The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATISTICAL SUPPLEMENT 1947 TABLE OF CONTENTS ForewordTable 1.—Principal assets and liabilities of FHL Banks, 1933-1946 Table 2.—-FHL Bank advances, repayments and balance of advances outstanding, 19331946 Table 3.—Number and assets of all FHLB members, by states, as of December 31, 1946 Table 4.—Progress of membership in the FHLB System, 1933-1946 Table 5.—Selected balance sheet data for all reporting savings and loan members, 1936-1945- _ Table 6.—Progress of all institutions insured by the FSLIC, 1936-1946 Table 7.— Selected statistics for all operating savings and loan associations, 1922-1946 Table 8.— Flow of savings in savings and loan associations, by class of association, 1942-1946., Table 9.—Savings in selected media, 1920-1946 Table 10.—Savings factors in the national economy, 1929-1946 Table 11.—New mortgage loans of all operating savings and loan associations, by purpose of loan and by class of association, 1936-1946 Table 12.—New mortgage loans by all operating savings and loan associations, by FHLB District and by purpose, 1936-1946 Table 13.—New mortgage loans by all insured associations, by FHLB District and by state, 1942-1946 Page 2 3 3 4 5 5 6-7 7 8 9 9 10 11 12-13 Table 14.—Mortgage debt and new loans made on 1- to 4-family nonfarm homes, by type of lender, 1925-1946.__„_ 14 Table 15.—Residential real estate owned by selected institutions, 1938-1945 14 Table 16.—Nonfarm real estate foreclosures, 1926-1946 14 Table 17.—Number of nonfarm mortgage recordings of $20,000 or less, by type of mortgagee, 1939-1946 15 Table 18.—Dollar volume of nonfarm mortgage recordings of $20,000 or less, by type of mortgagee, 1939-1946 18 Table 19.—Nonfarm mortgage recordings of $20,000 or less, by FHLB District and state and by type of mortgagee, 1941, 1944-1946 19-21 Table 20.—Residential construction in nonfarm and urban areas, 1920-1946 22 Table 21.—Residential construction in nonfarm areas, by FHLB District and by state, 19411946 23 Table 22.—Trend and status of home mortgages, rental housing mortgages and war housing mortgages insured by the FHA, 1935-1946 24 Table 23.—Home mortgages insured by FHA, by months, 1935-1946 24 Table 24.—FHA insured home mortgages originated, purchased, sold and held, by type of institution, as of December 31, 1946 24 Table 25.—GI home loans approved, by FHLB District and state, as of December 25, 1946 25 Table 26.—Cumulative record of GI home loans, 1945-1946 25 Table 27.—Indexes of building costs for the standard frame house in representative cities, 1936-1946 1 26-27 Table 28.—Indexes of building costs and other significant economic factors, 1920-1946 28 Explanatory notes . 29-32 1 Foreword I T H E Statistical Supplement to the FEDERAL HOME LOAN BANK REVIEW is de- signed to bring together in a convenient form the more important statistical series relating to the operations of the Federal Home Loan Bank System and of its members; and to provide pertinent reference material bearing on the accumulation of savings by individuals and on home financing and home building activities. This year's edition of the Supplement has been revised so that as far as possible each series will include information for as long a period as the data are available. The majority of Bank System operations, for example, are shown at least annually from 1933 to the present. Other series begin with 1920 if information is available for the full period. Thefiguresshown include all revisions made up to the time the Supplement went to press. Wherever preliminary data are used, this fact is so indicated. All indexes are shown on a base of 1935-1939=100 to facilitate comparisons. The presentation of this Supplement would not have been possible without the full cooperation of the Operating Analysis Division, Federal Savings and Loan Insurance Corporation; the Stenographic Section, Federal Home Loan Bank Administration; the Bureau of Labor Statistics, U. S. Department of Labor; the Office of Housing Economics, National Housing Agency; the Division of Research and Statistics, Federal Housing Administration; and the Loan Guaranty Division, Veterans Administration. The contribution of each of these units is sincerely appreciated. Explanatory notes on pages 29-32 give a description of the source, coverage, method of computation, and application of the statistical series included on the following pages. MAY 1947. Table 7.—Principal assets and liabilities of Federal Home Loan Banks, 1933-1946 [Thousands of dollars] P r i n c i p a l a s s e t items Federal Home Loan Bank December 31 Total assets1 Total advances outstanding Secured advances P r i n c i p a l l i a b i l i t i e s and c a p i t a l Investments i n Gov't, securities Unsecured advances P a i d - i n on c a p i t a l stock Cash 1 Member deposits Consolidated obligations u. s. Members Government Surplus & undivided profits A l l Banks PIllII 1933 1934 1935 1936 1937 1938 1939 1940 $ 84,314 81,976 77,103 109,260 159,199 167,239 145,493 142,755 144,915 98,258 84,204 107,471 159,015 479,564 293,455 230,443 63,012 143,151 39,714 70,248 169,000 85,828 Boston 31,407 53,481 42,397 Winston-Salem.... 46,364 56,705 44,356 65,646 36,768 26,662 24,269 51,509 12,028 24,316 29,137 39,551 24,462 24,148 50,063 26,825 16,606 12,723 33,596 7,035 23,032 22,879 16,797 20,555 20,027 40,790 21,632 4,993 1,284 6,258 22,754 3,907 4,121 9,273 5,193 3,251 982 996 16,680 23,945 10,300 4,060 26,914 13,991 8,360 8,765 8,540 8,875 12,721 2,333 4,876 2,673 2,556 4,805 5,860 7,017 922 1,351 2,442 4,879 938 19,934 1,316 3,366 15,078 8,019 9,a4 3,467 165 956 7,595 9,000 3,500 21,000 17,500 12,000 20,000 30,000 17,500 13,000 11,500 14,000 7,322 8,320 6,697 9,164 14,223 8,881 9,a2 1943 1944 San F r a n c i s c o . . . . $ 95,558 109,992 128,816 174,462 261,272 284,875 262,823 301,344 319,300 287,510 294,476 306,013 342,710 13,355 11,7a 32,600 $ 1,113 4,626 25,583 35,967 40,839 31,603 35,820 58,737 74,531 30,955 25,864 23,092 35,857 2,311 14,345 18,564 9,476 32,407 45,656 49s479 49,815 62,775 121,421 151,275 U3,513 117,177 $ 7,218 8,460 6,954 19,183 27,640 38.829 30,305 48,345 35,336 35,504 31,785 30,323 28,572 S $ 389 1,926 4,063 10,746 12,566 21,900 29,617 26,921 29,826 25,436 29,534 28,744 45,697 $ 77,700 90,000 48,500 90,500 90,500 69,500 64,300 66,500 68,500 $15,429 21,932 24,471 28,316 34,834 37,971 40,978 44,5a 48,815 51,703 57,577 63,805 73,658 $ 75,746 81,646 94,196 117,869 124,7a 124,741 124,7a 124,7a 124,7a 124,7a 124,7a 124,7a 124,510 123,651 $ 652 1,791 2,279 3,416 5,204 7,579 9,619 11,201 12,976 14,811 16,664 17,921 21,049 22,496 12,468 18,963 11,146 9,208 12,446 5,817 14,174 7,395 8,772 7,334 15,928 6,593 3,230 3,098 8,888 1,547 2,757 1,929 2,406 2,716 1,482 2,392 1,667 1,376 1,302 2,922 1. Includes interbank deposits Table 2.—FHLB Bank advances, repayments and balance of advances outstanding, 1933-1946 [Thousands of dollars] February Type of operation September July April ADVANCES 1933 1934 1935 1936 1937 1938 1939 1940 19a 1942 1943 1944 1945 1946 , $ 90,027 38,681 59,130 93,257 123,251 81,958 94,781 134,212 157,600 99,462 156,925 239,254 277,748 329,232 * 2,744 5,237 2,232 5,071 6,570 3,723 2,923 4,386 6,143 9,017 11,808 28,280 10,946 17,715 5,438 37,506 43,046 50,716 68,440 83,154 112,310 114,033 139,646 189,695 176,070 2iB,759 213,439 230,649 7,920 2,356 4,103 5,836 9,6a 6,039 3,581 4,973 5,799 5,411 16,728 3,467 3,061 24,463 I 8,732 4,103 3,795 7,207 12,170 7,551 6,307 9,884 9,133 6,384 2,710 3,939 6,307 33,714 208 3,414 6,474 4,230 6,651 8,985 12,398 11,248 15,U1 13,814 18,549 17,966 20,881 26,159 470 5,559 2,223 3,133 6,179 5,464 8,019 8,804 9,930 11,618 7,966 20,200 12,080 21,859 219 5,583 1,980 2,128 4,684 4,791 5,572 6,186 5,638 11,017 10,358 14,978 7,423 16,881 283 3,144 2,029 4,066 4,358 5,131 5,788 3,593 4,693 9,664 7,095 8,161 5,992 13,892 23,090 90,025 72,093 103,102 142,457 183,125 161,614 137,642 145,959 191,505 78,607 99,378 61,059 153,232 30,540 86,822 73,973 105,805 145,919 183,750 157,176 133,811 HI,828 185,298 87,369 82,645 52,040 155,836 39,053 85,342 75,788 110,884 153,405 186,510 157,911 137,509 145,273 181,165 79,221 71,606 50,924 172,669 47,664 85,148 79,112 118,378 166,816 196,225 168,962 157,397 169,897 192,645 90,192 128,278 131,666 203,296 5,928 3,357 1,298 3,784 4,260 4,071 2,334 2,011 3,182 4,857 1,240 13,280 1,534 13,703 * 13,839 2,399 2,123 4,511 8,591 4,901 3,898 4,375 4,201 7,887 1,532 3,190 2,770 14,368 1 1,637 6,887 5,002 8,261 13,490 22,913 28,911 36,786 22,395 27,622 24,453 35,783 38,694 50 1,844 6,801 3,718 7,279 7,133 10,572 14,284 17,132 13,493 19,015 13,690 28,090 22,573 3,581 89,027 81,947 102,755 143,536 190,271 178,852 156,788 170,349 206,068 113,399 114,564 105,726 173,893 9,459 90,540 76,444 102,821 140,517 187,209 170,614 144,515 156,399 197,432 95,624 114,154 79,170 165,023 * i I 8,894 2,950 5,353 11,560 17,769 14,846 16,839 23,481 29,317 21,144 18,066 64,833 86,734 44,519 t ; * 7,110 2,904 8,414 13,473 17,591 14,995 18,724 23,433 40,167 18,209 12,626 47,132 116,849 51,2a 6,622 2,572 6,972 7,831 11,116 4,294 7,768 12,209 10,872 4,264 3,672 4,072 9,794 25,639 S 6,823 3,196 6,370 9,576 9,330 6,561 10,152 12,897 12,850 4,157 56,501 6,993 4,519 32,446 527 3,625 3,335 4,875 7,645 9,277 14,198 10,718 14,619 26,983 17,301 20,6a 17,502 19,517 356 2,785 1,816 4,689 4,995 6,768 9,885 6,029 6,389 17,656 13,847 26,516 18,951 13,208 509 2,134 2,008 5,040 5,507 6,429 5,935 5,252 7,287 19,606 7,502 25,466 17,201 12,142 1,250 2,532 2,981 4,287 4,596 5,066 4,638 6,588 7,019 19,065 11,981 18,869 19,748 14,969 698 1,874 3,701 4,210 3,491 4,780 5,659 4,932 7,157 13,502 15,420 10,372 10,830 14,525 867 3,375 2,811 5,338 4,794 5,840 6,233 7,488 7,805 10,382 18,914 16,947 18,908 16,230 53,745 85,144 80,851 122,010 169,392 191,892 161,587 162,222 168,145 173,593 91,5a 136,118 121,608 202,027 60,011 84,931 86,007 125,152 175,513 189,418 159,470 168,402 172,628 160,201 81,366 113,674 112,451 214,458 66,325 85,993 90,369 129,638 179,336 139,550' 163,687 176,047 178,191 144,752 130,365 95,201 99,769 234,762 72,610 86,839 95,455 134,888 183,731 189,220 168,654 181,526 184,311 131,377 126,683 80,513 86,598 252,518 79,184 87,073 97,033 137,092 187,241 189,687 168,822 185,547 187,084 121,886 116,356 100,378 96,931 258,444 85,427 86,602 102,686 145,227 200,038 198,e42 181,313 201,492 219,446 129,213 110,068 130,563 194,872 293,455 6,608 3,621 5,074 8,507 10,221 4,944 6,823 15,543 12,867 7,931 18,650 28,481 7,444 18,248 i 7,535 3,378 8,067 9,487 8,991 4,736 9,605 12,067 13,139 5,690 8,299 4,181 6,577 32,725 \ 7,272 2,108 5,329 6,414 7,001 5,247 5,827 8,953 9,930 4,011 5,093 30,737 21,213 20,451 REPAYMENTS 1933 1934 1935 1936 1937 1938 1939 1940 19a 1942 1943 1944 1945 1946 BALANCE OUTSTANDING AT END OF MONTH 1933 1934 1935 1936 1937 1938 1939 1940 19a 1942 1943 1944 1945 1946 3 Table 3.—Number and assets of all Federal Home Loan Bank members, by States, as of December 3 1 , 1946 [Thousands of dollars] Mutual Savings and loan associations Federal Home Loan Bank District and state Boaton 4 All Federal Insured state Uninsured state banks Ins companies No. Assets 25 $641,197 No. Assets 12 $418,167 474,308 20 539,369 - 16,179 21,534 359,327 9,165 66,840 1,263 6 1 5 8 162,145 6,621 284,923 85,680 114 90,187 5 101,828 88 26 33,410 56,777 5 101,828 - 156,313 189 80,126 - - 1 17,691 152,196 4,117 6 182 1 4,802 74,676 648 — \ 1 17,691 160,660 114 282,247 - - 3 191,967 8 5 1 4 10 23 10 7 5,452 28,304 2,456 17,683 33,862 37,281 12,917 22,705 1 6,007 13 2 6 19 53 4 12 186,335 2,488 3,503 34,893 42,500 910 11,618 - 1 1 161,278 24,682 703,934 125 558,879 224 334,989 - 1 5,302 116,734 508,834 78,366 2 123 3,285 555,594 20 204 17,076 317,913 1 5,302 100 338,357 78 147,144 38 92,700 1 3,168 342,844 235,357 69 31 206,043 132,314 65 13 89,574 57,570 26 12 47,227 45,473 1 3,168 458 924,675 139 448,382 167 368,329 152 107,964 343 115 731,853 192,822 99 40 388,862 59,520 117 50 261,805 106,524 127 25 81,186 26,778 499,562 235 499,562 108 330,303 46 92,161 81 77,098 108,429 177,961 180,473 25,976 6,723 71 42 99 13 10 108,429 177,961 180,473 25,976 6,723 32 30 36 6 4 56,248 167,913 94,818 8,168 3,156 10 4 28 2 2 13,111 1,889 66,536 8,721 1,904 29 8 35 5 4 39,070 8,159 19,119 9,087 1,663 587,446 268 399,511 159 173,309 100 222,276 9 3,926 34,550 139,465 19,184 13,261 380,986 39 68 24 14 123 31,108 139,465 19,184 13,261 196,493 33 13 20 7 86 26,251 19,672 16,572 7,250 103,564 4 54 3 6 33 4,418 118,982 1,637 5,160 92,079 2 1 1 1 4 439 811 975 851 850 206 337,317 207 328,082 97 219,300 55 70,293 55 38,489 39 86 29 54 69,065 101,421 40,908 125,923 39 86 28 54 69,065 101,421 31,673 125,923 23 28 15 31 51,818 55,549 15,522 96,411 10 31 4 10 15,039 32,079 3,644 19,531 6 27 9 13 2,208 13,793 12,507 9,981 300 1,155,978 299 1,153,109 162 688,537 98 367,307 39 97,165 3 162 8 14 1 26 10 60 10 1 5 22,618 723,102 23,126 18,692 2,393 78,968 43,920 214,196 11,482 1,190 12,291 3 162 8 U 1 26 10 59 10 1 5 22,618 723,102 23,126 18,692 2,393 78,968 43,920 215,327 11,482 1,190 12,291 2 73 8 3 1 22 6 36 9 1 1 18,288 414,424 23,126 2,309 2,393 45,513 19,326 148,296 10,154 1,190 3,518 1 66 4,330 262,601 23 46,077 7 15,750 4 *633 3 18 24,376 56,562 4 1 5 1 33,455 218 10,469 1,328 1 5,085 No. No. Assets No. Assets No. Assets 3,698 $10,049,758 3,661 $8,990,394 1,471 $4,671,503 1,021 $2,639,592 1,169 $1,679,299 240 1,371,327 220 831,958 53 330,962 13 26,688 154 52 46 22 129 13 5 5 125,832 25,898 571,486 25,646 72,977 10,119 17 5 26 2 1 2 84,061 4,364 212,159 15,385 6,137 8,856 11 25,592 23 134 21 5 5 287,977 32,519 856,409 111,326 72,977 10,119 2 1,096 18 17 103 9 4 3 364 1,119,365 359 1,017,537 81 457,808 164 469,542 220 144 430*082 689,283 215 144 328,254 . 689,283 16 65 32,527 425,281 111 53 262,317 207,225 433 584,648 432 566,957 136 330,518 107 7 399 27 5,481 544,034 35,133 7 398 27 5,481 526,343 35,133 1 113 22 679 299,471 30,368 407 1,284*967 404 1,093,000 222 650,093 68, 27 22 51 55 61 108 45 38 39,823 265,274 193,299 121,145 181,566 306,256 85,792 91,812 26 22 51 55 61 107 44 38 33,816 265,274 193,299 121,145 181,566 144,978 61,110 91,812 18 4 48 45 32 26 30 28,364 50,635 188,355 99,959 112,811 65,197 47,283 57,489 564 1,603,104 563 1,597,802 214 75 454 35 142,397 1,382,3a 78,366 74 454 35 137,095 1,382,341 78,366 52 127 35 217 581,369 216 578,201 160 57 342,844 238,525 160 56 458 924,675 343 115 731,853 192,822 235 71 42 99 13 10 272 40 68 24 U 126 Assets 103 4 Assets 1 - , - " \ .,._ ! 3 3,688 _ - _ - - - - - I - - - : : \ _ «. \ 1 4 187,935 1 3*442 3 184,493 - - 1 9,235 \ 1 1 9,235 - . 1 2,869 "* " " : 1 1 2,869 1 "V , Table 4.—Progress of membership in the Federal Home Loan Bank System, 1933-1946 [Dollar amounts are shown in thousands] Savings and loan associations A l l members Federals All Year Insured s t a t e No. Assets No. Assets 2,080 $ 2,605,600 2,073 $2,578,000 6 3,066 2,899,200 3,054 2,740,100 539 137,800 2 3,467 3,059,400 3,455 2,890,700 987 *95,300 3,761 3,362,000 3,750 3,187,500 1,200 783,000 3,932 4,116,800 3,895 3,547,600 1,318 3,951 4,402,200 3,903 3,753,100 1,357 3,920 4,745,200 3,870 4,049,300 3,864 5,035,400 3,824 4,417,000 3,824 5,502,400 3,783 3,788 5,804,500 3,744 3,748 6,402,800 Assets No. No. Assets - $ Uninsured s t a t e No. Assets Ins urance conipanies Mutual savings banks No. Assets No. Assets 2,067 $2,577,800 5 $ 17,100 2 $10,500 11,700 2,513 2,590,600 9 U3,600 3 15,500 125 213,600 2,343 2,181,800 9 152,400 3 16,300 365 494,300 2,185 1,910,200 8 157,800 3 16,700 1,099,000 562 655,900 2,015 1,792,700 9 201,600 28 367,600 1,311,000 738 812,300 1,808 1,629,800 9 200,600 39 448,500 1,398 1,576,000 797 930,000 1,675 1,543,300 10 203,300 40 492,600 1,437 1,871,400 836 1,055,900 1,551 1,489,700 11 212,200 29 406,200 4,824,600 1,460 2,173,300 879 1,183,700 1,444 1,467,600 15 264,600 26 413,200 5,040,500 1,467 2,299,900 927 1,346,100 1,350 1,394,500 21 398,200 23 365,800 3,705 5,548,300 1,466 2,617,400 977 1,559,600 1,262 1,371,300 22 440,700 21 413,800 7,349,600 3,659 6,440,200 1,464 3,168,700 998 1,837,900 1,197 1,433,600 22 485,700 18 423,700 3,697 8,754,800 3,658 7,706,200 1,467 3,923,500 1,004 2,217,800 1,187 1,564,900 25 594,000 14 454,600 3,698 10,049,800 3,661 8,990,400 1,471 4,671,500 1,021 2,639,600 1,169 1,679,300 25 641,200 12 418,200 3,699 $ 200 p Preliminary Table 5.—Selected balance sheet data for all reporting savings and loan members, 1936-1945 [Thousands of dollars] Liquid a s s e t s Year 1937 1941 No. of r e porting ass'ns. Total assets 3,757 $3,336,306 $2,253,283 3,547,628 2,583,286 Gov't. Heal estate owned FHLB advances Private Other borrowed money Reserves and undivided profits $125,094 $2,462,666 $171,097 $525,424 $143,721 $17,053 $246,551 125,646 2,519,984 252,828 488,517 198,324 17,3U 239,773 u. s. First mortgage loans 3,890 Share capital Government obligations Cash . 3,895 3,753,112 2,792,720 157,716 44,278 2,717,347 258,877 450,139 198,149 18,334 268,015 3,868 4,048,185 3,107,387 206,232 $ 45,446 3,020,469 250,252 376,673 181,603 17,900 284,658 3,818 4,410,963 3,495,884 242,391 45,618 3,375,750 220,477 299,838 200,105 16,755 303,471 3,771 4,797,758 3,918,967 278,696 75,244 3,748,001 195,692 189,429 217,881 21,345 327,594 3,737 5,025,451 3,989,514 336,281 259,678 4,097,146 167,902 124,752 131,152 11,530 368,400 3,701 5,538,600 4,047,693 387,224 738,648 4,689,103 69,326 69,512 107,869 19,148 409,928 3,656 6,422,762 4,273,721 347,348 1,490,747 5,500,972 35,529 36,827 126,882 63,527 461,203 3,658 7,681,494 4,823,418 383,896 2,181,169 6,509,029 20,821 18,279 189,982 134,752 533,063 , _ . „, 5 Table 6.—Progress of all institutions insured by the FSLIC, 1936-1946 [Dollar amounts are shown in thousands] Number of associations Total assets Net fir3t mortgages held 1.575 1,884 2,098 2,199 2,277 2,343 $1,280,800 1,757,800 2,126,700 2,510,600 2,932,300 3,362,900 $ 927,000 1,326,000 1,625,000 1,946,100 2,343,000 2,751,900 $ 59,100 72,200 103,000 138,900 173,000 206,500 2,358 2,374 2,386 2,398 3,335,101 3,461,228 3,513,096 3,651,598 2,774,108 2,827,956 2,866,497 2,871,6a 161,801 219,374 193,817 256,470 2,415 2,428 2,440 2,447 3,690,918 3,880,999 4,037,926 4,182,728 2,868,a0 2,918,577 2,971,ai 3,009,025 2,452 2,461 2,460 • 2,466 4,327,868 4,583,568 4,713,875 5,012,662 2,465 2,471 2,476 2,475 Period and class of association Share capital Government bond holdings Real estate owned FHLB advances 1159,400 175,100 188,400 177,300 152,600 106,400 $ 81,700 ALL INSURED ASSOCIATIONS 1936 1937 1938 1939 1940 1941 , | 868,200 1,159,100 1,462,800 1,811,500 2,202,600 2,597,500 1172,900 253,000 260,900 250,700 220,800 196,200 52,584 70,852 116,035 193,452 2,612,736 2,736,258 2,834,079 2,983,310 185,664 185,783 169,202 169,167 260,749 276,785 186,954 302,556 2 a , 818 376,177 580,087 581,651 3,105,060 3,270,834 3,389,891 3,573,896 120,138 119,252 69,920 69,693 3,035,201 3,117,585 3,202,359 3,259,819 228,303 239,936 256,250 269,701 788,854 954,934 997,983 1,227,451 3,710,356 3,922,705 4,092,609 4,333,739 5,136,903 5,549,563 5,725,962 6,148,230 3,300,601 3,433,871 3,572,964 3,763,128 327,151 282,911 303,195 307,712 1,262,429 1,585,708 1,607,844 1,839,008 2,485 2,490 2,497 2,496 6,359,998 6,743,121 7,012,249 7,318,604 4,051,583 4,519,248 4,922,400 5,237,560 279,543 347,362 289,903 376,872 1,200 1*318 1,357 1,398 1,437 1,460 782,900 1,099,000 1,311,000 1,576,100 1,871,400 2,173,300 587,000 854,000 1,029,000 1,269,500 1,544,500 1,824,600 1,461 1,464 1,466 1,467 2,137,579 2,205,921 2,214,101 2,299,895 1,467 1,468 . 