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RECONSTRUCTION FINANCE CORPORATION REPORT FOR
THE FOURTH QUARTER OF 1938

LETTER
l'RO:U:

THE CHAIRMAN OF THE RECONSTRUCTION FINANCE
CORPORATION
TRANSMITTING

A REPORT COVERING THE OPERATIONS OF THE RECONSTRUCTION

FINANCE CORPORATION FOR THE FOURTH QUARTER OF 1938,
AND FOR THE PERIOD FROM THE ORGANIZATION OF THE CORPORATION ON FEBRUARY 2, 1932, TO DECEMBER 31, 1938,
INCLUSIVE
MARCH

23, 1939.-Referred to the Committee on Banking and Currency and
ordered to be printed

RECONSTRUCTION FINANCE CORPORATION,

Washington, March 23, 1939.
Sm: Pursuant to the provisions of section 15 of the Reconstruction
Finance Corporation Act, as amended, the Reconstruction Finance
Corporation has the honor to submit the following report covering its
operations for the fourth quarter of 1938, and for the period from the
organization of the Corporation on February 2, 1932, to December 31,
1938, inclusive.
OPERATIONS-FOURTH QUARTER OF 1938

. During the fourth quarter of 1938, the operations of the Corporation were as follows:
Under section 5 of the Reconstruction Finance Corporation Act,
~amended, 38 loans were authorized, which, together with an increase
ma loan previously approved, aggre~ated $67,900,284.28, as follows:
$3b ,874,487.97 to 8.ld m the reorgamzation or liquidation of closed
. anks; $4,745,000 to building and loan associations; $400,000 to an
ID8urance company; $35,552,500 to mortgage loan companies; $353./374.36 to joint-stock land banks; and $22,974,921.95 to railroa<1s
136800-8&--1

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REPORT OF RECONSTRUCTION FINANCE CORPORATION '-

(including $g,1902,n21 :95' -to trust~es of a railroad and purchases qf
$6,500,000 of securities of railroads).
· _
Under section -mt'of.the Reconstruction Finance Corporation Act",
as amended, the Corporation made 830 authorizations to business.
enterprises. ,Thes~ alJ,thorizationE', together with increases in authorizations previdusly riiade, · ·aggregated $34,101,132.69, as follows:
Loans, $21,417,615.75; purchases of participations and agreements to
purchase participations, $12,683,516.94.
Under section 5d of the Reconstruction Finance Corporation Act,
as amended, 24 loans to public agencies to aid in financing projects
authorized under Federal, State, or municipal law were authorized,
which, together with increases in loans previously approved, aggregated $54,737,636.
Under section 5e of the Reconstruction Finance Corporation Act,
as amended, 3 loans on the assets of closed banks and trust companies
were authorized, which, together with an increase in a loan previously
approved, aggregated $75,727.
Under section 201 (d), title II, of the Emergency Relief and Construction Act of 1932, one loan to finance the carrying and orderly
marketing of agricultural commodities, in the amount of $60,000, was
authorized.
Under section 304, title III, of the act approved March 9, 1933, as
11mended, the Corporation authorized 11 subscriptions for preferred
stock of banks and trust companies, aggregating $22,715,300.
Under section 36, title II, of the Emergency Farm Mortgage
Act of 1933, as amended, 32 loans to or for the benefit of drainage,
levee, irrigation, and similar districts, etc., were authorized, which,
together with an increase in a loan previously approved, aggregated
$1,451,724.45.
Under the act approved June 10, 1933, as amended, one loan on the
preferred stock of an insurance company, in the amount of $100,000,
was authorized.
Under section 14 of the act approved June 19, 1934, as amended,
which empowers the Corporation to make mining loans, etc., two loans
aggregating $280,000, were authorized.
Under section 3 (a) of the Rural Electrification Act of 1936, as
amended, an increase in the amount of $30,000,000, in a loan previously
approved, was authorized.
Summarizing the foregoing, 942 authorizations were made during
the fourth quarter of 1938. These, together with increases in authorizations previously made, aggregated $211,421,802.42. Cancelations
or withdrawals of authorizations made during the fourth quarter and
previously, aggregated $15,850,895.85.
Disbursements during the fourth quarter of 1938 were $176,460,277 .82; and repayments, $69,222,752.28. The increase in the amount
outstanding on December 31, 1938, as compared with September 30,
1938, was $107,237,525.54.
OPERATIONS-FEBRUARY 2 1 19321 TO DECEMBER 31 1 1938 1 INCLUSIVE

During the entire period from the organization of the Corporation
on February 2, 1932, to December 31, 1938, inclusive, the following
were authorized:

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REPORT OF RECONSTRUCTION' FINANCE COHPORATION

3

Under section 5 of the Reconstruction Finance Corporation Act, as
amended, 19,661 loans to 9,136 institutions, aggregating $4,756,539,061.05, were authorized, as follows: $2,457,169,016.80, to 7,345 banks
and trust companies (including $1,122,405,863.15, to aid in the reorganization or liquidation of closed banks); $153,685,199.40, to 1,022
building and loan associations (including $25,141,957.84, to receivers
. of closed building and loan associations); $104,439,750.19, to 133 insurance, companies; $643,412,397.68, to 422 mortgage loan companies;
$642,967.80, to 7 credit unions; $399,636,000, to 12 Federal land banks
(including $193,618,000 representing refinancing of loans :previously
made by the Corporation to Federal land banks for different mdividual
amounts, but in the same aggregate amount); $29,035,359.13, to 27
joint-stock land banks; $9,250,000, to 8 Federal intermediate credit
banks; $6,120,867.59, to 20 agricultural credit corporations; $178,840,452.48 (rediscounts), to 12 regional agricultural credit corporations and
their branches; $14,511,327.88, to 19 livestock credit corporations;
$745,872,216.95, to 79 railroads (including $18,946,708, to railroad
receivers; $21,022,173.95, to trustees of railroads; and $5,000,000 representing guaranty of notes of a railroad); $26,089.27, to 7 processors
or distributors to pay processing taxes; $13,087,715.88, to a State fund
created for the purpose of insuring repayment of deposits of public
moneys; and $809,700, to 22 borrowers engaged in the fishing industry.
Under section 5c of the Reconstruction Finance Corporation Act,
as amended, five subscriptions for capital stock of three mortgage loan
companies aggregating $37,250,000, were authorized.
Under section 5d of the Reconstruction Finance Corporation Act,
as amended, 6,910 authorizations to 6,025 business enterprises, aggregating $291,006,942.49, were made as follows: Loans in the amount
of $225,445,750.19 (including $4,879,764.66 of participations sold, or
to be sold) to 4,793 businesses; purchases of participations and agreements to purchase participations in the amount of $65,561,192.30 in
loans to 1,232 businesses.
Under sootion 5d of the Reconstruction Finance Corporation Act,
as amended, 75 loans aggregating $90,755,127.81 to 62 public agencies
to aid in financing projects authorized under Federal, State, or municipal law, were authorized.
Under section 5e of the Reconstruction Finance Corporation Act, as
amended, 197 loans aggregating $89,045,555.98 on the assets of 188
closed banks and trust companies, were authorized.
Under the Emergency Relief and Construction Act of 1932, as
amended, 841 authorizations to 336 applicants, aggregating $2,484,687 ,852.85, were made as follows: Under section 1, title I, $300,000,000
was made available to 42 States and 2 Territories for purposes of relief
and work relief; under section 201 (a), title II, as amended, loans or
contracts aggregating $400,092,487.36 were authorized to 176 applicants for self-liquidating projects, and loans aggregating $10,450,232.20 were authorized to six applicants for financing the repair or
reconstruction of buildings damaged by earthquake, fire, tornado, or
cyclone in 1933; under section 201 (c), title II, loans aggregating
$83,370,955.22 were authorized to four applicants for the purpose of
financing sales in foreign markets of agricultural surpluses; and under
section 201 (d), title II, loans aggregating $1,690,774,178.07 were
authorized to 106 applicants to aid in financing the carrying and
orderly marketing of agricultural commodities and livestock, produced

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REPORT OF RECONSTRUCTION FINANCE CORPORATION

in the United States (including authorizations of $1,604,712,664.99 to
the Commodity Credit Corporation).
Under section 304, title III, of the act approved March 9, 1933,
as amended, 8,621 loans on and subscriptions for preferred stock, and
purchases of capital notes or debentures, of 6,846 banks and trust
companies, aggregating $1,320,780,214, were authorized, as follows:
1,120 loans secured by preferred stock of banks and trust companies,
$23,274,755; 4,369 subscriptions for preferred stock of banks and
trust companies, $863,968,484; and 3,1$2 purchases of capital notes
or debentures of banks and trust companies, $433,536,975.
Under section 5, title I, of the Agricultural Adjustment Act of 1933,
as amended, two loans to the Secretary of Agriculture to acquire
cotton, aggregating $23,500,000, were authorized. Of this amount
$20,200,000 was canceled.
Under section 36, title II, of the Emergency Farm Mortgage Act
of 1933, as amended, 1,046 loans to or for the benefit of 631 drainage,
levee, irrigation, and similar districts, etc., aggregating $141,485,052.48, were authorized.
Under section 1 of the act approved June 10, 1933, as amended,
1 subscription for, and 12 loans on, the preferred stock of 10 insurance
companies, aggregating $34,475,000, were authorized, as follows:
Loans secured by preferred stock of 9 insurance companies, $34,375,000;
and a subscription for preferred stock of 1 insurance company,
$100,000.

Under the act approved April 13, 1934, as amended, 705 loans to 667
borrowers to finance the repair of damage by earthquake, flood, or
other catastrophe, aggregating $5,734,288.75, were authorized.
Under section 14 of the act approved June 19, 1934, as amended,
143 loans to 125 borrowers engaged in the business of mining, milling,
or smelting of ores, etc., aggregating $12,635,500, were authorized.
Under section 16 of the act approved June 19, 1934, as amended,
one loan of $22,500,000 for the purpose of payment of teachers'
salaries was authorized. Of this amount $200,000 was canceled.
Under the act approved August 24, 1935, 28 loans to 26 tax-supported public-school districts or other similar p'ublic-school authorities
m charge of public schools, aggregating $2,006,800, were authorized.
Under section 3 (a) of the Rural Electrification Act of 1936, as
amended, one loan in the amount of $106,500,000, was authorized.
Summarizing the foregoing, authorizations aggregating $9,418,901,395.41 were made during the period from February 2, 1932, to
December 31, 1938, inclusive. Of this amount, $2,081,293,638.ii
was later withdrawn or canceled, and $6,975,302,522.18 was disbursed.
Repayments and other reductions amounted to $5,160,938,102.48,
of which $282,825,766.70 represents cancelation of the Corporation's
notes, pursuant to the provisions of the act approved February 24,
1938, equivalent to the balance of the amounts disbursed for relief
and work relief under title I of the Emergency Relief and Construction Act of 1932, as amended. This left $1,814,364,419.70 outstanding
on the books of the Corporation at the close of December 31, 1938.
In addition, the Corporation had outstanding on December 31,
1938, agreements to make authorizations, totaling $420,317,975,
upon the performance of specified conditions.

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REPORT OF RECONSTRVCTION FINANCE CORPORATION

5

PAYMENTS UNDER FEDERAL EMERGENCY RELIEF ACT OF 1938

Under section 2 (a) and section 6 of the Federal Emergency Relief
Act of 1933, the Corporation, during the fourth quarter of 1938, paid
$561.42 to the Federul Emergency Relief Admimstrator for expenses
necessary to carry out the provisions of that act, making a net total of
$349,010.22 so paid through December 31, 1938. Upon certification
of the Federal Emergency Relief Administrator, the Corporation,
under the provisions of the act mentioned, had made payments for
relief aggregating $499,650,000 through December 31, 1938.
SECURITIES PURCHASED FROM FEDERAL EMERGENCY ADMINISTRATION
OF PUBLIC WORKS

Under the Emergency Appropriation Act, fiscal year 1935, approved
June 19, 1934, the Corporation during the fourth quarter of 1938, approved increases aggregating $7,938,900, in the face amount of marketable securities previously authorized to be purchased from the
Federal Emergency Admimstration of Public Works, and canceled
$5,717,000 (face amount) of authorizations to purchase such securities, made during prior quarters.
From June 19, 1934, to December 31, 1938 inclusive, the Corporation purchased from the Federal Emergency Administration of Public
Works securities having a par value of $629,579,548.90. Of this
amount, securities having a par value of $435,023,296.22 were sold at
a premium of $12,768,774.47 (including securities having a par value
of $62,462,549.30 sold to issuers prior to maturity at a premium of
$326,540.64). Securities having a par value of $171,463,188.04 were
held at the close of business December 31, 1938. In addition, the
Corporation had agreed to purchase, to be held and collected or sold
at a later date, such part of securities having an aggregate par value of
$63,830,000 as the Federal Emergency Administration of Public
Works is in a position to deliver from time to time.
PAYMENTS TO THE FEDERAL HOUSING ADMINISTRATOR

Under section 4, title I, of the National Housing Act approved
June 27, 1934, the Corporation during the fourth quarter of 1938, paid
$1,000,000 to the Federal Housing Administrator. This made a total
of $67,021,074.55 so paid through December 31, 1938.
DISASTER LOAN CORPORATION

Under the act approved February 11, 1937, as amended, creating a
Disaster Loan Corporation with nonassessable capital stock, and empowering it to make such loans as it may determine to be necessary
or appropriate because of floods or other catastrophes in the years
1936, 1937, or 1938, the Corporation, during the fourth quarter of
1938, subscribed and paid for $2,000,000 of the capital stock of Disaster Loan Corporation. This made a total of $12,000,000 so subscribed and paid for through December 31, 1938.

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REPORT OF RECONSTRUCTIOX FINANCE CORPORATION
NOTES OF THE RECONSTRUCTION FINANCE CORPORATION

During the fourth quarter of 1938, the Corporation:
Authorized the issuance and the offering for sale by the Secretary
of the Treasury of $300,000,000 or thereabouts, of series P ½-percent
notes at par, and the purchase by him on behalf of the Corporation on
November 1, 1938, of the outstanding series K notes at par and accrued interest, maturing December 15, 1938, to the extent to which
the holders thereof subscribe to the issue of series P notes.
Authorized the issuance of not to exceed $1,500,000,000 series Q
notes for the purpose of retiring notes of series 0, in an amount equal
to the aggregate principal amount of series 0 notes outstanding at
the time of the exchange thereof, and for such additional amounts as
may be borrowed by the Corporation from time to time.
Sold $59,000,000 series 0-2 notes; $297,339,000 series P notes; and
$84,000,000 series Q-2 notes. The Corporation exchanged 5672,945,431.04 of series Q notes for a like amount of series 0 notes; canceled the authority to issue the unissued balance of the series 0
notes; and redeemed and canceled $298,892,666.67 series K notes.
In addition, pursuant to the provisions of the act approved February
24, 1938, the Secretary of the Treasury canceled the Corporation's
series 0-1 note to the extent of $1,039,684.55, and its series Q-1 note
to the extent of $2,149,376.87, such amounts being equal to disbursements by the Corporation during the fourth quarter of 1938, for
allocations to other governmental agencies.
, As of December 31, 1938, there were outstanding $1,263,775,054.17
of the Corporation's notes, as follows:
Series K_______________________________________
Series N _ ___ _ _ __ __ _ __ _ __ _ __ _ __ _ __ __ _ __ __ _ __ _ __ _
Series P _ ____ _ ___ _ __ _ __ __ _ ___ _ __ ___ _ _ __ ____ ____

$180,000.00
211, 460, 000. 00
297, 339, 000. 00

~:~::: 8=t====================================

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Total_ __________________________________ 1,263,775,054.17
TABLES

The following tables are attached:
Table 1. Aggregate loan and other authorizations, purchases of securities from
Public Works Administration, and allocations to other governmental a~encies,
by classes, from February 2, 1932, to December 31, 1938, inclusive, and commitments outstanding, by classes, as of December 31, 1938.
Table 2. Aggregate loan and other authorizations, by classes, during the fourih
quarter of 1938.
Table 3. Number of authorizations, and number of new borrowers, etc., to which
authorizations were made, by States, during the fourth quarter of 1938.
Table 4. Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, disbursements, and amount outstanding, from February 2, 1932, to December 31, 1935,
inclusive, by States.
Table 5. Loan and other authorizations, by character of loans, etc., from February
2, 1932, to December 31, 1938, inclusive.
Table 6. Amount of authorizations, disbursements, repayments and other redlletions, and amount outstanding from February 2, 1932, to December 31, 193$,
inclusive, by classes and months.

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REPORT OF RECONSTRl'CTION FINANCE CORPORATION
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7

Table 7. Loans to aid in the reorganization or liquidation of elosed banks and trust
companies from February 2, 1932, to December 31, 1938, inclusive, by States
(includes loans to receivers, liquidating agents, and conservators, and loans
through mortgage loan companies to aid in the reorganization or liquidation of
closed banks, under section 5 of the Reconstruction Finance Corporation Act,
as amended; and loans on the assets of closed banks and trust companies under
section 5e of the Reconstruction Finance Corporation Act, as amended).
Table 8. Loans on and purchases of preferred stock, and purchases of capital
notes or debentures, of banks and trust companies, disbursed from March 9,
1933, to December 31, 1938, inclusive; and outstanding as of December 31,
1938 (under sec. 304, title III, of the act approved March 9, 1933, as amended).
Table 9. Loans authorized (and commitments outstanding as of December 31,
1938) to business enterprises, from February 2, 1932, to December 31, 1938,
inclusive, by size of loans (includes loans and participations, and commitments
outstanding, under sec. 5d of the Reconstruction Finance Corporation Act, as
amended; loans to borrowers engaged in the fishing industry under sec. 5 of the
Reconstruction Finance Corporation Act, as amended; and loans to business
enterprises through banks and mortgage loan companies under sec. 5 of the
Reconstruction Finance Corporation Act, as amended).
· Table 10. Number of business borrowers to which authorizations were made; and
amounts authorized, etc., from February 2, 1932, to December 31, 1938, inclusive, by industries (includes loans and participations, and commitments outstanding, under sec. 5d of the Reconstruction Finance Corporation Act, as
amended; loans to borrowers enga11;ed in the fishing industry under sec. 5 of
the Reconstruction Finance Corporation Act, as amended; and loans to business enterprises through banks and mortgage loan companies under sec. 5 of
the Reconstruction Finance Corporation Act, as amended).
Table 11. Part /.-Loans on self-liquidating projects by types of project (under
sec. 201 (a), title II, of the Emergency Relief and Construction Act of 1932, as
amended) from July 21, 1932, to December 31, 1938, inclusive.
Part 1/.-Loans to public agencies to aid in financing projects authorized
under Federal, State, or municipal law by types of project (under sec. 5d of
the Reconstruction Finance Corporation Act, as amended) from April 13,
1938, to December 31, 1938, inclusive.
, Table 12. Number of borrowers and amounts of loans authorized under section 5
of the Reconstruction Finance Corporation Act, as amended, from February 2,
1932, to December 31, 1938, inclusive, by size of cities or towns.
Table 13. Names and compensation of directors, officers, and employees of the
Reconstruction Finance Corporation receiving from the Corporation more than
- $400 per month, as of December 31, 1938.
· Table 14. Statement of cash receipts and expenditures during the fourth quarter,
October 1 to December 31, 1938, inclusive (Corporation's accounts with Treasurer of United States).
Table 15. Statement of cash receipts and expenditures, January 1 to December
31, 1938, inclusive (Corporation's accounts with Treasurer of United States).
Table 16. Statement of cash receipts and expenditures, February 2, 1932, to
December 31, 1938, inclusive (Corporation's accounts with Treasurer of United
States).
Table 17. Statement of condition as of the close of business, December 31, 1938.

Respectfully,

JESSE H. JoNES, Chairman.
GEORGE R. COOKSEY,

Secretary.

The

SPEAKER OF THE

HousE

oF REPRESENTATIVES.

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!.-Aggregate loan and other authorizaliom, purcha8es of securities from Public Works Administration, and allocatiom to other governmental agencies, by classes.from Feb. e, 1932, lo Dec. St, 1938, inclusive, and commitments outstanding, by classes, as of Dec. 31, 1938

TABLE

00

PART I. LOAN AND OTHER AUTHORIZATIONS
Withdrawals or
cancelatlons

Authorizations
Loans under sec. 5 of the Reconstruction Finance Corporation Act, as
amended :
Banks and trust companies:
Recei\•ers, liquidating agents, and conservators......................
Otbcrs •. .............................................................

$1,122,405,863.15
I, 334,763,153. 65

Total, banks and trust companies•................................

2,457,169,016.80

Building and loan associations:

I~~:~~:

tr:~~~::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::

0

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(1)
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0

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$274, 551,740.36
196. 431,155.53

$836. 834. 584. ◄ 5
1. 138. 331,998.12

Outstanding as or
Dec. 31, 1938

Repayments and
other reductions 1

Disbursements

I

$793, 563, 085. 60
1. 059, 992, MO. 22

$43, 271, 498. 85
78,339,457.90

l. 975. 166. 582. 57 I====
I 1. 853. 555, 625. 82

121, 610, 956. 75
610, 760. 79
1, 364, 413. 97

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

470. 982. 805. 89 .

m::

2i: i~i: :~: ~~

2, 816, 900. 461
115,317,593.34

2, 206, 139. 67
113, 953, 179. 37

I

116., ...
lfi9,. 319. 04
...

I, 975,174. 76

87,606,004.91

2, 997, 204. 90

Total, ·building and loan associations...............................

153,685, 199.40

211, 025,705.60

IIR., ...
rn4., 49~.
RO
...
......

Insurance companies.....................................................

104,439, 750. 19

13,331,441.86

90. 693. 209. 81

Mortgage loan companies:
To aid in the reorganization or liquidation or closed banks .......... .
To business enterprises . .. .......................................... .
To The RFC Mortgage Co .....................................•....
To Federal National Mortgage Association ..•..•.•..................
Otbers . .......•.......••...•........•.......... . ...••••....... . ......

101, 209,520.82
82,337,124.05
119,474, 123,
18,264,602. 76
16, 422, 275. 00
10, 720, 430. 85
5, 701, 835. 15
4, 619. 170. 19
105,021,275.61 ••••••...•... ..•....
98, 786, 8t8. 81
69, 627, 942. 80
50,000,000.00 ....••...... .... ..••
38,710,064.01 ------------------ -841.
593. 890.16
352,494,723.49
102,329,569.08 -1 -241.
- -070.
--17- 1 -187.
- --

58 1

Total, mortgage loan companies....................................

643,412,397.68

Credit unions............................................................
Federal land banks......................... .............................
1oint•stock land banks........................... . .......................
Federal Intermediate credit banks.......................................
.Agricultural credit corporations..........................................
Regional agricultural credit corporations.................................
Livestock credit corporations... ................................. ........

131,314,611. 69

642,967.80
42,872.01
• 399,636,000.00
12,400,000.00
29,035,359. 13
6,816,014. 34
9, 250,000.00 •• .•••••.•.........
6,120,867.59
477,240.37
178,840,452. 48
6,596, 81 I. 76
14,511,327. 88
1,539, 7211. 19

ReUroads:
Receivers and truslees......... ... . ..................................

Othoni...............................................................

39,968,881.06

706,003,336.00

844,791.00
105, MS, 761. 80

Tnlal, rallroMIJ .... •••••.... ....•••.•.•. ...•••.•.......•..........

745,872, 21G. 06

JOO, 803,666, 80

I

-

I

I

I -

485.. 479.. 109. 96 Ij
600,095.79
• 387, 236, 000. 00
22, 402, 504. 87
9, 250, 000. 00
5,643,618.22
173, 243, 640. 72
12. 971. 598. r,g

... _.., _..... I=

18, 872, 396. 77
I , 082, 664. 96
29, 158, 906. 01
38,710,064.01
53,476,951.01

344.• 178, 127. 20

10,300,982. 76

409,721.21
• 387, 236, 000. 00
16,833,780.41
9, 250, 000. 00
5, 558, 762. 42
173, 243, 640. 72
12. 071. 608. 69

100,374.58

.., _..,

39,124,090. 951
686. 076. 670. 11

o. 712. 062. 20
182,294,612.06

ou. 100. Mt. oo I

189, OOG, 67◄ . 24

6, 568, 724. ffl

84,855.80

-------- ------ -- -- ------------·----·-··

I

82. 02, 028. 76
403, 681, 058. 06
430. 003. GSG. AI

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Processors, or distributors subject to processing taxes . ••. .• •. . .••• . •••• .
Stat e fu nds created !or th e pur pose ol insuring repayment ol deposits ol
public moneys ••••••• • •••. . ••••••••.•••. • •• . • •••••••••• •••... . •.•..•••

20, 0811. 27

11, 37i. 2i

14,718. 0G

14, 718. od

---------·-------- .-

13, 087, 715. 88

23,084. 70

13, 064, 631. 18

Borrowers engaged In the fishing industry •••• .•••••••••••• . •.••••••••••

809,700. 00

00,025. 00

719,675. 00

13,064,031.18

367,6Q7.0.

--·····-···--····--351, 1177. IHI

Total, sec. 5 of the R econstruction F inance Corporation Act, as
amended ........• •• •.••.•• . •• •.•• • ••.• • ••.••• . ... .. ....•• ••••• • .•.• •

4, 756, 639, 061. 05

117, o«, 368. 51

3, 919, 720,539. 73

a, 209, 630, 300. 116

710, 084, 238. 78

Subscri ptions !or stock ol mor tgage loan companies under sec. 5c ol the Re•
construction Finance Corporation Act, as amend ed:
The RFC Mortgage Co . . . ..• •• . • •• • •... • .•.. . ...• · -···· - ······· ··· --· ··
Federal National Mortgage Association .•• ••. ••••• • ••.• • •• ••• _. _•.. _•. • .
O thers __... _. -··-· · . ..• . _. _•• -· •• _.. • -·_. __ .... _.. .. . ... . •• -·· __ •. •.• -· .

25, 000, 000. 00
11,000,000. 00
1, 250, 000. 00

T otal, sec. 5c ol t he Recon stru ction F inance Cor poration Act, as!
amendod . __ . . • • .••••. ___ _. _... _. . _.... . •••• -· . • __ .. •• _. •.. -·. _•.• __ _

------------------.
-------------------I, 250, 000. 00

25, 000, 000. 00

-

37,250, 000. 00

I, 250,000. 00

,

000.
00
______11,
__ 000,
______
_____

36, 000, 000. 00

A uth or izatious under sec. 5d ol th e Reconstruction Finance Cor poration

25, 000, 000. 00
- -- ----------------~
11, 000, 000. 00
--------------------------------------- ------·------------- 0
"".l
36, 000, 000. 00
-------------------~
l:'j

0

Act., as amended:

Au tbori,.ations
t o bus___________
iness en terprises:
1,oans ____________
___________ _________ _____ __ . ___ __ ___ ___ _
P urchase of participations._-· - -- · ---- - · -···· · ·- - -··- -- · -····-···-- Agreements to purchase participations •.• - - · · ······ ··- · -·-·-· ·· ··· · ·

0

cg:N.
(1)
Q_

~

CJ
0

~

~

~~

0

1

225,445, 760. Ill
I 22, 495, 899. 69
1 43, 06.'i, 2112. HI

55, 596, 892. 3fl
6, 807, 352. 89
7, 857, 856.00

37, 962, 552. 81
4, 623, 023. 71
106, 033. 81

137,631,956. 36
II, 891, 080. 36
1,015, 159. M

1111, 569, 403. 55
7, :ies, 056. 65
IIOO, 125. 83

0
r:n
'"3

z

~

C1

Total, a uth orizations t o business enter pr ises under sec. 5d ol the
Recons tru ction F in ance Cor por ation Act , as amended .... . -- · ·Loans to public bodies under sec. 5d of t he R econstruct ion F in ance Cor
poration Act, as amonded·- · ·· · .. -·-·· -·· ·-·· .. -·- · · ·· -·· -· ·- -·· · __ ___

21H, 006, 942. 49

70, 262, 101. 25

150,438, 196. 36

42, 691,610. 33

107, 746, 586. 03

0

90, 755, 127. 81

7,560,000. 00

25, 661, 053. 73

18, 859, 561. Q2

6, 801, 491.81

0

T otal, sec. 5d ol t he R econstruction F inance Corporation Act, as
amended·-·· · ···· ····-·-·- · --·-·-·· ·· ··-· - ·- - --· ·· -·--·- ·-· · · ···

381,762, 070. 30

77, 822, 101.25

176, 099, 250. 09

61, 551,172. 25

114,548, 077. 84

"".l
.....

Loa ns on th e assets ol closed ban ks and t rust com panies unde r sec. 5e or the
R econs truction Finan ce Cor poration Act , as amended._-··---- -- · - ·······

89, 045, 555. 98

33, 899, 536. 27

45, 208, 693. 22

41, 353, 226. 52

3,855, 4M. 70

11>-

400, 092, 487. 36

31,841, 243. 14

317, 389,641.28

137, 287,959. IHI

180, 101, 681. 32

10, 450, 232. 20
83, 370, 955. 22

1,921, 124. 10
33, I 46, 368. 56

8, 5211, I 08. 10
40, 224, 586. 66

7, 740, 654. 61
20, 177, 690. 67

788, 451. 49
20, 046, 895. gg

I, 004, 712,664. 99
86,061,513. 08

836, 995, 702. 78
66,367,021.30

767, 716,962. 21
19, 557,491. 78

707,716, 962. 21
18, 861, 606. 84

-. -. ------------- -695, 884. 94

I, 690, 774, 178. 07

903, 302, 724. 08

787,274, 453. 99

786, 578, 569. 05

695,884. 94

299, 984., WQ . 00

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

I, 251, 769, 873. 211

201, 632, 915. 74

Aut hor izations under the Emergency Relic! and Constru ction Act or 1932
as amended:
Loans on self-liquidating p rojects, sec. 201 (a) , t itle IL_ ···· ·- ··- ·····-· Loans for financing r epair ol damage by earth (J uake, fl.re, t ornado, or
cyclone in 1933, sec. 20 1 (a) (6), ti tle IL ·- - - - -· ···-----··----- ·- ---·--·
L oans !or financ ing expor ts ol a gricultura l s ur pluses , sec. 201 (c) , title I
Loans !or fin ancing of agricul tural com mod ities an d livest ock, sec. 201 (d)
ti tle II :
Commod ity C rod it Cor poration __.·· · · - ·· -· · · - · - · - -·- · ·-· - ···- - -- · ·
O t hers . __ .... _. ... .. _-· . . __. __- · · -· . ••• __. . •. . . •• _•....•• -· -· .. _. _.
T ot al, sec. 201 (d) , title IL

I.- ·-·· ·· -

300, 000, 000. 00

15, 001.00

299, 984, 999. 00

2, 484.. 687, 852. 85

970, 286, 460. 88

I, 453,402,789. 03

eee footnotes at end ol table.

z

z
z
0

l:'j

T ot11J, E mergency R elief an d Construction Act of 1932 " ' a rnenrlerl. ••.

Amounts m ade arniiahle for relief and work relief, sec. I, tit le

'"3
.....

=

=

I

0
0

~

'ti
0

~.....

0

z

cc

TABLE

!.-Aggregate loan and other authorizations, purchases of securities from Public Works Administration, and allocations to other govern-

mental agencies, by classes, from Feb. 2, 1932, to Dec. 31, 1938, inclusive, and commitments outstanding, by classes, as of Dec. 31, 1938Continued
PART I, LOAN AND OTHER AUTHORIZATIONS-Continued

'Withdrawals or
cancolations

Authorizations

$23,274, io5. 00
863,968,484.00
433,536,975.00

$0, 126. 02r.. 00
73,9 18,027. 44
90,549,500.00

T otal, sec. 304, title III ol the act approved Mar. 9, 1933, as amended.. .

I, 320,780,214.00

169,593,552.44

.

.

Aut h onzat,ons under sec. 1 or the act approved June 10, 1933, as amended:

23. 500. ooo. oo I

20. 200. ooo. oo

;;a·

0.

~

(;
0

~

~

t._'%j

"d

0

$10,803,625.80
332, 18 I, 505. 40
214,594,371. 77
l , - - - - - - - 1 -- - -- - 1, 146,414, 161. 56
557,579,503.03
$1 ~- 148, 730. 00
785,277, 956. 56
342,987,475.00

I

II

3, 300, 000. 00

!

~
t._'%j

~

00

1-'3

7,238,581.91
34, 375,000. 00
00
34,375,000.
100,000.00 --- --------------100,000.00 .....•........ •..... 1
I
-------I
7,238,581.91
34,475,000.00 ..................... 1 - 134,475,000.00

C!

I

II
22,600,000. 00 I
=I
I

12,635,600.00

I

II=======

I

ii=====

4, 146, 700. 00

7,292, 000. 00

I

22, 300, 000. 00
200, 000. 00 Il=======I

1

l====-s==x

1, Oll7, sno.

oo

....--3
z

0

I

I

~

0

Loans to or for the benefit or drainage, levee, irrigation, and similar districts
under sec. 36, title II of the Emergency Farm Mortgage Act or 1933, as
3, 074, 051. 90
441.33 ====~===I===~=~==
= ===
= 111,
20,419,977.891= =84,
141 ,485,052.481
amended ..•.••.••.•••••.•••.•.............•.•...... ..........•..•.......•.. ,
Loans to finance tho repair or damage by eartbquake, fl ood, or other catas•
trophe in 1933, 1934, 1935, and 1936, under tbe act ap proved Apr. 13, 1934, as
amended:
891,372. 75
820, 590.00
1,711,962. 75
To business enterprises................................ ....... .. ...... ...
2, 582, 574. 47
1, 397, 751. 53
4, 022, 326. 00
To others............ .................... . .... ...................... .....
1-------1-------1-------·l-------11------3,473,947. 22
2,218, 341. 53
5,734,288.76
Total, act approved Apr. 13, 1934, as amended........ ............ ......
Loans to borrowers engaged In the mining, milling, or smelting or ores, under
sec. 14 or the act approved I une 19, 1934, as amended .••.•.•.••••••••••...••
,ao to a publlo-school authority for paymen t of tenchers' salnrlos duo prior
to June 1, 1934, under soc. 16 or the act approved June 19, 1034, as amended.I
LoaDI to or tor tho oone0t or tax-supported publlc•sehool dlstrlrl4 or other
similar pulillMchool 11utborltlPJ In charae or puhllo achoolff uodcr the not
'
•111,rovllli Au~. 24, .,...

;l

3, 300, 000. 00

I

0

Disbursomonts

1··•··•··············1

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

(1)

l:O
Outstanding as ol
Dec. 31, 1938

Repayments and
other reductions

I
======1====== ======
1=====1=====1=
I
I

. .............
companies...........
insurance
stock olstock
Loans on preferred
company................
or an 10surance
on !or preferred
Suhscnpt1

-g:

0

~

Anthorirntions under sec. 304, title HT, of the act approved Mar. 9, 1933, as
amended:
Loans on preferred stock of hauks and trust companies...................
Subscri ptions for preferred stock of banks and trust companies.. ... ... ...
Purchases of capital notes or debentures or banks and trust companies. ..
Loans under sec. 6, title I of tbe Agricultural Adjustment Act of 1933, as
amended ... ...... ...... ...... .. .... . ......................... .. .........•..

-

l 4U, (JOO, 00

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z

0

t.".l

0

0

~

g
....~

0

:,-:

Loan to Rural EJectritlcation Adinfnfstratton. under the act approved May
20. 11130, aa amended ____________________________ ........... _____________________

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

I

I

100. 600. 000. 00 ----------- ---------

g, 418, IKll, 3116. 41

ll, 081, :1113, 1138. 77
------

I

46,500,000.00

,I

e, g75, 302,622. 18

•

2. 4 ~

6, 1w, 938,102.48

\

46. 497,674 . 61

1,814, 3114, 419. 10

-

~
t.>-::1

PART 11.-PURCHASEB OF SECURITIES FROM PUBLIC WORKS ADMINISTRATION

"tl

Amount or purchases authorized

Grand total, Part . IL .•••.•••......•.......•..•••••••••••••...•••••.•.•••.•..

$663, an, :ll9. 49

Amount or repayments and other
reductions (I)

Amount disbursed
Amount with•
\purch&.!ed)
drawn or canceled
$5, 706, 000. 00

$453,471,172.41

$593, 665, 209. 49

Amount out5tandIng as or J)ec. 31,
11138
$BO, 194, 037. 08

0

~

H

0
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~

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PART UL-ALLOCATIONS TO OTHER OOVF.HNMENTAL AOENCIF.S

0
Amount allocated I Amount disbursed

0

~
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Q_

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0

~

~

Allocations:
Secretary or Agriculture for crop loans .•.....•• .• ••. •• ••.••• •.•••.•.• •.••.•.......•..••.•.•.•...••••................ .•...•.•••.•.....•.
Ospital or regional Agricu ltural Credit Corporations(reallocated from amount originally allocated to Secretary or Agriculture; includes
$39,500,000 held in re volvin g fund) .. •.• .....•...... ....•....... .....•.•.......•.......••••••.•..•..•••.•.....••..• •••..•...• ••..•.••.
Governor ol Fann Credit Administration (reallocated from amount originally reallocated to Secretary or Agriculture) .•..•..••••••.. ••
Total , originally allocated to Secretary or Agriculture ror crop loans . ............•.......•. .••••••.•••.••...•..•.•••••• •••••... •.•.•..
Regional agricu ltural credit corporations for e,penses prior to May 27, 1933 .•...•.............. . ..................•......... • .•...•... .
Regional agricultural credit corporations !or expenses since May 26, 1933 • . . •••.... •.. .... . . .. .•...•.......••.•......••••.•.•••.......•.
Secretary or the Treasury to pay for capital or Federal home loan banks .........•.•...••.....•••..•..•......•. . ................•.....•
Land Dank Commissioner to make loans to Joint•stock land banks . . ...•........ . ....•• •••..••••.•.•••••••.•••.•.•••••••.•••....••••••.
Land Dank Commissioner to make loans to !armers ($200,000,000 original allocation reduced hy reallocation to Federal Farm Mortgage
Corporation) ..•••.......... .. ..............................•.•...••. •.................... ........•.................................
Federal Farm Mortgage Corporation to make loans to farmers (reallocated from $200,000,000 originally allocated to Land Dank Com•
missioner) ..•................... ....... . ..................•••••••••••.•.•...... . ... . .........................• ..................... .
Secretary or the Treasur y to pay for capital o( Il omo Owners' Loan Corporation ........•......•..•.......•.................... ........
J,'ederai llousing Administrator (amount stated is amount disbursed; total allocation not limited to specific amount) •..............•..
Commodity Credit Corporation. purchnse of stock .•.••.•.•....... ....... . ......•....••.....••. •••••••.•...•....•.••..••.•.. . .. . ..••..
Disaster Loan Corporation, purchase or stock (amount stated ls amount disbursed; the corporation is required to purchase stock upon
request or tho Disaster Loan Corporation up to but not 81ceeding $20,000,000)-..................................................... .
Total to other governmental agencies by direction or Congress •• •...•..••••••.•••..• •.•.•.•••.•.•...•.•.........••..••.••••... .... ·
See footnotes at end or table,

H
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C

(j

$115,000,000.00

$Ii 5,000, 000. 00

44 ,500.000. 00
40, 500, 000. 00

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

0

200,000.000. 00
3, 108, 278. 64

"'l
....,

-200, 000. 000. 00

3. 108. 2i8. 6-1
14,211,500.00
124., 74 1,000.00

100, 000, 000. 00
145,000. 000. 00

I

z

w

-

n

rn. 489, 002.
121 , 741,000.00
1

2, 600. 000. 00

145, 000, 000. 00

H

~

~
~
~

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tlj

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0

55. 000. 000. 00
200,000,000.00

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

67. 021. 071. 55
97, 000, 000. 00

67,021,074.65
97, 000, 000. 00

12,000.000. 00

12, 000, 000. 00

0
l:::l

919,969.956. 11
I, 018, 081, ~53. 10 I=======

1-'3

._,l:::l
>

....
0
z

I-"
I-"

I.-Aggregau loan and other authorizatiom, purchases of ,ecurities from Public Works Administration, and allocations to other flooertlmental agencies, by classes, from Feb. e, 19:'Jt, to D,c. 81, 1938, inclusi11e, and commitment. outstandit&{I, b1! classes, as of Dec. St, 1938Continued

TABL.l!l

I-'
l,j

PART III.-ALLOCATIONB TO OTHER GOVERNMENTAL AGENCIES-Continued

Amount allocated I Amount dlabUl'llld
A llocations-Contin ned.

For direct relief under Federal Emergency Relief Act of 1933...........................................................................
For direct relief under Emergency Appropriation Act, fiscal year 1935..................................................................
For direct relief under Emergency Relief Appropriation Act, 1935.......•. ······································;······················
Total allocations for direct relief by direction of Congress............................................................................

Total allocations to other governmental agencies and for direct relieL.. ..••.••••••..•••••••.•••.•••••.•••.••.••••••••••••••.••••••••.
Administrative expense:_
Regional agricultural credit corporations..............................................................................................
Under sec. 1, title I, of the Emergency Relief and Construction Act 0!1932, as amended...............................................
Interest on notes issued for funds for allocations and relief advances........................................................................
Grand total, Part Ill (allocations to other governmental agencies)...................................................................

$000,000,000. 00
000, 000, 000. 00
000,000,000. 00

11 $499, 11119, 010. 22

11 1,000,000,000.00

111,499, 1199, 010. 22

2,518,081,863. UI

2, 4111, 1158, 1166. 33

000, 000,000. 00
000,000,000.00

114, 1121. 13

114, 1121. 13

126,871.86
33, 177, 4111. 82

--------2,551, 501,
1111
Ollli.

126,871.86
33,177, 4111. 82

---

2,453, 378, 17V. U

0

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(1)
Q_

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0

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e=i::::,.

if~~l;."::'do.. ... ......... ........ ...... ..... ... ...... ... ............. .... ...... ................ .. .... ........ .... .. .. .... ... .. ... .. ...... .. ..... ...

Mor{lfi'!rili~
115, 000, 000
Others.........................................................................................................................................................
8, IIOO, 000
Railroads.... . . . . . .. . . . . . . . • . . . . . . . .. . .•. • . . . • . . . . . . . . . . . . . . . . . . . . . • . . •• ••• . •••••. •• . • . •• . . •• ••••••• .• •• . • .•••• •• . •••••••• ••••. •••••••••. ••••• ••.• •• •••••• •••• •••••• 100, 828, 176
Under sec. 6d of the Reconstruction Finance Corporation Act, as amend.ed:_
Loans to business enterprises...................................................................................................................................... 47, li02, 000
Purch11Ses of participations in loans to business enterprises......................................................................................................... 16, Olli, 000
.... greements to purchase participations In loans to business enterprises.............................................................................................. 13,-. 000
Loans to public bodies.·-···.......................................................................................................................................
1115, 000
I.nan to Commodity Credit Corporation, under sec. 201 (d) of the Emergency Relief and Construction Act of 1932, u amended-...................................... 1ao, 000,000
Und~·~r!~t1g;~re~!:r1:,~
4S, OOO
8ub9crlptlom for prererred stock of banks and trust companies.....................................................................................................
7115, 000
Sublcrlptlon (or creferred fttock ol tbe Export.Import Bank.-..................................................................................................... 26,000,000
. _ ! ' ~ h ~ 'r'P ~
or debentures or a bank-................................................................................................................
2,150,000
~ roran ... _, on d t ct, under the Emel'lll!noy Jl'ann Mortna Act of 1m, u amaded...........................................................................
1,800,000
npalr of propeny damapd by llood or other oatutroplie~ under tbe act approftd A.pr, 11, 19", u
800,000
Orr.ad tol•I, Parl lV (oomrnllmeolaoulJltandlns u or n.c,_ 11, 111311) .••••••.••••.••••••••••.•••••..••••••.•••.•.•.•••••••••••••••••••••••••••••••••••••••••••••••-W,ffl

°il*

. . . foulno..._ el end uf lehla.

-D~.. ................................................

~

~

a

i

00

i
0

Under sec. 5 of the Reconstruction Finance Corporation Act, as amended:
outafandit111
Bank and trust company..........................................................................................................................................
$148,800

~~f ~~~vg~~-.~: ~~~~ .~ ~~~~~~:::............. ... ......... ...... ... ... ... ..... ... ... ... ..... .......... ........ ..................

~

t::a

PART IV.-COMMITMENTS OUTSTANDING AB OF DEC. 31, 1938
(Conditional agreements to make loans, or other authorizations, upon the performance of specified conditions)

~

l,:j

z
....l",j

i
a

j

!

•

i,;

t:IUMMARY OF TABLE 1

Amount or IIU•
thorizations, al-

locations, and
commitment s
outstanding

0

cg:N.
(1)
Q_

~

CJ
0

~

~

Part I. Loan and other authorizations •..• •• . .....• ••••. •. •...•..••••.•••••••
Part II. Purchases of securities from Public Works Administration ••..•.••..
Part III. Allocations to other governmental agencies ..•••..••••..••.••••••••.

$9, 418, 001, 395. 41

Total .•••••••••.•.•..•.• •··• • •·•••••·••• •··••····•···••·•··•·••·•· •••• •
Part IV. Commitments outstanding•.• ••• •.•••••••.•••••••••••..••••••••.. •.

12. 633 603, 670. 89
420,317, 975.00

Grand total ••••••••••..•••••.•• ••....••.•..•••...••••••••••• ••...••.•..

13, 053, 921, 645. 89

663, 201, 209. 49
2. 5/il, 601, 066. 119

• Exclusive of repayments unallocated, pending advices, as ol Dec. 31, 1938.
• Includes $167,600 authorized throug,b ban ks and trust companies to business enter•
prises, ol which $52,838.66 was withdrawn or canceled, and $114,661.35 was disbursed
and repaid.
• Includes $193,618,000 representing refinancing of loans previously made by the Cor•
l)Oratlon to Federal land banks lbr different Individual amounts but In the same afjgl'egate
amount.
• Including $4,879,764.66 representing sales ol partlcipetlons authorl•ed to banks, etc.
• In addition, $9,377,1119.5/i was taken by banks, etc., In loans In which the Corporation
authorized purchases ol participations.
• In addition, $23,021,770.62 was taken by banks, etc., In loans In which the Corporation
authorized agreements to purchase participations.
'Includes $17,159,232.30 rEpresenting repayments and other reductions by States and
political subdivisions; and $282,825,766.70 representing cancelatlon ol the Corporation's
notes, pursuant to the provisions ol the act approved Feb. 24, 11IB8, equivalent to the
balance ol the amounts disbursed.
• Of this amount, $282,825,766.70 represents cancelatlon or the Corporation's notes,
pursuant to the provisions ol the act approved Feb. 24, 1938, eq uivalent to the balance of
the amounts disbursed !or relief and work relief under title I of the Emergency Relief
and Construction Act of 1932, as amended.

Amount or wltb•

drawals or can-

celatlons

Amount or dis•
bursements

Amount or repey.
men ts and other
reductions •

Amount outstand•
Ing as or Dec. 31,
1938

~

"ti
0
$2. 081, ~. 638. 77

5, 706,000.00
97, 400,000.00

$G, 975. 302, 522. 18

593, M.'I, 209. 49

I

$6, ll!O, 1138, 102. 48
463,471,172.41
2, 463, 378. 179. 13

$1, 814, 3M, 419. 70
HO, 194, 037. (Ml

~

8, 067, 787, 454. 02

1, 9M, MS, 466. 78

Q

------------·------- ~
8, 067, 787, 45(. 02
2, 184, 3119, 638. 77
10, oz.I, 345, 910. 80
1, 9M, MS, 456. 78
~
-- ------------------ -------------------- -------------------------------------·--- tzj
2, 184, 3119, 638. 77

II 2, 453, 378,

179. 13

10,022, 345,910. 80

II

• The remaining $97,400,000 authorized to the Land Bank Commissioner to make Joana
to Jolnt•stock land banks, was canceled.
to Upon certiflcation by the Federal Emergency Relief Administrator, under the Fed•
era! Emergency Relief Act ol 1933, the Corporation disbursed $4119,650,000 for relief, and
$349,010.22 to the Administrator for expenses necessary to carry out the provisions or the
above act, making a total of $499,999,010.22 so dil!bursed.
11 Exclusive ol amounts made available for relfef and work relief under the Emergency
~~;!_and Construction Act of 1932, as amended. These amounts are shown In part I
11 Includes $39,500,000 allocated !or revolving fund (capital ol regional agricultural credit
corporations).
11 0 1 this amount, $2,416,378,179.13 represents cancelatlon of the Corl)Oratlon's notes,
pursuant to the provisions ol the act approved Feb. 24, 1938, equivalent to the balance
of the amonnt disbursed for allocations to other governmental agencies and !or relief
by direction ol Congress and the Interest paid thereon. The remaining $37,000,000 is
held by the Corporation In a revolving fu nd (capital ol regional agricultural credit cor·
poratlons) pursuant to sec. 84 of the Farm Credit Act of 1933, as amended. An additional
$2,600,000 of the foregoing revolving fund is held by the United States Treasury, such
amount having been paid sub.iequent to the cancelation of the Corporation', notes.

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2.-Aggregate loan and other authorizations, by classes, during the fourth quarter of 1938
Withdrawals or

Authorizations

Class

cance1ations

1

Disbursements '

I

Repayments and
other reduc•
tions

I Outstanding·ln·
crease for the

1,

quarter

1

~

tr.I

"O

0

Loans under sec. 5 of the Reconstruction Finance Corporation Act, as amenrled:
Banks and trust companies (including receivers, liquidating agents and conserva•
torsL.... . .. . . . . .. . . . . . . . .. .. . ... . . . . . .. . .. .. . . .. . . . . ... . ... .. . . . .... .. .. .. . . . . ..
Building and loan associations (including receivers).. . . . ... . ..... . . . . ... .. . . . .. .. ..

