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QUARTERLY REPORT.OF RECONSTRUCTION
FINANCE CORPORATION
QUARTER ENDING MARCH 31, 1938
RECONSTRUCTION FINANCE CORPORATION,
Washin'gton, June 17, 1B3S-.
Sm: 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 1938, and for the period from the
organization of the Corporation on February 2, 1932, to March 31,
1938, inclusive.
OPERATIONS-FIRST QUARTER OF 1988
During the first quarter of 1938, the operations of the Corporation
were as follows:
Under section 5 of the Reconstruction Finance ·corporation Act,
as amended, 41 loans were authorized, which, together with increases in loans previously approved, aggregated $56,258,013.03,
as follows: $23,041,911.47 to banks and trust com:panies (including
$22,956,411.47 to aid in the reorganization or liqmdation of closed
banks); $199,766.90 to a building and loan associat10n; $15,808,034.66
to mortgage loan companies; $3,675,000 to joint-stock land banks;
$13,533,000 to railroads (including $2,800,000 to trustees of railroads); and $300 to a borrower engaged in the fishing industry.
Under section 5c of the Reconstruction Finance Corporation Act, as
amended, the Corporation subscribed for stock of The National Mortgage Association of Washington (name later changed to the Federal
National Mort~age Association) in the amount of $11,000,000$10,000,000 capital and $1,000,000 surplus.
Under section 5d of the Reconstruction Finance Corporation Act,
as a.mended, the Corporation made 71 authorizations to industrial or
commercial businesses. These authorizations, together with increases
in a.uthoriza.tions previously made, aggregated $5,065,007.43, as
follows: Loans, $3,112,707.43; purchases of participations, $659,000;
tnd agreements to purchase participations, $1,293,300.
· Under section 5e of the Reconstruction Finance Corporati@ Aett
as amended, 15 loans on the assets of closed banks and trust companies
aggregating $753,390,08, were authorized.
•
Under section 201 (a), title II, of the Emergency Relief and Construction Act of 1932, as amended, two loans on self-liquidating
projects aggregating $750,000, were authorized.
79977--88-1
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REPORT OF RECONSTRUCTION FINANCE CORPORATION
Under section 201 (d), title II, of the Emergency Relief and Construction Act of 1932, seven loall)S were authorized,, which, t-Ogether
with an increase in a loan previously approved, aggregatoo
$72,564,237.77.
Under section 304, title III, of the act approved March 9, 1933,
as amended, the Corporation made 11 authorizations, aggregating
$4,809,350, as follows: Subscriptions for preferred stock of banks and
trust companies, $4,785,350; and purchases of debentures of b8.Ilb,
$24,000.
Under section 36, title II, of the Emergency Farm Mortgage
Act of 1933, as amended, 35 loans to or for the benefit of drainage,
levee, irrigation, and similar districts, etc., were authorized, which, together with an increase in a loan previously approved, aggregawd
$2,656,965.24.
Under the act approved April 13, 1934, as amended, two loans t.o
finance the repair of damage by earthquake, flood, or other catastrophe
aggregating $14,000, were authorized.
Under section 14 of the act approved June 19, 1934, as amended,
which empowers the Corporation to make mining loans, etc., one loan
in the amount of $20,000, was authorized.
Summarizing the foregoing, 186 authorizations were made during
the first quarter of 1938. These, together with increases in authoriza.
tions previousl made, aggregated $153,890,963.55. Cancelations or
withdrawals o authorizations made during the first quarter and
previously, aggregated $8,935,741.05.
Disbursements during the first quarter of 1938 were $94,346,939.95
hnd repayments, $339,465,982.99. The decrease in the amount out,.
standing on March 31, 1938, as compared with December 31, 1937, was
1
$245,119,043.04.
OPERATIONS-FEBRUARY 2 1 1932 1 'l'O MARCH 31 1 1938 1 INCLUSIVE
· During the entire period from the organization of the Corporation
on February 2, 1932, to March 31, 1938, inclusive, the followmgwere
authorized:
Under section 5 of the Reconstruction Finance Corporation Act, as
amended, 19,564 loans to 9,118 institutions, aggregating $4,630,900,·
674.71, were authorized, as follows: $2,518,459,278.56 to 7,351 banks
and trust companies (including $1,184;046,124.91 to aid in the reorganization or liquidation of closed banks); $147,843,699.40 t-0 1,013
building and loan associations (including $25,141,957.84 to receivers
of closed building and loan associations); $103,006,858.28 to 133 insurantie companies; $553,716,349.89 to 413 mortgage loan companies;
$642,967.80 to 7 credit unions; $399,636,000 to 12 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); $27,896,572.68 to ~6
join:t-stock land banks; $9,250,000 to 8 Federal intermediate credit
banks; $6,120,867.59 to 20 agrioultural credit corporations; $178,840,452.48 (rediscounts) to 12 regional agricultural credit corporations
and their branches; $14i511,327 .88 to 19 livestock credit corporations;
$657,052,795 to 74 rai roads (including $18,946,708 to railroad receivers and $8,519,252 to trustees of railroads); $26.;089.27 to 7 processors or distributors to pay proc€issing taxes; $13,087,715.88 to_ a
State fund created for the purpose of insuring repayment of depoSJts
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REPORT OF RECONSTRUCTION FINANCE CORPORATION
3
of public moneys; and $809,700 to 22 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 aggregating $37,250,000, were authorized.
Under section 5d of the Reconstruction Finance Corporation Act,
as amended, 2,584 authorizations to 2,258 industrial or commercial
businesses, aggregating $168,722,613.99, were made as follows:
Loans in the amount of $145,755,391.10 to 1,877 businesses; purchases
of participations in the amount of $14,116,929.16 in loans to 255
businesses; and agreements to purchase participations in the amount
of $8,850,293.73 in loans to 126 businesses.
Under section 5e of the Reconstruction Finance Corporation Act,
as amended, 172 loans aggregating $17,973,449.25 on the assets of
170 closed banks and trust companies, were authorized.
Under the Emergency Relief and Construction Act of 1932, as
amended, 839 authorizations to 335 applicants, aggregating $2,454,562,852.85, 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 $399,967,487.36, were authorized to 176
appli,cants for self-liquidating projects, and loans aggregating $10,450,232.20 were authonzed to 6 a.pplicants 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 3 applicants for the purpose of
financing sales in foreign markets of agricultural surpluses; and under
section 201 (d), title II, loans aggregating $1,690,774,178.07 were
authorized to 106 applicants to aid in financing the carrying and
orderly marketing of agricultural commodities and livestock, produced
in the United States (including authorizations of $1,604,712,664.99 to
the Commodity Credit Corporation).
Under section 304, title III, of the act approved March 9, 1933,
as amended, 8,578 loans on and subscriptions for preferred stock, and
purchases of capital notes or debentures, of 6,836 banks and trust
companies, aggregating $1,266,777,689, were authorized, as follows:
1,120 loans secured by preferred stock of banks and trust companies,
$23,274,755; 4,335 subscriptions for preferred stock of banks and
trust companies, $812,341,484; and 3,123 purchases of capital notes
or debentures of banks and trust companies, $431,161,450.
Under section 5, title I, of the Agricultural Adjustment Act of
1933, as amended, two loans to the Secretary of Agriculture to acquire
cotton, aggregating $23,500,000, were authorized. Of this amount
$20,200,000 was canceled.
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 com. panies, aggregating $34,375,000, were authorized, as follows: Loans
, secured by preferred stock of 9 insurance companies, $34,275,000; and
a subscription for preferred stock of 1 insurance company, $100,000.
· Under section 36, title II, of the Emergency Farm Mortgage Aet
· of 1933, as amended, 951 loans to or for the benefit of 621 drainage,
·. levee, irrigation, and similar districts, etc., aggregating $139,566,419.07,
;: were authorized.
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REPORT OF RECONSTRUCTION FI:sANCE CORPORATION
Under the act approved April 13, 1934, as amended, 705 loans to
667 borrowers to finance the repair of damage by earthquake, flood, or
other catastrophe, aggregating $5,734,288.75, were authorized.
Under section 14 of the act approved June 19, 1934, as amended,
131 loans to 116 borrowers engaged in the business of mining, milling,
or smelting of ores, etc., aggregating $11,300,500, were authorized.
Under section 16 of the act approved June 13, 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, 27 loans to 26 taxsupported public-school districts or other similar public-school authorities in charge of public schools, aggregatin~ $2,006,800, were authorized.
Under section 3 (a) of the Rural Electrification Act of 1936, one loan
in the amount of $46,500,000 was authorized.
Summarizing the foregoing, authorizations aggregating $8,861,670,287.62 were made during the period from February 2, 1932, to March
31, 1938, inclusive. Of this amount, $1,755,430,927.09 was later withdrawn or canceled, and $6,606,857,272.53 was disbursed. Repayments and other reductions amounted to $4,796,918,326.27, of which
$282,825,766.70 represents cancelation of the Corporation's notes,
pursuant to the provisions of the act ap;t?roved February 24, 1938,
equivalent to the balance of the amounts disbursed for relief and work
relief under title I of the Emergency Relief and Construction Act of
1932, as amended. This left $1,809,938,946.26 outstanding on the
hooks of the Corporation at the close of March 31, 1938.
In addition, the Corporation had outstanding on March 31, 1938,
agreements to make authorizations, totaling $163,086,784.65, upon
the performance of specified conditions.
·
PAYMENTS UNDER FEDERAL EMERGENCY RELIEF ACT 01' 1933
Under section 2 (a) and section 6 of the Federal Emergency Relief
Act of 1933, the Corporation, during the first quarter of 1938, paid
$123.55 to the Federal Emergency- Relief Administrator for expenses
necessary to carry out the provisions of that act, making a net total
of $347,748.11 so paid throu~h March 31, 1938. 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, 1938.
SECURITIES PURCHASED FROM FEDERAL EMERGENCY ADMINISTRATION
OF PUBLIC WORKS
Under the Emergency Appropriation Act, fiscal year 1935, approved
June 19, 1934, the Corporation during the first quarter of 1938, approved increases aggregating $7,284,404.17, in the face amount of
marketable securities previously authorized to be purchased from the
Federal Emergency Administration of Public Works, and canceled
$6,156,794.02 (face amount) of authorizations to purchase such securities, made during prior quarters.
From June 19, 1934, to March 31, 1938, inclusive, the Corporation
.purchased from the Federal Emergency Administration of Public
Works securities having a par value of $600,437,873.76. Of this
amount, securities having a par value of $412,312,858.77 were sold
at a premium of $12,328,060.80 (including securities having a par
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REPORT OF RECONSTRUCTION FINANCE CORPORATION
5
value of $60,376,649.30 sold to issuers prior to maturity at a premium
of $327,395.16) 1 but securities having a par value of $1,241,000 were
not actually paid for and delivered at the close of business March 31,
1938. Secunties having a par value of $18,878,863.2J purchased from
the Federal Emergency Administration of Public Works were subsequently collected at maturity, and securities having par value of
$169,2461151.76 were held at the close of business March 31, 1938.
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 aggre~ate par value of $90,701,599.22 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 N a.tional Housing Act approved
June 27, 1934, the Corporation during the first quarter of 1938, paid
$1,900,000 to the Federal Housing Administrator. This made a total
of $58,521,074.55 so pa.id through March 31, 1938.
NOTES OF THE RECONSTRUCTION FINANCE CORPORATION
Under the act approved February 24, 1938, the Secretary of the
Treasury, during March, 1938, canceled notes of the Corporation in
the total principal amount of $2,688,151,333.72, such amount being
equal to the outstanding funds of the Corporation disbursed prior to
March 31, 1938, for allocations to other governmental agencies and
for relief, by direction of Congress, together with the interest paid
thereon. Series L-1 note in the a.mount of $2,640,000,000, and series
L--3 notes in the amount of $25,000,000 were canceled. Series L-2
note was canceled to the extent of $23,151,333.72.
During the first quarter of 1938, the Corporation:
Sold $40,000,000 series L-4 notes to the Secretary of the Treasury;
$1,473,500 series K notes; and redeemed and canceled $5,000,000
series L-4 notes.
As of March 31, 1938, there were outstanding $1,250,594,832.95 of
the Corporation's notes, as follows:
Series K______ __ _ __ __ ___ _ _ __ __ __ ____ ____ ___ ___ ___ _ __ ___
Series lr-2______ ___ _____ _ ______ ____ ______________ ____ __
Series l,-4_ ___ ___ ____ __ __ _ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __
$298, 746, 166. 67
791, 848, 666. 28
160, 000, 000. 00
Total ___________________________________________ 1,250,594,832.95
TABLES
The following tables are attached:
Table 1. Aggregate loan and other authorizations, purchases of securities from
Public Works Administration, and allocations to other governmental agencies,
by classes, from February 2, 1932, to March 31, 1938, inclusive, and commitments outstanding, by classes, as of March 31, 1938.
Table 2. Aggregate loan and other authorizations, by classes, during the first
quarter of 1938.
·
Table 3. Number of authorizations, and number of new borrowers, etc., to which
authorizations were made, by States, during the first quarter of 1938.
Table 4. Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, disburse!1Jents! and amount outstanding, from February 2, 1932, to March 31, 1938,
mclus1ve, by States.
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REPORT OF RECONSTRUCTION FINANCE CORPORATION
6
Table 5. Loan and other authorizations, by character of loans, etc., from February
2, 1932, to March 31, 1938, inclusive.
Table 6. Amount of authorizations, disbursements, repayments, and other reductions, and amounts outstanding from February 2, 1932, to March 31, 1938,
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, 1938, inclusive, by States (includes loans to receivers, liquidating agents, and conservators, and loans
through mortgage loan companies to aid in the reorganization or liquidation
of closed banks, under section 5 of the Reconstruction Finance Corporation Act,
as amended; and loans on the assets of closed banks and trust companieB under
section 5e of the Reconstruction Finance Corporation Act, as amended),
Table 8. Loans on and purchases of preferred stock, and purchases of e&pit&l
notes or debentures, of banks and trust companies, disbursed from March 9,
1933, to March 31, 1938, inclusive; and outstanding as of March 31, 1938 (under
section 304, title III, of the act approved March 9, 1933, as amended).
Table 9. Loans authorized (and commitments outstanding as of March 31, 1938)
to industrial or commercial business, from February 2, 1932, to March 31, 1938,
inclusive, by size of loans (includes loans and participations, and commitments
outstanding, under section 5d of the Reconstruction Finance CorporationAct,as
amended; loans to borrowers engaged in the fishing industry under section 5of
the Reconstruction Finance Corporation Act, as amended; and loans to industrial
or commercial business through banks and mortgage loan companieB under
section 5 of the Reconstruction Finance Corporation Act, as amended).
Table 10. Number of business borrowers to which authorizations were made; and
amounts authorized, etc., from February 2, 1932, to March 31, 1938, inclusive,
by industries (includes loans and participations, and commitments outstanding,
under section 5d of the Reconstruction Finance Corporation Act, as amended;
loans to borrowers engaged in the fishing industry under section 5 of the Recon•
struction Finance Corporation Act, as amended; and lqans to industrial or
commercial business through banks and mortgage loan companies under section '
5 of the Reconstruction Finance Corporation Act, as amended).
Table 11. Loans on self-liquidating projects, by types of project (under section 201
(a), title II, of the Emergency Relief and Construction Act of 1932, as amended)
from February 2, 1932, to March 31, 1938, inclusive.
.
Table 12. Number of borrowers and amounts of loans authorized undersection5
of the Reconstruction Finance Corporation Act, as amended, from February 2, ,
1932, to March 31, 1938, inclusive, by size of cities or towns.
Table 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, 1938.
Table 14. Statement of cash receipts and expenditures during the first quarter,
January 1, 1938, to March 31, 1938, inclusive (Corporation's accounts with
Treasurer of United States).
Table 15. Statement of condition as of the close of business, March 31, 1938. '
Respectfully,
JESSE H.
GEORGE
J oNEs, Chairman.
R.
The
The
CooKsEY,
PRESIDENT OF THE SENATE.
SPEAKER OF THE HousE OF REPRESENTATIVES.
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Secretary.
'..L"AE:LE
J . -Aggreg<Ue loan and other authori•ationa, _p-µrcha11e11 of aecurities froTn Public Work.s Administratio n, and allocations to other goutJrn-
,nental agencies, by claases, fro,n Feb. II, 19311, to .Mar. SJ, 193B, incluai1Jts, and commitments outstanding, by claases, aa of Mar. St, 1938
PART I. LOAN AND OTHER AUTHOlllZATIONB
Withdrawals or
cancelatlons
Authorizations
l, 048, 023, 568. 67
Total, banks and trust companies •. .••.•.•••..•••.•.•.......•..............
2,518, 4.59, 278. 56
474,179,647.91
1,991, ll4, 369. 95
1,847,187,623.43
Building and loan associations:
.Receivers.................... .................................................
Others............................................ .. ..........................
25,141,957.84
122, 701,741.56
21,630, 057. 38
7,365 , 622. 73
2, 816, 900. 46
115, 117, 851. 93
CJ
0
-
~
rv
I
28,995 , 680. 11
13,331,441.86
117, 934, 752. 39
1
I
89,675,416.42
$799,164,054. 76
89, 808,372.10
143,926,746. 52
~f:~~~~.~~~.=~~=~===========================:::::=====::::=:=::::::::::::
Total, railroads...................................... .......................
Bee footnotes at end of table.
~
1%1
l?'.l
0
~
00
1-3
~
1
g
....
1-3
17,544 , Ill. 21
119,474,123.58 1
10, 720, 439.85
16,422,275. 00
78,720,787.82 .......... .
102, 051 , 777. 71
339, 099, 163. 49
100, 859, 520. 82
5,701,835. 15
70, 700, 534. 18
234,169,405. 76
i
130, 3166,328. 77
411,431,295.91
~
I
------1------1------1------1
553, 716, 349. 89
1
600,095.79
• 387, 236, 000. 00
20, 030, 851. 30
9, 250, 000. 00
88,493.07
5,643,618.22
477, 249. 37
6,120,867.59
Agricultural credit corporations........................... ....... .................
173, 243, 640. 72
5,596 ,811. 76
178,840,452.48
Regional agricultural credit corporations . .........................................
69
598.
971,
12,
19
729.
1,539:
14,511,327.88
corporations.....................................................
Livestock credit
l = = = = = = = F = = = = = = l = = = = = = I = = = = = = = = = ====
Railroads:
I
20,621,169.00
791.00
038,
- -11- ~ - - - - - - I - - - - - - - 070.
-105, ~•, 764. 89 l -524,
6~: ~: ~:
t0ill!i~7!t~:~~~~~~=~~~-=.~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
(1)
147,843,699.40
103,006,858.28
Total, mortgage Joan companies................•...•..•............ · ···•·•·· 1
0.
~
$853,282,429.18
1,137,831,940. 77
1
~
$54, ll8, 374. 42
$277,833,935.03
196,345,712.88
Insurance companies........................ .. ....................................
Mortgage loan companies:
To aid in reorganization or liquidation of closed banks ...•...............•.•..
To Industrial or commercial business..........................................
To The RFC Mortgage Co...................................................
Others......................... ...............................................
cg:N.
;
Loans under sec. 5 of the Reconstruction Finance Corporation Act, as amended:
Banks and trust companies:
Receivers, liquidating agents, and conservators............................... $1,184, 046, 124.. 91
Others •. .................................. . ................................... 1,334,413, 153.65
Total, building and loan associations........................................ ,
0
Repayments and \ Outstanding as o{
Disbursements other
reductions I Mar. 31, 1938
872. 01
l, 000. 00
951. 30
·~: f i~ ffi: i . ..:;:1I~
gg
I
550, 659, 239. 11
106,393 , 555.89
657,052,795.00
l = = = = = =l = == = ==l======IF=== = =I = = = = =
....~
l?'.l
0
0
~
1-tl
0
....0~
z
~
1.-Aggregate loan and other authorizations, purch1J8u of aecuritiufrom Public Works Administration, and allocations to other gor,ernmental agenciu, by cllJBau,from Feb. S, 1932, to Mar. 31, 1938, inclu.aive, and commitments outstanding, by cllJBsu, IJ8 of Mar. 81, 1938-Con.
TABLE
PART I. LOAN AND OTHER AUTHORIZATIONS-Continned
Withdrawals or
cancelatlons
Authorizations
0
-g;
;:;·
<>
Q_
,!?"
CJ
0
~
~
Loans under sec. 6 of the Reconstruction Finance Corporation Act, as amended-Con.
Processors, or distributors subject to processing taxes _____________________________ _
State funds created for the purpose of insuring repayment of deposits of public,
moneys ____ _________________ --__ - _-- - --- --- --- --- -- -- ____ - -- --__ -- -- -- --- ---- - -.
Borrowers engaged in the fishing industrY---·· · ··-·-·---------·--·--·-·-····-···-I
Total, sec. 6 of the Reconstruction Finance Corporation Act, as amended-·-··--!
$26. 089. 'rt
13, 087, 715. 88
800. 700. 00
I
I
061
Sl4, 718.
13, 064, 631. 18
23, 084. 70
719. 375. 00
79. 900. 00 l=======i
$11,371.21
HY. 624.
nu. -···- 689,602. 74
·- · os. IJ 3.·. 783.
I --
71 I
IIUU. 674.
4. o;,u.
-- · ·••• ··•
I-·················
$14,718.06
13, 06-l, 1531. 18
$475, ff15. fill
:ua, 699. 421Ii=======
I 3,122,600,400.28 !=======
600,890,202.46
25, 000, 000. 00
11, 000, 000. 00
1, 260, 000. 00
145,755,391.10
14,116, ll'lll.16
8,850,293.73
168, 722, 613. 1111
46,788,631.66
6,382,249.15
4,247,388.1111
56, 398, 269. 711
91, 4ll8, 736. 11
7, 764, 68'.I. 01
176,802.14
1111, 390, 118. 26
17,973,449.25
1,148,779.06
16,360, f51. 1111
=
__ I,
--~ ---· 2R
--, oou2a.
I 12.
aw, 907, '87. 36
a1, 2114, :ua. H
293, 760, 506. 48
62, 768, 121. 74
230, 992, BM. 1,
10, "50,282.20
1,921, 124. 10
8, f29, 1os.10
20, 224, 586. 66
4,351,090. 28
• .,
AOn v,
IJn ·
., , v=.
•~
-•
4, 178,017. 82
46,896. 1111
~ O n < U i ClcirpcJrMlaD. •••••••••••••••••••••••••••••••••••••••••••• ~
- . 678, 846. '6
760, 116, ¥)7. 46
t9, &04, 491 . 7s
· "66, OM. 428. M
1s, 680, c&a . 74
96,048, 1178. 91
G24, 028. 04
~ - . . . . ...,,, . . . . ~ - · • · • . .-:..·. . ............ ........ ______ ,._,.._., .. __________
&aa, 0-l&, 367. 76
779, 619,
far
(11), UtJe
n. .................. c••••••••••••• ·-···········•·····~
upcn8 of aplcultmal ~ -
· 301 (c), title II........ ....
63, 1171>. 1166. 22
1-lar ~ o f ~ o o m m o d l t l e e an4Ufflloclll:, - · 211 (4), title II: ,
~ ... - ................................................................................................................................................................ -:..
·
~
l:i::I
l:'1
~
...
33, 146,368. 56
eo. se7, 021. so
aw. :.ia
..,_,~-~:. .................... :.. ... .;. .......·.....
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1.rs, 001 . 00
2Q9. ~ . o v v. oo
- - ~ ~ - - ~~~-;_
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nUO.ffU2, 104 . IU\
I , ,&.()2, 110,00V- •7
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~
--- g
1------+------1------1-------1--1-3
36,000,000. 00
36, 000,000.00 - ··-----··-···---·
l,2!!0,000.00
37,260,000.00
Authorir.ations to indnstrlal or commercial business under sec. 5d of the Reconstruction Finance Corporation Act, as amended :
Losns ____ ··-··----····--·-·-···········-···········-·················-·-······-··Purch1188S of partlciJl81;1ons __ . ____ ••• __ ._. __ ._··-··-···········----··-·-·-·-··•····
Agreements to purchase participations __ ._····· ····-···-·-······---·-·-·--········
Total, sec. 5d of the Reconstruction Finance Corporation Act, 88 amended......
1
26,000,000. 00 1-·················
11,000,000. 00 ············-·····
26,000, 000. 00
11, 000,000.00
1, 200. 000. 00
:io1
i
!7J
Fi~~i~grt~~i:~6~.~.~~~~~:- ____ ·-·-··- ··-- -···-··-·······-·········-·· - The National Mortgage Association of Washington•····---·····---·-- -·-· -··--···
Others .•••• ·-·····--·····--·······---- __ -· ···--··-···--------······-·-·-··········
T ot al, sec. 5cofthe Reconstruction Finance Corporation Act, as amended_.....
Ca)
-=:,-.llnancins
;
1-3
Subscriptions for stock of mortgage loan companies under sec. 5c of the Reconstruction
Loans OD the 88Sets or closed banks and trust companies under aec. 5e of the Reconstruc·
tlon Finance Corporation Act, 88 amended.································-······Authorizatlona Wider the Emergency Belief and OoutructloD Act or 11132, aa amended:
dating milacta. aec. 201 (a), title n .. ·-························. d
Loana oD ~·JiQuf
Loans for ~ re~ of daniace b7 eertllquake, fire, tornado, or c7clone In.
J
I
I
Repayments and Outstanding aa of
other reductions or Mar. 31, 1gas
Disbursements
00
.... . ·. I ..... . .
:::: I
I
I
23, 795. 774. 30
2, 880, 953. 86
I
~ '7Slli
-• ·-· -AA I51:-1_ l\l
?A,70".l..
_- Ij
...,....
..
863,646,892. 2a
ff1, 862,961. 81
4,893, 11211. 1&
131, 016. 711
72, 687, 60{, 75
3,366,328. 71
9&, 973 ,
ouo. oa
•209,9M,u,g,g~ --- - -- - -- - -- --- · - J.,070,0~_'793.D7
::c.: :.: \
i
""-1
.....
i
~
't1
5
. _ a:11_, _l_!il!), flOO . AO
~
.... ..,,rs, .. .- .. n,
v~ .,.,v ~., uvv•vv~u ..1.v.,1,.iu:-. 11, J.U.S..:S, as o.i:nenclt,(l:
Loans on preferred stock or ban.ks and trust companies ____________
Subscriptions for preferred stock or banks and trust companies ____________________
.n,.u1,.uvi.~-~ ..... v.u,;, ....,..,......_.
~
--
.&.L.A.•
Purchases of capi tal notes or debentures of banks and trust companies ____________
23. 274,756.00
812. 341,484.00
lS, 126, 025. 00
73, 7 16, 027. «
18,148,730.00
733, 039, 866. 66
-
..
7,840,404.17
315,047,302.27
204, 270, 083. 34
10, 308, 325. 83
417,992,654.29
136, 270, 460. 66
TotRI, sec. 304, title III, of the act approved Mar. 9, 1933, as amended ..• _______ .
43 1, 161,450.00
1, 266. 777, 689. 00
00, 646, uoo. 00
169,388,052. 44
340, 541, 450. 00
1, 0_91, 730, 036. 56
527, 158, 689. 78
564, 571, 346. 78
Loans under sec. 5, title I , of the Agricultural Adjustment Act of 1933, as amended .•• _
23, 500, 000. 00
20, 200, 000. 00
3, 300, 000. 00
3,300,000.00
---- -- ---- --------
Authorizations under sec. 1 or 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, 275, 000. 00
100,000.00
7,047,609.94
27, 227, 390. 06
100,000.00
Total, sec. 1 of tbe 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 .. -._···· ·
139. 566, 419. 07
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 . ..... ·-··········-·····-·-···································· -···-·····
I, 711,962. 75
4, 022, 326. 00
Total, act approved Apr. 13, 1934, as amended .. -•-···········-···-·-········· ··
Loans to borrowers engaged in the mining, milling, or smelting of ores, under sec. 14
of the act approved June 19, 1934, as amended······························--·--····
-------------------------------------- ------ ------- -
------------------
34, 375, 000. 00
7,047,009.94
27,327,390.06
18, 506, 455. 64
79, 820, 016. 29
2, 298, 173. 30
77, 521, 842. 90
820,590.00
891,372. 75
2,567,074.47
165,598. 75
725, 774.00
I, 376,751.53
I, 293, 746. 27
I, 273, 328. 20
5, 734, 28R 75
2, 197,341. 53
3,458,447. 22
1, 459, 345. 02
1, 999, 102. 20
I I, 300, 500. 00
7,060,000.00
3, 507, 500. 00
1,017,251. 64
2, 490, 248. 36
22. 500, 000. 00
200,000.00
22, 300, 000. 00
22, 300, 000. 00
-- ----------- -- ---
Loan to a public-school authority for payment of teachers' salaries due prior to June
1, 1934, under sec. 16 of the act approved June 19, 1934, as amended ....... ·-··--··· --
Loans to or for the benefit of tax•supported public•school districts or other similar
public-school authorities In charge of public schools, under the act approved Aug.
24, 1935 .•• ••······-· ·············-········-··················-··-·---·········--···-
2, 006, 800. 00
i.oan to Rural Electrification Administration, under the act approved May 20, 1936...
46, 500, 000. 00
Grand total, Part I (loan and other authorlzations) .... -··················-····-
8,861,670,287.62
540,300.00
--- ----------- -- -1,755,430,927.09
150,000.00
-- ----------------
31,757,000.00
6, 6C6, 857, 272. 53
6 4,
150,000.00
;
0
::ti
1-3
~
~
Q
~
UI
~
~
~
....l!lj
z~
2,425.46
31,754,574.54
~
796, 918, 326. 27
1, 809, 938, 946. 26
Q
0
l:';l
PART II. PUROHASES OF SECURITIES FROM PUBLIC WORKS ADMINISTRATION
0
cg:N.
(1)
Q_
Amount of
purchases
authorized
~
CJ
0
~
~
Grand total. Part
II-·-----------·-----·---·-··------"---------------------------·--·
Bee footnotes at end of table,
$661, 687, 589. 14
,i:,
0
Amount with•
drawn or
canceled
Amount disbursed
(purchased)
Amount repaid
(sold or matured)
$6, 706, 000. 00
$570, 737, 189. 68
$429, 7'°, 662. 79
Amountontstanding as of
Mar. 31, 1938
~
~
$1'°, 996, 636. 89
cc
!.-Aggregate loan and other authorizations, purchases of eecurities from Public Works Administration, and allocations to other govern- 0I-'
mental agencies, by claeses,from Feb. lJJ, 193/JJ, to Mar. 31, 1938, inclusive, and commitments outstanding, by classes, as of Mar. 31, 1938-Con.
TABLE
PART III. ALLOCATIONS TO OTHER GOVERNMENTAL AGENCIES
Amount allocated I Amount disbursed
Allocations:
$115, 000, 000. 00
Secretary of Agriculture for crop loans __ ----------- -- --------- -------------------- -- ------------------------ - -------------------------$115. ooo. 000. 00
Capital or regional agricultural credit eorpo,atioos (reallocated from amount originally allocated to Secretary or Agriculture-includes
44, 500, 000. 00
44, 500, 000. 00
$37,000,000 held in revolving fund) _________ -- -- ----- --- - -- ----------------- -- --------- -- ----- ---- --------.---------- ---------- ---- ---40.
,
Governor of Fann Credit Administration (reallocated from amount originally allocated to Secretary or Agr1culture) ____________________
-- , a{}(]_
---, 000
---- 00
- - i- 40, 500, 000. 00
T9tal originally allocated to Secretary or Agriculture for crop loans _________________________________________________________ __ _______ _1
200, 000, 000. 00
200, 000, 000. 00
Reg!onal agricultural credit corporations for expenses prior to May '%7, 1933 _____________________________________ ________ ___ ___ ________ __
3, 108, 278. 64
3, 108, 278. 64
Regional agricultru:al credit corporations for expenses since May 26, 1933 __ ________________ ____ ________________________________________ _
12, 938, 252. 92
13, 777,500.00
Secretary or the Treasury to pay for capital of Federal home loan banks _______________________________________________________________ _
124,741,000.00
124, 741, 000. 00
Land Bank Commissioner to make loans to joint-stock land banks _____________________ __ ________ _________________________________ ____ _
1 2, 600, 000. 00
100, 000, 000. 00
Land Bank Co=issioner to make loans to farmers ($200,000,000 original allocation reduced by reallocation to Federal Farm Mortgage
145, 000, 000. 00
Corporation) ___ _______________________ --- ___-- - --- -- - --- -- -- -- --- -- --- -- -- -- --- - -- --- -- --- -- - --- -- -- --- -- -- --- -- - --- -- --- - --- --- -- -145,000,000.00
Federal Farm Mortgage Corporation to make loans to farmers (reallocated from $200,000,000 originally allocated to Land Bank Commissioner) ___________________________________________________ - _____ - --- -- --- - ---- -- -- -- -- -- --- --- -- -- -- -- -- --- --- -- -- -- -- ---- ----- ----- -55, 000, 000. 00
55, 000, 000. 00
Secretary or the Treasury to pay for capital ot Home Owners' Loan Corporatlon._________ ___ _____ __ _____ ____ ____ _____________________ _
200, 000, 000. 00
200, 000, 000. 00
7
Federal Housing Administrator (amount stated is amount disbursed; total allocation not limited to specific
amount) __________________ _
58, 521, 074. 55
58,521,074. 55
97, 000, 000. 00
Co=odity Credit Corporation-purchase of stock ____________________ ------------------ - ---------- -- --- ---- ------ ---- -- ----- -------- 97, 000, 000. 00
Disaster Loan Corporation-purchase of stock (amount stated is amount disbursed; the Corporation is required to purchase stock upon
request or the Disaster Loan Corporation up to but not exceeding $20,000,00U) ___ _______ __ _________________________________________ ___
____
- -·· 00
__ i_ ___10.
10, 000. 000. 00
000. 000.
1
Total to other govern.mental agencies by direction of Congress _______________________________ ____ _________________________________ _l=~======
908, 908, 606. l l
1, uu,, 141, lSM . HI ========
I
I
0
cg:N.
(1)
Q_
~
CJ
0
~
~
For direct relief under Federal Emergency Relief Act of 1933______________________________ _____________________________ ___ _____________ _
For direct relief under Emergency Appropriation Act, fiscal year 1935____________________ __ ___ _______ _________________________________ _
For direct relief under Emergency Relief Appropriation Act, 1935_________________________ __ ____________________________________________
I
997, 748. 11
500, ooo. ooo. oo
500, 000, 000. 00
500, 000, 000. 00
___ 000. 00
__ : _ _ _
....:.___:_
__
___ 000.
600.
500,
000, 000.
00
1
' l , 000. 000. 000. UO! ' 1,499,997, 748. 11
Total allocations for direct relief by direction or Congi-ess------------------------------- ----------------------------------------------1=="'=~====1
8 499,
Total allocations to other governmental agencies and for direct relief_ _______________________________________________________________ _
2, 408, 906, 354. 22
2,507,147,853.191
Administrative expense:
114,921.13
114,921.13
Regional agricultural credit corporations _____ ---------- ______________ ---- --- -- -- -- ------ - -- --------- ------------------ ---------- ---- -Under sec. 1, title I, or the Em.,rgency Relief and Construction Act or 1932, as amended ________ _________________________ ______________ _
126,871.85
126,871.85
33,177,419.82
33,177.410. 82
Interest on notes issued for funds for allocations and relief advances--------------- - ----------------------------------------- --------------- l---'--'---1Grand total, Part III (allocations to other governmental agencies) _____________ _________ __ ___________________________________________ _ 2, 540, 567, 065. 99 I
2, 442, 325, 567. 02
PART IV. COJl4M1TMJ!lNTS OUTSTANDING AS OJ' MAR. 31, 1938
[C,mditlooal agreementa to mak& 1 - , or other au&horlzatlons, upon the performance of specllled conditions]
Under sec. 6 of the Beconstruction Finance Corl)Or&tion Aat, aa &Dleaded:
Banke atid truet companies:
~~ver::::::-::::-------------------------------:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::----------
Amount of
commlt'TfUtRU
outstaR<li'RII
$25,000.00
1'8, 800.00
~
'tl
0
~
0
':;I
~
0
i
rAI
~
::0
c:i
~
~
',;I
1-t
i
a
~
I
:~•~~ ~::~l;'.:;,':'to_::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::-::---: :-:::: j; m:!.5
~~~tVj~if~~Jl~~~~;~T~;·=~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~: ~ia~i ;
Under sec. 5d of the Reoenstn.totion Finance Corparation Act, as amended:
Loans to lndostrlal or commercial business ____ -·- ...• ··-····· ...•.. ··-·········-······-··--·········-···-··-········-·····-·········-·····-········..............
14,076,000. 00
d
Uu
Under the Emergency Fann Mortgag,e Act of 1933, es amended Ooans t& drainage or Irrigation dfstric,tg)_ ···································-·················-······
Under the act approved Apr. 13, 1934, es amended Ooan for repair of property damaged by flood or other catastrophe) .•• ----------·---···--·-·-···-·---·-·----····-·-
1,500,000.00
600,000.00
Grand total, Part IV (commitments ontstanding 111 of Mar. 31, 1938). ---·----·----·------····-·----------·---·-·---------·-·---·---·-··-·-·--------·-----·---·· 163, 1186, 7M. Cl6
0
cg:
;;a·
(1)
Q_
~
CJ
0
~
~
Part I. Loan and other authorizations .......•.•.. •..•...•• ••••.•.•.. . ..... ..•..• $8, 861, 670, 287. 62
Part II. Purchases of securities from Public Works Administration .••..••...•••.
661,687,589.14
Part III. Allocations to other governmental agencies .......•.•••• •...••.....•.•. _ 2, 540, 567, 065. 99
Total .•.....• ... .......• .•.•.••• •.•. •..............•.••••••...•.......• •... 12, 063, 924, 942. 75
163, 086, 784. 65
Part IV. Co=itments outstanding·--···-················-····················.
Grand total ......•.....•.•••. • .•••.••••••.••••... • .•.••.•••••.•.•.•.. . . .•. . 12,227, 0ll, 727. 40
Amount or with•
drawals or can•
celations
0
Amount of dis•
bursements
Amount or repay•
ments and other
r ed uctions 1
Amount out•
standing as or
Mar. 31, 1938
1
@
~
~
$1, 755, 430, 927. 09
5, 706, t()(). 00
97, 400, 000. 00
1, 858, 536, 927. 09
$6, 606, 857, 272. 53 • $4, 796, 918, 326. 27 $1,809, 938, 946. 26
140, 996, 536. 89
429, 740, 652. 79
570, 737, 189. 68
11 2, 442, 325, 567. 02 --- ------ --- -----to 2,442.325. 567. 02
1, 950, 935, 483. 15
7, 668, 984, 546. 08
9, 619, 020, 029. 23
------ ----- -------- ---------------- ---- ----- ------- ------ -- -------------- ---1, 858, 536, 927. 09
9,619,920,029.23
7, 668, 1184, 546. 08
1, 950, 935, 483. 15
Exclusive of repayments unallocated, pending advices, as of Mar. 31, 1938.
.
.
lncludes$167,500 authorized through banks and trust companies to industrial or co=ercial business, of which $52,838.65 was withdrawn or canceled, and $ll4,661.35 was disbursed
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.
• Name subsequently changed to "Federal National Mortgage Association."
1 Includes $17,159,232.30 representing repayments and other reductions by States and political subdivisions; and $282,825,766.70 representing cancelation of the Corporation's notes,
pursuant to the provisions or the act approved Feb. 24, 1938, equivalent to the balance of the amounts disbursed.
• Or this amount, $282,825,766.70 represents canoolation or the Corp0ration's notes, pursuant to the provisions of the act approved Feb. 24, 1938, equivalent to the balance of the
amounts disbursed for relief and work r elief under title I of the Emer~ency Relief and Construction Act of 1932, as amended.
7 The r emaining $97,400,000, authorized to the Land Bank Comm1Ssioner to make Joans to Joint•stock land banks, was canooled.
.
8 Upon certification by the Federal Emergency Relief Administrator, under the Federal Emergency R elief Act of 1933, the Corporation disbursed $499,650,000 for rehef and
$347,748.ll to the Administrator for expenses necessary to carry out the provisions of the above act, making a total of $499,997,748.ll so disbursed.
.
• Exclusive or amounts made available for relief and work relief under the Emergency Relief and Construction Act of 1932, as amended. These amounts are shown w Part I above.
10 Includes $37,000,000 allocated for revolving fund (capital of regional agricultural credit corporations).
11 or this amount, $2,405,325,567.02 represents cancelation of the Corporation's notes, pursuant to the provisions or the act approved Feb. 24, 1938, equivalent to the balance of the
amount disbursed for allocations to other governmental agencies and for relier by direction of Congress and the interest paid thereon. The remaitlill!, f37 10Q0,000 is held by the Corpor11tion in II revolving fWld (capital of regional agricultural credit corporations) pursuant to sec. 84 of the Farm Credit Act of 1933, as amended,
1
~
t'il
SUMMA RY OF T A B L E 1
Amount of au•
thorizations, allocations. and com•
mitments out•
standing
~
~
....
@
l,j
....
~
~
tij
0
0
::0
"'d
0
~....
0
z
.,_
.,_
J-l
TABLJ: 2.-Aggregate loan and other authorizatiom, by cliu,e,, during the firat quarter of 1998
Authorizations
Class
I
Withdrawals
or cancela•
tions 1
IDisbursements•
t,j
I
Repayments and Outstandingdecrease !or
other redu c•
the quarter •
tions 1 •
~
t'l
'ti
Loans under sec. 5 of the Reconstruction F inance Corporation Act, as amended :
$1, 492.420. 15
$5,518.829. 23
Banks and trust companies (including receivers, liquidating agents and conser vators).... • $23,041,911.47
395,531.25
138,706.88
199,766.90
Building and loan associations (including receivers).. ........................... . . .. . ....
.. .. ..
..........
.........
.......
.
................
.
..
Insurance companies................... .... ............................. ...............
9,564,217.29
5,800.20
15,808,034.66
Mortgage loan companies................. ............... ... ... ................. . ........
f~it;~h~filf:~~~;~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~ ~~~~~~!.~~!~~~
13, 533,000.00 ......•...••.... 13,533,000.00
300. 00 . ..........•••.. .....•... . ......
Railroads (including receivers and trustees).... ............................. .............
B orrowers engaged in the fishing industry.. ... ................. . ........ ....... .........
Total, sec. 5 ol the Reconstruction Finance Corporation Act, as amended •..••. . •• •..•.
Authorizations to industrial or commercial business under soc. 5d of tho Reconstruction
Finance Corpora tio n Act, as amended:
Loans ...•............. ..••.•••.........•. ...•.••. •.....•.•.•.•...... • • • • • • • • • • · · · · · · · · · ·
Purchases or participations...•.... . ..........•.. . •... ... •...................•........• •..
Agreements to purchase particlpstions •••••• •• . ..... ... . ......•••••..••. •....••• ••. •••.••
CJ"
'<
CJ
0
~
(v
I
Total, sec. 5d of the Reconstruction Finance Corporation Act, as amended ••••••...•.. •
3, 112,707. 43
659,000.00
1, 203, 300. 00
510,013.591
293,372.16
614, 994.25
1, 418, 380. 00
5, 065, 007. 43
t_:g
955,827.70
6, 115. 02
• 12,577, 172.30
6, 115. 92
21. 952, 960. 77
• 5, 083, 428. 84
1,364,401.69
46,400.00
2, 888, 1n. i3
371,499.14
11,673.06
1, 410, 80 l. 60
3, 271,349. 93
1, 523, 776. 04
325, 099. 14
11,073.06
1----1, 860, 548. 24
I
= == 1=====1=== ==
1=====1°==
,- -Loans on the assets of closed banks and trust companies under sec. 5e of the Reconstruction
50,712. 70
392,532. 77
341,820. 07
106,563.53
753,390. 08
Finance Corporation Act, as amended •...•...• •• •••••••...••...•. •.• .•.•••••••••••.•••••••
I
I
Ii == = = ===!
Authorizations under the Emergency Relief and Construction Act of 1932, as amended :
240,759. 82
7, 440, 759. 82
7,200,000. 00
750,000.00
Loans on self•liquidating projects, sec. 201 (a), title IL ... ••. ..••.•..•.....• ..............
169,994.66
159, 994. 66
L~~"<~>~• ~rct:iing repair of damage by earthquake, fire, tornado, or cyclone Jn 1933, sec .• .• ......•..........•••••.•••••• •..••........ . ....•
3, 189, 346. 70 • 31,018,545.80
35,107,892.68
1,403,365. 37
72,564, 237. 77
Loans for financing of agricultural commodities and livestock, sec. 201 (d), title II........
766. 70
825,
282,
70
766.
825,
282,
'
.
..................
.............................
.
Amounts made available for relJel and work relier, sec. 1, title I. .........................
g7 i= 251. 307, 976. 20
887.
616.
293.
-..
.
..
·-·,
-·,
.
I
42,307,802.68
403,365.37
I,
77
237.
73,314,
.
.•..
.
•••••••.•••..
.
amended
as
1932,
or
Act
Construction
and
Reuer
Total, Emergency
I
1················1
!
I
IU, or the act approved Mor. 0, 1933, M an1ended :
Autborb.etlons under soc. 304.ortltle
banks sod trust COlllL)l\O[es ______ ,.. ____________________ ___ ____
Loans
OD
eroterred stock
'!,?~°J",l:,e~e:--~orL~~:~~~~rb~d'k~tu~::n~L ::mo~n1es:::::::::::::::::::
..
i:~~bt~
9
Tol.a1, ..o..
MK.
LlLI•
m. o r ~ .cL a_ppirov.O
0
'M:ar. o, 1033, -
=
I
iameodo&d •••••••• • ••• :.-----
I
I__________________ ,________________ ---------------01
•. 7 ~.: ~ : gg
~ ggg: gg
l,
◄ . soo: 3'50. oo
~ 000, 00
t., 083. :i.,o. oo
•. • I
~: ~
:
gg
~
~:ii :~ .1: ~t m: i z
1
A
0.
•
~
0
~
0
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(l)
4
:g:~~~~f,~:er~c}i~,,t:!i8;: g~:~lt!~r~~: a~~~~J~a°.~~~.~.~~~~~~~.~~~~~.~~:.~~~!./==1=1=,000==.000==_00=1 . ..•.. . . ..... . .. 111. 000, 000. 00 1.•.•..•......... . . 1 • 11,000,000.00
0
0
0
cg:
27,036,398. 61
5,663,426.31
56,258,013.03
$8, 729, 25.1. 12
• 223,435. 33
220, O'l4. 17
• 3,422.305. 49
$10,221,673.27
172,095.02
229,084.17
6,141,911.80
313,200.30
313, 21)0. 30
16, 172, 378. 26
2. 006, 190. 70
l fi, OtM, J28. 26
2. 600, I 00. 7U
1 U, UK), 868. 36
1 8., 007, 618 . 3lS
•••• I
a
0
al
8
::ti
~
~
...
~
...
~
i
C'l
0
~
~
~
~
Loans ou priaforred stock ot insurance com.pau.los undor sec. l ot tho act approved .June 10, 1933,
as amended ____ •. - --- __ • _ - ______ - - - - - - --- - - -- - - - - - - - -- -- - - - - - _______________________ ______ _
~n:O:!:J~-~-~-~~~~-~~~~-~~: ~:~ftJ! lf, ~j f~~ t:i~i:,~~~0i'~~in3o~~:;:O;..~~~a:i3J,'flood
, or other catastrophe in 1933,
Loans to :finance .t he repair of damage by earthquake,
1934, 1935, and 1936, under the act approved A.pr. 13, 1934, as amended ___ ____ ____ _______ _
Loans to borrowers engaged in the mining, milling, or smelting of ores, under sec. 14 of the act
approved June 1~ 1934, as amended- -------------------------------------------- ---- ----- Loan to the Rural Jectriflcatlon Admirustratlon, under the act approved May 20, 1936_______
Grand
~
;;;·
C,
a.
u
-<
CJ
0
~
~
20,000. 00
19, 000. 00
-440, 30lS. 19
440,305.19
666,176.90
2,600.00
569, 997. 98
68,915.87
• 96,178. 92
56,315.87
341,000.00
10_ rn, onn no
13,175.16
• 327, 824. 84
• 10,157,000.00
i------------------i----------------l --, --·, ---·-- ,----------
-- 741. 06 I ' 94, 346, 939. 95
--- 56 I 8,- 935,
-- ooa.
-- 800,
total-----------···-·········-·-·-·-···-·-·-·-··----·-·-···-····-·····-···---···- •- 153,
'I
1
339, 465, 982. 99
245, 119. 043. 04
These amounts apply to loans authorized prior to Jan . I, 1938, as well as to loans authorized during the first quarter of 1938.
• Exclusive of repayments unallocated, pending advices, as of Mar. 31, 1938.
• Loans authorized to banks and trust companies include $22,956,411.47 to aid in the reorganization or liquidation of closed banks.
• Increase.
• Name subsequently changed to "Federal National Mortgage Associat ion ."
• Authorizations made prior to Jan . 1, 1938, were rescinded during the first quarter of 1038, as follows: Banks and trust companies, $21,246,748.04 (to aid in the reorganization or
liquidation of closed banks); a mortgage Joan company, $350,000; a railroad, $78,000; industrial or commercial business $37,500; Joans on the assets of clos.e d banks and trust companies ,
$168;290.08; a loan to the Commodity Credit Corporation, $0,404,237.77; a subscri ption for preferred stock of the Export-Import Bank of Washington, D . C., $25,000,000; a borrower
engaged in the mininghmilling, or smelting of ores, $20,000; Joans to or !or the benefit of drainage, levee, irrigation, and similar districts, $1,455,837.25. Such rescisions have not been
deducted from t he aut orizations shown above for the first quarter of 1938 inasmuch as they applied to Joans authorized during previous quarters.
'Represents canoolation of the Corporation's notes, pursuant to the provisions of the act approved Feb. 24, 1938, equivalent to the balance of the amounts disbursed.
• In addition, under the Federal Emergency Relief Act of J933, the Corporation during the first quarter of 1938 disbwsed $123.56 to the Federal Emergency Relief Administrator
!or expenses necessary to carry out the provisions of the above act.
• Ot this amount, $28)!,825,766.70 represents cancelation ol the Corporation's notes pursuant to the provisions of the act approved Feb. 24, 1938, equivalent to the balance of the
amounts disbursed !or relief and work relief under title I of the Emergency Relief and Construction Act ol 1932, as amended.
1
0
·e::::: 1-----:~:~~:-1
2
::0
l"'2
>i:,
0
~
8
0
"':I
:
("'l
0
z
00
8
~
~
a
...
i
8
t,g
~
~
t<.J
a
0
~
~
g;
...8
~
.....
~
14
REPORT OF RECONSTRUCTION FINANCE CORPORATION
TABLE
3.-Number of authorizations, and number of new borrowers, etc., to whicl
authorizations were made, by States, during the first quarter of 1938 1
GRAND TOTAL
State
Number Number
of autbor• of new
izations borrowers
State
Number Number
or author• or new
izations borrowers
- - - - - - -- - - - - - - -1- - - -11-- - - - - - - - - - - - - - - - - Alabama ...•.... _...•.•••.•..
Arizona _____________________ _
Arkansas .................... .
California ................... .
Colorado ............... ....• .
District of Columbia ........ .
Florida ............. . ........ .
Georgia .. .. .......... .. ....•.
Idaho .. .. .. ••·· ····--·····--·
Illinois .. ·-···············-·-·
Indiana_··-· ·· ······ · ··-··- -Iowa ._ ... . •... ... .. .... . ... __
Kansas ... ·-···- ··············
Kentucky ......... _. ....... _.
Louis iana _____ ____ ___ _______ _
Maine . .. ..• . ...... _.. ... .... _
Maryland .... · ··-··-·····-· -Massachusetts....... . _.. _._ ..
Michigan ....... ... . ......... .
Minnesota ..... ····--·· ······
~i~~ii~f~.i:::::::::::::::::::
Montana ... --.-·· ···· · ·······
Nebraska .. -.......... ....... .
New Hampshire ......... _... .
New Jersey ..•.. _............ .
New Mexico . ..•.............
New York ....... .... ·-····-·
North Carolina.... ....•..... .
2
3
6
5
3
3
5
7
1
10
5
2
1
3
1
2
1
1
16
3
1
6
1
3
1
5
1
11
3
J
1
I
1
2
2
2
3
1
2
12
North Dakota.·-····---·--·-Obio ...... ·-··-·· •• ·- ·-·-- .. .
Oregon.··········--··-----···
Pennsylvania .. _••• -····-···.
Rhode Island ...• _••..•. ···-·.
South Carolina .. _. __ ······••·
South Dakota.·--··--··- ·-···
Tennessee ...... ··--····-··-·.
Texas ... ··· ·· ······---·······
Virginia ......•. ·-·---········
Washington . .. ••• ·-·-·-······
Wisconsin ....• ·--············
Puerto Rico ..•. ·-·-·-········
.
TotaL .•....•.•• _......
Authorizations:
Loan to The RFC Mort•
gage Co.•·······-··· ····
Loans to railro11ds (in•
eluding trustees)•......
Loans to Co=odity
Credit Corporation•. ..
Subscription for stock of
The National Mortgage
Association of Wash•
ington • '······-··-- ····
2
2
12
4
I
(
I
15
1
1
7
I
I
5
5
4
9
3
3
1
I
I
2
I
I
I
- -173- - -00
Grand total._ •• ··-·-·
6
5
186
1 61
TOTAL, SEC. 5 OF THE RECONSTi1l8lJi~JINANCE CORPORATION ACT, A8
California._._··-··-·-·-·-·--Colorado_ -· -·. ··- ·- ··------··
District of Columbia .. _·-···Georgia. ___ ..•• ·-· ·--·--- ··-·
Illinois._. ____ ._-· •. ___ .. _.. _.
Indiana_ ..••••• ··-··------···
Iowa .• ··-·-·-·-·-·-·-----·· ..
KentuckY--·--··-·------·---Malne_ •.• _•• _._ ••..•. ·-··-· __
Maryland •• _•• -- ____ . __ . - ---·
Michlgan .••••• -·-··-·------·Mlnnesota ••••• ----·· ··-----Missouri. .•. -··-·--------···N ehraska_ •••. ····-·--··-----New Jersey_··-··--··--·-·----
1
1
2
1
2
1
1
~ ·---··---1
1
1
1
2
New York_·-·--··---------·-N orth Carolina._. ___ ._-·-·-..
Ohio .... __ ... _---·- _--· ___ •. _.
P~nl)SJ[lVania._._ •• -- -·--••• -.
Vrrg101a ..•.••••..••••••••••. _
Washington •••••..••••••••• _.
W isconsln. ·-•••••• _•••••••••.
1
2
3
Total_ .••••...••••..••..
Loan to The RFC Mort•
gage Co.•·-················Loans to railroads (including
trustees)• .••••.••••••••••..
M
1
Grand total ••••••••••••
2
f ·········1
1
1
1 ·•·•·•···•
6 ••··••·•··
il
BANKS AND TRUST COMPANIES (INCLUDING REC:S:IV:S:119 AND LIQUU>ATING AO:S:NTS)
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
California •...• ···-···········
District of Columbia .••••••••
Georgia .••• ·-·· •..• ·········Illlnois •••.•.... ·-··· •.•••••••
Indiana ••• -··-··· •. ·········Iowa. _.. ·-··-·- .• -···········
Kentucky.·--··- ••••.••••••••
Maine .. ·-····-···············
Maryland .••.. ·-··-··········
Michigan ••.•• _•••••••••••••••
•2
1
Minnesota...................
Missouri. .•••••••• _..........
2
1
12
1
~::
~;'/~·:::::::::::::::::
Ohio.........................
'i
II
1
1
1
1
1
13
Pennsylvania................
4
Washington..................
1
Wisconsin •• ,.~···-···········
1
Total-••••••••••••••••• ,1---26--,1----
See footnotes at end of table.
Digitized by
Google
REPORT OF RECONSTRUCTION FINANCE CORPORATION
15
3.-Number of authorizations, and number of new borrowers, etc., to which
authorization, were made, by States, during the first quarter of 1938 1-continued
TABLE
BUILDING AND LOAN ASSOCIATION
!Under sec. 5 of the Reconstruction Finance Corporation Act,
Number Number
ofauthor• of new
lzations borrowers
State
BS
amended]
Number Number
of author• of new
izations borrowers
State
--New Jersey...................
---
-----------
l
MORTGAGE LOAN COMPANIES
[Under eec. 5 of the Reconstruction Finance Corporation Act, BS amended]
North Carolina...............
1 ..•••..••.
Virginia......................
1
Total...................
2
1
The RFC Mortgage Co.•••••.• _ _ _
> 1 ···· ...
Grand total............
l
3
JOINT·STOCK LAND BANKS
[Under sec. 5 of the Reconstruction Finance Corporation Act,
Colorado .• ••••••••••••••••••·
Nebraska••...•.••••••.•...•.•
North Carolina.••••••••••••••
I
1·········· 1
1 .......•..
1 .•.•...•.•
BS
amended]
Pennsylvania ••••••••••••••••
Tot"1...................
~1··········
--4 ..••••••••
BORROWER ENGAGED IN THIE FISHING INDUSTRY
[Under sec.
