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StathticaL
Tflczch
Jfupjalemant
IQ4-2
Foreword
B
This Statistical Supplement to the FEDERAL H O M E LOAN B A N K R E V I E W is
designed to bring together, in convenient form, a vast quantity of pertinent
reference material bearing upon residential construction and home-financing
activities.
The Supplement provides statistical information covering approximately a 10year period, including all revisions made up to the beginning of the current year.
The indexes are presented on a base of 1935-1939=100, and thus conform to the
recommendation of the Central Statistical Board to place all indexes on this base to
facilitate comparisons between various statistical series. In addition, space is provided in most instances for inserting 1942 data as such material is made available
in the regular tables appearing in the Monthly Survey section of the R E V I E W .
With the exception of estimates for total nonfarm residential construction which
are now in the process of being revised by the Bureau of Labor Statistics, all series
presented in March 1941 have been preserved, revised, and brought up to date. I n
addition, several other related sets of data are included this year for the first time:
indexes of savings and loan mortgage lending and of new investments and repurchases of private share capital in insured associations; estimates of the total outstanding nonfarm home-mortgage debt; trends of private savings in selected financial
institutions; the sale of U. S. defense bonds; progress of the defense housing program ; and selected balance-sheet items of institutions insured by the Federal Savings
and Loan Insurance Corporation. In the interest of perfecting future supplements,
the Editor of the R E V I E W will welcome all comments and suggestions which will make
these tables more practical for use by executives and economists in the field of residential construction and home-mortgage finance.
The presentation of this Supplement would not have been possible without the
full cooperation of the Division of Research and Statistics of the Federal Home Loan
Bank Administration, and of the Bureau of Labor Statistics in the U. S. Department of Labor. Their contribution is sincerely appreciated.
Explanatory notes on pages 26-29 give a description of the source, coverage,
method of computation, and application of the statistical series included on the
following pages.
MARCH
1942.
TABLE OF CONTENTS
Page
Table
1.—Indexes of residential construction and selected influencing factors:
Residential construction
Nonfarm foreclosures
Rental index
Industrial production
Manufacturing employment
National income payments
Wholesale building material prices
Wholesale lumber prices
Savings and loan mortgage lending
New investments in insured associations
Repurchases of insured associations
Table 2.—Indexes of building costs for the standard 6-room frame house
Table 3.—Outstanding mortgage loans on 1- to 4-family nonfarm homes, 1929-1940
Table 4.—Private savings in selected financial institutions
Table 5.—Sales of U. S. defense savings bonds
Table 6.—Cost of building the standard house in representative cities
Table 7.—New? residential construction in all urban areas, 1936-1941, by FHLB District and State.
Table 8.—New private 1- and 2-family dwellings provided in all urban areas, 1938-1941, by FHLB
District and State
Table 9.—New residential construction in all urban areas during 1940-1941, by months, and by
FHLB District and State
Table 10.—-New residential construction in all urban areas of the U. S., 1930-1941
Table 11.-—-New residential construction in all urban areas of the U. S., 1940-1941, by months . .
Table 12.—Progress of the defense housing program during 1941. .
Table 13.—-New home mortgage loans by all savings and loan associations, by purpose and by class
of association, 1937-1941
Table 14.—New home mortgage loans by all savings and loan associations, by FHLB District and
class of association, 1937-1941
Table 15.—Nonfarm mortgages recorded by type of mortgagee, 1939-1941
Table 16/—Savings and loan nonfarm mortgages recorded, by FHLB District and State, 19401941
Table 17.—Nonfarm real estate foreclosures in the U. S., 1931-1941
Table 18.—-Summary of FHLB advances for the U. S., by months, 1933-1941
Table 19.—Balance of advances outstanding for each Federal Home Loan Bank, by months, 19331941
Table 20.—Progress of institutions insured by the federal Savings and Loan Insurance Corporation,
1939-1941
Explanatory notes
3
3
3
3
3
4
4
4
4
4
4
5
5
5
5
6-7
8
9
10-11
12
12
12
13
14-17
18
19-21
21
22
22-23
24-25
26-29
Table 1.—Indexes of residential construction and selected influencing factors
[1935-1939=100]
AnnualJ
Index and year
Jan.
Feb
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct
Nov.
Dec.
URBAN RESIDENTIAL CONSTRUCTION
1931
1932
1933
1934
1935
1936
1937
1933
1939
1940
1941
1942
74-7
25.5
18.
18.
48.
59.2 7 0 . 3
64.8
90.
87-2 125.6 120.0
9381.2
89.6
111.
90.9
155.
157.4 145.5 141.3
180.
135.0 176.6 158.8
197.
192.7 196.6 1 7 5 . 1
71.
115.
92.
125.
177.
219.
73.
90.
96.
17.1.
177.
203.
113.5
100.7
107-3
153.1
151.0
236.9
124.0
79.8
132.8
145.8
187-4
229.3
102.3
83-6
133.9
176.3
191.5
212.7
96.7
83.6
134.6
140.8
201.7
207.5
95.8
73.7
125.2
M3.8
228.1
176.9
101.1
74.3
131.6
184-3
185-6
166.6
108.7
87-8
122.8
198.5
195.2
132.7
123.4
158.4
160.8
146.7
145.7
118.1
96.5
75.5
64.3
48.0
37.2
154170.
121.
106.
81.
68.
52.
44-0
144.8
157.2
125,
106,
83.
70,
49.
42.
144.0
159.1
119.2
106.5
83-4
69-4
48.0
42.5
138
156
120
105
81
68.3
48.4
41.1
139.3
152.3
112.9
101.6
78.8
70.3
50.9
38.3
140.6
148.7
113.8
105.
78.
66.
47.
36.
142.0
144.2
121.9
100.8
70.9
65.7
48.5
37.3
145.
143.
116.
85
7J.
63.
48.
33.
144.9
129.4
122.7
90.1
70.7
62.0
47.4
32.9
155.
140.
115.
8566.
5548.
34«
158.4
122.9
108.9
81.8
70.1
58.3
44.2
31.9
153.8
125.4
120.0
81.6
67.5
53.6
42.2
32.4
100.9
88.7
78.3
79.4
86.2
95.5
106.0
106.6
105.8
106.2
108.4
10594.
81.
76.
82,
90.
100.
108.
105.
106.
107.
104.5
93.4
80.2
77.0
82.6
90.8
101.5
107.6
105.5
106.1
107.5
103.7
92.8
79.2
77.3
83.2
91.6
103.2
107.2
105.5
106.1
107.5
103.1
91.4
78.4
78.1
84.2
93.0
104.4
106.9
105.7
106.3
107.6
102.3
90.1
77.8
78.7
85.3
94.5
105.5
106.6
105.7
106.3
107.9
101.
77.
79.
85
95
106.1
106.3
105.4
IO6.4
108.1
100. 5
87. 9
77. 5
79. 3
86.4
95.7
106.8
106.1
105.8
IO6.4
108.3
99.9
87-3
77.5
80.2
87.6
97.2
107.6
106.1
105.8
106.5
108.6
108,
106,
106,
106,
109
98
S5
77
81
89
99
109
106
106.1
107.1
109.3
97.2
84-2
77.0
81.6
89.5
99.8
109.2
105.9
106.3
107.2
109.7
96.2
82.7
77.0
81.9
90.0
100.3
108.7
105.7
106.1
107.2
110.2
79.
63.
57.
75.
8592.
118.
84.
101.
116.
144.
80.
62.
54.
79.
84.
93.
120.
84101.
113.
147.
80,
58
80.
56.
68.
80.
83100.
121.
81.
98.
116.
154-
77.
54.
78.
79.
84103.
119.
81.
103.
122.
159.
76.
53$573.
84.
104.
120.
86.
105122.
160.
735482.
72.
87.
106.
119.
90.
105.
124.
160.
7U.
58.
77.
70.
89108.
115.
93.
114.
127.
161.
68.
60.
73.
71.
92.
110.
107.
96.
121.
130.
163.
6759.
6972.
94113.
96.
100.
124.
134166.
66.
5B.
70.
7795.
116.
87.
101.
125.
139.
168.
83-1
67.3
68.9
91.8
92.7
99.4
115.1
89.7
98.9
105.8
128.8
82.4
66.0
74.8
91.8
92.3
101.4
115.3
89.3
100.7
107.8
133.7
81.1
63.7
79.6
90.1
92.6
102.8
115.7
89.7
100.8
107.8
136.5
79.
63.
82.
88.
93.
102.
114.
91101.
109.
135.
77*
65.
84.
82.
92.
102.
111.
92.
102.
110.
133.
74.
66.
83.
84.
93«
103.
108.
92.
105.
112.
133.
73.2
66.8
81.8
85.0
95.
105.
105
96
108,
115
135.8
73.4
66.4
81.0
87.2
96.0
108.5
99-6
98.0
109.9
118.5
136.6
NONFAHM FORECLOSURES
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
,
1942
RENTAL INDEX (N-I-CB.)
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
98.9
86.4
1942
75.
INDUSTRIAL PRODUCTION
1931
1932.
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1931
1932
1933...
1934
1935
1936
1937
1938.
1939
1940
1941-..
1942
5B.
.
•
••
l&NUFACTURING EMPLOYMENT
•
•
•
Statistical Supplement
•
69.
75.
87103.
11>
89108.
123.
156.
78.
64.
5Q-
72.
8394.
116.
85.
101.
122.
140.
79.8
83
67.7
73
75.0
66
82
87-5
90
93.2
96,
101.1
110.9 109.3
95.0
92.8
98.'7
102.0
109.6
109. s
130.3 120.6
92
95
110.7
94.2
108.0
121.1
83.1
71.8
63.8
89.
93112
93
99
106.9
122.8
5B
79
82
98
120
82
98
112
144
8365.
91.
93.
97.8
114.0
91.5
99.3
105.7
125.6
a
Table 1.—Indexes of residential construction and selected influencing factors—Continued
[1935-1939 = 100]
Index and year
Annual
Jan
Feb.
Mar.
Apr.
99.6
100.4
81.1
83.2
66.2
67.4
78.3 78.5
84.7
83-5
92.4 93.1
105.3 106.8
100.2
99.4
101.3 101.9
110.6 110.1
121.3 123.0
104.0
78.9
64.4
78.9
84.6
94.6
108.8
98.7
103.0
108.8
123.7
103.8
76.3
64.6
78.2
85.9
96.3
108.6
97.6
101.8
109.1
124.5
May
June
July 1 Aug.
Sept.
Oct.
Nov
90.8
69-3
70.9
81.8
87.8
102.3 102.3
109.3 107.1
99.1
98.1
106.5 107.8
113.3 IL4.6
133.5 139.1
87.2
68.8
73.4
81.9
90.
103.
106.
100.
109.
115.
140.7
86.2
68.4
74.0
81.7
91.
104.
103.
100,
109.
116,
142.9
87.
77.
88.
97.
95.
96.
108.
99.
100,
103.
115.
86.7
77.7
90.8
95.8
95.4
97.0
107.5
99.8
100.1
104.2
117.8
78,
92,
95
95.
97.
107
99
101
106
118
85.
78.
93.
95.
96.
97<
106,
100,
103.
109.
119.
85.1
78.9
94.3
94.9
95.8
97.9
104.6
99.6
103.8
110.4
120.0
74.8
63-4
84.5
95.0
94.8
96.3
111.4
94.0
99.8
105.6
136.2
74.
61.
88.
91.
94.
95.
110.
96.
100.
109.
142.
74.
62.
91.
91.
93.
96.
10997.
104 «
119.
143-
72.
63
83.
91
92,
97,
106,
97
110,
127
144
73.4
63.0
96.3
90.4
91.1
97.9
103.8
100.0
111.5
130.8
143.3
103.0
105.0
104.2
140.0
153.9
170.4
NATIONAL INCOME PAYMENTS
9473«
69.
80.
87101.
10798.
105.
112.
132-9
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
95.2 93.6
97.9
71.8
74.4
<£.9
68.7
66.5
69.2
80.2 80.7
79.9
85.9
86.1
85.6
97.7 113.8 107.8
109.1 110.2 109.9
97.0
97.2
96.9
103.6 104.8 104.6
111.7
110.2
110.1
128.4 131.0 132.6
WHOLESALE BUILDING MATERIAL PRICES
88.4 93.6
79.8
83-5
86.0
78.3
96.4
96.3
94.3
95.3
95.7
96.7
106.3 102.0
100.7 102.5
99.9
101.1
105.6 IO4.3
115.2 111.2
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
19a
1942
88.6
92.1 92.1
91.0
89.3
82.0
81.7
81.0
79.1
79.8
78.5
77.9
78.4
83.4
79.7
96.5
96.7
96.8 97.5
98.0
94.8
94.9
94.5 94.7
95.3
95.3
95.8
95.7 95.8
95.5
104.2 107.1 108.0 108.5 108 « 2
101.7 102.2 101.8 100.9 100.2
99.9
100.1 100,3 100.1 99.9
104.1 104.2 103.3 103.3 103.2
112.8
110.9 111.1 111.8 112.1
WHOLESALE LUMBER PRICES
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
•
•
.
•
77.4
65.1
78.7
94.1
91.1
96.9
111.0
97.3
103.8
114.4
136.4
85.1
73.1
62.3
97.3
89.0
93.5
107.7
98.4
101.9
109.9
131.9
82.4
70.0
62.8
97.2
88.4
94.1
114.9
98.0
102.1
108.8
130.5
83.2
68.5
64.4
96.2
86.9
95.9
117.9
97.9
101.8
108.5
130.0
81.7
66.8
64.5
97.1
87.1
97.8
319.0
97.0
101.7
107.7
130.0
94.4
112.1
99.3
123.3
149.9
172.3
87.3
109.9
100.3
113.5
136.6
I64.2
88.5
110.8
97.8
113.9
139.7
160.8
118.5
100.1
112.7
138.8
161.4
88.7
87.2
121.5 118.2
95.6
99.5
113.1 117.9
146.5 151.5
163.6 173.2
89.3
120.5
95.5
123.0
139.8
174.7
91.6
95.1
115.2 104»9
94.8 101.8
119.3 129.5
160.1 160.2
186.2 176.7
97.0
110.2
100.8
126.3
157.3
182.8
105.6
104.1
100.6
128.7
157.9
176.5
74.4
103.9
148.5
188.9
232.7
61.3
86.3
134.6
174.6
217.0
63.8
67.4 71.1
72.5
93.8
87.9
94.4 99.9
139.2
129.7
135.2 149.5
189.9 181.1 199.7 190.1
224.3 227.9 235.9 235.3
74.5
104.2
155.4
166.5
234.5
80.2
107.6
150.0
174.6
209.7
78.9
109.7
162.6
184.8
225.9
85.1
112.8
152.1
190.9
254.1
84.3
84.4
122.4 124.0
155.2 168.7
203.3 210.9
252.9 256.6
82.9
104.6
131.2
171.3
229.I
63.7
80.7
80.3
9 6 . 1 102.9 105.7
116.2
118.8
114.5
152.0 155.1 149.6
200.3 205.1 217.9
80.3
108.8
132.3
170.9
224.2
79.8
94.9
102.5 IO4.8
138.9 134.4
194.6 178.2
2 a . 5 237.3
97.5
107.3
157.1
167.6
231.9
101.2
109.9
U1.5
177.0
234.7
76.3
77.3
64.I
66.3
75.1
66.4
96.1
95.7
89.1 92.9
98.0 9 7 . 1
116.9 113.9
95.4 93.4
100.8 99.9
106.9 105.6
130.1 131.0
NEW MORTGAGE-LENDING BY ALL
SAVINGS AND LOAN ASSOCIATIONS
1936
1937
1938
1939
1940
1941
1942
NEW PRIVATE INVESTMENTS IN
INSURED ASSOCIATIONS
1937
1938
1939
1940
19a
1942
REPURCHASES OF PRIVATE INVESTMENTS
IN INSURED ASSOCIATIONS
1937.
1938.
1939.
1940.
1941.
1942.
4
82.2
106.3
120.8
157.3
219.2
79.6
101.4
124.6
179.9
232.8
92.7
111.1
144.9
187.4
246.6
Federal Home Loan Bank Review
Table 2.—Indexes of building costs for standard 6-room frame house
[1935-1939=100]
Index and year
Annual
Jan.
Feb.
104.5
102.8
101.8
103.3
113.9
99.6
104.3
101.9
102.3
109.3
105.6
101.5
100.1
102.2
111.4
102.3
105.4
105.2
105.4
119.0
Mar.
Apr.
100.9
103.8
102.0
102.4
110.2
102.6
103.5
102.1
102.3
110.4
101.0
104.1
100.0
101.4
106.0
102.5
103.3
100.0
101.5
107.8
96.9
104.7
105.6
104.0
114.5
97.6
104.7
105.9
104.2
115.1
May
June
104.2
103.1
101.8
102.1
111.2
105.0
102.8
101.6
102.2
111.6
104.5
102.6
100.0
101.4
108.0
105.9
102.1
99.9
101.2
108.7
98.9
105.2
106.1
104.1
115.3
100.7
105.2
105.6
103.8
116.1
July
Aug.
Sept.
Oct.
105.3
102.8
101.4
102.1
112.4
106.3
102.7
101.3
102.0
113.6
106.4
102.3
101.2
102.1
115.1
106.3
102.3
101.6
102.9
116.5
106.8
101.7
99.7
101.3
108.8
107.0
101.5
99.5
101.3
109.2
107.2
101.1
99.4
101.2
110.7
107.3
100.4
99.3
101.4
112.6
101.7
105.1
105.3
103.7
117.0
103.3
105.3
105.0
103.5
118.6
104.4
105.7
105.1
103.4
119.3
104.7
106.0
104.9
103.6
120.0
Nov.
Dec.
106.0
102.1
102.0
104.6
118.5
105.7
102.1
102.4
106.4
119.2
104.9
102.0
102.5
108.1
119.9
107.1
100.4
99.9
101.9
114.4
106.5
100.2
100.6
103.4
116.0
106.0
100.2
101.3
104.6
116.9
104.9
100.0
101.5
105.9
117.1
104.8
106.1
104.9
104.8
120.7
105.0
105.8
104.8
106.9
123.3
105.0
105.8
104.6
109.8
123.9
104.8
105.8
104.4
112.5
124.2
TOTAL COSTS
MATERIAL COSTS
1942
LABOR COSTS
Table 3.—Outstanding mortgage loans on 1 - to 4-family nonfarm homes, 1929-1940
[Millions of dollars]
Type of mortgagee
1932
1929
1930
$6,507
1,626
3,225
2,500
$6,402
1,732
3,300
2,425
$5,890 $5,148
1,775
1,724
3,375
3,375
2,145
1,995
7,200
21,058
7,400
21,259
7,000
7,500
20,685 19,242
1931
1933
1934
1935
1936
1937
1938
1939
1940
$4,437
1,599
3,200
1,810
132
6,700
17,878
$3,710
1,379
3,000
1,189
2,379
6,200
17,857
$3,293
1,281
2,850
1,189
2,897
6,000
17,510
$3,237
1,245
2,750
1,230
2,763
6,000
17,225
$3,420
1,246
2,700
1,400
2,398
6,180
17,344
$3,555
1,320
2,670
1,600
2,169
6,332
17,646
$3,758
1,490
2,680
1,810
2,038
6,440
18,216
$4,104
1,758
2,700
2,095
1,056
6,510
19,123
Table 4.—Savings held in financial institutions
Table 5.—Sales of U. S. Defense Savings Bonds
[Thousands of dollars]
[Thousands of dollars]
Period
Insured savings
and loan
associations
Mutual
savings
banks
Insured
commercial
banks
$1,811,181
$10,480,684
$12,623,325
10,589,838
12,754,750
10,617,759
13,062,315
1939
1940
1,868,736
1,901,162
1,928,835
1,958,417
1,981,445
2,019,809
2,039,739
2,059,097
2,058,410
2,114,831
2,143,360
2,202,135
May
July
1941
April
May
|
July
|
1
2,262,692
2,296,225
2,323,041
2,354,239
2,379,856
2,433,513
2,449,807
2,465,223
2,486,992
2,518,006
2,551,528
2,597,373
Statistical Supplement
10,606,224
10,489,679
13,107,022
Period
Series E
1940
January
,
February
March
April...
May
June
,
July
August
,
September
October
November
December....
Total
266,822
141,481
102,437
118,215
61,172
45,254
65,839
49,411
43,142
48,402
46,321
76.486
1,064,982
1941
January
February....
March
April
May
June
July
August
September...
October
November....
December....
Total...
178,600
115,572
126,340
57,324
100,581
102,517
145,274
117,603
105,2a
122,884
109,475
3a,085
1,622,496
Series F
$
266,822
ia,481
102,437
118,215
61,172
45,254
65,839
49,411
43,142
48,402
46,321
76,486
1,064,982
$ 37,817
28,876
27,359
20,318
18,099
22,963
18,977
33,272
207,681
$ 211,420
183,134
169,499
127,685
108,987
124,866
105,035
154,242
1,184,868
178,600
115,572
126,340
57,324
349,818
314,527
342,132
265,606
232,327
270,713
233,487
528,599
3,015,045
5
Table 6.—Cost of building the standard house in representative cities
1938
1937
1942
1941
19-40
1939
Federal Home Loan Bank
District and City
II
III
IV
II
III
IV
II
III
II
IV
III
II
IV
III
IV
1 — Boston:
Hartford, Conn.».
New Haven, Conn..
Portland, Maine..
Boston, Mass...*.
Manchester, N. H.
Providence, R. I.
Rutland, Vt
No. 2 —
$6,043 ^6,332 $6,346 $6,076; $5,823 !$5,659 $5,807 [$5,877
5,775 5,903 5,903 5,832 5,771 5,616 5,620 5,617
5,252 5,711 5,796 5,708! 5,543 5,526 5,307 5,259
6,412 6,653 6,667 6,601 6,191 6,079 6,298 6,384|
5,652 5,796 5,814 5,601, 5,440 5,392 5,431 5,554
5,768 5,927 5,929 6,000 5,991 5,933 5,910 5,893
5,723 5,795 5,844 5,846 5,739 5,676 5,547 5,472
$5,865
5,629
5,264
6,377
5,507
5,938
5,472|
$5,842 $5,836 $5,903 $5,937 $6,019 $5,881 $6,201 $6,424 |$6,615 $7,166 £7,204
5,597 5,673 5,793 5,850 5,868 5,869 6,118 6,288 6,650 7,131 7,171
5,294 5,254 5,242 5,256 5,256 5,277 5,274 5,369 5,424 5,424 5,493
6,286 6,336 6,428 6,490 6,484 6,489 6,667 6,760 6,986 7,122 7,353
5,427 5,332 5,381 5,390 5,390 5,421 5,^49 5,801 5,882 5,884 5,969
5,996 5,949 6,007 6,035 6,066 6,122 6,226 6,281 6,355 6,554 6,701
5,427 5,354 5,272 5,321 5,327 5,428 5,443 5,880 5,917 6,316 6,361
New York?
Atlantic City, N
Camden, N. J . . .
Newark, N. J . . .
Albany, N. Y . . .
