6 



BULLETIN 384^ U. S. DEPAKTMENT OF AGEIOULTUEE. 



Table 3. — Farm-mortgage loans — Average rates for interest and commission, hy States and 



districts — Continued . 



Geographic divi- 

 sion, State, and 

 district. 



■WEST SOUTH CEN- 

 TRAL — continued . 



Oklahoma — Contd 



District 8 



District 9 



Texas 



District 1 



Districts 



District 3 



District 4 



District 4a 



District 5 



District 6 



District 8 



District 9 



MOUNTAIN. 



Montana 



District 1 



Districts 



Districts...... 



District 4 . . . . '. 



District 5 



District 6 



District 7 



District 8 



District 9 



Idaho 



District 1 



District 2 



District 4 



District 5 



District 7 



District 8 



District 9 



Wyoming 



District 1 



Districts 



District 3 



District 4 



District 5 



District 6 



District 7 



District 8 



District 9 



Average 



interest 



rate. 



Average 

 annual 



commis- 

 sion.! 



6.6 



2.1 



7.1 



2.8 



8.4 



.6 



8.6 



.9 



8.2 



.6 



9.6 



.3 



8.3 



«.5 



7.9 



.6 



9.0 



.9 



8.2 



.8 



8.4 



.6 



8.4 



1.6 



8.1 



1.9 



8.7 



1.8 



8.5 



1.7 



(2) 

 8.2 



1.5 



8.5 



2.4 



(2) 

 8.1 



(2) 

 1.1 



8.7 



1.3 



8.2 



.7 



7.9 



.5 



(2) 

 8.5 



"\. 



8.0 



.9 



8.3 



.6 



8.5 



.6 



8.3 



.9 



9.2 



.8 



9.4 



.7 



9.8 



.3 



10.1 



1.5 



9.3 



.7 



8.8 



.5 



8.7 



1.3 



(2) 



8.5 



(2) 

 .9 



Interest 

 plus com- 

 mission. 



8.7 

 9.6 

 9.0 

 9.5 



(2) 



(2) 



(2) 



8.5 



9.0 

 9.0 



10.0 

 10.0 

 10.5 

 10.2 



9.7 

 10.9 



9.2 

 10.0 



0) 



(2) 



9.0 

 8.9 

 8.9 

 9.1 

 9.2 

 10.0 

 10.1 

 10.1 

 11.6 

 10.0 

 9.3 

 10.0 



Geographic divi- 

 sion, State, and 

 district. 



M OUNTAIN— contd 



Colorado 



District 1 



District 2 



District 3 



District 4 



District 5 



District £ 



District 7 



District 8 



District 9 



New Mexico 



Arizona 



Utah 



PACIFIC. 



Washington 



District 1 



District 2 



District 3 



District 4 



District 5 



District 6 



District 7 



District 8 



District 9 



Oregon 



District 1 



District 2 



District 3 



District 4 



District 5 



District 7 



Districts 



District 9 



California 



District 1 



District 2 



District 3 



District 4 



District 5 



District 5a 



District 6 



District 6a 



District 8 



Average 

 interest 



Average 

 annual 



rate. 



commis- 





sion.! 



8.3 



0.6 



8.0 



. 



7.2 



.4 



8.4 



.7 



8.0 



.5 



7.8 



.6 



9.5 



.8 



8.8 



.5 



8.0 



.9 



7.9 



.5 



9.7 



.8 



9.1 



.3 



8.6 



.4 



7.9 



.8 



7.9 



.5 



9.1 



1.7 



8.9 



.6 



7.9 



.9 



8.3 



.8 



7.3 



.5 



7.7 



.9 



7.8 



.8 



7.6 



.3 



7.7 



.3 



7.5 



.3 



7.8 



.3 



7.7 



.3 



7.4 



.4 



8.1 



.5 



7.9 



.2 



(=) 



(2) 



(}) 



{') 



lA 



.2 



6.4 



.1 



8.2 



.2 



7.4 



(?) 



7.2 



.1 



7.0 



.2 



7.7 



.3 



7.8 



.1 



7.7 



.2 



7.5 



.4 



Interest 

 plus com- 

 mission. 



(2) 



8.9 

 8.5 

 7.6 

 9.1 

 8.5 

 8.4 



10.3 

 9.3 

 8.9 

 8.4 



10.5 

 9.4 

 9.0 



8.7 

 8.4 

 10.8 

 9.5 

 8.8 

 9.1 

 7.-8 

 8.6 

 8.6 

 7.9 

 8.0 

 7.8 

 8.1 

 8.0 

 7.8 

 8.6 

 .1 



7.6 

 6.5 

 8.4 

 7.4 

 7.3 

 7.2 

 8.0 

 7.9 

 7.9 

 7.9 



1 Where the report shows a commission paid once for all in advance on a loan running more than 

 one year, the equivalent annual commission is used. 



2 Data at hand not sufficient to warrant the showiag of a district average. 

 * Less than one-tenth of 1 per cent. 



PERCENTAGE OP BUSINESS ON WHICH COMMISSION IS PAID. 



Table 4 and Diagram C reflect the relative importance of farm- 

 mortgage loans with no commission, advance commission, and annual 

 commission in each State, as indicated by these studies. It will be 

 noticed that in those States where the margin charged for commis- 

 sion is relatively high — for example, North Dakota, Oklahoma, and 

 Montana — the percentage of loans on v/hich commission is charged 

 is also relatively high. Obviously, the general average for commis- 

 sion is affected both by the amount of the commission where this is 

 charged, as well as by the relative number of loans which pay com- 

 mission. 



