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LETTER
from
THE CHAIRMAN OF THE
FEDERAL HOME LOAN BANK BOARD
transmitting
FIFTH ANNUAL REPORT
of the
FEDERAL HOME LOAN BANK BOARD
covering the operations of the
FEDERAL HOME LOAN BANKS
THE HOME OWNERS' LOAN CORPORATION
THE SAVINGS AND LOAN DIVISION
and the
FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION
for the period
July 1, 1936, to June 30, 1937
FEBRUARY 2, 1938.-Referred to the Committee on Banking and Currency
and ordered to be printed with illustrations
UNITED STATES
GOVERNMENT PRINTING OFFICE
WASHINGTON : 1938
FOR SALE BY
THE SUPERINTENDENT OF DOCUMENTS
GOVERNMENT PRINTING OFFICE
WASHINGTON, D. C.
V
PRICE 20 CENTS
LETTER OF TRANSMITTAL
FEDERAL HOME LOAN BANK BOARD,
Washington, February 1, 1988.
The SPEAKER OF THE HOUSE OF REPRESENTATIVES.
SIR: Pursuant to the requirements of section 20 of the Federal
Home Loan Bank Act, we have the honor to submit herewith the
Fifth Annual Report of the Federal Home Loan Bank Board for the
period July 1, 1936, to June 30, 1937, inclusive, covering the opera
tions of the Federal Home Loan Banks, the Savings and Loan Division,
the Home Owners' Loan Corporation, and the Federal Savings and
Loan Insurance Corporation.
Respectfully,
JOHN H. FAHEY, Chairman,
T. D. WEBB,
WILLIAM F. STEVENSON,
FRED W.
CATLETT,
WILLIAM
H.
HUSBAND,
Members.
III
FUNCTIONAL
FEDERAL
ORGANIZATION
CHART
THE
AGENCIES
OF
THE
BAN K
LOAN
HOME
(Created
OF
BOARD
by Federal Home Loan Bank Act -Approved July 22.1932)
FEDERAL HOME LOAN BANK SYSTEM
FEDERAL SAVINGS
(Created by Federal Home Loan Bank Act-Approved July 22.1932)
<
LOAN INSURANCE CORP.
(Created by National Housing Act 1934-Approved June 27.1934)
(As Amended)
(As Amended)
AN INSTRUMENTALITY OF THE UNITED STATES ESTABLISHED TO INSURE THE SOLVEN
CY OF INDIVIDUAL ACCOUNTS UP TO $5000 OF INVESTORS IN INSUREDINSTITUTIONS SPE
CIFICALLYFEDERAL SAVINGSAND LOAN ASSOCIATIONS.
AND SUCH ELIGIBLE STATE-CHARTER
ED INSTITUTIONS OF THE SAVINGSAND LOAN TYPE AS APPLY
THE TRUSTEES OF THE
FEDERAL SAVINGSAND LOAN INSURANCECORPORATION
ARE THE MEMBERS OF THE FED
ERAL HOME LOAN BANK BOARD
A CREDIT RESERVE ORGANIZATION
FOR THRIFT AND HOMEFINANCINGINSTITUTIONS RE
GIONAL FEDERAL HOME LOAN BANKS.SUBJECT TO THE REGULATIONS OF THE FEDERAL
HOMELOAN BANK BOARD. MAKE SHORT-TERM AND LONG-TERM ADVANCESTO AND AC
CEPT DEPOSITS FROM THEIR MEMBER INSTITUTIONS.
HOME OWNERS' LOAN CORPORATION
(Authorl 3 ed by Home Owners Loan Act-Approved June 13.1933)
(As Amended)
AN EMERGENCY ORGANIZATION CREATED TO EXTEND RELIEF TO DISTRESSED HOME OWN
ERS WHO WERE IN DANGER OF LOSING THEIR HOMES THROUGH FORECLOSURE SINCE JUNE
12 1936 IT HAS BEEN ENGAGED CHIEFLY IN SERVICING ITS LOANS. LIQUIDATING ITS AS
SETS AND DISCHARGING ITS RESPONSIBILITIES TO BOND HOLDERS AND THE GOVERNMENT.
MEMBERS OF THE FEDERAL HOME LOAN BANK BOARD CONSTITUTE THE BOARD OF DI
RECTORS OF THE HOME OWNERS' LOAN CORPORATION
I GENERAL MANAGER]
I
"~ I
I
- ~~-DEP GENLMGR
GENERAL
DUTIES
--
DEP GENLMGR
DEP GENL MGR
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LOANSERVICEI
ASST. GENERAL
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MANAGER I
(ONEFOR EACHOF SIX DISTRICTS)I,
DEPUTIES
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A
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--- -. --.------T YPICA L
ORG AN IZATI
ON
OF
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FEDERAL
HOME
LOAN
BANK
---
F E
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O F F I
R A L
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H O M E
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H E
N
B A
T YPICA L
ORG A NIZATION
OF
FEDERAL SAVINGS
AND LOAN ASSOCIATION
OF
DIRECTORS
BOARD
EIGHTELECTED BY MEMBERINSTITUTIONS
FOUR APPOINTEDBY FEDERALHOMELOANBANKBOARD
EXECUTIVE
ELECTED
COMMITTEE
SECRETARY
IMEMBER
STATE CHARTERED
$AV. & LOAN ASSNS.
[ FEDERA L SAVINGS
AND LOiAN ASSNS
TREASURER
IVICE-PRESIDENT
INSTITUTIONS
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BAN KS
INDIVIDUAL INVESTORS
AND BORROWERS
BY
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ASSTREGIONAL
MANAGER
DIRECTORS
.. . . .
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SUPERVISOR
ASST REGIONAL
MANAGER
LOANSERVICE
SREGIONAL
ACCOUNTANT
STATE
IATTORN EY
MANAGER
ONEFOREACHOF 54 STATE.DIVISION
ANDTERRITORIALOFFICES
ASSTSTATEMGR 1
STATERECONDITIONING
PROPERTY
MANAGEMENTANDAPPRAISALSUPV
RL
INSURANCE
ASST TOSTATEMGR
ASSTSTATEMGR.
AND STAFF
LOANSERVICE
COMPANIES
INDIVDUAL BORROWERS
^ r--------------------------------------I
FEDERAL SAVINGS AND LOAN SYSTEM
June 13.1933)
LOCAL MUTUAL SAVINGS INSTITUTIONS. CHARTERED AND SUPERVISED BY THE FEDER
AL HOME LOAN BANK BOARD. AND OPERATED UNDER BOARDS OF DIRECTORS ELECTED BY
THEIR MEMBERS. THEY ENCOURAGE LONG-TERM THRIFT ACCOUNTS AND THE FINANCING
OF HOMES ON LONG-TERM AMORTIZED FIRST MORTGAGE LOANS
(Face p. 1)
SUPERVISOR
.
REGIONAL
PERSONNEL
REGIONAL
TREASURER
(Aufhori 3 ed by Home Owners Loan Act -Approved
(As Amended)
43246--38
. . ..
COMMITTEE\
INDIVIDUAL INVESTORS
AND BORROWERS
]
I
APPRAISER
R E SI D E N T
I SECRETARY
.
REGIONAL
RECONDITIONING
REGIONAL
S HARE HOLDE RS
EXECUTIVE
IP
ESIDENT]
OF
MANAGER
S REGIONAL
N KS
PROPERTY
MANAGEMENT
BOARD
ASSISTANTS
Approved
,AfS a 4- .. .. Chairman
Federal Hofne Loan Bank Board
Washington.D C,December 18, 1937.
INTRODUCTION TO FIFTH ANNUAL REPORT OF THE
FEDERAL HOME LOAN BANK BOARD
Created by the Congress in 1932, the duties and responsibilities of
the Federal Home Loan Bank Board have been materially increased
by subsequent congressional enactments. Fundamentally, the respon
sibilities of the Board are concentrated in the field of thrift and home
finance. It conducts its operations through four separate agencies.
Briefly, they are:
(1) The Federal Home Loan Bank System, a permanent credit
reserve structure, the members of which are thrift and home-financing
institutions-which consists of savings and loan associations, coopera
tive banks, homestead associations, life-insurance companies and
mutual savings banks, either State or federally chartered.
(2) The Home Owners' Loan Corporation, established in 1933 to
relieve mortgage distress by making loans directly to urban home
owners during a 3-year period which expired in June 1936.
(3) The Savings and Loan Division which advises with existing
thrift and home-financing institutions concerning membership in
the Federal Home Loan Bank System, insurance of share accounts or
conversion to Federal charter, and with new groups in relation to the
organization of Federal savings and loan associations.
(4) The Federal Savings and Loan Insurance Corporation, estab
lished in 1934, to renew confidence in savings and loan associations and
to encourage sound and economical home financing by protecting
against loss the funds of the people whose money is saved through
Federal savings and loan associations or through such State-chartered
institutions of the savings, building and loan type as become insured.
In order that the conditions which prompted the Seventy-second
Congress to pass the Federal Home Loan Bank Act and the Seventy
third and Seventy-fourth Congresses to extend the scope of activities
of the Federal Home Loan Bank Board may be better understood, a
brief review of the economic trend of the country for the period from
1919 to the bottom of the depression in 1933 may be helpful.
The World War produced a period of high employment, income, and
production. Residential construction, curtailed during hostilities,
began to increase rapidly following the signing of the armistice.
Housing rentals, which had increased gradually during the war, con
tinued their upward climb, and from 1921 to 1924 rose rapidly to a
point where they represented 175 percent of rental values in 1917.
During this period, 1921-27, there were relatively stable commodity
and building material prices, a sharp increase in marriages, a sub
stantial farm-to-city population movement, and continuing high
wages. All of these contributed to an extraordinary demand for city
dwellings, laying a foundation for a tremendous real-estate building
boom. The effect is reflected in the increased production of residential
units, which grew from 230,000 in 1920 to 935,000 for the year 1925.
2
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
A substantial part of this new construction was financed by savings
institutions, such as savings and loan associations, mutual savings
banks, cooperative banks, and State banks in the smaller communities.
Insurance companies, not actively engaged in making construction
loans, increased their mortgage portfolios substantially through the
financing of existing buildings, and as a consequence funds in the
savings type of institutions were more and more available for con
struction loans.
The growing demand for construction money resulted in higher
rates of interest. In 1923 and 1924, and for several years thereafter,
many savings and loan associations invited investment in their
institutions at rates of return substantially in excess of those which
they had paid previously.
Generally throughout the country in 1926 the production of homes
caught up with the demand, and, though not well recognized, rentals
TREND OF COMMODITY PRICES, RESIDENTIAL CONSTRUCTION,
PRODUCTION, AND RENTALS BY YEARS
200
1926= 100
I
-I
1
1
1
--- 1
200
Source
(I1) U S Dept of Labor
(2) Federal Reserve Board
(3) National Industrial Conference Board
(4) Federal Home Loan Bank Board
I
-
180
160
WHOLESALECOMMODITYPRICES(
.
140 -
I
-
140
/INDUSTRIAL PRODUCT/ON(
.
-
120
1
|
180
160
120
100
OHOUSING
o
REN5TALS
Ls(-
-
60
6
IRES/DENT/dALCONSTRUCON
40
20
4
)
40
R
~le~
20
DIVISION
OFRESEARCHANDSTATISTICS
1917 '18
'19
'20
'21
'22
'23
'24 '25 '26
'27
'28
'29 '30
'31
'32 '33
'34
'35
'36
CHART A.-Trend of commodity prices, residential construction, production, and
rentals by years.
and property values passed their peak in that year. However, in
New England, these values had begun their decline much earlier,
while in certain western and southwestern areas, the real-estate market
did not reach a crest until some 16 months later.
The predicament of the real-estate and mortgage market in 1926
was somewhat obscured by the mounting level of prices in the stock
market. The propaganda on security profits numbed the senses of
the public so that little heed was given to the decline in real-estate
values. As a result, building activity continued on a large but
diminishing scale during 1927 and 1928, and the urban population
was little cognizant of the already increasing rate of urban foreclosures.
By the end of 1928, prosperity (both real and pseudo) had extended
over a period of nearly 8 years. During this time borrowers had paid
little attention to the terms under which they had obtained mortgage
financing, and investors, blinded by attractive interest and dividend
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
3
rates, had made little study of the contractual provisions regulating
the withdrawal of their savings funds.
In September 1929, the New York stock market, after reaching the
highest price level in its history, started downward, culminating in a
crash in October and November. A rally started in December but
continued only until April 1930 when a second downward movement
marked the resumption of the decline to a succession of lower levels
RESIDENTIAL CONSTRUCTION COMPARED WITH FORECLOSURES
AND SECURITY PRICES BY YEARS
1.
..
20
I
..I...
. I..
..I
DIVISIONOF RESEARCH
AND STATIST/CS
0
1921
22
'23
'24
25
'26
'27
'28
'29
'30
'31
'32
'33
'34
'35
'36
CHART B.-Stock-market price trend and construction activity and foreclosures.
which reached a final bottom in July 1932. From January 1, 1929, to
December 31, 1933, there were 9,755 bank suspensions. Lines of
credit were sharply curtailed, working forces were drastically reduced,
consumers bought only the barest necessities and business and financial
executives rushed to get into a liquid position. The last 2 years from
1930 to 1932 witnessed a virtual stampede for cash.
Unemployment, losses in the stock market, lack of income, and a
growing suspicion of the soundness of financial institutions generally
4
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
began to increase the withdrawal problems of these institutions. The
position of many became desperate, and as a result, investment certifi
cates, passbooks and shares in many sound but frozen home-financing
institutions were sacrificed at a sharp discount.
Many Members of Congress had long recognized the desirability of
creating a strong reserve system for institutions of the home-financing
type to provide suitable credit facilities in periods of extreme strin
gency. The experiences of 1931 and 1932 crystallized these thoughts
into action. During these 2 years business conditions had grown
steadily worse, unemployment had increased, construction had
practically reached a standstill, foreclosures had mounted rapidly,
and commercial and banking failures had increased sharply.
Faced with mounting withdrawals and increased difficulty of col
lections, many savings and loan associations, already over-extended,
were in dire need of money to meet the demands for cash from their
investors, and hundreds of thousands of borrowers, with short-term
loans on their homes, now felt the pinch of excessive renewal com
missions and demands for substantial curtailments of their obligations.
Early in 1932, with bank failures and real-estate foreclosures still
increasing, the Congress created the Reconstruction Finance Corpora
tion to make commercial credit available for banks and industries.
To provide liquidity for institutions of the savings and loan type, the
Congress then created the Federal Home Loan Bank System, and
made available to it a capital of $125,000,000.
Subsequent events prompted the President to declare a national
banking holiday as one of his first official acts. During this holiday
thousands of banks throughout the country were examined and re
opened, with the statement that the Government considered them
sound. The financial structure of many was rebuilt with the aid of
R. F. C. funds. The Congress quickly took another step to restore
public confidence in these institutions by providing for insurance of
bank deposits through the Federal Deposit Insurance Corporation.
At this time, appeals for direct governmental assistance for dis
tressed home owners were pouring into the Nation's capital. Urban
foreclosures had ,reached the unprecedented height of nearly 1,000 a
day. The Congress recognized the urgency of this situation, and as
an emergency measure, created the Home Owners' Loan Corporation,
and directed it to refinance the loans of distressed home owners over
a period of 15 years on a monthly repayment basis, in an amount up
to 80 percent of the value of the properties, and at a low interest rate
of 5 percent per year.
The act authorized the issuance of $2,000,000,000 in bonds, a sum
later increased to $4,750,000,000, and made available $200,000,000 in
cash. It designated the Federal Home Loan Bank Board to act as the
Board of Directors of the Corporation. This emergency refinancing
operation was concluded on June 12, 1936, and, as provided by the
statute, the Corporation has since been servicing its loans and retiring
its bonds from mortgage repayments. During its lending operations,
the Corporation refinanced more than a million homes for a total
amount of $3,093,459,271. The full report of the .operations of this
Corporation for the fiscal year is appended.
As a part of the Home Owners' Loan Act, the Federal Home Loan
Bank Board was authorized to organize, charter, and supervise Federal
savings and loan associations. "giving primary consideration to the
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
5
best practices of local mutual thrift and home-financing institutions
in the United States." Federal savings and loan associations are
private institutions locally owned and managed but subject to Federal
regulation. By June 30, 1937, 647 new Federal associations had been
organized, and in addition, 639 old-established thrift institutions had
converted from State to Federal charter as permitted under the act.
Their total assets were $986,297,848, most of which was employed in
home financing. These Federal associations loaned $286,770,000
during the fiscal year.
To renew confidence in savings and loan associations and further to
encourage sound and economical home financing, Congress created
the Federal Savings and Loan Insurance Corporation in 1934, desig
nating the members of the Federal Home Loan Bank Board as its
trustees. The function of the Federal Savings and Loan Insurance
Corporation is to augment the sound mortgage security behind insti
tutions of the savings and loan type by insuring the safety of the
accounts of investors up to $5,000 each. This insurance of accounts
has contributed to a greatly increased flow of thrift funds available
for home financing into those associations which have become insured.
At the end of the fiscal year 1937 the Corporation had insured the
accounts of 1,268 Federal and 488 State-chartered savings and loan
associations, the latter having assets of $565,301,713. The savings
of approximately 1,500,000 persons were protected by insurance in
these 1,756 institutions as of last June 30.
Recognizing the fact that private savings funds were not flowing
into thrift and home-financing institutions in sufficient volume to
finance needed home construction, the Congress authorized the United
States Treasury and the Home Owners' Loan Corporation to make
direct investments in the shares of member institutions of the Federal
Home Loan Bank System. The need for such legislation in the transi
tion period from the depression was demonstrated by the fact that
at the end of the fiscal year $48,183,700 of Treasury funds were being
utilized by member institutions of the Bank System, while the invest
ment of the Home Owners' Loan Corporation of that date totaled
$183,033,000. The Treasury has received a return of $3,883,593 on
its investments, while the Home Owners' Loan Corporation has re
ceived a return of $4,981,533 over a much shorter period.
The successive acts creating the Federal Home Loan Bank Board
and its agencies concentrated its operations in the field of thrift and
home finance. By implication, the Board was given the responsibility
of laying an enduring foundation for Nation-wide housing and to that
end it has sought to develop a sound and economical home-financing
program..
Only 250,000 homes were constructed in the United States in 1936,
despite increasing housing demands. It is estimated conservatively
that 500,000 to 700,000 homes must be built annually for the next
decade to meet the Nation's minimum needs. A huge reservoir of
home-financing funds is necessary to make such construction possible
and it is such a reservoir that the Federal Home Loan Bank System,
expanded under a carefully supervised program, can supply. That
expansion is by no means limited to the advance of bank funds; the
safeguards inherent in proper supervision, insurance of accounts, and
the assurance of a reasonable degree of liquidity increase public con-
6
ANNUAL
REPORT OF FEDERAL HOME LOAN BANK BOARD
fidence and draw the funds of careful investors to the member insti
tutions of the Bank System.
An analysis of the actual trend in urban home-mortgage lending
over the period 1925 through 1936 can show better than any other
method the general problems now confronting the Federal Home Loan
Bank Board. Although accurate statistics are not available on the
subject, the Board has compiled careful estimates of lending which
are believed to be reliable indications of the trends in urban home
mortgage finance.
In 1925 there was a total of $13,843 million in urban home-mortgage
loans outstanding, held by individuals and all types of financial insti
tutions. The individuals held the largest proportion, which was 36.1
percent (this category includes not only individual lenders but also
trust departments of commercial banks, title and mortgage companies,
construction companies, and miscellaneous lenders). Savings and loan
associations (including building and loan associations, cooperative
banks, and homestead associations) held the next largest proportion
of this total of loans outstanding, with 33.1 percent. These two largest
groups of lenders were followed by mutual savings banks with 18.6
ercent, by insurance companies with 6.4 percent, and by commercial
anks with 5.8 percent of the total.
During the next 4 years rapid and significant changes occurred in
the distribution of the holdings of urban home-mortgage loans. In
1930, the peak of $22,153 million in urban home-mortgage loans out
standing was reached. Although savings and loan associations main
tained their positions as the leading types of institutional lenders in
this field, judged by the volume of outstanding loans, their proportion
of the total amount of loans was slightly lower than in 1925. Mutual
savings banks also showed a decrease in the proportion of the total
held. On the other hand, commercial banks and insurance companies
made gains in the relative proportions held. A substantial increase
was made in the holdings of commercial banks which tripled the
amount of their home-mortgage loans outstanding in the period from
1925 to 1930 and increased their percentage of the total loans out
standing from 5.8 percent to 11.0 percent, as is shown in table A.
TABLE A.-Estimated volume of urban home-mortgage loans outstanding by types of
lender in 1925 and 1930
[All amounts in millions of dollars]
1925
1930
Lender
Amount
Amount
Individuals and others 1i.---- -------------Savings and loan associations-.---------------------Mutual savings banks------------------------------Life-insurance companies------------------------ -Commercial banks -------------------------------
Total------------------------------------
of
Percent
ta
total
Amount
Amount
of
Percent
ta
total
$5,000
4, 577
2,575
891
800
36.1
33.1
18.6
6.4
5.8
$7, 400
6,984
3,500
1,844
2, 425
33.4
31.5
15.8
8.3
11.0
13,843
100.0
22,153
100.0
1 Includes loans held by individuals, title and mortgage companies, construction companies, trust depart
rnents of commercial banks, and miscellaneous lenders.
Although the highest point in total home-mortgage loans outstand
ing was reached in 1930, all types of lenders did not reach their respec
tive peaks in loans outstanding in that year. Savings and loan asso
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
7
ciations and commercial banks attained their high points at the end
of 1929. It was not until 1931, however, that the life-insurance com
panies and mutual-savings banks reached their peaks.
From the high point reached of $22,153 million in outstanding home
mortgage loans in 1930, there has been a decline of 19.7 percent, to
$17,798 million, at the end of 1936. The decline in the holdings of
all nongovernmental lenders has been even greater, or 32.1 percent,
because the H. 0. L. C. held $2,763 million of total outstanding loans.
The activities since 1930 of the different types of institutions lending
on urban home mortgages has been as follows: The savings and loan
associations' volume sank to the low of $3,467 million in 1935 and by
the end of 1936 had increased slightly. Mutual-savings banks showed
a steady decrease from the 1931 and 1932 peak throughout 1936.
Life-insurance companies also registered a steady decline from their
high point in 1931 to the end of 1936. Commercial banks, however,
which had made phenomenal gains in the period 1925 through 1929,
reached a low point of $1,189 million in 1934. They were able to hold
this volume during 1935 and in 1936 were beginning once more to
show slight increases.
Analysis of the volume of home-mortgage loans outstanding over
this period of years alone, however, does not present the complete
picture of the trends in the whole field of urban home-mortgage
finance. It is essential to know also the proportion of the total volume
of new loans made during each of these years by the different principal
types of lenders. As table B shows, from 1925 through 1936, savings
and loan associations made in each year from a minimum of 46 percent
to a maximum of 68 percent of all loans which were made in those
years by private financial institutions. That is to say that savings
and loan associations maintained an annual average of about one-half
of all the urban home-mortgage loans so made in each year of this 12
year period. What is more, those savings and loan associations, which
were members of the Federal Home Loan Bank System, from 1934
through 1936 made annually not less than 40 percent of all the loans
made by nongovernmental lenders during these 3 years.
TABLE B.-Proportion of total urban home-mortgage loans made by savings and
loan associations, annually, 192.5-36
[All amounts in millions of dollars]
Year
1925-------------------------------1926-------------------------------1927---------------------------------1928.---------------------------------1929---------------------------------1930------------------------------1931---------------------------------1932-----------------------------------1933--.--------------.----------------..
1934 .--------------------------------1935 --------------------------------1936...
------------------
Total loans Loans by all savings
and loan associations
made by private insttulenders
tional
Amount Percent of
total
$3, 327
3,648
4,037
4,184
3,560
2, 544
1,593
778
460
478
772
1,105
$1,584
1,751
1,899
1,938
1,665
1,170
810
467
296
327
431
547
Loans by, member say
ings and loan associa
tions Federal Home
Loan Bank System
Amount
47.6 ....----48.0------47.0 -...
46. 3 ...---46.8 .---46.0 -----50.8 -60. 0
$16
64.3
147
68.4
207
55.8
331
49.5
447
Percent of
total
2. 1
32.0
43.3
42.9
40.5
1 Excludes all loans made by the Home Owners' Loan Corporation, individuals, mortgage companies, and
miscellaneous lenders. Includes loans made by commercial banks, life-insurance companies, mutual
savings banks, and savings and loan associations.
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
8
It is extremely significant that the savings and loan associations
which are members of the Federal Home Loan Bank System have
made so large a proportion of the home-mortgage loans during the
past 4 years. Table C shows that those institutions actually members
of the Federal Home Loan Bank System held, over this 3-year period,
a maximum of 22.6 percent of the total volume of home-mortgage
loans outstanding-yet these same member institutions were con
stantly making 40 to 43 percent of all new loans which were being
made during those years.
Since the average loan made by savings and loan associations, which
constitute the bulk of the membership, is about $2,300, as contrasted
with $4,000 by banks and $5,800 by life-insurance companies, the
number of homes financed by the members greatly exceeded the aggre
gate financed by other private institutions.
TABLE C.-Total estimated amount of outstanding urban home-mortgage loans held
by all institutional lenders, by institutions eligible for membership in the Federal
Home Loan Bank System, and by member institufzons
[All amounts in millions of dollars]
Total
loans I
Held by eligible
2 institutions
Held by F. H. L. B.
System members
Dec. 31
Amount
1932 ----------.---------------------- $13,161
1933 ..-------------.---------------------11,831
1934
..------------.----------------9, 936
1935.--..----....
----------------------9, 057
9,035
1936-----------------------------------
Amount
$11,166
10,021
8,747
7,868
7,805
Percent of
total
84.8
84. 7
88. 0
86. 9
86.4
Amount
$156
1, 820
1,848
1, 784
2,043
Percent of
total
1.2
15.4
18. 6
19. 7
22.6
1 Excludes loans held by Home Owners' Loan Corporation, individuals, mortgage companies, and miscel
laneous lenders.
2
Includes savings banks and insurance companies.
It is evident, therefore, that the Federal Home Loan Bank System
is making substantial progress in developing home-financing activity
on the part of its members. However, table C shows that the insti
tutions which are actually members or eligible for membership in the
Federal Home Loan Bank System hold about 85 percent of the total
volume of home-mortgage loans held by all institutions. The Federal
Home Loan Bank Board therefore faces the problem of the extension
of its facilities to these other institutions which, although eligible for
membership, have not as yet joined the Federal Home Loan Bank
System.
These figures bring out the fact that, although the Federal Home
Loan Bank Board and its agencies have been in existence but 5 years,
they have had a marked influence on the entire field of thrift and
home finance. It has been demonstrated they constitute the logical
means by which much further progress may be made toward more
economical home financing. Much of the constructive influence of
these agencies is not apparent in their financial statements and formal
reports.
Outstanding during the fiscal year has been the ever-increasing use
by lending institutions of the direct-reduction mortgage for home
financing. While many others have contributed materially toward
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
9
this end, the Board and its agencies have played an important role.
The direct-reduction home loan is the standard form for all Federal
savings and loan associations and for a rapidly increasing number of
State-chartered members. The Home Owners' Loan Corporation
not only took the lead in popularizing this mortgage plan, but out
of its wide experience in practically every city, town, and hamlet of
the country have come refinements which lead to a sounder, more
acceptable, and practical solution of the the problem of home owner
ship. (The direct-reduction home-loan plan is fully defined in the
report of the Federal Savings and Loan System.)
From a national standpoint, the Federal savings and loan associa
tions and many State-chartered members of the Bank System have
consistently shown the way to the elimination of hidden and exhorbi
tant fees and commissions which becloud the true interest rate paid
by the borrower. Many other contributions throughout the entire
field of thrift and home financing were made during the year as the
result of the numerous and widespread contacts of Board agencies.
The appraising technique of member institutions has been improved
and accounting methods have been simplified. The Property Man
agement and Loan Servicing Departments of the Home Owners' Loan
Corporation have demonstrated the benefits to lending institutions of
better operating methods and have shown that the problems often
existing between the mortgagee and mortgagor are best solved by
a helpful and considerate attitude on the part of the mortgagee. The
reconditioning work of the Home Owners' Loan Corporation has proved
to mortgagees the desirability of rehabilitating their acquired prop
erties. These and many other benefits are amplified in the reports of
the four agencies of the Board which are hereinafter presented in the
following order:
1. Federal Home Loan Bank System.
2. Home Owners' Loan Corporation.
3. Savings and Loan Division.
4. Federal Savings and Loan Insurance Corporation.
10
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
rrrrrrrrrrF
FEDERAL
HOME LOAN
BANK SYSTEM
12 REGIONAL BA NKS
LONG TERM ADVANCES
TO
3886 MEMBER THRIFT AND
HOME FINANCING INSTITUTIONS
THROUGHOUT THE COUNTRY
The funds of the institutions are used for loans for
Building, Buying and Refinancing Homes and to meet
the withdrawal needs of the investors of the institutions
FEDERAL HOME LOAN BANK SYSTEM ANNUAL REPORT
TO THE CONGRESS, JUNE 30, 1937
It will be recalled that the Federal Home Loan Bank System was
created by the Congress in 1932 to provide a national reserve of
credit for the local thrift and home-financing institutions, so that they
might better serve their communities with a continuous supply of
home-financing funds and furnish reasonable liquidity for investments
in such institutions.
Prior to the establishment of this System, thrift and home-financ
ing institutions were dependent upon commercial bank borrowings
for funds to meet exceptional loan or emergency withdrawal demands.
Commercial banks cannot provide the type of credit needed by thrift
institutions whose funds are invested in long-term home mortgages,
primarily because bank loans are generally restricted to 1 year or less.
This was apparent during the years of normal business activity, but
the depression brought into particularly sharp relief the need for a
dependable Nation-wide Federal reserve of both long- and short-term
credit for the thrift and home-financing institutions of the country.
Today, these institutions through the Federal Home Loan Bank
System can secure either short- or long-term advances (10-year loans)
to meet their credit needs. To the millions of present and future
individual savers and home owners of the Nation, this means that the
institutions which are members of this System have behind them a
Federal reserve of home-mortgage credit which is not directly depend
ent upon irregular accumulations of savings within their own localities.
Therefore such member institutions now can reasonably meet the
borrowing and withdrawal needs of the citizens of their communities.
During the past year the 12 regional banks of the System passed
an important milestone when they entered the capital markets for
the first time to obtain funds by the sale of $24,700,000 principal
amount of consolidated debentures, which are the joint and several
obligations of the 12 banks. The ready acceptance of their first
offering of debentures, described later, demonstrates that the banks
constitute an appropriate channel through which accumulations of
idle funds in other types of financial institutions can flow into the
long-term lending institutions and be directly applied to the construc
tion, modernization, and financing of homes. Surplus money in one
section of the country can now readily be transferred to other sections
where funds may be needed for home-financing purposes.
In addition to providing a central reservoir of credit for the savings
and home-financing institutions, the Federal Home Loan Bank System
is exerting great influence in the development of sounder and more
economical policies and procedures under which long-term home
financing institutions make their funds available for the acquisition,
refinancing, and modernization of homes and in the development of
savings and investment plans which are simple, attractive, and safe,
and tend to encourage thrift and the accumulation of savings.
11
12
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
In order that each section of the country may have convenient
access to the facilities of the Federal Home Loan Bank System, the
United States, including Puerto Rico, the Virgin Islands, and the
Territories of Hawaii and Alaska, is divided into 12 Federal Home
Loan Bank districts. Each district is served by a regional Federal
Home Loan Bank managed by a board of directors selected from the
district.
The board of each regional bank is composed of 12 directors, 8
of whom are elected by the member institutions and 4 appointed by
the Federal Home Loan Bank Board to represent the public interest.
For purposes of election, the member institutions are classified into
three divisions in accordance with their size. Each of these divisions
elects two directors and all members select two directors at large.
This method gives all classes of institutions representation on the
boards of directors of the banks.
This localization of the management of the regional banks assures
each section of the country understanding consideration of its own
peculiar problems. Coordination of the System and reasonable
national uniformity are obtained by general supervision by the
Governor of the Bank System and the Federal Home Loan Bank
Board. A map showing the 12 Federal Home Loan Bank districts and
the location of their banks appears as exhibit 10.
MEMBERSHIP IN THE SYSTEM
Membership in the Federal Home Loan Bank System is available
to building and loan associations, savings and loan associations,
cooperative banks, homestead associations, insurance companies, and
savings banks, which are subject to public inspection and regulation
under the laws of a State or of the United States and which make home
mortgage loans on a long-term, sound, economical basis. All Federal
savings and loan associations are required to be members of the
System. They are described in another section of this report.
Federal associations are under the direct supervision of this Board.
Membership in the System is becoming increasingly advantageous.
With its assurance of ample credit facilities it brings added prestige
to the institutions which can display the insignia of bank member
ship. In addition, a member institution has access to a central
source of thrift and home-financing knowledge and experience gained
by the trained and specialized personnel of the banks and the Federal
Home Loan Bank Board.
Practically every community in the Nation is now actively served
by one or more member thrift and home-financing institutions. At
the time the Federal Home Loan Bank System was created, it was
estimated that there were more than 1,554 counties out of 3,072
counties in the United States in which no thrift and home-financing
institution was located. The second Annual Report of the Federal
Home Loan Bank Board at page 108 sets forth a map of the United
States on which are shown the counties of the United States having
domestic home-financing institutions on June 13, 1933. It also
shows the areas serviced by Federal savings and loan associations
established since the enactment of Home Owners' Loan Act of 1933,
to January 1935.1
1 On November 30, 1937, 2,863 counties out of the total of 3,072 counties of the United States were being
served in Whole or in part by Federal savings and loan associations, and of the 2,863 counties being served
1,382 of such counties had not previously had any thrift and home-financing institution located therein.
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
13
On June 30 there were 3,886 members serving more than 4,000,000
American families, either as custodians of their savings or as lenders
of the funds with which they were buying, modernizing, or refinancing
their homes. Based upon the total loans made, members of the
Federal Home Loan Bank System represent the largest single factor
in the institutional financing of homes in this country. Exhibit 9,
based on reports of member institutions, shows their estimated volume
of mortgage loans made during the fiscal year ended June 30, 1937.
In that period loans amounting to $611,392,000 were financed. Of
this total, $176,856,000 was spent for new construction and $36,555,000
for reconditioning, providing employment for labor and increased
use of building materials. A large percentage of these loans started
families on a program of amortized home purchase, with eventual
debt-free home ownership as their goal. (Exhibit 9 also shows loans
made during the year by districts and by type of member institutions.)
The report of the Federal Savings and Loan System, covering the
calendar year 1936, previously published, shows the amount of mort
gage loans held, and other asset and liability items, for each member
Federal savings and loan association, as of December 31, 1936. Copies
of this report may be obtained from the Governor of the Federal
Home Loan Bank System. Similar reports reflecting pertinent
statistics for member institutions under State charter are published
by the various State supervising authorities.
Membership in the 12 Federal Home Loan Banks increased during
the fiscal year by 246 institutions. On June 30, 1937, the classifica
tion and total estimated assets of members were as follows:
Savings and loan associations (including homestead associations
and cooperative banks):
Estimated assets
State-chartered members (2,585)-------------------- $2, 484, 000, 000
986, 000, 000
Federal savings and loan associations (1,281)------------Other members:
163, 000, 000
Savings banks (8)----------------------------------174, 000, 000
Insurance companies (12) ----------------------------Total (3,886)-----------------------------------
3, 807, 000, 000
Exhibit 1 gives a complete list of the members of the Federal
Home Loan Bank System arranged alphabetically by States and
cities.
LEGAL DEPARTMENT
The Legal Department of the Board determines each applicant's
legal eligibility for membership. During the year it rendered more
than 7,000 opinions upon various phases of corporate and regulatory
law as it relates to the eligibility of applicants for membership in a
Federal Home Loan Bank, the issuance of new Federal savings and loan
charters, the conversion of State-chartered associations to Federal
charters, the insurance of savings accounts, and the investments by
the Home Owners' Loan Corporation in savings institutions.
REVIEW
COMMITTEE
When the Legal Department has approved an applicant for member
ship, the Review Committee of the Board passes upon its financial
condition and its ability to comply with the provisions of the act.
This committee considered and reported on the application of 418
43246-38-2
14
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
institutions during the year.
In addition, it analyzed and made
recommendations to the Board on all applications for Federal savings
and loan charters, insurance of accounts, mergers and reorganizations,
and Home Owners' Loan Corporation share investments.
SOURCES
OF FUNDS
Demands on savings and loan associations for home-financing funds
are greatest when the real-estate market and construction industry
are most active. Likewise, the financial needs of savers in these
associations vary with the season. These demands are reflected in
requirements of the institutions for advances from their respective
district Federal Home Loan Banks. Funds needed by these banks
for these purposes are derived from the capital-stock investments in
the System by the United States Treasury and by member insti
tutions, from the deposits of member institutions, and from the sale
of consolidated debentures of the 12 banks.
Under the Federal Home Loan Bank Act, the Secretary of the
Treasury was directed to subscribe on behalf of the United States
for such part of the minimum capital of each Federal Home Loan Bank
as was not subscribed by members within 30 days after the stock
subscription books were opened. On this basis, the Secretary of the
Treasury subscribed to $124,741,000 of stock in the 12 banks. Up
to last June 30, the Treasury had paid in $120,514,000, leaving a
balance of $4,227,000 awaiting the call of the banks. The combined
capital-stock structure of the Federal Home Loan Banks on that date
is summarized as follows:
Total stock subscriptions--------------------------------$156, 574, 800
Members -------------------------------------------U. S. Government
-----------------------------------
31, 833, 800
124, 741, 000
Payments received on stock subscriptions--------------------
152, 044, 510
Members ------------------------------------------U. S. Government -----------------------------------
31, 530, 510
120, 514, 000
Balancedue on above stock subscriptions --------------------
4, 530, 290
Members------------------------------------------U. S. Governmnt -------------------------------------
303, 290
4, 227, 000
There is attached hereto as exhibit 2 a statement showing by dis
tricts and States the number of member institutions, amount of shares
subscribed by each, the number of borrowing members, and the
advances outstanding on June 30, 1937, Each member must maintain
an investment in the stock of its member Federal Home Loan Bank to
the extent of not less than 1 percent on the unpaid principal of its
home mortgages but not less than $500. A borrowing member insti
tution is required to have a stock investment in its Federal Home Loan
Bank amounting to not less than one-twelfth of its outstanding
advances from the bank. During the year member subscriptions to
stock increased in the amount of $5,117,485, and their deposits in
the Federal Home Loan Banks grew to a total of $14,747,559.29.
Perhaps the most striking evidence of the progress made by the
Federal Home Loan Bank Board toward building a sound Federal
home-mortgage reserve system during the year was the successful
ANNUAL
REPORT OF FEDERAL HOME LOAN BANK BOARD
15
flotation of the first issue of consolidated Federal Home Loan Bank
debentures. In creating the System, Congress adopted the theory
of a reserve system modeled after the Federal Reserve System for
commercial and industrial credit. This System does not have the
right of issuing currency notes. The statute provides that the capital
of the 12 regional banks held by the Treasury of the United States is
to be retired by further subscriptions to stock in the banks by the
member institutions.
Until late in the fiscal year of 1937 the capital advanced by the
United States Treasury and member institutions was sufficient to
meet the financial requirements of the 12 banks. However, last spring
it became necessary for the banks to enter the money market for
funds. The public acceptance of the initial offering of $24,700,000
consolidated debentures of the 12 Federal Home Loan Banks was
wholehearted, marking the passing of an important milestone in their
history. The issue was oversubscribed many times within a few
hours.2
Consolidated Federal Home Loan Bank debentures are the joint and
several obligations of the Federal Home Loan Banks. The law limits
outstanding debentures to five times the total paid-in capital of all
the banks at time of issue, and, in any event, to an amount not in
excess of the members' notes or obligations held by the banks, which
are secured by mortgages, obligations of the United States, and obli
gations guaranteed by the United States. While any debentures
are outstanding, no assets of the Federal Home Loan Banks may be
pledged for any purpose, nor shall the Board or any bank voluntarily
permit any lien to attach to the assets of the banks. The Board has
placed additional limitations on issues of consolidated debentures
having maturities of 1 year or less from date of issue.
LENDING
ACTIVITIES OF THE FEDERAL HOME LOAN
BANKS
During the fiscal year, the Federal Home Loan Banks continued to
expand their advances to member home-financing institutions. Out
standing advances at the beginning of the year were $118,586,838.
During the year $114,287,052.41 was advanced and $65,817,003.85
repaid. This left a balance of $167,056,886.56 outstanding on June
30. There is attached hereto as exhibit 3 a tabulation by months of
the total advances made and repaid, and the balance outstanding,
from the beginning of the operations of the Federal Home Loan Banks
to last June 30.
The reasonable rates of interest charged by the 12 banks are shown
in exhibit 4.
BORROWING CAPACITY
OF MEMBER IINSTITUTIONS
The 3,886 members of the System had a potential borrowing ca
pacity of approximately $1,188,000,000 on June 30. This indicates
the extent to which the 12 banks can be called upon to supply home
financing credit. This potential borrowing capacity is based on the
approximate amount for which each member can legally obligate
itself. Attached as exhibit 5 is a statement of the approximate
borrowing capacity of members by districts and by States.
2 Series B of these consolidated debentures was oversubscribed 10 times when issued July 27, 1937, and
series C oversubscribed 8 times when issued November 16, 1937.
16
ANNUAL
REPORT OF FEDERAL HOME LOAN BANK BOARD
FINANCIAL CONDITION OF THE 12 FEDERAL .HOME LOAN BANKS
During the fiscal year the consolidated gross income of the System
amounted to $4,913,089.60, of which $4,472,810.05 was interest earned
on advances, $337,064.31 interest on investments, and the. balance
miscellaneous items of income. The total deductions from income
during the year amounted to $1,281,937.37, as shown in detail in
exhibit 7, consisting of the following: Personal services, $492,750.34;
travel expenses, $67,998.54; other administrative expenses, $489,130.45;
net Federal Home Loan Bank Board assessment, $232,058.04; a total
of $1,281,937.37.
The consolidated net income of the 12 banks during the year
amounted to $3,631,152.23. On June 30 their surplus was $4,361,
239.55, of which $2,403,485.43 was the reserve required under section
16 of the Federal Home Loan Bank Act. The total capital stock and
surplus on that date was $156,405,749.55. Detailed statements of
condition on June 30, and of profit and loss for the fiscal year for each
of the banks, as well as on a combined and consolidated basis, are
attached as exhibits 6 and 7. There is also attached, as exhibit 8,
an analysis of surplus and reserves of the banks, individually and
collectively.
OFFICE OF THE GOVERNOR,
FEDERAL HOME LOAN
BANK
SYSTEM
Under the direction of the Board, immediate supervision over the
operations of the Federal Home Loan Bank System is vested in the
Governor of the Federal Home Loan Bank System. For purposes of
administration, his office functions through two major divisions,
directed by the Comptroller and the Chief Supervisor. The Comp
troller is responsible, under the direction of the Governor, for super
vision over the operations of the 12 banks, and for the semiannual
examinations of them, as required by law; and for the handling of
the Board's internal fiscal operations, including the administrative
audit of all disbursements.
SUPERVISION
OF INSURED
INSTITUTIONS
By statute, the Board is responsible for the supervision of Federal
savings and loan associations, all of which are insured institutions.
The Board, acting as the board of trustees of the Federal Savings and
Loan Insurance Corporation, is likewise responsible for the supervision
of State-chartered insured institutions necessary to protect the Cor
poration's interests and to accomplish the purposes for which the
Corporation was created.
SUPERVISORY
FUNCTIONS
Under the direction of the Governor, the supervisory function is
exercised by the Chief Supervisor in Washington and through the
officers of the Federal Home Loan Banks, who act as agents of the
Board for this purpose. The Office of Assistant Governor has been
created to act as a liaison between the 12 regional banks and the
Governor in connection with supervision of member institutions.
The objectives of the Board's supervision are: (1) Compliance with
the statutes and the regulations governing the institutions supervised;
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
17
(2) development and maintenance of sound and economical home
financing and sound thrift policies among institutions supervised;
and (3) the maintenance of solvent, well-managed institutions.
EXAMINING DIVISION
The Examining Division of the Board, which acts solely as a fact
finding body, ascertains the facts regarding the financial status and
policies of all such supervised institutions, and such other facts as
may be required for a determination as to whether these institutions
are operating within the law and regulations.
This Division is responsible for all examinations required by the
Federal Home Loan Bank Board, the Federal Savings and Loan
Insurance Corporation, the Federal Home Loan Banks, and the Home
Owner's Loan Corporation (in connection with requests for invest
ments by that Corporation pursuant to section 4 (a) of the Home
Owners' Loan Act of 1933 as amended). It prepares analyses of such
examinations and of all investment requests. While primarily for the
benefit of the proper functioning of the Board, these activities are of
especial value to examined institutions themselves in assisting them
to solve their internal management problems.
Representatives of the Examining Division counsel with the
executives of an examined institution only on subjects relating to
accounting methods. Its findings are submitted to and reviewed by
supervisory authorities, who take necessary supervisory action. The
Chief Examiner is in the Washington office of the Board. A regional
office in charge of a district examiner is located in each of the 12 bank
districts, and quartered in or near the Federal Home Loan Bank of the
district.
The Examining Division makes at least one complete examination
annually of each Federal savings and loan association and each
State-chartered insured institution. The numbers of both types are
continually increasing, adding to the responsibilities of the Division.
During the past year 5,189 individual examinations or analyses
were made by the Examining Division. Approximately half of these
were in connection with supervisory work or with the eligibility of
institutions for membership, conversion to Federal charter, and insur
ance of accounts. The remainder were in connection with the
investment of Home Owners' Loan Corporation funds in member or
insured institutions.
Since loans upon real estate comprise the principal assets of the
institutions supervised by the Board, the Examining Division occa
sionally requires physical appraisals of the real estate underlying
portions of these loans. These are generally made by independent
fee appraisers under the direction of the examining officials.
LEGAL OPERATIONS
Due to the increase in the number of member and federally and
State-chartered insured institutions and in the volume of Home
Owners' Loan Corporation investments in savings institutions, the
supervisory law work increased more rapidly than any other phase of
legal work during the year. Through coordination with the counsels
for the 12 Federal Home Loan Banks, and, wherever possible, with the
18
ANNUAL
REPORT OF FEDERAL HOME LOAN BANK BOARD
legal representatives of State supervisory authorities, economies
consistent with the supervisory responsibilities of the Board are being
obtained. As a result, the consolidated Legal Department of the
Board has no field personnel or administrative expenses other than a
minimum for travel expenses.
This legal activity is contributing toward the uniformity of opera
tions of members of the Bank System, Federal savings and loan
associations, and other insured institutions, bringing about closer
compliance with the laws and regulations of the various jurisdictions
and substantially reducing supervisory difficulties. Interpretative
opinions are made available to the entire membership of the Federal
Home Loan Bank System through the Board's monthly publication,
the Federal Home Loan Bank Review.
DIVISION OF RESEARCH AND STATISTICS
By consolidating all statistical and economic research activities of
the Board and its agencies in one division, efficient operation at low
cost is obtained.
The Division of Research and Statistics conducts its activities under
three major categories: (1) The preparation and analysis of operating
reports; (2) special studies in the field of economic research; and (3)
surveys of local communities, with particular reference to real-estate
finance.
The preparation and analysis of routine reports include the
collection, compilation, and summarization of monthly records of
mortgage-lending activity from savings and loan associations in every
State. These reflect the volume of new mortgage loans segregated
by purpose of loan and by type of institution. A complete and
detailed file record of the resources of institutions of the savings and
loan type, as well as all other home-financing institutions, is main
tained, from which quarterly reports are prepared reflecting the
changes and progress in membership in the Federal Home Loan Bank
System, and the growth in Federal and insured institutions. Period
ically throughout the year, analytical reports are compiled from avail
able data reflecting changes in the resources of all State-chartered
nonmember savings and loan associations, mutual savings banks, and
insurance companies eligible for membership. In addition, each year,
this Division prepares a summary, containing analytical exhibits and
comments, of the annual reports of all members of the Federal Home
Loan Bank System.
The research program, so far as it pertains to the Bank System,
includes studies of member savings and loan associations by size of
institution and by locality, with consideration given to the trend of
the major balance-sheet items over a period of years. Special studies
are made of Federal associations and State-chartered insured institu
tions as an aid to supervision. The growth and progress of savings
and loan associations, mutual savings banks, and insurance companies
are compared and analyzed, and the movement of various balance
sheet items studied.
In addition to this research work, which pertains specifically to
financial institutions, special studies of real-estate and home-financing
conditions, specifically applicable to the operations of the Federal
Home Loan Bank System, are made. These include the volume and
rate of residential construction by locality in actual terms and on a
ANNUAL
REPORT OF FEDERAL HOME LOAN BANK BOARD
19
seasonally adjusted basis over a period of years. Regular reports on
building activity, real-estate foreclosures, and the cost of residential
construction are prepared. Special studies show the growth and varia
tion in resources and the volume of mortgage-lending activity of
insurance companies. Reports on the progress of savings in various
types of financial institutions are now nearing completion. Additional
studies on real-estate financing, now in process, will greatly increase the
available information and will supply material of considerable value
and use in the supervision of Bank System operations.
Real-estate operations and home-mortgage financing require that
full consideration be given to prevailing local conditions. In order
that the Board and the administrative officers may formulate sound
policies in regard to the approval of financial institutions for member
ship in the Bank System, for federalization, for insurance of shares,
and for H. O. L. C. share investments, intimate knowledge of all the
factors and trends affecting home-mortgage financing in the respective
local communities is necessary. Unless an examination report of an
institution is analyzed in relation to the local economic, mortgage, and
real-estate conditions, erroneous decisions may be reached.
The Division of Research and Statistics prepares and maintains
survey reports for all cities of 40,000 population and over, which are
designed to give current, accurate, and comprehensive information of
local economic and mortgage conditions. These reports include such
subjects as community income, stability of manufacturing, wholesale
and retail-trade activity, type of population and trends, labor and
employment conditions; taxation and bonded debt; real-estate activ
ity; amount of the overhang of large real-estate holdings; the trend of
foreclosure and property acquisitions; the need for new housing; the
mortgage policies and programs of other financial agencies; comparison
of volume of mortgage lending, policies, and terms, by type of lending
institutions for the period 1929-37, and the effects of Government
home-financing activity; current home-mortgage volume, demand and
activity, interest and dividend rates on mortgages and savings; and
the relative position in the home-mortgage field by group and type of
lender.
An adequate number of copies of all city-survey reports are fur
nished administrative and operative officials in the home and field
offices, including the Federal Home Loan Banks. Field work supple
mented by all usable material already existing and available from
other Government and private sources is employed in the preparation
of these reports.
FEDERAL HOME LOAN BANK REVIEW
The Federal Home Loan Bank Review, the publishing of which is an
activity of the Public Relations Department, was created in October
1934, to be a regular monthly medium of communication with member
institutions of the Federal Home Loan Bank System. It has five
major objectives:
1. To maintain a permanent official record of the current operations
of the four agencies under the Board.
2. To provide the Board a regular means of contact with member
institutions of the Bank System, and to give a sense of unity to, and
raise the standards of, the Nation's principal home-financing insti
tutions.
20
ANNUAL
REPORT OF FEDERAL HOME LOAN
BANK BOARD
3. To provide a channel for the dissemination of sound principles
and sound techniques for home financing and related activities.
4. To present through the medium of statistical tables, indexes, and
charts a factual picture of current activities in home financing and
home construction in the United States.
5. As a last broad general objective, to help in correlating the activi
ties of the various Federal agencies active in the fields of home financ
ing, home construction, and housing.
Each issue of the Review groups its material under three general
headings. A general section is devoted to informative material based
upon analysis of current research in the field of housing and home
financing. Its purpose is to present clearly and accurately the sound
est principles and techniques developed for home finance, and to
analyze and evaluate basic trends. A second general portion of the
Review is made up of an analysis of residential construction and home
financing based upon selected statistical material developed by the
Federal Home Loan Bank Board's Division of Research and Statistics,
and by other governmental and private agencies. Each month the
most important trends are discussed and related to the activities of the
four agencies under the Board. The third general section is essen
tially reportorial. It makes available information concerning the
activities of the four agencies under the Board; transmits Board resolu
tions, counsel's opinions, and administrative rulings; and maintains a
current directory of member, Federal, and insured institutions.
On June 30 the circulation list of the Review comprised an extremely
representative cross section of the whole field of urban home-mortgage
finance, reflecting the interest not only of home-financing institutions
but also of appraisers, real-estate dealers, material suppliers, educators,
research analysts, and of the many other people and institutions
which require useful and accurate information upon current trends in
the urban home market. It is also extensively studied by classes in
economics in colleges and universities throughout the country. The
guiding policy of the Review is to give an increasingly comprehensive
and accurate picture of residential construction and home financing.
BUDGET FOR ADMINISTRATIVE
EXPENSE
Although the Board did not operate under a congressional appro
priation during the fiscal year, its expenditures were in accordance
with a budget approved by the Director of the Budget. Beginning
with the new fiscal year, the administrative expenses of the Board
and its agencies will be governed by the provisions of the Independent
Offices Appropriation Act, 1938.
ADMINISTRATIVE EXPENSES OF THE FEDERAL HOME LOAN BANK BOARD
Except for funds appropriated for the organization and develop
ment of Federal savings and loan associations, the Federal Home Loan
Bank Board has not required any Government appropriation since
July 1, 1933. , It has been operated entirely on a self-supporting basis
through assessments made against the 12 Federal Home Loan Banks,
the Home Owners' Loan Corporation, the Federal Savings and Loan
Insurance Corporation, the savings and loan promotion fund, and
the associations examined.
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
21
The following tabulation shows the administrative receipts and
disbursements for the fiscal year:
Balance as of June 30, 1936-_
---------------------------Receipts:
Assessments uponFederal Home Loan Banks------------ $232, 003. 40
Home Owners' Loan Corporation-------221, 948. 32
Federal Savings and Loan Insurance
Corporation --------------------82, 442. 05
Savings and loan promotion, Federal Home
Loan Bank Board
---------------24, 106. 11
469, 444. 52
Examining receipts --------------------Miscellaneous refunds---------------------1. 331. 32
$343, 685. 47
1, 031, 275. 72
1
Total cash and receipts---_------------
1, 374, 961. 19
Disbursements:
Salaries -------------------------------Supplies and materials ----------------__
Communications -------------------Travel.----------------------------
Transportation of things------------------_
Printing and binding-------------------_
Photographing and duplicating -------------Rents ----------------------------------Equipment, furniture and fixtures----------Special and miscellaneous ------------------
$847, 416. 40
4, 460. 96
14, 872. 96
134, 617. 25
272.
12, 804.
2, 890.
13, 805.
4, 189.
8, 036.
33
11
83
69
95
92
Total disbursements ------------------1, 043, 367. 40
Repayments to Home Owners' Loan Corpora
tion and Federal Savings and Loan Insurance
Corporation for partial retirement of amounts
previously advanced by the 2 Corporations_
75, 000. 00
S1,
118, 367. 40
Balance as of June 30, 1937---------------------------------256, 593. 79
The status of the savings and loan promotion fund, as of June 30,
is in the report of the Savings and Loan Division.
FEDERAL SAVINGS
AND
LOAN ADVISORY
COUNCIL
During the year two meetings were held by the Federal Savings and
Loan Advisory Council, created by the Congress under the act of
May 28, 1935. This council consists of 1 member elected by each of
the 12 boards of directors of the Federal Home Loan Banks, and 6
members appointed by the Federal Home Loan Bank Board. It
selects its chairman, vice chairman, and secretary, and adopts its own
method of procedure. It confers with the Board and the board of
trustees of the Federal Savings and Loan Insurance Corporation on
general business conditions and on special conditions affecting the
Federal Home Loan Banks, their members, and the Insurance Corpo
ration. It may request information and make recommendations on
matters within the jurisdiction of the Board and the trustees of the
Corporation. The council made many helpful recommendations and
suggestions during the year.
The officers and membership of the council, as of June 30, were as
follows: I. Friedlander, chairman, ninth district, elected by bank;
Col. Charles B. Robbins, vice chairman, eighth district, appointed by
Board; H. F. Cellarius, secretary, fifth district, elected by bank;
Edward H. Weeks, first district, elected by bank; LeGrand W. Pellet,
22
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
second district, elected by bank; James Bruce, second district, ap
pointed by Board; J. J. O'Malley, third district, elected by bank;
George W. Bahlke, fourth district, elected by bank; George W. West,
fourth district, appointed by Board; T. H. Tangeman, fifth district,
appointed by Board; F. S. Cannon, sixth district, elected by bank;
Morton Bodfish, seventh district, elected by bank; Charles E.Broughton,
seventh district, appointed by Board; John F. Scott, eighth district,
elected by bank; George E. McKinnis, tenth district, elected by bank;
Frank S. McWilliams, eleventh district, elected by bank; Ralph H.
Cake, eleventh district, appointed by Board; Edwin M. Einstein,
twelfth district, elected by bank.
BANK PRESIDENTS'
COUNCIL
The Bank Presidents' Council, created by resolution of the Board,
and consisting of the executive heads of the 12 Federal Home Loan
Banks, also held two meetings during this fiscal period. It considered
various problems in the field or referred to it by the Federal Home
Loan Bank Board. Its particular attention was directed to the de
tailed administration of the bank system and plans for supervision.
Recommendations and suggestions of constructive value in the ad
ministration of the banks were made to the Board.
FEDERAL HOME BUILDING
SERVICE PLAN
The Federal Home Building Service Plan, formally adopted by the
Board on September 25, 1936, is a program to improve underlying
mortgage security by obtaining good design and sound construction.
It is being developed, in cooperation with the regional Federal Home
Loan Banks, through the facilities of the several agencies under the
Board, particularly the Reconditioning Division of the Home Owners'
Loan Corporation.
Substantial progress is being made toward the initial objective of
placing the program under operation in at least one important city in
each regional bank area. At the close of the year the program was
under development in some 30 cities.
Excellent cooperation has been given both nationally and locally by
the organized architectural profession. The plan was described in
detail in the March 1937 issue of the Octagon, published by the
American Institute of Architects. At the convention of the institute
in June 1937 resolutions were adopted commending the Board for its
efforts to promote sound construction policies in the small-house field
and instructing its Housing Committee to continue its cooperation with
the Board.
FEDERAL SAVINGS AND LOAN SYSTEM
Section 5 of the Home Owners' Loan Act of 1933 authorizes the
Federal Home Loan Bank Board "to provide for the organization, in
corporation, examination, operation, and regulation of associations
to be known as 'Federal savings and loan associations,' and to issue
charters therefor, giving primary consideration to the best practices
of local mutual thrift and home-financing institutions of the United
States."
The authorization to charter Federal savings and loan associations
was primarily to afford thrift and home-financing facilities to those
communities of the country which were being inadequately served in
these regards. Federal associations are created either by conversion
from State to Federal charter, or by the granting of new charters. A
converting institution, on vote of its board of directors and with the
formal approval of its shareholders, or a group of citizens desiring to
form a new Federal association, makes application to the Federal
Home Loan Bank Board for a Federal charter. It is the province of
this Board to determine the qualifications of the applicants and the
advisability of granting the charter. The law provides that each
Federal savings and loan association be a member of the Federal
Home Loan Bank System and that it qualify for insurance of its
accounts by the Federal Savings and Loan Insurance Corporation.
As an impetus to the promotion of public confidence, and to the
encouragement of Federal associations in meeting the home-financing
needs of their respective localities, both the Secretary of the United
States Treasury and the Home Owners' Loan Corporation were author
ized to purchase shares in these institutions. The Treasury invest
ment, not to exceed $50,000,000, was for the benefit of Federal associa
tions only, while the Home Owners' Loan Corporation was authorized
to invest up to $300,000,000 in both Federal and State-chartered
members of the Federal Home Loan Bank System, or those insured by
the Federal Savings and Loan Insurance Corporation. The following
table indicates the total investments in Federal associations from both
of these appropriations as of June 30, 1937:
Secretary of the Treasury------------------------.
Home Owners' Loan Corporation..------.-------------.
Total-----------------------------
--------
out
stt
vestnding in
vestments
Investments
made
Investments
retired
$49, 300,000
150, 368,400
$1,116,300
12,000
$48,183, 700
150, 356,400
199,668,400
1,128,300
198, 540,100
On June 30, 1937, there were 1,286 Federal savings and loan associa
tions in operation, as compared to a total of 1,135 associations on
June 30, 1936. Of the net increase of 151 charters outstanding, 141
arose from the conversion of State-chartered institutions and 10 were
new associations.
23
24
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
During the fiscal year the number of shareholders of Federal associa
tions increased from 619,618 to 801,347; the assets of Federal associa
tions from $657,534,365 to $986,297,848; private share investments
from $429,599,541 to $594,927,958; the United States Treasury and
Home Owners' Loan Corporation investment from $102,040,100 to
$198,540,100; Federal Home Loan Bank advances from $44,110,502
to $76,193,287; and mortgage loans outstanding from $474,519,057
to $742,674,375. Exhibit 11 attached hereto shows these items by
States.'
The mortgage-lending activity of Federal savings and loan associa
tions showed a healthy increase over the preceding year. During the
year ending last June 30, they made total advances of $286,770,000, of
which $98,957,900 was for new construction, $82,861,900 for the pur
chase of homes, $67,189,700 for refinancing, not including the refinanc
ing of mortgages held by the associations, $16,861,700 for repairs and
reconditioning, and $20,898,800 for other purposes. The details of
these advances by States are shown in exhibit 12 attached.
The total dividend disbursement of Federal savings and loan asso
ciations for the calendar year ending December 31, 1936, amounted
to $18,787,467, the average annual rate being 3.76 percent.
In the course of 3 years of experience under the original form of
charter issued to Federal savings and loan associations, the desirability
of amending certain of the original provisions became apparant. Ac
cordingly, a new form of charter, together with a complete revision of
rules and regulations, was issued by the Board on December 1, 1936.
This new instrument was the result of a study undertaken in 1935
of how further to encourage the adoption of sound policies and prac
tices by Federal savings and loan associations. Various drafts of a new
charter were produced and submitted for further study at that time.
Committees were appointed and these and numerous leaders in the
industry were consulted, including the officers of the 12 Federal home
Loan Banks, the Federal Savings and Loan Advisory Council, and the
Federal savings and loan committee of the United States Building
and Loan League. Much constructive assistance in framing the final
draft of the new charter came from these circles.
As a result, the new charter represents the current collective thought
of the industry. From the standpoint of discretion in the manage
ment of a Federal association, it is less rigid than the former charter,
and possesses other qualities of distinction not the least of which is
its great simplicity. It is the belief of most of the leaders of the
thrift and home-financing industry that the new charter is the most
adequate and effective instrument yet devised to bring the people of
moderate means security in the profitable employment of their sav
ings, and economy in the acquisition of their homes.
Since its approval the revised charter has been issued to all newly
organized or newly converted associations. Those chartered prior to
1 There were 1,307 Federal savings and loan associations in operation on September 30, 1937, as compared
to a total of 1,135 associations on June 30, 1936. Of this net increase of 172 charters, 159 arose from the con
version of State-chartered institutions and 13 were new institutions.
From June 30, 1936, to September 30, 1937, the number of shareholders in Federal associations increased
from 619,618 to 844,006; private share investments from $429,599,541 to $622,002,723; mortgage loans outstand
ing from $474,519,057 to $799,034,000; assets of Federal associations increased from $657,534,365 to $1,034,146,041;
the United States Treasury and the Home Owners' Loan Corporation investment from $102,040,100 to
$212,145,900; and Federal Home Loan Bank advances from $44,110,502 to $86,089,627.
Cumulative to October 31, 1937, the Federal savings and loan associations have made mortgage loans of
approximately 630 million dollars. Of this amount about 365 million dollars was provided for the purchase
or construction of homes, 180 million dollars for the refinancing of existing loans, and the remainder for re
conditioning and other purposes.
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
25
December 1, 1936, may amend their charters to the new form at
their own option. On June 30, 1937, a total of 996 revised charters
had been granted to old and new associations, leaving only 290 of
the old form of charter outstanding.
One example of the simplicity of the new charter is the type of
share accounts authorized. Members are not required to subscribe
to shares with fixed maturity or par value. Allaccounts participate
equally in the earnings of the association in proportion to the cumu
lative value of each. Only two types of such accounts are provided,
namely: (1) Investment share accounts, for the investment of lump
sums in any multiple of $100, on which dividends, as earned, are paid
in cash semiannually; (2) savings share accounts, for the saving or
investment of any amount at the option of the saver, on which divi
dends, as earned, are added to the account semiannually. All ac
counts are nonassessable and no repurchase or withdrawal fee of any
kind may be charged.
Other features of the revised charter are:
Each member is entitled to one vote for each $100, or fraction
thereof, credited to his share account, at any annual or special meet
ing; no member may cast more than 50 votes in his own right at any
meeting, but a borrower may cast 1 vote as a borrower.
At least 5 percent of the net earnings of each association must be
transferred to reserves (other than reserve for bonus) at each
dividend date, until the aggregate of such reserves is equal to at least
10 percent of the association's outstanding capital.
In order to afford greater liquidity, the amount of advances an
association may obtain by borrowing is raised to 50 percent of an
association's share capital. Within such an amount the new charter
permits an association to obtain advances up to 10 percent of its
share capital from sources other than its Federal Home Loan Bank.
To provide a more flexible loan plan for home owners, the new
charter provides that mortgage loans shall be made on the direct
reduction plan, monthly payments being applied first in payment of
interest due, and the balance in direct reduction of the unpaid prin
cipal, with interest computed each month on the remaining unpaid
principal, thus automatically reducing the interest cost to the borrower
each month. Borrowers are not required to subscribe for any shares
in the associations. Loans are made on homes, or combination home
and business properties, up to 75 percent of the appraised value thereof.
However, when authorized by vote of the members of the association,
loans may be made up to 80 percent of such security. The charter
contains provisions for a limited amount of loans on other improved
real estate, and for a limited amount of mortgage loans on a straight
loan basis, repayable within 5 years, without monthly amortization
of the principal.
Funds of an association may be invested only in first mortgages
on improved real estate, principally upon homes, or in loans to mem
bers upon their share accounts; except that funds may be invested
also in obligations of the United States Government, or in stocks or
bonds of the Federal Home Loan Bank System.
The supervision of Federal savings and loan associations is centered
in the office of the Governor of the Federal Home Loan Bank System.
Field supervision is delegated to the officers of the 12 Federal Home
Loan Banks who serve as agents of the Board with relation to the
26
ANNUAL
REPORT OF FEDERAL HOME LOAN BANK BOARD
member institutions in their respective districts. In addition to being
a credit reservoir and a supervising agency for these member institu
tions, each bank acts in an advisory capacity with reference to operat
ing problems, and its president acts as the regional agent of the Federal
Savings and Loan Insurance Corporation.
Each Federal association is required to prepare and file an annual
report which, together with its regular monthly report, adequately
serves the needs of the credit departments of the Federal Home Loan
Banks as well as the supervisory departments of the Federal Home
Loan Bank Board and the Federal Savings and Loan Insurance
Corporation. Similarly, one examination and audit of each member
institution is sufficient for all purposes.
This arrangement has proved beneficial both to the banks and the
associations. The cost of examinations and the handling of super
visory matters is held to a minimum, while uniformity in supervising
policies and operations is greatly facilitated. This one contact
between an association and the officers of its bank leads to a closer
understanding of their mutual problems and results in greater efficiency.
The influence of Federal savings and loan associations in the home
financing field is evidenced by the fact that during the first 6 months
of 1937 the dollar volume of loans made by them increased 67 percent
as compared with the same period in 1936. 2 Their total loans for
this period represent approximately 48 percent of all home loans made
by member institutions of the Federal Home Loan Bank System.
But their value to the savings and loan industry is not solely a matter
of statistics. They have introduced an educational factor valuable
to institutional management and public alike. Through the leader
ship and example of Federal savings and loan associations, there has
developed on the part of the investor an increasing appreciation of
the need for safety of his funds. Concurrently, there is growing evi
dence of the determination of the thrift and home-financing institu
tions of the country to meet the demand for safety by obtaining in
surance through the Federal Savings and Loan Insurance Corporation.
Much has been accomplished also in standardizing those types of
practices which time has proved equitable and successful. Lending
plans have been clarified and interest costs have been lowered. The
use of fines and forfeitures is becoming a matter of past history.
Exhibit 1 shows a complete list of Federal savings and loan associa
tions arranged alphabetically by States and by individual location.
2
The Division of Research and Statistics of the Federal Home Loan Bank Board has estimated that
all active savings and loan associations in the United States during the first 10 months of 1937 made new
mortgage loans aggregating more than $660,000,000. Of that total, loans amounting to about $182,000,000
were made for new-home construction, about $233,000,000 for home purchases, about $139,000,000 for refinanc
ing existing loans, about $42,000,000 for reconditioning, and $64,000,000 for other purposes. Of such total
mortgage lending, about 44 percent ($292,000,000) was done by some 2,700 State-chartered members of
Federal Home Loan Banks, having about $3,000,000,000 of resources and using in connection there with the
reserve credit of such Federal Home Loan Banks; about 40 percent $(2660,00,000) by some 1,300 Federal savings
and loan associations having over $1,000,000,000 of resources and also using reserve bank credits; 15 percent
($102,000,000) by thrift and home-financing institutions which are not members of the Federal Home Loan
Banks. These figures also point out that approximately $625,000,000 of new mortgage loans throughout the
United States have been made by Federal savings and loan associations since their inception.
HOME OWNERS' LOAN CORPORATION ANNUAL REPORT
TO THE CONGRESS, JUNE 30, 1937
The Home Owners' Loan Corporation, its original lending activities
terminated, devoted the past fiscal year primarily to the servicing of
its investment of more than $3,000,000,000 in loans and to the man
agement and disposal of its acquired properties. Records of June
30, 1937, show 19,489 loans repaid in full, and $270,344,088 repaid on
principal of the Corporation's mortgage loans, applicable for the
retirement of bonds. With delinquencies steadily being reduced and
the great mass of borrowers meeting their obligations with increasing
fidelity, the Corporation has been able more definitely to chart its
course for the future.
That course, of necessity, has been and must be pursued with full
recognition of the Corporation's triple responsibility to its borrowers,
its bondholders, and to the taxpayers. The basic purpose of the
Congress in establishing the Corporation pledges it to extend every
possible consideration to those who turned to it for aid. At the
same time, the Corporation is bound to protect the funds entrusted
to its care. And unquestionably it has an obligation to conduct its
endeavors to aid its own borrowers in a manner which will not place
an unfair burden on their neighbors, the great mass of taxpayers.
The Home Owners' Loan Act, as amended, authorized the issuance
of bonds totaling $4,750,000,000. Of this, $400,000,000 could be
used to finance necessary repairs and reconditioning of homes securing
the Corporation's loans, and $300,000,000 for investment in qualified
home-financing institutions, or for the purchase of obligations of the
Federal Home Loan Banks. The Corporation also was directed to
transfer $100,000,000 of its bonds in payment for the entire capital
stock of the Federal Savings and Loan Insurance Corporation. Its
direct loans were limited to real estate on which were located dwell
ings for not more than four families, used in whole or part by the
owner as his home, or held by him as his homestead, and which did
not exceed $20,000 in value. Those loans were limited to 80 percent
of the Corporation's appraisal and could not exceed $14,000. They
were to be repaid on a monthly basis over a period of not more than
15 years. Cash loans were permitted!under certain conditions at a
6-percent interest rate, but few were made. All other loans by the
Corporation were at a 5-percent rate.
When the Corporation was established June 13, 1933, the author
izing act provided that no applicant was eligible for a loan on his
home who could secure the necessary financial aid elsewhere. When
its lending activities closed June 12, 1936, it was found that the
average mortgage on the homes refinanced was more than 2 years
in default in principal and the owner in arrears on taxes from 2 to 3
years. From the viewpoint of the private lender, all of the Corpo
ration's borrowers, scattered through all but 64 of the 3,072 counties
27
28
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
of the United States, were in distress. Nevertheless, the Corpora
tion's receipts for each month of the fiscal year 1937 averaged over
90 percent of its current monthly billings and amounted to $291,446,
446, of which $149,297,474 was principal and $142,148,992 interest.
Following is a comparative tabulation of three major classifications:
June 30, 1936--....--------.....
June 30, 1937- ...
.--------
Accounts
current or
less than 3
months in
arrears
Percent
608,435
598,385
60.6
64.3
Accounts
Loans paid in full
Percent
3mothn
in arrears
Number
397, 533
331,664
39. 4
35.7
6, 960
19, 489
Amount
$14, 416, 569
43,368, 962
Following is the comparative tabulation of allocations of collections
on mortgage loans, purchase money mortgages, sales contracts, and
advances thereunder, excluding unallocated cash receipts at the end
of the year:
Period
Principal
Cumulative to June 30, 1936_
-----------For fiscal year ended June 30, 1937 ---------Cumulative to June 30, 1937-------------
$121, 046, 613.81
149, 297, 474.40
270, 344, 088. 21
Interest
$208,165,809.40
142,148, 992. 42
350, 314, 801.82
Total
$329, 212, 423.21
291, 446,466.82
620, 658, 890. 03
The comparative tabulation of maturities and delinquencies on
mortgage loans, purchase money mortgages, sales contracts and
advances thereunder follows:
Period
Principal
Interest
Total
Cumulative to June 30, 1936:
----Maturities------------------Allocations of collections as above.------...
--------.
Delinquencies.------------..------------------
$186, 386, 933
121, 046,614
$259, 797, 954
208,165, 809
$446,184,887
329, 212,423
65, 340,319
51,632,145
116,972, 464
368, 107, 578
270, 344,088
373,680,319
350, 314,802
741, 787, 897
620, 658, 890
97, 763, 490
23,365, 517
121,129, 007
Cumulative to June 30, 1937:
.
Maturities -----------..---------------------.
Allocations of collections as above-------Delinquencies ----------------
--------
--------------
Viewing the Home Owners' Loan Act as a measure designed to aid a
class of home owners in hard straits largely through no fault of their
own, the Corporation has extended to its borrowers every encourage
ment that is consistent under the act. Where borrowers were de
linquent because of unemployment, it sought to help them find jobs;
where the most needy were dependent on public welfare, it endeavored
to speed aid; where others were burdened with properties beyond their
income, it has helped to a solution through rent or sale.
Foreclosure has been a last resort. Of 97,835 foreclosure actions
authorized by June 30, 1937, 88 percent occurred only after delin
quencies in both principal and interest had run for more than 1 year,
and 63.3 percent more than 18 months, with taxes unpaid. In 18.5
percent of the foreclosure cases, the properties had been abandoned, and
in 5.5 percent, owners had' died and heirs refused to assume the
29
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
mortgages-making a total of 24 percent of cases in which the Cor
poration had no alternative. In 21.5 percent additional cases, bor
rowers refused to cooperate despite their ability to meet their obliga
tions, and in a small number of instances, legal complications forced
action. The remaining 54 percent involved borrowers whose cases
were insoluble.
Authorization of foreclosure did not close redemption opportunities
to borrowers; prior to June 30, 1937, 6,712 foreclosure actions were
withdrawn and action on others suspended in the hope that foreclosure
could be avoided. Comparative figures on foreclosure actions
authorized, properties owned, and properties sold follow:
June 30, 1936...-- .....--.----------------June 30, 1937..---------------------------------
Properties sold
Foreclosure
actions authonzed
Properties
owned
26,971
97, 835
5,133
42,486
-
Number
142
2, 373
Amount
$523,054
8,816,155
The 97,835 properties on which foreclosure has been authorized
represent somewhat more than 9 percent of the homes refinanced.
The properties actually acquired represent about 4 percent of the
total. Of the properties owned by the Corporation, 35,078 units were
available to yield income June 30; of these, 30,693, or 87.5 percent,
were rented, and 5,385, or 12.5 percent, vacant. Gross rent collec
tions on these properties for June, the last month of the fiscal year,
were 96.3 percent of billings.
The H. O. L. C. received 1,886,491 applications in the aggregate
amount of $6,173,355,652, and closed 1,018,171 loans in the aggregate
amount of $3,093,459,271.1 In addition there were approximately
8,000 supplemental loans for reconditioning, made to borrowers who
had previously received refinancing loans.
The Corporation placed over $500,000,000 in circulation for the
direct benefit of small depositors by taking mortgage loans which
would otherwise have been foreclosed by closed banks; $768,009,000
of home mortgages were taken from building and loan associations,
cooperative banks, and similar institutions; $167,000,000 from saving
banks; $745,562,000 from commercial banks; and $1,007,429,000 from
individual lenders, mortgage companies, and others.
The reconditioning activities of the Corporation to make properties
acceptable collateral for long-term mortgages, and later directed to
making acquired properties attractive for rental and sale, noticeably
stimulated industry. It has been estimated that $82,935,793 spent
for reconditioning and repairs prior to June 30 represented an aggre
gate of 9,000,000 working days for masons, carpenters, painters, and
others in the building trades. In addition to improving 444,226
properties, many of them definitely on the path of obsolescence, re
conditioning operations have been and still are stimulating pride in
home ownership. Not only H. 0. L. C. borrowers, but their neighbors
as well, have been impressed with the importance of maintaining their
homes in good condition; as a result, whole neighborhoods have been
improved.
1These figures, differing slightly from those used in previous reports, are the result of a later check.
43246--38---3
30
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
BONDS RETIRED,
OUTSTANDING AND EXCHANGED
Under the original Home Owners' Loan Act, the Corporation's
bonds were guaranteed by the United States as to interest only.
While that provision was in effect, 4-percent bonds were issued, which
were called for retirement July 1, 1935. By an act to guarantee the
bonds of the Home Owners' Loan Corporation, approved April 27,
1934, this guarantee was extended to include principal as well as
interest. This now applies to all outstanding bonds of the Corpora
tion, with the exception of $1,061,050 4-percent bonds called for
redemption but not presented.
To June 30, the Home Owners' Loan Corporation had issued bonds
to the amount of $4,052,742,275, including refunding issues and com
mitments. Of this, $831,288,725 has been refunded and $208,303,900
retired, totaling $1,039,592,625. This left a net liability for bonds
and commitments outstanding of $3,013,149,650. (See exhibit 13.)
Under the act, all payments by borrowers on principal of the Cor
poration's loans must be applied solely to retirement of bonds.
Through June 30, these principal payments totaled $270,344,088.
The Corporation continued its policy of exchanging lower coupon
bonds for those of a higher return, when an advantageous exchange
could be made. The amount of exchanges to June 30, 1937, involved
approximately $475,000,000 of the Corporation's securities and re
sulted in a net saving in interest to the Corporation of approximately
$8,700,000. Of this cumulative total, over $400,000,000 was com
pleted during this fiscal year.
Largely as a result of such exchanges, the interest rate on all bonds
was reduced from 2.628 percent as of June 30, 1936, to 2.585 percent
as of June 30, 1937.
MANAGEMENT
The administration of the Home Owners' Loan Act is vested in the
Board of Directors of the Home Owners' Loan Corporation, who are
identical with the members of the Federal Home Loan Bank Board.
The directors select officials of the Corporation and adopt such
bylaws, rules, and regulations as are deemed necessary. The principal
officers are the general manager, auditor, comptroller, general counsel,
secretary, treasurer, and their deputies or assistants.
It became apparent in the early part of 1934 that it would be neces
sary to decentralize the operations of the Corporation into operating
units of manageable size. Eleven regional offices, where individual
loan records are maintained, were established. This decentralization
was patterned along well-established lines, such as the Federal
Reserve System, and follows the operating procedure of the Corpora
tion in stepping down supervisory authority. The home-office
management and operating staffs see that the general policies promul
gated by the Board are carried out, provide technical assistance to the
regional offices, and exercise general administrative control. For
further management purposes and for the convenience of borrowers,
the Corporation maintained as of June 30, in addition to the 11
regional offices, a total of 149 State and district offices, and 250
loan service stations.
ANNUAL
REPORT OF FEDERAL HOME LOAN BANK BOARD
31
LOAN SERVICE DIVISION
The Loan Service Division is responsible for servicing the mortgage
loans which the Corporation holds in its portfolio.
With over half of the borrowers on its lists meeting all current bills
and thousands of others overcoming their arrearages, the Loan
Service Division has been able to intensify its personal contacts with
those whose accounts present the most difficulties.
Approximately 18 percent of borrowers still are delinquent on taxes
for 1933, 1934, and 1935. To insure payment of these taxes and of
1936 and future levies, separate tax deposit accounts have been
established for many delinquents.
After a comprehensive study, a policy was adopted with respect to
deficiency claims and judgments which is more equitable than has
ever before been followed by any lending agency. This policy pro
vides that irrespective of the amount of any claim or judgment result
ing from the bidding at the time of foreclosure sale, it shall be adjusted
to the amount of the difference between the value of the property at
the time of sale, liberally appraised, and the amount of the debt. If
the appraised value of the property at the time of the sale is equal to
or greater than the amount of the debt, no judgment is taken or
enforced.
The Loan Service Division was able to reduce its personnel in field
offices from 5,165 to 3,691 during the fiscal year. The personnel
June 30 consisted of 1,191 persons in the regional offices and 2,500 in
State and district offices. Personnel costs in June were $545,401 or
$1.24 per month for each delinquent account under the Division's
jurisdiction.
PROPERTY MANAGEMENT
DIVISION
The Property Management Division was created January 15, 1936,
to provide for the orderly liquidation of properties acquired by the
Corporation. In addition to acquired properties, however, the Divi
sion has under its jurisdiction unacquired properties where foreclosure
or the acceptance of voluntary deeds has been authorized, and is
responsible for the care and maintenance of those properties until
they are sold.
With 97,835 properties under its jurisdiction on June 30, the Divi
sion sought to minimize costs of operation and speed preparation of its
holdings for rental and sale. Under the procedure established by the
Corporation, properties must be analyzed, sales and rental prices
established and a program of reconditioning decided upon before
acquisition. Meeting this requirement, the Division had analyzed
2,000 more properties than it actually had acquired by June 30. This
process allowed the Corporation to commence its reconditioning
operations immediately upon acquisition and make the property
available to yield income at the earliest possible date. (See exhibit 15.)
Despite the fact that most of the burden of acquired properties has
been placed on the Division in recent months, 35,078 units have been
made available to yield income by June 30. Of these, 87.5 percent
were rented; of tenants in possession, 93.2 percent were currently paid
up or delinquent less than 1 month. Monthly receipts, including
32
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
rents collected and miscellaneous receipts,2 increased during the fiscal
year from $86,101 to $1,004,855. The cumulative total of collections
increased from $291,154 to $7,595,617.
While the Corporation has sustained losses in the sale of some prop
erties, at the end of the fiscal year the total price at which all properties
had been sold was in excess of ledger value. As of June 30, sales of
2,373 properties, priced in line with fair market values, amounted to
$8,816,155.
It is the policy of the Corporation to handle its properties through
real-estate brokers, rather than to set up an independent system in
competition with private industry.
The pay roll of the Property Management Division, comprising a
personnel of 2,091, amounted in June 1937, to $285,099, or $2.99 per
property under its jurisdiction.
APPRAISAL AND RECONDITIONING DIVISION
The Appraisal Section, the activities of which have now been turned
to aid in the liquidation of the Corporation, furnishes reports which
assist in determining whether acquired properties should be disposed
of immediately, held for later sale, rented as they stand or be recon
ditioned for enhanced income. It sets values in connection with
foreclosures for the information of the Property Management Division
in the regular course of its work and, in addition, prepares special
reports on situations involving damages to the Corporation's prop
erties in floods, earthquakes, and in blighted areas. During the fiscal
year, 74,793 appraisals were completed, making a total of 4,736,092
since the beginning of operations and exclusive of appraisals made for
the Federal Home Loan Bank System and other governmental
agencies.
Under a cooperative arrangement with the Procurement Division
of the United States Treasury Department, appraisals on properties
with an aggregate value of $7,000,000 acquired by the Procurement
Division have been completed by the H. O. L. C. Appraisal Section.
Similar arrangements were made recently with the Maritime Com
mission. In all such operations, the Corporation is reimbursed.
Since its establishment, it has been the task of the Reconditioning
Section to rehabilitate properties to a point where they were adequate
security for the Corporation's long-term loans, and to guard them
against deterioration. Where properties have been acquired, the
section, cooperating with the Property Management Division, assumes
the task of placing them in a condition to invite rental or sale.
During the fiscal year, 84,395 reconditioning contracts were com
pleted, involving an expenditure of $16,015,838. Since the beginning
of operations, 444,226 such contracts have been completed at an
expenditure of $82,935,793, or an average of approximately $190 per
property. There were 42,933 properties being reconditioned, analyzed
for reconditioning upon acquisition of title, or otherwise on hand
with the Reconditioning Department as of June 30. (See exhibit 16.)
The personnel of the Appraisal and Reconditioning Division as of
June 30 consisted of 1,847 persons, of which 111 were part-time
2 Miscellaneous receipts include moneys received by the Corporation on properties under the jurisdiction
of the Property Management Division that have not been classified as rental income, and more particularly
include moneys collected for the use of properties as mortgagee in possession, or under an assignment of
rent; moneys collected for the use of properties between judgment and acquisition, and payments on mort
gage loans after foreclosure authorization and prior to judgment.
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
33
employees. In addition, the Division had an approved list of 4,208
appraisers and inspectors available on a fee basis.
LEGAL DEPARTMENT
The Legal Department renders legal advice and service to the Board
of Directors and to all departments and divisions of the Corporation.
In addition, it has charge of a number of operations, including litiga
tion and foreclosures, claims and investigations of violations of law,
the maintenance of tax records and handling of tax matters in regard
to all properties owned by the Corporation or on which it has a lien,
and the closing of all sales of acquired properties.
The immediate conduct of most of the Corporation's litigation,
foreclosures, and sales closing, is entrusted to carefully selected local
attorneys engaged on a fee basis under the supervision of the legal
staff. There were 9,193 such attorneys on the approved lists of the
Corporation on June 30. Fees paid during the fiscal year totaled
approximately $2,700,000.
During the fiscal year a number of important laws of general public
interest relating to the real-estate and mortgage field were enacted
by State legislatures. The Legal Department gave proper assistance
and advice. Notable among these enactments were homestead tax
exemption laws and statutes requiring notice to mortgagees in the
foreclosure of tax liens. Another important task accomplished was a
general revision of the rules and regulations and their codification
into a consolidated manual.
Through the General Litigation Section of the Department, 16,140
new cases were handled, an increase of 12,360 over the previous fiscal
year. A large part of this increase was attributable to newly acquired
properties. The Foreclosure Section handled 75,784 new cases,
including about 4,500 in which foreclosure was later suspended or
withdrawn upon payment of arrears or the granting of an extension.
Considerable success has been achieved both in reducing time and
expense of foreclosure substantially below the experience of private
lending agencies.
Under the Corporation's policy of self-insurance as to its fidelity,
casualty, and public-liability risks, premiums for which would approxi
mate $250,000 a year, the Claims Section handled 308 new claims
during the fiscal year. Loss payments totaled only $8,439. This
Section also handled all compensation claims filed with the United
States Employees' Compensation Commission on behalf of Corpora
tion employees.
During the past fiscal year approximately 2,700 cases were referred
to the Investigation Section; approximately 1,400 cases were pending
June 30. The work of this Section has proved valuable in protecting
the Corporation's properties from depredation and vandalism, as well
as in the protection of its borrowers from illegal demands by mort
gagees who agreed to accept bonds of the Corporation in full settlement
of their claims. Cancelations of obligations for such demands and
recoveries for the Corporation and its borrowers amounted to $640,000
during the fiscal year.
The Servicing Section of the Legal Department handled legal matters
in connection with the awarding of contracts and the clearance of liens
for labor and material, and rendered necessary legal advice in connec-
34
ANNUAL
REPORT OF FEDERAL HOME LOAN BANK BOARD
tion with more than 66,000 reconditioning cases, aggregating approxi
mately $16,000,000 on properties mortgaged to or owned by the
Corporation.
