Full text of Federal Home Loan Bank Review. Statistical Supplement : 1941

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

Statistical

Ttlatch




Supplement

ig^i

TABLE OF CONTENTS
Foreword

Page
1

Table 1.—Indexes of residential construction and selected influencing factors:
Residential construction
Nonfarm foreclosures
Rental index
Industrial production
Manufacturing employment
National income payments
Wholesale building material prices
Wholesale lumber prices

2
2
2
2
2
3
3
3

Table 2.—Indexes of building costs for standard 6-room frame house

3

Table 3.—Cost of building the standard house in representative cities
Table 4.—New residential construction in all urban areas, 1936-1940, by FHLB District and State.

4-5
6

Table 5.—New private 1 and 2-famity dwellings provided in all urban areas, 1938-1940, by FHLB
District and State
Table 6.—New residential construction in all urban areas during 1940, by months and by FHLB
District and State

8-9

Table 7.—Summary of new residential construction in all urban areas of the United States, 19301940

10

Table 8.—Summary of new residential construction in all urban areas of the United States during
1940, by months

10

Table 9.—Summary of new residential construction in all nonfarm areas of the United States, 19301940

10

Table 10.—New home-mortgage loans by all savings and loan associations, by purpose and by class
of association, 1936-1940

11

7

Table 11.—New home-mortgage loans by all savings and loan associations, by FHLB District and
class of association, 1936-1940
12-15
Table 12.—Nonfarm mortgages recorded, by type of mortgagee, 1939-1940

16

Table 13.—Savings and loan nonfarm mortgages recorded, by FHLB District and State, 1939-1940. _ 17-19
Table 14.—Nonfarm real estate foreclosures in the United States, 1930-1940

19

Table 15.—Summary of Federal Home Loan Bank advances for the United States, by months, 19321940
20
Table 16.—Balance of advances outstanding for each Federal Home Loan Bank, by months, 19321940
20-21
Explanatory notes




22-24

Foreword
•

T H I S Statistical Supplement to the FEDERAL H O M E LOAN BANK R E V I E W is
designed to bring together, in a convenient form, a vast quantity of pertinent
reference material bearing upon residential construction and home-financing activities.
The Supplement provides statistical information covering the period from 1930
to 1940 including all revisions made up to the beginning of the current year. The
indexes are presented on a base of 1935-1939 = 100, and thus conform with the
recommendations of the Central Statistical Board to place all indexes on this base to
facilitate comparisons between various statistical series. In addition, space is
provided on each page for inserting 1941 data as such material is made available
in the regular tables appearing in the Monthly Survey section of the R E V I E W .
Because this is the first attempt to compile a statistical handbook in this
field, it is only natural that there is ample room for improvement. In the interest
of perfecting future supplements, the Editor of the R E V I E W will welcome all comments and suggestions which will make these tables more practical for use by
executives and economists in the field of residential construction and home-mortgage
finance.
The presentation of this Supplement would not have been possible without the
full cooperation of the Division of Research and Statistics of the Federal Home Loan
Bank Board and the Bureau of Labor Statistics in the U. S. Department of Labor,
and their contribution is sincerely appreciated.
Explanatory notes on pages 22-24 give a description of the source, coverage,
method of computation, and application of the statistical series included on the
following pages.




MARCH

1941.

Table 7.—Ind exes

of residential construction and selected influencing factors
[1935-1939=100]

Index and year

Annual j Jan.

Feb'.

Mar.

Apr.

June

July

Aug.

Sept.

Oct.

Nov.

RESIDENTIAL CONSTRUCTION'

88,

89.2 98.2
93.6
99.4 99.1
96.8
74.4 100.0 94.2
91.2
25.7
34.5
23.4 40.9
30.1
16.1 16.2
14
20.3
15.2
12.2
17.5
15.8 16,
11.7
39
45.4 25.4
38.1
27.3
67
66.9
90.5
65.0
60.1
96.6 131.5 124.9 111
90.1
77.5
113.9
97.4 95
93.7
160.0 180.6 152.5 145.9 119
178.2 147.9 180.2 157.9 168,

1930.
1931.
1932.
1933.
1934.
1935.
1936.
1937.
1938.
1939.
1940.
1941.

89.
71.
69.
18,
21,
23.
25.
18,
15.
46,
51.
132,
110,
76,
93 <
109.
119.
148,
153.
134.8 185.

93.6
88
96.9
84-9
51.7
60
70.8
64.2
14.9
23
21.9
20.1
28.8
26
20.3
14-7
21.2
17
18.5
23.4
59.7
47
52.3
60.2
98.0
94.6
103.2
98.0
70.3
78.6
82.2
68.9
137.5 140.8 122.4 129.0
140.4
184.8
138.8 193.4
185.1 195 ..2 236.8 173.1

NONFARM FORECLOSURES
95.6
123.4
158.4
160.8
146.
154.1 144.8 144.0 138,
145.
170.9 157.2 159.1 156,
118.
121.2 125.4 119.2 120,
96,
106.5 106.4 106.5 105.
81,
81.5
75.
83.1
83.4
64.
68.4 70.5
69.4 68,
48.
52.1 49-5
48.0 48.4

1930.
1931.
1932.
1933.
193419351936.
1937.
1938.
1939.
1940.
1941.

139.3 140.6 142.0 145.5 144.9 155.7 158.4
152.3 U 8 . 7 144.2 143.6 129.4 140.4 122.9
112.9 113.8 121.9 116.6 122.7 115.6 108.9
85.9
101.6 105.5 100.8
85.5
81.8
90.1
78.8 78.4 70.9
73.5
66.7
70.1
70.7
63.8
55.5
58.3
70.3
62.0
65.7
66.3
48.0
48.8
44.2
47.4
50.9
48.5
47.9

RENTAL INDEX (N.I.C.B.)
1930.
1931.
1932.
1933.
193419351936.
1937.
1938.
1939.
1940.
1941-

109.7
100.9
88.7
78.3
79.4
86.2
95.5
106.0
106.6
105.8
106.5

112.3
105.3
94.5
81.4
76.8
82.0
90.6
100.7
108.1
105.7
106.1

111.9
104.5
93.4
80.2
77.0
82.6
90.8
101.5
107.6
105.5
106.1

91.
75.
58.
69.
75.
87.
103.
113.
88.
108.
122.

100.
78.
65.
58.
72.
83.
95.
116.
86.
102.
122.

100.
79.
63.
57.
75.

111.7
103.7
92.8
79.2
77
83
91
103
107
105
106.1

111.3
103.1
91.4
78.4
78.1
84.2
93.0
104.4
106.9
105.7
106.3

111.0
102.3
90.1
77.8
78.7
85.3
94-5
105.5
106.6
105.7
106.3

110.2
101.2
88.7
77.7
79.2
85.7
95.1
106.1
106.3
105.4
106.4

109.2
100.5
87.9
77.5
79.3
86.4
95.7
106.8
106.1
105.8
106-4

108.5
99.9
87.3
77.5
80.2
87.6
97.2
107.6
106.1
105.8
106.5

108.7
98.9
86.4
78.0
80.9
88.4
98.4
108.6
106.1
106.0
106.6

107.
98.
85.
77,
81,
89.
99.
109.
106,
106.
107.

107,
97.
84,
77,
81,
89.
99.
109.
105.
106.
107.

81.
62.
54.
79.
85.
94.
120.
84.
101.
112.

98.
80.
58.
58.
80.
82.
99.
120.
82.
97.
111.

96.
80.
56.
68..
80.
82.
101.
121.
80.
97.
114.

93.
78.
5478.
79.
84.
103.
119.
81.
102.
121.

89.
76.
53.
86.
73.
84.
105.
120.
86.
104.
121.

87.
74.
54.
82.
72.
87.
107.
120.
90.
104.
121.

85.
70.
58.
77.
70.
89.
108.
115.
92.
113125.

83.
68.
60.
73.
71.
93.
109.
107.
95.
121.
129.

81
67.
60.
69.
72.
94113.
95.
100.
124.
132.

INDUSTRIAL PRODUCTION
1930.
1931.
1932.
193319341935.
1936.
1937.
1938.
1939.
1940.
1941.

85.
92.
117.
84.
101.
116,

MANUFACTURING EMPLOYMENT
1930.
1931.
1932.
1933.
19341935.
1936.
1937.
1938.
1939.
1940.
1941.

2




95.2 103.5 102.0 101.2 100.5
98.7
95.2
99.5
91.9
90.5
88.3
84.0
80.5
84.4 83.8
84.0
81.9
78.2
79.9
83.8 83.1
75.2
72.4 70.1 67.9
6
68.3 73.7 73.9
66.0
66.
64.2 64.3
66.9
67.2
64.4 66.0
66.7
75.6
80.3
83.4
84-9
69.5 75. 5
84.3
86.8 90.1
83.0
91.8 92.6 92. 6
88.3
90.9
89.6
83.3
85.5
93.0 94.1
91.3
94.3
1
94
93.7
93.5
94.0
93.
93.5
94.8
97.2
96.2 97.0 98.7 100.3 102. 3 103.7 103.8 103.6
102,
104.4
110.3 111.7 113.7 115.0 116.1 116. 3 116.9 115.1 112.1 109.8
111,
91.5
95.4 94.6
93.6
88.9
91.9
89.3 91.0
92,
89.6
92.0
97.1
97.1 97.5
97.3
99.8
99,
96.8 98.5 98.5
98.8
107.0 105.2 104.2 102.9 103.0 104.8 104.8 106.2 107.6 103.1
107,
109.5

86.9
73.9
67.4
82.6
85.8 j
96.2
106.7
105.9
94.9
105.5
116.6

Federal Home Loan Bank Review

Table

7.—Indexes of residential construction and selected influencing factors—Continued
[1935-1939=100]
Index and year

Annual Jan.

Feb.

Mar.

Apr.

May

118.9
100.4
81.9
66.9
79.1
85.3
93.5
107.1
99.9
102.6
110.0

116.3
104.7
79.6
65.1
79.4
85.3
95.2
109.6
99.5
103.7
108.4

115.7
104.3
76.9
65.0
78.5
86,4
96.6
109.1
98.2
101.9
108.1

114.4
98.1
74.8
66.7
80.3
86.5
97.8
109.0
97.0
102.7
108.6

June

July

Aug. Sept.

Oct. Nov.

Dec.

NATIONAL INCOME PAYMENTS
1930
1931
1932
I933

,

I935
1936

,

I938
I939
1940
19^1

i

111.3
94.8
73.7
70.0
80.7
87.9
101.4
107.3
98.9
104.7
111.0

120.4
101.4
83.7
68.2
78.9
84.3
93.0
105.8
100.9
102.2
110.7

112.4
95.4
72.1
68.8
80.4
86.2
113.3
109.5
96.5
103.1
108.7

110.3
93.9
70.2
69.4
80.7
85.7
107.1
109.3
96.5
102.5
109.5

100.3
88.4
79.8
86.0
96.3
95.3
96.7
106.3
100.7
101.1
105.6

105.3 105.0 104.9 104.4 103.2 100.4
93.6 92.1 92.1 91.0 89.3 88.6
82.0 81.7 81.0 79.8 79.1
S3.5

98.8
87.2
77.8

108.6
91.6
69.9
71.2
82.1
88.1
102.0
109.1
97.8
104.4
110.9

107.9
89.4
69.6
73.6
81.0
89.2
102.1
107.0
98.6
105.5
112.4

105.9
87.9
69.5
73.9
82.5
90.8
103.2
106.2
100.2
107.9
113.4

104.0
86.8
68.8
74.3
82.4
91.9
104.6
104.1
100.6
108.5
114.6

102.8
85.6
68.2
76.5
82.6
93.3
107.0
102.6
101.9
110.3
116.7

WHOLESALE BUILDING MATERIAL PRICES'
I93O
1931
1932
I933
1934
1935
1936
1937
1938
1939

97.9 97.3 96.4 95.5 94.7
86.7 86.0 85.0 85.1 84.5
77.7 78.7 78.9 78.9 79.1
90.8 92.3 93.7 94.8 95.6
95.8 95.6 95.1 94.9 95.0
95.4 95.9 96.1 95.8 95.5
97.0 97.3 97.5 97.9 99.9
107.5 107.4 106.5 104.6 103.3
99.8 99.9 100.3 99.6 99.8
100.1 101.5 103.6 103.8 103.8
110.4 110.9
104.2 106.8
109.2

78.3
96.4
94.8
95.7
102.0
102.5
99.9
104.3

77.9
96.7
94.9
95.5
104.2
101,7
100.1
104.1

78.5
96.5
94.8
95.3
107.1
102.2
100.3
104.2

83.4 8B.8
78.4 79.7
98.0 97.1
96.8 97.5
94.7
95.3
95.1
94.5
95.7 95.8 95.8 96.8
108.0 108.5 108.2 108.0
101.8 100.9 100.2 99.6
100.1 99.9 99.9 100.2
103.3 103.3 103.2 103.3

102.8
85.1
73.1
62.3
97.3
89.0
93.5
107.7
98.4
101.9
109.9

101.9
82.4
70.0
62.8
97.2
88.4
94.1
114.9
98.0
102.1
108.8

101.6
$3.2
68.5
64.4
96.2
86.9
95.9
117.9
97.9
101.8
108.5

101.7 99.8 95.3 93.1
91.0 90.3 88.9 89.3 87.1
81.7 77.3
74.8 74.5 74.5 72.6 73.4 73.3
76.3
66.8 66.3
63.0 63.0 62.9
64.1 63.4 61.8 62.7
64.5
66.4 75.1 84.5
91.3 83.8 96.3 98.0
88.4
97.1 95.7 96.1 95.0
91.1 91.6 91.3 1 90.4 90.4
87.1 89.1 92.9 94.8
94.5 93.9 92.8 91.1 92.1
97.8 98.0 97.1 96.3
95.5 96.4 97.4 97.9 101.8
119.0 116.9 113.9 111.4
110.5 109.8 106.8 103.8 ! 99.9
97.0 95.4 93.4 94.0
96.8 97.3 97.9 100.0 101.1
101.7 100.8 99.9 99.8
110.8
104.5
100.3
110.9 111.5 132.3
107.7 106.9 105.6 105.6
109.6 119.3

1941
WHOLESALE LUMBER PRICES
95.5
77.4
65.1
78.7
94.1
91.1
96.9
111.0
97.3
103.8
114.4

1930
1931
1932
I933
1934
1935
1936
1937
1938
1939
1940
1941

127.4 130.8

Table 2.—Indexes of building costs for standard 6-room frame house
[1935-1939=100]
TOTAL COSTS
96.2 94.7 94.9 95.0
104.5 99.6 100.9 102.6
102.8 104.3 103.8 103.5
101.8 101.9 102.0 102.1
103.3 102.3 102.4 102.3

1936.
1937
1938
1939
1940

95.3
104.2
103.1
101.8
102.1

95.6
105.0
102.8
101.6
102.2

95.8
105.8
102.8
101.4
102.1

96.2
106.3
102.7
101.3
102.0

96.8
106.3
102.3
101.6
102.9

97.1
106.0
102.1
102.0
104.6

96.2 96.3 96.5 96.6 97.0 97.4 97.5
104.5 105.9 106.8 107.0 107.2 107.3 107.1
102.6 102.1 101.7 101.5 101.1 100.4 100.4
100.0 99.9 99.7 99.5 99.4 99.3 99.9
101.4 101.3 101.3 101.3 101.2 101.4 101.9

97.8
106.5
100.2
100.6
103.4

96.6
IO6.4
102.3
101.2
102.1

1941
MATERIAL COSTS
1936
1937
1938
1939....*.....
1940

97.1
105.6
101.5
100.1
102.2

95.8
101.0
104.1
100.0
101.4

96,
102.
103.
100,
101.

