View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

74TH CoNGREss

}H O U S E

OF REPRESENTATIVES

1st Session

( DoCUMENT
No. 215

RE POR T OF RECONSTRUCTION FINANCE CORPORATION

FOR FIRST QU ARTER OF 1935

L E T T E R
From:

TH E CHA IRMA N A N D SECRETARY OF T HE R E
CONSTRUCTION FINANCE CORPORATION
**

T B A N s MITTING

A REPORT OF THE operations of THE CORPORATION FOR THE
FIR ST Q U A R T E R O F 1935, A N D

FOR T H E PERIOD F R O M T H E

ORGANIZATION OF T H E CORPORATION O N F E B R U A R Y 2, 1932,
T O M A R C H 31, 1935, INCLUSIVE

JUNE 4,1935.-Referred tothe Committee on Banking and Currency and ordered
to be printed

REconstruction FINANCE Corporation,
Washington, June 8, 1935.
The SPEAKER OF THE House of REPRESENTATIVEs.

SIR: Pursuant to the provisions ofsection 15 of the Reconstruction

Finance CorporationAct,asamended, the Corporation has the honor
tosubmititsreportcoveringitsoperationsforthefirstquarterof1935,
and for the period from the organization of the Corporation on Feb
ruary 2, 1932, to March 31, 1935, inclusive.
During the firstquarter of1935, undersection5 ofthe Reconstruc
tionFinanceCorporation Act,asamended, theCorporationauthorized
249 loans. These loans, together with increases during the quarter
in loans

º .

authorized, aggregated $45,921,489.18, as follows:

$37,901,206.64 tobanks and trustcompanies (including$31,016,514.30
to aid in the reorganization or liquidation of closed banks and trust

companies); $588,524.90 to building and loan associations; $2,300 to
an insurance company; $7,317,796.97 to mortgage loan companies;

$52,400 to a joint-stock land bank; $26,760.67 to an agricultural
credit corporation; and $32,500 to borrowers engaged in the fishing
industry.

2

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

During the first quarter of 1935, under section 5c of the Recon

struction FinanceCorporationAct, asamended,which authorizes the
Corporation to subscribe for or make loans upon the non-assessable
stock of any class of any national mortgage association organized
under title III of the National Housing Act and of any mortgage loan
company, trust company, savings and loan association, or similar
financial institution, the Corporation authorized a subscription for
capital stock of The R F C Mortgage Company in the amount of
$10,000,000.

During the first quarter of 1935, under section 5d of the Reconstruc

tion Finance Corporation Act, asamended, theCorporation made 377
authorizations to industrial or commercial business.

These authoriza

tions, togetherwith increasesduring thequarterinauthorizationspre
viously made, aggregated $16,625,421.93, as follows: Loans in the
amount of $13,650,171.93; purchases of participations in the amount
of $1,715,800; and agreements to purchase participations in the
amount of $1,259,450.
During thefirst quarter of 1935, under section 5e of the Reconstruc
tion Finance Corporation Act, as amended, the Corporation author
ized 26 loansaggregating $375,102.77 on the assetsof closedbanks and
trust companies.

During the first quarter of 1935, under section 201 (d), title II, of
the Emergency Reliefand Construction Act of 1932, asamended, the
Corporation authorized increases aggregating $1,901,013.91 in loans

previously authorized, to aid in financing the carrying and orderly
marketing of agricultural commodities.
During the first quarter of 1935, under section 304, title III, of the
act approved March 9, 1933, as amended, the Corporation made 273
authorizations. These authorizations, together with increases during

thequarterinauthorizationspreviouslymade,aggregated$21,568,050,
as follows: Loans secured by preferred stock of banks and trust c o m

paniesin the amount of $561,550; subscriptions forpreferred stock of
banks and trust companies in the amount of $17,588,500; and pur
chases of capital notes or debentures of banks and trust companies in
the amount of $3,418,000.

During the first quarter of 1935, under section 36, title II, of the
Emergency Farm Mortgage Act of 1933, as amended, which e m
powers the corporation to make loans to or for the benefit of drain
age, levee, irrigation, and similar districts, etc., the Corporation au
thorized 52 loans aggregating $3,041,200.

During the first quarter of 1935, under section 14 of the act ap
proved June 19, 1934, as amended, which empowers the Corporation
to make mining loans, etc., the Corporation authorized 6 loans aggre
gating $608,000.
Summarizing the above, the Corporation, during the first quarter
of 1935, made 984 authorizations. These authorizations, together

with increases during the quarter in authorizations previously made,
aggregated $100,040,277.79. Cancelations or withdrawals during the
first quarter of 1935, of authorizations made during that quarter and
prior thereto, aggregated $35,228,201.51.
During the first quarter of 1935, the Corporation under the above
acts disbursed $143,637,828.51 and received repayments in the aggre

gate amount of $184,478,068.47. The decrease in the amount out
standing on March 31, 1935, as compared with December 31, 1934,
was $40,840,239.96.

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

3

During the entire period from the organization of the Corporation
on February 2, 1932, to March 31, 1935, inclusive, the Corporation
authorized under section 5 of the Reconstruction Finance Corporation

Act, as amended, 18,086 separate loans to 9,064 institutions, aggre
gating $4,073,783,690, as follows: $2,299,892,231.27 to 7,345 banks
and trust companies (including $965,455,856.65 to aid in the re
organization or liquidation of closed banks and trust companies);
$144,013,513.25 to 1,009 building and loan associations (including
$22,187,069.21 to receivers of closed building and loan associations);
$102,785,858.28 to 131 insurance companies; $430,650,106.78 to 389
mortgage loan companies; $622,967.80 to6 credit unions;$399,636,000
to 12 Federal land banks (including $193,618,000 representing re

financingofloanspreviously made by the Corporation to Federal land
banks for different individual amounts, but in the same aggregate
amount); $21,155,572.68 to 24 joint-stock land banks; $9,250,000 to
8 Federal intermediate credit banks; $6,040,140.31 to 20 agricul
tural credit corporations; $178,840,452.48 (rediscounts) to 12 regional
agricultural credit corporations and their branches; $14,474,962
to 20 livestock credit corporations; $457,856,080 to 71 railroads
(including $19,690,960 to 7 railroad receivers and $744,252 to the
trustee of a railroad); $26,089.27 to 7 processors or distributors who
are subject to processing taxes; $8,387,715.88 to a State fund created
for the purpose of insuring the repayment of deposits of public

moneys; and $152,000 to9 borrowers engaged in thefishingindustry.
Under section 5c of the Reconstruction Finance Corporation Act,
as amended, the Corporation from January 31, 1935, when this sec
tion was approved, to March 31, 1935, inclusive, authorized the sub

scription for capital stock of The RFC Mortgage Company in the
amount of $10,000,000.
Under section 5d of the Reconstruction Finance Corporation Act,
as amended, the Corporation from June 19, 1934, when this section
was approved, to March 31, 1935, inclusive, made 951 authorizations

to 930 industrial or commercial business concerns, aggregating
$45,770,456.93, as follows: Loans in the amount of $39,670,021.93
to 803 businesses;purchases ofparticipationsin the amount of$3,717,
260 in loans to 71 businesses; and agreements to purchase participa
tions in the amount of $2,383,175 in loans to 56 businesses.
Under section 5e of the Reconstruction Finance Corporation Act,
as amended, the Corporation from June 16, 1934, when this section
was approved, to March 31, 1935, inclusive, authorized 35 loans
aggregating $506,219.64 on the assets of 35 closed banks and trust
companies.

Under the Emergency Relief and Construction Act of 1932, as

amended, the Corporation from July 21, 1932, when the act was
approved, to March 31, 1935, inclusive, made 780 authorizations to
320 institutions, aggregating $1,513,106,500.61, as follows: Under
the provisions of section 1, title I, $300,000,000 was made available
to 42 States and 2 Territories for purposes of relief and work relief;
under the provisions ofsection 201 (a), title II, as amended, loans, or
contracts aggregating $256,097,054.86 were authorized to 182 insti
tutions for self-liquidating projects (including $10,450,000 to 6 in
stitutions for financing the repair or reconstruction of buildings
damaged by earthquake, fire, tornado, or cyclone in 1933); under the

provisions of section201 (c), title II, loans aggregating $53,370,955.22

-

4

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

were authorized to3 institutions for the purpose of financing sales in
foreign markets of agricultural surpluses; and under the provisions of
section 201 (d), title II, loans aggregating $903,638,490.53 were
authorized to 91 institutions to aid in financing the carrying and
orderlymarketingofagricultural commodities and livestock,produced
in the United States (including authorizations of$824,000,000 to the
Commodity Credit Corporation).

Under section304, title III, of the act approved March 9, 1933, as
amended, the Corporation from March 9, 1933, to March 31, 1935,

inclusive, made 8,078 authorizations for loans on preferred stock, or
for the purchase ofpreferredstock, capital notes or debentures of 6,640

banks and trust companies, aggregating $1,176,942,125, as follows:
Loans in the amount of$27,782,755,secured by preferredstock of 256
banks and trust companies; subscriptions forpreferred stock of3,925
banks and trust companies in the amount of $727,386,570; and
purchases of capital notes or debentures of 2,797 banks and trust
companies in the amount of $421,772,800.

Under section 5, title I,oftheAgricultural Adjustment Act of 1933,
as amended, the Corporation from May 12, 1933, when the Act was
approved, to March 31, 1935, inclusive, authorized 2 loans aggre

ating$23,500,000 to the Secretary of Agriculture to acquire cotton.
f this amount $20,200,000 subsequently was canceled.
Under section 1 of the act approved June 10, 1933, as amended, the
Corporation from June 10, 1933, to March 31, 1935, inclusive, made
9 authorizations to 7 institutions, aggregating $30,225,000, as fol

lows: Loans in the amount of$30,125,000 secured by preferred stock
of 6 insurance companies; and a subscription in the amount of

$100,000 for preferred stock of an insurance company.
Under section 36, title II, of the Emergency Farm Mortgage Act
of 1933, as amended, the Corporation from May 12, 1933, when the
act was approved, to March 31, 1935, inclusive, authorized 468 loans

aggregating$84,607,718.34toorforthebenefitof453 drainage,levee,
irrigation, and similar districts, etc.
Under the act approved April 13, 1934, the Corporation from April
13, 1934, to March 31, 1935, inclusive, authorized 4 loans aggre
gating $2,150,000 for financing the repair of property damaged by
-

earthquake or flood in 1933, or in January and February of 1934.
Under section 14 of the act approved June 19, 1934, as amended,
the Corporation from June 19, 1934, to March 31, 1935, inclusive,
authorized 6 loans aggregating $608,000 to6 borrowers engaged in the
business of mining, milling, or smelting of ores, etc.
Under section 16 of the act approved June 19, 1934, as amended,
the Corporation from June 19, 1934, to March 31, 1935, inclusive,
authorized one loan in the amount of $22,500,000 for the purpose of

payment of teachers' salaries; of this amount $200,000 subsequently
wa s canceled.

Summarizing the foregoing, the Corporation, during the entire

period from February 2, 1932, to March 31, 1935, inclusive, made
authorizations aggregating $6,983,699,710.52. Of the total amount
authorized, $819,499,383.21 was later withdrawn or canceled.
At the close of March 31, 1935, the Corporation under the above

acts had disbursed $5,272,718,856.71 and repayments amounted to
$2,631,551,809.97, leaving $2,641,167,046.74 outstanding on the books
of the Corporation.

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

5

In addition, the Corporation had outstanding on March 31, 1935,
agreements to make loans, subscribe for preferred stock, and purchase

capital notes or debentures, totaling $172,777,956.23, upon the per
formance of specified conditions.
Under section 84 of the Farm Credit Act of 1933, as amended, with
the approval of the Governor of the Farm Credit Administration, the
Corporation during the first quarter of 1935, authorized the reduction

of the capital of five regional agricultural credit corporations, as
follows: The Regional Agricultural Credit Corporation of Albany,
N. Y., from $650,000 to $575,000; of Baltimore, Md., from $150,000
to $125,000; of Columbus, Ohio, from $325,000 to $275,000; of Jack
son, Miss., from $250,000 to $150,000; and of Raleigh, N. C., from
$275,000 to $200,000. The Corporation, with the approval of the
Governor of the Farm Credit Administration, during the first quarter
of 1935, authorized an increase in the capital of the Regional Agri
cultural Credit Corporation of Sioux City, Iowa, from $10,025,000
to $10,350,000.

Under section 2 (a) and section 6 of the Federal Emergency Relief
Act of 1933, upon certification of the Federal Emergency Relief
Administrator, the Corporation during the first quarter of 1935, made
payments for relief aggregating $398,085, making a total of $499,650,
000 so disbursed through March 31, 1935; and disbursed $7,405.56 to
the Federal Emergency Relief Administrator for expenses necessary
to carry out the provisions of the Federal Emergency Relief Act of
1933, and received refunds of expenses previously disbursed amount
ing to $200, making a net total of $343,537.22 so disbursed through
March 31, 1935.

Under theEmergency AppropriationAct,fiscalyear 1935,approved
June 19, 1934, the Corporation during the first quarter of 1935 trans
ferred $30,000,000 to the Federal Emergency Relief Administration.
This made a total of $500,000,000 so paid through March 31, 1935.
Under the Emergency Appropriation Act, fiscalyear 1935, approved
June 19, 1934, the Corporation during the first quarter of 1935 pur
chased or agreed to purchase $13,194,300 face amount of marketable
securities from the Federal Emergency Administration of Public
Works.

Invitations to submit bids on these securities were forwarded

to banks, insurance companies, and dealers in securities, the total of
the bids accepted being $13,614,252.47, exclusive of accrued interest,
and this sum, plus accrued interest to the date of purchase from the

Federal Emergency Administration of Public Works was paid to that
Administration.

In addition, the Corporation purchased or agreed

to purchase $18,441,700 par value of bonds from the Federal Emer
gency Administration of Public Works at par to be held and collected
or sold at a later date.

The Corporation, from June 19, 1934, to March 31, 1935, inclusive,

purchased or agreed to purchase $54,685,600, face amount of market
able securities from the Federal Emergency Administration of Public
Works, which were offered for sale under invitations to submit bids.
The bids accepted for these securities amounted to $55,780,084.03,
exclusive of accrued interest, and thissum, plus accrued interest to the

dateofpurchasefrom theFederalEmergencyAdministrationwas paid
to that Administration.

In addition, the Corporation had

purchased

oragreed topurchase$20,764,450 of bonds at par to be held and col
lected or sold at a later date.

6

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

During the first quarter of 1935, the Corporation sold $30,000,000
series DA-1 notes, and $25,000,000 series DA-2 notes, aggregating
$55,000,000, to the Secretary of the Treasury.

During the first quarter of 1935, the Corporation redeemed and
canceled $45,000,000 of its series D-4 notes, and $40,000,000 of its

series DA-2 notes, held by the Secretary of the Treasury.
During thefirstquarter of 1935, theCorporation retired atmaturity

$64,093,000 of its series F notes, held by institutions from which
the Corporation had purchased preferred stock, and sold an equal
amount of itsseries H. notes, to the same institutions.

During the first quarter of 1935, the Corporation sold $2,102,500
series H. notes, to institutions from which the Corporation subscribed
for or purchased preferred stock, capital notes, or debentures.

As of March 31, 1935, there were outstanding $3,806,439,166.67
of the Corporation's notes, as follows:
Series
Series
Series
Series
Series
Series

D-1-------- $475,000, 000.00 | Series E---------- $149, 621, 666. 67
D–2-------- 1,290,000, 000. 00 Series G---------16, 000, 000. 00
D-3-------960, 000, 000.00 Series H---------85, 817, 500.00
D-4-------515,000, 000.00
DA-1.-----295,000, 000. 00
Total.----- $3,806, 439, 166.67
DA -2 --- -- 20,000, 000, 00
-

The following tables are attached hereto:
TABLE 1. Aggregate authorizations, withdrawals or cancelations, disbursements,

º

repayments, and amounts
by classes, during the first quarter of
1935, and from February 2, 1932, to March 31, 1935, inclusive.

TABLE 2. Number of new borrowers, etc., to which authorizations were made, by
States, during the first quarter of 1935.
TABLE 3. Number of authorizations, by States, during the first quarter of 1935.

TABLE 4. Number of borrowers, etc., to which authorizations were made, by
States, February 2, 1932, to March 31, 1935, inclusive.
5. Number of authorizations, by States, February 2, 1932, to March 31,

T º

1935, inclusive.
TABLE 6. Amount of authorizations, withdrawals or cancelations, and disburse
ments from February 2, 1932, to March 31, 1935, inclusive, by States.
TABLE 7. Amount of authorizations, disbursements, repayments, and amounts

outstanding from February 2, 1932, to March 31, 1935, inclusive, by months
and classes.
T A B L E 8. N u m b e r of borrowers and amounts of loans authorized under section

5 of the Reconstruction Finance Corporation Act, as amended, February 2,
1932, to March 31, 1935, inclusive, by size of cities or towns.

TABLE 9. Loans on and purchases of preferred stock, and purchases of capital
notes or debentures, of banks and trust companies, outstanding as of March 31,

1935 (under sec.304,title III, oftheactapproved Mar. 9,1933,asamended).
TABLE 10. Loans authorized (and commitments outstanding as of Mar. 31, 1935)
to industrial or commercial business under section 5d of the Reconstruction

Finance Corporation Act, as amended, (including purchases of participations,
and agreements to purchase participations, in loans), by size of loans, from
June 19, 1934, to March 31, 1935, inclusive.
TABLE 11. Loans authorized (and commitments outstanding as of Mar. 31, 1935)
to industrial or commercial business under section 5d of the Reconstruction

Finance Corporation Act, as amended, (including purchases of participations,
and agreements to purchase participations, in loans), by industries, from June
19, 1934, to March 31, 1935, inclusive.

TABLE 12. Loans to aid in the reorganization orliquidation of closed banks and
trust companies from February 2, 1932, to March 31, 1935, inclusive, by
States (includes loans to receivers, liquidating agents, and conservators, and
loans through mortgage loan companies to aid in the reorganization or liquida
tion of closed banks and trust companies, under sec. 5 of the Reconstruction
Finance Corporation Act, as amended; and loans on the assets of closed banks

and trust companies under sec. 5e of the Reconstruction Finance Corporation
Act, as amended).

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

7

TABLE 13. Total authorizations; commitments outstanding (asof Mar. 31, 1935);

purchases of securities from Public Works Administration; and allocations to
other governmental agencies and for direct relief from February 2, 1932, to
March 31, 1935, inclusive.

Tasir 14. Names and compensation of directors, officers, and employees of the
Reconstruction Finance

;

receiving from the corporation more than

$400 per month, as of March 31, 1935.

TABLE 15. Statement ofcash receiptsand expenditures during thefirstquarter,
January 1, 1935, to March 31, 1935, inclusive. (Corporation's accounts with

Treasurer of United States).
TABLE 16. Statement of condition of the corporation as of the close of business,
March 31, 1935.

Respectfully

y

JESSE H. Jon Es, Chairman.
GEORGE R. Cooks EY,
Secretary.

a
or
d
r
c
by
t
w
o
T
1
u
i
e
.
m
s
l
t
n
u
p
h
A
c
b
a
s
u
o
e
n
h
t
r
g
y
d
i
l
s
B
u
a
m
r
z
e
s
n
i
a
t
m
d
i
e
L
w
n
g
o
t
a
s
n
E
l
g
t
s
,
e

i
1
3
M
to
F
2,
f
a
q
of
n
u
9
i
c
a
r
e
l
1
n
3
r
u
r
o
b
s
t
5
2
i
,
d
e
.
m
v
,
t
r
e

1
OF
Q
FU
I
9
AR3
T
S
E
5
T
R

Wºº,

1
A
C
u
t
l
h
a
i
s
z
d
Or
t
f
i
a
R
D
n
e
s
c
o
b
r
p
u
e
r
a
e
r
s
i
e
O
u
ts
t
a
n
d
in
g
—
a
quarter

a
c
l
r
(
t
Bi
e
o
g
q
c
m
n
r
a
u
n
o
e
p
c
i
l
u
a
d
n
v
u
a
e
d
s
k
n
t
i
r
e
n
s
tg
,
A
a
as
F
C
s
R
o
5
t
u
L
e
m
i
c
r
o
n
c
e
p
o
s
h
n
d
a
t
r
d
c
f
a
n
u
e
t
c
i
,
d
.
r
s
o
:
e
n

-------

-

------

c
f
t
p
i
r
d
of
Se
n
r
u
t
p
e
r
s
o
h
a
u
n
p
y
r
t
o
m
d
i
r
e
s
n
e
d
g
t

9
*
0
0
.
0
0r
s
p
to
a
w
d
or
P
i
r
u
s
o
t
b
c
r
h
j
i
e
b
s
e
u
s
o
t
c
t
s

1
2
3
8
20
t
a
r
(
R
e
i
1
,
0
u
c
n
i
8
1
s
3
n
e
l
t
6
.
i
r
e
0
8
u
v
o
8
e
d
4
a
,
s
i
.
0
r
d
)
,
n
s
g

o
c
A
6
,
2
*
r
p
g
,
a
t
3
o
i
r
n
6
s
3
e
c
u
.
3
.
d
l
5
t
i
u
0
r
t
al
1
7
*
c
L
r
o
a
p
i
t
s
n
8
r
,
v
7
4
1
e
8
s
.
4
d
t
,
.
9
o
i
9
1
|
c
t
k
2
5
*
a
b
l
J
s
k
n
o
,
3
i
a
n
4
2
tn
0
.
s
t
8
1
o
d
c
,
0
k
b
Fa
l
6,
6
*
1
13
e6
3
d
n
e
,
n
k
,
9
r
s
6
a
d
7
l
.
C
u
i
n
s
o
r
e
d
i
t
4
*
28
2
,
3
2
8
.
8
2
.
8

1
9
4
2,
7
M
l
c
*
6
41
m
o
,
a
p
9
i
n
3
e
o
,
6
s
1
8
r
o
0
,
7
9
4
3
2
t
,
7
3
0
g
a
9
2
1
0
6
9
a
8
.
,
0
9
g
n
3
7
6
0
e2
c
03
I
m
o
*
1
a
p
,
7
i
n
s
e
5
3
1
6
,
0
u
3
2
,
0
r
1
4
0
.
3
a
0
n
3
6
.
2
0
7
c
1
2
.
e
-

7
7,
4
5
*
1
1
38
7
6
2
,
4
8
8
2
3
6
7
8
.
.
8
5
9
.
3
0
,
,
0
8
0
r
(
B
l
a
e
c
i
s
u
v
n
e
o
i
r
s
c
n
)
l
i
u
a
d
t
d
i
o
n
g
s

7
2
$
4
9
1
s
8
3
a
v
r
e
9
o
t
7
0
)
s
1
,
3
2
9
7
6
5
4
1
9
3
7
.
,
4
6
8
3
6
2
1
4
8
5
,
.
4
6
5
6
0
4
-

2
4
||
3
e
f
B
t
in
n
i
u
d
s
5
7
2
y
r
n
i
o,
r
0
g
s
5
h
7
0
0
o
a
h
.
0
w
g
i
,
.
e
n
0
r
d
g
0
s
|

4
5
*7
mo
6n8
.e9
y
,
5
s

A
a
as
F
C
T
s
o
5
t
R
4
8
1
2
*
m
e
0
5
3
i
c
o
1
7
,
r
6
n
9
c
p
e
2
8
,
4
d
3
t
h
9
6
1
e
o
s
,
7
d
r
a
.
t
c
f
0
7
2
4
a
n
u
1
8
9
7
t
c
2
l
e
4
.
,
i
6
4
7
1
o
,
e
2
8
n
-

m
a
l
c
s
t
of
5c
u
f
n
S
o
n
b
t
r
o
e
s
m
a
c
h
s
o
t
d
p
r
g
a
c
e
i
s
p
c
a
e
t
r
n
a
g
.
i
k
r
b
o
e
l
y
n

1
A
m
a
as
F
C
R
e
0
d
n
o
i
c
,
.
r
o
|
0
c
n
p
o
s
0
,
a
t
|
r
0
a
n
u
0
t
c
.
i
,
0
o
e
n

A
to
i
or
c
b
u
S
5d
of
t
R
e
n
o
t
c
h
d
m
s
e
o
u
n
h
r
i
s
e
d
t
z
r
n
c
a
e
u
t
c
i
s
.
o
a
r
n
l
s

F
C
A
a
as
o
i
m
r
c
e
n
p
o
n
a
r
t
d
a
n
e
t
c
i
,
d
o
e
:
n

--

A
p
to
2
1,
3
l
a
g
5
4
u
r
9
0
t
r
e
i
,
c
4
9
e
i
h
5
0
m
p
a
e
t
.
n
i
s
0
t
o
e
n
s

P
of
p
a
1
2
9
6
4
r
u
t
,
5
i
7
c
r
3
2
i
1
6
p
,
c
a
5
9
2
t
i
,
8
3
h
o
6
1
5
.
n
s
0
a
2
8
.
,
s
0
8
.
6
e
-

n
a
o
L
s
1
6
3,
5
56
95
5,
3
2
,
4
7
8
2
,
1
0
6
3
.
9
,
1
5
9
0
8
7
.
5
3
8
1
,
.
2

T
s
t
of
5d
R
F
C
A
a
as
1
4
2
4,
6,
e
m
3
o
6
c
i
r
2
o
n
7
6
0
4
e
p
c
d
,
t
h
1
s
o
e
a
6
7
2
0
r
d
c
t
.
1
4
a
2
u
n
5
0
9
c
t
8
l
e
5
.
i
,
3
8
9
1
,
o
e
6
3
8
n

L
on
t
a
of
c
b
u
s
5e
Ro
s
l
a
r
n
e
mh
s
o
n
p
a
u
d
c
e
s
c
n
k
s
e
o
t
d
i
.
e
s
d
t
r
n

s
F
C
A
as
a
e
m
3
1
5
o
d
n
t
0
2
i
r
5
9
,
7
p
c
4
n
u
2
3
7
o
1
c
a
r
5
.
4
6
t
2
n
a
1
7
t
.
9
i
,
c
5
7
9
o
0
e
3
n
-

1
3
62
4
,
6
5
2
,
7
4
0
2
9
,
0
3
8
1
5
,
.
9
.
,
6
9
1
2
*
13
3
2
9
8
2
,
6
94
.
2
4
,
8
.
3
0
.
1
4

S
p
s
2
(
t
II
l
f
r
orr
e
l
r
i
f
n
o
e
a
l
c
j
0
o
p
i
t
a
q
e
n
u
c
)
a
i
d
l
n
t
1
r
a
i
s
.
,
n
i
e
r
n
,
g
of
b
d
by
e
f
t
or
c
in
a
u
o
c
y
r
i
o
t
n
m
c
l
s
h
r
t
d
a
q
lu
i
g
o
e
c
a
d
n
t
e
k
o
i
g
e
,
o
d
s
n
,
A
u
t
F
R
a
C
1
of
as
o
m
t
e
n
9
h
s
o
r
h
l
n
t
c
d
3
i
g
z
u
d
e
a
c
2
t
e
n
d
i
o
c
r
,
n
f
y
:
s

-

-

-

º@
u
"%
l$
º
g§
"$
1
9%
80
"0
.
8
88
80
€'
1
'
º
'"
£
1…
1…
9.
9.
8.
0
”…
.
0
’.
l”
T
€
0Z
'I
1
0Z
0.
'.
L.
º.
'.
i.
1”
0"
º…
c
t
o…
'.
1
0
0…
'
.
i
.
”
-

m
i

ø
n
n
'
i
'
o
o
s
'
j
a
l
a
u
u
o
n
a
p
u
u
j
o
a
i
j
o
j
e
q
w
t
i
w
a
s
º
p
e
t
u
s
n
u
n
o
m
y

i

-

-

o
n
n
"
(
p
)
i
:
‘
o
o
s
'
p
o
n
s
o
a
p
u
u
s
º
I
p
o
u
r
t
u
o
o
t
u
u
m
i
n
o
u
d
u
j
o
u
p
u
v
u
i

6
%
1
1
8
6
1
º
l
i
#
#
'
a
e
u
'
6
9
º
g
i
8
0
9
0
9
'
9
0
'
Z
º
8
0
·
1
0
6
'
º
'
i
1
6
º
c
t
0
'
1
0
6
'
i

p
o
p
u
ø
t
t
r
u

s
e
“
z
º
g
i
j
o
n
o
w
u
o
n
o
n
u
s
u
o
o
p
u
u
j
a
H
º
a
K
o
u
a
º
u
a
t
u
º
t
e
n
o
u
,

s
o
'
8
8
6
1
'
6
'
ø
y
w
p
e
a
o
u
d
d
e
n
o
e
ø
q
q
j
o
‘
I
I
I
ø
n
n
‘
o
:
o
o
s
‘
t
º
n
o
,

e

n

t

æ

u

p

º

p

-

-

-

-

-

-

-

-

-

'
0
2
0
'
8
0
9
‘
I
Z

9
0
8
'
1
9
8
.
'
8
8
9
0
’
8
.
1
0
'
0
6
8
'
Z
i
:
0
0
‘
g
r
º
º
t
g
a
e
'
i
g
0
0
:
0
9
6
'
º
º
'
8
0
0

£

REPORT
i0t
º
'º
"
' Z
Z u
z
$ i'
6' 9
'€ 1
8
º
#6g
86•
1"
'Z1
iº9
60
9 .
’
"'
l 8
Zt 8
'
Z' '
9Z 9
6
'8 9
6
l'
'
i 6
º0 0
0
00 '
’ 0
00
0
6 0
‘
g%
g
'
º
: 0
'
' 8
9g
6
º1
‘
'6 º
i' 0
0g 0
º :
00
0
'0
0
0 0
00 '
99 Z
8 '
''
:
[
g1 '
6
01 1
0
1' 0
'
00 0
0 0
0:
0
'0 '
0
0
8
9
9 I
'£
"8
1
'
98
9
ç
.
'
:
n

-

o
o

e
n

t
r
º

s
ø

-

:
p
a
p
u
o
l
u
e
s -s
u
o
- p
"
c -u
e
u
- d
g
i -- u
'
6 -s m
o
a ao
w pu n
s
w do n
p out n
o
o p
w
o
mu
o
s
u
ns
d
u
a
d
m
e
u
u
o
n n tup q
o
w
s
j
ø un ys os
,nta
j up eau m
m
o
q
u
'
uu
l
s oo
u
x s q
ø
º eu oto p
l
q
n
a
s o
m
n
' oj p s
º
o ox oua n
e
o
s no j u
o
º s ºu o
t
s
d lopu d
e
u e
p
º o
u
j
n
a
o j
o
su s
u
tj ø
o
i
s
o
p
ø
e
s
u t
z
p ob¿ o
o
n
’ a
u
t
m
n
y

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0
0
’
0
0
8
'
w
g
0
0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

'
0
9
o
o
º
o
o
o

-

-

-

0

0
'
0
0

0
'
8
9

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

ø

p

t

ø

p

m

e

r

m

-

-

-

-

9
6
'
6
'
'
0
'
8
'
O
+
+
l
ý
8
9
0
'
8
“
y
º
l
t
º
r
º
z
s
º
t
º
º
"
E
t
i
1
i
ç
t
o
z
º
s
z
z
º
g
º
6
'
'
'
0
f
0
'
0
0
»

-

-

-

p
u
g
u
o

n

o

n

e

t

-

-

-

-

6
1

8

#

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

· i
d
y r
o
o
p s
o u
w o
o
u p
u
n
e ‘
s
n a
o
o
e u
j
ø
q o
n º
m
r n
e
p i
u a
n t
u
‘ s
r
º
b o
i
º
j u
o
K t
u u
e u
n n
u
q ‘
a
u
a
e p
u
p t s
u
u u
u º
º
q b
º
k n
u
i
e
u '
n
t
6
r
p 1
e
t a º
u
u e n
º t
p u p
u a a
b s a
u o
º a
s
w u
º
o
b
i
l
u e
u o
n
' q o
e
º
u o
nø
o
s n
t
o %u n
J
:v o
o i
o
T

|
|
-

4
9

RECONSTRUCTION

'
i
o
'
º

OF

ø
n
n
º
u
º
p
u
n
-

K
o
u
a
º
u
o
u
r
º
º
u
n
j
o
“
t
i

e

r

u

ø

u

p

o

p

-

-

-

Æ
qu
o
u'
ºõ
dp
o
ue
t
du
o
jn
o
'
uu
o
e
di
o
e
u
r
aº
qe
q
g
uu
o
o
o
‘
º
j'
a
o
x
s
u
un
snb
e
pn
o
'
i
uv
cs
º
g
ita
o
'
ºp
j
opo
na
o
oeg
q
wu
j
aõ
º
d
ºo
j
t
ua
a
ed
q
u
uju
o
o
i
aup
e
o'
p
t o
u o
u
s
g
ti
mJ
b
o
o
º
u
ao
s
q
t
no
ºu
o
u&
uq
u
g‘
p
oº
n
e
st
um
ba
op
t
-

0
0
’
0
0
0
’
0
0
1
•
o
o
º
o
o
o
º
o
o
t

-

-

-

-

-

-

-

-

-

-

-

-

-

I
|
|
-

-

-

-

-

e

m

t

o

u

p

a

p

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

s
n
o
p
i
n
s
i
p
u
o
p
p
º
u
u
p
u
t
'
º
º
a
ø
i
'
º
º
'
g
u
t
u
p
j
o
n
g
ø
u
a
q
ø
,
u
o
s]
e
u
ºo
g
go
n
e
t
s
q
º
u
oo
i
'
I
·
ø
q
u
n
j
o
p
u
ò
q
e
s
o
n
o
u
o
o
j
9
ø
s

0
0
'
6
8
.
g
.
'
c
6
6
'
8
0
0
'
0
0
0
'
i
0
0
'
6
8
'
#
6
6
'
8
0
0
’
0
0
0
’
9
*
*
0
0
:
0
0

ø
u
n
t
p
a
a
o
u
e
n
o
e
ø
q
j
o
I
o
o
s
u
º
p
u
n
s
º
p
u
u
d
u
l
o
o
º
o
.
u
w
u
n
s
u
.
J
o
x
o
o
q
s
p
a
l
u
º
j
a
u
d
u
o
s
u
v
o
r
i

FINANCE

CORPORATION

9

‘
9
9
6
I
‘
I
S
‘
a
’
o
o
‘
8
9
6
I
‘
º
‘
q
º
a
e
v
u
o
u
p
u
d
º
g
g
6
I
o
u
ø
q
u
o
n
b
q
º
u

p
o
n
u
u
o
O
–
9
a
s
n
t
o
u

10
ø
,
u
y
u
n
p
º
s
a
s
s
o
f
o
f
i
q
‘
u
p
u
o
q
s
i
n
o
s
r
u
ñ
o
u
o
p
u
d
º
s
n
u
º
u
f
i
o
d
º
u
º
s
n
u
ð
u
ø
s
u
n
q
s
y
p
‘
s
u
o
y
o
q
º
'
o
u
b
o
a
o
s
p
o
n
d
a
p
y
a
n
‘
s
u
o
d
z
y
u
o
q
n
o
º
o
b
o
u
ð
f
f
y
–
I
a
l
i
g
v
,

G
I
A
I
S
O
N
'
I
O
N
I

REPORT

t
º º
u
p #
f
f
u r
s
w
e
|
n …
p
s r
a
q e
g
r
.
n

o

p
o º
s
m
j n
q
s
o
C
I
s
u
a
p
a
o
t
º
t
r
p
e
no
Mt
.t
e
o
i
p

‘
9
8
6
I
‘
I
º
"
?
I
W
I
W
I
O
J
L

y

n

q

q

i

z

º

‘
Z
8
6
1
º
z
8
G
I
A
I
s
s
e
t
o

2
8
"
L
e
º
'
9
6
.
"
1
9
1
1
0
#
#
9
'
6
g
º
º
g
#
1
£
8
·
1
8
6
º
g
g
i
"
r
º
z
s
1
y
i
Z
y
l
'
8
9
0
'
1
8
s
g
,
g
o
i
o
g
g
f
o
g
º
,
|
s
a
p
u
e
d
m
o
o
u
p
o
t
ø
3
e
3
i
o
a
e

I
s
a
e
u
a
e
q
p
u
r
e
t
x
o
o
n
s
q
u
o
r

-

1
p
º
r
o
o
n
e
p
ø
t
t
r
u
a
n
u
t
a
u
º
p
º

q

e

i

t

x

6

0

'

0

0

0

'

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

#º
#
#g I
'" º
61 L
8
+ 6
1"
'8 '
1 1
º8
" 1
Z 0
º. %
L&
g
a#
e3 1
9
';
' 6
: 6
': 8
1 1'
l6
°
× 98 8'
º1
z8 ' 0
•
10
i 1
! 6'
z0 Z
0
0
: 0
'0
0 IZ 0
0
: 'E 0'
º9
6
º2 9
'4
' ºg9'
1
08
6
I8 8 6% · 961 g0 0
0º . 0l0
i0 8
" 0 '$ 0
8
Z0
* 6º * 8o i %o
g0
o
gº
o0
'
o
z0
a0
g0
'
º
g0
g
i
t'
z
g
g
g
,
|
s
q
u
e
q
p
u
e
t
t
e
r
º
p
º

o
r
uo
g
oº
g
zg
z
gg
|
s
u
o
p
u
n
u
p
º
r
o

£
'
6
€
1
'
0
9
8
#
6
'
0
6
9
º
g
1
9
'
*
1
'
0
8
1
'
9
8
9
º
g
2
8
'
6
Ý
Z
'
L
l
y
1
8
"
O
f
f
i
'
O
O

'

9

~

~

~

~

~
~
~
~
s
t
r
o
n
e
r
o
u
o
o
u
p
º
r
o
t
e
r
m
i
n
o
r
º
w

-

-

-

-

-

-

-

-

-

-

-

-

z

a 1
6
º
‘
g
9 g
8
6 i
,
'
º 8
g
6
g
I
‘"
0
I8
#8
0
8
9
11
6g
“
1º
9g
çg
'§
l
i!
11
81

u

’
0
ý
9
'
8
%
º
l
i
Z
"
Z
º
t
"
1
8
"
Z
I
6
1
"
Z
D
Z
º
6
.
"
O
g
y
6
8

"
O
º
'
E
f
f
º
'
º
t
I
9

g
o
o
º
o
º
o
º

' g
º
g
º
§
§
§

“
16
1
8
'Z
9
Z
6
9
ºº
gº
1
8o
ýo
z

I
s
u
o
i
e
r
o
d
r
o
o
n
p
o
r
o
x
o
o
n
s
º
a
p
r

|
(
s
º
º
q
s
n
u
n
p
u
r
e
s
u
a
a
o
o
ø
u
u
p
n
i
o
u
)
s
p
º
o
r
t
e
s
t

Zg g
g
ºg g
" yº
º
d
ya
'e
O y
r;g
f
f
8
"
8
1
.
1
s
u
o

n
e
u
o
u
o
o
p
º
l
o
t
e
r
m
i
n
o
u
e
t
v
u
o
ã
º
i

8
9
"
1
9
9
.
8
£

'
O
g
i
,
'
$
1
9
0
8
1
º
l
i
I
Z
"
1
1
8
'
1
1
u
z
r
e
g
o
º
g
z

|
s
a
x
e
,
º
u
i
s
s
º
o
o
r
d
o
n
h
õ
ø
q
n
s
a
r
e
o
q
a
a
e
s
u
o
n
n
u
m
s
p
u
o
s
u
o
s
s
º
o
o
r
a
i

ø
q
n
r
o
j
p
o
n
u
a
r
o
s
p
u
n
g
ø
r
e
n
s

n

o
p
I
q
n
j
o
s
s
o
º
p
j
o
q
u
a
t
t
£
e
a
u
º
t
r
I
n
s
u
p
j
o
e
s
o

RECONSTRUCTION

I
s
ø
t
r
e
u
u
o
o
º
p
u
e
r
n
s
u
i

#
0
.
0
‘
1
8
’
i
‘
8
1
g
º
g
º
g
º
g
g
,
z
o
r

9
6
1 #
8 I
"
'
'
O 9
L f
º
f
i
g
‘ 1
' 1
0
8 1
’
&
' '
#
'' #
8
z 8
8
9i 0
$
0 '
2 Z
|: Z
I1 0
z9 0
º8 ‘
l9 8
1
g9 L
.
'8 '
6
3
#)
0
"
! º
g
o. '
º
.
"
I.
9
|] 9
O
fº 1
f
ºI #
"
g
gº *
6
i
'
' 6
O
1
s 9
'
6
8
9
0

u
p
u
n
g
i

u
p
m
p
u
)
s
u
o
e
p
o
s
s
e
u
p
o
t
p
u
b

r

a

o

e

p

a

o

r

s

'
&
#
8
'.
1
.
8.
|
|
|
9}
8}
·
1}
9
}
'
6{
'
g
{
1{
0
'
I9
}
º
s
;
|g
u
z
" '
£
i
1
g
g
z
' "
z
8
º
1
s
0
'
‘ #
6
#
6
z 1
º
s
z
|
(

ba
u
as
t
ro
o
pubsq
u
a
eºu
ep
p
n
b
I‘s
r
oa
ø
oo
u
ºupnou
)sø
tr
eur
oo
ns
n
in
puu(
ss
xu
o
un
o
q

OF

:
p
º
p
u
ø
u
r
e
s
e
‘
o
y
u
o
p
n
e
u
o
d
u
o
o
g
o
u
e
u
u
o
p
o
n
u
n
s
u
o
o
º
i
e
q
q
j
o
g
r
o
º
s
u
º
p
u
n
s
u
b
o
t

-

-

-

-

-

-

-

-

-

-

-

-

8

8

º
g
1
'
L
.
S
º
'
8
8
8
9
1
,
"
L
8
8
'
8
|
º
g
g
i
,
'
l
º
g
º
g
s
k
o
t
i
o
n
u
o
p
m
o
n
u
s
t
r
o
o
ø
t
ø
q
q
j
o
g
r
o
º
s
‘
t
e
q
o
,
I
,

q
e
u
o
d
u
o
o
º
p
t
r
e
u

º
g
t
o
º
;
I
r
~
~
~
~
~
~
~
p
o
p
u
ø
u
r
a
s
e
“
q
o
v
u
o

8
1
8
'
0
9
9
'
8
8
1
'
i
I
Z
8
'
1
0
'
'
g
2
Z
º
º
Z
Z
"
Z
|
8
8
6
.
1
9
'
9
1
8
"
8
0
ý
‘
8
|
9
0
'
8
9
"
Z
0
8
'
0
8
%
0
0
:
0
6
9
'
8
8

9
0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

e
q
n
j
o
o
g
r
o
º
s
u
o
p
u
n
K
u
b
d
u
l
o
o
up
g
a
o
p
u
o
øl
ä
u
ee
º
us
e
o
t
‘
u
o
ey
j
u
oo
qp
o
u
o
u
q
s
o
øu
[
o
qo
sø
s
ø
o
s
u
s
e
e
-u
u
ð
u
u
up
o
o
]o
un
u
o
pn
dt
s
y
r
r
oo
p
s
o
q
n
s

-

-

I

O

0
'

0

0

'

0

0

0

'

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

FINANCE
o
o
r
o
o
g
º
z
g

|
0
0
:
0
0
"
Z
g
0
0
'
0
0
a
e
'
o
o
º
o
o
o
º
º
g
t

I
K
u
n
s
m
p
u
º
u
q
s
g
ø
q
q
u
p
a
e
º
u
a
s
u
o
w
o
l
u
o
q
o
n
u
s
u
o
0
9
8
º
q
,
j
o
p
º
r
o
º
s
u
º
p
u
n
s
s
ø
u
s
n
q
t
u
p
u
o
t
u
u
u
o
o
u
o
t
e
i
s
u
p
u
o
n
s
u
o
q
u
z
u
o
q
g
n
y

I
*
*
*
p
º
p
u
ð
u
r
e

o
o
s
‘
t
e
n
o
j
,

j
o
p
g

u
o
o
n
u
q
s
u
o
o
º
e
q

s
u
º
o
w
u
o
q
u
i
o
u
o
o
ø
o
u
g
u

.
'
Q
u
º

1
0
^
º
i
9
9
'
0
'
'
9
'
'
9
£
6
'
9
g

"
I
º
i
“

2
6

0
€
6
1
'
0
ý
!
“
Z
I
Z
9
’
6
f
6
"
9

|
-

u0
0
0
±
øq
)
Jo
og
oo
su
ºpu
n
sø
t
re
uu
p
o
º
op
1
u
sø
n
t
u
u
,
e
ps
ue
u‘
sj
qo
v
u
eu
qo
q
pu
º
s
i
o
o
f
o
J
o
Jo
o
so
º
j
ø
t
sg
a
s
u
e
øi
nu
to
i
oo
n
su
u
p
o
s
r
t

g
i
z
º
g
o
g

9

I
g
º
r

i
8
I
.
'
I
º
'
º
'
L
I
0
6
'
8
9
0
'
1
9
I
0
9
.

z
l
º
z
z
!
'
6

CORPORATION
#9 ·
#8 ·
'z ·
·
6 ·
I Z. '5 ·
L ·
º3 ·
g8 ' i€ ·
l: ·
2 ·
·
90 "0 6: 80 ·
·
0 ·
"1 0 6
·
:·
99 0 °9 ·
08 ·
·
9 ·
'" Z8'
·
£8 ·
1
"·
9
‘6 ·
6·
I2
I" 9I 99
90
0
9
4
"
g0
º
i3
'8
8.
90

19
%
o
o

08
’,
9o
g
oo
-º
io

º
l
i
,
º
g
„

zg q
u
oz i
‘
g
º
g
º
z
,

o
l
g
º
g
g
| II
------ ------ ---------------- --------:-p- -ºp -u-ø--t-ue -- -s--e-‘- --osy-u
- os
ut
oer
-d
me - oo
r- e
od u
e
u-d
o-j
ooi
º-s
t
o
ºº
-s
t
a-e
e
¿
q
u
o?
sr
u
b
n?
u o a¿
o t eY
n

:
p
º
p
u
ø
u
m
u
s
u
'
z
&
B
I
J
o
q
o
y
u
o
!
o
n
u
s
u
o
o
p
u
b
J
ø
ø
r
o
u
a
º
u
a
u
u
!
ø
q
u
u
o
p
u
n
s
u
o
q
u
z
i
o
q
u
n
y

g0
i
º
g9
1
6
9
°
2
£
8
9'
ºE
zg
ºº
i'
6y
1
"&
a
e#
g
8
"
#
0
#
#
'%
9
04
1%
y8
º;

&
#
1
2
%
9
0
8
6
0
'
L
E
O
'
0
9
z
z
º
g
g
g
º
o
a
e
g
'
g
g

t
z
i
g
“
i
'
º
º
i
8
9

'
9
6
.
“
y
0
6
‘
I
Z
g
º
º
g
o
º
g
o
º
g
g
g

ø
n
n
º
(
o
)
1
0
z
'
o
º
s
‘
s
º
s
n
u
n
s
t
e
r
m
i
n
o
u
e
j
o
s
u
o
x
º
º
u
j
o
u
e
u
r

||
I
I

øJu
eo
aou
ko
u 1
f
f
o0º
u
eop
t
r
p
u
u
uJo
o
jns‘t
o
r
or
go
i
º
tx
ur
nbp
nqi
h
o
uub
)º
I&I
qø p
n
,º'
u(e
u
r
)
a
1p0
s
zº
ur
op
o
ts
i
‘n
s
hqo
j
o
o
f
o
u
u
o
mo
un
uug
s
p
t(
pi
n
ó£
b
8
ö
6
ð1
i
-uu
J
u
i
ò
a
s

9
8
’
0
1
0
'
0
'
0
6
*
0
8
:
2
9
8
'
S
Z
g
'
8
6
|
g
l
*
6
'
8
9
.
g
.
'
£
8
|
8
9
'
.
I
'
6
2
'
9
9
1
9
'
0
0
a
e
'
9
0
1
'
º
i
º
'
i

0 0
0
8
9
9
'
0
1
1
'
1
6
'
0
0
‘
‘
I
º
*
*
'
;
0
0
’
0
0
6
'
y
s
g
º
g
g
|
0
0
'
0
0
0
'
0
0
0
'
0
0
8
-

0
6
1
'
º
s
s
'
º
º
£
9
·
1
6
1
"
a
e
'
g
a
z
n
|
8
0
8
8
6
'
0
&
z
º
o
z
e
n
i
!
g
6
º
z
g
'
'
e
1
'
i
r
I
I
º
g
'
0
0

-

'
8
8
9
'
E
0
6
m
.
-

-

s
o
'
z
º
i
j
o
n
o
w
u
o
ø
n
n
s
u
o
o
p
u
u
j
o
t
a
I
Å
o
u
o
t
o
t
n
'
p
u
n
o
L

g

u
r

ø

u

p

p

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

m

o

I

-

-

o
r
a
n
(
)ø
in
n
j'
i
o
s'
o
ºs
o
o'
ô
j
m
ø
ë
p
ò
t
o
a
u
r
i
pq
u
uo
va
d
š
p
ou
n
u
i
pj
o
õ
i
õ
t
º
tu
m
j
o
o
o
j
mø
u
q
n
u
i
i
t
ne
a
o
a
t
e
u
ð
p
uº
j
ot
ºa
u
i
r
t
o
i
u
wº
u
i
i
*y

:
p
o
p
u
ø
u
r
u
s
e
'
c
º
º
l
'
0
'
r
e
w
p
e
a
o
u
e
q
o
u
a
q
q
j
o
‘
I
I
I
º
l
a
n
‘
o
:
o
º
s
J
e
p
u
n
s
u
o
,
e
z
u
o
q
n
y
-

e

t

m

ø

u

p

o

p

-

-

-

-

-

-

-

-

-

-

-

‘
Z
Ý
6
'
9
L
I
‘
I

|
O
I
‘
6
1
8
‘
I
Z
Z
'
8
6
0
0
‘
Q
’

£
6
'
#
2
1
'
9
#
8
'
Z
0
6
9
6
'
0
1
8
'
6
0
6
'
9
8
0
6
º
g
6
6
‘
g
g
a
e
'
6
9
6

REPORT
# 00
0 60
* º
'
g0
61
*0
0
º '
0
o 9 '
9
º 1 9
8 0
' '
0 1 '
Z
9 0
9 0
0
6 0 :
': 0
00 0
19
88 “
'' 1
86 9
%6 6
80 '
''
i0
01 0
00
:6 0
0º 0
9g
0
º 8
" 6 %
' 2
º g
g 1 9
6 '
i '
6
" 2
Z
8 8
9 0
0 0
0
0 I ’
‘* 0
g
º. 0
’
ºI 9
‘
" '
8Z
I 0
#Z 9
6Z 9
%9
'
00
9
00
%
: 0
90 0
91 ’
g 0
,. 0
8
'º
Z8 "
$£
1'
/ "
'Z
I
/ Z
,
º
-

-

-

-

-

-

-

-

-

-

-

u
m

m
e

p

s
ø

-

-

-

-

-

-

s

o

o

m

u

d

u

u

p

ø

o

o

s
e
º
n c
s
c
n
6
n I
‘
p 6
u º
nu
s
r
n
s e
nx
pu p
ue o
uq a
o
sj
o u
x
u
o
as
e
u
o
q
.n q
a
Jt
ø
o
i
e
xº
q o
o
ø
t
o
p
!
n
sJ o
J
o
p
s I
ºº
‘
u
n I
r
o
I
a
jt
i o
º
T
u
e
jn '
o
#
j
e
0
n
€
sj
u
o
o
o
o
s
s
o '
s
I
t
u
t
n
o
o L
m
a

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

s
ø

t
r
e

u
u
d
o

a
s
t
u
n
p
u
t
s
a
e
t
t
u
a
J
o
x
o
o
n
s
p
º
u
º
j
a
u
d
d
o
s
u
b
o
t

0
0
'
0
0
0
'
0
0
£
'
8
0
0
'
0
0
0
'
0
0
8
'
e
0
0
'
0
0
0
'
0
0

'
0
4
0
0

0

'

0

0

'
0
0
a
e
'

:
p
ø
p
u
o
u
r
o
s
e
‘
g
º
g
I
f
o
r
ø
u
n
t
p
e
a
o
u
d
d
u
n
o
u
o
u
,
j
o
I
"
o
e
s
u
o
p
u
n
s
u
o
p
e
z
u
o
q
n
w

OF

p
o
p
u
ø
u
m
u
s
e
º
g
g
i
j
o
q
o
y
q
u
o
u
q
s
n
p
y
t
o
r
n
I
n
o
p
u
y
ø
q
q
J
o
‘
I
ø
[
1
º
g
r
o
o
s
J
o
p
u
n
s
u
b
o
'
I

o
o
º
o
o
o
º
o
o
t

I
o
o
º
o
o
o
º
o
o
t

I
0
0
'
0
0
0
'
0
0
1

k
u
e
d
u
t
o
o
a
o
t
r
æ
r
n
s
u
t
r
e
j
o
x
o
o
n
s
p
o
l
u
o
j
a
i
d
j
o
j
u
o
p
d
y
r
o
s
q
n
s

0
0
’
0
0
0
’
8
8
0
'
0
8
0
0
0
0
0
'
Z
O
I
o
o
º
o
o
o
º
g
z
z
"
O
g
|
0
0
'
0
0
0
'
g
'
'
0
8
-

-

p
º
p
u
ø
u
r
e

s
e
‘
c
º
g
I
f
o
i
o
u
n
t
p
e
a
o
u
e
n
o
e
ø
n
n
J
o
i
'
o
o
s
'
i
g
n
o
,
L

ø
p
p
g
º
r
o
o
s
r
ø
p
u
n
º
s
i
o
i
n
s
i
p
u
o
p
e
º
u
u
p
u
u
º
º
a
a
l
º
º
b
u
e
u
p
.
J
o
.
A
g
º
u
a
q
a
q
q
j
o
j
z
o
o
,
s
u
b
o
'
I

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

p

-

º

p
u

u

ð

r
e

1
8
8
9
“
1
6
Z
“
I
Z
6
0
#
0
^
t
9
6
"
Z
1
8
°
2
6
Z
“
I
Z
t
º
:
'
9
9
8
%
8
6
'
y
º
’
8
1
.
“
L
O
º
º
º
º

s
e
‘
s
e
g
i
j
o
h
ø
y
ø
e

&
q
u
a
o
r
j
o
u
p
o
ø
r
ø
q
u
o
º
j
e
s
t
i
n
p
a
r
e
o
a
p
&
q
u
º
o
u
j

I

h
ro
o
t
w
i
o
tn
u
r
s
bi
a
e
n
b
o
Kw
o
u
º
au
º
u
a
º
o
u
u
it
º
t
ai
g
q
qo
n
j
os
u
“
b
Io
f
'

0
0
:
0
8
z
º
g
z
Z
0
0
‘
‘
O
0
0
'
0
8
8

º
g
Z
Z
0
0
'
0
0
0
'
0
0
f
f
0
0
0
0
0
0
9
.
1
%

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

'

0

-

0
0

0

'

£

0

'

Z

Z

-

0

0

0

'

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

e

u

l

o

u

p

o

p

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

#

8

6

1

#
1
'
9
9
0
'
1
9
I
‘
I
º
º
z
|
1
6
6
0
8
"
I
g
g
º
r
º
g
º
z
|
1
9
9
8
'
8
1
.
º
z
u
z
º
g
u
l
I
z
8
8
8
‘
6
6
#
"
6
1
8
º
g
’
0
1
,
‘
6
6
9
º
S
6
'
9

t
e
o
,
p
u
t
s
u
b

*
e
q
e
n
j
o
p
u
ò
q
e
s
ø
n
o
u
q
o
o
g
o
º
s

FINANCE

0
0
'
0
0
0
'
0
0
g
“
Z
Z

"
Z
Z
0
0
'
0
0
0
'
0
0

.

