BANK LOANS TO FAKMERS. 



discount on agricultural as well as other credit paper, which for the 

 month in question averaged approximately 7 per cent, the rate re- 

 ported is perhaps no higher than the banks were forced to charge in 

 order to continue in operation. 



Table 2. 



-Average rates of interest on short-time loans to farmers reported by banks, 

 March, 1921. 





Short-time loans of $100 or more. 



Petty short-time loans. 



Geographic division, 

 State, and crop 



Number 

 of banks 

 report- 

 ing. 



Rate of interest. 



Number 

 of banks 

 report- 

 ing. 



Rate of interest. 





Low. 



High. 



Prevail- 

 ing. 



Low. 



High. 



Prevail- 

 ing. 



United States - . 



9,157 



Per cent. 



7.59 



Per cent. 



8.23 



Per cent. 

 7.96 



7,880 



Per cent. 

 7.91 



Per cent. 

 8.48 



Per cent. 



8.21 



New England 



226 



6.19 



6.57 



6.43 



153 



6.31 



6.59 



6.49 





42 



28 

 31 

 77 

 5 

 43 



6.12 

 5.89 

 6.00 

 6.43 

 6.50 

 6.13 



6.40 

 6.00 

 6.10 

 7.09 

 7.10 

 6.44 



6.31 



5.98 

 6.03 

 6.86 

 7.00 

 6.31 



29 



18 

 - 27 

 46 

 4 

 29 



6.34 

 5.94 

 6.04 

 6.66 

 6.75 

 6.16 



6.62 

 6.00 

 6.15 



7.14 

 7.25 

 6.38 



6 50 



New Hampshire . . . 



6.00 

 6 07 



Massachusetts 



Rhode Island 



Connecticut 



6.97 

 7.25 

 6.31 



Middle Atlantic 



675 



5.97 



6.03 



6.01 



560 



5.98 



6.03 



6.00 





259 



5.98 



6.05 



6.01 



212 



5.99 



6.06 



6 01 







District 2 



3 



4 



5 



6 



7 



8 



9 



9a 



17 

 6 

 50 

 51 

 28 

 26 

 11 

 48 

 22 



6.00 

 6.00 

 5.98 

 5.99 

 6.00 

 6.00 

 6.00 

 5.98 

 5.91 



6.00 

 6.00 

 6.12 

 6.00 

 6.00 

 6.19 

 6.00 

 6.04 

 6.00 



6.00 

 6.00 

 6.02 

 6.00 

 6.00 

 6.06 

 6.00 

 6.02 

 6.00 



15 

 4 

 43 

 43 

 24 

 24 

 9 

 35 

 15 



6.00 

 6.00 

 6.01 

 6.00 

 6.00 

 6.00 

 6.00 

 6.00 

 5.87 



6.00 

 6.00 

 6.10. 

 6.00 

 6.04 

 6.29 

 6.00 

 6.00 

 6.00 



6.00 

 6.00 

 6.03 

 6.00 

 6.00 

 6.02 

 6.00 

 6.00 

 6.00 



New Jersey 



74 



5.94 



6.04 



6.00 



58 



5.98 



6.03 



6.00 



District 1 



2 



3 



5 



7 



9 



10 

 4 

 13 

 27 

 14 

 6 



5.80 

 6.00 

 5.81 

 6.00 

 6.00 

 6.00 



6.10 

 6.00 

 6.15 

 6.00 

 6.00 

 6.00 



6.00 

 6.00 

 6.00 

 6.00 

 6.00 

 6.00 



9 

 2 

 10 

 22 

 11 

 4 



6.00 

 6.00 

 5.90 

 6.00 

 6.00 

 6.00 



6.00 

 6.00 

 6.20 

 6.00 

 6.00 

 6.00 



6.00 

 6.00 

 6.00 

 6.00 

 6.00 

 6.00 



Pennsylvania 



342 



5.96 



6.01 



6.01 



290 



5.97 



6.00 



6.00 



District 1 



2 



3 



4 



5 



6 



7 



8 



9 



23 

 26 

 21 

 34 

 56 

 28 

 46 

 38 

 70 



6.00 

 6.00 

 6.00 

 6.00 

 5.95 

 5.93 

 5.93 

 6.89 

 5.96 



6.04 

 6.00 

 6.00 

 6.00 

 6.00 

 6.00 

 6.00 

 6.00 

 6.04 



6.02 

 6.00 

 6.00 

 6.00 

 6.00 

 6.00 

 6.00 

 6.00 

 6.04 



20 

 26 



18 

 27 

 47 

 25 

 38 

 35 

 54 



6.00 

 6.00 

 6.00 

 6.00 

 5.98 

 6.00 

 5.92 

 5.94 

 5.96 



6.00 

 6.00 

 6.00 

 6.00 

 6.02 

 6.00 

 6.00 

 6.00 

 6.00 



6.00 

 6.00 

 6.00 

 6.00 

 6.00 

 6.00 

 6.00 

 6.00 

 5.99 



East North Central . . . 



1,890 



6.58 



7.23 



6.96 



1,666 



6.88 



7.40 



7.17 



Ohio 



370 



6.48 



7.09 



6.79 



329 



6.75 



7.25 



7.00 







District 1 



2 



3 



4 



5 



6 



7 



8 



9 



66 

 37 

 ■ 59 

 38 

 50 

 35 

 39 

 17 

 29 



6.54 

 6.41 

 6.46 

 6.66 

 6.56 

 6.29 

 6.47 

 6.53 

 6.28 



7.39 

 6.65 

 7.03 

 7.32 

 7.34 

 6.60 

 6.91 

 7.41 

 7.03 



7.00 

 6.59 

 6.81 

 6.92 

 6.85 

 6.43 

 6.68 

 7.03 

 6.66 



59 

 35 

 49 

 32 

 49 

 29 

 34 

 18 

 24 



6.98 

 6.57 

 6.67 

 6.81 

 6.92 

 6.34 

 6.59 

 7.00 

 6.71 



7.56 

 6.80 

 7.20 

 7.47 

 7.43 

 6.69 

 7.18 

 7.61 

 7.12 



7.36 

 6.69 

 6.93 

 6.98 

 7.15 

 6.45 

 6.86 

 7.50 

 6.94 