1941
LABOR COSTS
1936
1937
1938
1939
1940
1941
•.
Statistical Supplement




94.4 92.6 92.6 92.7 93.2
102.3 96.9 97.6 98.9 100.7
105.4 104.7 104.7 105.2 105.2
105.2 105.6 105.9 106.1 105.6
105.4 104.0 104.2 104.1 103.8

93.8
101.7
105.1
105.3
103.7

94.3
103.3
105.3
105.0
103.5

94.7
104.4
105.7
105.1
103.4

94.9
104.7
106.0
104.9
103.6

95.3
104.8
106.1
104.9
104.8

95.8
105.0
105.8
104.8
106.9

96.3
105.0
105.8
104.6
109.8

3




Table 3.—Cost of building the standard house in representative cities
1936

1938

1937

1940

1939

1941

F e d e r a l Home Loan Bank
D i s t r i c t and c i t y
II

in

IV

II

iv

i n

17

No. 1 — Boston:
H a r t f o r d , Conn.
New Haven, Conn
P o r t l a n d , Maine
Boston, M a s s . . •
Manchester, N.H
Providence, R . I
Rutland, Vt

• 5 , 6 3 6 $5,646 1*5,626 15,781 • 6 , 0 4 3 • 6 , 3 3 2 [•6,346 • 6 , 0 7 6 • 5 , 8 2 3 • 5 , 6 5 9 •5,807 • 5 , 8 7 7 • 5 , 8 6 5 • 5 , 8 4 2 • 5 , 8 3 6
5,500 5,535 5,544 5,62a| 5,775 5,903 5,903 5,832 5,771 5,616 5,620 5,617 5,629 5,597 5,673
5,124 5,132 5,245 5,252 5,252 5,711 5,796 5,708 5,543 5,526 5,307 5,259 5,264 5,294 5,254
5,717 5,902 5,984 5,927 6,412 6,653 6,667 6,601 6,191 6,079 6,298 6,384 6,377 6,286 6,336
5,427 5,473 5,478 5,556 5,652 5,796 5,814| 5,601 5,440 5,392 5,431 5,554 5,507 5,427 5,332
5,478 5,496 5,577 5,633 5,768 5,927 5,929 6,000| 5,991 5,933 5,910 5,893 5,938 5,996 5,949
5,329 5,329 5,359 5,3591 5,723 5,795 5,844| 5,846 5,739 5,676 5,547 5,472 5,4721 5,427 5,354j

•5,903 •5,937 »6,019 ^5,881 •6,262
5,793 5,850 5,868 5,869 6,177
5,242! 5,256 5,256 5,277 5,274
6,428 6,490 6,484 6,489 6,667
5,381 5,390 5,390 5,421 5,749
6,007 6,035 6,066 6,122 6,226
5,272 5,321 5,327 5,428 5,443

No. 2 — New York:
Atlantic City, N.J.
Camden, N.J
Newark, N.J
Albany, N.Y
Buffalo, N.Y
White Plains, N.Y.
Utica, N.Y

5,860
5,089
5,077
5,218
5,358
5,482

5,806
5,157
5,093
5,198
5,354
5,535

5,743
5,160
5,100
5,301
5,446
5,546

5,701
5,258
5,117
5,278
5,445
5,546

6,138
5,529
5,346
5,520,
5,573
5,737

6,546
5,873
5,658
5,717
5,836
5,906

6,176
5,872
5,6601
5,821
6,120
6,005

6,056
5,884

5,9341

5,710
5,363
5,877, 5,910
6,143 5,910
5,848; 5,639

5,524

5,907
5,559
5,537
5,557
5,931
5,543
5,660

5,790
5,581
5,539
5,474|
5,763
5,5401
5,726

5,898
5,682
5,416
6,487
5,905
6,042

5,898
5,681
5,379
6,409
5,886
6,005

5,762
5,711
5,392
6,458
5,864
6,193

5,867
5,574i
5,492
5,522j
5,607
5,433
5,706

6,272
5,829
5,654|
.5,602
5,9141
5,538|
5,786

6,262
5,942
5,705
5,619
5,683
5,600
5,826

6,084
5,956
5,708
5,682
5,703
5,580

5,984
5,956
5,713
5,634]
5,713
5,430
5,981

6,174
6,255
5,729
5,661
5,741
5,597
6,014

5,593
5,724
5,422
6,415
5,848
6,299

5,416
5,724
5,485
6,440
5,813
6,324

5,389
6,105
5,583
6,398
5,843
6,346

5,389
5,882
5,595
6,254
5,843
6,323

5,231
5,873
5,676
6,134
5,855
6,343

5,217
5,916
5,816
6,155
5,808
6,071

5,351
6,554
6,309
6,434
5,963
6,525

6,068 5,857 5,668
5,989 5,833 5,854
5,608 5,545 5,513
6,166 5,806 5,834
5,207 5,063 5,006
4,739 4,709 4,676
5,535 5,511 5,443
5,194 5,090 5,074
5,430 5,298 5,273
4,744 4 , 7 4 1
4,776 4,868 4,888
5,249 5,057 5,081
5,056 5,087 5,094

5,663 5,310
5,813 5,655
5,535 5,576
5,788 5,795
4,876 4,822
4 , 6 7 1 4,746
5,529 5,539
5,085 4,372
5,251 4,952
4,719 4,670
4,838 4,783
5,080 4,936
5,142 5,150

5,150
5,737
5,579
5,703
4,792
4,706
5,477
4,855
4,853
4,645
4,721
4,982
5,155

5,190 5,200
5,738 5,741
5,709 5,736
5,740 5,824
4,926 4,921
4,810 4 , 7 5 0
5,477 5,631
5,115 4,998
5,176 5,009
4 , 8 8 1 4,863
4,673 4,730
4,953 4,848
5,191 5,199

5,071 5,332
5,735 5,894
5,673 5,717
6,050 6,156
4,873 4,882
4,750 4,914
4,979
5,010
4,872
4,660
4,819
5,205

4,941
5,197
4,536
4,679
4,949

6,087
6,416
6,073
6,731
5,537
5,659
5,832
5,320
5,246
4,493
5,453
5,420
5,714

5,322
5,133

5,671
5,239
5,502
6,426
5,684
5,451
5,082

5,650
5,250
5,520
6,477
5,645
5,339
4,995

5,715
5,230
5,500
6,492
5,618
5,269
4,956

5,912
5,402
5,564
6,836
5,774
5,415
5,022

5,659
5,447
5,512
6,693
5,800
5,394
4,946

5,574
5,423
5,564
6,888
5,754
5,350
4,883

5,688
5,427
5,722
5,556

5,932
5,705
5,479
5,667
5,797

No. 3 — Pittsburgh:
Wilmington, Del..
Harrisburg, Pa...
Philadelphia, Pa..
Pittsburgh, Pa...
Charleston, W. Va
Wheeling, W. 7a..

5,281
5,354
4,807
5,650
5,365

5,340
5,421
4,886
5,787
5,370

5,309
5,584!
4,962
5,&6|
5,458

5,351 5,378
4,838 4,874
5,373 5,381
5,923 5,945
4 , 9 1 1 4,949
4,542 4,767
5,399 5,424
4,784 4,802
4 , 9 9 1 5,071

5,566
5,034|
5,4M
5,985
4,957
4,921
5,482

4,629
4,868
4,572

4,713
4,823

4,698 4,803
4,871 4,982
4,677i 4,806

4,979
5,004
5,544
6,028
5,426
4,855
5,039

5,103
5,024
5,562
6,147
5,433
5,032
5,098

5,223
5,119
5,604|
6,l65f
5,659
5,095
5,120!

5,342
5,597
5,077
6,104
5,630
5,781

5,500
5,765
5,524
6,356
5,652
5,894

5,782
5,995
5,972
6,745
5,875

5,811
5,995
5,972
6,786
6,282
6,503

5,831
5,823
5,755
6,719
6,240
6,636

5,934
5,817
5,531
6,512
6,218

5,924
5,839
5,560
6,718
5,951
6,287

No. 4 — Winston-Salem:
Birmingham, Ala
Washington, D.C
Tampa, Fla
W. Palm Beach, Fla
Atlanta, Ga.
B a l t i m o r e , Md
Cumberland, Md
A s h e v i l l e , N.C
Raleigh, N.C
S a l i s b u r y , N.C
Columbia, S.C
Richmond, 7a
Roanoke, 7a

5,431
5,439
6,055
5,127
5,055
5,491
4,940
5,168' 5,244

6,056 6,068 6,068 6,068
5,968 6,019 6,019 5,988
5,716 5,717 5,578 5,666
6,456 6,461 6,393 6,260
5,311 5,458 5,267 5,190
5,109 5,128 4,919 4,847
5,743 5,696 5,643 5,603
5,240
5,410 5,408
5,468 5,627 5,669 5,515 5,444
4,652 4,718 4,714 4,703
4,789 4,873 4 , 8 7 4 4,860 4,755
5,215 5,242 5,326 5,370 5,337
5,051 5,135 5,010 5,103 5,056
5,742
5,578
6,374
5,228
5,126
5,670

5 — Cincinnati:
Lexington, Ky
Louisville, Ky
Cincinnati, Ohio...
Cleveland, Ohio....
Columbus, Ohio
Memphis, Tenn
Nashville, Tenn

5,236
5,176
5,597
6,213
5,675
5,051
5,117

5,686
6,320
5,938
5,436
5,281

5,597
5,599
5,949
6,756
6,237
5,531
5,421

5,702
5,461
6,056
6,981
6,429
5,467
5,504

5,604
5,384
6,022
6,863
6,097
5,463
5,476

5,392
5,272
5,957
6,569
5,687
5,314
5,144

5,688
5,330
5,024

5,325
5,189
5,836
6,404
5,919
5,299
5,090

5,474
5,239
5,595
6,416
5,726
5,367
5,H6

5,905
5,408
5,525
6,794
5,799
5,400
4,980

5,483
5,444
5,743
6,949
5,912
5,585
5,298




No. 6 —

Indianapolis:

Evan3ville, Ind....
Indianapolis, Ind..
South Bend, Ind....
Detroit, Mich
<
Grand Rapids, Mich,

No. 7 —

Chicago:

Chicago, 111
Peoria, 111
Springfield, 111.
Milwaukee, Wis...
Oshkoshj Wis

No. 8 —

Des Moines:

Des Moines, Iowa..
Duluth, Minn
St. Paul, Minn....
Kansas City, Mo...
St. Louis, Mo
Fargo, N.D
Sioux Falls, S. D.

No. 9 — Little Rock:
Little Rock, Ark...
New Orleans, La..v.
Jackson, Miss
Albuquerque, N.M...
Dallas, Tex
Houston, Tex
San Antonio, Tex...

No. 10 —

Topeka:

Denver* Col
Wichita, Kan
Omaha, Neb
Oklahoma City, Okla....

No. 11 —

Portland:

Boise, Idaho
Great Falls, Mont
Portland, Ore
Salt Lake City, Utah.*.
Seattle, Wash
Spokane, Wash
Casper, Wyo

No. 12 — Los Angeles:
Phoenix, Ariz
Los Angeles, Calif
San Diego, Calif
San Francisco, Calif...
Reno, Nev.

Table 4.—New residential construction in all urban areas, 1 9 3 6 - 1 9 4 0 , by Federal Home Loan Bank
District and by State
[Amounts are shown in thousands of dollars]
Number of family dwelling units

Estimated Cost

Federal Home Loan Bank
District and State
1936

1937

1938

1939

1940

193,973- 205,467 245,753 342,106 386,958

19a

1

1936

1938

§813,432

$916,924

53,959

43,132

71,232

88,865

15,529
1,543
30,144
1,236
4,869
638

13,926
1,356
21,923
1,100
4,221
606

21,008
1,393
40,010
1,648
6,453
720

32,719
2,152
39,673
2,334
10,916
1,066

193,698

266,386

248,629

219,163

153,106

25,334
168,364

25,221
241,165

47,628
201,001

49,710
169,453

9,859

10,280

9,601

17,467

21,878

50,744

2,265
497
5,624
353
947
168

2,635
492
5,494
382
1,127
150

2,786
434
4,776
397
1,071
137

4,880
459
9,853
518
1,584
173

7,490
672
9,907
655
2,924
230

1 13,408

No. 2 — Hew York

46,149 45,519

65,527

64,178

56,885

New York

5,910 4,609
40,239 40,910

5,864
59,663

12,296
51,882

12,028
44,857

1 189,424
P 31,318

No. 3 — Pittsburgh

9,723

10,820

21,914

13,801

43,358

47,585

47,763

89,342

77,752

339
7,362
1,396

212
7,816
1,695

200
8,768
1,852

252
18,628
3,034

312
15,269
3,220

1,301
36,544
5,013

1,049
40,858
5,678'

963
40,575
6,225

1,073
77,749
10,520

1,340
64,767
11,645

27,727 26,829

30,240

50,972

63,482

93,031

91,121

96,818

154,118

187,868

1,938
5,352
7,317
2,717
2,086
3,695
1,601
2,123

2,313
4,275
8,059
3,098
2,960
4,765
1,669
3,101

4,782
6,203
13,357
8,360
4,323
6,481
3,051
3,915

6,528
8,682
15,042
8,438
6,784
6,590
3,237
8,131

4,649
24,389
30,475
5,529
6,042
9,210
5,523
7,264

4,663
21,358
28,255
6,607
7,913
10,326
4,068
7,931

5,031
17,468
29,027
7,768
8,875
12,678
4,499
11,472

11,615
25,425
43,249
23,163
13,348
16,327
7,649
13,342

15,079
30,599
48,855
20,036
22,294
17,235
8,164
25,556

14,932 12,718

12,127

24,961

26,670

70,768

57,228

52,579

97,944

104,234

1,757
S,229
2,732

1,869
7,681
2,577

4,344
14,341
6,276

2,627
19,004
5,039

8,945
50,532
11,291

5,476
44,608
7,144

5,865
39,632
7,082

12,576
671261
18,107

6,559
84,833
12,342

9,593 13,194

14,178

21,744

30,507

50,132

61,687

64,949

94,556

126,863

1,961
7,632

3,309
9,885

3,319
10,859

5,420
16,324

7,907
22,600

7,416
42,716

12,128
49,559

11,730
53,219

19,015
75,541

28,443
93,420

11,457

9,144

9,127

17,080

18,540

60,751

51,743

46,398

78,936

86,760

6,442
5,015

5,650
3,494

5,945
3,132

12,401
4,679

13,266
5,274

38,209
22,542

35,571
16,172

32,712
13,686

60,168
18,768

65,340
21,420

8,909

9,266

12,053

14,439

17,174

32,683

34,716

43,394

51,995

62,881

1,749
2,687
3,690

1,850
3,291
3,514
231
380

2,726
4,423
4,132
286
481

3,630
5,645
4,350
404
46O

4,512
6,515
4,971
474
702

5,941
10,348
14,669
762
963

7,059
13,224
12,352
725
856

10,057
17,139
14,381
877
940

12,739
21,939
14,785
1,335
1,197

16,461
25,641
17,294
1,542
1,943

18,449 19,889

24,301

34,892

40,702

43,611

53,093

64,517

94,444"

103,610

942
941
2,310 2,260
1,713 1,625
723
815
12,761 14,248

1,126
3,031
1,337
900
17,357

1,536
6,267
3,116
1,012
22,961

2,024
6,541
4,310
1,362
26,465

2,459
6,971
3,078
1,812
34,291

2,501
6,964
2,790
2,021
38,322

'2,506
8,355
3,568
2,304
47,784

3,291
18,507
5,981
2,553
64,112

5,023
19,852
8,415
3,342
71,973

24,914

24,343

23,563

32,334

37,439

5,074
4,665
4,681
10,494

6,175
5,277
3,509
9,382

5,075
4,699
3,353
10,436

8,261
5,107
6,916
12,050

11,283
6,345
6,537
13,274

2,157
9,270
3,505

Iowa

3U
469

Idaho
Utah
.>

6

Ari"on?

6




|

1,555
30,772
1,023
3,669
317

1939

7,435

7,642^

7,642

10,464

12,223

1,343
1,648
1,217
3,227

1,766
1,801
1,083
2,992

1,635
1,709
979
3,319

2,696
1,871
1,892
4,005

3,672
2,326
1,871
4,354

5,970

7,703

3,475

10,775

15,104

17,522

22,864

25,301

33,579

48,454

921
715
1,140
829
2,098
267

887
728
1,966
1,274
2,501
347

869
654
1,783
1,267
3,405
497

1,235
1,001
2,429
1,666
4,027
417

1,342
1,394
3,336
2,101
6,435
496

2,176
1,538
3,871
2,287
6,602
993

2,156
1,689
6,373
3,924
7,547
1,175

2,104
1,542
5,950
4,004
9,905
1,796

3,026
2,644
7,752
5,319
13,131
1,707

3,411
•3,888
10,583
6,979
21,695
1,893

29,346 33,560

41,662

53,170

64,992

1 106,711

120,940

142,124

172,607

213,562

676
553
28,487 32,550
301
334

806
40,504
352

1,030
51,727
413

1,507
62,983
502

1,811
103,758
1,142

2,042
117,764
1,134

2,355
138,417
1,352

3,013
168,062
1,532

3,811
207,956
1,795

1

1

1941

$1,219,716 $1,362,451

9,147

2,071
6,379
8,068
2,372
1,610
3,353
1,840
2,029

Ohio

1940

1937

1 $783,699

Fee/era/ Home Loan Bank Review

Table 5.—New private 1 - and 2-family dwellinss provided in all urban areas, 1938-1940, by Federal
Home Loan Bank District and by State
[Amounts are shown in thousands of dollars]
j

Number of family dwelling units

Estimated Cost

Federal Home Loan Bank
District and State
1938

UNITED STATES

lor-

Idaho

Utah

296212—41

3




1940

1938

1941

1940

1939

i

$848,052

226,832

271,902

$685,323

8,489

10,985

14,971

39,755

49,896

66,606

2,376
423
4,118
364
1,071
137

3,105
447
5,209
515
1,536
173

4,676
609
7,118
642
1,700
226

1

12,499
1,333
20,050
1,046
4,221
606

15,735
1,370
24,177
1,643
6,251
720

23,326
1,993
30,803
2,298
7,129
1,057

21,115

22,684

25,753

1

1

92,272

101,959

114,406

28,618
73,341

37,277
77,129

4,304
16,811

6,405
16,279

8,358
17,395

20,668
71,604

9,185

12,985

14,389

42,515

58,857

64,419

146
7,519
1,520

156
10,903
1,926

169
12,166
2,054

788
36,265
5,462

718
51,433
6,706

793
55,558
8,068

23,955

29,944

36,620

2,258
2,098
6,649
3,044
2,158
3,843
1,555
2,350

2,950
2,652
8,734
3,696
2,803
4,231
2,069
2,809

3,817
2,606
10,066
5,043
3,368
5,409
2,403
3,908

10,826

34,334

1,820
6,678
2,328

80,715

96,215

117,447

1

4,914

1

12,007
25,571
7,671
7,265
9,969
4,195
9,123

5,988
15,178
31,527
8,140
9,232
10,759
4,884
10,507

7,811
15,343
36,583
11,657
11,757
14,570
5,796
13,930

18,587

48,095

61,466

78,100

1,981
9,609
2,744

2,216
12,815
3,556

5,757
36,012
6,326

5,021
49,676
6,769

5,453
63,820
8,827

13,797

19,848

25,449

63,645

87,611

108,370

3,007
10,790

4,506
15,342

6,311
19,138

10,747
52,898

15,951
71,660

23,229
85,141

8,461

12,845

16,652

43,850

62,895

80,718

5,450
3,011

8,590
4,255

11,568
5,084

30,712
13,138

45,256
17,639

59,758
20,960

10,504

13,343

16,147

39,020

48,644

60,120

2,583
3,960
3,244
277
440

3,556
5,177
3,801
366
443

4,255
6,356
4,465
394
677

9,665
15,646
11,983
859
867

12,542
20,287
13,402
1,262
1,151

15,801
25,161
15,969
1,314
1,875

22,978

27,292

28,877

61,336

70,288

75,762

1,046
2,936
1,786
870
16,340

1,470
3,637
2,398
954
18,833

1,795
3,968
2,804
1,298
19,012

2,372
8,150
3,411
2,269
45,134

3,168
9,035
4,073
2, £37
51,575

4,372
11,007
4,320
3,218
52,845

1
!

