18 
BULLETIN 1048, TJ. S. DEPARTMENT OF AGRICULTURE. 
Table 4. — Minimum balance requirements for bank loans to farmers on personal and 
collateral security. 
Geographic division and State. 
Number 
of banks 
reporting. 
Percentage 
which re- 
quired no 
minimum 
balance. 
Percentage 
which 
required 
minimum 
balance. 
Average 
per cent 
required 
by banks 
reporting 
such re- 
quirements. 
United States 
9,629 
94 
6 
16.3 
New England 
271 
92 
8 
18.8 
Maine 
45 
33 
34 
97 
6 
56 
100 
100 
88 
89 
83 
87 
New Hampshire 
Vermont 
12 
11 
17 
13 
13.3 
19.5 
Rhode Island 
20.0 
Connecticut 
20.0 
Middle Atlantic 
746 
94 
6 
15.0 
New York 
309 
72 
365 
95 
83 
95 
5 
17 
5 
17.8 
New Jersev 
18.0 
Pennsylvania , 
9.5 
East North Central 
2, 039 
97 
3 
15.6 
Ohio 
388 
399 
599 
260 
393 
97 
98 
97 
97 
3 
2 
3 
2 
3 
16.7 
Indiana 
20.0 
Illinois 
14.9 
Michigan 
12.0 
Wisconsin 
14.0 
West North Central 
3,081 
96 
4 
16.0 
Minnesota 
466 
600 
471 
373 
265 
394 
512 
97 
95 
95 
98 
94 
95 
94 
3 
5 
5 
2 
6 
5 
6 
16.2 
Iowa 
17.2 
Missouri 
15.8 
North Dakota 
12.8 
South Dakota 
13.4 
Nebraska 
16.3 
Kansas 
17.7 
South Atlantic 
850 
88 
12 
17.3 
Delaware 
12 
65 
2 
118 
63 
107 
182 
250 
51 
83 
83 
50 
84 
95 
85 
90 
89 
84 
17 
17 
50 
16 
5 
15 
10 
11 
16 
5.0 
Maryland 
11.3 
District of Columbia 
20.0 
Virginia 
16.1 
West Virginia 
10.0 
North Carolina 
19.6 
South Carolina- 
13.0 
Georgia 
19.6 
Florida 
21.6 
East South Central 
637 
93 
7 
17.4 
Kentucky 
140 
205 
142 
150 
9G 
93 
96 
85 
2 
7 
4 
15 
15.0 
Tennessee 
18.6 
9.3 
Mississippi 
18.6 
West South Central 
837 
93 
7 
19.0 
Arkansas 
120 
51 
287 
379 
95 
84 
95 
93 
5 
16 
5 
7 
21.7 
Louisiana 
14.0 
22.5 
Texas 
19.4 
Mountain 
593 
93 
7 
14.9 
Montana 
ISO 
90 
58 
156 
36 
23 
41 
9 
95 
94 
88 
94 
92 
91 
93 
100 
5 
6 
12 
6 
8 
9 
7 
15.0 
Idaho 
13.3 
Wyoming 
20.0 
14.6 
New Mexico. 
10.0 
Arizona 
15.0 
Utah 
15.0 
Pacific 
575 
93 
7 
15.7 
141 
124 
310 
93 
99 
91 
7 
1 
9 
15.8 
15.7 
