX) ___________________________________________________________________________________________________________________________________________ 2003: Q4... | 19 68 13 1 73 26 5 80 15 13 77 10 0 84 16 2004: Q1... | 19 62 18 4 75 22 4 76 20 17 76 7 0 92 8 Q2... | 19 67 14 3 77 21 4 84 12 12 83 5 0 88 12 Q3... | 18 62 20 7 75 18 6 83 11 14 84 2 0 92 7 Q4... | 11 73 15 2 77 21 8 75 17 17 78 5 0 94 6 2005: Q1... | 15 66 20 3 75 22 9 75 17 18 73 10 0 92 8 Q2... | 13 71 16 2 82 16 2 86 12 10 85 5 1 93 7 Q3... | 11 68 21 3 83 14 6 86 8 9 83 8 0 91 9 Q4... | 14 70 16 2 82 16 8 79 12 12 76 12 0 91 9 ___________________________________________________________________________________________________________________________________________ 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*) ___________________________________________________________________________________________________________________________________________ 2003: 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 Q2... | 13 54 33 6 85 9 5 70 24 13 80 7 0 96 4 Q3... | 11 67 21 9 81 10 5 79 16 8 86 6 1 92 8 Q4... | 14 56 30 6 76 17 10 62 28 12 79 9 0 95 5 2005: Q1... | 9 52 39 9 77 14 14 62 24 7 77 16 0 95 5 Q2... | 5 61 34 7 86 7 9 80 12 5 88 7 0 96 4 Q3... | 10 60 30 11 84 4 16 79 5 3 79 18 0 95 5 Q4... | 15 59 26 6 78 16 16 59 25 15 72 13 0 96 4 ___________________________________________________________________________________________________________________________________________ Fifth (Richmond) Federal Reserve District (MD, NC, SC, VA, WV*) ___________________________________________________________________________________________________________________________________________ 2003: 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 Q2... | 19 77 4 0 85 15 4 92 4 12 88 0 0 77 23 Q3... | 41 56 4 4 67 30 7 78 15 4 93 4 0 72 28 Q4... | 19 73 8 8 85 8 8 85 8 19 73 8 4 85 12 2005: Q1... | 16 72 12 4 80 16 0 100 0 8 92 0 0 83 17 Q2... | 5 89 5 5 89 5 0 100 0 0 100 0 0 83 17 Q3... | 13 83 4 4 87 9 4 91 4 17 83 0 0 83 17 Q4... | 37 53 11 5 84 11 5 74 21 26 74 0 5 84 11 ___________________________________________________________________________________________________________________________________________ Twelfth (San Francisco) Federal Reserve District (AL, AZ, CA, HI, ID, NV, OR, UT, WA) ___________________________________________________________________________________________________________________________________________ 2003: Q4... | 21 46 33 0 75 25 21 67 13 4 79 17 0 83 17 2004: Q1... | 9 57 35 0 78 22 9 87 4 13 65 22 0 86 14 Q2... | 9 61 30 4 70 26 13 65 22 0 78 22 0 91 9 Q3... | 18 59 23 5 86 10 0 76 24 14 76 10 0 90 10 Q4... | 17 48 35 4 91 4 0 73 27 9 65 26 4 83 13 2005: Q1... | 9 57 35 0 91 9 18 68 14 0 77 23 0 86 14 Q2... | 21 50 29 0 88 13 8 88 4 4 79 17 4 92 4 Q3... | 10 67 24 0 90 10 10 71 19 5 57 38 0 95 5 Q4... | 18 55 27 0 82 18 18 50 32 9 82 9 0 95 5 ___________________________________________________________________________________________________________________________________________ * 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