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§ F E D E R A L R s t a t i s t i c a l ' • :*4L E S E R V E r e l e a s e • OF Ixl For immediate r e l e a s e G. 10 J u n e 1 3 , 1973 INTEREST RATES CHARGED ON SELECTED TYPES OF BANK LOANS Tvpe of Loan 1 - : I n t e r e s t r a t e ( p e r c e n t p e r annum) January April May ° 1972 1973 . 1973 Small s h o r t - t e r m n o n i n s t a l m e n t 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 , year or l e s s m a t u r i t y ) | Feeder c a t t l e operations j Other f a r m s p r o d u c t ion i. o p e r a t i n g e x p e n s e si • •' I • is • 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 m o n t h s ) M o b i l e homes (84 m o n t h s ) O t h e r c o n s u m e r 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 Note- 8.10 7.31 7.95 7. 55 8,.03 63 8..01 8.06 10. 26 10. 94 10 .04 10,.64 10.05 10.84 12. 57 12,.50 12 12 ,.74 17. 11 12,.74 17,.19 12 .78 17.22 ft . 8.13 *48 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 b a s e d on a s u r v e y sss 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 volume of l o a n s In t h e 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/ 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