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392 BOARD OF GOVERNORS • f the FEDERAL RESERVE SYSTEM washington A D D R E S S OFFICIAL C O R R E S P O N D E N C E TO THE BOARD ******* August 26, 1936. 3-1169. SUBJECT: Rates of interest paid on deposits and charged on loans. Dear Sir: In order that the Board of Governors of the Federal Reserve System may have current information as to rates of interest "being paid "by member banks on savings and time deposits and rates of interest or discount "being charged "by member "banks on various classes of loans, please request each member bank in your district to send you a report as of October 1, 1936, on Form F. R* 249, a copy of which is attached and additional copies of which have been sent to you under separate cover. For this purpose, please send two copies of the form of report to each member bank with an appropriate letter requesting that the report be submitted promptly after October 1, It is also requested that tabulations bo made of the rates reported by member banks, in accordance with the forme of the two summary tables also attached hereto, for each of the following groins of banks (if any) in your district: 1. Central Reserve city member banks. 2. Reserve city banks in each Reserve city. B-ii69 - 2 3. Banks in each. non-Reserve city having a population of 100,000 or moro (according to the 1930 census), 4, Other country member tonics in each State, or part of State, in the district. The summary tabulations should be forwarded promptly to the Board, The reports received from member "banks may "bo retained, at least for the present, in the files of the Federal Reserve bank. Very truly yours, Chester Morrill, Secretary, Inclosure, TO ALL PRESIDENTS 3 9 3 SUMMAHY OF BATES 0? ITOSHEST PAYABLE PIT DEPOSITS, OCTOBER 1, 1936. (Class of member banks) (City and/or State) (F. H. district number) Number of banks in group Number of bantes reporting following rates* Class of deposit and Size of account** | 1 * Show each rate which is reported by one or more banks. ** The various sizes of accounts to tiiich the different rates apply, as reported by one or more banks in the group, should be listed under each class of deposits. (B-ll69a) i SUMMARY OF BATES OF IITTEBEST CHARGED 0% LOANS OH OCTOBER X, 1936 Class of member banks) (City and/or State) g g g (F.R. District number) Number of banks in group Number of banks reporting following rates* Class of loan Commercial and industrial loans High Low Charged greatest number of borrowers Charged on largest volume of loans Agricultural loans High Low Charged greatest number of borrowers Charged on largest volume of loans Real Estate Loans: Farmreal estate High Low Charged greatest number of borrowers Charged on largest volume of loans Urban residential properties High Low Charged greatest number of borrowers Charged on largest volume of loans Urban commercial properties High Low Charged greatest number of borrowers Charged on largest volume of loans Other Loans: Payable in monthly installments High Low Charged greatest number of borrowers Charged on largest volume of loans All other High Low Charged greatest number of borrowers Charged on largest volume of loans •The number of banks in the group reporting the various rates as "high", "low", "charged greatest number of borrowers", and "charged on largest volume of loans", be shown under each class of loans, Digitized should for FRASER http://fraser.stlouisfed.org/ B-ll6gb Federal Reserve Bank of St. Louis
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