Buffalo, N. Y . .
U t i c a , N. Y . . . .
White P l a i n s , N.
6,138
5,529
5,346
5,520
5,573
6,546
5,873
5,658
5,717
5,836]
5,737
5,500
5,765
5,524
6,356
5,652
5,894
5,932
5,705
5,479
5,667
5,797
5,524
5,907
5,559
5,537
5,557
5,931
5,660
5,543
5,790
5,58li
5,539
5,474
5,763
5,726
5,540
5,745
5,676
5,536
5,585
5,662
5,938
5,501
5,867
5,574
5,492
5,522
5,607
5,706
5,433
6,272
5,829
5,654
5,602
5,914
5,786
5,538
6,262
5,942
5,705
5,619
5,683
5,826
5,600
6,084
5,956
5,708
5,682
5,703
5,i
5,681
5,379
6,409
5,886
6,005
5,762
5,711
5,392
6,458
5,864
6,193
5,593
5,724
5,422
6,415
5,848
6,299
5,416
5,724
5,485
6,440
5,813
6,314
5,389
6,105
5,583
6,398
5,843
6,346
6,068 6,068 6,068
6,019 6,019 5,988
5,717 5,578 5,666
6,461 6^,393 6,260
5,458 5,267 5,190
5,128 4,919 4,847
5,696 5,643 5,603
5,410 5,408
5,669 5,515 5,444
4,718 4,714 4,703
4,874 4,860 4,755
5,326 5,370 5,337
5,010 5,103 5,056
6,068 5,857 5,668 5,663
5,989 5,833 5,854 5,813
5,608 5,545 5,513 5,535
6,166 5,806 5,834 5,788
5,207 5,063 5,006 4,876
4,739 4,709 4,676 4,671
5,535 5,511 5,443 5,529
5,194 5,090 5,074 5*085
5,430 5,298 5,273 5,251
4,744 4,741 4,719
4,776 4,868 4,888 4,838
5,249 5,057 5,081 5,080
5,056 5,087 5,094 5,142
5,310
5,655
5,576
5,795
4,822
4,746
5,539
4,872
4,952
4,670
4,783
4,936
5,150
5,150
5,737
5,579
5,703
4,792
4,706
5,477
4,855
4,853
4,645
4,721
4,982
5,155
5,702
5,461
6,056
6,981
6,429
5,467
5,504
5,322
5,133
5,671
5,239
5,502
6,426
5,684
5,451
5,082
5,650
5,250
5,520
6,477
5,645
5,339
4,995
5,715
5,230
5,500
6,492
5,618
5,269
4,956
6,176
5,872
5,660
5,811
6,120
6,056 5,934
5,884| 5,710
5,363
5,877 5,910
6,143| 5,910
5,688
5,427
5,9061 6,005
5,848
5,639
5,556
5,782
5,995
5,972
6,745]
5,875
5,811
5,995
5,972
6,786
6,282
6,503
5,811
5,823
5,755
6,719
6,240
6,636
5,914
5,817
5,531
6,512
6,218
5,914
5,839
5,560
6,718
5,951
6,287
4,789
5,215
5,051
6,056
5,968|
5,716
6,456
S311
5,109
5,743
5,240|
5,627
4,652|
4,873
5,242
5,135
5,686
6,320
5,938
5,436
5,281
5,597
5,599
5,949
6,756
6,237
5,531|
5,421
5,722
5,580
5,984
5,956
5,713
5,634
5,713
5,981
5,430
6,174
6,255
5,729
5,661
5,7a
6,014
5,597
7,051
6,413
6,058
6,177
6,150
6,315
6,304
7,168
6,421
6,140
6,566
6,326
6,458
6,387
7,165
6,799
7,015
6,631
6,631
7,352
6,545
7,257
7,745
7,267
6,735
6,872
7,273
6,919
5,389
5,882
5,595
6,254
5,843
6,323
5,231
5,873
5,676
6,134
5,855
6,343
5,217
5,916
5,816
6,155
5,808
6,071
5,986
6,554
6,309
6,434
5,963
6,525
6,033
6,737
6,304
6,775
6,133
6,428
6,189
6,737
6,304
6,870
6,296
6,612
6,636
7,050
6,598
7,301
6,240
6,655
7,030
7,628
7,187
7,295
6,525
6,932
5,190
5,738
5,709
5,740
4,926
4,810
5,477
5,115
5,176
4,881
4,673
4,953
5,191
5,200
5,741
5,736
5,824
4,92l'|
4,750
5,631
4,998
5,009
4,863
4,730
4,848
5,199
5,071
5,735
5,673
6,050
4,873
4,750
5,332
5,894
5,717
6,156
4,882
4,914
4,979
5,010
4,872
4,660
4,819
5,205
4,941
5,197
4,536
4,679
4,949
6,087
6,416
6,027
6,731
5,492
5,659
5,832
5,320
5,360
4,493
5,453
5,420
5,714
6,392
6,236
6,15?
6,550
5,801
6,088
6,058
5,752
5,478
4,716
5,540
5,570
6,021
6,494
6,173
6,152
6,373
5,939
6,157
6,006
5,708
5,502
5,168
5,734
5,600
5,936
6,927
6,170
6,186
6,682
6,13S
6,180
6,264
5,779
6,088
5,013
5,890
5,944
6,034
7,011
6,396
6,229
6,781
6,194
6,280
6,287
5,939
6,155
5,072
6,052
5,940
6,157
5,912
5,402
5,564
6,836
5,774
5,415
5,022
5,905
5,408
5,525
6,794
5,799
5,400
4,980
5,659
5,447
5,512
6,693
5,800
5,394
4,946
5,574
5,423
5,564
6,888
5,754
5,350
4,883
5,483
5,444
5,743
6,949
5,912
5,528
5,298
5,555
6,285
5,732
6,877
5,965
6,064
5,537
5,673
6,616
5,680
7,170
6,147
6,008
5,706
5,931
6,704
5,906
7,249
6,370
6,177
5,852
6,085
7,057
6,3a
7,428
6,606
6,301
6,073
No. 3 — P i t t s b u r g h :
Wilmington, D e l . . .
Harrisburg, P a . . . .
Philadelphia, Pa..
Pittsburgh, P a . . . .
C h a r l e s t o n , W. Va.
Wheeling, W. V a . . .
5,898
5,682
5,416
6,487
5,905
6,042
No* 4 — Winston-Salem:
a.
o
o
Q
CO
Q
X-
Birmingham, A l a . . . . . .
Washington, D. C . . . . .
Tampa, F l a
W. Palm Beach, F l a . . .
A t l a n t a , Ga
Baltimore, lid
Cumberland, Ud
A s h e v i l l e , N. C
Raleigh, N. C
S a l i s b u r y , N. C».»<»..
Columbia, S. C
Richmond, V a » . . . . . . . Roanoke, Va
5,742
5,578
•'6,374
5,2?8
5,126
5,670
5,468
No. 5 — C i n c i n n a t i :
Lexington, K y . . . « .
Louisville, Ky....
Cincinnati* Ohio..
Cleveland, O h i o . . .
Columbus, O h i o . . . .
Memphis, Tenn
Nashville, Tenn...
5,604
5,384
6,022
6,863
6,097
5,463
5,476
5,392
5,272
5,957
6,569
5,687
5,314
5,144
5,688
5,330
5,024
5,325
5,189
5,836
6,404
5,919
5,299
5,090
5,474
5,239
5,595
6,416
5,726
5,367
5,116
II
III
IV
00
•»**
Q
n
oo
6 —
Indianapolis:
Evansville, Ind
Indianapolis, Ind.
South Bend, Ind...
Detroit, Mich
Grand Rapids, Mich
5,518
5,505
5,858
5,494
5,257
5,816 5,816
5,836 5,866
6,040 6,032
6,055 6,334
5,541 5,795
5,769 5,770
5,711 5,812
5,796 5,567
6,221 6,108 6,026
5,829 5,908 5,911
5,742
5,806 5,765
5,343 5,353
6,142 6,166
5,914 5,871
5,854 5,750 5,897 6,095 6,116
5,831 5,966 5,956 5,725 5,582
5,424 5,506 5,553 5,848 5,804
6,181 6,118 6,118 5,935 5,816
5,900 5,834 5,824 5,672 5,490
6,110 6,111 6,319 6,513
5,486 5,491 5,555 6,375
5,898 5,896 6,080 6,504
5,822 5,843 6,013 6,199
5,515 5,658 5,888 6,399
6,479
6,407
6,474
6,179
6,203
6,534
6,393
6,641
6,486
6,536
6,837
6,595
6,800
6,824
7,157
i
3
o
No. 7 —
Chicago:
Chicago, 111....
Peoria, 111
Springfield, 111
Milwaukee, Wis..
Oshkosh, Wis....
No. 8 —
6,805
6,469
6,812
5,.071
5,486
6,139 6,399 6,464
5,697 5,898 6,272
5,973 6,371 6,820
5,444 5,787 6,239
5,828 6,270 6,118
5,732 5,985 6,029
5,837 5,995 6,174
6,463 6,264 6,139
6,279 6,248 6,195
6,822
6,539
6,090 5,840 5,730
6,006 5,689 5,534
5,975 5,957 5,868
6,344 6,339 6,196
6,117 6,164
6,199 6,186
6,546 6,532
5,751
5,460 5,470
5,843 5,832
6,374 6,436
6,838 6,829 6,846
6,441 6,441 6,556
6,811 6,812 6,789
5,071 5,283 5,300
5,478 5,454 5,498
6,768
6,639
6,778
5,261
5,484
6,789 6,787 6,773 6,841
6,909 7,024 7,082 7,110
7,073 7,068 7,145 7,168
5,342 5,361 5,369 5,527
5,393 5,490 5,416 5,431
6,900
7,158
7,415
5,875
5,814
7,093 7,371
7,267 7,288
7,463 7,463
5,988 6,117
5,975 6,029
7,783 7,683
7,686 7,707
7,838 7,881
6,500 6,632
6,431 6,544
6,212
6,242
6,640
6,239
5,830
5,813
6,230
6,506
6,474
6,824
6,536
6,007
6,162
6,617
6,279
5,975
6,529
5,808
5,540
5,658
6,272
6,275
5,995
6,569
5,959
5,514
5,655
6,210
6,287 6,303
6,000 6,043
6,548 6,550
6,116 5,960
5,421 5,514
5,605 5 , 8 a
6,016 6,051
6,339
6,198
6,525
6,022
5,621
5,863
6,099
6,342
6,188
6,497
5,998
5,576
5,847
6,168
6,352
6,162
6,485
5,879
5,568
5,752
6,164
6,399 6,411 6,390
6,157 6,170 6,170
6,508 6,610 6,608
5,797 6,234 6,216
5,604 5,706 5,733
5,798 5,916 5,883
6,193 6,091 6,208
5,199
5,802
6,064
6,539
5,748
5,915
5,929
5,195
5,688
6,017
6,516
5,628
5,903
5,882
5,236
5,631
5,911
6,407
5,464
5,910
5,878
5,225 5,183 5,180
5,641 5,860 5,829
5,894 6,015 6,033
6,39£ 6,316 6,260
5,431 5,335 5,414
5,882 5,866 5,927
5,867 5,688 5,590
5,169
5,763
6,084
6,212
5,412
5,902
5,497
5,137
5,702
6,084
6,262
5,417
5,681
5,479
5,215 5,193 5,194 5,305 5,305
6,021 6,081 6,207 6,359 6,362
5,925 6,065 6,192 6,333 6,325
6,762 6,977 7,015 7,123 7,791
6,022 6,622 6,713 6,821 7,530
6,501 6,621 6,687 6,809 7,503
5,835 6,573 6,583 6,692 7,615
6,431
5,964
5,717
5,875
6,353
6,087
5,787
5,883
6,376 6,276 6,221 6,222
6,021 6,005 5,794 5,760
5,778 5,942 6,079 6,156
5,860 5,893 6,000 6,051
6,092
5,838
6,132
6,117
6,131
5,914
6,097
6,327
5,716
5,968
6,388
6,500
5,790
6,148
6,590
6,456
6,058
6,287
6,552
6,754
6,126
6,275
7,069
6,826
6,376
6,288
7,772
6,002
5,265
5,880
6,259
6,286
6,430
6,078
6,996
5,304
5,880
6,272
6,001
6,456
6,161-.
7,035
5,098
6,026
6,304
6,089
6,532
6,161 6,112 6,220
6,932 6,887 6,956
5,132 5,216 5,222
6,016 5,998 6,035
6,255 6,310 6,315
6,114 6,282 6,313
6,522 6,594 6,435
6,253
6,906
5,206
6,014
6,357
6,310
6,263
6,270
6,888
5,202
6,010
6,342
6,314
6,024
6,435 ,6,575
6,890 7,148
5,281 5,198
6,087 6,355
6,458 6,862
6,314 6,893
6,024 6,444
6,575
7,308
5,277
6,416
6,956
6,864
6,370
6,701
7,294
5,299
6,807
7,188
6,939
6,386
6,617
7,553
5,686
7,057
7,340
7,166
6,455
6,489 6,468
5,704 5,469
5,834 5,822
6,329 6,329
6,560 6,567
6,157
5,410
5,783
6,393
6,573
6,043 6,129 6,223 6,199
5,287 5,231 5,303 5,256
5,721 5,605 5,471 5,419
6,352 6,314 6,301 6,308
6,563 6,574 6,701 6,745
6,199
5,250
5,311
6,289
6,777
6,199
5,254
5,320
6,250
6,777
6,635
5,504
6,103
6,352
6,739
6,754
5,514
6,071
6,363
7,003
6,793
5,559
6,088
6,494
7,155
7,106
5,812
6,383
6,916
7,165
7,384
6,013
6,953
7,041
7,667
5,195 5,285 5,208 5,186 5,164 5,164 5,150
5,545 5,738 5,865 5,959 5,950 5,962 5,865
5,621 5,<"" 6,086 5,968 6,061 6,111 6,079
6,452 6,659 6,690 6,646 6,586 6,611 6,648
5,903 6,070 6,068 6,068
5,801 5,888
5,927 6,204 6,162 6,143 5,981 5,888 5,993
5,830 6,231 6,231 6,228 6,099 6,058 6,055
Topeka:
Denver, Colo
Wichita, Kan
Omaha, Neb
Oklahoma City, okla
, 11 —
7,021 6,904
6,700 6,695
6,961 6,965
5,294 5,111 5,072
5,597 5,609 5,609
Little Rock:
Little Rock, Ark.
New Orleans, La*.
jackson, Miss....
Albuquerque, N.M.
Dallas, Tex
Houston, Tex.....
San Antonio, Tex*
N o . 10 —
7,226
6,705
Des Moines:
Des Moines, Iowa.
Duluth, Minn
St. Paul, Minn...
Kansas City, Mo..
St. Louis, Mo....
Fargo, N.D
Sioux Falls, S.D.
No. 9 —
7,037 7,215 7,178
6,557 6,808 6,807
6,917 6,978
5,208 5,255 5,295
5,398 5,651 5,711
6,562
5,677
5,841
5,850
6,445
5,593
5,918
5,693
6,714 6,762
5,711 5,680
5,964 6,111
5,823 5,838
6,625
5,972
6,582
5,322
5,692
6,114
6,375
6,228
6,128
7,023
5,829
5,923
6,623
6,543
6,382
6,134
7,027
5,936
6,064
6,600
6,796
5,934
7,004
5,335
6,039
6,532 6,503
6,851 6,548
6,563 6,520
5,848 5,860
7,317 7,109
5,081 5,087
5,961 5,911
6,428 6,256
6,545 6,620
6,486 6,452
6,053
5,800
6,137
6,280
6,360
6,737
6,002
6,097
6,407
6,629
6,802
6,001
6,144
6,452
6,666
6,741
5,926
6,184
6,375
6,666
6,567
5,723
5,855
6,345
6,550
5,975
5,850
6,464
5,866
5,814
5,840
6,569
5,808
5,827
Portland :
Boise, Idaho
Great Falls, Mont...
Portland, Ore
Salt Lake City, Utah
Seattle, Wash
Spokane, Wash
Casper, Wyo.........
6,159
7,039
6,032
No. 12 — Los Angeles:
phoenix, Ariz
Los Angeles, C a l i f . .
San Diego, C a l i f . . . .
San Francisco, Calif
Reno, Nev
6,695
5,874
6,098
6,363
6,634
Table 7.—New residential construction in all urban areas, 1 9 3 6 - 1 9 4 1 , by Federal Home Loan
Bank District and by State
[Amounts are shown in thousands of dollars]
Permit valuation
Number of family dwelling units
Federal Home Loan Bank
District and State
1936
No.
2 —
New York
,.
New York
No.
3 —
Pittsburgh.
Ohio
„
198,973
205,467
9,859
10,280
9 —
Little Rock
Texas
No.
No.
10 —
11 —
Topeka
Portland
Utah
California
1939
1940 r
1941 p
245,753j 342,107 1 397,466
434,416
9,601 1 17,467 J 21,463
1938
1936
1937
$788,699
$813,482
$916,924 J
1939
1940 r
1941 p
$1,219,716 | $1,403,001 1 $1,597,051
27,595
50,744
53,959
43,132 1
71,232 1
88,070
4,880
459
9,853
518
1,584
173
7,512
684
10,058
655
2,324
230
11,191
1,191
11,237
654
3,146
176
13,408
1,555
30,772
1,023
3,669
317
15,529
1,543
30,144
1,236
4,869
638
13,926
1,356
21,923
1,100
4,221
606
21,008
1,393
40,010
1,648
6,453
720
32,838 1
2,194
40,378
2,333
9,259
1,068
47,663
3,914
47,838
2,413
12,035
196,561
114,654
2,265
497
5,624
358
947
168
2,635
492
5,494
382
1,127
150
2,786
434
4,776
397
1,071
137
46,149
45,519
65,527
64,178
57,264
48,101
189,42.4
193,698
266,386
248,629
221,033 j
5,910
40,239
4,609
40,910
5,864
59,663
12,296
51,882
12,229
45,035
14,886
33,215
31,318
158,106
25,334
168,364
25,221
241,165
47,628
201,001 J
170,455 1
9,147
9,723
10,820
21,912
19,025
30,121
43,358
47,585
47,763
89,342 |
78,666
126,558
389
7,362
1,396
212
7,816
1,695
200
8,768
1,852
252
18,626
3,034
346
15,369
3,310
285
26,920
2,916
1,801
36,544
5,013
1,049
40,858
5,678
963
40,575
6,225
1,073
77,749
10,520 J
1,494
65,181
11,991
1,381
114,804
10,373
27,727
26,829
30,240
50,975
68,207
71,401
93,081
91,121
96,818
154,118 1
205,648
215,580
2,071
6,379
8,068
2,372
1,610
3,358
1,840
2,029
1,938
5,352
7,317
2,717
2,086
3,695
1,601
2,123
2,313
4,275
8,059
3,098
2,960
4,765
1,669
3,101
4,785
6,203
13,357
8,860
4,323
6,481
3,051
3,915
6,615
8,680
15,303
8,801
7,740
6,703
3,430
10,935
5,809
10,690
13,605
7,040
11,180
7,844
3,049
12,184
4,649
24,389
30,475
5,529
6,042
9,210
5,523
7,264
4,663
21,358
28,255
6,607
7,913
, 10,326
4,068
7,931
5,031
17,468
29,027
7,768
8,875
12,678
4,499
11,472
11,615
25,425
43,249
23,163
13*348
16,327
7,649
13,342 1
15,255
30,600
50,467
20,663
25,108
17,532
8,512
37,511
12,135
35,308
45,191
15,636
34,568
21,049
7,917
43,776
14,932
12,718
12,127
24,961
27,708
32,645
70,768
57,228
52,579 "
97,944
109,881
134,438
2,157
9,270
3,505
1,757
8,229
2,732
1,869
7,681
2,577
4,344
14,3a
6,276
2,678
19,885
5,145
3,138
24,289
5,218
8,945
50,532
11,291
5,476
44,608
7,144
5,865
39,632
7,082
12,576
67,261
18,107
6,685
90,091
13,105
8,644
111,941
13,853
9,593
13,194
14,178
21,744
30,855
34,115
50,132
61,687
64,949
94,556
128,076
148,666
1,961
7,632
3,309
9,885
3,319
10,859
5,420
16,324
8,094
22,761
9,680
24,435
7,416
42,716
12,128
49,559
11,730
53,219
19,015
75,541
29,033
99,043
36,366
112,300
11,457
9,144
9,127
17,080
19,260
24,603
60,751
51,743
46,398
78,936
90,843
119,653
5,945
3,182
12,401
4,679
13,876
5,384
17,678
6,925
38,209
22,545!
35,571
16,172
32,712
13,686
60,168
18,768
69,026
21,817
91,211
28,/,/,?
17,631
19,632
32,683
34,716
43,394
51,995
64,600
77,443
5,941.
10,348
14,669
762 1
963 I
7,059
13,224
12,852
725
856
10,057
17,139
14,381
877
940
12,739
21,939
14,785
1,335
1,197
16,628
25,898
18,512
1,543
2,019
19,385
28,840
25,144
1,892
2,182
40,495
48,611
53,098
64,517
94,444
108,123
108,958
2,581
2,069
6,594
6,943
4,445 • 3,818
1,545
1,323
26,202
25^830
!
2,459
6,971
3,078
1,812
34,291
2,501
6,964
2,790
2,021
38,822
2,506
8,355
3,568
2,304
47,784
3,291
18,507
5,981
2,553
64,112
5,113
19,978
8,611
3,682
70,739
6,325
21,369
6,430
3,401
71,433
1
6,442
5,015
No.