In addition to maintaining records of the tax status of properties
which the Corporation owned or on which it had a lien, the Tax Section
certified for payment by the Corporation almost $16,000,000 in taxes
on mortgaged properties and approximately $9,000,000 on Corporation
owned properties. These figures represent sharp increases over those
for the fiscal year 1936, due largely to the fact that previous existing
delinquencies of taxes and assessments were cleared when the Corpora
tion originally made the loans and to the increase in the number of
properties acquired by the Corporation.
COMPTROLLER'S DIVISION
Authenticated entries in the Corporation's accounts comprise records
of transactions with borrowers, properties in process of acquisition,
and acquired property management operations. Considerable prog
ress was made during the fiscal year in the preparation of simplified,
consolidated reports. Standardized accounting practices have accom
plished relative stabilization in the recording of transactions with
borrowers. It has been necessary to amplify accounting procedures
so as to make adequate provision for transactions during a transition
period incident to authorization, institution, and consummation of
foreclosure proceedings and subsequent property management opera
tions. A program has been inaugurated for ultimate standardization
in relation to extensive utilization of accounting machinery and equip
ment to record a large volume of transactions, with provision for
byproduct statements and information for the use of other operating
divisions.
TREASURER'S DIVISION
The Treasurer's functions embrace responsibility for all cash re
ceived, for the proper disbursement of funds, and the safekeeping and
issuance of bonds, together with custody of certificates evidencing the
Corporation's investment in connection with mortgage loans, all leases
and telephone contracts, and other valuable papers.
The Treasurer maintains records and prepares comprehensive reports
reflecting activities of the Corporation in connection with bonds
authorized, issued and outstanding, and cooperates with other finan
cial departments. Under the supervision of the central office and 11
regional treasurers, 164 collection offices were maintained throughout
the country as of June 30, to facilitate collections and for the con
venience of borrowers. (See exhibit 13.)
AUDITING DEPARTMENT
Auditing procedures -and functions fall into two broad categories;
namely, preaudit and certification of vouchers prior to disbursement,
and post-audit of the books of accounts, records, subsidiary ledgers,
authenticated transaction sources of original entry, and certification
as to the correctness of the balance sheet of the Corporation.
In 1934 the Board directed that, compatible with standard Govern
ment disbursing practice, all vouchers disbursed from Washington be
preaudited and certified for disbursement. During the fiscal year,
ANNUAL
REPORT OF FEDERAL HOME LOAN BANK BOARD
35
such disbursements aggregated $388,220,001.78, involving 136,614
vouchers; these included all types of expense such as pay roll, travel,
per diem, transportation, supplies and equipment, rentals, telephone
and telegraph, and other operating and capital expenditures.
In 1936 the Board directed decentralization of disbursing authority
for certain expenses from regional working funds and directed field
preaudit and certification of vouchers prior to disbursements. Such
disbursements aggregated $44,948,021.80 for the fiscal year, involving
668,208 vouchers; these included advances on account of borrowers
and expenditures incident to the acquisition and maintenance of prop
erties. The procedure provides maximum safeguard of disbursements
at the most effective point, before checks are drawn; the most expedi
tious payment without loss of control, and the minimum cost of audit
per voucher.
Continuous, periodic, intermittent, and "spot check" audits have
been conducted by auditors stationed in each of the 11 regional offices,
and by traveling field auditors, all of which have been coordinated
with a staff of auditors at the home office.
INSURANCE
SECTION
The protection of the Corporation's home-mortgage investment
against fire, wind, and other hazards is under the supervision of the
Insurance Section. It is its duty to see that insurance requirements
of the Corporation are consistent with State laws and conform to
various types of insurance coverage and contracts required by local
conditions.
At the time its loans were made the Corporation required insurance,
but permitted the borrower to arrange for the purchase of insurance
through local agents, and in case he was unable to pay the initial
premium, it was included in the original loan. In order that the
Corporation might have complete protection, it'also secured contracts
protecting it against errors and omissions, but it has participated in
the adjustment of borrowers' insurance losses only in strictly emergency
cases.
As of June 30, 1937, the Insurance Section was servicing approxi
mately 2,000,000 insurance policies. Through a consistent follow-up
of policies which are about to expire, the number of premiums which
it has been necessary for the Corporation to advance on behalf of
borrowers has been reduced from approximately 50 percent in 1934
to about 10 percent in the past fiscal year. To the end of the fiscal
year there have been 104,421 losses, totaling more than $11,000,000.
Except in a few cases, these losses were fully covered by insurance
and promptly paid.
PERSONNEL DEPARTMENT
The Personnel Department formulates personnel policies and pro
cedures, recruits competent personnel, reviews appointments, classifies
positions, plans and administers an equitable salary policy, and works
toward the maintenance of working conditions which lead to efficient
service. It maintains records in accordance with prescribed standards
and legal requirements, and maintains attendance records for all em
ployees. It plans, coordinates, and supervises all personnel activities
incidental to maintaining an adequate, satisfactory working force
36
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
which on June 30 numbered 14,966 employees located in over 400
widely distributed offices.
During the past fiscal year progress has been made along the follow
ing line: Routine for testing clerical applicants has been made
effective, minimum qualifications have been established as a basis of
selection for practically all positions, and a periodic employee service
rating plan has been developed. Following a general plan of coordi
nating procedures as closely as possible with those of the Civil Service
Commission, arrangements were made for the selection of employees
from civil-service registers for filling those positions in the home office
for which appropriate registers existed, and a plan was worked out
which would make possible the early extension of this procedure to
field offices. During the year personnel requirements resulting from
the changed nature of operations have been met, procedures have been
improved looking toward the retention of those best qualified em
ployees during reductions of personnel, and closer contact has been
established with all problems and activities in the field. (See exhibits
17 and 18.)
PURCHASE AND
SUPPLY SECTION
Purchase and supply activities of the Corporation are centralized
in this section. It also maintains warehouse stocks of common office
supplies and approved Corporation forms for shipment to field offices
upon requisition. This arrangement makes it possible to achieve
economies by purchasing supplies and forms in large quantities. Field
offices make local purchases only in emergencies, and in amounts not
exceeding $25.
The Purchase and Supply Section maintains an inventory of non
expendable property owned by the Corporation and supervises the
reallocation and liquidation of such property. Due to diminution of
activities during the fiscal year 1937, a large amount of property was
transferred and a considerable amount of surplus and obsolete equip
ment was disposed of. All rented and borrowed property has been
replaced with Corporation-owned equipment.
DIVISION OF RESEARCH AND STATISTICS
The Division of Research and Statistics prepares and analyzes
operating reports pertaining to appraisal and reconditioning activities,
delinquency status of mortgage-loan accounts, foreclosures, property
acquisitions, property sales, paid-in-full loans, and personnel.
Studies have been prepared and now are in process in relation to
the status of loans in various areas; the projection of operating ex
penses; the relation of expense and income at the final liquidation of
the Corporation; the probable effects of a reduction of the mortgagors'
interest rate, and the relation of mortgage loans to economic conditions
in local markets.
Because of the necessity of the Corporation possessing an intimate
knowledge of all factors and trends which affect real estate in the
communities where it has holdings, a survey is under way for all cities
of 40,000 population or more. Since the Corporation's holdings in
many communities are of sufficient size to vitally affect real-estate
conditions, it is felt that such a survey not only safeguards the Cor
poration but will enable it to pursue policies which protect the
communities.
ANNUAL REPORT
OF FEDERAL HOME LOAN BANK BOARD
37
FEDERAL HOME LOAN BANK BOARD BUILDING
During the year the Board completed the addition to the Federal
Home Loan Bank Board Building at First Street and Indiana Avenue,
thus permitting all offices of the Board and its agencies to be housed
in one building instead of three separate structures. The original
structure was remodeled to harmonize in equipment and appointments
with the addition.
SUMMARY
OF FISCAL OPERATIONS
During the fiscal year 1937, the Corporation completed the following
operations:
Bonds.-Bonds issued through June 30, 1937, totaled $4,052,742,275.
Of this amount $831,288,725 represents those refunded and converted
and $208,303,900 those retired, leaving a net outstanding bond lia
bility of $3,013,149,650.
Principal applications to mortgage loans, purchase-money mort
gages, and sales contracts have amounted to $270,344,088.21. This
sum together with $736,932.11 representing the liquidation of other
assets and making a total of $271,081,020.32 has been made available
for the retirement of bonds. Of this sum $208,303,586.26 has been
employed for the retirement of bonds of a face value of $208,303,900.
The balance of $62,777,434.06 is available for further retirements.
Disposition of bonds issued, capital stock, and realized income.-The
disposition of proceeds of bonds issued, capital stock subscribed by
the United States Treasury, and realized corporate income from the
beginning of operations to June 30, 1937, and for the fiscal year ended
June 30, 1937, is set forth in exhibits 20 to 23.
Liquidation.-Through June 30, 1937, maturities on accounts of
borrowers and vendees in connection with mortgage loans and ad
vances, purchase-money mortgages, and sales contracts amounted to
$741,787,897.67, representing $368,107,578.43 of matured principal
installments, and $373,680,319.24 of matured interest.
Total payments applied to accounts of borrowers and vendees on
mortgage loans and advances, purchase-money mortgages, and sales
contracts amounted to $620,658,890.03. This represents 83.7 percent
of the total principal and interest due and payable. This amount
consists of principal repayments of $270,344,088.21 and interest pay
ments of $350,314,801.82.
A total of 19,489 loans had been paid in full June 30, 1937, and,
consequently, these mortgages have been canceled.
Since the inception of the Corporation, and after the payment of
all expenses, including payment of interest on obligations of the Cor
poration, and accumulating reserves of $89,210,171.18, the books as
of June 30, 1937, reflected a deficit of $31,740,150.62.
Properties.-As of June 30, 1937, 42,486 properties were owned by
the Corporation; 27,610 were in the process of acquisition, and fore
closure authorizations or deed acceptances were pending on 25,064.
There had been 2,373 properties sold.
SAVINGS AND LOAN DIVISION
AUTHORIZATION
The Home Owners' Loan Act of 1933, as amended, authorized the
Board "to encourage local thrift and local home financing, and to
promote, organize, and develop the associations herein provided for
or similar associations organized under local laws. * * * The
sums appropriated and made available pursuant to this section shall
be used impartially in the promotion and development of local
thrift and home-financing institutions, whether State or federally
chartered."
FUNCTIONS
OF THE DIVISION
The Savings and Loan Division of the Federal Home Loan Bank
Board performed extensive field work in connection with:
(a) The admission of applicant institutions to membership in the
Federal Home Loan Bank System.
(b) The organization of new Federal savings and loan associations;
and cooperation in their development during the early period of their
existence.
(c) The conversion of existing thrift associations to Federal charter
and assistance therewith.
(d) The insurance of accounts by the Federal Savings and Loan
Insurance Corporation and necessary related services.
(e) The purchase of securities in savings and loan associations by
the Home Owners' Loan Corporation under section 4 (n) of the Home
Owners' Loan Act.
(f) Assistance to the Federal Home Loan Banks and associations in
supervisory matters.
WORK OF THE DIVISION
These activities were carried on by presenting to the officers and
directors of thrift and home-financing institutions the various facilities
offered by the Federal Home Loan Bank Board to promote the welfare
of the associations and to enhance the services they render to their
respective communities. These personal contacts were made pri
marily by the field representatives of the Division, but in many
instances local organized groups of thrift institutions have invited
representatives from the Washington staff to describe the services
to them.
During the past year approximately 572 institutions were contacted
each month, resulting in an average coverage of 348 cities and towns
monthly. Each visit was primarily to explain the advantages of
membership in the Bank System and how it is obtained, or the benefits
of insurance of accounts and the standards of eligibility, or the proce
dure of converting an applicant State institution to a Federal charter,
or how, through capital investments by the Home Owners' Loan
Corporation in the institution to supplement the local savings, the
39
40
ANNUAL REPORT OF FEDERAL HOME LOAN
BANK BOARD
home-financing needs of the particular community might be cared for
sooner. The field representatives also investigated applications to
organize new Federal savings and loan associations in communities
not adequately served by thrift and home-financing institutions.
In all of this work, the responsibility of the Division and its active
assistance continued until an association had completed its proposed
program and was functioning in a normal manner.
As directed by the Congress in section 6 of the Home Owners'
Loan Act of 1933, as amended, the Board through this Division took
a prominent part in rehabilitation programs for those local thrift and
home-financing institutions which did not measure up to the Board's
standards of eligibility for insurance, Government investments, or
conversion. These programs included financial and corporate reor
ganizations, write-downs, and, in many cases, segregation of the sound
and liquid assets from the so-called frozen assets, the former being
used as the capital of a live and going institution, and the latter being
subject to gradual liquidation. In such a segregation, the existing
shareholders receive shares in a going institution and shares or cer
tificates in a liquidating corporation or trusteeship, which together
equal their total share holdings. Such an arrangement destroys no
existing values, permits the employment of the sound assets in a
normal operation, and offers the shareholder the possibility of recoup
ing his losses through the recovery in value of the real estate and other
frozen assets.
Increasing numbers of State supervising authorities, realizing the
success achieved in those areas where reorganization programs had
been undertaken earlier, called upon the Division for assistance in
this work. There remains a great need for this type of activity in a
few States where there is a concentration of thrift and home-financing
institutions, and where the State authorities have only recently under
taken this task.
RESULTS OBTAINED
A. Charters to new organizations.-From the inception of the
Federal Savings and Loan System, the Board has exercised extreme
care in granting charters to newly organized groups. Since July 1933,
a total of 1,099 requests for permission to organize new Federal
associations were received. A total of 759 were tentatively approved,
and 647 finally granted. For each new Federal savings and loan asso
ciation, approximately eight State-chartered thrift and home-financing
institutions ceased active operation during the period from 1929 to
1936. A substantial number of new Federal associations are in
counties which formerly had no thrift and home-financing institutions.
B. Charters by conversion.-The growth and development of those
associations which have converted to Federal charter have amply
demonstrated the many benefits available to thrift institutions
operating under it. During the fiscal year, the Board granted
charters to 141 existing State-chartered institutions, bringing the
total of converted Federals to 639.
Exhibit 25 gives in detail information with reference to the appli
cations for issuance of charters.
C. Insurance of accounts.-The Division was active in the program
to insure savings accounts, the progress of which is told at length in the
report of the Federal Savings and Loan Insurance Corporation.
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
41
Following are figures which show the increase in number and assets of
insured State-chartered associations:
Number of Approximate
associations
total assets
---------------------------------------------------
June 30, 1936------June 30, 1937
237
488
$332, 606,064
565, 301, 713
Number of
shareholders
397, 180
711, 686
D. Home Owners' Loan Corporationinvestments in savings and loan
associations.-Eligible thrift institutions continued to use Home
Owners' Loan Corporation funds to supplement private investments
in meeting increased home-financing demands. These investments
have assisted in rehabilitating a large number of thrift and home
financing institutions.
To stimulate greater efforts locally in obtaining private savings
funds, the Board gradually made more stringent conditions under
which H. O. L. C. investments were approved. In June 1937, the
Board fixed September 1, 1937, as the final date upon which requests
for these investments would be considered, except in rehabilitation
cases of extreme need. All eligible institutions were so notified o'
July 1, 1937.
The extent to which member and insured institutions made use of
these funds is shown in the following table:
Home Owners' Loan Corporation investment in savings and loan associations,
requests and disbursements (by months)
State-chartered associations
Federal savings and loan
associations
Date
Outstanding June 30, 1936---------------July 31, 1936 .
----------- -------- _
Aug. 31, 1936-----------------------------Sept. 30, 1936---------------------Oct. 31, 1936-----------------Nov. 30, 1936--------------------Dec. 31, 1936.._
-----Jan. 31, 1937_...-------------------.------Feb. 28, 1937--------- --------Mar. 31, 1937--------------------Apr. 30, 1937_----- ----------- --May 31, 1937---------------------June 30, 1937-------------------Total.---...-----.---..
----
---------
Requests
received
Disbursed
Requests
received
$13,142, 900
$10, 325, 600
$56, 880, 600
$52, 817,100
1, 540, 000
2, 192, 700
1, 393,000
2, 692, 710
1,943, 300
1, 958,000
1, 165, 200
1,077, 000
2, 748, 700
2,231,000
3,902,700
2, 287,100
1, 617,100
1, 360, 000
1, 680, 700
3, 293, 700
989,000
1,877, 800
1,336, 000
820, 200
1, 687, 500
2, 512, 200
2, 625, 500
2, 539, 300
6, 292,800
9,152, 300
8, 088, 500
11, 709, 200
7,400, 800
9,067, 700
5, 202, 400
6, 526,000
10,496,200
11, 417, 500
8,075,000
8,989, 600
6,238, 700
6, 331,700
9, 768,100
13, 206, 700
6,116,300
9, 998,800
5,016, 300
5, 662, 500
7, 389, 500
10, 587, 000
9, 519, 200
7, 716, 500
38,274,310
32, 664, 600
159, 298, 600
150, 368, 400
Disbursed
From these investments the Home Owners' Loan Corporation
received $2,345,538.42 in dividends and interest during the fiscal year.
On a dollar-a-day basis, the return to the Corporation for the period
is in excess of 3.4 percent. In making the investments the Corpora
tion agreed not to request the repurchase of any of these funds for 5
years from the date of purchase and then at a rate of not more than
10 percent a year.
A table of share investments by States is shown in exhibit 26.
42
ANNUAL
REPORT OF FEDERAL HOME LOAN BANK BOARD
RECEIPTS AND DISBURSEMENTS
Following is a tabulation of cash receipts and disbursements of the
savings and loan promotion fund for the year ending June 30, 1937:
Balance as of June 30, 1936 -------------------------------Receipts:
Miscellaneous refunds-----------------------------
$71, 546. 15
7, 893. 13
Total cash and receipts-..-----------------------------79, 439. 28
Disbursements:
Salaries
---------------------------------- $17, 963. 09
Supplies and materials -----------------------282. 03
Communications -----------------------------169. 97
Travel
-----------------------------------17, 320. 28
Printing and binding-------------------------2, 348. 86
Photographing and duplicating-----------------571. 00
Special and miscellaneous-- ------------------548. 85
Total disbursements ------
-----------------------
39, 204. 08
Balance as of June 30, 1937 1 ------------------------------40, 235. 20
1Although appropriated by sec. 6g Home Owners' Loan Act of 1935, as amended, to "remain available
until expended," the General Accounting Office has ruled that this balance was not available to the Board
after June 30, 1937.
FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION
ANNUAL REPORT FOR FISCAL YEAR 1937
SUMMARY
During the fiscal year 1937, the Federal Savings and Loan Insur
ance Corporation issued certificates to 449 additional thrift and home
financing institutions, with total assets of over $350,000,000, insuring
the safety of the investments of their shareholders up to $5,000 for
each investor. More than 90 percent of these are either old-established
associations operating under State charter or former State institutions
that have converted to Federal charter. Less than 10 percent are
newly organized Federal savings and loan associations. The cumu
lative total of institutions insured since the Corporation was authorized
in 1934 is 1,756, with combined assets of more than $1,400,000,000 and
with the savings accounts of approximately 1,500,000 people. Since
the accounts of 98 percent of the shareholders of insured associations
do not exceed $5,000 each, the great majority of shareholders are
assured of a 100-percent protection of their investments.
The average institution insured during the fiscal year had 974 share
holders and total assets of $781,000, as shown in the following table:
TABLE 1.-Summary-Institutions insured during the fiscal year 1937 (July 1,
1936-June 80, 1937) 1
Number
of institutions
Total..-------------------- ----New Federal -...
.----------.--.--.
---Converted Federal-----------------State chartered------------------- --------
Number
of shareholders
Assets
Average institution
insured during
1936-37
Share
h ae
holders
Assets
Assets
449
437,164
$350,648,408
974
$781, 000
43
150
256
3, 397
136, 929
296, 838
2,323,840
130,922,419
217,402,149
79
913
1,160
54, 000
873, 000
849, 000
1Figures included in:this tableishould not be confused with the "net increase" figures of table 2.
The following table shows a comparison of the number of associa
tions, number of shareholders, and assets of institutions insured at the
completion of the fiscal years 1936 and 1937, and also shows the
43
44
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
45
increases and percentages of increase of the 1937 figures over those
of 1936:
TABLE 2.-Number of shareholders and assets of insured institutions, 1936 and 1937
June 30, 1936
Total number of insured associations...-------
June 30, 1937
Net increase Percent of
1937 over
19361
1, 336
1, 756
420
Converted Federal-__---_-- ---------481
State-chartered -----------------237
Total shareholders of insured associations -1, 023, 511
New Federal-_-- -----------------------85, 069
Converted Federal--------------------541, 262
State-chartered ......
__--397,180
Total assets of insured associations -------$912, 632, 806
74, 200, 662
New Federal_--------------Converted Federal_
-----------505, 826,080
State-chartered...
-------------332, 606, 064
625
488
1, 489,115
132, 593
644, 836
711, 686
$1,427, 103, 165
165,681, 639
696,119, 813
565, 301, 713
144
251
465,604
47, 524
103, 574
314, 506
$514, 470,359
91,480,977
190, 293, 733
232, 695, 649
New Federal---------------
------
618
643
25
increase
31.4
4. 0
29.9
105. 9
45.5
55. 9
19.1
79. 2
56. 4
123.3
37.6
70. 0
1 The "net increase" figures are not identical with the figures pertaining to institutions insured during
the year 1936-37 (table 1), inasmuch as a number of mergers have taken place among institutions after they
have been granted insurance. The assets figures are larger than those in table 1, due to the increasing flow
of funds into all insured institutions during the past year; similarly the figures for the number of shareholders
are greater in table 2.
PURPOSE OF INSURANCE
The Federal Savings and Loan Insurance Corporation was created
by the Congress under title IV of the National Housing Act, approved
by the President on June 27, 1934. Its purpose was to restore and
maintain public confidence in savings and loan associations by
supplementing their basic security with a safeguard against loss to
their investors through the medium of insurance of their savings.
With confidence in these institutions restored, it was believed money
to finance home ownership would again begin to flow into them.
DUTIES OF THE INSURANCE
CORPORATION
An understanding of the responsibilities of the Corporation may be
had from the following powers and duties enumerated under title IV
of the National Housing Act:
1. All Federal savings and loan associations must apply for insurance
and the Corporation must insure their accounts providing they meet
the qualifications.
2. The Corporation may insure the accounts of State-chartered
building and loan associations, savings and loan associations, home
stead associations, and cooperative banks.
3. The Corporation shall reject the application for insurance of any
institution whose capital it finds impaired or whose financial policies
are unsafe and may reject the applicant when it finds the character
of the management or its lending policies to be inconsistent with
economical home financing.
4. The Corporation collects from insured associations an annual
premium equal to one-eighth of 1 percent of the insured accounts plus
creditor obligations of the institutions. It may assess an additional
premium to cover losses and expenses of the Corporation, provided
the assessments do not exceed one-eighth of 1 percent of the insured
accounts and creditor obligations per annum. The Corporation must
also charge an admission fee to be paid by accepted associations
43246-38------4
46
ANNUAL
REPORT OF FEDERAL HOME LOAN BANK BOARD
applying for insurance after the first year of operation of the Corpora
tion, which in its judgment would be an equitable contribution to the
reserve fund.
5. The Corporation, in the event of a default of an insured insti
tution, must make available to each of the insured members of that
institution either (1) a new account in an insured association equal
to his investment in the institution in default, or (2) at the option of
the member, the amount of his account which is insured-10 percent
in cash, 45 percent in debentures of the Corporation payable within
1 year, and 45 percent in debentures of the Corporation payable
within 3 years.
PROGRESS OF FEDERAL SAVINGS
AND LOAN INSURANCE
CORPORATION
- LEGEND
Y2/2
NEW FEDERAL INSTITUTIONS
CONVERTED FEDERAL INSTITUTIONS W>
STATE CHARTERED INSTITUTIONS -I
ASSETS
1,800
S1,400
1,600--
1,200
1,400-------
TOTAL NUMBER
INSURED INS TITU TONS
cu
z
1,000
_ 1,200o
800
o
-
o
800
to
100
appointed receiver of a Federal savings and loan association in default
and may serve as receiver of a State-chartered insured institution.
7. To prevent a default in an insured institution, the Corporation
may make loans to, purchase the assets of, or make a contribution
to, the institution.
8. The Corporation may terminate the insured status of an insti
tution
r 8000 for violation of any provision of the act or of the rules and
for
regulations
insurance
of accounts.
9. The Corporation may use a corporate seal, make contracts, sue
or be sued, have succession until dissolution by the Congress, borrow
money and issue obligations.
mon)
an
blgtos
,
47
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
PROGRESS
Trends in the savings and loan field during the past year indicate a
steady recovery of this industry. The inflow of savings began actively
late in 1936 and increased throughout the first 6 months of 1937 at a
rate greater than during any corresponding period since 1929.1
The problem of meeting withdrawal demands of members of savings
and loan associations has been solved in hundreds of cases by the
announcement that the savings in these institutions are protected by
insurance. In some instances, the effect was immediate. Instead of
paying out a large portion of their funds through withdrawals, these
associations are now usefully employing them in making home loans.
Investment by the public of new savings in the insured associations
has been widely stimulated by this safeguard. Investors appreciate
ASSETS
OF INSURED
ASSOCIATIONS
:,'uu
2,400
2,200 -
2,200
2,000
2,000
1,800 -1,800
1,600-
--
1,400
--
1,600
--
---
1.400
s
F
r
o
1,200o
200
.. **1
-
I60 1,000
PRE
i
400
.
i
800
soo --- tt-t--;.'~i+t~~
600
o
1,000 r
.
-
NT~v
ASSErs*
(A
T~~
600
ENTERING ASSET (CUMVULATIVE)
400
200
200
1 oo
UNS 0 N
THRU 1934
AUG
M
J J
1935
F
A
M
S
0A
N
D
J
F
M
A
M
J J
1936
A
S
0
N
D
J
F
M
AM
J
1937
*Estimates based upon current reports from approximately 90% of aol Insured associations
that an association must be in a position to pay dividends before it
can become insured. The greater such accumulation of thrift funds,
the less need there is for using Government money or credit in pro
viding adequate home finance.
By the very nature of its activities, the Federal Savings and Loan
Insurance Corporation must closely observe the operations of the
insured institutions. The sounder their practices, the less the risk
assumed by the Corporation. It encourages uniform practices in
thrift and home-financing associations and promotes better lending
and financial policies. Where institutions applying for insurance do
not measure up to the requirements of the Corporation, it assists them
in reorganizing their financial structure and policies.
i Based upon estimates of United States Building and Loan League, Chicago, Ill.
48
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
As of June 30 there were insured associations located in every State
except Delaware. While the extension of insurance to an increasing
number of institutions has been steady, it is by no means completed.
The nearer the Corporation comes to a full coverage of the sound
associations in this field, the wider will become the spread of its
risk and the greater the benefits to the savings and home-financing
industry as a whole. The goal of the Corporation is the insurance of
as many thrift and home-financing institutions as is soundly possible,
assuring the safety of a large proportion of the savings that are em
ployed in the financing of homes.
LOCAL PROGRAMS
The Corporation is continuing to cooperate with State banking
authorities and the Federal Home Loan Banks in various State and
local programs of rehabilitation of the savings and.loan industry. Illus
trative of these activities is the program undertaken in New Orleans
in 1935 and completed during the past fiscal year.
The condition of the 53 homestead associations in New Orleans had
become frozen, with their real-estate holdings equaling one-third of
their total assets. As a first step the State banking department
directed them to apply to the Federal Savings and Loan Insurance
Corporation for insurance of shares and notified them that those
associations which failed to qualify for insurance were to be liquidated
by the department. The program involved the segregation of liquid
assets from frozen assets, mergers, reorganizations, and the organiza
tion of a few new associations to take over liquid assets from the
liquidator.
By the fall of 1935, 13 associations had become insured and were
able to resume active operations. In January 1936, 10 more associa
tions were approved for insurance and 9 more in the following Decem
ber. By last June, 36 State-chartered associations in New Orleans
had become insured. No noninsured associations are now doing
business in that city.
It was quickly demonstrated that the confidence of the people in
these associations had been restored. Withdrawals were at a mini
mum and new money started to flow in as the newly insured associa
tions reopened their doors. Dividends of approximately $730,900
were distributed to shareholders as of June 30, 1937. Millions of
dollars of loans have been made and these associations are now leaders
in the field of home financing in Louisiana.
The Corporation has cooperated in rehabilitation programs in more
than 28 States.
RULES AND REGULATIONS
Shortly after the creation of the Corporation, the Board of Trustees
promulgated rules and regulations in accordance with the terms of
the enabling act. These describe the insurance procedure, define the
standards of eligibility, and state the regulations to be observed by
insured associations with regard to certificates, reserve funds, pre
miums, sales practices, fidelity bonds, examinations, reports, and
mergers. An amendment to the rules and regulations permits both
Federal and State-chartered institutions to issue a simple form of
membership certificate, in place of the complicated certificate con-
ANNUAL
49
REPORT OF FEDERAL HOME LOAN BANK BOARD
taining a statement of the dividend, withdrawal, and other rights of
members which had previously been required.
During the fiscal year a schedule of fidelity bonds covering officers
and directors of insured institutions was adopted. The amount of
the bonds is now based upon the total assets of the institution. A
copy of each bond must be filed with the Federal Home Loan Bank of
the district in which the insured institution is located, and each bond
must contain a clause requiring the surety to notify the bank, or, in
the case of State-chartered associations, the supervisory authority
of the State, before cancelation of the bond.
Another amendment requires each insured institution to submit
annual reports on its financial condition at the close of its fiscal year,
instead of semiannual reports as formerly. Federal savings and loan
APPLICATIONS
RECEIVED
AND ASSOCIATIONS
INSURED
24
CUMULATIVE
24
22
221
---- . -
_
-
_ -
22
22
-----------------------------
20
20
APPLICATIONS RECEIVED
18-I-
a
-
m1k
16
-
-
m6z
14
-
under4 the direction of- the district examiner.
-14
The application, carry
4
2z
The
efficient
functioning
of the
insurance
procedureJ Frequires
close
officeJUton of
the
Board
and
the
Insurance
Corporati.
N
M A
12THRU 934
AUG
1935
1936
1937
chartered institutions
voluntarilyOF submit
reports
each month.
THE PROCE5
OBTAINING
INSURANCE
beassoiations are required to maknd
the moinsured associationsandmany State
for insurance are conducted through the officers of the Federal Home
Loan Banks of the respective districts in which the associations are
located.
Since the presidents of the banks are the agents of the Corporation,
an application for insurance is first received by the district bank. An
examination of the financial condition of the applicant is then made
50
ANNUAL
REPORT OF FEDERAL HOME LOAN BANK BOARD
ing the recommendation of the executive officers of the local bank,
together with the report of the district examiner, is forwarded to
Washington, where it is studied in the Legal Department to deter
mine the legal eligibility of the applicant association for insurance,
to analyze the institution's forms of securities, bylaws, and charter,
and to determine its contingent liability on outstanding securities or
other contracts.
The reports on these studies go to the Review Committee, which
makes its recommendation to the board of trustees, usually in one of
the following five forms: (1) That the board approve the application;
(2) that the board approve the application upon compliance by the
association with certain specified conditions; (3) that the application
be held in suspense for further information; (4) that the application
be not approved without further examination; or (5) that, if the appli
cant is unable to measure up to the required standards, the application
be rejected.
If deemed advisable, a reasonable time may be permitted a newly
insured association within which to care for accumulated withdrawal
requests and to resume normal operations.
The Legal Department and the Review Committee also analyze
applications of insured institutions to purchase assets, effect mergers,
extend lending territory, and execute operating or management agree
ments with other institutions. On these applications the Review
Committee makes recommendations to the board of trustees.
An insured institution has certain minimum requirements to ob
serve. The Insurance Corporation requires that the institution pro
tect its shareholders and borrowers by accurately representing its serv
ices, contracts, and financial condition to the public. The Corpora
tion supervises the sales practices and forms of securities used by its
insured institutions. It requires that each association establish ade
quate reserves, including an insurance reserve, which within 20 years
or less, must be equal to 5 percent of the aggregate of all its insured
accounts. Each insured institution must make an annual report to
the Corporation and must undergo annual examination and audit.
The supervision of insured associations by the Corporation is under
the direction of the Governor of the Federal Home Loan Bank System,
through the officers of the 12 regional banks.
PREMIUM RATE
When the Corporation was created in 1934, the premium rate to
insured institutions was set at one-fourth of 1 percent of the total of
all insurable accounts and creditor obligations. About a year later
the Congress reduced the rate to one-eighth of 1 percent, and made
the new rate retroactive, credit being given to all associations which
had paid the original rate.
Surveys by the Insurance Corporation and the Federal Home Loan
Bank Board, including studies of the limited savings and loan statistics
available and other sources of information, indicate that this rate is
sufficient to enable the Corporation to establish reserves and to meet
losses incurred in the liquidation of insured institutions. The stand
ards of eligibility and the Board's supervision of insured associations
are designed to reduce the number of liquidations and to minimize
losses.
ANNUAL
REPORT OF FEDERAL HOME LOAN BANK BOARD
51
In view of the comparatively brief existence of the Corporation and
the absence of any statistics on the failures of supervised savings and
loan institutions, it is not yet possible for the Corporation to calculate
with accuracy the extent of prospective losses. Longer experience with
its selected risks and experience through at least one complete business
cycle will be necessary before such calculations can be made with
safety. In the meantime, good business judgment dictates the crea
tion of substantial reserves as promptly as possible. It is believed the
present premium rate added to other income is adequate'to accomplish
this.
PERSONNEL
Since the activity of the Federal Savings and Loan Insurance Cor
poration was to be in the field of thrift and urban home financing, the
Congress stipulated in the enabling act that the members of the Fed
eral Home Loan Bank Board should act as trustees of the Insurance
Corporation. The trustees were authorized to promulgate rules and
regulations and to appoint all officers and employees of the Corporation.
Since the Corporation uses the services of various divisions under
the Board which are made available to it, but a small staff appears
directly on its pay roll. Its entire personnel numbered but 10 at the
close of its first year. With expanding activities, its staff had increased
to 17 by June 1936, and on June 30, 1937, there were 18 officers and
employees directly on the pay roll of the Insurance Corporation, as
shown in the following table:
TABLE 3.-Officers and employees on the pay roll of the Federal Savings and Loan
Insurance Corporation,June 30, 1987
Division
General manager's office- ....------......--.---
Employees
-------
-------
Treasurer'soffice.......-------------------------------------------Legal department.----..--.-----------------------------------Office of secretary of Board-----------------------------Total Federal Savings and Loan Insurance Corporation pay roll-..-
General manager.
2 employees.
Treasurer.
4 employees.
Associate general counsel.
3 attorneys.
5 employees.
1 employee.
18 officers and employees.
The Insurance Corporation shared in the expenses of the several
departments of the Federal Home Loan Bank Board during 1936-37,
in proportion to the services it received. These departments included
the Review Committee, Examining Division (Washington office 2);
Savings and Loan Division; Mail and Messenger Division; Steno
graphic Pool; Federal Home Loan Bank Board and its staff; File
Section; Legal Department; and the Department of Public Relations.
FINANCIAL CONDITION OF THE CORPORATION
As provided for in the creating act, the Home Owners' Loan Cor
poration subscribed and paid for the entire capital stock of $100,
000,000 of the Federal Savings and Loan Insuannce Corporation.
2 Expenses of examinations in the field are borne by the applicant and insured associations.
52
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Although the capital stock is owned by a Government agency, the
Corporation is operated on a mutual basis, with premium currently
carried entirely to the reserve for losses.
Dividends of 3 percent a year were declared on the stock until
June 30, 1935. No dividends have been declared since, as sound
policy dictated that all receipts above expenses should for the present
be applied toward the building up of an adequate reserve account.
Until the reserve has reached such a point, the Corporation cannot
reasonably be regarded as having made any profits from which divi
dends can be properly declared.
Expenses of the Corporation are paid from the interest earned on
the invested reserves. All income from premiums, admission fees, and
interest on the bonds received in payment for the capital stock is at
present placed in the reserve fund. During the fiscal year, the Cor
poration earned a total of $1,346,077.76 in regular insurance premiums.
Although the Corporation is authorized by the act to collect certain
additional premiums from insured associations, it has not been neces
sary to assess an additional premium.
Admission fees totaling $66,350.71 were collected during the year.
The law provides that after the first year of the Corporation's exist
ence, the amount of the admission fee be an equitable contribution
to the reserve fund of the Corporation. In accordance with this pro
vision, each institution applying from June 27, 1935, to June 27, 1936,
was required to pay $0.02 for each $100 of its insured accounts and
creditor obligations. For the fiscal year 1936-37, the admission fee
was raised to $0.03 per $100, in line with the increased reserve fund
of the Corporation.
Additional income, consisting primarily of $3,000,000 interest earned
on the Home Owner's Loan Corporation bonds received in payment of
the capital stock and interest on other bonds purchased by the Corpora
tion as investments, totaled $3,146,348.92. Operating expenses of the
Corporation, including service charges paid to the Federal Home Loan
Bank Board, totaled $158,582.49. The net income of the Corporation
for the fiscal year 1937 totaled $4,393,536.41.
Three million dollars of this net income was allocated to the special
reserve fund for contingencies. Investments made during the year,
which consisted of Government and Government-guaranteed bonds,
totaled more than $6,000,000.
During its 3 years of operations, the Corporation has had to handle
but one liquidation of an insured savings and loan association. This
was in the case of the First Federal Savings and Loan Association of
Wheeling, W. Va., which involved a cash disbursement by the Corpo
ration of $2,024.87. This is the only loss sustained by the Corporation.
At the close of the year, the Corporation had total assets of $108,
985,497.89, an increase of $4,623,883.85 over June 30, 1936.
A financial statement of the Federal Savings and Loan Insurance
Corporation as of June 30, 1937, and an income and expense statement
for the fiscal year 1937 follow:
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
53
TABLE 4.-Federal Savings and Loan Insurance Corporationfinancial statement,
June 30, 1937
ASSETS
Cash:
--___
U. S. Treasury _______
Accounts and other receivables:
due--..
$647. 82
Insurance premiums
Insurance premiums deferred 404, 948. 91
$198, 682. 40
$405, 596. 73
Advanced to Federal Home Loan Bank
Board--------------Investments:
H. O. L. C. bonds-received in payment
of capital stock-------------------H. O. L. C. bonds-purchased as invest
ment--------------------------U. S. Treasury bonds-purchased as in
vestment -----------------------Accrued interest:
On bonds received in payment of capital
stock -_----------On bonds purchased as investment-----
62, 500. 00
468, 096. 73
100, 000, 000. 00
1, 887, 417. 08
5, 873, 588. 51
107, 761, 005. 59
500, 000. 00
57. 713. 17
Total assets -----------
557, 713. 17
1---08,985,497.89
LIABILITIES
Accounts payable:
For purchases and services
Funds held in escrow ------Credits due insured institutions .--
$11, 508. 91
73. 80
36. 67
11, 619. 38
Deferred income:
Unearned insurance premiums ----------CAPITAL AND
738, 521. 15
SURPLUS
Capital stock outstanding --------------- $100, 000, 000. 00
Surplus:
Reserve fund, as provided
bylaw--------------$841,820. 95
Special reserve for con
tingencies------------ 6, 000, 000. 00
Ea r n e d surplus-fiscal
year 1937-----------1, 393, 536. 41
---------8, 235, 357. 36
Total capital and surplus --------------------------
108, 235, 357. 36
Total liabilities, capital and surplus -----------------
108, 985, 497. 89
TABLE 5.-Income and expense statement of the FederalSavings and Loan Insurance
Corporationfor the period July 1, 1936, to June 30, 1937
Income:
Insurance premiums earned-------------- $1, 346, 077. 76
Admission fees earned ------------------ _
66, 350. 71
$1, 412, 428. 47
Expenses:
Personal services-administrative ---------61, 238. 89
Services received from other divisions paid to
84, 522. 23
Federal Home Loan Bank Board -------Audit of treasurer's accounts -----------845. 65
3, 342. 40
Printing and binding--------------------Supplies and materials ----------------313. 31
Traveling expense-administrative .
---
Telephone and telegraph ---------------
-
3, 288. 21
241. 46
54
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
TABLE 5.-Income and expense statement of the FederalSavings and Loan Insurance
Corporationfor the period July 1, 1936, to June 30, 1937-Continued
Expenses-Continued.
Advertising ---------------------------Furniture and fixtures------------------------------------------Miscellaneous
$4, 467. 87
109. 17
213. 30
$158, 582. 49
1, 253, 845. 98
Net income from operations- ----------------------------Other income:
Interest earned on bonds
received in payment of
$3, 000, 000. 00
capital stock ---------Interest earned on bonds
purchased as investment_
146, 210. 86
Amortization of discount on
bonds-----------------79.56
Miscellaneous receipts.....
58. 50
$32146,348.92
Less other deductions:
Amortization of premium on
bonds -----------Commission on bonds------
6, 627. 24
31.25
6, 658. 49
3, 139, 690. 43
------------------------------------------Net income
Allocated to special reserve for contingencies ----------------
4, 393, 536. 41
3, 000, 000. 00
Unallocated income (surplus) -----------------------------
1, 393, 536. 41
EXHIBIT I
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location
Federal savings and loan associations are indicated in italics. (All Federal
associations are required to obtain membership in the Federal Home Loan Bank
System, and insurance of investors' share accounts.) Member institutions insured
by the Federal Savings and Loan Insurance Corporation are indicated by the
prefix (*).
ALABAMA
Location
Name
Andalusia -----Anniston ----Bessemer_ ---Birmingham ---Do_---Do
Do----Do.------------Do
Do-------------
Decatur ------Florence------Gadsden------Huntsville ----Jasper
Mobile_
------Do ------Do_----Montgomery _-_
-
_
-
*First FederalSavings & Loan Association of Andalusia.1
*First Federal Savings & Loan Association of Anniston.
*First Federal Savings & Loan Association of Bessemer.
*Birmingham Federal Savings & Loan Association.
*First Federal Savings & Loan Association of Alabama.
Jefferson County Building & Loan Association.
*Jefferson Federal Savings & Loan Association of Bir
mingham.
Protective Life Insurance Co.
Southern Life & Health Insurance Co.
*Woodlawn Federal Savings & Loan Association of
Birmingham.
New Morgan County Building & Loan Association.
*First Federal Savings & Loan Association of Florence.
*First Federal Savings & Loan Association of Gadsden.
*FirstFederal Savings & Loan Association of Huntsville.
*FirstFederal Savings & Loan Association of Jasper.
*FirstFederal Savings & Loan Association of Mobile.
Mobile Building & Loan Association.
Mutual Building & Loan Association.
*First Federal Savings & Loan Association of Mont
gomery.
I Chartered as a Federal savings and loan association as of June 30, 1937, but not yet formally admitted
to membership in the Federal Home Loan Bank System as of that date.
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
55
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location--Continued
ALABAMA-COntinued
Location
Phoenix City--------
Robertsdale ---Sheffield ---Tuscaloosa_----
Name
*First Federal Savings & Loan Association of Russell
County.
Baldwin County Building & Loan Association.
*Sheffeld Federal Savings & Loan Association.
Tuscaloosa Building & Loan Association.
ALASKA
Juneau_-----_
*Alaska FederalSavings and Loan Association of Juneau.
Phoenix ----Do_---Do_---Tucson------
*FirstFederal Savings & Loan Association of Phoenix.
State Building & Loan Association.
*Western Building & Loan Association.
*Tucson Federal Savings & Loan Association.
ARIZONA
ARKANSAS
Arkadelphia
Batesville ----Camden_
---El Dorado----Fayetteville ---Forrest City--Fort Smith_--Do-----Do-----Do----Do-----Do-----Harrison ----Helena -----Do--Hope--______
Hot Springs_
Jonesboro ---Little Rock----Do
Do_----Do_----Do-----Do-----Do-----Do
Marianna
-----Morrilton
Nashville
---------Newport
North Little Rock --Paragould_--Piggott-----Pine Bluff----Pocahontas----Prescott
------Rogers----------
*Arkadelphia Federal Savings & Loan Association of
Arkadelphia.
*Batesville Federal Savings & Loan Association.
*First Federal Savings & Loan Association of Camden.
*FirstFederal Savings & Loan Association of El Dorado.
*Fayetteville Building & Loan Association.
Forrest City Building & Loan Association.
*FirstFederal Savings & Loan Association of FortSmith.
Fort Smith Building & Loan Assocition.
*Peoples Federal Savings & Loan Association.
*Standard Federal Savings & Loan Association of Fort
Smith.
*Superior Federal Savings & Loan Association of Fort
Smith.
*United Building & Loan Association.
*Harrison Federal Savings & Loan Association.
*First FederalSavings & Loan Association of Helena.
*Helena FederalSavings & Loan Association.
*Hope Federal Savings & Loan Association of Hope.
*FirstFederalSavings & Loan Association of Hot Springs.
*Citizens Federal Savings & Loan Association of Jones
boro.
*Commonwealth Federal Savings & Loan Association.
*FirstFederal Savings & Loan Association of Little Rock.
*Guaranty Federal Savings & Loan Association.
National Equity Life Insurance Co.
*Peoples Building & Loan Association.
*Pulaski FederalSavings & Loan Association.
Pyramid Life Insurance Co.
*State Federal Savings & Loan Association.
*MariannaFederalSavings & Loan Association.
*Morrilton FederalSavings & Loan Association of Morril
ton.
*Nashville Federal Savings & Loan Association, Nashville.
*Newport FederalSavings & Loan Association.
*Argenta Building & Loan Association.
*First Federal Savings & Loan Association of Paragould.
*Piggott Federal Savings & Loan Association.
*The Southern Federal Savings & Loan Association of
Pine Bluff.
*PocahontasFederal Savings & Loan Association.
*Prescott FederalSavings & Loan Association, Prescott.
*First FederalSavings & Loan Association of Rogers.
56
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 80, 1937,
by States and location-Continued
ARKANSAS-continued
Location
Name
Russellville --------*First FederalSavings & Loan Association of Russellville.
Searcy_
*Searcy Federal Savings & Loan Association, Searcy.
Stuttgart_
*Riceland Federal Savings & Loan Association.
Texarkana ---------*Texarkana Federal Savings & Loan Association.
Warren--------------Warren Building & Loan Association.
West Memphis -------- *Wlest Memphis Federal Savings & Loan Association of
West Memphis.
Wynne- -------------- *ynne
FederalSavings & Loan Association.
CALIFORNIA
Alameda ----------Albany -------------Alhambra ----------Do --------Do -----------Altadena ----------Anaheim -----------Do ------------Arcadia -------------Atascadero --------Auburn------------Bakersfield ---------Do -----------Banning ------Bellflower_
Berkeley-- ------Do_
--------Do_-----Beverly Hills --Burbank -----Do _---Chino _-------Chula Vista-----Claremont----------Colton
Compton ------Coronado-__--------Covina ------------El Centro---------Elsinore------------Escondido----------Fillmore------Fresno -----------Fullerton ------------Do ----------Glendale -----------Hemet --------------Hollywood----------Huntington Park-----InglewoodDo ------------Laguna Beach -------La Habra-----Long Beach----_Do-------------
*Central Building & Loan Association.
Albany Guaranty Building & Loan Association.
Alhambra Building & Loan Association.
*FirstFederalSavings & Loan Association of Alhambra.
*Mutual Building & Loan Association of Alhambra.
*FirstFederalSavings & Loan Association of Altadena.
Anaheim Building & Loan Association.
The Savings Loan & Building Association of Anaheim.
Greater Arcadia Building-Loan Association.
Atascadero Guarantee Building & Loan Association.
*Central California FederalSavings & Loan Association.
*First FederalSavings & Loan Association of Bakersfield.
*Kern County Mutual Building & Loan Association.
San Gorgonio Building-Loan Association.
*F irst FederalSavings & Loan Associationof Bellflower.
*Berkeley Guarantee Building & Loan Association.
*Community Federal Savings & Loan Association.
*Fidelity Guarantee Building & Loan Association.
*First Federal Savings & Loan Association of Beverly
Hills.
Burbank Building-Loan Association.
*Surety Bond Building-Loan Association.
*Chino Building & Loan Association.
*Chula Vista Building-Loan Association.
*Claremont Building & Loan Association.
*------------Orange Belt Federal Savings & Loan Association.
*--Compton Federal Savings & Loan Association.
*Coronado Federal Savings & Loan Association.
*First Federal Savings & Loan Association of San Gabriel
Valley.
*Imperial Valley Building & Loan Association.
Mutual Building & Loan Association of Elsinore.
*Escondido Federal Savings & Loan Association.
Ramona Building-Loan Association.
Fresno Guarantee Building & Loan Association.
Fullerton Building-Loan Association.
Mutual Building & Loan Association of Fullerton.
*Glendale Federal Savings & Loan Association.
Hemet Home Builders' Association.
*FirstFederal Savings & Loan Association of Hollywood.
*FirstFederalSavings & Loan Association of Huntington
Park.
*--------nglewood Federal Savings & Loan Association.
*Peoples Building & Loan Association.
*First Federal Savings & Loan Association of Laguna
Beach.
*La Habra Valley Building-Loan Association.
*FirstFederal Savings & Loan Association of Long Beach.
*Long Beach Federal Savings & Loan Association.
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
57
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location-Continued
CALIFORNIA-continued
Location
Los Angeles---
Name
. *Coast Federal Savings & Loan Association of Los
Angeles.
- *The Coast Mutual Building-Loan Association.
Do----*-First FederalSavings & Loan Association of San Pedro.
Do--------* FirstFederalSavings & Loan Association of Wilmington.
Do--------*.Founders Federal Savings & Loan Association of Los
Do.-------Angeles.
*Germania Federal Savings & Loan Association.
Do--------Do--------- *Great Western Building & Loan Association.
- *Hollywood Building & Loan Association.
Do--------Home Building & Loan Association.
Do------*Investment Federal Savings & Loan Association.
Do----Do----Liberty Building-Loan Association.
Lincoln Building & Loan Association.
Do----Los Angeles American Building & Loan Association.
Do-------S*Los Angeles Federal Savings & Loan Association.
Do--------S *Metropolitan Federal Savings & Loan Association.
Do----* Railway Federal Savings & Loan Association.
Do_---- *Southern California Building & Loan Association.
Do----* Southland Federal Savings & Loan Association.
Do----- *StandardFederal Savings & Loan Association.
Do----- *State Mutual Building & Loan Association.
Do
*Western Homes Federal Savings & Loan Association of
Do---------Los Angeles.
*Westwood Hills Federal Savings & Loan Association of
Do---------Los Angeles.
*-Wilshire Federal Savings & Loan Association of Los
Do
Angeles.
*Marysville Guarantee Building-Loan Association.
Marysville_-Merced----Merced Mutual Building & Loan Association.
Mill Valley------Tamalpais Mutual Building & Loan Association.
Modesto Building & Loan Association.
Modesto_--Monrovia --Monrovia Mutual Building & Loan Association.
S*Educational Building & Loan Association.
Monterey --Montrose -- _---- *Intervalley Building & Loan Association.
-The Napa Building & Loan Association.
Napa---_ *Newport-Balboa FederalSavings & Loan Association.
Newport Beach -_
North Hollywood___ _ *North Hollywood Federal Savings & Loan Association.
North Sacramento-_ -_ *Fort Sutter FederalSavings & Loan Association of North
Sacramento.
Oakland ---*-Alameda County Federal Savings & Loan Association.
*First FederalSavings & Loan Association of Oakland.
Do----Do---------*-Oakland FederalSavings & Loan Association.
Oceanside
Oceanside Building & Loan Association.
Ontario-------- *Euclid Guarantee Building & Loan Association.
Orange_----Orange Building & Loan Association.
Palo Alto----*Palo Alto Mutual Building & Loan Association.
Pasadena---_
S *Atlas FederalSavings & Loan Association of Pasadena.
Do----California Security Loan Corporation.
Do----*First Federal Savings & Loan Association of Pasadena.
Do
- *Mutual Building & Loan Association of Pasadena.
Paso Robles
Paso Robles Mutual Building & Loan Association.
Pico_-----Pico-Rivera Building-Loan Association.
Pomona ---- *Home-Builders' Loan Association.
Pomona Mutual Building & Loan Association.
Do
Porterville --*Porterville Mutual Building & Loan Association.
Redlands --* Redlands Federal Savings & Loan Association.
Redondo Beach .. _ ___ *The American Mutual Building & Loan Association.
San Mateo County Building & Loan Association.
Redwood City. Riverside_ -Citrus Belt Building & Loan Association.
Sacramento --_
* Capital Federal Savings & Loan Association.
Salinas ----Salinas Valley Building-Loan Association.
58
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location--Continued
CALIFORNIA-continued
Location
Name
San Bernardino ...
-Do--San Diego------Do ---Do---
---
Do---Do---
--
Do
Do
San Francisco _-----Do
--
Do- Do-----Do---Do------
--
Do
Do,----Do-----Do----------Do
Do
Do
Do
San Jose-----Do
Do_---Do---Do
San Luis Obispo-----San Mateo----Do
San Rafael_----
-
Santa Ana-- --Do-----Santa Barbara --..
Do-----------
---Do-Santa Cruz-------Santa Maria------Santa Monica-------Do-----Santa Rosa------Sausalito ---------Do
Sonora-----------South Pasadena-----Stockton_---------Do-----Do
Torrance---------Tulare -------- --
*First Federal Savings & Loan Association of San
Bernardino.
*Santa Fe Federal Savings & Loan Association.
Bay City Building & Loan Association.
*Central Federal Savings & Loan Association of San
Diego.
*First Federal Savings & Loan Association of San
Diego.
*Home Federal Savings & Loan Association of San
Diego.
*La Jolla FederalSavings & Loan Association.
*San Diego FederalSavings & Loan Association.
The Silver Gate Building & Loan Association.
*Bay View Federal Savings & Loan Association.
California Home Building-Loan Co.
*Citizens' Federal Savings & Loan Association.
*Eureka Federal Savings & Loan Association of San
Francisco.
*Franklin Mutual Building & Loan Association.
*German-American Building-Loan Association of San
SFrancisco.
Globe Mutual Building & Loan Association.
*Golden Gate Federal Savings & Loan Association.
*Home Federal Savings & Loan Association of San
Francisco.
Home Mutual Deposit Loan Co.
Northern California Building & Loan Association.
Provident Mutual Loan Association.
*San Francisco FederalSavings & Loan Association.
Standard Building & Loan Association.
*First Federal Savings & Loan Association of San Jose.
*Guaranty Building & Loan Association.
*Independent Building-Loan Association.
*San Jose Pacific Building & Loan Association.
*Surety Building & Loan Association.
Guarantee Building-Loan Association.
*PeninsulaFederal Savings & Loan Association.
San Mateo Mutual Building & Loan Association.
Marin County Mutual Building & Loan Association
(The).
*First Federal Savings & Loan Association of Santa Ana.
Santa Ana Building & Loan Association.
*First Federal Savings & Loan Association of Santa
Barbara.
The Loan & Building Association of Santa Barbara.
Santa Barbara Mutual Building & Loan Association.
*Santa Cruz County Building & Loan Association.
*Santa Maria Guaranty Building-Loan Association.
*Century Federal Savings & Loan Association.
*First Federal Savings & Loan Association of Santa
Monica.
Santa Rosa Building & Loan Association.
Northwestern Building & Loan Association.
Sausalito Mutual Loan Association.
*Sonora-Guarantee Building-Loan Association.
*First Federal Savings & Loan Association of South
Pasadena.
*San Joaquin Building & Loan Association.
State Building & Loan Association.
Stockton Land, Loan & Building Association.
*Torrance Mutual Building & Loan Association.
*First Federal Savings & Loan Association of Tulare
County.
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
59
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location-Continued
CALIFORNIA-continued
Location
Name
Turlock----_-----*Turlock Guarantee Building-Loan Association.
Upland--------------*Magnolia Federal Savings & Loan Association of
Upland.
Van Nuys------------Providence Building & Loan Association.
Do------------- *Van Nuys Building & Loan Association.
Do------------- *San Fernando Valley Federal Savings & Loan Associa
tion.
Do------------- *Van Nuys Building & Loan Association.
Visalia --------------- Visalia Building & Loan Association.
Watsonville---------- *Watsonville Federal Savings & Loan Association.
Whittier------------- *Mutual Building & Loan Association of Whittier.
Do-------------Whittier Building & Loan Association.
Wilmington ---------_
Wilmington Mutual Building & Loan Association.
COLORADO
Alamosa------------ *San Luis Valley FederalSavings & Loan Association of
Alamosa.
Brighton------------ *Brighton Federal Savings & Loan Association.
Canon City----------* First FederalSavings & Loan Association of Canon City.
Colorado Springs------ *First Federal Savings & Loan Association of Colorado
Springs.
Craig -------------- *First Federal Savings & Loan Association of Craig.
Del Norte----------- *Del Norte Federal Savings & Loan Association.
Delta --------------- The Delta Savings & Building Association.
Denver-------------- The Capitol Building & Loan Association.
Do ---.. -*Colorado Federal Savings & Loan Association.
Do ------------ *Denver Federal Savings & Loan Association.
Do------------- *The Empire Savings Building & Loan Association.
Do------------- *First Federal Savings & Loan Association of Denver.
Do------------- *Industrial Federal Savings & Loan Association.
Do-------------- The Midland Savings & Loan Co.
Do--------------Silver State Building & Loan Association.
Durango------------- The Durango Savings & Building Association.
Englewood----------- *FirstFederal Savings & Loan Association of Englewood.
Florence_--.--------The Florence Building & Loan Association.
Fort Collins----------* Fort Collins Federal Savings & Loan Association.
Do------------- *Home Federal Savings & Loan Association.
Fort Morgan---------- *Morgan County Federal Savings & Loan Association of
Fort Morgan.
Glenwood Springs. *First Federal Savings & Loan Association of Glenwood
Springs.
Golden -----------The Golden Building & Loan Association.
Grand Junction
*---Mesa Federal Savings & Loan Association of Grand
Junction.
Do-------------- The Modern Building & Loan Association.
Do------------The Mutual Savings & Building Association.
Do-------------* Valley Federal Savings & Loan Association of Grand
Junction.
Greeley------------_ The Northern Colorado Building & Loan Association.
Do ------------ *Old Colony Building & Loan Association.
La/Junta ----------- *First FederalSavings & Loan Association of La Junta.
Do ----------Otero Loan & Building Association.
Lamar_------------- First Federal Savings & Loan Association of Lamar.
Longmont ----------- *Longmont Federal Savings & Loan Association.
Loveland------------ *The Loveland Building & Loan Association.
Monte Vista----------The Monte Vista Building Association.
Oak Creek---------- *Routt County Federal Savings & Loan Association.
Pueblo
--------
*First Federal Savings & Loan Association of Pueblo.
60
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location-Continued
COLORADO-continued
Location
Name
Rocky Ford_----
*Rocky Ford Federal Savings & Loan Association of
Salida ------
*The Salida Building & Loan Association.
Trinidad-
*The Century Building & Loan Association.
Colorado.
CONNECTICUT
Branford------------ *Branford Federal Savings & Loan Association.
Bridgeport------Federal Building & Loan Association.
Do------------- The Home Building & Loan Association.
Do ------------- West End Building & Loan Association.
Bristol-_
-----*Bristol Federal Savings & Loan Association.
Danbury
---------
Danbury Building & Loan Association.
Danielson_____
_ *Danielson FederalSavings & Loan Association.
East Hampton ------East Hampton Building & Loan Association (The).
East Hartford -------- * East Hartford Federal Savings & Loan Association.
Fairfield------------The Fairfield Building & Loan Association.
Greenwich- ---------- *First FederalSavings & Loan Association of Greenwich.
Hartford- ----------- *Hartford FederalSavings & Loan Association.
Do _-------- --Hartford Home Building & Loan Association.
Madison----------_
- *Fzrst FederalSavings & Loan Association of Madison.
Manchester-----Savings Bank of Manchester.
Meriden__-----*FirstFederal Savings & Loan Association of Meriden.
Do__---------Meriden Permanent Building & Loan Association.
Middletown-_---------The
Forest City Building & Loan Association, Inc.
New Britain--------_ *New Britain Federal Savings & Loan Association.
New Haven_-------The Elm City Building & Loan Association.
Do --------
- *FirstFederalSavings & Loan Association of New Haven.
Do -----------Do -----------New London------_--Do-----------
---Norwalk ___
Do ------------Norwich ------------Portland ------Putnam -----------Shelton ----------_
South Manchester- - Stafford Springs------Stamford_----------Stonington -----Thomaston ---------Thompsonville-------Torrington_ ---_
Wallingford----Waterbury----------Do-------------Windsor -----------Windsor Locks --------
New Haven Building & Loan Association.
New Haven Progressive Building & Loan Association of
Connecticut.
New London Building & Loan Association.
*New London Federal Savings & Loan Association.
*FrstFederalSavings & Loan Association of Norwalk.
The Norwalk Building, Loan & Investment Association.
The Norwich Building & Loan Association, Inc.
The Portland Building & Loan Association, Inc.
Putnam Building & Loan Association.
*Shelton Building & Loan Association.
The Manchester Building & Loan Association, Inc.
Stafford Building & Loan Association.
*Stamford Federal Savings & Loan Association.
The Stonington Savings & Loan Association, Inc.
Thomaston Savings Bank.
The Thompsonville Building & Loan Association.
Torrington Building & Loan Association.
Wallingford Building & Loan Association, Inc.
*FirstFederal Savings & Loan Association of Waterbury.
Waterbury Building & Loan Association, Inc.
*Windsor Federal Savings & Loan Association.
Windsor Locks Building & Loan Association.
DELAWARE
Arden Building and Loan Association.
Arden ------------Claymont ----------- Delaware Building Loan Association.
- Marshallton Building & Loan Association.
Marshallton- --The Five Points Building and Loan Association.
Richardson Park ----Wilmington--------- Brandywine Building & Loan Association.
Do -------------- Mechanics Savings & Building Loan Association.
Do--------------Ninth Ward Building & Loan Association.
ANNUAL REPORT
OF FEDERAL
HOME LOAN BANK BOARD
61
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location-Continued
DISTRICT OF COLUMBIA
Name
Location
Washington
Do--Do_-Do_
Do_
Do_-Do--Do_-Do_
Do_-Doa
Do--Do---Do--Do
Do----Do
S
S
--
American Building Association.
*Brookland Building Association.
* Columbia Building Association.
Columbia Permanent Building Association.
*District Building & Loan Association.
*Eastern Building & Loan Association.
* FirstFederalSavings & Loan Association of Washington.
SHome Building Association.
*--The Home Mutual Building & Loan Association.
*Interstate Building Association.
-Metropolis Building Association.
National Permanent Building Association.
Northeast Building Association.
Northern Liberty Building Association.
Oriental Building Association No. 6.
Perpetual Building Association.
Washington Permanent Building Association.
FLORIDA
Apalachicola _
Bartow_ --Belle GladeBradenton---
-
Clearwater_- Clewiston .--Coral Gables
Daytona Beach___
Do--DeLand --Eustis-------Fernandina --Fort Lauderdale- ----Fort Myers--Fort Pierce_
Gainesville_
Do_----Hollywood Homestead - Jacksonville
Do---Do---Kissimmee
Lake City_
Lakeland
Lake Wales__
Lake Worth
Leesburg_
Marianna
Miami
Do,.._
Miami Beach
Do_
--
*First Federal
Savings & Loan Association of Apalachi
cola.2
*Bartow Federal Savings & Loan Association.
*-Everglades Federal Savings & Loan Association of,Belle
Glades.
*-First Federal Savings & Loan Association of Manatee
County.
*-First FederalSavings & Loan Association of Clearwater.
*_ClewistonFederalSavings & Loan Association.
*Coral Gables FederalSavings & Loan Association.
*-*Daytona Beach Federal Savings & Loan Association.
*First Federal Savings & Loan Association of Daytona
Beach.
*-DeLand Federal Savings & Loan Association.
*--First FederalSavings & Loan Association of Eustis.
- -
S
-
*FernandinaFederal Savings & Loan Association.
*First Federal Savings & Loan Association of Broward
County.
*FirstFederal Savings & Loan Association of Fort Myers.
*FirstFederalSavings & Loan Association of Fort Pierce.
* First Federal Savings & Loan Association of Gainesville.
SGainesville Mutual Building & Loan Association.
*Hollywood FederalSavings & Loan Association.
FederalSavings & Loan Association of Homestead.
S*First
S
-
*Fidelity FederalSavings & Loan Association of Jackson
ville.
*FirstFederalSavings & Loan Association of Jacksonville.
*Jacksonville FederalSavings & Loan Association.
-
S*First Federal Savings & Loan Association of Osceola
County.
- *Lake City FederalSavings & Loan Association.
S
*FirstFederalSavings & Loan Association of Lakeland.
*FirstFederalSavings & Loan Association of Lake
2 Wales.
-
*Lake Worth FederalSavings & Loan Association.
*FirstFederalSavings & Loan Association of Lake County.
*MariannaFederalSavings & Loan Association.
S
*Dade FederalSavings & Loan Association of Miami.
*FirstFederalSavings & Loan Association of Miami.
*Chase FederalSavings & Loan Association.
-
S*Miami Beach FederalSavings & Loan Association.
2 Withdrawn from membership in the Federal Home Loan Bank System as of June 30, 1937, but charter
as a Federal savings and loan association not yet canceled as of that date.
43246-38---5
62
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 80, 1937,
by States and location-Continued
FLORIDA-continued
Location
New Smyrna _----
Ocala_
----Orlando ----Palatka -----Panama City --Pensacola ------Do----------Punta Gorda_
Sanford_ ---Sarasota_----St. Petersburg
__
Do----Tallahassee ----Tampa ------Do_---Tavares-----Vero Beach_---West Palm Beach -Winter Haven - ----Win+tr Park
---
Name
FirstFederalSavings & Loan Associationof New Smyrna.
*Ocala Federal Savings & Loan Association.
*First FederalSavings & Loan Association of Orlando.
*PalatkaFederal Savings & Loan Association.
*First Federal Savings & Loan Association of Panama
City.
Mutual Building & Savings Association.
Pensacola Home & Savings Association.
*Punta Gorda FederalSavings & Loan Association.
*First Federal Savings & Loan Association of Seminole
County.
*First FederalSavings & Loan Association of Sarasota.
*First Federal Savings & Loan Association of St. Peters
burg.
*St. PetersburgFederalSavings & Loan Association.
*-TallahasseeFederalSavings & Loan Association.
*FirstFederalSavings & Loan Association of Tampa.
*Lafayette FederalSavings & Loan Association of Tampa.
*Lake County Federal Savings & Loan Association of
Tavares.
*First Federal Savings & Loan Association of Indian
River County.
*FirstFederal Savings & Loan Association of West Palm
Beach.
*First Federal Savings & Loan Association of Winter
Haven.
*Winter ParkFederalSavings & Loan Association.
GEORGIA
-Albany --_
Athens_
Atlanta -----Do_-------
---
Do-----------Do
Do_---Do_---Do_--Do-----------------Augusta
Bainbridge_--Baxley ---------Brunswick
Buford_-----Carrollton ----Columbus -Do_---Do_--Commerce_- --Cordele ----Cornelia -_---Covington ----Cuthbert-----Decatur_---Donalsonville --Douglas_------------
*Albany Federal Savings & Loan Association.
*Athens FederalSavings & Loan Association.
*Atlanta Federal Savings & Loan Association.
The Atlanta Mutual Building Loan & Savings Associa
tion.
*FirstFederalSavings & Loan Association of Atlanta.
First National Building & Loan Association.
*Fulton County Federal Savings & Loan Association of
Atlanta, Ga.
*Home Building & Loan Association.
*Southern FederalSavings & Loan Association of Atlanta.
*StandardFederalSavings & Loan Association of Atlanta.
*FirstFederalSavings & Loan Association of Augusta.
*FirstFederalSavings & Loan Association of Bainbridge.
*Baxley FederalSavings & Loan Association.
*Brunswick FederalSavings & Loan Association.
*The Gwinnett County Building & Loan Association.
*CarrolltonFederalSavings & Loan Association.
Columbus Mutual Loan Association.
*Cooperative Federal Savings & Loan Association of
Columbus.
*FirstFederalSavings & Loan Association of Columbus.
Commerce Building & Loan Association.
*First Federal Savings & Loan Association of Crisp
County.
*Habersham FederalSavings & Loan Association.
Newton County Building & Loan Association.
*Randolph County Federal Savings & Loan Association of
Cuthbert.
*Decatur Building & Loan Association.
*Donalsonville Federal Savings & Loan Association.
*Douglas FederalSavings & Loan Association.
ANNUAL
REPORT OF FEDERAL HOME LOAN BANK BOARD
63
Member institutions of the Federal Home LoanjBank System as of June3SO, 1987,
by States and location--Continued
GEORGIA-continued
Location
Name
Dublin ------- ----*First FederalSavings & Loan Association of Dublin.
Elberton ----_-----Elberton Building & Loan Association.
*Fitzgerald Federal Savings & Loan Association.
Fitzgerald ---------Gainesville----------*First FederalSavings & Loan Association of Gainesville.
Griffin-------------- *FirstFederal Savings & Loan Association of Griffin.
Hogansville -----*Hogansville Federal Savings & Loan Association.
Jesup ---------------- Jesup Building & Loan Association.
McRae-------------*First Federal Savings & Loan Association of McRae.
- *Macon Federal Savings & Loan Association.
Macon -----Manchester---------*Meriwether FederalSavings & Loan Association.
Marietta-----------*Cobb County Federal Savings & Loan Association of
Marietta.
Do ------------*Marietta Federal Savings & Loan Association.
Moultrie----------*Moultrie Federal Savings & Loan Association.
Pelham------------*Pelham FederalSavings & Loan Association.
Perry ---------*Perry Federal Savings & Loan Association.
Quitman-----_----- *Quitman Federal Savings & Loan Association.
Rome--------*Citizens Federal Savings & Loan Association of Rome.
Do-------------- Home Building & Loan Association (The).
Rossville------------ *Rossville FederalSavings & Loan Association.
------- *FirstFederalSavings & Loan Association.
Savannah_- _
Statesboro-_---*FirstFederal Savings & Loan Association of Statesboro.
Thomasville-*Thomas County Federal Savings & Loan Association.
Tifton_-____*Tifton FederalSavings & Loan Association.
Toccoa- _____
- *Stephens FederalSavings & Loan Association.
Valdosta-----*FirstFederal Savings & Loan Association of Valdosta.
Vidalia--------*VidaliaFederal Savings & Loan Association.
*First Federal Savings & Loan Association of Waycross.
Waycross-----------HAWAII
Hilo --------------Honolulu
Do
Do-
Hawaii Building & Loan Association, Limited.
*FirstFederal Savings & Loan Association of Hawaii.
Honolulu Building & Loan Company, Ltd.
*International Building & Loan Association.
IDAHO
Boise -------------- *Boise Federal Savings & Loan Association.
Do ------------ First Federal Savings & Loan Association of Boise.
DoCoeur d'Alene -------Idaho Falls ---------Lewiston--__-__
Nampa---------Pocatello_--__
---Twin Falls --------
*Provident Savings & Loan Association.
*First Federal Savings & Loan Association of Coeur
d'Alene.
*First FederalSavings & Loan Association of Idaho Falls.
*First Federal Savings & Loan Association of Lewiston.
*Home FederalSavings & Loan Association of Nampa.
*Guaranty Federal Savings & Loan Association of
Pocatello.
*FirstFederal Savings & Loan Association of Twin Falls.
ILLINOIS
Abingdon_ ----- _
Altamont--__-Alton -__---_
Argo_----------Atlanta -----Auburn-----Aurora_-------Do
Do-----Avon---_-----
Abingdon Building & Loan Association.
The Altamont Building & Loan Association.
Home Building & Loan Association of Alton.
Sienkiewicz Building & Loan Association.
Atlanta Building & Loan Association.
Auburn Building & Loan Association.
Aurora Building & Loan Association.
Home Building & Loan Association of Aurora.
Improvement Building & Loan Association.
Avon Building & Loan Association.
64
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location-Continued
ILLINOIS-continued
Location
Name
Barrington__-Batavia --_--_
Belleville ------
Do---Do ---Do
Belvidere_-
-
Berwyn -_
--_ _
Do
-
--
Do
Do-----Do-----Do-----Do-----Bloomington -Brookfield----Bushnell---_-
___
__
Carlinville _-Caseyville ---- __
_
Centralia ----Do-______
Champaign ---D o-- - - - Do
Charleston__ ___
Do
Chicago ----Do------
Do------
Do--- _Do--Do-----Do
Do
-------Do
Do
Do
Do
Do_
Do.
Do
Do
Do
Do
Do-----Do---Do---Do
Do
Do
Do--Do-__-Do
Do
Do----Do,-----------_
Do-----Do----Do
Do--D o-----
*FederalSavings & Loan Association of Barrington.
Batavia Savings & Building Association.
Belleville Security Building & Loan Association.
First Mutual Building Association.
Greater Belleville Building & Loan Association.
West Side Building & Loan Association.
*Belvidere Federal Savings & Loan Association.
Berwyn Savings Building & Loan Association.
Bohemian Republic Building & Loan Association.
Lombard Building & Loan Association.
Ridgeland Building & Loan Association.
Tocin Building & Loan Association.
Twelfth Street Building & Loan Association.
Zaruka Building & Loan Association.
*First Federal Savings & Loan Association of Blooming
ton.
*Brookfield FederalSavings & Loan Association.
*Bushnell Federal Savings & Loan Association.
The Carlinville Loan & Building Association.
Caseyville Building Association.
City Building & Loan Association.
Home Building & Loan Association of Centralia.
*FirstFederal Savings & Loan Association of Champaign.
'Security Building & Loan Association of Champaign.
University District Building & Loan Association.
*Charleston Federal Savings & Loan Association.
Coles County Building & Loan Association.
Adams Building & Loan Association.
Advance Building & Loan Association.
Albert Wachowski Loan & Savings Co.
Almira Building & Loan Association.
Amierkan Building Loan & Homestead Association.
*Amity Federal Savings & Loan Association.
Apollo Building & Loan Association.
*Archer-Hoyne Federal Savings & Loan Association of
Chicago:
Arnoldsville Building & Loan Association.
*Austin Federal Savings & Loan Association of Chicago.
Avondale Building & Loan Association.
Bell Savings Building & Loan Association.
Belmont Building & Loan Association.
Ben Franklin Building & Loan Association.
Ben Hur Building & Loan Association.
Bessemer Building & Loan Association.
*Bohemia FederalSavings & Loan Association of Chicago.
Bohemian-Slavonian Building & Loan Association.
Borivoj Building & Loan Association.
Building & Loan Association Douglas Park.
Building & Loan Association "Rip".
Building & Loan Association Silver Crown.
*Calumet Federal Savings & Loan Association of Chicago.
*Capitol Federal Savings & Loan Association.
Casimir Pulaski Building & Loan Association.
Central Building & Loan Association of Chicago.
*Chesterfield Federal Savings & Loan Association of
Chicago.
*Chicago Federal Savings & Loan Association.
Chicago Mutual Building & Loan Association.
Columbus Building & Loan Association.
Commonwealth Edison Savings & Loan Association.
Concordia Building & Loan Association.
*Cook County FederalSavings & Loan Association.
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
65
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location--Continued
ILLINOIS-continued
Location
Chicago -----Do
Do----------\---------
Name
Copernicus Building & Loan Association.
Cragin Building & Loan Association.
Damen Building & Loan Association.
Do-----*Simano Daukanto Federal Savings & Loan Association
of Chicago.
Do-----Drexel Building & Loan Association.
Do------------- Dunaj Building & Loan Association.
Do-----------East Side Savings Building & Loan Association.
Economy Building & Loan Association.
Do-----------Do-----Fairfield Building & Loan Association.
Do----Falcons Building & Loan Association.
Do
First Croatian Building & Loan Association.
Do-----*First Federal Savings & Loan Association of Chicago.
Do_---Fraternal Building & Loan Association.
Do------Fullerton Building & Loan Association.
Do-----Gage Park Building Loan & Homestead Association.
Do-----Gediminas Building & Loan Association.
Do
General Pulaski Building & Loan Association.
Do_----Grand Crossing Building & Loan Association.
Do_---Grunwald Building & Loan Association.
Do-----Haller Building & Loan Association.
Do-----*Hegewisch Federal Savings & Loan Association of
Do
Chicago.
Hoffnung Building Loan & Homestead Association of
Chicago.
Do------------Holland Building & Loan Association.
Do------------Homan Building & Loan Association.
Do------------- *Home Federal Savings & Loan Association of Chicago.
Do-------HIoyne Building Loan & Homestead Association.
Do------------- *IllinoisFederal Savings & Loan Association
of Chicago.
Do------------Irving Park Savings Building & Loan Association.
Do------------Jefferson Park Building & Loan Association.
Do------------Jugoslav Building & Loan Association.
Do------------Kalifornie Building & Loan Association.
Do------------Karluv Tyn Building & Loan Association.
Do------------Kedzie Building & Loan Association.
Do------------Keistuto Loan & Building Association No. 1.
Do------------King Zygmunt the First Building & Loan Association.
Do------------Kosciuszko Building & Loan Association No. 3 of
Do------------Chicago.
Krakow Building & Loan Association.
Do--------- -J. I. Kraszewski Building & Loan Association.
Do------------Labe Building & Loan Association.
Do---------- -- Lake
Shore Building & Loan Association.
Do------------Do-----Do*Laramie FederalSavings & Loan Association of Chicago.
Do------------Do---------_--Do----Do_
Lawn Building & Loan Association.
Do------------Lawn Manor Building & Loan Association,
Do-----Do------------Do_.
Lawndale Building & Loan Association.
Do----Do
_
Liberty Building & Loan Association of Chicago.
Do------------Do-----Do
*Liberty Federal Savings & Loan Association of Chicago.
------------Do_
Do
Lithuania Building Loan & Homestead Association.
Do------------Do_
Lithuanian Building Loan & Savings Association.
Do
Loomis Building & Loan Association.
Do.
Lstibor Building & Loan Association.
Do_,
Mansfield Building & Loan Association.
Marshall Building Loan & Homestead Association.
DoNarodni Building & Loan Association.
Netherlands Building & Loan Association.
New City Building Loan & Homestead Association.
New Slovakia Building & Loan Association.
North Avenue Building & Loan Association.
66
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 80, 1937,
by States and location-Continued
ILLINOIs-continued
Name
*North Side Federal Savings & Loan Association of
Chicago.
Do
--Northwestern Bohemian Building & Loan Association.
*North West Federal Savings & Loan Association of
Do-----Chicago.
Northwestern Savings Building & Loan Association.
Do-Norwood Park Building & Loan Association.
Do-Novy Krok Building & Loan Association.
Do-*Oakley Federal Savings & Loan Association.
Do
------Ondrej Hlynka Building & Loan Association.
Do
------Parkway Building & Loan Association.
Do-----------*PeerlessFederal Savings & Loan Association of Chicago.
Do --------Peoples Savings & Loan Association of Roseland.
Do------------Do-----------Piast Federal Savings & Loan Association of Chicago.
-----Do
Plzen Building & Loan Association.
Do
Polish American Building & Loan Association.
Do--Polonia Building & Loan Association.
Do
*ProspectFederal Savings & Loan Association of Chicago.
*Public Federal Savings & Loan Association of Chicago.
Do----------Do-----Pulaski Building Loan & Investment Association.
Pulaski Loan & Building Association of the Sixth Ward.
Do-------------Do_Radnice Building & Loan Association.
*Reliance FederalSavings & Loan Association of Chicago.
Do -----------Do --------Republic Building & Loan Association.
Do
--------Royal Building & Loan Association of South Chicago
Do----------Russian National Building & Loan Association.
St. Floryan's Building & Loan Association.
Do---_-----St. James Building & Loan Association.
-----Do
Do----------*St. Paul FederalSavings & Loan Association of Chicago.
Do----------St. Wenceslaus Building & Loan Association.
Do---------The Sacramento Avenue Building & Loan Association.
*Second FederalSavings & Loan Association of Chicago.
Do----------Do------*Security FederalSavings & Loan Association of Chicago.
Silver Leaf Building & Loan Association.
Do---------Sixteenth Ward Building & Loan Association.
Do-----------Slovak Building & Loan Association "Choc".
Do ------Do----------*A. J. Smith Federal Savings & Loan Association of
Chicago.
Do----------Sobieski Building & Loan Association.
South Chicago Building & Loan Association.
Do-----------*South Side
-----Federal Savings & Loan Association of
Do
2
Chicago.
*StandardFederalSavings & Loan Association of Chicago.
Do---------Svornost Building Loan & Homestead Association of
Do----------Chicago.
Swedish Home Building Association.
------Do-Tabor Building & Loan Association.
Do----------*Talman Federal Savings & Loan Association of Chicago.
Do----------Telegraphers Building & Loan Association.
Do----------The Uhland Building & Loan Association.
Do----------Do------------- Union Building & Loan Association.
United Community Building & Loan Association.
Do----------United Savings & Loan Association.
Do ------Vltava Building Loan & Homestead Association.
Do---------Vojta Naprstek Building & Loan Association.
Do
Vysehrad Building & Loan Association.
Do
-----Vytauto Building & Loan Association.
Do------------Do-----------*Western FederalSavings & Loan Association of Chicago.
Do-----------Do-- - West Highland Building & Loan Association.
Location
Chicago-------------
I Withdrawn from membership in the Federal Home Loan Bank System as of June 30, 1937, but charter
as a Federal savings and loan association not yet canceled as of that date.
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
67
Member institutions of the Federal Home Loan Bank System as of June 30, 1987,
by States and location-Continued
ILLINOIS-continued
Location
Chicago ---
Name
Do ---Do--Do
Do----Do_Do.- Do-Do
Chicago Heights --.
Do_---Do-----Chillicothe__
-Do
--
Cicero ------Do-----------Do------------Do------------Do_---------Do,-----------Do------------Do ------------Do ------------Do_----------Do------------Do
Do-----Do-----Do
Do
Do----------Clinton -----------Colchester ---------Collinsvi]le ----------
Do.---Do,_--
Columbia --------Danville-- ---- --Do------Decatur_-----------__
Deerfield -----------De Kalb-----------Des Plaines,----------------Do
Dolton_----Dundee ---------East Alton,---East Peoria_---East St. Louis -----Edwardsville ------- _
Effingham---------Elgin _------------Fairbury ----_
Flora-.---------Freeport-----Do_---Do
----Galesburg _
Do----------
Westmont Building & Loan Association.
West Pullman Building & Loan Association.
White Eagle Building & Loan Association.
Workmen Building & Loan Association.
Zaporoze Building & Loan Association.
Zelena Hora Building Loan & Homestead Association.
Zgoda Building & Loan Association.
Zlata Hora Building & Loan Association.
Zlata Koruna Loan & Building Association.
*Chicago Heights FederalSavings & Loan Association.
*Citizens Federal Savings & Loan Association of Chicago
Heights.
Trencin Building & Loan Association.
*Chillicothe Federal Savings & Loan Association.
Peoples Building & Loan Association of Chillicothe.
Adam Mickiewicz Building & Loan Association.
Austin Mutual Building & Loan Association.
Clyde Building & Loan Association.
*Cicero FederalSavings & Loan Association.
General Sowinski Building & Loan Association.
Grant Works Building & Loan Association.
Hawthorne Club Savings Building & Loan Association.
*Jungman Federal Savings & Loan Association of Cicero.
*Morton Park Federal Savings & Loan Association of
Cicero.
*Ogden Federal Savings & Loan Association of Cicero.
Progress Building & Loan Association.
Rainbow Building & Loan Association.
St. Anthony's Lithuanian Parish Building & Loan
Association.
Suburban Building & Loan Association.
*Valentine FederalSavings & Loan Association of Cicero.
West Town Building & Loan Association.
*DeWitt, County FederalSavings & Loan Association.
Colchester Building & Loan Association.
Collinsville Building & Loan Association.
Home Building Association of Collinsville.
Union Building Association.
Columbia Building & Loan Association.
Danville Building Association.
Fidelity Investment & Building Association.
Peoples Savings & Loan Association.
Deerfield-Building & Loan Association.
De Kalb Building & Loan Association.
Des Plaines State Building & Loan Association.
*FirstFederalSavings & Loan Association of Des Plaines.
The Dolton-Riverdale Building & Loan Association.
*Dundee Federal Savings & Loan Association.
East Alton Loan & Investment Association.
Tazewell Building & Loan Association.
*St. Clair Federal Savings & Loan Association.
Peoples Loan Association.
The Washington Loan & Building Association.
*First Federal Savings & Loan Association of Elgin.
*Fairbury Federal Savings & Loan Association.
Flora Mutual Building Loan & Homestead Association.
American Building & Loan Association of Freeport.
Freeport Building & Loan Association.
Union Loan & Savings Association.
*Fidelity Federal Savings & Loan Association.
Provident Savings Association.
68
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location--Continued
ILLINOIs-continued
Location
Name
Galva --------------Galva Homestead and Loan Association.
Gibson City----------*Gibson FederalSavings & Loan Association.
Granite City----------Granite City Building & Loan Association.
Harvard------------*Harvard FederalSavings & Loan Association.
Harvey------------*Harvey Federal Savings & Loan Association.
Havana ------------Havana Building & Loan Association.
Henry --------------Henry Building Association.
Hinsdale ------------ *Hinsdale Federal Savings & Loan Association.
Homewood ----------- Homewood Building & Loan Association.
Jacksonville------ -Jacksonville Savings & Loan Association.
Joliet - ----------*_Joliet FederalSavings & Loan Association.
Kankakee---------_ *Kankakee Federal Savings & Loan Association.
Kewanee --------*Kewanee
*Federal Savings & Loan Association.
Do-----------* Union Federal Savings & Loan Association.
La Grange
*La Grange FederalSavings & Loan Association.
*-------La Harpe --------_La Harpe Loan & Building Association.
Lansing -----------*FirstFederal Savings & Loan Association of Lansing.
La Salle-----_______ Equitable Loan & Building Association.
Do ------------Eureka Building Association of La Salle.
Do --- --------Sobieski Building Association.
Lawrenceville---------*Lawrenceville Federal Savings & Loan Association.
Libertyville---------_ *Libertyville Federal Savings & Loan Association.
Lincoln -----------_
Lincoln Savings & Loan Association.
Lockport ----------Lockport Loan & Homestead Association.
Lombard ------------Lombard Building & Loan Association of Du Page
County.
Lyons_ ------------Lyons Loan & Building Association.
Mackinaw_ ----------Mackinaw Building Loan & Homestead Association.
Macomb ------------Macomb Building & Loan Association.
Madison_
_____
*Madison County FederalSavings & Loan Association.
Mar---*Marengo Federal Savings & Loan Association.
Martinsville ----__
Martinsville Loan & Building Association.
*FirstFederal Savings & Loan Association of Mattoon.
Mattoon----------Do -----------*Mattoon Federal Savings & Loan Association.
Mendota_ -----------Mendota Building & Loan Association.
Minonk ------------ _ Minonk Building & Loan Association.
Moline -------------*First Federal Savings & Loan Association of Moline.
Momence----------_ *Momence FederalSavings & Loan Association.
MonmMonmou---------Monmouth Homestead and Loan Association.
Do------*Security Federal Savings & Loan Association of Mon
mouth.
Monticello -----------Piatt County Loan Association.
Morris --------------Morris Building & Loan Association.
Morrisonville --_---Morrisonville Building & Loan Association.
Mount City----------Mound City Building & Loan Association.
Mount Carmel-------American Building & Loan Association.
Do ------------- *Columbian Federal Savings & Loan Association.
Mount Morris--------Mount Morris Building & Loan Association.
Mount Vernon -----_
*King City Federal Savings & Loan Association.
Do-----------Mount Vernon Loan & Building Association.
Do -------------The Royal Loan & Building Co.
Moweaqua -----------Moweaqua Building & Loan Association.
Naperville-----------The Naperville Building & Loan Association.
The Trust Building & Loan Association of Nashville.
Nashville ----------The Jasper County National Loan & Building Asso
Newton -------------ciation of Newton.
Village of Niles Building & Loan Association.
Niles- ------ _-----Nokomis Building Association.
Nokomis----------NormalCitizens Savings Loan & Building Association.
North Chicago-------- North Chicago Building & Loan Association.
North Shore Building & Loan Association.