5
of the Reconstruction Finance Corporation Act,
BS
amended]
Maine ........................ ,
TOTAL, SEC. 6c OF THE RECONSTRUCTION FINANCE CORPORATION ACT, AS
AMENDED
!Subscription for stock of a mortgage aa.soclatlon]
~
Asso-1
The National Mortgage
ciationofWashlngton• • •••.
TOTAL, SEC, 6d OF THE RECONSTRUCTION FINANCE CORPORATION ACT, AS
AMENDED
!Direct loans to Industrial or commercial business, Including participations]
/Alabama •••••••••••••••••••••
Arkansas .••••••••••••••••••••
California ••••••••••••••••••••
Colorado •••••••••••.••••••••.
District of Collll'.llbia •••••••••
✓Florida.••••••••••••••••••••••
g~~rota::::::::::::::::::::::
Indiana ••••••••••••••••••••••
lowa __ , ....................................... ..
Kansas •••••••••••••••••••••••
Kentucky ••••••••••••••••••••
~assachuaetts.-•••••••••••••
i.1~~·::::::::::::::::::::
·Montana••••••••••.••••••••••
2
2
1
l
1
2
4
3
4
1
1
1
1
1
•1
1
1
2
3
1
1
4 ••••••••• 3
1
2
1
Nebraska .••...••••••••••••••.
New Hampshire •••••••.••••••
New Jersey•••••••••••••••••.•
New York .....•••••••••••••..
North Dakota.•••.••••••••••.
Ohio .••••••••••••••••.••••••.
Oregon ..•.•...•••••••.•••••..
Pennsylvania •••••••••.•••••.
Rhode Island ..•.•...•.•.•••••
South Carolina •.•••.•.•••.•••
Tennessee •••••••..••.•.•••••.
Virginia ...••••.....••••.•.•••
Washington •••••••••••••••••.
Puerto Rico ••••••••••••••••••
Total .••••••••••.•••••••
1
l
2
7
2
7
1
·········2
10
l
1
3
l
3
l
7
1
1
1
2
1 ···•••••• 1
l
1
---->-71
.,, See footnotes at end of table.
79977-88--2
Digitized by
Google
34
16
REPORT OF RECON:::!TRUCTION FINANCE CORPORATION
3.-Number of authorizations, and number of new borrowers, etc., to which
authorizations were made, by States, during the first quarter of 1998 '--Continued
TABLE
LOANS TO INDUSTRIAL OB CO:aDIJl:BCIAL BUBINBSS
[Under sec. 5d of the Reconstruction Finance Corporation Act, as amended]
Number Number
of author• of new
izations borrowers
State
Alabama •••••••••••••••••••••
Arkansas .••••••••••••••••••••
California ••••••••••••••••••••
Colorado ...•.•••••••.•••••.•.
Connecticut .•......••..••.•..
District of Columbia •••••••••
Florida•••••••••.•••••••••••••
Oeorirla ...•••••••••••••••••••
Illinois •••••••.•••••••••••••••
Indiana .•••••••••••••••••••••
Iowa ...•••.•..•••...•.•••••..
Kansas ..••••••••••.••.•••.•••
Kentncky •.....••••.••••••••.
Massachusetts .•••••••.•••.•••
Michigan •••.•••••••••••••••..
Missouri .••••••••••••••••••••
2
1
Montana •••••••••••••••••••••
Nebraska •••••••••••••••••••••
New Jersey•••••••••••••••••••
New York••••••••••••••••••••
North Dakota ••••••••••••••••
Ohio .••••••••••••••••••••••••
Oregon ..•••.•••••••••••••••••
Pennsylvania.•••.•••••••••••
Rhode Island •••••••••••••••••
Tennessee ••••••••••••••••••••
Virginia_ •••••••••••••••••••••
Puerto Rico ••••••••••••••••••
1
Total•••••••••••••••••••
2
(&)
1
1
1
2
1
1
3 ••••••••• 2
3
4
1
1
1
1
2
Number Number
of author• of new
lzations borrowen
State
3
1
2
1
1
? ·········2
2
•
1
0
1
1
I
2
I
e
I
~ ·········1
58
211
PUBCHASJl:S or PARTICIPATIONS IN LOANS TO INDUSTRIAL OB CO:U::U:11:BCIAL BUSINJl:88
[Under sec. 5d of the Reconstruction Finance Corporation Act,
88
amended]
Ohio.........................
Pennsylvania ••••••••••••••••
Georgia ••••••••••••••••••••••
Michigan ..•..••••••••.••••••.
New Hampshire ••••••.••••••.
New Jersey•.•••••••••••••••••
} •••••••••
1
1----1----
Total...................
6
AGBJl:11::U:Jl:NTS TO PUBCHASJI: PARTICIPATIONS IN LoANS TO INDUSTRIAL OB COK:U:11:BCliL BUSINJ1:811
[Under sec. 5d of the Reconstruction Finance Corporation Act, 88 amended]
1
1
Washington..................
2
1
ll
1
I
Total...................
1
Michigan ••••••••••••••••••••.
Ohio ••••.•..•.•••.••••••••••.
South Carolina •••••••••••••••
Tennessee ••••.•••••••••••••• •
1
1----1----
7
TOTAL, SEC. lie OF THE RECONSTRUCTION FINANCE CORPORATION ACT, AS
AMENDED
[Loans on the assets of closed banks and trust companies]
Michigan.....................
South Dakota................
Total...................
10
•5
Tg
115
,----+---14
15
LOANS ON SELF·LIQUIDATINO PROJECTS
[Under sec. 201 (a), title II, of the Emergency Relief and Construction Act of 1932, as amended]
······1
__ 1· ········
Arizona
••••••••••••••••.
New Mexico..................
,_
Total...................
1_, •••••••••• 1
2 ••••••••••
LOANS FOR FINANCING OF AGRICULTURAL COMMODITIES
[Under sec. 201 (d), title II, of the Emergency Relief and Construction Act of1932]
Bee footnotes at end of table,
Digitized by
Google
---
17
REPORT OF RECONSTRUCTION FINANCE CORPORATION
3.-Number of authorizations, and number of new borrowers, etc., to which
authorizations were made, by States, during the first quarter of 1938 1-Continued
TABLE
TOTAL, ACT APPROVED MAR. 9, 1933, AS AMENDED
[Subscriptions for preferred stock, and purchases of _carital notes or debentures, of banks and trust
companies
Number
Number of new
of author- borrow•
lza tions
erstotal
State
Net
number
of new
borrow•
Less
duplica•
tlons
8l"8
----------------------1-'--- - - - - - - - - I •••••••••••••••••••••.••••••••
1
2
1
1
1 •••..•••••
1
1 ••••••••·•
1
3
3
3 ••••••••••
1
_,
1
1
1
Loulsianll-···················································--
Michigan_
--····-····················· •• -···- -·-····
Minnesota_-··········
••••••••••••••••••.•••••••••••••••.•••••••.•••••••••
Nebraska_ •••••••••.• _••• -· ••• _••• _.•• _._ ••.•.•.••. __ . __ .••••••
New Jersey •••••••••••••••••••••••••• -·····-··················New York ••• _. _••••••••••••••••••• _•••••.•••••.•••.•.•••••••.•
North Carolina ••••••• ····-·· •••••• --··-···-··················Ohio •••• _•••••••••••••••••• _•••••••••••••••••••••••••••••••••.. ,
---------- --·------- ·---------
---------- _______
---------- ---------_______
_
Total •.••.••..•.•.•..••••...•.............•...•..........
11
6
2
4
8UB8CRIPTIONS l'OB PBHBBBBD SToCX OJ' BANKS .UIID TBUBT COKP.1.llBI
[Under the aot approved Mar. 9, 1933, u amended)
Number Number
or author• or new
lzations bo~w•
State
Louisiana_ .•.••.•••.•.•...••.
Total-•••••••••••••••••
8r!!
____ ___
Export•lmport Bank of
Washington• ••••••••••••••. ,
1
I
Micblgan_._··················
MinnesotB-·--················
NewtJersey•••••••••••••••••••
New York __ ••••••••••••••••••
North Carolina•••••• : ••••••••
Ohio •••••••••••••••••••••••••
Number Number
of author· or new
lzatlons borrow•
State
1
1
1
3
1
1
3
Grand total ••••••••••••
,_
(I)
9
6
1
1----1----9
6
PUBCBA.8:&8 01' D:&BBNTUBBS
or
BJ.NltB AND TBUBT COHPANIBS
[Under the act approved Mar. 9, 1933, as amended)
·--················1-----, ·········· 1
Nebraska.....................
1
1
Total...................
2
1
I
I
TOTAL, SEC. 36, TITLE Il, OF THE EMERGENCY FARM MORTGAGE ACT OF 1933, AB
AMENDED
[Loans to drainage, levee, Irrigation, and similar districts, etc.)
.,
2
12
1
to 3
1
15
1
•1
1
11 J
Missouri ••••••••••••••••••••.
Oregon •••••••••••••••••••••••
Tennessee ••••••••••••••••••••
Texas_ ••••••••••••••••••••••.
Wl!~ington ••••••••••••••••••
Total•••••••••••••••••••
12
3
I~ ••••••• I 2
1
-----86
6
Bee footnotes at en4 of table.
Digitized by
Google
18
REPORT OF RECONSTRUCTION FINANCE CORPORATION
3.-Number of authorizations, and number of new borrowers, eu:., to which
authorizations were made, by States, during the first quarter of 1938 '-Continued
TABLE
TOT AL, ACT APPROVED APR. 13, 1934, AS AMENDED
[Loans to finance the repair of damage by earthquake, flood, or other catastrophe In 1983, 11134, 1936, and 1936)
Number Number
of author- of new
izations borrowers
State
State
Number Number
of author- of new
izations borrowen
--Georgia ..••••...••..•.•.•••••.
2
1
TOTAL, SEC. 14 OF THE ACT APPROVED JUNE 19, 1934, AS AMENDED II
[Loan to borrower engaged in the mining, milling, or smelting of ores)
Califomia.•••••••••••••••.•.• 1
t "Borrowers, etc.," includes applicants to whioh loans ha"8 been authorized and institutions In connection with which purchases of preferred stock, capital notes, or debentures have been authorized.
1 Not included in the State totals shown above, because the operationa of the borrowers, etc., ordlDarily
are not confined to any one State.
• Name subsequently changed to "Federal National Mortgage Association."
• After eliminating duplications, the net number of new borrowers during the first quarter of 1938 was 61.
Buch duplication arises when the Corporation, during the first quarter, made an authorization In ooooection
with a borrower for the first time under l class ofloan or other authorization, and had made an authorization
In connection with the same borrower during a prior quarter under a different clBSS otloe.n or other authori•
ution.
• During the first quarter of 1938, 1 authorization made prior to the first quarter was completely rescinded.
This rescission has 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 1938, 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 borrowen
during the quarter, inasmuch as the authorization was made durin!l-a prior quarter.
7 Includes 2 borrowers to whom loans were authorized prior to the first quarter of 1938, under sec. 6, as
amended, of the Reconstruction Finance Corporation Act, such borrowers being included under that section
In previous quarterly reports. During the first quarter of 1938 authorizations were made to these borroWllll
under sec. 5e of the Reconstruction Finance Corporation Act, as amended.
s During the first quarter of 1038, 3 authorizations 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.
• Includes a borrower to whom a loan was authorized prior to the first quarter of 1938, under sec. 6, u
amended, of the Reconstruction Finance Corporation Act, such borrower being Included under that section
In previous quarterly reports. During the first quarter of 1938 an authorization was made to thls borroander sec. 5e of the Reconstruction Finance Corporation Act, as amended.
10 During the first quarter of 1938, 2 authorizations made prior to the first quarter were completely rescinded. These rescissions h11ve 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 1938, 1 authorization made prior to the first quarter was eompletely reeeiadld.
This rescission has not been deducted from the number of new borrowers during the quarter, Inasmuch II
&he authorization was made during a prior quarter.
11 Classified by States according to location ofl>roperty of borrower,
Digitized by
Google
TABLE
4.-Number of authorizations and borrower11, to which authorizationa were made; and amount of authorizations, withdrawals or cancelationa, disbursementB, and amount outstanding,Jrom Feb. IB, 1932, to Mar. 31, 1938, inclUBive, by States•
GRAND TOTAL
State
Alabama___________________________________________________________________ _
Arizona __________________ • ______________ -- -- --- _____ - _-- -_-- -- -- -• -- ---- - --Arkansas ______________ • ___________ - -• -•• ___ - ___ - --- - ---- - -- -- -- --- -- -- --- -California ___________ -- -_. -- _- --- - --- -- -- - -- -- --- -- -- -- -- -- -- -- -- -- -- - -- --- -Colorado _______________________________________ --- -- -- -- -• -- -- -- ---- -- - -- --Connecticut __________________________________ , . -------------------------Delaware __ ... __ . ______ • ____ - •• _-_-_- - . - -- -- -- -- --- -- -- --- -- -- -- --- - --- -- --District of Columbia __________________ ---------------- __ -------------------Florida_ •••• _____ • _____ •• _____ --- --- -_-- -- --- --- - --- -- -- -- --- -- -- --- -- - --- -Georgia. ________________________________ -- -- - --• - • -- - --- -- -- -- -- --- -- --- -- --
rnr:is:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::-----
Indiana _________ • _. _________ --- ___ -- - --- -- -- -- --- -- --- -- -- -- - --- -- --- -- -- -- Iowa _____________________ ., ____________ ... _____ • _____ -- .. -- -- .. --- --- - .. -- .. - --- -..
Kansas __ •. ____ .• -----------------------------------------------------------
~~fs1!:
·:::::::::::::::::::::::::::::::::::::::::::::::::: _::: _: _: _::: ::::
Maine ________________________ • _______ . ___ .. __ . _____ -- -- -- -- -- . -- -- -- --- -- -·
Maryland __ •.•••• _____ -· •• ·-._. __ •.. -· ••.. -· __ . ____ •• _•• _•••••• _. ____ ._. __ •.
Massachusetts __ .·-··---··-··---·····-······-···-·······-···-··----· •• •···-Michigan_ • ·- _. _... ·--·- ________ •• __ •• -· •••••• _•••••.•••••••• __ •• -· _-· •• __ •.
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Montana____ ·····----·-···--····--·------·-----·--·····-····-·-·-······-···N ebraska. __ • ··- __ -· _.• ··-- ___ •• __ -· _•. __ • __ •• _____ ••• -- •••• -· ••••••••••••••
Nevada. ___ • __ • _.• _••• ·-•••• ____ - -- --- -•. -· •••••••••••• • • • --· • - -• -·- -- •• • •• New Hampshire .•••••• -·- ___ • _. ____ -· .••• _·--···· •• -- ••• --· - -·- --·--·· -· -• New Jersey_.······--·-··--··--·-- •• ····-···-·-··-·--···-·-·-----·-·-·---·-·
New Mexico •• ··--.-·--·-···----·-·-···-····-··-·-··---·-··---------·····--.
New York •• ----·-··.--·------·-·-·-·-······-·-·---·-·-·-----------··----·-N orth Caro lino •••••• ·- _______ . _____ ••• _••• ______ ._. -• _••• ··-- -- -- --- --- •• -North Dakota .•••• -· _____ •• ______ •. -··-.·-.·--_ •• ·-.-· •• -•• -- • -• -- -- -- --· -·0 hio •..• -· _••••• ____ -· -- -- -- -• -- --••• --- •• -• -• - -••••••••• -- - -- -- - -·--··- • • - •
0 klahoma __ ··- ••• _.••• __ • _______ ••••••• -- • -· __ -- --•• -· ·-. - -· ••.• -- --· - --- --Oregon __________ • _____________ ._._ •••• _._·-- ___ ._ •. ___ ••••••• -- --•• - _. --- -• Pennsylvania •• ___ •• ____ ·- ____ •••••••••••• -·-----·_ ••••• -•••••••••••••••••••
See footnotes at end of table,
I
Numbe, Number
ofau•
of borthorlza. rowerir
tlona
Amount author•
!zed
Amount withdrawn or can•
491
103
277
$17, 197, 747. 75
$6, 179, 369. 82
66
710
483
473
207
Ultl
21
47
295
5211
132
1,119
670
715
441
300
341
109
242
24, 252, 522. 77
M, 682, 686. 67
1167, 095, 270. 46
I, 533, 423. 86
10, 976, 744. 41
39,442,919.66
5, 173, 649. 78
6, 346, 462. 01
2, 232, 300. 00
4, 956, 836. 01
5, 599, 485. 25
6, 430, 328. 46
2, 182, 458. 30
66, 264, 422. 16
14,631,576.40
14,634,425.06
3,849,619. 17
11,610,729.87
88, 131, 803. 94
11, 032, 231. 25
15,501,581.48
16,015,781.22
104,803,547.35
6,711,027.05
4,861,120.47
32,500,061.51
I, 581,610.14
3, 842, 321. 70
4, 238, 846. 22
I, 121,983. 78
34, 694, 243. 68
1,501,976. 78
191,975, 181. 97
13, 482, 122. 67
I, 590, 626. 45
105, 426, 596. 93
2, 032, 834. 03
4,843,918. 73
70, 886, 441. 29
867
306
270
23
131
3116
734
244
1,800
962
1, 1211
593
621
590
204
352
528
1,309
939
785
1,147
294
1,314
68
53
1, 1Q6
400
751
625
470
747
163
404
36
45
804
95
60
l,IWI
1,165
411
266
1,038
208
585
368
1,441
418
451
2,088
'JZl
1,358
27, 493, 186. 63
33, 278. 030. 41
3, 349, 500. 00
37,178,434.01
29, 093, 677. 19
27, 761, 137. 93
15, 181, 162. 94
440, 729, 241. 94
82, 521, 166. 54
89,675,847.33
20, 889, 408. 78
51,221,841.02
223, 330, 885. 86
78, 329, 529. 02
141,294, 167. 23
98, 346, 912. 32
521, 586, 568. 61
39,874,498.26
45, 248, 721. 59
123, 356, 431. 70
15,440,477.22
25, 684, 066. 32
12, 902, 219. 04
5, 721, 553. 00
248, 992, 002. 95
11,494, 525. 81
771,251,612.08
71, 374, :!50. 20
14, 205, 206. 73
598, IV!3, 017. 86
26, 303, 404. 34
26, 334, 882. 8.9
340,994,612. 66
Amount disbursed
celed
$31,830,377.93
11,581,091.93
50, 191,376.37
625,427, 767. 78
20, 346, 201. 60
27, 879, 040. 72
1, 117, 200. 00
31, 119,998.00
18, 606, 277. 84
21, 108, 252. 77
12,513,402. 51
382, 222, 930. 13
67,287,072.64
74,953,957.55
16, 082, 789. 61
38,854, 913. 79
134,787,302.41
67,260,397. 77
125, 627, 185. 75
82, 153, 748. 20
414,307, 129. 59
34,068, 155. 30
40,291,333.65
89,377,947.06
13,416,983.01
20, 881, 379. 33
8, 476, 181. 27
4, 524, 569. 22
209. 203, 157. 56
9, 321, 934. 90
673, 829, 117. 83
57, 6-10, 307 26
12, 4 73, 258. 88
445, 125, 862. 33
24,175,570.31
21, 090, 336. 29
267, 463, 405. 65
I
Amount outstand•
Ing as of Mar. 31,
1938 I
$10, 637. 316. 66
6,071,869. 81
18, 984, 312, 69
259,397,437.34
6, 655, 292. 73
8,715,087. 23
317,300.00
3, 258, 853. 02
8,016,025.28
6, 675, 683. 64
3,570,457.69
94,291,439.35
13, 352, 461. 95
7, 125, 872. 79
6, 630. 892. 00
7, 818, 609. 07
30, 902, 358. 96
8, 580, 669. 56
32, 577, 845. 27
24,051,900.18
63, 112, 698. 13
8, 898, 941. 49
12, 534, 993. HI
20, 423, 535. 46
2,947,575.40
6,600,910.36
1,171,423.64
938,472.13
86,662,449. 75
6,641, 35R. 47
134, 733, sso. 58
11,246,622. 24
3. 385, 947. 12
73,631,531.54
3, !!4, 571. 89
7, 153, 652. 50
66, 086, 034. 87
I
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TABLE
4.-Number of authorizations and borrowers, to which authorizations were made; and amount of authorizations, withdrawals or cancelations, disbursements, and amount outstanding, from Feb. 2, 1932, to Mar. 31, 1938, inclusive, by States '--Continued
GRAND T OT AL-Continued
I
Number Number
of au•
of borthoriza• rowers
tions
State
Rhode Carolina
Island _____
- ---·---·-··-·-···-·---·-·-·-South
____ ----·--···-·-·___ ___ -·_. __ __-·-·__- --·-----______________
.---·_-··
__ -·· -- ___ ___ -·_.
South Dakota_. __ ___ · -- - _·- ____ -· ___ --· _..•••. ___ .. ___ •• ___ ·-·-·-· _- ·-· ____ _
Tennessee-- · ·- _______ -· - ---- -- -- •. -- --- -· -·-·· .. -· --·· -. -- -- -· -- -· · : - -- -- -Texas ___ --· ____ •. __-__- ---- -- --· - -- --- -- -- ---·- - -• --- - -·- - -·-. --•- - --- -• --• Utah----· · -·------- · --·---··· -- - --· --- ---------·------·--·- -· ·--·-···--·--··
Vermont·-···- ______ ___--· __ _--· .. --· _________________ .• _- ·· __ - -.. --· -· -. . -Virginia _______ -· ______ ________ _____ _-- · __ --- ___ ______ _____ ___ --- -. -- -•. ---· Washington _______ . . --·-···--·· -··-·_-·_ .. -··· ·· ____ .. __ -·_ -·_-· __ -··· . . . -·_
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Wyoming
____
-- -----·
-· __
-·-------·-·-··------·--------- ______
---- - ----·---·--· -Alaska_ · ·-___· ___
_______
____ __ -· ____ -· _. _--· ___ • __ ____
_____ __
__ -__
HawaiL_ · ··- ___ __ __ -· ________ ·-· ____ _____ •• __ ______ -- · _______ -· ______ -· __
Puerto Rico_._· -· _____ __ _-·-·-· ________ ____ -· _____ __ . _______ ._-· _--- · __ ··-·_
Virgin Islands ___ __ ·-·-· -····· - ______ -·--·· --·--·- -· -···· ____ .. -· --··-·--····
Amount authorized
Amount withdrawn or can-
celed
Amount outstandAmount disbursed I ing as of Mar. 31,
1038
3
l
251, 000. 00
126, 000.00
$7, 052, 028. 04
31,246,504.63
14, 788, 637. 06
103, 173, 777. 17
110,622,443. 74
18, 276, 169. 03
24, 784, 226. 36
38, 495. 232. 51
46, 602, 432. 78
41,139,829.28
105, 999, 185. 31
5, 536, 091. 64
1, 020, 500. 00
1, 230, 832. 00
4, 260, 060. 22
125, 000.00
31 , 947
20,046
5,751,586,632. 11
1,011 , 015,844. 42
4,541,870,864.41
1, 204, 745, 244. 95
11
• 57
12
78, 720, 787. 82
399, 636, 000. 00
- ----- ---- ----------
8
9, 250, 000. 00
12
74
3
1
178, 840, 4.52. 48
657, 052, 795. 00
53, 370, 955. 22
23, 500, 000. 00
1, 604,712,664. 99
25, 000, 000. 00
-------------------5,596,811. 76
70, 700, 534. 18
• 387, 236, 000. 00
9, 250, 000. 00
173, 243, 640. 72
550, 659, 239. 11
20, 224, 586. 66
3, 300, 000. 00
760, 115, 407. 45
25, 000, 000. 00
46, 351, 607. 85
7, 520, 925. 99
8
1, 343
32
238
453
703
1,289
22
144
301
414
220
r53
505
858
479,
1,406
111
13
5
134
103
344
381
287
1,021
63
11
4
26
22
$7, &'lo, 449. 40
37,981, 775. 24
18, 900, 413. 58
119,382,44 1. 02
132,916,207.43
22,507, 715. 94
27, 208, 596. 63
47, 325,451.04
67, 135, 633.44
47. 012, 060. 06
125, 157, 41 6.13
6,53 1, 229. 24
1, 123,500.00
1, 444. 935. 00
7, 032, 500. 00
902
$761,547.55
5, 154, 582. 83
4, 105,071. 17
15, 446,416.13
18, 968, I 60. 85
4, 205, 546. 91
2, 274, 370. 27
8, 220. 468. 53
18, 425, 343. f\3
5, 837,3 16.49
19, 138, 230. 82
979,637.60
66,000.00
214, 103.00
1,272, 439. 78
1---1---~------1---
Total _____ -· _-···· -· -······ ...•. --····-··- - _. _•• --·-·· --· ··- __ •.• -····
Authorizations:
Loans to The RFC Mortgage Co. '····--··-··--·---·-···-·····-···-·-···
Loans to Federal land banks•-· --···--·· · ·----·-·····-·-····-········-·Loans to Federal intermediate credit banks•-···-·--······ --···· -·······
Loans to regional ~ricultural credit corporations (rediscounts) •--····--·
Loans to railroads (mcludjng receivers and trustees) •-················· ··
Loans for financing exports of agricultural surpluses'-···-·-·····-··-· ·-·
Loans to Secretary of Agriculture to acquire cotton•-···· ·····--·· ·-····Loans to Commodity Credit Corporation•·--···········-········--·····
Subscriptions for stock of The RFC Mortgage Co.•. ·-·····-·-···---·- -·Subscription for stock of The National Mortgage Association of Wash•
ington • •--·· ··- •..•...•••.•••• --···· ..... -···· --· ••• ·····-···········Subscriptions for preferred stock of Export-Import Bank of Washington•.
Subscription for preferred stock of Second Export•Import Bank of Wash-
162
6
2
28
1
a
1
1
1
2
1
1
I
11, 000, 000. 00
20, 000, 000. 00
~~~~'Il~r~ 11ectrlDcaUon Administration •••••••••••••••••••••••••••
Grand total ............ ·------·---·---··-·····----·-··-·--·-·-·-····
2
2, 500, 000. 00
46, 500, 000. 00
sa. s12 I
20, 103
I
8,801,070,287. 02
12, 400, 000. 00
106, 393, 655. 89
33, 146, 368. 56
20, 200, 000. 00
566, 678, 346. 46
--------------------
--------------------------------------------------------------------- -----1, 761;, 430, 027. 09
11, 000, 000. 00
20, 000, 000. 00
1 •
$3,621,219.95
3, 714, 742. 56
3,400,017. 27
23. 473, JOO. 33
43, 904, 269. 53
3, 202, 838. 42
15, f\27, 335. 93
9, 701, 585. 59
7, (iOI}, 968. 28
5, 888, 343. 10
25, 872, 804. 69
1, 294, 086. 42
783,000.00
------------------544, 150. 00
121,500. 00
-------------- ----- --------- ---- -----368, 470, 718. 03
46,895.99
----------- --- -- --95, 048, 978. 91
25, 000, 000. 00
11, 000, 000. 00
20, 000, 000. 00
2, 500, 000. 00
31, 757,000. 00
31 , 754, 674 . 54
6, 606, 867. 272. 63
• 1, 809, 938, 940. 20
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TOTAL. SEO . .5 OF THE REOONSTRUOTION FINANCE CORPORATION ACT. AB AMENDED
A.I.abs.ma ___ _______________ • _______ ____ ___ ________________________ ___ ____ __ __
Arizona. ________ - - _____________________ _____________ __ _______ ________ _____ __
Ark8DS8S----- - - - --- - --- - - -- - - ---________
-- - --- - -___
- - ____
- ___________
__ ____
_____ _______
______
____ _______
__________
___ __
CaJJfornia
_______________________
Colorado_____________ ________ _____________ __ _______________________________ _
Connecticut _______________________________________ ___ ________ __ ________ ___ __
Delaware ___ -------------------- ---- ----------- - ___________________________ _
District of Columbia________________ ___________________ _
i~~Ii:--- -- - -~-~· · · · · · · · · · · · · · · · · · · :--: · · · · ·.··
Indiana __ • ____ __ ____ _____ • ___ ____ • __ ••• _____ ____ • ________________________ • __
Iowa ______ ___ ___ ____ ___ __ __ __ __ ________________ ·-._.·-_. __ ___ ___ ______ ._ •• __
Kansas----------------·-·-----·----------·-----------------------------·----
~~;~!-::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::
Maine ________ ___ ____________ _____________________ ________ _________________ _
Maryland ____ _____ _____ __ ________________________ • ________________ _________ _
Me.ssachusetts ______ -- __ ------ ______________________ ________________ - -_____ _
Michi!?an __ ____________________________________ _____________________ _______ _
3311
41
376
487
161
Ill
3
HO
175
306
138
1,410
531
919
305
401
428
119
:!09
173
924
560
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Montana ____________________________________________
___=__
______________
_
S!fil~r~L===
== ==== ================= ===============___
==: •==:
====
=: ==: === =====
Nebraska ________ _____________ -·- ________ ___ _______________________________ _
Nevada _________ ____ • ______________________________________________________ _
New Hampshire ________ ---·-- ____________________________ --- · - ______ ______ _
New Jersey __ _____________ _________________ ___ ___________ _---·---·---------New Mexico ________ ____________ ________ ___________________________________ _
New York _________ ___ --··-- ________________ ___________ ____________________ _
North Carolina __ _____ ____ __ ---·------- _______________________________ --·--N orth Dakota__________ .. __ ____________________________ ________ -- ______ • ___ _
Ohio _____ _____________________ _________ ____ • __ _____ ______ __________________ _
Oklahoma _______________________ --·----· -- --------- __ _____ _____ ___ ________ _
Oregon. ___ _____ __ ____________ • _____ • __ _• __ ____________ __ _______________ ____ _
Pennsylvania __ ______ __ _____________________________________________ __ __ ___ _
Rhode Island. ___ _--·------- _____________ _·------ -- __________ --·--- --- -----South Carolina___ _____ _____ ___ ___ --·-- _____ __ ________ ___________ ___ ___ ___ ___
South Dakota__________ ______ ____ --· __ -· __ _---- --·-- __________ __ ___________ _
Tennessee---------------------------------------------------------·--------Texas _____________________________ __ __________________ ______ _____ __ __ __ ___ __
Utah _____________ • __________________ _________ ________________ ___ _____ ______ _
Vermont __ ___ ______________________ --·-- ____________________ ---·---- _______ _
Virginia _________ ___ __ ___ _____ ____________ -· ___ ___ _____ ________ ___ ____ ______ _
Washington. ___________ ._. ____ -·. __• ____ __________ __•• _______ _·- ___ __ ___ _• __
See footnotes at end of table.
266
6114
143
469
34
18
699
fl
531
362
161
719
320
2115
1, 220
8
156
262
483
6(fl
181
84
263
604
163
l
197
1911
l
18
Sll,lll.1181.80
2, 754, 261. 73
26, 740, 4156. 156
1118, 386, 246. 46
7, 123, 048. 32
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3
00
70
,7
,7
06
13
33
46
93
6
189
89
60
1
l
43
1
258
205
83
:5
1
I
1
l
······-i
I
4
l
92
16
23
94
72
463
4
14
8
61:
3
77
3
l
I
43
16
42
611
36
08
36
15
129
223
308
1
4
60
3
13
1611
~
0
0
04
44, 1U2, 439. 21
12, ooa; 716. 19
30, 003, 724. 02
87
1, 840, 950. Ilg
~,...
1-3
i
,...
l:zj
:~
t,;1
0
0
!:a
~
,...~
0
z
~
,_.
TABLE
4.-Number of authorizations and borrowers, to which authorizations were made; and amount of authorizations, withdrawals or cancelations, di&bur&ements, and amount outstanding, from Feb. 2, 1932, to Mar. 31, 1938, inclu&ive, by States i__Continued
~
1.-...:)
TOTAL, SEC. 5 OF THE RECONSTRUCTION FINANCE CORPORATION ACT, AS AMENDED-Continued
~
I
t,,J
Number Number
of au•
of bor•
thorlza- rowers
State
Amount author-
Amount with-
ized
celed
tlous
~:i:Jo:Ifnla.::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::
Wyoming__________________________________________________________________ _
"-~==:
~~"!,~~L
~ ~= ::_____________________
::::::::::::::::::::::•• :::_::::
::::::::::::::::::::
:::::: _
Puerto Rico
_____________________
• _____ ••::____________
Loans?ota)_________________________________________________________________
To The RFC Mortgage Co.•-------------------------------------·-·---To Federal land banks•------------------------------------------------To Federal Intermediate credit banks•--------------------------------·To regional agricultural credit corporations (rediscounts)' __ ·-----------To railroads (including receivers and
Grand total___________________________________________________________
trustees)•--------------------------
0
cg:
N.
(1)
Q_
~
CJ
0
~
~
See footnotes at end or table.
322
830
52fl
75
2
2
7
23
2
2
5
$28, 882, 846. 61
70,342, 469. 61
4, 644, 329. 24
100,000.00
850,000.00
2, 703, 000. 00
17,983
9,011
3, 307, 400, 639. 41
11
457
8
1,343
162
12
8
12
74
19, 5M
9,118
1----~-
160
1
I
78, 720, 7ffl. 82
399, 636, 000. 00
9, 250, 000. 00
178, 840, 452. 48
657, 052, 795. 00
4,630, 900, 674. 71
drawn or can-
Amount outstandAmount disbursed I iog as of Mar. 31,
1938 •
$4,450,247.94
12, 639, 882. 92
534,637.60
372,694.25
$24, 424, 198. 67
57, 682, 586. 69
4,109,691.64
100,000.00
835,897.00
845,305. 75
654, 759, 256. 43
2,592,500, 188. 73
238, 546, 950. 59
46,351,607.85
7, 520, 925. 99
106, 3113, 555. 89
70, 700, 534. 18
387, 23fi, 000. 00
9, 250, 000. 00
173, 243, 640. 72
550, 659, 239. 11
779, 149, 624. 08
3, 783, 589, 602. 74
-------------------14,103.00
-
-----12,
--...400,
-- - -- -- -- 000. 00
-------------------5,596,811. 76
I
$1, 391, 897. 95
166,259.22
327,316.86
------------------·
---------------------- ---------- -- ----
-----------------·---------------------
368, 470,718.03
660, 890, 202. 46
"'
0
~
0
l,;J
~
t,,J
0
0
~
'./J
,-,3
~
Cl
0
....,-,3
z
....l,j
0
~
~
l.;J
0
0
~
6
!:a
~
~
REPORT OF RECONSTRUCTION FINANCE CORPORATION
23
4.-Numb,r of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, disbursements,
and amount outstanding, from Feb. 2, 1932, to Mar. 31, 1938, inclusive, by
States 1-Continued
TABLE
BANKS AND TRUST COMPANIES (INCLUDING RECEIVERS, LIQUIDATING AGENTS, AND CONSERVATORS)
[Under sec. 6 of the Reconstruction Finance Corporation Act, e.s amended)
Num- Num•
with·
berof
Amount author- Amount
drawn or
author- berof
lzed
bor•
iza.
canceled
rowers
tlons
State
Alabama•••••••••••••
2
2
7
17
2
2
6
$12, 946, 065. 87
2,061,300.00
26, 690, 006. 49
126,234,475.25
5, 338, 993. 30
18, 498, 217. 73
257,000.00
30, 510, 901. 41
8, 926, 297. 83
11, 710, 397. 99
3, 659, 856. 72
218, 947, 984. 00
47,412, 37(. 00
62, 920, 365. 13
8, 802, 304. 31
20, 780, 857. 60
118,691,162.69
61, 782, 134. 02
62, 194, 393. 96
42, 058, 700. 00
407,573,957.60
13, 700, 179. 13
18,463, :159. 36
62, 967, 002. 84
3,120,987.51
7, 841, 848. 59
6,403,725.92
1, 794, 000. 00
80, 847, 892. 30
1,513,773.54
117, 644, 719. 27
37, 796,187.51
7, 649, 284. 75
354, 728, 649. 37
4,691,874.53
9, 372, 880. 88
215, 544, 359. 65
I, 873, 413. 40
21, 325, 946. 13
5, 114, IH6. 70
73,117,431. '50
31, 498, 474. 80
8,001,388. 52
11,114,096.63
20, 315, 808. 87
32,467,510. Oil
24,747,355.84
41, 664, 990. 81
1,486,574.42
100,000.00
850,000.00
2, '/03, 000. 00
Tota) •••••••••• 15,320
7,351
2, 618, 469, 278. 66
Arizona••••••••.•.•..
Arkansas ••••••••••••
Californl&.. .•••.•.••••
Colorado....•••••••.•
Connecticut •••.•••••
Delaware ..••.•.•..••
District or Columbia.
Florida .••••••.•..•••
Georgia••••••••••••••
Idaho...•••••.•.•••••
Illinois..•••••••••••••
Indiana•••••••••••••.
Iowa. •.•••••••••••••.
Kansas .•••.•••••••••
Kentucky•••.••••••••
Louisiana. •••••••••••
Maine •...•••••..••••
Maryland •....••••••
MBSS8Chusetts •••••••
~=ta:::::::::::
314
39
312
424
128
78
3
103
150
278
98
1,261
600
87.1
295
380
371
116
151
103
795
647
257
624
99
M~J.pl.. ••••••••
Missou ..•••••••••••
Montana .••.••.•.•..
Nebraska.•••••••••••
443
Nevada•.••••••••••••
30
New Hampshire.••••
18
New Jersey ••••••••••
376
New Mexico•..••••••
27
New York .••••••••••
420
North Carolin& ••••••
240
NOrth Dakota •••••••
154
Ohio...•..•••••••••••
606
Oklahoma •••••••••••
299
Oregon .•••••••••••••
225
Pennsylvania•••••••. 1,111
Rhode Island ••••••••
6
South Carolina ••••••
115
South Dakota •••••••
251
Tennessee •••••••••••
433
Texas. •••••••••••••••
603
Utah ••• ········-····
Vermont.•••••.••••••
&•
Virginia•••••••••••••
234
Washington .••••••••
378
West Virginia••••••••
297
Wisconsin •••••••••••
728
Wyoming••••.•••••••
41
aa
A1:!tc:::::::::::
Puerto Rico •••••••••
--
138
16
158
159
72
30
3
25
110
146
50
610
274
494
163
179
132
33
76
48
1335
279
129
314
52
177
9
13
149
14
191
118
77
265
127
80
529
2
53
I 122
~,:
1118
37
116
If
1 8
444
$3, 632, 841. 96
Amount dis·
bursed
14,103.00
372,694.25
$9, 313, 223. 91
1,874,251. 73
20, 926, 436. 63
117,701,597.54
4, 209, 801. 17
16,243,657.56
249,000.00
27, 293, 965. 40
4, 986, 115. 05
9, 253, 084. 44
2, 902, 146. 39
184, 114, 398. 5'7
37,775, 697.•5
64, 399, 450. 85
6, 964, 553. 73
17, 329, 389. 29
86, 599,325.35
53, 913, 879. 81
53,275,385. 74
36, 023, 720. 17
314,371,033.29
10, 172, 079. 47
15,847,631.17
40, 784, 797. 33
2,643,647.90
6, 391, 985. 08
6, 048, 631. 56
1,437,860.08
69, 902, 114. 11
974,354.40
97, 157, 535. 52
28, 023, 928. 96
6,609,404.17
246, 333, 271. 92
3,227,901.57
7,751,202. 50
164, 002, 400. 29
1, 613, 755. 04
18, 725, 408. 61
4, 044, sm. 32
86, 660, 78t 83
26, 441, 602. 58
5, 596, 235. 35
8, 815, 916. 86
16,941, 2M. 57
19, 806, 465. 79
21, 127, 355. 27
81, 334, 189. 99
1, 196, 532. 89
100,000.00
835,897.00
845,305.75
474,179,647.91
1,991,114,369.95
187,048.27
5, 732, 719. 86
8, 520, 287. 99
1, 129, 192. 13
2, 254, 560. 17
8,000.00
2,615,336.01
3, 940, 182. 78
2, 424, 313. 55
757,710.33
34,342,705. 4;l
9, 470, 976. 55
8, 499, 214. 28
1, 837, 750. 58
3, 016, 468. 31
31,811,266.42
7, 831, 654. 21
8, 853, 608. 22
6, 016, 979. 83
92,937,044.57
3, 492, 399. 66
2, 615, 628. 19
22, 069, 816. 08
377,839.61
1, 449, 863. 51
223,394.36
356,139.92
10, 757, 709. 19
539,419.14
19,452,481.47
9, 772, 258. 55
1, 039, 880. 58
63, 294, 971. 65
1, 463, 972. 96
1,557,778.38
50, 421, 659. 36
252,784.55
2, 543, 537. 52
1, 066, 163. 38
6,371, 0~. 67
6,052,872. Z2
2, 405, u~. 11
2. 148, 179. 77
3, 374, 552. 10
u, 661, 044. 30
3, 611, 600. 57
10,310,800. 82
290,041.53
Amount outstanding e.s of
Mar. 31, 1938
I
$447, 992. 31
1, 244, 966. 98
113,005.18
7,654.16
776,216.81
630, 126. 77
953,315.18
847,047.91
60, 692, 924. 99
393,374.17
240,678.49
259,094.32
114,231.13
19,795,447. 65
97,619.56
64,080.47
19,500.00
22, 605, 652. 98
8,765.05
200,648.45
1, 975, 916. 88
50,972.89
158,079.94
123,800.00
2, 508, 442. 68
9,433.90
11, 643, 405. 73
25,098.40
63,908.72
10,294.742. 98
--------------172,648.42
5, 385, 460. 31
254,663.35
167,215.40
115, 354,36
6, 088, 849. 13
3, 20J. 732.17
2 ,867. 74
229,427.04
105,337.96
778,438.93
785,997.81
113,600.22
---------------
- --- - _________ ,.
-- ----------- ------ ----------
143, 926, 746. 62
BUILDING AND LoAN ASSOCIATIONS (INCLUDING RECEIVERS)
[Under sec. 6 of the Reoonstructlon Finance Corporation Act, e.s amended]
Alabama. •••••••••••.
3
ru· 111a••••••••••••••
60
1
8
1
73
16
~bll.!188 ............
alifornla.••••••••••.
O
Colorado.•..•••••••••
~nn~fcut •••••••••
1n:i~o1s••••••••••••••.
1&1111. •••••••••••••
46
3
28
$lll, 000. 00
2, 795, 378. 2li
32
9, 805, 134. 81
1
8
1
70
16
110,000.00
149,000.00
5,000.00
3, 988, 989. Oil
1, 683, 000. 00
$8tl.96
137,014.84
523,756.13
3,263.06
49,242.14
-------302,971.46
--- -----22,179.40
$110, 188. 04
2, 658, 363. 41
9, 281, 378. 68
106,736.94
499,757.86
5,000.00
3,686,017.63
1, 600, 820. 60
Bee footnotes at end of table.
Digitized by
Google
$25,765.00
--------------------------------·---------62,966.19
-----------·---
24
REPORT OF RECONSTRUCTION FINANCE CORPORATION
4.-Number of authorization, and borrOtDerB, to which authorizatiom 1Dert
made; and amount of authorizatiom, withdrawals or canulationa, dubursemenu,
and amount outstanding, from Feb. 2, 1932, to Mar. SJ, 1938, incluaiN, by
States 1-Continued
TABLE
BUILDING AND LOAN ASSOCIATIONS {INCLUDING Rl!:CJ:IVJ:118)-Contlnued
Num- Number or
or Amount author·
author• ber
!zed
bor·
iza- rowers
tions
State
Amount with•
drawn or
canceled
Amount dis·
bursed
Amount out•
standlog as of
Mar.31,1938•
-. - Iowa ...••.•••........
Kentucky ...•.......
Louisiana ____________
Maryland .•.•.•••...
Michigan .....•••...•
Minnesota ...... .• •..
Mississippi. ..•.•....
Missouri .............
Montana ...•...•....
Nevada ..•.... .......
New Jersey • ......•..
New York ..... ..••.•
North Carolina .•.•••
North Dakota ..••..•
Ohio .. •.•.....•••••••
Pennsylvania .• ••.•..
South Carolina ...•..
South Dakota_......
Tennessee ...• •.• ....
Texas .•.. ..••......••
Virginia ....•••....•.
~ashini:ton, .•....•.
est V irgima ....••••
Wisconsin . .•.....•..
Wyoming ...•..••••..
20
9
5
16
75
2
$1,132,800. 00
1, 449, 500. 00
3, 273, 800. 03
2, 463, 288. 63
2,091,287.87
107,500.00
103,500.00
250. 000. 00
313,605.00
85,000.00
30, 978, 193. 02
9, 267, 159. 38
3, 580, 018. 3g
155.000. 00
52, 178, 834. 58
4, 122. 100. 00
1, 668, 049. 11
261,077.02
200,000.00
1, 718, 150. 00
975,662.35
849,000.00
1, 626, 000. 00
9,041,000.00
815,611.87
$25,110.25
54,488.39
80,860.77
130,200.87
221,494.69
3,226.48
7,502. 78
2,230.27
78,068. 78
55,000.00
1, 708, 241. 20
1, 961, 134. 86
75,868. 94
3,022.75
22, 527, 623. 40
159,297.39
149,228.63
15, Oil. 55
405.15
105,416.04
25,050.90
5,591.24
15,681.12
463,211. 7~
83,472.88
$1,107, 689. 75
1, 395, 011. 61
3, 182, 999. 26
2, 333, 087. 76
1, 869, 793. 18
104,273.52
95,997.22
247, 769. 73
235,536.22
30. 000. 00
29,071,684.92
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
732,138.99
1,013
147, 843,699.40
28, 995, 680. 11
117,934,752.39
15
16
33
23
24
5
4
I
13
16
26
19
16
3
4
4
4
1
278
36
85
3
239
77
28
7
6
24
13
5
17
89
5
-Total. •.. ••• •.. 1,235
l
l
255
24
68
2
173
72
19
5
6
--------·-·····
$533,325.110
266,026.27
----·-·········
------------------------·-···
----------·····
--------------755,545.91
------------------------·-···
320, 38:l.M
32,801.12
----------·-···
-----------····
------------------------------------------·
---------------
2,150.00'
327,316.86
2, 326, 280. 75
lNSUIIANCB COKPANIU
[Under sec. 6 of the Reconstruction Finance Corporation Act,
Alabama ...•••.•..•.
Arkansas ...•..•••.•.
Colorado ... •........
District of Columbia.
Florida .........•.•.•
Illinois ..••...•••••...
Indiana•.....•.......
Iowa .................
Kansas .. ............
Kentucky ...•...•...
Lou!slana ..•.....•••.
Maryland ..•.•....••
Michigan .. ....••••..
Minnesota ....•••....
M!sslsslIJpi. . •.• ••...
M1ssour1. •...••.••..•
Nebraska ....••..••••
New Jersey ..•••....•
New York ...........
North Carolina ..•...
North Dakota ......•
Ohio .....••..••.•••..
Oklahoma ..•.•......
Pennsylvania ...•....
South Carolina ••....
South Dakota •••...•
Tennessee •.•••......
Texas .•.. ...•........
Virginia..............
West Viri?inia •••...••
Wisconsin ..••••..••.
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
Total ••..••••••
207
$41,300.00
80,000.00
3
9
1
2
2
$339, 050. 00
435,000.00
50,000.00
75,000.00
33,000.00
6, 028, 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, 4R3, 600. 00
1, 932, 500. 00
74,500.00
15, 865, 000. 00
275,000.00
1, 8m, 225. 47
504. 000. 00
50,000.00
711,000.00
4, 170,731.66
385,196.62
736,990. 77
60,000.00
------ ---- ---- - -
133
103, 006, 858. 28
13, 331, 441. 86
3
4
1
1
2
14
6
13
7
l
2
2
10
2
1
6
6
5
9
5
2
4
2
5
2
l
----- ----------------------------------------96,042.28
1, 262, 021. 45
102,200.84
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
1,086,357.04
112. 50
5,000.00
7, 033, 661. 80
I, 950.00
744,325.47
--- ------ --- ---34,125.51
44,083.24
10, 104.37
276,363.58
as amended]
$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
209,887.36
129,843.va
---------------
191, 29(.02
1, 248, 056. 25
13, 985, 000. 00
4, 207, 519. 211
22,500.00
112, 000.00
7,596,781.37
1,997,486. 44
813,500.00
27,397,242.96
1,932,387.50
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. 2S
460,627.19
60,000.00
------------···
---------------------------··
89, 675, 416. 42
2,561, 73U.1
See footnotes at end of table.
Digitized by
$64,161.50
-----------------------------
Google
55,3601
---------------
664,615.33
38,415.00
237,016.56
364, 132.lll
--------------,
----------------------------·
--------------·
-----------------------------
297,000.00
310,001.61
REPORT OF RECONSTRUCTION FINANCE CORPORATION
~
25
4.-Number of authorizationB and borrowerB, to which authorizationB were
made; and amount of authorizationB, withdrawal11 or cancelations, disbursements,
and amount outstanding, from Feb. 2, 1932, to Mar. 31, 1938, inclusive, by
TABLE
State, 1-Continued
M0BTGAGII LoAN O0KPANI118
[Under sec. 6 of the Reconstruction Finance Oorporation Act, as amended]
Num• Num•
berof
Amount author•
autbor• berof
bor·
ized
!28•
tions rowers
State
Amount with·
drawn or
canceled
Amount dis•
bursed
Amount out•
standing as of
Mar. 31, 1938 •
-Alabama.•.••••••••••
Arifona ..••••.•••....
Arkansas ...•...•••••
Caiilornia.•......••.•
Colorado...•.........
Connecticut. .......•
District of Columbia.
Florida .•.••••...• •..
Georgia••••••••••••..
Idaho...•••••••.•..••
Illinois.••.•.•••.•.•••
Indiana••.•..••...••.
Iowa. .•..•..•••.•.•••
Kansas ..••.•••••...•
Kantncky •••••••••••
Louisiana••...••••.••
Maine •.....•.•••••••
Maryland •...•••...•
Ma.ssachusetts •..••.•
Michigan .••.••••••••
Minnesota..••.••.•••
Mississippi. ••••...•.
Missouri.. •••••.•..••
Montana .•.••••.••••
Nebraska .•••.•••••••
Nevada....•..•••••..
New Jersey ..••••••••
New Mexico....•••••
New York .......•. _.
North Carolina .•.•••
North Dakota ...••••
Ohio......•...•••••••
Oklahoma .••.•••••.•
~regon .••. , ...•••.••
annsylvarua.••..•••
South Dakota •.•••••
Tenne&o;ee..•••..•••.
Texas.••...••••..••••
!i
;!SI iti,ii.".":::::::
8
V~ginla •••••••
.,
I
ISCODSID •••••••••••
Total ..••....••
Loans to The RFC
Mortgage Co.• ••.•.
Grand total.. ••
4
$1, 922, 760. 55
100,000.00
1, 433, 500. 00
69, 342, 493. 44
1,374,000.00
1, 675, 000. 00
1,114,532.60
878,032.99
1, 8ll, 994. 51
2, 414, 000. 00
10, 794, 669. 90
220,000.00
2, 773, 5.'iO. 00
97,500.00
92,500.00
6, 483, 502. 37
3, 200, 000. 00
25, JI 4, 852. 97
28, 667, 648. 32
13, 365, 762. 29
3, 102, 500. 00
517,477.67
6, 989, 250. 00
156,370.00
695,225. 00
1,610,306.19
23, 074, 188. 99
209,000.00
146, 322, 300. 00
5, 698, 958. !!6
65,000.00
42, 968, 048. 24
4, 879, 650. 00
1,241,420.25
6,081,475.00
6, 576, 000. CO
10, (112, 165. 53
22,713,976.26
I, 285, 000.00
4, 643, 861. 89
7,755,825.23
72,500.00
6, 488, 762. 92
412
474, 995, 562. 07
130, 316, 328. 77
340, 730, 761. 73
1
78, 720, 787. 82
----------------
70, 700, 534, 18
46, 351,607. 86
413
~. 716,349.89
130, 316, 328. 77
411,431,295.91
131,471,780.29
16
1
6
9
9
1
4
7
8
8
4
3
6
4
8
1
4
10
3
12
1
4
2
3
2
1
ll
21
3
47
2
18
1
29
t
23
64
27
86
4
60
4
2
16
1
1
10
1
8
3
4
2
38
25
5
55
4
32
25
11
1
27
18
9
1
20
16
3
10
1
23
3
34
58
2
12
16
3
8
-708
11
-719
11
34
2
9
11
3
$532, 340. 90
100,000. 00
332,168.02
1, 082,750.48
29,903. 88
315,243.38
------ 95,719.61
----- ----483,864.58
44,023.52
6,261,230.38
22,508.08
2, 773, 550. 00
47,500.00
42,500.00
2,157,982, 88
$1,390, 419.65
68, 259, 742. 96
1,344,096.12
1,359,756.62
764,532.60
782,313.38
1,328,129.93
2, 369, 976. 48
4, 533, 439. 52
197,491.92
2,120.13
38,250.00
360,451.25
351,912.75
380,915.30
--------------372,177. (11
122,509.51
-------------------------------50,000.00 --------------·
50,000.00 ---------------
3, 490, 758. 52
4, 740, 920. 36
67,500.00
3,200.00
1, 410, 724. 69
202. 39
40,978.66
360, 470. 78
5,377, 122.96
60,000.00
80,817, 889. 70
906,587.20
245. 00
1, 862, 081. 22
121,483.56
692,522.55
1,478, 550.11
2, 731,262.25
2, 048, 261. 14
2,667, 754. 16
50,000.00
1, 228, 995. 63
755,147.95
11,500.00
1, 842, 785. 61
4,325,519. 49
3, 200, 000. 00
21, 886, 754. 25
25, 141, 889. 80
8,624,841.93
3, 035, 000. 00
514,277.67
4, 578, 625. 31
156,167.61
6.YI, 246. 44
1,114,343.86
16, 736, 000. 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
7,840,240.18
20, 046, 222. 10
1, 235, 000. 00
2,996,616.26
7, 000, 677. 28
61,000.00
4, 645, 977. 31
---------------3, 228, 098. 72
$192,733.25
-------------------------------1. 101,331.98
142,828.52
1,470, 972. 50
1, 476, 9ll. 54
6, 070, 006. 96
11, 555, 053. 10
274,670.48
--- --- ----------------------1, 239, 075. 72
20,000.00
338,861.25
7, 862,219. 71
5,126.25
34, 21!, 204. 47
1, 397, 763. 01
--------------1, 232, 330. 91
292,686.16
3, 460, 791. 48
3, 467, 424. 82
5, 946, 855. 44
-·----- --- ---1, 810, 483. 91
958,074.19
15,262. 77
50,500.00
85,120,172.44
OBIIDIT UNIONS
(Under sec. 6 of the Reoonstmction Finance Oorporatlon Act, 118 amended)
M
M:;,oousetts-··---·
Minn gan········-···
N esota. .•••. ·-··, R~w York •• ·-·-·····
a
2
1
1
1
1
$74,555. oo
65, 000. 00
1
1
IO, 000. 00
20,000.00
10
7
642,967.80
$843. 42
9,504.30
261.29
20,000.00
12,263.00
$73,711.58
55,495.70
9,738. 71
42,872.01
600,095.79
$16,747.118
455,183.00
126,316.00
. v~~~::::::::1---t----+-------f------1-------1----~
} 46~: ~::
6,966.80
Total •••.• _....
Bee footnotes at end of table.
Digitized by
Google
142,062.58
26
REPORT OF RECONSTRUCTION FINANCE CORPORATION
4.-Number of authorizations and borrowers, to which authorizations toere
made; and amount of authorizations, withdrawals or cancelations, disbursement,,
and amount outstanding, from Feb. 2, 1932, to Mar. SJ, 1938, inclusive, by
States 1-Continued
TABLE
JOINT·STOCK LAND BANKS
[Under sec. 5 or the Reconstruction Finance Corporation Act, as amended)
~e~'::i Num-
th
author· ber or Amount author• Amount wi ·
izabor·
!zed
~~~~.;:{
tions rowers
State
Ei~iW~~L::::::::::
Michigan ..••.•....••
Minnesota •.•.•..••••
Nebraska .....•••....
North Carolina ••••.•
Pennsylvania ...•••••
South Carolina .••.•.
Tennessee .••.•••••••
Texas .•.•••••••..•.•.
Utah ........•..••••.
West Virginia .••••••
3
4
5
2
2
4
3
1
2
2
1
8
5
2
8
3
4
1
2
1
1
1
1
1
2
2
1
1
2
3
1
1
2
2
1
1
$590, 000. 00
3, 485, 000. 00
2, 494, 772. 68
205,000.00
3, 645, 300. 00
335,000.00
2, 150, 000. 00
330, 000. 00
82,500.00
1, 035, 000. 00
185,000.00
2, 766, 000. 00
2, 931, 000. 00
401,000.00
2, 185, 000. 00
190,000.00
2, 636, 000. 00
550,000.00
1, 700, 000. 00
Total ••.•.•.•..
62
26
Zl, 896, 572. 68
Arkansas •• ·-········
California .....•.•....
Colorado ...••..•.••.
Georgia .•••...•.•.•.•
Illinois .••.•.....••.•.
Indiana•..•.•.••..•..
