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FEDERAL RESERVE re l e a s e REVISED COPY For immediate r e l e a s e G. 10 INTEREST RATES CHARGED ON SELECTED TYPES OF BANK LOANS Type of Loan Small s h o r t - t e r m noninstalment l o a n s t o b u s i n e s s e s 1/ « Farm p r o d u c t i o n l o a n s (one y e a r or l e s s m a t u r i t y ) , ' . Feeder c a t t l e operations Other farm production • operating expenses V onsumer 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 hdmes (84 m o n t h s ) Other consumer goods (24 m o n t h s ) Other personal e x p e n d i t u r e s (12 m o n t h s ) Credit card plans Interest January 1972 r a t e (pejr c e n t p e r a n n u m ) F e b r u a r y ' Ma'rch 1973 .1973- j 7.71 r 7.83 7 .55 •7 . 7 0 7. . 7 4 : 7, 63 ,| 7,. 9 0 7 .97 10.,05 10.. 7 6 1 0 ., 0 4 10.. 6 7 7.31 • * • 10. , 2 6 1 0 ., 9 4 ' 1 2 . 57 1 2 . 51 1 2 . ,48 k .7.4 1 7 . 11 1 2 . 76 1 7 . 16 • 1 2 .> 1 17. 1 9 r N o t e r T h e i n t e r e s t r a t e d s h o w n on t h 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 b y t h e F e d e r a l ' - R e s e 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 o a n s made d u r i n g tfh'e f i r s t f u l l c a l e n d a r w e e k of e a c h m o n t h b y a 1 s a m p l e of 3 7 0 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 . T h e "most.. commonV r a t e Lsr ' d e f i n e d a s t h e r a t e c h a r g e d on t h e l 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 i e o g o r y d u r i n g t h e week 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 ' h 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. r , V Loans of $10,000 to $25,000 maturing i n one y e a r or less.