Do --------------
ANNUAL
REPORT OF FEDERAL HOME LOAN BANK BOARD
69
Member institutions of the7FederalfHome Loan Bank System as of June 30, 1937,
by States and location-Continued
ILLINOIS-continued
Location
Oak Park------
Do_-O'Fallon ------
Ottawa_----Do_Do-----
Palestine -------Paris _------Do_--Park Ridge --Pawnee ----------Peoria---Do------------Do-----Do
Do-------------Peru _------Petersburg--
Quincy----------Do-.-_-------Do
Do
Red Bud-----Riverside ----Robinson. ----Rockford_---------Do----Rock Island------Do ----Roodhouse----St. Charles----Savanna--------Shelbyville
Sparta_------------
--
Do -----
Springfield--------Do--------Do
Do
Do------------Do---------Do----------Do---------Do----------Sterling------------_
Streator------
Do---------Do_--------
Sycamore-------Taylorville-----------Tuscola
Urbana----------Do----------Do_
Do------------
Villa Park-
--
Virginia ------------Washington
Waterloo ----------
Name
Community Building & Loan Association of Oak Park.
*Oak Park FederalSavings & Loan Association.
O'Fallon Building & Loan Association.
*FirstFederal Savings & Loan Association of Ottawa.
Home Building & Loan Association.
*Ottawa Federal Savings & Loan Association.
Peoples Building & Loan Association of Palestine.
Edgar County Building & Loan Association.
*First FederalSavings & Loan Association of Paris.
*Park Ridge Federal Savings & Loan Assoczation.
Pawnee Building & Loan Association.
Central City Loan & Homestead Association.
Citizens Building & Loan Association of Peoria.
Commercial Travelers Loan & Homestead Association.
Farmers Savings Loan & Homestead Association.
*Peoples Federal Savings & Loan Association of Peoria.
*Peru FederalSavings & Loan Association.
Menard County Building & Loan Association.
Gem City Building & Loan Association.
Home Building Society of Quincy.
Quincy-Peoples Building & Loan Association.
Red Bud Building & Loan Association.
Riverside Building Loan & Homestead Association.
Crawford Building & Loan Association.
*First Federal Savings & Loan Association of Rockford.
Rockford Savings & Loan Association.
*Black Hawk Federal Building & Loan Association.
Rock Island Mutual Building Loan & Savings Asso
ciation.
Roodhouse Home Association.
St. Charles Building & Loan Association.
Home Building & Loan Association of Savanna.
*FirstFederal Savings & Loan Association of Shelbyville.
*First FederalSavings & Loan Association of Sparta.
*SpartaFederal Savings & Loan Association.
Citizens Savings & Loan Association of Springfield.
*FirstFederal Savings & Loan Association of Springfield.
The Home Building & Loan Association of Springfield.
The Merchants & Mechanics Building & Loan Associa
tion of Springfield.
Sangamon Building & Loan Association.
*Security Federal Savings & Loan Association of Spring
field.
Springfield Building & Loan Association.
Springfield City Savings & Loan Association.
Workingmen's Savings & Homestead Association.
*Sterling Federal Savings & Loan Association.
*FirstFederal Savings & Loan Association of Streator.
Peoples Building & Loan Association of Streator.
*Streator Federal Savings & Loan Association.
Sycamore Building & Loan Association.
Home Building & Loan Association of Taylorville.
*FirstFederal Savings & Loan Association of Tuscola.
Citizens Building Association.
Commercial Building & Loan Association of Urbana.
Urbana Home Loan Association.
*Du Page Federal Savings & Loan Association of Villa
Park.
Virginia Building & Savings Association.
Building & Loan Association of Washington.
Waterloo Building & Loan Association.
70
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 30, 1987,
by States and location-Continued
ILLINOIS-continued
Location
Watseka.. --Do.----Waukegan__-Do----Waverly .
Wheaton-----Wilmette -----
Name
*Iroquois Federal Savings & Loan Association.
Watseka Building & Loan Association.
*FirstFederalSavings & Loan Association of Waukegan.
Lithuanian Building & Loan Association.
Waverly Building & Loan Association.
*Home Federal Savings & Loan Association of Wheaton.
*First FederalSavings & Loan Association of Wilmette.
INDIANA
Alexandria -_.-
Anderson_-S Do----
---
Angola_-----Auburn
Bargersville ---Bedford-----Batesville ----Bloomfield ---Bloomington ------Do-----Do-----Butler -----Cannelton ----Chesterton----Columbus_
---Connersville ----
Alexandria Building & Loan Association.
*Anderson Federal Savings & Loan Association.
Anderson Loan Association.
*FirstFederalSavings & Loan Association of Angola.
*Auburn FederalSavings & Loan Association.
*Bargersville Building & Loan Association.
*Bedford FederalSavings & Loan Association.
Citizens Savings & Loan Association.
*Farmers and Mechanics Federal Savings & Loan
Association.
*Bloomington National Savings & Loan Association.
*Mutual Federal Savings & Loan Association of Bloom
ington.
*Workingmen's FederalSavings & Loan Association.
*Peoples Savings & Loan Association of De Kalb
County.
*Citizens Building & Loan Association.
Chesterton Rural Loan & Savings Association.
Citizens Building & Loan Association.
*Fayette Federal Savings & Loan Association of Conners
ville.
Crawfordsville -Decatur-----Delphi_----East Chicago ------Do------
Do
Do-----Elwood----Evansville ----
Do.
---Do_---Do------Do-----------
Do------Do------------Do------------Do-------------Fort Branch_
Fort Wayne_
Do-----------Do.-----Frankfort ------Franklin -----Frankton. -----
Gary.....----Do.------..---.
Do.------......
Crawfordsville Building Loan Fund & Savings Associa
tion.
Decatur Savings & Loan Association.
Peoples Building & Loan Association.
*East Chicago FederalSavings & Loan Association.
*First Federal Savings & Loan Association of East
Chicago.
*Industrial Savings & Loan Association of Indiana
Harbor.
*Peoples Federal Savings & Loan Association.
*Elwood Federal Savings & Loan Association.
*Evansville Federal Savings & Loan Association.
*First Federal Savings & Loan Association of Evansville.
*Howell Building & Loan Association.
*Mid-West Federal Savings & Loan Association.
*North Side FederalSavings & Loan Association.
*Peoples Building & Loan Association.
Permanent Loan & Savings Association.
*Security Federal Savings & Loan Association of Evans
ville.
*Union Federal Savings & Loan Association of Evansville.
*Fort Branch FederalSavings & Loan Association.
*FirstFederalSavings & Loan Association of Fort Wayne.
Home Loan & Savings Association.
Prudential Building Loan & Savings Association.
*Citizens Building & Loan Association of Frankfort.
*Mutual Building & Loan Association.
*The Frankton Building & Loan Association.
*FirstFederal Savings & Loan Association of Gary.
*Gary Federal Savings & Loan Association.
*Steel City Federal Savings & Loan Association.
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
71
Member institutions of the Federal Home Loan Bank System as of June 80, 1987,
by States and location-Continued
INDIANA-continued
Name
Location
Goodland- ---Greenfield ----Greenwood ---Griffith ------Hammond --Do----------------Do
Do_---Do-----Hartford City -----Hobart-------Huntington ---Indianapolis ---Do-----Do
Do_----Do----
---
Do
Do_----Do
Do
------
Do
Do
Do-----Do-----Kendallville_ Kentland ----Kokomo-----Ladoga------Lafayette_----Lawrenceburg_--
-
__
Do_----Lebanon_-----
Logansport---_-
Do-------
Loogootee_--------Madison_ - --Do-----_ _--Marion
Do-----Martinsville
Michigan City .,.
Do
Mishawaka ---Do
Monon------Mooresville ---Muncie- - ---Do------Do_----New Albany_--
Do------Newcastle_ ---Do
Noblesville_--North Vernon....
----
*Newton County Loan & Savings Association of Indiana.
*Greenfield Building & Loan Association.
*First Federal Savings & Loan Association of Greenwood.
*Griffth Federal Savings & Loan Association.
*Calumet Building & Loan Association.
*Citizens Federal Savings & Loan Association.
*FirstFederal Savings & Loan Association of Hammond.
First Polish Building Loan & Savings Association of
*
Hammond.
*Peoples Federal Savings & Loan Association of Ham
mond.
Rural Loan & Savings Association.
*Hobart FederalSavings & Loan Association.
*Peoples Savings & Loan Association.
Arsenal Building & Loan Association.
*The Atkins Savings & Loan Association.
The Better Homes Savings & Loan Association.
*Celtic Federal Savings & Loan Association of Indian
apolis.
*Colonial Savings & Loan Association.
*Co-Operative FederalSavings & Loan Association.
*First Federal Savings & Loan Association of Indian
apolis.
Fletcher Avenue Savings & Loan Association.
Home Building & Loan Association.
Insurance Savings & Loan Association.
*Railroadmen's Federal Savings & Loan Association of
Indianapolis.
*Shelby Street Federal Savings & Loan Association.
*Union Federal Savings & Loan Association.
Noble County Loan & Savings Association.
*Kentland Building & Loan Association.
*First Federal Savings & Loan Association of Kokomo.
*Ladoga Building Loan Fund & Savings Association.
*First Federal Savings & Loan Association of Lafayette.
*Perpetual Building Association.
*Progressive Building & Loan Association.
*Union Federal Savings & Loan Association.
*FirstFederal Savings & Loan Association of Logansport.
Logansport Building & Loan Association.
*Loogootee FederalSavings & Loan Association.
German Building & Aid Association No. 6.
Madison Building & Aid Association No. 8.
*First FederalSavings & Loan Assocation of Marion.
*Marion Building & Loan Association.
The Home Building Association.
Home Building & Loan Association.
*Michigan City Loan & Building Association.
*Mishawaka Building & Loan Association.
*Peoples FederalSavings & Loan Association.
Monon Building Loan & Savings Association.
*Mooresville FederalSavings & Loan Association.
*Guaranty Savings & Loan Association.
*Muncie Federal Savings & Loan Association.
Mutual Home & Savings Association.
*FirstFederalSavings & Loan Association of New Albany.
*Union Savings Association of New Albany.
*Citizens Building & Loan Association.
*Henry County Building & Loan Association.
Indiana Loan Association of Noblesville.
North Vernon Building & Savings Association.
72
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location-Continued
INDIANA-continued
Location
Oakland City -_ ..-..
.
Do------
Peru---------
Name
*Oakland City Federal Savings & Loan Association.
*Peoples State Building & Loan Association of Oakland
City.
*FirstFederal Savings & Loan Association of Peru.
S
*-Peru Federal Savings & Loan Association.
Marshall County Building & Loan Association.
Do----
Plymouth_--
Federal Savings & Loan Association of Princeton.
*Gibson County Perpetual Building & Loan Association.
Princeton_--Do
Do
S*First
-
ton.
Rensselaer Building Loan & Savings Association.
Rensselaer_-
*--First Federal Savings & Loan Association of Richmond.
*The Peoples Home & Savings Association.
Richmond - Do-----Do-----Rushville --
*West End Building & Loan Association of Richmond.
*First Federal Savings & Loan Association of Rushville.
--- St. Bernice Building Loan & Savings Association.
St. Bernice_Scottsburg-----
Scottsburg Building & Loan Association.
Home Savings & Loan Association.
Seymour_--
Shelbyville -Do---
South Bend_
Do-----Do-----Do
Do
*_First
Federal Savings & Loan Association of Shelbyville.
*The Union Building Association.
_ *FirstFederalSavings & Loan Association of South Bend.
-
-
Do----Do_
Do Do
--.
Do
DoDo
Do -- Do-Tipton-----Valparaiso _
Vincennes
Do
*Industrial Savings & Loan Association of South Bend.
*--Sobieski Federal Savings & Loan Association of South/
Bend.
S *South Bend Federal Savings & Loan Association.
-
*.Tower Federal Savings & Loan Association of South
Bend.
*Owen County Savings & Loan Association.
*First Federal Savings & Loan Association of Sullivan.
*Peoples Building & Loan Association of Tell City.
Spencer_
Sullivan_----Tell City--Do---Terre Haute _
Do---
*.Peoples Building Loan & Savings Association of Prince
*--Tell
City FederalSavings & Loan Association.
-
*Central FederalSavings & Loan Association.
*Citizens Savings & Loan Association.
Fort Harrison Savings Association.
_-
*Indiana Savings Loan & Building Association.
S
Do_
Wabash
Warsaw
Washington_
Do
Do
-West Lafayette_ __--_
Whiting
Williamsport Zionsville ___
*Merchants Loan & Savings Association.
*Phoenix Building Loan & Savings Association.
*Terre Haute Mutual Savings Association.
*Twelve Points Savings & Loan Association.
S*Vigo County Loan & Savings Association.
S*Wabash Federal Savings & Loan Association.
*First Federal Savings & Loan Association of Tipton.
*FirstFederal Savings & Loan Association of Valparaiso.
*First Federal Savings & Loan Association of Vincennes.
*-North
Side Federal Savings & Loan Association of
Vincennes.
*Vincennes Savings & Loan Association.
*The Home Loan & Savings Association.
Warsaw Building Loan & Savings Association.
*FirstFederalSavings & Loan Association of Washington.
*Home Building & Loan Association.
*The Industrial Savings & Loan Association.
*Purdue Building & Loan Association.
*__Liberty Savings & Loan Association of Whiting.
*Warren County Federal Savings & Loan Association.
*Zionsville Building & Loan Association.
IOWA
Algona,------Ames---------Atlantic----------Burlington-....-..
*Algona Federal Savings & Loan Association.
*Ames Building & Loan Association.
*Atlantic FederalSavings & Loan Association.
*Burlington Federal Savings & Loan Association.
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
73
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location-Continued
IOWA-continued
Location
Carroll ---
Name
--
Cedar Falls_Do-------Cedar Rapids Do
Do
Clarion------Clear Lake
Clinton----_
Creston_-Davenport ------_
Do_--Decorah----Denison_--Des Moines- Do_--Do_-Do---Do_-Do--Do
Do
Dubuque---Estherville-. -Fairfield-----Grinnel
-Harlan _ _
Independence --Iowa City--Iowa Falls----Jefferson_-_
Le Mars_--Marshalltown -Mason City_--
- --
Do_-McGregor _----Nevada
Newton_Oelwein __----_
Oskaloosa------Ottumwa- _--Do_--Perry-----Red Oak_--Rock Rapids-_
Shenandoah- -Sioux City--Do--------Spencer------Storm Lake_
Washington - Waterloo ----Webster City ----
-__
*United Savings & Loan Association.
Cedar Falls Building Lqan & Savings Association.
Cedar Valley Building & Loan Association.
-The Bohemian Savings & Loan Association.
Cedar Rapids Building & Loan Association.
Perpetual Savings & Loan Association.
*Wright County Federal Savings & Loan Association of
Clarion.
* Clear Lake Federal Savings & Loan Association.
Clinton Home Savings & Loan Association.
- *First Federal Savings & Loan Association of Creston.
*Citizens Federal Savings & Loan Association of Daven
*port.
- *First Federal Savings & Loan Association of Davenport.
Decorah Building & Loan Association.
- *Denison Federal Savzngs & Loan Association.
Des Moines Building-Loan & Savings Association.
* First FederalSavings & Loan Association of Des Moines.
- *Home Savings & Loan Association.
S*Insurance Plan Savings & Loan Association.
Iowa Building Loan & Savings Association.
* Polk County Federal Savings & Loan Association of Des
Moines.
State Building Loan & Savings Association.
*-United Federal Savings & Loan Association of Des
Moines.
Dubuque Building & Loan Association.
*Estherville Federal Savings & Loan Association.
Jefferson County Building & Loan Association.
*Grinnel Federal Savings & Loan Association.
* Harlan Federal Savings & Loan Association.
*Independence Federal Savings & Loan Association.
*-First FederalSavings & Loan Association of Iowa City.
- *Iowa Falls Federal Savings & Loan Association.
*Jefferson Federal Savings & Loan Association.
*-Le Mars Federal Savings & Loan Association.
- The Marshalltown Savings & Loan Association.
*Mutual Federal Savings & Loan Association of Mason
City.
*Pioneer Federal Savings & Loan Association.
*Interstate Federal Savings & Loan Association of
McGregor.
* Nevada Federal Savings & Loan Association.
Newton Home Savings & Loan Association.
*Oelwein Federal Savings & Loan Association.
Oskaloosa Home Loan & Savings Association.
*Ottumwa FederalSavings & Loan Association.
Peoples Building & Savings Association.
*Perry Federal Savings & Loan Association.
Red Oak Building & Loan Association.
*First Federal Savings & Loan Association of Rock
Rapids.
Home Building & Loan Association.
* First Federal Savings & Loan Association of Sioux City.
SHome Building Loan & Savings Association.
* Northwest Federal Savings & Loan Association of
Spencer.
Storm Lake Savings & Loan Association.
*Washington Federal Savings & Loan Association.
-Waterloo Building & Loan Assopiation.
*-*Webster City Federal Savings & Loan Association,
74
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 30, 1987,
by States and location-Continued
KANSAS
Location
Name
*The Dickinson County Building & Loan Association.
The Arkansas City Savings Building & Loan Associa
tion.
Do-------------The Home Building & Loan Association of Arkansas
City.
Atchison ------------- The Commerce Building Loan & Savings Association
of Atchison.
Augusta------------*First Federal Savings & Loan Association of Butler
County.
Belleville ------------ The Belleville Building & Loan Association.
*First FederalSavings & Loan Association of Beloit.
Beloit-------------Bonner Springs-------Bonner Springs Building & Loan Association.
Chanute Building & Loan Association.
Chanute ----------Northwestern Federal Savings & Loan Association of
Clay Center---------Clay Center.
Coffeyville------------Coffeyville Savings & Loan Association.
Do-------------- *First FederalSavings & Loan Association of Coffeyville.
Colby --------------The Home Savings Building & Loan Association of
Colby.
*Concordia Building & Loan Association.
Concordia ---------Council Grove-------Morris County Savings & Loan Association.
Dodge City-----------The Dodge City Savings & Loan Association.
Do------------Ford County Building & Loan Association of Dodge
City.
El Dorado----------*Mid-Continent Federal Savings & Loan Association of
El Dorado.
Ellis---------------- *The Golden Belt Savings & Loan Association of Ellis.
Emporia
-------The Columbia Building & Loan Association.
Do -he Emporia Building &-Loan Association.
T----------Do--------------The Lyon County Building & Loan Association.
Do_
The Mutual Building & Loan Association.
Eureka -----------*Eureka Building & Loan Association.
Garden City--------Garden City Building & Loan Association.
Garnett---------*Garnett Savings & Loan Association.
Goodland -----------The Goodland Building & Loan Association.
---Prudential Building & Loan Association.
Great Bend
Hays-----_--------- *The Hays Building & Loan Association.
Do ------------*Hays Federal Savings & Loan Association.
Herington ---------Savings, Building & Loan Association.
Hiawatha ----------*The Hiawatha Savings & Loan Association.
Hoisington-----------* Hoisington FederalSavings & Loan Association.
Holton ----------The Holton Building & Loan Association.
Horton ------------_
*Horton Building & Loan Association.
Hutchinson- -----*-First Federal Savings & Loan Association
The Hutchinson Building & Loan Association.
Do -------------*Salt City FederalSavings & Loan Association.
Do-- __-- -Do
------ *Valley Federal Savings & Loan Association of Hutchin
son.
Independence----*Independence Building & Loan Association.
Iola ---------------*The Security Building & Loan Association.
Junction City--------- The Citizens Building & Loan Association.
Kansas City----------American Building & Loan Association.
Anchor Building Savings & Loan Association.
Do-- ----------Do -----------*The Argentine Building & Loan Association.
Do ------------The Citizens Savings & Loan Association.
Do-----------*-First Federal Savings & Loan Association of Kansas
City.
Do------------Gibraltar Building Loan & Savings Association.
Do--------------The Kansas Building & Loan Association.
Do-----------The Progressive Building & Loan Association.
Abilene ------------Arkansas City -------
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
75
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location--Continued
KANSAS-continued
Location
Kansas City_--Kingman_---Kinsley -----Larned_- ----Lawrence--_---Do-----Liberal ------Do----Lyons- ------ _
Manhattan ---Manhattan City .---Marysville ------McPherson -----Medicine Lodge ----Norton -----Oberlin ------Olathe-Do------------Osawatomie ---Osborne------------Ottawa------Paola------Parsons--------Do-------Pittsburg --------Pleasanton
Pratt------------Do----------Russell---------Sabetha_-----St. Francis----Salina- ----------Do_--------Do--------Seneca------------Sterling----------Tonganozie ---Topeka--------Do.-----Do ---Do ----------Do
Do
Wakeeney----Wellington----Do_---Wichita------------Do
Do
Do
Do
Do
Do
Do
Winfield_--Do--------
Name
The Provident Building Loan & Savings Association of
Kansas City.
The Kingman Building Savings & Loan Association.
*Kinsley Building & Loan Association.
Larned Building Loan & Savings Association.
*Douglas County Building & Loan Association.
Lawrence Building & Loan Association.
*First FederalSavings & Loan Association of Liberal.
Liberal Building & Loan Association.
*Lyons Building & Loan Association.
The Manhattan Building Loan & Savings Association.
Union Building Loan & Savings Association.
The Peoples Building & Loan Association.
Pioneer Savings & Loan Association.
Barber County Building & Loan Association.
The Norton County Building & Loan Association.
The Reserve Building & Loan Association.
*FirstFederal Savings & Loan Association of Olathe.
Johnson County Savings & Loan Association.
*Consolidated Building & Loan Association.
*The Osborne County Building & Loan Association.
*The Home Savings & Loan Association.
The Home Savings & Loan Association.
*FirstFederal Savings & Loan Association of Parsons.
*Peoples Building & Loan Association.
*First Federal Savings & Loan Association of Pittsburg.
*The Linn County Savings & Rural Credit Association.
*FirstFederal Savings & Loan Association of Pratt.
The Wheat Belt Building & Loan Association.
*Russell County Building & Loan Association.
The Sebetha Savings & Loan Association.
*Cheyenne County Building & Loan Association.
*The Homestead Building & Loan Association.
The Safety Savings & Loan Association.
The Security Savings & Loan Association.
The Nemaha Building & Loan Association.
Peoples Savings & Rural Credit Association.
The Tonganozie Building & Loan Association.
*The Aetna Building & Loan Association.
Capital Building & Loan Association.
*First FederalSavings & Loan Association of Topeka.
The Shawnee Building & Loan Association.
*The State Savings & Loan Association.
*The Topeka Building & Loan Association.
*First Federal Savings & Loan Association of FWakeeney.
*First Federal Savings & Loan Association of Sumner
County.
The Sumner County Building & Loan Association.
*The Citizens Building & Loan Association.
*The Commercial Savings & Loan Association.
*First Federal Savings & Loan Association of Wichita.
Mid Kansas Federal Savings & Loan Association of
Wichita.
National Savings & Loan Association.
The Southwest Building & Loan Association.
The United Building & Loan Association.
*Wichita Federal Savings & Loan Association.
Walnut Valley Building & Loan Association.
Winfield Building & Loan Association.
76
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location--Continued
KENTUCKY
Location
Name
Ashland -----Do_----------Do_
Bellevue_----Bowling Green -----Carrollton ----Catlettsburg ---Do------Central City----Covington -
---------
Do-----Do-----Do
Do-------------
Do----
-----Do
Do--------Do------Do-----Do-----Do-----Do-----Do_---Do---Do_--Do----------Do
Do_---Do
-----Do
Dayton_
,Elizabethtown
--Erlanger --Do,----Florence--Fulton
- -
Glasgow-------------Hartford---Hazard_--Henderson - --Hickman _- --- _
--Hodgenville_
Hopkinsville ---Lexington -_
Do-----Do-----London----Louisa -----Louisville -----Do_---Do----------Do
Do-
.
The Ashland Loan & Building Association.
*First Federal Savings & Loan Association of Ashland.
The Home & Savings Building Association.
Union Building Association.
*First Federal Savings & Loan Association of Bowling
Green.
*Carrollton FederalSavings & Loan Association.
The Catlettsburg Building Loan & Savings Association.
*Catlettsburg FederalSavings & Loan Association.
*Central City Federal Savings & Loan Association.
*Acme Federal Savings & Loan Association of Covington.
The Centennial Perpetual Building & Loan Association
of Covington.
*Citizens Federal Savings & Loan Association of Coving
ton.
*Columbia Federal Savings & Loan Association of Coving
ton.
The Commonwealth Perpetual Building & Loan Asso
ciation of Covington.
Covington Building Association.
Fifth District Building Association.
*First Federal Savings & Loan Association of Covington.
Forest Hill Building & Loan Association.
General Building Association.
*JentuckyFederalSavings & Loan Association.
Lewisburg Building Association No. 3.
Liberty Building Association.
Madison Avenue Building Association.
Permanent Building & Loan Association of Covington.
Rosedale Building & Loan Association.
*Second Federal Savings & Loan Association of Coving
ton.
South End Building Association.
*Star Permanent Building Association.
*Suburban Perpetual Building & Loan Association.
Union Perpetual Building & Loan Association.
The Day-Bell Savings Loan & Building Association.
*Elizabethtown Building & Loan Association.
Elsmere Building & Loan Association.
Erlanger Perpetual Building & Loan Association.
Florence Building & Loan Association.
*Fulton Building & Loan Association.
*First Federal Savings & Loan Association of Glasgow.
*Ohio County Federal Savings & Loan Association of
Hartford.
Hazard Federal Savings & Loan Association.
Henderson Building & Loan Association.
*Hickman Federal Savings & Loan Association.
LaRue Federal Savings & Loan Association of Hodgen
ville.
*First Federal Savings & Loan Association of Hopkins
ville.
*FirstFederal Savings & Loan Association of Lexington.
*Lexington FederalSavings & Loan Association.
Peoples Savings Fund & Building Association.
*London Federal Savings & Loan Association London.
Big Sandy Building Association.
Avery Building Association.
*Greater Louisvzlle First Federal Savings & Loan Asso
ciation.
*Jefferson Federal Savings & Loan Association.
Lincoln Building & Loan Association.
*Louisville Home Federal Savings & Loan Association.
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
77
Member institutions of the Federal Home Loan Bank System as of JuneS3O, 1937,
by States and location-Continued
KENTUCKY-continued
Location
Name
Louisville------------
*PortlandFederal Savings & Loan Association of Louis
ville.
*South End Federal Savings & Loan Association of
Louisville.
The Young Men's Building & Loan Association.
*Middlesboro Federal Savings & Loan Association.
*Morehead Federal Savings & Loan Association.
American Loan & Building Association.
Do------------Mayfield ---------Middlesboro-----Morehead-----Newport-------Do---------Do----Do --
*Clifton Federal Savings & Loan Association of Newport.
*Clifton-Southgate Federal Savings & Loan Association
of Newport.
*Daylight FederalSavings & Loan Association of Newport.
- - --
DoDo-----
-
Do-----------Do --
Do
*FavoriteFederalSavings & Loan Association of Newport.
*---Fidelity Building Savings & Loan Association of New
port.
The Home Loan & Building Association.
The Ideal Savings Loan & Building Association.
*Kentucky Enterprise Federal Savings & Loan Associa
tion of Newport.
Do*Licking Valley Federal Savings & Loan Association of
Newport.
Do*------------ *Monmouth Street Federal Savings & Loan Association
of Newport.
Do----------National Loan & Building Association No. 1.
--.
Do-----------Do-----------
The Newport Building & Loan Association No. 1.
Pioneer Building Association.
Do------------Do ------------
Progressive Loan & Building Association of Newport.
The 6th Ward Loan & Building Association.
Do--------Do--------------
*Standard Savings Building & Loan Association.
Workingmen's Loan & Building Association.
Nicholasville------Jessamine County Building & Loan Association.
Owensboro----------- *Owensboro Federal Savings & Loan Association.
Paducah-------*First Federal Savings & Loan Association of Paducah.
Do _----------- National Savings & Building Association.
Paintsville----------- *Big Sandy Federal Savings & Loan Association of
Paintsville.
Paris
------------
The Bourbon Building & Loan Association of Paris.
Pineville-------------
*First Federal Savings & Loan Association of Pineville.
Princeton-----------
*PrincetonFederal Savings & Loan Association.
Providence----------- *Providence Federal Savings & Loan Association.
Richmond---------- *FirstFederal Savings & Loan Association of Richmond.
--------------- The Russell Building & Loan Association.
Russell_
Russellville-----------*First Federal Savings & Loan Association of Russell
ville.
Shively
---------------
Ohio Valley Building & Loan Association.
Somerset-------------
*Somerset Federal Savings & Loan Association.
Stanford------------
*Lincoln County Federal Savings & Loan Association of
Versailles------------Winchester_
Stanford.
Woodford County Building & Loan Association.
*Winchester Federal Savings & Loan Association.
LOUISIANA
Alexandria---------Do --------
Home Building & Loan Association.
Rapides Building & Loan Association.
Bastrop Federal Savings & Loan Association.
Bastrop ------------Baton Rouge--------- *Baton Rouge Building & Loan Association.
Do------------- *The Capital Building & Loan Association.
Do----Do -----------Covington----------Franklin--43246-38-----6
*Citizens Building & Loan Association.
* Union Federal Savings & Loan Association.
*St. Tammany Homestead Association.
*Teche Federal Savings & Loan Association.
78
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location-Continued
Location
LOUISIANA-continued
Name
*Florida Parishes Homestead Association.
*HammondjBuilding & Loan Association.
*Community Homestead Association.
Jennings Federal Savings & Loan Association.
*Jonesboro FederalSavings & Loan Association.
*Home Building & Loan Association.
*Lafayette Building Association.
*Calcasieu Building & Loan Association.
*North Louisiana FederalSavings & Loan Association of
Lake Providence.
Mansfield ------------ *De Soto Federal Savings & Loan Association of Mans
field.
Minden ___--------- *Minden Building & Loan Association.
Monroe ------------- *First Federal Savings & Loan Association of Monroe.
Natchitoches--------*First Federal Savings & Loan Association of Natchi
toches.
Do
*Progressive
*--------- Mutual Building & Loan Association.
New Iberia --------- *Iberia Building Association.
New Orleans -------- * Acme Homestead Association.
Do------------- *Algiers Homestead Association.
Do-------------*American Homestead Co.
Do ------------- *Canal Savings & Homestead Association.
*Carrollton Homestead Association.
Do----------Do ------------ *Central Homestead Association.
Do- ---------Citizens Homestead Association.
Do------------ *Commonwealth Homestead Association.
Do ------------- *Continental Building & Loan Association.
Do
*-----------Crescent City Building & Homestead Association.
Do------------- *Dixie Homestead Association.
Do ------------- *Dryades Building & Loan Association.
Do ------------ *Equitable Homestead Association.
Do------------ *Eureka Homestead Society.
*The Fidelity Homestead Association.
Do -----------Do------------- *Fifth District Homestead Society.
Do-------------*French Market Homestead Association.
Do------------- *General Building & Loan Association.
Do ------------- *Globe Homestead Association.
Do--------------Greater New Orleans Homestead Association.
Do------------ *Guaranty Savings & Homestead Association.
Do------------ *Hibernia Homestead Association.
Do---------*Home Building & Loan Association.
*Home Seekers Building & Loan Association.
Do-----------Do ------------- *Ideal Savings & Homestead Association.
Do------------- *Italian Homestead Association.
*Jackson Homestead Association.
Do ---------Do------------ *Oak Homestead Association.
*Orleans Homestead Association.
Do-----------Do ------------- *Pelican Homestead Association.
Do--------*Peoples Homestead Association.
Do------------- *Security Building & Loan Association.
Do------------- *Sixth District Building & Loan Association.
Do---------*Suburban Building & Loan Association.
Do------------- *Third District Building Association.
*Union Homestead Association.
Do------------Do------------- *Washington Homestead Association.
-*St. Landry Homestead Association.
Opelousas ----Plaquemine ---------- *The Iberville Building & Loan Association.
Ponchatoula- --------- *Ponchatoula Homestead Association.
Ruston------------- *Ruston Building & Loan Association.
Hammond----------Do------------Houma-------------Jennings-- ----------Jonesboro ----------Lafayette -----------Do__---------Lake Charles--------Lake Providence------
Shreveport----------Do
---------Slidell ------------_
Winnfield-----------
*First FederalSavings & Loan Association of Shreveport.
*Home Federal Savings & Loan Association of Shreveport.
*Slidell Savings and Homestead Association.
*First Federal Savings & Loan Association of Winnfield.
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
79
Member institutions of the Federal Home Loan Bank System as of June 30, 1987,
by States and location-Continued
MAINE
Nane
Location
Auburn Loan & Building Association.
Augusta Loan & Building Association.
*FirstFederalSavings & Loan Association of Bath.
The Brunswick Loan &Building Association.
S*Calais Federal Savings & Loan Association.
*Aroostook County Federal Savings & Loan Association.
Auburn--Augusta--Bath-------
-_-__-
Brunswick
Calais ---Caribou -----
Dexter-----Ellsworth-Lewiston----Portland--Do--.----.
Do----
Dexter Loan & Building Association.
Ellsworth Loan & Building Association.
*First Federal Savings & Loan Association.
Casco Loan & Building Association.
Cumberland Loan & Building Association.
Deering Loan & Building Association.
Do_
Do_
Do_
Do_
Falmouth Loan & Building Association.
Federal Loan & Building Association of Portland.
Homestead Loan & Building Association.
Maine Loan & Building Association.
Richmond Loan & Building Association.
Do_
Richmond
Rockland--
_
Rockland Loan & Building Association.
S*Rumford Federal Savings & Loan Association.
Sanford Loan & Building Association.
*Kennebec FederalSavings & Loan Association of Water
ville.
Rumford
Sanford -Waterville -
Waterville Loan & Building Association.
Do
MARYLAND
The Enterprise Building & Loan Association of Annap
olis, Inc.
The Acme Savings & Building Association of Baltimore
City.
Alliance Building & Loan Association.
The Alta Building & Loan Association of Baltimore
City.
*_The
American National Building & Loan Association
of Baltimore City.
Annapolis-Baltimore Do---Do--Do
*_
Arlington FederalSavings & Loan Association.
Do_
Do-----Do---Do_
Do_
-
Do_
Do_.
Do_
Do
Do---
Bohemian American Building Association.
Do-----Do
Do------
Do---Do
Do
Do---Do ...
Do
* Arundel Federal Savings & Loan Association of Balti
more City.
Assurance Permanent Loan & Savings Association of
Baltimore City.
- *Augusta Building & Loan Association, Inc.
*AuroraFederal Savings & Loan Association of Baltimore
City.
S*Belair-Hopkins Federal Savings & Loan Association.
- *Belmar Permanent Building & Loan Association of
Baltimore City, Inc.
*Beverly Hills Building & Loan Association of Baltimore
City, Inc.
-
The Bohemian Building Loan & Savings Association
"Slavie" of Baltimore City.
*---Bradford FederalSavings & Loan Association.
Builders & Mechanics Permanent Building Association,
Inc.
Calverton Perpetual Building Savings & Loan Asso
ciation.
Cedar Building & Loan Association, Inc.
Chancery Building & Loan Association.
The Community Building Association.
Conway Street Building Association No. 1.
Cornerstone Building & Loan Association.
--- David Reus Permanent Loan & Savings Company of
Baltimore City.
80
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June SO, 1937,
by States and location-Continued
MARYLAND-continued
Location
-.
Baltimore- Do
Name
- S
Do
Do
Do
Do
Do_
Do_
Do_
Do_
Do_
Do_
Do
Do--Do
Do_
Do
Do_
Do_
Do_
Do _
Do _
S
Do_
Do_
Do
Do
Do-----Do
Do-----Do-----Do-----Do_
Do-----Do-----Do-----Do-----Do
Do-------
.
S
*Druid Hill Federal Savings & Loan Association of
Baltimore City.
*Druid Hill Perpetual Building Association of Baltimore
City.
East Avenue Building & Loan Association of Baltimore
City.
Edmondson-Payson Progressive Building Association.
Fairview Building & Loan Association.
Federal Monument Building & Savings Association of
Baltimore City.
Fidelity Permanent Building & Loan Association.
*First FederalSavings & Loan Association of Brooklyn.
The Franklin Sqqare Permanent Building & Loan As
sociation, Inc.
*-Fraternity FederalSavings & Loan Association.
Fullerton Permanent Loan Association of the Twelfth
District of Baltimore County.
*_
George Brehm Perpetual Building & Loan Association.
The Greek-American Building & Savings Association of
Baltimore City, Inc.
Harrison Building Association No. 10.
The Hearthstone Building & Loan Association of Balti
more City, Inc.
Hillen Building Association, Inc.
The Home Building Association of Brooklyn, Inc.
Homeland-Willow Building Association, Inc.
*-Homeseekers Federal Savings & Loan Association.
Homewood Savings & Loan Association.
*Hopkns Homestead FederalSavings & Loan Association.
Independent Patterson Park Permanent Loan & Build
ing Association.
*Irvington Federal Savings & Loan Association of Balti
more City.
Jackson Square Loan & Savings Association of Balti
more City.
Kenwood Building Loan & Savings Association.
The Lafayette Perpetual Building & Loan Association
of Baltimore City.
*-Leeds Federal Savings & Loan Association.
Lincoln Highway Permanent Building & Loan Associ
ation, Inc.
Linwood Building & Loan Association.
*Lithuanian Federal Savings & Loan Association of
Baltimore City.
*Loyola Federal Savings & Loan Association.
Madison Square Permanent Building Association.
Maryland Building & Loan Association of Baltimore
City.
The Mayflower Savings & Loan Association.
*McKim's Hill Federal Savings & Loan Association of
Baltimore City.
Monroe Permanent Building & Loan Association of
Baltimore City.
New Baltimore Loan & Savings Association of Balti
more City.
North Gay Street Permanent Building Association No.
1 of Baltimore City.
*-Occident
Federal Savings & Loan Association of Balti
more City.
ANNUAL REPORT OF FEDERAL HOME- LOAN BANK BOARD
81
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location--Continued
MARYLAND-continued
Locatiol n
Baltimore- -
Name
Peabody Heights Building & Loan Association.
Do-Pearl Street Perpetual Savings & Building Association.
- *----Pennsylvania Avenue Federal Savings & Loan Associa
Do-tion.
Plaza Permanent Building & Loan Association of Balti
Do-more City.
*Premier Building Association of Baltimore City.
Do----- -------SPreston
Permanent Building & Loan Association of
Do----Baltimore City.
Progress Building Association.
Do-------- Progressive Building Association.
Do----Purity Building Association.
Do----The Pyramid Building & Loan Association of Balti
Do----more.
The Royal Oak Perpetual Building Association of Bal
Do---timore City.
The Safety Perpetual Building & Loan Association of
Do---Baltimore City.
---Samuel Ready Building Association.
Do-,- -Security
Perpetual Building & Loan Association.
Do---Shamrock Building & Loan Association.
Do-----The
Do---State Mutual Building Association of Baltimore
City.
---Sterling Federal Savings & Loan Association.
Do------Sun Building & Loan Association.
Do------ Title Permanent Building & Loan Association.
Do-------Tuscan Permanent Building & Loan Association, Inc.
Do----Do------ -Union
Square Building Association, Inc.
Utility Savings & Loan Association.
Do-----------*Venable Building & Savings Association.
Do-------The Vermont Building & Loan Association, Inc.
Do----Walbrook Park Permanent Building & Loan Associa
Do---tion of Baltimore City.
SThe
Do----Waldorf Savings & Loan Association of Baltimore.
S
West Baltimore Building Association of Baltimore
Do
City.
- William Street Permanent Loan & Savings Associa
Do
tion No. 2.
Do----- Woodlawn Heights Building & Loan Association.
Do_Wyman Park Building Association of Baltimore City,
Inc.
SChevy Chase Building & Loan Association.
Chevy Chase
Cumberland- -----*FirstFederalSavings & Loan Association of Cumberland.
Glen Burnie _-_---_
*United Federal Savings & Loan Association of Glen
Burnie.
The Glyndon Permanent Building Association of
Glyndon-__Baltimore County.
Havre de Grace ------City Building & Loan Association of Harford County.
- - Hyattsville Building Association of Hyattsville.
Hyattsville-Pikesville Building & Loan Association of Baltimore
Pikesville_ __
County.
Rosedale
.------*Rosedale Federal Savings & Loan Association.
.- __-_- *Citizens Building & Loan Association of Montgomery
Silver Spring
County.
Do---- The Suburban District Building Association, Inc.
-------- Northwestern Savings & Loan Association.
Takoma Park
Towson----- .------- *First Federal Savings & Loan Association of Towson.
Prince Georges' County Suburban Home Building
Upper Marlbolro------Association, Inc.
82
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 80, 1987,
by States and location-Continued
MASSACHUSETTS
Location
Arlington- ----Avon_------Boston_-----------Do
Do
Do
Do----------Do
Do
Do
Do
Do
Do
Do
Do----------Do
Do
Do
Do
Do---------Do----------Do----------Do----------Do
Do---------
Do-----Do----Do----------Brockton---------Do-----------Brookline
Do------------
Cambridge---
Do----------Do-----------Do----
Chicopee-
--
Cohasset-
---
-Concord _
Dedham----------Dorchester----------Fitchburg
Foxborough -----Framingham ------Greenfield
Holyoke-------------
Do----------Hyannis----------Hyde Park
Ipswich
Lawrence---------Do-----Do------------Leominster_--- __
Lexington--------
Lowell-------------
Name
Arlington Cooperative Bank of Arlington.
Avon Cooperative Bank.
Boston Cooperative Bank.
Brighton Cooperative Bank.
Codman Cooperative Bank.
Congress Cooperative Bank.
Federal Cooperative Bank.
*FirstFederalSavings & Loan Association of Boston.
Forest Hills Cooperative Bank.
Guardian Cooperative Bank.
*Harvard Federal Savings & Loan Association of Dor
chester.
Home Owners' Cooperative Bank.
Homestead Cooperative Bank.
Mattapan Cooperative Bank.
Meeting House Hill Cooperative Bank.
Merchants Cooperative Bank.
Metropolitan Cooperative Bank.
The North Dorchester Cooperative Bank.
*Peoples Federal Savings & Loan Association.
Pioneer Cooperative Bank.
Provident Institution for Savings.
*Second Federal Savings & Loan Association of Boston.
*Suffolk Cooperative Federal Savings & Loan Associa
tion of Boston.
Telephone Worker's Cooperative Bank.
Trimount Cooperative Bank.
* Union Federal Savings & Loan Association of Boston.
Uphams Corner Cooperative Bank.
West Roxbury Cooperative Bank.
Workingmen's Cooperative Bank.
*Montello Federal Savings & Loan Association of Brock
ton.
*Security Federal Savings & Loan Association of Brock
ton.
Brookline Cooperative Bank.
*Brookline Federal Savings & Loan Association.
Cambridge Cooperative Bank.
*Cambridge FederalSavings & Loan Association.
Central Square Cooperative Bank.
Reliance Cooperative Bank.
Chicopee Cooperative Bank.
Pilgrim Cooperative Bank.
Concord Cooperative Bank.
Dedham Cooperative Bank.
*Edward Everett Federal Savings & Loan Association.
Fidelity Cooperative Bank.
*Foxborough Cooperative Federal Savings & Loan Asso
ciation.
Framingham Cooperative Bank.
Greenfield Cooperative Bank.
City Cooperative Bank.
Holyoke Cooperative Bank.
Hyannis Cooperative Bank.
Hyde Park Cooperative Bank.
Ipswich Cooperative Bank.
Atlantic Cooperative Bank.
Lawrence Cooperative Bank.
The Merrimack Cooperative Bank.
*Leominster Federal Savings & Loan Association.
Lexington Cooperative Bank.
Middlesex Cooperative Bank.
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
83
Member institutions of the FederalSHome Loan Bank System as of June 30, 1987,
by States and location-Continued
MASSACHUSETTS-Continued
Location
Name
Maiden -.-----------
Maiden Cooperative Bank.
Medfield ..----------
Medfield Cooperative Bank.
Medford--- --------- Hillside Cooperative Bank of Medford.
Middleborough Cooperative Bank.
Middleborough ------Milford- ------------ Milford Cooperative Bank.
Millbury-------------Millbury Cooperative Bank.
Milton--------------Milton Cooperative Bank.
Natick- -----------*Natick Federal Savings & Loan Association.
Needham ------------ Needham Cooperative Bank.
Newtonville --------- Newton Cooperative Bank.
North Abington------- North Abington Cooperative Bank.
Northampton --------- Northampton Cooperative Bank.
Pittsfield ------------- The Pittsfield Cooperative Bank.
Do------------*Union Cooperative FederalSavings & Loan Association.
Plymouth Cooperative Bank.
_
Plymouth ----------Quincy Cooperative Bank.
Quincy- ------------Reading--------------Reading Cooperative Bank.
Revere Cooperative Bank of Revere.
Revere --------------Salem -------------- The Roger Conant Cooperative Bank.
Do--------------Salem Cooperative Bank.
Sandwich ------------- Sandwich Cooperative Bank.
Sharon- ------------ Sharon Cooperative Bank.
Somerville-----------*Middlesex FederalSavings & Loan Association.
Do--------------Somerville Cooperative Bank.
Do-------------*Winter Hill Cooperative Federal Savings & Loan Asso
ciation of Somerville.
Southbridge ------Southbridge Cooperative Bank.
Springfield ----------- Highland Cooperative Bank.
Do ------------- The Springfield Cooperative Bank.
Taunton------------- Mechanics' Cooperative Bank.
Do ------------- Taunton Cooperative Bank.
Waltham- ----------- *Waltham Federal Savings & Loan Association.
Ware ---------------- Ware Cooperative Bank.
Watertown ------Watertown Cooperative Bank.
Waverly------------Waverly Cooperative Bank.
Webster Cooperative Bank.
Webster----- ----Westfield- ------------ Westfield Cooperative Bank.
West Roxbury -------_ Bellvue Cooperative Bank.
West Springfield------- West Springfield Cooperative.
Whitman ----------- *Mutual FederalSavings & Loan Association of Whitman.
Winchendon Cooperative Bank.
Winchendon ------Woburn-------------Woburn Cooperative Bank.
Wollaston----- - *-Wollaston Federal Savings & Loan Association.
Worcester ----------- *Independent Cooperative Federal Savings & Loan Asso
ciation of Worcester.
Do----------
Yarmouth Port----
Worcester Cooperative Federal Savings & Loan Associa
tion.
Cape Cod Cooperative Bank.
MICHIGAN
Adrian-------------- *Adrian Federal Savings & Loan Association.
Albion -------------Homestead Loan & Building Association.
Ann Arbor----------- Huron Valley Building & Savings Association.
Battle Creek--------- *Calhoun FederalSavings & Loan Association.
Do------------- *Industrial Savings & Loan Association of Battle Creek.
Bay City- ----------- Mutual Building & Loan Association.
Benton Harbor-------- Peoples Savings Association.
Birmingham----_
*Birmingham FederalSavings & Loan Association.
Charlotte*------------Charlotte FederalSavings & Loan Association.
Coldwater----------- *Branch County Federal Savings & Loan Association.
84
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location-Continued
MICHIGAN-continued
Location
Dearborn-----Do------Detroit -----Do_- ---Do------Dowagiac_--East Lansing---Flint-----Grand Rapids ---
Do------
Hancock ----Hastings ----Holland-----Jackson------
Do-----Kalamazoo ---Do------_
Do
Lansing -----Do---------
Do----Ludington_---Midland -----Monroe ----Mount Clemens ----Muskegpn--------Niles-Owosso_----Plymouth-----Pontiac -----Royal Oak_--Saginaw -----Do------Sault Ste. Marie-----Sturgis _----Three Rivers----- --Wayne ---Wyandotte ----
Name
Dearborn Savings & Loan Association.
*First Federal Savings & Loan Association of Dearborn.
*FirstFederal Savings & Loan Association of Detroit.
National Loan & Investment Co.
Standard Savings & Loan Association.
Cooperative Building & Loan Association.
East Lansing Building & Loan Association.
*FirstFederal Savings & Loan Association of Flint.
*Grand Rapids Mutual Building & Loan Association.
*Mutual Home Federal Savings & Loan Association.
Detroit & Northern Michigan Building & Loan Asso
ciation.
Hastings Building & Loan Association.
Ottawa County Building & Loan Association of Holland.
*Ben Franklin Savings & Loan Association.
New Michigan Building & Loan Association.
Fidelity Building & Loan Association.
*FirstFederalSavings & Loan Association of Kalamazoo.
*Kalamazoo Building & Savings Association.
Capitol Savings & Loan Co.
Lansing Savings & Loan Association.
Union Building & Loan Association.
*Ludington Federal Savings & Loan Association.
*Midland Federal Savings & Loan Association.
*Peoples Savings & Loan Association.
*Mount Clemens Federal Savings & Loan Association.
*Muskegon Federal Savings & Loan Association.
*Niles Federal Savings & Loan Association.
*Owosso Federal Savings & Loan Association.
*Plymouth FederalSavings & Loan Association.
*Pontiac Federal Savings & Loan Association.
*Peoples Federal Savings & Loan Association of Royal
Oak.
Peoples Building & Loan Association.
Saginaw Building & Loan Association.
*Sault Ste. Marie Federal Savings & Loan Association.
Sturgis Building & Loan Association.
Three Rivers Building & Loan Association.
*Wayne County Federal Savings & Loan Association.
*Down River Federal Savings & Loan Association.
MINNESOTA
-----Albert Lea
--Alexandria-Austin _-___-----Bemidji_
Breckenridge ------Detroit Lakes ------Duluth-----Do-----East Grand Forks -- Fairmont ----Fergus Falls ----Hibbing --Hutchinson_---Lake City----Little Falls_---------Marshall
Albert Lea Building & Loan Association.
*Alexandria FederalSavings & Loan Association.
The Austin Building & Loan Association.
Bemidji Building & Loan Association.
*Breckenridge Federal Savings & Loan Association.
*Detroit Lakes Federal Savings & Loan Association.
*FirstFederal Savings & Loan Association of Duluth.
*St. Louis County Federal Savings & Loan Association.
*East Grand Forks Federal Savings & Loan Association
The Fairmont Building & Loan Association.
Fergus Falls Building & Loan Association.
*Hibbing Federal Savings & Loan Association.
*Hutchinson Federal Savings & Loan Association.
*Lake City FederalSavings & Loan Association.
*Little Falls Federal Savings & Loan Association.
Lyon County Building & Loan Association.
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD -
85
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location--Continued
Locatio
MINNESOTA-continued
Location
Minneapolis
-_------
Name
*First Federal Savings & Loan Association of Min
neapolis.
------- Hennepin Federal Savings & Loan Association of
Do..,
Minneapolis.
Do.
-------- *Home FederalSavings & Loan Association.
Do--------- *Mutual Federal Savings & Loan Association of Minne
apolis.
Do
-------- *Northwestern Federal Savings & Loan Association of
Minneapolis.
Do_
- *-Peoples Federal Savings & Loan Association of Minne
apolis.
Do_
------* Twin city Federal Savings & Loan Association.
Montevideo-_ --_---*Montevideo Building & Loan Association.
Moorhead -------- *Moorhead FederalSavings & Loan Association.
Owatonna
------- *Owatonna FederalSavings & Loan Association.
Do
------*Steel County Building & Loan Association.
Pipestone____
-- Pipestone Building & Loan Association.
Spring Valley_ ------_ *Home Federal Savings & Loan Association of Spring
Valley.
St. Cloud-- __-*Security Federal Savings & Loan Association.
St. Paul__ *-Ben Franklin Federal Savings & Loan Association.
Do -- __---- *First FederalSavings & Loan Association of St. Paul.
Do--- _--*Minnesota Federal Savings & Loan Association.
Do
-----*Northern Federal Savings & Loan Association.
Do
---- ___ *St. Paul Federal Savings & Loan Association.
Stillwater--- -------- *Washington Federal Savings & Loan Association of
Stillwater.
Thief River Fa ls------ *FirstFederalSavings & Loan Association of Thief River
Falls.
Wadena _-------- *Wadena Federal Savings & Loan Association.'
Waseca---- --- Waseca Savings & Loan Association.
Wells
- *--Wells FederalSavings & Loan Association.
Willmar
------- *Willmar FederalSavings & Loan Association.
Windom ---- _ ------- *Windom Federal Savings & Loan Association.
Worthington-_ -------- *Worthington Federal Savings & Loan Association.
MISSISSIPPI
Aberdeen-----------*First Federal Savings & Loan Association of Aberdeen.
Amory-------------Amory Federal Savings & Loan Association.
*---Panola County Federal Savings & Loan Association.
Batesville- -----Belzoni-- --------- _ *FirstFederal Savings & Loan Association of Belzoni.
Biloxi-______________ *FirstFederalSavings & Loan Association of Biloxi.
Canton-__
-- *First
*-----Federal Savings & Loan Association of Canton.
Clarksdale ---------*First Federal Savings & Loan Association of Clarksdale.
Cleveland_
*Cleveland Federal Savings & Loan Association.
Columbus-----*FirstFederal Savings & Loan Association of Columbus.
Corinth------*FirstFederal Savings & Loan Association of Corinth.
Greenville ------------ Washington County Building & Loan Association.
Gulfport-_
*Coast Federal Savings & Loan Association.
Hattiesburg ---------First FederalSavings & Loan Association of Hattiesbirg.
Jackson- _ _____
*First Federal Savings & Loan Association of Jackson.
Do--------------Lamar Life Insurance Co.
Kosciusko----------*Kosciusko Building & Loan Association.
Laurel- ------------- *Laurel Federal Savings & Loan Association.
Louisville_*Inter-City FederalSavings & Loan Association of Louis
ville.
McComb---------*First FederalSavings & Loan Associationof McComb.
1 Chartered as a Federal savings and loan association as of June 30, 1937, but not yet formally admitted
to membership in the Federal Home Loan Bank System as of that date.
86
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 80, 1987,
by States and location-Continued
MIssissIPPI-continued
Location
Name
Natchez------_----*Natchez Building & Loan Association.
Shaw- ---------*Delta Federal Savings & Loan Association of Shaw.
Starkville
-------*First FederalSavings & Loan Association of Starkville.
Tupelo-------------- *Community Federal Savings & Loan Association of
Tupelo.
Vicksburg _--
____
Mississippi Building & Loan Association of Vicksburg.
West Point--------
*Clay County Federal Savings & Loan Association of
West Point.
Winona ---------
Winona Building & Loan Association.
MISSOURI
Affton---
_ *_
Reliance Federal Savings & Loan Association of St.
Louis County.
Bonne Terre_
Brookfield -_
Bonne Terre Building & Loan Association.
Butler----Cameron --
-- - -
Campbell-_
Cape Girardealu------_
Carthage. _
*Brookfield FederalSavings & Loan Association.
*Butler Building & Loan Association,
*Cameron Building & Loan Association.
Campbell Building & Loan Association.
Surety Savings & Loan Association.
*__
Home Federal Savings & Loan Association of Carthage.
Do----- ---- _-_*The Jasper County Building & Loan Association.
Centralia--_---__ *Boone County Federal Savings & Loan Association of
Centralia.
Chillicothe
Clayton----Clinton--Columbia_--_
Dexter_
Farmington__
Do
------__
-------
*Chillicothe Federal Savings & Loan Association.
*Clayton Federal Savings & Loan Association of Clayton.
-__--_-
*St. Francois County Building & Loan Association.
___
_*Henry County Building & Loan Association.
- Boone National Savings & Loan Association.
- Dexter Savings & Loan Association.
*Ozarks FederalSavings & Loan Association.
Flat River_
Hannibal
Phoenix Mutual Building & Loan Association.
--
Do Hardin ----
Bluff City Mutual Savings & Loan Association.
George D. Clayton Building & Loan Association.
-- Home Building & Loan Association.
Independence -------- *Community Federal Savings & Loan Association of
Independence.
-- *Independence Savings & Loan Association.
Home Building & Loan Association.
Mutual Building & Loan Association.
Do
Jefferson City ------Do--Do --
Joplin___
----_
New Cole County Building & Loan Association.
- *JoplinFederalSavings & Loan Association.
Southwestern Building & Loan Association.
Do-----
Kansas City_
Do--
----
Do
--Do --Do------ _-----_
American Savings & Loan Association.
- Baltimore Avenue Building & Loan Association.
*-----Baltimore Avenue Federal Savings & Loan Association
of Kansas City.
Bankers Savings & Loan Association.
*Blue Valley Federal Savings & Loan Association of
Kansas City.
-------
*Central Federal Savings & Loan Association of Kansas
------ _
*FirstFederalSavings & Loan Association of Kansas City.
First Mortgage Savings & Loan Association.
City.
Do
Do
Do-----
S-----
Gateway Savings & Loan Association.
Guardian Savings & Loan Association.
K-ansas City Building & Loan Association.
-----*Metropolitan Savings & Loan Association.
Valley Savings & Loan Association.
-Missouri
Do
Public Service Co.'s Savings & Loan Association.
Do_
Do----*-----Rockhill Federal Savings & Loan Association of Kansas
City.
Do_
Do__
Do
ANNUAL
REPORT OF FEDERAL HOME LOAN BANK BOARD
87
Member institutions of the Federal Home Loan Bank System as of June 80, 1937,
by States and location-Continued
MISSOURI-continued
Name
*Safety Federal Savings & Loan Association of Kansas
Location
Kansas City------Do..----------Do
Do
Do
Do
------_------------
Do-Do
Kirksville-----Kirkwood ----Lebanon
--------
Lee's Summit------Liberty
Do
Lilbourn----------Macon---_-Moberly-__--------Monett
Mount Vernon ----- __
Nevada ----Norborne-----Overland--------Pine Lawn_---Raytown ----Richmond -----
St. Joseph
-----
Do------
-
St. Louis _---------Do-------
Do ---Do
-Do_----Do-----Do------
Do_-Do-----Do_----Do_---Do.-----Do----
Do-----Do_- --Do-Do-----Do--Do-----Do-----Do_----Do-----Do_
-
City.
Santa Fe Savings & Loan Association.
*Sentinel Federal Savings & Loan Association of Kansas
City.
*South Side Federal Savings & Loan Association of
Kansas City.
*StandardFederal Savings & Loan Association of Kansas
City.
*Success Federal Savings & Loan Association of Kansas
City.
*Swedish-American Savings & Loan Association.
Kirksville Building & Loan Association.
*Kirkwood FederalSavings & Loan Association.
*The Lebanon Building & Loan Association.
Lee's Summit Building & Loan Association.
*Clay County Building & Loan Association.
*Liberty FederalSavings & Loan Association.
*Lilbourn Building & Loan Association.
Macon Building & Loan Association.
*FirstFederal Savings & Loan Association of Moberly.
*Monett Building & Loan Association.
Mount Vernon Building & Loan Association.
*Farm & Home Savings & Loan Association of Missouri.
Home Savings & Loan Association of Norborne.
*Community Federal Savings & Loan Association of
Overland.
*St. Louis County Federal Savings & Loan Association of
Pine Lawn.
*Security FederalSavings & Loan Association of Raytown.
Richmond Savings & Loan Association.
Buchanan Building & Loan Association.
*First FederalSavings & Loan Association of St. Joseph.
*Midwest Federal Savings & Loan Association of St.
Joseph.
American Home Building & Loan Association.
*Cass FederalSavings & Loan Association of St. Louis.
Columbia Building & Loan Association.
Conservative Building & Loan Association.
*Economy Federal Savings & Loan Association of St.
Louis.
*First FederalSavings & Loan Association of St. Louis.
Gas & Electric Building & Loan Association.
Gravois Home Building & Loan Association.
Hamiltonian Building Loan & Savings Association.
*Lafayette Federal Savings & Loan Association of St.
Louis.
Midland Building & Loan Association.
Midwest Savings & Loan Association.
Missouri Building & Loan Association.
Mount Olive Building & Loan Association.
New Age Building & Loan Association.
Paramount Saviggs & Loan Association.
Postal Employees' Building Loan & Savings Associa
tion.
Progress Building Savings & Loan Association.
Real Estate Building & Loan Association.
Reserve Building & Loan Association of St. Louis.
*Roosevelt Federal Savings & Loan Association of St.
Louis.
*St. Louis FederalSavings & Loan Association.,
*Surety Home Building & Loan Association.
88
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location-Continued
MIssoURI-continued
Location
St. Louis_---
___
Springfield_--
__
Name
Do-----Do-----Do-----Do_----Sweet Springs---University City --
Do_----Warrensburg --Webster Groves ----Do-------------
*Washington Federal Savings & Loan Association of St.
Louis.
Great Southern Savings & Loan Association.
*Greene County Building & Loan Association.
*Guaranty FederalSavings & Loan Association of Spring
field.
*Missouri Home Savings & Loan Association.
Systematic Savings & Loan Association.
Sweet Springs Building & Loan Association.
*Mutual Federal Savings & Loan Association of Uni
versity City.
*University City Federal Savings & Loan Association.
Quarry City Building & Loan Association.
,Dividend Plan Savings & Loan Association.
Webster Groves Loan & Building Association.
MONTANA
Billings -----Do_----Do_----Bozeman ----Butte_----Deer Lodge_---Great Falls---------
Do--------Kalispell_
Livingston -----Missoula ----Do_----Sidney_------
-
Billings Building & Loan Association.
Federal Building & Loan Association.
*Security Building & Loan Association.
Pioneer Building & Loan Association.
United States Building & Loan Association.
*Deer Lodge Federal Savings & Loan Association.
Great Falls Building & Loan Association.
*Mountain States Building & Loan Association.
Great Western Building & Loan Association.
*Empire Building & Loan Association.
*Missoula Building & Loan Association.
*Western Montana Building & Loan Association.
Northern Building & Loan Association.
NEBRASKA
Alliance
Beatrice ----------Do-----------Blair-----Bloomfield -_
--Broken Bow----Chadron_----Columbus----
Do_----Cozad
Falls City----Gering _--Grand Island._
-.
Hastings -----
Do------Kearney-----Lincoln
-------Do----Do
Do-----Do-----Do------Do-----McCook --- _-_Nebraska City -------
Alliance Building & Loan Association.
Home Savings & Loan Association of Beatrice.
The State Savings & Loan Association.
Blair Building & Loan Association.
*Bloomfield Federal Savings & Loan Association.
*Custer Federal Savings & Loan Association of Broken
Bow.
*Chadron Building & Loan Association.
Columbus Land, Loan & Building Association.
The Globe Savings & Loan Association.
*First Federal Savings & Loan Association of Dawson
County.
*Falls City Federal Savings & Loan Association.
*Platte Valley FederalSavings & Loan Association.
*Home Federal Savings & Loan Association of Grand
Island.
*Hastings FederalSavings & Loan Association.
*Home Federal Savings & Loan Association of Hastings.
*FederalSavings & Loan Association of Kearney.
American Savings & Loan Association.
First Building & Loan Association of University Place.
*FirstFederalSavings & Loan Association of Lincoln.
Home Savings & Loan Association.
Lincoln Savings & Loan Association.
Midwest Savings & Loan Association.
Union Loan & Savings Association.
Home Building & Savings Association.
*Nebraska City Federal Savings & Loan Association.
ANNUAL
REPORT OF FEDERAL HOME LOAN BANK BOARD
89
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location-Continued
NEBRASKA-Continued
Location
--Norfolk---,- ---Omaha
Schuyler -------Sidney------Wayne-----Wymore_-----
*Allied Building & Loan Association of Norfolk.
*FirstFederal Savings & Loan Association of Omaha.
*Schuyler FederalSavings & Loan Association.
*Sidney Federal Savings & Loan Association.
*Wayne FederalSavings & Loan Association.
Wymore Building & Loan Association.
Las Vegas----Reno
*Las Vegas FederalSavings & Loan Association.
Union Building & Loan Association.
Name
NEVADA
NEW HAMPSHIRE
-Berlin---Concord-----Dover------Franklin
Keene_-----Laconia ----Do
Lebanon
---- __
Manchester ---Milford ----Nashua-----Portsmouth -____
Do-----Rochester ----Salem Depot---
City Savings Bank.
Concord Building & Loan Association.
Dover Cooperative Bank.
Franklin Building & Loan Association.
Keene Building & Loan Association.
Laconia Building & Loan Association.
*Laconia FederalSavings & Loan Association.
Mascoma Savings Bank.
*Manchester Federal Savings & Loan Association.
Milford Building & Loan Association.
Nashua Building & Loan Association.
Piscataqua Savings Bank.
Portsmouth Savings Bank.
People's Building & Loan Association.
Salem Cooperative Bank.
NEW JERSEY
-Arlington--__
Asbury Park_--Do..----Atlantic City--------Do
Do ------------Do.-----Do---Do----------Do------------Do_
Atlantic Highlands
Audubon---------Do---------Do--------------Avalon__--Barnegat---------Beach. Arlington ----Beach Haven -------Belleville -Do------------Do----------Belmar ----------Bergenfield------Berlin ----------------Bloomfield
Do----------Bogota-------------
The Kearney Building & Loan Association of Arlington.
The Asbury Park Building & Loan Association.
Reserve Building & Loan Association.
Boardwalk Building & Loan Association of New Jersey.
Equitable Building & Loan Association of Atlantic City.
La Clede Building & Loan Association.
The Mutual Building & Loan Association of Atlantic
City.
Poeples Building & Loan Association of Atlantic City.
Pride of Atlantic Building & Loan Association.
Ventnor Building & Loan Association.
Atlantic Highlands Building & Loan Association.
The Audubon Building & Loan Association.
Citizens Building & Loan Association of Audubon.
Kings Highway Building & Loan Association.
Security Building & Loan Association of Avalon.
Bay Shore Building & Loan Association.
Beach Building & Loan Association.
Long Beach Building & Loan Association.
The Belleville Building & Loan Association.
Central Building & Loan Association of Belleville.
*North Belleville Building & Loan Association.
Belmar Building & Loan Association.
The Fellowship Building & Loan Association of Bergen
field.
Long-A-Coming Building & Loan Association.
Bloomfield Building & Loan Association.
Constitution Building & Loan Association.
Investing Building & Loan Association.
90
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location--Continued
NEW JERSEY-continued
Location
Boontonton_ --Do
---Do---
Name
Boonton Building & Loan Association.
The Homeric Building & Loan Association.
The Ogden Building & Loan Association.
Bound Brook --The Bound Brook Building & Loan Association.
Bradley Beach -----Jersey Coast Building & Loan Association of Bradley
Beach.
Burlington_--The Farmers & Mechanics Building & Loan Association
of Burlington.
Caldwell -----Grover Cleveland Building & Loan Association.
Camden -Arcade Building & Loan Association.
--The Argonne Building & Loan Association.
Do
Broadway Building & Loan Association.
Do--Do,----Camden Optional Building & Loan Association.
Central Building & Loan Association of Camden.
Do---Cooper Building & Loan Association of Camden.
Do --Do.Cottage Building & Loan Association of Camden.
John Campbell Jr.-Girard Building & Loan Association.
Do
----Lawn Del Building & Loan Association of Camden.
---Do
Do
Mickle Building & Loan Association.
Do_
Republic Building & Loan Association.
Cape May Court House Cape May County Building & Loan Association.
Carlstadt ----The Carlstadt Mutual Loan & Building Association.
Roosevelt Building & Loan Association.
Carteret------Cedar Grove Building & Loan Association.
Cedar Grove --Clifton - ----East Clifton Building & Loan Association.
-----*The Harrington Building & Loan Association.
Closter
Collingswood
Collingswood Building & Loan Association.
Do-----Integrity Building & Loan Association of Collingswood.
Knight Park Building & Loan Association of Collings
Do....
wood.
Cranford Mutual Building & Loan Asssociation.
Cranford ----Delanco ---Delanco Building & Loan Association of Delanco.
Dennisville ---Dennisville Loan & Building Association.
Dover------The Dover Building & Loan Association.
Dumont ----The Dumont Building & Loan Association.
Dunellen ----The Dunellen Building & Loan Association.
Do
Home Building & Loan Association.
East Orange --Apex Building & Loan Association.
---DoBrick Church Building & Loan Association of East
Orange.
Do-----Civic Centre Building & Loan Association.
Do-----Clarion Building & Loan Association.
Fairway Building & Loan Association of East Orange.
Do-----Do ---Hollywood Building & Loan Association.
Do
Shepherd Building & Loan Association.
Do
Stronghold Building & Loan Association of East Or
ange.
Do
Triumph Building & Loan Association of East Orange.
East Paterson -----The East Paterson Building & Loan Association.
East Rutherford Savings Loan & Building Association.
East Rutherford - --Eatontown City ----*Eatontown & Oceanport Building & Loan Association.
Collective Building & Loan Association.
Egg Harbor City ---Do
Egg Harbor Building & Loan Association.
__---The Citizens Building & Loan Association of Elizabeth.
Elizabeth
Do
Columbia Building & Loan Association of Elizabeth.
Do
Security Building & Loan Association.
Englewood_---Englewood Mutual Loan & Building Association.
Englishtown _____
Englishtown Building & Loan Association.
Fair Lawn-- __
Fair Lawn Building & Loan Association of Fair Lawn.
The Haller Building & Loan Association.
Garfield., ---Glen Ridge Building & Loan Association.
Glen Ridge----Glen Rock-----*The Home Ownership Building & Loan Association
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
91
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location-Continued
NEW JERSEY-continued
Name
Location
Grantwood ---__
Guttenburg_ -----
Hackensack ---- __-_Do-----Do
Do-----------Do ---
--
Do------Haddonfield --Haddon Heights-----Do-------------
Hammonton ---Do-----Harrison ----Do-----Hasbrouck Heights -Do-----Hawthorne ---High Bridge --Hightstown ---Hillside -----Do
Hoboken -__--Do
Do-------------
Hohokus-----Irvington__---Jersey City_---Do----Do-----Do_---Do
Do
Do
Do
Do
Do
Do
Do
Do
Do
Do
Do----------Do------------Do_.
Keansburg
---------Kearney
The Hudson County Caledonian Building & Loan
Association.
*The Guttenburg Building & Loan Association.
Excel Building & Loan Association.
Hackensack Mutual Building & Loan Association.
Industrial Building & Loan Association of Hackensack.
The New Barbadoes Mutual Building & Loan Associa
tion of Hackensack.
North Jersey Building & Loan Association of Hacken
sack.
United Building & Loan Association of Hackensack.
Elizabeth Haddon Building & Loan Association.
Haddon Heights Building & Loan Association.
Victory Building & Loan Association of Haddon
Heights.
The Hammonton Loan & Building Association.
The Workingmen's Loan & Building Association.
The Consolidated Building & Loan Association of the
Town of Harrison.
International Building & Loan Association of Harrison.
Hasbrouck Heights Building Loan & Savings Asso
ciation.
*Polifly Building & Loan Association.
Hawthorne Building & Loan Association.
High Bridge Building & Loan Association.
Citizens Building & Loan Association of Hightstown.
Inter County Building & Loan Association.
The Lyons Farms Building & Loan Association.
American Homes Building & Loan Association of
Hoboken.
Guardian Building & Loan Association.
The Hoboken Building & Loan Association.
Hohokus Building & Loan Association.
Supreme Building & Loan Association of Irvington.
The Borrowers Building & Loan Association of Jersey
City.
The Central Building & Loan Association of Jersey
City.
The Citizens Building & Loan Association of Jersey
City.
Five Corner Building & Loan Association.
Franklin Building & Loan Association of Hudson
County.
The Hilltop Building & Loan Association of Jersey City.
Industrial Mutual Building & Loan Association.
Jackson Building & Loan Association.
Journal Square Building & Loan Association.
The K, C. Building & Loan Association.
Kopernik Building & Loan Association.
The Lafayette Mutual Building & Loan Association.
The Lincoln Building & LoanAssociation of Jersey
City,
Phoenis Loan & Building Association.
The Security Building & Loan Association of Jersey
City.
The Sparrow Hill Building & Loan Association.
The Union Building & Loan Association of Jersey City.
West Bergen Building & Loan Association.
The Keansburg Building & Loan Association.
The Mutual Benefit Building & Loan Association of
Kearney.
92
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location-Continued
NEW JERSEY-Continued
Location
Name
Kearney.-----Lincoln Park- ______
Linden------__
Little Ferry----Do--Livingston____
Long Branch -______
Do-----Lyndhurst ---
__
Madison
_ ____
Matawan---
_---
Maywood ----Medford Lakes -----Millburn
Do------Milltown
Montclair- -----Do------------Do
Do-----------Montvale ----Morristown --_
Do-----Mountain Lakes - --__
Mountain View ---Newark. -- ___--__
Do-----Do-----Do-----Do-----Do-----Do------Do--------Do-----Do-----Do--------Do-----Do-----Do-----Do-----Do_---Do-----Do
Do
Do
Do
Do
Do------
Do-----Do-----Do_---Do_---Do-----Do----------Do
New Brunswick ----Do-------
Do_---------
Vest Hudson Building & Loan Association.
Lincoln Park Building & Loan Association.
The Stonewall Building & Loan Association of Linden.
Little Ferry Building & Loan Association.
Volunteer Building & Loan Association.
Livingston Building & Loan Association.
Monmouth County Building & Loan Association.
Third Avenue Building & Loan Association.
Dauntless Building & Loan Association.
James Building & Loan Association.
Liberal Building & Loan Association.
The Maywood Building & Loan Association.
Medford Lakes Building & Loan Association.
The Millburn Building & Loan Association.
Washington Rock Building & Loan Association.
Citizens Building & Loan Association of Milltown.
Hillside Building & Loan Association.
Montclair Building & Loan Association.
Nishuane Building & Loan Association.
Montvale Building & Loan Association.
Morris County Building & Loan Association.
The Morristown Building & Loan Association.
Mountain Lakes Building & Loan Association.
The Pequannock & Wayne Building & Loan Associa
tion.
Alliance Building & Loan Association.
The Bay View Building & Loan Association of Newark.
Beacon Building & Loan Association of New Jersey.
The Beaver Building & Loan Association of Newark.
Brookdale Building & Loan Association.
Buildahome Building & Loan Association.
Casino Building & Loan Association.
Centre Market Building & Loan Association.
The Conservative Building & Loan Association of
Newark.
The Eighth Ward Building & Loan Association.
Eleventh Ward Building & Loan Association.
Essex Mutual Building & Loan Association.
The Fulton Building & Loan Association.
Guardsmen Building & Loan Association of Newark.
Holland Building & Loan Association.
The J. & M. Building & Loan Association of Newark.
L. 0. 0. M. Building & Loan Association of Newark.
Mohawk Building & Loan Association.
North Newark Building & Loan Association.
The Oliver Building & Loan Association.
Olympic Building & Loan Association.
Pacific Building & Loan Association of Newark.
The Park Building & Loan Association of the City of
Newark.
Post Office Building & Loan Association of Newark.
Prosperity Building & Loan Association.
Prudential Building & Loan Association.
The South Broad Building & Loan Association of
Newark.
Superb Building & Loan Association.
Trustworthy Building & Loan Association.
West End Building & Loan Association.
Business Men's Building & Loan Association of New
Brunswick.
Highland Park Building & Loan Association.
New Brunswick Building & Loan Association.
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
93
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location-Continued
NEW JERSEY-continued
Location
Name
New Brunswick------North Bergen -------Nutley -------------Do-------------
Spring Garden Building & Loan Association.
Oakland------------Oaklyn--_ ----------Do -----------Ocean City ---------Do----------Orange -------------Palisade-------------Palisade Park--------Palmyra-----------Do -------Passaic------Do_--------Do ------------Paterson -------Do
------Do ---Do------------Do -------------Do-----------Do -------Do -----Do_---Do ---------
Property Owners' Building & Loan Association of New
Brunswick.
Victory Building & Loan Association of North Bergen.
The Franklin Building & Loan Association.
-
The Oakland Building & Loan Association.
Bettle-Ridge Building & Loan Association of Oaklyn.
Oaklyn Building & Loan Association of Oaklyn.
The Ocean City Building & Loan Association.
The Seashore Building & Loan Association.
The Orange Valley Building & Loan Association of
Orange.
Interborough Building & Loan Association of Palisade.
Broad Avenue Building & Loan Association.
Palmyra Building & Loan Association.
Twin Cities Building & Loan Association of Palmyra.
Fourth Ward Building & Loan Association.
G_
reater Passiac Building & Loan Association.
The Union Loan & Building Association of Passaic.
American Building & Loan Association.
Baltic Building & Loan Association of Paterson.
Benefactor Building & Loan Association.
Carroll Building & Loan Association.
Financial Building & Loan Association.
Home Lovers Building & Loan Association.
Italian American Building & Loan Association of
Passaic County.
Lakeview Building & Loan Association.
Northside Building & Loan Association.
The Provident
Building
&
Loan
Association
of
Passaic County.
Do---------- _ Regent Building & Loan Association.
Do_------------- Textile Home Building & Loan Association of Paterson.
Pitman------------_ Alcyon Building & Loan Association.
Do ------------- Pitman Building & Loan Association.
Plainfield_ ---------- _
The Plainfield Building & Loan Association.
Do -------------- Queen City & Home Building & Loan Association.
Do -------------- Union Building & Loan Association of Plainfield.
Point Pleasant Beach___ Point Pleasant Building & Loan Association.
Pompton Lakes------- Pompton Lakes Building & Loan Association.
Pompton Plains------- The Pompton Plains Building & Loan Association.
Princeton ----------- _
Princeton Building & Loan Association.
Prospect Park -------_
*Prospect Park Building & Loan Association of Passaic
County.
Rahway ------------ The Axia Building & Loan Association of Rahway.
Do ------------- Citizens Building & Loan Association of Rahway.
Do-------------- Reliance Cooperative Building & Loan Association.
Do--------------Workmen's Building & Loan Association of the City of
Rahway.
Ramsey ------------- *Trust Building & Loan Association.
Red Bank----------- *The Red Bank Building & Loan Association.
Ridgefield- ---------- Oratam Building & Loan Association.
Ridgefield Park___-__ The Overpeck Building & Loan Association of Ridge
field Park.
Do-------------- Park Building & Loan Association of Ridgefield Park.
Do--------------Peoples Mutual Building & Loan Association.
Ridgewood ----------- The Cooperative Building & Loan Association of
Ridgewood.
Do_-----Do ----------Do -------___
Rockaway ----------43246-38----7
*Glen Rock Building & Loan Association.
Godwinville Building & Loan Association.
Ridgewood Building & Loan Association.
The Rockaway Building & Loan Association.
94
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 80, 1987,
by States and location--Continued
NEW JERSEY-Continued
Location
Roseland --Roselle ----------Roselle Park _Do-----Rutherford --Scotch Plains -----
Sea Bright -Secaucus------Singac -------
South Amboy -----Do--
-----
South Plainfield ---- _
South River_
-South Seaville -----Spring Lake_--
Stone Harbor -- _
Stratford_----Strathmere ---Summit -----Do
Do_--Teaneck Township---Tenafly----Trenton-----Do-----Do-----Do_----Do-----Tuckahoe-----Union City----Do-----Do----Do-----Verona.--------Vineland ----Waldwick - _--Wallington
Wanaque ----Washington --------Weehawken-Westfield---Do-----------Do------------West Orange------Do-------West Paterson ...
Westville ----------Westwood ---------Do -----Wharton-------Wildwood ------Do_----Do------------Do-----Wildwood Crest---Woodbridge ---Wortendyke,
Bergen
County.
Wyckoff-----------
Name
Roseland Building & Loan Association.
Roselle Building & Loan Association of Roselle, Union
County.
The Aldene Building & Loan Association.
Twin Borough Building & Loan Association.
Rutherford Mutual Loan & Building Association.
Fanwood & Scotch Plains Building & Loan Association.
Sea Bright-Rumson Building & Loan Association.
Secaucus Building & Loan Association.
*Singac Building & Loan Association.
Investors & Owners Building & Loan Association.
The Star Building & Loan Association.
South Plainfield Building & Loan Association.
The South River Building & Loan Association.
The South Seaville Loan & Building Association.
Spring Lake Building & Loan Association.
The Sturdy Building & -Loan Association of Stone
Harbor.
Greater Stratford Building & Loan Association.
Strathmere Building & Loan Association.
*Hill City Building & Loan Association.
*Overlook Building & Loan Association.
*Summit Building & Loan Association.
*Teaneck Building & Loan Association.
*Tenafly Building & Loan Association.
Capitol Building & Loan Association.
Economia Building & Loan Association.
The Prospect Building & Loan Association.
St. George Building & Loan Association of Trenton.
United Building & Loan Association.
The Tuckahoe Building & Loan Association.
Bergenline Building & Loan Association.
Conservative Building & Loan Association of Hudson
County.
Dispatch Building & Loan Association of Union City.
Greater City Building & Loan Association.
*The Essential Building & Loan Association.
Fidelity Building & Loan Association of Vineland.
Waldwick Building & Loan Association.
The Wallington Building & Loan Association.
Wanaque Borough Building & Loan Association.
Washington Building & Loan Association.
Fidelity Building & Loan Association of Weehawken.
Home Building & Loan Association of Westfield.
The Mutual Building & Loan Association of Westfield.
The Westfield Building & Loan Association.
Edison Building & Loan Association.
Llewellyn Building & Loan Association of West Orange.
Passaic Valley Building & Loan Association.
The Old Buck Building & Loan Association.
Invincible Building & Loan Association.
The Westwood Building & Loan Association.
Wharton Building & Loan Association.
Anglesea Building & Loan Association.
City of Wildwood Building & Loan Association.
Five Mile Beach Building & Loan Association.
Holly Beach City Building & Loan Association.
Wildwood Crest Building & Loan Association of Wild
wood Crest.
Colonia Building & Loan Association.
The Wortendyke Building & Loan Association.
*Wyckoff Building & Loan Association.
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
95
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location-Continued
Location
Alamagordo--------
Albuquerque ------Carlsbad ------- ----Clovis
Deming ----------Gallup _---------Las Cruces-----Las Vegas----Raton-----Roswell- __--Do------------Do
Santa Fe----------Do
Silver City_---Tucumcari _-----
NEW MEXICO
Name
*Alamagordo FederalSavings & Loan Association.
*Albuquerque FederalSavings & Loan Association.
*Carlsbad Building & Loan Association.
*First FederalSavings & Loan Association of Clovis.
*Deming Federal Savings & Loan Association.
*Gallup Federal Savings & Loan Association.
*Mutual Building & Loan Association.
*FirstFederal Savings & Loan Association of Las Veg as
*The Gate City Building & Loan Association.
*Chaves County Building & Loan Association.
*Equitable Building & Loan Association.
*Roswell Building & Loan Association.
Mutual Building & Loan Association.
Western American Life Insurance Co.
*Grant County Federal Savings & Loan Association.
*Tucumcari Federal Savings & Loan Association.
NEW YORK
Albany- ------------- *Central Savings & Loan Association.
Do-------------- * est End FederalSavings & Loan Association of Albany.
Albion_----------- Albion Federal Savings & Loan Association.
Alfred --------------Alfred Mutual Savings & Loan Association.
Amsterdam
*--------Amsterdam Federal Savings & Loan Association.
Babylon-----------*Suffolk County Federal Savings & Loan Association.
Baldwin ----------- *Baldwin FederalSavings & Loan Association.
Baldwinsville -------- *Baldwinsville Federal Savings & Loan Association.
Batavia ------------- *The Genesee County Loan Association.
Bay Shore----------- *Bay Shore Federal Savings & Loan Association.
Bellmore------------Bellmore Savings & Loan Association.
Bronxville- ---------- *Bronxville FederalSavings & Loan Association.
Brooklyn- ---------- *Bayridge Savings & Loan Association.
Do--------------Bedford Cooperative Building & Loan Association.
Do------------- *Nassau Savings & Loan Association.
Do------------- *South Brooklyn Savings & Loan Association.
Buffalo------------ *Black Rock-Riverside Savings & Loan Association.
Do ------------- *Carlton FederalSavings & Loan Association of Buffalo.
Do -------------- Kensington Savings & Loan Association.
Canton -----------Canton Savings & Loan Association.
Carthage ------------- Carthage Savings Loan & Building Association.
Central Valley ------Central Valley Savings & Loan Association.
East Rochester---_____
*East Rochester Federal Savings & Loan Association.
Elmira --------------- Chemung Valley Savings & Loan Association.
Do_---------*The Elmira Savings & Loan Association.
*-------Bethpage Federal Savings & Loan Association of Farm
Farmingdale
ingdale.
Floral Park-- -------FloralPark Federal Savings & Loan Association.
Flushing- ----------- *Bayside Federal Savings & Loan Association.
Do- ------------ *Flushing FederalSavings & Loan Association.
Fredonia ------------ Fredonia Savings & Loan Association.
Freeport--- -----*-FreeportFederal Savings & Loan Association.
Geneva- ---------*_ Geneva Permanent Loan & Savings Association.
Gloversville---------- *Gloversville Federal Savings & Loan Association.
_
Hastings-on-Hudson -*The
Hastings-on-Hudson Building Cooperative Savings
& Loan Association.
Hempstead_-____
*FirstFederalSavings & Loan Association of Hempstead.
Her----*Herkimer Cooperative Savings & Loan Association.
Highland Falls-------- *Highland Falls, West Point, & Fort Montgomery
FederalSavings & Loan Association.
Hornell
_ Maple City Cooperative Savings & Loan Association.
Huntington----------* Huntington FederalSavings & Loan Association.
Irvington------------ *Sunnyside FederalSavings & Loan Association of Irving
ton.
96
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location-Continued
NEW YORK-continued
Location
Ithaca -----------Jackson Heights, Long
Island.
Kenmore ----------Kingston --- __----Lancaster----_-----Larchmont ---------Lawrence ------------
Name
Ithaca Savings & Loan Association.
Elmhurst Savings & Loan Association.
*First Federal Savings & Loan Association of Kenmore.
The Kingston Cooperative Savings & Loan Association.
*Lancaster Savings & Loan Association.
Larchmont Federal Savings & Loan Association.
*Lawrence-Cedarhurst'Federal Savings & Loan Associa
tion.
Long Beach---------*Long Beach Federal Savings & Loan Association.
Long Island City------ *Astoria Federal Savings & Loan Association.
Do ------------- Long Island City Building & Loan Association.
Lynbrook ------ *Lynbrook Federal Savings & Loan Association.
Mamaroneck---------* Mamaroneck Federal Savings & Loan Association.
Mariners Harbor, Stat- *The Northfield Building Loan & Savings Association.
en Island.
Homestead Building & Loan Association.
Middletown ----------Monroe ------------Warwick, Monroe & Chester Building & Loan Associa
tion.
Monticello----------*Sullivan County Savings & Loan Association.
Building & Loan Association of Newburgh.
Newburgh ----------South Shore Savings & Loan Association.
New Dorp, Staten Island.
New Rochelle--------- *New Rochelle Federal Savings & Loan Association.
*American Cooperative Savings & Loan Association.
New York---------Bankers Federal Savings & Loan Association.
Do ------------Do-_------*Bronx Federal Savings & Loan Association.
Do------------- *Brooklyn Federal Savings & Loan Association.
Do------------*Dongan Hills-Grant City Federal Savings & Loan Asso
ciation.
*The Enterprise Savings & Loan Association.
Do -----------Do------------First Federal Savings & Loan Association of New York.
Do------_---*Flatbush Federal Savings & Loan Association of Brook
lyn.
Do-------------* Fourth Federal Savings & Loan Association of New
York.
Do -------------- The Greater New York Savings & Loan Association.
Do-------------* Hamilton Federal Savings & Loan Association of
Brooklyn.
*Home Federal Savings & Loan Association of Ridge
Do--wood.
Do-----------*Knickerbocker Federal Savings & Loan Association.
Manhattan Savings & Loan Association.
Do-------------Do--------------The New York Edison Savings & Loan Association.
Do-------------* New York Federal Savings & Loan Association.
Do-------------*New York & Suburban Federal Savings & Loan Asso
ciation.
*Ninth Federal Savings & Loan Association of New
Do_------York City.
*North New York Savings & Loan Association.
Do------Protective Savings & Loan Association.
Do----Do ----- *Queens. County Federal Savings & Loan Association of
Jamaica.
*Railroad Federal Savings & Loan Association.
Do----------Do ------------*Reliance Federal Savings & Loan Association of Queens
Village.
*Richmond County Federal Savings & Loan Association.
Do-----------*-----------Serial Federal Savings & Loan Association of New
Do
York City.
Do------------- *West Side Federal Savings & Loan Association of New
York City.