1,471 1,466 $ 25,300 20,500 22,100 43,900 135,200 150,100 142,700 171,330 193,300 1942 March June September December 86,962 72,329 167,535 170,066 125,308 113,977 1943 March June September..... December*•••• 42,533 66,970 78,155 118,153 100,340 50,868 50,832 37,721 37,701 33,310 90,103 118,743 24,181 86,840 123,466 4,538,426 4,786,912 4,981,869 5,219,910 28,781 28,751 23,367 23,366 18,114 l,792,a8 1 , 6 a , 628 1,566,979 1,458,7a 5,432,080 5,724,893 5,922,507 6,193,342 19,373 19,358 16,306 16,305 6,628 144,111 189,908 216,573 272,904 37,300 44,600 64,800 87,900 111,900 138,100 11,900 9,000 9,000 23,600 485,200 675,300 864,800 1,107,800 1,386,800 1,668,400 153,500 216,700 219,700 208,800 181,400 160,000 84,700 92,400 97,800 89,100 77,300 53,800 60,100 102,200 106,600 105,900 127,200 144,100 1,832,3a 1,849,400 1,861,062 1,853,868 99,247 Ul,617 116,834 164,430 28,775 a , 022 70,196 117,339 1,667,983 1,735,932 1,788,000 1,882,051 150,776 150,776 136,518 137,208 44,027 2,300,638 2,426,079 2,523,737 2,617,431 1,839,302 1,865,991 1,896,312 1,915,771 156,792 170,730 109,181 183,038 146,537 235,524 369,954 373,325 1,953,846 2,060,502 2,135,010 2,257,002 96,109 96,109 55,021 55,021 1,466 1,465 1,464 1,464 2,709,897 2,881,276 2,961,860 3,168,731 1,927,122 1,972,881 2,024,635 2,058,045 135,664 148,913 151,862 166,764 509,170 620,016 652,085 810,013 2,346,042 2,488,785 2,599,565 2,760,927 39,957 39,948 29,562 29,647 1,465 1,465 1,467 1,467 3,237,942 3,528,027 3,632,197 3,923,501 2,081,613 2,164,653 2,255,283 2,382,101 192,904 178,377 178,411 194,678 832,311 1,052,668 1,067,837 1,213,609 2,895,120 3,058,683 3,162,465 3,348,567 22,616 22,616 18,058 18,058 1,469 1,472 1,474 1,471 4,050,719 4,311,747 4,469,937 4,671,503 2,571,919 2,886,6a 3,151,813 3,357,582 169,884 221,431 180,457 243,866 1,175,285 1,067,943 1,004,260 921,421 3,481,382 3,677,643 3,790,634 3,970,772 14,539 14,539 11,956 11,956 58,207 1944 March Jane . September December ••« 1945 March September December 13,088 54,365 124,936 92,618 185,210 1946 March. Jane September* December * 8,973 FEDERAL ASSOCIATIONS 1936 1937 1938 1939 1940 19a 1942 March Jane September December 37,202 123,748 127,623 92,943 84,135 1943 March June*••••••• September or 29,502 21,360 46,620 56,553 87,648 74,780 1944 March June September December 17,970 13,219 63,892 84,602 60,877 90,257 1945 March June September December 9,989 7,507 37,109 97,940 71,252 137,839 1946 March September* • * * December* * . . . * . . * « * 6 5,488 4,251 109,213 137,605 153,096 190,579 Table 6.—Progress of all institutions insured by the FSLIC, 1936-1946—Continued [Dollar amounts are shown in thousands] Ntaaber of associations Period and class of association Net first mortgages held Total assets Real estate owned FHLB advances Reserves & undivided profits 174,700 82,700 90,600 88,200 75,300 52,600 $21,600 33,000 43,500 36,800 44,100 49,200 $ 38,000 53,500 62,900 70,500 78,300 89,500 42,935 43,787 42,443 32,365 29,842 110,664 20,150 21,602 30,505 25,560 126,2a Share capital Government bond holdings STATB-CHaRTERED ASSOCIATIONS 1936 1937 1938 1939 1940. 375 .566 741 801 840 883 < 19U $ 497,900 658,800 815,700 934,500 1,060,900 1,189,600 340,000 472,000 596,000 676,600 798,500 927,300 $ 21,800 27,600 38,200 51,000 61,100 68,400 $ 13,400 11,500 13,100 20,300 383,000 483,800 598,000 703,700 815,800 929,100 $19,400 36,300 41,200 897 910 920 931 1,197,522 1,255,307 1,298,995 1,351,703 941,767 978,556 1,005,435 1,017,773 62,554 77,757 76,983 92,040 23,809 29,830 45,839 76,113 944,753 1,000,326 1,046,079 1,101,259 34,888 35,007 32,684 31,959 948 960 969 981 1,390,280 1,454,920 1,514,189 1,565,297 1,029,108 1,052,586 1,075,099 1,093,254 103,957 106,055 77,773 119,518 95,281 140,653 210,133 208,326 1,151,234 1,210,332 1,254,881 1,316,894 24,029 23,143 14,899 14,672 986 996 996 1,002 1,617,971 1,702,292 1,752,015 1,843,931 1,108,079 1,144,704 1,177,724 1,201,774 92,639 91,023 104,388 102,937 279,684 334,918 345,898 417,438 1,364,314 1,433,920 1,493,044 1,572,812 10,911 10,884 8,159 8,054 1,000 1,006 1,009. 1,008 1,898,961 2,021,536 2,093,765 2,224,729 1,218,788 1,269,218 1,317,681 1,381,027 134,247 104,534 124,784 113,034 430,118 533,040 540,007 625,399 1,643,306 1,728,229 1,799,404 1,871,343 6,165 6,135 5,309 5,308 1,016 1,018 1,023 1,025 2,309,279 2,431,374 2,542,312 2,647,101 1,479,664 1,632,607 1,770,587 1,879,978 109,659 125,931 109,446 132,986 617,133 573,685 562,719 537,320 1,950,698 2,047,250 2,131,873 2,222,570 4,834 4,819 4,350 4,349 a , 900 39,400 36,200 1942 March June*.*. September December .< 35,127 98,347 1943 March June* ••• September December ••• 28,705 21,173 118,549 1944 March June September* December •*.*• 26,211 34,ia 25,963 33,209 15,340 10,962 133,615 143,646 1945 March June*••••••••••••••••••« September • December 17,256 26,996 21,366 47,371 8,125 5,581 152,739 163,044 1946 March June*** September. December • 3,485 2,377 34,898 52,303 63,477 82,325 174,459 187,583 Table 7.—Selected statistics iot all operating savings and loan associations, 1922-1946 [Dollar amounts are shown i/n thousands] Number of associations Total Assets "Net" assets (less pledged shares) First mortgage loans Cash Gross loans Mortgage pledged shares Net loans 5,600,000 5,543,000 5,524,000 5,672,000 6,011,000 5,178,000 5,190,000 5,204,000 5,382,000 5,765,000 3,832,000 3,908,000 4,077,000 4,374,000 4,798,000 422,000 353,000 320,000 290,000 246,000 3,ao,ooo 6,109,000 6,604,000 7,458,000 8,747,000 10,041,000 5,882,000 6,395,000 7,275,000 8,602,000 9,920,000 4,783,000 4,793,000 4,983,000 5,521,000 7,300,000 227,000 209,000 183,000 145,000 120,000 1932*. 1933.< 19341935*. 1936*. 10,915 10,596 10,744 10,266 9,663 7,737,000 7,018,000 6,406,000 5,875,000 5,688,000 19371938.. 1939*« 1940*. 19a*> 8,870 8,289 7,719 7,184 6,905 1942*. 1943194419451946P. 6,540 6,498 6,279 6,149 6,100 4,910,000 5,494,000 6,305,000 7,365,000 8,500,000 203,000 117,000 60,000 33,000 20,000 153,000 134,000 199,000 336,000 400,000 496,000 534,000 572,000 645,000 740,000 344,000 887,000 1,703,000 2,456,000 2,000,000 5,148,000 4,437,000 3,710,000 3,292,000 3,237,000 6,081,000 6,809,000 7,411,000 7,471,000 7,093,000 476,000 486,000 470,000 457,000 469,000 405,000 465,000 413,000 450,000 510,000 1,259,000 1,122,000 883,000 655,000 523,000 7,179,000 8,016,000 8,695,000 8,829,000 8,417,000 247,000 243,000 225,000 233,000 256,000 4,556,000 4,584,000 4,800,000 5,376,000 7,180,000 6,407,000 5,559,000 4,593,000 3,947,000 3,760,000 12,604 12,666 12,342 11,777 11,442 1,014,000 890,000 681,000 492,000 328,000 152,000 134,000 111,000 105,000 136,000 6,478,000 5,896,000 5,523,000 5,220,000 5,165,000 1927*. 1928.. 19291930.. 1931- $ 4,015,000 4,005,000 4,060,000 4,272,000 4,652,000 3,555,000 3,757,000 4,084,000 4,552,000 5,488,000 6,060,000 6,507,000 6,402,000 5,890,000 $3,009,000 3,549,000 4,289,000 5,085,000 5,842,000 642,000 828,000 1,002,000 1,163,000 1,150,000 199,000 215,000 267,000 301,000 340,000 1,098,000 1,207,000 1,284,000 1,358,000 1,324,000 $2,802,000 3,311,000 3,996,000 4,628,000 5,302,000 . .. $210,000 1 Reserves & undivided profits . « . $479,000 5,326,000 4,750,000 4,458,000 4,254,000 4,131,000 6,586,000 7,267,000 7,791,000 7,760,000 7,214,000 $ 3,343,000 3,943,000 4,766,000 5,509,000 6,334,000 FHLB advances & other borrowed money _ _ _ *. $194,000 $2,210,000 2,626,000 3,153,000 3,811,000 4,378,000 $2,468,000 2,917,000 3,519,000 4,204,000 4,810,000 10,009 10,744 11,844 12,403 12,626 -Real estate owned Private share capital «. _ 188,000 541,000 632,000 770,000 881,000 1,032,000 1922.. 1923*. 1924*. 1925*. 1926*. Gov't. bonds and other investments 5,027,000 5,762,000 6,237,000 6,296,000 5,916,000 $ . 238,000 370,000 p Preliminary 7 Table 8.—Flow of savings in savings and loan associations, by class of association, 1942-1946 [Dollar amounts are shown in millions] New investments Withdrawals - - 1942... Withdrawal ratio Net inflow - New investments Withdrawals - - Net inflow - - Withdrawal ratio - January.... February... March * 88.1 82.1 108.3 * 69.1 56.1 48.6 » 19.0 26.0 59.7 78.4 68.3 44.9 1 I 75.2 69.8 91.0 $ Uninsured associations Insured associations FHLB member associations A l l associations and year New investments Withdrawals Net inflow % 871.7 $ Withdrawal ratio 578.4 *293.3 66.4 105.8 53.4 56.7 118.7 47.2 47.1 -12.9 6.2 9.6 112.2 88.4 83.1 New investments - Withdrawals Net inflow _ 56.4 45.0 37.6 $ 18.8 24.8 53.4 75.0 64.5 U.3 58.2 53.8 72.8 40 .4 31.5 26.2 17.8 22.3 46.6 69.4 58.6 36.0 $ 29.9 28.3 35.5 » 28.7 24.6 22.4 _ * Withdrawal ratio . 1.2 3.7 13 a 96.0 86.9 63.1 141.9 96.4 101.0 125.2 61.6 68.7 16.7 34.8 32.3 88.2 63.9 68.0 127.8 86.7 86.4 111.6 54 .4 55.5 16 .2 32.3 30.9 87.3 62.7 64.2 103.8 70.3 68.1 87.1 41.5 40.1 16.7 28.e 28.0 83.9 59.0 58.9 38.1 26.1 32.9 38.1 20.1 28.6 6.0 4.3 100.0 77.0 86.9 October.... November... December... 104.2 95.3 128.6 62.6 53.3 48.7 41.6 42.0 79.9 60.1 55.9 37.9 87.2 79.5 106.9 49.2 40.6 40.7 38.0 38.7 66.2 56.4 51.3 38.1 73.1 64.7 91.0 37.7 30.7 30.2 35.4 34.0 60.8 51.6 47.4 33*2 31.1 30.6 37.6 24.9 22.6 18.5 6.2 8.0 19 a 80 a 73.9 49.2 1943... 1,524 J. 909.0 615 A 59.6 1,362.5 781.7 580 .e 57.4 1,150.7 623.7 527.0 54.2 373.4 285.2 88.2 76.4 January.... February... 157^ 104 .4 116.1 115.9 67.8 76.8 a.2 36.6 39.3 73.8 65.0 66.2 141.4 88.7 100.2 102.5 54.6 62.6 38.9 34.1 37.6 72.5 61.5 62.5 119.9 73.5 83.4 84.6 42.1 49.0 35.3 31.4 34.4 70.5 57.3 58.7 37.2 30.9 32.6 31.4 25.7 27.9 5.8 5.2 4.7 84.3 83.2 85.3 113.2 104.8 137.0 71.6 50.2 53.2 a.6 54.6 83.8 63.2 47.9 38.9 99.4 94.4 122.7 61.3 43.5 45.0 38.1 50.9 77.7 61.7 46.1 36.7 83.2 78.3 103.9 47.2 33.7 33.7 36.0 44.6 70.2 56.7 43.0 32.4 30.0 26.5 33.0 24.4 16.5 19.5 5.6 10.0 13.5 81.4 62a 59 a September.. 172.0 124.2 111.3 128.4 72.9 85.9 43.6 51.3 25.4 74.7 58.7 77.2 155.8 112.0 100.6 114.8 63.1 74.3 41.0 48.9 26.3 73.6 56.3 73.8 134.1 94.2 84.0 97.1 50.3 60.0 37.0 43.9 24.0 72.4 53-3 71.5 33.0 30.0 27.3 31.3 22.6 25.9 6.7 7.4 1.4 82.5 75.4 94.6 October.... November... December... 115.8 117.4 150.8 67.3 62.8 56.1 48.5 54.6 94.7 58.1 53.5 37.2 104.2 106.8 136.2 58.1 53.6 48.3 46.1 53.2 87.9 55.8 50.2 35.4 87.7 90.0 118.5 45.1 43.1 37.9 42.6 46.9 80.6 51.4 47.9 32.0 28.1 27.3 32.3 22.2 19.7 18.2 5.9 7.6 78.9 71.9 56.3 1944... 1,896.3 1,021.6 874.7 53.9 1,731.3 915.3 816.0 52.9 1,484.4 754.9 729.5 50.9 411.8 266 .6 145.2 64.7 January.... February... 188.0 122.6 142.6 133.7 80.9 76.6 a.7 54.3 66.0 71.1 66.0 53.7 175.2 111.1 127.3 122.4 72.7 68.4 52.8 38.4 58.9 69.9 65.4 53.7 153.3 94.8 104.5 104.8 59.9 56.7 48.5 34.9 47.8 68.4 63.2 54.3 34.7 27.8 38.1 28.9 21.0 19.9 5.8 6.8 18.2 83.2 75.7 52.3 138.7 141.0 167.7 71.5 63.7 67.7 67.2 77.3 100.0 51.6 45.2 40.4 123.1 128.7 153.3 61.3 55.3 60.6 61.8 73.4 92.7 49.8 43.0 39.5 103.7 109.0 127.9 48.4 44.4 46.6 55.3 64.6 81.3 46.7 40.7 36.4 34.9 32.0 39.7 23.2 19.3 21.2 11.7 12.7 18.5 66.3 60.3 53.3 August..... September.. 191.5 159.9 152.6 151.0 85.9 74 .2 40.5 74.0 78.4 78.8 53.7 48.6 177.6 146.4 140.3 139.4 77.4 67.0 38.2 69.0 73.3 78.5 52.8 47.7 155.2 126.6 122.0 120.3 64.6 56.1 34.9 62.0 65.9 77.5 51.0 46.0 36.3 33.2 30.6 30.6 21.3 18.1 5.7 11.9 12.5 84.3 64.1 59.1 October.... November... December... 163.2 147.5 180.9 75.5 76 .1 64.6 87.7 71.4 116.3 46.3 51.6 35.7 150.3 134.6 163 J, 67.4 65.9 57.5 82.9 68.7 105.9 44.9 49.0 35.2 129.9 115.0 142.3 54.7 52.4 46.0 75.2 62.6 96.3 42.1 45.5 32.3 33.3 32.5 38.6 20.8 23.7 18.7 12.5 8.8 19.9 62.5 73.0 48.3 1945... 2,337.6 1,297.0 1,040.6 55.5 2,161.1 1,187.7 973.4 55.0 1,877.0 1,005.7 871.3 53.6 460.6 291.2 169.4 63.2 236.6 156.1 170.9 155.0 82.6 93.0 81.6 73.5 77.9 65.5 52.9 54.4 220.1 145.1 159.0 141.3 74.9 84.3 78.8 70.2 74.7 64.2 51.6 53.0 195.1 125.8 138.7 123.9 63.1 71.5 71.2 62.7 67.2 63.5 50.2 51.5 a.5 30.3 32.2 31.0 19.5 21.5 10.5 10.8 10.7 74.8 64.2 67.0 162.3 162 .1 204.4 87.8 82.1 78.9 74.5 80.0 125.5 54a 50.6 38.6 151.8 151.1 189.2 80.5 75.9 71.2 71.3 75.2 118.0 53.0 50.2 37.6 133.7 130.2 163.2 65.7 63.0 56.3 68.0 67.2 106.9 49.2 48.4 34.5 28.7 31.9 41.3 22.1 19.1 22.6 6.6 12.8 18.7 77.0 59.9 54.7 243.4 196.2 194.8 179.2 104.3 100.5 64.2 91.9 94.3 73.6 53.1 51.6 225.6 180.0 170.1 167.1 96.1 92.3 58.5 83.9 77.8 74.1 53.4 54.2 196.9 156.2 146.3 U4.9 83.4 77.9 52.0 72.8 68.4 73.6 53 J* 53.2 46.4 40.1 48.5 34.3 20.9 22.7 12.1 19.2 25.8 73.8 52.2 46.7 202.8 184.0 223.9 119.8 118.9 95.0 83.0 65.1 128.9 59.1 64.6 42.4 190.1 170.6 208.4 109.6 108.4 86.2 80.5 62.2 122.2 57.7 63.5 U.4 163.6 147.0 180.4 91.7 92.7 71.8 71.9 54.3 108.6 56.0 63.0 39.8 39.1 37.0 43.5 28.2 26.2 23.2 10.9 10.8 20.3 71.9 70.8 53.3 1946... 3,143.8 2,004.9 1,138.9 63.8 2,927.2 1,856.4 1,070.8 63.4 2,569.0 1,612.6 956.4 62.8 574.8 392.2 182.6 68.2 January.... February*., 335.0 220.5 243 .4 244.6 150.7 158.6 90.4 69.8 84.8 73.0 68.3 65.2 317.4 206.0 226.1 229.9 137.3 148.4 87.5 68.7 77.7 72.4 66.6 65.6 283.5 182.7 198.2 205.5 122 a 129.6 78.0 60.6 68.6 72.5 66.8 65.4 51.5 37.8 45.2 39.1 28.6 29.1 12.4 9.2 16.1 75.9 75.6 64.3 248.1 246.7 269.7 155.5 147.7 112.1 92.6 99.0 157.6 62.7 59.9 41.6 229.3 227.6 251.0 143.1 136.7 101.0 86.2 90.9 150.0 62.4 60.1 40.3 198.9 197.0 219.8 123.3 116.4 86.0 75.6 80.6 133.8 62.0 59.1 39.1 49.2 49.7 49.9 32.2 31.3 26.1 17.0 18.4 23.3 65.5 62.9 52.4 September.. 356.9 255.3 230.0 271.6 176.8 169.9 85.3 78.5 60 JL 76.1 69.3 73.8 334.3 238.0 213.3 254.7 162.9 157.3 79.6 75.1 56.0 76.2 68.5 73.7 296.7 207.8 185.8 224.7 140.8 135.1 72.0 67.0 50.7 75.7 67.8 72.7 60.2 47.5 44.3 46.9 36.0 34.7 13.3 11.5 9.6 77.8 75.8 78.5 October.... November... December... 250.5 215.2 272.6 162.4 142.4 112.6 88.1 72.8 160.0 64.8 66.2 41.3 231.8 198.1 254.3 150.3 131.1 103.7 81.5 67.0 150.6 64.9 66.2 40.8 202.2 172.9 223.6 129.3 112.1 87.7 72.9 60.8 135.9 63.9 64.9 39.2 48.3 42.3 49.0 33 a 30.3 24.9 15.2 12.0 24a 68.4 71.7 50.8 il ill I i September.. 8 ua Table 9.—Estimated long-term savings of individuals, by selected media, 1920-1946 [Millions of dollars] Net increase during year December 31 Savings and loan associations Insurance companies Mutual savings banks Insured oomercial banks Postal savings 2** postal savings bonds War savings securities & U. S. savings bonds 1920. 1921. 1922. $ 19,825 21,942 23,844 $ 2,117 1,902 *1,741 1,965 2,210 t 5,814 6,175 6,625 $4,806 5,5a 5,985 $6,532 7,457 8,156 $ 166 148 135 761 652 730 1923. 1924. 1925. 26,241 28,945 32,808 2,397 2,704 3,863 2,626 3,153 3,811 7,349 8,048 8,927 6,484 6,912 7,349 9,271 10,282 12,205 135 137 138 373 411 376 1926. 1927. 1928. 36,906 40,082 42,268 4,098 3,176 2,186 4,378 5,027 5,762 9,939 11,049 12,213 7,799 8,352 8,731 14,288 15,253 15,304 143 153 158 356 245 95 1929. 1930. 1931. 43,480 44,320 43,257 1,212 840 -1,063 6,237 6,296 5,916 13,238 14,096 14,679 8,797 9,384 9,939 15,032 14,286 12,096 169 250 613 7 8 14 1932. 1933. 1934. 40,360 39,279 41,194 -2,897 -1,081 1,915 5,326 4,750 4,458 14,85* 15,011 16,052 9,890 9,506 9,670 9,3a 8,729 <9,709 915 1,229 1,232 30 54 73 1935. 1936. 1937. 43,686 46,633 49,113 2,492 2,947 2,480 4,254 4,131 4,015 17,542 19,133 20,510 9,829 10,013 10,126 10,575 11,491 12,100 1,229 1,291 1,303 104 99 95 153 475 964 1938. 1939. 1940. 51,114 54,158 57,601 2,001 3,044 3,443 4,005 4,060 4,272 21,858 23,3*1 25,025 10,235 10,481 10,618 12,196 12,622 13,062 1,286 1,315 1,342 92 90 87 1,442 2,209 3,195 19U. 1942. 1943. 62,023 71,126 86,815 4,422 9,103 15,689 4,652 4,910 5,494 27,393 29,610 31,256 10,490 10,621 11,707 13,261 13,916 16,864 1,392 1,459 1,837 85 84 83 4,750 10,526 19,574 107,106 125,188 133,793 20,291 18,082 8,605 6,305 34,100 37,362 40,400P 13,332 15,332 16,813 21,721 27,830 31,123 2,406 3,013 3,379 82 82 80 29,153 34,204 33,498 1944. 1945. 1946. 8,500* • Preliminary Table 70.-^Savings factors in the national economy, 1929-1946 [Billions of dollars] Source of inccme Salaries and wages Entrepreneurial income and net rents and royalties Dividends and interest $ 52,500 47,600 40,000 $17,200 12,900 9,500 $11,800 11,700 10,200 $ 1,100 1,200 2,200 31,100 29,300 33,900 6,300 8,000 9,300 8,400 7,300 7,900 36,900 42,100 46,200 11,400 13,000 14,200 42,900 45,700 49,700 1932 1936 1941 • 741910 Total income payments to individuals | . Disposition of income Less: personal taxes Equals: disposable inccme Less: consumer expenditures Equals: net savings $ 82,600 73,300 62,000 $ 3,000 2,600 2,400 $ 79,600 70,700 59,600 $ 70,800 64,900 54,200 $ 8,800 5,800 5,400 1,600 1,700 1,800 47,400 46,300 52,900 1,900 1,800 1,900 45,600 44,500 51,000 43,000 42,400 47,700 2,600 2,100 3,300 8,000 9,800 9,900 2,200 3,200 2,100 58,600 68,100 72,400 2,300 2,900 3,100 56,300 65,200 69,200 52,200 59,100 62,500 III Year 12,400 13,400 14,300 8,200 8,900 9,200 2,700 2,800 3,100 66,200 70,800 76,300 3,300 3,100 3,300 62,900 67,700 72,900 58,500 61,700 65,700 4,400 6,000 7,300 61,400 80,400 101,800 18,600 23,900 27,200 9,800 9,800 10,400 3,000 3,200 3,300 92,800 117,300 143,100 4,000 6,700 13,600 88,700 110,600 124,600 74,600 82,000 91,300 14,200 28,600 33,300 111,700 110,200 105,200 28,000 29,700 34,600 11,200 12,200 13,700 5,800 8,600 11,500 156,800 160,700 165,100 19,400 21,200 19,100 137,400 139,600 146,000 98,500 106,400 127,200 38,900 33,100 18,800 Other | 1 0 - 4 7 - 2 9 Table 11.