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REPO RT OF RECONSTRUCTION FINANCE CORPORATION
*

<< * …

LETTER

FROM

THE

CHAIRMAN

-

:

OF

2.5

THE

*

RECONSTRUCTION

F I N A N C E C O R P O R A T I O N T R A N S M I T T I N G ITS R E P O R T C O V E R

ING ITS OPERATIO N F R O M T H E F O U R T H Q U A R T E R OF 1935,
A N D FOR T H E PERIOD F R O M T H E ORGANIZATION OF T H E
C O R P O R A T I O N O F F E B R U A R Y 2, 1932, T O D E C E M B E R 31, 1935,
INCLUSIVE

MARCH 17, 1936.-Referred to the Committee on Banking and Currency and
ordered to be printed

REconSTRUCTION FINANCE CoRPoRATION,
Washington, March 17, 1986.
T h e S P E A K E R of T H E H o u s e of REPRESENTATIVEs.

SIR: Pursuant to the provisions of section 15 of the Reconstruction

Finance Corporation Act, asamended, the Corporation has the honor
to submit its report covering its operations for the fourth quarter of
1935, and for the period from the organization of the Corporation on .
February 2, 1932, to December 31, 1935, inclusive.
During the fourth quarter of 1935, under section 5 of the Recon

struction Finance Corporation Act, as amended, the Corporation
authorized 172 loans. These loans, together with increases during
thequarterinloanspreviously authorized, aggregated$42,161,250.26,

asfollows: $27,406,415.75 to banks and trust companies (including

$26,957,115.36 to aid in the reorganization or liquidation of closed
banks and trust companies); $14,423,468.63 to mortgage loan com
panies; $150,000 to a joint-stock land bank; $163,865.88 to livestock
credit corporations; and $17,500 to borrowers engaged in the fishing
industry.

During the fourth quarter of 1935, under section 5d of the Recon
struction Finance Corporation Act, as amended, the Corporation
made 218 authorizations to industrial or commercial business.
5 56 2 8 –3 0 – – 1

These

•* *

* * ----. ..

Aº ‘ºpy - “

2

* *** ** * **---

REPORT OF REC ONSTRU CTION FI NANCE CORPORATION

authorizations, together with increases during the quarterin authori
zationspreviously made, aggregated $14,179,828.31, asfollows: Loans
in the amount of $11,241,494.97; purchases of participations in the
amount of $2,262,933.34; and agreements to purchase participations
in the amount of $675,400.

During the fourth quarter of 1935, under section 5e of the
Reconstruction Finance Corporation Act, as amended, the Corport
tion made fourauthorizationsaggregating$40,784.84 on the assets of
closed banks and trust companies.

During the fourth quarter of 1935, undersection201 (d), title II,
of the Emergency Relief and Construction Act of 1932, as amended,
the Corporation authorized seven loans, together with increases
during the quarter in loans previously authorized, aggregating
$105,292,750, to aid in financing the carrying and orderly marketing
of agricultural commodities.
During the fourth quarter of 1935, under section 304, title III, of

the actapproved March 9,1933, as amended, the Corporation made

44 authorizations.

These authorizations, together with increases

during the quarter in authorizations previously made, aggregated
$21,085,364, as follows: Loans secured by preferred stock of banks

and trust companies in the amount of$55,000;subscriptions for pre
ferredstockofbanks and trustcompanies in theamount of$20,642,864;

and purchases ofcapital notes or debentures ofbanks and trust com
panies in the amount of $387,500.
During the fourth quarter of 1935, under section 36, title II, of the
Emergency Farm Mortgage Act of 1933, as amended, which e m
owers thecorporation tomake loans to orforthebenefitofdrainage,
evee, irrigation, and similar districts, etc., the Corporation author

ized38 loans. These loans, togetherwithincreasesduring thequarter
in loans previously made, aggregated $28,820,468.92.
During the fourth quarter of 1935, under the act approved April
13, 1934, as

*...i.i. the Corporation

authorized a loan in the

amount of$150,000 for financing the repair of property damaged by
earthquake in the year 1935.
During the fourth quarter of 1935, under section 14 of the act

approved June 19, 1934, as amended, which empowers the Corpora

tion tomake miningloans, etc., theCorporation authorizedfiveloans.
These loans, together with an increase in a loan previously made,
aggregated $123,000.
ummarizing the above, the Corporation, during the fourth quar
terof 1935, made 489 authorizations. These authorizations, together
with increases during the quarter in authorizations previously made,
aggregated $211,853,446.33. Cancelations or withdrawals during the

fourth quarter of 1935, of authorizations made during that quarter
and priorthereto, aggregated $111,033,748.59.

During thefourth quarterof1935, theCorporation under theabove
acts disbursed $90,215,433.52 and received repayments aggregating
$180,628,037.92.

The decrease in the amount outstanding on

December 31, 1935, as compared with September 30, 1935, was
$90,412,604.40.

During the entire period from the organization of the Corporation

on February 2, 1932, to December 31, 1935, inclusive, the Corpora

tion authorized under section 5 ofthe Reconstruction Finance Corpor
ation Act, as amended, 18,620 separate loans to 9,118 institutions,

DErosiTEe sy THE
UNITED STATES
,”

-

* *

*

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

3

aggregating $4,241,869,889.94, as follows: $2,394,124,929.83 to 7,380
banks and trust companies (including $1,054,289,509.10 to aid in the

reorganization or liquidation of closed banks and trust companies);
$145,004,713.25 to 1,009 building and loan associations (including
$23,157,069.21 to receivers of closed building and loan associations);

$102,850,858.28 to 132 insurance companies; $463,516,994.28 to 397
mortgage loan companies;$642,967.80to7 creditunions;$399,636,000
to 12Federalland banks (including$193,618,000representingrefinanc

ingofloanspreviously made by theCorporation toFederallandbanks
for different individual amounts, but in the same aggregate amount);

$21,305,572.68 to 24 joint-stock land banks; $9,250,000 to 8 Federal
intermediate credit banks; $6,040,140.31 to 20 agricultural credit

corporations; $178,840,452.48 (rediscounts) to 12regional agricultural
credit corporations and their branches; $14,758,827.88 to 20 livestock

credit corporations; $494,375,728 to 72 railroads (including $18,
946,708 to 7 railroad receivers and $1,729,252 to the trustee of a

railroad);$26,089.27 to7 processorsordistributorswho aresubject to
processing taxes; $10,787,715.88 to a State fund created for the pur
pose of insuring repayment of deposits of public moneys; and $708,
900 to 17 borrowers engaged in the fishingindustry.
Under section 5c of the Reconstruction Finance Corporation
Act, as amended, the Corporation from January 31, 1935, when this
section was approved, to December 31, 1935, inclusive, authorized

two subscriptions for capital stock of two mortgage loan companies
aggregating $12,000,000.
Under section 5d of the Reconstruction Finance Corporation Act,
as amended, the Corporation from June 19, 1934, when thissection was

approved, to December 31, 1935,inclusive,made 1,708 authorizations
to 1,616 industrial or commercial business concerns, aggregating
$103,976,106.85, as follows: Loans in the amount of $91,103,138.52 to

1,364businesses;purchasesofparticipationsin the amount of$8,959,
393.34 in loans to 169 businesses; and agreements to purchase partici

pationsin theamount of$3,913,574.99inloansto83 businesses.
Under section 5e of the Reconstruction Finance Corporation Act,
as amended, the Corporation from June 16, 1934, when this section
was approved, to December 31, 1935, inclusive, made 80 authoriza

tions aggregating $12,321,693.44 on the assets of80 closed banks and
trust companies.
Under the Emergency Relief and Construction Act of 1932, as
amended, the Corporation from July 21, 1932, when the act was

approved, to December 31, 1935, inclusive, made 799 authorizations
to 326 institutions, aggregating $1,772,464,301.92, as follows: Under
the provisions ofsection 1, title I,$300,000,000 was made available to
42 States and 2 Territories for purposes of relief and work relief;
under the provisions of section 201 (a), title II, as amended, loans or

contracts aggregating $292,157,054.86 were authorized to 182 insti
tutions for self-liquidating projects (including $10,450,000 to 6 insti
tutionsforfinancing the repair or reconstruction ofbuildings damaged

by earthquake, fire, tornado, or cyclone in 1933); under the pro
visions of section 201 (c), title II, loans aggregating $53,370,955.22
were authorized to 3 institutions for the purpose of financing sales in

foreign markets of agricultural surpluses; and under theprovisionsof
section 201 (d), title II, loans aggregating $1,126,936,291.84 were
authorized to 97 institutions to aid in financing the carrying and

4

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

orderly marketing of agricultural commodities and livestock, pro
ducedintheUnited States (including authorizationsof$1,041,000,000
to the Commodity Credit Corporation).
Under section 304, title III, of the act approved March 9, 1933, as
amended, theCorporation from March 9,1933, to December 31, 1935,
inclusive, made 8,433 authorizations for loans on or subscriptions for
preferred stock, or for the purchase of capital notes or debentures,
of 6,786 banks and trust companies, aggregating $1,252,018,189, as
follows: Loans in the amount of $26,179,455, secured by preferred
stock of 273 banks and trust companies; subscriptions for preferred
stockof4,042 banks and trust companies in the amount of$794,816,
934; and purchases of capital notes or debentures of2,843 banks and
trust companies in the amount of$431,021,800.
Under section 5, title I, of the Agricultural Adjustment Act of
1933, as amended, the Corporation from May 12, 1933, when the
act was approved, to December 31, 1935, inclusive, authorized two

loans aggregating $23,500,000 to the Secretary of Agriculture to
acquire cotton. Of this amount $20,200,000 subsequently was
canceled.

Under section 1 of the act approved June 10, 1933, as amended,
theCorporation from June 10, 1933, to December 31, 1935,inclusive,
made 11 authorizations to 9 institutions, aggregating $30,375,000
as follows: Loans in the amount of $30,275,000 secured by preferred
stock of eightinsurance companies; and a subscription in the amount
of $100,000 for preferred stock of an insurance company.
Under section 36, title II, of the Emergency Farm Mortgage Act
12, 1933, when the
of 1933, as amended, the Corporation from
act was approved, to December 31, 1935, inclusive, authorized 596

Vº

loans aggregating$121,153,518.84 to or for the benefit of576 drain
age, levee,irrigation, and similar districts, etc.
Under the act approved April 13, 1934, as amended, the Corpora
tion from April 13,1934, to December 31, 1935, inclusive, authorized
five loans aggregating $2,300,000 for financing the repair of property
damaged by earthquake or flood in 1933, 1934, 1935, and 1936.
Under section 14 of the act approved June 19, 1934, as amended,

the Corporation from June 19, 1934, to December 31, 1935, inclusive,
authorized 37 loans aggregating $7,145,000 to 36 borrowers engaged
in the business of mining, milling, or smelting of ores, etc.
Under section 16 of the act approved June 19, 1934, as amended,

the Corporation from June 19, 1934, to December 31, 1935,inclusive,
authorized one loan in the amount of$22,500,000 for the purpose of
payment of teachers’ salaries; of this amount $200,000 subsequently
was canceled.

Summarizing the foregoing, the Corporation, during the entire
periodfrom February 2,1932, to December 31, 1935,inclusive, made
authorizations aggregating $7,601,623,699.99. Of the total amount
authorized $1,006,233,360.26 was later withdrawn or canceled, and
$5,836,642,752.58 was disbursed. Repayments amounted to $3,100,

503,679.35, leaving$2,736,139,073.23 outstanding on thebooks of the
Corporation at the close of December 31, 1935.
In addition, the Corporation had outstanding on December 31,
1935, agreements to make authorizations, totaling $273,172,720.23,

upon the performance of specified conditions.

REPORT

OF RECONSTRU CTION

FINANCE

CORPORATION

5

Under section84 of the Farm CreditAct of1933, as amended, with
the approval of the Governor of the Farm CreditAdministration, the
Corporation, during the fourth quarterof 1935, authorized thereduc
tion of the capitalof nine regional agricultural credit corporations, as
follows: The Regional Agricultural Credit Corporation of Albany,
N. Y., from $420,000 to $350,000; of Baltimore, Md., from $40,000
to $25,000; of Fort Worth, Tex., from $3,290,000 to $2,600,000; of
Minneapolis, Minn., from $14,915,000 to $13,200,000; of Raleigh,
N. C., from $50,000 to $25,000; of Salt Lake City, Utah, from
$4,250,000 to $3,225,000; of Sioux City, Iowa, from $9,950,000 to

$5,200,000; of Spokane, Wash., from $9,000,000 to $5,500,000; and
ofWichita, Kans., from $6,500,000 to $4,300,000. The Corporation,
with the approval ofthe Governor of the Farm Credit Administration,

during the fourth quarter of 1935, authorized increases in the capital
of three regional agricultural credit corporations, as follows: The
Regional Agricultural Credit Corporation of Fort Worth, Tex., from
$2,700,000 to $3,290,000; of Minneapolis, Minn., from $12,515,000 to
$14,915,000; and of Wichita, Kans., from $5,500,000 to $6,500,000.
Under section 2 of the Reconstruction Finance Corporation Act, as
amended by section 6 (f) of the Federal Home Loan Bank Act, and
pursuant to the request of the Secretary of the Treasury, the Cor

poration during the fourth quarter of 1935, paid $9,150,000 to the
Secretary of theTreasury for the purpose of making payments upon
stock of Federal home loan banks subscribedfor by him. This made
a total of$94,395,700 so paid through December 31, 1935.
Under section 2 (a) .. section 6 of the Federal Emergency Relief
Act of 1933, the Corporation during the fourth quarter of 1935, dis

bursed $2,620.74 to the Federal Emergency ReliefAdministrator for

expensesnecessarytocarryouttheprovisionsoftheFederalEmergency
Relief Act of 1933, and received refunds of expenses previously dis
bursed amounting to $13,651.32, making a net total of $338,203.59
so disbursed through December 31, 1935. Upon certification of the
Federal Emergency Relief Administrator, the Corporation had made

payments for relief aggregating $499,650,000 through December 31,
1935.

Under theEmergency AppropriationAct,fiscalyear 1935,approved
June 19, 1934, the Corporation during the fourth quarter º 1935,
agreed to purchase $54,031,321.92, net face amount of marketable
securities from the Federal Emergency Administration of Public
Works to be held and collected or sold at a later date, and canceled
$34,443,000 face amount of commitments made during the third
quarter of 1935.
The Corporation from June 19, 1934, to December 31, 1935, in
clusive, purchased from the Federal Emergency Administration of
Public Works securities having a par value of $292,853,921.92. Of
this amount, securities having a par value of $116,405,200 (inclusive
of $1,953,000 of securities which were delivered early in 1936) were
sold at a premium of $3,779,080.05. Securities having par value of
$24,400,700purchasedfrom theFederal Emergency Administration of
PublicWorks were subsequently collected at a premium of$25,556.25
and securities having par value of $152,048,021.92 (excluding $1,953,

000 of securities which were delivered early in 1936) were held at the
close of business December 31, 1935. In addition, the Corporation
had agreed to purchase at par, to be held and collected or sold at a

6

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

later date, such part of securities having an aggregate par value of
$50,699,700 as the Federal Emergency Administration of Public
Works is in a position to deliver from time to time.

Under section 4, title I, of the National Housing Act, approved
June 27, 1934, the Corporation during the fourth quarter of 1935,

. #

paid $5,000,000 to the Federal
Administrator. This made
a total of $39,000,000 so paid through December 31, 1935.

The Emergency Relief Appropriation Act of 1935, approved April

8, 1935, provides:

That in order to provide relief, work relief, and to increase employment by
providing for useful projects, there is hereby appropriated, * * * not e x
ceeding $500,000,000 in the aggregate of any savings or unexpended balances in
funds of the Reconstruction Finance Corporation; * * *.

Under the above act the Corporation during the fourth quarter

paid $300,000,000 to the Secretary of the Treasury for the purposes
s ho w n above.

During the fourth quarter of1935, the Corporation authorized the
cancelation and termination of the unissued portion, amounting to
$185,907,000, of series F notes. Of the original authorization of
$250,000,000 of these notes, $64,093,000 were issued and sold in the

first quarterof 1934, and retired in the first quarter of 1935, asprevi
ously reported.

During the fourth quarter of 1935 the Corporation authorized
the issuance of $300,000,000 series K notes, to be sold to institutions

from which the Corporation has purchased preferred stock, capital
notes, or debentures; or, from time to time, to be exchanged or sold
to replace notes of the Corporation of other series.
During the fourth quarter of 1935, the Corporation redeemed and
canceled $149,621,666.67 of its series E notes, held by banks from

which the Corporation purchased preferred stock, capital notes, or
debentures; sold $335,500 series H notes, to institutions from which
the Corporation subscribed for or purchased preferred stock, capital
notes or debentures; sold $310,000,000 series J-3 notes, and $70,000,

000 series J–4 notes, aggregating $380,000,000, to the Secretary of
the Treasury; redeemed and canceled $105,000,000 of its series J–4
notes held by the Secretary of the Treasury; and sold $149,171,666.67

series K notes to banks from which the Corporation purchased pre
ferred stock, capital notes, or debentures to replace series E notes
previously sold.
As of December 31, 1935, there were outstanding $4,347,459,666.67
of the Corporation's notes, as follows:
Series G---------------------------------$16,000, 000.00
Series H---------------------------------87,288,000.00
Series J-1--------------------------------- 1,715,000, 000.00
Series J-2--------------------------------- 1, 525,000, 000.00
Series J-3--------------------------------635, 000, 000, 00
Series J-4--------------------------------220,000,000. 00
Series K---------------------------------149, 171,666.67
Total------------------------------- 4, 347, 459,666.67

The following tables are attached hereto:
Table 1. Aggregate authorizations, withdrawals or cancelations, disbursements,
repayments, and amounts outstanding, by classes, during the fourth quarter
of 1935, and from February 2, 1932, to December 31, 1935, inclusive.

Table 2. Number of new borrowers, etc., to which authorizations were made, by
States, during the fourth quarter of 1935.

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

7

Table 3. Number of authorizations, by States, during the fourth quarter of 1935.
Table 4. Number ofborrowers, etc.,to which authorizationswere made, by States,

February 2, 1932, to December 31, 1935, inclusive.
Table 5. Number of authorizations, by States, February 2, 1932, to Decem
ber 31, 1935, inclusive.
Table 6. Amount of authorizations, withdrawals or cancelations, and disburse
ments from February 2, 1932, to becember 31, 1935, inclusive, by States.

Table 7. Amount of authorizations, disbursements, repayments, and amounts
outstandingfrom February 2,1932, to December 31, 1935, inclusive, by months
and classes.
Table 8. N u m b e r of borrowers and amounts of loans authorized under section 5 of

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

Table 9. Loans on and purchases of preferred stock, and purchases of capital
notes or debentures, of banks and trust companies, outstanding as of D e c e m

ber 31, 1935 (under sec. 304, title III, of the act approved Mar. 9, 1933, as
amended).
Table 10. Loans authorized (and commitments outstanding as of Dec. 31, 1935)
to industrial or commercial business under section 5d of the Reconstruction

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

Finance Corporation Act, as amended (including purchases of participations,
and agreements to purchase participations, in loans), by industries, from
June 19, 1934, to December 31, 1935, inclusive.
Table 12. Loans to aid in the
or liquidation of closed banks and
trust companies from February 2, 1932, to December 31, 1935, inclusive, by

º

States (includes loans to receivers, liquidating agents, and conservators, and
loans through mortgage loan companies to aid in the reorganization or liquida
tion of closed banks and trust companies, undersection 5 of the Reconstruction

Finance Corporation Act, as amended; and authorizations on the assets of
closed banks and trust companies under sec. 5e of the Reconstruction Finance

Corporation Act, asamended).
Table 13. Total authorizations; commitments outstanding (as of Dec. 31, 1935);
purchases of securities from Public works Administration; and allocations to
other governmental agencies and for direct relief from February 2, 1932, to
December 31, 1935, inclusive.

Table 14. Names and compensation of directors, officers, and employees of the
Reconstruction Finance Corporation receivingfrom the Corporation more than
$400 per month, as of December 31, 1935.

Table 15. Statement ofcash receiptsand expenditures during the fourth quarter,
October 1, 1935, to December 31, 1935, inclusive (Corporation's accounts with
Treasurer of United States).

Table 16. Statement of cash receipts and expenditures, January 1, 1935, to
December 31, 1935, inclusive (Corporation's accounts with Treasurer of
United States).

Table 17. Statement of cash receipts and expenditures, February 2, 1932, to
December 31, 1935, inclusive (Corporation's accounts with Treasurer of
United States).
Table 18. Statement of condition of the corporation as of the close of business,
December 31, 1935.

Respectfully,

J

H. Jo
E S S E H . JO N E S ,

Chairman.

GEORGE R. Cooks Ey,
Secretary.

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24

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;

Class

B
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-------

5
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|-----13
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3
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;
;

#

:|
:
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|
Class

e
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Bn
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--------

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12

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----------

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t
c
d
e
a
i
s
d
h
l
o
n
y
s
n
g

1.
M
1;
T
4;
e
a
nn
i
es
nee
,

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

Revised
*

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

39

T A B L E 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to Dec. 31, 1935, inclusive, by States
G R A N D

T O T A L

Am o un t with
d r a w n or c a n
celed

A mo un t authorized

Alabama----------------------------------------Arizona-------------------------------Arkansas-------------------------------

California----------------------------

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Pennsylvania-------------------------------Rh od e Island-------------------------------South Carolina-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

- - - - - - - - - -

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Virgin Islands-----------------------------------I

$35,163,547.76
$4,782,069.82
22,736,713.36
342,948.27
61,660,606.37
8,747,358.76
529,623,094.91
27,653,385.93
24,856,686.63
2,965,514.97
30,246, 585.41
4,056,056.38
3,225,500.00
,300.00
1 106,933,892.66
3,963,294.66
23,768,619.83
5,184,695. 13
24,532,651. 16
5,438, 164.60
14,066, 194.48
1,438,490.06
425,328,741.41
40,917,786.21
76,479,278.59
12,027,980.95
88,595,424.95
13,705, 158.00
20,358,520.39
9,025.65
51,147,933, 13
9,995,776.81
210,822, 123.11
83,248,868.59
76,526,979.02
9,232,954.21
138,955,620.65
13,577,454.36
89,069,279.65
12,451,609.55
500, 830,795.51
60,022, 152.05
39,530,130.01
5,301,613. 39
44,614,582.00
4,202,882.77
113,785,432.65
29,458,495.59
14,253,976.45
1,068,513.68
23,524,263.59
3,490,900.34
11,499,912.85
817,293. 10
4,853,603.00
1,047,504.92
226, 102,294.79
26,534,156.08
10,853,525.81
1,325, 669.02
743,949,182.59
52,889,429.44
63,874,009. 10
9,303,839.73
14,055,973. 28
1,561,259.66
540,858,736.76
79, 512, 165.20
26,050,987.79
1,743,033.22
21,809, 432.88
2,508,548. 74
317,624, 150.80
56,528,635.45
6,284,877.54
432,838.00
34,408,025.24
3,666,023.47
18,643,526.64
3,971,985.25
115,296,675.50
14,626, 295.30
125,386,513.29
15,379,597.01
21,767,763.45
3,284,253.99
26,754,096.63
1,753,770.27
42,000,894.85
6,185,811.47
59,995, 143.46
16,997,006.68
44,942, 564.61
4,679,807.78
121,323,666.13
17,413,080.28
6,326,898.62
833,587.49
137,500.00 -----------------1,444,935.00
14, 103.00
4,517,500.00
624,694.25
251,000.00
126,000.00

Total-------------------------------------- 5,401, 650,564. 29

691,905,839.53

A mo u nt dis
bursed

$29,898,044.60
9,548,929,53
41,454,318.40
405, 704,651.15
19,085,083.
25,806,865.72
17,200.00
156,846,326.97
14,912,720.27
18,577,041.15
11,305,453.89
367,785, 605.28
62,015,208.50
73,500,321.90
16,491,417.42
37,770,790.38
124,969,294.21
65,345,347.77
123,968,795. 29
72,210,545.72
397,824, 124.30
33,647,416.62
36,962,030.58
78,006,076.97
12,663, 394.64
19,628,915.05
7,598,362.81
3,806,098.08
188,478,173.06
9,252,317. 40
547,904, 452.81
52,305,264. 56
11,920,834.32
413,821,049.13
23,947,870.31
16,332,749.66
247,549,604. 44
5,605,988.23
29,551,375.37
14,561,491.39
97,238,743.77
104,001,378.62
17,703,476. 89
4,544,026.36
34,376,296.38
41,524,797.83
38,842,787.05
102,273,535.85
5,336,261.02
137,500.00
1,230,832.00
3,823,805.75
125,000.00
4,200,539,993. 17

woans

T o Federal land banks 2---------------------- 3390,636,000.00
12,400,000.00
T o Federal intermediate credit banks :------9,250,000.00 ||-----------------T o regional
icultural credit corporations
iscounts) *-----------------------------178,840,452.48
5,596,811.76
T o railroads (including receivers and trus
tees) -------------------------------------494,375,728.00
6,968,155.89
For financing exports of agricultural sur
pluses *------------------------------------53,370,955. 22
33,146,368.56
T o Commodity Credit Corporation *--------- 1,041,000,000.00
236,016, 184.52
Loans to Secretary of Agriculture to acquire
cotton ----------------------------23,500,000.00
20,200,000.00
-

Grand total

-

-

-

-

-

-

7,601,623,699.99 || 1,006,233,360.26

º

1Includes $35,000,000 authorized and $10,000,000 disbursed to the
and $2,500,000 authorized and disbursed to the Second Export-Import Bank of
*These loans are not included in the State totalsshown above.

*387,236,000.00
9,250,000.00
173,243,640.72
487,216,824. 11
20,224, 586.66
555,631,707.92
3,300,000.00
45,836,642,752.58

Bank of Washington,
ashington, D. C.

* Includes $193,618,000 representing refinancing ofloans previously made by the Corporation to Federal
land banks for different individual amounts, but in the same aggregate amount.

*In addition, upon certification by the Federal Emergency Relief Administrator, under the Federal
Emergency Relief Act of 1933, the corporation disbursed $499,650,000 for relief, as shown below; and dis

bursed $338,203.59 to the Federal Emergency Relief Administrator for expenses necessary to carry out
the provisions of the above act.

40

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 3, 1982, to Dec. 31, 1935, inclusive, by States–Continued
A M O U N T OF D I S B U R S E M E N T S F OR RELIEF U P O N CERTIFICATION OF G R A N T S
B Y T H E F E D E R A L E M E R G E N C Y RELIEF AD MI NIS TR AT OR, U N D E R T H E F E D E R A L
E M E R G E N C Y RELIEF A C T OF 1933, F R O M FEB. 2, 1932, T O DEC. 31, 1935, INCLUSIVE,
B Y

ST ATES

Amount

State

State

disbursed

Amount

disbursed

$370,801
966,436
15,423,438
889,188
63, 131,826

i#

ii
;i;#
090,
90,

499,650, 000

TOTAL, SEC. 5, R E C O N S T R U C T I O N F IN A N CE C O R P O R A T I O N ACT, A S A M E N D E D
State

Amou ºAuth*

mo u ntorcanwith
| Adrawn
celed

Alabama----------------------------------------Arizona-Arkansas
California.-Colorado--Connecticut.-Delaware---------District of Columbialorida-----------------------------------------Georgia-----------------------------------------Idaho-------------------------------------------Illinois------------------------------------------Indiana-----------------------------------------Iowa--------------------------------------------Kansas------------------------------------------Kentucky---------------------------------------Louisiana---------------------------------------Maine------------------------------------------Maryland---------------------------------------Massachusetts----------------------------------Michigan----------------------------------------

'Minnesota---------------------------------------

Mººl.
Missouri----------------------------------------- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Montana-----------------------------------------

Nebraska----------------------------------------

Nevada-----------------------------------------N e w Hampshire--------------------------------ew Jersey-------------------------------------N e w Mexico

Anº
dis
ursed

$15,309,876.42
,300.00
32,137,546. 57
208,463,213.78
8,605,071.29
20,587,785.41
257,000.00
54,119,392.
10,378,605.83
13,608,892.50
8,269,781.61
236,477,727.01
49,819,736.05
72,257,715. 13
9,135,036. 39
767,368. 24
117,408, 146.11
63,309,434.02
103,168,510.65
63,393,329.65
415, 534,840. 97
16,989,079.13

$4,068,694.82
264,448.27
6, 159,339.46
9,742,587.77
1,406,322.97
2,288,909.72
8,000.00
1,662,294.66
4,007, 543.13
2,882, 397.94
865,500.85
33, 131,389.38
8,981,669.01
11,017,899.93
1,784,025.65
3,608,463.42
30,405,618.59
7,200,254.21
11,088,744.36
7,761,111.84
56,222,012.28
3,399,087.43

$11,102,581.60
2,754,251.73
25,508,107.11
198,248,776.01
7,062,948.32
18,103,739.72
249,000.00
31,370.826.97
6,245,428.43
10,675,696.25
7,361,080.76
194,443,114.08
39,323,267.04
60,669, 515.20
7.215,710.74
18,525,886.87
86,470,843. 16
55,278,779.81
90,908,776.29
54,480,721.69
318,352,488.22
13,421,891.70

71,902,292.45
18,882, 809.36
5,552,700. 41
12,562,223.59
6,813, 725.92
1,794,000.00
128,266,949.42
2,597,215.05
293. 690,430. 11
45,702,530.90
7,931,784.75
413,998,634.43
9,704, 107.98
10,150,911.18

23,219,947.82
2,444,452.77
569,398.68
2,277,300.34
411,668.96
356,139.92
16,382,617.78
705,669.02
,894,900.60
7,203,589.45
1,029,948.33
70,046,582.98
,337,605.71
1,831,478.03

47,735,512.27
16,085,958.59
4,960,701.73
10,149,617.96
6,365,156.96
1,437,850.08

108,233,526.82
1,891,546.03
188,030,693.96

36,686,828.56
6,896,636.42

310,661,980.60
8,034,918.01
8,166,700.27

REPORT

OF

RECONSTRUCTION

FINANCE

41

CORPORATION

TABLE 6–Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 3, 1932, to Dec. 31, 1935, inclusive, by States–Continued

TOTA L, SEC.5, R E C O N S T R U C T I O N F I N A N C E C O R P O R A T I O N ACT, A S A M E N D E D - C o n .

Amoºtho,

State

Am oun t with
d r a w n or can-

*...*

celed

Pennsylvania-----------------------------------Rhode Island-----------------------------South Carolina--------------------------South Dakota-----------------------------ennessee--------------------------------

Texas-------------------------------------Utah----------------------------------Vermont----------------------------Virginia---------------------------Washington-----------------------West Virginia---------------------Wisconsin-------------------------Wyoming---------------------------Alaska--------------------------Hawaii----------------------------Puerto Rico.-------------------------------------L

$214,977,441.80
$44,169,164.21
1,888,287.54
1,338.00
25,619,995.24
3,295,451.84
11,935,593.72
3,743,537.18
82,302,938.50
8,410, 193.78
62,769,244.81
- w w . sº
34
12,978,956.97
2,294,453.99
10,757,096.63
1,705,079.77
21,715, 565.05
3,844,735.47
38,807, 269.39
12,251, 513.51
27,261,646.61
3,504,874.44
67,525,469.61
11,914,845.85
4,470,498.62
513,587.49
,000.00 -----------------850,000.00
14, 103.00
1,218,000.00
372,694.25

Total-------------------------------------- 3,159,767,709.46

466,788,172.20

$164,379,411.67
1,721,932.71
21,530,043.40
8,115,506.54
73,534,466.72
53,961,909.90
10,433,502.98
8,620,716.86
17,536,192.58
26,421, 555.88
22,659,652.39
54,874,823.76
3,946,361.02
100,000.
835,897.00
845,305.75
2,482,628,347. 12

o a n s:

T o Federal land banks "---------------------T o Federal intermediate credit banks ------To
agricultural credit corporations
(rediscounts)*------------------------------

j º

*399,636,000.00
12,400,000.00
9,250,000.00 ------------------

a387,236,000
9,250,000.00

178,840, 452.48

5,596,811.76

494,375,728.00

6,968,155.89

173,243,640.72
487,216,824. 11

Grand total.-------------------------------- 4,241,869,889.94

491,753,139.85

3,539,574,811.95

To railroads (including receivers and trus
tees)*---------------------------------------

B A N K S A N D T R U S T C O M P A N I E S (INCLUDING RECEIVERS, LIQUIDATING AGENTS,
A N D CONSERVATORS)

California-Colorado

$12,946,065.87
2,061,300.00
26,487,259.65
125, 830,585

$3,494,241.96
164,448.27
5,541,415.67
,798,987.99
,492. 13

$9,313,223.91

§

i ;#i;
66

25, 732,

| ; #i
. :;i
,51o

#

#;

1

;
179

.

