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FEDERAL HOUSING ADMINISTRATION
WASHINGTON
┬╗fEWART MCDONALD
ADMINISTRATOR




January 15, 1937

Honorable Marriner S. Eccles, Chairman
Federal Reserve System
Washington, D. C.
Dear Marriner:
This shows the comparison of business
done by all of the Federal Savings and Loan
Associations put together, as compared to the
Federal Housing Administration.
I thought it might be interesting to you
in view of the recent discussions.
Sincerely yours,

Stewa:
Administrator

FEDERAL HOUSING ADMINISTRATION HOME MORTGAGES ACCEPTED FOR INSURANCE
.
'
AND
FEDERAL SAVINGS a LOAN ASSOCIATION MORTGAGE LOANS
MILLIONS
OF
DOLLARS

NEW CONSTRUCTION

FEDERAL HOUSING ADMINISTRATION
V//////A

FEDERAL SAVINGS & LOAN ASSNS.

N

N

D

REFINANCING

DOLLARS

40

DigitizedSR-798
for FRASER


D

M

J J
1935

M

J J
1936

0