—New mortgage loans of all operating savings and loan associations, by purpose of loan and by class of association, 1936-1946 [Thousands of dollars] Year and month 1937 1942 April December 1943 May 1944 May 1945 May 1946 10 Home purchase Construction * 178,387 234,102 220,458 $ 230,082 326,629 265,485 Refinancing Reconditioning $ » 178,029 180,804 160,167 65,435 62,143 58,623 All other purposes $ 103,064 92,901 93,263 Total loans * 754,997 896,579 797,996 All Federal associations | 228,896 307,278 286,899 All insured associations All member associations $ * 430,242 418,053 538,417 686,564 620,369 Honmember associations * 216,580 210,015 177,627 301,039 398,632 437,065 339,629 426,151 580,503 182,025 198,148 190,573 59,463 63,583 61,328 104,227 113,065 109,215 986,383 1,199,579 1,378,684 400,337 509,713 584,220 580,500 74-4,588 882,938 796,378 993,212 1,168,024 190,005 206,367 210,660 190,438 573,732 165,816 41,695 78,820 1,050,501 412,828 670,631 888,906 161,593 22,791 20,799 21,775 20,488 17,610 15,930 17,709 12,568 12,449 10,572 9,275 8,472 34,127 33,769 40,930 52,196 53,095 52,112 52,190 55,301 58,060 56,528 43,984 41,440 12,854 12,325 13,225 14,508 13,607 15,184 16,097 14,019 14,063 14,694 12,472 12,768 3,190 3,138 3,547 4,083 3,866 3,566 3,671 4,126 3,804 3,498 3,007 2,199 6,571 6,725 7,890 7,772 6,831 7,303 6,130 6,549 5,679 6,380 5,241 5,749 79,533 76,756 87,367 99,047 95,009 94,095 95,797 92,563 94,055 91,672 73,979 70,628 31,142 31,919 36,325 38,484 36,966 35,279 37,007 36,620 37,987 35,555 28,163 27,381 49,549 49,387 56,934 62,015 59,006 58,642 61,062 58,785 61,508 59,021 48,017 46,705 66,454 65,858 74,355 82,421 79,971 79,544 80,672 78,169 80,236 77,492 63,604 60,132 13,079 10,898 13,012 16,626 15,038 14,551 15,125 14,394 13,819 14,180 10,375 10,496 106,497 802,371 167,254 30,441 77,398 1,183,961 511,757 835,116 1,051,056 132,905 7,173 4,594 8,572 9,853 9,039 8,946 9,209 10,616 13,211 7,452 6,928 10,904 32,820 39,084 55,235 65,088 67,826 74,885 • 77,555 82,894 86,016 ' 83,259 73,053 64,656 11,408 12,510 14,874 15,040 14,843 15,913 14,925 14,600 13,799 14,025 12,767 12,550 1,667 1,953 2,377 2,484 2,606 2,707 2,807 2,809 3,229 2,874 2,638 2,290 4,788 5,183 6,127 6,270 6,176 6,425 6,859 6,470 6,718 7,540 7,670 7,172 57,856 63,324 87,185 98,735 100,490 108,876 111,355 117,389 122,973 115,150 103,056 97,572 23,390 26,566 37,850 42,717 41,835 46,730 48,370 51,172 54,100 50,576 44,804 43,647 39,149 44,076 61,139 69,604 69,471 76,899 77,994 83,068 87,878 81,929 72,936 70,973 50,300 54,7a 76,445 87,178 89,653 96,912 99,018 104,669 110,007 102,602 91,912 87,619 7,556 8,583 10,740 11,557 10,837 11,964 12,337 12,720 12,966 12,548 11,144 9,953 95,243 1,064,017 163,813 30,751 100,228 1,454,052 669,433 1,085,322 1,318,103 135,949 7,872 11,195 9,127 13,484 7,338 9,663 7,078 7,589 5,923 6,095 4,635 5,244 55,000 66,138 81,846 85,568 98,872 103,276 93,232 105,050 101,884 101,461 90,182 81,508 9,976 11,955 14,422 13,491 14,963 13,871 14,152 14,495 15,253 13,265 13,555 1,521 1,960 2,266 2,679 2,967 2,957 2,841 3,067 3,160 2,699 2,507 2,127 6,609 6,916 8,469 7,421 8,931 9,350 8,014 8,816 8,993 9,720 7,785 8,704 80,978 98,164 116,130 122,643 132,523 140,709 125,036 138,674 134,455 135,228 118,374 111,138 37,076 44,144 53,883 57,045 59,229 64,474 57,164 64,400 63,489 61,965 54,978 51,586 59,704 73,164 87,163 91,344 97,454 105,245 93,305 104,008 101,658 100,642 88,227 83,408 72,532 88,283 104,569 111,257 119,370 128,325 113,703 125,777 122,651 122,910 107,219 101,507 8,446 9,881 11,561 11,386 13,153 12,384 11,333 12,897 11,804 12,318 11,155 9,631 180,550 1,357,555 196,011 40,736 137,826 1,912,678 911,671 1,448,817 1,748,545 164,133 3,772 3,081 7,406 9,541 13,032 17,567 17,658 20,730 16,375 23,985 24,481 22,922 76,495 78,140 105,307 113,684 120,244 116,798 112,761 120,557 113,103 135,224 135,685 129,557 12,167 12,524 15,922 16,800 15,887 17,147 15,622 17,146 16,786 18,751 19,411 17,848 1,868 1,994 2,559 2,951 3,396 3,364 3,351 3,971 3,980 4,857 4,487 3,958 7,999 10,270 10,287 10,778 10,520 12,435 11,007 11,259 12,189 13,562 14,095 13,425 102,301 106,009 141,481 153,754 163,079 167,311 160,399 173,663 162,433 196,379 198,159 187,710 46,439 49,900 69,430 71,375 75,607 79,603 76,355 82,197 77,321 95,815 96,709 90,920 76,215 79,479 110,287 113,296 121,808 126,824 121,572 131,239 122,093 150,000 151,335 144,664 92,891 96,475 130,118 139,330 147,528 153,822 146,619 157,8a 147,963 180,634 182,513 172,811 9,534 11,363 14,424 15,551 13,489 13,780 15,822 14,470 15,745 15,646 14,899 615,542 2,356,630 270,235 80,563 261,522 3,584,492 1,810,374 2,798,878 3,321,881 262,611 30,807 30,866 45,391 53,202 62,189 56,297 59,708 59,377 55,354 60,931 51,187 50,233 145,342 154,219 202,995 235,877 243,458 218,575 216,369 211,804 198,842 207,139 170,162 151,848 21,372 19,801 24,244 24,882 24,451 22,402 21,388 22,032 21,546 24,376 2J.,625 22,116 3,803 4,217 6,198 6,796 6,954 6,625 7,327 8,481 8,027 9,061 7,034 6,040 15,518 16,416 21,335 22,242 24,246 22,098 21,256 22,765 26,022 24,692 21,468 23,464 216,842 225,519 300,163 342,999 361,298 325,997 326,048 324,459 309,791 326,199 271,476 253,701 109,146 111,927 155,960 174,468 186,282 167,552 165,031 165,812 154,105 165,742 131,607 122,742 169,107 174,954 238,268 268,706 285,613 257,175 254,858 255,273 240,708 254,626 205,776 193,814 201,249 209,232 279,905 317,582 336,443 303,848 301,997 300,436 287,863 302,402 248,387 232,537 15,593 16,287 20,258 25,a7 24,855 22,149 24,051 24,023 21,928 23,797 23,089 21,164 9,ao Table 12.—New mortgage loans by all operating savings and loan associations, by FHLB District and by purpose, 1936-1946 [Thousands of dollars] Year and purpose of loan Halted States WinstonSalem Cincinnati Des Moinea Little Rook Topeka San Francisco Total 754,997 896,579 797,996 986,383 * 83,254 85,627 74,733 90,379 $ 65,088 83,335 77,617 96,233 I 39,771 67,781 62,561 79,284 $113,017 112,307 111,104 138,817 $101,114 166,270 121,652 156,944 $ 42,504 41,032 35,617 48,310 $ 64,557 93,037 78,865 98,382 $ 52,111 49,211 48,239 61,776 $ 46,931 45,081 48,699 56,917 $ 56,062 46,476 41,148 47,505 « 90,588 106,422 97,761 111,836 1940 19a 1942 1943 1,199,579 1,378,684 1,050,501 1,183,961 115,289 146,? 2 102,833 98,773 115,475 138,375 106,064 89,296 93,084 111,619 97,596 101,098 174,909 191,587 140,110 143,218 198,767 234,588 193,543 212,964 62,889 70,602 56,923 70,442 121,842 135,923 101,125 119,363 71,461 74,416 51,328 66,706 59,951 67,247 48,879 61,133 51,052 54,605 44,356 57,371 134,860 153,570 107,744 163,597 1944 1945 1946 1,454,052 1,912,678 3,584,492 106,780 125,996 239,665 133,035 187,331 372,091 123,055 154,716 267,106 171,441 243,851 525,631 249,679 313,820 565,535 81,198 \08,216 210,942 163,857 214,528 367,792 91,443 116,997 216,485 75,042 90,802 188,124 70,149 96,974 168,555 188,373 259,447 462,566 10,471 16,857 14,876 22,072 12,023 13,775 14,559 21,016 13,815 15,365 16,715 22,104 12,211 12,557 9,795 12,804 35,652 45,425 43,008 51,139 32,999 37,062 15,063 4,699 25,496 22,a5 6,478 1,994 22,697 23,418 10,972 7,603 13,886 14,611 8,117 4,381 70,009 75,867 30,528 36,757 1936 1937 1938 1939 $ Construction 1936 1937 1938 1939 178,387 234,102 220,458, 301,039 16,338 19,501 16,368 22,081 18,452 24,145 22,589 30,411 4,322 10,056 9,482 16,302 27,932 35,481 35,489 48,452 18,225 30,766 1940 1941 1942 1943 398,632 437,065 190,438 106,497 32,705 38,456 13,753 5,722 35,855 38,852 19,768 4,125 19,191 20,794 12,005 3,917 66,045 70,445 28,844 15,277 57,280 70,213 32.7U 15,056 8,946 10,174 9,5a 15,390 22,469 24,932 12,169 6,966 1944 1945 1946 95,243 180,550 615,542 4,262 5,240 23,902 2,890 4,378 39,360 3,527 4,770 18,237 7,671 25,817 113,226 9,997 23,664 75,180 5,555 6,353 30,027 8,827 18,603 55,362 3,178 6,142 34,170 9,850 11,345 42,840 2,800 8,255 30,062 36,686 65,983 153,176 1936 1937 1938 1939 230,082 326,629 265,485 339,629 32,335 33,823 30,805 40,246 17,864 32,715 32,108 40,851 16,628 33,819 28,113 38,958 30,815 30,869 26,313 36,047 38,940 78,298 48,679 63,145 11,792 14,399 11,145 14,653 18,379 33,947 26,454 32,954 13,556 15,156 13,798 17,661 14,000 13,542 14,495 15,774 15,732 16,108 13,713 15,933 19,5a 23,953 19,862 23,407 1940 1941 1942 1943 426,151 580,503 573,732 802,371 52,051 77,354 67,473 73,975 51,257 71,288 63,128 62,839 48,147 68,277 66,751 77,318 47,512 63,837 63,551 81,495 81,635 105,120 110,200 146,286 19,610 25,010 27,589 46,748 44,180 59,667 56,587 87,777 21,806 28,246 26,222 48,098 17,206 23,348 23,397 39,835 16,496 20,721 22,426 a,373 26,251 37,635 46,408 96,627 1944 1945 1946 1,064,017 1,357,555 2,356,630 82,700 94,666 175,042 104,382 152,778 287,932 100,732 132,211 221,907 107,940 148,802 297,126 188,944 226,585 385,849 58,297 78,206 Ul,912 126,984 161,025 258,692 70,221 87,778 148,283 50,860 60,955 114,097 55,182 72,933 111,528 117,775 ia,616 214,262 1936 1937....... 1938 1939.... 178,029 180,804 160,167 182,025 16,188 17,527 13,367 12,618 14,450 13,711 12,023 13,790 9,333 12,182 12,899 14,011 26,910 27,555 27,356 30,076 23,590 28,636 21,608 28,224 9,686 7,302 6,746 8,376 22,831 25,729 20,876 23,846 14,422 11,651 11,712 14,149 8,049 6,873 7,255 8,110 11,811 7,215 6,808 7,713 20,759 22,423 19,517 21,112 1940 1941 1942 1943.. 198,148 190,573 165,816 167,254 14,740 14,444 10,931 10,049 15,771 14,887 13,457 15,615 15,062 14,868 13,253 15,284 32,918 30,143 28,219 27,229 30,061 30,731 29,458 31,542 10,359 10,787 9,476 9,363 24,979 21,072 16,724 16,203 14,840 14,271 12,606 10,455 8,482 9,032 6,733 7,173 8,923 8,401 6,532 5,870 22,013 21,937 18,427 18,471 1944 1945 1946 163,813 196,011 270,235 10,854 12,821 18,123 17,598 20,882 26,549 13,844 12,588 14,361 29,494 36,513 50,279 26,637 30,880 42,878 9,468 11,935 17,147 15,819 17,070 22,473 9,778 12,975 16,062 6,564 8,206 12,189 4,799 6,574 9,047 18,958 25,567 a,127 1936 1937 1938 1939 65,435 62,143 58,623 59,463 10,202 6,561 6,826 6,789 5,725 5,583 4,907 4,358 4,787 5,863 5,180 4,810 7,886 6,426 6,418 6,645 8,384 11,223 9,723 9,907 5,177 4,363 3,720 4,660 6,051 7,706 7,480 7,926 4,480 3,489 3,470 3,780 3,724 3,363 3,761 3,498 5,025 3,009 2,730 2,794 3,994 4,557 4,408 4,296 1940 1941 1942 1943 63,583 61,328 a,695 30,441 6,711 6,939 4,835 4,231 3,983 2,047 5,359 4,279 2,627 1,923 7,688 4,430 2,666 7,oa 4,873 3,548 10,676 9,647 6,849 5,546 4,865 5,112 3,678 3,691 8,051 8,384 5,495 3,566 4,026 4,332 2,529 2,549 4,298 4,124 2,658 1,577 3,216 2,774 1,584 1,226 3,858 4,465 2,989 2,102 1944 1945 1946 30,751 40,736 80,563 3,272 5,331 10,816 1,625 1,749 4,496 1,815 1,650 4,343 3,757 5,192 10,025 7,105 9,140 18,402 3,154 3,979 6,707 3,136 3,725 8,246 1,640 3,163 4,776 1,809 2,311 4,ao 1,206 1,437 3,295 2,232 3,059 5,047 103,064 92,901 93,263 104,227 8,191 8,215 7,367 8,645 8,597 7,181 5,990 6,823 4,701 5,861 6,887 5,203 19,474 11,976 15,528 17,597 11,975 17,347 13,606 16,400 6,903 4,794 4,465 5,231 6,325 8,798 9,179 11,584 7,630 5,140 4,700 5,170 7,343 5,938 6,473 7,431 11,283 7,587 8,102 8,261 10,642 10,064 10,966 11,882 113,065 109,215 78,820 77,398 9,082 8,959 •,24. 7,757 9,117 5,728 6,361 4,670 5,325 3,401 2,960 2,656 20,746 20,121 14,623 15,669 19,U5 18,877 14,295 14,534 5,586 4,761 4,011 3,674 11,633 9,738 7,256 7,118 5,293 5,152 3,493 3,610 7,268 7,325 5,119 4,945 8,531 8,098 5,697 4,521 12,729 13,666 9,392 9,640 100,228 137,826 261,522 5,692 7,938 11,782 6,540 7,544 13,754 3,137 3,497 8,258 22,579 27,527 54,975 16,996 23,551 43,226 4,724 7,743 15,149 9,091 14^05 23,019 6,626 6,939 5,959 7,985 14,588 6,162 7,775 14,623 12,722 23,222 48,954 28,036 39,268 Home Purchase Refinancing Rec onditioning Other Purpose 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945.... 1946 , 13,194 11 Table 13.—New mortgage loans by all insured associations, by FHLB District and state and by purpose, 1942-1946 [Thousands of dollars] Horns Purchase Construction D i s t r i c t and stats 1942 Dslamrs D i s t r i c t of Columbia. Tamssssa Inrt-ii,*,, Littls Rock........... ArlrMn^ Oklahoma Arisona 12 1944 Refinancing 1945 1946 1942 1943 1944 1945 1946 1942 1943 1944 1945 1946 •116,474 •120,904 •148,929 •205,695 •92,727 •88,234 •158,715 •531,759 •348,391 •557,797 •787,158 •1,017,494 $1,818,147 •109,058 6,769 2,561 3,197 2,212 H.175 17,185 19,962 32,552 42,129 76,000 4,936 5,766 5,505 7,747 9,681 2,404 12 3,961 207 153 32 1,279 17 1,126 2 135 2 1,941 2 1,247 1,121 24 796 171 35 65 5,673 133 6,935 679 269 486 4,929 293 10,831 467 209 456 7,048 414 10,596 543 437 924 10,111 588 18,030 1,082 1,569 1,172 14,189 692 22,716 1,626 1>604 1,302 25,518 1,392 41,277 3,406 2,094 2,313 1,076 46 3,519 146 101 48 1,294 32 4,087 149 96 108 2,460 40 2,483 225 236 61 2,776 189 4,077 267 337 101 3,607 157 5,134 269 423 91 13,124 3,306 2,655 3,500 32,680 30,008 41,625 77,398 ^ 113,055 226,999 7,970 11,661 14,927 18,121 23,386 4,565 8,559 1,804 1,502 1,439 1,216 580 2,920 6,645 26,035 11,591 18,U7 14,847 26,778 27,546 49,852 36,850 76,205 73,324 153,675 4,227 3,743 6,937 4,724 7,720 7,207 8,927 9,194 10,190 13,196 7,627 2,553 3,094 4,309 14,286 30,746 43,788 68,283 91,762 160,901 7,487 10,327 10,807 10,430 11,390 106 U , 218 2,464 105 64,292 3,886 120 85,718 5,924 266 151,540 9,095 5 6,091 1,391 11 9,454 862 6 9,951 850 4 9,477 949 6 9,925 1,459 $143,880 ton 1943 7 . 17 6,758 852 2,304 249 2,826 268 3,932 377 11,937 2,349 44 29,208 1,494 20,395 12,926 6,563 20,915 97,435 39,160 55,225 78,120 104,620 217,827 12,743 12,176 13,193 18,512 26,507 603 3,653 1,861 2,632 4,800 2,164 1,221 3,461 85 1,624 880 2,021 6,868 226 3U 911 107 142 996 1,831 2,881 261 103 242 617 3,781 7,642 2,648 820 2,200 1,781 1,426 3,436 9,006 29,618 13,204 16,657 11,257 9,380 4,877 1,508 3,538 2,465 3,860 17,184 3,236 2,056 5,313 2,154 4,431 8,738 7,931 15,750 6,616 3,621 5,984 3,530 7,375 13,369 12,160 18,542 8,908 4,953 9,283 4,539 10,179 13,427 19,012 26,557 12,463 6,100 12,343 9,494 14,519 25,475 36,248 64.401 28,774 15,793 23,123 854 2,223 2,157 2,388 696 1,898 1,042 1,485 742 1,616 2,503 2,949 6U 1,624 768 1,333 604 2,868 2,946 2,227 783 1,483 834 1,448 9a 2,295 4,652 3,788 1,601 1,981 i,a7 1,837 1,569 2,392 6,678 6,447 1,925 3,019 1,937 2,540 24,775 13,225 8,537 19,989 60,904 75,710 107,261 138,980 170,487 298,703 20,588 21,185 20,145 22,382 30,764 1,337 21,672 1,766 189 12,302 734 23S 7,210 1,091 611 17,608 1,770 4,462 49,135 7,307 5,862 67,395 2,453 8,909 93,864 4,488 13,099 119,722 6,159 16,817 145,223 8,447 28,5a 250,663 19,499 1,985 16,899 1,704 1,861 18,020 1,304 1,618 17,224 1,303 1,885 18,807 1,690 2,627 25,280 2,857 9,401 6,203 4,949 5,586 25,625 20,371 35,579 45,855 63,242 121,284 7,647 7,751 7,997 10,015 14,711 5,331 4,070 1,415 4,788 1,428 3,521 2,987 2,599 11,388 14,237 14,777 5,594 23,873 11,706 32,733 13,122 42,661 20,581 72,529 48,755 4,421 3,226 4,544 3,207 4,061 3,936 4,985 5,030 8,017 6,694 10,028 3,781 7,808 17,095 49,795 40,247 66,982 104,368 133,768 220,944 12,222 12,303 12,786 14,192 18,975 7,932 2,096 2,684 1,097 6,537 1,271 12,960 4,135 38,914 10,881 29,478 10,769 51,952 15,030 78,701 25,667 103,770 29,998 171,156 49,788 10,062 2,160 9,860 2,443 10,220 2,566 11,480 2,712 16,339 2,636 5,529 1,926 3,084 5,103 25,762 17,032 '32,742 49,379 60,665 106,322 8,696 7,700 7,971 10,623 13,283 773 1,363 3,260 54 79 139 55 1,719 3 10 304 297 2,426 47 10 303 2,267 2,154 347 32 4,007 12,135 8,119 1,151 350 3,664 3,875 8,855 442 196 6-, 869 9,094 15,480 966 333 9,926 13,137 23,948 1,683 685 12,438 14,566 31,330 1,600 731 19,774 30,026 51,216 3,967 1,339 1,348 2,867 4,191 231 59 1,074 3,283 3,166 145 32 734 4,008 3,045 142 42 1,039 5,601 3,7a 214 28 1,374 6,851 4,685 298 75 10,547 7,582 9,844 11,034 41,672 22,844 38,723 49,637 59,422 112,111 6,561 6,958 6,393 8,011 11,983 809 2,569 390 370 6,409 79 5,306 51 62 2,084 121 6,278 138 191 3,116 775 2,410 551 885 6,413 2,926 11,832 2,661 2,229 22,024 1,946 9,716 924 455 9,803 3,025 12,206 1,477 1,140 20,875 4,344 15,734 2,089 1,208 26,262 6,376 16,526 2,665 1,280 32,575 10,125 36,281 4,286 2,964 58,455 549 1,258 474 194 4,086 827 1,360 596 160 4,015 688 1,336 448 237 3,684 749 1,651 949 339 4,323 1,034 2,343 1,944 374 6,288 7,054 4,300 2,420 7,505 26,656 16,294 29,807 38,355 52,591 82,661 4,324 4,172 3,851 5,677 7,874 903 2,814 191 3,146 99 2,216 188 1,797 127 1,451 277 565 3,013 1,761 336 2,395 7,654 9,268 949 8,785 4,161 4,970 1,303 5,860 6,245 8,651 1,914 12,997 6,932 12,388 2,617 16,418 9,243 16,784 3,086 23,478 17,129 29,267 4,595 31,670 944 619 270 2,491 657 703 345 •2,467 746 620 224 2,261 859 1,183 2a 3,394 1,329 1,719 362 4,464 28,631 34,364 36,083 61,467 142,769 38,794 86,103 104,231 125,753 194,395 15,884 16,475 17,329 23,219 37,U1 602 20,855 96 343 11 1,102 1,813 3,467 310 30 2 854 24,908 36 280 224 30,185 104 210 6 785 1,549 2,549 195 20 256 2,514 50,774 817 243 90 1,152 1,342 4,036 86 104 309 8,406 97,737 3,993 1,116 378 5,337 6,403 18,099 567 51 682 647 25,542 420 525 26 1,629 1,646 7,045 276 28 1,010 780 63,351 1,985 1,237 55 4,054 2,142 10,554 576 83 1,286 1,072 91,188 2,785 2,194 397 5,410 4,197 16,082 1,203 170 1.055 2,142 121,598 6,087 3,895 1,094 9,628 6,030 39,177 2,888 230 1,626 453 9,187 231 342 51 595 593 4,001 157 3 271 265 9,690 386 209 75 814 607 3,915 154 21 339 "482 2,556 5,011 184 53 693 76,699 2,659 1,842 228 4,748 3,026 12,724 700 35 877 L 480 354 909 15,427 11,190 22,848 477 297 751 223 245 479 26 9 1,209 1,904 1,295 1 582 688 2,821 1 4,035 7,791 300 157 247 10 38 35 317 [ 368 L 550 Table 73.—New mortgage loans by all insured associations, by FHLB District and state and by purpose, 1942-1946—Continued [Thousands of dollars] •24,627 1943 $19,749 1944 Total loans Other purposes Reconditioning 1942 1945 1946 1942 1943 1944 1945 1946 1942 1943 1944 1945 1946 $1,448,817 $2,798,878 $19,556 $25,744 $53,350 $44,675 $48,369 $69,470 $97,935 $189,927 $670,631 $835,116 $1,085,322 1,569 1,197 1,090 1,621 3,801 1,751 1,308 1,177 3,883 5,985 32,210 30,794 43,521 57,592 109,642 326 15 1,046 137 2 43 196 35 867 72 208 34 686 120 1 41 363 40 1,004 147 4 63 750 150 2,289 420 44 148 61 9 1,509 86 113 35 1,030 77 194 48 734 97 298 65 3,014 338 86 53 104 168 820 153 4,483 201 17 311 8,796 375 20,866 1,043 465 665 9,930 533 17,706 843 668 1,214 14,914 712 23,180 1,524 1,813 1,378 18,747 1,010 31,607 2,549 1,980 1,699 36,368 1,985 60,218 4,975 2,847 3,349 27 1,854 1,223 939 887 2,677 3,276 3,040 5,032 5,750 10,915 56,232 60,855 100,951 241,313 296,657 1,052 802 831 392 462 477 281 606 748 1,929 2,274 1,002 1,948 1,092 3,229 1,803 2,347 3,403 3,055 7,860 23,709 32,523 26,367 34,488 40,396 60,555 48,985 92,328 93,962 202,695 1,144 1,012 988 1,009 2,504 1,152 1,440 2,165 2,793 6,759 48,156 59,120 85,337 210,303 195,840 827 317 835 177 1 750 237 6 811 192 1,994 510 895 257 1,251 189 1,863 302 2,500 293 5,594 1,165 66 43,779 4,311 117 55,062 3,941 122 79,682 5,543 230 102,438 7,735 272 180,990 14,578 2,986 2,612 2,816 3,759 7,443 4,987 7,861 13,150 16,351 29,745 80,271 90,800 113,842 164,157 378,957 168 190 457 778 106 557 382 348 101 441 408 444 133 460 316 309 165 212 475 464 137 558 326 479 314 38 747 621 205 651 517 666 505 145 1,098 1,599 466 1,619 824 1,187 257 338 1,147 676 392 1,359 349 469 273 548 1,881 548 2,755 1,046 340 470 336 666 4,415 826 4,408 1,437 544 498 629 1,248 6,919 1,355 2,476 2,210 732 782 1,126 2,609 11,231 3,740 2,932 4,589 1,997 1,521 3,390 9,942 8,067 10,334 23,178 9,214 5,050 11,076 3,355 8,660 14,410 13,893 26,147 9,972 5,356 9,007 4,742 11,283 22,201 17,508 26,751 12,647 6,760 11,950 7,040 17,5a 33,387 27,424 31,659 19,505 10,547 17,054 26,130 28,671 74,100 61,238 86,381 49,258 29,931 33,248 4,380 3,575 4,574 5,837 12,196 8,504 8,348 10,756 13,912 30,717 133,957 153,594 182,992 232,607 433,284 468 3,630 282 370 2,928 277 480 3,904 190 660 4,889 288 1,375 10,123 698 738 7,301 465 698 7,322 328 752 9,421 593 947 12,117 848 2,331 26,252 2,134 10,390 116,897 6,670 12,027 134,436 7,131 16,185 157,471 9,336 20,920 198,644 23,043 39,336 361,453 32,495 2,041 1,524 1,731 2,501 5,012 3,004 2,825 3,850 6,073 11,929 42,464 53,882 64,382 87,417 178,561 1,620 421 1,182 342 1,463 268 2,003 498 4,107 905 1,782 1,222 1,625 1,200 2,060 1,790 3,243 2,830 6,489 5,440 27,931 14,533 32,639 21,243 " 41,745 22,637 55,879 31,538 102,530 76,031 3,552 '2,744 2,101 2,572 5,727 3,963 4,846 6,732 11,120 19,233 70,022 90,656 133,795 178,747 314,674 2,967 585 2,248 496 1,734 367 2,113 459 4,647 1,060 3,093 870 3,791 1,055 5,308 1,424 9,398 1,722 16,017 3,216 53,532 16,480 70,535 20,121 102,500 31,295 139,721 39,026 247,073 67,601 1,389 2,013 1,100 2,012 3,299 1,717 2,228 4,942 5,077 9,357 34,363 46,609 66,476 83,480 158,023 399 638 282 59 U 284 1,353 342 10 24 237 484 326 24 29 245 1,332 354 65 16 698 1,209 1,047 250 95 335 599 535 235 13 368 1,281 456 104 19 367 3,743 698 116 18 516 2,877 1,368 209 107 1,187 4,175 3,495 437 63 6,519 9,342 17,123 1,021 358 8,734 15,066 21,163 1,228 418 11,568 21,669 30,443 2,012 784 U,541 26,643 38,947 2,435 924 27,040 54,396 68,562 6,103 1,922 2,435 1,485 1,685 2,081 4,151 4,921 4,792 5,807 7,733 14,059 47,308 59,540 73,366 88,281 183,976 238 998 94 77 1,028 I46 491 84 48 716 146 443 114 93 889 225 479 125 155 1,097 472 1,616 258 197 1,608 463 2,817 166 131 1,344 438 2,461 230 131 1,532 600 3,168 258 209 1,572 889 3,790 347 385 2,322 1,870 7,275 444 667 3,803 4,005 17,358 2,048 1,227 22,670 4,515 21,824 2,438 1,541 29,222 5,899 26,959 3,047 1,938 35,523 9,024 24,856 4,637 3,044 46,730 26,427 59,347 9,593 6,431 92,178 857 733 744 943 2,203 3,473 3,036 4,302 6,188 12,038 32,002 42,048 49,672 72,904 131,432 137 229 45 446 127 168 100 338 145 169 16 414 226 265 32 420 337 731 127 1,008 624 756 140 1,953 482 681 148 1,725 794 978 255 2,275 1,161 1,393 348 3,286 2,175 2,812 629 6,422 6,769 9,388 1,949 23,896 7,610 12,419 2,695 19,324 8,744 15,606 3,389 21,933 24*502 21,386 4,043 32,973 28,624 43,797 6,662 52,349 2,420 1,631 1,788 2,522 4,337 7,927 8,645 11,557 19,055 39,190 93,656 147,218 170,988 232,026 417,832 7 1,384 244 62 3 867 81 37 1 40 157 394 19 4 28 13 1,021 61 72 8 77 102 384 25 2 23 101 1,199 110 80 3 179 127 610 49 7 57 64 2,169 209 153 110 5,408 109 256 35 255 340 1,290 37 5 82 118 6,154 92 314 43 245 355 1,157 55 12 100 60 7,796 233 206 29 350 422 2,156 37 33 235 255 13,358 355 307 28 872 586 2,998 50 34 212 803 27,676 833 567 158 1,469 1,382 5,646 191 19 446 1,819 62,376 1,100 1,528 123 3,670 4,460 16,291 826 68 1,395 2,020 104,970 2,580 2,077 174 5,635 5,817 21,031 988 120 1,806 1,344 126,891 3,354 2,553 297 7,169 5,681 20,634 1,257 100 1,708 « 4,422 171,946 4,544 3,069 527 8,908 6,940 27,761 1,545 353 2,001 22,324 272,028 11,873 6,210 1,630 18,506 15,540 71,953 3,968 371 3,429 89 68 488 46 2 30 168 98 1,240 75 36 125 13 Table 14. -Mortgage debt and new loans made on 1 - to 4-family nonfarm homes/ by type of lender, 1925-1946 [Millions of dollars] Mortgage loans outstanding as of December 31 Tear Total home mortgage debt Savings & loan associations $13,216 15,272 17,492 New mortgage loans made during year IndiTotal viduals home and mortgage others 1 lending Mutual savings banks •4,204 4,810 5,488 Insurance companies $ 837 1,062 1,254 $2,375 2,650 2,900 $ 800 1,250 1,850 $5,000 5,500 6,000 19,605 21,058 21,259 6,060 6,507 6,402 1,445 1,626 1,732 3,125 3,225 3,300 2,375 2,500 2,425 6,600 7,200 7,400 20,685 19,242 17,878 5,890 5,148 4,437 1,775 1,724 1,599 3,375 3,375 3,200 2,145 1,995 1,810 17,857 17,510 17,225 3,710 3,293 3,237 1,379 1,281 1,245 3,000 2,850 2,750 17,344 . 