;

º; ;
,651 ;
# ;
21

;

39

º:
##

146

:;

4º

558

§

;

3:...gº.

2,572,647.90

§39
; :
.30

Oklahoma-Oregon------------------------------------------Pennsylvania
Rhod e Island

1,513,773.54
111,315, 119.27
34,806, 487.51
7,636,284.75
303,654,351.61
4,549,457.98
8,255,880.88
202,973, 735.64
1,420,841.54

;º 9.

9,3

80
1

16,547,291.
6,761,375.
1,021,680.58
38,971,200.15
1,214,656.41
1,344,425.73
41,789,991.24
9,075.00

91,690,425.44
27,433,328.96

*These loans are not included in the State totals shown above.
* Includes $193,618,000 re
nting refinancing ofloans previously made by the corporation to Federal
Land Banks, fordifferentindividualamounts, but in thesame aggregate amount.

42

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to Dec. 31, 1935, inclusive, by States–Continued

comfANIES
(INCLUD ING RECEIVERS,
N D C O N S E R VA T O R S ) — Co n t i n u e d

BANKS A N D TRUST

Amour.Author

State

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

Tennessee-------

-

Texas----------Utah-------------------Vermont-------------------------Virginia--------Washington
West Virginia--Wisconsin----------------Wyoming------------------------Alaska---------------------------Hawaii-----------------------------Puerto Rico.--------------------------------------

-

-

-

-

-

-

-

-

LIQUIDATING A G E N T S

Am oun t with
drawn or canceled

$21, 182,446.13
$1,919, 259.23
5,048, 516. 70
997, 263.38
77,886,031.50
6,267,529. 81
30,998,074.80
4,566,098.62
7,666,513.87
1,937,860.29
10,757,096.63
1,705,079.77
18,477,208.67
2,909, 551.95
30,324,510.09
11,553, 544.30
24,226, 155.84
2,901,329.74
41, 147,990.81
9,585,763.75
1,486,574.42
290,041. 53
100,000.00 -----------------850,000.00
14, 103.00
1,218,000.00
372,694.25

Total--------------------------------------| 2,394, 124,929.83

368, 502,551.85

Amºir
$18,468,686.90
3,974,703.32
71,269,001.69
25,743,612.61
5,477,653.58
8,620,716.86
15,242, 556.72
18,636,765.79
20,227,706.32
30,826,427.06
1,196,532.89
100,000.00
835,897.00
845,305.75
1,919,278,221.06

BUI LDIN G A N D L O A N ASSOCIATIONS (INCLUDING RECEIVERS)
Alabama----------------------------------------Arkansas----------------------------------------

California---------------------------------------Colorado-----------------------------------------

Connecticut------------------------------------Georgia-----------------------------------------Illinois-------------------------------------------

Indiana-----------------------------------------Iowa---------------------------------------------

Kentucky---------------------------------------Louisiana----------------------------------------

Maryland--------------------------------------Michigan---------------------------------------Minnesota--------------------------------------M

flippi
-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Missouri----------------------------------------Montana---------------------------------------Nevada-----------------------------------------N e w Jersey-------------------------------------N e w York--------------------------------------North Carolina---------------------------------North Dakota.----------------------------------Ohio--------------------------------------------Pennsylvania-----------------------------------South Carolina---------------------------------South Dakota----------------------------------Tennessee--------------------------------------Texas-------------------------------------------Virginia.-WashingtonWest Virginia
Wisconsin--------------------------------------Wyoming----------------------------------------

-

-

-

-

Total--------------------------------------

$111,000.00
$811.96
2,758,378.25
100,944.36
9,805, 134.81
523,756. 13
110,000.00
3,263.06
549,000.00
49,242.14
5,000.00 -----------------3,988,989.09
302,971.46
1,683,000.00
22,179.40
1,132,800.00
25, 110.25
1,449,500.00
54,488.39
2,673,860.03
24, 186.57
2,078,400.00
28,696.94
2,091,287.87
221,494.69
107,500.00
3,226.48
103,500.00
7,502.78
250,000.00
2,230.27
313,605.00
78,068.78
85,000.00
55,000.00
30,379,926. 12
1,703,772.45
9,102,159.38
1,796,134.86
3,580,018.39
75,868.94
155,000.00
3,022.75
52,003,834.58
22,372,623.40
4,102,100.00
156,297.39
1,668,049. 11
149,228.63
261,077.02
15,011. 55
290,000.00
405.15
1,718, 150.00
105,416.04
975,662.35
25,050.
164,000.00
5,591.24
1,626,000.00
15,681.12
9,041,000.00
463,211.79
641,781.25
62,422.77
145,004,713.25

$110, 188.04
2,557,433.89
,281,378.68
106,736.94
499.757.86

5,000.00
3,686,017.63
1,660,820.60
1,107,689.75
1,395,011.61
2,649,673.46
2,049,703.06
1.869, 793.18
104,273.52
95.997.22
247,769.73
235,536.22

30,000.00
28,676, 153.67
7,306,024.52
3,504,149.45
151,977.25
29,631,211.18
3,945,802.61
1,518,820.48
246,065.47
289,594.85
1,612,733.96
950,611.45
158,408.76

1,610,318.88
8,577,788.21
568,808.37

28,452,912.64

116,441,250.50

$41,300.00
80,000.00

$297,750.00
355,000.00
50,000.00

INSURANCE COMPANIES
$339,050.00
435,000.00
50,000.00
75,000.00 i-

33,000.00
6,028,500.00

75,000.00
-

96,042. 28

4,498,000.00
1,262,021.45
3,522,000.00
102,212.50
422,000.00
47,983. 34
1,000,000.00
1,000,000.00
1,270,000.00
21,943. 75
13,985,000.00 -----------------4,816,913.76
609. 394.50
28, 500.00
6,000.00
112,000.001------------------

33,000.00
5,932,457.72
3,235,978. 55
3,419,787.50
334,016.66
-----------------1,248,056.25
13,985,000.00
4,207,519.26
22,500.00
112,000.00

REPORT

OF RECONSTRUCTION

FINANCE

43

CORPORATION

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

mentsfrom Feb. 2, 1932, to Dec. 31, 1935, inclusive, by States-Continued
I N S U R A N C E C O MP A NI E S- C on t in u e d

A m o u n t aut hor
ized

State

Missouri----------------------------------------Nebraska-N e w JerseyN e w York---North CarolinaNorth Dakota.-Ohio---------

Oklahoma-Pennsylvania.-South CarolinaSouth Dakota.-Tennessee-Texas----

Virginia-----West Virginia.-Wisconsin--------------------------------------Total-------------------------------------MORTGAGE

Am oun t with
drawn
or c an
celed

$7,870,000.00
$298,218.63
2,399, 150.00
401,663.56
902,000.00
88,500.00
28,483,600.00
1,086,357.04
1,932,500.00
112. 50
74,500.00
5,000.00
15,865,000.00
7,033,661.80
275,000.00
1,950.00
1,816, 225.47
744,325.47
504,000.00 -----------------50,000.00 -----------------711,000.00
34, 125,51
4,170,731.66
44,083.24
385, 196.62
10,104.37
736,990.77
276,363.58
60,000.00 -----------------102,850,858. 28

LOAN

13,291,363.52

A mo u nt dis
bursed

$7,571,781.37
1,997,486.44
813,500.00
27,397,242.
,932,387.50
69, 500.00

8,831,338. 20
273,050.00
1,071,900.00
504,000.00
50,000.00
676,874. 49
4, 126,648.42
375,092.25
460,627. 19
60,000.00
89,519,494.76

COMPANIES

$1,913,760. 55
$532,340.90
$1,381,419.65
100,000.00
100,000.00 -----------------1,683,500.00
332, 168.02
1,101,331.98
69,342,493.44
1,077,370.93
68,231,872.51
1,374,000.00
29,903.88
1,344,096. 12
1,675,000.00
315,243.38
1,359,756.62
25,764, 532.60 ||-----------------5,563,061.57
930, 408.00
95,719.61
782,313.38
1,711,994. 51
458,794.58
1,253, 199.93
2,414,000.00
44,023.52
2,369,976. 48 .
9,956,669. 90
3,084,980.38
4,383,439.52
220,000.00
508.
197,491.92
2,773, 550.00
2,773, 550.00 -----------------97,500.00
47,500.00
50,000.00
50,000.00
92,500.00
42,500.00
6,401,657.94
1,850,461.52
4, 148,538.48
3,200,000.00 -----------------3,200,000.00
25,114,852.97
2,383,839.20
21,728,623.77
21,693,574.65
2,635,688.59
18,801,689.94
12,554,728.30
4,571,884.73
7,891, 566.87
3,102,500.00
67,500.00
3,035,000.00
501, 450.00
4,650.00
319,300.00
2,239,250.00
997, 227.82
1,242,022. 18
202. 39
156,167.61
156,370.00
695,225.00
40,978. 56
654,246,44
800,000.00
170, 174.60
629,825.40
17,635, 500.00
5,217,964. 73
10,920,730.45
209,000.00
60,000.00
149,000.00
144,372,300.00
7,280,456.70
61,404,410.30
4,602,525.00
296,388.47
3,105,806. 53
65,000.00
245.00
64,755.00
42,468,048.24
1,661,697.63
40,521, 169.61
4,879,650.00
120,999.30
4,683, 166.44
1,007, 500.00
458,602.30
548,897.70
6,081,475.00
1,478,550. 11
4,595,074.89
6,576,000.00
2,731,262.25
3,844,737.75
3,094,657.00
1,883,700.00
1,202,179.00
21,282,372.24
2,608,700.01
18,619,684.23
1,285,000.00
50,000.00
1,235,000.00
1,829,030.61
900,028.25
919,465.36
058,155.41
492,946.27
4,565,209.14
72,500.00
11,500.00
61,000.00
6,488,762.92
1,842,785.61
4,645,977.31
Total.--------------------------------------

463,516,994. 28

48,775,037.32

310,961,204.08

44

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
mentsfrom Feb. 2, 1932, to Dec. 31, 1935, inclusive, by States—Continued
CREDIT UNIONS

Amoºtho,

State

Am
oun t withd r a w n or can-

*:::::dis
-

celed
Massachusetts----------------------------------Michigan---------------------------------------Minnesota--------------------------------------N e w York--------------------------------------Rhode Island-----------------------------------Virginia-----------------------------------------Total.--------------------------------------

$74,555.00
$843.42
$73,711.58
65,000.00
9,504.30
55,495.70
10,000.00
261.29
9,738.71
20,000.00
20,000.00 l-----------------467,446.00
12,263.00
455,183.00
5,966.80 -----------------5,966.80
642,967. 80

42,872.01

600,095.79

JOINT-STOCK L A N D B A N K S
$590,000.00
$104,811.41
$485, 188.59
3,485,000.00
342,472.72
3,142,527.28
1,294,772.68
80,763.90
1,214,008.78
205,000.00 l-----------------,000.00
3,645,300.00
1,383,306.72
2,261,993.28
335,000.00
62,078.76
272,921.24
2,150,000.00
170,012.90
1,979,987.10
330,000.00
330,000.00 -----------------82,500.00 l-----------------82,500.
1,035,000.00
158,213.06
876,786.94
185,000.00 l-----------------185,000.00
1,626,000.00
516,000.00
1,110,000.00
781,000.00
69,843.88
711, 156.12
2,185,000.00
1,168,463.98
1,016,536.02
190,000.00
00,000.00
90,000.00
2,036,000.00
708,465.48
1,327, 534.52
550,000.00
1,767.58
548,232.42
600,000.00
300,000.00
300,000.00
Total--------------------------------------

21,305,572.68

5,496,200.39

15,809,372.29

A GR IC U LT UR AL CREDIT COR PORATI ONS
Arizona-----------------------------------------Arkansas--------------Colorado----------------Florida------------------Idaho---------------------------Iowa------------------------------Louisiana-------------------------N e w York------------------------North Dakota---------Oregon----------South Carolina
Tennessee-----------Texas---------------Washington-------------------------------------Total--------------------------------------

,000.00
183,408.67
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

l----------------------------------$11,500.00
!-----------------5,167.00
25,000.00
l-----------------164,660.72
----------------------------------58,500.
124,250.00
95,491.08
6,239.95
3,013, 103.89
81,931.70

2,931, 172.19

6,040,140.31

5,562,890.94

477,249.37

$880,000.00
183,408.67
59,955.31
435,000.00
58, 722. 50

455,000.00
120,000.00
232,590.74
1,000.00
116,790.30

LIVESTOCK CREDIT CORPORATIONS
Colorado----------------------------------------aho-------------Missouri--Montana------------------------N e w Mexico
Oregon------------------Texas-------------------tah--------------------Washington
Wyoming----------------------------------------

$382,850.00
2,132,035.29
421,000, 00
2, 142,250.00
874,441.51
270,740.00
2,468,425.03
3,477,443. 10
7,500.00
2,342,142.95

Total--------------------------------------

14,758,827.88

$244,400.00
$138,450.00
101,800.00
2,030,235.29
1,000.00 l-----------------145,900.00
1,996,350.00
106,249.88
768, 191.63
28,450.00
242,290.00
25,980.00
2,442,445.03
304,826.12
3,172,616.98
117,500.00
130,000.00
161,123.19
2,181,019.76
1,657,229. 19

13, 101,598.69

REPORT OF

RECONSTRUCTION

FINANCE

45

CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1982, to Dec. 31, 1935, inclusive, by States–Continued
PR OCE SS ORS O R DISTRIBUTORS W H O

A R E SUBJECT TO

A mo u nt with

Amoºthor

State

PROCESSING T A XE S

Anºis.

d r a w n or can-

celed .

Connecticut-------------------------------------Kentucky---------------------------------------Montana----------------------------------------N e w Jersey-------------------------------------Ohio--------------------------------------------Pennsylvania------------------------------------

$567.68
3,428.00 -----------------3,428.00
487. 90
$487.90 l-----------------3,300.00
3,300.00 l-----------------7,400.00
7,400.00 l-----------------3,905.69 -----------------3,905.69
7,000.00
183.31
6,816.69
-

ennessee----------------------------------------

Total-------------------------------------STATE F UND S C R E A T E D

-

26,089.27

F O R T H E PU R P O S E O F INS
PO SIT S O F P U B L I C M O N E Y

Wisconsin (total)--------------------------------

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

11,371.21

gºing

$10,787,715.88

14,718.06

R E P A Y M E N T OF D E

$23,084.70

$10,764,631.18

B O R R O W E R S E N G A G E D IN T H E F I S HI N G I N D U S T R Y
Florida-----------------------------------------Georgia-----------------------------------------Massachusetts-----------------------------------

$53,900.00
61, 500.00

$23,300.00
35,000.00

$9,000.00
4,250.00
21,000.00
476, 119.77
,000.00
42, 500.00

-vrviv-

T ek on -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -

-

South Carolina----------------------------------Virginia-----------------------------------------Total--------------------------------------

TOTAL, SEC. 5c O F T H E

708,900.00

58,300.00

RECONSTRUCTION_FINANCE

574,869.77

CORPORATION

ACT, AS

A M E N D E D

[Subscriptions for nonassessable stock of mortgage loan companies]
District of Columbia-----------------------------

$10,000,000.

%

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

$10,000,000.00

Illinois

12,000,000.00 -----------------T O T A L , SEC. 5d O F

THE

RE CO NS TR UC TI ON FINAN CE
A ME ND ED

Kentucky---------------------------------------Tanuisiana

Maine

N e w Hampshire
N e w Jersey-------------------------------------N e w Mexico.------------------------------------N e w York-------North Carolina-----------------------------------

CORPORATION

10,000,000.00
ACT,

AS

$709,783.34
$134,250.00
$230,700.00
65,000.00 l-----------------65,000.00
4,824,900.00
194, 500.00
816,940.20
1,685,500.00
• 585,500.00
919,998.91
335,000.00
125,000.00
139,466.20
949,000.00
249,472.66
511,000.00
12,500.00
12,500.00 l-----------------114,500.00
1,000.00
75, 500.00
823,375.00
83, 152.00
524,164. 53
3,214,566.66
1,474,766.66
1,283, 152.90
386,900.00
8,500.00
361,250.00
3,777,500.00
1,071,000.00
629,051. 55
1,612,900.00
216,000.00
745,610.86
1,123,000.00
266, 500.00
- 352,500.00
742,550.00
103,500.00
496,800.00
1,382,000.00
519,000.00
360,833.33
200,800.00
58,000.00
72,800.00
131,650.00
50,200.00
30,000.00
1,815,250.00
356,250.00
1,235,619.00
5,294,950.00
1,195,094.00
1,344,227.74
4,899, 500.00
176,154.68
2,799,166.63
875,060.00
290,810.00
188,750.00
575, 180.00
373, 180.00
176,575.00
2,888,650.00
378,455.56
1,706, 694. 44
171,250.00
2,000.00
101,750.00
411,700.00
222,350.00
189,350.00
74,121.93
3,124. 14
70,997.79
80,000.00
80,000.00 l-----------------10,653,850.00
970,050.00
5,174,639.17
220,000.00
85,000.00
106,427.50
15,377,410.11
4,599,949.28
6,278,996.04
755,500.00
796, 500.00
1,515,208.24

46

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 6.--Amount of authorizations, withdrawals or cancelations, and disbºrsº
mentsfrom Feb. 2, 1932, to Dec. 31, 1935, inclusive, by States—Continued
TOTAL, SEC. 5d OF T H E

RECONSTRUCTION

F I N A N C E C O R P O R A T I O N ACT, As

AMENDED–Continued

State

A m o u n t authorized

North Dakota.-----------------------------------to--------------------------------Oklahoma-----------------------------Oregon----

-

-

-

-

-

-

-

-

-

Pennsylvania-------------------------Rhode Island--------------------------South Carolina----------------------------South Dakota---------------------------en n es se e- -- --

Texas

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Utah--Vermont
Virginia-----------------------------------Washington:---------------------------------

-

West Virginia--------------------------------

-

-

Wisconsin----Hawaii------------------------------------Puerto Rico.--------------------------------------

-

-

-

-

-

-

-

-

Total--------------------------------------

-

$557,600.00
6,623,333.33
176,500.00

#

.
celed

A m o u n t di s

bursed

$6,000.00
1,509,137.50
73,000.00
442,250.00
2,141,000.00
210,000.00
112,000.00
43,050.00

$21,000.00
2,985,608:25

22,090,624.83

42,420,015.83

100.000.00

2,787, 500.00
954. 467-88
11,243,484.00
2,502,339.01
2, 173,000.00
1,861,965. 52
780,300.00
424,833. 60
57,750.00
14,700.00
2,616,300.00
583,702.86
1,499, 597. 14
860,725.00
352,847. 49
330, 124.33
141,067.48
1,500.00
111,653.70
202,000.00
48,690.50
128,309.50
1,240,600.00
131,350.00
515,300.00
3,198, 100.00
609, 150.00
1,624,984.37
996,700.00
462,000.00
850.00
1,797, 800.00
681, 187.50
406,612.50
,000.00 -----------------------------------139,500.00
2,000.00
68,500.00
103,976, 106.85

*

-

L O AN S T O INDUSTRIAL O R C O M M E R C I A L BUSINESS
Alabama----------------------------------------Arizona-----------------------------------Arkansas----------------------------------California----------------------------------

Colorado----------------------------------Connecticut-------------------------------Delaware----------------------------------District of Columbia----------------------Florida-------------------------------------

Georgia.-----------------------------------Idaho-----------------------------------Illinois
IndianaIowa---Kansas-------Kentucky-------------------------------Louisiana-------------------------------afne-----------------------------------Maryland-------------------------------Massachusetts--------------------------ichigan-------------------------------Minnesota------------------------------Mississippi------------------------------issouri---------------------------------

Montana--------------------------------Nebraska-------------------------------Nevada---------------------------------N e w Hampshire------------------------N e w Jersey-----------------------------N e w Mexico.----------------------------N e w York------------------------------Sarolina---------------------------

North Dakota.----------------------------

Ohio----------------------------------Oklahoma-----------------------------Oregon--------------------------------Pennsylvania-------------------------Rhode IslandSouth Carolina
South DakotaTennessee-----------------------------Texas---------------------------------Utah--------------------------------Vermont------------------------------Virginia--------------------------------

Washington.---------------------------

West Virginia--------------------------

Wisconsin-----------------------------P uerto Rico.--------------------------------------

Total--------------------------------------

$538,950.00
$59,750.00
$222,700.00
65,000.00 -----------------65,000.00
4,652,700.00
106,500.00
816,940.20
1,645,500.00
585,500.00
919,998.91
310,000.00
125,000.00
122,800.00
707,000.00
193,000.00
436,000.00
12,500.00
12,500.00 -----------------114,500.00
1,000.00
75,500.00
823,375.00
83, 152.00
524, 164. 53
2,362,950.00
1,020,000.00
992,802.90
386,900.00
8,500.00
361,250.00
3,719,500.00
1,055,000.00
629,051.55
1,588,500.00
198,000.00
739,210.86
1,111,000.00
254,500.00
352,500.00
515,050.00
60,500.00
312,300.00
835,500.00
519,000.00
92,500.00
72,800.00
196,300.00
53,500.00
131,650.00
50,200.00
30,000.00
1,315,250.00
356,250.00
735,619.00
4,796,350.00
1,088,494.00
1,278, 127:74
4,632,000.00
108,654.68
2,719, 166.53
533,600.00
193,000.00
37,100.00
575, 180.00
373, 180.00
176,575.00
2,513,450.00
369,855.56
1,653,894.44
81,000.00
2,000.00
56,500.00
317,950.00
128,600.00
189,350.00
74,121.93
3,124, 14
70,997.79
60,000.00
60,000.00 -----------------9,944,950.00
763,200.00
4,853,889.17
120,000.00
85,000.00
25,000.00
13,638,710. 11
4, 120,949.28
6,088,927.42
2,077,500.00
537,500.00
1,333,208.24
557,000.00
6,000.00
21,000.00
5,814,900.00
1,435, 137.50
2,885.608.25
176,500.00
73,000.00
100,000.00
2,577,250.00
368,000.00
861,467.88
9,457,534.00
1,895,500.00
2,262,689.01
2,069,000.00
206,000.00
1,793,000.00
780,300.00
112,000.00
424,833.60
22,750.00
8,050.00
14,700.00
1,737,000.00
452,902.86
974,097. 14
848, 100.00
350,222.49
330, 124.33
141,067.48
1,500.00
111,653. Tº
202,000.00
48,690. 50
128,309.50
1,121,500.00
76,000.00
515,300.00
2,819,500.00
437,500.00
1,546,234.37
749,500.00
305,000.00
317, 100.00
1,492,800.00
590,000.00
192,800.00
139,500.00
2,000.00
68,500.0)
91, 103,138.52

18,942,913.01

38,531,292.15

REPORT

OF

RECONSTRUCTION

FINAN CE CORPORATION

47

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1982, to Dec. 31, 1935, inclusive, by States—Continued
P U R C H A S E S O F P A R T I C I P A T I O N S IN L O A N S T O
BUSINESS

Amo unt
authorized

State

e nn es se e-- -- -- --

Virginia-------Washington---West Virginia.-Wisconsin--------------------------------------

-

-

Total.--------------------------------------

Pº

Am oun t with

dº...i

can-

COMMERCIAL

A mou
nt dis
bursed

$115,833.34
$34,500.00
$8,000.00
47,200.00
000.00 -----------------25,000.00 -----------------16,666.20
200,000.00
40,000.00
75,000.
493,350.00
106, 100.00
280,750.00
37,000.00
7,000.00 -----------------16,400.00
10,000.00
6,400.00
12,000.00
12,000.00 -----------------219,500.00
35,000.00
184,500.00
333.33
285,000.00 !-----------------4,500.00
4,500.00 -----------------500,000.00 -----------------500,000.00
414,800.00
60,800.00
66, 100.00
200,000.00 -----------------80,000.00
218,760.00
17, 110.
151,650.00
80,800.00
8,000.00
52,800.00
90,250.00 -----------------45,250.00
93,750.00
93,750.00 ||-----------------000.00 l-----------------20,000.00
705,400.00
203,350.00
320,750.00
100,000.00 -----------------81,427.50
860,500.00
347,500.00
190,068.62
453,000.00
79,000.00
182,000.00
511,600.00
49,000.00
100,000.00
172,000.00
36,000.00
93,000.00
1,597,750.00
205,500.00
239,650.00
104,000.0 (
4,000.00
68,965. 52
35,000.00
35,000.00 -----------------656,300.00
130,800.00
525,500.00
25,600.00
25,600.00 !-----------------186, 100.00
38,350.00
78,750.00
205,000.00
152,000.00
49,750.00
273,000.00
79,187.50
193,812.50

N e w Hampshire.----------------------N e w Jersey-----------------N e w Mexico.----------------N e w York------------------North Carolina-------------Ohio------------------------Oregon------------------Pennsylvania-------Rhode Island-----South Dakota----

A G RE E ME N TS TO PURCHASE

INDUSTRIAL O R

º

8,959,393.34

1,874,047.50

.

3,859, 123.67

IN L O A N S T O I N D U S T R I A L O R C O M
RCIAL BUSINESS
$55,000.00
125,000.00

;

i
#

s:

:

i#

3,913,574.99

ii

:

;

25,

; §:
3.
13

;:

48

REPORT OF REC ONSTRUCTION FINA NCE CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to Dec. 31, 1935, inclusive, by States—Continued
AUTHORIZATIONS O N T H E

ASSETS OF C L O SE D

U N D E R SEC. 5e OF T H E R E C O N S T R U C T I O N

AME NDED

BANKS A N D

A mou nt
izeauthor-

State

TRUST

COMPANIES

F IN A N C E C O R P O R A T I O N ACT, A S

A mo un t with

draw:.

can-

Amobursed
unt dis

e

California---------------------------------------Colorado---------------inois-----------------Indiana-----------------

-

-

Iowa--------------

Michigan------Minnesota-----Missouri---------N e w York---------North Carolina----North Dakota.-Oklahoma-...---

Pennsylvania--S o u t h Dakota--Texas-------------

-

-

-

-

-

-

-

-

-

-

-

Wisconsin---------------------------------------Total-------------------------------------TOTAL, E M E R G E N C Y RELIEF A N D

$20,025.08
$302.38
10,050.20
2,812.00
680,585.03
74, 184.90
26,600.00
4,100.00
94,579.82
11,558.07
10,484,914. 07
58,064. 59
99,578.
45,615.96
14,500.00 -----------------16,922.72
2,691. 22
15,005.00 -----------------473,320.53
34,231.33
8,800.00
427. 51
18,000.00
2,955.50
63,037.92
398.
194,053.11
84, 991. 18
101,721.08
86, 146.93

$19,722-70
7,238. 20
600,815. 10
22,500.00
53,876.75
10,426,849.48
53,962. 92
14,500.00
14,231.50
15,005.00
401,009.90
8,372.49
15,044.50
39, 139.85
89,061.93
15,574.15

12,321,693.44

11,796,904.48

408,479.64

C O N S T R U C T I O N A C T O F 1932, A S A M E N D E D
$4,286, 188.00

$4,585,688.00
2,861,769.00
7,017,386.42
215,100,581.00

:
:

4,

#
º ;;
700. :

i:

i
i#

#

502,

22,

ii
i

2,

# §
78.
;
*;#754,
t

|

4,870,579.81
3,782,915.00
35,563,375.00

,677,

º

;

;

ii.i
,724, 70.

I

:

§; #:

1

REPORT

OF

RECONSTRUCTION

49

FI NA NC E CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
mentsfrom Feb. 3, 1932, to Dec. 31, 1935, inclusive, by States–Continued

ºction

TO TAL, E M E R G E N C Y RELIEF A N D

A C T O F 1932, A S A M E N D E D –

on t in u e

A mou nt author-

State

-

Wyoming---------------------------------------Hawaii------------------------------------------Puerto Rico.-------------------------------------Total.--------------------------------------

Am ou nt with

Yºjan.

A mou nt dis
bursed

$125,000.00 ------------------|-----------------394,935.00 -----------------$394,935.00
1,660,000.00 -----------------00
- w w w .

678,093,346.70

$88,587,422.94

507,748,940.70

For financing exports of agriculture sur
u se s *- -- --- -- -- --- -- -- --- -- -- -- --- -- -- --53,370,955. 22
T o Commodity Credit Corporation ?-------- 1,041,000,000.00

33, 146,368. 56
236,016, 184.52

20,224, 586.66
555,631,707.92

Grand total.-------------------------------- 1,772,464,301.92

357,749,976.02

1,083,605, 235.28

an s:

SELF-LIQUIDATING PROJECTS, SEC. 201 (a), TITLE II (INCLUDING

LO ANS

FOR

F I N A N C I N G R E P A I R O F B U I L D I N G S D A M A G E D B Y E A R T H Q U A K E , FIRE, T O R N A D O ,
O R C Y C L O N E I N 1933)

N e w Jersey-------------------------------------N e w Mexico.------------------------------------N e w York---------------------------------------

North Carolina---------------------------------Ohio--------------------------------------------Oklahoma--------------------------------------Oregon-------------------------------------------

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tennessee---------------------------------------Texas--------------------------------------------

Utah--------------------------------------------Virginia-----------------------------------------Washington-------------------------------------We st Virginia-----------------------------------Wisconsin---------------------------------------Wyoming---------------------------------------Puerto Rico.-------------------------------------Total.--------------------------------------

FINANCING OF A GR IC UL TU RA L

$224,000.00
$149,500.00
$74,500.00
1,413,500.00
13,500.00
1,400,000.00
1,458,419.42
500,000.00
943,419.42
200,655,700.00
4,596,639.00
127,508,839.74
2,002,233.79
572,430.00
1,429,803.79
100,000.00
100,000.00 l-----------------1,644,930.78
930,000.00
714,930.78
41,000.00
19,000.00
22,000.00
60,000.00 -----------------,000.
7,830,723.00
3,176,250.00
3,074,473.00
833,000.00
773,000.00
60,000.00
9,700.00
9,700.00 -----------------1,820,000.00 -----------------909,472.68
1,519,624.00
511,624.00
948,000.00
16,263,000.00
1,243,200.00
14,430,022.80
1,650,000.00 -----------------,172.96
59,850.00 -----------------59,850.00
718,841.47
75,000.00
643,841.47
575,000.00
575,000.00 -----------------325,000.00
50,000.00
275,000.00
996, 140.00
700,000.00
42,000.00
207,000.
27,000.00
180,000.00
75,000.00
60,000.00
15,000.00
250,000.00 -----------------250,000.00
3,361,904.37
53,904.37
3,223,000.00
5,694,600.00
172,500.00
5,385,600.00
27,218,000.00
4,372,000.00
21,678,000.00
1,120,473.20
592,473.20
520,000.00
628,800.00
175,300.00
453,500.00
299,982.81 -----------------299,982.81
734,625.00
10,000.00
724,625.00
315,000.00
215,000.00
100,000.00
230,500.00
81,000.00
149,500.00
105,000.00
100,000.00
4,273,662.85
737,300.00
2,110,225.80
3,026,318.37
3,000.00
40,000.00
125,000.00
1,300,000.00
-

292, 157,054.86

cºgnities A N D
$150,000.00
725,000.00
4,363,250.00
500,000.00
100,000.00

*These loans are not included in the State totalsshown above.
55628–36–4

24,801,295.68

191,347,266.36

L I V E S T O C K , SEC, 201 (d),

$150,000.00
603, 219. 30
1,877,711.78
374,950.00
99, 100.00

50

REPORT

OF RECONSTR UCTION

FINANCE

CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
mentsfrom Feb. 2, 1982, to Dec. 31, 1935, inclusive, by States—Continued
FI N AN CI NG OF A G R I C U L L T R A L C O M M O D I T I E S A N D LIVESTOCK, SEC. 201 (d),
T I T L E II—Continued

Florida------------------------------------------Georgia----------------------------------------Illinois------------------------------------------Indiana-----------------------------------------Kentucky---------------------------------------Louisiana---------------------------------------Maine-------------------------------------------

-

-

-

-

-

-

-

-

-

A mou nt with
drawn or canceled

Amoºthor

State

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Michigan
MississippiMissouri---

Montana--N e w Jersey-N e w York
North Carolina-N o r t h Dakota.---io-----------

Oregon
Pennsylvania
Tennessee---------------------------Texas-------------------------------Virginia-----Washington
West Virginia
Wisconsin----------------------------------------

Total.--------------------------------------

A m o u n t dis
bursed

$393,377. 32 ||-----------------$393,377.32
15,000.00 -----------------15,000.00
10,500.00
$2,000.00
8,500.00
757, 111.54
460,211.94
296,899.60
7,488,453. 89
3,050, 539.39
2,332,233.18
42.750.00
50,495,000.00
50,452,250.00
35,000.00
35,000.00 || ----------------375,000.00
200,000.00
175,000.00
350,000.00
138,603.71
211,396.29
480,000.00
376,081.50
53,918.50
60,750.00
60. 750.00 -----------------104,000.00
8,000.00
96,000.00
2,500.00
615.00
1,885.00
225,000.00
4,300.00
220,700.00
1,700,269.65
1,099,344.17
600,925. 48
85,000.00
17,277.08
67,722.92
6,000.00
1,080.00
4,920.00
885,000.00
400,217.72
484,782. 28
250,000.00
95,820.71
154, 179.29
318,500.00
28,062.24
290,437.76
13,470, 185.00
3,979, 767. 92
7,080,359. 16
219, 551.00
20,000.00
199,551.00
540,000.00
20,000.00
20,000.00
85,530.00
28,224.80
57.305.20
175,000.00
175,000.00 -----------------1,571, 313.44
28,000.00
1,475,553. 44
85,936,291.84

63,786, 127.26

16,416,675. 34

To Commodity Credit Corporation 2--------- 1,041,000,000.00

236,016, 184.52

555,631,707.92

Grand total.-------------------------------- 1,126,936,291.84

299,S02,311.78

572,048,383.26

ans:

AMOUNTS MA DE

AV AI LA BLE F O R RELIEF A N D W O R K

Alabama----------------------------------------Arizona-Arkansas
California

$4, 2 1.1,

$4,211,688.00
1,448,269.00
4,833,967.00
10,081,631.00
3,832,990.00
1 745,69

R E L I E F , SEC. 1, T I T L E 1

;:

#

631.

i#
,745,

- 2

º:3.7
;:

iH

al.;200,
i
581

#

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N e w Jersey. -N e w Mexico.--

-

§

9

H

19,

#;;§

59

South Dakota
Tennessee--Texas--------------------------------------------

i:

;

7.5,
803 945 00
3,375, 352.

