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TABLE 1
PRINCIPAL INSTITUTIONAL SOURCES OF LONG-TERM CREDIT IN THE UNITED STATES
Distribution by States, by Type of Selected Financial Institutions
Based on data available as of November 1, 1937
OJUL

NATIONAL
BANKS\
/(1)

STATE
United States

$6 ,067,704,000

$4,997,332,000

51,652,000
9,542,000
18,053,000
1 ,101,749,000
64,115,000

19,234,000
10,654,000
9,809,000
580,025,000
15,560,000

75,945,000
8,568,000
42,192,000
41,612,000
52,607,000

89,701,000
25,744,000
54,155,000
16,750,000
30,578,000

Idaho
Illinois
Indiana
Iowa
Kansas

8,315,000
434,362,000
88,366,000
40,901,000
20,891,000

9,660,000
277,334,000
93,104,000
70,994,000
10,249,000

-Kentucky
Loulf**na

52,209,000
52,322,000
67,379,000
84,969,000
229,594,000

39,597,000
16,778,000
47,583,000
85,192,000
138,979,000

191,914,000
158,190,000
16,681,000
79,841,000
17,465,000

279,937,000
40,181,000
20,325,000
115,657,000
10,831,000

Nebraska
Nevada
New Hampshire
New Jersey
New Mexico

26,344,000
7,644,000
19,087,000
365,241,000
5,326,000

4,699,000
1,135,000
11,630,000
450,843,000
1,472,000

New York
North Carolina
North Dakota
Ohio
Oklahoma

678,172,000
18,501,000
11,354,000
276,758,000
41,607,000

Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota

Alabama
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Dist* of Columbia
Florida
Georgia

MaC
MaryTEnd
Massachusetts
Michigan

Minnesota
Mis|^ippi
MiseHMrri
.-Montana

MUTUAL
SAVINGS
BANKS
(3)

STATE
( COMMERCIAL)
BANES
(2)

$10,036,714,000

•

—

—

88,416,000
—
690,345,000
31,957,000
—
—
mm

19,119,000

123,ijbOO
212,71/1,000
2,112,468,000

64,323*000
—
—

LIFE
INSURANCE
COMPANIES
<*>
$24,860,433,485
+ 1.0 3

BUILDING
AND LOAN
ASSOCIATIONS
(5)

