BULLETIN" 1048, U. S. DEPARTMENT OE AGRICULTURE. 
Table 2. — Average rates of interest on short-time loans to farmers reported by banks, 
March, 1921— Continued. 
Short-time loans of $100 or more. 
Number 
of banks 
report- 
Petty short-time loans. 
Geographic division, 
State, and crop 
Number 
Rate of interest. 
Rate of interest. 
estimates district. 
of banks 
report- 
ing. 
Low. 
High. 
Prevail- 
ing. 
ing. 
Low. 
High. 
Prevail- 
ing. 
East North Central- 
Continued. 
Per cent. 
Per cent. 
Per cent. 
Per cent. 
Per cent. 
Per cent. 
384 
6.82 
7.64 
7.27 
. 335 
7.26 
7.79 
7.55 
District 1 
34 
6.91 
7.56 
7.32 
26 
7.04 
7.46 
7.23 
2 
50 
6.98 
7.76 
7.46 
- 46 
7.41 
7.91 
7.70 
3 
44 
7.00 
7.68 
7.41 
39 
7.49 
7.87 
7.73 
4 
46 
6.86 
7.84 
7.38 
46 
7.30 
7.85 
7.54 
5 
85 
6.87 
7.78 
7.40 
73 
7.20 
7.88 
7.61 
6 
27 
6.83. 
7.37 
7.11 
26 
7.12 
7.58 
7.33 
7 
51 
6.63 
7.65 
7.16 
40 
7.52 
7.90 
7.75 
8 
26 
6.50 
7.35 
6.85 
20 
6.95 
7.60 
7.22 
9 
21 
6.38 
7.14 
6.71 
19 
6.84 
7.47 
7.21 
519 
6.56 
6.98 
6.83 
428 
6.67 
7.07 
6.95 
District 1 
71 
6.46 
6.98 
6.80 
60 
6.52 
6.99 
6.85 
3 
74 
6.50 
7.00 
6.72 
69 
6.43 
6.87 
6.72 
4 
58 
6.57 
6.88 
6.82 
56 
6.64 
6.91 
6.88 
4a 
73 
6.44 
6.91 
6.80 
62 
6.55 
6.92 
6.81 
5 
57 
6.61 
6.95 
6.84 
45 
6.73 
6.96 
6.88 
6 
61 
6.70 
6.98 
6.96 
46 
6.79 
7.02 
6.95 
6a 
63 
6.71 
7.02 
6.94 
45 
6.80 
7.17 
7.09 
7 
42 
6.37 
6.98 
6.67 
34 
7.00 
7.35 
7.09 
9 
20 
6.90 
7.40 
7.10 
11 
7.55 
10.00 
9.27 
Michigan 
244 
6.76 
7.17 
6.97 
221 
7.00 
7.60 
7.28 
District 1 
21 
6.91 
7.95 
7.31 
18 
7.39 
' 9.61 
8.22 
2 
21 
6.71 
7.00 
6.90 
18 
6.89 
7.06 
7.06 
3 
6 
7.00 
7.00 
7.00 
7 
8,29 
9.00 
8,64 
4 
6 
6.83 
7.17 
6.83 
6 
6.83 
7.17 
7.00 
5 
23 
7.00 
7.17 
7.11 
18 
7.00 
8.22 
7.53 
6 
27 
6.96 
7.78 
7.37 
26 
7.44 
8.15 
7.94 
7 
40 
6.71 
6.99 
6.85 
37 
6.84 
7.08 
6.93 
8 
47 
6.57 
6.94 
6.80 
44 
6.66 
6.98 
6.89 
9 : 
53 
6.70 
6.98 
6.85 
47 
6.94 
7.11 
7.01 
Wisconsin 
373 
6.64 
7.31 
7.02 
353 
6.81 
7.45 
7.18 
District 1 
68 
7.22 
8.03 
7.69 
65 
7.3.8 
8. IS 
7.85 
2 
33 
6.97 
7.58 
7.42 
33 
7.36 
8.06 
7.71 
3 
19 
6.8ft 
7.79 
7.29 
19 
7.21 
8.00 
7.55 
4 
37 
6.68 
7.50 
7.03 
38 
6.95 
7.55 
7.25 
5 
30 
6.45 
7.22 
6.80 
28 
6.57 
7.43 
7.02 
6 
80 
6.38 
6. .84 
6.67 
70 
6.42 
6.89 
6.73 
7 
28 
6.50 
7.25 
6.96 
26 
6.62 
7.31 
7.13 
8 
41 
6.38 
6.93 
6.76 
37 
6.49 
7.00 
6.85 
9 
37 
6.20 
6.85 
6.57 
37 
6.31 
6.91 
6.63 
West North Central. . 
3,044 
8.04 
8.82 
8. 50 
2,660 
8.33 
8.96 
8.71 
541 
7. $9 
8.84 
S.41 
503 
8.29 
9.00 
8.62 
District 1 
87 
8.78 
9.82 
9.44 
80 
8.96 
9.92 
9.57 
2 
28 
8.82 
9.79 
9.32 
28 
9.25 
9.93 
9.55 
3 
12 
7.75 
8.75 
8.21 
11 
8.09 
8.82 
8.64 
4 
65 
8.05 
9.14 
8.57 
59 
8.42 
9.44 
9.00 
o 
88 
7.72 
8.62 
8.19 
85 
8.05 
8.84 
8.48 
6 
66 
7.67 
8.75 
8.22 
58 
8.02 
8.82 
8.54 
7 
57 
8.07 
8.92 
8.52 
50 
8.10 
9.07 
8.64 
8 
72 
7.54 
8.28 
7.97 
66 
7.70 
8.53 
8.07 
9 
66 
6.90 
7.81 
7.42 
66 
7.17 
7.92 
7.53 
Iowa 
566 
7.35 
7.89 
7.71 
496 
7.51 
7.92 
7.79 
District 1 
64 
7.78 
8.00 
7.95 
51 
7.89 
S.00 
7.96 
2 
65 
7.62 
7.97 
7.88 
61 
7.69 
8.02 
7.94 
3 
60 
7.10 
7.85 
7.58 
54 
7.49 
7.93 
7.83 
4... 
66 
7.73 
7.98 
7.94 
61 
7.71 
7.98 
7.93 
5 
83 
7.41 
8.00 
7.83 
65 
7.61 
8.00 
7.89 
6 
78 
6.65 
7. 65 
7.25 
68 
6.85 
7.73 
7.36 
7 
44 
7.73 
7.98 
7.93 
37 
7.S5 
7.97 
7.96 
8 
46 
7.52 
8.00 
7.93 
41 
7.73 
S.00 
7.95 
9 
60 
6. 85 
7.58 
7.23 
55 
7.05 
7.69 
7.43 
1 