7,151

9,333

10,871

22,654

29,276

33,739

1,420
1,565
947
3,219

2,240
1,793
1,321
3,979

2,921
2,202
1,477
4,271

4,696
4,456
3,294
10,208

7,491
4,952
4,825
12,008

9,124
6,180
5,376
13,059

7,731

9,897

12,858

23,458

31,542

"42,481

806
622
1,726
1,204
2,959
414

1,138
803
2,174
1,547
3,840
395

1,271
996
2,790
1,990
5,328
483

2,006
1,492
5,856
3,853
8,609
1,642

2,859
2,009
7,124
5-121
12,789
1,640

3,325
2,705
9,119
6,828
18,650
1,654

36,031

43,342

50,728

• 128,008

149,403

176,092

991
41,993
358

938
49,351
439

2,221
124,531
1,256

2,954
145,007
, 1.442

2,758
171,628
1,706

!
;

1941

CI,018,260

180,223

742
34,976
313

Statistical Supplement

1939

1

T

Table 6.—New residential construction in all urban areas during 1940, by months, and by Federal
Home Loan Bank District and by State
[Number of family dwelling units provided]
January

Federal Hone Loan Bank

1940
UNITED STATES

18,474

No. 2 — New York

•

Ohio

Utah

8




1941

March

February
1940

|

24,085 ]

1941

|

1940

April
1940

1941

May

1941 1

1940

June
1940

1941

30,629

37,308

36,634

28,835

977

801

1,070

1,518

2,040

1,637

610
2
293
27
40
5

272
10
457
19
39
4

498
428
8
114
8

501
.58
657
S5
203
14

542
104
1,092
87
185
30

454
103
808
65
182
25

4,877

5,168

4,644

6,032

4,768

3,605

465
4,412

490
4,678

792
3,852

1,172
4,860

1,376
3,392

1,369
2,236

345

1,234

1,370

1,680

1,920

1,386

1
305
39

9
1,113
112

6
1,195
169

158
1,232
290

18
1,664
238

17
1,066
303

2,429

3,929

4,991

6,777

5,904

3,948

152
300
1,176
215
92
204
143
147

218
628
1,217
608
251
386
194
427

333
523
993
879
1,081
557
279
346

290
703
1,631
1,151
1,434
809
260
499

1,795
343
1,100
609
544
648
348
517

348
350
1,160
709
310
473
196
402

539

1,199

1,799

2,673

3,029

2,525

43
370
126

83
608
508

212
1,258
329

561
1,384
728

201
2,466
362

198
2,022
305

661

1,046

2,264

2,981

3,511

2,455

97
564

164
882

694
1,570

746
2,235

695
2,816

640
1,815

325

556

1,121

1,869

1,881

1,835

253
72

467
89

876
245

1,202
667

1,258
623

1,270
565,

278

711

1,154

1,978

2,083

1,830

50
156
51
10
11

202
217
281
3
8

295
299
520
20
20

473
766
588
63
88

540
903
502
68
70

498
718
497
44
73

2,953

4,021

3,838

3,148

3,092

2,751

82
1,088
220
82
1,481

113
1,133
379
121
2,275

147
1,137
390
131
2,033

183
367
377
170
2,051

238
420
408
116
1,910

135
309
212
113
1,982

546

676

1,332

1,217

1,459

984J

265
40
34
207

162
111
42
361

270
247
433
382

320
259
178
460

681
216
148
414

286
194
152
352

605

BUf

1,567

1,592

1,577

j

1,229

42
17
154
50
328
14

76
40
238
102
342
16

153
326
342
171
521
54

132
211
317
245
620
52

!

12

3,939

• 3,930

5,479

5,843

68
3,848
23

77
3,807
46

120
5,311
48

125
5,652
66

1
|
1

156
136
334
278
624
64

I
i

|

1941

7
87
304
147
514
50

5,370

1 4,650

97
5,209
64

228
4,393
29

Federal Home Loan Bank Review

Table 6.—New residential construction in all urban areas during 1940, by months, and by Federal
Home Loan Bank District and by State—Continued
[Number of family dwelling units provided]
Federal Home Loan Bank
D i s t r i c t and S t a t e




1940

1940

1941

1941

October
1940

19a

November
1940

19U

Dece»ir.be r
1940

35,763

37,487

41,901

31,552

28,983

2,697

2,205

2,147

2,708

2,609

1,469
484
22
769
51
135
8

.

Statistical Supplement

1941

35,307„

Iowa

Utah

September

August

July
1940

1,169
98
1,113
83
199
35

984
64
864
72
182
39

485
85
1,320
55
178
24

744
76
1,323
60
484
21

747
36
783
43
983
17

3,701

3,481

4,742

6,085

5,173

4,609

1,096
2,605

923
2,558

1,293
3,449

1,274
4,311

724
4,449

1,054
3,555

1,781

1,550

3,231

1,846

1,454

1,004

11
1,243
527

21
1,313
216

38
2,795
398

19
1,582
245

5
867
582

9
894
101

6,275

7,153

6,007

7,193

4,636

4,2-40

1,157
905
1,263
1,103
395
697
340
415

729
1,185
1,369
1,221
1,104
639
216
690

346
743
1,253
723
281
690
642
1,329

432
1,291
1,494
658
254
519
273
2,272

260
1,143
1,349
309
191
625
.
275
484

463
568
1,037
253
847
343
121
603

3,064

2,308

2,125

4,498

1,487

1,424

277
1,919
868

259
1,649
400

311
1,495
319

214
3,718
566

198
937
302

70
1,128
226

2,739

3,311

5,255

2,747

2,007

1,530

753
1,986

1,299
2,012

1,127
4,128

903
1,344

417
1,590

372
1,158

2,590

1,723

1,825

2,287

1,220

1,303

1,941
649

1,128
595

1,261
564

1,681
606

827
393

1,102
206

1,904

1,799

1,893

1,682

1,084

778

486
738
529
55
96

472
714
495
52
66

508
689
514
44
138

444
656
466
43
73

328
371
281
67
37

216
283
247
5
22

3,110

4,121

2,905

2,639

A, 371

3,753

172
454
192
115
2,177

188
410
135
3,047

200
410
223
. 126
1,946

182
342
237
86
1,792

163
256
1,129
82
2,741

221
284133
85
3,030

1,036

1,269

1,039

280
217
161
378

397
231
189
452

1,247
138
116
276
176
492
49
5,163
296
4,835
32

3a
!
!

1,162

815

688

1

258
205
190
386

271
301
171
419

274
148
111
282

208
157
62
261

1,371

!

1,435

1,194

1,639

834

112
118
376
181
536
48

|

136
120
367
273
490
49

134
109
261
206
439
45

88
82
192
167
1,075
35

48
32
175
105
454
20

5,472

4,883

7,860

5,057

7,346

237
5,188
47

62
4,785
36

83
7,734
43

56
4,967
34

58
7,254
34

1941

9

Table 7.—Summary of new residential construction in all urban areas of the United States, 1930-1940
Number of family units provided
1930

184,000

111

249,000

1931

E

249,000

184,000

1935

1932

1933

1934

62,000

45,000

46,000

—

E

—

—
62,000

45,000

113,000

46,000

1938

1939

1940

1936

1937

185,626

201,868

239,047

286,654

321,624:

131,245
11,163
43,218

343,325
12,962
45,581

166,348
13,875
58,824

312,135
14,697
59,822

252,117
19,785
49,722

5,000

13,347

3,599

6,706

55,452

65,334

118,000

198,973

205,467

245,753

342,106

386,958

1941

Table 8.—Summary of new residential construction in all urban areas of the United States during 1940/
by months
[Amounts are shown in thousands of dollars]
Number of family dwelling units provided
Year and month

Private construction

Public
construction

3-and-more
family
dwellings

1-family

Estimated cost
Total
urban •
construction

l-family

Private construction
Public
construction

3-and-more
2-family
family
dwellings

Total
urban
construction

1940
January
February
March
April..
May
June
July
August
September
October
November
December
Annual Total

10,658
13,757
21,032
26,013
25,767
22,246
24,721
25,292
24,526
25,068
17,788
15,249

972
1,247
1,525
1,943
1,726
1,469
1,786
1,888
2,078
2,406
1,559
1,186

3,909
5,164
5,013
5,222
4,439
2,953
3,749
3,353
3,500
4,555
3,360
4,505

15,539
20,168
27,570
33,178
31,932
26,668
30,256
30,533
30,104
32,029
22,707
20,940

2,935
3,917
3,059
4,130
4,702
2,167
5,051
5,230
7,383
9,872
8,845
8,043

18,474
24,085
30,629
37,308
36,634
28,835
35,307
35,763
37,487
41,901
31,552
28,983

$40,100
51,759
78,419
98,948
98,997
85,891
96,350
95,242
94,602
97,699
69,671
61,069

$2,226
2,873
3,629
4,681
4,362
3,793
4,633
4,948
5,033
6,199
4,065
3,072

$14,773
16,780
14,490
14,532
11,626
7,606
9,749
8,724
9,620
13,826
9,277
13,065

$57,099
71,412
96,538
118,161
114,985
97,290
110,732
108,914
109,255
117,724
83,013
77,206

$8,316
11,553
10,060
11,504
15,332
5,951
14,388
15,479
24,761
31,661
26,806
24,312

$65,415
82,965
106,598
129,665
130,317
103,241
125,120
124,393
134,016
149,385
109,819
101,518

252,117

19,785

49,722

321,624

65,334

386,958

$968,747

$49, 5 H

$144,068

$1,162,329

$200,123

$1,362,452

1941
January
February
March
April
May
June
July
August
September
October
November
December
Annual Total..

Table 9.—Summary of new residential construction in all nonfarm areas of the United States, 1930-1940
Number of family unit3 provided
Type of construction

147,000
21,000
44,000

—
Total nonfarm construction...

10




286,<300

—
212,000

74,000

54,000

—
74,000

__
54,000

1934

1935

1936

1937

1938

1939

1940

408,000

466,000

55,000

139,000

261,000

282,000

340,000

42,000
3,000
10,000

110,000
6,000
23,000

219,000
15,000
48,000

260,000
17,000
63,000

—
55,000

Kl

212,000

185,000
28,000
73,000

1933

III

286,000

1932

III

1931

P

1930

19a

388,000
24,000
54,000

5,000

15,000

4,000

7,000

57,000

71,000

144,000

276,000

286,000

347,000

465,000

537,000

Federal Home Loan Bank Review

Table 70.—Estimated volume of new home-mortgage loans by all savings and loan associations,
by purpose and by class of association, 1936-1940
[Amounts are shown in thousands of dollars]
Year and purpose or class Annual

Pet. of
total
January- February March
'loans

April

July

May

August September October

Purpose, of loan:
CONSTRUCTION
1936
1937
1938
1939
1940

I 8,218 $11,381 $12,852 $14,689 $15,612 $17,013 $17,818
14,181 19,894 24,382 23,452 23,395
22,224 21,082
22,575
11,669 16,648 17,710 19,400 19,892 19,096
29,863
16,027 21,254 23,727 26,646
29,919
26,865
20,152 26,711 33,764 36,956 35,523
39,907 42,488

$18,722 $19,521 $16,730
19,255 17,447
20,003
21,018 22,099 18,627
27,854 29,255 26,607
39,417 41,610 32,584

$178,387
234A02
220,458
301,039
398.632

23.6
26.1
27.6
30.5
33.3

$ 8,170
13,506
12,572
16,099
19,488

230,082
326,629
265,485
339,629
^6,151

30.5
36.4
33.3
34.4
35.5

11,432
18,211
14,896
17,503
22,039

12,096
19,767
16,117
19,118
25,389

14,722
26,433
21,056
24,705
32,168

18,728
32,853
25,494
29,903
37,821

20,648
34,904
24,123
31,289
42,049

21,234
35,235
25,636
32,228
38,402

21,999
30,624
21,924
29,638
40,658

21,577
28,011
23,833
32,282
40,567

21,350
29,693
25,698
31,367
40,947

26,532
28,034
24,677
33,383
40,771

19,343
22,697
21,205
30,434
33,875

178,029
180,804
160,167
182,025
198,11$

23.6
20.2
20.1
18.5
16.5

12,144
11,990
11,334
11,749
13,999

12,941
12,878
11,293
12,551
14,590

L4,972
17,841
14,391
14,871
16,769

18,363
17,496
15,772
15,384
20,359

15,333
16,712
15,281
15,687
18,034

15,605
18,405
13,885
17,123
17,147

13,971
16,014
13,194
15,353
17,649

14,186
15,362
14,701
17,005
17,762

15,074
14,643
12,416
16,021
15,483

16,153
H,115
12,913
15,835
16,840

14,360
12,671
12,182
15,445
14,441

65,435
62,L43
58,623
59,463
63,583

8.7
6.9
7.3
6.0

5.3

3,497
4,059
3,409
3,389
3,455

4,476
3,320
3,662
3,593
3,437

4,743
4,853
4,953
4,211
4,657

6,046
6,237
5,683
4,974
6,097

6,891
6,124
5,416
6,069
6,896

5,390
6,495
5,211
5,802
5,691

5,917
5,703
5,397
5,133
6,115

5,490
5,147
5,528
5,909
6,079

6,294
5,790
4,791
5,544
6,283

6,388
5,444
5,727
5,784
5,756

5,611
4,796
4,821
4,720
4,869

103,064
92,901
93,263
104,227
113,065

13.6
10.4
11.7
10.6
9.U

7,548
6,101
6,891
6,827
7,963

7,585
6,589
7,352
7,020.
7,954

12,053
8,193
8,170
8,337
10,063

8,263
8,632
8,648
9,437
9,460

9,516
8,140
8,059
9,432
10,607

10,461
8,681
8,443
9,082
10,221

8,996
7,669
8,028
8,183
9,972

8,137
7,415
8,072
9,979
10,726

7,473
8,185
7,724
8,946
9,645

7,927
8,608
7,515
9,040
9,423

7,271
6,892
7,235
8,870
8,798

754,997
896,579
797,996
986,383
1,199,579

100.0
100.0
100.0
100.0
100.0

42,791
53,867
49,102
55,567
66,944

45,316
56,735
50,093
58,309
71,522

57,871 64,252
77,214 89,600
65,218 73,307
73,378
83,425
90,368 108,001

68,913 76,521
78,314 75,456
71,647 72,931
89,732 93,297
111,775 114,400

63,315
64,503
64,070
86,076
94,567

228,896
307,278
286,899
400,337
509,713

30.3
34.3
35.9
40.6
242.5

11,764
17,543
16,781
20,894
28,008

12,105
19,360
17,520
22,298
29,786

15,310
27,829
23,356
29,811
38,241

17,740
32,915
26,107
33,400
46,577

18,966
30,998
24,721
36,358
49,287

21,247
31,577
26,310
39,094
47,435

21,491
28,693
23,823
34,055
48,676

21,571
26,768
26,858
40,645
50,305

22,500
26,189
25,650
37,090
46,480

23,914
24,539
26,534
37,854
48,307

19,771
20,829
24,220
34,785
38,896

309,521
379,286
333,470
396,041
UB3»h99

41.0
42.3
41.8
40.1
1+0.3

18,434
20,729
20,879
23,071
25,737

17,055
24,594
22,073
24,191
28,941

22,180
32,177
27,835
30,124
36,484

28,597
37,395
30,238
32,562
43,015

28,166
39,288
31,196
35,426
45,803

29,197
39,965
30,350
36,465
42,214

27,898
35,758
28,973
34,146
45,414

26,773
32,334
29,506
37,340
46,807

26,761
33,307
29,255
36,989
45,988

30,864
32,104
30,546
37,847
46,224

26,344
27,113
26,115
34,671
40,143

216,580
210,015
177,627
190,005
206,367

28.7
23.4
22.3
19.3
17.2

12,593
15,595
11,442
11,602
13,199

16,156
12,781
10,500
11,820
12,795

20,381
17,208
14,027
13,443
15,643

17,915
19,290
16,962
17,463
18,409

19,945
19,046
16,362
17,339
19,452

17,858
20,669
16,407
18,595
17,335

18,507
17,783
14,843
16,971
20,211

18,864
17,915
18,345
17,053
20,510

19,652
18,818
16,742
15,653
19,307

21,743
18,813
15,851
17,596
19,869

17,200
16,561
13,735
16,620
15,528

1941
HOME PURCHASE
1936
1937
1938
1939
1940
1941

•
•
REFINANCING

1936
1937
1938
1939
1940
1941

•

RECONDITIONING
1936
1937
1938
1939
1940
1941
ALL OTHER PURPOSES
1936
1937
1938
1939
1940
1941
TOTAL LOANS
1936
1937
1938
1939
1940
1941

'

67,077 68,302 67,896 67,208
89,332 92,211
82,234 77,017
73,067
72,279
67,639 74,709
89,123
94,154 85,172 95,038
114,542 106,984 114,301 117,622

65,535
60,096
63,934
83,112
88,553

•..

Class of associationt
FEDERALS
1936
1937
1938
1939
1940
1941
STATE MEMBERS
1936
1937
1938
1939
1940
1941
NONMEMBERS
1936
1937
1938
1939
1940

,
,

19a

Statistical Supplement




II

Table 11.—Estimated volume of new home-mortgage loans by all savings and loan associations, by
Federal Home Loan Bank District and by class of association, 1936-1940
[Amounts are shown in thousands of dollars]
Bank D i s t r i c t and c l a s s
of a s s o c i a t i o n

February

April

May

July

August

DISTRICT NO. 1
Totalx
1936
1937
1938
1939
191+0
19U1

•83,251+
85,627
74.733
90,379
115.289

• 4,2*09
4,859
4.407
1*,891
5.862

* 1*,813
1*,863
4,331
4,415
6,155

* 5.219
5.925
5.132
5.270
6,063

* 5.231
8,007
6,620
6,l+oi+
8,1*71*

• 7.888
8.1+21
7,129
7.791*
10,966

• 7.376
9.685
7.1*15
9.25I*.
11.310

Federal:
1936
1937
1936
1939
19U0
19U1

8,01+0
20,902
20,71+1+
28,013
39.680

1+66
1.113
1,161*
1,280
2,206

382
1.087
1,123
1,271
2.079

422
1.839
1.338
1.597
2,062

556
2,318
1,905
1,970
2,812

581
2,175
1,861
2.591*
3,906

589
2,268
2,211
3.110
3.900

2,6!+9
4,002

S t a t o membert
1936
1937
1933
1939
19U0
191+1

31**931
39.113
36,096
1+3,800
56,561

1,91*1+
1,970
2,085
2,1+01+
2.695

1.711
2.055
2,150
2,125
2,790

1,812+
2,351+
2,569
2.382
2,91+5

2,210
3.21+2+
2,91+1
3,191+
3.882

2,879
3.699
3.61*2
3.352
5.601+

3.1+03
1+.287
3.607
3.966
5.738

1*0,283
25,612
17.893
18,566
19,01+8

1.999
1.776
1,160
1,207
961

2,720
1,721
1,103
1,019
1,286

2,983
1,752
1,225
1.291
1.056

2.I+65
2.1*1*5
1,771*
1,21+0
1,780

l+,i+28
2,52+7
1,626
1,81+8
1,1+56

65.088
85,335
77.617
96,233
115,1*7?