Iowa ....•...•.•.•...•
1
1
Amount disbursed
$104,811.41
342,472. 72
80,763.90
$485, 188. 59
3, 142, 5Z1. 28
1, 214, 008. 78
205, 000, 00
2, 261, 993. 28
Z12, 921. 24
1, 979, 987, 10
Amount out•
standing as of
Mar.31,lll381
$al2,"587.77
----------------------------------------------------------·
1, 383, 306. 72
------------···
62,078. 76
--------·-·····
170,012.90
-------------·
330,000.00 ------------------ --------------·
82,500.00 ----------·-···
---------------158,213.06
876,786.94
---------------516,000.00
69,843.88
19,148.24
1, 168, 463. 98
100,000.00
719,965.48
1,767.58
535,102.67
185,000.00
1, 430, 000. 00
2, 777, 386. 04
381,851. 76
1,016, 536. 02
90,000.00
1,916,034.52
548. 232.42
1, 164, 897. 33
6,761,951.30
20,030,851.30
----·-········
497,693.66
1, 888, 938. ~
249,989.78
---------------
475,935.09
590,637.37
3,905, 782.20
AGRICULTURAL CREDIT CORPORATIONS
[Under sec. 6 of the Reconstruction Finance Corporation Act, as amended]
Arizona .•••••.••••••.
Arkansas .•••.•.••••.
Colorado ••••••.•..••
Florida •.••.•....•.•.
Idaho .•.•••...•.•..•.
Iow~ ......•.•.•.•...•
Lows1ana .•••.•••....
New York ....•.•••..
North Dakota •••.••.
Oregon ...•...•.••••.
South Carolina .•••..
Tennessee .••.•....•.
Texas_ ....•••.•.•.•..
Washington._ •.•....
Total ••••••••••
1
5
4
1
2
3
1
1
1
1
1
1
1
1
$880, 000. 00
15
1
2
2
2
1
203
4
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
250
20
6,120,867.59
7
2
2
2
I
2
$880, 000. 00
214,135.96 ··-··$40,(65.21
59,955.31
435,000.00
58,722.60
455,000.00
120,000.00
232,590. 74
1,000.00
116,790.30
$11,500.00
5,167.00
25,000.00
164,660. 72
58,500.00
124,250.00
6,239.95
81,931.70
--------------------------······
89,251.13 ······,0037_"
477,249.37
2,981, 172. 19
..,,
6, 643, 618, 22
88, (93. 07
"'
LIVESTOCK CRJ:DIT CORl'ORATIONS
[Under sec, 6 of the Recolllltruction Finance Cdl-poratlon Act, as a.mended]
Colorado...••••••••••
Idaho .•.•••••••••••••
Missouri.. ••••••••••.
Montana •••••.••.••.
NewMexico ..•••••..
Oregon .•••••.•.••.•.
Texas ••••.•.•••.••.•.
Utah .•••.•••.•.••.••
Wyoming .•. _•..•....
Total •••••••••.
4
30
1
38
9
4
4
35
29
IM
2
2
1
3
1
1
3
2
$138, 450, 00
2, 030, 235, 29
4
$382, 850. 00
2, 132, 035. 29
421,000.00
2,142,250.00
874,441.61
Z10, 740. 00
2, 468, 425. 03
3,477,443.10
2, 342, 142. 95
$244, 400. 00
101,800.00
421,000.00
14,5, 900.00
106, :.149.88
28,450.00
25,980.00
304,826.12
161,123.19
1, 996, 350. 00
768,191.63
242,290.00
2, 442, 445. 03
3,172,616.98
2, 181,019, 76
19
14, 511, 3Z1. 88
1, 639, 729. 19
12, 971, 698. 69
See footnotes at end of table.
Digitized by
Google
-----------····
------------···
---------·-····
--------·······
----------·····
-------·----···
--------·······
--------·······
------···---···
------··--·····
27
REPORT OF RECONSTRUCTION FINANCE CORPORATION
4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, disbursements,
and amount outstanding, from Feb. 2, 1932, to Mar. 31, 1938, inclusive, by
States '-Continued
TABLE
PROCESSORS, OR DISTRIBUTORS 81JB1ECT TO PROCESSING TAXES
[Under sec. 5 of the Reconstruction Finance CorporaUon Act, as amended)
~e~'::r
Num- Amount author- Amount with-
author• ber of
.
bor•
IZStions rowers
State
Connecticut •••• _•• _.
Kentucky_---------·
Montana.----------.
:Sew Jersey·-·-·----·
Ohio
.•.••..• ·---·---·
Pennsylvania
_______ •
Tennessee __ ·--·---_.
Total __________
1
1
1
1
1
1
1
1
1
1
1
1
1
1
7
7
Amount disbursed
~~~~
ized
Amount out•
standing as of
Mar. 31, 1938 •
$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 ·-····---··--·26,089.'J:7
11,371. 21
14,718.06
BUH FUNDS CREATED roR THE PURPOSE or INSURING REPAYMENT OJ' DEPOSITS OF PUBUC MONJ:TI
[Under sec. 5 or the Reconstruction Finance Corporation Act, as amended]
I
Wlseonsill ••• -•• ·--··1-31-1
Total •• ·--·····
3
1
$13, 087, 715, 881
$23. 084. 70
13, 087, 715. 88
23,084.70
I
$13,064, 631.181······-··-·····
13,064,631.18 ·-·-···-·······
BORROWERS ENGAGED IN THE FISHING INDUSTRY
[Under sec. 6 or the Reconstruction Finance Corporation Act, as amended]
Florida .••••••..•• -••
12
9
4
2
3
2
2
2
3
2
~~h~:g1on:::::::::
1
1
2
2
$57,100.00
76,500, 00
600. 00
29,000.00
525,000.00
22,000.00
42,500.00
57,000.00
Total •• ·-····-·
27
22
809,700.00
Georgia...•••••.••••.
Maine···········-···
M!lSS&chusetts •.•..••
Oregon ...... ·-····--
i~uth _Carolina •••••.
1
1
$44,900.00
35,000.00
$12,200.00
31,375.00
300.00
29,000.00
525,000.00
22,000.00
42,500.00
57,000.00
$2,400.00
12,600.01
260.00
7,583.89
340,000.00
17,431.68
39,000.00
56,400.00
79,900.00
710,375, 00
475,675.118
-------------------------------------------------------------------------------------------
TOTAL, SEC. 5c OF THE RECONSTRUCTION' FINANCE CORPORATION ACT,
AS AMENDED
[Subscriptions for stock or mortgage loan companies)
. Illinois••••• _•••••••••
0
The R'1;, /lkortgage
Co.' ..
The National Mort:
3
Washington••···-·
1
Grand totaL. ••
6
$1, 250, 000. 00
$1, 250, 000. 00
1, 250, 000. 00
1, 250, 000. 00
25, 000, 000. 00
$25, 000, 000, 00
$25, 000, 000. 00
gage Association of
11, 000, 000. 00
3
37, 250, 000. 00
1, 250, 000. 00
11, 000, 000. 00
11, 000, 000. 00
36, 000, 000. 00
36, 000, 000. 00
See footnotes at end of table.
Digitized by
Google
28
REPORT OF RECONSTRUCTION FINANCE CORPORATION
4.-Number of authorizations and borrowers, to whu;h authorization, 11!11
made; and amount of authorizations, withdrawals or cancelationa, di8bur1emtri11, ,1
and amount outstanding, from Feb. S, 193S, to Mar. 91, 1988, inclum,, ~
States '-Continued
TABLE
TOTAL, SEO. 6d OF THE REOONS:l}.¥:ifJf>ii FINANCE OORPORATION !CT, Ai
[Direct Joans to Industrial or commercial business, including participations]
State
Num• Num•
berof
Amonnt author• Amonntwtth•
drawn or
author- berof
bor•
!zed
canceled
lza· rowers
tlons
Amonntdllblll'8ed
!mwnllld·
ll&lllmg11~
Mar.1,11111
-Alabama•••••••••••••
.Arizona•.••••••••••••
Arkansas ••••••••••••
Oalifomla.•••••••••••
Colorado •...•••••••••
Connecticut ••••••••.
Delaware ••••••••••..
District of Columbia.
Florida ••••••..••••••
Georgia ••••••••••••••
Idaho ..••••••.•••••.•
Dllnols •••••••••••••.•
Indiana ••••••••••••••
Iowa.•.•••.••••••••••
Kansas ••••••••••••••
Kentucky •••••••••••
Louisiana••••••••••••
Me.ine __ . __ ••••••••••
Maryland •••.•••••••
Massachusetts •••••••
Michigan ••••••••••..
Minnesota .••••••••••
Miss~pL •••••••.
Mlsso
••••••••••••
Montana ••••••.••••.
Nebraska ••••••••••••
Nevada••.•..•.••••••
New Hampshire •••••
New Jersey .•••••••••
New Mexico.••••••••
New Yock ...........
North Carolina .••••.
North Dakota •••••.•
Ohio..•••••..••••••••
Oklahoma.•••.••••.•
Oregon.···-····-····
Pennsylvania.•••••·.•
Rhode Island_ ••••.••
South Carolina ••••••
South Dakota .•••• -·
Tennessee •••••••.•••
Texas_ •••••••••••••••
Utah .•••••••.•••.•••
Vermont •••.•••••••••
Virginia._ ••••••••••.
Washington_ ••••••..
West Virginia.•.•• -.•
Wisconsin •• _•••.••••
Wyomine.•••••••••••
Alaska._ •••••••••••••
Hawaii. •••••••••••••
Puerto Rico •••••••••
42
2
42
27
13
39
3
12
86
145
19
126
59
23
42
36
15
8
44
136
77
42
19
88
18
29
2
5
141
4
401
53
10
149
g
61
194
17
19
10
53
63
11
8
30
86
30
32
1
1
1
11
89
2
39
21
10
33
3
9
78
124
16
111
M
21
40
34
14
8
88
122
74
40
19
78
15
25
2
4
114
2
340
50
9
126
8
52
157
14
16
10
48
50
8
6
27
77
26
30
1
1
1
11
Total •••••••••• 2,584, 2,258
$1, 149, 983. 33
215,000.00
5, 055, 744. 10
2, 901, 500. 00
599,500.00
8, 702, 500. 00
312,500.00
278,000.00
1, 610, 125. 00
4, 893, 553. 43
~600.00
12, 222, 768. 65
2,911,900.00
1, 291, 000. 00
980,688.27
2, 481, 000. 00
375,800.00
211,660.00
a, 212, 671. 67
6, 810, 850. 00
7, 741, 866. 07
978,560.00
697,180.00
8, 201, 400. 00
294,242.50
537,660.69
95,121.113
906,000.00
16, 794, 433. Z1
220,000.00
19, 622, 292. 60
3, 949, 107. 14
593,560.00
10, 938, 416. 67
286,500.00
5, 214, 900. 00
19,911,834. 00
3,271,000.00
2, 730, 550. 00
63,600.00
4, 452, 668. 74
1, 169, 825. 00
625,645.32
299,500.00
1, 561, 100. 00
4, 685, 420. 16
1, 272, 345. 45
2, 609, 550. 00
7,500.00
11,000.00
200,000.00
169,500.00
168, 722, 613. 99
$382, 950. 00
334,666.67
929,642.04
364,833.80
1, 157, 972. 32
12,500.00
41,500.00
234,181.00
2, 092, 455. 68
42,549.00
3, 689, 469. 48
681,500.22
439,500.00
202,250.00
1, 200, 988. 10
148,000.00
111,660.00
1, 116, 713. 67
2, 75:1, 460. 74
1, 838, 882. 63
516,194.09
417,680.00
1, 412, UOli.116
66,992.50
232,475.00
24,124.14
135,000.00
7,148,250.00
95,000.00
7, 953, 686. 95
l, 339, 443. 03
11,600.00
2,976,814-14
88,000.00
1, 492, 900. 67
7,174,124.48
295,000.00
717,345.25
43,050.00
780,687.77
629,009.65
101,500.00
126,190.50
778,109.26
1, 614, 536. 27
667,435.21
1, 566, 550. '¥T
11,009.00
200,000.00
12,000.~
·············--
~-·
..................................... --------- • · 142,500.00 -·····91,111.00
56, 398, 269. 711
Bee footnotes at end of table.
Digitized by
$1i79,033.33
IW/,!lla ;
65,000.00
45,1111.fl
4,660,233.33 .. OIO,ll!UI
1, 669, 536. 00 l,IIG,07UI
147,282.1
209,IIM.OO
2, 492, 000. 00
l,IAl!,~11
300, 000. 00
86,500.00
00,175.lll
887,11.U
1,288,044.00
1,Si2,iil.l
2,675,6Cl6.0li
ffl,IU
542,00!.81
5,11,111.1
7, 263, 1136.113
l,57~3111.17
1, 843, 582. 28
611,r.l.11
791, li00.00
11,71».D
721, 438.'/I
711,111.11
1,027,1183.33
J!0,111.11
232,800.00
'11,llllll
100,000.00
1,1111,511.111
2, 095, 958. 00
2,781,lllll
3, 933, 006. 38
3,Ml,1161.11
5, 113, 819. 98
112,m.11
442, 7/iO.OO
gi,im11
176,576.00
a, sa1, 21H. 91 2,310,811.ll
lll,171.31
173, 2/iO.OO
1211,111.1
244,810.69
70,997.79 -··--68!,&10.I
696,000.00
6,ffi,IAI
8, 398, 983. 27
11,111.11
125,000.00
7,1118,llf.l
10, 283, 9116. 65
1,715,121.ll
2, 481, 613. 92
m,1111.1
440,638.60
4,&'l~llkll
8, 681, 449. 73
31,211.31
103,500.00
2,11111,m11
3, 448, 101. 14
9,0ll,811i.l
11, 213, 343. 80
2,5.17,IULI!
2, 961, 000. 00
525,176.97
1~17UI
20, 5liO. 00
2,673,!S'l.ll
3, 181, 497. 97
3111,177.11
528, 316- 36
311,111.1
424,146.32
121,131.ll
173,309.60
n,U'I.I
51111,fllll. 74
1,1188,977.Jl
2, 702, 000. 66
~,14111
578,395.95
551.12l!S
1, 042, 999. 00
1,rm.111
7,500.00
Google
99, 390, 118. 26
72,e87,ll)l.71
llEPonT OF RECONSTRUCTION FINANCE CORPORATION
29
'1'~~~1'lumber of authorizatiom and borrowers, to which authorizatiom were
1111d ~'!'O'lt a.mount of authorizatiom, withdrawal& or cancelations, disbursements,
,J!ate1t___::~ \out&tanding, from Feb. S, 19SS, to Mar. SJ, 1998, inclusive, by
"'Ontinued
LoANS TO INDUl!ft.UL OB COJUll:BCIAL BUSINJ:88
[1J
Oder sec. 6d of the Reconstruction Finance Corporation Act, as amended]
.l
s~i.i
Num•
ber of
author•
lza•
tions
Num•
with•
berof Amount author• Amount
drawn or
!zed
bor·
canceled
rowers
~ ---~~ballla.
32
29
Ai1
•••••··•····
A /Ona..............
36
33
r
l
l
IIJ)sas ••••••••• •••
Cslitonia ...••• , •.. ••
Colr,rado ..•.•..••....
ConP-eclicut. •. ••....
De9.....,are .........•..
Distrjct or Columbia.
• )
~=\:t\:
~ ~::::::::::::::
"K.en.t~cky .•••• •••••.
"Lomsiana. ..•••.•••••
Maine .... ......... ..
Maryland ...........
Massachusetts
. ••.•..
J'
Michigan ...•••••••..
.JI
Minnesota ..•••.•.•..
MfssissippL ..•.....
M:issourL .••..•..•.••
Montana ............
Nebraska . ...........
Nevada. - ........ .. ..
New Haz:npshire...•.
New Jersey..........
N ew Me.x:ico. ....... .
N ew ¥or.Ji: ........ ...
N orth O-.rolina .••••.
N orth DE31kota . ... •..
0 hlo. ___ _ ..••..... . ..
0 lclaho~. --······· ·
0 regon __ .•........ ..
Pennsylvania........
Rhode Island_ .•.••..
South Carolina ..••••
South Dakota •••.•..
Tennessee .. - ........
u:
~ i:":~--= :::::::::
V
V.
w ashingtoQ.- -········
.west Vir~ ; · · · · · · ·
w isconsin. _ -········
w )'Oming ____ . •.••.••
.... _____ -········
AlllSk.
, h erto R\oo_ ........
$844, 950. 00
23
22
1
1
11
l
1
11
2, 300, 000. 00
554,500.00
3, 372, 000. 00
312,500.00
278,000.00
1,565,875. 00
3, 635, 936. 77
581,900.00
11, 905, 268. 65
2,771,000, 00
1, 279, 000. 00
669,354.94
1, 392, 500. 00
321,300.00
141,650.00
2, 666, 671. 67
6, 277, 850. 00
6, 564, 366. 07
592,600.00
587,180. 00
5, 817,950. 00
145,500. 00
383,910.69
95,121.93
810, 000.00
14,942,433.27
120,000. 00
17, 765, 592. 60
3, 144, 107. 14
592,000.00
9, 177, 683. 34
186, 500.00
3, 726, 150. 00
17, 651, 734. 00
2, 567, 000. 00
1, 200, 300. 00
22,750.00
3, 237, 500, 00
1, 139, 700. 00
525,645, 32
272,000, 00
1, 442, 000. 00
3, 739, 420. l 6
I, 007, 645. 45
2, 276, 800. 00
7,500. 00
11,000. 00
169, 500. 00
2, 168
1,877
145, 755, 391. 10
23
11
30
3
12
84
114
16
118
51
22
33
24
13
7
41
120
69
21
18
79
11
ZI
2
3
117
3
360
42
8
117
8
44
162
14
15
8
38
49
11
7
25
60
23
-Total.-········
18
8
24
3
9
77
94
14
103
47
20
32
23
12
7
35
106
66
21
18
69
10
23
2
3
93
l
302
39
7
98
7
38
127
11
13
8
34
46
8
5
22
56
20
$291, 250. 00
$397, 700, 00
65,000.00
157, 500. 00
600,464.00
356,500.00
960,000.00
12,500.00
41,500.00
189,931.00
1, 523, 9!!9. 02
35,849.00
3, 493, 969. 48
651,000.22
427,500.00
112,750.00
614,000.00
138,500. 00
111, 650.00
1, 106,713.67
2,32 1,238.58
1,476,382.63
343,500.00
407,680. 00
1,113,305.56
16,500.00
128,600.00
24,124.14
115,000. 00
0, 855, 200. 00
95,000. 00
6, 643, 890. 57
932,500. 72
11,000.00
2, 252, 702. 00
83,000.00
599,150.67
6, 368, 404. 48
291,000.00
675, 123.03
8,050.00
532,002. 86
616,384. 65
101,500. 00
98, 600, 50
659,009.26
1, 100, 226. II
496, 499. 50
1, 457, 500. 00
4, 500, 200. 00
65,000, 00
4, 808, 544. JO
Amount dis·
bursed
---------------11 , 000.00
12,000. 00
46, 768,631.65
1, 669, 536. 00
193,000.00
2, 372, 000. 00
300,000. 00
86,500.00
1, 288, 044. 00
2, 073, 266, 05
536,608.81
7, 160, 076. 33
1, 753, 182. 28
791,500.00
499,604.94
715,500.00
182,800. 00
30,000.00
1, 559, 958. 00
3, 840, 228. 52
4, 973, 849. 98
249, 100.00
176, 575. 00
3, 759,724.91
120,000. 00
244,810.69
70,997.79
695, 000.00
7, 935, 233. 27
25,000.00
9, 977, 802. 03
2, lCYl, 613. 92
439,678.60
6, 031, 592. 59
103,500.00
2,856, 101. 14
10, 34 7, 893. 80
2,261,000.00
525,176.97
14,700.00
2,655,997. 97
523, 315.35
424, 145.32
173,309.50
599,400. 74
2,681,975. 66
511 , 145. 95
819, 300.00
7,500, 00
-----------------142, 500. 00
91,458, 736. 11
Amount"out•
st anding ·as of
Mar -~l, 1938 •
$330, 419, 64
45, GOO. 00
3, 983, 134. 81
1, 146, CYl6. 00
140, 650. 00
1, 570, 863. 81
--------------60,475.00
887,569.05
1, 044, 479. 0(
421,860. 10
5, 738, 235. 25
1, 493, 363. 27
514,538. 72
310,473. 79
522, 019. 71
115,431.61
24,000. 00
1, 333, 546. 00
2, 715, 766. 09
3, 459, 782. 48
67, 850.00
93,022. 17
2, 316, 317. 31
49,425.36
129,651.88
--------------680,610. 96
6, 714, 796. 17
12,000. 00
7, 306, 188. 83
1, 486, 227. 94
418,528. 92
4, 269, 278. 79
34,244. 33
1,742,097. 16
8, 303, 615. 54
1, 988, 158. 27
125,802.93
6,230. 23
2, 264, 491. 71
305,620. 71
376,409.25
120, 133.89
200, 132.20
1, 774, 141. 96
384,829.66
633,822.37
7,500.00
94,100. 00
67,662,961. 81
Beelootnotee at 111d oUable.
Digitized by
Google
30
REPORT OF RECONSTRUCTION FINANCE CORPORATIO~
4.-Number of authorization, and borrower,, to which authorizatiom wm
made; and amount of authorizations, withdrawals or cancelatiom, disburse1M11U,
and amount outstanding, from Feb. 2, 1932, to Mar. 31, 1938, inclusivt, by
States 1-Continued
TABLE
PURCHASES OF PARTICIPATIONS IN LOANS TO INl>UBTBIAL OR COKJlERCIAL BUSINJ:88
[Under sec. 5d of the Rooonstructlon Finance Corporation Act, as amended)
~e~~i Numth
author- ber ol Amount author- A = ~';;:, •
izaborcanceled
!zed
tions rowers
State
Alabama .............
Arizona ____________ __
Arkansas ... .........
California...... ..... .
Colorado........... ..
Connecticut. •.......
Florida ....... . ...•. •
Georgia ...........•..
Idaho ..............•.
Illiµois ........ . •.•.•.
Indiana ..•..... .....•
Iowa .....•..•...... ..
Kansas .....•...... ..
Kentucky ...........
Louisiana ............
Maine ...............
Maryland.·-·-·•··•·
Massachusetts ..•.•..
Michigan ............
Minnesota . ..........
Mississippi. •. ..•. ...
Missouri_ ____________
Montana ......... . ..
Nebraska ............
New Hampshire.. ..•
New Jersey ..........
New Mexico .........
New York . . ..... .. ..
North Carolina ......
North Dakota .......
Ohio..... ..... ..•.•. •
Oregon . ... ... .......
Pennsylvania .... ....
Rhode Island ........
South Dakota .•...•.
Tennessee ...........
~f,:'g'fnia:~: ::: :::::::
Wasbin~ton .. .......
West Virginia ........
Wisconsin ..•...•....
Total. ...... ...
6
5
12
1
4
4
1
1
18
1
24
7
1
19
13
24
3
2
6
2
4
10
4
5
$215,833.33
150,000.00
122,200.00
187,500. 00
45,000.00
288,500.00
44,250.00
849,350.00
12,700.00
296,500.00
132,900.00
12,000. 00
303,333.33
575,000.00
54,500. 00
70,000.00
546. 000. 00
449,200.00
335,000.00
263,260.00
10,000.00
69,050.00
103,742.50
93,750. 00
Q.,.
00
792, JOO. 00
100,000.00
762,000.00
530,000.00
960.00
l, 013, 500. 00
I, 450, 500. 00
1, 886, 300. 00
704,000.00
40,850.00
656,300.00
17,500.00
25,600.00
303,500.00
222,500.00
286,750.00
279
255
14,116,929. 16
6
1
4
1
2
6
2
21
3
6
7
1
8
5
2
1
3
II
5
14
l
4
6
1
2
21
1
26
7
l
20
16
25
3
2
6
2
4
11
5
(10)
6
1
4
2
6
1
20
2
6
7
1
7
4
2
1
3
11
Amount disbursed
$34,500.00
$181, 333. 33
$l6i,20!.llll
52,166.67
187,500.00
8,333. 80
168,500.00
44,250.00
203,550.00
6,700.00
174,500.00
22,500.00
12,000. 00
81,500.00
266,666.67
4,500.00
70,033.33
67, 153.:11
16,666.20
120, 000. 00
6,632.111
115,200.
592,800.00
6,000.00
103,250.00
90,400.00
221,833.~
308,333.33
50,000.00
70,000.00
636,000.00
89,677. &4
140, 000.00
193,650.00
---------------10,000.00
351,622.16
120,000.00
64,610.00
10,000.00
8,000.00
50,492.50
93. 750. 00
20,000. OQ
288,350.00
ooo.
Amount out•
standing as ol
Mar.31,111.18 1
-----------------61,050.00
63,250.00
-----------·-·
296,338.09
5, z.;o.oo
103, 2.',0. 00
83,000.
------------···
101,235.
·ns,rn.
4S, 000.0I
36,000.
67,128. lt
104,271.35
74,887.20
46,562.ol
31,150.
---- ---- ---------- ------------···
463,750.00
JOO, 000. 00
306,193.62
374, 000. 00
960.00
552,000. 00
592,000.00
865,450.00
700, 000.00
5,850.00
525,600.00
5,000.00
---- -----------455,806.38
156,000.00
-- ----385,500.00
---------855,500.00
613,000. 00
4,000. 00
35,000.00
130,800.00
------------ --25,600.00
198,750.00
155,250.00
83,050.97
88,750.00
67,250.00
203, 699.03
5, 382, 249. 15
7,754,580. Ol
AGBBIU(ENTS TO PURCHASE PABTICIPATIONe IN LOANS TO INDUSTRIAL
oa
264,331.tl
l,ffi:~
192,381
m,oeu:
SOl.85
488,390.11;
457, iCII
741,254.35
549,333.11
5,l~~
309,0IIO. •
2, i.U
6(,210.31.
52,312.il
9,313.U
IS
4, 93,
COKKEBCIAL Bu81NDS
[Under seo. 6d of the Reconstruction Finance Corporation Act, as amended]
Alabama ..•.....•.•••
4
Arkansas ••..........
2
Calllornia..•....••.••
3
Connecticut. •..•....
3
Georgia ..•.••.....•..
10
2
Illinois .•••••.....•...
Indiana••.....•.•..•.
1
Kansas ...•...•......
I
Kentucky .......••..
7
Massachusetts ..... . .
5
Michigan .........•..
3
Minnesota .........•.
7
Missouri.. . ......... .
5
Montana ..... ... ... .
l
Nebraska . ....•.•....
1
New Jersey .......•..
3
New York ..•....•...
15
North Carolina •.•...
4
North Dakota .•••..•
1
Ohio •••.• .... .•.•...•
12
See footnotes at end of table.
4
2
3
3
JO
2
1
1
7
5
3
7
5
1
1
3
14
4
1
9
$89,200.00
125,000.00
324,000.00
42,000. 00
408,266.66
21, (1()(), 00
8,000.00
8,000.00
513,500.00
83, 800.00
842,500.00
122,700.00
314, 400.00
45,000.00
60.000. 00
59,900. 00
1,094,700.00
275,000.00
600.00
747,233.33
Digitized by
$57,200.00
125,000. 00
51,678.04
29,472.32
3&1,916. 66
21,000.00
8,000.00
8,000.00
320,321.43
80,600.00
242,500.00
108,084. 09
291,600.00
10,125. 00
4,700. 00
853,900.00
250,942.31
600.00
338, 612.14
Google
600. 00
I, 770.11
3, 750. 00
3, 200. 00
3, 7.!0- 00
1, 600.
$9,
10,520.00
7,
•
31
REPORT OF RECONSTRUCTION FINANCE CORPORATION
4.-Number of auth~rizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, disbursements,
and amount outstanding, from Feb. 2, 1932, to Mar. 31, 1938, inclusive, by
States 1-continued
TABLE
AORJ:ll10lNTS
TO PUIICBASJ: PARTICIPATIONS IN LOANS TO INDUSTRIAL OR COMMERCIAL BUSINES&---Con.
[Under sec. 5d of the Reconstruction Finance Corporation Act, as amendee]
State
Oklahoma •..•.•...•.
Oregon. •.••....•...••
Pennsylvani<\.••••••.
South Carolina ••••..
Tennessee .••...•..••
Texa.s.••......•..••..
Vermont •••.•....•••.
Virginia.•.....•.•.••.
Washington ....••.•..
W!!5tV~nia•.••••..
b'e~r
Num•
author- ber of Amount author• Amount with•
lza•
bor•
!zed
~~:J~
t!oils rowen
:~:i~~~===::::::::
1
1
7
4
9
2
1
1
15
2
3
1
1
1
6
3
8
2
1
1
11
2
3
1
$100,000. 00
38,250.00
373,800.00
1, 530, 250. 00
658,868.74
12,625.00
27,500.00
93,500.00
642,500.00
42, :.00. 00
46,000.00
200,000.00
$5,000.00
38,250.00
192, 720. 00
42,222.22
116,984.91
12,625.00
27,500.00
93,500.00
309,559.16
15,685.71
26,000.00
200,000.00
Total ••••••.•••
137
126
8, 850, 293. 73
4,247,388.911
Amount dis·
bursed
Amount out•
standing as of
Mar. 31, 1938 •
$31, 875. 00
$30, 625. 00
20,000.00
10,987.65
176,802.14
131,016. 79
TOT.~L, SEC. 5e OF THE RECONSTRUCTION FINANCE CORPORATION ACT, AS
AMENDED
[Loans on the assets of closed banks and trust companies]
Cali101nia ..•..••....•
Colorado ..•. .........
Florida .........••..•
Illinois ...•... .... . •..
lodiana •....• •..•.•..
Iowa ..•.......... .. ..
Kansas ............. .
Michigan . ..... •.•.••
Minnesota ....... ....
Missouri.. . ..........
Nebraska ............
revada __ ____________
New York . ... . . . ....
North Carolina •... ..
North Dakota.......
Oklshoma ....... ....
Pennsylvania .. ......
South Carolina .... .•
South Dakota ..... ..
Texas......... .....•.
Wisconsin ....•......
Total .. ........
3
2
l
2
1
9
2
40
JO
1
19
1
2
2
32
1
2
1
25
12
4
3
2
1
2
1
9
2
38
JO
1
19
1
2
2
32
1
2
1
25
12
4
$35,901.55
10,050.20
1,100.00
680,585.03
26,600.00
105,002. 20
24,500.00
13, 739, 640. 55
139,847.1 3
14,500.00
253,951. 84
6,000.00
16,922. 72
15,005.00
563,593.98
8. 800. 00
268,000. 00
I, 450,000. 00
317,674.86
194,053.11
101,721.08
172
170
17,973,440.25
----
.
$35,392.87
7,238.20
1,100.00
601,535.36
22,500.00
75,455. 41
13,392.07
11, 858, 510. 64
93,001.60
14,500. 00
187,529.32
$508. 68
2,812.00
--------------76, 049.67
4,100.00
29,546. 79
11,107.93
530,851.44
46,845.53
----- ------ ---45,238. 13
6,000.00
2,691.22
--- --------------14,231. 50
$10,146. 52
------- ------946. 39
2,560.04,
-- --- --------24,446. 31
3,063. 63
1, 127, 122. 77
34,815. 73
6,693.29
173,479.96
427. 51
2,955.50
136,935.82
34,583.99
92, 179. 79
86,146.93
15,005.00
523,795.86
8,372.49
265,044.50
I, 313,064. 18
190,335.52
101,873.32
15,574. 15
JO, 704. 86
10,862.04
360,526.82
3,071.37
250,000.00
1, 161, 401. 74
12•1, 782. 89
44. 698. 18
7,006.17
1, 148,779.05
15, 360, 45 l. 99
3, 356, 328. 71
------ 39,798.
---------12
LOANS ON SELF·LIQUJDATINO PR01ECTB
[Under sec. 201 (a), title II,· of the Emercency Relief and Construction Act of 1932, as amended)
Alabama•.•....•.....
.\rizona.•............
Arkansas ..•.........
California .•...•.....
Colorado..•....•.....
Connecticut •••......
Florida .......•...•..
i~~!'
.~::~:::: :::::::
Illinois •...........•••
Indiana.........•••.•
Iowa .......... ·---···
Kansas .......•.•••••
~DJ~cky
...••••.•••
ms1ana _____________
Maryland_·-··-----·
Michigan_ ___________
6
4
JO
13
5
1
7
2
1
7
4
1
3
16
4
1
3
6
3
10
8
5
1
7
2
1
7
4
1
3
H
4
1
3
$224, 000. 00
1, 578, 500. 00
1,463, 851. 92
310, 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
9,700.00
826,000.00
1, 519, 624. 00
16,063,000. 00
59,850.00
718,841.47
$149, 500. 00
13,500.00
515,000.00
6,097,000.00
572,430.00
100,000.00
930,000.00
19,000.00
---------------4, 756, 250. 00
773,000.00
9,700.00
---------------514,624.00
1, 789, 777. 20
---------------75,000.00
$74,500.00
1,400, 000. 00
948,851.92
230, 625, 962. 26
1, 429, 803. 79
$71,000. 00
1,340,000. 00
623,002.88
204, 482, 762. 26
878,500.00
22,000.00
60,000.00
3,074,473.00
60,000.00
7,000.00
60,000. 00
134,500. 00
53,000. 00
820,000.00
998,000.00
14,273, 222.-88
59,850;00
643,841.47
--------------34,101.
-------------------------------714,930.78
540,000.00
755,000. 00
329,000. 00
Digitized by
68
62&,2'2.l 7
See footnotes at end of table.
79977-38-3
Google
32
REPORT OF RECONSTRUCTION FIN.A.NOE CORPORATION
4.-Number of authorization., and borrower,, to which a~zatiom wre
made; and amount of authorizations, withdrawal, or cancelations, dubursemetll8,
and amount outstanding, from Feb. 2, 193$, to Mar. 81, 1998, induaive, by
States 1-Continucd
,
TABLE
LoAN8 ON Sur-LIQUIDATING P&0IIICT-Oontinued
Num•
berof NtlJll• Amount author•
author- berof
bor•
!zed
iza• rowers
tions
State
Amount with•
drawn or
canceled
Amount disburiled
Amonntont-
standfng as of
Mar. 31, 1938 •
-M lnnesota•••.••••••.
~:O~Y~~~~::::::::
Montana •..•••••••••
Nebraska..•.••.•••••
New Hampshire •••••
New Jersey ..••••••••
New Mexico •••••••••
New York ••.•.•••••.
North Carolina .••••.
Ohio •..••••••••••••••
Oklahoma •..•.••••..
Oregon ..•.•...•.••..
Pennsylvania........
South Carolina......
South Dakota ••.•.••
Te:ras ...•••.•..•.....
Utah .•.••...••..•...
Virginia ......•...••.
Washington .........
West Virginia ..•....
Wisconsin ...........
Wyoming ....•.......
Puerto Rico ..••.....
Total.. •••••••.
l
2
3
2
2
l
5
6
10
8
10
2
2
4
3
l
21
2
1
20
8
2
1
l
l
1
8
2
1
1
I
1
$575, 000. 00
325,000.00
996,140.00
207,000.00
75,000.00
250, 000. 00
3, 361, 004. 37
6, 279, 600. 00
27, 218, 000. 00
1, 120, 473. 20
628,800.00
299,982.81
734,625.00
315,000.00
230,500.00
105,000.00
4, 278, 662. 85
737,300.00
2, 110, 225. 80
3, 026, 318. 37
3,000.00
40,000.00
125,000.00
1, 300, 000. 00
191
176
399, 967, 487. 36
n
--
l
2
3
2
2
l
4
4
9
8
9
2
2
4
n
$575, 000. 00
50,000.00
95', 140. 00
27,000.00
60,000.00
85,904.37
309,000.00
5, 103, 000. 00
592,473.20
175,300.00
10,000.00
215,000.00
81,000.00
105,000.00
3, 185, 650. 00
885,300.00
131,376.00
2,476, 318. 37
3,000.00
$2'75, 000. 00
42,000.00
180, 000. 00
15,000.00
250,000.00
8, 276, 000. 00
5, 386, 600. 00
21, 862, 000. 00
528,000.00
125,000.00
31, 264, 243. 14
348,000.00
5,269,500.00
13, 045. 400. 00
38(, 000.00
453,500.00
147,000.00
25,234.IM
724,157.50
299,982.81
724,625.00
100,000.00
14'1, 500. 00
119, 540:81
1, 093, 012. 85
52;000. 00
1, 978, 849. 80
550,000.00
40,000.00
----------------
$125,000.00
40, 000.IIO
160,000.00
H,000.00
451,800.00
16,500.00
184.143. 'II
---------- -----
2,000.00
1, 300, 000; 00
-----------------------------
293, 760, 506. 48
230, 992, 3!K. 74
LoANS FOR FINA!ICDI0 REPAIR or D.UUGE BY EA&TBQUAKB, FIRE, TORNADO, OR CYCLONE IN l!W
[Under sec. 201 (a) (6), title II, of tbe Emergency Relief and Construction Act of 1932, as amended)
California ••••..•.•...
Kan.sas .••••......•..
Louisiana •..••.•.....
Maine ..•........••..
Tennessee ••.•.•••••.
6
1
1
4
1
1
1
1
2
1
$7, 500, 000. 00
$639.00
886,527.32
43,200.00
990,627.04
130. 74
$7, 499, 361. 00
1, 000, 232. 20
200,000.00
1, 650,000.00
100,000.00
$3, 348, 866. 29
113,704.88
156,800.00
659,372.96
99,869.26
104,474.88
107, 4Q6.12
517,312.27
99,869.ll6
Total ••..••••••
13
6
10, 450, 232. 20
1, 921, 124. 10
8, 529, 108. 10
4, 178,017.82
LoANS J'O& FINANCING or AGRICULTURAL O0KKODITIJ:B AND LIVESTOCK
[Under sec. 201 (d), title II, of the Emergency Relief and Construction Act of 1932]
Alabama ..........•.
A r kansas . .. .... .• •.•
Cal 'fornia .... ....... .
Colorado ...•....... .
Delaware ............
Flor'da .. .......... . .
Oeor ~ia . •...... ....• .
rn ·nois ....... . ..... ..
Ind iana ••... .... .. ...
K entucky •.. . . . . ....
Louisiana ____ ________
Maine ...... .... . . ..•
Maryland .•. ........
Massachusetts ... ... .
Michigan .. ..........
Mississippi.. ... . ....
Missouri.. ..........•
Montnna .•.. . . . . ....
New Jersey ...••...••
New York . ....•.•• • •
North Carolina . •... •
North D akota ...••.•
Ohio .•..•..•.•.••• •••
1
5
21
1
2
7
1
I
6
12
11
1
5
2
10
2
5
1
4
8
4
I
5
1
5
16
1
1
2
1
1
3
4
10
1
2
2
7
2
5
I
2
6
I
I
3
$150,000.00
725,000. 00
5,063,750.00
500. 000. 00
100,000. 00
3Q3, 377. 32
15,000. 00
10, 500.00
757, 111.54
5,561,511.97
50, 495, 000. 00
35,000.00
575,000. 00
350,000.00
570. 000. 00
60,750.00
104,000. 00
2, 500. 00
28.5,000. 00
I , 700, 269. 65
120,000. 00
6,000.00
1, 035, 000. 00
---------------------$19, 836 26
-------------------------- ---.------------------ --------------------------2,000.00
-----------460,21 1. 94
-----------72,447. 66
3, 127, 589. 16
50, 452, 250. 00
-- ---------35, 000.00 ------------- ----- -----------$150,000.00
603,219.30
2, 46Q, 560. 87
374,950.00
99, 100. 00
200,000. 00
138,603. 71
442, 402.80
60,750.00
8,000. 00
615. 00
11, 432.03
1,099, ~4.J7
20,035.21
1,080. 00
400, 217. 72
- - $1"2T;780. 70
2, 594, 189. 13
125, 050.00
900.00
393,377.32
15, 000.00
8,500. 00
296,899.60
2, 373, 922. 81
42,750.00
375,000.00
211,396.29
127,597.20
------------
96,000.00
oo
1, 885._
,273, 567. 97
600, 925. 48
99, 964. 79
4,920.00
504 782. 28
-- ---------·
-- ------------------------------------ - --- -- . 00
See footnotes at end of table.
Digitized by
Google
5,098. 50
44,850.00
344,820
33
REPORT OF RECONSTRUCTION FINAKCE CORPORATION
-4.-Number of authorizations and borrowers, to which authorizatiom-wertJ
inade; and amount of authorizatiom, withdrawalB or cancelatiom, diabursementa,
and amount outstanding, from Feb. :e, 193:e, to Mar. SJ, 1938, incluaive, by
State, L-Continued
·TABLII
LoANB FOB FI_NANCINO OJ' AoBICULTUBAL COIIHODITJll:S AND LJVll:STOCI-Contlnued
Num•
berof
authoriza.
tloDS
State
(mgou ••••.....• ••••
Peuusylvania .••.••••
Teuuest!OO . •. •.••••••
~nia ..•.•..•••• ••
Washln,tou .. •.•• •••
West Virginia ..•.•• •
Wiscousin . . .••• •••••
Puerto Rico . ...•. ..•
Total. •.•..••••
Loans lo Commodity
Credit Corpora·
lion• ..• ..•.•..••••
Grand total•.••
Numwith•
berof Amount author- Amount
drawn or
!zed
borcanceled
rowen
uoo.
Amount disbursed
Amountout•
standing• a& ot
Mar. 31, 11138}
2
7
2
--
6
1
4
1
$350,
00
318,500. 00
12, 610, 723. 25
219, Ml.OO
868. 6:U. 91
33S,C30.00
175, 000. 00
. I, 671,313. -14
1, 000, 000. 00
159
105
86,061,513.08
-28
1
1,604, 712, 664. 99
566, 678, 346. 46
760, 115, 407. 45
9,,, 048, 978. 91
187
106
1, 600, 774, 178. 07
633,045, 367. 76
779, 619, 899. 23
95, 973, 006. 95
4
2
4
2
3
8
6
4
6
6
4
145, 724.80
175, 000. 00
95,750. 00
637,746. 53
1,475,663.44
362,254.47
-------------------------------------------
66,367,021. 30
19, 604, 491. 78
924,028. 04
603, 730. 'n
AIIO'UNTS MADI: AVAILABLE FOR
$154,179.29
290,437.76
$195, 820. 71
28,062. 24
4, 308, 825. 84
20, 000. 00
R11:uu
8, 301, 897. 41
199,551.00
264,894. 64
187,305.20
$180, 000. 00
H,400.()()
142,575.62'
100,000. ()()
AND WORK RBU:11'
[Under i,ec. 1, title I, of the Emergency Reller and Construction Act or 1932, as amended]
Alabama ••••••••••••
14
~k.ansas ... ..•.•....
7
7
9
-1.ri~na..••...•.•....
...,altforma.. ........ .. .
.olorado •.•••. - ••.•.•
Florida ••.•.•.•.••.••
Jeorgla..••... ...••..
6
20
5
13
15
:aiiis.............. .
·owa_. _________ --- ---
10
[an!as .•••••••••••••
7
l:entucky .••.•..•...
Louisiana...• ..•.••••
!!line .•...•..••....•
!aryland ....•.••.••
\!lcblgan ...••...•..•
\!innesota ....•.••...
!lssissiJ,1pi.. ••.•••..
l!issourt.. ......•••••
\!ontana .....•...•..
•evada.......• ...•..
,ew Ram pshire ..•.•
9
6
6
2
30
8
8
rexss •....•••.•.••••
/tab •..••••....•..••
Firginla•....... • ....
Vashington ....•...•
Vest Virginia ..•....
flsconsln ...•.•.....
Iawali. . .•...•.•.••.
'uerto Rico ....••.••
a
Total..........
.
l
I
l
l
l
44
300, 000. 000. 00
l
1
l
l
1
16
21
10
...~ew Iers~Y---------1ew Mexico ........•
, ,ewYork .......... .
forth Carolina ••....
forth Dakota .•••...
lhlo ......••••••••..•
lklahoma .•••••••...
.lregon ... ...••.. .. .•
'ennsylvanla ...••.••
!bode Island ••.••.•.
loutb Carolina ..... .
louth Dakota .....••
ennessee ...•.•..•..
l
l
1
l
l
1
l
l
l
l
1
I
l
1
l
8
~nd!ana....•..••.•...
$4,211,688. 00
I, 448, 269. 00
4, 833, 907. 00
JO. 081, 631. 00
3, 832, 990. 00
3,886,512.00
1,745, 692.00
1, 026,566. 00
55, 443, 721.00
5,179,931.00
2, 151, 430. 00
2, 502, 934. 00
6,728,987.00
8. 200, 127. 00
252. 895. 00
176, 3~0. 00
21,80 ,109.00
2,581, 787.00
4,058,919. 00
4,616,789.00
2,368, 285.00
262. 632. 00
1, 366, 603. 00
2,009,291.00
387, 903. 00
26, 600. 000. 00
5, 950. 000. 00
592, 768. 00
19, 272. 205. 00
4, 570, 597. 00
2, 798, 290. 00
34, 929,875.00
I, 123, 500. 00
4. 575. 270. 00
1,803,945. 00
3. 37 5, 352. 00
7, 952, 292. 00
2, 923, 439. 00
3, 495, 304. 00
5,977,430.00
9,655, 218.00
12, 395, 362. 00
394, 935. 00
360, 000. 00
l
l
l
l
5
5
5
11
37
5
16
l
l
1
I
1
1
~
l
1
l
l
7
l
6
13
13
1
l
l
9
1
I
20
18
15
5
2
l
442
$4, 211, 688. 00
I, 448,269.00
4,.833, 967. 00
JO. 081. 631. 00
3, 832, 990. 00
3,886,512.00
1,745,692.00
1, 026, 566. 00
55, 443, 721. 00
$15,000.00
1.00
5,179,931.00
2, 151 , 430.00
2,592,934.00
6,728,987.00
8,200, 127. 00
252,895.00
176,380.00
21,808,199.00
2,581,787.00
4, o.,s, 919. 00
4, 616, 789. 00
2, 368, 285. 00
'.!62, 632. 00
1, 366, 003. 00
2,009,291. 00
387,903.00
26, 600, 000. 00
5. 050, 000. 00
592,768.00
19, 257, 20;;. 00
4,570,597. 00
2, 798, 290. 00
34, 929, 875. 00
I, 12~. 000. 00
4, 57 5, 270. 00
1,803, 945. 00
3,375,352.00
7,052, 1191.00
2, 02.1, 430. 00
3, 495, 304. 00
5,977,430.00
9, 655, 218. 00
12,395,362.00
394, 93,. 00
360,000.00
- --1-- - - - --1------1------- - - - - 15, 001. 00
I 200, 984, 999. 00
' See locMnotee at end or table.
Digitized by
Google
('}
TABLE
4.-Numbers of authorizations and borrowers, to which authorizations were made; and amount of authorizatio11,8, withdrawals or cancelations, disbursements, and amount outstanding, from Feb. 2, 1932, to Mar. 31, 1938, inclusive, by States 1-Continued
~
~
TOTAL, ACT APPROVED MAR. 9, 1933, AS AMENDED
~
[Loans on and subscriptions for preferred stock, and purchases of capital notes or debentures, of banks and trust companies]
~
I
Net num- Amount author•
Amount with•
Amount outLess
Number Number
drawn or
of author- of bor- duplicaAmount disbursed standing as of
ber of
!zed
canceled
izations rowers
Mar. 31, 1938 •
tions 11 borrowers
------------------1---1---1---1---1------11------t-------1-----,-Alabama _________________________________________________ _
97
$15, 853, 575. 00
$9,427, 966. 38
84
77
$16, 143, 200. 00
$289, 625. 00
Arizona______________________________ . ____________________ _
25,000.00
2, 455, 000. 00
2, 430, 000. 00
1, 252, 562. 39
6
6
6
State
~~~::a_~~::::::::::::::::::::::::::::::::-::-------=---Colotado ________________ - --- - ---- -- --- -- -- --- -- -- --- -- -- --
______________ --- -------- -- ----- Conl)ecticut
Delaware _________________________________________________
_
Dist~ict of Columbia ______ . ________ ----.------------------ Florida ____ _
Oeorgia____ _
mr:~s_::::::::::::::::::::::::::::::::::::::::::::::::::::
Indiana________________ ---- __ -_-- __ -- -- -- ----- ----- --- - --- -
Iowa ________________________________________ _-------------Kansas. __________________________________________________ _
0
cg:N.
e~~~~~-------------------------------------------------Maine ____________________________________________________ _
Maryland ------------------------------------------------Massachusetts __________________ . ___ . -- ----- --- ----. -- . - -- -
(1)
Q_
~
CJ
0
~
~
gji;l~==-------------------------------------------===
~.3,"J;'b,_::::::::::::::::::
::::::::::::::::::::::::::::::
Nevada ___ ._. __ . -- -- --- ----- - -- -- - -c _-- ---- -- -- --- ---- - -- --
New Hampshire __________________________________________ _
New Jersey ______________________ . _______________ -------. __
New Mexico _____________ _________________________________ _
New ;York _________ . ____ -- · . --- --·· ----------------. ______ _
North Carolina ___________________________________________ _
North Dakota ____________________________________________ _
Ohio, __ ' __________________ _
Oklahoma ________________ _
Oregon. __ . ______________ ._. __ . __ ._ .... ____ -- .. --- --- ------
Pennsylvania. ______________________________________ _______ _
139
151
63
87
15
133
140
59
43
14
9
8
63
101
35
259
346
156
232
144
205
46
78
52
96
29
249
307
152
221
135
201
45
70
76
94
223
316
289
282
76
784
206
289
288
253
75
201
4
4
15
344
25
678
148
153
459
81
61
15
275
22
590
142
141
436
57
450
56
386
i-1
II
81
4
2
2
8
129
1
15
41
29
63
1
1
2
6
11
127
137
59
42
14
8
45
95
28
247
307
151
221
135
120
41
68
76
204
281
159
252
60
160
4
15
246
22
527
141
140
434
51
56
375
5, 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
93, 779, 500. 00
18, 664, 250. 00
12, 625, 500. 00
6, 049, 250. 00
11, 182, 500. 00
16, 607, 000. 00
11,173,000.00
11, 138, 130. 00
20,031,000.00
43, 935, 100. 00
18, 063, 125. 00
15, 368, 150. 00
25, 694, 500. 00
4, 117, 500. 00
9, 424, 400. 00
205,000.00
1, 363, 000. 00
87, 735, 300. 00
1, 077, 500. 00
390, 405, 400. 00
8, 182, 500. 00
4, 504, 500. 00
100, 455, 764. 00
11, 291, 000. 00
2, 300, 000. 00
56, 246, 850. 00
946,500.00
9, 870, 645. 00
146,500.00
1,417,674.00
2,112,700.00
2, 300, 000. 00
131,000.00
1, 062, 000. 00
205,000.00
3, 048, 385. 83
1, 873, 000. 00
2, 377, 500. 00
776,500.00
2, 302, 650. 00
1, 060, 000. 00
2, 047, 500. 00
1, -959, 960. 00
3, 356, 800. 00
3, 239, 839. 00
701,100.00
1, 055, 000. 00
4, 893, 375. 00
87,000.00
970,250.00
-----------------611,365.00
9, 513, 283. 93
364,500.00
74, 296, 310. 84
694,000.00
490,000.00
7, 133, 527. 00
357,000.00
350,000.00
10, 261, 753. 60
4, 419, 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
90,731,114. 17
16,741,250.00
10, 248, 000. 00
5, 272, 750. 00
8, 879, 850. 00
15,512,000. 00
9, 125, 500. 00
9, 078, 170. 00
16, 674, 200. 00
40,624,661.00
17,322,025. 00
14, 313, 150. 00
20, 801, 125. 00
4, 030, 500. 00
8, 440, 150. 00
~5,000.00
751,635.00
74,722,016. 07
715,000.00
315, 284, 089. 16
7, 463, 500. 00
4,014,500.00
92, 322, 237. 00
10, 934, 000. 00
I, 950J 000. 00
4&, 995, 096. 150
3, 571, 767. 39
25,804,114.49
2, 949, 600. 00
6,144,991.21
317,300.00
2,207,800.00
1, 509, 482. 82
3, 187, 656. 56
1, 734, 700. 00
34, 715, 504. 22
11, 207,215.00
6, 034, 630. 00
3, 997, 549. 55
6, 632, 645. 00
7,847, 265. 00
6,459,171.19
7, 326, 652. 50
9, 625, 368. 00
31,194,519.61
8, 652, 944. 06
7, 548, 565. 87
7, 763, 935. 86
1, 551, 290. 00
4, 093, 705. 62
101,000.00
.238, 635. 00
64, 372, 091. 17
609,925.00
65, 751, 497. 16
5, 738, 638. 69
2,542,475.00
56, 457, 467. 88
2,1!29, 336. 00
I, 040, 950. 00
a6, 967, 1a2.
ea
0
~
~
0
'-;J
~
trJ
0
0
z
~
g
~
8
z
....'-;J
z
i
a
~
~
s
~
'·'···.- I
:0~°486!1r8oll!i-a::::::::::::::::::::::::::::::::::::::::::::
South Dokota_ - -------·--·-·----------- - --------------··-·
Tennessee_-- ---------- ---- -- ---------- ------ ---- --··--··-Texas. __ _____________ ___ • __ ___ . ____________________ ._. __._ _
Utah __ .-- - ----------------- ------------- ---- ------ -------·
Vermont_____________ ______ ____ __ __ ____ __ __________________
Virginia. _---- -- --- - --- - --- -- - --·- --··--- ·--- -- -- -- ·-·· ____
Washington __ ____ ____ ____________ _________ ________________
West Vlrginia ... - -----·---------··-·-··--·---·-·-····-···-Wisconsin ___ __ ____ __ ______ ____ __ ·--- ----- ----- --------··-Wyoming __ __ _··-- ------- ----·-··-·----·-·--·-·--···-··.·-·
Alaska.-- --- ----- -- ------- - ----··-·-·--·-·-···--· ·- ·-·-- ·- ·
Puerto Rico-- -- ---- -· ····-- -- - ·--·-·------·-·-·•-··-·-·--·
Virgin I slands___________________________ __ _____ _________ __
4g
143
138
465
44
61
176
114
105
526
31
1
4
3
4i ::::::::::
129
135
446
44
60
164
!JO
95
456
Tl
1
4
1
1
2
4
__________
--·-·· -- -1
----·-- ·- - - ·-·- ·· ··
2
2
_____ ____ _
1
·---· · ·---
- -8,575
- - ---- - -438TotaJ. _________ __ ____ __ ______ _______ ________ ······--·
7, 'J:12
Subscrip\ions for preferred stock of:
Export-ImportBanko[Wasbington•:·- ··--·-·-····-· ·
Second Export-Import Bank of W ashmgton, D. C. 1 • _ .
Grand total____________ _____________ ______ _________ __
See footnotes at end of table.
2
1
1 · --····--1 - - ·--·- ·· ·
- - - - --- - - - - 8,578
7, 'J:14
438
4i
128
133
442
44
60
163
110
95
454
25
1
3
1
6,834
1
1
6,836
~: iri: gg&: gg
~: g&g: gg
4, 622, 100. oo
84, ooo. 00
14, 221,550.00
1,662,500.00
36, 564, 750. 00
5, 190, 625. 00
4,310,000. 00
315, 000.00
15,795, 000. 00 - - --------------·12,763, 000.00
2, 068,350. 00
7, 496,500.00
1,432, 000.00
6,996,000.00
534,933.34
38, 075,000. 00
4, 727,900. 00
1,687,500.00
320,000.00
37,500.00 -----·-··--··---··
1,500,000. 00
250,000.00
251,000.00
126,000.00
I, 244, 'J:17, 689. 00
169,388, 052.44
20,000,000.00 · ··---···- · --·· --2,500,000.00 ··--··--------· · -I, 266,777,689. 00
169,388,052.44
2, ~~~: ~: gg
703,750.00
2, 001, 850. 00
4,438,100.00
12,559,050.00
31, 374, 125. 00
3,995,000.00
15,795, 000. 00
10,694,650. 00
6,064,500.00
6, 461,066.66
33,347,100.00
1,367,500. 00
37,500.00
1,250,000. 00
125,000.00
3, 009, 305. 29
10,843,675.00
20, 667, 256. 61
2,246,561.43
15, 'J:17, 775.,00
7, 073, 912. 00
2, 778, 440. 00
4, 046, 084. 97
25,143,416.17
909,768.56
I, 069, 230,036. 56
544,571,346. 78
450,000. 00
121,500. 00
20,000, 000.00
20,000,000.00
2,500,000. 00 · · - ·-- -- --------·I, 091, 730,036.56
564, 571, 346. 78
I
~
~
tr.l
a
~
~
0
....r-3
i
...."'.l
~
~
tr.l
0
cg:
N.
