6 BULLETIN" 384, U. S. DEPARTMENT OF AGRICULTURE. 
Table 3. — Farm-mortgage loans — Average rates for interest and commission, by States and 
districts — C ontinued . 
Geographic divi- 
Average 
Average 
Interest 
Geographic divi- 
Average 
Average 
annual 
Interest 
sion, State, and 
interest 
plus com- 
sion, State, and 
interest 
plus com- 
mission. 
district. 
rate. 
sion.i 
mission. 
district. 
rate. 
commis- 
sion. 1 
•WEST SOUTH CEN- 
M ount ain— contd . 
TRAL — continued . 
Colorado 
8.3 
0.6 
8.9 
Oklahoma— Contd. 
District 1 
8.0 
8.5 
District8... 
6.6 
2.1 
8.7 
District 2 
7.2 
.4 
7.6 
District 9 
7.1 
2.8 
9.6 
District 3 
8.4 
9.1 
8.4 
.6 
9 
District 4 
8 
.5 
.6 
8.5 
8.4 
District 1 
8.6 
.9 
9.5 
District 5 
7.8 
District 2 
8.2 
.6 
8.8 
District 6 
9.5 
.8 
10.3 
District 3 
9.6 
.3 
9.9 
District 7 
8.8 
9.3 
District 4 
( 2 ) 
( 2 ) 
( 2 ) 
District 8 
8.0 
.9 
8.9 
District 4a 
8.3 
.5 
8.8 
District 9 
7.9 
.5 
8.4 
District 5 
7.9 
.6 
8.5 
New Mexico 
9.7 
.8 
10.5 
District 6 
9.0 
8.2 
8.4 
.9 
.8 
.6 
9.9 
9.0 
9.0 
Arizona 
9.1 
8.6 
.3 
.4 
9 4 
District 8 
Utah 
9 
District 9 
PACIFIC. 
MOUNTAIN. 
Washington 
7.9 
.8 
8.7 
Montana 
8.4 
1.6 
10.0 
District 1 
7.9 
.5 
8.4 
District 1 
8.1 
1.9 
10.0 
District 2 
9.1 
1.7 
10.8 
District 2 
8.7 
1.8 
10.5 
District3 
8.9 
.6 
9.5 
District 3 
8.5 
1.7 
10.2 
District 4 
7.9 
.9 
8.8 
District 4 
( 2 ) 
( 2 ) 
( 2 ) 
District 5 
8.3 
.8 
9.1 
District 5 
8.2 
1.5 
9.7 
District 6 
7.3 
.5 
7.8 
District 6 
8.5 
2.4 
10.9 
District 7 
7.7 
.9 
8.6 
District 7 
( 2 ) 
( 2 ) 
( 2 ) 
District 8 
7.8 
.8 
8.6 
District8 
8.1 
1.1 
9.2 
District 9 
7.6 
.3 
7.9 
District 9 
8.7 
1.3 
10.0 
Oregon 
7.7 
.3 
8.0 
Idaho 
8.2 
.7 
8.9 
District 1 
7.5 
.3 
7.8 
District 1 
7.9 
.5 
8.4 
District 2 
7.8 
.3 
8.1 
District 2 
( 2 ) 
( 2 ) 
( 2 ) 
District 3 
7.7 
.3 
8.0 
District 4 
8.5 
.5 
9.0 
District 4 
7.4 
.4 
7.8 
District 5 
8.0 
.9 
8.9 
District 5 
8.1 
.5 
8.6 
District 7 
8.3 
.6 
8.9 
District 7 
7.9 
.2 
8.1 
Districts 
8.5 
.6 
9.1 
District 8 
( 2 ) 
( 2 ) 
( 2< ) 
District 9 
8.3 
.9 
9.2 
District 9 
( 2 ) 
( 2 ) 
( 2 ) 
9.2 
.8 
10.0 
7.4 
.2 
7 6 
District 1 
9.4 
.7 
10.1 
District 1 
6.4 
.1 
6.5 
District 2 
9.8 
.3 
10.1 
District 2 
8.2 
.2 
8.4 
District 3 
10.1 
1.5 
11.6 
District 3 
7.4 
( 3 ) 
7.4 
District 4 
9.3 
.7 
■ 10.0 
District 4 
7.2 
.1 
7.3 
District 5 
8.8 
.5 
9.3 
District 5 
7.0 
.2 
7.2 
District 6 
8.7 
1.3 
10.0 
District 5a 
7.7 
.3 
8.0 
District 7 
( 2 ) 
( 2 ) 
( 2 ) 
District 6 
7.8 
.1 
7.9 
District 8 
( 2 ) 
( 2 ) 
( 2 ) 
District 6a 
7. 7 
.2 
7.9 
District 9 
8.5 
.9 
9.4 
District8 
7. 5 
.4 
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 showing of a district average. 
3 Less than one-tenth of 1 per cent. 
PERCENTAGE OF 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 which 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. 
