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REPORT OF THE RECONSTRUCTION FINANCE CORPORATION FOR THE FIRST QUARTER OF 1937, ETC.

LETTER FROM THE CHAIRMAN OF THE RECONSTRUCTION FI-

NANCE CORPORATION TRANSMITTING A REPORT COVERING
THE OPERATIONS OF THE RECONSTRUCTION FINANCE CORPOR-

ATION FOR THE FIRST QUARTER OF 1937, AND FOR THE PERIOD
FROM THE ORGANIZATION OF THE CORPORATION ON FEBRUARY 2, 1932, TO MARCH 31, 1987, INCLUSIVE

Jun 23, 1937.-Referred to the Committee on Banking and Currency and ordered
to be printed.

RECONSTRUCTION FINANCE CORPORATION,

Washington, June 21, 1937.
The SPEAKER OF THE HousE oF REPRESENTATIVES.
Srn: Pursuant to the provisions of section 15 of the Reconstruction
Finance Corporation Act, as amended, the Reconstruction Finance
Corporation has the honor to submit the following report covering
its operations for the first quarter of 1937, and for the period from the
organization of the Corporation on February 2, 1932, to March 31,
1937, inclusive.
OPERATIONS--FIRST QUARTER OF 1937

During the first quarter of 1937 the operations of the Corporation
'\lrere as follows:
Under section 5 of the Reconstruction Finance Corporation Act,
as amended, 111 loans were authorized, which, together with increasesin loans previously approved, aggregated $38,635,549.38, as follows:
$28,959,890.88 to banks and trust companies (including $28,625,087.45
to aid in the reorganization or liquidation of closed banks); $321,017.93
to the receivers of a building and loan association; $3,802,913.29 to
mortg-age loan companies; $466,000 to joint-stock land banks;
$30,727.28 to an agricultural credit corporation; $5,000,000 to a railroad; and $55,000 to a borrower engaged in the fishing industry.
[nder section 5c of the Reconstruction Finance Corporation Act,
as amended, a subscription for stock of a mortgage loan company in
the amount of $5,000,000 was authorized.
l" ndcr section 5d of the Reconstruction Finance Corporation Act,
as amended, the Corporation made 89 authorizations to industrial or
commercial business. These authorizations, together with increases
1113608-37-1
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REPORT OF RECONSTRUCTION FINANCE CORPORATION

in authorizations previously made, aggregated $7,834,842.93, as follows: loans, $6,661,859.60; purchases of participations, $816,333.33;
and agreements to purchase participations, $356,650.
Under section 5e of the Reconstruction Finance Corporation Act,
as amended, 10 loans on the assets of closed banks and trust companies
were authorized, which, together with an increase in a loan previously
approved, aggregated $335,004.52.
.
Under the Emergency Relief and Construction Act of 1932, as ,
amended, two loans were authorized, aggregating $405,000, as follows: ·
Under section 201 (a) (1), title II, one loan in the amount of $5,000;
and under section 201 (d), title II, one loan in the amount of $400,000.
Under section 304, title III, of the act approved March 9, 1933, as
amended, the Corporation made 12 authorizations. These authorizations, together with an increase in an authorization previously made,
aggregated $26,097,500, as follows: Loan on the preferred stock of a
bank, $100,000; subscriptions for preferred stock of banks, $25,977,500,
and purchases of capital notes or debentures of banks, $20,000.
Under section 36, title II, of the Emergency Farm Mortgage Act
of 1933, as amended, 69 loans to or for the benefit of drainage, levee,
irrigation, and similar districts, etc., were authorized, which, together
with increases in loans previously approved, aggregated $4,693,431.76.
Under the act approved April 13, 1934, as amended, 13 loans to
finance the repair of damage by earthquake, flood, or other catastrophe
were authorized, which, together with increases in loans previously
approved, aggregated $43,725.
Under section 14 of the act approved June 19, 1934, as amended,
which empowers the Corporation to make mining loans, etc., nine
loans aggregating $963,000 were authorized.
Under the act approved August 24, 1935, two loans to tax-supported
public-school districts, or other similar authorities in charge of public
schools, aggregating $168,500 were authorized.
Summarizing the foregoing, 318 authorizations were made during
the first quarter of 1937. These, together with increases in authorizations previously made, aggregated $84,176,553.59. Cancelations or
withdrawals aggregated $126,418,004.55.
Disbursements during the first quarter of 1937 were $80,258,157.39;
and repayments, $150,874,182.69. The decrease in the amount outstanding on March 31, 1937, as compared with December 31, 1936,
was $70,616,025.30.
OPERATIONS-FEBRUARY 2 1 1932 1 TO MARCH 31 1 1937 7 INCLUSIVE

During the entire period from the organization of the Corporation
on February 2, 1932, to March 31, 1937, inclusive, the following were
authorized:
Under section 5 of the Reconstruction Finance Corporation
Act, as amended, 19,432 loans to 9,127 institutions, aggregating
$4,488,513,352.57, were authorized, as follows: $2,462,453,535.38, to
7,367 banks and trust companies (including $1,122,490,906.82 to aid
in the reorganization or liquidation of closed banks); $146,297,731.18,
to 1,011 building and loan associations (including $24,393,087.14
to receivers of closed building and loan associations); $103,006,858.28,
to 133 insurance companies; $500,858,839.15, to 409 mortgage loan
companies; $642,967.80, to 7 credit unions; $399,636,000, to 12

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REPORT OF RECONSTRUCTION FINANCE CORPORATION

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Federal land banks (including $193,618,000 representing refinancing
of loans previously made by the Corporation to Federal land banks
for different individual amounts but in the same aggregate amount);
$24,221,572.68, to 26 joint-stock land banks; $9,250,000, to 8 Federal
intermediate credit banks; $6,120,867.59, to 20 agricultural credit
corporations; $178,840,452.48 (rediscounts), to 12 regional agricultural credit corporations and their branches; $14,758,827.88, to 20
livestock credit corporations; $628,519,795, to 74 railroads (including
$18,946,708 to railroad receivers and $5,719,252 to trustees of railroads); $26,089.27, to 7 processors or distributors to pay processing
taxes; $13,087,715.88, to a State fund created for the purpose of
insuring repayment of deposits of public moneys; and $792,100, to
20 borrowers engaged in the fishing industry.
Under section 5c of the Reconstruction Finance Corporation Act, as
amended, five subscriptions for capital stock of three mortgage loan
companies, a~gregating $26,750,000, were authorized.
Under section 5d of the Reconstruction Finance Corporation Act, as
amended, 2,321 authorizations to 2,097 industrial or commercial businesses, aggregating $152,231,531.62, were made as follows: Loans in
the amount of $132,482,958.73 to 1,757 businesses; purchases of participations in the amount of $12,857,379 .16 in loans to 229 businesses;
and agreements to purchase partieipations in the amount of $6,891,193.73 in loans to 111 businesses.
Under section 5e of the Reconstruction Finance Corporation Act, as
amended, 123 loans, aggregating $13,426,492.18, on the assets of 122
closed banks and trust companies, were authorized.
Under the Emergency Relief and Construction Act of 1932, as
amended, 816 authorizations to 331 applicants, aggregating $2,010,686,120.65, were made as follows: Under section 1, title I, $300,000,000
was made available to 42 States and 2 Territories for purposes of relief
and work relief; under section 201 (a), title II, as amended, loans or
contracts aggregating $339,217,487.36 were authorized to 176 applicants for self-liquidating projects, and loans aggregating $10,450,000
were authorized to six applicants for financing the repair or reconstruction of buildings damaged by earthquake, fire, tornado, or cyclone in
1933; under section 201 (c), title II, loans aggregating $53,370,955.22
were authorized to three applicants for the purpose of financing sales
in foreign markets of agricultural surpluses; and under section 201 (d),
title II, loans aggregating $1,307,647,678.07 were authorized to 102
applicants to aid in financing the carrying and orderly marketing of
agricultural commodities hnd livestock, produced in the United States
(includin~ authorizations of $1,222,108,664.99 to Commodity Credit
Corporation).
Under section 304, title III, of the act approved March 9, 1933, as
amended, 8,500 loans on and subscriptions for preferred stock, and
purchases of capital notes or debentures, of 6,822 banks and trust
companies, aggregating $1,270,565,389, were authorized, as follows:
Loans secured by preferred stock of 272 banks and trust companies,
$23,374,755 ; subscriptions for preferred stock of 4,077 banks and trust
companies, $816,733,634; and purchases of capital notes or debentures
of 2,855 banks and trust companies, $430,457,000.
Under section 5, title I, of the Agricultural Adjustment Act of 1933,
as a.mended, two loans to the Secretary of Agriculture to acquire cotton
aggregating $23,500,000, were authorized. Of this amount $20,200,000
was canceled.
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REPOHT OF HECO.NSTHUCTION FINANCE CORPORATION

Under section 1 of the act approved June 10, 1933, as amended,
1 subscription for, and 11 loans on, the preferred stock of 10 insurance
companies, aggregating $34,375,000, were authorized, as follows:
Loans secured by preferred stock of nine insurance companies,
$34,275,000; and a subscription for preferred stock of one insurllllce
company, $100,000.
Under section 36, title II, of the Emergency Farm Mortgage Act
of 1933, as amended, 803 loans to or for the benefit of 612 drainage,
levee, irrigation, and similar districts, etc., aggregating $130,891,033.25
were authorized.
Under the act approved April 13, 1934, as amended, 687 loans to
656 borrowers to finance the repair of damage by earthquake, flood, or
other catastrophe, aggregating $5,696,988.75, were authorized.
Under section 14 of the act approved June 19, 1934, as amended,
114 loans to 108 borrowers engaged in the business of mining, milling,
or smelting of ores, etc., aggregating $10,600,500, were authorized.
Under section 16 of the act approved June 19, 1934, as amended,
one loan of $22,500,000 for the purpose of payment of teachers' salaries
was authorized. Of this amount $200,000 was canceled.
Under the act approved August 24, 1935, 26 loans to 26 tax-supported public-school districts or other similar public-school authorities
m charge of public schools, aggregating $2,006,800, were authorized.
Under section 3 (a) of the Rural Electrification Act of 1936, one loan
in the amount of $1,000,000 was authorized.
Summarizing the foregoing, authorizations aggregating $8,192,743,208.02 were made during the period from February 2, 1932, to
March 31, 1937, inclusive. Of this amount, $1,378,348,596.21 was
-later withdrawn or canceled, and $6,245,281,775.57 was disbursed.
Repayments amounted to $4,180,339,476.64, leaving $2,064,942,298.93
outstanding on the books of the Corporation at the close of March
31, 1937.
In addition, the Corporation had outstanding on March 31, 1937,
agreements to make authorizations, totaling $194,931,070.02, upon the
performance of specified conditions.
PAYMENTS TO THE SECRETARY OF THE TREASURY

Under section 2 of the Reconstruction Finance Corporation Act, as
amended by section 6 (f) of the Federal Home Loan Bank Act, and
pursuant to the request of the Secretary of the Treasury, the Corporation during the first quarter of 1937, paid $2,136,700 to the Secretary
of the Treasury to enable him to make payments upon stock of
Federal home-loan banks subscribed for by him. This made a total
of $120,006,100 so paid through March 31, 1937.
PAYMENTS UNDER

FEDERAL

EMERGENCY

RELIEF

ACT OF

1933

Under section 2 (a) and section 6 of the Federal Emergency Relief
Act of 1933 the Corporation during the first quarter of 1937 paid
$341. 76 to the Federal Emergency Relief Administrator for expenses
necessary to carry out the provisions of that act, and received refunds
amounting to $350 of expenses previously paid, making a net total of
$349,930.89 so paid through March 31, 1937. Upon certification of
the Federal Emergency Relief Administrator, the Corporation, under
the provisions of the act mentioned, had made payments for relief
aggregating $499,650,000 through March 31, 1937.
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REPORT OF RECONS'£RUCTION FINANCE CORPORATION

5

SECURITIES PURCHASED FROM FEDERAL EMERGENCY ADMINISTRATION
OF PUBLIC WORKS

Und~r the Emergency Appropriation Act, fiscal year 1935, approved
June 19, 1934, the Corporation during the first quarter of 1937 agreed
to purchase $10,521,350, net face amount, of marketable securities
from the Federal Emergency Administration of Public Works to be
held and collected or sold at a later date.
From June 19, 1934, to March 31, 1937, inclusive, the Corporation
purchased from the Federal Emergency Administration of Public
Works securities having a par value of $488,197,421.47. Of this
amount, securities having a par value of $353,911,909.47 were sold at
a premium of $10,739,082.52 (including securities having a par value
of $51,294,000 sold to issuers prior ·to maturity at a premium of
$327,375.74). Securities having par value of $12,663,272, purchased
from the Federal Emergency Administration of Public Works, were
subsequently collected at maturity and securities having par value of
$121,622,240 were held at the close of business March 31, 1937. In
addition, the Corporation had agreed to purchase at par, to be held
and collected or sold at a later date, such part of securities having an
aggregate par value of $71,057,500 as the Federal Emergency Administration of Public Works is in a position to deliver from time to time.
PAYMENTS TO THE FEDERAL HOUSING ADMINISTRATOR

Under section 4, title I, of the National Housing Act approved
June 27, 1934, the Corporation during the first quarter of 1937 paid
$4,000,000 to the Federal Housing Administrator. This made a total
of $50,000,000 so paid through March 31, 1937.
DISASTER LOAN CORPORATION

The act approved February 11, 1937, created a Disaster Loan
Corporation with nonassessable capital stock in an amount not to
exceed $20,000,000. Such Corporation is empowered to make, upon
such terms and conditions and in such manner as it ma;v prescribe,
such loans as it may determine to be necessary or appropnate because
of floods or other catastrophes in the year 1937.
The Reconstruction Finance Corporation is authorized and directed
by the act to subscribe for the capital stock of Disaster Loan Corporation and to make payment therefor, from time to time as called,
out of the unexpended balance of the $50,000,000 which the Reconstruction Finance Corporation was authorized to lend for catastrophe
relief by section 1 of the act of April 17, 1936. Under such authority,
the Reconstruction Finance Corporation during the first quarter of
1937 subscribed and paid for $2,000,000 of the capital stock of Disaster
Loan Corporation. The Reconstruction Finance Corporation will
subscribe and pay for additional capital stock as called for by Disaster
Loan Corporation.
The act provides that Disaster Loan Corporation shall be managed
by officers and agents to be appointed by the Reconstruction Finance
Corporation under such rules and regulations as the Board of Directors
of the Reconstruction Finance Corporation may prescribe.

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REPORT OF Rl~CONSTRUC'rION FINANCE CORPORATION
NOTES OF THE RECONSTRUCTION FINANCE CORPORATION

During the first quarter of 1937, the Corporation sold $10,000,000
series L--3 notes; $60,000,000 series L--4 notes to the Secretary of the
Treasury; and $360,000 series K notes to institutions from which it
purchased preferred stock, capital notes, or debentures; redeemed its
series L--2 notes to the extent of $55,000,000; redeemed e.nd canceled
$65,000,000 of its series L--4 notes; and $900,000 of its series H notes.
As of March 31, 1937, there were outstanding $3,886,184,666.67
of the Corporation's notes, as follows:
Series
Series
Series
Series
Series

H ______________________________________________ _
$85, 478, 000. 00
K ______________________________________________ _
165,706,666.67
L-1 ____________________________________________ _
L-2 _______________________ · ____________________ _ 2,640,000,000.00
980, 000, 000. 00
L-3 ____________________________________________ _
15,000,000. 00
Tota.L __________________________________________ 3,886,184,666.67

The following tables are attached:
1. Aggregate loan and other authorizations, purchases of securities from
Public Works Administration, a.nd a.lloca.tions to other Governmental agencies,
by classes, from February 2, 1932, to March 31, 1937, inclusive, and commitments outstanding, by classes, as of March 31, 1937.
TABLE 2. Aggregate loan a.nd other authorizations, by classes, during the first
quarter of 1937.
TABLE 3. Number of authorizations, and number of new borrowers, etc., to which
authorizations were ma.de, by States, during the first quarter of 1937.
TABLE 4. Number of authorizations and borrowers, to which authorizations were
made; and a.mount of authorizations, withdrawals, or cancelations, and disbursements from February 2, 1932, to March 31, 1937, inclusive, by States.
TABLE 5. Loan and other authorizations, by character of loans, etc., from February 2, 1932, to March 31, 1937, inclusive.
'.I' ABLE 6. Amount of authorizations, disbursements, repayments, and a.mounts
outstanding from February 2, 1932, to March 31, 1937, inclusive, by classes
and months.
TABLE 7. Loans to aid in the reorganization or liquidation of closed banks and
trust companies from February 2, 1932, to March 31, 1937, inclusive, by States
(includes loans to receivers, liquidating agents, and conservators, and loans
through mortgage loan companies to a.id in the reorganization or liquidation
of closed banks, under sec. 5 of the Reconstruction Fina.nee Corporation Act,
as a.mended; a.nd loans on the assets of closed banks and trust companies under
sec. 5e of the Reconstruction Finance Corporation Act, as a.mended).
'TABLE 8. Loans on and purchases of preferred stock, and purchases of capital
notes or debentures, of banks a.nd trust companies, disbursed from March 9,
1933, to March 31, 1937, inclusive; and outstanding as of March 31, 1937
(under sec. 304, title III, of the act approved Mar. 9, 1933, as amended).
'TABLE 9. Loans authorized (and commitments outstanding as of Mar. 31, 1937)
to industrial or commercial business under section 5d of the Reconstruction
Fina.nee Corporation Act, as a.mended (including purchases of participations,
and agreements to purchase participations, in loans), by size of loans, from
June 19, 1934, to March 31, 1937, inclusive.
TABLE 10. Loans authorized (and commitments outstanding as of Mar. 31, 1937)
to industrial or commercial business under section 5d of the Reconstruction
Finance Corporation Act, a.s amended (including purchases of participations,
and agreements to purchase participations, in loans), by industries, from June
19, 1934, to March 31, 19371 inclusive.
TABLE 11. Loans on self-liquidating projects, by types of project (under sec. 201
(a.), title II, of the Emergency Relief and Construction Act of 1932, a.s a.mended),
from February 2, 1932, to March 31, 1937, inclusive.
TABLE 12. Number of borrowers and a.mounts of loans authorized under section
5 of the Reconstruction Finance Corporation Act, as a.mended, from February
2, 1932, to March 31, 1937, inclusive, by size of cities or towns.
TABLE

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REPORT OF RECONSTRUCTION FINANCE CORPORATION

7

13. Names and compensation of directors, officers, and employees of the
Reconstruction Finance Corporation receiving from the Corporation more than
$400 per month, as of March 31, 1937.
TABLE 14. Statement of cash receipts and expenditures during the first quarter,
January 1, 1937, to March 31, 1937, inclusive (Corporation's accounts with
Treasurer of United States).
TABLE 15. Statement of condition as of the close of business, March 31, 1937.

TABLE.

Res pee tfully 1

JESSE H. JONES, Chairman.
GEORGE R. CooKSEY1 Secretary.

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1.-Aggregate loan and other authorizations, purchases of securities from Public Works Administration, and allocations to other govern- 00
mental agencies, by classes, from Feb. 2, 1932, to Mar. 31, 1937, inclusive, and commitmenls outstanding, by classes, as of Mar. 31, 1937

TABLE

PART I. LOAN AND OTHER AUTHORIZATIONS
Withdrawn or
canceled

Authorized

Total, banks and trust companies

______

~t:~~~~~:::::::::: ::::::::::::::::::::::::::::::::: :::::::::::::: ::::::::: :::
Total, building and loan associations_ __ ____ _______________________________ __

(1)
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Outstanding as or
Mar. 31, 1937

1

455,234,189.41

$823,937,105.561 $758,720,311.14
1,143,206,025.36 I, 030, 106,960. 35

$65, 216, 794. 42
113, 099, 065. OJ

I, 967. 143,130.92

178, 315, 859. 43

:t b! , __2~_:_;_!!_·___,______

146, 297. 731. 18

Repaid

I

879. 25
, 653. 98

2, 000, 189. 96
114, 558, 990. 06

28,817, 533. 23

116, 559, 180. 02

I, 788,827,271.49

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Insurance companies---- ----- ---------------------------------------- --- ------- --1

103,006,858. 281

Mortgage loan companies:
To aid in the r eor ganization or liqui d ation or closed banks __________________ __
To
commercial
business ___ -- -___
---- -- -- - - ----------- ------_
To industrial
The RFC or
Mortgage
Co _______________
_______________
_____ ----_____ -_______
Others __ _______ ________ ____ _____ ___ ____ _____ ______ __ __ _______ _____ ___ ____ ____ _

119,214,089.59
1~. 422,275.00
36, 959, 139. 94
328, 263, 334. 62

17,182,490.51
10,720,439.85

T otal, mortgage loan companies _____ -- ---- ----- -------------- -- ------ --- ---

500,858,839.15

-----------------27,717, 93 1. 48

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1,-------1- - - - - - -

89,675,416.42
13,331 , 441. 86 i!=======f======:I=======

0

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$258,836, 086.21
190, 398,103.20

2,462,453,535.38

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Loans under sec. 5 or the Reconstruction Finance Corporation Act, as amended:
B anks and t rust companies:
Receivers, liquidating agents, and conservators ___ ------ --------- --- -- - ------- $1,122,490,906.82
Others•- ___ _ ---------------------------------------------------------------- - 1,339,962,628. 56

Building and loan associations:

Disbursed

99, 881, 493. 14
5,701,835.15
29, 170, 864. 00
225,912,049.33

26, 995, 423. 52
2,793,424.51
18, 708, 556. 66
77, 772, 650. 41

72, 886, 069. 62
2, 908, 410. 64
JO, 402,307.34
148, 139,398.92

126, 330, 055. JO

0, 861. 84
55,620,

360, 666, 241. 62

Credit u nions____________ ___ ______ ___ ___ ___ ______________ ____ ____ ______ __ ___ _____ _
Federnl lan d banks ___ ____________________ ---------------------------------------J oint-stock land banks_____________ _______________________________________________
F edernl intermediate credit banks ___ - ------- --- --- - --- -- --- ------- -------------Agricultural credit corporations_________ __________________________________________
R egional agricultural credit cor porations __ ____ -----------------------------------Livestock credit corporations . . --------- - --- --- - ------- --- -- - ---------------- --- -

642,967.80
42, 8 72. OJ
• 399,636,000.00
12, 40_l, 000. 00
24,221 , 572.08
5,607, 700. 39
9, 250,000.00 ___ ___ ____ _
6,120,867.59
477, 249. 37
178,840,452.48
5,596 , 8ll. 76
14,758,827.88
1,657, 229. 19

600,095. 79
3 387,236,000. 00
17,040,960. 14
9, 250, 000. 00
5, 562, 890. 94
173, 243, 640. 72
13,101,598.69

R ail roads:
Receivers and trustees _______ _______________ .. _____________________ ___________
Others_ ___ ___ _____ ___ __ ____ _________________________________________ ___ ______ _

• 24,665,960. 00
• 603,853,835.00

844,791.00
105,548, 764.89

• 23,821, 169. 00
• 493,305,070. 11

• 783,356.00
• l 75,975,660.67

• 23, 037,813. 00
• 317,329,409.44

Total, railroads_ ____________ _____ _____ _________________ ____________ _____ ____

628,519,795.00

106,393. 555. 89

517, 126, 239. 11

176,759,016. 67

340,367,222.44

I

I

226,251.58
14,517,429.09
1,962,745.91
44,272. 72

I

324,834.81

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Prooossors or dis tributors subject to prooosslng taxes __ ___ _______ __ ______ _____ _
Stnto
Cuods
created______
roe tbe
or tosurlng
repayment
or _____
deposits
or pub
moneys
_________
- - - -purpose
- --- - ________
_______ ____
___ _______
__ ______
- -Borrowers engaged in the fishing industry ________ _____________ ______________ _

2R, 089. 27

11,371. 21

14, 718.00

14, 718. (16

13, 087, 715. 88
792,100. 00

23,084.70
77,900.00

13, 064, 631. 18
654,075.00

13, 064, 631. 18
116, 363.31

537,711.69

Total, sec. 5 or the R econstruction Fina nce Corporation Act, as amended ___ _

4,488,513,352. 57

685, 291, 800. 86

3, 670, 938, 818. 61

3, 002, 353, 568. 75

668, 5&5, 249. 86

"C

25, 000, 000. 00
1, 750, 000. 00

Total, sec. 5c ot the Reconstruction Finance Corporation Act, as amended __

26, 750, 000. 00

Authorizations to industrial or commercial business under sec. 5d ol the Reconstruct
Finance
Corporation
amended: ___________________________________ ____ _
Loans _____
__ ______ Act,
______as_____________
Purchases or p arti cipations _________________________ _________________________ _
Agreements to purchase participations _____________ __________________________ _
Total, sec. 5d ot the R econstruction Finance Corporation Act, as amended __
Loans on the assets ol closed b anks and trus t com panies under sec. Se ol the Reconstr
tion Finance Corporation Act, as amen ded _______ ______________ _______________ _

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T otal, sec. 201 (d) , title

'l'otal, E mergency R elic! a nd C onstruction A ct ol 1932, as amended ________ _

T otal, sec. 304, ti t le III, or the act appro ved Mar. 9, 1933, as amended ______ _

------------------

25, 000, 000. 00

37,124,923. 64
4,854, ,571. 85
3, 065, 270. 21

71, 615, 458. 41
6, 944, 760. 21
32, 400.00

13, 279, 072. 94
1,811,594. 48
8,463.55

58,336,385.47
5, 133, 165. 73
23,936.45

152, 231,531. 62

45, 044, 765. 70

78, 592, 618. 62

15, 099, 130. 97

63, 493,487. 65

11,054, 576. 24

1, 250, 805. 47

492,622. 59

12, 314, 381. 71

0

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rn

1-3
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1-3

339, 217,487. 36

27,895, 743. 14

254, 521, 658. 25

54, 749, 542. 84

199, 772, 115. 41

10, 450, coo. 00
53, 3;o, 955. 22

1, 034, 596. 78
33, 146, 368. 56

8, 528, 875.90
20, 224, 586. 66

1,693, i!O. 94
20, 177, 690. 67

6, 835, 164. 96
46, 895. 99

1,222,108,664 . 99
85, 539. 013. 08

366, 235, 57I. 68
65,947,617.85

646,4 52, 782. 73
19, 288, 616. 70

566, 765, 113. 55
17, 874, 794.29

79,687,669.18
1,413, 822.41

1,307, 647,678. 07

432, 183, 189. 53

665, 741, 399.43

584, 639, 907. 84

81, 101, 491. 59

300, 000, 000. 00

15, 001.00

299, 984, 999. 00

10, 756, 788. 00

289, 228,211.00

2, 010, 686, 120.65

494,274, 899. 01

1,249, 001, 519. 24

672,017,640.29

576, 983,878. 95

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Authori za tions u nde r sec. 304, title III, ol the a ct appro,·ed Mar . 9, 1933, as a mend
L oans on preferred stock or banks a nd trust companies _______ __________ ____ __ _
Su bscri ptions for prolerred stock ol banks a nd trus t companies ________ ___ __ ___
Purchases ol capita l notes or debent ures or banks and trust com pan ies _

Loans under sec. 5, t itle I, or tb e Agri cultu ral Adjus t ment Act ol 1933, as amended

I, 250, 000. 00

25, 000, 000. 00

------ -- -- -- ----- - ------------------ -----------------25, 000. 000. 00 -----------------25, 000, 000. 00

0

Loans !or fina ncing of agricul tu ral commodities and li vestock, sec. 201 (d) , title
Commodit y C red it Corporation _____ __ __ ___ _______ ______ ___ __. _____ _____ _
Ot hers _________ __ ___ ____ ____ ___ ____ __________ _____ __ ___________ . ______ ___ _

(1)
Q_

-- --------------1, 250, 000. 00

132, 482, 958. 73
12,857,379.16
6,891, 193. 73

13, 426, 492. 18

Authorizations under the E mergency R elier and Constru ction Act ol 1932, as amend
Loans on self-liqu idat ing projects, sec. 201 (a), t it le IL __ __ ___ __ ____ ___ _______ _
L oans !or fi nancing repai r ol d amage by earthqu a ke, fire, t ornado, or cyclone
1933, sec. 20 1 (n) (6), title IL ____ _________ __________________________ ____ ____ _
Loan s for financing expor ts ol agricultural s urpl uses, sec. 201 (c), title IL ____ _

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Subscriptions !or stock ot mortgage Joan companies under sec. 5c o! the Reconstructi
Finance
Corporation
amended:
'l'be RFO
MortgageAct,
C o __as__________________
___ _____ ___________ ____ ___________ _
Others _____ __ ________________________________________________________________ _

0

------------------

-

23,374,755. 00
816, 733, 634. 00
430, 457,000. 00

5, 126, 025. 00
73, 397, 760. 77
32, 002, 000. 00

18, 148, 730. 00
71 7, 273, 373. 23
339, 880, 000. 00

5, 525,619.12
267, 453, 310. 58
112,801, m;. 31

I , 270, 565, 389. 00

110, 585, 785. 77

I, 075, 302, 103. 23

445, 780,567.01

629,52 1, 536.22

23, 500, 000. 00

20, 200, 000 00

3, 300, 000. 00

3, 300, 000. 00

----------------- -

12, 623, 110. 88
449, 820, 062. 65
167, 078, 362. 69

0

~

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0

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See footnotes at end ol table.

co

1.-Aggregate loan and other authorizations, purchases of securities from Public Works Administration, and allocations to other governmental agencies, by classes, from Feb. e, 193S, to Mar. 31, 1937, inclusive, and commitments outstanding, by classes, as of Mar. 31, 1937Continued

TABLE

~

PART I. LOAN <\ND OTHER AUTHORIZATIONS-Continued
Authorized

0

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Withdrawn or
canceled

Disbursed

Authorizations under sec. 1 of the act approved June 10, 1933, as amended:
Loans on preferred stock of insurance companies . ........••..•...•... •..••........
Subscription for preferred stock of an insurance company.•••.••.•...•...•.....•••

$34, 275,000. 00
100,000.00

-----------------------------------

$34, 27 5. 000. 00
100,000.00

------------------

Repaid

I

Outstanding as ol
Mar. 31, 1937

$6, 019, 627. 50

$28, 255, 372. 50
100,000.00

34,375,000.00

6,019,627. 50

28, 355, 372. 50

------------------

Total, sec. 1 of the act approved June 10, 1933, as amended .•••.•.•••.• ••••..••. .

34, 375, 000. 00

Loans to or for the benefit of drainage, levee. irrigation, and similar districts under sec.
36, title II, of the Emergency Farm Mortgage Act of 1933. as amended ...........•..

130, 891. 033. 25

$16, 039. 663. 61

68, 398, 066. 47

653,920.18

67, 744,146.29

Loans to finance the repair of damage by earthquake, flood,or other catastrophe in 1933,
1934, 1935, and 1936, under the act approved Apr. 13, 1934, as amended:
To industrial or commercial business •••......•.•.•••...••••.••••...••...••. .••••..
To others ..•••......•. ••.. .......•....•.....••............ •••••••••••••••••• ••••..

1, 702, 962. 75
3, 994, 026. 00

735,490. 00
1,199,268. 67

863,872. 75
2,167,474.47

45, 122.40
1,097,606.81

818,750.35
1,069,867.66

Total, act approved Apr. 13, 1934, as amended ......••••.•••..•••••.•.•••••.••..

5, 696, 988. 75

1, 934, 758. A7

3,031,347.22

1, 142, 729. 21

1,888,618.01

Loans to borrowers engaged in the mining, milling, or smelting of ores, under sec. 14
of the act approved June 19, 1034, as amended ..•.•....•• ••••..••....•.••.....••••••.

10, 600, 500. 00

2,557,000.00

2, 076, 500. 00

617,716.49

1, 458, 783. 51

Loan to a public-school authority for payment or teachers' salaries due prior to June 1,
1934, under sec. 16 or the act approved June 19, 1934, as amended .... ........ ••..•.•.

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22, 500, 000. 00

200,000. 00

22, 300, 000. 00

22, 300, 000. 00

------------------

Loans to or for the benefit of tax-supported public-school districts, or other similar
public-school authorities, in charge or public schools, under the act approved Aug. 24_.

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1935•.••• ..••.•.•.. .. •• .• ••.... • ........••....•.••......•. . •. .....•.. ...........•.•• .

2, 006, 800. 00

Loan to Rural Electrification Administration, under the act approved May 20, 1936.••

1, 000. 000. 00

Grand total, part I (loan and other authorizatiom) ••..•.•.•••..•.•..••••••••....

8, 192,,743, 208. 02

477,300. 00

53,420.47

-----------------1, .378, 348,596.21

598,000.00

-- ---------------------------------

5~. 420. 47

~

598,000.00

Q

4, 180, 339, 476. 64

2,064, 9l2, 298. 93

Amount dis•
bursed cg.ur•
chase )

Amount repaid
(sold or matured)

Amount out•
standing as of
Mar. 31, 1937

$489, 291, 555. 01

$367, 6119, 315. 01

6, 245, 281, 775. 57

PART II. PURCHASES OF SECURITIES FROM PUBLIC WORKS ADMINISTRATION
Amount of purchases authorized
Grand total, part II ••••••••••••••••••••••.•••••.•....•.•...•.••••••••••••••.••••••••••

l:d

$546,756,055.01

Amount withdrawn or canceled
$1, 980, 000. 00

$121, 622, 240. 00

0

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~

PART Ill. ALL O OA TJONB TO OTHER OOVERNME NTAL AGEN CIES

Allocations:

______________ - - -- -- - -- -- -- - __________________________ _

~.,!Fo!~!~~~~.!;~f1::m-corpo;aiio~:(~~~~~~~-'.~~~-a_".'_~~:-~~ -~~=-~~~~-~~~~~~~t-~~~:r:~~~~~~~:~~~~~:
1

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or Agriculture) ______________ _____ _
$29,500,000 held In revolving rundl- -t 1----(-reallocated from amount originally allocated to Secretary
Govern.or or Farm Credit Admlnlstra on

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---:::::::::::: ::::
Total originally allocated to secretary of Agriculture !pr crop loanL- ---- -- -- ------ -- ------------ --- -------------·--·······-·-·- ··-· ···-·--·--··-·· Regional agricultural credit corporations for expenses prior to May 27, 1933-------·· ·········-······
--·::: __ . __ ._ .... -•--Regional agricultural credit corporations for expenses since May 26, 1933 _·····-········ ··········· ·········-·-·-- __ ._. ___ _. __ •• _•. _.
Secretary of the Treasury to pay for capital of Federal home Joan banks__····· -·············· ········-· ·····-·-··:::
deral Farm Mortgage
··---t\>ii"to·F·e
Land Bank Commissioner to make Joans to joint-stock land banks__ ·-···--·----··· -······--·--•-·
1
11
•• -•-· - · - Land Bank Commissioner to make loans to farmers ($200,000,000 original allocation reduced by rea oca

iioo;ooo;ooo -originaiiy-ailocated-to Land -Bank ComF~~~~fi~~) Mortgage.Cor.poration _t_ci iiiake-loans-to farmers ·(~eallocated-fr-_om
•. _··-·-· __ -· __ -·- -··· -··-···-· -. -· -· -······ •· •· • -•• •· -· •

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Amount allocated

IAmount disbursed

$116, 000, 000. 00

$116, 000, 000. 00

44, 500, 000. 00
40, 500, 000. 00

44, 500, 000. 00
40, 500, 000. 00

200, 000, 000. 00
3, 108, 278. 64
13, 268, 600. 00

200, 000, 000. 00
3, 108, 278. 64
11, 950, 252. 92
120, 000, 100. 00
2, 600, 000. 00

124,741,000. 00
100, 000, 000. 00

55, 000, 000. 00
200, 000, 000. 00

55, 000, 000. 00

200, 000, 000. 00
mlss1oner) __ . -· -· -· _. _•.....•.....•.• __ -· _. ____ • _.. _. ___ ___________ .• _··-·.
-·---Loan Corporation- -- ------··-----·- ·--------- ----·· --------------·
Secretary of the Treasury to pay ror capital of Home Owners'
50, 000, 000. 00
not limited to specific amount>------ -·· ··-·--- · -Federal Housing Administrator (amount stated is amount disbursed; total allocation------·----·-·97, 000, 000. 00
-·-·---··------ --- ·-- ----- ---- ____ __
- ----- --- ------·-------Commodity Credit Corporation, purchase of stock.·--······
stock
purchase
to
required
is
Corporation
The
disbursed.
Disaster Loan Corporation, purchase of stock (amount stated is amount
2, 000, 000. 00
--···----·-·-·- · --- --upon request of the Disaster Loan Corporation, up to but not exceeding $20,000,000)_ -··-·----·---· ·-·····--··-·
117, 778. 64
990,
-··-··-- ----·-Total to other governmental agencies by direction of Congress_··- -·-·-··-·-·-···· -·-··-- --··-------- ·· --··--······--000. 00
000,
500,
···-·----··---·-·- ··--··-····-·-· -·- -·- ------- --·-- ------- -·- ---- -----·For direct relief under Federal Emergency Relief Act of 1933..
500,000,000.00
_____ · -· -·---·- ····- ·---- ------ -· ----·-·- ·--- ---·--··----- ------- For direct relief under Emergency Appropriation Act, fiscal year 1935
000. 00
000,
500,
-------·-----·- - --For direct relier under Emergency Relief Appropriation Act, 1935 _____ _·----·-----·-·- -----·----·---- ·-·-----------00
500,000,000.
--·-····--··- -·-·-·-·----- • I,
Total allocations for direct relief by direction of Congress •--··--------- ·-···--- ---· -·--·- -····- ·--·-· --·-·64
778.
117,
490,
2,
------- ----- -- -Total allocations to other governmental agencies and !or direct relieL-- ------ -- --------- -------------- ---·-·-·-·-·--22,361, 015.90
---- --- -·---·-----·--· ----Interest on notes issued for fu nds for allocations and relief advances_·--- ---------- ------·----- ---·- ---·--------2,512,478,794.5 4
----·---·-·--·
Grand total, part III (allocations to other Governmental agenciesl- --··-- ---· --· ·--- --- -·---·-·--- -- ---- --·-·-·-------Se(!ootnotes at end of table.

145, 000, 000. 00

145, 000, 000. 00

50, 000, 000. 00
97, 000, 000. 00
2, 000, 000. 00

886, 664, 631. 56
I

499, 999, 030, 89

500, 000, 000. 00
500, 000, 000. 00
' 1,499,999,930.8 9

2, 386, 664, 562. 45
21, 536, 205. 82
2, 408, 200, 768. 27

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1.-Aggregate loan and other authorizations, purchases of securities from Public Works Administration, and allocations to other governmental agencies, by classes, from Feb. 2, 1932, to Mar. 31, 1937, inclusive, and commitmems outstanding, by classes, as of Mar. 31, 1937Continued

TABLE

PART IV. COMMITMENTS OUTSTANDING AS OF MAR. 31, 1937
[Conditional agreements to make loans, or other authorizations, upon the performance of specified conditions]
Under sec. 5 of the Reconstruction Finance Corporation Act, as amended:
Banks and trust companies:

Amount
Amount of
of
commitmenta
cg::;n;itn;~a
outstanding
8 an inq

Receivers_ - - --- ----- --------- ------- --------- ------ -- ---- ------------ ------------------- --- --- --- -------- ---- -------- -------- -------------------------------- $1,
t.1 510,
_1;.1n 000.
Mn 00
M

Others------------------------------------------------------------··-························································································
Insurance
company
•.. ------·-------___ .-··_________ . __________
__ ·-·--·--·---··_____
____
--··-·------------··--·--···
Mortgage Joan
companies_
•• _·- ____________
. _______________
•• ___ ••.----·----·----··-------·------·--·__ • _________ • ____ • ______ • ________ •• __
_____ ••• __ ·- ___
.••·-----_•• __ •.•
__ ••
_. ________ ·- ___ . ______ ••••
Railroads:
Trustee_ . _. ____ -· _•• __ •••••••••...........•...............•............•...•••.••• _.••• _..•. _..... _••..... _•........ _. _.•........••..•..•..•• _•••.•••••••••.•
Others ...•. ·-·-·--·-··-··-················-···-·········-······-·········-·-··-··-···-·--···-·-·························-························-·····-·····
Under sec. 5c of the Reconstruction Finance Corporation Act, as amended (subscription for stock of a mortgage loan company) •••...••••••••••••••.•.•••...•.....•.•.•.•
Under sec. 5d of the Reconstruction Finance Corporation Act, as amended:
Loans_ .......... __ .... _._ .. _. __ .. __ ............ _....••• _. __ ••. ____ ... _...••......•.......•••......••••....••..••.•..•..•••.•..•..•• _•••.• _•....••.•...•.........•
Purchases of participations in loans .... ___ ·-···--·-.·-·-·.··--·-··- ... _...............•...•........ -· .. -· .. -···-···---· .•.•.... ·- .. ·--··-· ....•...•.•.....•.•..••
Under sec. 201 (d), title II, of the Emergency Relief and Construction Act of 1932, as amended (for financing agricultural commodities and livestock) .....••••.••.•.•••.••
Under sec. 304, title III, of the act approved Mar. 9, 1933. as amended:
Loan secured J;>y preferred stock of a bank __ ...... -· .......... __ ....... -· ..•......•.••••.••••••••...••••.•. ·····-···-- .... _... __ ·-·············· ••..••••••••••••••
Subscriptions for preferred stock of banks and trust companies.·-···-······················-···-·····---·--·········-···-·································--·····
Purchases of capital notes or debentures of banks and trust companies......•.... ·-···'·····-···········----·-····································-···············
Under the act approved Apr. 13, 1934, as amended (loan for repair of property damaged by flood or other catastrophe)······················--··--···---·····-···-····
Under the act approved May 20, 1936 (to Rural Electrification Administration).-·······---··-···-········································-··--······················
Under the Emergency Appropriation Act, fiscal year 1935 (purchase of securities from Public Works Administration) ••••.••••••• ·-·-····-·-·-·······················
0

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10,148,800.00
1, 100, 000. 00
13,171,729.96

3, 000, 000. 00
46,147,309.65
10, 000, 000. 00
2, 451, 000. 00
442,500.00
6, 000, 000. 00
48,000.00
32, 877, 750. 00
3, 860, 980. 41
600,000.00
49, 000, 000. 00
15, 573,000. 00

Grand total, pt. IV (co=itments outstanding as of Mar. 31, 1937) ..••••••••••••••••••••••• ·-········································-························· 194, 931, 070. 02

.....
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SUMMARY OF TABLE 1

Amount of
authorizations,
allocations, and
commitments
outstanding

Amount withdrawn or
canceled

Amount dis·
bursed

Amount repaid I

$1,378, 348, 596. 21
1, 980, 000. 00

$4, 180, 339, 476. 64

-- ---- --- --- -- -----

Amount out•
standing as
or Mar. 31, 1937

$2, 064, 942, 298. 93
121, 622, 240. 00
408, 200, 768. 27

Part I: Loan and other authorizations •...••...•.....••..•.•..••.•.•••••...••••••• $8, 192, 743, 208. 02
Part II: Purchases of securities from Public Works Administration .•••••••.......
546,756,055. 01
Part III: Allocations to other governmental agencies .•.•••••.•••.•..••••••••••.... 2, 512, 478, 794. 54

-------------------

$6, 245, 281, 775. 57
489, 291, 555. 01
2, 408, 200, 768. 27

Total ..•••••••••.••••..••.•.•••••.••...•.. ·· •.••• •••••••••••··••••••••••·•·· 11,251,978,057.57
Part IV: Commitments outstanding ..•.••••••.•••••••••••.•.•••.•••...••....•.•.•
194, 931, 070. 02

------------------- -------- -- -------- - --- --- ----------- -- --------- ----------

1, 380, 328, 596. 21

9, 142,774,098.85

4, 548, 008, 791. 65

4,594,765,307.20

1, 380, 328, 596. 21

9, 142,774,098.85

4, 548, 008, 791. 65

4,594,765.307. 20

Grand total •.•••••••..•..••........•...•.....•••.••••••••••••••••••••••••••• 11, 446, 909, 127. 59

367,669,315.01

7 2,

Exclusive of repayments unalloraterl. p ,,iding advices, as of Mar. 31, 1937.
$167,500 authorized through b~ilKS and trust companies to Industrial or commercial business, of which $52,838.65 was withdrawn or canceled, and $114,661.35 was dis•
bursed and repaid.
• Includes $193,618,000 representing refinancing of loans previously made by the Corporation to Federal land banks for different individual amounts, but in the same aggregate
amount.
• Revised.
• Upon certification by the Federal Emergency Relief Administrator, under the Federal Emergency Relief Act of 1933. the Corporation disbursed $499,650,000 for relief, and
$349,930.89 to the Administrator for expenses necessary to carry out the provisions of the above act, making a total of $499,999,930.89 so disbursed.
• Exclusive of amounts made available for relief and work relief under the Emergency Relief and Construction Act of 1932, as amended. These amounts are shown In part I
above.
7 Includes $29,500,000 allocated for revolving fund (capital of regional agricultural credit corporations).
1

1 Includes

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TABLE

....

2.-Aggregate loan and other authorizations, by classes, during the first quarter of 1937
Withdrawn or
canceled 1

Authorized

Class

Disbursed

~

Outstandingdecrease for the
quarter 1

Repaid••

I

~

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Loans under sec. 5 of the Reconstruction Finance Corporation Act, as amended:
Banks and trust companies (including receivers, liquidating agents, and conserva•
$3, 887,052.07
$4,955,884.42
tors) ....... ....... ....... .... ..... ........... . ............................. ...... 1 $28, 959,890.88
321,017.93 ..••.....•.....•. .. ..••..... . .......
Building and Joan associations (including receivers) ...... ........ ...... ..... .......
155,921.66
78. 34
Insurance companies . ..... . ............................. .......................... •• . ••.•. .. ... ... ..
• 9,846,422.27
718, 823.91
3,802,913.29
Mortgage loan companies................. ................... .... ........... ... . ...
.••.•..........
Credit unions .......•. ..• ...•.•.......•.•... ....•.•.•.•...•.•..•.• ..... .... •..•.•.•...•.•........ .. ...•...•......... .. ....
Federal land banks .•...•.•...•.............•... •.•.••....•.•.••.•...•...•. ...........•... •............. ......•. ..........•. ..• ..... .... ~
343,087.85
111,500.00
466,000.00
Joint•stock land banks. ........................ . ....... ......... ...................
30, 727. 28 .• ............... .. ...•..••• ••. •• •..
Agricultural credit corporations............ .. ... . .................. ................
••. .....
..•..••••
.
Livestock credit corporations ...•...............•.•.•...... .•.•.•••..•...•.•. ... ....•...•• •....... . ..... ...............
5,000,000.00 . •.............. .. . . .•...• ..........
Railroads (including receivers and trustees)..................... .. .......... . ......
11 ,875.00
3,000.00
55,000.00
Borrowers engaged in the fishing industry................... ......................
Total, sec. 5 of the Reconstruction Finance Corporation Act, as amended .••..... ,

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Subscriptions !or stock or mortgage loan companies under sec. 5c or the Reconstruction
Finance Corporation Act, as amended •••.•......•..•.........••••. .•. ••••• ••...••••. ,
Authorizations to industrial or commercial business under sec. 5d or the Reconstruction
Finance Corporation Act, as amended :
Loans •••••.......•.•.............. •••........•••••••. ..••••••• ••••••• ••.•••• ..•... ,
Purchases or participations..... ....... ... ............................. ....... .. . ..
Agreements to purchase participations......... . ........................... ....... .

38,635,549.381

5,789,286.67

I

14,244,358.85

6,661,859.60
• 816,333.33
• 356,650.00

II

- --- -1
I- -7,834,842.931
I
Authorizations on the assets or closed banks and trust companies nnder sec. 5e or the
335, 004. s2 I
Reconstruction Finance Corporation Act, as amended •• ..... ..............••• •......

I

41,675, 421.95

I

40. 573. 66

4~: l::

405,000. 00

I

109,573,422.29

I

I

Ii=====
186,448. 17
55,984, 114. 74
6, 354, 500. 00

13, 546, 896. 92
37, 079, 338. 36
50, 626,235.28

56,553. 21

97,126.87

I

I

62,525,062. 91

0

',;l

~

t".l

0

0

z

00

8

~

d

....

,'3

0

z
...."'1

3, 748,762.01
3, 879, 049. 26
3,041, 775. 77 I
l========l=== ===I======
46,823.93 1

"'
~

,'3

0

3,431 , 104. 84
314,871.33
2,785.84

3, 456, 049. 27
420,199.99
2,800. 00

2,666,181.091
147,916.67
227,678. 01

Authorizations under the Emergency Relief and Construction Act ol 1932, amended : i = = = = = l = = = = = I
Self•liquidating projects. ser. 201 (a), title II (including loans for financing repair or
reconstruction or buildings damaged by earthquake, lire, tornado, or cyclone In
969,140.00
gg 108, 604, 282. 29
.
.
...............
........
I.
title
1,
sec.
relief,
work
and
relief
for
Amounts made available
1········

I

I

I

M

Total, Emergency Relief and Construction Act or 1932, as amended ..........•...

55,919,780.80

$21, 067,995.60
365,823. 70
144, 218.11
4, 338, 344. 25
63,401.81
JO, 150, 9o9. 61
I 240, 571. 72
103,516.33
64,493. 26
5, 610, 606. 00
6,625.00

00 . •...••...........
5, 000, 000.
======
===ll=======I:=
5, 000,000.00 1·········•········1i====

Total, sec. 5d of the Reconstruction Finance Corporation Act, as amended_ .••..

F~~~iiiiioi·ai,ictiitu·.=-;1roin.mo,iii.iesiiri'<i·1i~esi.ock:sec:20i·c<ii;iiii,irr:::::::::::j

I

$24,955,047.67
365,823. 70
300, 139. 77
14, 184,766.52
63,401.81
JO, 150, 969. 61
102,516.13
103,516.33
64,493.26
5,610,606.00
18,500.00

I

13,360,448. 75
18,904, 776. 38
6, 354, 500. 00
11,898, 827. 63

~

0

t".l
0
0

~

"'0
~

....~

0

z

AuLhoriutlons under soo. 301, title III, or tho act approved Mar. 9, 1933. as amended: _
735, 506.66
Loans onJoreferred stock or banks and trust companies _____________ _______________
100,000. 00
735, 506. 561
17, 625, 086. 73
19, 625, 080. 73
25,977,500. 00
2, ooo, ooo. oo
10, ooo. oo I
Subscrip ous for e:ererred stock or banks and trust companies ____________________ _
6, 737, 265. 21
6, 772, 265. 21 35,000.00
20,000. 00
Purchases or capt l notes or debentures of banks and trust companies_ ------------i------l-- ----·i-------l------f25, 097, 852. 50
132, 852. 50
27,====II======
2, 035, 000. 00
10. 000. 00 I
26,097,500.00 l======l======ii==
Total, sec. 304, title III, of the act approved Mar. 9, 1933, as amended____________
=1

act approved June _
or insurance companies under sec. 1 or the____________________
stock
on preferred
Loans
____________________________________________
as amended
10, 1933,
Loans to or ror tbo benefit or drainage, levee, ;rrigation, and similar districts under sec.
4,693,431.76
36, title II, ol the Emergency Farm Mortgage Act ol 1933, as amended_______________
Loans to flnanc e the repair of damage by earthquake, flood, or other catastrophe in 1933,
43, 725.00
1934, 1935, and 1936, under the act approved Apr. 13, 1934, as amended____________ ____
Loans to borrowers engaged in the mining, milling, or smelting ol ores, under sec. 14 ol
963,000.00
the act approved June 19, 1934. as amended_ _______________________ __ ____________ ____
Loans to or !or the benefit ol tax-supported public-school districts or other similar public168,500. 00
school authorities in charge or public schools under the act approved Aug. 24, 1935____
Loan to the Rural Electrification Administration under the act approved May 20, 1936 __ --- -------------Grand totaL _________________ __ __________________________ ___________________ ___ __ I • 84,176,553.59

-g:

;;a·

(1)
Q_

~

C;
0

~

~

1, 249, 250. 00

1, 249, 250. 00

7, 397, 674. 89

3. 531. 448. 03

71,462. 96

• 3, 459, 985. 07

68. 521. 00

146,071.84

47, 168.15

• 98,003.69

196,000.00

204,000.00

82,716.49

53,420.47
498. 000. 00
=======I=====
294,500.00

126, 4t8, 004. 55

I

-

• 80, 258,157.39

1so, 874. 1s2. 69

I

~

~

53,420.47
498, 000. 00

a

I
I

t:rJ

121,283. 51

I

70,616,025.30

These amounts apply t o Joans authorized prior to Jan. 1, 1937, as well as to loans authorized during the fi rst quarter ol 1937.
1 Exclusive or repayments unallocated, pending advices, as or Mar. 31, 1937.
• Loans authorized to banks and trust companies include $28,625,0S7.45 to aid in the reo rganization or liquidation or closed banks.
' During the fi rst Quarter of 1937 a disbu rsement in the amount of $10 was rescinded. This amount has not been deducted lrom disbursements shown above !or the first quarter
of 1937, inasmuch as it applied to an amoun t disbursed in a prior quarter.
' Increase.
1 During the first quarter of 1937two authorizations aggregating $404,000, which were included in "Purchases of participations in loans to industrial or commercial business" during
a previous quarter, were transferred to "Agreements to purchase participations in loans to industrfal or commercial business."
7 During the first quarter of 1937 a disbursement in the amount of 1 cent was rescinded . This amount has not been deducted lrom disbursements shown above for the first
quarter of 1937, inasmuch as it applied to an amount disbursed in a prior quarter.
• Authorizations made prior to Jan. 1, 1937, were rescinded during the first quarter of 1937 as follows: Banks and trust companies, $23,705,748.04 to aid in the reorganization or
liquidation or closed banks; indnstrial or commercial business, $850,000; purchases of participations in loans to industrial or commercial business, $625,000; agreements to purchases
participations in loans to industrial or commercial business, $151,500; a loan on the assets of a closed bank, $21,000; subscriptions for preferred stock of banks and trust companies,
$15,030,000; loans to or for the benefit or drainage, levee, irrigation, and similar districts, $4,766,723.12; a loan to finance the repair or damage by earthquake, flood, or other catl\stropbe
in 1933, 1934, 193,5, and 1936, $700: a loan to a borrower engaged in t he minini, mill ing, or smelting or ores , $350,000. Such rescissions have not been deducted from the authorizations
shown above for the first quarter of 1937, inasmuch as t.hey ap plied to loans authorized during previous q uarters.
• In addition, under the Federal Emergency Relier Act or 1933, the Corporation during the first quarter of 1937 disbursed $341.76 to the Federal Emergency Relier Administrator
for expenses necessary to carry out the provisions of the above act, and received refund of expenses previously disbursed amoun ting to $350, making a net total of $8.24 refunded during
the quarter.
1

0

-- ------ --- --- ------- ----

~

"Cl

~

l'.l

@
rn

~

0

g
,....
0

z

l:i:J
,....

~

~
a
0

~

0

~

~
,....

~
I-'

01

16
TABLE

REPORT OF RECONSTUUC'l'ION FINANCE CORPORATION

3.-Number of authorizations, and number of new borrowers, etc. to which
authorizations were made, by States, during the first quarter of 1937 1
GRAND TOTAL

State

Number Number
of author• of now
izations borrowers

Number Number
of author• of new
izations borrowers

State

---- ---Arizona _____________________ _

Arkansas . . ..... . . . •.. .. ......
Cal ifornia .......... . ........ .
Colorado . ................... .
Connecticut. ......... .. ..... .
District of Columbia . ....... .
Florida . ..... ............. .. . .
Georj!'.ia ......•... .. . ..........
Idaho . ....•........ .. ......•.
Tilinois . ..................... .
Indiana ...... ............... .
Iowa . .•.............. .... ... .
K ansas . . ... ...•. .............

t:.~i;\'
~!L == == =::: ::::::::::
M aine . ___________ __ ________ __

5

4

16

11

13

4

3

1
4

4
3

4
32

1
2
2
2

4

8
2
1

4
6

3
2

1

1

2
4
10

4

9

Maryland . . .. . ..... ........ . .
Massacbusetts ........ .• . .....
Michigan .............. ...•...
Minnesota .......... . .. ..... . .

20
4

~l~~s:;~f:~i:::::::::::::::::::

16

9

13

Montana .. . . . .• .• ........ . ...
Nebras ka ........•.. .. . ..... ..
Nevada .. ..•.•.•...........•.
New Jersey . ..........•.......
New York .... .•............ ..
North Carolina .............. .

North Dakota .............•. .
Ohio ............ ....•..••....
Ok lahoma ........••. •.. .. ....
Orej!'.on . ......... .••...•.•....
Pennsylvania ......... .. . . •...

South Carolina ____ __ ________ _

Tennessee . . .. ........... ... . .
Texas ..... ... ... . ........... .
Utah ... •............•.•.. . ...
Virginia ... ... . ......•. •.. ....
Washington ... . .... . . . . ....•.
West Virginia ............. . •.
Wisconsin . ___ _____ ______ ____ _
W yoming .. . ... ......•......•
Alaska .. . ................ .. . .
Puerto Rico ..•..........•.. ..

2

l

11

6

I

10
24

3
9

l
2

17

5

I
2
3

1
3
2

l
l
l
2
l
2
1

T otal. .... ..•..•.•.. ....
Authorizations:
Loan to a railroad'·······
Subscri ption for stock of
T he RFC Mortgage
Co. 2.•• •• ••.• • .• ••••.• ..
Subscription for preferred
stock of Export-Import
Bank of Washi ngton'··

315

130

Grand total. .. ......•..

318

7
4

2
8

5

4
4

6

5

1
12
21
l

1
7

10
1

----- -----

------------------130

TOTAL, SEC. 5 OF THE RECONSTRUCTION FINANCE CORPORATION ACT, AS
AMENDED
Arkansas .•••••••.••. --· •• _·-California .. _·-·-···· ·- ----···
Districl of Columbia ... --·-·Illinois_ .. -·········- ·-----··Indiana ..•. -··-··--··---·-··Iowa ... ____ ····-····--------·
Kansas __ ········-·-···--··--·
Kentucky_ •••• ·--···--- ••••• _
Maine .. _••• _•••. _.. -• -• - •••• Maryland •.•••••.•. ·----·····
Massachusetts __ ._. ___ ._ ••.•• _
Micbigan.·-····-·····-···-··Minnesota_ •••• -------· __ ··-·
Missouri. •. _-· ____ ·---······Montana .• _.• ___ ••. _...••.• -.
Nevada. __ .---· __ -··-··-·-··N ew Jersey···-·--·--·-·······

l
2
4

17
7
2
2
4

2
2
2

11
3
2

l
l
4

New York .... ·-··-·-······--·
North Dakota•.. -· .•. ······-Ohio .....••.. ·---··· •.•.• ·--··
Oklahoma .• ·-····-··-··-·--··
Oregon .. ·-· ••..•.•.. --···-- ••
Pennsylvania_.········--·-··
Tennessee. __________________ -

8 ·------··-

1

6

l
3

11

1

2

~ir~~ia
....... ···-· ·-·-----··
Washington.·--····-····---··

l
l
2
5
2

1

TotaL_·--···-··--·---·
Loan to a railroad•·-----·-·-·

110

6

W~st Vi~ginia __ ·-····------··
W1sconsm ....•..•....••• --··-

l
----1---G rand total..·---·····111
6

BANKS AND TRUST COMPANIES (INCLUDING RECEIVERS, LIQIBDATINO AGENTS, AND CONSERVATORS)

[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
California ......•.. ···-·--···.
District of Colnmbia_··--··-Illinois. __ --·- ·-· .. -··········
Indiana. __ .····-·-·-····-··-Iowa ..• _-····· ·---·-· ·--·--··
Keneas .•. ·-······-·----·--·-Kentucky ... -···-·-· -·· ....•.
Main•··-·-·····-···---·-··-··
Maryland.·-··--- .•.. _. __ .•••
Massachusetts .. •-··-·········
Michigan ..•.. ·--· ....•...•• ·Minnesota ...•. ·-·-······ ....

Missouri_ ___________________ _

Montana ... ·-··-··-········--

2
3

'17

'7
2
• 2

'4

New Jersey·-·-·--··---·-···-·
New York ...• ·--·-----·----·
North Dakota·-·--·-·-···---Ohio
.. - . _•...
-·.• __
-- .-····
··-_
Oklahoma.
___ ··. ____
______
Oregon ___ ·-······-·--·--·--··
Pennsylvania·--·-·--··---·--·

2

Tennessee ___________________ _

l

❖fr~%ia
....... ·- ···-- -·--- ·-·
West Virginia·--···-·-······-

l

'10

13

4
'8
l
16
l
• 3

7 10
2

l
l

W isconsin .... _. ·- _____ ••• _•• _

5
2

TotaL ••• --··-··-·-···.

101

2

l

Footnotes at end of table.