7,952,292.00

-These loans are not included in the State totals shown above

-

|ii

REPORT

OF

RECONSTRUCTION

FINANCE

51

CORPORATION

TABLE 6.-Amount of authorizations, withdrawals' or cancelations, and disburse
mentsfrom Feb. 2, 1932, to Dec. 31, 1935, inclusive, by States—Continued
A M O U N T S M A D E A V A I L A B L E F O R R E L I E F A N D W O R K R E L I E F , SEC. 1, T I T L E 1–Con.

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Bank of Washington,
ashington, D. C.

52

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

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

ments from Feb. 2, 1932, to Dec. 31, 1935, inclusive, by States–Continued
LOA NS O N P R E F E R R E D S TO C K OF B AN K S A N D TR US T COM PA NI ES

State

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maryland---------------------------------------Massachusetts----------------------------------Michigan---------------------------------------Minnesota--------------------------------------Mississippi--------------------------------------Missouri----------------------------------------Montana----------------------------------------Nebraska---------------------------------------N e w Jersey-------------------------------------N e w York---------------------------------------

North Carolina---------------------------------N o r t h Dakota-----------------------------------Ohio--------------------------------------------Oklahoma---------------

A mo unt author-

Am oun t with
drawn or can-

A mou nt dis

ized

celed

urse

$3,095,600.00
50,000.00 584,500.00
3,550,750.00
309,800.00
235,200.00
25,000.00
100,000.00
12,500.00
50,000.00
28,000.00
573,000.00
30,630.00
506,000.00
437,500.00
1, 175,625.00
22,650.00
1,548,000.00 |
10,000.00
2,811,700.00
4,929,050.00
2,107,150.00
287,500.00
000.
,400

Pennsylvania----------South Dakota-

$22,025.00
-

$3,073,575.00
50,000.00
584,500.00
3,011,000.00
149,800.00
229,000.00
25,000.00
100,000.00
12,500.00
50,000.00
25,000.00
525,500.00
30,630.00
506,000.00
432,200.00
1,174,025.00
22,650.00

1,548,000.00 -----------------10,000.00
2,563,000.00
3, 171,950.00
1,855,200.00
275,000.00
20,000.00
2,400.00
526,500.00
343,450.00
6, 100.00

1,100,000.00
151,250.00
15,000.00
500,000.00
200,000.00
83,000.00
115,000.00
26, 179,455.00

20,939,230.00

SUBSCRIPTIONS F O R P R E F E R R E D S T O C K OF B A N K S A N D T R U S T C O M P A N I E S
Alabama----------------------------------------- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Illinois-----------------Indiana-----------------

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

NebraskaNevada----------------N e w Hamsphire.-------N e w Jersey------------N e w Mexi
N e w York-North Caroli
North Dakota-----------------------------------io--------------------------------------------Oklahoma---------------------------------------Oregon------------------------------------------Pennsylvania------------------------------------

$11,462,600.00
$257,600.00
1,565,000.00
25,000.00
4,766,00.00
946,500.00
49,822,320.00
9,330,895.00
5,030,000.00
131,500.00
8,300,000.00
1,257,674.00
165,000.00
27,700.00
1 40,900,000.00
2,300,000.00
2,072,000.00
130,000.00
2,522,500.00
825,000.00
1,795,000.00
180,000.00
84,746,000.00
1,348,385.83
7,597,500.00
609,000.00
12,525,500.00
2,322,500.00
5,940,000.00
748,500.00
11, 170,000.00
2,285, 150.00
10,836,000.00
265,000.00
8,135,000.00
900,000.00
3,880,000.00
1,182,460.00
19,525,000.00
3,356,800.00
41,642,000.00
3,109,539.00
12,773,500.00
400,000.00
8,955,000.00
480,000.00
10,727,500.00
895,375.00
3,485,500.00
77,000.00
6,007,500.00
672,550.00
205,000.00 l-----------------1,363,000.00
611,365.00
75,306,250.00
6,671, 183.93
362, 500.00
1,067,500.00
135,304,000.00
7,257,594.17
7,870,000.00
681,500.00
2,430,500.00
40,000.00
36,829,364.00
1,583,427.00
10,500,000.00
67,
00
915,000.00
00
55,411,300.00
9,962,253.50
-

$11,205,000.00
1,540,000.
3,819,500.00
40,491,425.00
4,893, 500.00
7,042,326.00
137,300.00
113,600,000.00
1,817,000.00
1,697,500.00
1,590,000.00
83,247,614.17
6,988,500.00
10,163,000.00
5,151,500.00
8,874,850.00
10,171,000.00
7,160,000.00
2,682,540.00
15,668,200.00
38,482,461.00
12,373,500.00
8,205,000.00
9,832,125.00
3,398,500.00
5,334,950.00
205,000.00
751,635.00
65,845,066.07
690,000.00
127,546,405,83
7, 188,500.00
2,390,500.00
23,154,073.00
10,407,500.00
890,000.00
44,989,046.50

1Includes $35,000,000authorized and $10,000,000 disbursed to the Export-Import Bank of Washington,
and $2,500,000authorized and disbursed to the Second Export-Import Bank of Washington, D. C.

REPORT

OF

RECONSTRUCTION

FINANCE

53

CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to Dec. 31, 1985, inclusive, by States—Continued
SUBSCRIPTIONS F O R P R E F E R R E D S T O C K O F
Continued

BANKS

A mou nt author-

State

ze

Rhode Island-----------------------------------South Carolina----------------------------------South Dakota-----------------------------------Tennessee---------------------------------------Texas-------------------------------------------Utah--------------------------------------------Vermont-Virginia
Washington----------------------------West Virginia
Wisconsin-----------------------------

Wyoming------------------------------aska-----------------------------------erto Rico.-----------------------------

Virgin Islands
Total--------------------------------------

AND

TRUST

Am oun t with

drº

can-

COMPANIES

A m o u n t dis

bursed

$1,100,000.00
$201,500.00
$898,500.00
1,635,000.00
80,000.00
1,530,000.00
2,973,000.00
25,000.00
948,000.00
12,221,600.00
1,652, 500.00
10,534, 100.00
25,882,500.00
3,140,125.00
22,617,375.00
1,590,000.00
265,000.00
1,325,000.00
7,770,000.00 -----------------7,770,000.00
12,743,000.00
063,350.00
10,679,650.00
3,370,000.00
1,130,000.00
2,240,000.00
3,315,000.00
119,933.34
3,145,066.66
16,557,500.00
1,445,400.00
15,112,100.00
1,572, 500.00
320,000.00
1,247,500.00
37,500.00 l-----------------37,500.00
250,000.00
250,000.00 -----------------251,000.00
126,000.00
125,000.00
794, 816,934.00
72,145,260.77
679,834.809. 23

PUR CHASE S OF CAPITAL NO TE S O R D E B E N T U R E S OF B AN KS A N D T RU ST
COMPANIES
ArizonaCaliforniaDelaware----------District of Columbia
GeorgiaIllinois--

-

-

-

Total-------------------------------------T O T A L , SEC. 36, T I T L E II, O F T H E
As

$840,000.00
5,000,000.00
2,515,000.00
1,800,000.00
3,350,000.00
8,571,000.00
10,652,500.00
5,736,000 00
2,440,000.00
7,100,000.00
700,000.00
4,058,000.00
6,380,500.00
13,301, 500.00
592,000.00
25,000.00 ||
1,350,000.00
238,435,000.00
2,044,000.00
62,269,000.00
1,385,000.00
1,286,800.00
1,543,000.00
9,485,500.00
2,720,000.00
8,025,000.00
3,601,500.
3,336,000.00
21,229,500.00
1,250,000.00
431,021,800.00

EMERGEN
A M E N D E

gy

FARM

$840,000.00
5,000,000.00
430,000.00
1,800,000.00
3,113,000.00
6,871,000.00
9,398,500.00
5,101,000.00
1,440,000.00
6,350,000.00
700,000.00
3,753,500.00
5,820,500.00
10,780,000.00
582,000.00
10,000.00 -----------600,000.00
171,800,000.00
1,594,000.00
56,821, 500.00
1,060,000.00
1,216,800.00
1,484,000.00
7,712,500.00
2,670,000.00
8,025,000.00
3,299,500.00
2,816,000.00
17,870, 500.00
1,250,000.00
31,723,500.00
340, 199,300.00
-

MORTGAGE

-

A C T O F 1933,

[Drainage, levee, irrigation, and similar districts, etc.]
$13,455,644.36

$1,431,408.80
4,826, 103.97
16,974,889. 57
1,344,087.26
1, 102,307.21
384,4
,576
000.
000.

Kentucky
Louisiana

ii

,800.

s#
i
#

500.
500.

,06

500

2,317,429.99
3,032,456.26
871,387.91
1,376,997.09

38,

280

;

150, 100.00

54

REPORT

OF

RECONSTRUCTION

FINANCE CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to Dec. 31, 1935, inclusive, by States—Continued
T O T A L , SE C. 36, T I T L E II, O F T H E E M E R G E N C Y F A R M
A S A M EN D – C o n ti n u e d

Amount author

State

MORTGAGE

A C T O F 1933,

Am oun t with
d r a w n or can-

Am oun t dis
u

celed

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

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

Virginia-----------------------------------------Washington-------------------------------------Wisconsin---------------------------------------Wyoming---------------------------------------Total--------------------------------------

$110,300.00 ------------------,
13,297,734.52
$5,500.00
637,000.00 -----------------136,200.00 -----------------1,383,995.70
189,800.00
22,000.00
43,900.00
121, 153,518.84
4,063,254.15

$14,999.49
9,894,302.5i
187, 88.1.21
13t, tax). tº
554. 022.38

50, 103,730. Sl

T O T A L , A C T A P P R O V E D J U N E 10, 1933, A S A M E N D E D
$100,000.00
22,350,000.00
4,125,000.00
100,000.00
150,000.00
3,500,000.00 50,000.00

$100,000.00
22,350.000.00
4, 125,000.00
100.000 tº

30,375,000.00

30,375.000. Cº

150. º . ºxº

3,500,000.00
50.000.00

P R E F E R R E D ST OC K OF INSURANCE CO MPA NIE S
$22,350,000.00
4,125,000.00
100,000.00 150,000.00
3,500,000.00
50,000.00

$22,350.000.00
4, 125,000.00
itha, ºuth.ºxy

150,000.00
3.500,000.00
50.000.00

30,275,000.00 ------------------

30, 275,000.00

SUBSCRIPTION F O R P R E F E R R E D S T O C K OF A N IN S U R A N C E C O M P A N Y
$100,000.00

Kansas (total)-----------------------------------T O T A L , A C T A P P R O V E D A P R . 13, 1934, A S A M E N D E D

|Loans forfinancingrepair ofproperty damaged by earthquake, or flood in 1933, 1934, 1935, and 1936]
$2,150,000.00

$1,252,830.00

2,300,000.00

1.261. 715 tº

$400,000.00
150,000.00 ------------------

8,885-ºx)

T O T A L , SEC. 14 O F T H E A C T A P P R O V E D J U N E 19, 1934, A S A M E N D E D

[Loans to borrowers engaged in the mining, milling, or smelting ofores!

T O T A L , SEC. 16 O F T H E A C T A P P R O V E D J U N E 19, 1934, A S A M E N D E D

[Loan toapublic-schoolauthorityforthepurpose ofpayment ofteachers'salariesdue priorto June 1,1934.
Illinois (total)------------------------------------

$22,500,000.00

$200,000.00

$22,300,000.9)

REPORT

OF

RECONSTRUCTION

FINANCE

55

CORPORATION

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstandingfrom Feb. 2, 1932, to Dec. 31, 1935, inclusive, by months and classes
G R A N D

M on th

A.mount author
ized 1

$91,601,057.00

T O T A L

A m o u n t d is

bursed

Annount o u t

Am oun t repaid

standing at
end of period

845

388,254, 246.63
170,934,728.59
189,068, 106.31
138,480,782.93
162.373,944.36
96, 598,980.32
128,510,058.65

$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

1,936,376,672.57

1,524,747,138.82

299,948,453.38

142,844, 447.43
283, 171,473.85
217,732,207.45
162,528,081.98
141,981,250.47
154,047,880.32
201,024,785.36
57,792,381. 18
44,791,443.05
517,388, 597.97
347, 786, 121.56
2477,257,489.05

117,995,293. 92
199,499,330.83
179,533,134.72
117,500,398.87
195,805,854.81
123,677, 183.75
115,339,396.98
83, 128,537.43
39,271, 516.79
48,646,412.75
186,473,215.08
369, 537,593.42

32,452,828.29
35,971,603.16
55,813,566.83
40,213,995.05
46,800,209.06
94,656,029.32
112,949,299.42
73,520,461.92
61,734,251.55
69,684,660.98
51,202,045.08
67,574, 183.47

842, 437,087.94
1,821,398, 839.71
1,956,670,009.71
2,258,633,419.66

22,748,346,159.67

1,776,407,869.35

742, 573,135.13

2,258,633,419.66

409, 287,061.50
133,276,542.29
198, 117,803.13
103,106,048.62
2107,731,938.78
s263, 197,440.33
274,633,755.48
188,710,406. 22
292,242,020.25
*193,611,646.75
*56,333,573.77
*120,660, 150.99

343,781,651. 19
138,223,573.21
174,702, 514.43
137,503,338.54
100,482,025.14
205, 212,503.38
3.278,190, 303.16
115,003,449.22
54,364,910.22
60,087, 192.35
87,827, 838.51
132,546,720.68

86, 163,948.38
82,739,872.01

2,516,251, 122.47
2,571, 734,823.67

136,883,990.63
71,019,841.07
279, 142,232.20
73,407,675.50
114,654.725, 17

22, 140,908,388. 11

1sº,026,020.0%

21,404,437,682. 07

34,503, 937.25
21,194,318.77
39,080,021.77

49,275,454.45
54,737, 368.83
39,625,005. 23

;#
§

i
232,

:

§
º: 1
;; #1f

d

3,868,878.74
7
4

864,

2,682, 121,757.62

73,431,516.58
2,657,965,695.49
260,582,383.40
2,652,120,680. 92
54,747,687.70 || 2,636,997,998.45

94,778,277.79

143,637,828.51

188,761,587.68

a60,287,255.59
a46,034,219.59
*144,207,112.18

56, 104,278.17
61,729,009.88
137,909, 310.28

47,991, 834.97
2,645, 110,441.65
*46,990,667.07 || 2,659,848,784.46
*53,855,640.23
2,743,902,454.51

2250, 528,587.36

255,742, 598.33

244, 213, 145.58
*146, 174,759.76

124, 588, 307.71
51,347,752.32
42,029,803.99

*218,832, 168. 16

217,965,864.02

a 135,316,640.90

2,826, 551,677. 63

39, 139,405.62
127,695,533.80
45,018, 506.91

28,436,221.25
17,986,245. 16
43,792, 967. 11

47,010,626.76
34, 176,235.23
*99,441, 175.93

2,807,977,272. 12
2,791,787,282.05
2,736, 139,073.23

211,853,446.33

90,215,433.52

180,628,037.92

2,736, 139,073.23

•28,444,262.8%

2148,838, 142.27

2,636,997,998.45

2,743,902,454.51

*60,097,571.99 || 2,808,393, 190.23
240,278,281.99
2,819, 462, 660.56
a34,940,786.92
2,826, 551, 677. 63

7,601, 623,699.99 || 5,836,642,752.58 |*3, 100,503,679.35 | 2,736, 139,073.23
1These figures have been adjusted on account of rescissions.
* Revised
3.

includes$193,618,000, representing refinancing ofloans previously made by the corporation toFederal

and banks for different individual amounts, but in the same aggregate amount.
* Exclusive of repayments unallocated, pending advices, as of Dec. 31, 1935.

56

REPORT

OF RECONST RUCTION

F I NA NC E CORPORATION

TABLE 7-Amount of authorization, disbursements, repayments, and amounts
outstandingfrom Feb. 2,1982, to Dec. 31,1935, inclusive, by months and classes—
Continued
T O T A L , SEC. 5, R E C O N S T R U C T I O N

M o nt h

FINANCE

A mo un t authorized 1

CORPORATION

Am oun t dis

ACT, A S A M E N D E D

A mo un t repaid

u rse

Amount o ut

standing at
end of period

1932

February.

$91,601,057.00
142,333,075.06
228,771,667.33
199,450,025.39
388,254, 246.63
167,934,728.59
125,136,437.31
65,352,280.71
59,371,561.73
73,659,796.72
81,467,467.97

$70,868,417. 52
121,477,890.49
155,543,323.23
158,983, 559.12
298,276,816.59
171, 149,931.86
142,233,029.71
61,909,014. 16
120,353,360. 16
39,367,417.87
87,440,361.93

$18,845.00
8,873,883.30
7,009,080.50
16,440,727.23
48,684,900. 92
34,615, 181.07
35,232,968.30
44,903, 158.06
47,563,281.73
27, 177,436.04
29,313,534.28

$70,849,572.52
183,453,579.71
331,987,822.44
474,530,654.33
724, 122,570.00
860,657,320.79
967,657,382.20
984,663,238.30
1,057,453,316.73
1,069,643,298.56
1,127,770,126.2

1,623,332,344.44

1,427,603, 122.64

299,832,996.43

1, 127,770, 126.21

84,182, 129.23
209,735,830.65
155,329,303.10
100,727, 111.30
111,284,726.83
120,001,798.7
133,113,288.14
50,602,085.60
38,383,943.05
234,808,928.52
133,733,431. 32
158,490,029.42
Total.-------------------- 1,530,392,605.92

75,183,421.58
159,688, 523.62
122,840,052.22
758,
135,626,841.22
99,193,850, 52
95,895,674.09
69,438,406.13
25,086,394.18
37, 194,685. 39
105,441,763.45
168,594, 158.96
1,156,942,666.34

32,308,547.15
35,910,843.56
55,687,000.79
40,103,725.68
46,258,651.69
94,303,490.41
112,777,799.45
72,785,680.60
61,116,379.75
69,504,739.84
50,016,520.06
63,733,126.65
734, 506, 505.63

1,170,645,000.64
1,
422,680.70
1,361,575,732.13
1,384,230,901.43
1,473,599,090.96
1,478,489,451. 07
1,461,607,325.71
1,458,260,051.24
1,422,230,065.67
1,389,920, 011. 22
1,445,345,254.61
1,550,206,286.92
1,550,206,286.92

94,423,266.10
119,658, 387.83
84,916,873.72
50,704,384.93
51,261,401.56
74,601,072.02
78,974,376. 38
17,583,575.76
80,250,219.70
67,322,629.87
50,594,695.21
,887,390.77
47,246,962.68
37, 556, 112.69
63,907,811.57
* 216,841,335. 39
42,730, 239. 15
56,331, 117.33
40,033,755.48 || 3220,497,277. 29 || 3315,413,979.06
108,236,047.63
42,804,762.57
81,611, 116.08
13,772,623. 10
19,769,795.78
33,983,939.27
54,077,617.59
29,873, 546.39
132, 197,172.10
29,970,823.77
58,388,677.59
447,847.24
61,814,365. 16
89,867,446.31
79,384,017.47

1,584,947,801.03
1,561,608, 130.57
1,498,941,486.63
1,465,648,791.07
1,439,297,092.19
1,425,696,214.01
1,330,779,512.24
1,291,973, 158.73
1,277,759,015.24
1,275,435,389.53
1,285,376,219.88
1,295,859,648.72

-

863,418, 188.08

780,585,918. 13 #1,034,932, 556.33

1,295,859, 648.72

12,800,099.01
12,654,708. 87
17,373,681. 30
42,918,489.18

17,418,681.94
14,877,791.77
11,448,399.06
43,744,872.77

61,868,910.95
*49,094,099.41
48,588,344.01
a159,551,354.37

1,251,409,419.71
1,217, 193, 112-07
1,180,053,167. 12
1,180,053, 167.12

46,755,770. 37
26,510,007.66
*23,565,245.68

23,042,158.55
37,987, 580.08
17,054, 165.21

a39,260,085.23
40,848,372.78
*43,813,047.91

1,163,835,240.44
1,160,974, 447.74
1,134,215,565.04

296, 831,023.71

78,083,903.84

a 123,921, 505.92

1,134,215, 565.04

24,331,000.00
11,018,098.47
27,466,889. 88
*42,815,988.35

7,394,725.62
11,236, 508.67
4,283,894.47
22,915, 128.76

*40,906, 525.32
*31,381,668.95
*25,504, 221.74
a 97,792,416.01

1,100,703,765.34
1,080, 558,605.06
1,059,338,277.79
1,059,338,277.79

18,539,482.55
15,410,442.56
8,211,325.15

3,978,386.38
2,235, 181.66
23,485,631.43

33,880,980.65
30,962,929.88
*53,905,762.08

1,029,435,683.52
1,000,707,935.30
970,287,804.65

42, 161,250.26

29,699,199.47

118,749,672.61

970,287,804.65

Grand total.------------- 4,241,869,889.94 || 3,539,574,811.95 42,569,287,007.30

970,287,804.65

Total, fourth quarter----

1These figures have been adjusted on account of rescissions.
* Revised.

* Includes $193,618,000 representing refinancing ofloans previously made by the Corporation to Federal
land banks for differentindividualamounts, but in thesame aggregateamount.
* Exclusive ofrepayments unallocated, pending advices, as of ec. 31, 1935.

REPORT

OF

T A BL E 7.-Amount

RECONSTRUCTION

FINANCE

57

CORPORATION

disbursements, repayments, and amounts
%eb.authorizations,
2, 1932, to Dec. 31, 1985, inclusive, by months and

outstanding from

classes—Continued
B A N K S A N D T R U S T C O M P A N I E S (INCLUDING RECEIVERS, LIQUIDATING AGENTS,
A N D CONSERVATORS)

[Under Sec. 5 ofthe Reconstruction Finance Corporation Act, as amended]
M on t h

A mou nt author-

Am oun t dis-

ized 1

urse

Amount out

A mo un t repaid

standing at
end of period
-

$44,625,300.00
108,751,135.06
152, 103,931.93
113,117,970.34
219,786,560.56
97,265,633.42
87,776,078. 12
29,951,680.23
21,802,702.58
23,249,644.02
51,006,363.83

$39,546,160.52
85,870,980.49
112,153,001.36
108,192,844.29
151,624,949.99
104,166,283.74
77,635,909.68
27,401,650.02
80,746,257.61
20,420,708.99
43, 102,313.33

$18,845.00
7,651,531.30
6,889,778.45
12,585,480.24
45,346,776.63
28,200,745.53
31,301,194.49
40,413, 591.02
40,317,817. 54
22,466,223.72
21,057,389.14

$39,527,315. 52
117,746,764.71
223,009,987.62
318,617,351.67
424,895, 525.03
861,063.24
547, 195,778.43
534,183,837.43
574,612, 277.50
572,566,762.77
594,611,686.96

949,437,000.09

850,861,060.02

256,249,373.06

594,611,686.96

A.
St.-----------------------September-------------------October----------------------November-------------------December---------------------

56,133,284.40
132,422,465.58
98,543,748.61
63,489,340.88
55,456,202.42
38,949,096.07
100,595,536.74
33,461,223.34
21,620,010.53
103,270,900.08
38,260,466.80
107,969,632.44

43,125,290.40
78, 112,411.70
62,900,655.93
23,914,051.40
87,947,700.34
12,034,738.64
66,053,436.74
52,493,748.50
15,610,326.79
15,030,459.24
,296,831.40
71,174,894.58

26,006,824.40
20,684,701.71
40,733,012.09
28,431,486.93
37,888,316.40
75,139,370.23
67,871, 161.50
35,298,974.45
27, 515,419, 22
30,763,169.21
25,417,090.99
46, 126,511.29

611,730, 152.96
669,157,862.95
691,325,506.79
686,808,071.26
736,867,455.20
673,762,823.61
71,945,098.85
689,139,872.90
677,234,780.47
661,502,070.50
686,381,810.91
711,430,194.20

Total--------------------

850, 171,907.89

578,694, 545.66

461,876,038.42

711,430, 194.20

October---November-December---------------------

52,633,752.24
40,416, 599.06
49,786,538.07
46,575,287.64
32,245, 580.10
18,860,023.90
36,371,978.82
104,701,384.66
10,338,281.85
26,406,301.13
20,800, 878.27
22,526,448.53

52,170, 810.41
38,806,076.75
12,679,248.46
19,698,861.31
28,441,484.52
25,213,830.72
19,854, 267.78
38,931,809. 19
15,767,592. 57
17,781,752.47
47,996,501.16
65,818,878.88

62,846,850.20
48,970,789.33
51,960,680.63
50,408,898.02
42,850, 134.36
41,116,858.67
31,973,085. 12
25,421,255.95
23,291, 157.75
* 22,005,093.86
32,743,423.78
34,498,760.08

700,754,154.41
690, 589,441.83
651,308,009.66
620, 597,972.95
606, 189,323.11
590,286,295. 16
578,167,477.82
591,678,031.06
584,154,465.88
579,931, 124.49
595,184,201.87
626,504,320.67

Total--------------------

461,663,054. 27

383, 161,114.22 | 1.468,086,987.75

626,504,320.67

Total-------------------1933

January----------------------February---------------------March-----------------------April-------------------------- - - - - - - - - - - - - - - - - - - - - - - - -

June--------------------------

July---------------------------

1934

JanuaryFebruar
March-------------------------

#:

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

ay---

JuneJuly---August------------------------

September--------------------

9,651,799.01
9,752,611.90
15,796,795.73

11,987,985.80
9,670,568.45
9, 104,891.25

46,745,469.89
*36,821,901. 20
38,223,364.25

35,201, 206.64

30,763,445.50

a121,790,735.34

535,477,030.83

10,705,395.15
21, 116,743.53
13,911,648.65

14,632,530.99
9,860,357. 54
11,045,814.38

230,788,650.99
30,205,719.93
* 32,116, 135.85

519,320,910.83
498,975,548.44
477,905, 226.97

45,733,787.33

35,538,702.91

a93, 110,506.77

477,905, 226.97

10,021,000.00
7,045, 104.82
7,445,453.04

5,146,095.75
9,592,499.42
2,024,621.30

28,808, 681.08
*23, 525,593.09
* 16,416, 575.31

454,242,641.64
440,309,547.97
425,917,593.96

24,511,557.86

16,763,216.47

*68,750,849.48

425,917,593.96

6,234, 100.39
13,488,705.50
7,683,609.86
27,406,415.75

2,884,590.79
320, 301.89
20,291,243.60
23,496, 136.28

19,405,399.26
25,351,673. 13
“23,450,763.83
*68,207,836.22

409,396,785.49
384,365,414.25
381,205.894.02
381,205,894.02

Grand total.------------- 2,394, 124,929.83 | 1,919, 278,221.06 |*1,538,072,327.04

381,205,894.02

Total, fourth quarter----

1 These figures have been adjusted on account of rescissions.
* Revised.

*Exclusiveofrepayments unallocated, pendingadvices asofDec. 31,1935.

591,746,836.58
564, 595, 503.83
535,477,030.83

58

REPORT

TABLE 7.-Amount

OF

RECONSTRUCTION

FINANCE

CORPORATION

%

outstanding from

authorizations, disbursements, repayments, and amounts
eb. 2, 1932, to Dec. 31, 1935, inclusive, by months and

classes—Continued
BUI LDIN G A N D L O A N ASSOCIATIONS (INCLUDING RECEIVERS)

[Under Sec. 5 ofthe Reconstruction Finance Corporation Act, as amended]
M on t h

Amoº!Futhor. A n º *

| Amountrepaid

A mo u nt o u t
standing at
end of period

1932

March------------------------April-------------------------Atay--------------------------June--------------------------July--------------------------August-----------------------SeptemberOctober--

$4,879,750.00
19,106,083.40
13,011,890.00
15,417,200.00
15,314,510.03
12,543,600.00
7,295,705.00
3,750,500.00
3,391, 532.00
4,985,274.32

$2,430, 500.00 -----------------10, 170,186.68
$58,642.06
19,624,016.39
409,878.87
9,823,631.19
535,840.65
16,577,471. 48
1,205,474.10
12,180,063. 17
1,561,404.87
9,435, 115.28
1,253, 188.31
5,080,954.91
1,376,330. 52
3,830,807.59
1,618, 781.05
4,710,367.98
1,596,899.64

$2,430, 500.00
12,542,044.62
31,756, 182.14
41,043,972.68
56,415,970.06
67.034,628.36
75,216,555.33
78,921, 179.72
81,133,205.26
84,246,674.60

99,696,044.75

93,863,114.67

9,616,440.07

84,246,674.60

4,294,724.89
2,849,559.28
3,219,307. 24
1,691,000.00
1,841,231.87
1,804,847. 24
266,781.25
892,449.04
281,490. 54
2,096,059.51
2, 135,000.00

3,412,672.47
4,093,224.60
1,697,279.66
2,375,255.24
1,888, 968.45
1,741,824.86
724, 147.01
1,114,230.35
321,417.65
531,340.92
272,414.58
1,014,664.29

2,288,507. 52
2,080,445.27
2,606,799.34
4,017,879.50
3,135,193.43
3,436,823.04
2,476,046.91
3,197,886.04
3,133,402.11
4,355,972.33
3,523,903.39
2,943,778.21

85,370,839.55°
87,383,618.88
86,474,099.20
84,831,474.94
83,585,249.96
81,890,251.78
80,138,351.88
78,054,696.19
75,242,711.73
71, 418,080.32
68, 166,591.51
66,237,477.59

21,815,467.54

19, 187,440.08

37,196,637.09

66,237,477.59

4,342, 150.30
3,310,550. 16
4,398,506.81
5,298,844.38
5,742,590.91
4,687,223.31
4,149,354.04
5,624,805.42
2,894, 139.99
3, 141,577.38
2,045,412.92
2,605,830.28

62,819,530.74
59, 552, 142.43
55,224,953.54
49,968,924.26
44,484,552.43
39.827,880.62
36, 178,526.58
30,553,721.16
27,659,581. 17
24,569,272.68
22, 523,859.76
19,918,029.48

48,240,985.90

19,918,029.48

4,471,437.35
2,044,580. 75
1,370,165.85

15,446,592.13
13,402,011.38
12, 109,120.53

7,886, 183.95

12, 109.120.53
11, 162,863.91
10,275,827.30
9,734, 170.84

443,016.68

20,787,069. 21 |-----------------21,814, 676.06

1,921, 537.79

100,000.00
750,000.00

8,524.90
365,484. 23

946,256.62
895,561.51
907, 140.69

870,000.00

374,009. 13

2,748,958. 82

9,734, 170.84

513,415.39
1,047, 611.32
*271,713. 60

10, 202,085.39
9, 180,262.92
8,908,549.32

* 1,832, 740.31

8,908,549.32

600,889.73
500,038.52
•459,041. 48

8,307, 659.59
7,807,621.07
,334.63

10,755.04

* 1,559,969.73

7.359,334.63

116,441,250.50

* 109,081,915.87

7,359,334.63

-

220,000, 00

981,330.94
August--25,787.85
September---------------------------------------------------------

Total, third quarter-----

-

-

220,000.00

Total, fourth quarter----|-----------------Grand total.-------------

145,004,713.25

1,007, 118.79

* These figures have been adjusted on account of rescissions.
* Revised.