3,216
5,100
l+,657
5,733
6.979

3.31*7
l*.i*67
3,818
2+.851+
5.691+

2.776
6.516
5.81+5
5,713
6,1+91

6,037
6,912
6,979
8,829
8,668

19,222
20,761
22,807
36,890
33.579

1,12+8
1,215
1,007
1.877
2,51+7

1,084
I.252*
1,12+2
1.377
1,658

1.085
1.597
1.727
2,095
1.859

19,511
22,072
19.999
22,602
32,936

704
1.249
1.398
1.350
1,671

62+2
1,257
1,084
1.252
1.669

26,355
1+0,502
31+.811
36,71+1
1+8,960

1.364
2.636
2.252
2,506
2,761

39.771
67,781
62,561
79,281+
93,081+

I

7.9H
5.663
5,600
7.657
9.685

8,132
8,773
7,001*
8.759
11,191

* 7.588
7.007
7,128
9,302
12,267

• 7,301+
7.522*
7.061*
8,279
11,31+6

$ 9.130
7.621
6,610
9.1*96
11,513

* 8,253
7,279
6,21+3
8,858
10,1+57

712
2.376
2,078

782
1,808

2,003
2.905
4.074

690
1.1*85
1,829
2.676
3.717

71*9
1.561
1,875
2,882
U.175

799
1,52+9
1.772
2,785
3.352

1,312
1.323
1.580
2,294
3,395

3,701
2*. 109
3.325
4,088
5.332

3.2*36
3.271
3.312
1+.858
6,066

3,336
3.913
3.51+4
1+.037
5.863

2+.069
3.661
3.237
1+.911
5.51+6

3.535
3.922
2,799
2*,633
5.372

2,893
2,62+8
2,887
3,850
4.728

3.381+
3.130
1.597
2,178
1,672

3,719
2,288
1,601
2,022
1.357

3,370
1,-928
1,813
1,539
2,127

3.278
2,126
1,691
1,566
1,766

4,312
2,399
1,1*98
1,703
1.792

3,919
1,808
1,672
1.2+2*0
1.735

3.706
1.692
1.133
1.515
1.562

7,612
9,000
6,550
8,171+
10,332

5,565
8,622+
7,510
9,909
9,969

6,123
8,218
6,969
8,699
10,602

6,017
7,333
7,381
10,026
11,816

6,159
7.389
7.21+S
8,61t2
12,801+

6,822
7,896
8,090
9.1*00
13,2+78

5.2*88
6,113
6.351
8.538
10,150

5,926
5.767
6,219
7.716
8,492

1,110
1.798
2,272
3.2*71*
2.913

1.597
1.976
1.786
3.135
3.153

1.916
2,2+28
2,217
4.223
2,830

1.869
2,013
1.879
3.352+
2.750

1.963
1.733
2,096
4,2*81+
3.734

2,158
1.770
1,822
3.639
3.387

1.988
1.906
2.3U+
3.628
3.381

1.687
1,666
2,417
3.028
2,796

1,617
1,405
2,128
2.576
2,571

755
1.955
1.662
1.52+4
2,001

2.556
1.935
1.717
1.852
2,595

3.277
2.973
1.863
1,851
2,733

1.955
1.731
2,116
2,849

1,828
1,884
3.508

1,329
1,856
1,858
2,213
3,092

1.193
1*938
1,789
2.353
3.272

1,786
1.819
1.776
2.225
3,412

i,i+4i
1,518
1,609
2,128
3,297

2,143
1,950
1.699
1.834
2,837

1,621
1,956
1,592
2,225
2,367

936
2,964
2,456
2,074
2,631

2,391
3,181
2,990
3,503
3,160

2,738
4,051
2,896
3.188
4.1+2+6

1.751
4.241
3.562
3,570
4,290

2.447
4.516
3,262
3,461
4,344

2,725
3.764
3.447
3.329
'4,990

2,808
3,681
3.637
2,650
6.145

3.048
U.171
4.000
3.547
6,685

2,360
2,929
2.325
3.382
4,057

2,166
2,412
2,392

3.306
3,084

2.691
6,689
4,425
4,373
5,402

2.034
3,584
3,806
4.051
6,272

2.977
5.629
5,249
6.059
7.231

3,452
6,42+6
6.149
8,243
8,047

3.H*3
5.125
5.625
7.692
9,010

3,634
6,562
5,638
8,338
8,362

2.974
5,573
5,263
6.753
9,145

3.333
5.516
5.281
6,805
8,992

4,177
5,398
5,323
6,938
7.960

4,262
5.401
5.62+2
7.551
8,2+84

3.2+13
6,176
5.H7
6,1+06
7,017

3.681
5,682
5,043
6,075
7,162

7,737
12,1+38
12,981
22,726
36,563

332+
607
731
892
1.756

262
595
822
1.076
2,041

2+25
933
1,061
1,459
2,916

606
1,319
1,171
1.701
2.674

635
1,211
1,143
1,911
3,663

696
1,266
1,159
2,707
3.831

763
1.235
1.132
1.770
3.600

72*1
1,071
1.115
2,128
3.2+61

628
1,084
1,150
2,179
3.165

82+1
1,116
1.073
2,599
3.543

909
964
1.090
2,164
2,875

897
1,057
1,329
2,140
3,038

13.325
19,102
17.81+2
20,597
23.538

1,253
972
1,409
1.233
1.358

807
1,030
1.069
1,106
1.332

945
1.259
1.715
1,791
1,767

1,187
2,072
1,681
1,969
2,323

949
1,792
1,768
2,202

2,265

1,183
1.981
1.822
1.944
2.113

1.148
1.951
1.390
1,970
2,189

1,168
1.998
1.2+04
1.645
2,298

1.504
1,749
1,419
1.573
2.155

1,122
1.570
1,2+25
2,119
2,221

933
1,292
1,32*8
1.506
.1.782

1,126
1.436
1.392
1.539
1.735

18,709
36,21+1
31.738
35.961
32,983

1.104
5,110
2,285
2,248
2.288

965
1,959
1.915
I.869
2,899

1,607
3.437
2,473
2,609
2.52+8

1.659
3.055
3.297
4.573
3,050

1.559
2,122
2.709
3.579
3.082

1,755
3.315
2.657
3,687
2,1+18

I.O63
2.387
2,72+1
3.013
3,356

1,2*24
2.447
2,762
3,032
3,233

2.045
2,565
2.754
3.186
2,62+0

2.299
2.715
3.12*4
2.833
2,720

1.571
3.920
2.679
2,736
2,360

1,658
3.209
2,322

•

Nonmember;

1936
1937
1938
1939
191+0
191+1
DISTRICT NO. 2
Total:
1936
1937
1938
1939
191*0
191*1
Federalt
1936
1937
1938
1939
191*0
191+1

,
,
,
,
,
,

S t a t e memberj
1936
1937
1938
1939
1940
191+1

,
,
•

Nonmember:
1936
1937
1938....
1939
191*0
191+1
DISTRICT NO. 3
Totalj
1936
1937
1938
1939
191+0
191+1

•

Federal*

1936
1937
1938
1939
191+0
192*1
S t a t e membert
1936
1937
1938
1939
191+0

19la
Honmemberj
1936
1937
1938
1939
191+0
191+1

12




•

•
,
•
•
,

1.389

-L
Federal Home Loan Bank Review

Table 11.—Estimated volume of new home-mortgage loans by all savings and loan associations, by
Federal Home Loan Bank District and by class of association, 1936-1940—Continued
[Amounts are shown in thousands of dollars]
Bank D ' s t r i c t and c l a s s
of a s s o c i a t i o n

July

April

January

August

DISTRICT HO. 4
Totalt
1936..
1937-.
1938..
1939..
191*0..
191*1..

•113.017
112,307
111,101+
138,817
17l*,909

I 5.673
7.216
7.365
7.665
10,297

• 7,91*0
7.1+06
6,838
8.778
10,01*8

#11.935
8,868
8,237
9.771
13.61+3

* 8.796
10,025
10,167
10,630
15.131+

# 9.1*1+2
10,299
9,901
12,058
17.636

I 8.651+
10,596
9,1*86
11,853
15,1*86

$10,1+30
10,389
9,927
12,167
16,11*6

• 9.81+3
10,857
11,366
12,728
16.525

•10,271
9.756
9.937
12,871
16,221*

•10,523
10,11+1
9,938
H+,766
15,571+

•10,565
8,722
8,980
12,1*59
14.414

Federals
1936.,
1937-.
1938.,
1939.•
191*0..
191*1.,

30,265
1*0.377
39,102
57,368
8l+,895

1,51+2
2,1+92
2,391+
2,938
1+.563

1.517
2,1+68
2,365
3,271+
5.013

2.014*
3.378
3.085
3.938
6.371+

2.024
3.680
3.352
4.102
6,923

2,248
4,227
3,233
4,802
8,323

2,658
4.205
3.524
5.158
7.853

3.011
3,833
3,289
5.179
8,074

3.025
3.576
3.615
5.730
8,852

3.157
3.495
3.823
5.1+83
8,015

3.213
3.402
3.730
6,159
7.930

2,942
2,740
5.213
5.133
6,816

1+8,551+
52,673
52.197
59,287
69,195

2,742
3.670
3.426
3.274
4.137

2,916
3.467
3,312
3,636
3,844

2,982
4,152
3,715
4,261
5.1+21

4.058
4.691
5.H6
4,989
5,985

4,488
4,628
4,911
5.613
6,496

4.220
4.697
4.616
4,881
6,128

4.749
5.316
4.996
5.075
6,431

4.180
4.880
4.555
4.988
6,044

4.406
4.315
4.224
5.569
6,482

4.656
4.670
4,816
6,376
6,249

5.077
4,425
4,546
5.212
6,323

34.198
19.257
19,805
22.162
20,819

1.389
1.054
1.51+5
1,453
1,597

3.507
1,471
1,161
1,868
1,191

6,909
1.338
1.437
1.572
1,848

2.711+
1.654
1.699
1.539
2,226

2,706
1.444
1.757
1.643
2,817

1.776
1,694
1.346
1,814
1.505

2,670
1,240
1,642
1,913
I.641

2,638
2,401
3.196
2,010
1.629

2,708
1,946
1,890
1.819
1.727

2.654
2,069
1,392
2,231
1.395

2,546
1.557
1,221
2,114
1,275

Totali
1936..
1937-,
1938..
1939.191*0..
19U1..

1 0 1 . Ill*
166,270
121,652
156,91*1+
198,767

5,854
8,102
6,928
8,541
9,525

5,152
11,888
7,890
9,585
11,639

7,673
14.193
10,277
12,821
15.627

9,112
18,152
11,590
13.054
18,192

8,333
18,034
11,131
13,531
18,991+

9,813
17,132
10,839
14,474
17.390

8,666
15.007
10,166
13.005
20,531

8,462
13,660
11,546
14,691
20,458

8,116
16,143
11,253
14,475
18,308

11,129
13,818
11,449
14,980
19.705

8,524
10.563
9.335
14,686
15.378

Federal»
1936..
1937.1938.,
1939.,
191*0.,
191+1.

i+3.305
57,278
1+7.212
62,051+
73,1+62

2.323
3.070
2,808
3.518
3.726

2,032
3,555
3.147
3.259
4,167

2,698
5.288
4.006
5.255
5.647

3.290
6,688
4,155
5.185
6.976

3.943
6,048
4.252
5,665
7.055

4.344
5.605
4.328
5.867
6.776

3.907
5.254
3.808
5.H3
7.383

3.940
5.022
4.603
6,701
7,389

4,220
5.223
4,240
'5,577
6,619

4.751
4.745
4.493
5.835
7,230

3,703
5.405
3,674
5,425
5,1*38

S t a t e memben
1936
,
1937
1938
1939
191*0
191*1

1*6,681+
80,096
55.556
75,059
96,111

2,888
3.538
2.978
4.073
4.132

2.513
6,442
3,701
4,794
5,902

4,200
6,608
4,549
5,900
7,824

4.473
8,151
5,191
6,166
8,711

3,615
9.696
4.858
6,556
9,409

4,182
8,890
4.641
7.084
7,695

4,044
7,188
5.016
6.370
9,607

3.780
6,182
5.144
6,577
9.959

2,762
7.383
5.233
7.197
9.143

4.895
6,683
5,336
7.044
9,553

4,097
5,230
4.350
6,912
7.843

Honmembert
1936....
1937...1938....
1939-...
191*0....
191*1....

11.125
28,896
18,881+
19,831
29,194

643
1.1+94
1.142
950
1,667

607
1,891
1,042
1.532
1,570

775
2,297
1,722
1,666
2,156

1,31*9
3,313
2,244
1,703
2,505

.775
2,290
2,021
1.310
2,530

1.287
2,637
1,870
1,523
2,919

715
2,565
1.342
1.522
3.541

742
2,456
1,799
1.413
3.H0

1,131+
3.537
1,780
1.701
2.546

1,483
2,390
1,620
2,101
2,922

724
1,928
1,3H
2,349
2,097

Total»
1936..
1937-.
1938..
1939..
191*0..
191*1..

1*2,501+
1+1,032
35,617
1+8,310
62,889

2,448
2,485
2,087
2,441
3,338

3,221
2,974
2,554
3,215
3.878

3.219
3.205
2,712
3.309
4.227

3.788
3,729
2,740
3,903
5.407

3.952
3.924
2,663
4,243
5.782

3.624
3.829
3.137
4,084
6,016

3,994
3.684
3.206
3.913
5,779

3,509
3,752
3.616
5.090
6,246

3.421
3.846
3,159
4.850
6,178

4.877
3.828
3.488
4.663
6.503

3.375
3.H5
3.060
4,407
4.861

Federal1
1936..
1937-.
1938..
1939..
191*0..
191*1..

12,1*59
18,900
16,520
22,731+
31,318

432
1.157
962
1.133
1,601

545
1.359
1.192
1.566
1,812

694
1.395
1,200
1,515
I.836

1,004
1,842
1,201
1,920
2.476

1,066
1,765
1,299
1,918
2,713

1,228
1,868
1.449
1,904
3,078

1.199
1,672
1,551
1,832
2,982

1.164
1.664
1,768
2.236
3.216

1,119
1,678
1.309
2,246
3.028

1.495
1.775
1,566
2,165
3.525

1.301
1.423
1.634
2,176
2,672

S t a t * memberi
1936
1937
1938
1939
191*0
1941

21,109
18,026
16,021
22,258
28,103

1.332
1,099
963
1,200
1,480

1,388
1,262
1,184
1,450
1,791

1,545
1.320
1,283
1,571
2,179

1,861+
1.635
1.317
1.722
2,525

2,080
1.684
1,208
1,970
2,701

1.751
1,633
1,467
1,852
2,671

1,912
1,749
1,368
1.822
2,566

1,698
1,715
1,569
2,423
2,698

1,865
1.788
1,485
2.259
2.756

2,509
1.652
1.579
2,170
2.675

1,605
1.358
1,168
1,967
1,969

8.936
1+.106
3.076
3.318
3.1*68

684
229
162
108
257

1,288
353
178
199
275

980
490
229
223
212

920
252
222
261
406

806
475
156
355
368

645
328
221
328
267

883
263
287
259
231

647
373
279
431
332

1*37
380
365
345
394

873
401
343
328
303

469
334
258
264
220

S t a t e membert

1936
1937
1938
1939
191*0
191+1
Honmembert
1936....
1937....
1938....
1939-...
191*0....
191*1....
DISTRICT HO. 5

DISTRICT HO. 6

Nonmembert
1936...,
1937:...
1938....
1939....
191*0....
191+1....

Statistical Supplement




13

Table 11.—Estimated volume of new home-mortgage loans by all savings and loan associations, by
Federal Home Loan Bank District and by class of association, 1936-1940—Continued
[Amounts are shown in thousands of dollars]
Bank D i s t r i c t and c l a s s
of a s s o c i a t i o n

April

February

S e p t ember

July-

DISTRICT NO. 7
Total:
1936.,
1937.
1938.
193919I4O.
19lU.

* 64,557
93.037
78,865
98,382
121,81+2

$ 3.494
4,857
4,739
5.134
6,881

* 3.067
5.559
4.437
5,444
7.153

$ 4,462
8,196
6,482
6,820
10,096

Federal:
1936.•
1937.•
1938..
1939..
1940..
1941..

19,61+5
28,1+71+
26,519
34.286
1+7,992

936
1.328
1,400
1,665
2,409

943
1.859
1,531
1,787
2,699

S t a t e member:
1936
1937
1938
1939
19^0
1941

32,255
1+5,191+
33,709
1+3.685
55,1+28

1,639
2,285
2,480
2,051
3,011

1.430
2,605
2,160
2.561
3,209

Nonmember:
1936....
1937....
1938....
1939....
1940....
1941....

12,657
19,369
18,637
20,i+ll
18,1+22

919
1,244
859
1,418
1,461

1,095
746
1.096
1,22+5

Total:
1936..
1937.1938.,
1939-.
192*0..
1941..

52,111
49.211
1+8,239
.61,776
71,461

2,897
2,526
2,194
2,576
3,742

3,306
2,483
2,730

Federal:
1936.,
1937.•
1938.•
1939.,
191+0.
191+1..

