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F E D E R 5 t a t A L R is tic a I E S E R V E r e l e a s e F o r immediate r e l e a s e J u l y 19, 1972 INTEREST RATES CHARGED ON SELECTED TYPES OF BANK LOANS Type of Loan j I n t e r e s t r a t e - ( p e r c e n t p e r annum) June May 'January 1972 1972 1972 Small s t i 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 JL/ 7.31 7.28 7.23 Farnji 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 j o p e r a t i n g expenses j ; 7.55 7. 35 7 . 44 7 63 7. 58 7. 73 10.26 10.94 12.57 9. 96 10. 73 12. ,44 9.,98 10..49 12..38 12 .74 17.11 12. ,63 ' 17.,-24 . - • y 12,.65 17,. 2 5 Consumer i n s t a l m e n t c r e d i t £ o r ^ ^ New a u t o m o b i l e s (36 jmonth^) M o b i l e homes (84 m o n t h s ) O t h e r consumer goods (24 m o n t h s ) Other personal expenditures '"*'(1:2 m o n t h s ) ' | C r e d i t card plans j I * * : i n t h e F e d e r a l R e s e r v e Board s R e g u l a t i o n 1/ . , Loans of $ 1 0 , 0 0 0 t o $ 2 5 , 0 0 0 m a t u r i n g i n one y e a r o r l e s s .
@FedFRASER