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
97
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and locatidn--Continued
NEW YORK--continued
Location
Northport - Norwich_
Name
--_----
Olean_
.-----Oneida---.----_
Ossining-__. ------Oswego-.-----Owego ---.___--*_
Pearl River_
Plattsburgh_
--------
*Northport Federal Savings & Loan Association.
The Chenango Cooperative Savings & Loan Associa
tion of Norwich.
*Olean Savings & Loan Association.
*Oneida Federal Savings & Loan Association.
*Westchester County Savings & Loan Association.
*The Security Building & Loan Association.
Owego Federal Savings & Loan Association.
The Park Cooperative Savings & Loan Association of
SPearl River.
*Champlain Valley Federal Savings & Loan Association
of Plattsburgh.
Cooperative Loan & Savings Society.
The Port Jervis Real Estate & Loan Association.
*North Shore Building Loan & Savings Association.
Port Jervis-Do--- Port Richmon .d, Staten
Island.
Third Ward Savings & Loan Association.
Do
Port Washington ____
*First Federal Savings & Loan Association of Port
Washington.
Poughkeepsie- ____
The Home Cooperative Savings & Loan Association.
Richmond Hill _---_
*Savings & Loan Association of Richmond Hill.
Rochester _--___
Columbia Banking Savings & Loan Association.
Do---*First Federal Savings & Loan Association of Rochester.
*Profit Savings & Loan Association.
Do------------2
Rockville Centre __*County Federal Savings & Loan Association.
Salamanca ----*Salamanca Federal Savings & Loan Association.
Saranac Lake -____*Saranac Lake Federal Savings & Loan Association.
Sayville ----*Sayville Federal Savings & Loan Association.
-----Edgewater Cooperative Savings & Building Loan
Stapleton
Association.
Suffern __----Suffern Savings & Loan Association.
Syracuse -------*Fair City Cooperative Savings & Loan Association.
Do-----*First Federal Savings & Loan Association of Syracuse.
*Tomkinsville Federal Savings & Loan Association.
Tompkinsville ------Troy-------Troy Cooperative Savings & Loan Association.
The Homestead Aid Association of Utica.
Utica_
----*Walden Federal Savings & Loan Association.
Walden ----Wallkill------------*Wallkill Valley Federal Savings & Loan Association.
Walton_----Walton Cooperative Savings & Loan Association.
Westbury, Long Island_ Westbury Savings & Loan Association.
Westerleigh, Staten Is *Westerleigh Building Loan & Savings Association.
land.
West New Brighton, *Prudential Savings & Loan Association.
Staten Island.
*White Plains Federal Savings & Loan Association.
White Plains ------Woodhaven _ --*Columbia Savings & Loan Association.
Yonkers-__ ----*The Yonkers Savings & Loan Association.
NORTH CAROLINA
Aberdeen _Asheboro---Asheville --Belmont--Boone----Burlington-_
Do--Carthage-Charlotte ---
_
-
Aberdeen Building & Loan Association.
Randolph County Building & Loan Association.
*Asheville FederalSavings & Loan Association.
Belmont Building & Loan Association.
Watauga Building & Loan Association.
*Community FederalSavings & Loan Association of Bur
lington.
*First FederalSavings & Loan Association of Burlington.
Citizens Building & Loan Association.
Mechanics Perpetual Building & Loan Association.
2 Withdrawn from membership in the Federal Home Loan Bank System as of June 30, 1937, but charter
as a Federal savings and loan association not yet canceled as of that date.
98
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location-Continued
NORTH CAROLINA-continued
Location
Clinton_ -Concord_----Cornelius
-----Davidson----_-Dunn-------Durham-----------Do
--Do
Elizabeth City -----Elkin
--Enfield-----Farmville --------Fayetteville ----
Do_-Do------Forest City_---
Gastonia ----Do,..----Goldsboro--_----
Do-----Granite Falls
Greensboro-------Do_------Do_------Greenville- -------Do
----Hamlet-------Henderson ---Do.---Hendersonville ------Hickory----------Do_--High Point----Do----Do.---Kenly
---------Kernersville -------Kings Mountain----_
Kinston -_--Do_-Laurinburg ---Lexington_
--Do
--Do----Madison-----Marion
----- _
Mocksville ---Mooresville ---Do--Mount Airy----Mount Gilead ------New Bern ---Oxford
--Pinehurst--_ --Raeford-----Raleigh -----Reidsville -----Do_____
Name
Clinton Building & Loan Association.
Citizens Building & Loan Association.
Cornelius Building & Loan Association.
Davidson Building & Loan Association.
Home Building & Loan Association of Dunn.
*FirstFederal Savings & Loan Association of Durham.
Home Building & Loan Association.
Security Building & Loan Association.
Albemarle Building & Loan Association.
Elkin-Jonesville Building & Loan Association.
The Enfield Building & Loan Association.
Farmville Building & Loan Association.
Cross Creek Building & Loan Association.
Fayetteville Building & Loan Association.
*Home Federal Savings & Loan Association of Fayette
ville.
Forest City Building & Loan Association.
*First Federal Savings & Loan Association of Gastonia.
*Gastonia Mutual Building & Loan Association.
The Citizens Building & Loan Association.
The Goldsboro Building & Loan Association.
Granite Building & Loan Association.
Gate City Building & Loan Association.
Home Building & Loan Association.
Jefferson Standard Life Insurance Co.
*First Federal Savings & Loan Association of Greenville.
Home Building & Loan Association.
Hamlet Building & Loan Association.
Henderson Building & Loan Association.
Home Building & Loan Association.
*First FederalSavings & Loan Association of Henderson
ville.
The First Building & Loan Association of Hickory.
Mutual Building & Loan Association.
Atlantic Building & Loan Association.
*High Point Perpetual Building & Loan Association.
Piedmont Building & Loan Association.
Kenly Building & Loan Association.
Kernersville Building & Loan Association.
Kings Mountain Building & Loan Association.
Home Building & Loan Association.
Mutual Building & Loan Association.
Scotland County Building & Loan Association.
Industrial Building & Loan Association.
Lexington Perpetual Building & Loan Association
Mutual Building & Loan Association.
The Madison Building & Loan Association.
Home Building Association of Marion.
Mocksville Building & Loan Association.
Mooresville Building & Loan Association.
*Mooresville Federal Savings & Loan Association.
*The Workmen's Building & Loan Association of Mount
Airy.
*Peoples Mutual Building & Loan Association.
New Bern Building & Loan Association.
Oxford Building & Loan Association.
Pinehurst Building & Loan Association.
Raeford Building & Loan Association.
Raleigh Building & Loan Association.
Mutual Building & Loan Association.
Rockingham Building & Loan Association.
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
99
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location-Continued
NORTH CAROLINA-continued
Location
Roanoke Rapids ...
-Rockingham_
Rocky Mount ------Do
Do_---Do_---Roxboro------Salisbury -----Do----Do-----Sanford-----Shelby-----------Smithfield ----------Southern Pines ----Southport----Spray------_--Spruce Pine----Statesville ----Tarboro------Do_---Taylorsville---------
Thomasville
Tryon__-----Valdese. ----Wake Forest_--Weldon------Whitakers ----Whitesville ---Williamston ---Wilmington ---Do
Do-----Do_---Do-----Wilson------Do-----Winston-Salem - ____
Do_---Do_-----
Name
Roanoke Rapids Building & Loan Association.
Richmond County Building & Loan Association.
*Builders Federal Savings & Loan Association of Rocky
Mount.
Citizens Building & Loan Co.
*First Federal Savings & Loan Association of Rocky
Mount.
New Home Building & Loan Association.
Roxboro Building & Loan Association.
*The Citizens Building & Loan Association of Salisbury.
*Home Building & Loan Association.
Mutual Building & Loan Association.
Sanford Building & Loan Association.
Shelby Building & Loan Association.
Smithfield Building & Loan Association.
Southern Pines Building & Loan Association.
Southport Building & Loan Association.
Home Building & Loan Association.
Mitchell County Building & Loan Association.
Mutual Building & Loan Association.
The Edgecombe Homestead & Loan Association.
The Tarboro Building & Loan Association.
Taylorsville Building & Loan Association.
Peoples Building & Loan Association.
*Tryon FederalSavings & Loan Association.
Valdese Building & Loan Association.
Wake Forest Building & Loan Association.
Weldon Building & Loan Association.
Whitakers Building & Loan Association.
Peoples Building & Loan Association.
The Martin County Building & Loan Association.
Carolina Building & Loan Association.
Citizens Building & Loan Association.
Cooperative Building & Loan Association.
Hanover Building & Loan Association.
*Peoples Building & Loan Association.
Atlantic Building & Loan Association.
Wilson Home & Loan Association.
*First Federal Savings & Loan Association of Winston.
Salem.
*Piedmont Federal Savings & Loan Association.
Standard Building & Loan Association.
NORTH DAKOTA
Bismarck ----Dickinson ----Fargo ------
--
Do_---Do_---Do--------
Grafton ------------
Grand Forks---Do_------Jamestown------Do------Mandan -----_
Minot ---------Valley City--------
*First Federal Savings & Loan Association of Bismarck.
Dickinson Building & Loan Association.
*First Federal Savings & Loan Association of Fargo.
*Gate City Building & Loan Association.
Metropolitan Building & Loan Association.
Northwestern Mutual Savings & Loan Association.
*First FederalSavings & Loan Association of Grafton.
Dakota Building & Loan Association.
Grand Forks Building & Loan Association.
*First Federal Savings & Loan Association of Jamestown.
Jamestown Building & Loan Association.
Mandan Building & Loan Association.
*Minot Federal Savings & Loan Association.
Fidelity Building & Loan Association.
100
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location--Continued
OHIO
Location
Name
Ada_-----Akron -------Do
Do
Do.-
----
Do----Do-----Do
---Do-----Alliance
Do-----Arcanum ----Ashtabula ----
Do------Do------------
Do-----Athens--_---Do
Barberton -_---
Barnesville ----
_
Bedford..-----Bellaire ----------Do-----Bellefontaine ---
Do.
Do--------Bellevue -Berea_-----Blue Ash City-----Bowling Green -----Do--------Brewster. ----------_--Bridgeport
Bucyrus ----Do-----Caldwell_---------Cambridge --------Do------Canton------Do-----Do--.--------Do-----Cedarville ----Celina-----------Centerburg- -_Chagrin
Cheviot_----Do----------Chillicothe ----Cincinnati ----Do----Do-----------Do
Do
Do_ _
Do.Do,
--
-
*The Home Savings & Loan Co.
*Akron Savings & Loan Co.
*Citizens Savings & Loan Co.
*First Federal Savings & Loan Association of Akron.
*The Industrians Savings & Loan Co.
North Hill Savings & Loan Co.
*The Permanent Savings & Loan Co.
*The South Akron Savings Association.
*The William H. Evans Building & Loan Association of
Akron.
Industrial Savings & Loan Association.
*Midland Federal Savings & Loan Association.
*Arcanum Federal Savings & Loan Association.
*The Ashtabula County Building & Savings Co.
*First FederalSavings & Loan Association of Ashtabula.
The Harbor Building & Loan Company of Ashtabula
Harbor.
*The Peoples Building & Loan Co.
The Athens County Savings & Loan Co.
The Mutual Home & Savings Association.
*Great Northern Building & Loan Co.
The Peoples Building & Loan Co.
The Bedford Savings & Loan Co.
*The Belmont Savings & Loan Co.
The Buckeye Savings & Loan Co.
*The Bellefontaine Building & Loan Co.
*Citizens Federal Savings & Loan Association of Belle
fontaine.
*The Savings Building & Loan Co.
The Industrial Savings & Loan Association of Bellevue.
Berea Savings & Loan Co.
Blue Ash Building & Loan Co.
Equitable Savings & Loan Co.
*Mutual FederalSavings & Loan Association of Bowling
Green.
*TheBrewster Building & Loan Co.
*The Bridgeport Savings Loan & Building Association.
*First Federal Savings & Loan Association of Bucyrus.
*Peoples Savings & Loan Co.
The Caldwell Building & Loan Co.
*Cambridge Loan & Building Co.
County Savings & Loan Co.
*The Citizens Building & Loan Co.
*First FederalSavings & Loan Association of Canton.
*The Home Savings & Loan Co.
*Stark FederalSavings & Loan Association of Canton.
*Cedarville Federal Savings & Loan Association.
*The Mutual Savings & Loan Association.
*First FederalSavings & Loan Association of Centerburg.
*The Chagrin Falls Savings & Loan Co.
Cheviot Building & Loan Co.
The Harvest Home Building & Loan Association.
*First FederalSavings & Loan Association of Chillicothe.
The Addison Building & Loan Co.
Allemania Loan & Building Association No. 2.
Antonio Savings & Loan Co.
Aragon Savings & Loan Co.
*The Atlas Loan & Building Co.
*Avondale Federal Savings & Loan Association of Cin
cinnati.
Baltimore Avenue Loan & Building Co.
Beekman Street Building & Loan Co.
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
101
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location-Continued
OHIO-continued
Location
Name
Cincinnati-----------
*Bramble Federal Savings & Loan Association of Cin
cinnati.
Do ------------- The Bremen Street Loan & Building Co.
Do -------------- Buckeye Loan & Building Co.
Do--------------Burnet Woods Building & Savings Co.
Do -------------- Calhoun Loan & Building Co. No. 2.
Do--------------Centennial Savings & Loan Association.
Do -------------- Central Building & Loan Co.
Do--------------The Central Fairmount Building & Loan Co.
Do------------- The Central Hyde Park Savings & Loan Co.
Do------------The Champion Building Association.
Do_------------ *Cincinnati FederalSavings & Loan Association.
Do ----------
The Cincinnati Loan & Building Co.
Do ------------Do -----------
The Cincinnatus Loan & Building Co. of Cincinnati.
Citizens Building Association No. 2.
Do --------
The Citizens' Gift Building & Loan Co.
Do ......-
The City Hall Loan & Building Co.
Do-----Do------------Do-------Do ---------Do-----Do---------Do .-------- __-
The City Savings & Loan Co.
Clark Street Loan & Building Co.
The Clifton Heights Loan & Building Co.
The Clifton Mutual Savings & Building Co.
The Colerain Building & Loan Co.
*The College Hill Progressive Building & Loan Co.
Congress Building Association Co.
Do -------Do_------Do-------------
Delta Loan Association Co.
*Eagle Savings & Loan Association.
The East Clifton Savings & Loan Co.
Do-----------Do------- ---Do------------Do ----
The
The
The
The
Conservative Savings & Loan Co.
Corryville Building & Savings Co.
Cottage Building & Loan Co.
Court House Loan & Building Co.
Do--------------East End Loan Association Co.
Do -------------- The East Side Building & Loan Co.
Do_---
-
-
*East Walnut Hills Building & Loan Co.
Do-------------- The Elm Street Industry Loan & Building Co.
Do-----------Enterprise Building Association Co.
Do ------------- Ernst Station Loan & Building Co.
Do -----------Evanston Building & Loan Co.
Do -------------- The Findlay Loan & Building Co. No. 3 of Cincinnati.
Do ------------- *First Federal Savings & Loan Association of Cincinnati.
Do ----_----The First Ward Building & Loan Association Co.
Do ------------- The Foundation Building & Loan Co.
Do--------------Fourth Ward Building & Loan Co.
Do ------------- Fulton Building & Savings Association No. 4.
Do -------------- Fundamental Loan & Building Co.
Do ---------Garden Deposit & Loan Co.
Do -------------- Garfield No. 1 Loan & Building Co.
Do-------------Garfield No. 2 Loan & Building Co.
Do--------------German American Loan & Building Co.
Do ------------- Germania Building Association No. 3.
Do -------------- The Gest Street Building Association No. 1 of Cin
cinnati.
Do -------------- The Gest Street Loan & Building Co. No. 2.
Do-------------- The Gilt Edge Building & Savings Co. of Cincinnati.
Do ---------Glenn Building & Savings Association.
Do -------------- The Globe Building & Savings Co.
Do -----------The Gloria Loan & Building Co.
Do -------------- Government Loan & Building Co.
Do ---------The
Do--------------The
Do ------------The
Do------------*The
Green Street Loan & Building Co.
Green Street No. 2 Loan & Building Co.
Hawthorne Savings & Loan Association.
Hewitt Avenue Loan & Building Association.
102
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 30, 1987,
by States and location--Continued
OHIO-continued
Name
Location
Cincinnati ----
-
Do------------Do
Do ----Do----Do-----Do-------
Do---------
Do----Do-----Do-----Do
Do
Do
Do
Do
Do----Do----Do----Do
Do
Do
Do
Do
Do
Do
Do
Do
Do
Do-----------Do
Do
Do
Do
Do
Do
Do
Do
Do
Do
Do
Do
Do
Do
Do
Do
Do
Do
Do----Do-----Do-----Do-----Do-----Do_----Do_
Do_---Do-----Do_----Do------Do-----------
Oakley Building & Loan Co.
O'Bryonville Building & Loan Co.
The Odeon Building Association Co.
The Ormonde Savings & Loan Co.
*Orpheum Federal Savings & Loan Association of Cin
cinnati.
The Pleasant Ridge Building & Loan Co.
The Poplar Loan & Building Co.
The Price Hill Electric Building & Loan Association.
The Price Hill No. 2 Building & Loan Co.
Progress Building & Loan Co.
Queen City Savings & Loan Co.
-
Do-,-----_,_--
The Hillsdale Loan & Building Co.
*The Home Builders Loan & Savings Co.
*Home FederalSavings & Loan Association of Cincinnati.
Hyde Park Building & Loan Co.
The Irish Building & Loan Co.
The June Building Savings & Loan Co.
Kindel Avenue Loan & Building Co.
Liberal Savings & Loan Co.
Liberty Savings & Loan Co.
The Lick Run Building & Loan Co.
The Lincoln Building Association of Cincinnati.
The Linwood Savings & Loan Co.
The Lion Loan & Building Co.
The Lion No. 1 Loan & Building Co.
The Liston Avenue Building & Loan Co.
Lower Market Loan & Building Association Co.
The Ludlow Avenue Loan & Building Co.
Madison Building Association.
*The Market Building & Savings Co.
The Mentor Loan & Building Co.
The Mohawk Place Loan & Building Co.
The Mount Lookout Savings & Loan Co.
The Mount Washington Building Loan & Deposit Co.
The Music Hall Loan & Building Co.
The Mutual Savings & Loan Co.
National Building Association Co.
North Cincinnati Loan & Building Co.
The North Fairmount Local Loan & Building Co.
North Hyde Park Savings & Loan Co.
*Northside FederalSavings & Loan Association.
Reading Road Loan & Building Co.
Reliable Savings & Loan Co.
The Republic Loan & Building Co.
The Ringgold Building & Loan Co.
The Rosemont Building & Loan Co.
Sampson Savings & Loan Co.
*San Marco Building & Loan Association.
Security Savings & Loan Co.
Senate Loan & Building Association Co.
The Seventh Ward Loan & Building Co.
Sixth Ward Building & Loan Co.
The Spring Garden Loan & Building Co.
Standard Building & Loan Co.
The Star Building Association No. 3 Co.
The State Avenue Loan & Building Co.
*Suburban Federal Savings & Loan Association of Cin
cinnati.
The Tannery Building Association Co.
*The Trades Union Savings & Loan Association.
Tri-State Savings & Loan Co.
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
103
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location-Continued
OHI---continued
Location
Cincinnati --
Name
---
The Twelfth Ward Building & Loan Co.
Do_-The Twenty-first Ward Building & Loan Co.
Twenty-third Ward Building Association Co.
Do_-The Victoria Savings & Loan Association.
Do_-Vine Street Cable Loan & Building Co.
Do_Volunteer Loan & Building Co.
Do--SWalnut
Hills Savings & Loan Co.
Do
*-----Warsaw Federal Savings & Loan Association of Cin
Do_-cinnati.
---- West Cincinnati Building & Loan Co.
Do------Do
The Western Avenue Building Association.
-The West Liberty Building & Loan Co.
Do--The Westwood Building & Loan Co.
Do---- - *The Woodburn Avenue Loan & Building Co.
Do--Do_---- Woodward Building & Loan Co.
--Do--The Workingmen's Building & Savings Co.
--- - *The Broadview Savings & Loan Co.
Cleveland---Do----- - *Citizens Federal Savings & Loan Association of Cleve
land.
Do-------*Cleveland Savings & Loan Co.
Do------- _ *Cuyahoga Savings & Loan Co.
Do---- - The Doan Savings & Loan Co.
Do------ _*The East Cleveland Savings & Loan Co.
Do------*Economy Savings & Loan Co.
Do----The Equity Savings & Loan Co.
Do--_ *-The First Federal Savings & Loan Association of Cleve
land.
Do--------*Forest City Federal Savings & Loan Association of
Cleveland.
Do_-*-----The Home 1Federal Savings & Loan Association of
Cleveland.
----*Liberty Savings & Loan Co.
Do_-----*The Lincoln Savings & Loan Co.
Do_-_--*__The
Lincoln Heights Savings & Loan Co.
Do_-*-Lithuanian Savings & Loan Association.
Do------ ------- __The
*The Ohio Savings & Loan Co.
Do--- - The Orleans Building & Loan Association.
Do
--- - *The Peoples Savings & Loan Association of Cleveland.
Do
- The Progress Building Savings & Loan Co.
Do
S*The Prudential Savings & Loan Co.
-- Roumanian Savings & Loan Co.
_----_
*St. Clair Savings & Loan Co.
--- _ *The Second Federal Savings & Loan Association of
Cleveland.
-----__
*The Security Savings & Loan Co.
- South Side Savings & Loan Association.
*The Southwestern Savings & Loan Co.
__The
*-Tatra Savings & Loan Co.
Do
-----_
*Thrift Federal Savings & Loan Association of Cleveland.
Do_
----Do------ ----- _*The Ukrainian Savings Co.
----*The Union Savings & Loan Co.
Do_
*-_
The Warsaw Savings & Loan Association.
Do-Do----- The West Side Savings & Loan Association.
Do-- - ----- _ *Women's Federal Savings & Loan Association of Cleve
land.
Cleveland Heig]hts ----- *Heights Savings & Loan Co.
Columbiana -_ ----*The Home Savings & Loan Co.
Columbus
Buckeye State Building & Loan Co.
Do---The Central Building Loan & Savings Co.
1
Chartered as a Federal savings and loan association as of June 30, 1937, but not yet formally admitte
to membership in the Federal Home Loan Bank System as of that date,
104
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 80, 1937,
by States and location-Continued
oHIo-continued
Name
*Central Ohio Federal Savings & Loan Association of
Location
Columbus.-
Columbus.
Do _
S*Clintonville
Columbus.
Do--Do_
Do_
S*Hub
*--The North High Savings & Loan Co.
The Ohio Building & Loan Co.
-- _ *Ohio State Federal Savings & Loan Association.
.
*Park Federal Savings & Loan Association.
Railroad Building & Loan Co.
The Scioto Building & Loan Co.
Union Building & Savings Co.
*The Conneaut Building & Loan Co.
The Home Savings & Loan Co.
Do------Conneaut
Do
.
*The Falls Savings & Loan Association of Cuyahoga
Falls.
-
*.-Citizens Federal Savings & Loan Association of Dayton.
The Dayton Building Association.
Fidelity Building Association of Dayton.
*FirstFederal Savings & Loan Association of Dayton.
*The Gem City Building & Loan Association.
* Permanent Building & Savings Association.
*State FederalSavings & Loan Association.
*-Washington Federal Savings & Loan Association of
Dayton.
The West Dayton Savings Association.
SWest Side Building & Loan Co.
-
S
.
Do._
Do
East Palestine___.-....
----Eaton_
Elmwood Place
Do_
Elyria___
Findlay
Fostoria
Franklin
Fremont-_
Do-----Galion------Geneva-----Genoa-.-----Girard-------- .-
*The Home Loan & Savings Co.
*The Covington Building & Loan Association.
S*The Crestline Building & Loan Association.
-
---.
Dayton
Do----Do_-Do_Do--Do_
Do--Do--Do
Do_
Deer Park -Defiance----Do--Delaware
Do-----Delphos_ ----Delta
Dover-__
Do
East Liverpool_
Federal Savings & Loan Association.
The Lilley Building & Loan Co.
Do------Do_-----Do-----Do------Crestline
Coshoton----Covington
Crestline Cuyahoga Falls_
*._
Dollar Federal Savings & Loan Association.
*First Federal Savings & Loan Association of Columbus.
*-Franklin Federal Savings & Loan Association.
---
Do-----Do
Do _
Do_---Do_----Do------
Federal Savings & Loan Association of
Deer Park Building & Loan Co.
*The Defiance Home Savings & Loan Association.
*First FederalSavings & Loan Association of Defiance.
*Fidelity FederalSavings & Loan Association of Delaware.
People's Building & Loan Co.
*Citizens Federal Savings & Loan Association.
*First Federal Savings & Loan Association of Delta.
Dover Building & Loan Co.
The Surety Savings & Loan Co.
*__
First FederalSavings & Loan Association of East Liver
pool.
*The Potters Savings & Loan Co.
The Union Savings & Loan Co.
*The East Palestine Building & Loan Association.
The Eaton Loan & Home Aid Co.
Elmwood Place Loan & Building Co.
Inter-Valley Building & Loan Association.
Northern Savings & Loan Co.
Hancock Savings & Loan Co.
*Ohio Savings & Loan Association.
The Miami Valley Building & Loan Association.
*First FederalSavings & Loan Association of Fremont.
H. B. Smith Building & Loan Co.
*.First FederalSavings & Loan Association of Gallon.
The Geneva Madison Savings & Loan Association.
*--Genoa Building & Loan Association.
*Girard FederalSavings & Loan Association.
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
105
Member institutions of the Federal Home Loan Bank System as of June 30, 1987,
by States and location-Continued
oHIo-continued
Location
Glandorf ----Glendale ----Gnadenhutten
Greenfield ----Greenville ----Hamilton _----------
Name
*The Glandorf German Building & Loan Co.
The Glendale Building & Loan Association Co.
The Indian Village Savings & Loan Association.
The Home Building & Loan Co.
The Greenville Building Co.
*Columbia Federal Savings & Loan Association of
Hamilton.
*Dollar FederalSavings & Loan Association of Hamilton.
Do---------*Home Federal Savings & Loan Association of Hamilton.
Do-----------*Peoples FederalSavings & Loan Association of Hamilton.
Do-------*West Side Federal Savings & Loan Association of
Do-------Hamilton.
The Harrison Welfare Building Association.
Harrison ---------*First FederalSavings & Loan Association of Ironton.
Ironton------------*Lawrence FederalSavings & Loan Association of Ironton.
Do-----------Do_
The Liberty Building & Loan Co.
Lenox Building & Loan Co.
Ivorydale------The Jefferson Building & Loan Association.
Jefferson ----The Johnstown Building & Loan Association.
Johnstown ----*First FederalSavings & Loan Association of Kent.
Kent------------*The Home Savings & Loan Co.
Kenton------------*First Federal Savings & Loan Association of Lakewood.
Lakewood ----*Orol Federal Savings & Loan Association of Lakewood.
Do---------The Equitable Savings Loan & Building Co.
-----Lancaster
-------*Fairfield Federal Savings & Loan Association of Lan
Do
caster.
Peoples Building Loan & Savings Co.
Lebanon--------*Leesburg Federal Savings & Loan Association.
Leesburg-------*First Federal Savings & Loan Association of Lima.
Lima ------------Enterprise Building & Loan Association Co.
Lockland_----Citizens Loan & Savings Co.
London----------Do-----The London Home & Savings Co.
*Madison FederalSavings & Loan Association of London.
Do
*The Citizens Home & Savings Association Co.
Lorain -----The Lake Erie Savings & Loan Co.
Do-----The Loveland Mutual Building & Loan Co.
Loveland ----*The Home Builders Association.
Lynchburg-----Madeira Building & Loan Co.
Madeira ----The Mechanics Building & Loan Co.
Mansfield ----The Mariemont Building & Loan Association.
Mariemont ---The Marietta Savings & Loan Co.
Marietta ----Do-----Pioneer Savings & Loan Co.
-----*Marion Federal Savings & Loan Association.
Marion
*The Citizens Federal Savings & Loan Association of
Marysville_---Marysville.
*Union County Federal Savings & Loan Association of
Do
Marysville.
Massillon ----*The First Savings & Loan Co.
McArthur ----The McArthur Savings & Loan Co.
_ *The Miamisburg Building & Loan Association.
Miamisburg------Miamitown
The Miami Savings & Loan Co.
*The American Building & Loan Association of Middle
Middletown -_ -town.
--Do--Citizens Building Loan & Savings Association.
Do_----*Middletown Federal Savings & Loan Association.
-Milford ---Milford Building Loan & Savings Co.
Milford Home Building Co.
Do_---Hilltop Savings & Loan Co.
Mount Healthy----Mount Vernon -----*FirstFederalSavings & Loan Association of Mount
Vernon.
Nelsonville- --*Nelsonville Home & Savings.
106
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location-Continued
o-o-continued
Location
Name
Newark ------------*First Federal Savings & Loan Association of Newark.
- The Newark Savings & Loan Co.
Do_ --*New Carlisle FederalSavings & Loan Association.
New Carlisle------Niles -------------*Home FederalSavings & Loan Association of Niles.
Do------------- *McKinley FederalSavings & Loan Association of Niles.
*The Cleves-North Bend Building & Loan Co.
North Bend-----Norwood ----------The Central Norwood Building & Loan Association.
Do ------------- *Elsmere FederalSavings & Loan Association of Norwood
First Building & Loan Co. of Norwood.
Do -----------Do-------------The Hunter Avenue Savings & Loan Association Co.
Norwood Building & Loan Co.
Do-------------Do_-------*Norwood Federal Savings & Loan Association.
Do------------- *Norwood Home Savings Association.
Do ------------Norwood View Building & Loan Co.
Do -----------The West Norwood Building & Loan Co.
Painesville---------The Lake County Savings & Loan Co.
*The Third Savings & Loan Co.
Piqua- ------------Portsmouth ----------American Building & Loan Association.
Do -----------*Citizens Savings & Loan Association Co.
Royal Savings & Loan Co.
Do-------------Reading Building & Loan Co.
_
Reading -----------Do
_
The Valley Central Building & Loan Co.
Ripley--------------* Ripley FederalSavings & Loan Association.
Roseville ----------*Roseville FederalSavings & Loan Association.
St. Bernard- -- _
-_*FirstFederalSavings & Loan Association of St. Bernard.
Do----------St. Bernard Loan & Building Association Co.
Do--------------The St. Bernard Progressive Building & Loan Associa
tion Co.
Do ------------- The Town Hall Savings & Loan Association.
*The Union Building & Loan Co.
St. Marys----------*The Peoples Loan & Savings Co.
Sandusky ____--Do-------*The Savings Building & Loan Co.
Sharonville_ ---------The Peoples Building & Loan Association Co.
Sidney-------------*First FederalSavings & Loan Association of Sidney.
Do------------*Peoples Federal Savings & Loan Association of Sidney.
Silverton------------The Silverton Loan & Building Co.
South Euclid--------*The South Euclid Savings & Loan Co.
Springfield----------*Home City Federal Savings & Loan Association of
Springfield.
Do---------*Merchants & Mechanics Federal Savings & Loan Asso
ciation of Springfield.
Do
*---------Springfield Federal Savings & Loan Association.
The Jefferson Building & Loan Co.
Steubenville -------Do -----------The Ohio Valley Savings & Loan Co.
Do --------The Steubenville Building & Loan Association Co.
The Union Building & Loan Co.
Do ------Strasburg----------The Strasburg Savings & Loan Co.
Sunbury__----Sunbury Savings & Loan Co.
Citizens Building Association Co.
Tiffin ------------Do ------------Seneca County Building & Loan Co.
Tippecanoe City------ *Monroe Federal Savings & Loan Association of Tippe
canoe City.
Toledo -------------*The Auburndale Savings & Loan Co.
Do _--------The Corn City Savings Association.
Do ------------- *First FederalSavings & Loan Association.
Do-------------- The. Home Building & Savings Co.
Do ---*Peoples Savings Association.
Do -----------*The United Savings & Loan Association.
Troy---------------- Peoples Building & Savings Association.
Uniontown_--------- *The Uniontown Savings & Loan Association.
Urbana-------------....
*PerpetualFederalSavings & Loan Association of Urbana.
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
107
Member institutions of the Federal Home Loan Bank System as of June 30, 197,
by States and location-Continued
OHIo-continued
Location
Van Wert------Do-------Versailles ----Wapakoneta ---Warren
Do-..----Washington Court ..
Wellsville----Westerville ---West Jefferson ----Willoughby -- -West Milton--------
Wooster --Do------
---
Do-----------
Xenia
-------Youngstown ---Do_---Zanesville ---Do------Do-------
Name
*FirstFederal Savings & Loan Association of Van Wert.
*Van Wert Federal Savings & Loan Association.
The Versailles Building & Loan Co.
The Wapakoneta Building & Savings Co.
*FirstFederal Savings & Loan Association of Warren.
*The Trumbull Savings & Loan Co.
The First Building & Loan Co.
*Central Federal Savings & Loan Association of Wells
ville.
The Home Savings Co.
The West Jefferson Building & Loan Co.
*FirstFederal Savings & Loan Association of Willoughby.
*Milton FederalSavings & Loan Association.
*FirstFederal Savings & Loan Association of Wooster.
The Peoples Savings & Loan Co.
The Wayne Building & Loan Co.
*Home Federal Savings & Loan Association.
*First Federal Savings & Loan Association of Youngs
town.
*The Home Savings & Loan Co. of Youngstown.
*First Federal Savings & Loan Association of Zanesville.
*The Mutual Savings & Loan Association of Zanesville.
The Zanesville Savings & Loan Co.
OKLAHOMA
Ads ---------*Home Federal Savings & Loan Association of Ada.
An idarko-----------The American Savings & Loan Association.
Ard[more ----------- *Peoples FederalSavings & Loan Association of Ardmore.
Bar*tlesville----------- Home Savings & Loan Association.
Bro)ken Arrow--------*Broken Arrow FederalSavings & Loan Association.
*Cherokee Federal Savings & Loan Association.
Cheirokee -----------Chi ckasha----------- *Chickasha Federal Savings & Loan Association.
Cla remore ---------*Claremore Federal Savings & Loan Association.
Du]rant-------------- Durant Building & Loan Association.
Elk City ----------- *First FederalSavings & Loan Association of Elk City.
El Reno---------*El Reno Federal Savings & Loan Association.
Do--------------Investors' Building & Loan Association of El Reno.
Enid ---------------Liberty FederalSavings & Loan Association of Enid.
Failrview------------- Fairview Building & Loan Association.
*Security FederalSavings & Loan Association of Guymon.
Gu3ymon ----------Hol denville----------- Holdenville Building & Loan Association.
Ida bel--------------- The McCurtain County Building & Loan Association.
Kin.gfisher--------- *Kingfisher FederalSavings & Loan Association.
Lamvton -------The Home Building & Loan Association of Lawton,
Mc.Alester-----------McAlester Building & Loan Association.
Miaimi ------Miami Building & Loan Association.
Mu skogee- ---------- *Phoenix FederalSavings & Loan Association.
Do ------------- *Victor Building & Loan Association.
Nevvkirk-------------*Kay County Federal Savings & Loan Association of
Newkirk.
Nor man------------- Norman Building & Loan Association.
No wata------------- *State FederalSavings & Loan Association of Nowata.
Okl ahoma City-------- *American Building & Loan Association.
Do------------- *Capitol Federal Savings & Loan Association of Okla
homa City.
Do------------- *The Capitol Hill Building & Loan Association.
Do ------------- The Federal Savings & Loan Association.
Do------------- *Home FederalSavings & Loan Association of Oklahoma
City.
108
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location-Continued
OKLAHOMA-continued
Name
Location
Oklahoma City------- *Local Federal Savings & Loan Association of Oklahoma
City.
Do------------- *Mutual Savings & Loan Association.
Do------------Oklahoma City Federal Savings & Loan Association.
Do------------- *Security Federal Savings & Loan Association of Okla
homa City.
Okmulgee ------------ The Okmulgee Building & Loan Association.
Pauls Valley----------Pauls Valley Building & Loan Association.
Pawhuska_---------*Osage FederalSavings & Loan Association of Pawhuska.
Sand Springs--------- *Citizens Federal Savings & Loan Association of Sand
Springs.
Sapulpa------------- *Sapulpa FederalSavings & Loan Association.
Seminole ----------- *First FederalSavings & Loan Association of Seminole.
Shawnee ------------ *First FederalSavings & Loan Association of Shawnee.
Do------------- *Home Federal Savings & Loan Association of Shawnee.
Stillwater ---------_
The Stillwater Building & Loan Association.
Tulsa---------------* Home Federal Savings & Loan Association of Tulsa.
Do-------------*Peoples Federal Savings & Loan Association of Tulsa.
Do------------- *Security Federal Savings & 'Loan Association of Tulsa.
Do ------------- *Tulsa Federal Savings & Loan Association.
Do ------------- *United Federal Savings & Loan Association of Tulsa.
Weatherford--------- *Custer County Federal Savings & Loan Association of
Weatherford.
Wewoka------------*First FederalSavings & Loan Association of Wewoka.
*----Woodward Building & Loan Association.
Woodward
OREGON
Albany ------------- *First Federal Savings & Loan Association of Albany.
Do-------------- The Valley Building & Loan Association.
Baker--------------- *Eastern Oregon Federal Savings & Loan Association of
Baker.
Bend -------------- *Deschutes FederalSavings & Loan Association of Bend.
Corvallis------------ *First Federal Savings & Loan Association of Corvallis.
Do -----Liberty Savings & Loan Association.
Dallas-------------- *Polk County Federal Savings & Loan Association of
Dallas.
Eugene--*First Federal Savings & Loan Association of Eugene.
Do ------------- Security Savings & Loan Association.
*-FirstFederalSavings & Loan Association of Grants Pass.
Grants Pass- --Hillsboro ------------ *Tualatin Valley Federal Savings & Loan Association.
Do-------------- Washington Savings & Loan Association.
Klamath Falls------- *First Federal Savings & Loan Association of Klamath
Falls.
Lakeview ------------ *Lakeview FederalSavings & Loan Association.
Marghfield----------*West Coast Federal Savings & Loan Association.
McMinnville--------*First Federal Savings & Loan Association of McMinn
ville.
Medford-------------*First Federal Savings & Loan Association of Medford.
Do--------*Jackson County Federal Savings & Loan Association.
Do ---------- Medford FederalSavings & Loan Association.
Oregon City---------- *FirstFederalSavings & Loan Association of Oregon City.
Pendleton ---------- *First FederalSavings & Loan Association of Pendleton.
Portland ----------- *Benjamin FranklinFederal Savings & Loan Association
of Portland.
Do--------------Equitable Savings & Loan Association.
Do.------------- *FirstFederal Savings & Loan Association of Portland.
Do ---------
Roseburg ------------Do.----Salem __
Do-----------The Dalles----------
*Portland Federal Savings & Loan Association.
Douglas Building & Loan Association.
Umpqua Savings & Loan Association.
*Mutual Federal Savings & Loan Association of Salem.
*Salem FederalSavings & Loan Association.
*First FederalSavings & Loan Association of The Dalles.
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
109
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location-Continued
PENNSYLVANIA
Location
Aliquippa-----Allison -----Altoona-----Do
-------Do---------------Do
Do-----Do-----
Do-----Do---------
Do
..-----
Do---Do_----
--
Do_----Do----Do-------Do_---Do------------Do--Do-----Do
Ambler ------Ambridge------Do
Ardmore ----Atglen ----------Bakerstown ---Bangor------Beaver Falls_-Bellevue-----Bethlehem -- ---Do--Brackenridge__
Braddock ------Do_----Bradford ---Do----Do
Bridgeville
--,
Bristol
Do------Do--Butler -----Canonsburg----Carmichaels ---Carnegie_ ---Do
Do_----Do_----Do-----Do
Catasauqua----Charleroi
Do----------Do
--Chester --8
43246-38-
Name
The Workingmen's Building & Loan Association of
Woodlawn.
Allison Park Building & Loan Association.
Altoona Building & Loan Association of Altoona.
Citizens Loan & Building Association of Altoona.
Commonwealth Building & Loan Association of
Altoona.
Enterprise Loan & Building Association No. 2.
*First Federal Savings & Loan Association of Altoona.
Franklin Loan & Building Association.
G. W. Shaffer Building & Loan Association.
Industrial Building & Loan Association of Altoona.
Keystone Building & Loan Association.
Liberty Building & Loan Association.
*L. G. Runk Federal Savings & Loan Association of
Altoona.
Logan Loan & Building Association.
The Mutual Building & Loan Association of Altoona.
National Loan & Building Association of Altoona.
Peoples Building & Loan Association.
Provident Building & Loan Association of Altoona.
Security Building & Loan Association.
Standard Building & Loan Association of Altoona.
The Union Building & Loan Association of Altoona.
*Ambler Building & Loan Association.
*Ambridge Building & Loan Association.
Economy Savings & Loan Association.
*Lower Merion Federal Savings & Loan Association.
The Atglen Building & Loan Association.
Bakerstown Building & Loan Association.
Slate Belt Building & Loan Association.
Peoples Building & Loan Association.
Greater Bellevue Building & Loan Association.
Equitable Building & Loan Association.
Keystone Building & Loan Association of Bethlehem.
*Peoples Federal Savings & Loan Association of Bracken
ridge.
Community Home Savings & Loan Association.
Tri-Boro Building & Loan Association.
The Bradford Building Loan & Savings Association.
McKean County Building & Loan Association.
*The Tuna Valley Building Loan & Savings Association.
The Bridgeville Building & Loan Association.
Reliable Building & Loan Association of Bridgeville.
Croyden Building Association of Bristol.
The Merchants & Mechanics Building Association.
Townsite Building & Loan Association.
Citizens Building & Loan Association.
Chartiers Building & Loan Association.
*Home Building & Loan Association of Green County.
Anchor Building & Loan Association of Mansfield.
Carnegie Savings Building & Loan Association
Chartiers Valley Building & Loan Association.
Eureka Savings & Loan Association of Carnegie.
Own-a-Home Building & Loan Association.
Rich Valley Building & Loan Association.
Lehigh Building & Loan Association of Catasauqua.
*Charleroi FederalSavings & Loan Association.
Charleroi Slavonic Building & Loan Association of
Charleroi.
Chester Building Association of Chester.
110
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the FederalJHome Loan Bank System as of June 80,11937,
by States and location--Continued
PENNSYLVANIA-continued
Location
Name
Charleroi------------Chester Merchants and Mechanics Building Associa
tion.
Do------------- Excelsior Savings Fund.
Do------------*First FederalSavings & Loan Association.
Do--------------Industrial Building & Loan Association.
Do -----------The Iron Workers' Building Association
Clearfield-----------Clearfield Building & Loan Association.
Home Building & Loan Association of Coaldale.
Coaldale------------Collegeville ---------Trooper Heights Building & Loan Association.
Collingdale*Collingdale Federal Savings & Loan Association.
Conshohocken Building & Loan Association.
Conshohocken-------Do -------------Rising Sun Building & Loan Association.
Coplay Building Association.
Coplay --------------Coraopolis_-----Coraopolis Home Building & Loan Association.
Cornwells Building & Loan Association.
Cornwells Heights----Crafton-Ingram Building & Loan Association.
Crafton ----------Cresson ------------Pennsylvania Savings & Loan Association.
Darby------------ - Darby Building & Loan Association.
*The Sharon Building Association of the County of
Delaware County---Delaware.
Cedar Hollow Building & Loan Association.
Devault -------------Dormont Building & Loan Association.
Dormont ------------Do --- _-----Dormont-Mount Lebanon Savings & Loan Association.
West Ward Building Association.
Easton--_---------East Pittsburgh------- Electric Building & Loan Association.
Do-------------- The Union Workingmen's Premium Building & Loan
Association of East Pittsburgh.
EastStroudsburg------ East Stroudsburg Building & Loan Association.
*Ellwood City Building & Loan Association.
Ellwood City---Emsworth ------------ North Borough Building & Loan Association of Ems
worth, Ben Avon & Glenfield.
Erie ----------------- Fireside Mutual Building & Loan Association.
*FirstFederal Savings & Loan Association of Erie.
Do
-----Do ------------Mutual Building & Loan Association.
Essington Building & Loan Association.
Essington-----------Etna----------------The Peoples Building & Loan Association of Etna &
Sharpsburg.
Fair Oaks Building & Loan Association.
Fair Oaks-----*Armstrong County Building & Loan Association of
Ford City----------Ford City.
Fort Washington------ Fort Washington Building & Loan Association.
Franklin Home Building & Loan Association.
Franklin ----------Mutual Building & Loan Association of Beaver County.
Freedom- -----------Freeland ------------ The Freeland Building & Loan Association.
The Glenolden Building & Loan Association.
Glenolden ---------*Grove City Building & Loan Association.
Grove City---------*FirstFederal Savings & Loan Association of Hanover.
Hanover---______---Hawley- ------------- The Hawley Building & Loan Association.
Hope Church Building & Loan Association.
Hays---------------Hazleton------------* Hazleton Federal Savings & Loan Association.
Homestead- ---------- *First Federal Savings & Loan Association of Homestead.
Mifflin Savings Building & Loan Association.
Do------------ Franklin Building & Loan Association of Huntingdon.
Huntingdon---Bethayres Building Association.
Huntingdon Valley --*Montour Valley Savings Building & Loan Association.
Imperial------------Indiana County Building & Loan Association.
Indiana
2
*First Federal Savings & Loan Association of Irwin.
Irwin- -----------Jenkintown ----------- Abington Building Association.
- *York Road Federal Savings & Loan Association of
Do----Jenkintown.
2Withdrawn from membership in the Federal Home Loan Bank System as of June 30, 1937, but charter
as a Federal savings and loan association not yet canceled as of that date.
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
111
Member institutions of the Federal Home Loan Bank System as of June S0, 1937,
by States and location--Continued
PENNSYLVANIA-Continued
Location
Johnstown -Do_
Do_
Kane -
Kennett Square_
Kingston ___
Kutztown Lancaster_
Do
Langhorne---Do
Lansdale_
Do--Do
Lansdowne--_
Lenni ---Lewistown __
Do--Lock Haven_
Malvern------_
Manayunk __
McKeesport
Do_---
McKees Rocks
Do--Media-__
Millvale-----Do
Do
Do --
Name
*First Federal Savings & Loan Association of Johnstown.
*Friendly City Federal Savings & Loan Association.
*Johnstown Federal Savings & Loan Association.
Kane Building & Loan Association.
Progressive Building & Loan Association of Kennett
Square.
West Side Building & Loan Association.
Kutztown Building & Loan Association.
Industrial-Building & Loan Association of Lancaster.
The Peoples' Building Loan & Deposit Co.
Langhorne Building & Loan Association No. 2.
Mutual Building & Loan Association of Langhorne.
Hatfield Building & Loan Association.
Honor Building & Loan Association.
North Penn Building & Loan Association of Landsale.
Lansdowne Building & Loan Association.
The Central Loan & Savings Association of Lenni.
Lewistown Standard Building & Loan Association.
The Mifflin County Building & Loan Association.
Lock Haven Building & Loan Association.
Malvern & Duffryn Mawr Building & Loan Associa
tion.
*St. John's Building & Loan Association.
McKeesport Savings & Loan Association.
Peoples Building & Loan Association.
SAmerican Slovak Building & Loan Association of
McKees Rocks.
Chartier's Building & Loan Association of McKees
Rocks.
Second Media Loan & Savings Association.
Grant Building & Loan Association.
Millvale Building & Loan Association of Millvale
Borough.
Revenue Building & Jpoan Association,
Milton -----Minersville- - -
Monaca_-
Shaler Building & Loan Association of Shaler Town
ship.
Building & Loan Association of Milton.
Minersville Progressive Building & Loan Association
of Minersville.
Cammar Building & Loan Association.
Do -Morrisville
Morton-----
Mount Carmel_
Mount Oliver
New Castle_
Do Do
Do.-
Norristown
Do---
*Phillipsburg Building & Loan Association of Beaver
County.
The Mechanics Mutual Loan & Building Association of
Bucks and Mercer Counties.
*Morton Building & Loan Association.
Miners & Laborers Building & Loan Association.
S*First Federal Savings & Loan Association of Mount
Oliver.
Dollar Savings Association of Lawrence County.
Equitable Building & Loan Association of New Castle.
*New Castle Mutual Building & Loan Association.
Pennsylvania Savings Fund Association of New Castle.
Norris'Building Association.
ThePeoples Building & Loan Association of Norris
town.
Oakdale
Oil City-------
Oakdale Savings & Loan Association.
Oreland
Pen Argyl
Oreland Building Association.
Pen Argyl Building & Loan Association.
Philadelphia
-_
Do------
Home Savings & Loan Association of Oil City.
Lincoln Building & Loan Association.
Acorn Building Association.
S*Abraham
112
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 80, 1937,
by States and location--Continued
PENNSYLVANIA-continued
Location
Philadelphia -------Do
Name
Do -----Do------Do-----Do-----Do
-------
Do_----Do
Do-----Do-----Do-----Do-----Do-----Do------------Do
Do----Do
Do
Do
Do
Do
Do---------Do
Do------
*Albert Lawrence Building & Loan Association
All-Frankford Building & Loan Association.
Alvin Building & Loan Association.
*Aramingo Building & Loan Association.
The Ark Building & Loan Association.
Arthur P. Keegan Building & Loan Association.
The Art-Workers' Building & Loan Association.
Banater Building & Loan Association.
The Bellevue Building & Loan Association.
The Berean Building & Loan Association.
Broad & Chestnut Streets Building & Loan Association.
The Buckley Building & Loan Association.
Bush Hill Building Association No. 2.
Cannstatter Building Association.
Carver Building Association.
The City of Homes Building & Loan Association.
The Commonwealth Building Association.
The Corinthian Building & Loan Association of Phila
delphia.
Corona Building & Loan Association.
David Smyth Building & Loan Association.
Durable Building & Loan Association.
East Girard Building & Loan Association.
*East Indiana Avenue Building & Loan Association.
Edward G. Budd Building & Loan Association.
*Eighth Street Business Men's Building & Loan Associa
tion.
Do_-------Do----------Do-----
Do-----Do------------
Do------
---
Do--------Do----Do----Do-----Do-----Do------
-
Do
Do----------
Do-----Do-----------Do
Do -------------
Do-----Do_-----
Do
Do------------Do------------Do------------Do-----------Do------------Do_------------Do._.
The Equitable Building & Loan Association of Ger
mantown.
Ernest L. Tustin Building & Loan Association.
The Fifth Mutual Building Society.
The First American-Hungarian Building & Loan Asso
ciation.
*First Federal Savings & Loan Association of Phila
delphia.
*First Federal Savings & Loan Association of South
Philadelphia.
*The First Italo-American Building Association of
Philadelphia.
The First National Building & Loan Association.
*The Forty-third Ward Building & Loan Association.
*Forty-first Ward Building & Loan Association.
*Founders Building & Loan Association.
*Fox Chase Building Association No. 1.
The Frankford Building & Loan Association.
Franklin Building & Loan Association No. 6 of the
City of Philadelphia.
Front & Huntingdon Building & Loan Association.
*The Garfield Building Association of Philadelphia.
General Lawton Building & Loan Association.
German Tnterprise Building Association.
Germantown Building & Loan Association.
*Germantown Federal Savings & Loan Association.
Girard Savings & Loan Association.
Gorgas Building & Loan Association.
The Grand Union Building Association.
Greater Eastwick Building & Loan Association.
Greater Fox Chase Building & Loan Association.
Greater Northeast Building Association.
Green Lane Building & Loan Association of Rox
borough.
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
113
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location--Continued
PENNSYLVANIA-Continued
Name
Location
The Greene and Logan Building & Loan Association.
The Haverford Loan & Building Association of Phila
delphia.
Philadelphia ----Do
_
Do-------------Hestonville
Building & Loan Association.
*The Home Building & Loan Association.
Do-------Do---------
Home-Builders' Building & Loan Association.
Do ----------Do ------------
Home Building Society.
The Home Makers Building & Loan Association.
Do---
Independence Building & Loan Association.
-
Do--------------The Independence Square Building & Loan Associa
tion.
Do--_----_--- *Italian Building & Loan Association of Manayunk.
Jackson Building & Loan Association.
Do _---------,
Do ----------*James Martin Building & Loan Association.
Do-----------James W. Queen Building & Loan Association.
_ The John Sobieski Building & Loan Association.
Do_---Do ------------ Jozef Poniatowski Building & Loan Association.
Do--------------Kazimierz Wielki Building & Loan Association.
Do--------------The Kensington Avenue Building & Loan Association.
Do------------
The Kensington Building Association.
Do-------------
*Keystone ,State Building & Loan Association of
Germantown.
The Kirlin Building & Loan Association.
Do------------Do-------------Lansdowne Avenue Building & Loan Association.
Do-------------- The Leverington Savings Fund & Loan Association of
Roxborough.
Do-------------*Lower Dublin Building & Loan Association of Bustle
ton.
Do-------- The Manheim Building & Loan Association of German
town, Philadelphia.
Do-----------Mantua Building Association No. 2.
Do------------- *Marconi Italian Building & Loan Association of
Philadelphia.
Do_
--------Matoaca Building & Loan Association.
Do-------------- Merrick-Annual Building & Loan Association.
Do-
- *Metropolitan
*-----Federal Savings & Loan Association of
Philadelphia.
*Mid-city Federal Savings & Loan Association of Phila
delphia.
Do ------------- *Milestown Building & Loan Association.
Do -----------The Mortgage Security Building & Loan Association.
Do ------------*National Security Building Association.
Do ------------- *New Concordia Building Association.
Do ------------New Southwark Building Association.
Do -- ---------*Nicholson FederalSavings & Loan Association.
Do--------------North East Square Building & Loan Association.
Do-------------*North Philadelphia Mutual Building & Loan Associa
tion.
Oakdale Building & Loan Association.
Do-------------Do-------------The Old Hickory Building & Lban Association of the
City of Philadelphia.
Do-------------Old York Road Building & Loan Association.
Do-------------- Olney Building & Loan Association.
Do-----------Orinoka Building & Loan Association.
Do ------------- *Our Home Building & Loan Association.
Do------------- Pelham Building & Loan Association.
Do- ----------- *Penn Federal Savings & Loan Association of Phila
delphia.
Do-------------
Do ---Do----.............
The Penn Mutual Building & Loan Association of
Germantown.
*Penn Treaty Building Association.
114
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 80, 1937,
by States and location-Continued
PENNSYLVANIA-continued
Location
Philadelphia- -------Do-- -----------
Name
*PhiladelphiaFederal Savings & Loan Association.
*PhiladelphiaSuburban FederalSavings & Loan Associa
tion.
Do --American Federal Savings & Loan Association of
*--------Polish
Philadelphia.
Do-------- Polonia Building & Loan Association.
Do ---------Preston Building & Loan Association.
Do--------------The Progressive Home Building & Loan Association.
Do -----------Provident Building & Loan Association of Philadelphia.
Do -----------Prudential Building & Loan Association of Philadelphia.
Do-------------*Quaker City FederalSavings & Loan Association.
Do-------------*The Real Estate Loan Association.
Reliance Building & Loan Association of Germantown.
Do-----------Reserve Building & Loan Association.
Do
--------Do--------Rowland Building & Loan Association.
The Roxborough Building & Loan Association.
Do
-------Do_-----St. Agatha's Building & Loan Association.
The St. Carthage Building & Loan Association.
Do-------St. Charles Building & Loan Association.
Do------ The St. Charles Building & Loan Association No. 2.
Do ------St. Edmond's Building & Loan Association.
Do-------Do------------*St. Gabriel Building & Loan Association.
St. Simeon's Building & Loan Association.
Do----------Do-------The Sarsfield Building & Loan Association.
Do-------------*Second Federal Savings & Loan Association of Phila
delphia.
Simon Building Association.
Do ----------Building & Loan Association of
Do-------------The South Broad Street
M
~s
Philadelphia.
South Star Building & Loan Association.
Do--------------South West Building Association.
Do-------------Southwestern Business Men's Building & Loan Associa
Do-------------tion.
*The Stephen Girard Savings Loan & Building Associ
Do------------ation.
Tadeusz Kosciusko Building & Loan Association of
Do ----------Manayunk.
Do __--------_ Third Bluecher Building Association.
*---_-----Thirty-sixth Ward Building & Loan Association.
Do
Tulpehocken Building & Loan Association of Phila
Do-----delphia.
Do_- -- Turner's Building Association.
Twenty-second Street Building & Loan Association.
Do-----------*Twenty-seventh Ward Building & Loan Association.
Do----------*Unity Building & Loan Association.
Do ------------*Varsity Building & Loan Association.
Do ------------Visitation-Meteor Building & Loan Association.
Do -------------__---The Walnut Street Building & Loan Association.
Do
Building & Loan Association.
Do---------- - -Warsaw
The West Columbia Avenue Building & Loan Associa
Do -----------tion.
Do--------------West Philadelphia Germania Building & Loan Asso
ciation.
*The Westmoreland Building & Loan Association.
Do------_----West Tioga Building & Loan Association.
Do------------Wharton Building Association No. 3.
Do -----------Do--------------William Krause Building Association of Philadelphia.
Windthorst Building & Loan Association.
Do-------------The Pitcairn Building & Loan Association.
Pitcairn ----Pittsburgh- --------- Allegheny City Premium Building & Loan Association.
Allen-Knox Building & Loan Association.
Do --------------
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
115
Member institutions of the FederalJHomelLoanBank System as of June 30, 1937,
by States and location-Continued
PENNSYLVANIA-continued
Location
Pittsburgh_
Name
Allentown Turn Building & Loan Association of Thirty
first Ward.
Do-----Do
Do_
Do------
American Iron Building & Loan Association.
Do
Do
Do Do.
Beltzhoover Building & Loan Association.
Bloomfield Building & Loan Association.
Brentwood Building & Loan Association.
Brighton Building & Loan Association of Allegheny
City.
Do _
Brighton Heights Building & Loan
Do-Do
Do
Do
Do -Do
Do
Do
Do-----Do-----Do-----Do
Do
Do
Do
Do
Do
Do
Do_
Do_
Do-----Do-----Do
Do
Do
Do-----Do-----Do-----Do
Do ----Do-Do--..-Do--.--Do-----Do
Do
Do-----Do-----Do-----Do-
Arlington Avenue Building & Loan Association.
Armstrong Cork Workers Building & Loan Association.
Belmar Building & Loan Association.
Association of
Pittsburgh.
Brookline Building & Loan Association.
Brushton District Building & Loan Association.
Carrick Building & Loan Association.
Casino Ten Cent Building & Loan Association.
Collins Avenue Building & Loan Association.
Colonial Building & Loan Association of Pittsburgh.
Columbus Building & Loan Association No. 3.
Commercial Building & Loan Association of Pitts
burgh.
Concord Premium Building & Loan Association.
Crailo Building & Loan Association.
Crescent Building & Loan Association No. 2.
Crescent Building & Loan Association of North Side,
Pittsburgh.
Croatian Building & Loan Association.
Dime Building & Loan Association of the Twenty-fifth
Ward.
Duquesne Heights Building & Loan Association.
Eagle Building & Loan Association No. 2.
The Eagle Building & Loan Association.
_ *East End Federal Savings & Loan Association of Pitts
burgh.
East Park Premium Building & Loan Association.
Economy Building & Loan Association of North Side.
Economy Building & Loan Association No. 2 of North
Side.
Edward E. Rieck Bulding & Loan Association.
Enterprise Building & Loan Association.
Eureka Savings Fund & Loan Association.
Fair Haven Building & Loan Association.
Federal Building & Loan Association of Pittsburgh.
Fidelity Building & Loan Association.
The Fifth Avenue Traction Building & Loan Associa
tion of Pittsburgh.
*First FederalSavings & Loan Association of Pittsburgh.
First Mortgage Building & Loan Association.
*Fort Pitt Federal Savings & Loan Association.
Foster Building & Loan Association.
The Franklin Building & Loan Association.
Friendship Building & Loan Association.
Garfield Mutual Building & Loan Association.
Grandview Building & Loan Association.
Great Eastern Building & Loan Association of Pitts
burgh.
Greenfield Building & Loan Association.
Harmony Building & Loan Association, No. 2, Sixth
Ward, Pittsburgh.
Hastings Building & Loan Association of Pittsburgh.
116
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 80, 1937,
by States and location-Continued
PENNSYLVANIA-continued
Name
Location
Pittsburgh ----_
Do-----Do-----Do-----Do-----Do------Do,-----Do --------Do_ --Do------
Do--
Do----Do-----Do-----_----Do
Do-----Do----Do. -----Do-----Do-----Do------
Do-----Do-----Do-----Do------
Lower St. Clair Building & Loan Association.
Do.-_----Do
------Do-------Do-..----Do--------
Do--Do------
---
Do--Do-----Do
Do
Do
Do
Do
Do
Do..
- -
Hemlock Building & Loan Association.
Hibernian Building & Loan Association of the city of
Pittsburgh.
Hill Top German Building & Loan Association of
Pittsburgh (South Side).
Home Building & Loan Association of Bellevue.
Home Building & Loan Association of Thirty-First
Ward.
Home Mutual Building & Loan Association.
Homewood Building & Loan Association.
The Hope Building & Loan Association of Allegheny
City.
Improved Washington Building & Loan Association.
Iron and Glass Building & Loan Association of Pitts
burgh.
Josephine Building & Loan Association, No. 3 of Pitts
burgh.
Josephine Dime Building & Loan Association.
Juniata Premium & Loan Association.
Justice Building & Loan Association of Pittsburgh.
The Knights Life Insurance Company of America.
The Knoxville Building & Loan Association.
Kordecki Building & Loan Association.
*Lang Avenue Federal Savings & Loan Association of
Pittsburgh.
*Lehigh Building & Loan Association.
Lemington Building & Loan Association of Pittsburgh.
Liberty Building & Loan Association, No. 6, of N. S.
Pittsburgh.
Lincoln Avenue Building & Loan Association of Pitts
burgh.
-
Mathilda Building & Loan Association of Pittsburgh.
The Merchants' Building & Loan Association of Pitts
burgh.
The Modern Building & Loan Association of Pitts
burgh.
Monroe Building & Loan Association.
Mount Lebanon Building & Loan Association.
Mount Oliver & Knoxville Building & Loan Associa
tion.
Mount Troy Building & Loan Association of Reserve
Township, Allegheny County.
Mozart Building & Loan Association of Pittsburgh,
West End.
The New American Building & Loan Association of
Pittsburgh.
New Century Building & Loan Association of Pitts
burgh.
The New Columbia Building & Loan Association.
New Eighteenth Ward German Building & Loan Asso
ciation.
North Avenue Building & Loan Association, No. 3.
The Old Reliable Building & Loan Association of
Allegheny.
Orpheus Building & Loan Association of Pittsburgh.
Overbrook Building & Loan Association of Overbrook
Borough.
The Pattison Building & Loan Association.
Penn-Hays Building & Loan Association of Mount
Oliver.
Penn System Building & Loan Association,
117
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 3O, 1937,
by States and location-Continued
PENNSYLVANIA-continued
Name
Location
Peoples Home Building & Loan Association of Pitts
burgh.
Do ------------ Pittsburgh Realty Building & Loan Association.
Do-------------- Pius Building & Loan Association of the Twenty
Seventh Ward.
Do--------------Pleasant Valley Building & Loan Association.
Do -------------- The Polonia Building & Loan Association.
Do---------Potomac Building & Loan Association.
Do-------------- The Powderly Building & Loan Association of Pitts
burgh (South Side).
Do ------------ Progressive Mutual Savings & Loan Association.
Do-----------_ Prospect Building & Loan Association.
Do ------------- Relief Building & Loan Association.
Pittsburgh_---------
Do--------
The Roosevelt Premium Building & Loan Association
Do---------
The Rose Building & Loan Association of Pittsburgh.
Do_-----------Do ------------
Safe Investment Building & Loan Association.
Sarah Building & Loan Association of Pittsburgh (South
Side.
Do ------
Schenley Building & Loan Association.
of Allegheny City.
Schenley Savings Fund & Loan Association of Pitts
burgh.
Do ----- Schiller Glocke Building & Loan Association.
Do-------------- The Security Savings Fund & Loan Association of
Pittsburgh.
Do-------------- Security Ten Cent Loan Association of Pittsburgh.
Do--------------Sheraden Building & Loan Association.
Do-------------
Do -------
-
Smoky City Building
& Loan
Association
of the
Twenty-Fourth Ward.
Do-------------
South Hills Building & Loan Association.
Do--------------South Twelfth Street Building & Loan Association.
Do ------------ South View Building & Loan Association.
Do--------------Spring Hill Premium Building & Loan Association
No. 2.
,Do--------------Standard Building & Loan Association.
Do------------- *Steel City Building & Loan Association.
Do ------------The Steuben Building & Loan Association of Pitts
burgh.
Do-------------- Stewart Avenue Building & Loan Association.
Do--------------The Ten Cent Tutor Building & Loan Association of
the West End, Pittsburgh.
Do--------------The Teutonia Premium Building & Loan Association
No. 2 of Allegheny City.
Do -------------- Thirteenth Ward Premium Building & Loan Associa
tion of Pittsburgh (North Side).
Do ------------- The Thrift Building & Loan Association of Dormont.
Do--------------Thirty-First Ward Building & Loan Association.
Do--------------Traction Building & Loan Association.
Do-------------*Tunnel Federal Savings & Loan Association of Pitts
burgh.
Do--------------Twelfth Ward Premium & Loan Association of Alle
gheny City.
Do ------------- Twentieth Ward Building & Loan Association.
Do-----------Twenty-Eighth Ward Building & Loan Association.
Do -------------- The Twenty-First Ward Building & Loan Association
No. 4 of Pittsburgh.
Do-------------*Twenty-Seventh Ward Building & Loan Association.
Do--------------Twenty-Seventh Ward Savings & Loan Association.
Do-----Do._-Do---
Twenty-Third Ward Building & Loan Association.
United Ukranian Building & Loan Association.
Unity Building & Loan Association.
118
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location-Continued
PENNSYLVANIA-continued
Name
Location
Pittsburgh ------------
The Valley Premium Building & Loan Association of
Allegheny City.
Do
--Warrington Building & Loan Association.
Do -----*West End Building & Loan Association of Pittsburgh.
Do ------------Western Pennsylvania Building & Loan Association of
Allegheny.
Do
-----_
West View Building & Loan Association.
Do ---Westwood Building & Loan Association.
Do
-------- William Penn Building & Loan Association of Pitts
burgh.
Do--------------Workingmen's Premium & Loan Association of Alle
gheny City.
Pittston-____--___
*First FederalSavings & Loan Association of Pittston.
Pottstown -__
___
Pottstown Building & Loan Association.
Pottsville
_--- Greater Pottsville Building & Loan Association.
Prospect Park -----The Ridley Building Association.
Reading -. ______
Reading Savings & Loan Association.
Ridgway ------The Ridgway Building & Loan Association.
Ridley Park---------- Ridley Park Building Association.
Scranton.----------- *First Federal Savings & Loan Association of Scranton.
Do ------------- Lackawanna Building Savings & Loan Association.
Shamokin --------The Black Diamond Building & Loan Association of
Shamokin.
Do -------------- Keystone Building & Loan Association of Shamokin.
Do-----------The Union Building & Loan Association of Shamokin.
Do ---------The West Ward Building & Loan Association of
Shamokin.
Sharon --- __. Sharon Building & Loan Association.
Do --------------
Valley Savings & Loan Association.
Sharon Hill-----------The Home Building & Loan Association of Sharon Hill
and Collingdale.
Sharpsburg
-
*Keystone Federal Savings
&
Loan Association of
Sharpsburg.
Shenandoah --------- Government Building & Loan Association.
Do ------------- The Mutual Building & Loan Association.
Somerton ----------- Somerton Building & Loan Association.
Souderton ----------- The Souderton Building & Loan Association.
South Bethlehem------ The South Bethlehem Building & Loan Association.
South Langhorne------ Eden Building Association.
Springdale ------------ Springdale Building & Loan Association.
Steelton-------------- The Mechanics Building & Loan Association.
Strabane ------------- Slovenian Savings & Loan Association of Canonsburg.
Summit Hill----------The Homestead Building & Loan Association.
Swissvale ------------- Swissvale Home Building & Loan Association.
Trevose- ------------- Trevose Building & Loan Association.
Tully Town---------- William Penn Mutual Loan & Building Association.
Vandergrift ---------- *Vandergrift Federal Savings & Loan Association.
Verona-------------Home Loan & Savings Association of Verona.
Do--------------Verona Building & Loan Association.
Washington ---------- County Building & Loan Association of Washington.
Do------------- Equitable Building & Loan Association of Washington.
Do ------------- Industrial Building & Loan Association of Washington.
Waynesburg -------- Security Building & Loan Association.
The Mantua Building Association.
West Philadelphia----*First Federal Savings & Loan Association of Wilkes
Wilkes-Barre--Barre.
Do------------- *Franklin Federal Savings & Loan Association of
Wilkes-Barre.
Do------ Wyoming Valley Building & Loan Association.
Wilkinsburg---------- *First Federal Savings & Loan Association of Wilkins
burg.
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
119
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location--Continued
PENNSYLVANIA-continued
Location
Wilkinsburg --------.
Do-------------
---
Do---
Williamsport -------Do
Wilmerding ------Do_---Wyndmoor -------Yardley
Name
Standard Builaing & Loan Association of Wilkins
burg.
*Wilkinsburg Federal Savings & Loan Association.
Wilkinsburg Savings & Building Loan Association.
*First Federal Savings & Loan Association of Williams
port.
*Williamsport FederalSavings & Loan Association.
Air Brake Building & Loan Association.
*FirstFederalSavings & Loan Association of Wilmerding.
Wyndmoor Building & Loan Association.
Yardley Building & Loan Association.
RHODE ISLAND
East Greenwich ----Providence -----
--
Do---Do-
-----
East Greenwich Savings Fund & Loan Association.
*First FederalSavings & Loan Association of Providence.
Old Colony Cooperative Bank.
Telephone Workers' Building & Loan Association.
SOUTH
Anderson ----Do----Beaufort ----Camden ---------Do-----Charleston ----Cheraw ---------Clemson----------Clinton-----------Columbia---------Do--------DoDarlington ---------Dillon-------Florence------Gaffney -----Georgetown -------Greenville ----Do-------Greenwood ---Hartsville ---Kingstree -----Lancaster-----Laurens-----Marion -----Newberry-----New Brookland ----North Charleston----Orangeburg----Do_--Rock Hill
Do_
Spartanburg --Do-------
CAROLINA
*First Federal Savings & Loan Association of Anderson.
The Perpetual Federal & Loan Association of Anderson.2
*First Federal Savings & Loan Association of Beaufort.
*First FederalSavings & Loan Association of Camden.
The Wateree Building & Loan Association.
*The FirstFederalSavings & Loan Association of Charles
ton.
*First Federal Savings & Loan Association of Cheraw.
*FortHill FederalSavings & Loan Association of Clemson.
*Citizens Federal Savings & Loan Association.
*Home Federal Savings & Loan Association of Columbia.
*Security FederalSavings & Loan Association of Colum
bia.
*Standard Building & Loan Association.
*First FederalSavzngs & Loan Association of Darlington.
*The Federal Savings & Loan Association of Dillon.
*Peoples Federal Savings & Loan Association,
*Piedmont FederalSavings & Loan Association of Gaffney.
*FirstFederal Savings & Loan Association of Georgetown.
*Fidelity FederalSavings & Loan Association.
*First Federal Savings & Loan Association of Greenville.
Greenwood Building & Loan Association.
*First Federal Savings & Loan Association of Hartsville.
*Kingstree Federal Savings & Loan Association.
*First Federal Savings & Loan Association of Lancaster.
Palmetto Building & Loan Association.
*Marion Federal Savings & Loan Association.
*Newberry FederalSavings & Loan Association.
*Lexington County Building & Loan Association.
*Cooper River Federal Savings & Loan Association of
North Charleston.
Home Building & Loan Association.
Orangeburg Building & Loan Association.
*First Federal Savings & Loan Association of Rock Hill.
*Mechanics Federal Savings & Loan Association.
*First Federal Savings & Loan Association of Spartan
burg.
*Piedmont FederalSavings & Loan Association of Spar
tanburg.
2Withdrawn from membership in the Federal Home Loan Bank System as of June 30, 1937, but charter
as a Federal savings and loan association not yet canceled as of that date.
120 ANNUAL
REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location--Continued
SOUTH CAROLINA-continued
Location
Sumter- ----------Union-_----------Winnsboro ------Woodruff ____-_
York--------------__
Name
*First Federal Savings & Loan Association of Sumter.
* Union Federal Savzngs & Loan Association.
*--Community Federal Savings & Loan Association of
Winnsboro.
*Woodruff Federal Savings & Loan Association.
Peoples Building & Loan Association.
SOUTH DAKOTA
Aberdeen_---------_
Brookings -----------Canton-------------Lemmon -----Madison_------_----_
Rapid City ---------Do -----------Redfield -------------Sioux Falls ---------Watertown---------_
Webster
Yankton -----__--
*Aberdeen FederalSavings & Loan Association.
Brookings Building & Loan Association.
*FirstFederal Savings & Loan Association of Canton.
*Lemmon
*---Building & Loan Association.
The Madison Building & Loan Association.
Black Hills Building & Loan Association.
*First Federal Savings & Loan Association of Rapid Czty.
Redfield Building Loan & Savings Association.
H ome Savings Association.
*First Federal Savings & Loan Association of Watertown.
Webster Building Loan & Savings Association.
*Yankton Building & Loan Association.
TENNESSEE
Athens ------------*Athens Federal Savings & Loan Association.
Chattanooga --------*First FederalSavings & Loan Association of Chattanooga.
Cleveland ----------- *Cleveland Federal Savings & Loan Association.
Coal Creek -----*Coal Creek Federal Savings & Loan Association.
Cookeville_--------- *Cookeville Federal Savings & Loan Association.
Covington -*Tipton County Federal Savings & Loan Association of
Covington.
Dickson------------*_
First Federal Savings & Loan Association of Dickson.
Dyersburg-----------* Dyer County Federal Savings & Loan Association of
Dyersburg.
Elizabethton--------- *Elizabethton Federal Savings & Loan Association.
Erwin-_------------ *FirstFederal Savings & Loan Association of Erwin.
Fayetteville ----------Home Building & Loan Association.
Greeneville ---------*First FederalSavings & Loan Association of Greeneville.
Humboldt------------Home Savings & Loan Association.
Jackson -----------*First Federal Savings & Loan Association of Jackson.
Johnson City--------- *First Federal Savings & Loan Association of Johnson
City.
Do------------- *Home Federal Savings & Loan Association of Johnson
City.
Kingsport----------- *Kingsport FederalSavings & Loan Association.
Knoxville-----------*Home Federal Savings & Loan Association of Knoxville.
La Follette ---------- *First FederalSavings & Loan Association of La Follette.
Lawrenceburg--------* Lawrenceburg FederalSavings & Loan Association.
Lenoir City----------* Lenoir City Federal Savings & Loan Association.
*First Federal Savings & Loan Association of Maryville.
Maryville-----------*First Federal Savings & Loan Association of Memphis.
Memphis-----------*Home Federal Savings & Loan Association of Memhpis.
Do -----------Do ------------- *Leader FederalSavings & Loan Association of Memphis.
Morristown_--------- *Morristown Federal Savings & Loan Association.
Mount Pleasant ------- Maury County Federal Savings & Loan Association of
Mount Pleasant.
Murfreesboro--------- *Murfreesboro FederalSavings & Loan Association.
*Fidelity Federal Savings & Loan Association of Nash
Nashville-----------ville.
*-------------First
Federal Savings & Loan Association of Nashville.
Do
Newport------------ *Newport Federal Savings & Loan Association.
Paris---__----------- *ParisFederalSavings & Loan Association.
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
121
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location-Continu(ed
TENNESSEE-continued
Location
Pulaski -- ----Rockwood --------Springfield_---Trenton-----Tullahoma--------Union City----Waynesboro ----
Name
*Pulaski Federal Savings & Loan Association.
*Rockwood FederalSavings & Loan Association.
*FirstFederal Savings & Loan Association of Springfield.
*Trenton FederalSavings & Loan Association.
*Tullahoma FederalSavings & Loan Association
*FirstFederalSavings & Loan Association of Union City.
*FirstFederalSavings & Loan Association of Waynesboro.
TEXAS
------Abilene
Alice------Amarillo ------Do.---Athens -_----Atlanta -----Austin -----Do-----Bay City_----Beaumont ---Do_--Do_---
*Abilene Building & Loan Association.
*Alice FederalSavings & Loan Association.
*First Federal Savings & Loan Association of Amarillo.
*Panhandle Building & Loan Association.
*Athens Federal Savings & Loan Association of Athens.
*Atlanta Federl Savings & Loan Association.
*First FederalSavings & Loan Association of Austin.
Mutual Deposit & Loan Co.
*Bay City FederalSavings & Loan Association.
*Beaumont Federal Savings & Loan Association.
*First Federal Savings & Loan Association of Beaumont.
*Home Building & Loan Association.
*First Federal Savings & Loan Association of Beeville.
Beeville
*Bell County FederalSavings & Loan Association.
Belton---------*FirstFederalSavings & Loan Association of Big Springs.
Big Springs ------Brady Building & Loan Association of Texas.
Brady --------*First Federal Savings & Loan Association of Brecken
Breckenridge ----ridge.
Brenham ----Brenham Building & Loan Association.
_
*Brownsville FederalSavings & Loan Association.
Brownsville- ---*Brownwood Federal Savings & Loan Association.
Brownwood_---Bryan Building & Loan Association.
Bryan ----------*First Federal Savings & Loan Association of Childress.
Childress _---*Colorado Federal Savings & Loan Association.
ColoradoColumbus ----*Colorado County FederalSavings & Loan Association.
Commerce ---*Commerce Federal Savings & Loan Association.
Conroe_---*Conroe Federal Savings & Loan Association.
*First Federal Savings & Loan Association of Corpus
Corpus Christi -----Christi.
Corsicana -----*CorsicanaFederal Savings & Loan Association.
Crockett-----*Davy Crockett Federal Savings & Loan Association.
----------Cuero
*Cuero Federal Savings & Loan Association.
Dalhart-----*DalhartFederal Savings & Loan Association.
*Dallas Building & Loan Association.
Dallas ---------Do _
The Dallas Homestead & Loan Association.
Do------*FirstFederal Savings & Loan Association of Dallas.
Do_-----*GuardianFederalSavings & Loan Association of Dallas.
Do_
*Metropolitan Building & Loan Association.
Do_
Texpolite Building & Loan Association.
Del Rio--*FirstFederal Savings & Loan Association of Del Rio.
Denison---*Denison Federal Savings & Loan Association.
enton ----*Denton Federal Savings & Loan Association of Denton.
Electrao-------------*Electra Federal Savings & Loan Association.
El Deno
Paso_
----------------- *El Paso Federal Savings & Loan Association.
*First Federal Savings & Loan Association of El Paso.
Do
*Mutual FederalSavings & Loan Association of El Paso.
*Equitable Building & Loan Association.
*Fort Worth Building & Loan Association of Fort Worth.
*Tarrant County Building & Loan Association of Fort
orh-----------,,
Fort Do------------Do - - - - - Worth.
Fredericksburg ----*Fredericksburg FederalSavings & Loan Association.
Gainesville ----------Hesperian Building & Savings Association.
122
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location-Continued
TEXAs-continued
Location
Name
------Galveston
Do----Garland ------------
Georgetown__--Gladewater ---Goose Creek_--Graham ----Greenville ----- _
Do_----------
Henderson _____
Hillsboro ----Houston_--Do------Do_----
___
Huntsville ----Jacksonville -------Jasper_-----Kerrville -----Kilgore ----------Lamesa------Lampasas ---Laredo------Liberty_-----Longview ------Lubbock-----Lufkin---------Luling -Marshall
Do
---McAllen----McKinney----Mesquite ----Mexia_------Midland ------Mineola ----Mineral Wells -----Mount Pleasant ----Nacogdoches ------Navasota-----New Braunfels -----__-Olney--_
Orange--___- __
Palestine
Pampa_----Paris -------Pecos-------_
Plainview ------Port Arthur_---
Quanah_-____
_____
Ranger_--Rosenberg_-_------_
Rusk
San Angelo----Do-----San Antonio --Do----Do_---Do .----San Marcos-------
American National Insurance Co.
*Bankers Home Building & Loan Association.
*Garland FederalSavings & Loan Association.
*Georgetown Building & Loan Association.
*Gladewater Federal Savings & Loan Association.
*Harris County Federal Savings & Loan Association.
*Graham Federal Savings & Loan Association.
*First Federal Savings & Loan Association of Greenville.
*Mutual Building & Loan Association.
*Henderson Federal Savings & Loan Association.
*Hillsboro Federal Savings & Loan Association.
*Gibraltar Savings & Building Association.
*Houston Building & Loan Association.
*Liberty Loan & Building Association.
Huntsville Building & Loan Association.
*Jacksonville Building & Loan Association, Inc.
*JasperFederal Savings & Loan Association.
*Hill County Federal Savings & Loan Association.
*Kilgore FederalSavings & Loan Association.
*Lamesa FederalSavings & Loan Association.
*Lampasas Federal Savings & Loan Association.
*FirstFederal Savings & Loan Association of Laredo.
*Liberty County FederalSavings & Loan Association.
*First Federal Savings & Loan Association of Longview
*FirstFederal Savings & Loan Association of Lubbock.
*Lufkin Federal Savings & Loan Association.
*FirstFederal Savings & Loan Association of Luling./
*First Federal Savings & Loan Association of Marshall.
*MarshallFederal Savings & Loan Association.
*Valley Federal Savings & Loan Association of McAllen.
*McKinney Federal Savings & Loan Associatton.
*Mesquite Building & Loan Association.
*First FederalSavings & Loan Association of Mexia.
*Midland Federal Savings & Loan Association.
*Mineola FederalSavings & Loan Associatzon.
*Mineral Wells Building & Loan Association.
Mount Pleasant Building & Ldan Association.
*FirstFederalSavings & Loan Association of Nacogdoches.
*Navasota FederalSavings & Loan Association.
*First Federal Savings & Loan Association of New
Braunfels.
*Olney Federal Savings & Loan Association.
*Orange FederalSavings & Loan Association.
Mechanics Building & Loan Association.
*First Federal Savings & Loan Association of Pampa.
*First Federal Savings & Loan Association of Paris.
*Pecos Federal Savings & Loan Association.
*Home Building & Loan Association.
Port Arthur Building & Loan Association.
*Ouanah Federal Savings & Loan Association.
*FirstFederal Savings & Loan Association of Ranger.
*Fort Bend Federal Savings & Loan Association of Rosen
berg.
*First Federal Savings & Loan Association of Rusk.
Western Reserve Life Insurance Co.
*San Angelo Federal Savings & Loan Association.
*FirstFederalSavings & Loan Associationof San Antonio.
Great American Life Insurance Co.
San Antonio Building & Loan Association.
*Travis Building & Loan Association.
*FirstFederalSavings & Loan Association of San Marcos.
ANNUAL
REPORT OF FEDERAL HOME LOAN BANK BOARD
123
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location--Continued
TEXAS-continued
Location
Seguin-----____
Sherman ------ _
Smithville ----Stamford ----Sweetwater -__
__
Temple------Terrell-------------Texarkana-----Do _
Tyler ----Do-----Uvalde -----Vernon----Victoria--------__
Waco -----Do------
Do-----Waxahachie ---Weatherford ---Wharton_- _ Wichita Falls ------
Do-----Winnsboro_---Yoakum -----
Name
*Seguin Building & Loan Association.
*Grayson FederalSavings & Loan Association.
*Smithville Federal Savings & Loan Association.
*Stamford Federal Savings & Loan Association.
*Sweetwater FederalSavings & Loan Association.
*FirstFederal Savings & Loan Association of Temple.
*Terrell Federal Savings & Loan Association.
Citizens Building & Loan Association.
*FirstFederal Savings & Loan Association of Texarkana.
*Cooperative Building & Loan Association.
*East Texas Building Loan & Savings Association.
* Uvalde FederalSavings & Loan Association.
*First Federal Savings & Loan Association of Vernon.
*Victoria FederalSavings & Loan Association.
Amicable Life Insurance Co.
*FirstFederal Savings & Loan Association of Waco.
*Pioneer Building & Loan Association.
*Waxahachie Federal Savings & Loan Association.
*Mutual Building & Loan Association.
Wharton Building & Loan Association.
*First Federal Savings & Loan Association of Wichita
Falls.
*North Texas FederalSavings & Loan Association.
*Winnsboro Building & Loan Association.
*Yoakum FederalSavings & Loan Association.
UTAH
Logan_-------_
Ogden------Do--------Price ------St. George_---Salt Lake City -----Do-----Do-----Do
Do
*Northern Federal Savings & Loan Association of Logan.
*Federal Building & Loan Association.
*Ogden First Federal Savings & Loan Association.
*First Federal Savings & Loan Association of Price.
St. George Building Society.
*American Mutual Building & Loan Co.
*Deseret Federal Savings & Loan Association.
*First Federal Savings & Loan Association of Salt Lake
City.
*PrudentialFederal Savings & Loan Association.
*State Building & Loan Association.
VERMONT
Brattleboro ----Burlington__--___
Do-----Randolph ..----Windsor-- ----
Brattleboro Cooperative Savings & Loan Association.
Burlington Building & Loan Association.
*Burlington Federal Savings & Loan Association.
ThedRandolph Cooperative Savings & Loan Association.
*Windsor FederalSavings & Luvo Association.
Alexandria ---Altavista -----Arlington, _---Bedford_----Blacksburg- -__
*FirstFederal Savings & Loan Association of Alexandria.
*Piedmont Federal Savings & Loan Association.
'First Federal Savings & Loan Association of Arlington.
*Bedford FederalSavings & Loan Association.
Montgomery County Mutual Building & Loan Associa
tion, Inc.
*FirstFederal Savings & Loan Association of Bristol.
Virginia State Building & Loan Association, Inc.
*First Federal Savings & Loan Association of Clifton
Forge.
*Covington Federal Savings & Loan Association.
VIRGINIA
Bristol -------Charlottesville ....
Clifton Forge -------Covington_
124
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location-Continued
VIRGINIA-continued
Location
Name
East Falls Church..--*Arlington & Fairfax Building & Loan Association.
Emporia ------------The Emporia Building & Loan Association, Inc.
Hampton-----------The Peoples Building & Loan Association of Hampton.
Do--------------Tidewater Home & Savings Association.
Hopewell ---------*FirstFederal Savings & Loan Association of Hopewell.
Lynchburg ------------ Cooperative Building & Loan Association, Inc.
Do
----------- *FirstFederalSavings & Loan Association of Lynchburg.
Do------------- *Pilot Building & Loan Association.
Manassas------------*Piedmont Federal Savings & Loan Association of Prince
William County.
Martinsville --------Mutual Building & Loan Association of Martinsville,
Inc.
Newport News-------_ Newport News Building & Loan Association.
Norfolk -------------- The Atlantic Permanent Building & Loan Association,
Inc., Norfolk.
Do ---------*Commonwealth Building & Loan Association, Inc.
Do ----------*Mutual FederalSavings & Loan Association of Norfolk.
Do------*Norfolk FederalSavings & Loan Association.
Do-----*State Building Association of Norfolk, Inc.
Do------The Twin City Permanent Building & Loan Association
of Norfolk.
Petersburg-----*FirstFederal Savings & Loan Association of Petersburg.
Do_-----Petersburg Mutual Building & Loan Association, Inc.
Portsmouth ------The Portsmouth & Norfolk County Building & Loan
Association.
----------Pulaski Mutual Building & Loan Association, Inc.
Pulaski
Richmond _--------- *FirstFederal Savings & Loan Association of Richmond.
Do_
*Richmond Federal Savings & Loan Association.
Do --- Virginia Building & Loan Co.
Roanoke_ -------*First Federal Savings & Loan Association of Roanoke.
Do_ -----Southwest Virginia Building & Loan Association.
Salem_-------_ *Salem Federal Savings & Loan Association.
Sandston ______ *First Federal Savings & Loan Association of Sandston.
