14 
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). 
South Atlantic— Con. 
Georgia 
241 
16 
28 
21 
54 
38 
27 
20 
23 
14 
8.01 
7.94 
7.96 
8.00 
7.98 
7.92 
7.96 
8.15 
8.35 
7.93 
8.56 
8.25 
8.43 
8.19 
8.67 
8.58 
8.78 
8.35 
9.04 
8.29 
8.28 
8.00 
8.21 
8.10 
8.37 
8.25 
8.33 
8.20 
8.78 
7.93 
126 
6 
13 
11 
25 
21 
13 
12 
16 
9 
8.10 
7.83 
8.15 
8.00 
7.96 
8.00 
8.62 
8.25 
8.12 
8.00 
8.75 
8.33 
8.46 
8.18 
8.80 
8.86 
9.08 
8.42 
9.00 
8.44 
8.40 
8.00 
2 
8.23 
3 
8.09 
4 
8.48 
5 
8.33 
6 
8.77 
7 
8.33 
8 
8.62 
9 
8.44 
46 
7 
8 
24 
7 
8.17 
8.57 
8.25 
7.92 
8.57 
8.96 
9.43 
9.75 
8.42 
9.43 
8.59 
9.14 
9.38 
8.12 
8.71 
17 
5 
1 
8 
3 
8.47 
8.80 
10.00 
8.00 
8.67 
8.82 
9.20 
10.00 
8.25 
9.33 
8.65 
District 1 
9.20 
3 
10.00 
5 
8.00 
8 
9.00 
East South Central... 
608 
7.21 
7.79 
7.57 
241 
7.61 
7.96 
7.80 
134 
18 
28 
4 
35 
4 
16 
14 
14 
1 
6.18 
6.22 
6.07 
6.00 
5.93 
6.00 
6.75 
6.43 
6.14 
6.00 
6.72 
7.00 
6.54 
6.00 
6.31 
6.50 
7.38 
7.14 
6.79 
8.00 
6.45 
6.56 
6.27 
6.00 
6.15 
6.25 
7.12 
6.86 
6.46 
6.00 
33 
1 
6 
2 
14 
1 
2 
2 
5 
6.30 
6.00 
6.17 
6.00 
6.07 
8.00 
7.00 
6.00 
6.80 
6.61 
6.00 
6.50 
6.00 
6.21 
8.00 
9.00 
7.00 
6.80 
6.47 
6.00 
2 
3 
5 
6 
7 
7a 
8 
9 
6.33 
6.00 
6.11 
8.00 
8.00 
7.00 
6.80 
Tennessee 
171 
28 
29 
14 
22 
29 
8 
16 
10 
15 
6.93 
7.32 
6.48 
6.64 
7.00 
6.52 
6.50 
7.50 
7.80 
7.07 
7.85 
8.07 
7.48 
7.57 
8.82 
7.41 
7.25 
7.88 
8.00 
8.00 
7.51 
7.82 
6.91 
7.21 
8.05 
7.24 
7.12 
7.81 
8.00 
7.67 
56 
12 
10 
2 
7 
12 
3 
4 
4 
2 
7.21 
7.33 
6.80 
7.00 
7.43 
6.67 
7.33 
8.00 
8.00 
8.00 
7.98 
8.17 
7.90 
8.00 
8.86 
7.17 
8.00 
8.00 
8.00 
9.00 
7.64 
District 1 
2 
3.....'.*.". 
4 
5 
G 
7 
8 
7.83 
7.30 
7.50 
8.43 
7.00 
7.67 
8.00 
8.00 
8.00 
Alabama 
149 
10 
17 
19 
16 
12 
12 
20 
5 
15 
23 
7.95 
7.80 
8.00 
7.79 
8.00 
8.00 
7.92 
7.95 
8.00 
8.00 
8.00 
8.40 
8.20 
8.41 
8.84 
8.12 
8.00 
8.17 
9.00 
8.00 
8.73 
8.00 
8.18 
8.00 
8.24 
8.42 
8.00 
8.00 
8.17 
8.45 
8.00 
8.27 
8.00 
68 
5 
8 
3 
5 
9 
7 
9 
1 
8 
13 
8.12 
8.40 
8.00 
8.67 
8.40 
8.00 
8.00 
8.22 
8.00 
8.00 
8.00 
8.50 
8.40 
8.00 
10.33 
8.80 
8.00 
8.29 
9.33 
8.00 
8.88 
8.00 
8.29 
District 1 
2 
2a 
3 
4 
5 
G 
7 
8 
9 
8.40 
8.00 
9.33 
8.40 
8.00 
8.29 
&oo 
8.25 
8.00 
154 
18 
26 
10 
12 
20 
16 
21 
15 
16 
7.70 
8.00 
7.46 
8.00 
7.67 
7.90 
7.75 
7.52 
8.00 
7.25 
8.06 
8.11 
8.15 
8.00 
8.00 
8.00 
8.00 
8.10 
8.00 
8.06 
7.99 
8.06 
7.92 
8.00 
8.00 
8.00 
8.00 
8.10 
8.00 
7.88 
84 
16 
9 
3 
12 
9 
10 
10 
9 
6 
7.96 
8.00 
7.78 
8.00 
7.83 
7.78 
8.00 
8.20 
8.00 
7.83 
8.05 
8.12 
8.00 
8.00 
8.00 
8.00 
8.00 
8.20 
8.00 
8.00 
8.04 
District 1 
2 
3 
4 
5 
6 
7 
8 
9 
8.06 
8.00 
8.00 
8.00 
8.00 
8.00 
8.20 
8.00 
8". 00 
"West South Central. . 
581 
8.46 
9.37 
9.02 
283 
9.08 
9.72 
9.44 
Arkansas 
125 
21 
17 
17 
19 
6 
15 
14 
9 
7 
8.63 
8.14 
8.76 
8.71 
8.74 
8.67 
8.13 
9.21 
9.33 
8.29 
9.70 
9.10 
9.65 
9.88 
9.89 
10.00 
9.60 
9.86 
10.00 
10.00 
9.34 
8.60 
9.38 
9.56 
9.47 
9.67 
9.00 
9.82 
9.89 
9.43 
39 
3 
5 
6 
4 
2 
6 
6 
2 
5 
9.23 
9.33 
9.20 
9.00 
9.50 
10.00 
8.67 
9.67 
10.00 
8.80 
9.85 
10.00 
10.00 
9.33 
10.00 
10.00 
9.67 
10.00 
10.00 
10.00 
9.59 
District 1 
2 
3 
4 
5 
6 
7 
8 
9 
9.33 
9.80 
9.17 
9.50 
10.00 
9.17 
10.00 
10.00 
9.80 