1938
1937
5,650
3,494 |
8,909
9,266
12,053
14,489
1,749
2,687
3,690
314
469
1,850
3,291
3,514
231
380
2,726
4,428
4,132
286
481
3,630
5,645
4,350
404
460
18,449
19,889
24,301
34,892
942
2,310
1,713
723
12,761
941
2,260
1,625
815
14,248
1,126
1,536
6,267
3,031
3,116
1,887
1,012
900
17,357 | 22,961
4,568 '
6,596
5,257
474
736
40,855
5,044
6,596
6,749
563
680
i
|
791
50,578
62,571
133,990
7,435
7,642
7,642
10,464
12,450
14,324
24,914
24,843
23,563
32,334
38,011
42,948
1,343
1,648
1,217
3,227- [
1,766
1,801
1,083
2,992
2,696
1,635
1,871
1,709
979 ! 1,892
4,005
3,319
3,752
2,347
1,905
4,446
4,118
3,541
1,373
4,792
5,074
4,665
4,681
10,494
6,175
5,277
3,509
9,882
5,075
4,699
3,353
10,436
8,261
5,107
6,916
12,050
11,490
6,391
6,637
13,493
12^503
9,057
6,831
14,557
5,970
7,703
15,865
19,160
17,522
22,864
25,301
33,579
50,320~~
921
715
1,140
829
2,098
267
887
728
1,966
1,274
2,501
347
1,086
1,441
1,036
1,478
3,823
3,523
2,511
2,361
6,496 ' 10,064
566
640
2,176
1,588
3,871
2,287
6,602
998
2,156
1,689
6,373
3,924
7,547
1,175
2,104
1,542
5,950
4,004
9,905
1,796
3,026
2,644
7,752
5,319
13,131
1,707
3,624
4,074
10,986
7,714
21,840
2,082
1
8,475
10,775
869
j
1
497
1,235
1,001
2,429
1,666
4,027
417
29,346
1 33,560 (
41,662
53,170
66,383
72,224
106,711
120,940
1
142,124
558
28,487
301
676
32,550
334
806
40,504
352
1,030
51,727
413
1,531
64,350
502
1,061
70,298
865
1,811
1 103,758
1,142
2,042
117,764
1,134
I
2,355
654
1,783
1,267
3,405
1
138,417
1,352
172,607~
219,730
3,013
168,062
1,532
3,869
214,067
1,794
1>5,042
1
1
3,181
3,348
12,368
8,514
35,254
2,377
246,550
1
1
3,334
240,132
3,084
Federal Home Loan Bank Review
Table 8.—New private 1 - and 2-family dwellings provided in all urban areas, 1 9 3 8 - 1 9 4 1 , by
Federal Home Loan Bank District and by State
[Amounts are shown in thousands of dollars]
Permit Evaluation
Number of family dwelling units
Federal Home Loan Bank
District and State
1938
New York
No. 3 _
Pittsburgh
1939
No. 9 —
Little Rock
Wyoming
Statistical Supplement
446314—42-
1941 p
1938
1939
19401*
1941 p
180,223
226,832
231,987
315,167
$685,323
$848,052
$1,058,149
8,489
10,985
15,156
17,095
39,755
49,896
67,470
78,244
2,376
423
4,118
364
1,071
137
3,105
447
5,209
515
1,536
173
4,698
621
7,269
642
1,700
226
5,661
796
8,285
645
1,532
176
12,499
1,333
20,050
1,046
4,221
606
15,735
1,370
24,177
1,643
6,251
720
23,444
2,036
31,505
2,297
7,130
1,058
28,363
2,533
37,477
2,398
6,682
791
21,115
22,684
25,732
28,258
92,272
101,959
114,868
127,949
4,304
16,811
6,405
16,279
8,559
17,173
11,677
16,581
20,668
71,604
28,618
73,341
38,144
76,724
51,829
76,120
9,185
12,985
14,593
18,859
42,515
58,857
65,277
83,259
7,519
1,520
156
10,903
1,926
203
12,246
2,144
277
16,255
2,327
788
36,265
5,462
718
51,433
6,706
947
55,917
8,413
1,358
73,543
8,358
23,955
29,944
40,532
43,747
80,715
96,215
133,401
141,522
2,258
2,098
6,649
3.044
2,158
3,843
1,555
2,350
2,950
2,652
8,734
3,696
2,803
4,231
2,069
2,809
3,096
2,606
10,510
5,402
4,134
5,514
2,546
5,924
4,633
2,483
9,536
5,509
7,374
5,414
2,589
6,209
4,914
12,007
25,571
7,671
7,265
9,969
4,195
9,123
5,988
15,178
31,527
8,140
9,232
10,759
4,884
10,507
7,974
15,344
38,735
12,231
14,072
14,854
6,144
24,047
9,181
14,109
35,446
11,773
22,893
14,829
6,900
26,391
10,826
14,334
19,598
24,633
48,095
61,466
03,673
108,464
1,820
6,678
2,328
1,981
9,609
2,744
2,264
13,672
3,662
2,574
17,508
4,551
5,757
36,012
6,326
5,021
49,676
6,769
5,569
69,013
9,091
6,869
89,343
12,252
13,797
19,848
25,797
31,996
63,645
87,611
109,586
140,862
3,007
10,790
4,506
15,342
6,498
19,299
8,322
23,674
10,747
52,898
15,951
71,660
23,822
85,764
31,510
109,352
8,461
12,845
17,372
20,515
43,850
62,895
84,798
105,877
5,450
3,011
8,590
4,255
12,178
5,194
14,436
6,079
30,712
13,138
45,256
17,639
63,442
21,356
79,779
26,098
10,504
13,343
16,601
16,647
39,020
48,644
61,828
66,932
2,583
3,960
3,244
277
440
3,556
5,177
3,801
366
443
4,311
6,437
4,748
394
711
4,379
6,392
4,701
541
634
9,665
15,646
11,983
859
867
12,542
20,287
13,402
1,262
1,151
15,967
25,418
17,180
1,313
1,950
17,246
28,291
17,520
1,849
2,024
22,978
27,292
29,770
32,817
61,336 •
70,288
77,472
86,214
1,046
2,936
1,786
870
16,340
1,470
3,637
2,398
954
18,833
1,837
4,018
2,939
1,481
19,495
2 2?5
4,'380
3,368
1,232
21,602
2,372
8,150
3,411
2,269
45,134
3,168
9,035
4,073
2,437
51,575
4,457
11,124
4,537
3,555
53,799
5,344
12,548
5,066
3,263
59,993
7,151
9,333
11,096
12,728
22,654
29,276
34,309
38,746
1,420
1,565
947
3,219
2,240
1,793
1,321
3,979
3,001
2,223
1,509
4,363
3,201
2,954
1,820
4,753
4,696
4,456
3,294
10,208
7,491
4,952
4,825
12,008
9,331
6,226
5,474
13,278
10,220
7,322
6,701
14,503
7,731
9,897
13,619
14,916
23,458
31,542
44,348
52,047
806
622
1,726
1,204
2,959
4L4
1,138
803
2,174
1,547
3,840
395
1,370
1,080
2,977
2,250
5,389
553
935
922
3,338
2,257
6,855
609
2,006
1,492
5,856
3,853
8,609
1,642
2,859
2,009
7,124
5,121
12,789
1,640
3,538
2,891
9,518
7,563
18,795
2,043
2,782
2,958
11,175
7,863
24,9a
2,328
36,031
43,342
52,121
52,956
128,008
149,403
181,119
193,539
742
34,976
313
991
41,993
358
962
50,720
439
895
51,397
664
2,221
124,531
1,256
2,954
145,007
1,442
2,816
176,596
1,707
3,038
187,967
2,534
us
West Virginia
1940 r
1
$1,223,655
Table 9.—New residential construction in all urban areas during 1940 and 1 9 4 1 , by months, and
by Federal Home Loan Bank District and State
[Number of family dwelling units provided]
Federal Home Loan Bank
1940
UNITED STATES
1941
1940
1941
1942
1940 1 1 9 a
1942
May
June
1940 1 1 9 a
1942 1 1940 1 1 9 a
April
1940 1 1941 1 1942
37,9441 43,452
18,920 27,027
24,891 27,720
32,073| 35,347
981 1,412
814 1,757
1,081| 2,124
1,535 1 2,866
2,053| 2,473\
611
214
2
27
296 1,110
27
2
40
56
5
3
273 1,271
15
10
469
389
19
16
39
58
4
8
502
839
59
99
672 1,109
57
85
739
203
23
141
544 1,164
74
106
916
1,102
132
87
157
185
29
3u
501
u\
436
8
114
8
945
179
530
39
414
17
1,654
4,213|
456
944
105
90
821 2,218
65
55
182
893
131
25
5,273
5,191
3,633
4,6881 3,715
6,060 1 5,113
4,800
5,498
3,636
6,062
472
4,418
712
4,561
502
4,689
950
2,683
813 1,051
3,875| 2,664
1,188
1,485
4,8721 3,628
1,393
3,407
1,986
3,512
1,388
2,248
1,6891
4,373
352
857
1,252
740
1,3941 2,045
1,696 | 3,492
1,946
2,840
1,406
2,884
2
309
41
23
689
145
16
1,117
119
15
623
102
7
33
1,212 1,815
175
197
54
1,238 3,124
299 | 314
24
1,674
248
34
2,571
235
21
181
1,073 2,593
273|
312
2,610
4,721
4,362
6,126
5,339 | 6,188
7,125j 7,123]
6,496
8,227
4,436
223
285
628
653
1,237 1,596
624
559
304
577
389
567
204
201
753 1,688
342
.375
523 1,449
1,021 1,361
483
914
956
1,168
457
572
481
296
626
503
762
294
703
905
1,655 1,311 '
1,182
729
1,496
987
821
875
274
313
700 | _1' 2 41
1,806
933
343 1,324
1,118 1,212
680
643
754 1,922
657
591
363
273
812 J 1,292
438
357
987
350
954
1,206
735
675
360
714
479 1,135
262
205
744 1,133
1,876
2,760
2,761 14,527
3,132
2,619
326
217
1,324 1,950
335
484
568
272
1,454 3,719
739 1 536
208
320
2,551 2,187
373
458
202
303
2,^03 2,545
314
3,010
3,564
2,494
1,248
1,392
128
43
407 1,087
128
480
85
646
517
170
886
336
663 1,561
1,049
159 1
1,924
2,283
3,173
98
287
565 1,274
166
355
883 1,569
708
1,575
666
2,507
344 1,555
608
983
1>158 1,992
1,929
271 1,316
73
239
518
90
810
173
911 1,642
350
247
1,250
679
283
673
726 1,339
1,195
1,307
2,028
50
157
54
10
12
110
274
232
9
48
202
218
295
3
8
114
225
983
5
12
297
304
551
20
23
294
444
504
30
35
3*007
2,581
4,092
2,334
3,939
3,288
3,260
82
83
413
1,092
213
224
99
99
1,509 1,774
115
1,137
384
142
2,314
164
278
275
95
1,522
150
209
324
1,141
264
411
111
161
2,076 2,380
188
370
396
189
2,117
4,129
763 11,339
2,965
3,483
6,298|
3,611
3,647
716
907
2,848 2,576
658
904
1,836 2,743]
2,386
1,952
2,738
1,900
1,471
915
1,315
637
1,577
1,161
1,320 1,580
580
814
2,772
2,139
1,997
1,882
1,904
560
481
777
814
615 1,267
63
76
92
55
546
919
535
68
71
496
817
526
91
67
504
727
531
44
76
555
711
498
53
87
4,303
3,177
3,2a
2,800
3,495
177
525
359
118
3,124
244
428
425
133
1,947
2,247 | 2,790
234
453
ao
2,394
138
219
369
312
481
220
104
1 121
2,009 2,322
550
690
685
912
1,353
1,270
1,245
1,352
1,487
135
2,009
1,567
999
1,499
265
40
36
209
198
105
40
347
167
112
43
363
404
142
60
306
277
250
437
389
396
246
124
504
328
261
186
470
454
257
186
455
693
218
149
427
582
346
151
488
294
195
153
357
468
368
232
431
638
821
836
2,137
1,629
1,409
1,679
2,451
1 1,688 1,691
1,276
1,696
45
20
162
55
341
15
62
28
240
83
381
27
80
47
42
57
244
281
107
127
345 1,582
18
43
160
334
355
189
524
67
119
90
359
231
558
52
118
173
138
144
342
455
315
452
634 1,211
71
77
4,024
5,188
4,028
4,443
6,138
6,076
5,996 6,906
69
3,932
23
77
5,069
42
80
76
3,902 ; 4,328
46
39
123
5,967
48
83
5,940
53
128
113
5,802 6,728
66
65
1
|
145
226
3a
285
630
6l
1| 5,510
120
111
390
292
728
50
1942
29,861146, 482 j
4,890
578 1,695
Idah
1942
j
38,324| 47,420 |
287
155
300
789
1,200 1,329
226
583
160
266
208
813
150
135
211
519
Iowa
March
February
January
|
133
94
317
161
516
55
144
95
400
281
7£0
56
6,732
1 4,759 9,139
100
91
5,346 6,580
61
64
229 1 119
4,501 8,965
29
55
Federal Home Loan Bank Review
Table 9.—New residential construction in all urban areas durins 1940 and 1 9 4 1 , by months, and
by Federal Home Loan Bank District and by State—Continued
[Number of family dwelling units provided]
Federal Home Loan Bank
D i s t r i c t and S t a t e
UNITED STATE
1940 J 1941
I 36,63l| 44,831|
1940
1942
2 , 7 2 l | 2,2761
2,219
38,481 39,571
1940
1941
43,097 33,419
November
1942
1940
1941
31,122 27,930
1941 | 1942
29,204 19,850
2,736
1,735
2,019
1,189
1,481
1,107
747
78
1,346
60
484
21
551
69
843
60
196
16
749
36
791
43
383
17
487
79
453
36
118
16
486
22
777
51
135
10
455
61
487
35
60
9
3,505
4,785
3,328
6,122
3,612
5,207
2,125
4,635
1,670
943
2,575
1,353
2,152
1,322
3,463
1,297
2,031
1,293
4,829
1,276
2,336
739
4,468
906
1,219
1,065
3,570
750
920
1,799| 4,734
1,573
1,316
1,472
1,372
1,015
1,051
6
10
875 1,207
591
155
11
898
106
4
896
151
2,884
5,328
3,251
3,462
1,869
26
1,250 4,492
216 1
535
28
24
1,324 4,967
333
225
40
2,803
408
20
2,850
592
22
20
1,596 1,093
251
203
6,935| 7,176
7,658
6,363
6,298
7,674
5,952
4,732
3,793
4,477
572
355
892
743
1,292 1,047
758
463
359 1,818
703
547
653
317
1,500
642
440
412
518
1,289
1,562 1,220
437
705
317 1,681
804
532
272
289
608
2,540
268
1,143
1,194
341
268
635
281
602
315
357
930
367
249
355
151
1,069
470 1 392
568
269
1,090
495
268
467
886
291
352
216
134
189
709
565,
3,000
2,229
2,649
4,610
1,566
1,928
1,489
634
2,020
346
315
1,585
329
180
2,137
332
217
263
3,816 ^1,772
456
577
178
199
1,050 1,479
317
271
71
101
1,190 2,483
228
257
3,744
2,793
1,545
6,615
1,167
905
1,302
1,145
519
708
353
836
507
1,187
1,009
1,012
909
781
272
1,499
738
531
1,185 1,360
1,426 1,141
1,260
585
810
1,149
703
647
183
228
1,025 1,302
3,175
2,786
2,425
288
2,007
880
263
2,024
499
265
1,752
408
2,491
3,880
3,350
3,239
5,292
2,273
2,030
1,796
779
2,003
1,026
2,854
1,319
2,031
855
2,384
1,145 1,269
4,147] 2,475
776
933
1,860 1,497
430
1,600
883
913
1 2,680 2,548
1,797
2,096
1,882
2,744
2,398
1,259
2,019 1,773
661
775
1,191
606
1,426
670
1,306
576
2,183
561
1,775 1,339
572
623
1,943
2,322
1,853
1,902
1,941
1,849
1,728
1,610
491
742
554
55
101
937
731
513
61
80
512
703
559
55
517
696
544
44
140
437
638
634
62
78
451
665
492
43
77
535
517
413
77
68
477
727
525 \
52
72 1
1 3,180 5,355
......
' « "'•
_,e exxco
1940
2,099
2,782
|
December
1942
528
486
280
86
1,079
1,340
36
55
163
178
13
24
2,169
4,344
October *
1942
3,518
u\
176
21A
460 2,113
201
333
126
134
2,217 2,561
73
i
1,911
2,841
1,266
379 t 413
1,166 I 853
2,078
1,363
857 1,693
402
385
1,143
210
1,113
1,081
800
876
335
375
296
67
40
275
416
309
30
51
217
289 j
265 !
5f
24
219
306
311
14
26
1,178
868
L
310
3,031
2,971 4,675
2,734
3,563
4,064
2,417
3,438
194
254
445
347
278
422
134
I
145
j 3,085 1,920
205
424
4 H 1,092
508
229
106
136
1,987 2,545
186
291
348
413
258
309
107
101
1,835 2,449
167
259
1,134
96
2,408
155
273
241
118
1,630
158
223
286
245
141
147
90
68
2,698 1,594
! 1,290 1,350
825
960
698
686
150
214
69
253
4,193
|
|
2,212
1,064
1,193
1,187
1,426
243
444
211
521
406
233
192
459
289
362
220
479
267
207
195
395
343
297
203
350
281
304
173
429
322
579
212
313
277
149
112
287
269
181
165
345
211
159
63
265
1 1,311 1,863
1,534
1,981
1,263
1,451
1,685
1,598
887
651
149
91
86
135
278
397
226
307
491 1,233
55
67
143
114
277
236
442
51
134
85
358
195
607
72
51
34
204
120
456
22
33
35
148
87
321
27
7,386
3,428
1 1,067 1,419
|
W
286
219
166
1 396
1941
1,431
3,136
1,111
2,621
Statistical Supplement
1940
1942
985 2,939
115
65
877 1,035
92
72
147
182
16
38
3,732| 4 , 5 6 7 |
Idah
1941
36,918 41,007
1,172|
854
101
103
1,131 1,068
94
83
U5
199
12 1
35
N h
Septembei
August
July
I
J
1,439
1,411
87
171
373
228
937
62
121
124
393
203
539
59
88
97
353
210
6I4.
49
I 5,306 5,905
5,603
5,186
5,000
5,549
7,983
6,079
5,150
80
298
4,976 5,778
1
32
47
239
5,317
108
5,014
6-4 |
64
63
4,901
36
110
5,374
65
85
7,855
43
88
5,930
61
58
78
5,058 7,425
34
90
|
150
122
291
199
497
52
1
91
43
89
43
200
183
184
99
1,081 1,172
40
5Q
7,593
59
38 j
7,293 3,167 j
223
34
II
Table 10.—New
residential construction in all urban areas of the United States, 1930-1941
Number of family units provided
Type of construction
1930
1931
249,000
184,000
1933
1934
62,000
45,000
46,000
1935
113,000
Ml
~
3-and-more family dwellings
1932
—
—
249*000
184,000
—
62,000
—
45,000
—
46,000
1936
1938
1937
1939
1940
1941
135,626
201,868
239,047
286,654
333,166
366,471
131.: 245
11,163
43,218
143,325
12,962
45,581
166,348
13,875
58,824
212,135
14 697
59,822
262,021
19,966
51,179
292,397
22,770
51,304
5,000
13,347
3,599
6,706
55,453
64,300
67,945
118,000
198,973
205,467
245,753
342,107
397,466
434,416
Table 11.—New residential construction in all urban areas of the United States, 1940 and 1 9 4 1 ,
by months
Permit valuation
Number of family dwelling units provided
Private construction
Public
construction
Year and month
3-and-more
family
dwellings
1940
January
February
March
April
May
June
July
August
September
October
November.•
December
Private construction
Total
urban
construction
Public
construction
3-and-more
family
dwellings
Total
urban
construction
;
^..'..........
*
•
Annual Total'
11,018
14,329
21,882
26,891
26,809
23,102
25,774
26,283
25,481
26,171
18,490
15,791
997
1,352
1,568
2,0351,770
1,513
1,841
1,912
2,091
2,219
1*449
1,219
3,970
5,293
5,060
5,268
4,661
3,079
3,965
3,435
3*510
4,765
3*532
4,641
15,985
20,974
28,510
34,194
33,240
27,694
31,580
31,630
31*082
33,155
23,471
21,651
2,935
3*917
3,563
4,130
4,704
2,167
5,051
5,288
7,399
9,942
7,651
7,553
18,920
24,891
32,073
38,324
37,944
29,861
36,631
36,918
38,481
43,097
31,122
29,204
262,021
19,966
51,179
333,166
64,300
397,466
16,852
16,220
24,453
30,505
30,351
30,161
31,638
28,855
25,547
24,931
17,9a
14*943
1,339
1,467
2,204
2,281
2,362
2,209
2,063
1,933
2,267
2,010
1,445
1,190
6,028
3,758
4,776
5,193
6,065
4,470
6,435
2,626
2,520
2,930
5,038
1,465
292,397
22,770
51,304
£41,529
54,075
81,716
102,343
102,809
, 89,499
100,502
99,330
98,338
102,027
72,474
63,292
$2,520
3,223
3,748
4,965
4,480
3,921
4,805
5,015
5,073
5,677
3,616
3,172
$14,944
17,040
14,607
14,636
12,119
7,882
10,310
8,931
9»644
14,400
9,846
13,446
50,215
147,805
$58,993
74,338
100,071
121,944
119,408
101,302
115,617
113,276
113,055
122,104
85,936
79,910
$8,316
11,553
11,298
11,504
15,332
1
5,951
14,388
15,633
24,819
32,026
23,422
22,805
$67,309
85,891
111,369
133,448
134,740
107,253
130,005
128,909
137,874
154,130
109,358
102,715
197,047
1,403,001
8,850
19,644
12,676
29,492
14,323
31,667
16,918
29,103
32,181
12,951
12,147
8,116
, 95,662
97,220
128,452
171,606
156,847
'172,350
168,832
157,732
147,650
126,163
101,238
73,299
1941
January
February
March
April
May
June
July
August
September
October
November
December
Annual Total
24,219
21,445
31,433
37,979
38,778
36,840,
40,136
33,414
30,334
29,871
24,424
17,598
366,471
2,808
6,275
3,914
9,441
4,674
10,002
4,695
7,593
9,2373,548
3,506
2,252
27,027
27,720
35,347
47,420
43,452
46,842
44,831
41,007
39,571
33,419
27,930
19,850
67,945
434,416
65,472
62,893
96,165
121,194
121,002
122,15C
127,682
116,903
102,616
99,650
69,910
58,516
3*177
3,629
5,654
5,838 '
5,895
5,926
5,339
5,238
6,262
5,486
4,068
2,982
18,163
11,054
13,957
15,082
15,627
12,599
18,89^3
6,488
6,591
8,076
15,113
3,685
86,812
77,576
115,776
142,114
142,524
140,683
151,914
128,629
115,469
113,212
89,091
65,183
228,068
145,328
1942
January
February
Uarch
April
May
June
July
August
September.
October
November
December.
•
-
Annual Total'
Type of unit
January
February
54,083
34,791
1*314
ill
Table 12.—Progress of the defense housing program during 1941
March
April
72,803
45,157
5,424
87,260
58,542
9,604
2,035
1,859
2,035
1,909
5,345
1,400
6,991
4,973
May
June
July
August
September
October
November
December
118,935
91,213
38,395
123,379
102,182
48,084
126,259
105,802
56,581
129,154
106,412
63,684
6,754
3,834
1,611
7,334
3,869
1,590
8,345
6,084
2,020
8,745
6,084
2,434
11,141
8,124
5,578
10,809
9,090
5,210
11,051
9,090
6,585
11,051
9,090
6,894
Family dwelling units (regular):
Family dwelling units (trailers)
and portable houses)
Under construction contract....
—
: ::
97,3--3
70,146
17,522
109,688
78,465
25,954
2,309
2,109
390
4,094
2,159
1,170
4,154
3,634
1,675
III
P
!
HI
Under construction contract....
6,991
5,751
750
8,891
6,525
3,0-76
9,591
7,124
3,670
9,591
7,624
4,931
111,545
83,535
32,432
Units for single persons:
Under construction contract....