(1)
Q_
~
CJ
0
~
a
0
::0
~
::0
~
0
z
~
Ci,
~-
36
REPORT OF RECONSTRUCTION FINANCE CORPORATION
4.-Number of authorizations and borrowers, to which authorizationa tom
made; and amount of authorizations, withdrawals or cancelations, disbursement,,
and amount outstanding, from Feb. 2, 1992, to Mar. 91, 1938, inclmive, bu
States 1-Continued
TABLE
LOANS ON PREFERRED STOCK or BANKS AND TRUST COKPANIES
[Under the act approved Mar. 9, 1933, as amended]
State
Alabama _____ __ _________ _
Arizona ______ _______ __ ___ _
Arkansas ______________ --California ________________ _
Connecticut. ____________ _
Florida _________________ __
Georgia __________________ _
Idaho _______ __ ________ __ __
Illinois ___________________ _
Iowa _____________ __ ______ _
Kansas_----·- _________ ___
Maine ___________________ _
Maryland ____ ___________ _
Massachusetts ___________ _
~:~~jls~~a::::::::::::::::
~j~~~s~f_~'.:::::::::::::::
Montana ________________ _
Nebraska ____ __ _____ ___ __ _
New Jersey ___ ___________ _
New York ___ __ __________ _
North Carolina __________ _
North Dakota ______ _____ _
Ohio ___ __ ___ _____________ _
Oklahoma __ ___________ ___
Pennsylvania ____________ _
South Dakota ____ _______ _
Tenncssee _______________ _
Texas ____________________ _
~r:l:±1ri'
Wyoming.~i~:-:~========:
________________=_
Num- Num·
her of her of
bor-
t:~;izations rowers
Amount
authorized
7
2
5
4
1
4
3
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
1, 548, 000. 00
10,000.00
2,811,700. 00
4. 929, 050. 00
2,207,150.00
187,500.00
20, 000.00
2, 400.00
791,000.00
410,550.00
6,100.00
300,000.00
451, 2.'iO. 00
20,000.00
200,000.00
83,000.00
115,000.00
272
23, 274,755.00
19
1
9
1
7
7
12
42
15
2
1
1
1
2
4
5
12
5
1
7
1
1
1
1
2
4
1
3
2
2
22
1
1
1
689
73
88
8
1
1
1
106
29
42
3
3
3
1
1
6
2
28
56
6
2
Tota1_ _____________ • 1, 120
12
1
1
1
Amount with•
drawn or
canceled
$32,025.00
539,750.00
160,000.00
1,000. 00
3, 000. 00
47, 500. 00
5, 300. 00
1, 600. 00
------------ --1,548,000.00
------- - ------248, 700. 00
1, 702, 100. 00
227. 950. 00
12,500.00
------------------ - ------ --- 264, 500. 00
27, 100. 00
------------- -------------- - 300,000.00
5,000.00
-------------------------- - ---------------5,126,025.00
Amount
disbursed
Amount outstanding as of
Mar. 31, 19381
$3,148,575.00
$1,040,966.38
50,-000. 00
24. 962. 39
549,500.00
348,634. 89
2, 531, 300. 00
2, 304, 392. 82
149,800.00
14, 998.71
134,200.00
40,195.32
25,000.00 --- - ----------25, 000. 00
12,500. 00
10,212.55
50,000.00
25, 000. 00
24,971.57
' 525, 500. 00
508,076.19
30,630. 00
506, 000. 00
196, 708. Oil
432, 200. 00
316,718.61
174, 025. 00
149, 573. 16
22,650. 00
13,966.62
________________ --- -- ---------10,000.00
2,900. Oil
2, 563, 000. 00
701,405.62
3, 226, 950. 00
2, 455, 227. 55
1, 979, 200. 00
, 1, 406,667.83
175,000.00
19,653.69
20,000.00
19,900.00
2,400.00
2,272.88
526, 500. 00
14, 6ll. 00
383, 450. 00
247,074.29
6,100.00
4,430.29
300,000.00
95,000.00
151,250.00
111,1 95.77
15,000. 00
140,349.97
200,000.00
46,841.17
83,000.00
46,418.56
115,000.00
18, 148,730.00
10,308,325.83
SUBSCRIPTIONS roR PRErERBED STOCK or BANKS AND TRUST COKPANIES
[Under the act approved Mar. 9, 1933, 88 amended]
78
..Alabama_.-----·-··--·-·.
..Arizona___ --·---------- ___
4
132
ArkanSBS_ -----------·-- -·
California_ •• __ ··--- _______
138
63
Colorado ___ --··---------45
Connecticut.·---------·-5
Delaware_---···---·-·---_
District of Columbia_. ___ •
4
48
Florida •• ___ -·-· •• -· -- --·21
Georgia·-·-·---·-·-·-·-··34
Idaho---·-··-------·---· -151
Illinois•• _.--··-·---------62
Indiana_·-····-···-------·
155
Iowa__ ·-·-···-·······--··230
KaD888·-···--··----·----144
Kentucky __ ·---· - -- •• --• 103
Louisiana_········-·---·-30
Maine ___ ·-······--··---·18
Maryland--····-·-·-----Massachusetts __ ._ •• __ ··-·
82
Michigan_ ••• ____ . ________
220
Minnesota ••• ____ • __ .---·110
153
Mfrsisslppl. -··--·-·--·. ·101"
Missouri_ ••• ----···--·-··50
Montana_-·-----·---····52
Nebraska-····---·········
4
Nevada. ••••• ·-······-····
See footnotes at end of table.
75
4
126
134
59
42
5
3
45
20
28
145
61
151
219
135
101
29
15
73
203
106
152
92
49
52
'
$12, 962, 600. 00
1, 565, 000. 00
4, 816, 000. 00
50, 302, 020. 00
5, 040, 000. 00
8, 300, 000. 00
165,000.00
3, 400, 000. 00
2, 172, 000. 00
2, 522, 500. 00
2, 310, 000. 00
85, 196, 000. 00
7, 847, 500. 00
12, 575, 500. 00
6, 021, 250. 00
11, 182, 500. 00
10, 871, 000. 00
8, 160, 000. 00
3, 980, 000. 00
19, 525, 000. 00
42, 797, 600. 00
13, 803, 500. 00
8, 965, 000. 00
10, 800, 000. 00
3, 515, 500. 00
6, 007, 500. 00
205,000.00
$257, 600. 00
25,000.00
946,500.00
9, 330, 895. 00
146,500.00
1, 257, 674. 00
27,700.00
2, 300, 000. 00
130,000.00
825,000.00
205,000.00
1, 348, 385. 83
659,000.00
2, 377, 500. 00
773,500.00
2, 302, 650. 00
425,000.00
1, 000, 000. 00
1, 182, 460. 00
3, 356, 800. 00
3, 234, 539. 00
400,000.00
495,000.00
902,875.00
77,000.00
672,550.00
---------------
Digitized by
$12, 705, 000. 00
1, 540, 000. 00
3, 869, 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
1, 697,500.00
2, 105, 000. 00
83,847, bH. 17
7, 188, 500. 00
10, 198, 000. 00
5, 247, 750. 00
8, 879, 850. 00
10,411,000. 00
7, 160,000. 00
2, 697, 540. 00
16,168,200.00
39, 492, 461. 00
13, 373, 500. 00
8, 470, 000. 00
9, 897, 125. 00
8, 438, 500. 00
5,334,9W.OO
205,000.00
Google
$8, 387, 000. Oil
1, '131, 600. Oil
3,223, 132. 50
19, 499,721.67
2,949,600. Oil
6,129,992. 50
130,300. Oil
939,800. Oil
1,469,'lirl. 50
1,038,375. Oil
1,734,700. Oil
30, 780, 366. 61
3,368,165. Oil
6, 034, 113(). 00
3,972,577. 98
6,532,645. Oil
7,675,165. 00
4,588,345. 00
2,088,540. 00
9, 428, 660. Oil
30,477,801.00
6,259,810. 00
7,444,599. 25
a, 473,875. oo
1,393, H0.00
2, 872, 900. 00
101,000.00
REPORT OF RECONSTRUCTION FINANCE CORPORATION
37
4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, disbursements,
and amount outstanding, from Feb. 2, 1932, to Mar. 31, 1938, inclusive, by
States 1-Continued
TABLE
BuBSCBJPTION l'O• l'BJ:J'EBRED STOCK OJ' BANKS AND TRUST COIIPAN!ES-Contlnued
State
Numbero!
authorizations
New Hampshire ..••••.•••
New Jersey.••••••••••..••
New Mexico •..•....•.•••.
New York...•••.•.....•••
North Carolina ....•.•....
North Dakota ••.....•..•.
Ohio....•.•..•••..••....•.
OklahomR ................
Oregon.·. __ .......••......
Pennsylv8llia..........• __
Rhode Island ..........•..
South Carolina ••.••....•.
South Dakota•...........
Tennessee •••.............
TexaL............••.•...
Utah ....•••.......•.•....
Vermont ..................
Vir!tinia .•......••..•.....
Washington .•............
West Vlri!inla •...........
Wisconsin •••..•..........
ri:~lng••..••..•........
15
~
25
288
145
34
98
53
21
394
5
13
36
136
170
JO
42
172
33
38
66
28
1
Puerto Rico .•••.•.••....•
1
Virgin Isl80ds •••...•..•..
3
Total .•.•••••.•.•••• 4,332
--
Subscriptions for preferred
stock of:
Export.Import Bank
ofW ashington •- •••
2
Second Export.•lm•
port Bank of Wash•
ington, D. C.• .•••••
1
Grand total ••••••• 4,335
..
Numberof
borrowers
15
244
22
276
139
33
89
51
21
374
4
JO
34
133
161
10
42
163
30
37
60
25
1
l
1
4,104
Amount
authorized
Amount wltbdrawn or
canceled
Amount
disbursed
Amount outstanding as of
Mar. 31, 1938'
$1, 363, 000. 00
$238, 635. 00
$751,635. IJO
$611,365.00
81, 456, 250. IJO
7,061, 183 93
70, 895, 066. 07
61,316,863.62
1, Oi7, 500. IJO
362,500. IJO
715,000.00
609,925.00
150. 609, 050. 00
7, 433, 360. 84 142,350,689.16
34, 534, 804. 33
7, 288, 500. 00
5, 718, 98/i. 00
7,995,000.00
681,500.00
2, 440, 500. 00
1,006, 875. 00
40,000.00
2,400,500.00
38, 184, 364, 00
I, 686,027. IJO
35,498,337.00
20, 207, 395. 00
10, [JI)(), 000. 00
2, 814, 725. 00
92,500.00
10, 407, 500. 00
915,000.00
165,700.00
25,000.00
890,000.00
36, 710,058. 34
55, 836, 300. 00 10, 224, 653. 50
45, 611, 646. 50
I, JOO, 000. IJO
703, 750. 00
201,500.00
898,500.00
1, 645, 000. 00
1, 378, 250. 00
90,000.00
1, 555, 000. 00
2, 973, 000. 00
2, 948, 000. 00
2, 016, 375. 00
25,000.00
13, 921, 550. 00
10, 748, 67~. 00
I, 662, 500. 00
12, 259,050.00
14,950,175.00
26, 610, 500. UO
3, 140,125.00
23, 470, 375. 00
1, 325, 000. 00
920,811.43
1, 590, 000. 00
265,000.00
7, 253, 400. 00
7, 770, 000. 00 --------------7, 770, 000. 00
12, 743,000.00
7,073, 912. 50
2, 063, 350. 00
10, 679, 650. 00
3, 870, 000. IJO
1, 845, 125. 00
1, 130, 000. 00
2, 740,000.00
3, 365, 000. 00
119,933.34
1,616,460.00
3, 245, 066. 66
16, 757, 500. IJO
1, 445, 400. 00
11, 865, 075. 00
15, 312, 100. 00
1, 572, 500. 00
1, 252, 500. 00
863,350.00
320,000.00
37,500.00 --------------37,500.00 --------------250, \JOO. co
2/iO, 000. 00 ---------------- --------------121,500.00
251,000.00
126,000.00
125,000.00
789, 841, 484. 00 73, 716, 027. 44 710, 5,19, 856. 56 397,992,554.29
1
20, 000, 000. 00
- --- ---- -------
20, 000, 000. 00
20, 000, 000. 00
1
4,106
2, 500, 000. 00
812,341,484.00
---------------
2, 500, 000. 00
733, 039, k56. 56
-- -------- -----
73, 716, 027. 44
417,992,554.29
PURCHASES or CAPITAL NOTES OB DEBll:NTUBlffl or B-'-NKS AND TRUST COXPANIES
[Under the act approved Mar. 9, 1933, as amended]
Arizona ____ ________________
California. _••....•.....•.
Delaware .............•...
Distrirt ef Colum bla ••••.
0
I1:oi~a:::::::::::::::::::
I
L"o%~~a.:::::::::::.::::
Mome .....•..•.•.•••••••.
MJ':fuland ••.•••...••.•••.
M
Mlnn::a::::::::::::::::
MFisslppL •••••.••..•.••
M
M
it~t:::::::::::::::.
N
N
N
N
Ohl~~~~ota •• , ..• , •....
::~~Y·:::::: ::: :::
~re{gn. _.. :::::::::::::::
sOU th Carolina.·-· •......
Ton Dakota.••..•......
~iWest~il~vr/============
in1·············
~:~Jto·~::::::::::::
-
Total. •••.•••••••.•.
1
I
10
5
78
107
284
102
12
1
1
9
5
75
103
246
100
12
54
55
1
1
184
175
135
135
180
160
25
25
43
43
2
3
272
302
116
107
359
346
40
35
32
30
101
94
280
288
34
34
18
19
81
80
66
57
456
393
3
3
3,123. 2,896
$840, 000. 00
5, 000, 000. 00
2, 515, 000. 00
1,800,000. 00
3, 350, 000. 00
8, 571,000. 00
10,816,750.00
5, 736, 000. OU
2, 440, 000. 00
7, 127, 500. 00
700,000.00
4, 084, 000. 00
6, 380, 500. 00
13, 346, 500. 00
592,000.00
605,200.00
1, 350, 000. 00
237, 589, 200. 00
2,044,000.00
62, 269, 000. 00
1, 385, 000. 00
1, 286, 800. 00
1, 543, 000. 00
9, 503, 000. 00
2, 720, 000. 00
8, 025, 000. 00
3, 626, 500. 00
3, 431, 000. 00
21, 234, 500. 00
1, 250, 000. 00
431, 161,450. 00
----------------------------$2, 085, 000. 00
--------------237,000.00
1, 700, 000. 00
1, 214, 000. 00
635,000.00
1, 000, 000. 00
777,500.00
--------------299,500.00
560,000.00
2, 442, 500. 00
10,000.00
49,000.00
750,000.00
66, 635, 000. 00
450,000.00
5, 447, 500. 00
325,000. IJO
70,000.00
59,000.00
1,750,500.00
60,000.00
--------------302,000.00
415,000.00
3, 282, 500. 00
--------------00, 54'6, 000. 00
$840, 000. 00
5, 000, 000. 00
430,000.00
1, 800, 000. 00
3, 113, 000. 00
6, 871,000. 00
9, 552, 750. 00
5,101,000.00
1, 440, 000. 00
6, 3511, 000. 00
700,000.00
3, 774, 500. 00
5, 820, 500. 00
10, 904, 000. 00
582,000.00
542, 200. 00
600,000.00
170,954,200.00
1, 594, 000. 00
56, s21. 500. oo
1, 60, 000. 00
1, 216, 800. 00
1, 484, 000. 00
7,752,500.00
2, 670, 000. 00
8, 025, 000. 00
- 3, 324, 500. 00
3,016,000.00
17, 952, 000. 00
1, 250, 000. 00
340, 541, 450. 00
$4, 000, 000. 00
187,000.00
1, 268, 000. 00
2, 149, 2~1. 56
3, 924, 925. 00
7, 839,050.00
172,100.00
1,362, 750. 00
5, 238, 112. 50
400,000.00
2, 243, 560. 00
90,000.00
4, 290, 060. 86
155,250.00
519,400.00
600,000.00
29, 810, 025. 00
1, 425, 700. 00
36, 24 7, 800. 00
875,250.00
623,600.00
988,500.00
5, 605, 885. 84
1, 325, 750. 00
8,024, 375. 00
933,315, 00
2, 289, 275. 00
13, 231, 500. 00
450,000.00
136, 270, 466. 66
Bee footnotes at en<;! of table.
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 ca1icelations, disbursement&,
and amount outstanding, from Feb. 2, 1932, to Mar. 31, 1938, inclusive, by
States 1-Continued
TABLE
TOTAL, SEC. 36, TITLE II, OF THE EMERGENCY FARM MORTGAGE ACT OF 1933, AS
AMENDED
[Loans to drainage, levee, Irrigation and similar districts, etc.]
Num•
ber of
au•
thori•
zations
State
Arizona .•.•......••.•.•.•.
Arkansas .••........•..•..
California.••.......•...••.
Colorado •................
Florida ...................
Idaho ..•........•....•.•..
Illinois...•.............•..
Iowa .......•...........•..
Eiii~Y~~:.-.~~:::::::::::::
Minnesota .•...•...•...•••
Mississippi. .•...•...•....
Missouri.. .....•......••..
Montana ......•...•......
Nebraska ..•..••.•...•.•••
Nevada ........•.•..••.•..
New Mexico ...••..•.•..••
North Carolina ..•.•...•..
Oregon ........•.••.•..•..
South Carolina •••.••.••..
South Dakota •••••••••••.
Tennessee .•••.•••••..••..
Texas ........•.•.•.•••••..
Utah. __ ...•••.•.....•....
Virginia ...•.•.•..........
Washington .•........•...
Wisconsin ________________
Wyoming .....•...........
Total. ..............
Num•
ber of
bor•
Amount
authorized
rowers
12
111
97
52
49
44
70
11
3
20
1
113
97
23
11
6
11
1
47
6
6
7
104
16
2
28
1
2
7
84
53
32
34
28
9
4
9
1
23
6
6
5
57
12
2
17
1
2
$13, 822, 953. 77
13, 956, 802. 96
48, 788,114.41
4, 951, 341. 35
8, 871, 001. 27
2,655,215.33
3,606,001.27
383, /iOO. 00
91,932.45
1, 468, 933. 77
302,500.00
5, 426, 235. 56
8, 056, 849. 86
1,587,249.31
1, 600, 830. 20
969. 433. 00
891,307.76
38,000.00
2, 981, 736. 46
280,160.00
156,100.00
110,300.00
16, 212, 824. 64
637,500.00
136,200.00
1,424, 495. 70
22,000.00
46,900.00
9,51
621
139, 566, 419. 07
--
41
7
3
18
1
71
74
14
Amount with•
drawn or
canceled
Amount
alsbursed
$2,875.59
1, 860, 844. 31
7, 681, 986. 75
1, 558, 101. 01
185,042.86
786,208.45
856,010.91
183,000.00
21,421.91
571,522.92
302,500.00
631,980.48
1, 029, 651. 28
524,138.96
125,852.94
434,856.94
9,807.76
1,000.16
102,946.42
119,571.63
6,000.00
16,000.00
897,884.32
322,000.04
200.00
253,050.00
22,000.00
-
------ -- --- ---
Amount outstanding as ol
Mar. 31, 1938•
$3, 080, 071. 20
9,317,086.86
23, 394, 194. 06
2,661,005.09
3,885, 044. 31
1, 393, 146. 94
2, 268, 953. 55
194,735.28
68,741.75
811,202.26
$3, 030, 807. 42
8, 868, 489. 30
23, 251, 130. 5.'i
2, 609, 8.10. 00
3, 763, 000. 64
1, :HS, 647. 59
2, 259, 434. 23
181,735.34
68,m.75
796, 127.26
4,725,412.61
6, 618, 364. 41
1, 036, 726. 28
1, 520, 171. 36
534,576.06
795,885.87
36,999.84
2, 815, 960. 36
124,928.37
150,100.00
91,799.49
12, 678, 337. 48
315,499.96
136,000.00
1, 116, 872. 00
4, 418, 678. 73
6, 187, 380. 45
36,999.84
2, 675,925.21
121,500.00
139, 200. 00
88,299.49
12, 485, 508. 23
279,500.00
132,000.00
1, 021, 600. 00
79, 820, 016. 2ll
77, 521, 842. 90
983,991.98
l,475,SM30
533,144.66
718,885.87
-- ---- 46,400.00
- ----- ---- - --------- ----44,500.00
18, 506, 455. 64
TOTAL, ACT APPROVED JUNE 10, 1933, AS AMENDED
[Loans on, and a subscription for, preferred stock of insurance companies]
Kansas .••••••••.•••••....
Maryland ..•.•..•.•...•..
Michigan .•.•..•.•........
Minnesota. •..••.•.•...••.
Missouri.. ....••••........
NewJ'ersey ...•.•.•.......
New York ....••.•••......
North Carolina .•.........
1
4
1
1
1
1
1
1
3
1
1
1
1
1
1
Total. ...•....•.••..
12
10
2
$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
60,000.00
34, 375, 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
$100,000.00
17,448,450.00
3, 663, 071. 18
59,679.45
130,189.81
3, 600, 000. 00
2, '$77,000.00
48,999.62
34, 375, 000. 00
27,327,390.06
LOANS ON PREFERRED STOCK OF INSURANCE COMPANIES
[Under the act approved June 10, 1933, as amended]
Maryland ...•............
Michigan ................ .
4
2
~:~~~~::::::::::::::::
New Jersey ..•.•..........
New York .•••.•.•.•.•....
North Carolina •.•........
1
1
1
1
1
3
1
1
1
1
1
1
$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
Total ..•..••...•.•..
11
9
34, 275, 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
$17, 448,450.00
3, 663, 071. 18
59,679.45
130,189.81
3, 600, 000. 00
2, 277, 000. 00
48,999.62
34, 275, 000. 00
27, 227, 390. 06
See footnotes at end of table .
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39
REPORT OF RECONSTRUCTION FINANCE CORPORATION
4.-Number of authorizations and borrowers, to which authorization, were
made; and amount of authorizations, withdrawals or cancelations, disbursements,
and amount outstanding, from Feb. 2, 1932, to Mar. 31, 1938, inclusive, by
States I-Continued
TABLE
SUBBCRil'TION FOR PR:HERRED STOCK OF AN INSURANCE COKPANY
[Under the act approved June 10, 1933, as amended]
NWil'- Num•
beror
beror
BU·
hor•
thorl• rowers
zatlons
State
Kansas •••••••••••.....•••
Total •••••.•.•..••••
1
-1
1
1
Amount
authorized
$100, 000. 00
Amount with·
drawn or
canceled
---------------------- -- ----
100,000.00 -
Amount outstanding as or
Amount
disbursed
Mar. 31, 1938 •
$100, 000. 00
$100, 000. 00
100,000.00
100,000.00
TOTAL, ACT APPROVED APR. 13, 1934, AS AMENDED
Loans to finance the repair or damage by earthquake, flood, or other catastrophe in 1933, 1934, 1935, and 1936
:Jalifornia_______________ __
Jonnecticut. _____________
Florida •....•...••.•.•.•..
Georgia. •.••....•••..•••••
Maine••••••••••••••••••••
Maryland ....•••••••.•.•.
MIISSachusetts ....••.•..•.
~~~=~~:::::::::::::::
New Hampshire •.....•...
New Iersey .•..•...•......
New York ................
North Carolina •.•.....•..
Ohio.........•••........•.
Pennsylvania. ••..........
Texa.s....•...••..•..•..••.
West Virginia. •....•......
Total .......•.•••.••
4
52
1
157
20
9
123
86
1
11
1
24
1
2
207
2
4
-705
-
1
51
1
144
20
9
120
81
1
11
1
21
1
2
199
1
3
$2, 150, 000. 00
142,945.00
50,000.00
1, 335, 500. 00
24,250.00
24,600.00
325,159.00
216,250.00
150,000.00
42,950.00
500. 00
53,697.00
10,500.00
4,900.00
1,035,387. 75
140,000.00
27,650.00
667
5, 734, 288. 75
$897, 170. 00
51,770.00
38,459.00
303,694.65
15,800.00
13,000.00
258,335.00
19,379.02
33,365.00
19,478.86
500. 00
17,625.00
10,500.00
--------------391,565.00
$159, 4Q8. 8$
69,665.40
6,498.46
887,051.73
5,395.00
8,982.39
38,055.83
149,077.97
72, 745. 17
19,226.17
$1, 252, 830. 00
91,175.00
11,541.00
977,805.35
8,450.00
11,600.00
66,824.00
172,370.98
116, 63.5. 00
23, 47L 14
---------------36,072.00
---------------4,900.00
31,967.50
120,000.00
6,700.00
643,822.75
20,000.00
20,950.00
2,831.68
524,989.66
9,998.36
13,218.00
2, 197, 341. 53
3, 458, 447. 22
1, 999, 102. 20
TOTAL, SEC. l4 OF THE ACT APPROVED JUNE 19, 1934, AS AMENDED
11
[Loans to borrowers engaged In the mining, milling, or smelting or ores]
28
9
33
10
2
2
8
11
3
4
1
1
3
2
1
7
$1, 691, 500. 00
2,678, 500. 00
735,000.00
24,000.00
240,000.00
980,000.00
3, 365, 000. 00
41,000.00
{28,500.00
20,000.00
20,000.00
60,000.00
22,000.00
20,000.00
975,000.00
131
116
11, 300, 500. 00
33
39
10
2
2
9
11
3
5
1
1
3
2
1
$403, 500. 00
1, 387, 000. 00
63,000.00
14,000.00
$403, 500. 00
1, 062, 000. 00
60,305.79
10,824.84
478,000.00
210,000.00
21,000.00
15,000.00
48,000.00
74,617.73
15,000.00
55,000.00
14,000.00
14,000.00
5,000.00
883,000.00
14,000.00
14,000.00
5,000.00
783,000.00
7,060,000.00
3, 507, 500. 00
2, 490, 248. 36
$1, 205, 000. 00
1, 026, 500. 00
655,000.00
10,000.00
240,000.00
240,000.00
3, 135, 000. 00
20,000.00
413,500.00
20,000.00
20,000.00
20,000.00
---------------
-----------------------------------------------------------
TOTAL, SEC. 16 OF THE ACT APPROVED JUNE 19, 1934, AS AMENDED
[Loan to a public-school authority for payment or teachers' s!'laries due prior to June 1, 1934]
, IDlnois ••••••••••••••• _ ••• 1--11_ _
1 1-$_22,_500_,ooo_._oo-+-_s_200_,_ooo_.oo_l $22,300,000.001···············
,,, _ _
Total
••·-·-········
1
1
22,500,000.00
200,000.00
22,300,000.00 ·······•·······
_ _ _ _ __,!._ _..!.._ _!...,__ _ _ _...,.!_:,__ _ _ _...!,__ _ _ _ _,.__ _ __
Bee footnotes at end or table.
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40
REPORT OF RECONSTRUCTION FINANCE CORPORATION
4.-Number of authorizations and borrower,, to which autAoriiali11n1 WIit
made; and amount of authorizations, withdrawals or cancelations, duburiement,,
and amount outstanding, from Feb. 2, 1932, to Mar. 31, 1938, incltuive, ~
States 1-continued
TABLE
TOTAL, ACT APPROVED AUG. 24, 19311
[Loans to or for the benefit of tu-supported public-school districts or other similar public-school Sllthoritia
in charge of public schools]
•
State
Number of
au•
thorlzations
Number of
borrowers
Amount
authorized
Amount withdrawn or
canceled
ArkansBS _________________
Texas _____________________
21
20
6
6
$1, 123, 800. 00
883,000.00
$329, 800. 00
210,500.00
Total_------------ --
27
26
2, 006, 800. 00
540,300.00
Amount
disbursed
Amountout,
standing as o/
Mar.3~\'111,1
$150, 000. 00
$100,\mll)
lliO, 000.00
lliO,IIXl.00
--------------- -····-·---··---
1 "Borrowers" Include applicants to whom loans have been authorized and Institutions in coru,,ction
with which purchases of preferred stock, capital notes, or debentures have beeu authorized. With respe,:t
to loaus on preferred stock, the figures represent the number of institutions on whose preferred stock tile
Corporation authorized loans.
• Includes repayments unallocated, pending advices, BS of Mar. 31, 1938.
• These authorizations are not included in the State totals shown above because the operations of tho
borrowers ordinarily are not confined to any one State.
• Includes 12 authorizations in connection with refinancing of loans previously made by the Ccrporm
to Federal land banks.
• Includes $193,618,000 representing refinancing of loans previously made by the Corporation to Fedenl
land banks for different individual amounts, but in the same aggregate amount.
• Name subsequently changed to "Federal National Mortgage Association."
' In addition, upon certification by the Federal Emergency Relief Administrator, under the Fedenl
Emergency Relief Act of 1933, the Corporation disbursed $499,660i!JO0 for relief (as sbown In the appendix
of table 4) and disbursed $347, 748.ll to the Federal Emergency Relief Administrator for expenses lMlCt\S.WY
to carry out the provisions of the above act.
.
• Of the $:199,984,999 disbursed for relief and work relief BS shown on table 4 (p. 33) $17,169,232.30wa.,reJ)ftld
to the Corporation by States and political subdivisions. In addition, pursuant to the provisions or the iet
approved Feb. 24, 1938, the Corporation's notes were canceled in the amount of $282,82.1,766.70, equi_valent
to the balance of the amounts disbursed for relief and work relief under title I of the Emergency Relief and
Construction Act of 1932, as amended.
• Revised.
10 Does not include 1 borrower in California, lnBSmuch 1111 the Corporation had previoll!iy authoriied~
loan to this borrower under sec. 5d of the Reconstruction Finance Corporation Act, 11.1 amended, and 1
borrower is included in the number of borrowers under that section.
. .
11 Duplications in the number of borrowers arise in cases where the Corporation makes aothortzat10"
to a bank or trust company under more than one of the classifications under sec. 304 of the act appro,ed
Mar. 9, 1933, as amended.
u Classified by States, according to the location of the property of the borrowers.
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REPORT OF RECONSTRUCTION FINANCE CORPORATION
APPENDIX TO
41
T ABLII 4
(Not Included In the foregoing table 4]
Amount of disburllement8 for relief upon certification of grant, by the Federal
Emergency Relief Administrator, under the Federal Emergency Relief Act of 1933,
s:.. from May 12, 1933, to Mar. 31, 1938, inclusive, by States
State
'~ Alabama •.•••••••••••••••••••••••••
Arizona ••• ·••••••••••••••••••••••••
Ark811888 •••••••••••••••••••••••••••
-California ••••••••••••••••••••••••••
1
·
~:~~~ctii::::::::::::::::::::::::
··- Delawere•••••••••••••••••••••••••••
-nbtrlct of Columbia •••••••••••••••
• Florida•••••••••••••••••••••••••••••
_Georgia ••••••••••••••••••••••••••••
Idaho .•••••••••••••••••••••••••••••
:· Illinois •••••••••••••••••••••••••••••
Indiana••••••••••••••••••••••••••••
•.· Iowa •••••••••••••••••••••••••••••••
Kansas ........•...•................
Kentucky ••• _ •••••••••••••••••••••
.:c ·; LonJslana ••••• •••••••••••••••••••••
Maine••••••••••••••••••••••••••••••
,~,-si:~.·.·.~~:::::::::::::::::
.... M!ssisslppl •••••••••••••••••••••••••
.. MJSSourl.. ••••••••••••••••••••••••
·Montana•••••••••••••••••••••••••••
:: ·•Nebraska... _ _ _ _ _ _ ·····•·
Nevada ...........•..•..•..•.......
,· -New Hampshire. ...•...•.•....•..•.
Amount disbursed
$8,994,391
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, 3.54
809,957
52,240,038
11, 259, 42,1
6,248, 789
2,732, 726
5,945,118
13,034, 157
1,251,414
7,171,098
11, 3M, 140
31,369, 782
8,831,959
8,550,286
6,685,494
2, 8,13, 357
2,125,699
370,801
966,436
Amount dlabursed
State
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............................
~r:L~!~~;~~~=====================
Wyoming..........................
Alaska.............................
Hawaii.............................
Puerto Rico........................
Virgin Islands......................
Total.........................
Digitized by
$15, 423, 438
889, 188
63,131,826
9,709,900
3,612,520
36,763,382
6,309,005
3,213,315
44, 106,509
1,870,967
10,424,200
7,035,597
6, 369, 106
13,249,874
1, 723, 352
481,544
5,594,074
!: g~: !ii
1
190,383
349,629
1,110,561
1,970,201
281, 753
•----499, 650,000
Google
T A BLE
~
t-:)
5.- Loan and other authorizations, by character of loans, etc., 1 from Feb. S, 1992, to Mar. St , 19S8, inclmive
Authorizations
Withdrawals or
cancelations
Repayments and f Outstanding as of
Mar. 31, 1938
other reductions '
Disbursements
BANKS AND TRUST COMPANIES t
Loans to aid in the reorganization or liquidation of closed banks:
To receivers, liquidating agents, and conservators ____________ ______ __________ __ __ ,$!, 184,046,124.91
119,474,123.58
Through mortgage loan companies_______________________________________________
On assets of closed banks, under sec. 5e of tbe Reconstruction Finance Corporation
17, 973, 449. 25
______________________
__
________________
Act, as amended_____________________
Total, to aid in the reorganization or liquidation of closed banks ______________ _ 1,321,493,697. 74
I, 334,245,653.65
------- ----------------------------- --------- ---------'-- --banks
to open
Loans
__ _______ _
____________________________
___ -____________________
stock
preferred
Loan• on
23, 274. 755. 00
Subscriptions for preferred stock ________________________ ___ _________ ______________ __ _ 812,341,484.00
161, 450. 00
431,
Purchases of capital not.es or debentures __ -- ------------ ----- ----------------- --- ---0
cg:
;;;·
(1)
0.
~
(;
0
-
~
(v
3,922,517,040.39 _
Total, banks and trust companies
BUILDING AND LOAN ASSOCIATIONS
~
"ti
0
--------1
1, 148,779.05
15,360,451.99
12,004, 123. 28
3, 356, 328. 71
296, 526, 825. 29
196,292,874.23
5, 126, 025. 00
73,716,027.44
90, 546, 000. 00
969, 502, 40 I. 99
1, 137,717,279. 42
18, 148, 730. 00
733, 039, 856. 56
340,541,450.00
890, 386, 005. 59
I, 047, 908,907.32
7,840,404. 17
315, 04 7, 302. 27
204, 270, 983. 34
79, 116, 396. 40
89, 808, 3 72. 10
IO, 308, 325. 83
417,992,554.29
136, 270, 466. 66
662,207,751.96
3,198,949,717.97
2, 465, 453, 602. 69
733, 496, 115. 28
25, 141,957.84
122, 701,741.56
21,630,057.38
7,365,622. 73
2,816,900. 46
115,117,851.93
Total, buildiDg"and loan·associations_________________ ___ _______________________
147,843,699.40
28,995,680.11
117,934,752.39
t~g~;r!{ro~~~:i :f~i~ci=i ~~:: : :::::::::::::::::::::::::::::::::::::::::::::::::
Total, insurance companies______________________________________ __ ____________
1
g~: riJ:
m:; ::::;;:;;;=~;t: i~: rJ: ~: ~
137,381,858.28
0
z
rJJ
>-'3
~
....
~
115,608, 471.64
I
...."'.1
z
~0
87, 113, 678. 97
7,047,609.94
1__ __
124, 050,416.42 1
13,331,441.86
--------------94, 161, 288. 91
"'ll "'
j
---- ---------------- --------Loans, direct ____ --------- ---------- -- -----------------Loans to The RFC Mortgage Co______ _____ ____________ ____ _________________________
Subscription for stock of The RFC Mortgage Co __ ------------------- --- --------- --Subscription tor stock of The National Mortgage Association of Washington•-- -- ---Subscription tor stock of other mortgage loan companies__ ___________________________
339,099, 163. 49
78,720,787.82
25,000,000.00
11, 000,000.00
1,250,000.00
102,051, 777. 71
Total, mortgage loan companies•---------------- ----------·-------------------
455,069,951.31
103,301,777.71
340,809,939.94
L2, 400, 000. 00
• 387, 236, 000. 00
~: 000, 000. 00
11,
• 300, 630, 000. 00
o,
240, 000. 00
J7fl. iUO,
◄ 52. "~
1,004,"l l;l.OIIU OU
62, 091, 559. 20
46,351,607.85
25, 000, 000. 00
ITT>, MO 00
-----~~:~~~:~~~~~~__
, ... ~: ~
"< ~:
11, 000, 000. 00
1,250,000.00 ,- JOO, 426, 772.80
====
i=======j====
AGRICULTURAL l'INANCINO 1NST1TUTION8 1 ETC.
~~ ~ ~~:~~•~,t~l':~~~~~l~~~~~i~.l'Ul~O~la ,::::::::::":::::::••••••• ............. -
~
t<.J
0
8
2, 017, 548. 39
113, 590, 923. 25
f
I
I
~~,
MORTGAGE LOAN COMPANIES •
Loarui to ·Federal lond bonJ<s___ ----------------------------- -------------------· -----------· -------- ---- -·· · ·Loans t.o 1'...edonU lot.erme<.lh\to o.re<'lll. bno..k:e .
~
0
'-':J
0
Loans to receivers ____ __________________ _____________ __ __ _________ ____________
Loans to others_______________________________________________________________ __ _____
INSURANCE COMPANIES
$54,118,374.42
21,641,693.27
$799, 164,054. 76
79, 217, 827. 55
$853,282,429. 18
100, 859, 520. 82
$277, 833, 935. 03
17,544, Ill. 21
17~~~~-~
M
,--
I
HU
··uo.·u ....
06A.. 006,"~
700, I Ifft. -t07 . 4A
M)(I, 878, !UO •U)
7, 620, 024. g,o
• 370,716,07 1. 01
o. 2M>. 000. 00
l T.l. :.u:1, 640 7:,
··n: &oo.Hii ·,;.o·
I
r
U7H. Ul
l'.':l
C
0
.,,
~
0
~
~
Loans to Secretary of Agric ulture to acquire
tJ:: ~~~i~)~L1~i1:*~~rt~~~~::::::::::::::::::::::::::::::::::::::::
Loans tor ..financing exports of agricultural s1.u:rpJuses ____ ___ ____ ___ ___ ____ _____ ___
Loans for financing agricultural commodities and livestock ___ __________ ___ _____ _
r
TotSI, agricultural financing institutions,
23, 500, 000. 00
-
-
27, 806, 572. 68
6,120,867.59
14~ 511, 327. 88
20, 200, 000. 00
6, 761 , 951. 30
477,249.37
1, 530, 729. 19
53, 370, 955. 22
86,061,513.08
33, 146, 368. 56
66, 367, 021. 30
2, 403, 900, 353. 92
712, 167,477. 94
27, 465, 960. 00
629, 586, 835. 00
844,70 1.00
105, 548, 7.64. 89
20, J 77, 690. 67
-----------------3, 005, 782. 20
88,493.07
-------- ---------46,895.99
I, 411, 520, 104.82
1, 303, 985, 090. 62
107, 535, 104. 20
26, 621, 169. 00
524, 038, 070. 11
2, 220, 062. 20
I 79, 968, 458. 88
24, 401, 106. 80
344,069,611. 23
3, 300, 000. 00
20, 030, 851. 30
5, 643, 618. 22
12,971, 598.69
20, 224, 586. 66
19, 504, 491. 78
3, 3 00, 000. 00
16, 125, 069.10
5, 556, 125. 16
12, 971, 598. 69
18, 580, 463. 74
924, 028. 04
0
RAILROADS
Loans to receivers and trustees __ -----Loans to others_--- ----------- --- -- ----- -- - -- -------- - ------------- - - - --- __- - - - Total, railroads ___ _---- --- ______ --- ____ ___ ______ __ __ ____ ____ _____ ____ ____ _
657,052, 795. 00
106, 393, 555. 89
550, 659, 239. 11
182, 188, 521. 08
368, 470, 718. 03
809, 700.00
79,900.00
719,375. 00
243,699. 42
475,675.58
Total, loan s to industrial or commercial business _____ __ _________ _______ _
Loans for mining, milling, or sm elting of ores ___ ___ ___ ___ _______ ___ __ __ ____ __ ___ _
Loans ta processors or distributors, subject to processing taxes ____ __ ___ _______ ___
186, I 22, 088. 99
11, 300, 50\J. 0\/
26, 089.27
67,251,448. 20
7, 060, 000. 00
11, 371.21
105, 925, 989. 76
3, 507, 500. 00
14, 718.06
31, 375, 789. 46
1,017,251.64
14,718. 06
74, 550, 200. 30
2, 490, 248. 36
-- -- -- ------ -- ----
197, 448, 678. 26
74,322,819.50
1()9, 448,
207. 82
32, 407, 759. 16
77, 040, 448. 66
399,967,487. 36
31 , 264,243.14
293, 760, 506. 48
62, 768, 121. 74
230, 992, 384. 74
139, 566, 419. 07
18, 506, 455. 64
79,820,016. 20
2, 208, 173. 39
77, 521,842. 90
0
t:::J
Loans to repair d amage in 1933 ______ ______ ____ _____ ----- - --- - - ---- - ------ - - - ---Loans to repair damage in 1933, 1934, 1935, and 1936:
To industrial or commercial business ______ __ __ _______ _________ ___ ___ ___ ___ __
To others _____ _____________ __ __ ------ - - - - - - -- ---- --- - -- -- - -- - - - -- - -- --- __ __ _
10, 450, 232. 20
1,921 , 124. 10
8, 520, 108. 10
4, 351, 000. 28
4,178,017.82
0
1,711,962. 75
4, 022, 326. 00
820,500.00
1,376, 751. 53
891, 372.75
2,567,074. 47
165,598. 75
1, 293, 746. 27
725,774.00
1, 273, 328. 20
"C
Total, r epair of damage by earthquake, flood, etc _____ ___ __ __________ __ ___
16, 184,520.95
4, ll8, 465. 63
11, 987, 555. 32
5, 810, 435. 30
6, 177,120.02
56, 398, 269. 79
52,838.65
10, 720, 439. 85
99, 390, 118. 26
114,661. 35
5, 701, 835. 15
26,702, 513. 51
114, 661.35
4. 314,915. 18
72, 6871 604. 75
----------------1,386,919. 97
SELF·LIQUIDATING PROJECTS
DR4JNA GE , LEVEE , IRRIGATIO N, ANO SIMILAR DISTRICTS
Loans,
;;a·
~
CJ
0
~
~
t:::J
0
0
168, 722, 613. ll9
167,500.00
16,422,275.00
Loans,
(1)
Q_
'=l
Loans to industr ial or commercial business:
Direct (including pa rticipat ions) ___________ _____ ___ __ ______ _______ _________ _
Th rough banks __ ___ _____ ____ _________ ____ __ ____ _______ _____ _________ _______
Through mortgage loan companies ___ ______ __ ____ _____ ___ ______ ___ ________ _
Fishing
industry
under
sec.
5 of the Reconstruction
a s amended
__ ____
_______
_____________
____ __ ______ ___Finance
__ _____ __Corporation
__ ____ ______ _
Total, business concerns __________ ___ _____ ______ ________ __ _________ ___ ____ _
cg:
~
0
~
B USINESS CONCERNS
0
~
t?j
~
REPAfR OF DAMAGE BY E ARTilQ UAKE, FLOOD, ETr..
See footnote$ at end of table.
z
[/2
1-:l
~
(j
0
1-3
....
~
....'=l
z
>
z
C'.l
~
~
....~
~
i,1:,,.C,lj
TABLE
5.-Loan and other authorizations, by character of loans, etc., 1 from Feb.£, 198t, to Mar. St, 1938, inclusive--Continued
Authorizations
Withdrawals or
cancelations
$642,967.80
13,087,715.88
2,006,800.00
22,500,000.00
$42,872.01
23,084.70
540,300.00
200,000.00
300,000,000.00
46,500,000.00
15,001.00
OTHER
Loans to credit unions---·-·-------··-·---------------------------------------------Loans to State funds for securing repayment of deposits of public moneys__________
Loans to refinance public-school district obligations __ -------------------------------Loan for payment of teachers' salaries _____ ------------------------------------------Amount.a made available for relief and work relief, under the Emergency Relief and
Construction Act of 11132, as amended______________________________________________
Loan to Rural Electrification Administration________________________________________
Total, other____________________________________________________________________
384,737,483.
0
;;a·
(1)
0.
~
CJ
0
~
~
I
$600. 095. 79
$458, 033. 21
$142, 062. ll8
13,064,631.18
Ul', 064, 681.18 ----------------··
150,000.00 ------------------160,000.00
22,300,000.00
22,300,000.00 ------------------
2119, 984, 999. 00
31, 757, 000. 00
681~-======I====
821,257. 71
367. 856. 725. 97
Grand to&al 1______________________________________ ·----··----··----------------1 8,861,670,287, 62
cg:
----------
1, 755, 430, 927. 09
I
Repayments and Outstanding as of
other reductions
Mar. 31, 1938
Disbursements
I 8 6, 606,857, 272. 53
7 299, 984, 999. 00
2,425.46
I
1
31, 754, 574. 54
335, 810, 088. 86
32, 046, 637. 12
4, 796,918, 326. 27
1, 809, 1138, 946. 26
Excludes allocations to other governmental agencies; purchases of securities from Public Works Administration; and commitments outstanding.
• Excludes repayments unallocated, pending advices, as of Mar. 31, 1938.
• Exoludes loans through banks to industrial or commercial business.
• Excludes loans through mortgage loan companies to aid closed banks, and to industrial or commercial business.
• Name subsequently changed to "Federal National Mortgage Association.'"
• Includes $193,618,000 representing reflnaneing of loans previously made by the Corporation to Federal land banks for different individual amounts, but in the same aggregate
amount.
7 Includes $17,159,232.30, representing repayments and other reductions by States and political subdivisions; and $282,825,766.70, representing cancelation of the Corporation's
notes, pursuant to the provisions of the act approved Feb. 24, 1938, equivalent to the balance of the amounts disbursed.
1 In addition, upon certi1lcation by the Federal Emergency Relief Administrator, under the Federal Emergency Relief Act of 1933. the Corporation had disbursed $499,6/iO,OOO
for relief, and $347,748.11 for expenses necessary to carry out the provisions of the above act.
·
• Of this amount. $282,825,766.70 represents cancelatiou of the Corporation's notes, pursuant to the provisions of the act approved Feb. 24, 1938, equivalent to the balance of the
amounu dlab\llSed for relief and work relief under title I of the Emergency Relief and Construction Act of 1932, as amended.
1
t
·p:j
I
~
~
C'l
j
i
~
"'!l
I
;
~
~
REPORT OF RECONSTRUCTION FINANCE CORPORATION
45
6.-Amount of authorizations, disbursemfflts, repayments and otMr reductions, and amounts outstanding from Feb. fl, 19SIJ, lo Mar. 31, 1938, inclmive, by
classes and months 1
TABLE
GRAND TOTAL
Amount of
author!•
zations •
Amount of
disbursements
August ......••....... ·-···
September.••••••.•.••.•.••
Octobm: ••••••••••••••••••••
November ••.•••••••..••••.
December..................
]uly•.•••••••••• •••••• ••• -··
$91,601,057.00
142,333,075.06
228,771,667.33
199, 450, 025. 39
388, 254, 246. 63
170, 934, 728. 59
189, 068, 106. 31
138, 480, 782. 93
162, 373, 944. 36
96, 598, 980. 32
128, 332, 558. 65
$70,868,417.52
121,477,890.49
155, 543, 323. 23
158, 983, 559. 12
298, 276, 816. 59
171, 149, 931. 86
146, 180,913. 71
72, 120, 713. 91
137, 623, 749. 68
61, 020, 558. 96
131,501,263. 75
$18.845.00
8, 873, 883. 30
7, 009, 080. 50
16,440,727.23
48, 684, 900. 92
34, ~15, 181. 07
35. 232, 968. 30
44, 903, 158. 06
47,565,316.28
27, 180,977.04
29, 423, 415. 68
$70, 849, 572. 52
183, 453, 579. 71
331,987,822.44
474, 530, 654. 33
724, 122,570.00
860, 657, 320. 79
971, 605, 266. 20
998, 822, 822. 05
I, 088, 881, 255. 4o
1, 122, 720,837. 37
1, 224, 798, 685. 44
Total ••••••••••••••••
1,936, 199,172.57
1,524, 747, 138. 82
299, 948, 453. 38
1, 224, 798, 685. 44
142,844,447.43
283,171,473. 8.5
217,732,207.45
162, 526, 631. 98
141,928,875.46
154,047,880.32
201, 024, 785. 36
57, 792, 381. 18
44, 791, 443. 05
517, 388, 597. 97
347,536,421.56
475,432,646.36
2, 746, 217, 791. 117
117, 995, 293. 92
199, 499, 330. 83
I 79, 533, 134. 72
117,500,398.87
195, 805, 854. 81
123,677,037.80
115, 339, 396. 98
83, 128, 537. 43
39, 271, 494. 74
48, 646, 412. 75
186,473,065.01
369, 537, 593. 42
I, 776, 407, 551. 28
32, 452, 828. 29
35, 971, 603. 16
55, 813, 566. 83
40, 213, 996. 05
46, 800, 209. 06
94, 656, 029. 32
]12, 949, 299. 42
73, 520, 461. 92
61,734,251. 55
69, 684, 650. 98
51, 202, 045. 08
67,574,183.47
742, 573, 125. 13
1,310,341,151.07
1,473,868,878. 74
1, 597, 588, 446. 63
1, 674,874,849. -i5
I, 823, 880, 495. 20
I, 852, 901, 503. 68
I, 855, 291, 601. 24
1, 864, 8Q9, 676. 75
I, 842,436,919.94
1,821, 398, 681. 71
1, 956, 669, 701. 64
2, 258, 633, 111. 59
2, 258, 633, 111. 59
406, 815, 717. 84
Ianuary •.....•.••.• •·•" ,. ..
132,453,627.03
February __ .. ·-· •.•..•.•...
196,750,948. 78
March.··-···········-·-···
101,690,047.09
April.. ................•....
105,719,957.01
May ___ ....................
I
261,
547, 646, 98
June.·-·-···--· ....•.••..•.
' 72, 792, 004. 65
July .. ···-········-········
188, 298, 608. 36
August ...•......•.• _.......
288, 771, 955. 19
September·--············-·
192, 322, 799. 21
October........•. -•...•.. -.
53,612,012.41
November.·-···-······---·
116,538,752.03
Deeember.·--···········-··
TotaJ._ ..•......•.... '2,117,314,076.58
343, 781, 484. 63
138, 223, 573. 21
174, 702, 436. 92
137, 503, 338. 54
100,482,025. 14
205, 212, 280. 51
I 278, 190, 303. 16
115, 003, 399. 80
54, 364, 910. 22
60,087,192.35
87, 827, 623. 32
132,546,512.48
1, 827, 925, 080. 28
86, 163, 678. 38
82, 739, 872. 01
91,311; 849. 17
91, 123,212.32
66, 997, 270. 39
67,831,380.42
'443, 161,666.45
136, 883, 990. 63
71,019,841.07
79, 142, 232. 20
73, 407, 395. 85
114, 654, 725. 17
1,404,437,114.06
2,516,250,917.84
2, 571, 734, 619. 04
2,655,125,206. 79
2, 701, 505, 333. 01
2, 734, 990, 087. 76
2, 872, 370, 987. 85
2, 707, 399, 624. 56
2, 685, 519, 033. 73
2, 668, 864, 102. 88
2, 649, 809,063. 03
2, 664, 229, 290. 50
2,682,121,077.81
2, 682, 121, 077. 81
32, 143, 248. 47
19,850,030. 26
37,057,127.58
58, 444, 786. 45
' 32, 373. 609. 22
138, 5M. 994. 07
28, 253. 080. 00
26, 264, 930. 10
130,225,477.53
30, 382, 759. 40
I 121, 318, 317. 28
39, 883, 602. 95
'694,752,963.31
49, 275, 454. 45
54, 737, 368. 83
39, 624, 905. 90
56, 104, 278. 17
61, 729, 009. 88
137,909,087.21
124, 588, 307. 71
51,347,644.38
42, 029, 803. 99
28, 436, 221. 25
17,986,037.69
,' 43, 792, 967. 11
707, 561, 086. 57
73, 431; 516. 58
60, 582, 383. 40
54,747,687. 70
48,076, 834. 97
46,989,617.07
53. 863, 165. 23
60,091,046. 99
40, 278, 281. 99
34, 940, 786. 92
47,011,116.53
34,143,979. 73
106, 845, 402. 79
661,001,819.90
2,657,965,015.68
2, 652, 120, 001. 11
2,636,997,219.31
2,645,024, 662. 51
2, 659, 764, 055. 32
2,743,809,977.30
2, 808, 307, 238. 02
2,819,376,600.41
2,826,465,617.48
2,807,890,722.20
2, 791, 732, 780. 16
2, 728, 680, 344. 48
2, 728, 680, 344. 48
24, 616, 712. 69
14, 712, 320. 97
I 118, 681, 078. 95
86, 161, 714. 9tl
87, 120, 870. 91
'%1, 884,909.23
I 170, 709, 496. 83
43, 606, 754. M
7, 6/IO, 361. 24
I 27,197,019. 77
11, ll83, 136. 28
• 9, 235, 348. 97
• 679, 569, 725. 34
62, 162, 133. 42
16,990,711.44
19, 472, 138. 21
28, 601, 47". 57
25, 788, 347. 90
23, 103, 843. 50
12, 200, 622. 53
27, 119, 391. 90
18, 627, 653. OJ
28, 403, 788. 54
10, 835, 460. 87
25, 067, 831. 62
328, 372, 897. 61
49, 420, 650. 65
52, 6\11, 446. 8.5
75, 355. 568. 31
46, 190, 361. 91
150, 760, 907. 52
112, 566, 613. 95
238,617,224.01
37, 692, 959. 78
26, 858, 291. 63
34, 990, 512. 10
33, 898, 211. 49
63,318, 770. 11
922, 361, 51.!\. 31
2,741,421,827.25
2, 705, 721, 001. 84
2,649,837, Ml. 74
2, 632, 248, 77 4. 40
2, 507, 276, 214. 78
2,417,812,944.33
2, 221, 396, 342. 85
2,210,822,774.97
2, 202, 592, 136. 35
2, 196, OOfi, 412. 79
2, 172, 942, 662. 17
2,134,691, 723. 68
2, 134, 691, 723. 68
Year and month
1932
·February•••••••••••.••..••
March ••••••••••••••••••••.
M:}·::::::::::::::::: :::
Iune ••••••••••••..••.••••..
1933
1annary•••••••.•••.••••••••
February_ •.••••••••••.••••
March .•....•....•.•••••.••
April .••••••••••..•.•••••.••
May .......................
1une . ......................
Inly .•..••.•••.••••..••••..
August.....................
September ...••••.•.•..••••
October..••••••••••.•••..••
November ••••••.•..•••..•.
December•.•..•.••.•.•.••..
Total ••• a ••••••••••••
1934
'
1935
1anuary•. _·-····-·····••···
{:t~ary• ·--··-·····-···.--
tr;~·::.::::::::::::::::::
June.----·---····-·-·· •••..
Inly····---- ____ .-· ••.•• _••.
August ... ·--··-···--·····-·
September.·--··--·--·-·-··
October.··-··-·-····-··--··
November •.•......••••••••
December...••.••.••. ···-·Total __ •. ··-----·-···
1936
Ianuary...... -·-·······-···
~~~hary···-··--··········
ApriL .•••.. -.. ·······--·-·
May·····-··-···--···-····June ..•..... ·--········-···
July ......... ·-·············
August ...•.•.•..•.....•• -·~'.;i~~ber .·---·--···-··-c_~
1\/ovember ...••.•.. _..••...
December.·--······-·-···-Total-·-----·-··
Amount of repay•
ments and other
reductions
Amount out•
standing at
end of period
See footnotes at end of table.