, $3, 8i4. 48i. 97
4, 74.,. 000. 00

~~~fft~~!i;F:~~iiiiies:::::::::::: :::::::::::::::::::::::::::::: :::::::::::::::: ....35. ~~: ~: gg.

Joint•stock land banks. .. ..... . ...... . .. . .. ....... . . ... . . ... ....... ..... ... .... . ...
Rail roads (including receh·ers and trustees)..... . .. . ... . ....... .. . . . . . ... . . . . ... . . .
Borrowers engaged in the fishing indust ry ...•.. .. . ... .. . .... . ..... . .... .. . . . . . . . ..

353. 374. 36
22, 974,921.95

Total, sec. 5 of the Reconstruction Finance Cor poration Act, as amended .. ...... . .

67. 000, 284. 28

I
Authorizations under sec. 5d of the Reconstruction Finance Corporation Act, as
amended:
Authorizations to business enterprises:
Loans ............. • ...•. . .... . .. .• .....•....... . ............•.. . .........•.....
Purchases of participations and agreements to purchase participations.....• . . ..

'21,417,615. 75
• 12, 683, 5lfi. 94

$3,431,276.39

$962, 2(3(). 551

-- - - -- - - - - - - -- - - - - ----- - - --------- -46,491.37

43,083,089. 52

-- -- -------------617,259.
71

··················1
· ··· · · ·· ······
125.00 · · ·· 20,422,921.95

1=====1
1,003, 882. 92

p

67,554, 547.57

$9, 288, 695. 0 I
150,939. 12
48:l, 719. 61
4, 985,755.91
12, 103.00
357, 335.07
3,693, 31 1. 82
84, 5-11. 21

• $5. 857,418. 62
' 150, 939. 12
• 483,719.61
38, 097, 33~. 61
• 12,103.00
259, 874.64
16,729,610.13
• 84,541.21

19, 056,450. 75

48, 498, 096. 82

0

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Total, authorization.s to business enterprises under sec. 5d of the Reconstruc•
tion Finance Corporation Act, as amended . ..... ..... .• ..... . .. . ....•.. ..•. j
Loans to public bodies under sec. 5d of the Reconstruction Financo Corporation

34,101, i32. 69

6,318,351.47

8, 032, 581. 73

16, 227, 894. 01

7,223,000.00

18, 859, 561. 92

2, 213, 500. 00

13,541,351.47

26, 892, 143. 65

18,441,394. 01

I
I

A:~:1~:~:~;~~:·~:~:t:~:i~~~i·~~:·~·~;~~~~;~~·~~~:~~·~:~~~~~~ ~ ~ 1==8=~=:=:=7=:=:=6=:0 =69=1I~=======11=======t=======F======

Loans on the assets of closed banks and trust companies under sec. 5e or tho Reconstruc·
75, 125. oo
tion Finance Corporntion Act, as amended ........ . ............. ... . ...... . . .........
1
Authorizations under the Emergency Relief and Construction Act of 1932, as amended:
----1---Loans on self.liquidating projects, sec. 201 (a), title 11. . • ..• . ....•... . • ... . . ...... .• . • . ...
~ 'M"c6)~~[1°ttlr of damage by earthquake, fire, tornado, or cyclone in 1933,. ··················1·····
Loans for financing exports or agriculturnl 5urpluses, sec. 201 (c), title U . ••• ••.••• ••• • •• •••••••• •• •• .• • . .•• •
60,000.00 .• . •
Loons for financing or agrlculturalcomroodities nod livestock, sec. 201 (d), title U . . •. 1

Jor

Total, Emer11eocy Rollefaod Construction Act ofl032, nsamended ••. •••••.• .•.•••

l

00, 000. 00

895,113.97
602,652.21
89,548. 18 l=======l====
===I=

...

13, 697, 321. 91

5, 860, 125. 91

20,582.58

···1··················
10,000,000.00
..•
...

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14,405,647. 71
1, 822, 246. 30

21,898,287.53
2, 362, 188. 21

1-------•1---- ----1--------1 ------- - - - - - - -

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7, 492, 639. 82
539,941.91

856. 51
2, 200, 494. 96

~

0

53,000. 00

15, 913,126. 01

252,976. 97

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• 292,461. 76

trJ

' 7, 837, 106. 00

8:x,

' 20,582.58

10, 000, 000. 00
• 109, 976. 07

1,942,244 . 46
AAL 41\
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2, 452, 72(). 891
4, I 16, 748. 89
I , 300, 6ro. 67

Au tborizattons u nder sec. 304, title III, ol the act approvod. Mar. 9, 1933, as s meodod:

~g:,.f;tfo~;0[.;r"gr!\~~.it.~~~n~~~tto'ii°frg::u~mpii.n-ies:::::::::::::::::::::1----22;1ir,;aoo:oo-1-------i<i2,-cixfoo-----..5,-262,-500.·oo·
Purchases of capital notes or debentures of banks and trust compaolos. _____ ______ _ -----------------· ---- ---- --- ---····
102,000. 00
22,715,300.00
T otal, sec. 304, title nr, of t boact approved Mar. 9, 1933, as amended_______ ________

Loans on preferred stock of Insurance companies under sec. I ottbe act approved June 10,
1933 as ameoded .- --·- - ------- - - --- -------- - ·-- -· ----- - ---- ---- -- -- -- --- --- - --- -·-- __
Loans to or for t he benefi t of drainage, le,·ee, irrigation, and similar districts uuder sec.
36, title II, of tbe Emergency Far m Mongage Act of 1933, as amended _. ___ . . .. ___ .
Loans to finance tbe repair of damage by earthq uake, flood , or other c:itastropbe in
1933, 1934, 1935, and 1936, under t ho act approved Apr. 13, 1934, as amended ______ ..
Loans to borrowers engaged in tbe m ini ng, milling, or smelting of ores, under soc. 14 of
tbo act approved Juno 19, 1934, as amended __ ______ ····--···--··-- - --------- · ···· .
Loans to or for the benefit of tax-sup ported pubiic-scbool districts or otber similar
public-school au thorities in charge of public schools, under t ho act npprovod Aug.
24, 1935. __ --- --- - . -- ... ... . ----------· - -- ..•.. . -------- .... -- ...• ---- --- .... · · · •. Loan to the Rural Electrlflcatioo Administration, under t ho act approved May 20,
1936, as amended . _. _. ____ . . _________ _____ . ___________ .... ····· - · ··· ----- -- ······· ..
Grand totaJ.. __. _____ • ____ _. ___ __ _________ _________ . •. ___ .• ___ ___ .• _••• ___ . _____ .
1 These amounts ap ply to loans aut horized prior to Oct. 1, 1938, as well as to loans aut horized during the fourth qu arter or 1938.
' E xclusive of repayments unallocated, pending advices, as or Dec. 31, 1938.
• The entire amount of $3.874.487.97, shown above. was authorized Lo aid in tho reorii:anizatioo or liquidation of closed banks.
• D ecrea.;e.
1 9 authorizations aggrel(atin~ $261,300, which were included in "purchRSes of porticipntio os in Joans to bus iness enterprises' ' dur ing p recedi ng qua rters, were transr.:!rrod t.o

"loans to business enterprises" during tbc fourth quarter or 1938. 8 aut.horitatious agi!regating $409,650. which wore included in " loans to bmines.; enterprises" du ring preceding
quart.ors , were transfe rred to "purchases of participations in loans to business eoterprbes"
du ring the four th quarter of 1038.
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1, 451, 724. 45

280, 000. 00

786,613. 28
87,000.00

9, 000. 00

45,271,500. 00

I

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·1, \IJU, UV, VJ

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• 2, 452, 720. 811
41, 146,761.61

• I, 351, 6ro. 07

37, 3tl, 380. 05

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100,000.00

150,000.00

• [.,(),000.00

I, 59-4, 414.47

141, 30(. 00

I, 453, 100. 51

3,500. 00

47, 737.64

• 44,237 64

87, 000.00

139,000.00

• 52,000.00

235,500.00
30. 000, 000. 00
• 211 ,42 1,802. 42

• Authorizations mnde prior to Oct. 1. 1938, were resclntle<I during Lho fourth quarter
or 1038, a.s !nilows: Ba nks an,1 trust eom ponie.s1 $925,300 (to aid in the roor~aaizatwn or
liquiJntion or closed bank.,); hwiness ooterprise.s, $527,660; purcba.•e• or port1cipntions
and agreemants to purchase partklpatlons lo loans lo bu.sloes:, enr.erprls.i.;, $2(12,GOO; loans
to puulic bodies, $5,124 ,000; a loan ou the assets or a clooed bank, $1 6,0i5; a loon !or tloaociag or nKriculturnl comllloditfes and livestock. $60,000; loans to or tor the uenellt or drainage, le,ee, irr i~aL1on, and similar districts, $671,340.05. Such rescissions ha ,·e. not hecn
deducted from the autbc,rizalioos show n above for the !ourtb quarter oC 1938, ,oe., much
as they applied to loans authorized during previous quarters.
'In 11dd1tion, under the Federal Emel'l(eocy Relier Act of IYJ3, tbe Corporation, during
the fourth quarter of 1938, disbursed $561.42 to the Federal Emergency Helie! Administrator tor expenses net-essary to ca rry out tho provisions or the ahovo act.

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REPORT OF RECONSTRUCTION FINANCE CORPORATION

3.-Number of authorizatiom, and number of neto borrotoera, etc., to wicl
authorization, toere made, by States, during the fourth quarter of 1988 1

TABLE

GRAND TOTAL
State

----------

Number Number
or author- or new
lzatlons borrowers

ombc

or new
Lzatlon., borro,rm

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

Alabama .••.•••...•....••.•..

13

Arkansas .••••••.•...•.....
California .•••..••............
Colorado ...• .••.. .•.....•.•..
Connecticut .••..•• .•.. .... . ..
District of Columbia ..•......
Florida.....•..•....•.......•.
Georgia ....•...•.... •••.. ..••.
Idaho •..•...•.........•.•.•..
Illinois ..•.•..•..........••••.
Indiana •••.•.•...........•...
Iowa ..•...•••..... .•..... .• ..
Kansas..••.••..•. •.•... . .....
Kentucky ••.•••.......••.....
Louisiana .....•••...•.. ... ..•.
Maryland .•.....•.....•..•.••
Massachusetts ...•.•.....•..•.
Michigan .•..............•.••.
Minnesota .••. .•......••••....

19
46
15

10
38

11

11

3
5
50
16

2
61
47
3
44
15

11

11

22
18
26
33
25

20
16
10
5
17
24
24

9

9

28

20

Arizona __________________ ___ _

~:~~f.P:::::.::::.:::::.:::

Montana •.•.••..•...••. ......
Nebraska ..•......••..•.•.•.•.
New Hampshire ....••••.••• .•
New Jersey .......•..•.•...•..
New Mexico .....•••.•......••
N ew York .••.....•.........••

TOTAL, SEC. 5 OF THE

Oalltornla .••.••••••••••••••••
District of Columbia •••••••••
Georgia •••••••••••••••••.•••••
Illinois .••••••••••••••••••••••
Indiana .•••••••••••••••••••••
Masaachusetts .•••••••••••••..
Michigan •..•••••••••••..••••.
Missouri ••••.•••••••••••••••.
New Jersey••.••••••••••••••••
New York .•••••••••••••••••••
North Carolina•••••••••••••••
Oregon .•••.••••••••••••••••••
Pennsylvania •••••••••••••••••
South Carolina ••••••••••••••.

Number
or author-

State

5

66

60

11
5

19
9
3

11

5

15

18
9
2

38
8

32
8

84

71

North Carolina...............
North Dakota................
Ohio.........................
0 klahoma................ •• ••
Oregon.......................
Pennsylvania.................
South Carolina...............
South Dakota................
Tennessee... . ................
Texas.. .......................
Utah........... . .............
Virginia..................... .
Washington............... ...
West Virginia •• ··•••·•·•·••••
Wisconsin....................
Wyoming....................
Puerto Rico..................

Grand total............

1
2
1

1

1i

·········s

2

2
1
1

1
1

12

11
I

l

15

u

37

a

4

1

7

1442
11
3
42
II
2l
l
1

11

•
•
J

4
2ft
1

933

7

,,

1----1--942

FINANCE CORPORATION ACT,

Texas........................
Washington..................
West Vfrglnla... ••• •• •• •• • •••

1

l

«

1----1----

Total...................
Authorizations:
Loan to The RFC Mort•
gage Co . •.•.••.••.•.•••
Loan to Federal National
Mortgage Association •.
T o Railroads (including
trustee) •. .•• .••• •.•••..

RECONSTRUCTION
AMENDED
1
1

19
l

1
1

1

Total... •• . ••••••••• ••••
Loan to The RFO Mortgage
Co.• •••••••.•••••••••••••.•
Loan to Federal N atlonal
Mortgage Aasoclatlon •..•••
A uthorlzatlons to Railroads
(Including trustee) •. •••••••
G rand total. • •••• •• ••••

1

,----t--211

ll

7
2
1----+--38

U

BANKS AND TRUST COMPANIES (INCLUDING RECEIVERS AND I.IQl71DATING AGENTS)

[Under sec. 5 or the Reconstruction Finance Corporation Act, as amended)
District or Columbia •••••••••
Georgia. ..••••••••••••••••••••
Illinois ..•.•••••••••••••••••••
Indiana .•..•.••••••••••••••••
Massachusetts .•••••••••••••••
Michigan ...••••••••••••••••••
New York .•••••••••••••••••••

'1
1

i ·········1
1
1
2

North Carolina...............
Oregon.......................
Pennsylvania.................
South Carolina...............
Total...................

1
1

1

1----i----

BtrILI>ING AND LOAN ABSOCliTlONS

[Under sec. 5 or the Reconstruction Finance Corporation Act, u amended)
New Jersey••••••••••••••••••• ,
See footnotes at end or table.

Digitized by

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11

REPORT OF RECONSTRUCTION FINANCE CORPORATION

17

TABLm 3.-Numb,r of autAorilCltionl, and number of new borrOtDffa, •k:i. to tol&ic/a.
11uthorisationl IM'I fflel(U, "r Statu, during 1M fourth fUGrltr of 19"8-\.iOntinued
TOTAL, SEC.

6 OF

THE

RECONSTRUCTION 'FINANCE
AMENDED-Continued

CORPORATION ACT,

11'111Lt.RC& COIIHRY

[Under NC, 6 of the ~tructlon Fioaoce Corporation Act,
Number Number
of author• ofoew
l&atlooa borrowen

State

1

Mlssourl·-···················

11 amended}

Number Number
of author• of new
lzatlooa borrow en

State

---

---·····---

MOBTOAO& Lou Co11umzs
[Under ■ec. 6 of the Reeooatructlon Finance Corporation Act,
1
1
I ••••••••••

California •••••••••••••••••••.

Michigan .•.••••••••••••••••••
Washington ••••••••••••••••••

1

Total ••••••••••.••.••••.

1

2

JOUIT-8TOCII:

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

___ ____

Loen to:
The RFC Mortgage Co.•.
Federal National Mort•
gage Aa,oclatlon •••••••

_,

Grand total •••••••••.
LAND

6

B.t.NU

[Under aec. 6 of the Reeooatruclion FlnaDce Corporation Aot,
Texas
W eet V
••••••.•••••••••••••••••
lrglnla.. •• • • • • • • •• • • • •

11 amended}

11 amended)

l---+---1
~ 1··········
.••••••••• 1

I

2 ·····-····

I

TOTAL, AUTHORIZATIONS TO BUSINESS ENTERPRISES UNDER SEC. 6d OF THE.
RECONSTRUCTION FINANCE CORPORATION ACT, AS AMENDED
[Direct loaoa to bualness enterprlaea, Including partlcipatlona)
Alabama .••••••.••••.••••••.•

Arizona_ .••....••.•..•..•....
Arkansas .•..••••.•.••......•.
California .......••.••....••• .
Colorado ...•...•...••.....••.
Connecticut ..•..•..•..•.•.••.
District of Columbia .....•...
Florida..•••.•. .......•••••••.
Oerogia •••••••••...•.....•••.
Idaho_ •••••........•..•..•••.
llllnois .••••...•••.• •...•••.•.
Indiana •••••••••.••••.••••.•.
Iowa ...••••.••••.••••.•••••.•
Kansas .•••..••••.•.•.•••••...
Kentucky •••••.•••••.•• •••..•
Louisiana ••..•••.•••••••••.•.
Maryland .•.•••••••••..• •••..
Massachusetts .•.••••..••.••••

§~~W(~~~~~~~~~~~~~~~~~

Montana ...•.........•.•.•.•.
Nebraska ..•.•.....•••. •.••••.

8

8

New Hampshire ••.•.•..•.•..
New Jersey •••••..••.•.••••••.
New Mexico .• . . .••.•••••..••
New York • • •..•.•••••••••• ••
North Carolina .••••••.••••.•.
North Dakota •••••••••••• •.••
Oblo .• .• ••••••••••••••••••.••
Okl3homa .•••.•.....••.•••..•
Oregon .•......•.•••••.•..•..•
Pennsylvania ...•.•..•...••..
South Carolina ..•.••.••••.•..
South Dakota .•••••.•...••...
Tennessee . ..••••.••••..••. ••.
Texas .•...........•...•....••
Utah ....•...•••.•••••..•.....
Virginia .....•••.•.••••••.•.••
Washington ..•.•••••.•.••..••
West Virginia .••••.•••. .••.••
Wisconsin ..••••••••••.• •..• •.
Wyoming•••••..•••••.••...••
Puerto Rico .••.•••••••••...••

20

17
17

TotaL. •...•••...•••..••

12
4
13

10
4
10

38
14

36
14

JI

JI

2

2
68
46
2

60
68

2
41
12
10
21

17

• IO

as

12
JO
19
16
9

5
25

17

26

20
24

25

17
9

5

2
25
8

77
17
1
44
11

13
34
3
7

8
69
16
1
41
10
10
24
3

13

7
11

37
6

37

3
41
5

21
I
I

830

9

Bee footnotee at end of table.

188800-39-2

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33
8
24
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18

REPORT OF RECONSTRUCTION FINANCE CORPORATION

3.-Number of authorizations, and number of new borrowers, etc., to which
authorizations were made, by States, during the fourth quarter of 1938-Continued

TABLE

TOTAL, AUTHORIZATIONS TO BUSINESS ENTERPRISES UNDER SEC. 5d OF THE
RECONSTRUCTION FINANCE CORPORATION ACT, AS AMENDED-Continued
LOANS TO BUSINESS ENTBRPI\IBBS

[Under sec. 5d or the Reconstruction Finance Corporation Act, as .amended]
State

Number Number
of author- of new
izations borrowers

Alabama ______ __ ____ _____ ___ _
Arizonn _________ ____ ________ _

6

1

5
1

Arkansas __ --·---·.---·-· ·· --·
California_-·---_ ...... · · -·-·Colorado_ --·- -·--·-· ___ ..... .
Connecticut. .....••.. . . .• ....
F lorida ......•.• • _____ ....... .
Georgia ......... __ ·- __ ·--· .. .
Idabo . . ......•.•. ·- -· .. -··- __
Tllinois .. . ... ...••• ••• .. _. ___ _
Indiana .....•..... . ..• . · · ··-Iowa .. . .. . ....... ___ • ___ . ___ _
Kansas . ..... . . .•• . ..•.. -··- --

)3

10

10 18

10 15

JI
"5
• 51
54
2
'30

JI
07 5
49
7
43
2
I 27
8
6
12

"7

8

6
12
12
•9
4
17

fgii~~~~t ~:::::::::::::::: ::

Maryland ..... ...... _. ___ .. __
Massachusetts .... ........ ___ _
Micbi~an ................... . .

9 10 14

17

S!m;N!!:::::::::::::::::::

'8
12
16
4

Montan•-····--·-···-···-····
Nebraska .••.•.••. -·--·· .... ·-

"

11

8
4
JI
JO 11 9
JG
78
JO

Number Number
of author• oi new
izations borrowers

State

New Hampshire....•.........
New Jersey.................. .
New Mexico ________________ _
New York . ..... ...•. ........
North Carolina .... _. _....... .
North Dakota.... ........... .
Ohio ........... ..... •.• •.....
Oklahoma . ....... •. •.• -··-···

1

10 12
6

~[~g~nia _.. ... ••........•.•• •.
W asbi ngton ..............•...
West Virginia .... .......•.•••

10
6

u u u54

6

6
5

9
"11
24
3

Oregon __ ____ ________________ _

Pennsylvania .......•••..... _
South Carolina .......•..••. ·South Dakota .•......•.• .....
Tennessee ..•.....•.•.•.....••
Texas .•.................••••.

11

62
10
1
' " 24

"1111

g
1
' " 21
8
JI g
17
3

6

24

JO II

10 JI

24
4

11

26
4
11

4
2

"28
5

Wiscons in __ _______________ __ _

2
'

11
1

Wyoming ... •..•.......•... •.
Puerto Rico .•.•....••....••..

1

16

4

Total.. •.•...•••.•••....

580

512

PURCHASES 011 PARTICIPATIONS, AND AGRBll:llll:NTS TO PURCHASE P.~RTICIPATIONS, IN Lo.A.NS TO BUSINBSS
ENTERPRISES

[Under sec. 5d or the Reconstruction Finance Corporation Act, as amended)
6

Alabama.··-·--·
·-···········_
A
ri zona _______ ______________
California __ -··-·· ··· ···· ·· · ··
Colorado_ .. --·- ............. .
Connecticut._ .. _..... . ...... .
District of Columbia_·······Florida ... __ .. --· ........... . .
Georgia ..• •··--- .. -· .... ····Illinois _____ -· --··········-· ·Indiana .. ·- __ -···· ...••... . . _
Towa ...... ·---·--··--···-··-Kansas ... . . . .. ·-· .......... ·-

16

3
7

111?

6
2
9
4

9

16 7

3

9

7
4

5
l
1
8
'10

12
8

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

3
' 6
2
' II

fgii~~;~[: ~::::::::: :::::::::

l'l'finnesota ... ·- -- · -· ....... -·

5
3

"20

'11
4
4

Maryland ....... . ........... .
Massachusetts .. .. . ......... .

Michigan _______ _______ ___ ___ _

3
20

4

4
1
1
6
'JO 11
8

TotaL .• , •.••••..••....

8

Montana ___ •·-·-- -··--- ·····-

Nebraska_. ___._ . ............ .
New lIRmpshire ......•...••.
New Jersey ................•.•
New Mexico ..•.. ............ .
New York .... .•.........•.•..
North Carolina .••.....•.. ....
Ohio . . . ..... ••....•.•.. ...•..
Oklahoma . .....•••.•••. ......
Oregon ...... _...•............
Pennsylvania .. _·--····· .....
South Dakota_--·······-····Tennessee ............•••••.•.
Texas .. .. ·················· · Utah __ . .........•..•••••••...
Virginia.-· ........•..•.•••...
Washington ........•.•..••.•.
Wisconsin. ____________ __ ___ __
Puerto Rico ........•.•••••• ••

5
l

"Ia

II I

"" 15

1' ll

"2(l

II

2

2

7

2
"2
10
1
IO

'7
II 13

15
7

20
2

Ill

IO

2
1
13

7

5
1
13

7
1
16
II 13
2
I
I 12

•o

'10
"1

f - - - -·1- - - -

250

l

233

TOTAL, LOANS TO PUBLIC BODIES TO AID IN FINANCING PROJECTS AUTHORJZll:D UNDll:B Fll:Dll:RAL, STAH,
OR MUNICIPAL LAW

[Under sec. 5d of the Reconstruction Finance Corporation Act, as amended)
Alabama •••••••••••••.•••••••
Arkansas .•••••..••...•..••.•.
California ••••.•...••....•.•••
Florida •••••••••..••.••....•..
Georgia •••••..••.......•..•.•
Illinois ••••••...••........••..
Indiana ••••••...•.•.. ••..•.•.
Kansas ••••••••••...•.•.•...•.
Louisiana ••••....•.•..•..•.•.
Michigan •.•.............•....
Mississippi. ••.•••.......••...
Montana .. •••.••..••..•.••..•
New Hampshire •..•..••.•.•..

(')

'1

'I

'1

1
2
1
4
1
1
1
'I
Ill
1

2

1
4
1
1
1
'1
II 1
1
1

1

New Jersey .••••.••••••••..•.•
New York .....•••••.••••••••
North Carolina••••••••••.•.••
Ohio .•...•.......•••••••.•.••
Oklahoma ...•.•.•.••••••••.•.
Pennsylvania .•••..•••••..•..
South Carolina ..•..••.•••••••
Tennessee .••.•.....•••••••.•.
Texas .•••...••...•...••••.•••
Virginia •.•.•......••••••••••.
Alaska._ .•.••.••••••••••••...
Total. •••••••.•...•..••.

(11)

2
1

•1
1

(')

2
1

'1
1

1
2

2

24

23

II

(11)
(')

See rootnotes at end of table.

Digitized by

(11)

Google

REPORT OF RECONSTHUCTION Fl~.\NCE COUPOilATIOX

19

3.-Nu.mber of authorizations, and number of n ew borrowers, etc., to u:hich
-authorizatiom u;ere made, by States, during the fourth quarter of 1938-Continued

'TABLE

TOTAL, SECTION 5e OF THE RECON.fil}8.°lJ8N FINANCE CORPORATION ACT, AS
[Loans on the assets of closed bank s and trust companies]
Number Number
of author· of new
izations borrowers

State

Number Number
of author• of new
izations borrowers

State

-----------1----1----·11------------ ---- ---Indiana .. ••••.• •••••••...••..
Michigan . . •• • .••••••..•.••.•.

I

•1

2

IJ

Total ••• .•• ••.• •• .•• • •• .

3

2

TOTAL, SEC. 201 (D), TITLE II, OF TIIE EMER G ENCY RELIEF AND CONSTRUCTION
ACT OF 1932
[Loan for tlnancing of an agricultural commodity)
Number of
authorizations

State

Number of
ne w borrowers

Kentucky••••••••••••••.•••••••••.•••.•.•...•••••.••• . •••••••...

11

TOTAL, ACT APPROVED MAR. 9, 1933, AS AMENDED
[Subscriptions for preferred stock of bauks and trust companies]
Num ber of
authorizations

State

California •. • . •••• • ••. •• ••...•..•..•.•..
Illinois •.•••.••••••.••..•• •. ••.•••.•.•••
Iowa .•. . .•••• ••••••••••••••••••••••••••
11issouri. - ----- - - · - ___ _____ -- ---------New Jersey •••••• • •••••••.••••••••••...
New York . • ••• • ••••••••••••.•••••.•••.
Pennsylvania ••••••••• • •••.•.•.••.•.•..

Num ber of
borrowers

Less: Dupli•
cations

Net nu mber of
uew borrowers

1
I . . ••• ••• • •.•.•••
I
•••••...•...• • ..
1
I
•••··•••· •••••··
I ••••• • ••• • •••••••••••••••••••• • • • •••••••• •• •••••I
3
I ................
I
3
3
a .......•.. •.....
I

Total •••• •• ••••••••••••.•••..••..

11

4

3

TOTAL, SEC. 1 OF THE ACT APPROVED JUNE 10, 1933, AS AMENDED
[Loan on preferred stock of an Insurance company]
Number

Number

cf author•
of new
izations borrowers

State

N umber Num ber
or a u t hor• or no w
iz~tions borrowers

State

Missouri . • •••• • ••••.•••.•••. •

TOTAL, SEC. 36, TITLE II, OF THE EMERG ENCY FARM MORTGAGE ACT OF 1933, AS
AMENDED
[Loans to drainage, levee, Irrigation , and similar districts, etc.]
Arizona •••.••••••••••••••••.•
Arkansas •••••••••••••••••.•.•
California •••••••••••....•••••
·Colorado •••••••••••••.• •• •• ••
Florida ••••••••••• • •••••.. ••••
Idaho • •••••• • •• ••• •••••••••• •
,Illinois ••••••• ••••• •• •••••••••

1
6

'5

11

14

•a

3

1
•I
11
11 1
1

M issouri. •••••••••..•••.•••••
M onta na ..•.•.•...•••••••••••
Oregon •.•••. • .••••..•••••••..
Texas ••.• .. •.••••••.•••••.•••
Total.. •.••••••••••••• ••

----fa2

Bee footnotes at end of table.

Digitized by

•a

15
•1
1 •••
2

Google

•

1

10

20

REPORT OF RECONSTRUCTION FINANCE CORPORATION

3.-Number of authorizations, and number of new borrower,, etc-,,. to which
authorizatiom were made, by State,, during the fourth quarter of 1988--\j()ntinued
TABLE

TOTAL, SEC. 14 OF THE ACT APPROVED 1UNE 19, 1934, AS AMENDED
[Loans to bo1TOwers engaged ID the mining, mllllng, or smelting or ores]

State

Michigan .....................

Number Number
of author- otnew
lzatlons borrowers
2

State

Number Number
ora,uthor- olnew
lzatJoDB borrowers

2

co-

•"Borrowers, etc.", Includes applicants to which loans have been authorized and lnstltuttona ID
tlon with which purchases of preferred stock capital notes or debentures have been authorized.
• Not Included In the State totals shown above, because the operations or the borrowers, eto., ord1Dart17
we not confined to any 1 State.
• Arter eliminating duplications, the net number or new borrowers during the rourth quarter of 1938 wu
799. Such duplication arises when the Corporation, during the fourth quarter, made an authorization In
connection with a borrower ror the flrst time under one class or loan or other authorization, and had made an
authorization in connection with the aame borrower during a prior quarter under a different class of loan
or other authorization.
• During the fourth quarter of 1938, 1 authorization made prior to the fourth quarter was completel7 nsclnded. This rescission has not been deducted from the number orauthorlzatlona made during thequartlr,
Inasmuch as the authorization was made during a prior quarter.
1 Includes a borrower to whom a loan was authorized prior to the fourth quarter or 1938, under aec. 6, u
amended, of the Reconstruction Finance Corporation Act, such borrower being Included under that 1180tlon
ID previous quarterly reports. During the fourth quarter of 1938, an authorization was made to this hor·
rower under sec. 6e or the Reconstruction Finance Corporation Act, as amended.
• During the fourth quarter or 1938, 1 authorization made prior to the fourth quarter was completely rwsclnded. This rescission has not been deducted from the number of authorizations and the number or new
borrowers during the quarter, Inasmuch es the authorization was made during a prior quarter.
' During the fourth quarter of 1938, 1 authorization under "loans to business enterprises", made prior to
the fourth quarter, was transferred to "agreements to purchase participations In loans to business enterprises." This transfer has not been deducted from the number of authorizations and the number of new
borrowers under "loans to business enterprises," nor added to the number or authorizations and the number
or new borrowers under "agreements to purchase participations ID loans to business enterprises," Inasmuch
u the authorization was made during a prior quarter.
• During the fourth quarter of 1938, 2 authorizatlona under "purchases of participations ID lOIIDS to business enterprises," made prior to the fourth quarter, were transferred to "loans to business enterprises."
These transfers have not bern deducted from the number of authorl,zatlons and the number or new borrowert
under "purchfJl!8s of participations In loans to business enterprises," nor 9dded to the number or author,lzatlons and the number or new borrowers under "loans to busln,ess enterprbee," lnasmu.oh as the autborlza•
tlons were made during a prior quarter.
• During the fourth quarter of 1938, 2 authorizations made prior to the fourth qu,.rter were complet.ely
rescinded. These rescissions have not been deducted from the number or authorizations made during th&
quarter, inasmuch as the authorizations were made during prior quarters.
•• During the fourth quarter of 1938, one authorization under "loans to business enterprllles," made prior
to the fourth quarter, was transferred to "agreements to purchase participations In loans sold.' This transfer has not been deducted from the number of authorizations a,nd the number or new borrowers under "loans
to busin86S enterprises," nor added to the number of authorizations and the number or new borrowers under
"agreements to purohase participations In loans sold," Inasmuch as the authorization was made durlni: a
prior quarter.
11 Durtng the fourth quarter or 1938, 1 authorization made prior to the fourth quarter was completely
rescinded. This rescission has not been deducted from the number of new borrowers during the quarter,
Inasmuch as the authorization was made during a prior quarter.
a During the fourth quarter or 1938, 2 authorizations made prior to the fourth quarter were completely
rescinded. These rescissions have not been deducted from the number of authorizations end the number or
new borrowers during the quarter, inasmuch as the authorizations were made during a prior quarter.
•• During the fourth quarter of 1938, I authorization under "purchases or participations In loans to business
enterprises," made prior to the fourth quarter, was transferred to "loans to business enterprises." Thia
transfer has not been deducted from the number or authorizations end the number of new borrowers under
"purchases of participations In loans to business enterprises," nor added to the number of anthorizatloDI
and the number of new borrowers under "loans to business enterprises," Inasmuch as the authorization WU
made during a prior quarter.
H During the fourth quarter of 11138, 2 authorizations under "Joana to bt1SID8118 enterprises," made prior
to the fourth quarter, were transferred to "agreements to purchase participations In loans to business enter•
prises." Theso transfers have not been deducted from the number or authorizations and the number or
new borrowers under "loans to business enterprises," nor added to the number or authorizations and the
number of new borrowers under "agreemants to purchase participations In loans te- bualn888 enterprlaea,"
Inasmuch as the authorizations were made during a prior quarter.
11 During the fourth quarter or 1938, 1 authorization under "loans to business enterprises," made ~ to
the fourth quarter, was transferred to "purchases of participations In loans to business enterprises.
Thia
transfer has not been deducted from the number of authorizations under "loans to business enterprises,"
nor added to the number of authorizations under "purchases or participations In loans to business enter•
prises,"' inasmuch as the loan was made during a prior quarter.
11 During the fourth quarter of 1938, 1 authorization under "aareementa t4> purchue participations ID
loans to business enterprises," made prior to the fourth quarter, was transferred to "loans to business entarprlses." This transfer has not been deducted from the number or authorizations and the number of new
borrowers under "agreements to purchase participations In loans to bnslneaa enterprises," nor added to the
number or authorizations and the number of new borrowers under "Joana to bWllness 1111terprilee," lnumncb
as the authorization was made during a prior quarter.

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REPORT OF RECONSTRUCTION FINANCE CORPORATION

21

4.-Number of authorizations and borrowers, to which authorization, 1DM'•
made; and amount of authorizations, withdrawal& or cancelations, disbursement&,
and amount out&tanding, from Feb. S, 1932, to Dec. S1, 1938, inclusive, by State& I

TABLE

GRAND TOTAL

State

Alabama•• - .•..•••••••.•..
.>.rlzona ••••••••••••••••••••
Arkansas .••••••••••...••..
California.-•••••••••••••••
Colorado •••••••••••••••••••
Connecticut •••••••••••••••
Delaware •.••.•••.•••••••••
District of Columbia .••••••
Florida •••••••••••••••••••.
Georgia. •••••••••••••••••••
Idaho .•••••••••••••••••••••
Illinois •••••••••••••••.••••.
Indiana...................•
Iowa .......................
Kansas ..•••..•.•.......•..
Kentucky .•...............
Louisiana .•••.••.•••......•
Maine .....................
Maryland .................
Massachusetts .............
Mlchigan_ •••••••••••••••••
Minnesota •••••••••••••••••
Mississippi.··········-····
Missouri. •••••••••••• _•••••
Montana_·······-···-···-·
Nebraska•• _••••••••• _•••••
Nevada ___ ._ .• ___ •• _____ •••
New Hampsbire •••••••• - ••
New Jersey---·············
New Mexico_ .••••••••••• _.
New York.-·•-············
N ortb Carolina ••••••• - ••••
North Dakota ••••.••••••••
Ohio ••••••••••••. -·-·-··· -Oklahoma ••••••••••• _•••••
Oregon. __ --···············
Pennsylvania ..••••••••••••
Rhode lsland ___ •••••••••••
South Carolina ••• ········South Dakota_ .••••••.•• _.
Tennessee ••• _••• _••••••• _.
Texas •••••• -•-·······-···-Utah_ ••••••• -···-···-·-·•·
Vermont ••••••••• _••••• -._·
Virginie._.·····-·····-··-··
Washington_-······----·-·
V.:~t Vi~ginia •••••••••••••
W 1sconsm_ •• _•. _._._._._._.
Wyoming ____ ·-··-·-·--···Alaska ___ •••••••• _•••••••••
Hawaii ___ ----------------Puerto Rico __ ••••••• ·- ____
Virgin lslands ••• _•••••••..

Num•
berof
au•
thor•
lza.
tlons
671
122
802
1,000
356

304

Num•
ber of
bor•
row-

Amount
authorized

ers

--

Amount with•
drawn or
canceled

$5, 600, 672. 32
24, 779. 872. 77
1,600,381. 70
67,014,206.67 11,512,856.66
692, 780, 178. 78 41,017, 698. 33
28,419,469.96
6,948, 149. 78
34,648,675.41
6, 395, 682. 01
2, 238, 300. 00
3, 407, 000. 00
5,317,098.51
37, 797, 419. 01
20
6,
131, t!M. 4-0
33, 792, 818.
38, 732, 621. 27
6,714,465.16
2,327, 167. 21
15, 825, 978. 94
447,468,374.67 57, 222,107.23
S4, 851,016.54 16, 523, 795. 15
90, 349, 272. 33 14, 651, 050. 12
4, 226, ti99. 42
21,981,608. 78
52,623,015.09 11,755,119.89
224,057,335.86 88, 452, 703. 05
78, 400, 279. 02 11,071,331. 26
152,932,912.23 16, 044, 438. 03
103,535,747.31 16,457,465.13
537,219, 92-1. 19 106, 045, 484. 46
41,503,653. 26
5, 775, 529. 22
50,685,196.44
6,144,975.64
129, IH.i2, 423. 61 34, 331, &i2. 52
I, 612,610. 14
15,938, 7'1:1. 22
3, 931, 526. 58
26, 565, 722. 99
12,008, 71Y. 04
4,423,537. 77
8, 000, 053. 00
I, 316, 700. 78
260,010,656.28 35, 97Y, 760. 92
I, 608, 2W. 78
12,050, 6:16. 01
796, 54-0, 157. 64 194,637,711.97
74, 1,()1, 293. 41 13, 856, 889. 90
I, 013, 326. 45
14, 3":J, 600. 73
605,651,012.08 133,725,418.52
2, 056, 334. 03
27, 6ti9, 754. 34
6, 118, t\66. 98
28,672.430. 881
386,557,515.52 72,137. U39. 57
801,421.36
8,104,699.40
5, 51j8, 500. 56
38, 683, 300. 24
4,212, 3V4. 56
19,076.113. 58
131,128,820.28 21, 778,767.55
142,688,439. 73 19,671,285. 87
4, 288, 546. 91
23, 135, 265. 94
2, 340, 280. 27
29, 072, 821. 63
50,512,073. 54
8,327.828. 53
18.
962,369.55
86,087,096. 4-1
5, 98:l, 0%. 49
48, 480, 39.5. 78
19,310,189.57
129,497,291. 13
1,018,637.60
6, 603, 92\l. 24
153,000.00
1,203, 5()()_ 00
214,103.00
1,444, Y3fi. 00
I, 272, 439. 78
7,900,500.00
120. 000. 00
251. 000. 00

29
148
555
1,028
272
2,047
1,031
I, 155
669
724
725
214
397
616
1,483
1,021
843
I, 251
8.10
327
194
I, 358
439
70
36
60
51
I, 315
901
117
82
1,962 1,400
485
667
379
276
1,583 1,159
455
243
523
284
2,278 I, 50S
41
31
179
276
469
316
503
800
I, 468 l,Ofi2
149
236
160
106
5.50
386
1 1,987 1,252
511
313
I, 468 1,078
119
60
14
12
5
4
34
28
I
3

--

$10, 658, 044. 37
6,983,707. U
19,090,412.63
227,126,627.111
7, 221, 304. 24
8, 291, 658. 00
340,700.00
3, 597, 482. 25
10,154,194.14
11, 183, 553. 611
3, 495, 726. 87
94, 225, 326. 61
12,631,937.11
6,786,830. 13
6, 366, 766. 85
8,119,952. 3g
27,792,431. 4-0
8, 041, 763. 05
33, 670, 214. 93
23,870, 132.116
66, 278, 256. 71
8, 378, 693. 12
12,231,669.02
21, 007, 733. 33
2,914,431.86
6,381, &ii, 13
778,161.67
940,469.10
00, 007, 758. 81
6, 1,()2, 658. 41
124, 200, 412. 01
11, 180. \l90. 68
3, 213, 455. 31
69, 514. 888. 25
2, 867, 401. 66
7. 463,194.88
57,897,294.18
3,617,431.63
3, 595, 770. 57
3, 053, 308. 99
25, 080, 439. 03
42,615,711.28
2, 928, 948. 66
10, 976, 680. 37
10,544,987.16
9, 241, 953. 43
5, 289, 625. 06
26, U45, 828. 35
1,248,665.01
613,000.00

$32, 648, 189. 60
11, 658, 228. 41
61,311,899.43
675,010,289.83
21,594,561.02
28, 216, 04-0. 72
I, 148,700.00
32, 126, 804. 00
21,669,857.86
27,117,876.73
12,708,294.49
386, 602, 571. 68
68,067,548.63
75,277,837.82
17,273,860.21
39, 680, 870. 88
135, IM, 251. 07
67,377,947. 77
129,717,003. 88
S4, 303, 531. 72
421,876,836.98
34,837,212.54
4-0, 485, 473. 65
92,027,135.70
13, 787, 148. 58
21, 8/il, 479. 04
8,478,681.27
4,719,852. 22
215,303,504.04
9, 668, 384. 90
691, 026, 153. 39
59,847,610.16
12,587, :158. 88
453,512,417.79
24, 448. 070. 31
22, 595,045. 11
283, 287, GUI. 31

343 $42, 188, 312. 75

78
648
596
255
199
27
63
435
791
152
1,253
731
739
613
487
374
117
281
467
8116
700
521

Amount out• ·
standing as of
Dec. 31, 1938 I

A.mount dis·
bursed

7,075,028.04
31,452,504.63
14. 834, IOU. 02
106, 849, 760. 69
114,210,136.42
18, 405, 669. 03
26,712,541.36
40, 191, on os
49, 'IBU, 566. 44
41,677,516. 77
108,511, S57. 15
5,5~, 7Ul. 64
I, 050, 500. 00
I, 230,832.00
4, 952. 060. 22
125, ooo. 00

----

---------------1,175,056.64
121,500.00

------

Total.-············-- 36,598 23,934 6,028,697,830.16 1,066,561,199. 78 4, 701, 733, 758. 71 1,162,856, 1192. 34
:, .A¥,~a°~!zaygnshe RFC
14
!\Iortgago Co.•--·-··-··
Loan to .Federal National
_.,
Mortgage Association•2
Loans to Federal land
I
67
banks'··-·---·-·-----·
Loans to Federal inter•
mediate credit banks•-·
8
Loans to regional am•
cultural credit corporations (rediscounts)• __ ·- 1,343
Loans to railroads (In·
eluding receivers and
181
trustees)•.······--·-···
See footnotes at end of table.

I 105,021,275.61 ·····-··-•·····

118, 786, 848. 81

29, 158, 906. 01

I

38,710,064.01

38,710,064.01

50, 000, 000. 00 •••••••••• _••••

121• 399,636,000.00
81

12,400,000.00

• 387,236,000.001 ••••••••••••••••

9,250,000. ()()1 ········-······

9,250,000.001 .............. ..

6,596,811. 76 !

J73, 243, 640. 72 I.•• ••••• - ••••• ••

791 745,872,216.96: 106,393,555.89 1

625, 100, 661. 06 i 436, 093, 986. 81

12i 178, Si0, 452. 48i

Digitized by

I

Google

22

REPORT OF RECONSTRUCTION FINANCE CORPORATION

4.-Number of authorizations and borrowers, to which authorizations were·
made; and amount of authorizations, withdrawls or caneclations, disbursementa,
and amount outstanding,from Feb. 2, 1932, to Dec. 31, 1988, inclusive, by StatealContinued

TABLE

GRAND TOTAL-Continued

State

Num•
ber of
au•
thor•
izations

Num.
berof
bor•
row-

Amount
authorized

ers

Amount witb•
drawn or
canceled

Amount outstanding as or
Dec. 31, 1938 •

Amount dis•
bursed

- - -Authorizations-Contd.
Loans for financing ex•
ports of agricultural
surpluses• •.•...•••••.•
Loans to Secretary of
Agriculture to acquire
cotton•.....•.•.••..•.•
Loans to Commodity
Credit Corporation• .••
Suhscriptions for stock
of The RFC Mortgage
Co.• ••..•....••.•......
Subscription for stock of
Federal National Mort•
gage Association• .•.•.•
Suhscriptions for pre•
!erred stock of Export•
Import Bank of Wash·
ington •.•••••.•••...•••
Subscription for pre•
ferred stock of Second
Export•lmport Bank
of Washin~ton, D. C.•.
Loan to Rural Ele,ctrifl•
cation Administration•

7

4 $83, 370, 055. 22 $33, 146, 368. 56

2

1

28

23, liOO, 000. 00

uo. 224, 15ll6. 66

$20, 00!, 895. 99'

----·-----------

20, 200, 000. 00

3, 300, 000. 00

11,604,712,664.09 836, 995, 702. 78

767, 716, 962. 21

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

3

1

25, 000, 000. 00

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

%6, 000; 000. 00

U, 000, 000. 00

1

1

11, 000, 000. 00

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

11, 000, 000. 00

11,000,000.00

3

1

45, 000, 000. 00

··----·--------

45, ooo; ooo. oo

45, 000, 000. 00'

1

1

2, 500, 000. 00

--------·-······

1 106, 500, 000. 00

-·-------·-··----------------

2, 500, 000. 00

1

46, 000, 000. 00

46,497,57U4

-Grand total •••••••••• 38,249 24,058 9,418,901,395. 41 2,081,293,638. 77 716,915,302,522.18 11,814,364, 419. 70

TOTAL, SEC. 5 OF THE RECONSTRUCTION FINA.NOE CORPORATION A.OT, AS
AMENDED
340
41
Arkansas ••••••••••••••••••
375
California .••••••••• _•••.•..
488
151
Colorado ...••••••••••••••.•
91
Connecticut •••••.....•••••
3
Delaware .•.. -•.•...•.•••••
110
District of Columbia .••••••
ll5
Florida .•••.•••.•.•••.•••••
307
Georgia •.••••.•.•••••••••••
138
Idaho .• -•••••••••••••••••••
Illinois ••••••••••••••••••••. 1,412
Indiana ••••••••••••••••••••
537
919
Iowa•• -••••.•••••••••••••••
Kansas .•••.•••••••••••••••
305
Kentucky •••••••.•...•.•••
401
Louisiana••••••.•.•••.•.•.•
428
120
Maine .••.•••••.•.•.•.• -.-·
211
Maryland .... -•.•••.•.•••••
Massachusetts •••....••••.•
175
933
Michhmn .•.•••.•.•••••.•.•
562
Minnesota .••...•..•..••..•
266
MjssissiJ?pl. ••••..•.•••••••
656
Missouri ...••••.•••••.•••.•
143
Montana •••••••.•.••.•••..
469
Nebraska .•••••..•• ·-······
35
Nevada-.••...•••••••••••••
New Hampshire •.•••••••.•
18
715
New Jersey .••......•.•....
41
New Mexico .••.....• -•....
532
New York ......•••••••••••
364
North Carolina .• -···-····161
North Dakota •••••••.•••.•
Ohio ......•••.•••••••..•••.
776
320
Oklahoma .••••...••••••.•.
256
Oregon .... _•.•.•. ·-·· ..•••
Pennsylvania .••••••••••••• 1,230
See footnows at end of table.

Alabama ...••••••••••••••••

Arizona __________________ ...

154
18
197
200
87
42
3
30
126
160
56
707
300
525
172
199
173
36
122
80
416
290
135
332
61
189
12
13
444
19
257
205
83
462
145
87
618

$15, 893, 876. 42 $4, 20:,, 294. 82
287,048.27
3,041,300.00
32, 158, 020. 69
6, 386, 714. 13
209,267,103.50 10, 469, 267. 32
9, 822, 071. 29
1, 499, 022. 97
2, 619, 045. 69
20, 722, 785. 41
257,000.00
8,000.00
2, 878, 536. 01
32,064,534.01
4, 080, 802. 39
10, 329, 430. 82
2, 953, 303. 13
13, 846. 306. 53
8, 269, 781. 61
908,700.85
243, 405, 442. 99 42, 441, 836. 27
54, 668,774.00 10, 990, 464. 24
73, 109, 715. 13 11, 595, 178. 27
9,321,804.31
1, 973, 233. 92
23, 656, 285. 60
4, 443, 456. 70
129, 921, 025. 09 34, 362, 624. 74
7, 868, 2114. 21
65, 027, 734. 02
113, 907, 535. 56 12, 219, 224. 36
9,561,581. 77
71, 704, 903. 32
431, 159, 121. 52 98, 832, 364. 50
3, 577, 224. 78
17,183,179.13
2, 626, 330. 97
19, 196, 237. 03
78, 9.55, 144. 75 24, 244, 379. 10
5, 733, 700. 41
602,498.68
13, 702, 223. 59
2, 408, 505. 63
7, 999, 032. 11
803,556.69
1, 794, 000. 00
356,139.92
141,647,074.31 18, 709, 367. 84
705,669.02
2. 597,215.05
302, 471, 604. 05 103, 552, 323. 79
52, 357, 451. 31 10, 877, 731. 11
7, 944, 784. 75
1, 048, 148. 33
396, 413, 182. 46 89, 234, 811. 04
9, 846. 524. 53
1, 587. 406. 52
11. 526, 831. 43
2, 278, 750. 93
231, 116, 865. 81 63, MO 278. 12

Digitized by

$11, 686, 581. 60
2, 754, 251. 73
25,740,456. 56
198, 38.5, 746. 46
8, 043, 345. ~
18, 103, 739.
249,000.00
29, 041, 998. 00
6, 248, 628. 43"
10, 855, 589. 37
7, 361, 080. 7fJ
200, 801, 306. 72
43, 296, 709. 76
61, 402, 836. 86
7, 348, 570. 39
18, 777, 828. 90
95, 558, 400. 35
67,147,479.81
94, 976, 565. 88
62,056, 921. 55
330, 701, 678. 93
13, 597, 454. 35
16, 569, 906. 06
M, 278, 954. 37
5, 103, 167. 30
10, 993, 717. 96
7, 195, 475. 42
1, 437, 860. 08
116, 725,020. f,6
1,891,646.03
197,932,177.98
41, 312, 579. 82
6, 896, 636. 42
302, 024, 738. 39
8. 259, 118. 01
II, 184, 180. 50
176, 624, 187. 69

$971,629.
1, 188. 848. 21
83,921.31
888,342.63
627,230.40

1, 337, 951. 25
679, (()(). 70
1,031.053.

49, 501, 033.

ffT

249,209.53

275,355.19
171,672.01
51,661.90
19, 162, 469. 96
1, 355, 526. 23
7, 420, 311. 45
11, 031, 407. 63"
13,893", 129. 68
20,787.23
172,535.46
3, 820, 322. W
88,611.95
1, 213, 937. 00
108,399.28

---------------·
10,142,644.91

Google

9,034. 5-~
36, €99, 150. 68
2, 509, 354. 46
39,985.51
7, M3, 767. 48
~.637.98
305. 504. 30
8. 68:l, 700. g7

REPORT OF HECOX8THL"l'TIOX FIXAXCE COHl'ORATION

23

4.-Number of authorizations mid borrowers, to which authorizations were
made; and anunmt of aut/iorizations, wilhdrawls or cancelations, disbursements,
and amount outstanding.from Feb. 2, 19J2, lo Dec. SJ, 1988, inclusive, by States 1Continued

TABLE

TOTAL, SEC. 6 OF TIIE RECO~i'THUCTION Fl~ANCE CORPORATION ACT, AS
A:11 i,;;s; llEU-Continued

~um.l:S:um_j
State

her of hf>r of
hor•

t~~;.
iza-

tions

Amount
authon,ed

row-

IAmount
with•
drawn or

ers

canceled

Amount out•

Amount dis•
bursed

stamii ng as of

Dec. 31, 19J8 •

-Rhode Island ....•.••.••••.
81
South Carolina ....•••..•••
1571
7~1
12\l'
South Dakota ...•.•..•••..
2t,ll
Tennessee ......................
223
48:1
Texas ..•••............••...
ws 3081
Utah ......••••.•.••..•••..
w1
1311
Vermont ••.•.••••.•.•••••.•
371
86
Virginia ....•••••.•..•.•••.
1:,8:
2f>4
6101
"'.ashi~~ton, .•...•.•••.••.
1751
3241
lfiO
" est \ ,rgm1a.•••.•••••.••.
62111
,visconsin_ ...................... ---s:121
Wyoming ....•.......•.••..
231
75
Alaska .....................
21
21
Ilawaii. ...................
2j
2
Puerto Rico ..••••.•.••••.. _ _1, _ _6

;¥,:i
i!~::~~ 1~!
12. o:n. ij9:t 72

f271. 921. 36
4. 081, 2:m. 13
3,842, 387. 18
84. 511,817.03
8. f.78, 271. 78
fi,\ Nil, 2fR.R:i
8 f.26,311.09,
1:1, :113, 831.1)2
2, ,Iii, 746. Sil
2, 218, 289. 77
11. 314,U\HU\3
27, f.65, 056. 33
4. f.:18. 70:l. 00
45. 21 i. 4:19. 21 12. 7fi9, 715. 19
20, 302, 84fi 61
4,458, fi4i. 94
12, fi,'\f,, 2fi I. 67
70, 3U~. 4C.9. 61
4, 6H. 329. 24
534,637. 60
100. ooo. 00 1.••.•..........
14. 1m.oo
8,;o, OO(l. ooi
372,694.25
2. 703,000.001

Total .....••.••.•.... 18,056 V, 023 3,267,919,116.01
Loans to:
The RFC Mortgage Co.•.
14
1 105. 021. 275. 61
Federal National :\lort•
gage ,l.ssociation •..••••
1 50. 000. 000. 00
2
Federal land banks• .....
167
12 '399,636,000.00
Federal
intermediate
credit banks•..........
9, 250,000.00
8
8
Regional
agrlcul turll!
credit corf orations (re.
discounts• .........•... 1. 343
12 178, 840, 452. 48
Railroads (including re•
ceivers and trustees)• •.
181 ~I 745. 812. 216. 95

I

J2, ORS, 9J8. 04

$326, 255. 70
186,705.97
81,394.40
8, 561.142.88
8,139,845. 14
120. 001. 71
137,696.48
2,989,451.85
2, 537, 894. 74
945,782.08
108, 97:l. 31
287,808.95

21, R!"i2, 7fl5. 11
8, 185, 606. f>.I
75, 5M. 311. 04
56, \124, 0:17. 74
HI, ,,52. 084. 75
0, 005, 806. 86
22,677, 8:i9. 73
31,417, 21l5. 72
24,675. 198. 67
57, 742,207.94
4,109.691. 64
100. 000.00
8.15, 897.00
845,305. 75

---------------------------------------------·

652 654,000.86 2, 587, 393, 325. 13

206, 121, 281. 9529, 158,006.01

••.• _•••••....•

98, 786, 848. 81

......•.......•
12. 400,000.00

38. 710. 064. 01
o 387, 236, 000. 00

106, 393. 555. 89

625, 100,661.06

436. 093, 986. 81

Grand total.. .•.••••. 19,661 V, 136 4,756,539,061.05 777, 044. 368. 51 3, 919, 720, 539. 73

710. 084, 238. 7S

38, 710, 064. 01

--------------9,
250,
000.
00
---------------- ------------·5,596,811. 76
173, 243. 640. 72 ---------------·
-

1
B.iNKB .iND TRUST COMPANIES (INCLUDING RECEIVERS, LI~UIDATINO AGENTS AND CONSERVATORS

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

Alabama ...................
314
Arizona ....................
39
Arkansas ..................
312
California ..................
424
Colorado ...•.•••••.•••.••••
128
Connecticut .••••••••••••••
78
Delaware ..................
3
District of Columbia .•••••.
103
Florida.•••••••.•.•••••••••
150
Georgia .•••..•••..•••••••..
279
Idaho ...••••..••••••••••••.
98
Illinois_ .••••••••..••.•••••• 1,263
Indiana....................
506
Iowa .......................
871
Kansas ....................
295

e~ls~~~L.:::::::::::::::
Maine .....................
Maryland .................
Massachusetts ..••.•••.•.••
Michigan ..••.•••.••••••••.
Minnesota .•.••••••••••.•••

~l~~~~f.~~::::::::::::::::

Montana .•••••••...•••••••
Nebraska .•.•••••.•.•••••••
Nevada...•....••••••••••••
New Hampshire .•••••••.••
New Jersey ...•.•••.•••.•••
New Mexico.••••••••••••••
Bee footnotes at end of table.

380
371
)17
152
105
801
549
257
624
99

443
31
18
378

27

138 $12,946.065. 87
16
2, 061, 300. 00
158 26. 690, 006. 49
159 126,234,475.25
5. 338, 993. 30
72
30 18, 498. 217. 73
257. 000.00
3
25 30, 871\, 001. 41
8, 926. 297. 83
JlO
146 11,747,812.02
3, 659, 856. 72
50
610 218,947,984.00
275 47,932,774.00
491 62, 920, 365. 13
8, 802, 304. 31
163
179 20, 780. 857. 60
132 Jl8, 691. 162. 69
33 61. 827. 134. 02
77 62, 344, 393. 96
48 42, 933, 700. 00
1328 408,830,657.60
279 13. 749,679.13
12\l 18. 463, 259. 36
314 62, 967, 002. 84
52
3. 120,987.51
7. 841. 848. 59
li7
6, 403, 725. 92
9
13
1. 794, 000. 00
149 80,847,892.30
14
1, 513. 773. 54

$3,632,841.96
187 048. 27
5, 732,719.86
8. 520. 287. 99
1, 129. 192. 13
2. 2.54, 560. 17
8,000.00
2, 878. 536. 01
3. 940, 182. 78
2, 424, 313. 55
757,710.33
34. 398. 285. 43
0, 621,676.55
8,499, 214. 28
1. 837,750.58
3. 016, 468. 31
32,091.837. 34
7,868,254.21
8, 860, 924. 77
6, 034, 979. 83
93, 071, 046. 22
3, 500. 237. 01
2,615.628. 19
22 112. 205. 51
377,839.61
1, 449, 863. 51
352,594.36
356,139.92
10, 882. 178. 19
539,419.14

$9,313. 223. 91
1,874,251. 73
20, 926, 436. 63
117,702,097.54
4, 209, 801. 17
16, 243, GS 7. 56
249,000.00
27, 852, 465. 40
4,986, Jl5. 05
9, 286, 084. 44
2, 902, 146. 39
184,387,398.57
37. 929,497.45
54, 399, 450. 85
6, 964, 553. 73
17, 329. 389. 29
86, 599, 325. 35
53,946,879.81
53,419,469.19
36,812,320.17
315. 107. 033. 29
10, 240. 942. 12
15. 847,631.17
40. 838, 084. 57
2. 715, 113. 47
6, 391,985.08
6,051,131.56
1. 437,860.08
69, 002, 114. 11
974,354.40

Digitized by

$371,067.07

------ 791,879.
- --- --- .. -3i
83,921.31
5,865.21
610,080.40

---------------667.000.00
345,497.31
662,182. 31i

---------------48, 946, 706. 29

184,789.66
150,511. 2&
171,672.01
51,661.90
17,165.694. 03
2,647. 5S
13,417.43
702,600.00
13, 739, 113. 7~
20,787.23
172,535.46
1, 610, 397. 75
88,611.95
139,128.34

-·----------------------------2, 316, 599. 20

Google

9,034.58

24

REPORT OF RECONSTRUCTION FIN.ANOE CORPORATION

4.-Number of authorizations and borrower&, to v,hich authorizationa t.Nrl
made; and amount of authorizations, withdrav,l& or cancelationa, disburaementa,
and amount otdatanding,from Feb. B, 19SB, to Dec. 81, 1988, incluaiOB, by Statea '-Continued

TABLE

BANXS AND TRUST COKPANU:S (INCLUDING RJ:C:S:IVJ:BS, LIQUil)ATING AGJ:NTS .UID CONBEBVATOBII)

-Continued

Numberof
au•
thoriza.
tlons

State

Num•
berof
bor•
?OW•

Amount
authorized

ers

Amount withdrawn or
canceled

Amount out•
standing as or
Dec. 31, 1938 I

Amount dis·
blll'88d

-New York •••••••••••••••••
422
North Carolina ••••••••••••
2-ll
North Dakota •••••••••••••
lM
-Ohio •••••••••••••••••••••••
603
OklBhoma •••••••••••••••••
299
Oregon ••••••••••••••••••••
226
Pennsylvania •••••••••••••• 1,121
Rhode Island ••••••••••••••
6
South Carolina ••••••••••••
116
South Dakota •••••••••••••
252
Tennessee •••••••••••••••••
433
Texas ••••••••••••••••••••••
503
Utah •.••••••••••••••••••••
93
Vermont •••••••••••••••••••
86
Vll!linla .••••••••••••••••••
234
W ashlnfiton ..•••••••••••••
378
West V rg!nla••••••••••••••
298
Wisconsin •••••••••••••••••
730
Wyoming••••••••••••••••••
41
Alaska ••.••••••••••••••.••
2
Hawaii ..••••••••••••••••••
2
Puerto Rico .••••••••••••••
7

--

191 $118, 281, 293. 21 $19, li02, 281. -l7
II, 772, 258. 65
118 37,981,187.61
7,649, 28-l. 76
1, 039, 880. li8
77
264 286, 393, 899. 64 67, 78-l, o«. 62
4, 691, 874. 63
1,463,972.96
127
1, 667, 778. 38
9, 372, 880. 88
80
629 218,692,159.66 61, 138, 1156. 91
2
1, 873, 413. 40
259,668.36
2, 706, 037. 62
53 21, 500, 946. 13
122
6, 14-0, 916. 70
1,096,113.38
198 73,117,431.50
6, 371, 046. G7
6,066. 872. 22
239 31,498, 47-l. 80
8, 001, 388. 62
2, 406, 163. 17
66
2, 218, 289. 77
37 11,314,096. 63
116 20, 315, 808. 67
3,374,552. 10
147 32. 467, 510. 09 11, 661, o«. 30
138 25, 067, 355. 84
3, 620, 000. 57
444 41, 720, 990. 81 10, 327, 179. 57
17
l, 486,574.42
290,041.63
2
100,000.00
2
850,000.00
H, 103.00
2, 703, 000. 00
372,694.25
6

$10, 579, 4"7.111
181,098.40

$117, 7111, 909. 46
28, 1711, 1128. 96
6, 609, 40l. 17
22'l, "66, 221.119
3, 227, 901. 57
7, 761, 202. 60
166, 600, 802. 7-l
1, 613, 765. 04
18, 791,408. 61
•• 044, 803. 32
66, 660, 784. 83
26, ill, 602. 58
6, 596, 235. 35
9, 095, 806. 86
16, 9-ll, 256. 67
20,773,841.79
21, 378, 355. 27
31, 393, 811. 2-l
1, 196, 632. 89
100,000.00
836,897.00
846,305.76

39,11116.61

S, 430, 477. 81

··-····--------tll,837.113

6, 168, 4M. 112

2t2,360.70
186,050.70
81,39-l.40
6. 1116, G20. 86

2, lllO, ~LOO
12l,IIOLn

137,686.48
86,833.25

1,334,197.118
liOt,02.7'
69,673.31

-------·-------...............................
---------------.............................

Total •••••••••••••••• 16,362 7,345 2,467,169,016.80 470, 982, 896. 89 l, 976, 166, ~ 67

121, 610, 966. 71

B'Ull.DING AND LOJ.N ASSOCIATIONS {INCLUDING RIICJ:IVJ:BS)

[Under sec. 6 of the Reconstruction Finance Corporation Act, as amended]
Alabama ....•.•..••..••.•.•
Arkansas .••.•...••. .•• •.••
California .•..••••..••.•.•..
Colorado .....•.••...•••••••
Connecticut ...... ....•....
Georgia ......•.••.........•
J]linois .•........•....•••...
Indiana ••.•..••.••.•.••....
Iowa . ....••.•.•.•.•..••..•.
Kentucky .•.••••.•.•...•.•
Louisiana . ••..••• •••..•.. ..

Bi:jit::==============
Mississippi. ..•.•..••..•••.

Missouri.. .••••••.•••...•••
Montana ......•.•.........
Nevada .•..•.•••.•.....•.•.
New Jersey ..•.•.•.••.••••.
New York ......•...•......
North Carolina . ..•......••
North Dakota ....••..••••.
Ohio •................••••..
Pennsylvania ..•.•••.••.•.•
South Carolina ..••••.•.•••
South Dakota .•.••.•..••••
Tennessee .... •.•.•.•...•.•

if:~ia
.................. .
Washington ....•.........•

West Virginia ......•.......
Wisconsin . .. .....•.•......
Wyoming ...•.•••..•..•....

3
45
50
1
8

1
73
16
15
16
33
23
24
5
4
1

4
1
292
36
85
3
239
77
28
7
6
24
13
5
17
89
5

3
28
32
1
8
1
70
16
13
16
26
19
16
3
4

1
4
1
264
24
68
2
173
72
19
5
6
20
9
5
16
75
2

$111,000.00
$811 . 96
2, 795,378. 25
137,014.84
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
3, 273, 860. 03
90, 860. 77
2,463,288. 63
130,200.87
2,091,287.87
221,494.69
1~7. 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
36,819,693. 02
1,708,266.69
9, 267, 159. 38
1, 961, 134. 86
3, 580, 018. 39
75, 868. 94
155, 000. 00
3, 022. 75
52,178,834.58 22,547,623.40
4, 122, 100.00
159,297.39
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. 90
849,000.00
5,591.24
1, 626, 000. 00
15, 081. 12
9,041,000.00
463,211. 79
815,611.87
83,472.88

Tote.I................ 1,249 1,022 153,085, 199.40

29,025,705.60

$110,188.04
2, 658, 363. 41
9, 281, 378. 68
106, 736. 94
499,757.86
5,000.00
3,686,017.63
1, 660, 820. 60
1,107,689. 75
1,395,011.61
3, 182, 999. 26
2, 333, 087. 76
1, 869, 793. 18
104,273.52
95, 997.,22
247, 769. 73
235, 536. 22
30, 000. 00
29,271,426. 33
7,306,024.52
3, 504, 149. 45
151, 977. 25
29,631,211.18
3, 962, 802. 61
1, 518, 820. 48
246, 065. 47
289, 594. 85
1,612,733.96
950,611.45
158, 408. 76
1, 610, 318. 88
8, 577, 788. 21
732, 138. 99
118, 134,493.80

See footnotes at end of table.

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.••••...•..•.•.•
$14,226.62
•.••••.•••.••.••
••••..•••.••.•••
••••••••••·•••••
••••••··•··•·•••

30,684.63

••.•..•••..•.••.
••• •••••••••••••
·•••·•• ·••••·••·
405, 132. 13
205, 628. 66
..••••••••••••.•
••·•••••·•••••••
•• ·•••••·•·••••·
••·•••·•·•·••··•
••..••.•.•••••••
.•.. _•.........•
798,647. 61l
·····-··········
•••. ··-· ••·•••••
••.••• ·•••·••··•
212,692.24
19,453.95
.••••••• ·•·•·•·•
..••••••••••••••
••••••••••••••••
·•·•••••••••··••
··••·•·••··•••••
..••.••.••••••••
••••.••••••..•••

WO. 00

287, SOS. 95

1, 975, 174. 76

REPORT OF RECONSTRUCTION FINANCE CORPORATION

25

4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, disbursements,
and amount outstanding, from Feb. 2, 1932, to Dec. 31, 1938, inclusive, by States 1 Continued

TABLE

INSURANCE COKP4NIICS

(Under sec.

5

or the Reconstruction Finance Corporation Act,

BS

amended]

Nwn•NwnState

Alabama ..•••...••••..•....
Arkansas •••.....•.......•.
Colorado ••....••.......•••
District of Columbia .••..•.
Florida .•••••••••••••••.•••
llllnols •••••••••••••••••••••
Indiana .•• •••••••••••••• .
Iowa .••••.•.•.•••••.•••••. •

Karuas .••••••••••••••.....

~::~.~::::::::::::::::
Maryland ••••••.•.....••..
~i~:S~ia:::::::::::::::::

~=f~'.~~=:::::::::::::
Nebraska .. ......••••••• •• •
New Jersey .•.•..••.•••••••
New York •....••••••.•••..
North Carolina ..•...•.....
North Dakota .•.•.•..•••..
Ohio .......••••• ..•.••....•
Oklahoma ••.••.•..... •....
Pennsylvania .•...........•
South Carolina .••..•......
South Dakota ••..•.....••.

Tennessee .•.•.•..... .•..•.

~r:g%ia .•..••• ..•.•••• ....
West Virginia •••••••.••.•..
Wisconsin • .••.•.•••••.••..
Total............... .

beror
th~;.
izatlons

beror
bor•
rowers

Amount
authorized

Amount with•
drawn or
canceled

$41,300.00
80, 000. 00
. . . . • • •. • • ••• •.
. • . . .. . • . .. . . . .

2

2
1
3
9
I
2
2

$339,050.00
435, 000. 00
50, 000. 00
75, 000. 00
33, oro. oo
6,028,500.00
4, 498, 000. 00
3,653.000. 00
422,000.00
1, 000, 000. 00
1,270,000.00
13, 985, 000. 00
4,816,913. 76
28, 500. 00
112,000. 00
9,327,801.91
2,399, JiiO. 00
002, 000. 00
28, 483, 600. 00
1, 932, 500. 00
74, 500. 00
15,865,000. 00
27 5, 000. 00
1,816,225.47
504, 000. 00
50, 000. 00
711, 000. 00
4, 170, 731. 66
365, l 00. 62
736. 900. 77
60, 000. 00

209

133

104,439, 750. 19

6

4
1
1
2
27
10
24
7

1
2
6

16
2
3
14

10
6

17
7
2

6

a

3
4
1
1
2
14
6
13
7
1
2
2
10
2
1
6
6
5
9
5
2
4
2
5

6
3
1
4
12
1
3

. . . .. .. . . . . . . . .

00, 042. 28
1, 262, 021. 45
102,200.84
87,983.34
1, 000, 000. 00
21,943. 75
. •• • • . . . . .. ••. .
609,394. 50
6, 000. 00
. .. •. • . . . • . •. . .

298,218.63
401, 663.56
88, 500. 00
1, 086, 357. 04
112. 50
5, 000. 00
7, 033,661.80
I, 950. 00
744,325.47
. .. . . . . . . . .•. ..
. • •• • . . . . . • . .. •
34, 125. 51
44, 083. 24
10, 104. 37
276, 363. 58
. •. . . • . •• • . .. • .
13,331, 441.86

Amount out•
standiug BS or
Dec. 31, 1938 •

Amount dis•
bursed

$297, 750, 00 ••••••... ·•·••·•
355, 000, 00
$64, 161. 50
50, 000. 00 ••••••••..•.. ••.
75, 000. 00 .... .•• •••••..••
33, ooo. oo ............... .
5,932,457. 72
180,000.00
3, Zl5, 978. 55 .•• .•. ••.••• ....
3,550, 709. 16
124,843.93
334,016.66 ....•••••• ••••·•
......•...........•......••••••••
1,248,056. 25
191,294.02
13, 985, OuO. 00 .•...•....••••••
4,207,519.26
64,413. 92
22, 500. 00 ..••...•..••••••
112, 000. 00 .•••......••••••
8,614,574. 76
1,220,441. 25
1,997,466. 44
37,115.00
813, 500. 00
237, 016. 56
27, 397, 242. 96
364, 045. 50
I, 932, 387. 50 .•• ... •.•......•
69, 500. 00 .• ••••••.•••..••
8,831,338.20 .•••.•••••••...•
273, 050. 00 ..•.....•••.••••
1, 071,000.00 ..•.•••••••.•.••
604, 000. 00 ......••..••••••
50. 000. 00 ..•.....••..•..•
676, 874. 49
273, 000. 00
4, 126, 648. 42
260, 873. 22
375, 092. 25 ...•.•.. •••••• ••
460, 627. 19 ...•••.•••••••• •
60, 000. 00 ..•.... ..••• •.••
00, 603, 200. 81

2, 097, 204. 90

MORTGAGE LOAN COKPANIES

(Under sec. 5 or the Reconstruction Finance Corporation Act,
16
1
6
10
8
4

g
1
4
8
8

3

6

4

8

4
10

21
3

3

47
1
4

12
1

3
2

18
1
30
64
89
4

2
16
1
8
3

38
5

2
2

1
11
1
24
27
60

4
1
10
1
4
2
25
4

BS

amended]

$1,922, 760. 55
$532,340.00
$1,300,410.65
$73,377.44
100,000.00
100,000.00 .•••••••••••••.•• ···•••••••••••••
1,433,500.00
332,168.02
1,101,331.98
91,092.84
69, 742, 49:1. 44
1,082, 750. 48
68,259,742.96 ·····-··········
1,374,000.00
29,903.88
1,344,096. 12
1,413.04
I, 675,000.00
315,243.38
1,359,756.62
17,150.00
1, J 14,532.60 .•••••... ...••.
1,114,532.60
fl70, 951. 25
878,032. 99
95,719.61
782,313.38
331,653.39
1, SJ 1,994.51
483,864.58
1,328, 129. 93
361,521.22
44, 02-1. 52
2,369,976.48 ··············-·
2,414,000.00
10,794,669. 00
6,261,230, 38
4,533,439. 52
343,642.85
22(), 000. 00
22, 508. 08
197, 49 I. 92
64, 419. 87
2, 773, 550. 00
2, 773, 550. 00 ..•••••••.••••••• ···-· ••••••.••••
97, 500. 00
47, 500. 00
50, 000. 00 ••••••••••••••••
92, 500. 00
42, 500. 00
50, 000. 00 .•••••• ·-····· ·6, 483, 502. ~7
2, 157, 982. 88
4, 325, 519. 49
1, 400, 349. 78
3, 200, 000. 00 . • • . . . . . . . . . . • .
3, 200, 000. 00
1, 352, 388. 65
35,114,862.97
3,228,098. 72
25,239,008.93
7,201,265.36
28, 6~7. 648. 32
3,525,758.52
25,141,889.80
10,311,694, 16
14,320,262.29
4, 762, 711. 73
8,675,050.56
99,601. g7
3, 102, 500. 00
67, 500. 00
3,035, 000. 00 . ····-···· ••••••
517,477.67
3,200.00
514,277.67 ·•••••••••••••••
5, 989, 250. 00
1, 410, 724. 69
4, 578, 525. 31
089, 483. 5g
156, 370. 00
202. 39
156, 167. 61 ..••••••••••••••
695, 225. 00
40, 978. 56
654, 246. 44
20, 000. 00
1,510,306.19
395,002.33
1,114,343.86
108,399.28
23,074,188.99
6,027,122.96
16,737,980.22
o, 790,381.47
209, 000. 00
60, 000. 00
149,000. 00 .•••••••.• ·····-

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26

REPORT OF RECO:NSTRUCTION FINANCE CORPORATION

4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, disbursements,
and amount outstanding,from Feb. 2, 1932, to Dec. 31, 1938, inclusive, by States'-

TABLE

Continued

State

MORTGAGE LOAN COMPANIES-Continued
Num•
berof
au•
thor•
izations

Num•
berof
bor•
rowers

Amount
authorized

Amount with•
drawn or
canceled

Amount out•
standing as o(

Amount dis·
bursed

Dec. 31, lll38 I

-New York ..•.••.••••••.•••
North Carolina .•••••••..•.
North Dakota •••••••••••..
Ohio •..•••••.••••••••••••..
Oklahoma.•.....•••••••..•
Oregon ..••...••••.••••••.•
Pennsylvania ..•••••..•••••
South Dakota .•••••••.•••.
Tennessee •••••••••••••••..
Texas .•.••••••••.••••••.•••
Utah ...•.••••••••.••.•.•..
Virp:inia ...•••••..••.••••••
Washington ...••••..••••..
West Virginia ....•••.••••.
Wisconsin .•••••••••••••••.

54
25
1
27
18
9
23
3
34
58
2
13
22
3
8

31 $146, 022, 3CO. 00 $80,817,889. 70
5, 718, 958. 96
006, 587. 20
11
65,000.00
1
245.00
1, 862, 081. 22
20 42, 968, 048. 24
4, 879, 650. 00
121,483.56
16
1,241,420. 25
692,522.55
3
6,081,475.00
1, 478, 550. 11
10
6, 576, 000. 00
2, 731, 262. 25
1
2, 048, 261. 14
11 10, 072, 165. 53
2,667, 754. 16
34 22, 713, 976. 26
1,285,000.00
50,000.00
2
5, 939, 921. 89
1, 228, 995. 63
10
8,
780,
825.
23
1,011,147.95
17
11,500.00
72,500.00
3
6, 488, 762. 92
1, 842, 785. 61
4

------ ----719
420 488, 391, 122. 07 131,314,611.69
1 105,021,275.61 --------------2
1 50, 000, 000. 00 ------------------Grand total.. •••••••.
735
422 643,412,397.68 131,314,611.69

Total. ........••.....
Loans to The RFC Mort•
gage Co.• ................
Loan to Federal National
Mortgage Association• •.

14

$66, 204, 410. 30
4, 812, 371. 76

64. 755. 00

41, 105, 967. 02
4, 758,166.44
548,897.70
4, 602, 924. 89
3,844, 737. 75
7, 840, 240. 18
20, 046, 222. 10
1, 236, 000. 00
4, 362, 412. 66
7,446,872.98
61,000.00
4, 645, 977. 31
347,982, 197. 14

$25, 965, 667. 59
703,196.61

--·------------000, 597. 41

220,637.98

.................................

3, 282, 045. 89

---------------3,092. 522. 02
4, 997, 725. 28
---------------2, 864, 646. 48
1, 112,434.55
15,262. 77
48,500.00

----73,432,012. 7i

98, 786, 848. 81

29, 158, 906. 01

38, 710, 064. 01

38, 710,064.01

485, 479, 109. 96

------141,300,982. 78

CREDIT UNIONS
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
Massachusetts .......•••••.
Michigan ...••.•.••.....•..
Minnesota ...••..•..•••••..
New York ....•..••••.••••.
Rhode Island •.•.•.••••••..
Virginia ..•..••••••••••••..
Total. •••••••••.••••.

3
I
1
1
2
2

2

I

I
1
1
I

$74,555.00
$843. 42
$73,711.58
65, 000. 00
9, 504. 30
65, 495. 70
10, 000. 00
261. 29
9, 738. 71
20,000. 00
20, 000. 00 .••••••..••...• •·
467,446.00
12,263.00
455,183.00
5, 966. 80 • • • • • . • • • • • • • • •
6, 966. 80

$16,469.58
.••••••••• ·•••••
.••••. •·••••••••
.••••••...... -··
83,905.00
..•••••...••••••

--- --- ------------------·1-----642,967.80
42,872.01
600,095.79
100,374.58
7

JOINT·STOCK LAND BANKS

IUnder sec. 5 of the Reconstruction Finance Corporation Act, as amended]
Alabama .••••••••••••••••••
Arkansas ..••.••••••••••••.
Cali!ornia •••.••••••••••••••
Colorado •••...•.•••••••••••
Georgia •.•••..••••••••••••.
Illinois .••••.•••••.••.••••..
Indiana •.•••••.•..••••.••••
Iowa ..•.....••..•..••..•••.

~iiiW~~:.-.::::::::::::::::
Michigan ...•..••..••••••..

Minnesota .••••.•....•.••..
Nebraska ...•.•.•.•.•.•.•.•
North Carolina ••.......•.•
Pennsylvania..•••.•••.••..
South Carolina...•.••..••.
Tennessee .•.••••.•.•••.••.
Texas ..••.•••••••••.••••••.
Utah ...•••.....•...•.•.•..
West Virginia .••......•.•..
Total. .••••••••••••••

I
3

4
5
2
2
4

3
1
2
2

I
8

6
2

8
3
6

1
3

1
1
1
1
1
1
2
2
1
1
I
I
2
3
I
1
2
2

1
3

$575, 000. 00
500,000.00
3,485,000.00
2,494,772.68
205, 000. 00
3,645,300.00
335, 000. 00
2,150,000.00
330, 000. 00
82, 500. 00
1,035,000. 00
185, 000. 00
2,766,000.00
3, 144,786.45
401,000.00
2, 185, 000. 00
190, 000. 00
2,886,000. 00
550,000.00
1,800,000. 00

•• .• • . ..••• •• . .
$576, 000. 00
$527, 084. 53
$104,811.41
485, 188. 59
187,944. 72
342,472. 72
3,142,527.28 ••••••·••······•
80,763.90
2,134,306.24
881,064.38
.. .• • .• . • . •• • . .
205,000. 00 ••••••• ••••••·••
1,383,306. 72
2,261,003.28 ••••••••••••••••
62,078. 76
272, 921. 24 •·••••• •••••••••
170,012.90
1,979,987.10 ••••••••••••••••
330,000. 00 ••••••••......... ••••••••••••••••
.• ••. .. .. . . . . . .
82, 500. 00 ••••••••••••••••
158, 213. 06
876, 786. 94 ..••••••••••••••
..•••... •. .. • . .
185, 000. 00 ..•••••••......•
516,000.00
1,950,000.00
1,017, 69H6
122,906.92
2,883, 742. 15
1,625,059.45
19,148. 24
381,851. 76
212,735.61
1, 168, 463. 98
1,016, 536. 02 ••••••••••••••••
100,000.00
90, 000. 00 ••••••• •••••••••
719, 965. 48
2, 166,034. 52
691,045. M
1,767.58
548,232.42 ••••••••.......•
535, 102. 67
1, 16!, 897. 33
426,096. 57

- -66 - -27 ------------·-----1-----29,035,359.13
5,815,014.34
22, 402, 604. 87
5, 568, 724. 48

See footnotes at end of table.

Digitized by

Google

27

REPORT OF RECONSTUUCTIO:N FINANCE COilPORATION

4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, disbursements,
and amount outstanding,from Feb. !I!, 1932, to Dec. 31, 1938, inclusive, by States 1Continued

"TABLE

AGRICULTURAL CREDIT CORPORATIONS

[Under sec. 6 or the Reconstruction Fine.nee Corporation Act, as amended]
Num• :-Sum•
ber of ber or
tt~~. bor•

State

iza-

row..

tions

ers

Arizona....................
Arkansas..................
Colorado...................
Florida....................
1daho.............. .•.••••.
Iowa.......................
Louisiana..................
New York.................
North Dakota.............
Or~on. ......••••..•••....
South Carolina............
Tennessee.................
Texas......................
Washington...............

1
15
1
2
2
203

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

250

I
6
4
3
7
2

1
2
2
I

I
I

2

1

2

I
I
1
1
2
1
4

Amount
authorized

$880, 000. 00
214,135.95
71,455.31
435, 000. 00
fl3, 889. f,O
4~1. 000. IXI
120,000. ()(l
397, 2fil. 46
1, 000. 00
116, 790. 30
58, 500. oo
124, 2,.0. 00
9fi, 491. 08
3,063,103.89

Amount with•
drawn or

canceled

Amount dis•
bursed

Amount out•
standin~ as or
Dec. 31, 1938 1

•• • •••• •• ••• • ••
••••••••••••••.
$11,500.00
.• ••• • . . • • • • • • •
5, 167. I)('
25,000. Ul

$880, 000. 00 ••••••••••••••••
214,135.95
$30,543. lQ
59, 95,5. 31 ••••••••••••••••
435, 000. 00 .•••••••••••••••
58. 722. 6fl .•••••••••••••••
4,\fi, 000. I~ !..•••.••••••••••

••••••..•..•. •.

120. OOO. IK1 ••••••••••••••••

164,660. 72
2.32, 590. 74 .•••••••••••••••
• •• •• • • • • • • • •• •
1, 000. 00 .•••••••••••••••
. •••••.••• .• . . .
116,790.30 ••• •••••••••••••
58, 500. no .••••••••••••••••••••••••••••••••
121, 2W. 00 ••••••••••••••••..•••••••••.•••••
6,239.95
89, 251. 13 ••••••••••••••••
81,931. 70
2,981, 172. 19
45,312.61

--·1------1--

20

6, 120, 867. 59

477,249.37

6,643,618. 22

84,855.80

LIVESTOCK CREDIT CORPORA TIONB

[Under sec. 5 or the Reconstruction Finance Corporation Act, as amended]
Colorado ••••••••••••••••••
Idaho .....•••••••••••••••..
Missouri.. •••.•..•..••••••.
Montana ...•••••••••.••••.
New Mexico ..••••••••••••.
Oregon •••••••••••.•••••••.
·Texas.••••••••••••••••••••.
Utah •..•.•••••••••••••••••
Wyoming ••••.•••.•••••••..
Total ............... .

4

2

30
1
4
4
35
29

2
1
3
1
1
3
2
4

$.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
2, 342, 142. 95

154

19

14,511,327.88

38
9

$2-14, 400. 00
$138, 450. 00 ••••••••••••••••
IOI, 8110. 00
2,030,235.29 ••••••••••••••••
421,000.00 ····••· .••••.•...••••••••••••••••
14fi, 900. 00
I, 99fi, 3-50. 00 ••••••••••••••••
106,249.88
768. 191. fi3 •••••••••• ••••••
28, 450. 00
242, 290. 00 ••••••••••••••••
25, 9so. oo
2, 442, 445. m .•••••••••••••••
304,826.12
3,172,616.98 •••••••••.••••••
161, 123. 19
2,181,019. 76 ••••••·•··••••••
1, 539, 729. 19

12, 971, 598. 69 ••••••...•••••••

PROCEBSOEB, OR DISTRIBUTOEB SUBJECT TO PROCES81SO TAXES

[Under sec. 5 or the Reconstruction Finance Corporation Act, as amended]
Connecticut .•••••••••••••.

$567. 68 ••••••• ••••••••
$567. 68 ••••••••••••••••
3, 428. 00 . ••• • • • • • • • . • • •
3, 428. 00 ..••••••••••••••
487. no
$487. 90 •••••••••••••••••••••••••••••••••
3, 300. 00
3, 300. 00 .••••••••••••••••.••••.••••••••••
7,400.00
7,400.00 .••••••••••.••••. •••••••••••• ••••
3, 90.5. 69 • •• •• •• • • • • • • • •
3, 905. r,9 .•••••••••••••••
7,000.00
183. 31
6,816.69 ..••••••••••••••

fto°;::;J:
~::::::::::::::::
~~kl Jersey••••.•.•.•.•....
Pennsylvania.•••••••••.••.
Tennessee .••.•.•••••••••••
Total ••••••••••••.•..

7

26,089.27

11,371. 21

14,718.06 ·•••••••••••••••

STATE FUNDS CREATED FOR THE PURPOSE or INSURING REPAYMENT or DEPOSITS OF PUBLIC MoN&YB

[Under sec. 5 or the Reconstruction Finance Corporation Act, as amended]
Wisconsln ••••••••••••••••. 1--31--11_$_1_3,_os_1_,_11_s_.88_ ___$_2_3,_oR_4_.--1,0
1
Total................
3
1 13,087,715.88
23,084. 70

$13,064,631. 181················
13, 064, 631. 18 .•••••••••••••••

See footnotes at end or table.

Digitized by

Google

28

REPORT OF RECONSTRUCTION FINANCE CORPORATION

4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelationa, disbursements,
and amount outatanding,from Feb. 2, 1932, to Dec. 31, 1938, inclusive, 'by States 1 Continued

TABLE

BORROWll:RS ENGAGED IN THI: FISHING INDUSTRY

[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
Nnm•N
berof b~f
t~~;. bor•
iza- rowtions ers

State

Florida ••••.•••.•••••.•••.•
Georgia•••••••••.••••••••..
Maine ...•....•••••.•••.•..
Massachusetts •••••.••••••.
Oregon .•.....••••••••••••.
B<?ut_h _Carolina .•••••••••••
V1rgm1a ....•.•••••••••••••
Washington ..•••••••••••••

12
4
2
3
2
1
1
2

Total. .•••••••••••••.

27

9
2
2
3
2
1
1
2

Amount
authorized

$57, 100. 00
76, 500. 00
600. 00
29, 000. 00
525, 000. 00
22, 000. 00
42, 500. 00
57,000.00

Amount with•
drawn or
canceled

Amount outstanding as or
Dec. 31, 1938 •

Amount disbursed

$44, 900. 00
45, 125. 00
··-·· •• ••.•••.•
. • • • •• •• • • . •• .•
. •• • • •• •• •• • • . •
. .• • • • • • • • • • •• •
.•••••••• •••••.
····"··········

$12,200.00
31, 375. 00
600. 00
29, 000. 00
525, 000. 00
22, 000. 00
42, 500. 00
57,000.00

$2,250.00
7, 350. 01
490. 00
643. 89
255, 666. 67
655. 27
38, 972. 12
45,950.00

---1------1------1-------1-----22
809, 700. 00
90,025. 00
719, 675. 00
351, 977. IHI

TOTAL, SECTION 5c OF THE RECONSTRUCTION FINANCE CORPORATION ACT, AS
AMENDED
[Subscriptions for stock or mortgage loan companies]
Dllnols..•••••••.•••••••••••

$1,250,000.00

Total .•..•...••..••..
The RFC Mortgage Co. 1•••
Federal National Mort•
gage As~ociation •••••.•••

1,250,000.00
1,250,000.00 ··-·········· ....•...•• ·•·· ...•.•
25,000,000.00 ···········-···
$25,000,000.00 $25,000,000.00

Grand total.. ••••••••

3

$1,250,000.00 ······----······- ·•••··••••••••••

11,000,000.00 .••••••••••••••

11, 000, 000. 00

11, 000, 000. 00

37, 250, 000. 00

36, 000, 000. 00

3CI, 000, 000. 00

1, 250, 000. 00

TOTAL, AUTHORIZATIONS TO BUSINESS ENTERPRISES UNDER BEC. 6d OF THE RE•
CONSTRUCTION FINANCE CORPORATION ACT, AS AMENDED
[Direct loans to business enterprises, Including participations]
Alabama ••••••••.••••••••.
Arizona ••.•••••.•••••••••••
Arkansas •••••.•••••••.••..
California ••••••••••.••••••.
Colorado ••••••••••••••••••
Connecticut ••••••••.••••••
Delaware ..•....•..•••••••.
District of Columbia •••••••
Florida .....•••.•.•..••.•••
Georgia ••••..••••..•••••••.
Idaho .•••••••••.••.••••••••
lllinois .•••.••••••••••.••••.
Indiana •...•.•••..•.•••••••
Iowa ....•••.•••...••••••••.
Kansas ....•••••••••••••••.
E;~iW~!:.-.::::::::::::::::
Maine .....••••.•...•...•..
Maryland ...•..•.•.•..•••.
Massachusetts .•••••.•••••.
Michigan ..••.•••.•••.•••..
Minnesota •.•••••••••••••••

tl~~~i~f~~::::::::::::::::
Montana .••••••••..••.•.•.

Nebraska .••....•••••••••••
Nevada ••.......•••••••••••
New Hampshire .•.••••.••.
New Jersey ..••..••••••••••
New Mexico ••.••••••••••••
New York .•••••.••••••••••
See foouiotN ai end of table,

108
14
108
142
61
73
9
29
235
436
40
261
120
46
117
137
48
16
86

222
219
121
65
180
48
67
3
11
238
24
682

102

14
99
132
58

63
9
25
213
384
36
233
113
43
111
130
45
15
75
189
205
114
64
159
44
60
3
9
200
22
572

$2, 819, MS. 33
655,850.00
6, 500, 824. 10
16, 712, 908. 32
1, 375, 783. 33
5, 073, 145. 00
370,000.00
532,885.00
4,560,517.00
11, 200, 630. 93
909,416.00
17, 223, 016. 98
4, 634, 250. 00
1, 694, 425. 00
2, 065, 888. 27
3, 762, 174. 07
1,057,750.00
302,400.00
4, 431, 416. 67
11, 124, 684. 99
20, 046, 664. 65
2, 538, 216. 00
1, 194, 154. 85
11, 187, ~- 00
612,492. /SO
1,339,417.36
101,621.93
1, 673, 500. 00
19, 662, 086. 60
690,600.20
29, 216, 528. 22

$554, 252. 60
26,957.84
488,314.17
1, 573, 231. 95
429,833.80
1,207,192.32
18,500.00
138,562.50
51M, 181. 00
2, 366, 467. 38
79,770.50
4,571,517.81
1, 423, 018. 97
456,125.00
579,330.25
1, 344, 945. 67
143,734.98
114,150.00
1, 552, 253. 67
3, 142, 144. 65
2, 422, 595. 13
569,358.91
433,489.99
2, 998, 816. 36
85,992.50
300,305.29
24,124.14
329, 717,00
7,657,272. 75
126,250.00
10, 228, 416. 95

Digitized by

$821,84.5.00
65,000.00
5, 141, 994. 50
6, 526, 164. 97
450,491.20
2, 829, 000. 00
331,500.00
184,806.00
3, 052, 480. 64
6, 213, 298. 20
735,598.31
10, 353, 930. 18
2, 420, 258. 27
1, 115, 279. 00
1, 012, 508. 87
1,810,484.47
562,769.85
184,250.00
2, 419, 438. 00
5, 294, 189. 88
10, 584, 744. 86
1, 086, 444. 59
343,715.00
5, 281, 569. 31
221,950.00
601,010.40
70,997.79
890,283.00
10, 674, 608. 94

$698. 428. 35

40,000. 00
4,245,017. (4
5,889,800. M
355. 788. 80
1, 802, IM7. 83
23,800. 00
119,231. 00
2, 516, 511. 76
3,816, 177.16
513,463.93
7,225,626.74
1,813,382.68
748,481.76
595,071.1 9
1,291, 159. 72
394,146. IS
97,380. 00
1,412,228. 48
3,653,242. 92
6,744,977.00
728,596.76
242, MS. 02

3,471,02:fl. 07
112,490.21
438, 1117. 112

---·-·--------··
688,402. 98

471, 450. 00
13,542, 121. 27

Google

8, 761, 250. 33
351,737. 98
8,772,422. 20

REPORT OF RECONSTRUCTION FINANCE CORPORATION

29

4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawau or cancelations, disbursementa,
and amount outstanding,from Feb. 2, 1932, to Dec. 31, 1938, inclusive, by States 1 Continued

TABLll

TOTAL, AUTHORIZATIONS TO BUSINESS ENTERPRISES UNDER SEC. Sd OF THE RE•
CONSTRUCTION FINANCE CORPORATION ACT, AS AMENDED-Continued

State

Num- ~um•
berof beror
BU·
bor.
thor• rowiza-tions ers

North Carolina ••••••••.•••
131
21
North Dakota •••••••••••.•
Ohio •..•••.••.•••••••••••••
280
45
Oklahoma ••..•.•••••••.•••
Oregon ••••...•••••.•••••••
128
Pennsylvania ••••••••••••••
371
Rhode Island ...••••••.••••
26
South Carolina •••.••••••.•
56
South Dakota •••••••••••••
25
Tennessee .••••••••••.•••.•
147
214
Texas ••••••••••••••••••••••
Utah .•••••••••••••••••.••.
26
12
Vermont •••••••••••••.•.••.
Virginia •.•••••••••.•.•.•..
74
Washington .••• _ •••••••••• 1 1,207
West Virrinia •••••....•...
60
{H
Wisconsin •••.••••••••.•••.
Wyoming •••••••••••••••••
9

Amount
authorized

Amount with•
drawn or
canceled

$6,893.363. 90
711. 960. 00
16,248,410.89
1,052,850.00
7,542,447.99
27,287,036.96
3, 540, 250. 00
3, 2.57, 075. 00
123,300.00
7,199,048.00
7,671, 5.57. 30
1,000, 195. 32
38~. 100. 00
3,451,662. 50
8,891, 8S3. !6
2, 320, 681.17
6, 838, 425. 00
80,200.00
11,()()(), 00
200,000.00
1,037,500.00

$1, 1142, 147. 22

Total •••••••••••••••• 6,910 6,025 291, 006, 942. 49

70,262,101.25

~1;:'
!!k-::: :::::::::: :: ::::
Puerto Rico •••••••••••••••

1
I
19

--

~,

122
19

244
42
109
306
23
51
25
135

203
22
9
68
941
52
86

8
1
I
17

34,300.00
3, 85,5, 844. 91
111,500.00
1, 766, 648. 92
7,708,325.21
328,000.00
969, 762. 98
67,000.00
1, lll,039.19
900,741. 71
101,500.00
126,990.50
885,469.26
1,892, Of!. 19
804,815.21
I, 728, 130. 97
24,000.00
11,000.00
200,000.00
12,000.00

Amount dis•
bursed

$4, 366, 560. 71
554,638.60
8, 730, 149. 73
376,000.00
4,941,050.54
15, 279, 701. 19
2, 984, 000. 00
665,176.97
26,750.90
3,857,481. 49
1, 884, 595. 22
549,645.32
246,109.50
930,158.91
4, 526, rn2. 62
865,083.44
3, 496, 049. 62
30,200.00

Amount out•
standing as or
Dec. 31, 1938 •

$3, 033, 263. 48
517,362.82
6,414,543. 32
265,773.86
2, 770, 173. 45
12, 222, 688. 03
2, 593, 27 5. 93
225,782.45
16,400.43
2, 703, 527. 40
1, 176, 530. 55
451,485.52
147,933.89
439,036.07
3. 067, 708. 611
554,874.39
2, 835, 16'1. 111
22,650.00

----------------- --------------··

-------------------------------·
834,500.00
725,056. M
150,438,196.36

107,746,586.03

LOANS TO BUSINE88 ENTERPRI8E8

[Under sec. 5d or the Reconstruction Finance Corporation Act, as amended)
Alabama ••••••••.•.•••••••
Arizona ••••••••••••••••••••
Arkansas ••••••••••••••••••
California •• _ ••••••••••••..
Colorado .•••••••••.•.•.••.
Connecticut •••••••••••••••
Delaware- .... --···········
District or Columbia._ •••••
Florida ••••••••••••••••••••
Georgia_ •.••••..••••••••••
Idaho ••.••.•.••••••••••••••
IIJinois •••••••••••••••••.•••
Indiana••••••••••••••••••••
Iowa-••••••••••••••••••••••

50
51
9

22
212
377
32

227

Kentucky •••••••••••••••••

93
38
85
108

Louisiana ••••••••••••••••••

41

Kansas ••••••••••••••••••••

Maine .••••••••••••••••••••
14
Maryland .•.••••••••••••••
74
Massachusetts .••••••••••••
176
Michigan ••••••••••••••••••
166
Minnesota_ ••••••••••••••••
76
Mississippi. •••••••••••••••
51
143
Missouri. •••••••••• ·-······
Montana ••••••••••••••••••
36
Nebraska ••••••••••••••••••
56
Nevada .•••••••••••••••••••
3
New Hampshire •.•••••••••
7
New 1ersey .•••••••••••••••
176
15
New Mexico •••••••••••••••
585
New York .•••.••••••••••••
North Carolina ••••••••••• _
99
18
North Dakota •••••••••••••
189
Ohio_·-····················
Oklahoma ••.••••••••••••••
37
Oregon_ •••.•••••••••••••••
99
Pennsylvania ••••••••••••••
299
Rhode Island .•.••••••.•..•
18
South Carolina •••.••••••••
41
19
South Dakota •••••••••••••
Tennessee •••••••••••••••••
88
Bee footnotes at end of table.

72
4
85
84
47
41
9
18
192
329
29
199
87
35
82
103
39
13

6i
146
154
72
50
125
34

49
3
6
142
13

483
91
16
159
34
84

240
15
37
19
80

$1,296, 100. 00
109,700.00
6, 170, 024. 10
8, 098. 933. 32
1, 192, 700. 00
4, 249, 500. 00
370, 000. 00
463,760.00
4, 146, 7~7. 00
8, 181, 8.39. Tl
813,700.00
16. 352, 468. 65
3, 009, 550. 00
I, 637, 050. 00
1, 278, 004. 94
2,451,674.07
957,500.00
231,650.00
3, 496, 651. 67
9, 504, 650. 00
14,987,214.65
1, 751,680.00
880.080. 00
8, 284, 150. 00
433,900.00
962,300.69
101,621.93
1,128,500.00
17, 979, 183. 27
436,600.00
25, 266, 503. 22
4, 4x2, 157. 14
707,300.00
11, 964, 258. 34
6HO, 350. 00
5, 515, 450. 00
22, 626, 234. 00
2, 630, 000. 00
1, 482, 450. 00
61,950.00
4,336,519.26

$418, 150. 00
20,700.00
306,335.50
927,564.00
391,500.00
991,500.00
18,500.00
127,500.00
394,281.00
1, 785, 9/iO. 72
60,204.50
4, 288, 869. 48
1, 198, 800. 22
442,000.00
328,095.25
718,515.07
138,500.00
114,150.00
1, 388, 213. 67
2, 520, 946. 20
1,916,507.63
389,700.00
416,440.00
1, 335, 505. 56
26,500.00
192,680.29
24,124.14
305,000.00
7, 054, 950. 00
107,000.00
8,499.100. 57
1, 153, 704. 91
33,700.00
2,910, 100. 75
83,000.00
814,748.92
6, 718, 938. 57
316,000.00
761,423.03
27,250.00
616,002.86

$632, lll. 67
$531,841. 54
65,000.00
40,000. 00
5,039,961.17
4, 153, 794. 36
6, 526, 164. 97
5,889,800. 63
416,325.00
336, 169. 00
2,707,000.00
1, 686, 087. 86
331,500.00
23,800. 09
184,806.00
ll9, 231. 00
2,958,412.57
2. 422,443. 63
4, 850. 023. 20
3,029,770. 50
712,098.31
492,030.1 0
10, 050, 180. 18
6,923,435. 38
2, 322, 858. 27
1,740,382. 58
1, ll5. 270. 00
i48, 481. 76
727,421.69
432, 056.1 6
1,498, 401. 14
1,154,453. 68
512,769.85
359, 725. 00
114,250.00
97,380. 00
1, 883, 438. 00
1, 378, 47g, 48
5,187,472.04
3,581,603. 99
10, 155, 544. 86
6,416,454. 53
886,658.88
705, 745. 79
331,215.00
230,221. 63
5. 128,199.31
3, 346, 400. f IJ
168,700.00
85,340.21
596,210.40
434,117. ~ 2
70,997. 791···············
820,000.001
688,402. 96
IO, 130, 658. 94
8, 423, 373. 51
283,450. oo,
272,537. 96
13,075,427.65
8,467, 113. 08
2,
07
4, 822. 26
3, 062, 032. 29
553,678.60
516,940.8 7
7, 846, 802. 59
5,675, 185. 43
265,773.8n
376,000.00
4,257,823.53
2, 594, 478. 49
13, 503, 803. 13
10, 692, 215. 08
2, 282, 000. 00
2,041,942. 6()
225,782.45
665,176.071
11,370.23
20,000. OO!
3, 192,231.491
2, 564, 729. 33

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30

REPORT OF RECONSTRUCTIO~ FINANCE CORPORATION

4.-Number of authorizations and borrowers, to which authorizationa weremade; and amount of authorizations, withdrawal8 or cancelations, disbursements,
and amount outstanding,from Feb. 2, 1932, toDec.31,1938,inclusivtt~byStateal-

TABLE

Continued
LOANS TO BUSINESS ENTERPRISES-Continued
Numberor
au•
thor•
izations

Num•
berof
bor•
rowers

165
Texas .. __ -·················
Utah. __ ..•.•••••••••••.•••
21
Vermont .••.•••••••••••••••
8
Virginia ......••••••••••.••
46
,vashington •....••.•••.••• •1, 133
West Virginia
.•••••••••••••
41
Wisconsin
_________________
57
Wyoming•.•..••..••••••••.
7
1
Alaska_··-·················
Puerto Rico ••••••••••••••.
16

155
17
5
42
877
36
54
6
1
16

State

Amount
authorized

Amount with•
drawn or
canceled

Amount disbursed

Amount out•
standing as of
Dec. 31, 1938 I

$6, 383, 540. 74
768,445.32
342,000.00
l, 712, 500. 00
7, 030, 308. 16
1, 398, 595. 45
5,231,525.00
33,700.00
11,000.00
922,500.00

$940, 534. 15
101,500.00
98,600. !iO
716,009.26
1, 'D7, 826. 11
565,099.50
1, 689, 000. 00
1,500.00
11,000.00
12,000.00

$1, 672, 866. 48
624,145.32
243, 309. !iO
887,158.91
f,288,«137.62
696,213.44
3, 186, 850. 59
30,200.00

759, 500. 00

651,30CI.M-

Total. •••.•••••••••.. 5,593 4,793 225. 445, 750. 19

55, 596, 892. 36

137, 531, 1156. 36

99, 11611, (03. 5S

--

$1, IM4, 179. 156.
426,055.52
145, 133. 89·
396,036.or
2, 868, 664. OZ
toll, 'D2. IS.
2, 731, 200. 21
22,650.00,

PURCHASES OF PARTICIPATIONS, AND AGREEMENTS TO PURCHASE PARTICIPATIONS. IN LoANS- '?0 BUIINJ:88ENTERPRISES
[Under sec. 5d of the Reconstruction Finance Corporation Act, as amendedT
Alabama
••••••••.•.•••.•.._
Arizona ___________________
Arkansas •.•••••••••••••••.
California ••••••.•••••••••.
Colorado .••.•••..•••••••••
Connecticut. •.... __ .••••••
District of Columbia .•••.••
Florid3 ••...........•.•.. __
Georgia .•...•.. _. __ ······-_
Idaho ...•...•...•••••••.••.
Illinois .•••••.••..•••.•.•.•
Indiana ..•..•.•••••••.••••.
Iowa ..•..•....••.•..•.•.•••

Kansas __ ·-----------------

fiiiWi!L::::::::::::::::
Maine ....•.•.••.•....•...•
Maryl"nd ..•.•.•••.•...•..
Massachusetts ..•.•...•....
Michigan ..........•••.....
Minnesota ........•.•....•.

m~~;~tr?.~::::::::::::::::

Montana .••..•••••••.•.•..
Nebraska_._ ....•.•.•••••..
New Hampshire ..•.•••••..
New Jersey ...••.••••••••..
New Mexico ..•.•.•.•••••••
New York ......•.•.••.••..
North Carolina ••..••••••..
North Dakota •••.•.•.•••••
Ohio ....•.••....••.•••.•.••
Oklahoma •••.•••.•••••••••
Oregon ..•....•.•.•.•••••••
Pennsylvania .•••••••••••••
Rhode Island_ .•••••••••••.
South Carolina ••••••••••••
South Dakota ..••••••••••.
Tennessee .••••••••••••••••
Tex""-·····················
Utah_ ..•.•.•.••••••••••••.
Vermont.
••••.•••••••••••.._
Virginia
__________________
Washington .•..•••••••••.•
West Virginia .•••••••••••..
\Visconsin __________ ,. _____ _

::;;:;/~.g--:::::::::::::::::
Puerto Rico .••...•••.•..••

31

30

10

10

14
49
11
22
7

23

59
8
34
21
8
32
29
7
2
12
46
53
45
14
37
12
11
4
62
9
97
32
3
91
8
29
72
8
15
6
59
49
5
4

28
74
19
34
2
1
3

14
48
11
22
7
21
55
7
34
26
8

29

27
6
2
11
43
51
42
14

34
10

11
3
68
9
89
31
3
85
8
25
66

8
14
6
55
48
5
4
26
64
16
32
2
1
1

Total................ 1,317 1,232

$1, 523, 448. 33
$136, 102. 50
$189, 733. 33
$I66, 586. 81
446,150.00
6,257 84 •••••••••·••·•••• ·••••••··•••·•·•
330, 800. 00
181, 978. 67
102, 033. 33
Ill, 223. 08
8,613,975.00
645,667.95 ···············-· ••••••···•·····•
183, 083. 33
38, 333. 80
34, 166. 20
19, 618. 00
823, 645. 00
215, 692. 32
122, 000.. 00
115, 116(). 00·
69,125.00
11,062.50 .••••••......... _ ·•••••·······•·•
413,730.00
109,900.00
94,068.07
94,068.07
3,018,791.66
580,516. 66
1,363,275.00
786,406. 6595, 716. 00
19, 566. 00
23, 500. 00 '
21, 433. 77
870,548.33
282,648.33
303,750.00
302, 191. 36
724, 100. oo
224, 218. 75
97, roo. oo
73, ooo. oo57,375.00
14,125.00 ··•••••·•···•···· .•••••.........•
786,983.33
251,235.00
285,087.18
162,115.03
1,310,500.00
626,430.60
312,083.33
136,706.04
100, 250. 00
5, 234. 98
50,000. 00 ·
M, 421. 18
70,750.00 .••••.........•
70,000.00 ······•··••······
934,765.00
164,040.00
536,000.00
33,750.00
1,620,034.99
621,198.45
106,717.84"
71,638. 936, 059, 450. 00
506, 087. 50
429, 200. 00
S28, 522. 50
786, 535. 00
179, 658. 91
199, 785. 71
22, 850. 97
314,074.85
17,049.99
12,500.00
12. 326. 39
2, 903, 050. 00
1, 663, 310. 80
153, 370. 00
124, 625. 51
178,592.50
59,492.50
53,250. (lf)
27.150. 00
377, 026. 67
107, 625. 00
4, 800. 00
4, 800. 00
545,000.00
24,717.00
70,283.00 •••••••••••..•• _
1, 682, 903. 33
602, 322. 75
543, 950. 00
337, 876. 82
254,000.20
19,250.00
188,000.00
79,200.00
3, 950, 025. 00
1, 729, 226. 38
466,693. 62
305, 309. 12
2, 411, 200. 76
488, 442. 31
1,304', 528. 42
958, «1. 22'
4, 660. 00
600. 00
960. 00
421. 95
4, 284, 152. 55
945, 654. 16
883, 257. 14
739, 357. 89
372, 500. 00
28, 500. 00 ·•••••• .•••••••...••••••••• ••·•·•
2,026,997.99
951,900. oo
683, m. 01
175,694. 11e
4, 660, 802. 96
989, 386. 64
1,775,898. 06
1, 530, -i72. 95
910,250.00
12,000.00
702,000.00
551,333.33
1,774,625.00
208,339.95 ••••••••••·•••••• .•••••••••.....•
61,350.00
39,750.00
5,850.00
5,030.20
2, 862, 528. 74
494, 136. 33
665, 250. 00
138, 798. 07
1,268,016.56
50,207.56
211, 728. 73
132,350.89
321,750.00 .•••••• -.......
25,500.00
25,430.00•
46, 100. 00
28, 300. 00
2, 800. 00
2, 800. 00
1, 739, 162. 50
169, 460. oo
43, ooo. oo
43, ooo. oo·
1,861,575.00
614,235.08
237,525.00
199, IM4. 6T
922, 085. 12
239, 715. 71
168, s10. oo
145, 602. u·
1, 600, 000. 00
139, 130. 97
309, 199. 03
103, 872. 9846, 500. 00
. 22, 500. 00 . • •• • •• • • •• • • • •• • . •••••••••••••••
200,000.00
200,000.00 •••••••••·••····• ••••••••••.•••.•
115, 000. 00 ••••••••••••••·
75,000.00
73, 750. 0065,561,192.30

14,665,208.89

12, 906, 24(). 00

Bee footnotes at end of table.

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8,177,182. "8-

REPORT OF RECONSTRUCTION FINANCE CORPORATION

31

;,-

4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, disbursements,
and amount outstanding, from Feb. 2, 1932, to Dec. 31, 1938, inclusive, by States 1-

. TABLE

,

Continued
LOANS TO PUBLIC BODIES TO AID IN FINANCING PROJECTS AUTHORIZED UNDER
FEDERAL, STATE, OR MUNICIPAL LAW
[Under sec. 5d of the Reconstruction Finance Corporation Act, as amended]
Num•Num•
berof
thor• bor•

t>,:~~f

State

iza.

row•
tions ers

· Alabama.••••••••••.•••••••
Arkansas •••.•..••..•••••••
California...•...•...•••.•••
Florida .•...•...•••.•.••• _.

-R~~r!~~::::::::::::::::::::
Indiana.•.••••.•••••...••..
_Iowa....•••....•••.•••...•.
Kansas .•••.•••••••••....•.

Louisiana_·······----·-···-

5
7
5
4
2
6
I
I
I
I

2
5
5
4

2
6
I

1
I
I
I

Maine .••.••••••••••••••.••
Michigan .•..••.•••.•••••••
Mississippi. ••.••••••.•••••
Montana .••....•••••••••.•
New Hampshire ..•.•.•.•..
Kew Jersey .....•.•.•.•.•..
New Mexico......•...•.•..
:\'ew York ..........•.•....
Korth Carolina •....••.....
Ohio .•.....•...............
Oklahoma .•..••.•.•.•...•.
Pennsylvania.•..••••......
Tennessee .••••••••••••••••
Texas.•••••••••.••••••••.•.
Utah .•..••...•.•.••••••.••
Washington •.•.•.•.•••••••
Wisconsin •••••••••••••••.•

I
2
8
1
I
I
1
3
2
7
I
I
3
6
1
2
1

1
3
2
3
1
1
2
6
1
1
1

Total ••••••••••••••••

75

62

Amount
authorized

Amount with•

$2,746,000.00
34.o, 000. 00
351i, fiOO. 00
1, 607, 000. 00
4, 62fi, 991. 81
732,000.00
67,100.00
255,000.00
7,000.00
19,000.00

$246,000.00 ·•··•·•·•••••••·• ..••••••••••••••
92,000.00 •.. ···•·••••••••• .....•••••••••.•
164,000.00 ..........................•......
. . .• . • . • • • . •. • •
$836, 000. 00
$836, 000. 00
.•••••. •.. .• ...
2,426,991.81
2,426,991.81
·•············· .•.........•..•...•••....••...•..
...•..•••..••................•........•..•.•••..
.••.......••.......•............ ······•··•·•··•·
...•.................•...............•.......•..
..••.........•. •••·•·••·····•••· ....••.•........

drawn or
canceled

Amount out•
standing as of
Dec. 31, 1938 •

Amount dls•
bursed

f~: ::: ~1:::::::::::::::
:::::::::::::::::
::::::::::::::::
220,000.00
23,500.00
23,500.00

2
6

4,839,500.001

I
I
I

I,

Uii;: ~: ~

1
::::::::::::::: ::::::::::::::::: ::::::::::::::::

418,000.00
13,000.00
10, 266, 036. 00
64,000.00
I, 283,000.00
600,000.00
3,5, 000, 000. 00
9, 000, 000. 00
2,857,000.00

......•••••.•••.........••••••.. •••·••••····•·••
.•... ••••••·•·• ........... ····· ..••.••••••..••••
.. • .. . . . . . . . . . .
9, 700, 036. 00 ..••••••••..••••
19,000.00 ..•..••..... _.....•..•......... -·
737,000.00
515,000.00
515,000.00
..•........•......................••••••••••.•••
..... ....... .. .
9, 1.59. 525. 92 ·•··••······ _··•
6, 000, 000. 00
3, 000, 000. 00
3, 000, 000. 00
19,000.00 .••..•••••...•.....••.••..•.•••••
r,3, ooo. oo
63, ooo. oo ................................ .
13,720,000.00 ..••.....•.•••• ····•·••·•·•••••· ........••.•••..
55,000.00 ······•·•······ ···········•··••· ...•...•........

90, 755,127.81

7,560,000.00

:15, 661, 053. 73

6, 801, 491. 81

TOTAL, SEC. 5e OF THE RECONSTRUCTION FINANCE CORPORATION ACT, AS
AMENDED
[Loans on the asseta of closed banks and trust companies]
California •••••.....•••...•.
Colorado •••....••.•...... _
Florida .....•.........••...
fllinois •••...•••....••.••••.
Indiana •••••••.....•••••••.
lowa ..•.......••..•..••....
Kansas ..•...•.•••..••..••.
Michigan ...••••••.••......
llinnesota..•.••••..•.•....
Missouri.. •••••••••.••••••.
Nebraska ••••••••. _ •••••.•.
Nevada •....•...•••..••••. _
New York ......••..••••...
North Carolina ..••..••••..
~g!'lh Dakota ••••••...•...

3
2
1
2
2
9
2
58
10

3
2
I

2
2
9

2
54
10

I

I

19

Oklahoma .•.....••..••••..
Pennsylvania ..•.•••...•...
South Carolina •• _••.•.....
South Dakota._ ..••.......
Texas .......•••...•••......
Wisconsin •••.•.•.••••.....

19
1
2
2
32
6
1
2
1
25
12
4

Total. .•••••..•••••••

197

10 _______ --- ---- __ -- -----

I

2
2
32
I
I

2
I

25
12
4
188

$35, 901. 55
$508. 68
$35, 392. 87
$9, 994. 78
10,050.20
2,812.00
i, 238. 20 ·•········ ······
1,100.00 ······---·--·-·
I, 100.00
495.62
680, 585. 03
76,049. 67
604, 535. 36
2, 560. 04
46,600.00
4,100.00
22,500.00 ...•.......... _.
105,002. 20
29,546. 79
75,455.41
11,091. 57
24,500.00
11,107.93
13,392.07
2,478. 20
14,531,997. 55
1,033,283.03
13,070,514.52
I, 818, 103. 81
139,847. 13
46,845.53
93,001.60
30,585.94
14,500.00
3,176.68
14,500.00 ···············
18i, 529. 32
164,916. 73
253,951.84
66,422. 52
6, 000. 00
6. 000. 00 ............... _. . ........ _.. _.•.
16, 922. 72
2, 691. 22
14, 231. 50
10, 426. 19
15,005.00 -·········-···15,005.00
6,983.91
39, i98.12
523,795.86
329,502. 75
563,593.98
70,259,749. 73 32,173,717.85
28,596,905.39
10,000.00
8, 800. 00
427. 51
8, 372. 49
2, 644. 65
268,000.00
2,955. 50
265,044. 50
247,973.80
1,450,000.00
136,935.82
I, 313,064. 18
1,007,932. 15
317, 6i4. 86
88,007.38
229,667.48
146, 108. 25
194,053.11
92, 179. 79
101,873.32
43,615.95
6,875.68
101,721.08
86,146.93
15,574. 15
89, 045, 555. 98

33, 899, 536. 27

45, 208, 693. 22

3, 855, 466. 70

See footnotes at end of table.

Digitized by

Google

32

REPORT OF RECONSTRUCTION FINANCE CORPORATION

4.-Number of authorizations and borrowers,· to which authorizatiom VIII
made; and amount of authorizations, withdrawal& or cancelatiom, di,bu~
and amount outstanding, from Feb. 2, 1932, to Dec. 31, 1938, incluawe, by S1a1a1...
Continued

TABLE

LOANS ON SELF-LIQUIDATING PROJECTS

[Under sec. 201 (a), title II, of the Emergency Relief and Construction Act of 1932, as amended]
Num•Num•
ber of her of
t~~;. bor•
iza- rowtions ers

State

Am,mnt
authorized

Amount with•
drawn or
canceled

Amount dis•
bursed

AmoonlUJI,

slandinga,
Dec.31,11111•

- - - - - - - - - - - - - ------1------1-- - - - -1
Alabama
•.•.... . .........._
Arizona ___________________
Arkansas ......... . ..... . . .
California ................ .
Colorado ................. .
Connecticut. ............. .
Florida .. ... . ........... .. .
Georgia ................... .
I daho .... ... •..............
Illinois .... ......... . . .. ... .
Indiana
.................•.._
Io,va ______________________
Kansas ...........•.....••.
Ken tucky_________________
. . .............. ._
Louisiana
Maryland ... ...... ... . ... .
Michigan .. .......... .. ... .
Minnesota .... ....... ... .. .

~:~~5..it~'.~~::::::::::::::

Montana .. ....... ... . .... .
Nebraska ... . .... ......... .
New Hampshire .......... .
New Jersey .............. . .
New Mexico .... ....... ... .
New York ........... .... . .
North Carolina ........... .
Ohio ...................... .
Oklahoma ................ .
Oregon .. _·······-··•··-._.
Pennsylvania ... _... .. .. _..
South Carolina .. . ........ .
South Dakota .... ........ .
Texa.c;; ____________ _______ __ _

4

1
3
1
2
3
2
2
1
5
6
10
8
10
2
2
4

Utah ............... . . .... .

Virginia __________________ _
Wisconsin _____________ ___ _

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

I

7
4
1
3
16

3
l
21

Washington .............. .
West Virginia ............ .

Wyoming ................. .
Puerto Rico ..... . .. ...... .

6
5
10
13
5
1
7
2

6
3
10
8

5
1
7
2
1
7
4
1
3
14
4
I

3
1
2
3
2
2
1
4
4
9
8
9
2
2
4
2
1
20

6

6

8
2
1
I

8
2

l
l

1
1

l
l

---192

$224,000. 00
$149,500.00
$74,500.00
1, 703, 500. 00
13, 500. 00
1,400,000.00
1, 463, 851. 92
515, 000. 00
948,851. 92
310, 655, 700. 00
6, 436, 000. 00
254,255,097.06
2, 002, 233. 79
572, 430. 00
1,429,803. 7~
, OOl
100,000.00
100,000.00 ••• ..•.•.•......... .......... -·
930, 000. 00
714,930.78
!00,
1, 644, 930. 78
41, 000. 00
19, 000. 00
22,000.00
UII
60,000.00 ········••·····
60,000.00
IO.
7,830,723.00
4,756,250. 00
3,074,473.00
li,fllll
833, 000.00
773,000.00
60, 000.00
5~1111
9,700.00
9,700.00 ·····-- ·········· ··············-·
820, 000.00 ...............
820,000.00
iM,
1,519,624. 00
514,624.00
998,000.00
a.
16,063, 000.00
1,789,777.20
14,273,222.80 ···········-·59,850. 00 . .... . .........
59,850.00 ·•·········•····
643,841.47
!Tt,2110
718,841.47
75,000.00
575,000.00
575,000. 00 ....•.•...... •..• ··········-··325, 000. 00
50, 000. 00
275,000.00
l2l.
996,140.00
954,140. 00
42,000.00
207, 000. 00
27, 000. 00
180, 000. 00
75, 000. 00
60, 000. 00
15,000.00
1\
250,000.00 ······-·······250,000.00 ············3, 361, 904. 37
85, 904. 37
3,276,000.00
6, 279, 600. 00
309, 000. 00
5,385,600.00
~ Ill
5,341,000. 00
21,862,000.00 12, ,
27,218,000.00
1, 120,473.20
592,473.20
528,000.00
171...,
628,800.00
175,300.00
453,500.00
,.....~
299, 9R2. 81 ...............
299, ll82.81
:II.
734, 625. 00
10, 000. 00
724,625.00
ill.
315, ooo. oo
215, ooo. oo
100. ooo. oo
230,500. 00
81,000.00
149,500.00
jQ,
105,000.00
105,000.00 ····· ··· ··•······ ••••·· .. --·
4, 278, 662. 85
3, 185, 650. 00
1,093,012.85
LI.ill
737, 300. 00
685,300.00
52,000.00
!Sl.111
2,110,225.80
131,376. 00
1,978,849.80
3, 026, 318. 37
2, 476, 318. 37
550,000.00 ··········-

··········•r

4l: 888: 88 ....... ~~~:~ ········•o;ooo:oo ..........-::

125, 000.00
125,000.00 ··••···· ··•· ••· •· ··········l, 300, 000. 00 . . . . . .. .. ..... .
1,300,000.00:::::.:::::::::

176 400,092,487.36

31,841,243. 14

317,389,641. 28

ISO. 10~ L

LOANS FOR FINANCING REPAIR OF DAMAGE BY EARTHQUAKE, FIRE, TORNADO,
OR CYCLONE IN 1933
[Under sec. 201 (a) (6), title II, of the Emergency Relief and Construction Act of 1392, as
r:alirornla ••••.....•..•.•...
Kansas .• _......•..•.••••..
Louisiana ..••.•••.•....•.••
Maine ...••••••••••••....••
Tennessee •.••...•.••••••••

6
1
1
4
I

1
1
I
2

1

-- -6
Total ......•.••••••.•
13

7, 500, 000. 00
1, 000, 232. 20
200,000.00
1, 650, 000. 00
100,000.00

639.00
886,627.32
43,200.00
990,627.04
130. 74

1o, 450, 232. 20

1,921, 124. 10

See footnotes at end of table.

Digitized by

Google

IJlllllll!d!._

7,499,381.00 ···•--j~iit~
113, TIK.88
19.on.l!
JM,800.0II
481.511-;1

659,372-911
99,869.28

8, 629, 108. 10

....

-.;;

REPORT OF RECONSTRUCTION FINANCE CORPORATION

33

4.-Number of authorizations and borrower,, to which authorization, wer,
mad8; and amount of authorization&, withdrawals or cancelationa, dilbursements,
and amount outatanding, from Feb. 2, 1932, to Dec. 31, 1938, inclusive, by State,,__
Continued

TABLE

LOANS FOB FINANCING OF AGRICULTURAL COMMODITIES AND LIVESTOCK
[Under sec. 201 (d), title II, of the Emergency Relief and Construction Act of 1932]

State

Num•Num•
~~.or heror

\~~~· ~o°!:

tions

I

I

Arkansas..................

5
21
I
2
7
I
I
6
12
l1

5
16
1
I
2
I
I
3
4
10

I
5

2
JO
2
6

1
4

8

Amount dis·
bursed

Amount out•
standing as of
Dec. 31, 1938 1

ers

Alabama...................
C'alifomla..................
Colorado..................
Delaware..................
Florida....................
Georgia....................
Illinois.....................
Indiana....................
Kentucky
Louisiana::::::::::::::::::
Maine.....................
Maryland..................
Massachusetts.............
~ichigan.. ...•.. .. ... ... ..
Mississippi................
Missouri...................
Montana..................
New Jersey................
New York.................

Amount with·
drawn or
canceled

Amount
authorized

I

2
2
7

2
51
1
2
f>

$150. 000. 00
$150. 000. 00 ••••••..••••••.••••••.•••••••••••
725. 000. 00
603,219.30
$121, 780. 70 ·••••••••·••••••
5,063,750.00
2, 4@, 5fl0. 87
2,594, 189. 13 ..••••••••.•••••
500,000.00
374,950.00
125,050.00 .•••••.•••••••••
100,000.00
99,100.00
900. 00 ..••••••••••••••
39:J,377.:!2 ..•..•..•.•...•
393,377.32 ..••••••••••••••
15, 000. 00 • • • • • • • • . . . . . • •
15. ()(10. 00 ..•.••••.•••••••
JO, 500. 00
2, 000. 00
8, 500. 00 ..••••..••.•••••
757, lll..'i4•
460, 21 I. 94
200,899. t;O ••••••••••••••••
5,5fil,511.97
3,127,5S9.16
2,37:l,922.81
$72,447.66
50,495,000.00 50,452,250.00
42,750.00 •••••.••••••••••
35,000.00
35,000.00 ..••••.......••...•••.••••.••••••
575,000.00
200,000.00
375,000.00 .•••••....•..•••
:!50, 000. 00
I:!~, 60:!. 71
211,396.29
3,781.94
570. 0110. 00
412,402. so
127,597.20 .•.•••••••.••.••
tiO, 750. 00
60,750.00
101. OOtJ. OU
8, 0110. 00
00, 000. 00
2,500.00
615.00
1,885.00 .••••.••....••••
285, ()(JO. 00
11, 4:12. 03
27:l, 567. 97 ..••••••..••••••
1, 700, 21i\l. fl5,
1, 0UU, 344. 17
6011, 925. 41; ••••••••••••••••
12
2

·····4o;soo:oo

1