8

0

0

'

0

-

9

0

8

’

0

0
0

’

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

I

~
~
# ø ~
u· 1
o
n
p ~
‘
p
r
w
o
o
o
s p
p
p e
s
e
u
e r
ø
ta
u t
u
e u t
o
o
p t r
n
u
s e
u e
n
ug ‘ s
e
u s
o
o
s q
p
n º
u
o
º
u
g u
o o
e º
º
ø j o
n
uq
o
j '
6
jn
o
1
u
u
u
o
º
º p nu
ð
l
u
p
a o
ºu
n
t
x
n
u u
i t
{
p
* s eº
e#
n
u d
9
b
A
6 o j
o
1
ij º ou
u
d
r
o
º d
o
I s
º
k
t o º
'e
r
i
g
t u o
p
n u
o
n º
u
o
‘ d
q
º
a
g
º
e ø t
u
ja
e u
q n
o
j
up q
u s
e j o
u
º
i
o
9
te eºj1
r
q º º r
a q
ue
b
o
p
i n º
r u
o
s
'n
'
p
6 u u
t
o
q o
p 1 o
i
o
e
n p
º e n
g
r
u u
e
Ju a n
n
o
e
t ‘
p º
u t o
uu
p o f
o
e q º
º
sb
s
t
a
o
t
‘
º
º o s '
g u
u
u
º
w
o I
ºº
i od
t
d q º
u
q
e n
t u
n
r
o d
‘
g
q m
pº
o e o
º
d
a
o
º
u
n ø n
o n
s
q
to s
o
u o
u
u n b
%
b
e
j o l
i
:o
p
oi
' o ' d
I

RECONSTRUCTION
0
0
'
0
0
0
'
8
8
6
'
6
Z
0
0
'
0
0
0
'
z
6
I
o
o
º
o
o
o
º
g
z
i
o
g
I
0
0
0
0
0
"
g
z
I
'
0
8
s
e
p
u
u
d
u
l
o
o

e
o
u
e
u
n
s
u
g
o
x
o
o
q
s
p
o
u
u
º
j
e
l
d
u
o
s
t
r
u
o
’

CORPORATION

11

§
t
d
c
by
a
o
r
or
T
1
w
i
u
e
.
l
m
s
n
t
u
p
b
h
A
c
a
s
o
u
e
h
r
n
t
g
s
y
l
d
B
i
u
a
m
r
z
s
n
e
t
a
d
m
L
e
n
i
w
g
o
t
a
s
n
E
g
l
t
,
s
e

i
1
3
M
to
2,
F
a
f
q
of
n
c
l
u
9
i
s
a
e
r
i
1
n
v
3
r
e
—
b
o
C
t
5
2
s
n
,
d
t
e
i
.
m
n
,
t
u
r
e
d

1.
T
TO
AP
A
PB
EN
L
DI
E
X

[
g
3
l
of
a
b
w
u
d
C
or
c
t
F
R
A
as
e
o
p
u
i
l
c
r
o
p
e
t
n
f
T
c
a
o
h
e
f
g
s
a
l
d
t
e
r
h
u
r
e
s
n
a
o
i
c
t
p
e
s
z
t
c
i
e
n
s
,
w
r
o
s
e
g
d
t
,
n
s
to
as
so
r
b
h
l
of
g
3
t
a
In
c
or
u
f
in
1
i
e
p
l
i
n
m
r
b
a
o
h
e
p
c
u
r
g
o
h
n
e
s
l
r
a
d
b
u
o
a
e
v
n
s
t
c
d
w
r
l
d
e
p
g
w
n
e
i
s
h
d
r
,
x
.
s
d
;

t
c
f
e
p
F
1
2,
M
to
3
io
n
e
9
c
m
a
r
l
h
t
o
1
b
3
ui
a
c
o
b
r
sn
2
5
i
e
l
r
o
,
v
h
m
.
,
e
s
d
)

as
W
O
or
u
i
ts
h
t
d
a
r
n
a
d
w
i
n
ng

1
A
aof
C
D
R
u
i
t
l
e
s
h
b
o
p
a
r
u
c
i
1
M
3
a
s
z
e
i
s
n
9
a
d
d
c
1
e
3
r
l
e
,
5
.
d

07
$
3
1
||
A
a
as
F
C
R
(
s
o
5
t
9
m
e
7
4
6
i
c
3
5
r
u
n
o
9
c
e
,
d
p
7
3
4
h
8
o
s
n
6
5
0
d
a
t
4
1
2
)
r
7
.
d
c
f
5
,
a
n
u
9
8
0
2
5
t
c
e
9
3
6
i
4
,
.
9
7
o
r
.
0
6
e
n
7
5
|

1
18
5
A
a
as
t
F
C
4
e
m
6
0
n
7
d
o
9
1
)
i
r
,
c
i
p
4
2
n
7
0
3
o
2
5
1
a
.
r
3
t
o
2
9
a
n
.
,
5
1
t
7
9
6
i
c
.
0
,
n
2
4
o
e
n
-

c
a
t
b
of
l
r
To
o
i
e
n
g
q
r
a
c
m
s
u
e
p
n
i
u
r
a
d
v
n
a
s
k
e
t
i
d
r
o
e
t
s
r
n
s
g
, F
R
T
(
s
o
5
t
m
l
c
e
i
c
h
o
u
e
r
o
m
n
h
p
s
t
a
o
r
d
c
f
g
n
u
a
c
e
i
t
g
e
.
n
i
r
o
e
s
h
nR
(
s
t
of
5e
c
a
b
On
e
o
u
s
l
c
m
r
a
e
o
h
p
n
s
u
a
s
d
c
e
n
t
k
e
i
d
r
.
u
e
t
s
r
d
c
s

-

c
of
b
l
or
a
to
t
in
r
L
e
i
o
l
a
q
r
u
g
o
n
i
a
hd
s
k
i
a
z
n
t
a
e
s
d
i
s
d
:
o
n

-------

A
a
as
C
e
m
n
d
o
)
r
c
p
o
r
t
a
t
i
,
o
n
44
3
5
4
1
8
0
7
8
4
0
2
5
,
,
7
5
6
1
9
7
3
2
,
8
.
9
6
7
,
0
1
5
4
7
2
6
0
.
3
6
5
1
0
.
9

4
3
1
16
7
a
t
o
T
2
6
,
l
7
3
9
0
6
,
2
5
1
9
7
6
,
9
4
0
.
6
5
,
4
3
9
7
5
6
1
.
2
,
6
4
5
2
7
9
-

5
4
1
l
.
A
a
F
as
C
2
5
e
m
0
d
n
,
o
)
i
r
2
0
5
,
c
n
p
0
.
o
a
0
r
,
.
t
a
n
0
t
i
c
0
,
o
e
n

A
F
C
R
s
t
of
5d
u
D
l
o
e
i
c
r
o
n
e
p
h
o
s
r
d
a
t
r
c
e
a
n
u
t
c
e
,
i
.
o
r
s
e
t
nto
p
a
of
(
g
i
u
r
m
t
n
i
e
c
n
e
l
i
h
m
p
u
a
d
e
t
d
s
n
i
e
t
o
e
n
d
s
ge
T
a
m
l
c
(
s
o
5
t
R
b
e
o
c
h
u
a
o
m
r
e
n
s
p
h
t
o
n
a
r
g
d
c
f
u
n
k
c
a
d
i
e
t
g
n
.
i
s
e
r
o
h
s
n asa
b
f
s
t
R
To
in
i
(
o
5
o
n
c
i
u
o
r
e
d
n
g
s
r
h
u
t
o
a
h
r
d
c
f
s
w
u
g
i
t
c
e
t
n
r
.
i
o
s
d
g
y
n

b
a
c
i
L
to
u
o
n
m
d
s
i
m
n
u
e
s
a
n
r
t
e
c
n
s
d
i
s
a
:
l 11
5
1
7
6
9,
A
m
a
as
F
C
3
n
e
,
d
o
6
)
9
7
0
.
i
1
r
c
3
,
n
p
7
5
o
2
8
a
,
9
5
.
r
t
8
a
3
n
.
4
9
0
t
7
8
i
c
9
,
0
.
o
e
n
-

------

a
p
i
t
r
c
a
p
i
t
n
o
)
s
1
6,
7
56
4
2
7
2
9
3
0
4
6
,
2
5
4
1
7
9
0
6
4
.
5
9
1
3
,
.
0
7
6
9
0
,
2
3-

----

T
1
6
2
4
41
8
7
5
o
2
,
3
0
4
8
t
,
6
2
1
3
0
5
2
,
a
.
8
0
1
6
3
l
,
9
.
2
8
4
3
8
.
,
4
2
1

-

1
4
8,
74
40
8
0
,
9
9
2
3
3
0
4
2
,
6
5
0
,
9
4
8
0
6
3
2
9
0
3
.
7
0
.
6
2
8

A
a
C
s
2
(
as
t
E
R
Uo
m
n
e
s
ac
t
n
0
h
r
l
d
g
u
c
)
i
e
c
t
d
1
e
n
i
.
,
c
r
o
f
,
y
n
d
r
by
f
of
e
c
t
or
o
a
n
e
l
r
f
t
m
l
a
o
n
h
g
q
s
o
r
a
u
g
d
a
t
o
e
k
i
e
o
d
n
,
r of
p
of
t
or
r
d
u
a
f
to
Lc
r
e
n
i
q
o
c
s
u
n
p
h
l
i
a
s
e
f
i
n
r
t
i
e
c
t
o
s
r
,
e
y
d
n

c
in
1
a
J
F
of
y
a
e
9
b
c
n
r
3
l
uo
3
a
4
d
n
r,
:
e
y

U
t
a
A
1
2,
4
35
0
p
3
9
n
2
p
0
h
c
3
r
d
0
5
.
o
r
4
0
e
v
,
t
e
.
r
0
d
2
5
,
.
2
8
.
0

T
8
1
4
74
40
,
2
o
4
3
,
2
6
3
9
8
t
,
0
7
5
4
,
a
9
8
7
0
1
3
6
9
l
0
8
.
3
9
7
0
.
,
6
2
8

I
1
a
t
C
h
o
M
on
3
m
to
l
s
f
p
b
of
c
u
d
g
r
o
b
t
9
a
d
s
e
m
p
o
c
i
h
a
1
n
f
o
t
r
3
e
u
a
i
n
r
m
k
p
i
a
5
e
n
c
k
s
t
d
o
,
r
i
n
.
e
o
n
,
t
;
s
k
g
d
s

º:º*

c
$
a
t
b
of
d
or
p
n
f
s
on
l
5
u
o
e
r
i
7
a
b
t
m
,
r
o
e
v
u
s
4
p
m
0
c
e
5
n
f
o
r
4
u
a
t
i
s
,
h
e
d
0
n
c
1
u
a
t
r
p
i
,
8
s
k
e
n
o
0
d
r
e
i
c
,
a
0
o
4
t
s
l
k
n
,
e
0
1
s
d
;

m
b
to
t
in
i
an
of
e
p
c
$
l
f
s
a
*
o
u
5
i
n
r
b
o
t
m
,
r
s
e
l
0
n
g
p
7
h
r
u
o
f
c
:
l
,
5
a
i
o
r
e
0
a
n
,
w
g
r
:
n
c
p
i
0
e
r
t
g
y
0
i
r
c
e
s
k
,
d
o
:
e
;
n:
º
f
l
a
$
C
t
to
i
c
or
b
r
1
o
4
3
2
i
n
u
a
g
0
r
,
8
n
m
d
s
o
i
p
r
u
2
l
,
o
a
0
h
m
e
i
6
s
r
n
i
0
o
7
a
d
t
r
8
c
,
e
5
n
r
a
0
.
i
e
s
9
u
d
8
0
n
o
t
s
a
2
l
g
;
y
.
, or
m
to
l
c
$
b
of
or
r
t
in
(
a
f
as
L
e
o
i
8
2
a
l
q
1
m
o
r
n
,
2
p
u
g
c
6
o
h
i
n
a
1
t
l
2
u
k
n
d
4
g
a
7
s
i
u
5
o
6
z
n
i
d
,
s
k
a
t
w
e
)
i
0
g
n
,
8
s
t
d
o
0
;
e
,
g
:
n
0

$
a
s
of
c
p
u
t
(
i
in
d
b
1
g
o
e
7
p
n
u
2
g
r
a
e
m
s
b
,
p
n
c
h
r
d
f
7
b
u
e
i
o
l
n
a
7
r
h
g
t
,
l
o
u
i
n
a
m
f
9
5
s
d
k
i
u
t
o
a
6
e
n
i
r
.
t
s
e
c
2
n
)
3
d
g
,
e
s
;

s
om
of
r
el
e
ºw
t
s
in
,
g

º
s
x
' u
u
9
q
0
0 p
1
o
j o
s
o
u t
o
o
j
r o
u
u
m
o
b p
n u
s
u p
p
u
n
b
o i
q
l
º
u
u o
p
u
u
o
n
p
m
u
p
z
o i
z
u
u
y
º
u
u
o
o
q o
q
u
n
u
a
q
s q
u
u
o u
p
o i
n
"e
šº
:o
1n
n6
o' 0
8
'
w1 º
8
s" r
g
j
u
'
ºu 0
1
gw 0
o
j'
t
r
o
e
ss
'
tu
o
p
'
'
sn
uo
p
u
oo
Au
op
n
us
u*
o
o
p
p
uu
u
pu
pu
u
o
a
oo
z
do
p
u
'n
òp
s
q
on
i
n
n
tn
o
u
op
šn
u
u
vt
uu
o
u
s
n
y
os t
n
n
r
uu
ðq
kr
i
uo
d
n
d
Kp
u
uo
dz
so
n
uu
nj u
o
q
oo u
mo n
a
ir
u
ss
on
u
tw
øo
xo
ºi
ie •
º
s
b
o
r
o
o
q
+

'
s
u
o
u
o
o
s
s
e
u
b
o
l
p
u
u
u
p
t
i
n
q
:
0
0
f
f
'
'
S
g
'
i
s
º
s
º
!
t
u
o
o
q
s
n
i
n
p
u
u
s
y
u
o
g
:
s
w
o
t
i
o
j
s
u
'
g
º
g
i
j
o
u
ø
n
n
e
n
b
q
s
u
g
ø
q

REPORT

OF

t
u
s

u
n
p

uu
o
b
q
u
u
º[
p
o
u
u
n
o,
u,
'n
o
0
0
8
p
'
o
8
r
6
u
$
ø
j
j
s
ou
qb
u
u
n
n
o
ø
t
r
u
ø
b
å
aa
q
‘
qu
s
ue
q
u
se
u
n
ob
q8
e
zu
p
iø
o
o
qø
q
u
n
d
u
zu
sp

p

-s
-e
s
pø
u
op
Jº
>
u
ø
q
su
u
eo u
r
s
n
qp
‘
b
ø
º
qd n
x
s
s
øs
u
j!
o
ø
K
qj i
us
o
n
n
o
ue
p
ua
um
o
n
s
u
p
ud
ut
g
o
g
u'
qy
p
9
e
$
l
Ju
o
d øo
i
ø
;
o
oy
eo
Kº
q
g
u
q
at
‘ e
: u§
8
ð
6
1u
§
r§
jº
o
p
je
ru
o
l
w
øt
e
Jp
ø
ø0
H
o
ø
z
yø s
q
Kn n
o
o
o
u
n
º
a
I
u
º
u
z
o
z
u
ui
r
n
º
º
'o

'
9
8
6
1
“
1
8
º
u
b

p
º
s
u
n
q
s
p
o
s
Z
Z
'
L
º
g
'
&
#
8
$
J
o
t
u
1
0
4
1
0
s u

ep
ºp
u
s
au
o
p
s
º
mu
Iq n
q
os
is
t
p
ip
p
uu &
ºe
I
:s
p
g
u
n
ng o
‘I A
u
‘ø
j
oI
q
ºd
u
u
º
s
nb
us
ø
s
y
u
uw
ø
qx
u3
i
º
p
yn
J
oo
Ju s
q
ø
,
p
øp u
n
H
.o o
j
s
Kn
uu
oq
p
us
º
u a
ø
npo
ºo
sø
0u
0
p
t0u
'
e
0u
l
ø9º
9
p
n
ø
o
l'
6g
a
6
#
ø
øj
a
q
o
n
oq
&te
qe
nø
uo
oi
gn
e j
o
ous
gp
u
o
u s
ot,
o‘A
o
uj
u
oad
daa
uu
q
jq
jq
uo
o
n
9o
n8A
0
i
'u
p
s
p
r
º
eº
e
o
uso
p
an
!s
uK
u
n
e
q
q
å
n
o
r
)

„
s
o
u
u
d
u
u
o
o
u
b
o
l
a
b
?
?
J
o
u
r
,
u
g
p
a
p
n
o
u
a
u
ø
a
a
q
o
q
a
#
c
0
'
S
B
S
J
o
n
u
n
o
u
r
º
g
g:
ø6
I
no
j
u
pø
u
sn
q
n
u
e
a
n
t
ub
o
q
s
s
u
u
n
g
q
ø
s
pn
pu
up
bu
n
ºp
g
g„
i
s
u
Jo
o
ne
u
p
n
o
o
o
u
s
u
s
u
e
ou
q
q
b
o
ul

pu
u
ouw
seo
usq
bx
s
ou
luu
s
:
0qo
0
Jq
g
“ou
1sz
8
o
2u
u
$
o
nq
‘q
q
su
n
s
øøu
q
u
a
ø
pq
s
n1q
q
u
u
t0o
s
o
u
o,
p
n
oo
u
p
o
º
uuq
t
u
e
u
no
u
o n
p
o
º
ue
op
o
ju
to
ø
u
psø
o
u
q
n
s
su
i
uq
m
poo
u
u
uo
n
o
A
nde
:
s0q
u0s
0
u
'
o
gu
o
º
ug
s
ss
s"o
s
uso
oou
uu
q
eo
d
u
m
ot
os º
uo s
en' u
ds
0
o
n0
q
ju
o
' u
sn0 e
n
op1 b
suz x
e
qbº u
oss
n p
uto
nr
p
d n
i o
o
u
ø
: qs
u
i d
oj
o op º
u
o o
ºq
o u
‘o
º m
s nu
ss p
o p up
uo
l uz
º
qu
s o py
nj
u
a uo
s
qu
q
I d 'n
o
u
ðn
o
a
e
æ
}
st
}
u
“
o
';
0
8$
u u;
p
q
o
uo
s
ui
q
p
nj
d
s
d
o
e
'
0g
n&
0
0
º
'aq
q
0
,
0
$os
q
ë
'
søq
o
,o
n
u
rt
uo
u
d
js
u
l
u
ou
ou
o
no
n'
s
g
t
º
usg
u
n
pi
poj
u o
u8ø
u
0
s0
n
0n
'
uç
e
e
n
ºb
q
s
.
q
J;s
‘
o
s
u
x
ø
g
{
ou
ø
o
e
n
dn
s
tu
pu
d
o
a
;
ui
o
T
r
o
qa
j
’
s
oi
o
ou
n
s
q
s
ne

e
uo
u
uº
n
u
p
t
u
pu
º
o
p
o
uu
oo
s
t
au
u
p
u
on
I
s
op
n
w
u
!
'
g:
º
*
º
i0
1
'
i'
9
'
o
ui
g
u
'
t
oz
s
n
'
s
Jø
o
q
u
ue
d
o
t
po
u
p
o
u
u
u
v
so
u
o
ø
e
ze
uh
o
u
q
o
u
t
n
:
y0
0
w0

ø
j
ø
å
a
‘
s
u
o
m
i
n
e
n
b
º
u
p
o
o
ø
u
d

u

u
p
u
n
p
„
s
s
ø
u
s
n
q
t
u
j
o
u
*
e
g
uo
º
r
u
u
j
o
o
o
u
uø
o
n
t
n
ue
p
u
,n
b
s
n
n
s
p
u

n
p

o
o
lq
q
i
s
uu
b
o
q
u

š„
u
s
s
oo
eu
s
n
oq
it
e
e
d
o
u
jð
o
u
st
r
ø
u
s
o
æ
o
q
u
o
uo
n
I
d
e
,
u
us
g
n
pp
a
u
p
n
o
on
u
s
!
u
ab
o
u
l
ò
u
a
qs
o
u
qo
aq
0u
0
6
'
1
8
9
$
J
o
q
u
n
o
t
u
b
a
q
q
o
u
e
d
e
s
e
q
o
u
n
d
o
n
s
q
u
a
t
t
r
º
ð
u
l
e
,
,
o
n
p
º
l
u
º
j
s
u
g
u
n
º
g
g
o

e
z
uº
op
p
qe
n
e
ø
r
ss
ø
e
p
w
n
a
p
o
S
z
uº
g
i
rr

'
8
9
Z
$
p
u
u
º
p
o
s
u
n
q
s
I
p
s
e
w
a
8
'
g
z
º
'
L
o
g
'
1
0
€
$
'
p
ø
l
ø
o
u
t
r
o
u
o
u
w
e
u
p
q
w
s
b
w
y
'
6
Ç
z
'
o
o
'
i
g
i
s
q
o
q
w
J
o
‘
u
o
e
u
o
d
u
o
o
n
p
o
r
o
K
a
p
o
u
t
u
r
o
.
O
e
q
q
0
4
0
0
0
'
0
0
0
'
#
Z
S
$
J
o
s
u
o

RECONSTRUCTION

o
m
u
ß
e
n
e
o
u
r
e
s
ø
q
q
u
q
q
n
q
º
s
u
n
o
t
u
ð
t
e
n
p
a
p
u
q
u
a
l
o
g
p
u
o
;
s
x
u
e
q
p
u
u
t
u
u
o
p
o
o
n
u
o
u
u
o
J
o
o
a
q
n
&
q
ø
p
e
u
t
a
e
q
s
n
o
A
ø
r
s
u
p
o
j
o
B
u
o
u
b
u
g
º
u
º
u
u
ø
s
ø
j
d
ø
r
0
0
0
'
8
1
9
'
2
6
1
$
s
ø
p
n
p
o
u
u
r
u

u
q
v
u
o
n
n
o
u
n
“
,
&
#
2

FINANCE

CORPORATION

13

§

;

;

i
i
to
w
a
m
by
S
d
t
f
q
of
1
u
t
u
h
a
i
e
9
o
r
h
i
d
t
r
z
i
3
e
t
a
c
s
n
e
i
s
5
h
o
,
t
g
n
r
s

É

i
i
#

;
i

#

ii
;
i
;
i
!
i
:

T
2
of
n
b
e.
o
A
r
t
r
N
e
B
o
u
w
c
m
L
e
b
w
r
.
e
E
s
r
,

Class

------

t
A
a
as
e
m
n
d
i
c
-o
t
-n
,
--

a
as
A
p
m
n
e
d
o
c
r
-ati
,
o
n
-

b
c
or
i
to
A
o
n
u
t
n
m
d
h
s
u
o
i
r
d
e
s
n
r
t
z
a
e
c
r
t
i
s
r
a
o
n
lA
s
F
C
s
t
of
5d
R
o
e
i
c
r
o
c
p
e
n
h
o
s
t
r
a
c
a
n
u
t
c
e
,
i
.
o
e
n
C
F
R
t
of
5c
s
u
p
e
i
c
o
n
e
a
n
o
h
s
d
a
t
r
c
n
u
e
c
r
t
.
y
i
r
e
o
n u
C
F
R
t
o
5
s
T
e
o
i
ce
r
n
s
h
t
p
a
r
f
co
n
u
c
e
l
r
t
.
i
,
a
e
o
nl
m
a
of
n
f
S
o
u
n
o
b
a
r
s
o
c
n
t
e
s
r
.
g
i
a
b
p
c
a
l
t
e
r
o
g
s
i
t
o
m
e
c
n
k

i
f
t
in
e
Bn
i
od
r
s
g
h
r
u
a
o
s
i
g
w
t
e
n
rg
d
y
s

M
l
c
o
m
p
a
n
r
o
i
e
s
t
-g
a
-a
-g
n
-e
-

B
l
a
s
u
o
c
i
n
a
l
t
i
d
a
o
n
i
dng

c
a
d
o
n
s
e
g
a
r
v
a
n
e
t
o
r
s
n
)
i
d
t
n
-s
g-

B
t
c
(
r
lo
i
ea
r
m
n
c
ip
c
e
n
u
l
q
a
i
u
n
v
k
s
d
u
i
ee
r
s
t
n
i
g
C
F
R
t
o
5
s
u
L
e
i
c
o
n
e
s
h
r
d
a
t
r
f
c
n
u
p
e
c
t
i
.
o
r
s
e
n a

a
as
A
rm
ae
c
t
nd
t
ie
od
,
n
:

t
A
m
a
as
e
n
d
i
c
-o
t
-n
,
--

l
1
1
|
2
3
45
||
18
30
|
-|
------

c
m
o
n
a
p
e
i
------s
|-

-------*

--------

--------

------

3
|
1
2
4
5
30
-|
-|
8|
|
-----

2
4
5
||
18
|
1
|
---3
-|
!
-|

9,
1
as
a
e
m
d
n
9
-3
-3
--,
|
-

-----

5
|
1
I
2
*
3
|
|
-|
|
-|
--

M
A
1
of
a
as
e
m
n
o
d
9
r
c
t
3
g
3
a
t
g
,
|
e
-

-----

H
=
H
F
==F
F
=
F
=

1
'-----2

o
t
10
a
l
.
r
-a
-n
-d
-'

1
m
a
as
n
e
d
9
9
3
4
,
,
-|

m
b
to
t
in
e
Li
o
n
r
o
l
n
g
h
r
l
a
i
on
we
g
g
s
r
,
d
s
of
o
u
14
t
a
Jm
p
r
n
e
p
u
h
c
l
r
e
dt
c
o
n
s
e
i
v
t
n
.
e
,
r
g
d
d
of
a
b
l
t
f
or
to
Lr
e
r
a
o
i
n
v
h
o
g
a
e
n
a
f
t
n
d
e
g
r
i
o
e
s
,
t
n
N
t
S
3
I
of
A
a
Mp
o
i
e
0
I
p
a
t
h
c
ra
c
4
I
o
rl
v
t
e.
,
ed i
d
u
s
3
t
I
of
E
Fi
m
n
s
e
a
t
6
I
h
r
d
r
g
c
i
e
l
c
,
e
n
.
m
t
c
r
e
s
y or

am
as
9
e3
nd
3e
,
d
t
c
m
o
a
p
i
n
s
e
r
-u
-s
-t
-- 1
|
L
D
*
u
p
e
l
i
s
c
as
t
i
o
:
ns

a
t
b
of
f
p
s
S
u
r
b
r
a
e
t
s
f
c
n
o
u
r
e
i
p
r
s
k
c
t
d
r
i
o
e
t
s
k
n
d
sP
of
c
n
or
d
b
au
e
a
r
o
b
p
e
c
n
t
h
i
t
a
e
u
k
s
d
a
r
e
s
l
c
(
a
t
b
of
p
L
r
o
e
m
r
a
f
1
e
p
n
r
u
a
)
e
n
d
s
k
i
d
s
t
o
e
.
s
c
n
s
k
T
s
3
t
I
of
a
M
9,
p
o
i
e
0
I
p
a
t
h
c
ra
c
4
I
o
r
l
v
e
t
.
,
e
,
d

M
1
9,
am
as
9
e
a3
nr
d3
ed
.
,
:

t
a
of
b
on
Lo
r
s
l
a
mp
n
s
o
h
u
a
e
s
n
s
k
i
d
e
t
e
t
s
d
F
C
t
R
of
s
5e
u
e
o
i
c
r
o
n
e
p
h
o
s
d
a
t
r
c
a
n
u
t
e
c
i
t
.
o
r
e
n A
u
s
3
t
I
of
at
p
h
n
i
e
0
I
p
o
h
c
r
d
t
i
z
c
4
I
o
a
e
l
t
v
i
.
,
e
o
r
n
d
s
C
F
R
t
of
5d
s
T
e
o
i
ce
r
n
h
t
s
p
a
t
r
c
o
n
u
c
e
l
r
t
.
i
,
a
e
o
n c

p
to
A
a
g
r
u
t
r
i
e
c
i
e
p
h
m
a
e
t
i
n
s
o
t
n
e
s

p
of
P
a
r
t
u
i
c
r
p
a
t
c
i
o
n
h
s
a
ses

a
Am
as
e
n
c
de
d
t
-,-

!
#

;

!
;

;

;
;

|
|

#

i
;

Class
a
l
B
s
u
s
o
i
n
c
l
i
a
dt
i
d
i
n
o
n
g

2
1.

amended
as

º

------

-----1

2
6
1

A
a
as
e
m
d
n
c
--t-,--

2
------

1-----10
21

/
1
|
2--2
--

m
a
as
n
e
d
-------

N
t
s
3
I
of
a
M
9,
1p
o
i
9
e
0
I
p
a
t
h
c
r
3a
c
4
I
o
r
l
3
v
t
e
.
,
e
,
d

L
D
*
up
e
l
i
s
ca
s
t
i
o
:
n
s

21 20

amended

c
a
t
b
of
f
p
s
S
u
o
r
b
a
t
m
e
s
c
p
n
o
f
r
u
a
e
in
r
p
s
k
c
t
i
d
re
o
t
s
k
n
d
a
t
b
of
c
or
P
se
u
a
r
b
oe
p
n
c
u
t
i
h
t
a
s
k
u
e
d
r
a
e
t
s
l as
t
a
1
I
of
M
9,
s
3
Tp
9
i
o
p
I
a
e
0
h
c
t
r
3o
I
r
a
c
4
3
l
v
e
t
,
.
e
,
d

c
1
a
t
b
of
p
on
s
Lo
r
a
t
m
e
p
n
f
u
o
a
e
n
r
s
k
c
i
d
r
e
t
s
k
s
d

a
as
1m
9
en
3
de
3d
,
:

F
C
t
R
of
s
5d
T
e
o
i
c
r
o
p
e
n
h
t
o
s
r
a
t
c
a
u
n
t
c
e
l
i
.
o
e
,
n s
u
c
t
a
of
b
on
Lo
s
l
n
r
a
m
e
p
n
s
o
h
d
u
ac
e
s
n
e
s
k
i
d
t.
e
r
t
s
d
a
A
as
F
C
t
R
of
5e
e
m
o
i
c
r
e
o
c
n
p
h
o
s
d
r
a
t
e
a
d
n
u
t
c
e
i
,
o
e
n9,
I
t
of
a
M
s
3
u
Ap
t
i
n
h
I
p
a
e
0
o
h
c
r
t
d
i
I
o
r
c
4
z
a
l
e
v
t
i
,
e
.
r
o
d
n
s

to
p
A
a
g
r
u
t
i
r
c
e
i
e
p
a
m
h
t
i
e
a
o
n
s
t
e
s

p
of
P
a
r
u
t
i
r
c
i
p
h
a
t
i
o
s
n
e
s
-

6
1--|
2
l
2
---

A
a
as
F
C
R
t
o
e
m
i
c
r
o
e
n
p
h
o
s
n
a
t
r
d
a
n
u
e
t
c
,
d
i
o
e
n
:

A
as
F
C
R
t
of
5c
u
o
e
n
i
c
r
o
d
c
n
p
o
s
h
e
a
t
r
a
s
n
u
t
c
e
i
,
c
o
e
.
n 5d
of
b
u
c
or
i
to
A
n
o
u
t
d
m
h
s
u
o
e
r
i
sn
r
t
z
s
c
a
e
t
i
c
s
a
o
n
.
l
s
A
C
F
R
t
o
5
s
T
e
i
c
o
r
e
p
n
o
s
h
t
a
r
t
f
c
a
n
u
t
c
e
l
,
i
t
.
o
e
,
n of
a
s
n
f
S
l
c
o
u
n
b
t
s
o
m
a
s
o
c
p
r
e
i
a
s
p
c
n
r
t
a
i
n
y
b
k
l
o
,
e
n

i
f
t
in
e
Bn
o
i
d
r
s
g
h
u
h
a
o
s
w
i
g
t
e
n
rg
d
y
s

c
a
e
n
o
r
s
a
v
o
t
s
r
)
n-td
s
-- c
l
Mom
o
r
p
t
a
g
n
a
i
n
g
es

r
(
c
t
a
B
i
e
o
q
c
n
r
a
m
u
e
c
p
n
i
l
u
d
a
v
u
n
e
d
s
k
t
i
r
e
n
s
t
,
g
L
u
F
o
5
t
C
R
A
e
n
o
i
c
r
o
d
c
n
p
e
h
s
o
a
t
r
f
a
s
u
n
c
t
e
i
,
s
c
o
e
.
nl

am
as
ende
d:

-

Loa

16
1

----

1----

S
f
e
at
t
of
o
a
oe
t
n
bl
oe
t
d.
s

&

3
20
11

b
to
e
t
in
m
s
or
of
o
i
m
n
r
g
n
l
e
r
h
a
l
i
o
t
w
g
n
i
e
g
n
r
s
d
,
g
t
u
s
3
I
of
E
F
Mm
o
r
n
i
e
a
r
i
6
I
h
t
d
c
g
r
t
e
l
a
,
e
n
s
.
m
g
c
r
e
,
y L
L
f
or
to
t
b
d
of
l
a
ir
e
o
a
n
i
o
h
v
a
g
e
nf
a
n
t
r
e
g
d
s
i
e
s
,
o
t
n
o
u
S
t
of
14
a
J
1
as
p
m
r
n
9
e
p
u
h
c
9
n
e
d
r
3c
o
n
e
s
v
4
e
t
,
d.
e
,
r
d
-

A
1
of
a
as
e
m
d
n
9
c
3
-3
t
,
--

G
t
o
t
r
a
l
.
a
-n
-d
--

3.
1
–
of
q
f
t
d
S
by
m
w
a
to
e
b
n
2
T
u
C
o
.
t
o
i
a
h
r
A
9
e
n
h
r
N
t
d
i
c
o
B
u
i
3
r
z
w
m
t
e
a
n
s
c
.
L
w
b
u
e
s
i
r
5
t
,
o
h
E
g
r
n
d
,
s
-

-

|

i

:
:

i

|
;

:

.|
;
-

Class

-

-

Bs
l
a
uo
i
n
c
l
i
dt
a
i
d
i
n
o
g
n

c
a
l
o
i
n
g
q
s
u
e
n
i
r
v
d
n
a
t
d
o
i
r
n
s
)
g

F
R
t
o
5
s
u
L
e
i
c
o
n
e
h
s
a
t
d
r
f
c
n
u
e
c
t
.
i
r
s
e
o
n r
(
c
t
a
Be
i
o
c
n
r
a
m
e
c
p
n
i
l
u
a
v
u
n
e
d
s
k
i
r
e
s
n
t
,
g

as
A
a
C
o
m
r
c
e
pn
o
r
t
d
a
e
td
,
i
o
n
:

B
e
t
f
in
i
o
n
i
r
g
s
ro
h
aw
h
g
i
e
n
r
d
g
s

Mom
l
c
r
o
p
t
a
g
n
a
i
g
n
es
e

F
R
T
S
o
5
t
e
i
c
o
e
n
t
s
h
a
t
r
c
f
n
u
c
e
l
t
.
i
,
o
e
n

a
A
as
C
m
e
o
n
d
r
e
c
p
o
r
t
a
t
i
,
o
n
-

m
a
of
s
n
f
S
o
u
n
b
t
r
s
a
o
c
s
t
r
g
e
i
s
p
c
a
r
t
g
i
k
b
o
l
e
nc
t
R
of
c
s
5c
u
o
n
o
e
n
m
h
s
d
t
p
r
a
c
u
e
c
t
n
.
i
r
o
y
n

a
A
as
F
Co
m
i
r
c
p
e
n
o
n
r
a
t
a
d
n
t
e
c
i
,
o
d
e
n

b
c
or
i
to
A
o
n
u
t
m
d
h
s
u
o
r
i
e
sn
r
t
z
c
a
e
t
i
s
a
o
n
lC
s
F
t
R
of
5d
u
s
e
i
c
n
o
e
h
s
t
d
a
r
c
n
u
e
c
r
t
.
i
r
o
e
n

--

to
p
A
a
r
t
u
g
i
c
r
p
a
e
t
i
c
o
n
h
m
s
a
e
n
s
t
s
e
-

p
P
of
a
u
r
t
i
c
i
p
h
a
t
i
s
o
n
e
s
-

Pºiº
Ame
a
as
cnd
ted
,:

s
II.

F
T
s
R
t
of
5d
e
i
on
c
e
s
t
h
a
r
c
u
n
c
l
e
t
i
.
o
e
,
n

C
A
a
as
m
o
e
n
r
d
e
p
c
o
r
t
a
t
i
,
on
-

p
u
t
of
5e
R
F
e
n
c
i
a
d
o
n
e
h
s
t
a
r
i
s
u
n
e
c
t
c
i
s
e
.
o
n
L
t
on
a
c
of
bs
l
o
a
rh
s
o
n
a
ue
s
n
k
e
d
m
ts
d
t

C
A
a
as
m
e
o
n
d
r
e
p
c
o
r
t
a
t
i
,
o
-n
-

A
u
s
3
t
I
of
at
n
i
h
e
0
I
o
r
h
c
d
t
i
z
c
4
I
a
e
l
t
i
.
,
o
r
e
n
s

a
p
on
s
br
of
t
a
e
f
n
o
er
c
k
s
r
de
k
s
d

º

M
1
9,
am
as
9
a
e3
nr
d3
e.
d
,
:

a
t
c
o
p
m
a
i
n
r
e
s
n
u
--s
d
t
--

P
of
c
n
or
d
bu
e
a
r
o
b
p
e
c
t
n
h
i
t
a
e
u
k
s
r
a
e
s
l
s

t
c
m
o
p
n
a
i
r
s
e
-u
-s
-t
--

f
p
s
S
u
r
b
e
s
c
o
f
r
e
i
p
r
t
r
i
o
e
n
d
s

p
a
n
i
e
s
'
------

T
s
3
t
I
of
ap
o
i
e
0
I
p
t
h
c
ra
c
4
I
ol
v
e
t
.
,
e
d

M
1
9,
a
as
m
e
n
d
9
e
a
.
3
r
3
.
,
--

70
L
l
p
u
D
n
o
t
a
c
i
-e
'
s
|
|
s
|
s
|
|
:
|
-

------

M
1
9,
a
as
2
l
8
m
!
*
3
e
6
n
1
d
e
9
a
--4|
3
r
3
3
--.
|
,
--

N
t
s
3
I
of
ap
o
i
e
0
I
p
t
h
c
ra
c
4
I
ol
v
t
e
.
,
ed

-------

51
16
I
3
|
m
a
as
1
of
A
M
F
g
n
e
d
.
o
9
e
|
r
a
|
c
t
3
n
|
g
r|
3
c
a
t
|
g
m
,
y
|
e
-

L
to
or
f
t
b
of
l
a
dr
i
e
o
a
r
n
o
h
i
a
v
e
n
r
f
a
n
e
r
g
d
i
e
s
t
,
u
s
3
t
g
d
I
of
Ei
a
n
e
s
m
6
t
I
h
d
r
c
i
e
l
,
c
o
e
.
r
t
n
e
s

-----

6
l
|
|
|
|
a
as
1
J
m
e
d
n
9
u
9
3
n
4
,
e
,
-

ors
m
t
in
e
b
to
Li
o
n
l
r
n
g
h
r
l
a
i
ow
n
g
e
g
r
s
,
d
a
t
of
14
s
u
op
m
n
r
p
e
c
h
r
l
d
eo
c
t
e
s
v
i
t
e
.
n
r
,
d
g

:

-------

t
G
o
a
16
10
6
8
27
.
l
2
9
4
1
r
a
4
-4
0
n
6
d-

a
as
t
1
s
3
of
M
9,
um
p
9
n
i
e
p
a
h
c
0
n
r
3
d
od
o
c
r
3
e
n
v
t
4
d
e
.
,
r
s
.
d

q
p
a
w
m
d
t
i
as
n
b
of
u
o
t
n
u
r
h
a
e
o
r
h
s
i
o
t
i
r
d
z
m
w
a
o
e
u
n
t
w
i
r
e
c
o
g
n
.
,
s q
h
p
a
w
m
d
t
i
as
n
b
of
u
o
t
n
u
r
h
a
e
o
r
h
s
i
o
t
i
r
d
z
m
w
a
o
e
u
n
t
w
i
r
e
c
o
g
n
.
,
s
h

A
a
as
F
s
C
t
o
m
i
r
c
e
n
p
u
o
c
a
t
d
a
n
e
t
i
c
,
d
o
.
e
n
-r

reviousº:

A
a
as
F
Co
m
i
r
c
e
p
n
o
a
r
t
d
a
n
t
e
i
c
,
d
o
.
e
n

A
a
as
F
C
R
o
e
m
i
c
r
o
e
n
p
o
s
n
a
t
r
d
a
n
u
t
e
c
i
,
d
o
.
e
n

w
a
d
p
q
u
r
t
e
a
h
r
c
o
e
r
i
t
d
e
s
n
i
z
r
e
n
g
.
d

R
F
C
A
a
as
e
o
m
c
i
o
r
e
n
p
s
o
n
t
a
r
d
a
u
n
t
e
c
i
,
d
o
e
n
.

n
t
f
d
b
h
r
T
c
w
1
q
to
p
m
a
o
D
*
u
e
o
t
u
s
m
i
r
h
9
d
e
a
c
p
m
h
o
n
r
u
i
l
3
r
b
o
c
e
s
i
n
3
d
z
t
s
d
o
a
5
e
t
n
i
m
s
5
o
d
l
t
r
,
g
d
n
.
yb
n
b
d
f
t
h
r
T
q
1
of
w
c
to
m
p
a
D
*
u
e
o
t
u
s
h
i
m
r
9
e
d
a
c
p
o
m
h
r
w
u
i
e
l
3
s
b
c
o
v
n
r
d
z
i
t
a
s
d
o
5
e
i
n
o
e
m
5
n
d
t
l
r
,
g
s
.
yh
A
s
F
C
a
t
R
as
of
5,
u
q
1
f
to
p
w
l
*
o
e
o
m
u
I
i
c
r
n
9
t
o
c
u
p
e
h
n
a
r
o
s
d
3
i
a
t
l
r
c
o
d
a
n
u
t
e
5
s
i
w
c
d
t
e
z
,
h
i
.
m
o
r
t
e
s
u
i
n
b
,
d
t
R
of
s
5e
w
m
to
a
an
q
1
f
r
D
e
u
o
n
c
t
9
i
u
e
o
h
a
r
p
c
n
h
a
P
l
s
r
o
d
i
3
t
r
a
u
i
o
c
d
z
t
e
n
5
s
c
w
a
e
n
r
o
t
s
.
i
l
r
g
,
t
n
o
v
d
r
y
.
niousc
d
or
n
c
s
p
of
w
in
i
a
b
h
l
to
e
“
1
B
e
r
u
o
p
a
t
s
n
b
h
e
r
i
t
a
p
n
h
l
c
o
f
r
n
t
i
e
a
l
h
o
c
u
r
v
.
t
a
w
u
e
c
i
n
k
r
s
d
,
a
i
z
n
h
o
e
m
s
t
,
n
”
l
e
s
d of
b
d
f
t
n
r
T
q
1
of
w
c
to
m
p
a
D
*
u
e
o
t
u
s
h
i
m
r
9
a
e
d
c
p
o
h
m
r
i
u
e
l
3
r
s
v
b
e
c
o
n
3
d
z
i
t
a
i
s
d
o
e
5
n
o
e
i
n
m
5
d
t
l
r
,
g
s
.
yb
F
A
s
C
t
R
a
of
as
q
u
5,
f
1
to
w
p
I
7
o
l
e
o
n
u
i
c
m
r
o
d
9
t
c
u
e
h
n
p
a
r
o
s
l
3
i
a
t
r
c
o
d
u
a
s
n
t
w
e
5
o
i
d
c
s
z
i
t
e
,
h
d
c
m
n
o
r
e
,
.
s
t
in
i
u
n
b
d
n
e
c
l
t
d
i
a
u
i
n
d
o
r
g
n
d
d
t
f
b
to
l
a
i
m
in
c
s
w
1
of
O
*
r
u
n
o
s
e
t
i
a
h
9
o
c
r
m
n
r
h
c
s
p
a
l
i
t
3
f
a
i
d
u
g
o
z
e
t
n
a
s
c
2
r
i
d
n
e
o
g
t
h
e
,
n
d
r
g
s
o
1
T
a
,
h
n
b
d
f
m
l
c
i
in
t
q
of
as
u
s
e
o
n
t
9
m
i
h
e
d
r
o
c
a
p
n
u
t
l
s
3
r
i
a
f
i
e
c
o
g
u
d
m
z
n
5
t
s
a
d
i
u
r
e
t
s
n
m
g
o
c
.
i
e
,
o
d
g
r
h
s
n 11
of
5e
R
w
m
to
q
a
an
1
r
D
f
e
u
c
o
t
h
9
i
a
r
p
n
o
h
a
s
r
3
r
c
o
z
t
e
a
5
s
c
w
e
t
r
.
i
s
,
t
l
o
y s
.
A
F
C
w
a
as
5,
t
of
R
o
b
to
l
q
u
*
f
1
e
i
c
m
o
u
r
t
n
p
9
c
u
e
h
a
r
o
s
h
n
a
d
e
3
t
r
c
d
s
o
a
n
u
t
i
e
w
s
5
c
z
n
i
t
e
,
h
.
d
m
s
r
o
e
,
n
d
s
A
F
C
a
as
5,
t
of
R
q
u
1
to
f
p
w
b
l
*
e
o
m
I
i
c
u
r
o
n
9
t
e
h
p
a
o
s
h
r
c
n
d
3
i
a
g
t
r
o
l
c
d
a
n
u
t
w
e
5
s
o
i
h
c
d
i
t
e
z
,
h
.
m
r
s
o
e
,
n
d
s
t
of
5e
b
u
w
m
to
q
a
1
r
D
f
p
in
io
e
r
u
n
t
h
9
i
e
r
a
p
c
o
h
r
d
e
3
o
v
l
i
t
c
r
d
z
a
i
u
w
t
e
s
5
n
o
d
e
r
i
.
t
s
u
r
e
o
,
l
g
n
.
s
d
y q
I
t
b
w
to
l
a
p
f
q
1
of
u
s
as
5,
R
F
C
A
e
o
n
u
m
c
i
o
t
r
9
c
h
e
p
u
a
n
w
r
s
l
o
a
i
3
d
t
r
u
o
c
w
t
n
a
i
o
s
5
e
d
c
z
e
t
i
m
.
d
,
h
r
s
o
,
e
s
d
n
b
i
u
t
p
in
q
r
D
f
1
of
a
w
m
to
5e
o
n
r
u
e
t
i
9
h
r
c
e
a
p
o
h
r
i
l
d
v
o
3
e
t
u
a
i
r
z
d
c
w
e
n
s
t
5
d
o
e
r
i
t
u
s
.
r
l
o
g
,
e
n
s
d
y
.
t
m
o
of
u
b
a
or
to
C
w
in
e
n
*
D
l
o
t
u
r
a
n
h
p
o
s
m
r
l
h
n
e
o
s
u
d
k
i
c
p
r
i
a
n
z
w
b
f
s
e
r
.
t
w
i
n
r
e
k
o
c
t
r
s
,
y
n
a
s
s
t
of
5e
R
w
m
to
b
u
q
a
an
1
r
D
f
p
in
io
u
e
r
n
t
9
i
e
a
h
r
p
c
o
h
a
r
c
d
3
v
i
l
t
c
d
i
o
a
r
u
z
t
e
o
w
a
5
s
n
d
e
t
r
o
.
i
s
u
n
r
,
t
l
g
o
.
s
d
n
ys
a
l
t
s
C
p
w
on
i
of
r
n
f
h
bu
W
to
o
r
e
i
s
t
e
h
p
o
a
i
g
s
h
f
m
r
o
a
e
t
u
p
r
n
b
c
v
a
i
r
t
s
e
c
n
z
s
e
r
i
k
c
o
n
h
e
k
s
.
r
,
d
t
n
s
.

q
p
a
w
m
d
t
n
b
i
as
u
o
n
t
r
u
h
a
o
r
h
e
s
i
o
t
i
d
m
z
w
o
e
a
u
s
n
w
t
r
e
c
i
g
o
.
s
,
h
n

a
A
as
F
Co
m
i
r
e
c
n
p
o
r
a
d
t
a
n
e
t
c
d
i
,
o
e
.
n

S

3.