12
2,445
1,400
2,445
1,400
Federal Home Loan Bank Review
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73,378
90,368
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50,093
58,309
71,522
82,330
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60,096
63,934
83,112
88,553
100,208
75,456 64,503
72,931 64,070
93,297 86,076
114,400 94,567
127,938 104,749
78,314
71,647
89,732
111,775
129,934
77,017
82,234
74,709
67,639
85,172
95,038
114,301 117,622
132,972 129,727
92,211
73,067
94,154
106,984
133,640
89,332
72,279
89,123
114,542
130,953
53,867
49,102
55,567
66,944
80,440
89,600
73,307
83,425
108,001
120,631
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Table 14.—Estimated volume of new home-mortgage loans by all savings and loan associations,
by Federal Home Loan Bank District and by class of association, 1937-1941
[Thousands of dollars]
Bank District and class
of association
September
April
DISTRICT NO. 1
Total:
1937
1938
1939
1940
1941
1942
$ 85,627
74,733
90,379
115,289
146,152
$ 4,859
4,407
4,891
5,862
8,254
$ 4,863
4,381
4,a5
6,155
7,845
$ 5,925
5,132
5,270
6,063
9,126
I 8,007
6,620
6,404
8,474
11,517
$ 8,421
7,129
7,794
10,966
13,834
$ 9,685
7,a5
9,254
11,310
14,493
$ 8,773
7,004
8,759
11,191
15,083
$ 7,007
7,128
9,302
12,267
14,559
$ 7,524
7,064
8,279
11,346
15,019
$ 7,621
6,610
9,496
11,513
U , 615
$ 7,279
6,243
8,858
10,457
11,951
Federal:
1937
1938
1939
1940
1941
1942
20,902
20,744
28,013
39,680
49,939
1,113
1,164
1,280
2,206
2,657
1,087
1,128
1,271
2,079
2,862
1,839
1,338
1,597
2,062
3,168
2,318
1,905
1,970
2,812
4,133
2,175
1,861
2,594
3,906
4,618
2,268
2,211
3,110
3,900
4,974
2,376
2,078
2,649
4.002
5,164
2,003
2,905
4,'374
5,203
1,485
1,829
2,676
3,717
5,a5
1,561
1,875
2,882
4,175
4,728
1,549
1,772
2,785
3,352
3,a9
State member:
1937-•
1938...
1939
1940
19a
1942
39,113
36,096
43,800
56,561
74,562
1,970
2,083
2,404
2,695
4,314
2,055
2,150
2,125
2,790
3,992
2,334
2,569
2,382
2,945
4,291
3,244
2,9a
3,194
3,882
5,535
3,699
3,642
3,352
5,604
4,287
3,607
3,966
5,738
7,503
4,109
3,325
4,088
5,332
7,902
3,271
3,312
4,858
6,066
7,575
3,913
3,544
4,037
5,863
7,734
3,661
3,237
4,911
5; 546
7,284
3,922
2,799
4,633
5,372
6,619
Nonmember:
1937
1938
1939
1940
1941
25,612
17,893
18,566
19,048
21,651
1,776
1,160
1,207
961
1,283
1,721
1,103
1,019
1,286
991
1,752
1,225
1,291
1,056
1,667
2,445
1,774
1,240
1,780
1,849
2,547
1,626
1,848
1,456
2,236
3,130
1,597
2,178
1,672
2,016
2,288
1,601
2,022
1,857
2,017
1,928
1,813
1,539
2,127
1,781
2,126
1,691
1,566
1,766
1,870
2,399
1,498
1,703
1,792
2,603
1,672
1,440
1,733
1,913
83,335
77,617
97,233
115,475
138,375
5,100
4,657
5,733
6,979
7,424
4,467
3,818
4,854
5,694
7,076
6,516
5,845
5,713
6,491
8,345
6,912
6,979
8,829
8,668
11,378
9,000
6,550
8,174
10,332
13,579
8,624
7,510
9,909
9,969
14,076
8,218
6,969
10,602
13,02
7,333
7,381
10,026
11,816
12,234
7,389
7,248
8,642
12,804
14,288
7,896
8,090
9,400
13,478
13,729
6,113
6,351
8,538
10,150
11,562
20,761
22,807
36,890
33,579
a , 134
1,215
1,007
1,877
2,547
2,299
1,254
1,142
1,377
1,658
2,017
1,597
1,727
2,095
1,859
2,137
1,798
2,272
3,474
2,913
3,057
1,976
1,786
3,135
3,153
3,746
2,428
2,217
4,223
2,830
3,920
2,013
1,879
3,354
2,750
4,032
1,733
2,096
4,484
3,734
4,291
1,770
1,822
3,639
3,387
4,866
1,906
2,314
3,628
3,381
3,801
1,666
2,a7
3,028
2,796
3,534
22,072
19,999
22,602
32,936
43,374
1,249
1,398
1,350
1,671
2,293
1,257
1,084
1,252
1,669
2,203
1,955
1,662
1,544
2,001
2,623
1,933
1,717
1,852
2,595
3,339
2,973
1,868
1,851
2,733
4,010
1,955
1,731
2,116
2,849
3,978
1,884
3,508
4,405
1,836
1,838
2,213
3,092
4,077
1,938
1,789
2,353
3,272
4,329
1,819
1,776
2,225
3,a2
4,648
1,518
1,609
2,128
3,297
3,775
40,502
34,811
36,7a
48,960
53,867
2,636
2,252
2,506
2,761
2,832
1,956
1,592
2,225
2,367
2,856
2,964
2,456
2,074
2,631
3,585
3,181
2,990
3,503
3,160
4,982
4,051
2,896
3,188
4,446
5,823
4,2a
3,562
3,570
4,290
6,178
4,516
3,262
3,461
4,344
4,975
3,764
3,447
3,329
4,990
3,866
3,631
3,637
2,650
6,145
5,093
4,171
4,000
3,547
6,685
5,280
2,929
2,325
3,382
4,057
4,253
Votals
1937
1938
1939
1940
1941
1942
67,781
62,561
79,284
93,084
111,619
6,689
4,425
4,373
5,402
5,666
3,584
3,806
4,051
6,272
6,081
5,629
5,249
6,059
7,231
8,431
6,446
6,149
8,243
8,047
9,142
5,125
5,625
7,692
9,010
10,949
6,562
5,638
8,338
8,362
10,991
5,573
5,263
6,753
9,145
10,569
5,516
5,281
6,805
8,992
9,788
5,398
5,323
6,938
7,960
10,925
5,401
5,642
7,551
8,484
11,285
6,176
5,117
6,406
7,017
9,075
Federal:
1937
1938
1939
1940
1941
1942
12,438
12,981
22,726
36,563
42,491
607
731
1,756
2,a4
595
822
1,076
2,0a
2,376
933
1,061
1,459
2,916
3,057
1,319
1,171
1,701
2,674
1,211
1,148
1,911
3,663
3,847
1,266
1,159
2,707
3,831
4,849
1,235
1,132
1,770
3,600
1,071
1,115
2,128
3,461
4,002
1,084
1,150
2,179
3,165
3,999
1,116
1,073
2,599
3,543
3,860
964
1,090
2,164
2,875
3,278
19,102
17,842
20,597
23,538
29,276
972
1,409
1,233
1,358
1,591
1,030
1,069
1,106
1,332
1,671
1,259
1,715
1,791
1,767
2,210
2,072
1,681
1,969
2,323
2,601
1,792
1,768
2,202
2,265
2,979
1,981
1,822
1,944
2,113
2,738
1,951
1,390
1,970
2,189
2,548
1,998
1,404
1,645
2,298
2,459
1,749
1,419
1,573
2,155
2,351
1,570
1,425
2,119
2,221
3,036
1,292
1,348
1,506
1,782
2,6a
36,2a
31,738
35,961
32,983
39,852
5,110
2,285
2,248
2,288
1,661
1,959
1,915
1,869
2,899
2,034
3,437
2,473
2,809
2,548
3,164
3,055
3,297
4,573
3,050
3,123
2,122
2,709
3,579
3,082
4,123
3,315
2,657
3,687
2,a8
3,404
2,387
2,7a
3,013
3,356
3,935
2,447
2,762
3,032
3,233
3,327
2,565
2,754
3,186
2,640
4,575
2,715
3,144
2,833
2,720
4,389
3,920
2,679
2,736
2,360
3,156
1942
DISTRICT NO. 2
Total:
1937
1938
1939
1940
1941
1942
Federal:
1937
1938
1939
1940
1941
1942
•
State member:
1937
1938
1939
1940
1941
1942
Nonmember:
1937
1938
1939
1940
1941
1942
•
DISTRICT NO. 3
892
3,as
State member:
1937
1938
1939
1940
1941
1942
Nonmember:
1937
1938
1939
1940
19a
1942
14
,
•
•
•
•
Federal Home Loan Bank Review
Table 14.—Estimated volume of new home-mortgage loans by all savings and loan associations,
by Federal Home Loan Bank District and by class of association, 1937-1941—Continued
[Thousands of dollars]
Bank District and class
of association
September
April
February
DISTRICT NO. 4
Total:
1937..
1938..
1939-•
1940.•
1941.1942.-
$112,307
111,104
138,817
174,909
191,587
$ 7,216
7,365
7,665
10,297
11,551
$ 7,406
6,838
8,778
10,048
11,460
$ 8,868
8,237
9,Til
13,643
14,317
$10,025
10,167
10,630
15,134
16,625
$10,299
9,901
12,058
17,636
17,186
$10,596
9,486
11,853
15,486
18,004
$10,389
9,927
12,167
16,146
17,484
$10,857
11,366
12,728
16,525
18,883
$ 9,756
9,937
12,871
16,224
17,788
$10,141
9,938
14,766
15,574
17,247
$ 8,722
8,980
12,459
14,414
15,511
Federal:
1937.;
1938..
1939-.
1940..
1941-.
1942-.
40,377
39,102
57,368
84,895
92,350
2,492
2,394
2,938
4,563
5,268
2,468
2,365
3,274
5,013
5,866
3,378
3,085
3,938
6,374
7,367
3,680
3,352
4,102
6,923
7,870
4,227
3,233
4,802
8,323
8,214
4,205
3,524
5,158
7,853
8,845
3,833
3,289
5,179
8,074
8,333
3,576
3,615
5,730
8,852
9,511
3,495
3,823
5,483
8,015
8,525
3,402
3,730
6,159
7,930
8,463
2,740
3,213
5,133
6,816
7,276
S t a t e member:
1937
1938
1939
1940.
1941
1942
52,673
52,197
59,287
69,195
82,133
3,670
3,426
3,274
4,137
5,223
3,467
3,312
3,636
3,844
4,739
4,152
3,715
4,261
5,421
5,698
4,691
5,116
4,989
5,985
7,216
4,628
4,911
5,613
6,496
7,406
4,697
4,616
4,881
6,128
7,752
5,316
4,996
5,075
6,431
7,543
4,880
4,555
4,988
6,044
7,852
4,315
4,224
5,569
6,482
7,402
4,670
4,816
6,376
6,249
7,204
4,425
4*546
5,212
6,323
6,880
Nonmember:
1937.•••
1938....
1939.-..
1940....
1941...1942*...
19,257
19,805
22,162
20,819
17,104
1,054
1,545
1,453
1,597
1,060
1,471
1,161
1,868
1,191
855
1,338
1,437
1,572
1,848
1,252
1,654
1,699
1,539
2,226
1,539
1,444
1,757
1,643
2,817
1,566
1,694
1,346
1,814
1,505
1,407
1,240
1,642
1,913
1,641
1,608
2,401
3,196
2,010
1,629
1,520
1,946
1,890
1,819
1,727
1,861
2,069
1,392
2,231
1,395
1,580
1,557
1,221
2,114
1,275
1,355
Total:
1937-•
1938.•
1939..
1940..
1941.1942..
166,270
121,652
156,944
198,767
234,588
8,102
6,928
8,541
9,525
12,904
11,888
7,890
9,585
11,639
13,854
14,193
10,277
12,821
15,627
19,256
18,152
11,590
13 054
18,192
21,521
18,034
11,131
13,531
18,994
22,684
17,132
10,839
14,474
17,?90
23,015
15,007
10,166
13,005
20,531
22,643
13,660
11,546
U,691
20,458
21,242
16,143
11,253
14,475
18,308
21,702
13,818
11,449
14,980
19,705
21,277
10,563
9,335
14,686
15,378
18,076
Federal:
1937..
1938..
1939..
1940..
1941.1942..
57,278
47,212
62,054
73,462
86,988
3,070
2,808
3,518
3,726
4,861
3,555
3,147
3,259
4,167
4,968
5,288
4,006
5,255
5,647
7,081
6,688
4,155
5,185
6,976
8,116
6,048
4,252
5,665
7,055
8,709
5,605
4,328
5,867
6,776
8,367
5,254
3,808
5,113
7,383
8,448
5,022
4,603
6,701
7,389
8,043
5,223
4,240
5,577
6,619
7,996
4,745
4,493
5,835
7,230
8,045
3,405
3,674
5,425
5,438
6,534
80,096
55,556
75,059
96,111
118,263
3,538
2,978
4,073
4,132
6,181
6,442
3,701
4,794
5,902
7,260
6,608
4,549
5,900
7,824
9,861
8,151
5,191
6,166
8,711
10,934
9,696
4,858
6,556
9,409
11,305
4,641
7,084
7,695
11,322
7,188
5,016
6,370
9,607
11,106
6,182
5,144
6,577
9,959
10,464
7,383
5,233
7,197
9,143
10,550
6,683
5,336
7,044
9,553
10,804
5,230
4,350
6,912
7,843
9,724
28,896
18,884
19,331
29,194
29,337
1,494
1,142
950
1,667
1,862
1,891
1,042
1,532
1,570
1,626
2,297
1,722
1,666
2,156
2,314
3,313
2,244
1,703
2,505
2,471
2,290
2,021
1,310
2,530
2,670
2,637
1,870
1,523
2,919
3,326
2,565
1,342
1,522
3,541
3,089
2,456
1,799
1,413
3,110
2,735
3,537
1,780
1,701
2,546
3,156
2,390
1,620
2,101
2,922
2,428
1,928
1,311
2,349
2,097
1,838
Total:
1937.1938..
1939..
1940.•
1941..
1942..
41,032
35,617
48,310
62,889
70,602
2,485
2,087
2,441
3,338
4,357
2,974
2,554
3,215
3,878
4,939
3,205
2,712
3,309
4,227
5,105
3,729
2,740
3,903
5,407
6,080
3,924
2,663
4,243
5,782
6,367
3,829
3,13-7
4,084
6,016
6,536
3,684
3,206
3,913
5,779
6,530
3,752
3,616
5,090
6,246
6,953
3,846
3,159
4,850
6,178
6,693
3,828
3,488
4,663
6,503
6,535
3,115
3,060
4,407
4,861
5,210
Federal:
1937-.
1938..
1939..
1940..
1941-.
1942..
18,900
16,520
22,734
31,318
35,508
1,157
962
1,133
1,601
2,287
1,359
1,192
1,566'
1,812
2,380
1,395
1,200
1,515
1,836
2,623
1,842
1,201
1,920
2,476
3,167
1,765
1,299
1,918
2,713
3,201
1,868
1,449
1,904
3,078
3,408
1,672
1,551
1,832
2,982
3,342
1,664
1,768
2,236
3,216
3,492
1,678
1,309
2,246
3,028
3,383
1,775
1,566
2,165
3,525
3,111
1,423
1,634
2,176
2,672
2,483
State member:
1937
1938
1939
1940
1941
1942
•
18,026
16,021
22,258
28,103
32,313
1,099
963
1,200
1,480
1,851
1,262
1,184
1,450
1,791
2,352
1,320
1,283
1,571
2,179
2,250
1,635
1,317
1,722
2,525
2,733
1,684
1,208
1,970
2,701
2,913
1,633
1,467
1,852
2,671
2,881
1,749
1,368
1,822
2,566
2,954
1,715
1,569
2,423
2,698
3,261
1,788
1,485
2,259
2,756
3,041
1,652
1,579
2,170
2,675
3,155
1,358
1,168
1,967
1,969
2,419
4,106
3,076
3,318
3,468
2,781
229
162
108
257
219
353
178
199
275
207
490
229
223
212
232
252
222
261
406
180
475
156
355
368
253
328
221
328
267
247
263
287
259
231
234
373
279
431
332
200
380
365
345
394
269
401
343
DISTRICT NO. 5
State member:
1937
1938
1939
1940
1941
1942
Nonmember:
1937-...
1938....
1939-...
1940....
1941-...
1942....
DISTRICT NO. 6
Nonmember:
1937...1938....
1939
1940
1941
1942
Statistical Supplement
303
269
334
258
264
220
308
IS
Table 14.—Estimated volume of new home-mortgage loans by all savings and loan associations/
by Federal Home Loan Bank District and by class of association, 1937-1941—Continued
[Thousands of dollars]
Bank D i s t r i c t and c l a s s
of a s s o c i a t i o n
DISTRICT NO. 7
Total:
1937
1938
1939
1940
1941
1942
$ 93,037
78,865
98,382
121,842
135,923
Federal:
1937
1938
1939
1940
1 9 4 1 . • • •'
1942
'> 4,857
4,739
5,134
6,881
$ 5,559
4,437
5,444
7,153
8,279
$ 8,196
6,482
6,820
10,096
10,795
$10,028
7,547
8,505
11,8a
13,346
$ 9,787
8,056
9,304
11,358
13,210
$11,102
7,364
9,771
10,527
13,165
$ 8,931
6,467
11,472
13,257
10,332
12,080
12,293
2,628
2,208
3,156
2,640
2,869
5,246
5,224
2,659
2,623
2,957
4,570
5,349
3,022
2,721
3,389
4,774
5,204
2,458
2,121
3,158
4,273
4,793
2,568
2,511
3,533
4,743
4,927
$ 7/981
7,a3
$ 7,162
6,753
9,564
$ 5,957
6,175
11,051
12,555
$ 6,288
6,597
8,426
9,549
9,306
2,511
2,206
3,250
4,232
4,720
2,236
2,232
3,132
4,374
4,977
2,188
2,056
3,057
3,327
3,440
1,861
2,270
3,071
3,650
3,934
$ 7,189
6,835
8,946
9,477
28,474
26,519
34,286
47,992
52,818
1,328
1,400
1,665
2,409
2,849
1,531
1,787
2,699
3,094
45,194
33,709
43,685
55,428
65,388
2,285
2,480
2,051
3,011
3,718
2,605
2,160
2,561
3,209
4,057
4,042
2,995
3,049
4,165
5,016
4,879
3,364
3,743
4,784
6,450
4,735
3,188
3,772
5,279
6,163
6,058
2,834
4,240
4,670
5,976
4,567
2,884
3,665
5,334
6,543
3,953
2,904
4,298
5,667
6,016
3,335
2,633
4,567
5,270
5,981
3,590
3,283
4,225
5,258
6,219
2,627
2,564
4,066
4,720
4,593
2,518
2,420
3,448
4,061
4,656
19,369
18,637
20,411
18,422
17,717
1,418
1,461
1,513
1,095
746
1,096
1,245
1,128
1,526
1,279
1,353
2,236
1,472
1,993
1,543
1,893
1,811
1.672
2,393
2,245
2,575
1,509
1,698
2,022
1,809
2,142
1,083
1,985
1,906
1,462
1,465
1,865
1,921
1,460
1,998
2,501
1,670
1,350
1,316
1,914
1,747
1,386
1,459
1,363
l,32u
1,529
1,419
1,359
1,473
1,977
1,303
1,502
1,273
1,578
1,485
1,389
1,235
887
49,211
48,239
61,776
71,461
74,43*
2,526
2,194
2,576
3,742
3,679
2,483
2,730
3,305
3,819
4,060
3,898
3,991
4,348
5,232
5,738
4,555
4,376
5,116
7,763
6,856
4,622
4,289
5,894
7,043
7,281
4,906
4,637
6,113
7,195
7,450
4,997
4,222
5,444
6,999
7,454
4,771
4,739
6,521
7,044
7,943
4,746
5,046
5,823
6,946
7,266
4,558
4,440
5,601
6,377
6,558
3,174
3,849
5,173
4,974
5,359
3,975
3,726
5,862
4,317
4,772
21,224
20,251
29,301
34,999
36,953
1,178
971
1,067
1,526
2,003
1,106
1,060
1,498
1,805
1,951
1,792
1,707
2,033
2,444
2,675
2,185
1,785
2,383
3,297
3,435
2,058
1,730
2,975
3,679
3,739
2,225
1,911
2,856
3,602
3,793
2,193
1,629
2,579
3,607
3,831
1,971
1,958
3,179
3,704
3,905
2,026
2,131
2,742
3,543
3,459
1,644
1,844
2,676
1,401
1,665
2,487
2,636
2,705
1,445
1,860
2,826
2,115
2,205
S t a t e mercber:
1937
1938
1939
1940
1941
1942
15,980
16,102
18,3a
21,385
24,709
861
726
980
1,165
1,182
788
951
1,057
1,226
1,361
1,267
1,268
1,406
1,503
2,092
1,43.7
1,442
1,522
2,854
2,312
1,620
1,377
1,626
1,926
2,410
1,594
1,503
1,543
2,128
2,286
1,786
1,501
1,641
1,894
2,332
1,398
1,529
2,010
2,031
2,556
1,265
1,659
1,890
2,192
2,570
1,507
1,549
1,526
2,202
2,229
993
1,394
1,585
1,401
1,327
1,479
1,198
2,055
1,358
1,552
Nonmeraber:
1937
1933
1939
1940
1941
1942
12,007
11,886
13,634
14,577
12,754
487
497
529
1,051
494
589
719
750
788
743
839
1,016
909
1,230
971
953
1-149
1,211
1,617
1,109
944
1,182
1,293
1.443
1,132
1,087
1,213
1,714
1,465
1,371
1,018
1,092
1.224
1,493
1,291
1,402
1,252
1,332
1,309
1,482
1,455
1,256
1,191
1,211
1,237
1,407
1,047
1,399
1,134
1,077
775
790
1,101
937
827
981
844
1,015
Total:
1937
1933
1939
1940..c
1941
1942
45,081
43,699
56,917
59,951
67,247
2,673
2,935
3,353
3,309
4,407
3,023
3,396
4,235
4,248
4,461
4,039
4,428
5,089
5,300
5,616
4,692
4,455
5,130
5,71:
5,452
4,565
4,319
5,450
5,744
6,053
4,286
4,5a
5,134
5,122
5,892
3,913
4,041
4,575
5,571
6,700
3,539
4,105
5,126
5,334
6,333
4,035
4,148
5,005
5,030
6,329
3,692
4,242
4,745
5,209
6,260
3,168
3,958
4,215
4,101
4,909
3,451
4,131
4,260
4,722
4,330
Federal:
1937
1938
1939
1940
1941
1942
16,186
18,778
23,029
23,754
28-328
986
1,230
1,601
1,564
1,642
1,232
1,244
1,772
1,618
2,019
1,374
1,727
2,081
2,276
2,234
1,633
1,849
2,555
2,a3
2,349
1,675
1,654
2,153
2,236
2,533
1,563
1,560
2,011
1,942
2,529
1,549
1,619
1,633
2,149
2,770
1,338
1,544
1,947
2,168
2,738
1,304
1,469
1,994
1,970
2,576
1,286
1,701
1,798
2,036
2,682
1,070
1,626
1,315
1,647
2,075
1,176
1,555
1,664
1,735
1,976
State member:
1937
1938
1939
194U
1941
1942
25,950
27,591
31,796
34,063
37,419
1,439
1,536
2,037
2,114
2,a9
1,559
1,869
2,253
2,387
2,374
2,370
2,464
2,766
2,812
3,328
2,509
2,425
2,467
3,070
3,000
2,484
2,426
3,030
3,234
3,373
2,480
2,353
3,083
2,932
3,208
2,256
2,231
2,724
3,228
3,577
2,096
2,a9
3,037
2,983
3,505
2,461
2,495
2,924
2,995
3,614
2,240
2,403
2,758
3,056
3,471
2,034
2,109
2,286
2,405
2,776
2,022
2,361
2,431
2,792
2,769
248
169
215
131
146
232
283
210
243
295
237
242
212
54
550
181
158
223
103
406
239
267
224
137
243
128
90
248
155
113
191
213
194
353
105
142
U2
178
95
270
184
87
115
139
166
138
139
117
107
64
223
114
49
58
253
215
165
195
85
S t a t e raeniber:
1937
1938
1939
1940
1941
1942
'.