18,782
21,224
20,251
29,301
34.999

S t a t e member
1936
1937
1938
1939
191+0
191+1
Honmembert
1936....
1937....
1938....
1939....
191+0....
1941

* 6,285
7,981
7,413
10.332
12,080

* 6,189
7,162
6,753
9,564
10,888

* 6,347

9.771
10.527

6,218
8,931
6,467
8,288
11,472

1,876
2,659
2,623
2,957
4,570

1.755
3,022
2,721
3.389
4.774

1.785
2,458
2,121
3.158
4,273

1,946
2,568
2,511
3,533
4,743

1,856
2.511
2,206
3,250
4,232

2,100
2,236
2,232
3.132

4.374

1,686
2,188
2,056
3.057
3.327

3.141
4,879
3,364
3,743
4,784

3,059
4,735
3.188
3,772
5,279

3,867
6,058
2.834
4,21+0
4,670

3,197
U.567
2,684
3.665
5.334

3.150
3.953
2,904
4,298
5,667

2,800
3.335
2,633
4,567
5.270

3.167
3,590
3.283
4.225
5,258

2,487
2,627
2.564
i+,066
4,720

867
1,526
1,279
1,353
2,236

812
1,993
1,543
1,893
1,811

1,104
2,393
2,22*5
2,575
1,509

1»413
2 ,,022
1,809
2,142
1,083

1.236
1.906
1.462
1,465
1,865

1.189
1,U60
1,998
2,501
1,670

1.533
1,316
1.914
1,747
1,386

1,080
1,363
1,320
1,529
1,419

989
1,473
1,977
1.303
1.502

3.881
i+,555
4,376
5,116
7,768

5,191
4,622
4,289
5,894
7,048

5,10+0
4,906
4,637
6,113
7,195

4,719
4,997
4,222

3,305
3,819

3,563
3,898
3,991
4,348
5.232

5,444
6,999

5,422
4,771
4.739
6,521
7,044

4.614
4.746
5.046
5,823
6,946

4,965
4,558
4,440
5,601
6,377

3,410
3,174
3,849
5,173
4,974

1,071
1,178
971
1,067
1,526

1,121
1,106
1,060
1,498
1,805

1,111
1,792
1.707
2.033
2,444

1.373
2,185
1.785
2,383
3.297

1.587
2,058
1,730
2,975
3.679

1,760
2,225
1,911
2,856
3,602

1,798
2,193
1,629
2,579
3.607

1,795
1,971
1,958
3.179
3,704

1.953
2,026
2,131
2,742

3.543

2,100
1,644
1,644
2,676
3»o4i

1,257
i»4oi
1,665
2,487
2,636

14,631
15.980
16,102
18,841
21,885

893
861
726
980
1,165

750
951
1.057
1,226

1,124
1,267
1,268
1,406
1,508

1,481
1,417
1,442
1,522
2.854

1,525
1,620
1,377
1,626
1,926

1,580
1,594
1,508
1,543
2,128

1,463
1,786
1,501
1.641
1,894

1,409
1,398
1,529
2,010
2,031

1,110
1.265
1,659
1,890
2,192

1.244
1.507
1.549
1,^26
2,202

1,394
1.585
1,401

18,698
12,007
11,886
13.634
14,577

933
487
497
529
1,051

1,435
589
719
750
788

1,328
839
1,016
909
1,280

1,027
953
1,149
1,211
1,617

2,079

2,100
1,087
1,218
1,714
1,465

1,458
1,018
1,092
1.224
1,498

2,218
1,402
1,252
1,332
1,309

1,551
1,455
1,256
1,191
1,211

1,621
1,407
1,047
1,399
1,134

1,271
775
790
1,101
937

Totals
1936..
1937..
1938..
1939.•
191+0..
191+1..

1+6,931
45,081
48,699
56,917
59,951

3.296
2,673
2,935
3,853
3,809

3,108
3,023
3,396
4,235
4,248

3,811
4,039
4,428
5,089
5,300

5,096
4.692

4,139
4,286
4,541
5.184
5.122

4.134
3.918
4,o4i
4,575
5,571

4,124
3,539
4,105
5,126

5.334

4,508
4.035
4,148
5.005
5,080

4,200
3,692
4,21+2

5,180
5.711

3.474
4.565
4.319
5.450
5,744

5.209

3.340
3,168
3.958
4,215
4,101

Federal:
1936..
1937..
1938..
1939-.
191+0..
191+1..

13.569
16,186
18,778
23,029
23,754

813
986
1,230
1,601
1,564

945
1,232
1,244
1.772
1.618

1,055
1,374
1,727
2,081
2,276

1,141
1,633
1,849
2,555
2,413

1,081
1,675
1,654
2,153
2,236

1.437
1,563
1,560
2,011
1,942

1,068
1,549
1,619
1,638
2,149

1,147
1,338
1,544
1,947
2,168

1,254
1.304
1,469
1.994
1,970

1,297
1,286
1,701
1,798
2,036

1,009
1,070
1,626
1,815
1,647

S t a t e member:
1936
1937
1938
1939
I9I+0
191+1

22,873
25.950
27,591
31.796
34.063

1,722
1,439
1,536
2,037
2,114

1,496
1,559
1,869
2,253
2,387

1,771
2,370
2,1+64
2,766
2,812

2,849
2,509
2,425
2,467
3.070

1,860
2,484
2,426
3.030
3,284

1.909
2,480
2.853
3,083
2,932

1,764
2.256
2,231
2,724
3,228

2,007
2,096
2,419
3,037
2,988

2,018
2,461
2,495
2,924
2,995

1,991
2,240
2,403
2,758
3,056

1,546
2.034
2,109
2,286
2,405

Nonmember:
1936....
1937-...
1938....
1939....
191+0....
191+1....

10,489
2,945
2,330
2,092
2,134

667
232
283
210

985
295
237
21+2
212

1,106
550
181
158
228

533
406
239
267
224

793
243

1,302
113
191
213
194

970
105
142
142
178

1,236
270
184
87
115

912
166
138
189
117

785
64
223
114
49

694

5.451
10,028
7,547
8,505
11,841

# 6.039
9,787
8,056
9,304
11,358

* 7,035
11,102

1,274
2,628
2,208
2,418
3.695

1,498
3.156
2,640
2,869
5,246

2,321
4,042
2,995
3,049
4,165

*

7.364

I

7,189
6,835
8,886
11,051

9 5,162
6,288
6,597
8,426

9.549

DISTRICT NO. 8

788

944
1,182
1,293
1,443

882
998

DISTRICT NO. 9

14




761
248
169
215
131

243

4.455

126
90
248:

4.745

Federal Home Loan Bank Review

Table 11.—Estimated volume of new home-mortgage loans by all savings and loan associations, by
Federal Home Loan Bank District and by class of association, 1936-1940—Continued
[Amounts are shown in thousands of dollars]
Bank District and class
of association

Jebruary

July

April

August

September

DISTRICT NO. 10

Total:
1936.,
19371936.
1939.•
19l»0..
191*1..

t 56,062
1*6,1*76
1*1,11*8
1*7.505
51,052

$ 3.804
2,508
2,691
3,023

Federal:
1936.
1937.
1938.
1939.
191*0.
191*1.

i 1+.1+80
4,614
3,61+6
4,187
4,526

* 5,030
4.808
3,592
3.699
5,035

$4.81+4
4.509
3,687
4,555
4,815

* 5,419
4,605
4.052
4.501
4.874

• 4,944
3.695

2,905

* 3,51*3
3,093
2,91*9
2,888
3,326

2,980
3.955
4.920

* 4,927
4,011
3,302
4,471
4,863

* 5,114
4.01+3
3.581
4.251
4.358

I 5.464
3.689
3.633
4.H6
4.565

* 4.425
3.398
3.276
3.733
3.481

ll*,5l*l+
18,979
18,116
23,31*0
26,818

922
987
1,267
1.391*
1,1*37

991
1,126
1,185
1.231*
1,71*8

1,166
1,763
1,607
2,189
2,505

1,312
2,01+0
1,551
1,830
2,764

1,200
1,809
1,526
2,1+63
2,568

1.214
2,027
1,711
2,282
2,569

1.402
1,670
1.264
1.871
2,517

1,219
1,797
1,463
2,129
2,366

1,254
I.690
1.572
2,11+4
2.273

1,354
1,439
1.712
1,960

2.437

1.133
1.321
1.465
1.843
1.752

13.579
12,1*21
12,290
12,162
11,960

869
676
660
873
697

878
861+
1,012
923
782

1,274
1,136
1,256
1,028
973

1,295
I.313
1,063
885
1,120

1,060
1,138
1,124
1.091
1,118

1,645
1,260
1,201
1,140
1,149

962
949
987
1,023
1,061

1,182
1,014
956
1,238
1,070

1.357
1,239
1.113
1,076
1,100

i.093
1,034
953
1,080
1,149

999
879
949
843
948

27.939
15.076
10,71*2
12,003
12,271*

2,013
81*5
761+
756
771

1,674
1,103
752
731
796

.2,01+0
1,715
783
970
1,01+8

2,1+23
1,455
978
984
1,151

2,584
1,562
1,037
1,001
1,129

2,560
1,318
1,11*0
1,079
1,156.

2,580
1,076
729
1,061
1,342

2.526
1,200
883
1,104
1,1*27

2,503
l.ll4
896
1,031
985

3.017
1,216
968
1.076
979

2.293
1,198
862
1,047
781

Total:
1936..
1937..
1938.
1939-.
191*0..
191*1..

32,971
33.839
28,007
3U.673
1*1,275

1,788
1,782
1,630
1,721

1,875

2,271

2,221
1,615
1,915
2,577

2,575
3,849
2,712
2,720
3,604

2,752
4,192
2,670
2,909
4.154

2,865
3.767
2.645
3.234
4,199

2,811
3,606
2,547
3.608
3.592

2,773
3,062
2,318
3,270
3.736

2,815
2,693
2,699
3.149
3.858

3.747
2,729
2,530
3.265
3.770

3.166
2,259
2.1*26
3.286
3.523

2,588
1.807
2,021+
3.089
3.212

Federalt
1936-.
1937..
1938..
1959..
191*0..
191*1..

16,917
19.755
15.1+26
20,550
25,615

1,259
992
962
1,1+22

691*
1,1*77
927
1,171*
1,61*3

1,273
2,292
1,613
1,619
2,234

1,1+04
2,1+87
1.589
1.835
2,523

1.41*6
2,201
1,310
2,210
2,551

1,558
2,007
1,269
1,915
2,261

1,770
1,659
1,126
1,855
2,436

1.593
1.549
1.485
1,975
2,252

1,748
1,494
i»4ii
1,900
2,364

1.665
1,21*8
1.433
1,908
2,261

1,267
1,043
1,067
1,666
1,869

11*, 110
12,266
9,608
12,028
13,800

523
509
668
756

71*1+
601+

1,039
1,370
' 794
1,014
1,182

1,062
1,494
858
969
1.409

1,292
1.339
1,050
936
1,1+89

1,132
1,388
963
1,1*13
1,217

935
1,177
778
1,166
1,170

1,067
1,042
871
1,086
1.357

1,840
1,003
933
1,191
1,262

1,356
923
785
1.115
1,113

1,284
638
733
1,103
1,074

1,91*1*
1,818
2,973
2,095
1,860

237

325

129
91
93

"ai*

263
187
305
87
188

286
211
223
105
222

127
227
285
88
159

121
211
315
280
114

68
226
414
249
130

155
102
343
88
249

159
232
186
174

144

145
88
208
26 3
149

37
126
224
320
269

Total:
1936.,
1937.,
1938.,
1939.
191*0.,
191*1..

57,617
72,583
69,751*
77,163
93,585

3,221
5,070
5.01*1*
5,616

3,910
5.171*
5.679
5.621+
6,713

5.181
8,282
6,507
7,271
8,328

5.626
8,054
6,1+22
6,953
9,570

4,294
7,279
6,281+
7,194
8,658

4,792.
7.278
5.901
7,065
7,141

4,789
5.987
5.076
6.344
8,209

4.883
5.897
6,133
6,797
8,139

5.293
5.543
5.605
"5.769
7.913

5.636
5.364
6,138
5.807
8,418

4,772
4,700
5,280
6,086
6,973

Federal:
1936..
1937..
1938..
1939.<
191+0..
191*1..

21*,1+11
32,001*
28,1+1+3
1*0,01*6
5L038

1,085
2,151

1,589
2,21+2
1,777
3,010
3,503

2,063
3.550
2,077
3.612

4,393

2,1+22
3.769
2,637
3.576
5.560

1,706
3,194
2,299
3.575
4.870

2,092
3.093
2,250
3.672
4,019

2,207
2.781
2,327
3.057
4,903

2,256
2,671
2,697
3.698

4.346

2.4S3
2.1+29
2,688
3.260
4.167

2,361
2,181
2,561
3.112

4.374

2,078
2,059
2,541
3,206
3,716

S t a t e member:
1936
,
1937
1938
1939
,
1940
,
191*1
•

27.959
36,393
36.1+59
33.926
39,919

2,711
2,928
2,521

1,668
2,521
2,977
2,1*53
3,120

2,410
4,364
3,565
3,412
3,707

2,441
4.057
3.123
3.084

3.757

2,082
3.500
3.776
3.427
3,499

2,427
3.71*2
3.107
3,203
2,924

2,216
3,031
2,669
2,718
3,094

2,367
2,949
3,005
2,967
3.537

2.570
2,918
2,728
2,353
3.498

2,976
2,755
3.1*04
2,298
3.790

2,458
2,192
2,546
2,1+30
3.009

5,21*7
1*,186
1*,852
3.191
2,628

653
411
925
161
90

708
368
865
247
228

763
228
662
293
253

506
585
209
192
289

273

1*72
1*78
121
161

443
544

366
185
80
569
212

260
277
431
132
256

196
189
156

299
1*28
173
397
254

S t a t e member:
1936
,
1937
•
1938
1939
1940
,
1941
•
Nonmember:
1936....
1937-...
1938...,
1939...,
191*0....
1941....
DISTRICT NO. 11

S t a t e member*
1936
1937
1938
1939
191*0
191*1
Nonmember:
1936....
1937....
1938....
1939....
191*0....
191+1

856
581

160
1*5

DISTRICT NO. 12

Nonmember:
1936....
1937
1938
1939
191*0
191+1....,

Statistical Supplement




5.933

2,567
3,251

1,589
2,1*1*7

547

190
198

236

449
193
450
248

15

Table 12.—Estimated volume of nonfarm mortgages recorded, by type of mortgagee, 1939-1940
[Amounts are shown in thousands of dollars]
S a v i n g s and l o a n
associations
Period

Banks and
t r u s t companies

Insurance
companies

Total

Percent

Total

Percent

25,575
25,417
33,589
35,098
39,406
38,964
198,049
37,141
40,951
40,112
39,680
36,831
36.191
230,906
428,955

29.7
31.3
32.3
33.8
34.4
33.2
32.6
33.6
34.6
35.2
33.6
33.1
33.3
33.9
33.3

3,763
3,473
4,411
4,375
4,799
5.114
25,935
4,706
5,145
4,984
5,381
5,164
5.267
30,647
56,582

4.4
4.3
4.2
4.2
4.2
4.4

30,005
31,015
38,734
44,188
49,166
45,564
238,672
46,667
46,706
45,595
48,145
39,180
37,984
264,277
502,949

31.3
32.8
34.7
35.4
36.3
36.0
34.6
35.3
34.7
35.5
34.8
33.5
32.8
34.5
34.6

4,392
4,240
4,631
5,484
5,887
5,922
30,556
6,228
6,525
6,091
6,977
5,816
5,736
37,373
67,929

4.6
4.5
4-2
4-4
4.3
4.7

$61,376
60,324
82,499
84,565
96,156
96.996
^81,916
92,730
101,858
99,484
99,460
92,431
. 90,327
576,290
1,058,206

26.5
28.2
29.3
30.2
30.8
30.2
29.4
30.3
31.7
32.3
30.6
30.0
29.8
30.9
30.2

$19,308
17,941
22,723
22,228
23,886
24,437
130,523
23,763
26,365
25,323
27,214
26,571
26,945
156,681
287,204

8.3
8.4
8.1
7.9
7.6
7.6

74,711
76,944
96,244
110,787
123,485
116,595
598,766
118,914
121,979
117,928
125,009
102,267
98,765
684,862
1,283,628

28.4
30.1
32.0
32.5
33.1
32.8
31.7
32.4
32.4
33.0
32.2
31.2
30.2
31.9
31.8

21,989
21,350
23,084
27,091
29,075
28,909
151,498
30,602
31,839
29,401
33,818
27,900
28,666
132,226
333,724

8.4
8.4
7.7
8.0
7.8
8.1

Mutual
savings banks
Percent

Individuals
Percent

Total

Other
mortgagees
Total

Total

Percent

Total

Percent

Total

Percent

Total

19,138
18,159
23,373
22,412
24,523
25.691
133.296
22,728
23,776
23,759
25,696
24,695
24.191
I/,/,. 845
278,141

22.2
22.4
22.5
21.6
21.4
21.9
22.0
20.6
20.1
20.8
21.8
22.2
22.3
21.3
21.6

2,446
2,278
2,522
2,727
3,311
3.719
17,003
3,856
4,023
3,761
3,901
3,500
3.457
22.498
39,501

24,528
2.8
21,558
2.8
27,062
2.4
2.6
26,282
2.9
27,594
3.2
27.929
2 . 8 J 154.953 1
27,668
3.5
28,491
3.4
27,108
3-3
27,909
3.3
26,222
3.1
3.2
25.610
3-3 1 163.008 j
317,961 1
3.1

10,710
28.5
10,235
26.6
13,099
26.0
13,012
25.3
15,033
24.0
15.902
23.8
25.5 1 77.991
25.0 1 14,391
24.0
16,083
23.8
14,254
15,386
23.7
14,853
23.6
13.934
23.6
23.9 1 88.901
166,892
24.7

100.0
86,160
12.4
81,120
100.0
12.6
104,056
100.0
12.6
103,906
100.0
12.5
114,666
100.0
13.1
117r319
13.5
100.0
607,227
100.0 .
12.8
110,490
13.0
100.0
100.0
118,469
13.6
100.0
113,978
12.5
117,953
13.0
100.0
111,265
13.4
100.0
108.650
12.8
100.0
680.805
13.1
100.0
12.9 1,288,032 | 100.0

21,061
20,110
24,288
26,711
28,495
26,986
147.651
28,511
29,137
27,924
31,202
25,988
25,837
168,599
316,250

22.0
21.2
21.7
21.4
21.0
21.3
21.4
21.6
21.6
21.8
22.5
22.3
22.3
22.0
21.7

2,675
2,548
2,823
3,465
4,111.
4.237
19.859
4,328
4,298
4,257
4,548
4,024
3,847
25.302
45,161

2.8
2.7
2.5
2.8
3.0
3.3

24,884
24,193
27,658
29,532
30,704
27.896
164.867 1
29,689
30,858
28,164
30,635
27,507
27.823
174.676 1
339,543

25.9
12,844
25.6
12,548
24.7
13,655
23.7
15,3a
22.7
17,219
22.0
16.126
23.9 1 87.733
22.4
16,837
22.9
17,178
21.9
16,391
16,975
22.1
14,239
23.6
14,680
24.0
96.300
22.8
184,033
23.3

100.0
13.4
100.0
13.2
100.0
12.2
100.0
12.3
12.7
100.0
12.7
100.0
12.7
689.338 1 100.0
132,260 j 100.0
12.7
100.0
134,702
12.8
100.0
128,422
12.8
100.0
12.3
138,482
12.2
•100.0
116,754
12.7
100.0
115,907
12.5
100.0
766,527
12.6 1,455,865
100.0

$62,265
56,617
73,613
70,980
79,018
82,324
424,817
72,403
75,267
74,388
83,561
80,020
80.050
465,689
890,506

26.9 $8,164
7,522
26.5
9,264
26.1
9,954
25.3
25.3 12,261
25.7 13.509
25.9 60,674
24.1 14,255
23.4 14,378
24.1 13,347
25.7 14,646
26.0 12,478
26.4 13.155
25.0 82.259
25.4 142,933

3.5
3.5
3.3
3.5
3.9
4.2

$45,322
39,139
50,430
49,598
51,719
52.799
289.007
51,096
52,489
50,028
50,587
48,228
46.995
299.423
588,430

19.6
18.3
17.9
17.7
16.5
16.5
17.6
17.0
I6.4
16.2
15.6
15.7
15.5
16.0
16.8

$35,082
32,370
43,017
43,161
49,536
50,748
253,914

66,342
62,065
75,650
82,569
91,164
87,552
465.342
92,658
93,931
89,051
98,462
82,971
83,426
540,499
1,005,841

25.3 10,520
9,485
24.3
25.2 10,543
24.3 13,122
24.5 15,394
24.6 16,493
24.7 75,557
25.3 16,067
24.9 15,903
24.9 15,566
25.3 16,826
25.4 15,122
25.5 14,918
25.2 94,402
25.0 169,959

48,026
45,333
51,596
56,561
58,372
52,973
312,861
55*191
56,770
52,936
59,124
51,504
51,964
327,489
640,350

18.3
17.7
17.2
16.6
15.7
14-9
16.6
15.0
15.1
H.8
15.2
15-7
15-9
15.3
15-9

a,095
40,451
43,303
50,203
54,981
52,9a
282,974
53,622
56,394
52,636
55,734
47,621
48,885
314,892
597,866

1939

July

•.