#

#

i

i

É

;

i
i

1
of
q
f
t
d
Su
by
t
i
9
a
h
rr
t
8
i
t
e
s
e
n
s
5
t
g
r
,

:
i

#
c

#

B:

É

|
;
i

a
of
3
T
u
.
t
A
h
o
N
r
B
i
u
z
a
m
L
t
b
i
e
o
E
n
r
s

f
:

c:

Class
t
A
a
as
e
m
n
d
i
c
-o
t
-n
,
--

A
a
as
C
e
m
n
o
d
e
r
c
p
o
r
t
a
ti
,
o
n
-

b
c
or
i
to
A
o
n
u
t
n
m
d
h
s
u
o
r
d
i
e
s
r
t
z
n
a
e
c
r
t
i
s
r
a
o
s
n
las
A
F
C
R
s
t
of
5d
o
e
i
c
r
o
c
n
p
e
o
s
h
a
t
r
c
a
n
u
t
c
e
i
,
.
o
e
n
m
a
s
l
f
n
S
o
u
n
b
t
r
o
s
a
c
t
s
o
r
g
a
e
i
s
c
p
a
r
t
g
n
i
b
k
o
l
e
F
c
s
t
of
5c
R
u
n
e
i
c
o
n
e
n
m
h
s
t
d
a
p
r
c
n
u
a
e
c
t
n
.
i
r
o
e
y
n u
F
C
T
S
o
5
t
R
e
i
o
ce
n
r
t
h
s
a
p
r
c
f
n
u
o
c
l
e
t
r
.
i
,
o
e
a
n of

e
B
t
in
f
i
n
o
d
n
u
i
s
t
r
g
s
y
r
h
a
o
w
g
i
e
n
r
s
d
g
-

c
A
o
g
r
p
o
r
i
a
t
e
c
i
o
u
n
d
l
s
ti
u
r
a
t
l

b
l
J
a
o
n
k
i
s
a
n
t
n
s
t
o
d
c
k

M
l
c
o
m
p
o
a
n
i
e
r
o
s
t
-g
a
-a
-g
n
e
-

r
(
a
l
Be
i
s
u
c
n
o
i
e
c
n
l
iv
u
a
d
e
t
i
d
r
o
n
s
g
)
s

c
a
d
o
n
e
s
r
g
a
v
o
t
r
s
n
e
)
n
i
-d
t
ns
g
-

r
(
c
t
a
Be
i
o
c
n
r
a
m
e
c
p
n
q
i
l
u
a
v
u
n
u
e
d
s
k
i
r
e
i
s
n
t
,
g
L
u
s
F
o
5
t
C
R
e
i
o
c
n
e
n
r
h
s
a
d
t
p
c
f
r
u
n
o
e
c
t
r
.
s
i
o
e
a
nl

a
as
A
tme
c
ind
t
oed
,
n:

amend
ed:

M
1
9,
am
as
9
a
en
3
r
d3
e.
d
,
:

M
A
1
of
ao
as
m
9
r
e
c
t
3
n
g
d
3
a
t
e
g
,
e
d

12

G
o
t
a
-r
l
-a
-n
-d
-

1
m
a
as
n
e
d
9
9
3
-4
,
,
--

b
to
e
t
in
m
ors
o
n
i
o
r
l
g
n
r
h
l
a
o
iw
g
ne
g
s
r
d
,
s
o
of
u
t
14
a
Jm
p
r
n
e
p
u
h
c
l
r
e
d
t
o
c
n
s
e
i
v
t
n
.
e
,
r
g
d
L
to
or
f
t
b
of
d
l
a
ir
e
o
a
r
n
o
h
i
v
a
g
e
n
a
f
n
t
r
e
g
d
i
e
s
o
,
t
ni
d
u
s
3
t
I
of
E
F
ms
n
i
e
a
t
6
I
h
r
d
r
g
c
i
e
l
c
,
e
n
.
m
t
r
e
cs
y L

1
am
as
9
e3
n3
de
,
d

T
s
3
t
I
of
a
M
9,
p
o
i
e
0
I
p
a
t
h
c
ra
c
4
I
o
rl
v
e
t.
,
ed

t
c
m
o
a
p
i
n
s
e
r
-u
-s
t
--

º

C
m
o
n
a
p
e
i
-----s

a
t
b
of
f
p
s
S
r
b
r
a
e
t
s
c
n
o
f
r
u
e
i
p
r
s
k
c
t
d
r
i
o
e
t
s
k
n
d
sn
on
p
s
of
b
a
t
cr
oo
e
t
a
r
m
p
f
n
a
o
u
e
n
r
n
c
k
s
i
r
d
es
k
t
d
.u
a
t
on
of
b
Lo
s
l
r
a
mp
n
h
s
o
u
a
e
s
n
s
k
i
d
te
e
t
s
d
s
F
C
t
of
5e
R
u
o
e
i
c
r
n
o
p
e
n
s
h
o
a
t
d
r
c
a
n
u
e
t
c
i
.
r
o
e
n A
u
S
3
t
I
of
ap
t
n
i
h
e
0
I
p
o
r
h
c
i
d
t
z
c
4
I
o
a
e
l
v
t
i
.
,
e
o
r
n
d
sL
P
d
or
of
b
au
e
r
o
b
a
e
c
n
t
h
a
e
u
k
s
r
d
e
s
F
C
R
T
s
t
of
5d
e
i
o
cn
r
e
s
t
h
a
p
r
c
n
u
o
c
e
l
t
r
i
.
o
e
a
,
n c

to
p
A
a
u
g
rt
r
e
i
c
e
i
h
m
p
a
e
n
t
s
i
e
o
s

p
of
P
a
r
t
u
i
c
r
p
a
c
t
i
o
h
n
a
s
-es
t
A
a
as
e
m
n
d
i
c
-o
t
-n
,
--

A
m
a
as
n
e
d
-c-t
-,
--

}
i
:

!:

;
i#

|
::

;

;
i
I

;

;

|
i
-

Class

-

t
A
a
as
e
m
n
d
i
c
-o
t
-n
,
--

A
a
as
C
e
m
n
o
d
e
r
c
p
o
r
t
a
t
i
,
o
n
-

b
c
or
i
to
A
o
n
u
t
n
m
d
h
s
u
o
r
i
d
e
sn
r
t
z
e
c
a
t
i
s
r
a
o
n
lA
s
m
a
of
s
f
n
S
o
u
n
b
t
r
o
s
a
c
t
o
s
r
g
a
e
i
s
c
p
a
r
t
g
n
i
k
b
o
e
l
F
R
c
s
t
of
5c
u
n
e
i
c
o
n
e
m
h
s
d
a
t
p
r
c
n
u
e
a
c
t
n
.
i
r
o
e
y
n u
C
F
R
t
of
5d
s
o
e
i
c
r
o
c
e
p
n
o
s
h
t
a
r
t
c
u
a
n
c
t
e
i
c
,
.
o
e
n
.
F
C
R
T
s
o
5
t
e
i
o
c
e
n
r
h
s
t
a
p
r
c
f
n
o
u
c
e
l
t
r
.
i
o
e
a
,
n l

e
f
Bn
t
in
i
o
i
r
d
g
s
h
u
o
a
h
s
w
g
i
t
e
n
rg
d
s
y

c
A
o
r
g
p
a
t
i
c
o
e
n
s
u
d
l
t
u
i
r
a
t
l

b
l
J
a
o
n
i
k
a
s
t
n
s
td
o
c
k

c
l
M
m
o
p
a
i
n
e
s
o
rta
ga
n
g
e
-

B
a
l
(
r
s
i
e
u
s
c
n
i
o
e
c
n
l
iv
d
a
u
e
t
d
i
r
d
i
s
n
o
)
n
g
s
.

c
a
d
o
s
n
e
r
g
a
v
t
r
o
s
n
e
)
n
i
:
d
t
n
s
g
---

r
(
c
t
a
Be
i
o
c
n
r
a
m
e
c
p
n
q
i
l
u
a
v
n
u
e
d
s
k
i
r
e
i
s
n
t
,
g
C
F
R
t
o
5
s
u
L
e
o
i
c
n
e
r
h
s
d
a
p
t
r
f
c
o
n
u
e
c
r
t
.
i
r
s
a
e
o
n l

-

a
as
A
tme
c
ind
t
oed
,
n:

a
as
me
nded:

-

t
A
m
a
as
e
d
n
i
c
-o
t
--n,
a
as
Mm
1
9,
9
e
an
3d
r
3
ed
.
,
:

a
t
on
of
b
Lo
s
l
r
a
mp
n
h
s
o
u
as
e
n
s
k
i
d
te
e
t
s
d
s
F
C
o
e
5
t
R
ui
c
r
o
n
e
p
o
s
h
d
a
t
r
c
f
a
n
u
e
t
c
i
.
r
o
e
n a
L
p
s
b
of
a
t
cr
o
e
t
a
mf
n
p
a
o
u
er
n
c
k
s
r
d
is
e
k
td
s
I
t
of
s
3
u
Ap
t
i
n
h
I
p
e
0
o
h
c
r
t
d
i
I
o
c
4
z
a
l
e
v
t
i
,
e
.
r
o
d
n
s on
F
C
T
s
t
of
5d
R
e
i
o
ce
n
r
s
t
h
a
p
r
c
n
u
o
c
l
e
t
r
.
i
,
o
e
a
n c

-------

to
p
A
g
u
a
r
e
c
t
e
h
i
mc
a
e
n
s
i
t
s
e
p

p
of
Pa
ur
t
ci
hc
ai
sp
ea
s

A
m
a
as
n
e
d
-c-t
-,
--

4
3
2
------

-------

2
8
3
-----

1

M
A
1
of
m
a
as
e
n
o
d
e
9
r
c
t
3
g
a
3
t
g
,
e
-

i
o
of
u
S
t
14
a
J
1p
r
n
9
e
p
u
n
h
c
9
e
d
r
3c
o
ns
e
v
4
g
t
,
e
.
,
r
d

L
f
or
to
t
b
d
of
l
a
i
r
e
o
r
a
n
o
h
i
v
a
g
e
n
a
n
f
t
r
e
g
d
i
e
s
,
o
t
nd
b
to
e
t
in
m
so
or
i
n
m
r
g
n
l
r
h
l
a
i
e
ow
g
n
l
e
g
s
r
t
d
,
s
u
s
3
t
I
of
E
F
i
ms
n
i
e
a
t
6
I
h
r
d
r
g
c
i
e
l
c
,
e
n
.
m
t
c
r
e
s
y L

1
a
as
e
m
d
n
9
-3
-3
-,
--

T
s
3
t
I
of
a
M
9,
p
o
i
e
0
I
p
a
t
h
c
ra
c
4
I
o
r
l
v
e
t
.
,
e
,
d

l-----4

P
c
of
n
d
or
b
au
e
a
o
b
r
p
e
c
n
t
i
h
t
a
e
u
k
s
d
r
a
e
s
l

t
o
c
m
a
p
i
n
s
e
r
-u
-s
-t
--

S
f
e
at
to
of
ae
t
n
bl
o
e
t
de
.
s

3.

3
48
1.
5

T50TTTT
40

m
a
as
d
n
e
--------

§

1
of
q
f
t
d
S
by
a
3
T
u
9
.
3
t
u
i
h
A
5
o
–
a
h
r
N
C
i
B
o
r
t
u
z
n
i
a
t
e
m
s
L
i
e
n
b
s
o
u
e
t
n
E
g
r
,
s
d

-

|
i

;

H
f

;
;

|
-

:|
-

:

É

|
|

Class

f

i

--

B
e
t
in
f
u
d
n
i
y
r
s
o
|
n
i
r
|
g
s
r
h
|
a
o
|
w
g
i
|
e
n
|
r
d
g
|
s
-

c
A
o
g
r
p
i
o
c
r
e
a
u
t
d
l
i
o
u
n
r
s
a
t
l
(
|
3
||
1
2
M
l
o
c
m
a
p
|
n
o
e
i
s
r
o
*
t
|
g
a
|
a
)
|
g
n
|
e
|
b
J
o
a
i
n
t
k
s
t
o
c
k
l
a
n
d

|
1
(
||
e
r
l
a
B
i
c
v
s
|
)
u
n
o
i
|
*
c
n
|
l
i
|
u
a
d
t
i
)
d
|
o
n
|
g
s
!

2
7
3
14
1
*
l
21
d
a
o
c
n
s
r
e
v
a
g
t
o
r
)
s
t
e
n
|
5
3
i
nn
d
t
g
s
--

r
c
(
a
t
Be
o
i
c
n
r
a
m
e
c
p
n
q
i
l
u
a
v
n
u
e
d
s
k
i
r
i
s
n
t,
e
g
s
L
u
s
F
o
5
t
C
R
e
i
o
c
n
e
n
r
h
s
a
d
t
p
c
f
r
u
n
o
e
c
t
r
.
s
i
o
e
a
nl

A
a
as
tme
c
ind
t
oed
n:
,

F
C
t
R
s
o
5
T
e
i
o
ce
n
r
h
t
s
a
p
t
r
f
c
n
u
o
c
e
l
t
r
.
i
o
e
a
,
n

t
A
a
as
17
m
1
4
3
7
6
2
n
e
d
i
c
4|
.
o
t
9
-n-,

m
a
of
l
s
n
f
S
o
u
n
b
t
r
o
s
a
c
t
o
s
r
g
a
e
i
s
p
a
c
r
t
a
g
n
i
k
b
o
e
l
n
F
t
R
of
c
s
5c
u
e
i
c
o
n
e
m
h
s
d
a
t
p
r
c
n
u
e
a
c
t
n
.
i
r
o
e
y
n

-------

a
A
as
C
1
e
m
d
n
o
r
c
p
o
r
t
a
|
t
i
,
|
o
|
n

b
u
c
or
i
to
A
o
n
u
t
n
m
d
h
s
u
o
i
r
d
e
s
n
r
t
z
e
c
a
t
i
s
r
a
o
s
n
lA
F
C
s
t
of
5d
R
o
e
i
c
r
o
c
p
e
n
h
o
s
t
r
a
c
a
n
u
t
c
e
i
,
.
o
e
n

to
p
A
a
u
g
r
t
i
e
c
i
p
h
m
a
e
t
n
i
s
o
t
n
s
e

p
P
of
a
r
u
t
i
c
r
p
a
c
t
i
h
o
n
s
a
s
es

o
L
n
a
------s

a
as
men
ded:

13
r
7
A
m
a
as
3
*
1
4
l
e
d
n
a
c
7
t
-3-5i
t
7
o
,
n
--

T
s
t
of
5d
R
F
C
e
o
c
ie
n
t
h
s
a
r
c
u
n
p
c
l
e
t
.
i
o
,
e
n

L
t
on
a
c
of
bo
s
l
a
r
m
h
n
p
s
o
a
ue
s
n
k
e
t
d
ie
s
t
d
u
s
5e
of
t
R
F
C
e
o
c
i
n
r
o
e
p
n
h
s
o
d
t
a
r
c
u
n
a
e
c
t.
i
r
o
e
n

-------

1
A
m
a
as
n
e
d
--c
--|
t
----,
-26
2
-

I
t
of
A
a
u
3n
p
t
d
i
h
I
p
0
o
e
h
c
r
t
i
r
I
o
4
z
s
a
l
v
t
e
i
,
o
c
e
n
d
.
s

º

51

s
of
b
a
t
o
c
on
L
i
n
p
m
37
l
e
|
o
t
a
r
|
n
a
o
u
|n|
c
k
s
|
d
s
|
k
s
t
||
S
f
p
s
of
b
a
t
u
r
b
s
e
t
a
r
c
o
f
n
r
u
e
i
p
r
c
k
s
t
r
d
i
o
e
k
s
t
n
d
sn
d
or
b
of
a
c
P
e
u
o
b
a
a
r
e
n
c
t
p
h
a
e
u
k
i
d
s
r
e
s
e
tal

M
1
9,
am
as
9
a
en
3r
d
3
e.
d
,
:

cr
ouu
sp
t
c
m
o
7
1
a
p
2
3.
i
n
s
e
n|
8
i
--e
5
s
--- t

-----

2
I
9
8
7
4
3
7
1
as
a
e
m
n
d
e
9
--3
-3
--,
--

a
M
9,
T
3
t
of
sp
I
o
i
p
a
e
0
I
c
t
h
rr
o
a
cl
4
I
v
t
e
.
,
e
d
1
J
a
t
of
14
u
o
sp
n
m
r
d
u
p
e
9
c
h
r
l
en
o
t
s
v
i
,
t
e
n
c
,
d
.
g

or
m
t
in
e
b
to
Li
o
n
r
l
n
g
h
r
l
a
i
ow
n
g
e
g
r
s
,
d

I

I
3
16
52
1
M
A
1
of
m
a
as
n
e
d
o
-9
r
|
c
t
3
|
|
g
|
|
a
3
t
|
g
,
|
e
|
-

u
d
s
3
t
I
of
Ei
F
m
n
s
e
a
t
6
I
h
r
d
r
g
c
i
e
l
c
,
e
n
.
m
t
c
r
e
s
y

º
*f;

l
a
L
f
or
to
t
b
of
eo
v
n
o
h
a
ef
e
n
d
r
i
,
s
t

n
e
m
a
as
1
-d
9
||
3||
4|
,
|- 933
6
7
8
10
t
4
1
G
3
14
12
22
40
o
r
8
t
a
4
3a
n
4l
d
-

q
p
a
w
m
d
t
i
as
u
n
t
u
r
h
a
e
o
r
h
s
it
i
r
d
z
m
o
a
e
t
u
n
i
r
e
c
o
g
n
.
,
h
s
w
m
d
p
a
i
t
as
u
n
t
r
a
e
h
o
r
h
i
st
r
d
i
z
m
a
e
o
u
n
t
r
e
i
c
o
g
n
.
,
h
s
q
p
a
d
m
w
t
as
i
u
n
t
u
r
h
a
e
o
r
h
s
it
i
d
r
z
m
a
e
o
u
t
n
i
r
e
c
o
g
.
n
h
,
sq

n
t
f
d
b
h
r
T
c
w
q
to
m
a
3
1
D
*
e
u
o
s
h
t
m
i
9
u
H.
r
d
e
a
c
p
m
h
o
u
i
r
e
l
s
3
b
o
c
v
i
n
r
z
d
t
a
s
e
i
5
t
o
n
m
e
i
d
l
t
r
o
,
s
n
.
y
g of
n
t
f
d
b
h
r
T
c
w
q
to
p
m
a
2
1
D
*
u
e
o
t
u
s
h
m
i
r
9
d
e
a
c
o
p
m
h
i
r
u
e
l
3
s
b
o
c
v
n
r
d
z
i
s
t
a
d
o
5
i
e
t
n
o
i
m
e
n
d
l
t
r
,
g
n
s
.
y of
n
t
f
d
b
h
r
T
c
w
q
to
p
m
a
12
1
D
*
u
e
o
t
u
s
h
m
i
r
9
d
e
a
c
o
p
m
h
r
u
i
e
l
3
s
r
b
o
c
e
v
n
d
z
i
s
t
a
5
e
i
n
o
m
e
n
d
l
t
r
,
g
n
d
s
.
yq
f
t
d
a
l
b
to
w
1
of
s
c
m
in
i
*
r
u
o
n
t
i
u
s
a
e
h
m
o
n
9
r
c
T
a
h
p
l
s
t
r
i
a
f
i
d
r
3
o
g
u
z
w
e
n
t
a
s
i
d
c
r
e
n
i
o
2
g
t
e
h
n
d
r
g
t
as
i
1
of
q
f
a
l
b
in
c
m
h
T
o
s
u
n
o
e
t
9
i
s
h
m
a
o
c
r
d
e
h
n
p
s
l
t
u
r
3
e
i
a
m
d
u
g
o
c
e
v
z
f
n
t
a
u
5
s
i
d
e
r
t
i
c
o
n
g
m
,
t
e
.
h
r
g
d
n
s
f
t
n
a
of
h
b
d
T
r
q
w
c
to
m
p
1
D
1.
e
o
u
t
s
m
i
r
9
d
e
h
a
c
p
o
m
r
u
i
l
3
o
b
c
e
s
n
d
z
r
t
o
5
a
i
e
s
t
n
m
z
i
o
d
l
t
r
,
g
a
n
.
yof

t
m
d
q
i
as
a
w
pu
n
t
i
r
h
a
r
o
h
a
s
o
id
i
t
m
z
n
a
o
e
u
s
t
e
r
c
i
s
g
o
,
h
.
n

d
p
a
q
w
l
u
r
t
o
e
a
r
h
v
o
at
i
r
n
o
e
z
u
r
e
g
s
d
.

§

§

1
i
3
M
to
2,
F
S
by
m
w
a
e
b
of
4
T
u
n
o
.
t
9
a
h
r
A
c
—
e
o
r
l
1
N
3
8
d
i
c
o
B
u
t
r
b
z
w
s
m
e
a
5
2
c
.
L
i
t
b
,
s
r
.
e
v
,
o
h
E
n
e
,
r
s

#

|
i
;
É

i
i
#

;
i

|

i

;

|

;
;

f
i
-

-

-

:

Class
M
l
c
o
m
p
a
n
i
r
o
e
s
t
g
a
a
-ge
n
c
Io
nm
sp
ua
r
ni
ne
cs
e

r
(
B
l
a
s
e
i
u
c
n
s
o
i
e
c
n
l
i
a
v
u
d
e
t
i
d
r
o
n
s
)
g
s

c
a
l
o
n
s
i
e
g
r
v
q
a
t
o
u
n
r
e
s
i
)
d
n
a
t
d
i
n
s
g

L
u
s
F
o
5
t
C
R
e
i
o
c
n
e
n
r
h
s
a
d
t
p
c
f
r
u
n
o
e
c
t
r
.
s
i
o
e
a
nr
c
(
t
ae
o
i
c
n
r
m
e
c
p
n
i
l
u
a
v
k
n
e
d
s
i
r
s
n
e
t,
g
s

a
as
A
tme
c
ind
t
oed
,
n:

--------

1
|
-|
|
--|
-

--

-----

-|
1
4
-------

34
1
18
2
||
6
5
43
88
3
56
5
0
3
6
9
7
216
4
8
9
2
1

t
A
a
as
m
n
e
d
i
c
-o
t
--n,

F
C
t
R
s
o
5
T
e
i
o
ce
n
r
h
t
s
a
p
t
r
f
c
n
u
o
c
e
l
t
r
.
i
o
e
a
,
n

e
t
f
Bn
in
i
o
i
r
d
g
s
h
r
u
o
a
h
s
w
g
i
t
e
n
rg
d
s
y
m
d
of
pe
up
o
e
b
n
os
n
li
e
y
t
c
s

w
a
s
p
to
d
or
Pr
i
u
s
o
t
c
b
h
r
e
j
i
s
b
u
e
s
o
t
i
c
o
n
r
t
g
sr
i
of
p
t
f
c
Sn
u
r
e
t
s
r
h
o
p
u
n
ar
o
t
a
d
i
e
r
s
n
y
e
d
g

a
t
r
Ru
(
e
a
i
s
t
e
c
is
n
n
e
l
)
*
i
r
u
v
o
d
e
a
i
r
d
n
s
g

c
L
o
r
p
i
o
r
v
a
t
i
e
o
n
s
d
t
o
i
c
t
k
-

c
Ro
a
g
e
r
p
i
g
o
e
c
i
r
u
a
d
l
o
t
n
i
uo
r
a
n
t
l
s
c
b
F
i
n
a
r
t
e
n
k
d
e
r
s
m
e
d
r
i
at
l
e
c
A
o
r
g
p
o
r
i
a
t
e
c
i
o
u
n
s
d
l
t
i
u
r
t
a
l

b
l
J
a
n
o
k
s
i
a
n
t
n
s
t
d
o
c
k
Fa
l
b
e
a
n
d
k
e
n
s
r
a
dl
C
u
n
o
i
s
r
-ed
i
t
-

taxes

---------

1
|
----|
--

c
u
s
t
of
5c
R
F
o
c
i
n
m
h
s
p
d
a
t
c
r
a
u
n
e
c
n
t
.
r
i
y
o
e
n
a
of
n
s
f
S
m
l
o
u
n
b
t
o
s
a
c
r
o
se
i
t
s
p
c
r
t
g
a
i
k
b
a
o
l
e
n
g
n
e

C
A
a
as
m
e
o
d
n
r
p
c
o
r
t
a
t
i
,
o
n

A
i
to
c
or
b
u
n
o
t
u
h
d
m
n
s
o
u
r
s
e
i
dz
t
r
n
a
c
e
t
i
s
o
a
r
n
s
ls
5d
of
t
R
F
C
A
e
o
c
i
r
o
e
p
c
n
h
s
o
t
a
r
c
u
a
n
c
t
e
.
i
,
o
e
n

17
2
4
6
7
13
5
48
13
10
15
2
6
5

4
10
6
20
2
17
61
1
56
7

t
A
a
as
m
n
e
d
i
c
-o
t
--n
,
---

-------

2
l
1
|
|
-|
-|
|
-

A
a
as
e
m
n
d
-c
--t
--,
--

t
A
of
1
as
am
9
i
e
c
n
3o
d2
e
tn
d
,
:

a
t
b
of
on
Lo
l
s
r
a
mp
n
o
s
h
u
a
s
e
n
s
k
i
d
e
te
t
s
d
C
F
of
5e
R
u
e
o
i
c
r
o
n
e
p
s
h
o
a
t
d
r
c
a
n
u
e
t
ci
.
o
r
e
n C
a
E
t
R
u
Ao
m
e
t
n
h
o
n
r
l
h
s
d
i
g
t
z
e
a
r
d
e
n
t
i
u
c
r
o
f
n
y
s
C
F
s
t
of
5d
R
T
e
o
i
ce
r
n
s
h
t
p
a
r
c
o
n
u
c
e
l
r
t
.
i
a
e
o
,
n c

2
l
*8
6
1
--|
-|--

*1
I
1
1.
3
7
-|
--|--

--

A
p
to
a
g
u
r
t
r
e
i
c
i
m
h
p
a
e
t
n
i
s
t
o
n
s
e

P
p
of
r
a
t
u
c
i
a
p
r
t
o
i
n
c
-h
s
-a
s
e
s
-

ans

a s I.

1,
s
r
w
a
f
me
ve
o
a
l
n
o
il
c
r
i
d
e
ad
e
r
b
f
.
k
l
f
,
e

I
t
(
2
s
-i
d
e
0
t
)
c
l
1
,
.
e
--

134

m
o
C
n
a
p
e
i
-----s

101

o
c
t
p
m
n
a
e
i
s
r
-us
-t
-

-----

A
t
of
I,
s
5,
u
Ld
g
r
j
i
n
o
e
u
c
h
s
t
d
a
u
t
l
cm
l
e
n
ur
.
n
e
s
a
t
l

m
a
d
n
e
-------

a
as
M
A
1
of
m
n
e
d
o
9
r
c
t
3
g
3
a
t
g
,
e
S
f
at
e
of
t
o
a
o
e
t
n
b
n
l
o
e
t
de
.
s

$3

G
d
t
o
a
l
-r-a
--n--

s
t
of
16
a
J
1
as
p
m
9
e
p
u
h
c
9
r
3
n
c
o
d
4
v
e
t
,
.
,
d

m
t
of
s
d
p
J
to
1
1,
ue
a
r
9
n
e
l
u
c
a
i
3
d
h
n
r
e
o
4
i
r
e
t
s
r
,
'
L
p
a
to
f
t
of
u
b
t
o
l
r
i
h
o
a
c
p
a
r
s
o
c
i
h
t
r
e
y
s
n
o
y
e
l
,

as
e
m
a
d
n
-------

i
o
of
u
t
14
a
J
1n
p
r
9
d
p
un
e
h
c
9
r
3o
n
s
v
4
g
e
t
,,
c
d
.

L
b
to
e
t
in
m
s
or
o
n
i
o
r
m
l
g
n
r
h
l
a
e
o
iw
g
n
l
e
g
s
r
t
d
,
s

u
t
a
A
1
9
3
p
4
n
p
h
c
3
d
r
o
e
i
v
t
,
e
r
l
d
--

f
or
1
in
a
J
F
of
e
a
l
9
b
no
3
r
ua
o
3
4
d
r
d
,
y

as
Tp
s
o
t
a
J
1
o
9
e
p
u
t
h
c
0
r
3
a3
c
f
o
n
v
l
e
t
,
.
,
d i
b
l
t
d
of
a
f
or
to
L
r
e
r
a
o
i
n
h
v
o
g
a
e
n
a
t
f
n
g
e
d
r
i
o
e
s
,
t
n
F
E
t
of
I
s
3
u
dm
i
e
n
s
a
r
h
I
6
t
d
g
r
c
e
i
l
n
e
,
c
m
.
c
e
r
ty
s f
L
r
or
p
of
e
i
r
c
o
no
a
p
s
t
n
a
r
e
c
u
n
r
i
t
s
n
i
r
o
y
g
n
d
e
by
c
t
a
o
y
n
r
f
c
m
t
l
h
a
n
l
g
q
r
a
o
u
g
a
t
d
n
e
k
i
o
e
d
n
,

P
n
a
y
------

c
i
an
of
s
p
f
S
u
n
r
b
t
s
e
o
u
f
c
o
r
e
l
i
a
r
p
c
n
r
t
i
c
u
e
k
o
e
d
n
i
c
of
p
s
on
L
o
n
r
m
p
s
e
t
o
a
n
u
f
i
o
a
e
r
s
a
r
c
n
r
c
e
k
s
e
d
-

a
as
1m
9
en
3
d
3
ed
,
:

t
a
s
o
J
1
u
Ap
t
n
h
p
e
u
o
h
c
0
r
d
i
f
o
c
n
z
e
a
v
t
,
i
e
.
o
r
n
d
s

a
1
of
A
e
m
n
d
9
c
33
t
,
-a
as
1
e
m
n
d
9
-33
-,
-- as

s
I
t
a
Np
3
of
M
9,
o
i
e
I
p
0
a
h
c
t
ro
a
c
I
4v
r
l
ee
t
.d
,

º
D
Lu
p
e
li
c
s
at
s
i
o
:
n
s

a
as
1m
9,
9
e3
nd
3e
,
d

f
S
p
s
b
of
a
t
u
r
b
e
t
a
r
s
c
o
f
n
r
u
e
i
p
r
c
k
s
t
r
d
i
o
e
k
s
t
n
d
s of
a
t
of
I
3
s
u
Ap
t
i
n
h
p
I
0
e
o
c
h
r
t
d
i
o
I
4
c
z
a
v
l
e
t
i
e
,
.
r
o
d
n
s1
b
P
or
c
d
n
e
u
a
b
o
r
p
e
n
c
t
i
h
t
a
k
u
e
d
s
r
a
s
e
l
s M
a
I
t
of
T
sp
3
o
i
p
a
I
e
0
c
h
t
rr
o
I
a
c
4
l
v
t
e
.
,
e
d
c
t
a
b
of
s
p
on
L
o
rm
r
a
t
e
op
n
f
u
o
a
en
r
s
k
c
i
d
re
t
s
ks
d a

as
1
9,
Mm
9
e
an
3d
r
3
ed
.
,
:
m
a
as
1
e
d
n
9
-32
-,
-- a

b
of
r
o
º
l
e
u
c
o
i
o
a
n
l
s
d
t
r
i
f
u
c
n
o
t
r
g
i
o
s
n
of
A
C
a
R
E
T
o
m
n
es
c
t
n
l
rg
u
i
a
e
c
t
d
e
n
l
i
c
o
f
,
y
n
t
(
II
2
s
p
S
e
i
r
l
n
f
o
a
e
c
l
0
j
t
i
q
e
u
)
c
i
d
l
1
t
i
a
,
.
s
t
n
e
i
g
,
e
by
f
t
c
or
in
º:
a
o
y
r
i
t
ch
n
r
l
q
a
u
o
e
a
d
n
k
o
e
,,
F
a
c
lg
i
o
r
m
n
v
i
m
e
a
c
n
o
u
s
n
d
l
t
c
i
t
o
i
u
d
c
r
n
k
a
e
g
l
s
,
(
2
s
a
r
g
r
i
c
u
e
l
t
0
u
r
º
a
)
c
i
s
u
r
1
p
l
,
.
u
s
º
e
,fof
*#.

t
-I
i
t
-l
e
--

§
T
4
b
of
e
w
to
a
m
S
by
F
2,
M
1
i
3
u
o
–
.
n
t
C
A
r
h
a
9
—
c
e
o
r
N
l
1
n
B
o
c
i
d
3
t
u
w
z
r
b
m
a
e
s
i
L
.
c
2
5
t
n
b
,
i
r
s
u
e
.
o
v
E
,
h
n
r
e
s
d

-

-

-

:
|

;

|
;

|

:

;

;
i

|
|

|:
;

Class

--

.#.

-----

--2
|
-|
---

2
|
4
||
76
61
12
2
1
3
||
13
20
87
10
2
3
3
6
9
45
4
2
1
4
8
9

a
as
m
n
e
d
-------

s
t
T
o
5
R
F
C
A
e
o
c
i
r
o
e
p
c
n
h
t
s
o
t
a
r
c
f
u
a
n
c
t
e
l
.
i
,
o
,
e
n

i
f
t
in
e
B
n
d
u
o
s
i
n
t
r
y
s
g
h
r
h
a
o
w
i
g
e
n
r
g
d
s
-

m
p
d
of
o
e
n
y
s
u
p
b
o
l
s
i
t
c
s
-

c
f
t
p
of
i
r
Se
r
u
n
t
p
s
e
r
o
h
a
u
n
p
y
r
t
o
m
d
i
r
e
s
n
e
d
t
g
a
w
d
or
P
i
t
r
p
to
s
o
t
a
c
r
h
o
e
i
x
c
b
s
e
u
s
e
o
tr
i
s
n
g

*t
a
r
(
R
e
iu
c
n
is
n
e
lt
i
r
u
e
v
o
d
e
a
i
s
r
n
d)
s
g

c
L
i
o
r
v
p
o
e
r
s
a
d
ti
oc
n
t
s
k

c
R
a
o
g
r
e
p
i
g
o
e
c
r
i
u
a
l
t
d
o
i
o
n
i
u
r
a
s
t
l

c
A
o
r
g
p
o
r
i
a
t
e
c
i
o
u
n
l
s
d
t
i
u
r
a
t
l
c
F
i
n
t
e
r
dm
er
d
i
a
d
t
l
e
J
b
o
i
a
n
t
s
k
t
o
c
k
l
a
n
d

Fa
l
b
e
a
n
d
k
e
n
s
r
.
a
d
l
C
u
n
i
r
o
n
e
s
d
i
-t

Io
c
nm
sp
ua
rn
ai
ne
cs
e
M
loo
c
rm
t
apg
n
a
e

l
r
Be
a
s
u
c
s
i
o
e
d
n
l
i
c
v
i
d
a
e
i
r
n
d
t
s
g
i
)
o

c
e
a
n
o
s
v
r
t
a
o
)
s
n
--td
s--

r
c
(
a
t
Bi
e
o
q
c
m
n
r
a
u
e
p
n
i
l
u
d
a
v
u
a
n
e
d
s
k
t
i
r
e
n
s
t
,
g
F
C
t
R
s
o
5
u
L
e
i
c
r
n
o
p
e
n
h
o
s
d
a
r
t
f
c
a
n
u
e
t
ci
.
o
r
s
e
n l

Ame
a
as
cnd
ted
,:

º:
C
o
r
t
of
5c
R
A
as
p
F
e
c
o
i
o
c
n
r
h
s
t
a
a
r
t
u
t
n
e
c
t
i
i
,
o
o
e
n
n
S
f
n
s
m
a
of
l
c
u
o
b
n
t
s
r
o
a
m
c
t
r
s
o
p
i
e
g
a
s
p
c
a
t
r
n
i
g
b
k
o
l
e
y
n

e
d
i
a
l
-------d

1
4
7
9
18
53
2
3
|
16
53
1
4
6
|
5
8

-

*3
l
6
2
A
3
1
----|
--

1
i
6
5
l
|--2
3
|
2
---

#.

A
i
to
c
or
b
u
sn
5d
o
u
t
h
d
m
s
e
o
u
r
i
s
e
d
z
t
r
n
c
a
r
c
e
t
i
s
.
o
a
r
n
s
l
R
F
C
A
as
a
of
e
o
c
i
m
r
o
c
e
n
p
s
o
t
a
r
d
a
u
n
c
t
ei
,
d
o
e
:
n

1
4
20
3
7
18
62
13
|50
2
22
5
|6
8

A
m
a
as
n
e
d
-c
--t
--,
---

:.."

a
n
e
m
--------d

A
1
of
am
as
9
e
c
n
3
d2
e
td
,
:

t
on
a
c
of
b
uo
s
l
a
r
n
mh
s
o
n
p
a
u
d
e
s
n
k
s
e
t
d
ie
s
d
t
rt
R
F
C
A
as
e
o
c
i
r
o
s
c
n
p
h
s
o
e
t
a
r
a
c
u
n
t
e
c
.
t
i
,
o
e
n C
E
a
t
R
u
A
o
m
t
n
e
h
s
o
t
n
h
r
l
d
r
g
i
u
z
e
c
a
t
d
e
n
i
r
c
o
f
n
y
s
T
s
t
of
5d
R
F
C
e
o
c
i
o
r
e
n
p
t
h
s
o
a
r
c
a
u
n
c
t
l
e
i
.
,
o
e
n L

A
p
to
g
a
u
r
t
r
i
e
c
i
m
h
p
a
e
t
n
i
s
t
o
e
n
s

P
p
of
a
u
r
t
r
i
c
i
h
p
a
t
i
s
o
e
n
s

*
s
m
a
0
--------

t
1,
s
r
w
a
f
m
Av
e
L
i
a
e
o
u
l
n
i
o
t
i
l
c
r
d
u
e
a
l
n
d
e
r
b
.
k
t
e
l
f
,
s
e
S
s
2
t
(
II
l
p
e
i
r
l
f
i
n
o
e
a
l
c
j
0
i
t
l
a
q
e
u
c
)
i
l
d
n
1
t
a
i
t
.
,
e
n
s
i
,
g
f
r
or
b
of
d
e
i
u
c
a
e
n
o
i
m
o
a
p
s
l
t
n
d
a
r
c
u
i
gr
i
c
n
t
e
n
g
i
r
o
d
g
s
n of
a
l
s
2
(
t
IIF
F
*
g
i
r
u
e
c
n
s
0
a
u
t
n
l
e
c
)
t
u
s
1
P
i
r
.
,
e
n
a
l
g
of
a
c
sg
i
o
r
m
n
v
i
e
*
m
a
c
n
o
u
s
n
d
l
t
c
i
t
o
i
u
d
c
r
.
n
k
a
e
g
l
s
, I

e
by
f
t
c
or
1
in
a
o
y
r
i
9
t
c
h
n
q
r
3
l
u
a
o
e
3
d
k
n
e
o
,
)
s
e
,
-

2
(
t
I
-i
d
0
t
)
l
1
,
e
--

M
a
t
of
I
3
s
u
Ap
t
i
n
h
a
p
I
0
e
o
c
h
r
t
d
i
r
o
I
4
c
z
a
v
l
e
t
i
.
e
,
o
r
n
d
s
c
t
a
b
of
s
p
f
S
u
r
b
a
t
e
s
c
o
n
f
r
u
e
i
p
r
s
k
c
t
m
d
r
it
s
k
e
o
n
d
s
1
c
t
a
b
of
s
p
on
L
o
r
m
r
a
t
e
o
p
n
f
u
o
a
en
r
s
k
c
i
d
r
e
t
s
k
d

s
a
1
9,
a
m
9e
3
nd
3
ed
,
:
c
o
m
a
p
n
i
e
s
--------

a
t
b
of
d
or
c
n
P
e
u
a
r
b
o
p
e
n
c
u
i
t
ht
a
s
k
u
e
d
r
a
t
s
e
l
s

å
P
e
l
h
-----s

as
a
M
1
9,
I
t
of
Tp
s
3
9
o
i
p
a
I
e
0
c
h
t
r
3
o
r
I
a3
c
4
v
l
t
e.
e
,d

L
p
u
c
i
l
t
a
o
s
n
"
es
-s
-:
-m
a
n
e
d
-------D

I
t
of
a
M
1
9,
Np
s
3
o
9
i
I
p
a
e
0
h
c
t
r
3
I
o
r
a3
c
4
l
v
e
t
,
.
e
d

m
a
d
n
e
-------

A
t
of
I,
s
5,
u
L
g
d
r
j
i
n
o
e
u
c
h
s
t
d
a
u
t
l
cm
l
e
n
t
u
r
.
n
e
s
a
t
l as
1
a
J
s
o
t
u
Ap
t
9
n
h
p
u
e
o
0
c
h
r
3
d
i
o
n
c
f
z
a
3
v
e
,
t
i
e
.
,
r
o
n
d
s

a
as
1m
of
9
e3
nd
3e
,
d
m
a
as
1
n
e
d
9
-3
-3,
--

a
J
in
F
1
of
u
te
a
p
9
n
b
p
n
h
c
r
3
d
ua
o
4
e
d
t
r
v,
r
y
e
e
by
c
t
or
f
in
1
a
o
y
n
r
l
f
c
9
t
h
a
n
l
o
g
q
r
a
o
3
u
a
d
n
o
t
k
i
o
e
3
d
n
,

d
f
or
to
t
b
l
a
i
Li
of
r
e
o
s
a
i
n
t
o
h
v
g
a
e
r
ni
f
a
t
n
c
i
r
e
d
g
t
o
s
,
t
n
of
F
M
A
E
I
S
3
uo
m
i
n
a
r
e
c
h
I
6
t
d
g
r
c
e
l
a
t
n
e
,
m
g
.
c
e
r
y f
L
p
r
of
or
d
e
i
r
c
a
o
e
n
m
o
a
p
s
n
t
a
r
e
u
c
n
g
r
i
t
e
i
n
s
o
r
d
g
y
n

a
as
1
J
t
o
s
Tm
p
o
9
e
u
p
t
0
c
h
n
r
3d
n
o
f
c
a3
e
v
,
t
l
d
e
.
,
.
d
c
i
an
of
s
p
f
S
u
n
r
o
b
t
s
e
m
u
f
o
c
p
r
e
i
a
r
p
c
n
tc
e
i
k
y
o
e
d
n

i
of
c
p
on
s
L
o
m
n
r
p
t
o
a
s
e
n
i
u
f
e
o
a
s
r
a
r
c
n
r
c
k
s
e
e
d
-

am
ende
d:

-

G
o
t
a
-r
l
-a
-n
-d
--

a
J
1
as
m
e
p
d
n
9
p
u
c
9
r
3
o
n
v
4
t
,
e
,
d
-

p
a
to
f
t
of
oft
u
b
a
t
l
o
i
h
r
y
c
o
p
m
a
r
s
o
e
c
i
r
e
h
t
s
n
o
y
e
t
,
l
s
d
p
J
to
1
1,
u
of
16
e
a
r
9
n
a
l
u
e
c
h
a
i
3
d
h
r
n
c
e
o
4
i
r
e
.
s
r
,
’
s
L
b
to
e
t
in
m
s
or
ofo
o
i
m
n
r
g
n
l
e
r
h
l
a
i
o
t
w
g
n
i
e
g
n
s
r
d
,
g
s
u
t
of
14
a
J
1
as
p
m
r
n
9
p
e
u
h
c
9
e
d
r
3
n
c
o
d
s
e
v
4
t
,
e
.
,
r
dL

A
1
9
4
3
-p
3
r
-,
.
--

§

S
f
at
e
of
t
o
a
oe
t
n
bl
o
e
t
de
.
s

§
–
i
1
3
M
tu
2,
F
S
by
m
w
a
to
e
b
of
4
T
u
C
n
o
.
t
9
a
h
r
A
c
—
e
n
a
o
r
l
N
1
t
3
d
i
c
o
B
u
i
r
b
z
w
s
m
e
a
n
5
2
c
.
L
t
i
,
b
u
r
s
.
e
v
,
o
h
E
n
d
e
,
r
s

|i
;
H
f

:|
;

;

-

#

|
|:
!
|
;

Class

#

c
a
l
o
n
s
i
e
g
q
r
v
u
a
t
e
n
o
i
r
s
d
)
n
ad
t
i
n
s
g

F
R
o
5
t
s
u
L
e
i
c
o
n
e
h
s
a
t
d
r
f
c
n
u
e
c
t
.
i
r
s
o
e
n r
(
c
t
a
Be
i
o
c
n
r
a
m
e
c
p
n
i
l
u
a
v
n
e
d
s
k
i
r
e
s
n
t,
g re
(
B
l
a
s
i
u
s
n
o
i
c
n
l
iu
a
d
t
i
d
o
nn
g
s

A
a
as
C
o
m
r
c
e
p
o
n
r
t
d
a
e
t
i
,
d
o
:
n

7
l
1
a
t
p
x
|
s
e
r
o
|
|
c
es
||
i
|
n
g
-

1
d
p
of
n
o
m
r
s
y
e
|
u
p
|
|
a
b
o
y
|
s
l
m
i
|
en
t
|
c
t
s
|
9
e
f
B
in
i
d
n
1
u
s
o
r
t
n
i
y
g
s
r
h
|
|
a
o
w
|
g
i
|
e
n
r
|
d
g
s
-

s
a
to
w
d
or
P
i
r
u
s
o
t
b
c
r
h
i
e
j
b
s
e
u
o
t
c
r
t
s c
f
t
p
i
of
Sr
u
n
t
s
e
r
o
h
n
a
u
p
r
t
o
d
i
r
e
s
n
e
d
g
*
t
a
r
(
R
i
r
e
a
u
c
n
is
n
e
l
t
i
r
u
e
v
o
d
e
a
i
s
r
n
d)
s
g

c
L
o
r
p
i
o
a
r
t
v
i
o
s
n
e
s
d
t
o
i
c
t
k
-

c
R
a
o
r
g
p
e
o
r
i
g
a
t
e
c
i
u
o
n
l
s
d
t
n
i
u
r
a
t
l
c
b
F
i
a
n
k
r
t
e
s
d
e
r
m
d
e
r
i
a
t
l
e
c
o
A
r
p
g
o
r
a
i
t
o
n
e
c
s
u
l
d
t
i
u
r
a
t
l
-

b
l
J
a
k
n
o
s
i
a
n
t
n
s
t
o
d
c
k
b
F
l
a
k
n
ea
s
d
e
n
r
a
d
l
-

C
u
i
n
o
s
re
d
-it
-

M
l
c
o
m
p
n
a
o
i
e
s
r
o
t
-ga
ag
n
e
I
c
o
m
a
p
n
e
i
s
u
r
a
n
c
e
-

c
i
e
v
s
r
-------)

T
S
o
5
t
R
F
e
c
i
o
e
n
t
h
s
a
c
f
r
u
n
e
c
l
t
.
i
,
e
o
n

9
C
A
as
a
36
1
5
||
3
2
23
6
||
87
7
62
m
o
e
1
n
,
r
d
e
c
p
3
7
5
2
1
0
o
6
r
t
6
a
1
9
3
t
4
i
,
o
n
-

.g.
S
f
n
s
m
a
of
u
o
b
n
t
s
r
a
c
o
s
t
r
i
e
g
s
p
c
a
t
r
i
g
b
o
k
l
e
n
u
S
5c
of
t
R
e
c
o
n
o
e
h
s
d
a
t
c
r
u
e
c
n
t
.
r
i
o
n

1
F
C
A
n
e
m
a
as
d
o
|
i
r
c
|
n
p
o
|
a
r
t
|
a
n
t
|
c
i
,
|
o
e
|
n
-

A
i
to
c
or
b
u
n
o
t
h
d
m
s
o
u
r
i
s
e
z
t
r
n
a
c
t
e
i
s
o
a
n
s
lu
S
5d
of
t
R
F
C
e
c
i
n
o
e
h
s
o
d
t
a
c
r
u
n
e
c
r
t
.
r
i
o
e
n

5
2
1
*
1.
A
p
to
g
u
r
a
e
6
c
e
m
h
re
a
n
s
ts
e
7
P
p
of
2
1
a
u
r
t
r
i
c
1
i
2
p
h
a
t
i
s
o
e
n
s
-

8
1
12
21
14
07
3

p
A
ao
as
mr
c
ea
nt
di
eo
,
dn
:

1
4
9
20
2
l
12
15
24
7
35
28
3
7
3
0
C
A
as
a
m
o
e
n
r
d
e
p
c
o
r
t
a
t
i
,
on
-

T
s
5d
of
t
R
F
e
c
i
o
e
n
t
h
s
t
a
r
c
u
n
c
l
e
t
.
i
,
o
e
n

p
u
s
t
of
5e
R
F
e
c
i
a
n
o
e
n
h
s
d
t
a
i
c
r
u
n
e
c
t
.
r
i
s
o
e
n
L
on
t
a
of
c
bs
l
o
a
rs
o
h
n
a
ue
s
n
k
e
t
ds
t
d

C
A
a
as
m
e
o
n
d
r
e
c
p
o
-r
t
a
t
i
,
o
n

182
13

91

I
t
(
2
s
t
i
d
e
0
o
t
c
)
l
1
k
,
.
e
--

320
**

a
as
1
of
A
m
e
n
d
e
9
c
3
-2
t
,
--

C
R
a
T
E
o
m
n
es
t
l
n
rg
u
i
a
c
e
t
d
n
li
c
o
f
,
y
n

I
t
1,
s
r
-e
i
e
l
t
i
c
l
ef
.
e
,
-

S
s
2
(
t
II
e
r
l
f
o
i
e
a
l
j
0
i
t
q
e
u
c
)
i
l
d
a
t
1
.
,
s
i
e
n
,
g
a
r
f
m
Av
m
e
a
o
n
l
i
u
r
i
d
a
n
d
r
b
e
k
t
l
f
s
e
A
u
t
R
E
am
t
e
h
n
o
h
r
l
n
d
i
g
z
e
a
t
n
e
d
i
o
c
r
n
f
y
sp
a
of
e
F
g
u
i
x
r
n
e
i
p
c
a
l
u
o
n
c
l
r
s
t
u
i
e
t
.
r
n
s
a
,
g
ll
a
c
of
F
g
o
i
m
r
n
i
m
n
c
a
o
u
d
n
v
l
i
c
t
d
u
i
e
r
n
a
g
s
lw
r
or
f
l
(i
e
o
nc
p
a
o
l
n
a
u
c
o
n
d
i
rn
s
r
g
e
by
d
b
of
s
a
u
t
r
i
t
m
h
l
u
a
q
d
c
u
i
t
g
a
n
i
k
e
g
o
d
s
n
, s

of
as
A
1
a
C
o
m
n
9
e
s
c
t
n
3
rd
u
2
c
e
t
d
i
,
o
:
n

1
in
c
or
t
f
9
3
o
y
)
i
*
c
rn
r
l
a
o
d
e
n
o
,
e
-

I
t
(
2
-i
c
0
t)l
1
,
e
--

3,925 2,797

o
c
t
m
a
p
i
n
e
s
ru
-s
-t-

o
c
t
a
m
p
n
i
s
e
r
n
u
-s
d
t
--

6,978338
6,640

a
as
M
1
9,
m
e
n
d
e
9
a
-3r3.
,
--

a
I
t
of
s
3
Np
o
i
p
I
ec
0
h
t
e
ro
I
av
c
4
l
t
e
,
.
e
,
d

u
D
L
p
i
l
a
c
t
o
i
e
s
n
-'
s
-s:
--

a
as
M
1
9,
m
e
n
d
e
9
a
-3r
3
-.
,
--

a
I
t
of
s
3
u
At
i
n
h
I
e
0
o
c
h
r
t
d
i
I
c
4
z
a
l
e
t
i
,
.
o
e
r
n
s t
a
b
of
s
pr
on
a
t
en
f
u
o
e
r
s
k
c
d
re
t
s
k
d a
b
P
c
d
or
n
e
u
a
b
o
r
p
e
c
n
i
t
ha
t
k
u
e
s
r
a
s
e
l
s a
I
t
of
Tp
s
3
o
i
I
p
e
0
h
c
t
ro
I
al
c
4
v
e
t
,
.
e
d
b
of
f
p
s
S
u
r
b
a
t
e
s
c
n
o
f
r
e
i
p
r
k
c
t
d
r
i
o
s
k
e
n
d
s of

a
as
Mm
1
9,
p
9
e
pn
a
r
3
d
oe
r
3
vd
e
.
,
:
d

o
c
p
m
a
i
n
s
e
------'

A
t
of
I,
s
5,
u
L
g
d
r
i
n
o
e
j
c
h
u
t
d
a
l
ct
l
e
n
s
u
r
.
a
t
e
sl

a
as
1
of
m
A
e
n
d
9
ec
3
n
3
t
-,-

A
u
s
o
1
t
a
Jp
t
n
h
e
p
u
o
h
c
r
d
i
z
c
f
o
n
a
e
t
v
i
.
e
o
r
n
d
s

S
f
p
s
of
an
i
u
r
n
b
t
e
sc
o
f
u
r
e
i
r
a
p
c
t
r
n
i
e
c
k
o
d
e
n

Loa
p
s
i
of
cn
r
e
t
ss
f
u
oe
r
o
r
a
c
n
r
m
e
c
k
d
e

1
am
as
9
e
0
n
3d
3
e
,
d
,
:

s
o
t
a
J
1
Tp
o
9
e0
p
u
h
c
t
3
rn
c
f
o
a3
v
e
t
,
l
.
,
d

amended
as

L
f
or
to
t
b
d
of
l
ar
e
o
a
n
o
h
i
v
a
e
nf
a
n
r
e
g
d
i
e
s
t
,i
d
u
s
3
t
I
of
r
i
n
s
e
i
t
6
I
h
g
d
r
a
c
i
t
e
l
c
,
i
t
.
o
r
e
n
s
E
F
M
A
1
of
as
m
o
9
e
a
r
c
t
3
g
r
e
a
3
n
tc
m
g
,
y
e