* Exclusive ofrepayments unallocated, pending advices, asof Dec. 31, 1935.

-

REPORT

T A B L E 7.– A m o u n t

OF

o

RECONSTRUCTION

FINANCE

CORPORATION

59

authorizations, disbursements, repayments, and amounts
2, 1932, to Dec. 31, 1935, inclusive, by months and

#.
classes—Continued
outstanding from

INSURANCE COMPANIES

[Under Sec. 5ofthe Reconstruction Finance Corportaion Act, asamended]

M on th

A m o u n t a ut ho r

Am oun t dis

ized i

burs ed

-

Amount out

Am ou nt repaid

$7,080,000.00
9,722,000.00
7,543,000.00
39, 120, 500.00
3,833, 500.00
4,523, 700.00
3,370,500.00
1,209,000.00
2, 151,000.00
4,495, 731.66

$6,635,920.00
4, 141,250.00
8,514,225.00
26,719, 243.83
4,069,749. 49
4,661,210.41
4,691,720.37
1,625,444.01
1,665,828.78
5,313,027.03

1,727,995.92

$6,561, 520.00
10,684,778.63
18,820,888.39
45,440, 166.58
49, 100,805.03
53,466,005.75
57,232,934.62
57,893,494. 13
58,863, 849.29
62,448,880.40

83,048,931.66

68,037,618.92

5,588,738.52

62,448,880.40

976, 151.99
407,252.19
9,514,589. 21
1,678,000.00
2,256, 149.25
947,098.39
964,476. 50
1,238,304.75

Novembe
December---------------------

1,214,500.00
1,236,500.00
7,328, 131.07
1,624,000.00
1,286,322.94
2,074,381.84
330, 100.00
650,000.00
545,000.00
300,000.00
541,000.00
350,000.00

382,000.00
355,888.94
389, 503. 38

522,669.22
249, 134.17
315,230.93
1,453,255.23
960,955.02
4,627,689. 07
3,040,046.40
1,019,754.86
1,032,068.17
702,310.55
2,858,270.26
4,382,351. 13

62,902,363. 17
63,060,481. 19
72,259,839.47
72,484,584.24
73,779,778.47
70,099, 187.79
68,023,617.89
68,242, 167.78
67,745,099.61
67,424,789.06
64,922,407.74
60,929,559.99

Total.-------------------

17,479,935.85

19,644, 414.60

21, 163,735.01

66,929,559.99

237,425

4,897,331.31
2,878,747.39
3,224,029.44
13,323,826. 10
2,857,802.42
835,205.22
2,039,300.98
1,160,799. 19
831,357.84
864,938.90
602,486.82
4,504,357.43

56,269,654.48
54,059,011. 22
51,554,081.78
38, 250,350.82
35,398,253.26
34, 563,048.04
32, 523,747.06
31,362,947.87
30, 531,940.03
29,852,051. 13
29,249, 564.31
24,745,206.88

38,020, 183.04

24,745,206.88

792,205.65
1,428,663.61
567,264.63

23,953,001.23
22,525,968.93
21,958,704.30

January----------------------February----------------------

Targh-------------------------

April-------------------------May-------------------------June---------------------------

July--------------------------August-----------------------September
October

535, 000.00

240,000.00
730,000.00

$74,400.00
17,991.37
378, 115.24
99,965. 64
409, 111.04
296,009. 69
924, 791.50
964, 884.50

standing
at
end
of period

695, 473.62

1935
-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,631.31
Total, first quarter------

2,300.00

-

-

-

-

-

-

-

-

1,631.31

2,788, 133.89

21,958,704.30

801, 232.98
1,316,319.75
639, 112.01

21, 157,471.32
19,841, 151.57
19,202,039, 56

2,756,664.74

19,202,039.56

* 1,183,933.67
1493,814.38
1387, 190.57

18,018, 105.89
17,524,291.51
17,137, 100.94

22,064,938.62

17, 137, 100.94

7, 169,858.70
623, 145.21
42,883,640.64

9,967,242.24
9,344,097.03
6,460,456.39

Total, fourth quarter----|------------------|------------------

4 10,676,644. 55

6,460,456.39

Grand total.-------------

*83,059,038. 37

6,460,456. 39

102,850, 858.28

89,519,494.76

* These figures have been adjusted on account of rescissions,
* Revised
•Exclusiveofrepayments unallocated, pending advices, as of Dec. 31, 1935.

60

REPORT

OF

RECONSTRUCTION

F INA NCE CORPORATION

TABLE 7.-Amount of authorizations, disbursements, repayments and amounts
outstanding from Feb. 2, 1932, to Dec. 31, 1935, inclusive, §y months and
classes–Continued
M O R T G A G E LOAN COMPANIES

[Under Sec. 5 ofthe Reconstruction Finance Corporation Act, as amended]
Mo nt h

Amoºthor Anºis.

Am o un t repaid I

z

A m ou n t out
standing at
end of period

$6,517,000.00
7,360,000.00
2,968,000.00
56,825,000.00
7,119,000.00
1,092,000.00
960,000.00
4,415,000.00
3,805,800.00
2,832,602.61

$1,277,000.00 -----------------7,857,925.08
$38,159.93
5,177,732.43
,644.67
52,324,954.74
353,976.95
7,782,289.38
1,550,425.
3,184,891.92
1,426,741.85
2,951,205.21
1,470,665.63
3,222,581.36
2,018,482.23
2,023,729.34
1,317,632.34
2,620,710.93
2,936,546.08

$1,277,000.00
9,096,765.15
14,064,852.91
66,035,830.70
72,267, 694.26
74,025,844.33
75, 506,383.91
76, 710,483.04
77.416, 580.
77,100,744.89

93,894,402.61

88,423,020.39

11,322,275.50

77,100,744.89

3,262,000.00
31,658, 133.96
4,808,300.00
1,344,450.00
5,417,458.00
49,405, 143.93
8,319,811.03
,776,400.00
6,567,630.84
90,716,370.00
13,767,638.62
13,374,509.06

4,127,585.40
32,031,442.60
4,308, 125.25
520,010.92
727,724.48
46,197,567.68
1,432,403.59
7,057,961.93
1,262,939.98
4,155,303.46
5,160,440.27
19,060, 168.51

1,703,231.44
1,683, 530.66
767,237.17
3,572,569.70
770,726.77
946,493.45
1,846,684.17
3,795,422.98
2,307,788.41
4,832,302.50
1,620,207.40
1,446,509.45

79,525,098.85
109,873,010.79
113,413,898.87
110,361,340.09
110,318,337.80
155,569, 412-03
155, 155, 131.45
158,417,670.40
157,372,821.97
156,695,S22.93
160,236,055.80
177,849,714.86

234,417,845. 44

126,041,674.07

25,292,704. 10

177,849,714.86

4,204,231. 72
3,169,528.92
25,645,484.92
10,994, 596.66
12,236,091.48
2,860,043.60
1,628, 500.00
3,184,092.28
2,857,012.00
5,923,069.24
5,926,363.52
6,489,847.42

5,791, 110.00
1,016,365.20
759,553.54
29,718,319.71
8,595, 143.62
5,599,873.49
4,631,301. 12
2,807,894.17
2,820,449.99
1,925,475.40
1,229,905.15
8,530,509.02

4,697,383.04
12,644, 510.49
6,977,920.26
3,341,573.73
5,202,945.41
4,890,670.89
11,991,693.98
25,671,723.08
4,077,670.78
3,221,891. 13
4,364,689.66
4,423,618.35

441.82
167,315, 296.53
161,096,929.81
187,473, 675.79
190,
874.00
191,575,076.50
184,214,683.74
161,350,854.83
160,093, 634.04
158,797.218.31
155,662,433.
159,769,324.47

85, 118,861.76

73,425,900.41

91,506,290.80

159,769,324.47

2,678,400.00
2,808,796.97
1,527,600.00

2,753, 196.14
4,944, 592.01
1,666,232.81

6,651,877.68
5,831,632.01
5, 138,858.41

155,870,642.93
154,983, 60293
151,510,977.33

Total, first quarter------

7,014,796.97

9,364,020.96

17,622,368.10

151,510,977.33

April--------------------------

21,908, 475. 22
528, 264. 13
*8,162,849.03

1,119,327.56
921,575.39
1,524,471.30

3,749,978. 56
3,527, 181.35
2,392,57.2.69

148,880,326.33
146,274,720.37
145,406,618.98

January----------------------February---------------------March-----------------------April-------------------------*y--------------------------

June--------------------------July--------------------------August-----------------------September.------------------October----------------------November--------------------December---------------------

January----------------------February---------------------March-------------------------

*Y--------------------------

June--------------------------Total, second quarter----|

1

* 10,599,588.38

3,565,374.25

9,669,732.60

145,406,618-9s

July--------------------------August-----------------------September---------------------

14,090,000.00
3,956, 593.65
* 1,436.84

1,000, 598.93
1,600,621. 40
2,236, 173.17

6,604,935.40
5,330,340. 17
*6,202, 179.25

139,802,282.51
136,072,563.74
132, 106,557.65

Total, third quarter-----

* 18,048,030.49

4,837,393.50

*18, 137,454.82

132, 106,557.65

October----------------------November--------------------December---------------------

12,139, 516,28
1,893, 457.43
390,494.92

1,093,795. 59
1,839,879. 77
2,370,145.14

1,737, 185, 34
2,319,584.35
* 5,138,231.91

131,463, 167.91
130,983,463-33
128, 215,376.56

5,303,820. 50

49, 195,001.60

128,215,375.56

310,961,204.08 || 4 182,745,827. 52

128,215,375-56

Total, fourth quarter----

14,423, 468.63

Grand total.-------------

463,516,994. 28

!These figureshave been adjusted on account ofrescissions.
* Revised.

*Exclusive ofrepayments unallocated, pending advices, as ofDec. 31,1935.

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

61

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts

outstanding from Feb. 2, 1982, to Dec. 31, 1985, inclusive, by months and
classes–Continued
CREDIT UNIONS

[Under Sec. 5 of the Reconstruction Finance Corporation Act, as amended]
M o nt h

Amoºthor

A m o u n t dis
bursed

Amount out

Am oun t repaid

standing at
end of period

$338,437.00
364,334.00

431,260.00
440,510.00
438,635.00
436,495.00
435,400.00
434,250.00
549,200.70
547,985.90
547, 144.07
555,941.38
537,346.85
526, 166.86
512,498.21
512,498.21
499,790.77
498,608. 55
493,014. 16
488,310.96
483,541.59
428,626.44
390,216.44
389,258.41
388,200.22
387.345. 22

386, 107.72
385,457.72
385,457.72

Total, first quarter------|------------------|------------------

18,474.32
6,334.52
24,055.34

366,983.40
360,648.88
336,593.54

48,864. 18

336,593. 54

2,089.96
13,420.00
4,320.00

334,503.58
340,325,16
336,005. 16

19,829.96

336,005. 16

4,500.00
615.00

331,505. 16
330,890. 16
330,325. 16

565. 00

Total, fourth quarter----|------------------|-----------------Grand total.-------------

642,967.80

600,095.79

.

5,680.00

330,325, 16

850.00
655.00
4 550.00

329,475. 16
328,820. 16
328,270. 16

42,055.00

328,270.16

*271,825.63

328,270.16

1These figures have been adjusted on account of rescissions.

*Exclusive ofrepayments unallocated, pending advices, as of Dec. 31, 1935.

62

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

%

authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Dec. 31, 1935, inclusive, by months and

TABLE 7.-Amount

classes—Continued
F E D E R A L

L A N D

B A N K S

[Under Sec. 5of the Reconstruction Finance Corporation Act, asamended]

A m º

Mon th

A n º

thor-

Am ou nt repaid

Amount out

standing at

end of period
1932

$9,000,000.00
9,000,000.00
11,450,000.00
14,300,000.00
15,800,000.00
18,500.dºg. ºxy
18,500,000.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,800,000.00
18,800,000.00
19,800,000.00
20,300,000.00
21,800,000.00
23, 800,000.00
25,800,000.00
28,800,000.00
36,300,000.00
72,800,000.00
142, 118,000.00

-

000,000.00
500,000.00
1,500,000.00
2,000,000.00
2,000,000.00
3,000,000.00
7,500,000.00
36,500,000.00
69,318,000.00
Total--------------------

145,518,000.00

123,618,000.00 ------------------

142, 118,000.00

1934

January-----------------------

31,500,000.00
* 193,618,000.00

739,848.

iii.954.70.37
iii.15:352.sº

4,466,733.36
32,232,720.75

110, 688, 119.46
78,455,398.71

Total--------------------

*225, 118,000.00 | *245, 118,000.00 || 3:308,780,601.29

78,455,398.71

January----------------------February

1,491,325.35
2,490,737.91
2,210,356.78

76,964, U73.35
74,473,335.45
72.262,978.67.

March-------------------------

Total, first quarter------|------------------|------------------

-

-

September--------------------|------------------|------------------

6,192,420.04

72,262,978.67

1,788,778.22
4,075,855.88
6, 525, 135.46

70, 474,200.45
66,398,344.57
59,S73,209.11

12,389,769.56

59,873,209.11

1,596,302. 70
,564.94
*1,607,747.80

58. 276.906. 41

57,883,341.47
56,275, 593.67

Total, third quarter-----

23, 597,615.44

56,275,593. 57

October--N ov em be r December---------------------

4,230,052.95
1,937,990.22
*5,033,604, 26

52,045,540.72
50, 107,550.50
45,073,946.24

Total, fourth quarter----|------------------|-----------------G r a n d total.-------------

1

s399,636,000.00

s387,236,000.00

* 11,201,647.43

45,073.945. 24

1342,162,053.76

45,073.945.24

º : ºuteshave been adjusted on account of rescissions.

* Revised.

*Includes $193,618,000representing refinancing of loans previously made by the corporation to Federal
land banks for different individual amounts, but in the same aggregate amount.
* Exclusive of repayments unallocated, pending advices, as of Dec. 31, 1935.
* Represents refinancingof loans previously made by the corporation to Federal land banks for different
individual amounts, but in the same aggregate amount.

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

63

%

TABLE 7.-Amount

authorizations, disbursements, repayments, and amounts
eb. 2, 1932, to Dec. 31, 1935, inclusive, by months and

outstanding from
classes—Continued.

JOINT-STOCK L A N D B A N K S

[Under Sec. 5 ofthe Reconstruction Finance Corporation Act, as amended]

Amoºthor

Month

Amount out

Anºis.

Amo unt repaid

-

-

-

-

-

$724,877.ii
134,339.47
286,592. 54
128,382.45
16,617. 55
168, 102.43
447,215.54
616,718, 53

$724,877. 11
708,846.05
840, 196.02
1,126,269.66
1,248,809. 11
1,263,848.24
1,420,533.77
1,856,364.27
2,465,301.30

2,527,845.62

2,465,301.30

153,352.93
2,216,010.83
425,764.41
1,539,453.87
824, 170.65
258,000.00
852,097.99
1,300,383.90
703, 170.07
1,705,290.08
1,617,964.83
824,614.58

2,611,711.69
4,824,630.57
5,243,245. 16
6,750,657.96
7,535,118.13
7,749,039. 19
8,554,682.39
9,793,001.21
10,416,634.38
12,075,723.83
13,551,515.99
14, 141,038. 27

12,420,274.14

14,141,038. 27.

-

-

000, 00
- * *****
-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

October-----------------November---------------December---------------------

Total--------------------

576,
595,000.00
2, 126,000.00
1,525,000.00
-

14,806,172.68

standing at
end of period

1934

January-----------------------------------------

229,765. 28
18,663.02
-

-

-

-

-

-

117,817. 54
147,787.41

752,526.68
478,487.62
2,038,593.69
523,437.61
428,024, 35
1,028,494.44
670,321.06
833,327.58
325,397.41
257,571.91
415,243.08
614,360. 13

13,618,276.87
13,158,452. 27
11,119,858.58
10,596,420.97
10,168,396.62
9,139,902.18
8,469,581. 12
7,636,253.54
7,508,075.41
7,250,503.50
6,953,077.96
6,486,505. 24

711,252.53

8,365,785.56

6,486,505. 24

1,107,856.17
414,350.00
935,035.54

5,378,649.07
4,964,299.07
4,029,263.53

2,457,241.71

4,029,263. 53

328, 214.57
554,566.54
107,818.81

3,701,048.96
3, 146,482.42
3,038,663.61

990,599.92

3,038,663.61

232,657.62
423, 310.09
:8,828.27

2,806,005.99
2,382,695.90
2,373,867.63

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

197,219.28
-

Total--------------------------------------

Total, first quarter------

-

-

-

-

-

-

-

-

-

-

52,400.00 ------------------

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

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

20,779.63
129,220, 37

150,000.00

2664,795.98

2,373,867.63

67,761.54
98,826.64
*60,367,52

2,306, 106.09
2,207,279.45
2,296,911.93

Total, fourth quarter----

150,000.00

150,000.00

*226,955. 70

2,296,911.93

Grand total-------------

21,305, 572.68

15,809,372.29

* 13,512,460.36

2,296,911.93

1 These figures have been adjusted on account of rescissions.
* Revised.

* Exclusive of repayments unallocated, pending advices, as of Dec. 31, 1935.

64

REPORT

OF RECONSTRUCTION

TABLE 7.-Amount

o

FINANCE

CORPORATION

authorizations, disbursements, repayments, and amounts

eb. 2, 1932, to Dec. 31, 1935, inclusive, by months and

outstanding from
classes–Continued

F E D E R A L I NT ER ME DIA TE CREDIT BA NKS

[Under Sec. 5 of the Reconstruction Finance Corporation Act, asamended]
A m o u n t authorized 1

Month

Amount out

A mou nt dis
bursed

A mou nt repaid

standing
at
end
of period

1933

March------------------------

$9,250,000.00

$9,250,000.00

$9,250,000.00 l------------------

Total-------------------Grand total.--------------

9,250,000.00
9,250,000.00

9,250,000.00
9,250,000.00

9,250,000.00 l-----------------9,250,000.00 ------------------

AGRICULTURAL CREDIT CORPORATIONS
[Under Sec. 5 of the Reconstruction Finance Corporation Act, asamended]

$1,000.00 -----------------20,200.00 -----------------18,650.00
$600.00
246, 515.87
2, 186,90
400, 621.07
2,647.41
534,151.82
7,613.68
539,074.94
74,450.98
1,206,884.22
356,814.61
276,909.98
352,082.06
212,619.43
285,914.76

$1,000.00
21,200.00
39,250.00
283,578.97
681,552.63
1,208,090.77
1,672,714.73
2,522,784.34
2,447,612.26
2,374,316.93

3,619,850.98

3,456,627.33

1,082,310.40

2,374,316.93

101,252.10
240,000.00
442,904.36
20,825.00
163,077.91
201,022.01
197,866.93
76,730.88
195,922.58
166,418, 12
41,805.22
111,809.20

155,952.10
244,722.72
131,280. 12
193,526.26
139, 539, 54
279,255.80
153,124.13
175,878.58
185,181.62
8, 194.00
59,708.52

207,830.11
167, 148.22
175,351.39

177,306.41
303,275.79

2,322,438.92
2,157,938.55
2,227,309.88
2,132,338.62
124,S63.53
2, 121,651.63
2,146,795.85
2,144,535.73
2,206,804.37
2,103,980.39
1,934,867.98
1,691,300.71

1,959,634.31

1,729,011.24

2,412,027.46

1,691,300.71

83,894.35

25,491.70

242,761.43
260,313. 12
79,566.22
281,713.85
102,087.82

1,474,030.98
1,213,717.86
1,134, 151.64
902,437.79
800,349.97
800,231.74
799,678.89
789,056.09
602,729.55
599,729.55
863,372.83
863,372.83

ber
Total--------------------

647.85

251. 38

201,001.35
142,751.44
254, 111.58
155,384, 25
113,609.94
005, 60

118.23
552.85

10,622.80
186,326.54
3,000.00
11,356.72
1,178,419, 58

2,500.00

863,239.33
860,739.33

2,633.50 |

860,739.33

133. 50

-

Total, second quarter---July--------------------------September--------------------

26,760.67

Total, third quarter
October----------------------N ov e mb e r- .
December---------------------

Total, fourth quarter---Grand total.-------------

6,040, 140.31

5,562,890.94

-

-

-

14,000.00

887,500.00
873,500.

14,000.00
1,500.00
28,475.00

873,500.00
872,000.00
tº3, 525.00

*9,975.00
88, 126.25
9,719.26
* 5,742.57

863,525.00
775,398.75
765,679.49
759,936.92

*103,588.08
•4,802,954.02

759,936.92
759,936.92

-

-

-

-

-

1 These figures have been adjusted on account of rescissions.
* Revised.

*Exclusive ofrepayments unallocated, pending advices, as of Dec. 31, 1935.

-

-

-

-

-

-

-

-

-

REPORT OF

RECONSTRUCTION

F IN AN CE CORPORATION

65

TABLE 7.-Amount of authorizations,disbursements, repayments, and amounts out
standing rom Feb. 8, 1982, to Dec. 31, 1935, inclusive, by months and
classes–Continued
R E G I O N A L A G R I C U L T U R A L C R E D I T C O R P O R A T I O N S (REDISCOUNTS)
[Under Sec. 5 ofthe Reconstruction Finance Corporation Act, asamended]

Amoºthor. Anºis.

Month

Amount repaid

A mo u nt out
Standing at
end of period

1932

December---------------------

$7,285,972.50

$5,372,062.60

$655.03

$5,371,407. 57

7,285,972.50

5,372,062.60

655. 03

5,371,407. 57

15,360,112.84
20,758,427.15
21,693,083.82
18,119,962.42
22,855,433.69
17,321,307.67
23,278,692.19
3,483,282.34
3,253,888. 56
1,896, 464.93
2,109,918.31
3,255,678.72

15,269,909.65
18,266,632.88
19,706,023.74
19,214,707. 12
23,262,884.81
17,813,925.71
22,287,256.46
3,798,852.57
2,454,622.40
2,762,700. 50
2,015, 321.54
2,929,313.74

104,646.84
1,798,634.47
1,330,314.09
2,009, 169.89
2,652,548.71
4,473,930.65
12,898,417.70
28, 148,010.72
26,330,278.71
22,014,809.00
15,897,239.21
7,610,410.44

37,004,668.79
55,380,378.44
72,585,915.67
93, 196,251.77
106,536,246.83
115,925,085, 59
91,575,927.44
67,700,271.13
48,448, 162.63
34,566,244.96
29,885, 148.26

153,386,252.64

149,782, 151.12

125,268, 410.43

29,885, 148.26

5,739,993.04
5,075,284. 50
5,708,256.95
6,213,407.61
2,706,353.39
3,151,195.84
1,164,925.89
949,023.95
227,324.30
148,713.81
943,267.89
282,680.28
733,276.66
770,640.71
350, 570.69
158,259.21
243,266. 14
762,747.35
341,888.41 -----------------9,103.98
577,473.74

20,536,670.38

6,577,453.24
28,382,979. 52
5,451,438.28
29,144,948.85
10,215,590. 51
22,080,554.18
8,734,142.18
14,295,435.95
5,559,706.67
8,884,443.09
2,536,248.77
6,630,874.60
1,235,772.65
6,165,742.66
1,677, 537.10
4,646,464.77
1,662,209.86
3,747,002. 26
1,127,072.76
2,619,929. 50
3,197,403.24 |------------------

Total--------------------

18,168,227.34

18,089,427.00

47,974, 575.26 ------------------

Grand total.-------------

178,840,452.48

173,243,640.72

173,243,640.72 |------------------

LIVESTOCK CREDIT CORPOR ATIONS

[Under Sec. 5 ofthe Reconstruction Finance Corporation Act, asamended]
1932

March------------------------

December---------------------

$496,990.00
2,548,195.00
1,260,825.00
2,288,576.00
1,415,216.29
2,753,454.57
1,202,725.44
478,305.00
506,565. 55
194,750.00

Total--------------------

13,145,602.85

11,810,403, 61

4,062,258.82

7,748, 144.79

130,700.00
37,000.00

69,400.00
48,727. 17

1,453,586.08
919,864. 29
397,576. 56
359,976.98
343,254.35
366,727.39
315,517.13
651,462. 14
243,334.89
284, 155.23
292,442. 13
453,647. 07

6,363,958, 71
5,492,821.59
5,095,245.03
4,846,268.05
4,603,013. 70
4,352,286.31
4,036,769. 18
3,385,307.04
3,141,972. 15
3, 171,019, 19
2,878,577.06
2,424,929.99

6,081, 544.24

2,424,929.99

April-ay J un e -

July--August-SeptemberOctober---November-

-

$470,990.00 |-----------------1,659,550.00
$4,508.69
1,214,017.01
20,249.41
2,549,078.00
136,771.65
1,315,563. 16
255,983. 27
1,944, 974.76
408,041.41
1,534,779.79
504,242.20
521,319.62
605,885.43
452,663.65
552,119. 55
147,467.62
1,574,457.21

$470,990.00
2,126,031.31
3,319,798.91
5,732, 105.26
6,791,685.15
8,328,618.50
9,359,156.09
9,274,590.28
9,175, 134.38
7,748,144.79

1933

January-----------------------

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

Total--------------------

1,118,800.00

758,329.44

1These figures have been adjusted on account of rescissions.
5 5 62 8 – 36

5

66

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts out
standing from Feb. 2, 1932, to Dec. 31, 1935, inclusive, by months and
c lasses –Conti nued
L i v e S T O C K C R E D I t C OR P O R A T I O N S - C o n t i n u e d

Am o un t authorized 1

Month

November
D ecem ber-

Am o un t dis
bursed

-

-

Total--------------------

210, 559.15

248,999. 76

Amount out

A mo u nt repaid

standing
at
end
ofperiod

$213,496.61
140,787.36
357, 209.87
97,929.59
43,547.64
32,917.94
89,570.05
5,020.24
11, 176.85
83,879.64
135,171.46
130, 102.12

$2,211.433.38
2,070,646.02
1,813,436.15
1,715,506.56
1,671,958.92.
1,707.481.59
1,617,911.54
1,612,891.30
1,601,714.45
1,543,393.96
1,463,222.50.
1,333, 120.38

1,340,809.37

1,333,120.38

21,406.46
42,035.24
13,743.21

1,311,713.92
1,269,678.68
1,255,935.47

1935

January-----------------Febr uar
M ar c h . ----

Total, first quarter------|------------------|------------------

77,184.91

1,255,935.47

1,121.50
30,817.50
38,152.35
70,091.35

1,254,813.97

I

. F I T T T R , WETE

64,712.48
241,500. 07
*283,004.32
123,056.46
43,982.01
*33,024.13

-

Total, fourth quarter---Grand total.-------------

163, 865. 88

14,758,827.88

163,865.88

1,343.996.47

1,305,844. 12
1,305,844. 12

* 200.062. 60

1,064,339.87
1,022,839.80
1,022,839.80.
899,783.34
930,801.33
986.643.08
986,643.08

I3,IOI,55.05 ITTI, III.SS5,STITSS5.5III's

R AI L R O AD S (INCLUDING RE CEI VER S A N D TRUSTEES)

[Under Sec. 5 ofthe Reconstruction Finance Corporation Act, asamended]

$46,975, 757.00
13,812,000.00
37, 931, 457.00

60,923, 538.00
54,239,972.00
16,392,085.00
12,798, 583.00
21,293,541.00
25,926,269.00
38,226,000.00
8,915,891.00
337,435,093.00
000.00
922.00
828.00
583.00
000.00
000.00

-

-

-

-

-

-

Total-------------------

74,410,585.00

$31,322, 257.00 -----------------24,791,500.00
$1,147,952.00
18,816,333.00 -----------------15,898,637.00
2,815,727.74
54,824,813.50
2,203,000.00
27,545,736.00
2,990,000.00
224,884.31
41,963,445, 50
250,000.00
12,888,851.00
24,931,816.00
1,910,500.00
162,498.66
8,682,808.00
125,000.00
22,645,074.48

$31,322,257.00.
54,965,805.00
73,782. 138.00
86,865, 047.26
139,486,850.75
164,0.42,595.75
205,781, 157.95
218,410.008-95
241,431,324-95.
249,951,634-29
272,471,70-77

284,311,271.48

272,471.70s-77

11,839,562-71

7,583,551.64
004.
24,510, 173.80
8,322,417.82
102,189.40
14,792,891.30
12,275,136.31 -----------------17,925,716.98
265,795.18
18,329,660.00
5,125,081. 20
1,302,600.00
24,028, 144-47
455,878.25
281,800.00
360,000.00
1.913,300.00
4,629, 207.30
6,199,220.26
3,319, 658.32
76,797.61
3,819, 291.36
139,132-18
109,782, 987.01
45,088,570.37

º : ºur- have been adjusted on account of rescissions,
ev i se

* Exclusive of repayments unollocated, pending advices, as of Dec. 31, 1935.

280,041,256.41
296,229,012-sº
310.919,714-29
323, 194,850-50.
340,854,772.40.
354,059, 351-20.
331,333,806-7s
331, 159,728.4s
331,813,028-4s
330,243,015.5
333,485,956.23
337,166. 125-1
337,165,125-41

REPORT

OF

TA BLE 7.-Amount o

outstanding from

RECONSTRUCTION

FINANCE

CORPORATION

67

authorizations, disbursements, repayments a n d a m o u n t s
eb. 2, 1982, to Dec. 31, 1985, inclusive, by months and

classes—Continued
R A I L R O A D S ( U N C L U D I N G R E C E I V E R S A N D TRUS TEES)— Contin ued

-

Ameºthor
|| A nbursed
ºis
ized 1

Mo n th

| Amountrepaid

$3,697,480.00
4,495,623.00
103,160.00
115,580.00

104,880.00
9,034,862. 55
1,122,500.00
906,800.00

Am oun t ou t
standing
at
end
of period

$9,562. 52
29,749.17
,000.00
349,156.56
,489.18
347, 525.41
18, 109.67
12,166,827.85
,037.50
7,971.40
48,559.81
31,282.25

$340,854,042.89
345,319,916.72
345,323,076.72
345,089, 500.16
949,890.98
353,637,228. 12
354,741,618.45
343,481, 590.60
343,594,939. 69.
353,491,458.77
361,829,878.96
376,893,867.71

December---------------------

11,679,000.00

221,386.59
9,904, 490.48
8,386,980.
15,095,271.00

Total--------------------

46,010,402.00

53, 189,013. 62

13,461,271. 32

376,893,867.71

2,660,000.00
251,000.00
600,000.00

89,381.13
13,730.67
103,000.00

379,464,486.58
379,701,755.91
380,198,755.91

-

-

-

- -

-

- -

- -

- -

- -

- -

- -

- -

- -

3,511,000.00

206, 111.80

380, 198,755.91

33,978,900.00
300,000.00
240,748.00

7,267,300.00
27,031,120.00°
1,738, 480.00

853,761.83
228,930.32
808,500. 54

386,612, 294.08
413,414,483.76
414,344, 463. 22.