~~~lg i:i:i~i~~::::::::::::

t

:!

Total.. .. _...........
Loans to Commodity
Credit Corporation '· .•..

159

105

28

1 1,604,712,664. \XI 836, 995, 702. 78

Oranttotal..........

187

1ooj1,600,774,178.07J 903,362,724.08

g:)~~: ggi

~:

Ohio ....•......•.......... _
5
3
!,O:l5.01~1.0U 1
Oregon ... ····••···········
4
2
3:,0, 00IJ. IX),
Pennsylvania..............
4
2
318,500.001
Tennessee.................
8
3 12.n10, n:J.25,
'rems......................
6
5
219, 5!il. 110:
Vir~inia._..................
4
4
~,;s,r,21.\lll
Washington...............
6
5
3:13, o:m. 001
West Virginia..............
2
I
175,om.oo
Wisconsin .. ············-··
7
4
l. 571. :m. 44
Puerto Rico ....••••........ _ _21 _ _1 _1_,_00_0_,Ut_i_o._00_

g~g ii

u~: ~gt: bL::::::::::::::

4()(!,217.72
5.i7,7S2.2S
393,000,00
1V5, S20. 71
154,179.29 ···•············
2S, 062. 24
290,437. 76 .............. ..
4,3ns.82.5.84
8,301,897.41
14,400.00
20. 000. oo
mu, 551. oo ............... .
60:1.no.27
2ti-l,894.f>4
71,755.34
145,724.80
187,305.20
100,000.00
17,5.000.00 ···••········-··- ••••••.•.•••••••
95, 750. oo
I, 475, !i63. 44 ..•...•..•.•..•.
637,745.53
362,254.47 ....•..•...•.•••

1

86,061,513.08

66,367,021.30

19,557,491.78

695,884.94

767,716,962. 21 .•••.•....•..•••
787,274,453.IXI

695,884.114

AMOUNTS MADE AVAILABLE FOR RELIEF AND WORK RELIEF
[Under sec. 1, title I, of the Emergency Relief and Construction Act of 1932, as amended]
Alabama.-.•.••••......... .
Arizona _..•.•..•..••.. ... •.
Arkansas .••.... •.. •.•. ....
California ..••.•. ••.•...•.••
Colorado....•...••.. _•...•.
Florida .•.....• _.•.........

~~'l:-ta ....................

14
7
7
g
8
6

20
6

U!inols ....•...•.• .•.....•..
Indiana .... . ..... .•... •... .
Jowa ....•.•.•.•.••...•.....

13
16
10
7

~~~!~~.:::::::::::::::::

9
6
6
2

Kansas .••.•..•.• ••••. •.•••

i~~?t\I/I/
Montana . ••. ••••• .•....• . .

30
8

8
16
21

1
1
1
I
1
1
l
l

I

l

1
1
1
I
1
1
1
1
I
1
1

$4,211, 688.00
1,448,269.00
4,833,967.00
10,081,631.00
3,832,990. 00
3,886,612.00
1,745,692.00
1,026,566.00
65,443,721.00
6,179,931.00
2,151,430.00
2, 592, 934, 00
6,728, 987.00
8,200,127.00
252,895.00
176,380.00
21,808,199.00
2,581,787.00
4,058,919.00
4,616,789.00
2, 368, 285. 00

-•·············
-· · ·· ····· ·····
·····- ··· ·· · · ··
- ·-···-····· ····-············
·· · -··· ··· ····· ·········· · ···· ·····-·-·····
· ··········-· ··
.. ••....•.... • •
. ..... ... .... . .
.. . .........•••
·••··••·· .....•
.•......•..•..•
- ··············
·••···•· ··· ····
··· · ·········--·· ·········· ··
•.. . .....•.••..
•···· ······ ·· ··
.•.•.•.•••• .••.

$4,211,688.00
1,448,269, 00
4, 833, 967. 00
10,081,631.00
3, 832, 990. 00
3,886,512.00
I, 745, 692. 00
1, 026, 666. 00
65, 443, 721. 00
5,179,931.00
2, 161,430.00
2, 692, Q34. 00
6, 728, 987. 00
8, 200, 127. 00
252, 895. 00
176, 380. 00
21, 808,199.00
2,581,787.00
4,058,919.00
4, 616, 789. 00
2, 368, 285. 00

See footnotes at end of table.
13680~39--8

Digitized by

Google

······-·········
..• • •. ••·• ··· •••
. . •• . •... . ...••
··•· • •••• •· · ••• •
.•.....•..• • • •.•
.•• . ·•••·• ···•••
• •••••.•••..••.•
.••••• .•.•.•••••
. •••••.• ••• •••••
••· •••·•· •··••• •
. •.• ·••• ·•••••••
.• . •.•.•••• •••••
.•..••.•••••••••
...•......••••• •
. •.••.•• •••• ••. •
. •.•.•.•• •••••••
········· -······
••••..•• • •••••••
·••·••••••••·•••
•••••• ••••••• • • •
•• •• ••. •••• • . • ••

34

REPORT OF RECONSTRUCTION FINANCE CORPORATION

4.-Number of authorizationa and borrotOeTB, to whuh autl&orimlionl m
made; and amount of authorizationa, withdratoala or cancelationB, dubwni.t,,
and amount out8tanding,from Feb.$, 193$, to Du. 31, 1988, incluaioe, bvStatuL...
Continued

TABLE

AMOUNTS MADE AVAILABLE FOR RELIEF AND WORK RELIEF-Continued

State

Numb;~.of
tbor•
izations

Number of
bor•
rowers

Amount

authorized

Amount withdrawn or
canceled

Amount disbursed

Amount GUI,
standin(MII
llec,11,\ I

I

1

262,632. 00
1,366,603.00
2,009,291.00
387, 903. 00
26, 600,000.00
5,950, 000. 00
592,768, 00
19,272, 205, 00
4, 570,597.00
2, 798,290.00
34, 029,875, 00
1, 123,500. 00
4,575, 270, 00
I. 803,945.00
3,375,352.00
7. 952, 292.00
2, 923, 430.00
3, 405,304.00
5,977,430.00
9, 655, 218, 00
12, 395,362, 00
394, 935, 00
360, 000. 00

-- ---------------------·-----· --- ------ ----- -- -- ----- ------- ----- -------------------·- - -----------15,000.00
--- ---· --------------- ------ ·-------------- ·-·--- --·-·-·. ·-·· - - --- ----· -- ----. --- -·- . • • --··---·---·
1. 00
··-· ·-- - - - --------· ---· ---- -·- -- - -- - - - ---- .. -- ·-- - --- ---- ---------- - - -· -- -- ·----- -- ---- ------ ---·--

442

44 300,000,000. 00

15, 001.00

N evada·--·--·- -· ·-- ··-····
New Jlampsb ire ... . . - ···-N ew J ersey_ · ·-·-·-· ----··New Mexico ... ·- ···- ·--- - New York . .. . ... . ·- ·-·-···
N orth Carolina_._ ···--- - -·
N orth Dakota·---·- -- -··· ·
Ohio .. ·-··· - ··· · -- - -·--··- Oklahoma .. ·-····· · · · --·-·

JO

3
l
5
5

5
11
37
5
16
7

Oregon . . . --·-·-·--·-·---··

P en nsylvania·----·-· - ---·Rhode Island . ___ .-•·--····
South Carolina ___ ··- - ··-··
South Dakota _... ---·· - ·-T ennessee·---··-·- - ·--- -- T e1a.s .... ·-·--·- ···----·-··
Utah .. ·--·-·--····· ·· -····
Virginia____________ _____ __
W ashington.·····-·· -··-··
West Vir~inia .. . · -·- --·- · Wisconsi n.__ ___ __ _________
Hawaii.·-·--··--·-·····-··
Puerto Rieo_·-·-·--·-···· ·

Totat________________

2

7
5

13
13

9
20
18
15

5
2

See footnotes at end or table,

Digitized by

Google

262,632.00 ............. _
1,366,600.00 ...............
2,009,291.00 ............ ,387,900.00 . ............ 26,600.000. 00 .......-...-... .
5,950,000.00 ............ _.
592,768.00 .. .... ........ ..
19,257,205.00 ··-······-·--4,570,597. 00 ..........- 2, 79 , 290.00 ...............
34, 929,875.00 ............1,123, 590,00 .•.........• -.
4,575,270.00 ··········-··
1,803,945.00 ............ _.
3,375,352, 00 · · ···-·· ... -7,952. 291.00 ... ... ...... 2,923, 439,00 . .. ..........3,495, 30t 00 ··· ·-·--·-····
5,977,430. 00 ... ........9,655,218. 00 . . ..........12,395.362, 00 ··••·· ....... 394, 935.00 ·••··•··· ....360,000.00 ................

1------+----.
1
299,984,999.00

(I)

.1

TABLE

4.-Number of authorizations and borrowers, to which authorizations were made; and am.ount of authorizations, withdrawaUJ or eancelations, disbursements, and amount outstanding, from Feb. i!, 1932, to Dec. 31, 1938, inclusive, by States '---Continued
TOTAL, ACT APPROVED MAR. 9, 1933, AS AMENDED

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

State

Number Number
Netnum•
Less:
ol
of
her ol
author!• borrow• Duplicl\•
borrow•
tions 10
ers
zations
ers

Amount author•
ized

Amount with•
drawn
or canceled

Amount disbursed

!=:I

,,,t'J
Amount outstand•
Ing as or nee. 31,
1938'

-- ---Alabama ••..•....................•.••.....•••••••••.•••
Arizona .•.....•...................•....•.••••••.•...•..
Arkansas ..•.................•...•••..•.•..••••.•...••.
California ..•.•.....•....•..•..••.••.••.•.•.•...•......
Colorado ....•.........•.........••.•.....••.•...•..•.•.
Connecticut. ........................••.••••••....•....
Delaware ............................•..••........•.•..
District of Columbia ....••...........•••..••.•...•.•..
Florida ...••.•...................•.•..•.......•...•.•..
Georgia .••..••.....••........•..................•.•.•.•
Idaho ....................................•.•......•....
Illinois ..•.......•................•.......•....•....••.•
Indiana .••...........•..•..•....•.••.....•.•..•...•....
Iowa ..•.•••.•...•.......•..•.....•....••...•..•.••.....
Kansas .....•.........•............•.•........••.••.•.•

~~~l.~~~~

... ······•········ ...... ···············:··•:.

MaiP 0 •••••••••••••••••••••••••••••••••••••••••••••••••
Maryland .....•.•...•.•••••.•.•...........•...•.•.•...
Massachusetts •..••..•.....•.•••...•...............••••
Michigan ...•...••..•.•...........•..............•.....
0

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(1)
Q_

~

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0

~

~

a~~~:f~~··················· .........................

Montana ..•....•.........................•..•..•.••...
Nebraska ••.•.........•................•....•.•••.•..•.
Nevada .......•.........•.........•.............••.•.•.
New Hampsbire ...........•.......•..••..•.........•..
New Jersey ...............•....•.••.•..••••...•...•.••.
New Mexico•..•••....•.••....•.•••....•......•........
New York ••.•.........•.•.••..••.....•...•.•...•.•...•
North Carolina ...•.••...•...........•....•.•••.....•.•
North Dakota ............•.......•.................•.•
Ohio .•....................•.....•.•.•.•.•••.•.....•.•••
Se~ footnot\lS at ~nd of table,

97
6
139
152

63
87
15
9
64
101
35
263
346
157
232
144
205
46
79
94
224
317
289
283
76
789
4
15
349
25
695
148
153
460

84
6
133
141
59
43
14
8
53
96
29
253
307
153
221
135
201
45
70
76
207
290

288
253
75
205

7
••••••••••
6
4
·•·•··••1
••••••••••
.••••••.•.
7
1
I
2

------ ----1
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---------81

4
2
·•••••••••
2
8
129
1
15
45

4 ·••···•···

15 .•••••••••
276
29
22 •••••••••·
607
711

B2

1

141
~7

1
3

77
6
127
137
59
42
14
8
46
95
28
2.>l
307
152
2"21
135
120
41
68

76
205
282
1~
252
60
160
4
15
247
22

828
Bl
140
434

:m.

