Regional Economic Digest
Fourth Quarter 1994

The Tenth District economy grew solidly in the third quarter of 1994. Employment and personal income rose and the unemployment rate fell. The district's construction industry slowed, but manufacturing remained strong and energy activity picked up. The district's farmers harvested record corn and soybean crops.

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Survey of Agricultural Credit Conditions
By Scott Ryckman and Alan Barkema

District agriculture remained in strong financial condition during the third quarter of 1994 despite weak farm income prospects, according to a survey of 314 agricultural bankers in the district. Solid gains in farmland values and strengthening farm loan demand bolstered the overall health of district agriculture. But higher farm interest rates and lower farm commodity prices pointed to weaker farm incomes for 1994.

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Continued Strength at Tenth District Banks
By William R. Keeton and Corey M. Koenig

Commercial banks in Tenth District states continued to perform well in the first half of 1994. Profitability leveled off at a high level, asset quality improved, and loan growth accelerated. Based on these performance measures, banks in district states once again outperformed banks in the rest of the nation.

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Economic Indicators
The actual Economic Indicators tables from this issue of the Regional Economic Digest are not available because data have been revised. Regional Economic Indicators are available and updated monthly by research staff.

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