Show Bank Loans Over Western Area Boosted Bank loans rose sharply In the Twelfth Federal Reserve district during the first quarter of 1956 1950 I according to the current MONTHLY MONTH MONTH- L LY Y REVIEW of the Federal Reserve Reserve Reserve Re Re- serve bank of San Francisco The April 10 Call Report indicated indicated indicated indi indi- that Twelfth District member member mem mem- ber bank loans excluding inter Inter- bank loans had expanded by nearly million since December December December Decem Decem- ber 31 31 1955 Real estate loans which form the largest single ele element element ele- ele ment in member bank loans in this I cle-I District increased considerably I particularly those secured by resi resl- res residential I- I real estate Loans for commercial commercial commercial com com- mercial and industrial purposes the second largest element in Twelfth District bank lending showed a strong rise Instead of the usual seasonal decline Consumer Consumer Consumer Con Con- sumer loans the third major type of bank lending increased less than in the comparable period last year Farms in the Twelfth District were were fewer in number but larger in size in 1954 than in 1950 according according according ac ac- ac- ac cording to a second REVIEW article ar ar- article based on recently released statistics from the 1954 census of agriculture The total number o 0 farm operators also declined but butmore butmore more Imore more part owners were reported who own part of their land and rent part of it from others time Part-time and residential farming has also become more popular in the Pacific Coast states where farm owners may conveniently conveniently conveniently conven conven- commute to an urban Job The average value of farms rose owing to higher land values aswell as aswell aswell well as to increased farm size Relative to the total number of farms more farms had a high value value value val val- ue of products sold A larger proportion proportion proportion pro pro- portion of District farms used mechanical equipment in 1954 V in n n In 1950 and a smaller proportion proportion proportion pro pro- portion used animal power More nd nei was w irrigated in the District in 1954 though the percentage growth in irrigated acreage since I 1950 was not as great as in the nation nation nation na na- na- na tion as a whole |