00
$16, 143.
2, 455. 000. 00
5, 365, 500. 00
78, 37a, 070. 00
5, 040, 000. 00
8,609,800.00
2, 680, 000. 00
5, 200, 000. (X)
2. 332, 200. OU
5,897,500.00
2,335,000.00
94, 679, 500. 00
18, 664, 250. 00
12, 6-IO, 500. 00
6, 049, 250. 00
11, 182,500.00
16. 607,000.00
11, 173, 000. 00
11, 408, 130. 00
20,031,000.00
43. 965, 100. 00
18,083,125.00
15,368,150.00
25, 708, 300. 00
4,117,500.00
9,504. 3(1(), 00
205,000.00
1, 36.1, 00(), 00
88, 626, 800. 00
1,077,500.00
395,497,100.00
8, 18l, 500. 00
4, 504,500.00
100, 505, 764. 00

$289, 625. 00
25,000.00
946,500.00
9,870,645. no
146, 5(1()_ 00
1,417,674.00
2, 112,700.00
2. 3(1(), rm. OU
131, (Xl()_ 00
1, 01\2, 000. 00
205, ()(I()_ 00
3, 048, 385. 83
1,873,000.00
2,377,500.00
776, 5(1()_ 00
2, 302, 650. 00
1,000, (XJO. ()()
2. 047. 5ll0. IIO
2, 059, 960. 00
3, 3[,f,, 8(1()_ (I()
3, 239, 839. 00
704,600.00
1, 05ft, 000. 00
4, 89:1, 37 5. 00
87,000.00
970,250.00

-------------------611,365.00
9,515,283.93
362,500.00
74,396,310.84
694,000.00
490,000.00
7, 133,527.00

$15, 853, 575. 00
2, 430, CXIO. 0C
4, 4 IQ, 000. (Xl
68. 502, 425. 00
4, R9:l. 5ll0. IXl
7, IY2. 126.00
567, 3(1()_ 00
2, 900. ()()()_ (JO
2 PR, 200. 00
4, 83,5. [>IX)_ 00
2. 130,000. (XI
91. 581,114.17
16, 791. 250. 00
10, 248. ()XJ_ 00
5, 272, 7.'\0 <XI
8, 879, 850. 00
15,547, ()(JO_ (X)
9, 12.'\, 5lXJ. 00
P, 348, 170. 00
16,674,200. OU
40,725,261. (I()
17,378, 525. OU
14. 313. 15ll. OU
20,801.125. CXJ
4, 030, 500. 00
8, 534, 050. 00
205, !kXI. OU
751,635.00
78,345, O!fi. 07
715,000.001
317, 238, 589. 16
7,488, 5()()_ 00
4,014, 500. 00
93, 372,237.00

SIi. 917,588.98
1,215,200.00
3, 4.'\4, [,SJ. 56
41, 31<1, 427. 91
2,3S6,31Xl.OO
5, !!112, 41111. 33
31fi,\l(J(l.OO
2, 140, J(X)_ 00
1,419, 47Y. 04
3, 041. 5118. 45
1,629, 115'.1. 00
35, 111, 629. 22
10,518,345.00
5,574, (H\.\. 00
3, 6.17, 594. 01
6, 2f,8, 457. 50
7,358,575.00
6, IIKl, 182. 58
7,380, li'JO. 00
9, 1,12. u.55. 10
29,572,704.81
7. 5:19, 043. 74
7, 208, >il4. 81
7, 243, :Jf>4. 63
1,214,740.00
3, oso, 181. 34
97. !>Xl. 00
23f>, 135. 00
67, lfl5, !,63. 57
554, ,1()(), 00
113,560, 109. 69
5, 174, 889. 37
2, 326, f.04. 23
54,490,324. 74

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TABLE

4.-Number of authorizations and borrowers, to which authorizations were made; and amount of authorizations, withdrawals or cancelations, disbursements, and amount outstanding, from Feb. 2, 1932, to Dec. 31, 1938, inclusive, by States L-Continued

Ci.:>
er.,

TOTAL, ACT APPROVED MAR. 9, 1933, AS AMENDED-Contin ued
~

I

Net numNumber Number
Less:
ber of
of
of
Duplica- borrowautbori• borrow1
tions 0
ers
ers
zations

State

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

1 - - -1 - --

Oklaboma . .. ..... .•. .. .. . . ..•••... ..•. ••... ... . . . . •• ··

:: :::::: . •· · · ··· · .:
~~~t~~i ;ania . . . . .... . :: : : : :: :: .: ..: :::. .....
. ... . · ····· ··· ·
R hode Island . ....... . ...... ...
South Carolina . .. .. ... ••· •·········· · ·················
South Dakota .. .....•.. .. . ..... .. ..•....... . . . .........
T ennessee •. .•.. . .....•... .. ........ •·• •· · ··· · · · ·· ·· ···
Texas •• •....•.. • •. •.. . . . •. . ••..... ..• ••.. · · · ····•· •· · · ·
Utah . •. . •..•. . . •..... •........ .......• . . ···· · ··· •··•··
Vermont .••.......... . ... . ... . ... . .... . •··· ••······· · ··
Virginia ....•......... ... .... •··· ···· ······ · ······ ·····

..:.~~:::::::::::::::::::::::::::·::········
;:r~i~1;i
Wisconsin

0

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Wyoming. •• •. ... ..•..•... . .•.... •.....•... ...•...... ..
Alaska.. . . . . . .. . ...... ... .... ···· ··· ·· ··· ·· ··· ·· · · · ····
P uerto Rico .. . . .. . ...... .. •... .... . •....... •··· · · · ····
Virgin Islands . • •.••• . ... . . . •. . .. ... . . ... .... •·········

Total •... . •••••••. .••.•••.. •.• •..•••••• · ····•••·•
Subscriptions tor preferred stock of:
··· 0··,·
' · · ·····
Washington
Bank ofBank
Export-Import
··
n, D.
of Washingto
Export-Import
Second
Grand totaL ••••..•••• •••..••••• •• ••••• . •••. •••

1- --

51
56
375

138
465

442

44

44 ••• ••• • ·••

44

5

45

143

62
176
11 4

105
526
31
1
4

3

60
164
110
95
456
27
l

. ...... . . .
I
. ..... . .. .
.. .... .. . .

2
2
· ····· · •· ·

I
1 • •••.• ....

4

LJLJ ··········
8,617

1

8, 621

7, 304

Amount w ith•
drawn
or canceled

Amount disbursed

460

4

40
128

133
60
163
110
95
454
25
1
3
1

6,844

8357, 000. 00
$11, 291,000.00
350,000.00
2, 300, 000. 00
10,251,753.50
56, 28(), 850. 00
20 1,500. 00
I , 100, 000. 00
160, 000. 00
2, 93 I , 800. 00
84,000.00
4,522, 100. 00
l , 662, 500. 00
14, 221, fi50 . 00
5,190,625.00
36, 564, 750.-00
315,000. 00
4, 310,000.00
17,370, 625. 00 ······ · · · · ·· ·••···· ·
2, 068, 350. 00
12, 763, 000. 00
1, 432, 000. 00
7, 496, 500. 00
534, 933. 34
6, 996, 000. 00
4, 727, 900. 00
38, 075, OQO. 00
320, 000. 00
1, 687, 500. 00
37,500. 00 . . ......•.......•...
250, 000. 00
1, 500, 000. 00
126, 000. 00
251, 000. 00
1, 273, 280,214. 00

169, 593, 552. 44

45, 000, 000. 00
- -f:.:==~-·······
001••·
. ...
. ...
1,.-. ---------::-::1
- : -000.
1 - t - - - - - : - -2,500,
--

7, 306

Amount outstand•
ing as of D ec. 31,
1938

I

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

6
57
56 ······ · ···
11
386
4 ••• •• • ••.•
40 ······-···
1
129
2
135
4
446

81
61
452

Amount author•
izcd

460

6,846

1,320,780,214. 00

169, 593, 552. 44

$2,357, 963. 73
$10, 934, 000. 00
996, I 75. 00
1, 950,000. 00
36, 264, 109. 93
45, 995, 096. 50
697, 9()(). 00
898, 500.00
1, 983, 850. 00
2, 771, 800. 00
2, 673, 905. 91
4, 428, 100. 00
10,616,200.00
12, 550, 050. 00
18, 832,298.60
31,374,125. 00
2,054, 56: . 43
3,995,000.00
16, 691, 050. 00
17, 370, 625. 00
6, 716,600.50
10,694,650. 00
2, 473, 750.00
6,064, 500. 00
3, 778, 388. 59
6, 461, 066. 66
23, 994, 816. 17
33, 347, 100. 00
888,706. 06
l , 367,500. 00
37, 500. 00 •. . . .••.•• •.. ..•....
450, 000. 00
1, 250, 000. 00
121, 500. 00
125,000.00
1, 098, 914, 161. 56

543, 834, 658. 53

~~~~~~:~
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1
588, 834, 658. 53
l , 146,414,161. 56

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REPORT OF RECONSTRUCTION FINANCE CORPORATION
TABLII

37

4.-Number of autltori,ationa and borr010era, to which authori,ationa were

IIIGlk; and amount of authori,ationa, withdrawal& or cancelationa, diaburaemenu,

and amount ouutanding,from Feb. t, 19St, to Dec. SJ, 1988, inclusive, by State, 1 Continued
LOANII ON

huuRJ:D STOCI[

or

BANl[II AND Taun COIIPANUIII

[Under the act approved Illar. 9, 1933, as amended)

~~fNum.
au• berOf
thor• bor•
h:a• row.

State

tions
Alabama •• _ •••••• •••••••••
Arizona. .•••...•••.•• •• ••••
Arkansas ....•... ....• •....
California. ...••••.•••.••.••
Connecticut •..••••• • •• ••••
Florida ••.. ..•.•••.••••••••
Georgia..•....•.. ..•.•.....

19
1

7

9
I
7
6

2

I
I

I
7

~;is·-:=:::::::::::::::::
Iowa. .•..••.•••• ••••• . •••..

I
I

Kansas .. •.••••••••••.•..• .
Maine . ......••••••• ... •• •.
Maryland ..•.•.••..• •• • •••
Massachusetts .••••••....•.
Michigan •••.••••.•••......

I

I
I

2

2

4
6

~E~i~~::::::::::::::::

22
I
I
I

Montana ...•. .• .•..•...• . .
Nebraska ....• .. ••••••.••..
New Jersey •..••• •••••.•.•.
New Ycrk •...•.••••.•..•••
NGrth Carolina .•• • ••......
Korth Dakota ..••..•• . •• ••
Ohio ••..........•....•..•• .
Oklahoma ... . ..••...••.. •.
Pennsylvania... .......... .
South Dakota ..•••.•••••• .

689

~

3

ir:g%-1a:::
::: ::: :: :::: ::::
West Virginia ...•..•...•.. .
Wisconsin .••..••••• . ••..•.
Wyoming ...•..•••• •••• ••• .

~

I
I
I
106
29
42
3

I

2

I
6
12

6

Tennessee .•..........••...

•

I
3

3

28
66
2
7
4
I
4
3

Total.. ...... ...... . . 1, 120

Amount with•
drawn or
canceled

Amount dis•
horsed

Amount out•
standing as of
Dec. 31, 1938 •

ers

12
42
16

12
2

Amount
authorlted

I
2
6
I

I
3

2
272

$3, 180,600.00
$32,025.00
$3, 148,576. 00
!863, 286. 98
60, 000. 00 • • • • • . . • . • • • • . .
60, 000. 00 ..•••.. .•• • . ••••
549, 6()1), 00 . . . . . . . . . . . . . .
540, 500. 00
327, 009. 28
3, 071,050.00
639. 760 00
2,53 1, 300. 00
9,907. 91
309, 800.00
160,000.00
140,800. 00
9. 541. 83
135.200.00
1,000. 00
131, 200. 00
23,939.04
25, 000. 00 . . • • . • • • . . . • . . .
2,;, 000. 00 .. ..• ••••••.••••
2.'i. 000. 00 • .•. . • . . . • • • • . .
25, 000. 00 . ••.•••..... • ...
12, 500. 00 ··•·•• - · · ·····
12,500.00
7,587. 66
60. 000. 00 • • • • • • . . . . . . . . .
50, 000. 00 ....•. . ....... ..
:l't, 000. 00
3, 000. 00
23,000.00
17,971.57
573,000.00
47,500. ('()
525,500. 00
500,857.58
30. 630. 00 . . . . . •• . . . . . . .
30, 630. 00 .. •• •..•........
500, 000. 00 .. . . • . . . . .. . . .
006. 000 00
I , 295. 10
5,300.00
432, 200.00
313,933. 81
437,500. 00
175,625. 00
I, 600. 00
174,025.00
13 • 112. 84
22. 6l0. 00 .. . . . ........ ..
22, 050. 00
12, 878. 19
1,64 ,000. 00 •· • •••••···•····· ·· · · ··•· •·• ···••
1,54 ,000 00
10,000. 00 ·········• · ····
10. 000. 00 ·· · ··· · ···•···· •
2, 81 I. 700. 00
248,700. 00
2,563,000.00
521. 431. 34
4,929, O.IO. 00
I, 702, 100. 00
3, 220, 9,50. 00
2,382,485. 57
2, 2<JI, 150. 00
227,050.00
I, 979,200. 00
1,323,058. 37
17,500. 00
12,500. 00
175,000 00
li,144.37
20. 000. 00 . . •. . . . . .•• . • • .
20, 000. 00
18, 000. 00
2, 400. 00 . . •. • . . . . . . . • . •
2, 400. 00
2, 254. 74
791 , 000. 00
264,500. 00
520,500. 00
12,038. 73
410,660. 00
27,100.00
383,450. 00
235. 581. 50
6, 100. 00 .. ... . . .. .. . .. .
6, 100. 00
4,145.48
300, 000. 00 .. . . . . . . . . . . . . .
300, 000. 00
00, 000. 00
451. 250. 00
300,000.00
151. 250. 00
109,979.01
20, 000. 00
5,000. 00
15, 000. 00 . .......•.....•.
200, 000. 00 .. .. . . • . . . . . . . .
200, 000. 00
121, 556. 09
83,000.00 ... ............
83,000.00
46,84 1.17
115,000. 00 ·• ···· ·· ..• •....
115,000.00
45,406.06

23, 274, ~55. 00

5,126,025.00

I 8, 148, 730. 00

7,345,104.20

SUBSCRIPTIONS roa PREr&RRSD 8TOCI[ or BANKS AND TRUIU' COMPANIRS

[Under the act approved Mar. 9, 1933, as amended)
Alabama•••.•••••••.••••••.
Aritona .•.•••••••••••••••.•
Arkansas .•••••••••••.•••..
California •••.••••••••••••••
Colorado••.••.•••••••••••••
Connecticut ••••••••••••••.
Delaware .•.•.•••..••••••••
District of Columbia .•••••.
Florida ••......•••• __ •.•.•.

?:~~la::::::::::::::::::::
Illinois .•••••••.••••••••••••
Indiana••••••••••••••••••••
Iowa ..•...•••••••..••••••••
Kansas •••••.••.•.•••••.••.

;~~~:.::::::::::::::::
Maryland .•.•••••.•.••••..
MBS!8Cbusetts .••••••••••••

Sli;~r::::::::::::::::
pp

78
4
132
139

63
45
5
4
49
21
34
153
62
156
230
144
103
30
19
82
221
110
163

75 $12, 962, 600. 00
4
1, 565, 000. 00
126
4,816,000.00
135 70, 302, 020. 00
59
5, 040, 000. 00
8, 300, 000. 00
42
5
165,000.00
3, 400, 000. 00
3
2, 197, 000. 00
2, 522, 500. 00
20
28
2, 310,000. 00
147 85, 396, 000. 00
61
7,847,500.00
152 12, 500, 500. 00
219
6, 021, 250. 00
135 11, 182, 500. 00
IOI 10, 871, 000. 00
8, 160,000. 00
29
15
4, 250, 000. 00
73 19, 525, 000. 00
42,
827, 600. 00
204
106 13, 803, 500. 00
152
8 965 000.00

'°

$257, 600. 00
25,000.00
946,500.00
II, 330, 895. 00
146,500.00
1, 257, 674. 00
27,700.00
2, 300, 000. 00
130,000.00
825,000.00
205,000.00
1, 348, 385. 83
659,000.00
2, 377, 500. 00
773,500.00
2, 302, 650. 00
425,000.00
I, 000, 000. 00
1, 282, 460. 00
3, 356, 800. 00
3, 234, 639. 00
400,000.00
495 000.00

$12, 705, 000. 00
I, 540, 000. 00
3, 869, 500. 00
60,971, 125. 00
4, 893, 500. 00
7, 042, 326. 00
137,300.00
1, 100, 000. 00
2, 042, 000. 00
1, 697, 500. 00
2, 105, 000. 00
83,997,614.17
7, 188, 500. 00
10, 198, 000. 00
5,247,750.00
8, 879, 850. 00
10, 446, 000. 00
7, 160, 000. 00
2,967,540.00
16, 108, 200. 00
39, 593, 061. 00
13, 403, 500. 00
8, 470 000.00

$8,054,300. 00
I, 215,200. 00
3,120,672. 28
38, 371, 460. 00
2,356,300. 00
5,792,957. /iO
130,300. 00
932,300. 00
1,395,MO. 00
1,020,500. 00
1,629, 9/iO. 00
30, 637, 391. 67
3,188,445. 00
5,574,065. 00
3,619,622.
6,268,457. /iO
7,276,475. 00
4,274,575. 00
2,227,540. 00
8,904,660. 00
29, 258, 771. 00
5,236, 170. 00
7 113 616. 62

See footnotes at end of table.

Digitized by

Google

«

38

REPORT OF RECONSTRUCTION FINANCE CORPORATION

4.-Number of authoriiationit and borrowers, to 'IDhicA authoriiatione '!Dete
made; and amount of authorizatiOM, 'IDithdra'!Dal, or cancelatiom, diaburaemmu,
and amount outstanding, from Feb. e, 19SB, to Du. St, 1998, incluaive, by Statu 1 Continued

TABLE

8UBSCRIPTION8 1'0B PBJ:l'J:BJIJ:D BTOClt or BillU AND TB171ff COKPAKIJ:&-Contlnned

Num•
beror
au•
thor•
izations

State

Missouri.. •.•.•.•...•••••..
Montana ••••.•.•••.•••••..
Nebraska ...•.•••.....•...•
Nevada ...........•.•.•....
New Hampshire .•••••..•..
New Jersey .•.•.•.•.•.....•
New Mexico •.......••.•.•.
New York ...•.............
North Carolina ••.......•••
North Dakota .••••.••.••..
Ohio .•..•••••.•...•••••.•.•
Oklahoma .•••.•••••..••...
Oregon .•...........•......
Pennsylvania .•.......•....
Rhode Island .....••.•.....
South Carolina .•••........
1louth Dakota •••...•.••.•.
Tennessee •••...••••••.••..
Texas .•.•..•..•.•...•..•...
Utah ......••...•.•••..•••.
Vermont •••••.••••.....••..
V!rrinia ....•.....•••..••..
Washington ......•........
West Virginia .•.•..••.•••..
Wisconsin ..•...•.•••...•..

~!~:i:'.~!::::::::::::::::::
Puerto Rico ....•.••.......

Virgin Islands .• _........•.

102
50
52
4
15
273
25

305
145
34
99
53
21
396
5
13
36
136
170
10
42
172
33

SB
!16
28
I
I
3

--

N'um•
beror
bor•
row...
ers

Amount
authorized

Amount with•
drawn or
canceled

$902,875. 00
92 $10, 813, 800. 00
3, 515, 500. 00
77,000.00
49
6, 007, 500. 00
672,550.00
52
205,000.00 --------------4
1, 363, 000. 00
611,365.00
15
7, 063, 183. 93
245 82, 347, 750. 00
1,077,500.00
362, 500. 00
22
7, 533, 360. 84
293 155, 700, 750. 00
7, 995, 000. 00
681, 500. 00
139
2, 440, 500. 00
40,000.00
33
1,686, 027. 00
90 38, 234, 364. 00
10,
500,
000.
00
51
92,500.00
915,000.00
25,000.00
21
374 55, 876, 300. 00 10, 224, 653. 60
1, 100,000. 00
201, 500. 00
4
1,645,000.00
10
90,000.00
2, 973, 000. 00
25,000.00
34
1, 662, 500. 00
133 13, 921, 550. 00
161 26, 610, 500. 00
3, 140, 125. 00
I, 590, 000. 00
10
265,000.00
7, 770, 000. 00
42
2, 063, 3JIO. 00
163 12,743,000.00
3, 870, 000. 00
1, 130, 000. 00
30
3, 365, 000. 00
119,933.34
37
1,445,400. 00
60 16, 757, 500. 00
I, 672, 500. 00
320,000.00
25
37,500.00 --------------1
260,000.00
1
250,000.00
I
251,000.00
126,000.00

Amount disburs81l

$9,897, 125. 00

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

Total. ..•............ 4,365 4,129 816, 468, 484. 00
Subscriptions for preferred
stock of:
Export•Import Bank of
Washln~ton •••...•..
1 45, 000, 000. 00
3
Second Export•Import
Bank of Wash!ngton,
D. C.• .••.....•••••..•• 1
I
2, 500, 000. 00

--·

Grand to,al .•••.•.••. 4,369 4,131 863, 968, 484. 00

3, 438, 500. 00
5, 334, 950. 00
205,000.00
751,635.00
74,518,066.07
715,000.00
144,305,189.16
7,313, 500. 00
2, 400, 500. 00
36, 548, 337. 00
10, 407, 500. 00
890,000.00
45, 611, 646. 50
898,500.00
1,555,000.00
2, 948, 000. 00
12, 259, 050. 00
23, 470, 375. 00
1, 325, 000. 00
7, 770, 000. 00
10, 679, 650. 00
2, 740, 000. 00
3, 245, 066. 66
15, 312, 100. 00
1, 252, 500. 00
37,500.00

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

Amount out•
standing as of
Dec. 31, 1938 I

$3, 320, 315. 00
1, 069, 490. 00
1,983. 6li0. 00
97,000.00
236,135.00
64, 183, 378. 00
554, 500. 00
35, 882, 026. 32
6, 157,745.00
002, 675. 00
20, 611, 295. 00
2, 345, 925. 00
155,700.00
36, 028, 528. 34
697,900.00
1, 362, 050. 00
1, 699, 975. 00
10, 626, 200. 00
13, 614, 675. 00
886,811.43
7,091,050.00
6, 716, 600. 50
1, 765, 275. 00
1, 474, 107. 50
11, 103,475.00
843,300.00

--------------·-

121,500.00

73, 918, 027. 44

737, 777, 966. 56

408, 1196, 451.10

-------------------·----------

46, 000, 000. 00

45,000,000.00

2, 500, 000. 00

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

73,918,027. 44

786, 277, 956. 56

463, 1196, 451. 10

PURCHASES o, CAPITAL NOTES OB DEBENTURES or BANKS AND TRUST COKPANIES

[Under the act approved Mar. 9, 1933, as amended]
Arizona ...•••••.•..........
California.•.•.•..•.......•.
Delaware ..............•...
District of Columbia..•.•..
Oeorria..•••.......••••....
Ill!nois .•..•.•••...••••.....

tttl:iia~:::::::::::::::::

Maine ....•••......•••.....
Maryland .•.•....•••......
Michigan ..••...•.•........
Minnesota..••....•••......
t!ssissippi. ..•.•..........

M~~r~~~·_-:::::::::::::::::

I
I

1

10

9

5
78
109
284
102
12

55
I
185
135
180
25
48

Nebraska ..••.•.•.•........
New Jersey .•......•.......
3
New York ....••••...••.•..
302
North Dakota .•.•••..•••..
116
Ohio ..•••••••••.•••••••••.•
359
Bee footnotes at end of table.

I

5
75
105
246
100
12
54

I
176
135
160

25
47
2
272
107
346

$840, 000. 00
5,000,000.00
2,515,000.00
I, 800,000.00
3,350,000.00
9, 271, 000. 00
10,816,750.00
5, 736, 000. 00
2,440,000.00
i, 127, 500. 00
700,000.00
4, 104, 000. 00
6, 380, 500. 00
13,346,500.00
592, 000. 00
685, 100. 00
I, 350,000.00
237, 589, 200. 00
2,044,000.00
62, 269, 000. 00

.••••.•••••••••
....•...•......
$2,085,000.00
.••.•...•......
237,000.00
1,700,000.00
1,214,000.00
635, 000. 00
1,000,000.00
777, 500. 00
..•.........•..
303,000. 00
660, 000. 00
2,442,500.00
10,000. 00
49, 000. 00
750,000.00
66, 635, 000. 00
4r,(), 000. 00
6, 447,500.00

Digitized by

$840, 000. 00 .••..•.........•
6,000, 000. 00
$3, 000, roi. 00
430,000.00
186,600.00
1,800,000.00
I, 208,000.00
3, 113, 000. 00
2, 021. ooi.. 4.1
7,571,000.00
4, 4f,6, 650. 00
9,602,750.00
7,329,900.00
6, 101,000.00
82, 100. 00
1,440,000. 00
I, 324, 75il 00
6, 350, 000. 00
5, 163, 450 00
700,000.00 •..... _.. _..... .
3,801,000.00
2, 164, 760. Ill
6, 820,500.00
82,500.00
10,904,000.00
3, 923, 049.1\3
582, 000. 00
145, 250. 00
636, 100. 00
675, 100. 00
600,000. 00
600, 00. 00
170, 954, 200. 00
26, 3.54, 12.S. 00
I, 594,000.00
1,405, 929. 23
56,821,500.00
33,876,775.00

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'

REPORT OF RECONSTRUCTION FINANCE CORPORATION

39

4.-Number of authorization, and borrowerB, to which authorizations were
made; and amount of authorization,, withdrawals or cancelations, disbursements,
and amount outstanding,from Feb. 2, 1932, to Dec. SJ, 1938, inclu1tive, by States 1Continued

TABLII

PuRCBABl:8 or CAPITAL NOTJ!:s OR DJ:BJ:NTURES or BANKS AND TRUST

Number ol
authorizations

State

Oregon ____________________
South Carolina __________ .•
.Booth Dakota ____ •• ____ ••.
Texas _______ --- ____ . --- - - ..
Utah_.--------·---------·.
Vermont
.. _________ . _____ ..
Washington. ______________
West Virginia. _____________
Wisconsin.······-·-·-·-··Puerto Rico_ • _•••••• _••••.

Numberol
borrow-

Amount
authorized

ers

Amount withdrawn or
canceled

COMPANIE&-Contlnued

Amount disbursed

Amount outstanding as of
Dec. 31, 1938 •

-40
32
IOI
2!<8
34

20
81
66
456
3

--

35
30
94
280
34
18
80

57
393
3

$1,385,000.00
I, 286, 800. 00
I, 543, OllO. 00
9, 503, (JOO. 00
2, 7:10,000.00
9, 600, 1\2.). 00
3, 626, r,oo. 110
3,431,000.00
21,234,500.00
1, 250, 000. 00

Total •••••• ·-········ 3,132 2,003 433, 536, 975. 00

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

$1, Of,0, 000. 00
I, 216,800.00
1,484,000.00
7, 7fi2, 500. 00
2,670,000.00
9, f,(M), 625. 00
3,324,500.00
3,016,000.00
17, 952, 000. 00
1,250,000.00

$840,475.00
621,800.00
969,785.43
5, 107,644. 5g
1,167,750.00
9, 600, ()()(). 00
708,475.00
2, 182, 725. 00
12, 8tl, 500. 00
450, 000. 00

00, 549, 500. 00

342,987,475.00

128, 393, 103. 23

$325, 000. 00
70, ()()().00
59, ()()(}. 00
I, 750, 500. 00
50,000.00

--------------302,000.0
415,000.00
3, 282, 500. 00

TOTAL, SEO, 36, TITLE II, OF THE EMERGENCY FARM MORTGAGE AOT OF 1933, AS
AMENDED
[Loans to drainage, levee, irrigation, and similar districts, etc.]
Arizona .•• _________________
Arkansas. __________ ·-·····
Calilornia ____________ .•• __ .
Colorado ________ • ____ . -- •••
Florida ______________ -----·
Idaho _______ ••• -- -- - -- - -· - .
Illinois ________ • __ • __ • ___ ._.
Iowa_______________________

15
129
112
65
55
61
80
12
4

Ei~i~1~!L::::::::::::::::
Minnesota. __ • ___ •. _••••• __

21
1
117
105
24
12
6
12
1
51
6

~::~s;:~y~~::::::::::::::::

Montana_------------·····
Nebraska
______________ -··_
Nevada ____________ ----·--·
New Mexico _______________
North Carolina. ___________
Oregon._. ___ --··· _________
South Carolina __ •• -------South Dakota. ___ .•. ··-·-·
Tennessee. ______________ -Texas ____________________ ..
Utah_------·· _____________
Virginia. __________________
Washington. ______________
Wisconsin ___ ••••• ____ ·- •. _
Wyoming ______ ••••••••••..
Total ________________

6

7
115
16
2
28

I

2

-1,046
-

8 $13, !!¾ 453. 77
14, 498, 302. 96

84
55
32
34
28
43
7
3
19
1
71
76
14
9

4
10
1
23
6
6
5
58

12
2
17
1
2

49,055, 114. 41
5,101,341.35
8,987,750.28
2,985,215.33
3,712,885.67
383,500.00
91, 9:12. 45
1,494,433. 77
302,500.00
b, 420,235.56
8, 130, :!49. 86
I, 587,249.31
1,600,830.20
969, 43.1. 00
9f>3, 807. 76
38,000.00
2,991,736.46
280, lf,O, 00
156,100.00
110,300.00
16,376,324. fJ4
637,500.00
136,200.00
I, 424, 495. 70
22,000. G'O
46,900.00

631 141,485,052.48

$2,875.59
$3,123,207.68
$3, 068, 007. 42
1,931,809.06
9, %5, 848. 75
9, 448, 005. 57
8,089,175.51
24, 211, 452. 34
23, 930, 585. 50
2,250.601. 01
2, 749, 142. 05
2,682,567.02
447,212.01
4,349,087.69
4, 197,125.58
893,695.86
1, 395, 049. 42
1,292,312.94
876,067.65
2,434, 991. 25
2, 287, 4 76. 94
183,000.06
194,836. fi5
177,836.61
21,854.36
69,603. 70
68,025.61
601, 116. 73
813,181.07
778,169.21
302, S00.00 ----------------659,025.66
4,725,412.61
4,325,287.83
1, 233, 152. 06
6, 161, 153. 55
6, 646, 198. 02
524,138.96
1, 036, 726. 28
982,991.98
126,043.14
1, 5211, I 71. 36
1, 41\9, 908. 14
533,144.66
434,856.94
534,576.06
795, 8&,. 87
84,807.76
i02, 885. 87
1,000. 16
31l, ll'J9. 84
36, 49'J. 84
103,946.42
2,827, 719. 78
2,667,184.63
119,571.63
124,028.37
121,500.00
6, ()()().00
150,100.00
135, fiOO. 00
18,000.00
91,799.49
85, 2119. 49
908,777.28
14, f,59, 750. 29
14,379,421.04
315,499.96
322,000.04
268,500.00
200.00
136,000.00
130,000.00
256,550.00
1, 166,872.90
1, 062, 600. 00
22,000 00 ----------------- ---------------46,400.00
44,500.00
--------------20,419,977.89

84, 111,441.33

81,037,389.43

TOTAL, ACT APPROVED JUNE 10, 1933, AS AMENDED
[Loans on, nnd a subscription for, preferred stock of insurance companies]
Kansas.
___________________
-----····-·····-·_
Maryland
Michigan _________________ _
Minnesota _____ ---···-----Missouri.. ________________ _
New Jersey __________ -----New York ________________ _
North Carolina·-··········

2

1
1
1

1
3
1
1
1
1
1
1

Total_---············

13

10

1
4
2

1

$100,000.00
22, 350, 000. 00
4, 12fi,000.00
100,000.00
2S0,000.00
4, 000, 000. OU
3,500,000.00
50,000.00

. _____________ _
• _••• _. _-- _-- _.
---------------------------------------·-··

··---------------------------

$100. 000. 00
22, 350, 000. 00
4, 12:;, 000. 00
100. 000. 00
2,,0. (JOO. 00
4, om, ooo. oo
3, 500, 000. 00
50,000.00

$100,000.00
17,448, 4<i0. 00
3 622 ()<.)9 21
' 59: fi79: 45
230,189.81
3, 600. 000. 00
2, 127, (JOO. 00
48,999.62

34,475,000.00 ---------------

34,475,000.00

27,236,418.09

.•••• _________ .

See footnotes at end of table,

Digitized by

Google

40

REPORT OF RECONSTRUCTION FINANCE CORPORATION

4.-Number of authorizatiom and borrowera, to which authorization& were
made; and amount of authorizationa, withdrawals or cancelationa, disburaemenu,
and amount outatanding,from Feb. !1, 199!1, to Dec. St, 1998, inclusive, by Statea '-Continued

TABLE

LOANS ON PRJ:l'IIRRIID STOCK 01' INBUBANCII CoJIPANIIIS

[Under the act approved June 10, 1933, as amended]
Num•Num1:~.of ber of
thor- bor•
iza• row.
tlons ers

State

Maryland •••••••••••••....
Michigan ...•••.•.•.•••••..
Minnesota .••••••.•••.....•
MissourL •••.•••..•••.....
New Jersey .......••..•..•.
New York ••.........•..••.
North Carolina .•.•.••.•..•

4

Total •••••••••••••.••

12

2

1
2
1

1
1

Amount
authorized

Amount with·
drawn or
canceled

3 $22,350,000.00 •.•••••••••••••
1
4,125,000.00 ·••••·••••··••·
1
100,000.00 ..•...•••..•..•
1
250,000.00 ····••·······••
1
4,000,000.00 ·••······••·•··
1
3,500,000.00 ·••············
1
50,000.00 ·••············
9

Amount outstanding as of
Dec. 31, 1938 1

Amount dis·
bursed

34,375,000.00 ..••.••••••....

$22, 350, 000. 00
4, 125, 000. 00
100,000.00
250, 000. 00
4, 000, 000. 00
3, 500, 000. 00
50,000.00

$17, '48, 450. 00
3, 622, 099. 21
59. 679. 45
230,189.81
3, 600, 000. 00
2,127.000. 00
48, 1199. 62

34, 375, 000. 00

27, 136, •US. 09

SUBSCRIPTION FOR PREFERRED STOCK OF AN INSURANCE COMPANY

[Under the act approved June 10, 1933, as amended]
Kan.qas····················l-11-ll
Total................
1
1

$100, ooo. 001 ·•· ...•••.•.. ·· 1---$1_00_,_ooo_._·00_~_ _$_100_,ooo_._oo
100,000.00 •••••••·•···•·•

100,000.00

100,000.00

TOTAL, ACT APPROVED APR. 13, 1934, AS AMENDED
[Loans to finance the repRir of damage by earthquake, flood, or other catastrophe in 1933, 11134, 11135, and
19M]
California..•...••...•......
Connecticut ...•........•••
Florida ...•.....•.••••••.••
Georgia ..••.•.••.••.•.•••..
Maine ....•...•••..•••..•..
Maryland ••.••............
Massachusetts .•.•......••.
Mississippi. •..•..••.••....
Montana ........•..•.••••.
New Hampshire.••••••.••.
New Jersey .••••..•••••••••
New York ..........•.•..•.
North Carolina .....•••.•..
Ohio............•...•..•••.
Pennsylvania.•......••.•.•
Texas .•.•.••..•••..••••••••
West Virginia.••..••••••.••

4
52
1
157
20
9
123
86
1
11
1
24
1
2
207
2
4

1
51
1
144
20
9
120
81
1
11
1
21
1
2
199
1
3

$2, 150, 000. 00
142,945.00
50,000.00
1, 335, 500. 00
24,250.00
24,600.00
325,159.00
216,250.00
150,000.00
42,950.00
500. 00
63,697.00
10,500.00
4. 900. 00
1, 035, 387. 75
140,000.00
27,650.00

Total ..••••..••••••••

705

667

6, 734, 28!!. 75

$897, 170. 00
51,770.00
38,459.00
303,694.65
15,800.00
13,000.00
258,335.00
40,379.02
33,365.00
19,478.86
500.00
17,625.00
10,500.00

$1, 252, 830. 00
91,175.00
11,541.00
989,805.35
8,450.00
11,600.00
66,824.00
175. 870. 98
116,635.00
23,471.14

---- --$59.880
-- ---- -- -...

391,565.00
120,000.00
6,700.00

643,822.75
20,000.00
20,950.00

479,821.45

2, 218, 341. 63

3,473,947.22

1, 692, 731. 69

5,181.45
851,497.74
4. 102. 50
8,235.00
28. 745. 37
133,902.90
57,597.72
15,931.14

----------36,072.00
-- ----29,503.25
-------------- -- -------- 2,-- 752.
- --- 73
-4,900.00
--------------5,000.00

10,580.00

TOTAL, SEC. 14 OF THE ACT APPROVED JUNE 19, 1934, AS AMENDED tt
[Loans to borrowers engaged in the mining, milling or smelting of ores]
Arizona............... ... . .
California..................
Colorado..................
Georgia.......... ......... .
Idaho........ ..............
Kentucky.................
Michigan...... ... ..... ....
Montana............ ......
Nevada.............. ......
New Mexico...............
Oregon....... ... ....... ...
South Carolina..... .. . ....
South Dakota.............

34
45
10

2
2

1
2
10

11
3
5

1
l

28
37
JO
2

2
l

2
9
11
3
4
l
1

$1,691,500.00 $1,245,000.00
$437,500.00
$403,500.00
3,528,500.00
1,047,500.00
1,666,000.00
1,276,000.00
735, 000. 00
672, 000. 00
63, oco. 00
60, 305. 79
24,000.00
JO, 000. 00
14,000.00
10, 2-1. 84
240,000.00
240,000.00 . ••. ..• •......... ·••··•••··•···••
120,000.00 .•.. .. ........•
42,200.00
42,200.00
28C, 000. 00 .•............. . •..... . . .•........•..•••.......•
985, 000. 00
252, 000. 00
728, 000. 00
29 , 000. 00
3,365,000.00
3, 155,000.00
21C, 000. 00
39,617. 73
41,000.00
20,000. 00
21,000.00
15,000.00
428,500.00
413,500.00
15,000. 00 · ··-············
20,000.00
20,000.00 ..•.....• ..... . •.••.•••..••.•.•.•
20,000. co
20,000.00 ••... .•••...• • . .. ···-· ······· ····

See footnotes at end of table.

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41

REPORT OF RECONSTRUCTION FINANCE CORPORATION

4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, disbursements,
and amount outstanding, from Feb. 2, 1932, to Dec. 31, 1938, inclusive, by States'Continued

TABLE

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

State

Numberof
authorizations

Numberol
borrow-

Total. ____________ -- .

Amount withdrawn or

canceled

Amount out•
standing as of
Dec. 31, 1938 1

142,000.00

18,000.00
14,('()(), ()()
5,000.00
913,000.00

18,000.00
14,000.00
5,000.00
613,000.00

7, 292, 000. 00

4, 146, 700. 00

2, 795, 448. 36

60,000.00
22,00C. 00
20,000.00
1, 055, ()()(). 00

-. - -- ---------15,000.00

10

3
2
1
8

143

125

12, 635, 500. 00

3
2
I

Amount disbursed

ers

-- -Utah ______________________
Virginia ___________________
Wyoming __________________
Alaska _____________________

Amount
authorized

-- --

40,000.00

TOTAL, SEC. 16 OF THE ACT APPROVED JUNE 19, 1934, AS AMENDED
[Loan to a public-school authority for payment of teachers' salarie.~ due prior to June 1, 1934)
Illinois_____________________ l _ 1 1 - l 1 $22,500,000.001
Tota]________________

1

1

22,500,000.00

$200, 000. 001
200,000.00

$22,300,000. 001---------------22, 300,000.00 ----------------

TOTAL, ACT APPROVED AUG. 24, 1935
[Loans to or for the benefit or tax-supported public-school districts or other similar public-school authorities
in charge or public schools]
Arkansas _________________ _
'l'exas _____________________ _

22

20

6

6

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

Total _______________ _

28

26

2, 006, 800. 00

$150, 000. 00
$149,500.00
$549, 300. 00
518,000.00 ----------------- ----------------

1, 067, 300. 00

150, ('()(). 00

149,500.00

'"Borrowers" include applicants to whom loans have been authorized and institutions in connection with
which purchases or preferred stock, capital notes, or debentures.have been authorized. With respect to loans
on preferred stock, the figures represent the number of institutions on whose preferred stock the Corporation
authorized loans.
• Includes repayments unallocated, pending advices, as of Dec. 31, 1938.
• Includes 960 loans approved to 716 fruit growers located in certain areas in Washington.
• These authorizations are not included in the State totals shown above, because the operations of the bor•
rowers ordinarily are not confined to any one State.
• Includes 12 authorizations in connection with refinancing of loans previously made by the Corporation
to Federal land banks.
• Includes $193,618,000, representing refinancing of loans previously made by the Corporation to Federal
land banks for different individual amounts, but in the same aggregate amount.
'In ad jition, upon certification by tho Federal Emergency Relief Administrator, under the Federal
Emergency Relief Act of 1933, the Corporation disbursed $499,650,000 for relief, as shown on p. 43 of this
table; and disbursed $349,010.22 to the Federal Emergency Relief Administrator for expenses necessary to
carry out the provisions of the above act.
• 01 the $299,984,999 disburse,! for reli<'f and work relief as shown on p. 34 of this table, $17,159,232.30 was
repaid to the Corporation by Rtatcs and political subdivisions. In addition, pursuant to the provisions of
the act approved Feb. 24, 1938, the Corporation's notes were c,mceled in the amount of $282,825,766.70,
equivalent to the balance of the amounts disbursed for relief ~nd work relief under title I or the Emergency
Relief and Construction Act of 1P32, as amended.
'Revised.
10 Duplications in the number of borrowers arise in cases where the Corporation makes authorizations
to a bank or trust company under more than 1 of the classifications under sec. 304 of the act approved
Mar. 9, 1933, as amencled.
11 Classified by States according to the location of the property of the borrowers.

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42

REPORT OF RECONSTRUCTION FINANCE CORPORATION

I, TABLE 4.-Participations by banks, etc., in loans to business enterprises
authorized by the Reconstruction Finance Corporation, by States, from Jum 19,
1934, to Dec. 31, 1938, inclusive

ADDENDUM

[Under sec. 5d of the Recons'truction Finance Corporation Act, as amended]
Amount authorized to be taken by banks, etc.

State •

Loans by banks, Loans by banks,
etc., In which
Sales or pertici•
etc., In which
petions by ReReconstruction
Reconstruction
CorpoFinance
construction Fl· Finance Corponance CorPQra• ration authorized ration authorized
or depurchase
tion to banks,
purchase of imetc. •
ferred particl•
medla te pertici•
pation •
petion •

$494,975. 00
$120.376.67
$2, 2/iO. OO
Alabama.......................
140,650. 00
100. 000.00
Arizona.. . ................................ .... . . .
43,800.00
35. 200.00
56,980.00
Arkansas.......................
7,859,025.00
124,250.00
81,150.00
California......................
50,916.67
63,500.00
Colorado.........................................
137,255.00
223,750!00
88.250.00
ConnecticuL..................
23,250.00
5,000.00 . ..•..............
Di strict of Columbia...........
203,270.00
40,750.00
52,500.00
Florida.........................
2,254,680.44
295,425.00
542,723.00
Georgia........................
7,224.00
26,800.00
1,800, 00
Idaho . .........................
50, 885. 00
256, 166. 67
115, 166. 67
Illinois...... .... ...............
368,400.00
126,900.00
150,000.00
Indiana........................
29,625.00
28,250.00
4,250. 00
Iowa.. . ........................
198,550.00
137,666.67
33,500.00
Kansas.........................
217; 750. 00
306,750.00
31,825.00
Kentucky......................
12,450.00
20. 500. 00
8, 000.00
Louisiana........ . ............ .
750, 00
10,000.00
3,000. 00
Maine. ........................
72,000. 00
1,071,160. 00
12, 500. 00
Maryland ......................
285,015.01
150,150. oo
157,950.00
Mas.sachusetts.................
938,650.00
209,000. oo
I, 571, 750.00
Michi~an.. ••......... ... . . ....
200,425.00
112,040. oo
46, MO. 00
Minnesota.....................
72,025.15
27,500;00
7,800. 00
Mississippi.....................
881,300.00
79,650. oo
6,200.00
Missouri... .. ................. .
7,450. 00
!fl, 757.50
21, 003.33
Montana..... ..................
58,723. 33
33,250.00
22,050. 00
Nebraska . .... . ................
215.000.00 .•..............•.
60,000.00
New Hampshire...............
219,016.67
422,680. oo
39,500. 00
New Jersey....................
5,750.00
126,749.80
New M exico.......... . ................. ... ... ...
1, 21i8, 775. 00
376,450.00
324,775.00
New York... . .................
474,261.36
832,875.00
19,500.00
North Carolina................
750. 00
240. 00
300. 00
North Dakota..................
13
I,
~:~:~ ·······~~~'.'.~:~'..
251,975.00
862. 000. oo
198,933.33
Ore~on... ......................
793, 794, 13
884,250.00
639,350.00
Pennsylvania.. ................
7,750.00
423, 500. 00
5,000. 00
Rhode Island........ .. ........
399,875. 00
6,000.00
South Carolina........................ . ........ . .
18,500.00
16,150.00
5,333.33
South Dakota..................
713, 7'17. 18
1411. 700. oo
55. 500. 00
Tennessee............. . ........
355,975.00
114, 7111. 57
305,050. 00
Texas.................. ........

m:~:l::

8~l~iioma·.-.~:::::::::::::::::::

'.::~:~.
~!~oiii::::::::::::::::::::::: ........ 13,
500. 00

Vi~inla. .... .. . . . .. ....... ... ..
WMhin~ton....... . ............
West Virginia..................
Wisconsin......................

9,200. 00
12,000. 00
18, 400. 00

11

: :~ :~

·~:~

78,400. oo
122.000. oo
1'17. 000. oo
389, 750. 00

554,937. 50
409,125. 00
281, 414. 28
479, 350. 00

i'l:a1;~~~~::::::::::::::::::: :::::::::::::::::: ····-··•g:::::• ···-··-~~~:~.
Total. ••...•.••.•..••.•..

4,879,764.66

9,377,199.55

23, 021, 770. 62

Total

$617,601.67
240,650.00
13S, 980. 00
8, 064, 425. 00

114,416.67
449,255.00
28,250.00
296,520.00
a, 092, 828. 44
35,824.00
422,218.34
645,300.00
62,125.00
369, i16. 67
656,325.00
40,950.00
13,750. 00
1, 155, 660. 00
593,115.01
2,719,300. (A)
358. 815. 00
1'17, 325. 15
967,150. 00
4.5, 210. 83
114,023.33
275,000.00
681,196.67
132,499.80
1, 960. 000. 00
1, 326, 636. 36

1,290.00
2,393,915.57
139,500.00
1, 312. 908. 33
2, 317, 394. 13
436,250.00
405. 875.00
39,983.33
918,WT. 18
755,816.57
117,750.00
34,000.00
646,837.50

540, 325.00
400,414.28
887,500.00
15,500.00
200.000.00
92,500.00
' 37, 278, 734. 83

• According to location of borrower.
• These amounts are included throughout this report In loan~ authorized by Reconstruction Finanre
Corporation under sec. 5d, as amended, inasmuch as In each case the entire amount or the loan Is authorized
and disbursed by Reconstruction Finance Corporation. Sale ol participation takes place usually at time
of disbursement.
• Thege amounts are in addition to participations authorized by Reconstruction Finance Corporation
under sec. 5d, as amended, as shown throughout this report.
'In addition. banks, etc., were to participeta in the amount of $23,771,000 In commitments outstanding
at the close of Dec. 31, 1938.

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REPORT OF RECO~STillTTION FINANCE conPORATION

43

ADDBNDUH II, TABLE 4-(Not Included In the foregoing table 4)
Amount of disbursements for relief upon certification or !'!rants by the Federal Emergency Relief Administrator, under the Federal Emergency Relief Act of 1933, Crom May 12, JY33, to Dec. 31, IU38, inclusive,
by States

Amount

State:

di,bur,td

Alabama ...•...••...••..•....•...•. $8,ll\H,:lV!
Arizona ___________________________ _

2,834, 146
7,410, 249
15,823, 5:J5
3,925,050
4,594, 154
1,010,708
1, 051\, 174
13,347, 2.12
7,705,354
809,957
52, 210,ms
11,259,425
5, 248, 789
2, i32, 726
5, t45, 118
13,034, 157
1,251,414
Maine ............................. .
Maryland .......•...•.............. 7,171,098
Ma.ssachusetts .......•.•.....•.....• 11,355,140
Michigan .......................... . 31,369, 782
8,831,959
8, 5.,o, 2116
6, m-s, 494
Montana ......•.•...••............• 2, 8.,3, 357
Nebraska ...••.•.••..•.••..•••...... 2, 12,>, fi99
370,801
Nevada .............•.•...•........

Arkansas ..................•.......•
California ..•........•...•.•.......•
Colorado .......•....••....•.•.....•
Connecticut .......•.•..•.••.•.....•
Delaware ...............•.••.....•.•
District of Columbia .••••.•.•.....•
Florida.....•........•............••
Georgia ..•..............•...•.....•
Idaho ...•.........................•
Illinois ...•..............•.........•
Indiana ...•............•..........•
Iowa .....•••••.......••••....••....
Kansas ........••.....•.•..•.•.•....

~~i'.s~:L·:: :: :: :: :::::: :::: ::::::

S!~~1r!i~===:::::::::::::::::::::

New Hampshire ............•..•....

96(1, 43"

State-Continued.
Xew Jersey .........................
New l\fexico........................
Xew York .........................•
North Carolina.....................
Korth Dakota......................
Ohio...............................
Oklahoma..........................
Oregon.............................
Pennsylvania.......................
Rhode lslan,i....... .. .... .•.. .. ...•
South Carolina.....................
South Dakota......................
Tennessee..........................
Texas..............................
Utah...............................
Vermont...........................
Virginia ....... _....................
'\\.. ashington ______ ________ __ _____ ___

West Virginia......................
Wiseonsin..........................
Wyoming..........................
Alaska.............................
Hawaii._...........................
Puerto Rico. .....•.......•••.....•
Virgin Islands......................

Amount

disbursed
$15, 42:l, 438
889,188
63, 131,821\
9,709,990
3,612,520
3", 76:l, 382
6,309,005
3,213,315
44, 100, 509
I, 870,967
10, 42·1, 200
7, O:l5, 597
6, :J69, 196
13,249,874
1, 72:l, 352
481,544
5,594,074
5, fi'l7, 175
11,090,599
II, 619,053
190,383
349,629
1,110,561
1,970,201
281, 753

Total. .....•.•.•.••..•...•.•....•• 499,650,000

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TABLE

:t

5.-Loan and other authorizations, by character of loans, dc.t
(From Feb. 2, 1932, to Dee. 31, 1938, Inclusive)
Authorizations

Withdrawals or
cancelations

Loans to aicl In the reorganization or liquidation of closed banks:
To receivers, liquidating agents, and conservators ....................... ....... 1$1, 122,405,863.15
Through mortgage Joan companies.. ..... ...... .............................. . .
110,474, 123. 58
On assets of closed banks, under sec. 5e of the Reconstruction Finance Corpo.
ration Act, as amended................................................ ......
89,045,555.08

$274. 5.11, 740. 36
18, 264, 602. 76

Repayments and
other reductions •

Disbursements

Outstanding as
or Dec. 31, 1938

~

BANKS AND TRUST COMPANIES J

Total. to aid in tbe reorganization or liquidation of closed banks ............ . 1,330,925,542. 71
Loans to open banks• .......................•............................... ...... 1,334.595,653. 65
Loans on preferred stock .......................•............................ .......
23,274,755.00
Subscriptions for preferred stock .............. ..•..................................
Purchases of capital notes or debentures ........................•........••.....•..
Total, banks and trust companies
BUILDING AND LOAN ASSOCIATIONS

........ 3.986,301,4 10.36
1

t::: ~ ~~~~~~s::==::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::
Total, building and loan associations.........................................
0

~:;;a·
(1)

0.

~

CJ
0

~

~

JNSUBANCE COMPANIES

Loans-direct.................................................... ..................
Loans on prelerred stock...........................................................
Subscription for preferred stock....................................................
Total, Insurance companies..................................................

1~:

I

$836, 834, 584. 45
101,209,520.82

33, 899. 536. 27

1----

326,715,879.391
196,378,316.88
5,
5: 126,025.00
126: 025. 00 i
73,918.021. 44
90, 549, 500. 00

I

I

llt m: t

692,687.748.71

2
~;

~g: ~::

I

$43, 271, 408. 85
18, 872, 306. 77
3, 855, 4~6. 70

45, 208, 693. 22

41,353,226.52
917,253,436.17
1, 0.59,. 877,878.87
.
.
10. S03. 625. 80 I
10,
332,181,505.46
214,594. 371. 77

3.267.884 , 296. 82

2,534. 710. 818. 07

I

11~:

m:

900. 46

I

.
.
7. 345. 104. 20
453, ooo. 451. 10
128,393, 103. 23

2, 206, 139. 67
113, 953. 179. 37

593. 34

118, 134, 493. 80

104,439, 750. 19
13,331,441.86
34,375,000.00 ••••.•..........•.
JOO, 000. 00 •••..•.. . .........

$793, 563, 085. 60
82,337,124.05

083, 252 . 798. 49
1,138,217 ., 336. 77 .
18, 148,730.00
18:
148. 730. oo I
785. 277, 956. 56
342,987, 47~. 00

I

29,025, 705. 60

153,685, 109. 40

116,159,319.04

1===== 1 = ====

90,603.200. 81
87,696,004.91
34,375,000. 00
7,238,581.91
100,000.00 ••••••••••••••.•••••

--~~

94,934,586.82

30,233,622.99

Loans-direct......................................................................
Loans to Tbe RFC Mortl(a~e Co..................................................
Loan to Federal National Mortg8lte Association...................................
Subscription !or stock or The RFC Mortga~e Co..................................
Subscription ror stock of the Federal National Mortgage Assoclatjon...............
Subscription for stock or other mortgage loan companies...........................

352, 494, 723. 49
105,021.275. ~1

102, 329, 569. 08

~~mn

187, 593, 890. 16
69,627,942.80

53, 476, 951. 01

Total, mortgage Joan companies•............................................

644,766,009. IO

I

1,250,000.00
103,679,569. os

29,158.906. 01
38, 710, OM. 01

25, 000, 000. 00
11, 000, 000. 00

~~moo

I

414,567,763. gg

I

257,221,832. oo

I

z

~

~
~
....
0
z

...'-".1

z

8

125,168,209.81

•~•m
~mooooo

:8

~

13,331,441.86

llORTOAOE LOAN COlll'ANIES'

0
'-".1

2,997,204.90
27,136,418.09
100,000.00

138,914,750. 19

60,000,000.00
25,000,000.00
11,000,000.00
1,250,000.00

~'ti

157,345,021.03

l;;l

!
...

~

A,\IJ:l,J\..U.LJ.' VJ:l,.&..L

_.U,.A.l'tl,,J..l._U'

J.J.,.O.l.lJ. VJ..lVJ.._r, ,

................. _

•"'-'•

Loans to Federal ]and banks __ _____ __ ___ ______ __________ _____ __ ____ ______ __ ___ __ ___

1

399, 636, 000. 00
9, 2li0, 000. 00

Loans to
to regional
F ederal Intermed
iatecredit
creditcorporations
bank•- -------- - -- ---------- - ----------- - ----Loans
agricultural
__ _____ __ __ ____ ____ _____ __ __ _____ __
178. 840, 452. 48
Loans to Commodity Credit Corporation ______ ____ __ ___ __ ____ ________ __________ ___
Loans to Secretary of A!!ficulture to acquire cotton ____ ___ _____ ____ _____ __ _____ ____ 1,604,7 12,664. 99
23. 500. 000. 00
L oans to
to Joint-stock
banks--- -- -- -------29, 035, 359. 13
- ------- - -___
------___
----Loans
agriculturalland
credit
corporations
____
___ ___
_____ __- ----_______
__ -__- --__ ___
___-_
6, 120, 867. 59
Loans to livestock cred it corporations., __ ___ ___ __ _____ _________ ______ __ ____ ___ _____
14, 511,327. 88
Loans for financing expor ts or agricul tural surpluses ___ _____ __ ______ _____ _______ ___ _
83, 370. 955. 22
Loans for financing agricul t ural commodities and livestock ____ ___ __ ____________ ___ _
86, 061,513. 08
Total, agricultural finan cing institutions, etc __ _____ __ _____ ____ __ _________ ____
2, 435, 039, 140. 37

'

__

--~___,.,- ,
' 387, 230, 000. 00
9, 2li0, 000. 00

836, 995, 702. 78
20, 200, 000. 00
5, 81 5, 014. 34
477,249.37
1, 539, 729. 19
33, 146, 368. 56
66,367,021. 30

387, 236, 000. 00
9, 2li0, 000. 00
173,243,640. 72
767,716, 962. 21
3, 300, 000. 00
22, 402, 504. 87
5,643,618. 22
12, 971 , MIS. 69
40, 224, 686. 66
19,557, 491. 78

982, 537, 897. 30

1,441. 646,403. 15

1, 416, 150, 041.96

12, 400, 000. 00

--------------- -5, 596, 811.76

1

173,243,640. 72
767,716, 962. 21
3, 300, 000. 00
16, 833, 7SO. 41
5, 558, 762. 42
12, 971, 598. 69
20, 177, 600. 67
18,861,606.84

_..,.,

-----------------------------------------------------------------------------------5, 568, 724. 46

84,855. 80

-----------------20, 046, 896. 00
695,884. 94

26, 396, 361. 19

RAILROADS

L oans to receivers and trustees __________ __ ___ _____ __________ ______ ___ __ ____ ___ __ __ _
Loans to others ___ ______ __ ___ ____ ____ __________________ __ ___ _______ ___ ______ __ ____ _
Total, railroads ______ __ _____ ___ ___________ _____ __ ____ ___ __ ___ ___ ___ ___ ______ _

39, 968, 881. 95
705, 903, 335. 00

844,791. 00
105, 548,764.89

39, 124, 090.95
585, 976, 570. 11

6, 712,062.20
182, 294, 612. 05

32,412, 028. 75
403, 681, 958. 06

i45, 872, 216. 95

I06, 393, 555. 89

625, 100, 66 1. 06

189,006,674. 25

436, 093,986. 81

42,691,610.33
114,66 1. 35
4, 619, 170. 19

107,746,686. 03

B USINESS E NTER PRISES

Loans to business en terprises:
Direct (including participations) _____ ___ ________________ _____ __________ ____ ___ _
Tb rough banks ____ __ ____ __ ___ _______ __ ______ _____ ____ _______ __________ _______ . • 291, 000,942. 49
167,500. 00
Throu gh mor tgage loan com panies ________ __ _________ ______ __ _______ __ ________ _
16,422, 275.00
F ishing
ind
ustry
u
nder
sec.
5
of
t
he
Reconstruction
F
inance
Cor
poration
Act,
as amended ______ ___ __ __ __ _______ ______ ________ __ _______ __ _______ ____ __ ____ __
809, 700. 00
T otal, loans to b usiness enter prises ______ ___ ______ _____ __ _____ ______ __ __ ___ _
• 308, 406, 417. 49
, OR SM ELTING OF ORES
Loans, total_ ____ ______lUNING,
______ __MILLING
___ _______
______ __ ___ _____ _____ __________ ___________ .

0

cg:

,r

~
~

C';
0

~........
(v

Total, self-liquidat ing projects, etc_- ------ ----- -------- -- -- - - - -- --- - -- -- -- - -

90,025.00

I 50, 438, 196. 36
114, 6Gl. 35
5,701, 835. 15

-·-------·-- ·---1,082,664 . 96

----81, 125, 404. 75

719,675. 00

367,697.04

351. 977. 96

156,974, 367.86

47, 793, 138.91

109, 181, 228. 95

12, 635, 500. 00

7,292,000.00

4, 146, 700. 00

1, 351, 251.64

2, i 95, 448. 36

400,092, 487. 36

31,84 1,243. 14

317, 389, 641.28

137, 287, 959. 96

180,101,681.32

See foo t notes at end of table.

~

1-3
0

':,j

~

~

0
0

z

rn
8

00, 755, 127. 81

7,560,000.00

25,661,053. 73

18, 859, 56 I. 92

6,801,491.81

400, 847,615. 17

39, 401,243. 14

343, 050,695.01

156, 14 7. 521. 88

186, 003, 173. 13

Cl
0
8
.....
0

z

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.....

z
z>
0
~

DRAINAGE, LEVZE, lRRlG.A.TJON , AND SIMILAR DISTRICTS

Loans, totaJ __ ____ __-- - --- ________ __ __ _____ __________ _____ _____ _____ ___ ____ __ _____ _

0

~

70,262, IOI. 25
52,838.65
10, 720, 439. 85

SELF-LIQU1DA TING P ROJ ECTS, ETC .

Loans on sell-liqu idating projects under sec. 201 (a) of the Emergency R elief an d
Construction Act of 1932, as amended ___ __ _______ ______________________________ _
Loans t o public bodies for construction , etc ., under sec. 5d of the R econstruction
F inance Cor poration Act, as amended _______________ ____ __ ___ _____ ___ ___ __ _____ _

~
~

"'tl

141, 485, 052. 48

20,419,977. 89

84, 111, 441. 33

3, 074, 051.00

81, 037, 389. 43

0

0

~

"'tl
0

:,;I

~
.....

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TABLE

~

5.-Loan and other authorizations, by character of loans, etc.1-Continued
Authorizations

Withdrawals or

Disbursements

cancelations

O')

R epayments and
other reductions '

Outstanding as
of Dec. 31, 1938

Loans to repair damage in 1933____ ___ __ _____ ____ ____________ _______ __ __ ____________
Loans to repair damage in 1933, 1934, 193.5, l 936:
To bu siness enterprises___ ___ ____ _________ ________ ______ ____________ _________ __
T o others___ __________ __ __ __ _______ __ _______ ___ ______ ____ _______ ___ __ ___ ____ __ _

JO, 450, 232. 20
1,711,962. 75
4,022,326.00

820,590.00
I, 397,751.53

T otal, repair of damage by earthquake, flood, etc __-- ----- -- --- ------------ --

16, 184, 5~0. 95

4,139, 465. 63

642, 9fl7. 80
2fl, 089. 27
13,087,715.88
2,006,800.00
22,500,000.00
300,000,000.00
106, 500,000.00

OTHER

I

8, 529, 108. 10

7,740,654.61

788,453. 49

891, 372. 75
2,582,574.47

230, 479.36
I, 550, 736. 17

600,893.39
1, 031, 838. 30

I 2, 003, 055. 32

9, 521, 870. 14

2, 481,185. 18

42,872.01
11,371. 21
23,084. 70
I, 067, 300. 00
200,0CO.OO

600,095. 79
14, 718.06
13,064,631. 18
150,000.00
22, 300, 000. 00

499,721.21
14,718.06
13, 064, 63 I. 18
500.00
22, 300,000. 00

100,374.58

15,001.00

299,984,999. 00
46, 500, 000. 00

299, 984, 999. 00
2,425.46

------ ----------46,497,574.54

I, 921, 124. 10

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

I

l=== ===l======l======I=

Loa ns to credit unions_ ____ __________ __________ _____ ___ ____ __ ___ _____ _______ _____ __
Loans to processors, or distributors subject to processing taxes_ ________ ____ ________
Loans to State fund s for securing repayment or deposits of public moneys _________ _
Loans to refinance public-school district obligations____ _______ ___ ____ ____ ________ __
Loan for payment or teachers' salaries ___ _____ ------- - --------------- - ---- - -- --- -- - Amounts made available for relief and work relief, under the Emergency Relief
and Construction Act of 1932, as amended__ ___ _______ ___ ___ _______ ____________ __
Loan to Rural Electrification Administration________ ______________________________

7

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

149,500.00

1

Total, other ___ ___ __ ________ ________________ --------------------------------- Grand total

444,763,572.95

-------1 9,418,901,395.41

l, 350,628. 921
2,081, 293, 638. 77

382,614,444.031
8

6, 975, 302, 522. 18

1

335,866,994.91

46,747,449.12

5, 160, 938, 102. 48

1,814, 364, 419. 70

0

cg:

N.

(1)

0.

~

CJ
0

~

fv

~
~
1-3
'tl

REPAIR OJ.' DAMAGE BY EARTHQ UAKE, FLOOD , ETC.