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Google

2

REPORT OF RECONSTRUCTION FINANCE CORPORATION

17

3.-Number of authorizations, and number of new borrowers, etc., to which
authorizations were made, by States, during the first quarter of 1937 I-Continued

TABLE

BUILDING AND LOAN ASSOCIATION
[Under sec. 5 cf the Reconstruction Finance Corporation Act, as amended)

State
Maryland ____________________

Number Number
of author- of new
izatlons borrowers

Number Number
of author- of new
izations borrowers

State

---1

-----------

MORTGAGE LoAN COMPANIES
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended)
District of Columbia ________ _
Massachusetts _______________ _
Michigan ____________________ _
NevA.da _____________________ _
W asbington _________________ _
TotaL _________________ _

1
I ----------1
l

1
----1----1

5

2

JOINT-STOCK LAND BANK
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended)
Pennsylvania __ ._ ------------1
AGRICULTURAL CREDIT CORPORATION
[Under sec. 6 of the Reconstruction Finance Corporation Act, as amended]
Arkansas ___________________ --1

I 1-----------11

BORROWER ENGAGED IN THE FISHING INDUSTRY
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended)
Washington _______________ ---1
TOTAL, SEC. 5c OF THE RECONSTRUCTION FINANCE CORPORATION ACT, AS
AMENDED
[Subscription for stock of a mortgage loan company)
The RFC Mortgage Co.•-----1

l 1-----------11

TOTAL, SEC. 5d OF THE RECONSTRUCTION FINANCE CORPORATION ACT, AS
AMENDED
[Direct loans to industrial or commercial business, Including participations)
Arkancas. ___________________ _
California ___________________ _

Conneeticut_ ________________ _
Florida _______________ - ---- -- l<laho _______________________ _
lli1nois ______________________ _
la'..!ittna ..... __________________ _
Kansas._ .. __ ........ _____________ _

Kentucky ___________________ _
Loui~iana.
_.... ____ ------------_
~!
sryland ___________________
~ I :i.ssac h uset ts ___ • __ - - • - •• ---!>l ichi~an __________ - __ ---- --- lf inm".-iota ....... ___ .... ___ ----- .....
l1i<:5()UTL _-------------------

llonlana _____________ -- -- ----

1
2
l
2

l
7

4

2
2

2

2

2

2

I

l

2

2

7
4
I

4

3

3
2

2
2

Nebraska ____________________ _
New Jersey __________________ _
New York ___________________ _
North Carolina ______________ _
North Dakota _______________ _
Ohio ________________________ _
Oregon ______________ • _______ _
Pennsylvania________________ _
South Carolina ______________ _
Washington _________________ _

~i's"~~t~~~::::::::::::::::
Wyoming ___________________ _

1
8
0
l

l
5
5

11
I
l
2

7
6
I
1
5

3
7
l

2

2

Puerto Rico _________________ _

I
I

1
l

TotaL ________________ _

89

62

Footnotes at end of table.
153608-37--2

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Google

18

REPORT OF RECONSTRUCTION FINANCE CORPORATION

TABLE 3.-Number of authorizations, and number of new borrowers, etc., to which
authorizations were made, by States, during the first quarter of 1937 '--Continued

LOANS TO INDlTSTRIAL OR CmfMERCIAL BUSINESS
[Under sec. 5d of the Reconstruction Finance Corporation Act, as amended)
Number Number
of author- of new

State

izations

Number Number
of author- of new
izations borrowers

State

borrowers

-----------,----1·----, - - - - - - - - - - - - - - - - - - 2

California ___ ----------------Connecticut _______ ----------Florida _________ --------- ____ _
Illinois ______ --- _____ --------Indiana ______ --------- ___ ---Kansas ________________ -------

l
1

1
4
2
1
1
1
4
3
2
2

7
2

Louisiana _______ -------------

1
1
1

m;~i~t.-.-::::::::::::::::::
Montana
____________________ _

7
4
3
2

Maryland __________ ---------Massachusetts _______________ _

Nebraska ____________________ _

New Jersey___________________
New York____________________
North Carolina_______________
North Dakota________________
Ohio_________________________
Oregon_______________________
Pennsylvania_________________
West Virginia________________
Wisconsin____________________
Wyoming____________________
Puerto Rico__________________

•6

5

1
1
1
1
4
4
3
2
• 11
•7
2
1
•1
11
1
1
1
1
1-----11----

Total _______ ---·--------

1

15

7

71

51

PURCHASES OF PARTICIPATIONS IN LOANS TO INDUSTRIAL OR Coin•ERCIAL BUSINE88
[Under

sec.

5d of the Reconstruction Finance Corporation Act, as amended)

Arkansas ___ -----·- __________ _
California ___________________ _
Florida ______________________ _
Idaho ____ ------------------·Kansas __ ----- --------- ---·--_
Kentucky
___________________
Maryland ___________________ _
Massachusetts _______________ _
Minnesota ___________________ _

I]

(')

(')

•l

New Jersey __________________ _
North Dakota_______________ _
Ohio
_________________________
-------------------·--_
Oregon
South Carolina ____ --· _______ _
Tennessee. __________________ _

Wisconsin. __________________ _

(')

(')

1

(•)
(')

Total. ___ - _••• -- _______ _

•2

1
•1

----------

12

8

AGREEMENTS TO PURCHASE PARTICIPATIONS IN LOANS TO INDUSTRIAL OR COMMERCIAL BUSINESS
[Under sec. 5d of the Reconstruction Finance Corporation Act, as amended)
Kentucky ___________________ _
New Jersey __________________ _
New York ___________________ _
South Carolina ______________ _

l

1
1
•2
1

11I

Washington _________________ _
Total __________________ _1 - - - - r - - - 6
3

TOTAL, SEC. 6d OF THE RECONSTRUCTION FINANCE CORPORATION ACT, AS
AMENDED
[Loans on the assets of closed banks and trust companies)
Michigan ____________________ _
Nebraska ____________________ _

15

Total. _________________ _

10

5

10

TOTAL, EMERGENCY RELIEF AND CONSTRUCTION ACT OF 1932, AS AMENDED
Texas _______________________ _
Puerto Rico _________________ _
Total __________________ _

t········1

1 -----------

I I

2 -----------

LOAN ON
[Under

sec.

A

SELF-LIQUIDATING PROIECT

201 (a), title II, of the Emergency Reller and Construction Act or 1932, as amended]

Texas __ • - ------------ ______

--1

l

1-----------11

See footnotes at end of table.

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19

REPORT OF RECONSTRUCTION FINANCE CORPORATION

TABLE 3.-Number of authorizations, and number of new borrowers, etc., to which
authorizations were made, by States, during the first quarter of 1937 1-Continued
LoA.N FOB FINANCING

or

AGRICULTURAL Co:&DIODITIES

[Under sec. 201 (d), title II, or the Emergency Relier and Construction Act or 1932)
Number Number
of author• of new
izations borrowers

State

Number Number
or author- of new
izations borrowers

State

--Puerto Rico ..................

1

-----------

TOTAL, ACT APPROVED MAR. 9, 1933, AS AMENDED
Number Number Less du• Net num•
or au• ofnewbor• plica•
ber of
t~r~~t r°i:t~7·
tions
n;!,~~·

State

- - - - - - - - - - - - - - - - - - - - - - · I - - - - ---- ---- ---1 ...•••...• --········ .•.•.••..•
1
1
1
2
1 ••••••.•..
1
1
1
1 -·········
4
4
3
1

g~~fPL:::::::::::::::::::::::::::::::::::::::::::::::::::
Montana .••••••••...•.••.••••••••••••..•••••.••.••.....••..••••
New York ••••..•.•.••.••••••••••••••..••.•••.••••.•.•.•..•••••
Texas ••••••.•.••.•••.•••••••••••••• •· •••• ••··•······•••········
Total ....•.. _•.•.•••...••••••.••.•••••.•••••••••••••.••..
Export•lmport Bank of Washington• •••••••.•••.•••.•••...••••
Grand total ••••••••••••••••••••••••••••••••••••••••••••••
LoAN ON PBICl'BBBBD STOCK

or

2

2

2

----1-----1----

11
9
4
6
1 •.•••••••. ···••····· ••·•·•···•

- - - ------->----12

5

4

9

A BANK

[Under tbe act approved Mar. 9, 1933, as amended)
Number Number
or au•
of new
tboriza• borrowers
tlons

State

---

1

1

New York ....................

Number Number
orau·
or new
thoriza· borrower
tions

State

SUBSCRIPTIONS FOB PBIU'ICilBICD STOCK 01' BANKS AND TRUST COMPANIBS

[Under tbe act approved Mar. 9, 1933, as amended)

gf:o;;i,1:::::::::::::::::::

I

Montana .••.•••..•••••••••.••
New York .••••.••••••••••.•••

PUllClliBICS

or

1
1
1
1
3

I1
1
1
3

Texas ••••••••••••.••••••••••.
Total.. •..........•.••..
Export-Import Bank or
Washington ••.••••••••.•••.

8

Grand total .•......•.•.

9

CAl'ITAL NOTICS OB DBBICNTURICS

or

7

1 ....••••••
7

BANKS AND TRUST COMPANIICS

[Under the act approved Mar. 9, 1933, as amended)
MissourL ••••••••••••.•..•••••
Texas.........................

µ,1------- ---11

Total...................

1

1

2

1

TOTAL, SEC. 36, TITLE II, OF THE EMERGENCY FARM MORTGAGE ACT OF 1933, AS
AMENDED
[Loans to drainage, levee, irrigation, and similar districts, etc.)
Arizona ••.••••••.•.•.••...••.
Arkansas •••.... -·· .•.........

California.••..••••••••..•.•••
Colorado._ .••.•••... -•..•••..
Florida. ••..••••.•••........•.
Idaho .•• ----··· ••.•••..••••••
Illinois ••••••••. --·· •..•.•••••
Iowa •••••.•...•••....•••.••..

•2
lO

11

•s

3
• 2

I I
118
II 2

113

II]
IS 2

•2

3
111

•s

if
~i.!:4>~1:::::: :::::::::::::
Missouri. .••.••••....•...••..

(')
168
86

Oregon •••......••.•......... _
Texas .•.......... -.... -. -..• Washington ...•••............

I )3

Total.. ...••.••...•...• _

69

(")

II)

•1

2
12

3

1

II

Bee footnotes at end or table.

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23

20

REPORT OF RECONSTRUCTION FINANCE CORPORATION

TABLE 3.-Number of authorizations, and number of new borrowers, etc., to which
authorizations were made, by States, during the first quarter of 1937 L-Continued

TOTAL, ACT APPROVED APR. 13, 1934, AS AMENDED
Loans to finance the repair of damage by earthquake, flood, or other catastrophe in 1933, 1934, 1935, and 1936
1

Number Number
of author- of new
izations bottowers

State

Number Numher
of author- of new
lzations borrowers

State

____________,____,_____, - - - - - - - - - - - - - - - - ----

Georgia _____________________ _
Massachusetts _______________ _
Mississippi __________________ _

I

3

2

7

7

1

Pennsylvania ____ -----------_
Total.. ___________ -- ----

2

1

13

10

TOTAL, SEC. 14 OF THE ACT APPROVED JUNE 19, 1934, AS AMENDED

10

[Loans to borrowers engaged in the mining, milling, or smelting of ores]
Alaska __ --------------------Arizona ____________ ---------California ___________________ _
Montana ____________________ _

83

8

2

3

3

1
1

1
1

Virginia _________________________1 _ L - 2
Total..__________________

91

8

TOTAL, ACT APPROVED AUG. 24, 1935
[Loans to or for the benefit of tax-supported public-school districts, or other similar public-school authorities,
in charge of public schools]
Arkansas _____________ ---- -__

-I

1 "Borrowers, etc.", includes applicants to which loans have been authorized and institutions in connection with which purchases of preferred stock, capital notes, or debentures have been authorized.
• Not included in the State totals shown above because the operations of the borrowers, etc., ordinarily
are not confined to any one State.
• During the first qunrtcrof rn·;7, 5 authorizations made prior to the first quarter were completelyreseinded.
These rescissions have not been deducted from the number of authorizations made during the quarter,
Inasmuch as the authorizations were made during prior quarters.
• During the first quarter of 1937. 2authorizations made prior to the first quarter were completely rescinded.
These rescissions have not been deducted from the number of authorizations made during the quarter, inasmuch as the authorizations were made during prior quarters.
• During the first quarter of 1937, 1 authorization made prior to the first quarter was completely rescinded.
This rescission bas not been deducted from the number of authorizations made during the quarter, inasmuch
as the authorization was made during a prior quarter.
• During the first quarter of 1937, 3 authorizations made prior to the first quarter were completely rescinded.
These rescissions have not been deducted from the number of authorizations made during the quarter,
Inasmuch as the authorizations were made during prior quarters.
• During the first quarter of 1937, 7 authorizations made prior to the first quarter were completely rescinded.
These rescissions have not been deducted from the number of authorizations made during the quarter,
inasmuch as the authorizations were made during prior quarters.
• During the first quarter of 1937, 1 authorization made prior to the first quarter was completely rescinded.
This rescission· has not been deducted from the number of authorizations and the number of new borrowers
during the quarter, inasmuch as the authorization was made during a prior quarter.
• Includes 4 borrowers to whom Joans were authorized prior to the first quarter of 1937, under sec. 5, as
amended, of the Reconstruction Finance Corporation Act, such borrowers being included under that section
In previous quarterly reports. During the first quarter of 1937 authorizations were made to these borrowers
under sec. 5e of the Reconstruction Finance Corporation Act, as amended.
10 During the first quarter of 1937, 10 authorizations made prior to the first quarter were completely
rescinded. These rescissions have not been deducted from the number of authorizations made during the
quarter, inasmuch as the authorizations were made during prior quarters.
11 During the first quarter of 1937, 9 authorizations made prior to the first quarter were completely rescinded •
These rescissions have not been deducted from the number of new borrowers during the quarter, inasmuch
as the authorizations were made during prior quarters.
11 During the first quarter of 1937, 1 authorization made prior to the first quarter wa.s completely rescinded.
This rescission has not been deducted from the number of new borrowers during the quarter, inasmuch as
the authorization was made during a prior quarter.
13 During the first qnarter of 1937, 2 anthorizatlons made prior to the first quarter were completely
rescinded. These rescissions have not been deducted from the number of authorizations and the number of
new borrowers during the quarter, inasmuch as the authorizations were made during prior quarters.
" During the first quarter of 1937, 2 authorizations made prior to the first quarter were completely
rescinded. These rescissions have not been deducted from the number of new borrowers during the quarter,
Inasmuch as the authorizations were made during prior quarters.
1, During the first quarter of 1937, 4 authorizations made prior to the first quarter were completely
rescinded. These rescissions have not been deducted from the number of authorizations made during the
quarter, inasmuch a.s the authorizations were made during prior quarters.

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REPORT OF RECONSTRUCTION FINANCE CORPORATION

21

4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, and disbursements from Feb. 2, 1932, to JI.far. 31, 1937, inclusive, by States 1

TABLE

GRAND TOTAL

N u~ber Number Amount authornuthori- of borized
zations
rowers

State

Alabama ______________ _____ _

Arizona ____________________ _

Arkansas ___________________ _
California __________________ _
Colorado ___________________ _
Connecticut ______________ ___
Delaware __ : _________ _______ _
District of Columbia _______ _
Florida _____ _______ -- -- -- -- -Georgia ___ ________ __________ _
Idabo __ _____________ _______ _
Illinois _____________________ _
Indiana ____________________ _
Iowa _______________________ _
Kansas ___ __ ___________ __ ___ _

f;~~~~L~==:::::::::::::::

Maine ______________________ _
Maryland __________________ _
Massachusetts ______________ _
Michigan ___ _________ _______ _
Minnesota _____ _____________ _

~:~"ii~f~!::::::::::::::~:::
Montana _______ ____________ _

Nebraska ____________ _______ _
Nevada ____________________ _
New Hampshire __ __________ _
New Jersey __ _____________ ___
New Mexico____________ ____ _
New York _______________ ____
North Carolina __ ________ __ __
North Dakota____ _____ __ ____
____ -------------------_
Ohio
Oklahoma
________ __________
Oregon ___________ ___ ____ __ __
Pennsylvania.. ___________ ___ _
Rhode Island _______________ _
South Carolina ___________ ___
South Dakota ______________ _
Tennessee ___ ---- - _- ----- ---Te.,as
______________
-------------------Utah ___
_________ _
Vermont __________ -------- __
-- --________
- - - -- ---________
-- - --- --_
Virginia_
Washington
West Virginia ___________ ___ _
Wisconsin _______ --- ________ _

Wyoming __________________ _
Alaska _______ --------------Hawaii _____ _____ --- - -------Puerto
Rico_---------------Virgin Islands
______________ _
Tota} ___ - - - - --- ---- --__
Authoriz:3.tions:
Loans to The

Amount withdrawn or can-

celed

Amount disbursed

496
96
690
827
294
267
23
129
375
710
236
I, 845
945
I , 126
585
617
681
199
347
520
! , 252
932
752
I, !20
286
! , 263
67
52
I, 170
92
!, 610
576
363
I, 4ll
418
432
2,038
29
234
446
695
I, 258
217
151
499
843
478
1,400
110
12

275
63
480
468
204
168
21
46
286
522
l~O
!, 101
659
713
438
388
341
107
241
395
717
622
459
741
162
401
35
45
796
59
1,153
406
2fi4
I, 023
208
220
I, 336
21
141
299
4JJ
897
132
103
340
372
286
I, 018

5
3

4
19
I

$37,06 1, 747. 75
23,742,009.86
63, 754, 119. 72
595, 260, 070. 46
26, 169, 186. 63
33,028,030.41
3, 349, 500. 00
37,028.434. 01
24, 970, 987. 23
Zl, 251. 007. 93
I 5, I :is, 865. 99
438, 31 I, 02'3. 04
81, 494, 365. 54
89,562,847. 33
20, 724, 95 I. 49
51,123,911.07
212, 707,782.00
77,570,229.02
141 , 096,160.25
97. 966, 4 I 2. 32
509,351,287.14
39, 769, !08. 26
45, 197, 028. 52
122,020,951.39
15,017, 477.22
24, 344, I 23. 50
12,417,219.04
5, 646, S.,3, 00
241, 063, 983. 78
10, 904, 525. 81
754,008, 180. 82
69, 079, 250. 20
14, JI 0, 206. 73
561,499,595. I 7
26, 303, 404. 34
25, 788, 004. 21
337, 176, 962. ,56
7, 492, 877. 54
36, 031, 525. 24
18, 863, 309. 13
117, 683, 532. 49
130,097, 544. 73
22, 460, 215. 94
Zl, 008, 596. 63
45, 032, 630. 70
64, 980, &58. 44
46, 885, 260. 06
124,855,916. 13
6, 354, 398. 62
1, 073, 500. 00
1, 444, 935. 00
5, 532, 500. 00
251,000.00

31,245

19,801

5, 567, 058, 200. 39

a 57

12

• 399, 636, 000. 00

8

8

9, 250. GOO. 00

I, 343

12

178,840,4 52.48

5,596, 81 l. 76

173, 243, 640. 72

154

74

628, 519, 795. 00

106, 393,555.89

517, 126, 239. 11

53, 370, 955. 22

33, 146, 368. 56

20, 22s, 586. 66

23

53
11

$5, 177. 719. 82
I. 157, 008. 49
JO, 461,216.07
37,684,821.61
4,825, 703. 77
5, 162,962.01
2, 232, 300. 00
4,612,536.01
5, 356, 778. 49
6, 139, 128. 46
2, 173. 500. 71
52,897,1 77.66
14, 097, 060. 44
14,518,925.06
2,886, 716. 21
10,846,857. 74
84, 980, 3G6. 24
10,900,931. 25
14,745,247.55
15,582,903. 58
100, 836,859. 33
5, 648, 777. 49
4,746,185.43
31,646,204. 22
I , 289, 948. 76
3, 785,732.50
I, 189,489. 28
1,119,254.92
30,052,981.34
1,361,976. 78
58,929,267.30
13, 398,887.35
1,564,718.22
98,690, 134.35
2,001,417. 48
4, 111, 676. 36
66, 739, 366. 36
761,547.55
4,929, 124. 79
4, 043, 958. 09
15,363,122.58
17,203,047. 70
3, 984, 916. JI
2, 162, 170. 27
7,935,004.18
18,015,716.02
5, 088, 002. 26
18, 978, 317. 35
844,137.60
36,000.00
2 I4, 103. 00
1,138,382.18
126, coo. 00

$31,722,048.51
9, 849, 210. 73
47,180,682.63
483,151,748. 61
20,238,222.47
26,198,040. 72
I , 117, 200. 00
31,116,998.00
16, 605, 871. I 7
20,429,433.47
I 2, 259, 499. 70
378,338,380. 64
66, 244, 229. 01
74,824,418. 50
16,817, 274. 63
38,661,499. 59
I 26, 731, 221. 98
66. 501, 797. 77
125,081,514. 77
80,793,603.57
405,913, f,83, 30
34, 022, 555. 30
39,922,771.67
85, 790, 787. 21
13, 298, 129. 85
19,724, 265. 71
8,027,372.82
3,829,569.22
206,326,867.38
9,314, 934.90
557,596, 934. 50
55,458,569.84
12,352,825.54
133, 758, 122.88
24, 175,570.3 1
19, 489, 397. 04
263, 869, 927. 68
6,731,329. 99
29. 933,440.45
14, 735, 614. 93
101,347,126.17
109,206,825. 74
18, 196, 287. 56
24, 784, 22G. 36
36,915,580. 2G
45, 785,627.42
39, 994, 221. 41
105, 458, 798. 78
5,341,261.02
467,500.00
1, 230, 832. 00
4,190,808.64
125, 000. 00

t - - - - - - - t-- -- - - 834, 376, 288. 32

4, 411, 179, 662. 35

RFC

Mortgage Co.2 ________ _

Loans to Federal land
banks•---------------Loans to Federal intermediate credit banks'Loans to regional ngri<'U.ltural creuit corporations (re<liscounts)• __
Loans to railroads (including receivers and
trustees)'- ________ __ __ _
Loans for finRncing exports or agricultural
surpluses•------------See footnote at end of table.

6

2ll, 170, 864.00

36,959, 139. 94

7

12, !00, 000. 00

4 387,

236,000.00

9, 2,50, 000. 00

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22

REPORT OF RECONSTRUCTION FINANCE CORPORATION

4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, and disbursements from Feb. 2, 1932, to Mar. 31, 1937, inclusive, by States 1-Continued

TABLE

GRAND TOT AL-Continued

State

Number Number
anthor•
of
of bor• Amount
authori• rowers
ized
zations

Authorizations-Contd.
Loans to Secretary of
Agriculture to acquire
cotton•..•.............
Loans to Commodity
Credit Corporation•...
Subscriptions for stock
RFC Mortgage
of
Co.The
___________________

Amount disbursed

2

1

$23, 500, 000. 00

$20, 200, 000. 00

$3, 300, 000. 00

13

1

1,222, 108, C64. 99

366, 235, 571. 68

64.6, 452, 782: 73

3

1

25, 000, 000. 00 -

-- ---------------

25, 000, 000. 00

3

1

45, 000, 000. 00 -

----------·------

20, 000, 000. 00

--------------

2, 500, 000. 00

2

Subscriptions for pre•
!erred stock of Export·
Import Bank of Wash·
ington '···············
Rub~cription for pre!erred stock of Second
Export-Import Bank
of Washington, D. C.I.
Loan to R urn! E lcctrification Administration•.•
Grand total. ••.•••.••.

Amount with•
drawn or canceled

1

1

2, 500, 000. 00 - ---

1

1

1, 000, 000. 00

32,843

19,917

8, 192, 743, 208. 02

-----------------1, 378, 348, 506. 21

598,000.00
• 6, 245, 281, 775. 57

AMOUNT OF DISBURSEMENTS FOR RELIEF UPON CERTIFICATION OF GRANTS BY
THE FEDERAL EMERGENCY RELIEF .~DMINISTRATOR, UNDER TIIE FEDERAL
EMERGENCY RELIEF ACT OF 1933, FROM FEB. 2, 1932, TO MAR. 31, 1937, INCLUSIVE,
BY STATES
State
Ala barns ...•••••••••••••.•••••••.•..
Alaska ......••••••.•••••••••••.•••.•
Arizona ____________________________ _
Arkari sas ____ .. _.............. ____________ .. __
California .•••.••..••••••••••.•.•....
Colorado .........•...•..•••.•••••.••
Connecticut............•••••••••••••
Delaware .............•••.•••.•••..•
District of Columbia.•••••..•.••....
Florida...•••..•..•••.••••....•..••••

i:':~if
~= :::::::::::::::::::::::::::
Idaho .•...•••••••..••••..•...•.•....
Illinois .•.•..•....••.........•••••••.
Indiana ..•••.•.•.•.•...••••.•..•.•..
Iowa. .•.•••....••.•.•••••••..•....•..

Kansas ....••••••••.•.••••..•........

Ei~t~~~t::::::::::::
::::::::::::::
Maine ......•••••••••••••.•••.••••..
Mary land .•.........•••••..••.•••••.
Massachusetts .•.......••......••.•.
Michigan ...••.•.•.•.........••.•...
Minnesota .•.••....•.•.....•........

~:~~~fpi... .......................
Montana .••...••...•.••.•..••••••••.
Nebraska ....•••..••••••••••••••••••

Amount dis•
bursed
$8,994.391
349,629
2,834, 146
7,410,249
15. 823,535
3. 925,050
4,594,154
1,010,708
1,056,174
13. 347,232
7. 705,354
1,110,561
809,957
52,240, 0~8
11,259,425
5,248, 789
2,732,726
5,945,118
13,034,157
1,251,414
7,171,098
11,355, 140
31,369, 782
8,831,959
8,550,286
6,685,494
2,853.357
2,125,699

Amount dis·
bursed

State
Nevada.............................
New Hampshire....................
New Jersey.........................
New Mexico........................
New York..........................
North Carolina.....................
North Dakota.......................
Ohio................................
Oklahoma...........................
Oregon..............................
Pennsylvania.......................
Puerto Rico.........................
Rhode Island.......................
South Carolina......................
South Dakota.......................
Tennessee...........................
Texas ........•...........••••• ••••••
Utah................................
Vermont............................

~:~~:~i!~~~~~~:::::::::::::::::::::::

Washington.........................
West Virginia.......................
Wisconsin...........................
Wyoming...........................

. Total._.......................

See footnotes at end of table.

Digitized by

Google

'370,801
966,436
15,423,438

889, 188
· 63,131,826
9,700,990

3, 612, 520
36, 763, 382
6,309,005

3,213,315

44, 106, 509

1,970, 201
1,870,967
10,424, 200

7, 035, 597

6,369, 196
13,249,874
1, 723. 352
481. 544

5,
~~
5,627, 175
11,090,599
9, 619, 053
100,383

:!:

1-----499,650,000

REPORT OF RECONSTRUCTION FINANCE CORPORATION
TABLB

23

4.-Number of authoriwtiofl3 and borrowera, to which authorizationa were

made; and amount of authoriwtiona, withdrawala or cancelationa, and disbursementa from Feb. J!, 1991!, to Mar . 91, 1997, incluaive, by Statea I-Continued
TOTAL, SEC. 6 OF THE RECONSTRUCTION FINANCE CORPORATION ACT, AB
AMENDED

State

Number Number
of author- of horlzations rowen

Alabama.-------------·.·--·

California •• ---··-·---·------

Colorado.·-·----·--···-·--··
Connectlcot___ ··--·-····· ••.
Delaware .••••••••• ·--· •••••.
Dislrlct or Columbia _____ . _.
Florida. ••••••••••••.••••.••.
Georgia. •••• ·-·-- •• -- ·- - -- - - -

Louisiana. - - - ----- ·-------··
Maine .. ·-·-··-----·--------Maryland ___ ·-·-·-·--------M&IIIBChusetts--·----·------Michigan.. __ --------- •• -·-- __
Minnesota. _____ .·--------· __

:=~-!::::::::::::::::::
Montana ________ .. ... . ____ ..

3, 235, 307, 965. 16

7
157

1
12

36, 059, 139. 94
• 399, 636, 000. 00

8

8

9, 250, 000. 00

707
299
625
170
199
173
34
120
80
429

558
266

290

254

1, 'lJJ7
7
155
262
481

606
131
82
261

Wublngton ·-· ____ ------ ___ .
West VirgloJa_---····-·-·-··
Wisconsin .• ____ ••• --·.···--·
Wyoming.··-----·-·········
Alaska.-····
· ····----·
· ·-·-Hawaii.
. __ ..•.
______________
Puerto Rico •••••• - • - • -- •• - --

603
322

828

Total •• __ - - - - - - • - - • -- - .

Loans:

To The RFC Mortgage
Co.I.-----·--- - - ·-----To Federal land banks t_
To Federal Intermediate
credit banks•--------To regional agricultural

Grand total_-··-----

9,020

303

161
771
320

Teas_________
__ ----- -- - -----·· -- ---Utah
·-.-- ----· · --··
Vermont._. --- -------·-···-Virpnia •• - - · . --------. ---·--

u

138
1,404
627
919
299
399
422
114
207
173
910

360

T ~----··--·----------

163
18
197
199
87
3
30
127
160

645
142
467
33
18
692
41
527

Nebraska._.·---- -- -.. - -·-·-·
Nevada._ .. · ·----·--·--·-· - New Hampshire. ____ -·· __ •••
New 1erseY-··--··--·-···---New Mex!CO.----···--- --·--·
New
•••• ------------···
NorthYork
CarolJna.
___________ ..
North Dakota. ______________
Ohio ••• __ .--·-----·--------Otlaboma. _••• - -- - --- - - - - - -Oregon .. . . ____ .. ----------·Pennsylvania.- ---·-·-·---Rhode
181and ______________
•.
Soulh Carolina_______ ------South Dakota _______________

==-~~~~~-~-":.

17,863

90

3
109
174

Idaho. __ .·------·- -- ·--- ---Illinois. __ ----·-·----·------Indiana. __ ··-------- .• -·---Iowa_.··-- · -·--···-·-----·-Kamas
_____
.. --·-·-·---·--Kentucky
_____
• _____________

To railroads (Including
recelveraand trustees)•.

74
2
2
6

19
257
205
85
463
146
87
818
3
77
134
223
308
60
37
135
169
160
526
23
2
2
3

$15, 318, 876. 42
3, OU, 300. 00
32, 098, 765. 33
208,867,103.50
8,622,071.29
20,587,785.41
257,000.00
31, 700, 434. 01
10, 327, 430. 82
13, 735, R92. 50
8, 269, 781. 61
242, 960, 682. 99
63, 699, 823. 00
73, 109, 715. 13
9, 224, 079. 22
23, 643, 355. 65
119, 386, 276. 71
64, 223, 434. 02
103, 686, 528. fi8
70, 829, 903. 32
420, 675, 440. 05
17, 086, 379. 13
19,196,237.03
76, 952, 558. 01
6, 635, 700. 41
13, 102, 223. 59
7,524,032. 11
1, 794, 000. 00
135, 132, 038. 41
2, 697, 215. 05
299, 223, 498. 85
50,073,664.86
7,944, 784. 75
431,685, 609. 50
0, 846, 524. 53
11,250, 831. 43
226, 789, 065. 81
2, 223, 287. 54
25, 763, 495. 24
12, 001, 993. 72
83, 009, 338. 50
65, 201, 248. 83
13, 313, 831. 62
10, 014, 096.• 63
24, 275, 675. 99
{2, 754, 930. 21
28, 806, 046. 61
70,296,469. 61
4,470,498. 62
100,000.00
850,000.00
1, 218, 000. 00

339
41
373
486
150

ArlsoDB.-------··---·---·--·
ArltaDIIIIII
.•••• _. _____ • __ • ___ .

Amount
authorized

66

135
331
61
195
12
13
(34

Amount with•
drawn or
canceled
$4, 'JJJT, 294. 82

Amount
disbursed

372,694. 25

$11,111,581.60
2,754,251. 73
25, 692, 546. 05
198, 383, 946. 46
7,123,048.32
18, 103, 739. 72
249,000.00
28, 130, 498. 00
6, 248, 628. 43
10,817,589.37
7,361,080. 76
199, 900, 230. 58
42, i78, 287. 56
61, 492, 836. 86
7, 273, 680. 41
18, 762, 242. 79
87, 769, 684. 62
66, 355, 579. 81
91, 185, 106. 77
61, 206, 321. 65
323,814,034. 77
13, 499, 991. 70
16, 5M, 781. 06
62, 759, 573. 26
5,031, 701. 73
JO, 163, 717. 96
6, 750, 166. 97
1, 437, 860. 08
116, 032, 225. 00
1, 891, 546. 03
194, 358, 604. 04
39, 248, 993. 79
6, 896, 636. 42
315,466,742.26
8, 259, 118. 01
8, 918, 080. 50
173,224,721.33
1, 958, 239. 99
21, 786, 765. 11
8, 185, 606. 54
73, 995, 466. 72
56, 567, 729. 79
10, 503, 715. 55
8, 815, 016. 86
19,777,391.08
29, 513, 980. 14
23, 407, 736. 25
57, 663, 586. 69
3, 946, 361. 02
100,000.00
835,897.00
845,305. 75

560, 901, 433. 21

2,654,012,074. 78

281. 448. 27
6, 282, 650. 52
10, 449. 267. 32
1. 499, 022. 97
2, 484. 045. 69
8,000. 00
2,271,036.01
4, 078, 802. 39
2, 918, 178. 13
908,700.85
41,294,547.36
10, 515, 248. 50
11, 542, 678. 27
1, 913, 298. 81
4, 023, 412. 86
30, 973, 292. 09
7, 730, 354. 21
11, 705, 115. 88
9, 249, 78R. 84
95, 473, 346. M
3, 545, 987. 43
2, 594, 055. 97
24, 121, 584. 75
591,998. 68
2, 390, 455. 63
638,865. 14
356,139. 92
17,504,811.01
705,669.02
29, 460, 890. 79
10, 761,128. 06
1,029,948.33
88, 356, 422. 87
1, 560, 989. 97
2, 269, 550. 93
50,967,442.20
265,047.55
3, 873, 430. 13
3, 801, 637. 18
8, 641, 493. 78
8, 48.5, 123. 09
2, 743, 616. 07
2, 088, 4i9. 77
4,406, 047. 91
12, 616, 959. 07
3,845, 710. 36
12, 557, 582. 92
524,137.60

----·---- 14,103.00
--- ---- ------·----------- 12, 400, 000. 00
--------------·-·-

29, 170, 864. 00
• 387, 236, 000. 00
9, 250, 000. 00

1,3(3

12

178, 840, 452. 48

5, 596, 811. 76

173, 243, 840. 72

154

74

628, 519, 7115. 00

106, 393, 555. 89

517, 126, 239. 11

9,127

4, 488,613,352. 57

685,291,800.86

3,670,938, 818. 61

-19,432
--

Bee footnote& at end of table.

Digitized by

Goog Ie

24

REPORT OF RECONSTRUCTION FINANCE CORPORATION

4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, and disbursements from Feb. 2, 1932, to Mar. 31, 1937, inclusive, by States 1-Continued

TABLE

BANKS AND TRUST COMPANIES (INCLUDING RECEIVERS, LIQUIDATING AGENTS, AND CONSERVATORS)

[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended)
Number Number
or author• of bor·
izations
rowers

State

Amount
authorized

Amount with•

Amount
disbursed

drawn or

canceled

---Alabama .... .••..•...•......

Arizona ______ ___ __________ __

Arkansas .......•.•.. .•......
California ..............•....
Colorado .........•.•......•.
Connecticut •. .••...•.•......
Delaware .. ..............•...
District of Columbia.·•··-·Florida __ ... ..........•. _____

Georgia _____________ . ________

Idaho . ...•..................
Ulinois ........ .•... •....... .
Indiana ....•..••...•.. ·-_. __
Iowa .......•. ......•.•....•.
Kansas .•...........•.•.•.•..
K
entucky·······
···········L ouisiana
___________________
Maine _____________ __________
Maryland . .. ... ..... .... ....
Massachusetts..•.. -········Michigan ..•... ..............
Minnesota_ •.. .. . .•........ _
Mississippi..·- --······-····Missouri_ _____ ___ _____ ___ ___
Montana . ... ...... ..........
Nebraska....................
Nevada ... ..................
New Hampshire .............
N ew Jersey. •..... . .......•.•
New Mexico ..............•.
New York ..... .... •.........
North Carolina ..... .........
N orth Dakota ... .. ...... .. ••
Ohio • . .... •... ...... ....... .
Oklahoma .......... ....... ..
Oregon.········-·-··· · ·····Pennsylvania •.••.......••.•.
Rhode Island·--·····--··- · -South Carolina __ ... ..••.....
South D akota .. •....... .....
Tennessee.•-· -· · -·-· -- ·····Texas ... ···-··-··- ..•.......
Utah . .. . •-·--·--·-··--···--Vermont_ .····--·-·--·· ··-·Virginia ______ ·-·-·······---·
W ashington .............. . . .

~r::o~~rt~~~:::::::::::::::
W yom ing ________ ___ ________
~~;~t~::::::::::::::::::::
Puerto Rico ..•.• ·-·· •.....•.
Total.. ..•....•......•.

314
39
310
423
128
77 ·
3
102
150
277
98
I, 255
496
871
289
378
366
l13
149
103
783
545
257
615
98
443
29
18
372
27
417
240
154
499
299
224
1, 099
5
114
251
436
503
93
82
234
377
297
726
41
2
2
5

- - -15,228

3

$12,946. 065. 87
2,06 1,300.00
26,630, 751. 13
126,234,475.25
5, 338, 993. 30
18, 3e3, 211. 73
?,17, 000. 00
30. 510,901.41
8,926,297.83
11,677, 397.99
3, 659, 856. 72
218,503,224 . 00
46. 963, 823. 00
62,920,365. 13
8, 704,579.22
20, 767.927. 65
108, 156. 414. 31
61,023,434.02
62, 187,257.68
4?.. 058, 700. 00
399, 5.36, 510. 12
13,652, 87P. 13
18, 463, 259. 36
62, 397, 308. 01
3,022,987. 51
7,841,848. 59
5, 928. 725. 92
1, 794, 000. 00
80, 772, t,23. 30
I, 513, 773. 54
11 6,383, 188. 01
37,796,1 87.51
7,649, 284. 75
320,691,326.68
4,691.874. 53
9. l 05, 880. 88
214, 389, 359. 65
1, 7,55, 811. 54
21,325,946. 13
5, 114. 916. 70
78,592,431.50
31,498,474.80
8, 00 I. 388. 52
10,914,096.63
20,315,808.67
31, 467,510. 09
24, 670, 555. 84
41,618,990.81
l, 486. 574. 42
JOO. 000. 00
850,000. 00
1, 218, 000.00

7,367

2, 462, 453, 535. 38

138
16
158
159
72
30
3
25
Ill
146
50
610
274
494
161
179
132
33
76
48
341
279
129
313
52
'183
9
13
149
14
191
11 8
79
265
127
80
529
2
53
127
199
239
55
37
116
147
138
444
17
2
2

$3, 632, 841. 96
181 ,448.27
5, 628, 656. 25
8,500,287.99
1, 129, 192. 13
2, JI 9, 560. 17
8,000.00
2,271.036. 01
3, 940, 182. 78
2,424,315. 55
757, 710.33
33, 250, 996. 52
9, 146,460.8 1
8,446, 714. 28
1. 777,815.47
2,596, 124.47
28, 769, 178. 89
7,730,354.21
8,847,408. 22
6, 003. 079. 83
89, 825, 077. 77
3. 468, 999. 66
2, 583, 353. 19
21,989,41 1.16
367,339. 61
1,43 1, 8 13.51
223,394.36
356,139.92
10, 334, 425. 60
539, 419. 14
18. 948,281.47
9, 709, 258. 55
I, 02 1, 680. 58
56,935,837.45
!, 437,556.41
1, 548, 578. 38
48, 585, 269. 23
~52. 784. 55
2,497. 237. 52
I , 055, 263. 38
6, 498, 829. 81
4,969,672. 22
2, 387, 022. 37
2, 088, 479. 77
3,312,852. JO
11.657,044.30
3, 142, 165. 66
10, 228, 500. 82
290,04 1. 53

~9, 313, 223. 91
1. 874, 2~1. 73
20, 009, 253. 40
117, 700, ?97. 54
4. 209,801.17
16,243,657. 56
249. ooo.n.o
27, 290,965.40
4, 986, 115. 05
9, 253, 084. 44
2, 902, 146. 39
183,486.322. 43
37, 4 ll, 075. 24
54,399,450.85
G, 889,663. 75
17, 313. 803. 18
79, 343, 935. 4 2
53, 155. 579. 81
53, 203, 649. 46
35, 961, 720. 17
308, 543, 373. 11
JO, 143,479.47
15,842,506.17
40, 336, 496. 85
2,643. 647. 90
6,391,985.08
5, 705, 331. 56
1,437,860.08
69,812, 214. 11
974,354.40
95, 868, 335. 52
28, 023, 928. 96
6,609,404 . 17
235, 898, 225. 86
3,227,901. 57
7,490, 102. 50
163,240, 100. 29
1, 503, 056. 99
18,725, 408. 61
4, 044. 803. 32
71,730, 001. 69
26. 434 , 394 . 63
5. 547. 866. 15
8,815,916. 86
16. 920,256. E7
19, 806, 465. 79
20,975. 790. 18
31,31 5,189. 99
1,196,532. 89
100. 000. 00
835,897.00
845,305. 75

------ ---14,103.00
-- ------372,694.25
455, 234, 189. 41

1,967, 143, 130. 92

BUILDING AND LOAN ASSOCIATIONS (INCLUDING RECEIVERS)

[Under sec. 5 of the Reconstruction Finance Corporation Act. as amended]
Alabama ....••.........•....
Arkansas ......•.............
California •...•.........•....
Colorado.·····--·--·---·---Connecticut_ .....•......•.. _
Georgia ..........•.••.••.....
Illino)s_ ..• ·- .. _.... _....... .
Indiana.··-···-·········- .. .
Iowa __ -·-·-·-·····-·········
Rentucky ___ ······-···-·····
See footnotes at end or table.

3
45
50
1
8
1
73
16
15
16

3

28
32
1
8

1
70
16
13
16

$111, 000. 00
2, 795, 378. 25
9,805.134. 81
110. 000. 00
549.000. 00
5,000.00
3, 98S, 989. 09
1, 683, 000. 00
1, 132, 800. 00
1, 449, 500, 00

Digitized by

$811, 96
137,014.84
523,756.13
3,263.06
49,242.14

302,971.46
22,179.40
25,110.25
54,488.39

Google

$l10.188.04
2, 658, 363. 41
9,281.378. 68
JO~, 736. 94
499. 757. 86
5,000.00
3,686,017.63
1, 660, 820. 60
1,107,689. 75
1, 395, 011. 61

REPORT OF RECONSTRUCTION FINANCE CORPORATION

25

4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, and disbursements from Feb. 2, 1932, to Mar. 31, 1937, inclusive, by States 1-Continued

TABLE

BUILDING AND LOAN ASSOCIATIONS (INCLUDING RECEIVERS)-Contlnued
Number Number
of author- of borlzations rowers

State

Louisiana. __________________
Maryland ___________________
Michigan ____________________
Minnesota ___________________

32
23
24

~~¥~!::::::::::::::::::
Montana____________________

4
1

Nevada.-------------------New
Jersey __________________
New York ___________________
North Carolina______________
North Dako,ta _______________
Ohio ____ -- -----------------Pennsylvania
________________
South Carolina______________
South Dakota _______________
Tennessee _______ -- ______ ---Tuaa.
- -___ ------ -- - --- -- -Vhglnja
_____________________

1
276
36
85
3
238
77
28
7
6
24
13

5
4

•

Was~.n----------------W~st V1~inJa _______________
W
!SCODSID••• ____ --- - - - - -- - - Wyoming
___________________

Total. _____ ------------

17
89

•
-1,229

Amount
authorized
$3, 273,. 860. 03

Amount withdrawn or
canceled

Amount
disbursed

16
75
2

2,399,417.93
2,091,287.87
107, 500. 00
103,500.00
250,000.00
313,605.00
85,000.00
30, 379, 926. 12
9, 267, 159. 38
3, 580. 018. 30
155,000.00
52, 153, 834. 58
4, 122, 100. 00
1,668,049.11
261,077.02
290,000.00
1, 718, 150. 00
975,662.35
164,000.00
1,626,000.00
9,041,000. 00
641,781.25

$24,186.57
28,696.94
221,494.69
3,226.48
7,502.78
2,230.27
78,068.78
55,000.00
1, 703, 772. 45
1, 961, 134. 86
75,868.94
3,022.75
22, 522, 623. 40
159,297.39
149,228.63
15,011.55
405.15
105,416.04
25,050.90
5,591.24
15,681.12
463,211. 79
72,972.88

$2, 649, 673. 46
2, 049, 703. 06
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
3,504,149.45
151,977.25
29, 631, 211. 18
3, 962, 802. 61
1, 518, 820. 48
246,065.47
289,594.85
1, 612, 733. 96
950,611.45
158. 408. 76
1, 610, 318. 88
8, 577, 788. 21
568,808.37

1,011

146,297, 731. 18

28,817,533.23

116, 559, 180. 02

26
19
16
3
4
1
4
1
254
24
68
2
173
72
19
5
6
20
9
4

INSURANCE COMPANlES
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
Alabama _____ ___ __ __________
Arkansas __ ----------- ____ ___
Colorado ____ __ --- ______ ___ __
District of Columbia ________
Florida-__ --- ----------_
Illinois
__-____
- _______
__________
Indiana ___ --------- ---- ----Iowa
_______
Kansas
___ ___----------------____ __ ________ __
f!~s~~:::::::::::::::::::
Maryland _____ ___ --- ________
Michigan. _______ __ ___ ______ _
Minnesota___ ________ _____ ___
~=~r~_i::::::::::::::::::
N°ellraska ______ ------ -___ __ __
New Jersey __________________
New York ____ ______ ______ ___
orth Carolina.. ____ ______ ___
' orth Dakota ________ ___ ____
N
Ohio ___ ___ ___ _____ -- -- ______
Oklahoma _______ ____ ___ _____
Pennsylvania. ______________
Carolina ______ ________
south
Dakota ___ ____ ________
soath
eunessee
________ - ____ _____ _
'I'
T e.xa.s _ - - - - --- - -- - - ------ ---V
Vi

'~:~~~rt~~~===::::::::::::
Total.. ____ ---------- -See footnotes at end

6
4
1
1
2
27
10
24
7
1
2
6
16
2

3
12
10
6
17
7
2
6
3
6
3
1
4
12
1
3
2
207

3
4
1
1
2
14

1
2
2

$339,050. 00
435,000.00
50,000.00
75, 000.00
33,000.00
6,023, 500. 00
4, 498, 000. 00
3, 653, 000. 00
422,000.00
1, 000, 000. 00
1, 270, 000. 00
13,985,000.00
4; 816,913. 76
28, 500. 00
112,000.00
7, 895, 000. 00
2, 399, 150. 00
902, 000.00
28, 483. 600. 00
1, 932, 500. 00
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, i31. 66
385,196.62
736, 990. 77
60,000.00

133

103, 006, 858. 28

6

13
7
1
2
2
10
2
1
6
6
5
9
5
2
4
2
5
2
1
3
g

$41,300.00
80,000.00

-------------------------------- -----------96,--------042.28
1, 262, 021. 45
102, 290. 84
87,983.34
1, 000, 000. 00
21,943. 75

--------------- -609,394.50
6, 000. 00

--------298,218.63
--- ----- -401,663. 56
88, 500. 00
1, 086, 3fi7. 04
112. 50
5, 000.00
7,033,661. 80
1,950.00
744,325.47

---- --------- ---------------------34,125. 51
44, 083.24
10,104. 37
276,363.58

---------- -------13,331,441.86

$297, 750. 00
355,000.00
50,000.00
75,000.00
33,000.00
5, 932, 457. 72
3, 235, 978. 55
3, 550, 709. 16
334, 016.66

-----------------1, 248, 056. 25
13, 985.000. 00
4, 20i, 519. 26
22, 500.00
112, 000.00
7, 596, 781. 37
1,997, 486.44
813,500.00
27,397,242.96
!, 932, 387. 50
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
60, 000. co
89, 675, 416.42

or table.

Digitized by

Google

26

REPORT OF RECONSTRUCTION FINANCE CORPORATION

4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, and disbursements from Feb. 2, 1932, to Mar. 31, 1937, inclusive, by States 1-Continued

TABLE

MORTGAGE LoAN COMPANIES

[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended)

State

Number Number
of author- of borizations
rowers

Alabama ____________________
Arizona ______________________

Arkansas_ ,__________ _______ __
California ___________________
Colorado ____________________
Connecticut. _____ _____ ______
Distr ict of Columbia ________
Florida ______________________
Georgia ______________________
Idaho ______________ _________
Illinois _________ ------------Indiana ____ ___________ _____ _
Iowa _______________________ .
Kansas _________________ ___ __
Kentucky ___________________
Louisiana ___________________

M aine _______________ ________
Maryland ___________________
Massachusetts ____ _____ _____
Michigan ____________________
Minnesota __________ ________
~:~~f_P_i~:::::::::::::::::
Montana ____________________
Nebraska ____________________
Nevada _____________________
New Jersey __________________
New Mexico ________________
New York _____ ______________
North Carolina ______ __ ______
North Dakota _______________
Ohio _________ __ _____ -------Oklahoma ___________________
Oregon _________________ _____
Pennsylvania ___ ____ _____ ___
South Dakota ______ _______ __
T ennessee _______ ____________
Texas ___________________ ---Utah _____________ ___________
Virginia _______ ______________
Washington ________ ____ __ ___
West Virginia _________ __ ____
Wisconsin ___________________
TotaL __________ ______
Loans to The RFC Mortgage
Co.•---------------------Grand total. __ ________

Amount with-

Amount
authorized

canceled

8

8

4

4
2
16
1
8
3
37
5
54
24
1
27
18
9
23
3
29
57
2
10
16
3
8

3
4
4
10
3
12
1
2
2
1
11
1
23
27
60
4
1
10
1
4
2
25
4
31
11
1
20
16
3
10
1
10
34
2
7
11
3
4

$1,922,760.55
100,000.00
I, 433, 500. 00
69, 342, 403. 44
I , 374,000.00
1,675,000.00
1, 114,532.60
878,032.99
1,786, 994.51
2,414,000.00
10,794,669.90
2"20, 000. 00
2, 773, MO. 00
97,500.00
92,500.00
6, 483, 502. 37
3, 200, 000. 00
25, 114,852.97
28, 667, 648. 32
13, 130, 728. 30
3, 102, 500. 00
nl7, 477. 67
5, 989, 250. 00
156,370.00
695,225.00
1,510,306.19
23, 074, 188. 99
209,000.00
144, 672, 300. 00
5, 683, 958. 96
65,000.00
42, 968, 048. 24
4, 879, 650. 00
1,241,420.25
6,081,475.00
6, 576, 000. 00
3, 094, 657. 00
22, 613, 9i6. 26
1, 285, 000. 00
2, 550, 541. 55
7,755,825.23
72,500.00
6, 488, 762. 92

694

408

463, 899, 699. 21

16

9

I

I

6
9

4
7

6

8
20
3
47
1
4
3
2
18
1
29
64

84

$532, 340. 90
100, 000. 00
332, ms. 02
1,082,750.48
29,903.88
315,243.38

$1,390,419.65

-----------------1, 101,331.98

--- --- --------- -95,719.61
458,864.58
44. 023. 52
6,261,230.38
22,508.08
2, 773, 550. 00
47,500.00
42,500.00
2, 157, 9S2. 88

409

500, 858, 839. 15

68, 259, 742. 96
1, 344, 096. 12
1,359,756.62
764,532.60
782,313.38
1, 328, 129. 93
2, 369, 9i6. 48
4, 533, 439. 52
197,491.92

-- -- ---- ---- ---- --

3, 245, 855. W
4,649,661. 72
67,500.00
3,200.00
1, 410, 724. 69
202.39
40,978.56
360,470. 78
5,374,812.96
60,000.00
7,280,456. 70
006, 044. 19
245. 00
1, 856, 900. 22
121,483.56
692,522.55
1,478,550.11
2, 731, 262. 25
I, 883,700.00
·2, 613, 766. 16
50,000. 00
1, 058, 040. 54
754,891.83
11,500.00
1, 842, 785. 61

50,000.00
50,000.00
4, 325, 519. 49
3, 200, 000. 00
21,886,754.25
25,141,889.80
8, 261, 006. 58
3, 035, 000. 00
514,277. 67
4, 578, 525. 31
156, 167.61
654,246.44
1,014,835.41
16,730,357.22
149,000. 00
63, 554, 410. 30
4, 777, 371. 76
64,755.00
41, 105, 967. 02
4, 758,166.44
548,897.70
4, 602, 924. 89
3,844, 737. 75
1,202, 179. 00
19,946, 222. 10
1, 235, 000. 00
1,482, 964. 01
6, 485, 933. 40
61,000.00
4,645,977.31

55, 620, 86 I. 84

331,495,377.62

-----------------2, 829, 010. 72

36, 959, 139. 94 ------------------

7
701

Amount
disbursed

drawn or

55,620,861.84

29, 170, 864. 00
360, 666, 241. 62

CREDIT UNIONS

[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended)
Massachusetts _______________
Michigan ____________________
Minnesota
__ ---------------New York ___________________
Rhode Island ________________
Virginia _________ ------------

3
1
1
1
2
2

1
1

$74,555.00
65,000.00
10,000.00
20,000.00
467,446.00
5,966.80

Total. ___ ---------- ____

10

7

642,967.80

2
1
1
1

$843. 42
9,504.30
261. 29
20,000.00
12,263.00

-----------------42,872.01

Bee footnotes at end of table.

Digitized by

Google

$73,711.58
55,495.70
9,738.71
455,183.00
5,966.80

600,095.79

"

"

;;

REPORT OF RECONSTRUCTION FINANCE CORPORATION

27

4.- Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations , withdrawals or cancelations, and disbursements, f rom Feb. 2, 1932, to Mar . 31, 1937, inclusive, by States 1- Continued

TABLE

JOINT-STOCK LAND B ANKS

[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]

Arkansas ___ _________________
California ___________________
-Colorado ____________________

'it~1s~ _--------------------

lndia.na
___ ----------------··
Iowa ______
__ . _______________
Kentucky. __________________
Louisiana ___________________
Michigan __ ________ __ ____ ____
Minn~ota ________ __ _________
Nebraska ____________________
North Carolina ______________
Pennsylvania ________________
'South Carolina ______________
Tennessee ___________ -------_
Texas ______ _________ ------ __
Utah ____
--- ---_______________
------- -- --- -West
Virginia
TotaL _________________

Amount with-

Number Number
of author- of borrowers
izations

Amount
authorized

3
4
4
2
2
4
3
1
2
2
1
6
4
1
8
3
4
1
2
- - -57-

$104, 811.41
$590, 000. 00
3, 485, 000. 00
342, 4i2. 72
1, 294, 772. 68
80,763.90
205,000.00 ------ ------- ----1, 383, 306. 72
3, 645, 300. 00
335,000.00
62,078. 76
2, 150, 000. 00
170, 012.90
330,000.00
330,000.00
82, 500.00 --- ---- ----------1, 035, 000. 00
1.58, 213. 06
185,000.00 ------ -- --- - --- --2, 166, 000. 00
516, 000.00
I, 081, 000. 00
69,843.88
376,000.00 ------ -----------2, 185, 000. 00
1, 168,463.98
190,000.00
100,000.00
2, 636. GOC. 00
719,965. 48
550,000.00
], 767. 58
I, 700, 000. 00
400,000.00
24, 221, 572. 68
5, 607, 700. 39

State

1
1
1
1
1
2
2
1
1
1
1
2
3
1
1
2
2
1
1
26

Amount
disbursed

drawn or

canceled

$485, 188. 59
3, 142, 527. 28
1, 214,008. 78
205,000.00
2,261,993.28
272,921. 24
1, 979, 987. 10

-- ------------ --82,500.00
876,786.94
185,000. 00
1, I IG, 000. 00
1, O!l, 156. 12
343,087.85
1,016, 536. 02
90, 000.00
1,916,034. 52
548,232.42
300,000.00
17,040,960. 14

II

I'

AGRICULTURAL CREDIT CORPORATIONS

[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
Arizona. __ _______________ __ _
Arkansas ______ --- _----- __ ___
Colorado ___________________ _
Florida ___________ ------ -- --Idaho _______ ----------------

1
5
4

3
7

2

f;;tiana
--------------New York____
__________
________ _
North Dakota _____ ___ ______ _
Oregon _________ _________ ___ _
Sout h Carolina _____ ________ _
Tennessee ___ ___ _- -------- __ _
Texas ____ ---- ---- -------- --Washlngton _______ ---------TotaJ. _______ ----- -- -__

2
2

1

15
1
2
2

203
250

1
2
2
1
1
1
1
1
1
1
1
2
1
4
20

$880, 000. 00
214, 135.95
71, 455.31
435,000.00
63,889.60
480,000. 00
120, 000.00
397, 251.46
1, 000. 00
116,790.30
58,500. 00
124,250.00
95,491.08
3, 063, 103. 89
6, 120, 867. 59

---------- ------------------ --- --$11,500.00
----------------5, 167.00

$880. 000. 00
183,408.67
59,955.31
435, 000.00
58,722.60
455,000. 00
120,000. 00
232, 590. 74
1,000.00
116,790.30

25,000. 00

----- --------- --164,660. 72
---- ------------- -----------------58, 500. 00
124, 250.00
6,239. 95
81,931.70
477, 249.37

------ ----- ----- -89,251.13
2,931.172. 19
5, 562, 890. 94

LIVESTOCK CREDIT CORPORWJ'IONS

[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
Colorado_----- ------- ------Idaho ____ ------------------ MissourL____
__ - --------------Montana
_____
_______ ____
New Mexico _________________
Oregon ____________ ---------_
Texas ____ --- ------- --------Utah
___ __ ----------------W ashlngton
__ --_________
___
Wyoming __ ---------------- TotaJ. ___ ----- - ---- __ --

4
30
1
38
9
4
4
35
1
29
155

2

2
1
3
1
1
3
2
1
4

20

$382, 850. 00
2, 132, 035. 29
421,000.00
2, 142, 250. 00
874,441.51
270,740. 00
2, 468, 425. 03
3,477,443. 10
247,500.00
2,342, 142. 95
14,758, 827. 88

$244, 400. 00
101,800.00
421, 000. 00
145,900. 00
106,249. 88
28,450.00
25,980.00
304,826.12
117, 500. 00
161, 123. 19
I, 657,229. 19

$138, 450. 00
2, 030, 235. 29
1, 996, 350. 00

768, 191.63
242,290.00
2, 442, 445. 03
3,172, 616.98
130, 000.00
2,181,019. 76
13, 101, 598. 69

PROCESSORS, OR DISTRIBUTORS SUR1ECT TO PROCESSING TAXES

[Under sec. 5 of tbe Reconstruction Finance Corporation Act, as amended]
Connecticut_________________
1
Ken tucky_-- ---------------1
Montana_____ ____ ___________
1
New Jersey_ _________________
1
Ohio ___ ---------------- --- -1
Pennsylvania______ __________
1
Tennessee-___ ______________ _
1
1
- - - - - - -TotaL_____ __________ _
7
7

$567. 68
$567. 68
3,428.00
3,428. 00
487. 90
$487. 90 _____ _____ _____ __ _
3,300. 00
3,300.00 - -- - - ---------- --7,400. 00
7,400.00 ------ -- ------- --3, 905.69 _________ _________
3,905.69
7,000. 00
183. 31
6, 816.69
- - - - - ' -- - -1 · - - - -- -- 1-- - - - ' - -26,089. 27
11, 371.21
14, 718. 06

Bee footnotes at end of table.

Digitized by

Google

28

REPORT OF RECONSTRUCTION FINANCE CORPORATION

4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, and disbursements from Feb. 2, 1932, to Mar. 31, 1937, inclusive, by States 1-Continued

TABLE

STATE FUNDS CREATED FOR THE PURPOSE OF INSURING REPATil:ENT or DEPOSITS or PUBUC MONEYS
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
Number Number
of author• of bor•
izations
rowers

State

Wisconsin .••..••••••••••••••
Total. •..... ·--········

3

--3

Amount withdrawn or
canceled

Amount
authorized

Amount
disbursed

1

$13, 0!7, 715. 88

$23, 084. 70

$13, 064, 631. 18

1

13, IB7, 715. 88

23,084. 70

13, 064, 631. 18

BORROWERS ENGAGED IN

THE

FISHING INDUSTRY

[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended)
Florida ...•.•••••••..••••••••
Georgia .......••........••..
Massachusetts ......•.•....••
Oregon ..•......•..••...•....
B~ut_h _Carolina .•.•.•.•....••
Vrrgm1a. ·············-· ....•
Washington .•••.•••••.••..•.

11
3
3

9
2
3

2

2

Total. •.• ··--·····-···-

1
1

1
1

2

2

. $55, 100. 00
61,500.00
29,000.00
525,000.00
22,000.00
42,500.00
57,000.00

23

20

792,100.00

$42,900.00
35,000.00

$12,200.00
26,375.00
29, 000. 00
520,000.00
22,000.00
42,500.00
2,000.00

77,900.00

654,<115.00

TOTAL,• SEC. 5c OF THE RECONSTRUCTION FINANCE CORPORATION ACT, AS
AMENDED
[Subscriptions for stock of mortgage Joan companies]
Illinois ..• ·······-··· ••••••••
New York •..•.•.•.••.••• _•..
Total. ...••.......•.•••
The RFC Mortgage Co.• •••.