17,646 18,216 3,420 3,555 3,758 1,246 1,320 1,490 19,103 20,095 19,908 4,084 4,552 4,556 19,542 19,528 4,584 4,799 5,376 p7,200 3® Commer- cial banks HOLC | $4,763 5,321 5,733 Savings & loan associations $1,620 1,824 1,895 Insurance companies $400 465 500 5,778 5,088 3,536 1,932 1,791 1,262 525 525 400 915 612 484 1,156 1,040 670 2,175 1,092 865 892 543 414 169 54 10 350 150 99 364 170 110 Mutual savings banks 7,500 7,000 6,700 1,189 1,189 1,230 2,379 2,897 2,763 6,200 6,000 6,000 3,070 2,011 2,158 451 564 755 16 77 140 80 80 100 2,700 2,670 2,680 1,400 1,600 1,810 2,398 2,169 2,038 6,180 6,332 6,440 2,499 2,455 2,873 897 798 984 232 242 274 1,758 1,976 2,255 2,700 2,730 2,700 2,095 2,470 2,480 1,956 1,777 1,567 6,510 6,590 6,350 3,290 3,810 3,155 1,200 1,379 1,051 2,410 2,458 2,258 p2,645 2,660 2,570 2,530 2,680 2,450 2,410 2,575 3,900 1,338 1,091 852 636 6,100 6,200 6,400 7,500 3,183 3,830 4,701 9,453 1,184 1,454 1,913 3,584 cial banks HOLC $ 760 943 1,144 $863 809 834 132 $ Individuals and others Commer- $1,126\N 1,280 ^ 1,360 1,250 1,120 720 132 400 175 100 HO 264 430 2,263 583 128 150 443 605 120 105 112 500 560 610 27 81 151 723 669 740 324 371 374 133 171 130 689 798 606 143 63 40 801 1,028 954 272 300 120 140 184 480 515 601 840 2,200 54 31 1,038 1,304 P48? $ i P Preliminary, Table 75.—Residential real estate owned by selected institutions, 1938-1945 I Millions of dollars] 1938 Amt. Savings and loan a s s o c i a t i o n s . . . . $ Home Owners" Loan Corporation.... 890 1940 1939 Type of institution Amt. Pet. 33.9 $ Pet. 681 30.3 Amt. $ 492 1942 19U Pet. 27.5 Pet. Amt. 328 25.2 Amt. $ 16.6 212 16.3 1943 Pet. Amt. $203 21,4 142 15.0 1945 1944 Pet. Amt. $117 21.1 81 14*6 Pet. Amt. Pet. $60 23.6 $ 33 23.0 36 14-3 12 8.5 392 U.9 342 15.2 298 290 U.0 235 10.4 187 10.5 127 9.8 85 9.0 49 8.9 24 9.5 11 7.9 568 21.6 530 23-5 474 26.5 358 27.6 295 31.2 213 38.4 124 48-4 86 59.6 489 18.6 462 20.6 338 18.9 275' 21.1 221 23.4 94 17.0 U 4.2 1 1.0 2,629 100.0 2,250 100.0 1,789 100.0 1,299 100.0 946 100.0 554 100.0 255 100.0 U3 100.0 Table 16.—Nonfarm real estate foreclosures, 1926-1946 January February April 1*7 July August September 1934. 1935. 230,350 228,713 19,189 21,282 17,034 18,488 19,143 21,154 18,324 20,674 19,543 21,353 19,356 20,472 18,408 18,691 18,574 18,339 19,242 17,177 20,080 18,108 20,896 16,203 20,561 16,772 1936. 1937. 185,439 151,366 15,095 13,259 14,754 12,516 15,847 14,157 15,954 13,945 15,829 14,249 15,664 14,517 15,803 13,069 14,887 10,972 16,297 11,970 14,910 11,023 14,358 10,784 16,041 10,905 1938. 1939. 118,505 100,961 10,150 8,524 9,779 8,290 lljOSO 9,220 10,810 9,044 11,058 9,853 10,784 9,123 9,197 8,524 9,390 8,U9 9,384 8,227 8,601 7,156 9,242 7,683 9,030 7,168 1940. 1941. 76,011 59,036 6,569 5,500 5,804 5,048 6,447 5,708 6,422 5,519 . 7,110 5,427 6,744 5,052 6,320 4,921 6,229 4,352 6,311 4,510 6,405 4,390 5,927 4,283 5,723 4,326 1942. 1943. 42,331 25,699 4,034 2,616 3,637 2,210 3,882 2,337 3,874 2,424 3,822 2,375 3,859 2,217 3,614 2,067 3,105 1,905 3,349 2,077 3,147 1,765 3,081 1,888 2,927 1,818 1944. 1945. 17,547 14,436 1,462 1,153 1,611 1,340 1,693 1,431 1,325 1,203 1,535 1,275 1,564 1,383 1,340 1,082 1,255 1,142 1,487 1,125 1,317 1,056 1,503 1,193 1,455 1,053 1946. 12,025 1,102 1,101 998 992 916 820 864 926 953 1,285 1,154 Monthly data not available prior t o 1934. Annual figure, are as follow*i 1931—193,800* 1932-348,700; and 1933-252,400. 14 1926—68,100j 1927—91,000j 1928—116,000j 1929—134,900} 1930-150,100} Table 17.—Number of nonfarm mortgage recordings of $20,000 or less, by type of mortgagee, 1939-1946 Savings and l o a n associations Total Period September* . . • • ., Mutual savings banks Individuals Other mortgagees Percent Number Percent Number Percent Number Percent 21.6 21.7 39,442 45,077 3.1 3.1 317,961 339,543 24.7 23.3 266,892 184,033 12.9 12.6 352,407 21.7 55,737 3.4 395,556 24.3 198,443 12.2 24,213 23,720 26,828 30,071 32,162 32,778 32,352 30,736 31,008 32,406 27,231 28,903 22.1 22.1 21.6 21.6 21.4 22.2 21.4 21.2 21.2 21.3 21.5 22.4 3,383 2,976 3,563 v4,506 5,245 5,428 5,460 4,985 5,190 5,623 4,763 4,625 3.1 2.8 2.9 3.2 3.5 3.6 3.6 3.5 3-6 3.7 3.8 3.6 28,494 27,483 30,990 33,794 35,175 34,623 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 23,303 14,666 16,305 17,769 16,970 18,180 17,510 18,295 19,225 16,035 16,668 22.4 12.4 11.8 U.7 21.8 11.5 268,158 19-9 43,734 3-2 356,511 26.4 182,452 23.5 23,324 21,205 24,477 25,212 23,534 22,859 24,299 22,397 23,573 23,237 17,372 16,669 21.6 21.0 21.0 20.5 19.5 19-3 19.9 19.0 19.9 19.2 I8.4 18.7 3,277 2,663 3,120 3,942 4,226 4,325 4,391 4,075 4,027 3,920 3,152 2,716 3.0 2.6 2.7 3.2 3-4 3.7 3.6 3.4 3.4 3.3 3.3 3.1 28,619 26,069 29,460 30,6a 31,325 30,720 31,951 31,217 31,734 32,844 26,849 25,182 26.5 25.8 25.3 25.0 25.9 25.9 26.1 26.4 26.8 27.2 28.4 28.2 14,335 13,746 15,644 16,651 16,389 15,879 16,749 16,364 14,749 16,605 12,807 12,534 13.2 23.6 23.5 13.6 13.5 13.4 13.7 23.9 22.4 13.7 23.5 24.0 220,221 17.3 38,554 3.0 376,049 29.5 159,390 12.5 14,452 13,475 16,345 19,035 18,745 19,224 18,936 20,021 20,909 21,659 18,869 18,461 18.7 17.7 17.4 IB. 2 17-4 16.8 16.6 17.0 16.8 17.4 16.5 17.6 2,083 2,008 2,394 2,822 3,456 3,759 3,801 3,762 3,994 3,657 3,736 3,082 2.7 2.7 2.6 2.7 3.2 3.3 3.3 3.2 3.2 2.9 3.3 2.9 22,822 23,075 27,596 30,421 31,260 33,018 33,913 34,601 35,997 37,148 34,5a 31,657 29.6 30.3 29.4 29.1 29.0 28.8 29.6 29.3 29.0 29.8 30.3 30.2 10,261 9,446 11,807 12,376 13,279 24,661 23,687 13,867 15,625 15,723 14,851 13,817 13.3 12.4 12.6 11.9 12.3 12.8 22.0 11.8 22.6 22.6 13-0 13.2 249,026 17.2 42,028 2.9 447,021 30.9 260,577 21.1 17,518 17,625 19,903 20,438 22,193 22,416 22,583 23|471 21,880 22,245 20,535 18,319 18.5 17.8 17.1 17.6 17.4 17.0 17.5 17.3 16.7 16.6 16.8 16.6 2,351 2,306 2,867 3,202 3,769 3,933 3,906 3,986 4,168 4,257 3,802 3,481 2.5 2.3 2.5 2.8 3.0 3.0 3.0 2.9 3.2 3.2 3.1 3.2 28,923 30,029 36,108 35,747 38,438 39,790 39,076 a,398 40,727 42,172 38,975 35,588 30.6 30.2 31.1 30.8 30.3 30.1 30.3 30.5 31.0 31.6 32.0 32.3 22,209 22,217 23,622 12,449 14,210 15,274 23,819 14,333 13,629 13,659 22,967 22,189 12.9 12.3 21.7 10.7 11.2 11.6 10.7 10.6 10.4 10*2 10.6 21.0 Number Percent Number Percent Number 1,288,032 1,455,865 100.0 100.0 428,955 502,949 33*3 34-6 56,582 67,929 4-4 4.7 278,200 316,334 1,628,407 100.0 544,463 33-4 81,801 5.0 109,689 107,144 124,194 139,525 150,342 147,837 151,110 144,747 146,170 152,156 126,475 129,018 100.0 100.0 200.0 100.0 100.0 100.0 100.0 100*0 100.0 100.0 100.0 100.0 34,459 *4,909 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 5.0 4.4 4.5 4-7 4.8 5.2 5.0 5.0 5.1 5.4 5.1 5.7 1,351,290 100.0 424,709 31.4 75,726 5.6 108,119 101,157 116,309 122,744 120,938 118,371 122,242 117,921 118,624 120,914 94,641 89,310 200.0 200.0 200.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 200.0 100.0 32,433 31*762 36>6ll 39*234 39,020 38,198 38 ? 257 37,748 37,770 37,404 28,924 27,358 30.0 31-4 31.5 32.0 32.3 32.3 31-3 32.0 31.8 30.9 30.5 30.6 6,131 5,712 6,997 7,064 6,544 6,390 6,595 6,220 6,771 6,904 5,547 4,851 5.7 5.6 6.0 5.7 5.4 5.4 5.4 5.3 5.7 5.7 5.9 5.4 1,273,993 100*0 423,355 33.2 56,524 4.5 77,228 76,073 93,750 104,395 107,682 114,616 114,460 117,938 124,337 124,547 124,133 104,834 100*0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 200.0 100.0 23,291 24,288 30,960 35,099 36,261 38,656 39,168 40,749 42,935 41,425 37,483 33,240 30.0 31.9 33«0 33.6 33.6 33.7 34-2 34-5 34-5 33.3 32.8 31.7 4,419 3,781 4,648 4,642 4,781 5,308 4,955 4,938 4,877 4,945 4,653 4,577 5.7 5-0 5-0 4.5 4.5 4.6 4.3 4.2 3-9 4.0 4.1 4.4 1,446,548 100.0 496,996 34.4 50,900 3-5 94,530 99,345 116,268 215,962 127,226 232,007 128,831 135,622 131,115 133,480 122,005 110,257 100.0 200.0 100.0 100.0 100.0 100.0 100.0 200.0 100.0 100.0 100.0 100.0 29,315 33,300 39,426 40,296 44,227 46,068 44,372 47,838 46,237 47,176 41,734 37,007 31.0 33.5 33.9 34.8 34.8 34.9 34*5 35-3 35.3 35.3 34.2 33.6 4,214 3,868 4,342 3,830 4,239 4,526 5,075 4,596 4,474 4,071 3,992 3,673 4-5 3.9 3.7 3.3 3.3 3.4 4.0 3.4 3.4 3.1 3.3 3.3 22.1 12.5 12.6 22.7 22.9 100.0 573,977 35.1 46,601 2.9 297,880 18.2 51,647 3.2 499,325 30.5 265,435 10.1 100.0 100.0 100.0 100.0 200.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 34,007 34,288 44,681 46,638 50,284 50,665 48,519 51,017 48,662 5*7,368 55,660 52,188 32.1 33.5 34.6 34.6 35.1 35.6 35.2 35.7 36.0 35.9 35.7 35.9 3,473 3,116 3,794 3,874 4,036 4,056 3,867 3,849 3,632 4,307 4,363 4,234 3.3 3.0 2.9 2.9 2.8 2.8 2.8 2.7 2.7 2.7 2.8 2.9 17,829 17,721 22,430 24,275 25,565 25,309 24,837 25,603 25,268 30,193 29,961 28,889 16.8 17.3 17.4 18.0 17.8 17.8 18.1 17.9 18.7 18.9 19.2 19>8 2,980 2,508 3,328 3,892 4,631 4,490 4,389 4,535 4,463 5,523 5,395 5,513 2.8 2.4 2.6 2.9 3.2 3.2 3.2 3.2 3.3 3.5 3.5 3.8 35,669 34,033 a,632 42,183 44,513 43,119 42,016 43,452 40,095 46,843 45,219 40,551 33.7 33.2 32.3 31.2 31.0 30.3 30.5 30.4 29.7 29.3 29.0 27.9 21,936 10,837 13,203 24,076 14,438 24,663 24,072 24,343 22,999 15,411 15,280 24,177 21.3 10.6 10.2 10.4 10.1 10.3 10.2 10.1 9.6 9.7 9.8 9.7 2,474,946 100.0 820,520 33.1 82,354 3.3 585,788 23.7 101,180 4.1 623,438 25*2 261,666 10.6 165,921 162,976 195,873 219,957 232,769 215,976 226,483 227,742 212,536 227,414 198,809 188,500 100.0 100.0 100.0 100.0 100. 0 100.0 100.0 100.0 100.0 100.0 100.0 200*0 57,008 56,631 70,284 77,139 80,234 72,707 73,469 72,853 67,518 71,439 62,436 59,002 34.4 34.8 35.8 35.1 34.4 33.7 32.4 32.0 31.8 31.4 31.4 31.3 4,979 4,772 5,632 6,112 7,004 7,063 7,929 7,971 8,048 8,046 7,274 7,524 3.0 2.9 2.9 2.8 3.0 3.3 3.5 3.5 3.8 3.5 3.7 4.0 20.5 21.2 22.0 22.4 23.2 24.4 24.7 25.0 24*8 25*0 24.2 25.1 5,290 5,239 6,758 8,774 9,803 9,280 10,338 9,608 8,986 10,187 8,606 8,311 3.2 3.2 3.5 4*0 4.2 4.3 4*6 > 2 4.2 4.5 4.3 4.4 47,932 45,589 51,963 56,935 57,951 52,215 54,391 54,826 52,118 55,589 49,416 44,513 28.9 28.0 26.5 25.9 24*9 24.2 24*0 24.1 24.5 24.5 24.9 23.6 16,646 16,160 28,148 21,575 23,931 21,922 24,437 25,559 23,247 25,305 22,886 21,860 10.0 9.9 9.3 9.8 10*3 10.1 10.8 11.2 10*9 11.1 11.5 11.6 1,634,865 11III Septenber..... Banks and t r u s t companies Percent B1B1SI! 1945 Insurance companies Number 15 \ INDEX OF RESIDENTIAL CONSTRUCTION AND RELATED FACTORS Index 500 400 300 200 1920 ndex 1922 1924 (926 1926 1930 1932 1934 1936 BUILDING COSTS-•STANDARD HOUSE 180 1938 1940 1942 1944 1946 RESIDENTIAL CONSTRUCTION Number Of Private Nonfarm Dwelling Units 192 5-19 39»l DO 160 120 100 80 \£z TOTA L-^d^^ \ MATER IAL * I. . V ^ ^ Sci r ,7, -f £2jtPe*" ,,,,,, i i I 1936 1937 1938 1939 1940 1941 Billions --—"' // LABOR*^ 140 111 i i i 1942 1943 1944 1945 1946 1940 HOME MORTGAGE DEBT 1945 MORTGAGES RECORDED i t • 1939 : J s 1940 ;—:—: :—.—• s—;—; ;—:—; ;—;—; ;—:—• 1941 1942 1943 1944 1945 1946 GROWTH OF THE FEDERAL HOME LOAN BANK SYSTEM Bllll0ns $l2r 1922 1924 1926 1928 1930 1932 FLOW OF SAVINGS Millions All Operating SSL NEW 200 1938 FHLB 1940 1942 ADVANCES 1944 1946 OUTSTANDING $300 r Associations fM KUH INVESTMENTS-^, 3wv3^3 100 1936 M.iuons $400 300 1934 NET 200 INFLOW 0- WV4^f^ -100 -200 -300- WITHDRAWALS 11 I l I 1 l 1 I l I 1 I 1 1 I 1 I 1 I I I 1942 Biinons 100 W\ I I I I I 1 1 I i 1 I 1 I I 1 I I I I 1 1 I I 1 I I 1 I I 1 I 1 I I 1943 1944 1945 NEW MORTGAGE 1946 LENDING 1933 1935 1937 1939 LIQUID 11 lion5 1941 1943 1945 ASSETS 2.4 $ 4 r All Insure d S8;L As sociat ions 2.0 1.6 TOTAL L QUID A SSETS 1 2 < . 0.8 • U S G OVT BC)NDS'~A 0.4 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 o. • B B S S 1936 1937 1938 sSsssss^: 1939 1940 B m i l l nny 1941 1942 1943 1944 1945 1946 A Table 78. -Dollar volume of nonfarm mortgase recordings of $20,000 or less, by type of mortgagee, 1939-1946 [Dollar amounts are shown in thousands] Total Period Amount 1939 •3,506,563 4,031,368 1941 4,731,960 307,640 296,863 348,880 398,305 435,961 430,216 443,039 428,099 424,929 447,990 377,683 392,355 1942 1944 1945 Amount Percent 25.4 25.0 $142,849 169,907 8.5 1,165,501 24.6 9.0 8.0 8.0 8.1 8.2 8.7 8.4 8.4 8.5 8.9 8.6 9.5 78,982 74,530 86,187 98,079 107,158 107,831 108,560 105,155 100,715 106,122 92,324 s 99,858 25.7 25.1 24.7 24.6 24.6 25.1 24.5 24.6 23.7 23,7 24.4 25.5 Amount Percent 100.0 100.0 •1,058,206 1,283,628 30.2 31.8 $287,204 333,724 8.2 8.3 100.0 1,489,909 31.5 403,684 89,996 91,182 113,574 129,348 143,770 139,647 142,695 139,156 135,754 138,670 113,353 112,764 29.3 3U.7 32.6 32.5 33.0 32.4 32.2 32.5 31.9 31.0 30.0 28.7 27,691 23,716 27,842 32,313 35,635 37,372 37,262 35,995 36,250 39,896 32,527 37,185 , Amount Mutual savings banks 890,590 1,005,893 Percent 100 JO 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 Banks and t r u s t companies Insurance companies Percent $ Other mortgagees Individuals Percent Amount Percent 4.0 4.2 $588,430 640,350 16.8 15.9 $539,284 597,866 15 . 4 14.8 218,428 4.6 783,177 16.6 671,261 14.2 12,926 11,658 14,007 16,885 19,698 20,499 21,075 19,211 20,799 22,775 19,645 19,250 4.2 3.9 4.0 4.2 4,5 4.8 4*8 4.5 4-9 5.2 4.9 53,891 52,442 59,646 65,708 69,836 67,380 71,456 69,002 70,377 74,891 64,024 64,524 17.5 17.7 17.1 16.5 16.0 15.6 16a 16.1 16.6 16.7 17.0 16.4 44,154 43,335 47,624 55,972 59,864 57,487 61,991 59,580 61,034 65,636 55,810 58,774 14.3 14.6 13.6 14.1 13.7 13*4 14.0 13.9 14.4 14.6 14.8 15.0 Amount Amount Percent 3,942,613 100.0 1,170,546 29.7 361,743 9.2 885,803 22.4 165,581 4.2 732,697 18.6 626,243 15.9 321,396 296,041 335,636 359,968 350,187 342,250 353,511 336,850 345,964 357,083 278,321 265,406 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 90,572 86,752 100,296 108,582 107,937 105,278 104,712 102,628 104,155 103,170 80,970 75,494 28.2 29.3 29.9 30.2 30.8 30 „8 29.6 30.5 30.1 28.9 29.1 28,4 31,062 28,546 32,650 34,466 31,780 29,764 31,898 28,299 31,448 32,577 25,950 23,303 9.7 9.7 9.7 9.6 9.1 8.7 9.0 8.4 9.1 24.1 23.7 23.3 22.8 22.2 21.8 22.9 21.5 22.4 22.2 21.0 21.5 13,520 10,402 12,160 15,305 15*399 16,031 15,665 14,783 i?;,8oi 14,804 11,585 10,626 4.2 3.5 3.6 4.2 4.5 4.7 4.4 4.4 4.3 4.2 4.2 4.0 59,033 53,383 60,322 62,707 63,807 62,730 64,808 62,824 65,423 67,623 55,830 54,207 18.4 18.0 18.0 17.4 18.2 18.3 9.3 8.8 77,634 70,224 78,088 82,087 77,568 74,600 80,740 72,490 77,541 79,237 58,530 57,064 49,575 46,734 52,120 56,821 53,196 53,847 55,688 55,826 52,596 59,672 45,456 44,712 15.4 15.8 15.5 15.8 15.2 15.7 15.8 16.6 15.2 16.7 16.3 16.9 3,861,401 100.0 1,237,505 32.1 279,886 7.2 752,543 19.5 152,054 3.9 857,681 22.2 228,283 219,882 269,419 308,957 327,092 349,046 351,516 355,432 380,809 386,303 353,673 330,989 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 64,935 66,938 85,642 101,135 107,221 113,431 116,406 119,385 126,586 122,832 111,818 101,176 28.4 30.4 31.8 32 „7 32.3 32.5 33.1 33.6 33.2 31.8 31.6 30.6 19,900 18,064 22,198 24,558 24,435 26,613 25,586 24,072 23,996 25,141 23,115 22,188 8.7 8.2 8.2 8.0 7.5 7.6 7.3 6.8 6.3 6.5 6.5 6.7 48,676 44,286 53,217 63,419 65,693 65,673 64,792 68,075 72,166 74,920 64,901 66,720 2 i .3 20.1 19.8 20.5 20 a 18.8 18.4 19a 19.0 19.4 18.3 20.1 8,009 7,882 9,505 11,088 12,930 14,701 15,303 15,029 15,306 14,978 15,117 12,206 3.5 3.6 3.5 3.6 3,9 4.2 4.3 4.2 4.0 3.9 4.3 3.7 50,583 49,854 59,662 65,807 70.0SZ. 75,183 78,594 78,455 83,320 87,430 82,307 76,432 22.2 22.7 22 a 21.3 21.4 21.6 22.4 22.1 21.9 22.6 23.3 23.1 4,610,629 100.0 1,563,678 33.9 256,173 5.6 877,762 19.0 165,054 3.6 1,134,054 24.6 613,908 13.3 301,949 309,644 368,240 369,268 405,095 421,631 411,136 430,776 416,185 422,839 393,639 360,227 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 89,887 101,705 121,210 127,429 139,748 145,893 138,762 149,835 146,151 148,131 134,359 120,568 29.8 32.8 32.9 34*5 34.5 34.6 33,7 34.8 35.1 35.0 34.1 33.5 20,585 18,753 22,660 19,671 21,794 22,215 24,707 22,646 22,432 20,985 20,543 19,182 6.8 6.1 6.1 5.3 5.4 5.3 6.0 5.2 5.4 5.0 5.2 5.3 62,180 60,346 70,570 72,438 79,083 79,453 80,858 83,094 77,000 76,181 71,752 64,807 20.6 19.5 19.2 19.6 19.5 18.8 19.7 19.3 18.5 18.0 18.2 18.0 9,731 9,294 11,255 12,338 14,882 15,536 15,261 15,920 15,447 16,552 15,176 13,662 3.2 3.0 3.1 3.4 3.7 3.7 3.7 3.7 3.7 3.9 3.9 3.8 72,600 72,246 89,136 89,466 95,730 99,140 98,194 104,215 104,479 109,767 103,513 95,568 24.0 23.3 24.2 24.2 23.6 23.5 23.9 24.2 25a 26.0 26.3 26.5 46,966 47,300 53,409 47,926 53,858 59,394 53,354 55,066 50,676 51,223 48,296 46,440 15.6 15.3 K.5 13.0 13.3 5,623,190 100.0 2,009,707 35.7 244,432 4.4 1,091,021 19.4 216,982 3.9 1,402,103 24.9 658,945 11.7 354,578 338,697 433,337 455,790 487,435 487,041 469,269 489,389 464,157 555,893 560,180 527,424 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 111,480 111,176 151,361 157,181 172,421 176,051 169,784 181,156 172,551 207,006 205,100 194,440 31.4 32.8 34.9 34.5 35.4 36.1 36.2 37.0 37.2 37.2 36.6 36.9 17,882 16,034 20,669 19,718 21,459 21,801 20,173 20,359 18,935 22,229 23,061 22,112 5.0 4.7 4.8 4.3 4.4 . 4.5 4.3 4.2 4.1 4.0 4.1 4.2 65,109 63,933 80,000 88,749 91,023 91,336 90,199 93,358 91,661 110,429 114,636 110,588 18.4 18.9 18.5 19.5 18.7 18.8 19.2 19.1 19.7 19.9 20.5 21.0 12,500 10,343 13,599 15,680 18,981 18,572 16,062 18.488 18,472 23,711 23,310 25,264 3.5 99,200 93,248 114,971 118,713 125,849 121,800 116,964 120,015 111,384 131,590 130,986 117,383 28.0 27.5 26.5 26 a 25.8 25.0 24.9 24.5 24.0 23.7 23.4 22.2 48,407 43,963 52,737 55,749 57,702 57,481 54,087 56,013 51,154 60,928 63,087 57,637 10,409,831 100.0 3,421,027 32.9 474,852 4.5 2,685,061 25.8 547,977 5.3 2,023,015 19.4 1,257,899 634,U7 618,763 765,973 887,266 964,438 917,414 981,187 999,221 928,878 1,006,681 869,489 836,404 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100 JO 220,420 217,621 277,408 315,471 333,192 308,226 314,779 310,723 290,547 312,055 266,108 254,477 34.8 35.2 36.2 35.6 34.6 33.6 32.1 31 a 31.3 31.0 30.6 30.4 26,936 26,099 31,083 33,974 38,862 39,890 48,101 46,527 47,424 48,429 42,979 44,548 4.2 4.2 4a 3.8 4.0 4.3 4.9 4.7 5JL 4.8 4.9 5.3 139,126 140,890 180,656 213,878 241,330 245,624 263,669 273,093 248,406 275,769 230,588 232,032 21.9 22.8 23.6 24a 25.0 26.8 26.9 27.3 26.7 27.4 26.5 27.7 24,401 24,973 33,914 44,855 51,851 50,123 58,020 53,616 51,978 57,971 49,334 46,941 3.9 4.0 4.4 April.. 1943 Savings and loan associations Noveaber 18 9a 3a 3.1 3.4 3.9 3.8 3.9 3.8 4.0 4.3 4.1 4.8 5a 5.4 5.5 5.9 5.4 5.6 5.8 5.7 5.6 ! 