unembe
1937
1938
1939
1940
1941
2,as
3,695
4,307
1942
DISTRICT NO. 8
Total:
1937
1938
1939
1940
1941
1942
Federal:
1938
1939
1940
19a
1942
3,oa
3,252
DISTRICT NO. 9
Nonmeraber:
1937
1938
1939
1940
1941
1942
16
,
2,945
2,330
2,092
2,134
1,500
Federal Home Loan Bank Review
Table 14.—Estimated volume of new home-mortgage loans by all savings and loan associations,
by Federal Home Loan Bank District and by class of association, 1937-1941—Continued
[Thousands of dollars]
Bank District and class
of association
September
April
DISTRICT NO. 10
Total:
1937
1938
1939
1940
1941
1942
$ 3,695
2,980
3,955
4,920
4,650
$ 4,011
3,302
4,471
4,863
5,563
$ 4,043
3,5a
4,251
4,358
5,131
$ 3,689
3,633
4,116
4,565
4,822
$ 3,398
3,276
3,733
3,481
3,558
2,027
1,711
2,282
2,569
2,835
1,670
1,264
1,871
2,517
2,455
1,797
1,463
2,129
2,366
3,125
1,690
1,572
2,144
2,273
2,837
1,439
1,712
1,960
2,437
2,671
1,321
1,465
1,843
1,752
1,138
1,124
1,091
1,118
1,135
1,260
1,201
1,U0
1,U9
1,252
949
987
1,023
1,061
1,214
1,014
956
1,238
1,070
1,399
1,239
1,113
1,076
1,100
1,351
1,034
953
1,149
1,098
879
949
843
948
1,017
1,455
978
984
1,151
1,035
1,56*2
1,037
1,001
1,129
1,197
1,318
1,140
1,079
1,156
1,063
1,076
729
1,061
1,342
981
1,200
883
1,104
1,427
1,039
1,031
985
943
1,216
968
1,076
979
1,053
1,198
862
1,047
781
652
3,849
2,712
2,720
3,604
4,617
4,192
2,670
2,909
4,154
4,506
3,767
2,645
3,234
4,199
4,862
3,606
2,547
3,608
3,592
4,796
3,062
2,318
3,270
3,736
4,697
2,693
2,699
3,U9
3,858
4,357
2,729
2,530
3,265
3,770
4,021
2,259
2,426
3,286
3,523
4,191
1,807
2,024
3,089
3,212
3,338
1,477
927
1,174
1,643
2,064
2,292
1,613
1,619
2,234
3,367
2,487
1,589
1,835
2,523
2,888
2,201
1,310
2,210
2,551
3,219
2,007
1,269
1,915
2,261
2,914
1,659
1,126
1,855
2,436
3,050
1,549
1,485
1,975
2,252
2,783
1,494
1,4U
1,900
2,364
2,518
1,248
1,433
1,908
2,261
2,592
1,043
1,067
1,666
1,869
2,042
744
604
581
1,370
794
1,014
1,182
1,164
1,494
858
969
1,409
1,477
1,339
1,050
936
1,489
1,490
1,388
963
1,413
1,217
1,829
1,177
778
1,166
1,170
1,359
1,042
871
1,086
1,357
1,412
1,003
933
1,191
1,262
1,335
923
785
1,115
1,113
1,315
638
733
1,103
1,074
1,047
187
305
87
211
223
105
222
141
227
285
226
414
249
130
102
343
159
153
211
315
280
114
53
249
162
232
186
174
144
168
263
149
284
126
224
320
269
249
8,282
6,507
7,271
8,328
9,443
8,054
6,422
6,953
9,570
9,432
7,279
6,284
7,194
8,658
9,291
7,278
5,901
7,065
7,141
10,072
5,987
5,076
6,344
8,209
10,493
5,897
6,133
6,797
8,139
9,574
5,543
5,605
5,769
7,913
8,612
5,364
6,138
5,807
8,418
8,864
4,700
5,280
6,086
6,973
6,894
2,242
1,777
3,010
3,503
4,180
3,550
2,077
3,612
4,393
5,017
3,769
2,637
3,576
5,560
5,034
3,194
2,299
3,575
4,870
4,891
3,093
2,250
3,672
4,019
5,904
2,781
2,327
3,057
4,903
6,260
2,671
2,697
3,698
4,346
5,572
2,429
2,688
3,260
4,167
4,492
2,181
2,561
3,112
4,374
4,325
2,059
2,541
3,206
3,716
3,255
2,447
2,711
2,923
2,521
3,366
2,521
2,977
2,453
3,120
3,476
4,364
3,565
3,412
3,707
4,313
4,057
3,123
3,084
3,757
4,298
3,500
3,776
3,427
3,499
4,326
3,742
3,107
3,203
2,924
4,132
3,021
2,669
2,718
3,094
4,193
2,949
3,005
2,967
3,537
3,966
2,918
2,728
2,353
3,498
4,045
2,755
3,404
2,298
3,790
4,467
2,192
2,546
2,430
3,009
'3,572
472
478
121
161
126
411
925
161
90
143
368
865
247
228
123
228
662
293
253
100
585
209
192
289
74
443
544
190
198
36
569
212
40
277
431
132
256
36
196
189
156
248
75
428
173
3*7
254
72
449
193
450
248
67
$ 46,476
41,148
47,505
51,052
54,605
; 2,508
2,691
3,023
2,905
3,490
$ 3,093
2,949
2,888
3,326
3,378
* 4,614
3,646
4,187
4,526
4,373
$ 4,808
3,592
3,699
5,035
4,776
$ 4,509
3,687
4,555
4,815
5,657
18,979
18,116
23,340
26,818
29,981
987
1,267
1,394
1,437
1,821
1,126
1,185
1,234
1,748
1,868
1,763
1,607
2,189
2,505
2,332
2,040
1,551
1,830
2,764
1,809
1,526
2,463
2,568
3,325
12,421
12,290
12,162
11,960
13,424
676
660
873
697
864
1,012
923
782
884
1,136
1,256
1,028
973
1,101
1,313
1,063
885
1,120
1,061
15,076
10,742
12,003
12,274
11,200
845
764
756
771
861
1,103
752
731
796
626
1,715
783
970
1,048
940
33,839
28,007
34,673
41,275
48,633
• 1,782
1,630
1,721
2,271
2,985
2,221
1,615
1,915
2,577
3,098
19,755
15,426
20,550
25,615
31,317
1,259
992
962
1,422
1,908
12,266
9,608
12,028
13,800
15,386
523
509
756
1,001
1,818
2,973
2,095
1,860
1,930
129
91
93
76
84
160
45
102
Total:
1937
1938
1939
1940
1941
1942
72,583
69,754
77,163
93,585
104,937
5,070
5,044
5,616
5,933
7,643
5,174
5,679
5,624
6,713
7,799
Federal:
1937
1938
1939
1940
1941
1942
32,004
28,443
40,046
51,038
56,413
2,151
1,855
2,567
3,251
4,151
State member:
1937
1938
1939
1940
1941
1942
36,393
36,459
33,926
39,919
47,557
4,186
4,852
3,191
2,628
967
•
•
•
•
Federal:
1937
1938
1939
1940
1941
1942
•
•
•
•
•
•
State member:
1937
1938
1939
1940
1941
1942
•
•
Noamember:
1937
1938
1939
1940
1941
•
1942
•
•
-
•> 4 , 6 0 5
4,052
4,501
4,874
5,150
DISTRICT NO. 1 1
Total:
1937
1938
1939
1940
1941
1942
Federal:
1937
1938
1939
1940
1941
1942
State member:
1937
1938
1939
1940
1941
1942
-
Noiimember:
1937
1938
1939
1940
1941
1942.
DISTRICT NO. 12
N'onraember:
1937
1938
1939
1940
1941
1942
Statistical Supplement
Table 75.—Nonfarm mortgages recorded by type of mortgagee, 1939-1941
[Amounts are shown in thousands of dollars]
Savings and loan
associations
Banks and
trust companies
Insurance
companies
Other
mortgagees
Mutual
savings banks
Total
percent
Total
Percent
Total
Percent
NUMBER:
56,582
TOTAL.
January
February...
March
April
May
June
July
August
September.
October...
November..
December..
TOTAL.
January
February...
March
April
May
June
July
August
September.
October...
November..
December.,
TOTAL..
30,005
31,015
38,734
44,188
49,166
45,564
46,667
46,706
45,595
48,145
39,180
37,984
31.3
32.8
34.7
35.4
36.3
36.0
35.3
34.7
35.5
34.8
33.5
32.8
4,392
4,240
4,631
5,484
5,887
5,922
6,228
6,525
6,091
6,977
5,816
5,736
502,949
34.6
67,929
34,459
34,909
42,496
48,266
52,802
50,393
51,882
50,057
49,262
49,574
40,423
39,940
31.4
32.6
34.2
34.6
35.1
34.1
34.4
34.6
33.7
32.6
32.0
30.9
5,523
4,753
5,651
6,583
7,190
7,655
7,602
7,298
7,433
8,271
6,519
7,323
544,463
33.5
81,801
278,141
4.6
4.5
4.2
4.4
4.3
4.7
4.7
4.8
4.7
5.0
5.0
4.9
5.0
4.4
4.5
4.7
4.8
5.2
5.0
5.0
5.1
5.4
5.1
5.7
166,892
39,501
21,061
20,110
24,288
26,711
28,495
26,986
28,511
29,137
27,924
31,202
25,988
25,837
22.0
21.2
21.7
21.4
21.0
21.3
21.6
21.6
21.8
22.5
22.3
22.3
2,675
2,548
2,823
3,465
4,111
4,237
4,328
4,298
4,257
4,548
4,024
3,847
316,250
21.7
45,161
24,204
23,711
26,820
30,065
32,148
32,769
32,343
30,731
31,001
32,386
27,225
28,896
22.1
22.1
21.6
21.6
21.4
22.1
21.4
21.2
21.2
21.3
21.5
22.4
3,392
2,985
3,571
4,512
5,258
5,437
5,469
4,990
5,197
5,633
4,769
4,632
352,299
21.6
55,845
2.8
2.7
2.5
2.8
3.0
3.3
3.3
3.2
3.3
3.3
3.4
3.3
2.9
3.2
3.5
3.7
3.6
3.5
3.6
3.7
3.8
3.6
24,884
24,193
27,658
29,532
30,704
27,896
29,689
30,858
28,164
30,635
27,507
27,823
25.9
25.6
24.7
23.7
22.7
22.0
22.4
22.9
21.9
22.1
23.6
24.0
12,844
12,548
13,655
15,341
17,219
16,126
16,837
17,178
16,391
16,975
14,239
14,680
13.4
13.2
12.2
12.3
12.7
12.7
12.7
12.8
12.8
12.3
12.2
12.7
95,861
94,654
111,789
124,721
135,582
126,731
132,260
134,702
128,422
138,482
116,754
115,907
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
339,543
23.3
184,033
12.6
1,455,865
100.0
28,494
27,483
30,990
33.794
35,175
34,613
35,634
34,161
34,982
37,167
31,504
31,559
26.0
25.7
25.0
24.2
23.4
23.4
23.6
23.6
23.9
24.4
24.9
24.5
13,617
13,303
14,666
16,305
17,769
16,970
18,180
17,510
18,295
19,125
16,035
16,668
12.4
12.4
11.8
11.7
11.8
11.5
12.0
12.1
12.5
12.6
12.7
12.9
109,689
107,144
124,194
139,525
150,342
147,837
151,110
144,747
146,170
152,156
126,475
129,018
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
395,556
24-3
198,443
12.2
1,628,407
100.0
January
February..,
March
,
April
,
May
June
July
August
September..
October
November..
December..
TOTAL.,
AMOUNT:
TOTAL•.
January...
February..
March
April
May
June
July
August
September.
October
November..
December..
TOTAL.,
January...
February..
March
April
May
June
July
August
September.
October...
November..
December...
$890,506
74,711
76,944
96,244
110,787
123,485
116,595
113,914
121,979
117,928
125,009
102,267
98,765
28.4
30.1
32.0
32.5
33.1
32.8
32.4
32.4
33.0
32.2
31.2
30.2
21,989
21,350
23,084
27,091
29,075
28,909
30,602
31,839
29,401
33,818
27,900
28,666
1,283,628
31.8
333,724
89,996
91,182
113,574
129,348
143,770
139,647
142,695
139-.156
135,754
138,670
113,353
29.3
30.7
32.6
32.5
33.0
32.4
32.2
32.5
31.9
31.0
30.0
27,691
23,716
27,842
32,313
35,635
37,372
37,262
35,995
36,250
39,896
32,527
8.4
7.7
8.0
7.8
8.1
8.3
8.4
8.2
8.7
8.5
66,342
62,065
75,650
82,569
91,164
87,552
92,658
93,931
89,051
98,462
82,971
83,426
•539,284
$1A2,933
25.3
24.3
25.2
24.3
24.5
24.6
25.3
24.9
24.9
25.3
25.4
25.5
10,520
9,485
10,543
13,122
15,394
16,493
16,067
15,903
15,566
16,826
15,122
14,918
4.0
3.7
3.5
3.9
4.1
4.7
4.4
4.2
4.4
4.3
4.6
4.6
25.0 169,959
8.0
8.1
8.5
8.9
8.6
78,977
74,526
86,178
98,076
107,151
107,827
108,555
105,153
100,712
106,109
92,316
25.7
25.1
24.7
24.6
24.6
25.1
24.5
24.6
23.7
23.7
24.4
12,931
11,662
14,016
16,888
19,705
20,503
21,080
19,213
20,802
22,788
19,653
4.2
3.9
4.0
4.2
4.5
4.8
4.8.
4.5
4.9
5.1
5,.2
48,026
45,333
51,596
56,561
58,372
52,973
55,191
56,770
52,936
59,124
51,504
51,964
18.3
17.7
17.2
16.6
15.7
14.9
15.0
15.1
14.8
15.2
15.7
15.9
41,095
40,451
43,303
50,203
54,981
52,941
53,622
56,394
52,636
55,734
47,621
48,885
15.6
15.8
U.4
14.7
14.8
14.9
14.6
15.0
14.7
14.3
14.6
15.0
262,683
255,628
300,420
340,333
372,471
355,463
367,054
376,816
357,518
388,973
327,385
326,624
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
640,350
15.9
597,866
14.8
4,031,368
100.0
53,891
52,442
59,646
65,708
69,836
67,380
71,456
69,002
70,377
74,891
64,024
17.5
17.7
17.1
16.5
16.0
15.6
16.1
16.1
16.6
16.7
17.0
44,154
43,335
47,624
55,972
59,864
57,487
61,991
59,580
61,034
65,636
55,810
14.3
14.6
13.6
14.1
13.7
13.4
14.0
13.9
U.4
14.6
14.8
307,640
296,863
348,880
398,305
435,961
430,216
443,039
428,099
424,929
447,990
377,683
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
TOTAL.,
January...
February..
March
April
May
June
July
August
September.
October
November..
December..
TOTAL..
18
Federal Home Loan Bank Review
Table 16.—Savings and loan nonfarm mortgages recorded, by FHLB District and by State, 1940-1941
[Amounts are shown in thousands of dollars]
Annual
Total
Federal Home Loan Bank
D i s t r i c t and S t a t e
UNITED STATES.
No. 1 — Boston.
Connecticut.
Massachusetts.
Rhode Island.,
1940
19U
1942
$ 96,244 $110,787 $123,485 1*116,595 31-7
113,574 129,348 143,770 139,647 31.9
$1,283,623 31.8
1,489,9091 31.5
$74,711
,996
$76,944
91,182
131,279 37.3
152,248 56.4
8,537
9,001
7,171
8,113
7,806
9,900
9,645
11,012
12,931
14,344
749
840
777
891
999
1,182
1,107
1,537
602
374
12,926 16.2
17,169| 15.7
1940
19U
1942
7,000
5,334
32.5
27.2
525
517
403
506
500
501
1940
1941
1942
94,251
112,539
46.6
47.6
5,939
6,424
4,803
5,464
5,256
7,301
1940
1941
1942
5,383 33.4
4,185! 25.4
448
228
425
281
465
245
1940
1941
1942
8,411 36.5
10,449I 39.2
615
823
530
850
1940
1941
1942
o. 2 — New York.
West Virginia.,
No. 4 — Winston-Salem.,
$118,914 $121,979 ,$117,928
142,695 139,156 135,754
$125,009 [$102,267
138,670 113,353
37.0
36.4
12,856
16,135
12,353
14,749
12,710
13,449
12,577
15,912
11,885
12,477
1,1281 15.9
1,661 15.4
1,453
1,989
1,149
.1,841
1,164
1,519
1,109
1,871
1,369
1,584
683 34.4
360 fl 25.5
676
597
439
348
746
461
698
493
512
415
8,813
9,132
12,558
14,627
9,290
11,352
44.8
47.9
9,261
11,716
9,269
10,700
9,358
9,981
9,300
11,638
572
253
412
368
39.5
23.4
371
a7
481
542
379
369
349
463
360
389.
613
735
792
660
37.4
37.5
867
1,160
719
985
830
893
906
1,162
610
717
253
226
39.5
23.4
228
256
296
333
233
226
215
285
221
240
8,203 J 20.7
1 0 , a 3 J 21.2
9,289
10,381
9,376
11,238
9,591
11,718
9,763
10,187
8,489
9,593
3,308
2,572
33.4
25.3
275
140
261
172
94,080
111,073
21.4
21.6
5,729
6,360
4,812
5,207
5,400
6,356
7,157
7,596
8,765
11,108
38,072 22.3
41,969! 20.8
2,618
2,594
2,080
2,137
2,585
2,472
2,736
2,626
3,431
3,864
3,306
3,356
22.9
20.2
3,686
3,255
3,303
4,504
3,680
4,399
4,124
3,640
3,238
4,117
56,008. 20.8
69,104! 2 2 . 1
3,111
3,766
2,732
3,070
2,8.15
3,884
4,421
4,970
5,334
7,244
4,897
7,057
19.3
21.3
5,603
7,126
6,073
6,734
5,911
7,319
5,639
6,547
5,251
5,476
29.0
28.0
5,214
6,105
5,102
5,806
6,674
7,698
7,044
7,986
8,079
10,128
7,777
8,895
29.4
28.5
8,667
9,190
7,618
8,282
6,955
9,555
7,399
9,594
6,788
8,021
2,054 16.9
1,019| 11.2
142
113
133
153
16.3
12.3
222
71
83,686
99,139
No. 3 — Pittsburgh.,
District of Columbia.
Percent]
of 1st
half
[recordings
total
recordings
481
152
121
67
196
73
72, a 3
88,098
30 o4
29.4
4,331
5,279
4,500
5,053
5,939
6,677
5,998
6,973
6,923
8,913
30.6
29.6
7,434
3,156
6,536
7,358
9,219
10,022
24.2
22.3
741
713
469
600
578
938
863
920
939
1,141
26.7
24.8
1,011
963
867
853
189,946 39.0
204,072 3 7 . 1
11,139
13,631
11,607
13,795
13,928
15,607
15,595
17,094
17,585
19,314
16,953 fl 38.9
18,255 36.9
18,102
18,588
3a
15.4
16.2
6,587
8,7a
5,924
7,240
773
730
671
775
743
714
17,511
19,383
17,382
18,403
18,536
18,792
16,082
15,371
295
514
408
500
380
498
306
352
1940
1941
1942
4,179
5,623
14.4
15.0
211
244
289
468
1940
28,889
34,414
43.7
45.4
1,732
2,120
1,807
1,692
2,249
2,501
2,168
2,820
2,641
4,079
2,796
3,177
44.9
44.5
2,784
3,296
2,534
3,225
2,362
2,953
2,658
3,132
2,830
2,213
27,714
25,234
31.4
27.4
1,609
1,458
1,654
2,057
2,255
1,886
2,729
2,055
2,656
1,987
2,834
2,397
31.6
26.3
2,162
2,319
2,763
2,327
2,580
2,693
2,382
2,563
2,012
1,858
16,078
19,712
32.7
30.2
1,260
1,216
897
1,289
1,161
1,373
1,292
1,635
1,432
1,802
1,039
1,665
31.2
30.3
1,516
1,788
1,704
1,778
1,509
1,911
1,637
2,025
1,376
1,671
33,201
a,882
51.5
53.7
1,982
2,353
2,062
2,416
2,969
3,221
3,146
3,716
2,931
3,679
52.4
52.5
3,320
3,861
3,107
4,245
2,798
3,852
3,582
4,217
2,653
3,884
40,220
40,081
51.8
47.5
3,023
3,135
3,315
3,532
3,591
3,287
52.0
48.2
4,045
3,358
3,193
3,887
3,679
3,004
3,358
3,398
3,462
3,157
9,223
10,028
32.6
32.1
932
1,186
778
1,274
31.3
34.8
1,024
736
608
645
912
559
914
498
30,442
27,098
36.1
31.4
2,622
2,335
2,o51
2,250
35.5
31.6
2,891
2,671
3,438
2,845
3,627
2,400
2,529
1,738
19a
627
1942
1940
19a
Maryland.,
1942
1940
1941
1942
1940
19a
1942
North Carolina.
1940
2,939
3,369
3,227
3,287
446
731
571
6a
628
1,072
1,531
2,175
1,388
1,863
1,933
2,204
19a
South Carolina.
