FRB: E.15 Release--C.2. Expected Farm Loan Volume for the Next Quarter, Compared with a Year Earlier--Dec. 31, 2003

C.2. Expected Farm Loan Volume for the Next Quarter, Compared with a Year Earlier
Percent

Quarter	Total			Purpose of loan
	Total			Feeder cattle			Dairy			Crop storage			Operating			Farm machinery
	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

   1. Non-real-estate loans with a term greater than one season.  Primarily comprises loans for
farm machinery. Return to table
   2. 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.