36,519,648.00

36,036,900.00

1,891, 192. 69

414,344, 463. 22

1,272,813. 41
6, 133.41
454,133.41

413,338,349.81
413,349,816.40.
412,902,782.99

1,733,080.23

412, 902,782.99

98,023.81
39,550.04
* 16,609,600.24

412,804, 759.18
412, 765,209.14
396,249,860.90

94,252.00

* 16,747,174.09

396,249,860.90

487,216,824. 11

*90,966,963.21

396,249,860.90

-

November-

December--------------------Total, fourth quarter----|-----------------Grand total.------------PROCESSORS O R

494,375,728.00

DISTRIBUTORS W H O

ARE

SUBJECT T O

PROCESSING TA XE S

[Under Sec.5ofthe Reconstruction Finance Corporation Act, asamended]
1933

November--------------------December---------------------

$7,333.69
$7,333.69 |-----------------14,400.00 -----------------------------------21,733.69

7,333.69 |------------------

7,384.37

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total, fourth quarter----|------------------|-----------------Grand total.-------------

26,089. 27

14,718.06

1 These figures have been adjusted on account of rescissions.

* Exclusive ofrepayments unallocated, pendingadvises,asofDec. 31,1935.

7,333.69

500.00
505. 69

14, 150.38
13,150.38.
8,722.38
9,290.06
2,473.37
1,973. 37
1,467.68

13,250.38

1,467.68

6,816. 69

4,355.58

$7,333.69
7,333.69

900.00

567.68

900. 00

567. 68.

300.00
267.68:
267. 68 -----------------567.68 ------------------

14,718.06 ||------------------

68

REPORT OF RECO NSTRUCTION FI NANCE CORPORATION

TABLE 7.-Amount
outstanding from

% authorizations,

disbursements, repayments and amounts
eb. 2, 1982, to Dec. 31, 1985, inclusive, by months and

classes—Continued
STATE FU ND S C R E A T E D FOR T H E PURPOSE OF INSURING R E P A Y M E N T
POSITS O F P U B L I C M O N E Y s
[Under Sec. 5 of the Reconstruction Finance Corporation Act, asamended]

Am ou nt author
ized 1

M o n th

O F DE.

Anno unt o u t

Am o un t dis
bursed

A mo un t repaid

standing at
end of period

$5,887,715.88

-

-

-

-

-

-

-

-

-

-

-

-

-

$74,750.14

$5,887,715.88
5,812,965.7

74,750.14

5,812,965.74

324,650.95
433, 516.88
892, 527.88
1,518,737. 55
869,746.64
801,057. 53
835,951.34
534,440.83
369,154.88
500, 145.03
423,985.61
330,473.67

5,488,314.79
5,054,797.91
4, 162,270.03
2,643,532.48
1,773,785.84
3,472,728.31
2,636,776.97
2,102,336.14
1,733, 181.25
1,233,036.23
809,050.62
478, 576.95

7,834,388.79

478, 575.95

January-----------------------|------------------|------------------

478,576.95 ------------------

Total, first quarter------|------------------|------------------

478, 576.95 l------------------

May-------------------------2,400,000.00 ------------------|------------------|-----------------June--------------------------------------------2,376,915.30
260, 159.51
2,116,755.79
Total, second quarter----

2,400,000.00

2,376,915.30

July--------------------------August

Total, fourth quarter----|------------------|-----------------Grand total.-------------

10,787,715.88

10,764,631.18

260, 159.51

2,116,755.79

510,994.28
95,974.07
102,813.46

1,605,761.51
1,509,787. 44
1,406,973.98

709,781.81

1,406,973.98

359,776.61
37,465.50
*230,927.82

1,047, 197.37
1,009,731.87
778,804.05

4.628,169.93

778,804.05

49,985,827. 13

778, S04.05

B O R R O W E R S E N G A G E D IN T H E F I SH I N G I N D U S T R Y

[Under Sec. 5 ofthe Reconstruction Finance Corporation Act, asamended]
1934

October-----------------------

$42,500.00 ------------------------------------|-----------------20,000.00
$25,000.00 --000.00
57,000.00 ------------------|-----25,000.00
119,500.00

Total, second quarter----

25,000.00 ------------------

25,000.00

7,500.00
17,500.00 -----------------11,000.00
10,000.00
14,000.00 ------------------|------------------

500.00
52, 500.00
52, 500.00

32,500.00

27,500.00 ------------------

52, 500.00

3,000.00
500,000.00

23,000.00 -----------------3,000.00 ------------------

75,500.00
78,500.00

503,000.00

26,000.00 ------------------

78,500.00

1 These figures have been adjusted on account of rescissions.

*Exclusive ofrepayments unallocated, pending advices, asof Dec. 31, 1935.

REPORT
TABLE 7.-Amount

OF

RECONSTRUCTION

69

FIN ANCE CORPORATION

% authorizations, disbursements,

outstanding from

repayments and amounts
eb. 2, 1932, to Dec. 31, 1935, inclusive, by months and

classes–Continued
B O R R O W E R S E N G A G E D IN T H E F I S H I N G I ND US TR Y -C on ti nu e d

A mo u nt authorized 1

Mo n t h

August-----------------------September---------------------

Total, third quarter----October----------------------NovemberDecember---------------------

A mo un t disbursed

A mou nt out

Am ou nt repaid

$16,400.00 ------------------|-----------------*20,000.00
$16,000.00
$2,500.00
*36,400.00

16,000.00

2,500.00

2,000.00 l------------------------------------

7,500.00 l------------------|-----------------8,000.00
480,369.77
(*)

-

standing
at
end
of period

$78,500.00
92,000.00
92,000.00
92,000.00
92,000.00
572,369.77

Total, fourth quarter----

17,500.00

480,369.77

(4)

572,369.77

Grand total.-------------

708,900.00

574,869.77

42,500.00

572,369.77

TOTAL, SEC. 5c O F T H E

RECONSTRUCTION

FI N AN C E

C O R P O R A T I O N ACT, AS

AM END ED

[Subscriptions fornonassessiblestock ofmortgage loan companies]
1935

March-------------------------

$10,000,000.00 ------------------|------------------|------------------

Total, first quarter------

10,000,000.00 ------------------|------------------------------------

April--------------------------------------------

$10,000,000.00 ------------------

Total, second quarter----|------------------

10,000,000.00 ------------------

10,000,000.00

2,000,000.00 ------------------|------------------

10,000,000.00

2,000,000.00 ------------------|------------------

10,000,000.00

July--------------------------Total, third quarter----Grand total.-------------

12,000,000.00

10,000,000.00

(4)

$10,000,000.00

10,000,000.00

T O T A L , SEC. 5d O F T H E R E C O N S T R U C T I O N F I N A N C E C O R P O R A T I O N A C T , A S
A M E N D E D

$924, 500.00
3,138,900.00
4,273,475.00
4,012,800.00
25,386,350.00
6,064, 150.00
14,742,360.00

$273,840.00 ||-----------------1,642,338.27 1-----------------1,402,466.91
$86,128.10
937,736.48
3,968.80
2,486,398.45
26, 581.89

$273,840.00
1,916, 178.27
3,232, 517.08
4,166,284.76
6,626, 101.32

228,542,535.00

6,742,780.11

116,678.79

6,626, 101.32

5,331, 550.00
4,121, 100.00
5,739,771.93

1,907,767.64
2,217,094.26
2,149,499.91

21,117.59
82,601.59
58,401.65

8,512,751.37
10,647,244.04
12,738,342.30

15, 192,421.93

6,274,361.81

162,120.83

12,738,342.30

6,987,915.00
4,218, 194.88
10,984,130.06

2,042,758.77
3,238,520. 55
4,235,210.82

128,981.59
212,778.00
167,061.13

14,652, 119.48
17,677,862.03
21,746,011. 72

22, 190,239.94

9,516,490.14

508,820.72

21,746,011. 72

*7, 116,645. 58
* 10,944,903.86
25,809, 532.23

4,410,737.99
3,777,486.28
3,038,710.62

239,375.17
193,000. 52
2230,572.19

25,917,374.54
29,501,860.30
32,309,998.73

*23,871,081.67

11,226,934.89

a662, 947.88

32,309,998.73

4,391, 187.25
4,381,944. 44
5,406,696.62

2,586,585. 32
3,032,284.87
3,040,578.69

273,263. 55
320,132.29
*362,714. 49

34,623,320.50
37,335,473.08
40,013,337.28

Total, fourth quarter----

14, 179,828.31

8,659,448.88

*956, 110.33

40,013,337.28

Grand total.-------------

103,976, 106.85

42,420,015.83

*2,406,678.55

40,013,337.28

1These figureshave been adjusted on account ofrescissions.

* Revised.
* Exclusive of repayments unallocated, pending advices, as of Dec.31, 1935.

70

REPORT

OF

TABLE 7.-Amount

RECONSTRUCTION

FINANCE

CORPORATION

% authorizations,

disbursements, repayments a n d a m o u n t s
eb. 2, 1932, to Dec. 31, 1935, inclusive, by m o n t h s a n d

outstanding from
classes—Continued

L O A N S T O IND USTRI AL O R C O M M E R C I A L BUSINESS
[Under Sec. 5d of the Reconstruction Finance Corporation Act, as amended]

Am ou nt author-

Mo nt h

ized 1

Am ou nt disbursed

Amount out

Am ou nt repaid

standing
at
end
of period
-

1934

June--------------------------July-August--September--------------------October--- December---------------------

$924, 500.00
3,138,900.00
4,255,850.00
3,602, 500.00
*4,306,700.00
5,299, 150.00
3,949, 750.00

937,736.48
2,058,898.45

3,968.80
26,581.89

4, 166,284.7
6,198,601.32

Total--------------------

*25,477,350.00

6,315,280.11

116,678.79

6,198,601.32

3,863, 100.00
3,570,600.00
5,166,471.93

1,571,634.31
2,063,844.26
1,666, 500.38

21, 117.59
82,521.59
51,571.65

7,749, 118.04
9,730, 440.71
11,345,369.44

12,600, 171.93

5,301,978.95

155,210.83

11,345,359.44

6,144,915.00
3,334,694.88
10,396, 196.73

1,801,258.77
2.934,520.55
3,895, 744. 15

83, 151.59
212,698.00
166,378.64

13,063,476.62
15,785,299. 17
19,514,664.68

-

November------- -

-

-

-

-

-

-

-

-

-

-

-

April-------------------------May--June--------------------------

-

-

-

Total, second quarter----

19,875,806.61

8,631, 523.47

462,228.23

19, 514, 664-68

July--------------------------August--September--------------------

26, 296,545. 58
* 10,203, 587. 20
*5,408, 182.23

4,015,443.83
3,439,670.76
2,934,408.66

235,675.36
185,635.64
*216,860.00

23, 294, 433. 15

26,548, 468. 27
29, 266,016.93

Total, third quarter-----

*21,908,315.01

10,389,523, 25

*638,171.00

29,266,016.93

October----------------------November.
December---------------------

3,668,353.91
3,483,444. 44
4,089,696.62

2,280,772.82
2,738,384.87
2,873,828.69

222,825,31
303, 386.41
*345,941. 14

31,323,964. 44
33,758,962.90
36,286,850.45

Total, fourth quarter----

11,241,494. 97

7,892,986.38

* 872, 152.86

36,286, 850.45

Grand total.------------

91, 103,138.52

38, 531, 292. 16

* 2,244, 441.71

36,286, 850.45

-

P U R C H A S E S

OF

PARTICIPATIONS

*Nºto

INDUSTRIAL OR C O M M E R C I A L

[Under Sec. 5d of the Reconstruction Finance Corporation Act, as amended]
1934

August-----------------------September-

$15,000.00
35,300.00 --

October. ---

N ov e mb er
December.-------------------

August--September
Total, third quarter-----

siz7,500.00
1,941, 460.00

427,500.00 ------------------

427,500.00

886,500.00
*235,500.00
328,800.00

336, 133.33 -----------------153,250.00
$80.00
482,999.53
6,830.00

763,633.33
916, &R.33
1,392,972.85

* 1,450,800.00

972, 382.86

6,910. 00

1,392,972.86

735,500.00
615,500.00
217, 100.00

241, 500.00
304,000.00
318, 266.67

45,830.00

I,588,642.86
1,892.562.85
2,210, 147.04

1,568, 100.00

863,766.67

46,592.49

2,210, 147.04

1720, 100.00
*614,650.00
a401,350.00

394, 894. 16
329,815, 52
104,301.96

2,099.81
7,364.88
11,712.19

2,602.94L 39
2,925,392.03
3,017.981.80

21,736, 100.00

829,011.64

21, 176.88

3,017,981.80

80.
682.49

*These figureshave been adjusted on account ofrescissions.
* Revised.

*Exclusive ofrepayments unallocated,pending advices, as ofDec. 31, 1935,

REPORT

OF

RECONSTRUCTION

F INAN CE CORPORATION

71

%

T A B L E 7.-Amount

authorizations, disbursements, repayments and amounts
eb. 2, 1932, to Dec. 31, 1985, inclusive, by months and

outstanding from
classes—Continued
PURCHASES OF

P A R T I C I P A T I O N S IN L O A N S T O I N D U S T R I A L O R
BUS INES S—Co nti nued

Amo unt authorºtno

Am ou n t dis

º

Mo n t h

*October.---------------------November--------------------December---------

-

-

-

-

-

-

$527,433.34
418,500.00
1,317,000.00

-

-

tº:

Am o un t repaid

$305,812.50
293,900.00
166,750.00

COMMERCIAL

Amount out
...}.i.

$50,438.24
16,745.88
* 16,773.35

$3,273,356.06
3,550,510, 18
3,700,486.83

Total, fourth quarter----

2,262,933.34

766,462.50

483,957.47

3,700,486.83

Grand total.------------

8,959,393.34

3,859, 123.67

*158,636.84

3,700, 486.83

A G R E E M E N T S T O P U R C H A S E P A R T I C I P A T I O N S IN L O A N S T O I N D U S T R I A L O R C O M .
M E R C I A L BUSINESS

[Under Sec. 5d ofthe Reconstruction Finance Corporation Act, as amended]
1934

August-----------------------September-------------------October----------------------November--------------------December---------------------

$2,625.00
375,000.00
437, 500.00
244,000.00
*64,600.00

Total--------------------

21, 123,725.00

1935

January----------------------February---------------------March------------------------

581,950.00
2315,000.00
244,500.00

Total, first quarter------

*1, 141,450.00 ------------------|------------------|------------------

April-------------------------ay-------------------------June--------------------------

107,500.00
268,000.00
370,833.33

Total, second quarter----

746,333.33

July--------------------------* 100,000.00
August-----------------------* 126,666.66
September--------------------|-----------------Total, third quarter-----

*226,666.66

October----------------------November---------------------

8,400.00

3,600.00

195,400.00 ------------------|-----------------480,000.00 ------------------|------------------

Total, fourth quarter----

675,400.00 ||------------------

Grand total.-------------

3,913,574.99

T O T A L , S E C T I O N 5e O F T H E

29,600.00

26,000.00
26,000.00
26,000.00

(4)

26,000.00

*3,600.00

26,000.00

R E C O N S T R U C T I O N F I N A N C E C O R P O R A T I O N ACT, A S
AMEND ED

[Authorizations on the assetsofclosed banks and trust companies]
$81,315.61
-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

$22,500.00 -----------------$139.25

-

-

-

-

-

-

-

-

-

-

-

49.801. 26 ------------------------------------

Total, second quarter----

131, 116.87

22,500.00

139.25

79,988.24
102,059.90
193,054, 63

13,211.53
48,955. 12
82,387.25

1,365.58
5,251.22
10,505.65
17, 122.45

375, 102.77

144, 553.90

110, 118.91
82,867.05
11,231, 136.44
11,424,122.40

92, 672.48
103,261.78
91,233.42

10,466.26

287. 167.68

25.744.99

8, 119.53

7, 159.20

1 These figures have been adjusted on account of rescissions.
* Revised

• Exclusiveofrepayments unallocated, pending advices, as of Dec. 31, 1935.

$22,500.00
22,360.75
22,360.75
22,360.75
34,206.70
77,910.60
149,792. 20
149, 792. 20

234,345, 15
330, 447.73
411, 214.89
411,214.89

72

REPORT

TABLE 7 – A m o u n t

OF

RECONSTRUCTION

o

FINANCE

CORPORATION

authorizations, disbursements, repayments, and amounts
2, 1932, to Dec. 31, 1935, inclusive, by months and

%.
classes–Continued

outstanding from

TOTAL, SECTION 5e O F T H E R E C O N S T R U C T I O N F I N AN C E C O R P O R A T I O N ACT, AS
AMENDED–Continued

[Authorizations on the assets ofclosed banks and trust companies]

M o nt h

Amoºtho. Anºis.

Amount out

Amount repaid

standing at
end ofperiod

$111,000.00
164,430.65
75, 135.91

$10,468,138.63
84,471. 17
42,367.47

$972, 554.09
1,759,674.15
*561,747. 14

$9,906,799.43
8,231,595.45
7,712,216.78

350, 566.56

10,594,977.27

*3,293, 975.38

7,712,216.78

8,594,84
8,690.00
,500,

63,605.08
31,443.48
652,657.07

7, 196,800. 54
19,603.98
*8,843.44

579,021.32
590,860.82
1,234,674.45

Total, fourth quarter----

40,784.84

747,705.63

47,225,247.96

1,234,674.45

Grand total.--------------

12,321,693.44

11,796,904.48

* 10,562,230.03

1,234,674.45

T O T A L , E M E R G E N C Y R E L I E F A N D C O N S T R U C T I O N A C T O F 1932, A S A M E N D E D

NovemberDecember---------------------

$3,000,000.00 l------------------|------------------|-----------------63,931,669.00
$3,947,884.00 ||-----------------7,884.00
73,128,502.22
10,211,699.75 l-----------------14,159,583.7
103,002,382.63
17,270,389.52
$2,034.55
31,427,938.72
22,939, 183.60
21,653, 141.09
3,541.00
53,077, 538.81
47,042,590.68
44,060,901.82
109,881.40
97,028,559.23
313,044, 328, 13

97, 144,016.18

115,456.95

97,028,559.23

58,662,318.20
73,435,643.20
47,470,404.35
54,200,970.68
14,099,023.64
,858,081.56
53, 113,497.22
219, 295.58
2,022,500.00
251,231, 180.24
124, 164,690.24
443,674.80

42,811, 872.34
39,810,807.21
43,943,082.50
47, 159,003.89
55,029,013.59
6,497,833.23
11,258,722.89
6,012,631.30
7,109,122.61
8,461,727.36
36,876,451.63
40,059,762. 69

144,281. 14
60,759.60
126,566.04
110,270.37
541,557.37
347,853.91
171,499.97
734,781.32
617,821.80
147,991. 14
1,076,730.02
,541.82

139,696, 150.43
179,446,198.04
223,262,714.50
270,311,448.02
324,798,904.24
330,948,883.56
342,036, 106.48
347,313,956.46
353,805,257.27
362,118,993.49
397,918,715.10
437, 437,935.97

704,921, 279.71

345,030,031.24

4,620,654.50

437,437,935.97

49,015,000.00
3,095, 124.63
7,000.00
375,000.00
,000.00
250,484.94
9,840,000.00
15,306, 183.59
250,548,072, 15
89,343, 513.55
,000.00
33,565, 500.00

77,648,863.36
32,244,421.65
28,968, 655.33
11,593,558.33
13,420, 158.46
49,966, 539.24
32,702,254. 72
12,281, 508.03
756,654. 70
11,112,286.60
15,358,251.48
16,669, 136.80

1,055,949.66
8,029,888.88
10,982, 189.66
6,677, 572.05
2,935,741.51
10,113,747.94
72,953,349.39
51,049,951.31
35, 186,395.29
41,237,596.53
23,677,004.26
9,223,059.83

514,030,849.67
538,245,382.44
556, 231,848.11
561, 147,834.39
571,632,251.34
611,485,042.64
571,233,947.97
465,504-69
,035,764-10
473, 910,454.17
465,591,701.39
473,037,778.35

453,239,878.86

308,722,288.70

273, 122,446.31

473,037,778.36

11,320,844.02
8,868,557.15
12,473,204.86

5,973,192.77
6,189,376.35

1,751,013.91

08

478,385,429.61
481,064,610.41
489,673,312.19

1,901,013. 91

32,662,606.03

16,027,072.20

489,673,312.19

815,051.31
7,000,000.00
86, 153,000.00

13,837,388.69
12,557,881.66
107,693,741.28

914,329.61
2,483,034.33
5,641,568. 14

502,596,371.27
512,671,218.60
614,723,391.74

93,968,051.31

134,089,011.63

9,038,932.08

614,723,391.74

- v º v -

Total, second quarter----

- º r v --

1These figures have been adjusted on account of rescissions.
* Revised.

*Exclusive ofrepayments unallocated, pending advices, as of December 31, 1935.

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 7.-Amount of authorizations, disbursements, repayments
outstanding from Feb. 2, 1932, to Dec. 31, 1935, inclusive,

73

and amounts
and

by months

classes–Continued
TOTAL, E M E R G E N C Y RELIEF A N D C O N S T R U C T I O N A C T OF 1932, AS A M E N D E D
Continued

Amoºthor||
Amºlis
ized 1
bursed

M on th

July---------------------------|-----------------$97,033,894.59
August-----------------------a$77,000.00
25,774,851.06
September--------------------- 100,020,000.00
22,996,380.34
Total, third quarter-----| * 100,097,000.00
145,805, 125.99
50,000.00
7,900,834.05
100,075,000.00
7,440,628.21
5,167,750.00
4,810,693.25
105,292.750.00
20, 152, 155,51
Grand total.------------- 1,772,464,301.92 || 1,083,605,235.28
-

SELF-LIQUIDATING PROJECTS (INCLUDING

LOANS

Amount out

Amountrepaid

standing
at
end
of period

$11,412,700. 18
1,379,191. 11
*938, 119.59
* 13,730, 010.88
3,251,455. 64
532,243, 66
*30,443,477.94
*34,227, 177.24
+350,881,750. 16

$700,344, 586.15
724,740,246. 10
746,798, 506.85
746,798, 506.85
751, 447,885.26
758,356,269.81
723,485. 12
732,723,485. 12
732,723,485. 12

FOR

FINANCING

REPAIR O R

R E C O N S T R U C T I O N OF BUILDINGS D A M A G E D B Y E A R T H Q U A K E , FIRE, T O R N A D O ,
O R C Y C L O N E I N 1933)
[Under Sec. 201 (a), title II, of the Emergency Relief and Construction Act of 1932, as amended]

$53,105,000.00
79,932,880.00
4,324,744.00
8,412,910.24
Total.--------------------

145,775,534.24

1933

January----------------------FebruaryMarch-April--Ma y--

8,945,100.00

2,924,819.35
7,853,970. 51
3,851,648. 18
6,740,302.08
7,552, 137.13
3,992,943. 16
3,436,127. 18

22, 100.00
15,675.00
22,900.00
5, 150.00
50,325.00
11,525.00
4,500.00

18,337,000.00
18,664,000.00
20,684,000.00
25, 126,000.00
27,231,462.06
30, 134,181.41
37,972,476.92
41,801, 225.10
48,536, 377.18
56,038, 189.31
60,019,607.47
63,451,234.65

47,866,409.65

152, 175.00

63,451,234.65

8,408,771.54
2,065,486.53
10,001,716.92
2,525,044.88
6,399, 212.56
4,603,597.88
3,611,629.67
11,333,497.05
4,038,254.76
2,042,800. 11
7,202,013.34
5,719,757.84

363,436.46
2,344,825.00
1,023,767.50
,023.74
620,654.02
44,537.55
582,251.39
208,083.43
135,237.50
1,041,902.89
2,373,972.09
,350.00

71,496,569.73
71,217, 231.26
80,195,180.68
2,666,201.82
88,444,760.36
93,003,820.69
,033, 198.97
107,158,612.59
111,061,629.85
112,062,527.07
116,890,568.32
122,535,976. 16

67,951,783.08

8,867,041.57

122,535,976. 16

2,758,266.11
3,727,728.86
5,086,324.64

90,755. 16
1,327, 180.46
555,843.45

125,203,487.11
127,604,035.51
132,134,516.70

11,572,319.61

1,973,779.07

132,134,516.70

2,228,000.00
3,056,750.00
9,158,612.26

94,884.37
13,530.87
14,547.09

134,267,632.33
137,310,851.46
146,454,916.63

14,443,362.26

122,962.33

146,454,916.63

4,442
2

June----

July--------------------------------------------August----September---------------------|-----------------October---November---------------------|--------December--------------------81,123.80
-

- - - - - - - - -

Total--------------------

2,600,000.00
327,000.00
2,020,000.00

84,988,207.26

-

-

-

000.00

1934

January-----------------------|-----------------February6 124.63
March-------------------------|-----------------April-------------------------------------------May--------------------------------------------June-6484.94
July---------------------------|-----------------August--15,000,000.00
September-315,000.00
October-.
7,703.79
November
December---------------10,010,000.00
-

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

-

-

-

Total--------------------

25,333,313.36

Total, first quarter------|------------------

Total, second quarter----

36,053,000.00

*These figures have been adjusted on account ofrescissions.
* Revised.

* Exclusive of repayments unallocated, pending advices, as of Dec. 31, 1935
*Represents increases due to accounting adjustments in loans previously authorized.

74

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 7.-Amount o

authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Dec. 31, 1935, inclusive, by months and classes—
Continued

S E L F- L I U I D A T I N G P R O J E C T S ( I N C L U D I N G L O A N S F O R F I N A N C I N G R E P A I R O R
R E C O S T R U C T I O N O F B U I L D I N G S D A M A G E D B Y E A R T H Q U A K E , F IR E, T O R
N A D O , O R C Y C L O N E IN 1933)—Continued
[Under sec. 201 (a), title II, of the Emergency Relief and Construction Act of 1932, as amended]

Amo ; Author. *|†:Al-

Month

Amount out

A mo un t repaid

.

#d

pe r

Total, fourth quarter----|-----------------Grand total.-------------

FINANCING

292, 157,054.86

OF

EXPORTS

OF

$2,935, 100.00
6,346,063.46
13,650,000.00

$878, 931. 10
169,092.14
79,534.28

$148,511,085.53
154,688,056.85
168,258,522. 57

22,931, 163,46

1,127,557.52

168,258,522.57

2,843,262.50
4,961,965.80
3,040,000.00

2,836,802.14
89,272.40
*29,868,331.26

168,264,982.93
173, 137.676.33
46,309,345. 07

10,845,228.30

432,794,405,80

146,309,345.07

191,347,266.36

445,037,921.29

146,309, 345.07

AGRICULTURAL

SURPLUSES

[Under sec. 201 (c), title II, of the Emergency Relief and Construction Act of 1932, as amended]

$52,851,247.22
29,295.58
-

-

-

-

-

-

-

-

-

-

-

-

$1,497, 503.38
,903,990.01
341,170.88
257, 538.30

$1,497, 503.38
3,401, 493.39
3.686,806.78
3,906,280.49

2,533,445.78

38,064.59
17,636. 57
135,975.72

7,142,728.38

247, 534.37

6,895, 194.01

2,233,987.48
1,065,488.51
1,076,848.69
1,332,210.82

9,043,857.42
10,052,542.09
11,051,381.11
12,314,685.97
12,750,065.28
13,946,707.68
15, 185,128.15
14,875,319.50
14,953,570.45
15,215,905,88

136,649.62

32,688.33
180,062.29
771,569.45
132,761.48
269, 529.17

85,324.07
56,803.84
78,009.67
68,904.96
53,770.84
58,932.98
2,978,223.37
342,496.98
101,811.34
509,234.02
356,640.80
85,756.30

15, 175,799.43

490,412.42

13,056, 514.59

4,775,909.17

15, 175,799.43

February----------------------|-----------------arch-------------------------|------------------

6,974.45
9,225.36

19, 103.32
219,539.62

15, 163,670.56
14,953,356.30

Total, first quarter------|------------------

16,199.81

238,642.94

609,080.03
D e c e m be r

489, 149. 15

1,255,575.38

4,216,643.84

4, 497. 723.95

6,895, 194.01

14,992,026.55

1935

14,953,356.30
14,962,500.18
14,926,360.52
14,531,593.62
14,531, 593.62
14,516,501.68
14,300,065.47

Total, third quarter-----|------------------|------------------

231,528.15

14,300,065.47

December---------------------------------------|------------------

.273,104.63

14,026,960.84

Total, fourth quarter----|------------------|------------------

*273,104.63

14,026,960.84

*6,197,625.82

14,026,960.84

Grand total.-------------

53,370,955.22

20,224,586.66

1These figures have been adjusted on account of rescissions.
* Revised.
* Exclusive of repayments unallocated, pending advices, as of Dec. 31, 1935.

CORPORATION

75

7-Amount of authorizations, disbursements, repayments, and

amounts

REPORT OF
TABLE

RECONSTRUCTION

FINANCE

outstandingfrom Feb. 2, 1932,to Dec. 31, 1935, inclusive,by months and classes—
Continued
FINANCING O F A GR I CU L TU R AL C OMM OD IT IE S A N D LIVESTOCK

[Undersec.201 (d),titleII,ofthe Emergency Reliefand Construction Act of1932,asamended]
A m o un t author
ized 1

Month

Armount dis
bursed

A mo u nt out

A mo u nt repaid

standing at
end of period

August-----------------------September--------------------October-----------November---------

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

.55
1.00

-

-

2,671, 63.44

158,117.00

109,881.40

1,324,517. 14

54,775,920.67

1,439,974.09

115,456.95

1,324, 517. 14

281,802.20
438,000.00
60,000.00
225,329.43
55,000.00
174,280.00
262,250.00
190,000.00
2,022,500.00
251, 229,000.00
124, 164,690.24
442,551.00

32,302.20
75,295.96
104,024.04
1,349,879.30

144,281. 14
60,759.60
126,566.04

212,668.80
608,800. 95
110,290.93
27,649.65
652,051.93
32,274,428.44
34,090, 189.73

186,657.37
194,508.91
155,824.97
385,441.32
379,314.31
59,601. 55
1,047,568.45
400,066. 10

1,212, 538. 20
1,227,074.56
1,204, 532.56
2,444, 141.49
2,722,838, 49
2,740,998.38
3,193,974.36
2,918,823. 97
2,567, 159.31
3,159,609.69
34,386,469. 68
68,076, 593.31

379, 545,402.87

70,002, 936.30

3,250,860. 13

68,076, 593.31

49,015,000.00
3,095,000.00
887,000.00
375,000.00
860,000.00

233,072. 15
88,982,046.96
154,000.00
23,418,850.38

67,006, 104.34
29, 113,446.61
17,890,089.72
7,736,302.63
6,531,796.75
44,107,365.98
24,873,981.21
915,322.65
2,538,337.65
8,297,917.04
8,023,476.66
10,679,849.79

607, 189. 13
5,616,310.04
9,869,292.49
6,461,093.35
1,924,466.65
9,991,289.89
69,387,874.15
50,486,370.90
34,434,296.45
39,682,643.62
20,714,391.37
9,062,953.53

134,475,508. 52
157,972,645.09
165,993,442.32
167,268,651. 60
171,875, 981.70
205,992,057.79
161,478, 164.85
111,907, 116.60
80,011, 157.80
48,626,431.22
35,935, 516.51
37,552,412.77

427,416, 153.08

227,713,991.03

258,238, 171.57

37,552,412.77

150,000.00
1,751,013.91

8,562,577.91
5,133,853.
7,377,654.86

5,826,905.61
4,843,092.57
3,081,620.01

40,288,085. 07
40,578,846.34
44,874,881. 19

1,901,013. 91

21,074,086.61

13,751,618.19

44,874,881. 19

762,051.31
7,000,000.00
50, 153,000.00

11,600,244.81
9,501,131.66
98,535, 129.02

818, 795.24
2,413,363.80
5,231,354.15

55,656, 330.76
62,744,098.62
156,047,873.