*First Federal Savings & Loan Association of South
South Boston------__
Boston.
Virginia Beach _-----_ *Virginia Beach Federal Savings & Loan Association.
WASHINGTON
Aberdeen_ -------_
- *Aberdeen FederalSavings & Loan Association.
Do------------ *First FederalSavings & Loan Association of Aberdeen.
Do------------- *Grays Harbor Savings & Loan Association.
Auburn---------___
*Auburn Federal Savings & Loan Association.
BBellingha----------*Bellingham FederalSavings & Loan Association.
Do_---Mount Baker Savings & Loan Association.
Bothell
*--------------ashington Federal Savings & Loan Association of
Bothell.
Bremerton---------- *FirstFederalSavings & Loan Association of Bremerton.
Do------------- Peninsular Savings & Loan Association.
Centralia------------* Centralia Federal Savings & Loan Association.
Chehalis------------- *First Federal Savings & Loan Association of Chehalis.
Do -----------Lewis County Savings & Loan Associatipn.
Ellensburg- --- _---*Ellensburg FederalSavings & Loan Association.
Everett ------------ Cascade Savings & Loan Association.
Do------------- *Everett Federal Savings & Loan Association.
Do ----------*First Federal Savings & Loan Association of Everett.
Hoquiam------------ *First FederalSavings & Loan Association of Hoquiam.
Do----------*Hoquiam Savings & Loan Association.
Do_---Kelso_------_----Longview---__------
Twin Cities Savings & Loan Association.
*Commercial Savings & Loan Association. /
*FirstFederal Savings & Loan Association of Longview.
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
125
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location-Continued
WASHINGTON-continued
Location
Name
Mount Vernon----____
*First Federal Savings & Loan Association of Mount
Vernon.
Olympia- ----------*Capital Savings & Loan Association.
Do
*-----_----_
Olympia Federal Savings & Loan Association.
Do -------*Thurston County FederalSavings & Loan Association of
Olympia.
Port Angeles---------- *First Federal Savings & Loan Association of Port
Angeles.
Do------------*Port Angeles Savings & Loan Association.
Port Townsend ------*Port Townsend Federal Savings & Loan Association.
Prosser_------------Valley Savings & Loan Association.
Raymond------------ *Raymond Federal Savings & Loan Association.
Renton------------*FirstFederalSavings & Loan Association of Renton.
Seattle ------------*BallardFederal Savings & Loan Association of Seattle.
Do
*-------Citizens Federal Savings & Loan Association of Seattle.
Do ------------*First Savings & Loan Association.
Do------------*Metropolitan Federal Savings & Loan Association of
Seattle.
Do -----------*Northern Federal Savings & Loan Association of Seattle.
Do------------*Provident Savings & Loan Association.
Do-------------*Prudential Savings & Loan Association.
Do ------------Puget Sound Savings & Loan Association.
Do ------------*Roosevelt Federal Savings & Loan Association.
Do------------*Seattle FederalSavings & Loan Association.
Do -------* Union Federal Savings & Loan Association.
Do------------*West Side Federal Savings & Loan Association.
Shelton ----------*-Mason County Savings & Loan Association.
Spokane------------*Citizens Savings & Loan Society.
Do------------*Fidelity Savings & Loan Association.
Do------------*First Federal Savings & Loan Association of Spokane.
Do--------------Great Western Savings & Loan Association.
Tacoma------------*American Savings & Loan Association.
Do-------------* Evergreen Savings & Loan Association.
Do---------_ Northwest Savings & Loan Association.
Do------------*Pacific First Federal Savings & Loan Association of
Tacoma.
Do-------------- Peoples Savings & Loan Association.
Do -----------*State Savings & Loan Association.
Do-----------Tacoma Savings & Loan Association.
Vancouver ---*--First FederalSavings & Loan Association of Vancouver.
Do -----------* Vancouver FederalSavings & Loan Assoczation.
Walla Walla -------*First Federal Savings & Loan Association of Walla
Walla.
Do ------------- *Walla Walla Federal Savings & Loan Association.
Wenatchee*-----------*
Wenatchee FederalSavings & Loan Association.
Yakima------------*Liberty Savings & Loan Association.
Do-------------* Yakima FederalSavings & Loan Association.
WEST VIRGINIA
Bluefield -----------Charleston ----------Do -------------
*FirstFederalSavings & Loan Association of Bluefield.
*Charleston FederalSavings & Loan Association.
*Empire FederalSavings & Loan Association of Charles
ton.
Do -----------*First Federal Savings & Loan Association of Charleston.
Do -----------*West Virginia Building & Loan Association.
Chester--- ---------Hancock County Federal Savings & Loan Association of
Chester.
Fairmont------------- East Side Building & Loan Association.
Do -------------Fairmont Building & Loan Association.
Do------------- *First Federal Savings & Loan Association of Fairmont.
Do------------- *Marion County Building & Loan Association.
43246-38--9
126
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location-Continued
WEST VIRGINIA -continued
Location
Fayetteville ------ _Grafton -_----Do-----Huntington ----Kingwood -Lewisburg ----Logan_-----Martinsburg ---Morgantown ---Do-----Moundsville ---New Martinsville .
Parkersburg --SDo------Point Pleasant -----Ravenswood ---_-Do
Sistersville ----Wellsburg ----Do------------Wheeling ----Do----Do
Name
*Fayetteville FederalSavings & Loan Association.
Home Building & Loan Association.
Mutual Building & Loan Association.
*Huntington Federal Savings & Loan Association.
Kingwood Building & Loan Association.
*Blue Grass Federal Savings & Loan Association of
Lewisburg.
*FirstFederal Savings & Loan Association of Logan.
Martinsburg Building & Loan Association.
*First Federal Savings & Loan Association of Morgan
town.
*United Federal Savings & Loan Association of Morgan
town.
*First Federal Savings & Loan Association of Mounds
ville.
*Doolin Federal Savings & Loan Association of New
Martinsville.
*FirstFederalSavings & Loan Association of Parkersburg.
*Traders FederalSavings & Loan Association of Parkers
burg.
*Point Pleasant Building & Loan Association.
*Farmers Building & Loan Association.
*First FederalSavings & Loan Association of Ravenswood.
*FirstFederal Savings & Loan Association of Sistersville.
*Advance Federal Savings & Loan Association of Wiells
burg.
The Brooke County Building & Loan Association.
Federal Savings & Loan Association of TWheel
*Peoples
2
ing.
* Union FederalSavings & Loan Association of W heeling.
Wheeling Savings & Loan Association.
WISCONSIN
Amery ---------Antigo_
Appleton ----Do-----Ashland
-----
*Amery Federal Savings & Loan Association.
*Antigo Federal Savings & Loan Association.
Home Building & Loan Association of Appleton.
Appleton Building & Loan Association.
Ashland County Building Loan & Investment Associa
tion.
Beloit------Beloit Savings Bank.
Baraboo __---*Baraboo Federal Savings & Loan Association.
Barron -----*Barron County Federal Savings & Loan Association.
Chippewa County Building & Loan & Investment As
Chippewa Falls------sociation.
*Clintonville FederalSavings & Loan Association.
Clintoville -------*Columbus Federal Savings & Loan Association.
Columbus ---First Slovak National Loan & Building Association.
Cudahy ----Cumberland ---*Cumberland Federal Savings & Loan Association.
De Pere-----*De Pere Federal Savings & Loan Association.
Durand_---*Durand FederalSavings & Loan Association.
Elkhorn ----*Walworth County Federal Savings & Loan Association.
*First Federal Savings & Loan Association of Fond du
Fond du Lac----Lac.
Do
Fond du Lac Building & Loan Association.
Green Bay Building & Loan Association.
Green Bay----Hartford ----Hartford Building & Loan Association.
Janesville Building & Loan Association.
Janesville-----Kenosha ------Kenosha Building & Loan Association.
2 Withdrawn from membership in the Federal Home Loan Bank System as of June 30, 1937, but charter
as a Federal savings and loan association not yet canceled as of that date.
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
127
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location-Continued
wISCONsIN-continued
Locatiofi
Name
Kiel-------La Crosse ---Ladysmith__ ---Madison------Do_
Marinette _---
---
Marshfield
Medford -----Menomonie ---Milwaukee ---Do
Do
Do_----Do-----Do-----Do-----Do-----Do-----Do-----Do----Do-----Do-----Do
Do
Do----Do-----Do-----Do
Do
Do
Do
------------Do-----------Do_----Do_------Do_-Do-----Do_----Do ----Do-----Do-----Do-----Do-----Do------
Do
Do
----------
Do -----Do
Do_---Do--
---
Do-------Do-----Do-----Do----
Do----Do-----Do-----Do-----Do-----Do------
Do-----Do
--
Kiel Building & Loan Association.
*FirstFederal Savings & Loan Association of La Crosse.
*Ladysmith FederalSavings & Loan Association.
*Northwestern Savings Building & Loan Association.
The Provident Loan & Building Association.
Marinette Building & Loan Association.
Marshfield Building & Loan Association.
*Medford FederalSavings & Loan Association.
*Menomonie Federal Savings & Loan Association.
Advance Savings Building & Loan Association.
Aetna Savings Loan & Building Association.
Atlas Mutual Building & Loan Association.
Badger Savings Building & Loan Association.
Bahn Frei Mutual Building & Loan Association.
Bay View Building & Loan Association.
*Beacon Federal Savings & Loan Association.
Ben Franklin Building & Loan Association.
Biltmore Building & Loan Association.
*City FederalSavings & Loan Association.
Columbia Building & Loan Association.
Community Building & Loan Association.
*Concordia Building & Loan Association.
*East Side Mutual Building & Loan Association.
*Empire Federal Savings & Loan Association.
*Equitable Savings Building & Loan Association.
*FirstFederal Savings & Loan Association of W isconsin.
Forward Building & Loan Association.
Guardian Savings & Loan Association.
Holton Street Building & Loan Association.
Home Mutual Building & Loan Association.
*Hopkins Street Building & Loan Association of Mil
waukee.
Keystone Mutual Building & Loan Association.
Kinnickinnic Mutual Loan & Building Association.
Lakeside Building & Loan Association.
Layton Park Building & Loan Association.
*Metropolitan Building & Loan Association.
*Milwaukee Federal Savings & Loan Association.
Milwaukee Mutual Loan & Building Association.
Mitchell Street Loan & Building Association.
Modern Mutual Building & Loan Association.
Mutual Building & Savings Association.
National Savings & Loan Association.
North Avenue Savings Building & Loan Association.
North Shore Building & Loan Association.
*Northern Building & Loan Association.
Peoples Building & Loan Association.
Pioneer Building & Loan Association.
Progressive Building & Loan Association.
Pulaski Building & Loan Association.
*Pyramid Building & Loan Association.
Reliance Building & Loan Association.
Republic Building & Loan Association.
Residence Park Building & Loan Association.
Second Bohemian Loan & Building Association.
Security Loan & Building Association.
Sentry Building & Loan Association.
Sherman Park Building & Loan Association.
Slovak Building & Loan Association.
The Sobieski Building & Loan Association.
South Side Mutual Building & Loan Association.
128
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Member institutions of the Federal Home Loan Bank System as of June 30, 1937,
by States and location-Continued
wIscoNsIN-continued
Location
Milwaukee-- -__
Name
_
Do-----Do
Do
Do
Do_----
Do_---Do_----Do,----Neenah -_____
Nekoosa-----New London --------_
Oshkosh_----Prairie du Chien ----Racine------------Do------
Do-----Do-----Do_---Do--------
Richland Center ...
Ripon ------------River Falls_--St. Francis ---------Shawano -------Sheboygan_
South Milwaukee ---Sparta_------Stoughton_--Sturgeon Bay---Superior_-----Viroqua-----Waukesha-----Waupaca ----Wausau------Wauwatosa ---Do-----Do-----West Allis----Do------West BendWisconsin Rapids .
*Standard Building & Loan Association.
The State Building & Loan Association.
Sterling Savings Loan & Building Association.
United Building & Loan Association.
Upper Third Street Savings & Loan Association.
Washington Building & Loan Association.
Welfare Building & Loan Association.
West Side Building & Loan Association.
Wisconsin Savings Loan & Building Association.
Twin City Building Loan & Savings Association.
Nekoosa Port Edwards Building & Loan Association.
New London Building & Loan Association.
Oshkosh Building Loan & Savings Association.
*Prairiedu Chien FederalSavings & Loan Association.
Belle City Building & Loan Association.
Home Mutual Building-Loan Association.
Lincoln Building & Loan Association.
Racine Building & Loan Association.
Racine Junction Building & Loan Association.
*West Lawn Building & Loan Association.
*Richland Center Federal Savings & Loan Association
*Ripon Federal Savings & Loan Association.
*River Falls Federal Savings & Loan Association.
*St. Francis Building & Loan Association.
Shawano County Building & Loan Association.
The Sheboygan Mutual Savings Loan & Building
Association.
South Milwaukee Mutual Loan & Building Association.
*Sparta FederalSavings & Loan Association.
*Stoughton Federal Savings & Loan Association.
Sturgeon Bay Building & Loan Association.
State Building-Loan & Savings Association.
*Viroqua Federal Savings & Loan Association.
Waukesha Savings Building & Loan Association.
Waupaca Mutual Building & Loan Association.
Marathon County Building & Loan Association.
*Highland Park Building & Loan Association.
*Suburban Building & Loan Association.
Wauwatosa Building & Loan Association.
Liberty Building & Loan Association.
West Allis Building & Loan Association.
West Bend Building & Loan Association.
Wisconsin Rapids Building & Loan Association.
WYOMING
Buffalo ----Do-----Casper-_____- _
Do.
Cheyenne ---Greybull_---Laramie
-------Rawlins Rock Springs---Sheridan ----Torrington
Buffalo Building & Loan Association.
*Buffalo FederalSavings & Loan Association.
*Guaranty Federal Savings & Loan Association.
*ProvidentFederalSavings & Loan Association of Casper.
*Cheyenne Federal Savings & Loan Association.
*Big Horn Basin Federal Savings & Loan Association.
Albany Mutual Building & Loan Association.
*Rawlins Federal Savings & Loan Association.
*Sweetwater Federal Savings & Loan Association.
*FirstFederal Savings & Loan Association of Sheridan.
*Tri-County FederalSavings & Loan Association.
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
129
Member institutions of the Federal Home Loan Bank System as-of June 30, 1937,
by States and location-Continued
INSTITUTIONS NOT MEMBERS OF THE FEDERAL HOME LOAN BANK SYSTEM WHICH
WERE INSURED BY THE FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION
AS OF JUNE 30, 1937
Location
Name
Washington, D. C- ___ The Prudential Building Association.
Crowley, La---------Crowley Building & Loan Association.
Donaldsonville, La---Ascension Building & Loan Association.
Rayne, La------------Rayne Building & Loan Association.
Fort Lee, N. J-------- Fort Lee Building & Loan Association.
Hartsville, S. C------- Mutual Savings & Loan Association.
EXHIBIT 2
Statement showing, by districts and States, the number of member institutions, amount
of shares subscribed by member institutions, the balance of advances outstanding,
and the number of borrowing member institutions as of June 80, 1937
Balance of
u m b e of
Number
o
r of
member
subscribed
institutions by members
advances outstanding
member in
stitutions
43
22
102
15
4
5
$298, 200
150,100
2, 123, 900
136, 400
206,000
32,400
$1, 830, 644. 26
550,273.03
4, 291,398.02
694,369.00
55,000.00
118,328.00
35
14
22
7
3
3
191
2,947, 000
7, 540,012.31
84
Number of
District No. 1, Boston:
.--------------..----Connecticut-Maine--- --.-----.--.-------Massachusetts -------------------------New Hampshire..-----....-----............
Rhode Island- ---------.-------------Vermont-.--..---...------------.---Total-----.....-------.------------
Amounts
District No. 2, New York:
2,210,100
12, 338, 932.48
300
New Jersey----------------------6,745,147.83
New York ----------------------123
1,687, 700
Puerto Rico .------.--.----------------i------------ --------------- ------------------Virgin Islands-....--.---------Total-
--------------------
District No. 3, Pittsburgh:
Delaware-----------------------------------Pennsylvania
----West Virginia--------Total
----------------------
190
71
423
3,897,800
19,084,080.31
261
7
507
33
21,600
1,879, 600
199,300
88,115.00
13, 003, 540. 60
1,492,857.69
3
413
24
547
2,100, 500
14, 584, 513.29
440
District No. 4, Winston-Salem:
Alabama ------------------------District of Columbia
Florida-....-----------.--------Georgia--......--..---------.-----------Maryland
North Carolina-----------South Carolina-----------Virginia............---------
22
17
52
54
106
106
38
40
94, 500
817, 900
337,400
200,100
503, 300
579, 200
145, 200
267,500
456, 182.00
555,000.00
3,301,221.57
1, 599,969.70
2,138,986.58
2,814,963.47
1,052,412. 50
1,741,879.00
12
4
45
42
57
73
26
27
--------
435
2,945,100
13, 660, 614. 82
286
93
419
39
780, 500
5, 530, 200
177,200
4, 974, 658. 79
19, 591,256. 21
1,771,171.50
66
204
32
Total--------------------------
551
6,487,900
26,337,086.50
302
District No. 6, Indianapolis:
Indiana ....
---------------Michigan_------------------------
152
48
1,544,500
791,900
6,971,871.25
2,503,645.50
109
32
200
2,336,400
9, 475, 516.75
141
359
125
3,320, 800
1,434,200
16,338, 846.53
11,440,386.11
8
91
210
484
3, 755, 000
27, 779, 232. 64
399
Total..-----------
District No. 5, Cincinnati:
Kentucky---------------------Ohio---...........----------------..............
Tennessee..........-------------
Total------------------District No. 7, Chicago:
Illinois---------Wisconsin
-------------------Total.....
-------------------
130
ANNUAL REPORT OF FEDERAL HOME, LOAN BANK BOARD
Statement showing, by districts and States, the number of member institutions,
amount of shares subscribed by member instztutions, the balance of advances out
standing, and the number of borrowing member institutions as of June 30
1937-Continued
Number of
Amounts
member
subscribed
institutions by members
I ------
-District No 8, Des Moines:
------------------
Iowa ---------
South Dakota_----------------
Total-----------------
Mississippi
-------
-------------------
Louisiana------
------------
------
New Mexico_----Texas ----------
Total------------------------------District No 10, Topeka:
Colorado-----------------------------------------------------Kansas --------Nebraska ---------------Oklahoma-------------------------------Total --------------------
-----
$303, 000
105
14
12
399, 200
702, 900
79, 200
37,800
$1,005, 077. 50
4,176,450.75
5,192, 630 74
376, 394 00
341,435 00
35
28
77
8
10
230
1, 522,100
11, 091,987.99
158
44
69
26
16
132
127,000
790, 200
74, 500
31,200
617,700
287
Idaho _-------------------------Montana------------ ---------------------Oregon--------------------
-----Utah-----Washmgton
Washington--------------------7.Wyoming -----------------
-- ----
33
50
12
9
76
1, 640, 600
10, 734,265.04
180
39
106
31
52
153, 200
575,900
129,900
462, 700
1,193, 216.25
3,715,504.26
800,319.75
2, 329, 501.25
31
71
19
33
228
1,321,700
8,038,541.51
154
1
9
13
30
10
63
500
55,900
71,700
165,000
149,700
380, 000
2,800.00
463,925 00
194,375 00
1,019,011 91
1,396,927.46
2, 468, 560.87
1
6
7
24
8
36
137
859, 200
5, 903, 378.26
92
11
Total-------------------District No. 12, Los Angeles
Arizona------------------------
California ----------------------------Hawaii-----------------------------------Nevada -----------------------------Loan to nonmember (District No. 12)----------Grand total-----
36, 400
..
----------------------
357, 778.02
361,943.34
10
2
4
36,600
163
1,949,800
12,277,146.91
113
4
20,100
14,000
60,100 00
125,321 89
2
173
2, 020, 500
12, 824, 512.14
118
2
------
Total_ ---
1,010,530
4,924,078
344,385.
173,095
4, 282,175.
46
79
50
00
29
District No. 11, Portland:
Alaska-----------------------------
I-------------
I
-----
Number of
borrowing
member in
stitutions
57
42
_----_---Minnesota ---------------- --Missouri --------------------------------North Dakota_----------------
District No. 9, Little Rock:
Arkansas ----- ------------------
-I-
Balance of
advances out
standing
.-.
3, 886
-------
--
31, 833, 800
1
3,145.00
1
167, 056, 886. 56
2, 616
EXHIBIT 3
Statement showing advances of the Federal Home Loan Banks from their inception
through June 30, 1937 (excluding interbanktransactions)
Advances made
19832
December.-------------------------------------January ---February ----
March ..--------------------------
April
$837, 500.00 1-
1933
----------------------------------..---------------
.-----
May ... ------------------.-
----------------
-------
-------------------------------June July_
-- ---------------------------------August-.....---------------.---------------------------September .
October
---- .....----..---------------November-------------.......-----------------------------December
Amount repaid
.
Balance of ad
vances outstand
ing
$837, 500.00
3,896,800.00
$540. 00
9, 234, 086.00
22, 957,191. 00
31, 268, 587. 66
39, 991, 391.12
48,816, 812.41
55, 493, 515. 95
61, 907, 694. 54
68, 916,370.74
76,448,584.23
83,733,120.49
90,865,344.49
50, 440. 00
258, 730. 00
728,872.36
1, 059,087.37
1, 237,932. 82
1, 748,851.92
2,101,441.84
2,586,878.49
3,838,473.32
4, 534,117.35
5,423,490.12
3, 896, 260.00
9,183,646. 00
22,698,461.00
30,539, 715.30
38, 932,303.75
47,578,879.59
53, 744, 664. 03
59, 806, 252. 70
66,329,492. 25
72, 610, 110. 91
79,199, 003. 14
85,441,854.37
ANNUAL REPORT OF FEDERAL HOME LOAN
BANK BOARD
131
Statement showing advances of the Federal Home Loan Banks from their inception
through June 30, 1937 (excluding interbank transactions)-Continued
Advances made
Balance of ad
vances outstand
ing
Amount repaid
1
I
1934
January ----- ------------------February---------March....
---------April--...------May-------------....June....
---------July....
------------------August---....
----------------------------.
September ....
----------------October....--------November....-----------------------December ..--------------------------------.
$96,101,833.90
99,458, 427. 04
102, 357,441 60
104, 713, 841.53
108,816, 968.63
111,766,572.63
115, 387, 357.29
117,958,821.93
121, 155, 071. 93
124, 533,125.16
126, 641, 280.16
129, 545, 230. 61
$7,104, 900.42
8, 918, 592.32
12,332,635.60
17,891,819.12
23,475,167. 37
26,618,218. 54
30,264,475. 74
33, 040,101.14
35,108,137.66
37, 686, 794.30
39, 526,877. 37
42,886, 918. 08
$88, 996, 933.48
90, 539,834.72
90,024,806.00
86, 822, 022. 41
85,341,801.26
85,148,354. 09
85,122, 881.55
84, 918, 720.'79
86, 046, 934. 27
86, 846,330 86
87, 114,402. 79
86, 658, 312.53
1935
January....----------------------February------------March_-__--____
____
----April _---------May----_-------------June--....
-------------July
---------August---_
-----------September....- ------October ....---------------November_----------------_
December-----------------
131, 777, 585.61
133, 075,441.85
135,198,385. 00
139, 301, 914. 21
143, 096, 977.71
148,449,881.24
153, 523, 487. 64
160, 495, 546. 03
166,865,119.76
174, 932, 365. 90
180,261,457.91
188,675, 299.17
49, 792,108.72
56, 533, 392. 45
62, 582, 718.88
65, 291,109. 15
67, 260,800.24
69, 217, 367. 06
72, 646, 624. 95
74,470,112.19
76,432, 923.40
79, 336, 951. 23
83, 172, 826.56
85, 880, 710.67
81, 985,476. 89
76, 542, 049. 40
72,615, 666.12
74, 010, 805.06
75,836,177.47
79,232,514.18
80,876,862. 69
86, 025, 433.84
90,432, 196.36
95, 595, 414.67
97,088,631.35
102, 794, 588. 50
193,745, 866.81
197, 530, 320. 27
202, 041, 353.01
207,877,778.28
215, 084, 724. 56
226, 645, 105. 56
235,152,424.17
242,982, 912. 77
252,558,873. 86
262, 045, 696. 79
268, 459, 822. 34
281, 932, 356. 67
90,945,794.13
94, 588, 079. 65
98, 683,428. 00
101,905,430.32
104, 163, 188. 28
108, 058, 267. 56
113, 051, 292. 02
117, 765,153.24
122, 791, 963.67
127,105, 078.29
131, 198, 613. 27
136, 531, 626.72
102, 800, 072. 68
102,942,240 62
103, 357, 925. 01
105; 972, 347. 96
110, 921, 536. 28
118, 586,838. 00
122,101, 132. 15
125, 217, 759. 53
129, 766, 910.19
134, 940, 618. 50
137, 261, 209. 07
145, 400, 729.95
288, 502, 016.17
292, 761, 617. 67
301, 352, 984. 60
310,993,437.35
323, 163, 422. 47
340, 932,157. 97
144,756,966. 28
151, 556, 734.83
158,633,446.69
164,847,560.76
169, 672, 223 37
173,875,271 41
143,
141,
142,
146,
153,
167,
1936
January--....---------------February...--------------.--------------March---_-____-_
-----------------April..
--------May.------------------June-----..
--------------July...-------------------August......................-----------------September -.._- _
--------October__-------------
November . __... __--___---------_
--- ----December---------------------------------1937
January--....--..
..........----February---..._.-------------------March-------------------------------------April.....------------------May
---------------June --.. ...-----------------------------
745, 049.
204,882
719, 537
145, 876
491, 199.
056, 886
89
84
91
59
10
56
EXHIBIT 4
Statement reflecting interest rates charged by the 12 Federal Home Loan Banks on
advances to member institutions as of June 30, 1937
Banks
Percent
Boston.-------.-----....
New York --
--.........
3
3
3%4
Pittsburgh -
.._---- -
3
Winston-Salem --------
31/
Cincinnati .------------
31,
Type of loan
All advances All 10-year advances made after Jan 15, 1937, shall be
written at 3 percent for 2 years, with the right to increase the interest
rate to not more than 4 percent for 8 years thereafter
All advances for 1 year or less This rate shall be applicable to bal
ances outstanding on Jan 1, 1937
All advances for more than 1 year shall be written at 4 percent, but
interest collected at 33/4 percent during 1937.
All advances for 1 year or less All advances for more than 1 year
are to be written at 4 percent, but until further notice credit will
be given on all outstanding advances for the difference between
the written rates of 5, 4Y, or 4 percent, and 3 percent per annum
All advances, with the provision that the interest rate may be in
creased to not more than 4/ percent after 30 days' written notice
All advances
All advances for 1 year or less are to be written at
3% percent. Advances for more than 1 year are \to be written at
3 percent but until further notice interest thereon will be charged
at 34 percent.
132
REPORT OF FEDERAL HOME LOAN BANK BOARD
ANNUAL
Statement reflecting interest rates charged by the 12 Federal Home-Loan Banks on
advances to member institutions as of June 30, 1937-Continued
Banks
Indianapolis- -----------
Chicago...---------------
Des Moines- --------
Little Rock-----------
Topeka---------.-----_
.
_
Portland.-------------
Los Angeles-.--.---..-
Type of loan
Percent
-
All secured advances for 3 months or less.
All secured advances for 3 months or over are to be written at 3
percent, but interest will be collected at 3 percent.
All unsecured advances, none of which may be made for more than
3%
6 months.
3-34 All secured advances are to be written at 3fi percent, but until further
notice interest thereon will be charged at 3 percent until Oct. 1,
1937, and at 34 percent on and after that date.
3
All unsecured advances.
3-3i On all advances up to $1,000,000, the interest rate shall be 3% percent.
If the balance of loans outstanding to any one member equals or
exceeds $1,000,000, the interest rate thereon shall be at the rate of
3 percent.
3
All advances. All advances maturing before Mar. 1, 1938, are to be
written at 3 percent. Advances maturing on or after that date are
to be written at 4 percent, but until further notice interest thereon
will be charged at 3 percent.
3
All advances.
3
All advances to members secured by mortgages insured under title
II of National Housing Act.
3%
All advances for 1 year or less. All advances for more than 1 year
are to be written at 4 percent, but interest collected at 33 percent
so long as short-term advances carry this rate.
3
All advances.
3
3
EXHIBIT 5
Borrowing capacity of members as of June 80, 1937
[Based on latest available information furnished by the banks]
District 1:
---------------------Connecticut ---Maine-----------------------------------------------------------Massachusetts ----New Hampshire -------------------------------------Rhode Island ----------------------------------Vermont ------------------------------Total -------------------------------District 2:
New Jersey----------------------------New York---------------------------------
140, 971, 000
100, 000, 000
75, 000, 000
Total -----------------------------District 3:
Delaware
175, 000, 000
--------------------------------
Pennsylvania_. -----------
West Virginia ---
-------------
432,000
--------------
-----------
Total -------------------------------
Total ---------------------
43, 300, 000
4, 121, 000
47, 853, 000
District 4:
Alabama--- -------------------------------------District of Columbia---------------------Florida ----------------------------Georgia --------------------------------Maryland-------------------------------North Carolina - -------------------South Carolina--------------------------Virginia--------------------------------------------
$10, 155, 000
4, 461,000
112, 742,000
6, 868, 000
5, 613, 000
1, 132, 000
-----------------
7,
51,
10,
6,
22,
34,
6,
9,
800, 000
200, 000
200, 000
800, 000
400, 000
700, 000
000, 000
900, 000
149, 000, 000
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
133
Borrowing capacity of members as of June 30, 1987-Continued
District 5:
Kentucky -----------------------------Ohio---------------------.----Tennessee------------------------------------------Total ------------------
-------------
District 6:
Indiana------------------------Michigan ---------------------------------------
$21,000,000
146, 000, 000
3,500,000
---------
170, 500,000
-----------------
48,060,000
29,205,000
Total-------------------------------------------
77, 265, 000
District 7:
Illinois --------------------------------------------Wisconsin-----------------------------------------
66, 107, 320
53, 936, 580
Total-------------------------------------------
120,043,900
District 8:
Iowa-------------------------------------Minnesota--------------------------------------Missouri -----------------------------North Dakota---------------------South Dakota- --------------------
6,424,800
9, 151, 200
21, 261, 800
2,091,400
993, 500
Total-----------------------------------------
39,922,700
District 9:
Arkansas -------------------------------------4, 100, 000
Louisiana-----------------------30,200,000
Mississippi------------------3, 600, 000
New Mexico
----------------1,700,000 1-,---Texas --------------------------------------------38, 100, 000
Total------------------------------------------
77,700,000
District 10:
Colorado ------------------------------------------Kansas-------------------------------Nebraska---------------------------------------Oklahoma -----------------------------------------Total-----------------
-----------------------
District 11:
Alaska----------------------------------------------14,000
-------------------------Idaho-_ ---------Montana ----------------------------------------------------------------Oregon -Utah
Washington -------------------------------------------------------Wyoming--------Total------------
---
------------------------
Total-----------------------------Grand total---------------------------------
55,961,000
-
2, 200,000
2, 100, 000
6, 400,000
3-----------------------,
400, 000
16,200,000
1, 200,000
31,514,000
District 12:
Arizona --------------------------------------------California --------------------------------------Hawaii -------------------------------------------Nevada ------------------------------------------
7,368,000
22, 485, 000
5,774,000
20,334,000
---
7,028,316
93,393, 165
1,565,800
380, 157
102,367,438
1, 188, 098, 038
134
REPORT OF FEDERAL HOME LOAN BANK BOARD
ANNUAL
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143
144
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
EXHIBIT 9
Estimated loans of Federals and active State members for the fiscal year ending
June SO, 1937
[000 omitted]
,
District and type of institution
,
Construc-
Home
tion
purchase
Other
ther
Total
-
1
1
District 1:
Refinanc Recondiing
tioning
Federal ----.---------------------..------- ------.---State member
$5,439
$3,910
$4,668
6,833
16,087
6,323
$769
2,533
$1,057
3,124
$15, 843
34, 900
Total----------------------------
12,272
19,997
10,991
3,302
4,181
50, 743
9,944
--.---------.---------.------- .---------- 3, 528
6,824
7,038
3,406
3,389
649
1,096
729
2,412
21,552
17,463
13,472
13,862
6,795
1, 745
3,141
39,015
2,596
1,108
4,802
7, 128
2,326
2, 790
608
1,078
377
1,444
10,709
13,548
District 2;
Federal
State member
Total------------------------District 3:
Federal----------- -----State member- ..-------------------.
Total-------
---------------
3,704
11,930
5, 116
1,686
1, 821
24,257
District 4:
Federal--.----- -----------------State member -----------.---------
15,590
12,725
9,983
9,436
7,550
16,489
2,195
1,912
3,362
5,630
38,680
46,192
-..----------Total----------...
28,315
19,419
24,039
4,107
8.992
84,872
15,016
7,884
20,163
30,930
12,152
8,514
3,420
3,293
4,178
6,102
54,929
56,723
Total.---...----.....-------------
22,900
51,093
20,666
6,713
10,280
111,652
District 6:
----------------Federal-.----......
.
State member --------------------
4,007
4,957
5,422
5, 827
4,571
2,800
1,720
1,758
1,156
3,067
16, 876
18,409
Total-------------------------
8,964
11,249
7,371
3, 478
4,223
35,285
District 7:
-----..
Federal....--.......------...
State member ......---.---..---.....
4,387
5,999
8,449
13,810
9,312
11,477
2,022
2,787
1,846
3,000
26,016
37,073
10,386
22, 259
20, 789
4,809
4,846
63, 089
5,570
3,557
5,515
4, 242
1 665
922
2,071
1,398
21,303
13,679
9,127
9, 757
2,587
3,469
34,982
7,264
7,067
3, 535
7,199
2,581
3,815
1,019
1,593
1,163
3,084
15,562
22,758
---.-------.----- 14,331
10,734
6,396
2,612
4,247
38,320
5, 670
3,871
3,262
1, 714
770
1,018
2,176
1,883
17, 491
11,779
8,906
9, 541
4,976
1,788
4,059
29,270
6, 788
4,334
5,287
2, 723
6, 236
3,481
1,170
988
2,091
2,400
21, 572
13,926
District 5:
------------Federal-.---------.
SState member - ..---------------
------Total----....---.........--District 8:
-------------Federal-..-----......
State member---------------------Total
.---..
--.............--------
District 9:
Federal.--------------------------State member ------------------- Total ----------.
District 10:
5,613
Federal-..........-------...--------3,293
State member..--....------------Total._-----
----------------
District 11:
---------------Federal---State member---------------Total -----...
-----------------
District 12:
Federal----------------------.........
.--State member-...
Total .
----------
-------
United States:
Federal-------------------------......
State member-..---------- --..--Total-------------------_
11,
122
:-----..:
18,483
14, 874
..
8,010
.:
:
4,887
8,168
6,482
3,560
10,042
9,717
: ,
..
2,158
4,491
35,498
.
,.,
:= ,-_ -
6,183
6,049
788
782
1,112
3,083
31,453
32,956
33,357
13,055
12,232
1, 570
4, 195
64,409
100,697
76,159
84, 447
116,459
68,729
70, 401
16,795
19, 760
21,318
36, 627
291,986
319,406
176j,
856
20% 906
a,5
57, 945
611, 392
~___
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ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
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150
ANNUAL
REPORT
OF FEDERAL HOME LOAN BANK BOARD
EXHIBIT 12
Summary of loans made by Federal savings and loan associations during year ended
June 30, 1937, by States
Stae
tatetion
Construc-
---------.
$411,100
Alabama .---.--...
Home pur- Refinancchase
ing I
$469,100
705,100
214, 300
254,400
26, 400
4,022, 500
142, 100
670,500
1, 685, 200
14, 360, 900
1. 549,100
1, 615, 300
1. 299, 600
Connecticut-..------.--------
604,400
1,184, 200
Florida ..----------..
7, 714,000
2,295,500
2,062, 900
1,277, 600
$1, 550, 700
1, 995, 700
Colorado------------------
1, 609, 700
1,500
209, 600
750, 700
425, 300
$165,800
Total
$161, 800
339, 100
682, 300
5, 655, 600
87,900
677,300
4, 587, 300
Georgia..-----.-----------Idaho -----.----------Illinois-----------------
Other purpg
Poses
$342, 900
386,900
Arizona--.------.----------.
Arkansas------------------ 1, 109, 100
California---...------------ 17,992, 600
------
Repr
dition
6, 300
313, 500
1,060,900
390, 600
821, 700
2, 991, 800
30,047,100
3, 572, 400
5, 766,100
417, 900
514, 700
206, 800
135, 500
2, 250, 700
2, 828, 400
7, 025, 600
8,152, 600
1,908, 600
1,615, 600
21, 530, 800
1, 828, 000
Indiana-.-----------------898, 900
Iowa ---------------------788, 600
Kansas .-------.--------1,840,400
-- -----------Kentucky1, 551, 300
-------Louisiana....--.---..
27, 500
Maine ------------. --------860, 200
Maryland---.....----------2, 460, 900
Massachusetts .----.------------------ 2, 123, 800
Michigan -----.
2, 723, 000
Minnesota---- --.-------.
424, 100
Mississippi------ ----------------1,510,400
Missouril------1, 600
Montana---------------644,100
Nebraska----------------.-------186, 600
New Hampshire
242, 500
New Mexico-----------------------9,887, 600
New York_--1, 324, 700
-----North Carolina
101, 100
-----North Dakota- -.
9,908, 200
Ohio
.---.--...----------2, 553, 500
Oklahoma--------------.----------1, 412, 900
Oregon-- ---------1, 812, 900
Pennsylvania-------.
0
Rhode Island----------------1, 958, 800
South Carolina
.--- ----- 142,
800
Dakota--------------South
2, 914, 000
Tennessee------------------3,934, 600
Texas ..-------------------..
422, 400
.- ---------.
Utah......-98, 200
Vermont--.--------------.
1,127, 300
Virginia .--------------.
800
3,
662,
------------Washington
807, 900
West Virginia _ --------1, 532, 400
Wisconsin ...-----------353, 800
Wyoming -----------------204, 700
-----Hawaii ----------40, 200
Alaska-- --... ----------
4, 586,400
1, 016, 600
914, 900
4,039, 700
918, 600
41, 900
2,833, 000
1, 866, 800
811,800
2, 248,000
159,000
1, 882, 400
16, 600
314, 500
405, 600
69, 300
6, 772, 900
788, 900
77, 900
15, 107, 100
3,107, 500
1,006,000
3, 654, 200
32,000
954, 600
99, 700
984,100
1, 704, 300
373,000
245, 500
1,229, 500
3, 246, 900
875, 000
1,336,000
268, 100
128, 209
3, 200
3, 366,900
1, 442, 200
198, 400
722, 900
459,100
100, 600
2, 621,100
858, 200
197, 600 *
169, 200
46, 400
106, 600
865,000
125,400
1, 842, 500
319, 700
245, 500
1,160,000
2, 881,400
711, 900
85,400
289, 500
560,800
2,450, 400
9,000
4, 600
58,100
426, 600
419, 200
119, 600
113,000
52,400
637,000
3, 395, 900
321, 200
666, 300
50, 500
113,000
1,936, 200
7,001, 300
422, 000
1, 631, 600
240,900
1,337, 800
321, 200
1,477, 300
39,000
0
285,900
847, 700
93, 300
60,900
698,200
2,393,000
503, 500
1, 304, 200
296,100
48, 200
255,100
31, 300
226, 900
1,123, 900
626, 700
3, 822, 000
896, 700
354,800
225, 600
978, 300
65, 200
251, 800
11, 500
154,100
0
3,000
878, 400
160 900
190,400
933,100
185, 300
1,800
101,000
308,100
275, 600
1, 364,000
102, 600
367, 800
100
163, 600
482, 900
18,800
729, 900
322, 500
111, 100
2, 755, 800
1, 542, 400
321, 300
176, 700
0
370, 700
24, 400
400, 800
533, 500
77,300
14, 300
327,000
1,474, 800
233, 900
225,100
59, 300
9,400
0
12,101, 900
2,997, 700
2, 453, 600
10, 292, 500
3,022, 000
224,200
4, 784, 600
6, 798,000
4, 616, 700
9, 928,300
1,060, 600
6, 771, 800
31, 900
1,606, 900
1, 613, 900
496,000
21, 423, 300
3,423, 600
453, 600
36, 708, 600
9, 257, 000
4, 318, 900
7, 442, 300
71,000
4, 417, 700
421, 100
7, 390, 100
7, 980, 100
1, 217,000
644, 400
4,034, 600
12,833, 200
3,168, 300
4, 297, 400
998, 200
507, 900
46, 400
98, 957, 900
82,861, 900
20,898,800
286, 770,000
Total.-----
--------
975, 800
67, 189, 700
16,861, 700
1 Refinancing of associations' own mortgages includes only the amount of increase in the mortgage.
ANNUAL
REPORT OF FEDERAL HOME LOAN BANK BOARD
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152
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
EXHIBIT 14
Number of foreclosure cases dispatched to State counsel and the status of these cases,
by months, for fiscal year ending June 30, 1937
STATUS OF FORECLOSURE CASES DISPATCHED TO STATE COUNSEL
Cumula-
tive total WithMonth
dispatched
cases
drawn
cases
Proper-
Properties
bought at
Proper-
quired in
absolute
sale but redemption
deemed
by bor-
period un-
rower
ties acfee
foreclosure
Sold to
d to
ties re-
Cases in
Cases in
Cases
Cases
thirdparty suspense pending
ndof atntdof
ale
claore
expired
1986
July---------August--........
September-......
October..------.
November--.....
December--.....
35,667
43,870
51, 148
57, 413
62, 221
67, 735
929
1, 264
2, 639
3, 753
4, 377
3, 065
6,937
8, 738
11,158
14,822
17,863
21,201
1, 993
2, 829
3,919
5, 525
6,848
8,969
1987
January---.....
- 72, 727
February------.
77,843
March .-------84, 385
April---..---- 90, 626
May--..------ 97,068
June.--.---.
101, 952
.
3,470
3, 740
4,124
4, 526
5,088
5,664
24, 260
27, 550
31,693
35, 580
40,052
44, 660
11,065
12,849
14,735
16, 355
17,977
20, 523
(2)
(2)
(2)
(2)
(2)
(2)
17
23
33
49
58
77
41
46
54
67
77
93
(2)
(2)
(2)
(2)
(2)
1,886
25, 767
30, 993
33,378
33, 246
33,056
32, 521
109
133
157
185
210
244
2,050
2,198
2,475
2,692
2,939
3,159
31, 756
31, 350
31,168
31, 239
30, 744
27, 625
1Includes properties redeemed by borrower through December 1936 and cases in suspense through
November 1936.
2 Included in withdrawn cases.
EXHIBIT 15
Total properties under jurisdiction of Property Management Division, June 30, 1937
Propeities
owned
Region 1A, Boston --_------------Region 1B, New York--..-------------------Region 2A, Baltimore ...----- --------------Region 2B, Cincinnati- ...-- -----------------Region 3A, Atlanta-...----......--.
---------.
Region 3B, Memphis....----- --------------Region 4A, Chicago.---......---- .----------Region 4B, Detroit-------.......---------------.
Region 5A, Omaha-..----...
-----------------Region 5B, Dallas---.......
.. ------------Region 6, San Francisco-----------------------Total, United States.----.
-----.--.-------
4, 216
8, 351
5,991
3,929
1, 703
6,882
1,691
1,077
2,052
4, 390
2,204
42,486
Properties in Properties on
process of
which authoracquiring
ized
foreclose
acceptor deed
titlowne
ance pending
-
Total
properties
properties
209
1, 316
175
1, 349
1, 515
352
6,355
5,124
6, 661
1, 372
3,182
1,125
6,192
2,396
3,204
884
1,213
1,212
1,347
2, 494
3,097
1,900
5, 550
15,859
8, 562
8,482
4,102
8, 447
9,258
7, 548
11, 207
8,859
7,286
27,610
25,064
95,160
ANNUAL
REPORT
OF FEDERAL
HOME LOAN BANK BOARD
153
Classification of properties into income and nonincome producing
Properties
owned
Properties in
process of acquiring title
Properties on
which author
ized foreclosure
or deed accept
ance pending
Total
n
Non- Income NonNon
Income Non- Income
ncome Incomeincome
produc- produc- produc- pod
producproduc
produc
producproducing
producing
ing
ing
ng
ing
ing
Region 1A, Boston-----------.---2,819
---3,919
Region 1B, New York--..----..
Region 2A, Baltimore- ..- ------3, 325
Region 2B, Cincinnati ..---..----2, 355
Region 3A, Atlanta--.....------...._
1,163
Region 3B, Memphis--.
.---------.
. 5, 211
Region 4A, Chicago---....
----1, 360
Region 4B, Detroit--.--------796
Region SA, Omaha--------------1, 509
Region 5B, Dallas-..--...
----.-3. 485
Region 6, San Francisco-. .---...... 1,114
Total, United States-..---..--
. 27,056
1.397 -------4,432 ---.--2,666 -------1, 574 .-----540
1,111
1,671 ------331 ------281
2
543 .----...
905
18
1,090 ------15,430
1,131
209 ------1,316 ------175 .-----1,349 ------404 -----352 -----6,355 ------5,122 -------6.661 ....---.
1,354 ...---.
3,182 ------26,479 .....---
1, 125
6,192
2 396
3, 204
884
1, 213
1,212
1, 347
2,494
3 097
1,900
2, ?19
3,919
3, 325
2, 355
2,274
5,211
1,360
798
1,509
3, 503
1,114
2, 731
11,940
5 237
6,127
1,828
3, 236
7,898
6, 750
9 698
5,356
6,172
25,064
28,187
66,973
154
REPORT OF FEDERAL HOME LOAN BANK BOARD
ANNUAL
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156
ANNUAL
REPORT OF FEDERAL HOME LOAN BANIK BOARD
0-4104 4
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157
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
EXHIBIT 17
Personnel-Number of employees at end of month, July 1936-June 1987
Total
Home
office
Regional
office
Stdistriend
district
offices
1936
July..--------------.---------------..------ August--.
.
--------------------------September --------------------------October...----------.-------------...--------November.-- ------------------------December---------- ----------------------------
15, 673
15, 783
15,832
16,042
16,063
16, 015
2,061
2,049
2,048
2, 048
2,003
1,982
5, 565
5, 742
5, 843
5, 966
6,004
6,015
8,047
7,992
7,941
8,028
8,056
8,018
15, 908
15, 761
15, 351
14,834
14, 771
14,966
1,970
1,964
1,950
1,887
1,852
1, 834
6,014
5,998
5,826
5,744
5,772
5,950
7, 924
7, 799
7, 575
7, 203
7,147
7,182
1937
January. ------------------------------February.--------- --------------------March---------------------------------April.---------- ------------ -----------------Ma------------------------------------ -June .--------------------------------------.
43246--38-----11
158
ANNUAL
REPORT OF FEDERAL HOME LOAN BANK BOARD
T HOUSAND S
OF
E MPLOY EE S
00
t-i
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0
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SONSAOH
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
159
EXHIBIT 19
Summary of refinancing operations, cumulative from the beginning of operations to
the close of the lending period, June 12, 1936
[Revised figures]
Loans closed
Applications received
State and region
United States---....---.
District No. 1-----------
Number
Amount
(1)
(2)
1, 886, 491 $6, 173, 355, 652
Average Number 1
(3)
$3, 272
(4)
Amount
Average
(5)
(6)
1, 018, 171 $3, 093, 459, 271
$3, 038
338, 902
1, 668, 315, 463
4,923
164, 250
781, 061,034
4,755
76, 783
316, 793, 696
4,126
37,485
150, 222, 919
4, 008
7, 781
50, 419
3,677
12,338
2, 568
19, 591, 063
229, 141, 405
9,424,307
51, 722, 851
6, 914, 070
2, 518
4, 545
2, 563
4,192
2,692
3,400
24, 524
1, 867
6, 118
1, 576
7,734, 375
109, 075, 668
4, 513, 223
24, 700, 721
4,198, 932
2,275
4, 448
2, 417
4,037
2, 664
262,119
1,351,521,767
5,156
126,765
630,838,115
4,976
22,327
81, 920
157, 872
118,166,517
423, 638, 238
809, 717, 012
5, 293
5,171
5, 129
10,281
36,339
80,145
44,234,775
175, 326,988
411, 276, 352
4,303
4,825
5, 132
390,828
1,389, 984, 724
3, 557
198,183
596, 321, 302
3, 009
178, 734
637,676, 429
3, 568
90,542
267, 572,038
2, 955
2,815
Dist. of Columbia ---4, 428
_------ 28,854
Maryland121, 483
Pennsylvania ..----21, 154
Virginia-------
9, 372, 598
27,545,649
86, 874, 728
450,186, 571
63, 696, 883
3,330
6, 221
3,011
3, 706
3, 011
1, 644
2, 091
15, 940
58,796
12, 071
5, 107, 653
12,143, 870
45, 610,900
167, 014, 200
37, 695, 415
3, 107
5, 807
2,861
2, 841
3,123
212, 094
752, 308, 295
3, 547
107,641
328, 749, 264
3,054
193, 502
704, 126, 635
3,639
98, 557
305, 877, 993
3, 103
18, 592
48,181,660
2, 592
9, 084
22, 871, 271
2, 518
266, 575
648, 086, 207
2,431
144, 636
354, 430, 776
2,451
112,929
261,038,770
2, 312
63, 603
147, 797, 980
2, 324
28,010
24, 891
23, 343
24,303
9,997
2,385
62, 207, 800
55, 932, 366
52, 828, 450
61, 752, 504
23, 250, 424
5,067,226
2,221
2, 247
2, 263
2, 541
2, 326
2,125
16,611
13, 537
14, 850
12,330
5, 684
591
37,037,585
30, 677, 881
33, 664, 632
31, 394, 396
13, 299,389
1,724,097
2,230
2, 266
2, 267
2, 546
2, 340
2,917
153, 646
387,047,437
2, 519
81, 033
206, 632, 796
2, 550
19, 768
31,866,382
1,612
10,348
18,677,768
1,805
20,460
24, 747
18, 600
45, 666
24, 405
53, 815, 839
70, 609, 431
31, 240,488
145, 058, 242
54, 457, 055
2, 630
2, 853
1,680
3,177
2,231
9, 233
14, 375
8, 767
24, 550
13, 760
25, 326, 811
40, 253, 494
16,463, 679
74,877,402
31, 033, 642
2, 743
2, 800
1,878
3,050
2, 255
410,434
1,332,809,775
3,247
233,174
747,011,351
3,204
182, 872
720, 373, 158
3,939
103, 120
394, 826, 630
3,828
127,128
55, 744
502, 219, 444
218,153, 714
3, 951
3,913
70, 024
33,096
279, 438, 542
115, 388,088
3,991
3,486
227, 562
612, 436, 617
2, 691
130, 054
352, 184, 721
2, 708
82,023
.---- 145, 539
203, 420, 971
409,015,646
2, 480
2, 8101
48, 824
81, 230
112, 170, 592
240,014,129
2, 297
2,955
Region 1A-- --..........
.......--.....
Maine---Massachusetts--------New Hampshire...--Rhode Island .-----........
Vermont--Region 1B ......-----
Connecticut .....---New Jersey- .-----New York, -----District No. 2---.........-- -
Region 2A--------Delaware-------------
Region 2B_------------
Ohio___-----West Virginia..------
District No. 3
------
Region 3A._---------_
Alabama ...-------Florida.....------Georgia--------------North Carolina-- .South Carolina .---_----Puerto Rico _
Region 3B
------
Arkansas------Kentucky ...------Louisiana ..---------Mississippi. --------Missouri-------------Tennessee-----------District No. 4 __...-----Region 4A_
_------------
Illinois -----Wisconsin-....
Region 4B----------------_
Indiana -------.. -Michigan--....
1 In addition to the 1,018,171 of loans closed as shown in column 4 there were also approximately 8,000
supplemental loans for reconditioning which were made to borrowers who had previously received refinanc
ing loans.
160
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Summary of refinancing operations, cumulative from the beginning of operations to
the close of the lending period, June 12, 1936-Continued
[Revised figures]
Applications received
State and region
Loans closed
Number
Amount
Average
(1)
(2)
(3)
Number
Amount
Average
(4)
(5)
(6)
$354, 136,105
District No. 5----------
275, 652
$601,925,385
$2,184
165, 746
Region 5A ........--------
155, 968
328,802,431
2,108
94, 967
42,618, 151
64, 802,125
56,067,208
90,411, 209
42, 713, 787
15, 373, 264
16,816,687
2,161
2,037
1,783
2,494
2,137
2, 061
1, 809
11,626
19,633
18,515
21, 023
13, 597
4,417
6,156
Colorado---...........
Iowa
_-------Kansas. ------___
Minnesota .......--Nebraska ............
North Dakota--......
South Dakota---......
Region 5B
19, 726
31, 805
31,447
36, 251
19, 985
7,458
9,296
191,412, 953
$2,137
2, 016
22, 922, 421
38, 831, 763
33,643,893
47, 966,105
28,113, 828
9,037, 527
10, 897, 416
1,972
1,978
1,817
2,282
2, 068
2,046
1,770
_---------_
119, 684
273,122,
954
2,282
70, 779
162,723,152
2, 299
New Mexico ------Oklahoma ----------.
Texas-State .-----..
.
4,778
38, 369
76, 537
9, 718, 871
86,336,396
177,067,687
2, 034
2,250
2, 313
2,462
23, 960
44,357
5,134, 547
54,379,830
103,208,775
2, 086
2, 270
2,327
2,194
2,473
2,345
18,304
11,035
15, 018
39,609,323
28,399,520
932
35,199,
2,164
2,574
2,343
Dallas....--......
32, 731
Houston ...-------.
19,997
San Antonio-.....
23,809
District No. 6 ...--.............
Arizona --------------..
California-State- ...---...
San Francisco ------Los Angeles----.-----.
Idaho ---------Montana--.-----------Nevada_ ----_
Oregon.------------Utah.....--Washington ----------Wyoming ---....Hawaii..-------. --- _-Alaska-----.....-----------
71, 802,199
49,444,164
55,821,324
204,100
532,234,
098
2,608
112,182
260,498,703
2,322
9,458
102, 392
25,557,786
315,161,871
2,702
3,078
6,508
51,563
15,771,067
136,705,959
2,423
2,651
28, 301
74,091
87,981,536
335
227,180,
3,109
3,066
12,030
39,533
32,957,397
103,748,562
2,740
2,624
6, 752
7, 017
1, 704
16, 863
14, 879
39, 539
3,793
1, 649
54
10, 697, 995
13, 234, 652
1, 584
1, 886
2, 786
2, 204
2, 370
1, 937
2,078
3, 534
2,523
4, 692
3, 679
1,206
9,410
10, 749
21,438
2, 446
481
8,183, 627
7, 284, 979
3, 298, 571
18, 554, 279
25, 035, 674
38, 882,356
5,463, 514
1,292, 704
25, 973
1, 744
1,980
2, 735
1, 972
2, 329
1,815
2, 234
2,688
2,597
4,746,996
37,164,261
35, 256, 141
76, 568,145
7, 881, 850
5,828,159
136, 242
J0
EXHIBIT 20
Statement of financial condition at June 30, 1937
ASSETS
Mortgage loans and sales instruments:
Balance receivable-------------Less: Reserve for losses--_------
$2, 556, 401, 318. 36
20, 529, 611. 32
Property acquired:
Acquired value----------------Less: Reserves for depreciation and
losses_ ---------------------
326, 020, 227. 30
Accrued interest receivable:
Balance receivable -------------Less: Reserve for losses----------
30, 105, 081. 22
25, 015, 771. 52
41, 203, 482. 94
$2, 535, 871, 707. 04
284, 816, 744. 36
5, 089, 309. 70
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
161
Statement of financial condition at June 30, 1937-Continued
ASSETs-continued
Operating funds (less amount due
sinking fund) --------------- _
Special funds (exclusive of bond
retirement)- --------- ------ _
Sinking fund assets ---------------
$19, 087, 726. 34
3, 668, 419. 80
-- -_------
Treasury bonds (accepted as repay
ments)
United States Treasury, trustee (funds
for retirement of bonds called or ma
tured and for payment of interest) --------Miscellaneous recoverable funds (held
by United States Treasury)___-------Investments:
Federal Savings and Loan 'Insur
ance Corporation -----------$100, 000, 000. 00
Savings and loan associations:
150, 481, 400. 00
Federal charters ----------State charters ------------_
32, 539, 600. 00
Deficiencies:
Judgments and claims- ---------Less: Reserve for losses- ---------
10, 255, 210. 68
10, 255, 210. 68
Leases with option to buy ----------Less: Reserve---------------------
122, 006. 22
122, 006. 22
Miscellaneous accounts receivable --------Differences subject to adjustment_--------Property expense (net), deferred pending
sale--------------------_Deferred charges and prepaid expenses-----------Fixed assets:
Real estate, buildings, fixtures and
equipment -------------------$5, 789, 268. 39
1, 623, 146. 05
Less: Reserve for depreciation__
$22, 756, 146. 14
61, 706, 384. 06
26, 800. 00
7, 452, 910. 25
20, 000. 00
283, 021, 000. 00
614, 838. 90
5, 591. 11
7, 730, 562. 73
2, 694, 892. 45
4, 166, 122. 34
3, 215, 973, 009. 08
LIABILITIES
Bonded indebtedness:
Matured bonds on which interest
has ceased -------------------Bonds outstanding, not matured__
$1,071, 050. 00
3, 012, 078, 600. 00
Accrued interest on bonds -----------Special funds held (see special funds
contra) ----------------Other liabilities:
Insurance and miscellaneous ac
counts payable_ --------------$719, 418.
Vouchers payable--------------1, 017, 042.
Payments on leases with option to
buy------------------------17,
713.
14, 351.
Contingent liability to borrowers-Deferred and suspense credits ----------Differences subject to adjustment --_
_____
-Reserve:
Fidelity and casualties ----------.
Less: Losses --------------------
3, 013, 149, 650. 00
26, 365, 960. 72
3, 668, 419. 80
88
08
91
53
1, 768, 526. 40
1,461, 686. 82
460, 756. 61
$850, 000. 00
11, 840. 65
838, 159. 35
162
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Statement of financial condition at June 30, 1937-Continued
LIABILITIES-continued
Capital:
Capital stock (authorized, issued,
and outstanding) ------------Deficit-------------------------
$200, 000. 000. 00
31, 740, 150. 62
$168, 259, 849. 38
3, 215, 973, 009. 08
EXHIBIT 21
Summary of income and expenses from beginning of operations to June 30, 1937
Operating income:
Interest earned-------------------$405, 165, 903. 45
Dividends received:
Savings and loan
associations-- _ $2, 427, 500. 03
Federal Savings and
Loan Insurance
3, 035, 326. 09
Corporation.5, 462, 826. 12
90, 067. 72
Interest earned on special investments_-
Total -------------------------Miscellaneous income -------------------
410, 718, 797. 29
1, 041, 116. 68
$411, 759, 913. 97
Total income
---------------------Operating expenses:
Interest on bonds------------------$233, 657, 665. 91
Administrative and general expenses ex
clusive of provision for depreciation
on buildings, furniture, fixtures, and
equipment included under provisions
for reserves---------------------Operating loss on property sold- ------Commissions on prop
erty sold and selling
expense--------$375,615.03
Less: Profit on capital
ized value of property
324, 891. 96
sold---------------
120,086,517.41
286, 948. 72
87, 8,V92. 07
V8
50n 79
Provisions for reserves:
20,537,874. 25
Loans-------------Delinquent interest.--- 25, 015, 993. 76
Depreciation-building
1, 719, 846. 02
and equipment ----39, 703, 248. 79
Property acquired- --Depreciation on prop
1, 534, 811. 84
erty acquired -----850, 000. 00
Fidelity and casualties_
89, 361, 774. 66
Less: Charges to prop
erty expense-defer
red pending sale ac
count--------------1,534, 811. 84
87,826,962.82
Total -------------------------Miscellaneous expenses------------------
441, 908, 817. 93
1, 591, 246. 66
---------------------------------
443, 500, 064. 59
Deficit at June 30, 1937--------------------------------
31, 740, 150. 62
Total expenses
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
163
EXHIBIT 22
Summary of income and expenses for the fiscal year ended June 30, 1937
Operating income:
Interest earned -------------$137, 163, 595. 00
Dividends received-savings and loan
associations ----------------2, 345, 741. 97
Interest earned on special investments
82, 135. 03
Total ----------------------------$139, 591,472. 00
Miscellaneous income ---------------------------------_
228, 930.'02
Total income ---------------------------------139,820,402.02
Operating expenses:
Interest on bonds--- $78, 646, 180. 62
Administrative and
general expenses---29, 598, 945. 44
Operating loss on prop
erty sold-----_
254, 748. 38
Commissions on prop
erty sold and selling
expenses----------Less: Profit on capi
talized
value
of
property sold------
367, 363. 33
295, 308. 00
72, 055.33
Total --------------------_ $108,571,929.77
Provisions for reserves:
Loans-------------$6, 828, 855. 96
35, 625, 103. 79
Property acquired --Depreciation-building
614, 301. 32
and equipment - 300, 000. 00
Fidelity and casualties_
Total -------------------------43,368,261.07
Miscellaneous expenses- ----------------544, 613. 37
Total expenses---------------------Deficit for the fiscal year ended June 30, 1937 -----------
152,484,804.21
12, 664, 402. 19
EXHIBIT 23
Statement of deficit, year ended June 30, 1937
$34, 024, 395. 72
Deficit at June 30, 1936 -------------------------------Add:
Deficit for fiscal year ended June 30, 1937_ $12, 664, 402. 19
Administrative and general expenses ap
plicable to prior fiscal years---------566, 794. 25
Interest income applicable to prior fiscal
377,399.82
years_ --------Miscellaneous income applicable to prior
203. 55
_
fiscal years
-----------------------13, 608, 799. 81
Total-----------------------------------_
47,633, 195. 53
Total deficit-------------------------------Deduct:
Adjustment of reserve for delinquent in
$15,601,455. 98
terest --------------------------Charges to property expense-deferred
pending sale-net- _
--- _-__--143, 680. 89
Adjustment of amortization of discounts
91,370. 04
on bond conversions ---------56, 538. 00
Adjustment of bond interest- __
15, 893, 044. 91
Total_---------------------------------------31, 740, 150. 62
Deficit at June 30, 1937------------------------------
164
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
EXHIBIT 24
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to Home Owners Loan Corporationby counties as of June 12,
1936
RECAPITULATION SHEET
[Figures for States and counties follow on pp. 165-213 of the report]
dApwn an nseected
Owned nonfarm homes
Loans closed
Number
of appli
cations
received
UNITED STATES_ 1, 886, 491
1A....----1B- ....--2A....
..--2B..------3A...-----3B-------4A ..--------.
4B--.---5A- ..---...
5B --.. _---6------.-------
Percent
Number
Amount
Number
1
Percent
mortaged
to
H. O. L. C.
I
868, 320
46. 0 1, 018,171 $3,093,459,271
76, 783
262, 119
178, 734
212,094
112,929
153, 646
182, 872
227, 562
155, 968
119, 684
204, 100
39, 298
135, 354
88,192
101, 453
49, 326
72, 613
79, 752
97, 508
61,001
48, 905
91, 918
51.2
51.6
49 3
49.2
43. 7
47. 2
43. 6
42. 9
39.1
40 9
45.0
37,485
126, 765
90, 542
107, 641
63, 603
81,033
103,120
130,054
94,967
70, 779
112,182
7,781
50, 419
3,677
12, 338
2.568
4, 381
25, 895
1, 810
6, 220
992
56. 4
51.4
49.2
50.4
38.6
3,400
24, 524
1,867
6, 118
1. 576
7, 734,
109, 075,
4, 513,
24, 700,
4, 198,
375
668
223
721
932
84, 963
415, 619
50, 947
64, 480
31, 704
4.0
5.9
3.7
9.5
5.0
22,327
81,920
157, 872
12, 046
45,581
77, 727
54.0
55. 6
49 2
10, 281
36, 339
80,145
44, 234, 775
175, 326, 988
411,276, 352
154, 880
448, 623
1, 017, 475
6.6
8.1
7.9
2, 815
1,171
41.6
1, 644
5,107,653
24,063
6.8
4, 428
28, 854
121, 483
21,154
2, 337
12, 914
62, 687
9, 083
52.
44
51
42
8
8
6
9
2,091
15,940
58, 796
12,071
12,143, 870
45, 610, 900
167,014,200
37, 695, 415
47, 190
176, 702
1,056,649
149, 230
4.4
9.0
56
8.1
193, 502
18, 592
94,945
9, 508
49 1
51.1
98, 557
9,084
305, 877, 993
22,871,271
748, 412
103, 802
13 2
8.8
28,010
24,891
23, 343
24, 303
9,997
2, 385
11,399
11,354
8, 493
11,973
4, 313
1, 794
40. 7
45. 6
36. 4
49.3
43.2
75. 2
16, 611
13, 537
14, 850
12, 330
5, 684
591
37, 037, 585
30, 677, 881
33, 664, 632
31, 394, 396
13,299,389
1, 724,097
105,
119,
114,
135,
55,
163,
494
523
808
375
707
589
15. 8
11.3
12.9
9.1
10. 2
.4
19, 768
20, 460
24, 747
18,600
45, 666
24,405
9, 420
11, 227
10, 372
9,833
21, 116
10,645
47. 7
54. 9
41.6
52 8
46. 2
43.6
10, 348
9,233
14, 375
8, 767
24, 550
13, 760
18,677,768
25, 326, 811
40, 253, 494
16, 463, 679
74, 877, 402
31, 033, 642
81, 653
154, 085
111, 071
65,032
300, 093
138, 660
12 7
6.0
12.9
13.5
8.2
9.9
127,128
55, 744
57,104
22, 648
44.9
40. 6
70, 024
33, 096
279,438, 542
115, 388, 088
765, 546
296, 457
9.2
11.2
82, 023
145, 539
33, 199
64, 309
40. 5
44. 2
48, 824
81, 230
112,170, 592
240, 014, 129
347, 704
542,154
14. 0
15 0
L
Region
Region
Region
Region
Region
Region
Region
Region
Region
Region
Region
Number
II - -- = -- - -- I
150, 222, 919
630,838,115
267, 572, 038
328, 749, 264
147, 797, 980
206, 632, 796
394, 826, 630
352, 184, 721
191, 412, 953
162, 723,152
260, 498, 703
10, 681, 599
647, 713
1, 620,978
1, 453, 834
852, 214
694, 496
850, 594
1, 062,003
889,858
928, 555
554, 954
1,126, 400
9.5
5.8
7.8
62
12. 6
92
9.5
9.7
14. 6
10.2
12.8
10.0
DISTRICT NO. 1
Region 1A:
Maine...
...----Massachusetts-....
New Hampshire --_
Rhode Island --.
Vermont-____---__
Region 1B:
Connecticut- .._-- _
New Jersey------New York- .....-
DISTRICT NO. 2
Region 2A:
Delaware--------District of Colum
bia.....----Maryland-,
-
Pennsylvania ---Virginia ---- ___
Region 2B:
Ohio-----West Virginia --DISTRICT NO. 3
Region 3A:
Alabama....---....
Florida-------.. -..
Georgia-..-------..
North Carolina . -.
South Carolina .Puerto Rico-----.
Region 3B:
Arkansas-....---Kentucky _----_-.
Louisiana -------- _
Mississippi -- ---Missouri ----- __.
Tennessee --------
DISTRICT NO. 4
Region 4A:
Illinois.-------...
Wisconsin.-------.
Region 4B:
Indiana...-------Michigan-.....1 Source: United States
census 1930.
ANNUAL
REPORT
OF FEDERAL
HOME LOAN BANK BOARD
165
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. 0. L. C. by counties as of June 12, 1936-Continued
RECAPITULATION SHEET
Loans closed
drawn and rejcted
Number
of appli
cations
received
Number
Percent
Number
Amount
Owned nonfarm homes
Number
Percent
mortgaged
to
H. 0. L. C.
DISTRICT NO. 5
Region 5A:
Colorado---------Iowa--...--------Kansas _...Minnesota_--.---Nebraska ..-North Dakota --South Dakota --Region 5B:
New Mexico ---Oklahoma_----Texas-----------
19, 726
31, 805
31, 447
36, 251
19, 985
7, 458
9, 296
8,100
12, 172
12, 932
15, 228
6, 388
3, 041
3,140
41.1
38. 5
41.1
42 0
32. 0
40.8
33. 7
11, 626
19, 633
18, 515
21, 023
13, 597
4, 417
6,156
$22, 922, 421
38, 831, 763
33, 643, 893
47, 966, 105
28, 113, 828
9, 037, 527
10, 897, 416
96, 552
233, 509
177, 624
227, 336
117, 657
35, 880
39,997
12.0
8.4
10. 4
9.3
11.6
12 3
15.4
4, 778
38, 369
76, 537
2, 316
14, 409
32,180
48. 5
37. 6
42. 0
2, 462
23, 960
44, 357
5,134, 547
54, 379, 830
103, 208,775
30, 716
149, 483
374, 755
8. 0
16.0
11.8
Arizona ---------9, 458
California ------ .102,
392
Idaho-----.-6, 752
Montana---------7, 017
Nevada-----------1, 704
Oregon----------16,863
Utah ------------14, 879
Washington-...
39, 539
Wyoming -----3, 793
Hawaii----------1, 649
Alaska ---------54
2, 950
50, 829
2, 060
3, 338
498
7,453
4,130
18,101
1, 347
1,168
44
32. 0
49. 6
30.5
47. 6
29.2
44.1
27.6
45. 7
35. 5
70. 8
81.5
6, 508
51, 563
4, 692
3, 679
1, 206
9, 410
10,749
21, 438
2,446
481
10
15, 771, 067
136, 705, 959
8,183, 627
7, 284, 979
3,298, 571
18, 554, 279
25,035, 674
38, 882, 356
5, 463, 514
1, 292, 704
25,973
33, 017
632, 202
32, 095
39, 378
8,990
111, 762
50, 730
188, 333
15, 269
14, 624
----
19.7
8. 2
14. 6
9. 3
13.4
8. 4
21.2
11.4
16 0
3.3
DISTRICT NO.
6
ALABAMA
rawn an
Number
applica
tions received
County
Number
rsejewted
Percent
Loans closed
Number
Amount
Owned nonfarm homes
Number 1
Percent
mortgaged
to
H. O. L. C.
State total-
--
28, 010
11,399
40. 7
16, 611
$37, 037, 585
105, 494
69
332
142
43
31
47
117
808
66
7
35
74
316
37
12
91
328
83
8
226
85
75
110
479
78
124
304
31
152
67
30
9
28
66
382
38
5
14
36
176
23
10
52
182
47
3
92
46
36
54
194
44
64
135
44.9
45.8
47. 2
69.8
29. 0
59.6
56.4
47.3
57. 6
71.4
40. 0
48.6
55. 7
62. 2
83. 3
57.1
55. 5
56. 6
37.5
40. 7
54.1
48.0
49. 1
40. 5
56. 4
51. 6
44. 4
38
180
75
13
22
19
51
426
28
2
21
38
140
14
2
39
146
36
5
134
39
39
56
285
34
60
169
62,588
286,908
194, 728
13,799
30,831
54,882
98, 183
923, 038
57,907
2,931
38, 679
42,583
158,359
24, 527
4, 164
55,867
333,655
60, 306
8,590
257,911
76,027
79, 237
90, 038
611, 169
51, 482
136, 705
300, 658
395
1,642
987
528
416
511
907
2, 821
714
221
593
279
926
279
254
705
1, 410
590
202
1,112
500
773
662
1, 882
714
585
1,325
Autauga-------------Baldwin --------------Barbour
---Bibb ------------------Blount-._._
Bullock- ---------Butler -- .-------Calhoun
-------------Chambers
------------Cherokee
-----Chilton --------Choctaw-.------------Clarke-------Clay ------------------------ Cleburne-Coffee----------------.
---.---Colbert--------Conecuh -----Coosa
------------Covmgton .-----------Crenshaw ---------------------------Cullman
Dale .....---Dallas .-De Kalb
- ------Elmore --Escambia ---..--------.....
15.8
9.6
11.0
7. 6
2.5
5.3
3.7
5. 6
15. 1
3. 9
.9
3.5
13 6
15.1
5.0
.8
5 5
10.4
6.1
2.5
12.1
7.8
5.0
8. 5
15. 1
4 8
10. 3
12. 8
166
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
ALABAMA-Continued
dra
County
Number
of appli
cations re
ceived
Loans closed
wn rejected
and
Number
Percent
Number
Amount
Owned nonfarm homes
Number
mortgaged
Percent
mortaged
to
H. O. L. C.
722
Etowah------_
----Fayette -----51
Franklin---------------63
------188
Geneva ---------26
Greene ---60
Hale -----------------.------------67
Henry
390
Houston.--- --------------104
Jackson --------12, 580
Jefferson ------48
Lamar----- --358
Lauderdale------------42
Lawrence ...---------130
Lee ---------Limestone ------------.
106
Lowndes- --------26
Macon
....---------..
297
Madison. -----422
Marengo--------------214
70
Marion-------------Marshall -------------136
Mobile.-------.------_
2, 609
Monroe
.--------112
Montgomery---------2, 345
Morgan---------------599
Perry......------86
Pickens .------- ----52
Pike..----------180
Randolph-------------36
Russell...------------195
St. Clair...--------74
Shelby......-- -------62
Sumter ------ -----48
Talladega.----- -------145
Tallapoosa ----------108
Tuscaloosa -----------.
611
Walker...------- -400
Washington ----------20
Wilcox ..-------64
Winston--------37
340
24
42
72
19
39
30
137
71
4, 787
34
158
26
72
67
9
150
186
104
46
44
889
51
625
279
47
27
76
29
85
47
33
29
73
72
316
177
10
34
27
47.1
47.1
66. 7
38.3
73. 1
65.0
44.8
35 1
68.3
38.0
70 8
44.1
61.9
55.4
63.2
34. 6
50.5
44.1
48. 6
65.7
32 4
34.1
45.5
26 7
46.6
54.7
51.9
42 2
80.6
43. 6
63.5
53.2
60.4
50. 3
66. 7
51.7
44.3
50 0
53.1
73 0
382
27
21
116
7
21
37
253
33
7, 793
14
200
16
58
39
17
147
236
110
24
92
1, 720
61
1, 720
320
39
25
104
7
110
27
29
19
72
36
295
223
10
30
10
$703, 978
49, 361
41, 195
177,781
17, 561
60,652
64,793
516,100
53,029
18,362,408
17,472
575, 044
25,976
175,224
97, 930
38, 801
191,487
547, 037
216,159
29,267
169,181
3,936, 303
119,170
4,130,198
625,404
110, t2
35, 9U5
225,142
14,947
173, 082
38,349
46, 244
37,321
195,019
83, 699
702,024
302,134
12, 751
43, 367
18,125
2, 711
403
738
744
224
519
451
1,597
940
33, 835
371
1, 606
330
1,485
696
199
531
2, 036
753
579
870
10, 109
454
6, 012
2,324
585
424
983
542
791
718
782
490
1,293
761
2,636
2,042
293
340
364
14.1
6. 7
2. 8
15.6
3. 1
4.0
8.2
15.8
3.5
23.1
3.8
12 5
4 8
3 9
5.6
8. 5
27.7
11.6
14. 6
4.1
10. 6
17. 0
13.4
28 6
13.8
67
5.9
10. 6
1 3
13.9
3.8
3. 7
3 9
5. 6
4. 7
11 2
10.9
3.4
8. 8
2. 7
ARIZONA
9,458
2,950
31.2
-6,508
$15,771,067
33,017
19.7
Apache
..------------.
_
83
Cochise--------531
Coconino ....---------125
Gila----. ------339
Graham ....---------.
189
Greenlee.._-------_
..
25
Mancopa --------5, 080
Mohave-----------54
Navajo-------- -----204
Pima
.-----------1, 760
Pinal_..-------------176
Santa Cruz
----..
..--195
Yavapai ...------..-407
Yuma---------------290
State total.-----.
62
194
73
146
95
22
1,228
27
79
547
89
104
173
111
74 7
36 5
58 4
43 1
50 3
88 0
24 2
50 0
38.7
31 1
50 6
53. 3
42 5
38 3
21
337
52
193
94
3
3, 852
27
125
1, 213
87
91
234
179
40, 250
599,893
118,562
281, 384
176, 735
14,177
9, 710, 392
49, 784
272, 855
3, 162, 359
148, 645
247, 896
578,917
369,218
463
3,587
679
2,974
786
909
11, 279
534
1,214
5, 298
1, 415
598
2,163
1,118
4 5
9 4
7.7
65
12. 0
.3
34 2
5. 1
10 3
22 9
6. 1
15. 2
10 8
16.0
ANNUAL REPORT
OF FEDERAL HOME
LOAN BANK BOARD
167
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
ARKANSAS
County
State total --Arkansas...-------Ashley--.
Baxter-...---------Benton.----- -----Boone..------Bradley--------Calhoun --------Carroll -----Chicot.---------Clark-----------Clay.-------------Cleburne-------........-Cleveland-.......----Columbia ---.........Conway------------Craighead..-----------.
Crawford ------------Crittenden-.....-.--Cross--------------Dallas-----------Desha.-----------Drew-------------Faulkner.----.---Franklin---...........----Fulton.---------Garland-....---------Grant.----------Greene.----------Hempstead---...-----..
Hot Spring ----........
Howard-.----- ---Independence--..----.
Izard---------------Jackson----- -----Jefferson.----------Johnson..--..---..
Lafayette.....-------..
Lawrence----------Lee---------------Lincoln....----------Little River-...----Logan-----------Lonoke----------Madison._------Marion------------Miller..----...
---...
--.
Mississippi-....---....
Monroe-----------Montgomery-...--Nevada--------Newton .....-------....
Ouachita..........----.
-------Perry
-----Phillips \
Pike------------Poinsett-----------Polk --.------------Pope-----------------Prairie----Pulaski----......-Randolph
_----_----St. Francis -----Saline---------Scott---..........---.
_
Searcy- _-------Sebastian. --.----...
----Sevier----Sharp--------Stone-....------------
___
applica
tions received
Number
19, 768
9,420
269
119
87
54
23
394
50
95
16
89
115
130
57
24
15
46
80
259
139
54
166
77
132
32
125
68
12
345
95
49
91
204
45
136
21
161
477
128
45
105
161
31
41
97
68
45
20
191
193
92
7
47
11
147
18
173
24
88
94
106
36
1,718
44
90
108
39
25
459
59
17
7
-I .I-
47
546
100
224
22
122
224
268
133
41
32
155
171
642
253
100
280
113
249
69
261
109
19
783
157
118
209
347
111
234
35
284
1,117
214
89
187
226
52
97
149
140
56
23
626
402
155
18
115
12
257
23
352
35
161
138
253
63
4,532
94
139
201
58
47
1, 144
145
27
10
Owned nonfarm homes
Loans closed
dAppn andnseected
Number __
Percent
II-
47.7
Number
I
I
44.2
62. 1
48. 9
72. 2
50.0
42.4
72.7
73.0
51.3
48. 5
42. 9
58. 5
46.9
29.7
46. 8
40.3
54.9
54.0
59.3
68.1
53.0
46. 4
47. 9
62.4
63.2
44. 1
40.9
91.7
57. 2
78.3
49.1
68.6
54.7
68. 1
41.9
57.1
37. 9
46.8
64. 7
53. 7
67.2
53.2
40. 1
40. 7
63.0
70.0
1, 123
31, 226
365
2, 216
232, 606
81,778
189,170
6
8,933
50
33
109
138
76
17
17
109
91
383
114
46
114
36
117
37
136
123
48. 0
59.4
38.9
I-
256,675
46, 235
129
56.7
30.5
Percent
mortgage
toL. 0.
L. C.
-I_I- $18,677,768 II- _81,653 I,_
150
33
24
152
41.5
43. 5
58.8
40. 5
58.1
60. 0
42.7
59.8
50.6
56. 1
71.2
59. 6
42.3
65. 1
48. 6
80. 4
87.0
Number
10,348
41
7
438
62
69
118
143
66
98
14
60.5
Amount
640
86
44
82
65
21
56
52
72
11
3
435
209
63
11
68
1
110
5
179
11
73
44
147
27
2,814
50
49
93
19
22
685
86
10
3
42,039
207, 646
205,945
73, 004
19,238
14,212
141,912
133,503
564,989
143,015
87, 048
174, 862
63, 414
209, 024
70,640
244, 548
55,296
9,633
1,020,039
83, 387
82,839
200,474
148,427
95,709
158, 771
11,514
221,474
1,038,933
112,380
46,054
118, 522
122,097
29, 519
62, 237
65,848
121,039
14, 075
6, 540
709, 769
342,470
92, 727
15,537
81,891
653
205, 741
4, 4 83
464, 705
9, 849
94,157
48,439
241, 207
33,310
6, 255,446
70, 813
89,134
128, 260
22, 124
15,990
1,301,134
107,203
13, 245
3,872
512
772
938
261
864
943
1,188
1, 078
385
260
773
706
1,945
1, 166
752
808
778
895
561
932
573
265
2,863
253
1,006
1,104
1, 035
601
948
295
744
3,636
771
584
801
12. 7
13.4
6.4
6.6
6.9
6.5
13.8
2.3
3.8
11.6
11.6
7.1
4.4
6.5
14.1
12.9
19.7
9.8
6.1
14.1
4.6
13.1
6.6
14.6
7.2
2.6
15.3
24.5
6.9
10.7
13.8
781
268
11.0
10.3
4.7
16.5
17. 6
11.2
7.5
10.2
9.8
6.8
9.6
5.7
8.6
5.1
1. 1
22.4
13. 0
8.1
4.1
599
11.4
663
310
582
918
836
217
265
1, 946
1,612
137
1, 453
231
1,507
384
857
802
1, 117
522
12,809
443
781
762
346
252
4,779
689
331
106
.7
7.6
2.2
11.9
2.9
8.5
5.5
13. 2
5.2
22. 0
11.3
6.3
12.2
5.5
8.7
14.3
12.4
3.0
2.8
168
REPORT
ANNUAL
OF
FEDERAL
HOME
LOAN
BANK BOARD
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
ARKANSAS-Continued
Number
applica
tions received
County
Applications withdrawn and rejected
__
Number
Percent
Loans
Number
b
losed
Amount
Owned nonfarm homes
Number
Percent
mortHage
to H. 0.
L. C.
Union..--------------Van Buren---- -----Washington-..- .......White.-------------Woodruff -----------Yell-..---- ----------
553
19
536
252
110
127
272
11
336
139
64
69
49. 2
57. 9
62.7
55.2
58. 2
54. 3
281
8
200
113
46
58
$478, 533
5,631
467,900
181, 596
60,061
65, 419
3,338
252
2,155
1, 507
676
720
8.4
3.2
9.3
7. 8
6. 5
8.1
CALIFORNIA
8.2
.
102,392
50,829
49 6
51, 563
$136,705, 959
632, 202
--.. .
7,905
4, 219
53.4
3,686
10,403,446
68, 833
54
0 ----....
2
100.0
365
61.1
3
100.0
60
62 5
609
57. 4
57
78.1
27
69. 2
802
45. 7
105
66 9
235
69 9
277
57. 6
4
80.0
380
43.6
65
57.5
71
77.2
60
76 9
26, 212
46. 4
61 1
58
360
56 2
9
100 0
86
79.6
173
71.8
56
64.4
0 .....----.
410
58. 0
58
70.7
88.9
16
1,183
48.8
168
60.0
28
87. 5
762
44 5
1, 250
54.1
37
56. 9
1, 690
52. 8
2,480
42. 7
2, 556
55.0
60.9
723
237
68 7
57.1
997
536
58 7
1,035
56 8
315
68.9
45
84. 9
2
100.0
110
79.7
128
74. 0
249
68 6
387
64. 9
83
76.1
71
64. 5
4
100.0
343
58 9
47
75.8
429
55. 4
117
43.8
38
62. 3
0
0
232
0
36
452
16
12
952
52
101
204
1
492
48
21
18
30, 285
37
281
0
22
68
31
0
297
24
2
1,243
112
4
950
1, 061
28
1, 511
3, 327
2, 089
464
108
749
377
787
142
8
0
28
45
114
209
26
39
0
239
15
345
150
23
0
0
475, 400
0
77, 703
1, 020,808
22, 506
27, 345
1, 554, 068
111,386
201, 508
463, 494
1,200
1, 055, 255
80,232
37,962
33, 666
83,151, 357
71,809
903, 762
0
37,935
142,045
783,042
0
45, 103
67,154
5,049
2, 758, 004
198, 688
5, 899
1, 756, 230
2, 520, 292
54, 584
2, 794, 293
8,059, 138
7,860, 488
1,083, 546
216, 512
2, 537, 350
1, 241, 453
1, 979, 982
351, 894
9, 346
0
43, 882
97, 016
274,638
432,122
48, 723
77, 300
0
399, 668
36, 972
714, 440
324, 482
55, 782
25
649
4,058
593
752
8, 938
473
739
13, 302
752
4, 569
2, 548
569
7, 580
1,616
750
793
264, 023
1,108
5, 895
180
2,152
1,790
550
121
4, 730
2,041
1,423
13,378
2,493
587
8,291
14,964
749
15, 758
28,876
57, 000
9, 533
2,872
12, 075
6, 382
18, 951
5, 289
1,137
297
1,930
3,829
6,078
4, 305
889
972
241
5, 026
968
4,829
1, 978
973
0
0
5.7
0
4.8
5.1
3.4
1 6
7. 2
6.9
2. 2
8.0
.2
6.5
3.0
2.8
2. 3
11.5
3.3
4.8
0
1.0
3.8
5. 6
0
6.3
1.2
.1
9.3
4. 5
.7
11.5
7. 1
3.7
9. 6
11.5
3.7
4. 9
3.8
6. 2
5. 9
4. 2
2. 7
.7
0
1. 5
1.2
1.9
4. 9
2. 9
4.0
0
4 8
1. 5
7. 1
7. 6
24
State total---...
Alameda.----....
Alpine------------Amador-.-------------Butte--------- -----.
Calaveras
..---.----.
Colusa.--- ----------Contra Costa------Del Norte.---.----....
Eldorado-..----------.
Fresno---- ---------..
Glenn-..----------...
Humboldt ---------Imperial--..---------.
Inyo---------------Kern----------------Kings-----. .
--------..
Lake -------..-------..Lassen-----...
.
-------Los Angeles..-------Madera.------ ----..
Marin--..-----. --... .
Mariposa.---- ---.. Mendocino....--------.
Merced ---------Modoc..--------. ----..
Mono--------0
Monterey --------Napa-------------Nevada ---------.----.
Orange-----. .------.
.
Placer-...---- ---Plumas .----- ----.. Riverside-----------Sacramento ----------San Bemto...--------San Bernardnmo----..San Diego---- ----San Francisco- .---- San Joaquin----------San Luis Obispo-..- .
San Mateo
---..........
Santa Barbara.-------Santa Clara.-----..---.
Santa Cruz--...-- -----Shasta. ----------Sierra.--..-----.......
Slsklyou--.---------.
.
Solano....--------.--.
Sonoma --------. _Stanislaus.----------..
.
Sutter---.----------.
.
Tehama...------------.
Trinity ....----------.
Tulare...--------582
Tuolumne -------..
.
-Ventura--------...........
Yolo.---------Yuba ----------.....
..
0
2
597
3
96
1, 061
73
39
1, 754
157
336
481
5
872
113
92
78
56, 497
95
641
9
108
241
87
707
82
18
2, 426
280
32
1, 712
2, 311
65
3,201
5, 807
4, 645
1, 187
345
1. 746
913
1,822
457
53
2
138
173
363
596
109
110
4
62
774
267
61
ANNUAL
REPORT
OF FEDERAL
HOME LOAN
BANK
BOARD
169
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
COLORADO
dAppiwn and rected
Numberaw
Number
apphca
tions received
County
Loans closed
___________ rejected
______________
Number
Number
Percent
Owned nonfarm homes
_____and
Amount
Number
Percent
mortgage
to H. 0.
L. C.
State total-..
-_
Adams-..-----------.