-

a
m
n
e
d
-------

§

S
f
at
e
of
t
o
a
o
e
t
n
b
n
l
o
e
t
de
.
s

§
1
i
3
M
to
2,
S
by
F
m
w
a
e
b
of
4
T
–
u
n
o
.
t
C
9
a
h
r
A
c
—
e
o
r
l
1
N
n
3
d
i
c
o
B
u
t
r
b
z
w
i
s
m
e
a
5
2
c
.
L
n
t
i
,
b
r
u
s
.
e
v
o
,
h
E
n
e
r
d
,
s
-

|
;

;

i
i

|
;

|

#

;

:
-

-

|:
}
|
Class

------

71

ºnary

t
c
e
d
by
o
a
n
r
f
l
m
t
o
a
h
g
q
r
t
u
a
g
r
t
i
k
e
o
y
n
d
,
J
in
a
1
c
f
or
ny
a
9
l
n
c3
o
d
l
u
o
a
3
o
n
d
r
e
,
d
y
of
p
or
f
r
L
e
i
c
e
o
n
r
p
o
a
s
t
n
o
r
a
c
u
n
i
r
t
p
i
n
s
o
r
g
n
t
a
u
A
1
of
p
n
9
p
h
c
3
r
do
r
e
4
v
t
,
e
.
r
,
d

t
of
14
u
sp
or
o
n
m
r
d
p
e
c
h
r
l
e
o
t
s
v
i
t
ee
c
n
,
d
.
g
e
m
b
to
t
in
Li
o
n
r
l
g
n
r
h
l
a
i
on
w
g
e
g
r
s
da
,

-----

|
6
|
|
|
|
|
a
as
1
J
m
n
e
d
9
u
9
3
n
4
,
e
,
--

p
t
of
f
a
L
to
u
b
t
l
o
r
h
i
o
c
p
r
a
s
o
i
c
e
r
s
t
h
n
o
y
e
,
l
J
to
1,
p
s
d
ta
of
e
r
u
l
a
y
u
c
i
a
m
h
n
r
e
o
i
e
r
n
s
r
t
’
s
t
a
J
1
of
s
16
up
n
9
p
u
e
h
c
9
r
d
3n
o
c
e
4
v
t
,
e
.
r
,
d

n
e
m
a
as
1
-d
9
|
|
3
|
|
4
|
,
-- t
|
G
o
2
9
||
4
3
50
97
(
1
l
a
17
8
|
.
r
*
1
-1
2
6
8
a
5
8
,
2
7
0
n
,
9
4
7
3
1
2
7
1
d4
5
3
9

p
of
s
c
d
or
n
w
in
a
i
h
b
e
to
l
“
1
B
u
r
e
o
p
t
a
s
n
b
h
r
e
i
t
a
p
n
h
c
l
f
o
r
n
i
t
e
a
l
h
o
c
u
r
v
.
a
t
w
u
e
c
i
n
s
r
k
d
,
a
i
z
n
h
o
e
m
s
t
,
n
”
l
e
s
d

hr
º
Fº
a
iv
zed.

l
a
t
c
p
s
w
on
W
r
f
n
i
of
to
o
u
r
e
s
t
i
h
o
e
p
t
i
h
s
g
a
f
o
m
r
t
p
u
r
e
n
c
b
a
r
e
s
i
c
t
n
s
e
r
k
z
i
c
o
h
e
k
s
n
.
,
r
t
d
n
s

C
A
1
of
a
as
f
c
l
o
g
m
i
n
r
9
v
s
e
i
m
t
c
o
a
n
3
s
r
u
n
d
l
t
c
i
2
e
o
t
r
i
u
d
c
n
,
e
k
o
a
g
.
n
l
s

º

u
3
of
t
a
M
9,
1
as
n
p
m
d
9
p
a
e
0
h
c
r
n
3o
r
d
s
3
v
e
4
t
e
.
d
c
,
.
d

l
1
a
C
to
S
t
A
of
i
n
do
by
d
f
T
*
g
u
e
n
i
h
r
t
c
o
h
i
g
n
r
a
c
o
e
l
u
n
a
r
t
i
l
u
i
t
a
d
e
z
u
n
e
r
.
s
d
e
y

n
b
of
u
t
so
e
u
n
r
h
c
m
d
t
o
b
a
i
w
e
ot
n
r
.
s

D
n
i
b
1
in
C
as
t
c
h
p
a
l
to
u
s
2
(
of
e
a
o
r
u
n
m
l
e
t
o
r
a
h
c
i
p
v
o
0
r
f
s
n
i
a
d
l
o
e
m
r
i
c
)
d
a
u
n
w
t
e
d
1
f
s
z
e
i
c
.
,
a
o
l
s
r
e
h
y
,
n
m
o
1
t
u
b
a
to
or
w
in
n
of
e
D
*
l
o
u
a
t
r
p
s
n
h
o
a
l
m
p
i
r
h
o
e
f
d
u
k
s
c
p
i
r
a
f
n
z
w
b
c
a
e
s
r
.
t
w
i
n
r
e
k
o
r
t
s
,
n
y
s R*
a
b
i
is
t
in
c
or
1
f
of
e
by
d
r
A
C
u
a
i
o
n
y
c
r
e
9
i
o
h
c
n
s
t
m
n
h
l
s
o
a
p
c
r
3
t
q
d
n
i
o
u
a
r
g
c
3
e
2
w
d
n
a
r
i
t
e
s
o
k
i
g
n
,
e
o
d
r
s
g
,
n
D
*
n
i
b
1
in
K
as
t
c
h
p
a
l
to
u
s
2
(
I
of
E
R
o
e
n
r
u
m
t
o
i
n
e
r
a
p
h
d
c
v
o
t
0
I
l
n
r
s
i
a
d
l
u
g
e
o
m
r
i
c
)
u
a
n
l
w
t
k
e
d
1
,
s
z
c
i
.
y
o
l
e
s
r
f
,
h
y
d
nc

L
M
1;
T
2;
1.
o
e
a
u
ni
n
s
ei
n
sa
s
e
na
e
,

*
l
to
i
6
f
t
r
or
b
of
d
by
e
c
in
1
as
C
1;
K
n
a
I
i
u
o
s
e
c
y
r
9
l
n
o
i
t
m
c
i
o
a
h
p
s
l
n
f
t
r
3
l
d
q
o
u
a
c
i
g
o
r
n
t
e
3
a
d
w
i
r
t
e
k
n
s
o
i
g
,
n
r
e
a
o
d
:
s
g
,
n

A
*
l
to
m
of
oc
o
f
c
a
f
o
a
r
i
t
d
c
i
e
o
n.
g
n

evised.
-

–

S
by
F
a
of
1
2,
M
to
T
3
5
i
u
.
n
t
h
9
A
—
c
e
o
a
r
1
N
l
i
8
B
3
t
u
z
b
r
a
e
m
s
t
2
L
5
b
i
,
s
o
.
e
v
n
,
E
s
r
e
,

-

#

;

#

|

i
-

i
f
#

;

ifi
-

i

;
i
i
|
i
:

Class

c
l
Mom
o
r
p
t
a
g
n
a
i
n
g
es
e
o
c
I
m
a
p
n
e
i
s
u
r
a
n
c
e
-

r
(
l
B
a
s
e
i
u
c
n
o
i
e
c
n
l
i
v
u
a
de
d
t
i
r
o
n
s
g
)
s

c
a
d
o
s
n
e
r
g
a
v
t
r
o
s
)
n
e
t
-n
id
t
n
-s
g-

r
(
c
t
a
Be
i
o
c
n
r
a
m
e
c
p
n
q
i
l
u
a
v
u
n
u
e
d
s
k
i
r
e
i
s
n
t
,
g
C
F
R
t
o
5
s
u
L
e
o
i
c
n
e
r
s
h
d
a
p
t
r
f
c
o
n
u
e
c
r
t
.
i
r
s
a
e
o
n l

a
as
A
tme
c
ind
t
oed
,
n:

w
a
s
p
to
d
or
P
i
r
u
s
o
t
b
c
h
r
j
e
i
s
b
e
u
s
o
e
t
i
c
n
r
t
g
s

a
t
r
(
Ru
e
i
a
s
t
c
n
i
e
s
n
l
)
1
i
r
u
v
o
d
e
a
i
n
r
d
s
g

c
L
o
r
p
i
o
r
a
v
t
o
i
e
n
s
d
toi
c
t
k
-

c
R
a
o
g
e
rp
i
g
o
e
c
i
r
u
a
d
l
o
t
n
i
uo
r
a
n
t
l
s
c
b
F
i
n
e
r
t
a
e
d
r
n
m
e
d
r
k
i
a
t
s
l
e
c
A
o
g
r
p
o
r
i
a
t
e
c
i
o
u
n
d
l
s
t
u
i
r
t
a
l
-

b
l
J
a
o
i
n
a
k
t
s
n
s
t
d
o
c
k
b
Fa
l
e
n
a
d
k
s
e
n
ra
d
l
C
u
n
i
o
r
n
s
e
-d
i
t
-

-

e
f
B
t
in
n
i
s
u
d
1
5
y
r
o
|
n
i
r
|
|
g
s
r
h
a
|
o|
w
g
i
e
|
n
r
|
d
g
s
de
p
of
m
up
o
e
b
n
oe
ni
s
l
yt
c
s

F
C
R
T
s
o
5
t
e
i
o
c
e
n
r
h
s
t
a
p
r
c
f
n
o
u
c
e
l
t
r
.
i
o
e
a
,
n

|
4
3
t
A
a
as
40
9
91
1
||
93
e
m
2
n
d
1
i
c
1
7
3
5
6
4
6
,
3
94
2
o
t
1
9
6
3
8
9
3
0
6
n
,
4
3
-

m
a
l
of
s
f
n
S
o
u
n
b
t
r
o
s
a
c
t
s
o
ra
g
e
i
c
s
p
a
r
t
g
n
i
b
k
l
o
e
n
c
u
s
R
F
t
of
5c
e
o
c
i
n
m
e
s
h
d
p
t
a
r
c
a
u
n
e
c
n
t
i
.
r
y
o
e
n

C
A
m
a
as
1
e
d
n
o
r
|
c
p
o
|
r
t
|
a
t
|
i
,
o
|
n
|
-

º

R
F
C
A
as
e
o
c
i
s
r
o
p
c
n
e
h
s
o
t
a
r
c
a
u
n
e
c
t
.
i
,
o
e
n
A
i
to
c
or
b
u
n
o
t
u
l
h
d
n
o
u
s
r
m
i
s
d
e
z
t
n
r
a
e
t
c
i
o
s
a
r
n
l
st

----

23
1
2
7
13
10
5
49
45
6
2
6

C
al
no
no
en
l.
l

------

-------

l
2
---6
1
|
-----7
3
1
|
---

-

T
s
5d
of
t
R
F
C
e
c
i
oe
r
n
t
h
s
p
t
a
c
r
o
u
n
r
l
e
c
t
.
i
a
,
o
e
n

t
A
a
as
1
20
6
10
2
17
e
m
5
62
4
18
12
n
d
i
c
-76o
t
-n
,
--

Š

S
f
e
at
to
of
ae
t
n
bl
o
e
t
de
.
s

3

1
i
3
M
to
2,
F
S
by
a
of
T
5
n
u
c
.
t
l
u
9
h
A
—
s
e
o
a
i
1
r
N
v
3
B
e
t
z
u
—
b
C
a
m
o
e
5
8
t
L
n
,
r
i
b
s
.
o
e
n
,
E
u
s
e
r
d
,

#

|
i
;
É

i
;
#

;

if
|
;
|

!

!

i
-

-

Class

c
a
t
on
of
b
Lo
s
l
r
a
mp
n
h
s
o
u
a
e
s
n
s
k
i
d
te
e
t
s
d
s
F
C
t
of
5e
R
u
o
e
i
c
r
n
o
p
e
n
s
h
o
a
t
d
r
c
a
n
u
e
t
c
i
.
r
o
e
n

Amc
a
as
en
t
d,
ed

15
1
a

ºney #ººd****

I
(
t
s
2
-i
d
e
0
t
)
c
l
1,
.
e
-

I
s
t
1,
-i
e
-tcl.
e
--

t
c
f
or
e
by
a
o
y
r
i
c
t
n
h
r
l
q
a
u
e
o
d
a
n
o
k
,
e,
II
p
s
2
t
S
e
i
r
l
f
n
o
i
e
a
c
j
0
l
i
t
e
q
u
c
)
i
d
l
t
1
i
a
.
,
s
n
e
i
g
,
A
a
w
mv
f
m
e
a
o
l
n
ii
u
l
r
d
nd
a
e
b
r
e
t
f
k
l
s
,
e
R
a
C
u
t
At
e
n
h
o
l
n
o
r
d
i
z
i
a
e
t
e
d
n
i
o
r
f
n
s (
b
of
r
or
f
l
e
i
c
u
o
ns
p
a
o
i
t
n
r
a
c
u
l
n
c
i
r
t
i
n
d
s
o
r
g
n
a
c
of
F
o
g
i
m
r
v
n
i
e
m
n
c
a
o
s
u
n
d
t
l
i
c
o
t
d
u
i
c
r
k
n
e
a
,
s
g
lr
s
2
(
e
a
of
g
u
x
r
e
c
i
p
0
l
u
o
c
)
u
l
s
t
r
1
u
e
t
.
,
r
s
a
,
ll

a
as
1
of
A
sm
t
9
e
r
c
u
n
3
c
d
t
2
e
t
i
d
o
,
:
n

t
1
--l
--e
---

of
A
C
R
a
T
E
o
m
n
es
c
t
l
n
rg
u
i
a
c
e
t
d
n
li
c
o
f
,
y
n

a
as
1
e
m
n
d
9
-3-2,
--

a
t
b
of
p
s
on
Lo
r
m
a
t
o
ep
n
f
a
u
o
e
n
r
s
i
k
c
n
d
r
et
s
k
S
f
p
of
b
a
u
.
d
r
b
s
e
t
a
rc
o
f
n
r
u
e
i
p
r
c
k
s
t
r
d
i
o
e
k
s
t
n
d
s
s
I
t
a
u
3
of
Ap
t
n
i
h
e
I
p
0
o
h
c
r
d
t
i
c
I
o
z
4
a
e
l
t
v
i
.
,
e
o
r
n
d
sc

M
1
9,
am
as
9
a
en
3r
d
3
e.
d
,
:
t
o
c
p
m
n
a
e
i
s
r
-u
-s
-t
-

P
of
c
n
or
d
bu
a
e
a
o
b
r
p
e
c
n
t
i
h
a
t
e
u
k
s
d
a
r
e
s
l

c
m
o
a
p
i
n
s
e
--------

T
s
3
t
I
of
a
M
9,
p
o
i
e
0
I
p
a
t
h
c
ra
c
4
I
o
r
l
v
e
t
.
,
e
d

1
m
a
as
e
d
n
9
3
-3
-,
--

L
u
s
t
5,
of
I,
A
g
r
o
n
i
d
e
h
c
j
a
d
t
u
c
l
t
n
e
l
u
s
.
r
s
e
a
t
l

m
A
1
of
a
as
n
e
d
9
e
c
3
n
3
t
t
,
--

S
f
p
s
i
an
of
c
u
r
n
b
e
t
sc
o
f
u
r
e
i
r
a
p
c
t
r
n
mi
e
c
k
o
d
e
n
1
J
u
o
t
a
s
Ap
t
n
h
u
p
e
o
0
h
c
r
d
i
n
f
o
c
z
e
a
v
,
t
i
e
.
o
r
n
d
sL
on
p
s
of
i
c
o
r
n
m
o
t
p
e
s
a
f
u
n
a
o
i
e
rs
r
a
n
c
.
r
-e
c
s
k
-d
e
-

1
as
am
9
en
3
de
3d
,
:

i.

T
1
as
J
a
t
op
o
9
u
p
t
0
c
h
r
3
a
n
o
f
3
l
v
,
e,
t
d

19

42

------

69
5

L
f
or
to
t
b
d
of
l
a
ir
e
o
a
r
n
i
o
h
v
a
g
e
n
a
f
n
t
r
e
g
d
i
e
s
o
t
,
n
F
E
t
of
I
3
s
u
dm
ie
i
n
s
a
r
h
I
6
t
d
g
r
c
e
i
l
n
e
,
c
m
.
c
t
e
r
y
s

a
as
1
of
A
M
m
e
n
d
o
e
9
r
c
t
3
g
3
a
tg
,
e-

L
f
p
of
r
or
e
i
r
c
e
o
no
a
p
s
n
t
r
e
a
c
u
n
r
c
i
t
s
i
n
r
o
y
g
n
c
t
e
by
d
o
a
y
n
r
f
c
t
l
m
n
a
h
g
q
o
a
r
u
g
n
d
t
a
i
e
o
k
e
n
d
,
f
or
1
in
a
J
F
of
a
e
l
9
b
no
3
r
ua
o
3
4
d
r
d
,
y

u
t
a
A
1p
n
p
9
h
c
3
d
ro
r
3e
v
t
,
e
.
4
rd

s
or
m
t
in
e
b
to
Li
o
n
m
r
l
n
g
h
r
l
e
a
i
ow
n
g
l
e
g
t
r
s
,
d
s
1
J
a
t
of
14
s
u
op
n
r
u
p
e
i
9
c
h
r
d
en
o
cv
e
s
,
t
e
.
g
r
,
d

m
a
as
1
n
e
d
9
-3
-4,
--

a
as
1
J
S
t
of
16
m
p
e
9
n
p
u
d
9
c
h
3
r
e
d
o
n
c
4
v
,
t
e
.
,
d
-

u
J
to
1
1,
p
s
d
t
of
Ia
e
n
9
r
u
l
a
c
d
3
i
a
e
h
n
r
e
4
o
i
e
rs
r
,
t
'
s
p
of
t
f
a
to
L
u
b
t
l
o
r
a
h
i
c
p
o
a
s
o
r
c
y
e
r
i
h
s
n
t
o
e
y
l

12
8
50
8
1

º
a
*
|
56º
1

613

*

t
G
o
l
a
r
-a
n
-d
--

e
at
t
of
So
f
an
b
el
t
o
d
te
e
.
s

*:

§

T
5
a
of
by
S
1
i
2,
3
F
M
to
u
n
.
c
t
l
h
A
u
9
—
o
s
e
a
i
N
r
1
v
B
3
t
e
u
z
—
b
r
a
C
m
e
L
t
5
2
o
n
b
i
,
o
s
.
e
n
E
,
u
s
r
e
,
d
-

-

-

-

--º:
k-

.
":
r.

3Z|C|Z.|z
>
Z
|
2
|

|
à
3
#
f"
#||
"

Cl
3
|
#
5ss|
–
B
a
>

#
g
*
|
3
2
E
5#||

..
3
.*
-ºn
.Qt
cº
~
xº
tE

-

gtº
:
oE
>

3.
©
C.

º

M
l
c
o
m
p
a
r
o
n
i
e
t
s
ga
agn
e
c
I
o
m
a
p
n
i
e
s
urance

r
(
a
l
B
l
21
s
e
i
u
s
c
n
o
i
e
c
n
l
i
-v
u
a
d
t
e
d
i
r
o
n
s
n
g
)
s

93
c
a
d
1
n
o
s
e
r
v
g
a
o
t
3
r
s
)
n
e
t
-8
n
i
-d
t
ns
g
--

r
c
(
a
t
Be
o
i
c
n
r
a
m
e
c
p
n
q
i
l
u
a
v
n
u
e
d
s
k
i
r
i
s
n
e
t,
g
s
F
C
s
R
o
5
t
u
L
e
i
o
c
n
e
r
s
h
d
a
p
t
r
c
f
n
u
o
e
c
t
r
.
i
s
o
e
a
nl

--

tme
A
a
as
ind
c
oed
t
n:
,

--------

|
1
--|
--|
---|

.
[
…
.
]
I
.I
.I
.
I
.
I
.
I
.

i
f
t
in
e
B
n
d
u
i
o
s
t
r
g
y
h
r
a
o
i
g
w
e
n
r
g
d
s
d
p
of
m
o
n
e
y
s
u
e
p
b
o
n
s
l
i
t
c
s
-

PºrscptfiSrof
r
u
n
t
e
s
r
o
h
u
n
a
pr
t
o
d
i
a
r
e
s
n
e
y
d
g

s
a
p
to
w
d
or
i
r
u
s
o
t
b
c
r
h
j
e
i
s
b
e
u
s
o
t
i
c
o
n
t
r
g
s

t
a
r
(
Rr
e
i
a
n
c
i
u
n
e
l
s
i
r
t
u
v
o
e
d
a
i
e
r
d
n
s
g

c
L
o
r
p
i
o
r
a
v
t
i
o
e
n
s
d
t
o
i
c
t
k
-

c
R
a
o
g
e
r
p
i
g
o
r
e
c
i
a
u
t
d
l
o
i
n
o
u
i
n
r
a
s
t
l

c
b
F
i
n
e
r
t
a
e
d
r
m
e
d
n
r
i
a
k
t
l
e
c
A
o
r
g
p
o
r
i
a
t
e
c
i
o
u
n
d
l
s
t
i
u
rt
a
l
-

b
l
J
a
o
i
n
a
k
t
s
nt
o
d
c
k

b
F
l
a
e
n
a
k
d
s
e
n
r
a
d
l
C
u
n
i
o
s
r
-ed
i
t
-

e
*
-------s

2
1
||
8
6
4
|
30
5
41
3
70
4
3
7
6
9
587
6
4
5
1
2
9
3
8

p
A
as
a
m
n
e
d
o
r
c
a
-t
-i
-o
,
-n
-

*

to
i
or
c
b
u
n
o
t
u
d
m
h
o
s
u
m
r
i
s
e
d
z
t
r
n
a
r
c
e
t
i
s
o
a
r
n
s
lR
F
C
A
as
e
o
c
i
r
o
s
c
n
p
s
o
º
t
a
rcu
n
c
t
.
i
,
o
e
n
C
F
s
t
of
5c
R
p
u
e
i
c
o
n
e
ao
s
h
a
t
d
r
c
n
u
e
c
r
t
.
y
i
r
e
o
n A
T
s
o
5
t
R
F
C
e
o
c
ie
n
r
t
h
s
a
p
c
f
r
u
n
o
l
e
c
t
r
.
i
,
o
e
a
n S
f
n
s
m
a
of
l
u
o
b
n
t
s
r
a
c
o
t
n
r
s
i
e
g
.
p
s
c
a
t
r
a
i
g
o
b
k
l
e
m
n

t
A
a
as
e
m
n
d
i
c
-o
t
-n
,
--

------

A
p
to
a
r
g
u
i
t
c
r
p
a
e
i
t
o
c
n
s
m
h
e
a
n
s
t
s
e
-

P
p
of
a
r
u
t
i
c
r
i
p
c
a
t
i
h
o
n
a
s
s
e
s
-

2
3
||
*
l
5
||
2
6
|
1
---

|
6
*
2
*6
1
||-|-||
12
||
54
18
|
9
7
44
2
14
1
36
3
46
5
17
4|
62 3

a
ll
en
ci
ec
i
.

63
13
7
20
48
15
1
|
3
||
40
46|
22
5
50
80

T
s
5d
of
t
R
F
C
e
o
c
i
e
n
r
t
h
s
a
p
c
r
u
n
o
c
l
e
t
r
.
i
,
o
e
a
n

t
A
m
a
as
e
n
d
i
c
-o
t
-n
,
--

--

l
1
23
|
-|
--|--

L
t
on
a
c
of
bo
s
l
a
r
m
h
s
o
n
p
a
ue
s
n
k
e
t
d
is
t
e
du
s
t
of
5e
R
F
C
e
o
c
i
n
r
o
e
p
n
h
s
o
d
t
a
r
c
a
u
n
e
c
t
i
.
r
o
e
n

A
m
a
as
n
e
d
c
-t
--,
---

4
2
10
1
5
l
8
---I
3
0
---

-------

-2
|
|
--|
-

3
l
4
1
2
6
3.
5
----|
--

I
t
(
2
s
-i
d
e
0
t
)
c
l
1
,
.
e
-

8
||
10

5
37
1
21
8
30
1
|
--2
6
---

I
t,
i
-t
l
-e
-

2
24
1
8
4
12
15
23
3
6
7
90
51
2
1
8
2
l
5
6
|
1
I
3
84
51
-8
8
2
1
|7--

a
as
1
9,
Mm
9
e
an
3d
r
3
ed
.
,
:

Co

80
46
4
2
23
1
||
21
42
92
31
15
94
52
058
4
5
3
7
5
6
9

38
1
|
25
4
2
l
3
||
51
-7
3
5
9
1
|
2
5
9
6
3
--

m
a
as
1
9,
e
d
n
9
-33
-,
-

a
as
1
of
M
A
m
n
e
d
o
9
r
c
3
t
g
3
a
t
g
,
e
-

m
a
as
n
e
d
-------

i
of
o
u
s
14
t
a
J
1p
r
n
9
e
p
u
n
h
c
9
r
e
d
3c
o
n
s
e
4
v
g
t
,
.
e
,
r
d

L
to
b
e
in
t
H
m
or
so
n
m
i
o
r
i
l
g
r
h
n
l
a
e
o
i
w
n
g
l
e
g
r
s
t
d
,

u
t
a
A
1p
n
p
9
h
c
3
r
do
r
3
e
v
t
,
e
.
4
r
d

f
or
in
1
a
J
F
of
e
a
l
9
b
no
3
r
ua
o
3
4
d
rd
,
y

c
i
an
of
f
p
s
S
u
n
r
o
t
b
s
e
m
u
o
f
c
r
p
e
i
a
r
c
p
n
r
t
i
c
e
k
o
y
e
d
nas
t
a
J
1
T
o
p
m
t
9
a
p
e
u
l
h
c
0
r
n
,
3
s
o
d
n
e
3
v
e
c
t
,
.
e
d
1
,
o
d
.
fi
b
l
a
t
d
of
f
or
to
Lr
e
o
a
n
i
v
h
o
g
a
e
n
a
f
t
n
d
g
e
r
i
e
o
s
,
t
n
of
r
or
f
L
e
r
i
c
e
o
np
o
a
s
t
n
e
r
a
u
c
n
r
i
t
i
n
s
o
r
y
g
n
t
c
d
e
by
o
a
y
n
r
c
f
l
m
t
a
h
n
l
g
q
a
o
r
u
g
d
n
a
t
e
o
i
k
e
n
d
,
F
t
E
I
of
s
3
u
dm
i
n
e
s
a
h
r
I
6
t
d
g
r
c
e
i
l
e
n
,
c
m
.
c
t
e
r
y
s p

c
i
of
s
p
on
L
o
m
n
r
p
t
o
a
s
e
n
u
f
i
e
o
a
s
r
a
r
c
n
r
c
e
k
s
e
d

a
1m
as
9
e
n
3
de
3d
,
:

t
a
J
1
s
o
u
Ap
t
n
h
p
u
e
o
h
c
0
r
d
i
z
f
o
n
c
a
e
v
t
,
i
e
.
o
r
n
d
s

m
a
as
1
of
A
e
d
n
9
c
33
t,
-

t
of
I,
s
5,
u
L
g
d
r
j
i
n
o
e
u
c
h
s
u
t
d
a
l
cm
t
l
e
n
u
e
r
.
n
a
e
s
t
l
I
t
of
a
M
Tp
s
3
o
i
I
p
a
e
0
h
c
t
rr
I
o
al
c
4
v
e
t
,
.
e
d A

o
c
t
p
m
n
a
e
i
s
ru
-s
-t-

P
c
of
n
or
d
b
a
u
e
a
o
b
r
p
e
c
n
i
t
ha
t
e
u
k
s
d
r
a
e
s
l
s

o
c
p
m
n
a
s
e
i
-------

t
a
b
of
s
p
on
Lo
r
a
t
m
ep
n
f
u
o
a
e
n
r
s
k
c
i
d
re
t
s
k
d
t
a
of
b
s
p
f
S
u
r
b
a
t
e
s
c
n
f
o
u
r
e
i
r
p
s
k
c
t
d
r
i
e
o
t
s
k
n
d
s
a
A
t
of
I
3
s
up
t
i
n
h
p
I
0
e
o
c
h
r
t
d
i
z
o
I
4
c
a
l
e
v
t
i
e
,
.
o
r
n
d
sc

a
as
1
e
m
d
n
9
-3-2,
--

A
C
a
R
E
T
o
m
n
e
sc
t
n
l
r
g
u
i
a
e
c
t
d
e
n
l
i
c
o
f
,
y
n
"...
ºi. lacof
v
e
a
e
o
l
n
il
*
c
r
i
e
ad
e
r
b
f
.
k
l,
e
**of
F
i
o
g
r
v
m
n
i
e
n
c
a
o
s
u
d
t
l
i
c
o
t
d
u
i
c
r
n
k
e
a
,
s
g
isrwaf*

or
r
of
b
e
u
c
i
n
l
s
t
d
r
u
i
c
n
t
i
g
o
s
n
l
f
o
o
a
n
r
s
b
e
f
t
c
or
in
a
o
y
r
i
t
ch
n
r
l
q
y
a
u
o
e
a
d
n
k
o
e
,,
s
2
(
t
p
II
e
r
i
l
f
o
i
n
e
a
l
j
0
c
i
t
q
e
u
c
)
i
d
l
t
1
a
i
t
s
.
,
i
e
n
,
g
C
a
R
E
t
u
Am
o
t
e
n
h
o
n
l
r
h
s
d
g
i
t
z
e
a
r
e
t
d
n
i
u
c
r
o
f
n
c
y
sS

1
of
A
t
am
as
9
i
e
c
3
no
d
2
e
t
n
d
,
:

1933

i

m
t
of
s
d
p
J
to
1
1,
ue
a
r
9
n
e
l
u
c
a
i
3
d
h
n
r
e
o
4
i
r
e
t
s
r
,’
L
p
a
to
f
t
of
u
b
t
l
o
i
h
r
a
c
o
p
a
r
s
o
c
i
r
e
y
h
t
s
n
o
y
e
,
l
S
t
of
16
a
J
1
as
p
m
9
e
p
u
h
c
9
r
3
n
c
o
4
d
v
e
t
,
.
,
d

G
t
o
l
a
.
r
-a
-n
-d
-

33

S
f
e
at
to
of
ae
t
n
bl
o
e
t
de
.
s

§

T
5
a
of
S
by
F
2,
1
M
to
3
i
n
u
.
c
t
l
A
h
9
—
u
e
a
o
s
N
r
1
i
v
B
3
e
u
t
z
—
b
r
a
C
m
e
o
L
t
2
5
n
b
i
,
s
o
.
e
E
n
,
u
s
r
e
,
d

-

|
;

;

:
i

!
j
-

;

-

:|
º
:
|
Class

f

-

Moo
l
c
r
m
tp
gan
a
ge
I
c
o
n
m
p
s
a
u
n
i
r
e
a
s
n
c
e

r
(
B
l
a
s
e
i
u
c
n
o
i
e
c
n
l
i
v
u
a
de
d
t
i
r
o
n
s
)
g
s

d
a
c
2
n
o
s
e
v
r
a
g
t
o
s
r
)
t
e
n
-in
n
t
d
-gs

r
(
c
a
t
Be
i
o
c
n
r
a
m
e
c
p
n
q
i
l
u
a
v
n
u
e
d
s
k
i
r
e
i
s
n
t
,
g
F
C
R
s
o
5
t
u
L
e
i
o
c
n
e
n
r
s
h
a
p
t
d
r
c
f
n
u
o
e
c
t
r
.
i
s
e
a
o
n l

tme
A
a
as
ind
c
oed
t
n:
,
C
u
n
i
r
o
n
e
s
dit
-

--

B
e
t
f
in
i
n
1
10
u
d
s
o
t
n
i
y
r
|
g
s
rh
o
ah
w
g
i
|
e
n
r
|
d
g
s
d
p
of
n
o
m
1
-s
y
e
u
|
e
p
b
|
o|
ns
l
i
|
t
|
c
s
|
-

w
a
s
p
to
d
or
P
i
r
u
o
s
t
b
c
h
r
j
e
i
s
b
e
u
s
o
e
i
t
c
n
r
t
g
s c
f
t
p
i
of
r
Sr
u
n
e
t
s
e
r
o
h
u
a
n
p
r
t
o
d
a
i
r
e
s
n
y
e
d
g

a
t
r
(
Rr
e
i
au
c
n
i
n
s
e
lt
i
r
u
e
v
o
d
e
a
i
s
r
d
n
)
s
g

c
L
o
p
r
i
t
a
i
v
n
o
s
es
d
t
o
i
c
t
k
-

c
R
a
o
r
g
p
e
o
r
a
g
i
t
e
c
i
o
u
n
s
d
l
o
t
n
i
u
r
a
t
l
-

c
A
o
r
g
p
a
r
t
o
i
n
s
e
c
u
d
l
t
i
u
r
a
t
l

c
F
i
n
e
t
e
d
r
m
ed
r
e
i
a
t
l
e

7
1
a
t
s
e
x
--|-|
--

t
A
a
as
e
m
n
d
,
i
c
0
o
t
5
n
,
9
1
1
5
4
76
6
7
2
74
l
8
4
6
2
3
5
8
9
,
2
1
3
4
6
8
6

T
s
o
5
t
R
F
C
e
c
i
oe
n
r
t
h
s
t
a
p
c
f
r
u
n
o
c
l
e
t
r
.
i
,
o
e
a
n

S
f
n
s
m
a
of
l
u
o
b
n
t
s
r
o
a
c
t
r
s
o
i
e
g
a
p
s
c
a
t
r
a
i
g
n
b
k
o
l
e
n
c
u
s
t
of
5c
R
F
e
o
c
i
n
e
m
n
h
s
p
d
t
a
c
r
a
u
n
e
c
n
t
.
r
i
y
e
o
n

-------

C
A
as
a
e
m
1
d
n
o
r
c
p
o
-r
t
a
t
|
i
,
|
o
|
n
-

A
to
i
or
c
b
u
n
o
t
u
h
d
m
n
o
s
u
r
s
e
i
d
z
t
r
n
a
r
c
e
t
i
s
o
a
r
n
s
ls
5d
of
t
R
F
C
A
e
o
c
i
r
o
e
p
c
n
h
s
o
t
a
r
c
u
a
n
c
t
e
.
i
,
o
e
n

--

A
p
to
a
1
*
2
6
r
g
4
t
u
i
c
r
a
p
t
e
|
i
o
c
n
1
s
m
h
e
a
n
s
t
e
s
-

P
p
of
a
12
u
2
4
1
7
r
t
i
c
|
i
p
h
1
a
t
i
o
s
n
e
s
-

8
2
–
||
26
6
7
32
1
12
21
1
8
4
9
L
n
a
o
--s
---

amend
as
ed:

A
a
as
r
e
m
n
d
e
a
c
t
i
t
o
,
n36
2
28
16
26
1
9
12
7
l
4
5
3
7
1
-

C
F
R
s
t
of
5d
T
e
i
c
o
e
n
h
t
s
r
a
t
r
c
n
u
p
c
e
l
t
.
o
i
,
e
n

d
s
5e
of
t
R
F
C
A
e
o
c
i
r
o
e
c
n
p
e
h
s
o
t
a
r
c
a
u
n
c
t
r
e
.
i
,
o
e
n
un
t
c
of
b
a
Lo
on
s
l
r
a
o
mp
s
o
n
h
u
as
e
n
s
k
i
te
e
d
t
s
d
s

as
a
e
m
1
d
n
35
2
-|-|
|
-|---|
--

I
t
(
2
s
*
1
5
7
I
6
i
|
d
e
|
3
0
t)
c
|
6
l
|
1
|
,
.
e
-

4
t
1,
2
7
5
l
9
15
18
20
13
I
1
i
4
-t
|
3
2
l
-e

r
w
a
f
m
Av
e
m
o
a
l
i
n
o
i
l
u
c
r
d
e
a
nd
e
r
b
f
t
.
k
l
f
,
e
s
l
a
c
of
Fi
o
g
m
r
v
n
i
e
m
n
c
a
o
s
u
n
d
t
l
i
c
o
t
d
u
i
c
r
n
k
e
a
g
,
s
l S

6
*
I
t
(
l
2
|
i
c
|
|
t
)
|
l
|
,
e
|-

2
s
a
of
e
F
g
u
i
x
r
n
e
i
p
0
c
a
l
u
o
n
c
u
l
s
t
r
1
u
i
e
t
.
r
n
s
a
,
g
l

1
2
8
4
6
*
3
1
9
9
3
|
0
3
6
)
-

b
of
r
or
f
l
e
u
c
i
oi
n
a
l
p
s
n
d
t
r
a
s
i
c
u
f
n
c
i
t
o
g
i
n
r
o
s
g
n
s
2
(
t
II
S
e
r
i
l
n
i
f
o
e
a
c
l
j
0
i
l
t
q
e
c
)
u
i
l
d
t
1
a
i
t
.
,
s
i
e
n
,
g
in
c
or
t
f
e
by
d
a
o
y
i
r
c
t
mn
h
l
r
a
q
u
o
g
e
d
a
n
k
e
o
,
e
d
,
A
u
t
R
E
a
Cm
o
t
e
n
h
o
r
h
l
n
s
i
d
g
z
t
a
e
t
r
n
e
d
i
u
o
r
c
f
n
y
sp

A
t
1
of
am
as
9
i
e
c
n
3
o
de
2
t
n
d
,
:

7
*
a
as
29
1
17
13
18
l
2
m
25
6
15
n
e
39
d
9
83
0
1
2
-,
--

A
of
R
C
T
E
a
o
m
n
e
sc
t
rg
l
n
u
a
i
c
e
t
l
n
e
d
i
c
o
,
f
n
y

-----

-

----

a
as
1
m
n
e
d
61
43
4
||
90
1
30
3
5
|
2
8
9
,
5
7
1
9
3
8
0
2
3
|
2
1
7
9
4
,
8
-

I
t
a
s
3
of
M
9,
Tp
o
i
I
p
e
0
a
h
c
t
ro
I
av
c
4
r
l
ee
t
,
.d

m
o
c
t
a
p
e
i
n
s
r
u
s|
t
|
4
||
54
|
79
l
2
19
33
97
3
32
,
2
8
9
|
8
3
5
2

a
b
of
s
f
p
S
u
r
b
a
t
e
s
c
n
o
f
r
u
e
i
p
r
s
k
c
t
d
r
i
e
o
t
s
k
n
d
sa
a
t
of
I
3
u
Ap
n
t
i
d
h
p
I
0
o
c
h
e
r
t
r
i
o
I
4
z
s
a
l
v
t
e
i
,
e
c
o
d
n
.
s t
b
of
d
or
c
Pe
n
u
a
b
o
r
p
n
e
c
t
ht
i
a
k
u
e
d
s
r
a
e
s
l

|
23
c
t
a
b
of
s
p
on
L
4
6
1
3
7
2
o
r
m
a
t
o
p
e
,
|
a
n
f
0
u
o
a
e
|
i
|
5
e
r
s
k
c
n
|
d
r
1
e
t
s
kd
|

a
as
Mm
1
9,
9
e
an
3d
r
3
ed
.
,
:

c
m
o
3
35
a
p
||
|
42
10
31
1
5
36
|
2
4
i
n
27
1.
65
s
e
,
6
3
0
|
6
28
7
5
--

A
t
of
I,
s
5,
u
L
d
g
r
j
i
n
o
e
u
c
h
s
t
d
a
u
t
l
cm
l
e
n
u
e
r
.
n
s
a
t
l

------

42
n
e
m
a
as
1
of
A
d
9c
3
||
3
t
|
,
|
--

1
J
a
t
o
s
u
Ap
t
n
h
u
p
e
o
0
c
h
r
d
i
n
o
f
c
z
e
a
v
,
t
i
e
.
r
o
d
n
s

c
i
an
of
s
p
f
S
n
r
u
b
s
t
eo
u
f
c
r
e
i
a
r
c
p
m
n
r
t
i
c
k
e
o
e
d
n
8
a
p
m
o
c
i
of
s
on
L
e
n
r
|
s
t
e
o
|
u
f
|
o
a
r
e
|
a
r
c
n
r
|
c
k
e
s
|
e
d
|

a
as
1m
9
en
3d
3
ed
,
:
9
d
n
e
m
a
-----|
--

T
s
o
1
t
a
J
as
p
o
9
e
p
ut
h
c
0
r
3a
c
f
o
n3
v
l
e
t
,
.
,
d

--y
l
r
a
P
|||
-||-

L
f
or
to
t
b
d
of
l
a
ir
e
o
a
n
i
o
h
v
a
e
g
nf
a
n
t
r
e
g
d
i
s
e
o
,
t
n
d
u
S
3
t
I
of
E
Fi
m
n
s
e
a
t
6
I
h
r
d
r
g
c
i
e
l
c
,
e
n
.
m
t
c
r
e
s
y

M
A
of
1
as
a
e
m
4
d
n
6
|
8
o
2
1
9
r
c
6
t
3
1
g
4
3
a
8
t
|
g
,
|
e
-

p
of
f
r
or
L
e
r
i
c
e
o
np
o
a
s
t
n
e
r
a
u
c
r
n
i
t
i
s
n
r
t
c
e
by
o
d
y
g
n
a
o
y
r
f
c
l
t
m
a
h
n
l
g
q
a
o
r
u
g
d
n
t
a
i
e
o
k
e
n
d
,
or
f
in
1
a
J
F
of
a
e
l
9
b
n
r
o
3
uo
3
a
4
d
rd
,
y4

u
t
a
A
1
9
3
4
p
n
p
h
c
3
r
d
o
r
e
v
t
,
e
.
r
d
-

§

S
f
e
at
to
of
a
oe
t
n
bn
l
o
e
t
de
,
s

§

w
M
to
3
1
5
S
by
F
2,
T
a
of
r
u
º
.
c
t
l
9
A
h
—
u
a
e
o
s
1
N
r
i
v
3
B
u
t
e
z
—
r
b
C
m
a
e
o
5
t
2
L
n
b
,
i
t
s
o
.
,
e
E
n
u
s
e
r
,
d

c
t
-º
u---,-

--

*c.
I

E
c
sc.
ºcº
º

%
E
#
|
#
5
>Cl*|:|>aºs|
s3
#
|
5
§|
|

&Idº,|
t
3
à
|
>
5
º
º

|
#
a5|E#s 3|#àf35|É||
#
|
3

-:

-->

5:|#3ºO7|::|
#
|
§

e
m
b
to
t
in
or
L
o
n
i
r
o
l
g
n
r
h
l
a
i
on
we
g
g
r
s
d
,
s
-

a
J
1
s
t
of
14
u
op
m
n
r
p
u
e
9
c
h
r
l
d
en
o
c
t
e
s
v
i
,
t
e
.
n
r
,
d
g

d
n
e
m
a
as
1
6
-9
|
3
||
4
||
,|

-

u
J
to
1
1,
p
s
d
ma
t
of
e
n
9
r
u
l
e
c
a
d
3
i
h
n
r
e
4
o
i
e
r
t
r
,
s’
f
t
p
a
of
L
to
ub
t
a
l
o
r
h
i
o
c
p
r
y
a
s
o
i
c
r
e
t
h
s
o
n
y
e
,
l
-----

m
a
as
s
t
of
16
J
1
e
d
n
p
9
e
p
u
|
h
c
9
r
3
|
co
n
4
v
|
e
t
,
.
,
|
d
|
--

5
1,
|
o
t
4
||
1
G
2
21
6
8
a
3
l
1
r
0
4
0
,
2
a
3
n
2
2
8
6
9
1
d
7-

l
to
m
of
o
Af
1.
o
ca
c
f
o
a
r
i
t
d
c
i
e
o
n
.
g
n

C
to
l
1
a
A
of
S
t
d
f
i
T
*
by
n
do
2
g
u
e
h
i
n
t
r
o
c
i
t
h
g
n
r
a
o
c
u
l
e
n
r
a
i
t
l
u
i
n
a
d
t
e
z
u
n
r
e
s
.
d
y
e
to
F
l
b
c
m
t
by
p
of
w
r
in
I
*
a
12
o
e
u
r
n
a
t
e
o
f
h
a
p
i
c
d
v
n
o
h
r
i
a
e
l
r
n
k
d
o
t
c
z
u
a
r
u
n
t
d
s
e
c
i
a
d
e
h
o
l
s
n
.
y
n
g
s

1.
Me
T
4;
a
nn
i
es
ns
ee
,

K
6;
1;
t
L
c
or
f
as
C
1
in
d
b
of
e
by
r
I
*
l
13
a
o
u
i
n
y
c
e
l
9
r
i
o
n
t
c
m
l
h
p
o
a
n
f
s
r
3
t
o
l
q
d
a
i
u
r
a
o
g
c
e
3
n
d
w
i
r
n
s
e
t
o
k
g
i
a
,
e
r
s
o
d
:
g
n

Re
*
vise
d.

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

37

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse

ments from Feb. 2, 1932, to Mar. 31, 1935, inclusive, by States
G R A N D TOTAL
State

Am oun t authorized

Alabama----------------------------------------Arizona---------------------------

-

-

-

-

-

-

-

-

-

-

- - - - - - - - - -

-

-

-

-

-

-

-

-

-

- - - - - - - -

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

- - - - - - - - - -

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Ohio----------------------

-

-

-

-

-

-

-

Oregon-------------------Pennsylvania------------Rhode Island------------South Carolina------------

-

-

-

-

- - - - - -

-

- - - - - -

-

- - - - - -

-

-

-

-

-

-

- -

-

- - - - - -

-

- - - - - -

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Puerto Rico.--Virgin Islands------------------------------------

Am oun t withdrawn or canceled

Am oun t dis
bursed

$34,376, 414.42
$4,564, 251.82
$29,497. 465. 18
11,151,069.00
255,248.27
8,
520.73
56,382,239.49
8,036,251.39
37, 554,093.68
473,334, 166. 18
24, 240,232.92
344,355,304.76
22,723,686.63
1,871,964.97
17,516,954. 14
27,961, 585.41
3,951,313.72
23,628,871.69
3,044, 500.00
2,219,800.00
817,200.00
156,044,992.66
3,623,338.62
141, 140,898.00
20, 266,925.93
4,423, 546.76
13,048,960.94
23,023,377.73
4,093, 664.44
17,662,933. 11
13,749,348.07
1,413, 790.06
10,872, 424.45
409,764,215.77
34,985, 726.40
358,665,773.78
71,646,078.59
10,573,863.30
57,650, 802.49
87,013, 345. 13
12,888,678.40
72,209,323, 17
19,703,907. 51
2,300,088. 15
15,818, 192.04
46,711,866.82
8,219,798.60
35,718, 165.85
207,896,027.28
8.1,353,255.03
118,778,941.61
68, 172,329.02
7,308, 110.42
58,919,879.06
136,667,470.65
12,999,642.25
120,292,651.30
82,682, 190.94
10,466, 992. 17
69,336,985.33
473, 512,430.06
57,003, 353.79
367, 157,836.17
38,323,301.46
4,473, 747 43
32,845, 202.60
42,642,278.36
3,556,538.89
33,859,544.59
107,673,280.29
28, 125, 191.00
74,359, 457.97
13,832, 726.45
1,049, 313.68
11,440,028.57
22,950, 163.59
3,222,882.46
18,845,355. 14
8,271,912.85
600,894.36
6,099,863.56
4,853,603.00
1,047, 504.92
3,806,098.08
200, C93,394.79
20,853, 446.17
163,468, 183.71
10,750,025.81
1,296,669.02
8,770,049.03
712,825,399.76
40,074, 172.27
519,278,068.36
59, 505,004. 10
8,511,687.94
49,564,920.64
13,734,772.23
1,482,228.83
1,520,845.17
502,170,059.85
53,254,807. 79
403,398,950.83
25,682,357.79
1,439,087.98
23,833,995. 28
18,979,432.88
2,044, 198.74
14,275,022.46
293,779,628, 24
48,757,337.90
233,212, 102.22
5,708,036.00
432,838.00
3,673, 198.00
32,972, 125.24
3,672,859.83
28,110,778.41
18,386,906.97
1,387,537.18
14, 170,497.79
120,802, 734. 39
13,370,044.86
93,244,826.05
122,088,588. 28
13,321,856.62
98,048,732.84
21,330, 195,97
2,184,600.29
16,880,943.81
26, 142,351.63
770,961.43
23,079,016.86
40,239,294.85
5,700,515.99
33,482, 584.61
56,989,843.46
16, 155,136.20
38,664,235. 22
42,573,664.61
3,746, 193.48
37,165,457.28
115,535,626.43
14,468,726.73
97,390,359. 11
6,305,911. 25
763,664.72
4,877,346.53
137,500.00 !-----------------137,500.00
1,444, 935,00
7,407.63
1,137, 527.37
4,443,000.00
622,694.25
3,755,305.75
250,000.00
125,000.00 l------------------

Total.-------------------------------------- 5,037,246,222.82
593,312,658.07
Loans:
T o Federal land banks”.--------------------- *399,636,000.00
12,400,000.00
T o Federal intermediate credit banks 2------9,250,000.00 -----------------To
ional
credit corporations
(rediscounts) *----------------------------178,840,452.48
5,596,811.76
Torailroads (including receiversand trustees)?.
457.856,080.00
6,908, 555.89
For financing exports ofagriculturesurpluses”.
53,370,955. 22
30,077,098.05
T o Commodity Credit Corporation --------.
24,000,000.00
151,004, 259.44
Loans to Secretary of Agriculture to acquire
cotton”-----------------------------------23,500,000.00
20,200,000.00

ºcultural

Grand total-------------------------------- 6,983,699, 710. 52

3,921,072, 175.32
*387,236,000.00
9,250,000.00
173,243,640.72
450,794,272. 11
20,215,442.78
307,607, 325,78
3,300,000.00

819,499,383.21 |* 5,272,718,856.71

1 Includes$10,000,000authorized and disbursed tothe Export-Import Bank ofWashington, and $2,500,000
authorized and disbursed to the Second Export-Import Bank of Washington, D. C.
* These loans are not included in the State totals shown above.
* Includes $193,618,000
refinancing of loans previously made by the corporation to Federal
land banks for different individual amounts, but in the same
a mo u n t.

º

:

º

*In addition, upon certification by the Federal Emergency Relief Administrator, under the Federal
j º , Relief Act of 1933, the Corporation disbursed $499,650,000 forrelie , asshown below; and dis
bursed $343,537.22to the Federal Emergency ReliefAdministrator forexpenses necessary to carry out the
provisions of the above act.