1 Excludes allocations to other governmental agencies; pm chases of securities from
Public Works Administration; and commitments outstanding.
' Excludes repayments unallocated, pending advices, as or Dec. 31, 1938.
1 Excludes loans through banks to business enterprises .
• Excludes loans through mortgage loan companies to aid closed banks, and to business
enterprises.
• Includes $193,618,000 representing refinancing of loans previously made by tbe Corporation to Federal land banks for diflerent individual amounts, but in the same aggregate amount.
• Inolurtes $4,879,764 .06 representing sales of participations to banks etr; but does not
Include $32,398,070.17 representing loans bf banks, etc., In which the Corporation author•
lted purchs.•es of, and agreements to roircnase, parliclontlons .

7 Includes $1i, 159,232.30 representing repayments and other reductions by States and
politi cal subdivisions; and $282,825,760.70 representing cancelatiou of the Corporation's
notes, pursuant to the provisions or the act approved Feb. 24, JQ38, equivalent to the
balance or the amounts disbursed.
• In addition, upon certification by the Federal Emergency Relief Administrator,
under the Federal Emergency Relief Act or 1033, the Corporation had disbursed $499, 0fiO,OOO for relief, and $349,010.22 for expenses necessary to carry out the provisions of the
above act.
• Of this amount, $282,825,766.70 represents cancelation of the Corporation's notes, pursuant to the provisions o! the act approved Feb. 24, 1938, equivalent to the balance of the
amounts disbursed for relief and work relief under title l of the Emergency Relief and
Construction Act o! 1932, as amended .

0
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1-3

~
0
1-3
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....":.I
z
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8l:,:l

g

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0

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REPOilT OF R ECONSTRUCTION FINANCE CORPORATION

47

6.-Amounl of authorization,, disbursements, repayments, and other reductions, and amount outstanding from Feb. 2, 1932, to Dec. SJ, 1938, inclusive, by
classes and months.

TABLE

GRAND TOTA L
Amount or
authorizations

Year and month

Am ount or
1

dis bursements

Amount or repay•
ments and other
reductions

Amount out•
standing at end
or period

1932

February .... .......... ..
March ... . . ........ .. . . ..
tf._r~ ·-· · . . ··•····-· ·- -···
June . . . .... .... .. _. __ ....
July .... . . . . ... . _. . . . __ __.
August ... . .......... . __ ..
September ·· · ·· · ··· ··-· __
October .... -... .. _._ . __ . .
November .. . .. . _. __ __ . . _
December .. .... _.... . ____

$91,601.057. 00
142,333,075.06
228, 771, l\li7. 33
199,450,025. 39
388, 254, 246. 63
170, 934, 728. 59
189, 068, 100. 31
138, 480, 782. 93
162, 373, 944 . 36
96. 508, 980. 32
128, 332, 558. 65

$70,868,417.52
121,477, 890. 49
155,543,323. 23
158,983,559.1 2
298,276,816. 59
171,149,931.86
146, 180,913. 71
72, 120, 713.91
137,623,749.68
6 I, 020, 558. 00
131,501 , 26-1. 75

7,009,080 .•'i()
16,440, n1. 23
48, 684, 000. 92
34,615, 181. 07
35, 232, 968. 30
44, 903, l!i8. 06
47, "65, JIG. 28
27, 180, 9ii. 04
29,423,415.68

1,936, 199,172. 57

1, 524 , 747, 138. 82

299, 948. 4[,3, 38

1, 224, 798, 685. 44

D ecember ... ..... __ ______

142, 844,447. 43
283, 171,473. 8-5
217,732,207. 45
162, 526, 631. 98
141,928.875. 46
154,047,880.32
201,024, 785. 3R
57,792,381. 18
44,791 , 443.05
511, :188. 597. 97
347, 53~. 421. 56
475, 432. 1, M. 36

117,995,293.92
I99, 499, 330. 83
179, 533, 134.72
117, 500, 39~. 87
19S. S05, 854. 81
123,677, 037. 80
11.5. 339, 396. 98
83. 128,537.43
39,27 1,494. 74
48. fi46, 412. 75
1R6. 473,065. 11 1
36g, 537,593. 42

32, 452. 828. 29
35,971, 6o:I. 16
5.5, 81:l, M\6. 83
40,2 13. 996. 05
46,800. 209. 06
94,656.029. 32
112,949, 2\J<J. 42
73, 520, 461. 92
61,734,251.55
69,684. 650. 98
51,202,045.08
67,574, 1~. 47

1,310,341, 151.07
1,473, 868, 878. 74
1,597,588,446.63
1,674.874, 849. 45
1, 823, 880,495. 20
1, 8-52, 901, c03. 68
I, 855,29 1, 601. 24
1,864,899,676. 75
1,842,436,019.94
1, 821,398, 681. 71
1, 956.f,69, 701. 64
2. 258, 633, 111. 59

Total.. _. •. _. ______

2, 746,217,791.97

I, 776, 407,551.28

742. 573. 125. 13

2, 2'>8, 633, 11 I. 59

406, 213,217. 84
132,453.627. 03
196. 7:,0, 943. 78
101, 690,047. 09
105,719,957.01
) 261 , 546,792. 91
72, 792. 004. 65
188, 298, 608. 36
288, 771, 955. 19
192,322,799.21
53,612,012. 41
116, 472,752.03

343, 7 1, 484. 63
138,223,573. 21
I 74, 702, 436. 92
137,503,338.114
100, 482, 025. 14
205, 212, 280. 51
'278,190. 303.16
115,003,399.80
54,364,910. 22
60. 087, 192. 35
87,827, 623.32
132,546,512.48

86, 163,678.38
82,739,872.01
91,311.849.17
91. 123. 212. 32
66, 997, 270. 39
67,831,380.42
443, 161,666. 45
136, 883, 990. 63
71,019.841. 07
79, 142, 232. 20
73, 407, 395. 85
114, 654, 725. 17

2,516,251), 917. 8'
2,571,734,619. 04
2,655, 125, 206. 79
2,701,505,333. 01
2, 734. 990, 087. 76
2,872.370, 987. 85
2. 707,399.624. 56
2,685,519,033. 73
2, 668, 864, 102. 88
2, 649, 800, 063. 03
2, 664, 229, 290. 50
2,682, 121,077.81

2, 116,644,722. 51

I. 827,925,080. 28

1,404, 437,114.06

2,682, 121,077.81

32,097, 248. 47
19,850,030. 26
37,057, 127. 58
58, 444, 786. 45
32, 373, 109. 22
138, 554,994. 07
28. 253. 080. 00
26, 263, 593. 76
130, 22.5, 477. 53
30,382, 759. 40
121, 318,317.28
39, 883, 602. 05

49, 275, 454. 45
54., 737, 368. 83
39, 624, 90.5. 90
56, 104, 278. 17
61 , 729,009.88
137,909,087. 21
124 ,588,307. 71
51, 347,644.38
42, 029, 803. 99
28, 436, 221. 25
17. 986,037. 611
43, 792, 967. 11

73,431, 516. 58
60, 582, 383. 40
54.. 747,687. 70
48, 076, 834. 97
46,989,6 17.07
53, 863, 16.5. 23
60,091,046.99
40, 278, 28 1. 99
34, 940, 786. 92
47 , Oil, 11 6. 53
34, 143, 979. 73
100, 845, 402. 79

2,657,005,015.68
2,652,120,001. 11
2,636,997,219.3 1
2, 645, 024, 662. 51
2, 659, 764, 055. 32
2, 743, 800, 977. 30
2,808,307,238.02
2,819,376,600.41
2,826,465.617. 48
2, 807, 890, 722. 20
2, 791, 732, 780. 16
2,728,680,344. 48

Total. . . · -- ·· --·--·
1936

604, 704, 126. 97

707,561,086.57

661,001,8 19. 90

2, 728, 680, 344. 48

Tan UaTY-- --- ·--· -· · ······

24,6 16,7 12.69
14, 550, 320. 97
118, 649, 972. 55
36, 161,714.96
66, 766. 870. 91
27, 873,909. 23
170, 700, 496. 83
I 43,475, 154. 54
7,660,361.24
27, 136, 119. 77
I 11 ,966, 136. 28
I 8, 843, 948. 97

62, 162. 133. 42
16,990. 711. 44
19,472, 138. 21
28,601, 474.57
25, 788. 347. 90
2:1, 103, 343. 50
42, 200. 622. 53
27,119,391.90
18,627,653. 01
28, 403, 788. 54
I 0, 835, 460. 87
25,067, 831.62

49, 420, 650. 65
52,691,446.85
75. 355, 56-~. 31
46, 190,361.91
150, 760. 907 . .52
112,566,6 13. 9.5
238,617,224.01
37,692,
78
26,885, 137. 49
34,990, 512. 10
33. 898, 211.49
63,3 18, 770. 11

2, 741,421,827. 25
2, 10.;. 721,091.8'
2,649,837.661. 74
2, 632, 248, 774. 40
2, 507,276,214. 78
2,417,812,944.33
2,221,396,342.85
2, 210, 822, 774. 97
2, 202, 565, 291. 49
2, 195, 978, 566. 93
2,172.915, 816. 31
2, 134,664, 877. 82

578,40 1,718.94

328, 372, 897. 51

922, 388, 364. 17

2, 134,664, 877.82

Total. . •• • . . _. . _. __

$18,845.00
8, 873, 88:l. 30

Sm, 849, 572. 52
183,453, 579. 71
331 , 987,822.44
474,530,654. 33
724,122,570.00
860, 657,320,711
97 1, 605, 266. 20
998, 822, 822. 05
1, 088, 88 1, 255. 45
1, 122,720, 837.37
1, 224,798,685.44

1933

J anuary . . .. _._. _.. ..... __
F ebruary . . . · ---- -·---·-M arch ..... · -· ··· ·· · --·-ril .... . . .. . · -·- ---·-·--

~ Y- ·· · · ······ ···- --· ·--

J une .. ··- ·-··-· ·· ·· · ---·-

J uly ····· · ········-·· · -···

A ugust ...... · -··· ··· · -· ·-

s ep ternber --·-· ··· ···- · ··

0 c tober .. ··· · -··· -··---·N overnber -- · -·· · ·- -----·

1934

J anuarY·- ··· ·-· ··--- · · · ··
F e bruary ··· · ·· ·-- - •-· --M arcb . . . - - · ····------- -·
A pril . .. -••·--· -··- - - -----

M • Y - - · --- ···-·· · · - ·-- - -J une .. . . ....... ••···-- ·· J uly ... - ·-·---- · --- ··- ---·
A ugu.st. .. -·· ····- -· ---- __
"S ep ternber .. . . ... . •-· ·· ··
0 ctober .. -•- · · · ·· -· -·---N o vember . .. . - -·· · ---- -D ecernber .. _.... . .. -· ·-··
Total. • • . · · · ··--·· ·
1935

I

I

Jan ual"Y--··· · - ·-· ·-- · -·· -

F ebruary . . . .. · -·· --- · -··
:March .. • • ---····-- ·· ---·
A pril .. - -•-··· ··· ····· - · · ·

1M:
.,0
ne _ - -- --- --------------

&Y - · · · ---··--·-· - -· ·· ··

JulY- ... · -· · ·-------·-·--

A u.gust .. · -·-·--·-···· -·-·
Se

~r~~~:: ::::::::::: ::
<> J>t!"
o vember ______ _________
N

D ecember -· -··-··-··-- -·-

F ebruary·· · · ··-----··· -M: arch .. ... .. ... - --- ·- ··A p ril--- · -- · · ······· -···-L\da y - --······ ·-· ·- - ··-- ·J"l:U1ce _ · ····- · - -· -· ·----- -rnI y - --• · · ··• • ··· · · ·· ---· -

&..u

;Je

:if~~ber:::::::::::::::

::> ctober .. . · -···--· · -· -·· ·
~ ovember _.

· ·-·······--·

D ece= ber •. - .•• - •. . ..•.. Total. •••••...••.• _
s

I

I

ow

ee footnotes at end or tabl e,

Digitized by

Google

48

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorizations, disbursements, repayments, and other reductions, and amount outstanding from Feb. 2, 1932, to Dec. 31, 1938, inclusioe, by
classes and months-Continued

TABLE

ORAND TOTAL-Continued

Year and month

Amount of
authorizations 1

1937

JanuBrY .·--···········- __
February ___ ••••• __· -·· __
March_ ---·---·-·-·····-April __ •____ -·-· •• ---·---_
MaY--- ---·----- -------June
_______________
-----July ___ ___ _______ __ • __ ____
August. __ _____ _-· -------September
__________ _____
October . . __________ ______
November . -· ------- -- --December------ · -····---TotaJ. __ ·····--·---

$14, 393, 108. 36
8, 573, 558. 25
12, 332, 449. 53
97. 277, 132. 38
I 38, 9&1, 201. 07
I 61,024, 387. 84
93, 630, 910. 54
I 159, 71\3, 700. 20
I 39, 855, 440. 09
I 5, 556, 306. 78
17, 870, 017. 35
I 82, 784, 142. 64

$48, 158, 198. 30
15, 705, 071. 11
16. 394,887.98
26.07!",, 199. 15
11 , 364, 373. 76
28,474,505.42
38, 372, 893. 07
13, 838, 981. 64
24, 161, 285. 17
24, 353, 488. 24
33, 279, 122. 08
67,318,572. 20

622, 046, 361. 03
45,621,441.05
32, 01 I, 606. 48
25,177,016.02
104,059, 212. 42
I 37,985, .161. 14
37,053, 384. 28
I 71,036. 01 2. 95
I 8.1, 991, 658. 62
I 74, 329, 806. 04
68, 883, 238. 09
85, 962, 987. 92
6/l, 575. 576. 41

I

I

1938

January··-- ---····· -----February. ______ -·· ------.
March_------·-·-------April
_____________
________
May __ ___________________
June ____________ _________
July ____ __________________
Au~ust. ____________ _____ .
September ______________ _
October ________________ __
November _______________
December ______ ---·-- ____
Total.-·-·······-·Orand total. _______

Amount of
disbursements

Amount or repay•
ments and other
reductions

I

$35, 494, 302. 23

37,360,469. 68

Amount out•
standing at end
or period

S2. 147, 32tl, m. sv

42, 317, 304. 87
26, 245, 972. 64
23, 621, 504. 72
24, 965, 450. 20
76, 989, 473. 85
15, 983, 439. 46
16, 373, 756. 98
12,171,240. 37
27, 714, 348. 95

2, 125. 673, 375. 32
2, O.'i3, 833, 358. 28
2,037,591,252. 56
2, 022, 709, 653. li8
2,027,562,654.38
2,040,970,097. 25
I, 977,819,605. 04
I, 985, 997, 450. 75
1,993,977, 1~2. 01
2, 015, 085,063. 72
2, 0.'\4. 689, 286. 97

347,496,578. 12

427, 472, 168. 97

2, 054, 689, 286. 97

32, 605, 557. 77
36, 258, 563. 47
25, 482, 818. 71
29, 318, 105. 84
37, 846, 355. 25
27. 602, 304.34
26, 099, 762. 76
42, 687,579. 43
28,430, 864 . 21
56, 925, 807. 67
24,233, 797.82
95, 300, 672. 33

19,679,311. 16
33, 752, 431. 10
293,425, 450. 81
11, 278, 949. 52
146, 426, 628. 17
21. 535, 823. 82
'72,426,347. 98
I 24, 766, 381. 11
I 10, 602, 980. 92
28, 845, 936. 82
8, 1128. 971. 62
• 31,447,843.84

2,067,615,533.58
2,070, 121. 66.,. 95
I, 802, 179,033.85
I, 820, 218. 190. 17
1,711,637. ~Ii. 25
I, 717, i04, 397. i7
1,671,377.812. 55
1,689,299,010. 87
1, 707,126, 894.16
1, 735, 206, 765. 01
1, 750,511,591.21
1,814,364,419. 70

2
I

I

724, 687, 501. 42

462, 792, 189. 60

9,418, 901, 395. 41

6, 975, 302, 522. 18

I

• 88, 234, 905. 02

I

I
I

• 6

• 703,117, 056. 117

1. 1114, a64. 419. 10

5, 160, 93!!, 102. 48

1, 814, 364. 419. 70

TOTAL, SEC. 6, RECONSTRUCTION FINANCE CORPORATION ACT, AB AMENDED
1932

$91, 601,057. 00
142,333,075. 00
228,771,667. 33
199, 450, 025. 39
3R'I, 254, 246. 63
167, 934, 7~. 59
125,136,437. 31
65, 352, 280. 71
59. 371,561. 73
73, 659, ,96. 72
81, 289, 967. 97

February
__ -----·-------March
___________________
April.
____ --------·------May _____________________
lune
___ -----·-··-------July _________
---··- _______
August. _______ ___________
September_·---·--------October- -------· --· -----November __ -----·------December------·-·-------

1, 623, 154, 844. 44

Total ___-·-·------1933
1anuary__________________

$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
61,009,014. 16
120,353, 3eo. 16
39,367,417. 87
87,440, 3111. 93

$18,845. 00
8, 873, 88-1. 30
7,009,080. 50
16,440, 1'1:1. 23
48, 684, 900. 92
34,615, 181. 07
36, 232, 968. 30
44,903, 158. 06
47, 6113, 281. 73
27,177,436.04
29, 313, 534. 28

$70, 849, 572. 52
183, 453, 579. 71
331,987, 82'1. 44
414, 530, 6.'>I. 33
724, 122. 570. 00
800, &7, 3~. 79
967, &7, 382. :Ill
984. 663, 238. 30
1,057,453, 316. 73
1, 009, 643, 298. 56 .
1, 127, 770,126.21

I, 427,603,122. 64

2911, 832, 996. 43

1, 127, 770,126.21

February ___________ ______
March _________ -·-. ______
April------------··---·--May
_____________________
June____________
__________ -·---- ---July
·- ________
August ____ _______________
September_----·--··----October --------·- ________
November_··--··-·-----December------··-·----_.

84, 182, 129. 23
209, 735, 830. 65
155,329,103. 10
100,478,161.30
111,232,351.82
120,001, 798. 76
133, 113, 288. 14
50, 602, 085. 60
38, 383, 943. 05
234, 808, 928. 52
133, 483, 731. 32
158,227,346. 69

75, 183, 421. 58
159, 688, 623, 62
122, 840, 052. 22
62, 658, 894, 98
135, 626, 841. 22
99, 193, 850. 52
95, 895, 674. 09
69, 438, 400. 13
25,086, 394. 18
37, 194, 685. 39
105, 441, 763. 45
168, 594, Ui8. 96

32, 308, 547. 15
35, 910, 843. 56
55, 687, 000. 79
40, 103, 726. 68
46, 258, 651. 69
94, 303, 490. 41
112, 777, 799. 45
72, 785, 680. 60
61,116,379. 75
69, 604, 729. 84
liO, 01e, 520. 06
63, 733, 126. 66

1,170,645,000.64
1, 294, 422, 680. 70
1, 361, 576, 732, 13
I, 384, 130, 901. 43
I, 473, 499, 090. 96
1, 478, 389, 451. 07
1,461,507,325. 71
1,458,160,051.24
1, 422, 130, 065. 67
1, 389, 820, 021. 22
1, 4-45, 245, 264. 61
1, MO, 106,296. 112

Total __ ·--·--------

I, 529, 578, 898. 18

1, 156, 842, 666. 34

734, 506, 495. 63

I, 550, 106,296.92

94, 111, 521. 99
50, 363, 984. 93
78, 519, 866. 38
66, 424, 379. 87
47,079,662. 68
I 216, 683, 435. 39

119, 658, 387. 83
51,261,401.56
17,583, 575. 76
50,594,695. 21
37,556,112.69
42, 730, 239. 15

84, 916, 603. 72
74, 601, 072. 02
80, 250, 211. 34
83,887, 390. 77
63,907,811. 67
56, 331, 107. 33

1,584,848,081.03
1,561,508,410. 57
1,498,841,774. 911 ·
1, 4&, 549, 079. 43
1,439, 197, 3SO. 55
I, 425,596,512. 3T

1934

January ________ ···------February. __ --·····-----March_·---·- __ -··- ______

tr:r::::::::::::::::::::

June_·-------·······-··-Bee footnotes at end of table,

Digitized by

Goog Ie

REPORT OF RECONSTRUCTION FINANCE CORPORATION

49

6.-Amount of authorizations, disbursements, repayments, and other reductions, and amount outstanding from Feb. !3, 1932, to Dec. 31, 1938, inclusive, by
classes and months-Continued

TABLE

TOTAL, SEC. 6, RECONSTRUCTION FINANCE CORPORATION ACT, AS AMENDED.Continued

Year and month

Amount of
author ital ions

1

A mount of repay•

Amount of
disbursements

ments and other
reductions

Amount out•
standing at end
of period

1934

July .....•.•.•.•••••..•••.
August ......•..••••.••.•.
Septernber _______________
October ...••.............
Novernher. ______________
December ....••..........

$22, 638, 980. 82
108, 138, 1147. 63
13,437, 723. 10
41, 30'J, 217. 59
29, 053, 223. 77
59, 315, 665. 16

I $220. 497,277.29
25, 5"8, 367. 08

Total. .•....•.•....

29, >,73, 546. 30
57, 25.'~. 598. 42
83, 967, 446. 31

'$315,413,979.06
81,175,178. 70
33,779,827.82
32, OM, 777. 38
48, 2\13, 9fi9. II
• 75,914, 150. 66

$1,330,679,810.60
1,275, m1, 998. 9S
1, 2fi1, !H2, 966. 94
1, 258. \IU I, 735. 95
1,267. 8fo6, 365. 26
1,275, 91U, 660. 91

827, 076, 609. 31

756,339,443.47

I, 030, 526,079.48

1,275.910, 6fi0. 91

11. 565, f,67. 14
11,935.408. 87
15, 57:l, .179. 56

57,369, !l-10. 58
47, Go:!, H:l3. fi4
46, 93:l, fiUH. 63
37, .1\17, u:l8. 59
39,944, 83:l. 36
37, 2:ir,, 107. 44
39, li42, 030. 06
30, '82. 61.5. 06
33, 7!\7, OllJ. 27
30, 960, 7 46. 02
58, 65\l, 2i0. 45

1,153,201,880. 79
1,151,241, fi27. 51
1, l:ll, Ofi2, f~a. 28
1, 0\18, Slo, :!80. 84
I, 079, 16tl, 274. 45
1, 05S. 158,177.10
1, 028, :i@. 553. 21
ll'J\l, fi43, V88. 85
964. 470,349.83

19, 7fi9, 795. 78

1935

January .......••..•••....
February ••.••.......•.••.
March .•.................
April. •••.....••..........
May ..•.•..•..•.•...•.•..
June .•....•..•.•.........
July .....•.•.•.....•.•....
August ....•....•••••.....
September •.....•.••..•..
October .............•.•..
November ••.•.•..•......
December•..•............

13,734,407.66
23, 123, 862. 45
12,600, 100. 00
10, 212, 94~. 47
10, 4tli, 664. 95
10. ,,74, 886. 48
7, 979, 725. 15

17,418,681.94
14,877, 791. 77
11. 448, 39\1. 06
2:l. 041, 158. r,5
37, \187, 5~0. 08
17,054,160.21
7,394. i25. 62
11, 231\, ,508. r,7
4, 2S3, 891. 47
3, u78, 3'lti. :is
2, 2:15, 181. 61\
23, 485, 631. 43

Total. •••••.•.•.•..

180, 461, 830. 98

174,443,104.84

48.5, 892. 415. 92

9fi4, 470,349.83

17,049,894. 79

5, 845, 842. 34

45, 590, [190. 37

7, 0t13, US9. 88

25, 29-1, 991. R2

1, 235, 968. 702. 27
1, 20:J, 241,660.40

1, l#i7, 757, 3H0. 83

1936

January .....•••....••....
February...••.•.•...•.••.
March •.......•...•.•....
April ..•.••••.•..•...•....
May •••...•.•..•......•..
June._ •.....••••......•..
July .........• " •••••.•.••.
August ........•...•••.•••
September .•..•.•...•.•..
October ....•.......••.••.
November .••••....•..•..
December •••••.••........
Total. •••••••••••..

I

4,797.977. 98

8, 76fi, 711. 17

109,430, 139. 36
26,122,916. Oi
22. 52,5, 313. 62
8. 310,139.58
2, 779, %7. 20
28,242,679. 87
3, 5%, 578. 21
11, 774, SW. 33
8, 442, 602. 55
I 2,721,697.33

6, 8S3, 435. 42
12,590,452. 21
11, 124, 092. 12
4, 180, 608. 06
16, 946, 451. 02
9, 785, 793. 42
5,974, 2.14. 27
15, Ofi2, S62. 03
4, 187, 208. 76
15, 762, 093. 27

41,852.145. 03
32. 070, 828. 48
60,016, 3f>f>. 67
18,441,445.66
20, 882, 492. 04
24, 134,628. 57
66,701,434.40
16. 038, 655. 17
19,922. f,39. 38
24, 08:l, 060. 27
25,017,433.84
22, 252, 042. 76

928, 464. 047. 14
905,154,929.83
852, 021, 998. 58
846. 171,005.13
836, 412, 605. 21
816,458, 584. 70
761\, 703, 601. 32
760, 450, 739. 57
746, 502, 334. 46
737,482, 136. 22
716,f,,11,911.14
710, 161,961.66

245, 794, 505. 89

117, 109,784.09

371,418, 172. 27

710,161,961.65

I 9, 035, 044. 36
3, 590, 733. 86
3,497,423.12
14, 635, 207. 45
30, 789, 770. 04
18. 332, 608. 88
3,026,879.86
6, 844, 086. 63
• 16,315, 759. 14
346,694.20
253,458.81
I 3, 848, 399. 99

4,146,582. 10
4,616,662. 24
5,481,114.51
10,361,963. 20
2,941,227.46
13,649, 128. 95
14,922, 131. 95
6,574,994. 30
11, 646, 355. 86
7,343,922.80
4,077, f,89, 07
14, 236, 835. 65

17,025,333. 56
12, a95, 128. oo
27,814,279.44
14,662,608.55
10,619,269.45
7,178.407. 61
15,267,848.47
9, 619, 376. 21
8, 466, 458. 80
9, 626. 864. 34
9,194,334.63
12, 285, 142. 01

697, 283, 210. 19
689,304,744.43
666,971,579. 50
662, 670, 934, 15
654, 992, 892. 16
661,463,613. 50
661, 117. 896. 98
658,073,515. fJ1
661. 2a3, 412. 13
658,970,470.59'
653, 853, 825. 03
655, 805, 518. 67

110, 516, 066. 34

99, 998, 608. 09

154,355,051.07

655, 805, 518. 67

23, 693, 569. 65
• 4,201,421.28
8,359,274.06
21,480,049.67
21,206,029.00
11,974,287. 79
50, 589, 578. 09
14, 492, 400. 00
16, 059, 412. 09
1,524,974.36
42, 909, 621. 95
23, 465, 687. 97

7, 353, 669. 73
10,243,474. 16
9, 439, 254. 72
4,448,914.18
30,406,159.39
8, 9i 5, 665. 48
10, 792, 441. 68
23,999, 212. 51
• 14,170,470.84
22, 034, 003. 37
14, 679, 961. 70
30, 840, 582. 50

7,993,791.28
13, 938, 584. 66
4, 969, 838. 43
6, 848, 134. 68
42, 115, 978. 50
8, 638, 992. 81
5,926, 171. 10
18,506,354.67
I 5, 110, 793. 27
4, 542, 653. 82
4. 224,875. 44
' 10, 288, 921. 49

655,165,397.12
651,470,286.62
655, 939, 702. 91
653, 540, 482, 41
641, 830, 663. 30
642. 167. 335. 97
647,033,606.55
652, 526, 464. 39
681,586.141. 96
679,077,491.51
689,532,577. 77
710, 084, 238. 78

• 133, 105, 090. 15

710, 084, 238. 78

• 3, 209, 636, 300. 95

710, 084, 238. 78

1937

January •.•.•..•.••••.••.•
February .•••.....•.•.•..
March ••.•..•.•••.•.•....
April. ..•••••••.•..••••...
May .....................
June .•.••.....••.••....•.
July ....•...•..•.••••.•...
August .......•....•••....
September .•.•.•.........
October ....•••...••.•....
November ...............
December...•••.•••..••..

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

I

1938

January ...•••••••••.•....
February .................
March .•..•.••..•.•••....
April. ••••.•.••••...••.•..
May ..••••.•••••••.•.•...
June ...••••••••..•••.•...
July ...•••••••••.••..•....
August. ....••••.•.•••..•.
September •..••.•.•.•.•..
October ...•.••••..•.•....
November ...............
December ..•.•.•.••..•...
Total. •••.•••••.•..

239, 956, 305. 91

Grand total.. ......

4,756,539,061.05

I

187,383,810. 26
a. 919, no. 539. 73

I

See footnotes at end or table.

136800-39--4

Digitized by

Google

50

REPORT OF RECONSTRUCTION F'INANCE CORPORATION

6.-Amount of authorizations, disbursements, repayments, and other reductions, and amount outstanding from Feb. 2, 1932, to Dec. 31, 1938, inclusi11e, by
classes and months-Continued

TABLE

BANKS AND TRUST COMPANIES (INCLUDING RECEIVERS, LIQUIDATING AGENTa, AND CON8EBVATORS)

[Under sec. 5 of the Reconstruction Financd Corporation Act, as amended)
Year and month

Amount of
authorizations 1

Amount of repayments and other
reductions

Amount or
disbursements

Amount outstanding at end
or period

1932

February_._------------March. __________________

$44, 625, 300. 00

June _____________________
July ______________________
August. __________________
September ________ --- ____
October __________________
November _______________
December ________________

u:t--------------------

108, 751, 135. 06
151. 953,931.93
113, 117,970.34
218. 911, 560. 56
97,265,633.42
87,776,078.12
29, 951, 680. 23
21, 727, 702. 58
23, 249, 644. 02
50, 756, 363. 83

$39, 546, 160. 52
85, 870, 980. 49
112,153,001.36
1()8, 042, 844. 29
150. 860, 147. 93
104, 165, 085. 80
77, 635, 909. 68
27, 292,650.02
80,746,257.61
20,349,217.99
42, 886, 401. 99

$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, 064. 49
40, 413, 591. 02
40, 309, 438. 66
22, 466, 223. 72
21, 056, 562. 10

318,467,351. !;T
423, 980, 722. 97
4911, 945, 063. 24
546, 279, 908. 43
633, 158, 967. 43
673, 595, 786. 38
671,478,780.65
593, 308, 620. 54

Total.. ____________

948, 087, 000. 09

849, 548, 657. 68

256, 240, 037. 14

693, 308, 1W. 54

January __________________
February_________ ----- --March ___________________
ApriJ_____________________
___ ------ --- ----- •. -May
June. ____________________
July ______________________
August__ __________ . -- _--.
September_ •••. __________
October ______ .. __________
November _______________
December ________________

56, 133, 284. 40
132, 422, 465. 58
94,393,748.61
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
38,010, 766. 80
107, 706, 949. 71

43, 092, 790. 40
78, 112,411. 70
60, 600, 655. 93
22, 548, 591. 40
87, 797,700.34
11, 959, 738. 64
66,063,436. 74
52, 384, 893. 98
15,610,326. 79
15,030, 459. 24
50, 296, 831. 40
71,174,894.58

26,006, 313. 86
20, 679, 528. 77
40, 732, 996. 06
28, 405, 472. 95
37, 708, 101. 48
75,060, 201. 44
67, 834, 189. 96
35, 272, 674. 07
27, 477,571.07
30, 729, 084. 52
25,369,807.11
46, 087, 136. 80

610. 395,097.08

672, 292, 116. 80
656, 593, 491. 52
681,520,515.81
706, 608, 273. 5ll

Total .. ____________

845, 509, 525. 16

574, 662, 731. 14

461,363,078.09

706, 608, 273_ 511

52,309,508.13
40,076,199.06
49, 337, 638. 07
45, 952, 037. 64
32, 078, 280. 10
18, 702, 123. 90
18, 977, 204. 16
104. 604, 284. 66
10,003, 381. 85
13, 637, 901. 13
19,883, 278. 27
20, 71f1, 548. 53

52,170, 810. 41
38,806,076. 75
12, 679, 248. 46
19, 686, 455. 31
28, 441, 484. 52
25, 213,830. 72
19,854, 267. 78
21,715,413. 70
15,767,592.57
17,781,752.47
46, 896, 421. 99
59, 918, 878. 88

62, 776, 918. 811
48,884, 1511.47
51, 863, 303. 58
50, 273, 645. 69
42, 729,875. 83
41, 055, 248. 79
31, 902, 234. 38
24,887, 661. 83
23, 027, 902. 13
21, 762, 114. 00
32, 528, 540. 18
30, 986, 891. 61

426, 329, 385. 50

358, 932, 233. 56

462, 678, 296. 28

602, 862, 210. 87

8, 327, 367. 14
9,033,311.90
13, 996, 693. 99
9, 540, 215. 15
8,341,143.53
13, 559, 363. 52
8, 590, 100. 00
6, 239, 954. 82
7, 032, 553. 04
5, 931, 300. 39
9, 853, 149. 42
7,452,009.86

11, 987, 985. 80
9, 670, 568. 45
9, 104,891. 25
14, 632,530.99
9,860,357.64
11,045,814.38
5, 146,095. 75
9, 592,499.42
2, 024, 621. 30
2, 884, 590. 79
320,301.89
20, 291,243.60

42, 165, 976. 60
35,090, 775. 39
36, 498, 782. 11
29,099, 707. 49
29, 200, 968. 05
25, 482, 946. 86
27,378,947.02
22, 992, 066. 49
16, 105, 494. 46
19, 222, 508. 82
25, 277, 302. 87
27,000,463. 52

572, 684, 220. 07
547,264,013.13
519,870,122.27
505, 402, 945. 77
485, 972, 335. 211
471,535,
78
449, 302, 351. 51
435, 902, 784. 44
421,821,911.28
405, 483, 993. 25
380, 526, 992. 27
873,817, m.as

107, 897, 162. 76

106, 561, 501. 16

335, 605, 939. 68

873,817, m.as

.January __________ -- -----9, 378, 229. 71
2, 706, 657. 34
February._-------------March
___________________
8,
975, 920. 57
.Aprf)__ ___________________
5, 700, 054. 09
May _____________________
12,
520, 326. 14
.June _____________________
6, 743, 139. 58
.July______ ------------ -- -2. 180 436. 95
See footnotes at end or table.

4,506,418.18
3 923,147.40
5, 233, 740. 93
4, 241, 577. 57
3,237,178.53
3, 022. 009. 09
3 767 184.83

26, 303, 745. 54
22,961,517.31
55,347,712.50
13, 577, 910. 68
12, 306, 867. 84
12,991,647.65
16 410 165. 82

352, ~ . 444. 911
832, 982, 075. 08
282,868, 103. 51
273, 531, TIO. tO
264, 462, 081. 09
2M, 492, 542. 53
Ml ,849, 561. 54

$39,627,315. 52
117,746,764.71

223, 009, 1187. ~

1933

1934
January __________________
February
..
-------------March ___________________

tfa~L~:::::::::::::::::::
June
_____________________
July ___________ -------- --August_ __________________
September. ______________
October __________________
November _______________
December________________
Total ______________
1935
January __________________
February •• ______________
March ___________________
April__
___ ------ ---------May
_____________________
.June _____________________
.July
______
----- -- --- -- --- August
___________________
September _______________
October __________________
·November _______________
December________________
Total. _____________

667,827,980.01
687, 695, 1139. 88
681,838,758.33
731, 928, 357. 19
668,827,894.39
667,047, 141. 17

684, 159,361.08

696, 002, 1116. 11

685, 924, 082. 39
646, 7(0,027.27
616, 152, 1136. 911
601,864.545.68
586, 023, 127. 61
573, 975, 161. 01
570,803,012.88
563, 642, 703. 32
569, 562, Ml. 79
573, 930, 223. $1
602, 862, 210. 87

m

1936

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REPORT OF RECO.NSTRFC'l'ION FINANCE CORPORATION

51

6.-Amount of authorizations, disbursements, repayments, and other reductions, and amount outsta11ding from Feb. 2, 1982, to Dec. 31, 1938, inclusive, by
classes and months-Continued

TABLE

BANKS AND TRUST COMPANlll:S (INCLUDING RECEIVERS, LIQUIDATING AGENTS, AND CONSERVATORS)-Con.

Amount. or
authorizations

Year and month

1

Amount of repayments anti other
reductions

Amount or
disbursements

Amount out•
standin~ at end
of period

-----1936

August_
September .•• __________ ._
October. _________________
N'ovemher _______________
December________________
TotaL _____________

I

$6, 883, 654. 88
3, 186, 42\l. 27
3,:lf>4.M7.51
2, fi/!Y, [,93. 28
I 1,605,044.37

$2,824.153. 74
3, :n2, 214. SJ

fin. s28. 56
4,979,683.67

$11,918,852.75
13, :ms, !l85. 43
12, IKJ,5, f>46. i6
JO, 673,864.30
12, 936, 338. 37

65, 9:14, 053. 69

44,005,400.07

220,743,054.95

3, 685, 044. 36
2,474, W8. 48
862. 500.00
10,275,557.19
15, i,57, 025. 96
4,319, 722. 18
2,958,974. 28

11,315, 7!i9. 14
346, f.!14. 20
2/i:l, 4!iS. 81
• I, 483,812. 12

847,051.56
1,053,015.15
1, 98fi, U85. 36
1,131. 1,;;.00
358, :ns. 61
5o:J, 7\15. 73
10, 146, sn. 01
2, i48, S78. 94
1, 32.5, iiO. 33
2,259,974.91
207, 1ii. 27
9, 125, 91'.!8. 66

JO, OM, 908. 34
7,762,931. 79
8, 172, 603. 46
6,412,338.38
5, 8.55, 272. 37
3,730, iUIJ.06
6, U14, 959. 69
4,887,078. 75
4, :m2, 860. 97
4, 4112, 807. 28
4, 773, 8!i2. 76
8, 778, i46. 51

187,862. 200. 69
181, 152,:l44.05
174,966,725.95
IR9, 6&5, 545. 57
164,188,611.81
160,961,698.48
lf,4, 193,561.80
lf.2, 055, 361. 99
1.59, 018, 271. 35
156,875, 4:l8. 98
l!i2. 308,757.49
152, 655, 999. 64

43, 900, 333. 35

31,694,951.53

76,119,069.36

1,52, 655,999.64

4,372, 795. 19
3,:i:io, 1M. 12
2,771,188.53
2, f>78, 135. 09
7. 86:J, 790. 13
2,447,975.23
2, 82,\ 330. 62
2, 76!i, 578. 50
I 2,462,507.90
2,544,489. 51
2, 456, 110. 86
1 4,288,094.64

149,359,514. 61
146,124,160.49
143,674,281.95
141,465,658.11
135,784,559.44
13.1, 613,267.66
132, 072, 361. 77
129,706,583.27
127,468,375.37
I 26,883, 688. 31
124,427,577.45
121,610,956. 75

1937

January __________________
February_. ______________
March .. _________________
•pril _____________________
May _____________________
June _____________________
July ______________________
August ___________________
September _______________
October ... _______________
November _______________
December________________

I

lfi6, 7Sfi.fi.1

I

TotaL _ ----- _-----1938
January __________________
February ________________
March_. _________________
April__ ___________________
May _____________________
June _____________________
July ______________________
Au1n1st __________________ .
September _______________
October. ________________ November _______________
December ________ ----- --TotaL _____________

I

Grand totaL _______

452,606.66
1, 197, 8-19. 61
1,402, 707. 16
4, ,556, f>.57. 76
2,513.469. 00
3,094,800.00
8!19, 578. 09
I, 474,400.00
45,000.00
I, 1!14, !O(l.00
n6, 100.00
1,943, 68i. 97

4, 2.1s. io2. 74

1,076,310.16
94,800.00
321,309.99
469, 51 I. 25
2, 182,f>nl. 46
276, f;,J. 45
1,284,424. 73
3\l'J, 81ttl. ()()
224, 3!KJ. 00
I, 959,802. 45-

-------------------1,471,473.94

19,511,556. 25

9, 761, 107. 43

2,457,169,016.80

1,975,166,582.57

I

$232. 754,862. 53
222, 778, 091. 93
2l!i.fll7,807.91

2or,. o:Jf\ 772. I 7
197,080,117.47

I

197,080,117.47

• 40, 806, 150. 32

121,610,956. 75

• 1,853,555,625.82

121,610,956. 75

BUILDING AND LOAN ASSOCIATIONS (INCLUDING RECEIVERS)

[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
1932

March __________ ------ -- _
April._ _______ - - - --- -----\fay_ ________________
-- - - - ------ - - ------June.
---July _____________________ _
August_ ____________ -----_
September _______ . --- .. -October .. ________ -----. -N"ovember _________ -----Dec-ember _______________ _

$4,879,750.00
19, 106, 0&1. 40
13,011,800.00
15,417,200.00
15,314, MO. 03
12, 543, 600. 00
7, 29.5, 705. 00
3, 7,50, 500. 00
3,391,532.00
4,985,274.32

Total_ - ------------

99, 696,044. 75

$2,430,500.00
10, 170, 181\. 68
19,624,016. 39
9,823,631.19
16,577,471.48
12, 180, 06.1. 17
9,435, I 15. 28
5,080. 9.54. 91
3,830,807.59
4, 710, 367. 98

-------------------$58, f>42. 06
4119, 878. 87
5.15, 840. 65
I, 205,474.10
1,561,404.87
1, 25:l, 188. 31
1,376,330.52
1,618,781.05
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, 133,206.26
84, 246, 674. 60

9,616,440.07

84,246,674.60

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

93, 863, 114. 67

1=======1=======1=======1======

1933

January __________ -------February _______________ _
March _________ ---------el.priL_ _________________ -\lay ____________________ _
June ____________________ July ---- - - - - - - - - -- -- - - - - - Au~ust _________ -- -- ---- - See footnotes at end of table.

4,294,724.89
2, 849. 5.59. 28
3,219,307.24
1,691,000.00
I, 841. 231. 87
l, 804,847. 24
266,781.25
892,449.04

3,412,672.47
4,093,224.60
1, 697, 279. 66
2, 37 5, 2.15, 24
I, 888, !JflR 45
], 741,824.86
724,147.01
1,114,230.35

2, 288, 507. 52
2, 080, 44:;_ 27
2, 60G, 799. 34
4,017,879.50
3, 13.5, 193. 43
3, 4:Jfi, ~21. 04
2, 476, 046. 91
3, 197, 886. 04

Digitized by

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, ~5 I. S8
78,054, 696. 19

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52

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorizations, disbursements, repayments, and other reductions, and amount outstanding from Feb. 2, 1932, to Dec. 91, 1938, inclusive, by
classes and months-Continued

TABLE

BUILDING AND LOAN ABSOCIATIONB (INCLUDING RECEIVIIBS)-Contlnued

Year and month

September.•.••...•.•••..
October .....•...•..••••.•
November_ ..••..........
Deeernber...•...........•

Amount of
authorizations 1

Amount of
disbursements

Amount or repay.
ments and other
reductions

Amount outstanding at end
of period

$281,490.54
2, 096, 0->9. 51
443. 016. 68
2,135,000.00

$321,417.65
531, 340. 92
272,414.58
1,014,664.29

$3, 133, 402. 11
4,355, 972. 33
3, 523, 903. 39
2, 943, 778. 21

$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

1934
January..................
17,606.85
924,203.45
February................
80,000.00
43,161.85
March...................
64,000.00
71,317.92
April.....................
265,000.00
42,815.10
May.....................
311. 000. 00
258,219.08
June.....................
500,000.00
30,551.50
July...................... ...•.••......•...•..
500,000.00
August .......•.•......•.......••.........•....•••..•..•........•
September ••.........•..........•.•.. _........•.•••..............
October..................
65,000.00
51,268.89
November .•••..•.•.•.•.•.....................•.•.•.....•••••...•
December................
20,787,069.21 .••..•.......••.•...

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

Total. •.•....••.•..

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

Total. •.•••••.•.•..

21,814,676.06

I, 921,537. 79

l=======l=======I======

1935
January..................
500,000.00 .•.•..•.....•••••.••
February................
80. 000. 00 ......•..•.•........
March...................
8,524.90
77,275.00
April.....................
20. 000. 00
May.....................
100. 000. 00
8. 524. 90
June.....................
750,000.00
365,484.23
July......................
220,000.00
081, 330. 94
August................... ...••......•........
25,787.85
September ••..•......••...•...•..................•..••••.........
October ...•..•...••..•••..•...•••...•..••.......•.•.•.•••......•.
November ••••..•••••.•.•.•.•.•...•.•..•..•....•..•.•............
December....................................
10,755.04
Total._ ••.•••.•••..

I, 678, 524. 90

1,469,157.96

1936
January..................
165,000.00 ······-·············
February................
150,000.00
64,929.52
March .••.•••••.•.•••••....•••.••••.•.........•.•.••....•.•••••..
April.....................
43,850.00 ...•••.•••....••••..
May..................... ....................
17,000.00
June ••.•....•.•...•...•..•..•..••••...•.•••..••••.••••....•.••••.
July .•....••.•..•.••••••.•...•.•..•••••••..•....••.•.•.•.•.•••.•..
August ....•..•.•••.••.••..•.•.....•...........•...•...•.••..•.•..
September...............
37,000.00 ................... .
October ..•••••..•••••••••••....•••••••••••....•••.•.•.•.•.......•
November............... ..•....••••••••••.•.
36,000.00
December..••.•••.•••..••.•......••••••.•••..••••.•.•....•••••••.

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

395,850.00

117,929.52

4, 471, 437. 35
2, 044, 580. 75
1, 370, 165. 85
946,256.62
895,561.51
907,140.69
513,415, 39
1,047, 611. 32
271,713.60
600,889.73
500,038.52
543,900.85

15, 446, 592. 13
13,402,011.38
12, 109,120.53
11, 162,863.91
10,275,827.30
9, 734, 170. 84
10, 202, 086. 39
9, 180, 262. 92
8, 908. 549. 32
8,307,659.59
7,807,621.07
7,274,475.26

14, 112, 712. 18

7,274,475. ?6

575,799.92
735,893.57
470,564.57
363,257.33
292,124.30
931,066.80
189,020.27
167,552. M
286,587.06
449,257.46
233,743.65
235,349.72

6, 698, 675. 34
6,027,711.29
5, 557, 146. 72
5, 193, 889. 39
4, 918, 765. 09
3, 987, 698. 29
3, 798, 678. 02
3,631,125.48
3, 344, 638. 42
2, 895, 28()_ 96
2, 697, 637. 31
2, 462, 187. 59

4,930,217. Ill

2,462,187.59

I = = = = = = l======l======l,==s=,-=====

1937
January..••••••••.•.•.•••.••••••.•••••••••••..•••.•..•••••••.•••.
February •.••.•••••.•••••..•••••.•.••.•...•...••••••.•••••••••.••
March...................
321,017.03 ••.•.•••...•.....•.•
April.....................
917,276.92
283,384. 70
May.....................
2,864.82 •••.•••••.......••.•
June.....................
602,209.58
159,759.82
July...................... .....••....•..••••..
3,570.80
August .•....•••••••.......•.•.•.•.••...••.••.•••••••••••••..•••••
September •••••.•••••.•••••.•.•.••••.••.•••••••••.•.•••.•••.•...•
October .....•••••••.•••...•...•.•.•••••••.•••••.•••.•.•••••.••...
November .••.•.•••.•........••.•.....•.........•••.........••.••
December................
400,000.00
633,325.80
Total ••••••••••••..

2, 243, 369. 25

980,041.12

104,132.54
161,505.88
107,000.90
137,151. 75
174,497.58
167,251.89
107,755.35
85,486.62
58,797.29
91,672.93
72,703.76
71,426.80

2, 358, 055. 05
2,196,549.17
2, 089, 548. 27
2, 235, 781. 22
2,061, 283_ 64
2, 053, 79 L 57
1,949, 607_ 02
1, 864, 120. 40
1, 805, 323. 11
1,713,650. 18
1, 640, 946. 42
2, 102, 845. 42

1, 339, 383. 29

2, 10'1, 845. 42

Bee footnotes at end of table,

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REPORT OF RECONSTRUCTION FINANCE CORPORATION

53

6.-Amount of authorizations, disbursements, repayments, and other reductions, and amount outstanding from Feb. 2, 1932, to Dec. 31, 1938, inclusive, by
classes and months-Continued

TABLE

BUILDINO

AND

LOAN ASSOCIATIONS (INCLUDING RBCEIVERS)-Continued

Amount of
authorizations •

Year and moo th

Amount of repay•
ments and other
reductions

Amount of
disbursements

1938
$1,500. 00 ••••••••..•.•...•...
Isnuary..................
1395, 631. 25
February................ . •.••••.•...........
198,266.00 ....•.••••••••••.•••
March...................
1,500.00 ..••••.••.••••.•....
April................ .....
174,905. 72
600,000.00
May.....................
June •.•••.•••••••••..•••...•.•...•..............••.••••.•........
90,000.00 .................. ..
July......................
24,835. 69
August................................... ....
405,000.P.O ..••....••• •......••
September...............
,5, 000. CO ••••••••••••••••••••
October..................
4,370,000.00 ••••..•••••••.••••..
November...............
300,000.00 ....• •.••••••••.....
December.......... . ... ..

Total .•••.••••••••.
Grand total. •..•••.

6, 041, 266. 90

$59,777.63
66,888.61
49,153.26
71,729. 44
49,307.48
88. 303. 43
70,307.83
48,803. 27
I C.7, 733. 25
33,676. 66
63, 393. 86
• 53, 868. 60

595, 272. 66

I======= l=======I
153,685,199.40

us, 134, 493.80

Amount out•
standing at end
ol period

$2,043,067. 79
2,371,710.43
2,322,557.17
2,250,827. 73
2, 37fi, 425. 97
2, 288, 122. 54
2,217,814. 71
2, 193, 847. 13
2, 126, 113. 88
2,092.437. 22
2, 029, 043. 36
1, 975, 174. 76

• 722, 943. 32

1-----1, 975, I 74. 76

• ll6, 159,319.04

1,975, 174. 76

INSURANCB COMPANIES
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
1932

March..... .. ...... ......
April......... . .. ..... ....
May...... ... .... . ...... .
June.................. ...
July......................
August............... ....
September. . .............
October ..... ......... .. ..
November...............
December.............. ..

$7,080,000. 00
9, 7Z'l., 000. 00
7,543,000. 00
39, 120, f.00. 00
3,833,500.00
4,523, 700.00
3,370, .100. 00
I, 209, 000. 00
2, I.II, 000. 00
4,495,731.66

$6,635,020.00
4,141 ,250.00
8,514,225. 00
26, 719,243.83
4,069,749. 49
4, 661,210.41
4, 691,720.37
I, 625, 444. 01
I , 66.1, 828. 78
5,313, 02,. 03

$74,400.00
17,991.37
378,115.24
99,965.64
409,1 11.04
2'J6, 009. 69
924,791.50
9fA, 884. 50
695,473.62
1, 727, 995. 92

10, 684, 778. 63
18, 820, 888. 39
45, 440, 166. 58
49, 100,805.03
53, 4f>6. 005. 75
57,232,934.62
57,893. 494. 13
58, 863, 849. 29
62, 448, 880. 40

83,048,931.66

68,037, fi!S. 92

5, 588, 738. 52

62, 448, 880. 40

December···············

1,214,500.00
1,236,500.00
7,328, 131. 07
1, 624, 000. 00
l, 286, 322. 94
2,074, 381.84
330,100. 00
650,000.00
545,000.00
300,000. 00
541,000.00
350,000.00

976, 151.99
407,252.19
9,514, 589.21
1,678,000.00
2, 2,56, 149. 25
047, 098. 39
964, 4i6. 50
1, 238,304. 75
5.'l.1. 000.00
382,000.00
355,888.94
389,503.38

522,669.22
249, 134. 17
315,230.93
1, 4,13, 255. 23
91\0, 955. 02
4,627,689.07
3, 040, 046. 40
I, 019, 754. 86
1, 032, 068.17
702,3 10.55
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, 7i8. 47
70,099, 187. 79
68, 023, 617. 89
68,242. 167. 78
67,745, 099.61
67. 424, 780.06
64,922,407. 74
60, 929, 559. 99

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

17,479,935.85

19, 644, 414. 60

21, 163, 735. 01

60, 929, 559. 99

Total. •• •••••.••• •.
1933

1--------1--------1--------1·-

$6,561,520.00

l=======I

January ................. .