Digitized by
Google
46
RF.PORT OF RECONSTRUCTION FINANCE CORPORATION
6.-Amount of authorizations, disburaement8, repayments and other reductions, and amounts o.utstanding from Feb.!!, 1932, to Mar. 31, 1938, inclusive, by
classes and months 1-Continued
TABLE
GRAND TOTAL-Continued
Amount of
authorizatlons •
Year and month
1937
Amount or
disbursements
Amount of repayments and other
reductions
Amount outstanding at
end or period
January _______ - -- - -- -- --- -February __________________
March _____________________
April__ _____________________
May _______________________
June _______________________
July ________________________
Angu.st _____________________
September _________________
Ootober ____________________
November _________________
December__________________
• $14, 417, 708. 99
• 8, 771, 493. 72
• 12,788,530.86
• 98, 531, 650. 28
44, 008, 903. 51
62, 878, 285. 79
• 94, 769, 750. 74
159, 809, 381. 31
40, 315, 761. 24
5. 586, 471. 50
• 8,801,153.92
83. 046, 562. 44
$48, 158, 198. 30
15, 705, 071. 11
16,394, 887. 98
26,075, 199. 15
11, 364, 373. 76
28, 474, 5()5. 42
38, 372, 893. 07
13, 838, 981. 64
24,161,285.17
24, 353, 488. 24
33, 279, 122. 08
• 67, 318, 572. 20
• $35, 479, 159. 95
• 37, 366. 844. 68
• 88, 231, 030. 02
• 42, 316, 409. 87
• 26, IM4, 272. 64
• 23, 621, 504- 72
• 24, 963, 050. 20
• 76, 972, MS. 85
• 15, 982, 439. 46
• 16, 341, 756. 98
• 12, 010, 755 23
• 27, 610, 539. 90
$2,147,370, 762.03
2, 125, 718. 988. 46
2, 053, 882, 1146. 42
2,037,641,635. '10
2, 022, 761, 736. 82
2,027, 6H, 737. 52
2, 041, ~ 580. 39
1, 977,891,013.18
1, 986,069,858.89
1, 994, 081, 590. 15
2,015,349,957.00
2,055,057,989.30
Total ________________
633, 725, 594. 30
347, 496, 578. 12
427,130,312.50
2, 055, 057, 989. 30
t't~b-::::::::::::::::::
March _____________________
45, 621, 441. 05
32, 469, 506. 48
75, 800, 016. 02
32, 605, 557. 77
36, 258, 563. 47
25, 482, 818. 71
19,428,054. 91
28, 369, 063. 73
291, 668, 864. 35
2, 068, 235, 492. 16
2, 076, 124, 991. 90
1, 809, 938, 946. 26
Total, first quarter___
Grand totaL. ________
153, 800, 963. 55
94, 346, 939. 95
8, 861. 670, 287. 62
6, 606, 857, 272. 53
1938
I I
6•
' • 339, 465, 982- 99
1,809,938,946.26
4,796,918,326.27
1,809,938,946.26
TOTAL, SEC. 5, RECONSTRUCTION FINANCE CORPORATION ACT, A_S AMENDED
1932 __________________ -- ---- $1,623,154,844.44
1933_ --- -- -------- ------ -- - - 1, 529, 578, 898. 18
856, 293, 083. 97
1934 ______ --- -- _--- --------180, 461, 830. 98
1935 __ -- -- _------- ----- -- _-1936
m·
$1, 427, 603, 122. 64
1, 156, 842, 666. 34
780, 555, 918. 13
174,443,104.84
$299,832,
43
734, li06, 49 : ltf
1,034, 931, 988. 32
504, 749, 934. 59
$1, 127, 770,.1:16. 21
1, 550, 106,296.92
1, 295, 730, 226. 73
.
965, 423, 396.118
January ____________________
February __________________
March _____________________
April ______________________
May _______________________
June _______________________
July ________________________
August _____________________
September _________________
October ____________________
November _________________
December __________________
17, 562, 321. 82
4, 797, 977. 98
109, 430, 139. 36
26, 122, 916. 07
22, 525, 313. 62
8, 310, 139. 58
2,779,967.20
28, 242, 679. 87
3, 596, 378. 21
11,813,499.33
8, 442, 602. 55
• 3, 113, 097. 33
5, 845, 842. 34
8, 766, 711. 17
6, 883, 435. 42
12, 590, 452. 21
11, 124, 092. 12
4, 180, 608. 06
16,946,451.02
9, 785, 793. 42
5,974,234.27
15, 062, 862. 03
4, 187, 208. 76
15, 762, 093. 27
42, 785, 661. 99
32, 005, 358. 67
60, 016, 366. 67
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, 063, 060. 27
25,017,433.84
22,
'lf
928,483,577.33
905, 154, 929. 83
852, 021, 998. 58
846, 171, 005.13
836, 412,605.21
816, 458, 584- 70
766, 703, 601. 32
760, 450,739.57
746, 504, 180. 32
737, 483, 982. ~
716, 653, 757. 00
710, 163,807.51
TotaL ________ . ______
• 246, 737, 232. 92
117,109,784.09
372, 369, 373. 56
710, 163, 8fJ1. 81
1~7
January ____________________
February __________________
March _____________________
April _______________________
May _______________________
June _______________________
July ________________ .. ______
August _____________________
September•...• ____________
October _____________ ·-·---November _________________
December __________________
• 9, 050, 044. 36
• 3, 643, 433, 86
3, 515, 42,3. 12
• 14, 635, 207. 45
35, 305, 896. 80
19,967,708.88
3,189,157.95
6, 844, 086. 63
37, 734, 359. 14
346,004.20
253,458.81
3, 931, 299. 99
4, l 46, 582. 10
4, 616. 662. 24
5,481,114.51
10, 361, 963. 20
2, 941, 227. 46
13, 649, 128. 95
14, 922, 131. 96
6,574, 1)114. 30
11, 646, 355. 86
7, 343, 922. 80
4, on. 689. IY7
14, 236, 835. 65
17, 025, 333. 56
12, 595, 128. 00
• 27,814,719.44
14, 662, 608. 55
10, 6~..269, 45
7.17S,407. 61
'15;l!J67, 848. 47
9, 619, 316. 21
• 8, 466. 458. 80
• 9, 626, 864. 34
• 9, 194, 834. 59
' 12, 285, 232. 96
697, 285, 056. Oil
689, 306, 590. 211
666, 973, 425. 36
662, 672, 780. 01
654, 994, 738. 02
661,465,459.36
661, 119. 742. 84
658,075,360.93
661, 255, 257. 99
658, 972, 316. 45
653, 855, 170. 93
655, 806, 773. SI
Total_.----·---------
138,416, 771. 19
99, 998, 608. 00
154. 355, 641. 98
655, 806, 773.112
43, 224, 417. 69
4,659,321.:18
8, 374, 714. 06
7, 353, 669. 73
10,243,474. 16
9,439, 254. 72
7, 993, 791. 28
9, 4U0,:714. 58
4118, _403. 91
655, 166, 552. 07
655, 919, 361..811
660,890,202.46
2!12r.~
--
1Y3i
January____________ --- --- - .
February._. _______________
March ••••••• -------------·
Total, fust quarser ___
Grend total __________
56, 258. 013. 03
27, 036, 398. 61
4, 630, 900, 874. 71
a, 783, 5811, 602. 74
6 4,
21, ~2, 969. 77
660,890,202.46
• 3, 122, ~.... :IS
8811, IIOO, 202. 46
I
See footnotes at end of table,
Digitized by
Google
REPORT OI<' RECO~STHUCTION l•'INANCE COHPORATION
47
6.-Amount of authorizations, disbursements, repayments and other reductions, and amounts outstanding from Feb. 2, 1932, to Mar. 31, 1938, inclusive, by
classes and months 1-Continued
TABLE
BANKS AND TRUST COMPANIES (INCLUDING RECEIVERS, LIQUIDATING AGENTS AND CONSERVATORS)
----
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
Amount of
authorizations •
Year and month
$948, 087, 000. 09
845, 509, 525. 16
455,545,860. 16
107,897, 162. 76
1932.•••••••••••••••••••••••
1933 .••. ••••••••••••••• •••••
1934 ••••••.•••••••••••••••••
1935••••••••••••••••••••••••
'
1936
Amount of repayments and other
reductions
Amount out•
standing at
end of period
$849,548,657.68
574,662, 731. 14
383, 148, 708. 22
106,561,501. 16
$256, 240, 037. 14
461,363,078.09
467, 084, 205. 12
354, 463, 458. 35
$593, 308, 620.
706. 608, 273.
622, 672, 776.
374, 770, 819.
Amount of
disbursemeats
54
59
69
50
January.•...•.•..•..••.•...
February•.••.•••...••.•...
~larch ....•.............•..
April.. ..•.......•.....•....
May ............•••..••••..
June ...•.....••••••.•.••••.
July ........•.••........••.•
August .....••.........•....
September ..•....••...•....
October ....•..........•.•..
Kovember ..•.•.••.....••..
December .••••••••••••.•••.
9, 890, 656. 74
2,706,657. 34
8,975,920.57
5, 700, 054. 09
12,520,326.14
6, 743,139.58
2, 180, 436. 95
6, 883, 654. 88
3, 186, 429. 27
3,403,467.51
2, 689, 593. 28
' 1, 696, 444. 37
4, 506, 418. 18
3,923, 147. 40
5,233, 740. 93
4,241,577.57
3,237, 178.•i3
3, 022, 009. 09
3, 767,184.83
2,824, 153. 74
3,332,214.83
4,245,262. 74
692,828.56
4, 9,9, 683. 67
27,237,262. 50
22,981.047. 50
55,347,712. 50
13,577,910.68
12,306,867.84
12,991,547.65
16,410, 165, 82
11, 918, 852. 75
13, 308.985. 43
12, 005, 546. 76
10, 673, 864. 30
12, 936, 338. 37
352, 039, 975. 18
332, 982, 075. 08
282,868,103.51
273,531, 770. 40
264, 462, 081. 09
254, 492. 542. 53
241,849,561. 54
232, 754, 862. 53
222, 778, 091. 93
215,017,807.91
205, 036, 772. 17
197,080,117.47
Total.. ...............
• 66, 576, 780. 72
44, 005, 400. 07
221, 696, 102. JO
197,080,117.47
• 3, 700, 044. 36
• 2, 527, 698. 48
June .....•....•••......••..
July ....•••••.•..•......•••.
AUl(USt ...•••.•.....•.......
September •••.•.....•••..••
October .••..•.•••••••..•.••
November ..............•..
December.•••••.•••••••••••
847,051.56
1. 053, 015. 15
1, 986, 985. 36
1, 131, 158. 00
358,338.61
503, 795. 73
10, 146, 823. 01
2,748,878. 94
1, 325, 770. 33
2,259,974.91
207,171.27
9, 125, 988. 66
10, 064, 908. 34
880,500.00
10,275,557.19
20, 273, 152. 72
5, 954, 822. 18
3, 121,252. 37
166,786.63
22, 734, 359. 14
346,694.20
253,458.81
1, 566, 712. 12
7,762,931. 79
8, 172, 603. 46
6,412,338.38
5, 855, 272. 37
3, 730, 709. 06
• 6,914,959.69
4,887,078. 75
4, 362, 860. 97
4, 402, 807. 28
• 4, 773, 852. 76
• 8, 778, 746. 51
187, 862, 260. 69
181,152,344.05
174, 966, 725. 95
169,685,545. 57
164, 188, 611. 81
160,961,698.48
164,193,561.80
162,055,361.99
159,018,271.35
156,875,438. 98
152, 308, 757. 49
152, 655, 999. 64
Total ................
71,801,038.20
31,694,951.53
76,119,069.36
152, 655, 999. 64
19, 983, 454. 70
I, 655,749.61
1,402, 707. 16
1,076,310.16
94,800.00
321,309.99
4, 372, 795. 19
3,330, 154. 12
' 2, 518, 723. 96
149,359,514.61
146, 124,160.49
143, 926, 746. 52
1937
January ...............•.•..
February ••.....•.•........
~larch .•....•...•.•........
<.pril.. .•..•••..•••.•...••..
~lay .. ·•····· •.••.......•..
1938
Jenuary •.......•..........•
February ....••............
March ...••..•••....•......
Total, first quarter •.
23,041,911.47
1, 492, 420. 15
Grand total. .••.•.•••
2, 518, 459, 278. 56
1,991,114,369.95
6
6
10, 221, 673. 27
143,926, 746 52
1,847,187,623, 43
143, 926, 746. 52
BUILDING 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
1, 678, 524. 90
$93,863. 114. 67
19, 187,440.08
1,921,537. 79
1, 469, 157. 96
1936
January....................
165,000.00 .................. .
{[~:ci•ry ............... , .......•.. '.~•.~:~.......••. ~~'.~~:~~.
April.......................
43,850.00 .................. .
~a)·....................... ...................
17,000.00
lune ...........................................•...•.............
July ........................ ··················· ········•··········
August ..•...........•................................•.••........
September.................
37,000.00 .................. .
October..•..•..................................••...............
36,000.00.
fi:::l: ················· •················ ...........
Total ............... .
39.~. 850. 00
117,Q29.52
$9, 616, 440. 07
37,196,637.09
48, 240, 98L 90
14, 112, 712. 18
$84,246,674.60
66,237,477.59
19, 918, 029. 48
7,274,475. 26
575,799.92
735,893.57
470,564.57
363,257.33
292,124.30
931,066.80
189,020.27
167,552.54
286,587.06
449,257.46
233,743.65
235,349, 72
6, 698, 675. 34
6,027, 71 I. 29
5,557, 146. 72
5, 193,889.39
4 918,765.09
3, 987, 698. 29
3, 798, 678. 02
3,631,125.48
3, 344, 5.l8. 42
2, 895, 280. 96
2,697,537.31
2,462,187.59
4,930,217.19
2, 462, 187. 59
l=•===~-~1==~•
See footnotes at end of table.
79977-38---4
Digitized by
Google
48
REPORT OF RECONSTRUCTION FINANCE CORPORATION
6.-Amount of authorizations, di,bur,ements, repayments and other reductions, and amounts outstanding from Feb. 2, 1932, to Mar. SJ, 1938, incluaive, by
classes and months 1-Continued
TABLE
J
BUILDING AKD LOAN A8BOCIATION8 (INCLUDING R.IICIIIVIIIIS)-Contlnued
Amount of
authori•
zations t
Year and month
Amount of
disbursements
Amount of repay•
ments and other
reductions
1937
January .•.....•.....•••.•....•••.••............••••••...••.•••••.
February •••.•..•..••..••...•••••......•.•...•..••••••.•..•••••••
March.....................
$321,017.93 .•••••...........••
April.......................
917,276.92
$283,384.70
May.......................
2,864.82 .••.••......•.•..•.
June.......................
60'J, 209. 58
169, 759. 82
July ........................ ·•··•······•·······
3,570.80'
$104, 132.M
161,505.88
107,000.00
137,151. 75
174,497.58
167,261.89
107,755.35
85,486.62
58,797.29
91,672.93
72,703.76
• 71,426.80
2, 196,549.17
2, 089, 548, ZI
2, 235, 781. ~
.2, 061, 283. 64
. 2, 053, 791. 57
1,949,607.02
1,864,120.40
1,805,323.11
· 1, 713, 650.18
1,640,946.42
2, 102,84M2
1, 339, 3l!3, 29
2, 102, 845. 42
59,777.63
66,888.61
45,429.68
2, 043, 067. 7V
2, 371,710.43
2,326,280. 76
Aup,,st.••••••••.•...••..••.••••.••••.••••••••••••••••••••••••••••
September .••......•...•.......•.....••......•••••.••..•••.•....•
October.......•.....•.•••.•.•••....•.•.•.•...•.•.•.••••..•.•.•.••
November .•......•.•.•.•.•......•••.....•...•.•••........•..•..•
December..................
400. 000. 00
533, 325. 80
Total. •.•...•.•......
1938
2, 243, 369. 25
980,041.12
,
January....................
1,500.00
February .•.•.................................
March •.... _...............
198, 266. 90
Total, first quarter...
199, 766. 90
395,631.25
6
6
395, 531. 25
Amountont•
standing at
end of period
$2, 358, 055. 06
172,095.92
2, 326, 280. 76
115, 608, 471. 64
2, 326, 280. 75
1====== 1=======1=======1•
0
Grand total..........
147,843,699.40
117,934,752.39
6
INSUBANCII COKPANIIIII
(Under sec. 5 of the Reconstruction Finance Corporation Act, as amended)
$68, 037 618. 92
$83, 048, 931. 66
17, 479, 935. 85
2, 254, 690. 77
67,300.00
1932•••••••.••..•..•••••••••
1933...••..•••••...•••••••••
1934.•.•••..••.•.••.••••••..
1935••..••••••••••••••••••••
$5, 688, 738. 62
19,644,414. 60
1, 835, 829. 93
1,631.31
21, 163, 735. 01
38,019,933.04
18, 561, 601. 91
1936
January .•••••••••••••••••••••.•••••••••••••••••••••••••••••••..•.
February. . . . • • • • • • .• • • •. •• • ..•••••••••••••••••••••.••••••••.•••.
March ..••..•••••••••...••••..•••.•..••••••••••••••.•••••.••••.••
$62, 448, 880. 40
60, 929, 559. 99
24, 745, 456, 88
6, 185, 586. 28
June •••••••.•••.•••...•.•••.••..••..•..••••...•••••••••••.•.•••••
July ..•............•..•...•......•....••.•...........•••.•.•••••••
August .••.•.•.•.••••••••...•••...•..••.•........•....••.•••.•..••
September._ ....•••••.•...••...•...•• ·...••••....•.••.••.•..••.••
October.•.•••....•••..••.•••...•.•...•...................••••....
November .•••..•...•.•...•..•............. · .•.....•...•••••••••.
December..................
156, 000. 00 .......•..•••.•••••
· 126, 180. 07
208,248.10
105,149.96
MO, 205. 39
26, 790,64
73,796.80
134,458.84
109,835.01
440,534.92
161,944.44
126,539.00
126,182.90
6, 060, 406. 21
6, 852. 158. 11
6,747,008. 15
6, 206, 802. 76
6, 180, 012. 22
6, 106,216.42
4,971,757.68
4, 861,922.57
4,421,387.65
4, 259, 443. 21
4, 132, 904. 21
4, 006, 721. 31
166, 000. 00 ..•••••••••••••••••
2, 178, 864. 97
4, 006, 721. 31
January.................... ........•••...•••..
130,921.66
February................... ...•..•.•.• •• •••• ••
26, 000. 00
March •••••.•••••••••••••.••.••.•....••.••••••.•.•••....•••.•••••
April. •.•••••..•.•••••••••••..••.•••••..•••••••••.•..••...•••.•••.
May •.•••.•••.•..•.•••••.•••.••..•.•...•...••.••••.•...•..•...•••
June ..•.•••••..••.•.•••••••••••••..••••••....•••.•.•.••••••••••••
July ...•.•..••.•••••••..••..••••••••••.••...••.••••••••••••••••.••
August ....•.•.•••••.•.•••••.•••••••••••.••••.....•..•••••••••.•..
September •••••••••••.•••••••..•••.•••.••••••..•.•.•.•.•.••••••••
October .•.•••••••••••••••••••••••••••••••••••..•••••.••••••••••••
November •••••••••••••••••••••••••••••••.••••.••••••••••••••••••
December••••••••••••.••••• ··············-···· ..•••.••..•••••••••
160,141.22
77,711.91
62,286.64
19,886.42
23,215.06
116,911.30
23,273.49
104,341.26
196,232.78
16,.375. 09
407,478.65
' 163, 967. 64
3, 977, 501. 75
3, 924. 789. 84
3, 862, 503. 20
3, 842, 616. 'Ill
3,819,401. 72
3, 702, 490. 42
3, 679, 216. 93
3,574,875. 68
3,378,642.00
3, 362,267.81
2, 954, 789. 16
2, 790, 821. 62
1, 371, 821. 36
2, 790, 821. SI
33,824.91
175,144.94
•20, 114.32
---• 229,084.17
2, 561,737.46
87, 113, 678. 97
2, 5111, 737. 45
u:r~===================== ::::::::::::::::::: :::::::::: ::::::::
Total. •.•••••••••••••
l======•l=====,l======I=====-
1937
Total. •••.•••••••••••••.....••..•.••••••
155,921.66
i = = = = = i======l======I=
0
1938
January ..••••••••••••••••••••••••••.•..•••••••.•...•.•.••••••••••
February •.••••..•.••.•••••••••.••••••..••••...•••.•...••....••••
March .••••••••••••••••••••••••.•••••••••.•••.••......•.....•••••
Total, first quarter ••• ·····--·-·······--· ••••.•.••.•...•....
Grand
total.----
103,006,858. 28
89,676,416. 42
I
See footnotes at end of table,
Digitized by
Google
2, 756, 998. 71
2, 581, 851. 77
-
2, 5111, 737. 45
i..
er
REPORT OF RECONSTRUCTION FINANCE CORPORATION
TABLE
49
6.-Amount of authorizations, disbursement,, repayment, and other reduc~
tiom, and amounta outatanding from Feb. 2, 193:E, to Mar. 31, 1938, incluaive, by
clama and monthr'--Continued
MOBTOJ.Uli LOA!! COKP.OCIJ:8
[Under sec. 6 or the Reconstruction Finance Corporation Act, as amended]
Amount of repay•
ments and other
reductions
Amount or
authori•
zatlons •
Amount or
disburse·
ments
$95,066,902. 61
238, 514, 020. 43
84, 110,951. 76
30, 776, 768. 77
$89, 735,422. 73
130, 073, 488. 59
73, 438, 306. 41
23, 070, 609. 21
$11,331,611.42
25, 805, 654. 43
92,508,755.42
56,017,317.60
$78, 403, 811. 81
182,671,645. 47
163,601, 196. .e
130, 654,488. 07
l, 283, 674. 16
IH0, 134. 25
June •••.••••••••••••••••••.
July ..••••••••••••••••••.••
August•••••••••••••••• •• •••
September ••••• •••• ••• ••...
October .••••••••••••••••••.
November .••••••••••••••.•
December •.••••••• • • ••••••.
206,665.08
1,941,320. 64
1,031 , 818.79
4, 230, 344. ll8
9,879,987. 48
l, 658, 000. 00
149,530.25
13, m, 824. 99
373,148.94
7,170,031.82
6,153,009. 27
1, 150, 652. 96
1, 649, 694. 49
2,419,874.64
4,815,285. 36
1, 064. 598. 97
4, 006, 599. 19
6,811,639.68
1,840,819.44
2, 634, 599. 29
2, 510, 380. 20
9, 273, 909. 60
2, 625, 409. 39
2, 285, 284. 41
2, 503, 056. 74
1,901,814. 49
3, 442, 217. 05
4,784,399. 26
2, 780, 544. 50
2, 145, 681. 04
2, 483, 443. 38
3, 397, 321. 30
3, 523, 894. 83
5, 727, 358. 34
129, 412,762. 84
128, 037,602.68
127, 184, 240. 43
127, 702, 300. 58
129,075, 3b8. 89
125,355, 568. 60
127,181,623. 29
131,847,581.93
131,204,957. 99
130, 442, 236. 08
129, 4211, 7?1. 36
132, 975, 272. tit
Total •••••••••.• ' ••••
46, C26, 335. 20
39,821, 209. 27
Year and month
1932.. ••••••••••••• •••••••••
11133 ••••••••••••••• • •• •• ••••
19:!L ••••••••••••••• • ••••••
19:!L••••••••••••••••••••••
UM
JanUll'J'••••••••••••••••••••
February ••••••••••••••••••
Marro •••••••••• •••••••••••
April.-•••••••• • ••••••••..
May •••••••••••••••••••••••
1937
January•.••.•••••••••••••••
February •..•••••••••••••.•
April ..•••••.•••••••••••••..
May ..•••.•.•••••••••••••.•
June .•••..•••••••••••••••••
July....•..••••••••••••••••
August•••• ••••• ••. •••••••.•
September.•..•.••••.•.••••
October.•••••••••••••••••••
November •....••••••••••.•
December•••••••••••••• ••.•
Total .••••••••• ••••••
3,166,608.88
3,538,647.09
295,000.00
' 1, 115, 73.5. 38
1,907,177.91
3, 442, 373. 34
6, 029, 879. 26
13, 395, 677. 12
67,905. 58
1,675,000.00
15,000,000. 00
MlllCh .• •••••••••••• • •••• ••
37, 500, 424. 73
--132, 975, 272. 61
4,064, 6611. 08
2, 985, 573. 40
4, 756, 738. 14
3,826, 115. 36
5, 306, 521. 62
5,023,947.89
3,870,517.80
4,577,521. l9
3, 833, 035. ~
• 6, 691, 720.
7, 350, 040. 05
3, 967, 348. 68
2, 372,443.81
5, 590, 503. 30
4, 052, 643. 09
• 3,025,413.90
• 4,409,215.91
• 2,851,643.22
• 2, 445, 165. 41
132,077, 21ft. 41
131, 782, 826. 69
128, 232, 271. 93
123,861 ,833. 73
122, 449, 568. 04
123,062,697.63
122, 228, 932.
122,002,404. 7(
124,283,512. 46
124, 898, 244. 44
125,917,119.02
128, 049, 474. 80
43,413,336.46
45,728,042.41
60, 053, 840. 22
128,049,474.80
15, 439, 402. 99
353,571.67
15,000.00
3,217,359.57
3, 994, I 49. 4~
2, 352, 708. Z,
2,667,190.81
1,924,997. 91
' 1, 549, 723. 08
128, 599, 643. 56
l 30, 668, 795. 10
131,471,780.29
9,564,217.29
'6,141,911.80
131,471,780.29
411,431,295.91
' 279, 959, 515. 62
131,471, 780. 29
3, 141, 166. 30
2, 979, 601. 85
2, 555, 082. 89
---- ----- -- -------------------------l, 484, 587. 87
-
-
Amount out•
standing at
end or period
•1
1938
r:l~··················
Total, first quarter ...
15, 808, 034. 66
Grand total ••••••••.•
~53. 716, 349. 89
I
Ca&DlT UNIONS
[Under aeo. 6 of the Reconstruction Finance Corporation Act, a~ amended]
1932••••••••••••••••••••••••
1933..•••••••••..•••••.•••••
$472,446.00
148,555.00
1,966.80
20,000.00
$440, 098. 00
$8,838.00
57,551.20
129,007.29
76,629.14
$431,200. 00
512, 498. 21
385,457. 72
328,070. ltl
~l;
~~: ~
Utm: m:~ii3: til~
July........................ .••.•••••••••. •.•.. ..•.•..•.••••••••.•
August..................... ••.••••••••••••••.. .•......••.•••. •. ••
September.. ... . • • • •• •••• .• . • . • . . • • • • • • • • • • • . . . . . . . . • • • •• • • • • • • • .
::
1
•
8,810. oo
150. 00
1,256. 77
3, 735. 00
~~;~··········::::::: ::::::::::::::::::: :::::::::::::::::::
~:it~
~}:i: E
1934 •••••••••.••.•••••••.•••
19.15.••••••••••.•.•••.••••••
138,789. 41
1,966.80
19,241.58
11136
1
~~~:::::::::::::::::: ::::::::::::::::::: :::::::::::::::::::
~:;1-·::::::::::::::::::::: ::::::::::::::::::: :::::::::::::::::::
June....................... ..•................ ........ ....... ....
300,650. 16
300,500.16
299,243.39
295, 508 39
--·-----1--------1-----38, 416. 77
28\l, 653. 39
Total... •••• ••••••... . ... . ..•... .. .. . . . . . . . . . . . . . . . . . . . • . . .
Digitized by
Google
50
REPORT OF RECONSTRUCTION FINANCE CORPORATION
6.-Amount of authorizations, disbursements, repayments and other redw:tions, and amounts outstanding from Feb. 2, 1932, to Mar. 31, 1938, inclusive, by
classes and months '-Continued
TABLE
CREDIT UNIONS-Continued
Year and month
Amount of
authorizations
Amount of
disbursements
2
Amount of repayments and other
reductions
1937
January _______________________________________ ------------------February__________________ ___________ ________ ___________________
March_____________________ _______ __ __ __ ______ _________ _________ _
April.. ________________________________________ ------------------May----------------------- ___________________ ------------------June_______________________ ___________________ ___________________
July
________ ---------------- ---------- _------- __
August_____________________
_____ ---____________
__ ---------_____ _____ __
_________
September. ____________________________________ ·------- _________ _
October____________________ _______ ____ ______ __ _____ ______ ___ _____
November_________________ ____________ ___ ____ _________ __________
December __________________ ------------------- -------------------
Amount outstanding at
end of period
$5,625.00
30,-800. 00
$284,028. :iii
7,575.00
32,430.00
5,115.00
15,725.00
10,525.00
2,975.00
725. 00
425. 00
253,228.31
225,951.58
218,3i6. 58
185,940.58
180,831.58
165,106.58
154,581.58
151,606.58
150,881.58
150,456.58
149,481.58
140,171.81
149,481.58
4,844.00
500. 00
• 2,075.00
144, 63,. 58
144, 13i. 58
142,062.58
• 7, 41!1. 00
142,062.58
• 458, 033. 21
142,062.58
. 27,276.81
• g75-oo ,______
_______,________
Total ________________ ----------·----------------•---------1938
January _________________________________________________________
_
February ________________________________________ ------ ______ ---March _______________________ ------ ___________ ------ ------ ------ _
Total, first quarter ___ --··-··-·-·-····--- __________________ _
Grand total_ ________ _
$600, 095. 79
$642, 967. 80
FEDERAL LAND BANKS
[Under sec. 5 or the Reconstruction Finance Corporation Act, as amended]
1932_____________ ___________
$29, or.o, ooo. oo
$18,500, ooo. oo ___________________ _
1933________________________
145,518,000.00
123,618,000.00 -------------------6 225, 118,000. 00
1 245,118,000.00
1 $308,780,601. 29
1934 ____ -- ---- _--- ---------1935 _________________________ ------- ---- --- -- -- ----- ---- --------- _
33,624,481. 80
1936
January _________________________________________________________
_
February
__________________ ------------------- -------------------_
March
__________________________________________________________
April.. __________________________________________________ . _______ _
May ____________________________________________________________ _
June ____________________________________________________________ _
July _____________________________________________________________ _
August ________________________________________ . -------- ---- -----September _________________ . - --------- ________ . ----- ____ ; ______ -October ______________________ -- --------- __ -- -- -- -- -- ---- -- ------November ____________________________________ - ----------------December __________________ ------------------- -------------------
Total. _______________ --·----------------- --------- ----------
$18, 500, 000. 00
14?, 118, 000. 00
78. 455, 398. 71
44,830,916.91
9, 150, 893. 58
545,763.60
483,258.26
372,380.06
421,000.47
408, 872. OIi
557,786.83
759,356.07
1,376,050.91
2, 905, 139. 34
314,202.05
2,867,814.96
35, 680, OZ!. 33
35, 134, 259. 73
34, 651, 001. 47
34, 278, 621. 42
33, 857, 620. 95
33,448,748.86
32, 890, 962. 03
32, 131, 605. 96
30, 755, 555. 05
27,850,415. ii
27,536,213.156
24, 668, 398. iO
20, 162, 518. 21
24, M'!; 398. 70
January____________________ _________________ __ ___________________
February _____________________________________ . __________________
March_____________________ ___________________ ___________________
2,030,964.39
557,934.80
7,612,066.02
tr:;1-:::::::::::::::::::::: ::::::::::::::::::: :::::::::::::::::::
1::~~: ~~
22, 637,434.31
22, 079, 499. 51
14,467,433.411
14, 308, 660. 87
13, 852, 155. 10
13, 707, 874. 63
13,575,521.80
13, 265. 459. 63
13. 152, 310. 89
1937
June_______________________ ___________________ ___________________
144,280.47
July
________ ---------------- --- --- _-------- --- -------- ___ ------132,352.83
August_____________________
___________________
___________________
310,062.17
September_________________ ___________________ ___________________
113,148.74
October__________________________________________________________
158,416.19
12,993,894.70
November_________________ ___________________ ___________________
712,874.53
12,281,000.17
December _____________________________________ -------------------, _ _ _,_7_13-',_05_5_._oo_, ___11,567,965.17
...:_....:._ _
Tota!_ _______________ -------------------------------------13,100,433.53
11,567.965. 17
1938
January________ -- - --------- -- . --- ----- -- -- ---- - -- ---- - ---- ------
February_------------------ --- --------- ----- ---- --- ---- --------_
• March··
_________________________________________________________
TMl>l, ftrst quarw___ ___________________ ___________________
Onaototat__________
•M;IM,000.00
I
•387,298,000.0lt
I
11,437,589.33
7,785,467.96
7, ffa), 925. 99
• 264, MUl7 1---'---'-'--• 4,947,039.18
7, 520, 925. 99
130. 37&. 84
3, ft&2, 121. 37
H3ff.-715,074.0l
See footnotes at end of table.
Digitized by
Google
7,520,Q25.99
._
,,
C
,,
REPORT OF RECONSTRCCTION FINANCE CORPORATION
51
6.-Amount of authorizations, disbursements, repayments and other reductions, and amounts outstanding from Feb. 2, 1932, to Mar. 31, 1938, inclusive, by
classes and months 1-Continued
TABLE
JOINT·8TOCB: LAND BANKS
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
Year and month
Amount of
disburse·
Amount of
autbori•
zations 1
Amount of repay.
ments and other
reductions
ments
$2, 527, 845. 62
1932.• ·--···················
$6. 297,000.00
1933 ••••• ·•·•·•···••••·· •• ••
14, 806, 172. 68
1934•...•.•.•..•..••....•••• ············---·--1935..... •.• ..•• ..•• •. .. .. ••
202, 400. 00
12,420,274. 14
711,252.53
150. 000.00
Amount out•
standing at
end of period
$62,544.32
744,537.17
8, 3R5, 785. 56
4, 397, 686. 08
$2,465,301.30
14,141,038.27
6, 486, 505. 24
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
85,231.65
137,004.40
35,673.53
1, 405, 144. 97
2, 100, 031. 36
1, 991, 628. 24
1, 903, 427. 21
1,614,801.06
1,582, 198. 10
1, 422, 848. 66
1, 488, 970. 77
1, 421, 250. 22
1, 391, 583. 77
1, 306, 352. 12
1,169,347. 72
1,722, 174.19
61,008.81
25,718.33
18,085.62
35,052.33
70,779.32
145,774.78
73,653.93
64,486.64
111,566.29
168,196.61
166,292.54
• 44,800.51
985,915. 71
1, 660, 665. 38
1,634,947.05
1. 959, 949. 28
2, 789, 794. 28
2. 719,014.96
2, 573, 240. 18
2, 499, 586. 25
2, 435, 099. 61
2,337,297.23
2, 229, 100. 62
2, 062, 808. 08
2, 018, 007. 57
1936
January.................... ..................................... .
February ......•.•.••.•..•..•.•.•••••••.•.••..••..•...•••......•.
March ••.•.....•....•....•...•.••.••••...•........••...••......•.
tr:;.1..~:: :: :::::::::::::: :: :::: :: :: :: ::::: :::: ::----·-·--·::::::::::.......
:::::::.
June .......•....••••.•............•... ________
July ___ ••..•.....•..•..••.•
300,000.00
August._ ..•....•...•..••.•.• -···········--·-September ••••••..•••.•.......•..... __________
October....................
1,100,000.00
November.................
600,000.00
December..................
60,000.00
Total................
2,060.000. 00
300,000.00
..•..•. -······-····
.••...••••••••••.•.
-·-·········--·····
-·-·····--·-------588,600.00
888,600.00
1,722,174.19
1937
January.....••.•••..........•••.....••••.•..•...••.••••..........
February._ ••••••••..••••••••..•.•............ ········-···----- -March.....................
376,000.00
343,087.85
tr:;.1.. ....
0 •••••••••••••••• • • • • • • • • • • • • • • • • • • • • • • • • • • • 864,897.
33_
June .•.•...••.•..•.•••••.•.••..•• _.•.••.•••.......•. _........•...
July. - •.......•...•..•.... - -- -·· •..•.•• -•...••..••••........ -..• August .....•.••••.......••..•.••••..•.....••...•••••.•...........
September................. ••.••..••••..••••••
13,763.91
October.................... ••.••••.•••••••••••
60,000.00
November ••...••••..•••... ···········--···--- •••••••.••..••••••.
December..................
480,000.00 ··-············--··
Total................
856,000.00
1,281,749.09
2, 018, 007. 67
1938
January....................
February--················
40,805.10
1,800,000.00
60,000.00
74,024.91
650,000.00
1,758,993.46
I 48,625.28
1,225,000.00
232,236.46
Total, first quarter •• _l---:3c-,"""67cc5-,ooo=.-=oo-c-l---:2,-:0-::5-,-1,-=229-=-.792=-l·---:-=--:-=-c-l' 163,455.29
2, 037, 202. 47
3, 722, 171. 02
3, 905, 782. 20
Grand total ••••••••••
3, 905, 782. 20
March.....................
27,896,572.68
20,030,851.30
I 16, 125, 069. 10
3. 905, 782. 20
FEDERAL INTBRl!lllDIATE CREDIT BANKS
[Under sec. 6 of the Reconstruction Finance Corporation Act, as amended]
1933
•• Grand total •••••••••• 1
$9, 260. 000. 00
9, 260, 000. 00
I
$9. 250, 000. 00
9, 250, 000. 00
I
$0, 250,000.00
1-·-·····-··-······
9,250,000.00 •••···••·•·····•••
AGRICULTURAL CREDIT CORPORATIONS
[Under sec. 6 of the Reconstruction Finance Corporation Act, as amended]
1=:::::
:::::::::::::::::::'
lllM •.••••.•••••.••••••..•.•
1935••.••• ••••·•·•·••••• ....
$3, 619, 850. 98
$3, 456, 627. 33
1, 959, 634. 31
433,894.35
26,760.67
1, 729,0ll.24
350,491.70
26,760.67
$1,082,310.40
2,412,027.46
1, 178, 419. 58
130,196.58
$2, 374, 316. 93
1, 691, 300. 71
863,372.83
759,936.92
~: ~: gg
100,000.00
701,300.02
681,300.02
581,300.02
579,300.02
479,300.02
379,289.06
147,789.06
147,789.06
147,789.06
1936
ti,.~·::::::::::::::::::::::
::::::::::::::::::: :::::::::::::::::::
July••.•.••.•.....•.••••••.••••••••••••••...... ····••••····•·•••··
August..................... ••••••••••••..•.••. ...•••...•••......•
September•.•..•.••.•.••••••••••••••••••.••.••
October.................... ...•.••••••.•.•.••.
November ..•••••••••••••.• ·········-·---···-December..................
50,000.00
Total •• ·•• ·••••••••••
50,000.00
2,000.00
100,000.00
100,010.97
231,600.00
..•••.•....••••••...•.•••••••...•.... __
···············-·-,
.....•......••••...
.•...•....••.••••..
--·-·······-----·--
612,147.87
Bee footnotes at end or table.
Digitized by
Google
52
REPORT OF RECONSTRUCTION FINANCE CORPORATION
6.-Amount of authorizations, disburaement8, repayment8 and other reductions, and amounts outstanding from Feb. 2, 1932, to Mar. 31, 1938, inclu.Bife, by
classes and months 1-Continued.
TABLE
AORICUl.TURAL CREDIT Co'Rl'Ol!ATION!t-Contlnued
.Amount of
authori•
zations •
Year and month
1937
January.................... ..•.•••.••...••..•.
February.................. •..••••••.....•....
March.....................
$30,727.28
April....................... ..•.•.•.•.•.. .•••••
May....................... .•. .....•.•.•...•..
July ...•...•.•..•.••.•.......•....•...•........
August..................... ..........•........
September................. ...•....•.•........
October.......................................
December.................. .....•.............
Total................
30, 727. 28
Amount of repayments and other
reductions
Amount of
disburse•
ments
.Amount out•
standing at
end of period
.••.•.••..•••..••.•
••.••••.•• .••••••••
$27. 30
3, liOO. 00
•••••••••.•.•..••••
· 99,989.03
$72,921.32 ••••••••••••.•••.•.•
7,805.96 .••••••••.•.••......
••·••··••··•·······
...•......•.....•..
.•.........•.•.....
.•...•••••..•..••.•
.•.•••...•...•.•...
$147,761.75
144,261.75
44,272.72
117,194.04
125,000.00
124, 2l!O.OO
124,237.70
112,631.48
98,626.78
96, 840_,lg
720. 00
42. 30
11,606.22
14,004.70
1,786.19
131, 675. U
80, 727. 28
96,840.M
1938
January.................... .••..••.••...•..••• .•.•.•...•••...••.•
6,385.38
90,455.21
March .••.•.•..•..•...•••••......•............ _.._._
.._._.._._._
.._._
.._._
•._._, _ _ _ _•_1,_9_62_._1_4_, _ _ _ _88_,_4_93_.!11_
Total, first quarter... .•.....•........... ....... ............
• 8,347.52
88,493.07
Grand total. •..•..•..
6, 120, 867. 59
88, 4!13.!11
• 5, 555, 125. 15
~. 643, 618. 22
REGIONAL AGRICULTURAL CREDIT CORPORATIONS (REDIBCOUNTS)
[Under sec.
5 of the
Reconstruction Finance Corporation Act, as amended]
1932...••..•...•••••••••••••
1933 ....•••••••••••••.••.•••
1934 .•. •••••••·•· .••.•.••.••
$7, 285, 972. 50
153, 386, 252. 64
18, 168, 227. 34
$5, 372, 062. 60
H9, 782, 151. 12
18, 089, 427. 00
$665.03
125, 268, 410. 43
47, 974, 575. 26
Grand total ••••••••..
178, 840, 452. 48
173, 243, 640. 72
173, 243, 640. 72
$5, 371,407.57
29, 885, 148.211
-----·-----------·
---·--------------
LIVESTOCK CREDIT 00BPOBATION8
[Under sec. 5 of the Reconstruction Finance Corporation A.ct,
as amended]
1932........................
$13,145,602.85
$11,810,403.61
$4, 062, 258. 82
11133........................
871,300.00
658,329.44
6, 081, 544. 24
1g34........................
210, 559. 15
218, 999. 76
1, 340, 809. 37
602,308.68
1935•..•.•••••••.•••.•••••.• 1===283=•=865=.88=!===2=83=•=865=.88=ll=======h
$7, 748, 144. 7Y
2, 324, 929. 911
1, 203, 120. 38
884,677.M
1936
January .•••••••.•••••••••••.•••••••••••••••••.•••.•••••.•••••••••
11,093.00
3,,02. os
11,506.06
3,736.60
8,424.53
27,724.12
89,134.54
9,851.34
16,277.20
91,732.38
125,592.76
216,87-l.9'
595,349.61
ii!':c~ry :::::::::::::::::: ::::::::::::::::::: :::::: · ::::::::::::
tf:t·:::::::::::::::
::::::: ::::::::::::::::::: ::::::::::::: ::::::
June ...•.•....•..•.••...•.....••••...••.••••...••••••...•••••••••
July .....• ·•·•••·••• ••••••..•••••.•...•••••••••.•.•••.••.•.•••••••
AUllUBt ..•. ·•••••· ••••.•••.••••.•.•..•.••••.••..•.•. ••••·• ·••··••·
September •••••••••.•••••..•.•••••••.•••••••••.•.••.•.•.•..•.••.•
October ..••••••••••••.••••••••••••••••••.••••••••••••••••••••••••
November •••••.•...•.•.•••••.••.•••.•••••.....••.••••••.••••••••
December ..•••••.•.••..•••.•..•..•....•.......•..••••••........•
Total •.•••.•••••••..•....•••••.•.•.••••• ••·••••·•••••••·•··
873,1584.M
870,182.53
858,676.(7
854,939.87
846,615.34
818,791.22
749,656.68
739,805.34
723,528.14
631,795.76
506,203.01
289,328.!11
289,328.07
1937
January .•.•••.••••...•••.•.•••••••••••••••••••.•••••••••••••••.••
February ••••••••.•.•.•••••.••.••••••••••••••••••••••••••••••••••
March •••••••••••••••.•.•..•••••••••••.•.•...••••••••••••••••••.•
~. 753.88
12,489.38
15,250.00
1,771.23
2,400.00
15,000.00
19,366.47
26,330.00
12,188.00
82,779.11
60,000.00
289,328.07
tfa1:·:::::::::::::::::::: :: ::::::::::::::::::: :::::::::::::::::::
June •••••..••••••••••••••••..••••••••••••••••••••••.•••••••.••••.
July •••• -· .•••••••• ··---· .•.• ·····--···-···--· ··--··--··-··-·····
August•••••••••••••••••••..•••••••••••.•.•••••.••••••••••••••••••
October.•••••••.•••.•••••..•••••••••••.•••.••••••••••••••.•••••••
November .•••••.••••••••••.•.•••••.•.•....•..•.••.•••.•...•••••
December••.••••.•.••••••••..•..•.•....•..•••... _•.•........•••.•
Total. •••.••••••••••..••.•..•..•.•••.••. ·••••·•••••••••·•••
Grand total._ .•.••• _.
14, 511, 327. 88
12. g71, 008. 69
12, 971, 598. 69
247,fi7l W
1135,08l81
219, 83'-81
218,063.M
215,663.M
200,663.M
181, 'J1¥1. ll
154,967.11
142,779.11
60,000.00
-·--------------------------------·
----·-----·-------
Bee footnotes at end of table.
Digitized by
Google
REPORT OF RECONSTRUUTION FINANCE CORPORATION
53
6.-Amount of authorizations, disbursements, repayments and other reductiom, and amounts outstanding from Feb. 2, 1932, to Mar. 31, 1938, inclusive, by
classes and months '--Continued.
TABLE
RAILBOADS (INCLUDING RECEIVERS AND TBUBTJ:118)
[Under l!eC. 6 of the Reconstruction Finance Corporation Am;, as amended]
Amount of
authori•
mtions 2
Year and month
$337, 435, 093. 00
1932......••••.•••••••...•..
74,410,585.00
1933 ...•.•. ··•·••• •..•...••.
46, 010, 402. 00
1934.. .•••.••••.•••...••....
1935•.••••••.•••••••.•••••.... 36,519, 648. 00
Amount of
disbursements
Amount of repay•
meuts and other
reductions
Amount out•
standin~ at
end of period
$284,311,271.48
109,782,987. 01
53, 189,013.62
39, 933, 552. 00
$11, 839, 562. 71
45,088,570.37
13,461,271.32
20,577, 558. 81
$272, 471, 708. 77
337, 166,125.41
376, 893, 867. 71
396, 249, 860. 90
50,000.00
1, 650, 000. 00
5, 929, 000. 00
3,040, 748. 00
94. 000. 00
8, 2.52. 667. 00
150,000.00
800,000.00
8, 183, 000. 00
940,000.00
920,000.00
2,587,892.52
5, 063, 329. 75
959,142.31
1, 000, 826. 28
4, 180, 699. 09
4,689,664.97
45,843, ss1. oa
i22, 288. 47
1,807,974.08
3, 656, 849. 98
9, 569, 278. 98
99,620.00
393,711,968.38
390, 198, 638. 63
389, 239, 496. 32
394, 167,670. 04
393,027, 718. 95
388, 432, 053. 98
350, 840, 839. 95
350, 21)8, 55 I. 48
349, 260, 577. 40
353, 786,727.42
345, 157, 448. 44
345, 977, 828. 44
29. 909,415.00
80, 181,447.46
345, 977, 828. 44
478,106.00
126,500.00
5, 006, 000. 00
5.18, 400. 77
30,667.42
478. 301. 31
2,387,813.42
77,028. 73
578,857.61
352,662.63
24,944.82
5,000.00
34.5. 499, 722. 44
345, 373, 222. 44
340, 367, 222. 44
344, 828, 821. 67
344, 798, 154. 25
354,319,852.94
35 I. 932, 039. 52
351,855,010. 79
356, 276, I 53. 18
3o5, 923, 490. 55
35.5, 898, 54.'i. 73
3M, 893, 545. 73
1936
January....................
6,000,000.00
February •••..•••••.•.•.•....••...•......... _.
March.....................
99,422,400.00
April.......................
16, 148. 667. 00
100,000.00
7,000.00
150, 000. 00
8, 176,000.00
September •••••••••••.•••••.••••••............
October....................
140, 000. 00
"Jnvember ••••••••••••.•••••••••••.•..........
December .•••••••••••...••....••.•.•..........
May.......................
June.......................
July........................
August.....................
Total................
1937
129,144,067.00
l=====,l======l======I=
January....................
6,000,000.00 ...•••...•...•..•..
February ..••..••••.•.••.•••••.•.•..•....•.......•.•....•.....•..
March .•.••..•..•...•.•.••.••••••......•.•.....•...•.............
April.......................
(')
5,000,000.00
May.......................
10,000,000.00 ••...•.............
June....................... .••..•.......••....
10,000,000.00
July ......•..•..••.•.•....••..........•.........•..•.....•.•.•••..
August.....................
5, 000, 000. 00 ....••.............
i•J~b~rber .••....••..•••.•• ··•··•·• ··-·······- .••••• 5,000,000.00.
Novemher ..••.........•••.•••..•.....••.•••......••.....•..••.• ·
Deoomber.•.•••...•••••.•••.••••.....•.•..................••.....
Total.... . . . .. . . • •• •.
1938
January
~;uch•ry············:·····
Total, first quarter...
Grand total..........
20, 000, 000. 00
20, 000, 000. 00
10, 084, 282. 71
355, 893, 545, 73
6, 000, 000. 00
2,000,000.00
5, 533, 000. 00
3, 000, 000. 00
4,000,000.00
6, 533, 000. 00
677,121.50
265, li2. 72
I 13,533.48
3~. 216, 424, 23
361,951,251.51
368,470,718.03
l=====,l======l======I=
1--------1-------1--------~13,533.000. 00
13,533,000.00
' 955. 827. 70
•!
368, 470, 718. 03
l======,1======0 1=======1,=
657, 052, 795. 00
550, 659, 239. 11
368, 470. 718. 03
' 182, 188, 521. 08
l'BOCESSOBS, OB DISTBIBUTOBS 8UB1ECT '!0 l'BOCESSINO T A.XES
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
1933........................
$21,733.69
fT, 333. 69 · · · · · · · · · · · · · · · · · · · ·333.
~ 69
•
1i~::::···················· •.........4,355.58. ·•··••··•• 7,384.37.
Grand total..........
26,089.27
14,718.06
$lt :~-: •••·••••·· l, 467, 68
14,718.06 •••••••••••.••.•.•
See footnotes at end of table.
Digitized by
Google
54
REPORT OF RECONSTRUCTION FINANCE CORPORATION
6.-Amount of authorizations, disbursements, repayments and other reductions, and amounts outstanding from Feb. 2, 1932, to Mar. 31, 1938, inclusive, by
·'-:isses and months 1-Continued
TABLE
STATE FUNDS CREATED FOR THE PURPOSE OF INSURING REPAYMENT OF DEPOSITS OF PUBUC MONEYS
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended)
Amount of
authori-
Year and month
zations
Amount of
disbursements
2
$5,887,715.88
2, WO, 000. 00
2. 400, 000. 00
1
9~3----·------------------1934 ____ ·--·---------------1935 _____ .•...•...•.........
Amount of repay•
ments and other
reductions
$5,887,715.88
2, r.oo, ooo. oo
2,376,915.30
Amount outstanding at
end of period
$74, 750. 14
7, 834, 388. 79
2, 182, 115. 78
$5, 812. 965. 71
478, 5;K, 95
673, 3i6. 41
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
253,603.211
2, 397, 015. OJ
2, 351, i39. i7
2, 019, 687. 98
1, 868, 641. 72
1, 809. 329. 38
1,427.675. n
1,295,915.08
1,228,375.911
1936
January-····-·······-·---·2,300,000.00 .. ---·-·- _____ --· __
February_.--··---·---·--·- ·-----·-----------·
2,300,000.00
March·---····-············ ................... ····-··············
April.. .•...•.•................................ ···················
MaY·-·-···-··••·-········· ·········-········· ··········-········
June ........ ·-···········-· ..................................... .
July····•··-················ ..................................... .
August. .•..••••............................... ····-··············
September .•.....................................................
October····-··-··-···· ..... -··· ................. ··-······ ....... .
Total.. .. -········-··
2,300,000.00
2,300,000.00
13,087,715.88
13,064,631. 18
2,973,376.47
1======1====== 1=======1,=====
0
Grand total.. .. ·····-
13,064,631.18
BORROWERS ENGAGED IN THE FISIDNG INDUSTRY
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended)
$119,500.00
589,400 00
1934 .•... _.... ·- ... ·-·· •..•.
1935 __ ·····-···· ·•········ ..
$25,000.00
$25,000.00
549, 869. 77
$2, Ii()(), 00
5,750.00
18,500.00
6,833.32
572,369.77
1936
January.................... ..•................
February.....................................
tf:r .....................
~:::8
-····-·•·25. 000. oo- ··-·-···· 13.sso_ 23·
June.·····-··-··-········-·
2,000.00 ······---•-··••····
80. 00
July····-··-···•············ ·•·······-········20,000.00
761. 11
August .... ·-··-····-······1,200.00 ·--··-···········-•
2, liOO. 00
September ................. ······-···· ........
1,200.00 ..••••••••..•...••••
November....................................
8,000.00
78,488.88
December.•.......•...•.... ··-················ ..•.....•....•••...
5,950.00
Total .•.•............
28,200.00
67,330.23
578,llQ.77
589. 786.45
589,536.45
602,916.68
602. 836. 68
622,075.51
619,575.51
620,775.57
550,286.69
544,336.69
95,363.31
544,336.09
13,500.00
3,000.00
2,000.00
1,620.00
6,153.35
2,619.99
1,724.99
1,351.66
5,000.00
600.00
·101, 840. 20
310.00
532,836.69
529,836. Iii
537,711.69
1937
January.•·-····-·-········•
56,000.00
2,000.00
February .•.•.•..•.......•. ··-···············- •.•.•••••.•........
March..................... ..... .••.•.. .•. ....
9,875.00
April. ......••.• ·-·········· ······•·-··········
30,000.00
May···········-·················-············
20,000.00
June ...... ---·-············
15,000.00 ···-········-······
July........................ ........•..........
15,000.00
August.....................
2,300.00 ...••....•.•.......
September •••........•.•.. _ ·········•··--·····
300. 00
October •..•.•........ ··-·-· ...•.••.... ··--··-- ·-· .. ·····--·······
November.·-··········--······-·············-·-·-········-·-····
December ••.•.• ·--·--··-··· •.....•.....•....•. ···········--·-·--·
Total._ .. ·--·-·------
72, 300. 00
139,720.19
77, 175. 00
566,091. 5g
579,938.34
577,318.35
590, 593,36
589,241.70
584,Ml.70
583, '141. 70
482, 101.rio
481,Nl.00
481, 791,r,o
1 = = = = = 1======1======1=====
0
1938
670. 92
1,770.00
• 3,675.00
481. l:x). 58
479. 350. 58
475,675.58
• 6,115.92
475,675.58
• 243,699.42
475,675.58
January.. ·-·•-···-··-------············-·--·--·---·-··········--·
February •• ···-···--······- ................•.. ··-·········--·····
March.·-···--·-········--·
300. 00 ····-··········-···
Total, f!rst quarter...
300. oo ···············-·-·
1====== 1=======1=======1,=====
0
Grand total·-·-·-----
I
809,700.00
719,375.00
See footnotes at end of table.
Digitized by
Google
REPORT OF RECONSTRUCTION FINANCE CORPORATION
55
6.-Amount of q,uthori:zations, disbursements, repayments and other reductions, and amounts outstanding from Feb. 2, 1932, to Mar. 31, 1938, inclusive, by
classes and months 1-Continued
TABLE
TOTAL, SEC. 15c OF THE RECONSTRUCTION FINANCE CORPORATION ACT, AS
AMENDED
AmQUnt or
authori-
Year and month
1935 ____ ·-------------------
zations
Amount of
disbursements
2
$10, 000, 000. 00
$10,000,000.00
Amount of repayments and other
reductions
Amount outstanding at
end of period
--------------------
$10, 000, 000. 00
1=~===•1===~==1======1=====
lll36
10, 000, 000. 00
10, 000, 000. 00 -------------------20, 000, 000. 00
1, 250, 000. 00 ,_______
t~t_:::::::::::::::::::: ._______
20, ooo. 000.
_______ _____
_00
------------------- ,-------------------,,
TotaJ __________ ---···
lll37
11. 250, 000. 00
I(\,
000, 000. 00
--------------------
20, 000, 000. 00
i======,l=======l=======I======
______ _______ ________ ______
5. 000, 000. 00 ,
5, 000, 000. 00 ,-------------------25, 000, 000. 00
March .• _. ___ -- -- -- --- - ---- ._
Total _______________ _
5, 000, 000. 00
5, 000, 000. 00 -------------------25, 000, 000. 00
i======,l=======l=======i======
1938
11, 000, 000. 00
(•)
36, 000, 000. 00
February_----------·------ ._ 11, 000, 000. 00 ,
,,
______
Total, first quart.er_._
11, 000, 000. 00
11. 000, 000. 00
(')
36, 000, 000. 00
1=======1=======1======
Grand tot81 _________ _1======
37, 250, 000. 00
36. 000, 000. 00
(')
36, 000, 000. 00
0
TOTAL, SEC. 5d OF THE RECONSTRUCTION FINANCE CORPORATION ACT, AS
AMENDED
[Direct loans to indnstrial or commercial business, Including participations]
$28, 542, 535. 00
73, 036, 415. 22
$6, 742, 780. 11
35, 677, 235. 72
$116, 678. 79
2,477,867.27
$6, 626, 101. 32
39, 825, 469. 77
~ft~:r~~:::::::::::::::::
November ••••••••• _•••••••
December••••.•••.. ·-···-··
4, 704, 350. 00
4, 402, 622. 20
3, 150, 210. 69
3, !)56, 798. 11
2, 746, 600. 00
4, 180, 382. 55
4, 536, 439. 97
5, 743,709.02
1,934,860. 42
3, 321, 682. 14
1,129,525.00
3, 486, 569. 23
4, 211, 959. 39
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
850,885.02
581,149.83
584,498.25
837,442.52
613,876.16
981,627.80
1,099, 980. 61
1,173,068.80
43, 633, 499. 68
46, 308, 919. 12
48, 208, 805. 73
50, lll, 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
Total.. ••.•.•••••..•••
42,393, i49. 33
32,293,553.53
8, 755, 822. 90
63,363,200.40
~ovember _. ·····-··· ···- ..
ecember••..•..•• -·· ••..•.