2
3

Grand total. .•...•••••

5

$1, 250, 000. 00
500,000.00

$1, 250, 000. 00

26, 750, 000. 00

1, 250, 000. 00

2

1

25, 000, 000. 00

TOTAL, SEC. 5d OF THE RECONSTRUCTION FINANCE CORPORATION ACT, AS
AMENDED
[Direct Joans to industrial or commercial business. including participations]

•

A la barn a ...... __ ........ _...
A rizona __ __________ _________
A rkansas __ .. _... ___ . _. ___ .. _
C alifornia ___ ----···-··-·-··C olorado. _-···-··--···--····
C onoecticut .• __ . __ .. __ ......
D elaware ___ ________________

39

I

37
19
8
32
3
8
70
117
14
96
47
19
40
33
14
8
37
117

D istrict of Columbia ......••
F lorida . ..•.. _____ •. _.....••.
G eorgia ___ • ·-·---···········
I daho .... -··--··-···-·······
I llinois_ .. ···-········-····-In
diana .... -······ ·--·······
I owa ____________ __ ____ _____ _
Kansas._._._ .•.....• _.....• _
K entucky _. · · ·····---·-· ....

76
128
16
104
49
21
41
35

M ass~chusetts .. ___ -··--- - __
M 1ch1gan _.... ___ ____ ···-- - _
M innesota __________________
.............•...
M ississippi.
M issouri ________________ ____
M ontana ____________________
N ebraska................ . _••

8
42
128
G6
39
19
82
15
27

uisiana___________ ________
Loaine
_____ ________ __________
M
M aryland .. ............. ____

37

I

38
24
10
37
3
11

14

64

37
19
75
14
24

$1,013,983.33
65.000. 00
4, 994 900. 00
2, 206, 500. 00
568,000.00
3,587.500. 00
312,500.00
128,000.00
1,365,875.00
4, 442, 923. 43
498,600.00
10,443,268.65
2,507,900.00
1, 228, 000. 00
030, 688. 27
2, 456. 000. 00
325,800.00
211,650. 00
3, 185, 671. 67
6, 430. 350. 00
6, 656, 806. 07
960,560.00
597,180.00
5,642,150.00
235,242.50
527,160. 69

$381,300.00

-----------------272,500.00
890,306.00
215. 333. 80
1, 122. 972. 32
12,500.00
41,500.00
143. 831. 00
1, 912,855. 68
4.2, 549. 00
3. 218, 211. 98
521,500.00
426,500.00
105,250.00
857,581.72
93,000.00
81,650.00
867,171.67
2,570, :176. 03
1, ffl , ~06. 90
477. 344. 53
417,660.00
756,627.42
66,992.50
222,350.00

Bee footnotes at end of table,

Digitized by

Google

$470,703.91
65.000.00
4,217,400.00
1, 134. 355. 00
209,666.20
811,000.00
300,000.00
86,500.00
1, 072, 444. 00
2, 294,876. 75
425.-.Q.51. 00
4, 645. 282. 86
1, 230, 610. 86
771,500.00
063.104. 94
884,833.33
150,483.39
100,000.00
1,846,008.00
2, 634, 861. 73
4. 343. 500. 38
425,750.00
176,575.00
1, 925, 806. 39
136,250.00
244, 810.69

29

REPORT OF RECONSTRUCTION FINANCE CORPORATION

4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, and disbursements from Feb. 2, 1932, to Mar. 31, 1937, inclusive, by States 1-Continued

TABLE

TOTAL, SEC. 5d OF THE RECONSTRUCTION FINANCE CORPORATION ACT, AS
AMENDED-Continued
Number Number
of author- of borizations
rowers

State

29

28

Alaska __ - - -- ---- --- --------Hawaii ______ -------------- -Puerto Rico ___ -- -- ______ --- _

1
1
1
10

1
1
1
10

$95,121.93
830,000.00
12, 789,950.00
220,000.00
18. 494, 642. 60
3,544, 107.14
563,560.00
9,767,316.67
286,500.00
5, 029, 000. 00
17,476,384.00
3, 046, 000. 00
2, 230, 300. 00
63,600.00
4, 256, 268. 74
1, 357, 325. 00
518,145.32
299,500.00
1, 375, 600. 00
4, 265, 645. 16
1, 272, 345. 45
2, 554, 050. 00
7,500.00
11,000.00
200,000.00
154,500.00

TotaJ. ________________

2,321

2,097

152, 231, 531. 62

Nevada
___ -----------------New Hampshire ____________
New Jersey _________________
New Mexico ________________
New York __________________
North Carolina______________
North Dakota _______________
Ohio ____ -------------------Oklahoma
___________ -- ____ - Oregon ______________________
Pennsylvania _______________
Rhode Island _______________
South Carolina ______________
South Dakota ____ --- -------Tennessee __ - ---- ------------

Texas ___ -------------------Utah _________ --------------Vermont __________ ---------Virginia ______________________
- ----------- ---Washington
West Virginia _______________

Wisconsin_----------------Wyoming ___________________

.

Amount
authorized

2
4
124
4
369
48
8
130
9
160
15
17
10
48
53
10
8
27
76
30

2
4
109
2
327
45
8
112
8
46
136
13
14
10
45
50
8
6
26
69
26

54

Amount with-

Amount
disbursed

drawn or
canceled
$24,124.14
135,000.00
2, 937, 050. 00
95,000.00
7,316,171.95
1, 319, 750. 72
6,257. 75
2, 609, 666. 76
83,000.00
1, 376, 900. 67
4, 960, 687. 92
295,000.00
675,123.03
43,050.00
734,172.22
627,469.65
101,500.00
73,690.50
735,300.00
1,209, 163. 78
522,658.56
1, 510, 937. 50

$70,997.79
6, 763, 767. 34
125,000.00
9,097,995.65
2, 066, 106. 42
382,839.28
5, 968, 756. 34
103,500.00
2, 215, 570. 24
8, 656, 529. 84
2, 751, 000. 00
525,176.97
20,550.00
2,994,097.14
526,165.35
406,645, 32
li3, 309. 50
568,490.74
2, 507, 383. 27
544,250.50
721,612.50

----------------------------------11,000.00
200,000.00
12,000.00

------------------

127,500.00

45, 044, 765. 70

78, 592, 618. 62

LOANS TO INDUSTRIAL OR CoinUl:RCIAL BUSINESS

[Under sec. 5d of the Reconstruction Finance Corporation Act,
Alabama ____________________
Arizona _____________________
Arkansas_ ... __ .. ____________
California ___________________
Colorado. ___________________
Connecticut_ ______ ---- __ --- _
Delaware _____ ... ___ . ________
District or Columbia ______ __
Florida __ . ____ . -- --- - ___ ----Georgia _____________________

Idaho ___ ------ ---- ---------Illinois ____ ._.------ - -------Indiana ___ ------------------

Iowa. ____________ ___________
Kansas.
- - ---------____
- ------Kentucky
_________
______
Louisiana __. _____________ __ _
Maine __ . - .. --- -- -- ---- -----Maryland. - -- --- -- ---- ---- -Massachusetts _______________
Michigan ____________________

g5~E==:::::::::::::::

Montana ____________________
ebraska____________________
_. -- ------------- -- ew Hampshire ______ ----- __
' evada.
New Jersey __________ __ ______

tew Mexico ________________ _
New York.. _________ _________
·orth Carolina. ___ ______ ____

North Dakota _________ -----Ohjo ___ --- ------ -----------Oklahoma___ __ --------------

Oregon
____ -----------------Pennsylvania. _______________

Rhode Island _____ .. -- - -- - - - South Carolina ______________

30
1
33
21
9
28
3
11
75
99
13
97
43
20
32

23
12
7
39
112
61
20
18
74
10
25
2
3
102
3
329
37
6
104
8
41
132
12
15

28
1
32
17
7
23
3
8
70

88

12
89
41
18
32
22
12
7
34
101
59
20
18
67
10
22
2
3
89
1
200
34
6
89
7
35
110
10
13

$808, 950. 00
65,000.00
4, 757, 700. 00
1, 955, 000. 00
543,000.00
3, 257, 000. 00
312,500.00
128,000.00
1, 358, 375. 00
3, 251, 806. 77
485,900.00
10, 157,708.65
2, 424, 000. 00
1, 216,000.00
619,354.94
1, 367, 500. 00
271,300. 00
141,650.00
2,639, 671.67
5, 897, 350. 00
6,214,366.07
591,600.00
587,180.00
5, 266, 950. 00
139,500. 00
373,410. 69
05, 121. 93
810,000.00
12,025,950.00
120,000.00
16, 664, 192. 60
2, 739, 107. 14
562,000.00
8, 303, 683. 34
186,500.00
3, 634, 150. 00
15,674,534.00
2, 342, 000. 00
1, 200, 300. 00

as amended]

$291,250.00

----------------107,500.00
656,806.00
207,000. 00
945,000.00
12, 500.00
41,500.00
143,831.00
1,366,589. 02
35,849.00
3, 032, 31 I. 98
496,000.00
414,500.00
105,750.00
589,000.00
88,500.00
81,650.00
867,171.67
2, 165,176.03
1, 250, 706. 90
331,500.00
407,080.00
686,805.56
16,500.00
128, 600.00
24, 124. 14
115,000.00
2, 645, 200. 00
95,000.00
6, 431, 890. 57
922,500. 72
6,000.00
2, 040, 302. 00
83,000.00
489, 150. 67
4, 277,500.00
291,000.00
675,123.03

-----

$389,370. 58
65,000. 00
4,210,200. 00
1,134,355. 00
193,000. 00
691,000. 00
300,000. 00
80,500. 00
1,072,444. 00
1,710,026. 7r,
425,051. 00
4,615,282.8 6
1, 181,210.8 6
771,500. 00
474,604. 94
576, sou. 00
107,800. 00
30,000. 00
I, 346,008. 00
2, 549, 283. 89
4,263,500. 38
232, 100, 00
176, 575. 00
1, 870, 206. 39
91,000. 00
244,810.09
70,997. 79
---- -- - - -- 6,306,017.34
25, 000. 00
8,791,802.03
1,692, 106. 42
381,879.28
5,531,150.3 4
l03, 500. 00
1, 814,570. 24
7,831,079. 84
2,051,000. 00
525,176.9 7

See footnotes at end of table.

Digitized by

Google

30

REPORT OF RECONSTRUCTION FINANCE CORPORATION

4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelationsJ.. and disbursements, from Feb. 2, 1932, to Mar. 31, 1937, inclusive, by States •-continued

TABLE

LOANS TO INDUSTRIAL OR

Number Number
of author• of bor•
lzations rowers

State

South D,ikota ........•.•.•..
Tennessee. __________________
Te-xas ....................••.
Utah •....................•..
Vermont ...............•....
Virginia ................•....
Washington ..........•......
West Virginia ...............
Wisconsin ___________________
Wyoming ...................
Alaska .... -.................
Puerto Rico .................

22

Total.. ................

1,954

PURClliSES

COMMERCIAL

OJ'

8
37
49
10
7

8
34
46
8
5
21
52
20
21
1
1

55
23
21
l
1
10

10

1, 757

BUSINESS-Continued

Amount
authorized

Amount with•
drawn or
canceled

Amount
disburaed

$22,750.00
$9,050.00
3, 198, 500. 00
1502, 902. 86
1, 139, 700. 00
614,844.65
518,145.32
101,500.00
272,000.00
73,690.50
1, 256, 500. 00
616,200.00
3,471,045.16
845,767.34
1,007,645.45
357,500.00
2, 235, 300. 00
1, 416, 000. 00
7,500.00 -----------------11,000.00
11,000.00
154, 500. 00
12,000.00
132, 482, 958. 73

PARTICIPATIONS IN LoANS TO INDUSTRIAL OR

----------------------------------127,500.00

37, 124, 923. 64
COMKERCIAL

$14, 700.00
2,468,597.14
521, 165. 31>
406,645.32
173,309.50
568,490. H
2,418,633.27
4TT,000.50
507,800.00

71, 615, 458. 41

BUSINESS

[Under sec. 5d of the Reconstruction Finance Corporation Act, as amended]
Alabama ..••••..............
Arkansas ....•........•......
California .................. .
Colorado .•...•.••.•...•.....
Connecticut ..•..............
Florida .•................ ... .
Georgia •••............•....••
Idaho ..... ...... ....•..•....
Illinois .......... ... ..... ... .
Indiana .•............•••....
Iowa ..•..•.............•....
Kansas .•....................

~ii~~~~l:=:::::::::::::::::
Maine.•.................•••.
Maryland ...........•.......
Massachusetts .••....••.•••••
Michigan. ...........••.•.•••
Minnesota ..•.. .....•.•••..••

~~~~r~!::::::::::::::::::
Montana ...•.....•...•••••..

Nebraska .......•...•.••..•.•
New Hampshire .• , ••.••.....
New Jersey .....•.••.........
New Mexico ...•.••.•.•••••..
New York ......•.•••.•••••..
North Carolina...•......•.••
North Dakota........•..••..
Ohio ..................••..••
Oregon ..........•..•.•.•••.•
Pennsylvania. ......•...•....
Rhode Island .... •.••........
South Dakota •.....•........
Tennessee ....... ..•...•.•••.
Te,As •.•.........•..•..••..•
Virginia .........•..•...•.•..
Washington ..•...•.....•....

5

3
1

5
3
(')

1
6

l
6

1
19
3
5
5

1
8
5

2
1
3
11
3
12
1
3
5

1
1
20

1
26
7
1
15
12
22
3
2

6
2

4
9

::~~~'.~'.~:::::::::::::::

5
6

Total.. ...... .....•.•..

247

(')
19
2
5
5
1
7
4
2
1
3
11
3
10
1
3
4
1
1
18
1
24
7
1
15
10
21
3
2
6
2
4
8
4
5

m

$115,833.33
112,200.00
187,500.00
25,000.00
288,500.00
7,500.00
782,850.00
12,700.00
264,500.00
75,900.00
12,000.00
303,333.33
575,000.00
54,500.00
70,000.00
546,000.00
449,200.00
200,000.00
246,260.00
10,000.00
60,800.00
95,742.50
93,750.00
20,000.00
752, 100.00
100,000.00
762,000.00
530,000.00
960.00
880,600.00
1, 357, 500. 00
1, 440, 050. 00
704,000. 00
40,850.00
656,300.00
205,000.0! 1
?5,600.00
284,100.00
222, 500. 00
286,750.00
12, 857, 379. 16

$34,500.00
40,000.00
187,500.00
8,333.80
148,500.00

$91,333. 33
7,200.00
16, 666.20
120,000.00

197, 100. 00
675, 250. 00
6,700.00 • • ••··••·•···•· ···
174, 500. 00
30, 000. 00
58,400.00
17,500.00
12,000. 00 · • · · ·•·•····· ....•
81,500.00
188,500.00
16,666.67
308,333.33
4,500. 00
42,683.39
70,000.00
500,000.00
335,200.00
85,577.84
120,000. 00
80,000.00
45, 110.00
193, 650. 00
10,000.00
8,000. 00
52, 800.00
50,492.50
45,250.00
93,750.00
20,000.00
288.350.00
457, 750.00
100, 000.00
423,931.38
306,193.62
156,000.00
374,000.00
960.00
283,000.00
437,600.00
849, 500. 00
401,000.00
613,000.00
825,450.00
4,000. 00
700,000. 00
35,000.00
5,850.00
130,800.00
625,500. OU
5,000. 00
25,600.00
195,350.00
88,750.00
155,250.00
67,250.00
82,937.50
193,812.50
4,854,571.85

See footnotes at end of table.

Digitized by

Google

6, 944, 760. 21

31

REPORT OF RECONSTRUCTION FINANCE CORPORATION

4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, and disbursements from Feb 2, 1932, to Mar . St, 1937, inclusive, by States 1- Continued

TABLE

AGRl!MINTS TO PURCHASE PARTICIPATIONS IN LOANS TO INDUSTRIAL OR COllMERCI AL B USIN ESS

[Under sec. 6d or the Reconstruction Finance Corporation Act, as amended]
Number N um ber
or author• or bor•
izations
rowers

State

Alabama.......•.••••..•.. ••
Arkansas •••••••••••••••••• ••
California •••••••• • ••••••••••

riFn1tut.................
Indiana. ••••••••••• • • • •••• • ••

4
2
2
3
JO

2
l

Bawail •..• •. . •••..••...•.•••

1
7
5
2
7
5
1
2
14
4
1
11
1
1
6
2
5
2
1
1
12
2
2
1

Total.. . . .••••••...••••

120

Kan,as...•••• . .• •.• -- ·-·-···
Kantucky .•••. .•. • _••• . ••• •.

~'Wchusetts.•... __.• .• ••••

~:~········- --·- ···-·
Nebraska.•••. . .••• • • ...... •.

~:: t~Y::::::::::::::::::

North Garolina. •.••..•••••.•
North Dakota. •• •. •. .•.•.•• •

•l$~gina.::::::::::::::::::
Pennsylvania. •••. •••••• ••...
1

South Carolina •... •••••• • _•.

Tenn -....... . ..... ... .. .

~1it•n ············-····
l~:O~tnia
...............
TOTAL, SEC.

5e

Amount
authorized

Amount with•
drawn or
canceled

Amount
d isbursed

$55, 550. 00
125,000.00
46, 000.00
29, 472. 32
349, 166.66
11,400. 00
8,000. 00
8, 000. 00
251, 915.05
79,000. 00
242,500. 00
100, 734.53
61, 821. 86

2
1
1
9
2
2
1

$89,200. 00
125,000.00
64, 000. 00
42,000. 00
408, 266. 66
21, 000. 00
8,000. 00
8, 000. 00
513,500. 00
83,800. 00
242, 500.00
122, 700. 00
314, 400.00
60.000. 00
II , 900. 00
1, 068, 450. 00
275, 000. 00
600. 00
583, 033. 33
100, 000. 00
38,250. 00
361,800. 00
1,030, 000. 00
401,468.74
12,625.00
27,500. 00
93,500.00
510,500. 00
42, 200.00
32, 000. 00
200,000. 00

93, 500. 00
168, 046. 44
9,908.56
12, 000. 00
200, 000. 00

- -·- ·· · ·· ·· · ······
.•••••••••• •. •. ..•
· · ··-·-·· · · -·· ····
20, 000. 00
...... . ...... .. ..•

lll

6,891, 193. 73

3, 065, 270. 21

32,400. 00

4
2
2
3
10
2
1
1
7
5
2
7
5
1
2
13
4
1
8
1
1
5
1
5

3, 500. 00
460, 350.00
241,250. 00
257. 75
286, 364. 76

$9,600.00

2,800.00
· ·- - -- · · -·- - - -····
······-· ·- · -·---··
· - · · · -···- · · · · -- -· ·-········ · ·--···
········· ····- · ···

38, 250. 00 ··· ----··-···· · · · ·
70, 187. 92 ··· · ·-····-·-··- - 100, 469. 36 -·- · ·-·· ···- · · - -··
12,625.00 ···· -· ·· ··· · · · -·· -

OF T HE REC ONSTRUCTION FINANCE CORPORATION ACT, AS
AMENDED
[Loans on the assets of closed banks and trust companies]
3
2
2

4

1
2
18
12
4

37,432. 14
427. 51
2, 955. 50
4,370. 91
g2, 179. 79
86, 146. 93

14, 23 1. !iO
15,005.00
471, !G I. 84
8, 372.49
265, 044. 50
137,313. 39
101 ,873.32
15, 574. 15

123

122

13, 426, 492. 18

492, 622. 59

12,311, !!81. 71

l

1 ~;;: : : :; : :;:
Nortb Carolina .... _. __ ._ . •••

orth Dakota ..•••... •.. . . .•
0
~ ~iii.·.·::::::::::::::
Dakota •..••••••... . ..

Ti!

Wbcoaalo .. :::::::::: ::::: ::
Total•..••... ..... .•. . .

II
10

1
II

1
2
2
30
1
2
18
12

30

$508. 68
2, 812.00
76, 049. 67
4, 100. 00
29, 546. 79
1,667. 40
58, 064. 50
46, 845.53

$35,392. 87
7,238. 20
604,535. 36
22, 500. 00
75, 455.41
6, 332.60
10, 426, 849. 48
93,001. 60
14, 500. 00

$35, 001.55
10,050. 20
680,585. 03
26, 600. 00
105, 002. 20
8,000. 00
10,997,440. 55
139,847.13
14, 500. 00
08,8g9. 22
6, 000. 00
16,922. 72
15, 005. 00
508,593. 08
8, 800. 00
268, 000. 00
100,570. 41
194, 053. 11
101,721.08

9
1

3
2
2
1
9
1
10
10
1
11
1
2
2

40, 823. 93
6, 000. 00
2, 691. l 2

------ ----- -------

Bee rootnotes at end or table.

Digitized by

Google

32

REPORT OF RECONSTRUCTION FINANCE CORPORATION

4.-Number of authorizations and borrowers, to which authorizatio718 were
made; and amount of authorizations, withdrawals or cancelations, and disbursements from Feb. 2, 1932, to Mar. 31, 1937, inclusive, by States I-Continued

TABLE

TOTAL, EMERGENCY RELIEF AND CONSTRUCTION ACT OF 1932, AB AMENDED

Number Number
or author- of borizations
rowers

State

Amount
authorized

Amount withdrawn or

canceled

Amount
disbursed

-

---

Alabama _______ ______ ______ _
Arizona _____________________

Arkansas ____________________
California __ ______ ___________
Colorado . ___________________
Connecticut _________________
Del aw are ____________________
Florida ______________________
Georgia _____________________ _
Idaho
__ _____________________
--------------------Illinois.

797

327

735, 206, 500. 44

6

3

53, 370, 955. 22

33, 146, 368. 56

20, 224, 586. !fl

13

1

1,222, 108,664. 99

366, 235, 571. 68

646,452, 782. '131

331

2, 010, 686, 120. 65

494,274,899.01

1, 249,001,519, 21\

1
2
20

8
4
16
26
7
1
1
IO

23

4

6
21
25

2
9
8
2
5
18
16
4
4
2
9
2
5
9
4
2
1
2
7
5
16
10
2

14

Indiana __ ------------------lO\V8 _ _ ___
_ --------------------Kansas
______________ ____ _
Kentucky ___________________
Louisiana ___________________
Maine. ______________________
Maryland ____ _______________
Massachusetts ______________ _
Michigan ____________________
Minnesota ___________________

11

11
36
22
11
8
2
41
9
12
24
24
2
10
4
10
10

~i~~~r:!==================

Montana ____________________
Nebraska._ --- _______________
Nevada.
_------------------New Hampshire
_____________
New Jersey __________________
New Mexico _________________
New York ___________________
North Caroliua ______________
North Dakota. ______________
Ohio
__ ---------------------Oklahoma
___________________

23

17
12
51
7
22
15
2
10

Oregon.----------·-·-·-----Pennsylvania.
______________
Rhode Island ________________
South Carolina ____ ________ __
South D akota.-----·-·-----Tennessee.- --·-·---·- · -·-- -Texas. __ _--- -·-·----- -- ----Utah . -------·-·-·-·-·-----Virginia.
________
.• __________
Washin~~n, ________________
W~t V1~g1ma _______________
W 1sconsm ___ ·----- __________

6

22
40
15
32
25

::iPuerto
;f~~--~~============::::
Rico _________________
TotaL ______ ------·--·
Loans:
For financing exports of
agricultural surpluses •. To Co=odity Credit
Corporation'-·-------Grand total.. __ __ ___

18
13
1
2
4

3
5
7
1
3
2
5
26
7
13
7
3
6
1
1
3

$4, 585, 688. 00
2,861 , 769.00
7,022,81 8.92
273, 301,081. 00
6, 335, 223. 79
100,000.00
100,000. 00
5, 924, 820. IO
1, 801, 692. 00
1, 086, 566. 00
63,284, 944. 00
6, 770, 042. 54
2, 161, 130. 00
4, 412, 934. 00
13, 750, 122. 97
74,958, 127. 00
1, 937, 895. 00
811,230.00
350,000.00
23,032,040. 47
3, 156,787.00
4, 444, 669. 00
5, 716,929.00
2, 577, 785. 00
75,000.00
262,632.00
1,616,603.00
5, 656, 195. 37
6, 082, 503. 00
55, 518, 269. 65
7, 190, 4 73. 20
598,768.00
20, 786, 005. 00
4, 870, 579. 81
3, 882, 915. 00
35, 563, 375. 00
1, 123, 590. 00
4, 805, 770. 00
1, 008, 945. 00
16, 086, 075. 25
12, 450, 505. 85
3, 660, 739. 00
6,474, 154. 71
9, 089, 278. 37
9,833, 218. 00
14, 006, 67 5. 44
125, 000.00
394,935.00
2, 660, 000. 00

21
10
22
48

---

- -816-

13

$2911, 500. 00
13,500.00
I, 118,219.30
8, 564, 354. 02
047, 380. 00
100,000.00
99,100.00
930,000.00
19,000.00

$4,286,188.00
2,1!48,iffl.00
5, 90!, 599. 62
211, 600, 671.111
5,387, 1!43. 79

81,000.00
105, 000.00
4, 308, 956. 58
1,688,151.00
685,300.00
725, 106. ZT
2, 504, 543. 17
178,000.00
95,750.00

900. 00
4, 91)4,820.10
1,782, 69200
1, 086, 666. 00
58, 526, 694. 00
5, 536, 830. 00
2, 151,43-0.00
3, 526, 406. 6&
10, 100, 909. 81
22,672,800.80
912,267.96
611,230.00
211,396 29
22, 579, 637. 67
2, 581, 787. 00
4,333,919.00
4, 754, 789. 00
2, 550, 170. 00
15,IXXl.OO
262, 63200
1, 616, 603. 00
5,558,858.117
5,773,500.00
49,012, 925.!8
6,577,964.71
597,688.00
20, 195,487.21
4, 870, 579. 81
3, 677,094.29
35,320,312. 7!
1, 123, 590.00
4,724,770.00
1,803, 945,00
11, 777, !18. 6i
?, 244,SM.s;
2,975,439. 00
5, 739, 048.11
6, 584. 735. 20
9, 655,218.00
13, 910, 925.11

503,687.93

394, 93;'.oo'
1,968,002.89

94, 892, 958. 77

582, 324, 149.111

-----------------3, 178, 250. 00
1, 233, 211. 94
9,700.00

----- 3,--642,
-- --------213. 16
52, 285, 227. 20
1,025,627.04
200,000.00
138,603. 71
452,402.80
575,000.00
110,750. 00
962,140. 00
27,615.00
60,000.00

--- ------------ -- 97,336.40
189,000.00
6, 186, 344. 17
612,508.41
1,080.00
590,517. 72
105,820.71
243,062. 24

-- ---------- -- - - --

---- -- -- -- ------ --

LOANS ON SELF-LIQUIDATING PROJECTS

[Under see. 201 (a), title II, of the Emergency Relief and Construction Act of 1932, as amended]
Alabama ___________________ _
Arizona. _________ -·----- ___ _
Arkansas ___________________ _
California. ____ -----·-------Colorado. _. _. _____ -· __ -- __ ..
Connecticut .•.•. _.. -- -- ·- _..
Florida _______________ ------Georgia_____________________ _
Idaho._. ___________________ _
Illinois .•• ___________ ._ - --- -Indiana ____ ------------·- --See footnotes at end of table.

6
3
10

12

6
3

10
8

5

5

1

1

2

7
2

1
7

1
7

4

4

7

$224, 000. 00
1, 413, 500. 00
1, 463, 851. 92
250, 655, 700. 00
2, 002, 233. 79
100,000.00
1, 644, 930. 78
41,000.00
60,000.00
7, 830, 723. 00
833,000.00

Digitized by

$149, 500. 00
13,500.QO

515,000.00
6,097,000.00
572,430.00
100,000.00
930,000.00
19,000.00
3, 176, 250. 00
773,000.()()

Google

~

1,:dffl

191, m, 11'-~.
1,09,1111.71

·------714,930. lli
22,000.!_
60,000.""
3,014,•n.ll
60,181.ft

REPORT OF RECONSTRUCTION FINANCE CORPORATION

33

4.-Nu,mber of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, and disbursements from Feb. iJ, 1932, to Mar. 31, 1937, inclusive, by States 1-Continued

TABLE

LOANS ON SELJl'·LIQUIDATING PROJECTS-Continued
Number N u mber
of author- of bor-

State

izations
Iowa _______________________ _
Kansas ____________ --- --- -- --

~::fsY!:.-::: :: ::::: ::::::::

Maryland _______ -- --- - ---- - Michigan _____________ - ------

~=~~C::::::::::::::::
Missouri. __________________ _
Montana _________ . _________ _
Nebraska _________ _______ ____
New Hampshire_____ __ ___ __ _
New Jersey _________________ _
New Mexico __________ __ ____ _
ew York ______ ____________ _
North Carolina ___________ ___
Ohio. ______ ______ __ --- --- --Oklahoma __ __ _____ ____ __ ____
Oregon _______ __ .. __ ________ _
Pennsylvania _______________ _
oulh Carolina __ ___ __ ___ ___ _
South Dakota __________ _____
Texas __ • ___ -- - --- --------- -~~1:nia ____________________ _

rowers

1
3
16

1
3
14
4
1
3
1
2
3
2
2
1
4
4

4

1
3
1
2
3
2
2

1
5

5
10

9

8
10

8
9
2
2

2
2
4

4

3
1
21
6
8

2
1
20
6
8

2

2

i:o1!rr_~~==============:
Wyoming ___ - ---- - ·- --- - ---Puerto
Rico ____________ ____ _

1
1
1
1

1
1
1
1

T otal. ____ .-- - -------- -

188

176

Amount
authorized

Amount with drawn or
canceled

$9,700.00
$9,700.00
820,000.00 -------- - --------1, 519, 624. 00
5l4, 624. 00
16, 063, 000. 00
1, 789,777.20
59,850.00 -------- --- ---- --718,811.47
75,000.00
575,000.00
575. 000. 00
325,000.00
50,000.00
996,140.00
954,140.00
207,000.00
27,000.00
75,000.00
60,000.00
250,000. 00 ------------ -----3, 361, 904. 37
85, 9o,I. 37
5, 694, 600. 00
189,600.00
27, 218, 000. 00
5,087,000.00
592,473.20
1, 120, 4i3, 20
628,800.00
175,300.00
299,982.81 ----------- -- ----734,625.00
10,000.00
215,000.00
315,000. 00
230,500.00
81,000. 00
105,000.00
105,000.00
4, 278, 662. 85
1,668, 150. 00
737,300.00
685,300.00
2, 110, ~25. 80
121, 3i6. 00
3,026,318.37
2,476,3 18.37
3,000. 00
3,000.00
40,000.00 -----------------125,000.00 ---------- ---- ---1, 300, 000. 00 ---- --- ------ -· -339,217,487.36

Amount

disbursed

----- -----------$820, 000. 00
998,000.00
14, 273,222.80
59, 850.00
6-13, 811. 47

-- ---------------275,000.00
42,000.00
180,000.00
15,000.00
250,000.00
3, 276, 000. 00
5, 385, 600. 00
21, 812, 000. 00
528,000.00
453, 500.00
299,982. 8 l
724, fi25. 00
100,000.00
149, 5;)(). 00
-- - -- - -- - - - - - - - - -1,093,012.85
52, 000.00
1,978,849. 80
550,000.00

-----------------40,000.00
------------- ---1, 300, 000. 00

27,895, 743. 14

254,521,658. 25

LoANII FOB FINANCING REPAIR OF DAMAGE BY EABTHQUAKE, FIBE, TORNADO, OB CYCLONE IN 1933

[Under sec. 201 (a) (6) of the Emergency Relief and Construction Act of 1932, as amended]
California ___________________

Kansas_ - - --- - --- -- ----------

6
1
1
1

1
1
1
2
1

$7,500,000.00
1, 000, QOO. 00
200,000.00
1, 650, 000. 00
100,000.00

43,200.00
990,627.04
130. 74

$7,499, 361. 00
113,472.68
156,800.00
659,372.96
99,869.26

13

6

10, 450, 000. 00

1, 034, 596. 78

8,528, 875, 90

Louisiana.-----------------Maine ______ -- - -- -----------Tennessee ____ - -- ------------

4

TotaJ____ ---- ----------

LOANS FOR FINANCING

or

$639.00

AGB!CULTURAL COMMODITIES AND LIVESTOCK

(Under sec. 201 (d), title II, of the Emergency Reller and Construction Act of 1932]
Alabama ______ --- - -- --------

Arkansas _____ _____ ----- - ----

California _________ -------·-Colorado ____ .-- - - - --- ------Delaware ________ -----------Florida _____ -----------------

~1~~-:::::::: :: :::::::: ::
lndlsna ______ -- - ---- ---- ---f::it~~~:::
:: ::::::::::::::
. lalne ____ _______ - -- - - --- ---larylruld ____ -- - - - --- - --- --. fas<;achusetts ____ - --- --- --- -

~i~~r~i =

======

fonl.Bna
___~=
_____
====-----------=====
•. ·ew
Jersey
__________________

1
5
21
1
2
7
1
1
6
11
11
1
5
2
8
2
5

1
4

1
5
16
1
1
2
1
1
3
3
10

1
2

2
5
2
5
1
2

$150, 000. 00
725,000. 00
5, 063, 750. 00
500,000.00
100,000.00
393. 377. 32
15,000.00
10, 500.00
757, 111. 54
5, 50[, 511. 97
50, 4P5. 000. 00
35,000.00
57,5, 000. 00
350,000.00
505,000.00
60, 750.00
104,000.00
2,500.00
285,000. 00

$150, 000. 00
603,219.30
2, 466, 715. 02
374,950.00
99,100.00

------ ----------- -

----- ------------2,000.00
460,2 11. 94
3, 127, 589. 16
50, 452, 2.50. 00
35,000.00
200,000.00
138,603. 7l
377,402. 80
60,750.00
8,000.00
615.00
11,432.03

--------$121,780.70
--- ------ .
2, 582, 5C5. 63
125,050.00
900. 00
393,377.32
15,000.00
8,500.00
296, 899.60
2, 37'.3. 922. 81
42,750.00

-----------------375,000.00
211,396.29
127,597.20

-----------------96,000.00

Bee footnotes at end of table.
1113608--37--3

Digitized by

Google

1,885. 00
273,567.97

34

REPORT OF RECONSTRUCTION FINANCE CORPORATION

4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, and disburse•
mentsfrom Feb. B, 1992, to Mar. St, 1937, inclusive, by Sta.tu •-Continued

TABLE

LOANS l'OR FINANCING or AGRICULTURAL COKKODITl&S AND LIY&!ITOCK-CODtlnued

Number Number
of author- orhorizations
rowers

State

New York ...................
North Carolina..............
North Dakota ...............
Ohio ..... ....... ....•.......
Oregon ......................
Pennsylvania . . ......... . ....
Tennessee ...................
Texas .•.... . ................
Virginia .....................
Washin~'!n, ................
West Virginia ...............
Wisconsin .. ....... ..........
Puerto Rico ..... .. •..••..•..
Total.. ........•.••....
Loans: To Commodity
Credit Corporation •....•..

8

4
1
4

4
4
8
6

4

s
2
7
2

- -154-

Grand total ....•••....

6
1
1

Amount
authorized
SI, 700, 269. 65

1

120,000.00
6,000.00
885,000.00
350,000.00
318, 500. 00
12, 610, 723. 25
219,551.00
868, 624.91
85. 530.00
175,000. 00
1, 571, 313. 44
1, 000, 000. 00

101

3
2

2
3

s
4

4
1

4

Amount with•
drawn or
canceled

Amount
disbursed
$600, 925. 48
99,964.79

$1, 099, !M4. 17
20,035. 21
1,080. 00
400,217. 72
llli,820. 71
28,062.24
4, 308, 826. 84
20,000.00
603,730. 'ZT

28, 2'l4. 80
175,000. 00
95,750. 00

4,000.00

484,782.28

IM, 179. 29
290,437. '/fl
8, 301,89'1.41
199,SSLOO
264,89t. M
57,305. :IO

-----------------1, 475, 563. f4

503,687. 93

308,002.89

86, 539, 013. 08

65, 1147, 617. 86

19, 288, 816. 70

13

1

1, 2'l2, 108,664.99

366, 236, 671. 68

646, '52, 782. 73

167

102

1, 307, 647, 678. 07

432, 183, 189. 63

665, 741, 399.43

AKOUNTS MAnll AVAILABl.11 J'OR REI.JIii' AND WORK RELIU

[Under sec. 1, title I, or the Emergency Relier and Construction Act of 1932]
Alabama........ .. ..........
Arizona.... ...... ...........
Arkansas....................
Calllornia.. . .. .. ............
Colorado....................
Flocida..... . ........ ........
Georgia......................
Idaho...... . ................
Dlinois. .....................
Indiana.. . ..................
Iowa........................
Kansas...... ................
Kentucky...................
Louisiana...................
Maine...... ... ..............
Maryland...................
Michigan..... ...... .........
Minnesota. ..................
Mis~issippi.. ... . . . .•.•••....
Missouri.. . ..... ..... .......
Montana....................
Nel'ada.....................
New Hampshire.............
New Jersey.. . ...............
New Mexico.................
New York..... .............
N ortb Carolina.. ............
North Dakota...............
Ohio..... ...................
Oklahoma...................
Oregon......................
Pennsylvania................
Rhode Island.... ............
South Carolina..............
South Dakota...............
Tennessee...................

Wisconsin.. .. ...............

Hawaii......................

I

$4, 211, 688. 00 . .. . . . . . .. .. . . .• ..

7
7
9
8

1

1, 448, 260. 00 . . . . . . . . . . . . . • • • • •
4, 83.1, 967. 00 . . .. .. . . . . . • • • •• • •

6

1

20

I

5

1

10,081,631. 00
3, 832,990. 00
3,886,512.00
I , 745,692.00
1, 026, 566. 00
Sli, 443, 721. 00
5, 179, 931. 00
2, 151,430.00
2, 692, UM. 00
6, 728, 987. 00
8, 200, l'ZT. 00
252, 895. 00
176, 380. 00
~1,808, 199.00
2, 581, 787. 00
4,058,910.00
4, 616, 789. 00
2, 368, 285. 00
262, 632. 00
1,366,603. 00
2,000,291.00
387, 903. 00
26, 600, 000. 00
5, 950, 000. 00
5112, 768. 00
19, 'ZT2, 205. 00
4, 670, 697. 00
2, 798, 290. 00
34, 929,875.00
1,123,690.00
4,575, 'ZT0. 00
I, 803, 945. 00
3, 376, 352. 00
7, 952, 292. 00
2, 923, 439. 00
3, 49li, 304. 00
5, 977, 430. 00
9, 655, 218. 00
12, 395, 362. 00
394, 935. 00
360, 000. 00

44

300, 000, 000. 00

I
I
l

1

7

1
1

9

1

6

30
8
8

16
21
10
3

l

1

l
1
1
1
1
1

1
1
1
1

6

1

S

1
1

5

11
37
S
16
7
2

7

1
1
1

1
1
1
1

6
13

l
1

13

1

9
20

1
1

18
16

1

5

l

___

Total..................

1

15

6
2

Puerto Rico ... .............. ,

1

13
10

Texas.... . ..................

Utah . .... . ..................
Vlfl[inla... ..........•.••••..
Washington.................
West Virginia...............

14

2

1_,

442

1

1

.. . .. . • . . . ••• • •• ••
•• . . . . . .. • • • • • • •• •
.. .......•.•..••••
•.....••.......• • •
. . •. . . • . . . •• . . •• •.
. • . • .• • • . • • • • • •• • •
. • . . .. • . • . • • •. • • • •
.• .•••••..••••••••
. • . • . . . . • • •• • • • • • •
. . . • . . . . . . . . .• • • • •
• • .. . • ... ..• • •• •••
. •• . • • . • • . • • . • • • • •
••• • . . . . • . •. • ••• • •
•.•••.........••••
. • ••• • . • .. • ... • • • •
•••••• .. .. . •.. • • • •
. . . . . . . . . . .• . • • • • •
•. ... • • • • • •• •• • • • •
• . • • • • • • . • •. • • • • • .
• ••. •• •• ••• .•••••.
. • .. .. . • • • • . •• • • •.
.• • . •. • • •• •• •• ••••
. . •. . . • . . . . . •• . • ••
. •• •. . •. . . . . •. • . • .
$16,000.00
. • • • • • . . .• •. . . • • • •
. • • . • • . • • . •• • • • . • •
. . • • •• .. .• .. .• .• • •
.• . .........••••••
.•••••...•..••••••
. • • ••• . . . • •. . • •• ••

I. 00
• • • • • ••• • • • • • • • • • •
. • • • • • •• • • • . . . • • • •
.. •• •••••..... •• • •
. • •• •• . • . • . • •. •• ••
. • . ••• . ••• •• ••• . •.
. . . . .• . . • . .••••••.
. . . . . . . • •. . • . •• • ••

$4, 211, 68ll. 00
I , 448, 260. OB
4, 833, 1167. OB
10. 081, 631. 00

3, 832,990.00
3,886,512. Oil
I. 745,692.00
1, O'l6, 566. 00
55, 443, 721. 00
5, 179, 931. 00
2, 151,430.00
2, 592, 934. 00
6, 728, 987. 00
8, 200, l'ZT. 00
2/12, 895. 00
176, 380. 00
21,808,199.00
2, 581,787.00
4, 058, 919. 00
4, 616, 78Q. 00
2, 368, 285. 00
'262, 632. 00
1, 3116, 603. 00
2, 009,291.00
387, 9m. 00
26, 600, 000. 00
S, 950, 000. 00
592, 768. 00
19,257,205.00
4, 570,597.00
2, 798, 290. 00
34, 929,875.00
1,123,690.00
4,575, 'ZT0. 00
1, 803, 945. 00
3,375,352. 00
7. 962,291.00
2, 923, 439. 00
3, 495, 304. 00
5, 977, 430. 00
9, 1155, 218. 00
12, 395, 362. 00
394, 935. 00
360, 000. 00

----1·------1-------1---15, 001. 00

See footnotes at end or table.

Digitized by

Google

299, 1184, 91111. 00

TAlll,r.

4.--·N11mber of authorization11 and borrowtr11, lo which authorization.a were made: and amount of authorizations, withdrawals or
cancelationa, and diabur11ementa from Peb. e, 1932, to Mar. 31, 1997, inclusive, by States •-Continued
TOTAL, ACT APPROVED MAR. 9,

1933,

AS AMENDED

~

(Loans on and subscriptions for preferred stock, and purchases or capital notes or debentures, or banks and trust companies)

State

Numcer Number
Less
orauorbor- duplica•
thoriza· rowers
tlons '
tio,ns

Net
number
or bor•
rowers

1

Amount au•
tborized

I Amount
with•
drawn or can•

j

celed

Amount disbursed

ij

--- --- --- ---

t ri i: _====== ==== -============================= ·== ·======== ·==========:===::·

g~i:~:3:==:::::::::::::: · ::::::::::::: ·: ·:·:::::::::::::::::::::::::::.:::::.:.
Connecticut •. .•. .•...•..•.. ..•..••.•............•....•.....••••..•..•. •....... .. .

Delaware..•..••........ .......... ...•...... .. . ...... .....••.... ................ ..
D istrict or Columbia ............•••.............. ..... .. ...... . ..............•.. .
Florida.•.••••.. •.... •..... _.• _.... . .........• ...... ....... _.• . _.. _.••. _.... _.....
Georgia .....•... ··-. _... -· .............. ___ ..... ... .. ... .. _..... _.......•..... __ ..
Itlabo .... ····- _________ ----··-- -- -- __-- -- --- - --- -·----·-- - -- -- -- --·-·- ·-- -··-· · -Illinois_
Indiana _.. ··---·-- -·-- -----·-----·-··---·---· -- __ --- -·- __________ ___ _----· - _-··-Iowa
_. _·-·--·-··
------··---·
-- · -·---·----····--· -·
·· -···
··-·
--- --·
-- · - -_
Kansas_.
___ . -·
___- --·
______
_.----·__ -·· ···-·---··----_.-·-- _____
--·--·- -__ ···- _____

fi~~~~~ -: ::::::== ====:::::::::::::: ::::: ::::::::::::::::::::::::: :: :::::: :::: ::

0

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Maine·-·-··---- __ ____ ----------- ·- -·-·- __ --· - ___ _-· ·· ____ ---··-·---·- ____ -·- ____ _
Mnryland_. __ _· - - ----- ------··- --· -··----- --·-- -·-•-· ··--· --····-····------ --- --Massachusett.s __ __ _____ __ --· ___ ___________ -----· ···· __·-- -·- - --·· ·-··· ____ -· _____ _
Michigan_
Min1:1espta

m:~5;;~fPL-· --· ----···· ---------·--·-----··-------·--·------·----- -----·-------·

Montana . •• · - - -- ------- -- ---- - ----- -·----- · --· --·-- - ---------------·-·--- --- -· · -Nebraska __ ··· - -- --·---·---- -·· ··------·------·---·- ·- --- - --·--··----- · ·· -· -· -- - -Nevada. · -- ·- -· -- ------·· -- -·-·· ···-····· ·· · ·-- -- -··· · ·· · ·· · · · · ··· -- -· · -· -·---· -New Hampshire . . .. _.... . ··· -· · _- ·-- -· _.. -··_ .· · ·- ___ --- · -·· .. -·· ___-· · -- -· _-· __.
~::~eS:i~-.·· - ··-- -- ·· · · --- - -·-··-···--· ---- - --·- ·-- -··· --·---- --- ·---- -·-·=: ~: :

~~~/8~~oiina_.:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::____ ..
m:ri~.~~~ ta:::::::::::::::::::::::::::::::::::::::::::::::::::: :::::::: .._:::::
0

~

97
6
l39
151
63
87
15
9
63
101
35
~5!3

~43
155
232
144
204
46

77
94
222
:!14
289
281
76
745
4
15
342
25
663
146
152
457

84
7
6 ···-· ---·133
6
140
3
59 -- -------43
1
14 ---------8 --· - -···-52
7
96
1
29
1
246
2
304 ---------152
1
221 ---------135 ---------201
81
45
4
1
69
76 ------ ---206
2
289
8
288
129
252
1
75
15
162
2
4 ······-·· 15 ------ ---273
20
22 --- ------576
, 48
141
140
1
435
~

77
6
127
137
59
42
14
8
45
95
28
244
304
151
221
135
120
41
68
76

204
281
159
251
60
160
4
15

244
22
528
14 1
139
433

$16, 143, 200. 00
2, 455, 000. 00
f,, 365, 500. 00
58, 373, 070. 00
5, 040, 000. 00
8, 609, 800. 00
2, 680, 000. 00
5, 200, 000. 00
2, 307, 200. 00
5,897,500.00
2, 335, 000. 00
03, 599, 500. 00
18, 490, 000. 00
12,575,500.00
6, 049, 250. 00
11, 182, 500. 00
16,572,000.00
11, 173, 000. 00
11, 038, 130. 00
20,031,000.00
43, 864, 500. 00
18, 023, 125. 00
15,368, 150. 00
25, 644, 500. 00
4, 117, 500. 00
~. 854, 200. 00
205,000.00
1,363,000.00
83, 485, 300. 00
I, 077, 500. 00
376, 701, 150. 00
8,157,500. 00
4, 494, 500. 00
99, 255, 761. 00

$289,625. 00
25,000.00
946,600.00
9, 870, 645. 00
136,500.00
1,417,674.00
2, 112, 700. 00
2, 300, 000. 00
131,000.00
I , 062, 000. 00
205,000.00
3, 048, 385. 83
1, 823, 000. 00
2,327,500.00
770,500.00
2, 302. R50. 00
1,060,000.00
2,047,500.00
1, 959, 960. 00
3, 35R, 800. 00
3, 239, 839. 00
70 1,100. 00
1, 055. 000. 00
4,875.875. 00
87,000. 00
946,250.00

------ --------- -6ll , 365. 00
9,513,283.93
362. 500. 00
15,945. 544. 17
694. 000. 00
490,000.00
7,133,527.00

i

$15,853,575.00
2, 430, 000. 00
4, 404, 000. 00
48, 502, 425. 00
4, 893, 500. 00
7, 192, 126. 00
567,300. 00
2, 900, 000. 00
2, 176, 200. 00
4, 835, 500. 00
2, 130, 000. 00
90,551,114. 17
16,667,000.00
10, 248, 000. 00
5, 247,750.00
8, 879, 850. 00
15,5 12,000.00
9, 12.5, 500. 00
9, 078, 170. 00
16,674,200.00
40. 624, 661. 00
17, 322, 025. 00
14, 2&1, 150. 00
20,751,125.00
4, 000, 500. 00
7,907,950.00
205,000. 00
751 , 6.15. 00
73, 972,016. 07
715. 000. 00
30 1, 585, 605. 83
7,463, 500.00
4, 004, 500. 00
92, 122,237.00

:
a

i

~

1:.1

d
0
1-3
,_,

i
l"'.J
,_,

i
a

ij
0
1:.1

~
....

0

z

footnc;>tes at end or table.

w
Q1

4.-Number of authorizations and borrowers, to which authorizations were made; and amount of anthorizations, withdrawals or
cancelations, and disbursements from Feb. 2, 19."J2, to Mar. 31, 1937, inclusive, by States 1-Continued

TABLE

c,.,:i

0:,

TOTAL, ACT APPROVED MAR. 9, 1933, AS AMENDED-Continued
~
t:";

[Loans on and subscriptions for preferred stock, and purchases of capital notes or debentures, of banks and trust companies]

"C

Net
Number Number
Le~
number
Amount withAmount auAmount dis•
State
of au•
of bor- duphca- of bor·
drawn or canthorized
bursed
th?riza-1
rffwers
tions
'
rowers
celed
t10ns
- - - - - - - - - - - - - - - - - - -- - - - - - 1 - - - 1 -- - 1 - - -1 - - - 1 -- - - -- j - - - - - - 1 - - - - Oklahoma _______________________________________________________________________ _
81
51
$1 1, 291,000.00
57
$357, 000.00
$10, 934, 000. 00
6
Oregon. __ _________ _______ ________________ _____________________ ______________ ____ _
61
2, 300, 000. 00
56
56
lOO, 000.00
l , 950, 000. 00
Pennsylvania _________________________________________________________ __ ________ _
374
449
56, 04R, 850. 00
385
11
10, 201,753.50
45. 795. 096. 50
Rhode Island ___________________________________________________ -- -- -- -- _--------4
4
1, 100, 000. 00
5
201,500.00
898,500. 00
South Carolina _______ ___ _______ . ____ __________ _____________________________ ____ __
40
45
2, 931,800.00
40
160, 000.00
2,771,800.00
South Dakota ___ __ ___ _____________ _________ __________________ ________ _____ _____ __
129
128
143
84,000.00
I
4, 522, 100. 00
4. 438, 100.00
T ennessee ___ _______ _____________________ _______________ ________ ___ __ ____________ _
135
133
14, 221, 550. 00
2
1, 662, 500. 00
12, 559, 050. 00
138

I

Texas
__________
______ _______
____________
-__ ___ _____ __
- ------ ----- - ---- ----________
--- -- -- -_
Utah ___
_______________
_______ ____________
____
_______
__________
___- __

463
44
61

~r;-~~~t~::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::

li6
114
104
525
31
1
4

~::f~i~

0

0

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,visconsin ~ia::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::
_____ _______________ _________________________________ _____ ____________ __
Wyoming ____________ ___ _____________ ___ ___________ ____ __ ____ _______ ____________ _
Alaska ________ __________________ __ _____________ ___ ___ __ __ __________ ________ _____ _
Puerto Rico. ___________ ___ ______________________________________________________ _
Virgin Islands ______________________________________________________________ --- __ _
_ Total. __ __ _____ __ _____ _____ __ _--- ______ _____ ---- -- --- ------- -- -- --- ------- -Subscriptions for preferred stock ofExport-Import Bank of Washington•- __ ------------------------------------Second Export-Import Bank of Washington, D. C.•--------·----------------Grand
See footnotes at end of table.

445
44
60
164
110
94
455
27

I

4

2

2

I
4

3

I

8,496

7, 202

441
44
60
163
110
94
453
25
1
3
1

36, 26 1,750.00
4, 310, 000. 00
15, 795, 000. 00
12, 763. 000. 00
7,496,500.00
6. 946, 000. 00
37,875, 000.00
l , 687,500.00
37,500.00
1, 500, 000. 00
251,000.00

5, 190, 625. 00
315,000.00

126,000.00

31,036,125.00
3, 995. 000. 00
15, 795, 000. 00
JO, 694,650.00
6, 064, 500. 00
6, 366. 066. 66
33, 147,100.00
1, 367, 500. 00
37,500.00
I, 250, 000. 00
125,000. 00

llO, 585, 785. 77

1, 052, 802, 103. 23

-----------------2, 068, 350. 00
1, 432, 000. 00
5:J4, 933. 34
4,727,900.00
320,000.00

-----------------250,000.00

- - - , - - -, -- -,- - - , 1 -- - - - -1- - - - - - - - - - - 382

6, 820

J

l, 223, 065, 389. 00

1-----

-

i 1::::::::::
- - - • - -- , - - - 1 - - - 1-- - - - - - - -45,000,000.00
2, 500,000.00 -----

8,500

7,204

382

6, 822

J

l , 270, 565, 389. 00

20, 000, 000. 00
2, 500, 000. 00

---1------

110, 585, 785. 77

1, 075, 302,103.23

C

~

1-3
0

':,tj

~

t"J
0

0

z

00
~

::::,

d

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0

z
':,tj

>-<

z
~0
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0

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REPORT OF RECONSTRUCTJ:ON FINANCE CORPORATION

37

4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, and disbursements, from Feb . £, 193£, to Mar. 31, 1937, inclusive, by States 1-Continued

TABLE

Lo.a.NS ON PRUJ:RBJ:D STOCK or BANKS AND TRUST COMPANIES

[Under the act approved Mar. 9, 1933, as amended]
Number Number
of author• of bor•
izations rowers

State

Alabama ..•.. ..••.•••. •• ••..
Arizona ...•........••.•..•. .
Arkansas •• ....•••••••••.. .•.
California . .• . .••.•.•.•. ..•..
Connecticut ••••••••••••....•
Florida .•••••.••.•••..••.•. •.

28

6

56
6
2

12
1
2
5
I
1
3
2

$3, 180, 600. 00
50,000. 00
549,500.00
3, 071, 050. 00
309,800.00
135,200.00
25,000.00
25,000.00
12, 500.00
50,000.00
28,000. 00
573. 000. 00
30,630.00
506. 000. 00
437,500.00
175, 625. 00
22,650.00
I, 548, 000. 00
10,000.00
·2, 811,700.00
4, V29, 050. 00
2,207,150.00
287,500. 00
20,000.00
2,400.00
791,000.00
410, 550.00
6, JOO. 00
300,000.00
451,250. 00
20, 000.00
200,000. 00
83,000. 00
11 5,000. 00

272

23,374,755.00

19
1
7
12
42

15
2
I
1
I
2

Georgia .•.••..••••••••••..••

Idaho .••...... . .••••••.•..••
Illinois • . • •.•.••••.•••.•.. . • .

Iowa ..••••• •• ••. •••.••....•.
Kansas ..••.• •• ...••••••••.• .

iaine •. . .......•..••.•.•.•..
Maryland ••.•.•..••••.......
Massachusetts . ••.•. ....... . .
Michigan . .•...•...•••••••...
Minnesota ....•.•.......•••..

4
5

12
2
22
1
I

m.:~r_i:i::::::::::::::::::
Montana .•. .•••.••••.. •.•...

1

Nebraska ..••......••.• ••• ...
New Jersey . ....••..•. . .• .•.•
Xew York ......•....... .. • ..
North Carolina ••••... .•.. . ..
North Dakota •••••.•.•••.. ..
Ohio ..••.•••.. •... •. ...•....
Oklahoma •.•.•..........•.. .
Pennsylvania ...•.. •......•..
South Dakota ... .... ....... •

689

Texas ... . ....... .. ... ...... .
Vir@inla •••.•....••.••• •••.•.

7
4

73
88
3
3
2

Tennessee . . .... . . ...... .... .

;~!s~~~:::::::::::::::
Wyoming • •••• ••••.••••.•...

Amount
authorized

1
4
3

9
1
7
5
I
7
I
1
1
I
2
4

1
3
2
8
1
1
1
106
29
42
3
1
1

! - - --

Total. ••••• • ••••••••• • •

1, 120

Amount with•

Amount
disbursed

drawn or

canceled

$32,025.00
539,750.00
160,000. co
1,000.00

3,000.00
47, 500.00

5, 300. 00
I, 600. 00
· • ·········· ··· ···
1, 548, 000. 00
· · ····· ·· · ··· ·····
248, 700. 00
I, 702,100.00
227,950.00
12, 500. 00
·•····•·······•···
··········-· · ---··
264, 500. 00
27,100.00
·····•·········•··
.. . . .. ............
300,000.00
5, 000. 00
········· ·•···• · ··
···········•···•··
··•·•····• .... .. ..

$3, 148,575.00
50,000. 00
549,500.00
2,531,300.00
149,800.00
134,200.00
25,000.00
25,000.00
12,500.00
50,000.00
25,000.00
525, 500.00
30,630.00
506,000.00
432, 200. 00
174,025.00
22,650.00
··•·•······· ··· · · ·
10,000.00
2, 563, 000. 00
3,226,950.00
I, 879,200.00
275, 000. 00
20, 000.00
2, 400.00
526, 500. 00
383,450. 00
6,100.00
300,000.00
151, 250.00
15, 000. 00
200, 000.00
83,000.00
115,000.00

5, 126, 025. 00

18, 148, 730. 00

8UB8CIIJPTIONS roR PREFEBRED STOCK o:r BANIS AND TRUST COMPANIES

[Under the act approved Mar. 9, 1933, as amended]

Alabama •.••.••........••. ..
Arizona . . • . ••.••••..•. ...• ••

A.rlran.sa.s .••. ...•••• •• •••....

Calcfomia • ••....•..•••......
Colorado ..••• . ......••••••..
Connecticut .•..... .••••.•.•.
INlaware..•. ...•.. . .•••... •.
District or Columbia .•. . . . ..
Florido ...•.••.....•.•. •• •• ••
Georgia . •.... ................
Jdnho ••.•.•••••......•• .••..
Illinois .••..•••••....•• ••.•..
Indi na .•.•.••••....•.••.•..
Iowa ............ ........ ... .
Kall.SW! . .. . ·- ............... .
Kentucky . •....•••..•••.••..
Loul i na • ••. . •••••.•••.•.• .
d . •·••• •••••·••••••·
. ....... ....•..
usetts

---------- -- ----- ---

---------- --- ---- --

I.········· ....... .

------- -- -- --- ------- -- -- - -------- ---

--------------------

psbire .•••. ..•• •• ..
y •••••• •• ••••• • ••••
icr, ___ ___ ---- - - ----

78
4
132
138
63
45
5

4
48
21
34
148
61
154
230
144
102
30
17
82
219
109
153

!CO
50
52
4
15
266
25

75
4

126
134
59
42
5
3
45

20
28

142
60
151

219
135
JOI
2fl
14
73
203
106
152
91
49
52
4
15
242
22

$12, 962, 600. 00
1, 565, 000. 00
4, 816, 000. 00
50, 302, 020. 00
5, 040, 000. 00
8, 300, 000. 00
16S. 000. 00
3, 400, 000. 00
2, 172, 000. 00
2, 522, 500. 00
2, 3 10, 000. 00
85, 016, 000. 00
7, 797, 500. 00
12, 525, soo. 00
6, 021, 250. 00
11, 182, 500. 00
10, 836, 000. 00

8,

mo, oco. oo

3, 880, 000. 00
19, 625, 000. 00
42, 727, 000. 00
I 3, 773, 500. 00
8, 965, 000. 00
l 0. 750, 000. 00
3,515.500. co
6, OOi. 500. 00
205, 000. GO
l , 363, 000. 00
77, 206, 2.10. 00
1,077, soo. 00

$257, 600. 00
25,000.00
946,500.00
9, 330, 895. 00
136 500 00
1,257:074:00
27,700.00
2, 300, 000. 00
130, 000. 00
825,000.00
205,000. 00
1, 348, 385. 83
609,000. 00
2, 327, 5('(). 00
773,500. 00
2, 302, 650. 00
425,000.00
I, 000, 000. 00
1, 182. 460. 00
3, 356, 800. 00
3, 234, 539. 00
400,000.00
495, 000.00
895,375. 00
77,000.00
672, 5[j0. 00
611, 3R5. 00
7,061 , 183. 93
362,500. 00

$12,705, 000. 00
1, 540, 000. 00
3, 854, 500. 00
40,971,125. 00
4, 893, 500. 00
7, 042, 326. 00
137,300. 00
1,100,000.00
2, 042, 000. 00
I, 697,500.00
2, 105,000.00
83,667, 61 4. 17
7, 188, 500. 00
JO, I 98, 000. 00
5, 222, 750. 00
8, 879, 850. 00
10, 41 I, 000. 00
7, 160, coo. 00
2, 697, .'i40. 00
16, 168, 200. 00
39, 492. 461. 00
13, 373, 500. 00
440,000.00
9,847, 125. 00
3, 408, 500. 00
5, 334, 95('. 00
205,000.00
751, 63[;. 00
70, 145, 006. 07
715,000.00

See footnotel at end of i&ble.

