12 
BULLETIN" 1047, U. S. DEPARTMENT OF AGRICULTURE. 
Table 4. — Average rates of interest on farm mortgage loans in the United States, reported 
by banks, March, 1921 — Continued. 
Geographic division, 
First-mortgage farm loans, average 
rate. 
Second-mortgage farm loans, average 
rate. 
State, and crop 
estimates district. 
Number 
of banks 
reporting. 
Low 
(per 
cent). 
High 
(per 
cent). 
Prevail- 
ing (per 
cent). 
Number 
of banks 
reporting. 
Low 
(per 
cent). 
High 
(per 
cent). 
Prevail- 
ing (per 
cent). 
East North Central- 
Continued. 
378 
69 
34 
21 
43 
29 
79 
28 
42 
33 
5.73 
5.97 
6.10 
6.17 
6.01 
5.67 
5.31 
5.77 
5.56 
5.39 
6.70 
7.34 
7.06 
7.07 
6.72 
6.62 
6.30 
6.59 
6.44 
6.18 
6.31 
6.81 
6.65 
6.62 
6.24 
6.31 
5.93 
6.14 
6.12 
6.06 
142 
42 
15 
4 
13 
6 
28 
6 
15 
13 
6.25 
6.87 
6.53 
6.25 
6.00 
6.17 
5.71 
6.17 
5.87 
5.85 
6.98 
7.83 
7.37 
7.25 
6.77 
6.67 
6.39 
6.67 
6.33 
6.15 
6.68 
District 1 
2 
3 
4 
5 
6 
7 
8 
9 
7.43 
7.10 
6.75 
6.46 
6.46 
6.14 
6.25 
6.20 
6.08 
West North Central. . 
2,615 
6.52 
7.66 
7.19 
1,804 
7.79 
8.66 
8.32 
520 
80 
28 
13 
61 
87 
72 
48 
62 
69 
6.15 
6.44 
7.04 
6.50 
6.17 
5.95 
6.00 
6.09 
5.85 
5.96 
7.38 
7.98 
8.71 
8.31 
7.28 
7.20 
7.55 
6.89 
6.85 
6.91 
6.86 
7.42 
8.07 
7.73 
6.95 
6.72 
6.85 
6.50 
6.37 
6.38 
407 
84 
18 
3 
58 
68 
38 
47 
48 
43 
7.47 
8.21 
8.33 
8.33 
7.53 
7.14 
7.59 
7.29 
6.99 
6.63 
8.49 
9.40 
9.61 
9.33 
8.49 
8.08 
8.62 
8.18 
8.01 
7.36 
8.04 
District 1 
2 
3 
4 
5 
6 
7 
8 
9 
8-98 
8.97 
9.33 
8.14 
7.64 
8.07 
7.91 
7.46 
6.95 
442 
38 
49 
61 
43 
52 
77 
34 
31 
57 
5.86 
6.00 
5.67 
5.91 
5.93 
5.77 
5.78 
5.85 
6.08 
5.86 
6.85 
6.92 
6.87 
6.73 
6.94 
6.91 
6.64 
6.97 
7.13 
6.88 
6.44 
6.60 
6.39 
6.44 
6.65 
6.36 
6.31 
6.46 
6.53 
6.40 
255 
32 
42 
24 
43 
30 
18 
22 
24 
20 
6.98 
7.22 
6.82 
6.88 
7.19 
6.87 
6.50 
6.96 
7.54 
6.58 
7.75 
7.91 
7.79 
7.48 
7.98 
7.77 
7.44 
7.86 
7.75 
7.42 
7.49 
District 1 
2 
3 
4 
5 
6 
7 
8 
9 
7.64 
7.46 
7.39 
7.66 
7.54 
6.94 
7.61 
7.67 
7.15 
408 
53 
38 
41 
57 
64 
53 
35 
38 
29 
6.64 
6.41 
6.45 
5.98 
6.30 
6.77 
6.17 
7.10 
7.75 
7.50 
7.47 
7.33 
7.37 
6.98 
7.46 
7.62 
7.01 
7.77 
8.05 
7.97 
7.13 
6.92 
6.95 
6.45 
7.06 
7.31 
6.65 
7.54 
7.92 
7.84 
195 
33 
26 
19 
25 
32 
11 
14 
21 
14 
7.39 
7.20 
7.31 
6.95 
7.44 
7.44 
6.64 
7.71 
8.00 
7.79 
7.83 
7.62 
7.81 
7.47 
7.96 
7.87 
7.36 
8.14 
8.19 
8.00 
7.66 
District 1 
2 
3 
4 
5 
6 
7 
8 
9 
7.50 
7.56 
7.21 
7.82 
7.73 
7.09 
7.89 
8.10 
7.93 
North Dakota 
District 1 
2 
3 
4 
5 
6 
7 
8 
9 
335 
50 
52 
64 
32 
30 
33 
21 
21 
32 
7.26 
7.48 
7.18 
6.76 
8.09 
7.25 
6.48 
8.36 
7.90 
6.89 
8.86 
9.04 
8.69 
8.25 
9.80 
8.63 
8.41 
9.86 
9.50 
8.77 
8.35 
8.53 
8.23 
7.73 
9.41 
8.13 
7.70 
9.38 
9.07 
8.17 
304 
51 
47 
57 
26 
23 
32 
15 
19 
34 
9.15 
9.75 
9.17 
8.46 
9.88 
9.13 
8.66 
9.73 
9.58 
8.78 
9.92 
10.00 
9.91 
9.77 
10.00 
9.91 
9.87 
10.00 
10.00 
9.94 
9.71 
9.94 
9.78 
9.34 
9.92 
9.67 
9.50 
9.87 
10.00 
9.69 
South Dakota 
District 1 
2 
3 
4 
5 
6 
7 
8 
9 
230 
16 
39 
48 
16 
23 
47 
5 
11 
1 * 
6.73 
8.78 
6.73 
6.39 
7.81 
6.72 
5.90 
8.50 
7.45 
6.32 
8.13 
10.12 
8.17 
7.82 
9.44 
8.30 
7.27 
10.00 
9.23 
7.12 
— = 
7.55 
9.75 
7.57 
7.25 
8.75 
7.63 
6.68 
9.20 
8.27 
6.88 
190 
14 
31 
45 
7 
17 
38 
4 
14 
20 
8.32 
9.79 
8.48 
8.01 
9.43 
8.88 
7.32 
9.00 
9.21 
8.02 
9.47 
10.14 
9.42 
9.51 
10.00 
9.47 
9.21 
10.00 
10.00 
8.85 
9.02 
9.86 
8.98 
8.92 
9.71 
9.35 
8.47 
9.75 
9.57 
8.70 