57,915,051.31

119,636, 505.49

8,463,513.19

156,047,873.49

94,098, 794.59
19,428,787.60
9,346,380.34

10,518,067.14
1, 143,098.97
2119,749. 10

239,628,600.94
257,914, 289.57
267, 140,920.81

100,090,000.00

122,873,962.53

111,780,915.21

267,140,920.81

50,000.00

100,075,000.00
5,167,750.00

5,057,571.55
2,478,662. 41
1,770,693.25

83,653.50.
375,971. 26
*227,692.05

105,292,750.00

9,306,927. 21

*687,316.81

275,760, 531.21

Grand total.------------- 7 1,126,936,291.84 || 7 572,048,383.26 || 7 296,287,852.05

275,760,531.21

September-October----

January----------------------February

000.00

9,840,000.00
183.59

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

September
Total, third quarter-----

Total, fourth quarter----

354. 37

110,270.37

272, 114,838.86
274,217, 530.01
275,760, 531.21

:Thesefigureshave beenadjustedon accountofrescissions.
•Exclusiveofrepayments unallocated, pending advices, as of Dec. 31, 1935.

* Revised

7 Includesauthorizations of$1,041,000,000.00to the Commodity Credit Corporation, ofwhich $555,631,707.92
was disbursed and $288,090,660.94 was repaid.

76

REPORT OF RECONSTRUCTION FINANCE: CORPORATION

TABLE 7.-Amount o

outstanding from

authorizations, disbursements, repayments, and amounts
eb. 8, 1932, to Dec. 31, 1935, inclusive, by months and

classes—Continued
A M O U N T S M A D E AV AI LAB LE F O R RELIEF A N D W O R K RELIEF

[Under sec. 1, titleI,of the Emergency Reliefand Construction Act of1932,as amended]
M on th

Amoºthor
ized 1

Amºnºlis.
bursed

Amountrepaid

Amount out

standing at
end ofperiod

Tsä, ö17,834.00".I.I.I.I.I.I.I.I.III";3 g47,ssion
10,211,699.75
16,818,809.40
20,462,864. 12
28,525,784.82

14,159,583.75
30,978,393.15
51,441,257.27
79,967,042.09

79,967,042.09 ------------------

79,967,042.09

40,179, 570.14
39,408, 511.25
41,819,058.46
41,367,124.59
52,438, 197.16
3,360,345.08
1,298,448.05
146,702.18
-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

120, 146,612.23
159, 555,123.48
201,374, 181.94
242,741,306.53
294,844,603.69
298,073,703.77
299,372, 151.82
299,192,414.00
299,014,914.00

-

2.99,014,914.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,120.00
93,550.00
336,850.00
18,987.52
5,000.48
13,000.00
515,050.00
3,816.00
232,000.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

299,002,964.00
298,991,844.00
298,898,294.00
298,561,444.00
298,542,456.48
298, 537,456.00
298,524,456.00
298,009, 406.00
298,005, 590.00
7,773,590.00
297,773, 590.00

1,241,324.00

297,773, 590.00

January----------------------------------------------------------March-------------------------------------------------------------

55,532.00
7,500.00

297,718,058.00
297,710,558.00

Total, first quarter------------------------------------------

63,032.00

297,710.558.00

650.00

297,709,908.00
297,689,908.00
297,689,008.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1935

20,000.00
900.00

August---September---

Total, fourth quarter----|------------------|-------Grand total.-------------

300,000,000.00

-

-

-

-

-

-

-

-

-

-

299,984, 999.00

21, 550.00

297,689,008.00

610.00

67,000.00
522,400.00

297,688,398.00
297,621,398.00
297,098,998.00

590,010.00

297,098,998.00

331,000.00
67,000.00
*74,350.00

296,767,998.00
296,700.998.00
296,626,648.00

4472,350.00

296,626,648.00

*3,358,351.00

296,626,648.00

1 These figures have been adjusted on account of rescissions.
*Exclusive of repayments unallocated, pending advices, as of Dec. 31, 1935.

REPORT OF REC ONSTRUC TION FI NANC E CORPORATION
T A B L E 7.-Amount o

outstanding from

77.

authorizations, disbursements, repayments, and amounts
eb. 2, 1932, to Dec. 31, 1985, inclusive, by months and

classes—Continued
ToTAL, A C T A P P R O V E D M A R. 9, 1933, AS A M E N D E D

Amoºthor Anºis.

M on t h

z

A mo un t out

Am ou nt repaid

standing
at
end
of period

$12,750,000.00

$14,932, 500.00
7,600,000.00
16,597,500.00
8,188,000.00
14,798,000.00
3,471,000.00
4,385,000.00
30,965,000.00
89,888,000.00
305,731,000.00

$12,750,000.
7,582,500.
5,150,000.
17,985,500.
8,185,000.
7,677,500.
3,776,000.00
2,990,000.00
44,155,000.
154,094,716.67

515.00

20,332,500.00
25,482,500.00
43,463,315.00
51,648,315.00
59,325,815.00
63,101,765.00
66,059,835.00
110,106,040.00
264,200,241.67

496, 556,000.00

264,346,216.67

145,975.00

264,200,241.67

255,139,350.00
75,514,250.00
104,793,000.00
30,407,300.00
48,629, 400.00
35,906,820.00
16,237,950.00
27,196,700.00
13,215, 525.00
23,904, 850.00
9,798,000.00
16,282,780.00

146,474,400.00
54,717,750.00
128,039,340.00
63,697,085.00
47,992, 555.00
112,035,430.25
21,434,472.50
26, 147,230.82
25,890,041.66
15,989,885.00
12,968, 102.50
18,271,541.50

191,125.00
108,911.11
79,448. 17
558,249.50
153,717.31
1,386,525.15
54,704,338.00
4,222,879. 15
1,849, 506. 51
5,621,335.47
1,278,715.95
3,719,065.98

410,483,516.67
465,092,355.56
593,052,247.39
656, 191,082.89
704,029,920.58
814,678,825.68
781,408,960. 18
803,333,311.85
827,373,847.00
837,742,396.53
849,431,783.08.'

657,025,925.00

673,657,834.23

73,873,817.30

863,984, 258.60

15,159,300.00
2,536,250.00
3,087,500.00

15,460,560.00
27,135,725.00
9,155,660.00

5,465,754.69
5,211,054.83
2,225,933.31

873,979,063.91
895,903,734.08
902,833,460.77

-

-

31,930.00
108,795.00

*

Total, second quarter----|

60

20,783,050.00

51,751,945.00

12,902,742.83

902,833,460.77

* 1,673,400.00
5,269,650.00
*5,993,600.00

4,831,000.00
5,525,975.00
6,782,063. 33

7,651, 331.50
3,439,690.27
4,218,296.79

900,013, 129.27
902,099, 414.00
904,663, 180. 54

1 12,936,650.00

17, 139,038.33

15,309,318.56

904,663,180. 54

July--------------------------AugustSeptember---------------------

8,313,500.00
3,995,700.00
*31,322,000.00

3,627,500.00
6,135,150.00
9,412,375.00

6,563,589.35
5,553,247.26
27,696,276.26

901,727,091. 19
902, 308,993.93
904,025,092.67

Total, third quarter-----

243,631, 200.00

19, 175,025.00

* 19,813, 112.87

904,025,092.67

1,587, 500.00
5,746,000.00
13,751,864.00

4,938,380.00
2,828,500.00
7,136,400.00

2,406,278.01
2,340,578. 18
* 14,695, 377.98

906,557, 194.66
907,045, 116.48
899,486, 138.50

14,903,280.00

* 19,442,234.17

899,486, 138.50.

1,040,973,339.23 || 4141,487,200.73

899,486, 138.50

21,085,364.00
Grand total.------------- 1,252,018, 189.00
LOANS O N

P RE F E R RE D ST O CK OF BAN KS A N D TR U ST COM PAN IES

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

$1,250,000.00
3,585,000.00
3,350,000.00
2,115,500.00
126,000.00
650,000.00
-

-

-

-

-

$250,000.00 -----------------1,000,000.00 l-----------------6,935,000.00
$4,685.00
40,000.00 l-----------------552.500.00 !-----------------176,000.00
50.00
575,000.00
31,930.00
545,000.00 !-----------------21,495.00
1,578,000.00
829,600.00
515.00

-

-

-

-

-

-

-

-

-

-

-

-

-

13,199,500.00

10,358, 100.00

58,675.00

1These figureshavebeenadjustedonaccountofrescissions.
* Re vi sed .

* Exclusive of repayments unallocated, pending advices, as of Dec. 31, 1935.

$250,000.00
1,250,000.00
8, 180,315.00
8,220,315.00
8,772, 815.00
8,948,765.00
9,491,835.00
9,470,340.00
10,299, 425.00
10,209,425.00

78

REPORT

OF

RECONSTRUCTION

FI NANC E CORPORATION

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Dec. 31, 1935, inclusive, by months and
classes—Continued
LOANS O N

PREFE RRed STOCK OF BANKS A N D Trust COMPANIES

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

Amoºthor Anºis.

Month

Amo unt repaid

z

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total, second quarter---July--------------------August-----------------------September--------------------Total, third quarter-----

$1,781,350.00
4,921,750.00
2665,500.00
531,500.00
993,400.00
1,123,500.00
434,450.00
279,200.00
407,525.00
509,850.00
91,000.00
265, 530.00

-$310,000.00
322,500.00
1,474,000.00
776,900.00
2,519,300.00
a536,575.00
819,850.00
253,000.00
314,500.00
421, 100.00
150,000.00
405, 500.00

* 12,004, 555.00

*8,303,225.00

296,300.00
156,750.00
73,500.00

Amount out

standing at
end of period

$166,125.00
8,911.11
59,448.17
268,249.50
143,717.31
225,525.15
212,588.00
24,029.15
30,996.51
54,444.04
56,215.95
,263.48
1,478,513.37

$10,443,300.00
10,756, 888-89
12, 171.440.72
12,680,091-22
15,055,673.91

657,400.00

153,068.62
144,234.83
26,983.31

17,482, 198.01
17,665,988.18
18,296,404.87

600.00

1,496, 555.00
62,000.00
260,000.00
161,000.00

324,286.76
64,631.50
403,340.27
28,106.00

18,296.404.87
18,293,773.37
18, 150,433. 10
18,283,327.10

179, 150.00

483,000.00

406,077.77

18,283,327.10

113,696.43
305,619.69
*59,953. 37

18, 169,630.67
18,034, 360.98
17,989, 407.61

526,550.00
41,900.00
124,650.00

511, 130.00
025.00

107,000.00 -----------------40,700.00
170,350.00
67,000.00
15,000.00
214,700.00

October----------------------November

December---------------------

15,366,723.76
15,973,985.76
16,202.956-61
16,486,460. 10
16,853, 116.06
16,946,900. 11
17, 124, 136.63
17,124, 136.63

185,350.00

-479,269.49

17.989,407.61

13,500.00
25,000.00
74,500.00

131,831.75
199,078. 18
445,217.98

17, 871,075.86
17.696,997.68
17,726,279.70

Total, fourth quarter----

55,000.00

113,000.00

•376,127.91

17,726, 279.70

Grand total.-------------

26,179,455.00

20,939,230.00

*3,212,950.30

17,726,279.70

SUBSCRIPTIONS F OR P R E F E R R E D S T O C K OF B A N K S A N D T R U S T C O M P A N I E S

[Under the actapproved Mar. 9, 1933, asamended]

$13,682,500.00
7,400,000.00
13,012,500.00
4,838,000.00
12,682,500.00
2,845,000.00
3,735,000.00
5,925,000.00
17,753,000.00
177,652, 100.00
259,525,600.00

$12,500,000.00 -----------------7,582,500.00 -----------------4,150,000.00
10,850,500.00
8.145,000.00
6,625,000.00
3,600,000.00
2,415,000.00
4,115,000.00
77,015, 116.67
136,998, 116.67
87,300.00

142,932, 100.00
51,865, 500.00
180,792,500.00
25,680,800.00
41,870, 500.00
27,998,820.00
12,983, 500.00
11,068,500.00
11,043,000.00
20,545,000.00
8,882,000.00
14,835,250.

94,669,500.00
29,933,000.00
97,479,690.00
39,203,685.00
19,601,755.00
*86,627,855.25
18,067,622.50
18,769,230.82
13,145,541.66
14,465,785.00
9,210,602.
15,823,541.50

*450,497,470.00

a456,997,809.23

$12,500,000.00
20,082,500.00
24,232,500.00
35,083,000.00
43,228,000.00
49,853,000.00
53,453,000.00
55,868,000.00
59,895,700.00
136,910,816.67
136,910,816.67

-

.92
.42
555.24
osº. 90
941.90
0.44-40
283.40

7,030,342.50

1 These figures have been adjusted on account of rescissions.
* Revised.

* Exclusive ofrepayments unallocated,pending advices,as of Dec.31, 1935.

586,878,283.40

REPORT

OF

TABLE 7.-Amount

RECONSTRUCTION

FINANCE

79

CORPORATION

%

authorizations, disbursements, repayments, and amounts
eb. 2, 1982, to Dec. 31, 1935, inclusive, by months and

outstanding from
classes—Continued
SUBSCRIPTIONS

FOR

PR EF ER RE D STOCK OF
C O MP A NI ES - Co n ti n ue d

Amoºthor Anºis.

Month

BANKS

AND

TRUST

Amount out

Am o un t repaid

standing at
end of period

1935

January----------------------February-March---

-

$13,030, 500.00
2,236,000.00
1,612,000.00

$13,944,430.00
24,207,700.00
7,823,260.00

$835,447.50
1,235,320.00
911,450.00

$599,987,265.90
622,959,645.90
629,871,455.90

Total, first quarter------

16,878, 500.00

45,975,390.00

2,982,217. 50

629,871,455.90

* 1,403, 500.00
5,065,000.00
25, 562,500.00

4,696, 500.00
4, 150,975.00
6,226,063. 33

483,700.00
1,992,850.00
586,400.00

634,084, 255.90
636,242,380.90
641,882,044.23

* 12,031,000.00

15,073,538.33

3,062,950. 00

641,882,044.23

7,027,500.00
3,114,000.00
*25,100,000.00

2,155,000.00
5,597,300.00
2,986,375.00

3,426,892.92
3,257,627. 57
22, 117,438.68

640,610,151.31
642,949, 823.74
643,818,760.06

135,241,500.00

10,738,675.00

*8,801,959.17

643,818,760.06

1,220,000.00
5,676,000.00
13,746,864.00

4,515,880.00
2,528,500.00
7,006,900.00

1,297,540.83
529,000.00
* 12,775, 160.00

647,037,099. 23
649,036,599. 23
643,268,339.23

Total, fourth quarter----

20,642,864.00

14,051,280.00

* 14,601,700.83

643,268,339.23

Grand total.-------------

794,816,934.00

679,834,809.23

436,566,470.00

643,268,339.23

PURCHASES

OF

CAPITAL

NOTES

OR
DEBENTURES
COMPANIES

OF

BANKS

AND

THUST

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

-

Total, second quarter----

-

-

$200,000.00 ------------------|------------------|-----------------$200,000.00 ----------$200,000.00
500,000.00
,000.00 ----------700,000.00
25,040,000.00 ------------------|----------700,000.00
71,590,000.00
40,040,000.00 ----------40,740,000.00
126,500, 900.00
76,250,000.00 -----------------116,990,000.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

223,830,900.00

116,990,000.00 ------------------

116,990,000.00

110,425,900.00
18,727,000.00
23,335,000.00
4,195,000.00
5,765,500.00
6,784,500.00
2,820,000.00
15,849,000.00
1,765,000.00
2,850,000.00
825,000.00
1,182,000.00

51,494,900.00 -----------------24,462,250.00
$50,000.00
29,085,650.00
20,000.00
23,716,500.00
40,000.00
25,871,500.00
10,000.00
24,871,000.00
1,161,000.00
2,547,000.00
54,097,500.00
7,125,000.00
2,419,500.00
12,430,000.00
1, 131,500.00
1,103,000.00
4,207,961,43
3,607, 500.00
720,000.00
2,042,500.00
1,507,500.00

168,484,900.00
192,897, 150.00
221,962,800.00
245,639,300.00
271,500,800.00
295, 210,800.00
243,660,300.00
248,365,800.00
259,664,300.00.
256, 559,338.57
259,446,838.57
259,981, 838.57

194,523,900.00

208,356,800.00

65,364,961.43

259, 981,838.57

1,832,500.00
143,500.00
1,402,000.00

1,005,000.00
2,600,000.00
675,000.00

4,477,238.57
3,831,500.00
1,287,500.00

256,509,600.00
255,278, 100.00
254,665,600.00

3,378,000.00

4,280,000.00

9,596,238.57

254,665,600.00

228,000.00
80,000.00
418,500.00

72,500.00
1,115,000.00
95,000.00

7,103,000.00
1,043,500.00
3,603,790.79

247,635,100.00
247,706,600.00
244,497,809.21

726,500.00

1,582,500.00

11,750,290.79

244,497,809. 21

1These figures have been adjusted on account ofrescissions.
* Revised.

* Exclusive of repayments unallocated, pending advices, as of Dec. 31, 1935.

80

REPORT

OF

RECONSTRUCTION

F INA NC E CORPORATION

TABLE 7–Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1982, to Dec. 31, 1935, inclusive, by months and
classes—Continued
PU RCHA SES OF CAPITAL NOTES O R D E B E N T U R E S OF B A NK S A N D T R U S T C O M
PA NIE S-C ont inue d

A m o u n t authorized i

Month

-

Am ou nt disbursed

Amount out

A m ou n t repaid

-

Standing
at
end
of period

$1,179,000.00
841,000.00
*6,155,000.00

$1,472,500.00
367,500.00
6,411,000.00

$3,023,000.00
1,990,000.00
25, 518,884.21

$242,947,309.21
241,324,809.21
242,216,925.00

Total, third quarter-----

18,175,000.00

8,251,000.00

* 10,531,884.21

242,216,925.00

October----------------------November-

312,500.00
70,000.00
5,000.00

409,000.00
275,000.00
55,000.00

976,905.43
1,612,500.00
* 1,875,000.00

241,649,019.57
240,311, 519.57
238,491,519.57

739,000.00

*4,464,405.43

238,491, 519.57

340, 199,300.00 | * 101,707,780.43

238,491,519.57

September

ecember---------------------

Total, fourth quarter----

387,500.00

Grand total.-------------

431,021,800.00

TOTAL, SEC. 5, TITLE I, O F T H E A G R I C U L T U R A L A D J U S T M E N T A C T O F 1933, AS
A MEND ED
o Secretary of Agriculture to acquire cotton]

3,300,000.00

TOTAL, SEC. 36, TITLE II, O F T H E E M E R G E N C Y F A R M M O R T G A G E A C T O F 1933, AS
AM END ED

[Drainage, levee,irrigation, and similar districts, etc.]
1933

October----------------------December--------------------Total--------------------

-

Total, second quarter...--

$388,489.21 ------------------------------------|-----------------*8,217,784.83
$2,413,955. 10 l-----------------$2,413,955. 10
*8,601,274.04
2,413,955.10 -----------------2,413,955. 10
10,709,445.40
3,962,782.73
5,963,426.75
1,001, 118.75
*7,495,576. 10
8,674,300.00
*5,383, 150.00
1,098,000.00
9,143,000.00
*818,000.00
*10,346,600.00
3,455,344.57
*68,050,744.30

2,413,955. 10
2,413,955. 10
2,524,898.44
2,642,898.44
4,156,097.43
4,636,392.17
8,165,000.82
9, 182,364.53
9,478,794.34
11,146,801.79
11,321,482.25
12,298,179.87
12,298, 179.87

9,884,268.86

44.09

1,043,000.00
1,462,200.00
495,000.00

3, 112,439.32
1,568,295.53
4,313,854. 15

1,000.00

15,409,619. 19
16,977,914. 72
21,291, 768.87

3,000, 200.00

8,994, 589.00

1,000.00

21,291,768.87

945,000.00
22,353, 500.00
* 5,739,000.00

2,243,299.68
28,000.00
2,307,790.81
1,780,896. 22 ||------------------

23,507,068.55
25,814,859.36

29,037,500.00

6,331,986.71

27, 595,755.58

28,000.00

1 These figures have been adjusted on account of rescissions.
* Revised.

*Exclusive ofrepayments unallocated, pending advices, as ofDec. 31, 1935,

27, 595, 755.58

REPORT

OF

RECONSTRUCTION

FINANCE

81

CORPORATION

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Dec. 31, 1935, inclusive, by months and
classes–Continued
TOTAL, SEC. 36, TITLE II, O F T H E E M E R G E N C Y F A R M M O R T G A G E A C T O F 1933,
AS AMENDED–Continued

[Drainage, levee,irrigation, and similar districts,etc.]
A mo u nt author-

M ont h

A m o u nt dis
bursed

ized 1

$961,000.00
1,746, 129.84
936,201.74

Am o un t out
standing
at
end
of period

A mo u nt repaid

-

$1,588,310.88
3,620,285.14
1,395,076.09

$2,827.88
11,500.00
9,600.00

$29, 181,238.58
32,790,023.72
34,175,499.81

3,643,331.58

6,603,672.11

23,927.88

34, 175,499.81

14,522,640.98
1,863,456.80
12,434,371. 14

8,910, 430.42
2,403, 206.94
4,561,621.67

428. 37
447.24

425,000.00

43,085,501.86
45,488,261.56
50,024,883.23

Total, fourth quarter----

28,820,468.92

15,875,259.03

*25,875.61

50,024,883.23

Grand total.-------------

121, 153,518.84

50, 103,730.81

* 78,847.58

50,024,883.23

T O T A L , A C T A P P R O V E D J U N E 10, 1933, A S A M E N D E D
1933

December---------------------

$4,375,000.00

$4,375,000.00 ------------------

4,375,000.00

4,375,000.00

4,375,000.00

4,250,000.00

4,375,000.00
15,875,000.00
15,875,000.00
15,785,000.00
25,885,000.00
30, 133,000.00

25,850,000.00

30, 133,000.00

1

25,850,000.00

$4,375,000.00

30,033,000.00
30,033,000.00
30, 183,000.00
30, 183,000.00
Grand total.-------------

30,375,000.00

30,375,000.00

*192,000.00

30, 183,000.00

LOANS O N P R E F E RR E D S TO CK OF INSURANCE COM PAN IES

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

$4,375,000.00

$4,375,000.00
4,375,000.00

4,375,000.00

$4,375,000.00
4,375,000.00

7,500,000.00 |-----------------4,000,000.00
11,500,000.00
3,500,000.00 l-----------------10,000,000.00
750,000.00

10,000,000.00
4,250,000.00

4,375,000.00
15,875,000.00
15,875,000.00
15,785,000.00
25,785,000.00
30,033,000.00

25,750,000.00

25,750,000.00

30,033,000.00

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

29,933,000.00
29,933,000.00
150,000.00

150,000.00
150,000.00 -

150,000.00
-

30,275,000.00

-

i

30,275,000.00

-

30,083,000.00
30,083,000.00
-

*192,000.00

t

1 These figures have been adjusted on account of rescissions,

*Exclusive of repayments unallocated, pending advices, as of Dec. 31, 1935.
55628–36—6

-

-

30,083,000.00

82

REPORT

OF

RECONSTRUCTION

F IN ANC E CORPORATION

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1938, to Dec. 31, 1935, inclusive, by months and
classes—Continued
SUBSCRIPTION F O R P R E F E R R E D S T O C K O F A N I N S U R A NC E C o M P A N Y

[Under the actapproved June 10, 1933,as amended]
A mo u nt authorized 1

Mo n th

-

Am o un t disbursed

Amount ou t

Am ou nt repaid

standing at
end of period
-

1934

August------------------------

$100,000.00

Grand total.-------------

100,000.00

$100,000.00 ||-----------------100,000.00

(4)

$100,000.00
100,000.00

T O T A L , A C T A P P R O V E D A P R . 13, 1934, A S A M E N D E D

[Loans tofinance the acquisition of property declared unsafe, or the repair of roperty damaged, by
reason offlood, danger of flood, earthquake, conflagration,tornado, or cyclone, in 1933,1934, 1935, and
1936]

January----------------------February

41,950.00
$175.00
20,950.00 ------------------

202,205.00
223, 155.00

March------------------------

000.00 ------------------

225, 155.00
225, 155.00

239,685.00
239,535,[H]
234, 335.00

234,335.00
484,335.00
1,234,085.00
Total, third quarter-----|------------------

1,000,000.00

October----------------------------------------------------------November--------------------150,000.00
3,000.00
December--------------------------------------18,385.00

250.00

1,234,085.00

1,420.00
300.00

(4)

1,232,665.00
1,235,365.00
1,253,750.00

Total, fourth quarter----

150,000.00

21,385.00

* 1,720.00

1,253,750.00

Grand total.-------------

2,300,000.00

1,261,715.00

*7,965.00

1,253,750.00

TOTAL, SEC. 14 O F T H E A C T A P P R O V E D J U N E 19, 1934, AS A M E N D E D
[Loans to borrowers engaged in the mining, milling, or smelting ofores)
1935

February---------------------arch-----------------------Total, first quarter-----April--------------------------

$168,000.00 ------------------------------------|-----------------440,000.00 ------------------|------------------|-----------------608,000.00 l------------------|------------------------------------

*y-------------------------June. -------------------------

3,000,000.00
600,000.00
541,000.00

Total, second quarter----

4,141,000.00

July--------------------------August-----------------------September-------------------Total, third quarter-----

1,380,000.00
348,000.00
545,000.00
2,273,000, 00

111,000.00 ------------------

65,000.00 ------------------

345,000.00
664,000.00
775,000.00

495,000.00 - --------------- --

775,000.00

-

1These figures have been adjusted on account of rescissions.
* Exclusive of repayments unallocated, pending advices, as of Dec. 31, 1935.

REPORT

OF

RECONSTRUCTION

FINANCE

83

CORPORATION

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Dec. 31, 1935, inclusive, by months and
classes—Continued
TOTAL, SF.C. 14 O F T H E A C T A P P R O V E D J U N E 19,1934, AS AMENDED–Continued
[Loans to borrowers engaged in the mining, milling, or smelting ofores)

Month

A m o u nt authorized 1

Amount-dis
bursed

Amount out

Am oun t repaid

standingat
end
of period

1935

October----------------------November-------------------December---------------------

$40,000.00
60,000.00
23,000.00

$58,000.00 -----------------12,000.00 -----------------87,000.00
()

$833,000.00
845,000.00
932,000.00

Total, fourth quarter----

123,000.00

157,000.00

(4)

932,000.00

Grand total.-------------

7,145,000.00

932,000.00

(*)

932,000.00

T O T A L , SEC. 16 O F T H E

ACT

A P P R O V E D J U N E 19, 1934, A S A M E N D E D
of
of teachers’ salaries due prior
une 1, 1934

[Loan to a public-school authority for º

*

fºrment

o

1934

August----------------------$22,500,000.00
$22,300,000.00 -----------------$22,300,000.00
I’ecember--------------------------------------------------------$22,300,000.00 -----------------Grand total.-------------

22,500,000.00

22,300,000.00

22,300,000.00 ------------------

1These figures have been adjusted on account of rescissions.

* Exclusive of repayments unallocated, pending advices, as of Dec. 31,1935.

TABLE 8.—Number of borrowers and amounts of loans authorized under sec. 5 of the

Reconstruction Finance Corporation Act, as amended 1, Feb. 2, 1932, to Dec. 31,
1935, inclusive, by size of cities or towns
BANKS A N D TRUST COMPANIES
Borrowers

Population ofcitiesortowns inwhich borrowers are located

N u m - |Percent
ber
oftotal

Authorizations

A mo u nt

Percent

of total

70.1
8.0
7.3
3.5
2.9
2.2
1.5
2.0
2.5

$323,750,200.82
124,797,479. 72
187,003,045.03
139,945, 566.48
276,652,977.
211,925,635.65
233,804, 656.33
430,723,976.51
465,521,391.46

13.5
5.2
7.8
5.8
11.6
8.9
9.8
18.0
19.4

100.0

2,394, 124,929.83

100.0

T O T A L , SEC. 5, R E C O N S T R U C T I O N F I N A N C E C O R P O R A T I O N A C T , A S A M E N D E D 1
5,484

60.8

704
745
427
389
277
364
3.18
306

7.8
8.3
4.8
4.3
3.1
4.0
3.5
3.4

$357,632,983.96
137,604,862. 52
,364,347.63
177,941,280.22
336,004,860.63
260, 171,459.65
387,364,036.83
609, 535, 534.22
673, 148,343.80

11.3
4.4
7.0
5. 6
10.6
8.2
12.3
19.3
21.3

9,014 || 100.0

3,159,767,709.46

100.0

1 Exclusive of railroads, regional agricultural credit corporations, Federal land banks, and Federal inter
mediate credit banks.

84

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86

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 10.-Loans authorized (and commitments outstandi as of Dec. 31, 1935)
inance
to industrial or commercial business under sec. 5d of the
Corporation Act, as amended (including purchases of participations, and agree

"...º.º.

ments to purchase participations, in loans), by size ofloans from June 19, 1934,
to Dec. 31, 1935, inclusive
-

Size of loan

$10,000 and under---------------------------------------$10,001 to $25,000, inclusive$25,001 to $50,000, inclusive$50,001 to $100,000, inclusive$100,001to $200,000, inclusive$200,001 to $400,000, inckusiveOver $400,000-------------Total---------------------------------------------

N um b er | Percent
of loans
of total

A m ou n t authorized

36.3

$3,499,632.48
6,215,224.99
12,769,100.00
17,951,820.27
18,185,595. 11
,353,234.00
28,305,000.00
107,279,606. 85

625
331
320
227
117
68
35

1,723

19.2
18.6

13.2
6.8
3.9

2.0

100.0

Percent
of total

3.3
5.8
11.9
16.7
16.9
19.0
26.4
100.0

TABLE 11.-Loans authorized (and commitments outstanding as of Dec. 31, 1935)
to industrial or commercial business under sec.5d of the econstruction Finance
Corporation Act, as amended (including purchases of participations, and agree
ments to purchase participations, in loans), by industries, from June 19, 1934,
to Dec. 31, 1935, inclusive
Nu mb er of Percent of
borrowers 1
total

Industry

Manufacturing:
Food and kindred products:
Dairy products-----Meat and poultry packin
Canning, preserving, packing (
vegetables)----

Total, food products--------------------

1.7

Am o un t au- | Percent
of total
thorized

27
32

2.0

$987,000.00
1,404,700.00

.9
1.3

28
15
24
16
15
43

1.7
.9
1.5
1.0
.9
2.6

775,000.00
304, 500.00
712, 100.00
839,500.00
757,200.00
1,297,700.00

-7
..3
.7
.8
.7
1.2

200

12.3

7,077,700.00

tº-fi

29
23.
13
37
13
21
22
8
38

1.8
1.4
.8
2.3
..8
1.3
1.3
.5
2.3

3,899, 183.34
3,588,000.00
2,555,000.00
2,423,000.00
6,240,300.00
834,000.00
216,000.00
200,500.00
1,611,950.00

3.5
3.3
2.4
2.3
5.8
..8

204

12.5

2 58
66
24
2 55
8
22

3.6

Textilesand their products:
Cotton goods----------------------------Woolen goods--Silk and rayon goodsKnit goods, hosiery--

Dyeing and finishing-------Men's clothing and furnishings.Women's clothing and furnishing
material, draperies.