1940

July

4.3

4.3
4-3
4.4
4.6
4.6
4.8
4.5
4-4

4.5

4.7
4.8
4-7
5.0
5.0
4.9
4.9
4.7

2.9

3.3
3.2
3.3
3.3
3.4
3.3
3.3
3-1

an

NUMBER:

19a

TOTAL
AMOUNT:

May
July

7.9

7.9
8.2
8.4
8.4
8.6
8.9
8.4
8.2

3.7

4-7
4-5
4.3
4-5
4-0
4.4
4.4
4.0

Bill

1939

285.370
539,284

15.2 $231,517
15.1
213,913
15.3
281,546
15.4
280,486
15.9
312,576
15.8
320,813
15.5 1,640.851
300,680
15.5
321,014
15.8
308,278
14.7
324,746
15.2
308,119
15.7
15.0
302.875
15.3 1,865,712
15.4 3.506,563

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

1940

May

July

8.0

8.3
8.4
8.2
8.7
8.5
8.8
8.5
8.3

4.0
3.7
3.5
3-9
4.1
4.7
4.0

!
;

4.4
4-2
4.4
4-3
4.6
4.6
4-4
4-2

15.6
100.0
262,683
15.8
100.0
255,628
14.4
100.0
300,420
14.7
340,333. 100.0
14-8
100.0
372,471
100.0
14.9
355,463
100.0
15.0 1,886,998
14.6
367,054 1 100.0
100.0
15.0
376,816
14.7
100.0
357,518
100.0
H.3
388,973
327,385
14.6
100.0
326,624
100.0
15.0
100.0
14.7 2,144,370
100.0
' 14.8 4,031,368

1941

April
May

16




Federal Home Loan Bank Review

Table 13.—Estimated volume of savings and loan nonfarm mortgages recorded, by Federal Home Loan
Bank District and by State, 1939-1940
[Amounts are shown in thousands of dollars]
F e d e r a l Hone Loan Bank
D i s t r i c t and S t a t e

Year

Annual
Total

(Percent
of
J t o t a l I January
[record1 ings

February

March

April

May

June

Percent
of 1 s t
half
recordings

July

$92,431
102,267

$90,327
98,765

30.9
31-9

10,951
12,353

10,433
12,710

10,560
12,577

10,245
11,885

9,680
10,250

35-7
37.5

1,134
1,453

1,023
1,149

776
1,164

9a
1,109

924
1,369

36.6
34-4

610
676

655
439

716
746

830
698

573
512

616
481

32.0
30.8

6,754
9,290

43.2
44-8

7,a7
9,261

7,566
9,269

7,603
9,358

7,555
9,300

7,326
8,813

6,981
7,565

45,7
48.1

a3
02

39.9
39.5

329
371

620
481

462
379

306
349

325
360

328
338

629
936

448
792

28.8
37.4

531
867

705
719

592
830

740
906

898
610

700
471

2a
351

375
4S1

254
253

39.9
39-5

202
228

382
296

284
233

188
215

199
221

202
208

6,028
5,400

6,549
7,157

7,534
8,765

7,811
8,203

20.4
20.7

7,706
9,289

8,330
9,376

7,930
9,591

7,787
9,763

6,670
8,489

6,687
7,506

21.6
22.0

2,216
2,080

3,051
2,585

2,616
2,736

3,100
3,431

3,472
3,306

22.4
22.9

3,013
3,686

3,206
3,303

3,127
3,680

3,212
4,124

2,539
3,238

2,423
3,285

21.7
21.8

2,529
3,111

2,685
2,732

2,977
2,815

3,933
4,421

4,434
5,334

4,339
4,897

19.0
19.3

4,693
1 5,603

5,124
6,073

4,803
5,911

4,575
5,639

4,131
5,251

4,264
4,221

21.6
22.1

29.7
29.0

1 3,851
| 5,214

3,618
5,102

5,577
6,674

5,931
7,044

7,017
8,079

6,842
7,777

29.2
29-4

7,510
8,667

6,038
7,618

6,309
6,955

7,143
7,399

6,143
6,788

6,527
6,369

30.1
28.7

1,711
2,054

15.3
16.9

111
142

95
133

126
157

124
183

HO
217

151
202

15-1
16.3

138
222

165
215

155
196

176

170
121

160
125

15.4
17.5

1939
1940
19a

56,357
72,a3

28.3
30.4

2,878
4,331

2,661
4,500

4,225
5,939

4,678
5,998

5,673
6,923

5,449
6,688

28.0
30.6

6,066
7,434

4,903
6,536

4,671
5,986

5,592
6,587

4,549
5,924

5,012
5,567

28.6
30.3

1939
1940
19a

14,438
9,219

42.2
24.2

862

7a

862
469

1,226
578

1,129
863

1,204
939

1,242
887

39-9
26.7

1,306
1,011

970
867

1,483
773

1,375
671

1,424
743

1,355
677

44-4
22.3

1939
1940
19a

148,753
189,946

37.2
39.0

8,965
11,139

8,472
11,607

11,946
13,928

13,023
11,697
15,595 . 1 7 , 5 8 5

13,448
16,953

36.5
38.9

12,780
18,102

14,395
17,511

13,515
17,382

14,851
18,536

13,224
16,082

12,437
15,526

37.9
39.0

ill ill ill III III ill III m

3,869
4,179

15.2
H-4

199
211

225
289

301
462

265
548

278

227
333

13.2
15-4

311
309

423
295

507
408

511
380

352
306

270
297

16.7
13.5

25,002
28,889

42.6
43-7

1,307
1,732

1,492
1,807

2,320
2,249

2,023
2,168

2,197
2,6a

2,205
2,796

40.8
44.9

2,052
2,784

2,275
2,534

2,199
2,362

2,479
2,658

2,371
2,830

2,082
2,328

44.3
42.8

18,135
27,714

27.8
31.4

1,080
1,609

985
1,654

1,054
2,255

1,537
2,729

1,637
2,656

1,720
2,834

27.2
31.6

1,445
2,162

1,908
2,763

1,799
2,580

2,088
2,382

1,538
2,012

1,344
2,078

28.3
31.2

12,469
16,078

30.5
32.7

728
1,260

559
897

951
1,161

979
1,292

1,016
1,432

1,032
1,039

28.4
31-2

916
• 1,516

1,394
1,704

1,312
1,509

1,254
1,637

1,303
1,376

1,025
1,255

32.3
33.9

26,138
33,201

45.5
51.5

1,550
1,982

1,289
2,062

2,L£
2,013

1,861
2,969

2,166
3,146

2,375
2,931

42.3
52.4

2,222
3,320

2,506
3,107

2,476
2,798

2,790
3,582

2,399
2,653

2,362
2,638

48.3
50.8

32,016
40,220

55.6
51.8.

2,076
2,368

2,009
2,939

2,667
3,227

2,a8
3,023

2,950
3,815

2,752
3,591

55.8
52.0

3,057
4,045

3,045
3,193

2,601 1 2 , 7 5 2
3,358
3,679

2,784
3,462

2,905
3,520

55.5
51.6

9,391
9,223

34.1
32.6

687
446

627
571

7a

901

628

7a

827
932

1,028
778

36.0
31.8

804
808

853
1,024

608

886
912

743
914

453
861

32.3
33.3

21,733
30,442

32.7
36.1

1,338
1,531

1,770
1,933

l>713
2,125

1,952
2,622

2,109
2,651

33.0
35.5

1,973
3,158

1,991
2,891

1,780
3,438

2,091
3,627

1,734
2,529

$61,376
74,711

$60,324
76,944

$82,499
96,244

$84,565
110,787

1939
1940
19a

105,422
131,279

34.8
37.3

5,969
8,537

5,256
7,171

6,124
7,806

6,473
9,645

10,077
12,931

9,431
12,558

33-6
37-0

10,223
12,856

1939
1940
19a

9,908
12,926

13-7
16.2

734
735

637
749

636
777

536
999

854
1,107

860
1,128

12.8
15-9

1939
1940
19a

7,403
7,000

34.0
32.5

447
525

432
403

546
500

436
602

840
735

702
683

1939
1940
19a

73,478
94,251

44-7
46.6

3,789
5,939

3,359
4,803

3,951
5,256

4,409
6,508

6,768
8,889

1939
1940
19a

4,809
5,383

33.1
33-4

352
448

306
425

364
465

393
572

611
783

1939
1940
19a

6,871
8,411

32.2
36.5

431
615

335
530

404
522

458
613

1939
1940
19a

2,953
3,308

33.1
33.4

216
275

187
261

223
286

1939
1940
19a

82,844
94,080

21.0
21.4

4,911
5,729

4,901
4,812

1939
1940
19a

34,357
38,072

22.0
22.3

2,382
2,618

New York

1939
1940
19a

48,487
56,008

20.4
20.8

No. 3 — P i t t s b u r g h

1939
1940
19a

72,506
83,686

1939
1940
19a

No. 2 — New York

West V i r g i n i a

Statistical Supplement




Percent
of 2nd
half
recordings

$99,460
125,009

$92,730 j$101,858
121,979
118,914

30.2
31.8

Maine

September October November December

*99,4S4
127,928

$96,156 $96,996
123,485 116,595

1939 k l , 0 5 8 , 2 0 6
1940 1 , 2 8 3 , 6 2 8
j 19a

UNITED STATES

August

1,286
1,388

3a

29.4
31-7

sa

ia

853 I 1 4 . 5
1,187
16.4

r
28.1

34-8
35.7

28.2

"L

1,9961

32.4
2,549 fl 3 6 . 6

17

Table 73.—Estimated volume of savings and loan nonfarm mortgages recorded, by Federal Home
Loan Bank District and by State, 1939-1940—Continued
[Amounts are shown in thousands of dollars]
f e d e r a l Home Loan Bank
D i s t r i c t and State?
No. 5 —

Cincinnati.,

Kentucky..

Annual
Total

Percent|
of
total
recordings

percent
of l s t |
half
recording

April

1939 £L68,244
216,592
1940
3 941

42.2
47.0

7,428
3,895

•/7,412
12,188

513,747
17,156

$14,429
19,602

21,897
26,402

43.2
49.3

1,283
1,389

1,043
1,606

1,539
2,330

1,858
2,524

2,245
2,359

2,409
2,257

1939
1940
1941

140,339
182,412

47.1
51.5

5,sa

6,086
9,869

11,847
14,047

11,997
16,397

12,808
18,266

13,3:24
16,469

1939
1940
1941

6,008
7,778

12.2
14.6

304
493

283
713

361
779

574
681

375
530

422
676

1939
1940
1941

65,703
79,738

27.7
27.9

3,764
4,448

4,504
4,964

4,632
5,301

5,114
6,388

5,776
7,009

1939
1940
1941

40,957
49,171

42.6
42.3

2,334
2,556

2,969
3,644

2,880
3,448

3,310
4,108

1939
1940
1941

24,746
30,567

17.6
18.0

1,430
1,892

1,535
1,320

1,752
1,853

88,123 I 3 1 . 9
115,598 I 3 6 . 5

4,701
6,474

4,817
7,195

64,674
86,918

32.4
38.1

3,420
5,014

23,449
28,680

30.7
32.5

73,3a
81,656

$15,428 £16,155
19,402

percent
o f 2nd
December! h a l f
[recordings

a.6

£14*055
20,599

£17,316
21,619

$16,684
19,155

$16,359

47.4

$15,180
16,779

44-4
50.4

1,794
2,325

1,905
2,137

1,824
2,248

2,195
2,440

1,797
2,649

11,788
17,520

14,783
18,722

14,107
16,293

13,471
1 8 , 514

12,743
13,585

9.8
16.6

473
754

628
760

753
6U

693
665

640
545

5,667
7,471

28.4
28.0

5,789
7,564

6,442
8,184

6,449
7,567

6,426
8,724

5,758
6,154

3,748
4,146

3,390
4,706

43.0
43.3

3,493
4,490

3,997
5,192

4,123
4,390

3,763
5,284

3,447
3,634

1,804
2,280

2,028
2,863

2,277
2,765

17.9
17.3

2,296
3,074

2,445
2,992

2,326
3,177

2,663
3,440

2,311
2,520

5,850
8,276

7,302
9,921

7,776
11,754

8,1B1
10,733

29.8
36.0

8,235
9,173

7,978
10,457

8,272
11,149

8,963
11,655

8,166
9,551

3,486
5,505

4,343
6,216

5,590
7,654

5,790
8,995

6,022
8,006

30.1
37.3

5,980
6,a9

5,702
7,412

5,881
8,743

6,234
8,659

6,110
6,916

1,281
1,460

1,331
1,690

1,507
2,060

1,712
2,267

1,986
2,759

2,159
2,727

29.1
32.4

2,255
2,754

2,276
3,045

2,391
2,406

2,729
2,996

2,056
2,635

30.0
29.7

3,542
3,814

3,827
3,720

5,146
5,692

5,569
7,179

6,801
8,436

6,886
7,651

29.1
28.6

6,618
7,674

7,497
8,438

7,719
8,586

15,950
19,274

34.3
34.3

650
884

940
962

1,333
1,613

1,443
1,695

1,598
2,088

1,393
1,804

33.6
34-0

1,355
1,753

1,545
1,960

1,587
1,900

1,328
2,158

1,448
1,267

30,381
32,377

40.3
39.9

1,769
1,615

1,696
1,356

2,077
2,009

2,261
3,054

2,995
3,626

3,298
3,178

a-i

2,866
3,526

3,106
3,639

3,233
3,372

2,598
3,066

2,240

22,388
25,326

20.2
20.8

862
1,062

933
1,129

1,390
1,709

1,483
1,911

1,691
2,201

1,799
2,104

1,952
2,020

2,243
2,520

2,535
3,033

2,771
2,183

2,670
3,247

47.2
42.1

171
147

165
250

220
265

242
374

311
364

191
355

53.6
42.7

236
257

314
240

237
339

180
289

196
181

1,992
1,432

32.8
18.8

90
106

126
96

140
145

206
157

205
210

36.5
23.9

209
118

289
79

207
87

137
292

150
42

70,143
78,611

32.7
32.6

5,086
5,664

4,887
5,750

6,144
7,107

5,953
7,188

6,296
7,622

6,157
6,963

32.5
33.8

5,281
6,138

6,469
6,922

6,555
6,422

5,852
7,091

5,845
5,523

5,394
6,125

36.4
34.6

365
426

342
556

466
623

625
633

504
614

463
445

36.1
37.7

319
483

530
521

432
438

402
627

465
363

28,437

51.2

1,745
1,946

1,650
2,103

2,150
2,888

2,oa
2,373

2,100
2,545

1,972
2,407

52.9
54-5

1,819
2,314

2,070
2,480

2,132
2,546

1,860
2,577

1,599
2,147

1939
1940
1941

3,108
3,267

23,4
22.1

179
202

180
268

243
344

282
374

248
303

219
247

22.4
23.9

200
251

302
259

478
268

280
319

259
212

1939
1940

2,769
2,898

33.132.1

185
239

172
214

237
182

230
284

264
321

273
347

33-0
32.9

249
239

261
224

240
234

252
271

246
202

2,612
2,851

2,543
2,609

3,048
3,070

2,775
3,524

3,180
3,839

3,230
3,517

26.2
26.8

2,694
2,851

3,306
3,438

3,273
2,936

3,058
3,297

3,276
2,599

1939
1940

$14,051 ] 4 2 . 8

19a

No. 6 —

Indianapolis.,

Michigan.

No. 7 —

Chicago.

1939
1940

9,013

I

19a
1939
1940

I

19a
1939
1940

19a

No. 8 —

Dea Moines.

1939
1940

6,805
5,572

19a
1939
1940

19a
1939
1940

19a
1939
1940

39.2

19a
North Dakota..

1939
1940

19a
South Dakota.

1939
1940

19a

No. 9 —

Little Rock.,

1939
1940

19a
1939
1940

19a
1939
1940

19a
Mississippi.,

19a
1939
1940

19a

18




35,880
37,884

i

I

Federal Home Loan Bank Review

Table 13.—Estimated volume of savings and loan nonfarm mortgages recorded, by Federal Home
Loan Bank District and by State, 1939-1940—Continued
[Amounts are shown in thousands of dollars]
Percenl
of
t o t a l | January Februaryrecord_ings

Federal Home Loan Bank
District and State

No. 10 — Topeka.