38

REPORT

OF RECONSTRUC TION

FI NA NC E CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to Mar. 31, 1935, inclusive, by States—Con.
A M O U N T OF D I S B U R S E M E N TS FOR RELIEF U P O N CERTIFICATION OF G R A N T S B Y
T H E F E D E R A L , E M E R G E N C Y R E L I E F A D M I N I S T R A T O R, U N D E R T H E F E D E R A L

E M E R G E N C Y RELIEF A C T OF 1933, F R O M FEB. 2, 1932,to MA R. 31,1935, INCLUSIVE, B Y
STATES

Amount
disbursed

State

Alabama-----------------------------Alaska--

-

-

-

-

Arizona------------------------------Arkansas----------------------------California----------------------------Colorado-----------------------------Connecticut-------------------------Delaware----------------------------District of Columbia-----------------lorida------------------------------Georgia------------------------------Hawaii------------------------------Idaho--------------------------------Illinois-------------------------------Indiana------------------------------Iowa---------------------------------Kansas------------------------------Kentucky---------------------------Louisiana----------------------------Maine-------------------------------Maryland---------------------------Massachusetts-----------------------Michigan----------------------------Minnesota---------------------------Mississippi--------------------------M

u rl--- ----- ---- ----- ----- ----- ---

Montana----------------------------Nebraska-----------------------------

Amount
disbursed

State

$8,994,391 || Nevada------------------------------$370,801
349,629 || N e w Hampshire.-966,436
2,834, 1
N e w Jersey----15,423,438
7,410,249 || N e w Mexico.-889, 188
15,823, 535 || N e w York---63, 131,826
3,925,050 || North Carolina9,709, 990
4,594, 154 || North Dakota.-3,612, 520
1,010,708
hio---------36,763,382
1,056, 174 || Oklahoma-6,309,005
13,347, 232
regon.----3,213,315
,705, 354 || Pennsylvania44, 105, 509
1,110,561 || Puerto Rico.-1,970,201
,957 || Rhode Island------------------------1,870,967
52,240,038 || South Carolina----------------------- 10,424,200
11,259,425 || South Dakota.-----------------------7,035. 597
5,248,789 || Tennessee---------------------------6,369,196
2,732,728 || Texas--------------------------------- 13,249,874
5,945, 118 || Utah--------------------------------1,723,352
13,034,157 || Vermont-----------------------------481, 544
1,251,414 || Virgin Islands-----------------------281,753
7,171,098
ia-----------------------------594,074
11,355, 140 || Washington.-------------------------5,627, 175
31,369,782 || West Virginia-----------------------,090.
,831,959 || Wisconsin---------------------------9,619,053
550,286 || Wyoming----------------------------190.383
6,685,494
2,853,357
Total.--------------------------- 499,650,000
2,125,690

ToTAL, SECTION 5,REConstruction FINANCE corporation Act, As A M E N D E D
State

Alabama----------------------------------------Arizona-ArkansasCalifornia
Colorado---

Amount

authorized
-

$14,957, 576.42
3,041,300.00
31,650,953. 07
206,629,613.78
8,077, 57.1.29
19,151,785.41
257,000.00

N e w Hampshire-

New Jersey----

N e w Mexico.
N e w York----North CarolinaNorth Dakota.-hi

28,250,492.66
10,334,205.83
13,454,035.73
8,254,781.61
226,943,020. 54
46,618,936.05
71,355,215. 13
8,841,423.51
21,646,668. 24
115,773, 550.28
55,128,934.02
101,800,610.65
61,064,000.94
403,871,389.59
16,612,079.13
18,322,809.36
69,447,590.09
5,552,700.41
12, 166,223.59
6,623,725, 92
1,794,000.00
125,219,049.42
2,597,215.05
277,214,830.11
,301,
7,931,784.75
390,799,854.85
9,483,777.98
9,530,911.18
204,947,603.24
1,567,446.00

Am oun t with
drawn
or
canceled

$3,908,626.82
241,748.27
5,839,532.09
9,195,057.14
1,175,222.97
2,288,909.72
8,000.00
1,323,338.62
3,317,546.76
2,767, 164.44
848,300.85

28,078,764.47
7,755,551.36
10,582,978.40

1,66),588.15
3,078,647.96
30,016,305.03
5,300,610.42
10,765,682.25
6,768,388.46
54,592,873.29
3,234,187.43
2,345,788.89
22,177, rºo.44
562,198.68
2,201,532.46
198,394.36
356, 139.92
15,574,752.87
676,669.02
20,996,700.60
6,984,437.66
1,013,548.33
45,415,363.07
1,085,087.98
1,807,078.03
40,486,822.16
21,338.00

Am o un t
disbursed

$10,868,202. 18
2,754,251.73
24,630,492.79
195,583, 147.31
6,610,248.32
16,862,875.69
249,000.00
25,694,398.00
5,694,246.26
10, 535,350.13
7,329, 180.76
187,686,339.47
36,366,971.89
59,803, 586.73
7,036,335.36
17,815, 104.82
85,028,041.81
48,991, 123.60
88,612,359.40
53,063,422.30
302,238,416.20
13, 151,391.70
15,607.624.06
46,152.110.15
4,960,701.73
9,800,495.62
5,632,231.56
1,437,860.08
105,907,331.64
1,891,546.03
176,909,997.91
35,493,832.66
6.892,336.42

302,654,177.88
7,989,415.47
7,355,933-15
157,623,042.96
1,546, 108.00

REPORT

OF

RECONSTRUCTION

FINANCE

39

CORPORATION

TABLE 6–Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to Mar. 31, 1935, inclusive, by States—Con.
TOTAL, SECTI ON 5, R E C O N S T R U C T I O N F I N A N C E C O R P O R A T I O N ACT, AS
AMENDED–Continued

Am oun t with

Amount

State

drawn or
canceled

authorized

South Carolina----------------------------------South Dakota

West Virginia
Wisconsin----------WyomingAlaska-Hawaii-Puerto Rico.--------------------------------------

-

$24,952,395.24
$3,354,859.83
11,777,693.72
1,210, 537.18
91,815, 482.39
8,215,446. 20
61, 161,078.93
6,462,081.62
12,961,206.97
1,218,300.29
10,297,351.63
770,961.43
21,271,565.05
3,659,289.99
37,781,069. 39
12,094,293.03
25,709,446.61
3,021,260.14
63,619,069. 61
10,458,826.73
4,471,011. 25
451, 164.72
,000.001-----------------850,000.00
7,407. 63
1,218,000.00
372,694.25

Total.-------------------------------------- 3,028, 201, 157.52

Amount

disbursed

405,897, 160.41

$20,664,208.41
7.952, 506. 54
73,219,012. 23
53,397, 103.72
9,827, 254.81
8,409,016.86
17,332,362.58
25,473,043.45
21,713,916.36
50,687,265.67
3,519,846.53
100,000.00
742.592.37
845,305.75
2,388,352,667.05

Ins:

T o Federal land banks ---------------------T o Federal intermediate credit banks 2------T o regional agricultural credit corporations
(rediscounts)”-----------------------------T o railroads (including receivers and trus
tees)*-----------

-

-

-

-

-

-

-

-

a399,636,000.00
12,400,000.00
9,250,000.00 ||-----------------178,840, 452.48

5,596,811.76

173,243,640.72

457,856,080.00

6,908, 555.89

450,794,272.11

4,073,783,690.00

G r a n d total

*387,236,000.00
9,250,000.00

430,802,528.06 || 3,408,876, 579.88

B A N K S A N D T R U S T C O M P A N I E S (INCLUDING RECEIVERS, LIQUIDATING A G E N T S
AND

CONSERVATORS)
$1

California
Colorado----

Connecticut

.#3§

87

$3,380,194.54
141,748.27

§§ #

i

;H
#
º1.

771

#;§: ;

1

357

i;:
N e w Hampshire
N e w Jersey--N e w M ex ic o

$9,111,323.91
1,874,251.73
19,974,890.33
115, 184,3
3,

#;:º:
;#

lii

1
00

4

i

#

20, 58,

|
i
*
:

19

i

#
;*§
00,

;;*$

846 13
616. 70

$11.703,32
70,953,712. 20
25,541,512.61

*These loansarenot included in the State totalsshown above.
*Includes $193,618,000 representing refinancing ofloans previously made by the corporation to Federal
land banks, for different individual amounts, but inthesame aggregateamount.

40

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to Mar. 31, 1935, inclusive, by States—Con.
B A N K S A N D T R U S T C O M P A N I E S (INCLUDING RECEIVERS, LIQUIDATING A G E N T S
AND

C ON SE RV AT OR S) — Co nt in ue d
Am oun t with

º

Amount
authorized

State

$7,648,763.87
$861,706.59
10,297,351.63
770,961. 43
18,033,208.67
2,724, 106.47
29,907,310.09 ||
11,398,573.82
22,673,955.84
2,555, 799.90
39,641, 590.81
8,269,352.02
1,487,087.05
,041.53
,000.00 ------------850,000.00
7,407.
1,218,000.00
372,694.25
Total.---------

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

2,299,892,231.27 |

341,015,957.86

Amount
disbursed

$4,871,405.41
8,409,016.86
15,039,056.72
18,301,135.27
19,281,970.29
29,061,784.27
1,197,045.52
100,000.
742, 592.37
845,305.75
1,843,480, 165.40

BUI LDIN G A N D L O A N ASSOCIATIONS (INCLUDING RECEIVERS)
$111,000.00
2,658,378.25
9,585,134.81
110,000.00
549,000.00
5,000.
3,988,989.09
1,683,000.00
1,132,800.00
1,449,500.00
2,673,860.03
1,328,400.00
2,091,287.87
107,500.00
103,500.00
250,000.00
313,605.00

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maryland-----------------Michigan---------------Minnesota.--------------Mississippi--------------issouri-----------------

Montana----------------Nevada-----------------N e w Jersey---------------N e w York--------------North Carolina
North Dakota

85,000.00

30,359,926, 12
9, 102, 159.38
3,580,018.39
155,000.00
52,003,834. 58
4,102,100.00
1,668,049. 11
261,077.02
290,000.00
1,718, 150.00
1,074,462.35

Ohio-------

Pennsylvani
South Carolin
South Dakota-------------eI ll ne ss ee -- -- -- -- -- -- -- -- --

Texas-------------------Virginia-----------------Washington-------------West Virginia-----------Wisconsin----------------

164,000.00

Wyoming----------------------------------------

1,626,000.00
9,041,000.00
641,781.25

Total.--------------------------------------

144,013, 513.25

$811.96
100,944.36
519,416.39
3,263.06
49,242. 14
- - - - - - - - - - - - - - - - - -

302,971.46
22, 179,40
25, 110.25
54,488.39
24, 185.57
19,367.62
221,494.09
3,226. 48
7,502.78
2,230,27
78,068.78
55,000.00
1,683,772.45
1,796, 134.86
75,868.94
3,022.75
1,585,554. 19
156,297.39
149,228.63
15,011.55
405. 45

105,416.04
25,216.90
5,591. 24
12,956. 12
463,211.7
-----------------7,567, 192.60

$110, 188.04
2,557,433.89
9,055,718.42
106,736.94
499,757.86
5,000.00
3,686,017.63
1,660,820.60
1,107,689.75
1,395,011. Gl
2,649,573.46
1,309,032.38
1,869,793. 18
104,273.52
95,997. 22
247,769.73
235,536.22
30,000.00
28,676, 153.67
7,306,024.52
3,495,624. 55
151,977.25
29,631,211.18
3,945,802.61
1,518,820.48
246,065.47
289, 504.85

1,612,733 96
1,049,245.45
158,408.76
1,610,318. SS
8,577,788.21
141,781.25
115,148,001.54

INSURANCE COMPANIES
Alabama----------------------------------------Arkansas-

Colorado------------------District of Columbia------Florida--------------------Illinois----------------------Indiana---------------------Iowa----------------------Kansas---------------------

Kentucky-----------------Louisiana
Maryland
MichiganMinnesota

Mississipp

-

-

-

-

-

-

-

-

-

-

-

-

MissouriNebraska-----------------N e w Jersey---------------N e w York----------------North Carolina----------------------------------

-

-

-

$339,050.00
$41,300.00
$297,750.00
435,000.00
80,000.00
355,000.00
50,000.00 -----------------50,000.00
75,000.00
75,000.00
33,000.00
33,000.00
6,028,500.00
96,042.28
5,932,457.72
4,498,000.00
1,262,021.45
3,235,978. 55
3,522,000.00
102,212.50
3,419,787.50
357,000.00
22,983.34
334,016.66
1,000,000.00
1,000,000.00 -----------------1,270,000.00
21,943.75
1,248,056.25
13,985,000.00 !-----------------13,985.000.00
4,816,913.7
609,394.50
4,207,519.26
28,500.00
6,000.00
22,500.00
112,000.00 l-----------------112,000.00
7,870,000.00
298,218.63
7,571,781.37
2,399, 150.00
401,663.56
1,997.486.44
902,000.00
88,500.00
813, 500.00
28,483,600.00
1,086,357.04
27,397,242.96
1,932,500.00
112.50
1,932,387.50

REPORT

OF

RECONSTRUCTION

FINANCE

41

CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to Mar. 31, 1935, inclusive, by States—Con.
I N S U R A N C E CO MP AN IE S- Co nt i nu ed

Amount

State

A mo un t with

-

authorized

Total.-------------------------------------MORTGAGE

Arizona-----------------------------------------Arkansas-----------------------------------------

California---------------------------------------Colorado----------------------------------------Connecticut-------------------------------------District of Columbia----------------------------orida------------------------------------------Georgia-----------------------------------------Idaho-------------------------------------------Illinois------------------------------------------Indiana-----------------------------------------Iowa--------------------------------------------Kansas-------------------------------------------

Kentucky---------------------------------------Louisiana---------------------------------------Maine-------------------------------------------

Maryland---------------------------------------Massachusetts-----------------------------------

Michigan----------------------------------------

Amount

disbursed

$74,500.00
15,865,000.00
275,000.00
1,816,225.47
504,000.00
50,000.00
711,000.00
4,170,731.66
385, 196.62
736,990.77
60,000.00

$5,000.00
7,033,661.80
1,950.00
744,325.47

$69,500.00
8,831,338.20
273,050.00
1,071,900.00
504,000.00
50,000.00
676,874.49
4,126,648.42
375,092.25
460,627. 19
,000

102,785,858. 28

13,131,004.06

89, 519,494.76

LOAN

Alabama-----------------------

d r a w n or
canceled

COMPANIES

$1,913,760. 55
$486, 320.32
$1,348,940.23
100,000.00
100,000.00 !-----------------1,683,500.00
103,768.02
1,101,331.98
69,342, 493.44
1,075,674.69
68, 190, 504.07
1,374,000.00
29,903.88
1,344,096. 12
1,675,000.00
315,243.38
1,359,756.62
764,532.60 -----------------764,532.60
930,408.00
95,719.61
773,638.83
1,661, 137.74
449, 153.14
1,211,984.60
2,414,000.00
44,023. 52
2,369,976.48
7,844,419.90
1,568,001.75
3,213, 143.15
220,000.00
2,773,550.00
97,500.00
92,500.00
6,099,000.00
3,200,000.00
24,933,852.97
19,532,335.94
12,488,944.22
3,102,500.00
501,450.00
2,239,250.00
156,370.00
695,225.00
750,000.00
16,465,500.00
209,000.00
60,000.00
135,762,300.00
3,980,456.70
3,387,525.00
267,659.47
245.00
65,000.00
42,188,048.24
1,532,935.35
4,804, 650.00
120,999.30
1,007, 500.00
458,602.30
6,076, 475.00
505,447.23
6,576,000.00
231,262.25
13,069,657.00
1,858,700.00
1,202,014.00
20,427,072.24
1,725,858.08
18,540,843.93
1,285,000.00
50,000.00
1,235,000.00
1,730,230.61
899,862.25
820,501.36
4,449, 155.41
490,696.27
3,952,326.23
72,500.00
11,500.00
61,000.00
6,488,762. 92
1,726,262.92
4,599,977.31
-

Total--------------------------------------

430,650, 106.78

37,058,742.14

297,155,981.83

CREDIT UNIONS
$54,555.00
i5,000.00

$85.
9,504.30

10,000.00

261. 29

$54,470.00
55,495.70
,738.71
20,000.00
20,000.00 l-----------------467,446.00
12,263.00
455, 183.00
80
5,966.80 ------------------

622,967.80

42, 113.59

-

Total--------------------------------------

580,854.21

42

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to Mar. 31, 1935, inclusive, by States—Con.
JOINT-STOCK L A N D B A N K S
A mo un t with
d r a w n or

Amount

State

authorized

Arkansas----------------------------------------California----------------------olorado-----------------------Georgia------------------------Illinois-----------------------Indiana---------------------------

-

-

-

-

OW B -- - -- - -- - - -- - -- - -- - -- - - -- -

Kentucky---------------------

Louisiana---------------------

Michigan--------------------Minnesota--------------------

-

-

-

-

-

-

-

-

-

-

-

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

canceled

$590,000.00
$104,811.41
,188.59
3,485,000.00
342,472.72
3, 142,527.28
1,144,772.68
28,363.90
1,064,008.78
205,000.00 |-----------------205,000.00
3,645,300.00
1,383,306.72
2,261,993-28
335,000.00
62,078.76
272,921. 24
2,150,000.00
170,012.90
1,979,987. 10
330,000.00
330,000.00 |-----------------82,500.00 -----------------82,500.00
1,035,000.00
158,213.06
876,786.94
185,000.00 -----------------185,000.00
1,626,000.00
516,000.00
1, 110,000.00
781, 000.00
69,843.88
711, 156. 12
2, 185,000.00
1,168,463.98
1,016,536.02
190,000.00
100,000.00
90,000.
2,036,000.00
158,465.48
1,327,534.52
550,000.00
1,767.58
548, 232.42
600,000.00
000.00
300,000.00
21, 155,572.68

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Amount

disbursed

4,893,800.39

15,659,372.29

AG RIC UL TU RAL CREDIT CORPORATIONS
Arizona-----------------------------------------Arkansas---------------Colorado---------------Florida-----------------daho--------------------Iowa-----------------------Louisiana------------------N e w York
North Dakota--Oregon---------South Carolina
Tennessee----------------Texas--------------------Washington--------------------------------------

-

-

-

$880,000.00 ------------------

-

-

-

Total--------------------------------------

59, 955-31

435,000.00 ------------------

435,000.00

63,889.60
5,167.00
480,000.00
25,000.00
120,000.00 -----------------397, 251.46
164,660.72

58,722.60

455,000.00
120,000.00
232,590.74
1,000.00
116,790.30
58,500.00 ------------------

- v º v -

-

-

$880, 000.00
156,648.00

-

116,790.
,500.00 ||
124,250.00
95,491.08
3,013, 103.89

124.250.00 l------------------

6,239.95
81,931.70

89,251.13
2,931,172.19

6,040, 140.31

477,249.37

5,536, 130.27

LIVESTOCK CREDIT CORPORATIONS
Colorado-----------------------------------------

N e w Mexico
Oregon---TexasUtah-----WashingtonWyoming----------------------------------------

$382,850.00
2,132,035.29
421,000.00
2,142,250.00
874,441.51
270,740.00
2,184,559.15
3,477,443. 10
,500.00
2,342, 142.95

Total--------------------------------------

14,474,962.00

Id ah o
Missouri
Montana

-

-

-

-

-

-

-

-

PROCESSORS OR

DISTRIBUTORS W H O

ARE

$244, 400.00
$138,450.00
101,800.00
2,030,235.29
421,000.00 !-----------------145,900.00
1,996,350.00
106,249.88
768, 191.63
28,450.00
2fº. 290.00
25,980.00
2,158,579. 15
304,826. 12
3, 172,616.98
117,500.00
130,000.00
161,123.19
2,181,019.76
1,657,229. 19

SUBJECT T O

12,817,732.81

PROCESSING T A X E S

$567.68
3,428.00
487. 90

3,300.00
7,400.00
3, 905. 69

7,000.00
14,718.06

26,089.27
STATE FUND S C R E A T E D

Wisconsin (total)

§ RING R e p . A Y M E N T

FOR T H E PU R P O S E O F
P OS I TS O F P U B L I C M O N E

$8,387,715.88

OF

D E

S

$8,387,715.SS

REPORT

OF

RECONSTRUCTION

FINANCE

43

CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to Mar. 31, 1935, inclusive, by States—Con.
B O R R O W E R S E N G A G E D IN T H E F IS H IN G I N D U S T R Y

Am ou nt
authorized

State

Am oun t with
drawn
or
canceled

Amount

disb
-

$31,500.00
35,000.00
21,000.00
22,000.00
42,500.00
152,000.00

42,500.00

52,500.00

T O T A L , SEC. 5c O F T H E R E C O N S T R U C T I O N F I N A N C E C O R P O R A T I O N A C T , A S
A M E N D E D ( SU B SC R IP T IO N F O R N O N - A S S E S S A B L E S T O C K O F A M O R T G A G E L O A N
COMPANY)
District of Columbia (total)
TOTAL,

SEC. 5d

OF

THE

$10,000,000.00
RECONSTRUCTION

FINANCE

CORPORATION

A CT, A S

A M E N D E D

Alabama----------------------------------------Arizona-----------------------------------------Arkansas----------------------------------------California---------------------------------------Colorado----------------------------------------Connecticut-------------------------------------Delaware---------------------------------------District of Columbia.--

Florida-----------GeorgiaI da ho
Illinois
IndianaIowaKansas

Kentucky
Louisiana-

Maine--Maryland
Massachusetts-Michigan---MinnesotaMississippiMissouriM on t an a N eb ra sk aevada.--

N e w HampshireN e w Jersey -N e w Mexico-

-

-

-

-

-

-

-

-

-

$274,950.00

$76,500.00

$64,500.00

50,000.00 ------------------------------------

856,200.00
98,000.00
1,005, 500.00
52,500.00
375,000.00 -----------------625,000.00
145,600.00

510,200.00
283,800.00

51,666.20
173,000.00

7,500.00 ------------------|------------------

94,500.00 -----------------46,500.00
413,000.00
45,000.00
209,617.68
1,870. 150.00
320, 500.00
559,390.98
371,000.00
1,000.00
150,000.00
1,507,500.00
563,000.00
50, 500.00
728,000.00
138,000.00
20,000 00
618,000.00
196,500.00
158,806. 44
555,550.00
8,000.00
315,950.00
372, 500.00
20,000.00
124,600.00
93,800.00
11,000.00
30,000.00
107,500.00
25,000.00 -----------------1,215,000.00
101,500.00
444,433.33
1,837, 100.00
428,200.00
187,966.74
1,197,000.00
67,500.00
560,000.00
397,560.00
170,960.00
81,700.00
222,000.00
49,000.00
60,000.00
1,848, 650.00
227, 155.56
852,694. 44
73, 500.00
2,000.00
45,000.00
334,200.00
48,000.00
81,350.00
74, 121.93 ------------------|-----------------80,000.00
80,000.00
2,577,700.00
88,200.00
466,700.00
210,000.00
85,000.00
25,000.00
8,969,550.00
1,309,500.00
3,233, 886.38
1,095,500.00
387,500.00
148,365.06
404,100.00 !-----------------1,000.00
3,910,300.00
390,000.00
1,004, R12.67
169,500.00
69,500.00
100,000.00
889,000.00
41,300.00
473,600.00
2,494,950.00
420,000.00
578, 000.00
1,917, 000.00
210,000.00
105,000 00
62,000.00
62,000.00 -----------------50,700.00
4,000.00
9,000.00
1,336,800.00
322,200.00
495,500.00
485,025.00
175,625.00
137,677. 51
63,750.00
62,250.00
50,000.00
25,000.00
723,000.00
123,418.23
1,473,000.00
688,200.00
740,000. 00
75,256.26
678, 800.00
202,800.00
-

-

-

-

-

-

65,000.00 l------------------------------------

200,000.00 ------------------|-----------------Total.--------------------------------------

45,770,456.93

6,746,740. 56

13,017, 141.92

44

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 6–Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to Mar. 31, 1935, inclusive, by States—Con.
L O A N S T O I N D U S T R I A L O R C O M M E R C I A L B U SI N E SS
Amoun t with
State

d r a w n or
canceled

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

-

-

-

-

-

-

-

-

-

-

-

a re- -- -- -- --- -- -- --- -- -- -- --- -- -- -- --- -- -- -

District of Columbia----------------------------Fl
a- ----- ----- ---- ----- ----- ----- ----- ---- ---- - - - - - -

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

- - - - - - - - - - - - - - - - - - - - -

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Minnesota---------------------------------------

$200,950.00
$36,500.00
$64,500.00
50,000.00 -----------------------------------691, 200.00
18,000.00
510, 200.00
1,005, 500.00
52,500.00
283,800.00
350,000.00 l-----------------38,000.00
543,000.00
138,000.00
173,000.00
7,500.00 l-----------------------------------46, 500.00
94.500.001-----------------413,000.00
45,000.00
209,617.68
1,355,700.00
205,000.00
499,890.98
371,000.00
1,000.00
150,000.00
1,491, 500.00
563,000.00
50, 500.00
710,000.00
120,000.00
20,000.00
618,000.00
196, 500.00
158. 806. 4 4
328,050.00
5,000.00
135,950.00
165,000.00
20,000.00
74, 600.00
93,800.00
11,000.00
30,000.00
107,500.00
25,000.00 l-----------------715,000.00
101,500.00
111, 100.00
1,376,500.00
356,800.00
187,966.74
1,197,000.00
67,500.00
,000.00
9. 100.00
121,000.00
11,700.00

#.PP.
Missouri-----------------------------------------

-

-

-

-

-

-

-

-

-

.00
227,155.56
49,000.00
7
,00
2,000.00
,450.00
48,000.00
-93 I-----------------,000.00
60,000.00
.00
88,200.00
0
.00
85,000.00
.00
1,285,500.00
.00
322, 500.00

-

Montana-----------------------------------------

-

-

-

-

-

-

-

-

-

-

-

-

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

-

-

-

-

-

-

-

-

-

-

-

-

- - - - - - - - - - - - - - -

North Carolina---------------------------------North Dakota-----------------------------------Ohio--------------------------------------------Oklahoma---------------------------------------Oregon------------------------------------------Pennsylvania-----------------------------------Rhode Island------------------------------------ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

-

-

-

-

-

-

-

-

-

- - - - - - -

-

-

-

- - - - - - -

- -

- - - - - - - - - - - - - - - - - - -

.00

169,500.00
838,750.00
2,500.00
3,000.00
62,000.00
5,700.00
8,500.00
72,400.00

316,000.00
69,500.00
30,000.00
380,000.00
206,000.00
62,000.00
4,000.00
320,000.00
173,000.00

63,750.00 l------------------

50,000.00 l-----------------618,000.00
50,000.00
1,370, 500.00
82,000.00
560.000.00
70,000.00
392,800.00
20,000.00
65,000.00 |-----------------6,033,155.56

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

-

OF

PARTICIPATIONS

*

TO

INDUSTRIAL O R

;:

Colorado--

º

.

2207$ s: 0.

16

:
Nebraska----N e w Hampshire
N e w Jersey------N e w Mexico.--

Amount

disbursed

º

93

;

1.
385
93
s4,

849,894.44
,000.00
45,000.00
81,350.00

REPORT

OF

RECONSTRUCTION

FINANCE

45

CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to Mar. 31, 1935, inclusive, by States–Con.
PURCHASES OF

participation;SINESS—Continued
#N L O A N S T O I N D U S T R I A L
Amount
authorized

AGREEMENTS

TO

Alabama-----------------------------------Connecticut-

Illinois-IndianaKansas---Kentucky--Massachusetts
Minnesota---Missouri---N e w JerseyN e w York---North CarolinaNorth Dakota.-Ohio-------Oregon-----PennsylvaniaTennessee
Texas-------------------------------------------Virginia-----------------------------------------Washi
West Virginia------------------------------------

-

3,717,260.00

in

Hawaii--------------------------------------

-

Total.-----------------------------

-

-

-

- - - - - - -

Am oun t
disbursed

12,000.00 -----------------4,000.00
125,000.00
310,860.00

P U R C H A S E P A R T I C I P A T I O N S IN L O A N S
C O M M E R C I A L BUSINESS

Arkansas--

COMMERCIAL

Am oun t with
d r a w n or
canceled

$12,000.00
111,250.00
104,000.00
35,000.00
563,300.00
11,500.00
7,500.00
132,000.00
254,000.00
Total--------------------------------------

OR

TO

1,399,S82.86

INDUSTRIAL

OR

$55,000.00
125,000.00
42,000.00
306,600.00
9,000.00
8,000.00
12,500.00
157,500.00
43,800.00
92, 700.00
14,400.00
68, 500.00
427,000.00
225,000.00
600.00

50,000.00
38,250.00
51,200.00
175,000.00
12,625.00
93,500.00
95,000.00
48,000.00
32,000.00
200,000.00
2,383,175.00

L O A N S o n T H E A S S E T S O F C L O S E D . B A N K S A N D T R U S T C O M P A N I E S U N D E R SEC. 5e O F
T H E R E C O N S T R U C T I O N F I N A N C E C O R P O R A T I O N ACT , A S A M E N D E D
$10,050. 20
,600.00
75,750.33
14,500. 00
340,619.48

$4,188.00
22,500.00
5,298.90

18, 000.00

7.3.35 ||
13,331.38
506,219.64

14,512.50

T O T A L , E M E R G E N C Y R E L I E F A N D C O N S T R U C T I O N A C T O F 1932, A S A M E N D E D

Arkansas--------California---------Colorado-------------

$290,500.00
13,500.00
1,103,219.30
4,874,350.78

§

430.00

3,178,250.00

94,260,557.44

46

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to Mar. 31, 1935, inclusive, by States—Con.
T O T A L , E M E R G E N C Y R E L I E F A N D C O N S T R U C T I O N A C T O F 1932, A S A M E N D E D – C o n .

Amount

State

-

-

-

-

-

-

-

-

-

-

-

-

authorized

$6,770,042.54
2,161,130.00
4,412,934.00
13,526, 198.58
74,955, 127.00
1,937,895.00
611,230.00

-

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

-

-

-

-

-

-

-

-

-

350.000.00

-

Michigan---------------Minnesota.---------------

-

N e w Hampshire----N e w Jersey---------N e w Mexico.----------N e w York----North CarolinaNorth Dakota.
Ohio--------------------Oklahoma-------------Oregon----------Pennsylvania
Rhode Island
South Carolin
South Dakota.-Tennessee-------------Texas---------------Utah----------------Virginia-----Washington
West Virginia-----Wisconsin---------Wyoming---------Hawaii------------Puerto Rico.-------------------------------------Total--------------------------------------

A mou nt with
d r a w n or
canceled

-

-

-

200,000.00
13,603.71

22,917,040.47
325,331.50
3,156,787.00
575,000.00
4,444,669.00
110, 750, 00
708,000.00
5,716,929.00
27,615.00
2,577,785.00
60,000.00
75,000.00
262,632.00 1-----------------1,616,603.00 ----------------58. 204.37
5,543, 195.37
172,500.00
6,082, 503.00
55,448,269.65
5,401, 344. 17
7,120,473.20
609,750.28
598, 768.00

A m o un t
disb

...080.00

20,711,005.00
558,517.72
4,870, 579.81 -----------------105,820.71
3,782,915.00
243,062.24
35,563,375.00
1,123,500.00 l--------------4,805,770.00
81,000.00
1,908, 945.00
105,000.00
14, 387,352.00
3,979,898.66
12,445,505.85
1,660, 650.00
3,660,739.00
651,300.00
121,376.00
5,625, 529.80
9,089,278.37
2,504,543.17
9,833,218.00
178,000.00
13,938,925. 44
,000.00

$5,536,830.60
2,151,430.00
3,419,406.68
9,023,611.03
22,669,899.80
878,255.46
377,688.57
211,396.29
22,491,708.97
2,581,787.00
4,333,919.00
4,754,789.00
2,440, 170.00
15,000.00

262,632.00
1,616,603.00
5,077.991.00
5,773,503.00
46,452,911.57
6,502.722.92
597.688.00
20, 101,987.28
4,870, 57.9.81
3,677,094.29
35,320,312.76
1,123,590.00
4,724,770.00
1,803, 945.00
8,061,213.82
9,244,854.85
2,975,439.00
5,494, 153.80
6,584,735.20
9,655,218.00
13,874,693.44

125,000.00

394, 935.00
1,660,000.00
635,735,545. 39

84,348,060.19

455, 736,173.59

53,370,955.22
824,000,000.00

30,077,098.05
151,004, 259.44

20,215,442.78
307,607,325.78

Grand total-------------------------------- 1,513. 106,500.61

265,429,417.68

783, 558,942.15

s:

-

For financing exports of agricultural sur
pluses *------

- - - - - - - - - - - - - - - - - - - - - - - - - - - -

To Commodity Credit Corporation ----------

S E L F - L I Q U I D A T I N G P R O J E C T S - S E C T I O N 201 (a), T I T L E II ( I N C L U D I N G L O A N S F O R

FI NAN CIN G REPAIR OF BUILDINGS D A M A G E D B Y E A R T H Q U A K E , FIRE, T O R N A D O ,
O R C Y C L O N E IN 1933)

Arkansas.-California.-Colorado----Connecticut.--

#;

$

s

:i ;ii
:
;

I9,

entucky-#:#;
Louisiana--

Maine----Maryland-Michigan-Minnesota

§
;

841
000. 00

*These loans are not included in the State totals shown above.

773,
9,

#:
;
:
;

714

3,074,
60.

643,841.

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

47

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to Mar. 31, 1935, inclusive, by States–Con.
S E L F - L I Q U I D A T I N G P R O J E C T S – S E C T I O N 201 (a), T I T L E II ( I N C L U D I N G L O A N S F O R
F I N A N C I N G R E P A I R O F B U I L D I N G S D A M A G E D B Y E A R T H Q U A K E , FIRE, T O R N A D O ,
O R C Y C L O N E IN 1933)—Continued

Amount

State

authorized

Mississippi-----------------------------issouri
Montana-Nebraska--N e w Hampshire-N e w Jersey--N e w Mexico.-N e w York---North CarolinaOhio--------------------------------------------Oklahoma

Oregon------------------------------------------Pennsylvania--South Carolina----------------------------------South

Total--------------------------------------

256,097, 054.86

TITLE

Colorado

Michigan--Mississippi
Missouri----------------------

Montana

º f

Am ou nt
disbursed

$325,000.00
$50,000.00
$275,000.00
996, 140.00
700,000.00
42,000.00
207,000.00
27,000.00
70,000.00
75,000.00
60,000.00
15,000.00
250,000.00 -----------------250,000.00
3,308,904.37
53,904.37
2,848,000.00
5,694,600.00
172,500.00
5,385,600.00
27,218,000.00
4,372,000.00
19,303,000.00
1,120,473.20
592,473.20
520,000.00
628,800.00
158,300.00
435,000.00
299,982.81 -----------------299,982.81
734,625.00
10,000.00
724,625.00
315,000.00
215,000.00
100,000.00
230,500.00
,000.00
149,500.00
105,000.00
105,000.00 l-----------------130.74
99,869.26
100,000.00
4,273,662.85
1,640, 650.00
1,093,012.85
737,300.00
651,300.00
52,000.00
2, 110,225.80
121,376.00
1,978,849.80
3,026, 318.37
2,476, 318.37
,000.00
3,000.00
3
,000.00
125,000.00
1,300,000.

FINANCING OF AG RI CUL TU RA L CO MMO DI TIE S A N D

California

Am oun t with

21,994, 795.68

143,127, 512.34

LIVESTOCK, SECTION 201 (d),

II

$150,000.00
$150,000.00 -----------------725,000.00
603,219.30
$121,780.70
3,763,250.00
1,817,711.78
1,885,538.22
500,000.00 |-----------------125,050.00
100,000.00
99, 100.00
900.00
318,377.32 I-----------------318,377.32
15,000.00 l-----------------15,000.00
10, 500.00
2,000.00
8,500.00
757, 111.54
460,211.94
296,899. 60
5,284, 587. 58
2,393,376.64
1,356,624.03
50,492,000.00
50,452,250.00
39,750.00
35,000.00
35,000.00 l-----------------375,000.00
200,000.00
141,458.57
350,000.00
13,603.71
211,396.29
390,000.00
250,331.50
9,668.50
60,750.00
60,750.00 ||---------------104,000.00
8,000.00
6,000.00
2,500.00
615.00
1,885.00
225,000.00
4,300.00
220,700.00
1,630, 269.65
1,029,344.17
549,911.57
50,000.00
17,277.08
,722.
6,000.00
1,080.00
4,920.00
810,000.00
400,217.72
409,782. 28
250,000.00
95,820.71
154,179.29
318,500.00
28,062. 24
290,437.76
10,912,000.00
3,979,767.92
4,585,992. 56
219, 551.00
20,000.00
199,551.00
20,000.00 l-----------------20,000.00
85,530.00
28,224.80
57,305.20
175,000.00
175,000.00 l-----------------1,503, 563.44
,000.00
1,439,331.44
79,638,490. 53

62,353,264. 51

12,623,662.25

824,000,000.00

151,004, 259.44

307,607,325.78

903,638,490. 53

213,357, 523.95

320,230,988.03

*These loans are not included in the State totals shown above.

48

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to Mar. 31, 1935, inclusire, by States—Con.
A M O U N T S M A D E A V A I L A B L E F O R R E L I E F A N D W O R K R E L I E F — S E C T I O N 1, T I T L E I

State

A l ah a m a

Arizona-----------------------------------------Ark ans as-

CaliforniaColorado-Florida--Georgia

A mou nt
authorized

$4,211,688.00
1,448,289.00
4,833,967.00
10,081,631.00

Kansas-KentuckyLouisiana-

Maine---MarylandMichigan--Minnesota.-Mississippi-Missouri---MontanaNevada------N e w Hampshire
N e w Jersey--------------------------N e w Mexico.-N e w York-----------------------------North Carolina------------------------North Dakota.-------------------------h

West Virginia-----------------------------------Wisconsin

Total--------------------------------------

-----------------l----------------------------------------------------

Amount

disbursed

3,886,512.00 -----------------1,745,692.00 -----------------1,026,566.00 -----------------55,443,721.00
5, 179,931.00
2,151,430.00
2,592,934.00
6,728,987.00
8,200, 127.00
252,895.00
176,380.
21,808, 199.00
2,581,787.00
4,058,919.00
4,616,789.00
2,368,285.
262,632.00
1,366,603.00
2,009,291.00
387,903.00
26,600,000.00
5,950,000.00
592,768.00
19,272,205.
4,570,597.00
2,798,290.00
34,929,875.00
1,123,590.00
4,575,270.00
1,803,945.00
3,375,352.00
7,952,292.00
2,923,439.00
3,495,304.00
5,977,430.00
9,655,218.00
12,395,362.00
394, 935.00
360,000.00

$4,211,688.00
1,448,269.00
4,833,967.00
10,081,631.00
3,832,990.00
3,886,512.00
1,745,692.00
1,026,566.00
55,443,721.00
5,179,931.00
2,151,430.00
2,592,934.00
6,728,987.00
8, 200,127.00
252,895.00
176,380.00
21,808, 199.00
2,581,787.00
4,058,919.00
4,616,789.00
2,368,285.00
262,632.00
1,366,603.00
2,009,291.00
387,903.00
26,600,000.00
5,950, 000.00
592,768.00
19,257,205.00
4,570,597.00
2,798, 290.00
34,929,875.00
1,123,590.00
4,575,270.00
1,803,945.00
3,375,352.00
7,952,291.00
2,923,429.00
3,495,304.00
5,977,430.00
9,655,218.00
12,395,362.00
394,935.00
360,000.00

300,000,000.00 ------------------

299,984,999.00

-

Idaho--Illinois-IndianaIowa----

Am oun t with
d r a w n or
canceled

.00 ------------------

T O T A L , A C T A P P R O V E D M A R , 9, 1933, A S A M E N D E D
Alabama----------------------------------------Arizona-----------------------------------------Arkansas----------------------------------------California---------------------------------------Colorado----------------------------------------Connecticut-------------------------------------Delawar
District
Florida-------------------Georgia
Idaho--Illinois--

IndianaIowa---Kansas--

KentuckyLouisiana-

Maine----MarylandMassachusetts
Michigan----------------------------------------Minnesota--------------------------------------Mississippi---------------------------------------

$14,558, 200.00
$279,625.00
2,430,000.00 -----------------5,350, 500.00
500.
58,348,070.00
9,718,325.00
5,000,000.00
121,500.00
8,084,800.00
1,416,804.00
2,680,000.00
2,112,700.00
i 17,700,000.00
2,300,000.00
1,677,000.00
131,000.00
5,897,500.00
987,000.00
1,870,000.00
180,000.00
92,919,500.00
2,869, 135.83
17,502,500.00
1,443,000.00
12,495, 500.00
2,022,500.00
5,794,000.00
682, 500.00
11, 110,000.00
2,195, 150.00
15,757,000.00
795,000.00
10,998,000.00
1,947, 500.00
10,690,630.00
1,932,460.00
19,431,000.00
3,256,800.00
41,402,000.00
2,017,649.00
17,778,625.00
493,600.00
15,048, 150.00
890,000.00

$14,278, 575.00
2,430,000.00
4,279,000.00
48,377,425.00
4,853, 500.00
6,592,996.00
567,300.00
115,400,000.00
1,546,000.00
4,785,500.00
1,685,000.00
89,722,864. 17
15,704, 500.00
10,095,500.00
4,946, 500.00
8,754,850.00
11,051,000.00
9,050, 500.00
8,508,170.00
15,874,200.00
37,742,711.00
17,025,025.00
13,291,650.00

*Includes$10,000,000authorized and disbursed tothe Export-Import Bank ofWashington, and $2,500,000
authorized and disbursed to the Second Export-Import Bank ofWashington, D. C.

REPORT

OF

RECONSTRUCTION

FINANCE

49

CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to Mar. 31, 1935, inclusive, by States—Continued
TOTAL, A C T A P P R O V E D MAR. 9,1933, AS AMENDED–Continued
Amount

State

authorized

Missouri----------------------------------------Montana
Nebraska---------------------------------------Nevada-----N e w HampshireN e w Jersey---------------N e w Mexico.--------------N e w York----------------North Carolina---------North Dakota.----------bio--------------------Oklahoma-----------------Oregon--------------------Pennsylvania-------------Rhode Island---------------South Carolina--------------South Dakota.--

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

'...i

Amount

disbursed

$25,211,500.00
$4,857,875.00
$20,163,125.00
4,027,500.00
75,000.00
3,673,000.00
8,804,600.00
913,350.00
7,776,250.00
205,000.00 -----------------5,000.00
1,363,000.00
611,365.00
751,635.00
66,753,450.00
5,132,288.93
52,016, 161.07
1,052,500.00
362,500.00
620,000.00
367,692,750.00
12,366,627.50
289, 181,272.50
7,950,000.00
530,000.00
7,420,000.00
4,459,500.00
460,000.00
3,902,000.00
86,748,900.00
6,890,927.00
79,637,973.00
11, 158,500.00
284, 500.00
10,874,000.00
2,040,000.00
90,000.00
1,950,000.00
50,755, 700.00
7,607,453.50
,690,746.50
1,100,000.00
201,500.00
898,500.00
2,871,800.00
150,000.00
2,721,800.00
4,486, 100.00
68,000.00
4,343, 100.00
13,240, 100.00
852, 500.00
11,469, 100.00
35,594,250.00
5,018,000.00
30,198,750.00
4,280,000.00
315,000.00
3,965,000.00
15,795,000.00 -----------------14,645,000.00
12,483,000.00
1,858, 350.00
10,414,650.00
7,321,500.00
1,232,000.00
5,684,500.00
6,291,000.00
459,933.34
5,721,066.66
37,263,500.00
3,957,900.00
32,625,600.00
1,682, 500.00
312,500.00
1,357,500.00
37,500.00 !-----------------37,500.00
1,500,000.00
250,000.00
1,250,000.00
250,000.00
125,000.00 l-----------------1, 176,942,125.00

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Am oun t with

93,721,319. 10

989,755,995.90

STO CK OF BAN KS A N D TR US T C OMP ANI ES
$3,095,600.00
$3,073,575.00
50,000.00
50,000.00
584,500.00 -----------------584,500.00
3,550,750.00
539,750.00
3,011,000.00
309,800.00
160,000.00
149,800.00
230,000.00
1,000.00
229,000.00
25,000.00
25,000.00
100,000.00
100,000.00
12,500.00
12,500.00
50,000.00
50,000.00
25,000.00
25,000.00
573,000.00
525,500.00
30,630.00
30,630.00
506,000.00
506,000.00
400,000.00
400,000.00
1,160,625.00
1,159,025.00
22,650.00
22,650.00
1,548,000.00 |
1,548,000.00 -----------------10,000.00
10,000.00
2,797, 100.00
2,541,300.00
6,824,700.00
4,942,830.00
2,078,750.00
1,486,500.00
275,000.00
275,000.00
20,000.00
20,000.00
2,400.00
2,400.00
791,000.00
526,500.00
234,400.00
224,200.00
6, 100.00
6,100.00
1,100,000.00
1,100,000.00
451,250.00
151,250.00
20,000.00
15,000.00
500,000.00
500,000.00
200,000.00
200,000.00
83,000.00
83,000.00
115,000.00
115,000.00
-

Mississippi-------------------------------------Missouri----Montana-----------

-

-

Nebraska-------N e w Jersey--------------------------------------

N e w York--------------------------------------N o r t h Carolina---------------------------------N o r t h Dakota.----------------------------------Ohio--------------------------------------------Oklahoma---------------------------------------

Pennsylvania-----------------------------------S ou t h Dakota-----------------------------------Tennessee---------------------------------------Texas--------------------------------------------

Virginia------------------------------------------

Washington:-------------------------------------

West Virginia-----------------------------------Wisconsin---------------------------------------Wyoming----------------------------------------

Total.--------------------------------------

H. Doc. 215, 7 4 – 1 – 4

27,782,755.00

4,948,645.00

22,153,260.00

50

REPORT

OF RECONSTRUCTION

FINANCE

CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse

ments from Feb. 2, 1932, to Mar. 31, 1935, inclusive, by States–Continued
SUBSCRIPTIONS FO R P R E F E R R E D S T O C K OF B A N K S A N D T R U S T C O M P A N I E S
Amo unt with

.ºf

Amount
authorized

State

Alabama----------------------------------------Arizona--

Arkansas
California
Colorado---

o rida ---- --- ---- ---- ---- ---- ---- ---- ---- ---

-

-

-

-

-

-

-

-

-

-

Idaho--------------------------------------Illinois-------------------------------------------

Indiana-----------------------------------------Iowa---------------------------------------Kansas--------------------------------------

Kentucky----------------------------------Louisiana----------------------------------Maine--------------------------------------

Maryland----------------------------------Massachusetts------------------------------

Michigan----------------------------------Minnesota.----------------------------------

Mississippi---------------------------------Missouri---------------------------------Montana----------------------------------

Nebraska--------------------------------Nevada-----------------------------------

N e w Hampshire-------------------------N e w Jersey------------------------------N e w Mexico.-----------------------------N e w York--------------------------------

North Carolina

$11,462,600.00
1,540,000.00
4,766,000.00
49,797,320.00
5,000,000.00
7,775,000.00

$11,205,000.00
1,540,000.00
3,694,500.00
40,366,425.00
4,853,500.00
6,443, 196.00
137,300.00
113,600,000.00
1,317,000.00
1,647,500.00
1,585,000.00
82,944,364. 17
6,863,500.00
10,045,500.00
4,921,500.00
8,754,850.00
5,950,000.00
7,160,000.00
2,282,540.00
15,368,200.00
36,642,711.00
12,203,500.00
7,448, 500.00
9,649,625.00
3,081,000.00
5,234,950.00
205,000.00
751,635.00
46,773,331.07
620,000.00
122,979,772.50

115,900,000.00
1,447,000.00
2,522,500.00
1,770,000.00
84,446,000.00
7,497, 500.00
12,445, 500.00
5,769,000.00
11, 110,000.00
10,021,000.00
8,060,000.00
3,715,000.00
18,925,000.00
40,302,000.00
12,678,500.00
8,645,000.00
10,672,500.00
3,425,500.00
6,007,500.00
205,000.00 -----------------1,363,000.00
611,365.00
58,578,750.00
3,545,418.93
1,052,500.00
362,500.00
133,474,000.00
7,075,227.50
7,675,000.00
530,000.00
,000.00
2,395, 500.00
30,000.00
2,293,000.00
24,737,500.00
1,578,427.00
23,089,073.00
10,367,500.00
20,000.00
10,347,500.00
915,000.00
25,000.00
,000.00
50,521,300.00
7,597,253.50
39,466,546.50
1,100,000.00
201,500.00
500.00
1,585,000.00
80,000.00
1,505,000.00
2,973,000.00
25,000.00
2,873,000.00
12,140,100.00
852, 500.00
10,369,100.00
25,717,500.00
3,025,000.00
22,377,500.00
1,590,000.00
265,000.00
1,325,000.00
7,770,000.00 l-----------------7,620,000.00
12,463,000.00
1,853,350.00
10,399,650.00
3.220,000.00
930,000.00
1,890,000.00
3,015,000.00
94,933.34
2,895,066.66
16,557,500.00
1,195,400.00
15,042,100.00
1,567,500.00
312,500.00
1,242,500.00
37,500.00 l-----------------37,500.00
250,000.00
250,000.00 -----------------250,000.00
125,000.00 l-----------------727,386,570.00

P U R C H A S E S OF CAPITAL

disbursed

165,000.00

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

District of Columbia------------------------

Amount

- - -

62,212, 174.10

Note: 35 D E B E N T U R E S

637,975,935.90

OF BANKS A N D T RU S T

O M P A N I E S

Indiana-

Mississippi

-

Missouri-----------------------------------------

$840,000.00
5,000,000.00
2,515,000.00
1,800,000.00
3,350,000.00
8,461,000.00
10,005,000.00
5,736,000.00
2,365,000.00
6,945,000.00
700,000.00
3,939,500.00
6,380,500.00
12,991,000.00

|--

-

-

-

,000.00
1,685,000.00
859,000.00
635,000.00
1,000,000.00
750,000.00
|-----------------187,000.00
560,000.00
2,414,500.00

$840,000.00
5,000,000.00
430,000.00
1,800,000.00
3, 113,000.00
6,766,000.00
8,841,000.00
5,101,000.00
1,365,000.00
6, 195,000.00
700,000.00
3,662,500.00
5,820,500.00
10,513,500.00

*Includes$10,000,000authorizedand disbursedtothe Export-Import Bank ofWashington,and $2,500,000
authorized and disbursed totheSecond Export-Import Bank ofWashington, D.C.

REPORT

OF RECONSTRUCTION

FINANCE

51

CORPORATION

TABLE 6–Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to Mar. 31, 1985, inclusive, by States–Continued
PURCEIASES OF CAPITAL N O TE S O R D E B E N T U R E S
C OMPA NIES -Con tin ued

State

Montana----------------------------------------N e w Jersey-------------------------N e w York----------------------------Nort h Dakota-------------------------io----------------------------------Oregon---------------------------------

South Carolina--------------------------S o u t h Dakota.---------------------------T ex as- --- -U ta h- --

V e rm o nt
Washington
West Virginia.-Wisconsin---Puerto Rico.-------------------------------------Total.--------------------------------------

Amount

authorized

OF BANKS A N D

Amoun t with
d r a w n or

canceled

TRUST

A mo un t
disbursed

$592,000.00
$10,000.00
1,350,000.00 -----------------232, 140,000.00
5,070,000.00
2,044,000.00
430,000.00
62,009,000.00
5,312,500.00
1,125,000.00
65,000.00
1,286, 800.00
70,000.00
1,507,000.00
43,000.00
9,425, 500.00
1,693,000.00
2,690,000.00
,000.00
8,025,000.00 -----------------3,601, 500.00
302,000.00
3,076, G00.00
365,000.00
20,623,000.00
2,762,500.00
1,250,000.00 ------------------

$582,000.00
300,000.00
164,715,000.00
1,589,000.00
56,546, 500.00
1,060,000.00
1,216,800, 00
1,464,000.00
7,670,000.00
2,640,000.00
7,025,000.00
3,294,500.00
2,626,000.00
17,500,500.00
1,250,000.00

421,772,800.00

329,626,800.00

26,560, 500.00

T O T A L , SEC. 36, T I T L E II, O F T H E E M E R G E N C Y F A R M M O R T G A G E A C T O F 1933, A S
A M E N D E D – ( D R A I N A G E , L E V E E , I R R I G A T I O N , A N D S I M I L A R D I S T RICTS, ETC.)