1 151,601 140,477 162,986 180,318 187,311 168,889~ 178,128 184,005 173,310 184,511 163,866 147,613 is .3 18.6 18.9 18.9 2oa 20.4 23.9 22.7 21.3 20.3 19.4 18.4 isa 18.4 18.7 18.3 18.9 17.7 581,752 15.1 36,180 * 32,858 39,195 42,950 46,754 53,445 50,835 50 A l b 59,435 61,002 56,415 52,267 71,633 68,703 79,926 98,770 111,892 104,662 118,490 131,257 117,213 . 127,946 116,614 110,793 15.9 15.0 14.6 13.9 14.3 15.3 14.5 14.2 15 e6 15.8 16.0 15.* Ha 13.0 12.8 12.2 12a 12.3 12.9 ' 13.7 13 .0 12.2 12.2 11.8 11.8 11.5 11.4 11.0 10.9 11.3 10.9 12a 11.3 11 a 10.4 ua 11.6 11.4 12a 13.1 12.6 12.7 13*4 13.3 Table 19.—Nonfarm mortgage recordings of $20,000 or less, by FHLB District and state and by type of mortgagee, 1 9 4 1 , 1944-1946 [Dollar amounts are shown in thousands] Savings and loan a s s o c i a t i o n s Federal Home Loan Bank District and s t a t e Dollar volume Insurance companies Percent of t o t a l 19a Dollar volume 1944 1945 1946 Percent of t o t a l 1941 $1*563,678 $2,009,707 $3,421,027 152,248 128,467 155,499 284,253 36.4 35.7 36.1 34-2 U,B41 5,368 9,954 17,169 5,334 112,539 4,185 10,449 2,572 16,639 7,061 88,513 3,624 10,495 2,135 19,102 7,763 107,974 4,319 13,088 2,753 38,799 9,874 205,479 6,901 19,769 3,431 15-7 27.2 47.6 25-4 39.2 25.4 19.6 28.5 45-1 23-2 37.0 23.2 19-8 29.1 44.5 25.4 37.6 25.4 19.6 26.7 41-3 24.6 35.8 23.2 10,412 865 2,495 97 597 75 3,530 275 1,748 21 85 4 3,583 217 1,475 93 6,829 285 2,670 27 143 a , 969 69,104 37,601 77,123 49,617 113,715 69,502 223,058 20.3 22.1 24.6 22.9 26.7 25.8 24.3 24.7 14,593 15,315 7,770 13,258 8,260 12,083 12,538 21,124 22,206 j 21,924 1,019 88,098 10,022 2,306 99,409 10, OH 2,637 140,309 12,072 3,985 228,992 19,966 11.2 i 22.7 29.4 j 36-1 22.3 j 27.3 22.0 40.3 27.6 22.8 35-4 27.8 1,901 18,611 4,183 1,458 17,590 3,158 1,651 17,015 3,253 1,987 23,647 5,055 20.9 6.2 9.3 • 204,072 173,628 207,874 322,696 37.1 ! 37.5 36.5 36.1 59,218 34,166 Alabama D i s t r i c t of Columbia Florida Georgia Maryland North Carolina South Carolina Virginia , 5,623 34,414 25,234 19,712 41,382 40,081 10,028 27,098 5,503 30,635 18,613 19,605 45,887 24,410 4,477 24,498 7,993 35,452 27,496 22,059 52,510 27,975 5,076 29,313 14,874 50,392 61,013 36,175 85,416 28,667 6,844 39,315 18.0 52.0 18.5 36.6 56.1 46.6 21.3 38.3 24.6 45.4 20.3 34.7 58.2 44.1 19.7 36.0 23.6 46.2 25.3 36.9 56.0 38.8 20.1 31-9 6,515 7,702 17,273 7,887 2,891 7,633 3,114 6,203 5,974 3,044 I 10,208 i 3,297 I 1,740 5,819 I 2,444 i 1,640 I =4= 3,020 4,221 7,982 3,123 1,794 6,923 2,692 3,755 8,214 6,442 25,971 2,920 3,785 8,934 3,161 7,935 17-4 10.1 18.7 12.1 3-7 9.0 10.0 7-2 UNITED STATES.. Boston Connecticut Maine. Massachusetts New Hampshire Rhode Island Vermont New Iork». 1945 1946 3-5 0.3 0.5 0.1 0.3 1.1 0.9 0.1 0.3 0.0 • New Jersey New York Pittsburgh 28.1 ! 34.8 Delaware Pennsylvania West Virginia Winston-Salem 9.5 4.4 1.2 0.6 2.2 1944 15.1 45.4 27.4 30.2 53.7 47.5 32.1 31.4 5-1 3.9 4.4 2.7 4-5 2.3 14.4 6.4 8.7 13.8 4-9 7.4 11.4 3-6 7-0 5.9 7.5 19.5 5.2 10.1 6.2 2.1 11.1 11.6 2.6 I 9-3 I 5-4 ! 5.9 ; 4.9 1 2.0 j 10.9 I 10.5 ! 4.6 13.0 5-9 10.8 3-0 2.5 12.1 9.3 6.4 10.7 -4- Cincinnati 32,5a 232,060 7,923 29,206 261,135 7,804 35,489 336,034 10,601 53,302 566,394 19,483 50.8 53-4 11.2 60.9 56-9 13.2 58.7 61.1 14-2 56.5 57-0 13.4 7,150 30,359 9,702 3,968 i 12,200 I 8,116 4,320 1 10,338 I 7,769 I 53,801 33,724 57,542 30,244 73,979 42,682 134,370 95,572 41.1 17.6 47.9 19-4 49.5 25.3 45-4 24.7 17,755 25,494 9,080 22,145 9,691 ! 15,757 22,551 I 6.5 114,222 33,569 134,161 43,567 179,636 51,638 309,715 89,368 35.1 32-9 46.0 39.1 46.5 39-0 21,370 6,289 10,850 5,202 9,404 4,112 15,598 6,953 6.6 6.2 94,820 99,273 123,710 208,399 30.1 j 33.7 I 34-3 32.3 36,811 23,996 21,454 42,141 21,373 36,402 31,577 3,749 1,719 24,347 36,595 33,042 3,356 1,933 32,448 47,184 37,396 4,270 2,412 51,523 82,547 62,901 7,898 3,530 22.2 48-4 21.5 43.8 45.1 23.0 47.1 29-7 : 44.5 ! 42.4 J 23-4 49.5 j 32.7 38.5 38.7 22.9 53-7 37-4 6,165 14,348 13,708 915 1,675 2,127 7,445 13,523 687 214 2,256 4,657 13,957 332 202 12,817 23,340 610 506 113,033 186,203 36-4 31.9 45,853 31,143 71,603 16.6 12.1 10.9 6,275 30,155 3,767 1,980 45,549 5,600 31,975 3,728 1,948 55,202 33.5 46.9 21.2 21.6 27.5 38.8 55-5 26-7 28.2 33-5 39.4 46.4 29.9 30.3 33-8 36.1 49.7 29.0 32.0 26.1 2,519 8,379 2,860 236 31,859 567 3,752 1,642 51 25,131 1,382 4,336 1,480 5,056 7,897 4,047 271 54,332 13.4 13.1 16.1 2.6 19.2 3.9 6.5 11.7 0.7 15-3 6.4 7.1 8.2 0.7 13.2 Topeka.... 66,506 79,711 106,948 174,162 38.9 42.4 40.2 14,613 9,716 10,395 19,991 Colorado Kansas Nebraska Oklahoma 10,579 17,759 15,443 22,725 11,370 23,048 13,917 31,376 17,476 31,875 15,099 42,498 28,962 61,555 19,274 64,371 25-5 44-7 47.0 40.1 22.7 59.1 47.6 45.1 47-4 50,1 24.8 49.1 45-2 43-3 1,839 2,477 6,426 3,871 1,314 1,603 3,703 3,096 1,351 1,659 3,988 3,397 2,586 4,9a 5,515 6,949 4.4 6.2 19-5 6.8 2.6 4.1 12.7 4.4 254,234 426,607 20.2 22.1 18.7 59,126 36,694 36,090 84,265 7-3 3,260 110,038 2,949 3,872 724 12,771 6,569 23,882 2,420 1,533 144,436 3,793 3,467 811 11,733 5,167 21,543 1,551 4,953 185,929 4,934 4,267 1,207 16,987 5,726 28,010 2,221 14,447 274,073 11,974 7,549 2,842 29,293 11,551 70,146 4,732 9.6 18.7 35.2 40.1 18.7 28.4 25-3 26-0 26.5 17.0 20.4 35-1 36.4 17.1 35.1 26.8 28.6 24.6 22.0 15.6 43.1 460 44,812 644 1,041 102 5,042 1,402 5,584 39 221 31,296 362 166 61 2,341 1,283 937 27 568 29,001 567 346 137 2,448 1,615 1,386 22 1,814 66,036 1,002 710 425 5,552 2,860 5,591 275 2.6 7.2 5.4 9-3 2.6 12.3 Kentucky.•• Ohio Tennessee Indianapolis Chicago 399,083 j 34.6 i 4 1 . 1 . Des Moines Iowa Minnesota Missouri North Dakota South Dakota L i t t l e Rock Arkansas Louisiana Mississippi New Mexico Teocas r < San Francisco Arizona California Idaho Montana Nevada Oregon Utah Washington Wyoming 8,494 28,279 5,381 2,338. 68,541 14,263 60,137 9,784 3,629. 98,390 18.8 17-8 24.8 34-6 18.7 31.1 29.6 29.7 33.8 41.9 38.8 53.4 13.7 29.0 28-4 29-8 30.8 7-1 3 9 7.4 2.3 9.1 13-4 11-3 8.0 j 7-1 20,264 13.6 28,357 1 13.3 7.5 14-2 6.5 9«4 6.9 7.4 3-7 2.6 2.5 48,621 Indiana Michigan Illinois Wisconsin 7,668 j 11.2 i 8.3 23,064 ! 7-1 ! 2.7 13,2£1 13.8 13.8 "~273~ 3-0 3-1 11.7 6.0 6.5 10.0 15-0 9-7 3.1 4-2 8.7 4.4 2.8 3.6 6.0 8.5 4.2 5.3 4.6 5-2 6.3 7.0 0.5 12.8 6.5 12.0 2.4 14-4 3.0 12.5 4.0 2.2 3-9 13.0 4.7 2.8 3-7 3-6 3-1 2.8 5.5 7.0 2-4 1.8 * Less than 0,5% 19 Table 19.—Nonfarm mortgage recordings of $20,000 or less, by FHLB District and state and by type of mortgagee, 1 9 4 1 , 1944-1946—Continued [Dollar amounts are shown in thousands] Mutual savings banks Banks and t r u s t companies Federal Horn Loan Bank D i s t r i c t Boeton Delaware Iowa To ka K* *Less than 0.5? 20 Percent of t o t a l Dollar rolume Percent of t o t a l Dollar volume 1941 1944 1945 1946 1941 1944 1945 1946 1941 1944 1945 1946 1941 1944 1945 1946 $1,165,501 $877,762 $1,091,021 $2,685,061 24.6 19.0 19.4 25.8 $218,428 $165,054 $216,982 $547,977 4.6 3.6 3.9 5.3 47,492 41,589 52,405 118,150 11.4 11.6 12.2 14.2 108,551 82,761 110,337 253,332 25.9 23.0 25.6 30.5 21,043 4,U6 15,277 1,690 4,328 1,038 19,404 2,551 12,466 1,570 4,672 926 21,942 3,289 18,108 2,041 6,022 1,003 47,611 5,670 47,188 3,304 12,576 1,801 19.3 21.0 6.5 10.2 16.2 10.2 22.8 10.3 6.3 10.1 16.5 10.1 22.8 12.3 7.5 10.7 17.3 9.3 24.0 1 15.4 ! 11.8 22.3 12.1 27,364 4,907 58,486 7,923 5,001 4,370 13,648 8,610 46,405 6,479 3,813 3,806 18,246 8,662 66,148 7,902 5,149 4,230 49,127 13,401 163,162 11,604 9,935 6,103 25.0 25.0 24.7 48a 18.7 48.0 16.0 34.7 23.6 41.6 13.5 41.4 19.0 32.5 27.3 41.6 14.8 39.0 24.8 36.3 32.8 41.4 18.0 41.2 113,377 62,613 90,609 226,143 22.0 12.8 14.5 19.1 80,786 61,158 81,049 238,579 15.7 12.5 12.9 20.2 66,246 47,131 31,416 31,197 40,318 49,791 74,350 151,793 32.8 15.1 20.5 9.2 22.0 11.3 26.5 16.8 6,010 74,776 6,367 54,791 9,515 71,534 16,454 222,125 3.0 23.9 4.2 16.2 5.1 16.2 5.9 24.6 113,242 76,735 99,994 248,664 32.0 23.9 24.3 33.7 10,373 5,549 6,408 13,803 2.9 1.7 1.6 1.9 3,258 90,736 19,248 1,838 61,206 13,691 2,281 79,810 17,903 3,672 213,533 31,459 35.8 30.3 42.8 18.1 22.3 38.0 19.0 23.0 40.9 21.0 33.0 43.8 704 9,669 400 5,149 844 5,564 1,700 12,103 7.7 3.2 3.9 1.9 7.0 1.6 9.7 1.9 93,378 60,254 75,574 132,398 17.0 13.0 13.2 U.3 2,559 1,590 1,921 5,303 0.5 0.4 0.3 0.6 8,262 8,017 12,094 13,446 10,865 13,739 6,079 20,876 6,356 5,179 8,405 12,260 9,305 4,319 4,431 9,999 5,224 8,617 12,155 14,556 11,054 5,496 5,374 13,098 12,189 10,958 21,097 23,168 26,469 8,633 8,526 21,358 22.1 10.6 13.1 20.6 13.9 16.3 19.5 24.2 20.3 8.8 8.3 22.9 11.4 8.3 21.1 15.6 16.1 11.1 9.0 22.9 12.3 8.7 20.9 16.1 19.4 10.0 8.7 23.6 17.3 11.7 25.1 17.4 2,559 1,590 1,921 5,303 3.3 2.0 2.1 3.5 133,666 111,826 139,421 306,866 23.5 19.3 20.4 24.7 7,125 6,899 6,617 13,944 1.2 1.2 1.0 17,467 93,472 22,727 9,471 94,093 8,257 13,768 111,524 14,129 26,214 246,901 33,751 27.3 21.5 32.3 19.7 20.5 14.0 22.8 20.3 18.9 25.4 24.9 23.2 7,125 6,899 6,617 13,944 1.6 1.5 1.2 1.4 112,861 80,604 107,192 268,176 35.0 29.2 33.7 39.3 497 274 364 236 0.1 0.1 0.1 0.0* 39,357 73,504 30,244 50,360 39,575 67,617 98,044 170,132 30.1 38.3 25.2 32.3 26.4 40.2 33.1 44.0 497 274 364 236 0.4 0.2 0.2 0.1 89,448 67,540 78,392 166,754 20.9 15.6 15.0 18.6 279 137 300 485 0.1 0.0* 0.0* 0.1 62,561 26,887 44,444 23,096 48,496 29,896 102,405 64,349 19.2 26 .4 13.9 20.5 12.4 22.6 15.4 28.1 279 137 300 485 0.3 0.1 0.2 0.2 1,568 1,444 3,061 6,988 0.5 0.5 0.8 1.1 1,568 1,444 3,061 6,988 1.6 1.8 2.8 3.3 - _ 9.5 1 75,321 66,974 89,390 182,249 23.9 22.8 24.8 28.2 18,603 16,206 36,684 1,344 2,484 16,016 12,373 35,302 1,122 2,161 22,594 21,417 a , 333 1,608 2,438 51,073 48,073 77,081 3,107 2,915 30.2 17.0 25.8 17.4 31.1 28.8 15.2 24.6 15.7 33.2 30.9 19.2 25.8 18.7 33.0 38.1 22.6 28.1 21.1 30.9 31,870 20,965 29,928 64,254 11.6 8.1 9.6 11.0 3,337 2,975 3,848 4,462 16,698 2,960 2,005 2,579 1,643 11,778 5,013 2,202 3,437 1,589 17,687 10,480 4,778 7,578 2,109 39,309 20.7 4.6 21.7 48.8 10.1 20.5 3.5 18.5 23.8 7.1 23.2 3.6 19.1 20.6 8.7 26.5 4.0 22.4 18.6 10.4 26,810 26,344 32,595 76,228 15.7 14.0 13.3 17.6 4,340 9,524 3,537 9,409 4,611 6,075 4,408 U,250 7,445 9,891 4,421 1C,838 18,347 29,589 7,547 20,745 10.5 23.9 10.7 16.6 9.2 15.6 15.1 16.2 10.2 18.0 13.9 12.8 328,036 262,318 295,521 895,179 40.3 27.3 5,520 280,001 3,152 2,378 1,229 5,102 11,248 17,819 1,537 2,792 219,527 1,554 1,567 683 3,670 7,238 23,388 1,899 6,550 234,470 2,325 2,333 1,562 5,550 8,466 31,325 2,940 16,440 740,149 5,470 7,261 3,812 22,040 17,744 77,194 5,069 31.8 45.2 26.5 21.3 31.8 12.4 50.6 22.2 22.2 17.4 28.4 14.4 18.1 15.7 8.9 35.4 28.2 32.5 - - - \ \ \ - - - - \ ! j \ 15,307 - - j \ \ \ - ' 15.7 23.6 17.7 14.0 _ 25.7 39.2 6,690 22.4 25.7 16.5 19.9 22.1 11.5 39.6 32.0 32.5 25.0 42.1 19.7 32.1 25.0 21.8 43.6 32.9 33.0 \ \ - 5,242 6,925 - - 0.8 0.5 0.6 581 565 821 1,580 1.4 1.4 1.7 6,109 4,677 6,104 13,727 7.6 5.7 6.2 0.7 5.8 Table 19.—Nonfarm mortgage recordings of $20,000 or less, by FHLB District and state and by type of mortgagee, 1 9 4 1 , 1944-1946—Continued [Dollar amounts are shown in thousands] Individuals Dollar volume 1941 1944 1945 1783,177 $1,134,054 $1,402,103 I All lenders Other uortgagees Percent of t o t a l Percent of t o t a l Dollar volume 1946 1941 1944 1945 1946 1 1 9 U $2,023,015 16.6 24.6 24.9 19.4 1944 $671,261 $613,908 Dollar volume 1945 I946 1941 1944 1945 1946 1941 1944 1945 1946 $658,945 $1,257,899 14.2 13-3 11.7 12.1 $4,731,960 $4,610,629 $5,623,190 $30,409,831 67,640 74,116 108,308 16.8 18.8 17.2 13.1 25,192 33,268 32,523 56,796 6.0 9.3 7.6 6.8 418,492 359,388 430,248 830,793 17,993 3,447 41,115 2,173 4,104 1,336 20,804 5,643 29,185 3,486 6,409 2,113 22,951 5,973 32,318 3,705 6,063 2,606 35,745 6,721 49,431 5,531 7,758 3,122 16.5 17-5 17-4 13.2 15.4 13-2 24-4 22.7 U.9 22.4 22.6 23.0 23.8 22.4 13-5 19.5 17-4 24.I 18.0 18.2 9.9 19.3 14-1 21.1 15,282 962 6,074 415 2,203 256 11,083 676 13,019 402 2,876 212 10,515 757 16,090 431 4,490 240 20,087 14.0 ' 961 4-9 2.6 29,766 2.5 634 8.3 4,987 2.5 361 13.0 2.7 9.2 2.6 10.1 2.3 10.9 2.9 6.6 2.3 12.9 2.2 10.1 .2.6 6.0 2.3 9.0 2.4 109,263 19,631 236,286 16,483 26,682 10,147 85,108 24,816 196,336 15,582 28,350 9,196 96,339 26,661 242,613 18,991 34,312 10,332 198,198 36,912 497,696 28,001 55,168 14,313 103,468 156,028 200,273 280,060 20.1 31.8 31.9 23.7 J 76,007 74,840 71,476 112,933 14-8 15-2 11.4 9-5 514,619 490,391 627,082 1,133,942 40,105 63,363 43,393 112,635 52,079 148,194 69,474 210,586 19-8 20.3 28.4 33-4 28.1 33.6 24-7 23.3 33,052 42,955 26,271 48,569 25,383 4o,093 38,329 74,609 I6.4 13-7 17.2 14-4 13-7 10.4 13.6 8.3 201,975 312,644 152,818 337,573 185,672 441,410 280,647 903,295 58,910 64,185 83,393 117,042 16.7 20.0 20.7 15-9 47,046 40,880 36,913 73,929 13.3 12.7 9-1 10.0 353,405 321,284 403,650 737,070 1,619 49,211 8,080 2,879 54,317 6,989 3,490 71,341 8,562 4,677 100,719 11,646 17.3 16.5 13.0 28.3 19-7 19-4 29.1 20.5 19-5 26.7 15.5 16.2 603 43,035 3,408 1,281 37,401 2,198 1,087 33,816 2,010 1,464 68,725 3,740 6.6 14.4 7.6 12.6 13.6 6.1 9-1 9.7 4.6 8.4 10.6 5.2 9,104 299,360 44,9a 10,162 275,072 36,050 11,990 347,855 43,805 17,485 647,719 71,866 111,368 150,126 196,448 272,575 20.2 32.4 34-5 30.5 j 80,068 42,989 54,695 94,142 14-5 9-3 9-6 10.5 550,663 462,753 570,022 894,476 9,614 34,130 22,386 32,643 12,905 12,695 7,012 19,983 9,527 15,709 54,127 12,944 18,080 12,120 6,718 20,901 11,562 22,858 73,225 16,861 20,006 16,079 8,328 27,029 15,700 30,940 105,467 20,372 25,864 19,200 10,521 44,511 25.7 18.6 24.3 19.4 16.5 15.0 22.5 23.1 31.2 26.7 53.7 24.2 22.1 23.1 31.9 32.7 35.6 29.3 54-2 26.6 22.2 25.3 34.4 33.2 24.9 28.4 43.8 20.8 17.0 26.0 30-9 36.2 7,352 11,572 15,205 11,525 6,950 10,292 4,965 32,207 3,205 4,299 9,416 5,382 5,134 5,693 2,968 6,892 4,665 6,892 34,358 6,915 2,918 6,958 3,720 8,269 31,993 1 9 . 7 10,309 15.3 27,424 16.5 15,408 17.7 8.9 5,684 8,440 12.2 4,956 15.9 9,928 1 4 . 1 10.5 7.3 9-4 30.1 6.3 10.9 34*1 10.8 34.4 8.8 10.6 10.9 3.2 31.0 34«5 10.1 19.1 9.5 31.4 15.7 3.7 11.4 14.6 8.1 30,565 58,366 300,769 53,488 81,736 52,361 21,038 63,930 »p» 62,970 109,0a 240,972 98,043 152,521 73,374 34,008 323,047 51,065 71,898 78,324 120,393 9.0 32.7 31.4 9.7 57,189 52,857 55,752 112,577 3JO-0 9.3 8.1 9.1 569,280 565,909 684,665 l,2a,972 3,453 40,718 6,894 3,575 61,205 7,118 4,897 65,833 7,594 7,599 98,525 14,269 5.4 9.4 9.8 7-5 13-3 12.1 8.1 12.0 10.2 7.4 9-9 9-8 3,396 30,608 23,185 1,745 23,479 27,633 2,021 19,236 34,515 3,413 44,243 64,921 5.3 7.0 32.9 3.6 5.1 46.9 3.3 3-5 46.3 3.3 4.5 44.5 64,007 434,842 70,431 47,965 459,016 58,928 60,495 549,562 74,608 303,196 993,071 345,705 linn? 70,168 33,127 38,669 45,646 69,273 10.3 14*0 I4.4 10.2 45,435 37,484 22,583 65,905 14.1 13.6 7.1 9.7 322,694 276,042 317,894 682,153 9,760 23,367 12,876 25,793 16,399 29,247 24,495 44,778 7.4 32.2 10.7 16.6 11.0 17.4 8.3 11.6 9,673 35,762 10,214 27,270 9,569 13,014 18,466 47,439 7.4 18.6 8.5 17.5 6.4 7.7 6.2 12.3 130,843 191,851 120,230 155,812 149,577 168,317 295,875 386,278 64,173 76,532 92,807 135,400 15.0 17.7 17.8 15.1 97,968 94,854 106,572 170,679 22.9 21.9 20.4 19.1 427,318 432,843 522,861 894,952 38,552 25,621 43,590 32,942 54,718 38,089 82,987 52,433 U.9 25.1 13.6 29.3 14.0 28.8 32.5 22.9 88,647 9,321 87,336 7,518 98,390 8,182 155,174 2-7.2 9.1 15,505 27.2 6.7 25.2 6.2 23.3 6.8 325,352 101,966 320,381 112,462 390,644 132,217 665,379 229,073 48,464 60,633 66,963 99,653 15-4 20.6 18.6 15.4 57,932 42,014 55,783 106,673 115.4 14.3 15.5 16.5 334,916 294,334 360,361 646,108 8,550 17,863 19,094 1,248 1,709 9,711 16,524 30,835 1,614 1,949 11,225 18,491 33,235 1,877 2,135 17,484 13.9 27,991 18.7 49,533 13.5 2,305 36.1 2,340 21.4 17-4 20.3 21.4 22.7 29.9 15.4 36.6 20.8 21.8 28.9 13.1 33.1 18.0 15.7 24.8 6,976 9,218 40,857 486 395 3,431 6,853 31,125 349 256 4,444 16,479 34,184 482 194 9,036 34,832 61,877 780 153 31.3 9.6 28.8 6.3 5.0 6.2 8.4 21.6 4.9 3.9 6.1 14*8 21*3 5.6 2.6 6.7 16.3 22.5 5.3 1.6 61,667 95,605 141,920 7,742 7,982 55,632 81,234 143,827 7,128 6,513 72,967 111,289 160,105 8,619 7,381 ' 133,984 233,248 274,732 14,700 9,444 49,338 76,127 97,019 311,492 3,967 9,433 4,303 2,186 ;i!9,449 4,854 14,125 4,796 2,904 49,448 6,006 19,832 5,898 3,572 61,711 W,572 52,824 71,004 102,839 ]3,480 3,723 3,909 8,460 25,624 5,689 5,268 16,243 36,716 8,024 6,488 19,776 49,929 14,560 8,181 30,169 1*3,524 319,392 396,110 7,002 330,486 2,516 3,063 1,561 3,539 1,872 6,759 1,726 10,760 268,830 3,461 3,181 2,612 15,974 2,957 9,392 2,225 16,091 326,584 5,240 4,431 3,929 19,134 3,847 13,250 3,604 i ! ! | 29.6 31.2 25.7 60,817 30,953 36,993 22.1 12.0 31.9 19-1 275,604 257,6a 310,930 583,061 33.6 24.5 34.3 42.0 30.0 27.9 32.6 32.8 46.2 30.4 21.8 27.4 24.2 44-5 25.0 2,091 13,307 2,992 281 42,146 459 5,734 1,229 362 23,169 673 6,266 1,791 170 28,093 1,098 11.2 14,931 20.7 4,179 36.8 3-1 286 90,998 25.4 3.2 10.0 8.8 5-3 14.1 3.1 10.3 10.0 2.2 13.9 2.8 12.4 12.4 2-5 24.I 18,739 64,249 17,770 9,145 165,701 14,440 57,591 13,974 6,908 364,728 21,568 60,915 17,987 7,724 202,736 39,489 120,888 33,745 31,335 377,604 17.3 28.1 29.0 23.7 33,332 19,322 23,937 60,151 19.5 10.3 9.8 13.9 170,833 187,917 244,879 433,371 32.5 9.4 31.9 14.9 53*2 50.2 34*6 14.6 38.0 20.3 23.3 23.3 42.8 31.6 19.2 20.3 11,251 6,280 3,573 12,228 7,160 2,588 1,916 7,658 10,180 3,578 1,868 8,311 16,858 34,82? 2,092 26,374 27.1 15.8 10.9 21.6 HO 6.6 6.6 11.0 13-9 6.5 5.9 9.8 14-5 31.8 4.9 17.7 41,489 39,763 32,888 56,693 50,079 39,003 29,232 69,623 73,368 55,027 31,864 84,820 116,682 325,472 42,609 148,608 567,963 20.1 33.2 34.4 24.9 90,275 344,447 161,718 292,612 31.1 15.0 34.1 32.8 834,136 962,327 1,150,598 2,281,933 29,626 455,729 7,598 6,730 7,293 27,609 4,774 23,931 4,673 40.3 6 7 . 1 55.2 2 1 . 1 34.8 35.8 2 1 . 1 3 2 . 1 37.2 2 7 . 4 36.7 3 7 . 8 40.3 60.2 55.5 2 0 . 8 38.7 39.5 8.4 14.5 18.0 8.4 11.3 33.6 2 4 . 1 38.0 39.9 45.0 25.9 27.3 29-7 47.9 27.4 11.8 10.2 30-5 1,136 53,739 2,645 823 254 9,002 1,133 20,150 1,393 718 107,812 1,606 278 175 6,994 3,788 22,930 144 1,010 335,869 1,011 353 244 3,507 1,700 17,771 253 3,447 222,661 1,752 380 849 14,864 3,739 44,328 592 6.5 8.7 22.2 7.4 6.6 22.0 5.1 25.1 19.4 4.5 I4.O 34.9 3.2 4.0 16.9 18.5 27.7 2.5 3.5 14*9 7.2 3.0 3.4 7.2 8.0 18.2 2.8 5.2 12.7 6.3 1.7 5-6 ! 34.7 | 9.2 [ 18.9 3.9 17,378 619,076 31,906 31,177 3,870 41,037 22,224 80,303 7,365 16,024 771,901 10,778 8,659 4,342 a,277 20,433 82,867 5,846 29,172 931,853 14,077 11,730 7,079 48,447 21,354 97,846 9,040 ,. SflK-i 17-9 8,592 21.2 33,145 34.7 8,157 24.2 5,040 23.9 94,575 17.8 149,509 . 21 Table 20.