No. 11 —

Portland.,

April

1939
1940
1941

$55,345
62,369

39.9
40.6

H$3,378
I 3,571

$3,206
3,577

$5,176
5,278

1939
1940
1941

8,831
9,698

26.3
25.8

557
525

421
446

732
833

970
883

1939
1940
1941

12,633
14,586

a.s

708
735

1,112
1,199

968
1,307

1939
1940
1941

14,309
14,790

53.4
51.2

)25
703

717
770

1,359
1,021

993
' 1,561

1939
1940
1941

19,572
23,295

40?
4-34

1,188
1,608

1,302
1,492

1,973
2,225

1939
1940

38,4a
45,505

30.7
30.4

2,330
2,748

2,456
3,044

1939
1940
1941

2,511
2,755

23.3
21.8

239
156

1939
1940
1941

3,915
4,076

36.5
37.3

1939
1940
1941

8,760
10,718

1939
1940
1941

Percent
of 1st
half
recording

May-

$4,443 $4,794 $5,197
6,025 6,123 5,978

August

Percent
lof 2nd
December! half
record-

September] October

_iSS£_

39.7
40.9

$4,476
6,054

$5,434
5,815

$5,209
5,547

$4,873
5,674

$4,466
4,173

$4,693 | 40.1
4,554 I 40.4

747
963

843
842

27.0
25.3

653
829

817
1,014

844
957

776
1,018

750
640

721
748

25.7
26.3

1,149

1,097
1,374

39.8
42.5

1,150
1,451

1,060
1,380

1,412
1,316

1,267
1,403

969
1,042

975
1,092

43-7
44.8

1,307
1,569

1,453
1,5a

53.6
53.1

1,226
1,555

1,656
1,494

1,175
1,305

1,057
1,311

1,175
1,017

1,266
943

53.3
49.5

1,512
2,274

1,591
2,173

1,804
2,221

40.8
43.9

1,447
2,219

1,901
1,927

1,778
1,969

1,773
1,942

1,572
1,474

1,731
1,771

42.9

3,186
3,905

3,303
4,352

3,575
4,879

3,613
4,020

31.7
31.1

3,283
3,836

3,348
4,151

3,535
4,189

3,650
4,173

3,235
3,215

2,927
2,993

29.9
29.7

192
115

235
222

178
345

183
292

192

27.6
23.1

169
33Q.

210
215

277
211

261
2a

209
168

166
172

20.3
20.5

203
336

284
223

293

350

3a
329

354
373

37.6
38.9

325
338

279
393

354
351

446
363

a9
387

249
228

35.6
35.8

31.9
31.1

540
598

513
720

33.1
30.7

730
987

743
1,040

760
1,162

829
1,040

744
678

702
750

30.8
31.4

3,668
6,139'

27.0
32.3

120
319

182
298

1939
1940
1941

17,404
19,561

31.0
29.7

1,087
1,187

1939
1940
1941

2,183
2,256

34.4
32.9

ia

1939
1940

89,301
104,568

16.8
18.0

1,649
2,536

43.7

i,as

19a

looming..

No. 12 —

Los Angeles.

763
855

712
1,068

233
427

363
566

440
707

431
564

27.9
33.2

223
476

362
542

409
595

280
615

268
556

357
474

26.2
31.5

1,125
1,478

1,398
1,828

1,447
2,054

1,674
2,151

1,505
1,707

31.0
30.7

1,634
1,517

1,608
1,777

1,582
1,651

1,623
1,747

1,401
1,267

1,320
1,197

31.1
28.7

160
210

231
187

211
203

198
256

203
159

37.0
35.7

202
188

146
184

153
219

211
167

194
159

133
172

31.9
30.4

7,451
6,478

6,968
7,814

8,943
9,721

7,802
10,691

7,608
9,147

16.9
18.1

6,774
8,962

7,660
9,535

6,874
8,675

6,218
8,960

6,694
8,056

8,250
7,643

16.6
17.9

14.2
15.5

100
144

93
167

129
181

125
309

144
208

349
266

14.0
14-5

149
183

156
286

143
176

150
188

146
195

165
233

14.4
16.7

87,285
101,462

16.9
18.1

7,329
6,327

6,854
7,610

8,785
9,500

7,649
10,313

7,883
8,893

7,426
8,561

17.0
18.3

6,592
8,738

7,469
9,154

6,699
8,460

6,035
8,730

6,516
7,818

8,048
7,358

16.7
17.9

367
570

14.2
15.9

152

19a
1939
1940

19a
1939
1940

19a
1939
1940

19a

14.0
13.9

14.3
17.9

Table 14.—Estimated volume of nonfarm real estate foreclosures in the United States, 1930-1940
Annual
Totals
1930..

150,100

1931.-

193,800

1932..

248,700

1933-.

252,400

I

January I February I

March

I

April I

May

I

June

J

July

j

August I September I October

I November I December

1934-

230,350

19,189

17,034

19,143

18,324

19,543

19,356

18,408

18,574

19,242

20,080

20,896

20,561

1935..

228,713

21,282

18,488

21,154

20,674

21,353

20,472

18,691

18,339

17,177

18,108

16,203

16,772

1936..

185,439

15,095

14,754

15,847

15,954

15,829

15,664

15,803

14,887

16,297

14,910

14,358

16,0a

1937..

151,366

13,259

12,516

14,157

13,945

14,249

14,517

13,069

10,972

11,970

11,023

10,784

10,905

1938..

118,505

10,150

9,779

11,080

10,810

11,058

10,784

9,197

9,390

9,384

8,601

9,242

9,030

1939..

100,961

8,524

8,290

9,220

9,044

9,853

9,123

8,524

8,149

8,227

7,156

7,683

7,168

1940..

75,310

6,483

5,818

6,379

6,404

7,138

6,597

6,293

6,128

6,294

6,305

5,832

5,639

Statistical Supplement




19

Table 75.—Summary of Federal Home Loan Bank advances for the United States, by months,
1932-1940
[Amounts are shown in thousands of dollars]
Type of operation

February

March

April

July

May-

August September October

January

838
90,027
38,681
59,130
93,257
123,251
81,958
94»781
134,212

2,744
5,237
2,232
5,071
6,570
3,723
2,923
4,386

5,928
3,357
1*298
3,784
4,260
4,071
2,334
2,011

13,839
2,899
2,123
4,511
8,591
4,901
3,898
4,375

7,920
2,356
4,103
5,836
9,641
6,089
3,581
4,973

8,732
4,103
3,795
7,207
12,170
7,551
6,307
9,884

8,894
2,950
5,353
11,560
17,769
14*846
16,839
23,481

6,608
3,621
5,074
8,507
10,221
4,944
6,823
15,543

6,622
2,572
6,972
7,831
11,116
4,294
7,768
12,209

6,822
3,196
6,370
9,576
9,330
6,561
10,152
" 12,897

7,535
3,378
8,067
9,487
8,991
4,736
9,605
12,067

7,273
2,108
5,329
6,414
7,001
5,247
5,827
8,953

838
7,110
2,904
8,414
13,473
17,591
14,995
18,724
23,433

5,437
37,450
42,994
50,651
68,557
83,211
112,310
114,033

1
1,638
6,905
5,065
8,225
13,279
22,913
28,911

50
1,844
6,741
3,642
6,800
7,091
10,571
14,284

208
3,414
6,049
4,096
7,077
9,293
12,899
11,248

470
5,559
2,708
3,222
6,234
5,465
8,018
8,805

218
5,583
1,970
2,257
4,825
4,791
5,572
6,186

284
3,143
1,957
3,895
4,203
5,131
5,789
3,593

528
3,626
3,429
4,993
7,707
9,277
14,198
10,718

355
2,784
1,824
4,714
5,080
6,768
9,885
6,029

508
2,080
1,963
5,027
5,426
6,429
5,935
5,251

1,251
2,579
2,904
4,313
4,461
5,066
4,638
6,588

1,840
3,836
4,094
3,707
4,780
5,659
4,932

866
3,360
2,708
5,333
4,832
5,841
6,233
7,488

3,581
89,027
81,985
102,800
143,745
190,538
178,852
156,788

9,459
90,540
76,542
102,942
141,205
187,518
170,614
144,515

23,090
90,025
72,616
103,358
142,720
183,125
161,614
137,642

30,540
86,822
74, OH
105,972
346,146
183,750
157,176
133,811

39,053
85,342
75,836
110,922
153,491
186,510
157,911
137,509

47,664
85,148
79,233
118,587
167,057
196,225
168,962
157,397

53,745
85,144
80,877
122,101
169,571
191,892
161,587
162,222

60,011
84,931
86,025
125,218
175,607
189,418
159,470
168,402

66,325
86,047
90,432
129,767
179,511
189,550
163,687
176,047

72,610
86,846
95,595
134,941
184,041
189,220
168,654
181,526

79,184
87,114
97,089
137,261
187,336
189,687
168,822
185,547

838
85,427
86,658
102,795
145,401
200,095
198,842
181,313
201,492

*—

I

1932.,
1933-.
1934.•
1935..
1936.,
1937.,
1938.
1939-.
1940.,
1941-.

1932-•
1933-.
1934-•
1935.1936.,
1937..
1938.,
1939.,
1940.,
1941..

November December

Annual

$

BALANCE OUTSTANDING AT
END OF MONTH
1932.,
1933-.
1934- 1935-.
1936..
1937..
1938.,
19391940. •
1941-

Table 16.—Balance of advances outstanding for each Federal Home Loan Bank, by months, 1932-1940
[Amounts are shown in thousands of dollars]
Federal Hone Loan Bank
District and year

January

February

April

May

July

August

September

October I November

No. 1 — BOSTON
1932.
19331934.
1935.
1936.
1937.
1938.
1939.
1940.
1941.

$

» —

4,269
2,426
3,135
6,058
8,896
7,633
5,993

4,146
2,358
3,190
5,943
8,426
7,222
5,313

38
4,013
2,276
3,127
6,017
8,047
6,369
4,838

246
3,721
2,193
3,197
6,150
8,145
6,072
4,705

31
10,710
14,076
15,340
18,013
18,785
17,515
20,023

569
11,333
13,582
15,210
17,822
19,017
17,408
19,149

1,582
11,850
13,247
15,199
18,125
18,265
16,800.
18,600

8,650
11,128
11,606
13,555
16,309
16,972
14,726

1,084
8,782
10,821
11,743
13,640
16,275
16,571
14,275

2,315
8,996
10,445
11,704
13,731
16,187
16,277
13,830

$ —
1,286
3,232
2,278
3,377
6,362
8,068
5,930
4,634

2,246
2,982
2,275
3,519
7,540
8,261
6,369
5,743

2,642
2,781
2,355
3,531
7,788
8,230
6,323
7,324

3,281
2,541
2,363
3,844
8,003
8,107
6,308
7,788

3,593
2,515
2,533
3,996
8,189
8,176
6,283
8,394

3,990
2,546
2,907
4,139
8,717
8,306
6,764
9,492

4,111
2,551
3,062
4,487
8,764
8,655
6,617
9,570

4,268
2,598
3,207
5,550
9,803
8,566
7,410
10,711

2,085
12,459
13,590
15,506
17,991
17,894
15,981
17,864

2,815
13,048
13,804
15,899
18,352
17,530
16,350
17,016

3,527
13,414
14,059
16,113
19,084
17,604
16,926
17,835

4,121
13,413
14,072
16,488
19,409
17,251
17,127
19,448

4,787
13,897
14,085
16,681
19,200
17,191
16,321
19,598

6,133
14,192
14,574
17,242
18,897
17,245
17,556
19,998

7,798
14,209
14,975
17,708
19,245
17,211
19,163
20,211

9,118
14,004
15,234
17,608
19,216
17,373
18,886
20,760

10,122
14,302
15,356
18,051
19,906
18,255
19,820
21,159

3,267
9,247
9,771
11,840
13,898
16,515
16,203
13,690

4,086
9,935
9,804
12,180
14,204
16,781
16,128
13,742

4,687
10,237
10,163
12,440
14,584
17,312
16,584
14,913

5,324
10,474
10,272
12,640
14,815
17,362
16,064
15,595

5,823
10,605
10,640
12,826
15,310
17,461
15,514
16,186

6,522
11,015
10,850
13,116
15,335
17,422
16,018
16,687

6,852
10,950
11,087
13,413
15,833
17,494
16,388
16,785

7,140
11,161
11,283
13,502
15,813
17,134
16,283
16,887

11,340
11,558
13,841
16,401
17,390
16,259
17,386

2 — NEW YORK
1932.
193319341935.
1936.
19371938.
1939.
1940.,
1941..
No. 3 — PITTSBURGH
1932.
19331934.
19351936.
1937.
1938.
1939.
1940.
1941.

20




Federal Home Loan Bank Review

Table 16.—Balance of advances outstanding for each Federal Home Loan Bank, by months,
1932-1940—Continued
[Amounts are shown in thousands of dollars]
F e d e r a l Home Loan Bank.
D i s t r i c t and y e a r

January

February

April

No. 4 — TfflNSTON-SALEM
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941

,

No. 5 —

$

$—

$ —

549
6,745
5,149
7,280
10,780
17,486
14,227
12,883

2,990
6,399
4,892
7,138
10,632
16,876
12,433
12,135

3,140
5,927
5,030
7,457
11,257
16,767
11,488
11,639

4,245
5,927
5,406
8,185
12,145
17,298
11,561
13,233

4,990
6,165
6,080
8,826
13,661
18,600
12,952
17,010

5,201
6,178
6,107
9,479
14,770
18,354
13,152
19,445

402
19,532
15,355
18,360
23,611
28,302
23,931
17,232

1,238
19,935
14,756
18,338
22,935
27,391
22,463
15,164

5,721
19,666
14,044
18,531
22,507
26,383
21,283
13,906

7,375
17,822
15,051
18,613
22,905
26,543
20,394
13,397

8,622
17,196
15,135
19,067
25,591
28,009
20,161
13,587

10,541
.16,877
15,374
20,576
26,337
28,389
19,728
14,645

11,862
17,179
15,449
20,394
26,821
28,083
18,960
15,713

597
7,132
5,318
4,618
8,033
12,103
12,126
9,650

1,569
7,197
4,715
4,529
8,168
12,113
11,563
9,050

1,874
6,727
4,355
4,320
8,320
11,752
10,427
8,756

3,203
6,455
4,215
4,597
8,447
12,230
10,234
8,057

3,834
6,224
4,150
4,742
8,704
12,086
10,152
8,216

4,523
6,174
4,095
6,390
9,476
12,084
10,516
9,422

585
11,098
11,291
17,256
24,703
31,407
30,528
23,205

1,589
11,197
10,549
17,664
25,238
31,707
29,470
22,572

3,054
11,197
10,543
17,677
25,081
30,925
27,626
21,394

4,002
11,296
11,070
17,971
25,869
30,699
26,728
21,396

5,272
11,266
11,653
18,871
26,313
31,050
26,670
23,045

528
4,519
3,776
5,391
9,164
15,010
15,318
14,587

4,551
3,408
5,578
9,240
14,711
14,703
13,644

1,484
4,558
3,194
5,671
9,564
14,453
14,424
12,681

1,842
4,436
3,222
5,722
9,500
13,980
13,826
11,681

1,084
6,694
4,002
7,257
10,178
10,788
9,122
8,275

1,700
6,665
3,298
7,450
9,771
10,668
8,806
7,287

3,050
6,624
2,901
7,705
9,581
10,714
8,445
7,046

110
4,187
4,253
4,764
7,220
10,283
10,967
9,956

305
4,534
3,604
5,020
7,177
10,197
10,508
9,021

2,570
1,918
3,153
4,556
6,360
5,374
4,607

50
2,865
2,815
4,295
7,363
14,080
13,280
13,651

*—
194
6,801
5,627
7,625
11,291
18,215
16,036
14,883

%

$

*—

6,121
6,195
7,388
10,043
16,949
18,018
16,056
24,569

6,473
6,383
7,820
10,466
17,489
18,312
17,255
26,095

6,704
6,326
7,354
10,989
18,306
18,240
16,800
26,327

12,844
16,690
15,994
21,012
27,184
26,371
18,013
16,026

14,385
16,856
16,400
21,710
27,843
25,666
17,530
17,002

15,707
17,220
17,574
23,006
28,219
25,472
17,538
17,055

16,774
16,937
17,657
23,348
27,969
25,534
17,760
17,377

4,925
6,044
4,113
6,581
9,747
12,094
9,601
9,235

5,116
5,883
4,251
6,474
11,069
11,897
9,205
9,125

5,319
5,884
4,273
6,938
11,105
12,742
9,363
9,603

5,831
5,898
4,330
7,373
11,306
12,453
9,996
10,044

6,555
5,948
4,504
7,423
11,852
12,793
10,047
10,499

6,365
11,299
12,325
20,142
27,779
32,558
27,419
25,056

7,599
11,409
12,700
20,872
27,987
32,364
26,689
24,845

8,468
11,813
13,802
21,779
28,838
32,519
25,493
26,426

8,968
11,803
14,351
22,702
29,329
31,837
25,349
27,007

9,447
11,837
15,309
23,347
29,641
31,690
25,125
27,450

10,104
12,067
15,983
23,840
30,263'
31,761
25,450
28,511

2,040
4,431
3,310
6,515
9,876
14,034
13,728
11,684

2,400
4,373
3,520
7,192
11,092
15,083
15,475
14,369

3,000
4,137
3,570
7,872
11,888
14,779
34,778
14,507

3,347
4,208
3,947
8,373
12,813
14,863
15,120
15,730

3,522
4,274
4,198
8,384
13,614
15,639
16,030
16,764

3,866
4,292
4,794
8,888
14,200
15,978
16,494
17,594

4,048
4,330
4,661
8,518
14,753
16,337
16,813
18,060

3,901
5,681
2,929
7,763
9,679
10,960
8,167
6,292

4,308
4,978
3,031
7,832
10,003
10,839
8,225
5,776

4,836
4,631
3,306
8,332
10,734
11,623
9,179
6,692

5,035
4,302
3,556
8,794
10,746
10,896
8,614
6,832

5,820
3,958
4,656
8,988
10,887
10,561
8,378
6,782

6,198
4,101
5,288
9,151
11,016
10,468
8,813
6,739

6,291
4,164
5,580
9,529
10,912
10,241
8,934
6,748

6,495
4,284
6,006
9,604
10,967
9,738
8,966
6,736

617
4,683
2,613
5,017
7,130
10,059
10,089
8,475

862
4,591
2,695
5,318
7,386
9,896
10,061
8,449

1,236
4,070
2,705
5,583
7,527
10,015
10,103
8,425

1,569
3,946
2,839
6,109
8,039
11,284
10,761
9,123

1,778
4,104
3,286
6,089
8,224
11,311
10,459
9,431

2,024
4,101
3,718
6,104
8,467
11,645
10,499
9,593

2,336
4,036
4,064
6,271
8,496
11,508
10,441
9,368

2,535
4,196
4,252
6,502
8,826
11,438
10,485
9,317

4,552
6,680
8,948
11,326
10,368
9,381

2,549
1,700
2,796
3,821
6,011
4,828
4,117

158
2,461
1,564
2,877
4,381
6,220
4,856
4,303

269
2,284
1,623
2,960
4,419
6,352
4,913

778
2,186
1,961
3,133
4,828
6,305
5,005
4,797

1,111
2,147
2,208
3,016
5,903
6,914
5,599
6,785

1,293
2,161
2,391
3,166
6,459
6,714
5,175
6,064

1,406
2,157
2,553
3,457
6,731
6,557
5,193
6,005

1,724
2,342
2,947
3,745
6,691
6,604
5,341
5,992

2,238
3,126
3,707
6,677
6,259
5,392
6,150

2,314
2,309
2,803
4,031
6,682
5,967
5,350
6,013

50
2,906
2,602
4,144
6,670
13,516
12,845
12,040

207
2,851
2,542
4,392
7,651
13,244
12,585
11,678

348
2,903
2,622
5,028
8,645
13,769
13,109
12,032

531
2,849
2,599
5,538
9,586
14,495
13,898
13,354

2,903
2,989
5,932
12,828
16,513
17,454
15,804

965
2,962
3,006
6,195
10,917
14,454
14,6-45
13,783

1,315
3,000
3,338
6,199
11,287
14,169
14,353
13,690

1,504
2,834
3,566
6,469
12,047
14,225
14,907
13,924

1,951
2,913
3,841
6,863
12,976
14,366
15,120
14,585

5,780
6,078
6,678
9,481
15,818
18,077
15,073
21,453

CINCINNATI

1932
1933
1934
1935
1936
1937
1938
1939
1940
1941

•

•
No. 6 —

1932
1933
1934
1935
1936
1937
1938
1939
1940
1941

INDIANAPOLIS
•

No. 7 —

CHICAGO

1932
1933
1934
1935
1936
1937
1938....
1939
1940
1941
No. 8 —
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941