~~:~ ............... .
::: :::: ::::::::
i~rusi::::
September •.••.••••......
~~~~1>e.= ·· ........... --

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

2,254,690. 77

l=======I=

I, 835,829.93

4,897,081.31
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, 3.li. 84
864,938.90
602, 486. 82
4,504,357.43

66, 269, 904. 48
54, o,,9, 2c,1. 22
51,554,331. 78
38, 2ii0, BOO. 82
35, 398, 503. 26
34, -163, 298. 04
32, 523, 997. 06
31,363,197.87
30, 532, 240. 03
29,852, 301. 13
29,249,814.31
24,745,456.88

38, 019,933.04

24,745,456.88

See footnotes at end or table.

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54

REPORT OF RECONS'l.'RUCTION FINANCE CORPORATION

6.-Amount of authorizations, disbursements, repayments, and other reductions, and amount outstanding from Feb. 2, 1932, t-0 Dec. 31, 1938, inclusive, by
classes and months-Continued

TABLE

INSURANCE COKPANIES-Contlnued

Year and month

Amount of
authorizations

1

Amount or
disbursements

1935
1anuary....••.....•.•...................•......••••••.........•..
February................
$2,300.00
$1,631.31
March .......•............................•...•.•...••..•.•.....•
April ..•....••........•....•...•.•...........•...•.••••••.•..•....
May.....................
65,000.00 ...•••...•••••••.•..
June .•..........•.........•...............•.....•.•.•.•••••.•.•••
July ••......•...•...•.....•...................•...•.•.•••••.•....
August. ...•.•..••....••...........•....................••••...•..
September .•....................................•.•••..••.•......
October .....••...•........•...................•••...•.....•......
November •••.••..........•...........••.••...•••.•.•.•••..•.....
December...•.•........................•.........••.......•......

Amount or repayments and other
reductions

Amount out•
standing at end
of period

801,232.98
1,316,319. 76
639, 112..01
1, 183, 933. 67
493,814.38
387,190.57
7, 169, 858. 70
623,145.21
3, 158, 760. 75

$23, 953,251.23
22, 526, 218. 93
21, 958, 954. 30
21, 157, 721. 32
19,841,401.57
19,202,289.56
18, 018, 355. 89
17. 524, 541. 51
17,137,350.94
9, 967,492, 24
9. 344, 347. 03
6, 185, 586. 28

18, 561, 501. 91

6,185,586.28

125,180.07

105,149.96
640,205.39
26,790.54
73,795.80
134,458.84
109,835.01
440,534.92
161,944. «
126,539.00
126,182.90

6, 060, 406. 21
5, ~ 52, 158. 11
5,747,008. 15
5, 206, 802. 76
5, 180,012.22
5, 106, 216. 42
4, 971. 757. 58
4,861,922.57
•• 421,387.65
4, 259, 443. 21
4, 132, 904. 21
4,006, 721.31

156,000.00 ··········-··•··•••·

2, 178, 864. 97

4, 006, 721. 31

1937
January.................. .•.•••••.•.•.•••....
130,921.66
February................ .•..•••....••..•..••
25,000.00
March ...•••..••••••.•••....••••••..•••••.•...•••••••••.•••••••..
April ........•...••..•••.....•.•••.•.••••..•...•.•.•••••••••••••..
May •...........•.•••.•••..••.•••••••••••••••.•••.•.•••••••••••••
June ............•.•.•.••...••••••••.•••...•.•...•...•••••••••••••
July ........ ····•··-·•··· ·····••••··•·••••••· .••••••••••••••••••.
August ......•...•.•.•••••...••••••..•••••.•.........•.•••.••••••.
September .•...••.••••••..•...•.•••.••••......•.•••••••••••••••••
October ..•••.•.•..•.••••..•.••••••.•••••••••..•...•.•••••••••••..
November .••...•.•••.••.•••••••••..•.••.••...•...•••••••••••....
December••••.••..••••••..•.•.•.••..•.•...•....•••.••••.•••••.••.

160, Hl.22
77,711.91
62,286.64
19,886.42
23,215.06
116,911.30
23,273.49
104,341.25
196,232.78
16,375.09
407,4i8.65
163. 967. 54

3, 977, 501. 75
3, 924, i89. 84
3, 862, 503. 20
3, 842, 616. 78
3, 819,401. 72
3,702,490.42
3, 679, 216. 93
3,574,875.68
3, 378, 642. 00
3, 362, 267. 81
2, 954, 789. 16
2. 790, 821. 62

1,371,821. 35

2, 790, 821. 62

33,824.91
175,144.94
21,614.32
13,735.48
15,616.68
18,524. 75
4,298.75
lff, 147. 57
I 28, 783. 10
21,578.66
450,865.35
• 11,275.60

2, 756, 996. 71
2,581,851. 77
2, 560. 237. 45
2, 546, 501. 97
3,548,678.68
3, 530, 153. 93
3, 525, 855. 18
3, 509, 707. 61
3, 480, 924. 51
3, 459, 345. 85
3, 008, 480. 50
2, 997, 204. 90

Total. •.•.•.•.....•

67,300.00

1,631.31

1936
January .....•.•.••...•......•••.•••.•••••••.•.•.•...•••.•.•......
February .•••••.•.....•.....••.••.....•••.•...•......•.......•...
March .....••.•...•...........•.•.......••...........•.••........

u;~L::: ::::: :::: :: ::::: : :: :::: :: :::::::: :::: :: :: ::::::::: :::::::

June .•.....••.•.....•.•.......•...•...•...•...........•.......•..
July ........••.•.•.....•....••...•.•.•...•••...........•........•.
August ...••...•.•..•..••..........•..•.•..•...........•..........
September .......••....•......•.........•.•...........•...•...•..
October ...•••••.•...•.•...•....••.•..••••••...........•.•••.•••..
November ..•.•.•....••...•...•.•..............•......•.•.•••••..
December................
156,000.00 .........•.•.•..••••
Total. •••••••.•.••.

Total. •••••••••••...•••.•...........•..

155,921.66

1938
January •.•••.••••.•.•••...•••.•.•.....•.••...••••••••.•.•••...••.
February ...•••••.•.•....•••••..•.••.••.••....•••••......•••••••.
March .••....••••.•.•.••....•••...............•••••.....•........

M>;j::::::::::::::::::::: .......~~~~.~~~~~~. ·······i:oi1;10a:ae·

June .••••••..••••...•••.....•.•.....•••.••.....••......••........
July ..•.•.••.••••••.••••.••••.•••...••.•.•..•..•........•..•...•..
August ....•..••......••..••••.........•.....•..••.....•...••.....
September •...............•.....•.....•......••.•........•••....•
October ..........•....•...•....................••.....•.•.....••.
November...............
400,000.00 ...•........•.......
December.•.••...•..••••..••...••...............•.......•........
Total..............
Grand total........

$792,205.65
1, 428, 663. 61
M7,_264. 63

208. 248.10

1,432,891.91

1,017,793.39

• 811,410. 11

2, 997, 204. 90

104,439, 750. 19

90,693,209.81

• 87, 696, 004. 91

2, 997, 204. 00

1=======1=======1=======1,

Se•~ footnotes at end of table.

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REPORT OF RECON STRUCTION FINANCE CORPORATION

55

6.- Amount of mithori zat.ions, disbursements, repayments, and other reductions, and amount outstandin g from Feb. 2, 1932, to Dec. 31, 1938, inclusive, by
classes and months-Conti nued

TAB LE

MORTGAGE LOAN COMPANIES

[Under sec. 5 of the R econstruction Finance Corpora tion Act, as amended ]

Year and month

Amount or
authorizations

1

Amount of repaymeats and other
reductions

Amount or
disbursements

Amount outstanding at end
of period

1932

$6, 517, 000. 00

Iune . . .•. •• -···----- - - · -1ulY- -- -·- · -- - -- ----- - --AugUSL-------------··-Sentember
. ___ ___________
October __________ ___ ____.
November . ________ ______
December._ . _____________

7, 510, 000. 00
2, 968, 000. 00
57, 700, 000. 00
7, 119,000.00
1,092,000.00
960,000.00
4, 400, 000. 00
3, 805, 800. 00
2,005, 102.61

$1,277,000.00
7,857,925. 08
5, 327,732.43
53, 089, 756. 80
7,783,487.32
3. 184,891. 92
3, 060, 205. 21
3, 222, 581. 36
2, 095, 220. 34
2, 836, 622. 27

Total__ __ _. ____ ___ _

95, 066, 002. 61

1une __ ___ ____ ___ . ________
]uly __ _____ ____ __________
AugUSt ____ __ __ ___________
September_ __ __________ __
October ____ _____________ _
November ___ ___________ .
December. ___ _________ . __

3, 262, 000. 00
31,658, 133. 96
8, 958, 300. 00
1,343,000.00
5, 365, 082. 99
49,405, 143. 93
8. 319,811.03
5, i76, 400, 00
6,567,630. 84
00, 716,370. 00
13, 767, 638. 62
13,374,509.06

TotaL ___ · - __ . _____

238,514,020. 43

----------$38,
---------159.93
209,644.67
353,976.95
1, 550, 425. 82
I. 426, 871.85
1,470,665.63
2, 026, 861. 11
1,317, 632. 34
2,937,373.12

$1, 277, 000.00
9, 096, 765. 15
14,21 4,852. 91
60, 950, 632. 76
73, 183, 694. 26
74, 941,714.33
76,531,253. 91
77, 726, 974. 16
78, 504, 562. 16
78,403,8 11.31

89,735,422. 73

11,33 1,61 1.42

78, 403.811. 31

4,160,085. 40
32,031,442. 60
6, 608, 125. 25
1, 885,470. 92
877,724. 48
46, 272,567. 68
1, 432. 403. 59
7,166,816.45
1,262,939.98
4, 155,303. 46
5, 160,440.27
19,060,168.51

1, 703,741.98
1,688,703.60
767, 253. 20
3, 598, 583. 68
950,941.69
I , 025, 662. 24
1,883,655. 71
3, 821, 723, 36
2, 345, 636. 56
4,860,377, 19
1,607, 49 1. 28
I, 485, 883. 94

80, 860, 154. 73
11 1, 202. 893. 73
11 7, 043, 765. 78
115, 330, 653. 02
115, 257,435.81
160,504,34 1. 25
160, 053,089, 13
163, 398, 182, 22
162, 315, 485.64
161,604, 411.91
165, 097,360.00
182,671,645. 47

130,073.488. 59

25, 805, 654. 43

182,671 ,645, 47

4,216, 731. 72
3, 169, 528, 92
25,639,874. 92
JO, 719,596. 60
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
5. 750,047.42

5, 791, 110. 00
I, 016, 365. 20
759,553.54
29, 730, 725. 71
8,595, 143. 62
5, 599, 873. 49
4,631 , 301. 12
2,807,894. 17
2, 820, 449. 99
I, 925,475.40
1,229,005.15
8, 530, 509. 02

4, 767, 294.35
12, 731, 140, 35
7,075,288. 95
3,476,926. 16
5, 323, 203. 94
4,952,270. 77
12,062,544. 72
25, 769,479. 82
4, 136,814.95
3, 322, 476. 27
4, 425, 695. 13
4,465,620. OJ

183, 695, 461. 12
171,980,685. 97
165, 664, 950. 56
191,918, 750. 11
195, I 00, 689. 71>
I 95, 83'1, 292. 51
188, 407, 048. 91
165, 445. 463. 26
164, 129,098.30
162,732, (197. 43
159,536,307. 45
163, 601,196.46

84, 110, 95 1. 76

73, 438, 306. 41

92, 508, 755. 42

163,601, 196. 46

1anuary._. ____. ____ .. __ . _
February _____ . _______ ...
March. · ---- -- - --- - -----·
Anril.. ____ ____ __· -------·
~fay _. ___ _____ ____ _______
1nae.·- -·- -- - ---· -------1uly __·- ----- -- - - --·----Augnst. ______ ____ ______ . _
Se ptember ___________ . ___
0 ctober _____ ____________ .
November _____________ -·
December __________ ___ ·- _

2, 678, 400. 00
2, 808, 796. 97
I, 527,600.00
I, 008, 475. 22
528, 264.13
8,073, 750. 93
3, 840, 000. 00
3,956,593.65
1,436.84
4, 369, 498. 68
693,457.43
390, 494, 92

2, 753, 196. 14
4,944,592. OJ
1,660,232.81
1,119,327.56
9 21,575.39
1, 524, 471. 30
1, 000, 598. 93
I, 600,621.40
2. 236, 173.17
I, 093, 795. 59
1,839,879. 77
2, 370, 145. 14

6, 737, 100. 60
6, 072, 492. 05
5,216,460. 93
3, 776, 4 75. 42
3, 538, 393. 81
2, 448, 821.21
6. 787, 508. 4.4
5, 364. 812. &8
6,304,030. 18
1,806, 105, 40
2,391, 770, 75
5, 5i3, 345. 93

159,617,292.00
158, 489, 391. 96
154,939, 163. 84
152,282,015. 98
149,665,197.56
148,740,847.65
142,953,938. 14
139, 189, 746. 66
135, 121, &89. 65
134, 409. 579, 84
133, 857, 688. 86
130, 654, 488. 07

Total ___ _________ __

30, 776, 768. 77

23, 070, 609. 21

56, 017.317. 60

130, 654, 488. 07

March-- -··-·----·----·- ·

u:~1...··············-···

1933

1anuary _____ _____________
February ________________
March ____ . ______________

U:t::::::::::::::::::::

1934

1anuary ___________ _______
February ____ ____ _______ .
March_· --- _____ ____ _---·
riL ___ ___ _____________
ay ____ _______ _____ _____
une.
___ ________ ____ ____ .
1
1WY--- -------ugnsL
. ________· -------·
_______ _
A
Septem ber ___ ____ ________
0 ctober_ ___ ·- -- -- _______ .
November ___ _______ _____
December . ___ . _______ · - __

tr.

TotaL ___ -· ________
1935

See footnotes at end ot table.

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Google

56

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorizations, disbursements, repayments, and other reductions, and amount outstanding from Feb. 2, 1932, to Dec. 31, 1938, inclusive, by
classes and months-Continued

TABLE

MOBTOAOB LOAN COJlPANIBs-Contlnued

Year and month

Amount of
authorizations t

Amount of
disbursements

Amount of repayments and other
reductions

Amount outstanding at end
of period

1936

January....••.•..••...•..
February ...•........•.•.
March .•..•..............
ApriL .•......•.•........
May .....•...........•...
June ..............•......
July .......•.......•••....
August .......•..••.•.••..
September ......•...••...
October...•.•••...•......
November ...••..........
December..........•.••..

$206, 665. 08
1,941, 320. 64
1. 031.818. 79
4, 2.30, 344. 98
9,879.987. 48
1, 558. 000. 00
149,530.25
13, 181, 824. 99
373. 148. 94
7,170,031.82
6, 153. 009. 27
850,652.96

$1, 283, 674. 16
910,134.25
1, 649, 694. 49
2,419.874. 64
4, 815, 285. 36
1,064.598. 97
4,606,599.19
6, 811, 639. 68
1, 840, 819. 44
2, 634, 599. 29
2, 510, 380. 20
9, 27 3. 009. 60

$2,525,409. 39
2, 28/i, 284. 41
2, 503. 056. 74
1,901,814.49
3,442, 217. Ob
4, 784, 399. 26
2,780,544.50
2,145,681.04
2, 483, 443. 3!!
3,397,321. 3C
3, 523, 894. 83
6, 727, 368. 34

$129,412,762.84
128. 037, 602. 68
127, 184,240.43
127, 702. 300. 68
129,075,368.89
125. 356, 568. 60
127,181,623. 29
131, 84 7, 581. 93
131,204,957. 99
130, 442, 235. 98
1211. 428,, 21. 35
132,975,272.61

Total. •.••..•••••..

45, 726, 335. 20

39, 821, 209. 27

37,500,424. 73

132, 975, 272. 61

29.5, 000. 00
January ......•..•.•..•...
February ..••.........•..
1, 115, 735. 38
March ...•...••.•........
1,907,177.91
April.. .........•...•.....
3,442,373. 34
May .....•...........•...
5, 029, 879. 26
June ..........••......•..
13, 39S, 677. 12
July ......................
67,905.58
Augu.,t. ....•...........•.
1,675,000.00
September •••.........••.
15,000,000. 00
October.................. - ----------------- -November .•............. -------------------December •....•......•...
1, 484, 687. 87

3, 166, 608. 88
3,538,647.09
3,141.166. 30
2, 979. 601. 85
2. 555, 082. 89
2, 98b, 573. 40
4, 756, 738. 14
3. 826, 115. 36
5, 306, 521. 62
6,023,947.89
3,870.517. 80
4, r.77,521.19

4,064,666. 08
3, 833. 035. 91
6,691,720.96
7, 350,040. 05
3, 00·1, 348. 58
2,372,443.81
6, 590, 503. 30
4, 0.52, 643. 09
3,025,413. 90
4. 409, 215. 91
2,851, 143. 26
2, 445, 074. 46

132. 077, 215. 41
131, 782, 826. 59
128, 232. 271. 93
123. 861,833. 73
122, 449,068.04
123. 062. 697. 63
122. 228. 932. 47
122, 002. 404. 74
124,283,512.46
124, 898, 244. 44
125, 9i7, 618. 98
128, 050, 065. 71

43, 413, 336. 46

45, 728,042.41

60, 653, 249. 31

128, 050, 065. 71

15,439, 462. 99
353,671.67

3, 217, 3b9. 57
3. 994, 149. 45
2, 352, 708. 27
2, 701, 102. 93
4. 774. 268. 82
3, 323, 944. 28
4, 568, 016. 95
6,587,576.82
9,019,814. 73
13. 326, 200. 92
12, 665, 381. 70
17,091,506.90

2,667,190.81
6, 372, 807. 99
1, 734, 312. 15
2, 779, 46b. 21
33, 299, 110. 61
3. 304, 810. 35
2,681,616.46
10, 533, 243. 06
I 2, 102, 801. '/4
I, 789, 163. 24
990,641.59
' 2, 205, 951. 08

128, 600, 234. 47
126, 221. 575. 93
126, R39, 972. 0,5
126, i61, r-09_ 77
98. 236. 767. 98
98, 255, 901. 91
100. 232. 302. 40
96, 286. 636. 16
103. 203. 649. 15
114, 740, 686. 83
126,415,426.94
141, 300, 982. 76

1937

Total. ••••..•....•.
1938

January..........••......
February ••••.••.........
March •••...••....•...•..

~;~·::::::::::::::::::::

-------------------211,000.00
1, 296, 060. 00
6. 407,487. 79
35, 000, 000. 00
1, 145,000. 00
10, 399, 000. 00
152,600.00
25, 000, 000. 00
10, 400, 000. 00

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

I

Total. •••••..•••••.

105,804,082.45

83. 612,031.34

• 70. 361. 114. 29

141, 300. 982. 76

Grand total. .•..••.

643,412,397.68

485, 4i9, 109. 96

• 344,178,127.20

141,300,982. i6

CREDIT UNIONS
[Under sec. 5 of the Reconstruction Finance C<irporatlon Act, as amended)
1932

May.....................
June.....................
July......................
Augnst...................
September...............
October..................
November...............
December................

$350, 000. 00
55,000.00

t338, 437. 00 ......•..•......... _
29,290.00
$3,393.00
275. 00
1,235.00
650. 00
1,150.00
67,446.00
66,746.00
1,240.00
.••.•..............• .....••........... ..
895. 00

.•..••.•...•........
5,625.00
..•••.••............ ........•.••.. .... ..
.•..•............... ......•..•.•....•...
·······•·-···-····-·....................

Total. •••......•.•.

472,446.00

440,008.00

8,838.00

See footnote.s at end of table.

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$338, 437. 00
364. 334. 00
369,684.00
368. 449. 00
36i, 7g9_ 00
366,649.00
432. 155. 00
431,260.00
431. 260. 00

REPORT OF RECONSTRUCTION FINANCE CORPORATION

57

6.-Amount of authorizations, disbursements, repayments, and other reductions, and amount outstanding from Feb. f, 193:13, to Dec. 31, 1938, inclusive, by
classes and monlhs---Continucd

TABLE

CREDIT

Year and month

Amount or
authorizations

1

UNIONS-Continued
Amount or
disbursements

Amount or repay.
meuts and other
reductions

Amount out•
standing at end
of period

1933

January_.................
$9, 5.55. 00
• $9, 5.55.00
Febmary .•••••.••••• ···- --········ .. ______ -· .•..•.•..•. __ ···--·-

December ••••••••••.• _...

4,000.00

4,000.00

$305. 00
1,875.00
2,140.00
I, 095. 00
1. 150. 00
645. 00
1,214.80
841.83
941. 40
18. 591. 53
11,179.99
17. 668. 65

Total ••••••••••.•••.

148. 555. 00

138, 789. 41

57. 551. 20

612.498 21

12,707.44
1,182.22
5,591.39
4. 703. 20
6, 73fi.17
54. 915. 15
38,410.00
95S. 03
1,0,\S. 19
855. 00
1.2:H.50
650. 00

499,790. 77
498. 608. 55
493. 014. 16
488. 310. 96
4S3. 541. 59
42>l. fi26. 44
390, 2m. 44
3'<9. 258. 41
388. 200. 22
387. 345. 22
3gr,_ 107. 72
385. 4b7. 72

129. 007. 29

385. 4.57. 72

18,474. 32
6,334.52
24, 0.1:;_ 34
2,0W 96
13. 420. 00
4,320.00
4,500.00
fl15. 00
,165. 00
8.10. 00
6.\,\. 00
750. 00

31\11, 983. 40
3'i0. M8. 88
33'i. 593. 54
331..103.58
310. 325. 16
31,, 005. 16
;J;IJ. 5'15. 16
:i:rn. ,oo. 16
330. 32.\. 16
329. 475. 16
32,. ~20.16
328,070.16

76. 629. 14

328. 070. 16

October ___ ··········-··· - ··················-· •··················November _______________ -------------------- -------------------December.•••......••.•.. -········-·-·····-·· --·--·····-··-····--

13,570.00
52,\. 00
2,MO. 00
1,750.00
225. 00
8,810.00
lbO. 00
1, 2.1r,. 77
3. 73.\. 00
1, r,so. oo
3, 32.\. 00
880.00

314. 500. 16
313. 975. 16
311. 435.16
309,685.16
309. 460. 16
300. 6fi0. 16
300.500. 16
299. 243. 39
29.\. 503. 39
293,858. 39
290. 533. 39
289,653. 39

Total. ............. ··-···-·- -···- ··-- ·- -···-·-···. --- -. ··- -

38,416.77

289,653 39

5, 62.1. 00
30,800.00
27,276.81
7,575.00
32,430.00
5,115.00

284,028.39
253,228.39
225,951.58
218,376.58
185,946.58
180,831.58

~lllrch_ .•.•..•.•••• _. •••.
10,000.00 -················--4priL. •• _••••••.••••••• __ -··· ·····- __ . _______ ···- ·-·-·····- ·····\fay __ ..•••••••.•••••••• 65,000 00 --········---··--·--

June_._ .. _......•..... _..

60,000.00

115,495.70

JulY-----·············-··.
-···········--·····- --···. ···········-·Aul!ll<;t _______________________________________ --------------------

September...............
10. 000. 00
9, 73~. 71
October ___ -······ ____ ···- __ ······-- __ ..... ___ .•... ___ -····- ___ -· _
Xocemher. ········-·--·- --···-··----·-- _____ -···---·-·----- ____ _

$440. 510. 00
438. 635. 00
436. 495. 00
431,400.00
434. 2'-0. 00
519. 200. 70
547. 985. 90
547. 144. 07
5S5. 941. 38
537. 316. 85
526. 166. 86
512,498.21

1934

!snuary ___ ······•··••···- _--···· -··-· .. -··- ____ ··-··· ·······-·- __
February .......••• _•... __ -··-· .... ·- -· _______ ·-- __ -·- -·- --····· _

\!arch._ ...... ·- ..•.. __ ·- -··-··- __________ -·- -·- _-· ___ • -··· __ . -·.\ priL. ....•....... _..... _ -·-··· .... __________ -· --·- __ ·-- __ .. ____ _
\lay_-· ••.•••••• _·······1,966.80
1,966.80
June_-·--_ •••••... _·-· .. _ -·· ..... ····-·-- _-·- _. ·-. _···--· __ ·-- -· _
July _____ .···············- -·····-··- ·-·· -.... - - ·-· -·- -··· - - ---- -·~ug111<t_ ___ -· -·· ...... ··- _ -·······- -·· ··-- _______ ---·- ___ ---·- ___ _
Septeml::>er. __________________________________ -------------------October __ -····- •...•.•• __ -·····-····-·•·- -·- _ -· ·-·- ..... _·- ... -· _
~ove-mher _______________ -------------------- ------ ---------- ----

Dece~:::;.-.-.-:::::::::::

------·---·;~~~~~~-i----·_·_--_-_--_-_·_~:-~-~--,~-~-~--, ________ ,__

1935

January_-······ .. -·-·-··- -···· ·····-- ·-·· __ . ___ ··---- __ ·-·-- _·--February._ ••...• -·--·- __ -· -··-- ·-·-····-· - -- ..•• -·- -· ··-- -- -- - --

\larch.-······- .•.. -·· ___ -········-- _________ -···· _·-- -·---· -··· _
ApriL .............. _.• __
20,000.00 __ •• _______________ _
:\fay ..•.•.•.• _.···--·_ ••. _-···- ·--- _.•.•. -·-19,241.58

June_.·-···· .•.•..•.••. __ ····-·-····- ·······- --· ..• _--· ---·-· -··July _______ .. -.. - - -- ··-- · - --··-·--····---·--·· ---···---··-·------i\.ug'ut:t _________ - • - ----- - - ---- ---- ---- ------ -- -- --- - - -- --- -- - ---- -

September •.•...•.• ····-_ ••••.• ···-·········· - - -----· ······-· -· --

October ____ ·····-·-····- ___ ...•... -· -·· ····-- - -·· .• -·-· -· - -- - -··Xo\en1her ______ ----- --- - - --------- -- ------ -- -- - -------- ---- -- -- -

Decemher.•.•..... -·--·-· ---·-·-··-·····----- _--·--·-----··----·Total. •••... -····--

20,000.00

19,241.58

1936

January.. _•..•........... -················-·- -····--··-···-·····February •.•.•.••........ _ -- •..• ·······- •.. --· -- ·····-·· ·-·-·- ••.•
'-"'rcb •••...•...• -··- .. __ --·-·······- ••...... --·-·-·-···-··· -·-··
April..
•...•.•. ••···--···· --·····--··-······-- -····-··-··-·-•--···
i\fay
____________________________________________
••• _____________ _

June_ .•..........••...•.. ·····-··-··-·-··-·-- -··--········-··-···
JulY---····· •••.••... ·--. - ...... ····-· ····-· - - ···- -·-····· -- -··· ..
August. •• _••••••••••••••• ··········-·····-··· -·-············ ····-

September ..•.•.. -···-·-- -·······- ········-- - -· -····· -··· -··· --·-

1937

January .•••••.••.••.•••••.•...••. ··········-- -···-· ·······-·· ••..
February .••••••••••.••• _··············-···-·•············-·····March_ •.•••.•••••.•••.•..•....•.•. -··· -··· •. ··-·-···············
4pril.. ..••.••.••••..••.•. ····-··············· ..•••••...••••.•.•••

'-fay •••••••••..••.•••.••. ••••·•·•·•·•···••··· ···•·••••··•·•·•••••

June ••.••••.••••••••••••• -··················· ••••••••••••••••••••
See footnotes at end or table.

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Google

58

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorizations, disbursements, repayments, and other reductions, and amount outstanding from Feb. 2, 1932, to Dec. 31, 1938, inclusive, by
classes and months---Continued

TABLE

CBll:DIT UNIONS-Continued

Year and month

Amount or
authorizations t

Amount or repayments and other
reductions

Amount of
disbursements

1937

I

Amount outstanding at end
of period

July ______________________ ----------------------•--------------August _____________________ .. __ .. __ . _. _____ ... _.. -- __ .•... _•. __ .•
September_ ..... _.• __ .•.. ·········-···············-·········-··-·
October._ .•.........• _.• _·-···-···--··········•··········-----··November. ·- -· --··-· -··· ·····-···-----······ .. -·--············-·
December •..•.••. ·-···-·· ········-·····--···· .....•....•...•....•

$15,725.00
10,525.00
2,975.00
725.00
425.00
975.00

$165,106.58
154,581.58
151,606.58
150,881.58
150,456.58
149,481.58

TotaL _·······-···- .•......................................

140,171.81

149,481.58

4,844.00
500. 00
2,375.00
11,700.00
375.00
9,860.00
6,450.00
750.00
150. 00
8,228.00
2,925.00
• 950. 00

144,637.58
144,137.58
141,762.58
130,062.58
129,687.58
119,827.58
113,377.58
112,627.58
112,477.58
104,249.58
101,324.58
100,374.58

=•i========J,=======•I======

1938

January···-·········-·-·· ············-······· ··················-·
February-------------··- ·····-·············· ···············-·-··
March.- .....••...•.••... ·•·-·-··········-··· ·-·····-············
ApriL..·-···-············ -····-···· ····--···· ·-·····-············
May ........ ---···············-·············-....................
June.............................................................
July················-····· .•.....•.....•...•.....•...•...•.. ·····August.. ......•.......... ······•········-·······•·•-----·-·······
September····-··---··--· .... -··· ..•..•...... -····-···-·-•··•····
October .......•....•.. _.. ··············-·-··· ........•...•.......
November.···-·······--· .....•....•......•.. ···········-········
December.•.......• -..... ...•.. .............. ....................

1-------+-------

TotaL_ .....•.•. _.. .................... ...•................
• 49,107.00
100,374.58
1
Grand total.. ••.•.• =$642,967:-;' ===$=600=,=09=5"'_=79=-1i•-=='4"'99=,7=2=1.=2=1=l====100,==37=4."'ss"
FEDERAL LAND BANKS

[Under sec. 5 or the Reconstruction Finance Corporation Act, as amended]
1932

July ...•.......• --.-···-··
$26,000,000.00
August. .. ···-············
3,000,000.00
September.--··-···-· ............ --····-···-·
October ······•···•·-···· ................... .
November.····-···-····· --·•··············-·
December-···--···---····----·-·-···-·-·-···TotaL _. ·-· -· •.. --·

$9,000,000.00 ·• ··---·····-·-·---2, 450,000.00
2,850,000.00
1, 500,000.00
2, 700,000.00

29, 000, 000. 00

18, 500, 000. 00

TotaL •...•...•. _..

9, 000, 000. 00
11, 450, 000. 00
14, 300, 000. 00
15, 800, 000. 00
18, 500, 000. 00
18, 500, 000. 00

=l=======•I=======-

1933

January ....... _...•.•. _._
March .•...• -.. •.·•·····April.. •..................
May ..•.....•..•.... -..•.
June .............. -......
JulY---···················
August..-................
September·-··········•··
October ......• _..........
November...............
December................

·····----····---·-··
.. ··••••·•·· ·------·••·••···· ·-··-·-·---· ···-·--·····-··-·

$9, 000, 000. 00

.. ..................

300,000.00
1,500,000.00 ..................••
···············-···•
1,000,000.00
···-················
500,000.00
··--·-·-············
I, 500,000.00
.................. ..
2,000,000.00
2,000,000.00
2,000,000.00
3,000,000.00
3,000,000.00
30,000,000.00
7,500,000.00
77,818,000.00
36,500,000.00
31,200,000.00
69,318,000.00
145, 818, 000. 00

············-····-··
···-·-·········-····
········-··········.........••......•..
·--······•··-·--·-··
..•..•.•.••......••.
·······-········-···
············-·······
····-········--·-···
·•·············-····
..................•.

123,618,000.00

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
142, 118, 000. 00

1934

January._................
June.···········--·-·--·-

31,500,000.00

51,600,000.00 ......••.•......•••.

• 193,618,000.00 ---·-----········•·· ...............•..•.
1$26~~~~u~
September.-·•···--······--------············"·····•·············
401,955.42
October..........................................................
700,848.55
November.......................................................
4,466,733.36
December--·•············ .................... ....................
32,232,720.75

iu~rust··············----- ··-··---•-··-··---·· ... •193,618,000.00_
TotaL _.••.........

I 225,

118, 000, 00

I

245, 118, 000. 00

I

308, 780, 601. 29

See footnotes at end of table.

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Google

193, 1118, 000. 00
193,618,000.00
124, 863, 70,. 06

116,356,656. 79
115, 954, 701. 37
115, 154, 852. 8'l
llO,f>AA, 119.~

78,455,391!. 71
78, 455, 308. 71

REPORT OF RECONSTRUCTION FINANCE CORPORATION

59

6.-Amount of authorization,, disbursements, repayments, and other reductions, and amount outstanding from Feb. 2, 1982, to Dec. 31, 1938, inclusive, by
classea and month1t--Continued

TABLE

LAND BANKS-Continued

FKDKRAL

Year and month

Amount of
authorizations •

Amount of
disbursements

Amount or repay.
ments and other
reductions

1936

1anuary••••••••••••••••••••••••••••••••••••••••••••••••••••••••••
February.•..••..••.••..•..•.•••••..•.•..••.....•.•.•.•..••......

March .....••••.•...•..•...•...•.••.••.•...•...•.••.••....•••.•..
April.. •..•..•.•••••••..••..•...•.•.•••.•.......•...•...••.....•..
May •..••....•.••••••..•..••••.•••...•.....•.....................
lone•.•......••..••••.•.....•....•..•••............•.••..•...•.•.
/uly•..•...••.•••.••••.•.......•••••..••••.•...••.................
Auiru•t .••.•••••••••••••••••••••••••••••••••••••••.•••••••••••••••

September ...•.•....••........•.•.•..••.•.....•.•.....•.........•
October ...•.•••....•.........•••..•...........••....•.•.....•..••
November ..••...•.......••............•...•..••.... . .•..........
December ••.•.•.•.•.•......•......••...............•.............

Total. •.••..••...•..................... ········•······· ····

Amount out•
standing at end
of period

$1,491,325. 35
2, 400, 737. 91
2, 210, 356. 78
1, 788, 778. 22
4,075,855.88
6, 525, 135. 46
1, 596, :J02. 70
393, 5f,4. 94
1, f,07, 747. 80
4, 230, 0.12. 95
I, 9.17. 900. 22
5, 276, 633. 59

$76, 964, 073. 311
74,473,335. 45
72, 262, 978. 67
70, 474, 200. 45
66, 398, 344. 57
59, 873, 209. 11
58, 276, 006. 41
57,883,341.47
56,275,593.67
52, 045, 540. 72
50, 107, 550. 50
44,830,916.91

33, 624, 481. 80

44,830,916.91

9, 150, 893. 58
545,763.60
483, 258. 26
372,380.05
421,000.47
408,872.09
557,786.83
759,356.07
1,376,050. 91
2,905, 139. 34
314,202.05
2,867,814.96

35, "80, 023. 33
35, 134, 259. 73
34, Ml, 001. 47
34, 278, "21. 42
33,857,620.95
33,448,748.86
32, 890, 962. 03
32, 13 I, 605. 96
30, 755, 555. 05
27, 8.,0, 415. 71
27,536,213. 6ft
24, 668, 398. 70

20, 162, 518. 21

24, 668, 398. 70

2, 030, 964. 39
557,934.80
7,612,066.02
158,772.62
456,505. 77
144,280.47
132,352.83
310, or.2. 11
113, 148. 74
1.18, 416. 19
712,874. 53
713,055.00

22, 637, 434. 31
22, 079, 409. 51
14,467,433.49
H, 308, 660. 87
1:1. ,.12, 1.15. 10
13. 7117, 874. 63
13, .175, 521. 80
13, ~65, 459. 63
13, 1.12, 310. 89
12,993,894. 70
12,281,020.17
11,567,965.17

13, 100, 433. 53

11,567,965.17

130,375.84
3, 6.12, 121. 37

II, 437,589. 33
7,785,467.96
7,500,919. 21
6, 610, 214. 73
6, 5f.8. 077. 98
5,009, 109. 57
4, 090, 398. 23

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

1936

/anuary ..•••..•..•••••.•...•.•.•••.•.•.•....•..•..•..•...•..•....
February .•...•.••.••..•.....••..•.•...........•.......•.•....••.
March •••...••••••.••..•..•.............•.... •···················
April.. •....•••••.••.......•...........•.•.•...........•..•.......
May•...•...•••..••.......•.•.•...•...•.•.....•...•.............•
June .•.•••••..••••••..•...•••••.•.•.•.••.•.•..•.•.••...•.•.....•.
/uly .....•.•.••..••..•.••..•.•...•.....••......••.•.•••.....•..••.
August.. •.•.••......•.•...••.•..•••.•.••.......•.....•...........
September ••.••...•.•.•..••••••..••..••.•.... •···················

~Eri~:~:::::::::::::: :::::::::::::::::::: :::::::::::::::::::: 1---------1------Total ••...•..••••..........................................
1937

1 1

;::::::::111::1 ll!llllli!:ttl! !! 1lii: li!l!ll!llil!
Total. •...••••..•..................................

=

27,-;, M8. 75
899, i04. 48
42, 136. 75
l, 558, 9f,8. 41
18, ii I. 34
4, 090, 398. 23

Total .••.
Grand

total •••••••.

1···. $309,636,000.00. ·•

I

$387,236,000.00.

3

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

11,567.965. 17

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

387, 23f>, 000. 00

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

See footnotes at end of table.

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60

REPORT OF RF.f'JONSTRUCTION FINANCE CORPORATION

6.-Amount of authorizations, disbursements, repayments, and other reduetions, and amount outstanding from Feb. S, 1932, to Dec. SJ, 1938, inclusitle, by
classes and months-Continued

TABLE

10INT-8TOCK LANI> BA.NXS

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

Year and month

Amount of
authorizations

t

Amount of repayments and other
reductions

Amount of
disbursements

Amount outstanding at end
of period

1932

March ____ . ____ ._ .. ___ ._.
$775,000.00 ·-·---·-··-··-··-·-- ··--------··--·----- -------·---·---·-April .... -.---·--------··· ·-··-·-·-···-····· ··
$724,877.11
$724,877.11
May... . .... . ... . . . . . ....
190,000. 00
5, 000. 00
$21,031.06
703, 846.05
June....... . .............
305, 000. 00
134, 339.47
2,989.00
840, 196. 02
July............. . ... . ....
150, 000. 00
286, 592. 54
618. 90
1,126,200.66
August...... . ... . .. . .....
55, 000. oo
128, 382. 45
5, 843. 00
1,248, 809.11
September.. . ...... ......
576, 000. 00
16,617.55
1,578. 42
1,263,848. 24
October . .................
595, 000.00
168, IC2. 43
11,416. 90
1,420,533. 77
November...............
2, 126, 000. 00
447, 215.54
11, 385.04
l, 856,364, 27
Decemher......... . ......
1, 525,000.00
616,718.53
7,781.50
2,465,301.30
Total. ............ .

6, 297, 000. 00

1933

January.... . .............
F ebruary................
March...................

tr:~.....................

676, 000. 00
1,083,822.68
3,236,000.00
2
•
3, 130,000.00
124,500.00

~ig: g~:gg

June. ...... . ... . .........
July......................
August ................... ·····-······ ·· ·· ·· ··
September....... . .......
2,910, 000. 00
October. .. ...... . ........
475,000.00
November__ ------------- ------------------- ·

December.......................... . ..... ... .
Total. . . .......... .

14, 806, 172. 68

2,527,845.62

62,544.32

2, 465. 301. 30

153,352. 93
2,216,010.83
425,764.41
1, ~39, 453. 87
824,170.65
259, 000.00
852,097. 99
1, 300, 383. 90
703,170. 07
1, 705, 290. 08
1,617, 964.83
824, 614.58

6,942.54
3,091.95
7,149.82
32,041.07
39,710.48
44,078. 94
46,454. 79
62,005. 08
79, 536. 00
46, 200.63
142; 172. C,7
235, 092. 30

2, 611,711.69
4, 824, 630. 57
5, 243, 245. 16
6, 750, 65i. 96
7,535, 118. 13
7,749, 039.19
8, 554, 682. 39
9, 793, 001. 21
10,416, f,34. 38
12, 075, 723.83
13,551,515. 99
14,141, 038. 27

12,420, 274. 14

744, 537. 17

14, 141,008.27

1=======1=======11====~=

1934

January. ........ . ........ ................... .
229,765. 28
Febrn ary .. ...... ........ ............ ... . ....
18,663.02
March ..................................... . ...... . ............. .
April.. ....... . ............................ ........ . ............. .
May . . ... . . .................................... . .•. •.......•.....
June . . .. .. ...................................................... .
July . . . .. . .. . ............................ . . . . . .................. .
August.. . . ............................... . ......•................
Septem ber. . ............. ................. . ..
197,219.28
October ...... . ............................. . ........... . ........ .
November. .. ........................... . ....
117, 817.54
December............ . ... ....................
147, 787.41
Total.............. .. .. . . .. . . . . . . . . . . . .
1935

711, 252. 53

u:t:::::::::::::::::::: :::::::::::::::::::: ::::::::::::::::::::

June . ..••...... . ................................•.•..............
July ...........•.•............................ . ........•.........
August . . . . . . •.................................•.•.. . ...•.........
September . .................................. . .......••.....•....
October . . ...•......................................•..•..........
November...............
20,779.63 ••••••.. . . . ......•.•
December................
129, 220. 37
150, 000. 00
202,400.00

10, 596, 420. 97
10, 168, 396.62
9, 139, 902. 18
8, 469, 581. 12
7, f>3!\, 253. M
7, 50~. 07.5. 41
7, 2,,0, 503. 50
6, 953,077.96
6, 486, 505. 24

8, 365, 785. 56

6, 486, 505. 24

l, 107, 856. 17
414,350. 00
935, 035. 54
328,214.67
554,566.54
107,818.81
232,657. fl2
423,310. 09
8,828. '1:1
67,761, 54
98,826.64
118,460.29

5, 378,649.07
4, 964,299.07
4, 029, 263. 53
3,701,048. 96
3, 146, 482. 42
3, 038, 663. 61
2, sor., oos. 99
2, 382, 695. 90
2,373,867.63
2, 306, 106. 00
2, 207, 279. 45
2, 238, 819. 16

4, 397, 686. 08

2, 238, 819. 16

138,787. 80
108,503.12
88,101.03
288,626. 15
32, 60\l. 96
159,349.54
233,877. 79
67,720.55

2, 100, 031. 36
1,991,528.24
1, 903, 427. 21
1,614,801. 06
1,582, 198. 10
1, 422, 848. 56
1, 488, 970. 77
1, 421, 250. 22

l===='===l========l,

January............ . .....
52, 400. 00 •. ••••••••• • ••••..•.
February .• . ............ . .....•........ ..•. .. ..• . •. • ..•.•........
March . . •............ . ......... ........ . .....•..... . ..•.•.....•..

Total ••............

752,526. 68
4i8, 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

150,000.00

13, 618, 276. ffl
13, 158,452.27
11, 119, 858. 58

1936

January ................................ .......•. ..•.......•..•...
February •••••.. . ...••................•.......•••...•••..... ··--·
March ..•..••.......••... . ...•..... ····-····· .•••....•••.....••••

~ft:::::::::::::::::::: :: :::: :::: :: :: :::::: :: :: :::::::: :::: ::: :

June . ...•........•...................... . ......•...•......... . ...
1uly.................. ...
300, 000. 00
300,000. 00
August ...........................••. ... ............ . .........•...
See footnotes at end ot table.

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REPORT OF RECONSTRUCTION FINANCE CORPORATION
TABLE

61

6.-Amount of authorizations, disbursements, repayments, and other reduc-

tion11, and amount outstanding from Feb. 2, 1932, to Dec. 31, 1938, inclusive, by

classes and months--Continued
JOINT·STOCK LAND BANKS-Continued
Amount of
authorizations

Year and month

t

Amount of
disbursements

Amount of repay•
ments and other
reductions

Amount out•
standing at end
of period

1936

September •.•.•.•.•.•.•...•.•....................•..•••.......•..
October..................
$1, 100,000.00 ••••••••••••••••••••
November...............
600. 000. 00 ••••••••.•••..••••••
December................
60, 000. 00
~588, 500. 00
Total .•.•..••.•.•..

2,060,000 00

AAS, 500. 00

$29,666.45
85,231.65
137,004.40
35,673.53

$1,301, f,83. 77
I, 306,352.12
1. 1,;o, 347. 72
l, i22, 174. 19

I, 405,144.97

1, 722, 174. 19

61, .'\08. 81
25,718.33
18,085. li2
3.5, 0.12. 33
70,779.32
14,\, 774. 78
73, 6.53. 93
64, 4S6. 64
111,566. 29
168,196.61
44,800.51

1, 660, 665. 38
I, li34, 947. 05
l, 9.19, 949. 28
2, 789, 794. 28
2,719,014.96
2,573,240. 18
2, 499. 586. 25
2, 43.\ IY.19. 61
2,337, 297. 23
2, 229, 100. 62
2, 062, ROR. 08
2,018,007.57

985,915. 71

2,018,007.57

1937

January ..••.••••..•..••..........•...............•...........•.•.
Febru·iry .•.•.•.•••••••....•.•.................•.....•...........
March...................
376,000.00
341,087.85
April..................... ....................
864, ~97. 33
May ..•.•...•...••••••.....••...............•..•..•..............
June .•..•...•••••..•••.•...•..............•.....••.......•...••..
July .....•.....•.....••.........................•.................
August. ....•..•.•.•....•..•..................••..................
September............... ... ..... .. ...•. .. .. .
13,763.01
October.................. ... . ..... ... . .. .. .. .
60,000. 00
November ......•.•.•.•...•.••......................•.•..........
December................
480,000. 00 .•••.•••••••••..•.••
Total. •.••.•.••••.•

856,000.00

1,281,749.09

lufi, 292. fi4

1--------

1938
=1•=======11=======
40,805. JO
January..................
1, 8()0, 000. 00
60,000.00
74,024.91
February................
6.\0, 000. IIO
1,758,993.46
55, 79,5. 34
March...................
1, 22,\ 000. 00
232,236.46
61, 3.58. 23
April.. ....•.•.••••...•.......•....................•............•.
79,341.53
!\lay.....................
575,000.00
63fi, 000. 00
54,010.64
June..................... ....••..•..... .. . . ..
753,037. 75

I

63. 343. 06
31,410.45
54, ti92. 27
72, 47H. 87
178, 44,>. 4.5
106,459. 75

I

872, 166. 60

5, fi68, 724. 46

16, 833, 780. 41

5, 568, 724. 46

i~~st~
.................. ··········210,412.119
.......... ·········• 106,356.
26tr, 000. oo·
September...............
11

I

October..................
103,374.36 ••••••••••.•.•....••
November............... .•..•...............
14, 5HO. 00
December................
250, 000. 00
602, 679. 71
Total..............
Grand total........

4,813,786.45

4,422,883.49

29, 035, 359. 13

22, 402, 504. ~7

I======
I

2,037,202.47
3,722,171.02
3,898,612.14
3, 837, 253. 91
4,392,912. 38
5, ()'JI, 939. 49
5, 028, 596. 43
5, 2f,7, 185. 98
5, 308, 849. 82
5, 236,

3(i\), 95
5, Oi'.2, 504. 50
5, 568, 724. 46

FEDERAL INTERMEDIATE CREDIT BANK
(Under sec. 5 of the Reconstruction finance Corporation Act, as amended]
1933

March...................
TotaJ........ ••. •• .
Grand total........

$9, 250, 000. 00

$9, 250, 000. 00

$9, 250, 000. 00 ••••••••••••••••••

9, 250, 000. 00

9, 250, 000. 00

9, 2/\0, 000. 00 .•••••••••••.•••••

1--------l·-------·I--------I------t=======l=======l======I======
9, 250, 000. 00

9, 250, 000. 00

9, 250, 000. 00

AGRICULTUIUL CREDIT CORPORATIONS
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
1932

March...................
$21,200.00
April. ••.....•.•.•.•.•.•....•.••..............
May.....................
84, 802. 05
June.....................
216,438. 07
July.....................
444,783.85
August...................
594, 021. 62
September...............
702, 12\J. 04
October..................
1, 194, 78.5. 15
November...............
135,809.15
December................
225, 882. 05

$1,000.00
20,200.00
18,650.00
246,515.87
400,621.07
534,151.82
539,074.94
1, 206, 884. 22
276,909.98
212,619.43

$600. 00
2,186.00
2,647.41
7,613.68
74,450.98
356,814.61
352,082.06
285,914. 76

$1,000.00
21,200.00
39,250.00
283,578.97
681,552.63
1, 208, 090. 77
I, 672, 714. 73
2, 522, 784. 34
2,447,612. 26
2,374,316. 93

3, 619, 850. 98
3, 456, 627. 33
I, 082, 310. 40
2,374,316.93
l=======l=======l=======I======
See footnotes at end of table.

Total. •••••••••••.•

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62

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorizations, disbursements, repaymer.ts, and other reductions, and amount outstanding from Feb. 2, 1932, to Dec. 31, 1938, i11clusive, by
classes and months-Continued

TABLE

AGRICULTURAL CREDIT C0RP0RATJ0Ns-Contlnued
Amount of
authorizations

Year and month

1

Amount of repay•
ments and other
reductions

Amount of
disbursements

Amount out.

standing at end
of period

1933

January..................
February. . .. . . . . . .. . . . . .
March...................
April..... . . . . . . ... . . .. ..
May.....................
June.....................
July......................
August...................
September...............
October..................
November...............
December................

$155,952.10
2,647. 85
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
226, 251. 38
201,001.35
142,751.44
254. 111. 58
155,384.25
113,609.94
288,006.60
177,306.41
303,275.79

$2,322,438.92
2, 157, 938. 55
2,227,309.88
2, 132, 338. 62
2,1~863.53
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

January..................
83,894.35
25,491. 70
February .•.............•..............•......•.......•..........
March ..........................•.....................•..........

242, 7111. 43
260,313.12
79,566.22
281,718.85
102,087.82
118. 23
552.85
10,622.80
186,326.54
3,000.00
11,356.72

1,474,030.98
1,213,717.86
1, 134. 151. 64
902,437.79
800,349.97
800,231.74
799,678.89
789,056.0II
602,729.65
599, 7211.55
863,372.83

1,178,419.58

863,372.83

Total. •............

$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

1---------1-------·l--------1------1,959,634.31
I, 729,011.24
2,412,027.46
1,691,300. 71

1934

if:~····················· ..........50,000.00. ·•••·••··• 50,000.00.

July.....................
300,000.00 .....•............••
August ......••.........................................••••..•••.
September ..•..................•.....................•...........
October .............................................•..........•.
November ..•.................•. · ...............•................
December................ ... .. . .. . . . ... .. .. ..
275, 000. 00
Total. •.........•..

433,894.35

350,491.70

1935

B:~~================
::::::::::~;;~~i;: ...........14,000.00
~.~~~.
June ...................................... ,.. ..•............•....
1,500.00
8, 475. 00
88, 126. 25
9,719.26
5, 7~. 57

863,239.33
860,739.33
887,500.00
873,500.00
872,000.00
863,525.00
775,398.75
765,879.411
759,936.92

130, 196. 58

759,936.ff

~ ~: :=:

701,300.02
681,300.02
581,300.02
579,300.02
479,300.02
379,289.05
147,789.05
147, 789.05

50,000.00 ···•················

612,147.87

1-i7, 789.05

January.................. ....... ............. .. ..........••.•....

27. 30

147,761.75
144,261.75
44,272.72
117, 19'. 04
125,000.00
124,280.00
124,237.70
112,631.48
98,626.78
96,840.MI

::::::::::~~!~~~!:

July.............................................................
September............... . . . ..... .. . . . . .. .. . . .. . . . .. . . .. . .. .. .. . .
October.................. . . . . . . . . . . . . . • . . • . . . . . . . . . . . . . . . . . . . . . • .
November............... .. ........ .......... .............. ...•..
December................ . . . . . . . . .. . . ... . . . . . .. .. . . . . . . . . . . ..•...
Total ••.....•......

26,760.67

26,760.67

1936

if:;1-:::::::::::::::::::: ::::::::::::::::::::
::::::::::::::::::::
.................... ....................

July.....................
August ...................
September...............
October..................
November. . . . . . . . . . . . . . .
December................

_.... ... ........•...
. . . . . . .. . . . . . . . .. .. .
.................•..
. .•........... _. . . . .
50,000.00

Total .•............

100,000.00
...•...........•.•.•
2,000.00
. . . . ..••.•. ... .. .. ..
100,000.00
..............••..•.
100,010.97
. . . . . • . . . • . . . . • •. . . .
231, 500. 00
.......•.....••..•...•.......•..........

1937

t:r~i:':r:. ................ ·••··· ···· 30,727.28. .•..••.•.•......
....
J; :J::
April..................... ....................
72, 1121. 32 .•••.•..••.••••.•...

May.....................
1uly .. ··········•··•·····
August...................
September...............
October..................
December.... . . . . . . . . . . . .

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

Total. •...•..•...••

30,727.28

7, 805. 96 •...••....••.•......
·········•··········
720. 00
..... ............•..
~- 30
...... .... ..........
11,606.22
. . . . .. . . . . .. . ... . .. .
14, 004. 70
. . . . . . . . .. . . .•. . . . . .
1, 786. 19
80,727.28

131, 67~. 74

Bee footnotes at end of table,

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96,840. Ml

REPORT OF RECONSTRPCTION FINANCE CORPORATION

63

6.-Amount of authorizations, disbursements, repayments, and other reductions, and amount outstanding from Feb. 2, 1982, to Dec. 31, 1938, inclusive, by
classes and months-Continued

TABLE

AGRICULTURAL CREDIT

Amount of
authorizations

Year and month

1

CORPORATIONS-Continued

Amount of
disbursements

1938

Jonusry ••......••..•..••..........•.......... _....•.... •.........
March •...•.••••.•..••..........•...•........ -····•····-··•·-····
May .••......•..•.•..........•.••.••..•.. _•........ _.... _.. •..•..
July..................... .........•.......•.. .............•......
September............... .. .. . •.• .. . . ........ . . •. .. ... .. . . . . . . . ..
Total •••••••••.••..................... -

011111d total.. ..•••.

$6, 120, 867. 59

Amount or repay.
meuts and other
reductions

Amount outstanding at end
or period

$6. 385. 38
5,142.60
325. 50
56. 30
75. 01

f90, 455. 21
85.312.61
84,987. II
84,930.81
84,855.80

• II, 984. 79

84,855. EO

• 5, 558, 762. 42

84, 855. 80

1--------1·-------·1------$5,643, 618. 22

REGIONAL AGRICULTURAL CRElllT CORPORATIONS (RElllSCOUNTS)
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]

1932

December ••••.•••.•.••••.

$7, 285, 972. 50

$.,. 372, 062. 60

$655. 03

$5,371,407.57

Total. ..•••..••••••

7, 285, 972. 50

5, 372, 062. 60

655. 03

5, 371, 407. 57

1933
January ••.•.•..••...••••.
February .••....•.•••••••
March .••.••••.......•••.
April •••....••...•.....•..
May •....•••••......•....
June ..•••••...•......••..
July .••..•..•.•...•.•.....
August. •..•.•...•••..••••
September •••..•.••...•••
October...•.....•...•.•..
l'/ovcmber •••..••.•.....•
December.•..•••....•.••.

15, 360, 112. 84
20,758,427. 15
21, 69:!, 083. 82
18, 119,962.42
22, 855, 433. 69
17,321.307. 67
23, 278, 692. I 9
3, 483, 282. 34
3, 2.,3, 888. 56
I, 896, 464. 93
2, 109,918.31
3, 255, 678, 72

15, 269, 009. 65
18, 21\6, 632. 88
19,706,023. 71
19, 214, 707. 12
23, 262, 884. 81
17,813,925. 71
2'l, 287,256.46
3, 798, 852. 57
2, 4.54, 622. 40
2, 762, 700. 50
2. 015, 121. 54
2, 929, 313. 74

104,646.84
I, 798,634.47
I, 330,314.09
2, 009, 169. 89
2, 652, 548. 71
4,473,930.65
12,898,417. 70
28,148,010. 72
26, 3.10, 278. 7 I
22,014,809.00
15,897,239.21
7,610,410.44

20, 536, 670. 3S
37, 004, 668. 79
55, 380, 378. 44
72,585,915. 67
93, 196, 251. 7T
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

Total. •••••••.•.••.

153, 386, 252. 64

149,782,151.12

125,268,410, 43

29, 885, 148. 26

5. 739, 1193. 04
5, 708, 256. 95
2, 706, 35.l. 39
1, 164, 925. 89
227,324.30
943,267.89
73.1, 276. 66
3SO. 570. 69
243,266.14
341, 881!. 41
9, 103. 98

5, 075. 284. 50
6,213,407.61
3, 151,195.84
949,023.95
148,713.81
282, 6SO. 28
770,640. 71
158. 259. 21
762,747.35

----·-·-----·------577, 4n. 74

6. 577,453. 24
5. 451, 43/l. 28
10,215,590.51
8, 734, 142. 18
5••5,59, 706. 67
2 . .516, 248. 77
1, 235, 772. f,5
I, 677,537. 10
1, 662, 209. 86
I, 127,072. 76
3,197,403, 24

28, 382, 979. 52
29,144,948, 85
22, 080, 554. 18
14, 29.5, 435. 95
8, 884, 443. 09
6, 6.30, 874. 60
6, 165, 742. 66
4, 646, 464. 77
3,747,002.26
2,619,929.50

m. 34

18, 089, 427. 00

47,974,575. 26

178,840, 452. 48

173, 243, 640. 72

173, 243, 640. i2

1934

r;}~·············•··

lt:i:i:iil
Total. •••.•.•.••••.
Grand total. •••••••

18, 168,

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

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

LIVESTOCK CREDIT CORPORATIONS
[Under sec. 5 of the Reconstruction Finance Corporation Act, as emenrled]

March

1932
$4 70, 990. 00
I, 659,550.00
1,214,017.01
2, .549, 078. 00
1. 315, 563. 16
1. 944,974.76
I, 5:l4, 779. 79
521,319.62
452,663.65
147,467.62

-------------------$4,508.69

1~)::!I1l::i:

$496. 9SO, 00
2, 548, HIS. 00
I, 2il0, 82,5. 00
2, 288, 576. 00
I, 415,216.29
2, 7S3, 454. 57
1,202,725.44
478. 30,,. 00
506., 56.5. 55
194,750.00

20,249.41
136,771.65
255,983. Zl
408,041.41
504. 242. 20
605,885.43
552,119. M
1,574,457.21

3,319,708.91
5, 732, 105. 26
6,791,685.15.
8, 328, 618. 50
9, 3.59, 156. 09'
9, 274, 590, 28
9, 175, 134. 38
7, 748, 144. 79

Total. •••••••••••••

t3, 145, 602. 85

I I, 810,403.61

4,062, 258. 82

7,748,144. 79

$470,990.00

:i, 126,001.31

i====-~==l===~==i,==~~=,i==~

==-=

See footnote., at end of table.

Digitized by

Google

64

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorizations, disbursements, repayment,, and other red~
tions, and amount outstanding from Feb. B, 193B, to Dec. St, 1938, indume, br
classes and months-Continued

TABLE

Ji

LIVIISTOCK CBJIDIT CORPOR.ol.TIONS-Contlnued

Year and month

Amount or
authorizations 1

Amount or repay•
ments and other
reductions

Amount of
disbursements

Amount out-

standing st end
of period

1933

January. . . ...............
$130,700. 00
$69,400.00
February................
37,000. 00
48,727.17
March .......................................................... .
April.....................
12,600. 00
11,000.00
May.....................
100, 000. 00
100, 000.00
Juno.....................
ll6,000.00
116, 000. 00
July ....................................... . ................ ..... .
August...................
400,000. 00 ................... .

i8tt~t~r~~~=::::::::::::::
:::::::::::::::::::: .........ai:i;20i21·
November ... ... ........................... . ....................
December................
Total..............
1934

.

75,000.00 .•••..••....•.••••..
871,300.00

658,329. 44

1935

$8,300, 958. 71
~.492,S2UI
~.095,245.00
4, ;46,26!.re
4,5113,013.iO
4,7,;2.2S6.31
3, 936, i69. 18
3,285,JIJ7. 0I
3,041, lli2. Ii
3,071 ,0!9.li
2, 778,517.0li
2,324, 929.111!

6,081, 544. 24

2.324.92I@

213, <til6. 61
140,787.36
357,209.8,
97,929.59
43, &17. 64
32. 917. 94
89,570. 05
5,020. 24
11,176.85
83,879.64
135,171.46
130,102. 12

2,111,433.38
1,970.646. 02
1,713,436.15
1,615. 506.56
1,571,958.9'!
l,60i.liil.511
l,51i,911.51
1.512.SllLJIJ
1.501,714. ll
1, 4-13. 39.1. 96
1,333,2?2. 50
1,203, lll.38

1,340,809. 37

1, 203, 120. 38

l======l======I,======

January ...................••••..•.......••••. •···················
February................
100,000.00 ................... .
Mnrch.. ................. .•..••.......•..••.•
100,000.00
April. ....................................... ................... .
May ... ......................................................... .
June.....................
60,000. 00
68,440.61
July ............................................................ .
Augu•t .................................... ... •···················
September...............
25,559. 15 . . ................ ..
October.................. .......... .... .. ....
25,559. 15
Novembor...............
25, 000.PO
26, 000.00
December ...................................................... ..
Total..............

$1, 453, 586. 08
919,864. 29
397,576. 56
359, !176. 98
343,254. 35
366,727. 39
315,517.13
651,462. 14
243,334. 89
284,155.23
292,442. 13
458,647. 07

210, 559. 15

218,999. 76

l= = = = = =l======I,=======

January......••.•..•..•...•..•....•...•....•...•....••..•.•.•.••.
February ....................................................... .
March .......................................................... .
April.....................
120,000.00 .•...•••........•...
May..................... ................ ....
120,000.00
June ••..•.......•.•..........•.•........•.••...••••......•.•..•••
July •..••.•....•••••.....•••.•..•.•.••.•••••.•...••••••.•••.•••..
Au~ust .•........•..•..•....•.•....•.....•••.. •···················
September ...................................................... .
October.. .. ..............
163,865. 88 .••.••.•...•..•.••.•
November............... ••.......•..••••..•.
75,000.00
December................ .................• •.
88, 865.88

16,406.46
42,035.24
6,077.45
1,121.50
30,817.50
38,152.35
159,457.53

1,186,713.92
l, 144,fiiS.68
I, 138,601.23

41,500. 117
123,056.46
43,982. OJ
34,989. 63

l,l37.4i9.73
1,226.6f>2.23
I, 188,509.88
J, 029. 052. 35
004.339.87
9'22,839.SO
799. .&1.34
830. 801.33
884,6i7.58

60'2. 308. 68

884. 67i.58

January •••.•.•...•..•.......•...•....•..••.•. . •••••...••......•..
February ....................................................... .
March .••......•.....•........•........••..•.•.•..•••..•.••••••••
April ........................................................... .
May ......................................... . .................. .
June .••.....••.•••.•.••.•..•.••.••.•••••••••• •....•.•.•.••.•...••
July .•.••...••...........••.•••..•••..••.••..•.......•.•.••••••.•
Augnst ....••..•...........•.•••....•.••....••..•....••...•••.•••.
September •.•.••••••.•••••••.••••••••••••••••.•••.•••••••••••••••
October ..•..••••...••..•..•..••.•••...•.••••••••.••••...•••.••••.
November .••....•.•••......••.••.•.••.••.•.••••.••••...••••..•..
December ..•••..••.•••••..•.............•.••••.••..••..•.•••.•••.

11,093.00
3,402.05
11,506.06
3,736. 60
8,424. 53
27,724.12
69,134. 54
9,851.34
16,277.20
91,732.38
125,592. 76
216,874.94

873.SM.58
870.1821>1
8.ll,939.Sl
846.515. 31
818, 791.2'l
749,656.68
739,805.34
723. 528.14
63U95.;6
500,203.01
289,3:?S.07

Total. ••••.••••••.•.........•.•.••••••..••........•..•.....

695,349.61

289,328.07

283,865.88

283,865.88

64,712.48

1936

1937

January.•... ••••••.•••••.•.••.••••••....•••.••.•••••••••••••.••••
F1ibruary ••••.•..•••.•••••...•••...•..•••.•••..•••••••.••••••••..
March .•••.•..••••..•......••.•.....••••.•••••.••••••••.••• . •••••

~~1..-.-.::::::::::::::::: :::::::::::::::::::::::::::::::::::::::.

June ............................................................ .
July •..•••••••••.•••••••..•.•••••...•.•••••••••...••.•.•...••••..
August ••••••.•••••••••••..••••••.•••••••••••••••.•••..••.••.••..
October . .. .••.•••.••••••••••••.••.•••••..•••••.••.•••••••••••••••
Bee footnotes at end or table.

Digitized by

41,753. 88
12,489.38
15,250.00
1,771. 23
2,400. 00
16,000.00
19, 3116.47

26,330:00
12,188, 00

Goog Ie

L

8,18,6;6.47

247,574.11
235, ()Bl. 81
219.834.81
218,06.158
215,61\1.58
200,66.1. 58
181,297. 11
JM,1161.11
H2,7i9.ll

..

REPORT OF RECONSTRUCTIO~ FINANCE CORPORATION

65

6.-Amount of author!:zations, disbursement,, repaymentll, and ~ther reductiom, and amount outata11dmg from Feb. 2, 1932, to Dec. 31, 1938, inclusive, by
claasea and months-Continued

TABLE

LIVUT<>a CREDIT CoRPOBATIONS-Contloued

Amount of
authorizations•

Year and month

Amount or
dlsbursemeots

Amount or repayments and other
reductions

Amount 0•1tstanding at end
Of period

11137
'fovember ••••..•••••.•••.••••••• .. .•..••.•••..••••.••••••...•• •.
December.............. • • . • • • • • • • . . . • • • • . • • . . . •••• • ••. • .•.•. . ....

$82, 779. 11
60,000.00

Total. •••••••••••...••• •• · • ·· ·• ·· ·• · ·· · • · •• ·• · · · · ··· · · · ·· ··
$12, 1171, 698. 69
Sl4, 611,327.88
Grand total.. •••...

12, 971,598. 69

$60,000.00

289,328.07

R.uI.110.lDS (INCLUDING RJ:CJ:IVJ:RS AND TRUSTEICS)

(Under sec. 6 or the Reconstruction Finance Corporation Act, as amende<l)
1932
•ebruary ••.•••. •.•• •.•••
\larch... ........ ... ... ..
\pril................ .....

$31 . 322,257.00
S3U22, 257. 00
54.005.805. 00
$1,147,952.00
24,791,500. 00
13.S12. 000.00
73, 782. 138. 00
18,816, 3:J3. 00 .•••••..•....•...•..
37, 0:H. 457. 00
86. 8Rfi. (l.j7. 2f\
2. 815. 771. 74
15. 808. 637. 00
60, 92.1 ..~38. 00
Ilay.....................
139. 48fi. 860. 76
2, 203.000. 00
54, 824.813. 50
54,239.972. 00
une.....................
164, 012,500. 76
2,000.000. 00
27,545,736. 00
16,392. 0'!5. 00
uly..... ......... . .. .....
205,781, l ,>i. 95
224, 8.'!-1. 31
41, 9'i3, 445. 50
12, 798. 5.~3 00
IUflLSf............... . ...
218,410, oo~. 95
2r.o. 000. 00
12,888.851. 00
21. 293. 541 . 00
:r11tcmber... .••. .. ••..•.
241,431 , 324.115
1,910, :,00.00
24,931,816. 00
2~.Y2R.2G9. 00
)ctobcr..... .. ...........
249,951.634. 211
162. 498. 66
8, 682. 808. 00
38,226.000. 00
,oremher.. .. ..... .. . . ..
272. 471,708. 77
12fi. 000. 00
22. 645, 074.48
8,915.891. 00
lecember................
-708_77_
-1,-l·--21-2-,-47-1-.
.
3-Y.-66-2-1---l-l,-88
4_
2_7_1._
,
-3-1100-1·----,-28-4-,
_
__
4-3-5,_09_3
.
i--3-3-7'••......••••.
Total.
i=======l=======,l=======I====,==
11133
280, 0ll, 2:xi. 41
14,001. CO
7, G33, 551. 64
3. 000. 000. 00
anuary..................
296,229,012. 39
8,322, 417. 82
24,510. 173. 80
19,440.022. 00
•'ebruary ••••••..........
310, 9!0, 7H. 211
102,180.40
14,792. 8Ul. 30
5,297,828.00
,!arch.. ............... ..
323,194,850.60
12,275,136.31 . . .... .•.. . .........
11. 006. ,583. 00
,pril....... ...... . .......
340, 8.54, 772. 40
2flfi, 795. 18
17, 925. 716. 08
23. 200, 000. 00
,fay........ ...... . . .....
354 ,059,351. 20
5, 125. OSI. 20
18. 329. MO. 00
6,050,000. 00
unc. •.••••••••••........
331. 333, 800. 73
24,028.144. 47
1,302. f,00. 00
uly.... ....... ...... .. .. . ..••. ••.• ..........
331, 159, .728. 48
45,;_ 878. 25
281,800. 00
3,862,000.00
<UfUSt....... .••• .•.... ..
331 ,8 13,028. 48
3fl0.000.00
1.013.300.00
eptcmber............... .....••••....•......
330,243,0 15.52
6, 199, 220. 26
4. fl29, 20;. 30
lctober. •••••.••...••.... ....• •••...... .. . . ..
333, 4,;.;, 0611. 23
76,707.61
3,319.658. 32
744, 252.00
iorember •••••••••••.••.
7,c..l_fln__,_1_2.5___41
. 3_6_ . _ _ _1_3_0._1_3_2._1_s~ __3__3....
· ·;_·_··...c·.:..··~ _ _ _3_._8_19_._29_1_
• ·_· ,;.··;...;·.:..··;....·_-....
>eccmbcr •.••••••• •.•... · 1-·-· ....
1
337, 166. 125. n
45,088,570. 37
100,782,987.01
74,410. 585. 00
Total...............
1934
3-10, 8..'>4, 042. 811
0, t\f.2. -~2
3,697,480.00
anuary............ .. . •.. . ..••••••. .. ....... •
315,319,916.72
29. ;49_ 17
4, 49,5, 623. 00
500. 000. 00
'ebruary.............. . . .
345. 323, 07fl. 72
100. 000. 00
103 ,160.00
100. 000. 00
,larch...................
345. 11,u. 500. 16
56
1.56.
349.
11 5, 580. oo
s. 254, 252. oo
,p, ii............ . ........
344. u-rn. 8U0. 98
2H. 489. 18
101, ~o0. 00
-la)'...... . .. ...... .... .. ... ................ .
637, 228. 12
353,
41
52,\.
347,
9, 034,862. 55
une. •• • •••••.... ...•.... ..• •••••.. . . .. . . .. . .
354,741,618.45
18,109.67
l .12'1,500.00
1, 000,000. 00
uly......................
,500. tiO
343,481
85
827.
12, lflf>,
OOfJ, 800. 00
c11gust................... ..••••••.•.•.•.•.••.
343, 5\l4 , 93~. 69
l(),'j, 037. 50
221 , 386. 59
eptember. ••••••••••.•.. ••.••• ••.• . . .. . .. . . .
4511. 77
353,491,
7,071.40
9,901,490.48
21 ,295,000.00
>ctober.. .. .. ............
361,829, s·,s. 03
48, 5:SO. 81
8. 386, 980. 00
3, 182, mo. 00
;ovember • • ••••••••••••.
. _71
_sfl_7_
.
u:_i
3_1._zs_2_._25_ ___3_7r._,._~_
. oo_ ____
1s....._ro_s_. _21_1_
9,_ooo_._oo-1 _ _ _
>ecember •••••.••••••••.. ___1_1_.6_7....
1
1
1
376,893,867. 71
13,461,271. 32
53, 189,013.62
46,010,402.00
Total..............
l = = = = = = l = = = == = l = = = = ==l=== =
1935
379,464, 48~- 58
89,381.13
2, 660. 000. 00
anuary••••••.• .. .•... .. . . . .• • •• •• . •.••••••..
3ill, 701 ,755. 91
13. 730. 07
251. 000. 00
'ebmary •••• ••. .. . . . . . •. . . . • • • •• . • . • • • • • • • • . .
380, rn~. ~S5. 91
00
oou.
103.
600. 000. 00
,larch ...... . ............ . ... .. . . . . . . . . . . . . . .
3!il,, t. ll. 2\1-1. 08
8\3. Wl.63
7, 2tii. 300. 00
33,978. 900. 00
'/"ii.. •••••••.......... ·413. 414. 4~3. 76
228. 930. 32
27, 031. I 20. OC
2,300. 000. 00
, ay •.•• •• •• • ...... .. ..••
4 H, 3H, 4fi3. 22
so,, fiOO. 54
I, 738 480. 00
240. 748. 00
une.. .• • . ••• • ... ..••.. ..
U
338, 340. 81
813.
41~
1,272,
266. ;oo. 00
uly................... ... .. . .••••.. . ......•••
413, 319.816. 40
6, 133.41
17,600. 00
,U<rust. .................. .................•..
902,782.911
412.
41
133.
454.
7,100. 00
cptember •••...... ..•..• .... • • ••.•.•...•....
412, 804, 759. 18
98. 023. 81
>ctober .• •••••.•..•.•••. . . ••••••• •······· ···· ··• ••••···· ·•· · ·····
412. 765,209. 14
39,550.01
;o,ember _______________ ----- -------------- - •·· ······· ----- -- -- 336. 249. 860 00
16, 609, 600. 24
9-1 . 252. 00
)ecember................ .... •• ••.... ........
3\ 6, 249,860. 00
39. 933,552.00
36,519. 648. 00
Total.. ••••••'. ......

146. 975,757.00

0

=

=

See loot notes at end of la'>le.

136800-89-11

Digitizec by

Goog Ie

66

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorization,, disbursements, repayment,, and other reductions, and amount outstanding from Feb. 2, 1932, to Dec. 31, 1938. inclusive, by
classes and months-Continued

TABLE

RAILROADS (INCLUDING
Amount of
authorizations

Year and month

RBCBIVIIBS

1

1936

January..................
$5,000,000.00
February •..........•.... _ ·····- _____ -· _···-· _
March...................
99,422.400. 00
April ........••..•..•.... _
16,148,667.00
May.....................
100,000.00
June .•......... -········7,000.00
July......................
150,000.00
August •...•...... ·······8, 176,000.00
September.••......................... ___ -· __
Octo her.•.•............. _
140. 000. 00
November ..•...•....... _········-···-··--···
December..••••••........ ·•·················Tot11l..............

129,144,067.00

AND TRUSTIIBS)-Continued

Amount of
disbursements

Amount of repay.
ments and other
reductions

Amount out•
standing at end
or period

$2, 587, 892. 52
5, 063, 329. 75
959,142.31
1, 000, 826. 28
4, 180, 699. 09
4, 689, 664. 97
45, 843, 881. 03
722,288.47
I, 809, 819. 94
3, 656, 849. 98
9, 569, 278. 98
99,620.00

$393, 711, 968. 38
390, 198, 638. 63
389, 239, 496. 32
394, 167, 670. 04
393, 027, 718. !15
388, 432. 053. Q8
3P(), 840, 839. 95
360, 268, 551. 48
349. 258, 731. 54
353, 784, 881. 56
345, 155, 602. !,S
345, 975, 982- 58

3i2

345, 975, 982. 58

4)8.106 00
126,500.00
5, 006, 000. 00
538, 4CO. 77
30,667.42
478,301.31
2,387,813.42
77,028.73
578,857.61
352,662.63
24,944.82
5,000.00

345, 4g,, 8)6. 58
345, 371, 376. 58
340, 36.', 376. 58
344, 826, 97.". 81
344, 796. 308. 39
354, 318, 00,. 08
351,930,193.66
351,853,164.93
356, Zi4, 307. 32
35b, 921,641.69
355, 896, 699. 87
355,891,699.87

20, 000, 000. 00

10, 084, 282. 71

355. 891, 69!l. 87

3. 000, 000. 00
4, 000, 000. 00
6, 533, 000. 00
1, 278, 000. 00
21, 621, 500. 00
4, 622, 000. 00
4. 950, 000. 00
16,727,000.00
4. 820, 000. 00
6, 748, 000. 00
2, 000. 000. 00
11, 674, 921. 95

677,121.50
265,172.72
51,033.48
33l,846. 75
765,814.82
I, 156,500.00
344, 336. 74
102. 997. 18
384,000.00
66,000.00
5,000.00
• 3, 622, 311. 82

358, 214, 578. 37
361,949,405.65
368, 431, 372. 17
369, 377, 525. 42
390, 233, 210. 60
393, 698. 710. 60
398, 304. 3,3. 86
4 I 4, 928. 3,6. 68
419. 3f,4, 376. 68

87,974,421.95

• 7, 772, 135. 01

436, 093, 986. SI

$50, 000. 00
1, 550, 000. 00

5, 929, 000. 00
3, 040, 748. 00
94,000.00
8, 252, 667. 00
150,000.00
800,000.00
8, 183, 000. 00
940,000.00
920,000.00

29,909,415.00

80, 183, 293.

1=======1=======11=========1===

1937

January_ ................ _

5,000,000.00 ···················-

February._ ..••••.... _... _ ...... ·············- ......•........•....
March •..........•.......••.....................•................

tr:r·:======~~=~======== ····•·io: ooo;ooo: ()() ....... ~~~~~:~.

June .•..... -.. -•········· -···················
10,000,000.00
July········-···-·········-·•··-·---·-- ______ ····-·····-········August ... _...............
5,000,000.00 -·········-···-····September............... ....................
5,000,000.00
October .............. ··- ......... -·· ......... ···········- ....... .
November ..•........... _···············-·······-···•···-····-·-December........••..... _ ······-·-----······- -············•······
Total. •.•..••••....

20, 000, 000. 00

1938

January .•.••....•...... __
6,000,000.00
February.................
2,000,000.00
Marcil...................
5,533,000.00
April ......•••••...•...•• _
15,678,000.00
May........•....•...... 16,221,500.00
June: ·············•····2,472,000.00
July......................
14,600,000.00
August..................
11, 873. 000. 00
September...............
5,000,000.00
October.................. -······--· ----··•··November ... _...........
12,402,921.95
December_ ... -···········
JO, 5i2, 000. 00
Total..............

102,352,421.95

426, 0411. 3;-r. rs

428, 041, 37R. 68
436, 093, U!l:l. 81

l=======l=======l=======I====
Grand total.. •.... _
745,872,216.95
625,100,661.06
436, 093, 986. 81
• 189, 006, 674. 25

PROCESSORS OR DISTRIBUTORS SUB111CT TO PROCIISSINO TAUB
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
1933

November...............
December................

fl, 333. 69

14, 400. 00

$7,333.69 ········•·-········-

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

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

21, 733. 69

7. 333. 69

$7,33.3.69
7. 333. 69
7,333.69

1934

January..................
3,787.90
6,816.69
February.•••.....••••••••..••........ ···-··· _ ..•.... ·- .. .........

505. 69

H, 150. 38
13,150.38
8. 72'2. 38
9,290.06
2,473. 3;
I, 973. 37
I, 467. 68

13,250.38

I, 467. 68

$1,000.00

tJl~!:::::::===::::=:::::: .............~~'.:~. ·······- ·-···c,01:as· ...........~~~: ~6
~~t~n\.iMir::::::::::::::: :::::::::::::::::::: ::::::::::::::::::::
• ~~: ~
December.•...••••••••••. -··········- -•···•·- ...........•.•......
Total ••••••••••••••

4,356.58

7,384.37

Bee footnotes at end of table.

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REPORT OF REC'ON~THlTTION FINANCE CORPORATION

67

6.-Anwunl of authorizations, disbursements, repayments, and other reductio11s, and amoimt ,rntR/anrling frvm Feb. 2, 1/J.:32, to Dec. 31, 1938, inclusive, by
classea and months--Co11ti11ucd

TABLE

PROCESSORS, OR DISTRIBl'TORS SUBlEfT TO PROCESlllN0 TAXES-Continued

Year and month

I

Amount of
authorizations

1

Ammmtof
disbursomoats

Amount out•
standin~ at end
of period

Amount of repay.
n1ents nnct olher
reductions

1935

January _____ ---······-··- ------------·-- ----- ------ -- -- -- -------Noveml:>er _______ ······-- -------------------- ------ -------------December ___ •••.••• _••• ______ -----·- -·-·-- ___ .. _--------·--- ____ _
Total ••••..••..•...

$567. 68
267. 68

I, 467. 68

Grand totaJ. ______ _
STATE Fusos CREATED FOR

$9()0.00
300. 00
267. 68

$26,089. 2i
THE

$14,718.06

14,718.06

PURPOSE OF INSURING REPAYMENT OF DEPOSITS

I======

OF

PUBLIC MONEYS

[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
1933

October_·--····-····----$5, 88i, 715. 88 ____________________ --············-····· ····---··-········
November-····--··--·--- ·-·--···-···--·----$5,887,715.88 ---······---·-·-···$5,887,715.88
December.·-·-·---------··-------·--·-··----- -------------------$74,750.14
5,812,965.74
Total.. ____ ._. __ . __
5,887,715.88
5, 88i, i15. 88 I
74,750.14
5,812,965. 74
11134

Janu.1ry··---·-··-- --··-. - -···--- --- -- -- . -- --- •·--···-----····- --February .. ------·-··-- __ --··-·----- --·-- ---- --····--------·----·
March.·-·------·--·---·----··--•-------·-·-- -···----------··---April._. ___ ... _._ .. _. __ . __ . _-·---- ______ .. ---- ---·-·-·---·-------May.-···----·-······---2,500,000.00 --·-······· -··--- __
June.·-----····--···--·-- ----·-·---·-- _______
2,500,000. CO
JulY-·-·-··-··-·-·-·--·--- -·-·--··-·--·----··- ----······------·--·
AU!(USL ____________ . ____ ·-·-·--··---------·· ····-······-·-··-·-September_. ______ ._ . _____ ---·-----·-- ________ -----·--·---·-··---October ____ . _____________ --·-----------·- ____ -·-·--····-··------November. ______ ---·---- -····---·-···-- _____ ---·········-------·
December_··-··-----------------·-··-·•··---·--·······--·--·····Total.._ ••• --··•· ••

2, 500, 000. 00

2, 500, 000. 00

324,650, 95
433,516.88
892,527.88
1,518, i37. 55
869,746.64
801,057.53
835,951.34
534,440.83
3f.9, 1.14. 88
500, 14fi. 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, nn. 97
2, 102,336.14
1, 733, 181. 26
1, 233, 036. 23
809,060.62
478,576.95

7, 834, 388. 79

478,576.95

1935

January·-·-·-·--·-··--·-- ---·------ ___ _
--···-----·····-·--·
478,576.95 --·····-·--·----·•
MaY.--··-·-···-·---·····
2,400,000.00 ··---------------·-- ·····-···----· _____ --··-·-----·--•--·
June .•..... ·------······-----·-·-····-··---·2,376,915.30
260,159.51
2,116, 75S:79
JulY------·····----·-·-·-- -----·-·---····-··-- ---------·-··--····510,994.28
1,605,761.51
August__ ___ ····-- ___ --· _____ -···· .. -·· _·- ______ -·- __ ····-···· ... _
95,974.07
1,509,787.44
September.········-···-· _·--··-······-··-·-· ------·········-··-·
102,813.46
1,406,973.98
October·---·-····-··-·-·· --··-···-··--··--- __ --·············-····
359,776.61
1,047,197.37
November-····--····-·-- -------··--·---- ____ --·----·--···-·-··-37,465.50
1,009,731.87
December·-·········--··· ··-·-----·------ ---· ·-------·-·-··-·--·336,355.40
673,376.47
2,376,915.30

2, 182, 115. 78

673,376.47

JanuarY-·---·····-·······
2,300,000.00 ·····-·-·---··-·---February.·--···-·-·----- -·-------·---···---2,300,000.00
March_. _________________ ··--- _____________________ ---·--···---··
April__·-------·------ ______________ __________ . _---------·---·--·MaY ------------·-·-· ---- -------------------- -------·-----·--····
June .. ----------------·-· ·----------·-------- ---·-----·----·--·-·

419, 773. 21
156,528.25
45,335.24
332,051. 79
151,040.26
59,318.34
381,653.67
131,760.63
67,539.09
1, 228, 375. 99

253,603.26
2,397,075.01
2,351, 7?9, 77
2, 019, 687. 98
1, 868, 647. 72
1, 809, 329. 38
I, 427, 675. 71
I, 295,915.08
1, 228, 375. 99

Total._ .. _--·.-·- __

2, 400, 000. 00

1936

July •. ·-------·-----·-·-- ------------------ -- -- ---- -········---·-

August_ _______________ . __ ·---·-•------ _______ ---···--····---·---September. _______ .---··- ______________ -·---- -----·-·------·---·October_.-··· _______ ---·- _-··- ___ -· __________ -··· _···- ___ -- --··-Total. .. _._._.____

2, 300. 000. 00

2, 300, 000. 00

I======='=======:
Grand totaL __ .. ___
13, 087, 715. 88 I
13,064, 631. 18 I

2, 973, 376. 47
13, 064, 631. 18

See footnotes at end of table.

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68

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorizationa, disbursements, repaymenla, and other reductions, and amount outstanding from Feb. 2, -1932, to Dec. 31, 1938, inclusive, by
classes and montha--Continued

TABLE

BORROWBBS ENGAGBD IN THB FISHING INDUSTRY

[Under sec. 5 of the Reconstruction Finance Corporation Act, aa amended]
Amount of
authorizations

Year and month

1

Amount of
disbursements

Amount ·of repay•
ments and other
reductions

Amount out•
standing at end
of period

1934

October..................
November······-········
December................
Total..............
1935

January..................
February................
March...................
April...... ...............
June.....................
August...................
September...............
October. .................
November...............
December................
Total..............

$42,500.00
$25, 000. 00 . . • . . . • . . . . . . . . • • • • •
20,000.00
57,000.00 ••••..•............. ···················-

$25, 000. 00

25,000.00
1-------+---------1--------1------119, 500. 00

25,000.00

25,000.00

l=======l=======l=======I=======
7,500. 00
17,500.00
11,000. 00
10,000.00
14, 000. 00
3,000.00
23,000.00
500,000. 00
3,000.00
16, 400. 00
20,000.00
16,000.00
2,000.00 . ••••...•...••••.•..
7,500.00
8, 000. 00
480, 369. 77

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

$2,500.00
..•..•..•...••••••••
. • • . • •• . . . . • . • • • • • . •

'2,500.00
52,500.00
52, 500. 00
75,500.00
78, 500. oo
78, 500. oo
92, ooo. oo
92, ooo. oo
92,000.00
572, 369. 77

,-------·1-------·1--------1------589, 400. 00
549, 869. 77
2,500.00
572, 369. 77

1936

January.................. ....................
February................ .... .............• ..

~:tr ........ _.......... ·········

25, 000. oo

5,750.00
18,500.00

6,833.32

~ gg

·• ·· · •·· · ·13,880. 23 ·

June. . ...................
2,000. 00 .•••..••••..........
80. 00
July.... .. ........ .... ........................
20,000.00
761. 11
August...................
1, 200. 00 • . •. . . ••.• .. . . . . • . . .
2, 500. 00
Septemher.......... .. . . . . . . . .. . . . . . . .. . . . . . .
1, 200. 00 ...•..• • •......•.. • •
November. .... .......... ....................
8,000.00
78,488.88
December.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5, 950. 00
Total. ............ .

28,200.00

67,330.23

578,119.77
569,786.45
589, 53'i. 45

602, 916.6S
602. 831\. 68
62':?. Oi5. 5i

619, 5i5. 5i
620, 775. Si
550,286.69
544. 336.69

95,363.31

544,336.69

13,500.00
3,000.00
2,000.00
1,620.00
6, 153. S5
2,619.99
1,724.99
1,351.66
5,000.00
600. 00
101,840.20
310. 00

532. 836.69
529,816.69
537. 711. 69
56o, 091. 69
579,9~.3-I
577, 31<. 35
590,593.36
589,241. iO
584, 541.70
583,941.70
482, 101. 50
481,791.50

139,720.19

481 , i91.50

670. 02

481, 1::ll. 58
4i9, 3W. 5.S
475,675.58
4i5, 515. 58
475,355.58
475,315. 5S
463, 595. 5S
446,569. i;
436,519.1,
429. 4Sl. 29
351, 98,. 96
351. 977. 96

1937

January............ . .....
55,000.00
2,000.00
February ................. --•·-··············· ................... .
March .................. ___ .. .......... ......
9,875.00
April.. ................. _. . _... .. .. . .. .. . . . ..
30, 000. 00

May. . ............ . ...... . . . . . . . . . . . . . . . . . . . .

20, 000. 00

June. . ...... . ... . ........
15,000.00 .........•..........
July...... . .. . . . . . ...........................
15,000.00
August..... ... .. .... .....
2, 300. 00 .•..................
September............... . . . . . . . . . . . . . . . . . . . .
300. 00
October ......................................................... .
November ...................................................... .
December .......... .............. .. .......•......................
Total ............. .

72,300.00

77,175.00

1938

1anuary.•.....•.•..........................•... ... . ···-··········
February ............................ . .........................•.
March...................
300. 00 . • •. •.. ..•...•...•••
April..................... . . . . . . .. . . . . . . . . . . . .
300. 00
MBY •••••••••••••••.•••••..•..•••••.••.•.•••• ••••••••••••••••••••

June ............................... . ...... ... . .................. .
1uly.........................................................•....
August . .............•.......................... . .................
September ...•............................•.......... _.......... .
October.......•..................................................
November ........................ .. ........ .. .................. .
December.....•..............................................•...
Total..............
Grand total........

I

1,770.00
3,675. 00
460. 00
160. 00
40. 00
11, 720. 00
17, 021>. 41
10,050. 00
7,037.88
77,493. 33
' 10. 00

300. 00

300. 00

1130, 113. 54

351. 977. 9'i

809,700.00

719, 675.00

1 367,697. C4

351, 1177-116

i=======>i-=======l======"i===-===-=

See footnotes at end of table.

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REPORT OF RECONSTHUCTIO.'.li FINANCE CORPORATION

69

6.-Amount of authorizations, disbursements, repayments, and other reduction&, and amount outstanding from Feb. i!, -1932, to Dec. 31, 1938, inclusive, by
classes and months---Continued

TABLE

TOTAL, SECTION 6c OF THE RECONSTRUCTION FINANCE CORPORATION ACT, AB
AMENDED
Amount or
authorizations

Year and month

t

.\mount or
disburs,iments

Amount or repay•
ments anrl other
reductions

Amount out•
standing at end
of period

1935

\larch...................

$10,000,000.00 ......................................................... .
\pril................. .•.. ..•.....••••••.•.•••
$10,000,000.00 .•••••••.•••••••••••
$10,000,000.00

Total.. •..•........

JO. 000, 000. 00

in. 000. 000. 00

10, ()(JO, 000. 00

l=======l=======I=======

1936

10. ooo. 000. oo
1, :l.50, 000. 00

Julr......................
August...................

JO, 000, 000. 00

20, 000, 000. 00

20, oou, 000. 00

1--------1--------+--------

Total. .••..•••• _. __
11, 250, OJO. 00
10, roo. ooo. oo
i========i=======li===~<=oc==

20, 000, 000. 00

1937

March...................

5,000,000. r,o

6,000,000.00

25, O'JO. 000. 00

5, O!)(), 000. 00

5, 000, 000. 00

25, IJ.,0, 000. 00

1--------f--------·I--------

Total.... •• . . . • . . . .
1938

February................

11,000,000. ()(I

11,000,000.00 ••••••.•••••••. _.• _.

36,000,000.00

11,000,000.00

11,000,000.00 . •• ••••••• ••. • . • .. ••

36, ooo. 000. 00

36,000,000. 00

36,000,000. 00

1--------1--------·l--------f-------

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

I======

Grand total........

37,250,000.00

(')

roTAL, AUTHORIZATIONS TO BUSINESS ENTERPRISES UNDER SECTION 5d OF THE
RECOXSTRUCTION FIXANCE CORPORATION ACT, AS AMENDED
[Direct loans to business enterprises including participations]
1934
·uoe ____________________
_

$924, 500. 00
3, 13S, 900. 00

ulv .........•.•.•••.•.•..
luc,11st,
__________________ _

4, 2n, 475.

:eptrmher ______________ _

oo

4, 012, soo. 00
5, 386, 350. 00

1, 402, 4f>fi. 91

)ecembcr .•...........•..

6,054, 150. (1()
4,717, 3fJO. 00

2, 4,~e,. :JOS. 45

3,968.80
26,581.89

28,517,535.00

6, i42, 780. 11

116,678. 79

\oYetnber _________ ------

Total. •...•........
1935

4,831,550.00
4,121,100.00

1936

937, 7,J6. 48

3, Zl2. ,517. 08
4, Jll6, 234. 76
6, 626, 10 I. 32

6, 626, 10 I. 32

=---

5,638, 150. 00
4, 213, 108. :33
4,061, 7S4. 00
4,389,095. 11

1,907, 767. 64
2,217,094. 26
2, 149,499.91
2,042, 758. 77
3, 23H, 520. 55
4, 235, 210. 82
4,410, 737. 99
3, 777, 486. 28
3, 038, 710. 62
2, 586, 585. 32
3,032,284. 87
3, 040, 5 78. 69

21,117.59
82, (iOI. 59
58,401. 6fi
213,981. 5[1
212,778.00
IIJ7, 061. 13
239, 375. 17
111:i, 000, 52
2:10, 572. 19
273,263.55
320,132.29
465,582.00

8,512, i51. 37
10, li·17, 244. 04
12. 1:,s. 312. 30
14,567,119.48
17, 5!J2, 862. 03
21, 6til, 011. 72
25,832,374. 54
W, 4 lf>, 860. 30
32, 224, 998. i3
34, 538, 320. 50
37, 250. 4i3. 08
39, 825, 469. 77

73,034, 915. 22

35, 677, 235, 72

2,477,867.27

39, 825, 469. 77

5, 719. 771. 93
6,979, 125. 86

\pril..... ..•..•. ... ...•••

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

I, 642,338.27 ..•...•••......•••••
$86, 128. 10

l=======i=======l========I

·anuary.......... •.. ••••.
•ehruary................
lfarch...................
llay.....................
une. •. • •.• . . . . . . . . . . . . .•
uly... •. .•• •. • . ... ...• ..
\ugust....... .•.. ... .•...
leptember. ••••.•... .....
lctobc>r ...... .. . ... .•....
,ovemher.. ..........• ..
)ecembcr... ... ....... ...

$2n, 840. oo
1. H:6, 178. 27

$273, 840. 00 •••••••••••••••••••.

lc-tober ......•......•••..

4,189,600.00

10, 97,, o:i3. 33
6. 9!JG, 8:Jo. 00
10. 916, 766. 66

1--------1·-------

i=======l=======l=======I==

ranuary •.••.... _..•.•.•..
rr!:.'c'hary ••.... - .••••....
.\.pril.. •..................
\fay .•..••••....•.•...•..

lune .................... .
July .....•.•••...•..•.....
..\.uirust ....••.••.•...•....
)eptember ______________ .

October ................. .