Digitized by

Google

38

REPORT OF RECONSTRUCTION FINANCE CORPORATION

4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, and disbursements, from Feb. 2, 1932, to Mar. 31, 1937, inclusive, by States 1-Continued

TABLE

SUBSCRIPTIONS FOR PRBFBBBIID STOCB: 01' BANB:S AND TBUBT O0KPANIIIB-Contlnued

Numher Number
or a11thor• of bor•
izations
rowers

State

New York ...................
North Carolina . ..• . ••.. . .•••
North Dakota ......•....•...
Ohio . . ..............• .... .. .
-Oklahoma ..... . . . .... ... .. ..
Oregon . ..........•••. .......
Pennsylvania ...... . .........
Rhode Island ...... ..... .. . ..
-South Carolina .... .... ......
.South Dakota.......... . .. . .
'Tennessee ...................
·Texas ................. ... ....
•Utah . .... ....... •. .. ••. .•• ..
Vermont .. . . .........•.. . •••
Virginia........... . .•.••••.•
'Washington . ..........•.••.•
West Virginia . . .. •••••.•.•••
Wisconsin . ...... .•• ••••• ••..
Wyoming ....•.. .... ..• .... •.
Alaska .............•••••. . ..•
'Puerto Rico .. ... ..•. •.......
Virgin Islands . ..••.. ••••....
Total.. .....•.....•...•
Subscriptions for preferred
stock orExport•lmport Bank of
Wa.shington •..........
Second Export•Import
Bank of Washington,

273

28

21;

1
l
3

I
1
l

$13ij, 904,800. 00
7, 870, 000. 00
2, 430, 500. 00
36, 984, 364. 00
10, 500, 000. 00
01.'i, 000. 00
5,i , 636, 300. 00
I, 100,000.00
1,645,000.00
2, 973, 000. 00
13,921.550. no
26,307,500.00
1, 590, 000. 00
7, 770, 000. 00
12,743,000.00
3, 870, 000. 00
3,315,000.00
16,557,500.00
1,572,500.00
37,500.00
250,000.00
251,000.00

4,295

4,075

769, 233, 634. 00

143
33
96
53
21
393
5
13
36
),'l6
158
10
42
172
33
37
65

262
138
32
88

51
21
373
4
10

34
133
100
10

42
1.63
30
36
59

3

D. C.' •.•••.•.•...•.•• •

Grand total.. ••••••••••

Amount
authorized

4,299

4,077

Amount with•
canceled

$7, 282, 594. 17
68 1, 500.00
40,000.00
1,686, 027. 00
92,500.00

$128, 752, 205. 83
7, 188,500.00
2, 390, 500. 00
35, 298, 337. 00
10, 407, 500. 00

25,000. 00

890,000.00

10, 174, 653. 50
20 1,500.00
00,000.00
25,000. 00
I, 662,500. 00
3,140,125.00
265,000.00

45,411,646.50
898,
00
I , 555,000.00
2,948, 000.GO
12, 259, 050. 00
23,142,375.00
1,325.000. GO
7,770 ,000. 00
10, 679, 650. 0o
2, 740, 000. 00
3, l 95, 066. 66
15, 112, 100. 00
l, 252, 5J)Q. 00
37,500.00

,oo.

----- 2,-----------063, 350. 00
1,130,000.00
l~,933.34
1, 445, 400. 00
320,000.00
250,000.00
126,000. 00

-- --------------125,000.00

73,397, 760. 77

694, 773, 373. 23

45, 000, 000. 00

--- ---------------

2, 500, 000. 00

------------------

816, 733, 634. 00

Amount
<lisbursed

drawn or

73, 397, 760. 77

20, 000, 000. 00
2, 500, 000. 00
717,273, 373. 23

PURCHASES 01' CAPITAL NOTES OB DEBIINT!IBIIS 01' BANKS AND TRUST COMPANIES

[Under the act approved Mar. 9, 1933, as amended]
Arizona ...•.•..........•.....
California.................. .
Delaware. . .................•
District of Columbia ........•
Georgia •.... .................
Illinois ..... ................ .
ln<liana . . .•.. .. ... . . . .......
Louisiana ....... •. ... .......
Maine .... . .•. . . ... •.• . . .....
Maryland . ....... . ... ...... .
Michigan ..•... ..... ... ......
Minnesota ........... . ...... •
Mississippi. •.... . .•.........
Missouri. ............. . .... .
Montana . ....... . ..... . ... . .
Nebraska . ..................•
New Jersey........•.•..... ..
New York ....•..............
North Dakota ... . ..... . .... .
Ohio ..... .... ... . ........•••
Oregon ........... . ......... .
South Carolina . .. ... . ....•..
South Dakota ..... . . . ..•. ...
Texas .•...... . .. .... .•...•.•
Utah ....•• •.•... . . •.........
Vermont. ................•..

!~!?!~~~~~::::::::::::::
Puerto Rico ...... .. ....•.••.
Total.. • • • •••••••••••••

1
l
10
5
78
107
282
102
12
55
1
183
135
180
25
4

3
302
116
359
40
32
101

1
l
9
5
75
103
244
100
12

54
1
175
135
160
25
4
2

3

272
107
346
35
30
94
280
34
18
80
57
393
3

3,081

2,855

288
34
19
81
66
456

$840, 000. 00
5, 000, 000. 00
2, 515, 000. 00
1, 800, 000. 00
3, 350, 000. 00
8,57 1,000.00
JO, 692, 500. 00
5, 736, GCO. 00
2, 440, 000. 00
7, 127,500.00
700,000.00
4, 074, 000,00
6, 380, 500. 00
13, 346, 500. 00
592, oco. 00
35, 000.00
1, 350, 000. 00
237, 580, 200. 00
2, 044, oco. 00
62, 269, 000. 00
I, 385, 000. 00
I, 286, 800. 00

$8(0. 000. 00

6, 000, 000. 00
$2, 085, 000. 00
237,000. 00
I, 700, 000. 00
1,2 14,000. 00
635. 000. 00
1, 000, 000. 00
777,500.00
299,500.00
560,000.00
2, 432, 5GO. CO
10,000.00
25,000. 00
750,000.00
8, 435, 000. 00
45C, 000. 00
5,447,500. 00
71;, 000. 00
70. 000. 00
50,000.00
1,750, 500. 00
50,000.00

I, 543, 000. 00
9, 503, 000. 00
2, 720, 000. 00
8, 025, 000. 00
3, 626, 500. CO
3,431 , 000.00
21, 234, 500. 00
I, 250, 000. 00
430, 4o7, ooo. oo

302, 000. 00
415,000.00
3, 282, 500. 00
32, 062, 000. 00

See footnotes at end of table.

Digitized by

Google

430,000.00
1, 800, 000. 00
3, 113, 000. 00
6, 871, 000. GO
9, 478, 500. GO
5,101,000. 00
1,440.000. 00
6, 350, 000. co
700, 000. 00
3, 774, 500. 00
5, 820, 500. CO
10, 904, 000. 00
682, oco. 00
10,000.00
600, 000.00
170,954, 200. 00
1,594, 000.00
56, 821, 5CO. 00
1, 060, GOO. 00
I, 216,800. 00

1, 484, 000. 00
7,742,500. 00
2, 670, 000. 00
8, 025, 000. 00
3, 324, 500. 00
2, 971, 000. 00
17, 952,000. 00
I, 250, 000. 00
339, !!80, 000. 00

'

II
Ii

ll
ll

II

ll
ll

ii

fi

REPORT OF RECONSTRUCTION FINANCE CORPORATION

39

4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrau·als or cancelations, and disbursem ents, from Feb. 2, 1932, to Mar. 31 , 1937, inclusive, br States 1-Continued

TABLE

T OT AL, SEC. 36. TITLE II, OF THE EM ERGENCY FARM MORTGAG E ACT OF 1933, AS
AMENDED
[Loans to drainage, levee, irrigation, and similar districts, etc.]
Number Number
of author• olbor·
izations
rowers

State

Arizona _____________________

7
83
53
31
33
28
41
7
3
18
1
71
73
14
0

6
76
16
2
25
1
2

g
1
22
6
6
5
53
12
2
17
1
2

$13, 715, 440. 86
13, 148, 335. 4 7
47,895,914.41
4,858,841.35
4,995,661.31
2, 708, 918. 38
3, 592, 048. 37
383,500.00
91,932.45
1,465, 578. 29
302,500.00
5, 423. 242. 49
7,900,314.38
1,571,249.31
1, 686, 640. 00
969,433.00
886,307. 76
38,000.00
2, 886, 857. 78
280.160. 00
156,100.00
110,300.00
13,609,661.94
637,500.00
136,200.00
1,374, 495. 70
22,000.00
43,900, 00

803

612

130, 891,033. 25

9

Arkansas ......••............
California .••.......•........
Colorado .•••............•. ..
Florida ....... .•..•...•......
Idaho ...........•.....•.....
Illinois ______________________
Iowa .... ·-·· · ...............

98

79
45
41
39
56
11
3
19
1
92
86
20
11
6

f:ut~~!:.·.~~::::::::::::::::
Minnesota ........••.••.•....

Mississippi.
....• ............
MiM<>urL ________ __________ _
Montana .. _.................
Nebraska ..•.........••......
Nevada ...••..•........ .....
New 1>1exico .................
North Carolina . ..•••..••....
Oregon ......................
Sooth Carolina .....•........
South Dakota ........ .......
Tennessee ............ .......
Texas ...•......••••••.......
Utah ........................
Virginia .... •. •...........•••
Washington ...•.............
Wisconsin ........... .... . ...
Wyoming .. • ......... .•. ....

4

10

1
36
6
6

Total ...• ..•... . ..••.•.

Amount
authorized

Amount with•

Amount
disbursed

drawn or

canceled
$1,060.22
l, 574,546.25
6, 392, 570. 59
1, 509, 655. 00
73, 14a. 10
777,250.86
631. 732. 82
183,000.00
21,000.00
568. 846. 95
302,500.00
559,150.44
929,977.05
516. 342. 58
125,852. 94
425, 5CO. 00
9,807. 76
1,000.10
83,404. 05
119,571.03
6,000.00
16,000.00
838,999.17
119,500.04
200. 00
253, 050.00

$1,563, 190. 00
6,908, 716. 49
21,456,127.62
2, 566, 925. 96
2, 102,237.64
1,256, 801.94
1,810,523. 67
85,196.23
33,663.66
620,154.17

----------------4,456, 745. 63
5, 434, 993. 56
1,017,473.12
1,402,787. 06
534,576. 06
790,885. 87
36,999. 84
2, 713,652.01
124,928.37
150,100.00
21,393.64
11, 710, 077. 43
315,487. 69
136,000.00
1,11 5,028. 81

----------------- - --------- 27,400.00
-- -----------------------16,030,663. 61

68,308,006. 47

TOTAL, ACT APPROVE D JUNE JO, 1933, AS AMENDED
[Loans on, and a subscription for, preferred stock of insurance companies)
Kansas ....•... ..............
Maryland ............ ... •...
Michigan ..........••. . •.....

1
4
2

m
~~'.~~·:~:::::::::::::::
New Jersey ............• .•...
New York ...........•.......
North Carolina ........•••..•

1
1
1
1
1

Total. ................ .

12

10

$100, 000. 00
22, 350, 000. 00
4, 125, 000. 00
100, 000.00
150. 000. 00
4. 000. 000. 00.
3, 500, 000. 00
50,000.00

$100, 000.00
22, 350, 000. 00
4,125,000.00
100, 000.00
150. 000. 00
4,000,000. 00
3, 500, 000. 00
50,000.00

34, 375. 000. 00

34,375,000.00

LOANS ON PREFERRED S TOCK OF l J;"SUR.!.NCE CO MPANIES

[Under the act approved June 10, 1933, as amended]

~ril:nd.~=~::::::::::::::::
Minnesota............... ....

il

NewJ ersey..................
New York. ..... .............
North Carolina........ ......

1
1
1
1

Mis.souri................ .. ..

- - - - --

Total ••.• - ••• - . - • -- • -• •

11

r
I
1
1
1

I
9

2

s ~:

r~: 888: 88 ::::::::::::::::::

100. 000. 00
150. 000. 00
4, 000,000. 00
3,500,000.00
50,000.00

.•..•. . .... . ......
• • •. • • •... ••. . . . • .
....• . ......•.•...
.. ...••....... . ...
.. ....•.........•.

$2;:ri~: 888:88
100. 000. 00
150, 000. 00
4, 000, 00i.OO
3,500.000. 00
50,000.00

- -- - - - - • l - - -- - - - 1 - - - - - - 34, 275, 000. 00

34, 27 5, 000. 00

See footaotes at end or table.

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40

REPORT OF RECONSTRUCTION FINANCE CORPORATION

4.-Number of authorizatiom and borrowers, to which authorizatiom were
made; and amount of authori zations, withdrawals or cancelations, and disburBements, from Feb. 2, 1932, to Mar. 31, 1937, inclusive, by State8 1-Continued

TABLE

SURSCRIPTION FOR PRll:rEBRED STOCK OF AN INSURANCE COMPANY

[Under the act approved June 10, 1933, as amended]
Number Number
ol author• ol bor•
lzations rowers

State

Amount
authorized

Kansas •.••••••••• ·--··--····

l

1

$100, 000. 00

Total. •••••••••••••••..

l

l

100,000.00

Amount with•
drawn or
canceled

---------------·------·------------

Amount
disbursed
$100,000.00
100.000.00

TOTAL, ACT APPROVED APR. 13, 1934, AS AMENDED
(Loans to finance the repair of damage by earthquake, llood, or other catastrophe in 1933, 1934, 1935, and 193~]
California ...... . ........... .
Connecticut ................ .
Florida ..................... .
Georgia ..................... .
Maine ..•....................
Maryland .................. .
:llfass_ar~us~tts .............. .
M1ss1ss1pp1. ................ .
Montana ................... .
New Hampshire........... . .
New Jersey ..... ............ .
New York ......... ......... .
North Carolina ... .•.......• .
Ohio .......••....•.•.•.•....
Pennsylvania ..•............
Texas . ...........•..........
West Virginia .............. .

4

1

52

51

I

1
144
20

153
20
9
123
74
1
11

11

1
24
I

1
21
l

2
4

2
199
l
3

687

656

205
2

Total.. ••... ••.........

9

120
70
l

$1. 252,830.00
$897,170.00
$2, 150, 000. 00
91, 175. 00
38, 270. 00
142,945. 00
50,000.00 ········ ··· · ••·•·•
11,541.00
684,775.35
217,094.65
1, 349. 000. 00
8, 450. 00
15, 800. 00
24,250.00
11,000.00
13,000. 00
24, 6GO. 00
66, 824. 00
258, 335. 00
325,159.00
107,600.98
9, 6-19. 02
107,550.00
92,035.00
150,000.00 .•... .•.. .........
23,471.14
16,750.00
42,950.00
500. 00 ................. .
500. 00
27,572.00
17,625.00
5~. 697. 00
10,500.00 ..•..•....... .... •
10,500.00
4,900.00
4,900.00 •• ................
608, 222. 75
36-3, 465. 00
1, C33, 28i. 75
20, 000. 00
70, 000. 00
140,000. CO
20, 950. 00
6, 700. 00
27,650.00
5, 696, 988. 75

I, 934,758.67

3,031,347.22

TOTAL, SEC. 14 OF THE ACT APPROVED JUNE 19, 1034, AS AMENDED

1t

[Loans to borrowers engaged in the mining, milling, or smelting of ores]
Arizona.-···················
Callfornla. .. .• •••... .. . ....•
Colorado....................
Georgia.....................
Idaho. • . . . •• • • • • • • • • • • . . . . . .
Montana. ...................
Nevada . • . . . . • • • . • • . . • . . . . . .
New Mexico.. ..............
Oregon......................
South Carollna.. .. •. . .•• .• ..
South Dakota. ..............
Utah.. . .................... .
Virginia.. . .... .. ............
Wyoming-. . ........... . ....
Alaska......................
Totnl..................

29

32
10
2
2

27
30
10
2
2

8
11
2

8
11
2

5

4

1

I

1
1
1
1

1
1
1
1
7

8

$188,500.00
$836, 000. 00
$1,603,500.00
786,000.00
620,000.00
2, 430, 500. 00
515,000.00
50,000.00
735,000. 00
10,000.00
14,000.00
24, 000. 00
240, 000. 00
240, 000. 00
470,000.00
730,000.00
204, 000. 00
95, 000. 00
3, 355, 000. 00
19,000.00
41,000.00 ....•••...........
15, 000. 00
178, 000. 00
428, 500. oo
20,000. 00
20,000.00 • • •••• • ••·•·•··•·•
20, 000. 00
20, 000. 00
20,000. 00 · ··· ······-·······
8,000. 00
20,00fl, OO
330,000. 00
25,000. 00
925,000.00

- ---~------1--------1-----------e2,076,500.00
2,557,000. 00
10,600,500.00
108
114

TOTAL, SEC. 16 OF THE ACT APPROVED JUNE 19, 1934, AS AMENDED
[Loan to a public•school authority for payment ol teachers' salaries due prior to June 1, 1934]
$22, 300, 000. 00

22, 300, 000. 00

See footnotes at end of table.

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Google

4]

REPORT OF RECONSTRUCTION IJ'INANCE CORPORATION

4.-Number of authorizations and borrowers to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, and disbursements, from Feb. 2, 1932, to Mar. 31, 1937, inclusive, by States I-Continued

TABLE

TOTAL, ACT APPROVED AUG. 24, 1936

[Loans to or for the benefit of tax-supported public-school districts, or other similar public-school authorities
in charge of public schools]

State

Number Number
of author- of borlzatlons rowers

Amount
authorized

Amount withdrawn or
canceled

Arkansas.•.•.•••••••••••.•••
Texas .•..•••.••••..••••.•.•..

20
6

20
6

$1, 123, 800. 00
883, 000. 00

$266, 800. 00
210,500.00

Total ..••.•••...•.•....

26

26

2, 006, 800. 00

477,300.00

Amount
disbursed
$53,420.47

-- ----------------

53,420.47

1 "Borrowers, etc.", Include applicants to whom loans have been authorized and institutions in connection
with which purchases of preferred stock, capital notes, or debentures have been authorized. With respect
to loans on preferred stocJ.. the figures represent the number of institutions on whose preferred stock the
Corporation authorized loans.
1 These authorizations are not Included in the State totals shown above, because the operations of the
borrowers, etc., ordinarily are not confined to any one State.
' Includes 12 authorizations in connection with refinancing of loans previously made by the Corporation
to Federal land banks.
• Includes $193,618,000 representing refinancing of loans previously made by the Corporation to Federal
land banks for different individual amounts, but in the same aggregate amount.
• In addition, upon certification by the Federal Emergency Relief Administrator, under the Federal
Emergency Relief Act of 1933, the Corporation disbursed $499,650,000 for relief, as shown in table 4, p. 22;
and disbursed $349,930.89 to the Federal Emergency Relief Administrator for expenses necessary to carry
out the provisions of the above act.
• Revised.
'Does not Include l borrower in California, inasmuch as the Corporation had previously authorized a
Joan to this borrower under sec. 5d of the Reconstruction Finance Corporation Act, as amended, and this
borrower is included in the number of borrowers under that section.
• Does not include l borrower in Florida, inasmuch as the Corporation had previously authorized a loan
to this borrower under sec. 5 of the Reconstruction Finance Corporation Act, as amended, and this borrower is included in the number of borrowers under that section.
• Duplications in the number of borrowers, etc., arise in cases where the Corporation makes authorizations
to a bank or trust company under more than one of the classifications under sec. 304 of the act approved
Mar. 9, 1933, as amended.
10 Classified by States according to the location of the property of the borrowers.

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TABLE

~

5.-Loan and other authorizationa, by character of loans, etc.,• from Feb. 2, 1932, to Mar. 31, 1937, inclusive
Withdrawn or
canceled

Authorhed

Repaid•

Disbursed

Outstanding as of
Mar. 31, 1937

BANKS AND TR UST COMPAN1ES 2

Loans to aid in the reorganization or liquidation or closed banks:
To receivers, liquidating agents, and conservators . .........................•.•.•...
Through mortgage loan companies.................................................
On assets of closed banks, under sec. 5e of the Reconstruction Finance Corporation
Act, as amended................. .............. ..................................
Total, to aid in the reorganization or liquidation of closed banks...... . ........
Loans to open banks •............... ....................... ...........................
Loans on preferred stock _.......... ................... ................................
Subscriptions for preferred stock.......................................................
Purchases or capital notes or debentures.............................................. .
Total, banks and trust companies• .. . .................•...•••.•..........•.••••.

$1, 122,490,906. 82
119,214,089.59

I

$758,720,311. 14
72, 886, 069. 02

$65, 216, 70-1. 42
26, 995, 423. 52

492.. 622.
59
12. 314.
381. _
71 , _11, 054, 576. 2-l
13, 426, 492. 18
:
_ _ __
__
1
1
1
I, 255, 131,488.59
· · · 1· 1 936,132,980.4 11 842,660,957.00
276,511,1119.3
106,345,264.55 1,143,091,364.0 1 I, 020, 992,299.00
1,339,795,128.56
5, 126,025.00
18,148,730.00
23,374,755.00
5,525,619.12
73,397, 760. 77
717. 273,373. 23
816,733,634.00
267,453,310.58
32. 062. 000. 00
339. 880. 000. 00 , 172,801,637.31
430, 457,000.00 l-----'---'--l>l<i. 442. 24Y. liei I :< 11\4. 62H 447. fl.S I 2,318,433,823.01
3. 865, 492, 006.15

I, 259, 805. 47
93, 472, 023. 41
113,099,065. 01
12, 023, 110. 88
449, 820, 062. 65
IG7, 078. 362. 69
836. 092. 624. 64

$258, 836, 086. 21
17, 182, 490. 51

$823, 937,105.561
09, 881,493. 14

___

!======= ========='-

24,393,087.14
121,904,644.04
146. 297. 731. 18 1

INSURANCE COMPANIES

0

cg:

;;a·

(1)

Q

~

C'J
0

~

~

21,471,879. 251

- 7. 345.
•• ; 653.
••• 98
""

""'-~II,"""·""

Loans-direct..... ..... .... .................................. ..........................
Loans on preferred stock...............................................................

103, 006, 858. 28 I···· 13,331,441.86.
34,275,000. 00

Subsc~~~~~ 1:;::r:r:!:::~;;::::::::::::::::::::::::::::::::::::::::::::::::::::::

137,

~~: : : :

2, 000, 180. 061
114.
558,990.06
•••••
." ••• "" _

1

I

110, ~ Y.

Total, mortgag:!:~~::T:~:1;~~~~;;.~ ·;;;s·;

:;~;;~~~.-~~--·· ·· · ····· ····· ···· ·
1

usu. '"

89,675,4 16.42
34, 27 5, 000. 00

a

3, 862, 503. 20
28, 255, 372. 50
100,000.00
32, 217, 875. 70

------------------

12, 400, 000. 00

------------- ---5,506,811. 76
366, 235, 5 71. 68
20, 200, 000. 00
5, 607,700. 39
477,249. 37
I, 657,229.19
33, 146, 368. 56
65,947,617.85
611, 268, 548. 80

387, 236, 000, 00
9, 250. 000. 00
173, 243, 140. 72
646, 452, 782. 73
3, 300, 000. 00
17, 040,060.14
6. 562. 890. 94
13, IOI , 598. 69
20, 224, 580. 66
19,288.616. 70
1,204,701,070.58
I

372, 718, 570. 91
9. 250, 000. 00
173, 243, 640. 72
560, 765, 113. 55
3, 300, 000. 00
15, 078.214. 23
5,518,618.22
12, 776, 763. 88
20, 177, 690. 6 7
17, 874, 794. 29
1, 196,703, 400. 47
I

~

85,812,913. 22
6,019,627.50

328, 263,334.62
27,717, 931.48
225,912, 049. 33
148, I 39, 398. 92
77,772,050. 41
36,959,139.94
29, 170,864.00
10,402,307. 34
18, 768, 556. 66
----- -- --- ---25, 000,000.00 ------ ---- -------25, 000, 000. 00
25, 000, 000. 00
I. 250. 000. 00 ------------------ -- -------------- -l. 750,000.00 l---'-----',n(_!lfl7.931.4!!
~;t
121. 541. 207. 07
391. 972,474. 56 I
::. ::~...... I ?JU'lOR.2
-----·QI~
.... -I 158,541, 706. 26 I=======

Loans to Federal land banks . ...•................ . . . ..... .... . . . •.. .............. ...... 1 399, 636, 000. 00
Loans to Federal intermediate credit banks ...................................... . .... .
9, 250, 000. 00
Loans to regional agricultural credit corporations . •.. . .............. . ................ ..
178, 840, 452. 48
Loans to Commodity Credit Corporation ............... . . . . . ..... . .. ........ . . .... ... . 1, 222, 108, 664. 99
Loans to Secretary of Agr1cultnre to acquire cotton ........ ... .................... ..... .
23, 500. 000. 00
Loans toJomt•stock .and banks............................ ... . .. .. ... ..... ........... .
24, 221, 572. 68
Loans to agricultural credit corporations ... .. .. . . .... . ......................... ....... .
6, 120, 867. 59
Loans to livestock credit corporations.... .............. ........•.. . ... ...... ... ........
14,758,827.88
Loans for finanolng exports of agricultural surpluses ..... ........... . ............. . . . .. .
53. 370, 955. 22
Loans for fin ancing agricultural commodities and livestock . .•.... . ............ .........
85, 539, 013. 08
Total , agriculturol financing institutions, etc . ............••...................... 2, 017, 340, 353. 02

tr.l

0

2. 096, 363. 89

91. 832,540. 72

42

=

0

240,035.33
1, 855, 428. 56

1M fYlO M

124-,. £1'1114lf\
_.

~
~

1, i 59, 254. 63
112, 703, 561. 50
114. 462,816.13

----------------- :=:: ~=: ~:=-·1·--~~------~~

I ii. :i:U. 441. KR I
:· ···::::::::::·::·:

MORTGAGE LOAN COMPANIES I

Loaus--direct........................ . . . ... ........••.... .. ............ ....... ..•......
Loans to The RFC Mortgage Co. . . . . ... . ... ............ ..... ........... .. ............
Subscription for stock of The RFC Mortgage Co............ ............. .............
Subscription for stock of other mortgage loan companies. ...... ........ ............ ....

I
1

tr.l
"tl
0

...l::rn

I-

BUILDING AND LOAN ASSOCIATIONS

Loans to receivers...................................................... ............ ....
Loans to others .............•.•.••.•_..~················· · ······························
Total, building and loan assocmt1ons.............................................

=

------------------

14,517, 420. 09

----------------------------------70,687,669. 18

-----------------I, 062, 746. 91

44,272. 72
324, 834.81
46,895.00
1,413,822.41
97,997,670. 11

l======l=====~======l======i==== ==

d

~

~
"'1

z~

0

tr.l

0

0

=
~....
"tl

0

z0

'"°".n, LO reooh a
1

Los n• to other• . •

Tor.at, rallro~ds •••.•••....••••..•••.••• .•••.•••••.•...•.•••••••.•.•••.•••••••.•..

• 24. 6M. 000. 00
' 603. 853. 835. 00
628. 519. 795. 00

I

841. 791. 00
106. MS. 764. 89
106. 393. 655. 89

I.

23. 821. 160. 00
• 403, 30/i. 070. ll
517. 126. 239. 11

I •

783. 356. 00
• 176. 075. 060. 67
176,769,016.67

• 23. 037, 813. 00
• 317. 320. 409. 44
340. 367. 222. 44

63, 493, 487. 65

BUSlNESS CONCERNS

Loans to Industrial or coromercl11\ business:
Direct (including participations) ••••••••.•..•••••..••••••••••.••••.•••••••• -·· •••••
Through ban ks ..••..•.•...•••.•••••.••••••.••••••.•••..•• ••••.••••••••.....•.•••••
Through mortgage loan companies •.•••••...•••.•••••••••••••••••.••••••...•• •••••.
Fishing Industry under sec. 5 ol the Reconstruction Finance Corporation Act, as
amended •.••..••••.••••••...•...••.••••...•...•.•..• •••••••.•......••.•.•.••••• •.
L
oans for mining, milling, or smelting of ores .•.•.•..••......••••••........•.••...•••..
Loans to processors, or distributors subject to processing taxes •.•.•••.•.•.•.•...•...•••
Total, business concerns •••...•.•••.••••••.•.••.•••...•.•••••••••·••.....•••••••..

16,422,275.00

45, 044, 765. 70
li2,838. 65
10, 720, 439. 85

78, 592, 618. 62
114,661.35
5, 701, 835. 15

15, 099, 130. 07
114,661.35
2, 908, 410. 64

792,100.00
JO, 600, 500. 00
26,089.27
180, 239, 995. 89

77,900.00
2,557,000. 00
11,371.21
58,464,315.41

654,075.00
2, 076, 500. 00
14. 718. 06

87,154,408.1 8

116,363.31
617,716.49
14,718.06
18,871,000.82

339, 217, 487. 36

27, 895, 743. 14

254, 521, 658. 25

54, 749, 542. 84

109, 772, 115. 41

130,891,033. 25

16,039,663. 61

68, 398, 066. 4 7

653,920. 18

67, 744, 146. 20

10, 450, 000. 00

1, 034, 596. 78

8, 528, 87 5. 90

1, 693, 710. 94

6, 835, 164. 96

1, 702, 962. 7.5
3, 994, 026. 00
16,146,088. 75

735,490.00
1, 199, 268. 67
2, 969, 355. 45

863,872. 75
2, 167,474. 47
I l. 560, 223. 12

45,122.40
1,097,606. 81
2,836,440. 15

818,750.35
1, 069.867. 66
8, 723, 782. 97

642,967.80
Loans to credit unions . ..........•.••••.•.•............•..•...•... ....•.•.......•......
13,087,715.88
Loans to State lunds for securing repayment ol deposits of public moneys .•.•••.•.•••••
800. 00
006,
2,
••.
.•....••.••••.••..
...
............
obligations
district
public•school
refinance
to
Loans
22, 500, 000. 00
Loan for payment of teachers' salaries ..•...•....•.•........ . .............•...•.•.•.... .
and
Relief
Emergency
the
under
relief,
work
and
relief
for
available
made
Amounts
300, 000. 000. 00
Construction Act of 1932. as amended ............•.............................• .....
1, 000, 000. 00
Loan to Rural Electrillcation Administration ......••...............•.....•............
237. 483. 68
339,
Total, other..••••...... ..•.•.•.•.••.•••.•.. ........ . . •..•••.•••.•... ..••• ••.••••.
8, 192, 743, 208. 02
Grand total

42,872.01
23,084. 70
477,300.00
200, 000. 00

600,095. 79
13,064,631.18
53, 420.47
22, 300, 000. 00

373,844.21
13, 064, 631. 18

152, 231, 531. 62

167,500.00

SELi·LIQUIDATlNO PRO1ECTS

Loans-total ....•..••.......•..•••..... .•••••....•...•••••....•..•...•••••.•....•• •.•.•

--------------2, 793, 424. 51

--

537,711.69
1,458,783.51
-

- - - --

DRAlNAGE, L:EVEE, IRRIGATION, AND SIMILAR DISTRICTS

Loans- total ...•....••••••.•..•.•••••••...••....••.•••• ••.•...•...•••.•••....••••.••.. .
REPAIR OF DAMAGE BY EARTHQUAKE, FLOOD, ETC.

Loans to repair damage in 1933 ........•••.••...............•.••••••••••••• •••• • •••.•.•.
Loans to repair damago in 1933, 1934, 1935, and 1936:
To Industrial or commercial business.... . .....••............•••..••..••.•.••.••....
To others . . ....•• .........••..•.•.....•..........•..•.••.•• ...•................... .
Total, repair of damage by earthquake, flood, etc ..•••...•.•.•..•........•..... .
OTHER

0

cg:
&r

Q_

~

C;
0

~

~

209, 984, 999. 00
598,000.00
336,601. 146. 44
758, 257. 71
1, 378, 348, 596. 21 76,245,281, 7i5. 57
15,001.00

------------------

-----------------22, 300, 000. 00
10, 756, 786. 00

--------- ------ --46. 495, 263. 39
4, 180, 339, 476. 64

226,251. 5q

----------------53,420.47
289, 228, 211. 00
598,000.00
200, 105, 883. 05
2, 064, !142, 298. 93

Excludes allocations to other governmental agencies, purchases of securities Crom Public Works Administration, and commitments outstanding.
Excludes repayments unallocated, pending advices, as of Mar. 31, 1937.
Excludes Joans through banks to industrial or commercial business.
• Excludes Joans through mortgage loan companies to aid closed banks, and to industrial or commercial business.
• Includes $193,618,000 representing refinancing of Joans previously made by the Corporation to Federal land banks for ditJerent individual amounts, but in the same aggregate

1

1
1

amount.

~'ti

~

~
~
a

~

~
§
d

~
~

z
~

&3
a

ij

!
~

• Revised.
r In addition, npon certillcation of grants by the Federal Emergency Relief Administrator, under the Federal Emersencr Relief ,\ct of 1933, the Corporation bad disbursed $499,·

650,000 for relief and $349,930.89 for expenses necessary to carry out the provisions of the above act,

~

~

44

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorizations, disbursements, repayments, and amounts outstanding from Feb. 2, 19Ji!, to Mar. 31, 1937, inclusive, by classes and months 1

TABLE

GRAND TOTAL
Year and month

Amount author•
i,ed •

Amount dis•
bursed

Amount repaid

Amount out•
standing at end
or period

1932

February ...........••....... ..
M arch .. . . . ....... . . ..... .•....
AprlL •.......•.•...•••••......
May .. . . •...... . .. ....•.•......
June . . ... .... .... -..••• ... . -· -July . .. . ..•. . ....... ...........
August.... . . ... •... . .... ........
September ..•........... .... ...
October . ........ ... . .. ....... ..
November ..•............ .... ..
Decem ber .... .. ......... .. .....

$91,60 1, 057. 00
142, 333, 075. 06
228. 771 ,667. 33
199,450, 02.\. 39
388, 254, 246. 63
170, \134, 728. 59
189,068,106.31
l3~. 480, 782. 93
JR2, 373, 941 . 36
00, 5!!8, 9'>0. 32
128, 3-12, 558. 65

$70. 868,417.52
121 ,477,890. 49
155, 5-13, 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. 6S
61, 020, 558. 96
131,501, 26.1. 75

- -- -- - --1,524, 747,133.82

Total. .•...•••.......••. . 1,936, 199, li2. 57

$18,845.00
8, 873, 883. 30
7, 009, 080. 50
16, 440, 7T/. 23
48, 684, 000. 02
34, 615,181.07
3.~. 232, 008. 30
44,903,1 58.06
47, 5M, 316. 2S
27. 1~0. 977. 04
29, 423, 415. 68

$70, 849, 572. 52
18.1, 453. 579. 71
331, 987,822. 44
474. 630, 1154. 33
724, 122,570.00
860, 657, 320. 711
971, 6M, 266. 20
998, 822, 822. 05
1, ORS. Slit, 2.~5. 45
1, 122, 720, 8-37. 37
1, 224, 798. 6~. 44

299, 94/l, 453. 38

1, 224, 798, 685. 44

1933

January ... ............... .. ....
February ......•. •........•.•..
March ....•...... .••.•. ...•••.•
ApclL . . . . . ....•.. . ... ..•.•..•.
M ay ....•...• .....• .•.•........
June . •.... ........... .. .. .... ..
July .. . .. ... ....... - .. .. ......
August. . .•..• ........... ..... .
September .•............. .... _.
October ... . .. •.• . ....... . ......
November ........•............
December.....•.....••...•..•..

142,844, 447. 43
283. 171,473.85
217, 732, 207. 45
162, 526, 631. 98
141,928, 87!\. 46
154. 047, 880. 32
201,024,785.36
57, i 92, 38 1. 18
44, 791, 443. 05
517,388,597.97
347,536,421. 5f,
475,432, 646.36

117,995,293.92
199,499, 330. 83
179, 533, 134. i2
117,500,398.87
195, 805, 854.81
123,677,037.80
l lfi. 339, 396. 98
83, 128,537. 43
39, 2il, 494. 74
4S, 646,412. 75
186. 473, 065. 01
369,537,593.42

32, 452, 828. 29
35,971 ,603.16
M, 8 13,560.83
40. 213, 996.05
46. 800, 209. 06
94, f,.ifl, 029. 32
112. 949. 299. 42
73,520,461.92
61, 73-l, 251. 55
69, 684, l\50. 98
!\ 1, 202, 04.i. 08
67,574,183. 47

1,310,341, 151.111
1, 473, MS, 878. 74
1, 597, 588, 446, 63
1,674,874, S49, 45
1, 823, SSO, 495. 20
1,852,901,503.68
1, R.iS, 291. 601. 24
1, 864, 8119. 676. 75
1, 1142, 4~. 919. 94
1,821,398.681. 71
1, 9.i6, 669,701.114
2, 258, 633, 111. 59

Total. ••..•••....•...••.. 2, 746, 217,791.97

I, 776, 407, 551. 28

742,573, 125. 13

2, 258, 633, 111. 59

343, 781, 484. 63
138,223,573. 21
174,702,436. 92
137,503,338. 54
100,482,025. 14
205,212,280.51
• 278,190,303. 16
115, 003, 399. 80
54,364,910. 22
60, 087, 192. 35
87,827,623.32
132, 546, 512. 48

86, 163, 678. 38
82, 739. 872. 01
91,311,849. 17
91, 123, 212. 32
66, 097, 270. 39
67,831,380. 42
• 443, 161,666.45
136, 883, 990. 63
71,019,841.07
79, 14 2, 232. 20
73,407,675.50
114, 654, 725. 17

2, 516, 2.'iO, 9i 7. 84
2,571,734,619.04
2,655, 12.S. 206. 79
2, 701, 50!\, 333. 01
2,734,990.087. 76
2, 872, 3 70, 9R7. 85
2, 707, 399, 624. 56
2, 68/i. 519, 033. 73
2, 668. 864, 102. 88
2, 649. 809, 063. 03
2, 664, 229. 010. 85
2, 682, 120, 798. 16

1,827,925,080. 28 11, 404. 437,393. 71

2. 6~. 120,798.16

1934

January ... ••..•...••••• . •..• • .. I 406, 818, 221. 00
132,461,816. 10
February .•••..••••.....•.•••..
:March ....•.••.••....... ...•... I 196, 805, 336. 11
April.. .. . . ...••...•.......•.• __
101, 694,057. 38
May .. . ... .. ..........•..•• •... I JO.i, 720, 702. 65
June ... . .. ..•.•..•.. •·······--· , • 261, 557, 367. 64
July.······ · ······ ·······-·-· -- I 73, 594, 504. 65
188,434,123.69
August. ... .••• •...• •..•••••••..
September ••••. •...•...•.••.... I 28U, 144, 4fi5. 19
rn2. 322. 799. 21
October ...•••••......•....•.•..
I 53,6 13,012.41
November •••••.•.•.....•...•. .
116, 567, 752. 03
December ••••...........••••. . .
•rotal. • ••. •• .••.. -...••.. • 2, 118, 734, 148. 06
1935

January .. .•••• ·-····· ..•••• •. ••
February .••.•••.•......•••••••
March .••....••.•..••..•• ..••..
April.. ....•.• .• ••...•.•..••....
May ... .. .•.•••.•.•.......•.•..
June .......• •.•.•....•...... . ..
July . .. . . . ...••••.•...••..•••..
August......••••••.....•.•. .. •..
September ••.• •.. • ...•.••..•...
October .... ••.•••••.•.•.•.•.•..
Novemher •••.... •• •• .•.•.... ..
December.....•.•.•••.•.•.•....

I

49, 275, 454. 45

32, 144, 004. 98
19,850,030.26
37,057,127.58
58,483, 575. 59
32, 608, 545. 74
138, 555. 994. 07
I 28, 253, 080. 00
I 27, 232, 256. 72
I 130, 225, 477. 53
I 30, 383, 209. 10
I 121,338,817, 28
I 39, 883, 002. 95

54,737,363.83
39, 624, 005. 90
56, I 04, 278. 17
61,729,009.88
137,909,087. 21
124,588,307.71
51, 347, 644. 38
42,029,803. 9ll
28, 436, 221. 25
17,986, 037.69
43, 792, 967. 11

73. 431,516.118
60, 582, 38,1, 4-0
54,747,687. 70
48. 076. 834. 97
46,990,617. 111
53, 855, 640. 23
60, 097, 571. 9ll
40, 278, 281. 119
34, 94-0, 786. 92
47,011,116.53
34, 143, 979. 73
106, 845, 402. 79

2, 652, 119, 721. 48
2, 636, 996. 9.19. 66
2, 645, 024, 382. 811
2, 659, 762. 775. 67
2, 743, 816, 222. 66
2, 808, 306, 958. 37
2,819,376,320. 76
2, 8~6. 465. 337. 83
2, 807, R!lO. 442. 55
2, 791, 732, 500. 51
2, 728, 680, OM. 83

696, 015, 721. 80

707,561,086. 57

661,001,819. 90

2, 728. 680, OM. 83

Ua~L::::::::::::::::::::::::::
June •• . .. •••.•..• ••.••.••••••..
July . ..... . ...•••...•. •• •...••.•
August . .. .•..••.•.••......• . ..•
September .• .• •.•.•••.........•
October . .. .. •......... .........
N ovember. ..••••.• ..•••....•..
December .••••• ••.•••••••.•.•.•

24,616,712.69
• 15, 1so. ns. 39
120, 547,802.34
I 37, 310, 965. 06
I 95, 674, 906. 94
I 31, 159, 888. Z1
• 181,1 56,472.81
44, 086, 758. 38
I 8, 543, 959. 29
I 28, 039, 8.10. 29
15, 028. 335. 34
I 10, 053, 410. 23

62, 162, 133. 42
16, 900, 711. 44
19, 482, 00 I. 93
28,601,474.67
25,788,347. 90
23, 103, 343. 50
42, 200, 622. 53
ZT, 119,391.90
18, 627, 653. 01
28, 403, 788. 54
10, 835, 460. 87
25,067,831.62

49, 420, 650. 65
52, 691, 446. 85
75, 365,432.03
46, 190,361.91
I 150,760,907.52
I 112,558,813. 95
I 238,417,224, 01
I 37, 666, 959. 78
I 26,857,791.63
I 34, 787, 512. 10
I 33, 720, 705. 24
1 63, 066, 696. 16

2,741.421, 547. 60
2, 705, 720, 812. 19
2, 6t9, 837,382.09
2, 1132, 248, 494. 75
2,507,275.935. 13
2,417,820, 4M. 88
2, 221, 603, 863. 20
2, 21 1, 056, 295. 32
2, 202, 826. 156. 70
2,196,442,433.14
2, 173, 557. 188. 77
2, 135, 55!1, 324.. 23

Total ••••••••••••••••••••

611, 399, 820. 03

328, 382, 761. 23

921 , 501, 501. 83

2,135,558,324.23

Total. •••.•.•••••••••••.•

I

2, 657, 9M, 736. 03

1936

January •.••••.•.•••••••••••••.•
February..••.....••..... •. •••.•
March ..••••••••••••••.•....•..

I

I

I

I

Bee footnotes at end of table.

Digitized

by

Google

REPORT OF RECONSTRUCTION FINANCE CORPORATION

45

6.-Amount of authorizations, disbursements, repayments, and amounts outstanding from Feb. 2, 1932, to Mar. 31, 1937, inclusive, by classes and months 1Continued

TABLE

GRAND TOTAL-Continued

Year and month

1937

January ...................•....

Amount author•
ized •

$35, 956, 158. 75

Amount dis•
bursed

Amount repaid

$34, 336, 250. 71
35, 899, 471. 38
80, 638, 460. 60

$2, 149, 380, 271. 82
2, 129, 185,871.55
2, 004, 942, 298. 93

• 150, 874, 182. 69

2, 064, 942, 298. 93

$48, 158, 198. 30
15, 705, 07 I. 11
16,394,887.98

February.......••......•..•....
March ..... ····-···--········--

10, 205, 820. 23
38,014,574.61

Total, first quarter•••• __ .

84, 176, 553. 59

80, 258, 157. 39

Grand total._ .• ·······- __ 8, 192, 743, 208. 02

6, 245, 281, 775. 57

Amount outstanding at end
of period

1

1 4,

180, 339, 476. 64

2, 064, 942, 298. 93

TOTAL, SEC. 5, RECONSTRUCTION FINANCE CORPORATION ACT, AS AMENDED
1932.·----·-······-··-·-·····--- $1,623,154,844.44 $1,427,603,122.64
1933 .. ·- __ ·-. ·····-·-········--- 1,529,826,398. 18 1,156,042, 66G. 34
11134c .. -·---·••··--···········-··
856,293,083.97
780,585,918.13

1935

13

$299,832,996.431 $1, 127, 770,126.21
734,506,495.63
1, 550,206,296.92
1,034,932,267.97 11,295,859,947.08

December--··--·-·---····--·-·-

11,565,667.14
11, 935, 408. 87
15, 573, 679. 56
45, 600, 500. 37
13, 734, 407. 66
23, 123, 802. 45
12, 650, 100. 00
10, 212, 948. 47
7, 053, 989. 88
I 10, 466, 664. 95
• 10, 574, 886. 48
• 7, 979, 725. 15

17,418,681.04
14, 877, 791. 77
II, 448, 399. 06
23,042, 158. 55
37,987,580.08
17,054, 165. 21
7, 394, 725. 62
11, 236, 508. -07
4,283,894.47
3, 978, 386. 38
2,235, 181. 66
23, 485, 63 I. 43

61,868,910.95
49,094,099.41
48,589,176.89
39, 262, 460. 23
40, 848, 322. 78
43,813,047.91
40, 906, 525. 32
31,383, 181. 28
25,504,221. 74
33, 880, 980. 65
:IO, 962,917. 6,3
58, 666, 089. 80

1,251,409,718.07
1, 217,193,410.43
1, 180, 052, 632. 60
1, 163,832,330.92
1, 160,971,588. 22
1, 134,212, 705. 52
1, HY.J, 700,905.82
1, 0oG, 554, 233. 21
I, 059, 333, 905. 94
!, 029, 431,311.67
1,000,703,575. 70
965, 523, 117. 33

Total.. __ ---···--·••·····

• 180,461,830.98

174,443,104.84

504, 779, 934, 59

965, 523, 117. 33

December--· - _--- . ----- ·-·· ---·

I 17, 562, 321. 82
3 4, 797, 977. 98
• 109, 536, 303. 08
I 27,121,666.07
• 30, 761, 270. 82
I 8, 435, 389. 58
• 2,900, 167. 20
28, 619, 543. 87
3, 596, 578. 21
11, 813, 499. 33
11, 367, 530. 33
3, 629, 397. 33

,5, 845,842.34
8, ,fin, 111. 11
6, 893, 299. 14
12, 590, 452. 21
11,124,092.12
4, 180, 608. 06
16, 946, 451. 02
9, 785,793.42
5, 9H, 234. 27
15, 062, 862. 03
4,187,208. 76
15, 762, 093. 27

42, 785, 661. 99
32, 095, 358, ii7
60, 026, 230. 39
18, 441, 445. 66
20, 882, 492. 04
24, 134, 628. 57
66, 701, 434. 40
16, 038, 655. 17
19, 920, 793, 52
24, 083, 060. 27
1 25, 017, 808. 84
3 22, 254, 523. 81

928, 583, 297. 68
905, 254, 650. IS
S52, 121,718.93
846, 270, 725. 4S
836,512,325, 56
816, 558, 305. 05
7f>ll, 803, 321. 67
7UO, 550, 459. 92
746, 60:l, 900. 67
737,583,702.43
716, 753,102.35
710,260,671.81

Total. ___ ·--···-·----·-··

260, 14 I, 645. 62

JI 7,119,647.81

372,382,093.33

710, 2fJ(), 671. 81

March ... -- . -. ------- ---·-·----

30, 219, 402. 40
4, 885, 433. 811
3, 530, 623. 12

4, HO, 582. JO
4, 616, 662. 24
5,481,114.51

I 7, 025, 383. 25
12,595, 184. 70
' 26, 299, 212. 85

668, 585, 249. 86

Total, first quarter----··-

38, 635, 549. 38

14, 244, 358. 85

' 55, 919, 780. 80

568, 585, 249. 86

3, 670, 938, 818. 61 '3, 002, 353, 568. 75

668, 585, 249. 86

January·- ..... ·-·· ....... ·---·-

February ___ .•.. _·- ... _..... ·- ..
March ... •·-···-·------··-··· ..

tr::_::::::::::::::::::::::::::

lune.·--··----···-···-· ... •··-·

July. ____ . - ___ ·-. _. ·-- ·--- ·-·- -August. __ .... -· .... - . - -----· ·-·
September.···········--·-··-··

October.-·-····-------··---··-·

November •• _----·····-----····

1936

January. ___ ·- .......... ·-•-···February... ___ ............. ·--·
March .. ____ ._··---·---·-·--··April...- __ .·-·- ........ ·-•··-·•
May .... _____ ..... ··-·-·······June .. -·. -- ... - . ---·-·-·-··-···
July ... - . - . -- ..... - ·-----------August. ____ ._. - . - - -.. -- . -· --- ·September ____ ---·····-·----·-·

October._··-·.·--··-·-··-·--·-·
November______ ._ ... ·-.-----··-

I

1937

January_. __ .--·-····-··-------February_.··---·------·--·-·-·

Grand total. .• --·------·· 4, 488, 513,352.67

597,381,870.66
689, 403, 348. 20

BA.NKS AND TRUST COMPANIJ:S (lNCLUDINO RECEIVERS, LIQUIDATING AGENTS, AND CONSERVATORS)

[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
1932.• _ ··-·- __ •• ·-- - •• - - --- ··-·.

1933. -· .•• ___ •••••• - • - ·- -- • ·---·
11/34._ - - - - -- - •••• -- • - •• - ·- - ·--··

$949,412, 000. 09
849, 669, 525. I 6
455, 545, 860. I 6

$850, 836, 060. 02
578, 694, 545. 66
383, 148, 708. 22

$2.56, 249, 093. 06
461,874,568.42
468, 073, 238. 89

$594, 586, 966. 96
711, 40ti, 944. 20
626, 482, 413. 53

46,745,454.89
36, 821, 703. 70
38, 222, 865. 32
30, 7R8, 265. 44
30, 205, 343. 59
32, I 16, 05.5. 14
28, 808, 654. 78

591,724,944.44
564, 573, 809. 19'
,535, 455,835. 12
519,300,100.67
498,955, 114. 62·
477,884,873.86
4,54, 222,314.83

1======1,==-===

1935

Ianuary.... ·-- ___ ·- •• - -- . --··-·
February_.--------·---·-····-March •. ----------·---· ----··-April. . -----·-····----- ··---·-May.·-·-··----·- •• --· ••• -···-June .. ·-··- -- ·- -- -- •• - • ---··-·July_._.-·· •••• ___ . --- -----· --·
See footnotes at end of table.

8,327,367.14
9, 033, 311. 00
13, 996, 693. 99
9, 540, 215. 15
8,341,143.63
13, M9, 363. 52
8, 500, 1~0. 00

11,987,985.80
9, 670, 568. 4,5
9,104,891.25
14, 632, 530. 99
9, 860, 357. 54
11,045,814.38
5, 146, 095. 75

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Google

46

REPOHT OF RECOXSTHL'CTION FINANCE CORPORATION

6.-Amount of authorizations, disbursements, repayments, and amounts outstanding from Feb. 2, 19.:JE, to Mar. 31, 1937, inclusive, by classes and months ' Continued

TABLE

BANKS A:<D TRUST COMPANIES (lNCLUDI>IG RECEIVERS, LIQUIDATING AGENTS, AND CONSERVATORS)-

Continued

Year and month

1935-Continued
August ........•.•••••.•••.•.•..
September .•.......•.•.••••.•.•
October ...........•.......•••.•
November .••.•.•.........•••..
December ••.•.•................
Total. •••••••.•.••.......

Amount author•
ized •

$6, 239, %4. 82

Amount dis•
bur,;ed

Amonnt repaid

Amount out•
standin~ at eud
of µeriod

I 9, 853, 149. 42
• 7,452,009.86
• 107,897, 162. 76

$9,592,499.42
2,024,621.30
2, 884, 590. 79
320,301.89
20, 291, 243. 60
106,561,501.16

$23, 525, 325. 50
16,416,575.31
19,405, 25:J. 31
25,351,504. 10
27, 086, 256. 11
355,493,257. 19

$440, 289, -188. 75
425. 897,534. 74
409, 376, 872. 22
381, 345, 670. 01
377,550,657.50
377,550,657.50

1936
.Tanuary ••••.•••.•....•••..•...•
February .•.•.•••.•••.•.•.•.•..
March .•..•••••••••••••...•.•..
April. •...••••••.•••••.•.•...•.
May •...••••••••.••••••••••....
June ...•.........••.••..••.....
.Tuly .........••.....•.••.......
August ....•....••.........•...
September ...•.••.•.•.•...•.•.•
October .......•.•.•••.•.•.•...•
November .••.•.•••••.•••••••••
December ••.•...•••••.•••••••••
Total. ••••.•••••.•.......

I 9,890,656. 74
I 2,706,657.34
• 9, 082, 081. 29
• 6, 122, f>.'>4. 09
I 12, 727, 200. 25
I 6, 868, 389. 58
• 2, 300, 6.36. 95
7, 253, 651. 88
3, 186, 429. 27
3, 403, 467. 51
6, 614, 521. 06
1,822,744.37
70, 979, 096. 3-3

4,506,418.18
3,923,147.40
5, 243, 604. 65
4,241,577.57
3,237,178.53
3, 022, 009. 09
3, 767, 181. 83
2,824, 153. 74
3, 332, 214. 83
4, 245, 262. 74
692,828.56
4, 979, 683. 67
44,015,263. 79

27, 256, 202. 28
23, 050, 669. 25
55,411,455.27
13, f,36, 904. 00
12, 343, 972. 46
13, 021, 815. 58
16, 438, 956. 04
11, 962, 490. 27
13, 332, 449. 97
12,057,910.63
• 10, 699, 746. 10
• 12, 969, 464. 41
222, 182, 066. 26

354, 800, 873. 40
335, 673, 351. 55
285, 505, 500. 93
276. 110, 174. 50
267,003,380.57
257, 003, 544. 08
244, 331, 772. 87
235, 193, 436. 34
~25, 193, 201. 20
217,380,553.31
20i, 3i3, 635. 77
199,383,855.03
199, 383, 855. 03

1937
January ...•.....•.•.•••.•.•.•••
February ...•.•..•••••.•.••••••
March .• _.•..•••.........••••..
Total, first quarter .......

24, 869, 492. 40
3,194,698.48
895,700.00
28, 959, 890. 88

847,051.56
1,053,015. 15
1, 1186, 985. 36
3, 887, 052. 07

10,097,347.43
7,786,490.91
17,071,209.33
• 24,955,047.67

190, 133, 559. 16
18-3, 400, 083. 40
178,315,859.43
178,315,859.43

1,967, 143,130.92 '1,788,827,271.49

178,315,859.43

7,032,553.04

• s. u:l!, aoo. 39

Grand total. .••••••...... 2, 462, 453, 535. 38

BUii.DiNG AND LOAN ASSOCIATIONS {INCLUDING RECEIVERS)

[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
1932.•••••••.••••.• •••·••• ••••••
1933 ..••..•.•••••.•••• ········-·
1934 •••••..•••..•••• ···-·· ••••••
1935

$99,696, 044. 75
21, 815, 467. 54
21,814, 676. 06

$93, 863, 114. 67
19, 187. 440. 08
1,021,537. 79

$9,616,440.07
37, 196,637.09
48, 240. 985. 90

$84, 246, 674. 60
66,237,477. 59
19, 918, 029. 48

l======l======l=======I======

4,471,437.35
15, 446, 592. 13
January .•.••••••••••.••••.•• -..
500,000.00 ................. .
February......................
80,000.00 ....•.............
2, 044, 580. 75
13, 402, Oil. 38
March.........................
8,524.90
l, 370, 165. 85
12, 109, 120. 53
77,275.00
946,256.62
11,162,863.91
April..........................
20,000.00
895,561.51
May...........................
100,000.00
8,524.90
10, 275, 827. 30
907,140.69
9, 734, 170. 84
.June •••.•...•••••• ·-···········
750,000.00
365,484.23
513,415.39
10, 202, 086. 39
.July •.•. ·•••••••••••••···••••••
220,000.00
981,330.94
August........................ ..•••••• ••••••••..
25,787.85
1,047,611.32
9, 180, 262. 92
September •••••••••.•••••••.•••..•••.•.•.•••••.•...••••••••••.•....
271,713.60
8, 908, 549. 32
600,889.73
8, 307, 659. 59
October ...•••••••••••••••••••••......•.•••••.•••...• •··············
500,038.52
7,807,621.07
November ••••.•••••••••••••••..••..•....••••••....••••••..........
543,900.85
7,274,475.26
December...................... .. .. . • . . .• . .. ..••.
10, 755. 04
Total •••••••••• ·-·····-··
1,678,524.90 l--1:-,-,-46:--:9-,c-:15"'7_--c9c:6-i--,---,...,.,-=-,-,--,-::-I--.,,...,.,..,...-=....,..,.
14, 112, 712. 18
7, 274, 475. 26
1936
January.......................
165,000.00 ••••••••..•..•....
575,799.92
6, 698, 675. 34
February......................
150,000.00
64,929.52
735,893.57
6, 027, 711. 29
470,564.57
March ••••••..••.•••..••.•••.•.•••••....•.......••••••••.••......•.
5, 557, 146. 72
363,257.33
April..........................
620,000.00 .•••••••••. : ..••..
6, 193, 889. 39
292,124.30
May........................... ...••••......••.••
17,000.00
4, 918, 765. 09
931,066.80
3, 987, 698. 29
June .••.•..••••••••.••.•.•.•••.....•••.. •········ ··••••••••• ••• ·• ••
189,020.27
..Tuly ••.••.•••.•..••..••••••••••..•••••••••••••••..••••••.•••.•••.•.
3, 798, 678. 02
167,552.54
3, 631, 125. 48
August. .••••..••.•••..•••••••• ·······-·········· ••••••••••••••.••.
286,587.06
September.....................
37,000.00 ..••••••••.....•..
3, 344, 538. 42
449,257.46
October .••••...•...•.••••••..••.•••••••••••••.•..•••••••.••......•.
2, 895, 280. 96
233,743.65
2,697,537.31
36, 000. 00.
I 235, 349. 72
2,462,187.59
4, 930. 217. 19
2,462. 187. 59
Total.·--·-··············
972,000.00
117,929.52

Jg=:i::····················· ·················· ........
.Bee footnotes at end of table.