3, 509, 182. 94
2,061, 681. 21
2,128,978. 78
1,414. 689.14
1,418,700.00
1, 751, 575. 00
• 3, 121, 500. 00
985,750.00
422,500.00
690,833.32
• 1,574,916.66
604,599.96
1,032,814.08
1, 764, 903. 18
1,081, 332. 00
5,031, 263. 62
2, 469, 123. 55
1, 921, 595. 97
1, 444, 720. 37
2, 516, 504. 71
1, 120, 295. 07
1, 294, 922. 16
573,745.86
I 3, 014, 526. 64
1, 443, 228. 13
1,151,487.31
1, 272, 052. 90
795,322.68
667,223.64
868,288.56
834,873.65
993,413.58
704, 755, 07
1, 351, 044. 23
1,004, 569. 61
• 994, 535. 26
Total_ .••...••..•• _.•
19,684,907.01
23,265,747.21
------12, 080, 794. 62
62, 952, 786. 35
63, 566, 202. 22
63,375,481. 32
67,611,422.26
69,413,322.17
70, 466, 629. 58
71,076,476.30
72, 599, 567. 43
73, 015, 107. 43
72, 958, 985. 36
72, 528, 161. 61
74, 548, 152. 99
440,133.33
1,162, 50[1.00
3, 462, 374. 10
365,443.16
568,244.11
477,114.42
1, 495, 388. 85
933,600.35
I 842, 360. 73
1934 •• ---- -- -- ____ -- --- ___ -1935 ___ -- _. ----- •••...•••••.
1936
&l~-·--···--··-····-·
April.. •••••••••••••••••••••
MBY-·--······· ............
1urui .•••••••••••••••••••
1uly__ •• _••••••••• _•• _••••••
August .•••• --· ••••••••••••
lll37
rr~Y-················-
~~-
········-
74, 548, 152. 99
1938
tr~~Y:~~:::::::::::::::
Total, first quart.er•••
Grand totaL .••••...
5, 065, 007. 43
168, 722, 613. 99
1,410,801.69
99, 390, 118. 26
& 3,
73, 418, al7. 30
73, 052, 851. 06
72, 687, 604. 75
271, 349. 93
72, 687, 604. 75
• 26, 702, 513. 51
72,687,604. 75
See lootnot.es at end or table.
Digitized by
Google
56
REPORT OF RECONSTRUCTION FINANCE CORPORATION
6.-Amount of authorizations, disbursements, repayment., and other reductions, and amounts outstanding from Feb. 2, 1932, to Mar. 31, 1938, inclusive, by
classes and months 1-Continued
TABLE
LOANS TO INDUSTRIAL OB COMMERCIAL BUSINESS
[Under sec. 5d of the Reconstruction Finance Corporatlon Act, as amended)
Amount of
authorizations 2
Year and month
Amount of
disburse•
ments
Amount of repayments and other
reductions
Amount out•
standing at
end of period
1934 ________________________
___ --- _- -- -- - - ---- -- - - - 1935
$25, 477, 350. 00
64, 168, 931. 00
$6, 315, 280. 11
32, 216, OJ 2. 05
$116, 678. 79
2, 312, 596. 88
$6,198,601.32
36, 102. 016. 49
1936
January ____________________
February_. ________________
March_--------------·----ApriL.
_____________________
May _______________________
June _______________________
July_. ______________________
August_ ____________________
Sept.ember _________________
October ____________________
November _________________
December __________________
4, 350, 300. 00
3, 551, 129. 70
2, 332, 710. 69
2, 448, 398. 11
2,418,600.00
3,093,313. 81
3,456,479.97
5, 459, 4fi9. 02
I. 754. 860. 42
2, 799, 182. 14
1, 049. 025. 00
3, 422, M9. 23
3, 988. 339. 71
2, 655, 987. 11
2,455,131.15
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
I, 537,288.38
2,980, 141. 75
385,238.64
392,139.75
542,954.56
332,147.91
803,461.09
502,213.45
488,439.50
807,870.67
527,531.17
603,877.85
966,553.85
1, 066, 263. 99
39, 705, 117. M
41, 968, 96l. 92
43, 881, 144. 51
45,579,133.06
46, lli,876.57
47,876,576.24
50, 330, 733. ~
51,380, 783.11
52, 802, 382. 61
55, 826, 828. 75
56, 397,563.28
58, 3 JI, 441. 04
Total ____ ------------
36, 136, 028. 09
29, 628, 116. 98
7, 418, 692. 43
58, 311,441.04
2, 908, 932. 94
1,830,281.21
1,807,645.45
1,027, 789. 14
977,800.00
1,628,575.00
• 2, 907, 000. 00
826,000.00
3().1, 500. 00
690,833.32
• 1,359,916.66
592,099.96
986,083.31
1, 545, 280. 11
924,685.85
4, 779, 638. 62
2, 431, 944. 07
1,770,075.51
1, 186, 517. 04
2, 508, 504. 71
1, 120, 295. 07
1, 245, 372. 16
563,859.33
' 2, 872, 669. 50
1, 394, 336. 45
1,097,178.48
1,054,217.21
738,738.13
548,131.23
806, 113. 71
. 761, 821. 59
928,550.80
668,485.05
1, 289, 818. 98
008, 395. 23
' 863, 841. 61
57,003,187. !Kl
58,351,289.53
58, 221, 758.17
62, 262, 658. 66
16, 860, 373. 68
21, 934, 925. 28
11, 059, 628. 47
69,186,737.85
365,133.33
637,500.00
2,110,074.10
351,043.16
568,244.11
445,114.42
1, 360, 457. 64
822,263.01
I 705, 457. 08
68, 177, 3Z!. 37
67,923,304.47
67, 662, 961. 81
1937
January ____________________
February_. ________________
March _____________________
April ______________________
May ___ , __________________
June _______________________
July ________________________
August_ ____________________
September _________________
October ____________________
November _________________
December----·-----·-···--Total. _______________
64,H6,m.50
65, 110, 433. 30
65. 535, 128. 75
67,115,082.66
67,566,892.68
67,522,445.86
67, 177, 90\l. 96
69, 186,737.85
1938
January ______________ -- -- -February_. ________________
March _____________________
Total, first quarter ___
3, 112, 707. 43
1,364,401.69
Grand total __________
145, 755, 391. 10
91, 458, 736. 11
2,888, 177_ 73
67,662,961.81
23, 7g5, 77-l. 30
87,662,961.81
I
I
PURCHASES 01' PARTICIPATIONS IN LOANS TO lNDUSTllliL OB COKKERCUL BUSINESS
[Under sec. 5d of the Reconstruction Finance Corporation Act, as amended)
1934 ___ • -- _. __ -·-·-- -- -··- __
1935_. --·· - ·- - - ·- -- --·-··-- 1936
$1,941,460.00
January____________________
230,050.00
r;~~a_r~-~~::::::::::::-.::::
tf:f
::::::::::::::::::::::
June __ -----------··-----·--
~ig:
~: gg
4
July __ ----------·---------August_____________________
September __ -------·------October____________________
November_._______________
December__________________
$427,500.00
$427, 500. 00
6,217,633.33
3, 431, 623. 67
8, 697, 453. 28
$161, 670. 39
1======,J=======i=======J,=====
~:: ~:
~
297. 000. 00
935,960.00
96, 2.oO. 00
100,000.00
142,500.00
8, 000. 00
64, 000. 00
8,002,382. H
4, 313, 954. :ll
4,302,061.22
4, 506, 462. 38
4, 581,538.45
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
650,962.67
143,960.00
96,925.00
18,690.84
51,022.72
229,600.65
81,098.84
47,423.93
78,536.38
96,058.75
29,246.58
86,267.28
376,952.93
133,349.05
106,804.81
4,753,096.19
5,027,105.93
5, Q.17, 716. 88
5, 027, 837. (fl
2, 665, 436. 55
1, 335, 052. 76
5,027.837.crT
4,609,r,()2.(f/
4, 585, 468. 32
4, 628, 895. 04
1-------1-------1--------f------
Total. --·-·-·-·----·-
3,606,952. 50
I=====!======!=====-
See footnotes at end of table.
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REPORT OF RECONSTRUCTION FINANCE CORPORATIO~
57
1 TABLE
6.-Amount of authorizations, disbursements, repayments and other reductions, and amounts outstanding from Feb. 2, 1932, to Mar. 31, 1938, inclusive, by
classes and monthsL-Continued
PUBCBA&.18
or P.Ul,TICIPATION8
IN
LOANS
TO
Amount of
disburse•
ments
Amount of
authori•
zatlons •
Year and month
1937
January.•••••••••••••••...•
February .•••••••..•....•..
March ••..••••••••••.••••..
April ..•.•.•.•.•.•.••••.•.••
May ...•.••••••••••••••••••
June ..•.•..••.•••....••.•••
July•...••••.•.•.•.....•.•••
August..•.••••....•...•...•
September .•..••......•...•
Octcber....•...••..•.•..•..
November ••••••••••.•.....
December •.•..••••••••.•.••
$431, 500. 00
95,500.00
289,333.33
274,900.00
71,650.00
123,000.00
10,000.00
IOI, 500. 00
67,000.00
INDUSTRIAL OB COMMERCIAL BUSINESS-Continued
Amount of repay.
rnents and other
reductions
$46,730.77
219,623.07
153,846.15
136,000.00
37,179.48
148,720.46
250,083.33
8,000.00
Amount out•
standing at
end of period
12,500.00
9,886.53
124,000.00
$48,491.68
54,166.23
215,592.45
56,584.55
113,162.57
60,274.85
71,515.61
54,862. 78
34,147.67
60,825.25
96,098.84
• 127,009.09
Total .••••.•••.•••...
1,691,883.33
1, 183,619. 79
992,731.57
5, 218, 725. 29
1938
January •.....••••••........
February ••••••••..•.•.....
March •• · .••••••••••....•..
75,000.00
75,000.00
509,000.00
14,400.00
134,080.55
110, 91g_ 80
1126, 498. 79
4, 893, 626. 15
371,199 14
4, 893, 626. 15
2, 860, 953. 86
4, 893, 626. 15
------------------215,000.00
------------------49,550.00
------------------32,000.00
Total, llrst quarter ...
659,000.00
46,400.00
Grand total. •...••..•
14,116,929.16
7,754,580.01
AGREEMENTS
TO
I
I
$5, 026, 076. 16
5, 191, 533. 00
5, 129, 786. 70
5, 209, 202. 15
5,133,219.06
5, 221, 664. 67
5, 400, 232. 39
5, 353, 369. 61
5,319,221.94
5, 307, 946. 69
5, 221, 734. 38
5, 218, 725. 29
5,099,044. 74
4, 988, 124. 94
PUllCIJASE PARTICIPATIONS IN LOANS TO INDUSTRIAL OR COMMERCIAL BUSINESS
[Under sec. 5d of the Reconstruction Finance Corporation Act, as amended]
19-34 .•••••••••••••.••••••.••
1935••.•.•••••••.••.•.••....
1936
January.•••• - •••••••••••••.
$1, 123, 725. 00
2, 649, 849. 99
$29, 600. 00
$3, 600. 00
$26, 000. 00
1======01=======1=======e=====-
.rr~:c~y..................
April.. •.•••.•..•....•......
May ...••••••...•........•.
June .••••••..•••..•.••••.••
July ...••.•.••....•.••.•.•.
August..•...•.••••••.•.••••
September ••••••.••..••••••
October .....•••••••.•••••••
November .••••••.••.••••.•
124,000.00
lll,200.00
335,000.00
176,000.00
250. 000.00
790,068. 74
144,000.00
188,000.00
80,000.00
380,000.00
72,500.00
325. 27
77. 71
i97. 02
77. 71
26,000.00.
26,000.00
25,600.00
25,600.00
25,600.00
25,200.00
25,200.00
24,874. 73
24,797.02
24,000.00
23,922.29
Total ••••••••.•••••••
2, 650, 768. 74
2,077.71
23,922.29
m::
1937
400. 00
400. 00
rn~: ~: ~ :::::::::::::::::::
~!~be-i::::::::::::::::: ·········~: &'l8: ~. :::::::::::::::::::
1g:
November._ •••...••••••••• ···-···············...................
December.·--··············...................
17,857.14
75. 54
• 3,684.56
23, -~22. ~
23,379.69
23,936.45
139,561.45
133. 631. 61
134,531.61
141,115. 1e
131, 115. 16
128,992.81
128,592.81
128,517.27
142,689.85
28,434.58
142,689.85
850. 66
417. 54
10,404, 86
141,839. 19
141,421.65
131,016. 79
&l~chryy·······,····•··•··
32, 000. 00
2, 800. 00
2, 243. 24
~if:::::::::::::::::::::: ........~~i: ~: ~. ········~~::.;~~:. ··········T~Jf
JuJy_······-················
Total.- ............. .
1938
~!~::::::::::::::::::::
204,500.00
1, 132, 650. 00
8,120.00
147,202.14
~: ~: ~ :::::::::::::::::::
Dl:;
1,536.45
I
Total, first quarter ...
1,293,300.00 •••·············...
• 11,673.06
131,016. 79
Grand total ••••••••••
8,850,293. 73
'45,785.35
131,016. 79
l======I=======I======
176,802.14
See footnotes at end of table.
Digitized by
Google
58
REPORT OF RECONSTRUCTION FINANCE CORPORATION
6.-Amount of authorizations, disbursements repayments, and other reductions, and amounts outstanding from Feb. 2, 19."J2, to Mar. 31, 1938, inclusive, by
classes and months 1-Continued
•
TABLE
TOTAL, SEC. 5e OF THE RECONST_fJ~i~.:D FINANCE CORPORATION ACT, AS
[Loans on the assets of closed banks and trust companies]
Amount of
authori-
Year and month
zations
1934_ ----- -- ---- ______ -- ___ _
1935 _______________________ _
2
$131. 116. 87
12, 190, 5i6. 57
Amount of
dishursements
Amount of repayments and other
reductions
$22,500.00
11,774,404.48
$139. 25
10,671,604.80
Amount outstanding at
end of period
$22,360.75
1, 226, 160. 43
1936
January____________________
305,365.56
28,380.11
40,298.51
1,213,242 03
February ______ ---------- ___ . ______ --- __ -- ---- ---------------- __ _
14,119.64
1, 199,122.39
March_____________________
26,298.85
15,484. 77
27,036.63
1,187,510.53
April_______________________
23,750.00
40,283.54
23,550.36
1, 204, 303. 71
May_______________________
4,426.14
265,670.17
30, t61.69
1,439,412.19
June_______________________
27,578.98
62,730.24
40,041.16
1,462.101. 'l1
July ________________________ ------------------9,730.19
41,535.47
1, 430, 295. 99
August_ _________________ --- __________ -------. _
19,843.01
62,260.33
1,387,878.67
September_________________
13,173.07
16,064.49
1,371,814.18
31,750.86
October------------------__
• 151,696.98
24,287.80
1,364,351.12
November_________________
71,251.47 ------------------23,882.00
1, 340, 469. 12
34,604.18
December------------~----131,590.43
10,493. 74
1,316,358.68
Total_ ____________ --- • 755,131.48
476,903.57
386,705.32
1, 316,358.68
l======,1======,1=====~=~=====
1937
January ___________________ _
'i4, 758.67 ----------- -------33,065.46
1, 283,293.23
February ____________ - ___ -43,568.68
40,573.66
40,188.41
1, 283, 678. '3
March ____________________ _
62,737.09 ------------------27,578.62
1,256,099.86
priL
_____ ----- - -. __ --- -- -_
A
1, 20!, 000. 00
23,084.65
21,406.77
1,257, m. 74
May
______________________
154,800.00
1, 231,935.98
30,596.44
'
56,
4.18.
20
June ______________________ _
410,700.00
28,526.48
1,203,409.50
July _______________________ _
54,000.00
75,169.55
23,145.92
1, 255, 433. 13
1,457,186.64
8,000.00
71,414.16
August _____________________
---------------._
1, 192,018.98
September
October __________ -------- - November ________________ _
December _________________ _
349,383.17
167,300.00
54,200.00
110,600.00
7,059.47
29,940.00
101,384.31
2, 429, 015. 79
27,455.06
27,439.53
41,589. 77
' 265, 892. 79
l, 171,623.40
1,174,123.87
1, 233, 918. 41
3,407, OU. ti
Total _______ -- _------4,143,234.25
2, 744, 823. 87
654,141.14
3,407,041.41
!=====01======1======1=====
1938
January ___________________
_
338,040.08
169,292.62
267,676.73
3, 2118, 657.30
February ______ ----- _______ 163,750.00
59,415.61
89,326.32
3,268,746.59
March ____________________ _
251,600.00
123,111.84
135,529.72
3, 356, 328. 71
1-------1-------1
Total, first quarter __ _
753,390.08
341,820.07
I 392, 532. 77
3, 356, 328. n
= = = =01======1======1=====
Grand total _________ _1 =17,973,449.25
15, 360, 451. 99
I 12, 004, 123. 28
3, 356, 328. n
SELF-LIQUIDATING PB01EC?8
[Under sec. 201 (a), title II, of the Emergency Relief and Construction Act ol 1932, as amended]
1932 _______________________ _
1933 _______________________ _
1934 _______________________ _
1935 _______________________ _
$145, 775,534.24
74,538,207.26
25,333,313.36
36, 060, 000. 00
1936
January ______________________________________
_
February__________________
5,432.50
Marrh _______________________________________ _
"pri]__ _____________ . _______________ ----- -----May_______________________
57,500,000.00
June _______________________ ------------------July
.. - ------------------ - - ------------------Angust_
____________________
. ------------ _____ _
September ________________ . __________________ _
October. _______________ .. __ ----------------·· __
November ___________________________________ _
December ____________________________________ _
TotaL ______________ _
57, 505, 432. 50
$15, 737,000. 00
45, 105, 105. 70
62, 252, 336. 99
59, 723, 252. 14
$60,500.00
8, 5ll2, 202. 13
35, 750, 632. 97
$15, 737,000.00
60, 781, 605. 70
114,451, 740. 56
138, ~- 359. i3
7, 463, 054. 95
3,029, 480. 51
4, 929, 626. 03
4,085, 000. 00
9,027, 574. 84
1, 4 79, 000. 00
5, 942, 044. 44
6, 862, 402. 84
4, 428, 000. 00
4, 710, 882. 89
3, 600, 000. 00
3, 600, 000. oo.
49,896.03
1, 371, 661. 02
573,443. 76
131,731.91
65,000.00
5,536,361.24
138,262.06
28,000.00
41,331.65
33,147.64
80,352.36
2,215,470.51
146, 837, 518. 65
14 7. 495, 338. 14
151, 851,520.41
155, 804,788.50
164, 767,363.34
160,710,002.10
166, 513, 784. 'II
172, 348, 187. 32
176, 734, 85.~. 67
181, 412, 590. 9'l
184, 932, 231U6
186,316,768.05
58,157,066. 50
10, 264, ~- 18
186,316. 768. 05
Bee footnotes at end of table.
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Google
REPORT OF RECONSTRUCTION FINANCE CORPORATION
59
6.-Amount of authorizations, disbursements, repayments and other reductions, and amounts outstanding from Feb. 2, 1982, to Mar. 31, 1938, inclusive, by
classes and months 1-Continued
TABLE
BEIJ•LIQUll).I.TINO P{!.OIECTS-Continued
Amount of
authori•
zations •
Year and month
1937
JanUtlfy.............. .. ..•.
$101,479,718.49
197,902,615.41
199. 772,115.41
206, 257, 753. 14
209, 792. 951. 03
213, 135, 288. 42
216, fi29, 800. 06
21S, 371,000.05
222,422,134.20
22.5, 929, 634. 20
227, 687, 722. 58
231,233,144.56
60, 005. 000. 00
45,585, 745. 15
660,368.64
231,233,144.56
~85, 000.00
165,000.00
I, 800. 000. 00
1,800,000.00
3, 600, 000. 00
4, 107,005. 79
3,216. SM. 03
• 117, 200. 00
228,926, 138. 77
227. li09, 584. 74
230, 992, 384. 74
tf;t················ ...........oo. ooo, ooo. oo_
Ju]y ________ • ________ •• _•••• ··--------------- - -
Au1;11St ••••• _._._ ••• _. __ • ___ -·······-----·--·- .
September __ ...... __ ....... ·····•··---·----·-.
October._._ ...... ·-·· .•. -· ... ---- .. __ ----· _·November _________ .... ··-- . ·--. ___ ----- _____ _
December._._._ .. ________ .. ·•·•·-----------·--
March _____________________ --------·----- ___ -·
Total, first quarter...
$5, 184, 000. 00
700,000.00
7, 200, 000. 00
• 7, 440, 759. 82
230, 992, 384. 74
l======,1====== l=======I======
Grand total..-------.
FINANCING REPAIR
Amount outstanding at
end of period
$21,049.56
13,000.00
57,500.00
~7, Of,<i. 35
64,802.11
41. 61i2. 61
105. 398. 37
58,800.00
31,100.00
92,500.00
41, ~II. 62
• 54,578.02
June .•........•.••••...........•..............
1938
Jannary.. _·-----------·---February. ________ ·-------·
Amount of repayments and other
reductions
6, 525, 896. 92
1,837,000.00
6, 572, 704. 08
3, 600, 000. 00
3, 384, 000. 00
3, 600, 000. 00
I, 800,000.00
4, 0~2. 144. 15
3, 600, 000. 00
1, 800, 000. 00
3, 600, 000. 00
$5. 000. 00
Febru,u-y ..•........•.........•...•...•.••.....
March •.......................................
Total. ______________ _
Amount of
disbursements
399,967,487.36
or
293, 760, 006. 48
' 62, 768, 121. 74
230, 992, 3M. 74
DAMAGE BY EARTHQUAKE, FIRE, TORNADO, OR CYCLONIC IN 1933
!Under sec. 201 (a) l6), title II, of the Emergency Relief and Construction Act of 1932, ru; amended]
1933. _____________ -- _--· ---$10,400,000.00
1934 .. ________________ -·-·· _ -· --· .. _-· -· --- ..•.
1935.. -----------------·-··· ----· -- ----·-----· ·
$2, 760, 985. 88
5, 698, 006. 34
68,183.68
$91,675.00
284, 8.19. 44
273,099.67
$2, 669, 310. 88
8, 0~2. 9i7. 78
7, 87~. 061. 79
51, 6IO. 59
4,264.00
6. 48.1. 25
26,599.08
21, 516. SO
4,067. 25
66,693.11
8. 802. 21
9, Oil~. 25
34,877. 5.5
94,108.00
621,107.93
7,827,351. 20
7,823,086. 70
7,816,603.45
7,790.004. 37
7,768.487. 87
7, 764, 420. 62
7,697, 727. 51
7, 688. 025. 30
7,679.857. 05
7,644,979. 50
7, 550, s11. r,o
6, 930, 063. 57
949,198.22
6, 930, 063. 57
74,952.89
13, 01.,. 00
7,055. i2
40,254.85
15,286.17
16. 136. 67
62,208.82
12,571.00
2, 300, 563. 00
35,576. 72
5,729.20
• 8, 9.13. 25
6, 85S, 110. 68
6, 842, 095. 68
6, 835, 039. 96
6, 794, 785. 11
6, 779,498. 94
6,763,594.47
6,701,385. 65
6,688,814. 65
4,388,251.65
4,352,674. 93
4, 346, 945. i3
4. 338,012.48
2, 592, 2'l.1. 29
4,338,012.48
U,001. 48
36,158.01
•1~,205.17
•• 263,381.00
4, 227, 222. 99
4,178,017.82
'159. 994. 6li
4,178,017.82
1936
. January·-·--------·----·-·····---······•······
900.00
February ___ -------·-·-·--. --· -· ---· --· ... -· .. · ·- •-- -- - -· -···--·"March ____ ·--······-··-··-····-----··-·-----···---·--·-···-··--··
April.. ______ . ______________ ··--··-----·--···-· ···----------·---··
MaY.----------·-·--------· -·-----···-·---·-·· ··-·-···--·-·-··-··
June ... •---------·--------· -----·-----·-··---· ··----···--···-·-··
July__ ·--·····--·-·--··----- -··--··-·------···· ·······-------·-···
-~:rber-----,---------·· -·-·-···----------- ·-··---··-···-·····
Xovember _____ ··-------·-- ·-··-····--·------· --···-------·- .... ·
December.-----···-------··--·--··-·--·-··--·300.00
Total.. _________ ·-·----··-·········---··
1. 200.00
1937
-rn:~FY--------·---···-·· --=··--··-·---·-·-· --·-------···-·--··
April.. ... __________ -----· __ ----··-··-·--·- ···- _-· ·- ---· ________ ..
May·--·-····---·---------·-------------·····--·--------·----·-··
June .. ··-·-··---·__________
232. 20
232. 20
July··----····-·------··--·. ·····-·---··-···-·- ·-·---···--·-···-·Au<(Ust ___ ...•. _____ -· ·- ____ ·-- •.. ·- _-· ·- •• ---· _·---------·------·
September_--·--- ________ -· --·· -· - - - -·---· -- .. ------·--------·--·
Octoher.. __ . _____ -·. _-----· ._·- .. _____ ·- ______ -· ·---···--- _____ -·
Xorember ________ . ___________________ -------· ---·· - .. •-·-------December_. __ ··--···- ------ ---- --------------· •··--··--···-·--·-Total. _______ ·-···-•_
232. 20
232. 20
1938
rr}l~~y~~~=:::::::::::::: ::::::::::::::::::: :::::::::::::::::::
Total, first quru-ter. __ ··------··-·······- ···--····-·-·······
Grand total. ___ . ___ ._
10, 450, 232. 20
8, 529, 10~. 10
1 4,
3Sl, OllO. 28
4,178,017.82
"---------'--------'-------'--------'------See footnotes at end ol table.
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Google
60
REPORT OF RECONSTRUCTION FINANCE CORPORATION
6.-Amount of authorizations, disbursement8, repayments and other reductions, and amounts outstanding from Feb. 2, 193.e, to Mar. SJ, 1938, inclusi11e, by
classes and months 1-Continued
TABLE
FINANCING OF EXPORTS 01' t\GRICULTURAL SURPLUSES
[Under sec. 201 (c), title II, of the Emergency Relief and Construction Act of 1932, ss amended]
Amount of
author!•
Yesr Bnd month
Amount of repay•
ments and other
reductions
Amount of
disbursements
zations 1
1933........................
$52,880, &12. 80
1934........................
490,412.42
1935... .•...•.•..•...•...•.. .... .. ... ... .. . . ..
Amount out•
standing st
l!nd of period
$247, 1134. 37
4,775,909.17
1, 174,182.28
$7,142, 728. 3~
13,056,514.59
25,343.69
$6,895,194.01
15,175,7W.43
14,026,960. Si
1 = = = = = 1======1======1=====
0
1936
Mareh ..•...•...•................................................
April ....................•........................................
Total. ••...................................................
Grand total.. ....... .
20, 224, 586. 66
53, 370, 955. 22
.
I
442,677.06
13, 537, 387. 79
13, 584, 283. 78
46,895.99
13, 980, 064. 85
46,895.99
20,177,690.67
46,895.99
FINANCING OF AGRICULTURAL COIIIIODITIES AND LIVIISTOC][
[Under sec. 201 (d), title II, of the Emergency Relief and Construction Act of 1932)
1932........................
1933........................
1934........................
1935.... •• •.• ..• ...•.•. •••••
$54,775,920.67
379,792,902.87
427,416, 153. 08
262,025, 182. 40
$1,439,974.09
70,102,936.30
227,743,991.03
272, 891, 481. 84
$115,456.95
3,250,860.13
258,238,171.57
34, 713, 672. 89
$1,324,517.14
68,176,593.31
37,682,412.77
275,860,221. 72
100,000.00
500,000.00
80,652.05
903 558 08
'
- .
8, 637, 112. 42
• 151,130,762.23
225,000.00
225,000.00
10,085,000.00
60,000.00
30,037,386.99
801,892.37
l, 399,719.53
796,208.55
527,453.05
1,129,047.08
305,101,400.16
305,375,839.48
305,646,511.93
12,340, 950. 47
1,438,117.27
1,026,524.18
2,938,098.92
2,140,081.66
530,725.71
450,764.45
1J:k~:A~:g~
28, 157, 969. 23
71,426,840.04
383,670.21
172,275.91
105,840.03
48,049.95
82,805.12
56, 613, 677. 81
232,367, 631. 56
l=====,l=====,l======I=====
1936
1anusry....................
February..................
March.....................
~:t···.·················· ........
June.......................
1uly.......................
August.....................
September.................
October....................
November.................
December.................. ..................•
Total.... .. .. . . . .. .•.
~:m:iirn
m:~m::
163,801,437.04
93,812,714.27
94,455,568.24
97,221,391.25
99,255,632.88
99,738,308.64
100,106,267.97
i----------1-------i--------~-----'I 71,947,084. 78
100, 106,267.97
1 = = = = =1 = = = = = , l = = = = = = I = = = = =
0
1937
JBnuary....................
400,000. oo
February ............ _...................... .
March ....................................... .
85,000,000. oo
150,030,000.00
175,000.00
3, 600, 000. 00
4, 564, 000. 00
76, 350, 000. 00
36, 392, 836. 28
347,294. 71
339,207.37
101,861.21
47,487.95
111,886.85
15,058, 741. 40
764,440.97
1, 950, 027. 15
7, 244, 727. 11
21, 368, 612. 24
31, 992,822. 24
336,124.69
12, 487, 970. 63
43, 337, 199. 98
24, 120, 654. 49
6, 271, 308. 88
• 2, 134, 888. so·
1, 779,578.94
59, 836, 376. 02
576,206.07
450,439.45
236,836.28
• 204, 168. 10
136,162,979.56
124, 022, 303. 64
81,024,311.03
57,005,517. 75
50,781,696.82
48, 758, 694. 81
62,037,857.27
2, 965, 922. 22
4,339,743.30
11, 134, 030. 96
32, 265, 800. 92
64,054,461.06
322, 262, 696. 50
115, 719, 945. 48
151, 771, 752. 39
64,054,461.06
370, 748. 14
908,943.23
1,909,655. -i2
81, 142,671.11
88,951,242.30
95,973,006. 95
~:t:::::::::::::::::::::: :::::::::::::::::::
2, 133, 696. 50
1une.. ..•........ ... . .... ..
July........................
August....................
September.................
October....................
November.................
December..................
Total. •••.•... -······
1938
l======l======,l=======I,=====
700,000.00
12, 154, 237. 77
59, 710, 000. 00
January••••••••••.•.•••••••
February.•••••..••••.•••.•
March .•••••••••..•••.•••••
Tote!, first qnarter•••
17,458,858. 19
8,717,614.42
8, 931, 420. 07
I
72, 564, 237. 77
35, 107, 892. 68
• a, 189,346. 79
116,973,008. 95
1======,1=======1=======1,=====
Grand to~al······-··· '1,690,774,178.07
' 779,619,899.23
1' 683,646,892.28
Bee footnotes at e11d of table.
Digitized by
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116,973,006.95
REPORT OF RECONSTRUCTION FINANCE CORPORATION
61
!!.-Amount of authorizati=, disburuments, repayments and other reduotions, and amounts outstanding from Feb. 2, 1932, to Mar. 31, 1938, inclu.,ive, by
classes and months--Continued
TABLE
AKOUNT8 MADli AVA.ILAIILli roR RliLilir A.ND WORI[ RliLilir
[Under sec. 1, title I, of the Emergency Relier and Construction Act of 1932, as amended]
Year and month
Amount or
disbursements
Amount of
authorizations•
Amount or repayments and other
reductions
1932________________________
$112,492,873.22
$79,967,042.09
1933________________________
187,507,126.78
220,017,956.91
1934 ____ • _---- ·- -· ------ -- -- -- -- .• -- --- -- ------ -------. _- --------11135. ___ • _-- -------- ---·---- - --- -- -- • - ----- -- -- ---- -- •••• -- -- -- - --
AmountoutstandiD!! at
end or period
$970, 085. 00
1, 241, 324. 00
1, 146, 942. 00
$79,967,042. 09
299, 014, 914. 00
297, 773, 590. 00
296, 626, 648. 00
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
74,000.00
296, 625, 906. 00
296, 625, 47_1. 00
296, "3.6, 4'11 . 00
296, 416, 471. 00
290, 413, 711. 00
296, 223, 211. 00
295, 994,711.00
295, 758, 711. 00
295,656,711.00
296,582,711. 00
Total_. ______________ ------------------- ----------------- --
1, 043, 937. 00
295, 582, 711. 00
11136
&:r_::===============
May ___ --- ---------•• -- -- -- ==================
--- -- -- -- ------ -----===================
-- ----- ---- ------ -•
June. __ ----------- - -------. - ------------------ -------------------
August_ ____________________ . - - ------ -- ---- - - - - --- - - -· - - • -· -·-. - . -
~f::r~r::::::::::::::::: ::::::::::::::::::: :::::::::::::::::::
November __ --------------- ------------------- -------------------
1987
January _____ • ________ --- • __ ----------- ----- -- March _____________________ ---- ------------- __
May _______ • _______________ ------------------June. _____ ••••• _____________ . -- _------- -- -- • __
----- --- --- -- --- --- --- -- --- , ________ _
--------------------- --- ----- ---- --- -
295, 354, 211. 00
November._-------------..
------------------- ---------········-·
December _______ ___ __ _----- ------------------- ·-----------·--· ·•·
228,500.00
6, 126, 000. 00
6, 146, 070. 00
2,000.00
176,000.00
4,000.00
374. 30
• 74,000.00
282, 904, 141. 00
282, 900, 141. 00
282, 899, 766. 70
282, 825, 766. 70
Total •••••. ____ •••••• --- -- . --· ---- .. --- . -- ----····. ----· •..
12, 756, 944. 30
282, 825, 766. 70
1938
Match _____________________ ---·-·---····---------···-·········-·-
1 282,825,766.70
iet=rber::-:: ::::: ::: :: :: :: ::::::: :::::::: :: ::::::::::::::::: ::
Total,flrst quarter...• ___________________ -----··- ·····-----Grand total._________
300,000,000.00
299,984, m. 00
1 282,825, 766.
289, 228, 211. 00
283, 082, 141. 00
283, 080, 141. 00
70
i=======I======
°299,984,999.00
TOT AL, ACT APPROVED MAR. 9, 1933, AS AMENDED
[Loans on and subscriptions for preferred stock, and purchases o! capital notes or debentures, o! banks and
trust companies]
1933 _________ ______ _____ ___ _
Ull6, 556,000.00
656, 910, 925, 00
82, 211, 264. 00
$264, 346, 216. 67
673, 657,834. 23
102, 969, 288. 33
$145, 9,75. 00
73,873, 817. 30
69, 937, 714. 94
$264, 200, 241. 67
863, 984, 258. 60
897,015,831. 99
November. - • ···-····--····
December---·-·-· --··-····-
661, 250.00
1, 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
~000.00
1, 67 950.00
502,600.00
3, 025, 000. 00
2, 032, 500. 00
1, 010, 000. 00
75,000.00
606,000.00
5, 078, 905. 27
18, 228, 664. 67
12, 176, 087. 42
7,400, 914. 95
5,406,472.58
53, 782, 230. 94
99, 460, 633. 87
111, 126,510. 19
5, &'.)7, 909. 81
II, 095, 765. 91
7,347,541.110
32, 648, 306. 11
904, 685,040. 72
887,635,576. 15
877,326,888. 73
877, 034, 973. 78
872, 188, 601, 20
819, 985,220. 26
721, 027, 186. 39
704, 925, 676. 20
701, 100, 266. 39
693, 064, 500. 48
685, 791, 958. 58
653, 749,652.47
TCK81 ••• ··-······---·
8, 789,700.00
32, 293, 764. 00
275, 559, 9'3. 62
653, 7411, 652. 47
1934.
___ -- -· -·-· _-- -- - -- _- -. ._
1935______________________
1936
i}l~~:::::::::::::::::
~::-::::::::::::::::::::::
June,_----·-·· ··- ---• ______
July _____ - ---- •• -· •• -· -----August __ __• -- ••• - ----------
~~r~~:::::::::::::::::
llel !ooalotee at end of table.
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62
RFJPORT OF RECONSTRUCTION FINANCE CORPORATION
6.~Amount of authorizations, disbursements, repayments and other reductions, and amounts outstanding from Feb. 2, 1932, to Mar. 31, 1938, inclusive, by
classes and months 1-Continued
TABLE
TOTAL, ACT APPROVED MAR. 9, 1933, AS AMENDED-Continued
Amount or
authori•
zations •
Year and month
1937
January•.••...•••..... _._ ..
February •. -·••·•·--·······
March ...••• ·-····-········
$190,000.00
870,000.00
• 37,500.00
343,000.00
6, 670, 000. 00
5, 996, 800. 00
1,038,850.00
206,800.00
624,000.00
408,500.00
380,000.00
735,000.00
U:#-::::::::::::::::::::::
June_···-·-····- __ -······-_
July __ .--······--·····-·-·August. •. ·-····-•··•··••··September._-·-·-··•·-··-··
October ........ ·-····-··•··
November...• ·-·-·•······December.• ·--··-···-····-·
TotaL ._.-···-·-···-January .. ____ ·••··-··-····-
~tcia~~·-:::::::::::'.:::::
Total, first quarter ___
Grand total._ .•.•••..
$360,000.00
640,000.00
1,035,000.00
120,000.00
93,000.00
6, 220, 000. 00
109,750.00
1,064, 000. 00
3, 635, 600. 00
-----
Amount outstanding at
end of period
358,600.00
1, 398, 100. 00
69,000.00
6, 712, 233. 33
• $15, 030, 455. 46
• 11,010, 422. 94
• 9, 411, 496. 25
• 2,439, 970. 59
• 1,858,774.90
• 13, 089, 134. 22
• 6, 624, 986. 18
• 6, 266, 826. 23
• 3, 442, 921. 06
• 4, 570, 219. 18
• 1,379, 656, 23
• 13, 365,507.43
$639,079,197.01
628, 708,774.07
620, 3-32, 277. 82
618,012,307.23
616,246,532.33
609,377,398.11
602,752,411.93
596, 859, 335. 70
593,775,014.64
590, 602, 81l5. 46
589, 292, 239. 23
582, 638, 965. 13
17, 379, 683. 33
88, 490, 370. 67
582, 638, 965. 13
503,500.00
130,000.00
449,750.00
4, 888, 490. 32
13,167,030.08
• 1,095,347.95
578, 253,974.81
565, 216, 944. 73
564,571,346.78
------------------373,750.00
------17,500,450.00
1938
Amount or repay.
ments and other
reductions
Amount or
disburse•
ments
4, 809, 350. 00
1, 083, 250. 00
'19, 150, 868. 35
564, 571, 346. 78
1, 266, 777, 689. 00
. 1,091, 730, 036. 56
• 527,158,689. 78
564, 571, 346. 78
LoANS ON PREll'ERRED STOCK 011' BANKS AND TRUST COMPANIES
LUnder the act approved Mar. 9, 1933, as amended]
$10, 589, 500. 00
11, 524, 855. 00
975,400.00
1933 __ . -·· .... -· -···· ... __ -·
1934. _. -···· ...... -· -· ••....
1935 __ ...•..........•....• -·
$7,748,100.00
7,823, 525. 00
2, 277, 905. 00
$58,675.00
1, 478, 513. 37
1, 713, 568. 44
$7, 689, 425. 00
40,000.00
5,200.00
75,000.00
112,473.20
332,696.54
128,408.70
243,694.95
32,272.58
105,520.94
56,909.28
218,798.94
83,838.15
112,815. 71
37,900.78
74,025.98
14, 526, 299. 99
14,198,803.45
14,145,394.75
13, 901, 699, 80
13,924, 42i. 22
13, 842, 906. :?8
13, 785,997.00
13, 567, 198. 06
13,483,359. 91
13, 370, 544, 20
13, 332, 643. 42
13,258,617.44
1, 539, 355. 75
13, 258,617.44
393,972.11
308,193.92
76,194.18
212,887.65
126,568.38
126,929.22
328,618.58
359,875.36
• 359,060.30
248,284.81
105,244.08
• 91,163. 72
12, 864, 645. 33
12, 556, 451. 41
12,480,257.23
12, 267,369.58
12,140,801.20
12,013,871.98
11,685,253.40
11, 325, 378. 04
11,066,317. 74
10,818,032. 93
10, 712, 788. 85
10,621,625.13
2, 736, 992. 31
10, 621, 625. 13
-140,478.41
123,981.49
'48,839.40
10,481, 148. 72
10, 357, 165. 23
10,308,325. 83
313, 299. 30
10,308,325.83
• 7, 840, 404. 17
10,308,325.83
14,034,436.63
14, 598, 773. 19
1936
January•..•...•.••••.. -._._ -·--•··--··········
February._·····•-•·-·-·-·· -·--···•-····-·-··March ___ ·-·-·····--··-···85,000.00
u:i
June_·-··-···-······--··-·- ··-··---··--··-·-··
1
______ ··-·-···•--·-··-- -----·-·------·--·· ··-··-·--55, ooo. oo24,000.00
July_···---·-··--···--·--·-·--·-·-··--------·---·---···-•···---·August. ...· ·-·-····-···-·-· -·-··---·---·----·- ----········-·-·-·September.·----····-·----- __ -·-··- __ -·---·-•• ·••····-·-····-- -··
October... ·-···--·--·····-· ·--··-----·-·--···- ----·- __ ----·--·-- _
November ____ ·--···-•··---···•-·•··-·--·-··--··--····--·-------December...•••••...••.•... ·•·--··-···· -··•-·· -····-···· -·-······
85,000.00
Total ••• -············
199,200.00
1937
January.... -······-········ ____ -··-·--···-·-·- --···-·-··-··-·····
February .. _-··············
100,000.00 -····-···-··-·--··March_··-····-···----··•·- ··-- -···-·········- __ ···- --·-•·-·- -··-
U:;L:::::::::::::::::::::: ::::::::::::::::::: :::::::::::::::::::
June_.-···-···-·-··-·-·····
July. ___ ---··-············August._·--···--···---···-·
t8J':i:!'rber._ •. ·-·-····-·-··
November_.-·-·-·········December..•.• ·-······-····
--·-·-··-··-···-··-·----··---····---·- .. -·-··-····--····-·-·•·•·•·-·-···.•.• -····-····-·••·
--··-···-----·--··-
Total_.·-·-··········
100,000.00
1938
-·•-·····- -·-······
-···---·--•·••-·-··
·····- ___ --········
-······· 100,ooo. oo_
···-·· -·•·-·•······
-···-··-----··-····
100,000.00
•
January _____ •.•. ··- __ -··_ ....•........ ____ -· _..•. -·· _... -· _·-· •• _
{:t~ary.. -···--------·-·- ·-·······-·----·-·· ···•··-·-·----·--·Total, first quarter._. -····---·-----·---- ---------------··-·
Grand total ••. ·-·-···
23, 274, 755. 00
18, 148, 730. 00
I
See footnotes at end or table.
Digitized by
Google
REPORT 01•' RECO::-.STHUCTION FINANCE CORPORATION
63
6.-Amount of authorizations, disbursements, repayments and other reductions, and amounts outstanding from Feb. 2, 1932, to l',far. 31, 1938, inclusive, by
classes and months 1-Continued
TABLE
SUBSCRIPTIONS FOB PREFERRED STOCK OF BANKS AND TRUST COMPANIE!!
[Under tho act approved Mar. 9, 1933, as amended]
Amount of
authori•
zations 2
Year and month
11133 ........................
11134.••••••••••••••••••••••.
1935.......••.....••...•....
1936
January ....................
February •.................
March ......•.•............
t/';~1.::::::::::::::::::::::
June •...................•..
July .. ·······-·-···········
August ....••.......•••.....
September •.••••...••......
October .....•••...•.•.••...
November .••...•..••.•.•..
December •.••••.••..•.•.•..
disburse-
ments
Amount of repay•
ments and other
reductions
Amount out•
stan<linl!' at
end of period
$1;40, 366, 616. 6'1
590,813. 783. 40
646, 289, 839. 23
$262, 981, 400. 00
450,862. liO. 00
68,578,864.00
$140,453,916.67
457,477, 509. ~
85, 838, 883. 33
$87,300.00
7,030, 34;!. 50
30, 362, 827. 50
006, 250. 00
1, 025, 000. 00
1, 590, 000. 00
85,000.00
2, 300, 000. 00
917,450.00
50,000.00
25,000.00
425,000.00
1, 400, 000. 00
12, 668, 114. 00
1,020,000.00
1, 732, 400. 00
7,105,000.00
455. 000. 00
1, 499, 950. 00
472. f>OO. 00
3, 025, 000. 00
2, 000, 000. 00
1, 000, 000. 00
75,000.00
550,000.00
3, 026, 337. 50
13,039,981. 7;,
11,519,965.00
5,216,470.00
3, 452, 200. OJJ
48, 972, 210. 00
70,977, 400. 00
16, 805, 286. 25
4, 104, 396. 66
5,373,896. 18
5, 628, 376. 25
22, 767, 776. 51
6.14, 124, 068. 98
636,012,598.98
633,015,398.98
585, 543, 138. 98
515, 038, 338. 98
501,258,052. 73
499, 153, 656. 07
494, 779, 759. 89
489, 226, 3~. 64
467,008,607.13
8, 433, 700. 00
31,603,064.00
210, 884, 296. 10
467, 008, 607. 13
• 10, 573, 174. 26
• 8, 684, 453. 90
• 4, 88.1, 731. 07
• 1,174,935.97
1,104,317.78
• 3, 990, 805. 00
• 5, 432, 582. 60
• 4, 162, 330. 57 :
• 1, 770, 393. 56
• 3, 234, 059. 37 I
• 738, 062. 50·
'4,761,311.33
456, 760, 432. 87
448,715,978.97
«4, 867,247.90
443,772,311.93
442, 760, 994. 15
444, 975, IS9. 15
439, 542, 00!. 55
435, 580, 275. 98
433, 809, 882. 42
431,871,823.05
431, 173,760.55
<l3, 086, 682. 56
----·-------------10,000.00
Total ......•.•••••••.
Amount of
655,931,615.73
643, 911, 633. 98
1937
January ..•••..••.•..•••••..
February·········•······-March .......•..•...•.•... _
tf:t::::::::::::::::::::.:
170,000.00
770,000.00
• 37,500.00
343,000.00
6,670,000.00
Total. ••...••••••.•••
16, 700, 000. 00
16, 588, 233. 33
50, 510, 157. 91
433, 086, 682. 55
109,750.00
1, 050, 000. 00
3, 625, 600. 00
498, 500. 00
130,000.00
449,750.00
3, 511, 392. 82
12, 440, 063. 50
'220,921.94
430, 073, 789. 73
417, 763, 726. 23
417,992, 554. 29
June .......................
July ..•...••...............
August .. , ....•............ _
September ..•.....•....... _
October ...•..••...•.••.... _
November .................
December...•.•••..........
325,000.00
640,000.00
1, 035, 000. 00
80,000.00
93,000.00
5,775,000.00
6, 205, 000. 00
i50. 000. 00 --------- ---- -----156, (JOO. 00
200,000.00
530,000.00 -----------------388,500.00
1, 296, 000. 00
380,000.00
40. 000. 00
730,000.00
6,674,233.33
1938
January ....•...••...•.•.•..
February ..•.•....•.•...•. _
March •...••....•.•.•......
Total, first quarter ...
4, 785, 350. 00
1, 078, 250. 00
• 16, 172, 378. 26
417, 992, 554. 29
Grand total .•...•....
812,341,484. 00
733, 039, 856. 56
' 315,047,302.27
417, 992, 554. 29
PUBCHASBS OF CAPITAL NOTES OR DEBENTURES OF BANKS AND TRUST COMPANIES
[Under the act approved Mar. 9, 1933, as amendedj
1933...•.•.......••.........
$222, 985, 100. 00
194,523,900.00
12,657,000.00
$116,144,200.00
208, 356, 800. 00
14, 852, 500. 00
January....................
February..................
March.....................
55,000.00
30,000.00
7,500.00
40,000.00
154,000.00
60,000. 00
June ..... __ .. _..•.......•. _
15, 000. 00
55, 000. 00
1934_..•..... _...••........
1935..•.••••..•..••••....• _.
37,861,319.00
$!16, 144,200.00
259, 136, 038. 57
236, 127, 219. 57
1,940,094.57
4, 85.5, 986. 28
527, 713. 72
1,940,750.00
I, 922, 000. 00
4, 704, 500. 00
28,426,324.59
2, 102,425.00
1,619,675.00
3, 609, 054. 02
1,681,264.87
9, 806, 503. 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, 100,425. 41
188, 513, 250. 41
184,914,196.39
183, 2.12, 931. 52
173, 482, 427. 90
63, 136,291.67
173,482,427.90
$65, 3114, 961. 43
1936
tf;t ..............................67,500.00,
rJi: ~: gz
~:ust·······-············· ·········25, 000. oo_ ......... ~~·-~--~September ..... _...........
6, 000. 00
32. 500. 00
October_. _. .. . . . . . . . . . .. . . •
35, 000. 00
10, 000. 00
November ••......••..•.•.. ········•···--···-- ········•-·······-·
December..................
30, 000. 00
56, 000. 00
Total .•••••••••.•....
271,000.00
491,500.00
See footnotes at end of table.
79977-38--5
Digitized by
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64
REPORT OF RECONSTRUCTION FINANCE CORPORATION
6.-Amount of authorization&, disbursements, repayments and other reduction&, and amounts outstanding from Feb. 2, 198$, to Mar. Sl, 1998, inclusive, by
classes and months 1-Contimied
TABLE
PVRCHABEB OF CAPITAL NOTES OR DEBENTVREB OJ' BANl[S AND TRUST CoKPANIIIS-Contlnned
Year and month
Amount of
anthori•
zation~ 1
Amount of
disburse•
ments
Amount of repay.
ments and other
reductions
Amount outstanding st
end of period
1937
January....................
$20, 000. 00
$35, 000. 00
Februsry.... •..•••••.•.... ....•...•.•.....•.. .••. ..•.•.••.•.•..•
March..................................... . .....................
M'a~I........................................... __ ......
$4, 063, 309. 09
• 2,017, 775. 12
•4,451,571 . 00
• 1, ~~: ~:
$169,454,118.81
167,436,343.111
162,984,772.111
~r m: m::
40, 000. oo.
~
June.......................
221,800.00
15, OOQ. 00
• 8,971,400.00
152,388,336.!I!
JulY..... . .................
288,850. 00
• 863,785. 00
151,524,5.11.!I!
August.....................
50,800.00
173,750.00
'1,744,620. 30
149,953, 681.118
September.................
94,000.00
258,600.00
• 1,313, 467. 20
148,898, Slt.48
October. ...................
20,000.00
1m. 100. oo
• 1,087,875. 00
147, 913, 039. 48
November................. ..•••.•.... ... ... . .
29, 00.1. 00
• 536,349.65
m , 405,689. 83
December•.••...•.... :.....
5,000. 00
38,000.00
• 8,513,032.38
138,930, 65H5
Total .••••..••••.•... i---=700
= -,4:-::50c:-_-:007"l-----:6c:9:-l,-c4-:c50:-.-:--00:--l ·--3:-::5-,24=3,....,220=.-4-5·l--l-:38:-,-93:-::0-,65:--7-.4-5
1938
January .•.••••.••••.•.•.••........••.... . ... . .
5,000.00
1,236,619.09
137,699,038.36
Februsry •••.••.....•.•.•..
14,000.00
602, 985. 09
137, 096, 053. 'l1
March... . .................
10,000.00
I 825, 586. 61
136,270,466.66
Total, first quarter...
24, 000. 00
5, 000. 00
• 2, 665. 190. 79
130,270,466.66
1======,1====== 1=======1°=====
Grand total..........
431, 161, 450. 00
340, 541, 450. 00
• 204, 270, 983. 34
136,270,466.66
0
TOTAL, SEC. 5, TITLE I, OF THE AGRICULTURAL ADJUSTMENT ACT OF 1933, AS
AMENDED
(To Secretary of Agriculture to acquire cotton]
1933. . •• ••• • .. • • • .•• •• . • • • • .
1934.............. ..........
$3, 500, 000. 00
20,000,000.00
$3, 300, 000. 00
$3, 300, 000. 00
Grand total. .••••.•.. 1--23-,.,..500-,--,ooo=.""'00"7"" 1--.,.3,""'3..,.007 ,-:000c-:--.700c-+---:3-,300=,....,ooo=.-:oo-c- 1-. •-.-...-...-..-..•-••-••
TOTAL, SEC. 36, TITLE 11, OF THE EMERGENCY FARM MORTGAGE ACT OF 1933, AS
AMENDED
[Drainage, levee, irrigation, and similar districts, etc.]
1933._ •••••• ··········-·····
1934 •••• ············-·······
1935 .••••••..•.•.•••••••....
$7. 039, 114. OS
I 51,696,536. 88
I 32,160,694.14
$2, 413, 955. 10
9, 884, 268. 86
37,805,506.85
515,425. 31
3, 685, 488. 29
3,960, 278 00
4,876, 675. 70
642, 363.40
4, 336, 286. 70
1,902,132. 43
3, 453, 440. 18
1,222,904. 54
• 436, 066. 32
• 1, 702, 746. 00
806,603.24
• 27,540,410.11
1, 787, :tl,5. 64
73,345.48
1, 588, 205. 64
1,320,012.21
531,045.06
904,430.38
4, 032, 732.09
· n1, 607. 28
837,089. 72
902,784.62
538,028.02
1, 346, 261. 49
14,762,887.63
• 607,323.02
• 1,813,484.97
• 1,849,391.87
5,513,053. 69
363,806. 71
1,987,573. 21
2, 303, 942. 79
251,058. 04
402,939. 40
361,143.98
1, 724, 578. 45
1, 294, 402. 49
885,807.12
1, 397, 031. 81
1,248,609.10
3, 249, 522. 39
577,838.36
1,263,661.45
2, 276, 729. 80
470,325.43
2, 334, 770. 15
102,746. 17
57,600.62
422,578.55
14,287,220.95
$44. 09
$2,413,95.1.10
12,298,179.87
78,803. 49
50, 024, 883. 2:1
27,049. 98
6,000. 00
51,785, 178.&II
5.1, 852,524.37
53, 420, 230. 01
54,712, 25.1.i/1
1936
January•........••.......•.
February .•..............•.
March ....••............•..
u:~1..-.-_
::=======::::::::::
June .•.•••••.•....•.••.•••.
July . •••••.•• ••.•.•..••.•..
August ....•.....•.••••.....
September •....•.•..•.....•
October . . .•...•••..........
November .••...•.•..•.•.•.
December.•.•.....•.•••••..
Total ...•.....•.•.•..
20,500.00
27,986. 25
20,517. 00
17,001.59
42, 444 . 09
. 43,994.17
38,417.28
27,226.09
74,641.19
157,832.00
55, 222, 784. m
56, 110,212.82
60, 100, 500. 82
60, 958,113.93
61, 75/J, i~- 37
62, 632, 3H. 00
63, 095, 731. 73
64, 284, 161. 22
503,609.64
64, 284, 161. 22
6,368.94
29,035.06
73,886.68
131,093.04
164,838.06
104, 723. 45
83,657. 46
26,404.65
197,776. 64
120,854. 53
34,154.81
• 172,924.87
I, 145, 718. 19
65, 163,599.40
06, 531,596.15
67, 706,318. 57
70, 824, 747. 9'J
71, 237,748.22
72, 396, 686. 22
74, 589,758.56
75, 033, 679.34
77,170,672. 85
77, 152,564.49
77, 176, 010. 30
77, (25,663. ill
1937
January..••..•..•.•.•.•••..
February .•••••••.•.....••.
March .• •........•.•...••••
.April.. •••••.......•...•••••
May ..•.•.......•.••••••..•
June .••••.•.•.....•...•••..
July ••••....•...•.•••.••..•
August .••.• •.....••••..•..•
September .•...•••••.••.•.•
October . . •.. ........•••.•.•
November •.•.•.•.•••.•••••
December.•••.•.•••.•••••••
Total ••••••••••••••••
18, 472, 698. 62
Bee footnotes at end of table.
Digitized by
Goog Ie
77, 425, 663. 98
REPORT OF RECONSTRUCTION FINANCE CORPORATION
65
6.-Amount of authorizations, disbursements, repayments and other reductions, and amounts outstanding from Feb. 2, 1932, to Mar. 31, 1938, inclusive, by
classes and months 1-Continued
TABLE
TOTAL, SEC. 30, TITLE II, OF THE EMERGENCY FARM MORTOAGE ACT OF 1933, AB
AMENDED-Continued
Amount of
authorizations •
Year and month
Amount or
disbursements
Amount or repay•
ments and other
reductions
Amount outstanding at
end or period
1938
January___ ------···--·-- ___
February ___ -·---·····--·-_
March_.···----·-·--··- __ ..
$190,099.95
2,100,697.43
366,167.86
$434, 194. 07
170,815.17
61, 167. 66
$181,234. 70
101,831.55
'286,931. 73
$77, 678, 623. 35
77,747,606.97
77,521,842.90
Total, first quarter.. _
2, 656, 965. 24
666,176.90
I 569, 997. 98
77,521,842.90
Grand total. _. _·- __ . _
139,566,419.07
79,820, 016. 29
• 2, 298, 173. 39
77, 521, 842. 90
TOTAL, ACT APPROVED IUNE 10, 1933, AS AMENDED
1933-·-··-· -·-··- -·-·-·--·· _
1934.•••••.•.••• ··-· ·-·-·· ..
1935..... ·--···-·--· ..•. _.•.