1942
1940
1941
1942
1940
1941
1942
Statistical Supplement
2,125
2,478
3,158
2,528
19
Table 16.—Savings and loan nonfarm mortgages recorded, by FHLB District and by State, 1 9 4 0 1941—Continued
[Amounts are shown in thousands of dollars]
Jpercent
Federal Home Loan Bank
D i s t r i c t and S t a t e
Year
1| t°o£t a l
January
Percent 1
of 1st
July
half
record-'
ings
in III III
February
March
$12,188
15,968
$17,156
22,636
$19,602
26,349
£21,155
25,809
$19,402
26,476
47.4
49.1
$20,599
25,837
$21,619
23,803
]
April
June
May
urecord| ings
$216,592
272,524
47.0 i $10,895
14,727
47.9
August
October •jovember
Percent
of 2nd
December h a l f
recordings
$19,155
25,111
$21,619
25,183
$16,779
21,010
$16,423
19,615
46.8
September
III:
26,402
32,541
49.3
50.8
1,389
1,876
1,606
1,926
2,330
3,051
2,524
3,181
2,359
3,009
2,257
3,963
50.4
51.6
2,325
2,813
2,137
2,727
2,248
2,449
2,440
2,715
2,649
2,549
2,138
2,282
48.4
50.0
182, a 2
232,060
51.5
53.4
9,013
12,385
9,869
13,515
14,047
18,300
16,397
22,525
18,266
21,920
16,469
21,S44
51.4
54.4
17,520
21,944
18,722
20,446
16,293
21,937
18,514
21,763
13,5"85
17,981
13,717
17,000
51.5
52.4
7,778 14.6
7,923l 11.2
493
466
713
527
779
785
681
643
530
880
676! 16.6
669| 12.4
754
1,080
760
630|
614
725
665
705
545
480
568
333
13.1
10.3
4,448
5,632
4,964 !
6,262
5,301
6,726
6,388
7,935
7,009
8,068
7,471
7,979
28.0
29.0
7,564
7,396
8,184
8,237
7,567
8,422
8,724
7,912
6,154
6,026
. 5,964
6,430
27.3
25.6
2,556
3,a3
3,644
4,021
3,448
4,251
4,108
4,761
4,146
5,020
4,706
4,638
43.3
42.1
4,490
4,789
5,192
5,029
4,390
5,204
5,284
4,330
3,634
3,967
3,573
3,878
a.5
18.0
17.6
1,892
2,219
1,320
2,2a
1,853
2,475
2,280
3,174
2,863
3,048
2,765
3,3a
17.3
19.4
3,074
3,107
2,992
3,208
3,177
3,218
3,440
3,082
2,520
2,059
2,391
2,552
18.6
16.1
115,598
147,791
36.5
34.6
6,474
9,047
7,195
8,933
8,276
11,011
9,921
13,365
11,754
14,925
10,733
13,518
36.0
34.5
9,173
14,301
10,457
14,123
11,149
13,426
11,655
14,211
9,551
10,534
9,260
9,897
37.0
34.6
1940
1941
1942
86,918
114,222
38.1
35.1
5,014
7,262
5,505
6,981
6,216
8,796
7,654
10,324
8,995
11,468
8,006
10,313
37.3
35.1
6,U9
10,732
7,412
10,616
8,743
10,513
8,659
11,051
1940
1941
1942
28,680
33,569
32.5
32.9
1,460
1,785
1,690
1,952
2,060
2,215
2,267
3,oa
2,759
3,457
2,727
3,205
32.4
32.3
2,754
3,569
3,045
3,507
2,406
2,913
1940
19a
1942
81,656
94,320
29.7
3V1
3,814
5,221
3,720
5,765
5,692
6,638
7,179
8,691
8,436
9,542
7,651
9,389
28.6
29.9
7,674
9,149
8,438
9,287
1940
1941
1942
19,274
21,373
34.3
34.7
884
1,104
962
1,296
1,613
1,596
1,695
2,158
2,088
1,938
1,804
2,143
34.0
33.6
1,753
1,377
1940
1941
1942
32,377
36,402
39.9
38.1
1,615
1,967
1,356
2,193
2,009
2,240
3,054
3,395
3,626
4,056
3,173
3,436
39.2
37.3
1940
19a
25,326
31,577
20.3
22.2
1,062
1,896
1,129
2,033
1,709
2,475
1,911
2,713
2,201
2,930
2,104
3,113
3,247
3,749
42.1
48.4
147
173
250
136
265
232
374
284
364
481
1,432
1,719
18.3
21.5
106
81
23
107
96
95
U5
136
1940
19a
1942
.78,611
87,726
32.6
31.3
5,664
5,358
5,750
5,304
7,107
6,612
1940
19a
1942
6,125
6,275
34.6
33.5
1940
1941
1942
28,437
30,155
51.2
46.9
1940
1941
1942
79,738
87,525
27.9
27.1
49,171
53,301
42.3
a.i
30,567
33,724
1940
1941
1942
III
III
Iowa
Annual
Total
!
!
1
6,9161
8,055
7,379 1 38.3
7,611
35.1
2,996
2,635
2,47Q
1,881
2,286
32.6
33.0
8,586
9,342
8,838
8,719
5,572
6,745
6,056
6,332
30.7
30.3
1,960
2,121
1,900
2,029
2,158
1,996
1,267
1,665
1,190
34.6
1,450 ] 35.7
3,526
3,516
3,639
3,335
3,372
3,972
3,066
3,202
1,399
2,308
2,037
2,282
40.6
38.3
18.1
22.4
•2,020
3,054
2,520
2,918
2,888
2,797
3,033
2,918
2,183
2,444
2,566
2,276
-23.0
22.1
355
430
42.7
49.7
257
407
240
350
339
423
289
424
181
201
186
208
a.4
157
137
210
262
23.9
20,5
118
295
79
63
87
121
292
179
42
127
77
116
15.3
22.6
7,188
6,885
7,622
7,850
6,963
8,079
33.3
31.1
6,138
9,149
6,922
8,493
6,422
7,060
7,091
7,996
5,523
'7,659
6,221
7,281
31.4
32.5
633
579
614
507
445
555
37.7
33.1
483
769
438
486
627
478
363
503
396
458
\lu>
33.9
2,373
2,407
2,545
2,703
2,407
2,830
54.5
47.3
2,314
3,032
2,480
3,185
2,546
2,564
2,577
2,595
2,147
2,406
2,111
2,554
48.2
46.6
344
306 !
374
346
303
359
247
343
23.9
21.9
251
284 !
118
321
200
347
198
32.9
22.5
3,839
4,081
3,517
4,153
26.3
26.3
1942
1940
19a
1942
1940
1941
1942
1940
19a
3,267 2 2 . 1
3,767 j 21.2
1
426
556
390
a3
1,946
1,721
2,103
1,798
202 I
201
268
279
623
517 |
2,888
2,360
1
521
620 1
1942
2,898
1,980
32.1
21.7
239
139
214
147
182
156
37,884
45,549
26.2
27.5
2,851
2,907
2,609
2,667
3,070
3,273
3,524
3,435
47.3
I
U 1
259
355
263
313
319
309
212
271
220
274
20.3
20.5.
i
239
157
224
126
234
123
271
245
202
175
ia
196
31.2
20.9
2,851
4,780
3,438
4,207
2,936
3,574
3,297
4,369
2,599
4,304
3,353
3,799
25.6
28.6
1942
1940
19a
40.2
1940
19a
1942
20
Federal Home Loan Bank Review
Table 16.—Savings and loan nonfarm mortgages recorded/ by FHLB District and by State, 1 9 4 0 1941—Continued
[Amounts are shown in thousands of dollars]
Federal Home Loan Bank
D i s t r i c t and S t a t e
Idaho
Percent
of
t o t a l January
recordings
February
Year
Annual
Total
1940
1941
1942
* 62,369 40.6
66,506 38.9
$3,571
4,081
$3,577
4,096
Percent
of 1 s t
half
recordings
June
August
July
September
April
May
$5,278
5,257
$6,025
5,643
$6,123
7,035
$5,978
6,102
40.9
39.6
$6,054
5,591
$5,815
6,509
$5,547
6,032
March
November
December^
Percent
of 2nd
half
recordings
$5,674
6>208
$4,173
4,590
$4,554
5,362
40.4
38.4
October
1940
1941
1942
9,698
10,579
25.3
25.5
525
571
446
609
833
810
883
942
963
1,007
842
1,089
25.3
25.1
829
807
1,014
901
957
1,023
1,018
1,097
640
804
748
919
26.3
25.8
1940
1941
1942
14,586
17,759
43.7
44.7
735
1,002
869
1,155
1,199
1,426
1,307
1,429
1,U8
2,246
1,374
1,684
42.5
47.5
1,451
1,514
1,380
1,823
1,316
1,601
1,403
1,567
1,042
1,054
1,092
1,258
44.8
42.1
1940
19U
1942
14,790
15,443
51.2
47.0
703
810
770
1,026
1,021
1,243
1,561
1,199
1,569
1,528
1,541
1,457
53.1
46.7
1,555
1,393
1,494
1,754
1,305
1,385
1,311
1,509
1,017
1,070
943
1,069
49.5 .
47.2 ;'"
1940
1941
1942
23,295
22,725
43.4
40.1
1,608
1,698
1,492
1,306
2,225
1,778
2,274
2,073
2,173
2,254
2,221
1,872
43.9
40.6
2,219
1,877
1,927
2,0,31
1,969
2,023
1,942
2,035
1,474
1,662
1,771
2,116
42.9
39.6
1940
1941
1942
45,505
52,463
30.4
30.2
2,748
3,091
3,044
3,401
3,905
4,603
4,352
5,220
4,879
5,298
4,020
4,983
31.1
31.1
3,836
4,820
4,151
4,692
4,189
4,526
4,173
4,505
3,215
3,650
2,993
3,674
29.7
29.3
1940
19a
1942
2,755
2,949
21.8
24.8
156
225
115
226
222
317
345
294
292
332
288
292
23.1
26.4
330
267
215
280
211
260
2a
183
168
148
172
125
20.5
22.9
1940
19U
1942
4,076
3,372
37.3
34.6
336
283
223
252
350
365
329
385
405
356
373
303
38.9
36.2
338
370
393
335
351
320
363
346
387
258
228
299
35.8
33.2
1940
19a
1942
10,718
12,771
31.1
31.1
598
826
720
779
891
1,206
855
1,189
1,068
1,416
929
1,115
30.7
32.6
987
1,245
1,040
1,024
1,162
1,065
1,040
1,121
678
890
750
895
31.4
29.7
1940
1941
1942
6,139
6,569
32.3
29.6
319
273
298
273
427
507
566
645
707
638
564
762
33.2
29.5
476
631
542
744
595
710
615
509
556
470
474
402
31.5
29.6
1940
19a
19,561
23,882
29.7
29.7
1,187
1,315
1,478
1,719
1,828
2,019
2,054
2,513
2,151
2,301
1,707
2,283
30.7
31.0
1,517
2,101
1,777
2,074
1,651
1,935
1,747
2,078
1,267
1,735
1,197
1,809
28.6
2,256
2,420
32.9
33.8
152
164
210
152
187
189
203
194
256
255
159
228
35.7
30.5
188
206
184
235
219
236
167
268
159
149
172
144
30.4
37.6
1940
19a
1942
104,568
114,022
18.0
17.8
6,478
7,742'
7,814
8,532
9,721
10,530
10,691
11,072
9,147
10,349
8,886
10,931
18.1
18.8
8,962
11,653
9,535
10,360
8,675
8,710
8,960
8,056
7,677
7,643
7 , CIO
17.9
16.0
1940
1941
1942
2,536
3,260
15.5
18.3
"144
209
167
217
181
225
309
240
208
261
266
292
14.5
16.3
183
280
286
303
176
339
188
234
195
325
233
285
16.7
20.7
101,462! 1 8 . 1
110,038; 17.3
6,327
7,487
7,610
8,267
9,500
10,255
10,313
10,778
8,893
10,030
8,561
10,574
18.3
18.9
8,733
11,316
9,154
9,990
8,460
8,295
8,730
9,104
7,318
7,230
7,353
6,662
17.9
16.7
7
46
37
48
40
50
69
54
46
58
59
65
13.9
16.8
95
67
39
76
42
63
43
72
52
63
17.9
20.6
1942
1940
19a
1942
1940
1941
1942
1940
1941
1942
570
724
15.9
18.7
a
62
Table 17.—Nonfarm real-estate foreclosures in the United States, 1930-1941
Year
Annual
Totals
January
February
March
April
"Jay
June
July
August
September
October
November
December
193,800
248,700
252,400
Statistical Supplement
230,350
19,139
17,034
19,143
18,324
19,543
19,356
18,408
18,574
19,242
20,080
20,896
20,561
228,713
21,282
18,488
21,154
20,674
21,353
20,472
18,691
18,339
17,177
18,108
16,203
16,772
185,439
15,095
14,754
15,954
15,054
15,829
15,664
15,803
14,887
16,297
14,910
14-353
151,366
13,259
12,516
14*157
13,945
14,249
14,517
13,069
10,972
11,970
118,505
10,150
9,779
11,080
10,810
11,058
10,784
9,197
9,390
9,384
8,601
9,242
9,030
110,961
8,524
8,290
9,220
9,044
9,853
9,123
8,524
8,149
8,227
7,156
7,683
7,168
75,310
6,483
5,318
6,379
6,404
7,138
6,597
6,293
6,128
6,294
6,305
5,832
5,639
58,381
5,474
4,950
5,650
5,445
5,375
5,047
4,834
4,283
4,374
4,408
4,204
4,337
21
Table 18.—Summary of Federal Home Loan Bank advances (or the United States, by months,
1933-1941
[Thousands of dollars]
Type of operation
January
February
193319341935-«
19361937.
1938..
1939-•
194019a1942..
& 90,027
38,681
59,130
93.257
123,251
81,958
94,781
134,212
157,600
- 2,744
5,237
2,232
5,071
6,570
3,723
2,923
4*386
6,143
. 5,928
3,357
1,298
3,784
4,260
4.071
2,334
2,011
3*182
1933-<
193419351936193719381939194019a1942-
5,437
37,450
42,994
50,651
68,557
83,211
112,310
114*033
139,645
1
1,638
6,905
5*065
8,225
13*279
22,913
28,911
36,786
50
1,844
6,7a
3,642
6,800
7,091
10,571
14,284
17,132
3,581
89,027
81,985
102,800
143,745
190,538
178,852
156,788
170,849
9,459
90,540
76,542
102,942
141-205
187,518
170,614
144,515
156,899
April
July
May
August I September I October November I December
§13*839 ^ 7,920
2,356
2,899
4,103
2,123
5,836
4,511
9,6a
8,591
6,089
4,901
3,898
3,581
4,375
4,973
4,201
5,799
* 8,732
4A03
3*795
7,207
12,170
7*551
6,307
9,884
9,133
$ 8,894
2,950
5,353
11,560
17,769
14,846
16,839
23,481
29,317
$ 6,608
3,621
5,074
8,507
10,221
4*944
6,823
15*543
12,867
V 6,622
2,572
6,972
7,831
11,116
4*294
7*768
12,209
10,872
S 6,822
3,196
6,370
9,576
9,330
6,561
10,152
12,897
12,850
$ 7,535
3,378
8,067
9,487
8,991
4*736
9*605
12,067
13*139
$ 7*273
2,108
5,329
6,414
7*001
5,247
5*827
8,953
9,930
$ 7,110
2,904
8,414
13,473
17,591
14*995
18,724
23,433
40,167
208
3,a4
6,049
4,096
7,077
9,293
12,899
11,248
15,1a
470
5,559
2,708
3,222
6,214
5,465
8,018
8,805
9,929
218
5*583
1*970
2,257
4*825
4,791
5,572
6,186
5,688
284
3*143
1,957
3*895
4,203
5,131
5,789
3,593
4,692
528
3*626
3,429
4,993
7,707
9,277
14,198
10,718
34*619
355
2,784
1,824
4,714
5,080
6,768
9,885
6,029
6,390
508
2,080
1,963
5,027
5,426
6,429
5,935
5,251
7,287
1,251
2,579
2,904
4,313
4,461
5,066
4,638
6,588
7,019
698
1,840
3,836
4*094
3*707
4,780
5,659
4,932
7,157
866
3,360
2,708
5,333
4*832
23,090
90,025
72,616
103,358
142,720
183,125
161,614
137,642
145,959
30,540
86,822
74,011
105,972
146,146
183,750
157,176
133,811
141,828
39,053
85,342
75,836
110,922
153,491
186,510
157,911
137,509
145,273
47,664
85,148
79,233
118,587
167,057
196,225
168,962
157,509
169,897
53,745
85,144
80,877
122,101
169,571
191,892
161,587
162,222
168,145
60,011
84,931
86,025
125,218
175,607
189, A1B
159,470
168,402
172,628
66,325
86,047
90,432
129,767
179,511
189*1550
163,687
176,047
178,191
72,610
86,846
95,595
134,9a
184,041
189,220
16S,654
181,526
184,311
79,184
87,114
97 j
.089
137,261
187,336
189,687
168,822
185,547
187,084
85,427
86,658
102,795
145,401
200,095
198,842
181,313
201,492
219,446
5,sa
6,233
7,488
7,805
BALANCE OUTSTANDING AT
END OF MONTH
193319341935.
1936.
1937.
1938.
19391940.
19a.
1942.
Table 19.—Balance of advances outstanding for each Federal Home Loan Bank, by months,
1933-1941
[Thousands of dollars]
Federal Home Loan Bank
D i s t r i c t and year
February-
April
May
July
August
September
No. 1 — BOSTON
1933
1934
1935
1936
1937
1938
1939
1940
19a
1942
$—
246
3,721
2,193
3,197
6,150
8,145
6,072
4,705
6,428
$1,286
3,232
2,278
3,377
6,362
8,068
5,930
4,634
6,525
$2,246
2,982
2,275
3,519
7,540
8,261
6,369
5,743
7,532
$2,642
2,781
2,355
3,531
7,788
8,230
6,323
7,324
8,632
$3,281
2,5a
2,363
3,844
8,003
8,107
6,308
7,788
9,325
$3,593
2,515
2,533
3,996
8,189
8,176
6,283
8,394
9,950
$3,990
2,546
2,907
4,139
8,717
8,306
6,764
9,492
12,506
$4,111
2,551
3,062
4,487
8,764
8,655
6,617
9,570
12,708
10,711
15,269
1,582
11,850
13,247
15,199
18,125
18,265
16,800
18,600
16,621
2,085
12,459
13,590
15,506
17,991
17,894
15,981
17,864
15,912
2,815
13,048
13,804
15,899
18,352
17,530
16,350
17,016
15,912
3,527
13,4U
14,059
16,113
19,084
17,604
16,926
17,835
17,408
4,121
13, a 3
14,072
16,488
19,409
17,251
17,127
19,448
17,447
4,787
13,897
14,085
16,681
19,200
17,191
16,321
19,598
18,055
6,133
14,192
14,574
17,242
18,897
17,245
17,556
19,998
20,108
7,798
14,209
14,975
17,708
19,245
17,211
19,163
20,211
21,167
9,118
14,004
15,234
17,608
19,216
17,373
18,886
20,760
21,778
10,122
14,302
15,356
18,051
19,906
18,255
19,820
21,159
24,975
2,315
8,996
10,445
11,704
13,731
16,187
16,277
13,830
13,783
3,267
9,247
9,771
11,840
13,898
16,515
16,203
13,690
13,327
4,086
9,935
9,804
12,180
14,204
16,781
16,128
13,742
13,443
4,687
10,237
10,163
12,440
14,584
17,312
16,584
14,913
15,232
5,324
10,474
10,272
12,640
14,815
17,362
16,064
15,595
15,728
5,823
10,605
10,640
12,826
15,310
17,461
15,514
16,186
16,140
6,522
11,015
10,850
13,116
15,335
17,422
16,018
16,687
16,303
6,852
10,950
11,087
13,413
15,833
17,494
16,388
16,785
16,485
7,140
11,161
11,283
13,502
15,813
17,134
16,283
16,887
16,933
8,048
11,340
11,558
13,841
16,401
17,390
16,259
17,386
17,803
4,146
2,358
3,190
5,943
8,426
7,222
5,5
8,188
38
4,013
2,276
3,127
6,017
8,047
6,369
4,838
6,861
31
10,710
14,076
15,340
18,013
18,785
17,515
20,023
18,951
569
11,333
13,582
15,210
17,822
19,017
17,408
19,149
17,813
8,650
11,128
11,606
13,555
16,309
16,972
14,726
15,574
1,084
8,782
10,821
11,743
13,640
16,275
16,571
14,275
14,305
,269
,426
,135
,058
,896
,633
,993
,758
$
$
$4,268
2,598
3,207
5,550
9,803
8,566
7,ao
No. 2 — NEW YORK
1933
1934
1935
1936'.