Digitized by

Google

REPORT OF RECONSTRUCTION FINANCE CORPORATION

47

6.-Amount of authorizations, disbursements, repayments, and amounts outstanding from Feb. 2, 1932, to Mar. 31, 1937, inclusive, by classes and months 1Continued

TABLE

BUILDING AND LOAN ASSOCIATIONS (INCLUDING RECEIVERS)-Continued
Amount authorized '

Year and month

Amount dis•
bursed

Amount repaid

1937
Janunry ______________________ -- ----- --· -·------ -- - --- • -------·--· -February
••
_··--------·--··---·
---·----- --- _________________
--·----·----------_
March .• _. ____ • __ • __ ·-·--·-·-·· ------ $321,017.93

Total, first quarter_····-Grand totaL---·--·---·-

Amount outstanding at end
ol period

$104, 132. 54
161,505.88
100, 185. 28

$2, 358, 055. 05
2, 196, 549. 17

'365,823.70

2, 096, 363. 89

5

321,017.93 __________________

2, 096, 3f>3. 89

l======l======J,======I
146,297,731.18

$116,559,180.02

' 114,462,816.13

2, 096, 363. 89

INSURANCE COMPANIES
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended)
1932_._. -- ____ •••••• _•••• _•• ·- -·
1933. -·· ------ -- --····-··· _ -···
193i. ····-- - • - - - - • ·- - • ·-·- •••• ·-

$5, 588, 738. 52

$68, 037, 618. 92
19, 644, 414. 60
1, 835, 829. 93

$83, Oil!, 931. 66
17,479,935.85
2, 254. 690. 77

I I

21, 163, 735. 01
38, 019, 933. 04

l======l======J,======I======

1935
January

792,205.65

·······- ....... ··-· - . -·-··--··----·-· -· -· -·---·-- ---- ---·

February·-··---·------·-··-·--

2,300.00

Mareh_ ···--·--·-------·- .... -- ········-- ----··-- -- ---·-·- ----· --··

Total __________ ·····---·1936

-·-··-·- -·-- - ·-··------ -·---··--•·---·---·-- ----··--···-·------------ ··--·-··-····---·
•···---·-·-·--···--·--------------67,300.00

567, 264. 63
801, 232. 98
1,316,319. 75
639, 112. 01
1, 183, 933. 67
493,814.38
387,190.57
7, 169,858. 70
623, 145. 21
3, 158, 760. 75

23,953,251.23
22, 526, 218. 93
21, 958, 954. 30
21, 157, 721. 32
19,841,401.57
19, 202, 289. 56
18, 018, 355. 89
17,524, Ml, 51
17, 137,350. 94
9, 967, 492. 24
9,344,347.03
6, 185, 586. 28

18,561,501.91

6,185,586.28

1, 428, 663. 61

1,631.31

~····--··-···-·····----·-·- -·-····- 65,000. 00- -·---·-···----···-

JODA •....... --······-· .... ···Joly .... ·····-·-·-··--·- .. ·-·-Augost ..... ---- -- --·--····-- - -September.-·-···--·--·---·---October•• _•• ---····-·-· .•.•.. -·
November_···-·····--··-.----December.. ___ . ____ ----·-. - -·--

- --·--·-·· -- - --·-·
-------- -- -- ----·... --- ----------·------------------ --- --·--·----·-· •
-------··-··-------- --------- -----1,631.31

l=====l=====l,=====I=====-=
125, 180. rn
208,248.10
105,149.96
MO, 205. 39
26,790.54
73,795.80
134,458.84
109,835.01
440,534.92
161,944.44
126,539.00
126, 182. 90

6, 060, 406. 21
5, 852, 158. 11
5, 747, 008. 15
5, 206, 802. 76
5, 180, 012. 22
5, 106, 216. 42
4, 971, 757. 58
4, 861, 922. 57
4,421,387.65
4, 259, 443. 21
4, 132, 904. 21
4, 006, 721. 31

2, 178, 864. 97

4, 006, 721. 31

160, 141. 22
77, 711. 91
' 62, 286. 64

3, 977, 501. 75
3, 924, 789. 84
3, 862, 503. 20

January -- -··-·-···-···-······- ··-----··· ·-····· ··-·-·······-····-

r;~•.::::::::::::::::::::: :::::::::::::::::: :::::::::::::: ::::

ApriL••• ·--··-·· -·-·-·-· •• --·May_·--······--- ____ -·-···-·-·
June.········-·---···-··--···-·
Joly ·-··--· •••• -··· •••••• -·· ··-

$62,448,880.40
60, 929, 559. 99
24, 745, 456. 88

I

--·· --···- -·-··· -- -- -·-·---- --·· -···
-· ·-···-·--·-·---- ---·-·- ___ --·- __ ..
-·-···--··- -·· ______________ -·- --·-.
-···-·-···-·-· ··-· -- -- -- -·-----· ·-·-

August_ •••••••••• --·--····-···· -·---···-- -·-· ·-·- -··· -- -- - --· -- -··.

September.·····--··--·-···-··- ---·-·-·-·-······· -·------ --- · -----·
October._.···- ___ -·--··-.-··· __ -- --·-······-·-·-- -- -- - - -- • --·--- •·!< 0 ¥ember ••• - --··· -····· -····· --·--··- -·-· ··-·-- --- -- -- -- --····· ·December•• -···--···--···-····156,000.00 --·- -------·------

Total_ ... -·-·············

I

156,000.00 ·•·· --------------

1937
January······-·-·-············· -·--···---·-······

ii!'r~· ... -········-········ ·•·····-··-·-····· --····-·130,921.66
25, ooo. oo _

Total, ftrst quarter••••••• ----·····-··--··-155,921.66
• 300, 139. 77
3,862,503.20
l======i======/"'======I======
Grand

total.·········-···

103, 006, 8li8. 28

89, 675, 416. 42

• 85, 812, 913. 22

3, 862, 503. 20

MOBTGAGB LoAN COUPANIES

[Under sec. 15 or the Reconstruction Finance Corporation Act, as amended]

1932••••••••••••••••••••••••••••
19:l3..... ••••••••••••••••••••••.
11134.. ••••••••••••••••••••• •-····

See footnotes at end or table

1

$93. 741,902.61
234, 364, 020. 43
84,110,951, 76

I

$88,448.020. 39
126, 041, 674. rn
73,438,306.41

I

$11. 322. 555. 50
25, 294, 164. 10
91,520,001.30

$77, 125, 464. 89
177,872,974.86
159,791,279.97

======r-======-

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48

REPORT OF RECONSTRUC'.rION FINANCE CORPORATION

6.-Amount of authorizations, disbursements, repayments, and amounts outstanding from Feb. 2, 1932, to Mar. 31, 193?, inclusive, by classes and months 1Continued

TABLE

MORTGAGE LOAN COMPANIES-Continued

Year and month

1935
January .•...........•••••..•..•
February ••••..................
March ..............•..........
April.. ...••...•................
May .•............•............
June ...•.......................
July ....•.......•.........•....
August .........................
September •.•.•....•..•..•..•••
October ........................
November ......•..............
December..••••................

Amount author•
ized •

$2, 678, 400. 00

Amount dis•
bursed

Amount out•
stanrling at end
of period

Amount repaid

1,527.600. 00
1,908,475. 22
528,264.13
8, 073, 750. 93
3, 840. 000. 00
3, 956, 593. 65
1,436.84
4, 369, 498. 68
693,457.43
390,494.92

$2, 753, 196. 14
4, 944, 592. 01
1, 666, 232. 81
I, 119,327.56
921, 57.5. 39
1,521,471.30
1, 000, 598. 93
1,600,621.40
2,236, 173.17
1, 093, 795. 59
1, 839, 879. 77
2, 370, 145. 14

$6,651,892.68
5,831,829.51
5, 140, 190. 22
3, 752, 739. 11
3,527,507.69
2, 392, 6/\3. 40
6, 604, 1161. 70
5, 332, 120. 09
6, 202, 179. 25
1,737,331.29
2,319, 741. 13
5, 494, 372. 69

$155,892,583.43
155, 005, 345. 93
151,531,388.52
148, 897, 976. 97
146, 292, 044. 67
145, 423, 862. 57
139, 819, 499. 80
136, 088, 001. 11
132, 121,995.03
131,478,459.33
130, 998, 597. 97
127,874,370.42

Total. •••.•.•••..••.•.•..

30, 776, 768. 77

23, 070, 609. 21

54,987,518. 76

127, 874, 370. 42

1936
January ..••.........•••••.••.•.
February ..•......•...••.......
March ......•........•••••....•
April.. •••.....•......•.•.......
May •..••.•..•....•....•.......
June .•.••......•..••..•........
July .., ____ ---- ---------------Au~ust •...••••..........•......
September .....................
October ••......................
November .•••••.•••..••••.•...
December ••.•.•.....•••.•..•...

206,665.08
1,941,320.64
1,031,818. 79
4, 230, 344. 98
17. 909. 070. 57
1, 558, 000. 00
149,530.25
13, 188, 688. 99
373,148.94
7,170.031. 82
5, 153, 009. 27
1, 150, 652. 96

1,283,674.16
910,134.25
1, 649, 694. 49
2,419,874.64
4, 815, 285. 36
1, 064, 598. 97
4, 606, 509. 19
6,811,639. 68
1,840,819.44
2, 634, 500. 29
2,510,380. 20
I 9, 273, 909. 60

2, 506, 469. 61
2, 215, 662. 66
2,449,177.69
1, 842, 821. 17
3, 405, 112. 43
4, 754,101.33
2, 751, 754. 28
2, 102, 043. 52
2, 459, 978. 84
3, 344, 057. 43
' 3, 498, 388. 03
• 5, 696, 713. 35

126,651,574.97
125, 346, 046. 56
124, 546, 563. 36
125,123.616. 83
126, 533, 789. 76
122, 844, 287. 40
124, 699, 132. 31
129, 408, 728. 47
128, 789, 569. 07
128, 079, 210. 93
127,091, 203. 10
130, 668, 3119. 35

Total ..•••••...••.•••.••.

54, 062, 282. 29

39,821,209.27

37,027,180.34

130, 668, 3119. 35

295,000.00
1, 600, 735. 38
1,907, I ii. 91

3, 166, 608. 88
3,538,647.09
3, 141,166.30

4, 032, 276. 68
3, 809, 533. 49
6, 342, 956. 35

129, 802, 731. 55
129,531,845.15
126,330,055.10

14, 184, 766, 52

126,330,055. 10

l&i: 52

126, 330,055. 10

2, 808, 796. 97

1937

1anusry........................
FebruarY ·-················· ..•

March .........................

Total, first quarter .•..•..

3,802,913. 29

9, 846, 422. 27

Grand total. ••.•••••••...

500, 858, 839. 15

360, 666, 241. 62

I
I
I

234, 336,

CREDIT UNIONS
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
1932..•••.•••••••••••.••••••••.•
1933...•••...•.•••.•.•••••..•...
1934.•...•..••..••••••.••...••..

$472, 446. 00
148,555.00
1,966.80

$440,098.00
138,789.41
1,966.80

1935
January ...•.•....••...••••••........•...•••.••.....•.....•...•...•.
February .•••••......•....•....•...••.••...••.......•..............
March ••.•••.....•..••.•...•.....••..•...............••.........•..
April...........................
20, 000. 00 ......•...........
May........................... .••......•••......
19,241. 58
June ••.•.•....••.•..•.•••........••.•...•••.•.•....••••..••..•.••..
1uly.....•.......•.•...••........•...•••••••..•.........••.•..•.•..•
August ..................•.......•...••.••••.........••......•..•...
September .••••••.......•.•.••..••..•••.•••..••........•.....••...•
October ...................•........•••••..•..•.....•..•.....••.••..
November ..•.•.......•..•..•...•.....••••............•.......•....
December ...•.••......•••••.•........•••••...•.....•.......•••••••.
Total ••• ····-·· •••••••••.

20,000.00

19,241.58

$8,838. oo
57,551.20
129,007.29

I
I

18,474.32
6,334.52
24,055.34
2,089.96
13,420.00
4,320,00
4,500.00
615.00
565. 00
850. 00
655.00
750. 00

366,983.40
360,648.88
336,593.54
334,503.58
3W,325.16
336,005.16
331, 505. 16
330,890.16
330,325.16
329,475.16
328,820.16
328,070.16

76,629.14

328,070.16

See f®tnotes at end of tahle.

Digitized by

$431, 260. 00
512,498. 21
385,457.72

Google

REPORT OF RECONSTRUCTION FINANCE CORPORATION

49

6.-Amount of authorizations, disbursements, repayments, and amounts out-.
standing from Feb. 2, 1932, to Mar. 31, 1937, inclusive, by classes and months'Continued

TABLE

CREDIT UNIONS-Continued

Year and month

Amount authorized •

Amount disbursed

Amount repaid

Amount outstanding at end
or period

1936

January .• ___ .·-···--·------··-February._.·-----·····-····-··
March .. ···-··--····-··-·-··--·
ApriL. ... ·-···············--···
May······-······-·-·-·-------·
June·-···-··--·······---·-----·
July ......•. ·--- .......... ----·
August ..•.• ··--···· .... ···-··-·
September.-·--·······•···-·-··
Octobar ... _......• _.... ···---··
NoYember __ ..•.•. ·······-·---·
December .•• ·-···········-·--·Total._ .• ···--···--·-----

-·---- •. ·--·--···· ...••..••.........
····-··-····-·-·-· ···-·······••··•··
·--······-········ .. ······--·······.
.•....•... · ....•.. ·······-··········
····-···········-· ......•...•.......
·-····-········••· ········-·········
.• --· .•• ·-·. ·-· .•..... ··-· ••..••.•..
.... ·- ·- ··-· ...•.... ·-·· ·-·· ....... .
-----·-··-···-···· ·-···-········•···
···---··-·-····-·· ·-··········•··· ..
···-·-·-······-··· ···········-······
·-··········· .••....................
................................... .

$13, 570. 00
525.00
2,540.00
1,750.00
225. 00
8,810.00
150.00
1,256. 77
3,735.00
1,650.00
3,325.00
3 880. 00
38,416.77

$314, 500. 16
313,975.16
:l11, 435. 16
309,685.16
:nu, 460.16
300,650.16
:lOO, 500. 16
299,243.39
295,508.39
293,858.39
290,533, 39
289,653.39
2d9. 653. 39

1937
Janoary .. •···-·····--·-·------Fehroary .. ·-··-·--------···--·
March.·-········---········-··
Total, first quarter_ ......

·----···-·---··-·· ................. .
·-···-·---····•-•· ................. .
··-········· ....................... .
................................... .

5,625.00
30,800.00
26,976.81
'63,401.81

284,028.39
253,228.39
226,251.58
226,251.58

' 373, 844. 21

226,251.58

Grand total. ___ ..... _._ ..

$642, 967. 80

1

$600, 095. 79

FEDERAL LAND BANKS
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
1932.•.• ·- ·- ··-- --- -·--- .••. ·--·
1933 ..•. ·-·- ····-·--·-·-··-----·
1934.• ·-· ••• -· ••. ···-· ·- ·----·-·
1935

$29, 000, 000. 00
145,518,000.00
• 225. 118, 000. 00

$18,500,000.00 ·····-·-··········
123,618,000.00 ................. .
• 245, 118, 000. 00 • $308, 780, 601. 29

$18, 500, 000. 00
142, 118, 000. 00
78, 455, 39R. 71

1,491,325.35
76,964,073.36
January.-•...•• ···-·······-··-· ··-···········--·· .........•..•.....
2,490,737.91
74,473,335.45
February .. ··-····-············ ·····-········-··· •-•··· •·•·····-· •·
2,
210,
356.
78
72, 262, 978. 67
March •••...•• ·-·······-··········-·-············ •·············-···
1, 788,778.22
,0, 474,200. 45
April .••.•..••..... ·-··-·-··· -· ···--············· ........•.....•...
May .........•.•.......•.... - ......••••.•••••...........•.•...•••..
4, 075, 855. 88
66, 398, 344. 67
6, 525, 135. 46
59, 873, 209. 11
June ...•... ··-·-············-·· ·········-·-···--· ··-···••·•········
1, 596, 302. 70
58, 276, 906. 41
July .........•..••.•..•.. ·-····· ·······-·········· ········•····••···
393,564.94
57,883,341.47
AugusL ........ ···-- ·-· .•......•...••.....•••..........•....•••..•.
1,607,747.80
56,275,593.67
Beptember .•• -·-·----·······•-· ·············-···· .•..............•.
4, 230, 052. 96
52, 045, 540. 72
October ...•...• -----··-··-····· .•....•..••..•.....•.........•.•.•..
1,937,990.22
.50,
107,550. 50
November •.. ·-··-···-··············-············ .....•...•..•.....
44,830,916.91
December.. -----·-·----·--··-·· ...................•...•............ 1 -5,276,633.59
- - - - -, - - - - - 33, 624, 481. 80
44, 830, 916. 91
Total.-----··-·-···-···-· .................. ·····•············
1936

January····-··-··-··-··-···--··
}'ebruacy .• __ ······----··-··-··
''~rcl.i .. ____ • ___ . _____ ·---·--··
A priL. •.. ·- ....••.• -··. _.. .• . . .
May ..... ·-·-·.··-·············
June.··········--··············
July···•····-·-·----······-····.

····---··- ·····-··-········ ·····-··
··---·············
.. • . . ..• .• . • . . . . • .
···-····-· ...• ....
·······-··········
.. .•.. .. .•••....•.

....•.. ···---·-··
····---·----······
........••.••..•••
. •. ... . . . . . . •• •• ••
...•..•...••••••..
...•...•....•.....
....••.. •••.•.•...

Au~u.st. .•••.• -·-··············· ....•...•.•.•..... ···•-········· ..••

September·---···-·---·········
October ...•••.•.. ·-···-···--···
",;ovember. _... ···-····· ·-·-···
Dect,mber .. ·-·--··--··-··-·····
Total. ----··--·-·----·-·-

.................. ·········•-·······
···--···--··-····· ...•.. ···--···-···
..••.•••.•••••.•... ·········-· ··-···•······-········· ················-·
········-····•···· ...............•..

9,150,893.58
35,680,023.33
545,763.60
35, 134,259. 73
483,258.26
:!4, 651,001.47
372, 380. 05
34, 278, 621. 42
421,000.47
33,857,620.95
408,872.09
:!3, 448,748.86
557,786.83
:32, 890,962.03
759,356.0i
32,131,605.96
1,376,050.91
30,755.555. 05
2,905, 139. 34
27,850,415. 71
314,202.05
27,536,213.66
- -32,867,814.96
- - - - · 1 - -24,668,398.70
----20,162,518.21
24,668,398.70

1937

January····-······-··--···--··· ·····-············
February._·······--··-···----· ··········--···-··
l.Ia.rch. ·-·-····-·-·-·-·---··-·- ................•.
Total, first quarter. ____ •...................
Grand total·----··-·---··

• 399,636,000.00

·-·-······-·······
2,030,964.39
22,637,434.31
··-··-···-····-···
557,934.80
22,079,499.61
1
···············-··
7,562. OiO. 42
14. 517,429. GU
······•··········· -,-1...,0-,l-50-,-9-69-.-6-l·l---14-.-5-17-.-429-.09• 387,236,000.00 •

1

372,718,570.91

14, 517,429.09

See footnote; st end of table.

153608-37--4

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50

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amonnt of authorizations, disbursements, repayments, and amounts outstanding from Peb. 2, 19J2, to !vfar. 31, 1937, inclusive, by classes and months 1Continued

TABLE

JOINT-STOCK LAND BANKS

[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended)
Amount author•
ized 2

Year and month

1932. ... ... ..••• .•••......•.....
$6,297,000.00
1933...... .......•••....•.......
14,806,172.68
1934 •............•.•.••.....•... ····•····•·•·····•

Amount dis•
bursed

Amount out•
standing at end
of period

Amount repaid

$2, 527, 845. 62
12, ·120, 274. 14
711,252.53

$fi2, .544. 32
744,537.17
8, 365, 785. 56

1=====1•=====1======1=

1935

January........................
62, 400. 00 .........•.••.....
February ......•........•........•....................•.•..........
March ..............•.•.•.•.........•.•.•..•........•.•••....••....
April.. ......••.........................•••.........................
May ....................................................•.....•....
June .......•.......••..•....... ·················· ·······•····••····
July ................•.•.•...•.........................•.. · ......••.
AUl(USt. .....••....•.•.•.•.......••.....................•...........
September .•........•...•........•............•.....•.•.••......•..
October ......•.......•...........•....... _........•..••.........••.
November.....................
20, 779. 63 .•••..............
December......................
12'J, 220. 37
150,000.00
Total .•••••..•••••.•••••.

202,400.00

$2, 465, 301. 30
14, 141, 038. 27
6, 486, 505. 24

1,107,856.17
414,350.00
935,035.54
328,214.57
554,566.54
107,818.81
232,657.62
423,310.00
8,828.27
67,761.54
98,826.64
118,460.29

4, 029, 263. 53
3,701,048. 96
3, 146, 482. 42
3, 038, 663. 61
2, 806, 005. 99
2, 382, 695. 90
2, 373, 867. 63
2, 306, 106. 09
2, '1JJ7, 279. 45
2,238,819. 16

4, 397, 686. 08

2, 238, 819. 16

138,787.80
108,503.12
88,101.03
288,626.15
32,602.96
159,349.54
233,877. 79
67,720.55
29,666.45
R5, 231. 65
137,004.40
I 35,673.53

2, 100,031.36
1, 991, 528. 24

1,903,427.21
1,614,801.06
1, 582, 1118. 10
1, 422, 848. 56
1, 488, 970. 77
1, 421, 250. 22
1, 391, 583. 77
1, 306, 352. 12
1,169,347. 72
1,722,174. 19

1,405,144.97

1, 722, 174. HI

61,508.81
25,718.33
15,288.99

1, 660, 665. 38
1, 634, 947. 06
1, 962, 745. 91

' 102, 516. 13

1,962,745.91

' 15,078,214.23

1,002,745.91

150,000.00

5, 378, 649. 07
4, 964, 299. 07

1936

January•••••......••..•........••••...••....•.••...••••••••..•.••••
February .........•................••.•..•..............•..•...•...
March .•..••.................•......••................•.•••....•••.
April.. •.....•.......•.......•.....•••••.••........•......•......••.

~~t- ::: :::::::::::::::::::::: :::::::::::::::: :: ::::::::::::::::::

July...........................
300,000.00
300,000.00
August. ....•.....•..•.............•..•.............•••.•...•....•..
September .......•.............••....................•.•...........
October........................
1,100,000.00 ................. .
November.....................
600,000.00 ................. .
December......................
450,000.00
588,500.00
Total ••...•••••.•••••..••

2, 450, 000. 00

888,500.00

1937

January .....••••••••..••••••.•..••••••............•••••••••••••••••
February......................
90, 000. 00 .•.••••...........
March.........................
376,000.00
343,087.85
Total, first quarter.......
Grand total..............

466, 000. 00

1

343, 087. 85

1=====1=====1======1=
24,221,572.68

17,040,960. H

FEDERAL INTERMEDIATE CREDIT BANKS

[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended)
1933 ••••••••••.•••••••••••••••..

$9, 250, ooo. oo 1--$9_,2_so_,_ooo_.oo_,___s_9_,250_,_ooo_._00_1····-··· ••...•• ·-·

Grand total. ••••••..•••..
1

9,250,000.00

9,250,000.00

9,250,000.00 ················-

AGRICULTURAL CREDIT CORPORATIONS

[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
1932.•.•.•.••••••••••••••••••••.
1933............................
1934............................

$3. 619. 850. 98
1,959,634. 31
433,894.35

I

$3. 456. 627. 33

1, 729, Oil. 24
350,491. 70

I

$1. 082. 310. 40
2,412,027.46
1,178,419.58

I

$2, 374, 316. 93
1,691,300. 71
8fl3, 372.83

1= = = = = = = = = = = = = = = = = = ======-

See footnotes at end or table.

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51

REPORT OF RECONSTRUCTION FINANCE CORPORATIO~

6.-Amount of authorizations, disbursements, repayments, and amounts outstanding from Feb. 2, 1932, to Mar. 31, 1937, inclusive, by classes and months 1Continued

TABLE

AGRICULTURAL CREDIT CoRrORATIONS-Continued
Amount authorized'

Year and month

Amount disbursed

Amount repaid

1935

February ___ . ___________________________ . ________ -· -----------··-··
J\brrh. -···········-······-·--·
$26,760.67 __ -····-·- --·-- ...
:lfay .-·•-··-·-················· --··-··-···-··----

June._ .••••. --··_-······-···- .. -······---···-·-·July .. __ -·•-···-·--····-······· ····-··---·-·--··Sept.,mber_···-······--····-··- --·--·-··-·--·····
October .................•..••...•..•...•.•.......
November··-···--····-·-·-·--· ·····---·---··-·-·
December·-····-·-·-··-····-··· ··-··-············

Total._ ..•.••••......••..

26,760.67

Amount outstanding at end
of period

$133. 50
2,500.00
···--··-···-----··
14,000.00
I, 500. 00
8,475.00
88,126.25
9,719.26
5,742.57

$26,760.67

--·······- -··-·-··
--···-·· --·······-·········--······
·········-········
···-·····-····--··
..................
26,760.67

$863, 239. 33
860,739.33
887,500.00
873,500.00
872,000.00
863,525.00
775,398. 75
765,679.411
759,936.92

130,196.58

759,936.92

1======1,======

1936

,pril .•.....••.•••.•• - ••••.••••• ·········-········
May •....•••••••.••••••..•....• ···-··············
July .... -·· •.•••••••••••. ·-···- ·····-··.. ... . .••.
August ..•• ··········-·-·· ...•...•• ··········-···September•..•••• ·--···--······ ....•...••.•......
October.•. ·--··-··-·-·--····-·· ···········-·····November.-··················· .•.•..•.•••....•..
December .••••• ·--···-········50,000.00

Total.-·······-·····-····

701,300.02
681,300.02
581,300.02
579,300.02
479,300.02
379,289.05
147,789.05
147,789.05

··•·•··•···•···••·
...... ···········. . .. . .. ... . . . .. .. .
·•········-·-·····
············•·····-·····-·-·····-··
···············--·

58,636.90
20,000. 00
100, 000. 00
2,000.00
100,000.00
100,010.97
231,500.00
·----·-·-··------· ·-··-·····---····-

50,000.00 ·······-···-···-··

612,147.87

147,789.05

ZT. 30
3, 500. 00
99, 989. 03

147, 761. 75
144, 261. 75
44, Z12. 72

• 100,516.33

44, Z72. 72

11137

January_··----··-·····- .••••••..••.. _. -• - -.• -· -·· .••.•..••. -·······
February._···-··········--···· ········-·-- ·-···- ·············-····
March·--·····-·············-··
30, 7ZT. 28 -··-······-····-··

Total, first quarter._.....
Grand total.--··---··-·_.

I

30, 7Z1. 28 ···---····-······-

l======t======~======I======
6, 120, 867. 69
5, 562, 890. 94
6 5, 518, 618. 22
44, Z72. 72

REGION.lL AGRICULTURAL CREDIT CORPORATIONS (REDISCOUNTS)
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
19n_ •• _·-. _••• _. _. _. _·-·-·- __ ..
19!.1 .• _--- ..• - _. - •• ·--. -· •• - • - • -

1934__ • --- _-- _-- -------- -· ---- _.

Grand total·-·-·c·---···-

m. 34

$5, 372, 062. 60
149, 782, 151. 12
18, 089, 4ZT, 00

$665. 03
125,268,410.43
47,974,575.26

178, 840, 452. 48

173, 243, 640. 72

173, 243, 640. 72

$7, 285, 972. 50
163, 386, 252. 64
18, 168,

$5, 371, 407. 57
29,885, 148. 26

LIVESTOCK CREDIT CORPORATIONS
[Under sec. 5 or the Reconstruction Finance Corporation Act, as amended]
1932. ·--· ••• -- -- ---·--·-···· ••••
1933 .••
·-. --------1g34.
_. -·-.
_______
• ______
••••-···
- ·- ···-- ·-

$13, 146, 602. 85
1, 118, 800. 00
210,559.15

$11, 810, 403. 61
758,329.44
248,999. 76

11135
January••. -----····--·--····- .. ·--···---· ·- -·-· .. ·····-·-· •..••• - .•
Febn:iary __ --------·· ---··-·· ••. - -····-··-- ..•....• ···-··· - •••.... March ___ ·-·-·-·-·-·-····-···-· ·- -····· ... --. -·- ..•••... -..•• -· .••.
April-·-·--·--···-·--······--···
120,000.00 ···-·- ·······- ···llay _·- -··-·------·-······-··-- ·-········ -·······
120,000.00
June .• -·.--·-··· •••••. • .•. •··-· ·- •· • • -· ••·•···•·· · ····· ···· •· ·• ··••
July._ .•••.. __ .•.••.•...••••••••• --·- -······· -···· .•.•.•.••..••• -..•
• lll(llSt. __ • - ·- -··-···· • - • --·-··· ··-····· •••••• ••• • •• ···-······ ··-·· -

September.·-·--·-····-·-······ •·--·············- -········-········
October .. ··---·····-····-··-···
163,865.88 ···-··-··-·- .... -·
X,"·ember. _--················· ···-·-······-····75,000.00
lJK"ember.----··-···-····-·--·· ···--····----·-···
88,865.88

Total •• --------··----·-·.

283,865.88

283,865.88

$4, 062, 258. 82

$7, 748, 144. 79

6, 081, 544. 24
1, 340, 809. 37

2, 424, 929. 99
1, 333, 120. 38

21,406.46
42,035.24
13,743.21
1,121.50
30,817.50
38,152.35
176, 791. 77
64,712.48
41,500.07
123,056.46
43,982.01
34,989.63

1, 311, 713. 92
1, 269, 678. 68

632,308.68

984,677.58

1,255,936.47
1, 254, 813. 97
1,343,996.47
1,305,844.12
1, 129, 052. 35
1,064,339. 87

1, 022, 839. 80
899,783.34
930,801.33
984,677.58

I======l======F======I======

See footnotes at end or table.

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52

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorizations, disbursements, repayments, and amounts out,.
standing from Feb. 2, 1932, to Mar. 31, 1937, inclusive, by classe, and months 1Continued

TABLE

LIVESTOCK CREDIT CORPORATIONS-Continued
Amount author·
ized •

Yee.rand month

Amount dis•
bursed

Amount reJ)8id

Amount out•
standing at end
of period

1936

January ...... .. ...•................................................
February ................................•..•......................
Me.rch ... . ......................................................•..
April.. . ... ........................................................ .
May ..... .. . .................................•.....................
June ........................... •············· · ··· ··················
July .................•....•............... ........ · •···············•
August . ........................................................... .
September .............. . .......•.............•....................
October ............................... .. ............... ..........•.
November ..............•........................... . ..............
December...............•..........................................
Total. •............••.•.... ........ .. . .......................

$11,093.00
3,402.05
11,506. 06
3,736.60
8,424. 53
27, 724. 12
69,134.54
9,851.34
16,277. ~
91, 732. 38
125,592. 75
• 216, 874. 94
595,349.51

$973,584. liS
970,182.53
958,676.47
954,039.87
946,615.34
918,791.22
849,656.68
839,815. 3-1
823,528.14
731, 795.76
606, :alil. 0l
389,328. 07
389,328. (JI

1037

January........................ .. ............. ... .. .....•..........
February...................... . ..•.. .. . . . . . . .. . . . .. . ... . .. .. .. .. . .

41,753.88
347,574.19
12, 489. 38
335,084.81
March. • • . . . . . • . • . . . . . . . . •. . • . . . . . . . . . . . • • • . • • • • . . • . . . . . . . . . . . . . . . .
• 10. 250. 00
324, 834. 81
Total, first quarter •...•.................... -. .-...-...-.-..-.-...-...·l---,-,-64-,-4..,.93___26-J·---3-24~,-83-4-.8,. . 1

Grand total..............

$14, 758, 827. 88

$13,101,598.69

RAILROADS (INCLUDING RECEIVERS AND

' 12, 776, 763'. 88

324, 83i. 81

TRUSTEES)

[Under sec. 5 or the R~nstruction Finance Corporation Act, a.• amended)
ltt:l2 ••••••••...................•
1933 • ••••••....•...•.•.•.•.•.•..
1934 •••••••.........•.........•.
1935

$337,435,093. 00
74, 410, 585. 00
46, 010, 402.00

January........................ ..................
February...................... . ......... .. .... ..
March......................... ........ .. . .. .. ...

$284, 311, 271. 48
100, 782, 987. 01
53, 189,013. 62

$11,839, M12. 71
45, 088, 570. 37
13, 461, 271. 32

2,660,000.00
251, <XIO. 00
600,000.00
7, 267, 300. 00
27,031,120.00
I, 738,480.00
266, 700. 00
17,600.00
7, 100. 00

89,381.13
13, 730.67
103,000.00
April...........................
33, 978, 000. 00
853,761.83
May...........................
2,300,000. 00
228,930.32
June...........................
240,748. 00
808,500.54
July........... . . . . • .• . . . . . . . . . . . . . . . . . . .• . . . . . . . .
1,272,813.41
August. ... . .................... ................ ..
6,133.41
September. . . . . . . . . . . . . . . . . . . . . . . . . . . . • . . . . . . . . . .
454,133.41
October ................................... ... ...................•..
98, 023.81
November ........................•................................
a9, 550. 04
December...................... . . . . . . . . . . . . . . . . . .
94, 252. oo
16, 609, 600. 24
Total.... . ...............
36,519, 648.00 --,3:-::9-,
, 9:-::33-=-,...,55-=-2=-.-=-oo-:--l·--=-:::=-:--:-:--:-·I·
20, 577, 558. 81
1936
January... . .. .... ..............
5,000,000. 00
50. 000. 00
2, 587. 892. 52
Februllol'y........................•................
I, 550, 000. 00
5, 003, 329. 75
Maroh. .. .... .. . . . . .. . . . . . . . . .. .
99, 422, 400. 00 .. ............... .
959, 142.31
April...........................
16, 148, 6117. 00
5, 921!, 000. 00
1; 000, 826. 28
May...........................
4, 180, r,99_ 09
100,000.00
3,040. 748. 00
June...........................
7, (XI(). 00
94,000. (Xl
4, 689, 664. 97
July............................
150. 000. 00
8,252,667.00
45, 843, 881. 03
August .........................
8, 176, (XI(), 00
150,000.00
722. 288. 47
September..... ................ ........ ..... ... . .
800,000. 00
1,807,974.08
October........................
140, 000. 00
8, 183, 000. 00
3, 656, 849. 98
N overn ber... .. .. . . . ..•.. ..•... . . .•... ... . . .. . . . .
940, 000. 00
9, 569. 278. 98
'99. 620. 00
Decen~~;~i.·.~~~:::::::::::::::: 1-·-··-;-;~----;~-~-.-06_.·-;-~~-·-·,1--29-,-::-:~-1-5:-:-1
80, 181, 447. 46
1937
January........................
5,000,000. 00 ....••.••.........
478,106.00
February ................•...................................•.....
126,500.00
March ......................•......................................
' 5, 006, 000. 00
Total, first quart~r.... .•.
5,000, 000. 00 ................. .
I 5, 610, 606. 00

Grand total..............

628, 519, 795. 00

517, 126,239. 11

I

176,759,016.671

See footnotes at end of table.

Digitized by

Goog Ie

$272, 471, 708. 77
337, 166,125.41
376, 893, 867. 71
379, 461, 486. 58
379, 701,755.91
380, 198,755.91
386, 612,294.08
413,414,483. 76
414, 344, 463. 22
413, 338, 349. 81
413. 349,816.40
412, 002, 782. 99
412, 804, 759. 18
412, 765. 209. H
396, 249. 860. 90
396. 249, 860. 90
393, 711, 968. 38
300, 19R, 6:l8. 63
389. 239, 400. 32
394, 167,670. OI
393, 027, 718. %

388, 432, 0.5-1. 98
350, 840, 839. 95
350, 2fl8, .'\51. 48
340, 260, 577. 40
353, 786, 727. 42
345, 157, 448. 44
345. 977. 828. 44
345,977,828.44
345, 499, 722. 44
345, 3'73, 222. 44
340,367,222.44
340, 367,222.44
340, 367, 222. H

REPORT OF RECONSTRUCTION FINANCE CORPORATION

53

6.-Amount of authorizations, disbursements, repayments, and amounts outstanding from Feb. 2, 1932, to Mar. 31, 1937, inclusive, by classes and months 1Continued

TABLE

PBOCBSSOBS, OB DISTRIBUTORS SUBIECT TO PROCESSING TAXES

[Under sec. 5 or the Reconstruction Finance Corporation Act, as amended]
Amount author•
ized •

Year and month

Amount dis•
bursed

Amount repaid

Amount out•
standing at end
or period

$13,250.38

$7,333.69
1,467.68

December•.........•.................................•.............

900. 00
300. 00
267. 68

567. 68
267. 68

Total. •..........•.•..............................•...........

1, 467. 68

1933 ••.. _.•.••.. -· ..••.••••••••.
l!J;l4 •••••••••••••••••••••••••••.

$21,733.69
4,355.58

$7,333.69
7,384, 37

1935
J BllUBfT ••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••
NovemOOr _______________________________________ ------------------

Grand tot..!. ............ .

26,089.27

14,718.06

--1-------

14,718.06

STATE FUNDS CREATED FOB THE PURPOSE OF INSURING REPAYMENT OF DEPOSITS OF PUBLIC MONEYS

[Under sec. 5 or the Reconstruction Finance Corporation Act, as amended]
1933..•.. ··••·•••••••··. ··•·•· ..
1934..••.•...•.....•...•....••..
1935

$5, 887, 715. 88
2, 500, 000. 00

$5,887, 715. 88
2, 500, 000. 00

$74,750.14
7,834,388. 79

$5,812,965. 74
478,576.95

January ...................•.... . :...... .... ...... ...............••.
~lay •.••.•..••• ····•···········

478,576.95 ......•....•..••.•
2,400,000.00 ••••.................••.............................•.
2,376,915.30
260,159.51
2,116,755.79
.••.•.......•....• .•.•••.•.•••......
510,994.28
1,605,761.51
---····-·--··•··-·..................
95,974.07
1,509,787.44
....•...... ....... ..•.•.........•.•.
102,813.46
1,406, 9i3. 98
.......•.....•.... ..•.•......... .•..
359,776.61
1,047,197.37
.................. ......•.....•.•.•.
37,465.50
1,009, 731. 87
....••............ ........... .......
336,355.40
673,376.47

June........................... .....•............
July............................

August ..............•......•...
September.....................
October........................
!\ovember •• ••..••.•...........
December......................
Total. .•.•.•..••.••...•...

2, 400, 000. 00

2, 376, 915. 30

2, 182, ll5. 78

673,376.47

419,773.21
156,528.25
45,335.24
332,051.79
151,040.26
59,318.34
381,653.67
131,760.63
67,539.09
1, 228, 375. 99

253,603.26
2, 397,075. 01
2,351, 739. 77
2, 019, 687. 98
1,868, 647, 72
1,809,329.38
1,427,675. 71
1, 295, 915. 08
1, 228, 375. 99

1936,

January........................
2,300,000.00 ..••••....••.•....
February...................... ..•••.•••....•....
2,300,000.00
March .....••.•...•..•....•.....•....••.••••........ •· •····· •······
April ........•.•.•..•......•••...•.••..•......•.........•.....•.....
J\.fay •••••••••••••••••••••••••••••••••••••••••••••• ••••••• ••••••••••

June ....•••••••••••••••••••••••.••...•.••.•.•.•.•.....•............
July··•··· .•.•.•.•.•••••••.•..•...•.•.•...••••.•......•......•......
Augmt .....••.•..•••••••••.•...•...•.••••.••••...•.......•.•.•..••.
September ..•••••.•••.••.............••.•.•••.•.............•..•...
October ...•••••••.•••••..••.•.....•.. •······· •··· ·· ····•· ··· · · ·•• •·
Total....................
2,300,000.00
2,300,000.00
Grand total..............

2,973,376.47

1=====1=====1°=====1=====
13, 087, 715. 88

13; 064, 631. 18

13,064, 631. 18

BORROWERS ENGAGED IN THK FISHING INDUSTRY

[Under see. 5 or the Reconstruction Finance Corporation Act, as amended]
1934 ••••.•••••••••••••••••••••••
1935

January........................
hbruary.. ••.•.••.•.......•...
March.........................
April...........................
June...........................
•nun•t.........................

September.....................
October........................
!\ovember .• ••.••..•.•..•••••..
December......................
Total. ••••••.••.•••.• ..••

$25,000.00

$25,000.00

7,500.00
17,500.00 .•••.•..•••..•.•••
11,000.00
10,000.00 .•.•........•.•...
14,000.00 ..••••••••.....•.. ••••.•...•......•.
3,000.00
23,000.00 .•••••.••....•....
500,000.00
3,000.00 .•.•••••..••..••..
16,400.00
20, 000. 00
16, 000. 00
$2, 500. 00
2,000.00 .....••..•...••..• ••.•........•....•
7,500.00 .••••.•......•.... ...•.•.•....•••.•.
8,000.00
480,369. 77 ...•..........•••.

42,500.00
52,500.00
52,500.00
75,500.00
78,500.00
78,500.00
92, 000. 00
92,000.00
92,000.00
572,309. 77

589, 400. 00

572, 369. 77

$119, 500. 00

1=======1======1°======1======

1-------1·------1-------+-----549, 869. 77

2, 500, 00

l====-=l,=====-1,=====I======

See footnotes at end or table.

Digitized by

Google

51

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorizations, disbursements, repaymenl1t, and amounts out•
standing from Feb. 2, 19;32, to Mar. 31, 1937, inclusive, by classe1t and months 1Continued

TABLE

BORROWERS ENGAGED IN THI!! FISHING INDUSTRY-Continued

Year and month

Amount author•
ized •

Amount dis•
bursed

Amount repaid

Amount out•
standing at end
ol period

1936

January..........................................
$5, i50.00 ..•.••••.•........
February...................... .••...........•...
18,500.00
$6, 83.3. 32
April......... . . . . • . • . . . . • . . . . . . . . . . . . . . . . . . . . . . . . . . • • • . . . . . . . . . . . . .
250. 00
May...........................
$25, 000. 00
13, 880. 23
500. 00
June...........................
2,000.00 ..•...............
80.00
July............................ ..•.•.............
20,000.00
761.11
AUJ!USt. ....•••••••••••• •· •. •. ••

2, liOO. 00

1,200.00 ·······••· ... . . . . .

September..................... ..................
1,200.00 •.••••••......••..
November ............• ___ .. _.. . . .. . .. . .. .. .. .. • .
8, 000. 00
78, 488. 88
December........... . . • • . • . • • . . . . . . . . . . . . . . . . . . . . . . . . • • . . . . . . . . . . . .
• 5, 9/iO. 00
Total. ...•..•....•.•.••..

28,200.00

67,330.23

$578, 119. 77
589,786.45
589,636.45
602,916.68
602,836.68
622, 075. 57
619,575.57
620,775.57
550,286.69

544,336.69

95,363.31

54-1, 336.69

13, 500. 00
3, 000. 00
2, 000. 00

532, 836. 69
529, 836. 69
637, 711. 69

1937

January........................
55,000.00
2,000.00
February .•........•.........•.•.••••...............•..............
March......................... ..................
9,875.00

I

1 18,500.00
Total, first quarter.......
5.5, 000. 00
II, 8i5. 00
537,711.69
Grand total .•••••••..••.• 1===79=2=,l=OO=_=oo=l!===654=,0=7=5.=00=l==,=1=1=6=,363=._=3=1•1====53=-=,,=7""11=.=69

TOTAL, SEC .. 5c OF THE RECONSTRUCTION FINANCE CORPORATION ACT, AS
AMENDED
[Subscriptions for stock or mortgage loan companies)
1935

March.........................
$10,000,000.00 ..•..........•.•..•••••••••••••••••.•••••••••..•...•••
April.......................... . . • . • . . • • • . . . . • • • • •
$10, 000, 000. 00 • • • • • • • • • • • • • • • • ..
$10, 000. 000. 00
July................ . • • • . • . • • • • . . . . • . . . . . . . . . . . . . . . • . . . • • • . • . • . . . . . . . • . . • . . • • • . • • • . • . .
10, 000, 000. 00
Total....................

10, 000, 000. 00

10, 000, 000. 00 . . • . . . . . • . . . • • •• .•

10,000,000. 00

10, 500,000.00
1, 250, 000. 00

10, 000, 000. 00

20, 000, 000. 00
20, 000, 000. 00

1936

July ...........•.•...•..••...•..
August .....•..•••••...•••.•.•••
Total. .•.•.....•••..•.•..
1937

March.........................
Total, first quarter.......
Grand total..............

10, 000, 000. 00 -----------------20, 000, 000. 00
11, 7/iO, 000. 00
l=====l=====F=====I======
5, 000, 000. 00

5, 000, 000. 00

(')

25, 000, 000. 00

5, 000, 000. 00

5, 000, 000. 00

(1)

25,000,000.00

1-------1-------1--------1-------

1======1======r-======1======
26, 750, 000. 00

25, 000, 000. 00

(')

25,000,000.00

TOTAL, SEC. 5d OF THE RECONSTRUCTION FINANCE CORPORATION ACT, AS
AMENDED
[Direct loans to Industrial or commercial business, Including participations]

$28, 542, 535. 00

$6, 742, 780. 11

$116,678, 79

$6, 626, 101. 32

January .•••..........•.••••.•••
February •.....••....••.••...•.
March ......•........•.........
April.. ••....•.•..........•...•.
May •.•.•.•..•....•.•..•.•.....
June ••••.....•.................
July ••••••..........•...........
August .......••.•...•..........
September ....•..•..•........•.
October....•••••...•.....•.•.••
November .••••..•••.•••••.•.•.
December..••.•.••••••••••.••••

4,831, 5/iO. 00
4, 121, 100. 00
5, 719, 771. 93
6, 987, 915. 00
4, 100, 100. 00
10, 979, 033. 33
6, 996, 830. 00
10,916,766.66
5,638,150.00
4, 213, 108. 33
4,061,784.00
4, 389, 095. 11

1,907,767.64
2,217,094. 26
2, H9, 499. 91
2,042, 758. 77
3, 238, 520. 55
4, 235, 210. 82
4,410, 73_7. 99
3, 777, 486. 28
3,038,710.62
2, 586, 585. 32
3, 032, 284. 87
3, 040, 578. 69

21,117, 59
82,601, 59
58,401.65
213,981.59
212,778.00
167,061.13
239,375.17
193,000.52
230,572.19
273,263.55
320,132.29
465,582.00

8,512,751.37
10,647,244.04
12,738,342.30
14, 567, 119. 48
17,592,862.03
21,661,011.72
25, 832, 374. /'4
29,416,860.30
32, 224, 998. 73
34, 538, 320. /iO
37,250,473.08
39,825,469. 77

Total. •••••.••••••.••••••

73, 045, 204. 36

35, 677, 235. 72

2,477,867. '%7

39, 825, 469. 77

1934 ...••..••.•••••••••••••••••.
1935

See footnotes at end or table.

Digitized by

Google

REPORT OF RECONS'.rRUCTION FINANCE CORPORATION

55

6.-Amount of authorizations, disbursements, repayments, and amounts outatanding from Feb. 2, 1932, to Mar. 31, 1937, inclusive, by classes and months 1Continued

TABLE

TOTAL, SEC. 6d OF THE RECONSTRUCTION FINANCE CORPORATION ACT, AS
AMENDED-Continued
Amount author•
I.zed.

Year and month

1936

Ianuary.••..•••.•••••••••••••••
February ......•....•••...•••••
March •••.•.•••••...•••.•.•••••
April•••.•••.•.•.•.•••••••••••••
May .••.•••••••••••••...•••••••
June .•••• ·······-···- -- ••••••••
July __________________ ----·----·
August ___ .. _______ ._ ..• ___ -·· .•
September.------········-·····
Octow... - ••••••. -----···. ---·
November •• -·······--- ___ ·-·-December__ .-·-·-----·--- __ -··.
Total. ••••••••••_••••••••
1937

I

Amount dis•
bursed

Amount repaid

Amount out•
st.anding at end
of period

$4, 704, 350. 00

$4, 211, 959. 39

4, 402, 622. 20
3, 150, 210. 69
3, 086, 798. 11
I 2, 746, 600. 00
4, 180, 382. 55
4, 791, 639. 97
5, 743, 709. 02
I 1, 934,860.42
13,451,682.14
1, 129,525.00
I 3, 486, 569. 23

3,118,581.91
2, 672, 841. 82
2, 315, 636. 46
1,464, 704. 60
2, 367, 413. 12
3,014, 622. 10
1,930,593.24
2, 159, 599. 10
4, 279, 286. 66
1, 681, 248. 38
3,077,066. 75

$403,929.48
443,162.47
772,955.21
413,246. 75
850, 88,5. 02
581,149.83
584,498.25
837,442.52
613,876, 16
981,627.80
1, 099, 980. 61
I 1, 173, 068. 80

$43, 633, 499. 68
46,308,919.12
48, 208, 805. 73
50. 111,195.44
50. 725, 015. 02
52, 511,278. 31
54. 941. 402. 16
56, 034, 552. 88
57,580,275.82
60, 877, 934. 68
61, 459, 202. 45
63, 363, 200. 40

42, SOS. 949. 33

32, 293, 553. 53

8, 755, 822. 90

63, 363, 200. 40

3, 574, 182. 94
2, Ill, 681. 21
2, 148, 978. 78

1,032, 81~. 08
1, 764, 903. 18
1, 081, 332. 00

1, 443, 228. 13
1,151,487.31
1, 154,046. 57

62, 952, 786. 35
63, 566, 202. 22
63, 493, 487. 65

]Rnl18ry···- --·-----····--·-·--.
February._-·----·--···-···-·-MRreh .. ···-·············--·-·Total, first quarter .•••••.

7, 834, 842. 93

3, 879, 049. 26

Grand total_··-··-··_·-··

152, 231, 531. 62

78,592,618.62

I

I

I

I 3, 748, 762. 01

63, 493, 487. 65

15, 000, 130. 97

63, 493/487. 65

LoANS TO lNDUSTBIAL OB COM:M:EBCU.L BUSINESS

[Under sec. 15d of the Reconstmction Finance Corporation Act, as amended]
$25,477,350. 00

$6, 315, 280. 11

$116, 678. 79

$6, 198, 601. 32

June.········-·-----···· __ . __ •.
Julf---···-·-·------··-···-. ____
Augnst_··-----·······--······-September.·---·····-·---- - •• -October.--·-······-·- __ ··-.·-. November_·····----- _____ •. __ •
December..... _________________

3, 383, 100. 00
3, 570, 600. 00
5, 146, 471. 93
6, 144, 915. 00
3, 306, 600. 00
10, 391, 100. 00
6, 232, 980. 00
10, 203. 500. 00
5, 236, 800. 00
3, 550, 275. 00
3, 323, 284. 00
3, 708, 095. 11

1, 571, 634. 31
2, 063, 844. 26
1, 666, 500. 38
1,801,258.77
2, 934, 520. 55
3,895, 744.15
4,015, 443. 83
3, 439, 670. 76
2, 934, 408. 66
2, 280, 772. 82
2,738,384.87
2, 873, 828. 69

21,117.59
82,521.59
51,571.65
168,151.59
212,698.00
166,378.64
235,675.36
185,635.64
216,860.00
222,825.31
303,386.41
445, 775.10

7,749,118.04
9, 730, 440. 71
11, 34,5, 369. 44
12, 978, 476. C2
15, 700, 299. 17
19, 429, 664. 68
23, 209, 433. 15
26, 463, 468. 27
29,181,016.93
31,238,964.44
33, 673, 962. 90
36, 102, 016. 49

Total __ •• ·-······-··-···_

64, 177, 721. 04

32, 216, 012. 05

2,312, 596. 88

36, 102, 016. 49

1anwiry•• _•• --····-·-· •••••••.•
February ___ .·-··--~----·--_.-·
March_-·-······-·----------· .•
A priL-----····-·---···- •••• -- ·May.-·-·········-·-·······-··June.·-··-·····--···-·····-·-·July __ ··-······--·-··-- ••••••• __
AUl!USt--.-···-······-·-··-· -··September •• ---··------·--··- __
Oetoher. ___ .• ··-··--· ____ -- .•••
November •• ___________ ··---· •.
December_ •• _-------·- ••••• ___ •

I 4, 350, 300. 00
3, 1561. 129. 70
2, 332, 710. 69
2, 478, 398. 11
I 2, 418, 600. 00
3,093,313. 81
3,456,479.97
5, 459, 459. 02
1, 754, 860. 42
I 2, 799, 182. J4
1, 049, 025. 00
3, 422, 569. 23

3, 988, 339. 71
2, 655, 987. 11
2, 455, 134. 15
2, 030, 136. 46
1, 342, 204. 60
2, 260, 913. 12
2,942,597.10
1, 857, 919. 94
1, 949, 130. 67
3, 628, 323. 99
1, 537, 288. 38
2,980, 141. 75

I 385, 238. 64
392, 1311. 75
542,954.56
332,147.91
803,461.09
502,213.45
488,439.50
807,870.67
527,531.17
603,877.85
066, 553. 85
I 1, 066, 263. 99

39, 705, ll7. 56
41, 968, 964. 92
43, 881, 144. 51
45, 579, 133. 06
46, 117, 876. 57
47,876,576.24
50, 330, 733. 84
51, 380, 783. 11
52. 802, 382. 61
55,826,828. 75
56, 397, 563. 28
58,311,441.04

Total. __ ····- __ •••••••• __

36, 166, 028. 09

29, 628, ll6. 98

7, 418, 692. 43

58,311,441. 04

2, 973, 932. 94
1, 880, 281. 21
), 807,645.45

986,083.31
1, 545, 280. 11
924,685,85

1, 394, 336. 45
1, 097, 178. 48
I 939, 589. 91

57,903,187.90
58, 351, 289. 53
58, 336, 385. 47

1004•••••••••••••• -·----···-····
1935

January_·-····-·-·--··-·--···-·

il~c':iary _-···----·······-·---

tl':t·:::::::::::::::::::::::::

1936

1937

January------·-·-·--···· •••• ___
Fehruary .•• ·-····---·--·······
March .• ·······--··-·--········
Total, first ql18rter _••••••

6, 661, 859. 60

3, 456, 049. 27

I 3, 431, 104. 84

58, 336, 385. 47

Grand total ••• _••••••••••

132, 482, 958. 73

71, 615, 458. 41

I 13, 279, 072. 94

58, 336, 385. 47

See footnotes at end of table.

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Google

56

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorizations, disbursements, repayments, and amounts outstanding from Feb. 2, 1932, to Mar. 31, 1937, inclusive, by classes and months 1Continued

TABLE

Pl'RCHASES OF PARTICIPATIONS IN LOANS TO INDUSTRIAL OR COHHRRCIAL

Busn,RBS

[l:nder sec. 5d of the Reconstruction Finance Corporation Act, as amended)

Year and month

Amount author•
ized 2

Amount dis•
bursed

Amount repaid

Amount out•
standing at end
of period

------------------

$427, 500. 00

336,133.33
153,250.00 ·•······· $80. 00
482,999.53
~. 830.00
45,830.00
241,500.00
80.00
304,000.00
682. 49
318, 266. 67
2,099.81
394,894.16
329,816.52
7,364.88
11,712.19
104,301.96
50,438.24
305,812.50
293,900.00
16,745.88
19,806.90
166,750.00

763,633.33
916,803.33
1, 392, 972. 86
1, 588, 642. 86
1, 892, 562. 86
2, 210, 147. ot
2. 602,941.39
2, 925, 392. 03
3,017,981.80
3, 273, 356. 06
3,550,510. lS
3,697,453.28

3, 431. 623. 67

161,670.39

3,697,453.28

230. 050. 00
740. 292. 50
482, 500. 00
432,400.00
78. 000. 00
297,000.00
1,135.960. 00
96,250.00
• 100, 000. 00
3 217, 500. 00
8,000.00
364,000.00

223,619.68
462,594.80
217,707.67
285,500.00
122,500.00
106,500.00
72,025.00
72,673, 30
210,468.43
6.iO, 962. 67
14'.J, 960. 00
96,925.00

18. 600. 84
61,022.72
229,600.65
81,098.84
47,423.93
78,530.38
96, O/i8. 75
29,246.58
86,267.28
376,952.93
133,349.05
I 106,804.81

3,902,382.12
4,313, 954.-20
4, 302, 061. 22
4, 506, 462. 38
4, 581, 538. 45
4, II09, 502. 07
4, 585, 468. 32
4, 628, 895. 04
4,753,096.19
5,027,105.93
5,037,716.88
5,027,837. 07

Total. ••...•....•...•....

3. 881,952. 50

2, 665, 436. 55

1, 335, 052. 76

5,027,837.07

1937
January ___ . ________________ . ___
February ......................
March ......... ·····-··•· .. •··•

431,500.00
95, 5()(). 00
2S9, 333. 33

46, i30. 77
219,623.07
153,846.15

48.491.68
54,166.23
' 212, 213. 42

5, 026, 076. 16
5, 191, 533. 00
5, 133, 165. 73

1934 .......•••............•..•..

$1,941,460.00

1935
January .....•.....•............
February .....•............•...
Marcb ...•..•.........•...•....
April.. ...............•....•....
May .•......•..................
June .........•.................
July .....................•......
August. .............•..........
September •...•.•...•....•..•..
October ........•...............
November ..........•.•...•....
December ••.•..••••......•.....

886,500.00
235,500.00
32S, 800. 00
735,500.00
615,500.00
217,100.00
663,850.00
536,600.00
401, 3,50. 00
447, 4:l3. 33
418,500.00
681,000.00

Total. ••.••.•.•••••......

6, 217. 633. 33

1936
January ....•..•.............•..
February ......................
Marcb .........................
April.. ....................•....
May ...........................
June .•..•..........•...........
July .....•.••...................
Auuust ___ ______________________
September •...•................
October ......••.•..••......•...
November ..•.............•.•..
December........•.............

$427, 500. 00

Total, first quarter •.••...

816,333.33

420,190.99

Grand total. •••.••..•....

12,857,379. 16

6, 944, 760. 21

1

'314,871.33

5, 133, 165. 73

1,811, 594. 48

·5, 133, 165. 73

AGREEMENTS TO PURCHASE PARTICIPATIONS IN LOANS TO INDUSTRIAL OR COMHRRCIAL BUSINESS

[Under sec. 5d of the Reconstruction Finance Corporation Act, as amended)
1934..•..•.•.....•.•••••••••...•

$1,123,725.00 .................. 1........................ • · · · · · · - - · - -

1935
January........................
581,950.00 ................................................. ____ _
February......................
315,000.00 .................................... ·············---·March.........................
244,500.00 .................................... ·············---·
April...........................
107,500.00 .................................... ··············--·May. . . . . . . . . . . . . . . . . • • . . . . . • . .
268, 000. 00
June...........................
370, 833. 33
21, 200. 00 . . . .. . . . .. . . •• . . .•
21,
00
July...........................
100. 000. 00
400. 00
1,600.00
20,000.00
August.........................
126, 666. 66
8, 000. 00 •• .•••....... ... ..
28, 000. 00
September.........................................................
2,000.00
26,000. oo
October........................
21.5, 460. 00 .................. ..................
2R, 000. oo
November.....................
320,000.00 .................. ..................
26,000.00

200:

Total....................

2,649,849.99

1936
January ...................... ..
February ••...•................
March •••.•.......•............
April.. ..•.•...•••••............

124,000.00
lll, 200. 00
335,000.00
176,000.00

29. 600. 00

3,600.00

400.00

See footnotes at end of table.

Digitized by

Google

26,000.

oo

26,000.00
26,000.00
25,600.00
25,600.00

57

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorizations, disbursements, repayments, and amounts outatanding from Feb. 2, 1932, to Mar. 31, 1937, inclusive, by classes and months 1-

TABLE

Continued
!O&HKENTS TO PUIICBASE PARTICIPATIONS IN LOANS TO INDUSTRIAL OR COMMERCIAL BVSJNESS-

Continued

Amount author•

Year and month

ized •

1936
May...........................

June...........................

July...........................
August.... .....................
September.....................

October.......... ..............

November....... . .............
December.. . ...................

Total.......... ..........
1937

Amount dis•
bursed

$250, 000. 00
700,068. 74 ....•••••••....•.•
I 99, 200. 00
188, 000. 00 . • ••• • •• ••• •... . . .
80,000. 00 ...••• ••••••••••. .

$400. 00
325. 27
77. 71
797. 02
77. 71

1435, 000. 00 . ......•..........
72,500.00 . ....•••••••.•....

(')

Amount out•
standing at end
ol period

Amount repaid

.................. . .................

$25, 600. 00
25, 200. 00
25. 200. 00
24, 874. 73
24,797. 02
24, 000. 00
23, 922. 29
23,922. 29

1-------t-------lf-------+------23, 922. 29
2,077. 71
2, 760, 968. 74 -----------------1======1======1=======1======

23, 522.29
400.00
-----------------142. 60
23, 379. 69
-----------------2,243.24
23, 936. 45
$2,800.00
1--------1-------1-------,------2, 8(1().00
23. 936. 45
• 2,785.84
356,650.00
Total, first quarter... _...

January .•.•••••••••••.•••••••.
February......................

March.........................
Grand total..............

168, 750.00
135,900.00
52,000.00

I

l======l,======l=======I======
23, 936.45
'8,463.55
32,400.00
6,891, 193. 73

TOTAL, SEC. 5e OF THE RECONSTRUCTION FINANCE CORPORATION ACT, AB
AMENDED
[Loans on the assets ol closed banks and trust oompanies)
11134.. •.••••• ••••••••...••.•••. •
1935

1anusry.• _______ •••••••••..•••.

$131, 116. 87
l======I

$22. 500. 00

$139. 25

$22. 360. 75
34, ~.70
77, 910. 60
149,792.20
234, 345. 15
330,447.73
411,214. 89
9, 900, 799. 43
8, 23 1, ,506. 45
7, 71 2. 216. 78
579,021.32
590,860. 82
1, 225, 160. 43

~t~::::::::::::::::::::::

79,988. 24

13, 211.53

m: 8~::

June...........................

11, 231, 136. 44
111,000.00
164,430.65
75,135.91

: :mJ;
i:
1:J~i:
91, 233. 42
10,468,138. 63
84,471.17
42,367.47

23,500.00

63,605. 08
~~: i~
Jt

1,365.58
5,251.22
10,505.65
8,119.53
7,159.20
10,466.26
972,554.09
I, 759, 674. 15
561, 747.14
7, 196,800.54
19,603.98
18,357.46

12,100,576.57

ll , 774,404.48

10, 571, 604. 80

I, 225, 160. 43

305,365.56

28. 380. 11

40,298.51
14, 119. 64
27, 0.16. f,1
23,550.36
30,561. G9
40,041.16
41,535.47
62,260.33
16,064.49
31,750.86
23,882.00
3 34,604.18

1. 213, 242. 03
1, rn9, 122. 39
1, 1~7, 570. 53
1, 204, 30-1. 71
I, 439,412.19
1. 462,101.27
1, 430, 295. 99
I, 387,878. 67
1, 371, 814. 18
1, 3fi4. 351.12
I, 340, 469. 12
I, 316,358.68

U.1·::::::::::::::::::::::::::

July········-···· · ·-···········
August.......... . ..............
September.....................

g~~~ber::::: ::::::::::::::::
December......................