~~~;~i;'::.::::::::::::::
Total. •••.•.••••..•

2

4, 704, 3,50, 00
4, 402, f,22. 20
3, 150, 210. 69
3, 056, 798. II
2, i46, {iOO, 00
4, 180, 382. 55
4, 536, 439. 97
I 5,612, 109. 02
I, 934, 8fJO. 42
3,321, {182. 14
1, 12n. 525. oo
3, 486. 569, 23

4,211,959.39
3, 118,581.91
2,672,841.82
2,315,636.46
1, 464, 704. 60
2,367,413, 12
3, OM, 622. 10
1, 930, 593. 24
2, 159,599. 10
4, 2i9, 286. 66
1,681, 248, 38
3,077,066. 75

403,929.48
443, 162. 47
772, 9,55_ 21
413, 246. 75
850,885.02
581, 1-19. 8:l
584,498, 25
837,442.52
61:J, 876. 16
U81, 627. 80
I, 099, 080. 61
l, 173, 068. 80

43, 633, 499. 68
46,308,919.12
48, 208. 805. 73
50, 111,195.44
50,725,015.02
52,511,278, 31
54,941,402.16
56, 014, 552. 88
57,580, 275. 82
60,877,934.68
61,459,202.45
63, 363, 200. 40

42, 262, 149. 33

32, 293, 553. 53

8, 7M, 822. 90

63, 363, 200, 40

See footnotes at end of table.

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70

REPORT OF RECONSTRUCTION FINANCE CORPORA.TIO~

6.-Amount of authorizations, disbursements, repayments, and other reduc-tions, and amount outstanding from Feb. 2, 1932, to Dec. 31, 1938, inclusive, by
classes and months-Continued

TABLE

TOTAL, AUTHORIZATIONS TO BUSINESS ENTERPRISES UNDER SECTION 5d OF THE
RECONSTRUCTION FINANCE CORPORATION ACT, AS AMENDED-Continued
Amount of

Year and month

authorizations

1

Amount of
disbursements

Amount of repay.
ments and other
reductions

Amount out•
standing at end
of period

1937

Jnnuary ___ · ---- _________ .
February __ _______________
M arch _______ _____ _______

April__ _______ __ -- - -- -- - -M ay ________ _____________
June _____ ___ ____________ _
July __________ ___________ _
August_ __ __ ____ ___ ___ . ...
September
.. __
.. _____
------·-··
October ___ .___
_____
November _. . ·····-· · ··- December __ __.. ... __ . ____
TotaL_ . ___ ______ _

$3, 509, 182. 94
2,061, 681. 21
2, I 2,l, 978. 78
1,414,689, 14
2 1, 274,700. 00
1,751,575.00
2,881,500. 00
977,750. 00
422,500.00
690, 833.32
J, 574, 916. 66
584, 599.96

$1,032,814.08
l, 764, 903. JS
1,081,332.00
5, 031, 263. 62
2, 469, 123. 55
l, 921,595. 97
1,444, 720. 37
2, 516, 504. 71
1,120,295.07
I, 294, 922. 16
573,745.86
3,014,526.64

$1, 443, 228. 13
1,151,487.31
1, 272, 052. 90
795,322.68
667,223.64
868,288.56
834,873.65
993,413. 68
704,755.07
1, 351, 044. 23
1, 004, 569. 61
994,535.26

$62, 952, 786. 35

9, 272, 907.01

23, 265,747.21

12, 080, 794. 62

74, 548, 152. 99

440,133.33
l, 162, 500.00
2,914,374.10
5, 778, 805. 00
2 11 , 458, 952.49
16,131,945. 00
2 18, 728, 480. 65
2 22,560,064. 21
2 14, 643,048.46
18, 959, 299. 12
8, 258, 825. 33
6, 883, 008. 24

365,443.16
568, 244.11
477, 114.42
I, 005, 845. 12
J, 421,922. 63
4, 352, 104. 45
5, 646, 943. 65
5,379,916.62
2 8, 980, 869. 89
10,875, 847.62
7, 695, 979. 31
5, 688, 648. 81

1, 495, 388. 85
933,600.35
940,439.19
713,609.60
687,349. 23
1,875,582.51
842,969.17
1, 389, 656. 19
2 2, 349, 269. 93
4, 578, 707. 39
2, 269, 289. 00
l 1, 184, 585. 34

73, 418, 207. 30
73,052, 1.06
72, 589, S26.
72, 1,761. 1
73,616,335.21
76, 092, j_ 15
80, 896, 831. 63
84, 7,092.06
91, 51 , 692. 02
97, 15, 2. 2S
103, 242, 522. 5IJ
107, 746,586.03

19, 260, 446. 75

107, 746,586.03

'42,691,610. 33

107, 746,585.03

2 l

63, 566, 202. 22
63, 375, 481. 32
67,611,422.26
69,413,322.17
70,466,629.58
71, 076, 4 76. 30
72, 599, 567. 43
73,015. 107. 43
72, 958, 985. 36
72, 528, 161. 61
74, 548, 152. 99

1938

January __ ___ ___ . __ _._. ___
F ebruary .. _. ___ ____ _____
March _______ ________ . .. .
April__ ____ __. __._ . . ____ ..
May _______ ___ ____ _____ __
June ______ _______ .... ---July ______ __ .. _. _____ __ __ _
Au~ust_ ______ . _. ____ _.. _.
September . __ _________ __.
October ______ ._ . __. ____ __
November .. _.. __________
December __ .. _____ ___ ____
TotaL _. ___.. __ ____

127,919,435. 93

52, 458, 879. 79

Grand total. ___ __ __

291,006, 942.49

150,438,196.36

4

-LOANS TO BUS!NJIBS ENTERPR!S119

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

June_._·- __ -·-· __ -·-·- __ _
JulY-----···-·-----------Au,rusL __ • ___ ._. _______ _
September.-···---------October._ ••• --------·-·-November _·----·-·-----·
Deeember·-··----··-----Total. __ ------···-·
1935

$924, 500. 00
3, 138, 900. 00
4, 255, 850. 00
3, 602, 500. 00
4, 306, 700. 00
5,299,150.00
3, 924, 750. 00

-1--------1------6, 315, 280. 11
116,678.79

25, 452, 350. 00

3,363,100.00

t!~i:-:::-.:::::::::::::::

i:m:m:~

1une •. ·-···-·-·-·---·---1uly•• ·--···········-·---·
August .•.••••••• ·-·-·---September •••• ·--·----···
October--········-·-·---November.··········---·
December••••••• ·-·----·-

10,390,100.00
6,232.980. 00
10,203,500.00
5,236,800.00
3, 5/iO, 275. 00
3,323,284.00
3,708,096.11

M':1-::::::::::::::::::::

1936

$273, 1!-10.00

1, 916. 1i8. 27
3,232,517.08
4,166,284. i6
6,198,601.32
6,198,601.32

======,1=======1,======,1======

1anuarY----···-----------

Total •••• ······-···

$273, 840.-00 -········-·-----··-1, 642,338.27
$86,128.10
1,402, 466. 91
937,736.48
3,968.80
2, 058, 898. 45
26,581.89

~:~::::

1,571,634.31

21,117.59

~::u::~

~~:~:~

~:=:~u:

3,8915,744.15
4,015,443.83
3,439,670. 76
2,934,408.66
2,280,772.82
2,738,384.87
2,873,828.69

7,749,118.04

ri:g?u~

1t;::::n

166,378.64
235,675.36
185,635.64
216,860.00
222,825.31
303,386.41
445,775.10

19,429,664.68
23,209,433.15
26,463,468.27
29,181,016.93
31,238,964.44

:~:~::~

83,673,962.90
36,102,016.49

-1·-------11-------·1------64,167,431.90
32,216,012.05
2,312,596.88
36, 102,016.4'

/======/======/,=====,/=======

1anuary_·-·-····--·-·---February_ ••••.••• _. ___ ·-·
March_.·-·-·······-·-- __

M'::1.:: :::::::::: ::::::::

4, 350, 300. 00
3, 551, 129. 70
2, 332, 710. 69
2, 448, 398. 11
2, 418, 600. 00

3, 988, 339. 71
2, 655, 987. 11
2, 455, 134. 15
2, 030, 136. 46
1, 342, 204. 60

385, 238.M
392,139.75
M2,9M. 66
332,147.91
803,461.09

Bee footnotes at end of table.

Digitized by

Google

39, 705. 117. 56
41,968,964.112
43, 881, 144. 51
45, 579, 133. OIi
46, 117,876.67

REPORT OF RECONSTRUCTION FINANCE CORPORATION

71

6.-Amo1mt of authorizat.ions, disbursements, repayments, and other reductions, and amount outstanding from Feb. 2, 1932, to Dec. 31, 1938, inclnsive, by
classes and months-Continued

TABLE

L•>ANS TO Hl'5I'-E:JS :~STERPR.BE9-C rntinurd

Amount of

Year and month

authorizations

1936
June ......•.•••.•.•...•.•
July .....••............•••
AUJ!1]St .....•..•...•..•.•.

t

I

Amount of
disbursements

Amount of repay.
men ts and other

reductions

Amount out•
standing at end
of period

September_--------------

October....•.....•.••....
~ovember ••. ·······-····
December .•••....•.••••••

3,456,479.97
5, 459, 459. 02
1,754,860.42
2, 799, 182. 14
1, 049, 025. 00
3, 422, 569. 23

$2,200,913.12
2,942,597. 10
1,857,919.94
1, 949, 130. 67
3, 628, 323. 99
1, 537, 288. 38
2,980,141.75

$502,213.45
4S8, 439. 50
807,870.67
527,531.17
603,877.85
966,553.85
1, 066, 263. 911

$47. 876, 576. 24
50, 330, 733. 84
51,380, 78:l. 11
52. 802, 382. 61
55, 826, 828. 75
56, 3n, 563. 28
58, 311, 441. 04

Total. •••..........

36, 136, 028. 09

29,628, 116, 98

7,418,602.43

58, 311, 441. 04

9E.6, 083. 31

$3, 093, 313. 81

1937
January .•...••...•.•.....
February •..••••.........

August. ........••••••.•..
September ••....•.•.•.•.•
October ..•••....•.•.•.•.•
:-!ovember •••.•.•.•.•. - ..
December .•• -.......•.•..

2, 008, 932. 04
1, 8.10, 281. 21
1. 807, t\45. 45
1,027,789.14
I 833, &lO. 00
1,628, 575. 00
2,707,000.00
82fi, 000. 00
3u:i. 500. oo
690, ~33, 32
1,359, Ul6. 66
572,099.96

924. 685. 85
4, 779, 638. 62
2,431,944.07
1,770.075. 51
l.18f>, 517. 04
2, 508, 504, 71
1,120,295.07
1,245, 372. 16
563. 859. 33
2, 872, 669. 50

1, 304, 336. 45
1,097,178.48
1,054,217.21
738,738.13
548,131.23
806, IJ3. 71
761, 8~!. 69
928,550, 80
668,485.05
1, 289, 818. 98
008, 395. 23
863,841.61

57,903,187.90
58, 351, 289. 53
58,221,758.17
62, 262, 658. 66
64,146,471. 50
65. llO, 433. 30
65,535, 128. 75
67, IJ5, 082. 06
67,566,892. 68
67, 522, H5. 86
67,177,009.96
69, 186,737.85

Total ...•.•.•.•.•..

• 16,496.373. 68

21,934,925. 28

11,059,628.47

69, 186, 737. 85

1938
January..••••..••••...•..
February ..••••.•...•.•.•
~larch .....••••.....•.•..
\pr'L ....•.........•.•..
May ...•. ·-··············
June ••................•.•
Jul:,- ..................•..
AUJ!1]St ......•........••.•
September. ________ ---·-October ..•••.•.••..••••..
Xovcmber ••••.•...•••.••
December .•••••.•...•.•••

365,133.33
637,500.00
1,615,074. 10
4,176,180.00
I 9, 193, \110. 00
11,472,960.00
I 14,000, 214. 65
I 14,261,531. 72
I 6, 053, 446. 97
12,363,766.67
6,541,337.15
2,512,511.93

351,043.16
568,244.11
445,114.42
848,062.12
1, 355, 531. 04
3, 452, 444, 43
4. 990,012.00
4. 961,077.06
I 8, 567, 805. 17
10,417,962.62
7,061,570.63
4, 418, 754. 28

1,300,457.64
822,263, 01
762,832. 75
596,119.98
573,060.89
1,612,636.57
800,910, 96
1,239,384.32
I 1,794,650. 30
.. 246,910.17
2, 155, 2-15. 98
' 1, 090, 483. 67

68,177,323.37
67, 923, 304. 47
67, 605, 586. 14
67,857,528.28
68, 639, 999. 33
70,479,807.19
74,668,908.23
78, 390, 600. 97
85, 163, 755. 84
91, 334, 808. 29
96, 241, 132. 04
99, 569, 403. 55

17,054,956, 24

99, 569, 403. 511

' 37, 962, 552. 81

99, 569, 403. 55

""'~"-············•·····
•rril. ..••..•.•••••.•....

~:~~:::::::::::::::::::::,
July ..........•••.•.•••..

1, 545, 280. 11

Total. ••••••.•....•

83, 193, 566. 52

47,437,621.04

Grand total •••••...

225,445, 750. 19

137,531,956.36

I

PURCHASES OF PARTICIPATIONS AND AGREEMENTS TO PURCHASE PARTICIPATIONS IN LOANS TO BUSINESS
ENTERPRISES

[Under sec. 5d of the Reconstruction Finance Corporation Act, as amended]
1034

AUl!USL .....•....•.•.•.•
September .•••••....•...•
October .•...••..•...•.•..
November •••.••.•.......
December ...•••••........
Total. ••••••....•..

$17,625.00
410,300.00
1,079,650.00
765,000.00
792,610.00

$427,500.00 ••••·•·•••••••••·•·•

$427,500.00

-------------------l=======l=======I======

427,500.00

1935
January ...•••.•.....•.•.•
February ...•............
March .•.••.•.•...•......
April.. •••.•.•.••.........
May •.••••••..•.••.......
June •••••.•••••.•••••.••.
July...•••••.•............
August.. •••.....•.•.•....

3, 065, 185. 00

427,500.00

1, 468, 450. 00
550,500.00
573,300.00
843,000.00
883,500.00
587,933.33
763,850.00
713,266.66

336,133.33
153,250.00
482,999.53
241,500.00
304,000.00
339. 466. 67
395,294.16
337,815.52

$80. 00
6,830.00
45,8.10.00
80.00
682. 49
3,699.81
7,364.88

763,633.33
916,803.33
1, 392, 972. 86
1, 588, 642. 86
1, 892, 562. 86
2,231,347.04
2, 622, 941. 39
2, 953, 392. 03

See footnotes at end of table.

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Google

72

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amour t of authorizations, disbursements, repayments, and other reductions, and amount outstanding from Feb. 2, 1932, to Dec. 31, 1938, inclusive, by
classes and months-Continued

TABLE

PURCHASES OF PARTICIPATIONS AND AGREEMENTS TO PURCHASE PARTICIPATIONS IN LOANS TO BU81NES8
ENTERPRIBEs-Contlnned

Year and month

Amonnt of
authorizations

1

I

Amount of repayments and other
reductions

Amount of
disbursements

I

Amount outstanding at end
of period

1935

September _______________
October ________ . _________
November _______________
December ________________
Total. _____________
1936
January __________________
February ________________
March ___________________
April__ ___________________
May _____________________
June _____________________
July _____________________
AU!!'118t ___________________
September. ______________
October ________ ._. _______
November _______________
December ________________
Total. __ . __________

$3,043, 981. 80
3. 29'), 356. Off
3, 576, 510. 18
3, 723, 453. 28
3, 723, 453. 28

223,619.68
462,594.80
217,707.67
285,500.00
122. 500. 00
106,500.00
72,025.00
72. 673. 30
210. 468. 43
650. 962. 67
143,960.00
96. 925. 00
2, 665, 436. 55

18,690.84
61,022.72
230,000.M
81,098.84
47,423.93
78,936.38
96,058.75
29,571.85
86,344.09
377,749.95
133,426. 76
106,804.81
1,337,130.47

3,928, 382. 12
4, 339, !IM. 20
4, 327, 661. 22
4, 532, 0!12. 38
4. 007, 13~. 45
4, !134, 702. 07
4,610, 1\68. 32
4, 653, 769. 77
4,777,893. 21
5,051, 10.s. 93
5,061, f\3~. 17
5. 051. 759. 36
5, r,51. 759. 36

'6,730, 77
219,623.07
156,646.15
251,625.00
37,179.48
151,520. '6
258,203.33
8,000.00

48,801.68
54,308.83
217,836.69

$104,301.96
305,812.50
2<J3, 900. 00
166,750.00

8, 867, 483. 32
354,050.00
851,492.50
817. 500. 00
608. 400. 00
328,000.00
1,087,068. 74
1,079,960.00
• 152,6/ill.OO
180. 000. 00
522,500.00
80. 500.00

64.om.oo

I

3, 461, 223. 67

$13, 712.19
50,438.24
16,745.88
19,806.90
165,270.39

$401,3<;(). 00
662,833.33
738,500.00
681,000.00

6. 126. 121. 24

1937

JBnuary __________________
February _____ .. _. ________
March ___________________
A priL ___ .. ______________
May _____________________
Jnne _____________________
July ______________________
Au~ust ___________________
September _______________
October __________________
November _______________
December ________________

600,250.00
231,400.00
321,333.33
386,900.00
440,900.00
123,000.00
174,500.00
151,750.00
119,000.00

-------------------215,000.00
2, 776, 533. 33

49,550.00
9,886.53
141,857.14
1, 330, 821. 93

75,000.00
525,000.00
1, 299, 300. 00
1, 602, 625. 00
2, 265, 042. 49
4, 658, 985. 00
4, 728, 266. 00
8, 298, 532. 49
8, 589, 001. 49
6, 595, 532. 45
1,717,488.18
4, 370, 496. 31

32,000.00
157,783.00
66,390.69
899,660.02
656,931.65
418,839.56
413,064.72
457,885.00
634,408.68
1, 269, 894. 53

12,500.00

Total ______________

5, 049, 11118. 46
5,214,912. 69
5, 153, 723. 15
5, 348, 763. 60
II, 266, 850. 67
5, 356, 196. 28
11,541,347.M
II, 484, 484. 77
II, 44R, 214. 75
5, 436, 539. 50
II, 350,251.65
5. 361. 415.14
5,361,415. 14

116,584.55
119,092.41
62,174.85
73,052.06
64,862. 78
36,270.02
61,225.25
96,174.38
130,693.611
1,021, 166. 15

1938

January
__________________
. ____ ----·-----Fehruary
March ___________________
A priL ___________________
May _____________________
Jnne _____________________
Jnly ______________________
August ___________________
September _______________
October __________________
November __ --------·---December ----··---------

I
I
I
I

14,400.00

Total •• -----------1==44,=7=2=5,=8=69=.=41=1===5=,0=2=1=,2=57=·=85=1
Grand total________
65,561,192.30 I
12,906,240.00 I

I

II, 240, 00. 93
5,129,546. 59
4, 983, 940. 15
11,024,233.53
4, 976, 335. 88
II, 613. 049. 96
6,227,923.40
6, 496, 491. 09
6, 354, 936. 18
6, 481, 02.1. 96
7, 001, 3'9. 62
8, 177, 182 48

134,931.21
111,337.34
177,606.44
117,489.62
114,288.34
262,945.94
42,058.21
150,271.87
554,619. 63
331,797.22

114,043.02
• 94,101.67

' 2, 205, 490. 51 j===8=•=1=77=•=1S='2=.48=

, 4,129,051.52

I

s. n1. 1s2. «

TOTAL, LOANS TO PUBLIC BODIES TO AID IN FINANCING PROJECTS AUTHORIZED
UNDER FEDERAL, STATE, OR MUNICIPAL LAW
[Under sec. 5d of the Reconstruction Finance Corporation Act, as amended)

u:~

1938

1
- ____________________ --------$337, ooo. oo- ________________________________________ --·-·-··-- _______ _
June_____________________
5,900,491.81
July---------------------1,035.000. 00
$2,426,991.81 ____________________
$2,426.991. 81
August _____________ . ____ .
1 6,630.000. 00
2,426.901. 81
September ___ ------ __ ._..
• 22,025,000.00
2,161,000.00
4, 5-'>7, 991.81
October__________________
47,622,100.00
17,195,525.92
$17,069,525.92
4. i2.1. 991.81
November_______________
3,302,500.00
206,000.00 ____________________
4,929,991.81
December --- ___ ---- ______ t---=3,'-::8:--:13:-.-:-0:::36=-."'oo=-~---,:::3=-,6:::7:-:-1'-:,53=6.-::00::--l--:-'-:-l::'-,-::800-::::'-, 036=-.oo=-·1--_;,6:...,h()_l,:...4_9_1....,.81
7

Total ____ ---------- 1=='is9:a'0,=::7ci'55a",=i'l27~.a=:8'c=t:==s2ai5c'=,66~'·=,0;,53,i'.'i;7ii'3=1===c'=cl8-;f.,~eai59~,~56ail=;.92~,[==~6,=80~1'=4~9=1.~81
Grand total________
90, 755,127.81
25,661,053. 73
' 18,859,561.92
6, SUI, 491. 81
Bee footnotes at end of table.

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:,

.:.::

REPORT OF RECONSTRUCTION FINANCE CORPORATION

73

6.-Amount of authorizations, disbursements, repayments, and other reductions, and amount outstanding from Feb. 2, 1932, to Dec. S 1, 1938, inclusive, by
classes and months-Continued

TABLE

TOTAL, SEC. 69 OF THE RECONSTRUCTION FINANCE CORPORATION ACT, AS
AMENDF.D
[Loans on the assets of closed banks and trust companies]
Amount of
authorizations

Year and month

Amount or
disbursements

1

Amount of repay.
ment ~ an<l nt her
reduc~ions

Amount out•
stanrlin~ at end
of period

1934

July......................
$17,216,47'.66
$17,216,395.49 ................... .
Au!!IISt................... .......•............ .......•............
~35, 937. 38
SeptPmber............... .............•...... ......•••...........
204.111.45
October..................
12,0/U,315.61
22.500.00
142,394.72
Novemhcr .•. ............ ............ ........
1,100,079.17
153. 737. 73
December.. . . . . . . . . . . . . . .
49, 801. 26
6, 900, 000. 00
3, 469, 866. 81

$17. 216. 395. 49
rn, 780. 458. u
rn. 576. 346. 66
16, 456, 451. 94
17,402,793.38
19, 832, 926. 57

Total. ....•.•......

29,347, 591. 53
24,238,974.66
4, 406, 048. 09
19. 832, 926. 57
l=======l=======l========I=======
79. 98P.. 24
13,211. 53
4. 495,635.95
15,350,502. 16
Fehruary .••.••• •••••.....
102. 05P. 90
48, 9.5.5. 12
1,495,516.99
13,903.940. 28
l\farch.. .•... .•....•.•..
193, 0.54. f\.1
82, 387. 25
1,658,318. 15
12, 32~. 009. 38
~ priL... ..... .. . .... ....
110, 118. 91
92. 672. 4~
1,672.941. 17
10,747. 740. 69
May.....................
82, Rll7. 05
103, 21\l. 78
910,648.62
9,940,353.85
June.....................
11,231.136. 44
91,233.42
6, M7, 406. 73
3,444, 180. 54
July......................
111. 000. 00
10, 468, 138. 63
2, 219, 715. 11
11, 692, 604. 06
August...................
164. 430. f,5
84,471.17
2,260,240.37
9,516,834.86
September...............
75. 135. 91
42,367.47
770,977. 06
8, 78-~. 225. 'Z1
October..................
8,594.84
63,605. OR
7,310, 770. 92
1, .541, 059. G
November...............
8,690.00
31. 443. 48
21. 775. 59
1,550. 7'ZT. 32
December................
23, 500. 00
652, 657 07
25, 176. 81
2, 178, 207. 58
1935

January..................

Total.. .•..••...•..

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

12,190,576.57
11, 7i4, 404. 48
1936
January..................
817,792.59
2", 380. 11
February.•.•..........•...•••........•...... •········•···· ··· ·· ·
March...................
26, 29R. 85
15, 4R4. 77
April................. . . . .
23, 750. 00
40, 283. /i4
May.....................
4. 426. 14
265. 670. 17
June.....................
27,578.98
62, 730. 24
July...................... •...................
9. 730. 19
Auimst....... .. ... .. ..•.. . .•........... .. ... .
19,843.01
Beptembm-..•............
13. 173. 07 ••••••••••••••••••••
October..................
151, 6%. 98
24,287.80
November...............
71,251.47 .•••.•••••....•..•.•
December ... _............
131,590.43
JO, 493. 74

29,429,123.47

2,178,207.58

973,815.47
33,649.83
27,036. 63
23, 550. 36
!lO. 561. 69
40,041. 16
41,535.47
62, 260. 33
16,004.49
31. 750. 86
23, 882. 00
34, 604. 18

1,232,772.22
l, 199,122.39
I, 187,570.63
1,204,303. 71
1,439,412.19
1, 41l2, 101. 'Z1
1,430,295.911
1, 387, 878. 67
1,371,814.18
1,364,351.12
1, 340, 469. 12
l, 316, 358 68

Total. •••.....•....

1------

1, 338,752.47
1,316, 3;,s. 68
1. 267, 5/i8. 51
476,903.57
1937
l=======l=======l========I=======
January..................
74. 758. 67
33,065.45
1, 283. 293. 23
1, 28.1, 678. 48
40,573.66
February................
43. 5M 68
40. !AA. 41
March...................
62,737.09
27,578.62
1, 256, 099. 86
21,400. 77
• priL .. . . . . . . . • . . . . . . . . . .
1, 204, 000. 00
23. 084. 65
1,257, 777. 74
1,231,935.98
May.....................
1.54, 800. 00
30,596.44
56. 438. 20
1, 203, 409. liO
June.....................
359,447. 82
28,526.48
23,145.92
July......................
54,000.00
75. lfi9. 55
1, 255, 433. 13
1, 192, 018. 98
71,414.15
Au~ust..... ..•...........
I, 457, 186. 64
8. 000. 00
1,171,623.40
September...............
21,349, 3M. 17
7. 059. 47
'ZT, 455. 05
1,174.123. 87
October..................
167. 300. 00
29. 940. 00
'ZT, 439. 53
101, 3<4. 31
1,233,918.41
!\ovember .. .............
• 37,525.00
41,589. 77
3,407,041. U
December................
110,600.00
2, 429, 015. 79
255,892. 79

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

1-------1

3,407,041.41
• 25,075,307.07
2,744,823. 87
654, 141. 14
1=======1=======1,=======1=======
1938
January..................
19,868,888.12
159.292.62
267,676.73
3, 298, 657. 30
February................
163,750.00
59,415.61
89,326.32
3, 26~, 746. 59
3, 34,, 4~3. 97
March...................
251,600.00
123,111.84
43,374.46
6, 880, 591. 54
April.....................
212,239.00
4,322,578.48
790,470.91
'-lay.....................
402,500.00
287,318.95
334,551.60
6. 833, 35>!. 89
6, 146, 463. 89
June.....................
,ol, 252. 18
84, 84-8. 07
771,743.07
5, 499, 960. 95
July......................
2R,750.00
121,3S7.87
767,890.81
4, 614, 8fi3. 74
Au1mst...................
24,318 00
92,399.16
977, 50f>. 37
September...............
87,500.00
120,581. BS
• 587,507.11
4,147,928.46
October..................
800. 00
141, 520. 18
510, 704. 24
3, 778,744.40
3,631,323.15
1':ovemb!'r .. .... ...... ...
.54, 925. 00
180,078.14
327,499.39
3, 8S5, 46fl. 70
December.•.............. _ _ _ _2_0.c.,_oo_o_.00_ _ _ _ _2_8_1,_0_53_._8_9. _ _ _ _56-'-,_91_0_.34_
1
1
3, 855, 46tL 70
Total._............
21.164,522.30
5,973,580.64 I
• 5,525,161.35

I

Grand total. ....... '==~8=9=,0=4=5,=5=55=.=98=

45,208 693. 221==='4=1=,3=53=,=2=26=.=52= '===3,=8=55=,=46=6=.7=0

Ece footnotes at end of tablP.

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74

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorizations, disbursements, repayments, and other reductions, and amount outstanding from Feb. S, 1938, to Dec. 31, 19t8, inclusive, by
classes and months-Continued

TABLE

LOANS ON SELF;LIQUIDATINO PROJECTS
[Under sec. 201 (a), title II, of the Emergency Relief and Constmction Act of 1932, as amended]

Year and month

Amonntof
anthorizations

Amount of
disbursements

1

Amount of repayments and other
reduction.~

Amount outstanding at end
of period

1932

Septembec_ ______________
October__________________
November_______________
December________________

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

$53,105,000.00
79,932,880.00
4,324,744.00
8,412,910.24

$360, 000. 00
15,377, 000. 00

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

$360, 000. 00
15, 737, 000. 00

-------------------1--------1-------,--------1------TotaL _____________
145,775,534.24
_______ ----- ---- - 15, 737, 000. 00
15, 737, 000. 00
_..,

1933

January__________________
8,945,100.00
Febmary________________
24,810,372.20
March___________________
17,759,425.35
April_____________________
5,001,678.47
May_____________________
1,784,525.64
June_____________________
16,233,801.56
July _________________________________________ _
August ______________________________________ _
September _____________________________ .. ___ _
October__________________
'2,180.24
Nove1nber __________________________________ _
December________________
'1,123.80

TotaL ____________ _

74, 538, 207. 26

----- ------------------------------------- -- -----------$20,000.00
20,000.00
7,000.00

18, 337,000. 00
18, 664, (JOO. 00
20, 684, 000. 00
25, 126, 000. 00
27, 113, 262. 06
29,457,240.46
36, 811, 285. 97
40,220, 148. 15
46, 658, 661. 57
53, 895, 113. 20
57, 629, 061. 07
60, 781, 605. 70

45, 105, 105. 70

60,500.00

60, 781, 605. 70

6,841, 70,'r. 20
752,344.00
7,473,840.60
2, 448, 986. 08
6,372, 748. 88
4,574, 251. 26
3,580,790.34
11, 283, 562. 64
4, 014, 385. 13
2, 022, 201. 19
7,190,579.54
5, 696, 941. 13

2~,499.46
2, 334, 000. 00
1,008,667.50
32,487.46
617,004.02
43,012.55
562,878.78
185,745.00
131,625.00
1,019,382. 37
2, 363, 500. 00
2,400.00

67, 341,813.44
65,760,157.44
72, 225,330. M
74,641,828.17
80,397,573. (J:!
84, 928, 811. 74
87, 946, 723. 30
102, 927, 301. 07
103, 1130, 119. 89
108, 757,199.43
114,451, 740. 5G

62, 252, 336. 99

8, 582, 202. 13

114,451, 740. 5G

2,727,873. 79
3, 727, 000. 00
5,083, 975. 31
2, 228, 000. 00
3, 027, 000. 00
9, 158,389. 19
2, 931, 500. 00
6, 345, 955. 52
13, 650, 000. 00
2,843,000.00
4, 960, 558. 33
3, 040, 000. 00

46,395.34
1,318,500.00
1553,008.45
63,500.00
10,986.73
3,929.29
831,024.10
156,856.64
68,254.68
2, 808, 563. 42
18,000.00
29,871,614.32

59, 723, 252. 14

35, 750, 632. 97

138, 424, 359. 73

7,463,054. 95
3, 029, 480. 51
4, 929, 626. 03
4, 085, 000. 00
9,027, 574. 84
1,479,000.00
5, 942, 044. 44
5, 862, 402. 84
4, 428, 000. 00
4,710,882. 89
3, 600, 000. 00
3, 600, 000. 00

49,896.03
1, 371, 661. 02
573,443.76
131, 7111. 91
65,000.00
5, 536, 361. 24
138, 262. 06
28,000.00
41,331.65
33,147.64
80,352.36
2,215,470. 51

145,837, 518. 66
147,495,338.14
151, 851, 520. 41
155, 804, 788. 50
164,767,363.34
160, 710, 002. 10
166, 513, 784. 48
172, 348, 187. 32
176,734,855.67
181,412.590. In
184, 932, 238. 5G
186, 316,768.05

58, 157, 066. 50

10, 264, 658. 18

186, 316, 768. 05

2, 600, 000. 00
327,000.00
2, 020, 000. 00
4,442,000.00
2, 007, 262. 06
2, 363, 978. 40
7, 361, 045. 51
3, 408, 862. 18
6, 438, 513. 42
7, 246, 451. 63
3,733,947.87
3, 156, 044. 63

- ------- ----------- -------------------10,000.00
-------------------3,500.00

1'934

January _____________________________________ _
February________________
' 124. 63 _
March ______________________________________
April__ ______________ - --- - -- ---- ------------·May _____________________ -------------------June_____________________
, 484. 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
1935
January _____________________________________
_

~!~ary ___________________________________ _

tfa1-------------------____________ ooo. oo_
i~;--------------------- ______ 36,ooo, ooo. oo_
53,

August___________________
7,000.00
Septebm
ber________________ -- -------- -- ------_
October _____________________________________
November _______________ -------------------December _______________ -------------------TotaL. ___________ _
36, 060, 000. 00

99, 044, 540. 94

117, 133,219.01
119,541,719.01

124, 072. 685. 87
126, 237, 185. 87
129, 253, 199.14
138,407,659.04
140, 508, 134. 94
146, 697, 233. 82
160, 278, 979.14
160,313, 415. 72
165, 255,974.05
138, 424, 359. 73

1936

Janusry _________ ------- __ -------------------February________________
5,432.50_
March
______________________________________
April__ _________ -_- __ --- -- -------- -- --- -- -- -- May--------------------57,500,000.00
June ________________ ----- -------------------July ____ ---- -- -- --- -- --- -- -- --- -- ----- -- --- -- August ___________________ -------------------September ________________________ ----------October _____________________________________ _
November _______________ -------------------December________________ -------------------Tota!_ ____________ _
57, 505, 432. 50

I======

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REPORT OF RECONSTRUCTION l!'INANCE CORPORATION

75

6.-Amount of authorizations, disbursements, repayments, and other reductions, and amount outstanding from Feb. 2, 1932, to Dec. 31, 1938, inclusive, by
classes and months-Continued

TABLE

LOANS ON SELF-LIQUIDATING PROJECTS-Continued

Amount of

Year and month

authorizations

I

I

Amount of

di.:ibursements

Amount of repayments and other
reductions

Amount outstandin~ at end
of period

1937

January__________________
$5,000.00
February ___________________________________ _
~.[arch. __________________ _______________ - . ---

April_____________________

60,000,000.00

'hy _____________________ --------------------

June _____________________ -------------------July ______________________ ------------ --------

August __________________ . ___________________ _

St'ptember ______________ . ___________________ _
October _________________ . ___________________ _
Noven1ber _______________ -- -----------------Deccmtx-r ___________________________________ _

$5,184,000.00
6,525, h\16. V2
I, 837,000.00
6,572,704.08
3, 600, 000. 00
3,384,000.00
3,600,000.00
1,800,000.00
4, Oli2, 144. 15
3, fiOO, 000. 00
1,800.000. 00
3,600,000.00

__,

$21,049.56
13,000.00
57,500.00
87,066.35
64, 802. II
41,662.61
105,398.37
58,800.00
31, 100. 00
92, 500. 00
41,911.62
54,578.02

________ ________
,

Total. _____________ '===60=·=00=5,=000=.=oo=i,==4=5=,585==·7=4=5.=1=5='====6=69=,=368=.64=
1938

January__________________
58.~. 000. 00
February________________
165,000.00
March ___________________ -------------------Apri!_______ __ __________ __ __ __ ___________ ___ __
~lay _______________________________________ . _

June_.___________________ _____________ ___ ___ _
July __________________ .___ ______ _________ __ ___
August ___________________________________ . ___
September ___________ .___
125,000.00

1,800,000.00
1,800,000.00
3,600,000.00
3,932,000.00
3,548,882.98
I, 476,000.00
5, 8fi0, 125. 91
I, 476,000.00
1,476,000.00
I, 476,000.00

Octob<-r. _. ____ _______ ____ _____ _________ __ ____
Noven1her ___________ ---- -------------------- -------------------December___________________________________
4,384,125.91

$191,479,718.49
197, W2, 615. 41
199, 772, 115. 41
206, 2,,7, 753. 14
209, 792, 951. 03
213, 135, 2ii8. 42
216, fi2U, 800. 05
218,371,000.05
222,422,134.20
225, 9W, 634. 20
227,687,722.58
231, 233,144.56

I

4, 107,005. 79
3,216,554.03
ll7, 200. 00
489,971.83
84,010.23
6, 065, 926. 83
64,089,207.42
I, 500. 00
91,000.00
70,000.00
44,382.16
13,582, 9.19. 75

231, 2:l3, 144. 56
228,926, 138. 77
227,509,584. 74
230,992,384. 74
234, 4:14, 412. 91
2.17, 899,285.66
233, 309, 358. 83
185,080,277. 32
181l, 5M, 777. 32
187,938,877.32
189,344,877.32
189, 3(Xl, 495. 16
180, 101,681.32

Total. _______ . ____ _
875, ooo. oo=l===3o=·=829=,=13=4=.80=l==•"'8=1,=oo~,o=,=5os=.=04=l,==1=so=·=10=1=,68=1=.
32
I======
Grand tot,.(. _______
400,092,487.36
317,389,641.28
I 137,287,959.96
180,101,681.32

I

LOANS FOR FINANCING REPAIR OF DAMAGE BY EARTHQUAKE, FIRE, TORNADO,
OR CYCLONE IN 1933
[Under sec. 201 (a) (6), title Il, or the Emergency Relief and Construction Act of 1932, as amended]
1933
May_____________________
$1,000,000.00
June_____________________
9,450 000.00
July _________________________________________ _
August_ ___________________ ----------------- --

September _______________
October _____________ ----Xovember _______________
December___________ -----

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

$1 18, 200. 00
5fi0, 695. 00
492, 92.5. 00
442,786.00
301. 766. 61
305,686.50
258,845.22
280,082.56

-------------------$2,100.00
8,675.00
22,000.00
5,150.00
40,325.00
11,525.00
1,000.00

$JIB, 200. 00
676, 795.00
1,161,045.00
1,580.931. 00
I, 877,547.61
2,142,908.11
2, 390, 228. 33
2 669, 310. 88

2, 760, 985. 88

91. 675. 00

2, 669, 310. 88

1. 566, 897. 78
I, 313,142.53
2, 527, 798. 81
76,059.80
26,463.68
29. 123. 75
30. 839. 33
49,884.99
23,869, 63
20,598.92
11,218.61
22,608.51

81,937.00
JO, 825.()o
15,100.00
21,536.29
3, ll50.00
1,525.00
19. 372. 61
22. 338. 43
3,612.50
22. 520. 52
10,472.09
71,060.00

., 154,271.66
5, 456, 589. 19
7, 969, 288. 00
8,023.811. 51
8, 046, fi25. 19
8. 074. 223. 94
8, 085, 690. 66
8. 113, 237. 2Z
8. ma, 494. 35
8,131,572. 75
8,132,319.27
8, 082, 977. 78

5. 698, 506. 34

284,839.44

8, 082, 977. 78

:--------1--------1--------1-------

Tot~~;~- ____ ------1l===I0=•=4=50=·=000=.=OO=I,=======
January _____________________________________ _

U~'
li":'?.-_~: :: ::: :::::::: ::::::::::::::::::::
April__ ___________ -------- - --- ----------------

May ________________________________________ _
Tune ________________________________________ _

Tuly_________________________________________ _
August. _____________ ---- - ----------------- ---

September ______________ - ------------------ -October ____________ ----- - -------- -----------November ______________ - -------- ---------- -December_____ -------- - -- -------------------- - -. ____________
-----1
Total_ _____________ l
, ______
_ --------1--------1------I

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76

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorizations, disbursements, repayments, and other reductions, and amount outstanding from Feb. 2, 1932, to Dec. 31, 1938, incl,uive, by
classes and months-Continued

TABLE

LOANS FOR FINANCING REPAIR OF DAMAGE BY EARTHQUAKE, FIRE, TORNADO,
OR CYCLONE IN 1933-Contlnued

Year and month

Amount of
authorizations

Amount of repay•
ments and other
reductions

Amount or
disbursements

1

1935
Januarv.................. .•............••••..
$30,392.32
February....................................
728.86
March.......................................
2,260.00
April.. ..•..•..........•.....•...•.........••• ··•••••·•••···••···•
May..................... . .• •.• .. .. . ...••..•.
29, 750. 00
June .•.•..............•.....•.•.•.•.•..••••.• ·•··••••••··•··•····
July..........................................
3.600.00
August..•..................•••••••••.••••••.•.••••••.••••••••••••
September .•••...............••.....•••••.....•.•..••.•••••.....•
October.................. . • .. .. .• ••. . . • • • .. • •
262. 60
November............... . . . ... . . • . . . . .•. .. . .
1, 200. 00
December•....•.......•........••..................••.••••••••...

$«.359.82
8,680, ol6
2,835.00
31,384.37
I. Mt.14
18. 142.80
41,382.00
12. 235. 60
11, 2:79. 60
28,238.72
71. 272. 40
1. 744,86

$8 069. 010. ~

273,099.67

7,878,061. 79

61,610.59
4,264.50
6,483.25
26,699.08
21,516, 50
4,067.25
66,693.11
8,802.21
9,068.25
34,877.55
94. 108.00
621,107.93

7, 827, 35 I. 20
7, 823. 086. 70
7,816, IJ(l3.45
7, 790. 004. 37
7, 768, 487. 87
7, 764, 420. 62
7, 697. 7T,. 51
7, 688, 925. 30
7. 6i9, 857. 05
7. 644, 979. 50
7, 550. 871. 50
6, 930. 063. Sl

949,198.22

6, 930, 063. rll

74,962.89
13, 015.op
7.055. 72
40,254.85
15,286, 17
16,136.67
62. 208. 82
12,571.00
2, 300, 563. 00
35,576. 72
5,729.20
8,933.26

6, 855, 110. 68
6, 842. n~.,. 68
6. 8.15, 0'.!9 96
6, 794, ; 85. Il

6, i79, 498. 94
6, 763, 594. 47
6, 701, 385. 65
6, 688. 814. 65
4, 388, 251. 65
4, 352, 67 4. 93
4, 341\, 94i. i3
4. 338,012.48

2, 592, 283. 29

4; 338. 012. 48

74. 631. 48
36,158.01
58,080.17
72,076.52
146, 13!. 75
181. 396. 60
2. 957, 199. 40
2,006.30
11,296.18
2,368.67
2,384.02
• 15,829.99

4. 263. 38 l. 00
4. 097, OM. 30
3, 9.',0, 934. 55
3. 769, 5.1,. 9.S
812,338. 5.1
810,332.25
809. 036. 07

• 3, M9, 558. 99

788. 45.1. 49

' 7, 740. 654. 61

788,453.49

68, 183, 68

Total. •••..............................

