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FEDERAL RESER VE s t a t i s t i c a l V c.ia r e l e a s e A p r i l 18, 1972 - The a t t a c h e d t a b l e p r o v i d e s . d a t a on t h e l e v e l of bank r a t e s , c h a r g e d on s m a l l l o a n s t o b u s i n e s s e s and l o a n s t o f a r m e r s and Consumers. The S t a t i s t i c s , w h i c h w e r e g a t h e r e d a t t h e r e q u e s t of t h e Committee on I n t e r e s t and D i v i d e n d s , were c o m p i l e d f r o m s u r v e y f o r m s s u b m i t t e d b y , 2 9 5 ' m e m b e r c o m m e r c i a l b a n k s of t h e F e d e r a l R e s e r v e System and 75 nonmember b a n k s s u p e r v i s e d by 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 Corporation]. S u r v e y r e p o r t s _ c a % g j ^ L _ t h g _ j ^ e e k s _ e n d e d , J a n u a r y 15 and F e b r u a r y 12, 1972. F u t u r e d a t a w i l l be r e l e a s e d on a m o n t h l y b a s i s . Owing t o c o n c e p t u a l and c o v e r a g e d i f f e r e n c e s , t h e r a t e a v e r a g e s r e l e a s e d f o r t h i s s u r v e y a r e n o t c o m p a r a b l e w i t h t h o s e d e r i v e d f r o m two e x p e r i m e n t a l s u r v e y s which t h e F e d e r a l R e s e r v e System c o n d u c t e d a t a sample of member b a n k s l a s t A u g u s t . j P e r s o n s d e s i r i n g t o r e c e i v e t h i s s t a t i s t i c a l r e l e a s e oiTa r e g u l a r b a s i s i n the f u t u r e should c o n t a c t P u b l i c a t i o n s S e r v i c e s , D i v i s i o n of A d m i n i s t r a t i v e S e r v i c e s , Board of g o v e r n o r s of t h e F e d e r a l • R e s e r v e System, W a s h i n g t o n , D. C. 20551. . J flyV. <*• A I 1 ! L. <9ZZ } « U 6tu>t>r y % . )'4Se. Lr'of cow'. FEDERAL S i l l l l We; s t a t i s t i c a l r in | ; ; ' ; INTEREST RATES CHARGED ON SELECTED TYPES OF BANK LOANS ' Type of l o a n . * . r e l e a s e For immediate: r e l e a s e A p r i l 18, 1972 I : RESERVE Small s h o r t - t e l n o ^ n s t a l ^ l o a n s t o b u s i n e s s e s 1/ I n t e r e s t r a t e ( p e r c e # p e r annum) January February 1972 1972 • 7.31 - 7.19 Farm p r o d u c t i o n l o a n s (one y e a r ; or less maturity Feeder cattle 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 (36 months) ; Mobile homes i(84 months) ^ Other consumer goods (24 months) Other p e r s o n a l e x p e n d i t u r e s (12 months) C r e d i t card p l a n s 7.55 7.46 7.63 7.62 10.26 1Q.94 12.57 10.20 10.88 12.50 , ' 12.74 17.11 12.72 17.13 N o t e : . The i n t e r e s t r a t e s shown on t h i s r e l e a s e a r e based on a s u r v e y conducted j o i n t l y by t h e F e d e r a l Reserve System 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 t h e f i r s t f u l l c a l e n d a r week o f each month _by a sample of 370 i n s u r e d commercial b a n k s . They r e p r e s e n t Simple 'unweighted - a v e r a g e s of t h e "most coipmon" 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 each l o a n c a t e g o r y . The'toost common" r a t e i s d e f i n e d as t h e r a t e charged on t h e j a r g e s t d o l l a r volume of l o a n s i n the- 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 covered i n t h e s u r v e y . Consumer i n s t a l m e n t loan r a t e s a r e reported-^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 Reserve B o a r d ' s R e g u l a t i o n Z. 1/ poans of $10,000 to $25,000 maturing in one year % less.