2,925,841.35
1,992,900.00 -----------------2,167,000. 46
2,609,251.23
383,500.00
,500.00
1,316,550.00
302,500.00
4,604,650.00
5,284, 111.20
1,421,241.04
1,570, 140.00

Montana-Nebraska
Nevada----N e w Mexico.-North Carolina-Oregon---------South Carolina-South Dakota---

$2,235,233.77
5,625,035.01
609, 507.83
679,276.90
621, 677.69
379,376. 14

5,070,346.76
51,000.00
118,000.00
233,756. 57

Total.----------*----------------------------

84,607,718.34

1,984,865.31

T O T A L , A C T A P P R O V E D J U N E 10, 1933, A S A M E N D E D
$100,000.00

52

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to Mar. 31, 1935, inclusive, by States
SUBSCRIPTION F O R P R E F E R R E D S T O C K O F A N IN S U RA N C E C O M P A N Y

State

Kansas (total)-----------------------------------

Amount
authorized

Am oun t with

º f

Amount

disbursed

$100,000.00 ------------------

$100,000.00

T º : A C T A P P R O V E D A P R. 13, 19 34–( LOA NS F O R F I N A N C I N G R E P A I R O F P R O P E R T Y
B º º p B Y E A R T H Q U A K E , O R F L O O D I N 1933, O R IN J A N U A R Y A N D F E B R U A R Y
California (total)---------------------------------

$2,150,000.00

$400,000.00

$225,330.00
|

TOTAL, SEC. 14 OF T H E A C T A P P R O V E D J UN E 19, 1934, A S A M E N D E D – ( L O A N S T O
B O R R O W E R S E N G A G E D IN T H E MINING, MILLING, O R S M E L T I N G O F ORES)
$8,000.00
248,000.00
180,000.00
160,000.00
12,000.00
608,000.00
T O T A L , SEC. 16 O F T H E A C T A P P R O V E D J U N E 19, 1934, A S A M E N D E D – ( L O A N T O A
PUBLIC-SCHOOL A U T H O R I T Y FO R T H E PU RP OSE OF P A Y M E N T OF T E A C H E R S '
S A L A R I E S D U E P R I O R T O J U N E 1, 1934)
Illinois (total)------------------------------------

$22,500,000.00

$200,000.00

$22,300,000.00

REPORT

OF

RECONSTRUCTION

FINANCE

53

CORPORATION

TABLE 7 – A m o u n t

o authorizations, disbursements, repayments, and amounts
outstandingfrom Feb. 2, 1932, to Mar. 31, 1935, inclusive, by months and classes
GRAND TOTAL

M ont h

A m o u n t authorized I
-

$91,601,057.00
142,333,075.06
228,771,667.33
199,450,025. 39
254,246.
170,934,728.59
189,068, 106.31
138,480,782.93
162,373,944.36
96,598,980.32
128,510,058.65

A m o u n t dis-

bursed

Am oun t out

Am oun t repaid

standing
at end
of period
-

$70,868,417.52
121,477,890.49
155,543,323.23
158,983, 559. 12
298,276,816.59
171,149,931.86
146, 180,913.71
72, 120,713.91
137,623,749.68
61,020,558.96
131,501,263.75

$18,845.00
8,873,883.30
7,009,080. 50
16,440,727. 23
48,684,900.92
34,615, 181.07
35,232,968.30
44,903, 158.06
47,565,316.28
27, 180,977.04
29,423,415.68

$70,849,572.52
183,453,579.71
331,987,822.44
474, 530,654.33
724,122,570.00
860,657,320.79
971,605,266. 20
998,822,822.05
1,088,881,255.45
1,122,720,837.37
1,224,798,685.44

1,936,376,672.57 | 1,524,747,138.82

299,948,453.38

1,224,798,685.44

142,844,447.43
283, 171,473.85
217,732,207.45
162,528,594.61
141,981,250.47
154,047,880.32
201,024,785.36
57,792,381.18
44,791,443.05
517,388,597.97
377,237,724.85
2477,387,989.05

117,995,293.92
32,452,828.29
199,499,330.83
35,971,603.16
179,533,134.72
55,813,566.83
117,500,398.87
40,213,996.05
195,805,854.81
46,800,209.06 |
123,677, 183.75
94,656,029.32
115,339,396.98 || 1 112,949,299.42 ||
83,128,537.43
*73,520,461. 92
39,271, 516.79
61,734,251.55
48,646,412.75
*69,684,660.98
186,473,215.08
51,202,045.08
369,537, 593.42
67,574, 183.47

1,310,341,151.07
1,473,868,878. 74
1,597,588,446.63
1,674,874,849.45
1,823,880,495.20
1,852,901,649.63
1,855,291,747.19
1,864,899,822.70
1,842,437,087.94
1,821,398,839.71
1,956,670,009.71
2,258,633,419.66

*2,777,928,775.59 || 1,776,407,869. 35 | 1742,573,135.13 || 2,258,633,419.66
January----------------------February.

*409,339,817.72
343,781,651. 19
*86,279,741.91
2,516, 135,328.94
2133,276, 542.29
138,223,573.21
282,739,872.01
2,571,619,030.14
a198,227,303.13
174,702,514.43
*91,311,857. 53
2,655,009,687.04
April--2103,190,048.62
137, 503,338.54
*91,123,212.32
2,701,389,813.26
ay-- 2118,049,438.78
100,482,025, 14
*66,997,340.49
2,734,874,497.91
June---** 263,197,440.33
205, 212,503. 38
*67,833,280.34
2,872,253,720.95
July---*75,232,255.48 || 3278, 190,303.16 is 443,161,849. 19
2,707,282, 174.92
August----*188,735,406.22
115,003,449. 22 || 2 136,884, 234.90
2,685, 401,389.24
September-1294,902,020.25
54,364,910.22
*71,019,857.88
2,668,746,441.58
October---2205,081,486.
60,087,192.35
*79,138,392.20 || 2,649,695,241.73
November-157,737,073.77
87,827,838.51
*73,407,691.89 || 2,664, 115,388.35
December--------------------- *122,385, 150.99
132,546,720.68 | * 114,654,822.33
2,682, 007,286.70
Ma rch --- -

Total-------------------- 2,169,353,984. 57 | 1,827,926,020.03 || 1,404,552, 152.99 || 2,682,007, 286.70
37,414,937.25
22,779,318.77
39,846,021.77

73,416,016.65
60,564,946.92
*50,497, 104.90

2,657,866, 724.50
2,652,039, 146.41
2,641, 167,046.74

100,040,277.79

143,637,828.51 | *184,478,068.47

2,641,167,046.74

Grand total.------------- 6,983,699, 710.52

5,272,718,856.71 42,631, 551,809.97

2,641, 167,046.74

Total, first quarter------

49,275,454.45
54,737,368.83
39,625,005.23

1These figures have been adjusted on account of rescissions.
* R e vised.

º

* Includes
representing refinancing of loans previously made by the Corporation to Federal
land banks for fferent individual amounts, but in the same
amount.
* Exclusive ofrepayments unallocated, pending advices, as of º ar. 31, 1935.

º ;

54

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 7.-Amount o

authorizations, disbursements, repayments, and amounts
outstandingfrom Feb. 2, 1982, to Mar. 31, 1985, inclusive, by months and classes—
Continued

TOTAL, SEC. 5, R E C O N S T R U C T I O N F IN A N C E C O R P O R A T I O N ACT, AS A M E N D E D

Amoºthor. Anºis.

M on t h

e

A mou nt repaid

Amo unt out
standing at end
of period

$91,601,057.00
142,333,075.06
228,771,667.33
199,450,025.39
388,254, 246.63
167,934,728.59
125, 136,437.31
65,352,280.71
59,371,561.73
73,659,796.72
81,467,467.97

$70,868,417. 52
121,477,890.49
155,543,323.23
158,983, 559. 12
298,276,816.59
171, 149,931.86
142,233,029.71
61,909,014. 16
120,353,360. 16
39,367,417.87
,440,36

$18,845.00
8,873,883.30
7,009,080.50
16,440, 727. 23
48,684,900.92
34,615, 181.07
35,232,968.30
44,903, 158.06
47, 563,281.73
27, 177,436.04
29,313,534. 28

$70,849,572. 52
183,453,579.71
331,987,822.44
474,530,654.33
724, 122,570.00
,657,320.79
967, 657,382. 20
984,663,238.30
1,057, 453,316. 73
1,069,643,298. 56
1,127,770, 126.21

1,623,332,344. 44

1,427,603, 122.64

299,832,996.43

1,127,770, 126.21

75,183,421.58
32,308,547. 15
159,688,523.62
35,910,843.56
122,840,052.22
55,687,000. 79
62,758,894. 98
40, 103,725.68
135,626,841.22
46,258,651.69
99,193,850. 52
94,303. 490.41
95,895,674.09 || 7112,777,799.45
69,438,406. 13
*72,785,680.60
25,086,394.18
61, 116,379.75
37, 194,685.39
*69,504, 739.84
105,441, 763.45
50,016, 520.06
168,594, 158.
63,733,126.65

1,170,645,000. 64
1,294,422, 680.70
1.361,575,732. 13
1,384, 230,901. 43
1,473,599,090.96
1,478,489, 451.07
1,461,607,325.71
1,458,260,051. 24
1,422,230,065.67
1,389,920, 011. 22
1,445,345,254.61
1,550,206, 286. 92

84, 182, 129.23
209, 735,830.65
155,329,303. 10
100,727,623.93
111,284,726.83
120,001,798.76
133,113,288. 14
50,602,085.60
38,383,943.05
234,808,928.52
133,849,224.85
158,505,029.42

1,530,523,912.08 || 1,156,942,666.34

734,506,505.63

1,550,206,286.92

119,658,387.83
*51,261,401.56
17,583,575.76
50,594,695.21
37,556, 112.69
42,730,239. 15
*220,497,277.29
42,804,762.57
19,769,795.78
29,873, 546.39
58,388,677.59
89,867,446.31

285,032,667. 25
274,601,072.02
*80,250,219.70
283,887,390.77
*63,907,811.57
* 56,333,017.33
18315,413,981.06
*81,611, 118.08
33,983,940.27
*32,193,275.84
248, 447,848.24
*79,384, 115.02

1,584,832, 007. 50
1,561,492,337.04
1,498,825,693. 10
1,465,532,997.54
1,439, 181,298.66
1,425,578,520.48
1,330,661,816.71
1,291,855,461.20
1,277,641,316.71
1,275,321,587.26
1,285,262, 416. 61
1,295,745,747.90

780,585,918. 13 | 1,035,046,457.15

1,295,745,747.90

- * **

* - * * * * -

229, 970,823.77
*62,029,365. 16
874,005, 944.30
15,390,099.01
12,954,708.87
17,576,681.30

17,418,681.94
14,877,791. 77
11,448,399.06

61,853,411.02
49,076,661.80
•44,909, 669.79

1,251,311,018.82
1,217, 112, 148.79
1,183,650,878.06

45,921,489.18

43,744,872.77

* 155,839,742.61

1,183,650,878.06

4,073,783,690.00

3,408,876, 579.88

2,225,225,701.82

1,183,650,878.06

1These figures have been adjusted on account of rescissions.
* Revised.

•Includes$193,618,000º

:

refinancing of loans previously made by the Corporation to Federal

º :

land banks for different individual amounts, but in the same
* Exclusive ofrepayments unallocated, pending advices, as of

amount.

ar. 31, 1935.

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 7.-Amount of authorizations, disbursements, repayments

and

55
am ou nt s

outstanding from Feb. 2, 1982, to Mar. 31, 1935, inclusive, by months and classes—
Continued

B A N K S A N D T R U S T C O M P A N I E S (INCLUDING RECEIVERS, LIQUIDATING AGENTS,
A N D CONSERVATORS)

Mo nth

Anºther Anºis.

23,249,644.02
51,006, 363.83

,420,708.99
43, 102,313.33

949,437,000.09

850,861,060.02

256,249,373.06

594,611,686.96

56,133,284.40
132,422,465, 58
98,543,748.61
63,489,853.51
55,456,202.42
,949,096. 07
100,595,536, 74
33,461,223.34
21,620,010. 53
103,270,900.08
38,376,260.33
107,984,632.

43,125,290.40
78,112,411.70
62,900,655.93
23,914,051.40
87,947,700.34
12,034,738.64
66,053,436.74
52,493,748. 50
15,610,326.79
15,030, 459.24
50,296,831.40
71,174,894.58

26,006,824.40
20,684,701.71
40,733,012.09
28,431,486.93
37,888,316.40
75,139,370.23
67,871, 161.50
35,298,974.45
27,515,419.22
30,763, 169.21
25,417,090.99
46, 126,511.29

611,730, 152.96
669,157,862.95
691,325, 506.79
1.26
686,
736,867,455.20
673,762,823.61
671,945,098.85
689, 139,872.90
677,234,780.47
661,502,070.50
686,381,810.91
711,430, 194.20

850,303,214.05

578,694,545.66

461,876,038.42

711,430, 194.20

52,667,508.46
140,416,599.06
,786,538.07
46,659,287.64
*32,445, 580. 10
* 18,860,023.90
*36,426,978.82
104,701,384.66
*10,338,281.85
*26,406,301.13
120,800,878. 27
*22,741,448.53

52,170,810.41
238,806,076.75
12,679,248.46
19,698,861.31
28,441,484.52
25,213,830.72
19,854,267.78
38,931,809. 19
15,767,592.57
17,781,752.47
47,996, 50l. 16
65,818,878.88

62,962,643.73
148,970,789.33
*51,960,680.63
*50,408,898.02
42,850, 134.36
a41,118,758.67
131,973,087. 12
*25,421,257.95
23,291, 158.75
*22,001, 197.60
*32,743,424.78
*34,498,857.63

700,638,360.88
690,473,648.30
651, 192,216.13
620,482, 179.42
606,073,529.58
590,168,601.63
578,049,782.29
591,560,333.53
584,036,767.35
579,817,322.22
595,070,398.60
626,390,419.85

462,250,810.49

383, 161,114.22

468,200,888.57

626,390,419.85

12,151,799.01
9,952,611.90
15,796,795.73

11,987,985.80
9,670,568.45
9,104,891.25

46,729,301.81
36,804,463.59
*35,189,508. 76

591,649,103.84
564,515,208.70
538,430,591. 19

37,901,206.64

30,763,445. 50 | * 118,723,274.16

538,430,591. 19

2,299,892, 231.27

1,843,480, 165.40 *1,305,049,574.21

538,430,591. 19

-

Total, firstquarter-----Grand total

standing at end
ofperiod

$18,845.00
7,651,531.30
6,889,778.45
12,585,480.24
45,346,776.63
28,200,745.53
31,301,194.49
40,413,591.02
40,317,817.54
22,466,223.72
21,057,389. 14

Au gu st --

September
October----------------------November
December---------------------

A mo un t out

Am oun t repaid

-

1 These figures have been adjusted on account of rescissions.
* Revised.
* Exclusive of repayments unallocated, pending advices, as of Mar. 31, 1935.

$39,527,315.52
117,746,764.71
223,009,987.62
318,617,351.67
424,895, 525.03
500,861,063. 24
547, 195,778.43
534,183,837.43
574,612,277.50
572,566,762.77
594,611,686.96

56

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstandingfrom Feb. 2, 1932, to Mar. 31, 1935, inclusive, by months and classes—
Continued
BUI LDIN G A N D L O A N ASSOCIATIONS (INCLUDING RECEIVERS)
Amount out

Anºis.

Amoºthor

Mo nth

-

$4,879,750.00
19,106,083.40
*13,081,890.00
15,417,200.00

Amo unt repaid

$2,430,500.00 |-----------------10,170,186.68
$58,642.06
19,624,016.39
409,878.87
*9,892,376. 19
*542,248.30
16,577,471. 48
a1,207,587.60
12,180,063. 17
*1,564,488.62
*9,436,370.28
* 1,255,841.56
5,080,954.91
*1,378,769.02
3,830,807.59
* 1,621,406.05
4,710,367.98
*1,599,478.89

4, 510.03
600.00
705.00
500.00
532.00
274.32

standing at end
of period

$2,430, 500.00
12,542,044.62
31,756, 182.14
41, 106,310.03
56,476, 193.91
67,091,768.46
75,272,297.18
78,974,483.07
81,183,884.61
84,294,773.70

66,044.75

* 93,933,114.67

19,638,340.97

84,294,773.70

*4,298,524.89
2,849, 559.28
3,219,307. 24
1,691,000.00
a 1,851,231.87
,804,847.24
892,449.04
281,490. 54
2,111,059.51
443,016.68
2,135,000.00

23,416,306.47
4,093,224.60
1,697,279.66
2,375,255.24
*1,898,968.45
1,741,824.86
724, 147.01
1,114,230.35
321,417.65
531,340.92
*287,414.58
1,014,664.29

*2,291, 156.52
22,082,298.27
*2,608,578.84
*4,019,661.00
*3,136,936.18
*3,438,738.79
*2,477,829.91
*3,199,738.29
*3,135,226.86
a4,357,938.33
*3,525,344.64
*2,945,460.71

85,419,923.65
87,430,849.98
519,550.80
84,875,145.04
83,637, 177.31
81,940,263.38
80,186,580.48
78,101,072.54
75,287,263.33
71,460, 665.92
68,222,735.86
66,291,939.44

*21,844, 267.54

* 19,216,074.08

*37,218,908. 34

66,291,939.44

606. 85
000.00
000.00
000.00
000.00
000.00

924,203.45
43, 161.85
71,317.92
42,815. 10
258,219.08
30,551.50
,000.00

24,344,047
23,311,678.58
*4,401,655.81
*5,300, 453.33
*5,743,986.66
*4,688,780.81
*4, 152,024.54
*5,626,763.97
*2,896,219.24
*3, 143,368.57
*2,046,592.42
*2,606, 576.78

62,872,095.09
59,603, 578.36
55,273,240.47
50,015,602.24
44,529,834.66
39,871,605.35
36,219,580.81
30,592,816.84
27,696,597.60
24,604,497.92
22,557,905.50
19,951,328.72

48,262,148.51

19,951,328.72

500,000.00 -----------------80,000.00 l-----------------8,524.90
77,275.00

4,473,964. 33
2,049,097.45
*1,224,401.60

15,477,364. 39
13,428, 266.94
12,281, 140.34

Total, first quarter------

588, 524.90

47, 747,463. 38

12,281, 140.34

Grand total--------------

144,013, 513.25

115,148,001. 54 | * 102,866,861. 20

12,281, 140.34

781.25

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

65,000.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

51,268.89

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

*20,787,059.21 |-----------------21,814,676.06
January----------------------February-March-------------------------

1,921,537.79

77,275.00

1These figures have been adjusted on account of rescissions.
* Revised.
* Exclusive ofrepayments unallocated, pending advices, as of Mar. 31, 1935.

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

57

T A B L E 7.-Amount o

authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Mar. 31, 1985, inclusive, by months and classes—
Conti nued
INSURANCE COMPANIES

Anºther Anºis.

Mo nt h

Amount out

A mou nt repaid

standing at end
of period

1932

March------------------------April----------------May---------------June---------------July---------------August------------September---------October---November---------December---------------------

-

-

-

-

-

-

-

- - - - - - - - - - - - - - - - - - - -

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

- - - - - - - - - - - - - - - - - - - -

Total--------------------

$7,080,000.00
9,722,000.00
7,543,000.00
39, 120,500.00
3,833,500.00
4,523,700.00
3,370,500.00
1,209,000.00
2, 151,000.00
4,495,731.66

$6,635,920.00
4,141,250.00
8,514,225.00
,719,243.83
4,069,749.49
4,661,210.41
4,691,720.37
1,625,444.01
1,665,828.78
5,313,027.03

$74,400.00
17,991.37
378,115.24
99,965. 64
409, 111.04
296,009.69
924,791.50
964,884. 50
695,473.62
1,727,995.92

$6,561,520.00
10,684,778.63
18,820,888.39
45,440, 166.58
49, 100,805.03
,466,005.75
57,232,934.62
57,893,494.13
58,863,849. 29
62,448,880.40

83,048,931.66

68,037,618.92

5,588,738.52

62,448,880.40

1,214,500.00
1,236,500.00
7,328,131.07
1,624,000.00
1,286,322.94
2,074,381.84
330, 100.00
650,000.00
545,000.00
300,000.00
541,000.00
350,000.00

976,151.99
407,252.19
9,514,589.21
1,678,000.00
2,256,149.25
947,098.39
964,476.50
1,238,304.75
535,000.00
382,000.00
355,888.94
389, 503.38

522,669.22
249,134.17
315,230.93
1,453,255.23
960,955.02
4,627,689.07
3,040,046.40
1,019,754.86
1,032,068. 17
702,310. 55
2,858,270.26
4,382,351. 13

62,902,363.17
63,060,481.19
72,259,839.47
72,484,584.24
73,779,778.47
70,099,187.79
68,023,617.89
68,242,167.78
67,745,099.61
67,424,789.06
64,922,407.74
60,929,559.99

17,479,935.85

19,644,414.60

21,163,735.01

60,929,559.99

240,000.00
730,000.00

237, 425.80
668, 104.13

4,897,331.31
2,878,747.39
3,224,029.44
13,323,826, 10
2,857,802.42
835,205.22
2,039,300.98
1,160,799. 19
831,357.84
864,938.90
602,486.82
*4, 504,357.43

66,269,654.48
54,059,011.22
51,554,081.78
38,250,350.82
35,398,253.26
34,563,048.04
32,523,747.06
31,362,947.87
30, 531,990.03
29,852,051. 13
29,249,564.31
24,745,206.88

38,020, 183.04

24,745,206.88

792,205.65
1,428,663.61
*491, 192.77

23,953,001.23
22,525,968.93
22,034,776. 16

1934

January----------------------February
March-AprilM a y --

-

Jun e--

July-----A

st-----

September-October---November-December---------------------

-

Total, first quarter------

2,300.00

1,631.31

*2,712,062. 03

22,034,776. 16

Grand total.-------------

102,785,858.28

89,519,494.76

*67,484, 718.60

22,034,776. 16

1 These figures have been adjusted on account of rescissions.
* Revised.
*Exclusive of repayments unallocated, pending advices, as of Mar. 31, 1935.

58

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts

{...}
from Feb. 2, 1932, to Mar. 31, 1935, inclusive, by months and classes—
Continue
MORTGAGE

Mo nt h

LOAN COMPANIES

Am oun t authorized 1

$6,517,000.00
7,360,000.00
*2,898,000.00
56,825,000.00
7,119,000.00
1,092,000.00
960,000.00
4,415,000.00
3,805,800.00
2,832,602.61

Total-------------------.

Total--------------------

Amoun t disbursed

Amount out

A mou nt repaid

standing at end
ofperiod
-

$1,277,000.00 -----------------7,857,925.08
$38,159.93
5,177,732.43
209,644.67
*52,256,209.74
*347,569.30
7,782,289.38
*1,548,312.32
3,184,891.92
11,423, 658.10
*2,949,950.11
*1,468,012.38
3,222,581.36
*2,016,043.73
2,023,729.34
*1,315,007.34
2,620,710.93
*2,933,966.83

$1,277,000.00
9,096,765.15
14,064,852.91
65,973,493.35
72,207, 470.41
73,968,704.23
75,450,642.06
76,657, 179.69
77,365,901.69
77,052, 645.79

*93,824, 402.61

*88,353,020.39

*11,300,374.60

77,052, 645.79

13,258,200.00
31,658, 133.96
4,808,300.00
1,344,450.00
*5,407,458.00
49,405, 143.93
8,319,811.03
5,776,400.00
6,567,630.84
*90,701,370.00
13,767,638.62
13,374,509.06

14, 123,951.40
32,031,442.60
4,308, 125.25
520,010.92
1717,724.48
46,197,567.68
1,432,403.59
7,057,961.93
1,262,939.98
4,155,303.46
* 5,145,440.27
19,060, 168.51

* 1,700, 582.44
*1,681, 677.66
1765,457.67
*3,570,788. 20
738,984.02
1944,577.70
*1,844,901.17
*3,793,570.73
*2,305,963.66
34,830,336.50
* 1,618,766.15
* 1,444,826.95

79,476,014.75
109,825,779.69
113,368,447.27
110,317,669.99
110,266,410.45
155,519,400.43
155,106,902.85
158,371,294.05
157,328,270.37
156,653,237.33
160,179,911.45
177,795,253.01

*234,389,045.44

126,013,040. 07

125,270,432.85

177,795,253.01

4,204,231.72
3,169,528.92
25,645,484.92
10,994, 596.66
22,236,091.48
2,860,043.60
1,628,500.00
3,184,092.28
*2,857, 012.00
*5,923,069.24
*5,926,363.52
6,489,847.42

5,791, 110.00
1,016,365.20
759,553.54
29,718,319.71
8,595, 143.62
5,599,873.49
4,631,301. 12
2,807,894.17
2,820,449.99
1,925,475.40
1,229,905.15
8,530,509.02

*4,695,485. 54
*12,643,382.07
*6,974,771.26
*3,339,964.78
*5,201,549.66
24,889, 113.39
*11,989, 023.48
*25.669, 764.53
24,075,591. 53
*3,220,099.94
24,363,510.16
*4,422,871.85

178,890,877. 47
167,263,860.60
161,048,642.88
187,426,997.81
190,820,591.77
191,531,351.87
.51
184, 173,
161,311,759.15
160,056,617.61
158,761,993-07
155,628,388-06
159,736,025.23

95,118,861.76

73,425,900.41

91,485, 128. 19

159,735,025.23

2,678,400.00
2,908, 796.97
1,730,600.00

2,753, 196. 14
4,944, 592.01
1,666,232.81

6,650,018.85
5,827, 115.31
*4,826, 574.21

155,839,202. 52
154,956,679.22
151,796,337.82

0,364,020.96

* 17,303,708.37

151,796,337.82

297,155,981.83 | *145,359,644.01

151,796,337.82

1935

January----------------------February---------------------arch-----------------------Total, first quarter------

7,317,796. 97

Grand total.-------------

430,650, 106.78

These figures have been adjustedon account ofrescissions.

*Revised.

*Exclusive ofrepayments unallocated, pending advices, as ofMar. 31, 1935.

REPORT

OF

TABLE 7.-Amount o

RECONSTRUCTION

FINANCE

CORPORATION

59

authorizations, disbursements, repayments, and amounts

outstandingfrom Feb. 2, 1982, to Mar. 31, 1935, inclusive, by months and classes—
Continued
CREDIT UNIONS

*:::::

M o nt h

ã º

Amount out

Am oun t repaid

standing at end
of period

$338,437.00
364,334.00
369,684.00
368,449.00
367,799.00
366,649.00
432,155.00
431,260.00
Total--------------------

472,446.00

440,098.00

9,555.00

9,555.00

8,838.00

431,260.00

305.00

941.40
18,594.53
11,179.99
17,668.65

440,510.00
438,635.00
436,495.00
435,400.00
434,250.00
549,200.70
547,985.90
547,144.07
555,941.38
537,346.85
526, 166.86
512,498.21

57,551.20

512,498.21

12,707.44
1,182. 22
5,594.39
4,703.20
6,736.17
54,915.15
38,410.00

1933

January----------------------February--------

-

-

-

-

-

-

-

-

-

1,875.00
2,140.00
1,095.00
1,150.00

-

10,000.00
-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

65,000.00 i-

545.00

1,214.80
841.83

650.00

499,790.77
498,608. 55
493,014, 16
488,310.96
483,541.59
428,626.44
390,216.44
389,258.41
,200. 22
387,345.22
386, 107.72
385,457.72

129,007. 29

385,457.72

18,474.32
6,334.52
*17,519.44

366,983.40
360,648.88
343, 129.44

958.03

1,058.19
855.

1,237.50

Total, first quarter------|------------------|-----------------Grand total.-------------

622,967.80

580,854.21

442,328.28

343, 129.44

•237,724.77

343, 129.44

1These figures have been adjusted on account of rescissions.
* R e vised
Exclusive ofrepayments unallocated, pending advices, as of Mar. 31, 1935.

60

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts

{...!
from Feb. 2, 1932, to Mar. 31, 1935, inclusive, by months and classes—
ontinue
FEDERAL LA ND BANKS

Mo nth

Am oun t authorized 1

A m o u n t d is

bursed

Amount repaid

ount out
*A mº
n.

$9,000,000.00
9,000,000.00
11,450,000.00
14,300,000.00
15,800,000.00
18,500,000.00
18,500,000.00
18,800,000.00
18,800,000.00
18,800,000.00
19,800,000.00
20,300,000.00
21,800,000.00
23,800,000.00
25,800,000.00
28,800,000.00
36,300,000.00
72,800,000.00
142, 118,000.00

31,200,000.00
Total--------------------

145, 518,000.00

123,618,000.00 ------------------

142,118,000.00

31,500,000.00

51,500,000.00 l------------------

193,618,000.00

1934

January-----------------------

October-November
December---------------------

-

Total

78,455,398.71

January----------------------------------------February----------------------|----arch-------------------------------------------

1,491,325.35
2,490,737.91
*2, 154,903.87

76,964,073.36
74,473,335.45
72,318,431.58

*6,136,967. 13

72,318,431.58

s387,236,000.00 ||3+314,917,568.42

72,318,431.58

Total, first quarter-----|------------------|-----------------Grand total.--------------| *399,636,000.00
i

110,688, 119.45
78,455,398.71

º : ºurshave been adjusted on account of rescissions.

* Revised.

* Includes $193,618,000 representing refinancing of loans previously made by the corporation to Federal
differentindividual amounts, but in the same aggregate amount.
• Exclusive of repayments unallocated, pending advices, as of Mar. 31, 1935.

land ba n ks for

*Represents refinancingofloans previously made by the corporation to Federal land banks for different
individual amounts, but in the same aggregate amount.

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

61

TABLE 7 - Am ou n t of authorizations, disbursements, repayments, and amounts
outstandingfrom Feb. 2, 1932, to Mar. 31, 1935, inclusive, by months and classes—
Continued
JOINT-STOCK L A N D B A N K S

Amoºthor Amºir

Month

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,297,000.00

2,527,845.62

62, 544.32

2,465,301.30

676,000.00
1,083,822.68
3,236,000.00
2,270,850.00
900,000.00
3, 130,000.00
124,500.00

153,352.93
2,216,010.83
425,764.41
1,539,453.87
824, 170.65
258,000.00
852,097.99
1,300,383.90
703, 170.07
1,705,290.08
1,617,964.83
824,614.58

6,942.54
3,091.95
7,149.82
32,041.07
39,710.48
44,078.94
46,454.79
62,065.08
79, 536.90
46,200. 63
142, 172.67
235,092.30

2,611,711.69
4,824,630.57
5,243,245. 16
6,750,657.96
7,535, 118. 13
7,749,039. 19
8,554,682. 39
9,793,001. 21
10,416,634.38
12,075, 723.83
13,551,515.99
14, 141,038. 27

14,806, 172.68

12,420,274.14

744,537.17

14,141,038. 27

229,765. 28

147,787. 41

752,526.68
478,487.62
2,038,593.69
523,437.61
428,024.35
1,028,494.44
670,321.06
,327.58
325,397.41
257, 571.91
415, 243.08
1614,360. 13

13,618,276.87
13, 158,452. 27
11, 119,858, 58
10,596,420.97
10, 168,396.62
9,139,902. 18
8,469, 581. 12
7,636,253.54
7,508,075.41
7,250, 503.50
6,953,077.96
6,486,505. 24

711, 252.53

8,365,785.56

6,486,505.24

1,107,856.17
414,350.00
*886,325.93

5,378,649.07
4,964,299.07
4,077,973. 14

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

* *

-

January----------------------Februaryarch------------------------Total, first quarter-----Grand total.-------------

-

-

-

standing at
end of period

$775,000.00 ------------------|------------------|-----------------$724,877. 11 ||-----------------724,877. 11
190,000.00
5,000.00
$21,031.06
708,846.05
305,000.00
134,339.47
989.50
840, 196.02
150,000.00
286,592. 54
518.90
1,126,269.66
000.00
128,382.45
5,843.00
1,248,809. 11
576,000.00
16,617. 55
1,578.42
,263,848, 24
595,000.00
168, 102.43
11,416.90
1,420, 533.77
2, 126,000.00
447,215.54
11,385,04
1,856,364. 27
1,525,000.00
616,718.53
7,781.50
2,465,301.30

-

-

A mou nt out

Am oun t repaid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

* * *

52,400.00 ------------------

-

52,400.00 -----------------21,155,572.68

15,659,372.29

*2,408,532.10

4,077,973. 14

* 11,581,399.15

4,077,973. 14

*These figures have been adjusted on account of rescissions.
* Revised.
* Exclusive of repayments unallocated, pending advices, as of M a r .31, 1935.

62

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 7–Amount of authorizations, disbursements, repayments, and amounts

§ontinued
. from Feb. 2, 1932, to Mar. 31, 1935, inclusive, by months and classes—
F E D E R A L IN TE RME DI ATE CREDIT BAN KS

Amoºthor

Mon th

Amount out

Anºis.

Amountrepaid standingatend
of period

$9,250,000.00
9,250,000.00
9,250,000.00

$9,250,000.00
9,250,000.00
9,250,000.00

A G R I C U L T U R A L C RE D IT CORPORATION's

$1,000.00 -----------------20,200.00
18,650.00
$600.00
246,515.87
2, 186.90
400,621.07
2,647.41
534, 151.82
7,613.68
539,074.94
74,450.98
1,206,884, 22
356,814.61
276,909.98
352,082.06
212,619.43
285,914.76

$1,000.00
21, 200.00
39,250.00
283,578.97
681,552.63
1,208,090.77
1,672,714.73
2,522,784.34
2,447.612.25
2,374,316.93

3,619,850.98

3,456,627.33

1,082,310.40

2,374,316.93

101,252.10
240,000.00
442,904.36
20,825.00
163,077.91
201,022.01
197,866.93
195,922.58
166,418. 12
41,805. 22
111,809.20

155,952.10
2,647.85
244,722.72
131,280. 12
193,526.26
139,539.54
,255.80
153,124.13
175,878.58
185,181.62
8,194.00
59,708. 52

207,830.11
167, 148.22
175,351.39
226,251.38
201,001.
142,751.44
254,111.58
155,384.25
113,609.94
177,306.41
303,275. 79

2,322,438.92
2,157,938. 55
2,227,309.88
2,132,338.62
2,124,853.53
2, 121,651.63
2,146,795.85.
2,144,535.73
2,206,804.37
2,103,980.39
1,934,867.98
1,691,300.71

1,959,634.31

1,729,011. 24

2,412,027.46

1,691,300.71

83,894.35

25,491.70

242,761.43
260,313. 12
79,566.22
281,713.85
102,087.82

10,622.80
186,326.54
3,000.
11,356.72

1,474,030.98
1,213,717.86
1,134,151.64
902,437.79
800,349.97
800,349.97
800,231. 74
799,678.89
789,056.09
602.729.55
599,729.55
863,372.83

1,178,419.58

863,372.83

-

Total--------------------

76,730.88

Total--------------------

-

-

-

.60

1934

January-----------------------

- - - - - - - - - - - - - - - - - -

118.23
552.85

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

133.50

Total, first quarter-----Grand total.-------------

26,760.67 -----------------6,040, 140.31

5,536, 130.27

863,372.83
863. 239.33

*2,500.00

860,739.33

* 2,633.50

860,739.33

4 4,675,390.94

860,739.33

1These figures have been adjusted on account of rescissions.
* Exclusive ofrepayments unallocated, pending advices, as of Mar. 31, 1935.

REPORT

OF

RECONSTRUCTION

FINANCE

63

CORPORATION

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Mar. 31, 1935, inclusive, by months and classes—
Continued
R E G I O N A L A G R I C U L T U R A L C RE DI T C OR P OR A TI O NS (REDISCOUNTS)

Mo nt h

Am cun t author

Am oun t dis

ized 1

bursed

Am oun t out

Am ou nt repaid

standing at end
of period

1932

December---------------------

$7,285,972.50

$5,372,062.60

$655.03

$5,371,407.57

Total--------------------------

7,285,972.50

5,372,062.60

655.03

5,371,407. 57

15,360, 112.84

104,646.84
1,798,634.47
• 1,330,314.09
2,009, 169.89
2,652,548.71
4,473,930.65
12,898,417.70
28, 148,010.72
26,330,278.71
15,897,239.21
7,610,410.44

20,536,670.38
37,004,668.79
55,380,378.44
72,585,915.67
93,196,251.77
106,536,246.83
115,925,085.59
91,575,927.
67,700,271.1
48,448, 162.63
34,566,244.96
29,885,148.26

1933

January-----------------------

December---------------------

3,255,678.72

15,269,909.65
18,266,632.88
19,706,023.74
19,214,707. 12
,262,884.81
17,813,925.71
22,287,256.46
3,798,852.57
2,454,622.40
2,762,700. 50
2,015,321.54
2,929,313.74

Total--------------------

153,386,252.64

149,782, 151.12

125,268,410.43

29,885,148.26

5,739,993.04
5,708,256.95
2,706,353.39
1,164,925.89
227,324.30
943,267.89
733,276.66
350, 570.69
243,266.14
341,888.41

5,075,284.50
6,213,407. 61
3,151,195.84
949,023.95
148,713.81
282,680.28
770,640.71
158,259.21
762,747.35

6,577,453.24
5,451,438.28
10,215, 590. 51
8,734, 142.18
5,559,706.67
2,536,248.77
1,235,772.65
1,677, 537.10
1,662,209.86
1,

28,382,979, 52
29, 144,948.85
22,080,554.18
14,295,435.95
8,884,443.09
6,630,874.60
6,165,742.66
4,646,464.77
3,747,002.26
2,619,929.50

-

22,014,809.00

-

103.

3

- - -

18, 168,227.34

18,089,427.00

47,974, 575.26 ------------------

178,840,452.48

173,243,640.72

173,243,640.72 ------------------

iThese figures have been adjusted on account of rescissions.

64

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 7.-Amount o

authorizations, disbursements, repayments, and amounts
outstandingfrom Feb. 2, 1932, to Mar. 31, 1935, inclusive, by months and classes—
Continued
LIVESTOCK CREDIT CORPORATIONS

Amoºthor
|| Amºnºlis
ized 1
bur

M o n th

Amountrepaid

* ofperiod
a

1932

$496,990.00
2,548,195.00
1,260,825.00
2,288,576.00
1,415, 216.29
2,753,454.57
1,202,725.44
478,305.00.
506,565.55
194,750.00
Total--------------------

13,145,602.85

$470,990.00 -----------------1,659,550.00
$4,508.69
1,214,017.01
20,249.41
2,549,078.00
136,771.65
1,315,563. 16
255,983.27
1,944,974.76
408,041.41
1,534,779.79
504,242. 20
521,319.62
605,885.43
452,663.65
552,119.55
147,467.62
1,574,457.21
11,810,403.61

$470,990.00
2,126,031.31
3,319,798.91
5,732,105.26
6,791,685.15
8,328,618.50
9,359,156.09
9,274, 590.28
9,175,134.38
7,748, 144.79

4,062,258.82

7,748, 144.79

1,453,586.08
919,864. 29
397, 576. 56
359,976.98
343,254.35
366,727.39
315, 517. 13
651,462. 14
243,334.89
284, 155.23
292,442. 13
453,647. 07

6,363,958.71
5,492,821.59
5,095,245.03
4,846,268.05
4,603,013.70
4,352,286.31
4,036, 769. 18
3,385,307.04
3,141,972. 15
3, 171,019. 19
2,878,577.06
2,424,929.99

6,081, 544.24

2,424,929.99

213,496. 61
140,787, 36
357,209.87
97,929. 59
43,547.64
32,917. 94
89, 570.05
5,020.24
11,176.85
83,879. 64
135, 171.46
*130, 102. 12

2,211,433.38
2,070,646.02
1,813,436.15
1,715, 506. 56
1,671, 958.92
1,707,481.59
1,617,911.54
1,612,891.30
1,601,714.45
1,543,393.96
1,463,222.50
1,333, 120.38

1,340,809.37

1,333,120.38

21,406.46
,035. 24
*13,743, 21

1,311,713.92
1,269, 678.68
1,255,935.47

1933

January----------------------130,700.00
69,400.00
February---------------------7,000.
48,727.17
March-------------------------|------------------|-----------------April-------------------------260, 100.00
111,000.00
May-------------------------100,000.00
100,000.00
116,000.00
-

-

-

-

-

-

Total--------------------

* w w w .

210,559.15

248,999.76

Total, first quarter-----------------------------------------Grand total.-------------

14,474,962.00

12,S17,732.81

477, 184.91

1,255,935.47

*11,561,797.34

1,255,935, 47

1These figures have been adjusted on account of rescissions.
* Revised.
*Exclusive of repayments unallocated, pending advices, as of Mar. 31, 1935.

R E PO R T. O F R E C O N S T R U C T I O N

FINANCE

CORPORATION

65

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts

outstandingfrom Feb. 2,1932, to Mar. 31, 1935, inclusive,by months and classes—
Continued
R AI L RO A DS (INCLUDING REC EIVERS A N D TRUSTEES)

Amoºthor

Mo nth

$31,322,257.00
24,791,500.00
$1,147,952.00
18,816,333.00 |-----------------15,898,637.00
2,815,727.74
54,824,813. 50
2,203,000.00
27,545,736.00
2,990,000.00
41,963, 445.50
224,884.31
12,888,851.00
260,000.00
24,931,816.00
1,910,500.
8,682,808.00
162,498.66
22,645,074.48
125,000.00

$31,322,257.00
54,965,805.00
73,782,138.00
86,865, 047.26
139,486,860.76
164,032, 596.76
205,781, 157.95
218,410,008.95
241,431,324.95
249,951,634.29
272,471,708.77

337,435,093.00

284,311,271.48

272, 471,708.77

- - - - - - - - - - - - - - - - - -

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

457,856,080.00

145,088,570.37

337,166, 125.41

3,697,480.00
4,495,623.00
103, 160.00
115,580.00
104,880.00
9,034,862.55
1,
00
906,800.00
221,386.59
9,904,490.48
8,386,980.00
15,095, 271.00

19,562.52
129,749.17
100,000.00
*349,156.56
1244,489.18
347, 525.41
*18,109.67
*12,166,827.85
108,037.50
27,971. 40
*48,559.81
*31,282.25

340,854,042.89
345,319,916. 72
345,323,076.72
345,089,500. 16
344,949,890.98
353,637,228. 12
354,741,618.45
343,481, 590.60
343,594,939.69
353,491,458.77
361,829,878.96
376,893,867.71

13,461,271. 32

376,893,867.71

89,381.13
13,730.67
*103,000.00

379,464,486.58
379,701,755.91
380, 198,755.91

3,511,000.00

*206, 111.80

380,198,755.91

450,794,272, 11

*70,595, 516.20

380, 198,755.91

1These figures have been adjusted on account of rescissions.
* Revised.
* Exclusive ofrepayments unallocated, pending advices, as of M a r .31, 1935.

H. Doc. 215. 7 4 – 1 — 5

280,041,256.41
296,229,012. 39
310,919,714.29
323, 194,850.60
340,854,772.40
354,059, 351.20
331,333,806.73
331, 159,728.48
331,813,028.48
330,243,015. 52
333,485,966.23
337,166,125.41

109,782,987.01

2,660,000.00
251,000.00
600,000.00

Grand total.-------------

11,839,562.71

7,583,551.64
14,004.00
24,510, 173.80
8,322,417.82
14,792,891.30
102,189.40
12, 275, 136.31 -----------------17,925,716.98
265,795.18
18,329,660.00
5,125,081. 20
1,302,600.00
*24,028, 144.47
281,800.00
2455,878.25
1,013,300.00
000.00
4,629,207. 30
*6, 199,220.26
3,319, 658.32
76,707. 61
3,819,291.36
139,132.18

;

Total, first quarter------

A mou nt repaid | Standing at end
ofperiod

$46,975,757.00
13,812,000.00
37,931,457.00
60,923, 538.00
239,972.00
16,392,085.00
12,798, 583.00
21,293,541.00
25,926,269.00
38,226,000.00
8,915,891.00

3,000,000.00
19,449,922.00
5,297,828.00
11,906, 583.00
23,200,000.00
6,950,000.00

-

Amount out

-

Amºs.

66

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

% authorizations, disbursements, repayments, and amounts
gº...!
from Feb. 2, 1932, to Mar. 31, 1935, inclusive, by months and classes—
Continue

TABLE 7.-Amount
-

PRO CESSO RS O R DISTRIBUTORS W H O A R E SUBJECT T O PROCESSING T A X E S

A m o u n t aut hor
ized
1ze

Month

A m o u n t di s
bursed

Amount out

Am oun t repaid

standing at end
ofperiod

§732.35
8,722.38
8,722.38
9,290.06
2,473.37
2,473.37
2,473.37
1,973.37
1,467.68
1,467.68
January----------------------FebruaryMarch-------------------------

900.00
-

(4)

Total, first quarter------|-----------------------------------Grand total.------------STATE

FUNDS

26,089. 27

14,718.06

* 900.00

567.68

* 14, 150.38

567.68

C R E A T E D F O R T H E P URP OS E OF INSURING
DEPOSITS OF PUBLIC M O N E Y S

October-----------------------

Total--------------------

567,68
7.68
567.68

RE P A Y M E N T

OF

$5,887,715.88 ------------------|------------------|-----------------$5,887,715.88
5,812,965. 74
5,887,715.88

5,887,715.88

74,750.14

5,812,965. 74

324,650.95
433, 516.88
892, 527.88
1,518,737. 55
869,746.64
801,057.53
835,951. 34
534,440.83
369,154.88
500, 145.03
*330,473.67

5,488, 314.79
5,054, 797.91
4, 162,270.03
2,643, 532.48
1,773,785.84
3,472,728.31
2,636,776.97
2,102,336. 14
1,733, 181.26
1,233,036.23
809,050.62
478,576, 95

7,834, 388. 79

478,576.95

1934

January----------------------February--------------arch---------------April--------------May--------------June-------------July-----------August------September--October-----November---December--------------------Total--------------------

423,985. 61

2,500,000.00

2,500,000.00

1935

Manuary-----------------------------------------------------------

478,576.95

Total, first quarter-----Grand total.-------------

478, 576.95

8,387,715.88

8,387,715.88

8,387,715.88

*These figures have been adjusted on account ofrescissions.

* Revised.

*Exclusiveofrepayments unallocated, pending advices, asofMar. 31, 1935.

REPORT OF
TABL E 7 . - A m o u n t o

RECONSTRUCTION

FINANCE

CORPORATION

67

authorizations, disbursements, repayments, and amounts

outstanding from Feb. 8, 1982, to Mar. 31, 1935, inclusive, by months and classes—
Continued
B O R R O W E R S E N G A G E D IN T H E FI S H IN G I N D U S T R Y

M on th

Amoºthor

* * *

Amount out

A mou nt repaid

standing at end
of period

$42,500.00 ------------------------------------|-----------------,000.00
$25,000.00 -----------------$25,000.00
57,000.00 -----------------------------------25,000.00
110,500.00

25,000.00 ------------------

25,000.00

7,500.00
17,500.00 -----------------11,000.00
10,000.00 -----------------14,000.00 -----------------(4)

42,500.00
52,500.00
52,500.00

Total, first quarter------

32,500.00

27,500.00

(4)

52,500.00

G r a n d total.-------------

152,000.00

52,500.00

(4)

52,500.00

T O T A L , SEC. 5c O F T H E R E C O N S T R U C T I O N F I N A N C E C O R P O R A T I O N A C T , A S
A M E N D E D ( S U B SC R I P T I ON F O R N O N - A S S E S S A B L E S T O C K O F A M O R T G A G E L O A N
COMPANY)

Total, first quarter-----Grand total-------------T O T A L , SEC. 5d O F T H

00

-

1,642,338.27 1,402,466.91
937,736,.48
2,486,398.45

$86,128.10
3,968.80
226,581.89

1,916, 178.27
3,232,517.08
4,166,284.76
6,626, 101.32

6,742,780. 11

* 116,678.79

6,626, 101.32

1,907,767.64
2,217,094.26
2,149,499.91

21, 117.59
82,601.59
*56, 551.65

8,512,751.37
10,647,244.04
12,740, 192.30

-

Total, first quarter------

16,625,421.93

6,274,361.81

*160,270.83

12,740, 192.30

Grand total.-------------

45,770,456.93

13,017, 141.92

*276,949.62

12,740, 192.30

1These figures have been adjusted on account of rescissions.
*Revised.
* Exclusive of repayments unallocated, pending advices, as of Mar. 31, 1935.

68

REPORT of RECONSTRUCTION FINANCE coRPoRATION

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Mar. 31, 1935, inclusive, by months and classes—
Continued
L O A N S T O I N D U S T R I A L O R C O M M E R C I A L B U SI N E SS
Amount out

-

A m o u n t authorized 1

Mo nth

-

A m o u n t dis-

bursed

Amou nt repaid

$924,500.00
13, 138,900.00
*4,280,850.00
3,610,000.00
14,681,700.00
*5,434, 150.00
*3,949, 750.00

standing
at end
ofperiod
-

.80
.89

*26,019,850.00

6,315,280.11

*116,678.79

6, 198.601,32

4,088, 100.00
4,295,600.00
5,266,471.93

1,571,634.31
2,063,844, 26
1,666,500.38

21, 117.59
82,521.59
*49,721.65

7,749, 118.04
9,730,440.71
11,347.219.44

Total, first quarter------

13,650, 171.93

5,301,978.95

* 153,360.83

11,347,219.44

Grand total.-------------

39,670,021.93

11,617,259.06

*270,039.62

11,347,219.44

PURCHASES

OF

PARTICIPATIONS

IN

LOANS

TO

INDUSTRIAL

OR

COMMERCIAL

BUSINESS

$15,000.00
*35,300.00
*642, 150.00
*521,000.00
1788,010.00
12,001, 460.00
902,500.00
118,000.00
695,300.00
Total, first quarter-Grand total.-----

-

336, 133.33 ||-----------------153,250.00
$80.
482,999.53
*6,830.00

763,633.33
916,803.33
1,392,972.85

1,715,800.00

972,382.86

*6,910.00

1,392,972.85

3,717,260.00

1,399,882.86

*6,910.00

1,392,972.86

A G R E E M E N T S T O P U R C H A S E P A R T I C I P A T I O N S IN L O A N S T O I N D U S T R I A L O R
C O M M E R C I A L B U S I N E SS

January----------------------February
March-------------------------

581,950.00
432,500.00
245,000.00

Total, first quarter------

1,259,450.00

Grand total.------------1 These figures have been adjusted on account of rescissions.
* Revised.

• Exclusive of repayments unallocated, pending advices, as of Mar. 31,1935.

REPORT

OF

TABLE 7.-Amount o

RECONSTRUCTION

FINANCE

69

CORPORATION

authorizations, disbursements, repayments, and amounts

g
º . " from Feb. 2, 1982, to Mar. 31, 1985, inclusive, by months and classes—
Continue

‘. O T A L , S E C T I O N 5e O F T H E R E C O N S T R U C T I O N F I N A N C E C O R P O R A T I O N A C T , A S
A M E N D E D (LOANS O N T H E ASSETS OF CL O S E D B A N K S A N D T R U S T COMPANIES)

Amoºthor
-

Month

Anºis.

Amount out

-

Amount repaid

standing atend
of period

1934

October-----------------------

$81,315.61

$22,500.00 -----------------a$139.25
(i)

$22,500.00
22,360.75
22,360.75

131, 116.87

22,500.00

* 139.25

22,360.75

$79, 988. 24
102,059.90
193,054.63

$13,211. 53
82,387.25

$1,365.58
5,251.22
* 10,575. 13

$34,206.70
77,910. 60
149,722.72

Total, first quarter------

375, 102.77

144, 553.90

* 17, 191.93

149,722.72

Grand total.-------------

506,219.64

167,053.90

* 17,331. 18

149,722.72

48,955. 12

Total, Emergency Relief and Construction Act of 1932, as amended

$3,000,000.00 ------------------|------------------|-----------------63,931,669.00
$3,947,884.00 $3,947,884.00
73, 128,502. 22
10,211,699.75 --14,159, 583.75
103,002,382.63
17,270,389, 52
$2,034. 55
31,427,938. 72
22,939, 183.60
21,653, 141.09
3,541.00
53,077, 538.81
47,042, 590.68
44,060,901.82
109,881. 40
97,028, 559.23
-

-

-

313,044, 328. 13

97, 144,016. 18

115,456.95

97,028,559.23

$58,662,318.20
73,435,643.2
47,470,404.35
54,200,970.68
14,099,023. 64
25,858,081.56
53, 113,497. 22
219,295.58
2,022,500.00
251,231, 180.24
153,500,500.00
443,674.80

$42,811,872. 34
39,810,807. 21
43,943,082.50
47, 159,003. 89
55,029,013. 59
6,497,833.23
11,258,722.89
6,012,631.30
7,109,122.61
8,461,727.36
36,876, 451.63
40,059,762. 69

$144, 281. 14
60,759.60
126,566.04
110,270.37
541,557.37
347,853.91
171,499.97
734,781. 32
617,821.80
147,991. 14
1,076,730.02
540,541.82

$139,696, 150, 43
179,446, 198.04
223,262,714.50
270,311,448.02
324,798,904.24
,948,883. 56
342,036, 106.48
347,313,956.46
353,805, 257.27
362, 118,993.49
397,918, 715. 10
437, 437,935.97

734,257,089.47

345,030,031.24

4,620, 654.50

437,437,935.97

December---------------------

49,015,000.00
3,095, 124.63
887,000.00
375,000.00
860,000.00
250,484.94
9,840,000.00
15,306, 183.59
250,548,072. 15
100,007, 703.7
154,000.00
33,565,500.00

77,648,863. 36
32,244, 421.65
28,968,655.33
11,593,558.33
13,420, 158.46
49,966, 539. 24
32,702,254.72
12,281,508,03
6,756,654. 70
11,112,286. 60
15,358, 251.48
16,669, 136.80

1,055,949.66
8,029,888.88
10,982, 189.66
6,677, 572.05
2,935,768.96
10, 113,780.51
*72,953, 530. 13
*51,050, 193.58
*35, 186,411. 10
*41,237,652.79
*23,677,019.65
*9,223,059. 44

514,030,849.67
538,245, 382.44
556,231,848. 11
561, 147,834.39
571,632,223.89
611,484,982.62
571,233,707. 21
532,465,021.66
504,035, 265. 26
473, 909,899.07
465,591, 130.90
473,037, 208.26

Total--------------------

463,904,069. 10

308,722, 288.70

273, 123,016.41

473,037,208.26

11,320,844.02
8,868, 557. 15
12,473,204.86

5,973,317.77
6,189,377.48
*3,307,039. 19

478,384,734.51
481,063,914, 18
490, 230,079.85

32,662,606.03

* 15,469,734.44

490,230,079.85

783, 558,942. 15 | *293,328,862.30

490,230,079.85

January-----------------------

1934

January----------------------FebruaryMarch---April--May--June--

July---August----September
OctoberNovember-

1935
January-----------------------|-----------------February150,000.00
March-1,751,013. 91
Total,firstquarter-------

1,901,013.91

Grand total.------------- 1,513, 106,500.61

1 These figures have been adjusted on account of rescissions.
* Revised.

* Exclusive of repayments unallocated, pending advices, as of M a r .31, 1935.

