Show INTEREST ON OH FEDERAL LAND BAN LOANS TO REMAIN 4 the federal land bank of berk a ley will voluntarily reduce the con 1 tract interest rates made on in loans a through national farm loan associations assi to four per cent effective june 30 1144 according cor dwig to WJ willard D ellis president this will 11 be of f particular interest to 4 utah land bank an borrowers said aid he to know knew that a they are am assured ot of em continued how ow rates of 0 interest during the life of t their ew loans loam interest on loans joan outstanding sta of 66 will in be a a affected by this change in utah arizone arizona ali nevada and california californi th this action liy by the land bank now equalizes equa lires all interest rates prior to june une 1935 most of the loans ans were made for higher rates some at five and sue six P per er cent but after that date practically all loans loam were made at four per par cent the five and six per cent loans idere were low cost loans when ashen made they m reflected the cost of money in the bond market k S since the then the F federal erid lan land 1 banta soi he have refinance ed the their highest rate late bonds and the voluntary reduction by th the a banks of the higher interest rates on im the their older loans loam is simply passing on to thew their borrowers the savings made |