—Residential construction in nonfarm and urban areas, 1920-1946 [Number of family dwelling units provided] Month and year 22 Total construction All nonfarm areas All urban, areas Private construction Private construction Public construction Total construction Total private 1-faraily 2-faraily 3- and morefamily 247,000 449,000 716,000 871,000 893,000 247,000 449,000 716,000 871,000 893,000 202,000 316,000 437,000 513,000 534,000 24,000 70,000 146,000 175,000 173,000 21,000 63,000 133,000 183,000 186,000 196,000 359,000 574,000 698,000 716,000 196,000 359,000 574,000 698,000 716,000 937,000 849,000 810,000 753,000 509,000 937,000 849,000 810,000 753,000 509,000 572,000 491,000 454,000 436,000 316,000 157,000 117,000 99,000 78,000 51,000 208,000 241,000 257,000 239,000 142,000 752,000 681,000 643,000 594,000 400,000 752,000 681,000 643,000 594,000 400,000 330,000 254,000 134,000 93,000 126,000 330,000 254,000 134,000 93,000 126,000 227,000 187,000 118,000 76,000 109,000 29,000 22,000 7,000 5,000 5,000 74,000 45,000 9,000 12,000 12,000 236,000 174,000 64,000 45,000 49,000 236,000 174,000 64,000 45,000 49,000 221,000 319,000 336,000 406,000 515,000 216,000 304,000 332,000 399,000 458,000 183,000 244,000 267,000 316,000 373,000 8,000 14,000 16,000 18,000 19,000 25,000 46,000 49,000 65,000 66,000 5,000 15,000 4,000 7,000 57,000 117,000 211,000 218,000 262,000 359,000 112,591 197,648 214,406 255,294 303,547 603,000 715,000 477,000 530,000 619,000 301,000 448,000 533,000 252,000 26,000 28,000 18,000 56,000 58,000 31,000 73,000 96,000 196,000 396,612 439,582 280,838 350,1.00 183,660 136,264 17,766 29,630 166,440 45,000 40,100 33,100 26,700 33,600 21,800 24,200 27,600 24,300 28,100 26,100 19,500 9,386 9,789 14,900 15,148 18,943 17,590 16,626 19,625 16,288 18,043 14,367 12,955 6,868 8,129 11,862 11,376 14,366 13,085 12,537 13,197 11,382 12,210 11,160 9,892 936 627 1,126 1,458 1,757 1,790 1,657 2,228 1,777 1,923 1,406 1,081 1,582 1,033 1,912 2,314 2,820 2,715 2,432 4,200 2,929 3,910 1,801 1,982 35,614 30,311 18,200 11,552 14,657 4,210 7,574 7,975 8,012 10,057 11,733 6,545 169,400 138,779 114,615 10,626 13,558 17,300 13*500 18,100 14,300 16,500 17,500 U,500 12,800 11^300 11,100 11,600 10,900 12,195 11,678 13,435 12,624 14,673 1,027 457 1,219 1,084 1,049 1,488 1,089 1,387 1,047 1,407 15,043 12,392 11,097 9,433^ 9,721 9,087 7,196 10,079 9,834 11,169 10,333 11,542 12,245 10,441 9,112 8,028 8,021 7,508 6,103 922 829 710 621 785 1,275 659 605 920 246,400 228,818 202,324 9,847 7,700 8,500 13,200 19,300 18,700 22,300 23,300 20,400 21,800 30,000 31,800 29,400 7,302 7,660 11,615 13,456 l6,5.;-5 20,412 19,948 20,154 tt.,800 29,775 31,461 28,700 6,290 6,595 9,893 10,916 14,735 18,711 17,3'77 18,364 19,665 26,696 28,290 24,787 243 400 949 897 978 619 823 668 888 929 1,146 1,307 796,200 680,697 604,701 44,800 51,000 86,100 84,000 85,100 76,900 79,000 81,800 65,500 60,200 46,600 35,200 39,101 43,618 77,649 70,738 63,734 59,819 61,793 62,027 57,080 58,492 46,478 35,168 34,771 38,775 68,453 64,137 60,552 52,737 54,632 55,868 50,981 51,551 41,296 30,948 1-family 2-family 3- and morefandly 333,166 369,465 184,892 262,021 295,024 138,908 19,966 22,752 15,747 51,179 51,689 30,237 209,418 119,714 78,750 16,234 24,730 21,054 22,578 18,118 16,779 20,682 14,132 14,798 17,430 14,016 16,724 19,100 14,007 5,870 6,115 9,299 9,868 12,346 11,422 11,086 13,088 10,906 11,840 9,412 8,462 3,567 4,676 6,600 6,543 8,326 7,440 7,497 7,251 6,685 7,018 7,015 6,132 898 588 1,066 1,369 1,646 1,686 1,408 1,934 1,535 1,802 1,309 993 1,405 851 1,633 1,956 2,374 2,296 2,181 3,903 2,686 3,020 1,068 1,337 30,621 1U,875 93,173 71,278 9,908 11,987 5*105 1,822 4,665 1,476 1,827 2,457 2,108 1,703 1,862 1,379 2,513 3,704 11,016 9,050 12,359 9,592 10,967 11,558 9,830 8,738 7,758 7,469 8,460 8,078 8,222 7,860 9,020 8,528 9,743 9,973 8,114 7,273 6,228 6,884 6,362 4,966 6,257 6,161 6,920 6,359 6,981 7,554 6,537 5,443 4,948 5,288 4,880 3,950 977 409 16,647 17,582 162,039 150,712 769 665 768 1,643 822 1,082 1,748 1,122 1,247 2,150 2,025 2,606 398 840 1,585 5,844 2,165 1,888 3,352 246 5,046 5,328 225 339 700 5,046 6,168 8,039 12,511 12,650 13,626 15,913 13,059 14,619 19,696 20,756 19,956 25,539 50,457 115,503 1,409 1,891 2,751 2,721 3,433 2,276 2,105 2,063 2,160 1,999 1,684 1,047 2,921 2,952 6,445 3,860 4,749 4,806 5,056 4,096 3,939 4,942 3,498 3,173 5,699 7,382 2,082 1,310 789 915 8,451 13,262 16,366 17,081 17,207 19,773 8,420 1,708 122 32 Total private 988 1,393 860 655 575 735 612 568 1,290 935 1,166 1,806 1,026 717 1,175 705 861 870 448 125,495 9,248 15,969 9,502 11,222 11,988 12,956 12,915 14,619 19,496 20,417 19,256 4,095 4,328 6,350 7,034 9,517 10,437 10,464 11,206 12,567 16,582 17,421 15,494 213 368 899 864 934 550 782 626 845 857 1,069 1,2a 738 632 718 1,604 771 1,001 1,710 1,083 1,207 2,057 1,927 2,521 530,316 430,018 358,126 24,271 47,621 31,639 35,842 57,892 56,610 58,258 52,235 52,227 55,407 42,775 37,401 28,661 21,369 25,940 28,737 50,733 45,276 43,557 38,130 37,966 38,660 35,044 36,067 28,539 21,369 21,807 24,116 41,797 38,975 35,825 31,388 31,170 32,921 29,335 29,576 23,747 17,469 1,323 1,794 2,651 2,621 3,283 2,156 1,980 1,943 2,050 1,899 1,594 977 2,810 2,827 6,285 3,680 4,449 4,586 4,816 3,796 3,659 4,592 3,198 2,923 7,967 1,165 1,003 956 Table 27.—Residential construction in nonfarm areas, by FHLB District and by state, 1941-1946 [Number of family dwelling units provided] Prirate construction Federal Home Loan Bank District and state 1941 1942 1943 1944 1945 1946 Total Total private 1-family 2-fandly 3- and morefamily Public construction 715,200 496,600 350,000 246,400 | 796,200 680,697 604,701 25,539 j 50,457 115,503 39,200 22,300 11,000 2,000 1 5,500 1 29,300 22,570 20,387 676 j- 1,507 6,730 14,900 3,500 13,700 2,500 3,700 900 11,500 3,800 1 5,100 l 300 1,200 1 400 6,100 2,300 2,300 10 200 90 1,200 1 200 500 1,000 1 400 2,800 300 900 100 5,400 1,300 17,700 1,500 3,000 400 4,088 1,032 13,338 920 2,882 310 3,813 978 11,646 900 2,744 306 109 28 398 16 121 4 166 26 1,294 4 17 1,312 268 4,362 580 118 90 72,900 36,600 ! 11,800 2,800 1 12,900 I 82,700 58,118 38,503 5,656 13,959 24,582 4,500 8,400 20,600 62,100 16,914 a , 204 13,660 24,843 867 4,789 2,387 11,572 3,686 20,896 6,300 1 35,600 30,840 28,065 1,164 1,611 4,760 300 5,000 1,000 1,000 27,700 6,900 954 23,514 6,372 877 21,297 5,891 33 862 269 44 1,355 212 46 4,186 528 45,800 | 138,300 127,791 115,401 169,300 100 24,000 48,900 15,600 21,000 8,300 3,500 56,300 28,700 22,300 • 4,800 1 1,300 45,700 9,300 1,700 24,800 2,200 3,500 18,200 600 200 4,300 300 J 131,100 106,500 70,000 11,600 10,690 21,610 14,900 23,200 16,800 9,200 23,100 15,000 9,632 7,268 10,000 16,400 5,200 7,400 35,600 5,600 5,234 8,766 13,000 13,700 5,800 2,600 15,300 59,700 30,900 23,700 8,100 39,300 12,300 3,800 23,100 4,000 1,900 900 29,900 4,550 7,840 10,509 3,600 3,300 17,500 4,600 5,000 3,300 1,400 7,100 13,200 4,100 40,500 17,800 17,200 20,100 6,100 19,300 11,638 3,124 38,942 16,668 16,479 17,791 5,090 18,059 . 10,895 1,290 34,058 16,281 14,762 16,813 4,846 16,456 261 148 1,625 244 1,199 591 174 308 482 1,686 3,259 143 518 387 70 1,295 1,562 976 1,558 1,132 721 2,309 1,010 1,2a 12,300 15,200 52,100 43,707 39,097 1,420 3,190 8,393 1,100 20,200 2,400 600 7,300 4,400 1,100 10,300 3,800 6,500 34,100 11,500 5,185 28,781 9,7a 4,838 25,077 9,182 182 839 399 165 2,865 160 1,315 5,319 1,759 2,500 2,500 8,700 [ 5,000 5,700 1,200 700 3,600 57,700 37,800 29,900 13,300 15,200 49,000 41,889 40,432 952 505 7,111 17,200 40,500 14,500 23,300 4,000 25,900 2,700 10,600 4,800 10,400 16,500 32,500 13,688 28,201 13,111 27,321 397 555 180 325 2,812 4,299 40,200 20,300 11,100 9,600 16,100 44,700 37,285 33,931 1,327 2,027 7,415 28,300 11,900 15,100 5,200 8,700 2,400 7,900 1,700 12,100 4,000 31,600 13,100 26,577 10,708 24,558 9,373 492 835 1,527 500 5,023 2,392 33,800 11,600 1,800 3,000 9,300 43,800 34,555 31,752 l,013 1,790 9,245 7,500 11,300 12,500 1,200 1,300 2,400 3,000 5,400 100 700 200 100 800 400 800 1,700 700 100 1,500 4,500 2,200 600 500 10,800 16,400 12,200 2,100 2,300 7,648 13,657 9,759 1,566 1,925 7,435 12,8a 8,248 1,494 1,734 80 490 376 42 25 133 326 1,135 30 166 3,152 2,743 2,441 534 375 63,900 43,500 46,100 28,400 36,500 101,200 90,919 85,335 2,305 3,279 10,281 4,900 10,300 6,600 2,600 39,500 6,400 4,900 4,200 1,100 26,900 3,100 5,700 4,900 2,500 29,900 1,100 7,300 1,500 900 17,600 2,000 4,400 2,200 1,400 26,500 5,300 11,300 7,100 2,900 74,600 4,851 8,786 5,853 2,751 68,678 4,701 8,296 5,424 2,619 64,295 72 272 192 72 1,697 78 218 237 60 2,686 449 2,514 1,247 149 5,922 25,600 21,200 14,000 5,200 8,900 34,100 28,116 26,058 818 1,240 5,984 6,200 8,000 3,000 8,400 1,500 10,900 1,700 7,100 1,300 5,000 3,600 4,100 900 1,600 1,200 1,500 3,200 1,900, 9001 2,900 10,400 7,900 4,000 11,800 7,242 6,124 3,359 9,333 160 216 75 367 823 163 55 199 2,175 1,397 511 1,901 134,800 137,200 108,300 58,000 74,700 185,400 145,740 5,658 13,509 20,493 2,300 77,400 500 400 3,400 18,600 5,200 29,200 200 4,400 58,100 1,200 200 2,200 8,300 7,400 25,300 1,200 1,000 46,500 500 300 400 2,700 1,400 4,800 400 2,100 53,800 1,000 500 1,100 4,800 1,300 9,600 500 3,300 2,118 1,811 136,000 124,388 107,606 4,200 3,002 2,918 3,000 1,716 1,854 1 2,200 1,896 1 1,825 12,600 10,886 10,136 5,400 j 4,430 3,961 17,300 14,987 15,495 1,400 780 838 170 4,930 50 66 21 137 134 132 18 137 11,852 34 72 50 613 335 376 40 1,182 11,612 1,198 1,146 304 1,714 970 1,805 562 3,000 97,900 2,000 2,000 1,200 7,100 3,600 16,900 1,100 ! 8,225 | 6,503 i 3,489 9,899 164,907 v 1 23 Table 22.—Trend and status of home mortgages, rental housing mortgages and war housing mortgages insured by the F H A # 1935-1946 [Dollar amounts are shown in thousands] Title II Tear and s t a t u s of insurance w r i t t e n Sec* 203 S n a i l home mortgages T i t l e VI S e c . 207 Rental p r o j e c t s Amount Units Amount 23,397 77,231 102,076 109,279 153,747 168,293 $ 93,882 30e,945 424,373 473,246 669,416 v 736,490 738 624 3,023 11,930 13,462 3,559 • 2,355 2,101 10,483 47,638 51,851 12,949 198,799 149,635 52,408 46,677 46,572 66,858 876,708 69]., 446 244,514 216,368 219,300 347,357 3,7a 1,547 185 2,181 891 694 13,565 5,792 714 7,176 3,806 2,510 1,194,972 $5,302,045 42,575 $160,940 526,277 2,283,653 27,178 101,109 668,695 3,015,392 15,397 59,831 668,695 2,485,684 15,397 52,454 Umber 527,708 S e o . 603 Small home mortgages i S e c . 608 Rental p r o j e c t s Units Number Amount 3,778 68,706 213,659 100,320 50,244 14,034 $ 13,431 267,016 517,656 491,069 255,044 74,653 4,295 19,994 10,249 3,167 1,538 $15,423 83,908 48,920 16,011 10,665 350,7a $1,618,869 39,243 $174,927 79,422 375,044 2,014 6,915 271,319 1,243,825 37,229 168,012 271,319 1,183,978 37,229 161,550 7,377 Amount 59,847 6,462 * Adjusted to inventory Table 23.—Home mortgages insured by F H A , by months, 1 9 3 5 - 1 9 4 6 [Premium paying; thousands of dollars] Annual total Period and c l a s s of loan Title II January February Title II $ « 76 3,975 12,832 9,282 32,841 33,883 50,034 53,642 5,690 250 37 •3,760 May April March (Mew construction) $ $ 271 3,749 11,885 9,319 28,759 35,193 47,782 42,446 3,463 130 63 •3,570 _q*' $ 503 4,725 11,825 10,816 31,504 38,784 48,960 43,908 2,894 81 80 •4,406 492 6,040 13,739 13,883 39,732 39,765 50,102 46,493 2,606 81 374 5,573 Table 24.—FHA August September October November December 969 6,886 15,503 15,891 34,605 44,704 61,934 43,157 2,424 82 347 6,374 $ 1,727 9,194 14,496 19,866 46,920 47,793 60,102 35,158 1,563 90 666 5,668 $ 2,733 10,262 16,126 25,848 39,606 53,769 61,104 30,529 1,479 79 968 5,279 $ 4,937 12,104 17,179 33,156 45,758 63,461 69,059 26,831 818 40 •1,228 6,576 $4,586 12,057 16,343 32,328 49,743 54,960 60,667 21,893 833 54 •1,777 5,354 $ 6,025 15,627 15,785 34,490 48,157 63,357 69,416 19,188 747 31 •1,965 6,631 13,242 24,750 22,667 25,263 15,380 16,559 16,231 17,639 18,856 21,941 •18,606 26,553 12,570 22,206 20,764 21,991 17,405 13,907 16,253 17,071 20,499 21,646 •18,887 20,175 14,525 24,393 21,387 21,815 16,634 14,144 18,100 19,530 17,401 18,270 •18,051 21,390 2,190 38,265 48,571 43,354 15,253 4,259 3,578 40,195 48,421 38,053 10,779 3,843 5,294 43,214 42,979 36,573 11,383 8,025 $ 5,855 11,897 13,690 35,308 48,054 64,136 70,214 14,172 592 67 •3,095 13 4,586 11,257 8,830 28,084 37,820 50,39* 56,585 8,495 249 27 •3,728 71,551 213,885 255,506 245,847 208,398 174,948 183,013 201,402 199,330 214,610 •211,700 •287,344 9 14,044 20,622 18,093 20,075 17,004 14,649 16,953 17,084 18,397 19,006 •24,275 61 11,565 17,237 12,543 16,3C0 13,778 10,9;il 14,233 11, &£ 13,795 14,085 •20,006 834 12,062 20,386 12,996 17,522 12,300 11,603 14,138 13,175 12,729 16,480 •24,346 1,895 12,309 20,702 16,479 17,459 12,520 12,522 13,002 12,704 13,200 14,813 •24,160 3,240 14,634 21,141 19,222 17,939 14,794 16,317 16,269 15,248 18,319 22,272 •26,389 4,120 17,200 23,432 25,496 21,178 14,591 24,708 19,317 16,759 17,768 13,3a 31,551 5,310 19,245 23,883 24,886 16,553 15,612 19,597 19,571 18,502 18,322 18,207 26,956 6,946 21,254 22,289 23,962 18,131 15,176 10,124 16,655 18,519 20,256 17,286 20,831 8,798 20,202 20,996 23,102 13,821 14,563 . 11,979 17,044 18,737 19,967 15,165 20,713 13,431 267,016 517,656 491,069 255,044 74,653 6,556 40,649 49,003 38,640 11,293 8,433 37,168 40,616 31,417 7,508 12,273 43,523 a , 620 29,886 6,273 11,424 35,878 36,793 26,885 7,853 13,554 39,511 37,739 23,707 9,700 230 15,876 41,629 34,238 20,413 4,691 436 20,621 43,445 42,322 19,056 4,592 560 25,030 49,518 48,166 14,992 3,919 1,143 31,524 46,365 42,592 12,634 2,697 Title vi lozy $ July $ 22,331 95,060 168,867 227,399 461,018 561,542 693,695 490,044 45,184 1,758 7,600 •60,013 (Existing construction) l<u£ June insured home mortgages originated, purchased, sold and held, by type of institution, as of December 3 1 , 1 9 4 6 [Thousands of dollars] 1939 1940 19a 1942 1943 December December Decanter December December 1944 1946 1945 Type of i n s t i t u t i o n Savings and loan a s s o c i a t i o n s . . . • U ltiial «Avl s h « Ira 24 $ 191,709 341,587 88,6a 885,051 152,716 133,276 1,792,980 $ 224,328 5 a , 561 149,239 1,142,949 201,031 150,089 2,409,197 $ 255,296 791,617 205,748 I,447jl01 233*628 182,226 3,115j.6l6 $ 288,611 1,095,276 263,825 1,694,963 251,871 200,973 3,795,519 $ 345,938 1,374,570 328,0a 1,894,913 116,330 248,570 4,308,362 June December % 371,947 1,465,561 371,071 1,929,054 133,042 243,615 4,514,290 % 379,482 1,495,245 392,643 1,919,999 134,551 233,752 4,555,672 June $ 407,994 1,550,409 416,254 1,982,879 99,362 220,447 4,677,345 December $ 404,391 1,557,603 a8,505 1,954,736 40,584 187,978 4,563,797 June $ 397,054 1,534,770 413,512 1,955,923 19,627 182,368 4,503,254 December $ 363,970 1,422,2a 387,136 1,854,745 12,822 152,105 4,193,019 Table 25.—Gl home loans approved, as of December 25, 1946 Table 26.—Cumulative record of Gl home loans, 1945-1946 [Dollar amounts are shown in thousands] [Principal amounts in thousands] Bank D i s t r i c t and s t a t e Principal Average size of loan 523,067 $2,911,521 $5,566 • 45*286 274,855 6,069 Comecticut.. Maine < Massachusetts • New Hampshire........ 6,472 4,284 24,381 4,409 3,607 2,133 43,693 17,262 164,021 20,448 20,077 9,354 6,751 4,029 6,727 4,638 5,566 4,385 62,206 383,517 6,165 New Jersey 17,362 44,344 105,912 277,605 6,100 6,190 New Tork. 53,521 261,682 903 48,282 4,336 5,843 238,163 17,676 6,471 4,933 4,077 62,004 335,589 5,412 6,348 4,553 7,569 10,490 8,940 9,469 4,624 10,011 29,493 36,697 46,050 57,595 49,342 43,927 22,322 50,163 4,646 8,060 6,064 5,490 5,519 4,639 4,827 5,011 49,216 261,916 5,322 5,775 35,280 8,161 26,814 195,450 39,652 4,643 5,540 4,859 39,531 192,022 4,858 15,569 23,962 66,544 125,478 4,274 5,237 UNITED STATES Boston* Rhode Island Vermont New York... Pittsburgh Delaware Pennsylvania West Virginia WinstotHoalem Alabama.. D i s t r i c t of Columbia. Florida..... Georgia Maryland North Carolina. South Carolina Virginia Cincinnati Kentucky • Ohio Tenm Indianapolis•• Indiana , Michigan...., Chicago • Illinois Wisconsin.... Des Moines*.... Iowa Minnesota... Missouri. ••• North Dakota. South Dakota. 201,972 28,603 8,545 155,175 46,797 5,425 5,477 35,711 176,933 4,955 9,616 8,630 15,589 828 1,048 44,332 46,051 78,877 3,624 4,049 4,610 5,336 5,060 4,377 3,864 225,604 5,518 12,206 31,464 12,827 7,059 162,048 3,563 5,972 5,376 4,493 5,739 Topeka........ 26,258 123,986 4,722 Colorado.... Kansas Nebraska*... Oklahoma.... 5,158 7,259 5,043 8,798 27,768 31,297 22,007 42,9H 5,383 4,311 4,364 4,878 San Francisco. 70,837 469,654 6,630 Arisona..... California*. Idaho Montana*.... Nevada Oregon Utah Washington*• Wyoalng*.... 1,745 45,580 1,405 1,374 415 4,762 2,554 12,284 71* 7,785 349,078 6,702 5,792 2,350 23,525 11,341 59,923 3,158 4,461 7,659 4,770 4,215 5,663 4,940 4,440 4,878 4,398 Territories*.. 461 3,791 8,223 Reported closed and disbursed Principal amounts Principal amounts 2*.... 9**.. 16 23 30..... 10,724 11,504 12,269 33,110 14,070 8,410 9,084 9,798 10,4a 11*230 7 14.*... 21..... 28*.... Aug* 4 * . . . . 11 18*.... 25 Sept* 1 . . . 8**... 15**.. 22...., 29**... 14,605 15,366 16,3a 17,115 18,046 18,944 19,607 20,641 21,795 22,614 23,787 11,880 12,501 13,196 13,947 14,668 15,511 16,016 16,865 17,837 18,575 19,563 26,701 21,981 Oct. 27,728 28,951 30,199 31,797 33,679 35,527 37,594 39,502 42,016 44,683 47,658 50,069 52,740 22,981 24,066 25,096 26,491 28,147 29,861 31,492 33,231 35,459 37,777 40,306 42,555 44,731 5 12 19 26 2 9 16 23 2..... 9 16 23 30..... 5 12..... 19 26 3 10 17 24..... 31..... 7*»*«. M..... 21..... 28..... 54,918 58,162 61,605 65,726 70,495 75,915 81,921 87,930 95,288 103,100 111,042 118,584 126,429 132,947 139,268 147,228 156,786 166,311 176,128 187,290 199,230 209,334 221,212 233,533 246,201 257,986 46,875 49,987 52,981 56,225 60,052 64,512 69,245 73,553 80,024 87,126 93,669 100,772 105,990 5 12 19 26 Aug* 2 * . . . . 9 16 23 30*.... Sept* 6 * . . . . 27 Oct. 25 July 6 13 20*.... 27*.... Nov* 3 . . . . . 10..... 17**... 24*..*. Dec* 1 . . . . . 8*.... 15.*.. 22..... 29....< 1946 Jan* Mar. 3,426 5,269 2,386 1,571 28,236 Approved for loan closing 1945 June Feb. 37,148 L i t t l e Rock... Arkansas*.... Louisiana.... Mississippi* New Mexico*. Texas Number of applications Apr. May June July Nov. 25 Dec. 25 $ 495,385 129,036 149,226 160,519 172,839 183,417 196,306 209,007 111,982 115,147 116,901 118,143 119,834 121,635 124,885 129,300 133,972 140,334 148,462 157,004 165,737 526,381 541,392 549,939 555,5a 564,482 573,775 588,014 611,561 634,812 670,297 712,281 756,783 804,907 267,110 279,600 291,571 305,503 318,905 331,763 344,561 357,510 371,142 380,977 420,960 218,157 228,217 239,386 250,418 262,364 275,894 293,790 304,297 321,461 332,572 373,932 $1,740,980 1,987,982 172,434 180,664 190,630 200,231 209,960 220,988 233,354 245,231 257,471 266,7a 303,353 843,303 887,713 9a,379 994,778 1,046,197 1,107,674 1,169,751 1,246,274 1,316,554 1,369,210 473,784 426,699 2,314,515 356,804 524,428 478,049 2,635,372 409,112 570,883 523,067 2,911,521 455,293 1,584,444 1,906,743 2,217,347 2,494,547 25 Table 27.—Indexes of building costs for the standard frame house in representative cities, 1 9 3 6 1946 [1935-1939=-100] 1936 Federal Home Loan Bank District and City II IV 1938 1937 II IV I II 1940 1939 III IV I II III .IV I II 1941 III IV I II III IV Boston: 101.7 103-1 103.2 107.6 98.9 98.9 99-2 101.6 104.1 104-0 104.5 105-8 98.1 98.1 98.1 99-3 104.6 105.2 106.9 IO9.7 111.0 106.3 108.0 99.6 111.5 114.4 IO9.4 112.4 101-5 111.8 123.7 114.3 116.7 103.7 116 .-1 125.4 117.0 119.8 105.0 118.1 114.2 107.0 102.9 105.0 117.1 113.2 112.3 108.8 117.3 U4-7 119.4 112.0 126.6 131.1 120.6 117.3 139.2 135.8 122.5 121.6 96.7 99-1 96.5 98.8 94*7 95-1 99.6 101.1 95-3 97-7 108.5 107.4 106.7 105.5 102.8 104.1 99.8 97-0 107-4 104.3 103-9 105.9 99.3 97-5 101.9 99.0 98.1 104*0 103.9 102.9 99.5 99.8 101.0 98.8 102.5 100.7 98.9 102.4 101.1 102.2 100.5 100.1 100.0 101.1 99.0 99.6 98.8 98.6 102-3 100.9 101.7 fD3.1 100.2 98.8 97.0 97.9 103.0 104.0 103.2 104.2 94*2 95.2 93-9 94-8 96.0 95-6 96.0 96.4 107.3 107.5 104.3 103.9 100.2 101.4 105-7 104.0 106.9 107.5 103-3 108.7 104.6 101.3 104.2 102.4 103.1 102.6 101.5 103-4 101.1 105.0 101.9 103.5 99.5 102.0 103.7 101.8 106.5 103.4 102.6 105.6 101.6 100.4 101.9 100.2 99.2 104-7 108.5 106.6 102.2 103.0 96.1 . 