70

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 7 -A m ou n t of authorizations, disbursements, repayments, and amounts
outstandingfrom Feb. 2, 1932, to Mar. 31, 1935, inclusive, by months and classes—
Continued
S E L F - L I Q U I D A T I N G P R O J E C T S - S E C T I O N 201 (a), T I T L E II ( I N C L U D I N G L O A N S F O R

ÍNG REPAIR of R E C O N S T R U C T I O N of BUILDINGS D A M A G E D B Y EAR TH.

FiNA N

Q U A K E , FIRE, T O R N A D O , O R C Y C L O N E IN 1933)
Amount author
ized 1

Month

September

Amo unt dis
bursed

A mou nt out

Amou nt repaid

standing at end
of period

$53,105,000.00 ------------------|------------------|-----------------79,932,880.00 ------------------|-----------------------------------4,324,744.00
$360,000.00
8,412,910.24
15,737,000.00

October

November
December
Total.--------------------

145,775,534.24

15,737,000.00

8,945, 100.00
4,810,372.20
,759, 425.35
,001
.47

1933

January----------------------February--

$20,000.00
22,100.00
15,675.00
22,900.00
5,150.00
50,325.00
11,525.00
4,500.00

18,337,000.00
18,664,000.00
20,684,000.00
25,126,000.00
27,231,462.06
30, 134,181.41
37,972,476.92
41,801,225. 10
48,536,377.18
56,038, 189.31
60,019,607.47
63,451,234.65

ecember---------------------

*1,123.80

2,125,462.
2,924,819.35
7,853,970.51
3,851,648. 18
6,740,302.08
7,552,137. 13
3,992,943. 16
3,436,127. 18

Total--------------------

84,988,207.26

47,866,409.65

152, 175.00

63,451,234.65

10,010,000.00

8,408,771.54
2,065, 486.53
10,001,716.92
2,525,044.88
6,399,212.56
4,603,597.88
3,611,629.67
11,333,497.05
4,038,254.76
2,042,800. 11
7,202,013.34
5,719, 757.84

363,436.46
2,344,825.00
1,023,767.50
54,023.74
620,654.02
44, 537.55
582,251.30
208,083.43
135,237.50
1,041,902.89
2,373,972.09
*74,350.00

71,496,569.73
71,217,231.25
80, 195,180.68
82,666,201.82
S8,444,750.36
93,003,820.69
96,033, 198.97
107,158,612.59
111,061,629.85
112,062,527.07
116,890,568.32
122,535,976. 16

25,333,313.36

67,951,783.08

8,867,041.57

122,535,976. 16

2,758,266.11
3,727,728.86
5,086,324.64

90,880. 16
1,327, 180.46
47,

125,203,362. 11
127,603,910.51
132,682,975.15

11,572,319.61

* 1,425,320.62

132,682,975.15

143,127, 512.34

* 10,444,537. 19

132,682,975.15

784
683
-

.64
.56

-

- - - - - - - - - - - - - - - - - -

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

- - - - - - - - - - - - - - - - - -

-

Total--------------------

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total, first quarter------|-----------------Grand total.-------------

256,097, 054.86

ºurshave been adjusted on account of rescissions.

1 T he s e
* Revised.

*Exclusive ofrepayments unallocated, pending advices, as ofMar. 31, 1935.
* Represents increases due to accounting adjustments in loans previously authorized.

REPORT

TABLE 7-Amount

OF

RECONSTRUCTION

o

FINANCE

CORPORATION

71

authorizations, disbursements, repayments, and amounts

outstandingfrom Feb. 8,1932, to Mar. 31, 1935, inclusive, by months and classes—
Continued
FINANCING

O F E X P O R T S O F A G R I C U L T U R A L S U R P L U S E S - S E C . 201 (c), T I T L E II

Mon th

Anºther.

* * *

Amount out

Amount repaid

$1,497, 503.38 l-----------------1,903,990.01 ||-----------------341,170.88
$55,857.49
257,538.30
38,064. 59
609,080.03
17,636.57
2,533,445.78
135,975.72
247,534.37

6,895, 194.01

85,324.07
56,803.84
78,000.67
68,904.96
53,770.84
58,932.98
2,978,223.37
342,496.98
101,811.34
509,234.02
356,640.80
85,756.30

9,043,857.42
10,052,542.
11,051,381.11
12,314,686.97
12,750,065. 28
13,946,707.68
15,185,128.15
14,875,310.50
14,953,570.45
15,215,905,88
14,992,026. 56
15,175,799.43

4,775,909.17

15,175,799.43

December---------------------

136,649.62

Total.-------------------

490,412.42

13,056,514.59

353,762.80
- - - - - - - - - - - - - - - -

January-----------------------|------------------|------------------|-----------------February6,974.45
19,103.32
March------------------------9,225.36
*219,539.62
Total, first quarter------|-----------------Grand total.-------------

53,370,955.22

$1,497, 503.38
3,401,493.39
3,686,806.78
3.906,280.49
4,497,723.95
6,895,194.01

7,142,728.38
2,233,987. 48
1,065,488.51
1,076,848, 69
1,332,210.82
489, 149. 15
1,255,575.38
4,216,643.84
32,688.33
180,062.29
771, 569.45
132,761.48
269,529.17

Octobe r.--No v e m be r - -

standing at end
of period

15,175,799.43
15,163,670.56
14,953,356.30

16,199.81

*238,642.94

14,953,356.30

20,215,442.78

*5,262,086. 48

14,953,356.30

1 These figures have been adjusted on account of rescissions.
* Exclusive of repayments unallocated, pending advices, as of Mar. 31, 1935.

72

REPORT OF

RECONSTRUCTION

F IN AN CE CORPORATION

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
from Feb.2, 1982, to Mar. 31, 1985, inclusive, by months and classes—

gontinue
º.;

coºps

FINANCING OF AG RICU LTURA L

Anºther
-

Month

-

A N D LI VE ST OC K-S EC TI ON 201 (d),

Amºs

-

December--------------------Total

129,616.
2,671,563.44

158,117.00

3,541.00
109,881.40

1,276,281.54
1,324,517. 14

54,775,920.67

1,439.974.09

115,456.95

1,324,517. 14

281,802.20
438,000.00
60,000.00
225,329.43
55,000.00
174,280.00
262,250.00
190,000.00
2,022,500.00
251,229,000.00
153,500, 500.00
442,551.00

32,302.20
75,295.96
104,024.04
1,349,879.30
465,354.37
212,668.80
608,800.95
110,290.93
27,649.65
652,051.93
32,274,428.44
34,090, 189.73

144,281.14
60,759.60
126,566.04
110,270,37
186,657.37
194,508.91
155,824.97
385,441.32
379,314.31
59,601. 55
1,047,568.45
400,066. 10

1,212,538.20
1,227,074.56
1,204,532.56
2,444, 141.49
2,722,838.49
2,740,998.38
3,193,974.36
2,918,823.97
2,567,159.31
3,159,609.69
34,386,469.68
68,076,593.31

408,881,212.63

70,002,936.30

3,250,860, 13

68,076,593.31

49,015,000.00
3,095,000.00
887,000.00
375,000.00
860,0000.0
250,000.00
9,840,000.00
306, 183.59
250,233,072. 15
99,646,237.20
154,000.00
23,418,850.38

67,006, 104.34
29,113,446.61
17,890,089.72
7,736,302.63
6,531,796.75
44,107,365.98
24,873,981.21
915,322.65
2,538,337.65
8,297,917.04
8,023,476.66
10,679,849.79

607, 189.13
5,616,310.04
9,869,292.49
6,461,093.35
1,924,494.10
9,991,322.46
169,388,054.89
*50,486,613.17
*34,434, 312.26
*39,682,.699.88
*20,714,406.76
*9,062,953. 14

134,475,508.52
157,
645.09
165,993, 442.32
167,268,651.60
171,875,954.25
205,991,997.7
161,477,924.09
111,906,633.57
80,010,658.96
48,625,876. 12
35,934,946.02
37,551,842.67

438,080,343.32

227,713,991.03

258,238,741.67

37,551,842.67

8,562,577.91
5,133,853.84
7,377,654.86

5,826,905.61
4,843,093.70
*3,072,739. 57

40,287,514.97
40,578,275. 11
44,883, 190.40

21,074,086.61

* 13,742, 738.88

44,883, 190.40

*903,638,490. 53 | *320, 230,988.03 |**275,347,797.63

44,883,190.40

January-----------------------|-----------------February
150,000.00
March------------------------1,751,013.91
-

Total, first quarter-----Grand total.--------------

ºurs

-

Am oun t out
standing at end
of period

†-------$440,545.57

-

N o ve m be r -

Amount repaid

1,901,013.91

have been adjusted on account of rescissions.

-

* Exclusive of repayments unallocated, pending advices, as of Mar. 31, 1935.
* Invludes authorizations of$824,000,000 to the commodity Credit Corporation, ofwhich $307,607,325.78
as disbursed and $268,055,745.78 was repaid.

REPORT

T A B L E 7 . - A mo u n t

outstandingfrom

OF

RECONSTRUCTION

FINANCE

CORPORATION

73

disbursements, repayments, and amounts
r’ 2authorizations,
, 1932, to Mar. 31, 1935, inclusive, by months and classes—
o

Continued
A M O U N T S M A D E A V A I L A B L E F O R R E L I E F A N D W O R K R E L I E F — S E C . 1, T I T L E I

Amoºtho.

Mon th

Amount out

Aºi.
-

Amo unt repaid

standing at end
of period

,000,000.00 ------------------------------------|-----------------13,931,669.00
$3,947,884.00
$3,947,884.00
18,523, 502.22
10,211,699.75
14,159,583.75
22, 594,762.00
16,818, 809.40
30,978,393. 15
18,484,
00
20,462,864. 12
51,441,257.27
35,958, 117.00
28, 525,784.82
79,967,042.09
Total--------------------

112,492, 873. 22

79, 967,042.09

79,967,042.09

1933

January----------------------FebruaryMarch--

49,435, 416.00
48, 187,271.00

40, 179, 570. 14
39,408,511.25
41,819,058.46
April-41,367,124.59
ay52,438, 197.16
"une--------------------------------------------3,360,345.08
July-1,298,448.05
August--146,702. 18
September---------------------------------------|-----------------Total--------------------

187,507, 126.78

220,017,956.91

326,440.00
177,500.00

120, 146,612. 23
159,555,123.48
201,374,181.94
242,741, 306. 53
294,844,603.69
298,073.703. 77
299,372, 151.82
299,192,414.00
299,014,914.00

970,085.00

299,014,914.00

January

February

March-April---

297,718,058.00
297,718,058.00
297,710,558.00
Total, first quarter
Grand total.-------------

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

300,000,000.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

299,984,999.00

*63,032.00

297,710, 558.00

*2,274,441.00

297,710, 558.00

1These figures have been adjusted on account of rescissions.
"Exclusive of repayments unallocated, pending advices, as of Mar. 31, 1935.

74

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 7.-Amount o

authorizations, disbursements, repayments, and amounts
outstandingfrom Feb. 2, 1932, to Mar. 31, 1935, inclusive, by months and classes—
Continued
T O T A L , A C T A P P R O V E D M A R . 9, 1933, A S A M E N D E D

Mon th

Total, first quarter------

A m o u n t aut hor
ized 1

A m o u n t dis
bursed

Amount out

Amo unt repaid

standing at end
ofperiod

$14,932,500.00
7,600,000.00
16,597,500.00
8,188,000.00
14,798,000.00
3,471,000.00
4,385,000.00
30,965,000.00
89,888,000.00
305,731,000.00

$12,750,000.00
7,582,500.00
5,150,000.00
17,985,500.00
8,185,000.00
7,677,500.00
3,776,000.00
2,990,000.00
155,000.00
154,094, 716.67

$12,750,000.00
20,332,500.00
25,482,500.00
43,463,315.00
51,648,315.00
59,325,815.00
63, 101,765.00
66,059,835.00
110,106,040.00
264,200,241.67

496,556,000.00

264,346,216.67

145,975.00

264,200,241.67

*255,139,350.00
75, 514, 250.00
104,793,000.00
*30,407,300.00
48,629,400.00
35,906,820.00
16,237,950.00
* 27,196,700.00
13,215,525.00
*23,922,000.00
* 10,123,000.00
* 17,732,780.00

146,474,400.00
54,717,750.00
128,039,340.00
63,697,085.00
47,992, 555.00
112,035,430.25
21,434,472.50
26, 147,230.82
25,890,041.66
15,989,885.00
12,968, 102.50
18,271,541.50

191,125.00
108,911.11
,448. 17
558,249.50
153,717.31
1,386,525.15
54,704, 338.00
4,222,879. 15
1,849,506.51
5,621,335.47
1,278,715.95
*3,719,065. 98

410,483,516.67
465,092,355.56
593,052,247.39
656, 191,082.89
704,029,920.58
814,678,825.68
781,408,960, 18
803,333,311.85
827,373,847.00
837,742,396.53
849,431,783.08
863,984, 258.60

658,818,075.00

673,657,834.23

73,873,817.30

863,984, 258.60

15,329,300.00
3,096,250.00
3,142,500.00

15,460, 560.00
27,135,725.00
9,155,660.00

5,465,754.69
5,211,054.83
*2,213,269. 14

873,979,063.91
895,903,734.08
902,846, 124.94

21,568,050.00

51,751,945.00

•12,890,078.66

902,846, 124.94

Grand total.------------- 1,176,942, 125.00

989,755,995.90

*86,909,870.96

902,846,124.94

1These figures have been adjusted on account of rescissions.
* Revised.
* Exclusive ofrepayments unallocated, pending advices, as of M a r .31, 1935.

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

75

TABLE 7- Am ou nt

o authorizations, disbursements, repayments, and amounts
outstandingfrom Feb. 2, 1932, to Mar. 31, 1935, inclusive, by months and classes—

Continued
LOANS ON PREFERRED STOCK OF BANKS A N D TRUST COMPANIES

Mon th

Amoºthor

Anºis

Amount out

Amou nt repaid I standing at end
of period

829,600.00

515.00

$250,000.00
250,000.00
1,250,000.00
8,180,315.00
8,220,315.00
8,772,815.00
8,948,765.00
9,491,835.00
9,470,340.00
10,299,425.00

13, 199,500.00

10,358,100.00

58,675.00

10,299,425.00

1,781,350.00
4,921,750.00
2,665,500.00
531,500.00
993,400.00
1,123,500.00
434,450.00
*279,200.00
407,525.00
527,000.00
91,000. 90
265,530.00

310,000.00
322,500.00
1,474,000.00
776,900.00
2,519,300.00
2,531,955.00
819,850.00
253,000.00
314,500.00
421, 100.00
150,000.00
405,500.00

166, 125.00
8,911. 11
59,448.17
268,249.50
143,717.31
225,525.15
212,588.00
24,029. 15
30,996. 51
54,444.04
56,215.95
*228,263.48

10,443,300.00
10,756,888.89
12, 171,440.72
12,680,091.22
15,055,673.91
17,362, 103.76
17,969,365.76
18, 198,336.61
18,481,840. 10
18,848,496.06
18,942,280.11
19,119,516.63

14,021,705.00

10,298,605.00

1,478,513.37

19,119,516.63

331,300.00
156,750.00
73,500.00

511,130.00
328,025.00
657,400.00

153,068.62
144,234.83
*14,319. 14

19,477,578.01
19,661,368.18
20,304,449.04

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

1,

21,495.00

Total, first quarter------

561,550.00

1,496,555.00

*311,622.59

20,304,449.04

Grand total.-------------

27,782,755.00

22,153,260.00

1,848,810.96

420,304,449.04

1These figures have been adjusted on account ofrescissions.
* Rev ised

•Exclusive ofrepayments unallocated, pending advices, as of Mar. 31, 1935.

76

REPORT

OF

T A B LE 7 . - A m o u n t o

RECONSTRUCTION

FINANCE

CORPORATION

authorizations, disbursements, repayments, and amounts

outstandingfrom Feb. 2, 1938, to Mar. 31, 1935, inclusive, by months and classes—
Continued
SUBSCRIPTIONS F OR P R E F E R R E D S T O C K O F B A N K S A N D T R U S T C O M P A N I E S

Mon th

A m o u n t authorized I
-

A m o u n t dis

bursed

Am oun t out

Amo unt repaid

$13,682,500.00
7,400,000.00
13,012,500.00
4,838,000.00
12,682,500.00
2,845,000.00
3,735,000.00
5,925,000.00
17,753,000.00
177,652,100.00

$12,500,000.00 -----------------7,582,500.00
4,150,000.00
10,850,500.00
8,145,000.00
6,625,000.00
3,600,000.00
2,415,000.00
4,115,000.00
77,015, 116.67

259, 525,600.00

136,998, 116.67

a 142,932,100.00
51,865,500.00
78,792, 500.00
125,680,800.00
41,870,500.00
27,998,820.00
12,983, 500.00
1 11,068, 500.00
11,043,000.00
20,545,000.00
29, 207,000.00
* 16,285,250.00

standing
at end
of period

$12,500,000.00
20,082, 500.00
24,232, 500.00
35,083,000.00
43,228,000.00
49,853,000.00
53,453,000.00
55,868,000.00
59,895,700.00
136,910,816.67

87,300.00

136,910,816.67

94,669,500.00
25,000.00
29,933,000.00
50,000.00
97,479,690.00 ------------------

231,555,316.67
261,438,316.67
,918,006.67
* *** *

-

-

-

.00

175.24

13, 145,541.66
14,465,785.00
9,210,602.50
15,823,541.50

687,010.00
1,358,930.00
502,500.00
*1,983,302.50

,227,706.90
562,334, 561.90
571,042,664. 40
584,882,903. 40

450,272, 470.00

455,002,429.23

7,030,342. 50

584,882,903. 40

13,165,500.00
786,000.00
1,637,000.00

13,944,430.00
24,207,700.00
7,823,260.00

835,447.50
1,235,320.00
*911,450.00

597,991,885.90
620,964,265. 90
627,876,075.90

-

Total, firstquarter-------

17,588,500.00

45,975,390.00

*2,982,217. 50

627,876.075.90

Grand total.-------------

727,386,570.00

637,975,935.90

*10,090,860.00

627,876,075.90

177'hese figures have been adjusted on account of rescissions.
*Revised.
* Exclusive of repayments unallocated, pending advices, as of Mar. 31, 1935.

REPORT

OF

RECONSTRUCTION

FINANCE

77

CORPORATION

T A B L E 7 .- A m ou n t o

authorizations, disbursements, repayments, and amounts
outstandingfrom Feb. 2, 1982, to Mar. 31, 1985, inclusive, by months and classes—
Continued

P U R C HA S E S OF CAPITAL N O T E S O R

M ont h

Pº tur es

A m o u n t a uth or
ized 1

OF

A m o u n t dis
bursed

BANKS A N D

TRUST

COM

Amou nt out

Amount repaid

standing at end
of period

200,000.00
200,000.00
700,000.00
700,000.00
700,000.00
740,000.00
990,000.00
990,000.00
51,494,900.00 ||-----------------24,462,250.00
$50,000.00
29,085,650.00
20,000.00
23,716,500.00
40,000.00
25,871,500.00
10,000.00
24,871,000.00
1,161,000.00
2,547,000.00
54,097,500.00
7,125,000.00
2,419,500.00
12,430,000.00
1,131,500.00
1,103,000.00
4,207,961.43
3,607,500.00
720,000.00
2,042,500.00
*1,507,500.00

168,484,000.00
192,897, 150.00
221,962,800.00
245,639,300.00
271,500, 800.00
295,210,800.00
243,660,300.00
248,365,800.00
259,664,300.00
256,559,338.57
259,446,838.57
259,981, 838.57

194,523,900.00

208,356,800.00

165,364,961.43

259,981,838.57

1,832,500.00
153,500.00
1,432,000.00

1,005,000.00
2,600,000.00
675,000.00

4,477,238.57
3,831,500.00
*1,287,500.00

256,509,600.00
255,278, 100.00
254,665,600.00

Total, first quarter------

3,418,000.00

4,280,000.00

49,596,238.57

254,665,600.00

Grand total.-------------

421,772,800.00

329,626,800.00

474,961,200.00

254,665,600.00

T O T A L , SEC. 5, T I T L E I, O F T H E A G R I C U L T U R A L A D J U S T M E N T A C T O F 1933, A S
A M E N D E D (T O S E C R E T A R Y O F A G R I C U L T U R E T O A C Q U I R E C O T T O N )

1These figures have been adjusted on account of rescissions.
* Revised.

*Exclusive of repayments unallocated, pending advices, as of Mar. 31, 1935.

78

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

T A B L E 7 . - A m ou n t o

authorizations, disbursements, repayments, and amounts
outstandingfrom Feb.2, 1932, to Mar. 31, 1935, inclusive, by months and classes—

Continued
TOTAL, SEC. 36, TITLE II, O F T H E E M E R G E N C Y F A R M M O R T G A G E A C T OF 1933, A s
A M E N D E D (DRAINAGE, LEVEE, IRRIGATION, A N D SIMILAR DISTRICTS, ETC.)
Amo unt author-

M on th

-

ized 1

A mou nt out

Amo unt disbursed

Amou nt repaid
-

$383,489.21 |------

-

standing at end
of period
-

- - - - - - - - - - - - - - - - - -

-

8,333,284.83 || $2,413,955.10 II.I.I.I.I.I.I.I.T$2,413,355 in
28, 716,774.04

2,413,955. 10 |------------------

2,413,955. 10

10,728,445.40 ------------------|-----------------3,962,782.73
16,072,926.75
1,001,118.75
118,000.00 -----------------7,613,076. 10
1,513, 198.99 |-----------------*8,674,300.00
480,294.74 |-----------------5,926,650.00
3,528,608.65 |-----------------1,098,000.00
1,017,407.80
$44.09
1 11,795,500.00
296,429.81 -----------------1,231,500.00
1,668,007.45 |-----------------11,290,100.00
174,680.46 |-----------------3,455,344. 57
976,697.62 |------------------

2,413,955. 10
2,413,955. 10
2,524,898.44
2,642,898.44
4, 156,097.43
4,636,392. 17
8,165,000.82
9,182,364. 53
,478,794.34
11,146,801.79
11,321,482.25
12,298,179.87

72,849,744.30
1,043,000.00
1,462,200.00
536,000.00

9,884,268.86

44.09

3,112,439.32
1,000.00
1,568,295.53 |-----------------4,313,854.15
(4)

12,298,179.87
15,409,619. 19
16,977,914.72
21,291,768.87

Total, first quarter------

3,041,200.00

8,994,589.00

41,000.00

21,291,768.87

Grand total.-------------

84,607,718.34

21,292,812.96

*1,044.09

21,291,768.S7

TOTAL, A C T A P P R O V E D J U N E 10,1933, AS A M E N D E D

$4,375,000.00

$4,375,000.00 ------------------

$4,375,000.00
4,375,000.00
4,375,000.00
4,375,000.00
15,875,000.00
15,875,000.00
15,875,000.00
15,785,000.00
25,885,000.00
25,885,000.00
25,885,000.00
25,885,000.00
30, 133,000.00
30, 133,000.00

-

March----

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

()

30,033,000.00
30,033,000.00
30,033,000.00

Total, first quarter------|-----------------|------------------

4 100,000.00

30,033,000.00

Grand total--------

*192,000.00

30,033,000.00

r

30,225,000.00

1These figures have been adjusted on account of rescissions.
* Revised.

* Exclusive ofrepayments unallocated, pending advices, asofMar. 31, 1935.

REPORT

OF

RECONSTRUCTION

FINANCE

79

CORPORATION

TABLE 7–Amount of authorizations, disbursements, repayments, and amounts

:
:::::::::fromFeb. 2, 1982, to Mar. 31, 1935, inclusive, by months and classes—
Co ntin ue
LOANS

ON

P R E F ER R E D S TOC K OF

Mon th

INSURANCE

Amoºthor- Aºis-

COMPANIES
Amount out

Amo unt repaid

standing at end
of period

$4,375

Hi0
000.

00.

: w w w .

25,750,000.00

-

25,750,000.00

-

30,033,000.00
30,033,000.00
29,933,000.00
29,933,000.00
29,933,000.00

Total, first quarter------|------------------|------------------

4100,000,00

29,933,000.00

Grand total.-------------

*192,000.00

29,933,000.00

30, 125,000.00

30, 125,000.00

SUBSCRIPTION FOR P R E F E R R E D STO CK OF A N INSURANCE C O M P A N Y

*These figures have been adjusted on account of rescissions.

*Exclusive ofrepayments unallocated, pending advices, asof Mar. 31, 1935.

80

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 7-Amount of authorizations, disbursements, repayments, and amounts
outstandingfrom Feb. 2, 1932, to Mar. 31, 1935, inclusive, by months and classes—
Continued
TOTAL, A C T A P P R O V E D APR. 13, 1934 (LOANS T O FI N AN CE T H E ACQUISITION OF
P R O P E R T Y D E C L A R E D UNSAFE, O R T H E REPAIR OF P R O P E R T Y D A M A G E D , B Y

R E A S O N OF FLOOD, D A N G E R OF FLOOD, E A R T H Q U A K E , CO NF LA GRA TI ON , Tor.
N A D O O.R. C Y C L O N E , IN 1933, A N D IN J A N U A R Y A N D F E B R U A R Y O F 1934)

Month

Amount author

Amount dis
bursed

ized i

Amount out

Amount repaid

Total, first quarter-----Grand total.-------------

Standing at end
ofperiod

450.00

2,150,000.00

|

* 50.00

225,280.00

T O T A L , SEC. 14 O F T H E A C T A P P R O V E D J U N E 19, 1934, A S A M E N D E D ( L O A N S T O B O R
R O W E R S E N G A G E D IN T H E M I N I N G , Mi iing, O R S M E L T I N G O F O R E S )
1935

Total, first quarter-----Grand total.-------------

TOTAL, SEC. 16 OF T H E A C T A P P R O V E D J UN E 19,1934, AS A M E N D E D (LOAN T O A P U B
L I C -S C H O OL A U T H O R I T Y F O R T H E P U R P O S E O F P A Y M E N T O F T E A C H E R S ’ S A L A
R I E S D U E P R I O R T O J U N E 1, 1934)

$22,300,000.00

Grand total.------------1These figures have been adjusted on account ofrescissions.
* Exclusive of repayments unallocated, pending advices, as of Mar. 31, 1935.

REPORT

OF

RECONSTRUCTION

FINANCE

81

CORPORATION

TABLE 8.—Number of borrowers and amounts of loans authorized under section 5
of the Reconstruction Finance Corporation Act, as amended (1), Feb. 2, 1932, to

Mar. 31, 1935, inclusive, by size of cities or towns
BANKS A N D TRUST COMPANIES
Borrowers
Population of cities

".in

Authorizations

which borrowers are
Nu m be r

Percent
of total

5,170

70.4

582
538
252
212
166
106
146
173

7. 9
7.3
3.4
2.9
2.3
1.4
2.0
2.4

$311,840, 132.18
115, 168,845.08
178,416,344.64
134, 102,410.01
263,202,177.83
204,356,468.35
229,642,914.79
407,478,596.93
455,684,341.46

13.6
5.0
7.8
5.8
11.4
8.9
10.0
17.7
19.8

7,345

100.0

2,299,892,231.27

100.0

ocate

Percent
of total

Amo unt

T O T A L , S E C 5, R E C O N S T R U C T I O N F I N A N C E C O R P O R A T I O N A C T , A S A M E N D E D 1

Total--------------------------------------------

5,475

61.1

693
738
423
388
277
362
315
290

7.8
8.3
4.7
4.3
3.1
4.0
3.5
3.2

$345, 186,203.24
26,776,227.88
210,682,647. 24
171,779,257.87
3.19,711,369.42
260,517, 109.63
355,893,342.00
585,285,956.44
652,369,043.80

21.5

8,961

100.0

3,028, 201 157.52

100.0

11.4
4.2
6.9
5.7
10.6
8.6
11.8
19.3

1. Exclusive of railroads, regional agricultural credit corporations, Federal land banks, and Federal inter
ºnediate credit banks.

H. Doc. 215, 7 4 - 1 – 6

- -

-

-

s

:

82

b
u
p
u
o
q
s
m
o
‘
s
º
u
o
d
u
o
o
i p(
s
m
, po
p ønu
u
u
d
d
ss
º
o
u
v
g
q
º
6
oI
‘‘
s
6
o
u
º
n
u
q
o
ü
v
ºp
p
o
m
do
o
u
sd
º
nd
o
o
u
g
to
d
o
ø
d,
v
ò
o
‘
oI
šI
sI
v
º
ù
m
º
ö
n
u
n
º
d
po
g
u
d
r
o
o
‘s
ou
o
º
i
p
s
u
pn
º
)
u
º
ºg
6
º
i1
d
º
r
õg
sº
ø
u
s
p
ó
p
o
no
d
s
po
u
d
u
o
s
u
p
o
r
t
–
6
a
t
a
v
I
.
S
º
I
I
N
w
a
W
O
O
J
L
S
n
º
h
u
,
O
i
N
w
8
x
N
y
e
i

s

q
n
o
q
u
n
o
u
r
y
j p
o u
l e

REPORT

1
0
1
0
,
·
l
º
q
u
i
º
u
i
u
o
N
r
o
q
u
i
o
u
i
o
n
e
n
s
t
u
t
t
o
u
)
N

OF

s
ø
t
r
e

i

.

o

r

t

ø

s

i

e

r

t

ø

s

i

e

r

t

ø

e
º
u
p
p
u
e
n
s
t
u
o i
os

º
x m
q u s
s n
u q u
- m
u m º
n u
n o
t
. n p
u
N n u
o e
. t n
u s
j r o y t
p
u
u
u t o
o
s
º x u
u s
q o n
q u
u - m
q
u n u
o
p
n n u
u
n n e
o n
J u s
r o y t
p u
u o
l e
º o
q s
u
i x n
n u s
N e n
q u
- m
q
n
j o u
q p
u u
n e
o n
ou
s
r y t
p u
u o
l e
o
s
º q u
u s
n
e u
q q
m
u
u
n
.
N
.
e
n

e
n
s

0
0
0
0
"
1
8

I
|
|
|
0
0
'
0
0
0
'
l
º

0
0
'
0
0
0
'
g
u
e
'
i
£
0
0
’
0
0
0
’
g
º

I
|
0
0
'
0
0
0
'
0
%
'
i

g
1
9
.
£
Z
'
9
8
9
'
O
+
8
'
6
1

00 0
1 80
0 0 8 0
'
* º0
‘0 0
0 g
9
0
'
6
6
0 '
9 '
'
0 0
'0
Z º
0 º 80
º
g0 g 6
;
º“"0
' € g
' i +'
9 Z r i£g
6
w
6 i 0 88º
0 0g
8 g ' 80'
1
0
'i
0 1 0 1 £
0
0
0
?
0 0 ' 80
' 0 0.
0
0 0
#
0'0
0 € 6
0 ' " '
0
' y1 8
0
9 9 '0
1 e9 i'
8
00
| |
0 91
0 0
0
' 01
0 ’0
0
0 0
| |
0'
- - - 0 0 0
- - - '
- ’0
- - - 0 0 0
- - '
0
- 99
- - - 1 1
- 6
- - 1
'
- - - - 0 i .
- | |
- - 0 l #
- - '
- .0
- 0
- - - 0 8 '
- - - 0 0 0
- - - 0 ' 0
- - 0 0 ' 8 0
0 0
'
’ '
0 0 0 % 0
0 0
8
8 0
º
'
'
"
09
L 00 8 1
e
1
t
g
'
'
i
i

0
'
0
0 0
'
0 0
8
' *
0 '
0 8
9 g
Z z
Z
0
0
'
0 -0 -0 -' -0 -0 -Z -1 |0 -0 -' -0 -0 -0
a 0
‘
9
e 6
'
#
0
.
1
º
g

'
8
6
0
'

0£ 0
0
1Z ’
'' 0
0
l
º
9 0
.
z
'
8"
9
9
0€
*'
ZŒ
*68
*0%
'
i8
ý
l6a
e
l1
10
000
10'
'
' 0
l 0
0
º '
z 9
' 0
9 8
0 '
1 Z
' i
:
8
9
0
0
:
0
0
+
'
0
'
'
£
8
0
0
'
0
0
0
'
0
€
.
g
0
0
'
0
0
0
'
0
€
y
'
i

RECONSTRUCTION

0
8
'
s
o
l
'
º
t
"
z
i
9
9
O
"
0
1
"
º
g
g
'
i
s
0
L
º
"
i
f
f
'
ç
8
'
i
s
#
£
6
'
.
8
8
0
"
#
c
6
'
8
s

0
0
'
0
'
'
i
g
g
º
g
i
6
0
0
0
'
0
0
0
'
8
€
g
"
.
8
1
2
0
0
'
0
0
0
'
0
8
1
'
i
£
0
0
'
0
%
'
8
8
8
'
9
1
#
0
0
'
0
0
0
'
g
u
z
"

&0
#0
~'
#0
60
'a
e
1'
0
',
01
18
t6
º'
t
0z
0a
’e
0l
00
10
.'
"0
0
Za
Oe
'
gZ
'i
g
'
1
8!
£
&Z
#i
0
0
'
0
0
0
'
0

'
º
g
"
6
1
.
1
'
i
*
0
0
’
0
0
£
"
1
6
8
"
9

8
9
'
8
9
1
0
0
'
0
0
0
'
0
0
a
e
'
r
º
.
0
0
7
0
9
8
'
Z
0
€
'
8
Z
0
0
'
0
0
0
'
0
6
Z
'
*

6
'
8
9
8
'
8
9
1
'
8
g
º
l
0
0
’
0
0
9
"
O
Z
I
'
9
o
g
t

I
|
6

'
8
9
€
'
8
9
"

6

0
0
‘
9
8
9
"
1
9

6
0
0
'

00
'0
0
0
8
1'

1

0

00
0
'
0
01
00
'
0
g
' g
‘
l uº
o g
g "
1
' l9
9
.
'
g
'

0

0 0'0
00£
‘ 0'0
9 0i
0' i'
08 '
'0 90
0 '
89 &0
0' '
"8 0
#º .'
1g £
10 f9
6
10 f0
0 i
00 8
'0 0*
0ç #
0' 00
.
a 1
ef 0
'h 0
eº 9'
6
g# '
0
g i
' !0
1
+
1
0
0
0
0
0
º
g
o
'
º

0
0
‘
g
i
"
Z
8
y
'
9

0
0
'
0
0
0
'
0
6
*
'
i
8
0
0
'
0
0
0
'
#
8
*
'
t

9
+
4
:
'
i
9
g
º
t
t
º
1
8
:
1
0
£
'
9
1
1
'
i
'
z
0
'
0
1 8
1
'
i
* y
o
'
w
º
z
i

1
8
'
i

1

90 9 & 0
1 *#0
' '0
"'
0
00 6
0
0
i90
''
'' 9
1'
6
80 0
9'
1 '' '
0 º
8 º1 e
'0
l z
i' l t
a
a
g
9 ee 0
8
0
0 ºi '
0
19 0 & 0
£ ' 0
9
6 0# 0
1 0" '
0 6
0 'O
œ '
0 i
' 't'
0 ºt
0 cs
a u9
e y'6
' º
0
Z wt
9 00
º
1 t
'
8 i
m
0 00
0 0
i 0
' '
0 00
9
0 0'
0
*a8
' e
'6

CORPORATION

000º
0 0
0
0
00
0 '
0g
7
'
0'''
0
9' 0
0 '#I&
f
l
9
8
gy#
0 g i'
'
10' 8
' 89
'
8
6w
99
'
08 0 8
'
º'9
''6' g
8968i 9.
1
98'Z8 89
8
0'8 9 †'
6
16€90 9
1
08.0 lL
00000 iº
10
0º
'0
'
00' 0 0.
0
0'000 0
a000 9'
e0000 10
0' ' 0
''
0' 69
i6 g '
g
'
l
u
lº6g 0º
º
uº8' 0'
ºr' 8
:
te9 '0
º0l 8#
80ý1 1
1
8' 0 0
0
00 0 10
000' 00
'0'0 0
0 00 ''
'
0000 g
10
1
0 0 '
' 0
'1'
9' 0
%006
º0 # '
Z
.
8:0 8
0
" 0
0 '' 0
' º0 #
0#80 &
9
000'
00#i g
''"y'
0wº&
8'
º:#
lg
i
0
"
'
%'
ºZ'0
g
i
gº
88
''º
'1 '
6
8
1

FINANCE
l
i
'
º
s
'
l
l
y
'
6
8
Z
o
z
0
0
'
0
0
0
'
9
8
'
#
f
.
0
0
'
0
0
0
'
0
c
e
'
£
i
l
i
'
º
º
'
t
a
e
º
'
º
8

0
0
‘
8
.
6
"
1
6
8
"
g
a
e
l
º
l
º
0
0
'
0
0
0
'
8
9
'
Z
Z
9
×
0
0
'
0
0
a
e
'
0
'
0
8
6
€
.
0
0

#
#
0
+
'
g
y
"
6
o

I
|
|
|
#
#

'
0
1
1
'
1
6
'
'
a
e
.
1
1
0
g

09 9
0§ 9
’9 .
0& 9
0# 9
09 9
’ 9
0% 9
18 3
88 :
'
i0 8
º% .
g0 0
00 0
0 '
'' 0
00 0
00 0
0 '
'0 0
1' 9
86 ‘
1
6 I
8
1'
g
88
01
0#
'#
00
0
0
0
'
8
*
0
0
'
0
0
0

'
‘
80'8
9
8
i
'
"* f
h
' º
y
1g
g
9º
º'
0l
8
"º61
3 º
6018
!+ 1

|
|
|
|
-

0
0
'
0
0
9
'
8
6
8
*
0
0
'
0
0
0
'
0
9

I
|
0
0
’
0
0
9
'
8

#
9
8

OF
0
0
'
0
0
0
'
0
1
8
'
i
l
a
e
0
0
'
0
0
0
º
g
8
g
0
1
0
0
’
0
0
0
º
g
g
8
.
0
0
'
0
0
0
'
0
0
0
6

#
6
'
I
'
9
7
8
'
Z
0
6
#
9
9
º
g
g
.
’
8
.
1
8
"
8
0
9
"
8
%
|
9
g
y
º
g
g
º
'
8
I
"
Z
º
g
"
6
1
.
1
|
9
:
1
8
#
8
Z
Z
I
"
0
0
1
"
#
|
8
6
8
'
i

u
p
p
u
e
n
s
,
n
o
q
u
i
n
o
t
u
1

‘
o
‘
G
I
'
u
o
m
º
u
q
s
u
M
.
J
o
q
u
e
q
q
u
o
u
I
I
o
d
r
º
p
u
o
o
º
s
e
q
)
o
n
u
p
u
u
n
s
a
n
o
o
'
go
º
o
gº
i
o
o
ºg
l
e
º
‘z
s
i
up
u
r
je
o
n
so
e
m
Լ
u
s
õ
õ
q
s
ae
p
w
ºg
uo
px
uu
oe
dq
'q
pu
æo
n
em
oI
õIp
t
er
mo
sx
ua
ae
uq
in
kg
eq
eu
rq
p
s
u
øe
pn
ms
,
on
uo
O
o
o
º
o
o
o
º
o
t
s
º
t
r
p
n
p
o
u
r
«

RECONSTRUCTION

0
6 88 0
i 0
00 6 8 ’
"0 0
' '0 “ Z
0
6
0
' 1 E
€
# 0
8 Z' 1
0 0
'
' '6 g
' g
º0 1
0 '
9 9
1
8 i0 '
9 '0 ' º0 '
'
1
g 81 0 g' 8
' 88 1 80 9
6 89 0 88 8
% 0' 8 00 8
6 0# 1 0" 0
! ’1 0 'g 0
'
2 00 0 08 0
9
!
0 00 0 0
' 00
0 0
0
'0 0
’ ’ 0 ' '
0
0 80 8
0 00
8
º ' 0 1
0 9g
1
£ 18 1 0 ;
0
' 6' 1 '' "
8
8 y ' l9 i
1
# i . 06 1
0t
6 g * 96
' 0 £ 0' 8
9 ' 6 0I 0
0
0
8 0 0 '£ '
Z 0 ' 0y 0
Z 0 | 0 00 0
0 ' -- 0 0 a
g
0 0 -- 0 ' e
'
'
’ ý -- 0 ' 0
0 8 -- : 0 #
0 ' -- ' 8 0 6
0 1 -- 0 '
’ i - Z '' i
O t - i0 9
I - # 18 .
0
0
ý 0 | 19 0
9 -- 6 8 ’
#
1 ' -0
8
Z 0 -- 6 8 0
0 9
i 0 -0 - 8 "
"
“
6 ' -- 9
1 6
#
1 - 0
0 9
% 0 ' '
90 0
0 º 0' 0 8
"
0 8
º
g
' ' 0 9 º# i
Z '0 ' g g
Z r Z 8 » #
9 8 º # 11
28 g
8 6g 8
1

REPORT
0 80
0
0
’
0 †:
0
60
8
' 0
0
g
1
!
'
'!
' 8
#
Z !
84
£ !
Z
8 !
'1
0 *£
i
0 Zi
' Z0
0 i0
’
0 00
0
8 09
'
' ’9
9 00
1
00‘
g8
gº9
zo8
g0
e0
''
i0
- 9 0
0
- 8
'
- 0
- 0
l
- '
- 0.
- 01
| 0
0
- '
0
- 9
’
- 9
0
- £
0 &0
0
'
0 '9
0 #
0
' 6
9 0"
0 '
L
E
‘8O
"
i88
%
9
9£€
8
..

e
s

ø
q
?
J
o
x
{
o
o
n
s
p
a
u
l
a
j
a
i
d
j
o
e
s
e
q
o
u
n
d
e
p
u
b
"
K
u
o
d
u
l
o
o
1
.
s
n
u
n
u
o
x
q
u
e
q
e
J
o
x
{
p
o
n
s
p
º
u
r
a
j
o
'
p
jº
d
p
º
t
q
r
qe
uu
r
o
e
us
be
o
lº
g
og
'
i
g
º
‘
b
6
i
·
'r
i
g
o
'
w
l
e
p
yò
w
a
o
uu
o
d
d
ue
pn
u
o
e
e
n
ø
s
q
in
n
o
j
s
o
e
'
a
I
e
I
eI
u
ø
æ
n
q
;
n
r
'
eo
a
e
a
l
o
ø
º
q
s
ar
s
e
up
o
u
en
o
‘
k
tu
d
p
n
p
u
r
ºo
u
o
º
n
us
q
m
u
n
u
r
ao
jx
ºu
ue
wq
ø
im

FINANCE

CORPORATION

83

84

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 10.-Loans authorized (and commitments outstanding as of Mar. 31, 1935)

toindustrialorcommercialbusinessundersection5dof theReconstruction Finance
Corporation Act, as amended (including purchases of participations, and agree

ments topurchase participations, in loans), by size ofloans,from June 19, 1934,
to Mar. 31, 1935, inclusive.

Nof
um
be r
loans

Percent
of total

40.3

$100,001 to $200,000, inclusive---$200,001 to $400,000, inclusive-Over $400,000--------------------------------------------

389
171
170
128
61
34
14

Total.----------------------------------------------

967

Size of oan
-

$10,000 and under--------------------------------------$10,001 to $25,000, inclusive---

$25,001to$50,000,inclusive-----$50,001 to $100,000, inclusive
-

-

-

-

-

-

Amount
authorized

Percent
of total

$2,142,135.00
3,212,100.00
6,919,350.00
10,121,871.93
9,632,000.00
10,283,000.00
7,680,000.00

4.3
6.4
13.8
20.3
19.3
20.6
15.3

100.0 || 49,990,456.93

100.0

17.7
17.6
13.2
6.3

3.5
1.4

T A B L E 11.-Loans authorized (and commitments outstandin

to industrial or commercial business under sec. 5d of the

as of Mar. 31, 1935)
econstruction Finance

Corporation Act, as amended (including purchases of participations, and agree
ments to purchase participations, in loans), by industries, from June 19, 1934, to
Mar. 31, 1935, inclusive
Numbef
Industry

Manufacturing:
Food and kindred products:
Dairy products---------------------------------Meat and poultry packingCanning and preserving---------

oun t au- || Percent
..., Percent
º f || Am
“..."
|* .

All other----------------------------------------

15
13
16
23
38

1.6
1.4
1.7
2.4
4.0

$613,000.00
409,000.00
380, 100.00
641,800.00
1,460,050.00

1.2
.8
.8
1.3
2.9

Flour milling, bread and bakery products-Total, food products---------------------------

105

11.1

3,503,950.00

7.0

Textiles and their products:
Cotton goods----------------------------------Woolen goods----Silk and rayon goods
Knit goods------------------Men's clothing and furnishings--Women's clothing and furnishings-other----------------------------------------

11
10
8
21
18
15
39

1.2
1.1
.8
2.2
1.9
1.6
4.1

1,343,750.00
942,000.00
1,630,000.00
1,307,000.00
719,000.00
149,700.00
3,414, 100.00

2.7
1.9
3.3
2.6
1.4
.3
6.8

Total, textile products-------------------------

122

12.9

9, 505, 550.00

19.0

47
37
15
15
30

5.0
3.9
1.6
1.6
3.1

2,894,250.00
1,852,600.00
988,450.
495,000.00
767,700.00

5.8
3.7
2.0
1.0.
1.5

Total, lumber products------------------------

144

15.2

6,998,000.00

14-0

Paper and allied products, total.---------------------

21

2.2

1,712,350.00

3.4

Printing and allied products:
Book and job printing--------------------------All other----------------------------------------

25
16

2.6
1.7

186,350.00
279,000.00

.4
.5

41
29
7

4.3
3.1
.7

465,350.00
1,382,700.00
658,500.00

2.8

Boots a n d shoes--------------------------------All other-------------------

10
10

1.0
1.0

966,000.00
569,500.00

1.9
1 .2

Total, leather manufactures-------------------

20

20T lºoooo.

º

Total,
and allied products-----------Chemical and allied products, total
Rubber products, total.------------------------------

.9
1.3

Leather and its manufactures:

3.1

* Nu mber of borrowers represents the number of applicants to w h o m loans bave been authorized or
commitments made.

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

85

TABLE 11.-Loans authorized (and commitments outstanding as of Mar. 31, 1935)
to industrial or commercial business under sec. 5d of the econstruction Finance
Corporation Act, as amended (including purchases of participations, and agree
ments to purchase participations, in loans), by industries,from June 19, 1934, to
Mar. 31, 1935, inclusive—Continued
N um ber

§:

Industry

Percent
of total

Amo unt au- || Percent
thorized
of total

Manufacturing—Continued.
Stone, clay, and glass products:
Stone, granite, slate, etc.------------------------Clay products-----All other----------------------------------------

16
30
19

1.7
3.2
2.0

$614,000.00
1,758, 500.00
,200.00

1.2
3.5
1.1

Total, stone, clay, and glass products----------

65

6.9

2,895,700.00

5.8

All other----------------------------------------

16
17
11
22

1.7
1.8
1.2
2.3

$906, 500.00
1,011, 500.00
1,255,000.00
1,752,400.00

1.8
2. 1
2.5
3.5

Total, iron and steel and products-------------

66

7.0

4,925,400.00

9.9

Non-ferrous metals and their products, total.----------

32

3.4

$1,250,800.00

2.5

13
19
31

1.4
2.0
3.3

772,000.00
1,209,100.00
2,221, 500.00

1.5
2.4
4.5

63

6.7

4,202, 600.00

8.4

26

2.8

3,010,500.00

6.0

18
57
70

1.9
6.0
7.4

2,169,250.00
1,141,300.00
2,708, 135.00

4.3
2.3
5.4

-

Iron, steel, and their products (excluding m a
chinery):
Foundry products------------------------------Structural and ornamental iron and steel-Stoves, ranges, etc.---------------------

Machinery (excluding transportation equipment):
lectrical machinery, apparatus, and supplies---

General machinery and equipment
All other---------------------------------------Total, machinery-----------------------------Transportation equipment (automobile accessories,
etc.), total----------------------------------------Non-manufacturing:
Mining (coal, etc.),” total.---------------------------Wholesale trade, total.-Retail trade, total.----------------------------------N o t classified:
Total----------------------------------------------

61

6.4

1,924,871.93

3.9

Grand total.---------------------------------------

947

100.0

49,990,455.93

100.0

1 Number ofborrowers represents the number of applicants to whom loans have been authorized or
commitments made.

* Excludes mining loans authorized under sec. 14ofthe act approved June 19, 1934, asamended.

86
w
‘
oo
øa
z
s
g
su
u
n
d
vo
6
o
1
u
wo
y
øp
ºau
g
gº d
6
‘
,º
p
Iu
p
‘g
I
pu
g
ø
ºd n
(
up
u
o
d
os
º
n
J
p
s ou
º
o
‘ø
my
u
od
uy
‘o
ø
d
g
us
6
u
o
o
o
g
Io
‘
'
o
3 dy
u
u
'po
dw
o
q
u
n
º
o
o
ø,
d
vb9u
o
u
9o
ð
o
9
d
u
u
u
m
sopo
u
u
a
o
,
qI
ub
a
o
n wu
o
d
o
u op
u
o
ou
o
,n
,
is uI
s
u
s
w
n
p
u
u
o
o
o
!
o
pn on
º
p
uu
?u
I
dd
s
s øu
‘
q
o
,o
s
u
u
o
º
o
o?
q
n
o
gI
pu
a
a
o
r
s
o
w
o
o
s
on
m
u
s
o
f
o
uo
o
op º
º
p
g
uu u
o
d
n
r
ø
qº ‘ø
w
s
s
s
p
n
ºu
?
u
n
uº
o
b
ß
pp
p
y
du
n
un
u
ou os
uv oa
i
o
p
u
so
yu
n
mn
d
o
b!u
z
po
g
u
uo
‘d
d
s
b
u
u
º
p
s
n
o
ay
u
ø
y
w
,
a
u
d
o
p
ºa
u
q
,
p
d
o
a
un
s
s
g
so
y
u
pp
u
op
o
on
f
oq
os
p
n
wa
a
o
sp
s
o
un
oo
b p
oõ y
ry n
o
i)
bs
sy
p
lo
za
Im
o ms
o
s
m
wo
as o
a
r
f
i
jq
q
in
a
q
v
i
,

º
.

