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Form No. 12

FEDERAL. HOUSING ADMINISTRATION
MEMORANDUM

11-19-37

DATE

Honorable Marriner S. Eccles
SUBJECT—

GPO ie—3401

Dear Marriner:
attached shows the comparison of
business done by the FHA and the
Federal Savings and Loans.
The Federal Savings and Loans have
approximately One-half Billion Dollars
worth of government money invested
in them^ including Home Loan Banks
Deposit Insurance




Admini s trat or

Form No. 9

DELIVER TO
MR. McDonald

ROOM
REMARKS
11/19/37
Figures an the Federals brought
up to date through September,
the latest date covered in the
November Issue of the Home Loan
Bank Review just out*
You will note a column has been
added giving p^r cent FHA business
over Federals month by month for
1937-

(Name, not initials)




ie—3022

COMPARISON OP MORTGAGE LOA1TS OP FEDERAL
SAVINGS & LOAN ASSOCIATIONS OP THE HOME LOAN BANK BOARD a n d FEDERAL
HOUSING ADMINISTRATION MORTGAGES ACCEPTED
1936

mm

mm

1937

A . NEW CONSTRUCTION:
Federal Savings & Loan Associations
(New and Converted)
1936
1937
**No.of
Uo.of
Month
Amount
ssns.
Amount
Jan
Pet
Mar
Apr
May
Jon
Jul
Aug
Sep
Oct
Nov
Dec

1,044
1,061
1,070
1,102
1,114
1,135
1,165
1,175
1,183
1,192
1,206
1,212

$ 3,121,665
2,645,820
3,669,234
4,934,790
5,553,269
5,910,700
6,727,100
7,264,100
7,732,900
7,551,100
6,419,800
7.048.600

1 ,228
1 ,240
1 ,249
1 ,257
1 ,270
1 ,286
1 ,293
1 ,296
1 ,307

$ 5 ,295 ,400
6 ,090 ,000
9 ,127 ,000
10 ,315 ,800
10 ,422 ,200
10 ,298 ,900
9 ,664 ,600
8 ,796 ,600

8,,241- ,200

TOTAL K)R YEAR $ (38.579.078

Federal Housing Administration
1937
•(Home Mortgages Accepted)
1936
FA
H
1937
over
Fed'Is
Amount
Amount
%
$ 6,121 ,269
$11, ,430, 125 115. 9
5,532 ,579
12, ,041, ,100 97. 5
7,550 ,835
17, ,196, ,960 88. 4
10,951 ,343
20, ,831, ,375 92. 6
17 ,745, ,560 70. 3
13,269 ,825
IS. ,038, ,100 %. 9
19,032 ,101
14. ,471, ,700 49. 7
17,226 ,268
14 ,227, ,700 61. 7
17,367 ,789
18,263 ,950
12 ,880, ,900 56. 3
19,333 ,985
13, ,275, 100
16,867 ,415
15.375 ,826
1166.893 .185

B . REFINANCING & PURCHASE OF HOMES ( F e d . S a v . & Loan A s s n s . )
REFIITANCING - EXISTING CONSTRUCTION ( F e d . H o u s i n g Admin.)
1937

1936
Month

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Se-o

Oct
Noy

Dec

No. o f
Assns.
1,044
1,061
1,078
1,102
1,114
1,135
1,165
1,175
1,183
1,192
1,206
1,212

Amount
$

5,569,870
5,835,888
7,217,705
9,118,081
9,470,842
10,250,400
10,259,000
10,408,500
11,061,900
11,976,800
9,946,800
10.274.700

No. of
Assns.
1,228
1,240
1,249
1,257
1,270
1,286
1,293
1,296
1,307

Amount

$

8,,496,500
9 . ,613,200
13, ,947,800
16, 123,400
15, ,114,400
15, ,733,700
13, ,762,900
13, ,000,700
13, 132,000

TOTAL FOR YEAR $111,390,086

$ 15,410,619 $ 17,667,065 107. 9
13,649,951
18,068,650 88. 0
14,476,010
26,899,200 92. 9
20,292,323
29,210,725 S i . 2
23,172,388
26,641,866 76. 3
31,124,157
26,960,590 71. 4
25,832,512
23,013,800 67. 2
25,438,355
22,630,950 74. 1
26,052,950
22,647,250 72. 5
29,339,198
22,446,300
23,533,160
23.234.345
$271,555,968

SOURCE: Federal Home Loan Bank Board Review.
•These do not include FHA Rental Housing New Construction Mtges, Accepted, nor
mortgages accepted for insurance on newly constructed homes completed at date
of application for FHA commitment was received.
**Total Number of Federals - New and Converted.




FEQERAL HOUSING ADMINISTRATION HOME MORTGAGES ACCEPTED FOR INSURANCE
AND
FEDERAL SAVINGS & LOAN ASSOCIATION MORTGAGE LOANS
DOLLARS
MILL"^"S

NEW CONSTRUCTION
FEDERAL HOUSING ADMINISTRATION
FEDERAL SAVINGS a LOAN ASSNS.

30

20

10

I I I

0
J

F

M

A

M

J

J

A

S

O

N

D

J

F

M

A

M

J

1936

J

A

S

O

N

D

1937

DOLLMKS

REFINANCING

MILLIONS

40

30

M
SR-798



J
J
1936

A

S

0

N

D

M

M

J
J
1937

A

S

0

N

D