Flºring

All other---------------------------------

Total, textileproducts-----------------Lumber and timber products:
Lumber---------------------------------Furniture-----

W ooden containers-Millwork, sash, doors, etc.---

Cooperage, and cooperage stock
All other---------------------------------

-2,
..2
1.5

21,567,933.34

20, 1

26,054,750.00
4.1
3,625, 100.00
1.5
1,205,450.00
3.4 || >2,320, 175.00
..5
287,500.00
1.3
807,700.00

5,6
3.4
1. i
2. 2
..3
.7

14.4 || 14,300,675.00

13.3

Total, lumber and timber products

233

Paper and alliedproducts (total)-------------

31

1.9

6,707, 850.00

6.3

37
21

2.3
1. 3

408,750.00
576,500.00

.4
.5

58

3.6

985,250.00

.9

15
32

.9
2.0

,500.00
1,448,800.00

.7
1.4

47

2.9

2,239,300.00

2.1

14

.9

I,438,500.00

1.3

Leather and its manufactures
Boots and shoes-------------------------All other---------------------------------

17
18

1.0
1.1

1,319,500.00
971,267.48

1.2
.9

Total, leather manufactures------------

35

2. 1

2,290,767.48

2-1

Printing and allied products: Book and job

h º

All other--------------------------

-

Total, printing and allied products--------Chemi
calandalliedproducts:Paints,varnishes,
and alliedproducts?--All other---------------------------

Total, chemical and allied products--------Rubber products (total)----------------------

See footnotes at end of table.

F I

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

87

TABLE 11.-Loans authorized (and commitments outstanding as of Dec. 31, 1935)
to industrial or commercial business under sec. 5d of the econstruction Finance
Corporation Act, as amended (including purchases of participations, and agree

ments to purchase participations, in loans), by industries, from June 19, 1934,
to Dec. 31, 1935, inclusive—Continued
Industry

Nu m be r of Percent of I Am ou nt au- || Percent
borrowers 1
total
thorized
of total

Manufacturing—Continued.
Stone, clay, and glass products:
Stone, granite, slate, etc.--------------------Sand, gravel--------------------------------Brick and tile, etc.--------------------------Concrete products--------------------------Limestone products------------------------Glass products-----------------------------Pottery-------------------------------------All other------------------------------------

127
9
38
7
9
7
9
10

Total, stone, clay, and glass products------

116

1.7 || 11,444,500.00
561,100.00
2,067,095.11
164,500.00
1,066,500.00
214,500.00
..6
763,600.00
..6
595,700.00

1.3
..5
1.9
.2
1.0
.2
.7
..6

7.2

6,877,495. 11

6.4

All other------------------------------------

28
26
17
11
21

1.7
1.6
1.0
,7
1.3

2,614,000.00
1,831,700.00
1,910,000.00
954,515.00
3,633,000.00

2.4
1.7
1.8
.9
3.4

Total, iron and steel and products--------

103

6.3

10,943,215.00

10.2

Metal stampings, stamped and enamel ware-All other------------------------------------

20
19
25

1.2
1.2
1.5

601,000.00
1,512,800.00
1,821, 500.00

1.4
1.7

3.9

3,935,300.00

3.7

Iron, steel, and their products (excluding m a
chinery):
Foundry products (castings, forgings, etc.)-and ornamental iron and steel---Stoves, ranges, and furnaces-----------------

§ §

Hardware, plumbing and supplies-----------

..6
2.3
.4
.6
.4

Nonferrous metals and their products:

Metal alloys and products (brass, bronze,
etc.)---------------------------------------

.6

Total, nonferrous metals and their products-

64

Machinery (excluding transportation equip
ment):
Agricultural implements--------------------Electrical machinery, apparatus, and s u p
plies--------------------------------------General machinery and equipment---------Machine tools------------------------------All other------------------------------------

9

..6

615,000.00

.6

19
26
12
42

1.2
1.6
..7
2.5

1,117,400.00
1,493, 100.00
,500.00
5,032,466.66

1.0
1.4
.6
4.7

Total, machinery--------------------------

108

6.6

8,950,466.66

8.3

Transportation equipment (automobile accesso
ries, etc.) (total)------------------------------Wholesale and retail trade:

40

2.5

4,576,500.00

4.3

Food products------------------------------Hardware, paints, etc.----------------------Petroleum products------------------------Grain and feed, fuel, ice, building materials,

27
11
14

1.7
.7
.9

461,600.00
149,450.00
357,700.00

.4
.1
.3

etc.----------------------------------------

All other------------------------------------

30
19

1.8
1.2

913,000.00
395,500.00

.9
.4

Total, wholesale trade---------------------

101

6.3

2,277,250.00

2.1

Food products------------------------------Hardware, paints, etc
Department stores------------General stores--------------Auto sales, service stations-----------------Grain and feed, fuel, ice, building materials,

13
7
13
14
20

..8
.4
..8
.9
1.2

38,550.00 ---------,650.00
..1
2,378,000.00
2.2
53,005.00
.1
180,250.00
.2

Wh oles ale trade:

Retail trade:

etc.----------------------------------------

31

All other------------------------------------

30

1.9
1.8

431,260.00
401,750.00

.4
.3

Total, retail trade------------------------All other:
Mining: *
Coal----------------------------------------All other----------------------------------------

128

7.8

3,549,465.00

3.3

17
10

1.0
..6

3,647,484.00
1,357,000.00

3.4
1.3

Total, mining-----------------------------

27

1.6

5,004, 484.00

4.7

Laundries, dry cleaning (total)-----------------Contracting, etc. (total)------------------------Not classified (total)----------------------------Grand total.-----------------------------------

28

1.7

740. 755.26

.7

1,250,300.00
3.6
2,566,400.00
100.0 | 107,279,606. 85

1.2

31
60

1,628

1.9

2.4
100. 0.

*Number of borrowers represents the number of applicants to whom loans have been authorized or

commitments made.
* Revised.

* Excludes mining loans authorized under sec. 14ofthe act approved June 19, 1934, as amended.

88
REPORT

OF

3$º
5 r-e
3 5s3 ad
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53 <=i-et

FINANCE

CORPORATION

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FINAN CE CORPORATION

89

90

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 13. Total authorizations; commitments outstanding (as of Dec. 31, 1935);
purchases of securities from Public Works Administration; and allocations to
other governmental agencies and for direct relief from Feb. 2, 1932, to Dec. 31,
1935, inclusive
A m o u n t of a u t h o r

izations,commit

lºts#
: Amount disbursed
ng,
purchases
jºculºsiºn.
Public Works
Administration,
a n d allocations

Loans and other authorizations--------------------------------Commitments outstanding as of Dec. 31, 1935-Purchases ofsecurities from Public Works Administration-

Commitment outstandingasofDec. 31,1935----------------Total.----------------------------------------------------Allocations:
Secretary of Agriculture for crop loans----------------------Capital of regional agricultural credit corporations (reallo
cated from amount originally allocated to Secretary of
Agriculture—includes $10,000,000 held in revolving fund)--Governor of Farm Credit Administration (reallocated from
amount originallyallocated to Secretary ofAgriculture).---Total originally allocated to Secretary of Agriculture for
crop loans----------------------------------------------Regional agricultural credit corporations for expenses prior
to M a y 27, 1933-------------------------------------------

$7,301,623,699.99
$5,536,657,753.58
273, 172,720.23 -------------------295,563, 510.01
293,948, 410.01
49,094,600.00 -------------------7,919,454, 530.23

5,830, 606, 163.59

115,000,000.00

115,000,000.00

44,500,000.00

44, 500,000.00

40,500,000.00

40,500,000.00

200,000,000.00

200,000,000.00

3,108,397.63

3,108,397.63

12,640,000.00

10,240,960.63

Regional agricultural credit corporations for expenses since
M a y 26, 1933----------------------------------------------

Secretaryofthe Treasury to payforcapital of Federal home
loan banks------------------------------------------------

124,741,000.00

94,395,700.00

*S-----------------------------------------------------

100,000,000.00

2,600,000.00

Land bank commissioner to make loans to farmers ($200,000,
000 original allocation reduced by reallocation to Federal
Farm
Corporation).-----------------------------

145,000,000.00

145,000,000.00

Land bank commissioner to make loans to joint-stock land

º

Federal Farm Mortgage Corporation tomake loanstofarm
ers (reallocated from $200,000,000 originally allocated to
land bank commissioner)----------------------------------

55,000,000.00

55,000,000.00

200,000,000.00

200,000,000.00

39,000,000.00

39,000,000.00

879,489,397.63

749,345,058.26

300,000,000.00
500,000,000.00

299,984,999.00
499,988,203.59

For directreliefunder Emergency ReliefAppropriation Act, 1935.

500,000,000.00
500,000,000.00

500,000,000.00
300,000,000.00

Total allocationsfor directreliefby direction ofCongress---

1,800,000,000.00

1,599.973,202.59

directrelief---------------------------------------------Interest on notes issued for funds for allocations and relief
advances------------------------------------------------------

2,679,489,397.63

2,349,318,260.85

17,889,932.90

17,410,245.40

Total.-----------------------------------------------------

2,697,379,330.53

2,366, 728,506.25

10,616,833,860.76

8, 197,334,569.84

SecretaryoftheTreasury topay forcapitalofHome Owners'
Loan Corporation-----------------------------------------

Federal Housing Administrator (amount stated is amount
disbursed; totalallocation not limited tospecificamount) -Total to other governmental agencies by direction of
ongreSS------------------------------------------------

For directreliefunder Emergency Reliefand ConstructionAct of
1932-----------------------------------------------------------

For directreliefunder Federal Emergency ReliefAct of1933-----For directreliefunder Emergency Appropriation Act, fiscalyear
year 1935------------------------------------------------------

Total allocations to other governmental agencies and for

Grand total ofauthorizations,commitments outstanding,
purchases of securities from Public Works Administra
tion, and allocations------------------------------------

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

91

TABLE 14.—Names and compensation of directors, officers, and employees of the
Reconstruction Finance Corporation receiving from the Corporation more than
$400 per month, as of Dec. 31, 1935
WASHINGTON

OFFICE
Salary

Name

Title

per

month

Jones, Jesse H-------------------- Chairman------------------------------------------------Fisher, Charles T., JrDirector_Henderson, Charles B.------------|-----d
erriam, C. B.-------Stephens, Hubert D.-Taber, Frederic H----------------|-----do---------------Talley, Lynn P--Alley, James B.-------------------| General counsel-----Cooksey, George R---------------| Secretary----Mulligan, H. A.--Fitts, William C.-Special counselTruitt, M a x O'Re
Solicitor-------Johnson, Ben----Schwulst, E. B.
Lindquist, R. J.
Barriger, J. W.,
Brownell, R. A.--McKee, John K.-- Chief, Examining Division--Husbands, Sam--- Assistant Chief, Examining D
Murchison, Frank
- Special representative-----------Hamilton, T.A.----- Special examiner--Persons, Henry ZExaminer---------------Taylor, R. J.---Assistant Chief, Agency D
Rlossner, H. J.-------------| Assistant Chief, Examining DivisionMandeville, Charles H. W.-------|-----do---------------------------McGrath, M. J.--------Slacks, John W _
Herson, James F-Administra
assistant-Dougherty, J. L.---Assistant general counselSnodgrass, Russell L------do---------------Clay, Cassius M---Durr, C. J.-----d
Schram, Emil
Thralls, JeromeGriffin, D. B. -Ribenack, W. C__
-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Hamilton, Claude E.,Jr.---------| Counsel.------------------------Laughlin, Reginald S-------------|-----

•Coit, Gladding B--Moore, Hilton M-----------------|-----d
Sullivan, William W--------------|----Costello, W . C.-----Baxter, Norman W Assistant to the directorsMacartney. Morton.-Chief engineer-------------Wilson, J. C.---------Assistant Chief, Examining
Corcoran, Thomas GOu nS ei --- -- -- -- --- -- -- -- --- -- -- Keenan, Frank J.----Financial adviser------Marfield, C. HowardAdministrative assistant----Shaver, Clem------Special assistant to the directo
Allen, Ronald H.-Assistant secretary--------------Elliott, David C__
Chief, Statistical and Economic D
Berrett, R. W . --Administrative assistant-----------------•Chadduck, Harry
Administrative assistant, Agency Division-Parks, Thomas E-----do-------------------------------Parrish, Joel R.--Assistant Chief, Examining Division
Examiner

$833.33
833.33
833.33
833.
833.33
833.33

1,041.67
1,041.67
833.33
833.33
833. 33
833.33
833.33
833. 33
833. 33
833.33
833. 33
833. 33
833.33
833.33
833.33
833. 33
800.00
791.67
791.67
791.67
791.67
791.67
750.00
750.00
750.00
750.00
750, 00
750.00
725.00
708.33
708.33
708.33
708.33
708.33
708.33
666.67
666.67
666.67
666.67
666.67
666.67
666. 67
625.00
625.00
625.00

625.00
625.00
625.00
625.00
625.00
625.00
625.00
625.00

625.00
Stroud, W . E.
Kuehl. Frank
Henry, John L.--

625.00
625.00

625.00

Sullivan, Harry

Assistant treasurer

Hobson, Alfred TKelley, Jerome TUnzicker, Willard
Satterfield, W . R-

Assistant secretary
Assistant treasure

-

-

Dodds, Chauncey Y--------

Assistan

-

Chief examiner, Drainage,

-

-

616.67
600.00
600.00
600.00
600.00
583.33
583.33
583.33
583.33
583.33
566.67

92

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 14.—Names and compensation of directors, officers, and employees of the

Reconstruction Finance Corporation receiving from the Corporation more than
$400 per month, as of Dec. 31, 1935–Continued
W A S H I N G T O N O FF I CE –C on ti n ue d
Salary
Name

Title

per

mon th

Rossman, Richard---------------Bassett, Albert EByrns, Miles J.---Davis, Thomas H--Armistead, Robert P-Boggs, Verner------Cloninger, C. W.
Greer, Frank H--Griffin, Charles N Howard, Ernest B
Jo
n, L. E.------Lawrence, Donald E------Lewis, Charles B.
O'Bleness, E. J.Reed, W . O
Seabury, R. M-- Seeley, Harold j.
Tonks, William
Toole, J. E.---Ward, MaxwellRowe, John A., J
Counsel
Grantham, J. P
Assistant chief auditor
Young, R.
Chief, recording section.
Biair.Smith.
Examiner
Mielenz, Louis M----------------|-----d o
Fort, James LCounsel---------Barnett, Frank
Assistant to Mr. H e
Hoeitzel, Lloyd 3.
- Assistant to Mr. Taber---Pegram, Thoma s E- Assistant to Mr. Stephens
Galt, Alexander B---------------- Assistant Secretary-----------Assistant to the Secretary----Assistant chief auditor------------------------------------

Chiefengineer, Drainage, Levee, and Irrigation Division-- Supervising accountant----------------------------------Chief, authorization-cancelation section.-- Special field representative------------Special representative------------Supervising engineer--------------

-

-

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

-

-

-

-

-

-

-

-

-

- -

-

-

- -

-

-

-

- -

-

-

-

- -

-

-

-

- -

-

-

-

- - - - - -

$566.67
562.50
562.50
562.50
541.67
541.67
541.67
541.67
541.67
541.67
541.67
541.67
541.67
541.67
541.67
541.67
541.67
541.67
541.67
541. 67
541.67

541.67
541.67
520.83
520.83

516.67
500.00
500.00
500.00

500,00
500.00
500.00
500.00
500.00

500.00
500.00

500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500. tº
500.00
500.00

500.00

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

5th).00
500.00
500.00

500.00
-

-

-

-

-

-

-

-

-

-

-

-

-

Strong, Albert L------------------|-----do---------------------------------------------------Talman, Carter------------------------do---------------------------------------------------Tigrett, A. K---------------------|-----do---------------------------------------------------Wadden, Thomas Ado----------------------------------------------------

Watts, Lawson.----

do----------------------------------------------------

Fstes, George L.-----------------------do---------------------------------------------------Julian C---do---------------------------------------------------House, Perry B------------------Schneider, John Thomas
Shields, Leighton-----------Glueck, Nathan H
Russell, Lewis

#.";

500.00
500.00
500.00
500.00
500.00
500.00
500.00
479.17
479.17
479.17
475.00
475.00
456.67

465.67
466.67

458.33
458.33
458.33
458.33
458.33
458.33
450.00

iefaccountant-

450.00

REPORT

OF RECONSTRUCTION

93

FIN ANC E CORPORATION

TABLE 14.—Names and compensation of directors, officers, and employees of the

Reconstruction Finance Corporation receiving from the Corporation more than
$400 per month, as of Dec. 31, 1985–Continued
W A S H I N G T O N OF FI CE –C on ti nu ed
Salary
Title

Name

per

month

Bladen, W . H.-------------------- Supervising accountant-------Wilson, Robert G.
ounsel---------------Joyce, Walter E-Administrative assistantRait, Donald M - Engineering examiner-Luther, ForrestAppraiser-------------Ward, Peter C-----Administrative assistantMcCarthy, Arthur F-------------| Counsel-----------------Rosenwald, Harold--------------------do--------------Wright, Charles M---------------|-----do----------------W. C----------------------do----------------Fletcher, Lloyd-------------------|-----do----------------Gale, George J--------------------|-----do----------------German, Charles Z---------------|-----do------------------Goodale, Robert C.---------------|-----do------------------Jennings, Clark W----------------|-----do----------------Barnes, Stuart K-----------------| Assistant counsel------Randolph, Hollins N.-------------| Attorney----------------Stewart, C. H--------------------|-----do------------------Robert, F. H.--Riddel, James L.------------------| Chie , interest section-----------------Collins, James H Shepard, G u y B-Coke, William H.
McGinty, W . G------------------| Field representative--------------------------------------Baden, James H---Dawson, Donald S--------------------do---------------------------------------------------Futterer, Charles-----------------|-----do----Henrich, William A--------------|-----do----Herrmann, Herbert J.-------------|-----do------Merritt, Arthur B----------------|-----do--------Pendleton, E d m u n d E-----------|-----do------------Rogers, Hatton B----------------|-----do----------tafford, D. N--------------------|-----do------------Willett, William E.---------------|-----do------------Williams, John F----------------------do--------------Easley, Robert J.------------------| Appraiser---------------------Mashburn, L. W----------------------do--------------------Parnell, Harvey------------------|-----do--------------------Ralls, Frank C-------------------|-----do--------------------Wagner, Walter D----------------|-----do--------------------Worthington, L. S.----------------|-----do--------------Coleman, John F--H a m m o n d , Alonzo J.--------------|----- 0 - - - - - - - - - - - - - - - - Hunter, Harry G----------------- Special engineer adviser----------------------------------- - - - - - - - - - - - - - - - - - - - - - - - - - -

-

-

-

-

-

-

-

# . "

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

$450.00
450.00
450.00
450.00
450.00
433.33
433.33
433. 33
433.33
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67

416.67
416.67
416.67

416.67
416.67
416.67
416.67

416.67
416.67
416.67
416.67
416.67

416.67
416.67
416.67
416.67
416.67
416.67

416.67
416.67
416.67

416.67
416.67
(i)
(*)
(3)

L O A N AGENCIES +
Atlanta, Ga.:
ocke, Erle------------------Chadwell, W . A.-------------Birmingham, Ala.:
Cottingham, T. J.------------Lapsley, John W-------------

*

Manager------------------Assistant manager----------------------------------------

$625.00

Manager--------------------------------------------------

600.00

Agency officecounsel-------------------------------------

500.00

M anager-------------------------------------------------Jones, Ralph B--Assistant manager
Hagerty, John J.--------------|----- 0 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - sºft. Wi
Chief examiner
Kaplan, Monroe-ne r- -- -- -- -- -- -- -- -- -- -- -Pheeny, Harold A.---do----------------------N.C.: Campbell, John I Manager--------------------------------------------------

833.33

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

º p he

artley, JoSeph P-------------

-

cºe.
., J.T

- - - - - - - - - -

Chicago, Ill.:
Gallagher, F. D.
Black, Craig OWalker, Lee-Ernst, D. W------------------

416.67

-

541.67
500.00
458.33
416.67
416.67

500.00
833. 33
625.00
708.33
625.00

! Employed on per-diem basis at $32.50per day. Compensation for October, $406.25.
* Employed on per-diem basis at $32.50 per day. Compensation for October, $422.50.
*Employed on r-diem basis at $25 per day. C o m nsation for October, $525.
matters of the various agencies of the corporation
* Except as her
indicated, attorneys handling l

do not receive salaries but are paid in the customary way according to the character and volume of the
work performed and therefore are not included.

94

REPORT

OF

RECONSTRUCTION

FINANCE

CORFORATION

TABLE 14.—Names and compensation of directors, officers, and employees of the
Reconstruction Finance Corporation receiving from the Corporation more than
$400 per month, as of Dec. 31, 1935–Continued
L O A N AGENCIES-Continued
Salary
Title

Name

per
month

Chicago, Ill.–Continued.

Fordyce, William C

$625.00

Examiner

Mattingly, B. Archibald--

Bullinger, R. A
Hoel, M .
G
,William F
Mudgett, C. F--------------Standish, M . L.--------------Townsend, Bruce-------------

waiters, Harold's III.

Gill, Charles R----------Tuohy, Arthur ----------Boysen, Louis K------------Cleveland, Ohio:
Callander, F. S.--------------- Manager-------------------------------------------------Davies, M . C----------------Wadsworth, J.L.------------Killpack, James M----------Dallas, Tex.; Andrews, Warren P- M
Detroit, Mich.:
Hewitt, Charles H-----------Nelson, Fred F--------------Massnick, Alfred W---------Houston, Tex.: Ford, R. F------Fla.: Farwell, Fred
-

-

*onville.

Kansas City, Mo.:
Hodges, Frank----------------|-----do-----------------------------------------------------

Powell, David H-------------| Assistant manager
Rice, Carl V------------------ Counsel---------

-

-

LittleRock, Ark., Jarrett,J.W---| Manager-------------------------------------------------Los Angeles, Calif.:
Scroggs, Thomas C-----------|-----do----------------------------------------------------Haight, Hector C------------- Assistant manager---------------------------------------Louisville, Ky.:
Abell,J. Fort----------------- Manager-------------------------------------------------Humphrey, Lovell M-------- Assistant manager---------------------------------------Minneapolis, Minn.:
Maynard, Ben C------------- Manager-------------------------------------------------Power, Geo. C---------------- Assistant manager---------------------------------------Nashville, Tenn.:
Gardenhire, J. M------------- Manager-------------------------------------------------Davis, Lee.------------------- Assistant manager----------------------------------------

525-0-2
6.25-0-0
500.00
500-od
500-on)
500.00
500.00
450.00
416.67
416.67

(*)
750.00
541.67
500.00
500.00
700.00
750. o n
416.67
500.00
500.00

500.00.
833.33.
416.67
600.00

500 tº
625.00.
416.67
479.17
416.67
625.00.
450-00
583.33
458.33
833.33
500.00
458.33
416.67
416.67
416.67

-

Smith, Frederick P--Weinstein, Walter HFarthing, William J.-Hannan, Edward A.-Tyree, Young-----Evarts, Effingham--

Summers, George---

Barrett. f.fr. º.

Boothe, David FReilly, Edward JStevens, Harry I-----Kavanagh, Thomas PLinn, Henry A.------Sen, Lê0-------

Cahill, William J.
larke, A. J., Jr.-J----------Cochrane,
City, Okla.: Eagen, J.

º

o lahoma
opºlº. Nebr.:

-

-

Daniel, Herbert

833.33
833.33
833-33
750.00
750.00
625.0)
541.67
500.00
500.00
500.00
500.00
500.00
483.33
458.33
45 - 3 3
4.33.33.
416.67
416.67
416.67
450.00
500.00

* Employed on per diem basis at $20 per day. Compensation for October $540, for November $480, for
December $500.

REPORT

OF

RECONSTRUCTION

FINANCE

95

CORPORATION

TA BL E 14.—Names and compensation of directors, officers, and employees of the
Reconstruction Finance Corporation receiving from the Corporation more than
$400 per month, as of Dec. 31, 1935—Continued
L O A N AG ENC IES .–Co nti nue d

Name

Salary

Title

pe r

month,

Philadelphia, Pa...:
Kiesling, Robert J.------------ Manager-------------------------------------------------Walton, Henry F., Jr.-Acting assistant manager-Thompson, John M Office attorney-----------Case, Willard L.--Examiner----------------retz, Arthur A--------------|-----do-------------------Portland, Oreg.: Slade, E. F.----- Manager-------------------------------------------------R ic hmo nd , Va.:
Gilmer, Henry G-------------|-----do---------------------------------------------------Staples, E
Assistant manager-Waters, W . Murray
Chief examiner

$833.33.
416.67
625.00,
500.00
441. 67
450.00.

Salt Lake City, Utah: Smith,

Manager--------------------------------------------------

500.
416.67
416.67
450.00

sººntonio.Tex.: Meerscheidt,

-----do----------------------------------------------------

500.00.

Elias A.

S a n Francisco, Calif.:
Calkins, A. A.----------------McCullough, John S., Jr.
Hossack, Harry F-----------St. Louis, Mo.:
Vardaman, James K., Jr.-----Keller, Harold L.--------------

d

750.00
500.00
500.00.

-

in
g

833.33
450.00

TABLE 15.-Statement of cash receipts and expenditures during thefourth quarter,
Oct.1, 1935, to Dec. 31, 1935, inclusive (Corporation's accounts with Treasurer of
United States)
Cash balance at the closeofbusiness Sept. 30, 1935, as per the books ofthe
treasurer of the Corporation----

$546,460. 30.

Add: Checks issued prior to Oct. 1, 1935, canceled subsequent toSept. 30,
$1,456.83

1935---------------------------------------------------------------------

Deduct: Corrections oferrors reported to the treasurer subsequent toSept.
30, 1935------------------------------------------------------------------

8,963.71
7,506.88

-

AdjustedcashbalanceatthecloseofbusinessSept.30,1935------------------------------Receipts:
Sale of notes----------------------------------------------------------- $529,507,166.67
Repayments on loans:

To banks and trustcompanies (including receivers)- $66,973,139.95
T o credit unions-----------------------------------

2,055.00

ceivers)------------------------------------------

1,497,733.87
10,513,075.45
11,200,247.43
225,930. 70
197,495. 12
8,818,641. 19
103,488.08
16,747,174.09

To insurance companies.
T o Federal land banks.-T o joint-stock land banks----

To livestock credit corporations-To mortgageloan companies----To agricultural credit corporations.
T o railroads----------------------------------------

To processorsor distributorsforpayment ofprocess

gtaxes-----------------------------------------

567.68

To State funds for insurance of deposits of public
628, 169.93
T o industrial and commercial business889,679.30
O n assets of closed banks, sec. 5e-------------- 7,216,848. 37
For self-liquidating projects (par$32,668,700)------- 32,667, 125.49
For
or reconstruction of property damaged by
earthquake, etc.:
Under sec. 201 (a), act of July 21, 1932, as
amended------------------------------------100,705.98
Under actofApr. 13, 1934,as amended--------1,720.00
noneys------------------------------------------

†.

For financingsaleofagriculturalsurplusesinforeign
markets------------------------------------------

273, 104.63

For financing the carrying and orderly marketing of
agricultural commodities and livestock produced
in the United States:

Commodity Credit Corporation

367,

ther------------------------------

:

47
-

To drainage, levee, and irrigationdistricts
Secured by preferred stock: Banks and trust co m

25,875.61

Panies--------------------------------------------

368,792.91
—

Preferred stock, capital note and debenture retirements.--------------Reliefdisbursements (1932act) repaid--------------------------------Capital reductions, regionalagricultural creditcorporations:----------

Sale ofSecurities purchased from Federal Emergency Administration of
Public Works
Interest and discount collected.----------------------------------------

159,092,547.51
15,036,341.75
472,350.00.
14,590,000.
27,211,039.61
13,770,154.72:

538,953.42

96

REPORT OF RECONSTRUCTION

F INAN CE CORPORATION

TABLE 15.-Statement of cash receipts and expenditures during thefourth quarter,
Oct.1,1935, to Dec. 31, 1935, inclusive(Corporation's accounts with Treasurer of
United States)—Continued
Receipts:—Continued
Dividends collected on preferred stock purchased (including interest on
interim receipts)--------------------------------Interest collected on capital notes and debentures
Accrued interest on notes sold-----------------------------------------

$138,027.99
611, 061.01

2,210.74

Deferred credits, premium on sale of securities purchased from other
governmental agencies---------------------------------------------Reimbursable expense collected
on advances for care and
Collections on collateral (cash collateral).
Liquidation of collateral purchased

991,099.26
470,755.08

§ º .

P r e m i u m on Securities sold---

Deposits with bids for purch
Remittances held in suspense
Unallocated, pending advices-Miscellaneous (including amounts credited in error)-------------------

27,926.37

Total.-------787,006, 200.76
Expenditures:
Retirement of notes--------------------------------------------------- $254,621,666.67
Loan disbursements:
T o banks and trust companies (includingreceivers)- $23,521,435.89
T o building and loan associations-----------------10,755.04
T o joint-stockland banks-------------------------150,000.00
T o livestock credit corporations-------------------163,865.88
T o mortgage loan companies----------------------- 5,303,820.50
T o railroads---------------------------------------94,252.00
480,369.77
To fishing industry-------------------------------T o industrial and commercial business------8,701,448.
T o mining, milling, and smelting business-157,
O n assets of closed banks, sec. 5e.------------747, 70
For self-liquidating projects (par $10,937,000).----- 10,843,76
For repair or reconstruction of property damaged by
earthquake, etc.:
-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

:

-

Under sec. 201 (a),act of July 21, 1932, as
amended------------------------------------Under act of Apr. 13, 1934, as amended--------For financing the
and orderly marketing

4,462.50
18,385.00

carrying

of agricultural commodities and livestock pro
duced in the United States:
Commodity Credit Corporation---------------- 9, 170,508.13
Other-----------------------------------------136,419.08
T o drainage, levee, and irrigation districts---------- 15,875,259.03
Secured by preferred stock, banks and trust c o m
panies
113,000.00
- - -

75,492,453. 13
Purchases of preferred stock, capital notes, and debentures, banks and
trust companies-----------------------------------------------------

Capital increasesregionalagricultural creditcorporations-------------Purchases of securities from Federal Emergency Administration of
Public Works------------------------------------------------------Withdrawal by Th e R F C Mortgage Co. of funds held for it----------Allocations to other governmental agencies:
T o Secretary of the Treasury for purchase of stock
of Federal home loan banks---------------------- $9,150,000.00
T o Federal Housing Administrator----------------- 5,000,000.00
For expenses regional agricultural credit corpora
tions (under Farm Credit Administration).------608,500.00
For expenses Federal Emergency ReliefAdministra
tion---------------------------------------------2,620.74

14,790,280.00
4,855,000.00
75,915,256.81
947,835.75

For relief under Emergency Relief Appropriation
Act, 1935----------------------------------------- 300,000,000.00
—
314,761, 120.
Advances for care and preservation of collateral-----------7
Collateral purchased.-------------------------------------------------Advances for care and preservation and expense of collateral purchased
Refund of interest and dividend overpayments------------------------ - - - - -

º:

†

Release ofcash collateral:-----------------------Discount rebates--------------------------------------Release of funds held in suspense
Interest on notes
Accrued interest on securities purchased
Furniture and fixtures-----------------------------------------------Expense:
General
-

-

36.

1,264,
1

pe

Miscellaneous (includingrefundsand adjustments foramounts credited
in error)

-

-

- - - - - -

445,738.
775,693,725.51

Cash balance at the close of business Dec. 31, 1935---------------------------------

11,312,475.25

NotE.-In addition tofunds on deposit with the Treasurer of the United States, custodian banks held
in suspense funds which amounted to $133,050.73 at the close ofbusiness Sept. 30,1935, and $227,519.30 at
the close of business Dec. 31, 1935.