19, 726
8,100
41.1
11,626
$22,922,421
96,552
12 0
381
180
47. 2
201
316,697
1, 294
15. 5
80
49.7
325
39.6
6
75.0
43
41.0
56
44.4
46.0
326
66
49.6
28
60.9
18
81.8
51
62.2
16
80.
38
42. 2
2
50.0
77
52.7
2, 401
35. 6
0 --------8
44.4
14
73.7
20
60.6
48.5
657
168
46.0
66
68.0
3
100 0
80.0
4
21
56.8
1
100.0
87
45.8
4
57.1
363
54. 0
29
64.4
48
60. 8
3
75.0
52
25.7
333
43.8
164
58.6
23
37.1
107
55. 2
42.3
256
0 .....
22
34.4
19
36.5
26
47.3
52. 2
107
175
40.3
10
58.8
3
50.0
26
45.6
5
100.0
47.0
103
30.1
832
25.6
10
75
54. 7
44
50. 6
17
51.5
9
100.0
2
50.0
42
68.9
0
0
8
100.0
62.1
36
48.8
334
51
52. 6
81
495
2
62
70
383
67
18
4
31
4
52
2
69
4,340
0
10
5
13
698
197
31
0
1
16
0
103
3
309
16
31
1
150
427
116
39
87
349
0
42
33
29
98
259
7
3
31
0
116
1, 934
29
62
43
16
0
2
19
2
0
22
350
46
202, 079
829,404
1, 053
78,798
112,410
709, 610
119,443
26,809
5,116
39, 320
5, 552
61, 956
2,568
110,768
9, 935, 940
0
15, 650
10,783
17, 217
1, 236,109
313,266
59, 098
0
813
44, 655
0
152, 790
2,727
642,329
21,839
47, 334
1,272
* 308,147
1, 025, 328
183, 557
52,661
134,356
676, 480
0
81, 596
47,973
41,860
184, 239
431, 512
12,189
3,379
54, 826
0
212,785
3,305, 815
52, 022
145, 818
65, 725
25,586
0
5,049
36,468
1, 654
0
31, 048
624,093
54,846
696
2, 890
157
381
436
4,013
852
139
350
506
408
270
122
823
35, 402
88
170
217
213
6, 896
1,781
642
189
165
482
62
999
80
2, 270
165
386
916
960
3, 239
2,323
373
1,142
2, 019
94
237
347
632
1,085
1,902
199
127
348
265
802
7, 849
156
723
528
429
175
210
301
141
789
217
3,943
537
11.6
17.1
1.3
16.3
16.1
9.5
7.9
12.9
1 1
6.1
1.0
19.3
1.6
8.4
12.3
0
5.9
2.3
6.1
10.1
11.1
4 8
0
.6
3.3
0
10 3
3.8
13.6
9.7
8.
.1
15.6
13.2
5. 0
10.5
7. 6
17.3
0
17.7
9. 5
4.6
9. 0
13.6
3.5
2.4
8. 9
0
14.5
24.6
18.6
8.6
8.1
3.7
0
1.0
6.3
1.4
0
10.1
8.9
8.6
Alamosa -------------161
820
Arapahoe._---------- Archuleta...----------.
8
Baca-----------------105
Bent -_----------- -126
Boulder-..----------709
Chaffee-------------133
Cheyenne.------------46
Clear Creek.-----....
.
22
Conejos -----..
.------82
Costilla_------ ------20
Crowley ------------90
Custer ------------4
Delta----------- 146
Denver-----------6, 741
Dolores-----------0
Douglas.-----..
------.
18
Eagle.-----------..
--.
.
19
33
Elbert- ...------ ----.
El Paso-------------1,355
Fremont.------------365
97
Garfield.--------------Gilpin----------------3
Grand- ----------5
Gunnison-----.-----37
Hinsdale--------------1
190
Huerfano.----.------- .
7
Jackson ---------.-----Jefferson--------------672
45
Kiowa _--------------79
Kit Carson,-....---4
Lake----------------------202
La Plata---Larimer----------760
280
Las Animas--.--------62
Lincoln.------ ---194
Logan.---.--.-----605
Mesa---------------..
Mineral..-------- - 0
64
Moffat------------------52
Montezuma.----....
55
Montrose ..--------- 205
Morgan. --------434
..
Otero.------------------------------ 17
Ouray
6
---Park-. --------57
Phillips.-----------------5
Pitkin-----219
Prowers.---- --------...
2, 766
Pueblo -------------.
39
Rio Blanco..---..----. .
-----137
Rio Grande-----87
------- ---Routt ...-33
Saguache--------------9
------ -------San Juan-4
_--------San Miguel
------ -61
Sedgwick--2
-----Summit_--_
8
Teller ---------------58
-----------Washington
684
------- -Weld---97
Yuma------------------
170
ANNUAL REPORT
OF FEDERAL HOME LOAN BANK BOARD
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
CONNECTICUT
Applications with
drawn and rectd
County
Number__
applica
tions received
Number
Percent
Loans closed
Number
Amount
Owned nonfarm homes
Number
Percent
mortgaged
to H. O.
L. C.
State total-......
Fairfield .----------- .
Hartford..------------Litchfield -----------.
Middlesex .-----------New Haven----------New London---.-----Tolland-..-----------Windham.-------.--..
22, 327
12, 046
54. 0
10, 281
$44, 234, 775
154, 880
6. 6
6, 084
5, 543
1, 034
396
7,500
1, 288
142
340
3, 246
2,780
588
249
4,136
720
87
240
53 4
50. 2
56.9
62.9
55.1
55.9
61.3
70 6
2,838
2,763
446
147
3,364
568
55
100
12, 279, 857
12, 599,190
1, 554, 944
513, 931
14, 695,050
2,109, 068
171,914
310, 821
40,168
35,190
9, 538
5,965
44,920
12, 056
2,730
4,313
7.1
7.9
4. 7
2. 5
7. 5
4.7
2.0
23
DELAWARE
State total-----Kent-..---------------New Castle-------.
Sussex -----
------.
2,815
1, 171
41 6
1,644
$5,107,653
24, 063
6.8
363
2, 180
261
792
71. 9
36. 3
102
1,388
279,107
4,467, 969
3,056
17, 035
3 3
8.1
3,972
3.9
272
118
43.4
154
360,577
DISTRICT OF COLUMBIA
Washington----------..
4,428
2,337
52.8
2,091
$12,143,870
47,190
4.4
FLORIDA
24,891
11,354
45.6
13,537
$30, 677, 881
119,523
11.3
Alachua-----.--------.
395
Baker---....----------.
6
101
Bay-------.-----------Bradford -------------54
Brevard--...----..
---. 296
Broward.------------595
Calhoun ..------------.
21
Charlotte .----------- .
57
Citrus--------------44
Clay-----------------52
Collier -------------3
Columbia-----------118
Dade------.---------4, 106
De Soto------.-----.
117
Dixie--...----------- .
12
Duval.----.----.-----2,977
Escambia .----------.
698
Flagler.------------22
Franklin-..---..
---... 69
Gadsden.------.-----105
Gilchrist.------.-----8
16
Glades.--------------.
Gulf..-------------....
22
Hamilton--.---------..
.
43
Hardee-- -----.--.--141
Hendry .------------.
14
Hernando..--. -----..
.
42
Highlands --------.---159
Hillsborough.-----.-.3,
096
Holmes--. --------....
.
28
Indian River-..----- . 125
Jackson...----..
----..
.
111
Jefferson.-------....
---36
Lafayette----..
--....
.
8
Lake-...-. . -369
Lee-----.......--..---- ..
305
Leon
--------........
..
341
Levy
------33
192
4
70
34
145
391
15
28
28
27
2
48
1, 718
55
9
1, 432
322
11
46
54
6
13
10
28
74
8
28
73
1,221
17
74
56
27
4
162
134
113
24
48. 6
66.7
69.3
63.0
49.0
65.7
71. 4
49.1
63. 6
51.9
66/7
40. 7
41.5
47.0
75.0
48 1
46. 1
50 0
66. 7
51.4
75.0
81.3
45. 5
65.1
52.5
57.1
66 7
45.9
39. 4
60.7
59.2
50. 5
75.0
50.0
43. 9
43. 9
33. 1
72. 7
203
2
31
20
151
204
6
29
16
25
1
70
2,388
62
3
1, 545
376
11
23
51
2
3
12
15
67
6
14
86
1,875
11
51
55
9
4
207
171
228
9
518, 322
1,910
52,897
37,532
366,478
359,443
8,104
55, 342
25,097
51, 030
2,400
157, 823
5,259, 727
113,766
5,008
4, 086, 326
795, 266
17, 607
40, 897
99,997
2,800
4, 572
13, 753
25, 660
83, 410
6, 780
24, 559
158, 608
3, 956, 064
16,028
96, 629
99,942
18,915
5,096
525, 770
338, 201
579, 779
13, 726
2,391
163
1,004
313
1,515
2,272
236
416
410
510
109
659
13, 415
650
186
13, 236
4, 343
139
619
1,248
87
152
152
324
557
125
305
724
13, 838
357
539
907
552
85
2, 254
1, 372
1, 482
532
8. 5
1.2
3.1
6.4
10.0
9.0
2. 5
7. 0
3.9
4.9
.9
10. 6
17. 9
9.5
1.6
11.7
8. 7
7.9
3.7
4.1
2. 3
2.0
7. 9
4. 6
12.0
4.8
4. 6
11 9
13 5
3.1
9. 5
6. 1
1.6
4.7
9.2
12. 5
15.4
1.7
State total.....-
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
171
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
FLORIDA-Continued
Owned nonfarm homes
Loans closed
dAppwn and rejecte
Number_
applica
County
Percent
tions re-
Number
ceived
Percent
Number
Amount
Number
mortgaged
to H. O.
L. C.
6
Liberty -------------Madison--------35
Manatee---------- --503
213
Marion---------------118
Martin.--.------------68
Monroe ---------------78
Nassau_---- ---------54
Okaloosa-------------49
Okeechobee ---------1, 386
Orange----------178
Osceola.--------------.
_----1, 350
Palm Beach97
Pasco------------1, 447
Pinellas------------------1, 279
Polk.. ------247
Putnam-------386
St. Johns-----------200
St. Lucie--------------Santa Rosa------------64
Sarasota---------227
Seminole-----------429
47
Sumter----------Suwannee-----------80
Taylor_ ---------58
Union-----------------19
1, 342
Volusia ------------.
18
Wakulla ----------- --124
Walton---------------44
Washington -------
1
21
203
122
82
33
36
37
34
488
63
739
52
679
546
134
164
107
35
95
201
27
29
20
13
566
12
81
31
5
14
300
91
36
35
42
17
15
898
115
611
45
768
733
113
222
93
29
132
228
20
51
38
6
776
6
43
13
16.7
60.0
40. 4
57. 3
69.5
48. 5
46. 2
68. 5
69.4
35.2
35.4
54. 7
53. 6
46.9
42. 7
54. 3
42. 5
53. 5
54. 7
41.9
46.9
57.4
36. 3
34.5
68.4
42. 2
66.7
65.3
70. 5
$5, 300
35,652
679,443
246, 506
53,468
68,155
70, 383
29, 324
14,009
2, 221,880
162, 684
1, 392, 729
75,830
2, 026,166
1,743, 046
250, 327
543, 806
192, 556
36, 856
353,628
402, 554
33, 956
86, 121
91,808
11,745
1, 719, 264
6,371
77,478
21, 573
143
379
1, 983
2,019
438
1, 206
775
489
232
5, 726
1,125
4,922
1, 073
8, 765
5, 585
1, 798
1, 792
565
1, 128
689
1, 780
661
582
379
130
5, 499
348
730
404
3.5
3.7
15.1
4. 5
8.2
2. 9
5.4
3. 5
6. 5
15. 7
10. 2
12. 4
4. 2
8.8
13.1
6.3
12 4
16. 5
2. 6
19.2
12. 8
3.0
8.8
10.0
4.6
14.1
1.7
5.9
3.2
114, 808
12. 9
GEORGIA
State total ..
.
23,343
-
70
- ---------Appling
30
Atkinson.----------....
54
Bacon_-.-----------7
Baker. -----84
Baldwin.---.---.--5
Banks.....- -----68
Barrow._.,---------98
Bartow-------------189
Ben Hill-----------..
45
Berrien.------------1, 408
Bibb........-------....
18
Bleckley..---------13
Brantley--..--------96
Brooks....-------------19
Bryan..------164
Bulloch..-------------..
------50
Burke 47
Butts-------------23
Calhoun----14
Camden-----------11
Candler-------------99
Carroll----122
Catoosa __----------14
.
.----Charlton-..Chatham-..---..----1, 079
1
Chattahoochee..-----23
.---------Chatooga_
34
Cherokee._----------..----356
Clarke------...
25
Clay----58
Clayton..-----------48
Clinch------349
Cobb.--------------99
Coffee-------
8, 493
36. 4
41
18
24
4
52
1
20
33
85
21
571
7
9
31
14
75
20
16
10
8
5
37
31
11
419
0
10
5
116
9
16
18
67
43
14,850
58.6
60 0
44.4
57.1
61.9
20. 0
29.4
33.7
45.0
46.7
40.6
38.9
69.2
32.3
73. 7
45.7
40.0
34.0
43.5
57.1
45.5
37.4
25.4
78.6
38.8
0.0
43.5
14.7
32.6
36.0
27. 6
37. 5
19 2
43.4
$33, 664,632
1
1
1
1
1
29
12
30
3
32
4
48
65
104
24
837
11
4
65
5
89
30
31
13
6
6
62
91
3
660
1
13
29
240
16
42
30
282
56
32, 026
9,360
32, 529
6,235
81, 514
2, 665
87, 551
137, 465
137, 699
24,771
1, 995, 129
22, 812
4, 289
93, 001
5, 019
179, 770
80, 217
46,464
19, 237
11, 044
10, 690
111, 292
124, 245
3,503
2, 047, 664
1,366
20,657
69, 235
641,420
29,827
65, 331
38, 210
629, 434
87, 369
-
-
305
196
153
66
809
101
371
900
764
324
5, 273
205
138
555
267
525
517
307
271
480
145
721
416
163
6, 697
41
284
460
1, 629
207
364
207
1,860
523
9.5
6.1
19 6
4.5
4.0
4.0
12.9
7.2
13. 6
7.4
15.9
5.4
2.9
11.7
1.9
17.0
5.8
10.1
4.8
1.3
4.1
8.6
21.9
1.8
9.9
2.4
4.6
6.3
14.7
7.7
11.5
14. 5
15. 2
10. 7
172
ANNUAL
REPORT
OF FEDERAL
HOME
LOAN
BANK
BOARD
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
GEORGIA-Continued
dAppwn and rejecte
County
Number
applica
tions received
Number
Percent
Loans closed
Number
Amount
Owned nonfarm homes
Number
Percent
mortgage
to H. 0.
L. C.
Colquitt---.--------.
136
Columbia------------ .
8
Cook-------...-------.
100
Coweta
.------------.
131
Crawford-------------.
16
Crisp-.------------113
Dade .---------------.
.12
Dawson -------.------0
Decatur--------------236
De Kalb-.------------1, 842
Dodge-..-----------..
86
Dooly---------------116
Dougherty-------.----297
Douglas--------------22
Early-----------43
Echols .-------------0
Effingham -- -------- .
35
Elbert------------97
Emanuel.-----------..
114
Evans.---------------53
Fannin-..----.------..
40
Fayette --------------32
Floyd-----.----------.
333
Forsyth.-------------10
Franklin-------.------47
Fulton---------------6,897
Gilmer.------------..
7
Glascock-----.----..
--6
Glynn.----. ---------.
392
Gordon -----...
-----13
Grady--------------90
Greene------ ---------57
Gwinnett-------------49
Habersham...-----.-.
83
Hall .--------------182
Hancock -----------27
Haralson.-------- --33
Harris----------------.
17
Hart-----------------24
Heard--------------3
Henry..--------------16
Houston.------------51
Irwin
.--------- -----60
Jackson------- -------55
Jasper- -------------21
Jeff Davis---------.----25
Jefferson.----..-------.
117
Jenkins-.------........
49
Johnson--------------61
Jones----------------29
Lamar -----------.
46
Lanier -------------29
Laurens--------------.
214
Lee .------.----------16
Liberty.------.-------32
Lincoln------------.
6
Long..-------------25
Lowndes------ ----372
Lumpkin------------9
McDuffie ------.-----.
31
McIntosh--------.-----26
Macon---------------105
Madison-------------13
Marion- ------------9
Meriwether ----------84
Miller-.--------------31
Mitchell..-------.-----95
Monroe ------------57
Montgomery- ------.
.
32
Morgan------------35
Murray-------------.
6
Muscogee ----..-------..
616
56
41.2
4
50.0
42
42.0
40
30. 5
37. 5
6
56
49.6
4
33.3
0 ---------63
26.7
471
25. 6
33
38.4
35
30.2
110
37.0
12
54 5
20
46. 5
0 -----....
17
48. 6
30
30.9
45
39 5
24
45.3
20
50.0
10
31.3
105
31.5
6
60. 0
38.3
18
2,137
31.0
4
57.1
4
66. 7
201
51.3
8
61.5
42
46.7
25
43.9
24
49.0
26
31.3
62
34.1
19
70. 4
13
39.4
8
47.1
10
41.7
2
66.7
4
25.0
19
37. 3
31
51.7
19
34. 5
7
33.3
9
36.0
31
26.5
17
34.7
23
37.7
4
13.8
17
37.0
13
44.8
103
48.1
43.8
7
11
34. 4
1
16.7
18
72.0
155
41.7
3
33.3
11
35. 5
15
57.7
41.0
43
6
46. 2
4
44. 4
30
35. 7
32 3
10
33
34. 7
26
45.6
17
53. 1
19
54. 3
66.7
4
244
39. 6
80
4
58
91
10
57
8
0
173
1, 371
53
81
187
10
23
0
18
67
69
29
20
22
228
4
29
4,760
3
2
191
5
48
32
25
57
120
8
20
9
14
1
12
32
29
36
14
16
86
32
38
25
29
16
111
9
21
5
7
217
6
20
11
62
7
5
54
21
62
31
15
16
2
372
$146,995
3,759
67, 546
215, 354
12, 270
125,164
9,744
0
262,260
3, 906, 667
78, 455
111,423
480,030
14, 228
47, 822
0
21, 777
143, 803
114,305
48,079
26, 221
20,717
390, 300
5,097
55, 637
11,958, 033
10,845
3, 304
325, 054
12, 722
66,478
47, 389
41,551
81,002
260, 437
14,965
17,973
11,706
26,936
788
20,944
64, 200
41,573
58, 638
23, 214
19, 378
175, 439
48,973
61,926
41,324
57,639
32,279
235,939
14,595
26,331
7, 05
3,378
453,036
15,211
39, 828
11,989
115,820
7,743
9,031
84,563
24,961
121,415
40,378
15, 222
35, 287
1, 476
1, 004, 700
829
117
407
911
60
808
137
35
856
6, 683
436
418
1,239
190
296
47
381
464
402
217
531
142
2, 136
100
352
23,832
107
83
1,529
492
451
407
761
561
1, 106
239
402
246
234
56
338
239
300
474
262
160
523
208
250
105
379
119
790
143
275
91
96
1,488
113
250
457
538
234
137
549
86
540
338
209
335
161
3, 099
9. 7
3.4
14. 3
10. 0
16. 7
7.1
5.8
0
20.2
20. 5
12.2
19. 4
15.1
5.3
7.8
0
4. 2
14. 7
17. 4
13.4
3.8
15.5
10. 7
4.0
8.2
20.0
2. 8
2.4
12. 5
1.0
10. 6
7.9
3.3
10.2
10.8
3.3
5.0
3.7
6.0
1.8
3.6
13.4
9.7
7. 6
5.3
10.0
16.4
15.4
15.2
23.8
7.7
13.4
14. 1
6.3
7.6
5.5
7.3
14. 6
5.3
8. 0
2.4
11. 5
3. 0
3. 6
9. 8
24. 4
11.5
9.2
7. 2
4.8
1.2
12. 0
ANNUAL REPORT OF FEDERAL
HOME LOAN BANK BOARD
173
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
GEORGIA-Continued
drawn and rejti thd
Number
applica
tions received
County
Number
Percent
Loans closed
Number
Amount
Owned nonfarm homes
Number
Percent
morftaged
to H. 0.
L. C.
Newton---------------Oconee.---------------.
Oglethorpe-..-----.
Pauldnmg..---..-----Peach.-------------Pickens.----..--------.
Pierce.-----.----------.
Pike ,-------------Polk.-------------Pulaski.------------Putnam--..-----------.
Quitman-----------. .
Rabun
_-------------.
Randolph ---------Richmond ---------Rockdale----------Schley _------------- Screven..---------Seminole--------------Spalding --.---..-----Stephens,-------------Stewart-.-------Sumter--.-----------.
30
19
11
9
126
21
94
11
96
59
36
5
35
100
567
19
6
38
30
142
82
37
219
12
10
4
4
56
5
41
7
32
22
23
4
14
55
248
11
5
19
11
43
29
21
92
40 0
52. 6
36. 4
44.4
44. 4
23.8
43.6
63.6
33.3
37.3
63.9
80.0
40.0
55 0
43.7
57.9
83.3
50. 0
36. 7
29. 6
35.4
56.8
42. 0
2
25.0
18
9
7
5
70
16
53
4
64
37
13
1
21
45
319
8
1
19
19
100
53
16
127
Taliaferro.------------Tattnall..------------.
.
Taylor-...--..
-----.
Telfair-....-------....
Terrell.---------Thomas.----..---------
9
71
48
134
74
457
4
41
24
75
31
184
44. 4
57. 7
50 0
56.0
41.9
40.3
81
5
9
161
32
7
3
28
285
50
559
6
68
79
5
6
34
3
5
61
10
5
2
15
77
23
282
2
34
39
2
4
45
58
35
50
44
16
30
15
29
15
Talbot .--------
----
8
Tift.------ ---------...
116
Toombs------------Towns--.....--------.
.
Treutlen-..----...-Troup ...----------Turner-..-----------..
.
Twiggs.----....
---Union ...--.--------..
Upson ----------Walker .----------..
Walton --------- -Ware----------------Warren -----------Washington--------Wayne -------------Webster ------------Wheeler.------------...
White-....-
26
-
Whitfield---------Wilcox .---- ------ -Wilkes ----------Wilkinson---------Worth ----------------
-
34
15
$23,868
14, 735
16,864
6,544
98, 858
34,346
81, 533
6,952
119,028
52, 251
23, 647
3,079
20,178
70, 016
911, 294
13, 904
6,800
40, 288
27, 394
214,140
93, 849
27,129
345, 901
437
130
160
183
521
155
343
209
768
254
178
45
204
646
4,465
208
100
319
146
885
414
324
1, 085
4.1
6.9
4.4
2.7
13.4
10.3
15. 5
1.9
8.3
14. 6
7.3
2 2
10.3
7. 0
7.1
3. 8
1.0
6.0
13. 0
11.3
12 8
4.9
11.7
5
30
24
59
43
273
7, 939
38, 329
28,626
76, 408
94,159
454, 743
130
359
324
483
553
1, 934
3.6
8. 4
7.4
12. 2
7.8
14.1
42 0
60 0
55.6
37.9
31 3
71 4
66 7
53.6
27.0
46 0
50 4
33 3
50.0
49 4
40 0
66.7
47
2
4
100
22
2
1
13
208
27
277
4
34
40
3
2
67,763
2,201
7,522
235,818
35,197
2,879
800
40,632
358,801
42,873
388,794
3,382
84, 881
61,804
2,092
1, 973
444
73
85
1,178
268
68
47
395
1,185
473
1,874
232
574
348
55
136
10.6
2.7
4,7
8.5
8.2
2 9
2 1
3.3
17 6
5. 7
14 8
1.7
5.9
11.5
5.5
1.5
356
51.7
42 9
58.0
34.1
29
28
20
21
29
68,373
29,355
38,819
21,906
45,054
945
253
481
302
305
3.1
11 1
4 2
7.0
9. 5
4, 692
8,183, 627
32, 095
14. 6
624
3
655
89
56
142
25
0
163
202
36
1,396,298
3,540
1,340, 209
120, 908
68, 090
253, 901
29,779
0
201, 784
392, 253
50, 756
3,736
137
2, 511
632
536
763
331
155
1, 279
1,186
399
16.7
2.2
26.1
14.1
10. 4
18.6
7.6
.0
12. 7
17 0
9. 0
29.3
57.7
6
82
11
/
10,589
157,910
13,041
219
553
115
2.7
14.8
9.6
IDAHO
State total- -
--
Ada -----------------Adams ------------Bannock -------------Bear Lake- --------Benewah -------------Bingham_---- ---------Blaine ..---- ----- ----Boise__._----Bonner ....------- -Bonneville--..
--.
Boundary---...... --..
6, 752
2, 060
813
8
838
150
92
192
38
0
- 266
265
67
189
5
183
61
36
50
13
0
103
63
31
43246-38-----12
30. 5
23 2
62 5
21.8
40. 7
39.1
26. 0
34.2
-______
38. 7
23 8
46 3
174
ANNUAL REPORT
OF FEDERAL
HOME LOAN BANK BOARD
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
IDAHO-Continued
Owned nonfarm homes
Loans closed
n eswcted
dApw and
Number__
County
applica
tions received Number
Butte----------------Camas-------Canyon ----------Caribou---------Cassia-- ---------Clark--------8
Clearwater-------------
18
13
522
26
119
Number
38.9
46.2
29. 9
34.6
33.6
75.0
43.8
11
7
366
17
79
2
9
$11,456
9,910
663,105
30,526
115,577
1,552
12, 591
105
55
2,167
128
587
56
392
10 5
12.7
16,9
13.3
13.5
3.6
2.3
60.9
4b. 4
38.7
43.8
35.9
41.9
59. 5
31.8
41.5
22.1
37.1
73.3
65.5
37.1
21.3
33. 3
26.1
39. 5
56.3
25. 6
48.5
37.8
31.6
25. 0
59.1
31.9
9
59
136
91
98
25
17
73
79
377
83
8
10
22
100
60
269
46
7
116
35
107
26
282
9
62
15,580
86, 093
228,214
129, 092
122,606
37,152
18,479
100, 575
124, 231
465, 520
133,185
9,873
8, 749
28,099
175,711
82, 554
519,919
64,013
5,049
186, 505
53,998
188,930
34,102
555,977
14,703
92,484
237
468
536
630
489
383
700
372
375
2, 381
1,348
327
350
104
437
395
1,539
376
129
502
247
1, 771
138
1,854
268
504
3.8
12.6
25. 4
14.4
20. 0
6.5
2. 4
19.6
21.1
15.8
6.2
2.4
2.9
12.0
22.9
15.2
17.5
12.2
5.4
23.1
14.2
6. 0
18.8
15. 2
3.4
12.3
7
6
156
9
40
6
7
16
Custer---------Elmore ----------Franklin----------Fremont ----Gem
----------\Gooding ------------- Idaho ------------Jefferson ------Jerome --------Kootena-------484
Latah ---------------_
Lemhi ..----Lewis --.-------------Lincoln
--------------Madison --------------Mimdoka
-------------Nez Perce _
_--------Oneida
..-------------Owyhee.--------Payette -------------Power ----------Shoshone--------Teton ------------Twin Falls -------- -----Valley.----Washington..--------- .
23
108
222
162
153
43
42
107
135
14
49
86
71
55
18
25
34
56
107
49
22
19
13
27
30
95
30
9
40
33
65
12
94
13
29
132
30
29
35
127
90,
364
76
16
156
68
172
38
376
22
91
Percent
mortgage
to H. 0.
L. C.
Percent
-
Amount
Number
ILLINOIS
State total .....
127,128
-1
625
-------Adams--351
Alexander---.---------68
Bond.----------------.
124
Boone------------------12
-------------Brown
171
Bureau-.---------11
---------Calhoun-126
Carroll--------260
----- Cass -----.----------- 980
Champaign
365
Christian --------70
Clark...--------------------76
Clay
59
--------Clinton
------603
Coles -------81,953
Cook -----------------188
Crawford.--------.----.
.---------67
Cumberland
259
De Kalb-- --------175
De Witt-------------211
Douglas .-------------.
2,833
Du Page_------------209
--------Edgar---39
Edwards- ...---------.
80
Effingham -----------54
Fayette--------------56
Ford ----------------Franklin --------433
-------395
Fulton--Gallatin ...-------- ---43
Greene_---------------85
57,104
274
208
47
40
8
85
9
79
136
535
225
40
47
39
310
36,002
80
24
121
132
87
564
129
24
44
35
42
259
231
23
56
1
44.9
-
43.8
59.3
69.1
32.3
66. 7
49.7
81.8
62. 7
52. 3
54. 6
61.6
57 1
61.8
66.1
51.4
43 9
42.6
35.8
46.7
75.4
41.2
19 9
61.7
61. 5
55 0
64 8
75 0
59 8
58 5
53 5
65 9
1
70,024
351
143
21
84
4
86
2
47
124
445
140
30
29
20
293
45,951
108
43
138
43
124
2, 269
80
15
36
19
14
174
164
20
29
$279,438,542
1- -
- -
'-
896,057
313, 509
40,685
181,107
7,380
169,437
2,595
91,039
233,015
1,450, 288
246,691
46, 234
60,771
27,802
683, 710
211,992,722
196,691
65,465
321,074
72,815
191, 334
9, 633,122
144,355
18,292
67,398
40,107
24,364
217, 744
274,832
24, 270
51, 384
1- -
765, 546
- -
7,177
1,824
1,489
1,850
645
4, 521
421
2,119
1,978
7, 273
4,158
1, 653
1, 255
2, 139
4, 563
347,001
2,093
755
4,085
1,995
1,882
16,051
2,714
955
1,825
1,526
1, 691
6,705
4, 973
727
1,925
1-'
9.2
4.9
7.8
1.4
4.5
.6
1.9
.5
2.2
63
6.1
34
1.8
2.3
.9
6.4
13.3
5.2
5.7
3.4
2.2
6.6
14.1
2.9
1.6
2.0
1.2
.8
26
3.3
2.8
1.5
ANNUAL REPORT
OF FEDERAL
HOME LOAN BANK BOARD
175
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
ILLINOIS-Continued
County
Number
applica
tions received
Grundy---------------81
Hamilton --------.----41
Hancock---------.----149
Hardin.-------------4
Henderson- .----------.
24
Henry -.------------..
365
Iroquois ------------182
Jackson.------------334
Jasper ....----------..
.
29
Jefferson.------------.
356
Jersey -------------20
Jo Daviess---------- 72
Johnson .----------..
23
Kane---------.-------2,527
Kankakee--------.----580
Kendall_------------ .
88
Knox
.--------------872
Lake-..---.---------2, 673
La Salle_--- --------1, 311
Lawrence-------------184
Lee------------------218
Livingston-.---.------.
170
Logan.-----------..
194
McDonough.----------.
193
McHenry.
.----------.. 448
McLean..------------893
Macon-..----------..
1, 650
Macoupin-----...
-----455
Madison..--- .. ------1, 733
Marion------.--------425
Marshall...---.-----..
.
72
Mason---------------143
Massac-..-----.-----72
Menard-------------42
Mercer-...---.------79
Monroe------..------20
Montgomery..--------.
226
Morgan--..-----------249
Moultrie--------------73
Ogle-.----------..
165
Peoria---------------1, 933
Perry------------ --228
Piatt---------------114
Pike-------------68
Pope.----------------21
Pulaski-.------------ 132
Putnam------- ----.20
Randolph.---- ---.....
114
Richland-..---------..
37
.
Rock Island-..-------..
3, 216
St. Clair------------2,046
Saline.-------.-------.
439
Sangamon..-----------.
1, 405
Schuyler------------46
Scott..---------------..
50
Shelby-----....
.
------192
Stark --------------35
Stephenson ----------.
139
Tazewell..----------..
.
386
Union--..----- --.... .
93
Vermilion----. .------. .
1, 845
Wabash-------------..
180
Warren ------------ 116
Washington--.....
--...
11
Wayne..----...------62
White..-------------...
63
Whiteside-.--.-----...
259
Will------2, 522
Williamson------..........
302
Winnebago....-------2, 535
Woodford----....--- 103
Applications with
cted
drawn and r
__
Number
47
17
103
2
13
238
116
203
16
162
18
42
13
1,050
380
55
369
1,055
608
72
95
92
109
113
189
468
891
291
1, 058
200
37
69
37
30
36
14
140
106
43
77
859
121
85
46
9
76
14
70
21
1,126
1,036
140
744
35
39
116
23
100
201
55
868
51
47
6
29
38
124
976
182
1, 212
46
Percent
58.0
41.5
69.1
50 0
54.2
65.2
63.7
60.8
55.2
45 5
90.0
58.3
56.5
41.6
65. 5
62. 5
42.3
39. 5
46.4
39. 1
43.6
. 54.1
56.2
58.5
42. 2
52. 4
54.0
64.0
61. 1
47.1
51.4
48.3
51.4
71.4
45.6
70.0
61.9
42.6
58.9
46.7
44.4
53.1
74.6
67.6
42.9
57.6
70.0
61.4
56.8
35.0
50. 6
31.9
53.0
76.1
78.0
60.4
65.7
71.9
52.1
59.1
47.0
28.3
40.5
54. 5
46.8
60.3
47 9
38.7
60. 3
47 8
44. 7
Loans closed
Number
34
24
46
2
11
127
66
131
13
194
2
30
10
1,477
200
33
503
1,618
703
112
123
78
85
80
259
425
759
164
675
225
35
74
35
12
43
6
86
143
30
88
1,074
107
29
22
12
56
6
44
16
2,090
1,010
299
661
11
11
76
12
39
185
38
977
129
69
5
33
25
135
1, 546
120
1, 323
57
Amount
$94,911
36, 207
64, 990
2,100
15,011
242,808
125, 364
232,140
21,463
327,080
5,427
49,934
13, 758
5,011,854
524,470
62, 676
1,273,571
6,722,970
1,682,207
178,034
264,561
163, 381
153, 236
195,405
786,065
1,179, 769
2, 063, 873
243,377
1,650,392
418, 644
85, 511
120,769
61,005
17, 985
68,123
17,132
143,212
308,239
61,035
165,658
3,387, 291
163,963
50,836
25, 815
23, 965
76,497
9, 592
77, 754
27, 594
4,982, 588
2,711,128
353,972
1, 671,319
20,790
13,415
119,795
17,148
108, 545
424, 266
74,600
2,310,751
153,063
109,437
6, 850
47,438
33,897
276, 834
5, 388, 551
145, 030
3, 864, 431
120, 751
Owned nonfarm homes
Number
2,021
703
2,786
348
744
5,663
3,005
3,684
800
2,725
1,155
2,266
597
18,398
5,370
1,043
6, 736
13,181
13,029
2,030
3,201
3,851
2,897
3,112
4,061
8,524
10,747
6,504
17, 788
4,073
1,460
1, 660
1, 177
975
1,677
1,027
4,171
3,299
1,095
2,918
17,117
2,357
1,562
2,181
325
1,162
475
2,769
1,422
12,302
19,113
3, 580
13,849
913
718
2,358
852
4,816
5,634
1,226
10,898
1,422
2,315
1,364
1,143
1,530
4, 255
13, 781
6,339
15,396
1,903
Percent
mortgaged
to H. 0.
L. C.
1.7
3.4
1. 7
.6
1. 5
2. 2
2. 2
3. 6
1. 6
7.1
.2
1. 3
1.7
8.0
3. 7
3.2
7. 5
12. 3
5. 4
5 5
3.8
2.0
2. 9
2. 6
6. 4
5.0
7.1
2. 5
3. 8
5.5
2.4
4. 5
3.0
1.2
2. 6
.6
2. 1
4. 3
2. 7
3.0
6.3
4. 5
1.9
1. 0
3. 7
4.8
1.3
1. 6
1. 1
17.0
5. 3
8.4
4.8
1. 2
1.5
3.2
1.4
.8
3. 3
3.1
9.0
9 1
3 0
.4
2. 9
1.6
3.2
11. 2
1 9
8 6
3. 0
176
ANNUAL
LOAN BANK BOARD
OF FEDERAL HOME
REPORT
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
INDIANA
Apphcations withdrawn and rejected
County
Number
applica
tions received
Number
Loans closed
Percent
Number
Owned nonfarm homes
Amount
Number
Percent
mortgaged
toL .C.
L. C.
State total .....
82,023
33,199
40.5
1
1
204
-----Adams .-----6,499
Allen..----......-----182
Bartholomew ---------.
128
Benton....-----...---135
Blackford...--------...
429
Boone -----------13
Brown_----------154
Carroll.----...------779
Cass ..-----..------336
Clark...-----.----360
Clay--------554
Clinton ----------45
Crawford-.- -------398
Daviess----------63
Dearborn ..----------.
122
Decatur--...--...---351
De Kalb-.--- --2,088
Delaware-...--------70
Dubois-....--------2, 109
Elkhart----------460
.--------Fayette--725
Floyd .....---------387
----..........
Fountain
47
Franklin.--......----.
219
......-----...
Fulton-439
Gibson.----- ----1,182
Grant -----------601
Greene-------------454
Hamilton---------185
Hancock------------46
Harrison---------264
Hendricks.......---839
Henry ---------1,272
Howard....----------623
Huntington .-------113
Jackson.....--------126
Jasper -....--.-----71
Jay-...................
92
Jefferson-..._--------53
Jennings -----------210
Johnson.------------969
Knox.---_---------325
Kosciusko........----84
Lagrange------------12,622
Lake--------------1.847
La Porte--..---------1,603
Lawrence ----------2,042
Madison...------.
13,503
Marion----------410
Marshall.---------88
Martin
---451
Miami-------1,378
Monroe--------339
Montgomery --------294
Morgan.-----80
Newton -----295
Noble----9
Ohio___
--_
206
Orange-------141
Owen.._------ ----110
Parke...----123
Perry...-------118
Pike.
---------484
Porter-----------117
Posey----------------83
Pulaski_. -----253
Putnam, --....-...-204
Randolph ..--------206
Ripley---------155
Rush...--------------
92
2,505
108
74
84
162
12
88
296
151
196
185
23
204
47
76
199
926
41
866
165
201
149
31
159
233
621
301
210
92
26
128
386
528
206
79
87
46
45
36
93
374
214
50
5,464
840
655
700
4,292
196
51
284
446
168
140
51
204
5
109
87
71
83
66
301
59
54
115
125
90
99
-
48,824
1-
45 1
38 5
59 3
57 8
62 2
37.8
92.3
57.1
38.0
44.9
54. 4
33 4
51.1
51.3
74.6
62 3
56 7
44 3
58 6
41. 1
35 9
27 7
38. 5
66 0
72 6
53. 1
52. 5
50 1
46.3
49.7
56 5
48.5
46.0
41 5
33. 1
69. 9
69.0
64. 8
48. 9
67. 9
44.3
38. 6
65. 8
59. 5
43.3
45. 5
40. 9
34. 3
31 8
47. 8
58. 0
63 0
32. 4
49. 6
47.6
63. 8
69. 2
55. 6
52. 9
61. 7
64.5
67. 5
55.9
62.2
50. 4
65. 1
45.5
61. 3
43.7
63. 9
-
--
$112,170, 592
r 1 --
112
3,994
74
54
51
267
1
66
483
185
164
369
22
194
16
46
152
1, 162
29
1, 243
295
524
238
16
60
206
561
300
244
93
20
136
453
744
417
34
39
25
47
17
117
595
111
34
7,158
1,007
948
1,342
9,211
214
37
167
932
171
154
29
91
4
97
54
39
40
52
183
58
29
138
79
116
56
-
--
--
241, 483
11,710,122
150,737
80,279
78,476
449,155
2, 640
73,701
844,169
403,420
153,306
595, 207
24, 588
336,051
34,819
90,708
269,871
2,462,646
57, 500
2, 790, 330
710,714
1,001,486
303,705
28,073
81, 859
335, 273
910, 518
285, 203
331,659
143,799
30, 227
218, 786
770,638
1, 249,815
666, 032
74,437
91, 621
43, 736
68,611
28, 278
200,873
859,120
225, 171
51,138
19, 527, 547
2, 627,103
1, 747, 681
2, 867, 906
23, 096,932
413, 488
40, 937
318, 376
2,086, 620
306, 804
221,472
60,183
146, 903
10,098
154, 974
82,975
41,209
75, 618
71, 612
480, 002
68, 934
36, 427
307,910
111, 651
205, 096
100,997
347, 704
1 ---------
1, 643
19, 332
2,309
970
1,541
1,978
211
1,384
3,666
3,089
2,-858
2,923
607
2,416
2, 131
1,803
3,088
7, 874
2,077
9,677
1,883
4, 229
1,900
1,062
1,292
2,945
5,879
3, 204
2, 391
1,843
923
1,693
3,908
4,981
3, 257
2, 350
969
1.880
1, 621
857
2,359
4, 513
2, 722
1. 088
25, 570
7, 036
3,856
10, 191
48,895
2, 467
633
3, 283
3,672
2,942
1, 752
961
2, 575
325
1, 486
904
1,472
1, 430
1,312
2, 560
1, 544
776
1, 729
2, 533
1,410
1,714
1-
14.0
68
20.7
3.2
5.6
3.3
13. 5
.5
4.8
13.2
6.0
5.7
12. 6
3.6
80
.8
26
49
14 8
1.4
12 8
15.7
12 4
12. 5
15
46
7.0
95
94
10 2
5.0
2.2
80
11.6
14. 9
12 8
1.4
4.0
1.3
2.9
20
5.0
13. 2
4.1
3.1
28.0
14.3
24.6
13. 2
18.8
87
5.8
5.1
25.4
5.8
8.8
3.0
3.5
1.2
6.5
6.0
2.6
2.8
4.0
7.1
3.8
3.7
8.0
3.1
8.2
3.3
ANNUAL REPORT
OF FEDERAL
HOME
LOAN BANK
BOARD
177
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
INDIANA-Continued
dra
and
wn rejected
Loans closed
Owned nonfarm homes
Number
applica
tions received
Number
Percent
Number
St. Joseph.----------. .
8,100
2, 827
34 9
5, 273
$13, 452,151
22, 075
23 9
Scott------------------Shelby_-----------Spencer ...-----------Starke--.----------Steuben......-------Sullivan -----------Switzerland.----------.
.
Tippecanoe----------Tipton-----------Union- ------------Vanderburg----------Vermillion----------Vigo-----------------Wabash-------------Warren...-.--------.
.
Warrick...----------..
Washington..-------..
.
Wayne--------------.
Wells..-------------...
White----..
---------Whitley-. --------
20
1, 211
52
132
152
803
15
1, 377
206
23
2, 248
459
2, 774
424
75
144
57
1, 138
217
243
187
8
330
39
78
103
401
11
514
106
7
699
211
1,108
215
42
8034
507
93
144
92
40 0
27 3
75 0
59 1
67 8
49 9
73.3
37. 3
51.5
30 4
31.1
46.0
39 9
50. 7
56.0
55. 6
59 6
44. 6
42 9
59.3
49.2
12
881
13
54
49
402
4
863
100
16
1, 549
248
1, 666
209
33
64
23
631
124
99
95
20,180
1, 338, 440
16,969
76,642
81,178
429,156
5,333
2, 253, 076
172, 903
25,515
3, 401, 926
267, 071
3, 413, 595
374,942
42, 931
86, 007
39,610
1, 493, 503
159, 863
112, 294
137, 872
520
3, 062
1,119
877
1,481
2, 693
458
5, 127
1, 334
567
12, 752
2, 661
11, 809
2, 679
628
1, 420
1, 228
6, 350
1, 596
1,480
1, 434
2 3
28. 8
1.2
6.2
3.3
14 9
0.9
16. 8
7. 5
2.8
12. 1
9. 3
14.1
7. 8
5.3
4. 5
1.9
9 9
7.8
6. 7
6. 6
County
Amount
Number
Percent
mortgaged
to H. 0.
L. C.
IOWA
31,805
12,172
38. 5
19, 633
$38, 831, 763
233, 509
8 4
Adair.-------------51
Adams------.-------.
34
Allamakee -----------84
Appanoose-----------262
Audubon ----------.
69
Benton-----------166
Black Hawk..----.---.
1,472
Boone---.-----------428
Bremer -------------66
Buchanan ..------....
.
130
Buena Vista ---------.
164
Butler -----------131
Calhoun ..--------...
130
.
Carroll- .---------.-..
126
Cass----------------170
Cedar-.
----.........
90
Cerro Gordo --......
541
Cherokee...--.-----..
119
Chickasaw----.------.
.
129
Clarke--------67
Clay------------114
Clayton.....---------169
Clinton -----------738
Crawford- .---------.
132
Dallas---......---- --281
Davis.---- -----------30
Decatur--------------115
Delaware .----------.
84
Des Moines-.-------..
.
681
Dickinson..-----....
132
Dubuque...---- ---... 702
Emmet ----------109
Fayette ......-----309
Floyd---------318
Franklin --------140
Fremont ----------131
Greene --------113
Grundy-----------83
Guthrie ----------75
Hamilton-----......-.
211
Hancock----- ---............
83
Hardin...-------............ 213
State total.----.
24
19
37
131
31
98
710
120
45
66
56
52
41
41
81
35
275
44
66
38
52
75
262
56
107
14
51
54
200
61
336
42
138
120
47
50
28
36
33
47
28
83
47.1
55. 9
44 0
50 0
44. 9
59 0
48. 2
28 0
68 2
50.8
34.1
39.7
31 5
32 5
47 6
38. 9
50 8
37 0
51 2
56 7
45. 6
44.4
35 5
42 4
38 1
46. 7
44.3
64. 3
29. 4
46 2
47.9
38. 5
44 7
37. 7
33 6
38. 2
24.8
43 4
44 0
22. 3
33 7
39. 0
27
15
47
131
38
68
762
308
21
64
108
79
89
85
89
55
266
75
63,
29
62
94
476
76
174
16
64
30
481
71
366
67
171
198
93
81
85
47
42
164
55
130
26,650
21, 388
71, 570
174,635
44,311
98,872
1,630, 650
503, 456
44,956
91,383
220, 674
119,821
123, 576
163, 324
130,010
93, 512
583, 270
114,576
85,839
31,662
103,741
167,331
1,056,349
101,638
288,096
19,673
78,886
54, 106
944, 467
104, 683
911, 245
103,069
278,457
317,937
147, 578
121, 930
129,769
79, 611
57, 517
285, 943
87, 519
230, 190
937
648
1, 242
2,437
727
2, 148
8, 395
2, 851
1,566
1, 595
1, 471
1,478
1,391
1,8431,745
1, 485
3, 712
1,329
1,113
758
1,132
2,116
5,685
1,617
2,307
649
1,121
1, 327
5, 414
830
6,379
1,023
2,746
1,899
1, 036
1, 055
1,212
1, 039
1, 284
1, 514
949
2, 162
2 9
2.3
3.8
5 4
5. 2
3.2
9.1
10 8
.1.3
4. 0
7. 3
53
6. 4
4. 6
5.1
3 7
7. 2
5 6
5 7
3.8
5. 5
4.4
8.4
4.7
7 5
2. 5
5. 7
2. 3
8. 9
8. 6
5. 7
6 5
6 2
10 4
9.0
77
70
4. 5
3 3
10.8
5. 8
6 0
178
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
IOWA-Continued
dApwn and rected-
Loans closed
Owned nonfarm homes
Number
County
Harrison--------- ----Henry -------------Howard.------------..
Humboldt .---------Ida-----------------Iowa-..---..--------...
Jackson--.
.....
-------Jasper.---------------Jefferson -.---------Johnson.----------Jones------------ ---Keokuk .--- --------.. .
Kossuth-.-----------Lee--------------..
Linn .-------------Louisa ---------------Lucas-----------------Lyon.------------Madison -------------Mahaska.--.--------Marion--------.-----Marshall.-------------Mills,--------------Mitchell.-------.-----Monona-------------Monroe---------------Montgomery.------.--.
Muscatine .--------..
O'Brien.---------------.
Osceola--..-----------Page -----------------Palo Alto-...-------- .
Plymouth....---------.
Pocahontas .----------Polk ----------------Pottawattamie--------Poweshiek ..----------Ringgold-----------Sac .----------------Scott----------------Shelby --------------Sioux .--------------Story --------------Tama---------------Taylor ---------------Union-----------Van Buren ..-------.---------WapelloWarren ---------------Washington..---- ---Wayne ------------Webster--------------.
----. .
Winnebago ----Winneshiek---.--------Woodbury -----------Worth--...--------...
Wright ----------------
applica
tions received
Number
Percent
Number
305
118
38.7
187
$239,358
1,812
10. 3
130
67
98
80
96
100
390
168
464
80
109
133
445
1,493
55
104
103
128
309
218
394
157
134
124
101
179
217
126
56
290
94
190
111
5, 361
1, 745
132
104
119
1,991
99
160
621
155
59
195
50
466
93
146
83
778
100
152
2, 301
63
192
52
34
32
28
39
45
180
65
176
44
53
40
218
723
23
44
39
64
123
108
181
57
65
44
47
81
110
51
19
113
29
75
44
1, 468
727
51
37
38
573
31
67
263
79
37
88
31
191
48
53
39
272
36
74
782
26
67
40 0
50 7
32.7
35.0
40.6
45. 0
46. 2
38.7
37 9
55. 0
48.6
30.1
49.0
48.4
41.8
42. 3
37.9
50.0
39.8
49.5
45.9
36.3
48.5
35 5
46.5
45.3
50.7
40.5
33.9
39.0
30 9
39 5
39 6
28 8
41.7
38. 6
35.6
319
28.8
31.3
41.9
42.4
51.0
62.7
45.1
62.0
41.0
51.6
36.3
47.0
35.0
36.0
48.7
34.0
41.3
34.9
78
33
66
52
57
55
210
103
288
36
56
93
227
770
32
60
64
64
186
110
213
100
69
80
54
98
107
75
37
177
65
115
67
3, 893
1,018
81
67
81
1, 418
68
93
358
76
22
107
19
275
45
93
44
506
64
78
1, 519
37
125
131,064
54,857
111,132
76,082
102,998
82,440
392,085
214,407
828,146
56,209
75,463
162, 874
412,933
1,853,251
39,496
84, 925
111,334
92, 045
306,187
128, 266
400, 580
154,681
103,758
117, 340
74. 079
210, 500
191,119
116, 368
66,424
302,938
111,433
218, 623
101,772
7, 912, 045
1, 854, 846
141,456
80, 762
128,728
3, 531,164
133, 490
146, 732
786,018
113,497
25,844
143,799
18, 873
445,497
63, 750
147,830
43, 795
1,144,095
93,142
167,055
3, 692, 762
63, 051
179, 495
1, 621
1,068
966
867
1,313
1, 660
2,960
1,426
3,047
1, 530
1, 744
1, 523
4,901
10,901
959
1, 267
933
999
2, 426
2,497
3,459
1, 046
1,195
1,147
1,118
1, 655
3,707
1, 606
598
2,262
949
1, 700
921
21, 773
7, 669
1, 578
775
1,431
8, 875
1,116
1, 896
3,102
2,068
1,222
1,857
1,141
5,086
1,393
1, 821
1, 230
3, 723
825
1, 540
9,900
664
1, 674
4.8
3.1
6.8
6 0
4 3
3 3
7.1
7 2
9. 5
2. 4
3. 2
6.1
4. 6
7.1
3 3
4. 7
6.9
6. 4
7. 7
4 4
6 2
9.6
5.8
7. 0
4. 8
5 9
2. 9
4. 7
6 2
7.8
6.8
6 8
7.3
17.9
13. 3
5.1
8. 6
5.7
16 0
6 1
4.9
11.5
3. 7
1 8
5.8
1.7
5.4
3.2
5.1
3.6
13.6
7.8
5.1
15.3
5 6
7.5
177,624
10 4
Amount
Number
Percent
mortgaged
to H. O.
L. C.
KANSAS
State total---
.
Allen-- ----------Anderson...----------.
Atchison..
- - . ----------.
Barber--..
Barton---------------Bourbon ---------Brown. --------------
31,447
12,932
41.1
18,515
$33,643,893
365
88
352
153
226
313
325
159
40
189
53
97
113
129
43.6
45. 5
53.7
34. 6
42. 9
36. 1
39. 7
206
48
163
100
129
200
196
232, 953
59, 470
311, 472
164, 825
239, 671
320, 828
253, 405
2,323
1,032
2,436
802
1, 740
2, 079
1, 849^
8.9
4. 7
6. 7
12. 5
7. 4
9. 6
10. 6
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
179
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
KANSAS-Continued
dAppln an ns wcted
Loans closed
Owned nonfarm homes
Number
County
applica
tions received
Number
Percent
Number
434
58
71
395
35
171
25
29
128
13
39.4
43.1
40.8
32. 4
37.1
263
33
42
267
22
$459,039
37,701
42, 545
341, 679
45, 506
2, 570
485
818
3, 604
309
10.2
68
5. 1
7.4
7.1
75
183
93
52
108
870
596
71
335
81
310
93
65
200
73
395
714
326
209
65
71
60
84
18
271
58
123
300
59
49
111
90
108
607
30
124
82
394
59
342
79
37
87
460
209
168
318
154
140
114
962
130
99
89
289
107
112
98
132
65
118
61
98
268
68
1,165
68
29
90
48
34
42
370
225
41
126
50
176
36
21
75
32
117
250
188
111
35
26
13
31
11
64
29
57
124
28
22
76
51
44
340
16
40
27
166
17
222
18
26
37
168
107
90
130
43
78
55
492
56
41
39
84
41
51
53
51
25
44
46
61
87
32
440
20
38. 7
49.2
51.6
65.4
38 9
42. 5
37. 8
57. 7
37 6
61 7
56. 8
38. 7
32.3
37 5
43.8
29.6
35 0
57. 7
53 1
53.8
36 6
21. 7
36 9
61.1
23.6
50 0
46. 3
41 3
47. 5
44.9
68. 5
56. 7
40. 7
56. 0
53 3
32. 3
32 9
42. 1
28.8
64. 9
22.8
70.3
42. 5
36. 5
51. 2
53. 6
40.9
27. 9
55. 7
48. 2
51.1
43.1
41.4
43. 8
29.1
38. 3
45.5
54.1
38.6
38.5
37. 3
75 4
62 2
32 5
47. 1
37. 8
29. 4
46
93
45
18
66
500
371
30
209
31
134
57
44
125
41
278
464
138
98
30
45
47
53
7
207
29
66
176
31
27
35
39
64
267
14
84
55
228
42
120
61
11
50
292
102
78
188
111
62
59
470
74
58
50
205
66
61
45
81
40
74
15
37
181
36
725
48
87,176
124, 747
87, 335
18, 540
81,487
981,048
515, 333
47,983
344,127
55,049
292, 120
102, 330
61,176
231, 386
71, 458
501,045
1,036, 601
234, 532
160,144
40, 265
53, 602
81,200
87,730
10,884
338,969
45,422
83,167
301,847
43, 672
41, 750
43, 347
45,804
70, 978
627, 284
18,873
99, 952
65,705
355,490
65,283
203, 818
82.498
11,456
74, 594
595,146
209,907
100, 520
342,836
195, 298
114,514
85,924
728, 385
99, 638
80, 243
65,055
294, 583
111, 791
93,705
56, 244
117, 756
51,026
143, 499
18. 362
47, 288
311, 758
56, 087
1, 251, 850
57, 128
336
1, 231
1, 579
1,018
399
4,158
6,066
570
2,438
867
3,029
668
704
1,026
834
845
1, 627
2,193
1,121
283
299
176
282
81
1,362
200
1, 109
2,420
139
137
1,004
994
863
3,432
155
797
424
3,152
197
3, 723
605
850
274
2,951
2,018
1,699
1,871
460
1, 664
1,070
5, 880
834
265
1,327
2,303
516
782
1,396
.840
832
737
764
1,194
1,182
381
5, 029
1, 056
13. 7
7. 6
2. 8
1.8
16. 5
12.0
6.1
5. 3
8. 6
3.6
4.4
8. 5
6.3
12.2
4.9
32.9
28. 5
6. 3
8. 7
10. 6
15.1
26. 7
18.8
8.6
15. 2
14. 5
6.0
7.3
22. 3
19. 7
3. 5
3. 9
7.4
78
9.0
10. 5
13.0
7.2
21.3
3 2
10 1
1.3
18. 2
9. 9
5.1
4. 6
10.0
24. 1
3. 7
55
8.0
8.9
21.9
3.8
8.9
12.8
7. 8
3.2
9. 6
4.8
10. 0
2. 0
3. 1
15. 3
9. 4
14. 4
,4. 5
Butler -------------Chase
-----Chautauqua
_-----Cherokee-----... ----Cheyenne---Clark ------Clay-----------Cloud-.---------------Coffey------- ----Comanche---------- Cowley ------Crawford----------Decatur-----------Dickinson -----------Donlphan.----------Douglas--------Edwards -_-Elk----------Ellis
------------Ellsworth.----- --------Finney-----------Ford--- .------------Franklhn -------Geary_.-------Gove..---------------Graham
-Grant-..-----------Gray_ -------Greeley----------Greenwood ----Hamilton -----------Harper---------------Harvey ---------------Haskell.---------Hodgeman...------.
-Jackson------------.
Jefferson----------Jewell.-- _..--------Johnson_ .-- ---- -Kearny -------Kimgman------- --Kiowa ----Labette -------------Lane .------Leavenworth------Lincoln ..----------Linn ._.--------Logan..-- ------------Lyon ...---- --------.
McPherson -----------Marion ..-----------Marshall--. -----Meade----.....
-------Miami -----Mitchell .-----------Montgomery.----Morris
-------Morton _---- -----Nemaha ---------Neosho
-------Ness.----------Norton..-----..
---- -Osage
----------Osborne..---------Ottawa------------Pawnee
_--Phillips.-----------Pottawatomie-----Pratt- ..
-----Rawlhns
--.. .
Reno
-----__
Republic -------..
..
Amount
Number
Percent
mortaged
to H. 0.
L. C.
180
ANNUAL
REPORT OF FEDERAL HOME LOAN BANK BOARD
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
KANSAS-Continued
Applications withdrawn and rejected
County
Rice--_-----Riley.... ......---Rooks.......--------Rush ----..........
Russell....__--Saline----......-Scott--......-----..
Sedgwick .------Seward --------Shawnee_---_Sheridan-----,_----Sherman_------Smith------Stafford__Stanton -------Stevens------------Sumner----------- --
Thomas.------Trego...----------Wabaunsee ----------
Wallace ..--------.
------Washington
Wichita--------Wilson.
Woodson----Wyandotte .--------
Number
applica
tions re
ceived
Loans closed
Loans closed
I
Number
117
380
88
108
78
593
65
4, 191
195
2, 691
44
114
84
150
35
65
416
168
75
71
24
115
24
237
107
4, 748
Percent
47 9
50 0
55. 7
27.8
52. 6
36.4
38. 5
32.4
39. 5
49 2
52. 3
48.2
32.1
39.3
57. 1
32. 3
34. 6
29 2
32 0
47 9
41.7
39.1
41.7
45.6
38. 3
38. 7
56
190
49
30
41
216
25
1, 356
77
1, 323
23
55
27
59
20
21
144
49
24
34
10
45
10
108
41
1,838
.
Number
Owned nonfarm homes
I
Amount
INumber
$116,
477
436, 356
47,875
127, 369
64,862
858, 230
53,685
6,182, 490
211, 426
3, 080, 726
28,446
98, 544
67,439
123, 566
24, 406
70, 630
398,381
204,803
73,032
42,876
19,604
105, 740
17,180
141,759
70, 404
5,312, 743
61
190
39
78
37
377
40
2, 835
118
1, 368
21
59
57
91
15
44
272
119
51
37
14
70
14
129
66
2,910
1, 384
2, 007
634
615
803
3,004
266
15, 781
713
11,320
255
575
794
850
78
213
2,747
491
284
679
-169
1,126
107
1, 783
654
19, 527
Percent
mortgaged
to H. 0.
L. C.
4.4
9.5
6.2
12. 7
46
12. 5
15 0
18.0
16. 5
12.1
8.2
10.3
7.2
10.7
19. 2
20 7
99
24.2
18 0
5.4
8.3
6.2
13.1
7.2
10.1
14.9
KENTUCKY
State total .---
20, 460
I-
20
Adair-..----.-------63
.-Allen..-------54
Anderson-----------51
Ballard ---------------151
Barren----------------26
-------Bath----406
Bell------------122
..
Boone--- .---------------------140
Bourbon_
785
Boyd- .-----------71
-----Boyle
13
Bracken- ------------.
47
Breathitt---------80
Breckinridge.----------.
31
Bullitt -..----------3
Butler- .-----.---------110
Caldwell-------100
..
Calloway --.-------1,085
Campbell ------------41
Carlisle-----------54
.----- ------Carroll
105
Carter- -------------12
.-------------Casey
194
Christian-------------128
.-----------Clark
20
Clay-----------------28
Clinton- ----.-----68
Crittenden- .---------4
Cumberland----------200
Daviess.----------.--Edmonson..-----------.
33
4
----------Elliott-----Estill.....---------.
166
.--------- 785
Fayette..---20
Fleming ...----------57
Floyd ... ___---------..
116
Franklin.--..---------.
Fulton ........-------106
11,227
-
15
28
36
22
74
15
220
46
60
417
35
10
38
30
24
1
70
46
788
22
29
74
9
100
91
17
24
46
3
112
28
2
89
393
17
45
99
43
54 9
9,233
$25,326,811
i-
111
75 0
44 4
66 7
43 1
49 0
57. 7
54 2
37 7
42 9
53 1
49 3
76 9
80 9
37. 5
77.4
33. 3
63.6
46 0
72 6
53 7
53 7
70 5
75 0
51.5
71.1
85 0
85 7
67.6
75.0
56. 0
84 8
50 0
53.6
50.1
85 0
78 9
85 3
40.6
5
35
18
29
77
11
186
76
80
368
36
3
9
50
7
2
40
54
297
19
25
31
3
94
37
3
4
22
1
88
5
2
77
392
3
12
17
63
154,085
6.0
11--
11,154
73, 375
53,459
25,006
168,199
15,589
458,149
188,481
233,063
881,372
138,743
8,339
10,796
72, 433
7, 771
2, 201
76,322
110, 445
1,068,533
16,092
59,373
52, 769
7, 654
176,406
94,368
11,282
6,021
38, 605
1,492
313, 788
5,708
1,999
117,808
1,384,145
5,132
27,305
77, 458
133,199
402
387
418
556
842
431
1,823
673
1,487
4,127
1, 278
563
247
749
437
294
725
606
10, 233
390
606
826
153
2,076
1, 357
174
138
523
157
2, 842
134
23
760
6, 225
621
1,169
1, 309
973
12
90
43
52
91
26
10 2
11 3
5.4
89
2.8
.5
3.6
6.7
1.6
.7
55
8.9
29
49
4.1
3.8
2.0
4.5
2.7
1.7.
29
4.2
.6
3.1
3.7
8.7
10.1
6.3
.5
1.0
1.3
65
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
181
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
KENTUCKY-Continued
rppawand
n s ected
Loans closed
Owned nonfarm homes
Number
County
Gallatin--...-..----..
Garrard.....---------Grant-...-----------Graves---------------.........
Grayson-..---------Green -------------Greenup--------Hancock--------Hardin.---------Harlan
-----Harrison-----------Hart
-----Henderson. __------------Henry.-Hickman.. --......-...
Hopkins_-----Jackson...-----------Jefferson ------Jessamine..---------Johnson----...........
Kenton....----------Knott-.-- -------..
Knox----------------
Larue--------Laurel---- -----Lawrence-------Lee
-----Leslie..............----Letcher_----------Lewis ...--.------Lincoln--.---------Livingston....------Logan-..........
Lyon--....-- _-----_McCracken_...______ _
McCreary---- ____--.
McLean -.....----.
Madison...----------.
Magoffin...
-----_---_
Marion_
--------Marshall-------------Martin ------__.-Mason---Meade---------Menifee....--------Mercer-...---...
--.
Metcalfe ------------Monroe -----------.
Montgomery -...-_--.
Morgan----_....
___-Muhlenberg--.....--_
Nelson---.......- ..__
Nicholas ------------Ohio ----.........
Oldham----.........
Owen-----...........
Owsley- .....---------Pendleton-...--- ____
Perry.......-- - ---- __
Pike ....-------Powell-.....-..---Pulaski......
---Robertson-..--.-.___ _
Rockcastle ..-------Rowan---....--_-_-Russell--....----.-_
Scott---..... ---Shelby-...--. ---Simpson_--------Spencer......
----.
..
Taylor----............
Todd---..........--....
applica
tions received
14
19
44
196
21
17
244
17
31
184
44
42
213
54
28
332
17
7, 288
90
99
2,033
31
177
24
70
60
23
8
101
25
78
14
72
16
528
35
30
111
61
18
37
7
51
8
4
44
10
13
59
27
142
17
11
58
85
20
3
68
141
156
14
188
4
23
62
12
83
37
27
17
26
42
Number
7
17
18
69
13
10
125
13
16
130
30
26
107
40
22
152
17
3, 476
52
62
1,079
30
131
9
52
42
18
8
76
20
, 34
6
40
13
287
35
21
90
52
11
22
7
38
6
4
33
10
12
49
21
83
14
8
41
37
8
1
28
101
130
13
123
3
13
37
10
50
30
13
10
22
34
Percent
50 0
89 5
40 9
35 2
61 9
58 8
51 2
76 5
51 6
70 7
68 2
61 9
50 2
74 1
78 6
45 8
100 0
47 7
57 8
62 6
53 1
96.8
74 0
37 5
74 3
70 0/
78 3
100 0
75 2
80 0
43.6
42.9
55 6
81.3
54.4
100 0
70 0
81 1
85 2
61.1
59.5
100.0
74. 5
75 0
100.0
75.0
100 0
92 3
83 1
77. 8
58. 5
82.4
72. 7
70.7
43.5
40.0
33.3
41.2
71.6
83.3
92.9
65.4
75.0
56. 5
59 7
83 3
60 2
81.1
48 1
58.8
84. 6
81.0
Number
7
2
26
127
8
7
119
4
15
54
14
16
106
14
6
180
0
3,812
38
37
954
1
46
15
18
18
5
0
25
5
44
8
32
3
241
0
9
21
9
7
15
0
13
2
0
11
0
1
10
6
59
3
3
17
48
12
2
40
40
26
1
65
1
10
25
2
33
7
14
7
4
8
Amount
$12, 557
3, 781
50,497
317,439
15,368
14, 985
229,455
6,574
28, 598
120,400
28,762
45,095
191,247
28,911
8,981
283,995
0
11, 652,318
70, 680
98, 426
3,142, 786
1,672
99,668
33, 614
33,362
36, 648
5, 686
0
33,208
10, 596
77,539
6,567
57, 853
8, 918
559,810
0
7,540
51,130
15,928
15, 519
15, 723
0
29, 796
4, 449
0
26,947
0
1,835
20,939
14, 141
89, 826
3, 681
10, 030
17,401
120635
23, 843
3,947
80,861
88, 953
87,872
1,556
111, 170
2,018
16, 025
38,170
4, 373
49, 654
16, 768
23, 959
9,844
9, 723
8, 859
Number
Percent
morgaged
tL. 0.
L. C.
213
364
429
1,504
524
172
1,301
275
1,068
1,979
846
399
1,919
730
358
2,785
92
37, 505
797
683
11,948
138
1,122
300
582
378
274
53
616
419
688
353
885
258
3,709
467
620
1,293
211
33
.5
61
8 4
15
41
91
15
14
27
1.7
40
55
19
17
65
0
10 2
48
54
8.0
.7
4 1
50
31
4.8
18
0
4.1
12
64
23
36
1.2
6.5
0
15
16
4.3
654
395
11
38
244
0
1, 519
240
44
818
95
235
830
160
2,208
799
456
1,271
513
365
46
471
1, 116
1, 628
169
9
8
0
1.3
0
.4
1.2
38
2.7
.4
.7
1.3
9.4
3.3
4.3
85
36
16
.6
1,444
100
453
4.5
1.0
22
371
179
965
824
475
67
11
34
8
2.9
174
458
585
40
.9
1.4
182
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
KENTUCKY-Continued
Loans closed
dAppwn an rejs ted
County
Number
apphca
tions received
Number
Percent
Number
Owned nonfarm homes
Amount
Number
Percent
morgaged
to H. 0.
L. C.
Trige -...--.-------. .
Trimble.....---- ------.
Union---------------Warren... ----------Washington-..----....
Wayne ..---------.
Webster....-------..
Whitley....--------Wolfe.--.--..
------__----_...
Woodford
13
3
127
314
12
24
193
201
8
61
8
2
71
142
10
21
97
142
8
41
61 5
66.7
55.9
45.2
83.3
87.5
50. 3
70. 6
100 0
67. 2
5
1
56
172
2
3
96
59
0
20
$10, 857
2,159
102, 699
463, 973
3, 097
5,244
121, 266
104, 999
0
39, 372
14, 375
$40,253,494
366
104
1, 260
2,130
336
317
1, 709
1, 706
117
745
1.4
1.0
4.4
8.1
.6
.9
5. 6
3.5
0
2.7
LOUISIANA
State total ---...
Acadia .----..------------Allen...-----Ascension ...
Assumption ..------Avoyelles-----------Beauregard----------Bienville
-----Bossier
--------Caddo.--------Calcasieu----------Caldwell-----Cameron...---------Catahoula
-----------
Clalborne------------Concordia-----------DeSoto-----------
East Baton Rouge---East Carroll--------East Feliciana ------Evangeline------Franklin_ -----Grant--.------Iberia.------------Iberville
----Jackson..-----------Jefferson------------Jefferson Davis ----...
Lafayette.----.----Lafourche_-------LaSalle----------Lincoln..------------Livingston-------Madison -------Morehouse--------..-Natchitoches-Orleans.----------Ouachita ..-------Plaquemines -----....
Pointe Coupee-------.
-Rapides--Red River---------Richland .--------Sabine.-----------St. Bernard --.---St. Charles.-- -----St. Helena-------St. James-- .-----.-St. John the Baptist
St. Landry....---..St. Martin-.-------St. Mary ------St. Tammany -----Tangipahoa-.. ----.Tensas--.....---.--...
24,747
212
109
90
8
180
152
117
137
3,021
872
58
8
31
73
32
201
1,677
71
17
50
36
28
88
128
45
843
149
704
23
54
167
42
92
214
171
9,904
1,123
19
18
1,010
33
126
41
71
25
1
40
28
295
69
145
247
563
60
10,372
118
45
75
5
80
85
34
33
658
437
20
8
14
22
25
35
926
38
10
32
14
16
63
89
29
317
90
344
22
6
50
24
54
69
83
4, 169
429
10
15
387
6
76
22
22
14
1
31
12
158
34
83
177
288
25
41.6
55. 7
41.3
83 3
62 5
44 4
55 9
29.1
24 1
21.8
50 1
34.5
100 0
45 2
30 1
78 1
17 4
55 2
53 5
58 8
64 0
38. 9
57.1
71.6
69. 5
64. 4
37. 6
60. 4
48. 9
95. 7
11. 1
29. 9
57.1
58. 7
32.2
48.5
41.2
38. 2
52. 6
83. 3
38. 3
18.2
60. 3
53 7
31.0
56. 0
100.0
77 5
42. 9
53.6
49.3
57.2
71.7
51.2
41.7
94
64
15
3
100
67
83
104
2,363
435
38
0
17
51
7
166
751
33
7
18
22
12
25
39
16
526
59
360
1
48
117
18
38
145
88
5,735
694
9
3
623
27
50
19
49
11
0
9
16
137
35
62
70
275
35
194,198
85,346
20,256
-9,502
,
167,288
109,039
172,142
163,147
6,210,582
871,553
51,106
0
28,185
129,022
10,876
346,732
1,986,037
77,347
9,490
32,857
40,820
18,023
49, 595
65,752
19,022
1,396,289
94,781
833,954
3,678
60,442
304,509
24,081
95,140
303,120
166,352
20,332,990
1,594,394
22,311
7,735
1,237,797
45,083
98.084
37,667
123,989
20,282
0
P, 517
32,274
297,233
62,438
84.505
165,837
668,483
62,477
.1
111, 071
2, 492
692
1, 188
1, 200
984
694
573
613
9, 875
3,895
345
199
276
790
367
1, 019
5, 595
445
319
450
364
468
1,890
1,710
317
3,860
1, 248
2,491
1,899
382
858
280
343
756
1,170
30,490
3,148
632
336
3, 657
233
548
552
546
1,054
79
967
990
2,186
1,296
2,294
1, 591
1, 635
321
12 9
1----I-------
3.8
9.2
1.3
.3
10.2
9.7
14. 5
17. 0
23. 9
11.2
11.0
0
6.2
6.5
1.9
16. 3
13.4
74
2.2
40
6.0
2.6
1.3
23
50
13 6
4.7
14 5
.1
12 6
13 6
64
11. 1
19 2
75
18.8
22 0
14
9
17 0
11 6
9.1
34
90
1.0
0
.9
1.6
6.3
2.7
2.7
4.4
16. 8
10.9
ANNUAL
REPORT
OF
FEDERAL
HOME
LOAN
BANK
BOARD
183
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
LOUISIANA-Continued
Loans closed
drawnand reeti thd
County
Number
applica
tions received
Owned nonfarm homes
_
Number
Percent
Number
Amount
Number
Percent
mortgaged
to H. O.
L. C.
Terrebonne -----------.
Union-..-------.. ...-Vermilion--.....-----.----------.
.
Vernon
Washington-.--------Webster--..--- ------West Baton Rouge-..
West Carroll- ..--- .
West Feliciana--...--.
Winn- ..----------
27
88
96
89
172
341
67
34
12
103
19
32
56
29
93
102
30
18
10
54
70. 4
36. 4
58. 3
32. 6
54.1
29. 9
44. 8
52. 9
83. 3
52 4
8
56
40
60
79
239
37
16
2
49
$20,918
78,254
101, 344
96, 896
129, 241
591,111
60, 522
36, 308
2,831
83, 710
2,185
488
1,358
593
1,247
1,161
519
209
84
625
.4
11.5
2.9
10.1
6. 3
20.6
7.1
7. 7
2. 4
7. 8
MAINE
7, 781
4, 381
56.4
3,400
$7, 734, 375
84, 963
4.0
274
Androscoggin-..-----830
Aroostook-------------Cumberland.--------.
1, 573
106
Franklin-.---------------300
Hancock -----Kennebec ---------813
356
Knox-....----------..
Lincoln-.----.----274
330
Oxford ...-------.
.906
Penobscot-.---------221
Piscataquis .-------..
148
Sagadahoc-.-------- 439
Somerset---------.----.
180
Waldo ----------352
Washington-----------679
York-- -----------------
228
505
874
90
187
428
176
147
200
516
91
80
192
100
208
359
83.2
60.8
55 9
84 9
62. 3
52. 6
49.4
53.6
60 6
57.0
41.2
54 1
43.7
55.6
59.1
52 9
46
325
699
16
13
385
180
127
130
390
130
68
247
80
144
320r
135,719
773, 126
2,169, 220
33, 787
234, 220
1,071, 473
319,074
180, 250
213, 829
900,139
196,032
82,814
438,504
125,405
189,978
670,805
6,314
5, 660
14, 352
2, 024
5,083
6, 688
3, 887
2,001
3,910
10,062
2,295
2, 329
3,732
2,189
5, 410
9,027
.7
5.7
5.0
.8
2.2
5.8
4.6
6. 3
3.3
3.9
5.7
2.9
6.6
3.7
2. 7
3. 5
State total------.
MARYLAND
State total----...
Allegany
------Anne Arundel...----Baltimore-------- ----Baltimore City ..---Calvert-----------Caroline .----..
--...
Carroll-------------Cecil------------Charles .------------.
Dorchester-----------Frederick----------Garrett-.163
-----------.
Harford..--.. -------Howard.-----------..
Kent-...-------------Montgomery. -------.811
Prince Georges--------Queen Annes--------St. Marys-.--. ------.
Somerset ..--------Talbot. ----Washington-.-------Wicomico
----Worcester ----
28,854
12,914
44.8
15,940
$45,610,900
176,702
9.0
1, 152
1, 361
3, 303
17, 888
75
76
104
139
121
157
457
605
638
1, 220
7, 528
50
52
60
103
91
101
286
107
124
67
84
387
438
60
38
231
115
282
193
54
52 5
46 9
36 9
42.1
66.7
68.4
5. 7
74.1
75.2
64. 3
62. 6
65.6
62 9
49.3
88.4
47. 7
44.1
80.0
76. 0
53. 8
64.6
53.5
63.9
84.4
547
723
2,083
10, 360
25
24
44
36
30
56
171
56
73
69
11
424
556
15
12
198
63
245
109
10
1, 661, 923
1, 892, 096
7, 213, 937
27, 432, 396
46, 333
53, 506
149,373
106,976
67,147
124,461
445, 517
106, 598
245,991
194,039
20,298
2, 569,596
1,666,139
27,957
51, 230
238,491
119,241
825, 552
310,070
42, 033
7,784
5, 154
14, 655
97,465
501
1, 361
2, 925
2,063
573
2,646
5,001
991
2,245
1,083
1,520
6,268
6, 980
1, 090
793
2, 584
1,942
6,157
3,241
1, 680
7.0
14.0
14. 2
10.6
5.0
1.8
1.5
1.7
5.2
2.1
3.4
5. 7
3. 3
6.4
.7
6. 8
8. 0
1.4
1.5
7.7
3.2
4. 0
3.4
.6
197
136
95
994
75
50
429
178
527
302
64
184
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
MASSACHUSETTS
Loans closed
drawn and esjcted
Number
County
State total--...
Owned nonfarm homes
_
applica
tions received
Number
Percent
Number
Amount
Number
Percent
morHaged
to I. 0.
L. C.
50,419
25,895
51.4
24, 524
$109, 075,668
415,619
5.9
Barnstable ..------..
.
Berkshire ------------
661
1,241
370
771
56. 0
62. 1
291
470
972, 348
1,678, 575
6, 225
12, 737
4. 7
3. 7
Bristol..
- . --------.
_
Dukes.-------. --Essex ------------Franklin_--------Hampden -----------Hampshire -----------Middlesex------------Nantucket.--- ----Norfolk
__-------Plymouth-----------Suffolk_.-------Worcester-----.-------
3, 503
76
5,087
341
3,113
304
15,116
19
5, 039
2, 234
8,579
5,106
2, 261
56
2,926
216
1, 785
135
7,135
18
2,124
853
4,357
2,888
64. 7
73.7
-57. 5
63 3
57. 3
44.4
47. 2
94. 7
42. 2
38. 2
50. 8
56.6
1, 242
20
2,161
125
1,328
169
7,981
1
2,915
1,381
4, 222
2, 218
3,647, 985
71,807
8,594,770
386, 694
4,943,450
577,403
39,105, 917
4,312
13, 504,646
5,233,133
21,808, 668
8,545, 960
33, 048
1,005
53,860
5, 271
30, 059
7, 205
101, 310
672
41, 020
22,858
54, 330
46, 019
3.7
2.0
4. 0
2.4
4.4
2. 3
7. 9
.1
7.1
6. 0
7.8
4. 8
44 2
81, 230
$240,014.129
542,154
15
55 6
46
82. 1
252
46.4
73
44. 2
36
76. 6
11
44. 0
78
68 4
85
59 9
536
42.3
30
38.5
1, 075
56.8
104
64. 2
1,327
52. 7
194
60.6
68
42. 8
75
67. 0
125
86.8
26
54.2
64.6
117
9
60. 0
231
61.4
230
54. 0
253
49.9
79
46.7
2,841
44. 0
8
72.7
229
65.1
145
48. 7
146
53.1
150
67.6
216
67.1
67
51.5
1,863
50 2
316
42.2
13
48.1
205
65.3
33
56 9
1, 307
52.3
991
55.4
0 ....---3,302
44.9
0 ----...--40
72.7
53.6
134
38
60 3
372
54. 6
103
62 8
12
10
291
92
11
14
36
57
730
48
819
58
1,192
126
91
37
19
22
64
6
145
196
254
90
3, 609
3
123
153
129
72
106
63
1,848
433
14
109
25
1,190
798
0
4,050
0
15
116
25
309
61
26,963
13, 211
512, 063
185, 922
9, 045
23, 692
45, 970
82,162
1, 274, 466
67,853
1,836, 872
92,858
2, 763, 461
215,196
206, 944
58, 221
37,900
34,589
98,456
9, 670
301,493
334, 017
390, 629
177,797
8,534,603
3,688
232,574
314, 194
191, 692
112,742
170, 038
109,775
4,890,438
675,609
22,534
182, 966
50, 074
3,014,275
2, 111, 537
0
10,710,646
0
22, 360
208, 288
53, 703
564, 923
140, 101
240
705
3, 293
2, 150
885
407
654
2, 114
9, 016
729
9,674
2, 654
12,160
2,089
1, 342
1, 263
2, 173
548
1,915
384
3,321
3, 723
3,630
1, 738
29, 749
358
3,171
2,191
2,493
2,715
4, 865
1,944
16, 825
3,781
782
1, 896
1,324
12,855
12, 820
269
35, 899
406
375
1, 910
550
5, 895
1, 843
MICHIGAN
State total ------
145, 539
Alcona -27
Alger--------------Allegan
...--------..Alpena
. - ...--------Antrim--------Arenac
..-------------Baraga---------- Barry------------Bay .---------------Benzie -------------Berrien-----------Branch ----------Calhoun --------Cass-- - ----------Charlevoix--------Cheboygan..--- -------Chippewa---- -------Clare-- ..
- ------.
Clinton ----------Crawford.---------Delta--_
--------Dickinson.----.-----Eaton----.. ... ------Emmet.....------...-Genesee ..-.-------.
Gladwmin.----- --Gogebic...--------...Grand Traverse- _-Gratiot----------------Hillsdale -- _
.--------.
.
--------Houghton -Huron-......--------_
.
Ingham.....-------.
.
Ionia-----------.--Iosco
.-----.
-------Iron.------------.----Isabella...-------Jackson------------Kalamazoo.----.---Kalkaska.---------...
.
Kent...
--------.
Keweenaw
.----------Lake--..-------------Lapeer---Leelanau._- ----.... .
.
Lenawee -.... .......
.
Livingston-----...........
56
543
165
47
25
114
142
1,266
78
1, 894
162
2,519
320
159
112
144
48
181
15
376
426
507
169
6,450
11
352
298
275
222
322
130
3, 711
749
27
314
58
2 497
1, 789
0
7, 352
0
55
250
63
681
164
64, 309
15.0
5.0
1.4
8.8
4.3
1. 2
3.4
5. 5
2.7
8. 1
6.6
8.5
2. 2
9.8
6.0
6.8
2.9
.9
4.0
3.3
1.6
4.4
5.3
7. 0
5. 2
12.1
.8
3.9
7. 0
5. 2
2.7
2. 2
3.2
11. 0
11.5
1.8
5.7
1.9
9.3
6.2
0
11.3
0
4.0
6.1
4.5
5. 2
3.3
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
185
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgagedto H. O. L. C. by counties as of June 12, 1936-Continued
MICHIGAN-Continued
Loans closed
dApnpcand rejith-d
Owned nonfarm homes
Number
County
applica
tions re-
ceived
Percent
Number
Percent
Number
73
90
3, 197
154
284
275
88
179
46
19
978
228
40
59
1, 259
96
189
119
59
128
30
12
546
106
54.8
65 6
39. 4
62.3
66.5
43.3
67.0
71.5
65.2
63.2
55.8
46.5
33
31
1, 938
58
95
156
29
51
16
7
432
122
$45,677
70,273
4, 659,149
94, 004
255, 601
268,311
55, 251
92,730
35,968
12,302
1,117, 217
168,898
449
928
10, 763
2, 340
4, 768
1,920
1,405
2, 050
1, 725
343
5,235
2, 501
7.3
3.3
18.0
2. 5
2.0
8.1
2.1
2.5
.9
2. 0
8. 3
4.9
Montmorency ........
7
Muskegon ..-----...
3, 302
Newaygo---.....-----129
Oakland.
--------.....
9, 337
Oceana--..---.
------..
217
Ogemaw.---------17
Ontonagon..
------.---.
75
Osceola --49
--------Oscoda-..-- -----..---5
Otsego.--------..
----40
Ottawa ----------- 1, 166
Presque Isle..-----..-102
Roscommon.---.---42
Saginaw....---------2, 580
St. Clair------------1, 790
St. Joseph-.--------599
Sanilac-------------97
Schoolcraft...--------. .
127
Shiawassee---.--------.
766
Tuscola-- --- ---------127
Van Buren---.-------.
.
642
Washtenaw.------.. 1, 711
Wayne..-------.....
81, 345
Wexford---..--------391
5
1, 257
67
4, 304
113
16
48
35
3
22
446
41
27
1,251
671
343
21
51
329
70
393
961
33, 478
120
71.4
38.1
51.9
46.1
52.1
94.1
64.0
71.4
60.0
55.0
38.3
40. 2
64.3
48. 5
37.5
57.3
21.6
40 2
43.0
55.1
61:2
56.2
41.2
30.7
2
2, 045
62
5,033
104
1
27
14
2
18
720
61
15
1, 329
1,119
256
76
76
437
57
249
750
47, 867
271
2, 352
3,904,969
98, 294
14,119, 819
130,421
1,212
51, 880
26,640
2,289
27,176
1, 717, 813
133,942
26,911
2, 812, 697
2, 509,052
485,124
114,956
104, 361
757, 316
91, 154
507,849
2,352,435
161, 682, 576
352,300
130
12,063
1,201
29, 396
1,033
401
731
925
88
456
6, 989
810
276
15, 805
8,048
4, 217
1, 579
905
4, 462
2, 270
3,375
8, 997
189, 872
1,975
1.5
17. 0
5. 2
17.1
10.1
.2
3.7
1.5
2.3
3.9
10.3
7.5
5.4
8.4
13.9
6.1
4.8
8.4
9.8
2. 5
7.4
8. 3
25.2
13.7
Luce-----------Mackinac....-- ----.-- -Macomb-------Manistee.---..
--.-Marquette--..- -------.
Mason..----.----Mecosta.---------.
Menominee.-----.---.
Midland---- ----------Missaukee-----. ------Monroe ...------ --..
-.
Montcalm .....-------.
Amount
Number
mortgaged
to H. O.
L. C.
MINNESOTA
State total-....
Aitkin..----
Anoka-..-...----Becker.------Beltrami----......
Benton.,-----Big Stone-----Blue Earth--...----Brown.-----------Carlton.---------Carver...-----.------.
Cass- ..........-- ----.
Chippewa.......---..
----Chisago
Clay
---...........- -.
Clearwater--------..
Cook-..------Cottonwood-..-------..
Crow Wing------..
Dakota.----..------------Dodge.--Douglas--....---........
Faribault....---------..
Fillmore --------Freeborn-...---------..
Goodhue.......-----..
Grant---.
-------..
Hennepin-.......-......
36,251
.
15, 228
.
159
426
146
204
149
126
418
116
190
88
89
146
100
331
45
54
88
488
496
67
176
155
171
293
195
74
12,637
-
83
138
75
106
73
63
161
44
75
47
56
59
37
167
16
28
38
204
198
32
56
76
77
148
94
29
5,125
42.0
21, 023 -$47,
966, 105
227, 336
107, 639
495,160
123, 400
140, 932
126, 833
99, 289
545, 229
134, 967
171, 353
98, 603
45,179
163, 320
111,682
318,412
30, 538
30, 952
84, 265
402,110
660, 369
65, 654
214, 449
133, 955
173, 798
305, 482
219,024
79,375
19,865,746
641
1,791
1,170
1, 498
...I
1 ..
