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FEDERAL RESERVE statistical re I e a s e G.10: For immediate - r e l e a s e S e p t e m b e r 2 0 , 1972 INTEREST RATES CHARGED ON SELECTED TYPES OF BANK LOANS Type o f Loan .Sm'all s h o T ^ t - t e r m n o n i n s t a l m e n t loans to businesses 1/ >. Farm p r o d u c t i o n l o a n s ( o n e • " year or l e s s m a t u r i t y ) Feeder c a t t l e operations Other farm production ; o p e r a t i n g expenses Consumer' i n s t a l m e n t c r e d i t f o r : New a u t o m o b i l e s ( 3 6 m o n t h s ) ! M o b i l e homes (84 m o n t h s ) Other consumer goods (24 m o n t h s ) Other p e r s o n a l e x p e n d i t u r e s (12 m o n t h s ) . ; \ Credit card plans ' . I n t e r e s t r a t e ( p e r c e n t p e r annum) -/^January ' v j u l y 2/ ' August 1972 1972 1972 7.3 7.34 7.32 >7.55 j 7.63 7.34 7.54 7.55 7.58 10.26 10.94 4 9,. 9 7 r 10.. 7 7 r ^•ir 12.74 17.11 10,. 0 2 10.. 7 1 12. 3 9 r 12. ,47 12. 73r . 1 7 . 25 12. 72 1 7 . 25 Note: The i n t e r e s t r a t e s shown on t l i s r e l e a s e a r e b a s e d on a s u r v e y c o n d u c t e d j o i n t l y by t h e F e d e r a l Res r v e S y s t e m and t h e F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a t i o n of l p a n s made d u r i n g . t h e f i r s t - f u l l c a l e n d a r week of e a c h month by a s a m p l e of 370 i n s u r e d c o m m e r c i a l b a n k s . They r e p r e s e n t s i m p l e u n w e i g h t e d a v e r a g e s of t h e " m o s t common" e f f e c t i v e a n n u a l r a t e r e p o r t e d by r e s p o n d e n t s i n e a c h l o a n c a t e g o r y . The " m o s t common" r a t e i s d e f i n e d a s t h ^ r a t e c h a r g e d on t h e l j a r g e s t d o l l a r v o l u m e of l o a n s i n t h e p a r t i c u l a r c a t e g o r y d u r i n g t h e week j c o v e r e d i n , t h e s u r v e y . Consumer i n s t a l m e n t l o a n r a t e s a r e r e p o r t e d on a T r u t h - i n - L e n d i n g b a s i s a s s p e c i f i e d , i n t h e F e d e r a l R e s e r v e B o a r d ' s R e g u l a t i o n Z. 1/ 2/ L o a n s of $ 1 0 , 0 0 0 t o $ 2 5 , 0 0 0 m a t u r i n g i n o n e y e a r o r l e s s . R e v i s i o n s r e f l e c t r e p o r t i n g e r r o r s f r o m two r e s p o n d e n t b a n k s . r - Revised. ,
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