DES MOINES
•
•

No. 9 — LITTLE BOCK
1932..i
1933
,
1934
1935
1936
1937
1938
1939
1940
1941
No. 10 — T0PEKA
1932
1933
1934
1935-.i
1936
1937
1938
1939
1940
1941
No. 11 — PORTLAND
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941...
No. 12 —

LOS ANGELES

1932
1933
1934
1935
1936
1937
1938
1939
1940
1941

Statistical Supplement




2,382
2,947
3,990
7,231
13,803
14,829
15,482 '
14,926

21

Explanatory Notes
Page 2

RESIDENTIAL CONSTRUCTION: Compiled by the Federal
Home Loan Bank Board, Division of Research and Statistics,
from building permits reported to the U. S. Department of
Labor, and based upon estimates for the number of dwelling
units provided in all cities of 10,000 and over. The monthly
totals are related to the average number of units built during
the 1935-1939 period and are adjusted for the high degree of
seasonal fluctuations which normally occur during the year.
The index reveals essential movements in the volume of new
housing facilities currently provided, and allows direct comparisons with other indexes on the same base period.
NONFARM FORECLOSURES: Compiled by the Federal Home
Loan Bank Board, Division of Research and Statistics. The
index is adjusted for normal seasonal variations, and is based
upon data reported monthly from approximately 1,800 counties, cities, townships, or other governmental divisions. Approximately 75 percent of all nonfarm dwellings are included
in this reporting sample. I t measures the number of properties currently being acquired through foreclosure, expressed
as a percentage of the average 1935-1939 month. Although
non-residential and multifamily foreclosures comprise about
15 percent of the totals used, this index is essentially a gauge
of the ability of home owners to meet their obligations.
RENTAL INDEX: Compiled by the National Industrial Conference Board on a base of 1923=100, and converted by the
Division of Research and Statistics of the Federal Home Loan
Bank Board to the 1935-1939 base period. The basic data
are obtained from real estate boards, chambers of commerce,
real estate agents, social agencies, and individuals who are in
close touch with the rental situation in their localities. The
index is based on the average rents of houses and apartments
of the kind occupied by wage earners (4 or 5 rooms, with
bath, unheated, except in a few instances where heated apartments are the prevailing type). Since rentals for newly tenanted as well as occupied structures are included, this index is
a good indicator of market factors.
INDUSTRIAL PRODUCTION: Compiled by the Board of Governors of the Federal Reserve System, Division of Research and
Statistics. This seasonally adjusted index was completely
revised in August 1940, and a detailed description of its preparation is included in the August 1940 issue of the Federal
Reserve Bulletin. The index is made up of two components:
manufactures and minerals. The manufactures portion is
further broken down into the production of durable and nondurable goods. I t is derived from 81 individual series distributed among 16 groups of manufacturing industries and
two groups of mining industries. The index serves as a measure of changes in the physical volume of the country's industrial output.
MANUFACTURING EMPLOYMENT: Compiled by the U. S.
Department of Labor, Bureau of Labor Statistics, on a base
equal to the monthly average of the period 1923-1925. The
index is converted to a 1935-1939 base and adjusted for seasonal variations by the Division of Research and Statistics
of the Federal Home Loan Bank Board. It is based upon
monthly reports received from establishments employing
approximately 55 percent of all factory wage earners in the
22




country. A further breakdown is available from the Department of Labor between employment in durable and nondurable goods industries. Since all component parts are
adjusted to the periodic Federal Census of Manufactures,
they accurately reflect the long-time as well as the short-term
trends in employment.
Page 3

NATIONAL INCOME PAYMENTS: Compiled by U. S.
Department of Commerce, Bureau of Foreign and Domestic
Commerce, on the basis of 1929=100. The monthly indexes
are converted to a 1935-1939 base by the Division of Research
and Statistics of the Federal Home Loan Bank Board. The
index is made up of estimates of the income received from
salaries and wages, direct and other relief payments, social
security benefits and other labor income, entrepreneurial
income and net rents and royalties, and other nonagricultural
income. The National Income Division of the Bureau of
Foreign and Domestic Commerce has prepared a bulletin
entitled uMonthly Income Payments in the United States,
1929-1940" which describes in greater detail the sources and
methods used in compiling the series. It is useful primarily
n indicating the changes in the dollar volume of income payments. However, because the index does not reflect changes
in the basic price levels, it does not measure the purchasing
power of a given income.
WHOLESALE BUILDING MATERIAL PRICES: Compiled by
the U. S. Department of Labor, Bureau of Labor Statistics, on
an original base of 1926= 100. The index is converted to the
1935-1939 base by the Division of Research and Statistics of
the Federal Home Loan Bank Board. I t is one of the 10
major classifications included in the weekly price series based
on 813 commodities and prepared by the Bureau of Labor
Statistics. The building material index is composed of subclassifications on brick and tile, cement, lumber, paint and
paint materials, plumbing and heating, structural steel, and
a miscellaneous group. Wholesale delivery prices are obtained weekly for these items in 48 selected cities and a
monthly average is computed from these figures. The composite building material index does not pertain strictly to
home building but provides the best available guide to the
fluctuations in wholesale prices of materials which loom large
in the construction of residential dwellings.
WHOLESALE LUMBER PRICES: Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, on an original
base of 1926=100. Converted by the Division of Research
and Statistics of the Federal Home Loan Bank Board to a
1935-1939 base. This index is one of the component parts
of the wholesale building material price index mentioned
above. It was completely revised in October 1940 and is now
based on a larger sample of prices and an improved method of
weighting. In all, 44 different lumber items are included in
the new series. Because of the important bearing of the
lumber factor upon the total cost of the typical single-family
home, price fluctuations evidenced in this individual series are
of particular significance to institutions in the home-financing
fields.
NOTE.—Current data for each of the foregoing indexes
may be found in the summary of the Monthly Survey section
of the FEDERAL HOME LOAN BANK REVIEW.
Federal Home

Loan Bank Review

Page 3

COST OF THE STANDARD HOUSE: Compiled since January 1936 by the Federal Home Loan Bank Board, Division of
Research and Statistics, and placed on a 1935-1939 base by
computing an estimate for 1935. The index is a 3-month
moving average of cost estimates for approximately 80
different cities reporting in 3-month intervals. The various
units of materials and labor are selected to conform with their
contribution to the total cost of the completed dwelling. A
detailed description of the index and specifications for the
standard house appeared in the January and February 1936
issues of the FEDERAL HOME LOAN BANK REVIEW and

reprints of these articles are available on request. (See also
the following notes on pages 4 and 5.) The figures for this
index appear each month in Table 4 of the statistical section
of the REVIEW.
Pases 4 and 5

COST OF BUILDING THE SAME STANDARD HOUSE IN
SELECTED CITIES: Compiled by the Federal Home Loan Bank
Board, Division of Research and Statistics, with the cooperation
of the Reconditioning Division of the Home Owners' Loan
Corporation. These data are the basic material for the
computation of the small-house building cost index, and in
view of the influence exercised by construction costs on the
volume of home building, and on the value of existing security for mortgages, the Federal Home Loan Bank Board
has continued to refine and improve the collection and accuracy of these figures.
In figuring costs, current prices on the same building materials list are obtained every three months from the same
dealers, and current wage rates are obtained from the same
reputable contractors and operative builders. Cities in the
New York, Indianapolis, Des Moines, and Portland Federal
Home Loan Bank Districts report in January, April, July,
and October of each year; those in the Pittsburgh, Cincinnati,
Little Rock, and Los Angeles Districts report in February,
May, August, and November; and those in the Boston,
Winston-Salem, Chicago, and Topeka Districts report in
March, June, September, and December.
DESCRIPTION OF HOUSE

The house on which costs are reported is a detached 6-room
home of 24,000 cubic feet volume. Living room, dining room,
kitchen, and lavatory on first floor; three bedrooms and bath
on second floor. Exterior is wide-board siding with brick
and stucco as features of design. Best quality materials and
workmanship are used throughout.
The house is not completed ready for occupancy. I t
includes all fundamental structural elements, an attached
1-car garage, an unfinished cellar, an unfinished attic, a fireplace, essential heating, plumbing, and electric wiring equipment, and complete insulation. I t does not include wall-paper
or other wall or ceiling finish on interior plastered surface,
lighting fixtures, refrigerators, water heaters, ranges, screens,
weather stripping, and window shades.
Reported costs include, in addition to material and labor
costs, compensation insurance, an allowance for contractor's
overhead and transportation of materials, plus 10 percent for
builder's profit.
Statistical Supplement




Reported costs do not include the cost of land or of surveying
the land, of planting the lot, and of providing walks and
driveways; they do not include architect's fee, cost of building
permit, financing charges, and sales costs.
A WORD OF CAUTION

While there are many uses for the small-house building cost
index, there are several ways in which it should not be used.
In the first place, the total cost in one city cannot be compared
directly with the total cost in another city. Second, the estimated
total cost figure of the index house for a given city is not comparable with the actual cost of constructing a 6-room house in that
city. (See: September 1939, FEDERAL HOME LOAN BANK
REVIEW, page 383.)
r

These limitations, however, do not invalidate in any way a
study of the trend of costs within an individual reporting community or a comparison of the trends in different cities and
Bank Districts—the real purpose of the index.
Figures presented in these tables include all revisions up to
the present time. Revisions are unavoidable, however, as
more complete information is obtained. All current changes
are indicated in the regular monthly table (Table 3) appearing
in the REVIEW.
Pages 6 , 7 , 8, 9, and 10

RESIDENTIAL CONSTRUCTION: Compiled by the U. S.
Department of Labor, Bureau of Labor Statistics, from building
permits received from more than 2,000 cities and towns.
Page 6: This table presents, by States and Federal Home
Loan Bank Districts, the annual estimates of the number and
cost of all new residential construction for which building
permits were issued in cities having a population of 2,500 or
more persons. This is the first time that it has been possible
to present this material on an expanded basis and henceforth
the regular monthly tables in the REVIEW will include this
larger coverage.
Page 7: To bring the residential construction statistics
closer to the actual operations of savings and loan associations,
this table analyzes the number and cost of privately constructed
1- and 2-family dwellings—the type of dwellings which these
institutions accept as security for the vast majority of their
mortgage loans. This information is not yet available by
States for the years 1936 and 1937, but the Department of
Labor is completing statistics for the back years as rapidly as
possible.
Pages 8 and 9: To facilitate the comparison of 1941 building with the previous year, the table spread across these two
pages presents the estimated number of dwelling units built
in all urban communities (2,500 or more population) during
each 1940 month, and provides space so that similar data
may be recorded for the current year. This information will
appear each month in Table 2 of the FEDERAL HOME LOAN
BANK REVIEW and is prepared by the Bureau of Labor

Statistics of the U. S. Department of Labor from its building
permit records.
Page 10: The tables on this page include summaries of new
residential construction volume running back as far as 1930,
and give some indication of the proportion of the total volume
of building which is undertaken in the urban areas. The two
tables at the top of the page (Tables 7 and 8) are summaries
of all construction in urban areas of the United States, broken
down by the type of construction and the source of finance,

23

whether private or public. These tables may be kept
up-to-date with the information given in Table 1 of the
statistical section of the FEDERAL HOME LOAN BANK REVIEW.

Estimates for those years prior to 1936 have been made by
the National Bureau of Economic Research and were published in the Monthly Labor Review for January 1938.
The table at the bottom of the page (Table 9) presents the
statistics on all new residential construction in nonfarm areas
for this same period, 1930-1940. Estimates for 1936 and
the following years have been prepared by the Bureau of
Labor Statistics of the U. S. Department of Labor, and those
prior to that time, by the National Bureau of Economic
Research. A comparison of this table with the table at the
top of the page reveals that approximately 72 percent of all
nonfarm residential construction in 1940 took place in urban
areas, and this percentage has been growing smaller in
recent years.
Pases 11,12,13,14, and 15
SAVINGS AND LOAN MORTGAGE-LENDING STATISTICS:
Compiled by the Federal Home Loan Bank Board} Division of
Research and Statistics, from the monthly reports of cooperating savings and loan associations. Approximately 3,000 Federal, State-member, and nonmember associations whose
assets represent about 65 percent of the total assets of all
savings and loan associations are included in the sample of
institutions upon which the final estimates are based.
The table on page 11 shows a breakdown of the total loans
by purpose as well as by class of association originating the
loans. The percent distribution in the column following the
annual total indicates the relation of that purpose or class to
the aggregate loans for the year. For example, in 1936, construction loans accounted for 23.6 percent of the total loans
made by all savings and loan associations. Likewise in the
same year nonmember associations were responsible for 28.7
percent of all loans made.
These tables follow closely the style of Tables 6 and 7
which appear regularly each month in the REVIEW, and may
be kept current with this information. All figures are expressed in dollar amounts.
Pases 16, 17, 18, and 19
MORTGAGE-RECORDING DATA: Compiled by the Federal
Home Loan Bank Board, Division of Research and Statistics,
from monthly reports prepared by cooperating institutions.
The coverage upon which the final mortgage-recording estimates are made includes approximately 600 counties and
similar political subdivisions, which contain almost twothirds of the total nonfarm population. No data are available
prior to January 1939.
Since every mortgage, to be most effective and assure priority of lien, must be registered with the county clerk or similar
local official who maintains the record of land ownership,
this index provides an adequate appraisal of the role being
played by various types of lender. To relate mortgage
recordings as closely as possible to the financing of 1- to 4family homes, only instruments with a face amount of
$20,000 or less and on properties located in nonfarm areas
are counted.
It must be pointed out, however, that mortgage-recording
data are not directly comparable with the estimates on homemortgage lending presented in Tables 10 and 11 on pages 11-15.
24




The period covered by mortgages recorded and loans made
is not necessarily the same. Lending statistics are reported
as of the date of loan commitment, while recording figures
reflect the actual date of mortgage registrations. Further,
alterations in the terms of an existing contract may necessitate
a new registration. In the case of refinancing an institution's
own mortgage, for example, the face amount of the instrument would appear in the recording totals whereas only that
portion which represented an increase of funds loaned would
be included in the monthly lending figures.
The table on page 16 shows the estimated number and
amount of mortgages recorded throughout the United States
by each type of lender in each month since January 1939. I t
also shows the relationship of the business done by each type
of mortgagee to the total volume of business for any given
month as well as by 6-month periods and the annual total.
Current data for this table are available \n Table 9 of the
REVIEW.

The tables on pages 17, 18, and 19 provide a detailed
analysis of the recordings made by all savings and loan associations during this period, and the data are broken down by
Federal Home Loan Bank Districts and by individual States.
The percentage figures relate to the savings and loan share of
the total mortgage-recording business in a given area. For
example, during 1940 savings and loan associations in the
State of Connecticut accounted for $12,926,000 in recordings
of $20,000 or less and this was equal to 16.2 percent of the total
dollar amount of recordings in Connecticut for that year.
(For 1941 statistics, see Table 8 of the REVIEW.)
Page 19
NONFARM FORECLOSURES: Compiled by the Federal Home
Loan Bank Board, Division of Research and Statistics. These
statistics represent the estimated number of foreclosures in
the United States in all nonfarm areas, and are based upon
data reported monthly from approximately 1,800 counties,
cities, townships, or other political divisions, and shown
regularly in Table 10 of the REVIEW. About 75 percent of all
nonfarm dwellings are located in the areas included in this
sample. No monthly data are available prior to 1934, but
estimates have been made of the annual number of nonfarm
foreclosures from 1926 through 1933.
Pages 20 and 21
FEDERAL HOME LOAN BANK ADVANCES: Compiled by
the Federal Home Loan Bank Board, Bank Operations Section.
The ability of the Federal Home Loan Bank System to
serve as a credit reservoir for its member institutions is best
demonstrated by the volume of Federal Home Loan Bank
advances since the inception of the System in 1932. The table
at the top of page 20 shows, by months, the amount of new
advances made, the repayments on old balances, and the
advances still outstanding at the end of the period. From
this it will be noted that the balance due a t the end of December 1940 represents the highest level of Bank advances for
any month to date.
The table at the bottom of the page and continued on page
21 indicates the balance outstanding at the end of each month
for each of the 12 regional Federal Home Loan Banks.
Monthly figures to supplement these tables appear in Table
13 of the REVIEW.

Federal Home Loan Bank Review