Federal Reserve Statistical Release, E.15, Agricultural Finance Databook; title with eagle logo links to Statistical Release home page
Release Date: September 30, 2004
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C.5. Average Variable Interest Rates on Farm Loans
Percent
Quarter Other operating loans1 Intermediate non-real-estate loans Long-term real estate loans
Ninth (Minneapolis) Federal Reserve District (MI*, MN, MT, ND, SD, WI*)
2002: Q2 7.2 7.2 6.8
Q3 6.8 6.7 6.4
Q4 6.7 6.6 6.3
2003: Q1 6.5 6.4 6.1
Q2 6.3 6.2 5.9
Q3 6.2 6.1 5.7
Q4 6.1 6.1 5.7
2004: Q1 6.3 6.3 5.8
Q2 6.4 6.3 6.0
Tenth (Kansas City) Federal Reserve District (CO, KS, MO*, NE, NM*, OK, WY)
2002: Q2 7.7 7.6 7.1
Q3 7.5 7.4 6.9
Q4 7.2 7.0 6.6
2003: Q1 7.0 6.9 6.4
Q2 6.9 6.8 6.3
Q3 6.7 6.6 6.1
Q4 6.7 6.6 6.2
2004: Q1 6.7 6.6 6.1
Q2 34.6 6.6 6.1
Twelfth (San Francisco) Federal Reserve District (AL, AZ, CA, HI, ID, NV, OR, UT, WA)
2002: Q2 n.a. n.a. n.a.
Q3 n.a. n.a. n.a.
Q4 n.a. n.a. n.a.
2003: Q1 5.8 6.0 6.2
Q2 5.2 5.3 5.2
Q3 5.1 5.3 5.6
Q4 4.6 4.9 5.7
2004: Q1 5.8 6.2 6.3
Q2 6.0 6.2 6.7
   1. 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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