Average interest rates paid by farmers on their debts before refinancing with the Federal land banks and Land Bank Commissioner Average interest rates paid by farmers on their debts before refinancing with the Federal land banks and Land Bank Commissioner-Continued Farm Credit Administration, Division of Finance and Research, Aug. 5, 1937. Mr. Ludlow. Do you have any rigid rule of foreclosure, or do you try to judge each case on its merits? Mr. MYERS. We judge each case on its merits, and in general we do not foreclose on deserving borrowers, who are doing their honest best and who are temporarily unable to meet their payments because of conditions over which they have no control. NUMBER OF DELINQUENCIES AND FORECLOSURES Mr. WIGGLESWORTH. Governor, would you include a statement in the record showing the number and amount of delinquencies in each case; also the number of foreclosures and the amount of property that you now hold? Mr. MYERS. By years? Mr. WIGGLESWORTH. By States, if it does not involve a great amount of work. Mr. MYERS. All right. We will submit that for the record. Federal land banks CONDITION OF FEDERAL LAND-BANK LOANS OUTSTANDING, JUNE 30, 1936 Total loans outstanding Loans with all matured install ments paid by borrowers Loans with all matured install. Delinquent loans including loans ments extended, but with no with delinquent installments delinquency in such extensions and/or delinquent extensions |