REPORT

OF

RECONSTRUCTION

FINANCE

97

CORPORATION

T A B L E 16.-Statement of cash receipts and expenditures, Jan.
1935, inclusive (Corporation's accounts with Treasurer of

# 1935, to Dec. 31,
nited States)

C a s h balance at the close of business Dec. 31, 1934, as per the books of the treasurer of the
Corporation--------------------------------------------------------------------------Checks issued prior to Jan. 1, 1935, canceled subsequent to Dec. 31,
1934------------------------------------------------------------------$28, 119.83
A d d : Corrections of errors reported to the treasurer subsequent to Dec.
1, 1934---------------------------------------------------------------220,256. 10

Aºi,

$5,868,698.17

248,375.93
Adjusted cash balance at the close of business Dec. 31, 1934-----------------------------Receipts:
Sale of notes--------------------------------------------------------- $949,887,666.67
Repayments on loans:
T o banks and trust companies (including re
ceivers)--------------------------------------- $339,019,392. 57
T o credit unions-------------------------------76,429.
T o building and loan associations (including re
ceivers)--------------------------------------- 13,222,587.90
T o insurance companies-17,647,390.33
T o Federal land banks--33,197, 194.68
T o joint-stock land banks---4,306,893.79
T o livestock credit corporations.-627,775. 70
T o mortgage loan companies----52,912,092.96
T o agricultural credit corporations116,216.58
To railroads.------------------------------------ 20,616,405.25
T o processors or distributors for payment of proc
essing taxes----------------------------------1,467.68

To State funds forinsurance ofdepositsofpublic
InoneyS---------------------------------------

T o fishing industry-----------------T o industrial and commercial business.
O n assets ofclosed banks, sec. 5eFor self-liquidating projects
$35,726,700)----

P.

1,906,231.06
2,500.00
2,171,348.77
9,554,030.62
35,694,494.86

For repairorreconstructionofproperty damaged
by earthquake, etc.:
Under sec. 201 (a), act of July 21, 1932, as
amended.--------------------------------Under act of Apr. 13, 1934, as amended-----For financing sale of agricultural surpluses in
foreign markets------------------------For financing the carrying and orderly marketing
of agricultural commodities and livestock pro
duced in the United States:
-

-

-

-

-

-

271, 134. 57
7,965.00
839,687.77

Commodity Credit Corporation------------- 33,409, 522.35
Other--------------------------------------1,191,149.97
T o drainage, levee, and irrigation districts------78,803.49
Secured by preferred stock, insurance companies100,000.00
Secured by preferred stock, banks and trust
companies------------------------------------1,596,565.78
—
568, 567,280.82
Preferred stock, capital note, and debenture retirements.------------ 64,387,543.93
Reliefdisbursements (1932act) repaid------------------------------1,146,942.00
Capital reductions regional agricultural credit corporations---------19,030,000.00
Sale of securities purchased from Federal Emergency Administration
of Public Works--------------------------------------------------- 111, 125,779.54
Funds ofT he R F C Mortgage Co----------------------------------9,998, 500.00
Interest and discount collected.-------------------------------------- 59,114,954.79
Dividends collected on preferred stock purchased (including interest
on interim receipts)
- 20,608,692.87
Interest collected on capital notes and debentures
9,492,797.34
Accrued interest on notes sold
55,956.72
Premium on notes sold-----------------------------------------389,843.24
Deferred credits,premium on saleofsecuritiespurchased from ot
governmental agencies------Reimbursable expense collected
on advances for care and
of collateral
Collections on collateral (cash collateral)
Liquidation of collateral purchased
Premium on securities sold.----------------Deposits with bids for purchase of securities
Remittances held in suspense-Unallocated, pending advices---------------------Miscellaneous (including amounts credited in error)-----------------

Rºvatiºn

ã º .

-

2,699,448.36
1,443,194.01
1,421, 113.92
136,917.33
1,436,174.77
920,358. 12
36,000.00
35,652,721.37
7,918,607.53
706,715.57

Total----------------------------------------------------------------------------Expenditures:
Retirement of notes------------------------------------------------- $436,764,666.67
Loan disbursements:
T o banks and trust companies (including re
ceivers)---$107,071,006.87
T o credit unio
19,241.58
-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

ceivers)--------------------------------------T o insurance companies
T o joint-stock land banks----------------------55628–36

7

1,469,157.96
1,631.31
150,000.00

6,117,074.10

98

REPORT OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE_16.--Statement of cash,receipts and expenditures, Jan. 1, 1935, to Dec.31,
1935, inclusive(Corporation’s accounts with Treasurer of United States)—Con.
Expenditures—Continued.
Loan disbursements-Continued.
,865.88
23,070,609. 21
26,760.67
39,933,552.00
2,376,915.30
9,869.77
35,718,890. 52
2,000.00
11,774,404.48
59,723,889.95

T o mining, milling

ôn assetsofclosedbanks,sec.3 .

§.

For self-liquidating projects
$60,102,
----For repair or reconstruction ofproperty damaged
by earthquake, etc.:
Under sec. 201 (a), act of July 21, 1932, as

amanded
68,183.68
Under act of Apr. 13, 1934, as amended----1,101,285.00
For financing sale of agricultural surpluses in
foreign markets------------------------------25,343.69
For financingthecarryingand
marketing
of agricultural commodities and livestock
produced in the United States:
Commodity Credit Corporation---267,638,268.46
Other-------------------------5,253,213.47
To drainage, leyee, and irrigation distric
37,805, 506.85
Secured by preferred stock, insurance compan
150,000.00
Secured b y preferred stock, banks and trust
companies------------------------------------2,277,905.00
—
$597,421, 501.65

º

Purchasesofpreferredstock,capitalnotesand debentures,banks and
trust companies-------------------------Purchase of stock of The R F C Mortgage C
Capital increases, regional agricultural credit
Purchases of securities from Federal Emergency Adminis

100,691,383.33
10,000,000.00
9,030,000.00
263,721,733.77
955,835.75

Allocations to other governmental agencies:
T o Secretary of the Treasury for purchase of
stock of Federal h o m e loan b a n k s
--- $12,750,000.00
To Federal Housing Administrator--------14,000,000.00
For
agricultural credit corpora
tions (under Farm Credit Administration).---2,992,250.00

º

For expenses, Federal Emergency ReliefAdmin
istration--------------------------------------For relief:
T o States on certification of Federal E m e r
gency Relief Administrator---------------Under Emergency Appropriation Act, 1935-

20,705.81
398,085.00
30,000,000.00
300,000,000.00

Advances for care and preservation of collateral
Collateral purchased.-----------------------------------------------Advances for care and preservation and expense of collateral p u r
Ch as ed. -- --- --- -- --- -- --- -- --- -- --- --- -- --- -- --- -- --- -- --- --- -- --- -

Refund of interest and dividend overpayments-Release of cash collateral-------------------Interest on cash collateral to rediscounts--------Discount rebates and refund of unearned discount
Release of funds held in suspense---------------Interest on notes---------------------Accrued interest on securities purchased
Furniture and fixtures----------------------------------------------

* .

Reimbursable
Miscellaneous (including refunds and adjustments for amounts
credited in error)----------------------

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

360, 161,040.81
1,797,202.23
38,509.30
112,944.48
1,734,939.78
7,689.56
3,061. 17
14,601.98
7,988,625.
52,910,078.69
3,913,577.67
103,123.69
4,858,011.75
4,026,369.87
1,908,307.7
1,641,081.19
1,087,520.85

—$1,860,981,807.75
-

Cash balance at the close of business Dec. 31, 1935---------------------------------

11,312,475.25

Note.—In addition tofunds on depositwith theTreasurerofthe United States,custodian banksheldin
suspense funds which amounted to $44,523.27at the closeof business Dec. 31, 1934, and $227,519.30atthe
close of business Dec. 31, 1935.

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

99

TABLE 17.-Statement of cash receipts and expenditures Feb. 2, 1932, to Dec. 31,
1935, inclusive (Corporation's accounts with Treasurer of United States)
pts:

Sale ofcapitalstock----------------------------------------------- $500,000,000.00
Sale of notes
5, 114,324,333.34
Repayments on loans:
To banks and trust companies (including
receivers)--------------------------------- $1,537,778, 512.59
To credit unions---------------------------271,825.63
To building and loan associations (including
receivers)--------------------------------109,081,651.43
T o insurance companies
81,962,064.90
T o Federal land banks-------------1342,162,053.76
T o Federal intermediate credit banks9,242,975.63
To joint-stock land banks----------13,512,460.36
To livestock credit corporations12,114,955. 61
To mortgage loan companies---------------181,644,223.78
T o regional agricultural credit corporations-172,017,533.39
credit corporations---4,
954. 02
To other
T o railroads--------------------------------90,966,963.21
T o processors or distributors for payment of
processing taxes--------------------------14,718.06

ºfficultural

To State funds for insurance of deposits of
public moneys---------------------------To fishing industry----------------T o industrial and commercial business-O n assets of closed banks, sec. 5e------------Forself-liquidating projects (par. $44,417,800)-

9,985,827. 13
500.00

2,406,678. 55
10,562,230.03
44,363,108.86

For repairorreconstructionofpropertyd a m
aged by earthquake, etc.:
Under sec. 201 (a), act of July 21, 1932, as
amended------------------------------

Under actofApr. 13,1934,as amended-For financingsaleofagriculturalsurpluses in
foreign markets---------------------------

649,064. 11
7,965.00
6,197,625.82

For financing the carrying and orderly mar
keting of agricultural commodities and
livestock produced in the United States:

Commodity Credit Corporation--------Other-----------------------------------

288,090, 660.94
8, 197, 191.11

To Secretary of Agriculture (Agricultural
Adjustment Act)--------------------------

To drainage, levee,and irrigationdistricts--To public-school authorities----------------ed by preferred stock, insurance c o m
ies-------------------------------------

3,300,000.00
78,847.58
22,300,000.00
192,000.00

Secured by preferred stock, banks and trust
Co i n

eS--- ----- ----- ----- ----- ----- -----

3,212,950.30
2,955, 119,541.80

Preferred stock, capital note and debenture re

tirements-------------------------------------------------------

Reliefdisbursements (1932act)repaid----------------------------Capital reductions regional agricultural credit
corporations-----------------------------------------------------

Funds ofregionalagriculturalcreditcorporations-----------------Funds received from Secretary of Agriculture--------------------Sale of gold-------------------------------------------------------Sale of securities purchased from Federal Emergency Administra
tion of Public Works--------------------------------------------

Funds ofThe R F C Mortgage CoInterest and discount collected.-----------------------------,-------

138,274,250.43
3,358,351.00
36,955,000.00
36,800,000.00
20,000,000.00
131,977,955, 52
139,916, 152.00
9,998,500.00
208,593,405.30

Dividendscollectedon preferredstockpurchased (includinginterest
on interim receipts)--------------------------------------------Interest collected on capital notes and debentures----------------Accrued interest on notes sold.------------------------------------Premium on notes sold-------------------------------------------Deferred credits, premium on saleofsecurities purchased from other
governmental agencies-----------------------------------------Reimbursable expense collected.----------------------------------on advances for care and preservation of collateral---

§

.

Collectionson collateral (cash collateral)--------------------------

Liquidation of collateral purchased.-------------------------------Premium on securities sold.---------------------------------------Deposits with bids for purchase of Securities----------------------Remittances held in suspense------------------------------------Unallocated, pending advices------------------------------------Miscellaneous (including amounts credited in errorand remittances
not collected)---------------------------------------------------

29,995,400. 95
14,908,944. 76
533,265. 39
514,790.26
2,699,448.36
3,467,865.01
4,114,538.81
1,166, 582.74
2,143,078. 18
1,221,852.29
36,000.00

27,174,442.13
7,918, 607.53
3,371,434.66
$9,394,583,740.46

1Includes$193,618,000representingrefinancingofloanspreviously made by

the Corporation to Federal
land banks for different individual amounts, but in the same aggregate amount.

100

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 17.-Statement of cash receipts and expenditures Feb. 2, 1932, to Dec. 31,

1935, inclusive (Corporation's accounts with Treasurer of United States)—Con.
Expenditures:
Retirement of notes
$766,864,666.67
Redemption of notes series Feb. 1, 1934--------------------- 131,575,460.82
Expense shipment ofgold from foreign countries to United States-402, 512.00
Loan disbursements:
T o banks and trust companies (including
receivers)--------------------------------- $1,919, 183,805.93
To credit unions---------------------------600,095.79

To building and loan associations (including
receivers)--------------------------------T o insurance companies-T o Federal land banks----T o Federal intermediate credit banks
T o joint-stock land banks--------T o livestock credit corporations------------To
loan companies---------------T o regional agricultural credit corporations--

-

-

-

º

To other agricultural credit corporations---T o railroads--------------------------------T o processors or distributors for payment of
processing taxes--------------------------T o State funds for i
public moneys----T o fishing industry-------T o industrial and commerc
T o mining, milling, and smelting business-O n assets of closed banks, sec. 5e------------

Forself-liquidatingprojects(par$184,844,200).
For repair, or reconstruction of property
damaged by earthquake, etc.:
Under sec. 201 (a), act of July 21, 1932, as
amended-----------------------------Under actof Apr. 13, 1934, as amended---For financing sale of agricultural surpluses in
foreign markets--------------------------For financing the carrying and orderly m a r
keting of agricultural commodities and
livestock produced in the United States:
Commodity Credit Corporation--------Other----------------------------------T o Secretary of Agriculture (Agricultural
Adjustment Act)-------------------------T o drainage, levee,and irrigation districts--T o public-school authorities-----------------

116,441,250.50
89,519,494.76
1387,236,000.00
9,242,342.72
15,809,372.29
13, 101,598.69
310,959,920,40
168,009, 175.27
5,562,890.
487,216,824. 11
14,718.06
10,764,631.18
574,869.77
42,461,670.63
932,000.00
11,796,904.48

182,819,590.46

8,527,675.90
1,261,715.00
20,224,586.66

555,631,707.92
16,416,675.34
3,300,000.00
50, 103,730.81
22,300,000.00

Secured by preferred stock, insurance com
panies------------------------------------30,275,000.00
Secured by preferred stock, banks and trust
companies
20,939,230.00
—
4,501,227,477.61
Purchases of preferred stock, capital notes and debentures, banks
and trust companies---1,020,034, 109.23
Purchase of preferred stock, insurance company------100,000.00
Purchase ofstock of The R F C Mortgage Co-----------10,000,000.00
Capitalincreasesregionalagriculturalcreditcorporations----------26,955,000.00

Withdrawal by regional agricultural credit corporations of funds
held for them---------------------------------------------------

Purchasesofsecuritiesfrom Federal Emergency Administration of
Public Works--------------------------------------------------Withdrawal by The R F C Mortgage Co. offunds held for it--------Allocations to other governmental agencies:
To
of the Treasury for purchase of

36,800,000.00
293, 482,484.23
955,835.75

..ºry

s

ot:

Federal home loan banks---------------H o m e Owners' Loan CorporationT o Land Bank Commissioner--------------T o Federal Farm Mortgage Corporation----T o Federal Housing Administrator---------T o Governor ofFarm Credit AdministrationT o Secretary of Agriculture----------------For subscriptions to capital regional agricul
tural credit corporations------------------For expenses regional agricultural credit cor
porations, prior to M a y 27, 1933.----------For expenses regional agricultural credit cor
porations, since M a y 26, 1933 (under Farm
Credit Administration).------------------For Expenses Federal E m e
Relief A d
ministration-------------------------------

$94,395,700.00
200,000,000.00
147,600,000.00
55,000,000.00
39,000,000.00
40,500,000.00
135,000,000.00
44,500,000.00
3,109,380.85
10,275,960.63
384,074.72

1Includes$193,618,000representing refinancing of loans previously made by the Corporation toFederal
land banks for different individual amounts, but in the same aggregate amount.

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

101

TABLE 17.-Statement of cash receipts and expenditures Feb. 8, 1982, to Dec. 31,

1985, inclusive(Corporation's accounts with TreasurerofUnited States)—Con.
Expenditures–Continued.
Allocations to other governmental agencies-Continued.
For relief:
T o States and Territories directly by the
Corporation--------------------------- $299,984,999.00
T o States on certification of Federal
Emergency Relief Administrator-----499, 650,000.00
Under Emergency Appropriation Act,
1935----------------------------------500,000,000.00
Under Emergency Relief Appropriation
Act, 1935-----------------------------300,000,000.00
-

Advances for care and preservation of collateral
Collateral purchased.---------------------------------------------Advances for care and preservation and expense of collateral pu r
chased.--R e fu n d s of
rest and dividend overpaym
Release of cash collateral----------------------Interest on cash collateral to rediscounts-----------Discount rebates and refund of unearned discount---Release of funds held in suspense-------------------------

$2,369,400, 115.20
4,465,970.67
38,509.30

Interest o n notes----------------------

Accrued interest on securities purchase
Furniture and fixtures-------------------------------------------Expense:
General-------------------------------------------------------

Loan agency----------

Custodian----------Reimbursable expense
Miscellaneous (including refunds and adjustments for amounts
Credited in error and remittances not collected)------------------

239, 151.56
2,805,027.44
997,725, 51
19,765.69
552,800.80
15,235,709.00
153,810,656.94
5,757,674. 16
746,227.91
13,397,491.62
12,973,608.87
6,625, 179.20
4,131,727.35
3,676,377.68
$9,383,271,265.21

Cash balance at the close of business Dec. 31, 1935--------------------------------

11,312,475.25

NotE.-In addition tofunds on deposit with the Treasurer of the United States, custodian banks held
in suspense funds which amounted to $227,519.30 at the close of business Dec. 31, 1935.

TABLE 18.-Statement of condition ofthe Corporation as ofthe close of business, Dec.
r
Assets

Cash on deposit with Treasurer of United States---------------------------------------Funds held in suspense by custodian banks.-Petty cash funds, travel, and other advances.
Allocated for expenses regional agricultural credit corporations prior to M a y 27, 1933 1--Allocated for expenses regional agricultural credit corporations since M a y 26, 1933 (under
F a rm Credit Administration) -------------------------------------------------------Allocated for Federal Emergency Relief Administration (1933 Relief Act)---------------Allocated for Federal Emergency Relief Administration (under Emergency Appropria
tion Act of 1935) *--------------------------------------------------------------------Allocated under Emergency Relief Appropriation Act of 1935?--Allocated to Secretary of Treasury 4
Allocated to Secretary of Treasury 4--Allocated to Land Bank Commissioner"----------------------Allocated to Federal Farm Mortgage Corporation
Allocated to Federal Housing Administrator 7
Allocated to Secretary of Agriculture *----------------------------------Less
corporations----------------------

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reallocated to Governor of Farm Credit Administra
tion------------------------------------------------

,500,000.00
,500,000.00
85,000,000.00

§ :

Capital regional
credit corporations------------------------Allocated for revolving fund (capital regional agricultural credit corpo
rations)---------------------------------------------------------------

34,500,000.00
10,000,000.00

Allocated to Governor, Farm Credit Administration-----------------------------------Relief authorizations (1932 act):
Advances to governors of States and Territories:
Proceeds disbursed.---------------------Proceeds not yet disbursed

$11,312,475.25
227,519.30
19,560.74
3, 108,397.63
12,640,000.00
500,000,000 00

102

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 18.-Statement ofcondition ofthe Corporation as ofthecloseofbusiness, Dec.
31, 1935—Continued
ASSETS-continued
Interest on notes issued for funds for allocations and relief advances--------------------Advances to municipalities and political subdivisions, including Puerto Rico:
Proceeds disbursed (less repayments)
Proceeds not yet disbursed.---------------------------------------------------Loans under Sec. 5:
Proceeds disbursed (less repayments):
Banks and trust companies º-------$381,205,894.02
Credit unions--------------------------------------------------328,270. 16
Building and loan associations"--------------------------------7,359,334.63
Insurance companies-------------------------------------------6,460,456. 39
45,073,946.24
Federal land banks-----Joint-stock land banks
2,296,911.93
Livestock credit corporations-----------------------------------986,643.08
Mortgage loan companies"-------------------------------------- 128,215,376. 56
Agricultural credit corporations--------------------------------759,936.92
Railroads (including receivers)---------------------------------- 396, 249,860.90
State funds for insurance of deposits of public moneys----------778,804.05
Fishing industry-----------------------------------------------572,369.77
—
Proceeds not yet disbursed:
Banks and trust companies"------------------------------------ 106,812, 168.5
Building and loan associations---------------------------------110,550. 11
Insurance companies-------------------------------------------40,000.00
Mortgage loan companies'-------------------------------------- 104,118,206.92
Railroads (including receivers)---------------------------------190,748.00
Fishing industry-----------------------------------------------75,730.23
—
Loans to industrial and commercial business:
Proceeds disbursed (less repayments)----------------------------------------------Proceeds not yet disbursed.---------------------------------------------------------Loans to mining, milling, and smelting business:
Proceeds disbursed.-----------------------------------------------------------------Proceeds not yet disbursed.---------------------------------------------------------Loans on assets of closed banks, sec. 5e:
roceeds disbursed (less repayments)----------------------------------------------Proceeds not yet disbursed.----------------------------------------------------------

-

-

$17,889,932.90.
16,601, 130.00
15,000.00

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

970,287,804.65

211,347,403.78
40,055,337.28
39,423,466. 19
932,000.00
5,813,000.00
1,234,674.45
116,309.32

Loans and contractsforself-liquidatingprojects:
Proceeds disbursed (less repayments) (par $140,399,296.50)--------------------------Proceeds not yet disbursed (par $74,938,000)-------------------------

138,430,733.28
74, 130, 138.46

Loans for repairor reconstruction of property damaged by earthquake, etc.

º

Proceeds disbursed (less
Proceeds not yet disbursed.---------------------------------------------------------for financing sale of agricultural surpluses in foreign markets,
Loans under sec. 201
proceeds disbursed (less repayments)--------------------------------------------------

%

9,132,361.79
2,516,639. 35
14,026,960.84

Loans forfinancing the carrying and orderly marketing ofagricultural commodities and
livestock produced in the United States:
Proceeds disbursed (less repayments)----------------------------------------------Proceeds not yet disbursed.---------------------------------------------------------to drainage, levee, and irrigation districts:
Proceeds disbursed (less repayments)-----------------------------------------------Proceeds not yet disbursed.----------------------------------------------------------

275,760,531.21
255,085,596.80

ments)--------------------------------------------------------------------------------

Loans secured by preferred stock, banks and trust companies:
Proceeds disbursed (less repayments)----------------------------------------------Proceeds not yet disbursed.----------------------------------------------------------

Stock, mortgage companies, sec. 5c:
u rc ha se d.- -- -- -- -- --- -- -- -- -- -- --- -- -- -- -- -- --- -- -- -- -- --- -- -- -- -- -- --- -- -- -- -- --- -

Subscription authorized-------------------------------------------------------------

Preferredstock, banks and trust companies:
Purchased (less retirements)-------------------------------------------------------Subscriptions authorized-----------------------------------------------------Preferred stock, insurance
Purchased.-----------------------------------------

º :

Capital notesand debentures, banks and trustcompanies:
Purchased (lessretirements)-------------------------------------------------------Subscriptions authorized------------------------------------------------------------

Purchases ofsecuritiesfrom Federal Emergency Administration of Public Works:
Purchases consummated (less sales)------------------------------------------------Purchases authorized but not yet consummated.------------------------------------

Advances forcareand preservation of collateral:
Proceeds disbursed (less repayments)----------------------------------------------Proceeds not yet disbursed.----------------------------------------------------

Collateral purchased (costplus advances and expenses)
Accrued interest and dividends receivable----------------------------------------------Reimbursable expense------------------------------------------------------------------Furniture and fixtures------------------------------------------------------ $744, 559.02
Lessallowancesfor depreciation--------------------------------------------- 147,845.83
-

Miscellaneous disbursements------------------------------------------------------------

596,713. 19
434,385.94

Total----------------------------------------------------------------------------- 6,108,735,689.67
See footnotes at end of table.

REPORT

OF

RECONSTRUCTION

F IN ANC E CORPORATION

103

TABLE 18.-Statement of condition of the Corporation as of the close of business,
Dec. 31, 1935–Continued
LIABILITIES A N D CAPITAL

Payable on certificate of Federal Emergency Relief Administrator (1933 Relief Act)---Payable under Emergency Relief Appropriation Act of 1935 *---------------------------Payable to Secretary of the Treasury"-------------------------------------------------Payable to Land Bank Commissioner"------------------------------------------------Callable by Farm Credit Administration for expenses of regional agricultural credit cor
porations"---------------------------------------------------------------------------Payable for capital regional agricultural credit corporations
Liability for funds held as cash collateral-----------------------------------------------Liability for funds held for other agencies----------------------------------------------Proceeds not yet disbursed:
Relief authorizations (1932act)-----------------------------------------------------Loans under sec. 5-----------------------------------------------------------------Loans to industrial and commercial business-----Loans to mining, milling, and smelting business-Loans on assets of closed banks, sec. 5e-------------Loans and contracts for Self-liquidating projects------------------------------------Loans for repair or reconstruction of property damaged by earthquake, etc.---------Loans for financing the carrying and orderly marketing of agriculturai commodities
and livestock produced in the United States-------------------------------------Loans to drainage, levee, and irrigation districts------------------------------------Loans secured by preferred stock, banks and trust companies-----------------------Advances for care and preservation of collateral------------------------------------Subscription authorizations:
Stock, mortgage companies, sec. 5c---------------------------------------------Preferred stock, banks and trust companies-------------------------------------*
Capital notes and debentures, banks and trust companies---------------------Purchases of securities from Federal Emergency Administration of Public Works
authorized-----------------------------------------------------------------------Cash receipts not allocated pending advices--Miscellaneous liabilities (including suspense).-Liability for deposits with bids---------------Liability for funds held pending adjustment---Unearned discount---------------------------------------------------------------------Interest paid in advance---------------------Interest and dividend refunds and rebates payable
Interest accrued
Deferred credits:

$11,796.41
200,000,000.00
30,345,300.00
97,400,000.00

-

2,516,639.36
255,085,596.80
66,986,533.88
141,100.00
568,228.98
2,000,000.00
42,850,964.00
59,099,000.00
1,605,100.00
7,918,607. 53
11,938,771. 20
,000.
217.31

103,627.56
47,613. 53
178,775.97
9,693,354.04

Profitsfrom saleofsecuritiespurchased from other governmental agen
cles (net)------------------------------------------------------------ $2,668,212.27
Collections on collateral purchased.--- 1,043,855.18
Income on collateral purchased.---232,414.41
er -- -- -- --- -- -- -- --- -- -- -- -- --- -- -- -- --- -- -- -- -- --- -- -- -- --- -- -- -- 276,689
-

4,221, 170.92
Notes, series G, H, J, and K-4,347,459,666.67
Capital stock--------------500,000,000.00
Surplus Dec. 31, 1935---------------------------------------------------- $115,719,219.97
00
Reserve for self insurance----------------------------------------------125,
115,844,219.97
-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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-

-

-

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-

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-

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-

-

-

-

-

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Total.----------------------------------------------------------------------------- 6,108,735,689.67

1 Sec. 201 (e) ofthe Emergency Reliefand Construction Act of1932, provides that allexpenses incurred
in connection with the operation of the regional agricultural credit corporations shall be paid by the
Reconstruction Finance Corporation.
$15,748,397.63 for such expenses.

Under the provisions of this act the Corporation has allocated

*Title II of the “Emergency Appropriation Act, fiscalyear 1935”, approved June 19, 1934, provides:
*** *

* That not exceeding $500,000,000in the aggregate ofany savings or unobligated balances in funds of

theReconstruction FinanceCorporationma ,inthe discretionofthe President, be transferredand applied
to the purposes of the Federal Emergency Relief Act of 1933 and/or title II of the National Industrial

* Ininistration.
; Act, *

* *". Under thisact$500,000,000hasbeen transferredtotheFederal Emergency Relief

º

P º

* The Emergency Relief
Act of 1935,
Apr. 8, 1935, provides: “That in order to
provide relief, work relief, and to increase employment
providing for useful
there is hereby
appropriated, * * * to be used in the discretion and under the direction ofthe President, to be im me di
ately availableandtoremainavailableuntilJune30, 1937, * * * not exceeding $500,000,000in the aggre
gate ofany savings or unexpended balances in funds of the Reconstruction Finance Corporation; * * *.”
$300,000,000has been disbursed by the Corporation under these provisions ofthe act.
*Sec. 2 of the Reconstruction Finance Corporation Act, as amended, provides that “in order toenable the
Secretary ofthe Treasury to make payments upon stock of Federal home loan banks subscribed forby him

º ;

inaccordance with the Federal Home Loan Bank Act,thesum of$125,000,000orsomuch thereofasmay be

F º

necessary forsuch
ishereby allocatedand made available tothe Secretary ofthe Treasury - * *.”
T h e amount ofsuch stocksubscribed for by the Secretary of the Treasury is$124,741,000.
*Sec. 4 – b of the H o m e Owners’ Loan Act of 1933, provides that to enable the Secretary of the Treasury to

make payments forsubscriptions by him tothe capitalstock ofthe Home Owners' Loan Corporation the
Reconstruction Finance Corporation shall allocate and ma ke available to the Secretary of the Treasury the
s u m of$200,000,000orsomuch thereofas m a y be necessary. The amount ofsuch stock subscribed forby the

SecretaryoftheTreasury is$200,000,000and thisamount hasbeen paidtohim.
(Footnotes continued on next page)

104

REPORT

OF

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 18.-Statement of condition of the Corporation as of the close of business,
Dec. 31, 1985–Continued

*:::: Fa rm Mortgage Act of 1933, as amended, made $100,000,000 available to
the Farm Loan (now Land Bank).Commissioner for loans to joint-stock iand banks, of which $2,500,000
* Sec. 30 (a) of the

has been paid to him. Sec. 32 of the same act made $200,000,000 available to the Farm Loan (now L and
Bank) Commissioner for direct loans to farmers, of which $145,000,000 was paid to the Land B ank C o m
missioner and the remainder, $55,000,000, reallocated and paid to the Federal Farm Mortgage Corporation
under sec. 3 ofthe Federal Farm Mortgage Corporation Act.
7 Sec. 4 of the National Housing Act provides that “the Reconstruction Finance Corporation shall m a k e
available to the Administrator such funds as he m a y deem necessary.” Pursuant to this act $39,000,000
has been paid to the Federal Housing Administrator.
*Sec. 2 of the Reconstruction Finance Corporation Act, as amended, made available to the Secretary
of Agriculture $200,000,000. Of this amount $135,000,000 was paid to him of which $20,000,000 was returned
to the Corporation. Of the $85,000,000 then held by the Corporation, $44,500,000 was reallocated and dis

bursed as capital of the regionalagriculturalcreditcorporations(sec.201 (e) Emergency Relief and C o n
struction Act of 1932). The remainder, $40,500,000, was made available and has been paid to the Governor

;#.Farm CreditAdministration, pursuant tothe provisions of sec. 5 (a) (1) of the Farm Credit Act

o

-

* Loans under sec. 5 of the Reconstruction Finance Corporation Act, as amended, to aid in the reorgani
zation or liquidation of closed institutions have been authorized in the aggregate amount of$1,180,842,114.17
of which $209,098,586.09 has been canceled. After taking into consideration repayments of $621,162,590.06
items (9) of the balance sheet include the balance of $245,165,440.23 representing proceeds disbursed (less
repayments)and$105,415,397.79representingproceedsnot yet disbursed,exclusive ofa$25,000loan approved

in principle upon the performance ofspecified conditions.
10 Representsundisbursedportionofestimatedexpensesofthe RegionalAgriculturalCredit Corporations
-

for the fiscal year ending June 30, 1936.
In addition to loans and other authorizations reflected on the statement of condition, the Corporation
has
in principle, upon the performance of specified conditions, loans in the amount of $220,980,
739.82, purchases of preferred stock and debentures in the amount of $42,191,980.41, and purchase ofstock of
a
company in the amount of$10,000,000. T h e Corporation has also agreed to purchase from the
and accrued interest such part of securities
Federal Emergency Administration of Public Works at
havin
ar value of $49,094,600 as m a y be available for

# .

..";
* .

§

§ §

Under the provisionsofsec.5 (b) ofan act approved June 16,1934 (Public, No. 362,73d Cong.), the C o r
poration is required to purchase debentures or other obligations of the Federal Deposit Insurance Co r
poration,upon itsrequest,up tobut not exceeding$250,000,000. The Corporation has notbeen calledupon
to purchase any such obligations.
his statement of condition does not take into consideration expenditures incurred but not paid by the
Corporation at the close of business Dec. 31, 1935, nor income of Regional Agricultural Credit Corporations
whose capital stock was subscribed by the Corporation.

O