1937
1938
1939
1940
19a
1942
No. 3 — PITTSBURGH
1933
1934
1935
1936
1937
1938
1939
1940
19a
1942
22
Federal Home Loan Bank Review
Table 19.—Balance of advances outstanding for each Federal Home Loan Bank, by months,
1933-1941—Continued
[Thousands of dollars]
Federal Hcoie Loan Bank
District and year
No. 4
July
August
September
October
November
December
34,990
6,165
6,080
8,826
13,661
18,600
12,952
17,010
20,076
;
J5,201
6,178
6,107
9,47°
14,770
18,354
13,152
19,445
19,862
$5,780
6,078
6,678
9,481
i5,eie
18,077
15,073
21,453
20,617
S6,121
6,195
7,388
10,043
16,949
18,018
16,056
24,569
22,001
$6,473
6,383
7,820
10,466
17,489
18,312
17,255
26,095
22,636
$6,704
6,326
7,354
10,989
18,306
18,240
16,800
26,827
22,894
56,916
6,258
8,005
11,734
19,836
19,700
19,820
30,202
27,410
8,622
17,196
15,135
19,067
25,591
28,009
20,161
13,587
14,725
10,541
16,877
15,374
20,576
26,337
28,389
19,728
14,645
15,892
11,862
17,179
15,449
20,394
26,821
28,083
18,960
15,713
15,606
12.844
16,690
15,994
21,012
27,184
26,371
18,013
16,026
15,597
14,385
16,856
16,400
21,710
27,843
25,666
17,530
17,002
15,052
15,707
17,220
17,574
23,006
28,219
25,472
17,538
17,055
14,643
16,774
16,937
17,657
23,348
27,969
25,534
17,760
17,377
14,843
18,174
16,959
18,107
23,452
29,009
25,918
18,339
18,745
16,872
3,203
6,455
4,215
4,597
8,447
12,230
10,234
8,057
9,723
3,834
6,224
4,150
4,742
8,704
12,086
10,152
8,216
10,139
4,523
6,174
4,095
6,390
9,476
12,084
10,516
9,422
11,016
4,925
6,044
4,113
6,581
9,747
12,094
9,601
9,235
10,621
5,116
5,883
4,251
6,474
11,069
11,897
9,205
9,125
10,812
5,319
5,884
4,273
6,938
11,105
12,742
9,363
9,603
10,906
5,831
5,898
4,330
7,373
11,306
12,453
9,996
10,044
11,117
6,555
5,948
4,504
7,423
11,852
12,793
10,047
10,499
11,434
6,622
5,742
4,604
8,344
12,477
14,303
10,944
11,779
13,781
3,054
11,197
10,543
17,677
25,081
30,925
27,626
21,394
23,337
4,002
11,296
11,070
17,971
25,869
30,699
26,728
21,396
23,643
5,272
11,266
11,653
18,871
26,313
31,050
26,670
23,045
24,752
6,365
11,299
12,325
20,142
27,779
32,558
27.419
25,056
28,851
7,599
11,409
12,700
20,872
27,987
32,364
26,689
24,845
27,931
8,468
11,813
13,802
21,779
28,838
32,519
25,493
26,426
28,411
8,968
11,803
14,351
22,702
29,329
31,837
25,349
27,007
28,493
9,447
11,837
15,309
23,347
29,641
31,690
25,125
27,450
29,368
10,104
12,067
15,983
23,840
30,263
31,761
25,450
28,511
30,041
10,847
11,824
16,830
24,566
31,812
31,804
25,882
29,858
35,251
806
4,551
3,408
5,578
9,240
H,711
14,703
13,644
15,025
1,484
4,558
3,194
5,671
9,564
14,453
14,424
12,681
13,527
1,842
4,436
3,222
5,722
9,500
13,980
13,826
11,681
11,865
2,040
4,431
3,310
6,515
9,876
14,034
13,728
11,684
12,018
2,400
4,373
3,520
7,192
11,092
15,083
15,475
14,369
14,234
3,000
4,137
3,570
7,872
11,888
14,779
14,778
14,507
14,510
3,347
4,208
3,947
8,373
12,813
14,863
15,120
15,730
14,834
3,522
4,274
4,198
8,384
13,614
15,639
16,030
16,764
15,352
3,866
4,292
4,794
8,888
14,200
15,978
16,494
17,594
15,900
4,048
4,330
4,661
8,518
14,753
16,337
16,813
18,060
16,1216
4,295
3,889
5,729
9,388
15,641
17,094
17,619
19,229
19,089
1,084
6,694
4,002
7,257
10,178
10,788
9,122
8,275
7,878
1,700
6,665
3,298
7,450
9,771
10,668
8,806
7,287
7,664
3,050
6,624
2,901
7,705
9,581
10,714
8,445
7,046
7,108
3,901
5,681
2,929
7,763
9,679
10,960
8,167
6,292
6,781
4,308
4,978
3,031
7,832
10,003
10,839
8,225
5,776
6,695
4,836
4,631
3,306
8,332
10,734
11,623
9,179
6,692
7,934
5,035
4,302
3,556
8,794
10,746
10,896
8,614
6,832
8,2a
5,820
3,958
4,656
8,988
10,887
10,561
8,378
6,782
8,505
6,198
4,101
5,288
9,151
11,016
10,468
8,813
6,739
8,621
6,291
4,164
5,580
9,529
10,912
10,241
8,934
6,748
8,779
6,495
4,284
6,006
9,604
10,967
9,738
8,966
6,736
8,852
6,779
4,208
6,571
10,063
12,163
10,518
9,844
8,087
11,504
110
4,187
4,253
4,764
7,220
10,283
10,967
9,956
9,008
305
4,534
3,604
5,020
7,177
10,197
10,508
9,021
7,722
617
4,683
2,613
5,017
7,130
10,059
10,089
8,475
7,081
862
4,591
2,695
5,318
7,386
9,896
10,061
8,449
6,973
1,236
4,070
2,705
5,583
7,527
10,015
10,103
8,425
7,214
1,569
3,946
2,839
6,109
8,039 .
11,284
10,761
9,123
7,891
1,778
4,104
3,286
6,089
8,224
11,311
10,459
9,431
7,928
2,024
4,101
3,718
6,104
8,467
11,645
10,499
9,593
8,319
2,336
4,036
4,064
6,271
8,496
11,508
10,441
9,368
8,549
2,535
4,196
4,252
6,502
8,826
11,438
10,485
9,317
8,225
3,439
4,250
4,552
6,680
8,948
11,326
10,368
9,381
7,366
2,570
1,918
3,153
4,556
6,360
5,374
4,607
5,495
2,549
1,700
2,796
3,821
6,011
4,828
4,117
5,036
158
2,461
1,564
2,877
4,381
6,220
4,856
4,303
5,552
269
2,284
1,623
2,960
4,419
6,352
4,913
4,609
5,613
778
2,186
1,961
3,133
4,828
6,305
5,005
4,797
6,045
1,111
2,147
2,208
3,016
5,903
6,914
5,599
6,785
7,847
1,293
2,161
2,391
3,166
6,459
6,714
5,175
6,064
6,582
1,406
2,157
2,553
3,457
6,731
6,557
5,193
6,005
!6,499
1,724
2,342
2,947
3,745
6,691
6,604
5,341
5,992
6,645
1,869
2,238
3,126
3,707
6,677
6,259
5,392
6,150
6,625
2,314
2,309
2,803
4,031
6,682
5,967
5,350
6,013
6,621
3,371
4,634
6,953
6,484
6,274
7,475
8,790
50
2,865
2,815
1 4,295
7,363
14,080
13,280
13,651
11,545
50
2,906
2,602
4,144
6,670
13,516
12,845
12,040
10,838
207
2,851
2,542
4,392
7,651
13,244
12,585
11,678
10,392
348
2,903
2,622
5,028
8,645
13,769
13,109
12,032
11,262
531
2,849
2,599
5,538
9,586
14,495
13,898
13,354
12,315
869
2,903
2,989
5,932
12,828
16,513
17,454
15,804
15,894
965
2,962
3,006
6,195
10,917
14,454
14,645
13,783
15J057
1,315
3,000
3,338
6,199
11,287
14,169
H,353
13,690
15,514
1,504
2,834
3,566
6,469
12,047
14,225
14,907
13,924
16,211
1,951
2,913
3,841
6,863
12,976
14,366
1 15,120
14,585
1 16,860
2,382
2,947
3,990
7,231
13,803
14,829
15,482
14,926
17,398
2,815
3,012
4,410
8,795
16,057
17,202
18,155
16,966
21,504
March
April
May
January
February
$ 194
6,801
5,627
7,625
11,291
18,215
16,036
14,883
23,542
•: 549
6,745
5,149
7,280
10,780
17,486
14,227
12,833
20,?0S
5-2,990
6,3Q9
4,892
7,138
10,632
16,876
12,433
12,135
17,783
S3,140
5,927
5,030
7,457
11,257
16,767
11,488
11,639
16,048
$4,245
5,927
5,406
8,185
12,145
17,298
11,561
13,233
15,490
402
19,532
15,355
18,360
23,611
28,302
23,981
17,232
16,595
1,238
19,935
14,756
13,338
22,935
27,391
22,463
15,164
15,163
5,721
19,666
14,044
18,531
22,507
26,383
21,283
13,906
14,302
7,375
17,822
15,051
18,613
22,905
26,543
20,394
13,397
14,253
597
7,132
5,318
4,61S
8,033
12,103
12,126
9,650
10,355
1,569
7,197
4,715
4,529
8,168
12,113
11,563
9,050
9,911
1,874
6,727
4,355
4,320
8,320
•11,752
10,427
8,756
9,612
585
11,098
11,291
17,256
24,703
31,407
30,528
23,205
26,806
1,589
11,197
10,549
17,664
25,238
31,707
29,470
22,572
24,929
528
4,519
3,776
5,391
9,164
15,010
15,318
14,587
16,342
— WINSTON-SALEM
IQll
June
No. 5 — CINCINNATI
No. 6
— INDIANAPOLIS
No. 7 — CHICAGO
No. 8 — DES MOINES
1937
1938
I939
1941
1942
No. 9 — LITTLE ROCK
1934
1936
1937
1938
1939
1941
1942
1
No. 10 — TOPEKA
1933
1934
1935
1936
1937
1938
1939
1940
1941
1
4,025
1
4,245
6,983
11^608
9,895
No. 11 — PORTLAND
1933
1934
1935
1936
1937
1938
1939
|
!
1
1
1941
1942
2,516
No. 12 — LOS ANGELES
1933
1934
1935
1936
1937
1938
1940
1941
i
Statistical Supplement
23
Table 20.—Progress of institutions insured by the Federal Savings and Loan Insurance Corporation,
1939-1941
[Amounts are shown in thousands of dollars]
Period and class
of association
Dotal
assets
Net first
mortgages
held
Private
repurchasable
capital
Government
investment
Federal
Home
Loan
Bank
advances
Number of
investors
2,109
2,113
2,122
2,132
2,138
2,170
2,170
2,177
2,180
2,188
2,189
2,195
$2,137,296
2,157,499
2,195,143
2,225,7H
2,258,0862,339,411
2,341,735
2,370,200
2,399,847
2,431,801
2,459,038
2,506,944
$1,627,600
1,641,320
1,671,070
1,697,800
1,728,049
1,769,112
1,795,313
1,832,587
1,869,838
1,898,025
1,921,717
1,943,852
$1,501,402
1,523,214
1,551,804
1,575,968
1,599,539
1,657,859
1,689,462
1,709,642
1,725,529
1,747,770
1,769,033
1,811,181
$260,259
257,039
257,243
257,248
257,523
259,943
256,668
250,445
250,570
250,705
250,675
250,725
$130,967
123,376
116,808
113,623
113,208
127,062
121,031
120,878
124,811
129,881
129,651
142,729
2,205
2,211
2,216
2,225
2,231
2,235
2,237
2,248
2,259
2,264
2,269
2,276
2,513,765
2,543,417
2,576,885
2,615,190
2,653,685
2,708,529
2,706,259
2,742,287
2,789,391
2,832,083
2,867,817
2,931,781
1,959,678
1,980,887
2,011,281
2,050,052
2,089,761
2,129,687
2,167,366
2,208,016
2,250,905
2,291,477
2,317,292
2,342,804
1,868,736
1,901,162
1,928,835
1,958,417
1,981,445
2,019,808
2,039,739
2,059,097
2,085,410
2,114,831
2,143,361
2,202,135
238,496
236,854
236,714
236,508
236,553
236,913
220,893
220,081
220,569
220,629
220,689
220,789
2,282
2,289
2,292
2,297
2,302
2,310
2,313
2,319
2,326
2,330
2,339
2,343
2,929,247
2,959,330
2,991,565
3,034.52S
3,079,396
3,158,251
3,154,228
3,185,814
3,222,299
3,261,689
3,301,462
3,361,792
2,359,057
2,384,160
2,416,680
2,457,438
2,501,582
2,554,274
2,595,114
2,636,536
2,672,985
2,711,854
2,737,015
2,751,050
2,262,692
2,296,225
2,323,041
2,354,239
2,379,856
2,433,513
2,449,807
2,465,223
2,486,992
2,518,006
2,551,528
2,597,373
1,363
1,366
1,369
1,373
1,380
1,383
1,382
1,384
1,386
1,389
1,390
1,397
1,317,417
1,332,439
1,352,846
1,374,230
1,403,931
1,441,058
1,442,667
1,471,714
1,484,212
1,512,924
1,535,895
1,574,314
1,040,000
1,050,500
1,067,400
1,087,600
1,115,854
1,135,511
1,156,700
1,185,800
1,205,900
1,231,000
1,249,900
1,268,872
1,400
1,403
1,408
1,411
1,415
1,421
1,422
1,427
1,430
1,433
1,435
1,438
1,574,268
1,597,550
1,623,767
1,655,179
1,685,324
1,727,337
1,724,821
1,750,870
1,775,555
1,804,397
1,829,939
1,872,691
1,279,803
1,296,198
1,317,641
1,346,608
1,375,683
1,403,933
1,430,982
1,461,440
1,487,489
1,514,872
1,532,745
1,545,838
Number of
associations
New
mort-
New
private
investments
Private
repurchases
Repurchase
ratio
2,088,400
2,115,600
2,147,000
2,171,600
2,197,900
2,236,000
2,261,900
2,282,900
2,307,200
2,340,200
2,351,300
2,386,000
$31,637
33,141
44,420
47,550
52,552
55,848
49,488
57,659
54,275
54,605
49,809
49,516
$79,100
37,800
39,500
37,800
36,700
40,700
74,300
44,900
36,800
41,200
40,000
48,400
$43,000
21,000
21,600
21,600
18,800
15,800
52,200
27,200
29,000
24,200
19,537
17,445
54-4
55.6
54.7
57.1
51.2
38.8
70.3
60.6
78.8
58.7
48.8
36.0
121,271
111,277
104,993
101,602
104,569
124,133
129,909
136,244
144,997
150,700
154,802
171,347
2,461,000
2,504,000
2,528,200
2,546,800
2,560,900
2,591,600
2,610,200
2,634,300
2,664,200
2,695,800
2,706,300
2,772,400
40,342
43,950
56,270
68,034
70,990
67,751
70,943
72,214
68,665
71,380
57,686
56,363
102,571
55,332
51,377
55,809
46,655
43,626
86,496
51,025
46,203
53,982
49,990
65,586
57,096
28,042
27,195
28,123
27,150
20,418
73,111
36,060
30,928
30,286
25,278
22,865
55-7
50.7
52.9
50.4
58.2
46.8
84-5
70.7
66.9
56.1
50.6
34.9
216,485
206,015
2o6,094
206,078
206,304
206,301
203,512
195,572
195,584
195,787
196,059
196,240
141s450
129,437
119,461
115,372
119,242
144,331
142,870
147,044
153,897
159,298
161,199
193,275
2,802,700
2,869,500
2,896,100
2,924,000
2,943,300
2,974,500
2,998,100
3,019,600
3,037,800
3,065,800
3,088,700
3,109,900
52,270
53,765
69,313
77,735
82,443
85,117
84,994
84,794
82,993
80,767
65,241
63,506
127,490
65,384
64,633
65,947
57,755
61,448
103,886
62,374
61,495
67,132
60,818
74,801
75,228
37,081
39,605
39,194
35,122
26,779
90,728
48,010
42,800
40,142
33,263
35,728
59.0
56.7
61.3
59-4
60.8
43-6
87-3
77-0
69.6
59-8
54-7
47.8
892,477
908,716
927,250
944,010
964,528
990,248
1,013,503
1,033,325
1,041,188
1,059,869
1,077,918
1,108,481
218,860
215,666
215,821
215,846
216,561
217,026
214,187
208,499
208,524
208,524
208,597
208,777
92,237
86,014
79,608
76,608
77,521
88,298
82,146
84,480
88,151
93,096
94>016
105,870
I,2u5,2u0
1,224,200
1,248,200
1,262,300
1,284,200
1,299,100
1,316,900
1,336,500
1,351,200
1,373,300
1,384,800
1,412,200
20,894
22,298
29,811
33,400
36,358
39,094
34,055
40,645
37,090
37,854
34,785
34,053
54,800
26,200
26,900
26,100
24,800
27,000
49,100
30,200
24,700
28,200
27,300
32,000
25,700
12,400
12,400
11,800
10,400
8,100
31,500
16,300
17,200
14,600
10,970
9,231
47.0
47.3
46.1
45.2
41.9
30.0
64.2
54.0
69.6
51.6
40.2
28.8
1,149,410
1,175,480
1,197,882
1,222,025
1,239,973
1,267,155
1,282,590
1,297,572
1,309,421
1,329,364
1,349,761
1,387,839
197,751
196,701
196,619
196,813
196,933
197,268
181,724
181,256
181,261
181,371
181,381
181,431
87,592
79,391
74,495
71,610
74,451
90,489
95,175
99,985
106,674
110,583
114,070
127,255
1,462,700
1,496,100
1,515,000
1,529,500
1,538,000
1,560,900
1,574,000
1,591,100
1,602,400
1,624,800
1,627,600
1,665,200
28,008
29,786
38,241
46,577
49,287
47,435
48,676
50,305
46,480
48,307
38,896
37,715
71,367
36,951
35,500
39,329
31,915
29,404
60,489
34,871
31,184
37,309
34,092
44,531
37,689
15,942
16,200
16,679
16,124
11,022
49,244
22,643
19,4U
18,583
14,867
12,135
52.8
43.1
45.6
42.4
50.5
37.5
8I.4
64.9
62.3
49.8
43.6
27.3
ALL INSURED ASSOCIATIONS
1939
January
February
March
April
May
June
July
August
September
October
November
December
..
1940
January
February
March
April
May
June
July
August
September
October
November
December
19a
January
February
March
•
April
May
June
July
August
September
October
November
December
•
1942
oanuary
February
March
April
May
June
July
August
September
October
November
December
•
'
FEDERAL ASSOCIATIONS
1939
January
February
March
April
May
June....
Ji0.y
August«•
September
October
November
December. •
<
<
•
•
1940
January
February.
March.
•
April
May
•
••«
June
July
August
September
•
October
Novembe r . . . . . . . . . • • • . . .
December...o...........
24
Federal Home Loan Bank Review
Table 20.—Progress of institutions insured by the Federal Savings and Loan Insurance Corporation,
1939-1941—Continued
[Amounts are shown in thousands of dollars]
Period and class
of association
C overnment
j nvestment
Federal
Home
Loan
Bank
advances
Number of
investors
$1,436,443
1,458,840
1,480,866
1,504,271
1,522,675
1,554,374
1,565,799
1,579,671
1,595,13-9
1,616,605
1,636,837
1,668,372
$177,265
168,873
168,922
169,047
169,247
169,247
166,464
159,622
159,614
159,775
159,925
160,060
$102,973
92,558
84,810
81,076
83,674
103,696
102,513
106,624
112,033
116,723
117,666
144,049
1,709,800
1,736,900
1,758,400
1,780,100
1,792,700
1,806,200
1,822,700
1,841,600
1,856,400
1,873,500
1,883,300
1,898,100
587,600
591,320
603,670
610,200
612,195
633,601
638,613
646,787
663,938
667,025
671,817
674,980
608,925
614,498
624,554
631,958
635,011
667,611
675,959
676,317
684,341
687,901
691,115
702,700
41,399
41,373
41,422
41,402
40,962
42,917
42,481
41,946
42,046
42,181
42,078
41,948
38,730
37,362
37,200
37,015
35,687
38,764
38,885
36,398
36,660
36,785
35,635
36,859
939,497
945,867
953,118
960,011
968,361
981,192
981,438
991,417
1,013,836
1,027,686
1,037,878
1,059,090
679,875
684,689
693,640
703,444
714,078
725,754
736,384
746,576
763,416
776,605
784,547
796,966
719,326
725,682
730,953
736,392
741,472
752,653
757,149
761,525
775,989
785,467
793,600
814,296
40,745
40,153
40,095
39,695
39,620
39,645
39,169
38,825
39,308
39,258
39,308
39,358
1,056,503
1,069,064
1,076,511
1,088,579
1,102,234
1,130,206
1,131,342
1,136,630
1,146,786
1,158,025
1,175,582
1,189,460
796,019
806,662
817,08B
829,893
844,683
867,186
879,295
887,322
898,614
910,617
922,538
927,171
826,249
837,385
842,175
849,968
857,181
879,139
884,008
885,552
891,873
901,401
914,691
929,001
39,220
37,142
37,172
37,031
37,057
37,054
37,048
35,950
35,970
36,012
36,134
36,180
Numb e r of
associations
Total
assets
Net first
mortgages
held
1,439
1,441
1,442
1.445
1,447
1,450
1,452
1,454
1,456
1,457
1,457
1,459
$1,872,744
1,890,266
1,915,054
1,945,949
1,977,162
2,028,045
2,022,886
2,049,184
2,075,513
2,103,664
2,125,880
2,172,332
$1,563,038
1,577,498
1,599,592
1,627,545
1,656,899
1,687,088
1,715,819
1,749,214
1,774,371
1,801,237
1,814,477
1,823,879
746
747
753
759
758
787
788
793
794
799
799
798
819,879
825,060
842,297
851,484
854,155
898,353
899,068
898,486
915,635
918,877
923,143
932,630
805
808
808
814
816
814
815
821
829
831
834
838
843
848
850
852
855
860
861
865
870
873
882
884
capital
New
mort-
private
investments
Private
repur-
$34,360
35,645
45,365
51,371
55,396
57,542
56,564
57,592
54,786
52,507
41,910
41,182
$87,950
45,587
44,390
45,058
38,423
40,030
70,290
40,730
40,254
44,341
39,212
48,872
$49,852
23,131
23,618
23,376
20,582
34,530
61,061
30,443
26,765
23,799
18,984
20,400
883,200
891,400
898,800
909,300
913,700
936,900
945,000
946,400
956,000
966,900
966,500
973,800
10,743
10,843
14,609
14,150
16,194
16,754
15,433
17,014
17,185
16,751
15,024
15,463
24,300
11,600
12,600
11,700
11,900
13,700
25,200
14,700
12,100
13,000
12,700
16,400
17,300
8,600
9,200
9,800
8,400
7,700
20,700
10,900
11,800
9,600
8,567
8,214
33,679
31,886
30,498
29,992
30,118
33,644
34,734
36,259
38,323
40,117
40,732
44,092
998,300
1,007,900
1,013,200
1,017,300
1,022,900
1,030,700
1,036,200
1,043,200
1,061,800
1,071,000
1,078,700
1,107,200
12,334
14,164
18,029
21,457
21,703
20,316
22,267
21,909
22,185
23,073
18,790
18,648
31,204
18,381
15,877
16,480
14,740
14,222
26,007
16,154
15,019
16,673
15,898
21,055
19,407
12,100
10,995
11,444
11,026
9,396
23,867
13,417
11,514
11,703
10,411
10,730
38,477
36,879
34,651
34,296
35,568
40,635
40,357
40,420
41,864
42,575
43,533
49,226
1,092,900
1,132,600
1,137,700
1,143,900
1,150,600
1,168,300
1,175,400
1,178,000
1,181,400
1,192,300
1,205,400
1,211,800
17,910
18,120
23,948
26,364
27,047
27,575
28,430
27,202
28,207
28,260
23,331
22,324
39,540
19,797
20,243
20,889
19,332
21,418
33,596
21,644
21,241
22,791
21,606
25,929
25,376
13,950
15,987
15,818
14,540
12,249
29,667
17,567
16,035
16,343
14,279
15,328
FEDERAL ASSOCIATIONS
(continued)
1941
January
•
••••
February
March
April
May
June.
July
August.
September
•••
October.
•
November.....
December................
1942
January
February
torch
April*
May
June
July.
August
September
October
November.
December.
»
«•
STATE-CHARTERED ASSOCIATIONS
1939
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StatJ**'*ral Supplement
25
Explanatory Notes
Pase 3
RESIDENTIAL CONSTRUCTION: Compiled by t h e Federal
Home Loan Bank Administration,
Division of Research and
Statistics, from building permits reported to t h e U. S. Department of Labor, a n d based upon estimates for t h e n u m b e r of
dwelling units provided in all u r b a n areas. T h e monthly
totals are related to t h e average n u m b e r of units built during
t h e 1935-1939 period a n d are adjusted for t h e high degree of
seasonal fluctuations which normally occur during t h e year.
T h e index reveals essential m o v e m e n t s in t h e volume of new
housing facilities currently provided, and allows direct comparisons with other indexes on t h e same base period.
N O N F A R M FORECLOSURES: Compiled by t h e Federal Home
Loan Bank Administration,
Division of Research and Statistics.