Total •••• -..... ..........
1936

lanu~ry........................

l~~~~~Ji

t g:: &1

f - - - - - - - - 1 - - - - - - - 1 - - - - - - ·I- -

February..... • ••••••• • •..•..•.••.•.....•..... _...••••••• ••• .. . .. .. .

March........ . ................
A11ril....................... ••••
llay...........................
June............. . .............

26,298.85
23; 750. 00
4,426.14
27,578.98

15,484. 77

40,283. 54

2M, 670. 17

62, 730. 24

1i: m: i~
::::::::::::::::::
~~~si~~:::::::::::::::::::::::
13,173.07 . ••••••.•..... . ...
ptember.....................
October... . ....................

£ovember .••.•••. ••.••••.•••..
ecember......................
Total ••••••••••••••.•••.•
1937

24, 287. 80
166, 359. i2
71,251.47 •.••••••• . ... . .•..
10,403. H

• 131,590.43

38/i, 705. 32
769,794.22
476,903.57
i======l•====-===l=======I==

1~t il

40,573.66
~1~·::::::::::::::::::::::1-------1-----

33,065.45
40, 188. H
123,873. 01

1,316,358. 68
I, 283, 2113. 23
I, 283,678.48
1, 259, 805. 47

I, 25Y, 805, 47
40, 573. 66
335, Of'A. 52
'97,126.87
Total, first quarter.......
Grand total •••••••••••••• 1==1a=,426=,=4=92=.=18=l•==1=2=,3=1=4,=38=1=.=71 l======I==
1, 259, ROO. 47
I 11,054,576.24

See footnotes at end or table.

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58

REPORT OF RECONSTRUC'flON -FINANCE CORPOitATION

6.-Amount of authorizations, disbursements, repayments, and amounts outstanding from Feb. 2, 1982, to ,War. 31, 1937, inclusive, by classes and months 1Continued

TABLE

TOTAL, E:IIERGE!'ICY RELIF.1'' AND CONSTRUCTION ACT OF 1932, AS AMENDED

Year and month

Amount authorized•

1932·--········--···············
193'.
1 ___________________________ _

$.113, 044, 328. 13
704. 921, 279. 71
453, 2:lV, 87~. 86

19'"-·············-·-············

Amount disbursed

1935
January _________________________________________
_
February ............. ··-·......
150,000.00
March·-···········-········...
I, 751,013.91
ApriL.........................
815,051.31
May·-·-···················....
7. 000, 000. 00
June .. ·-·········-············.
86, 15:J, 000. 00
Tuly ............................ ····-·-···········
August_________________________
77,000.00
September .... ······-•········.
JOO, 020, 000. 00
October........................
50, llOO. 00
November......................
100,075,000.00
Det-ember......................
1,994,117.18
__ ,

Amount repaid

$97, 144,016. 18
34,5. 029, 713. 17
308, 721, 348. 95

$115, 456. P5
4, 620, f\54 .•,o
273,122,446.31

$97, 028. 5o9. 23
437,437,617.00
473,036, 520.M

11, 320, 844. 02
8,868,557. 15
12, 473, 105. 53
13, 8.17, 388. 69
12,557,881.66
107,693,518.21
97,033,894.59
2.,, 774, 743. 12
22, 996, 380. 34
7, 900, 834. 05
7,440,420. 74
4,810,693. 25

6, 973, 192. 77
6, 189,376.35
3, 864, 503. 08
914,329.61
2,483,034.33
5,641,568. 14
11,412,700.18
1,379, 191. 11
938, 119. 59
3, 251, 455. 64
500,000.41
30,481,058.00

478, 384, 171. 7ll
481, 063, 352. 59
489, 671. 955. Di
502, 595, 014. 12
512, 669,861.45
614,721,811.52
700, 343, 005. 93
724, 738, 557. 94
746,796,818. f9
751,446, 197. 10
758,386,617.43
732. 716,252.08

_______ < - - - - - - - ,

Total. ............. --····
1936

332, 708, 261. 35
73, 028, 529. 81
732, 716, 252. OS
1======1======1,======1=======
298,085,182.40

January··-··-·-··..............
100,000.00
February.......................
505,432.50
March.················-······.
80, fi52. 05
ApriL.........................
900,558.08
May··-·-············-···-·····
fi7, 500,000.00
June .......... _.··-·-······-··10, 770, S08. 92
Julv............................
160,535,000.00
An~ust. .... -•··-·•--··-········
225,000.00
September ...... ····-····•·•···
225,000.00
October ....... ·-· ..... ·-··.....
10,085,000.00
November .. ·····-·-···•·····-·
60,000.00
Decembcr ......... -·-·····--··· ····--·-·······-··
Total. .. ····-------······

2-W. 990,451.55

1937

898,457.17
1, 903, 813. 57
2, 340, 651. 15
19, 845, 863. 80
I 123,493,843.87
' 33, 701, 157. 72
71,631,795.21
610,972.42
451,175.81
409,865.22
324,510.31
I 2, 993, 383. 56

111,771,941.31

258, 605, 489. 81

41, 576, 836. 28
6, 873, 191. 63
2,176,207.37

March .. ····-·-····-··-·····-·- ······--···-·-·--·
405,000.00

Grand totaJ. __ ·--·-···-·· 2,010,686.120.65

37, ,501, 341. 94
3, 831, 3i2. 88
6, 329, 345. 56
5, 175, 400. 15
11, 446, 590. 95
13,819,950.47
7, :JSO, 161. 71
6, 888, 927. 02
7, 366, 098. 92
6, 850, 964. 55
4, 130, 725. 71
• 4, 051, OM. 45

769,319,136.85
771, 246, 696. 16
775,235,390.57
760, 564, 926. 92

648,517,674.00
628, 636, 466. 75
564, 384, 833. 25
570, 662,787.85
577, 577,710.96
584, 018, 810. ~
587, 825, 025. 69
588, 882, 706. 58
588, 882, 706. 58

i======f======I=======

January·-··•·····--··--···-·--·
405,000.00
February __ • __________________________ ----------Total, first quarter_......

Amount outstanding ~t end
oC period

J

6f0,627.14
12, 513, 985. 63
49, 350, 460. 14

.629, 798, 916. 72
624, 158. 121. 72
676, 983, 878. 95

50,626,235.28

• 62,525,062.91

576, 983, 878. 95

l,249,001,519.24

• 672,017,640.29

576, 983, 878. 95

I

SELF·L!Ql'JDATING PROJECTS (INCLUDING LOANS FOR FINANCING REPAIR 01' D.Ud:AGE BY EARTHQUAKE,
FIRE, TORNADO, OR CYCLONE IN 1933)

[Under sec. 201 (a), title II, ol the Emergency Relief and Construction Act o( 1933, as amended]
1932·-··············--·---·---··
1933 .......... ···-···-·-·-·-····
1934·-·················-····-·-·

$145, 775, 53·1. 24
84,988,207.26
2 ,l. 333, 313. 36

1935

January ............ ·-·· .. ·--- .. ···-·--·---·---···
February ... ·······-··-·····-·- ··-··-·····-····-March ............ _. _____ .... _. ·•-·-·--····--·-·ApriL .......... - ..... _.. ____ ..
53,000.00
May.•--············-·······-······-··-·········June._ ................. -.-·-···
36,000,000.00
July··•·······•········--·-•··-··----·-····-·····
August. ........... ·--·----·-···
7,000.00
September._ .. ·-·---··· ... ··-·. ··-·---·---··--··October .. ·-·-·······-·---·---·· ·-··-·--------·--November ....... ···-·-···-···· ··-····--··-··--··
December...... ·-··--·-··.·---· ··-· ···-·-···-·· ..
Total. __ ·-·----------·--·

36, 060, 000. 00

$15, 737, 000. 00
47,866,091.58
67,950,843. 33

$152,175.00
8, 867, 04 I. 57

$15,737,000.00
63,450,916. 58
122,534,718.34

2, 758, 266. II
3, 727, 728. 86
5, 086, 225. 31
2, 228, 000. 00
3, 056, i 50. 00
9, 158, 389. 19
2,935,100.00
6, 345, 955. 52
13, 650, 000. 00
2, 84:J, 262. 50
4,961,758.33
3, 040, 000. 00

00, 755.16
1,327,180.46
555,843.45
94,884.37
13,530.87
14,647.09
878,931.10
169,092.14
79,534.28
2, 836, 802. 14
89,272.40
29, 873, 359. 18

125, 202, 229. 29
127,602,777.611
132, 133, 159. 55
134, 266, 275. 18
137, 309, 494. 31
146,453,336.41
148, 509, 505. 31
164,686, 368. 611
168, 256, 834. 41
168, 263, 294. 77
173, 135, 780. 70
146, 302, 421. 52

59, i91, 435. 82

36, 023, 732. 64

146, 302, 421. 62

See footnotes at end of table.

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59

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorizations, disbursements, repayments, and amounts outatanding from Feb. 2, 1932, to Mar. 31, 1937, inclusive, by classes and months 1Continued

TABLE

BsLr-LIQUIDATUIG PBOlllCTS (INCLUDING LOANS POB FINANCING RSPAIB or D.UUGII BY EARTHQUAKE '
FIRE, TORNADO, OB CYCLONII IN 1933)-Contlnued

Year and month

Amount authorlzed •

1936
January-----------------------February______________________
March_-----------------------ApriJ __________________________
May--------------------------June___________________________
July ________ --------------------

__________________
$5,432.50
________ __________
-----------------57,500,000.00
__________________
------ ------------

Amount disbursed

Amount repaid

Amount out•
standin!( at end
of period

$7,463, 9M. 95
$101,506.62
$153,664,869.85
3,029,480.51
1,375, 92.5. 52
155,318,424.84
4,929,626.03
579,927.01
159,668,123.86
4,085,000.00
158,330.99
163,594,792.87
9,027,574.84
86,516.50
172,535,851.21
1,479,000.00
5,540,428.49
168,474,422. 72
5,942,044.44
204,955.17
174,211,511.99
~ •igust.._____ __________________ __________________
5,862,402.84
36,802.21
180,037,112.62
September.____________________ __________________
4,428,000.00
50,399.00
184,414, 712. 72
October .. ---------------------- __________________
4,710,882.89
68, 02.5.19
189,057,570.42
November.____________________ __________ ________
3,600,000.00
174,460.36
192,483,110.06
•2,836,578.44
193,246,831.62
December________________________________________
3,600,300.00
Total ____________________ i--57-,-50-5-,-43_2._50-l--58-'-,-15-8-,-266-.50-1--11"",-2-13-,-856-.40-1--19-3-,24-6-,83-._l._6_2
1937

W't~ry---------------------- :::::::::6•000•

00
:

t 5::

I~: ~l * 5: 5: ~: g~

~
_______
,_______ ,_______

Total, flrst quarter ______ -1==='='5:=.=cooo=.00=1==13:=,'c5'='46:=.'='89:=6;=.9:=2;= I===·=;18=c6;=,'='44~8.=c1=7
Grand totaJ._____________
349,667,487.36
263,050,534.15
• 56,443, 2.53. 78
FINANCING EXPORTS

206, 607, 280. 37
206,607,280.37

or AGRICULTURAL SURPLUSES

[Under sec. 201 (c), title II, of the Emergency Relief and Construction Act of 1932, as amended]
1933____________________________
1934 _______ -- -------------------

1935

$52,880,542.80
490,412.42

$7,142,728.38
13,056,514.59

$247,534.37
4,775,909.17

g: ~: ~

19,103.32
219,539.62

$6, 895, 194. 01
15, 175, 799. 43

l=====l=====l,=====I======

ltt~-:::::::::::::::::::::: ::::::::::::::::::
April...__________________________________________

9,143.88 _
,r av. _____________________________________________________________
June. _____________________________________________________________ _
July ..... __________________________________________________________ _
~•rtember ________________________________________________________ _
December. ________________________ . _-- - -- -- - - -- - . ------ - --- -- ---- - Total _________________________________ ._____
25,343.69

1936
Msrch ____________________________________________________________
_
April ______ -- -- -- --------------- - -- - -- - - -- -- -- - - -- - - - --- -- - - · ---- ---

Total_------------------- ------------------ -----------------Grand total. ____________ _
20, 224, 586. 66
53, 370, 955. 22

36,139.66
394,766.90
15,091.94
216,436.21
273,104.63
I, 174,182.28

15, 163, 670. 56
14, 953, 356. 30
14, 962, 500. 18
14, 926, 360. 52
14, r.31, 593. 62
14,516,501.68
14, 300, 065. 47
14,026,960.84
14, 026, 960. 84

442,677.06
13, 537, 387. 79
13, 980, 064. 85

13, 584, 283. 78
46,895.99
46,895.99

' 20, 177, 690. 67

4ff,895. 99

FINANCING or AGRICULTURAL COJ,UIODITIES AND LIVESTOCK
[Under sec. 201 (d), title

II, of the Emergency Relief and Construction Act or 1932]

19.12
___ ---------- --------------1<<13____________________________

$54,
67
379, 775,
M5, 9?0.
402. 87

11,34 ___________________ ---------

427,416,153.08

$1,439,974.09
70, 002, 936. 30
227, 713, 991. 03

$115, 456. 95
3, 250, 860. 13
258, 238, 171. 57

$1,324,517.14
68, 076, 593. 31
37, 552, 412. 77

l======l======l,=~====I======
1935
January ________________________________ · _________
8,562,577.91
~. 826,005.61
40,288,085.07
4,843,092.57
40,578,846.34
February______________________
150,000.00
5,133,853.84
ll:irch. ______ __ ___ __ ___ ________
1, 751, 013. 91
7,377, 6M. 86
3, 081, 620. 01
44, 874, 881. 19
April.._________________________
762,051.31
11,600,244.81
818,795.24
55,656,330. 76
ll•Y ______ • ____________________
7,000,000.00
9,501,131.66
2,413,363.80
62,744,098.62
98,535,129.02
5,231,354.15
156,047,873.49
June.__________________________
50,153,000.00
July---------------------------- __________________
94,098,794.59
10,518,067.14
239,628,600.94
.~c~ust.._. _____________________
70,000.00
19,428,787.60
1,143,098. W
257,914,289.57
"'°l•teruber _____________________
100,020,000.00
9,346,380.34
119, 749. 10
267,140,920.81
v,-1.. t,er ___ _____________________
50, ooo. oo
5,057,571.55
83,653.50
272,114,838.86
~ ovemher. .. __________________
100,075,000.00
2,478,662.41
343, 7?8. 01
274,249,773.26
IJecemb«. _____________________ 1_ _1.c.,_994--'-,_11_7_.1_8_+--l-',..,77_0_,_693_.25_ _~-260~,-=244~.7:-:9_ __-:::27:-:5-:,7=-=60--=-'-=22=1.-::72::,
1
1
Total____________________
262,025,182.40
272,891,481.84
34,683,672.89
275,760,221. 72

l======l======l,======I======
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60

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorizations, disbursements, repayments, and amounts outstanding from Feb. 2, 1932, to Mar. 31, 1937, inclusive, by classes and months'Continued

TABLE

FINANCING or AGRICULTURAL CoinrnDITIBS AND LIVESTOCK-Continued
Amount author•
ized •

Year and month

1936

January........................
$100,000.00
February......................
500, 000:00
March.........................
80,652.05
April...........................
003, 558. 08
May ••••••...•.....•.•.•..•••...••.•.............
June...........................
10,770,808.92
July ... ··•·····•··•..•.•.•.•.•••
160, 535, 000. 00
August.........................
225,000.00
September.....................
225,000. 00
October........................
10, 085, 000. 00
November.....................
60,000. 00
December ........•.••.••••.••.•....••..•.••.....•
Total. ••.•.• .••••••••••••

Amount out•
standing at end
or period

A.nount dis•
bursed

Amount repaid

$30, 037, 386. 09
801,892.37'
1, 309, 719. 53
I, 090, 400.15
2,419,016.11
12, 340, 950. 47
1,438,117.27
1, 026, 524. 18
2, 938, 098. 92
2, 140, 081. 66
530, 725. 71
I 450, 764. 45

$796, 208. 55
527, 453;05
1, 129, 047. 08
6, 150, 145. 02
t 123,387, 327. 37
t 28, 157, 969. 23
71, 426, 840. 04
383,670.21
172,275.91
105,840.03
48,049.95
182,805.12

$305, 001, 400.16
305, '275; 839. 48
305, 546, 511. ll3
300, 486, 767. 06
179,518,455.80
163, 701,437.04
93, 712, 714. '11
ll4, 355, 568. 24
97, 121, 391. 25
09, 155, 632. 88
09, 638, 308. 64
100, 006, 267. 97

232,367,631.56

100, 006, 267. 97

,-•------1--------56,613,677.81
183,485,019.05

l=~===l=====I,===

1937

January........................
400,000.00
February ••••.•.....•••••.........•....••••.•.•..
March .•.••••••....•...••.•••...........•.•...•..
Total, first quarter .••.•..

400,000.00

36, 392, 836. 28
347. 294. 71
339,207.37

I

336,124.69
12, 487, 970. 63
43, 160, 019. 42

136, 062, 979. 56
123, 922, 303. 64
81, 101,491.59

37, 079, 338. 36

I

55,984, 114. 74

81, 101,491.59

l======f======l,======I=======
81, 101,491.59
Grand total. ..•••••.•.... • 1,307,647,678.07 1 665,741,399.43 • • 584,639.907 .84
AMOUNTS MADE A VAILABJ.E FOB REUEF AND WORK REUEF
[Under sec. 1, title I, or the Emergency R~lier and Construction Act or 1932, as amended)

1932............................ $112,492,873.22
$79,967,042.09 .••••.....•..•••..
1933. ..• •••. .. ..... •. .... .. .. .. •
187, 507, 126. 78
220, 017, 956. 91
$970, 085. 00
1934............................ . . ........ .....•.. . •..•...... .. . ... •
1,241,324.00

$79,007,042.09
299,014,914.00
297, 773, 590. 00

1935

January•....•......••••••.•.•.......•...•......•..••..••.••..••••..
March ...........•.••••••.••••..........•....•..•..••.•••••.•.••••.
April._ .....•...•.....•.....•.....•.................•••....•••••...
May ....................•...•.....•...••••....•••....••.•••...•.•..
June •••.•.........•.•......•..........•••...........•.•••..•••.••••
July ...•.•......•...•..............••.••.••..........•..•.....•.••.•
August ....•.....•.•.........•.•.•.•..•..•.•..............•...•.•.••
September •...........•..............•.................•........•..
October .••••..••...•....•..•....••••..•..................•.......•.
November ••...•..•..••.•.•.....•..•..•.•........................•.
December ••.•••.•.....•.•.•.•...•••........•.....................•.

900.00
610.00
67,000.00
522,400.00
331,000.00
67,000.00
74,350.00

297,718,058.00
297. 710,558.00
297, 700, 008. 00
297, 689, 008. 00
297,689,008.00
297, 688, 398. 00
297, 621, 398. 00
297, 098, 998. 00
296, 767, 998. 00
296, 700, 998. 00
296, 626, 648. 00

Total ••••••••...•.•.•..•............•....................•...

1, 146, 942. 00

296, 626, 648. 00

January ...•.•...•...•.•.•.•.•...•...•.•..•••.•.•.•.....•.••••••••..
February •....•..••...••....•....•...•...•••...•...•.•••.••.•..•..•
March .••.•••••••••.••.••••.•....•.•...•.••..•.••....•.•.•...•.•.••
May ..•.....•••.•.....•.•.....•....•.•.•••.•..............•••.••••.
June ....•.•...•••..•..•••...••..•..•.•••.•.•..•••..•.•••.•.•..•••..
August. .•.•..••....••.........•..........•...•.•.....•.•.•......•..
September .•.••..••.••••....•.•..•.•...••......•....••.••.....••..
October ......•.••...•..............•...•.......•...•.•••...........
November •••••.•....••.•••........•.•.•••..••.•...•.•••••••.•..••.
December.•••..••..••..•••.••..........•••............•••.•.••••...

742. 00
435.00
189,000;00
20,000.00
2,760.00
190,500.00
228,500.00
236,000.00
102,000.00
174,000.00

296, 625, 906. 00

Total. •••••••.•.•.....•.•......•........... •·················

1, 043, 937. 00

295, 582, 711. 00

I

228,500.00
6, 126, 000. 00

295, 3M, 211. 00
289, 228,211.00

I

6, 354, 500. 00

289, 228, '211. 00

10, 756, 788. 00

289, 228, 211. 00

55,532.00
7,500.00
650.00

20,000.00

,

1936

296,625,471.00
296,436,471.00
296, 416,471.00
296, 413, 711. 00
296, 2'23, 211. 00
295, 994, 711. 00
295, 758, 711. 00
295, 656, 711. 00
295, 582, 711. 00

,
,

1937

January••••......•...•••••................•...•...•..•..........•..
March .•••..........•..•...........................................
Total, first quarter ••••....................•...........•......
Grand total..............

300, 000, 000. 00

209, 984, 909. 00

I

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REPORT OF RECONSTRUCTION FINANCE CORPORATION

61

6.-Amount of authorizations, disbursements, repayments, and amounts outstand-ing from Feb. 2, 1932, to Mar. 31, 1937, inclusive, by classes and months 1Continued

TABLE

TOTAL, ACT APPROVED MAR. 9, 1933, AS AMENDED

[Loans on and subscriptions tor preferred stock, and purchases of capital notes or debentures, of banks and
trust companies]
Amount author•
ized 2

Year and month

Amount dis•
bursed

Amount repaid

Amount out•
standiDg at end
of period

$264,346,216.67
673, 6.57, 834. 23

$145,975. 00
73,873,817. il0

$26-l, 200,241. 67
Sli{, 984, 258. 60

15,054, 300. 00
2, 536, 250. 00
3, 077, 500. 00
1, 673, 400. 00
5, 269, 650. 00
5, 893, 600. 00
7,313, r,oo. oo
3, 985, 700. 00
I 16,322,000.00
1, 587, 500. 00
5, 746, 000. 00
13, 751, 864. 00

15, 460, 560. 00
27, 135, 72.5. 00
9, 155, 660. 00
4,831,000.00
5,525,975.00
6, 782, 063. 33
3, 027, 500. 00
6, 13fi, 150. 00
9,412,375.00
4, 938, 380. 00
2, 828, 500. 00
7, 130, 400. 00

5,465, 754. r,9
5, 211, 054. 83
2, 225, 100. 43
7, 648, 9,56. 50
3, 439, 690. 27
4,218,296.79
6, 563, 589. 35
5, .551, Tl4. 93
7,696,276.26
2,406, 767. 78
2, 340, 578. l 8
17,169,914.93

873, 979, 063. 91
895, 903, 734. 08
902, 8il4, 293. 65
900, 016, 337. 15
902, l 02, 621. 88
904, 666, 388. 42
901, 730, 299. 07
902,313,714.14
904,029,812.88
906, 561, 425. 10
907,049,346.92
897,015,831.99

a 82, 211, 204. 00

102, 969, 288. 33

69, 937, 714. 94

897,015,831.99

January....•••••••••.•••••••...
February ••••••••••••••••••••.•
March ••.••••.•••••••••.•.••.••
Apr'! ..••••••••••.••.••• ·•••••·
\fay···························
June .•.•••.••••••.•..•.•••••••.
July ....••.••••.•.•.•...•••..•.
Augu!!t ..•.••••.......•••..••.•
September ••••••••.••••.••••••.
October .•••.••••••••....•••.•••
X ovember .••••••..•.•...•••...
December••••••••••••...•.•••..

661,250.00
I, 055, 000. 00
1, 682, 500. 00
85,000.00
2,367, 500. 00
932,450.00
25,000.00
10,000.00
56,000.00
60,000.00
425,000.00
1,430,000.00

12, 748,114.00
1, 179, 200. 00
1, 867, 400. 00
7, 109, 000. 00
.560,000.00
1, 578, 950. 00
502,600.00
3, 025, 000. 00
2, 0:12, 500. 00
1,010,000.00
75,000.00
606,000.00

6, 078, 905. 27
18, 228, 664. 57
12,170,087.42
7,400,914.95
a 5, 406, 472. 58
3 53, 774, 430. 94
3 99, 260, 633. 87
• rn, 100,510.19
3 5, 807, 409. 81
38,892,765.91
3 7, 169,660.65
'32,393, 751. ll

904, 685, 040. 72
887,635,576.15
877, 326, 888. 73
877, 034, 973. 78
872,188, 501. 20
819, 993. 020. 26
721,234,986.39
705,159,476. 20
701, 384, 566. 39
693, 501, 800. 48
686,407, 139. 83
654, 619, 388. 72

Total ••.•••••••••••••.•..

8, 789, 700. 00

32, 293, 764. 00

274,690,207, 27

654,619,388. 72

January••••••.••••••••.••••••••
February .••••••••..•.••••••••.
March •••.•••.•••••.•.••.••••••

190,000.00
870,000.00
25, 037, 500. 00

360,000.00
640,000.00
1, 035, 000. 00

13, 887, 496. 53
9, 552, 002. 94
• 3, 692, 363. 03

641,091,892.19
632, 178, 899. 25
629, 521, 536. 22

Total, first quarter•••••..

26, 01!7, 500. 00

2, 03fi, 000. 00

27, 132, 852. 50

629, 521, 536. 22

Grand total. •••.•....•... 1, 270, 565, 389. 00

1, 075, 302, 103. 23

• 445, 780, 567. 01

629, 521, 536. 22

193-3•••••••••••••••••••••••••••• $496, 556, 000. 00
1934•••••••••••••••••••••••••••• I 3 656, 910, 925. 00
1935

January .••••••...••...••••••••
February .•••.•..•.••..••..••.•
March •••••..••...•.•..••••••••
April .••••••..•••••..•.••••••..
May ...........................
June .•••••••••••....•.•.•..•...
July ...•.••••••....••.•••.•....
August. .••••••.............•••.
September ••.....•...••....••...
October •.••••.•.•....•....••.•.
November •••••.....•.•••...•..
December·········-···········

Total ....................
1936

-

1937

6

LOANS ON PRBFBIIRED STOCK OF BANKS AND TRUPT O0!4PANIBS

[Under the act approved Mar. 9, 1933, as amended)
1933............................
1934............................

$10,689.500. 00
11,524,855.00

$7, 848, 100. 00
7, 823, 525. 00

$58,675.00
1,478,513.37

$7, 789, 425. 00
14, 134, 436. 63

l======l======l=======I======

1935

January........................
296, 300. 00
February......................
156,750.00
March.........................
73,500. 00
,. priL........ ••.••••..••••••••.
41, 900. 00
May...........................
124,650.00
June. • • • • • • • • •• . • •• • • . • • • • • . • ••
12, 600. 00
Jnly ...•••••••••••••••.•••••.•••
107,000.00
Au~ust.........................
40,700.00
September.....................
67,000.00
October........................
55,000.00
Xovember •••••••••.••••....•.•.••••••••••.••••••
December••••••..•••• •········· ·•·••••• ••••·•·•··

Total ...•................

975,400.00

170,350.00
15,000.00
13,500.00
25,000.00
74,500.00

62,256.50
403,340.27
28,106.00
113,696.43
304,107.36
59,953.37
132,321.52
199,078.18
87,254.93

14, 492, 498. 01
14, 676, 288. 18
16,307,537. 76
15,307,281.26
15, l 63, 940. 98
15, 296, 834. 98
15, 183, 138. 56
15, 049, 381. 19
15,004,427.82
14, 885, 606. 30
14,711,528.12
14, 698, 773. I II

2, 277, 905. 00

1, 713, 568. 44

14,698, 773. 19

511,130.00
328,025.00
657,400.00
62,000.00
260,000.00
161,000.00

153,068.62
144,234.83

26,150.43

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62

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorizations, disbursements, repayments, and amounts outstanding from Feb. 2, 1932, to Mar. SJ, 1937, inclusive, by claases and months'Continued

TABLE

LOANS ON PREFERRED STOCK OF BANKS AND TRUST CO:llPANIRs-Contlnued

Year and month

Amount Ruthor•
ized 2

Amount dis•
bursed

Amount repaid

Amount out•
standing at end
of period

1936

January........................ .....•.....•......
$40,000.00
February...................... .•.•..............
5,200.00
March.........................
$85,000.00
75,000.00
April.. ....................••....•.•.•.....•.......•..............•.
May........................... .......•.•........
55,000.00
June.............................................
24,000.00
July .....•..............•.........•..•••...............•••..........
Au~ust. ....•.........•.•............•••.•..•..•...............•....
September ..........................•..•..•........................
October.............................•••.•.................•........
November _____________________ -----------------------------------December.........•...•...•.•...............•......................

$112, 473. 20
332,696.64
128,408.70
243,694.95
32,272.58
105,520.94
56.900. 28
218,798.94
83,838.15
112,815.71
37,900.78
•U,026.98

$14,626,299.99
H, 298, 803. 45
14,245, 394. 76
14,001,699.80
14, 024, 427. 2"2
13, 942, 906. 28
13, 885,997.00
13,667,198.06
13, 583, 359. 91
13,470. 544. 20
13, 432, 643. 42
13,358,617. «

199,200.00

1,539,355. 75

13. 358,617. «

JanuRry .•..........•••••.•...................•..........•••••..••.
February......................
JOO, 000. 00 .........•........
March ....................•........................................

393,972.11
308,193.92
133,340,53

12, 964, 645. 33
12,656,451.U
12, 623, 110. 88

Total ••.......••••••..•..

85,000.00

1937

Total, first quarter.......
Grand total..............

I 735, 506. 56
100. 000. 00
12, 623, 110. 88
=======1°======!=======1==
23,374,755.00
18, 148, 730. 00
I 5, 525, 619. 12
12, 623, 110. 88

SUBSCRIPTIONS FOR PRRl'RBRED STOCK or BANKS AND TRUST COllPANIBS
[Under the act approved Mar. 9, 1933, as amended)
1933............................
1934 ....................••......

$262,881,400.00
450,862,170.00

$140,353,916.67
457,477,500.23

$87,300.00
7, 030, 342. 50

$140, 26/l, 616. 67
5GO, 713, 783. 40

I 2, 926, 500. 00
2, 236, 000. 00
I, 602, 000. 00
l, 403, 500. 00
5, 065, 000. 00
5, 462, 500. 00
6, 027. 500. 00
3,114,000.00
10, l 00, 000. 00
I, 220, 000. 00
5, 676, 000. 00
13,746,864, 00

13, 944, 430. 00
24, 207, 700. 00
7. 823,260.00
4, 696, 500. 00
4, 150, 975. 00
6, 226, 063. 33
2, 155, 000. 00
5, 597, 300. 00
2, 986, 375. 00
4,515,880.00
2, 528, 500. 00
7,006, 900. 00

835,447.50
l, 235,320.00
911,450.00
483,700.00
l, 992, 850. 00
586,400.00
3, 426, 892. 92
3,267,627.57
2, 117,438. 68
l, 297,540.83
529,000.00
13, 689, 160. 00

603, 822, 765. 90
626, 795, 145. 90
633, 706, 955. 00
637, 919,755.00
640, 077, 880. 00
645,717,544.23
644, 445, 651. 31
646, 785, 323. 74
647,654,260.06
650, 872, 599. 23
652, 872, 099. 23
646, 189, 839. 23

68, 578, 864. 00

85, 838, 883. 33

30, 362, 827. 50

646, 189, 839. 23

12,668,114.00
1,020,000.00
l, 732,400.00
7,105,000.00
4.55, 000. 00
1, 499, 950. 00
472,600.00
3, 025, 000. 00
2,000,000.00
l, 000, 000. 00
75,000.00
550,000.00

3,026,337.50
13,039,981. 75
11,519,965.00
5,216,470.00
3,452,200.00
48, 964, 410. 00
I 70,777,400.00
I 16,805, 286. 26
I 4,103,896.66
1 5,345,896.18
I 5,582,595.00
1 22,513,321.51

655,831,615.73
643,811,633. 9'l
634,024,068.98
635, 912,598.98
632,915,398. 9S
585, 450, 938. 9S
515, 146. 138. 9S
501, 365, 8.~2. 73
499, 2'11, 956. 07
494, 9111, 059. 89
489,408,464.89
467,445,143.38

13

1935

January ...•.•.......•..........
February ..................... .
March ........................ .
April. ......................... .
May ..............•....•....•..
June ....•......................
July .............•.•.........•..
Au~ust. ...•.............•......
September .........•.........•.
October...................•....
November .......•.............
December .....•.....•...•..•••.
Total. •......•. ··••--····

I

I

1936

January........................
f,06, 250. 00
February......................
l, 02f>, 000. 00
March.........................
l, 590, 000. 00
April...........................
85,000.00
Msy ....•......................
2,300,000.00
June...........................
917,450.00
July •.•.•....•.......••••.••••.•.••...............
Au~st.........................
10,000.00
September.....................
50,000.00
October........................
25, 000. 00
November.....................
42,o_ 000. 00
December......................
l, 400,000.00
Total. .. ........•...•...•
1937

January........................
February......................
March.........................

1--------1-------

8,433,700.00
31,603,064.00
210,347,759.85
467, 44n, 143. 38
l = = = = = l = = = = = l0=====l=====c:,==

325,000.00
9,917,297.83
457. 852, S4a. 55
640,000.00
7,476,963.90
4iil, 015, 881. 65
1 2,230,819. fJO
1,035,000.00
449,820,062.65
1------,------1-------1 I 9, 625, 080. 73
25, 977, 500. 00
2, 000, 000. 00
449. 820, 062. 65
170,000.00
770,000.00
25, O'l7, 500. 00

Total, first quarter.......
Grand total. .••••........ i==8=16=,=733=,=63=1=.O=O=l==7=1"=,,=273=,3=7=3=.?=3~i==,=26=7=,=453=,3=1=0.=58=ll==-14=9=,=8=20=,=0i=,2=.=65
See footnotes at end of table.

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Google

REPORT OF RECONSTRUCTION FINANCE CORPORATION
TABLE

63

6 .-Amount of amhorizatiom, diaburaements , repayments, and amounts out-

Btandi~g from Feb. !IJ, 1932, to Mar. 31, 1937, inclusive, by classes and months

1-

Continued

PURCHASES 01' CAPITAL NOTES OR DBBBNTURBS OF BANKS AND TRURT COMP.\',JER

(t,Tnder the act approved Mar. 9, 1933, as amended]
Year and month

Amount author•
ized •

1933.. ··-- - •••••••.••••••••••••.
11134.••.• _ ..................... .

$222, 985, 100. 00

Amount out•
standing at end
or period

194, 523,900.00

$116,144,200.00
208, 356, 800. 00

1,832,500. 00
143,500.00
1,402,000. 00
228,000.00
80,000.00
418,500. oo
1,179,000.00
831,000. 00
6,155,000.00
312, 500. 00
70,000.00
5,000. 00

1,005. 000. 00
2,600,000. 00
675,000.00
72,500. 00
1, ll5,000. 00
395, ooo. oo
I, 472,500.00
367, 500. 00
6,411,000.00
409, 000. 00
275,000.00
55,000.00

4, 477, 238. 57
3,831, 500. 00
1, 287, 500. 00
7, 103,000. 00
I, 043, 500. 00
3, 603, 700. 79
3, 023, 000. 00
1, 990, 000. 00
5, 518, 884. 21
976,905.43
I, 612, 500. 00
3, 393, 500. 00

255, 663, 800. 00
254, 432, 300. 00

40,000. oo
154,000.00
60, 000. 00
4,000.00
50,000.00
55,000. oo
30, 000. 00

1,940,094.57
4, 855, 986. 28
527, 713. 72
1,940,750.00
• 1, 922, 000. 00
3 4, i04, 500. 00
• 28, 426, 324. 59
• 2,076, 425. 00
• 1,619,675.00
• 3, 434, 054. 02
• I, 549,164.87
• 9,806,403. 62

234, 227, 125. 00
229, 525, 138. 72
229, 057, 425. 00
227,120,675.00
225, 248, 675. 00
220,599,175.00
192,202,850.41
190,126,425.41
188,539,250.4 1
185, 115, 196. 39
183,566,031.52
173,815,627.90

March.........................

ApriL... ......................

May...........................
June.··---·--..................

Total....................

Amount repaid

$116, 144, 200. 00

$65, 364, 961. 43
259. 136,038. 57
t======!·======i=======!===== =

1935
1anuary ---········· .. ·.........
February_-·-·-·-·-··..........

1uly. _____ • ......... ............
August.........................
September..... ................
October.... ... .................
November.....................
December......................

Amount dis•
bursed

253, 819, 800. 00
246, 789, 300. 00
246, 860,800.00
243, 652, 009. 21
242, IOI, 509. 21
240, 479, 009. 21
241,371, 125. 00
240,803,219.57
239, 465, 719. 67
236,127,219.57

1-------·1-------1-------•1------12,657,000.00
14,852,500.00
37, 861, 319. 00
236,127,219.57

1936
January·---············ .. ······

55, ooo. 00
30,000.00
7, 500. 00
..................
67,500.00
15,000.00
25,000.00

February __ ....................
Maroh. . . • • • • .. . • • ••• .. . . .. . . ..
April .... _......................

May.... . .............. . .......
June .. ----···---···-·· ·· ·······
July•..• ____ ....................
August ............................................................ .

September_··-- ·-····· .. ···....
6, 000. 00
32,500.00
October ___ ..... ............. ...
35,000. 00
10, 000. 00
November __ ...................................................... .
December........ ... ...........
30,000. 00
56, 000. 00

Total ................... .

271,000.00

491,500. 00

62, 8m, 091. 67

173,815,627.00

20,000.00

35,000.00

3, 576, 226. 59
1, 767, 835. 12
• I, 428, 203. 50

170,274,401.31
ms, 506, 566. 19
I 67. 078, 362. 69

35,000.00
20, 000. 00
• 6. 772, 265. 21
l======l======I====
430, {57,000. 00
339, 880, 000. 00 I 172,801,637.31

167,078,362. 69

1937

January.. ... ... . ...............

February ._ •. .................. ....................................
March ..... ··-······-·········· ................................... .
Total, first quarter.......
Grand total..............

167. 078. 362. 69

TOTAL, SEC.~. TITLE I, OF THE AGRICULTURAL ADJUSTMENT ACT OF 1933,
AS AMENDED
(To Secretary of Agriculture to acquire cotton!

1933--········---·············..
11134-····· .• ···-····--·-······..

Grand total---·-·········

$3,500,000. 00
20,000,000.00
,--·-----,
23,500,000.00

$3, 300, 000. 00

3. 300, 000. 00

~. 300, 000. 00
3,300,000.00 ................. .

TOTAL, SEC. 36, TITLE II, OF THE EMERGENCY FARM MORTGAGE ACT OF 1933,
AS AMENDED
[Drainage, levee, Irrigation, and similar districts, etc.]

1933-····
·······-·····-·········
1934 •••••••••••••••. _. ..........
1937
Jantlllf'Y....................... .

February ........ -·--··-------.
March ........................ .
April.. . . ............ . ......... .
. May ......................... ..
June ...•••• ·····---· - · · · · ·· · · • •
July ...... ········-···- ........ .

11

$7,039,114.08
53, llG, 608. 36

$2,413,955.10
9, 884, 268. 86

··········•·······1

612,499.60
837,211.49
310,'Jffl. 55
306,500.00
1,891,521.03
634,361.85

3, IJ2, 439. 32
1,5118, 295. 53
(, 313, 854. 15
2, 243, 299. 68
2, 307, 790. 81
1, 780, 896. 22
1,588,310.88

----------------------------------28,000.00
----------------------------------2,827.88

t======l= = = = = =ls==

1

431 , 600. 00

$44. 09

1, 000.00

$2. 413, 955. 10
12. 298, 179. 87
15. 409, 619. 19
16,977,914. 72
21,291. 768. 87
23. 507, 068. 55
25. 814,859.36
27. 59-5, 755. 58
29, 181,238.58

See footnotes at end of table.

Digitized by

Goog Ie

64

REPOHT OF HECONSTHlJCTION FINANCE COHPORATION

TABLE 6.-Amount of authorirntions, disbursements, repayments, and amounts om-

stnnding from Feb. 2, 1932, to Mar. 31, 19J?, inclusive, by classes and months 1Continued
TOTAL, SEC. 36, TITLE II, OF THE E~IERGENCY FARM MORTGAGE ACT OF 1933
AS A:.\lENDED-Continued
Amount author-

Year and month

ized

All!!ll:::t _________________________
Septem her _____________________
October ___________________ - ---N ovemher _____________________

December_-·· .. _._ •..... _...•• _
Total .•...•.••••. -·······

2

Amonnt dis•
J1ursed

Amount repaid

Amount out•
standing at end
of period

$11. 500. 00
9,fiC0.00
428. 37
447. 24
21i, 000. 00

$32, 790, 023. 72
34. 17.5, 499. 81

liti'.!.4fi0. 80
I 11, 722, 301. 51

$3,620, 2~:\. 14
I, 3!1,5. 076. 09
8,910,430.42
2, 403. 206. 94
4, 5(11, 621. 67

33,414. 61\.1. 49

37, 8M. 500. 85

78. 803. 49

50, 024, 883. 23

• 515, 42-5. 31
34,153.945. 71
3 5, f,33. 837. 67
4, 977, 175. 80
820,442.23
5,273.819. 24
2, 009, 470. 64
3, f>5fi, IJOO. 49
I I. SRI, 502. 59
I, 134, ~14. 10
1, ~fiR, 278 . .54
!, 075, 103. 24

1,787,345.64
73, 3lfi. 48
I. 58~. 205. 64
1,320,012. 21
.531, 045. 06
004, 430. :is
4, 0:12. 732. 09
901,007.28
837,089. 72
902. 784. 62
53.,, 028. 02
1, 346, 261. 49

'}fl, 049. 98
6.000. 00
20. r.oo. oo
27, U86. 25
20,517.00
17,001..W
4~. 444.09
43,994.17
38,417.28
27,226.09
74,641.19
I 157,832.00

61,785,178.89
51, 8.52, 524. 37
S3, 420, 230. 01
54, 712, 255. 97
55, 222, 784. 03
56, 110, 212. 82
60, I 00, 500. 82
60, 958, 113. 93
61, 756,786.37
62, 632, 344. 90
6.3, 095, 731. 73
64,284, 161. 22

32,627,215.56

14, 762. 887. 63

503,609.64

64, 284, 161. 22

757,384, 66
1. 91.5, 811. 48
2, 020, 235. 62

885,807.12
I, 397,031.81
1,248,609. 10

6. 368. 94
29,o:!5.00
'36,058.96

65, 163, 599. 40
66,531,596. 15
67, U4, 14~. 29

'$1,377,410.04
571,201.74
• 14,057,310.98

I

43, 085, 501. 86
45, 438, 261. .56
50, 024, 883. 23

1936

January __ •••••. -· •.••••........
February .. ····- .•.•••••.......
March_ .•••...•...•..... _.... ·April___ .. _.••.••••.•...........
May._ ..•.••...••.........•...•
June .••••••.•.•.....•...•.•....
July-··- .............•.•••.. _.. _
Au~ust_ __ . _....... _.•.... _.... _
September .......•.••...•.•..•.
Octoher __ --········--·-········
November .......••...••..••• -·
Dee.ember.-·· ...•••••.•••••.••.
Total. •.••••••.••••......
1937

January .. _••........• _..••.• -··
Febru,1ry ...•.... -··- -· __ -···-·
March ...... ·-··· ...•. _.-·····Total, first quarter ....•••

4,693,431. 76

3, 531, 448. 03

'71. 462. 96

67. 744,146.29

Grand total ...• ·-········

130,891,033. 25

68, 398, 066. 47

' 653, 920. 18

67, 744, 146. 29

TOTAL, ACT APPROVED JUNE 10, 1933. AS AMENDED
1933 •••••••••••••••••••••••••• ·1934 •••• _••••••••••••••••••• ···-

$4, 375, 000. 00
25, 850. 000. 00

$4. 375, 000. 00
25, 850, 000. 00

$92,000.00

l======l======le=====

$4, 37 5, 000. 00
30, 133, 000. 00

1935

January .•••.•.• -...••.....•••••.•••••...... ··-· -· -·················
AugusL .... ·-···-·············
150,000.00
150,000.00
Total. .. ··-··············

150,000.00

150,000.00

100,000.00

30, 033, 000. 00
30, 183, 000. 00

100. 000.00

30, 183, 000. 00

1936

JanuarY-·-·········-·-···-····- .•.....•.•.•....•.
May·····-·········-···-······· ··-···············
June .......•.. ·-··-······--·-··-·················
1uly -----·····-·······-········- ··············---AugusL-·-···············-··--4,000,000. CO
Octoher _._ .......••.• _....••• __ ···-··········--·November ..•..••...•.......... ········-···-···-·
December--···················· -·········-·-·····
Total •••••••• ····-·······

4, 000, 000. 00

..................
-······-··········
.•.............••.
······-----·----·4,000,000.00

·······-·--·······
.•••..••....•••...
······----··-----·

100,500. CO
1,827.86
56. 95
121i, 000. 00
·····-·------····350. 000. 00
320. 55
14,000,672.14

4, 000, 000. 00

30, 082, 500. 00
30, 080, 672. 14
30. 080, 615. 19
29. 955,615.19
33,955,615.19
33,605,615. 19
33, 605. 294. 64
29, 604, 622. 50

4, 578, 377. 50

29, C04, 622. 50

1, 235, 000. 00
• 14,250.00

28, 369, 622. 50
28, 355, 372- 50

• I, 249, 250. 00

28,365,372.50

019, 627. 60

28, 3M, 372. liO

1937

1anuary••••••••••.•.•.•••••.•••••.•.•••.•....•..•..•••••••••••••...
March •••••••••••••••••.•••••••.•••••.....•....•.....•..•.••.••....
Total, first quarter.••• _•• ·····-···-·······- ·················Grand totaL.·-·-········

34, 375, 000. 00

34, 375, 000. 00

6 6,

See footnotes at end of table-

Digitized by

Google

REPORT OF RECONSTRUCTION FINANCE CORPORATION

65

6.-Amount of au.thorizatiom, disbursement&, repayments, and amounts out.:
slanding from Feb. 2, 1932, to Mar. 31, 1937, inclmive, by classes and month& L Continued

TABLE

Lo.Uf8 ON PREFERRED STOCK 01' INSURANCE COIIPANIEB

[Under the act approved June 10, 1933,
Amount dis•

Amount author•
ized •

Year and month

1933.•.•. · - ------·-····--··--·-·

11m·-··-····-·· ·······--···--··

BS

burse<l

$4,375.000. 00
25. 750, ooo. oo

amended)

Amount repaid

$4, 375,000.00 •·••••••·••·•·••··
25, 750. ooo. oo
$92, ooo. oo

$4,375.000. 00
30,033, ooo. oo

l======l======l=======I======

1935
Janaary •••• -----·--·········· ...••.•.•. ...... ... • • •• •••.. . ... .... ..
August •.• _.....................
150, 000. 00
150, 000. 00

Total •••••••••••••••••••..

Amount out•
standing at end
of period

150, 000. 00

150, 000. 00

1936

100,000. 00

29. 933, 000. 00

30, 083, 000. 00
100,000. 00
30, 083, 000. 00
l======I======

Janwir:v........................ ..•.•..•.....•.... ....••••........•.
100, ,100. 00
May .•... ••• •• · ••...•.•.............•........... .. •. .... .......••..
1,827.86
June. ···· ·····-·········-······ .......•.......... ....•.....•......•
56. 95
July ..••.••••••••.••••••.•.•• ,.. .••• .. . . . . . . ...... .••..•••. ....... ..
125,000.00
August····· · ······- ············
4,000,000.00
4,000,000.00 ...•••••..........
October ••.••• -· ••••••.• ····---. . . . . . . . . . . . . . • . •. . . . . . .. . . . .. . . . . .. .
350, 000. 00
Nocember ••••••.•...••.•. ·--·· .......••....•..•. ....••.••.......••
320. 55
December••••• ·-··········-···· ......••.....•..•• ..••.•...........•
• 4,000,672.14

29, 982, 500. 00
29, 980, 672. 14
29, 980, 615. Ill
29, 855, 615. 19
33,855,615, 19'
33,505,615.19'
33, 505, 294. 64
29, 504, 622. 50

Total. ••••••• ·-·-·-···-·· l==4=,=000=,OOO=·=OO=l,==4,=000=,=000=.00=· l==4=,5=7=8,=3=77=.=50=l,==29=
, 504=•=6=22=.=50
1937

January.·--···-······-·······-· .......•.••.. . ... • ·······-··········
March. _.. . .................... . . . . . . . . . . . . . . . . •. . . . • . . .. .. •. .• .• . .
Total, first quarter................... . . .... . . ...... .... ......
Grand total.. ••••••••••••

34, 275, 000. 00

34, 275, 000. 00

1,235,000.00
1 14, 250. 00

28,269,622.50
28, 265, 372. 50

f--------1- - - - - - 1

1,249,250. 00

28,255,372.50

• 6,019,627.50

28,255,372.50

SUBSCRIPTION l'OR PREFERRED STOCK 01' AN INSURANCE COMPANY

[Under the act approved June 10, 1933, BS amended)

<.;l········ 1---$_1_00_,_ooo._oo_

11134 ••••..••••••• ····-·-·····-·· f--_ _s_100_,ooo_._oo_"__s_1_00_, _000
___
· 00_1 · .••.•••

Grand total .•••••••••• -..

1000 000 00

100,000.00

100,000.00

TOTAL, ACT APPROVED APR. 13, 1934, AS AMENDED
(Loans to ftnance the repair of damage by earthquake, flood, or other catastrophe In 1933, 1934, 1935, and 1936)
111a1 ...••••••••••••••••••••••• •· 1=='=2,=150=·=000=·=00= ,==$=100=,4=3=0.=00=-t·=·=··=·=··=·=··=·=··=•=
· ·=·=-Il===!=t=oo=,=43=0=.oo=
1

1935

January... .................. .. ...................
41,950.00
$175. 00
Fehruary. ... .••••.. •.•••.. .... . . . . .•.•... ..•. ...
20,950.00 .••..•...........•
March..... . ................... .•.•.••......•.•..
2,000.00 .•...•.•.........•
April..... ..................... . .. ......... .. . .. . .
15,000.00
470. 00
May........................... .......... ........ . •. •••...•••.••...
150. 00
250. 00
1,420.00
300. 00
4, 400. 00
12,365.00

I, 249,350.00,

g':i.~c.::::::::::::::::::::::: :::::::::: :: :::::: ·······250:ooo:oo· ......... ~'.~:~.

11 0
~\ u

September.· · ······-··········· ............. .....
750,000.00
October •• . ············-········ .. .......... .. ..•. .••••. .... ••.... ..
No,·ember. . ....•..•...••......
150,000.00
3,000.00
December...................... . . . . . . . . . . . . . . . . . .
18, 385. 00
Total. •••••••• - - •••••••• ·-

150,000.00

1, 101,285.00

202,205.00
223, 155. 00
225,155.00
239,685.00
239,535.00
234,335.00
484,335.00
I, 234,085.00
I, 232, 665. 00·
I, 235, 365. 00
I, 249, 350. 00

I====== I====== I= = = = = = ! = = = = = =

See footnotes at end of table.

153608-37--5

Digitized by

Goog Ie

66

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorizations, disbursements, repayment,, and amounts outstanding from Feb. I!, 1931!, to Mar. 31, 1937, inclusive, by claBBll!S and monthB"Continued

TABLE

TOTAL, ACT APPROVED APR. 13, 1934, AS AMENDED-Continned
Amount autbor•
ized •

Year BIid month

Amount disbursed

Amount repaid

Amount out•
stBnding at end
of period

1936

1anuary........................
$50,000.00
February•.......................................
March ......................•....................
April...........................
629,517.00
May...........................
780,667. 75
June...........................
• 1,291,959.00
July .. ·····•·····•··•··········
195, 195. 00
August.........................
117, 505. 00
September.....................
62, 345. 00
October........................
46,575.00
November.....................
9R, 750. 00
December......................
80,750.00
Total ........••..........

3, 353, 263. 75

Total, first quarter.......

$5,848.25
327.93
1,971.23
7,354.14
34,307.46
5,347.19
4,882.72
973,124.98
JO, 054. 56
11,215.95
9,901.09
1 18,860.56

$1, 262, 651. 75
1, 268, 823. 82
1, 279, 277. 511
1, 289, 613. 45
1, 610, 550. 99
1,m,465.03
2, 006, 907. 73
1,293,410.68
1,409,487.12
1, 498, 374. 05
1, 664, 722. 96
1, 789, 714. 32

1, 623, 560. 38

1,083,196.06

I, 789,714.32

l======l======l=======I========

1937

January........................
February.......................
March.........................

$19, 150. 00
6,500.00
12,425.00
17,690.00
355,245.00
172,261.23
234,325.42
259,627.93
126,131.00
100,102.88
176,250.00
143,851.92

15,900.00
6,325.00
21,500.00

65,738.25
55,708.59
24,625.00

1-------1-------1

Orand total..............

43, 725. oo

146,071.84

5,696,988. 75

3, 031, 347. 22

I

15,081.27
16,597.33
15,489.55

1

47,168.15

1,840,371.30
I, 879,482. 56
1,888,618.01

I, 888,618.01

l======l======l=======l=======1

1, 142, 729. 21

1,888,618.01

TOTAL, SEC. 14 OF THE ACT APPROVED JUNE 19, 1934, AS AMENDED
[Loans to borrowers engaged In the mining, milling, or smelting or ores]
1935

February......................
$168,000.00
March.........................
432,000.00
April...........................
3,000,000.00
May...........................
440,000.00
June...........................
541,000.00
July...........................
750,000.00
August.........................
348, 000. 00
September.....................
545,000.00
October......................................... .
November. • ... . . . . . . . . . . . . . . . .
60, 000. 00
December......................
23, 000. 00
Total ••........•......•..
1936

6, 307, 000. 00

1937

JBnuary........................
February......................
March.........................
Total, first quarter.......
GrBnd total ............. .

•·••••••••••••••·•
···••·•·•••·••••··
••··•••··•••·•••·•
. . • . .. • • • • • • • • • • . .
. . .. ..•••••• .• • •. .
. • • • •• •• • • • • • • . • . .

$8,000.00
280,000.00
345. 000. 00
664, 000. 00
775, 000. 00
833, 000. 00
845, 000. 00

$15,000.00

917,000.00

15,000.00

917,000.00

932,000.00

l=====l=====l======I======

January........................
335,000.00
February......................
185,000.00
March.........................
366,000. 00
April...........................
275,000.00
May...........................
694,000.00
June. . . .. . . . . . . . .. . . . . . . . . . .. ..
• 186, 500. 00
July...........................
140,000.00
August. ...........................•..............
September.....................
837, /iOO. 00
October........................
252, 500. 00
November.....................
20,000.00
December......................
39,000.00
Total. .......••••.•.•....

$8,000.00
272,000.00
65,000.00
319, 000. 00
111, 000. 00
58, 000. 00
12, 000. 00
87,000.00

3, 330, 500. 00

20,000.00
15,000.00
103,000.00
33,000.00
41,000.00
17,000.00
80,000.00
308,000.00
132,000.00
73,500.00
47,000.00
71,000.00

80,000.00

40,000.00
305,000.00
25,000.00

857,000.00
872,000.00
975,000.00
978,000.00
979,000.00
691, 000. 00
746,000.00
1, 054, 000. 00
1, 186, 000. 00
I, 259, 500. 00
1, 306, 500. 00
1,337, 500. 00

520, 000. 00

1, 337, 500. 00

30,000.00

1, 344, 500. 00
1, 363, 500. 00
1, 458, 783. 51

- --------· ------------------------30,000.00
- -------------------------------------------------------------------• 40,000.00

940,500.00

l======l•======l=======I======
650, ooo. oo
373,000.00
40,000. oo

37,000.00
19,000.00
148,000.00

-----------------52, 718. 411
I

1-------+--------i-------1------963,000.00

204,000.00

10, 600, 500. 00

2, 076, 500. 00

82,716.49

1, 458. 783. 51

617,716.49

I, 458, 783. 51

I

l======!======i=======I======
I

See footnotes at end of table.

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67

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorizatiom, disbursements, repayments, and amounts· ou~
atanding from Feb. e, 1982, to Mar. SJ, 1937, inclusive, by classes and month8 1Continued

TABLE

TOTAL, SEC. 16 OP THE ACT APPROVED JUNE 19, 1934, AS AMENDED

[Loan-to; public-school authority for payment or teachers' salRries due prior to June 1, 1934)
Amount author•

Year and month

izedl

1113L.. ·-······················
Grand total ••••••••••••••

Amount disbursed

Amount repaid

Amount out•
standing at end
of period

$22, 500, 000. 00

$22, 300, 000. 00

$22, 300, 000. 00

---------------- --

22, 500, 000. 00

22, 300, 000. 00

22, 300, 000. 00

------------------

TOTAL, ACT APPROVED AUG. 24, 1935
[Loans")o or for the benefit of tu-supported public-school districts, or other similar public-school author!•
ties, in charge of public schools]

193G
January ,. _________________ .___

$383,000.00
80,800.00
72,000.00
208,500.00

February······--·---·---··-··-

March.·-·······--·------·-····

ApriL ••• ·---······---·----·····

----------------··
··-···············
...•...•...•....••
...•.....•.•...•.•

····--·········--·
······---···-·····
·-···-········-···-···-···-········

·····-············
····--·······-····
····-········--···
.•. ···-·--···· ••••

May-····-···---·-·········· ... ··------··· -·· ••... ··- ···--- ••.•..•• ----·- •.•.•.....•... ·-·---· ..... -·-·
June_·····-···-··-·---·-_·--...
61,000.00 .. ·-··-·-· •••.• ·-· •.•.•.....•.•.•.•. ········-· .. ··- ..•
July··-··-··----·-·-------·---·· ···-·· ..............••.• ·-· •... ··-·· ·-···· ........•..................• ·-

565. 000. 00 ·········-···•···· ....................... a ••••••••••••
·········-·-···--·
·····-·--···--·-··

August·-····-·-----·-·--·····-·

September.-····-·-----·-···--257,000.00 ··-··--··········· --·····-··········
October...•• ·-·--··----··-·---·
30,000.00 .......•.•.....•.....•.........••...
November_····-··-·-·-·-···--· ••••••...•........ ·····-····-······· ...•.........•..••
December-·-··-·····-·-·-··--··
181,000.00 ·········-········ ··-···············
Total ••••••••••••• ---····

January

11137
••• · ---·-·-······-·

March •••...•••••••••••••••• _..

·······--····-··- -

·····••··•···•••••
1, 838, 300. 00
1=======!======1°======1======
15,500.00
$53,420.47 ·-----·········-··
153,000.00 .•.....•••........
(')

$53,420.47
53,420.47

1-------1-------1-------1-------

Total, t1rst quartel'--··-··l===l68.=500=.=00=l,===53=,4=20=·=4=7=I====(•=)===1====53=,=420~.4=7
Grand total--·······--···
2,006,800. 00
53,420.47
(')
53, 420. 47
TOTAL, ACT APPROVED MAY 20, 1936

[ ~ to the Rural Electrification Administration]
193G
October -·····-··--·-·-·· -·····

TotaJ_ ·····--·----·--·--·

$1,000,000.00
$100,000.00 ····--···-·---·-··
$100,000.00
1------·1-------i---------1------1,000,000.00

1937
Febma-ry ···--·-----··-··---- ·-··---····-··-···
March_·····--·····- ···-·-· ··-·············-·

100,000.00 ··············-· ..

100,000.00

298,000.00

398,000.00

200,000.00
(')
598,000.00
l------+-------1--------1-------

Total, 1lrst quarter.•••••• l=·=··=··=·=··=·=··=·=··=··=·=·I===4=98,=000=·=oo=l,===(=•)===/====5=98=,000=.=00
598, 000. 00
(')
598,000. 00
1, 000, 000. 00
Grand total.-·--····-···-

See footnotes at en<!- or table.

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68

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorizations, disbursements, repayments, and amounts outstanding from Feb. 2, 19.J2, to Mar. 31, 1937, inclusive, by classes and months1Continued

TABLE

TOTAL, SEC. 5, RECONSTRGCTION FINANCE CORPORATION ACT, AS AKBNDBD

Amoum repaid
1934--January .• ·---··· ... ····-·····--· ······--··········-··········-·----··-·-·---·····--· $84,916,603. 7%

Amount ouhtanding
1934at end of period
Iauuary. --··-···-···-·----·············-·····--·--·-·····-----·---·--------·•--·-·· $1, 58-i, 948,081.03
February ... ·········•·-- •.•............................ ···•·•·······-······........ 1,561.608. 410. 57
March .•.... ·····-······· ........... ·····-···········-········ .•. ··-···-······-····· 1,498,941, 774.1!9

fil'it:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: t!~: ~!: ~: *

Inly.··-···-···············-··•··•·········-········· ... ·····-·············-·-·--··· 1,330,779.810. 60
August. ..•.•••..••... ·····-·· .........•.........•............•• ·······-······...... 1,291,973,457.09

i-:Pt~t~r~e~:::::::::::::::::::::::::::::::::::::::::::::: ::::::: ::::::::::: :::::::::: t ~~; ~~; ~~: :i:

Novemher·-···········-···························································· 1,285,376,518.24
December.············--···················-·······························-··-·--- 1,295,859, ~7. 08
INSURANCE COMPANIES

[Under sec. 5 ol the Reconstruction Finance Corporation Act, as amended]

Amount repaid
1934-Ianuary .• ··-·····················-·--·········-···--··---·---·-····· ··-·-··-········· $4. 897,081.31
Amount

outatandinq
at end of

1934period
January .. ········- ...•.••• ·····-· ....• ·············- .•....... ·-···--·····-·······-·--· $56,269,904.48
February.-···············•-•·· .............. ·····-·····-·······---·-----·-······-····· 54,059,261. 22
March ..........•....•... ···- ... •···················-·· .....•...• -·-······-····-···-··- 51,554.331. 78

ffit::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: i!: ~: 5: !

July_ ......•...............•..... ······································-····--·-·······
August_ ••...•.•......................•........................... ···---····-··········
September.............................................................................
Ottoher.................•..........•......•... ········-·····--···---···-·-·----·······November ............................•.........•.......• ·············-·············-··
December ••....... ·····-·-·····-··············-········----··-·-·············--··-····
TOTAL, ACT APPROVED MAR.

9,

32. 523,997.06
31,363,197.87
30,532,240.03
29,852,301. 13
29,249,814.31
24,745,456.88

19:U, AS AMENDED

( Loans on and subscriptions !or preferred stock, and purchases of capital notes or debentUI'8S, ol banks and
trust companies]
Amount authoriz6d
1934-Novem ber -·- ..... -· ... -· .• ·-···· •........•..••.• --····---· ··---· ·- ·- --·-·-·---······. $9,768,000.00
SUBSCRIPTIONS l'OR PREFERRED STOCI( 01' BANKS AND TRUST COKPANJES

[Under the act approved Mar. 9, 1933, as amended]

Amount authorized
1934-November •• _•.•..... _·- ..• ··-· •.•.. ·-····-···········-···-··········· ····-··········· $8,852,000.00
TOTAL, SEC.

1934-

36,

TITLE

II,

OF THE EMERGENCY FARM MORTGAGE ACT

or 1933,

[Drainage, levee, irrigation, and similar districts, etc.]

AS AMBNDED

Amount authorized

t~:~y ~=:::::::: :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: ,. rg~: ti·~~
~: ~t ~: :r
July.····-··-·········-·············--·····-·····························--····-···-···· 4,522,199.17
~~~·:::::::: ::: :: :::: :::::::::::: :::: :::::: :: :::: ::: :: :::::::::::: ::::: :: ::::::::::::::

Septem her.····-.-·-·---· ....•... -· •.•••.•...•...........•.•..•. ··-··- ... -·············· 6, 380, 334. 94

Figures, by months, for 1932, 1933, and 1934 are shown for all classes In table 6, of the report for the fourth
quarter ol 1936. Certain monthly figures for 1934 have been revised since the report for the fourth quarter
of 1936. These revised figures are shown below:
• These figures have been adjusted on account ol rescissions.
• Revised.
• Includes $W3,618,000 representing refinancing of loans previously made by the Corporation to Federal
land banks for different individual amounts, but in the same aggregate amount.
• Exclusive of repayments unallocated, pending advices, as of Mar. 31, 1937.
• Includes authorizations of $1,222,108,664.99 to Commodity Credit Corporation, of which $646,452,782.73
was disbursed and $566,765,113.55 was repaid.
I

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7.-Loans to aid in the reorganization or liquidation of closed bank11 and tru11t companies from Feb. 2, 1982, to Mar. 31, 1937, inclusive,
by Statea (includes loans to receivera, liquidating agentsJ.. and conservators, and loans through mortgage loan companiea to aid in the reorganiza-

TABLE

tion or liquidation of cloaed banks, under sec. 5 of the teeconatruction Finance Corporation Act, as amended; and loans on the assets of closed
banks and trust companiea under sec. 5e of the Reconstruction Finance Corporation Act, as amended)
-~

BANKS AND TRUST OOMP.A.NIES

All others

National•
State

Amount

authorized
.A.labama.... ·-·············Arizona .....................