92.4 94-1 93-9 96.2 96.0 99-3 98.0 104-1 113-0 109.7 102.5 104.6 108.9 109-3 109.2 106.5 104.6 105.9 108.8 106.5 105.2 109.3 103.8 106.2 102.5 105.5 102.8 106.2 101.8 104.2 102.4 103.7 102.0 105.0 102.0 100.7 97.5 97.0 102.6 103-8 105.6 104-3 104.7' 104.1 101.6 100.9 101.6 97.0 94.2 93.9 106.5 105.8 107.4 110.0 112.4 101.7 99.8 100.1 104.6 lul.6 101-8 100.7 106.8 95*8 98.5 88.7 98.8 98.0 101.5 99.3 107.0 96.7 98.9 •107.9 108.6 105-1 108.9 104.1 108.1 109.5 104O 104.9 106.7 108.1 108.9 102.7 102.8 106.0 108.1 109.0 103.1 100.3 104.3 104O 101.0 106.1 106.5 100.2 99.1 99.7 99.1 100.4 100.9 99.8 98.1 98.6 105.3 100.9 98.1 97.1 99.2 105.8 102.9 104.4 104.4 104.4 104.3 105.2 108.1 96.5 95.5 94-9 97-5 / 97.4 96.5 100.0 107.2 101.4 100.8 100.0 102.1 J 100.9 103-9 106.5 109-6 100.9 98.0 98.9 98.4 96-3 95.7 96.8 105-3 96.7 97.4 96.7 96.6 99.6 98.0 97.8 97.0 107.8 104.1 106.3 106.2 103.6 105.4 108.0 104.9 101.5 98.8 104.3 103.4 102.1 102.4 99.9 100.8 102.2 97.9 100.8 100.9 101.8 103.1 100.8 101.0 100.7 104.0 96.3 96.6 96.3 97.4 101.1 101.9 102.1 107.6 104-7 102.5 101.2 104.0 104.I 104*8 104.4 107.0 106.6 106.2 108.6 112.1 96.7 96.5 97.4 100.5 100.3 99.4 103.4 111.0 106.9 105.4 108.4 110.0 110.5 116.3 121.3 124.7 103.7 103-6 102.8 107.5 - 107.2 108.8 108.8 113.0 96.3 92.3 96.9 92.0 100.8 102.4 103.1 106.1 109.0 107.0 105.6 1C2.3 101.6 107.6 108.0 102.7 105.2 105-2 101.2 108.3 107.2 107-2 104.0 100.1 99-0 99.1 101.4 101.9 102.0 102.4 105.1 102.0 104.8 108.5 II3.O 112.0 108.7 112.3 119.2 98.7 100.2 91.9 98.7 105.7 105.8 102.8 101.1 106.1 106.9 103.2 102.4 99.7 100.2 102.4 102.4 100.0 100,3 99.1 99-4 106.7 107.0 106.2 107.9 99.4 99.2 99-0 98.9 108.2 108.4 109-1 109.8 99-1 99.9 103.5 IO4.4 112.5 114-3 116.3 116.6 97.6 97*3 97.0 94.9 99.4 98.0 97.8 95-1 103.6 111.4 IO4.8 100.4 104*6 106.8 104.6 106.3 101.4 99.4 101.1 98.4 104-3 102.7 106.2 103.8 99.0 99.8 97.0 97.2 102.3 102.1 106.8 107.8 101.6 101.6 101.8 102.0 98.5 98.0 96.4 98.0 99.1 99-0 98.1 102.3 105.1 104.0 -100.8 101.4 102.6 102.6 102.8 104.8 99.9 99.1 99.9 102.9 102.6 102.4 100.7 100.8 102.2 101.5 103.3 105.0 105.2 108.5 102.6 105.5 106.0 109.0 104.9 108.3 106.1 111.2 105.6 111.1 111.3 119.4 108.8 114.7 99.2 89.9 93-3 94.0 97.0 98.3 97.5 95-2 97.8 97.8 101.1 103.1 102.7 105.2 105.7 99-2 107.1 104.2 103.7 104.6 98.8 106.9 105.9 102.7 101.9 98.8 107.2 106.7 103.3 100.3 99-3 105.4 106.2 104.0 102.1 100.9 104.3 105.9 102.1 100.8 101.6 102.2 105.1 103.0 100.6 102.1 101.2 103.3 103.5 100.7 109.9 119.3 109.6 104.9 104.9 111.8 121.0 113.5 105.6 106.3 112.7 121.6 117.7 106.8 107.6 113.9 123.9 118.9 110.3 108.9 125.0 126.9 121.1 113.1 118.1 95-3 92.6 96.6 96.6 97.2 94-9 98.8 97.6 106.7 102.4 103-5 103.6 105-3 101.8 103.7 104.1 104.3 101.8 101.3 104-1 102.8 105.2 100.9 103.9 104.4 102.2 106.9 100.8 ; 99.2 103.7 104.5 101.0 109.1 100.4 104.7 101.4 99.8 98.9 108.0 107.7 103.9 100.3 103.1 105.5 104.3 104.9 106.8 98.9 96.8 96.6 100.6 103.3 105-9 107.2 110.0 106.S 106.4 105.6 107.5 107.7 108.8 107.3 119.2 103.3 112.6 111.0 121.2 103.5 114.7 111.8 119-4 109.2 117-3 117.7 125.9 110.6 118.8 120.8 126.8 97.0 96.9 97-3 94-8 97-5 95.4 91-6 98*4 97.0 96.6 99.6 99-4 97.3 98.5 97.9 98.9 103-2 107.6 108.4 109.0 101.2 104.0 107.9 103.2 103.7 99-9 98.4 107.7 106.9 104.9 112.2 103-5 100.3 107.6 106.7 103.9 103-2 101.9 103-5 103.3 103.0 106.4 106.0 104.7 103.7 103.2 101.9 101.0 103.3 97.9 99-3 100-5 103.4 102.0 102.2 103.8 98.3 98.6 98.2 100.5 103.8 102.2 102.3 104-6 96.5 94.8 96.0 103.0 103.1 102.7 102.1 105.6 99-0 97-1 95-4 103.1 102.4 102.9 105.0 108.3 101.2 101.4 100.8 103.8 103.1 103.4 108.6 111.6 103.9 102.2 101.6 103.8 103.3 107.0 109-0 112.4 104-3 104.2 102.7 106.2 105-5 110.6 109.2 117-5 107-7 105-1 105.4 111.7 112.3 U2.7 110.6 118.3 I09.I "ili-O 109.2 116.6 114-3 119.7 117.2 New York} Camden, N« J 108.8 106.6 103.3 103.8 108.8 IO6.7 102.5 104.5 Pittsburgh: Wilmington, Del Charleston, W. V a . . . . . 108.4 111.5 115-9 122.8 118.0 117.5 120.1 127.9 110.2 111.7 118.7 118.6 108.6 110.1 108.0 115.5 Winston-Salem: Birmingham* Ala ^ Washington, D. C Atlanta, Ga ^ ' Baltimore, Md y/ Richmond, Va.... • .107.2 108.7 111.5 113.0 105.2 107.1 111.3 113.9 H4.5 106.5 113.5 116.1 117.4 119.5 109.7 114.3 119.8 119.0 123.9 111.3 Cincinnati: Louisville, Ky Indianapolis: Chicago: Des Moines: Fargo, N. D Sioux Falls, S. D L i t t l e Rock: L i t t l e Rock, Ark New Orleans, La Jackson, Mi ss Albuquerque, N. M . . . . . Houston, Texas 102.7 101.4 103.0 103.5 100.2 103.2 105.3 105.1 104.8 99-9 103.9 IO4.8 105.4 102.7 101.0 104.4 103.6 106.3 102.1 100.5 104.5 102.5 106.3 103.8 96.8 Topeka: Denver, Colo • Wichita, Kan Omaha, N e b . . . . . . . . . . . . Oklahoma City, Okla... San Francisco: Boise, Idaho Los Angelas, Calif.... Salt Lake City, Utah.. San Francisco, Calif.. Seattle, lash Reno, Nevada. • • •• 26 98.6 103.6 100.4 103.6 101.0 102.8 101.9 102.1 103-4 97.9 95-4 95.0 102.8 102.5 101.9 102.3 103.8 99.4 97.0 96.3 102.5 102.3 102.8 104.3 106.2 99.0 98.9 95-3 102.8 102.1 103.6 105.5 106.5 99.0 98.7 95.4 102.7 101.5 103-3 105.5 Table 27.—Indexes of building costs for the standard frame house in representative cities, 1 9 3 6 1946—Continued [1935-1939=100] 1943 1942 F e d e r a l Heme Loan Bank D i s t r i c t and C i t y I II III IV I II III IV I II 1946 1945 1944 III IV IV I 136.5 152.4 133.2 I24.4 I4I.4 136.8 152.5 133.4 127.1 141.8 136.8 152.5 133.6 127.1 I42.4 137.3 152.5 133.6 127.1 142 = 7 137*9 153-5 134.2 128.0 146.0 137-5 153.8 137.9 129.5 147.6 I45.2 161.9 151.4 149.4 145.2 163.9 151.6 147.1 II III III IV 144.1 164«8 I4O.6 132.9 151.4 147.4 169.9 147-1 136.9 159-4 156.2 179.2 157.3 139.8 165-4 158.6 171-4 157.4 159.7 149.2 149.6 161.1 151.6 166.0 175-4 I II Boston: H a r t f o r d , Conn P o r t l a n d , MaineBoston, Mass M a n c h e s t e r , N« H P r o v i d e n c e , R. I . . . . . . 128.6 121.4 123.8 108.0 119.8 128.6 122.9 123.9 IO8.4 120.7 128.5 124.8 125.8 108.7 120.7 128.4 127.7 125.9 108.7 120.7 128.2 129.8 128.3 314.1 I24.O 128.2 134.7 126.9 114.3 128.7 130« 3 HO.9 128.6 115.4 132.3 134.5 144.6 130.2 116.2 135.6 134.6 146.7 130.5 118.1 136.2 135.1 348.2 132.8 120.0 138.6 135.2 151.4 133.2 124.2 139.7 139-7 136.5 124.6 123.7 138.8 137.0 123.2 125.4 138.9 146.3 130.9 128.2 138.9 153.9 134.2 128.1 138.1 155.5 130.2 128.2 137.3 156.1 130.4 130.8 136.4 149.7 137.6 130.2 135-6 149.7 140.6 134.7 138.6 154-5 140.6 135.8 140.7 157-1 140.4 140.0 143.6 159.3 143.8 I42.I 144-6 143.2 159.7 148.0 144.6 131.0 135.0 118.6 115.9 129.7 137.6 119.5 119.1 129-7 138.5 126.1 121.3 129.7 138.3 127.0 121.3 I29.2 138.8 130.7 121.1 129.2 I46.2 133.5 121.3 130.0 145.7 131.9 121.3 130.8 148.3 131.9 121.6 133.4 148.5 133.5 121.6 134.2 150.0 134.0 132.3 134.9 149.7 134.2 133.1. 134.9 15ia 135.0 134.2 134.9 151.4 335.0 134.2 136.2 151.9 135-2 134.1 137.0 158.3 136.4 135*4 137.9 161.1 138.9 336.1 138.5 170.0 139-6 136-3 141.6 172.9 I4O.9 150.5 143.1 176.5 I46.9 157.4 154-9 187-4 152.7 166.0 115.7 125.0 120.4 127.1 113.9 115.8 127.4 122.7 128.7 115.1 115.9 126.7 122.7 128.7 116.Q 115.9 127.0 125.1 127.8 117.4 115.6 131.2 130.1 132.4 118.4 118.8 133.4 130.1 141.3 120.7 121.6 134.5 134.8 142.7 123.0 124.0 138.9 137-7 I46.4 125.5 126.0 139.1 140.3 147.2 127.3 126.5 341.4 142.5 148.8 130.2 328.4 ,128.5 I 4 2 . 8 143»3 I43.8 146.4 148.8 1 5 0 . 1 130.2 133.1 128.5 I44.4 145.8 150.2 133.5 127.4 I44.5 145-7 150.5 133.5 127.4 144.5 348.3 152.7 133.8 127.6 150.4 151.7 155-8 135-9 132. G 153.1 153.5 156.8 136-7 135.6 159.2 158.0 162.7 145.8 339.9 169.7 160.8 179.6 151.8 154.7 174.6 180.8 191.7 160.3 112.8 111.1 125.1 115.8 114.9 113.1 127.1 117.9 116.4 H4.3 127.3 118.6 118.4 116.7 128.1 118.9 119.9 119.1 128.3 120.1 121.2 121.8 128.9 120.1 122.0 124.2 138.5 121.7 126.2 130.7 142.3 133.7 126.5 131.2 139.5 134.4 133.7 133.9 142.6 134-4 134.3 I42.6 135.3 134.7 134.6 147.8 135.6 135.2 137.7 147.9 136.0 136.3 138.2 I47.5 136.9 135.7 138.3 148.1 137.7 138.4 138.2 149.2 139.9 L42.9 L40.1 145-9 L41.3 I46.O 141.0 147.0 I4I.6 148.9 146.1 159.6 147.3 152.1 152.2 L63.1 154-1 114.0 119.6 118.2 123.3 118.8 122.6 I 2 4 . 3 125.6 121.2 126.5 121.6 128.8 121.3 129.8 126.0 142.1 133-9 147.7 134.2 149.6 136.6 152.6 137.3 152.1 138.1 152.3 139.5 152.9 I4O.5 153-6 I 4 I . 6 141-7 153-4 156.3 I42.7 160.7 146.5 162.7 148.2 171.1 106.7 120.7 106.7 124.4 108.9 108. 9 131.6 132.0 109.1 131.5 109.5 131.5 110.3 133.9 111.3 137.9 U2.3 141.3 112.0 I42.3 112.0 142.1 112.4 I42.4 II2.4 I42.3 112.6 144.4 115.3 I45.8 117.2 121.8 I46.9 148.1 124.8 155-1 130.2 159.6 134-9 166.0 113.8 120.2 111.5 117.4 115.2 125.1 115.8 1194 116.7 126.2 117.5 124.2 116.7 120.7 118.8 124.7 116.3 120.6 121.1 I24.3 116.1 120.6 122.3 126.2 116.1 118.8 122.3 126.2 116.0 119.0 122.4 126.5 118.3 119.2 123.9 127.7 118.4 123.1 124.7 127.7 121.1 122.7 125.1 130.4 120.9 124.4 125.7 130. s 120.7 126.4 126.7 130.8 120.8 126.9 128.3 131.9 120.8 132.9 127.8 133.0 121.4 I49.5 128.1 133.1 121.5 150.3 128.1 133-8 1 2 2 . 7 324.9 148.8 U61.8 129.5 134-4 135-9 143.8 I4O.4 164-9 137.8 348.7 127.9 128.5 122.6 116.6 119.5 128.5 128.9 122.7 117.6 116.1 135.0 131.9 122.7 117.7 115.9 135-0 131-9 122.7 117.5 116.6 134.6 131.3 123.4 II7.O 116.2 134.7 131.3 123.5 117.7 116.2 135.0 131-4 123.9 118.7 116.5 135.4 138.4 129.2 130.9 121.5 135.4 141-3 132.3 133-8 123.1 137.6 I4I.2 136.8 133.9 123.6 138.1 141.2 137.2 130.9 126.7 138.5 141.7 137.2 132.0 126.8 138.4 141.9 137.2 134-7 126.4 139-0 141.9 139.0 132.0 126.3 138.8 141.9 139.2 132.3 126.8 I40.9 I42.7 I4I.I 132.5 328.6 I42.3 343.1 141.6 133.9 132.3 145.4 150.2 I4I.7 137.6 135.5 154-9 155.2 148.6 348.6 138.1 163.1 160.5 156.8 152.2 I46.5 112.4 124.4 124.2 125.4 112.2 125.5 125.5 127.7 113.4 126.5 126.5 131.8 112.9 127.5 126.7 132.2 112.9 127.5 126.4 133-0 112.9 129.0 126.3 133.3 315.9 129.1 126.4 144.3 319.6 131.9 129.6 147.1 120.1 133.2 131.2 148.2 122.5 134.4 133.3 149.4 122.8 135.7 134-0 349.4 325.3 135.9 134.5 151.3 128.0 135.9 136.3 151.3 128.2 136.7 137.3 151.4 127.3 136.3 137.3 151.5 129.1 137.3 139-9 153.3 332.1 138.1 140.5 162.3 136.5 140.2 I42.4 165.2 141.8 I44.I 152.3 175.1 147.0 151.6 155-6 180.4 126.0 111.8 120.1 128.1 120.1 121.6 122.1 118.2 126.0 111.8 127.0 129.9 120.1 133.1 118.5 138.5 U6.5 323.3 328.4 131.9 124.6 136.8 318.0 340.9 148.2 126.8 134.5 133.7 127.5 138.1 122.3 343.4 150.9 129.7 135.8 138.9 133.0 138.1 122.4 143.4 151.4 129.1 136.3 138.9 133.0 New York: Newark, N. J Albany, N. Y B u f f a l o , N. Y Pittsburgh: Wilmington, Del P h i l a d e l p h i a , Pa P i t t s b u r g h , Pa C h a r l e s t o n , Vf. Va Winston-Salem: Birmingham, Ala B a l t i m o r e , Md Cincinnati: L o u i s v i l l e , Ky C i n c i n n a t i , Ohio Indianapolis: I n d i a n a p o l i s , Ind D e t r o i t , Mich Chicago: Des Moines: F a r g o , N. D Sioux F a l l s , S. D L i t t l e Rock: L i t t l e Rock, Ark New O r l e a n s , La Jackson, M i s s . . . . . . . . . Albuquerque, N. M Houston, T e x a s . . Topeka: Denver, C o l o . . . . . . . . . . Oklahoma C i t y , O k l a . . . San F r a n c i s c o : P o r t l a n d , Ore Los Angeles, C a l i f . . . . S a l t Lake C i t y , U t a h . . Saa F r a n c i s c o , C a l i f . . S e a t t l e , wash Reno, Nevada 121.2 110.3 113.6 114-9 118.3 119.0 122.7 116.1 126.2 112.9 115.1 120.3 119.6 121.6 123.8 117.5 125.9 III.4 133-9 130.9 119.7 126.4 111.5 133.0 132.9 122.8 126.9 311.5 132.6 133.5 122.9 127.2 312.5 132.0 Ltf..6 122.3 122.1 124.4 119-9 119.2 126.6 120.6 131.0 320.7 132.5 319.9 137.1 322.0 I4O.9 348.9 126.8 134-5 134.6 133.0 139.1 122.0 I43.6 15L3 129.7 135.8 138.9 132.9 138.9 322.3 141.5 151.9 329.5 136.1 139.6 133-1 138.9 121.9 142.4 153.7 130.4 136.5 135.3 133.5 138.9 138.9 121.9 122.9 342.5 151.5 153-7 1 6 1 . 4 130-5 1 3 2 . 0 138.4 I 4 I . I 135.7 137.9 130.8 133.9 141.2 124.8 159.7 169.3 138.2 147.0 I42.9 143.0 343.8 128-9 168.8 173.0 I4I.5 151.4 347.5 150.7 27 Table 28.—Indexes of building costs and other significant economic factors, 1 9 2 0 - 1 9 4 6 [1935-1939=100] Nonfarm 1 - 4 2family home building (private) Tear and month Nonfana foreclosures •••• •< • • • • 1946.... January February. March April May June. July.. August.... September October..*.. November. December... < • •< .......< p Preliminary 28 Material 98.1 99.1 102.7 100.8 99.4 95.1 96.4 104.5 102.6 101.5 95.8 97.1 105.6 101.5 100.0 113.5 138.0 174.5 100.2 105.2 116.5 103.2 113.1 122.4 102.1 111.0 120.4 112.0 111.4 103.7 100.8 104.4 90 96 95 99 110 99.0 100.9 98.7 98.8 105.2 122.9 125.4 126.4 124*0 122*6 122.5 95.6 123.4 158.4 160.8 146.7 157.8 111.5 67.9 51.8 56.4 100.4 88.4 79.7 86.0 96.2 95.5 77.4 65.1 78.7 94.1 91 75 58 69 75 91.6 77.3 65.7 72.7 84*9 109.2 92.3 70.6 68*9 78.8 119.4 108.7 97.6 92.4 95.7 65.5 88.5 97.1 114.5 134.4 145.7 118.1 96.5 75.5 64.3 70.5 94.4 112.1 99.7 123.3 95.3 96.8 106.3 100.8 . 101.1 91.1 96.9 111.0 97.3 103.8 87 103 113 89 109 90.5 98.3 107.9 91.8 102.0 87.2 101.3 107.7 98.5 105.4 162.6 192.4 92.6 48.4 37.6 27.0 149.9 172.3 131.3 105.9 115.2 123.0 114.6 136.4 148.1 125 162 199 109.7 134.7 157.1 1940 19a 1942 • Total 113.6 111.7 105.7 105.1 106.5 1935 1936 1937 1938 1939 ••••• Standard house building costs price index 202.5 228.0 236.9 2 a .5 223.9 87.8 71.7 42.9 27.8 39.1 1945 Income payments to individuals 143.3 127.7 119.7 121.9 122*2 43*4 58.0 73.9 85.9 January... February. March. April. May June........ July August September October. Horember Manufacturing 106.3 81.4 90.0 103.0 95.7 250.0 208*5 169.6 176.3 125.9 January. February March April May June*•«»••••••••»»•••••••••< July.. August • September October Horember. December. • Industrial production 75 58 73 1925 1926. 1927 1928 1929 1930 1931 1932. 1933 1934- 1944- Wholesale price of lumber 184.0 99.0 110.4 124.5 110.6 77-5 132.4 199.9 235.9 242.5 1943 Wholesale price of building materials 167.6 108.8 108.6 121*4 114*2 1920. 1921 1922 1923 1924. January. February.•••••••••»••.•••••« March. April May June..**.. ...... July August September. • .,.. October Horember December. Mortgage lending by a l l s. &1. ass'ns. 52.8 I6.4 148.0 124.4 157.5 239 181.3 213.0 123.6 127.0 123.7 32.1 • 36.0 53.4 52.8 66.3 61.2 58.4 63.5 55.0 58.2 51.7 45.2 42.9 21.0 18.8 17.6 18.3 16.9 16.1 15.9 14.9 15.6 13.7 14.3 13*6 118.1 123.7 133.9 133.9 132.9 142.3 156.0 159.9 173.0 158.9 167.7 165.4 122.6 123.1 123.3 123.2 123.4 123.5 123.6 125.3 125.6 125.8 126.3 126.6 150.3 151.9 152.2 152.3 153.8 154.6 155.6 161.5 163.3 163*8 164-7 164*8 227 232 235 237 239 237 240 242 244 247 247 2a 176.7 176.8 177.9 179.3 180.9 184*1 186.2 184*1 180*3 181.0 183.7 184*1 199.6 203.5 206.9 208.8 209.4 212.8 214.8 216.7 216.8 219*3 222.9 224.7 120.7 121.0 122.8 124.1 125*1 124.8 123.9 123.4 123.9 124.4 124.2 124.4 124.4 124.9 125.1 125.5 126.0 126.3 126.7 127.3 127.8 129.1 130.1 131.0 121.3 121.5 121.7 121.9 122*4 122.6 123*1 123*8 124.5 126.1 127.2 128.1 11.2 181.8 129.0 170.7 235 175.8 233.3 125.5 134.1 131.2 45.7 42.3 51.0 47.0 51*8 56.5 47.6 40.4 35.6 36.2 33.6 27.6 11.7 13.7 12.7 10.0 10.9 11.4 10.3 9.8 11.2 10.2 11.4 10.9 165.3 191.7 178.3 166.3 175.3 183.9 175.1 188.9 189.2 186.6 192.6 188.4 126.7 126.9 127.5 128.6 129.2 129.4 129.4 129.5 129.5 129-5 130.0 130.0 164.9 165-8 168.5 171.6 172.3 172.3 172.4 172.5 172.1 171.7 171.7 171.8 243 244 185.2 182.5 179.5 177.6 177.3 177.8 177-6 174.6 169.6 168.2 169.4 171.8 227.2 232.4 231.9 231.1 232.1 233.9 233.2 234-0 232.5 235.5 237.5 239.0 124.2 123.8 123.8 124*6 125.1 125.4 126.1 126.4 126.5 126*5 126.6 127.0 131.7 132.1 132.6 133.2 133.7 134*1 134.3 134.7 135.0 135-3 135.9 136.0 128.8 129.4 129.8 130.4 130.9 131-4 131.6 132.1 132.2 132.2 132.4 132.5 72.8 9.2 239.1 131.5 172.7 203 154.8 239.3 128.4 137.4 133.8 26.9 28.8 44.6 48.6 64.7 79.5 74.9 78.3 84*6 113.7 121.1 107.4 9.3 11*4 10.8 9.1 9.1 10.0 8.3 8.9 8.5 8.2 9.0 7.9 208.8 207.1 217.2 208.5 215.7 218.6 224.7 236.6 228.6 271.0 322.4 318.2 130.4 130.6 130.8 130.8 131.0 131.1 131.2 131.5 131.8 132.1 132-5 133.4 171.7 171.9 171.8 171.7 172.5 172.5 172.7 172.9 172.6 172.8 173.2 175.7 234 236 235 230 225 220 210 186 167 162 166 163 174.7 173.0 170.9 168.8 167.3 165.2 160.8 153.9 130.4 129.6 131.8 133.6 2a.9 245.2 244.1 242.3 2a.9 244.6 243.4 236.0 229.0 231.4 235.7 234.1 127.1 126*9 126*8 127.1 128.1 129*0 129*4 129.3 128*9 128.9 129.3 129.9 136.1 136.3 136.7 136.8 136.9 137.0 137.2 137.4 138.0 138.5 139.1 139.3 132.5 132.8 133.1 133.2 133.4 133.5 133.8 133.9 134.1 134-6 135.0 135.2 216.1 7.7 448.1 148.1 198.7 pl70 144*8 245.8 139.3 147.8 144.1 7.8 8.3 7.5 7.1 6.7 6.3 6.8 7*0 7.4 9.7 8.6 442.5 440.5 460.8 465.2 477.9 426.0 456.7 442.0 435.9 450.1 441.7 430.0 134.0 135.0 139.5 176.5 178.3 186.6 190.9 192.1 196.0 197.4 197.8 198.4 199.2 213.9 253.0 160 152 168 165 159 170 172 178 180 182 183 182 137.8 142.5 134.6 141.6 143.7 146.5 I48.4 150.0 149.1 149.3 153.5 156.1 233.5 231.7 234.7 236.4 239.7 240.9 250.6 252.1 246.6 254-5 259.2 261*6 129*9 129.6 130.2 131.1 131.7 133.3 141.2 144.1 145.9 148.6 152.2 153*3 139*7 140.3 I4I.0 142.1 143*6 145.7 147.7 149.8 151.8 154.0 156.7 159.8 135.5 136.3 137.1 138.0 139.2 148.9 167.3 293.0 275.1 263-3 226.4 233.5 238.4 218.7 220.4 176.9 131.7 ia.3 142.7 145.1 147.5 148.2 149.4 150.5 162*5 176*2 2a 239 236 235 230 232 230 232 232 232 ia.6 143.7 146.1 148.0 150.3 153.6 158.6 Labor Explanatory Notes Page 3 Page 8 FHLB ASSETS AND LIABILITIES: Compiled by the Bank Operations Section, FHLB A, from reports of the 11 FHL Banks. For comparative purposes, advances outstanding from the end of 1934 through 1937 have been adjusted for prepayments not actually credited on the dates indicated. Investments in Government securities are shown at par instead of book value. The table presents selected combined balance sheet items at the end of each year from 1933 through 1946. A breakdown of the assets of the individual Banks is shown as of December 31,1946. (See REVIEW, Table 12.) FHLB ADVANCES: Compiled by the Bank Operations Section. The ability of the FHLB System to serve as a credit reservoir for its member institutions is best demonstrated by the volume of FHL Bank advances. Table 2 shows, by months, the amount of new advances made, repayments on old balances adjusted to include prepayments, and adjusted balances of advances outstanding at the end of each year from 1933-1936. (See FLOW OF SAVINGS IN SAVINGS AND LOAN ASSOCIATIONS: Compiled by the Operating Analysis Division. Estimates based upon monthly reports of cooperating savings and loan associations. Approximately 3,000 Federal and state-chartered members and nonmember associations, whose combined assets represent about 83 percent of the total assets of all savings and loan associations^ are included in the sample upon which these estimates are based. Table 8 shows new private investments, withdrawals, and net inflow of savings for associations grouped by member, insured, and uninsured institutions as well as for all savings and loan associations. (All except four of the insured associations are FHLB members.) The withdrawal ratio is derived by expressing the amount of withdrawals for the month or year as a percent of new investments. The ratio may exceed 100 percent if there is a net decline in savings for the period. Figures will not necessarily add to totals because of rounding; ratios computed before rounding. (See REVIEW, Table 14.) REVIEW, Table 12.) Page 9 Pages 4 and 5 FHLB MEMBERS: Compiled by the Operating Analysis Division, from interim reports submitted by Bank System members. Asset figures in 1946 for Tables 3 and 4 are from tabulations made shortly after the end of the year. Since these were based on latest data available, asset figures will be revised to agree with totals compiled later from regular annual reports. Table S presents 1946 year-end data, by type of member institution, by District and by state. Table 4 shows the progress of FHLB membership from 1933 through 1946. (Current data are published quarterly in the REVIEW, beginning with March.) Table 5 presents selected balance sheet data for all reporting savings and loan members from 1936-1945. Figures are obtained from the annual reports submitted. Pages 