16 
BULLETIN 1048, U. S. DEPAETMENT OF AGRICULTURE. 
The range in the prevailing rates as reported in Table 3 is also of 
interest. For the United States, 35.2 per cent of the banks which 
replied to this question reported rates varying from 7.50 to 8.49 per 
cent. Rates of from 5.50 to 6.49 per cent, which are shown as preva- 
lent for New England and Middle Atlantic, disappear almost en- 
tirely in the West South Central and Mountain States, where a rate 
of 9.50 per cent or more was charged by three-fourths of the banks. 
Rates exceeding 11.50 per cent were reported by nearly 9 per cent of 
the banks in Georgia, by 10 per cent of those in Nevada, and by 11 
per cent of those in New Mexico. 
Table 3. — Prevailing rates of interest on personal and collateral loans to farmers: Per 
cent of banks reporting the various rates, March, 1921. x 
Geographic division 
and State. 
5 per 
cent. 
6 per 
cent. 
7 per 
cent. 
8 per 
cent. 
9 per 
cent. 
10 per 
cent. 
11 per 
cent. 
12 per 
cent or 
over. 
United States.. 
0.0 
17.1 
59.7 
20.0 
35.2 
4.9 
22.1 
0.1 
0.6 
New England 
32.3 
8.0 
Maine 
71.4 
100.0 
96.8 
22.1 
23.8 
4.8 
New Hampshire . . . 
Vermont 
3.2 
58.4 
100.0 
27.9 
19.5 
Rhode Island 
Connecticut 
69.8 
2.3 
i 
Middle Atlantic 
.1 
99.1 
.7 
.1 
1 
1 
New York 
98.5 
100.0 
99.1 
1.5 
i 
New Jersey 
1 
Pennsylvania 
.3 
.3 
.3 
East North Central.. 
16.3 
67.5 
15.8 
.3 
.1 
Ohio. 
28.6 
8.3 
16.2 
8.6 
17.7 
61.9 
50.5 
82.1 
84.5 
58.9 
9.5 
Indiana 
41.2 
1.5 
4.9 
23.1 
Illinois 
.2 
.4 
1.6 
.3 
West North Central. . 
1.0 
9.5 
54.3 
8.0 
26.6 
.1 
.5 
9.8 
21.4 
22.2 
57.1 
76.8 
72.0 
4.6 
18.8 
43.8 
72.6 
12.0 
21.1 
Iowa 
1.8 
4.0 
Missouri 
1.1 
8.2 
12.6 
19.2 
8.5 
.2 
87.2 
63.2 
35.1 
16.5 
.5 
North Dakota.. 
1.2 
4.2 
Nebraska 
1.6 
2.2 
.3 
.2 
South Atlantic 
39.7 
2.2 
43.4 
3.1 
8.1 
.9 
2.6 
100.0 
98.4 
50.0 
88.3 
96.4 
86.8 
1.6 
50.0 
5.4 
1.8 
4.7 
2.3 
6.3 
1.8 
7.5 
93.6 
62.3 
54.0 
West Virginia 
1.0 
2.9 
19.9 
26.0 
.6 
6.1 
20.0 
.6 
Georgia 
3.0 
8.7 
17.0 
6.7 
64.0 
3.3 
8.0 
1.0 
51.1 
18.8 
21.4 
4.8 
.7 
1.4 
25.2 
59.2 
77.1 
93.0 
1.5 
3.8 
5.7 
2.1 
.8 
13.4 
13.6 
2.1 
2.9 
Mississippi 
1.4 
West South Central . . 
.3 
13.2 
8/T 
_ 77.1 
.1 
1> 
9.8 
77.5 
4.4 
12.1 
9.8 
8.2 
6.2 
10.5 
80.4 
14.3 
89.4 
75.1 
Texas 
.6 
.3 
1.4 
Rates involving fractions of 1 per cent are approximated to the nearest unit. 