3

e

S t
C
H
o
I
j
N ,
V s

o

u

e

t

y

r

t

o

n

q

o

A u
I
N
O
O
J
L
S
m
8
I
J
,
C
I
N
Y
S
Y
I
N
Y
8
1
m
e
n

º
+

a

o

p
º
s
u
n
q
J
o p

o

o

e

u

o

a

o

p

o

s

t

u

o

e

t

º

p

o

e

u

p o

p

u

º

w

u

$ Ë
s
p
.
n
u
n
o
u
u
w
q
û
w
q
u
n
o
u
r
y
u
o
q
m
n
e

q
uz
n
o
u
r!
yp
|
-o
s
ps
q
u u
n
o
u n
r
y q
q J
y
a o
w
n u
u w
n e
o
u u
r p
y
n p
e º
qz
u
n
ou
u
ro
y
sq
n
p
.p
q o
u
n s
o u
u
r n
y
- q
u
n
o
a
u
q a
u e
n a
o e
u r
r p
y p
n º
e z
q
uu
no
oq
un
u
y

©

6

$

9
6
&
6
!
!
!
?
!
.
.
.
|
0
0
:
1
9
!
!
!
!
8
.
.
.
.
.
|
.
0
0
:
0
0
£
5
0
$
8
%
.
.
.
|
.
.
.
I
I
I
I
I
I
I
I
I
I
I
I
I
|
|
I
|
|
I
|
9
8
5
6
0
1
.
.
.
L
õ
õ
:
I
I
'
f
h
º
.
0
0
:
0
0
:
0
9
8
.
g
.
|
L
Z
"
Z
l
º
º
g
º
6
'
y

~

~
| 1i
8
1g
ºz
'
'
'
9
86
8
69
.
g
.
º
sº'
Z
z
ºº
t
z
ºgº
t
z
1gI
0ºe
0
t
:
º
0t o
0º s
'b '
9
#' 0
9l 8
# o
o
09 º
00 o
o
‘0 º
0
0º
0
8: º
:
'9
w
9 91
y%
º
'. 8
'
i
z
s
g&
'

º

||
i0
9
‘
93
9
0
:9
'
i9
z
e
;
'z
10
o0
o
r
‘
o
o0
0
g
9
º'
z
:
u9
s
0
'
ºZ
g

"I
"
Z
Z
Zg
º
" #
'
0 $
f
1 '
9
8 2

z$
3
l0
'
09
8
9&
"_
1
2

| | ||
#
1 08
9I
0
1 #
9z
0
8
1
0 ;
'
Ҽ
0
8 L
0
' õ
9
oz
ºz '
g
6
0
I0 | |
o’ z º
f
f
ºg
º0 º g
g0 g l
60 e i
'’ :
9 º
z0
't
º 6z
#
u9 0 0
0
0'
00 '
0. 0
0
0
00
00 0 0
9
% ''
9:
0
8
'
9 19
9
68
0 '
'
.
'

§ 0 | |
I| |z
|
Z1 z
I
O
& €9 9 ‘61 '0 º
63
8
š
& '66:8 | '6ZL '098 º
9#
%3
19
; ‘906 3| 681 º*! g
6{
. 6 ‘
9{ l
l:
9º
9
9 8
2
||
|
} 019. 8 8| 01 ,
0
1}
8
0
} 09 ' ‘1 'g 3
'&
8
%
93
# 1009£ 889 088 119 )
8
'
'2
09 ' ' ' I
8
9
1; £
0 g
1 0I
0} z: Z
0
'
'
0} ' "
6
1 8
%}
ZI
|| 1|
8
0
g9
0& º
z& r
# sº0
9
"6

19
9
9
19
"1
i
z
1|
z9
b
º8
i
o
“
i
º
e
s
“:
;
1|
oz
o
g
º:
t
0
i;
'}
i
;
c
o&
'
#
6
z1

3§ +º C åp ± E S Z

'9
Z

||
o
8
1o
º
8o
6
o
9o
º
'g
aº
ez
g
:
t|
º'9
09
ºggi00'00
00
*'
'0
.0
t0
º'
0
O6
'
I

º
9 1 1616 99 i § £ 1'9 # 99º
;
0 º
* ' %Ԥ 0
0
&
i
º
j ',ae l' ' º
# *s 869'0° i:i 690 § ;
º
#
'
' £
: '1 ' z 3ö 9
#
!
' º6
#
9 2?
#
z g' 9 º 1 ' '
9.
.
i ºz gº 10 0 ºg 9% 81' u 88'.
º
:§9
z 16 t
'!"
| g !? 6 º 1 99 | 0y ||
¡
1
8G s
Z9
g
8
!º
y
¿ ? g '" º - s
9
i
?!
º 091 9 119g
! 81 be g
' 6 'º
$ y !! % " 09 ºe .
01 &
l
1
g ! ! Z " b 69 $1!
'
9
'
'
i:
! %1
6º g 8
1 6?
z
0 1. 0 8
|
|| | ! 0 6 9 0 | # | ?
'
191
} % 0: g 39 0
1?
¡±
±}
6
' º
?
¿9
0}
º3 0 0
º' !
!0 g
!
.}
0 2 eta +O !
?
1
! 8 gi :9 '
$9
0 '8 0
}!
?
¢9
; i 1 0 ' 8" !
!: :
i
1 9º 0 e # 9
3
$
0
g
c
s
'
g
!
91 % s
z0 9
!
t 'g # '6 0
{.
£
&
s
o
º
98
0g
0
9# :
|8 $ 3
I ’8 0
9
š 1 } 9 ;8 º ' º l '9 1
6
"
'
8
'
Z
z
8 9
š
&º O
fº6
1
º
8i 8 $ 1
%
9
º
9
'
'6
:
$ 9#
' 'º
6
9
1
i +6
0 õ6' 9
4
y
$ .'
'9
9'
0 8'
zbg e
'$ g 1 º 0 '
z
'z
9
9 18
1
.
8
,
.
#
| |{{ | | | 1 6 | 0 | |
9
99
6 96
g9 º ;
99 9 g
2 ! l
9
}
|
:
*
1* “
Iz
* } g? ' & " ·
º
?
9
6
:
0
Z
1
8
*
;
r
#
?
9
*
g
? £8 : 6 '9 %
6º
'
' 3$ º ?
6
& š& ?
6
0 6:$
8 8 61
# '3 ' 9' 9 " 8 ' ' 8
'
i. º r 1 6 o # 9' t
1i
2 o s
#
6 [| | 0 £ 0 º 1 |
0
g º
0 † 3 0 0 oo 0
ºz
9 í0 6 9 0'
'º'
'3 0 º
0
' ‘ o0
8 9 6
9 8
g8
£
9 º t 6'
8 1
9
g
g8 0 ' 0 o 0 º 8 g
'
' 0 º
' ' ' o#' 81
3
1
8
9 8 t 9 8
i g0
9z
8
*0
. 1 9 8
'
:'
" i8 ' % 91 z
ºº
t '
g
811
Z
I .
*
0
0
| || ] | 0
I| 0 |!
’
8 i1 O
o2
8
e 16
6
80
6
0
0
:
º
-g
z š. º :
0'
º 1 o 0
01
0
i
º 9 o
º g
-z
'
' 1 º: º
º" 0
'#
.
z
8
g
3
gI º
6 %c
6
e
u
%
8
.
º
'
2 'e
'
“
'
I
+
I
;
0
9
6
.
10 z
1
0
.
0
'
|
|
| || | | 0
-|' |t
z 6 08 0
5
0
0;
o
r
º 6 09
6
0
‘
†
3
l ö9 o
z
9
e
'
8õ
º
go
i
o8 9
-#" '
%
‘ ö8 z 3
º
6º
98
r
g 6
' º1
º öi
7i
º
-g0 'z
o º' 0
º
'
i z z1 0
w
0 r
r
z
'
e
£
'
0 0
0
0
|
[
!
|
'| 0
o
T0 g
ºo
00 a
º
0: e
t0 ro
o
00 '
-'' õ.
'3 ,
9 .
5
8: '
º
'g
'3 Z
-#9 ;g
g
8
8
8
º
ºg
-o g
z
z

8
I |’
o 0
o 9
r
o º0
o '
z
9
º 9
s 0
u i'
' Z
8ö

jº
g $ go
g z i º 1£ § º
g
z
º
6
º
§
! g" j
‘8
ri
' o 0!
t!
: 1 º
zz
º 6 º #$ 8 a
e ! iº
6' '':
#$ : $ " i
!
' 8 Z i $$ I z $ i
?
1
º
2
9
$
e8 º:
g
|
! º
$
z $$ ? º z
º ä
3
g9 ºs1 !
" "
''
? | || 6 |
z z £ || 9
9
1 £ 1 |9
9
}
3
1
3
9 t g0
9
6
0
:
$
%9
$
9
0
8
.z
ó8 :
9
8
1
z
4
0
ö% 8
1
I
'
:
:
12
1?
| || | |
1 80 0 #
8 .8 9 #
3
s
3
3º
!
4#
!
0g
)#
!
:
0:
#
:#
? 0! :
&; &
#
# &0 #
#
!
#
38
1#
!
%
8
1&
0
3£
9#
8
\I
9 1 '
$
' 0 $8
9 9
8 $
8
6
9
9 8 6 $$ 1
6
'
$$
º‘
g
8
s 9 8$ 9
1
%
6
o
$
'
0 '
8 '.
'
8$ 6
z 0
8
0 1
8
| i8 | || 6
L t .!
!} 0
Zu
0
º0 3 } 3
" s
3º }
Z º
D g0 8 } 0
Z º $º : 0
' g : 3º } 6
0
$g } ?
0 0 '} !
6
$
8
;
!{
' ' 0 $#
?
9 * $3
Lg
L 1 : g3
I
i 82 f
'f Z
"'
‘ "
$
9
Z
1
0
1
:
9
!8
8 g1 0 !
6
{
'
º '
?8
8
{ …
6
9
g
!
9{
"
i Z
'
I8
W
*
'3 ‘0
'Z
'3 8
1
1. 98
T
|i
8I
29
9
’*
#T
9
99
..
º1
"
g6
0.
"
"
Z 1.
|T
1
1I
"
S
ºT
:
'I
6
g
º
ºT

2.
2 5
S 2 5 ¢? 3 £ o z Þ §:
º & £! ×
º
b
! "
§!
z
'§
10
9
0
? I
1 §!
'0 z
§ SO
9 :
.:
!
:
6
? 9#"
‘
!
z$ I !
#
s
º
3 ' ! i'
| º |£ I
6 t §8 g
0
i
§:" Sº
g§
z 8'º
I 6
o
6
o
* § l
g I
'
' § 'º
º : 0g
s 869
º i' 0
z
s 08 Z º
| 0| | 0 9
9 § z0
9
* 2
:

#1
1

z
0
i 0'01 00
s
4
0
" “2 ! 6*:
s : ! *0
,
z 1 ! *3
ó º0 & g:
º y: # i'1
s ' 3 05
9 £ 1 81
6
1 $ g ':0
%
9
:
1 8:
9
0 1 8 º
' 0 ' 'g
Z 8! 8
l ! 1 w
º '!
8º
0
' i
" 0% 8
9
Z
$
£
0
1
| u! | |
6 ! 0 11
.
8 z$
6 9
± 8
6 "
8$ ±
$
6
0
1 0
6
$
9
' 1$ '±9 g
9' $
98 $
86
9
'
6'y
'0 8
z
. e
i
9@
#0%
|9 | I
9# . $
90 9
ý
0
z0 J 9 0 @
Z3 %
1
8
80 8
;:!
g
'
1
.|
0:
| &} ”
1
'
8& i
9
.
8z
,
, ||£
|9
|
00
&; 0
!#
8 !
0
·
83£ :
19 6
6
0 09
.0
6
4
8
*% :
3;
8
9
0
; 0&
8
9
9& #
0
:
$
“81

t

I0 | | | .
o0 69 0
z
.' 99
z g 3: 0
o0 g 8
86 '
º0 i ;
'£ ; 1 0
0 º $9 0
8' g 2
19 i º 6 1
$€ t 0
0. 0
0
0 0 .
'9 : | 0 :
00 0 ± & 0
0 0 ±0 0
&0
00
0 z 0;
'0
0% $
i:
:
z: z 9
6! .
81 º
8
':
$8 i
!.

iI
I
I
--v
-u
A
u
x
os
n
.n
q
u
o
ø
r
xi
i

REPORT

:

OF

§ -

cº-tº-ºxo

ºf

-

eisei- :

~

*

-

RECONSTRUCTION

################
:
33

#################

::::::::::::::::::::::
5

################
—ºrs º l d - º c i a s t s settsas
šššášáššáš ####

£333333s,333 :=#338
š
áššš:#######
ci-ft---º-º-º-º-cºs
!ed-tsaºui

Hää’s’
########
:
5
; -º-º:

8:38:28:#### 82838
: *-* “set ºfcº-ºs

#####

################
;

*ššššš š

Ézsz.: ###58&zz s

###############
:333s #58s: £355;

##############

##############

; :: ;

3S388 zäggsssss;

iáà

#######; ;;;# 3

#
-

###:22#
#355

§ 5 ############

#
##############
2565&233&&E:::::::::

FINANCE

CORPORATION

87

88

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 13. Total authorizations; commitments outstanding (as of Mar. 31, 1935);
purchases of securities from Public Works Administration; and allocations to
other governmental agencies and for direct relief, from Feb. 2, 1933, to Mar. 31,
1935, inclusive
A m o u n t of

authorizations,
c om mit me nt s

outstanding,
purchases of
Securities f ro m

A m o u n t dis
bursed

Public Works
Administration,
a n d allocations

Loans and other authorizations
Commitments outstanding as of Mar. 31, 1935---------Purchases of securities from Public Works Administration
T o ta l

Allocations:
Secretary of Agriculture for crop loans
Capital of regional agricultural credit corporations (reallocated
from amount originally allocated to Secretary of Agriculture).-Governor of Farm Credit Administration (reallocated from
amount originally allocated to Secretary of Agriculture)

$6,683, 699,710.52
172,777,956.23
76, 544,534.03

$4,972,733,857.71

6,933,022, 200.78

5,047,923, 391.74

115,000,000.00

115,000,000.00

44,500,000.00

44, 500,000.00

40,500,000.00

40,500,000.00

200,000,000.00

200,000,000.00

3,108,594.05

3,108,594.05

Total originallyallocated to Secretary ofAgriculture for crop
Regional agricultural credit corporations for expenses prior to
M a y 27, 1933
Regional agricultural credit corporations for expenses since M a y
-

-

er to make loans tojo
Land bank commissioner to make loans to farmers ($200,000
original allocation reduced by reallocation to Federal farm
Mortgage Corporation)
Federal Farm Mortgage Corporation to make loans to farmers
(reallocated from $200,000,000 originally allocated to land bank
commissioner)
Secretary of the Treasury to pay for capital of H o m e Owners'
Loan Corporation--------------------------------------------Federal Housing Administrator (amount stated is amount dis
bursed; total allocation not limited to specific amount)
-

Total toothergovernmental agencies by direction of Congress.

10,140,000.00

8,219,255.73

124,741,000.00
100,000,000.00

81,645,700.00
2,600,000.00

145,000,000.00

145,000,000.00

55,000,000.00

55,000,000.00

200,000,000.00

200,000,000.00

25,000,000.00

25,000,000.00

862,989, 594.05

720,573, 549.78

300,000,000.00

299,984, 990.00
499,993, 537.22

For direct relief underEmergency Relief and Construction Act
500,000,000.00

800,000,000.00

799,978, 536.22

500,000,000.00

500,000,000.00

Total allocations to other governmental agencies and for
direct relief------------------------------------------------ 2,162,989,594.05

2,020,552,085.00

Total allocations for direct reliefby direction of Congress-----Allocation for direct relief and/or public works by Executive
order under Emergency Appropriation Act, fiscal year 1935----

Grand total of authorizations, commitments outstanding,
purchases of securitiesfrom Public Works Administration,
a n d allocations----

-

| 9,096,011,794.83

7,068,475, 477.74

REPORT

OF

RECONSTRUCTION

FINANCE,

CORPORATION

89

TAB LE 14.—Names and compensation of directors, officers, and employees of the
Reconstruction Finance Corporation receiving from the Corporation more than
$400 per month, as of Mar. 31, 1985
W A S H I N G T O N

OFFICE

Basic sal

N am e

.º:

-

Title

Jones, Jesse H-------------------------- Chairman----------------------------Fisher, Charles T., Jr.------------------ Director------------------------------Henderson, Charles B
do--------------------------------Merriam, C. B------------------------------do--------------------------------Stephens, Hubert D-------------------|-----do--------------------------------Taber, Frederic H---------------------|-----do--------------------------------Talley, Lynn P------------------- Assistant to the directorsAlley, James B.------------------ General couns
Cooksey, George R-------------- Secretary
Mulligan, H. A.
- Treasurer-Fitts, William C
Special cou
Johnson, BenSpecial assistan
Schwulst, E. B.
-do-----Lindquist, R.
hief A ud i t
Barriger, J. W.
Chief Examin
Brownell, R. A.
Chief, Agency Division.-Mc Ke e, John K
Chief, Examining Divisio
Husbands, SamAssistant Chief, Examining
Vincent, Walter
Special representative-Persons, Henry ZExaminer
Taylor, R. J.---Assistant Chief, Agency
Klossner, H. J.
Assistant Chief, Examining Division-Mandeville, Charl
McGrath, M. J.,John W --Herson, James F-N e w m a n , Harold W., Jr.--------------- Assistant General Counsel-----------Schram, Emil-------------------------Levee and Irrigatio
-

Cºnse.

Net Salar
per mont

$833.33

$791.67

833.33
833.33
833.33
833.33
833.33

791.67
791. 67
791. 67
791.67
791. 67
1.041. 67

1,041.67
1,041.67

1,041.67

833. 33
833. 33
S33.33
833.33
833.33
833.33
833.33
833.33
833.33
833. 33
833.33
833. 33
800.00
791.67
791.67
791. 67
791.67
791. 67
791. 67
750.00

833. 33
833.33
791. 67
791.67
791.67
791. 67
791.67
791.67
791.67
791. 67
791.67
791.67
760.00
752.08
752.08
752.08
752. 08
752.08
752.08
712. 50

750.00
750, 00
750. 00
725.00
708.33
708.33
708.33
708.33
708.33
708.33
708.33
70s. 33
666.67
666. 67
666.67
666. 67
67
666. 67
666.67
666.67
625.00
625.00
625.00

712. 50
712. 50
712. 50
688. 75
672.92
672.92
672.92
672.92
672.92
672.92
672.92
672.92
633.33
633.33
633.33
633.33
633.33
633. 33
633.33
633. 33
593.75
593. 75
593. 75

625.00
625.00

593.75
593.75

625.00
625.00
625.00
625.00
625.00
625.00
625.00
625.00
616.67
600.00
600.00
600.00
583.33

593.75
593.75
593.75
593.75
593.75
593.75
593.75
593.75
585.
570.00
570.00
570.00
554.17

583.33
583.33
583.33
583.33
583.33
583.33
583.33

554.17
554.17
554.17
554. 17
554.17
554.17
554.17

Vi s io n.

§.
ounsel

Thralls, Jerome-----------------------Clay assius M.--

frank, jerome N.
Griffin, D. B.-----Dougherty, J.L.---n
ass, Russell L-Gardner, Bunk----Ribenack, W . C.--

Coit, Gladding B--Kiesling, Robert J.-Sullivan, William W-------------------|-----do-------------Murchison, Frank M------------------ Special representative---Costello, W. C.------------------------- Assistant to the chairman-Baxter, Norman W-------------------- Assistant to the directorsMacartney, Morton-------------------- Chief engineer
Wilson, J. C--------------------------- Assistant Chief, Examining Division-Moore, Hilton M---------------------- Examiner
Corcoran, Tho mas G------------------- CounselDurr, C. J.---------do--------Keenan, Frank J.-Financial adviser
Shaver, Clem----Special assistant to the directors-Allen, Ronald H.-- Assistant secretary-------------------Elliott, David C----------------------- Chief, Statistical and Economic Di-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

V is io n .

Berrett, R. W-------------------------- Administrative assistant--------------

Chadduck, Harry W------------------- Administrativeassistant, Agency Divis io n.

Parks, Thomas E---------------------Parrish, Joel R.-----

d

Augherton, George A
Fraser, J. A.---Johnson, W . J.
Howell, David J.----------------------Kuehl, Frank W.--Reginald SSullivan, Harry L.--Assistant treasurerHobson, Alfred T--Assistant secretaryUnzicker, Willard E
Assistant treasurerSatterfield, W R------

# .

$farfield,b.Howard

90

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 14.—Names and compensation of directors, officers, and employees of the
Reconstruction Finance Corporation receiving from the Corporation more than
$400 per month, as of Mar. 81, 1935–Continued
W A S H I N G T O N

OFFICE–Continued

Basic sal
Name

Title

Kelley, Jerome T---------------------- Assistant treasurer-------------------Dodds, Chauncey Y Chief
iner, Drai
Levee and
Irrigation Division.
Rossman, Richard--------------------- E
Chase, Ralph K------------------------| Counsel------------------------------Hamilton, Claude E., Jr.---------------|-----do--------------------------------Rowe, John A., Jr.---------------------------do--------------------------------Bassett, Albert E----------------------| Examiner----------------------------Boggs, Verner--------------------------|-----do--------------------------------Byrns, Miles J.-------------------------|-----do--------------------------------Cloninger, C. W.
Davis, Thomas H
Greer, Frank H
Griffin, Charles N.----------------------|-----do-----------Howard, Ernest B-------------------------Lewis, Charles B-----------------------|-----do--------------------------------Moore, Milton K----------------------|-----do--------------------------------Reed, W . 0---------------------------------do--------------------------------Seeley, Harold J-----------------------|-----do--------------------------------Toole, J. E.-----------------------------|-----do--------------------------------Watson, William P--------------------|-----do--------------------------------Webb, George T----------------Kelly, Leo P--------------------Ward, Maxwell-----------------Fort, James L-------------------Barnett, Frank H---------------Hoeltzel, Lloyd C---------------Assistant to Mr. Taber-Galt, Alexander B--------------Assistant secretary-------------------Knarr, M. W-----------------Assistant to the secretary------------Grantham, J. P---------------Assistant chief auditor---------------Smith, Charles A.----------------------|----- 0 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Swift, W . E.---------------------------- Chief engineer, Drainage, Levee and
Irrigation Division.
Young, R. D--------------------------- Chief, Recording Section-------------Farrell, Edward A.----------Supervising accountant--------------Oddie, Tasker L.------------Special fieldrepresentative-----------Henry, John LSpecial representative----------------Williams, T. A----do-Armistead, Rob
Examin
Blair, Smith-----do-Johnson, L. E
--do-Lawrence, Donald E--do-Lyford, Frederic E-----------------do.-------------------------------O'Bleness, E. J.--------------------do--------------------------------Robertson, Hilton W-------------do--------------------------------Rochelle, William J.---------------do--------------------------------Seabury, R. M--------------------do--------------------------------Sullivan, Frank J.-------------------do--------------------------------Talman, Carter---------------------do--------------------------------Tigrett, A. K.-----------------------do--------------------------------Tonks, William------------------------|-----do--------------------------------Henry, Heber-----------------Counsel------------------------------Lapsley, John W-----------------------|-----do-Wolford, Albert M---------------------|----- 0 - - - - -- - - - - - oper, James H---------------Supervising engineerShields, Leighton-Counsel---------Russell, Lewis C-----------------------|-----do-Sabin, Samuel H-----------------------|----- 0 - - - - - -- Barnes, Stuart K--Assistant to Mr. Talley--------------Reilly, Edward J---------------------assistant, Agency Di-

-

Aºrative

º :

Net
salary
per month

$566.67

$538.33

566.67

538.33

566.67
541.67
541.67
541. 67
541.67
541.67
541.67
541. 67
541.67
541.67
541.67
541.67
541.67
541. 67
541.67
541. 67
541.67
541.67
541.67
533.33
525.00
516.67
500.00
500.00
500.00
500.00
500.00
500.00
500.00

538.33
514.52
514.58
514.58
514.58
514.58
514.58
514.58
514.58
514.58
514-5S
514.58
514-58
514.58
514-58
514.58
514.58
514.58
514.58
506.67
498.75
490.83
475.00
475.00
75.00
475.00
475.00
475.00
475. 00

500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
475.00
466.67
456.67
458.33
458.33

475.00
475.00
475. tºo
475.00
475.00
475.txo
475.00
475.00
75.00
475. do
475.00
475.00
475.00
475.00
475.00
475.00
475.00
475.00
475.00
475.00
475.00
451.25
443.33
443.33
435.40
435.40

475.00

v i si on .

Healey, George W---------------------- Special representative----------------Clayton, Laurance JE
in
Dickinson, R. G. ---------Giddings, William C
Mack,
A n- - -- - -- - -- -- - -- - -Mielenz, Louis M-----------Stafford, Bayard CStewart, Adelbert T
Wadden, Thomas A
Goertner, Francis B
Kannee, Henry M Luther, Forrest.-------------, W. C., Jr.-----------Bladen, W . H.-------------Lescallett, George A

458.33
458.33
458.33
458.33
458.33
458.33
458.33
458.33
458.33
450.00
450.00
450.00
450.00
450.00
450.00

435.40
435.40
435. 4d
435.40
435.40

435, 40
435, 40
435. 4d.
435.40
427.50
427. 50
427.50
427.50
27.50

427,§

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

91

T AB LE 14.—Names and compensation of directors, officers, and employees of the
Reconstruction Finance Corporation receiving from the Corporation more than

$400 per month, as of Mar. 31, 1985—Continued
W A S H I N G T O N OF FICE–Con tinued
Basic sal
ary per

Title

Name

month

.. "

Norton, John E-Drager, Walter L
Faber, Arthur LDrohan, Francis
Freund, Paul A-Rosenwald, Harol
Tracy, Fra
Coke, William HMcGinty, W . G•Collins, James H

Supervising
Assistant examiner
-----do

-oid

iefclerk--------Special representativ
Field representativeAdministrative assistant,

-

Agency

Armstrong, W . C----------------------| Counsel------------------------------Fletcher, Lloyd------------------------|-----do-------------------------Glueck, Nathan H---------------------| Attorney---------------------Randolph, Hollins N.-------------------|-----do-----------------------Stansfield, Edgar A--------------------|-----do------------------------

stewart, . H.I.I.I.I.I.I.I.I.I.I.I.I.Ido III.I.I.I.I.I.I.I.I.I.
Wilson, Robert G----------------------|-----do-----------------------, F. H--------------Engineer examiner-----Riddel, James L.--------Chief, Interest Section.-Baden, James H--------L----------

ºf:

Etheridge,Julian C---Futterer, Charles-----Henrich, William A.---Herrmann, Herbert J.-Hoover, James O------House, Perry B-----------Jenkins, Hugh Powell-----Lawrence, Thomas L-----Luce, George P
Stafford, D. N.
Strong, Albert L.
Williams, John F
Willett, William E.
Easley, Robert J.
1Mashburn, L. W - Parnell. Harvey-Ralls, Frank C
Wagner, Walter D--------------Worthington, L. S.------------Hamilton, T.A.------------------------

-

-

-

N e t sal
per m o n

$433.33

$411.67

433.33
433.33
433.33
433.33
433.33
433.33
416.67
416.67
416.67

411. 67
411. 67
411. 67
411. 67
411. 67
411. 67
395.83
395.83

416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416. 6.7
416.67
416.67
416.67
416.67
416. 67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416. 6.7
416.67
416.67

395.83
395.83

(1)

395.83

395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83

395.83
395.83
395.83

395.83
(1)

*-L O A N A G E N C I E S 1
Atlanta, Ga.:
Cocke, Erle------------------------ Manager-----------------------------Chadwell, W . A.-------------------- Assistant manager-------------------Birmingham, Ala.:
Cottingham, T. J.------------------ Manager-----------------------------Boston, Mass.:
Carney, Joseph P-----------------Jones, Ralph B------

Hagerty.John J.---

-

Scott, William N-----------------Charlotte, N. C.:
Campbell, John A., Jr.------------- Manager-----------------------------Chicago, Ill.:
Gallagher, F. D--------------------|-----do-------------------------------Black, Craig O------Assistant manager-------------------Chief, Closed Bank Division---------- - - - - - - - -

$625.00

$593.75

416.67

395.83

600.00

570.00

833.33
541. 67
500.00
458.33

791.67
514.58
475.00

500.00

475.00

833.33
625.00
625.00
625.00
625.00
625.00
550.00
500.00
500.00
500.00

791.67
593.75
593.75
593.75
593.75
593.75
522.50
475.00
475.00
475.00

on aper diem,basis at$25per day,less5percent., QompensationforJanuary,basicrate
º!Employed
less 5 º n t . $665; for February, basic rate $625, less 5 percent, $593.75; for March, basic rate $700, less
percent.

5.

*Except as herein indicated, attorneys handling legalmatters ofthe variousagenciesoftheCorporation
do not receive salaries but are paid in the customary way according to the character and volume of the
work performed and therefore are not included.

92

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 14.—Names and compensation of directors, officers, and employees of the
Reconstruction Finance Corporation recieving from the Corporation more than

$400 per month, as of Mar. 31, 1935–Continued
L O A N A GE N CI E S 1–Continued
Basic sa l
+

. #

-

Name

Title

Chicago, Ill.—Continued.
Townsend, Bruce------------------ Field representative------------------Gregson, William F-------Examiner----------------------------Mudgett, C. F------------Anderson, George S----------------|-----do-------------------------------Walters, Harold S---------Gill, Charles R---Tuohy, Arthur--Cleveland, Ohio:
Callander, F. S
Davies, M. C.---Wadsworth, J. L.--d
Killpack, James M----------Dallas, Tex.:
Andrews, Warren P---------------- Manager-----------------------------Detroit, Mich.:
ewitt, Charles H
Sherk, Charles G., Jr.-Barber, Everett W
Houston, Tex.
-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net msal:
per
ont

$500.00

$475.00

500.00
500.00
458.33
450.00
416.67
416.67

475. 0d.
475.00
435.40
427.50
395.83
395.83

750.00
541.67
500.00
500.00

712.5o
514.58
475.00
475. 0d.

700.00

665.00

625.00
458.33
416.67

593.75
435.40
395.83

ord, H. F-------------------------

500.00

475.00

Jacksonville, Fla.:
Farwell, Fred H-------------------Kansas City, Mo.:
Frank---------------------

500.00

475.00

833.33
500.00
666.67

791.67
475.00
633.33

d

*
tº. :

Jarrett, J. W----------------------- Manager-----------------------------Los Angeles, Calif.:
Scroggs, Thomas C----------------|-----do-------------------------------Sears, Jerome F-------------------- Assistant manager-------------------Louisville,
Abell, J. Fort---------------------- Manager-----------------------------Lovell M-------------- Assistant manager-------------------Minneapolis, Minn.:
Maynard, Ben C------------------- Manager-----------------------------Power, George C------------------- Assistant manager-------------------Nashville, Tenn.:
Gardenhire, J. M------------------ Manager
Assistant manager

#:

º

Manager
Assistant manag
-

-

-

-

-

-

xam iner
do----------do---------------------------------

-

-

-

Manager
- Assistant manager-- Special counsel------

-

-

Cahill, William J.---Smith, Frederick P-- Counsel--------Weinstein, Walter H
- Special assistantSandford, Clarence R.---! Chief examiner-Tyree,
- Examiner--------------Evarts, Eºffingham- Assistant agency counsel.Gale, Marland----Summers, George-Stevens, Harry I----Kavanagh, Thomas PRosen, Leo--------Barrett, F. H.Special assistantClarke, A. J., Jr.-- Office manager-Linn, Henry A.--------------------- Attorney-----------------------------Oklahoma City, Okla
Eagen, J. C. ----------------------- Manager-----------------------------Omaha, Nebr.:
Daniel, Herbert S------------------|-----do--------------------------------Philadelphia, Pa.:
Kilbourn, Jonathan F--------------|-----do--------------------Walton, Henry F., Jr.-Acting assistant managerThompson, John MOffice attorney-Gretz. Arthur A.
Exa miner
Portland, Oreg.:
Slade, E. F------------------------ Manager
-

-

-

#.

-

-

-

-

-

-

-

-

-

-

-

-

500.00

475.00

625.00
416.67

593.75
395.83

479. 17
416.67

455.20
395.83

625.00
450.00

593.75
427. 50

583.33
458.33

554.17
435.40

833.33
00
416.67
416.67
416.67

791.67
475.00
395.83
395.83
395.83

833.33
833.33
833.33
833.33
750.00
550.00
50s. 33
500.00
500.00
500.00
483. 33
458.33
433.33
416.67
416.67
416.67

833.33
833.33
791.67
791.67
712.
522. 50
482.92
475.00
475.00
475.00
459, 17
435.40
411. 67
395. S3
395.83
395.83

450.00

427.50

500.00

475.00

833, 33
416.67
500.00
441.67

791.67

450.00

427. 50

395.83
475.00

419.58

*Exceptashereinindicated,attorneyshandlinglegal mattersofthevariousagencies oftheCorporation

do not receive salaries but are paid in the customary way according to the character and volume of the
work performed and therefore are not included.

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

93

TAB LE 14.—Names and compensation of directors, officers, and employees of the
Reconstruction Finance Corporation receiving from the Corporation more than
$400 per month, as of Mar. 31, 1935–Continued
L O A N A G E N C I E S 1–Continued
Basic s al

Title

N a me

-

Richmond, Va.:
Gilmer, Henry G------------------ Manager-----------------------------Staples, E. W---------------------- Assistant managerWaters, W . Murray---------------- Chief examiner-----------------------Salt Lake City, Utah:
Smith, Elias A--------------------- Manager-----------------------------S a n Antonio, Tex.:
Meerscheidt, Otto------------------ Manager-----------------------------S a n Francisco, Calif.:
Calkins, A. A.----------------------|-----do--------------------------------McCullough, John S., Jr.----------- Assistant manager-------------------St. Louis, Mo.:
Vardaman, James K., Jr.----------- Manager-----------------------------Keller, Harold L.------------------- Assistant manager-------------------Honolulu, T. H.:
Hossack, Harry F------------------ Special representative and custodian--

º :

Net mont
sal
per

$500.00

$475.00

416.67
416.67

305.83
395.83

450.00

427. 50

500.00

475.00

750.00
416.67

712.50

833.33
450.00

791.67
427.50

600.00

570.00

395.83

* Except as herein indicated, attorneys handling legal matters of the various agencies of the Corporation
do not receive salaries but are paid in the customary way according to the character and volume ofthe work
performed and therefore are not included.

TABLE 15.-Statement of cash receipts and expenditures during the first quarter,
Jan. 1,1935,toMar.31,1935,inclusive. (Corporation’s accounts with Treasurer
of United States)

cº, balance at the close of business Dec. 31, 1934, as per the books of the
reasurer of the Corporation----------------------------------------------------------Add : Checks issued prior to Jan. 1, 1935, canceled subsequent to Dec. 31,
$28,119.83
1934-------------------------------------------------------------------A dd : Corrections of errors reported to the Treasurer subsequent to Dec.
31, 1934----------------------------------------------------------------220,256.10

$5,868,698.17

Adjusted cash balance at the close of business Dec. 31, 1934-----------------------------Receipts:
Sale of notes---------------------------------------------------------- 121,195,500.00
Repayments on loans:
To banks and trust companies (including re
ceivers)-------------------------------------- $112,654,317.27
42.328
T o credit unions--------------------------------T o building and loan associations (including re
ceivers)---------------------------------------7,295, 555.81
2,661,826, 13
T o insurance companies
T o Federal land banks--6,092,665.36
To
2,376,857.58
land banks---77,184.91
T o livestock credit corporations
16,734,428.62
T o mortgage loan companies----,633.
T o agricultural credit corporations-T o railroads-------------------------------------219,958. 24
T o processors or distributors for payment of
900.00
processing taxes-------------------------------T o State funds for insurance of deposits of public
moneys---------------------------------------478,576.95
159,258.36
T o industrial and commercial business5,273. 19
O n assets of closed banks section 5e------For self-liquidating projects (par $1,365,100)------1,364,395.34
For repair or reconstruction of property damaged
by earthquake, etc.:
Under section 201—a, act of July 21, 1932, as
55,925.28
amended----------------------------50.00
Under act of Apr. 13, 1934-------------------For financing sale of agricultural surpluses in
foreign markets-------------------------------156,724.30
For financing the carrying and orderly marketing
of agricultural commodities and livestock pro
duced in the United States:
Commodity Credit Corporation-------------- 13,401,054.66
Other-------------------------------331,606.67
1,000.00
T o drainage, levee and irrigation districts
Secured by preferred stock, insurance companies100,000.00
Secured by preferred stock, banks and trust c o m
panies-----------------------------------------288,127.9° 164,500
Preferred stock, capital note and debenture retirements
Relief disbursements (1932 act)
:
Capital reductions regional agricultural credit corporations
Sale of securities purchased from Federal Emergency Administration
28,909,
of Public Works----------

6,117,074.10

# .

-

-

-

-

.

-

- -

-

- -

-

- -

-

- -

-

- -

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

248,375.93

94

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 15.-Statement of cash receipts and expenditures during the first quarter,
Jan. 1, 1985, to Mar. 31, 1985, inclusive.

(Corporation's accounts with Treasurer

of United States)—Continued
Receipts—Continued.
Interest and discount collected.--------------------------------------- $16,324,523.67
Dividends collected on preferred st
on interim receipts)------------------------9,900,403.91
Interest collected on capital notes and debentu
4,639,881.35
Accrued interest on notes sold.---------------36,246.02
Premium on notes sold.---------389,843.24
341.020.69
Reimbursable expense collected.-----------------Repayments on advances for care and preservation of collateral207,025.34
Collections on collateral (cash collateral)-----------------------------17,901.47
Collections on collateral purchased.----------------------------------189,597.23
Premium on securities sold------------------------------------------65,000.00
Remittances held in suspense---------------------------------------- 11,114,553.94
Unallocated-pending advices---------------------------------------4,740,455.46
Miscellaneous (including amounts credited in error).----------------127,876.57
-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

$372,714,239.85
378,831,313.95.
Expenditures:
Retirement of notes-------------------------------------------------- $149,093,000.00
Loan disbursements:
To banks and trust companies (including re
ceivers)---------------------------------------- $31, 189,
T o building and loan associations7
T o insurance companies--------T o mortgage loan companies-T o railroads (including receivers)---------To borrowers engaged in the fishing industry
T o industrial and commercial business----6,274
O n assets of closed banks, section 5e.
For self-liquidating projects (par $11,635,500).----1
For repair or reconstruction of property damaged
by earthquake, etc.:
Under section 201a, act of July 21, 1932, as
33,371.18
amended
Under act of Apr. 13, 1934-------------------64,900.00
For financing sale of agricultural surpluses in
foreign markets----------------16, 190.81
For financing the carrying and orderly marketing
of agricultural commodities and livestock pro
duced in the United States:
Commodity Credit Corporation-19,613,886.32
Other---------------------------1,460,200.38
T o drainage, levee and irrigation districts-------8,994,589.00
Secured by preferred stock, banks and trust c o m
panies-----------------------------------------1,406,555.00
—
93,808, 195.81
- -

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases ofpreferred stock, capital notes and debentures, banks and
trust companies---------------------------------------------------Capital increases regional agricultural credit corporations------------Purchases of securities from Federal Emergency Administration of

50,255,300.00
325,000.00

Public Works------------------------------------------------------

45,249,650.63

Allocations to other Government agencies:
For expenses regional agricultural credit corpora
tions (under Farm Credit Administration).----For expenses Federal Emegency Relief Adminis

$969,250.00

tration-----------------------------------------

7,405. 55

For relief:
To States on certification of Federal E m e r
gency Relief Administrator---Under Emergency Appropriation Act, 1935.--

398,085.00
30,000,000.00

-

-

-

-

-

-

-

-

31,374,740.56
Advances for care and preservation of collateral---------------------Refund of interest and dividend overpayments.
Release of cash collateral------------------Interest on cash collateral to rediscounts-Discount rebates and re und of unearned discount-------------Release of funds held in suspense-------Interest on notes---------------------Accrued interest on securities purchased
Furniture and fixtures----------------------------------------------Expense:
General---------------------------------------------------------Loan agency
-

Custodian---------Re imb ur sab le ex

Miscellaneous (
credited in error)

-

434.809. 14

768,012.39
78,786.24
2,371.73
13,932.56
1,389,539.39
1,665, 547.78
220,941.79
16,250.45
1,152,058.06
936,440.69
508,360.64
293,170.57
190,019.81
377,776,228.24

Cash balance at the close of business Mar. 31, 1935---------------------------------------

1,055,085.71

Note: In addition to funds on deposit with the Treasurer ofthe United States, Custodian banks held in

suspensefunds which amounted to$44,523.27atthecloseofbusiness Dec. 31, 1934and $92,061.60atthe close
of business Mar. 31, 1935.

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

95

TABLE 16.-Statement of condition of the Corporation as of the close of business,
Mar. 31, 1935
assets

Cash on deposit with Treasurer of United States-----------------------------------Fun ds held in suspense by custodian banks------------------------------Petty cash funds, travel and other advances---Allocated for expenses regional agricultural credit corporations prior to M a y 27, 1
Allocated for expenses regional agricultural credit corporations since M a y 26, 1933 (
Farm Credit Administration)
Allocated for Federal Emergency Relief Ad mi
(
f Act)
Allocated for Federal Emergency Relief Administration (under Emergency Appr
Act of 1939) --------------------------------------------------------------------------Allocated to Secretary of Treasury -----Allocated to Secretary of Treasury"-----------------------------------------------------Allocated to Land Bank Commissioner ------------------Less—reallocated to Federal Farm Mortgage Corporation.------------ 55,000,000.00
– 245,000,000.00
Allocated to Federal Farm Mortgage Corporation---------------------------------------- 55,000,000.00
Allocated to Federal Housing Administrator *---25,000,000.00
Allocated to Secretary of Agriculture *
Less—reallocated as capital regional agricultural
credit corporations---------------------------------- $44,500,000.00
Reallocated to governor of Farm Credit Administra
tion-----------------------------------------------40,500,000.00
85,000,000.00
—
115,000,000.00
Capital regional agriculturalcreditcorporations------------------------------------------ 44,500,000.00
Allocated to governor Farm Credit Administration--------------------------------------- 40, 500,000.00
-

-

-

-

-

-

* Title II of the “Emergency Appropriation Act, fiscal year 1935,” approved June 19, 1934, provides:
*** * * That not exceeding $500,000,000 in the aggregate of any savings or unobligated balances in funds
of the Reconstruction Finance Corporation may, in the discretion of the President, be transferred and
applied to the purposes of the Federal Emergency ReliefAct of 1933 and/or title II of the National Indus

trial Recovery Act, * * *.” Under the above act the Corporation to and including Mar. 31,1935, had
transferred $500,000,000 to the Federal Emergency Relief Administration.
Act, as amended by the Federal H o m e Loan Bank
* Sec. 2 of the Reconstruction Finance
Act, provides that “in order to enable the Secretary of the Treasury to make
upon stock of
Federal H o m e Loan Banks subscribed for by him in accordance with the Federal H o m e Loan Bank Act
the sum of $125,000,000 or so mu ch thereof as m a y be necessary for such purpose, is hereby allocated and
m a d e available to the Secretary of the Treasury out of the capital of the Corporation and/or the proceeds
of notes, debentures, bonds, and other obligations issued by the Corporation.” The amount of such stock
subscribed for by the Secretary of the Treasury is$124,741,000.
* Sec. 4 – b of the H o m e Owners Loan Act of 1933, provides that “the Board (Federal H o m e Loan Bank
Board) shall determine the mi ni mu m amount of capital stock of the Corporation (Home Owners' Loan
Corporation) and isauthorized to increase such capital stock from time to time in such amounts as m a y be
necessary, but not to exceed in the aggregate $200,000,000. Such stock shall be subscribed for by the Secre
tary ofthe Treasury on behalf ofthe United States, and payments forsuch subscriptions shall be subject to
call in whole or in part by the board and shall be made at such time or times as the Secretary of the Treasury
deems advisable. * * * In order to enable the Secretary of the Treasury to make such payments when
called, the Reconstruction Finance Corporation isauthorized and directed to allocate and make available
to the Secretary ofthe Treasury the sum of$200,000,000, or so much thereof as m a y be necessary, and for such
urpose the amount of notes, bonds, debentures, or other such obligations which the Reconstruction
inance Corporation isauthorized and empowered under sec. 9 of the Reconstruction Finance Corporation
Act, as amended, to have outstanding at any time, is hereby increased by such amounts as m ay be nec
.” The amount ofsuch stock subscribed for by the Secretary of the Treasury is$200,000,000.

§ § .

º

*Sec.30(a)oftheEmergency Farm MortgageActof1933made$100,000,000availabletotheFarm Loan

(now Land Bank) Commissioner for loans to joint-stock land banks. Sec.32ofthe same act made $200,
000,000 available to the Farm Loan (now Land Bank) Commissioner for direct loans to farmers. Of the
a mount made available under sec. 32, $145,000,000 was paid to the Land Bank Commissioner and the
balance, $55,000,000, was reallocated and paid to the Federal Farm Mortgage Corporation under sec. 3 of
the Federal Farm Mortgage Corporation Act.
*Under the provisions of sec. 4 of the National Housing Act of 1934 which states that “the Reconstruc

tion Finance Corporation shall make available to the Administrator such funds as he may deem neces
sary", $25,000,000 has been paid to the Federal Housing Administrator.
*Sec. 2 of the Reconstruction Finance Corporation Act, as amended, made available to the Secretary

of Agriculture$200,000,000. Of thisamount $135,000,000was paid tohim ofwhich $20,000,000was returned
to the Corporation. Of the $85,000,000difference $44,500,000 was reallocated and disbursed as capital of
the Regional Agricultural Credit Corporations (sec. 201 (e) Emergency Relief and Construction Act of
1932). The remainder, $40,500,000, was made available and has been paid to the Governor of the Farm
Credit Administration, pursuant to the provisions of sec. 5 (a) (1) of the Farm Credit Act of 1933.

96

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 16.-Statement of condition of the Corporation as of the close of businesse
Mar. 31, 1985—Continued
ASSETs—continued
Loans under section 5:
Proceeds disbursed (less repayments):
Banks and trust companies "------------------------------------- $538, 430,591. 19
Credit unions---------------------343, 129.44
Building and loan associations 712,281, 140.34
Insurance companies---------------------22,034,776. 16
Federal land banks------------------------72,318,431.58
Joint-stock land banks---------------------4,077,973. 14
Livestock credit corporations
Mortgage loan companies "-----Agricultural credit corporations,739,33
Railroads (including receivers)---------------------380, 198,755.91
Processors or distributors for payment of processing taxe
567.68
Borrowers engaged in the fishing industry----------------------52,500.00
$1,183,650,878.06
Proceeds not yet disbursed:
Banks and trust companies 7----------------- 115,396, 108.01
Building and loan association
21,298,319. 11
Insurance companies-135,359.46
Joint-stock land banks00
Mortgage loan companies "---------------96,435,3s2.si
Agricultural credit corporations.
26.760.67
Railroads (including receivers).--------153,252.00
Borrowers engaged in the fishing industry-----------------------57,000.00
—
234,104, 582.06
Loans to industrial and commercial business:
Proceeds disbursed (less repayments)-----------------------------------------------12,740, 192.30
Proceeds not yet disbursed.----------------------------------------------------------- 26,006,574.45
Loans to mining, milling and smelting business:
Proceeds not yet disbursed.---------------------------------------------------------608,000.00
Loans on assets of closed banks, section 5e:
Proceeds disbursed (less repayments)-----------------------------------------------149 722.72
Proceeds not yet disbursed.----------------------------------------------------------324,653. 24
Loans and contracts for self-liquidating projects:
Proceeds disbursed (less repayments) (par $126,342,000)------------------------------ 124,622,551.47
Proceeds not yet disbursed (par $90,200,000)
89,061, 579.98
Loans for repair or reconstruction of property damaged by earthquake, etc.:
Proceeds disbursed (less repayments)
Proceeds not yet disbursed
Loans under section 201-c, for financing sale ofagricultural surpluses in foreign markets:
Proceeds disbursed (less repayments)
14,953,356.30
Proceeds not yet disbursed----------------------------------------------------------3,078, 414.39
Loans for financing the carrying and orderly marketing of agricultural commodities and
livestock produced in the United States:
Proceeds disbursed (less repayments)------------------------------------------------ 44,883, 190 40
Proceeds not yet disbursed.----------------------------------------------------------- 370,049,978. 55
Loans to drainage, levee and irrigation districts:
Proceeds disbursed (less repayments)----------------21,291,768.87
Proceeds not yet disbursed.--61,330,040.07
Loans secured by preferred stock, insur
Proceeds disbursed (less repayments).----------------------------------------------29,933,000.00
Loans secured
preferred stock, banks and trust companies:
Proceeds disbursed (lessrepayments)
Proceeds not yet disbursed.----------------------------------------------------------Relief authorizations (1932 act):
Proceeds disbursed (less repayments)------------------------------------------------ 297,710, 558.
Proceeds not yet disbursed
15,001.00
Stock, the R F C Mortgage Co., subscription authorized
10,000,000.00
Preferred stock, banks and trust companies:
Purchased (less retirements)
Subscriptions authorized
Preferred stock-insurance company, purchased
Capital notes and debentures, banks and trust companies:
Purchased (less retirements)--------------------------------------------------------- 254,665,600.00
Subscriptions authorized
500.00
Purchases ofsecurities from Federal Emergency Administration of Public Works:
Purchases consummated (lesssales
17,490,000.00
Purchases authorized but not yet consummated.------------------------------------1,345,000.00
Advances for care and preservation of collateral:
Proceeds disbursed (less repayments)-----------------------------------------------357,773.99
not yet disbursed----------------------------------------------------------188, 173.73
-

-

-

-

-

É.

-

-

-

-

7 Loans under sec. (5) of the Reconstruction Finance Corporation Act to aid in the reorganization or

liquidation ofclosedinstitutionshave beenauthorized intheaggregate amount of$1,091,656,582.16,ofwhich
$160,466,319.95 has been canceled. After taking into consideration repayments of $424,589,530.02, items (7)
ofthe balance sheet include the balance of$371,919,399.26
proceeds disbursed (lessrepayments)

º

and $134,681,332.93 representing proceeds not yet disbursed, exclusive of$8,625,000loans approved in prin
ciple upon the performance of specified conditions.

-

REPORT

OF

RECONSTRUCTION

FINANCE

97

CORPORATION

TABLE 16.-Statement of condition of the Corporation as of the close of business,
Mar. 31, 1935—Continued
Assets—continued

Collateralpurchased (costlessproceeds of liquidation).---Accrued interest and dividends receivable------------Reimbursable expense-------------------------------------------------------------------Furniture and fixtures------$659,800.67
Less allowances for depreciation-------------------------------------147,845.83

$1,553,425.60
33,256,312.87
510,798.99

-

Miscellaneous disbursements-------------------------------------------------------------

511,954.84
71,289.45

Total.------------------------------------------------------------------------------

5,452,090,763. 17

-

º

Payable oncertificate of Federal
Payable to Secretary of the Treasury (2)
Payable to Land Bank Commissioner (4)

§ .

Relief Administration (1933 ReliefAct)

6,462.78
43,095,300.00
97,400,000.00

by Farm Credit Administration forexpensesof Regional Agricultural CreditCor

rations------------------------------------------------------------------------------1,920,744.27
Liability for funds held as cash collateral------------------------------------------------295,780.23
Proceeds not yet disbursed:
Loans under section 5----------------------234,104, 582.06
Loans to industrial and commercial business----------------------------------------- 26,006, 574.45
Loans to mining, milling and smelting business608,000.00
Loans on assets of closed banks, section 5e------324,653.24
Loans and contracts for self-liquidating projects--89,061, 579.98
Loans for repair or reconstruction of property da
ed by earthquake, etc.----------3,437,836.86
Loans undersection 201—c.,forfinancing saleofagricultural surpluses in foreign markets.
3,078,414.39
Loans for financing the carrying and orderly marketing of agricultural commodities
and livestock produced in the United States---------------------------------------- 370,049,978. 55
Loans to drainage, levee and irrigation districts-----------61,330,040. 07
Loans secured by preferred stock, banks and trust companies680,850.00
Relief authorizations (1932 act)----------------------------15,001.00
Advances for care and preservation of collateral-------------------------------------188, 173.73
Subscription authorizations:
Stock, the R F C Mortgage Co---------------------------------------------------- 10,000,000.00
Preferred stock, banks and trust companies-----27, 198,460.00
Capital notes and debentures, banks and trust companies------------------- 65,585,500.00
Purchases of securities from Federal Emergency Administration of Public Works
authorized
1,345,000.00
Cash receipts not allocated pending advices---------------------4,740, 455.46
Miscellaneous liabilities (including suspense).--8,532,884.37
Liability for funds held pending adjustment--215.96
Unearned discount--------------------------------------179,988.33
Interest and dividends refunds and rebates payable
176,271.47
Interest accrued-------------------------------------------------------------------------24,976,392.73
Deferred credits:
Income on collateral purchased.--------------------------------------Premium on sale of notes--------------------------------------------428,291.02
-

-

-

-

- -

Notes, series D, DA, E, G, and H
Capital stock-----Surplus Dec. 31, 1934----------------------------------------------------Reserve for self insurance------------------------------------------------Surplus adjustment---------------------------------------------------------------------Interest and dividends earned lessinterestand expenses (Jan. 1,1935 through Mar. 31, 1935).
Total.---------

29

5,500,838.80
5,452,090,763. 17

In addition to loans and other authorizations reflected on the statement ofcondition, the Corporation

has approved in principle loans in the amount of$117,544,275.82 and purchases.of preferred stock and
debentures in the amount of $55,233,680.41 upon the performance of specified conditions.

This statement ofcondition does not take into consideration expenditures incurred but not paid by the
Corporation at the closeofbusiness Mar. 31, 1935, nor income ofregional agricultural credit corporations
whose capital stock was subscribed by the Corporation.

O

H. Doc. 215, 7 4 – 1 — 7