T h e index is adjusted for n o r m a l seasonal variations, and is
based upon d a t a reported m o n t h l y from approximately 1,800
counties, cities, townships, or other governmental divisions.
Approximately 75 percent of all nonfarm dwellings are included in this reporting sample. I t measures t h e n u m b e r of
properties currently being acquired through foreclosure, expressed as a percentage of t h e average 1935-1939 m o n t h .
Although non-residential a n d multifamily foreclosures comprise about 15 percent of t h e totals used, this index is essentially a gauge of t h e ability of home owners to meet their
obligations.
RENTAL INDEX: Compiled by t h e National Industrial Conference Board on a base of 1 9 2 3 = 1 0 0 , and converted by t h e
Division of Research a n d Statistics of the Federal H o m e Loan
B a n k Administration t o t h e 1935-1939 base period. T h e
basic d a t a are obtained from real estate boards, chambers of
commerce, real estate agents, social agencies, a n d individuals
who are in close touch with t h e rental situation in their
localities. T h e index is based on t h e average rents of houses
and a p a r t m e n t s of t h e kind occupied by wage earners (4 or 5
rooms, with b a t h , unheated, except in a few instances where
heated a p a r t m e n t s are t h e prevailing t y p e ) . Since rentals
for newly t e n a n t e d as well as occupied structures are included,
this index is a good indicator of m a r k e t factors.
INDUSTRIAL PRODUCTION: Compiled by t h e Board of Governors of the Federal Reserve Systern, Division of Research and
Statistics.
This seasonally adjusted index was completely
revised in August 1940, a n d a detailed description of its preparation is included in t h e August 1940 issue of t h e Federal
Reserve Bulletin.
T h e index is m a d e u p of two c o m p o n e n t s :
manufactures and minerals. T h e manufactures portion is
further broken down into t h e production of durable a n d nondurable goods. I t is derived from 81 individual series dist r i b u t e d among 16 groups of manufacturing industries and
two groups of mining industries. T h e index serves as a measure of changes in t h e physical volume of the country's industrial o u t p u t .
MANUFACTURING EMPLOYMENT: Compiled by t h e U. S.
Department of Labor, Bureau of Labor Statistics, on a base
equal to t h e m o n t h l y average of t h e period 1923-1925. T h e
index is converted to a 1935-1939 base and adjusted for seasonal variations by t h e Division of Research and Statistics
26
of the Federal H o m e Loan Bank Administration. I t is based
upon monthly reports received from establishments employing
approximately 55 percent of all factory wage earners in t h e
country. A further breakdown is available from t h e D e p a r t m e n t of Labor between employment in durable a n d nondurable goods industries. Since all component p a r t s are
adjusted to t h e periodic Federal Census of Manufactures,
t h e y accurately reflect the long-time as well as t h e s h o r t - t e r m
trends in employment.
Pase 4
N A T I O N A L INCOME PAYMENTS: Compiled by U.
S.
Department of Commerce, Bureau of Foreign and Domestic
Commerce, on t h e basis of 1 9 2 9 = 1 0 0 . T h e m o n t h l y indexes
are converted to a 1935-1939 base by t h e Division of Research
a n d Statistics of t h e Federal H o m e Loan B a n k Administration.
T h e index is m a d e up of estimates of t h e income
received from salaries and wages, direct a n d other relief
p a y m e n t s , social security benefits and other labor income,
entrepreneurial income and net rents and royalties, a n d other
nonagricultural income. T h e National Income Division of
t h e Bureau of Foreign and Domestic Commerce has prepared
a bulletin entitled "Monthly Income P a y m e n t s in t h e United
States, 1929-1940" which describes in greater detail t h e
sources and methods used in compiling t h e series. I t is useful
primarily in indicating t h e changes in t h e dollar volume of
income p a y m e n t s . However, because t h e index does n o t
reflect changes in t h e basic price levels, it does not measure
the purchasing power of a given income.
WHOLESALE BUILDING MATERIAL PRICES: Compiled by
t h e U. S. Department of Labor, Bureau of Labor Statistics, on
an original base of 1926 = 100. T h e index is converted to t h e
1935-1939 base by t h e Division of Research and Statistics of
the Federal H o m e Loan Bank Administration. I t is one of
the 10 major classifications included in t h e weekly price series
based on 813 commodities a n d prepared by t h e Bureau of
Labor Statistics. T h e building material index is composed of
subclassifications on brick a n d tile, cement, lumber, p a i n t
a n d paint materials, plumbing a n d heating, s t r u c t u r a l steel,
and a miscellaneous group. Wholesale delivery prices are
obtained weekly for these items in 48 selected cities and a
monthly average is computed from these figures. T h e composite building material index does not pertain strictly t o
home building b u t provides t h e best available guide to t h e
fluctuations in wholesale prices of materials which loom large
in t h e construction of residential dwellings.
WHOLESALE LUMBER PRICES: Compiled by the U. S.
Department of Labor, Bureau of Labor Statistics, on an original
base of 1 9 2 6 = 1 0 0 . Converted by t h e Division of Research
and Statistics of t h e Federal H o m e Loan Bank Administration
to a 1935-1939 base. This index is one of t h e component p a r t s
of t h e wholesale building material price index mentioned
above. I t was completely revised in October 1940 and is now
based on a larger sample of prices a n d an improved m e t h o d of
weighting. In all, 44 different lumber items are included in
the new series. Because of t h e i m p o r t a n t bearing of t h e
lumber factor upon t h e t o t a l cost of t h e typical single-family
home, price fluctuations evidenced in this individual series are
of particular significance to home-financing institutions.
Federal
Home
Loan Bank Review
SAVINGS A N D L O A N MORTGAGE LENDING: Compiled
by t h e Federal Home Loan Bank Administration,
Division of
Research and Statistics, from t h e m o n t h l y reports of cooperating savings a n d loan associations. F o r complete description
of source see t h e note on savings a n d loan mortgage-lending
statistics on page 28. T h e index is adjusted for seasonal
variations a n d t h e period from 1935-1939 forms its base.
T h e index is computed from d a t a on t h e t o t a l loans m a d e
by all savings a n d loan associations a n d is a n i m p o r t a n t yardstick in measuring t h e activity of these institutions against
influencing factors in t h e real-estate a n d home-financing fields.
N O T E . — C u r r e n t d a t a for each of t h e foregoing indexes
m a y be found in t h e s u m m a r y of t h e M o n t h l y Survey section
of the F E D E R A L H O M E L O A N B A N K R E V I E W .
NEW INVESTMENTS IN INSURED ASSOCIATIONS: Compiled
by t h e Federal Home Loan Bank Administration,
Division of
Research and Statistics.
This m e a s u r e m e n t of t h e flow of new
private funds into savings a n d loan associations is estimated
from t h e m o n t h l y reports of approximately 95 percent of all
institutions insured b y t h e Federal Savings a n d Loan Insurance Corporation. T h e series begins in J u n e 1936 a n d t h e
base period extends from t h a t date t h r o u g h December 1939.
I t is adjusted for t h e sharp seasonal fluctuations which characterize these data, particularly in J a n u a r y a n d July, t h e
most common dividend dates.
REPURCHASES OF INVESTMENTS IN INSURED ASSOCIATIONS: Compiled by t h e Federal Home Loan Bank
Administration, Division of Research and Statistics; includes repurchase of private investments only. Complement of t h e new
investment index described above, t h e source of d a t a for this
index is also t h e regular m o n t h l y report filed by insured
savings a n d loan associations. T h e index is adjusted for t h e
seasonal variations which are common in this phase of association operations. T h e base period includes t h e m o n t h s from
J u n e 1936 t h r o u g h December 1939. Basic dollar a m o u n t s
supporting these t w o indexes m a y be found in Table 12 of t h e
R E V I E W each m o n t h — "Progress of institutions insured by
the Federal Savings a n d Loan Insurance Corporation."
Page 5
COST OF THE STANDARD HOUSE: Compiled since J a n u ary 1936 by t h e Federal Home Loan Bank
Administration,
Division of Research and Statistics, a n d placed on a 1935-1939
base by computing an estimate for 1935. T h e index is a
3-month moving average of cost estimates for a p p r o x i m a t e ^
80 different cities reporting in 3-month intervals. T h e various
units of materials a n d labor are selected t o conform with their
contribution to t h e t o t a l cost of t h e completed dwelling. A
detailed description of t h e index a n d specifications for t h e
s t a n d a r d house appeared in t h e J a n u a r y a n d F e b r u a r y 1936
issues
of
the
FEDERAL
HOME
LOAN
BANK
REVIEW
and
reprints of these articles are available on request. (See also
the following notes on pages 6 a n d 7.) T h e figures for this
index a p p e a r each m o n t h in Table 4 of t h e statistical section
of t h e
REVIEW.
N O N F A R M HOME-MORTGAGE DEBT: Compiled by t h e
Federal Home Loan Bank Administration,
Division of Research and Statistics, from special studies a n d reported statistics of each of the various types of mortgagee institutions.
T h e series begins in 1925 a n d shows t h e sharp decline in t h e
home-mortgage debt from t h e peak in 1930 through t h e low
Statistical Supplement
point of 1936. E s t i m a t e s for 1941 will not be available until
a b o u t September of t h e current year. A complete description
of t h e sources a n d m e t h o d s used in arriving a t t h e t o t a l
mortgages held b y each lender appears in t h e November 1939
issue of t h e R E V I E W , page 51. T h e d a t a are confined t o loans
on 1- t o 4-family nonfarm homes in order t o eliminate m o r t gages on farm or commercial properties.
PRIVATE SAVINGS: Compiled b y t h e Federal Home Loan
Bank Administration
from t h e m o n t h l y reports of insured
savings a n d loan associations a n d t h e semiannual surveys by
t h e Federal Deposit Insurance Corporation a n d t h e National
Association of M u t u a l Savings Banks. Figures for insured
savings a n d loan associations include private repurchasable
share capital invested in these institutions; for commercial
banks, t h e a m o u n t of time deposits evidenced b y savings
passbooks; for m u t u a l savings banks, reported deposits. A
complete survey of p r i v a t e long-term savings is usually p u b lished in a Fall issue of t h e R E V I E W . F o r t h e latest information, see t h e October 1941 issue of t h e R E V I E W , page 11.
DEFENSE BOND SALES: Source, Defense Savings Staff, U. S.
Treasury Department.
These figures are based on t h e official
report of t h e Treasury for each of t h e three series of bonds.
Figures appearing in t h e Series E column prior t o M a y 1941
are d a t a for t h e cash sales of U. S. Savings Bonds, as taken
from t h e Treasury Daily Statement.
This information for
" b a b y b o n d " sales m a y be compared with t h e Series E sales
as b o t h were intended t o fit t h e needs of savers with limited
incomes. C u r r e n t information on t h e sale of Defense Bonds
will be presented each m o n t h in t h e statistical section of t h e
R E V I E W (Table 14).
Pases 6 and 7
COST OF BUILDING THE SAME STANDARD HOUSE IN
SELECTED CITIES: Compiled by t h e Federal Home Loan Bank
Administration,
Division of Research and Statistics, with t h e
cooperation of t h e Reconditioning Division of t h e H o m e
Owners' Loan Corporation. These d a t a are t h e basic material
for t h e computation of t h e small-house building cost index,
and in view of t h e influence exercised by construction costs
on t h e volume of home building, a n d on t h e value of existing
security for mortgages, t h e Federal H o m e Loan Bank Administration has continued t o refine a n d improve t h e collection
and accuracy of these figures.
In figuring costs, current prices on t h e same building m a t e rials list are obtained every three m o n t h s from t h e same
dealers, a n d current wage rates are obtained from t h e same
reputable contractors a n d operative builders. Cities in t h e
New York, Indianapolis, Des Moines, a n d P o r t l a n d Federal
H o m e Loan B a n k Districts report in J a n u a r y , April, July,
and October of each year; those in t h e P i t t s b u r g h , Cincinnati,
Little Rock, a n d Los Angeles Districts report in F e b r u a r y ,
May, August, a n d November; and those in t h e Boston,
Winston-Salem, Chicago, a n d Topeka Districts report in
March, June, September, a n d December.
D E S C R I P T I O N OF H O U S E
The house on which costs are reported is a detached 6-room
home of 24,000 cubic feet volume. Living room, dining room,
kitchen, a n d l a v a t o r y on first floor; three bedrooms a n d b a t h
on second floor. Exterior is wide-board siding w i t h brick
a n d stucco as features of design. Best quality materials and
w o r k m a n s h i p are used t h r o u g h o u t .
27
T h e house is not completed ready for occupancy. I t
includes all f u n d a m e n t a l structural elements, a n a t t a c h e d
1-car garage, a n unfinished cellar, a n unfinished attic, a fireplace, essential heating, plumbing, a n d electric wiring equipment, a n d complete insulation. I t does not include wallpaper or othes wall or ceiling finish on interior plastered
surface, lighting fixtures, refrigerators, water heaters, ranges,
screens, w e a t h e r stripping, a n d window shades.
R e p o r t e d costs include, in addition t o material a n d labor
costs, compensation insurance, a n allowance for contractor's
overhead and t r a n s p o r t a t i o n of materials, plus 10 percent for
builder's profit.
Reported costs do not include t h e cost of land or of surveying
t h e land, of planting t h e lot, a n d of providing walks a n d
driveways; they do not include architect's fee, cost of building
permit, financing charges, a n d sales costs.
H O M E L O A N B A N K R E V I E W a n d is p r e p a r e d b y t h e B u r e a u of
Labor Statistics of t h e U. S. D e p a r t m e n t of Labor from i t s
building permit records.
Page 12: T h e tables on this page include summaries of new
residential construction volume running back as far as 1930,
and give some indication of t h e proportion of t h e t o t a l volume
of building which is u n d e r t a k e n in t h e u r b a n areas. T h e twro
tables a t t h e t o p of t h e page (Tables 10 a n d 11) are summaries
of all construction in urban areas of t h e United States, broken
down b y t h e t y p e of construction a n d t h e source of finance,
whether private or public. These tables m a y be k e p t u p - t o date with t h e information given in T a b l e 1 of t h e statistical
section of t h e F E D E R A L H O M E L O A N B A N K R E V I E W .
Esti-
mates for those years prior t o 1936 have been m a d e b y t h e
National B u r e a u of Economic Research a n d were published
in t h e Monthly Labor Review for J a n u a r y 1938.
A WORD OF CAUTION
While there are m a n y uses for t h e small-house building cost
index, there are several ways in which it should not b e used.
I n t h e first place, the total cost in one city cannot be compared
directly with the total cost in another city. Second, the estimated
total cost figure of the index house for a given city is not comparable with the actual cost of constructing a 6-room house in that
city.
(See: S e p t e m b e r
1939, F E D E R A L
HOME
LOAN
BANK
R E V I E W , page 383.)
These limitations, however, do n o t invalidate in any way a
s t u d y of t h e trend of costs within a n individual reporting comm u n i t y or a comparison of t h e trends in different cities a n d
Bank Districts—the real purpose of t h e index.
Figures presented in these tables include all revisions u p t o
t h e present time. Revisions a r e unavoidable, however, a s
more complete information is obtained. All current changes
are indicated in t h e regular m o n t h l y table (Table 3) appearing
in t h e R E V I E W .
Pas« 8 7 9 7 10,11 and 12
RESIDENTIAL CONSTRUCTION: Compiled by t h e U. S.
Department of Labor, Bureau of Labor Statistics, from building
permits received from more t h a n 2,000 cities a n d t o w n s .
Calculations for 1940 a n d 1941 a r e based on t h e p o p u l a t i o n
figures of t h e 1940 Census. Figures for 1939 a n d prior years
are based on t h e 1930 Census.
Page 8: This table presents, b y States a n d Federal H o m e
Loan Bank Districts, t h e a n n u a l estimates of t h e n u m b e r and
cost of all new residential construction for which building
permits were issued in all u r b a n areas of t h e United States.
Page 9: T o bring t h e residential construction statistics
closer t o t h e actual operations of savings and loan associations,
this table analyzes t h e n u m b e r a n d cost of privately constructed
1- and 2-family dwellings—the t y p e of dwellings which these
institutions accept as security for t h e vast majority of their
mortgage loans. This information is also available b y States
for t h e years 1936 a n d 1937.
Pages 10 and 11: T o facilitate t h e comparison of 1942
building with previous years, t h e table spread across these
two pages presents t h e estimated n u m b e r of dwelling units
built in all u r b a n communities (2,500 or more population)
during each m o n t h of 1940 a n d 1941, a n d provides space so
t h a t similar d a t a m a y b e recorded for t h e current year. This
information will appear each m o n t h in Table 2 of t h e F E D E R A L
28
PROGRESS OF PUBLIC DEFENSE HOUSING: Compiled b y
t h e Office of t h e Defense Housing Coordinator, a n d includes
only t h a t portion of t h e defense housing program which is
being financed b y public funds. Defense housing financed byprivate capital, which makes u p a substantial p a r t of t h e
t o t a l program, is n o t carried in this report. T h e n u m b e r of
units allocated under t h e program includes allocations of
public funds authorized b y Congressional action a n d projects
approved b y t h e Board of Directors of t h e Defense H o m e s
Corporation. Those units reported under construction cont r a c t include all projects for which construction c o n t r a c t s
have been signed. Units completed include all projects,
whether wholly or partially complete, in which family dwelling units are completed and available for occupancy. Figures
for each m o n t h represent d a t a as of approximately t h e close
of the period.,
Pages 13, 14, 15, 16 and 17
SAVINGS A N D L O A N MORTGAGE-LENDING STATISTICS:
Compiled by t h e Federal Home Loan Bank
Administration,
Division of Research and Statistics, from t h e m o n t h l y reports
of cooperating savings a n d loan associations. Approximately
3,000 Federal, State-member, a n d n o n m e m b e r associations
whose assets represent a b o u t 65 percent of t h e t o t a l assets of
all savings and loan associations are included in t h e sample of
institutions upon which t h e final estimates are based.
T h e table on page 13 shows a breakdown of t h e t o t a l loans
by purpose as well as b y class of association originating t h e
loans. T h e percent distribution in t h e column following t h e
a n n u a l t o t a l indicates t h e relation of t h a t purpose or class t o
t h e aggregate loans for t h e year. For example, in 1937, construction loans accounted for 26.1 percent of t h e t o t a l loans
m a d e b y all savings a n d loan associations. Likewise in t h e
same year nonmember associations were responsible for 23.4
percent of all loans m a d e .
These tables follow closely t h e style of Tables 6 a n d 7
which appear regularly each m o n t h in t h e R E V I E W , a n d m a y
be k e p t current with this information. All figures are expressed in dollar a m o u n t s .
Pages 18, 19,20, and 21
MORTGAGE-RECORDING DATA: Compiled b y t h e Federal
Home Loan Bank Administration,
Division of Research and
Statistics,
from m o n t h l y reports p r e p a r e d b y cooperating
institutions. T h e coverage upon which t h e final m o r t g a g e -
Federal Home Loan Bank Review
recording estimates are made includes approximately 600
counties and similar political subdivisions, which contain
almost two-thirds of the total nonfarm population. No data
are available prior to January 1939.
Since every mortgage, to be most effective and assure priority of lien, must be registered with the county clerk or similar
local official who maintains the record of land ownership,
this index provides an adequate appraisal of the role being
played by various types of lenders. To relate mortgage
recordings as closely as possible to the financing of 1- to 4family homes, only instruments with a face amount of
$20,000 or less and on properties located in nonfarm areas
are counted.
It must be pointed out, however, that mortage-recording
data are not directly comparable with the estimates on homemortgage lending presented in Tables 13 and 14 on pages 13-17.
The period covered by mortgages recorded and loans made
is not necessarily the same. Lending statistics are reported
as of the date of loan commitment, while recording figures
reflect the actual date of mortgage registrations. Further,
alterations in the terms of an existing contract may necessitate
a new registration. In the case of refinancing an institution's
own mortgage, for example, the face amount of the instrument would appear in the recording totals whereas only that
portion which represented an increase of funds loaned would
be included in the monthly lending figures.
The table on page 18 shows the estimated number and
amount of mortgages recorded throughout the United States
by each type of lender in each month since January 1940. It
also shows the relationship of the business done by each type
of mortgagee to the total volume of business for any given
month as well as by the annual total. Current data for
this table are available in Table 9 of the REVIEW.
The tables on pages 19, 20, and 21 provide a detailed
analysis of the recordings made by all savings and loan associations during 1940 and 1941, and the data are broken down by
Federal Home Loan Bank Districts and by individual States.
The percentage figures relate to the savings and loan share of
the total mortgage-recording business in a given area. For
example, during 1940 savings and loan associations in the
State of Connecticut accounted for $12,926,000 in recordings
of $20,000 or less and this was equal to 16.2 percent of the total
dollar amount of recordings in Connecticut for that year.
(For 1942 statistics, see Table 8 of the REVIEW.)
NONFARM FORECLOSURES: Compiled by the Federal Home
Loan Bank Administration, Division of Research and Statistics.
These statistics represent the estimated number of foreclosures
in the United States in all nonfarm areas, and are based upon
data reported monthly from approximately 1,800 counties,
cities, townships, or other political divisions, and shown
regularly in Table 10 of the REVIEW. About 75 percent of all
nonfarm dwellings are located in the areas included in this
sample. No monthly data are available prior to 1934, but
estimates have been made of the annual number of nonfarm
forcelosures from 1926 through 1933.
Pases
22
and
23
FEDERAL HOME LOAN BANK ADVANCES: Compiled by
the Federal Home Loan Bank Administration, Bank Operations
Section.
The ability of the Federal Home Loan Bank System to
serve as a credit reservoir for its member institutions is best
demonstrated by the volume of Federal Home Loan Bank
advances since the inception of the System in 1932. The table
at the top of page 22 shows, by months, the amount of new
advances made, the repayments on old balances, and the
advances still outstanding at the end of the period. From
this it will be noted that the balance due at the end of December 1941 represents the highest level of Bank advances for
any month to date.
The table at the bottom of the page and continued on page
23 indicates the balance outstanding at the end of each month
for each of the 12 regional Federal Home Loan Banks.
.Monthly figures to supplement these tables appear in Table
13 of the
REVIEW.
Pages 24 and 25
PROGRESS OF INSURED ASSOCIATIONS: Compiled by
the Federal Home Loan Bank Administration, Division of
Research and Statistics from the monthly reports required
of all institutions insured by the Federal Savings and Loan
Insurance Corporation. The selected balance sheet items
presented are as of the end of the reporting period. Data on
operations represent the monthly total of new mortgage loans
made, and the total amount of new private investments and
repurchases. The repurchase ratio shown in the last column
of the table is obtained by dividing the repurchases for the
month by the total new investments received and it would be
possible, therefore, for this figure to exceed 100 percent if
there was a net decline in share capital. The resulting ratio
measures the flow of capital into and out of insured associations. Current information for this table may be found each
month in Table 12 of the regular statistical section of the
REVIEW.
Statistical Supplement
29
U. S . GOVERNMENT PRINTING O F F I C E : I S 4 2
@FedFRASER