Arkansas ............... ·-···

$1, 173, 300. 00
217,000.00
1, 785, 200. 00
13, 948, 484. 71
1,867, 950. 20

Amount with•
drawn or can•

celed

$382, 402. 20
62,000.00
293,401.29
2, 822. 693. 37
.all, 019.63

Amount
disbursed
$790,897.80
149,400.00
1, 428, 948. 71
11, 092, 001. 62
1, 428, 930. 57

Amount
authorized
$5, 107,812.46
247,500.00
8, 428, 363. 08
3, 366, 681. 44
71,500.00
3, 196, 000. 00

Total

.A.mount with•
drawn or can•
celed

Amount
disbursed

$2, 703, 'Jjj7, 89

$2, 404, 544. 57
130,301.73
4, 833, 682. 88
3, 073, 237. 54
68,548.30
2, 655, 765. 52

117,198. 'Zl
3, 564, 788. 72
293,443.90
2,951.70
540,234.48

California.....•............•
Colorado..•..........•......
Connecticut.. •.........•••.. ---------------- ---------------- ---------------District of Columbia ........ 16,300, 241. 35
1, 785, 448. 39
13, 215, 892. 96 ---------------- ---------------- ---------------Florida...•.•••.........•.•..
1, 866, 300. 00
720,503.82
1, 145, 796. 18
4, 955, 972. 27
3, 024, 308. 48
1, 931, 663. 79
Georgia ••••••.........••••••
513,800.00
204,631.45
309,168.55
4, 637, 195. 48
2, 031, 933. 06
2, 605, 262. 42
Idaho .•••••••........•••...•
364,206.73
3, 264, 193. 'Zl ---------------- ---------------- ---------------3, 628, 400. 00
Illinois..••.•......•......... 37, 451, 212. 96
28, 003, 213. 'Zl
8, 532, 919. 69
29, 869, 204. 86
10, 519,806. 51
18, 522, 073. 30
Indiana ............•.....•.. 21, 040, 426. 87
4, 302, 961. 65
16, 331, 178. 'Zl
5, 609, 924. 85
2, 395, 316. 55
3, 214, 608. 30

Iowa .............. _._ .......
Kansas ......................

fig:~~~~=================

0

cg:

N.

(1)
Q_

~

CJ
0

~

~

Maine .. _...................
Maryland ..................•
Massachusetts...............
Michigan_ •••••....•.....••.

~~Ei
~~~================
Montana
.•.••••.•••.••..••..
Nebraska .••...•••••.••..•..

11, 401, 002. 20
2, 'Ell, 700. 00
8, 956, 572. 41
336,300.00
11, 019, 500. 00
3,491,900.00
9, 375, 700. 00
258, 980, 465. 59
2,574,447.13
2, 902, 400. 00
7, 971, 500. 00
465,200.00
1, 443, 126. 58
430,000.00

2, 'Zl0, 363. 26
621,267.40
1, 6'Zl, 968. 86
230,000.00
649,635.32
571,876.69
2, 369, 337. 02
45, 063, 422. 20
634,992.62
567,400.00
2, 287, 958. 68
115,700.00
335,657.11
80,000.00

9, 056, 438. 94
1, 616,832. 60
6, 470, 903. 55
105,000.00
10, 232, 464. 68
2, 843, 824. 41
6, 912, 462. 98
213, 317, 643. 39
1, 999, 064. 61
2, 297, 600. 00
5, 664, 741. 32
337,500.00
1, 074, 692. 89
350,000.00

Nevada_ ....................
New Hampshire" ••..•.•.•.. ---------------- ---------------- ---------------New Jersey .•.••.•••.•••••.• 23, 654, 220. 91
6, 132, 995. 56
16, 895, 241. 76
39,200.00
New Mexico .•••••••••.•. ~.
65,000.00
25,800.00
6, 773, 185. 78
35, 608, 305. 29
New York ..••.•.•....••.•.. 42, 873, 062. 09
1, 7'Zl, 192. 11
5, 159,707.89
North Carolina_ •.•••..•.•••
6, 949, 900. 00
1 Includes District of Columbill banks and trusts companies.

7, 430, 700. 00
1, 380, 800. 00
1, 218, 858. 87
37,015,417. 72
31, 858, 776. 50
10, 269, 024. 00
25, 468, 148. 32
50, 310, 531. 06
3, 130, 100. 00
4, 618, 559. 94
9, 073, 532. 54
576,000.00
2, 452, 926. 07
1, 977, 364. 19
500,000.00
9, 234, 000. 00
413,473.64
17, 062, 369. 54
8, 081, 751. 48

1, 098, 168. 76
512,602.31
395,533.69
7, 748, 798. 49
3, 374, 615. 84
1, 686, 286. 22
2, 316, 580. 59
17,683,036.92
2, 370, 467. 20
956,326.95
1, 958, 239. 75
76,386.34
813,141.50
395,864.39
39,597.69
4,514,574.59
34,996.50
7, 093, 496. 15
4, 619, 751. 83

6, 332, 531. 24
864,697.69
823,325.18
29, 224, 619. 23
, 28, 484, 160. 66
8, 582, 737. 78
22,871, 674. 80
31, 326, 308. 42
759,632.80
3, 662, 232. 99
7, 072, 692. 79
499,613.66
1, 596, 435. 86
1, 446, 499. 80
460,402.31
4, 069, 425. 41
378,477.04
9, 893, 873. 39
3, 461, 786. 64

Amount
authorized

Amount with•
drawn or can•
celed

Amount
disbursed

$6, 281, 112. 46

$3, 085, 670. 09

$3, 195, 442. 31

464,500.00
10, 213, 663. 08
17, 315, 166. 15
1, 939, 450. 20
3, 196, 000. 00
16, 300, 241. 35
6, 822, 272. 27
5, 150, 995. 48
3, 628, 400. 00
67,320,417.82
26, 650, 351. 72
18,831, 702. 20
3, 652, 500. 00
10,175,431.28
37,351, 717. 72
42, 878, 'Zl6. 50
13, 760, 924. 00
34, 843, 848. 32
309, 290, 996. 65
5, 704, 547. 13
7, 520, 959. 94
17, 045, 032. 64
1,041,200.00
3, 896, 052. 65
2, 407, 364. 19
500,000.00
32, 888, 220. 91
478,473.54
59, 935, 431. 63
15,031, 651. 48

179,198. 'Zl
3, 858, 190. 01
3,116,037. 'Zl
441,971.33
640,234.48
1, 785, 448. 39
3, 744, 812. 30
2, 236, 564. 51
364,206.73
19, 052, 726. 20
6, 698, 'Zl8. 20
3, 368, 532. 02
1, 133, 869. 71
2, 023, 502. 55
7, 978, 708. 49
4,024, 151. 16
2,258, 161. 81
4,685,917.61
62, 746, 459. 12
2, 005, 459. 72
1, 523, 726. 95
4, 246, 198. 43
192,086.34
1, 148, 798. 61
475,864.39
39,597.69
10,647,570.15
60,796.50
12, 866, 681. 93
6, 346, 943. 94

'Zl9, 701. 73
6, 'Jjj2, 631. 6~
14,165,239. 1e
1,497,478.81
2, 655, 765. 5)
13, 215, 892. 00
3, 077, 459. 91
2,914,430.91
3, 264, 193. 21
46, 525, 286. 51
19, 545, 786. 51
15, 388, 970. lS
2, 481, 530. ~
7, 294, 228. 73
29, 329, 619. 2:l
38, 716, 625. 34
11, 426, 562. rn
29, 784, 137. 7S
244,643,951.81
2,758,687.41
5, 959, 832. 9£
12, 727, 434. 11
837,113.66
2,671,128. 75
1, 796, 499. 80
460,402.31
20,964,667.11
417,677.04
45, 502, 178. 61
8, 621, 494. 53

-~
~
~

:
a

i
~
cj

a

....>-3
~
le,j
....

~

~
a
0

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~

0

t:c

~

sz
0:,

~

7.-Loans to aid in the reorganization or liquida.tion of closed banks and trust companies from Feb. 2, 1932, to Mar. 31, 1937, inclusive,
by States (includes loans to receivers, liquidating agents, and conservators, and loans through mortgage loan companies to aid in the reorgani zation or liquidation of closed banks, 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)-Continued

TABLE

~.._,

BANKS AND TRUST COMPANIES-Continued
National

All others

1

~

0

0
:::c

Total

1-3
State

0

cg:

N.

(1)
Q_

North Dakota•••.• __________ $2, 534, 264. 68
0 hio. _____________ . _________ 13, 978, 664. 07
0 klahoma. ________ . _. _______
2, 261,303. 15
Oregon•• ____________________
2, 970, 800. 00
Pennsylvania. ______________ 79, 631, 284. 97
Rhode Island .• _____________
---------------South Carolina ______________
5,201,680. 14
South Dakota_______________
I, 275,984.30
Tennessee ..• _______ . ________ 16, 761, 143. 68
Texas _______________________
5, 966, 434. 14
Utah ___________ . ____________
39,500.00
Vermont_ ________ ___________
1, 349, 800. 00
Virginia ..• __________ _______ _ 2, 199, 700. 00
Washin1tton •• _______ . ______ .
9, 255, 369. 82
West Virginia. _______ ___ ____
8, 111, 084. 16
Wisconsin ___________________
7, 019, 721. 08
Wyoming _____________ ______

CJ

~

~

Amount withdrawn or canc11led
$912,182.14
3, 145, 329. 27
966,131.84
382, 567.84
19,444,125.39

1

Amount
disbursed
$1, 616,882.54
10,690, 334.80
1, 268, 754. 76
2, 521, 032. 16
57,765,440.37

--------------- ---------------I, 239, 812.37
3,858, 567. 77
260, 820.91
943,879. 72
984,746.55
4,500.00
275, 100. 71
350,634.96
1, 057, 155. 67
777,993. 37
I, 554, 466. 26

---------------- ----------------

Total. •• ______________ 653,511,047. 19

~

0

Amount
authorized

123, 194,186.63

I, 000, 313. 39
15, 703, 663. 96
4, 947, 279. 64
35, 000.00
1, 064, 999. 29
I, 766, 365. 04
7,679, 214. 15
6, 877, 490. 79
5, 389, 954. 82

---------------519,316,528.99

Includes District of Columbia Banks and Trust Companies,

Amount
authorized
$52, 079. 30
220, 077, 269. 81
769,918.00
733,920.25
48,303,479.65
1, 255, 84 I. 54
2, 264, 763. 16
I, 115, 643. 81
992,875.64
6, 933, 607. 27
4, 388, 776. 52

Amount withdrawn or canceled
$12, 247.68
31, 375, 061. 25
438,320.34
235,022.55
24, 097,665. 25
248, 409.55
263, 153.31
715,909. 97
539, 733. 70
743, 137. 19
2, 373, 692. 06

--------------- -------------- 911,883.25
5, 320, 500. 00
10,314, 516. 19
4, 717, 256. 00
6, 632, 006. 05
185,500.00

1, 653, 154. 05
2,023,867. 28
4, 618,539. 98
185,500.00

601, 620, 441. 40

153,317, 012.68

Amount
disbursed
$39,831.62
160,987, 945. 19
331,597.66
498,897. 70
24, 063, 543. 48
1, 007,431.99
2,001,609.85
350,847. 73
453, 141.94
6, 130, 4 70. 08
1, 948, 584. 46
- -- ----------- -4,408,616. 75
8,661, 362. 14
2, 668, 388. 72
2, 013, 466. rn

--- ------------416, 816, 451. 42

Amount
authorized

Amount withdrawn or canceled

Amount
disbursed

~
~

$2, 586, 343. 98
234, 055, 933. 88
3,031, 221. 15
3, 704, 720. 25
127,934,764.62
I, 255, 84 1. 54
7, 466, 443. 30
2,391,628.11
17, 754,019. 32
12,900,041.41
4, 428, 276. 52
I, 349, 800. 00
7, 520, 200. 00
19, 569, 886. 01
12, 828, 340. 16
13, 651, 727. 13
185,500. 00

$924,429.82
34, 520, 390. 52
1,404, 452. 18
617,590.39
43, 541,790.64
248, 409.55
I, 502, 965. 68
976,730.88
I, 483, 613. 42
1, 727, 883. 74
2, 378, 192. 06
275, 100. 71
I, 262,518. 21
2, 710, 309. 72
2, 801, 860. 65
6, 173, 006. 24
185,500.00

----------------

1, 255, 131, 488. 59

276,511,199.31

936, 132,980. 41

$1,656, 71 4. 16
171,678, 279.99
1,600,352.42
3, 019,929. 86
8 1,828, 983.85
I, 007, 431. 99
5, 860, 177. 62
I, 351, 161.12
16, 156,805. 90
11, rJ/7, 749. 72
1, 983, 584. 46
1, 064, 999. 29
6,174,981. 79
16, 340, 576. 29
9,545,879.51
7, 403, 420. 89

t:'J
0
0

z

rn
1-3
::::,
d
0
....1-3
0

z

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~

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7I

·REPORT OF RECONSTRUCTION FINANCE CORPORATION

8.-Loam on and purchases of preferred stock, and purchases of capital
notes or debentures, of banks and trust companies, disbursed from Mar. 9, 1933,
to M ar. 31, 1997, inclusive; and outstanding as of Mar. 91, 1937 (under sec. 904,
title Ill, of the act approved Mar. 9, 1933, as amended)

TABLE

BANKS AND TRUST COMPANIES-TOTAL
Outstanding

Disbursed
State

Number or
banks and
trust com•
panie, 1

Number of
banks and
trust com ·
panies 1

Amount

41
55
132
l
94
89
402
23

$15,853,575. 00
37, /if.()_ 00
2, 430, 000. 00
4,404, GOO. 00
48, 502, 425. 00
4, 893, 500. 00
7, 192, 126. 00
507,300.00
2, 900, 000. 00
2, I 76, 200. 00
4, 835, 500. 00
2, 130, 000. 00
00, 5M , 114. 17
16,667,000. 00
10, 248, 000. 00
5, 247, 750. 00
8, 879, 850. 00
15,512,000. 00
9, 125, 500. 00
9, 078, I 70. 00
16,674,200.00
40. 624,66 1. 00
17, 322, 025. 00
14,283, 150. 00
20. 751, 125. 00
4, 000, 500. 00
7,907, 950. 00
205. 000. 00
75 1,635. 00
i3, 972, 016. 07
, 715,000. 00
301 , 585, 605. 83
7, 463, 500. 00
4. OG4, 500. 00
92, I 22, 237. 00
10, 934. 000. 00
I , 950, 000. 00
45, 795, 096. 50
1, 250, 000. 00
898,500.00
2, 77 1. 800. 00
4,438, ICO. 00
I 2, 559, 050. 00
31, 036, 125. 00
3. 995, 000. 00
15, 795, 000. 00
10, 694, 650. 00
125,000.00
6, 064, 500. 00
6, 366, 066. 66
33, 147,100. 00
1, 367, 500. 00

TotaL •. _· -··· · ··········--······
Subscriptions for preferred stock of:
Export•lmport Bank of Washing•
ton •. •.. · ·-·-· . . _• ••. _.. · ·-· _. .• . .
Second Export•lmport Bank or
. W ashington, D. 0 •••.•.•.• . • •••.

6,070

I, 052, 802, I 03. 23

Grand total.. ...• •••••. ·-·····-··

6, 072

Alabama ___ - - -- - - -------- -- ---- -- - -- --/. Jaska_ ______
- - -- - - ________________
- - - ----------------- - -Arizona
____ -___
__ -_
Arkansas ____ __- - - -- - - - - - - - - ----- - - - - - - -

California ____________ --- _-- ---- -- -- -- -Colorado _______ ---- __ -- ---- --- ___ -- -- -Connecticut
_____
---- --____ ----- - - -- --_
____
________
________
_________
Delaware
District or Columbia _________ ______ ___ _
Florida_____ _____ ------------- - _-- -- ---Georgia ________________ -- ---- ___ ------Idaho ____ __ - - - --- - - - - -- - - ---- ---- -- -- -Illinois ____ __- ----- --- - -- ----- ---- -- -- -Indiana
____________
--- --- -- ----- -- ---Iowa ________
_______ ________
________
___ _
Kansas ____ ____ --- -- - -- - -- -- --- --- - -- -•

~~=~==:::::::::::::::::::::::::::

Maine _____ __ - -- -- -- - - -- - -- -- ---- -- --- ·
Maryland ••. .....•.. ....• . . ..... .......
Massacbll58tts •••..•.. •• •.... . .... . . ...
Michigan _•••........ · ·- .. •..•...•... ..
Minnesota ••• ···---· ..•.. -·.·······-···

~l:o~Y
pi.::::::::::::::::::::::::::::
Montana. ••...• _-·.·-··-····-··-- ... . . .

Nebraska •••• • . _._·····-· .• _--·-···-· · ·
Nevada_ .. ···-···--·· ···· ·· - .• · · - · . · ··New Hampshire..• •-·· -· · ·····-· · ··· · ·
New Jersey . • · · ········-······--·-- -· · New Mexico • . . ·-········-··· · --·-· · -- ·
New York •. · - ········ · ··-·--· ··· •· ·•··
North Carolina . . _·--···-·····-···· ····
North Dakota ...• --•·· · ·-·····--···-···
Ohio •..... -· - - ... - - · •..•. -· · · ••.. · •· • -·
Oklahoma.... _. •. __ . ... . _.•.• .•...•..•.
Oregon. •• __· - - - . - - - .• .. . - · •.. . ••... •···
Pennsylvania •. _._ .•.. .. _._ . •.•.... .• . .
Puerto Rico . . • . •. • _.•.. . .. · - · · · ····-··Rhode Island . . ··---· ·· · ·· · ············
South Carolina..• --··-· ••.• ...•........
South Dakota..•. •···-- - -· · ········-···
Tennessee._ •••• · - .•.. • • - •....... •- •· •·Texas .• _.- · · · ··.-· · .. · · · --············ ·
Utah._. • • • ••• • ••..... •• • •. . . ...•..•.. ..
Vermont ••.. ••••..•.. __ ........ ·--· -· . .
Virginia__•...• •••.... • •.• - ··-. ·-··-- ·-·
Virgin Islands .••.... . -· · ··-···-···-····
W asbington .... ·- . •.. .••• ··- .......... .
West Virginin•• • _.... -··· ··-· -··· · · · ·· ·
Wisconsin •.. •.•.•....• . ...... -····-··-·
Wyoming . .. · -····· · - · · ·· - ·············

70
I
5
113
121
56
39
11
7
40
86
24
218
28 1
139
197
11 3
111
31
65
67
183
257
148
219
57
148
4
9
205

19
476
132
128
387
46
53
286
3
4

35
11 9
121

400

55

Amount

t

$11, 124, 698. 41

--------------- -- 3-- ----- ------1,354,606. 57

22
182
252
119
186
lOS
88
29
63
49
163
196
139
196
44
136
3
6
195
17
357
118
11 6
323
40
41
263
3
4
33
100
116
343
34
55
122
I
83
78
352
17

3, 879, 475. 16
31, 498,933.97
4,018, 000.00
6,509,577. 22
334,300. 00
2, 4~4. 600. 00
I, 790, 3S5. 03
3,351, 106. 26
1, 872, 250. 00
46, 197,856. 30
12,584, 470. 00
7,237. 225. 00
4, 640, 421.57
6, 835, 900. 00
8, 477,475. 00
6, 754, 717. 76
7. 716, 681.12
I I, 546, 586. 66
33, I 13, 900. 00
9, 810, 509. 13.
8,143, 947.54
8. 389, 304. 24
2,376,214. 5:?
5, 781.336. 75
105,000. 00
292, 135.00
66, 344, fi29. 56
672,825.00
72, 988, 756. 16
6,449,510. M
2, 975, 650. 00
62, 709, 227.88
4, 702, 927. 97
1, 370, 900. 00
39, 151, Q43. 65
975,000. 00
730,000.00
2, 062, 300. 00
3, l 20, fi93. 48
II, 832, 800. 00
22, 726, 003. 76
2, 533,937. 32
15, 453,375. 00
7,893.817. 50
124,000. 00
3, 679, 380. 00
4, 558, 989. 45
27,295, 187. 04
998, 098. 60

5, 258

609, 521, 536. 22

102
86
M
38
11
7
39

74

20, 000, 000. 00

20, 000, 000. 00

2, 500, oco. 00

-------- -- ---- ------------ ---- --

I, 075, 302, 103. 23

5, 259

629, 521. 536. 22

See foo tnotes at end or table.

Digitized by

Google

72

REPORT OF RECONSTRUCTION FINANCE CORPORATION

8.-Loan., on and purcha.,es of preferred stock, and purchaae, of capital
notes or debentures, of banks and trwt companies disburaed from Mar. 9, 19!13,
to Mar. 31, 1937, inclusive; and outstanding as of Mar. SJ, 1937 (tinder sec. !104,
title III, of the act approved Mar. 9, 1933, as amended)-Continued

TABLE

BANKS AND TRUST COMPANIES-NATIONAL
DL5bursed
Slate

Alabama •••.•...•..••.••.••••••..•.••.•
Alaska •• ••.• •.••.••••••......•.•••..•. .
Aritona .•......•...••••......•.••......
Arkansas •••.....••••••.•.........•..•••
Calirornla . •••..•••••••. ....•• •...••••••
Colorado •....•.••.•..•.....•........••.
Conneclicit .•..•...•••... ....•......•..
Delaware . ........••..........•...•.••.
District or Columbia .••..........•..••.
Florida .••..••••••.................•••.
Georgia ••.• •...•••....•............•••.
Idabo .••••••..••.••.........•.•.....•••
Illinois •.••••.•••..•••...•.......••.•••.
Indiana •••.•••••..•..••..••.•..•••••••.
Iowa ..••.• •. ••....•.....•.... ••. .•••.••
Kansas ...•••... ....••••••••••••••.•••••

Number or
banks and
trust com•
panles!

Outstanding

Amount

26

$10, 996, 800. 00

Wyoming •••••.•••••••....•••.••.••...•

35
56
10

37,500.00
1. 540, 000. 00
l, 555, 000. 00
19,899,925.00
4. 118,500.00
3, 723. 426. 00
137,300.00
I, 100,000.00
1,330,000.00
1,722,500.00
I, 090, 000. 00
83,680,114.17
7, 188, 500. 00
6,447,500.00
2, 282, 500. 00
3, 397, 350. 00
4, 400, 000. 00
2. 610, 000. 00
2, 728, I 70. 00
10, 723, 200. 00
20, 400. I 60. 00
13,647,525.00
2. 652, 650. 00
8,517,125.00
1. 511,000.00
5, 834, 950. 00
175,000.00
651,635.00
29, 449, 435. 82
410,000.00
129, 360, 605. 83
l, 905, 000. 00
2, 410, 500. 00
35, 300, 737. 00
10, 874, 000. 00
890, 000.00
20. 478, 736. 50
648.500.00
1, 505, 000. 00
2. 954, 100. 00
, 062. 500. 00
23, 293. 625. 00
1,325,000.00
560,000.00
3, 917, 400. 00
125.000.00
2, 740. 000. 00
3, 395, 066. 66
15, 195, 100. 00
702,500.00

Total . ••••.•.•••......•.••••••. ...

2,026

519,501,136. 98

'f:i:~~:::::::::::::::::::::::::::::::

Maine .•.•.•••••.•.....••••.•••.•••••••
Maryland •.••....••••... . .....•••••.•.•
Massachusetts .•.••..••..........••.••.
Michigan •.••.••.••••••..••.••......•.•
Minnesota •.••.•..•.•••.••...•..•.•.•.•

:~~r

pl. .•••...•..•.....•.••..•..•••

Montana ...••••••....•.•••••.••••••••••
Nebraska .••••....•..•••••••••..•.•..•.
Nevada ••••••.•••.••••....••.•.•••...••
New Hampshire •••.•..••••.••••..•••••
ew Jersey ..•••.•.••..•••••••••.••••.•
New Mexico ••.•.••••......••••.••••.••
New York ...•••.••.................. •.
North Carolina ••••............••.•••••
North Dakota..••.......•.•••.••••.•••
Ohio ..•••..••.....••••...••.••• ••••••••
Oklahoma•••.•••.....••••..••.•.•...• •.
Oregon •••••...•.......•.....•....•..•..
Pennsylvania .•••.••.••••.........•....
Rhode Island ..•••••...•••.•••..•.••••..
South Carolina .•..•••.....•.......•••..
South DakotA ..••••.•..••............. .
Tennessee...•••..•••..........••....•..
Texas •.••••.•.•.•••••.....•........... .
Utah ••.•••.....••. •.••...............••
Vermont ••••••.....•...•.......... ..•••
Virginia .....•................••... ...••
Virgin Islands ..•................... •••.

~:r~r:~ia::::::::::::::::::::::::::
Wisconsin..•.•..•..••..••.......•••....

1
3
24

62
32
16
4
2
13
18
g

127
51
47
46

29
15
13
13
43
52
Q7

15
30
20
49
3

8
135
6
240
18

31
83
40
20
199
3
6
27
27
145
9
36
1

23

I

Number or
banks and
trust com•
panles 1

Amount•

16

$6, 967, 351. 94

I
46
30
15
4
2
12
14

l, 298, (5(). 00
16. 499,317.30
3, 245, 000. 00
3, 628, 327. 00
137,300.00
1,052.900. 00
995,500.00
1, Oll5, 500. 00
984,250.00
41,167. 63t. 30
3. 999, 4 70. 00
3, 934, 625. 00
1, 004, 750. 00
2, 422. 500. 00
3, 600, 700. 00
1, 532. 425. 00
2. 217,006. 12
7,142.025. 40
15, 745, 699. 00
7, 200, 709. 13
2. 416. 547. 54
2, 416, 375. 00
921,964.52
4, 208, 366. 82
75,000.00
192,135.00
26, 700, 439. 87
395,000.00
24, 342, 481. 16
1. 308, 760. 22
1. 512, 650. 00
21, 353, 152. 88
4, 644, 927. 97
416,500.00
15, 220, 499. 17

-- ------- 640.
-------·------2 ------ 1,--329,
00

8
110
40
39
43
25
14
11

12
28
46
68
15
22
16

45
2
5
127
6

200
17

23
73
34
12
180
3
5
22
24
129
7
9
29
1
20
28
49
6

480,000.00
1, 352, 500. 00
2, Oil], 93. 48
7,561,250.00
16,509, 26. 57
994,737.32
452,250.00
1, 870, 275. 00
124,000.00
2,081,930.00
l, 991, 989. 45
12, 77 , 687. 04
404,615.66
282,959,831.86

1,711

BANKS AND TRUST COMPANIES-STATE MEMBER 1
Alabama. ............. . ..............•.
Arizona . .......... . . ............... . .. .
Arlcamas ..... ......................... .
California •••••••••.••••.••••....•••••••
Colorado••••• ••••.•••.•.••••.••.•..••••
District of Columbia ..•.•.••••••. . •••••
Florida ••..•.•••••••••••••••••••••••••••
Georgia •.••.• ·••••••••••••••• ••••.•••••

Idaho ................................ . .
Illinois..••.•••••••••••••••••••••• ••••• •
Indiana ............................... .
Iowa•............................ . ....•
See footnotes at end of table,

4
1
5

n
1
1
2
7

4

15

4
6

$3,502. 100. 00
840,000.00
730,000.00
15, 500, 000. 00
200,000. 00
1,000,000. 00
275,000.00
1, 160,000.00
810,000.00
2. 550, 000. 00
1, 230, 000. 00
1,170,000.00

Digitized by

4
____ .., _________
5

$3, HI, 613. OIi

----------------··
637,000.00

4
1
1
2
6
3
13
4
6

Google

4, 620. 000. 00
200,000.00
613,700.00
~l,47L80
607,600.00
~68,000.00
2, 085, w~. oo
1,122. 500.00
1,108, 7li0.0Q

73

REPORT OF RECONSTR UCTION FINANCE CORPORATION

8 . -Loans on and purchases · of preferred· stock; and purchases of capital
notes or debentures, of banks and trust companies, disbursed from Mar. 9, 1933,
to Mar. 81, 1937, inclusive; and outstanding as of Mar. 31, 1937 (under sec. 304,
title II I, of the act approved Mar. 9, 1933, as amended)-Continued

TABLE

BANKS AND TRUST COMPANIES-STATE MEMBER'--Continued
Outstanding

Disbursed
State

Number or
banks and
trust companies

N umber or
banks and
trust com-

Amount

panies

1

Amount•

1

::o~rrma---······------·-----··--w
yom.ing __ ___ • _••••• -- •• -·. - - - - - -· - - - -

2
77
3
37
1
3
16
4
2
21
12
4
17
5
13
3

$172, 500. 00
2, 125, 000. 00
2, 550, 000. 00
2, 150, 000. 00
2. 300, 000. 00
3, 376, 000. 00
12, ~28, 921. 00
63,000. 00
8, 265, 000. 00
1, 607, 500. 00
101,700. 00
20, 680, 905. 25
32,500.00
127,320, 000. 00
I, 700, 000. 00
37, 162, 500.00
10,000. 00
65, 000.00
10,056, 360. 00
155,000.00
225, 000.00
520,000.CO
1, 590, 000. 00
2, 27 5, 000. 00
2, 030, 000. 00
655,000.00
2, 832, 500. 00
80,000. 00

12
2

$149, 700. 00
1, 307,500.00
1, 625, 000. 00
892,500. 00
2, 069, 87.,. 00
1, 8..17, 811. 26
10, 230, 821. 00
22, 000.00
2, 582, 200. 00
871,250. 00
83,615. 72
16, 203, 278. 08
30,500.00
28, 630, 625. 00
1, 684. 000. 00
25, 826, 400. 00
8, 000. 00
45,000.00
9, 005,707. 42
154, 500. 00
225,000. 00
376,800.00
1,069. 200. 00
1, 923, 380. 00
534, 700. 00
l ~J, 000.00
2, 7vl , 000. 00
54, 982. 94

Total_ •• _•• -·- - ---- ____ __ ____-··-

406

271, 396, 486. 25

320

125,602,916.07

Kansas ............... · ··· · · · ··- -- -- -- -Kentucky-... ·- - - ·- -- ------ - -- . -- -- - . - .
Loulslana . ·-· •.• -· - __________ _______ . -·
Maille _------- __
-- ·-·--- ----···
· - · ·-- -- .···-Maryland
______
__________
__ --Massachusetts __ -·--------------------Michigan __-·- - -··--··-- -------·-----·~=~ta_-·- ·-··-·---- -- ----- -- ___ ___

Montana---··--· __ --· ·- -- -- -- . - . -·- ....
N e~

- --··--------·-- ·-----·-----··

New Jm,ey _. -·----·---·-·--- --· ·-----·
New Mexico_-·---·----------····-----New
__ --- ••
- ----- - ---------NoribYork
Carolina
___ •--·-·
•. _______
__ ____ ____
Ohio ___ ·-·· •• -- - - - --- - - - - -- ------ -- --- -

011:laboma.. ... .. - - - - ---- -- -- -·-- ----- -- -

Oregon.._.
-_- - _.·-_-·--···--·-----·------- -----Pennsylvania
________ ____
___ _

South Dakota______ -----· ___ . ______ __ __
Tennessee _______ ____ --- -- --- - -. -. -- -- -.
Texas_. __ -·-·.·--·---·- ____________ ___ .
U&ab __. . . _.... _. ____________________ ___
Virginia___ -···-·-·
___ - - -- - - - - --- -- - -___
- - -_
Washington
________________________

6

4
4
2
4
8
38
4
24
8
3
27

5
3
3
2
4
5
33
1
18
5
3
25
2
47
3

29
I
3
15
4
2
18
11
2
11

4

BANKS AN D TRUST COMPANIES-NONMEMBER•
Alabama_ . ___ - _-_- - ••••• - - -. - -- - -. -•. -Arizona_··-·-·-·· __ - -·- - - - - -- -- _. __ ---Arkansas-·--·---·-·--· -···- -- -. -- --- •-California __ -· __ . _•••• - •••• -· - -- --. -·- -Colorado ___ • ___ ••.•• _••• _-·· _____ __-_..
Connecticut---·-········-···-_._ ... -·-.
Delaware .. _. ________ ·---·--.·-·-·- .. __
District or Columbia.. ___ --··--··- ___ -·
Florida·-·-·····---·-· __ -· .. -···- .. __·-.
Georgia._··--···-- __ · -- __ ·- __ ·--.·--· ..
Idaho_.-· ••• _. ___ • ___ • ___ . - -- -_•... ·- _.
II linois. __ ._ ·-··-- --·- ___ ·-. -. ·- . . _. -- -·
Indiana .•.• ·-._._._ .• - - - - -...•.. --_.. __
Iowa _____ ..... _-- -... - - . - -. -. -. -.. - - •- •
Kansas.-·-·····-··-- ___ • .• ·-.--···-_·-.
f;;:it~;~··-··-·-------·--·---··--·-···
Maine_ •• _.-----·· - __·-·-·-- -· · -. ----- Maryland _________ •• _._._. __ ._-·_._._ -.
Massachusetts __ ·--·····-·-··-···---· ·Micbigan_. ··-·-··- · -- -··-·---·-··· ··-·

~;N;c_:::::::::::::::::::::::::::

Montana.•. _-·.·-·--· __ ._ -_-_· - ____ -·· _
Nebraska •. . ••• ··--_-·- ___ .----·· . __ . __
Nevada_ .•• ·-·--·-- -- -- ·- ---· ... _. _.. ·New Hampshire_.-·--- ______ --·- ____ . •
New Jersey._···-··· · ·-·---···-·-- ---··
New Mexico •••• ·-·-··------··- ---· ---New York __ ---· ------ · --- -···· -··--·-·
North Carolina •••••...•. ----·-·----··See rootn otl'S at end or table.

40
1
84
54
23
23
7
4

25
61
II
76
22fi

87
145
80
92
16
48
16
93
156

133
165

29
96
1
I
43
11
159

Ill

$1, 354, 675. 00
50,000.00
2, I 19, 000. 00
13, 102, 500. 00
575,000.00
3, 468, 700. 00
430,000.00
800,000.00
571,200.00
I, 9,,3, 000. 00
230,000.00
4,32 1,000. 00
8, 248, 500. 00
2, 630, 500. 00
2, 792, 750. 00
3, 357, 500. 00
8, 562, 000. 00
4, 365, 500. 00
4, ow, 000. 00
2, 5 75, 000. 00
7, 895, 580. 00
3,711,500.00
11 , 630, 500. 00
3, 969, 000. 00
882,000.00
1,97 1, 300.00
30,000.00
100,000.00
23, 841, 675. 00
272. 500. 00
44,005,000.00
3, 858, 500. 00

Digitized by

35
I
79
36
23
23
7
4

25
55
II
59

208
75
138
77
71
16
47
16
84
127
124
156
24
88
1
1
43
9
!JO
98

$1 ,0 15,773. 42
24,966. 57
I, 944, 025.16
10,379,616.67
573,000.00
2, 981, 250. 22
197,000.00
768,000.00
543,383.43
I, 648, 006. 26
230,000.00
2, 994. 250. 00
7, 462, 500. 00
2, IU3, 850. 00
2,525,971.57
3, I 05, 900. 00
3, 261,775.00
4, 329, 792. 76
3, 4 29, 800. 00
2, 566, 750. 00
7, 137,380.00
2, 497, 800. 00
5, 727, 400. 00
3, 390, 729. 24
583,000.00
I, 489,354.21
~o. ooo. oo

JOO, 000. 00

23,440,911.6 1
247. 325. 00
20, 0 J.,, 650. 00
3,456,750.4 2

Google

74

REPORT OF RECONSTRUCTION FINANCE CORPORATION

8.-Loans on and purchases of preferred stock, and purchases of capital
notes or debentures, of banks and trust companie", disburaed from Mar. 9, 19SS,
to Mar. SJ, 1937, inclusive; and outstanding as of Mar. SJ, 1937 (under aec. 304,
title III, of the act approved Mar. 9, 1933, as amended)-Continued

TABLE

BANKS AND TRUST COMPANIEB-NONMEMBER'-Contlnoed
Dishursed
Number or
banks and
trust companies 1

State

North Dakota ________________________ _
Ohio __________________________________ _
Oklahoma _____________________________ _
Oregon ___________________ ---·--- ______ _
Pennsylvania _________________________ _
Puerto Rico ____ ---------· _____________ _
Rhode Island _________________________ _
South Carolina________________________ _
South Dakota_________________________ _
Tennessee _____________________________ _
Texas _________________________________ _
Utah __________________________________ _

~r;~ii~~-________
.____________________ _
Washington ______ ._. __________________ _
~r:Jo~!t~~========::::::::::::::::::
Wyoming ______ ._. ____________________ _
TotaL __________________________ _
Subscriptions for preferred stock or:
Export-Import
Bank of Washing- _
ton ______________________________
Second Export-Import Bank of
Washington, D. c ______________ _

97
267
5
30
70
3
1
29

Outstanding
Number or
banks and
trust companies 1

Amount

$1, 594, 000. 00

49
333
10

19, 659, 000. 00
50,000.00
995,000.00
15,260,000.00
1, 2m, ooo. oo
250,000.00
1, 266, ROO. 00
1, 329, 000. 00
4,271,550.00
7, 222, 500. 00
1, 080, 000. 00
15, 235, 000. 00
4, 502, 250. 00
1, 294, 500. 00
2,316,000.00
16, 119, 500. 00
585,000.00

3,638

261, 904, 480. 00

88
92
234
21
46
92

M

Amount•

SI, 463. 000. 00

93
221
5

16, 529, 67fi. 00

50;000.00
909,400.00

26
68

14, 925, 737. 06
975.000.00

3
1

250,000.00

28

709,800.00

874,300.00
4, 046, 550. 00
6, 839, 377. 19
470,000_ 00

74

90
196
16
46
91
62

9

16,001,125.00
4, 100, 162. 60
1, 062, 750. 00
2, 106, 000. 00
11, 815, 500. 00
638,500.00

3,227

200, 958, 788. 29

48
291

20, 000, 000. 00

20, 000, 000. 00

-----------------1 - - - - - + - - - - - - - 1----------------

Grand total _____________________ _

2, 500, 000. 00

3,640

284, 404, 480. 00

3,228

220, 958, 788. 21>

1 After ellmlnatlng duplications. Boch dnpllcatlons ari,se In C8989 where the Corporation makes disbursements to a hank or trust company under more than 1 of the class111cations under l!8C. 304, title ill, of
the act approved Mar. 9, 1933, as amended.
·
• Amount outstanding Includes repayments unallocated, pending advices, as of Mar. 31, 1937.
• Where changes in the status of banks have occurred between the date of authorization and Mar. 31, 1937
(for example, where a bank has changed from nonmember to State member), such banks are distributed In
the above table according to their status on Mar. 31, 1937.

9.-Loans authorized (and commitments outstanding as of Mar. 31, 1937) to
industrial or commercial business under sec. 5d of the Reconstruction Finance
Corporation Act, as amended (including purchases of participatiom, and agreements to purchase participations, in loans), by Bize of loans, from June 19, 1984)
to Mar. 31, 1937, inclusive
·

TABLE

Size ofloans

Nnmberof Percent of A.mount authloans
total
orlzed

$5,000
under __
-------------------···----------$5,001 and
to $10,000,
inclusive.
_________________________
$10,001 to $25,000, inclusive _________________________
$25,001 to $/i0,000, inclusive _________________________
$50,001 to $100,000, inclusive ________________________
$100,001 to $200,000, inclusive _______________________
$200,001 to $500,000, inclusive _______________________

·17.6
16. 3

Over $500,ooo ______ . _______________________ •________

410
355
473
430
328
184
122
26

Total.·-·-- -- ---- ---- - ----- -- ---·------- -···-

2,328

100.0

20.3
18.6
14.1
7.9
6.2
1.1

Digitized by

$1, 336, 907. 36
2, 970. 086. 14
8, 770, 1:111. 92
17,065, 1~ 41

25,667, 286. 33

Percent of

total

0.9
1. 9
5. 7

11.0

30, 733, 768. 66

16.6
18.2
26.0
19.8

165, 125,031.~2

100.0

28, 308, 976. 82

40, 272, 734. 00

Google

75

REPORT OF RECONSTRUCTION FINANCE CORPORATION

10.-Loans autlwrized (and commitments outstanding as of Mar. 31, 1937)
to indmtrial or commercial business under sec. 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 Mar. 31, 1937, inclusive

TABLE

Industry
Manufacturing:
Food and kindred products:
Dairy products ____ ·- __ -----·---·-------- _______ _
Meat and poultry packing __ • ___________________ _
preserving, packing {fish, fruit,_ vege-_

Number
of bor•
rowers 1

133

ci;;;:;/:;:.~•

Bread and bakerles-----·----····-----·---------Flour mlllin!!:---------·-·-----··· · _____________ _
Confectionery.• __ ••• ·--•• _.···-·- __ -· .• -· _____ • _.
Animal feeds-------··--·-···········---···---·--·
All othel"------------··-·-··-·- ·----·-····-·-····
Total, food products •••••••• ········-····-·--··
Textiles and their products:
Cotton goods •• ____ ····--------·---- ___ ---------·
Cotton small wares--····---·-----·-------------W oolen goods_._--·-·---·-----·---------·--·--·-Silk and rayongoods ___ ·----------·-------------Knit goods, hosierY---·-----·--------------·-"--Dyelng and finish!ng __________ ·---·-·--··-·-·-··Men's clothing and furnishings._-·---··----··--·
Women's clothing and furnishings_. ____ ····---··
Upholstering material, draperles ••• _·--····-·-··All other_·---------·----·····-··-·-··········--·Total, textile products •• 0 . . · - - - - - · · · · · · · · - · · · · Lumber and timber products:
Lumber-----·--······--··········-·------·-·---·Furnlt'lle_ •• _•• __ •• _•• _••• _•••••••• _•• _._. ______ _

49

1. 6
2.3

42
21
32
19

2.0
1.0
1. 5

.9

1. 1
24
2.2
145
265 ~
37
12
29

26
43
119
21

, 24

'7
30

Amount
authorized

Percent
of total

1.8
.6
1. 4
1. 2
2.1
.9
1. 0
1.1
.3
1. 4

- -248- - -11.8

I

$1, 330, 710. 00
2, 484, 004. 94

.8
1.6

1, 506, 045. 16

1.0

803,000.00
896,100.00
1, 095, 500. 00
966,533.33
t I, 643, 700. 00

.6
.7
1.1

10, 725, 593. 43

6.9

6, 728, 183. 33
236,000.00
6, 156, 000. 00
4, 749, 500. 00
2, 667, 500. 00
t 6, 913, 500. 00
1, 322, 750. 00
t 400, 450. 00
t 190, 500. 00
1, 675, 250. 00

3.3
3.1
1. 7
4.5
.9

30, 039, 633. 33

19.4

69
81
28
89
9
16
9

3.3
3.9
1. 3
4.2

4.3

.z

.z

.1
1.1

11, 131, 750. 00

7.2
2.9
.9
3.1

4, 510, 600. 00
1, 441, 450. 00
4, 832, 753. 81
427,500.00
835,200.00
388,500.00
23,567,753.81

168,000.00
Containers (boxes, etc.)_···········-···-········12
•6
AU other __ -------···--··-··-··-··-·-------··-··-- ___a_5_1--_ _1_._6 1 8,411,350.00
8, 579, 350. 00
Total, paper and allied products·---······-·--·47
2. 2

Chemical and allied products:
•
Paints, varnishes, and allied prodncts_···-·-·--··
Fertilizers_••• _.··--·--·-·--···---------···-·----All otber ••• ·-····-··-·------·-···------··----····
Total, chemical and allied products..·--······.

.6

.3
.5

.3
15. 2

===,t=====

Paper and allied products:

AII other __ --···-----··············-·····-·--·····
Total, printing and allied products--·--···-··-·

.5

===,[=====

Wooden containers ____ ··--·····"···-·····-·-----Millwork, sash, doors, etc •• -----···--·-·---·-·--·
.4
Cooperage and cooperage stock-·------------·---.8
Wooden turned prodncts--········--····-····-···
.4
All other _____ ---··-··----···-····----···- _______ _
Total, Iun:iber and ilmber products_____________ --30-1 --14-.3-

Pr!n~~a:n<!itt!lfuf~~:
....-·······-···--"----CEngrav!ng, lithographing, etc.._·-·······---------

Percent
of total

2.5
63
12
.6
.8
16
-.---8-1 --3-.9-

.1
5.4

=

.9

1, 344, 250. 00
599. 200.00
179,000.00

.4
.1
1.4

2, 122,450. 00

===•l=====

18

9

•9
.4
1. 5
2. 8

941,500.00
691,500.00
1, 052, 600. 00
2, 685, 600. 00

.7

1, 476, 000. 00

.5

- - 5831- - - -

5.5

.6

.4
.7
1. 7

15
Rubber products (total).-·····-··········-·---------Leather and Its manufactures:
Tanning and ftnlshing ______ ·-·-·--·----·-··-···-·
t 10
Leather goods Ouggage, handbags, etc.)_.________
7
19
Boots and shoes--····-----··-···-··-··---------··
All other-----·······----··-·------··--·---------·
•8
Total, leather manufactures ••••••••••••• -•••••• ---«-

.4

I 397, 000. 00
682,000.00
1, 37 4, 500. 00
I 123, 095. 32

2.1

2, 576, 595. 32

Stone, clay, and glass products:
Stone, granite, slate, etc--·-····-···------------··

1.6

t 1, 576, 500. 00

.6
2. 7

1.2

7.6

Band, gravel-. - • ·-·-··--····-···-···---·········

Brick and tile, etc·-·-····-·----·-··-·----"-·---··
Concrete products ___ ••• __ -···.··-· •••• -·._._. __ ••
Limestone products··············-·-·-·-·-··-····
Glass products_··-···········-···--··-···--··-···
Pottery._ •• ··-···_ •••••••••• ···-••••••••••• __ ••• _
All other••.••••...•••••...•...•... ···-·-········
Total, atone, clay, and glass products •••_ ••••••

.3
.9

. -==-==
I

35
13
56
10
13
13
12

,u

.7

1, 018, 100. 00
3,522,974. 74
526,000.00
1, 915, 500. 00
1, 407, 500. 00
983,800.00
t 859, 800. 00

166

7.9

11,810, 174. 74

.5
.6
.6
.6

1.0

·=

=

.3
.4
.9
.1
1. 7

1.0

.7

2.3

.3
.9
.6
.6

=.====l=======•l====

See footnotes at end of table.

Digitized by

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76

REPORT OF RECONSTRUCTION FINANCE CORPORATION

10.-Loans authorized (and commitments outstanding as of Mar. 31, 1937)
to industrial or commercial business under sec. 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 Mar. 31, 1937, inclusive--Continued

TABLE.

Number
of bor•
rowers 1

Industry

Manufacturing-Continued.
Iron, steel, and their products (excludin~ mschinery):
Foundry products (castings, lorgin~s, etc.) ••..•..
Structural and ornamental iron and steel. •.....••
Pipe and fittings .....•....•..••........•..• -•····
Stoves, ranges, furnaces _________________________ _
Hardware, plumbing and supplies .••.......•.....
All other ........•.•••••••••....•...•••••••.•••.•.

Percent
of total

Amount
authorized

Percent
of total

1. 7 '$2, 679, 200. 00
37
). 7 • 2, 386, 600. 00
1, 562, 500. ()(,
12
.6
2, 434, 400. 00
21
1.0
t 17
t
1, 220, 515. 00
.8
t 23
t 3, 967, 783. 34
1.1
--·--1·----1·--Total, iron and steel and products •...•••••.•••.
146
6.9
14, 250, 998. 34

Nonferrous metals and their products:
Metal alloys and products (brass, bronze, etc.) •..
Metal stampings, stamped and enamelware .•....
All other •............•......•••..................

• 36
I

=

=

30
I 27
'27

1. 4
1.3
1.3

' 1, 032, 500. 00
t 2, 050, 800. 00
• 1, 893, 000. 00

1. 3
1. 2

t

.7

Total, nonferrous metals and their products.- ..

84

4. 0

4, 976. 300. 00

3. 2

Machinery (excluding transportation equipment):
Agricultural implements .•.....................•.
Electrical machinery, apparatus. and supplies .•..
General machinery and equipment ..•....•.......
Machine tools ..........................•.........
Pumps and pumping equipment. ......•....•.•..
All other ........................................ .

10
26
25
'18

. 640, 000. 00
2, 116, 900. 00
1, 561, 600. 00
t 868, 000. 00
538,000.00
' 6, 555, 623. 43

.4
1. 4

52

.5
1. 2
1.2
.9
.4
2.4

.3
4.2

8

J

1.0

.6

Total, machinery ••••......................••..

139

6.6

12, 280, 123. 43

7.9

Transportation equipment (automobile accessories,
etc.) (total) .•••..•...•••••.....••.....•............

42

2.0

5, 230, 500. 00

3. 4

Wholesale and retail trade:
Wholesale trade:
Food products .•...•••••••••••••..••••.•....•••..
Hardware, paints, etc ••••••••.•..••.•••••...•....
Petroleum products ...••......•••........••••....
Grain and feed, fuel, ice, etc ...•...••.............
Building materials •••........•.•......•..........
All other ••..................•..•..........•..• - ..

29
16
• 12
18
• 22
t 21

1. 3
.8
.6

.9
1.0
1.0

472,100.00
365,300.00
335, 100. 00
863,300.00
• 794, 500. 00
• 436, 000. 00

.3
.2
.2
.6
.Ii
•3

118

5. 6

3, 266, 300. 00

2.1

• 12

.6

•43, 950.00
66,650.00
2, 391,000.00
• 100, 005. 00
· 39,900.00
197,660.69
388,760.00
• 138, 500. 00
337,968.74
353,952.86

Total, wholesale trade......................... .
Retail trade:
Food products ••.....••... ······-·· .••..•.•••••••
Hardware, paints, etc .•••......•.•••••.•..•••••..
Department stores .••...••.....•...•.•.•.....•...
General stores. •••••...••••.•.•.••••••••.•••••.••.
Drug stores .. ······························-·····
Auto sales, service stations ......••..•.•••.•.•..•.
Grain and feed, fuel, ice, etc•••...••.•••••.••••.•.
Building materials •.•••.••.•..••......••••••••• -.
Furniture.•.......•.•.•..••.•.•.......••••••••...
All other.-•...•.•••••.•.•••.•.....•...••••••••••.
Total, retail trade••.••••••••.•••...•••••.•••••.
All other:
Mining: I
Coal ..•.•.••••••.•.•...•••.•••••.•.••••••.•••••••
All other .•••.•••••.•..••.••••.••.••••••••••••.••.

r----1

7

13
• 21
9
24
28
J

10
9

26

.3
.6
1.0
.4

I. 2
1.3
.5

.4

1.3

t

.1
.1
.3
.1

.2
.2

4,059,247.29
7.6
159
===,l====l=====

2.11

6, 226, 976. 50

4.0
1.3

28

I, 979, 500. 00

10

8, 206, 476. 50
Total, mlning·····-·········-·········c-····-··1====38=1===1=.=8=I=======
Laundries, dry cleaning (total) ..•••.•.••.••••••• _. __ •
42
2. O
994,600.71
Contracting, etc. (total)..............................
• 34
I. 6 t 1, 239, 800. 00
7,037, 534. 72
Not classified (total) ......•.....•••••.....•••...••••• ===7=6=1===3=·=6=I=====
Grand total.·················-············-·······-

•I
I.Ii

2,103

100. O 155, 125, 031. 62

6.3

=

.6
.8
4.6
100.0

• Number of borrowers represents the number of applicants to whom loans have been anthorlzed or com•
mltments made.
• Revised.
• Excludes mining loans anthorized under sec. 14 of the act approved June 19, 1934, as amended.

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77

REPORT OF RECONSTRUCTION FINANCE CORPORATION

11.-Loans on self-tiquidating projects, by types of project (under sec. 201 (a),
title II, of the Emergency Relief and Construction Act of 1932, as amended)
from Feb. 2, 1932, to Mar. 31, 1937, inclusive

TABLE

BRIDGES
Number of Number of Amount author•
loans
ized
authorized· borrowers
11

Amount with·
drawn or can,
celed

Amount dis•
bursed

Private ......................

5

9
5

$99, 049, 579. 80
1,729,930. 78

$2, 680, 000. 00
190, 000. 00

$80, 900, 993. 83
1,314,930. 78

TotaL-····--···· .....

16

14

100, 779, 610. 58

2,870,000. 00

82, 215, 924. 61

Public •••••••••••••••.•.•••••

COLLEGE BUILDINGS
Public ..•.•••.. •••••·••••••·•

I

91

$3. 031. 155. 71

91

I

$1. 708. 000. oo

I

$1,323, 155. 71

DOCKS AND TERMINALS
Public ••• _ ••••••••••.•••••••.

Private....••••••••••••••••..
TotaL •••....••••••••..

2

2

$325, 000. 00

$50,000.00

$275, 000. 00

6

6

2, ll8,691. 47

50,000.00

968,691.47

3
1,793,691.47 ------- . -------3
693,691.47
1-----1-----1-------1-------1-----

DRAINAGE AND IRRIGATION

Private.•.•••••.•.•••........

Public ••••••••....•..•.••....

11
3

10
3

$9, 339, 000. 00
1,330,000. 00

$2, 188, 400. 00
330, 000. 00

$7, 030, 600. 00
875,000.00

TotaL •••........•••.••

14

13

10, 669, 000. 00

2, 518, 400. 00

7, 905,600.00

HOUSING (LOW•COST)

Private.... ··················

I

$12, 187, ooo. oo

31

I

$3. 957. 000. oo

I

$8. 214. 000. oo

MARKETS
Private••.••....•.•••.......• 1

91

$774, 607. 81

$2, 215, 915. 381 $1, 253, 807. 571

POWER
Public.••••.•..••••••••••••••

I

51

61

$24, 665, 964. 371

$1, 764, 69i. 371 $22. 901, 270. 00

PUBLIC AND SEMIPUBLIC BUILDINGS
Public ••••••••••• •••·••••••••

I

a/

61

$3, 906. 500. oo

I

$53, 000. oo

I

$3, 803, 500. 00

I

$1,097,300.00

I

$937,000.00

SEWERS
Public·-····· ..••••••••••••• ,

12

I

12

j

$2, 034. 300. oo

WATERWORKS I
Public ...•••.••••••••••••••••

Private •.•.•••.••••••••••••••

90
13

81
13

$167, 939, 859. 85
669,340.00

$9,002, 374. 00
434,140.00

$120, 929. 485. 86
135,200.00

Total. •••••••••••••••••

103

94

168, 509, JY9. 85

9,436, 514. 00

121,064, 685. 86

ALL OTHER
6

6

Private._ •••••••••••••••••••

1

1

$4. 614,000.00
4, 486, 250. 00

$200, 777. 20
2, 986, 250. 00

----------------

Total·-···············

6

6

9, 100, 250. 00

3,187,027.20

4, 413, 222. 80

Public ...••••••••••••••••••••

1 Includes

$4, 413, 222. 80

water districts.

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78

REPORT OF RECONS'.rRUCTION FINANCE CORPORATION

11.-Loans on self-liquidating projects, by types of project (under Bee. !01 (a),
title II, of the Emergency Relief and Construction Act of 193$, aa a·m.ended)
from Feb.$, 1932, to Mar. 31, 1937, inclusive-Continued

TABLE

GRAND TOTAL
Number of Number or Amount author•
loans
[zed
authorized borrowers

Amount with•
drawn or can•
celed

Amount dis•
bursed
$242, 514. 228. UI
12,007,430.00

Public ..•••••• ··-····--· ..•.•
Private_ .•••• __ •• ·-·-•. ·--._.

151
37

139
37

$314. 905,359. 73
24,312,127.63

$18, 7«, 545. 57
9, 151,197.57

TotaL .. - •••..••••••••

188

176

339,217,487.36

27, 895, 743. 14

25(,

521. 658. 25

12.-Number of borrowers and amounts of loans authorized under aec. 5 of
the Reconstruction Finance Corporation Act, as amended (1), from Feb. 2, 199$,
to Mar. 31, 1937, inclusive, by size of cities or towns

TABLE

BANKS AND TRUST COMPANIES

A uthorizatlons

Borrowers
Population or cities or towns in which borrowers are
located

1-------1------~--Number

Percent
or total

Under 5,000 .•...... ··-·· •.. ·-···· ......•.•••••.••••.••.
5,000 to 9,999 ..•..••.•.•••.•.••..•..•••••.....•.•••.•••.
10,000 to 24,999. _•.•.•••.•.•.•.•.••.••..•••••.•.•.•••••.
25,000 to 49,999 ••• ·······························-······
50,000 to 99,999 ..•.•...•••.•••.•....•.•.•.•.•.•.••..••..
100,000 to 199,999. ··············--········•··· ••••.••.•.
200,000 to 499,999 •• _·············-····· .•.•••.. ·••·•····
500,000 to 999,999 .• _··-··-···---··· •• ··-· •••..•• ····-· •.
1,000,000 and over·---·-···----··-·-·-········-·········

6, 159
502

106

70.0
8.0
7. 4
3.5
2.9
2.3
1. 4

146

2. 0

Total_.·-·-··-----· ·-----·· ·-----··-··-·-······ · ·

7,367

/\43

2.55
212
lf,6

188

Amount

Percent
of total
13.3

2.6

$328, M5, ~I. 19
127,702,421.86
193,473,347.02
14.5, 8Sl, 847. 41
283, 106,387. 70
224, 499, 845. 90
240, 952, 697. 68
448, 133, 240. 11
470, 178~666. 51

100. 0

2,462,463,535.38

100.0

h. 2

7.9
11..9

11.6
9. 1
9.11

18. 2
19.1.

TOTAL, SEC. 5 OF THE RECONSTRUCTION FINANCE CORPORATION ACT, AS
AMENDED!
Under5,000 .•••..•.. ·-·--··················-···········
5,000 to 9,999. ··-····-·--···························-···
10,000 to 24,999... ...••.•••.••••.••. •.•..............•..
26,000 to 49,999 ••• ················-·············-·······
50,000 to 99,999 .. ··-·--····--····-···········-----· .... 100,000 to 199,999. ......................................
200,000 to 499,999 •••••••••••..•...•••• ·-················
500,000 to 999,999. ••••..••.•...•.••••.•••...•.•..•.•.•••
1,000,000 and over......................................
Total ••• ·----··-·-·-·····-·······-··-·········--·

5,472
703
746
428
390
282
370
319
311

60. 7
7. 8
8. 3
4. 8
4. 3
3. 1
4.1
3. 5
3. 4

$365.~. 754.93
140,259,804.66
227,563,347.11
184,691,805.52
350,070, 132. 19
278,020,568.19
415,313, 27a, 36
631,834,800. 28
679,504,618.85

lL 1
"- 3
7. O
II. 6
10. 7
8. 5
12. 7
19. 3
20. 8

9, 021

100. 0

3,272, 267,105.09

100. 0

1----+----1-------1----

1 Exclusive or railroads, regional agricultural-credit corporations, Federal land banks, and Federal intermediate credit banks.

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79

REPORT OF RECONSTRUCTION FINANCE CORPORATION

13.-Nama and compen8ation of directors, officers, and employees of the
Reconatruction Finanu Corporation receiving from the Corporation more than
$400 per month, as of Mar. 31, 1937

TABLE

WASHINGTON OFFICE
Salary per
month

Title

Name

Jones, 1esse H.... .. . ..•.••.••••.•• .•. . ••.••... Chairman••••••.•••••••••.•.••••••••.•••.••.
Henderson, C~les B............. ............ Director ••••••••••••••••.••••••.••••.••...•.
Merriam, C. B •••••••••••••.••••••••••••.••....•••• do ••••••••••••...•.••.......•••...••••••
.SChram, Emil •••••••••••••••••••••••••.••••••..•.•• do .•••••••••••....••..••.•..........•...
Taber, Frederic H ••••.••••••••••••••••.••.••••..•.. do .•••••...•.••••..•••••.••••••••••.••..
Talley, Lynn P •.••..•••••••••...•.•••••••••.. Assistant to the drectors •••...•.•••.••..••• _
Alley, James B. ••.•••••••••.••.• ...•.• ••••.••• General counsel •..•.•.•...•.••.••••••••...•.

. ·.: : : : : : : : :

Clay, Ca.ssius M .............................. iAssistant
general counsel.. •••....••.•....•..
=F~::r~::=========================
:;B-===================================
Corcoran, Thomas 0.......................... Special counsel•••••.••••••••..•..••.•.•..•..

Eli~!:~,~::::::::::::::::::::::::::::::
~,~~~~~t
Barriger, J. W., IlL •••••••••.••••.••..••.•.••. Chief examiner, Railroad Division •.. ·-·-···
Brownell, R. A .•...•......................... _
Husbands, Sam...............................
Mandeville, Charles H. W ••••••••••••••••••..
Murchison, Frank M.........................

Chief, Agency Division ..•.•••••••......••..
Chief, Examining Division.•..••.•••....•...
Chief, Industrial Loan Division. •••.........
Special representative •.•••.••••••••••..•.•..

lu~::.·1!n:tiiaii·F::::::::::::::::::::::::: i~~n:~~~~~~::::::::::::::::::::::::::::

Taylor, R. J................................... Assistant Chief, Agency Division •..........
Klos.sner, H. 1 ................................. Assistant Chief, Examining Division••..•.•.

ff]~!}~

F .............................. -Ad,Ynistrative a.ssistant .••••.•••••••....•• _
<::ostello, W. C •••.•••.••••..•••••••.•..••••.. _ Assi~tant to the Chairman ••..••..••.......•
-Oriffln, D. B.................................. Assistant treasurer •..••..........••••..••••.
Dougherty, J. L •...•••••...•••.•.•...•••..... _ Assistant general counsel.. •..•.••••..••.••..

f~t;r!~.~!:t:":=:::::::::::::::::::: :~ii~i~~~~i~i ;~:::::::::::::::::::::::

Johnson, W. 1. .•••••••••...••••.••••••..•...•. Assistant Chief, Examining Division ..•.... _
Ribenack, W. C •..•.•••...•.••.•.•••••••••.......•. do .. ·································-··
Marffeld, C. Howard.......................... Assistant Chief, Industrial Loan Division •• _
Macartney, Morton........................... Chief engineer ••••.••......•.•.......•......
Keenan, Frank J •••••••••••• ,................. C~f~~_Drainage, Levee and Irrigation Divi·
Sullivan, William W ••••••.•••••••••••..••..•.
Allen, Ronald H..............................
Wilson, J. C .••.••••••••••••••••••••••••••••••.
Kuehl, Frank W.... .. . . . . . .. . •. . . .. .. .. . . . .• .

!%It&;-:.============================

$833.33
833.33
833.33
833.33
833. 33
11,041.67
1,041.67
833.33
833.33
833.33
833.33
833. 33
833.33
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
750.00
750.00
750_00
750.00
750.00
750.00
750.00
708. 33
708. 33
708.33
708. 33
708. 33

Examiner •••.•.•••••.•••••••••.•..•.••••••••
Assistant secretary•.••..••...•.•.••.•••.••..
Assistant Chief, Examining Division. •.•••.•
Counsel. ..•.•••••••.•••••..•••......••••.•..

~f~rr.~:~~

==========================

Shaver, Clem................................. Special assistant to the directors .••••.•...•.
~~~fl.:e!~'wlfiTaici"ii:" •••••••••••••.•..•••..•.••• Ass~tant treasurer ....••.••••••••..••••.•.. _
-Ohadduck, Harry W. •••••••••••••••••••••••.. Administrative Assistant, Agency Division_
Parks, Thomas E •••••••••••••.•••••••••••••••....• do .... ·- ...•........•.....•....•........
Elliott, David C. -················ ••••••.••• .. Chief, Statistical and Economic Division•••.
Parrish, Joel R................................ Assistant Chief, Examining Division••.•.•.•
Berrett, R. W.. •••• •• • • •••••• •. •••••• ••• . • • •• Examiner •••••.••••.••..•.......•••••••••. _.
J'raser, J. A .....••••...•••.......•.. ........ -.... do ••..••••••.•••...•....•••.••••.•.•....
\foore, Milton K .••••.••••••••••••••••••••..•••.• do ••••.•••.•.••.••••••••..•.••••••...•..
Persons, Henry Z ••••••••••••.•••••.•••.•.•••••...• do•••••.•.•.••••••••••••••• · ••••••••••••.
Ronan, Frank T ••••.•••••••••••••••••.•••......... do .••.•...•...•.•••••••...•.•.••• -..•.•..
Dodds, Chauncey Y •••••••••••••.•.•••••••••.. Chief examiner, Drainage, Levee and Irr!•
gation DI vision.
Grantham, J. P. •• .•.•.•.•••.•................ Assistant chief auditor ••••••.•.•..••••.•.•..
Hoyt, James A •••••••••••••••••••••••••••••••• Assistant to Mr. Merriam ..••••.•.••••••.•..
Greer, Frank H •••••••••••••••••••••.••••••••• Special representative ..• •-··················
Ke}·es, Paul C •••••••••••••••••••••••••••••••••.•.•• do .••••••••.....•••.•.•..••••••.•.•.•...•
Watson, William P •••••••• ••••••••••••••••••.• Examiner •••.•••...•.•.•.••••••..•••.•.•.•..
Goertner, Francis B........................... Counsel. .•••••.•.•.•.•••••.•••••.•.•.•.•.•.•
Wri2ht, Charles M •••.••••••.•••••.•....••.•...•... do ....•.............•...•••••.•.•.•.•.•..
Smith, Charles A.............................. Assistant chief auditor .. ············-···-·-·
Rossman, Richard............................ Examiner •••.••..•••.•.......•.••••••••. _. __
Davis, Thomas H •.•••••••••••••••••••••••••••.•.•. do •••••••••••.•..............••.•.•••.•.•
Johnson, L. E............. . .................... do •.•.•••.•..... ·-··--·····-·-···········
• On leave of absence without pay,