$4,375,000.00
25, 850, 000. 00
150,000.00
$4, 375, 000. 00
25, 850, 000. 00
150,000.00
$92,000.00
100,000.00
$4, 375, 000. 00
30, 133, 000. 00
30, 183, 000. 00
1936
January.• -....•.•...•.•.••• ···-·-·············
MaY-···-·················· ............•......
June ...........•.•...•.•. _. ····-··············
July ....•.......•...•...•.•...................
August....................
4,000,000.00
October····-·····-·····--·· ······-···-········
November·-··········-···· .•..•..............
December.•...•...•.•.•••.. ····•-·············
4, 000, 000. 00
.•.....••..........
·····-····-········
.•....••...........
·-•-•··· .. .. . .. .. ..
4,000,000.00
.......••..........
····-···········•··
...................
4, 000, coo. 00
100,500.00
1,827.86
56. 95
125,000.00
.•..................
350,000.00
320. 55
4,000,672.14
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, 604, 622. 50
January·-·················· ..............•..........•.•..........
March.·················-·· ·······-··········· .................. .
May ..........•.•......••.................... _ .................. .
June.·-··-··--·········-··· ...•............... _..•••.............
July ...•• ••·••••••····· ......•...................•..•.......•.•..
August. .•..•••••.•.•..•.•.. ······· .............................. .
October ...••.•.•..•.••• ·-·· ..•......•........................•...
December.•...•..••.•.••••...........••..........................
1, 235, 000. 00
14,250.00
330,941.95
61,886. 73
126,243.05
30,000.00
13,580.26
4 25,025.26
28, 369, 622. 50
28, 355, 372. 50
28, 024, 430. 56
27, 962, 543. 82
27, 836, 300. 77
27, 806, 300. 77
27, 792, 720. 51
27, 767, 695. 25
Total. .••••••••••.•....••.........•....................•.•.
1, 836, 927. 25
27,767,695.25
20,000.00
407,305.19
13,000 ,JO
2~, 747,695.25
27, 340, 390. 06
27,327,390.06
'410,305.19
27, 327, 390. 06
' 7,047,609.94
27, 327, 390. 06
Total.._--··-········
1937
1938
January ....•....•••••••••.....•...•...•..........••.........•...
ift%ary ~::::::::::::::::: ::::::::::::::::::: :::::::::::::::::::
Total, first quarter •.•.....•....•.•....•.......•.....•...•..
Grand total.. ••••••••
34,375,000.00
34, 375,000. 00
1
LOANS ON PREFli;BRED STOCK OF INSURANCE COHPANIES
[Under the act approved June 10, 1933, as amended]
1933........................
1934.. •..•••...••••••••••. -.
1935..••••••.•••••••.•• ·-···
$4,375,000.00
25,750,000.00
150,000.00
$4,375,000.00
25,750,000.00
150,000.00
$92,000.00
100,000.00
$4, 37 5, 000. 00
30, 033, 000. 00
30, 083, 000. 00
l=====l=====,J======I=====
29, 982, 500. 00
29, 980, 672. 14
29, 980, 615. 19
29, 855, 615. 19
33, 855, 615. 19
33,505,615.19
33, 505, 294. 64
29, 504, 622. 50
Total. •••••••••.•••••
4, 000, 000. 00
4, 000, 000. 00
4,578,377.50
29, 504, 622. 50
See footnotes at end of table.
Digitized by
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66
REPORT OF RECONSTRUCTION FINANCE CORPORATION
6.-Amount of authorizations, disbursements, repayments and other reductions, and amounts outstanding from Feb. 2, 1932, to Mar. 31, 1938, inclusive, by
classes and months 1-Continued
TABLE
LOANS ON PREFERRED STOCK 011' INSURANCE C0!4PANIEs-Contlnued
Amount of
authori·
zations'
Year and month
Amount of
disbursements
Amount or repsyments and other
reductions
Amount out•
standin~ at
end of period
1937
1anuary _________________________________________________________
_
March_. __ __ _____________________ ____ ______ ____ _________________ _
May __ ___ __ ___ _______ ______ -------------------------------------June . . ___________________ . _ ---- ---- ------ - -- ___ _____ ___ ---- - ----JuJy
_____________________________________________________________
________ ____________ ------------------- -- ----- --------- ---_
August
October _________________________________________________________ _
December _____ ._ .. _________________ _____ ______ _____ ______ ___ ____ _
$28, 269, 622. 00
$1, 235, 000. 00
14,250. 00
28, 255, 3i2. 00
27, 924,430.5.\
330,941.95
61,886.73
27,862, M3. 82
27,736,300.77
126,243.05
30,000.00
27, 706, 300. 77
27,692,W.51
13,580.26
27, 667,695.25
'25,025.26
- - - -1- - - - - - - - 1 TotaL _______________ . __________________ 1
. ___-__-____________
.
27,667,695.25
1, 836, 927. 25
1938
January _______________ ______________ ___ __• ____ ____ ______________ _
February _________________________________ • _____________________ _
March __________________________________________________________ _
Total, first quarter ____________ _________ ___ ________________ _
Grand total. ________ _
$34, 27 5, 000. 00
$34, 27 5, 000. 00
20,000. 00
407,305. 19
'13,000.00
27, 1147, 695. 25
27,240,390.00
27, 22i, 390. 00
• 440, 305. 19
27,227,390.00
• 7,047,609.94
27,227,390.00
SUBSCRIPTION FOR PREFERRED STOCK OF AN INSURANCE O0.!PANY
IUnc!er the act approved June 10, 1933, as amended]
TOTAL, ACT APPROVED APR. 13, 1934, AS AMENDED
[Loans to finance the repair of damage by earthquake, flood, or other catastrophe in 1033, 1934, 1935, and 1936)
1934 ____ .. __________________ _
1935 _______________________ _
$160,430. 00
1, 101,285.00
$2, 150, 000. 00
150,000.00
$12,365. 00
$160,430.00
1, 249,350.00
5,848.26
1,262,651.75
1,268,SZl.62
1=====1======1=====
1936
January ____ ________________
50,000.00
February __ __________________________ ___ _• ___ _
March __ ____________________________ .. -----. ·April.. _______ •• __ -·-----___
629,517. 00
M ay___ ____________________
7PO, 667. 75
June. ____ . . _____ ___________
1,213,459.00
July_ _____ __ ______ __________
195,195.00
Au~ust___ ____ __ ____________
117,505.00
September.________________
62,345.00
Ontober____________________
46,575.00
November____ ______ _______
98,750.00
December__________________
80,750.00
TotnJ. ____ __________ _
3,274, 763. 75
19,100.00
6,500.00
12, 42,5. 00
17,690, 00
355,245. 00
172,261.23
234; 325. 42
259, 62i. 93
126, 13LOO
100,102.88
176,200, 00
143,851.92
1,971.23
7,354.14
34,307. 4.6
~. 347. 19
4, 8!12. 72
973, 124.98
10,~56
II. 215. 95
9,901.09
18,860. 56
1, 623, 560. 38
1, 083, 196. 06
1, 789,714.32
65,738.25
55,708.59
24,625.00
102,800.00
57,600.00
38,000.00
49,900.00
38,300.00
42,700.00
30,130.00
28,510.00
36,560.00
15,081.27
16,597.33
17,036.22
18,032.55
29,319.28
35,849.53
'28,856. 50
1, 840, 371. 30
I, 879,482 fi6
1,887, 0il.34
1,971, s:\5.79
2, 000, 119. 51
2,002,269.98
2, 029. 4S6. JO
2. 03.\, 419.09
2, Cl:K<, 915. 32
2, 040, lf8. 85
2,047,714.57
2, 055. 418. 07
570,571.84
• 304, 868.09
2,055,418.07
327. 93
1, 279,m.59
1,289,613.45
I, 610, 550. 99
I, 777,465. Ill
2. 006, 907. 73
1,m,m. 68
1, 409, 4Si. 12
I, 498, Jil.o.l
1,664,722.96
1,789, 7102
1937
January ___ --------·-------February_----------------·
r ;a!yt1h_ ---------- ---------ME
15,900. !10
6,325.00
2
~:
31, 700. 00
30,000.00
5,300. 00
14,500.00
I, 000. 00
12,000.00
m: gg
June.--··-----------------July __ __ ___ _________________
Aumst.______ ____ __________
September__ __ _____________
October. _______ ____ ____ .. __
November ____________________________ .. _. ___ _
December__ ____ ____________
600. 00
Total_------------·-_
145,525.00
22,683.88
32,367. 01
39,203.77
28,856.47
20,984.28
Bee footnotes at end of table.
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REPORT 01!' RECONSTHUCTION FINANCE CORPORATION
67
6.-Amount of authorizations, disbursements, repayments and other reductions, and amounts outstanding from Feb. 2, 1932, to J'vfar. 31, 1938, inclusive, by
classes and months 1-Continued
TABLE
TOTAL ACT APPROVED APR. 13, 1934, AS AMENDED-Continued
Amount ol
Year and month
authorizations 2
Amount of
disburse-
ments
Amount of repay•
ments and other
reductions
Amount out•
standing at
end of period
1938
January....................
$14,000. no
$2,600.00
Febmary ....................................................... .
March .....•.....................................................
Total, first quarter ..
Grand total. ........ .
$25. 912. 46
17,540.39
' 15,463.02
$2,032, 105. 61
2,014, 5fi5. 22
1, 99?, 102. 20
14,000.00
2,600.00
' 58,915.87
1,999, 102. 20
= 0 1=======1=======1======
5, 734, 28S. 75
3, 45~, 447. 22
I 1,459,345.02
1,999, 102. 20
TOTAL, SEC. 14 OF THE ACT APPROVED JUNE 19, 1934, AS AMENDED
[Loans to borrowers engaged in the mining, milling, or smeltin~ of ores]
19.15....................... .
1936
January....................
February..................
March.....................
$15,000.00
$6, 307, 000. 00
$932, 000. 00
$917. 000. 00
==l======l=======I======
335,000.00
185,000.00
351.000. 00
April.......................
255, 000. 00
May.......................
554, 000. 00
June.......................
18fi, 500. 00
July........................
140,000.00
AugusL ..•....................••.•...... · ····
September.................
292,500.00
·October....................
252, 500. 00
Noveml!er. ................
20,000.00
December..................
39, 000. 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
Total. .•.............
2, 610, 500. 00
940,500.00
1937
January....................
~abrrcuhary.... .. . ..... ... . . .
S50,000. 00
• 333, 000. 00
20,000.00
343,000.00
64,000.00
100. 000. 00
57,000.00
20, 000. oo
606, 000. 00
37,000.00
19,000.00
148,000.00
110,000.00
125,000.00
286,000.00
30,000.00
199,000, 00
· 131, 000. 00
34,000.00
51,000.00
124,000.00
2, 363, 000. 00
I, 294, 000. 00
April.......................
May.......................
June.......................
July........................
August.....................
September.................
October..................................... .
November.................
250,000.00
December..................
20,000.00
Total. ......•.....•..
80,000.00
--------------------------------------30,000.00
40,000.00
305,000.00
25,000.00
----------------------------------------------------------------------------40,000.00
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
1, 259, 500. 00
1, 306, 500. 00
1,337,500.00
520,000.00
1,337,500.00
30,000.00
60,000.00
30. 00'0, 00
25,000.00
20,000.00
20,382.27
50, 114. 54
• 140, 885. 46
1, 344, 500. 00
1, 363, 500. 00
1, 438, 805. 79
I, 548, 805. 79
1, 653, 805. 79
1, 879, 805. 79
1, 879, 805. 79
2, 053, 805. 79
2, 164, 805. 79
2, 178, 423. 52
2, 179, 308. 98
2, 162, 423. 52
469,076.48
2,162, 423. 52
3,175.16
2, 230, 248. 36
2, 349, 248. 36
2, 490, 248. 36
-------------------72,694.21
-------------------20,000.00
1938
r:}{:~;;·················. :=======t· 000. 00=
Total, first quarter...
Grand total..........
71,000.00
11_9, 000.00
151,000.00
-------------------1 10,000.00
1 13,175.16
20, 000. 00
341,000.00
l======•l======cl=======lc
11, 300, 500. 00
3, 507, 500. 00
• 1, OJZ, 251. 64
2, 490, 248. 36
2, 490, 248. 36
See footnotes at end of table.
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68
REPORT OF RECONSTRUCTION FINANCE CORPORATION
6.-Amount of authorizations, disbursements, repayments and other reductions, and amounts outstanding from Feb. 2, 1932, to Mar. 31, 1938, inclusive, bu
classes and months 1-continued
TABLE
TOTAL, SEC. 16 OF THE ACT APPROVED JUNE 19, 11134, AS AMENDED
[Loan to a public•scbool authority for payment of teachers' salaries due prior to June 1, 1934]
Amount of
authori•
zations •
Amount or
disburse•
ments
11134. ············ ...........
$22, 500, 000. 00
$22, 300, 000. 00
$22, 300, 000. 00
--------------····
Grand total ....•.•...
22, 500, 000. 00
22, 300, 000. 00
22, 300, 000. 00
------------------
Year and month
Amount of repay•
ments and other
reductions
Amount outstanding at
end of period
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]
1936
January....................
February..................
April.......................
June.......................
August.....................
September.................
October....................
December..................
Total.... ..........•.
$383,000.00
80,800.00
208, 500. 00
61,000.00
564,420.47
25i, 000. 00
30,000.00
181,000. oo
...........................................•.............
1-------1-------·1--------I-----1, 765,720.47
1937
January....................
15, 500. 00
March.....................
153,000.00
April.......................
72,000.00
May ........•..••.......•...••....••••.•••••..
July ..............••...••.••.........•..•.....•
Augnst ..•.•...........•..••.....•..•..•.......
September.................
579. 53
November ..................•....•.••......•..
Total................
Grand total..........
241,079.53
··················-·
·····-·········-····
···········-···-·-··
·•••·•·••••••••··••·
••·•···•··•••··••···
$53,420.17
53,420.47
53,420.47
75,920.47
91,420.47
135,~.70
148.420.02
150,000.00
150,000.00 •..•.•.•••..•••••••.
150,000.00
$53,420.47 ···········-········
22,500.00
15,500.00
43,666.23
13,333.32
1,579.98
1======,1=======!=======1,=====
2,006,800.00
150,000. oo
(')
150,000.00
TOTAL, ACT APPROVED MAY 20, 1936
[Loan to the Rural Electrification Administration)
1936
October....................
Total... •••.•••.• ....
1937
$1,000,000.00
$100,000.00 ••..••.....•••••••••
$100.000.00
1,000,000.00
100,000.00 ...............•....
100, ODO.OD
1-------1-------l·-------1-----l=====,l=====,l======l=====
February ..•.•....•••........••••••.•.••......
March ....•••••••••.........•.•...............
April.......................
15,000,000.00
M'ay .......•...•••.•••......•..•... ··········•
June.......................
30,500,000.00
July ......••....••.•.•••••...•••••............•
August ....•..•......•••••...•••••........•.•..
September ......•.....•••...•.•••••.....••....
October .....••.••...•.••••..•••...••.....•....
November .••••••.•.....••.•.•••••••.•.•......
December ...••••..•.•.•.•.......•.•.•..••...•.
Total................
45,500,000.00
298, 000. 00
200,000.00
402, 000. 00
1,400,000.00
1,600,000.00
900, 000. 00
1,050,000.00
2, 475, 000. 00
3,275,000.00
5,150,000.00
4,750,000.00
···············-····
·········-··········
················--·...•••...•..••••••••
$2,425. 46
·•••••••·•·•·••·••··
·········- .•••••....
·••·················
·••·················
················•··•
21,500,000.00
2,425.46
398,000. Oil
598,000.00
1,000,000.00
2,400, ODO.DO
4,000,000.00
4,897, 5iUI
5,947,574. 5!
8,422,574. 5!
11,697.571. 5!
16,847,574.5!
21,597,574.54
21,597,571.5'
l=====,l=======i======-=I=====
See footnotes at end of table.
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REPORT OF RECONSTRUCTION FINANCE CORPORATION
69
6.-Amount of authorizations, disbursements, repayments and other reductions, and amounts outstanding from Feb. 2, 1932, to Mar. 31, 1938, inclusive, by
classes and months 1-Continued
·
TABLE
TOTAL, ACT APPROVED MAY 20, 1936-Cont!nued
Year aad month
1938
Amount of
authori•
zations2
1anuary.................... ...................
February.................. ...................
March..................... ...................
Amount of
disburse•
ments
Amount of repay•
ments and other
reductions
$4,457,000.00 .•••••••••••••••••••
3,450,000.00
2,250,000.00
(')
Amount out•
standing at
end of period
$26,054,574. M
29,504,574.54
31,754,574. M
l-------·1--------1--------1-------
Total, first quarter... ...................
10,157,000.00
(')
31,754,574. M
l======,l=======l=======l,======6 $2,425.46
31,757,000.00
31,754,574.54
Grand total. .•••••••.
$46, 500, 000. 00
1 Figures by months for 1932, 1933, 1934, and 1935 are shown for all classes in table 6 of the report for the
fourth quarter of 1937. Certain monthly figures for 1934 and 1935 have been revised since the report for the
fourth quarter or 1937. These revised figures are shown below:
Tctal amount authorized, .ec. ~6, title II, of the Emergencv Farm Mortgage Act of 1933, aa amended
(Drainage, levee, irrigation, and aimilar districts, etc.)
1934: July•••••••.•••••.•••••••••••••••.•.•••••••••••.•.•••••.•.•.•.•.••....•.••. $3,719,699.17
1935:
May........................................................................ 1, 656, 584. 51
November..................................................................
641,956.80
1 These figures have been adjusted on account of rescissions.
1 Includes $193,618,000 representing refinancin~ of loans previously made by the Corporation to Federal
land banks for different individual amounts, hut in the same aggregate amount.
• Revised.
1 Exclusive of repayments unallocated, pending advices, as of Mar. 31, 1938.
• Or this amount, $282,825,766.70 represents cancelation of the Corporation's notes, pursuant to the provisions or the act approved Feb. 24, 1938, equivalent to the balance of the amounts disbursed for relief and
work relief under title I of the Emergency Relier and Construction Act or 1932, as amended.
'Includes authorizations of $1,604,712,664.99 to the Commodity Credit Corporation, of which $760,115,407.•
lli was disbursed and $665,066,428.54 was repaid.
1 Represents cancelation of the Corporation's notes, pursuant to the provisions of the act approved Feb.
24, 1938, equivalent to the balance of the amounts disbursed.
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7.-Loans to aid in the reorganization or liquidation of closed banks and trust companies from Feb. 2, 1932, to Mar. 31, 1938, inclusive, 'l
by States (includes loans to receivers, liquidating agents, and conservators, and loans through mortgage loan companies to aid in the reorgani- 0
zation or liquidation of closed banks, under sec. 6 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)
TABLE
~
::_,,j
BANKS AND TRUST COMPANIES
State
Amount authorized
National 1
All others
Amount withdrawn or canceled
Amount withdrawn or canceled
Amount disbursed
Amount authorized
'ti
0
~
Total
Amount disbursed
Amount authorized
Amount withdrawn or can ..
celed
Amount disbursed
0
"'.l
~
t.".l
0
cg:
N.
(1)
Q_
~
CJ
0
~
~
Alabama ____________________ $1, 173, 300. 00
Arizona _____________________
217,000.00
Arkansas ____________________
1,785,200.00
California ___________________ 13, 948, 484. 71
Colorado ____________________
I, 867,950. 20
Connecticut _________________ ---------------District of Columbia ________ 16,300,241. 35
Florida ______________________
1, 866, 300. 00
Georgia _____________________
513,800.00
Idaho _______________________
3, 628, 400. 00
lllinois ______________________ 37, 756,212.96
Incliana _____________________ 21,053,926.87
Iowa ________________________ II, 401. 002. 20
Kansas _______________________
2, 285, 700. 00
Kentucky ___________________
8, 95(1, 572. 41
Louisiana ___________________
Maine ______________________ 11, 336,300.00
778, 200. 00
Maryland ___________________
3, 499, 036. 28
Massachusetts ______________
9, 375, 700. 00
Michigan ___________________ 259,151,043.68
Minnesota __________________
2,589,247. 13
~~~~~~~y~i:~==
2, 902, 400. 00
7,971,500.00
0
$382, 402. 20
67,600.00
325,401.29
2, 842, 593. 37
439,019.63
---------------2, 129,748.39
720,503.82
204,631.45
364,206. 73
9,144,919.69
4,542,748.60
2, 322, 863. 26
655,044.60
2. 04 7, fi68. 86
231,300.00
750,835.32
578,075.59
2,383.237. 02
45, 599, 822. 20
558,392.52
599,675.00
2,307,758.68
126,200.00
355,418.61
80,000.00
== == ===== =====
Montana____________________
46.5, 200. 00
Nebraska ___________________
1,518,126.58
Nevada _____________________
905,000.00
New Hampshire ____________ ---------------- ---------------New Jersey _________________ 23, 729, 489. 91
6, 556, 279. I.I
New Mexico ________________
New York __________________
North Carolina _____________
North
Dakota. ______________
Ohio ________________________
65, om.oo
44, 134, 593. 35
6, 040, 000. 00
2, 589, 2fi4. 68
14, 212, 664. 07
25,800.00
6, 202, 385. 78
I, 790. IY2. 11
919. 748. 12
3, 272, 729. 27
$5, 107, 812. 46
$2, 703, 267. 89
$2, 404, 544. 57
$790, 897. 80
117, 198. 27
130,301. 73
149,400.00
247. 500. 00
1, 428, 948. 71
8. 487. 618. 44
3, fi36, 852. 33
4, 850, 766. 11
W3,443. 90
3,073,237. 54
11, 093, 301. (12
3, 366, 681. 44
2,951. 70
68,548.30
71,500.00
I, 428, 930. 57
3,331,000. 00
675,234.48
2, 655, 765. 52
---------------13, 218, 892. 96 ------------------------------3, 024, 308. 48
I, 932, 763. 79
4,957,072. 27
1, 145. 796. 18
4,662,195.48
2, 056, 933. 06
2, 605, 262. 42
309, lll8. 55
3, 2fi4, I93. 27 ---------------- ---------------- ---------------28,120,413. 27
30, 1108, 964. 86
10,976,015. 42
19. 032, 949. 44
16,345,478.27
6. II I-!, 975. 85
2, 480. 045. 34
3. 564, 930. 51
I, 0\18, !GS. 76
6, 3:12, 5:1 I. 24
9, 05ti, 438. 94
7,430,700.00
5:m, 242_ 84
871. 757. 16
1, 630, (155. 40
I, 411,000.00
835,911. 29
1, 2:!1. 788. 82
3115, 877. 53
6,473,903.55
36. 481.1, ()()9. 16
l05, 000. 00
47,550, 166. IO
10. 789, 58f>. 02
31, 8!i8, 776. 50
3,374,615.84
28, 484, HiO. fill
10, 9\10, 764, 68
10, 209, 02-1. 00
I, 686, 286. 22
8,582, 737. 78
2, 855, 5U0. 69
6,974, 41)2. 98
25, 41iS, 148. 32
2, 5fil. 473. 52
22,871,674.80
61,084.634. 44
20, 822, 649. 21
38, 739, 105. 11
213. 457. 943. 39
3, 130,100.00
2,370,467.20
759, 6:12. 80
2,027,654.61
95ti, 326. 95
3, titl2, 2:12. 99
2, 302, 725. 00
4,618,559.94
5, 6M, 741. 32
9, M3, 227. 37
2,018,844.67
7,520, 993. 27
674,000.110
499,613.66
337,500.00
76,386.34
1,141,523.58
2, 532, 978. 69
81.1, 844. 20
1, 717,134.49
1,977,364.19
395, 8fi1. 39
I, 546,008. 25
693,300.00
500,000. 00
:!9, 597. ti9
460,402.31
---------------16, 985, 141. 76
9, 234, 000. 00
4,514,574.59
4, Of\9. 425. 41
34,996.50
378,477.04
:l9, 200. 00
413,473. !i4
9,893, 87:l. ;19
7, 168. 49fl. 15
36, 897, 505. 29
17,062,369. !i4
:t •WI, i8fi. f>4
4. fl 19, 964. 84
5, mo. i07. sg
8,081, 751. 48
1,669,516.50
10, 733, 034. 80
52,079.30
253, 880, 592. 50
12,247.68
37,606,795.46
31..l, 8:31. 62
171,380,291.25
$6,281,112.46
464,500.00
10,272,818.44
17,315.166. 15
I. 9:Jo, 450. 20
3,331,000.00
16,300.241. 35
6, 823, :172. 27
5. 175,995.48
3, 628, 4110. '_lO
67, 7fi5, 177. 82
27, 1.198, 902. 72
18, &11, 702. 20
3, 696, 700. 00
10,188,361. 23
47, 88fi. 4fi6. LO
43. 1,16, 976. -50
13,768. ono. 28
34, 84:l. 848. 32
320, 235, ti78. 12
5,719,347.13
7, 520, 959. 94
17,614,727.37
1, 139, 200. 00
4,051,105.27
2,882. 3f>4. 19
500, 000. (YJ
32, 96:1, 489. 91
478,473.54
61. 1911, or.2. 80
15, rnH, 651. 48
2,641,343.98
268,093,256.57
$3, 085, 670. 09
$3, 195, 442. 37
184,798.27
3, Yli2, 253. 62
3, 136, 037. 27
441,971.33
675,234.48
2, 129. 748. 39
3, i44. 812. 30
2, 261, 564. 51
3M. 206. 73
20, 1211, 9:15. 11
7,022,793.94
3,421.032. 02
I, 194,287.44
2. 443, 546. :!9
11. 020, 886. 02
4,125,451.16
2, 2(i4, 361. 81
4,944,710.54
66,422,471.41
2, 928, 859. 72
1,556, ()()I. 95
4, 326, f,()3_ 35
202,586.34
1,171,262.81
475,864.39
30,507.69
ll, 070, 853. 74
279, 701. 73
6,279,714.82
14, lli6, 539. 16
I, 497,478.87
2, fi55, 765. 52
13,218,892.96
3, 078, 559. 97
2,914,430.97
3. 264, 193. 27
47,153.362. 71
19. 910,408. 78
15, 388, 970. 18
2, 5112, 412. 56
7, 3119, 814. 84
36, 585, 009. 16
39,474,925.34
11,438,298.47
29,846. 137. 78
252, 197, 048. 50
2,787,287.41
5,964,957. 9Y
13, 175, 734. 5Y
837. 113. 66
2, 858, 658. 07
2, 2:m, 3os. 2,
460,402.31
21,054,567.11
417,677.04
46,791,378.61
8,621,404. 53
I, 709,348. I~
182, 113, 326. Ot
60,706.50
13,370,881.03
6,410,156.95
931, 9Y5. 80
40, 879, 624. 72
0
z
YJ
H
~
~
0
H
....
~
...."'.l
z
>
~
t.".l
0
0
~
~
~....
0
z
Oklahoma___________________
Oregon______________________
2, 26i, 303. 1b
992,548.39
1,268,754.76
3,237,800.00
391,767.84
2,782, 132. 16
Pennsylvania_______________ 80,786,284.97
21,138,244.60
58,527,740.37
Rhode Island _______________________________ -------------------------------South Carolina______________
6,651,680.14
1,423,048.19
5,171,631.95
South Dakota_______________
1,295,184.30
272,670.62
1,018,563.68
Tennessee _______________ •• __ 16,761,143.68
971,879. 72
15, 703, 6f>3. 96
Texas_______________________
5,966,434.14
1,007,946.55
4,954,487.59
Utah _____________ .__________
39,500.00
4,500.00
35,000.00
Vermont____________________
1,349,800.00
28i, 800. 71
1,064,999.29
Virginia_____________________
2,199,700.00
412,334.96
1,787,365.04
Washington_________________
9,255,369.82
1,061,411. 79
8,193,958.03
West Virginia_______________
8,187,884.16
1,214,493.37
6,964,990. 79
Wisconsin___________________
7,045,721, 08
1,636,766.26
5,408,954.82
Wyoming __________________ _
PuertoRico ________________ _
769,91s. oo
733,920.25
48,303,479.65
1,373,413.40
2, 264, 763. 16
1, 223, 548. 26
1, 492, 87 5. 64
6, 933, 607. 27
4, 388, 776. 52
5, 320, 500. 00
11,314,516.19
4,717,256.00
6, 632, 006. 05
185,500.00
J , 485, 000. 00
438,320.34
235,022.55
24, 239, 936. 17
248,409.55
263,153.31
745,173.34
539, 733. 70
803,137.19
2, 391. 822. 86
911,883, 25
1, 653, 154. 05
2, 048, 867. 28
4, 618, 539. 98
185,500.00
331,597.66
498,897.70
24, 063. 543. 48
1, 118, 130. 04
2,001,609. 85
385,619.57
953,141.94
6, 130, 470. 08
1, 996. 953, 66
------------
i::tg~~: I~
2, 668, 388. 72
2, 013, 466. 07
TotaJ _________________ I 6.59,964,561.82 [129,339,614.26 [525,363,944.08 [661,529,135.92 [167,187,211.03 [444,138,457.91
1 Includes
District of Columbia banks and trust companies.
3,031,221.15
3,971,720.25
129. 089, 764. 62
1, 373, 413. 40
8, 916, 443. 30
2,518,732.56
18,254,019.32
12, 900, 041. 41
4, 428. 276. 52
1, 349, 800. 00
7, 520, 200. 00
20. 569, 886. 01
12, 005, 140. 16
13,677, 727. 13
185,500.00
1, 485, 000. 00
l, 430, 868. 73
626,790, 39
45, 378, 180. 77
248,409.55
1, 686, 201, 50
1,017,843.96
1,511,613.42
1,811,083. 74
2, 396, 322. 8(l
284,800. 71
I, 324, 218. 21
2,714,565.84
3, 263, 360. 65
6, 255, 306. 24
185,500.00
1, 600, 352. 42
3,281,029.86
82, 591, 283. 85
I, 118,130.04
7,173,241.80
1~:~:~:~
11, 084, 1/57. 67
~
~
2, 031, 953. 66
1, 064, 999. 29
6, 195, 981. 79
16,855,320.17
9,633,379.51
7, 422t 420. 89
~
959, 502, 401. 99
(j
0
!;lj
,,3
~
tr:
1,321,493,091. ,4 1 296,526,825.29
0
~
17J
,,3
::0
§
,,3
...,
~
',j
...,
~
~
0
i:"J
N.
0
cg:
(1)
0.
~
CJ
0
~
~
0
::0
'il
0
~
,,3
...,
0
~
---l
I-"
72
REPORT OF RECONSTRUCTION FINANCE CORPORATION
8.-Loans on and purchases of preferred stock, and purchases of capita, notei
or debentures, of banks and trust companies, disbursed from Mar. 9, 1933, to Mar.
31, 1938, inclusive; and outstanding as of Mar. 31, 1938 (under sec. 304, Title Ill,
of the act approved Mar. 9, 1933, as amended)
_
TABLE
BANKS AND TRUST COMPANIES
TOTAL
Disbursed
State
Number of
banks and
trust.
companies I
Alabama...................................
Arizona....................................
Arkansa.s...................................
California..................................
Colorado...................................
Connecticut................................
Delaware...................................
District of Columbia.......................
Florida.....................................
Georgia....................................
Idaho......................................
Illinois.....................................
Indiana....................................
Iowa.......................................
Kansas.....................................
Eiii~~i~t:::::::::::::::::::::::::::::::::
Maine.....................................
Maryland..................................
Massachusetts ..................... '........
Michigan..................................
Minnesota.................................
t:~~~~r~i:::::::::::::::::::::::::::~:::::
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..................................
Texas......................................
Utah.......................................
Vermont...................................
Virginia....................................
Washington................................
;r:io!~t~'.~::::::::::::::::=:::::::::::::
Wyoming..................................
Alaska.....................................
Puerto Rico................................
Virgin Islands..............................
TotaL................... ............
Subscriptions for preferred stock of:
Export•Import Bank of Washington...
Second Export•Import Bank ol Wash·
ington, D. 0.........................
70
5
113
121
56
39
11
7
40
86
24
221
281
139
198
m
Amount
$15, 8.53, 575. 00
2, 430, 000. 00
4,419,000.00
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
00, 731, 114. 17
16,741,250.00
JO, 248,000.00
5,272, 750 00
1~:
m: ~: ~
31
65
67
183
257
9, 125,500.00
9,078, 170. 00
16, 674, 200. 00
40,624. 6/ll. 00
17,322,025. 00
~:57
M:4, :iu~gJg
030, 500. 00
148
4
9
206
19
476
132
129
387
46
53
286
4
35
119
121
403
41
55
132
94
8,440,150.00
205,000.00
751,635.00
74,722,016.07
715,000.00
315,284,089.16
7,463,500.00
4,014,500.00
92,322,237.00
JO, 934, 000. 00
I, 950,000.00
45,995,096. 50
898,500. 00
2,771,800.00
4, 4~8. 100. 00
12, 559, 050. 00
31,374,125.00
3,995,000.00
15,795,000.00
JO, 694,650.00
6, 064, 500. 00
Outstanding
Number of
banks and
trust
companies'
50
Amount•
167
241
114
172
$9,427, 966.JS
I, 252, 562. 39·
3,571,767.39
25,804,114.49
2, IH9, 600. 00
6,144,991.21
317. 300.00·
2,207,800.00
I, 509,482.82
3, 187, 656. 56
I, 734,700.00
34,715,004.22
11, al7, 215. oo·
6,034,630.00
3,997,549.55
29
62
46
158
JOO
7,326, 1\52. ro
9,625,368.00
31,194,519.61
8,652,944.06
2
94
74
50
38
JO
7
38
73
22
1
~~
rn~
1:6,459,171.19
m: m~
~: rJ: ~~::
113
328
33
52
119
67
I, 551,200.00
4,093,705.62
101,000 00
238,635.00
64,372. 091.li
609. 925.00
65,751.497. 16
5,738,638.69
2,542,475.00
56,457,467.88
2,829,336.00
J, 040, 900. 00'
36,957,132.63
703. 700. 00
2,001,800.00
3,009,305.29
JO, 843,675.00
20,667,256.61
2,246, .\61. 43
15,277,775.00
7,073,912.50
2, 778,440.00
41
119
3
5
189
17
335
109
113
300
35
34
250
4
32
99
J~23
3g:I, m:
?g/l: g/l
367,500.00
:Ji17
2t?~:~~
~;
909,768.56
I
3
I
37, 1i00. 00
1,250,000.00
125,000.00
2
1
.
450,000.00
121, CJ00.00
6,083
1,069,230,036. 56
4,986
544,571,346. i8
1-----1-------1----·t-----20,000,000.00
20,000,000.00
2,500,000.00
1----
0rand total........................
6,085
I, 091, 730,036.56
4,987
See footnotes at end of table.
Digitized by
Google
564,571,316. i8
REPORT OF RECONSTRUCTION FINANCE CORl'ORATIO~
73.
S.-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~
SJ, 1938, inclusive; and outstanding as of Mar. 31, 1938 (under sec. 304, title III,
of the act approved Mar. 9, 1933, as amended)-Continued
TABLE
NATIONAL'
Disbursed
State
Alabama__________________________________ _
Arizona ___ • ___ • ______________________ . ____ _
Arkansas _________________________________ -California _________________________________ _
Colorado __________________________________ _
Connecticut _______________________________ _
Delaware
-------------------------District of________
Columbia
______________________ _
Florida.. ___________________________________ _
Georgia __________ ---- --- ----- ---- ---- -- -- -Idaho ____________________________ -- -- -- --- Illinois ____________________________________ _
Indiana
________________ ---- -- -- - - -- -- -- -- --_
Iowa ______________________________________
Kansl\S _________________________ • ___ • ______ _
Kentucky _________________________________ Louisiana.
______ • __ •. -- . ----- -------- - - --- -_
Maine _____________________________________
M,•viand ________________________________ - _
Massachusetts
_________________ --- --- --- -- -_
:\!ichigan
_________________________________
~finne..'mta __________________ --------- ------
~~:: ~~:fPL::::::::::::::::::::::::::::::::
!\lontana______________________ • ____ . ___ . _. _
Xebraska _________________ --- _--- -- -- -- -- --
~:;·re;:~~~'.~~===========================
New :\Iexico_
------------------------------_
1/ew
York ________________________________
Korth Carolina ____ -----------------------Xorth
Dakota ______________ ---- -- --- -- -- - --_
Ohio ______________________________________
g~~;~im•-~~::::::r::::::::::::::::::::::::
Pennsy}Yania __________________________ • __ _
Rhode Island ____ -------------------------South
___________ -------- -- -- --- -- -_
South Carolina
Dakota _____________________________
Tennessee _________________________________ _
Texas _____________________________________ _
Utah _________________________________ • ____ _
r~f~t":a~ ::=::::=::=:::::::=::::::::
Virgin Islands_____________________________ _
Total _______________________________ _
Number of
banks and
trust
companies•
Amount
1
$10, 996, 800. 00
1, 540, 000. 00
1, 570, OUO. 00
19,899,925.00
4, 118, .,uo. 00
3, 72;J, 42/l. 00
137,300.00
1, 100, ooo. 00
1,330, (100. 00
1, 722, 500. 00
1,090,000.00
83, 8fi0, 114. 17
7, 188, 500, 00
6, 44 7, 500, 00
2, 282, 50(), 00
3,397,350.00
4, 4110, 000, co
2,610,000.00
2, 728, 170. 00
10, 723,200.00
20,400, 160. 00
13,547,525.00
2, fi,12, 650. 00
8,517,125.00
1, 511,()(10. 00
5, 834, 950, 00
175,000.00
651,635.00
29, 449, 435. 82
410,000.00
127, 966, 605. 83
1,905,000. 00
2, 410, 500. 00
35, 500, 737. 00
10,874, ono. oo
890,000, 00
20, 67~. 73fi. 50
648,500.00
1,505,000.00
2, 9.'\4, 100. 00
8, OU2, 500. 00
23, 621, 625. 00
1, 32,>, 000. 00
560,000.00
3,917,400.00
2,740,000.00
3, 44,>, 066. 66
15, 39.o, 100. 00
702,500.00
37, SOO. 00
125,000, 00
2,033
519,280, 136. 98
26
3
24
62
32
16
4
2
13
18
9
130
51
47
46
29
15
13
13
43
52
97
15
30
20
49
3
8
135
6
239
18
31
83
40
20
200
3
6
27
27
147
8
9
36
23
36
57
10
1
Outstanding
Number of
banks and
trust
companies•
12
1
16
38
28
15
4
2
12
Amount•
23
124
7
8
28
16
28
45
6
$5,664,577.39
1,227,600.00
I, 196,600.00
14, 326, 3 72. 82
2,216, 150. 00
3, 268, 092. 50
130,300.00
939,800.00
800,200.00,
I, 038, 375. 00
916,050.00
30, 790, 579. 22
3, 368, 165. 00
3,070, 350. 00
1, 677, 700. 00
2,192,450.00
3, 492, 200. 00
1,395,445.00
2, 088, 540. 00
5, 928, 408. 00
15, 164,038.61
6, 409, 38.1. 16
2,054,591.62
2,330,875.00
470,340.00
2, 872, 900. 00
72,000.00
138,635.00
25,097,027.26
339,950.00
21, 182,488.83
932,850.00
I, 106, 775. 00
20, 209, 667. 88
2, 7i3, 711. 00
165,700.00
14,012,108.67
455,000.00
1,330,750.00
2, 020, 805. 29
6, 6,52, 500. 00
15, UGI, 370. 77
920. 811. 43
424,000.00
1,615,195.00
1, R45, 125. 00
1,756,809.97
11,911,916.17
330,650.00
1,600
245, 507, 430. 59,
14
8
106
37
36
40
24
13
11
11
26
43
66
15
21
14
43
2
4
120
6
184
16
21
68
29
7
171
3
5
22
------------ -----------------121,500. OO·
Bee footnotes at end of table.
Digitized by
Google
'74
Rl~PORT OF RECO::-.STRUCl'ION FINANCE CORPORATION
8.-Loans on and purchases of preferred stock, and purchases of capital nolu
or debentures, of banks and trust companies, disbursed from Mar. 9, 1933, w Mar.
31, 1938, inclusive; and outstanding as of Mar. 31, 1938 (under sec. 304, title Ill,
of the act approved Mar. 9, 1933, as amended)-Continued
TABLE
STATE MEMBER
3
Disbursed
State
Alabama __________________________________ _
Arizona ________ -·---------------------------
Numherof
banks and
trust
companies 1
4
1
5
5
3
1
2
7
4
15
Outstanding
Number of
banks and
trust
companies 1
Amount
Wyomiug ... ·-·····-······•······••·······-
5
7
5
5
2
4
8
39
4
26
8
4
28
3
79
3
37
1
3
16
4
2
22
12
4
16
5
15
3
$3, 502. 100. 00
840,000.00
i30, 000. 00
15, .100, 000. 00
230, 000. 00
1, OUO. 000. 00
275. 000. 00
1, 160,000.00
810,000.00
2, .l.',O, 000. 00
1, 805. 000. 00
1,170.000. 00
192,500.00
2, 27 5, 000. 00
2, ROU. 000. 00
2. lfiO, 000. 00
2, 300, 000, 00
3. 376, 000. 00
12, 3,,:l, 921. 00
63,000.00
8, 3f>.5. 000. 00
1,607,500.00
171. iOO. 00
21,430. 90,;, 25
47. !i00.00
140,914,233.33
1,700,000.00
37, 162• .100. 00
10. 000. 00
6.1, 000. 00
10, 056, 3f,0, 00
15.5, 000. 00
225,000.00
6i0, coo. 00
1. 590, 000. 00
2, 275, 000. 00
2,010,000.00
65,5. 000. 00
3,012,500.00
80,000.00
TotaL .... ·············-·············
426
287,285,719.58
Arkansas ___________________ - -- - -- -- __ -- - - --
California_.
-- -•. -- -- - - - __ ---- -· -- -- - - - - ----- -_______________________________
Colorado
District of Columbia ______________________ _
Florida_.
___ ----------------------- -- -- ----_
Georgia. __________________________________
I,hho __ . -- -- -.. - -- _- -- --- • - - - - -- - -- - - - - - - -Illi no(s ______ •• ______ ....... _. _. _. _______ . _.
Indiana __ .. ___ . ___ •.•. _...•...........•. __ _
Iowa ___ ._._-· .•. _.. _.•.... _.. _..... -·_._ .. _
Kansas ____________________________________ _
fi~fs1~~[: := ==::: :: ::: :: :: ::::::::: :: ::::::
l\faine-·----········-······---·----·------Maryland __ -· -·. ______ -·--·. _.. _. ______ . _. _
1\lassachusetts_ .. ___ ... _. _-........ _- -. _. __
Michigan. __ ----------------------- -- -----Minnesota._------------------------------Missouri __________________________________ _
Montana _____ .•.......... _._. ___ .... _.. -·_.
K ebraska_. ··········-· ····-····- •... ---- ..
Kew Jersey_.····-····-···-·--··--····-····
Kew Mexico ....... -·-···-···········--··-·
New York--··························•····
North Carolina .. ··············-·········•Ohio __ .. -··················-········· ..... .
Oklahoma .•. ·················-·-···-··--·_
Oregon.
__ - _- --_______________________
- - -- ----- -- -- ---- ---- --. -Pennsylvania
__ .--__- -_
South Dakota--.--··•·····-··--•··-··-·
...._
Tennessee
_______________ . _________________
Texas-----··---··-·- ····················-___ .......
_.. -.. -•.··-·········-·······_
, Utah
\:rirginia
___________________________________
ashington _______________________________ _
,v
Virginia
·-··-···-·········-·········-_
,vWest
isconsin
_________________________________
9
4
$2, 913, 440. 92
3
3
1
2
5
3
11
8
5
4
4
4
2
4
4
33
1
19
5
3
26
3
46
3
26
1
3
15
4
2
18
10
1,800.000 00
m,000.00
li00,000.00
l9j, i09. 75
580,500 00
604,000.00
1, i40, 92.\ 00
1, 43S, S50. 00
944,250.00
10t.OOJ 00
1,350,000.00
1,622,125.00
877,500.00
1. 909. 750. 00
1, 48,i, 800. 00
9,580,021.00
21,700.00
2, 19S. 700. 00
626, 2,,J 00
83,"93.23
16, 072. 63j 92
41,:,JJ.00
26, 225, ,OS. 3.1
1. 645,000.00
21, 873. 2,\0. 00
6,000.00
3S, ;;c,OO
8, 65.'l, 7310\
15.1, ,\00. 00
210,000.00
3~2. o:o 00
871, f»:i.00
1, m.~-ooo
241, ;,50 00
342, ,\00 Ill
2,406,000 00
4i, 418. M
-------------·--------------592. 300. 00
5
2
5
4
12
2
315
See footnotes at end of table.
Digitized by
Amount 1
Google
112, 380, 93S. ;iJ
REPORT OF RECONSTRUCTION FINANCE CORPORATION
75
8.-Loans on and purchases of preferred stock, and purchases of capital noteir
or debentures, of banks and trust companies, disbursed from Mar. 9, 1933, to lt/ar.
31, 1938, inclusive; and outstanding as of Mar. 31, 1938 (under sec. 304, title III,.
of th e ad approved Mar. 9, 1933, as amended)-Co nt inued
TABLE
N ON· MEM BER '
Disbursed
State
Alabam&.. .•...............•••..............
Arizona .... .••... ....•.....• •. .. .. ........ .
Arkansas .................••••............. •
California . .. ..........• .•.•.••.•.. •....... .
Colorado •.....•........ .•...• ..... .........
Connecticut.•.......•...... . •...........•..
Delaware ....... ... .......•.•........ ... . ..
District of Columbia ......•.•..............
Florida . .. ................. . . . .... . ... . .. .. .
Georgia ......... . ......... . . . ...... ..... .. .
Idaho ........... .... ....... .•. ........ . ... .
Illinois ....... .•..... .. .. ... •• ..... ........ .
Indiana . . .... .......... . ..••.. .. ......... . .
Iowa . . ........ ........... . ................ .
Kansas ....................... . ............ .
t~iW~~L::::::::::::::::::::::::::::::::
Maine ... -----------------·- --- ----------- Maryland ....... ... ..... . ••.......... . .. . ..
Massachusetts •...........•. • . ...... ... ....
Michigan __ ____ __ -- ---- -- - . .... - -- -. -- --- --
s~i
Montana
;~i:================:=============::
..........•. ....•. .•• • . ........... .
Nebraska .••.. .........
. . .. .. . .............
Nevada .. . ...............•••....•...•......
New Hampshire .............. •.. .....•....
New Jersey ..... ........ ........... .. . . ... .
New :Mexico ............... . . . . . . ... ...... .
New York ... ...... ..... ....... . . ... .. .... .
North Carolina ..•..... ... .. ...... ..•..... .
North Dakota........ ...•. . .• ..............
Ohio . ....•.. ........• .... • •. •............. .
Oklahoma . .••........ •.•.. •.• .. .......... ..
Oregon ...........•...•..•••••.......... · ...
Pennsylvania .........•..•• .• ....•.•.......
Rhode Jsland ..•.•.•..... •. •...... .........
South Carolina ..........••••...............
South Dakota...........••• • .• ...... .......
Tennessee .•...... •.... ...• • .• ... . ... ..... ..
Texas •. ··-·· •........... • .•• • ............. .
Utah .•.......•.............. •• ......•..... .
Vermont .•. ............• • .... . . .. ........ ..
Virginia ... . . .......• · .....•••........ •·•• ••
Washington .... ........ . . •••• ............ ..
~:i~~~ia .......•.•••••••..••.•......• .
Number of
banks and
trust
compan iest
40
1
84
54
21
23
7
4
25
61
11
76
221
87
145
78
91
16
4R
Hl
92
156
133
164
29
95
I
1
43
10
158
111
98
267
5
Amount
$1,354,675.00
50. 000. 00
2, 1l\l, 000. 00
13, 102, oOO. 00
545,000.00
3, 468, 700. 00
430. 000. 00
800. 000. 00
571, 200.00
1, 953. 000. 00
230,000.00
4,321 ,000.00
7, 747,750.00
2. 630, 500. 00
2, 797, 750.00
3,207, 500.00
8,312.000. OU
4, 365, 500. 00
4, 050, uoo. 00
2,575, 000. 00
7, 870, 580. 00
3,711,500.00
11, 660, 500. 00
3, 91g, 000. 00
912,000.00
2, 433, 500. 00
30,000.00
100, 000.00
3
23,841,675. 00
2.,1, 500. 00
46, 403, 250. 00
3, 858. 500. 00
1,604,000. 00
19, 659, 000. 00
50, 000. 00
995,000.00
15, 260, 000. 00
250.000. 00
1, 266, 800. 00
l , 329, 000. 00
4, 271, 550. 00
7, 082, 500. 00
1, 080, 000. 00
15, 235, 000. 00
4, 502, 250. 00
1, 314, 500. 00
2,361,000.00
14, 939, 500. 00
585,000. 00
1, 2.50, 000. 00
Total. •.•.•••....••.•••.. _...••••••. .
Subscriptions for preferred stock of:
Export-Import Bank of Washington ...
Second Export•lmport Bank of Wash•
lngton, D. C •.••• ••• •••..•••••••••.. .
3,624
262, 664, 180. 00
Grand total. .. . ... . ..... .. ........ .
3,626
Wyoming . .......•....•..•••••.•••.....•...
Puerto Rico .... •..... . . ... ..•........... ...
30
70
1
29
88
92
234
21
46
92
55
50
331
JO
Outstanding
Number of
banks a nd
trust
companies'
34
1
73
33
19
23
6
4
24
54
11
50
196
73
128
73
70
16
47
16
82
123
123
151
22
73
1
1
43
8
105
90
92
206
5
24
04
1
27
73
88
186
16
44
80
46
44
282
g
2
3,071
20, 000, 000. 00
2, 500, 000. 00
285. 164, 180. 00
Amount'
$849, 948. O'i
24,962.39
1,782,867.39
9,677,741. 6i
505,450. 00
2,876,898. 71
187,000. oo.
768,000.00
513,573. 07
I, 568, 78 1. 5&
214,650.00
2,184,000.00
6, 400, 200. 00
2, 020, 030. 00 ·
2, 215, 849. 55
2, 990. 195. 00
2, 732, 940. 00·
4, 186, 226. 19
3, 328, 362. 50
2,211 , 160. 00
6, 450, 460. 00,
2, 221, 860. 90
5, 493, 974. 25
3, 234, 360. 86
454, 700. ()(),
1, 137,112.39
29,000. 00
100, 000. 00
23, 202, 427. 99
228,475. 0018, 343, 300. 00·
3, 160, 788. 69
1, 435, 700. 0014, 374, 550. 00
49,625.00
836, 500. 00·
14, 291,292.88
248,750.00
671,100.00
835. 000. 00
3, 981, 175. 00
5, 223, 835. 84
454,100.00
14, 853, 775. 00
3, 686, 737. 50
691,565.00
1, 946, 775. 00
10, 825, 500. 00
5.11, 700. 00
450, 000.00
------186, 682, 977. 40
20, 000, 000. 00·
---------- -- -- ------ ---------3,072
206, 682, 977. 40
1 After eliminat.ing duplications. Such duplications arise in cases where the Corporation
makes disburse•
ments to a bank or trust company under m ore than 1 of the classifications under sec. 304, ti tle III, of the a ct
approved Mar. 9, 1933, as amended.
1 Amount outstanding includes repayments unaJlocated, pending adv ice~, as of Mar.
31 , 1P38.
I Where changes in the status of banks rave occurred between the date of authorization and Mar. 31,
1938 (for example, where a bank has changed from nonmember to State member), such ban ks are distributed
In the above table according to their status on Mar. 31, 1938.
Digitized by
Google
·76
REPORT OF RECONSTRUCTION FINANCE CORPORATION
9.-Loans authorized (and commitments outstanding as of Mar. 31, 1938) to
industrial or commercial business, from Feb. 2, 1932, to Mar. 31, 1938, inclusive,
by size of loans (including loans and participations, and commitments outstanding,
under sec. 5d of the Reconstruction Finance Corporation Act, as amended; loam ta
borrowers engaged in the fishing industry under sec. 5 of the Reconstruction Finance
Corporation Act, as amended; and loans to industrial or commercial business
through banks and mortgage loan companies under sec. 5 of the Reconstruction
Finance Corporation Act, as amended)
TABLE
Size of loans
Number of
loans
Percent of
total
Amount author-
465
420
589
504
411
220
152
38
16.6
15.0
21.0
18.0
14. 7
7.9
5. 4
1.4
$1, 506, 045. 62
3, 495, 877. 81
10, 982, 104. 35
20, 034, 456, 27
32, 148, 125. 47
33, 401, 976. 82
49, 714,734.00
50, 374, 768, 65
5.4
10.0
15.9
16.6
24.7
25.0
2,799
100.0
201, 658, 088. 99
100.0
·$5,000
and$10,000,
under __
------------------------------·$5,001 to
inclusive
________________________
$10,001 to $25,000, inclusive _______________________
·$25,001 to $50,000, inclusive _______________________
·$5,J,001 to $100.000. inelusive ______________________
·$100,001 to $200,000, inclusive _____________________
$200,001 to $500,000, inclusive _____________________
Over $500,000 _____________________________________
Total
1
1 ________ • _________ • __________ •• ______
ized
Percent of
total
0,7
1.7
The break-down by types of the above total amounts is as follows:
Number
of loans
Under sec. 5d of the Reconstruction Finance Corporation Act, as amended:
Loans (and participations) ____________________ ---------------------------Commitments outstanding as of Mar. 31, 1938 ____________________________ _
Under sec. 5 of the Reconstruction Finan~e Corporation Act, as amended:
Loans to fishing industry _________________________________________________ _
Loans to industrial or commercial business through banks and mortgage
loan companies ________________________ --- __________ --- • --- ____ --- ______ _
2,584
11
Amount authorized
$168, 722, 613. 99
15, 535, oco. 00
27
809, 700.00
177
16, 589,775.00
----I--
Total __ - - - - - - - - - - - - • - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - • - - - -· - • - - - - - - - - - - - -
2,799
201, 658, 088. 99
10.-Number of business borrowers to which authorizations were made; and
amounts authorized, etc., from Feb. 2, 1932, to Mar. 31, 1938, inclusive, by industries (including loans and participations, and commitments outstanding, under
sec. 5d of the Reconstruction Finance Corporation Act, as amended; loans to borrowers engaged in the fishing industry under sec. 5 of the Reconstruction Finance
Corporation Act, as amended; and loans to industrial or commercial business
through banks and mortgage loan companies under sec. 5 of the Reconstruction
Finance Corporation Act, as amended)
TABLE
Industry
Number
of bor-
Amount authorized (including
con1mitn1ents
rowers 1
outstanding as
of Mar. 31, 1938)
Amount withdrawn or canceled
Amount disbursed
Manufacturing:
Food and kindred products:
Dairy products _____________________
Meat and poultry packing _________
Canning, preserving, packing (fish,
fruit, vegetat>les) _________________
Bread and bakeries _________________
Flour mill in~------·· ___ .. ____________
Confectionery _____ .-· ______________
Animal feeds _______________________
All other ___________________________
37
54
$1, 444, 710, 00
2, 682, 004. 94
$519, 400. 00
1, 268, 401. 29
$815,310.00
1, 24 8, 853. 6S
58
26
36
21
26
5-3
2, 413, 820. 16
928,500.00
1, 198, 100, 00
1, 269, 000. 00
1, 094, 533, 33
1, 766, 650. OU
884,415.00
611,910.00
601,750.00
514,071.43
391,700, 00
957,900, 00
1, 498, 2SO. 16
38,1, 750. 00
4,1, 350. 00
613,500.00
683,613.33
691,450.00
Total, food products __ • __________
311
12. 797,318.43
6,649, 547. 72
6, 41~. 177. 1,
Textiles and their products:
Cotton i:oods ____________________ • __
Cotton small wares _________________
Woolen goods ______________________
Silk and rayon goods _______________
Knit g-oods, hosiery ________________
Dyeing and finishin~------------- ..
Men's clothing and furnishings _____
43
13
3~
30
53
19
23
8, 171, 683, 33
367,000.00
8, 763, 750. 00
6, 179, 500, 00
4, 154, 500. 00
7, 123, 500, 00
1,490, 150. 00
2, 076, 428. 62
291,000.00
3, 199, 985. 71
1,961,000.00
1,316,400, 56
2, 821, 000. 00
699,750.00
4,697,476. ltl
76,000 00
6, 367,000.00
3, 865, 507. 00
2,274.200, 00
4,302,500.00
653,000.00
See footnotes at end of table.
Digitized by
Google
77
REPORT OF RECONS'.rRUCTION FINANCE CORPORATION
10.-Number of business borrowers to which authorizations were made; and
amounts authorized, etc.,from Feb. 2, 1932, to Mar. 31, 1938, inclusive, by industries (including loans and participations, and commitments outstanding, under
sec. 5d of the Reconstruction Finance Corporation Act, as amended; loans to borrowers engaged in the fishing industry under sec. 5 of the Reconstruction Finance
Corporation Act, as amended; and loans to industrial or commercial busines11
through banks and mortgage loan companies under sec. 5 of the Reconstruction
Finance Corporation Act, as amended)-Continued
TABLF.