TOTAL
SELECTED
INSTITUTIONS

$5,625,083,652 $51,587,267,137

16,300,441
397,651
3,984,851
331,258,716
14,614,780

15,704,848
1,166,675
11,401,932
278,081,058
28,842,051

102,891,289
21,760,326
43,248,783
2,379,529,774
123,131,831

2,117,805,479
19,869,273
92,494,540
6,270,922
7,399,445

26,795,458
12,558,147
113,270,492
25,811,289
14,366,966

5,000,591,937
98,696,420
302,112,032
90,444,211
104,951,411

247,852,835
275,131,155
452,844,017
40,801,673

5,841,788
238,217,471
154,465,693
38,693,742
78,275,040

23,816,788
1,197,766,306
630,185,848
603,432,759
150,216,713

33,870,920
33,065,904
21,459,683
75,764,679
2,037,175,149

99,519,666
99,037,752
22,505,630
153,752,682
461,245,445

225,196,586
201,203,656
282,167,3?
}
612,395,36*-^
4,979,461,592

34,322,911
100,026,848
14,106,718
279,320,223
13,585,827

111,753,111
42,721,115
7;152,208
129,894,103
11,158,737

617,927,022
406,057,963-*
58,264,92{i
604,712, 326iliir
53,040,564

102,933,922

210,355,924
9,822,599
241,501,337
6,032,393,566
11,194,020

mm

186,109,000
522,378,000

9,161,874
4,010,453,584
182,707

76,377,002
1,043,599
15,513,463
883,477,982
4,213,313

701,370,000
41,349,000
2,238,000
457,254,000
2,971,000

5,216,960,000

10,578,990,399
107,514,156
4,123,426
617,050,176
10,465,029

363,398,916
66,035,542
9,836,754
792,425,258
56,883,695

17,558,891,315
235,399,698
27,532,180
2,261,244,434
111,926,724

72,409,000
817,107,000
12,694,000
11,070,000
8,806,000

13,600,000
545,788,000
137,753,000
13,262,000
3,962,000

1,099,000
548,771,000
171,521,000

15,603,973
1,236,314,533
1,945,164
9,396,008
6,429,782

21,307,355
659,224,717
34,365,868
15,534,302
4,467,845

124,019,328
3,807,205,250
358,279,032
49,262,310
23,665,627

Tennessee
Texas
Utah
Vermont
Virginia

71,085,000
136,610,000
17,272,000
32,086,000
119,794,000

24,084,000
12,274,000
32,857,000
41,933,000
76,031,000

106,024,598
222,083,338
13,824,406
187,774,530
133,649,557

21,494,846
77,715,138
25,648,698
5,006,240
43,031,055

222,688,444
448,682,476
89,602,104
333,961,770
372,505,612

Washington
West Virginia
Wisconsin
Wyoming
Alaska

84,805,000
48,206,000
148,603,000
10,579,000
1,606,000

34,106,000
46,991,000
149,832,000
4,676,000
3,130,000

27,223,174
11,113,015
1,178,451,494
—

44,695,503
24,001,530
186,798,362
5,223,625
—

248,534,677
130,311,545
1,667,745,856
20,478,625
4,736,000

14,715,000

24,695,000
16,015,000
32,771,000
—

5,129,947

44,539,947
16,015,000
32,771,000
809,000

Hawaii
Puerto Rico
Philippine Islands
Virgin Islands
Sourcei

20116

—
809,000

..
.
117,757,000
—

mm

«...
mm

67,162,000
—
57,705,000
4,061,000
—

m»tm

mm

—

mm

—
mm

—

(1) to (3) Tine deposits as evidenced by Savings Pass Books as of June 1936 - Annual Report of Comptroller
of the Currency, June 1937, pp* 115-118•
State Banks include loan and trust companies, and stock savings banks*
Admitted assets of companies, as of December 1936, by state of incorporation - compendiumof Official
Life Insurance Reports, 1937 - The Spectator Company*
(5) Total Assets, as of December 1936 - Part I, the Secretary's Annual Report, United States Buildiqg
gad i/y^xi League, October 1937 pp« 4-7»




TABLE 2
1TCN-FABM MCRTGA&S INVESTMENTS OP PRINCIPAL MORTGAGEE INSTITUTIONS IN THE UHITED STATES
Distribution by States, By Type of Financial Institution
Based on data available as of June* 1937

NATIONAL
BANES
(1)

STATE

STATE
(COMMERCIAL)
BANKS

LIFE
INSUEANCE
COMPANIES

MUTUAL
SAVINGS

BAMS

SAVINGS
AND LOAN
ASSOCIATIONS

TOTAL
SELECTED
INSTITUTIONS

(2)

(3)

(^)

(5)

$1,160,128,000

$1,817,889,000

$4,977,744,000

$4,026,780,520

$3.7^3.823.759

$15,726,365,279

6,167,000
1,752,000
3,007,000
419,505.000
4,306,000

4,288,000
2,380,000
3,266,000
229,874,000
1,309.000

36,826,707
6,185,225
5.906,636
233.303.577
18.852,583

7.103,262
841,901
9.932.996
165.593.749
14,003,819

5^.384,969
11,159,126
??,112,632
1,087,316,326
38,471,402

Connecticut
Delaware
C i s t of Columbia
Florida
Georgia

19,015,000
1,161,000
4,253,000
5.916,000
7.350,000

49,084,000
11,378,000
25.I»33.00O
4,440,000
14,272,000

50.356.609
3.256.693
109,255.205
32.920,717
64,362,505

22,845,914
9,984,623
104,296,156
18,565.845
13.050,330

^90,370,523

Idaho
Illinois
Indiana
Iowa
Kansas

812.000

27.767.000
17,821,000

1,257,000
26,840,000

5,4oi,ooo

3.471,000

35,534,000
17,105,000
6,549,000

1,479,865
370,659,684
67.385.352
36,702,054

5.326,569
223,675,611
103,626,110
28,577,228
U4.467.799

8,875.434
648,942,295
232,540,462
87,785.282
73.073.799

Itentucky
Loui/***^ia
MainS^,
Maryland
Massachusetts

11,298,000
8,4-58,000
6,100,000
8,646,000
61,758,000

30,125,000
8,998,000
12,610,000
24,062,000
80,274,000

l4i,49i,227

46,929.907
72.238,935

73,006,443
6"*, 250,629
18,543,214
106,863,230
34o,788.007

Michigan
Minnj^Ha
Mi s s l ^ i p p i
Missouri

2^,035,000

77,098,000
8,558,000
6,376,000

159,567.926
64,962,442
8,856,114

47,305.601
33,125.552
5.123,063

United States
Alabama
Arizona
Arkansas
California
Colorado

9.794,000
3.337.000

—>

3Uto^o,ooo

—

3^9,069,000
11,683,000
1

—

—
8,17U,OOO

18,586,000
-

29.JWXX)
47,023,000
1,048,071.000
10,:

