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: 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 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 ________________________________________________________________________________________________________________________________________________ Eleventh (Dallas) Federal Reserve District (LA*, NM*, TX) ________________________________________________________________________________________________________________________________________________ 2001: 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 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 14 22 62 16 18 80 3 14 84 2 10 76 13 15 74 11 ________________________________________________________________________________________________________________________________________________ Fifth (Richmond) Federal Reserve District (MD, NC, SC, VA, WV*) ________________________________________________________________________________________________________________________________________________ 2001: 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 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 ________________________________________________________________________________________________________________________________________________ * State falls only partly within the indicated Reserve District. Source. Federal Reserve Bank quarterly surveys of agricultural credit conditions at commercial banks. 33