FRB: Z.1 Release--L.221--Farm Mortgages--March 12, 2009

L.221 Farm Mortgages¹
Billions of dollars; amounts outstanding end of period, not seasonally adjusted

Description	2004	2005	2006	2007 Q1	2007 Q2	2007 Q3	2007 Q4	2008 Q1	2008 Q2	2008 Q3	2008 Q4	Line
All sectors (farm business liability) farm mortgages asset (USDA)	96.9	101.5	101.5	103.0	104.6	106.2	107.8	108.6	109.4	110.3	111.1	1
All sectors (farm business liability) farm mortgages asset (USDA)	96.9	101.5	101.5	103.0	104.6	106.2	107.8	108.6	109.4	110.3	111.1	2
Households and nonprofit organizations farm mortgages asset	5.3	5.7	1.3	0.8	-0.8	-1.1	-1.4	-1.2	-1.0	-1.5	-1.4	3
Nonfarm noncorporate business farm mortgages asset	0.6	0.7	0.7	0.7	0.7	0.8	0.8	0.8	0.8	0.9	0.9	4
State and local governments, excluding employee retirement funds farm mortgages asset	1.4	1.5	1.7	1.7	1.7	1.7	1.8	1.8	1.7	1.8	1.7	5
Federal government farm mortgages asset	3.2	3.2	3.2	3.2	3.2	3.2	3.3	3.2	3.3	3.5	3.5	6
Commercial banking farm mortgages asset (USDA)	35.2	36.9	37.8	38.5	39.2	39.9	40.6	40.9	41.2	41.5	41.9	7
Savings institutions farm mortgages asset	0.6	0.6	0.7	0.8	0.8	0.8	0.9	0.9	0.9	0.9	0.9	8
Life insurance companies farm land asset	10.9	11.0	11.3	11.3	11.2	11.2	11.2	11.2	11.3	11.4	11.5	9
State and local government employee retirement funds farm mortgages asset	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	10
Government-sponsored enterprises farm mortgages asset	38.6	40.9	41.7	42.7	43.9	45.0	46.1	46.5	46.8	47.1	47.1	11
Agency-and GSE-backed mortgage pools farm mortgages asset	0.9	0.8	3.2	3.4	4.7	4.6	4.5	4.5	4.3	4.7	5.0	12

FOOTNOTES
1. Excludes mortgages on farm houses. Return to text