000

-

27,061,784
25.159.062
1,016,630

37.463,316
»3,237,361

61,842,562
99,034,835

105.845, &*••
68,1O8,8> ^
233.524.137
1.603,129,942
307,009.52Z,
127.172.fi/ j

46,532,000
964,000

102,9^0,240

Montana

12,657,000
723.000

3.620,523

7,584.868

23,692,XlT
249.130.744
12,892,391

Nebraska
Nevada
New Hampshire
New Jersey
New Mexico

2,109,000
1,414,000
4,286,000
68,571,000
904,000

847,000
510,000
5,024,000
156.383.0O0
236,000

2l.97O.i44
207,600

48,454,139
611,627
14,068,714
44o,075,419
4,131,613

73.380,283
2,743.227
82,433,561
960,577.8?9
6,538.071

New York
North Carolina
North Dakota
Ohio
Oklahoma

89,378,000

3,307,000

324,068,000
11,295,000

1,518,000
60,584,000
5,230,000

643,000
193.925.000
577.000

35.719.906

266,981,677
55,783.578
6,727.413
535.l79.l6l
38.057.331

U. 989.837,9U
133,925.13*
10,855,155
1,093,271,641
79,584,237

Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota

4,772,000
136,406,000
4,100,000
1,441,000
1,254,000

2,723,000
197.664,000
51,947,000
2,168,000
1.299.000

31,471.044
227,644,440
8.174,992
10,501,059
^.197,9^5

15,462,727
439,721,035
26,194,526
13.250,229
3,229,228

54,868,771
1.089,686,475
139,339.518

8,861,000
?5,178.000

9.154,000
9,379.000
9,328,000
13,513.000
22,825,000
6,508,000
17,193.000
26,625,000
577,000

62.460,999
109.307.760
10.ti5l.493
664,478
53.367.323

14,250,282
52,616,794
11,880,635
4,051,007
33.960,744
32.199.142
22,807.919
100,701,291
5.034,910
mmmm.

94,726.281
196,481,554
35,696.128
34,312,485
130.989.067

3.898.595

19,379.595

Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wi sconsin
Wyoming
Alaska
Hawaii
Puerto Rico

Phillippine Islands
Virgin Islands

4,036,000
4,915,000
20,836,000
6,946,000
14,359.000
11,556,000
920,000
365,000
3,184,000
—
205,000

898,000

12,297,000
1,224,000
10,453,000
~

58,749.000
120,036,000
—

3,051,116,000
—

32,368,000
—

440,000
88,251,000
48,923,000
—
—
—
—

11,169,000
—

26,038,000
—

2,022,000
—
—

—
—

305.847
I75.5l2.4io
1,266,458
1,258,294,234
63,539.556
1,966,742
271,215.^80

50.176.389
23.454,707
31,200,573
325.966
—
—
—
—
—

87,011,504

—

27.360.288

9.980,173

121,867,531
77.814.626
172,104,864
6.857,876
1,263,000

1,224,000
10,453,000
205,000

Source: (1) to (3) Loans on non-farm real estate as of June 1936 - Annual Report Comptroller of the currency,
Jvne 1937, pp. 697-725.
(U) Non-farm mortgage held by companies, as of December 1936, by property location - Compendium of Official
Life Insurance Reports, 1937, pp. 1&-205, The Spectator Company.
(5) Total loane, as of December 193& - Part I, the Secretary's Annual Report, United States Building and
Loan
20118
teagoe, October 1927 • PP« 6-9



ART I

TREND OF POTENTIAL MORTGAGE RESOURCES
QF MAJOR MORTGAGE FINANCING INSTITUTIONS
(1930 • 100)

INDEX
NIMKIIS
140

LIFE INSUtANCE

110

100

COMHkNIES

MUTUAL SAVINGS BANKS

COMMERCIAL BANKS
AND OTHERS

•o

60

40

BUILDING

AND LOANS

to

1920




1921

1928

1923

1924

1926

1926

1927

1928

1929

1930

1931

1932

1989

I9W

1938