Industry
N umber
0 lbor•
ro wers 1
Amount authoriied (including
commitments
outstanrlin~ as
of Mar. 31, 1938)
Amount withdrawn or can•
celed
Amount dis•
bursed
Manufacturing-Continued.
Text.iles and their products-Contd.
Women's clothing and furnishings ..
Upholstering material, drape, ies .•.
All other .......•..•..........•.....
R
32
$598,475.00
640,500.00
2, 035, 250. 00
$231, 17/i.00
27,500.00
1,058,916. 67
$307, 300. 00
lflJ.000.00
976,333.33
28
Total, textile products ..••...•...
281
39, 521, 308. 33
13, 68.1, 156. 56
22, 6~2. 317. 76
Lumber and timber products:
Lumber ..............•.............
Furniture ............•.............
Vilooden containers ______ ······----Millwork, sash, doors, etc ......... .
Coopera~e and coopera~e stock .... .
Wooden turned products.......... .
All other..........•................
74
89
29
101
12
22
11
12, 034, 250. 00
5, 400, 600. 00
1,632,710.00
448,200.00
1,042, 116. 67
355,000.00
2,681,514.20
2,067,073. 10
f\41,050.00
2, 133,577.43
349,200. OI,
/if,3, 000. 00
88, (JOO. 00
7, 778,755.89
3, 125, 176. 70
744,650.00
2, 906, 349. 65
98,200.00
417. 200.00
103,000.00
Total, lumber and timber prod•
nets ..••.••...•......•.•...•••..
338
26, 679, 620. 48
"· 525,414. 73
15, 173, 332. 24
Paper and allied products:
Containers (boxes, etc.) ........... .
All other..........•...........•....
14
42
2()8, 749. 98
16,017,850.00
118, ()(l(;. 00
2,513,916. 77
65. 749. 98
7, 120, 754. 21
5, 766,753.81
Total, paper and allied products ..
56
16, 226, 599. 98
2,631,916. 77
7, 186, 504. 19
J>rinting and allied products:
Book and Joh printin~ ............. .
Engraving, lithographing, etc ....•.
All other ....•....••................
60
13
18
1, 344, 750. 00
1, 019, 200. 00
256,000.00
479,980.00
938,500.00
69,375.00
797,810.00
80,700.00
186,625.00
Total, printing and allied prod•
ucts ....•....•.•.......••.••....
91
2,619,950.00
1, 487, 855. 00
1, 065, 135. 00
-Chemical and allied products:
Paints, varnishes, and allied prod·
nets ..........•..•.•.•.•.•..•.....
Fertilizers....••..........•••.••....
All other .•.••••......••.•••.•••••••
19
37
1, 109, 500. 00
753,000.00
1, 472, 600. 00
202.328. 99
112,058. 77
314,088.83
770,071.01
640,941.23
754,877.71
Total, chemical and allied prod·
ucts .•.•.•..•..•••.•..••..•••. ·.
66
3, 335, 100. 00
628,476.59
2, 165, 889. 95
Rubber products, total. .••••.•••••••••.
18
1, 658, 500. 00
735,437.50
921,462.50
10
1.eather and Its manufactures:
Tanning and finishing ............. .
Leather goods Ouggage, handbags,
etc.) ...............•.••.•••••.....
Boots and shoes.•......••....•••...
All other...•...........•••.....•...
11
442,000.00
91,000.00
351,000.00
8
22
8
805,000.00
2,457,000.00
123,095.32
361,000.00
1,377,431.94
9,750.00
429,000.00
1,034, 568. 06
113,345.32
Total, leather manufactures ..... .
49
3,827,095.32
1, 839, 181. 94
1,927,913.38
40
13
63
!fl~1'?ei-:::::::::::::::::::::::::::
14
13
14
15
1,966,000.00
1, 018, 100. 00
5,040,874. 74
558,500.00
2, 063, 500. 00
1, 607, 500. 00
1, 258, 600. 00
1,015,800.00
775,800.67
192,480.96
2, 003, 506. 86
437,500.00
616,540.00
296,620.48
229, 715. og
505,820.00
1, 160, 199. 33
825,619.04
2, 600, 982. 40
121,000.00
1, 336, 460. 00
1, 219, 394. 00
819,884.91
450,000.00
Total, stone, clay, and glass
products •.••...•.•.............
182
14,528,874. 74
5,057,984.06
8, 533, 539. 68
:Stone, clay, and glass products:
Stone, granite, slate, etc.•..••.••..•
Sand, gravel. .....•........••.•....
Brick and tile, etc ..........•••••...
Concrete products ...•••..•••.••••.•
Limestone products ...••.•...•••...
Glass products .•......••.•...•••...
10
:See footnotes at end of table.
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78
REPORT OF RECONSTRUCTION FINANCE CORPORATION
10.-Number of business borrowers to which authorizations were· mad~; aiuf
amounts authorized, etc., from Feb. 2, 1932, to Mar. 31, 1938, inclusive, by industries (including loans and participations, and cQmmitments outstanding, under
sec. 5d of the Reconstruction Finance Corporation Act, as amended; loans to borrowers engaged in the fishing industry under sec. 5 of the· Reconstruction Finance·
Corporation Act, as amended; and loans w industrial or commercial business
through banks and mortgage loan companies under sec, 5 of" the Reconstruction.
Finance Corporation Act, as amended)-Continued
TABLE
Number
o! barrowers 1
Industry
Manufacturing-Continued.
Iron, steel, and their products (excluding machinery):
Foundry products (castings, forgings, etc.) __ .. ______________ -----Structural and ornamental iron and
steel.
....
____ -------------------Pipe and
fltt.ings
___________________
Stoves, ranges, and furnaces ________
Hardware,
plumbing, and supplies.
All other ___________________________
Total, iron and steel and products_
Amount authorized (Including Amount withcommitments
Total, nonferrous metals and
their products. __ • ___ . ___ ·-_ ....
celed
45
$4,050, 200. 00
$1; 221; 077. 98
$2, 059, 322. 02·
45
12
23
20
Z7
3, 362, 100. 00
1, 562, 500. 00
2,801,400.00
1, 459, 015. 00
4, Z75, 483. 34
- 2, 083, l3S: 00
689,300.00
744,922.16
413,662.03
1, 299, 200. 00
1, 185,515.00
860,000.00
1, 004, 477. 84
839, 752. 9T
2, 892, 283. 34
17,510,698.34
6; 451, 297. 17
9, 801, 351. IT
33
1, 892, 500. 00
677,342; 00
610, 658. 00 ·
31
30
2,557,800.00
2,356,250.00
945; 839. 73
r, 024, 422. 32
1, 577. 471. 52'
1, 307,300.00
94
6, 806, 550. 00
2,647,604.05
3, 495, 429. 52'
---172
Nonferrous metals and their products:
Metal alloys and products (brass,
bronze, etc.) ______________________
Metal stampings, stamped and
enamel ware _____________________
All other------------------···-·····
Amount disbursed
drawn or can-
outstanding as
of Mnr. 31, rnasJ
Machinery (excluding transportation
equipment):
Agricultural implements_ ........ -Electrical machinery, apparatus,
and supplies_ .. ---·-·····-·····-General machinery and equipment.
Machine tools __ .... _... -· __ .. -· ..•.
Pumps and pumping equipment. __
All other.•-··;·---·················
Total, machinery •••.••........ _.
11
920,000.00
765; 02S: 00
Z7
31
24
2, 316; 000. 00
I, 728, 750. 00
986,500.00
538,000.00
7,874,373.43
r, 057, 900. oo·
8
57
~.
---158
14, 364, 523. 43
-
1:
154,975. oo·
r, 220, 982. oo·
946, ooo. oo·
747, 600 ..00
415; 398. 93·
123, 000. 00
3,478,976.15
541, 101.0T
415,000.00
3, 999, 850. 6(}
6; 587,000.08
7,277,009. 23
Transportation equipment (automobile
accessories, etc.). total •............•. _
48
7, 560, 500. 00
1, 679,481.86"
3, 782, 018.1¼
Wholesale and retail trade:
Wholesale trade:
Food products .. ····-····-···--·-··
Hardware, paints, etc.·-·-·-·---···
Petroleum feroducts.·-··-··-·-·-·-·
Grain and eed, fuel, ice, etc_._ •... _
Building materials.-···-··-·---···All other.·--·-····-·-··-·------···-
30
18
15
19
22
24
492,100.00
515,300.00
548,600.00
641,533.29
6W,000.00
615,500.00
188,778.51
289,112.82
306,000.00
148,924.09
282,479.00
302,000.00
303,321. !~
226.187.1~
129,100.00
425,993.29
392,021.00
282,000.00
Total, wholesale trade •.•.•• -·-···
128
3, 503, 033. 29
1,517,294.42
l, 758, 622. 96'
70,450.00
81,650.00
Retail trade:
Food products .. ·-··········-·····Hardware, paints, etc .. ••···-··-···
Department stores--·-···-·-····-··
General stores .. ______ ...• -·-· •• __ ..
Drug stores._._ .. _.. _._. __ .•..• ·- ..
Auto sales, service stations.····-•··
Grain and feed, fuel, ice, etc •. c • • • • Building materials .. ·······-·-·-·-·
Furniture.·-·······-·-·-·-·-·-··-··
Apparel stores ...• ·-·····-··--·--··
All other······-·-·-···--··--··•-··.
Total, retail trade ...•....•..•••..
15
9
I
16
2, 591,000. 00
21
9
28
32
13
9
9
18
104,405.00
39,900.00
248',660. 69
802,760.00
320,500.00
337,968.74
63,730.00
333,552.86
39,500.00
60,500.00
86,000.00
36,405.00
28; 900.00
IOI, 472. 49180,260.00
11;000.00
1111,000.00
14,200.00
121,000.00
4, 994, 577. 29
936,237.49
---179
----·
30,950.00
21, 150.00
2, 505, 000. 00
64,f;Xl.00
11,000.00
147,188.20
617,f;Xl.00
73, f;Xl.00
51, f;Xl.00
45,200.00
212, 552.8&
3,780,041.06
'
See footnotes at end of table.
Digitized by
Google
REPORT OF RECONSTRUCTION FINANCE CORPORATION
79
10.-Number of business borrowers to which authorizations were made; and
amounts authorized, etc., from Feb. 2, 1932, to Mar. 31, 1938, inclusive, by industries (including loans and participations, and commitments outstanding, under
sec. 5d of the Reconstruction Finance Corporation Act, as amended; loans to borrowers engaged in the fishing industry under sec. 5 of the Reconstruction Finance
Corporation Act, as amended; and loans to industrial or commercial business
through banks and mortgage loan companies under sec. 5 of the Reconstruction
Finance Corporation Act, as amended)-Continued
TABLE
Numher
Industry
of bor•
rowers
1
Amount authorized (including
commitments
outstanding as
of :\far. 31, 1938)
Amount with•
drawn or canceled
Amount disbursed
All other:
Mining:t
Coal_-----------------------------All
other ___________________________
32
11
$7. 079, 403. 93
2, 885. 500. 00
$3, 374, 726. 22
1,213,200.00
1, 672, 300. 00
Total, mining ____________________
43
9, 964. 903. 93
4,587,926.22
4, 790, 506. 87
Laundries, dry cleaning, total. _________
43
1, 044, 600. 71
170,956.47
788,719.24
Contracting, etc., total _________________
38
1, 643, 800. 00
733,796.22
892,003. 7S
Not classified, total ____________________
Grand total. _________________________
$3, 118, 206. 87
87
13, 067, 534. 72
1,699,983. 44
3, 485, ll5. 95
2,382
201,658,088.99
67,251,448.29
105, 925, 989. 76
'Number of borrowers represents the number of applicants to whom Joans have been authorized or commitments made.
• Excludes mining Joans authorized under sec. 14"of the act approved June 19, 1934, as amended.
TABLE
ll.-Loans on self-liquidating projects, by types of project (from Feb. 2, 1932,
to Mar. 31, 1938, inclusive)
[Under sec. 201 (a), title II, of the Emergency Relief and Construction Act of 1932, as amended)
BRIDGES
Number of Number of Amount authorJoans
ized
authorized borrowers
Amount withdrawn or
canceled
Amount disbursed
Puhlic ___________________
Private__________________
11
5
9
5
$99, 049, 579. 80
1, 729, 930. 78
$2, 690, 000. 00
415,000.00
$86, 105, 842. 06
1,314,930. 78
Total.. __________ :_
16
14
100,779,510.58
3, 105, 000. 00
87, 420, 772. 84
COLLEGE BUILDINGS
Public __________________
-I
91
91
I
$3,031, 155. 71
$1. 708. 000. oo
I
$1, 323, 155. 71
DOCKS AND TERMINALS
Public __________________ _
Private _________________ _
2
3
2
3
$325, 000. 00
1,793,691.47
$50,000.00
1,100,000.00
$2i 5, 000. 00
693. 691. 47
Tote)__ ___________ _
5
5
2, 118,691.47
1,
mo, ooo. oo
968,691.47
DRAINAGE AND IRRIGATION
HOUSING (LOW-COST)
Private
-·----------------1
31
$12. 187,000. oo
I
$3, 9i3, 000. oo
I
$8,214,000.00
79977-38--6
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80
REPORT OF RECONSTRUCTION l<'INANCE CORPORATION
TABLE
l l.-Loans on self-liquidating projects, by types of project (from Feb.
to Mar. 31, 1938, inclusive)-Continued
e, 1932,
MARK;.ETS
I
I
N~:~ of Number or Amount author•
authorized borrowers
lzed
I
Private.................. 1
91
I
ll
I
A.mount with•
drawn or
canceled
$2,216,915.381
A.mount disbursed
$1,441,307. 571
$774,W.81
$1, 7M, 694. 371
$22, UOI, 270. 00
POWER
Public•••.•••••••••••••• ~1 .
61
51
$24, 665, 964. 371
PUBLIC AND SEMIPUBLIC BUILDINGS
Public••••••••••••••••••• ,
6
I
$3. 906,500. oo
61
I
$53,
ooo. oo
I
oo
I
$3,853,llOO.OO
SEWERS
Public .••••••••••.••••••• 1
12
I
12
I
$2. 034, 300. oo
WATERWORKS
Public .•...••••••••••••••
Private ...•..••..•••.••.•
Total.. •.••••••••••
.
"~
I
$1. 097, 300
$937, 000. 00
I
$227, 939, 859. 85
$9, 087, 374. 00
13
13
569,340.00
434,140.00
$154, 913, 48.1. 85
135,200.00
104
94
228, 509, 199. 85
ll, 521, 514. 00
155, 048, 685. 85
ALL OTHER
Public ..••••••....••••••.
Private..••••.•.••.•••••.
Total •..••••••••••.
6
5
I
$4,614,000.00
4, 486, 250. 00
$200, 777. 20
4, 486, 250. 00
$4, 413, 222.111
6
9, 100, 250. 00
4, 687, 027. 20
4, 413, 222. IWJ
GRAND TOTAL
"'"'•------------------HH
Private..................
37
37
$375, 655, 359. 73
24,312,127.63
$18, 959, 545. 57
12,304,697.57
$281,753,076.42
12,007, 430.llll
Total...............
191
176
399, 967, 487. 36
31, 264, 24,3. 14
293, 760, 506. 48
1
Includes water districts.
12.-Number of borrowers and amounts of loans authorized under sec. 5 of
the Reconstruction Finance Corporation Act, as amended, 1 from Feb. 2, 1932, lo
Mar. 31, 1938, inclusive, by size of cities or towns
TABLE
BANKS AND TRUST COMPANIES
Borrowers
Population of cities or towns In which oorrowers are
·
located
Authorizationa
Number
Percent
of 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 99~,999 .• ·········-··············· ..••••••••••
1,000,000 and over.··························-··········
5,1'47
70.0
188
Total. ·····-··· •••••••• ··---·-·· ··········-·-·· ••
7,351
590
Ml
254
212
167
106
146
8.0
7.4
3.5
2.9
2.3
Amount
$330, 032, 509. 15
128,463, 613,. 50
195,569,053; 77
146, 916, 115. 41
Pere.ml
or total
13.l
6.1
7.8
5.8
2.0
2.5
252,000,811.17
481, 169, 562. 80
470,318, 426. 51
IU
9.0
10.0
19.1
18.7
100. 0
2,518,469, 278. 56
100.0
1.4
287, 930, 340. 35
226, 058, 845. 90
1 Exclusive or The RFC Mortgage Co. 1 railroads, regional agricultural credit corporations, Federal land
banks, and Federal intermediate credit banks.
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Google
81
REPORT OF RECONSTilCCTION FI~ANCE COilPORATIO:N
12.-Number of borrowers and amounts of loans authorized under sec. 5 of
the Reconstruction Finance Corporation Act, as amended, from Feb. 2, 1932, to
Jrlar. 31, 1938, inclusive, by size of cities or towns-Continued
·, TJBLE
TOTAL, SEC. 6 OF THE RECONSTRUCTION FINANCE CORPORATION ACT, AS
AMENDED'
Borrowers
- Population of cities or towns In which borrowers are
located
Authorizations
1---~r----1-------.---Number
Percent
of total
- Under 5,000 .. ____________________ -- -- ____ - - -- - --- -- -- -5,000 to 9,999 .. --------------------------------- _______ _
10,000 lo
to :l-1,999.
_------------------------ ------ ---------_
- 25,000
49,999 ________________________________________
5,462
701
60.6
7. 8
$.166, 748, 816. 88
141,194,826.92
744
427
8.3
229, 659, 053. 86
50,000 lo 99,999 .. --------------------------------------100,000 to 199,999 __ ------------------------- --- --------- 200,000
499,999.______________________________________
_------------- ------ ---- -- ---- -- -- ----_
500,000 to
to 1199,999
390
319
312
4. 7
4. 3
3. 2
4. 1
3. 5
3.5
1~5. 756,073.52
357,374,084.84
288, 650, 397. 06
391,738,013.81
664, 959, 993. 67
681,319,378.85
9,0ll
100.0
3,307,400,639.41
1,000,000 and over __ -----------------------------------Total ___________________________________________ -
286
370
Amount
Percent
of total
11.1
4,3
7.0
5.ff
10.8
8. 7
11.8
20.1
20.ff.
100.0
T.rnr,E 13.-Names arid compensation of directors, officers, and employees of the
Reconstruction Finance Corporation receiving from the Corporation more than
$400 per month, as of Mar. 31, 1988
W ASHINOTON OFFICE
Title
Name
_ loses, Jesse IJ _______________________________ .. Chairman __________________________________ _
Henderson, Charles B ______________ __________ . Director ___________________________________ _
Klossner, Howard J ________________________________ do __ -----------------------------------Merriam, C. B ___________________________ . ___ ... _.. do. ____________________________________ _
- Sci ram, Emil.._------------------------------ _____ do _____________________________________ _
Talley, Lynn P _ _ _____ _____ __ _______ ___ ___ ____ Assistant to the directors ___________________ _
C\,oksey, Ge~rge Ji____________________________ Secretary ___ -------------------------------- Mulli~an, H. A ___ ---------------------------- Treasurer ___ --------------------------------
~:~:r:~f~~~:~~i-couii.seL::::::::::::::::::
~l~~i1i::°~~i~!a~rl_e_~_·:!_r_-_~::::::::::::::::::::
· Dougherty, J, L--- ______________ .. _________________ rlo. _____________________ . ______________ _
Durr, C. J,-------- _________________________________ rlo __ ----------------------------------Snod~rass, Russell L ____________________________ . __ do. ____________________________________ _
1
.-.--~: ::::: :::::: :::::: :::: ::::
Johnson, Ben__________________________________ Special assistant. __________________________ _
Lindquist, R. J __ ________ _______ __ __ ______ ___ _ Chief auditor. __ ._._ ... _. ___ ... _._. ______ . __
Barriger, J, W., UL ___________________________ C~,ief, examiner, Railroad Division _________ _
Brownell, R. A ________________________________ Chief, A~ency Division ____________________ _
Husbands, Sam _______________________________ Clliel, Examining Division _________________ _
Mandeville, Charles H. ,V __ __________________ Examiner ____ ------------------------------~1urchison, Frank M_ ------------------------ Special representative ______________________ _
Hamilton, T. A_______________________________ Special examiner_--------------------------Taylor, R. )_ __________________________________ Assistant Chief. Agency Division __________ _
~kClrath, M. J. ______________________________ Assistant Chief. Examining Division ______ _
. ~~~~~\~~ill~~c~ ~ :::::::: :::::::::::::::::: -~~~l~~ c~~."~~
f~~~f{~,:~~~=============================
w ____ ---------------------- !ftm;~m:~r1i~;;!~\~:=================
~ul!ivan, '\\. . i11iam
Examiner _________ -------------------------Thralls, Jerome ________________ . ______ ·------- Special representative ____ . ____ ._ .. _________ _
Johnson, W. )_ ________________________________ Assistant Chief, Examining Division _______ _
t~~~~ tv.'t ~::::::::::::::::::::::::::::::: ::::j~::: ::: ::::::::::::::::::::::::::::::::
0
~!arartney, Morton ___________________________ Chief, Self-Liquidating Division ___________ _
Keenan, Frank J ______________________________ Chief, Drainage, Levee and Irrigation Divi-
sion.
Satterfield, W. R _________ - -------------- ----- _ Counsel ____________________________________ _
Allen, Ronald H
-------------------------- Assistant secretary _________________________ _
r~~r):!:::,1~t========================= ~i~!t~;!~~!~~?!~;!~!;~~~~~~~i:~~=======
i~st:,::;,~z:~'L:::::::::::::::::::::::::::: !~l~l:~l i~~~:t~i:r::::::::::::::::::::::::::
1 On
leave of absence without pay.
Digitized by
Google
Salary per
month
$833. 33
833. 33
833. 33
833. 33
833. 33
I), 041. 67
833. 33
833. 33
833. 33
833. 33
833. 33
833. 33
833. 33
8:l3. 33
833. 33
833. 33
833. 33
833. 33
833. 33
833. 33
I 833. 33
833. 33
833. 33
800. 00
791.67
791. 67
7/iO.OO
750. 00
750. 00
750. 00
708. 33
708. 33
708. 33
708. 33
708. 33
708. 33
6ti6.67
. 666. 67
666. 67
b66. 67
641. 67
633. 33
82
REPORT 01<' RECONSTRUCTION FI~AXCE CORPORATION'
13.-Names and compensation of directors, officers, and employees of tlu
Reconstruction Finance Corporation receiving from the Corporation more than
$400 per month, as of Mar. 31, 1938-Continued
TABLE
WASHINGTON OFFICE-Continued
Name
Salary per
Title
month
Shaver, Clem _________________________________ Special assistant to the directors ____________ _
Kelley, Jerome T ------------------------------ Assistant treasurer-------------------------Unzicker, Williard E ____________________________ ... do ____________ -- -----------------------·
Chadduck, Harry"' __________________________ Administrative assistant_ __________________ _
Parks, Thomas E_ ---------------------------- _____ do _______ .-----------------------------Elliott, DaYid c ______________________________ Chief. Statistical and Economic Division ..
Berrett, R. W _ __________ ____________________ __ Examiner_---------------------------------Persons, Henry Z ___ -------------------------- _____ do __ : __________________________________ _
Ronan, Frank T __ ---------------------------- ____ .do_ . _________ . _. _____________ ---------·
Dodds, Chauncey Y --------------------------- Chief examiner, Drainage, Leve,,, and Irrigation Division.
Wright, Charles M__ _____ _______ __ __ __________ CounseL __________________________________ _
· Grantham, J. P __ ----------------------------- Assistant chief auditor __ -----------·····--··
Watson, William P ..................... -·-·-·- Examiner.·····--···----····················
Drager, Walter L-········-··········------·--- Chier, Engineering Section._ ............... .
Miller, M. E .......... ·-·······---····-------- Examiner·--··--··--························
Young, R. D.·-····-·-·······---·-·---···----- Administrative assistant ................... .
Greer, Frank H. ·····--·····---··-·---·--·-··- Special representative.·-··-··-·-·-··········
Keyes, Paul C-·--·----·····-·-·· --···-··· ·---· ... _.do. __ ····-·-·-··························
Stafford, Bayard C-·--·- -·. ·-. -·-·---- __ -·---· Examiner.-·····-·· ... -·················-···
Rossman, Richard--·-··-·-·--·-._ ... ··-----·-- ____ .do_ .. ···-· ........ ···············-· .... .
Davis, Thomas H.--·------···-----·-------·-- __ ... do·-··--··-··-················-····-····
Johnson, L. E. ____ ····---·-··---·--··--·-·---- ..... do ... ···-···-····.···-······--··-·······
Knarr, M. W··-·---···-·----··-----·--·······- Assistant to the secretary···-···----·-······
Armistead, Rohert P.·---·----··--------··---· Examiner .................................. .
Boggs, Verner .. _·-····-· __ -·- ___ .·- ... -·-·---_ . -··.do ....................... ····----····-··
Cloninger, C. W---·-··-········-··-··-······-- -···.do ... ···-·-·······--·-·-·-·-·---········
Dickinson, R. G--········--···········---·-·-- ..... do .......................... --··-·······
Griffin, Charles N ...... --·-··· _·---. _-··-· -·· ...... do ... -······ .......... ···-·-·--·-·······
Howard, Ernest B-···-····-··•··--····-·-·-·-· ·-···do ... ·················--·-··-······-····
Jones, Ralph B_ ....... ····- ·- ·- ... -· ···-· ·--·· ·- ... do ... -·· .. ·-·_ ... ····---·------·····-···
Lewis, Charles B-···························-- .... _clo_ .................... -.. ·•----···-····
Mielenz, Louis M .. ·-························· ----.do_··-·······-···········----···········
O'Bleness, E . .L ..... -·· ........ ·-· ..... ·- .... -·-·.do .................. ·- .. ·-·----·········
Seahury, R. M ............ ·-·-·-·-···-·-······ __ . __ do ....................... --•··-·········
Seeley, Harold 1--····-···········-············ ·-•-.do __ ········-···-··-·----·-····-·--·····
Strong, Albert L ... ··-·········-·····--·-----· . ____ do_ .. ···········----·--··--·······-·····
Toole, J. E. --·····--·--··-·····-········--·-·· -- ... do .. ·······---·····--·······-··········Wadden, Thomas A ... -·--·--····-·······-···· ____ .do ... ······-·-·-·--·-··-·······-····-···
Ward, Maxwell ... ---··-·-·····-····--·-·-···· ·-·--do __ .·----·--·-·-·--···-···-·---··--····
Norton, John E·--·-----·····-··-·····--··---· Chier, Mining Section .. ········-·-·····--··
Gale, George J __ -·· _____ -····-· -·. _·-- _____ -·-· Counsel._ .. _____ --·-·-······ ....... -···-····
Olueck, Kathan H_ ... -· -···. ·-. ___ --·-· __ ·-·· ____ .do ... ····---·--·····-······-·-·--··--···
Hill, Geo. H., Jr ___ ·--·---·------·--·-·--·-···· __ ... do ... ·---·-·-·······-·····-·---···-·····
Stansfield, Edgar A .. ······-···----·---·---·-· ..... do. __ ··--·-··--·-············--···-·····
Healey, Geo. W-·-·--····-··--···-·····-··-··· Special representative·-···············-·-···
Blair, Bmith_·--···········-·-·········--···-·- Examiner_··-···········-······--·-··--·····
Clayton, Laurance J ..... -· -·. -·-·-· ....... ·-- ...... do ... ···-.-·-· .... ·········--.-···-- ... .
Galt, Alexander B ............... ·---··-····-·· Assistant secretary_··········-·-······--····
Kannee, Henry M .......... ·-·-·-···-···-··--- Liaison representative_········-···-··---····
Merritt, Arthur B-················-··---····-· Administrative assistant ..... ·-·····-···-···
i~~~~ri. '6~;l·~::::::::::: :::::::::::::::::: -c111:r°accouniant::::::::::::
:: ::::::: ::::: ::
Chief, Authorization•Can<Ylation Section_ ..
Lescallett, George A ............ _..............
Stein, Edward T.·-···---·····················
Farrell, Edward A ... ·-·--·-··-···············
Roper, James H·--·----··---·-··---········-··
Rait, Donald M ... -·-·--·•··-···-····-·-······
Henry, He her .. ···-. ___ ·-_.··- ..... ····- __ .·-Sandlin, John N---····-··-·----·--·······---··
Wilson, Rohert G. __ ··-··· -· -·-··-·--- .. ·-····
Wolford, Alhert M. ···-·---·---·---··---·-·---
Assistant Chief, Bond Service Section.-·•···
SuperYising accountant. ..... --•····-··-··-·
Supervising engineer.···•-----····-···-·····
Engineering examiner·--·--·--·····--·-·····
Counsel. __ .. ··- ... ··- ___ .·--··-···-·· ...... ·--·.do ... ····---·····-····---·-····-·-··-···
·-··.do ... ··-····-··-···-·•·-·····-·-··--····
..... do. __ ···-····---·-·-·······-·--······-··
~:::s:·J:i~i::1~~~::::::::::::::::::::::::::: ~%~~~~~'.".~!~:::::::::::::::·::::::::::::::
Giddings, William C. ········--··--··------·-- ..... do ..... ···----·-··-·-····--··-····--····
Jenkins, Hugh Powell ........ ·-···-·-·-·-·---- ___ ._do_ .. ·---·····---···········-··-· .. -·•··
Mack, Bryan .. -..... ·····-· ... ······-·-· ____ ...... _do ........ _... __ ....... ···---·----·--···
Peery, Robert W--·····················-······ ... -.do .... -·-···············---·····-·······
Robert-son. Hilton W .................. ·-·····- ..... do .. ·-··-··············-·······---··-·-·
Rochelle, William J .. ·······················-· ..... do_.··························-··---····
Stewart, Adelhert T _........••.•.. __ ··--· ····- . ·-·.do ... ···························----····
Talman, Carter ... •···-·····-·-·····-·--·--·-· ·-··-do ................... ····-···-····---····
Tigrett, A. K-···- __ ·-· -· -· -···-··•- ··•-···- ·-· ... _.do ... -.··················-········-······
Livingston, Schuyler W _... -· --·-· -···-· ··-··· Counsel..··-···············-····-·- ..... -···
Tracy, Frank T. ·-···--·-·-·--··-··•---·-·-··· Chief clerk·-··-·······-----·-·-··--·········
Klagshrunn, Hans A .. ---··---··-·-·-·-----·-· Counsel. ............ ····--·······--·········
Etherid~e. Julian C .. •·-··-·-----·-------···-- Examiner···········-···---·-·-··--··---····
House, Perry B ..• ···•-··•··· ·-··- .. __ ---·-··· -·--·do ... -.......... ········--········-·--·-·
Digitized by
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$1125.00
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625.00
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611.00
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479,17
83
REPORT OI<' REC'OXSTHl;f'TlON FIXAXCE CORPORATIOX
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 Mar. 31, 1938-Continued
TABLE
W ASHINOTON OFFICE-Continued
Salary per
month
Title
NIUlle
Luce, George p ____________ ____ ________________ Examiner __________________________________ _
Edelman, Edward_____________________________ CounseL ____ , ______________________________ _
Gunderson, Harvey _____________________ ---·-- _____ do _____________ ------------------------·-Hobbs, William J __________________________________ do ______________________________________ _
Hutchinson, A. s___________________________________ do ______________________________________ _
Joyce, Walter E __ ----------------------------- Administrative assistant_ __________________ _
Burrowes,
Alfred D
__ ------------------------Examiner----------------------------------·
Henrich, William
A--________________________ _____
do ______________________________________ _
Hoover, James o ___________________________________ do ____ . _________________________________ _
Reed, W. O ____________ · ___________________________ do ______________________________________ _
Snyder, T. R _______________________________________ do ______________________________________ _
Goodale, Robert C_ ________ ___________________ CounseL ___________________________________ _
iBladen,
~/~~1:W.l.i~:.31'.
~-~~: ::: ::::: :: :: :: :::::::: -si;.~~i-assistani_-_-_-_:::::: ::: :: :: ::::::::::: :
H_________ ________________ __ ____ __ SupervisinJ! accountant ___________ -----·---Riddel, James L_______ ________________________ Chief, Interest Section ___ ---·--- ____ ---·----
t~it~¥~:::
=:: :: :: : =: :: : :::: :: : :: : :: :: _f ~~j1~!~~~-~~~'.'.1'.~~~: =::: :: :: ::: : : :: : :: ::: :
Worthington, L. s________________.__________________ do ________________ --·--------·----- __ -··Ward, Peter C--·-··-----·---·-----·---------- Administrative assistant ______ -------·-----Chase, John H-·--····-·-----·----·--·-------- Assistant Chief, Statistical and Economic
Division.
~i;~;~·:l1=••••=•••••••••
·i~~~;;:I;:~•••••i•••••••..•••i•:••
tf!oo~g.J~hRR-:: :: :: :::::::::::::::: :: :::: :: ::::
=~~::::::: :: :: :::::::::: :: ::::::::: :::::::
Collins, James H_ -------··------·····-·-·-·-·- Administrative assistant__-···--·-·--··-----
i;st: fi;~i:~:::::::::::::::::::::::::::: iE~l~~~~ :e:~~;~~~: : : :: : : : : ::::::::
Dawson, Donalds __ ---·_:_. ______ --····-··--- Examiner_-----------·-·-·-·-·-·---·---·---·
i!f:~A,,,. . . . . . . . . ·,,1. . . . . . . .•. . . . . . . . . .
Coombs, J. Wende11---·--------------··-····-- Assistant to Mr. Klossner __ •-·-·····-····-·Colquitt, 0. B ___ --·-·--··-----·-·-·-·-·-·-··- Field representative __ -·-·-··-··-···--·-·-·--
$479. 17
47fi.OO
475. 00
475. 00
475. 00
466. 67
458. 33
458.33
458. 33
458. 33
458. 33
458. 33
458. 33
458. 33
450. 00
450. 00
450. 00
450. 00
450. 00
450. 00
433. 33
433. 33
433. 33
433. 33
433. 33
433. 33
425. 00
425. 00
425.00
425.00
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
(1)
LOAN AGENCIES•
Atlanta, Ga.:
gR;;:~!{,leW_•.-A··-·-·.·.-_._._-_--.--_-. .--. .--.·_.-·..·-_.--_._.-_--_ Manager ___ ._._···-· ••• _-·-·-·-······· •• -···
Assistant manager ___ ·---·-·-·---·--··--··-Balti~~:l'll'l· P-·-··--··-----······-·-·-- __ Field representativ•--···-·-·········-·······
goke, William H •.. ·-·-·-··········--···-- Spedal representative •. ·-······--·····-·····
Bi _hatterton, Joseph Y---·-··-··•-•·--···-- Examiner-·•·-··-·-···-···--····-·····-··-··
B~~.g'~,I~-~la.: Long, E. W ·-···········-· Manager .•••••• ·-·······-······-··-·········
¾~:[~;cie":,~/~f.~:::::::::::::::::::::::: -As,,i~f.;::i·maiiaie;_·:::::::::::::::::::::::::
Ch
Chl'.;,~~~nr- C.: Campbell, John A., Jr_-···· Manager.·-··-·--·-···-··••·-··•-·-·--··-·--
1
li~~:1•••••••••••••·• .:tss::•:••••••••••:•
•••••••••
$700. oo
416. 67
500. 00
(58,
33
416.67
(16.67
m::
500. 00
ii
on.per diem basis at $20 per day. Compensation for January, $505; for February, $85; for
M'•Embployed
tc,-.
E;cept ~ herein Indicated, attorneys handling legal matters of the various agencies of the Corporation
wo,nko recefive salaries but are paid in the customary way according to the character and volume of the
per ormed and therefore are not included.
d;
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84
REPORT OF RECONSTRUCTION FINANCE CORPORATION
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 Mar. 31, 1938-Continued
·
TABLE
LOAN AGENCIES •-Continued
Name
Salary per
month
Title
Chicago, 111.-Continued.
Mudgett, M.
C. FL_____________________________
-----------------------•--- Assistant
F.:rnminerto
_________
-------------------------Standish,
the manager
___________________ _
Walters, Harold s_________________________ Attorney ___________________________________ _
Gill, Charles R____________________________ Examiner _________ -------------------------Nelson, Harvey F ______________________________ do ______________________________________ _
Tuohy, Arthur. ____________ ------· . ___________ do ______________________________________ _
Cleveland, Ohio:
L.________________________ Assistant
Manager __manager
---------------------------------Gelbach,
Loring
Davies, M.
c _____________________________
_____________ , ___________ _
Wadsworth, J. L _______________________________ do _____________________________________ - Killpack, James M _____________________________ do ______________________________________ _
Dallas, Tex.: Glidden, L. B ___________________ Manager ___________________________________ _
Detroit, Mich.:
Coit, Gladding B ___________________________ - -__do ______ --- - -- ___ ------------ _. ___ ·---· - Hodgson, Raymond J _____________________ Assistant manager-~---·-------------------Nelson, Fred F _________________________________ do------------·---------·-·-·-----------_
Jacksonville, Fla.: Farwell, Fred H ___________ Manager ___________________________________ _
Kansas City, Mo.: Hodges, Frank _________________ do __________________ • ___________________ _
Little Rock, Ark.: Jarrett, J. w ____________________ do------------·----'---···---------------Los Angeles, Calif.: Haight, Hector c ______ . __ -----dO------·-·-----·-·-----·-·-------------Louisville, Ky.:
Abell, J. Fort ___________________ . _______________ do _____________ -----·------ ________ •• ___ _
Humphrey, Lovell M--·----·--·---------- Assistant manager_----------------------··Minneapolis,
Maynard,Minn.:
Ben c __________________________ Manager _________________ • _________________ _
Power, George C--------------·--------~-- Assistant manager _________________________ _
Nashville, Tenn.:
Gardenhire, J. M____________ ____ _________ _ Manager ______________ -------·--·--··-·--- __
Davis, Lee __ -------·------------------·-·- Assistant manager ___ --------·--------·----New Orleans, La.:
Buskie, George F ____ ____ ___ ___ _______ _____ Manager ___ --------·----------··-··--·---··_
Robertson, George W--------·-----·------ Assistant manager _________________________ _
Green, Justin _____________ ._·--____________ Examiner. __________ -·-- ___________________ _
Goodman, Samuel J._. ____________________ Agency counseL--·--·-···---·-----·-------New York, N. Y.:
Ahearn, Thomas J., Jr _____ ··------··----- Manager ___________________________________ _
Tyree, Young_--------·------------------- Assistant manager __ .-------·--------------Farthing, William J _______________________ Examiner ______________ ·--·---·--··------·-Schneider, John Thomas _________ . ________ Agency office counseL ___________ • _________ _
Evarts, Effingham________________________ Assistant agency office counseL ____________ _
Kavanagh, Thomas P --------·------·----- Examiner----------------------------------Barrett, F. H ____________ -·- _------·- _____ _ Special assistant_. _______ -·---. __ ----·------Summers, George ______ . __ -----·----------- AttorneY---------·--·--·-·-·-------- _______ _
Stevens, Harry L _---·----·-·-----------·- Examiner _________ ---·----------···-----·-Frey, Charles L-·-------·----------------- Chief, Loan Liquidation Division __ • _______ _
Linn, Henry A ______________________ -·____ Attorney ______________ ·--- _____ -·----------_
Sutherland,
J __ ---------------·--- _____ do
·---------------------·------------··_
Telsey, LeonConrad
G _________________________________
do __
______________________________________
Clarke, A. J., Jr ________________ ·--------·- Office manager--------·----·--·------··----OklahJma City, Okla.: Eagen, J. c___________ Manager------------------------·--------·-Omaha, Nebr.: Daniel, Herbert s _____ • ____________ do ______ ·-------·----------------··-----Philadelphia, Pa.:
Kiesling, Robert J _____________________ -·-- _____ do ______________________________________ _
Scott, E. Raymond ___________________ .____ Acting assistant manager _____ ·-----------·-Walton, Henry F., Jr ________ ·-·--··------- _____ do ___________________ ·----------·--··---McQarthy, Arthur F---------------------· Office counseL_ •••• _______________________ ._
Gretz, Arthur A--·----·.···-·----·-'-·---· Examiner_---···--- _______ ---·-----·- __ ·-- __
Richmond, Va.:
Gilmer, Henry G _•• ·- __ -·· -· _•••.• ---· •• ·- JVIanager·--··- .. __ ·- •• ·····-··---·-· ·-·- .•. _
Staples, E. W _-------------·-·-·--·-·-·--- Assistant manager __ •••··----------·-······-San Antonio, Tex.: Meerscheidt, Otto ___ ._. ___ Manager_·-----------·-·-·----··-----·---·-San Francisco, Calif.:
Calkins, A. A __ •• _·---_-·----·-·-·-··--_-· __ • __ do .• -·-·--···- •• ·-······-··············-.
McCullough, John S., Jr __ ··-··-·····--·-- Assistant manager ___ ··-·-·-·--·-----··--·-·
Hossack, H. F --··- •.. -----···· ·- ·- --·---· _ Examiner-····-·-···-·-·---·-··----·-·-·-·-St. Louis, Mo.:
Snyder, John W .·-·---···-·-----·--·----·- Manager __ ··-···-··-··············---·-···-Sain, Frank J..·-··-···----···--··-·---·-· Assistant manager····-··-···--·-··-·-·-~--·
$500.00
500. 00
475.00
458.33
416.67
416.67
791.67
541.67
541.67
541.67
458. 33
791.67
450. 00
416.67
500. 00
600. 00
500. 00
500. 00
479. 17
416.67
625. 00
450. 00
583. 33
458. 33
833. 33
500. 00
500. 00
500.00
833. 33
708. 33
791.67
708. 33
708. 33
525. 00
500. 00
500, 00
483. 33
458. 33
458. 33
416. 67
416.67
416. 67
450. 00
500. 00
833. 33
500. 00
416. 67
550. 00
441.67
500. 00
416.67
500.00
750. 00
500. 00
450. 00
708. 33
450.00
• Except as here·n indic,ted, attorneys han'.llhg legal m,tters of the vari :u1 a~encies of the Corporation
do not receive sahri•s but are paid in the customary way according to the character and volume of the
work performed and t:1erefore are not included.
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REPORT OF RECONSTRUC'l'ION FINANCE CORPORATIO:N
85
14.-Statement of cash receipts and expenditures during the first quarter,
Jan. 1, lo Mar. 31, 1938, inclusive (Corporation's accounts with Treasurer of
United States)
TABLE
-
C,.sh balance at the close of business Dec. 31, 1937, as per the books of the
treasurer of the Corporation_·------------···············································
Add:
Checks issued prior to Jan. 1, 1938, canceled subsequent to Dec. 31, 1937.
Corrections of errors reported to the Treasurer subsequent to Dec. 31,
1937..•.•... ••• . •••...•.. •••••• •••. .. ..•.......... ... .• ... . .. .. . • •• .•
37, 939. 52
Adjusted cash balance at the close of business Dec. 31, 1937.•••••••••••••.••••••••• ~.
Receipts:
Sale of notes ........• ·····-················ •..•.•.•...•.•.•••.•...•.••. $41, 473, 500. 00
Repayments on loans:
To banks and trust companies (including receivers). $8,800,944.49
To credit unions.....................................
7,419.00
To building and loan associations (including re166, 113. 96
ceivers)
.............
····-··
•.
······•.•••.•••••••••
To immrnnce companies ____________________________ _
220,816.99
To Federal land banks ....•.•••••••••.••••••••••••••• 4,047,039. 18
To joint-stock land banks ...•••••••••••••••••••••••••
161,437. 79
To mortgage loan companies _______________ ,. ________ __ 5, 890, 659. 43
To agricultural credit corporations........•........••
8,347.52
919,524.91
To railronds ..........•••.•........•...•...•.•••...•
To fishing industry ....................••••.•.•.•.•••
6, 11.o. 92
To industrial and commercial business ______________ _ 3, 062, 891. 91
To mining. milling, and smelting business ••••••••.••
13, 175. 16
On assets of closed banks._ ................•.•.•.••••
38:l, 3SS. 88
For sell•liquidating projects (par $i,428,600). ........ . 7, 428, 205. 79
For repair or reconstruction of property damaged by
earthquake, etc.:
Under sec. 201-a, act of July 21, 1932, as amended.
159,994.66
Under act of Apr. 13, 1934, a.s amended:
Industrial and commercial business ........••
18,999.69
Other.................•......................
33,877.13
For financing the carrying and orderly marketing of
agricultural commodities and livestock produced
in the United States:
Commodity Credit Corporation .••••••••.••••••• 3, 140, 416. 76
Other ...••..••.•.....•.....•.........••••••••••••
40,025.84
To drainage, levee, and irrigation districts .•••.•.•.••
387,164.41
Secured by preferred stock:
Insurance companies _______________________ -- ---·
440,305.19
297,610. 79
Banks and trust companies .••..•••..•.•.•.•.•.••
35, 643, 442. 40
~•ferred stock, capital note, and debenture retirements .•••••••••••..• 7,017, 7i0. 32
referred stock installment sales contracts ...............••..•........•
85, 36S.88
Sales of securities purchased from Federal Emergency Administration
F of Public Works._ ..........•......••.••••••••...••..••...••••••••••• 9, 284, 228. 84
Funds of Disaster Loan Corporation........••.....••..•......•.•.•••••
414,274.29
unds or The National Mortgage Association of Washington'··-······ 11, 000. 000. 00
1
10,270,547. 73
ri\~;~!_;~~~o'Nesg~edn~;~~1!~~ci "stock ·purci;aseci "c"tncl tlding i nteresi·on
interim receipts)_ .................................................... .
1cf1"es1 collectecl on capital notes and debentures •.••••••••••••••••••••
Aomm1tment fee.s or The RFC Mortgage Co_-·-·········· .•••••••••..
f;~~~~~r~~le~ns~~{~~.8.".l~~::::::::::::::::::::::::::::::::::::::::
~mium
on sale of securities purchased from other governmental agen•
Cl8S. __
Interest, to date or purchase on securities purchased from other govern•
t~~~i!,~'w~cJ!~ii..ico11eii:ect::::::::::::::::::::::::::::::::::::::::
cofl"YI?ents on advances for care and preservation of collateral. ..•.•••
Li ec/10!1S on collateral (cash collateral) .. _... _. __ ........ _.... _...•.••
Dqu"_a!Jo~ of assets acquired through foreclosure and settlements.•.••
P~~~1ts with hids for purchase of securities .•...•.•••••.•••••.•....•••
Fundmh1 on securities sold .......... _................. __ ...... __ ..•..•
tio s e1d as trustee tor series B notes of Commodity Credit Corpora•
i;m~~~~·~~\\i
aneous :(mcluding
~i~:==========================================
amounts credited in error) •.....••.••••••••••
$3,436, 6/il. 78
$2,466.97
40,406.49
3, 477, 058. 27
4, 2Sle, 090. 12
1,591, M56. 23
750, 035.1\3
2,766.94
6,393.07
1, 328, 287. 51
513, 81\4, 43
954,905.98
427,140.79
34:l.89
388,522. /i6
20. 440. co
17,960.00
n9. 80a. 42
8,466,749.85
4, 358, 911. 62
232,190.82
133, 599, 292. 22
142, Oi6, 350. 49
Bee footnotes at end of table.
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86
REPORT OF RECONSTHUCTION FINANCE CORPORATION
14.-Statement of cash receipts and expenditures during the first quarter,
Jan. 1, to Mar. 31, 1938, inclusive (Corporation's accounts with Treasurer of
United States)-Continued
TABLE
Expenditures:
Retirement of notes _______________________ : ___________________________ _
$5, 000, 000. 00
Loan disbursements:
To banks and trust companies (including receivers) __ $1,492,420.16
To buildin~ and loan associa,tions_ __ __ ______ __ __ __ ___
395, 531. 25
To joint-stock land banks____________________________ 2,051,229.92
To mortga~e loan companies_________________________ 9,564,097.29
To railroads _________________________________________ 13,533,000.00
To industrial and commercial business_______________ 1,410,801.69
To mining, milling, and smelting business___________
341,000.00
On assets of closed banks_--------------------------341,820.07
For self-liquidating projects (par $7,200,000) __________ 7,200,000.00
For rep3ir or reconstruction of property damaged by
earthquake, etc., under act of Apr. 13, 1934, as
amended, other than industrial and commercial
business___________________________________________
2,600.00
For financing the carrying and orderly marketing of
agricultural commodities and livestock produced in
the United States (Commodity Credit Corporation)_ 35,047,996.49
To drainage, levee. and irrigation districts___________
666, 176. 70
To Rural Electrification Administration _____________ 10,157,000.00
82,203,673.56
Purchases
of preferred stock and debentures, banks and trust----·
com_ 1, 083, 250. 00
panies _________________________________________________________
Purchase of stock of The National Mortgage Association of Washington'----------·------------------·----------------------------------- 11,000,000.00
Purchases of securities from Federal Emergency Administration of
Public Works. ________________________________________________ ----- -- 17,887,139.67
Withdrawal by The RFC Mortgage Co. of lunds held for it__ ________ _
5,000.00
Withdrawal by Disaster Loan Corporation of funds held for it. _______ _
361,219.22
Withdrawal by Commodity Credit Corporation of funds held for it_ __
151,029.57
Allocations:
To Federal Housing Administrator __________________ $1,900,000.00
For expenses, regional agricultural credit corporations_
188,997.60
For
expenses,
Federal Emergency Relief Administration
__________________________________________
._____
123. 55
2,089, 121. 15
Advances for care and preservation of collateral_________________________
485,658.65
Advances for care and preservation and expense on assets acquired
through foreclosure and settlements._________________________________
185, 825. 31
Expense ol servicing securities purchased from Federal Emergency
Administration of Public Works_____________________________________
32,347.95
Refund of interest and dividend overpayments_________________________
661,112.82
Release of cash collateral (Commodity Credit Corporation)____________
152,500.00
Release of cash collateral_______________________________________________
9,071.87
Interest on cash collateral to redlscounts_______________________________
577. 51
Interest on notes _______________________________________________________ 11, 11¼, 518. 77
Release of lunds held in suspense_______________________________________ 2,417,453.69
Accrued interest on securities purchased_______________________________
150,056.66
Furniture and fixtures_________________________________________________
5, 954. 19
Expense:
GeneraL _____ • _________________________________________ • __________
918, 313. 17
Loan agency_______________________________________________________
746,969.29
Custodian ______ ----------------------------------_________________
450,137.61
Reimbursable expense_________________________________________________
435,176.84.
Miscellaneous (Including refunds and adjustments for amounts credited
in error) ____________ ----------------------------------------_________
526,884.60
- - - - - $138,072,992.10
Cash balance at the close of business Mar. 31, 1938 _____________________ a____________
4,003,358.39
Name subsequently changed to Federal National Mortgage Association.
N0TE.-ln addition to funds on deposit with the Treasurer of the United States, custodian banks and
trustees held in suspense funds which amounted to $613,125.02 at the close of business Dec. 31, 1937, and
$795,526.77 at the close of business Mar. 31, 1938.
1
TABLE
15.-Statement of condition as of the close of businesS', Mar. 31, 1938
ASSETS
Cash:
General account _________________ • ______________________ ••• _._._. __ _
Expense account ___________________________________________________ _
Held by custodian banks and tru.stees_ ----------------------------Petty and other_____________________ --------------------------------
$3, 863, 644. 48
139,713.91
795,526.77
17,918.25
$4, 816, BOU!
48, 008, :ni. 00
U. S. Government
securities (par)_.---------------------------------------------------Loans
1 ______________________________________________________
• _________________________ _ 1, 219, 555, 925. 91
Preferred stock, capital notes, and debentures:
Banks and trust companies _________________ ------------------------ $554, 263, 020. 95
Insurance company _______ -----------------------------------------100,000.00
Installment sales contracts__________________________________________
241,856.97
554, 604, 877. 92
See footnotes at end of table.
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REI'OR'.r OF RECONSTHUCTION FINANCE CORPORATION
TABLE
87
15.-Statement of condition as of the close of business, Mar. 31, 1938-Con.
ASSETS-continued
Capital stock:
The RFC Mortgage Co............................................. $25,000,000.00
The National Mortgage Association of Washin~ton '· .. ....... ..• •• ..
II, 000, 000. CO
Securities purchased from Federal Emergency Administration of Public Works ...•.....••
Notes and accounts receivable ......... __ .. _.... __ ...................................... .
Advances for care and pre.servation of collateral. ......... ·.............................. .
Property acquired in foreclosures and settlements (original rost, ad•
vances for care and pre.servation and expense)......................... $12,322,949. 71
Less proceeds of liquidation and income.................................
3,858,082. 70
Accrued interest and dividends receivable ............................................. .
Reimbursable expense ............... _................................................. .
Furniture and lh tu res (less depreciation) ...................... __ ...................... ,
Other.................................................................................. .
$36, 000, 000. 00
140, 996, 536. 89
43,128.38
722,391.83
8,464,867.01
17,963,797.18
1,068,731.32
395,195.09
296,326.44
Total............................................................................. 2. 032, 936,781.38
LIABlLITIEA AND CAPITAL
Notes (series K and L) ......•..•.••.•••...... __ ........................................ . 1, 250, 594, 832. 95
Liability for funds held:
Cash collateral.. .........•.........•........... __ .................. . $2. 677,919.93
Trust funds ........ __ ......... __ ..........•....... __ .. ______ ....... .
6,443,147.97
For other governmental agencies ................................... . 28, 6.14, 336. 55
37, 75/\, 404. 45
Receipts not allocated pending advices from fiscal agents .................... __ ......... .
4,359,415. 16
Other liabilities (including suspended credits) ___ ..............•.........................
36, 130, 706. 24
Interest paid in advance and unearned discount. ........................ _________ ..... .
120, 769. 10
162,858.08
Interest and dividend refunds payable ................................ ·----------·······
Accrued interest payable.........•.......................•.. __ ................ __ •...•...
6, 953, 129. 89
13,429,024. 65
Deferred credits .................................................•...•............•.••...
Capital stock ... __ ................................................................. -... .
500, 000, 000. 00
Surplus ... ______ ........................................ __ .............. $183, 230, 639. 96
Reserve for self.insurance...............................................
200,000.00
183, 430, 639. 96
Total............................................................................. 2,032,936,781.38
MEMORANDUM
Undisbursed authorizations and conditional agreements to make loans, purchase preferred
stock, capital notes, and debentures, etc.'··--. __________ .. ______ ..... _................
Undishnrsed allocations to other governmental agencies (including advances under 1933
Relief Act) •.... ..... .. ... . ...... .. .... .. . .. .. .. . . . .. . . . .. .. . . . . . . . . .... .. . ...........
Undisbursed authorizations for advances for care and preservation of collateral............
747,733,271.51
37,841,498.97
475,480.48
-------
Total. .... -····· ...•...............•...•...•...•...................•.. •...........
786,050, 2/iO. 96
1 Loans under sec. 5 of the Reconstruction Finance Corporation Act, as amended, to aid in the reorganiza•
tion or liquidation of closed institutions have been disbursed in the aggre1rnte amount of $957,280,493.34.
Alter taking into consideration repayments of $880,721,073.58 item (I) of the balance sheet includes the
balance of $76,559,419.76.
'Name subsequently changed to "Federal National Mortgage Association."
1 Includes $67,671,168.77 undishursed balance of a loan of $1.10,000.000 to Commodity Credit Corporation
to enable ti to make or purchase 1937-38 cotton loans. If more than this amount 1s needed the Corporation
will provide it.
• Under t.he provisions of sec. 5 (b) of an act approved June 16, 1934 (Public, No. 362, 73d Cong.), the
Corporati,·n is required to purchase debentures or other obligations of the Feceral Derosit Insurance Cor•
poration, upon its request, up to but not exceeding $250,000,000. The Corporation has not been called upon
to purchase any such obligations.
Under the provisions of sec. 4 of the National Housing Act the Corporation bas disbursed $58,521,074.55
and is further authorized and directed to make available such funds as the Federal Housing Administrator
may deem neciessary.
Cnder the provisions of Public, No. 5 of the 7Mb Cong., approved Feb. II, 1937, the Corporation is required
!-0 purchase nonassessable capital stock of the Disaster Loan Corporal.ion, upon its request, up to but not
exceed in~ $20,000.000. The Corporation has purchased such stock tot.he extent of $10,000,000.
Cnder !he provisions of sec. 201 (e) of the Emer~ency Relief and Construction Act of 1932, and sec. 33 (b)
of the Farm Credit Act of 1937, the Corporation is required to pay all expenses incurred by the regional
agricultural credit corporations. The Corporation has allocated $17,000,699.77 for such expenses. Oft.his
amount $16,161,452.69 has been disbursed and $839,247.08 remains available for disbursement for expenses
incurred up to June 30, 1938.
The Corporation holds $37,000,000 in a revolving fund pursuant to sec. 84 of the Farm Credit Act of 1933, as
amended.
Under the provisions of an act approved Feb. 24, 1938 (Public, No. 432, 75th Cong.), the Secretary of the
Treasury is authorized and directed to cancel the Corporation's notes in an amount equivalent to the
amounts disbursed _for allocation to other governmental agencies and for relief, by the direction of Congress,
and the Interest paid thereon.
This statement of condition does not take into consideration expenditures incurred but not paid by the
Corporation at the close of business Mar. 31, 1938,
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