B.1. Farm Debt Outstanding at Commercial Banks
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                          Loan volume              Percent change from          Percent change from
                     (billions of dollars)           previous quarter              previous year
             __________________________________________________________________________________________

                             Real   Non-real-             Real   Non-real-             Real   Non-real-
                   Total   estate      estate   Total   estate      estate   Total   estate      estate
Quarter            loans    loans       loans   loans    loans       loans   loans    loans       loans
_______________________________________________________________________________________________________

1991: Q3...    |    53.9     18.3        35.6     2.5      1.4         3.1     6.6      5.8         7.1
      Q4...    |    53.0     18.4        34.6    -1.6       .6        -2.7     5.7      7.0         5.1

1992: Q1...    |    51.9     18.9        33.0    -2.1      2.7        -4.6     4.9      8.2         3.1
      Q2...    |    55.1     19.5        35.6     6.2      3.3         7.8     4.9      8.1         3.2
      Q3...    |    56.2     19.9        36.2     1.9      1.9         1.9     4.2      8.6         1.9
      Q4...    |    54.5     19.9        34.7    -2.9      -.2        -4.4     2.9      7.8          .2

1993: Q1...    |    52.8     20.0        32.8    -3.2       .5        -5.3     1.7      5.6         -.5
      Q2...    |    56.0     20.6        35.4     6.0      3.1         7.8     1.6      5.4         -.6
      Q3...    |    58.0     20.8        37.1     3.5      1.2         4.9     3.2      4.7         2.4
      Q4...    |    57.7     20.9        36.8     -.5       .1         -.8     5.8      5.0         6.2

1994: Q1...    |    56.8     21.2        35.5    -1.5      1.8        -3.4     7.6      6.4         8.3
      Q2...    |    61.1     21.9        39.2     7.6      3.2        10.2     9.1      6.4        10.7
      Q3...    |    63.0     22.4        40.6     3.1      2.2         3.6     8.7      7.5         9.3
      Q4...    |    61.3     22.6        38.7    -2.7       .7        -4.6     6.2      8.2         5.2

1995: Q1...    |    59.9     22.9        36.9    -2.3      1.6        -4.6     5.4      8.0         3.9
      Q2...    |    63.5     23.6        40.0     6.1      2.7         8.2     4.0      7.5         2.0
      Q3...    |    65.3     23.8        41.5     2.9      1.1         3.9     3.7      6.3         2.3
      Q4...    |    63.7     23.9        39.8    -2.5       .4        -4.1     3.9      5.9         2.8

1996: Q1...    |    61.7     24.0        37.7    -3.1       .5        -5.3     3.1      4.8         2.0
      Q2...    |    65.7     24.7        41.0     6.5      2.7         8.9     3.4      4.7         2.7
      Q3...    |    66.6     24.9        41.6     1.3      1.1         1.5     1.9      4.7          .3
      Q4...    |    65.5     25.0        40.5    -1.6       .3        -2.8     2.8      4.6         1.8

1997: Q1...    |    63.8     25.4        38.4    -2.6      1.4        -5.1     3.4      5.5         2.0
      Q2...    |    69.0     26.2        42.8     8.2      3.3        11.5     5.1      6.2         4.4
      Q3...    |    71.1     27.0        44.2     3.0      2.9         3.1     6.8      8.1         6.0
      Q4...    |    71.3     27.1        44.2      .3       .7          .0     8.9      8.5         9.1

1998: Q1...    |    70.1     27.6        42.4    -1.7      1.8        -3.9     9.8      9.0        10.4
      Q2...    |    75.0     28.5        46.5     7.1      3.2         9.6     8.6      8.8         8.5
      Q3...    |    76.3     28.9        47.4     1.7      1.3         1.9     7.2      7.2         7.3
      Q4...    |    74.7     29.3        45.5    -2.0      1.3        -4.0     4.8      7.8         3.0

1999: Q1...    |    72.7     29.7        42.9    -2.8      1.7        -5.6     3.7      7.6         1.1
      Q2...    |    75.8     30.8        45.1     4.4      3.5         5.0     1.1      8.0        -3.1
      Q3...    |    76.8     31.4        45.5     1.3      1.9          .9      .7      8.6        -4.1
      Q4...    |    76.0     31.8        44.2    -1.0      1.5        -2.8     1.7      8.8        -2.8

2000: Q1...    |    71.5     31.4        40.1    -5.9     -1.4        -9.2    -1.6      5.5        -6.5
      Q2...    |    79.7     33.7        45.9    11.4      7.5        14.4     5.0      9.6         1.9
      Q3...    |    80.1     33.9        46.2      .6       .5          .6     4.3      8.1         1.6
      Q4...    |    80.9     34.0        46.9     1.0       .3         1.5     6.4      6.8         6.1

2001: Q1...    |    79.4     34.3        45.1    -1.9       .8        -3.9    11.0      9.2        12.4
      Q2...    |    82.9     35.1        47.7     4.4      2.5         5.8     4.0      4.2         3.9
      Q3...    |    82.5     35.4        47.1     -.4       .8        -1.3     3.0      4.5         2.0
      Q4...    |    82.2     35.6        46.7     -.3       .4         -.9     1.6      4.6         -.5

2002: Q1...    |    80.1     36.0        44.1    -2.6      1.2        -5.5      .9      4.9        -2.2
      Q2...    |    83.7     37.0        46.7     4.4      2.7         5.9     1.0      5.1        -2.1
      Q3...    |    84.4     37.7        46.7      .9      2.1         -.1     2.3      6.5         -.9
      Q4...    |    83.9     38.0        45.9     -.6       .6        -1.6     2.0      6.8        -1.7

2003: Q1...    |    82.0     38.7        43.3    -2.3      1.9        -5.7     2.4      7.5        -1.9
      Q2...    |    84.5     39.6        44.9     3.1      2.5         3.7     1.1      7.3        -3.9
      Q3...    |    85.5     40.2        45.4     1.2      1.4         1.0     1.4      6.5        -2.8
      Q4...    |    86.1     40.6        45.5      .6      1.1          .2     2.7      7.0         -.9

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   Note. Data are as of end of quarter.

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