33

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

Purpose of loan

Total Feeder cattle Dairy Crop storage Operating 

Quarter Lower Same Higher Lower Same Higher Lower Same Higher Lower Same Higher Lower Same Hig

Seventh (Chicago) Federal Reserve District (IL*, IN*, IA, MI*, WI*)

2001: Q2... 20 57 23 22 65 13 22 71 7 29 61 9 12 53  Q3... 23 59 18 24 67 9 22 72 6 27 66 7 13 60  Q4... 19 53 28 24 68 8 16 77 6 28 67 5 12 47 2002: Q1... 19 54 27 25 68 7 20 72 8 27 67 6 11 49  Q2... 18 63 19 32 64 3 20 73 7 28 65 6 12 60  Q3... 23 54 23 32 64 3 26 67 7 25 69 6 16 49  Q4... 19 58 23 21 70 9 20 74 6 23 73 4 14 50 2003: Q1... 23 53 24 19 73 8 24 71 5 26 72 2 14 46  Q2... 18 65 18 17 78 6 19 75 6 23 71 5 9 63 

Eleventh (Dallas) Federal Reserve District (LA*, NM*, TX)

2001: Q2... 24 54 21 16 64 20 18 78 5 14 77 9 18 60  Q3... 22 60 18 19 63 19 18 77 5 15 80 5 18 63  Q4... 24 63 13 18 67 16 16 78 6 11 81 8 19 64 2002: Q1... 29 55 16 25 65 10 18 75 7 18 77 5 25 59  Q2... 29 60 11 37 58 5 20 74 6 20 74 6 23 58  Q3... 24 63 13 30 60 10 20 73 7 16 76 9 21 58  Q4... 22 66 12 26 58 15 19 75 6 18 76 6 20 64 2003: Q1... 20 67 13 22 69 10 14 84 3 11 85 4 16 67  Q2... 16 66 18 17 70 14 15 79 6 19 75 6 16 68 

Fifth (Richmond) Federal Reserve District (MD, NC, SC, VA, WV*)

2001: Q2... 27 70 3 17 83 0 26 74 0 19 73 8 13 88  Q3... 40 55 5 28 72 0 27 73 0 6 76 18 8 88  Q4... 25 67 8 30 70 0 18 76 6 29 57 14 19 74 2002: Q1... 19 70 11 16 76 8 20 72 8 18 79 4 21 69  Q2... 31 62 8 27 73 0 23 77 0 29 67 4 33 63  Q3... 30 57 13 22 78 0 22 78 0 21 63 16 33 59  Q4... 27 53 20 15 69 15 21 71 7 40 53 7 30 50 2003: Q1... 29 53 18 13 75 13 19 75 6 17 67 17 23 55  Q2... 25 60 15 24 71 6 31 63 6 6 78 17 19 71 
34

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

Purpose of loan

Feeder livestock Other intermediate1 Farm real estate Other operating2 Far

Quarter Lower Same Higher Lower Same Higher Lower Same Higher Lower Same Higher Lower 

Ninth (Minneapolis) Federal Reserve District (MI*, MN, MT, ND, SD, WI*)

2001: Q2... 17 75 8 19 76 6 28 64 8 6 67 27 35  Q3... 17 77 6 16 78 6 26 62 12 10 68 22 28  Q4... 17 77 6 25 64 11 29 55 17 6 75 19 44 2002: Q1... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.  Q2... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.  Q3... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.  Q4... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 2003: Q1... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.  Q2... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.  Note. Beginning in 2002, the Minneapolis Reserve District will no longer report loan demand. 1. Non-real-estate loans with a term greater than one season. Primarily comprises loans for farm machinery. 2. Loans used primarily to finance such items as current crop production expenses and the care and feeding of livestock (inclu * 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.