Word: paymentsâ
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Through its district banks the Farm Loan Board had outstanding advances of $1,171,000,000 to 408,000 rural borrowers on Nov. 30. About 23½% of these debtors, owing $275,450,000, were delinquent in their payments???11½% over 90 days, 12% under 90 days. Last year delinquencies ran about 10%. That about three out of four farmers had kept up their Farm Loan payments Commissioner Bestor thought was "an excellent showing under the circumstances." To rebut the notion that the Farm Loan Board was a harsh moneylender, he declared that only 3,848 loans ?less than...
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