52.2
32.4
51.4
52.0
49.0
50 0
38.5
37.9
39.5
53.4
62.9
40.4
37.0
50.5
35.6
51.9
43.2
41.8
39.9
47.8
31 8
49.0
45.0
50.5
48.2
39.2
40.5
76
288
71
98
76
63
257
72
115
41
33
87
63
164
29
26
50
284
298
35
120
79
94
145
101
45
7, 512
9.3
-
931
646
2,911
2, 244
1, 740
1, 258
872
1, 067
855
1, 699
338
290
912
2, 552
3, 473
712
1, 055
1, 607
1, 898
1,984
2,814
529
60, 548
11.9
16.1
6.1
6.5
8.2
9.8
8.8
3.2
6.6
33
3.8
8.2
7.4
9.7
8.6
9.0
5.5
11.1
8.6
4.9
11.4
4.9
5.0
7.3
3.6
8.5
12.4
186
ANNUAL
REPORT
OF FEDERAL
HOME LOAN BANK BOARD
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
MINNE SO TA-Continued
Applicati
drawn an(I
cted
Loans closed
Owned nonfarm homes
Number _
County
applica
tions re
ceived
Houston..-------62
85
Hubbard- -----.---85
Isanti-----------262
Itasca-.----------Jackson.-------70
30
Kanabec-------------241
Kandiyohi.----------43
Kittson ----------275
Koochiching -------183
Lac qui Parle -------..
94
Lake..--------.----Lake of the Woods-....
31
.--------- 111
Le Sueur .
92
Lincoln.----------179
Lyon ----------105
McLeod---------41
Mahnomen.-------68
Marshall--------182
Martin......------...
105
Meeker--------------132
Mille Lacs_----------126
Morrison...--------241
Mower.......------------..
73
Murray.----....---....
121
Nicollet.---------102
Nobles----70
Norman -..-------415
Olmsted.--- -----.
332
Otter Tail....-- ----59
Pennington----------107
Pine ---.------118
Pipestone----267
Polk.------125
Pope.-----. ------6, 243
Ramsey---------22
Red Lake----------158
Redwood------------142
Renville-------235
Rice- ..-----79
Rock..------------33
Roseau.----------4, 191
St. Louis---------111
Scott------------61
Sherburne ----------67
Sibley--658
Stearns
_----------95
Steele ..------82
Stevens.----------146
Swift_----171
Todd
-----57
Traverse.-----------126
Wabasha-----------64
Wadena---------102
Waseca
--------450
Washington ------101
Watonwan ---------93
Wilkin ---------226
Winona-------145
Wright ------134
Yellow Medicine------
Number
39
43
28
126
27
16
109
26
122
80
37
19
74
50
105
43
26
39
73
45
64
64
121
41
52
54
33
218
170
32
48
64
153
61
2,320
12
82
63
114
37
18
1, 706
54
26
29
286
54
34
63
69
30
46
22
45
190
41
29
122
60
69
Percent
62.9
50.6
32.9
48. 1
38. 6
53.3
45.2
60.5
44.4
43. 7
39.4
61.3
66.7
54.3
58.7
41.0
63.4
57. 4
40.1
42. 9
48. 5
50.8
50.2
56. 2
43 0
52. 9
47. 1
52.5
51.2
54. 2
44. 9
54.2
57:3
48. 8
37.2
54.5
51.9
44.4
48.5
46.8
54. 5
40.7
48. 6
42. 6
43.3
43.5
56.8
41.5
43. 2
40.4
52. 6
36. 5
34. 4
44 1
42 2
40.6
31.2
54. 0
41.4
51. 5
Number
23
42
57
136
43
14
132
17
153
103
57
12
37
42
74
62
15
29
109
60
68
62
120
32
69
48
37
197
162
27
59
54
114
64
3,923
10
76
79
121
42
15
2,485
57
35
38
372
41
48
83
102
27
80
42
57
260
60
64
104
85
65
Amount
$41, 586
55, 692
93, 662
196, 674
90,086
20,102
316,356
18, 778
225, 082
182, 819
86,846
13, 510
57, 279
70,140
114, 450
139,366
17,092
41,420
235, 656
110, 767
97, 249
103, 229
247,180
57,917
144,921
78, 572
51, 791
516, 753
292,271
33, 919
96,465
106, 324
167, 636
99,902
10,052,984
6,911
117,163
160, 324
259, 632
80, 208
22, 223
5,150, 706
91,797
54, 545
76, 798
718,766
92,457
90, 757
144,453
159, 851
37,163
135,953
73,170
105,489
443,386
120,031
130,411
204,067
150, 292
117, 361
Number
957
539
473
1,740
805
272
1,356
476
1; 034
733
1,058
201
1,679
558
1,331
1, 633
318
647
1,561
1,025
822
1,387
2,484
558
1,176
1,165
711
2,994
2,583
733
879
897
2,121
674
36,019
283
1,225
1,378
2,403
667
464
23,239
1,138
490
930
4,494
1,459
572
825
1,395
455
1, 661
613
1,127
2,703
947
509
4,243
1,644
838
Percent
mortgaged
toL.H.C..
2.4
7.8
12.1
7.8
5.3
5.1
9.7
3.6
14.8
14.1
5.4
6.0
2.2
7.5
5.6
3.8
4.7
4.5
7.0
5.9
8.3
4.5
4.8
5.7
5.9
4.1
5.2
6.6
6.3
3.7
6.7
6.0
5.4
9.5
10.9
3.5
6.2
5.7
5.0
6.3
3.2
10 7
5.0
7.1
4.1
8.3
2.8
8.4
10.1
7.3
5.9
4.8
6.9
5.1
9.6
6.3
12. 6
25
5.2
7.8
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
187
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
MISSISSIPPI
i
I
Applications with
drawn and rejected
Number
applica
tions re
ceived Number
County
Loans closed
Nuimber
Percent
Amount
Owned nonfarm homes
Number
1-1--
State total .....
Adams------------Alcorn-....--------Amite-....
--Benton---........-Bolivar-.......--- --..
Calhoun...----------Carroll--...........
--Chickasaw..---------.----Choctaw.----Claiborne----------Clarke........----....
Clay-----Coahoma -----------Copiah----------Covington.----------De Soto....-------Forrest ....--...---, Franklin .....---George------Greene ..--.....----Grenada_--------Hancock------------Harrison....-----Hinds-- --.-----Holmes ------------..
Humphreys ---------Issaquena------------Itawamba.----------Jackson---.....--..-Jasper-----.......-...
Jefferson. _------Jefferson Davis---....
Jones .......-------....
Kemper--------------..............
Lafayette -----------Lamar_-------Lauderdale ---------Lawrence------------Leake-. -----
Lee__---------Leflore---------
Lincoln --------
Lowndes -----------Madison------Marion ------Marshall.--Monroe -----Montgomery -----Neshoba -------Newton------------Noxubee---------Oktibbeha -------Panola------Pearl River----Perry.--------Pike_--
-
Pontotoc-------------Prentiss..-----Quitman----Rankin ----Scott-------Sharkey-----Simpson---------Smith --------Stone-----...
---Sunflower-----------Tallahatchie..-- ..- -
18, 600
I 1
272
263
41
23
450
43
38
166
43
32
83
207
417
227
111
27
1, 104
24
46
53
123
254
1,293
2,495
211
214
4
47
145
96
35
29
867
30
77
123
962
42
91
346
470
381
365
250
99
72
248
121
102
226
88
147
86
140
57
643
103
102
142
49
246
34
163
102
54
392
190
9, 833
52. 8
8, 767
$16,463,679
65,032
104
165
17
8
192
28
15
119
17
13
35
99
178
96
52
13
573
10
23
15
69
110
609
1, 273
95
113
0
24
59
30
20
11
424
16
44
49
462
15
39
211
206
165
222
115
55
37
145
70
61
99
44
72
38
71
18
353
60
52
61
18
33
16
37
22
13
202
91
240,998
271,642
25,266
9,792
384,437
26, 530
14,588
163,324
18,284
28,121
35,375
186,355
456,800
161,933
47,467
19,873
912,999
13,578
30,767
14, 530
140,512
200,364
1,035,564
3, 249,072
170,083
201,576
0
21,201
111,487
30, 692
42, 799
17,247
583, 696
22,927
85,277
36,990
1,007,011
16,026
51, 199
368,014
500, 229
251,482
526,016
220,512
84,597
68,060
240, 262
102,859
102,014
135, 749
92,393
161,689
56,362
101,605
19,227
602,321
99,695
76. 018
76,078
14,689
46, 304
54,164
38, 737
26, 248
11,467
342, 046
169,629
1, 283
946
295
95
1, 522
384
221
672
266
292
529
642
1,164
951
354
238
2, 676
233
225
319
580
932
4,407
4,924
1,112
369
42
176
1,615
238
223
137
2, 219
232
533
558
3, 552
255
293
1,147
1,282
920
1, 381
616
549
550
1,114
563
458
633
476
589
714
749
256
2, 058
448
375
379
451
617
.172
434
213
241
888
499
1-
-1
168
98
24
15
258
15
23
47
26
19
48
108
239
131
59
14
531
14
23
38
54
144
684
1, 222
116
101
4
23
86
66
15
18
443
14
33
74
500
27
52
135
264
216
143
135
44
35
103
51
41
127
44
75
48
69
39
290
43
50
81
31
213
18
126
80
41
190
99
61.8
37.3
S 58. 5
65. 2
57. 3
34 9
60. 5
28.3
60. 5
59.4
57. 8
52.2
57. 3
57.7
53. 2
51.9
48.1
58. 3
50.0
71.7
43.9
56.7
52. 9
48. 3
55.0
47 2
100.0
48 9
59.3
68. 8
42.9
62.1
51.1
46. 7
42.9
60. 2
52. 0
64. 3
57.1
39.0
56 2
56 7
39. 2
54 0
44. 4
48 6
41 5
42. 1
40. 2
56. 2
50. 0
51.0
55. 8
49. 3
68 4
45. 1
41.7
49. 0
57. 0
63. 3
86. 6
52. 9
77. 3
78. 4
75. 9
48. 5
52. 1
Percent
mortgaged
toLH O.
L. C.
-13 5
8.1
17, 4
5.8
8.4
12 6
7.3
68
17. 7
6.4
45
6.6
15.4
15.3
10.1
14. 7
5.5
21.4
4.3
10.2
4.7
11.9
11.8
13.8
26. 2
8.5
30. 6
0
13.6
3.7
12. 6
9.0
80
19.1
6.9
8.3
8.,8
13.0
5.9
13. 3
18 4
16.1
17.9
16.1
18. 7
10. 0
6.7
13. 0
12.4
13. 3
15. 6
9.2
12. 2
5.3
9.5
7.0
17.2
13.4
13.9
16.1
4.0
5.3
93
8.5
10.3
5.4
22 7
18. 2
188
ANNUAL
REPORT OF FEDERAL HOME LOAN BANK BOARD
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
MISSISSIPPI-Continued
Loans closed
drawn andnsreeted
County
Number
applica
tions received
Number
Percent
Number
Amount
Owned nonfarm homes
Number
Percent
mortgaged
to 1. 0.
L. C.
Tate.-----------------Tippah__
-------Tishomingo.------ .--.
Tunica -------Union--_-------Walthall-_ -----------Warren- _-------Washington..-----.---.
Wayne_----- ---- --Webster .-----------Wilkinson-...--------. .
Winston
...---------Yalobusha .--_---...
.
Yazoo_-----------
58
69
80
47
4-91
25
657
510
65
106
24
131
101
285
31
43
43
33
46
14
396
335
37
69
14
66
48
188
53.4
62. 3
53.8
70. 2
50. 5
56. 0
60.3
65. 7
56. 9
65.1
58.3
50. 4
47. 5
66 0
27
26
37
14
45
11
261
175
28
37
10
65
53
97
$46,444
37, 699
36,965
32,830
82,246
12, 815
712,834
327, 249
45, 684
38, 613
18, 301
89, 746
65,835
152,383
308
349
473
172
583
143
2,595
2,157
339
244
339
527
707
898
8.8
7. 4
7.8
8.1
7.7
7. 7
10.1
8.1
8. 3
15. 2
2. 9
12. 3
7. 5
10.8
46.2
24,550
$74,877,402
300, 093
8 2
51 2
52. 4
52. 5
44 4
54 1
59 0
91.7
77 3
53 3
42 7
67 7
43 2
65. 4
54.7
100.0
45 8
63. 0
88 9
57. 6
62. 0
48. 5
48.1
71 9
48. 2
64.9
61.7
73 8
51. 5
53. 6
64.7
77. 8
62. 5
72. 7
55 3
59 0
51. 5
39. 7
59 7
30. 3
41.3
53.8
63.4
66.7
79.5
52.8
60 0
42. 5
50. 6
119
10
48
114
68
25
6
5
7
192
253
109
18
34
0
167
27
1
36
19
34
40
18
229
34
95
21
48
13
6
10
6
9
17
77
50
35
27
1,188
122
18
45
2
15
59
24
46
5, 687
202,949
16, 368
97. 306
204, 299
93,160
34,920
7,981
4,050
8,138
558,014
604, 497
236, 980
20, 262
62,122
0
437, 253
51,156
1,037
69, 764
18, 643
52, 554
49,194
35,703
596,945
69,197
321,118
68, 416
75, 793
17,602
7,889
14, 971
11, 354
18, 460
20,165
109, 270
106,689
57, 776
45,211
2, 429,810
211, 428
27, 302
80, 793
2,942
29,757
96,116
22, 704
74, 054
16, 276, 856
1,594
798
788
1, 812
1,161
1,105
1,582
541
335
3,043
9, 749
1, 452
1, 050
1,100
221
2, 720
1, 361
276
1, 619
658
1, 090
449
834
3,142
1,363
2,681
1, 313
470
577
256
843
575
361
225
1, 435
2, 274
876
1,065
9,052
1, 435
969
2,081
261
912
1, 024
945
558
50, 979
7.5
1.3
6.1
6. 3
59
2 3
.4
.9
2 1
6 3
2. 6
7. 5
1. 7
3.1
0
6.1
2.0
.4
2. 2
2. 9
3. 1
8 6
22
7.3
2. 5
3.5
1. 6
10. 2
2.3
2.3
1.2
1. 0
2. 5
7. 6
5.4
2. 2
4. 0
2. 5
13.1
8. 5
1.9
2. 2
.8
1.6
58
2 5
8. 2
11. 2
MISSOURI
State total-....- .
45, 666
21,116
Adair----- -------244
Andrew.-------..
1
21
Atchison-------------101
Audrain ..-----------205
Barry --------148
Barton -----------_
61
Bates. --------------72
Benton--22
Bollinger- .----- --15
Boone- ----------335
Buchanan _---- -------783
Butler .- -----------192
Caldwell_--------52
Callaway. ---------75
Camden..-------------12
Cape Girardeau ------.
308
Carroll-- . ---------73
Carter.----------9
Cass--------------85
Cedar...-------------50
Chariton-...-- --------.
66
Christian...-----.......
77
Clark. ---------------64
Clay----------------442
Clinton---..
.---------.. 97
Cole-------------248
Cooper----------80
Crawford -----------.
.
[99
Dade......----------28
Dallas------------17
Daviess ---------45
De Kalb
1-------6
Dent_ .----------- -33
Douglas ...----------38
Dunklin -----188
Franklin_-----------103
Gasconade.-----------58
Gentry ------..--67
Greene ...----------.
.
1, 704
Grundy ...--------.
.
208
Harrison---------39
Henry-------------.
123
Hickory.....------- ---.
6
Bolt ------------73
Howard --------------125
Howell...--.--------.
.
60
Iron.....----------.
.
80
Jackson-----...........
.
11, 518
5,
125
11
53
91
80
36
66
17
3
143
530
83
34
41
12
141
46
8
49
31
32
37
46
213
63
153
59
51
15
11
35
10
24
21
111
53
23
40
516
86
21
78
4
58
66
36
34
831
ANNUAL
REPORT OF FEDERAL HOME LOAN BANK BOARD
189
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. 0. L. C. by counties as of June 12, 1936-Continued
MISS OURI-Continued
Appli caions with-
drawn and rejected
County
Number
applica
tions received
Number
Percent
Loans closed
Number
Amount
Owned nonfarm homes
Number
Percent
mortgaged
to 1. 0.
L. C.
Jasper ---------1,337
Jefferson-...-- --------.
218
Johnson.------. ----. .
116
Knox-- ..
-----------.
.
36
Laclede....-----------36
Lafayette ------------106
Lawrence..----------302
Lewis------------- 103
Lincoln--------------93
Linn...---------.--- 372
Livingston ..-----.
..
158
McDonald -----------.
95
Macon----- -----------197
Madison_-----------81
Maries_------------21
368
Marion .-----..-------Mercer.-----------34
Miller..-- -----------.
75
Mississippi- -------68
Moniteau --------------40
Monroe-..--..--------.
50
Montgomery-.---------63
Morgan-------------30
New Madrid--------.
83
Newton---------------253
Nodaway------------132
Oregon-------------49
Osage..---------------.
57
Ozark----...
.
-------2
Pemiscot------------152
Perry-----------7
Pettis---------------366
119
Phelps------------------.
135
Pike-----...
.
Platte.-------------74
Polk-----..
. ----------.
55
Pulaski---------- --39
Putnam....--------.-.
119
Ralls------ ---------44
Randolph .-.-------.
.
444
Ray-----------------110
Reynolds- ----------28
Ripley----------------30
St. Charles-----------137
St. Clair-----....--.
19
St. Francois --.-----..620
St. Louis-------------7,729
St. Louis City ------10,723
Ste. Genevieve--...-20
Saline ..------------.
340
Schuyler--------------55
Scotland--- --- --------23
Scott-----------------316
Shannon--------------20
Shelby-------- -------56
Stoddard.--- ----.
. .
.
101
Stone --------------39
Sullvan -----------....
77
Taney ------------85
Texas ----------44
Vernon.--------------.
124
Warren ---------42
Washington.---------19
Wayne.--- --- -- ------25
Webster .------ ------91
Worth -----28
-----Wright -----------71
43246-38-13
512
92
66
17
29
74
140
50
42
221
89
74
86
29
15
204
16
46
39
22
20
35
18
48
165
81
27
29
2
82
2
188
78
81
52
33
28
69
23
136
65
17
14
38
16
266
2,822
4,646
16
164
22
16
124
17
35
50
30
44
53
30
74
17
14
21
50
20
43
38.3
42. 2
56.9
47. 2
80. 6
69. 8
46. 4
48.5
45. 2
59. 4
56.3
77.9
43. 7
35. 8
71.4
55 4
47.1
61. 3
57. 4
55 0
40.0
55. 6
60.0
57. 8
65. 2
61.4
55.1
50.9
100.0
53. 9
28.6
51. 4
65. 5
60. 0
70.3
60.0
71.8
58. 0
52.3
30. 6
59.1
60.7
46. 7
27. 7
84.2
42 9
36.5
43. 3
80.0
48. 2
40.0
69. 6
39.2
85. 0
62.5
49. 5
76.9
57.1
62. 4
68. 2
59. 7
40.5
73.7
84.0
54. 9
71. 4
60. 6
825
126
50
19
7
32
162
53
51
151
69
21
111
52
6
164
18
29
29
18
30
28
12
35
88
51
22
28
0
70
5
178
41
54
22
22
11
50
21
308
45
11
16
99
3
354
4,907
6,077
4
176
33
7
192
3
21
51
9
33
32
14
50
25
5
4
41
8
28
$1, 470, 435
218, 473
114, 406
21,963
17, 224
68, 286
221, 019
68,936
103, 376
235, 709
136, 373
27,151
165,199
79, 413
3,105
340, 539
18,589
40,861
53, 268
27,049
57,256
40, 857
14, 389
32,188
135, 102
92, 831
36,566
42,979
0
127,719
6,318
311, 223
83, 865
73,927
42, 406
36,949
16,361
69,823
35,290
614,247
72,198
13,824
17,778
228,010
2,959
438, 412
19,236, 862
24, 783,202
4,331
334,067
32, 268
16,180
230,292
3, 595
24, 812
70, 993
8,704
46, 897
37, 396
25, 333
75,948
90, 543
12, 428
9,070
69,135
12,340
39,187
9, 258
2,197
1,827
620
657
2, 475
1, 785
1,074
974
2, 403
1, 547
509
1,770
595
176
3, 595
473
772
643
995
926
1,047
558
1,012
1,800
2,016
473
492
135
1,002
716
3, 318
851
1, 668
924
867
565
636
677
2, 905
1,405
206
434
2, 211
672
3, 469
31,085
67,162
679
2, 659
560
604
1, 775
269
1,022
1,100
364
784
441
438
1, 858
478
421
475
600
370
609
8. 9
5. 7
2. 7
3 1
1.1
1. 3
9 1
49
5. 2
6. b
4. 5
41
6.3
8. 7
3. 4
4.6
3.8
38
4. 5
1.8
32
2. 7
2.2
3.5
4.9
2. 5
4.7
5.7
0
7. 0
.7
5. 4
4. 8
3. 2
2. 4
2.5
1.9
7.9
3.1
10. 6
3 2
5.3
3.7
4. 5
.4
10. 2
15 8
9. 0
.6
6. 6
5.9
1.2
10. 8
1.1
2 1
4. 6
2.5
4. 2
7. 3
3.2
2. 7
5. 2
1.2
.8
6. 8
2. 2
4 6
190
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1986-Continued
MONTANA
County
State total--.....
Beaverhead-..-----_
Big Horn...--------Blaine-..----------Broadwater-----__---Carbon-..-----... _
Carter .------------..
Cascade ..-----..--....
Chouteau.--------Custer...----..----..
.
Daniels..---------Dawson.-----------Deer Lodge-------.-.
Fallon... ----------..
Fergus ....---------...
Flathead-...------.....
Gallatin ...---- ---....
Garfield-....-----.-...
Glacier.--------------..
Golden Valley---......
Granite..---------....
Hill-.......------.....
Jefferson----.........
Judith Basin-..... -Lake.--------------...
Lewis and Cl"rk..-..
Liberty......- ..-....
Lincoln--------------.....
McCone-.-.----Madison.--------.---------..
Meagher .
Mineral.....----..-....
Missoula ..-----.......
Musselshell--------....
Park --- ..----..--...
Petroleum-----------Phillips....------Pondera - -------Powder River .-Powell ------Prairie----------Ravalli -----Richland ---------Roosevelt---------Rosebud -------Sanders----------Sheridan-_-----Silver Bow- -----Stillwater --------Sweet Grass ------Teton-- -----------Toole
Treasure
--------Valley--------............
Wheatland ....----Wibaux----------.
Yellowstone-------
Loans closed
dApwn and esjcted
Number
applica
tions received Number Percent
7, 017
-------
67
78
64
33
109
4
884
43
197
67
77
279
51
217
348
210
8
51
4
14
182
34
47
157
197
18
82
18
28
26
6
556
63
182
3
51
89
3
110
27
74
81
141
43
48
79
943
49
37
45
115
8
105
84
9
472
3,338
Number
47. 6
l-r-------l-L-----I
3, 679
50.7
64.1
48.4
42.4
59. 6
100.0
29.6
55.8
47.7
64.2
51.9
37.3
39.2
36.4
47.1
52.4
75.0
70.6
75.0
78.6
41.8
70.6
38 3
47.8
64.5
27.8
48.8
55.6
71.4
65.4
83. 3
43.0
46.0
45.6
33. 3
62.7
39.3
100.0
36.4
37.0
59.5
55. 6
54.6
65.1
56.3
57. 0
51. 6
55. 1
37.8
64.4
52. 2
50.0
54.2
64.3
22.2
54.0
34
50
31
14
65
4
262
24
94
43
40
104
20
79
164
110
6
36
3
11
76
24
18
75
127
5
40
10
20
17
5
239
29
83
1
32
35
3
40
10
44
45
77
28
27
45
487
27
14
29
60
4
57
54
2
255
Amount
$7,284,979
I----------------I
22
23
16
55
4
48
30
7
217
75,121
45,800
63,518
22,859
54, 328
0
798,156
1,
22,796
223, 745
32,725
87,214
300,589
59,681
289, 669
272,665
203, 205
1,722
15,008
635
2,763
265,773
14,465
35,360
104,766
177,160
12,082
35, 238
7,164
7,788
9, 267
677
642,157
46.518
172,970
1,082
26, 317
74,944
0
109, 217
22,512
51,059
65,930
80, 297
19,983
26,166
51,080
790,081
28,319
37,892
22, 363
86, 203
5, 279
96,948
46,348
11,186
528,189
33
28
33
19
44
0
622
19
103
24
37
175
31
138
184
100
2
15
1
3
106
10
29
82
70
13
42
8
8
9
1
317
34
99
2
19
54
0
70
17
30
36
64
15
21
34
456
Owned nonfarm homes
Percent
mortgaged
to . C.
L. C.
Number
39,378
448
293
429
189
950
74
3,627
368
926
264
591
1,577
195
963
1,757
1,254
55
261
81
315
825
327
229
542
1,913
98
666
105
372
120
176
2,454
636
989
58
293
370
35
486
135
657
395
635
324
382
451
6,618
259
203
264
490
40
536
263
80
2, 335
I
9.3
7.4
9.6
7.7
10. 1
4.6
.0
17.1
5.2
11.1
9.1
6.3
11.1
15.9
14. 3
10.5
8.0
3.6
5.7
1.2
1.0
12.8
3.1
12.7
15.1
3.7
13. 3
6.3
7.6
2.2
7.5
.6
12.9
5.3
10.0
3.4
6.5
14.6
.0
14. 4
12.6
4.6
9.1
10.1
4.6
5.5
7.5
6.9
.8.5
11.3
6.1
11.2
10. 0
9.0
11.4
8.8
9.3
NEBRASKA
19,985
6,388
32.0
13,597
$28113,828
117,657
11. 6
Adams-------------- -Antelope--------------
414
93
155
41
37. 4
44.1
259
52
635, 337
82,967
2, 537
829
10 2
6.3
Arthur-.---------------Banner -------------Blaine ..-----------Boone --------------
4
0
5
121
25.0
3
0
3
67
4,495
0
3,355
137, 899
21
10
31
829
14.3
0
9.7
8. 1
State total-
1
0 ----2
54
40.0
44. 6
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
191
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgagedto H. O. L. C. by counties as of June 12, 1936-Continued
NEBRASKA-Continued
County
Box Butte-...------Boyd------ -----Brown
.
---------
Buffalo-.--------------Burt-------....
Butler -----------Cass--------------Cedar--------------Chase----------------Cherry-- ---------Cheyenne --------Clay--...---- ----Colfax-...--..------Cumng-...-------Custer ----------Dakota-...--------Dawes--------------Dawson.--.---------Deuel...--..---------Dixon..-----.-----Dodge-....-----------Douglas.--..---------Dundy.-----------FillmoreJ .---------Franklin_-------.--------Frontier .
Furnas-....---------Gage------.---------Garden.-------.--Garfield...-------.----------Gosper .
Grant.-----...------Greeley-..-----. -----Hall- ..-----.------Hamilton -----------------Harlan- ---Hayes-----------Hitchcock.----------Holt..------- -----Hooker ..----------Howard...----------Jefferson------------Johnson-----------Kearney.---------Keith----------Keyapaha -----------Kimball...----Knox.-----------Lancaster--------------------LincolnLogan-....----------.
Loup
---------------
McPherson -------Madison--------------Merrick --Morrill---------Nance
-----------Nemaha..----------Nuckolls-----------------Otoe
Pawnee.-------------Perkins-----------Phelps- --------Pierce----------Platte --------Polk ---Redwillow --------Richardson ---------Rock--------.......
Saline--------Sarpy....------
Applicat
sad
drawn ar rejctd
Number
applica
tlons re
ceived Number Percent
217
51
96
343
104
73
193
164
49
89
185
129
136
58
208
188
168
246
77
87
453
6, 374
58
69
87
49
127
435
33
38
4
20
80
392
75
64
11
60
90
20
60
264
46
85
62
16
105
182
2,519
356
12
5
1
464
99
95
64
89
120
221
39
58
159
68
285
46
180
153
28
136
129
63
18
47
102
45
28
75
71
20
40
39
48
44
26
73
95
61
86
19
34
118
1,538
Loans closed
Number
29 0
35.3
49.0
29.7
43.3
38.4
38.9
43.3
40.8
44.9
21.1
37.2
32.4
44.8
35.1
50.5
36.3
35.0
24.7
39.1
26.0
24.1
27.6
49.3
39.1
53.1
41.7
26.4
39.4
34.2
75.0
45 0
31.3
32.1
42.7
42.2
36.4
40.0
45.6
50.0
35.0
31.8
63.0
40.0
35.5
68 8
21.9
37.4
31 7
30.3
50.0
40 0
200
100.0
43. 1
154
33
49
241
59
45
118
93
29
49
146
81
92
32
135
93
107
160
58
53
335
4,836
42
35
53
23
74
320
20
25
1
11
55
266
43
37
7
36
49
10
39
180
17
51
40
5
82
114
1,720
248
6
3
42
24
30
59
59
82
12
26
74
25
94
19
69
84
18
54
39
42.4
25.3
46.9
66.3
49.2
37.1
30.8
44.8
46.5
36. 8
33.
41.3
38 3
54.9
64.3
39.7
30. 2
57
71
34
30
61
139
27
32
85
43
191
27
111
69
10
82
90
16
34
34
26
53
115
13
13
3
9
25
126
32
27
4
24
41
10
21
84
29
34
22
11
23
68
799
108
6
2
1
0
264
Amount
$377,281
46,778
68, 562
512,650
108,800
90,219
180,138
144,714
44,838
62,507
330,173
116,760
175,735
53,990
208, 315
135,537
229,214
327,158
100, 764
80,455
725,790
10,146,023
79,842
40,206
84,024
37,959
125,792
584,187
36,133
36,509
1,312
16,228
86,105
651,390
75,451
56,962
9,612
65,147
65,445
18,584
59,079
371,794
22,884
89,329
78,839
3,448
161,009
196,225
3.982,646
584,935
8,338
3,565
0
609,620
117,938
140,990
61, 480
51,795
113, 586
308,381
29, 589
55, 105
198, 625
75,185
477,644
37,152
249,651
145,808
18,265
157,172
145, 771
Owned nonfarm homes
Number
887
386
407
2, 207
967
1, 132
1, 536
881
300
462
613
1,282
1,072
869
1,407
745
958
1,379
261
722
2,740
29, 788
251
1,100
689
401
1,017
2,880
187
242
122
103
416
2,732
815
623
68
471
846
66
655
1, 451
701
599
404
81
337
1,096
11,954
1, 873
75
41
27
2,297
758
405
502
1,036
896
1,674
668
269
844
624
1,640
700
1, 221
1, 578
123
1, 793
852
Percent
mortgaged
toL C.
.
L. C.
17.4
8.5
12.0
10.9
6.1
4.0
7.7
10.6
9.7
10.6
23.8
6.3
8.6
3.7
9.6
12.5
11.2
11. 6
22.2
7.3
12.2
16.2
16. 7
3.2
7.7
5.7
7.3
11.1
10.7
10.3
.8
10. 7
13.2
9.7
5.3
5.9
10.3
7.6
5.8
15.2
6.0
12.4
2.4
8.5
9.9
6.2
24. 3
10.4
14.4
13.2
8.0
7.3
0
11. 5
7.5
17.5
6.8
2.9
6.8
8.3
4.0
11.9
10.1
6.9
11.6
3.9
9.1
44
8.1
4.6
10.6
192
ANNUAL REPORT OF FEDERAL HOME
LOAN BANK BOARD
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
NEBRASKA- Continued
Owned nonfarm homes
Loans closed
dAppw ans ejwcted
Number
County
applica
tions received
Number
Percent
Number
Amount
Number
Percent
mortgaged
to H. O.
L. C.
Saunders--.-------- .
Scotts Bluff- ------Seward---.--------...
154
496
43
51
109
27
33.1
22. 0
62.8
103
387
16
$197, 982
873, 540
24,728
1, 605
1, 797
1,242
6. 4
21.5
1.3
Sheridan-----------Sherman---- --------Sioux------ ---------Stanton------------Thayer.---------------Thomas--------Thurston--------Valley_------- --Washington------- -Wayne------- --------Webster.---- ---- ------.
Wheeler---------------York-------------------
127
83
15
39
142
28
119
111
118
89
59
14
165
51
34
6
18
49
15
71
31
35
37
22
8
58
40 2
41.0
40 0
46 2
34. 5
53.6
59.7
27.9
29.7
41.6
37.3
57.1
35.2
76
49
9
21
93
13
48
80
83
52
37
6
107
170, 590
90, 716
12, 585
38,768
154,176
17,345
75,813
148, 586
155,550
150,041
49, 556
5, 861
190,801
645
479
80
368
1, 056
96
399
639
872
674
733
55
1, 456
11.8
10.2
11 3
5 7
8 8
13.5
12.0
12. 5
9.5
7.7
5.0
10. 9
7.3
1, 206
$3,298,571
8,990
13.4
115, 014
200, 764
21,183
186,561
0
0
69,099
24, 458
33, 395
43, 735
4,821
6,500
40, 048
65,150
250
2,452, 426
35,167
313
803
185
791
281
144
384
198
242
320
205
688
330
212
162
3, 070
662
22.4
12.5
4 9
9.0
0
0
6 8
4. 5
7. 0
10.0
2.0
.4
6 4
15.1
.6
25.8
3.0
NEVADA
State total _----.
Churchill -----------Clark -----------Douglas-------------Elko ------------Esmeralda---------Eureka- -----..------.
Humboldt ----------Lander----------Lincoln ----------Lyon.--.------------.
Mineral--------- -------Nye------------Ormsby
....----------Pershing -------------Storey ----------Washoe -------------.
White Pine -----------.
1,704
498
96
182
13
116
0
5
31
14
23
40
8
7
32
43
3
1,053
38
26
27.1
82
45.1
4
30.8
45
38.8
0 -..... .
5
100.0
5
16.1
5
35.7
6
26.1
8
20.0
4
50.0
57.1
4
11
34.4
11
25.6
2
66.7
262
24 9
18
47.4
29. 2
70
100
9
71
0
0
26
9
17
32
4
3
21
32
1
791
20
NEW HAMPSHIRE
State total -----.
3, 677
1,810
49 2
1,867
$4,513,223
50,947
3.7
Belknap -----------Carroll ...-----------Cheshire .--.--------Coos-------------Grafton---- -----Hillsborough.--------Merrimack_------------Rockingham ----------Strafford--------------Sullivan --.---------.
119
130
168
516
263
1, 313
335
479
152
202
73
78
100
222
130
544
178
273
104
108
61 3
60. 0
59.5
43 0
49.4
41.4
53.1
57. 0
68 4
53.5
46
52
68
294
133
769
157
206
48
94
98,805
130, 240
162,152
694,927
296, 266
2,041, 308
355, 739
360, 610
99, 634
273, 542
2,873
2,122
4,251
3,763
4,839
13, 078
6, 548
6, 978
4,329
2,166
1.6
2. 5
1.6
7.8
2. 7
5.9
2.4
3.0
1.1
4.3
NEW JERSEY
81,920
State total----I
Atlantic ------.----------Bergen----....
Burlington...---------.
Camden--------------Cape May ----------Cumberland_
-----Essex-. ---------
I.
4,260
10, 956
1, 075
5,104
971
785
16, 558
45, 581
-I .
55.6
36,339
I
I
2, 384
5, 514
719
2, 745
663
530
9, 240
56. 0
50. 3
66. 9
53.8
68. 3
67. 5
55. 8
$175,326,988
I
I
1, 876
5,442
356
2,359
308
255
7,318
7, 500,134
27, 889, 608
951, 662
6,492,503
1,079, 881
651,413
44, 771, 039
448,623
13,421
57, 577
12,167
35, 739
4,983
9, 202
77,127
8.1
I
14. 0
9. 5
2. 9
6. 6
6. 2
2. 8
9.5
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
193
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
NEW JERSEY-Continued
Applications with
drawn and rejected
Number
applica
tions re
ceived
County
Gloucester...-------...
Hudson--........--Hunterdon--Mercer.-------._
Middlesex..--..-Monmouth. -------..
Morris.... ------Ocean--..--Passaic....-------Salem..-..-------- _Somerset.....------Sussex...----------Union.
------Warren....--------
Loans closed
Loans closed
I
.
Number
Percent
Number
552
4, 333
142
1,909
3, 283
2,986
1, 299
976
2, 788
82
788
171
4,077
400
54. 2
43.6
72 8
59. 1
53.9
69 5
69. 2
75. 7
59.8
66. 7
58 9
59.0
56. 0
70. 7
466
5, 616
53
1, 323
2, 806
1,313
578
313
1,874
41
549
119
3,208
166
1, 018
9, 949
195
3,232
6, 089
4,299
1, 877
1, 289
4, 662
123
1, 337
290
7,285
566
I
Owned nonfarm homes
I-.
Amount
.
INumber
$1, 246, 430
31, 552, 797
173,363
4, 266,312
10,898,326
5, 580,111
2, 763,193
1, 101, 154
8, 742, 705
106,001
2,190, 337
430, 215
16,375, 703
564,101
9, 907
43, 559
3,765
23,163
25, 654
22,195
14, 636
5,661
31, 370
3,621
8,041
3,089
37, 639
6,107
4.7
12.9
1.4
5.7
10.9
5.9
3.9
5.5
6.0
1.1
6.8
3.9
8.5
2.7
I
I
I
Percent
mortgaged
to H. 0.
L. C.
--
NEW MEXICO
State total......
---
Catron.----Chaves----.............
Colfax.....------Curry ---.........
De Baca....---------Dona Ana..........
Eddy
-------Grant ---Guadalupe....----Harding -. - -Hidalgo.......-----Lea_-----------Lincoln.-- ----Luna - ---.............McKinley--------Mora.---------Otero..................
....
Quay--.....--...
Rio Arriba ..---Roosevelt ..--------Sandoval -----........
San Juan- ..---San Miguel----.........
Santa Fe..-----........
Sierra-..-----Socorro
----Taos_--------Torrance------..........
Union-............ ...
Valencia ------
2,316 1
4, 778
_n
Bernalillo
1--
1, 743
7
347
227
297
23
180
152
72
52
21
35
58
27
60
184
16
57
118
41
71
67
60
225
314
47
27
39
34
101
76
48 5
2,462
$5,134,547
'I
I
l
702
7
180
108
102
15
82
77
41
29
8
15
28
24
32
95
12
34
55
39
41
58
41
100
188
35
20
36
17
42
53
40, 3
100. 0
51. 9
47. 6
34.3
65.2
45.6
50. 7
56.9
55.8
38.1
42 9
48.3
88. 9
53.3
51.6
75.0
59. 6
46.6
95.1
57.7
86.6
68.3
44.4
59.9
74.5
74.1
92.3
50.0
41.6
69.7
1,041
0
167
119
195
8
98
75
31
23
13
20
30
3
28
89
4
23
63
2
30
9
19
125
126
12
7
3
17
59
23
30,716
8.0
5, 327
166
1,433
1,140
1, 104
151
1, 437
845
1, 540
562
119
296
421
361
496
1,314
345
678
693
1, 322
386
577
829
2,312
2,111
320
737
1, 301
734
462
1,197
1%.5
II-
2, 245, 304
0
358, 241
214, 687
346, 005
14,457
224,098
155,355
68,444
31,094
24,952
25, 701
38, 493
3,381
60,347
218, 797
7,472
38,934
95, 509
2,969
51, 570
9, 700
39, 025
222, 745
421, 482
22,424
7,945
4,183
19, 565
105,711
55, 957
0
11.7
10. 4
17. 7
5.3
6.8
8.9
2.0
4.1
10.9
68
7.1
.8
5.6
68
1.2
3.4
9.1
.2
7.8
1.6
2.3
5.4
6.0
3.8
.9
2
2.3
12.8
1.9
NEW YORK
State total .._
Albany-------------Allegany .....-------Bronx......-------Broome..-----.....
.
Cattaraugus...
----Cayuga-------Chautauqua
_------Chemung
------Chenango.....------Clinton-------Columbia-----------Cortland..-------......
157,872
2,295
147
9,197
1,012
693
420
2,189
1,005
120
115
289
132
f
77,727
-I
1,044
105
4, 798
613
295
230
1,092
531
83
82
180
66
--
49. 2
--
45. 5
71.4
52. 2
60. 6
42. 6
54.8
49.9
52.8
69. 2
71.3
62. 3
50.0
I-~
80,145
1,251
42
4,399
399
398
190
1,097
474
37
33
109
66
I
$411,276,352
6,211,439
85, 601
29, 606, 322
1,572,450
917,845
536,143
3,026, 421
1,426, 540
111,044
100,363
355,811
242,384
i.
1,017,475
21,983
4,291
33, 966
16,456
8,981
7,830
16, 650
9,948
3,800
3,508
4,115
3,857
7.9
5.7
1.0
13. 0
2.4
4. 4
2.4
6. 6
4.8
1.0
.9
2.6
1.7
194
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
NEW YORK-Continued
dApncansejwcted
Loans closed
Owned nonfarm homes
Number
County
applica
tions received
Delaware ......-------.
Dutchess....--- ---...
.
Erie...-------------Essex..
---. Franklin -------------Fulton-_---Genesee.--- ----Greene_ ---------Hamilton------ -36
Herkimer ---Jefferson..------------Kings. --------Lewis_----------Livingston -----------Madison -----------Monroe--....-------Montgomery ------Nassau--------------New York..---- ---Niagara -------------Oneida------------Onondaga.-----------Ontario ......Orange- ..-----__-Orleans .....--------Oswego..----.. -----.
Otsego ...------- --...Putnam---..
---------.
Queens----..
--------.
Rensselaer.-------..
_
Richmoind ----..---Rockland---St. Lawrence ... _--Saratoga -----------Schenectady---------Schoharie---------Schuyler ---------Seneca---------------Steuben--------------Suffolk--------------Sullivan ---------Tioga _-----Tompkins .------- --Ulster---- ---------Warren ---------Washington-----------Wayne....-----------Westchester--..------Wyoming.--.... .----.
Yates----...
.-------_
.
Percent
mortgaged
to H. O.
L. C.
Number
Percent
114
709
83
367
72.8
51.8
31
342
$66,958
1,337,229
4,157
10, 254
.7
33
10, 469
249
314
239
425
233
5,498
145
193
153
226
167
23
419
392
16,381
39
181
125
4, 860
185
5, 374
1,122
1,314
918
1,984
233
570
111
398
116
111
13,104
490
2,211
487
201
266
811
42
68
89
275
1,975
359
80
154
417
171
221
135
5,223
85
56
52.5
58.2
61. 5
64.0
53. 2
71.7
63. 9
48. 3
59. 4
48.9
55. 7
54.4
58.1
49. 3
51.1
45. 0
72. 2
61.9
49.8
56. 2
55. 5
58. 0
37. 2
32. 6
66. 7
58. 4
47. 5
47. 3
40.1
41. 7
64. 4
49. 9
33.1
70. 0
81.0
48.1
60. 8
55.1
72.1
66.7
74. 4
56. 7
47.0
55. 7
60.3
45.0
54.1
55.4
4,971
104
121
86
199
66
13
448
268
17,094
31
152
90
5,001
177
6, 580
432
808
925
1, 547
187
412
187
823
58
79
14,457
547
3, 299
681
111
267
1,642
18
16
96
177
1, 609
139
40
53
318
193
176
89
6,373
72
45
18,805,813
326,237
402,209
259,610
490, 324
221,754
30, 279
1,194, 773
816, 063
110,811,103
75, 863
407, 815
258, 272
18, 614,332
368, 852
31, 982, 050
3, 654, 938
2,828,389
3,743,439
7, 083, 527
525, 390
1,602, 930
391,012
2,108,929
197, 392
357, 800
76, 027,240
1, 587,412
15,156, 425
3, 008, 644
287, 220
872, 842
5, 936, 652
74,461
32,849
224,110
427,862
6, 430,952
491,113
120,817
170, 777
1,138, 055
615,102
403, 447
264, 227
44, 595, 765
146, 507
108,228
82, 459
3,538
4,160
6,483
5,349
3,485
586
7, 740
9, 788
158,050
2, 233
4, 263
4, 994
57,137
6, 572
49, 651
11, 686
17,154
21,691
33, 937
6, 627
14, 506
3, 659
8,620
5,712
1, 507
125,849
13, 297
19, 057
7, 940
8,920
7, 607
16, 507
2, 042
1,424
2, 961
10, 373
24,026
3,921
3,076
4,840
10,059
5,042
5,319
5,906
52,851
3,206
1,869
6.0
2 9
2. 9
1.3
3. 7
1.9
2. 2
5. 8
2. 7
10.8
1.4
3. 6
1.8
8. 8
2. 7
13. 3
3. 7
4.7
4.3
4. 6
2.8
2. 8
5.1
9. 5
1.0
5. 2
11. 5
4.1
17. 3
8. 6
1. 2
3. 5
9.9
.9
1.1
3. 2
1. 7
6.7
3.5
1.3
1.1
3.2
3.8
3. 3
1. 5
12.1
2. 2
2.4
867
660
33,475
70
333
215
9, 861
362
11, 954
1, 554
2,122
1,843
3, 531
420
982
298
1,221
174
190
27, 561
1,037
5, 510
1, 168
312
533
2,453
60
84
185
452
3, 584
498
120
207
735
364
397
224
11, 596
157
101
Number
Amount
Number
NORTH CAROLINA
24,303
11,973
49.3
12,330
$31,394,396
135, 375
9.1
Alamance-.----------293
Alexander.-- ----------45
Alleghany-.---.-------5
Anson.....----------143
Ashe---.---------..
41
43
Avery------ -- --------224
Beaufort --------125
Bertie--..------------------..--51
Bladen..--55
Brunswick .------- --Buncombe .--..1, 828
110
Burke....-----Cabarrus-------... ......
282
Caldwell....-----........
156
8
Camden------------Carteret---------------450
148
26
3
76
21
20
113
51
29
37
668
43
161
71
7
246
50.5
57.8
60.0
53.1
51.2
46. 5
50. 4
40.8
56.9
67.3
36. 5
39.1
57.1
45. 5
87.5
54. 7
145
19
2
67
20
23
111
74
22
18
1,160
67
121
85
1
204
369, 626
27,651
4,452
130, 450
42, 603
35,247
248,572
156, 289
47,740
24,637
2, 862, 030
140, 631
311, 575
233, 691
374
283, 477
2,231
355
96
813
201
276
1, 552
727
622,
805
7, 066
1, 434
2,138
1, 512
149
1,869
6.5
5.4
2.1
8.2
10.0
8.3
7.2
10.2
3.5
2.2
16.4
4. 7
5.7
5. 6
.7
10.9
State total ...--
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
195
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
NORTH CAROLINA-Continued
and reecte
dAppiwn
Loans closed
Owned nonfarm homes
Number
applica
tions received
County
Caswell-.-----------
--
Number
Percent
Number
Amount
Number
Percentd
mortgage
to H. 0.
L. C.
15
11
73.3
4
$5, 394
161
2. 5
Catawba------------Chatham ..--------..
Cherokee--..----------.
Chowan.-------------Clay-----------------Cleveland--------.---Columbus..-------- .
Craven--..--..-----.
Cumberland-..------.
Currituck-...----.--.. .
Dare------.-----------Davidson------------Davie------------Duplin---------------Durham
.------------Edgecombe_----------Forsyth--------Franklin -------------Gaston.------------. .
Gates---------------Graham
.------------Granville -----------.150
Greene----------------Guilford ------------Halifax-------------Harnett-------------Haywood.-----------Henderson -----------Hertford-------------Hoke-----------------.
Hyde.---------.---Iredell.-------.-------Jackson ----------Johnston-----------Jones.---------------Lee----------------Lenoir.-------------Lincoln-----.----.---McDowell ----------Macon---------------Madison---------Martin-------------Mecklenburg---------Mitchell..------------.
Montgomery..-----..Moore-------------Nash---------------New Hanover-.------Northampton----------.
Onslow-------------Orange-----------Pamlico..-------------Pasquotank- -------Pender....-----------Perquimans..---------.
Person-----------------
271
87
97
45
5
301
160
324
320
7
91
326
29
141
760
286
1, 354
98
627
21
12
19
2,136
251
114
225
351
86
35
8
389
79
253
42
126
126
93
139
57
54
108
2,201
60
86
337
233
676
84
17
160
62
204
52
34
63
175
49
68
27
4
190
112
139
161
5
48
163
20
105
481
164
623
62
305
18
8
95
8
875
151
77
118
134
46
17
3
196
38
129
24
67
68
29
57
34
28
66
944
33
45
181
139
374
40
11
91
46
102
35
20
35
64 6
56.3
70.1
60.0
80.0
63.1
70.0
42.9
50.3
71.4
52.7
50.0
69.0
74. 5
63.3
57.3
46.0
63.3
48.6
85.7
66.7
63.3
42.1
41.0
60.2
67.5
52.4
38.2
53.5
48.6
37.5
50.4
48.1
51.0
57.1
53.2
54.0
31.2
41.0
59.6
51.9
61.1
42. 9
55.0
52.3
53.7
59.7
55.3
47. 6
64.7
56.9
74.2
50.0
67.3
58.8
55. 6
96
38
29
18
1
111
48
185
159
2
43
163
9
36
279
122
731
36
322
3
4
55
11
1,261
100
37
107
217
40
18
5
193
41
124
18
59
58
64
82
23
26
42
1, 255
27
41
156
94
302
44
6
69
16
102
17
14
28
282, 816
76, 699
47, 776
41, 967
974
235, 409
86,170
421,838
432, 316
6, 323
38,145
368, 664
16,130
57,030
871, 763
289, 240
2,445, 663
77,065
669,181
7,795
4,897
129, 857
35, 100
3, 693, 740
240,040
84, 188
211, 735
500, 157
71, 330
46,932
8,017
459, 990
86, 464
281,494
23,097
169,997
157, 727
126,645
125, 992
56,963
48,738
86, 203
3,909, 487
37,722
83, 229
317,494
222,864
782, 534
100, 753
8,851
186, 730
18,890
211,958
17, 962
23,379
73, 513
2, 619
664
521
447
83
1, 700
1,122
1,808
1, 948
221
927
2, 762
440
989
3, 860
1, 686
7, 472
584
2,937
200
107
757
195
9,176
1,412
847
1, 589
1,345
550
180
363
2,531
431
1, 237
196
759
1, 300
710
1,039
388
316
743
8,001
328
606
1,699
1,653
4, 217
618
321
992
594
1, 258
524
339
408
3.7
5.7
5.6
4.0
1.2
6. 5
4. 3
10.2
8.2
.9
4.6
5.9
2.0
3.6
7.2
7.2
9. 8
6.2
11.0
1 5
3.7
7.3
5.6
13.7
7.1
4.4
6. 7
16.1
7.3
10.0
1.4
7.6
9.5
10.0
9 2
7.8
4. 5
9 0
7. 9
5 9
8 2
5.7
15.7
8 2
6 8
9 2
5 7
7. 2
7.1
1.9
7.0
2 7
8.1
3. 2
4 1
6 9
Polk-----------------Randolph _----------Richmond ----------Robeson --------Rockingham..--------. .
Rowan----. .---------.
.
Rutherford ----- ----.
Sampson....----------.
Scotland----.--------.
.
Stanly..------------Stokes---......-- ------.
Surry.................
Swain-----......---.....
.
Transylvania-..........
Tyrrell-....----------
118
180
322
260
226
559
290
98
98
231
46
317
62
116
24
38
58
166
161
110
297
121
59
53
97
15
139
44
57
18
32. 2
32 2
51.6
61.9
48. 7
53.1
41.7
60. 2
54.1
42.0
32. 6
43.8
71.0
49.1
75.0
80
122
156
99
116
262
169
39
45
134
31
178
18
59
6
147, 995
246, 580
324, 377
205, 480
291, 503
628, 575
310, 501
85,124
131, 740
362,752
56, 527
411,252
41, 897
109, 614
7, 981
529
1, 752
1,416
1, 858
2, 292
3, 540
1,149
778
437
1,182
288
1,799
284
515
218
15 1
7.0
11.0
5.3
5.1
7 4
14. 7
5. 0
10.3
11.3
10.8
9.9
6. 3
11. 5
2. 8
Pitt------------------
357
188
52. 7
169
394, 718
1,752
96
196
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
NORTH CAROLINA-Continued
withApplications
drawn
and rejected
Loans closed
Owned nonfarm homes
Number
applica
tions received
Number
Union...------------116
Vance.----..
---- -----142
Wake ------...-------.
1, 234
Warren --------------109
Washington--....---58
Watauga ..-----------99
Wayne---------------294
Wilkes...--------108
Wilson. - -------385
Yadkin .....--------41
Yancey---- ---------68
37
79
539
71
30
50
175
78
216
25
37
County
Percent
31.9
55.6
43.7
65.1
51.7
50. 5
59. 5
72. 2
56.1
61.0
54.4
Number
79
63
695
38
28
49
119
30
169
16
31
Amount
Number
Percent
mortgaged
to H. O.
L. C.
$173, 507
188, 811
2,124, 522
74, 313
52,946
110, 526
322, 252
80, 508
405, 097
14,773
48, 453
992
1, 019
4, 660
567
523
343
1,829
685
1,428
543
271
8.0
6.2
14 9
67
5.4
14.3
6.5
4.4
11.8
2.9
11.4
NORTH DAKOTA
State total.---..-_
7,458
3,041
40.8
4, 417
$9,037, 527
35, 880
12.3
Adams---------------63
Barnes--------------155
Benson.......--------77
Billings....-----------..
4
Bottineau-----------.
100
Bowman ..------ ..--46
Burke
....---------.
74
Burleigh-------------316
Cass--------------1,147
Cavalier.---- -----------90
Dickey------ ----------88
Divide-- ----......94--
25
60
46
2
51
13
34
102
386
51
41
50
39. 7
38.7
59.7
50.0
51.0
28.3
45.9
32.3
33. 7
56. 7
46. 6
53.2
38
95
31
2
49
33
40
214
761
39
47
44
56, 662
204,738
34,875
1, 954
63,426
42,314
47, 330
637, 589
2,349,439
39, 238
66,926
57,423
282
999
528
27
739
258
473
1, 171
3,726
628
596
356
Dunn-----------Eddy
....-------------Emmons-----...
------Foster.--- --------Golden Valley-------.
Grand Forks----------.
Grant.------- --Griggs.--------------Hettinger ------------Kidder...---.--------.
La Moure ...---------.
Logan_------ ----- -----McHenry
_-------.McIntosh
--------.
..-McKenzie
.---.------ -37
McLean--...-------..
Mercer-- ---------Morton -----------Mountrail..-----------.
.
--------..
Nelson----..
Oliver-----------Pembina
.
.-----------Pierce.-----------....
Ramsey ...----------Ransom --...
---------.
Renville---------------.
Richland .----------..
.
Rolette-..-----------..
Sargent .--.-------..
Sheridan----------Sioux .--------------Slope---------------Stark---------------Steele---------------Stutsman- ------ --------Towner------Traill-.--------------------Walsh-..
Ward-..---------Wells-----.
---- --Williams_-------...--..
13 5
9. 5
5.9
7.4
66
12.8
8. 5
18.3
20 4
6. 2
7.9
12.4
19
26
25
25
13
249
24
23
28
25
36
24
52
40
23
37
42
59
65
61
2
45
25
112
54
45
111
24
38
17
15
4
81
16
146
38
41
62
242
54
112
43.2
31. 0
40.3
37.9
50.0
37.7
42.1
35.4
34.1
42.4
45.0
58. 5
52. 5
54 8
62.2
30. 6
50.0
26.0
61.9
56. 5
22.2
52.3
39.1
48.1
47.8
47.9
56.9
63.2
56. 7
40. 5
62.5
33.3
35. 7
48.5
38. 5
43. 7
36.0
45.9
34. 6
43. 9
45. 0
25
58
37
41
13
412
33
42
54
34
44
17
47
33
14
84
42
168
40
47
7
41
39
121
59
49
84
14
29
25
9
8
146
17
233
49
73
73
457
69
137
34,112
86,155
50,401
64, 744
15,187
947, 735
44, 686
63,078
77, 834
36, 497
63, 749
20, 687
52, 707
39,905
16,174
129, 558
43,259
307,944
47, 975
48,302
7,016
53,356
48, 068
219,945
97, 416
64,153
159,435
15,878
29, 792
28, 447
10,099
9,425
287,643
22,988
502, 742
65, 645
117, 350
104, 860
1, 046, 203
108, 805
245, 658
234
289
494
364
209
2,467
282
318
361
265
577
295
730
561
271
806
509
1,248
555
517
84
903
403
967
608
316,
1,180
376
450
272
127
117
994
268
1,471
403
771
1,105
2, 261
630
1, 039
10 7
20.1
7.5
11.3
6. 2
16 7
11. 7
13.2
15.0
12 8
7. 6
5.8
6 4
5.9
5. 2
10. 4
8 3
13.5
7 2
9.1
8.3
4. 5
9. 7
12. 5
9.7
15.5
7.1
3. 7
6. 4
9. 2
7.1
6.8
14. 7
6.3
15. 8
12. 2
9. 5
6. 6
20. 2
11.0
13. 2
44
84
62
66
26
661
57
65
82
59
80
41
99
73
121
84
227
105
108
9
86
64
233
113
94
195
38
67
42
24
12
227
33
379
87
114
135
699
123
249
ANNUAL REPORT OF
FEDERAL HOME
LOAN BANK BOARD
197
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
OHIO
Applications with
drawn and rejected
Loans closed
Owned nonfarm homes
Number
applica
tions re
ceived
County
State total.... .
Number
Percent
193, 502
94,945
49.1
82
2, 081
210
2,681
323
346
1, 396
48
2, 784
193
295
2, 266
207
117
2, 245
385
522
55,496
226
177
321
1,085
430
249
9, 544
249
73
142
520
825
8,121
450
162
148
264
94
265
113
572
126
1,894
544
1,978
901
1,341
373
5, 219
15, 934
206
10, 840
1, 290
539
171
233
897
58
1,202
101
1,018
210
175
1,011
43
1,614
89
151
1,394
169
60
1,434
279
316
25, 353
106
87
184
612
275
120
4, 253
174
47
28
272
296
5,140
187
107
115
104
74
129
61
365
60
1, 436
312
1,042
584
521
210
2,124
7,370
125
3,625
538
343
91
136
578
46
5, 744
20
79
895
25
345
49
237
47
27
546
97
128
368
70.7
57.8
48.1
38.0
65. 0
50.6
72.4
89.6
58.0
46.1
51.2
61.5
81. 6
51.3
63.9
72. 5
60. 5
45. 7
46. 9
49.2
57. 3
56.4
64. 0
48. 2
44. 6
69.9
64. 4
19.7
52. 3
35.9
63 3
41.6
66.0
77.7
39.4
78 7
48.7
54.0
63.8
47.6
75.8
57.4
52.7
64.8
38.9
56.3
40.7
46.3
60.7
33. 4
41.7
63.6
53.2
58.4
64.4
59.0
44. 2
52.6
65.8
54.5
61.0
64. 0
68 1
57.8
57 3
75 0
64. 5
61.0
59 0
54.9
Number
Jefferson..------------
Knox ------------Lake.-__-----------Lawrence -----------Licking------------Logan.----------Lorain.----------Lucas--------------Madison----------Mahonlng-----Marion-----------
Medna----------Meigs..--- ----.
Mercer ...-------------Miami
Monroe_--..-------.
Montgomery-..
Morgan
-----
--------
Morrow------------Muskingum ..------
Noble-..--------Ottawa.---.-------
Paulding-------Perry- ------Pickaway--------Pike-.-----Portage ...---.----Preble. ------Putnam ...............
Richland ..............-
78
13, 006
38
120
1,643
41
539
72
410
82
36
847
159
217
670
l
24
36,267
879
2,030,697
250,544
109
4,105,583
1,663
113
236,489
171
316,923
385
932,738
5
8,885
3, 540,163
1,170
104
206, 796
144
260,390
872
2, 621, 089
38
89,301
57
92,439
1,629,590
811
226,241
106
206.
445,189
111,254,918
30,143
120
211,939
90
169,188
254,504
137
473
1,369,064
155
314,282
129
234,610
5, 291
16,007,020
75
147,856
26
58,477
114
254,726
248
537,749
529
945,977
2,981
12,910,641
263
573, 747
55
117,370
33
89,766
160
330,044
20
52,979
136
245, 041
52
103,362
207
505, 900
66
127,396
458
1, 529, 147
232
459,796
936
2,851,126
317
624,422
820
1, 807, 856
163
324,593
3,095
8, 632, 419
8,564
24,944,394
81
145,489
7, 215
22, 679, 058
752
1, 656,607
196
481, 130
80
102, 605
175,928
97
319
736, 332
32
50,466
7,262
20,920, 042
18
24,597
41
78,320
748
1, 687, 905
16
23,687
194
468,880
23
26,437
173
267, 856
35
60, 273
9
11,767
301
814, 642
62
308, 294
89
133, 757
302
886, 747
Percent
mortgaged
toH. .
L. C.
Number
748,412
$305,877,993
98,557
-1----
Adams---------Allen- .----------Ashland----------Ashtabula -...------Athens.----------.
Auglaize ----------Belmont..-.---------Brown -----------Butler .------- ------Carroll.----.-Champaign-------------Clark------Clermont-------------- -Clinton-----Columbiana- .---- -----Coshocton----..
Crawford-...------Cuyahoga-------------------Darke
Defiance-------------Delaware --------Erie .--..-------------Fairfield----Fayette .-------------Franklin------Fulton--Gallia-..- --------Geauga...-------. ---Greene-----------Guernsey---- ----Hamilton -----------Hancock_--------Hardin-----------Harrison------------Henry-.----------Highland---------Hocking--------Holmes-------------Huron---------------Jackson------------
Amount
1
-
13. 2
-lI-------
1,407
7, 762
3, 283
8, 506
4,595
3,147
9, 740
1,558
13, 233
1,490
2, 714
10, 168
3,119
2, 339
11,252
3,112
4, 488
123, 942
3,327
2, 562
2,591
5, 719
4, 789
2,012
41, 790
2, 219
1,457
1,229
3,385
5,051
64,010
4, 908
2, 809
1,949
2,083
2, 595
1,841
1, 232
4,329
2,916
8,541
3,468
5,804
3, 965
7, 590
3,483
14,056
44, 814
1,653
27, 944
5, 597
3,419
2, 316
2, 030
6,437
1,252
34, 325
929
1, 120
8, 573
1,100
2, 630
1, 294
3, 528
2, 077
770
4, 936
2,147
2,156
8, 009
1. 7
11.3
3.3
19. 6
2.5
5.4
4.0
.3
8.8
7.0
5.3
8.6
1.2
2.4
7.2
3.4
4.6
24. 3
3.6
3.5
5.3
8.3
3.2
6.4
12.7
3.4
1.8
9.3
7.3
10. 5
4.7
5.4
2.0
1.7
7.7
8
7.4
4.2
4.8
2.3
5.4
6.7
16.1
8.0
10. 8
47
22. 0
19.1
4.9
25.8
13.4
5.7
3 5
48
5.0
2.6
21.2
1.9
3.7
8.7
1.5
7.4
1.8
4.9
1.7
1.2
6.1
2.9
4.1
3.8
198
ANNUAL REPORT OF FEDERAL
HOME LOAN BANK BOARD
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. 0. L. C. by counties as of June 12, 1936-Continued
OHIO-Continued
dAp
Loans closed
and
n sejwcted
Owned nonfarm homes
Number
applica
tions received
Number
Percent
Number
Ross----------------.
350
Sandusky.-----------.
817
Scioto _------------ 1, 752
Seneca.-----..
------526
Shelby- .---------384
Stark---------------7,510
Summit-----... ..
--17,144
Trumbull---------4, 710
Tuscarawas------ 1, 600
Union ...----- -------224
Van Wert- .--------- 267
Vmton--..----------25
190
457
1, 005
291
164
3, 786
9, 657
1, 885
997
100
136
14
54.3
55.9
57.4
55.3
42.7
50. 4
56.3
40. 0
62.3
44.6
50. 9
56.0
160
360
747
235
220
3, 724
7,487
2,825
603
124
131
11
$380, 302
960, 567
2, 039, 945
616, 891
536, 047
10,826, 309
22, 189, 597
7, 558, 767
1, 411, 947
230, 043
251, 377
19,719
4, 021
5,190
7, 701
5,600
2, 378
29, 720
44, 595
14, 288
9, 409
1,924
2, 908
792
4.0
6.9
9. 7
4. 2
9.3
12. 5
16.8
19. 8
6. 4
6.4
4.5
1.4
106
209
315
101
320
51
67.1
60.1
59.3
46.5
47. 0
47.7
52
139
216
116
361
56
119, 573
347,378
549, 054
231, 570
958, 971
89, 484
2, 547
4, 717
5,483
2, 808
5, 745
1,965
2. 0
2. 9
3.9
4.1
6.3
2. 8
$54,379,830
149,483
County
Warren..- ---------Washington..--------Wayne----------------Williams --.--------Wood
.---------------Wyandot---------
158
348
531
217
681
107
Amount
Number
Percent
mortgaged
to H. O.
L. C.
OKLAHOMA
State total...--..
Adair..--- ....
--------Alfalfa.--------------Atoka .-------------.
Beaver----------Beckham ----------Blaine--..---------Bryan
....--------Caddo ----------Canadian ---------.
Carter--------------Cherokee .----------..
Choctaw ------..-----Cimarron---- ---------Cleveland -------Coal.--------------Comanche ---------Cotton.--- ------------Craig...
- ---------Creek--------------.Custer ------------Delaware ----------Dewey--...----------Ellis --..------------.
.
Garfield.------------Garvin------------------- ---Grady ---Grant----------------Greer----------Harmon------ -Harper- ---------Haskell .----- ------Hughes --------------Jackson --------------Jefferson ----------Johnston -- ------ -------------Kay---Kingfisher ---------------------Klowa---....
Latimer...--- ----- ----Le Flore------------------Lincoln..----------------.
Logan...--Love
------.
McClain.....--------McCurtain- --McIntosh ..----...- Major
_--------Marshall ............
-------
38, 369
132
215
54
92
473
113
491
444
467
702
57
208
82
473
31
443
71
101
711
378
33
62
90
1, 227
269
686
206
253
169
93
102
413
449
118
46
1, 213
79
326
34
206
250
326
37
- 120
92
116
145
90
14,409
37.6
23,960
90
72
37
37
152
63
239
165
159
227
30
107
36
139
16
165
43
73
302
157
23
39
45
291
108
226
141
104
72
51
47
153
118
62
29
434
48
146
23
144
125
182
19
55
52
53
71
48
68. 2
33. 5
68.5
40. 2
32.1
55.8
48.7
37. 2
34.0
32.3
52.6
51.4
43.9
29.4
51.6
37. 2
60. 6
72.3
42.5
41.5
69.7
62.9
50.0
23. 7
40.1
32.9
68. 4
41.1
42. 6
54. 8
46.1
37. 0
26. 3
52. 5
63.0
35. 8
60.8
44.8
67. 6
69.9
50.0
55.8
51.4
45. 8
56. 5
45. 7
49. 0
53. 3
42
143
17
55
321
50
252
279
308
475
27
101
46
334
15
278
28
28
409
221
10
23
45
936
161
460
65
149
97
42
55
260
331
56
17
779
31
180
11
62
125
144
18
65
40
63
74
42
45,299
221.828
22,933
81,985
501,004
67,854
450,322
440,445
556,832
792.128
37,242
125,688
59,856
865, 288
29,955
534,883
42, 328
45,579
712,082
421,907
7,652
29, 558
64, 311
1,983,071
291, 599
922,153
80, 353
284,432
181,816
57, 500
57,856
540,491
616, 284
68, 352
20, 312
1,807, 660
43, 574
282,026
10,538
68,409
171,390
274,415
24, 452
109, 387
61, 613
45,155
97, 891
53, 361
429
944
382
377
1,545
1,058
1,446
2,056
1,859
2,990
460
956
255
1,520
543
1,943
579
793
4,122
1, 556
272
523
479
4,659
1, 513
2,632
841
980
464
330
495
1,495
1,577
861
501
4, 564
931
1,500
422
1, 586
1,640
2,221
290
684
934
678
527
398
16.0
9.8
15.1
4.5
14. 6
20. 8
4.7
17.4
13.6
16. 6
15.9
5. 9
10.6
18. 0
22. 0
2.8
14. 3
4.8
3.5
9.9
14.2
3.7
4.4
9. 4
20.1
10. 6
17. 5
7. 7
15.2
20. 9
12. 7
11. 1
17. 4
21.0
6. 5
3. 4
17.1
3. 3
12.0
2. 6
3.9
7.6
6. 5
6. 2
9.5
4. 3
9. 3
14. 0
10. 6
ANNUAL
REPORT OF
FEDERAL
HOME
LOAN
BANK
BOARD
199
Percentage analysis of refinancing operations completed and percent of owned non
fxrm homes mortgaged to H. 0. L. C. by counties as of June 12, 1936-Continued
OKLAHOMA-Continued
Loans closed
ejioitd
t
drawn and
Owned nonfarm homes
Number
applica
tions received
Number
Percent
Number
Mayes---------------88
Murray..------..-----152
Muskogee---------1,227
Noble-...----..--168
Nowata_.---------88
----------229
Okfuskee--Oklahoma ..-----.--. .
7,108
Okmulgee------------- 1,048
462
Osage .----------.....
436
Ottawa----- ------Pawnee --.-----... --.
224
Payne------..
-------.
.
579
53
82
368
79
46
114
2, 578
375
234
173
81
233
60. 2
53.9
30.0
47.0
52.3
49.8
36. 3
35.8
50. 6
39.7
36.2
40.2
35
70
859
89
42
115
4, 530
673
228
263
143
346
$81,123
105,930
1, 642,950
149,899
55,347
200,934
13, 386, 615
1,174, 043
402,458
392,864
184,254
695, 596
657
779
4,926
1,031
742
1,152
19, 757
4, 205
2,895
3,893
1,214
2, 553
5. 3
9.0
17. 4
8. 6
57
10 0
22.9
16. 0
7. 9
6. 8
11.8
13.6
544
534
1,137
59
105
238
626
55
516
297
283
7, 739
102
500
239
302
296
203
184
382
22
34
119
364
34
174
80
126
2,471
47
235
104
74
122
37.3
34. 5
33. 6
37. 3
32. 4
50.0
58.1
61.8
33. 7
26.9
44. 5
31.9
46.1
47. 0
43.5
24. 5
41.2
341
350
755
37
71
119
262
21
342
217
157
5, 268
55
265
135
228
174
535, 258
776,868
1, 576,854
44,129
99,109
181,742
590, 097
27,709
628,755
380,559
263,422
14,963, 226
59, 228
491,101
208,541
430,869
339, 301
3,112
1, 892
5,143
378
373
918
5,730
536
2,014
780
1,195
17,203
869
2,544
1,100
1, 168
914
11.0
18. 5
14. 7
9. 8
19. 0
13.0
4. 6
3. 9
17. 0
27.8
13.1
30.6
6. 3
10.4
12 3
19. 5
19. 0
County
Pittsburg .---------.
.
Pontotoc-.---------...
.
Pottawatomie .-----..
.
Pushmataha-.------.
.
Roger Mills.---.--....
.
Rogers ....
.---------.
Seminole-.---.---.----.
Sequoyah...---------.. .
Stephens ....--------.
Texas----......------Tillman.----------.---.
.
Tulsa ---------Wagoner---------Washington
_-----_-Washita---------------Woods----------------Woodward
-----
Amount
Number
Percent
mortgaged
to H. O.
L. C.
OREGON
State total--..Baker---.---. -------Benton-- ---- _-----Clackamas- .---....
Clatsop .-------------.
Columbia ...-------. .
Coos .---------------Crook-----------Curry ..
-....---------Deschutes- .--------.
Douglas ..-------Gilliam .-- --- ---------Grant--..---.--------Harney..
..---------. Hood River ---.------.
Jackson..--. ---------Jefferson -------------.2
Josephine.---------..
Klamath...--- ---- ----Lake-.----------------.
Lane--.---..
------Lincoln..----------...
.
Linn-------------Malheur----..
.--------.
Marion..---------Morrow...-------Multnomah..--------. .
Polk-----.. .
---------.
.
Sherman---.
.-------.
Tillamook .------- -Umatilla-..----. ------Union.....----------.
Wallowa-------------Wasco................
Washington---...-..
Wheeler---- --......
Yamhill--------------
16, 863
7,453
44.1
9, 410
$18, 554, 279
111, 762
8. 0
153
182
846
300
306
367
7
19
261
145
34
12
77
91
552
82
100
400
139
193
214
4
15
111
100
19
10
34
37
319
2
96
318
18
372
80
98
52
456
16
3, 279
84
4
82
154
168
48
81
204
3
61
53. 6
54. 9
47. 3
46.3
63.1
58.3
57.1
78.9
42. 5
69.0
55. 9
83.3
44.2
40. 7
57. 8
100.0
68. 6
46. 6
46. 2
48. 7
54. 4
47.8
55. 3
51.9
69. 6
36. 7
59. 6
66. 7
56. 2
62. 9
53. 8
57.8
54. 4
46. 3
75, 0
50. 0
71
82
446
161
113
153
3
4
150
45
15
2
43
54
233
0
44
365
21
392
67
107
42
423
7
5, 607
57
2
64
91
144
35
68
237
1
61
88, 704
176,337
840, 881
281,107
141,091
250,970
3,580
3,870
221, 494
74,059
14,577
2,011
70,997
84, 711
459, 417
0
53,785
709, 430
33,779
854, 898
78, 964
165, 369
55, 035
686, 555
10,907
11, 969, 299
72, 267
1,839
88,157
159,689
246, 572
39,085
104, 158
411, 027
800
98, 858
1,678
1,468
5, 605
2,467
1, 786
3,173
181
258
1, 623
1, 791
251
424
391
630
3,976
103
1, 284
2, 449
394
5, 407
951
2, 097
621
6,236
303
53,173
1, 305
197
1,122
1,850
1,937
524
1, 310
2, 667
143
1, 987
4. 2
5 6
8. 0
6. 5
6. 3
4.8
1.7
1.6
9. 2
2. 5
60
.5
11.0
8. 6
5. 9
0
3.4
14 9
5. 3
7. 2
7. 0
5.1
6.8
6. 8
2.3
10.6
4 4
1.0
5.7
4. 9
7. 4
6. 7
5. 2
8. 9
.7
3. 1
140
683
39
764
147
205
94
879
23
8, 886
141
6
146
245
312
83
149
441
4
122
200
ANNUAL
REPORT OF FEDERAL HOME
LOAN BANK BOARD
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
PENNSYLVANIA
Owned nonfarm homes
Loans closed
dApwn and eswcted
Number
County
State total-...-.
Adams-...-......-- ....
Allegheny...-----...
--.
Armstrong......-----Beaver-...----.....-...
Bedford -------Berks ---......-..-....
Blair- ......----------.
Bradford.....--......
Bucks....---------Butler--..--...... ..
Cambria.....-----....
Cameron -------_.--Carbon------------...
Centre---.......--.._-Chester-.......-------Clarion_-----Clearfield .....Clinton--....-.
.---Columbia-.....------Crawford..---------...
Cumberland..----......
Dauphin-------........
Delaware
-----Elk-------Erie--------..............
Fayette....---------...
Forest.--.------.---.
Franklin--.............
Fulton- -----Greene-----...------.........-Huntingdon- --......
Indiana-- -----Jefferson..... .---Juniata------ -Lackawanna ---...-Lancaster------Lawrence_-----Lebanon-------Lehigh--....-----....
Luzerne..
----------Lycoming-------McKean.------Mercer--------Mifflin....-----Monroe....----------Montgomery -... --Montour---------Northampton -------NorthumberlandPerry .---. -------Philadelphia... ----Pike_-------Potter-----------Schuylkill.....
Snyder---------Somerset.-------.--...
Sullivan.------------Susquehanna..------Tioga-- --Union--......_......Venango.------Warren ...----......
Washington ---........
Wayne -----............Westmoreland- ......
Wyoming-....----York
--.....
-----
applica
tions received Number
-
121,483
119
23, 413
694
3,184
118
2, 825
2,077
153
1,158
888
2, 787
28
424
254
1, 534
126
1,215
326
346
444
339
1,875
4, 297
146
3,204
2,377
11
82
8
469
195
698
460
9
3, 704
1, 153
1, 768
208
2, 119
3,569
1, 578
428
1, 265
189
306
2, 859
36
1, 863
748
23
31,385
44
45
2,023
119
584
17
279
131
55
600
756
2,305
149
4,428
57
407
1
I-
62,687
--
78
11,725
381
1, 602
83
1,622
964
92
587
438
1, 075
23
261
114
746
67
484
178
143
237
189
994
2,560
83
1,291
1,273
9
53
6
201
128
383
183
3
1,717
575
642
134
1, 238
2,044
615
277
718
113
180
1,851
19
927
454
13
16, 539
26
28
960
62
252
11
212
88
44
402
433
1,018
63
2,462
37
277
Percent
1-I
51.6
---
65. 5
50.1
54. 9
50. 3
70.3
57. 4
46.4
60.1
50. 7
49. 3
38. 6
82.1
61.6
44.9
48.6
53 2
39.8
54.6
41.3
53.4
55.8
53.0
59.6
56. 8
40.3
53. 6
81.8
64 6
75 0
42.9
65. 6
54. 9
39.8
33 3
46 4
49.9
36.3
64.4
58.4
57.3
39.0
64. 7
56.8
59 8
58.8
64. 7
52.8
49.8
60.7
56.5
52.7
59.1
62.2
47.5
52 1
43.2
64.7
76.0
67.2
80.0
67.0
57.3
44.2
42.3
55.6
64 9
68.1
Number
I.I
58,796
41
11,688
313
1,582
35
1,203
1,113
61
571
450
1, 712
5
163
140
788
59
731
148
203
207
150
881
1,737
63
1,913
1,104
2
29
2
268
67
315
277
6
1,987
578
1,126
74
881
1, 525
963
151
547
76
126
1, 008
17
936
294
10
14, 846
18
17
1, 063
57
332
6
67
43
11
198
323
1,287
86
1,966
20
130
Amount
I-I
Number
$167,014,200
-
--
86, 436
42, 443,774
624, 617
4, 375, 658
54,130
3, 478,366
2,787, 250
149, 758
1, 482, 884
1, 323, 489
4, 447, 671
13,531
453,032
321, 351
2, 403, 593
113, 767
1,392, 400
291,704
343,333
629,466
452, 691
2,361, 545
6,430,079
147,069
5, 599, 664
2, 352, 632
3,149
60,184
3, 559
643,326
122, 773
692, 178
493,888
10,238
5, 701, 641
2,005,566
3, 088, 582
164,933
2, 881, 632
4,698, 793
2,604,121
415, 853
1, 295, 665
148, 520
383,805
3, 477, 791
30,537
2, 579, 163
722, 642
17, 932
36, 705, 047
46, 538
22,602
2, 689, 060
117, 076
662, 692
12, 548
147,466
80,019
31,377
686,398
777, 660
3,006,154
217,898
4,685, 929
40, 074
279, 301
1,056,649
-I-
3, 531
137, 719
7,156
16, 733
3,127
31,866
18,083
5,173
11,768
8, 255
17, 829
619
6, 660
5, 008
12,299
3, 690
9,464
3, 533
5,256
6,268
8, 595
19,996
39, 516
3,434
19,967
14,578
455
6, 556
517
2,593
3,713
5,844
5, 481
1, 369
32, 375
22, 758
11,667
7,661
21,874
42, 959
11,467
6, 749
11, 317
4,122
3, 214
36, 692
1,319
19,137
13,968
2,143
232, 591
1,083
1, 837
24,538
2,035
6,171
609
3,028
3, 060
1,958
7,634
5,078
17,411
2,530
29, 226
1, 539
20, 248
Percent
mortgaged
toL . .
L. C.
I---
5.6
1.2
8.5
4.4
9.5
1. 1
3. 8
6.2
1.2
4.9
5.5
9.6
.8
2.4
2.8
64
1.6
7.7
4.2
3.9
3.3
1.7
4.4
4.4
1.8
9.6
7.6
.4
.4
.4
10.3
1.8
5.4
5.1
.4
6.1
2.5
9.7
1.0
4.0
3.5
8.4
2.2
4.8
1.8
,3.9
2.7
1.3
4.9
2.1
.5
6.4
1.7
.9
4.3
2.8
5.4
1.0
2.2
1.4
.6
2.6
6.4
7.4
3.4
6.7
1.3
.6
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
201
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
RHODE ISLAND
dAppwn and eected
County
Loans closed
Owned nonfarm homes
_
Number
applica
tions received
Number
Percent
Number
12,338
6,220
50.4
6,118
$24,700, 721
64, 480
9.5
516
1, 302
474
9, 760
286
321
725
208
4,770
196
62.2
55. 7
43.9
48.8
68.5
195
577
266
4,990
90
630,101
1, 960, 884
1,058,424
20,741, 077
310, 235
2, 682
6,376
4, 596
47, 361
3,465
7.3
9.0
5.8
10. 5
2.6
$13,299,389
55, 707
10. 2
77, 807
250,455
36,580
209,696
128,964
70, 264
149,943
14,413
40,063
1, 557, 890
236,339
225, 378
165, 712
76,034
43,266
337, 088
53, 527
125, 225
62, 072
66,936
648,949
130, 718
666
1,722
332
2, 166
521
510
1,135
654
304
5, 729
988
1, 003
1,004
336
647
1,301
624
856
361
389
2,052
1,305
4. 2
6.8
6.6
3.9
11.3
6. 9
4.7
1.5
5. 6
9.3
14.5
12. 8
8.2
9.8
3.7
13.1
5.8
7. 5
8. 0
7.2
14.6
51
147,591
804
7.1
State total---...
Bristol---------Kent--. -----Newport---- ------Providence.----------Washington------------
Amount
Number
Percent
mortaged
to H. 0.
L. C.
SOUTH CAROLINA
State total----
-
9,997
4,313
43.2
71
217
50
195
104
60
72
28
27
870
226
214
132
58
48
292
76
118
43
41
536
119
43
100
28
110
45
25
19
18
10
335
83
86
50
25
24
122
40
54
14
13
237
53
60. 6
46.1
56.0
56.4
43. 3
41.7
26.4
64.3
37. 0
38. 5
36 7
40. 2
37.9
43.1
50.0
41. 8
52. 6
45. 8
32. 6
31.7
44. 2
44. 5
1,076
157
39
44
9
284
73
122
40
139
24
144
565
68
20
20
8
121
32
64
14
49
11
71
48
52.5
43.3
51.3
45. 5
88.9
42.6
43.8
52. 5
35 0
35 3
45.8
49. 3
'45.7
Newberry------ 130
Oconee --------------102
Orangeburg..-----..-360
Pickens-----------78
Richland -------1,275
Saluda ..------------65
Spartanburg .-------- 1, 137
Sumter..-----.
-------. .
319
Union...---.--------.
.
119
Williamsburg..------ . 72
York---------.---------.
487
66
66
167
30
501
46
462
114
37
41
158
50.8
64.7
46.4
38. 5
39. 5
70.8
40. 6
35. 7
31.1
56.9
32.4
Abbeville -----..... ---Alken---------------Allendale---. .--------.
Anderson------------Bamberg..-----------. .
Barnwell..------------.
Beaufort---......
------Berkeley------ ------Calhoun .--- --------...
Charleston--------...
.
Cherokee-.---- ------. .
Chester ---- ---------Chesterfield..--------..
.
Clarendon------------Colleton- -----------Darlington..-------..
-Dillon.....--- ---------.
Dorchester---....------.
Edgefield--------------Fairfield--------------Florence.----- ----Georgetown--....-----.
Greenville
--......----Greenwood-------....
Hampton- --------... .
Horry....--- ------..
..
Jasper _---_ ----- ----.
Kershaw....--- ------Lancaster....--- -----. Laurens---------- --Lee-------------------Lexington...------.
.
McCormick .-----...- .
Marion -------------
Marlboro...
----------
105
5,684
28
117
22
85
5935
53
10
17
535
143
128
82
33
24
170
36
64
29
28
299
66
511
89
19
24
1
163
41
58
26
90
13
73
57
64
36
193
48
774
19
675
205
82
31
329
1,405,524
237, 768
30, 514
66,184
866
340,285
102, 786
100, 725
51,647
126, 647
19, 407
144,922
135, 401
47, 769
370,364
108, 895
2,378, 648
33, 783
1, 443, 666
467, 677
139,241
67, 472
624,289
4,691
956
449
696
221
1,066
534
988
401
1, 304
177
1,012
971
686
1, 801
792
4,789
217
3, 946
1, 543
796
429
1,833
10.9
9.3
4.2
3.4
.5
15.3
7. 7
5.9
6.5
6.9
7.3
7. 2
66
5. 2
10.7
6.1
16.1
8.8
17.1
13. 3
10.3
7. 2
17.9
202
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1986-Continued
SOUTH DAKOTA
County
State total......
_
applica
tions received
Number
9,296
0
50
Aurora--....--------564
Beadle----...------37
Bennett---------- .
130
Bon Homme--- .......
199
Brookings----------806
Brown...----------73
Brule..-----------.
6
Buffalo......------....
42
Butte.-----------43
Campbell.-----.-------.
Charles Mix........
148
82
Clark......----------127
Clay-..----.391
Codington ------._-Corson..------------69
60
Custer.-------.---.-442
Davison------....-138
Day- ..----.------61
Deuel-...--------.---..
64
Dewey.........-------.
85
Douglas.-----.-----...
83
Edmunds.--.-----125
Fall River.......----.--..
77
Faulk--.....---...
94
Grant .------ ---105
Gregory.....-----.
Haakon
-----34
75
Hamlin..------------118
Hand.------38
Hanson_ --------5
Harding....--.......--.
136
.--------Hughes ..
151
Hutchinson----------38
Hyde......--------24
_-Jackson--.....-100
Jerauld.-----------.32
Jones --.-----------155
Kingsbury......-----------183
Lake-----------111
Lawrence ------..
136
Lincoln........----------54
....-----------...
Lyman
McCook----------102
91
McPherson ---------114
---Marshall-------..
72
Meade--.....-------22
-- -Mellette.
75
Miner...-------------1, 293
Minnehaha ---------103
Moody--------------.
514
Pennington .....--...
98
Perkins--......-86
Potter--- ...... _---144
Roberts .-----------68
Sanborn..----------4
Shannon---161
Spink ...
....-----23
...---Stanley-.....
37
Sully-----........---..
11
Todd....-----113
Tripp--------157
Turner.------108
Union....------209
Walworth...-----4
Washabaugh ..---0
Washington ......----.
183
Yankton .............
13
Ziebach---------Armstrong..----------
Percent
3,140
I'---- -.1-0
22
73
23
41
68
269
23
3
13
12
45
27
25
119
33
28
99
42
18
33
22
32
61
37
40
38
15
33
39
15
2
58
44
13
12
27
11
49
65
54
29
15
33
37
53
35
13
29
378
43
216
58
33
55
21
2
70
6
10
9
57
59
43
75
3
0
70
5
Number
33.7
--
6,156
1
Amount
j
0
44. 0
12.9
62.2
31. 5
34.2
33.4
31.5
50.0
31.0
27 9
30.4
32.9
19. 7
30.4
47.8
46. 7
22. 4
30.4
29. 5
51.6
25.9
38.6
48.8
48.1
42.6
36. 2
44.1
44 0
33.1
39.5
40. 0
42.6
29.1
34. 2
50.0
27. 0
34.4
31.6
35. 5
48.6
21. 3
27.8
32.4
40.7
46. 5
48.6
59. 1
38. 7
28. 5
41. 7
42.0
59.2
38.4
38.2
30.9
50.0
43. 5
26.1
27.0
81.8
50.4
37. 6
39.8
35.9
75.0
28
491
14
89
131
537
50
3
29
31
103
55
102
272
36
32
343
96
43
31
63
51
64
40
54
67
19
42
79
23
3
78
107
25
12
73
21
106
118
57
107
39
69
54
61
37
9
46
915
60
298
40
53
89
47
2
91
17
27
21
56
98
65
134
1
0
113
38. 5
38. 5
Owned nonfarm homes
Loans closed
and
drawn
rejected
Number
81
Number
$10,897,416
40
38, 758
1, 035, 226
9,936
137, 576
258, 814
1,109,831
68, 723
3, 673
46,807
38, 041
159, 277
86, 987
234, 646
471,441
47, 193
47, 645
676,886
130, 444
50, 620
27,483
85, 698
63, 634
86, 106
53, 079
87,190
94, 239
22, 589
57,219
108,387
33,064
4,741
154, 557
161,985
37, 709
12,333
100, 068
23, 500
147,043
228,986
88,127
167,138
40, 558
90, 623
71,355
77,160
52,916
8, 516
58, 197
2,066,926
93,324
515, 841
78,157
71,179
100,666
60, 746
2,349
140,403
24, 399
36,488
1,885
97, 737
143,155
105, 645
219, 655
894
0
234,354
6,889
39, 997
Percent
mortgaged
to H. O.