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708.33
666. 67
666.67
666.67
666.67
666.67
641. 67
633. 33
625.00
625.00
625.00
625.00
625.00
625.00
625.00
1125.00
625.00
625.00
625.00
625.00
625.00

MS.33
583.33
583. 33
583. 33
583.33
583. 33
583. 33
566.67
566.67
562. 50
562.50

80

REPORT OF RECONSTRUCTION FINANCE CORPORATION

13.-Names and compensation of directors, ojficertJ, and employeea of the
Reconstruction Finance Corporation receiving from the Corporation more than
$400 per month, as of Mar. 31, 1937-Continued

TABLE

WASHINGTON OFFICE-Continued
Name

Title

Knarr, M. W ---------------------------------- Assistant to the secretary. _________________ _
Young, R. D ________ -------------------------- Administrative assistant. __________________ _
Armistead, Robert P __________________________ Examiner __________________________________ _
Boggs, Verner ______________________________________ do ______________________________________ _
Cloninger, C. W ____________________________________ do ______________________________________ _
Griffin, Charles N __________________________________ do ______________________________________ _
Howard, Ernest B _________________________________ do ______________________________________ _
Lawrence, Donald E _______________________________ do ______________________________________ _
Lewis, Charles B ___________________________________ do ______________________________________ _
Mielenz, Louis M __________________________________ do ______________________________________ _
O'Bleness, E. J _____________________________________ do ______________________________________ _
Seabury, R. M ________________________________ _____ do ______________________________________ _
Seeley, Harold J ____________________________________ do ______________________________________ _
Stafford, Bayard c _________________________________ do ______________________________________ _
Strong, Albert L __ . _---------------------- ---- _____ do ______________________________________ _
Toole, J. E ________________________________ ---- _____ do __________ ----·-----------------------Wadden, Thomas A _______________________ ---- _____ do ____________ • _________________________ _
Ward, Maxwell ____________________________________ do ______________________________________ _
Drager, Walter L_____________________ _____ ____ Engineer ___________________________________ _
Norton, Jobn E ____________________________________ do ______________________________________ _
Healey, George W ------------- __ ___ __ _________ Special representative ______________________ _
Blair, Smith___________________________________ Examiner __________________________________ _
Clayton, Laurance J ________________________________ do ______________________________________ _
Dickinson, R. G ____ -------------------------- _____ (lo ______________________________________ _
Gale, George J _________ ___________ _______ __ ____ CounseL. __________________________________ _
Glueck, Nathan H ________________________________ _do ______________________________________ _
Stansfield, Edgar A ___________________________ _____ do ______________________________________ _
Galt. Alexander B _____________________________ Assistant secretary _________________________ _
Hoeltzel, Lloyd c _____________________________ Assistant to Mr. Taber _____________________ _
Kannee, Ilenry M_________________ _____ ___ ____ Liaison representative ______________________ _
Merritt, Arthur B _____________________________ Administrative assistant, Agency Division __
Beck, W. C., Jr_------·--·-----------------·-- Chief accountant_ __________________________ _
Lescallett, George A ___________________________ Chief, Authorization-Cancelation Section __ _
Farrell, Edward A ____________________________ Supervising accountant_ ___________________ _
Oddie, Tasker L _______________________________ Special field representative _________________ _
Roper, James H ___ ____________ ________________ Supervising engineer_----------------------Rait, Donald M _______________________________ Engineering examiner ______________________ _
Henry, Heber_________________________________ CounseL • _________________________________ _
McCarthy, Arthur F -------------------------- _____ do __________________________ c___________ _
Rosenwald, Harold _________________________________ do ______________________________________ _
Wilson. Robert G __________________________________ do ______________________________________ _
Wolford, Albert M ____ _____________________________ do ______________________________________ _
Giddings, William C __________________________ Examiner __________________________________ _
Jenkins, Hugh Powell ___________ ---- _______________ (lo ______________________________ • _______ _
Mack, Bryan _______________ --- _____________________ do ______________________________________ _
Peery, Robert W _______________ --------------- _____ do ______________________________________ _
Robertson, Hilton W ____________ -------------- _____ do ______________________________________ _
Rochelle, William J _____________ -------------- _____ do __________________________ ·-----------. Stewart, Adelbert '!' ________________________________ do ______________________________________ _
Talman, Carter ____________________________________ do _____________ ---------------· _________ _
Tigrett, A. K ________ ______________ ---·-·------ _____ do ______________________________________ _
Tracy, Frank T _______________________________ Chief clerk _________________________________ _
Estes, George L _______________ ---------------- Examiner _____ -----------------------------Etheridge,
Julian
c_ -------------------------do _______
------------------------------ ___
House, Perry
.IL ____________
-----------·------ _____
_____ do
______________________________________
Luce, George P _______________________ --------- _____ do ______________________________________ _
Klagsbrunn, Hans A__________________________ CounseL ___________________________________ _
Livingston, Schuyler w ____________________________ do ______________ ------------------------Joyce, Walter E_ ____ __________________ ________ Administrative assh;tant. __________________ _
Shepard, Guy B_______________________________ Administrative assistant, Agency Division __
Burrowes,William
Alfred D
------------------------ Examiner_---------·-·------·_____________ __
________________________________
do ______________________________________
Henrich,
A ___
Hoover, James Q ___________________________________ do _____________________________________ _
Reed, W. Q ________ -- ------------------------- _____ do ________________ ----------------------Snyder,
R ______
do _____________
------------·-------------_
Goodale,T.
Robert
c_---------------------------___________________ ________ _____
CounseL
___________________________________
Halsted,
J.
Donald
______
---------------------Special
assistant
_____
Coke, William H ______________________________ Special representative-----------------------______________________ _
W. H_ L-------------------------______ Supervising
accountant__·-----------------Bladen,
Riddel, James
_______________________________
Chief, Interest
Section _____________________ _
Burton, Roy E ________________________________ Engineering examiner______________________ _
Luther, Forrest________________________________ Appraiser __________________________________ _
Mashburn, L. W __ -----------------·---------- _____ do _____________________________________ _
Worthington, L. s__________________________________ do _____________________ • ________________ _
Edelman, Edward_____________________________ CounseL ___________________________________ _
Gunderson, Harvey J _______________________________ do ________________ ••• ___________________ _
Hill, George H., Jr __ -------------------------- _____ do ______________________________________ _

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Google

Salary per
month
$541.67
Ml.67
MU7
Ml.67
Ml.67
Ml.67
Ml.67
Ml.67
Ml.67
Ml.67
Ml.67
Ml.67
Ml.67
Ml.67
611.67
611.67
611.67
611.67
Ml.67
611.67
533.33
5:al.83
5:al.83
5:al.83
516.67
516.67
516.67
!rn.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
500. 00
483. 33
m.11
479.17
479.17
m.11
466.67
466.67
466.67
458. 33
458. 33
4,58.33
4.58.33
458.33
458. 33
458. 33
458. 33
458. 33
450. 00
450. 00
450. 00
450. 00
450. 00
450.00
. -!50.00
450. 00
450.00

REPORT OF RECONSTRUCTION FINANCE CORPORATION

81

13.-Names and compensation of directors. officers, and employees of the
Reconstru.ction Finance Corporation receiving from the Corporation more than
$400 per month, as of Mar. 31, 1937-Continued

TABLE

W ASRINOTON OFFICE-Continued
Salary per
month

Title

Name

Bolland, Bernard P., Jr •••...•.•••••••••••.... CounseL..................•...............••
Hutchinson, A. S••••.•.•••••••••••••••••.••••••.•.• do ...................................... .
Ward, Peter C................................. Administrative assistant. .................. .
Chase, John H ...•...•.•••.•...•...•..••...... Assistant Chief, Statistical and Economic
Division.
Warren, Frederick H.......................... Engineering examiner .....................•.
Collins, JaII'es H ...•.....•...••..•.••.....•... Admin\s!rative !'-85istant, Agency Division ..
Robert, F. H.................................. Superv1smg engmeer .....•.....•............
Easley, Robert J.. .......... .................. Appraiser ....•.............•.....•..........
Fletcher, William Meade, Jr ..••.•...•...•.••. Counsel. .........•...........•.......•.•....
German, Charles Z ••••••••••••••••••••••••••••••••• do .••••................•.................
Hobbs, William J ..................•....•........•.do .........•.•...•.......................
Radner, William ...........•.........•..•.•........ do •..•.....••...•...• _....•.•............
Russell, Lewis C ......•....•...•..•.•...•.......... do ......•.•.....•........................
Stewart, C.H ...................................•.. do ......•.....•.....................••...
Stoner, George B ...............•................... do ......•................................
Randolph, Hollins N .....•.................... Attorney •............................•.•....
Baden, James H... ........•................... Examiner ............................•••...•
Chatterton, Joseph V ..••.•.....•.......•........... do ....•................................ _.
Dawson, Donald 8 ••••••.•••••••••••••••••••••.•••• do ..••.........................•.........
Herrman, Herbert J ..•.•.••••..•••••••..••••••.••.• do ..••......•............................
Pendleton, Edmund E ............................. do ..............•........................
Roj?ers, Hatton B .......•.•••..............••...... do ........•.•.............•.....•........
Stafford, D. N ..•.•.....•.•.•.........•............. do ..•.....•....•.........................
Willett, William E ......••...•..••.........•....... do ...................................... .
Williams, John F .............................. ..... do ...................................... .
Ralls. Fronk C .....•...•.............•........ Appraiser ............•......................
Wa!!Iler, "\Yaltor D .................•............... do ............................•..........
Lewis, Mordecai.............................. Engineering examiner ...................... .

$450.00
450. 00
433. 33
433. 33

425. 00
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. ~7
416.67
416. 67
416. 67
416.67
416. 67
(')
(')

416.67

LOAN AGENCIES•
Atlanta, Ga..:
Cocke, Erle............................... Manager ..••......••............••.•.•••••.•
$700.00
Chadwell, W. A ........................... Assistant manager .......................•...
416. 67
Reynolds, 0. P............................ Field representative ..•......................
500.00
Birminghs.m, Ala.:
Cottingham, T. 1.......................... Manager ................................... .
600.00
Boston, Mass.:
Camey, Joseph P . ............................. do •.......•..•••••..••..•••.....•........
833. 33
Jones, Ralph B ••...•...•..•••.••.•••.•.... Assistant manager .......•.•.•..•..•.......•
541.67
Hagerty, John J .......•........................ do .................•.....•.•.....•.......
500.00
Me.cLean, Daniel P ....................... Examiner ....•............•...••..........•.
483. 33
Scott, Wliliam N .•..•••••.....•....•....•. Chief examiner........•......•.•.........••.
458.33
Charlott,e,, N. C.:
Campbell, John A., Jr.••.••.••••••••••••.. Manager .....•......•.••......•.....•.......
500. 00
Chicago, Ill.:
Gallagher, F. D ...••••••••...•••••••.••........ do ....•........••••...........•.••••.....
833.33
Black, Craig 0............................ Assistant manager ..•....•..........•••••.•.
625.00
791.67
"\Valker, Lee............................... Attorney ..............•..................••.
Ernst, D. W ....•.••••••.••.••.••••.•..•.. Chief, Loan Liquidation Division ....•••.•••
625.00
625.00
Fordyce, William C •.•.•.•••••••••••...... Examiner .••••...•..•...•••••..••••.••.•.•••
625.00
Mattingly, B. Archibald ...••••••..•........... do ....•••••....•..••.•••...••••••••.•••.•
583.33
Hoel, M. 0 .......•..•.•.••••••••.......... Attorney ....•..••••••••.•••••••.•••••....•..
Gregson, William F .••••••••••••.....•.... Examiner ...••••.•••••••••.•.....•.••.......
541.67
500.00
Boysen, Louis K .......................... ..... do .....•......•.•......••.•.....••.......
500.00
Mudgett, C. F ................................. do .....•........••....••••....•••..••.•..
500.00
Standish, M. L .....•.•.••••••.•...•....•.. Assistant to the manager..••...••••..... s •••
475.00
WrJters, Harold 8 ••••••••••••••••••.••••.. Attorney ..•.....•••••.•••...•.•.•.........••
Gill, Charles R............................ Examiner .•....•.•••.••••...••.•...•.•...••.
458. 33
Schaefer, ,valter V. ..•••..••.•••.....•.... Attorney .•.••....••.••..•....••.......•.••••
433. 33
Kelson, Harvey F ••••••...•....•......•..• Examiner ..............•..•.....•••.•••...•.
416. 67
Tuohy, Arthur •••••••••.•...•••••.....•.•...... do ...•••••..••......•.••....•....••...••.
416. 67
CleveJ·.nd, Ohio:
7111. 67
Gelbsch, Loring L •••••••.••.••...•••••..•• Manager .....•••.•••••••.•••.....•...•••...•
541. 67
Davies, M. c_ ...•........................ Assistant manager ..•..•... -·-·•··-··-······
541. 67
'Wn<lsworth, J. L ...•••••.••••.•.•..•.•.•••..... do ...•.•........•.............•....••..•.
500.00
KH!l)bCk, Jumes M........................ Chief, Loan Liquidation Division.•.•.••....
• Paid from Jan. 1 to Mar. 11 at salary rate of $416.67 ~r month. Thereafter on per-diem basis, but no
payments made from Mar. 12, 1937, to March 31, 1937, mclusive.
• Paid from Jan. 1 to Feb. 28 at salary rate of $416.67 per month. Thereafter on per-diem basis, but no
J)8yments made from Mar. 1, 1937, to March 31, 1937, inclusive.
• F.xc-eJ)t as herein Indicated, attorneys handling legal matters of the various agencies of the Corporation
do nvt rec-eive salaries but are paid in the customary wa} according to the character and volume of the work
performed and therefore are not Included.

153608--37---6

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82

REPORT OF RECONSTRUCTION FINANCE CORPORATION

13.-Names and compensation of directors, ojficer11, and employeea of th,
Reconstruction Finance Corporation receiving from the Corporation more than
$400 per month, as of Mar. 31, 1937-Continued

TABLE

LOAN AGENCIES •-Continued
Name
Dallas, Tex.:
Glidden, L. B-----·····-······· -········ ..
Detroit, Mich.:
Coit, Gladding B .... ___ -··············-·-·
Hodgson, Reymond J _--··-·-·--··-----···
Nelson, Fred F ___ ... _·-·--···--···-·-·-- ·Massnick, Allred '\V·-··--·--·····--··--·-·
Vogt, Arthur H .. _--···-·-···· __ -·----·-··
J'acksonville, Fla.:
Farwell, Fred H ... _... ·····-··--------·- ·Xans:os City, Mo.:
Hodges, Frank. ___ ... __ ····-··-·------·· __
Powell, David H·-·-····-·-·-·--------···Rice, Carl V... ___ .. ··-· --·-··· -·- --·---· ·Little Rock, Ark.:
Jarrett, J. W. _---·-·-·····--·······-··-···
Los Angeles, Calif.:
Louf!/fitt•K~~~tor C·-···---···-----···-··-··Abell, J. Fort.._. ___ .. -···--··-··-·-····- ..
Humphrey, Lovell M •.. ·--·---·--··-··-··
Minneapolis, Minn.:
Maynard, Ben C .. ·-···--···-·-. ·······-··
Power, George C.·-·····-·-··--······----·
Nashville, Tenn.:
Gardenhire, J. M_ ..... -··'·····- ·- -·-· ··-·
Da vis, Lee_-···--·····----·-··--··----····
New Orleans, La.:
Buskie, George F ___ . -······-·- --·- .. -·····
:Robertson, George W-··-·-·-··--··-·-···O-reen, Justin______________________________
Xnight, M. J-·--·-·-··--····---·-·········
Goodman, Samuel L-·······--··--····---·
Griffin, James L-·················-··-·-··McCain, H. L-··----·--·····-··-··-·--··-McGaughy, Snowden.-··-·········-··-·-New York, N. Y.:
Abeam, Thos. J., Jr·-·----···-··-···-···-·
'Tyree, Young.-···-····-·-·-·----·-··-____
:Smith, Frederick P --··-··--· ····-········Farthing, William J -······--·······--·---Weinstein, Walter H-·--·········--·-····Hannan, Edward A ... ·-···-··········-··Evarts, Effingham._-·--·-··-····---······
Sc_hneider, John Thomas •.. ·······-·-··-··
Xavanagh, Thomas P ············-······-:Barrett, F. H---·······-············--·····
:Boothe, David F .... ·················-····
Reilly, Edward J ••••••••••••••••.. ·--- ·-··
Summers, George.·-···-·-··-··-····--··--·
Stevens, Harry L. _·········--··--··-·····
Frey, Charles L ..••. -·•········---····--·Linn, Henry A __ ---··-········-----·----··
Sutherland, Conrad J .. _. ---·-- --·----··-·
Clarke, A. J., Jr_ ___ ·······---·····-······Oklahoma City, Okla.:
Eagen, J. c_ .... ··-···-··············--·-·
Omaha, Nebr.:
Daniel, Herbert s_ -··- __ ····-· .. --·--·····
Philadelphia, Pa.:
Kiesling. Robert J ..•••. _.. -····· --·····-·Scott, E. Raymond--·---··-·--···-·-····-Amsterdam, Gustave G-··-···-··--·-----Gretz, Arthur A--·---·······-··--·--······
Walton, Henry F., Jr __ ·····--·-······---··
Portland, Oreg.:
Slade, E. F-··········-·-······-···········
Richmond, Va.:
Gilmer, Henry G--·-···-···-·······-·· ·--·
Staples, E. W. _. _. -····-··- -··. -·- -··-··-·
Waters, W. Murray···-··········-·-·-···'Salt Lake City, Utah:
Smith, Elias A .. ··-···········-·---·-··--·
i'lan Antonio, Tex.:
Meerscheid t, Otto_ .•••.. -· .•.•.. _.-··· .. ·"'Beep. 81.

Salary per
month

Title

Manager ......•.••.•.••.•..... --············

$458.33

_. __ .dO----··· ........ ·····-···-··-······· ··-Assistant manager_···•·-•-·-···-·-·---·-··__ .. _do .. ____ .-···-···-····---···----·--··---·
Office counseL_··-····--··-·-··----··-···-··
Examiner_·····-·····.····-·-·······---···--

7111.87
450.00
416.67
500.00
500.00

Manager .••..... ··-·-········-···-········--

500.00

. ____ do ____ ._ .. _.. _____ ··-·····--··- .. _···-···
Assistant manager_._--·----·-----····--··-CounseL_ -·- --·-·- --·--··--···-······. -····

833.33
416.67
500.00

Manager __ ················-·-·····-·--···-··

500.00

.... _do ___ ······················-··········-··
-··._do·-····-·_-·······················--··-·
Assistant manager-···-·········-··········-

500.00

Manager ... -·-·-····--·-········-····-······
Assistant manager··-··-···········-·-·-···-

625.00
460.00

Manager ___ .·- ___ -·-·--·-·-··-·-··--·······Assistant manager __ .···-··-··-····-········

583. 33
468. 33

Manager _____ ... ----··-·--· ....••. -·-·····-·
Assistant manager .. ··-·-···•·····-·-··---·Examiner __________________________________ _
... __ dO-------···--··-····-···-···-·--··--····
Agency counseL.·-······---················
Examiner--·······-··-···-·-······--·····-··
-.... do __ ······-·-········-····-··········---·
__ .. _do __ .. _··········-·················-·····

833. 33

Manager.·-··-········-··················-··
Assistant manager .... -·····················
Agency office counseL-···-·····-····--·····
Examiner. ____ -·--··.-··-·-·······--·-·-···Special assistant .. ·-··-·········-············
Examiner._.·······-·····-·-·--······-·····Assistant agency office counseL ••••••• _••••.
__ ._.do ____ ·-·-···-··-························
Examiner.-·-·····--···········-·-····-···-·
Special assistant .•••.••.•••••••..••.•••..••.•
__ ... do_·-········-··························Examiner ..•...•••••••.....•••...•••••...•..
Attorney···--·····················--····-···
Examiner_._._··---···--··---·-·-···········
Chief, Loan Liquidation Division ••••• -•....
Attorney ____ ··--··-··--···-··-----··········
____ .do _______ -·······-······-····--······-·-·
Office manager. ... ·-······-··•-·············

833. 33
708. 33
833. 33

4711.17
416. 67

500.00
500.00
458. 33
416. trl
416. 67
416. trl
416. 67

7!11. ff1
750.00
666. f/1
625. 00
625.00
525.00
500.00
500.00
500.00
500.00
483. 33
458. 33
458. 33
416. 67
416.67

Manager---··-·····························-

450.00

.•••. do .•.••. ·-·--··-·························

500.00

. _.•• do _____ ···-···· .. --·-········-···········

833. 3.'l

Acting assistant manager-···············-···
Office attorney_······-··-····--·····-·······
Examiner.---··-·-- __ -- --·-·-··--····--·····
Acting assistant manager .. -••.•.••••••••••••

458. 33

500.00
441.67
416.67

Manager ..•.••.•.• ·-······-········-···-·-··

500.00

.. ___ do .....•. ·-····-···-·········-·-······•-·
Assistant manager ___ ····-·-·····-··········
Chief examiner...•... ·•······-··············

500.00
416.67
416.67

Manager-·········-·····-··-··-···········-·

450.00

•. __ .do ..•.•. -··. -••. -· .••.• --···· --......•.••

500.00

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REPORT OF RECONSTRUCTION FINANCE CORPORATION

83

13.-Nam/18 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, 1937-Continued

TABLE

LOAN AGENCIES <-Continued
Name

Salary per
month

Title

San Calkins,
Francisco,
A. Calif:
A ____________________________ _ Manager ___________________________________ _
McCullough,
John
S., Jr--·-------------·--_ Assistant manager _________________________ _
Hossack, Harry
F ________________________
Examiner _______ -----··--- _________________ _
Mo.:
St. Louis,
Vardaman, James K., Jr __________________ _ Manager ___________________________________ _
Snyder, John w__________________________ _ Acting manager ____________________________ _
Sain, Frank J ___ -------------------------- Assistant manager _________________________ _

$750.00
500.00
500.00
833. 33
708.33
450.00

14.-Statement of cash receipts and expenditures during the first quarter,
Jan. 1, 1937, to Mar. 31, 1937, inclusive (Corporation's accounts with Treasurer
of United States)

TABLE

Cash balance at the close of business Dec. 31, 1936, as per the books of the Treasurer of the
Corporation ____ --------------------------______________________________________________
Add:

Checks issued prior to Jan. 1, 1937, canceled subsequent to Dec. 31, 1936_
Corr&'tions of errors reported to the treasurer subsequent to Dec. 31,
1936 ___________________ ----------------------------- -----------------

$5, 788, 4Zl. 01

$3,166.83
79,747.29

Adjusted cash balance at the close or business Dec. 31, 1936 _________________________ _
Receipts:
Sale of notes_----------------·------- ----------r-------- ____ __ ________ $70,360,000.00
Repayments on loans:
.
To banks and trust companies (Including receivers)_ $23,355,832.67
To credit unions___________________________________
63,401.81
To building and Joan associations (including re360,473. 70
T~~e;~ce compani,es ____ -------------- ________ _
300, 139. 77
To Federal land banks____________________________ _ 10, 150, 969. 61
To joint-stock land banks _________________________ _
102, 116. 13
To livestock credit corporations ___________________ _
56,336.86
To mortgage loan companies ______________________ _ 13, 170, 489. 43
To agricultural credit corporations ________________ _
103,516.33
To
rdilroads
___ ---------------------------_______ __ 5, 620, 668. 32
To fishing
industry
_________ , _____________________
18,500.00
To industrial and corrurercial business ___________ ._ 3,570,890. 61
To mining, milling, and smelting business ________ _
82,716.49
On assets of closed banks _________________________ _
89,859.83
For self-liquidating projects (par $91,049.56) __ . _.. __
91,049.56
For repair or reconstruction of property damaged
by earthquake, etc.:
Under sec. 201-a, act or July 21, 1932, as amended
94,898.61
Under act of Apr. 13, 1934, as amended:
Industrial and commercial business _______ _
22,961.49
Other ______________________ .. _______ .. _._._
23,706.66
For financing the carrying and orderly marketing
of agricultural commodities and livestock produc•
ed in the United States:
Commodity Credit Corporation ______________ _ 55,748,933. 16
Other __________ -· ____ -- --- --- -- . - . - ... --- -- -- -•
234,742.08
To drainage, levee, andi.rrigation districts ________ _
68,212.96
Secured by preferred stock:
Insurance companies___________________________ 1,235,050.00
Banks and trust companies____________________
697,759.70
115, 263, 225. 78
Preferred stock, capital note and debenture retirements ______________ _ 25, 343, 077. 40
Relief disbursements (1932 act) repaid ________________________________ _
6, 354, 500. 00
Preferred stock installment sales contract_ _____ • _____________________ _
127,529.92
Sale of securities purchased from Federal Emergency Administration
12,636,027.
76
of Public Works-----·--------·--------·-------------·-------------l'unds of5,
000,
000.
00
The RFC Mortgage CO---·-·---·-·-----·-·--·----------·--------Disaster Loan Corporation ____________ .• -· __ --··---- ___________ --·
1, 999, 000. 00
1, 600, 000. 00
Export-Import Bank of Washington_----------------------------·
Interest and discount collected __ ----------------------··-------------- 11, 830, 932. 84
D(vide_nds
col\ected_____
on preferred
stock purchased
(including interest on_
mtenm receipts)
-· ________________
. ___________________________
7, 403, 703. 78
Interest collected on capital notes and debentures ____________________ _
2, 795, 645. 68
670. 48
Accrued interest on notes sold __ -----------------------------------·-Premium on sale of securities purchased from other governmental
308,013.28
Re'1:i%~fsable expense collected ______________________________________ _
304,710.47
Repayments on advances for care and preservation of collateraL •• ____ _
1, 311, 000. 16
2,321.31
Collections on collateral (cash collaterall----·-··-·-·--·--·---·--·-··-·

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5,871, 341. 13

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84

REPORT OF RECONSTRUCTION FINANCE CORPORATION

14.-Statement of cash receipts and expenditures during the first quarter,
Jan. 1, 1937, to Mar. 31, 1937, inclusive (Corporation's accounts with Treasurer
of United States)-Continued

TABLE

Receipts-Continued.
Liquidation of collater elpurchased_______________ _______ ______________
$409,620. 73
Funds held as trustee !or series A notes of Commodity Credit Corpora•
tion ________________________ ...•• -·--··-··- _____ . __ -· ___ ···- ·- ___ ••.•
625,312.68
Remittances held in suspense_··-···-·-·-·-·-----·---·-·---·-----·--·· 17, .548, 226. 20
Unallocated, pending advices __ --·----- _______ .. ___ --··--·-·-·---·····
3,638,853.40
Miscellaneous (including amounts credited in error) ...... ·-···-·-·--··
64,670.87
- - - - - $284,927,042. 74
Expenditures:
Retirement of notes---·-·-···-·---·-··········-······················· 120, 900, 000. 00
Loan disbursements:
To hanks and trust companies (including receivers). $3,887,013.64
To insurance companies __________________________ _
155,921.66
343,087.85
To joint-stock land hanks .. ---·-·······-·······-···
To mortgage loan companies ______________________ _ 9, 846, 423. 07
11,875.00
To fishing industry ________ -------·--·-·······---To industrial and commercial business ____________ _ 3, 87Y. 048. 11
To minir1g, milling, and smelting business ________ _
204,000.00
40,573.66
On assets of closed banks_-··-·-----·-········---··
For self.Jiquidating projects (par $13,621,000) ______ . 13, .546, 896. 92
For repair or reconstruction of property damaged by
earthquake, etc., under act of Apr. 13, 1034, as
amended:
63. 950.00
Industrial and commercial business ... •-·-··--·
82,121.84
Otber ___ ···--···--- -------------------- ____ ---·
For financing the carrying and orderly marketing
of agricultural commodities and livestock produced in the United States:
Commodity Credit Corporation_·····--······· 36, 715, 621. 27
3f,3, 717. 09
Other..- __ --·······-·- - - - -· - ---- ·-· - . - --· .... -·
To drainage, levee, and irrigation districts ________ _ 3,531,448.03
53,420.47
To public-school authorities _______ ·---········--···
498,000.00
To Rural Electrification Administration._ ........ .
73, 223, 118. 61
Purchases of preferred stock and cpaital notes, banks and trust com•
2, 035, 000. 00
parries_ •. ·-·---·-·-·-·-· - --·· ... -·- - - - - •- - -··· -··· ·· - - -· ····-·---·-5, 000, 000. 00
Purchase of stock of The RFC Mortgage Co_················--···--··
2, 000, 000. 00
Purchase of stock of Disaster Loan Corporation._···-·-------·----····
Purchases of securities from Federal Emergency Administration of
Public Works_····--····-···-·-···-···········-------------··-······ 15,485,981.82
2, 465, 734. 32
Withdrawal by The RFC Mortgage Co. of funds held for It._ ...•.•..
109,015.10
Withdrawal by Disaster Loan Corporation of funds held for it .•.•.•..
Allocations to other governmental agencies:
To Secretary of the Treasury for purchase of stock of
Federal home.loan banks .....•••••...•..• ·-···-·· $2,136,700.00
To Federal Housing Administrator ...... ·-·····---· 4,000,000.00
For expenses, regional a~ricultural credit corpora•
tions (under Farm Credit Administration) .•.. ___ •
247,000.00
For expenses, Federal Emergency Relief Adminis•
tration_····-····························-· .. -·-···
341. 76
6, 384, 041. 76
1, 043, 649. 73
Advances for care and preservation of collateral .•.•....... ······-·-····
9,472.81
Collateral purchased •• ·-·-··- ..•..•.... _._ .•............. ______ • - - ...•
59,757.71
Advances for care and preservation and expense of collateral purchased_
386,739.69
Refund of interest and dividend overpayments._·····-·-·············
1,650,000.00
Release of cash collateral (Commodity Credit Corporation)_ .•. ·-·····
Release of funds held as trustee for series A notes or Commodity Credit
35,665,414.
77
Corporation_ ......... _._ ... _.......•........•.. -· - -••.•...........•
4, 119,078. 55
Release of funds held in suspense ..•.•..........•.• _.•.•...•.......•••
14,
518,
393.
40
Interest on notes_._.-··-··-·········-···········-·-··-··············-·
318,047.05
Accrued interest on securities purchased_···-···············-···-·-···
7,806.71
Furniture and llxtures ............ ·--·······-·························
Expense:
1, 102, 500. 00
General._-·········-··············· ......•••••••.......•.......•••
926,154.09
Loan agency•.....•••..•... _.•.•...•........••.•••.•...•........••
31'8, 607. 84
Custodian .........•...•.•.•••.•.•....•.•.••.•.. _......•....•.•.••
342,731.34
Reimbursable expense_·--·····-·········· ...•...•.. -·····-···-·-·--··
Miscellaneous (including refunds and adjustments for amounts cred•
181,888.94
ited in error) ••...•.•.•••••••.•••••••••..•••••••.....•.....••••••••••

------

290, 798, 383. 87

288, 303, 225. 14

2, 495, 158. 73
Cash balance at the close or business Mar. 31, 1937•••••••••.••••••••••••••••••••••••
NOTE.-In addition to funds on deposit with the Treasurer or the United States, custodian banks and
trustees held in suspense funds which amounted to $281,271.84 at the close or business Dec. 31, 1936, and
$311,595.99 at the close of business Mar. 31, 1937.

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85

REPORT OF RECONSTRUCTION FINANCE CORPORATION
TABLE

15.-Statement of condition as of the close of business, Mar. 31, 1937
ASSETS

'Cash on deposit with Treasurer or United States ______________________________ -------- __
Funds held in suspense by custodian banks and trustees __________________________ -----Petty cash funds, travel and other advances ___________________________________________ _
17. S. Government securities {par) ___ . ________________________________________________ ._
Allocated for expenses, regional agricultural credit corporations prior to May 27, 1933 1__ _
Allocated for expenses, regional agricultural credit corporations since May 26, 1933 (under
Farm Credit Administration)•- ______________________________________________ --------Allocated for Federal Emergency Relief Administration (1933 Relief Act) ______________ _
Allocated for Federal Emergency Relief Administration (under Emergency Appropriation Act or 1935) •---- _______________________________________________________________ _
.Allocated under Emergency Relief Appropriation Act or 1935 '-------------------------Allocated to Secretary of Treasury•----------------------------------------------------Do.•-------------------- -----------------------------------------------------------_rnocated to Land Bank Commissioner'------------ ____________________ $300,000,000.00
Less, reallocated to Federal Farm Mortgage Corporation________________ 55, 000, 000. 00
.~!located to Federal Farm Mortg"!(e Corporation ______________________________________ _
Allocated to Federal Housing Administrator'---- _________________________________ . ___ _
.Allocated to Secretary or Agricultures __________________________________ $200,000,000.00
Less:
Reallocated as capital regional agricultural
credit corporations ____________________________ $44,500,000.00
Rea\lo_csted_ to Governor of Farm Credit Admw1Strat1on_ ____ ____ ___________________ ______ 40,500,000.00
- - - - - - - 85,000,000.00
Capital regional.agricultural credit corporations_________________________
.~llocated for revolving fund (capital regional agricultural credit corporations)_______________________________________________________________

15,000,000.00

$2, 495. 158. 73
311. /i95. 99
20,715.36
2, 797, 000. 00
3, 108, 278. 64
13, 268, 500. 00

500, 000, 000. 00
500, 000, 000. 00
500, 000, 000. 00
124,741,000.00
200, 000, 000. 00
245, 000, 000. 00
55, 000, 000. 00
50, 000, 000. 00

115, 000, 000. 00

29,500,000.00

Allocated to Governor Farm Credit Administration ___________________________________ _
Stock:

Commodity Credit Corporation, purchased ______________________ ----- ____ ----- ____ _
Disaster Loan Corporation, purchased ______________________________ ---------------Relief
(1932 act): Advances to Governors of States and Territories, pro-_
C<'edsauthorizations
disbursed ______________________________________________________________________
Interest on notes issued for fund.• for allocations and relief advances_____________________ _
Relief authorizations (1932 act):
Advances to municipalities and polltiool subdivisions including Puerto Rico, pro•
reeds disbursed (less repayments) _______ -----·-----------------------------------Loans under sec. 5:
.
Proceeds disbursed (less repayments):
Banks and trust companies•-------------- ______________________ $178. 315,859.43
Credit unions___________________________________________________
226,251.58
Building and loan associations•-----------------------·---------2,096,363.89
Insurance companies ________________ ---------------------------3,862,503. 20
Federal land banks_____________________________________________
14,517,420.09
Joint-stock land hanks _______ ----------------------------------1,962,745.91
LivPstock credit corporations___________________________________
324,834.81
Mortgage loan companies•-------------------------------------- 126,330,055.10
Agricultural eredit corporations_________________________________
44,272. 72
Railroads (including receivers)---------------------------------- 340,367,222.44
Fishing industry________________________________________________
537,711.69

44, 500, 000. 00
40, 500, 000. 00
97, 000, 000. 00
2, 000, 000. 00
280, 025, 518. 00
22,361,015.90
Q,

202, 693. 00

668, 585, 249. 86

Proceeds not yet disbursed:
Banks and trust companies•-----------------------------------Building and loan associations•------------------------------- __
Joint-stock land banks _______ . __________________________ --- ----Mortgage Joan companies•-------------------------------------Agricultural credit corporations _______________ ----------_ --- ___ _
Railroads ________ --------------------------------------- -- ---- -Fishing industry ____________________ --- ----------- ---------- __ -·

40, 076, 215. 05
921,017.93
1,572,912. 15
84, 571, 735. 69
80,727.28
5, 000, 000. 00
60,125.00
132, 282, 733. 10

Loans
to industrial
and Oess
commercial
business:
Proceeds
disbursed
repayments)
__________________________________ ----- _________ _ 63, 493, 487. 65
Proceeds not yet disbursed _____________________________________ -----·- _______________ _ 28, 594, B7. 30
Loans to mining, milling_, and smelting business:
1, 458, 78.1. 51
Proceeds disbwsed Oess repayments)_-----------------------------------------------Proceeds not yet disbursed ________________ -·---- __ --··------ _________________________ _
5, 967, 000. 00
Loans on assets of closed banks:
1, 259, 805. 47
Proceeds disbursed Oess repayments) - ---- ----- --·---- -- -- - --- -- ---- --- ------- -- -- ---619,487.88
Proceeds not yet disbursed __________ -- ____ ----- ------- -- __ ---- -- _- ---- -- - - -• --- - -----Loans and contracts for self-liquidating projects:
Proceeds disbursed (less repayments) (par $202,281,596.50) ____________________________ _ 199, 772, 115. 41
Proceeds not yet disbursed (par $56,954,500) __________________________________________ _ 56, 800, 085. 97
Loans for repair or reconstruction of property damaged by earthquake, etc.:
8, 723, 782. 97
Proceeds disbursed (less repayments) _____ ------------------------------ _____________ _
l, 617,410.18
Proceeds not yet disbursed ____________ --------------------------------------- ________ _
Loans under sec·. 201-c, for financing sale or agricultural surpltLses in foreign markets: Pro"'-'<'<ls disbursed (less repayments) ______________________________________________________ _
46,895.99
Loans for financing the carrying and orderly marketing of agricultural commodities and
livestock produced in the United States:
81, 10\, 491. 5Q
Proceeds disbursed
(less repayments)_-------------------·---------------------------·
Proceeds
not yet disbursed
___________________________________________________________ _ 209, 723, 089. 11

See footnotes at end of table.

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86

REPORT OF RECONSTRUCTION FINANCE CORPORATION

TABLE 15.-Statement of condition as of the close of business, Mar. 91, 1997-

Continued
ASSETS-continued
Loans to drainage, levee, and irrigation districts:
Proceeds dishursed (less repayments)_-·······-·························-· ...•.•••.•.• $67, 744, 146. 29
Proceeds not yet disbursed ___ . __ -· __ ...•.. ··················-·-········-·············· 46, 453, 303. 17
Loans
to public·school
__________________________________________________________________ _
Proceeds
disbursed authorities:
53,420.47

1, 476, 079. 53
Proceeds not yet dishursed ____________ -·-············· ········-· -·········. ·········-·
Loan to Rural Electrification Administrntion:
598,000.00
Proceeds disbursed ... _.·-_---··················· ... ··-·····-·-···-.·······-··-·······
402, 000. 00
Proceeds not yet disbursed ......••.•.• ··············---·---···-·----····-·-···········
Loans secured by preferred stock:
Insurance companies, proceeds disbursed (less repayments>--························· 28, 255, 372. 50
Banks and trust comoanies:
Prorseds disbursed (less repayments)_ ..•••••.••. ···---·-·---····· .•.•..•••• -····· 12, 623, 110. 88
100,000.00
Proceeds not yet disbursed ...... -·-·-···········-·-·---·-·-·.·-···-·-·····-·······
Stock, mortgage cornpanios:
Purchrsed_ .. __________ --··· ..... __ -···. ··-. -·····-·····-·-···-· --·· -·- ·-··· -· ...•.•.• 25, 000, 000. (JO
Subscription authorized ___ ...•. _..•. _..•.. ····-··· .•.•.............. _....•.......•.•••
500. 000.00
Preferred stock:
Banks and trust companif:!s:
Purchased (less retir13ments). ___ • ________________________________________________ _ 449, 82'1, 062. 65
Sn bscri pt.ions authorized _____ • ___ • ___________ • ______________ • ___________________ ._

26, 062, 500. 00

Insurance company: Purchased ________________ •. _________________ ----------------··-100, 000. 00
Capital notes anr! debentures, banks and trust companies:
Purchased (le'is retirements).--------------·-------- _____________________________ ---·-- 167, 078, 362. 69
Suhscriptions a1-..thorized ___________ . _______________ . ____________ ----·----------------,. 58,515.000. 00
Preferred stock installment sales r,0nt.racts. ___ . ________________ . _________ ----· __________ .•
500,679.41
Purchases of securities from Feder.I Emergency Administration of Public Works:
Pnrrhases (less sail\.~ and rntirements) __ . ______ ---------·-·-- -----------------·-------- 121,622. 240. 00
Purchases authorized but not yet consummated .•...•..•... ---·-------------·-------- 55, 484, 500. 00
Advance3 for care and preservation of collateral:
Procee<ls disbursed (less repay1nent,s). ____ ------------·· _____________________________ _
795,039.43
587,518.49
Proceeds not yet disbursed---·---·-·_.-·---- _____ ....•.........•...•.....•..........•.
5, !GO, 738. 25
Collateral purchased (cost pins advanC1Js and expenses) .•.. •··········-···-···············
Accrued interest. and dividends receivable_-·_ .....•.....•......................•.......•• 31, 870, 962. 65
Reiin bursable exr>ense. ____ .. _______ .. _•••.• _______ . ______ . _. ___ . _____ . ___ •. ____________ . _
759,430. 4,7
Furniture and fixtures.-···-.-··········································-····· $771. ~70. 99
Less allowances for depreciation-.••..................•...•.........••••...•••. 222. 301. 73
549. 269. 2lr
Miscellaneons disbursements ..••••••.••••...•.......•...•.......•....•..•••••.•••••••.•..
117,al.3.87
TotaL .•.....••...••••••.•.....•.••......•.........•.•.........••.••••••••......•.. 5,369.546, 091. 62
LIABILITIES AND CAPITAL

Payah'.e on certificate of Federal Emergency Relief Administrator (1933 Relief Act) .••••
69.11
4,:,34, 000. 00
Payatle to Secretary of the Treasury'·······---·-·····-·······-···-···-·-·-·-·-·-···-···
97, 400, 000. 00
Payable to Land Bank Commissioner'·-····-·-·-·······-·-----·-·-------·-···-·-·-·-·-·
Callable by Farm Credit Administration for expenses of regional al!Ticultural credit cor•
porations 10 _____________________________________________________________ -·----- _______ _
J, 318,247.08
29, 500, 000. 00
Payable for capital regional agricultural credit corporations .. ·-··-···---·················
33i, 620. 60
Liability for funds held a.s cash collateraL.. _____ ·-·-·-----·-·-·-·--··-·-·-···············
Liability for funds held as cash collateral, Commodity Credit Corporation._ ........•.•••
1, 300, 000. 00
8,
007, 420. 56
Liability for funds held for other agencies.·-·····-···-·············-·-·-·················
Proceeds not yet disbursed:
132,
282, 733. 10
Loans under sec. 5. ··-·- __ . _·-· ___ ·-----·-· _·-·- ·····-···-············· -···-·········
28,594,147. 3(),
Loans to industrial and commercial bnsiness __ ·-···-···-·-·-·········-·-·-·-·········
5, 967, 000. 00
Loans to mining, millin11;, and smelting business .•..•••• ·-·---···---·-·-·············
619,487.88
Loans on assets or closed banks __ -·---------·---·-·-·-·-·-·-···-·-·-·-·-·-·······-···
56, 800, 085. 97
Loans and contracts for self-liquidating projeets-·-·-·---·-···-·-·-·-·-·-·-·····-·-···
1,617,410. lSLoans for repair or reconstruction of property damaged by earthquake, etc.- .. •-·-···
Loans for financing the carrying and orderly marketing of agricultural commodities
and livestock produced in the United States_·--·-·-·-·······-·····-·-·········-·-· 209, 723, 089. 11
46, 453, 303. l T
Loans to drainage, levee, and irrigation districts .... ·-···-·-·-·-·········-·······-·-·
1, 476, 079. £
Loans to public·school authorities ___ ... -•_._--·-···-·-··.-···-·-·-···_.-· .....•.•....
402,000.00
Loan to Rural Electrification Administration_.---·---·-···-·······---·-·············
100,000.00
Loans secured by preferred stock, banks and trust companies ... ·-·---·-·············
587,518.49
Advances for care and preservation of co!lateral. ..•.•.• _•.... -····--·-·-···········-·
Subscription authorizations:
500,000.00
Stock, mortgage companies .. ····-·---·--··- ..•.•.....•.•... ·········-···-·-·····
26, 062, 500. 00
Preferred stock, banks and trust companies ___ ·-·---·-·-···-·-·-·-·-·-·-·---·-· ..
58, 515, 000. 00
Capital notes and debentures, banks and trust companies-------·-·-···-·-----·-·
Purchases or securities from Federal Emergency Administration of Public Works
authorized ___ -·_._ ............. -·_. ____ -· .. _._·- ... _..• _._ •.. _.-·-·_ ....•.... _._._.
55, 484, 500. 00
3, 638, 853. 40
Cash receipts not allocated pending advices--···---··-·-·---·-···-···-·-·-·-···-·-·-·-···
1, 735, 302. 75
Other receipts not allocated pending advices_·····--·-···------····---·-·-·-·-··--·-·-·-·
Miscellaneons liabilities (including suspense)_ ... ---·······---······--···-·-·-·-···-·····. 32, 535, 608. '!9·
22, 777.~
Unearned discount ......•.•...... __ .•.•...•.....•.. _....•...•.•....••••.. _·-·-· .•.•.• -···
288, 200. 28.
Interest paid in advance_-·······-··········-····-·-···················-·····-···-··· ....
339,563.74
Interest and dividend refunds and rebates payable ....•...•.•.•.•. ·-·············-·-·····
7, 529, 485. 6l
Interest accrued ...••.•.•...•...•••.•...•.•.•.•...•••••.•.•.•.•.•••.•••••.•.•••.•.•.• -..•
See footnotes at end or table.

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REPORT OF RECONSTRUCTION FINANCE CORPORATION
TABLE

87

15.-Statement of condition as of the clos"e of business, Mar. SJ, 1937Continued

LIABILITIKS AND CAPITAL-continued
Deterred credits :
Profits lrom !ISie ol securities purchased from other governmental agen•
cies (net) ••. .. ...... ................•...... . . •.••. . ••. ... . ........... $9,644,923. 25
Collections on co!lateral purchased......... .. .. ........ .. ..... ......... 1,919,682. 75
Income on collateral purchased................ . ... . . . . . ... . ...........
358, 069. 91
Other.. ..... ... ............................... ..... ........ . ...........
46, 856. 55

$11, 969, 532. 46
Notes, series H , K, and L ...•...............•...•.•.•.•.•................................ 3,886, 184, Ofi6. 67
Capital stock... ... ...... . ............................................................... 500,000,000.00
Surplus, Dec. 31, 1936 (adjusted) ........... .•.•.... ... •... •...... .... .... $149,224,930.88
Reserve for self Insurance .. .................... ••. ,......................
175, 000. 00
149, 399. q30_ 88
Interest and dividends earned Jes., interest and expenses (Jan. l through Mar. 31, 1937) ..•
8, 11:, , 057. 60
Total.. • . • • • • • . . . . . . • . • . • . . • • . . . • . • . • . . . . . . . . . • • • • • • • . . . . . . . • . • . • . . . . . . . . . . . . . . . . . • 5, 369, 546, Oil l. 62
1 Sec. 201 (e) of the Emergency Reli~f and Construction Act of 1932 provir\,s that Bil expenses incurred in
connection with the operation or the regional Bgricuttmal credit corporations shall be paicl by the R0('0n•
struction Finance Corporation. Under the provision., or this act the Corporation has allocated $16,376.778.64 r()r such expenses.
• Title II or tbe Emergency Appropriation Act, fiscal year 1935, approved June 19, 1934, provides-: "•
That not excellding $500,000,000 Ill the aggregate of any savings or unohligated balam'<'s in rWlds of the
Reconstruction Finance Corporation mny, in the di~cretiou or the Pmsidcnt, be translerred and applied
to the purposes of the Federal Emergency Relief Act ol 1933 and /or title JI ol the National Industrial ReCOV!!fY Act. • • • ." Under this act $500,000,000 has been translerred to the Federal Emergency Relief
AdministraUon.
• The Emergency Relief Appropriation Act of 1935, approved Apr. S, 1935, provides: "That in order to
provide reliel, work ,eliPI and to increase employment hy providing for useful projects, there is he1eby
appropriated, • • • to be used in the discretion and under the direction ol the President, to be imme•
diately available and to remain available until June 30, 1937, • • • not exceeding $500,000,000 ln the
aggregate ol any sBvings or unnpended halanoos in lunds of the Reconstruction Finance Corporation;
• • •." $500,000,000 bas been disbursed by the Corporation under these provisions ol the set .
• SPC. 2 or the Reconstntction Finance Corporation Act, as amended, provides thnt "in order to enable
the Secretary nf t he Treasury to make payments upon stock or Federal home-loan banks. subscribed !or by
bim in accordance with tbe Federal Home Loan Bank Act, the sum ol $125,000,000, or so much thereof""
may be necessary ror such purpose, is hereby allocated and made available to the Sectetary or the T reasury
• • •." The amount ol such stock subscriood for by the 8ecretl\ry ol the Tre!l.sury is $124,741,000.
• See. 4-b ol tbe Home Owners' Loan Act ol 1933 provides that to enable the Secretl\ry ol tho Treasury to
make payments !or subscriptions by bim to the capital stock ol the Home Owners' Loan Corporation the
Reconstruction Finance Corporation shall l\llocate and make available to the Secretary or the Treasury
the sum ol $200,000,000 or so much thereol l\S may be necessary. The amount of such stock snhscribed for
by the Seeretnry or the Treasury Is $200,000,000 and this amount has been paid to him.
• See. 30 (a) or the Emergency Farm Mortgage Act of 1933, as amended, made $100,000,000 availnble to
tbe Fann Loan (now Land Bank) Commissioner !or loans to joint-stock land banks, or which $2,filJ0,000
bas been paid to bim. Sec. 32 of the same act made $200,000.000 available to the Farm Loan (now Land
Bank) Commissioner !or direct loans to farmers, of which $145,000,000 was paid to the Land :Runk Commissioner and the remaining $55,000,000 reallocated and paid to the J<'ederal Farm Mortgage Corporation
under sec. 3 of the Federal Farm Mortgage Corporation Act .
1 Sec. 4 of tbe National Housing Act provides that "the Reconstruction Finance Corporation shall make
available to tbe Administrator such funds as he may deem necessary." Pursuant to this act $50,000,000
bas boon 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. or this amount $135,000,000 was paid to him ol which $2(1,000,000 was returned
lo the Corporation. Of the $85,000,000 then held by the Corporal.ion $44,500,000 was re,Uocated and dis•
bursed as capital of the regional agricultural credit corporations (sec. 201 (e) Emergency Helief and Construction Act of 1932). The remainder, $40,500,000, was made available and has been paid to the Oovernor
ol the Fann Credit Administration, pursuant to the provisions of sec. 5 (a) (I) of the Farm Credit Act of
1933.
• Loans under sec. 6 or the Reeonst.ructlon Finance Corporation Act, as amended, to Bid in the reor~Bn•
ivltion or liquidation of closed institutions have been autborl1.ed in the aggregate amount ol $l ,2f>6,098,0S;J.o5
ol wl,icb $297,490,455.97 bas been canceled. After taking into consideration repayments or $8.33,365,f.:l.,.39
items (9) ol the balance sheet include the balance or $92,453,153.:ll representing proceeds disbursed (less
repayn:wnts) and $42,788,838.92 representing proceeds not yet disbursed, exclusive of $1,510,000 loans approved
in principle upon the performance of specified conditions.
·
10 Represents uudisbursed portion of estimated expenses or the regional agricultural credit corporations
for the llseal year ending June 30, 1937.

In addition to loans and other authorizations reflected on the statement of condition, the Corporation has
apprcved in princip!e, upon the performance or specified conditions, loans in the amount ol $132,619,339.61,
purchases of preferred stock and debentures In the amount ol $36,73P,730.41, and purchase or stock of a mort·
rage company in the amount of $10,000,000. The Corporal-ion bas also agreed to purchase from the Federal
Emeri,:ency Administration ol Public Works at par and accrued interest such part or securities Ita,·ing
ag~egate par value of $15,573,000 as may be avail~ble !or delivery.
Cnder the provisions or sec. 5 Cb) of Bn act approved June 16, 1934 (Public, No. 362, 73d Cong.) the Cor·
poration is r~quirerl to purcha~~ debentures or other obligations or the Federnl Deposit Insurance Corporation, upon its request , up to but not exceeding $250,000,000. The Corporation has not been called upon
to purchase any such obligations.
This statement or condition does not take into consideration expenditures incurred but not paid hy the
Corporation at tbe close of business Mar. 31, 1937, nor income of regional agricultural credit corpora tions
whose capital stock was subscribed by the Corporation.
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