20 
BULLETIN 1047, U. S. DEPARTMENT OE AGRICULTURE. 
Table 5. — Prevailing rates of interest on first-mortgage farm loans: Per cent of banks 
reporting the various rates, March, 1921, by States. a 
Geographic division 
and State. 
5 per 
cent. 
6 per 
cent. 
7 per 
cent. 
8 per 
cent. 
9 per 
cent. 
10 per j 11 per 
cent. cent. 
12 per 
cent and 
over. 
United States... 
0.7 
33.6 
25.8 
26.7 
3.5 
9.6 1 0.0 
0.1 
New England 
Maine 
9.0 
80.6 
71.1 
42.9 
87.9 
86.6 
100.0 
97.4 
9.0 
23.6 
1.4 
5.3 

!:::::■:::: 
New Hampshire 
57.1 
3.0 
3.0 
Vermont 
9.1 
9.0 
i 
.... 
1 
Massachusetts 
1.4 
1 
Rhode Island 
! 1 
Connecticut 
2.6 

Middle Atlantic 
2.7 
2.8 
97.1 
97.2 
100.0 
96.6 
.2 
1 
i 
New York 
New Jersey 
Pennsylvania 
3.0 
.4 
1 

East North Central. . . 
1.1 
52.8 
59.1 
45.7 
56.9 
33.5 
61.9 
43.6 
39.2 
47.3 
41.6 
66.5 
31.0 
2.5 
1.7 
7.0 
1 
Ohio 
1 

Indiana 
I 
Illinois 
1.5 
Michigan 
Wisconsin 
3.4 
3.7 
West North Central. . 
.1 
25.8 
29.8 
48.6 
23.5 
1.8 
20.5 
30.9 
16.5 
36.2 
46.2 
42.1 
36.8 
14.3 
33.9 
34.9 
37.2 
27.0 
21.3 
8.6 
39.7 
40.3 
21.3 
18.1 
40.8 
4.7 
1.5 
6.2 
1.2 
. ...I 
Minnesota 
Iowa 
.7 

Missouri 

North Dakota . . 
24.2 
5.2 
4.4 
2.d 
19.4 
19.1 
11.7 
2.9 
1 
South Dakota 
Nebraska. 
I 
Kansas 
i 
South Atlantic 
38.0 
100.0 
100.0 
100.0 
88.2 
94.1 
92.0 
2.4 
51.9 
3.2 
M 
.4 
Delaware . . . 
Maryland 
District of Columbia 
Virginia 
5.4 
5.9 
4.0 
1.1 
1.7 
6.4 
West Virginia 
North Carolina 
4.0 
98.3 
80.9 
63.1 
South Carolina 
• 6 
8 7 
21.7 
Georgia 
7.5 
15.2 
1.2 
Florida 
East South Central . . . 
22.2 
68.7 
25.1 
6.9 
17.2 
8.2 
66.5 
13.4 
61.4 
90.6 
94.8 
1.5 
.7 
.6 
3.4 
1.3 
2.6 
.3 
Kentucky 
Tennessee . . . 
4.7 
4.7 
.7 
Alabama 
:::::::::: 
1.3 
Mississippi 
3.2 
West South Central . . 
.2 
1.5 
2.9 
34.9 
25.6 
83.4 
22.7 
39.9 
10.2 
12.8 
8.3 
11.4 
8.1 
50.3 
61.6 
8.3 
54.1 
49.8 
Louisiana 
Oklahoma... 
.5 
4.3 
.4 
7.0 
1.8 
Texas 

Mountain 
.6 
.6 
3.3 
1.8 
5.6 
34.5 
13.6 
45.1 
32.7 
50.4 
21.2 
47.6 
53.7 
75.0 
11.9 
13.6 
7.0 
18-2 
10.7 
3.0 
4.8 
19.5 
12.5 
48.9 
70.4 
42.3 
45.5 
29.8 
69.8 
47.6 
26.8 
.2 
.6 
Montana 
Tdaho 
Wyoming | 
1.8 
1.8 
Colorado 
1.7 
7.4 
3.0 
New Mexico... 
3.0 
Arizona ' 
Utah 
Nevada 
12.5 
Pacific 
2.7 
47.0 
27.4 
13.4 
69.3 
44.0 
57.3 
72.3 
26.7 
1.8 
4.0 
3.0 
4.5 
11.3 
7.1 
.4 
Washington 
3.6 
3.6 
California 
a Rates involving fractions of 1 per cent are approximated to the nearest unit. 