L. C.
15.4
_ ________________
___
0
316
1, 797
42
767
1,022
2,614
357
21
376
233
672
458
570
1,392
290
254
1,374
751
357
297
371
491
563
393
600
513
171
439
335
316
63
568
857
186
128
331
152
758
845
1, 548
850
235
578
452
394
398
121
400
4,605
539
1,439
252
346
637
347
71
873
95
116
120
379
885
586
672
30
19
904
66
8.9
27.3
33. 3
11.6
12. 8
20. 5
14 0
14.3
7.7
13.3
15. 3
1'2.0
17. 9
19.5
12.4
12.6
25.0
12.8
12.0
10.4
17.0
10 4
11.4
10.2
9.0
13.1
11.1
9.6
23.6
7.3
4.8
13. 7
12. 5
13.4
9.4
22.1
13. 8
14. 0
14.0
3.7
12.
16.6
11.9
11.9
15. 5
9.3
7.4
11. 5
20. 1
11.1
20. 7
15.9
15.3
14.0
13. 5
2.8
10.4
17. 9
23 3
1.7
14. 8
11.1
11.1
19. 9
33
0
12.5
12.1
ANNUAL
REPORT OF FEDERAL HOME LOAN BANK BOARD
203
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
TENNESSEE
dAppwn and rejeted
Loans closed
Owned nonfarm homes
Number
County
o
applica
tions received
State total....----
Percent
Number
Percent
Number
13, 760
Amount
Number
mortgaged
to H. O.
L. C.
24, 405
10, 645
43. 6
$31,033, 642
138, 660
99
Anderson .-----------.
5
Bedford---------- ---.
54
Benton.. -----------17
Bledsoe .------------13
Blount.--------------134
Bradley --------.-----65
Campbell---.---------36
Cannon-..--..------- .
5
Carroll-.--------------84
Carter--..------------.
344
Cheatham-..--------- .
12
Chester..-------.------54
Clalborne------------25
Clay--------------- ---6
Cocke----------------.
21
Coffee..-------------58
Crockett --------.----52
Cumberland---------.
46
Davidson- ---------.
3, 753
Decatur.------------.
34
DeKalb.-----.----. --36
Dickson.------------.
119
Dyer-...--------------235
Fayette---------------23
Fentress -----------..
18
Franklin--------------72
Gibson...---------.
207
Giles.--------.--------66
Grainger.------------13
Greene.---------------153
Grundy...----------..
12
Hamblen.---------116
Hamilton------------.
4,250
Hancock.--------.-----2
4
25
5
8
51
29
26
2
33
147
3
16
19
3
13
24
29
34
1, 501
15
20
34
107
15
13
34
110
24
9
90
9
47
1, 577
1
80.0
46. 3
29.4
61.5
38.1
44.6
72.2
40. 0
39.3
42.7
25.0
29. 6
76.0
50.0
61.9
41.4
55.8
73.9
40.0
44.1
55.6
28. 6
45. 5
65.2
72. 2
47.2
53.1
36. 4
69.2
58.8
75.0
40. 5
37.1
50.0
1
29
12
5
8336
10
3
51
197
9
38
6
3
/ 8
34
23
12
2,252
19
16
85
128
8
5
38
97
42
4
63
3
69
2, 673
1
2,157
60,182
14,498
8,408
139, 124
64,544
15, 802
5,073
98,567
401,544
18,872
55, 286
14, 198
3,649
22,810
57,233
36, 779
17,917
5, 463, 128
22, 334
25, 298
120,757'
221, 554
20,298
9, 439
77, 316
177, 385
70, 565
10,490
114, 004
5,520
152, 937
6, 498, 883
2,075
958
962
370
178
1,281
1,359
1,144
142
1,097
1,599
255
310
369
194
617
792
452
459
19, 536
274
381
890
1,249
264
268
1,011
1,998
770
224
987
592
1,051
12, 881
82
.1
3.0
3. 2
2.8
6. 5
2.6
.9
2.1
4 6
12 3
3. 5
12. 3
1.6
1.5
1.3
4.3
5.1
2. 6
11.5
6.9
4. 2
9.6
10.2
3.0
1.9
3.8
4.9
5. 5
1.8
6.4
.5
6. 6
20.8
1.2
Hardeman-----------39
Hardin----------------46
Hawkins-------------51
Haywood .------------91
Henderson -----------.23
Henry...-------------.
104
Hickman-.-.--------24
Houston...----- ---.. 19
Humphreys.-----.----17
Jackson..------....
--7
Jefferson-..--- -------..
76
Johnson--------------.
45
Knox-..-------------3,109
Lake.------------- ---42
Lauderdale---....
....
156
Lawrence.-------------88
Lewis--------------- .
32
Lincoln..-------.------69
Loudon- ---..------53
McMinn--..------ ---.
149
McNairy..-..-------- .
42
Macon ------------..
22
Madison ..----------..
504
Marion--..----------..
86
Marshall.-------59
25
23
25
32
10
30
9
8
11
5
23
18
1,262
18
86
23
7
28
33
64
23
20
235
29
21
64.1
50.0
49 0
35. 2
43. 5
28.8
37. 5
42.1
64. 7
71.4
30. 3
40.0
40. 6
42.9
55.1
26.1
21.9
40.6
62.3
43.0
54.8
90.9
46.6
33.7
35 6
14
23
26
59
13
74
15
11
6
2
53
27
1,847
24
70
65
25
41
20
85
19
2
269
57
38
27,058
20,631
46,778
115,926
26, 756
145,485
25, 713
11,901
16,173
3,140
82,945
43,470
4, 503, 767
30,846
107,939
136,847
22, 842
74,019
27, 525
139,754
25, 858
2,278
611,057
84, 626
61,466
620
442
559
496
420
1,247
395
227
408
89
540
318
12, 635
275
764
709
194
739
925
1, 869
556
268
2, 915
993
667
2 3
5 2
4.7
11 9
3.1
5.9
3.8
4.8
1.5
2.2
9.8
8. 5
14. 6
8.7
9.2
9.2
12.9
5.5
2. 2
4. 5
3.4
.7
9.2
5. 7
5. 7
20
6
0
26, 961
7, 830
0
296
160
45
6. 8
3. 8
0
Maury -------------.. Meigs--....---------Monroe --------------Montgomery-.--------Moore--..----------..
Morgan - ---Obion-.------------Overton__---------Perry--------- ---Pickett.....--------..
143
1
53
93
1
18
176
64
1
24
40
0
16
80
44.8
100.0
45.3
43.0
0
88.9
45.5
35
9
3
15
3
3
42.9
33. 3
100.0
79
0
29
53
1
2
96
163,401
0
49, 771
87, 745
1,546
3, 571
155, 599
,
1, 751
53
581
1, 358
68
487
1, 542
4. 5
0
5.0
39
1.5
.4
6. 2
204
ANNUAL REPORT
OF FEDERAL
HOME
LOAN
BANK
BOARD
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
TENNESSEE-Continued
drawn and rejti t-d
Loans closed
Owned nonfarm homes
Number__
County
applica
tions received
Number
Percent
Number
Amount
Number
Percent
mortgaged
to 1. O.
L. C.
Polk----...
.---------.
.
30
Putnam- ------------77
Rhea------------------58
Roane- ..-.-------..
.
135
Robertson ------------121
Rutherford..----------.
233
Scott ---------------..
24
Sequatchie-----------...
3
Sevier ........--------14
Shelby..-------------5, 930
Smith .---------------25
Stewart- ..-- ....---11
Sullivan--------------505
Sumner----------83
Tipton...-------------76
Trousdale- .-- ---....-15
Unlcoi------- -------203
Union ------..----.
3
Van Buren--......-0
Warren-......-------..
74
Washington ..-----.
813
Wayne --11
..---------Weakley.------97
White----------------13
Williamson-...------ . 90
Wilson_---------136
25
29
25
69
31
54
12
3
4
3, 090
16
4
252
48
40
6
62
2
0
33
309
8
37
8
35
52
83.3
37. 7
43.1
51. 1
25. 6
23. 2
50.0
100. 0
28. 6
52.1
64. 0
36.4
49.9
57.8
52 6
40 0
10. 5
66. 7
0
44. 6
38 0
72.7
38. 1
61.5
38.9
38. 2
5
48
33
66
90
179
12
0
10
2,840
9
7
253
35
36
9
141
1
0
41
504
3
60
5
55
84
$6,664
78,119
34,659
116, 566
183,167
394, 615
18,041
0
18, 774
6, 701, 907
7, 440
12,197
659, 416
65,409
58, 373
17,681
259, 250
450
0
81, 770
1,020, 435
5,951
92, 266
4,870
127,932
147,840
558
932
762
1, 620
1,015
1,165
661
123
408
26, 591
419
330
3, 388
1,040
724
174
906
65
32
689
2,803
298
1,218
424
687
1, 031
.9
5. 2
5.3
4. 1
8 9
15. 4
1.8
0
2. 5
10. 7
2.1
2.1
7. 5
3.4
5.0
5 2
15. 6
1.5
0
6. 0
18. 0
1.0
4.9
.2
8 0
8.1
TEXAS
State total .
Anderson --....-Andrews
....--------Angelina
_---------Aransas._-------_
Archer------------Armstrong._------Atascosa -------------.
Austin -------_
__
Bailey.....------.
Bandera -----.......--.
Bastrop,------.........
Baylor .-----.Bee ----------Bell_--------Bexar-..------__
Blanco------------Borden-......-.Bosque------Bowie ..------------Brazoria
-----Brazos
---Brewster ------Briscoe-------------Brooks -.-Brown.- ----Burleson-------Burnet____----Caldwell -------..
Calhoun ------Callahan-----------Cameron..........--Camp----------Carson-..-....-.....
Cass -__---------Castro
-------Chambers--.....-Cherokee-...--Childress...-------Clay-------------
76,537
32,180
42.0
44,357
$103,208,775
374,755
11.8
121
78
64.5
43
92,002
1,705
2.5
2
183
24
28
19
82
30
14
6
53
60
76
485
9,973
12
0
46
1, 012
94
158
112
56
12
471
23
30
168
10
94
1,412
34
56
47
23
12
380
248
61
2
100.0
92
50.3
23
95.8
16
57.1
2
10.5
48
58.5
20
66.7
12
85.7
4
66.7
36
67.9
31
51 7
44
57 9
226
46 6
2,886
28 9
6
50.0
0 ..----..
25
54.3
336
33 2
70
74.5
74
46.8
35
31.3
18
32 1
7
58.3
187
39.7
17
73.9
18
60.0
77
45.8
4
40.0
42
44.7
701
49.6
25
73.5
37.5
21
29
61.7
10
43.5
12
100.0
190
50. 0
32.3
80
28
45.9
0
91
1
12
17
34
10
2
2
17
29
32
259
7,087
6
0
21
676
24
84
77
38
5
284
6
12
91
6
52
711
9
35
18
13
0
190
168
33
0
190,608
522
9, 635
33,729
42,870
20,379
3,407
1,163
35,910
54,840
59,164
612, 278
17,066,908
8,381
0
30,862
955, 956
41,810
188,
031
182,257
56,682
6,883
657,012
15,039
13,695
137,613
11,079
76,072
1,790,820
14,993
52,183
15,153
21,766
0
385, 277
329,209
41,899
31
1,213
202
502
154
590
824
99
145
1,215
410
721
3,029
28,351
91
10
857
3, 070
1,334
1,254
515
236
298
2,057
690
455
1,535
311
692
4,541
384
431
689
166
335
1,475
1,002
640
0
7.5
.5
24
11.0
5.8
1.2
2.0
1.4
1.4
7.1
4.4
8. 6
25 0
6.6
0
2.5
22. 0
1.8
6.7
15.0
16.1
1.7
13.8
.9
2.6
5.9
1.9
7.5
15.7
2.3
8.1
2.6
7.8
0
12.9
16 8
5.2
ANNUAL REPORT OF FEDERAL
205
HOME LOAN BANK BOARD
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
TEXAS-Continued
Loans closed
and rejected
dApwn
County
CountyT
Owned nonfarm homes
Number
applire
tions
Percent
ceived
Number
Percent
Number
.
.
Amount
Number
mortaged
toH. O.
L. C.
...
Cochran --------------3
15
Coke.---------------.---------.-242
Coleman
Collin
-------142
Collingsworth..-----83
Colorado-.------------49
Comal....------------.73
Comanche------------43
Concho .
--------
20
Cooke-----------------200
Coryell------22
61
Cottle....-----------.
Crane----------------0
Crockett -------------20
Crosby..-----------63
Culberson,--4
Dallam -----------205
Dallas-------8, 838
Dawson .-------------117
Deaf Smith
..-------..
77
Delta....
-.--------68
Denton.--.------- -298
DeWitt -...------142
Dickens.--------------.
57
Dimmit.....
------109
Donley---.----------.
.
91
Duval---------------23
Eastland --------275
29
Ector..----------- Edwards ------------.29
Ellis.
-------300
El Paso-...-------2, 243
Erath----------87
Falls--------------_
_
131
Fannin ----------110
Fayette..-----------11
51
Fisher ...Floyd...-----------.
114
Foard_-----------40
Fort Bend ..---------43
Franklin- ..----- --28
Freestone--- -----86
59
Frio .---------------.Gaines...--------.--11
Galveston..---------. 622
Garza...---------_
14
Gillespie ..--------70
1
Glasscock---Goliad
--------19
Gonzales -----------80
Gray-..-------------210
Grayson.------------783
Gregg...-------------71
41
Grimes..-------------Guadalupe-----------65
362
Hale....--------------.
Hall.
---------136
Hamilton .--------_39
Hansford.-----------64
Hardeman ------------ 111
Hardin...---------105
11,908
Harris..-------------Harrison ..-----------602
Hartley....-------.23
Haskell.. -------82
Hays----....
--------.
115
Hemphill ..-----------36
138
Henderson .---------.-.------. .
1,424
Hidalgo-----..
-----297
Hill-----------Hockley------..
------.
.
43
11
Hood -------------43246-38--- 14
0
11
104
74
35
25
13
28
13
87
12
22
0
9
30
2
68
3, 982
44
20
43
139
63
15
39
22
16
148
14
11
136
728
49
89
57
7
31
38
18
25
19
59
19
6
313
5
25
1
14
46
85
353
50
34
34
125
38
31
18
33
65
4, 721
360
9
34
59
21
102
719
122
16
9
0.0
73.3
43.0
52.1
42.2
51.0
17.8
65.1
65. 0
43.5
54. 5
36.1
45.0
47. 6
50.0
33. 2
45.1
37.6
26.0
63. 2
46.6
44. 4
26. 3
35.8
24. 2
69. 6
53.8
48.3
37. 9
45.3
32.5
56. 3
67.9
51.8
63.6
60.8
33.3
45.0
58.1
67.9
68. 6
32.2
54. 5
50.3
35.7
35. 7
100. 0
73.7
57. 5
40 5
45. 1
70.4
82. 9
52.3
34. 5
27.9
79. 5
28.1
29. 7
61.9
39. 6
59.8
39.1
41.5
51.3
58.3
73.9
50. 5
41.1
37. 2
81.8
mun
3
4
138
68
48
24
60
15
7
113
10
39
0
11
33
2
137
4,856
73
57
25
159
79
42
70
69
7
127
15
18
164
1, 515
38
42
53
4
20
76
22
18
9
27
40
5
309
9
45
0
5
34
125
430
21
7
31
237
98
8
46
78
40
7,187
242
14
48
56
15
36
705
175
27
2
$2,664
4, 137
279, 004
86, 534
76, 493
47,973
135,647
15, 560
9, 823
172, 965
16,018
98, 545
0
24, 253
52, 842
2, 481
274, 567
12,898, 277
120,115
130, 369
21, 726
308, 490
147, 769
68, 237
100, 572
133, 005
8,149
205, 596
26, 645
23, 089
267, 819
4,034,146
58,479
93, 200
79, 556
13,085
35,409
128, 952
45, 970
31, 508
10,715
52,126
61, 252
6, 106
801,903
12,915
65, 272
0
7,231
52, 736
232, 407
672, 965
48,395
17, 927
67, 853
477, 378
190,216
8, 276
73, 781
155, 073
88,175
19,141, 993
339, 142
33, 224
73,682
107, 817
26, 029
69, 577
1, 859, 862
329, 549
37, 214
2, 110
ume
62
190
1, 099
2,328
528
1,154
965
833
262
1, 529
644
368
152
257
464
78
602
30, 065
451
389
462
2,093
1, 560
322
599
519
602
2,833
299
170
3,327
8, 026
1, 082
1, 447
1,971
1, 271
414
651
345
725
199
1, 046
519
113
5, 759
250
734
40
290
965
1, 693
5, 745
950
769
1, 043
1, 376
895
659
263
878
1,384
34, 573
2,536
122
725
852
312
964
4,617
2, 223
266
292
mrgae
4.8
2.1
12.6
2.9
9.1
2.1
6.2
1.8
2.7
7.4
1.6
10.6
0
4.3
7.1
2.6
22. 8
16.2
16.2
14. 7
5.4
7.6
5.1
13.0
11.7
13.3
1.2
4.5
5.0
10. 6
4.9
18.9
3.5
2.9
2.7
.3
4.8
11.7
6.4
2.5
4.5
2.6
7.7
4.4
5.4
3.6
6.1
0
1.7
3.5
7.4
7.5
2.2
.9
3.0
17. 2
10.9
1.2
17. 5
8.9
2.9
20.8
9.5
11.5
6.6
6.6
4.8
3.7
15.3
7.9
10.2
.7
206
ANNUAL REPORT OF FEDERAL HOME
LOAN BANK BOARD
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
TEXAS-Continued
Applications with
drawn and reectd
Loans closed
Owned nonfarm homes
Number
County
applica
tions received
Number
Percent
mortgaged
to H. 0.
L. C.
Percent
Number
9
14
31
81
10
3, 742
9
158
418
177
40
121
26
0
5
152
22
53
46.9
30
55.6
97
40.1
5
62.5
177
36.0
1
100.0
7
77.8
12
85.7
20
64.5
43
53.1
10
100.0
1, 663
44.4
9
100 0
70
44. 3
153
36.6
86
48. 6
21
52.5
47
38. 8
14
53.8
0 ---------4
80.0
43
28.3
15
68.2
60
24
145
3
314
0
2
2
11
38
0
2,079
0
88
265
91
19
74
12
0
1
109
7
$86, 687
55,566
306,327
7,432
512,186
0
1,519
1,341
22,427
79,091
0
5, 376, 396
0
170,756
433,855
172,325
27,503
114, 021
25,125
0
3, 559
196,068
10,964
1,017
740
1,537
92
3,075
1,121
159
477
368
789
162
12,551
326
753
2,480
1,409
683
1, 882
320
18
120
780
231
5.9
3. 2
9.4
3.3
10. 2
0
1. 3
.4
3.0
4. 8
0
16. 6
0
11.7
10.7
6.5
2.8
3 9
3.8
0
.8
14.0
3.0
King--.---------------0
Kinney------- -----11
Kleberg------ ---------249
Knox--...........-----34
Lamar ---.---.------221
Lamb...------------.
78
Lampasas.----------30
La Salle-..---------- --37
Lavaca..-------------.51
11
Lee.----------------Leon----- ------..
--34
95
Liberty-----------Limestone-.-------152
Lipscomb-------.-----.
40
Live Oak-----------.
106
Llano-..---.--------...
.
42
0
Loving-------.-------Lubbock--.--------873
Lynn ..---------... .
70
89
McCulloch.-----------McLennan-----------.
1, 261
0 --------7
63.6
118
47.4
12
35.3
25.8
57
40
51.3
17
56. 7
18
48.6
27
52.9
72.7
8
25
73.5
69.5
66
107
70.4
18
45.0
51
48.1
26
61.9
0 ----329
37. 7
50.0
35
44
49.4
39.9
503
0
4
131
22
164
38
13
19
24
3
9
29
45
22
55
16
0
544
35
45
758
0
4,882
221,786
27, 559
294,148
75, 213
19,247
43,415
42,526
7,650
16,861
58, 844
81,969
26, 768
57, 921
22,787
0
1,409,422
63, 767
84,430
1, 506, 558
17
252
934
534
2,481
582
555
571
1, 330
438
579
1,112
1, 945
317
287
336
10
2,858
413
759
7,466
2
1
6
9
7
18
96
15
23
84
40
0
58
38
4
15
14
10
55
152
4
175
489
1,811
1,624
11,207
12,145
12,408
31, 706
139, 820
18,150
33,095
205,109
88,189
0
109,470
48,043
9,835
20,132
17,018
21, 065
99, 371
281, 324
3, 398
365, 427
1,407, 234
56
298
354
189
246
1,091
617
648
290
591
1, 417
311
814
1,202
689
67
336
266
1,223
3, 297
321
1, 519
3,151
0
1.6
14.0
4. 1
6.6
6.5
2.3
3.3
1.8
.7
1.6
2.6
2.3
6.9
19.2
4.8
0
19.0
8. 5
5.9
10.2
3.6
.3
1.7
4.8
2.8
1.6
15. 6
2.3
7.9
14.2
2. 8
0
7.1
3.2
.6
22.4
4.2
3.8
4. 5
4.6
1.2
11.5
15.5
113,747
16, 222
30, 300
96,163
10, 531
367
93
1,283
1,473
409
14.7
10. 8
1. 3
3. 3
2.4
Hopkins.---------Houston. -.---------Howard--------------Hudspeth.----------Hunt--..-----------..
Hutchinson.---------.1
Irion---.. ------.-Jack--....----------Jackson-...--------- --Jasper.---------....
---Jeff Davis.------.-----Jefferson ----------- Jim Hogg-------------Jim Wells.---. ------..
.
Johnson.-----------...
Jones-....---------- ---Karnes----------------Kaufman-.---------..
.
Kendall..---------- --Kenedy..---. ---------Kent---. .-----.-------Kerr.---------------Kimble...-.....------.
McMullen .-------.
--Madison..-----.------Marion-..-----------Martin---- ---------Mason--------------Matagorda-.-----.----Maverick .-----------Medina-------------Menard------------------.
Midland -------Milam ---------------Mills.....-------Mitchell ...----- -----.
Montague..-------- .
Montgomery--------Moore..-----------....
--------..
Morris ...--Motley ... _----- ------Nacogdoches-.------..
Navarro..--------Newton---..--------Nolan--...---------Nueces.---------------
Ochiltree
------........
.
Oldham-- - - - __
Orange--..--..._
....-- _
Palo Pinto.......... __
Panola--------s-----
113
54
242
8
491
7
3
15
11
10
64
135
24
45
134
81
10
95
88
34
24
29
20
136
278
16
301
787
80
12
135
130
31
5
2
9
2
3
46
39
9
22
50
41
10
37
50
30
9
15
10
81
126
12
126
298
26
2
118
82
21
71.4
66.7
60.0
18.2
30.0
71. 9
28.9
37.5
48.9
37.3
50. 6
100.0
38.9
56.8
88.2
37.5
51.7
50. 0
59.6
45.3
75.0
41.9
37.9
32.5
16. 7
87. 4
63. 1
67. 7
54
10
17
48
10
Amount
Number
ANNUAL
REPORT
OF FEDERAL
HOME
LOAN
BANK
BOARD
207
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936--Continued
TEXAS-Continued
dApw
County
Number__
applica
tions received
es ctedand
n
Number
Percent
Loans closed
Number
Amount
Owned nonfarm homes
Number
Percent
mortgaged
to H. O.
L. C.
Parker---------------76
Parmer------------26
48
Pecos-..------------..
Polk -------------22
Potter-.---.------- 1, 550
Presidio ------------62
Ranms- ..------1
Randall.--- ---------239
Reagan.--------------8
Real..
----------20
Red River.-----------49
Reeves....--------. ---54
Refugio---- -----------2
Roberts--....------.
15
45
Robertson.-- ----------41
Rockwall ------------Runnels--------------160
Rusk...------------19
Sabme -------------8
San Augustine-----45
San Jacmto-------.----9
San Patcilo------...
159
San Saba....-------.. 61
Schleicher.-----..
-----15
Scurry9--- --------93
Shackelford
.--.------.
.
33
Shelby....----------.
127
Sherman ....--------.
.
21
Smith .....-------..
-.
236
Somervell -----------20
Starr......---------.
30
Stephens --------76
Sterling --------4
Stonewall-.- ---......
6
Sutton.....---------.
7
Swisher ...----- ---.
..
56
Tarrant---..
.------.
.
5,501
Taylor.-------------786
10
Terrell....------------.
Terry.--------.-------.
69
Throckmorton--.....- .
11
Titus----------47
Tom Green--------..
.
866
Travis.
--------1, 588
Trinity. -----5------1
Tyler- .------------.
.
15
Upshur-...-- -----...
27
Upton----------------.
32
Uvalde.-----------.....
169
Val Verde----...
------339
Van Zandt-.-- ------. .
39
Victoria..
-----------.
69
Walker----.....-------74
Waller ---------------12
Ward---...
.----------.
.
6
Washington ...------.
.
36
Webb-----.---------.
.
711
Wharton---.--------.
.
70
Wheeler---------------.
144
Wichita...-------- -1, 516
Wilbarger---....------200
Willacy------ --------49
Williamson...-------. .
232
Wilson....----- -------.
66
Winkler--..- --------...
1
.
78
Wise.-------- --......
Wood-----------49
Yoakum----- ,------2
Young-------- ---81
Zapata----..............
3
Zavala..............------91
35
12
23
13
427
33
1
82
5
17
30
29
2
5
36
24
65
12
6
19
7
73
24
5
52
18
63
9
137
10
24
49
1
5
2
18
2,717
321
1
32
11
21
283
730
31
11
24
22
81
134
23
42
33
11
5
21
311
48
36
715
91
24
90
32
1
54
32
1
46
2
57
46.1
46.2
47. 9
59 1
27. 5
53.2
100.0
34.3
62.5
85.0
61.2
53.7
100.0
33.3
80.0
58. 5
40.6
63. 2
75.0
42. 2
77. 8
45.9
39. 3
33. 3
55. 9
54. 5
49.6
42.9
58.1
50.0
80.0
64. 5
25.0
83.3
28.6
32.1
49.4
40.8
10. 0
46. 4
100.0
44. 7
32 7
46.0
60. 8
73.3
88.9
68.8
47. 9
39.5
59. 0
60. 9
44. 6
91.7
83.3
58.3
43. 7
68. 6
25. 0
47. 2
45. 5
49.0
38.8
48. 5
100. 0
69. 2
65.3
50.0
56.8
66.7
62.6
41
14
25
9
1,123
29
0
157
3
3
19
25
0
10
9
17
95
7
2
26
2
86
37
10
41
15
64
12
99
10
6
27
3
1
5
38
2,784
465
9
37
0
26
583
858
20
4
3
10
88
205
16
27
41
1
1
15
400
22
108
801
109
25
142
34
0
24
17
1
35
1
34
$66,454
21,753
50,574
17,584
2, 859,595
72,022
0
354,516
3,981
5,205
23, 420
45,654
0
9,919
24, 629
18,161
143. 530
15, 853
4,608
56, 966
2,872
143, 960
45,309
16,826
68,067
21,406
131, 740
15,532
185,497
16, 012
7,828
34, 520
5,298
1,805
10,980
55,269
6,341,193
1,072,986
16,287
52, 765
0
51, 625
1,302, 562
2,008,418
28, 583
5,808
2,233
12, 311
149, 292
445,026
25,115
55,966
88,910
2,086
1,719
34,172
854,768
44,347
208, 219
1, 562, 648
198, 494
45,851
304,860
36, 369
0
32, 783
29, 877
630
58, 746
1, 458
43, 281
1,160
196
497
535
4,158
548
93
595
221
161
880
480
398
147
1,189
440
1,239
681
305
230
229
1,064
409
181
591
445
867
153
2,460
134
830
1,240
93
153
225
468
21,570
3,410
189
254
270
582
3,572
6,378
566
428
505
497
1,030
1,530
833
1,149
673
556
252
1,095
3,481
1,103
784
6,590
1,514
290
2,661
558
704
981
918
14
1, 295
171
724
3. 5
7.1
5. 0
1.7
27.0
5.3
0
26.4
1.4
1.9
2. 2
5.2
0
6. 8
.8
39
7. 7
1.0
.7
11.3
.9
8.1
9. 0
5. 5
6.9
3. 4
7.4
7.8
4. 0
7. 5
.7
2 2
32
.7
2. 2
8.1
12.9
13.6
4. 8
14.6
0
4. 5
16. 3
13.5
3. 5
.9
.6
2.0
8. 5
13.4
1.9
2. 3
6.1
.2
.4
1.4
11.5
2.0
13.8
12. 2
7. 2
8. 6
5.3
6.1
0
2.4
1.9
7.1
2.7
.6
4. 7
208
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgagedto H. O. L. C. by counties as of June 12, 1936-Continued
UTAH
dAp
Loans closed
and
wn rejected
Owned nonfarm homes
Number
County
applica
tions received Number
State total--...
Beaver--------------Box Elder-..--. -----.. .
.
Cache--...------......
Carbon-----------Daggett--- ------------Davis ---------------Duchesne .--- ------Emery--- --------Garfield----.---------Grand.----- ---------Iron.--..--.------ -- -Juab.-----------Kane--..---- --- --..
Millard..----..----Morgan.--------------Piute----------------Rich-.------------Salt Lake----------San Juan.-------.. ----.
Sanpete.------------ -----Sevier..------Summit-------- --Tooele-----------Uintah-----------Utah..----------Wasatch ---------Washington ------ --Wayne ------ _
Weber .-----.--------
14, 879
113
301
635
315
0
302
104
60
41
21
189
96
31
204
32
9
14
7,926
31
313
225
80
233
101
1, 549
104
169
6
1, 675
Percent
mortgaged
to H. O.
L. C.
Percent
Number
27.6
10, 749
$25, 035, 674
50, 730
21.2
72
183
463
184
0
169
57
20
23
6
124
55
10
91
14
3
6
6,221
9
187
115
33
157
64
1, 069
89
103
3
1,219
96,361
278,732
838, 401
372,359
0
400, 744
82, 525
24,041
31,116
6,695
263, 684
93,974
22, 010
121, 350
23, 328
5,606
6,821
16,181,147
11,361
250, 500
187,665
61, 737
323,103
116,321
2, 128, 718
173,886
153, 136
3,681
2,776,672
425
1,321
2,857
904
10
819
327
687
580
116
707
1,088
251
694
129
168
100
21, 576
205
2,416
1,408
816
846
344
4,636
548
710
203
5,839
16.9
13.9
16. 2
20.4
0
20. 6
17.4
2.9
4.0
5. 2
17. 5
5.1
4.0
13.1
10.9
1.8
6.0
28. 9
4.4
7. 7
8 2
4.0
18. 6
18.6
23 1
16 2
14.5
1.5
20 9
5.0
4,130
41
36.3
118
39.2
172
27.1
131
41.6
0 ------133
44.0
47
45.2
40
66.7
18
43.9
71.4
15
65
34.4
41
42.7
21
67.7
113
55.4
18
56. 3
6
66.7
8
57.1
1, 705
21.3
22
71.0
126
40. 3
110
48.9
47
58.8
76
32.6
37
36.6
480
31.0
15
14.4
66
39.1
3
50.0
456
27. 2
Amount
Number
VERMONT
State total-------
Addison-----------Bennington.------ -----Caledonia....-----..
.
Chittenden -----------Essex-..--------.----.
Franklin ...--------.. .
Grand Isle------------Lamoille --------------Orange-----. ---------.
.
Orleans
...----------------Rutland
Washington----------Windham------------Windsor ----------
2, 568
992
38.6
1, 576
$4,198, 932
31, 704
55
29
52. 7
26
56, 769
1, 256
2. 1
170
162
352
45
216
29
35
76
211
394
231
188
404
52
44
162
14
78
9
17
40
86
150
84
83
144
30. 6
27. 2
46.0
31.1
36.1
31.0
48.6
52.6
40.8
38.1
36.4
44.1
35. 6
118
118
190
31
138
20
18
36
125
244
147
105
260
354, 249
240,460
612,203
53,202
367, 465
37, 528
33, 744
55, 763
268, 022
608,180
424, 687
383, 773
702, 888
2, 520
1,961
4,206
536
2,425
235
799
1, 243
1, 619
4, 974
3,837
2,471
3, 622
4.7
6.0
4. 5
5.8
5.7
8. 5
2. 3
2. 9
7. 7
4. 9
3.8
4.2
7. 2
$37, 695, 415
.
152,126
773, 792
691, 218
8,009
75,306
70, 574
1, 804,439
391, 231
47, 77
199,332
3,759
51, 523
149, 230
8. 1
VIRGINIA
State total-...
Accomac_..-......--.
Albemarle-.-------Alleghany --........
--...........
Amelia-- .
Amherst -.......-...
Appomattox.------Arlington -----Augusta-...............
Bath....-------Bedford__------Bland---------Botetourt --------
21, 154
.
..
..
225
446
415
9
106
31
866
300
42
94
7
36
9,083
. . .
147
225
137
6
58
10
369
156
24
30
5
19
42. 9
.
65.3
50.4
33.0
66. 7
54. 7
32. 3
42. 6
52.0
57.1
31.9
71. 4
52.8
12,071
I-- .
78
221
278
3
48
21
497
144
18
64
2
17
2,911
2.7
3,062
2,082
129
782
182
4, 580
3,735
374
900
146
814
7. 2
13.4
2.3
6.1
11.5
10. 9
3.9
4.8
7.1
1.4
2.1
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
209
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
VIRGINIA-Continued
dAp
wn rejected
and
Loans closed
Owned nonfarm homes
Number __
County
applica
tions re-
ceived
Brunswick...--------89
Buchanan-------------26
Buckingham .--------.
10
Campbell.-------------751
Caroline ..--------22
--Carroll ------- -------68
Charles City .-----..5
Charlotte.-------.. --41
Chesterfield ----- ---296
Clarke..
------------43
Craig-...-- --- ---------6
Culpeper------ -------83
Cumberland
..--------.
11
Dickenson ----------.18.
Dinwiddie .---------447
Elizabeth City- .
--368
Essex----------------13
Fairfax....------------.
303
Fauquler.---------...
43
Floyd--------------14
Fluvanna ...-------.. .
14
Franklin_------....
.
32
Frederick .---- -------147
Giles .
--------74
Gloucester ....--------.
81
Goochland ------------5
Grayson.------------49
Greene---...--------..
7
Greensville -------.
-28
Halifax---------------141
Hanover --------------64
Henrico--.-------2,829
Henry ---------------170
Highland.-------------.
12
Isle of Wight----------15
James City-..-------31
King and Queen--..4
1
King George------King William --......
25
Lancaster.---------...
.
70
Lee -..-----------...
111
Loudoun--..
.-------..
70
64
Louisa-----------......
77
Lunenburg-----Madison ..-.--------.
.
14
Mathews----- . ----- . 58
Mecklenburg ------.--.
146
Middlesex---.-------.
40
Montgomery--.....
231
Nansemond
_------91
...--------35
Nelson
New Kent .. _----- 6
Norfolk --------_
4, 211
Northampton -------.
72
Northumberland .--..84
Nottoway....--. ---68
Orange----------------40
Page---...- ---------75
Patrick--...--------..
4
Pittsylvania,-...-----440
Powhatan...--.------..
8
Prince Edward--.......
48
Prince George---------316
Prince William --.....
60
Princess Anne---- ----.
199
Pulaski ---------------238
Rappahannock--.....- .
13
Richmond------------.
9
Roanoke------------1, 877
Rockbridge...----..
--..
175
Rockingham----....-...
264
Russell..---....-----....--.....
87
Percent
Number
Percent
Number
34
18
7
289
10
19
,
2
25
60
24
1
40
6
11
200
151
9
154
22
12
9
15
75
44
50
2
47
5
15
51.
29
986
44
9
11
22
3
1
9
41
69
40
28
29
10
25
53
23
119
58
21
3
1,847
38
22
31
34
33
3
207
6
24
130
41
101
92
10
4
530
82
112
62
38.2
69. 2
70.0
38. 5
45.5
27. 9
40.0
61.0
20.3
55.8
16.7
48.2
54. 5
61.1
44. 7
41.0
69.2
50.8
51.2
85.-7
64. 3
46.9
51.0
59. 5
61. 7
40.0
95. 9
71.4
53. 6
36. 2
45. 3
34.9
25.9
75.0
73. 3
71.0
75.0
100.0
36.0
58. 6
62.2
57.1
43.8
37. 7
71.4
43.1
36.3
57. 5
51. 5
63. 7
60.0
50.0
43. 9
52. 8
26. 2
45. 6
85.0
44.0
75.0
47.0
75.0
50.0
41.1
68.3
50.8
38.7
76.9
44.4
28. 2
46.9
42.4
71.3
55
8
3
462
12
49
3
16
236
19
5
43
5
7
247
217
4
149
21
2
5
17
72
30
31
3
2
2
13
90
35
1,843
126
3
4
9
1
0
16
29
42
30
36
48
4
33
93
17
112
33
14
3
2, 362
34
62
37
6
42
1
233
2
24
186
19
98
146
3
5
1, 347
93
152
25
Amount
$137, 629
22, 934
8, 722
1,424,007
32, 622
116,046
5, 996
43,002
588,282
34,128
10,688
110,521
7, 726
10,186
814,933
617,863
8,471
551, 432
75, 742
14,124
7,577
79,202
312,827
75,424
43,963
3,147
3,044
5,885
42,026
235,074
117,824
8,000, 270
329,077
3, 606
14, 797
25,428
3, 245
0
42,171
44, 621
70,957
88,009
100,012
77, 633
10,524
47, 780
216,914
39, 244
287,102
119,132
17,207
13,302
6,385, 738
100, 928
93, 338
102,790
13,905
60,820
2,319
679, 089
3,191
73,751
492,549
31, 702
342,043
392,095
7,226
9,839
4, 587, 257
260,408
484,877
53, 135
Number
mortgaged
to H. 0.
L. C.
463
128
491
5,027
378
500
246
327
2,349
377
116
750
235
247
2,577
2, 925
150
2, 649
1,056
87
179
453
1, 803
524
979
237
609
115
429
1,136
722
18,443
1,225
120
544
469
76
122
371
787
991
1, 281
705
421
277
442
776
380
2,201
2,032
478
244
18, 370
888
665
920
756
988
149 3, 998
166
627
1,055
924
962
1, 341
145
146
10, 773
1,668
2.446
508
11.9
6. 3
.6
9. 2
3. 2
9.8
1.2
4.9
10.0
5.0
4.3
5.7
2.1
2. 8
9.6
7. 4
2.7
5. 6
2.0
2.3
2.8
3 8
4.0
5.7
3 2
1.3
.3
1.7
3.0
7.9
4.8
10.0
10.3
2. 5
.7
1.9
1.3
00
4. 3
3. 7
4.2
23
5.1
11.4
1.4
75
12.0
4.5
5 1
1. 6
2.9
1.2
12.9
3.8
9. 3
4.0
.8
4.3
.7
5.8
1.2
3.8
17.6
2.1
10.2
10.9
2.1
3.4
12. 5
5.6
6.2
4. 9
210
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
VIR GINIA-Continued
Loans closed
dAppn andnseected
Owned nonfarm homes
Number
applicaercent
tions
re-
County
ceived
Percent
Number
Percent
Number
Amount
Number
mortgaged
to H. O.
L. C.
Scott.--------------Shenandoah...------Smyth..
---------Southampton------Spotsylvania-------Stafford------------Surry..----- ------ Sussex-..----------..
Tazewell-------------Warren-...--- ----Warwick--...- --------Washington..--------Westmoreland--------Wise------------Wythe----------York--- . ---------
53
139
46
54
68
32
26
48
166
86
557
477
19
463
105
11
33
89
25
29
57
21
21
22
77
43
270
193
11
266
63
5
62.3
64.0
54.3
53.7
83.8
65.6
80.8
45.8
46.4
50. 0
48. 5
40.5
57.9
57.5
60.0
45 5
20
50
21
25
11
11
5
26
89
43
287
284
8
197
42
6
$37, 715
96,137
64, 587
62, 572
32, 458
20, 562
6,141
55,979
236, 945
131, 170
845, 520
777, 629
18, 175
430,182
92,759
7,421
461
1, 549
1, 087
668
1,014
329
309
416
1,529
567
3, 562
2,487
420
2, 333
1,006
877
4. 3
3.2
1.9
3.7
1.1
3.3
1.6
6.3
5.8
7. 6
8.1
11.4
1.9
8.4
4.2
.7
541
222
41.0
319
1, 221,499
2,775
11.5
11.4
INDEPENDENT CITIES
Alexandria City--......
WASHINGTON
39, 539
18,101
45.7
21,438
$38,882,356
188,333
Adams-.-------------38
202
Asotin -------------Benton---------------90
Chelan---------879
Clallam---.--------495
Clark ------------694
Columbia --------.---41
Cowlitz_---------- 696
Douglas---------------62
Ferry------------6
Franklin-------71
Garfield
-----22
Grant
------27
Grays Harbor---1, 052
Island -------------68
110
Jefferson -------King -_------------16,365
Kitsap---------------469
Kittitas---------------101
--48
Klickitat---------..
-------621
Lewis------..
..
33
Lincoln .-------------.
139
Mason-------------.
Okanogan------------248
Pacific ------------- -213
Pend Oreille---------36
Pierce--------------4, 631
San Juan .------------.
31
737
Skagit--.-----------19
Skamania-------------2, 482
Snohomish----------4, 600
Spokane-----------83
Stevens ---------------745
Thurston..-----------.
29
Wahkiakum.---------351
Walla Walla --------1, 754
Whatcom ------------165
Whitman .----.-----1,086
Yakima-------------.
State total---...
29
104
54
420
259
411
23
390
41
5
33
9
18
531
49
89
6, 496
308
55
36
283
23
69
162
130
20
2,237
20
433
16
1,396
1, 805
51
377
24
172
823
111
589
76.3
51.5
60.0
47. 8
52.3
59. 2
56. 1
56.0
66.1
83.3
46.5
40.9
66.7
50. 5
72.1
80.9
39.4
65. 7
54.5
75.0
45.6
69. 7
49.6
65.3
61.0
55.6
48.3
64.5
58.8
84.2
56.2
39.2
61.4
50.6
82.8
49.0
46.9
67.3
54.2
9
98
36
459
236
283
18
306
21
1
38
13
9
521
19
21
9, 869
161
46
12
338
10
70
86
83
16
2, 394
11
304
3
1, 086
2, 795
32
368
5
179
931
54
497
12,927
135,687
48,933
995, 088
316,502
447, 545
15, 011
566,647
52,720
1,098
51, 669
15,628
10,025
859, 966
27, 830
22, 965
20, 302, 418
245, 378
80,497
16, 514
471,132
9, 562
84, 962
125, 597
111,476
18, 719
3, 816, 933
14,056
446,601
3,313
1, 659, 091
4,503, 437
39,528
602,378
5,685
331, 553
1, 460, 782
82,273
870,230
527
990
545
2, 596
2,323
3,767
517
2,905
328
264
595
318
422
7,187
436
953
64, 910
4, 612
1, 836
667
3, 768
972
1,025
1,244
1, 851
506
23, 641
217
3,613
207
10, 137
20,903
1,129
3,288
249
3,010
7,245
2,410
6, 220
.
1.7
9.9
6 6
17. 7
10 2
7. 5
3.5
10.5
6.4
.4
6.4
4.1
2.1
7.2
4.4
2.2
15.3
3.5
2. 5
1.8
9.0
1.0
6.8
6.9
4. 5
3.2
10.1
5.1
8.4
1.4
10.7
13.4
2.8
11.2
2.0
5. 9
12. 9
2.2
8 0
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
211
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
WEST VIRGINIA
Loans closed
dAppln and ejwcted
County
outions
ceived
State total-...
18,592
---------- I
Barbour....--- ---Berkeley... -----..----Boone......
Braxton...---------Brooke.----. ----...
Cabell ....------Calhoun..-----------Clay __---------Doddridge..-------Fayette...-----------Gilmer---------- -Grant.--------Greenbrier..--------Hampshire.--------Hancock....---------Hardy....----------Harrison....--------Jackson--.-------------Jefferson.---..
Kanawha-----------Lewis...-------------Lincoln--..---------Logan....------------McDowell .... ---Marion -------------Marshall...------Mason--------------.....
Mercer-....--------Mineral..-------------------Mingo--Monongalia ...-------Monroe.------------Morgan -....--------Nicholas.....-------Ohio....-----Pendleton----------Pleasants....------Pocahontas.------.
--Preston.--Putnam..-----_-----Raleigh---..-_.-_ -- __
Randolph .-------------Ritchie ..----.-Roane ....----Summers...---------.
Taylor....--------Tucker...--------------Tyler....
Upshur--....- -Wayne--------------..
Webster--..---------Wetzel. ------Wirt-___------Wood ...-----.....
Wyoming--------
Owned nonfarm homes
Number
applica
re-
155
222
180
141
249
1,880
12
25
49
450
30
21
282
42
521
15
914
61
129
2, 900
174
52
188
208
901
713
145
1,049
160
265
1,178
46
59
106
1,323
44
54
41
114
110
488
119
69
103
332
264
72
69
125
316
33
179
26
1, 131
58
Number
Percent
9,508
51.1
----- I--------------
63
113
104
64
73
869
7
16
27
287
18
13
196
22
319
10
537
49
55
1,433
61
34
140
141
418
312
74
488
71
157
541
34
29
64
638
17
7
22
79
71
324
47
47
43
137
137
32
29
47
176
25
103
19
627
42
40.6
50.9
57.8
45.4
29.3
46. 2
58. 3
64. 0
55.1
63.8
60. 0
61.9
69. 5
52. 4
61.2
66. 7
58.8
80.3
42.6
49.4
35.1
65.4
74.5
67. 8
46.4
43.8
51.0
46. 5
44.4
59.2
45 9
73.9
49.2
60. 4
48. 2
38. 6
13.0
53. 7
69. 3
64. 5
66.4
39. 5
68.1
41. 7
41.3
51.9
44. 4
42. 0
37.6
55. 7
75.8
57. 5
73.1
55.4
72. 4
Percent
Number
9,084
i
Amount
$22,871,271
1---I
92
109
76
77
176
1,011
5
9
22
163
12
8
86
20
202
5
377
12
74
1,467
113
18
48
67
483
401
71
561
89
108
637
12
30
42
685
27
47
19
35
39
164
72
22
60
195
127
40
40
78
140
8
76
7
504
16
179, 278
244,298
149, 023
119, 976
444, 719
2, 816, 372
9, 389
19,341
42,112
312, 680
12,923
8,952
181,096
34,448
516, 765
7,015
902,020
23,173
107,961
4, 249,618
219, 84
24,616
131,510
247, 523
1,186,999
910, 643
132, 587
1,404, 957
147, 787
313, 674
1,493,483
24,165
52, 033
93, 619
1,894, 527
53, 822
113, 349
35,811
76, 959
59,339
401,581
162,191
47,154
199,971
545,508
244, 240
57, 760
72,857
202,089
254, 172
10, 580
140,690
8, 746
1,486,954
38, 332
Number
103,802
924
2,408
963
905
2,040
7,498
219
243
419
2,406
325
322
1,919
507
2,893
276
6, 658
586
1, 284
10, 881
1, 508
460
1,167
1,027
5, 391
3, 509
1,118
4,337
1,598
1,470
3, 941
300
634
694
7, 761
194
484
584
1,728
630
2,537
1, 392
1,099
696
984
1,875
700
1, 006
1,048
1, 564
447
1, 526
235
5,990
492
---
mortaged
toH. 0.
L.C.
I
8.8
10. 0
4.5
7.9
8.5
8.6
13.5
2.3
3.7
5.3
6.8
3.7
2.5
4.5
39
7.0
1.8
5.7
2.0
5.8
13. 5
7.5
3.9
4.1
6.5
9.0
11.4
6.4
12.9
5.6
7.3
16. 2
4.0
4.7
6.1
8.8
13.9
9.7
3.3
2.0
6.2
6.5
5.2
2.0
8.6
19. 8
6.8
5.7
4.0
7.4
9.0
1.8
5.0
3.0
8.4
3.3
212
ANNUAL REPORT OF FEDERAL HOME LOAN
BANK BOARD
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
WISCONSIN
Applications withdrawn and rejected
Loans closed
Owned nonfarm homes
Number ______
County
applica
tions
received
State total ....
55,744
-
-
Number
--*1
Adams------..........
70
Ashland---------303
Barron--------------311
Bayfield--139
Brown----_
856
Buffalo---- --------35
Burnett--- -- --87
Calumet ------167
Chippewa-----324
Clark..--........---...
192
Columbia-----------325
Crawford-------159
Dane.--------3,025
Dodge.
351
-----181
Door-------.....
.----Douglas-----..........
919
Dunn_--- ------212
Eau Claire ------813
Florence.-----------37
Fond du Lac--......
814
Forest-----------148
Grant....------242
Green....---------95
Green Lake.--..----...
84
Iowa-......--.--.---74
Iron............------144
Jackson....----------68
Jefferson .
...-------317
Juneau--------------136
Kenosha------------3, 099
Kewaunee------------.
46
601
La Crosse _-----100
Lafayette.----------308
Langlade-------Lincoln..----------...
388
Manitowoc --------693
731
Marathon------------.
Marinette-----------411
49
Marquette. --------..
.
Milwaukee----------23,186
Monroe..------124
Oconto--------------312
Oneida------------295
553
Outagamie ---. ----187
Ozaukee------------------40
Pepin
219
Pierce..........-------Polk--.....------256
256
Portage ----------146
Price- .......--.--..
4,134
Racine.-----------Richland
-----100
Rock .----....----.
1, 530
Rusk------------187
249
St. Croix----300
Sauk-----------122
Sawyer---------244
Shawano-.-------1,130
Sheboygan .------134
Taylor------140
Trempealeau-- ...---151
Vernon- __---------221
Vilas-..------. ---..
Walworth
.---------- 565
170
Washburn --------173
Washington--------.
Waukesha--.----. --...
1, 290
405
Waupaca -----108
Waushara------1,403
Winnebago-..-.......
360
Wood --------.----
Percent
Number
40,6
33,096
22,648
-
28
124
167
95
408
26
43
80
139
118
142
93
1,004
192
90
384
92
291
27
320
94
149
52
49
48
74
37
182
62
975
27
296
63
132
163
287
289
161
33
9,375
69
125
171
215
119
19
116
139
140
79
1, 248
70
465
90
86
152
78
128
371
83
79
93
144
248
76
97
698
174
53
433
179
1---
40.0
40.9
53.7
68.3
47.7
74.3
49.4
47.9
42.9
61. 5
43.7
58. 5
33. 2
54. 7
49. 7
41.8
43. 4
35.8
73. 0
39. 3
63. 5
61.6
54.7
58.3
64.9
51.4
54.4
57.4
45. 6
31. 5
58. 7
49. 3
63.0
42 9
42.0
41.4
39. 5
39.2
67.3
40.4
55. 6
40.1
58. 0
38. 9
63. 6
47. 5
53. 0
54. 3
54. 7
54.1
30 2
70.0
30.4
-48.1
34. 5
50.7
63. 9
52. 5
32 8
61.9
56 4
61 6
65. 2
43 9
44.7
56.1
54.1
43.0
49.1
30 9
49. 7
Amount
--i.
42
179
144
44
448
9
44
87
185
74
183
66
2,021
159
91
535
120
522
10
494
54
93
43
35
26
70
31
135
74
2,124
19
305
37
176
225
406
442
250
16
13,811
55
187
124
338
68
21
103
117
116
67
2,886
30
1, 065
97
163
148
44
116
759
51
61
58
77
317
94
76
592
231
55
970
181
Number
$115,388,088
-
54,126
269,848
223,273
41,613
1,300,982
17, 870
58,394
221, 755
341,531
116, 776
420,270
123,130
8,175, 499
390, 626
193, 635
1,101, 797
205,328
1, 128, 591
11,353
1,374, 655
58, 555
174, 819
95, 977
66, 921
53, 421
154, 697
53,811
407, 665
125, 211
7, 334,181
59,193
712, 987
69, 021
336,153
340,132
1, 271,494
1,070, 964
378,403
28, 664
59, 407, 699
96, 700
245, 278
278,129
1, 039, 576
228,388
34, 699
180,404
204,677
255, 520
88, 787
11,126,841
61, 195
2, 957, 266
145,714
254,780
312, 385
47, 962
235, 448
2, 620, 573
76, 570
122,705
115, 317
141,797
812, 684
118, 563
247, 214
1, 793,077
461,001
61, 546
2, 645, 705
406, 597
Percent
mortaged
toL . 0.
L. C.
11. 2
296,457
-I
-
413
2,342
1, 991
1, 033
7, 555
1, 009
403
1,319
2,605
1,689
3,336
1,189
12,418
5, 505
1, 330
10. 2
7.6
7.2
4.3
5.9
.9
10.9
66
7.1
4.4
5.5
5.6
16.3
2.9
6.8
11.0
7.1
11.2
31
7.2
6.7
24
1.9
2.2
1.5
8.2
3.5
3.0
5.0
27.2
1.7
4.7
2.7
10.1
10. 2
6.5
7.8
8.2
2.1
16. 9
2.5
9.8
7.1
4.5
3.8
4.1
7.0
9.4
4.3
5.8
24.7
26
11.4
11 3
9.2
47
66
5.4
8.5
6.2
3.9
37
11.0
8.3
12. 5
3.3
9.8
7.8
5.5
8.8
5.2
4, 857
1, 685
4, 652
320
6,868
805
3,837
2,267
1, 607
1, 697
854
887
4, 545
1, 479
7,816
1,106
6, 427
1, 374
1, 736
2, 201
6, 222
5, 650
3,039
766
81, 653
2,215
1,916
1,743
7, 439
1, 769
511
1, 479
1,242
2,697
1,150
11, 666
1,172
9, 322
858
1,777
3,140
668
2,164
8,883
817
1,579
1, 556
697
3,839
755
2, 307
6, 057
2, 976
999
11,081
3, 496
-----
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
213
Percentage analysis of refinancing operations completed and percent of owned non
farm homes mortgaged to H. O. L. C. by counties as of June 12, 1936-Continued
WYOMING
dra
Owned nonfarmihomes
Loans closed
wn rejected
and
Number
County
applica
tions
received
Number
Percent
Number
3, 793
1,347
35 5
2,446
$5,463, 514
Albany ---------------.
Big Horn- ..-------.
Campbell. -----------. .
Carbon...------..
----Converse-..---------Crook
Fremont------ -------.
Goshen--. .----------.
Hot Springs ...-- --
297
169
47
115
117
21
104
147
97
106
87
23
53
35
13
41
58
45
35. 7
51.5
48.9
46.1
29.9
61.9
39.4
39.5
46 4
191
82
24
62
82
8
63
89
52
543, 974
122,572
44, 718
160, 648
154,778
15,333
117,575
162,280
111,870
Johnson....-------..Laramie--.... _ ------_
Lincoln -----------Natrona---------------------Niobrara --.-----..
.
Park .----.
Platte------------ ---Sheridan
.------- .-.----- Sublette.--. ---Sweetwater-. ---------Teton..---------------Uinta ...------ -------Washakie ------------..
Weston. -------------Yellowstone National
Park----------
69
721
86
693
53
104
109
378
9
207
18
126
56
50
29
190
44
196
24
44
40
137
5
67
8
50
24
28
42.0
26.4
51.2
28.3
45.3
42.3
36. 7
36. 2
55.6
32.4
44.4
39.7
42.9
56.0
40
531
42
497
29
60
69
241
4
140
10
76
32
22
State total.-------
0
0 ---
Percent
mortgaged
tol. O.
L. C.
Number
Amount
16. 0
15, 269
1,1621
841
187
795
414
141
688
426
304
16. 4
98
12 8
7.8
19.8
5.7
9. 2
20.9
17.1
82, 040
1, 321, 649
76, 476
1,163,770
46,606
120,571
131, 960
467, 255
6,491
363, 813
16,510
137,931
57, 870
36,824
308
2,255
615
2,329
201
557
416
1,438
68
1,072
81
507
218
245
13.0
23.5
6. 8
21.3
14. 4
10.8
16. 6
16.8
5.9
13.1
12 3
15.0
14. 7
9 0
0
0
1
14, 624
0
HAWAII
1,649
1, 168
70. 8
481
$1,292,704
Hawaii-----------------100
86
86 0
14
42, 841
10
81
71.4
802
Total------ --Kauai..-------- _----Maui----------
Oahu -----------------
-
14
101
1,434
991
69.1
4
20
11,146
52,138
443
1,186,579
3.3
---------------
------
-----
ALASKA
Total------ ------
54
Fairbanks.--------------1
Hyder ..---
44
81.5
10
$25,973
1
100.0
0
0
.---------
2
2
100 0
0
Ketchikan .------.---Petersburg ------Seward-.-------Sitka......----------
37
3
2
1
28
2
2
1
75.7
66. 7
100 0
100 0
9
1
0
0
Juneau--
---------------
8
8
100.0
0
0 --
0
-----------
24,349 ----1, 624 ---0
0---
- -
PUERTO RICO
Puerto Rico----------
2,385
1,794
75 2
591
$1,724,097
163,589
0.4
214
ANNUAL
REPORT
OF FEDERAL
HOME
LOAN
BANK
BOARD
EXHIBIT 25
Applications for charters received and charters issued, by months, for the fiscal year
ending June 80, 1937
Total
Month
Conversion
New
CharCharChar
Appli- Charters
Appli- Charters
Appli- Char
ters
cations
r
canceled
cations
r
canceled
cations
tr
canceled
for
ters
•
ters
ters
iin
issued
in
for
issued
for
issued
charter
mergers, charter
mergers, charter
mergers.
etc.
etc.
etc.
1936
July----------------August_---- -------September_--------------October-------------November---.....---- --.-.
December.------------ -_
16
14
3
17
17
32
30 ..----..
12
2
15
7
11
3
15 -_----10
4
8
13
3
13
14
27
22 -----.
8
9 ----..-1
14
3 -------9
1
4
13 -----3
7
1
5
8 3
1
2
2
3
3
1937
January ..----. .------February....----------March........------- -April..-----....------..
16
13
20
16
21
13
12
9
5
1
3
1
14
11
17
13
18
2
12 .......
10 .....--.
6 ..---. __
2
2
3
3
3
1
2
3
3
1
3
1
May----- ----------June ---------------------
16
17
16
24
3
8
11
15
13
20
2
3
5
2
3
4
1
5
Total.---------------
197
188
37
159
153
12
38
35
25
Net chartered for fiscal year- ------Chartered to June 1936-..-------.
.
Net chartered to June 30,
1937 ....------------ ------
151 -------------1,135 ---------------
141 --- .
...-----498 ----------------
10637
1,286
639 ----------------
647
.------.--------
2
4
2
EXHIBIT 26
Home Owners' Loan Corporation investments in savings and loan associations by
States, as of June 30, 1937
Federal savings and loan State building and loan
associations
associations
Number
Alabama ----------------------------Arizona---------------------------------------Arkansas.--------. ----------------------California----Delaware -------------------------------Florida---...
-----------------------------Georgia.------------------------Idaho-.---------..
------------ -Illinois--------------Indiana---------------------------.---------------- ------Iowa.--....
Kansas--------------------------------Kentucky------------------------Louisiana -------------------------------------------_------Maine-------------------------Maryland-------------------------------Massachusetts---------------------------------Michigan
Minnesota ----------- --------------------------------------------Mississippi--------------------------------Missouri-----------------------Montana--------Nebraska-----------------------Nevada-----------------------------------------------------New Hampshire----New Jersey----------------------------New Mexico--------------------------------------
Amount
10
2
26
49
15
15
43
40
6
76
46
22
18
27
8
6
14
7
19
26
15
30
1
6
$620, 500
590,000
..........
1
1
7
3
3
$150, 000
50,000
1, 923,000
735,000
71,000
2
1
9
13
3
15
400, 000
350,000
580, 000
885,000
76, 00
2,000, 000
21
3, 047, 400
1, 281,000
15, 748, 500
2,067,000
2,405, 500
8, 480, 500
3,118, 000
1,455, 000
12, 501, 000
6,394,000
1, 481,000
2,106, 000
2,569, 000
378,000
166, 500
3,125,000
Amount
Number
------------ -----------
2
1
6
125, 000
312, 000
825,000
2,325,800
6,848,000
450,000
4,422, 000 ------------ ----------400
797, 000
61
200,
30,000
1
5, 000
625,000
3, 630, 000
11~~i
-400,000 -----~~~isEo
--79, 000
4
-............
...........
ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD
215
Home Owners' Loan Corporation investments in savings and loan associations by
States, as of June 30, 1937-Continued
Federal savings and loan State building and loan
associations
associations
Number
New York -..------------------------------North Carolina ---------------------------------.
North Dakota ..
---------..------- __.
-------Ohio---- ---------------------------------------Oklahoma....------------------------------------Oregon----------------------------.
-------Pennsylvania .--- ----------------------Rhode Island
---------------South Carolina ---------------------South Dakota ----------------------------------Tennessee....------------------------Texas ------------------------------------------Utah..----------------------------------Vermont.._----- ------------------------Virginia----------------------------------Washington.-------------------West Virginia --.------ _---------------14
Wisconsin ..-------------------------------------Wyoming--------------------District of Columbia .
------------------Hawaii......----------------------------Alaska..----------------------------------------Total.-----------.--- ------.-----------Repurchases: Minnesota-------------------
-
50
12
4
47
15
18
37
17
4
35
66
6
1
17
24
27
9
1
1
Amount
$17,623,900
1, 576, 000
199, 000
11,780,000
1,865,000
3,236,500
4,428, 400
--988, 000
288, 000
5,264,000
4, 016,100
1,145, 000
50, 000
2, 217, 500
7,387, 000
1,845, 000
2, 302, 500
722, 000
----25,000
18,700
Number
Amount
14
$1, 690, 300
7
227, 500
1
600, 000
29
9,370,000
...... ---------..------.--15
734, 000
1
75, 000
2
27, 000
-------------8
2,450, 000
1
800, 000
------.. -----1
135, 000
7
725, 000
3
195, 000
14
3,025, 000
--.--.....
--------...-----...
---------.....
940
2
150,368,400
203
32, 664, 600
12,000 -----------..-----
938
150,356,400
203
32,664,600
INDEX
ACCOUNTING, HOME OWNERS'
Page
LOAN CORPORATION.
Statement re standardization of, etc- -------------------- _-----.
ACCOUNTS.
Federal savings and loan associations.
Types of ------------------------------------------------Home Owners' Loan Corporation.
Tabulation of---------------------------------------------
34
ADMINISTRATIVE EXPENSES OF THE FEDERAL HOME LOAN BANK BOARD _
20
Receipts and disbursements.
----------------_
25
28
-------------_
21
ADMISSION FEES, FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION_
52
ADVANCES (see also EXHIBITS 2, 3, 4, and 11)- ---------------------
15, 24
AGENTS OF THE BOARD.
Presidents of banks as----------------------------------------
49
AMERICAN INSTITUTE OF ARCHITECTS -------------------------------22
APPLICATIONS, HOME OWNERS' LOAN CORPORATION------------------29
APPRAISAL AND RECONDITIONING DIVISION, HOME OWNERS' LOAN COR
PORATION----------------------------------------- 32-33
APPRAISALS, FEDERAL HOME LOAN BANK SYSTEM.
By Examining Division --------------------------------------
_
ASSETS, FEDERAL HOME LOAN BANK SYSTEM MEMBERS-------------AUDITING DEPARTMENT, HOME OWNERS' LOAN CORPORATION----------BAHLKE, GEORGE W-------------------------------------BANK PRESIDENTS' COUNCIL--------------------------------------BANKS.
Statement re closing, etc_-----------------------------------
17
13
34-35
22
22
3
BANK SUSPENSIONS, HOLIDAYS, ETC.
Number of
----------------------------------------------
BODFISH, MORTON--------------------------------------------
3, 4
22
BOND, FIDELITY.
Statement re officers of institutions --------------------------BONDS, HOME OWNERS'
49
LOAN CORPORATION.
Authority to issue, etc--_-----------------------------------Exchange ------------------------------------------Interest rate
------------------------------------------Retirement of ----------------------------------------------Total issued (exhibit 13)----------------------------------30,
Treasurer's duties re-----------------------------------------
27
30
30
30
37
34
BONDS, RETIRED, OUTSTANDING, AND EXCHANGED, HOME OWNERS' LOAN
CORPORATION --------------------------------------BORROWING CAPACITY OF MEMBER INSTITUTIONS---------------------
30
15
BROUGHTON, CHARLES E---------------------------------------BRUCE, JAMES ------------------------------------------------BUDGET FOR ADMINISTRATIVE EXPENSE ----------------------------CAKE, RALPH H---------------------------------------------CANNON, F. S-------------------------------------------------
22
22
20
22
22
CELLARIUS, H. F
21
----------------------------------------------
CHART.
Applications received and associations insured- -------------------Assets of insured associations ---------------------------------Functional organization of Bank Board and Agencies-------------Graphic --------------------------------------------------- Personnel, H. 0. L. C
--------------------------------------Price trend 1917-36 --------------------------Progress of Federal savings and loan associations -----------------Stock market price trend and construction activity and foreclosures - 217
49
46
1
10
158
22--------46
3
218
CHARTERS,
INDEX
FEDERAL SAVINGS AND
LOAN ASSOCIATIONS'.
New form --------------------------------------------Number-------------------------------------------
Page
- 24, 25
40
CIVIL SERVICE.
Use of registers for personnel-------------------------------COMMODITY PRICES, TREND 1917 TO 1936-------------------------COMPTROLLER'S DIVISION, HOME OWNERS' LOAN CORPORATION--------
36
2
34
CONSTRUCTION.
Residential.
Chart of, 1921-36---_
---------------_----------Statement of, during 1921-27 --------------------------------Total in United States in 1936--------------------------------DEBENTURES,
2, 3
1-2
5
FEDERAL HOME LOAN BANK SYSTEM.
First issue --------------------------------------------------Oversubscribed-----------------------------------------------DIRECTORS, FEDERAL HOME LOAN BANKS.
Method of selection--------------------------------------------
11, 15
15
12
DIRECT REDUCTION LOANS.
Trend toward ------------------------------------------------
8-9
DISBURSEMENTS, HOME OWNERS' LOAN CORPORATION.
Total--------------------------------------------------
35
DIVIDENDS.
Federal savings and loan associations---------------------------24
Federal Savings and Loan Insurance Corporation_----------------52
DIVISION OF RESEARCH AND STATISTICS----------------------------_ 18-19
Home Owners' Loan Corporation -------------------------------36
DUTIES OF THE INSURANCE CORPORATION---------------------1----- 45-46
EINSTEIN, EDWIN F----------------------------------------22
EXAMINATIONS, FEDERAL HOME LOAN BANK SYSTEM.
Member institutions, etc
17, 26
EXAMINING DIVISION-------------------------------------------17
EXHIBITS.
1. Member institutions by States and locations as of June 30, 1937-_
13,
26, 54-129
2. Statement showing, by districts and States, the number of member
institutions, amount of shares subscribed by member institutions,
the balance of advances outstanding, and the number of borrow
ing member institutions as of June 30, 1937----------- 14, 129-130
3. Statement showing advances of the Federal Home Loan Banks
from their inception through June 30, 1937-----------15, 130-131
4. Statement reflecting interest rates charged by the 12 Federal Home
Loan Banks on advances to member institutions as of June 30,
------------------------------15, 131-132
1937--5. Borrowing capacity of members as of June 30, 1937---------5, 132-3
6. Statement of condition of Federal Home Loan Banks, as of June
30, 1937 ---------------------------16, 134-137
7. Statement of profit and loss of the Federal Home Loan Banks for
the period July 1, 1936, through June 30, 1937------------- 16, 138
8. Analysis of surplus and reserves Federal Home Loan Banks as of
142-143
-----------------------------June 30, 1937- -9. Estimated loans of Federals and active State members for the
13, 144
fiscal year ending June 30, 1937 -----------------------145
10. Federal Home Loan Bank districts (map)--------------------11. Comparative data on Federal savings and loan associations by
146-149
States, June 30, 1937 ------------------------------12. Summary of loans made by Federal savings and loan associations
150
during year ended June 30, 1937, by States- --------------13. Home Owners' Loan Corporation bonds and commitments issued,
reacquired for refunding, and retirements from organization to
June 30, 1937, and outstanding as of June 30, 1937--------. 30, 151
14. Number of foreclosure cases dispatched to State counsel and the
status of these cases, by months, for fiscal year ending June 30,
152
1937-----------------------------------------------15. Total properties under jurisdiction of Property Management
31, 152-153
Division, June 30, 1937-------------------------16. Summary of reconditioning operations, cumulative totals,
June 1, 1934, through June 30, 1937-------------------- 154-156
INDEX
219
Page
ExHIBITS-Continued.
17. Personnel-Number of employees at end of month, July 1936
157
June 1937
------------------------------------------18. Home Owners' Loan Corporation personnel, number of em
158
ployees at end of month, January 1934 to June 1937--------19. Summary of refinancing operations, cumulative from the beginning
of operations to the close of the lending period, June 12, 1936 - 159-160
20. Statement of financial condition at June 30, 1937----------- 160-162
21. Summary of income and expenses from beginning of operations to
162-163
June 30, 1937------------------------------------22. Summary of income and expenses for the fiscal year ended June
163
30, 1937--------------------------------------------163
23. Statement of deficit, year ended June 30, 1937----------------24. Percentage analysis of refinancing operations completed and
percent of owned nonfarm homes mortgaged to Home Owners'
164-213
Loan Corporation by counties as of June 12, 1936--------25. Applications for charters received and charters issued, by months,
214
for the fiscal year ending June 30, 1937 -------------------26. Home Owners' Loan Corporation investments in savings and loan
41, 214
associations by States as of June 30, 1937---------------EXPENSES FEDERAL HOME LOAN BANK BOARD---------------------- 20-21
22
FEDERAL HOME BUILDING SERVICE PLAN---------------------------FEDERAL HOME LOAN BANK ACT.
1
Conditions prompting enactment ------------------------------FEDERAL HOME LOAN BANK BOARD.
49
Agents of------------------------------------------------Budget
--------------------------------------------------20
1
Chart---------------------------------------------------Debentures, flotation of first issue, etc ------------------------11, 15
Influence of-------------------------------------------------8
Receipts and disbursements, administrative expenses ------------20-21
-----------1
Responsibilities and agencies of------------------_
Statement re creation, etc --------------------------------_
1, 8
FEDERAL HOME LOAN BANK BOARD BUILDING----------------------37
FEDERAL HOME LOAN BANK REVIEW.
Scope of -----------------------------------------------18, 19-20
FEDERAL HOME LOAN BANKS (EXHIBITS 3, 4, 6, 7, AND 8).
Advances by----------------------------------------------- 15, 130-1
142
Analysis of surplus and reserves -------------------------------Directors, method of selection-------------------------------12
16, 134-7
Financial condition ----------------------------------Interest rates (exhibit 4) ------------------------------15, 131-2
Lending activities------------------------------------------15
Profit and loss statement----------------------------------16, 138-41
Statement of condition (exhibit 6) ----------------------- 134-7
14-15
Stock subscriptions--------------------------------FEDERAL HOME LOAN BANK SYSTEM, THE.
Assets_
------------------------ _----_----------------------13
Examinations -----------------------------------------------17, 26
Funds, source of----------------------------------------------14
List of members-- ------------------------------------------- 54-129
Share subscriptions, etc----------------------------------129-30
Statement re---------------------------------------1, 4, 7, 11-22
Borrowing capacity of members (exhibit 5)-- -----------15, 132-3
Legal Department ---------------------------------------13
Membership---------------------------------12
Office of Governor --------------------------------------16
Percentage of loans made by - ----------------------------7
Research and statistics ----------------------------------18
Review Committee -------------------------------------13-14
Sources of funds-------------------------- -----------14
Supervision --------------------------------------------16
FEDERAL RESERVE SYSTEM, REFERENCE TO-----------------------15, 30
FEDERAL SAVINGS
AND LOAN ADVISORY COUNCIL---------------------21-22
FEDERAL SAVINGS
AND LOAN ASSOCIATIONS.
Act providing for-- ---------------------------------------Accounts, types of-- -------------------------- ,
---- ,
23
25
220
INDEX
Page
FEDERAL SAVINGS AND LOAN ASSOCIATIONs-Continued.
Advances to----------------------------------------------25
Appraisals------------------------------------------------25
Total and average rate-----------------------------------24
Dividends, influence of--------------------------------------26
Investments in by United States Treasury and Home Owners' Loan
Corporation
---------------------------------------- 23, 24-25
Loans made, summary--------------------------------------150
Members of Bank System ------------------------------------12
Mortgage loans
-----------------------------------------24,25
Number--------------------------------------------------5,23
Organization and conversion ----------------------------- 29-40
Reserves, required- -----------------------------------25
Shareholders-number ------------_-------------------------24
Statement re-------------------3-4, 23
Supervision -------------------------------------------25
FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION.
Admission fees------------------------------------------------ 45, 52
52
Assets------------------------------------------------------4, 45
Creation of, statement, etc----------_------_----------------Default by insured association --_-----_------------ ------46
Dividends --------------------------------------------------52
Duties of
----------------------------------------------- 45-46
--------------51-2,53
Financial condition-------------------48
----------------Local programs-----------------------52
Loss-------------------------------------------------------51
Personnel -------------------------------------------------------------------- 45, 50
Premium rate-------------------52
Earned-----------------------------------------------49,50
Procedure for insurance
---------------------------------------------------------------------------- 46, 47-48
Progress of
1
Purpose of_-------------------------------------------------50, 52
Reserve by insured associations required ----------------------Rules and regulations-----------------------------------48-49
43
-----------------------------------------------Summary
Supervision
----------- --------47
46
Termination of insurance --------------------------------46
To act as receiver -----------------------------------------FEDERAL SAVINGS AND LOAN SYSTEM------------------------------FEES, LEGAL DEPARTMENT HOME OWNERS' LOAN CORPORATION-------FEES, ADMISSION, FOR INSURANCE----------------------------------
23-26
33
45
FINANCIAL CONDITION OF THE CORPORATION (FEDERAL SAVINGS AND LOAN
INSURANCE CORPORATION) -
51-52
----------------------------LOAN INSURANCE
FINANCIAL STATEMENT, FEDERAL SAVINGS AND
PORATION (TABLE 4)------------------
COR
----------------------
FISCAL OPERATIONS, HOME OWNERS' LOAN CORPORATION-------------FORECLOSURE, HOME OWNERS' LOAN CORPORATION.
53
37
Legal Department, number cases, etc. (exhibit 4)---------------- 33, 152
--------------------------------------- 28-29
Statement re policy
Total_
28-29
Total--------------------------------------------------28-29
19
_-------------------------------------3,
FORECLOSURES_---------4
Average daily ----------------------------------------------21
FRIEDLANDER, I---------------------------------------------14
FUNDS, SOURCES OF, FEDERAL HOME LOAN BANK SYSTEM------------GOVERNOR, FEDERAL HOME LOAN BANK SYSTEM.
Directs supervision_
Assistant Governor ----HOME-MORTGAGE LOANS.
HOME OWNERS' LOAN ACT.
Reference to -------
__------------------- ----------------------------------_-----------------
16
16
(See MORTGAGE LOANS.)
------------------------_
--------------
4
HOME OWNERS' LOAN CORPORATION.
29
Applications, received and closed------------------------------Appraisal and Reconditioning Division (exhibit 16) ------------ 32, 154-6
34
Auditing Department ---------------------------------------27, 30, 37, 151
Bonds (exhibit 13)---------------------------------30
Interest rate_---------------------------------------------34
Comptroller's Division-_ -------------------------------------41
Dividends from Federal associations- ----------------------------
221
INDEX
Page
HOME OWNERS' LOAN CORPORATION-Continued.
36
Division of Research and Statistics --------------------------------------------- 28-29, 33, 152
Foreclosures--------------------Insurance Section------------------------------------------35
Investments:
24
Federal savings and loan association -----------------------5
Member institutions of Federal Home Loan Bank System-----Savings and loan associations --
-----------
-------
41
33
Legal Department_ -----------------------------------------31
Loan Service Division-- -------------------------------------27
Loans repaid, etc ------------------------------------------30
Management---------------------------------------------Personnel----------------------------------------- 31, 32, 33, 35
Property Management Division------------- ---------------- 31, 152
Collections--- -----------------------------------------31
36
Purchase and Supply Section----------------------_---------------------------------------1
Purpose of----------------28
Receipts, average fiscal year 1937 ------------------------------29
Reconditioning ------------------------------------------------------------------------------------29
Rents------Sales of property, -------------------------------------- 29,32,37
----------------------------------------- 3, 4, 27-37
Statement re
37
Summary of fiscal operations ---------------------------------5, 27
------------------------------------------_
Total return of
34
Treasurer's Division --------------------------------------Vouchers-_-----------------------------------------------34-5
INDEPENDENT OFFICES APPROPRIATION ACT.
Provisions to govern expenditures-------------------------------
20
12-13
INSTITUTIONS, DISTRIBUTION OF_ -----------------------------------INSURANCE.
Accounts-------------------------------------------------45
Fidelity, casualty, and public liability, statement re---------------33
Losses, Home Owners' Loan Corporation ------------------------35
Premiums:
52
Earned -----------------------------------------------Rate for associations ------- _----------------------45,50
Procedure for ------------_-----------------------------49,50
Purpose of-------------------------------------------------45
Required for Federal associations accounts ----------------------45
Termination of_ ---------------------------------------46
---------------
INSURANCE OF ACCOUNTS -----------------------
Application for, procedure -------------------------------Premium rate----------------------------------Purpose of ------------------------------------------------_
Table of institutions insured- --------------------------------
INSURANCE SECTION, HOME OWNERS' LOAN CORPORATION
---------
40
49-50
50
45
43
35
INTEREST.
2
Construction money rates during 1921-27 ----------------------Federal Home Loan Banks (exhibit 4) ------------------- _ 15, 131-2
Home Owners' Loan Corporation bonds -----------------------30
INVENTORY, HOME OWNERS' LOAN CORPORATION.
Maintained, of supplies
-
----------------------------------
INVESTIGATION SECTION, HOME OWNERS'
Statement re--------INVESTMENT BY UNITED
36
LOAN CORPORATION.
--------------------
STATES TREASURY
AND
-------------HOME OWNERS'
33
LOAN
CORP. IN HOME FINANCING INSTITUTIONS (exhibit 26)------- 5, 24, 41, 215
Final date for ---------------
--------------------------------
LEGAL DEPARTMENT HOME OWNERS' LOAN CORPORATION -------------LEGAL OPERATIONS
---------------------------------------LENDING ACTIVITIES OF THE FEDERAL HOME LOAN BANKS -------------LITIGATION
HOME OWNERS'
Number cases, etc- --
LOAN CORPORATION.
-------------------------------------
LIQUIDATION OF INSTITUTIONS, FEDERAL SAVINGS AND LOAN INSURANCE
CORPORATION -----------------------______
--LOAN SERVICE DIVISION, HOME OWNERS' LOAN CORPORATION---------LOCAL PROGRAMS, FEDERAL SAVINGS AND LOAN INSURANCE CORP--------
43246-38-
15
41
33-34
17-18
15
33
52
31
48
222
INDEX
LOSSES-HOME
OWNERS' LOAN
Page
CORPORATION.
Insurance-_ -----------------------------LOUISIANA.
New Orleans situation_-------- ------
35
-----------
48
MANAGEMENT, HOME OWNERS' LOAN CORPORATION---------------
30
MAP.
Distribution of insured institutions---------------------------Federal Home Loan Bank districts (exhibit 10)----------------McKINNIS, GEORGE E---------------------------------McWILLIAMS, FRANK S_---------------------------MEMBERS, FEDERAL HOME
LOAN
44
12, 145
22
22
BANK SYSTEM.
Borrowing capacity (exhibit 5) ---------- ------------------- 132-3
List by States and cities (exhibit 1)--------------------------54-129
Shares subscribed, advances, etc. (exhibit 2) -------------129-30
Statement re-------------------------------------------------12-13
MORTGAGE LOANS.
Direct reduction form-----------------------------------------9, 25
Estimated loans of Federals and active State members (exhibit 9) -.
144
Federal Savings and Loan Associations (exhibit 11)-----------24, 146-9
Home Owners' Loan Corporation ------------------------------27
Foreclosure policy ---------------------------------------28
Liquidation totals ---------------------------------------Payments on -----____ _-- --_-----_---------------Receipts, etc -------------------------------------------Servicing of-----------------------------------------Statement re volume, etc., 1925 and 1930----------------------Total by associations (exhibit 9)-----------------------6-7, 13, 26,
37
37
28
31
6-7
144
16
OFFICE OF THE GOVERNOR, FEDERAL HOME LOAN BANK SYSTEM---------
OFFICES, HOME OWNERS' LOAN CORPORATION.
Number of-_
OFFICERS,
----------------------------------------------
HOME OWNERS'
-
30
LOAN CORPORATION----------------------
30
-----------------------------------------------------------
22
21
O'MALLEY, J. J --------------
PELLETT, LEGRANDE W ---PERSONNEL.
51
Federal Savings and Loan Insurance Corporation----------------Home Owners' Loan Corporation.
Appraisal and Reconditioning Division----------------------- 32-33
35
Department of_----------------------------------------33
Legal Department ----------------------31
Loan Servicing Division------------------------157
Number of (exhibit 17) ---------------------------------32
Property Management Division---------------------------50-51
PREMIUM RATE, FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION.
PRICES.
2
Chart showing trend 1917-36--------------------------------DIVISION, UNITED
PROCUREMENT
STATES TREASURY.
Appraisal Section, Home Owners' Loan Corporation cooperation
PRODUCTION,
-
32
INDUSTRIAL.
2
Trend of prices 1917-36--------------------------------------PROGRESS, FEDERAL SAVINGS AND LOAN INSURANCE
PROPERTY, HOME OWNERS' LOAN CORPORATION.
CORPORATION------
Acquired, etc. (exhibit 15)------------------------------Classification (exhibit 15)- ----------------------------------------------------------------Sales------
47-48
31-32, 152
153
32
PROPERTY MANAGEMENT DIVISION, HOME OWNERS' LOAN CORPORATION
PROPERTY
OWNED-HOME
OWNERS' LOAN
Sold-_-------------------------------------------------------------Total, etc------------PURCHASE AND
SUPPLY SECTION-HOME
31-32
CORPORATION.
OWNERS'
LOAN
--------CORPORATION
37
37
35
PURPOSE OF INSURANCE, FEDERAL SAVINGS AND LOAN INSURANCE COR
PORATION-------------------------------------REAL ESTATE.
Statement re building boom-- ---------------------------------Operations----------------------------------------------
45
1
19
RECEIPTS AND DISBURSEMENTS.
Federal Home Loan Bank Board- ------------------------------_
Federal Savings and Loan Insurance Corporation- --------------Savings and loan promotion fund_-- ----------------------
21
53
42
223
INDEX
Page
RECONDITIONING, HOME OWNERS' LOAN CORPORATION (exhibit 16)_- 29, 154-6
RECONSTRUCTION FINANCE CORPORATION.
Statement re
--------------------------------------------
REFINANCING OPERATIONS,
HOME
OWNERS'
LOAN
3, 4
CORPORATION.
Exhibit 19 ---------------------------------------------Percentage analysis (exhibit 24)---------------------------REGIONAL OFFICES,
HOME OWNERS'
159-60
164-213
LOAN CORPORATION.
Statement re----------------
-----------------------------
30
REHABILITATION.
Programs---------------------------------------------RENT-HOME
OWNERS'
Total collected
40,41,48
LOAN CORPORATION.
--------------------------------------------
29
RENTALS.
Trend of prices 1917-36---------------------------------------
2
REPORTS.
Annual instead of semiannual------------------------------- 26, 49, 50
19
City survey
-----------------------------------------------29
Prepared by Division of Research and Statistics ----------------RESEARCH
------------------------------------------------RESIDENTIAL CONSTRUCTION. ---------------- '
----------------REVIEW COMMITTEE, FEDERAL HOME LOAN BANK SYSTEM-----------
ROBBINS, COL. CHARLES B
RULES
AND
18
2, 3, 18
13-14, 50
---------------------------------------
REGULATIONS-FEDERAL
SAVINGS
AND
LOAN
21
INSURANCE
CORPORATION ----------------------------------------------SALES, HOME OWNERS' LOAN CORPORATION------------------------SAVINGS AND LOAN ASSOCIATIONS.
48-49
32
6-8
Statement re loans made, etc----------------------------------------39-42
Authorization------------------------------------------39
Functions of---------------------------------39
1
-----------------------------Purpose of------------------42
----------Receipts and disbursements -------------------Results obtained,
Charters, insurance of accounts, investments, receipts, and dis
4----------------------------0-41
bursements
--------------------------------------39-40
Work of_------
SAVINGS AMD LOAN DIVISION, F. H. L. B. B--------
SAVINGS AND LOAN PROMOTION FUND
SCOTT, JOHN F
----
---------------
42
-------------------------------------------------
SEGREGATION IN REORGANIZATION OF ASSOCIATIONSSERVICING SECTION,
PORATION.
LEGAL
DEPARTMENT,
HOME
-----------------OWNERS'
LOAN
22
40
COR
Statement re-------------------------------------------------33-34
SOURCES OF FUNDS, FEDERAL HOME LOAN BANK SYSTEM-------------
14
STATEMENT OF CONDITION.
Federal Home Loan Banks (exhibit 6)---------------------------- 134-7
160-63
Home Owners' Loan Corporation (exhibits 20, 21, 22, 23) STATISTICS-----------------------------------------------------STOCK SUBSCRIPTIONS IN FEDERAL HOME LOAN BANKS.
-------------------------------------Members (exhibit 2)
-United States Treasury--------------------------To be retired------------------------------------
18
14, 129
14
15
SUMMARY OF FISCAL OPERATIONS.
Home Owners' Loan Corporation -------------------------------
37
SUPERVISION OF INSURED INSTITUTIONS.
Federal Home Loan Bank System ---------------------------Federal savings and loan associations- --------------------SUPERVISORY FUNCTIONS------------------------------------------SURVEY.
Research and statistics study for cities over 40,000---------------
16, 47
25
16
19, 36
TABLES.
Estimated volume home-mortgage loans outstanding by types of lender,
1925 and 1930------------------------------------------Federal Savings & Loan Corporation financial statement-----------Home Owners' Loan Corporation investment in associations ------Number of shareholders and assets of insured institutions, 1936 and
1937---------------------------------------------------
6
53
41
45
224
INDEX
Page
TABLEs-Continued.
Officers and employees, Federal Savings and Loan Insurance Corpora
tion------------------------------------------------Proportion of total urban home-mortgage loans made by savings and
loan associations, annually, 1935-36---------------------------Summary institutions insured during the fiscal year 1937 ---------Total estimated amount of outstanding urban home-mortgage loans
held by all institutional lenders, etc., 1932-36 -----------------TANGEMAN, T. H------------------------------------
----
7
43
8
22
TAX SECTION, LEGAL DEPARTMENT HOME OWNERS' LOAN CORPORATION.
Statement re-----------
-------------------------
THE PROCESS OF OBTAINING INSURANCE---------------------------TREASURER'S DIVISION, HOME OWNERS' LOAN CORPORATION ----------
34
49
34
TREASURY OF UNITED STATES.
23
Investments in Federal savings and loan associations- -------------Investments in member institutions of Federal Home Loan Bank
5
.-----------------------------------------------System-Total return of------------------------------------------5
Procurement Division, appraisals for, by Home Owners' Loan Corpora
32
tion---------------------------------------------------Stock subscriptions in Fedeial home loan banks_ --------------- _ 14, 15
UNITED STATES EMPLOYEES' COMPENSATION COMMISSION-------------VOUCHERS-HOME OWNERS' LOAN CORPORATION.
_-------_-----------------------Pre-audit and post-audit --
33
34
WEEKS, EDWARD H --------------------------------------------WEST, GEORGE W----------------------------------------------
21
22
WHEELING, WEST VIRGINIA----------------------------------------
52
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