6 and 7 INSURED ASSOCIATIONS: Compiled by the Operating Analysis Division, from the monthly reports 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. (See REVIEW, Table 13.) ALL OPERATING SAVINGS AND LOAN ASSOCIATIONS: Compiled by the Operating Analysis Division. Table 7 presents selected statistics for all operating savings and loan associations for the period from 1922-1946. These data are compiled from the annual reports of FHLB member associations and of state savings and loan supervisory authorities. Resources of institutions in liquidation are not included in these figures. Data for 1946 are preliminary estimates. SAVINGS IN SELECTED MEDIA: Compiled by the Operating Analysis Division. Data are confined to savings of individuals in selected media for the accumulation of longterm funds, and do not purport to cover the entire field of savings. Figures for savings and loan associations include the private share investments, excluding pledged shares. The equity of policyholders in life insurance companies is based on the estimated reserves, unpaid dividends, dividends left to accumulate and surplus to policyholders, less premium notes, policy loans and net deferred and unpaid premiums. Source: The Spectator, Chilton Company, Inc., Philadelphia, Pa. Deposit information about mutual savings banks was obtained from reports of the Comptroller of the Currency and the National Association of Mutual Savings Banks. Data for commercial banks include only savings in insured banks evidenced by passbooks. Figures for 1942 through 1946 are estimated by the FHLB A from total time deposit figures obtained from Federal Deposit Insurance Corporation. Postal savings totals are reported by the Post Office Department and include outstanding principal and accrued interest on certificates of deposit, outstanding savings stamps and unclaimed deposits. Data for postal savings bonds exclude such bonds held by the Postal Savings System. U. S. Savings bonds figures represent current redemption value of war savings securities issued from 1920-1928, Series A-D bonds issued from 1935-May 1941; since May 1941, Series E war bonds. The source for these data is the Treasury Daily Statement. SAVINGS FACTORS IN THE NATIONAL ECONOMY: Compiled by the Department of Commerce. This table shows the sources of income payments to individuals and also the disposition of this income as between taxes, ex- 29 penditures and the amount available for savings. The totals of income payments to individuals differ from the series on national income in that they exclude income accruing to individuals but not received by them (undistributed profits and contributions to social insurance funds), and include transfer payments which are not rewards for current economic services. The income payments series is significant for measuring the dollar purchasing power of individuals inasmuch as when personal taxes are deducted this series provides the total of the dollars available for expenditures and savings. (See explanatory notes for Page 28 on the index of income payments to individuals.) Pages 1 0 , 1 1 , 12 and 13 SAVINGS AND LOAN LENDING: Compiled by the Operating Analysis Division, from monthly reports of cooperating savings and loan associations. Approximately 3,000 Federal, state-chartered member and nonmember associations, whose combined assets represent about 83 percent of the total assets of all savings and loan associations, are included in the sample upon which these estimates are based. Table 11 shows a breakdown of total new mortgage loans made, by purpose of loan, and classified by Federal, insured, member and nonmember associations as well as the combined total for all savings and loan associations. There is some over-lapping in classifications, as all Federal associations are insured and all "but four insured associations are FHLB members. Table 12 provides a geographical breakdown of lending activity showing the volume of new loans for all savings and loan associations, by purpose of loan, in each FHLB District from 1936 through 1946. (See REVIEW, Tables 6 and 7.) Table 13 gives state-by-state as well as Bank District totals of mortgage lending but is limited to the activity of all insured savings and loan associations, for the years from 1942 through 1946. Page 14 NONFARM HOME MORTGAGE DEBT: Compiled by Operating Analysis Division. Estimates based on studies and reported statistics of various types of mortgage lending institutions. Data are confined to loans on 1to 4-family homes and do not include mortgage loans on farm or commercial properties. The category "individuals and others" includes fiduciaries, real estate and bond companies, title and mortgage companies, philanthropic and educational institutions, fraternal organizations, construction companies, RFC Mortgage Company and others. Data obtained from a variety of sources, including: (1) estimates for all operating savings and loan associations, prepared by Operating Analysis Division; (2) mortgage and real estate investments of life insurance companies from special reports submitted to the Operating Analysis Division by companies holding 95 percent of the assets of all legal reserve life insurance companies; (3) the nonfarm mortgage recording series prepared by the Operating Analysis Division; (4) financial statements of the HOLC; (5) combined balance sheets for all active com- 30 mercial and mutual savings banks prepared by the Comptroller of Currency; (6) Census of Housing, 1940, prepared by the Bureau of the Census; (7) reports of the Federal Housing Administration; and other miscellaneous financial data. Table 14 also shows estimates of the total amount of new mortgage loans made by the various lenders during each year, as well as the amount of outstanding debt held. REAL ESTATE OVERHANG: Compiled by the Operating Analysis Division. Table 15 indicates the amount of residential real estate owned by the various types of mortgage financing institutions, and is prepared from approximately the same sources as used in the home mortgage debt series above. The estimates do not include properties owned for investment purposes. NONFARM REAL ESTATE FORECLOSURES: Compiled by the Operating Analysis Division. The statistics in Table 16 represent the estimated number of foreclosures in the United States in all nonfarm areas. They are based on data reported monthly from approximately 1,500 counties, cities, townships, or other governmental divisions, and measure the number of properties acquired monthly through foreclosure proceedings. Approximately 65 percent of all nonfarm dwellings are included in the sample used. (Current data are published quarterly in the REVIEW.) Pases 15, 18, 19, 20 and 21 NONFARM MORTGAGE RECORDINGS: Compiled by the Operating Analysis Division, from monthly reports prepared by cooperating institutions. The coverage on which final estimates are based includes approximately 500 areas containing about three-fifths of the total nonfarm population. To relate these data as closely as possible to home financing operations, only mortgages of $20,000 or less are counted. It should be noted, however, that the totals do include mortgages on other than residential properties. Since almost every mortgage is recorded, the series provides an adequate means of determining the role being played by various types of lenders. Summaries are made on the basis of the originating mortgagees, and for this reason assignments of mortgages are not reflected in the series. To the extent that certain lenders (e. g., insurance companies) purchase mortgages originated and recorded by other lenders (e. g., mortgage companies), the recording statistics may overstate or understate the importance of a particular type of lender as the ultimate source of mortgage credit. It should also be pointed out that mortgage recording data are not directly comparable with estimates on home mortgage lending presented in Tables 11, i&, 18, and 14. The periods covered are 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 lending figures. Tables 17 and 18 show, respectively, the estimated number and amount of mortgages recorded throughout the United States by each type of lender from 1939 through 1946. These tables also show the relationship of the business done by each type of mortgagee to the total volume of business for any given period. (See REVIEW, Table 9.) Table 19 provides a detailed summary of the annual recordings made by each type of mortgagee during 1941, 1944, 1945 and 1946 by Federal Home Loan Bank District and by state. The percentage figures relate to the share of the total mortgage recording business accounted for by each type of lender in a given area. (See REVIEW, Table 8.) Pases 22 and 23 RESIDENTIAL CONSTRUCTION: Compiled by the Bureau of Labor Statistics. Data are taken from reports on building permits issued for private construction received from approximately 4,500 cities, towns, and minor civil divisions. Statistics on public construction are based on contracts awarded. (Note: these permit figures should not be confused with the Federal permit system inaugurated in December 1946 to replace the priorities rating structure. Such permits are issued by regional FHA offices.) Table 20 presents the number of new dwelling units provided in all nonfarm and urban areas by years from 1920 to 1942, and by months and years for the period from 1943 to 1946. Estimates for years prior to 1930 were made by the National Bureau of Economic Research. To bring residential construction statistics closer to the actual operations of savings and loan associations, Table 21 provides state and Bank District totals on the number of new residential units in all nonfarm areas of the United States. Private construction for 1946 is further broken down to show the number of 1- and 2-family dwellings— the type accepted as security for the majority of mortgage loans made by these institutions. (See REVIEW, Tables 1 and 2.) Pa3e 24 FHA ACTIVITY: Compiled by the Research and Statisitcs Divisiony FHA. The tables on this page summarize the operations of the Federal Housing Administration in the field of home mortgage finance since its creation in 1934. Table 22 shows the yearly volume of mortgages insured by the FHA from 1935 to the present, with adjustments for insurance terminated and the amount of original principal amortized to arrive at the estimated net insurance outstanding. Table 23 presents the monthly volume of loans which became premium paying (i. e., actually in effect) from 1935 through 1946. The various Titles indicate the part of the National Housing Act under which they were processed. Not all Titles have been in effect during the entire period. All data are for mortgages on 1- to 4-family houses. Figures represent the gross insurance written during the period and do not take account of principal repayments on previously insured loans. Totals may not necessarily add because of rounding. (See REVIEW, Table 11.) Table 24 shows the amount of insured mortgage holdings of the various types of mortgagees; however, the totals are based on the original face amount of the instruments and therefore do not take amoritization into account. Figures do not include terminated mortgages nor cases in transit to or being audited by the FHA. Only mortgages on 1- to 4-family homes under Titles II and VI are counted. The Federal agency classification includes the RFC Mortgage Company, Federal National Mortgage Association and the Federal Deposit Insurance Corporation Page 25 Gl HOME LOANS: Compiled by the Loan Guaranty Division, Veterans Administration. Table 25 shows a geographical breakdown of home loans approved for insurance or guaranty under the Servicemen's Readjustment Act through December 25, 1946. Totals are compiled from local office reports, and in some instances the territory served by a local office overlaps state boundary lines. For this reason, the state totals can only be considered approximate. Table 26 indicates the cumulative record of activity in GI home loans from Jvme 1945 through the end of 1946. Weekly reports of the Veterans Administration were later replaced by reports issued as of the 25th of each month. (See REVIEW, Table 10.) Pages 26 and 27 SMALL-HOUSE BUILDING COST INDEX: Compiled by Statstics and Analysis Branch, Office of the Administrator, NHA. This index is designed to measure the changes in the cost of constructing a standard frame house and to provide a basis for studying the trend of costs within an individual community or in different cities. The index reflects price changes in the more important material items used in small-home construction and in wage variations in the major housebuilding trades. It does not attempt to evaluate some important factors which influence cost trends, such as variations in labor efficiency, changing building practices and the introduction of new materials, tools and techniques. Nor does the index reflect the hid den increases in costs occasioned by the shortage of build ing materials which had the effect of lengthening the time required to complete a house. Contractors in many instances during the months preceding the end of price control purchased some of the scarcer building items on the black, market, or at distant points involving increased shipping costs. It was impossible to get an estimate of the extent of this practice or of its effects on building costs. There is reason to believe that with the elimination of price controls the index will show a sharp rise in the early part of 1947. This rise would consist not only of actual increases during this period but the de facto increases that took place in the latter half of 1946 though not reflected in the legal prices prevailing then. Current material prices are furnished by the Bureau of Labor Statistics, based on information from a group of dealers in each city who report on prices delivered to job site, in average quantities, for private residential construction. Since 1942 some of the regular material items have not been available. In these cases substitute items were priced and appropriate adjustments made in the calcula- 31 tions. As materials of original specification return to the market, they are reintroduced into the series. Labor costs are based on average hourly earnings for the various building trades engaged in residential construction, and include overtime or bonus pay on a prorated basis. Depending upon the prevailing practice in the community, union or non-union rates are used. The individual cities are reported once each quarter in the REVIEW. Cities in the Boston, Winston-Salem, Chicago and Topeka Federal Home Loan Bank Districts appear in January, April, July and October; those in the New York, Indianapolis, Des Moines and San Francisco Districts, in February, May, August and November; and those in the Pittsburgh, Cincinnati, and Little Rock regions in March, June, September and December. (See RE VIE W^ Table 5.) TABLE OF INDEXES: All indexes have been placed on a comparable basis of 1935-1939=100; all conversions prepared by the Operating Analysis Division, FSLIC. Current data for most of the following indexes may be found in the Monthly Survey Section of the REVIEW. HOME BUILDING: Compiled by the Operating Analysis Division. The index is based on the Bureau of Labor Statistics series of building permits for privately financed 1- and 2-famiiy units in all nonfarm areas of the United States. The index is adjusted for seasonal fluctuations and reveals essential movements in the volume of home building of the type most usually financed by institutions of the savings and loan types. Basic figures appear in Table 20. (See explanatory notes for Page 22.) NONFARM FORECLOSURES: Compiled by the Operating Analysis Division. This index, adjusted for seasonal variations, is based on the data appearing in Table 16, which shows the number of nonfarm foreclosures. (See explanatory notes for Page 14.) SAVINGS AND LOAN MORTGAGE LENDING: Compiled by the Operating Analysis Division. The index is adjusted for seasonal variations. Basic data for the index appear in Tables 11 and 12. (See explanatory notes for Pages 10-13.) WHOLESALE PRICES FOR BUILDING MATERIALS: Compiled by the Bureau of Labor Statistics on an original base of 1926=100. The index is one of the 10 major classifications included in the monthly price series based on about 850 commodities, prepared by the Bureau of Labor Statistics. The composite building material index does not pertain strictly to home building but provides the best available guide to the fluctuations in wholesale prices of materials which loom large in the construction of residential structures. The BLS wholesale price data, for the most part, represent prices in primary markets. (See REVIEW, Table 3.) 22 WHOLESALE PRICES FOR LUMBER: Compiled by the Bureau of Labor Statistics, on an original base of 1926= 100. This index is one of the components of the wholesale price index for all building materials. In all, about 45 different lumber items are included. Because of the important bearing of the lumber factor on the total cost of the typical single-family home, price fluctuations shown in this series are of particular significance to home financing institutions. (See REVIEW, Table 3.) INDUSTRIAL PRODUCTION: Compiled by the Division of Research and Statistics, Board of Governors of the Federal Reserve System. The index is an over-all measure of change in the physical volume of production of manufactures and minerals; it does not cover other types of goods and services nor reflect changes in prices. It is derived from 100 individual series—16 groups of manufacturing industries and two groups of mining industries. MANUFACTURING EMPLOYMENT: Compiled by the Bureau of Labor Statistics, on an original basis of 1939= 100. The index is adjusted for seasonal variations by the Operating Analysis Division, FSLIC. INCOME PAYMENTS TO INDIVIDUALS: Compiled by the Bureau of Foreign and Domestic Commerce, U. S. Department of Commerce and adjusted for seasonal variations. This index is based on estimates of income received by individuals from salaries and wages; dividends and interest; direct or other relief payments; social security benefits; payments to veterans; and other labor income, entrepreneurial income, net rents and royalties. The index is useful primarily in indicating the dollar volume of income payments. Because it does not reflect changes in the basic price levels, this index does not provide a measure of the purchasing power of a given income. (See explanatory notes for Page 9, on savings factors in the national economy.) CONSUMER PRICES: Compiled by the Bureau of Labor Statistics. This index reflects changes in the cost of goods and services purchased by moderate income families in large cities. Food prices are collected in 56 cities, and data on rentals and prices of clothing, house furnishings, and miscellaneous goods and services are obtained in 34 cities. It was formerly called the "cost-of-living" index. BUILDING COSTS FOR THE STANDARD HOUSE: Compiled by Statistics and Analysis Branch, Office of the Administrator, NHA. This is the combined index for all cities included in Table 27, and is based on a three months' moving average of the costs for the individual cities. (See explanatory notes for Pages 26 and 27.) The index for total costs is shown as well as indexes for both the materials and labor components. (See REVIEW, Tables 4 and 5.) U. S. GOVERNMENT PRINTING OFFICE O — 1 9 4 7
@FedFRASER