1936
January.................. .•....•.............
IIOO. 00
February...•.•....•.......................... •···•··············
March .......................................................... .
April ...•••....•.•..•.......•..........•.•.•....••.•.••...••••.•••

~~t::::::::::::::::::::
:::::::::::::::::::: ::::::::::::::::::::
July ............................................................. .
August .......................................................... .
September ...................................................... .
October ......................••...•.•••..•......•.•...••••••.....
November ...................•.....••.•..••..••....•..••••.......
December................ . • . ..... .• ..••......
300. 00
Total .........•......••....••..........

1,200.00

1937
January ................••.........••.•........•••.•.••..•.•••....
February ••.........•••...•.•.•.•••.•.•...........•.•.••.........
March .........•..........•••...•..•..............•.•••••........
April.. ..............•.•...•••••••••••.•...•............•.........
May ......................••..••••......•.........•••.•••........
June.....................
$232. 20
232. 20
July .•..••••....•.•••..•.....•.•.••••..•.•••.....•.•...••..•••.•..
August .......•....•..............•....•........•.....••..••......
September ..•.....••.........•..•..•.•........•......••..•.......
October...........•••.....•..........................••.•••......
November ..•.......•.•...................•...........•.•••.•....
December.•.........•.....•.............•......•..•.•...•••...•..
Total ...•....•.....

232. 20

232. 20

1938
January ........................................................ .
February .......•............••.•....•.••.•..........•••..•••.•••
March .. ·····•··----·· .......................................... .
April.. .......................................................... .
May ..•.........................•.........................•......
June ..•.••...•.•..........•..••..•........................•••....
July ....••.•.•••.......... ···············•···· ............••••..•.
August .......••..............•.•....•.•...•..••....•........•..•.
September ..••............•....••.........•...•........•.••••.•••
October ...•.••......•.........•.........•........••.....•••...•..
November •.•.........•...••.••.••......•.... ·····-··············
December.•.••........•...•.•••.•.•.....•.....•..•....•.•••......
Total. ••••••..•.....•..••••••.•••••.....•••••.•.•..........
Grand total. .•.....

10, 450. 232. 20

I

8,

529, 108. 10

Amount outstanding at end
of period

See footnot£s at enh ol table.

Digitized by

Google

8. 061, 058. 68
8, ooo; 473. 68
8, 029, 089. 31
8,057.295. 17
8, 039, 152. 37
8. 001, 370. 37
7, 989, 134. 87
7, 977, 855. 27
7, 949, 879. 05
7. 879. 8()6. 65
7. 878. 061. 7V

4, 227, 222. 99

4. JR9. 142. 82

806. ~67. 50

4-8
788, 45.1. 49

804, 2'3

77

REPORT OF RECONSTRUCTION FINANCE CORPORATIO~

6.-Amount of authorizations, disbursements, repayments, and other reductions, and amount outstanding from Feb. 2, 1932, to Dec. 31, 1938, inclusive, by
classes and months-Continued

TABLE

LO.ANS FOR FINANCING OF EXPORTS OF AGRICULTURAL SURPLUSES
[Under sec. 201 (c), title II, of the Emergency Relief and Construction Act of 1932, as amended]
Amount of

Yrnr and month

authori1nt '.on~

AIT!onnt of

d :shursemcn t-,

1

1933
July ..... •--·------------·
$52,851,247.22
August
...
------··-····-·29, 2115....
58 .
September. _________ ........ _____________
October ...... ________ ... _ ..... ··-· .. ··-·-·· ..
November .. -------·····- ··---•···-·-···-···.
December..... _________ ..................... .
52, 880, 1;42, 80

Total.._.---------1934

January _________________ .
February ________________
March.·-··-·-----·--·-•\JlriL.--·------···---·-\faY.----·----·-··---·--·
Junr .. •----·----·-·--·-··
JulY.·-·····-··---··--·-·-

·-· .. ________ ...... .
··--------·-· .... ·-·
-····----······· ·-··
··•·---·-· ·-· ··-····
-·-·--·-·-·······-··
·-···---·-·--·····-·
··-····-·-··-···-···

AU!;USt .... ·-·. __ •.. ·--- ... ··-·-·· ·-·--· .. ·-·.

September _______ ·---·· .. --·---·--- ...... _...
October. ________ ...... _..
353, 762. 80

:N'°oYernber __________________________________ _
December_______ ·-·--·-··
136,649.62

Total ___ ----·----··
1935

400,412, 42

Amount outstandin7 at end
o! period

A mount f;f rC'paymr1 ts Rnd 0ther
rrciuctions

$1,497,503.38
1, 003. 900. 01
341,170.88
257. 538. 30
609. 080. 03
2, 533, 445. 78

$55,857.49
38,004.59
17, 6.'l6. 57
135,975. 72

$1, 497, 503. 38
3,401,493.39
3, 686 806. 78
3, 906. 280. 49
4, 497, 723. 95
6, 895, 194. 01

7, 142. 728. 38

247,534.37

6, 895. 194. 01

2, 233, 987. 48
1, Of>5, 488. 51
I, 076. 848. 69
1. 332. 2IO. 82
489,149.15
I, 255, 57 5. 38
4. 216,643.84
32. n88.33
180, Ofi2. 29
771,569.45
132,761.48
269,529, 17

85,324.07
50,803.84
78. 009. 67
68,004.00
53,770.84
58 932. 98
2. 978. 223. 37
342. 496. 98
IOI, 811. 34
509,234.02
356,640.80
85. 756. 30

9, 043, 857. 42
10, 052. 542. 09
11,051.381. 11
12,314.686. 97
12,750,065. 28
13, 94ij, 707. 68
15, 185, 128. 15
14,875,319.50
14. 953, 570. 45
15,215, !l05. 88
14, 992. 026. 56
15, 1i5, 7V9. 43

13 056, 514. 59

4, 775, 909. 17

15, li5, 799. 43

l======i======i'=====•I=====

19, 103. 32
February_··-··--·-·--··-- ··-----·---·-··-····
6,974.45
219,539.62
"farcb .... ·-·---··-······ -·-----···-···-·····
9,225.36
April..._·····-·-··········-··················
9,143.88 ··-•-···--··········
36, 139. 66
"fay····-···-····-·•-······-············---·····----·········-···
394, 766. 90
>une __ ·---··----·------·· ··-················· ····-··--···········
15,091.94
July····---· ______________ ·-·· .... ·--·-· ...... ·---·-·--· .... ··-·-·
i'•ptember _______________ ··-·· .. ··-·· .. ·-·- .. ·-----·-·--·----· ·-·
216,436.21
December________________ ··-·· ............ _.. -·-· ...... ··-·--· ·-273,104.63

15, 163. MO. 56
14. 9.i3. 306. 30
14,902, .100. 18
14. 92fi. 3<0. 52
14,531.593. f,2
14,516,501.68
14, 300, ~5. 47
14,026, 9W. 84

Total.--------··· .. ········-··· .. .. ...
25,343.69
I, 174,182.28
14,026,960.84
======l======l======l=====
1936

March ______________ ·-··· ...... ····-·-······· -·····-···--········
~ priL ________ . -----•-· .. -··· ·- ... ·-· ··-· .............. - ........ .

442,677.06
13, 537. 387. 79

13, 584, 283. 78
46,895.99

Tota) ________ ··-············-··········-····--·-----·······

13,980.064. 85

46,895.99

1938
August·---------·-·--·--·

10, 000, 000. 00
"· 000. 000. 00
5, 000, 000. 00

30,000,000.00

October. ___________ ·--··- -·-· ... ·-······ -· ...
December-------·-····--- ···················Total._---····-·---

30, 000. 000. 00

Grand total.---·--·

83. 370, 9.15. 22

(•)

20, 000, 000. 00

I

40, 224, 586. 66

IO. 046, 895. 99
15, 046, 8(15. 99
20. 046, 895. 99
20. 046, 89,i. 99

• 20,177,690.67

20, 046, 895. 99

LOANS FOR FINANCING OF AGRICULTURAL COMMODITIES AND LIVESTOCK
[Under sec. 201 (d), title II, of the Emergency Relief and Ccnstructlon Act of 1931!)

193'2
Au!(U6t .. ----------···-·-·

$50,000.000. 00
1, fOO, 000. 00
474,740.63
$4.il, 580. 12
$2,034.55
$449,545. 57
830, 276. 97
3, 541. 00
1, 276, 281. 54
~ovember _ -------------·
129,616.60
December______ . __ . __ •• _.
2, 671, 563. 44
158,117.00
109,881.40
1,324,517. H
1--------1--------1--------1------1,439,974.09
115,456.95
1,324, bl 7. 14
TotaJ ___ ---------··
54,775,920.67

September _____ .. -· ..... _
October ___________ .______

1=======1=======:1=======1======

1933
ranuary _____ ---------- ...

February_ -- ------·-··•·March _______ - -- - - -- .. -- .
i\priL ____ - - - - - -- - - -- - . - ..
May _______ -- -- ------·-·.
lune ______ ------·-----·. See footnotes at end of table.

281,802.20
438,000.00
60,000.00
472,829.43
M,000. 00
174,280.00

32,302.20
75,295.96
104,024.04
1, 449, 879. 30
465, 354. 37
212,668.80

144,281, 14
60,159.60
126,566.04
110,270.37
186,657.37
194,508, 91

Digitized by

1, 212. 538. 20
I, 227, 074. 56
1, 204, 532. 56
2,544,141.49
2, 822, ij38, 49
2, "40, 998. 38

Google

78

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorizations, disbursements, repayments, and other reductions, and amount outstanding from Feb. 2, 1932, to Dec. 31, 1938, inclusive, by
classes and months-Continued

TABLE

LOANS FOR FINANCING OF AGRICULTURAL COMMODITIES AND LIVESTOCK-Con.

Year and month

Amount of
authorizations

t

Amount of repay.
ments and other
reductions

Amount of
disbursements

Amount out•
standing at end
of period

1933

July ..................... .
August .................. .
September .............. .
October ................. .
November .............. .
December............... .
Total. ............ .
1934

$262, 2.'iO. 00
190, 000. 00
2, 022, 500. 00
251,229,000.00
124, 164,690.24
442,551.00

$608, 800. 95
110, 290. 93
27, 649. 65
652,051.93
32, Z74, 428. 44
34,090,189.73

$1/5, 824. 97
385,441.32
379,314.31
59,601.55
1, 047, 568. 45
400,066.10

$3. 293,974.
3, 018, 823.
2, 667, 159.
3, 259, 609.
34,486,469.
68, 176, 593.

36
97
31
69
68
31

379, 792. 902. 87

70,102.936. 30

3, 250. 860. 13

68, 176, 593.

a1

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

l=======l=======l=======I==~====

January..................
Febmary................
March...................

49,015,000.00
3, 095, 000. 00
887,000.00

67,006,104.34
29, 113, 446. 61
17,890,089. 72

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

250,000.00
9,840,000.00
300. 183. 59
250,233,072. 15
88,982,046.96
1.54, 000. 00
23,418,850. 38

427,416,153.08

44,107,365.98
24,873,981.21
915,322.65
2,538,337.65
8,297,917.04
8,053,476.66
10,679,849. 79

607,189.13
5,616,310.04
9, 869, 292. 49
6,461,093. 35
l, 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, 575, 508. 52
158, Oi2, 645. 09
166,093,442. 32
167, 368, 65 I. ,,o
171, 97.5, 981. 70
206, 092. 0,57. 79
161,078, lf>-1. 8.5
112,007,116.00
80, 111, 157. 80
48, 726,431. 22
36, OM. 516. 51
37,682.412. n

'lll, 143,991.03

258, 238,171.57

37,682.412. 77

8,562,577.91
5, 133, &'i3. 84
7, 377, 654. 86
11, 600, 244. 81
9,501, 1:n. 66
98, 535, 129. 02
94, 098, 794. 59
19,428,787.60
9, 346, 380. 34
5, 0!,7, 571. 55
2,478,662.41
l, 770, 693. 25

b, 831, 905. 61
4, 843. 092. 57
3,089, 285. 77
818,795.24
2,413,363.80
6, 231, 354. 15
10, 635, 401. 38
1, 143, 098. 97
119,749.10
83,653.50
343,728.01
260,244.79

40,413,085.07
40. 703, 646. 34
44,992,215.43
55, 773. 66~. 00
62,861,432.86
156, 165, 20i. 73
239, 728, 600. 94
258, 014, 289. 57
267. 240, 920. 81
272, 214, 838. 86
274. 349. 713. 26
275. 860. 221. 72

272,891,481.84

34, 713, 672. 89

275, 860. 221. 72

30, 037, 386. 99
801,892.37
l, 399, 719. 53
l, 090, 400. 15
2,419,016. 11
12, 340, 950. 47
1, 438, 117. 27
1, 026, 524. 18
2, 938, 098. 92
2,140,081.66
530,725.71
450,764.45

796,208.55
5Z7,453. 05
1,129,047.08
{I, 150, 145. 02
123, 38?, 327. 37
28, 157, 969. 23
71, 426, 840. 04
383,670.21
172,275.91
105,840.03
48,049.95
82. 805.12

305, 101. 400. 16
305, 375. 839. 48
305, 646, 51 I. 93
300, 586,767.06
179, 618, 455. SO
163,801,437.04
93, 812,714.27
94, 455, 568. 24
97,221.391. ~
99, 255. 632. 88
99, 738. 308. 64
100, 106. 267. 97

171,947.084.78

56, 613, 677. 81

232, 36i. 631. 56

100, 106,267.97

January..................
400,000.00
February.................................... .
March ............ •.......................... .

336,124.69
12, 487, 970. 63
43,337.199. 98
24, 120, 654. 49
6, 271, 308. 88
2, 134, 888. 86
1, 779, b78. 94
59, 836, 376. 02
-~76. 206. 07
450,439,45
236,836.28
204,168.10

136, 162,979. 56
124, 022. 303 fi-1
81, 0-24. 31J. 03
57,005,517. ;.;
l>O, 781,696.82
48,758,694. 81
62,037, 85,. 27
2, 965, 922. 22
4,339,743.30
11. 134,030.96
32, 265, 806. 92
64, 054, 461. 06

151, 771. 752. 39

64, 054, 461. 06

tF:t··············••····

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

~~&: g~: ~

~: m: ~~: ~~

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

1935

January ....•..............•..................
February.................
150,000.00
March...................
1,751,013.91
April.....................
762,051.31
May.....................
7,000,000.00
June.....................
50, 153, 000. 00
July ......................................... .
August...................
70,000. 00
September...............
100, 020, 000. 00
October..................
50. 000. 00
November...............
100,075,000. 00
December................
l, 994,117.18
Total. ............ .

262,025, 182. 40

1936

January..................
100,000.00
February.................
500,000.00
March .............. _....
80, 652. 05
April.....................
903, 558. 08
May ........................................ .
June.....................
8,637,112.42
July......................
151,130,762.23
August...................
225,000.00
September...............
225, 000. 00
October..................
10,085,000.00
November...............
60,000.00
December................................... .
Total ............. .
1937

June.....................
July __ ........... ........
August.. .......... '.......
September...............
October..................
November. ... _..........
December................

86,000,000.00
150,030,000.00
175,000.00
3,600,000.00
4, 5fA, 000. 00
76, 350. 000. 00

36, 392, 836. 28
347,294.71
339,207.37
101,861.21
4i,487. 95
Ill, 886, 85
15, Of>S, 741. 40
764,440.97
l, 950, 027. 15
7, 244, 127. 11
21, 368, 612. 24
31, 992, 822. 24

Total. .•..•.•.•....

322, 252. 696. 50

115,719,945.48

tl':~1.~~:::::::::: :::::::: :: ::::: 2,133,696.50
::::: ::::: :::

See footnotes at end of table.

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Google

79

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorizations, disbursements, repayments, and other reductions, and amount outstanding from Feb. 2, 1932, to Dec. 31, 1938, inclusive, by
classes and months-Continued

TABLE

L0AKS FOR FINANCING OF AGRICULTURAL COMMODITIES AKD LIVESTOCK-Con.

Amount or
11uthorizations

Year and month

1

1938
January__________________
$700. 000. 00
Fehruary________________
12. lf>4. 237. 77
,larch___________________
I 9. liS0, 000. 00
April..___________________
50,000.000. 00
,lay_____________________ ___________________

Amount of repqy.
mrnt~ and other
reductions

.\mount or
disbursemf'nts

$17, 4.58. ~-58.
8,717. f.14.
8, 931. 420.
7. 391, 9-1~.

19
42
07

$370,748.14
908. 943. 23
I, 948,779.47
I, 137, 52fo. 5fi
10 I, 48/l, 19,5. 77

38

209,606.38

June. ____ . _______________ _. ________ . ___ .... _________________ .. ___ _

10, 7M. 75
959. 66
950. 00
1,177.01
181. 203. 10
71,698.87
1 75. 00

Amount outstanding at Pnd

of period

$81,142, 5il. 11
88, 951, 242. 30
95, 933, 882. 00
102. 188. 304. 72
909. 716. 33
898. 94&. 58
897,988.92
897,038.92
895,861.91
714, 6.58. 51

July
________
-------------· ___________
------- -- -----··------- ---- --_
ugust..
_________________________
. ______________________________
September _______________ ---- __ . ----------- -- -------------------Ortober ______________________________________ -------- ___ --------Xovember _______________ ----------------·--·
53,000.00
December._______________
60,000.00 ----------·--------Total. ____________ _
72. 564, 237. 77
42. 762. 44'1. 44

• 106,121,023. 56

695,884.94

l=======l~======I
• !, 690, 774. 178. 07
I 787, 274_ 453. 00

• ! 786,578,569.05

695. 8841 94

~

Grand total._______

69,\ 959. 9,
695,884.94

AMOUNTS MADE AVAILABLE FOR RELIEF AND WORK RELIEF

[Under sec. 1, title I, of the Emergency Relier and Construction Act of 1932, as amended)
1932

July______________________
Au~ust.._________________
September_______________
October__________________
No,·emher _______________
December________________
Tota]_____________ _

$3,000,000.00
13,931, 6(19. 00
18,523,502.22
18, i&4, 823. 00
35,958. !17. 00

$3,947,884.00
10,211,699.75
16,818,809.40
20,462,864.12
28,525,784.82

·-------------------------------------·
-------------------·----·-------------·------··-----------

$3,947,884.00
141159, 5,;3_ 75
30,978,393.15
5l, 44l, 257. 27
79,1/67,042.09

112. 492. 873. 22

79,967,042.09

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

79, 067, 042. 09

22 ffll4. 762.00

---------1--------:--------1--------

1933
January__________________
February________________
~larch___________________

49,435, 41e. Oil
48,187,271. Oil
29,650,979.00
48,973.962. 78
11. 259. 498. OU

Aprll.____________________
May_____________________

June _____________________ ------------------··

Julv ···------------------- ______________ __ __ __

!b~·.

I
·----···--·-----·-1 -------------······•
$334,900.00
131, 24,1. 00

ll20, 017, 956. 91

970,085.00

299,014,914.00

~U~: ~

299, 002, 9f>4, 00
WK. !l\J I. 884. 00
29,.
294. 00
29S, 561. 444. 00
2U8, 512,456.48
298,537, 4M. 00
2V8. 521, 45t\. 00
298, 009, 406, 00
298, 005, 590. 00
297, 773. 590. 00
297, 773, .190. OU

i-_ -_-_ -__· -_ -_-_ -_-__·-_-_-_ -_-_-_-_ -_:

Au~ust.__________________ ____________________
September __________________________________________ . ____ __ ______
Total______________
1934

lll7, 507,126. 78

120,146,612.23
159,555, 123. 48
201,374,181.94
242, 741, 3oe. 53
294. 844, 603. 69
298, 073, 7.()3. 77
299, 372, 151. 82
299,192,414.00
200,014.914. ()()

570 _. ~4
511 5
41,bl9,0.>S.46
41,367,124.59
52,438,197.16
3,360.345. 08
1, 2Q8. 448. 05
146,702.18

40.,
39

ff~{c'hary._:::::::::::::::
:::::::::::::::::::: ::::::::::::::::::::
April_____________________________________________________________

__________ ..... ___ ..
326,440.00
li7, 500. 00

,11~.

____________________
____________________
______ _____ _________
____________________

93,550.00
336,850.00
IS, 987. 52
5,000. 4ll
13,000.00
515,050.00

Total •• ____________ . _____ .. _______ . ________ . ___ . ___ .. _____ _

I, 241, 32!. 00

297,773.590. 00

!ifi

297,718,058.00
297, 710,558.00
297,709,908.00
2V7, 689,908.00
297, 689, 008. 00
207, 688, 3118. 00
297, 621. 398. 00
297 .098, 1198. 00
296,767.998. 00
29r,, 700, 998. 00
296. f\26, 64'!. 00

~lay_____________________ _____ _________ __ __ __ __ __ _____ ___________

June_____________________ ____________________
July______________________ ____________________
August___________________ ____________________
September___________________________________

~~i;~

--------------- -------------------- -------------------- _________23t ~: ?2_
1935

~· ::::=:::::::: •
August

mii;;_ _

=•

:=:::::: ::::::::::::•

====------- ____________________ ____________________

67, 000. 00

~II~~

Total ________________________________ ... ------------------·-1===1=,=14=6=,9=4=2=.o=o=:

296, 626, 648. 00

See footnotes at end or table.

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Google

80

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorizations, disbursements, repayments, and other reduc•
tions, and amount outstanding from Feb. 2, 1932, to Dec. !Jl, 1938, inclusioe, by
classes and months-Continued

TABLE

AMOUNTS MADE AVAILABLE FOR RELIEF AND WORK RELIEF-•Contlnued

Year and month

Amount of
authorizations

Amount of repayments and other
reductions

Amount of
disbursements

1

1936

Amount out•
standing at end
o! period

1anuary .•..•..•••••.•.••....••.•.•••.••.•.•........•.••.•••••••••
Fehruary ••••..•............•....•....•.•••........•.•••••.•••••.
March .•.•.•.........•.........•..••..............•....•.....••..
May •••.•.................••...•••.•....•..•....•.....••...••..••
June .•....••.....•...........................•.....••.....•.•.••.
August. ......•...•..•.•.......................•.•...•.•..•.•.....
September .•••....•••........................••••.•••.•..........
October .•.•..•....•••...........•..............••••••............
November ••••....••............•....•....•.......•...•.....•....
December•.•..•.....•..•..•••..................................•.

$742. 00
435.00
189, 000. 00
20,000.00
2,760.00
190,500.00
228,500.00
236,000.00
102,000.00
74,000.00

$296, 625, IIOO. 00
296, 625, 471. 00
296, 436, 471. 00
2116, 416,471.00
296,413,711.00
2116, :123, 211. 00
2115, 994, 711. 00
21l5, 758, 711. 00
295, 65tl, 111. no
21l6, 582, 711. 00

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

1, 043, 937. 00

295,582, 711. 00

January ••••.......•.•.•........•........•.......•.•.........••...
March .•..•...••....•.•.........................•••.•............
May ......••••.•.•....•............•.....••.....•.•........••..•.
June .•.....•.•••••...•......•...••.•.•••...•...•.•••••..•.••••.•.
September ••.....••..•••......•.••.•...........•.•••••.•.•••.•.•.
October ...•....................••................••.•..•••••.•...
Novemher ..•...•...•.............................•...••••.•.•••.
December ........•.•.......••..........................•.•.......

228,500.00
6, 126, 000. 00
6, 146, 070. 00
2,000.00
176,000.00
4,000.00
374. 30
74,000.00

295, 354, 211. 00
289, 228, 211. 00
283, 082, 141. 00
283, 080, 14 I. 00
282, 904. 141. 00
282,000,141.00
282, 899, 761.l. 70
282, 826, 766. iO

Total ••.•.•..•..........................•...••...•...•.....

12, 756, 944. 30

282, 826, 766. 70

- --- - -- - - --- -- -- ..
--- -- ---- - -------...... - - - ----------- -·

1g37

1-------·I-----

1938

March •••••••••••.••...................•.......••.•...•.•••......

I

282, 825, 766. 70

Total. •••..••••••......................•.••........•.•.....

I

282, 825, 766. 70

Grand total •••..•..

a 200, 984, Im. 00

$200, 984, 900. 00

$300, 000, 000. 00

TOTAL, ACT APPROVED MAR. 9, 1933, AS AMENDED
[Loans on and subscriptions for preferred stock, and purch!l88S or capital notes or debentures, or banks and
trust companies]
1933

March ...................
April .••.•.•..••.•••••••••
May •••.•..•••.••••••••••
June ••... __ ....•••••••.••
July ............•.••.•••..
August .......•.•.••••••..
September ...•.•..•••..••
October •••••••.••••.•••..
November •••••.•••.•••..
December .••.•.••••••••..

$14, .932, 500. 00
7, 60!1, DOIi. 00
16, 007, 500. 00
8, 188, 000. 00
14, 798, 000. 00
3, 471, 000. 00
4, 385, 000. 00
30, 965, 000. 00
Sil, 888, 000. 00
305, 731, 000. 00

$12, 750. 000. 00
7, 582, 500. Oil
6, 160, 000. 00
17, 985, 000. 00
8, 185, 000. 00
7, 677, 500. 00
3, 776, 000. 00
2, 990, 000. 00
44, 155, 000. 00
164, W4, 716. 67

Total. .••.•.•......

496, 556. 000. 00

1anuary .•••••••••••.• __ .•
February •...••..••••••..
March .•.............••..
~:~········•·······•····
June ........•.•.•.•.•....
1uly•............•.•......
August ..........•.••.....
September .•...••..••••..
October ..•••.•••..•••••..
Nonmber •••••••••••••••
December ••••••••••••••..

266. 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, 768, 000. 00
16, 197, 780. 00

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

656, 910, 926. 00

-------------------...............................

31,930.00
108,795.00
616.00

$12, 7f,&, 000. 00
20, 332. 500. 00
25, 482, 500. 00
-ca, 463,315. 00
51,648,315.00
5'11, 326, 815. 00
63, 101, i65. 00
68, 059, 835. 00
110, 106, 040. 00
26i,200,241.67

264, 346, 216. 67

146,976.00

264, 200, 241. ,n

146, 474, 400. 00
M. 717, 750. OC
128. 039. 340. 00
63, 697, 085. 00
47, 992, 655. 00
112, 035, 430. 26
21, 434, 472. 50
26, 147,230.82
25. 890, 041. 66
15, 989, 885. 00
12, 968, 102. M
18, 271, 641. 60

191,125.00
1(18, 911. 11
79,448.17
558,249.50
153,717.31
1, 386, 625. 15
54, 704, 338. 00
~ 222, 87G. 16
1,849, l!Off. 51
6, ~I. 336. 47
1, 278, 715. 95
3, 719, 065. 98

410. 483,616.67
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, 31 l. 85
827,373,847.00
837, 742, 396. 53
849,431, 783. 08
863, 984, 258. 60

673, 657, 834. 23

73,873,817.30

863, 984, 258. 60

·- ~686.00

--- .............. -------- --

-------------------60.00

1934

See footllotel at 1111d of table.

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REPORT OF RECONSTRUCTION FINANCE CORPORATION

81

6.-Amoum of authorizations, disbursement&, repayments, and other reductions, and amoum outstanding from Feb. //!, 1952, to Dec. 51, 1958, inclusive, by
classes and months-Continued

TABLE

TOTAL, ACT APPROVED MAR. 9, 1933, AS AMENDED-Continued

Year

and month

Amount or
authorizations

1935

January .....•..•..•.•.••.
February .•...•....•...•.
March .•.........•.•.....

1

June •.........•..........
July......•.•..•.•........
August.. ......•..........
Septemher ..•...•.•......
October __________________
Kovember ......•........
December. ...•....•..... .

$15,054,300.00
2. 536, 250. 00
3,077,500.00
1, 673, 400. 00
5, 269, 650. 00
5, 893, 600. 00
7, 313, 500. 00
3, 985, 700. 00
16, 322, 000. tKJ
1, 587, 500. UO
5, 7·16, (JI)(), 00
13, 751, 861. 00

Total ...•..........

82,211,264, 00

~:f··••················

1936

January ..................

Amount or
d isbursewen ts

~~~'tsn~i r;11:i!~·
reductions

$15,460,560.00
27, 135,725.00
9, 155. 660. 00
4, 831. 000. 00
5, 525, 975. 00
6, 782. 063. 33
3, 627, 500. 00
6, 135, 150. 00
II, 412. 375. 00
4, 038, 380. 00
2, 828, 500. 00
7, 136, 400. 00

- -102,-969,
-288.
-33

Amount out•
standing at end
of pniod

$6, 466, 7M. 69
5, 211, 054. 83
2, 225, l 00. 43
7, 648, 956. 50
3, 439, 690. 27
4, 218, 296. 79
6, 563, 589. 35
5, 551, 734. 93
7, 696, 276. 26
2, 406, 767. 78
2, 340, 578. 18
17, IGO, 914. 93

$873, 979,063. 91
895, 903, 734. 08
902, 834, 293. 66
900,016,337.16
902, 102. 621. 88
004, 666, 388. 42
901,730,299.07
002, 313, 714. 14
004, 029, 812. 88
006, 661, 425. 10
007, 049, 346. 112
897, 015, 831. 99

69, 937, 714. 94

897. 015, 831. 99
904, 685, 040. 72
887. 635, 576. 15
877. 326. 888. 73
877, oat, 973. 78
872, 188, 501. 20
819, 985, 220. 26
721, 027, 186. 39
704, 925, 676. 20
701, 125,266.39
693, 039, 500. 48
685, 766, 958. 58
65,1, 724,652.47

June ..•..•..•..........•.
July .....•••..••.•.•.•....
August.. .•...•....•......
September .•.............
October .•........•.••.••.
November .•.............
Deoember ..........•..•..

661,250.00
l, 055, ()()(), 00
I, 682, 500. 00
85. 000. 00
2,367,500.00
932,450.00
25,000.00
10,000.00
56,000.00
60,000.00
425. 000.00
1, 430, 000. 00

12, 748, 114. 00
1, 179, 200. 00
1, 867, 400. 00
7, 109, 000. 00
560. 000. 00
1, 578, 950. 00
502,600.00
3, 025, 000. 00
2, 032, 500. 00
I, 010, GOO. 00
75,000.00
M6,000.00

5, 078, 005. 27
18, 228, 664. 57
12, 176, 087. 42
7,400,914.95
5,406,472.58
63, 782, 230. 94
99, 460. 633. 87
19, 126, 510. 19
6, 832, 009. 81
9, 095, 766. 91
7,347,541.90
32, 648, 306. 11

Total. .•...•..•....

8,789,700.00

32, 293, 764. 00

276, 58l, 943. 52

663, 724, 652. 47

Jf,, 045, 597, 74
JI, 014, 047. 94
9, 415, 371. 26
2, 440, 86.'5. 59
1, 860, 474. 00
13, 089, 134. 22
!I, 627, 386. 18
I 6, 283, 751. 23
3, 443, 921. 011
4, 602, 219. 18
I, 540, 641. 33
13, 469, 407. 43

639, 039, 054. 73
628, 665, 006. 79
1120, 284, 635. M
617, 963, 769. 95
616, 196,295.05
609. 327, 160. 83
602. 699, 774. 65
596, 789, 773. 42
593, 704, 462. 36
500, /i()(), 333. 18
589, 028, 691. 85
582, 271, 517. 75

88, 832, 818. Of,

582. 271,517. 75

t 5, 139, 746. 57
t 14, 102, 587, 37

2, 162, 574. 34
I, 097, 507. 04
1, 44,5. 380. 82
3,919,483.17
I 7, 481, M9, 78
I 3, 672, 645. 48
I 2, 252, 639. 70
1, 772, 607. 68
1, 888, 143. 78
• 4, 269, 368. 49

677, 635, 271. 18
563, 662, 683. 81
561,949,859.47
565,641,352, 43
564, 290, 971. 61
661, 242, 388. 44
Ml, 727, 938. 66
llll2, 630, 918. 18
Ml, 493, 278. 48
549, 720, 1170. 80
M7, 931,027.02
588, 834, 658. 53

49, 204, 234. 22

588, 834, 658. 63

1167, 579, 503. 03

5811, 834, 658. 63

u~:c't".r~~=:::::: :: ::: :::
~R~l... ..................

1937
190,000.00

360, 000. oc,

640,000.00
1, 035, 000. 00
120.000. 00
93,000.00
!I, 220, 000, 00

------------------373,750.00

~~:~.:.::::::::::::::

870, 000. 00
37,500.00
343,000.00
6, 370, 000. 00
5, 996, 800. 00
1, 038. 850. 00
206. 800. 00
624.000.00
408, 500, 00
380,000, 00
735,000.00

Total .•.•....••....

17, 200, 450, 00

17, 379, 683. 33
603,500.00

Dovember .•.••••••••••..
ecember ..••••••••••••.•

109. 750. 00
1, 064, 000. 00
3, 635, 600. 00
26, 027. 500. 00
2, 604, 000. 00
I, 219, 500. 00
360,000.00
894,625.00
480,700.00
301. 500. 00
328, 80.1. 00
22, 085, 000. 00

Total.··-·---··--··

69, lll. 875. 00

55, 767, 375. 00

Grand total •• ----··

1,320,780,214.00

l, 1411, 414, 161. 66

r;i~y.·~::::::::::::::
~~!... ..................
June ••...........•......•
July ••................•...
August ...••.............•
lleptember .••.....•....••
October ..•.•...........•.

1938
January .....••.•.•.•.....

r:t~ary.................

i:··------------ptember •••••••••••••..

0 etober ••..•••••.•..•....
N"

I
I

I

358,600.00
I, 398. 100. 00
69,000.00
6, 712. 233. 33
I

130,000.00
449, 700. 00
4, 789, 000. 00
95,000.00
870,000.00
967,100.00
1, 575, 625. 00
1, 115, 000. 00

-------------------98,500.00
46, 173,000.00
1
1

-

Bee rootnotes at end of table.

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82

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorizations, disbursements, repayments, and other reductions, and amount outstanding from Feb. 2, 1932, to Dec. 31, 1938, inclusive, by
classes and months-Continued

TABLE

LOANS ON PREFERRED STOCK 01' BANKS AND TRUST COKPANlltS

[Under the Act approved Mar. 9, 1933, as amended)
Amount of
authorizations '

Year and month

Amount of repay•
ments and other
reductions

Amount of
disbursements

Amount out
standing at encl
of period

1933
March.··-- ______ -····-··
$250,000.00
$250,000.00 -·······-····-····- _
May--------------------·
2,710,000.00
June_--·--·-·----·------3,250,000.00
6,960,000.00
$4,685.00
Ju]y····-·-·--------·----2,115,500.00
40,000.00 ---------·-----·---August.---·-------------91,000.00
517,500.00 ___________________ _
September_ • _____________
50, 000. 00
76, 000. 00
50. 00
October __________________ -···················
75,000.00
31,930.00
November······--··--·-545,000.00 ____________________
21,495.00
December________________
1,578,000.00
829,600.00
515. 00

Total. ________ -··._
1934
January··-·--····-···---February_···-··--·-·-···
March .•.. ·----·---------

7, 748, 100. 00

1,781,350.00
4,442,050.00
665,500.00

310,000.00
322,500.00
99i, 300. 00

58,675.00

7, 689, 425. 00

166,125.00
8,911.11
59,448.17
268,249.50
143,717.31
226,525.15
212,588.00
24,029.15
30,996.51
54,444.04
66,215.95
228,263.48

7, 833, 300. 00
8, 146, 888. 89
9,081, 740. 72
9, 590, 391. 22
11, 965, 973. 91
12, 277, 023. 76
12, 884, 285. 76
13, 113, 266. ftl
13, 396, 760. 10
13, 763, 416. 06
13, 857, 20('_ 11
14, 034, 436. 63

l======l======I,=====~=====

gg~: ~~: ~

~t=:::::::::::::::::::

June_____________________
Ju]y______________________
August___________________
Septern ber _____ ____ ______
October__________________
November_______________
December _______________ •
Total_ -----··-- ____

10, 589, 500. oo

$250, 000. 00
250,000.00
6,205,315.00
6,245.315. 00
6, 762, 815. 00
6, 838. 765. 00
6,881,835.00
6, 860, 340. 00
7, 689, 425. 00

1, 123,500.00
434,450.00
279,200.00
407, 525, 00
509,850.00
91,000.00
265, 530. 00

2.

m: :i: ~

li36, 575. 00
819,850.00
253,000.00
314, 500. 00
421,100.00
150,000.00
405, 500. 00

t--------;-----------1
11. 524. 8,55. 00

7,823,525.00

1, 478, 513. 37

14, 034, 436. 63

296,300.00
156,750.00
73,500.00

511,130.00
328,025.00
657,400.00
62,000.00
260,000.00
161,000.00
170,350.00
16,000.00
13,500.00
25,000.00
74,500.00

153. 068. 62
144. 234. 83
26.150.43
62,266.50
403. 340. 27
28.106.00
113,696.43
304,107.36
59,953.37
132,321.52
199,078.18
87,254.93

H, 392,498.01
14. 576. 288. 18
15. 207, 537. 75
15, 207, 281. 25
15. 063, 940. 98
15. 196,834.98
15, 083, 138. 55
14, 9-19, 381. 19
14, 904, 427. 82
14, 785, 606. 30
14,611,528.12
H, 598, 773. 19

975,400.00

2, 277, 905. 00

1, 713, 568. 44

14, 598, 773. 19

January _________________ -·-----------------February_------------·-March
______________ .____ -·---·----·----·---85,000.00

40,000.00
5,200.00
75,000.00

112,473.20
332,696.54
128,408.70
243,694.95
32,272.58
105,520.94
66,909.28
218,798.94
s.•, 838.15
112,815.71
37,900.78
74,025.98

14, 526, 299. 99
14,198,803.45
14, 145,394. 75
13, 90 I, 699. 80
13, 924, 42i. 22
13, 84 2, 906. 28
13, 785, 997. 00
13,567, 198. 06
13, 483, 359. 91
13, 370, 544. 20
13,332,643.42
13, 258, 617. 44

1, 539, 355. 75

13,258,617.44

393,972.11
308, 193. 92·
76, ·194.- 18
212,887.65
126,568.38
126, 9?9. 22
328,618.58
359,875.36
359,060.30

12, 864, 6-15. 33
12. 5.56, 451. 41
-12, 480, 2S7. 23
12, 26i, 369. 58
12, 140, SOI. 20
12. 013, R7!. 98

1935
JannarY-----------·······
February.·--··--·-·-····
March._ ··----··---·-·--

1~: ::: ~

~:;1-::::::::::::::::::::

June_____________________
12. 600. 00
JnlY---------------·-----107. 000. 00
August___________________
40,700.00
September_______________
67,000.00
October ________ ··-·······
55,000.00
November ...... ·-···-··-··········-······--December ______ •. _._ .•... ······-···---------Total.--·-----· ___ _
1936

l=-'=====l======l======,J=====

tf:i1_----·------·----···- ---·---------------· -------·--55, 000. 00}~~-. -----------·--·---· ---------------·--·August_ _____ ·---- ________________ • _____ -· ---·
September. ______________ -----·-------------October __ • _______________ -------------------·
November_---·---------- ----·----·---·-·---December. ____ • _________ • ---------------·----

Total..---·---··---

85,000.00

---··· -... 24, ooo. oo_
---·------ _____ •• __ _
··-·· · ____ -------·----·- · ---------·----------··----·-----___________________ _
199,200.00

1937
January_·-------------·-- -·--·--------------- __ -_________________ _
February•----·---------100,000.00 ___________________ _
March ____ • ___________________ ·--------•-··-· -_ • _ ._ .. _ - _. _" -·
April.. __________________________________________________________ _

fu~!: :::::::::::::::::::: :::::: :::::::::::::: ,::::::::::::::::::::

July ________ ·- ____________ ----·- _________________________________ _
Au1mst _____ ·-------··-·-- _----------·--·-----' ---------- .• _______ _
September ___ ·-·----·---· ----·-·----·-·--··--1
100,000.00
See footnotes at end of table.

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11, 685, 253. 40

11, 325, 378. 04
11,066,317.74

REPORT OF RECO~STRUCTION FINANCE CORPORATION

83

6.-Amount of authorizations, disbursements, repayments, and other reductions, and amount outstanding from Feb. f, 1932, to Dec. 31, 1938, inclusive, by
classes and months-Continued

TABLE

LOANS ON PREFERRED STOCK OF BANKS AND TRUST COMPANIES-Continued

Year and month

Amount or
authorirntlons

Amount ,,t
disbursements

1

Amount or repay•
ments and other
reductions

Amount out•
stand in~ at end
of period

11137

October ..••••..••••.••••...••.•.•.....•.••••• -·······-··-·-···-··
November_ •••. -········- -···-···-- -·--··- -·· -··· -····-···-··-···
December.. _•••..••.. _•.• -·····-··-----·--·-- ············-····-··
Total .•....••••.•••

$100,000. 00

$100,000. 00

$248, 284. 81
J05, 244. 08
91,163. 72

$10,818,032.93
JO, 712, 7Nl. 85
JO, 621,625.13

2, 736,992.31

10,621,625. 13

!=======:=======:=

1938

January.-.. -·-· __ .. _•• -· ... -·--·· _.• -·· •••. -· _••• _. -· ••••••••••••
February.···-·······-··· ····-··· _·-· -·-··-·· -···-···-···-·······
March.-·-····-····-···-_ ····-···- --· ---·-··- --·····-- -··-·······

~!',.'~!.::::::::: ::: :: :::::: :::::::: ::: :::::: ::: ::: :: :::::::::::: :::

June_---···---·-·····-··· ·--······-·--···-- -· -···-·····-·---·-·· _
JulY---·-·-······-····-· -· ..•••••••• --··-·-·- - ---·-·---·- ---···-··
August. •. ·-···-·-··••··-· -·-····-----·······- -·-----------···--··
September_············-· -···-·---··- -··- -·- - ·- ··-· -·--·· -····-··
October-·-···-·········-. --··-·-· -······· --- _ -··· ---· -·•··-·• --· _
'<"nvember .• ·········•-·· -·-·····-··········· --···· ·-········· •.•
December ••••.••.••.... -..•...... -·-········· -··--·--·-······ ....
Total..··········-· .......• -··· --·- ·- ·- _--- -·-····-·-··· --·
Grand total........

23, 274,766.00

I

18, 148,730.00

140,478.41
123,981.49
52,840.00
74,914.86
17,856.23
126,178.36
24,725.89
207, 59!l. 22
, 55,224.62
56,225.68
25f,, 698. 86
, 2, 139, 7116. 35

10,481,146.72
10,357, 165. 23
JO, 304, 324. 27
IO. 229,409.41
10,211,553. 18
10,085,374.82
10, OfiO, 648. 93
9. 853, 049. 71
9, 797, 825. 09
9,741,599.41
9,484,900.55
7,345,104.20

, 3,276, 520. 93

7,345,104.20

, IO, 803, 625. 80
Il=======I======
7,345,104.20

SUBSCRIPTIONS FOR PREFERRED STOCK OF BANKS AND TRU!T COMPANIES
[Under the act approved Mar. 9, 1933, as amended]
1933

December.·-···-·········

$14,682, r,oo. oo
7,400,000.00
13. 8S7, 500. 00
4, 938. 000. 00
12, 682, 500. 00
2, 880, (JOO. 00
4,335,000.00
6, 770, 800. 00
17,753,000.00
177,652, 100. 00

$12,500,000.00
7,582,500.00
5, l.lO. 000. 00
11, 82.1, 500. 00
8, 145. fKJO. 00
6, 660, ouo. 00
3, 700, 000. 00
2,915,000.00
4,000,800.00
77,015,116.67

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

262. 981,400.00

140. 453,916.67

April.. ____ ··-·--···-·---·
May····-··········-·-·-June·--····-·•--·••-···-July_·-··········-······-August ____ •..••...•..•. __
September.···-·-······ __
October-········-······ ..
November.···-·-······-·
December ••.•••••••••••..

142. 932, 100. 00
52, 345, 200. 00
80, 792, /i(I0.110
25, 680, 8110. 00
41, 8i0, /i()(). 00
27, 998, 8:20. 00
12, 9S3, 500. 00
ll, 008, ,IOO. 00
I l, 043, (JOO. 00
20, 545, 000. 00
8, &12, (KIO. 00
14, 750, 250. 00

94, 669, 500. 00
29, 933, 000. 00
97,959,390.00
39, 203, 685. 00
19,601,755.00
86, 627, 85,1. 25
18,067, 622. 50
18, 769, 230. 82
13,145,541.66
14, 465, 785. 00
9, 210, 602. 50
15, 823, 54 I. 50

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

450, 862, 170. 00

457,477,509.23

12, 92/i, 500. 00
2, 23ti, 000. 00
I, 602,000.00
I, 403, 500. 00
5, 065, 000. 00
5, 462, 500. 00
6, 027, 500. 00
3,114,000.00
JO, 100,
00

13,944,430.00
24,207,700.00
7,823,260.00
4, 696, 500. 00
4,150,975.00
6, 226, 063. 33
2, 155, 000. 00
5,597,300.00
2, 986,375.00

March ..•••••.....• _•..••
April.._-··-····---- .....•
May_·--·---·---·-·······
June_··-·---·--·-·····-··
July __ ···--····--·-------·
August..·-··-···--·····-September ..•........•...
October_.---· ..• _······-·
November _______________

------------------·--------------------

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

---------------------------------------------------------$87,300.00
--------------------

$12, r,oo, ooo. oo
20, 082, 500. 00
25, 232, 500. 00
37,058,000.00
45, 203, 000. 00
51,863,000.00
55, 563, 000. 00
58,478,000.00
63,351,500.00
140,366,616.67

87,300.00

140,366,616.67

25,000.00
50,000.00

1, 779, 350. 00
687,010.00
1, 358, 930. 00
502,500.00
1, 983, 302. 50

235,011, II6. 67
264, 894, 116. 67
362, 853, 506. 67
401,807, IOI. 67
421,408,946.67
508, oar,, 801. 92
525, 7IO, 174. 42
542, 700, 055. 24
555, 158, 586. 90
568, 265, 44 I. 90
576,973,544.40
590, 813, 783. 40

7,030,342.50

590, 813, 783. 40

835,447.50

003, m, 765. rn
626, 895, 145. 90
633, 80tl, 955. 90
638, 019, 755. 1,0
640,177,880. VO
645,817,544.23
644, 545, 651. 31
646, 885, 323. 74
647, 7M, 260. 06

1934

January_·-··· ___ -······ ..

~~:~h"?·.:::::::::::::::

-------------------250,000.00
--------------------------------------394,250.00

I

1935

January_·········-·- .••.•

·_::::::=::::::=:

Q'~ic'hary
April.. •.••.•.•.....•••••.

~~!::: :: ::::: ::: :::: ::::

July.- ••.••..••.... •·•··••
August.. ..••..•••••....•.
September •••.•.•.•.•.•.•

ooo.

I, 235,320.00
911,450.00
483, 700.00
I, 992,850.00
586,400.00
3, 426, 892. 92
3,257,627.57
2, lI 7, 438. 68

See footnotes at end of table.

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Google

84

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorizations, disbursements, repayments, and other reduc•
tions, and amount outstanding from Feb. 2, 1932, to Dec. St, 1988, inclusive, by
classes and months-Continued

TABLE

SUBSCRIPTIONS J'OR PREFERRED STOCK 01' BANKS AND TRUST CO:IIPANIEII-Contlnued

Year and month

Amount of
authorizations

t

Amount or
disbursements

Amount of repay.
ments and other
reductions

Amount out•
standing at end
or period

1935
October......••.....•....
November ....•..........
December.....•..........

$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
13, 689, 160. 00

$650, 972, 599. 23

Total. ....•........

68, 578,864.00

86, 838, 883. 33

30, 362, 827. liO

646, 289, 839. 23

606,250.00
1, 025, 000. 00
1, 590, 000. 00
85,000.00
2, 300, 000. 00
917,450.00
50, oco. 00
25,000.00
425,000.00
I, 400, 000. 00

12, 668, 114. 00
1,020,000. 00
1,732,400.00
7, 105, 000. 00
455,000.00
I, 499,950.00
472,600.00
3, 025, 000. 00
2, 000, 000. 00
I, 000, 000. 00
75,000.00
550,000.00

3, 026, 337. 50
13,039, 981. 75
11,519,965.00
5,216,470.00
3, 41i2, 200. 00
48, 972,210.00
70, 977, 400. 00
16, 805, 286. 25
4, 129, 396. 66
5, 373, 896. 18
5, 628, 376. 25
22, 767, 776. Iii

655, 931,615. 73
643, 911, 633. 98
634, 124, ORS. 98
636,012, 598. 98
633,015,398.98
li&5, 543, 138. 98
615,038,338.98
001, 258, 052. 73
499, 128,656.07
494, 754. 759. 89
489,201,383.64
466, 983, 607. 13

Total. .••••........

8,433,700.00

31, 603,064.00

210, 909, 296. 10

466, f83, 607. 13

1937
lanuary .•.•...•.•.•••••..
February .•.•.....•...•..
March ...............•.•.
April.. ........•••••.••••.
May •.•...........•...••.
lune .....•...•...........
July ..........•...•.•••...
August ....••••.••••..••..
September .•......•.•.•..
October •.••.•..••.•••....
November ..•.•......•...
December ••••............

170,000.00
770,000.00
37,500.00
343,000.00
6, 370, 000. 00
5, 77 5, 000. 00
750,000.00
156,000.00
530,000.00
388,500.00
380,000.00
730,000.00

325,()(](l.00
640,000.00
1,035, 000. 00
80,000.00
93,000.00
6, 205, 000. 00

IO, 576. 436. 76
• 8. 688, 078. 90
4, 883, 806. 07
1,175,330 97
1, 106,017. 78
3, 990, 805. 00
5, 432, 782. 60
• 4, 176,755.57
1, 171, 393. 56
3, 262, 059. 37
746,847.60
4, 766, 311. 33

456, 732,170.37
448,684,091.47
444, 835, 285. 40
443, 739, 954. 43
442, 726, 936. 65
444, 941, 131. 65
439, 508, 349. 05
435, 531, 593. 48
433, 760, 199. 92
431, 794, 140. 55
431,087,292.95
432, 995, 214. 95

Total. •.......•.•..

16, 400, 000. 00

16, 588, 233. 33

50, 676, 625. 51

432, 995. 2l4. 95

1938
January.................•
Februnry ..........•••...
March .•.••.•............
April.. ..•••...•..........
May ..•••••••........•.•.
June •••••••.••...........
July .••..•••..............
August .•••.•.......••.•..
September ......•..••....
October ••.............•.•
November .•.••...•.•...•
December ••.....•...•...•

109. 750. 00
1,050. 000. 00
3, 625, 600. 00
25,477,500.00
1, 075, 000. 00
999,500.00
360,000.00
819,000.00
480,700.00
301,500.00
328,800.00
22, 085, 000. 00

498,500.00
130,000.00
449,750.00
4, 725, 000. 00
95,000.00
300,000.00
740,600.00

89,500.00
46, 173, 000. 00

3, 675, 411. 57
• 13, 302, 795. 79
472,442.50
564,475.00
908,780.00
1, 922, 685. 00
I 5,414,424.00
I 2, 378, 817, 68
• 458, 533. 92
1,269, 132, 17
I, 318,293.84
4 1, 629, 322. 38

429, 818, 303. 38
416, Mli, 507. 59
416,622,815.09
420, 783, 340. 09
419, 969, 560. 09
418, 346, 875. 09
413, 673,051.09
411, 294, 233. 41
411, 9li0, 699. 49
410, 681, 567. 32
409, 452, 773. 48
453, 000. 451.10

Total. •.•..••••••••

56, 712, 350. 00

53, 316, 350. 00

4 33, 215,

Grand total.." •.•..

863. 968. 484. 00

785, 277. 906. 56

1936
l!llluary..••.•.•••••.•..••

r:~:~!..==::::::::::::::

u::1.::::::::::::::::::::

lune .•..•••••.•..........
July .••..•••••••.•.•.••...
August. ...•••••••........
September •.•............
October .........•.•.•....
November ....•.•.••...•.
December.•.......•......

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

200,000.00

-------------------1, 296, 000. 00
40,000.00
6, 674, 233. 33

1, 115, 000. 00

I

652, 972, 099. 23
646, 289, 839. 23

113. 85

• 332, 181, 505. 46

453, 096, 451. 10

I

453, 096, 451. 10

PUll('HABES OJ' CAPITAL NOTES OR DBBJ:NTURES 01' BANKS AND TRUBT COKPANIE!I

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

1933
April.....................
$200,000.00 ...•••••.....•..•............•...•..••..••••••••••••.•••••
June..................... .•.•••.•.....•.•....
$200,000.00 .......•.•...• .•••.•
$200,000.00
AUl{USt...................
500,000.00
500,000.00 ...•.•.•.•.•.•.•••••
700,000.00
October..................
24, 194. 200. 00
700,000.00
November...............
71,590,000.00
39,194,200.00 .•.•.•..••••••••••••
:19,SIK, 200. 00
December................
126,500,900.00
76,250,000.00 ..••••.•.•••.•••.•.•
116,144,200.00
Total ••••••••••••••

222, 985, 100. 00

116, 144, 200. 00

116,144,200.00

Bee footnotes at end of table.

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REPORT OF RECO~STillTTION !<'I.SANCE CORPORATION

85

6.-Amount of authorizaliom, di8buraemenla, repayment&, and other reductiona, and amount 011/alandi·ngJrom Feb. t, 19::Ji, to Dec. 81, 1988, incluaive, by
claue, and months-Continue

TABLE

PUBCBASH or CUIT.lL Nona OB DEBENTt' RU or

Year and month

19:li
Jann,iry••.••••....•......

February .• •... .. . . ... •..
March ... ..•.... . . .. .....
April. ............ ... . ... .

May .................... .

June .••••...•.•.•.••.....

July ...•••• •...........••.
August ... . .............. .
September .•.............
October ... .. ..... ... .... .
November ... .......... ..
Deceru ber ....... ..... .. .

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

Amount or
authorizations l

B ., NK8

.lND Tat·eT COliPANIE&-Contlnued

Amou nt or
disbursements

Total. •• ••• .•. . .. . •

Amount out•
staniling at end
or period

Wi0,000.00
20,000.00
40,000.00
10,000.00
1, 161, 000. 00
M , Olli, 500. 00
2,419.500. 00
1, 131,500.00
4, 20i. 961. 43
720,000. 00
1, 507, 500, 00

$167,639,100.00
192, Obi, 350. 00
221, 117,000, 00
244, i93, 500. 00
2i0, 655,000. 00
294,365,000. 00
242,814, 500. 00
247, 620, 000.00
258,818, 500, 00
255, 713, f>38. 57
258. 601,038.57
259, 136,038, 57

194,523,000.00
208. 356, 800. 00
!=======!======

65, 364, 961. 43

259. rn6, 038. 57

1.005,000.00

4,477,238.5i
3,831,500.00
I, 287,500.00
7, 103. ooo. oo
1,043,500.00
3,f,03, iOO. 79
3,023,001. 00
I. !J\j()_ 000. 00
5, 51S, SM. 21
976,005. 43
I, 612, 500.00
3,393,500. 00

255,663,800.00
254,432,300.00
253,819,800.00
246, i89, 300. oo
211l.860,800.00
243,652,00~.21
242,101,509.21
240,479,009. 21
241,371,125.00
240,803,219.57
239, 465, i19. 57
236, 127, 219. 67

St 10. 425. 000 00
18, 72i, 000. 00
23, :1:15, 000. 00
1, 195,000. 00
6, iM, 500. ro
6, 7~. 500. Oil
2, 820. 000. 00
16. ~9. OIMI. 00
I, 76.'i. 000. 00
2, ls.'iO, IMlO. 00
~25, 000. 00
I, 182, 000. 00

$51, 49-1. 000. 00
24. 4ti2. 250. 00
29, OS5, 650. 00
23, 7ltl, 500. 00
[jX). 00
25,
2-l, 871,000.00
2,547,000.00
7, 12.t 000. 00
12, 430, 000. 00
I, 103,000. 00
3, r,o,, 500. 00
2,042,500.00

~.1.

11135

January. ... ..............
Februllry.... . . . . . .. . ....
March . .. .... .. . .........
April.... .................
May. . ...................
June . .. ................. .
July... .. ... ..... ........ .
Au~ust............ .. ... ..
September...............
October.... ....... . ..... .
November......... . .....
December. . .. .. ..........

.-\mount or rcpRy•
meats and other
reductions

1,832,.IOO . OO
H3. ,m. lJO
I, 402,000.00

z2,,, mo. oo

b0,000.00

418,500.00
1,179,00000
831. ooo. oo
6, 155. UOO. 00
312. ,\00. 00
70,000. 00
5,000.00

2,f.00, 000. 00
6i-~. 000 00

,2. ,lOll. oo
1, 115.000.00
395,000. 00
1,472,500.00
367, 5m. oo
6,4 11.000. 00
40\l IMlO. 00
2i5. OfiO. 00
~.000.00

1 - - - - - - - - 1 - - - - - - -·l - - - - - - -

236, 127,219. 67
37,861 . 319. 00
14, 852,fOO. 00
12, 6.Si. 000. 00
======-al==-====~,l=====z=-=

193G

65. 000. 00
J'anuary .. .. ... .. .. . ... .. .
30,000.00
February....... .. .......
7,500. 00
March........ ...........
.April... ...... . ....................... .... . ...
May....... . ... ..........

67, .IOO. 00

40,000. 00
154. 000. 00
60. 000 00
4,000. 00
50,000.00
.55, 000. 00
30,000.00

15. 000. 00
June... ..... . ............
25,000.00
July.. ... . .. . . .... ........
.August ... . ................................................ . ..... .
32,500.00
6. 000. 00
September. . ..... ... .....
10, 000.00
35,000.00
October . .................
November ................................... . .......... ..... ... .
56,000.00
30,000. 00
December... .. .... .. .....

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

271,000. 00

491,500. 00

1937

35,000.00
20, 000. 00
Ja nuary........ ..........
February ... .. .................................................. .
March .... . ........ . ....................•.•.....•................
40, 000. 00
April..... . . . . . . . • . . . . . . . . . . . . . . . . .. . . . . . . . . . .
May .....•............................................. . .........
15, 000.00
221, SOO. 00
June. ... .................
288, 8,';0. 00 ••••••••••• .........
July........ ... ... ....... .
173,750.00
50,800.00
August... ..... ...........
258, 600. 00
94, 000. 00
September...............
102, 100. 00
20,000. 00
October. .... . ............
29,000.00
Nol'ember. ...........•.. ...•••••••..........
38,000.00
6,000.00
December.... .. .. .... ....

TotRI. • •• .•........
1938

700,450.00

691450. 00

5,000. 00
January... . .. . ....... .... ............... .....
14, 000. 00 .. .. . . . ........... . .
February.. .. ...... ... ...
10. 000. 00 . ...... . ... .... .... .
March. .. . ...............
64,000.00
5b0, 000. 00
A prll. .. .. . ... .•.. .. .. .. . .
1,529,900. 00 . •••• ••••• . .........
May........ . ............
570,900.00
220,000.00
June............. ........
226,500.00
July.... .................................... ..
1, 57~, f;25. 00
75, 625. 00
August...................
September •.•.•.••.••••.••..•.....•.............. •. ...... ..... ...

527, 713. 72
1.910, 750. 00
1,922,000 . 00
4, 704, 500. 00
28, 426, 324. 59
2, 102, 425. 00
1,619,670. 00
3, 609, 054. 02
1,681, 2f>4. 87
9, 806, 503. 62

234,227,125.00
229, 525, 138. 72
229, 057, 425. 00
227, 120,675. 00
225, 248, 675. 00
220, 599, 175. 00
192, 202, 850. 41
JOO, 100. 425. 41
188,513,250.41
184,914,196.39
183,232,931.52
173. 482,427.90

63, 136, 291. 67

173, 482, 427. 00

I 4,075, 188. 87

865,985.00
1,747,120.30
1,313,467. 20
1,091,875.00
688,549, 65
8, 611, 932. 38

169, 442, 239. 03
167, 424, 463. 91
162, 969, 092. 91
161, 956, 445. 94
161,328,557.20
152, 372, 157. 20
1~1. 506, 172. 20
149, 932, 801. 90
148, 877, 934. 70
147,888, 159. 70
147,228,610.05
138, 654, 677. 67

200. 2a

138, 054, 677. 67

I 1, 323, 856. 59

137,335,821. 08
136, 660,010. 99
135, 022, 720. 11
134, 628, 602. 93
134, 100, 858. 34
132, 810, 138. 53
130. 994, 238. 64
131, 483, 635. 06
129, 744,753. 00

1,940.094. 57
4, 855, 98fi. 28

2,011. n5.12
I 4, 455, 371. 00

1, 052, 646. 97
627,888. 74

8, 971, 400. 00

I 35, 519,

I 675,810.09
1,637,200.88
458,117.18
518,744.59
I, 8i0, 619. 81
I 2, 04 2, 399. 89
I 1, 086, 228. 58
I 1, 738, 881. 16

See footnotes at end of table.

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86

REPORT OF RECONSTIWCTION FINANCE CORPORATION

6.-Amount of authorizations, disbursements, repayments, and other reductions, and amount outstanding from Feb . 2, 1932, to Dec. 31, 1938, inclusive, by
classes and months-Continued

TABLE

PURCHASES 01' CAPITAL NOTES OR DEBENTURES 01' BANKS AND •rausT COKPANIE:t-Continued

Y~ar and month

Amount or
authorization~

1

'iii°i:~~~!;i
r.:itri·
reductions

Amount of
disbursements

Amount out•
standing at end
of period

1938

October.....•..............•..................•.............•...•
November....... .. .................. ... .....
$9,000.00
December •.............•.......•........... .. . ...................
Total..............
Grand total........

$447,240.83
313,151.08
' 600, 249. 76

$129,297,504.07
128, 993, 352. 99
128, 393, 103. 23

$2,399,525.00

2, 451, 025. 00

' 12, 712, 599. 44

128, 393, 103. 23

433,536,975.00

342,987,475.00

• 214, 594, 371. 77

128, 393, 103. 23

I=====,=

TOTAL, SEC. 5, TITLE I, OF THE AGRICULTURAL ADJUSTMENT ACT OF 1933, AS
AMENDED
[To Secretary or Agriculture to acquire cotton]
1933

August..... ... ...........
$3,500,000.00 ••••••••.........•.........••••••••••••••••••••.....••...•
September.. •. . . . . •. . . . . . . • . . . . . . . . . . . . .. . . . .
$3, 300, 000. 00 . • . • •• • . • • • • • • . . • . . •
$3, 300, 000. 00
December................ ........•...... ... .. .•..................
$3,300.000. 00 .•................
Total.. .•••-.......
1934

October................ ..
Total. . . . . . . . . . . . . .
Grand total. .......

3,500.000. 00

. 3,300,000.00

3,300,000.00 ----------········

l=======l=======l=======I=======
20,000,000. 00
1--------1-------•1--------------20, 000, 000. 00

l======l======l,=====,I=====
23, 500,000.00
3, 300,000. 00
3, 300, 000. 00 • - •••••..........•

TO'rAL, SEC. 36, TITLE II, OF THE EMERGENCY FARM MORTGAGE ACT OF 1933, AS
AMENDED
[Drainage, levee, Irrigation, and similar districts, etc.]
1933

October........••..•...•.
December..........•.•...

$383, 489. 21 ••••••.•••................••••......•••••••••...••.....•••
6,655, 624. 87
$2, 413, 955. 10 . • . . • ••••

•• ••...•..•
$2, 413, 955. 10
---------------1--------1------2, 413, 955. 10 _.••••• __ ••• _. _•• • ••
Total. •..•...•..•..
7,039, 114. 08
2, 413, 955. 10
1934

1anuary..................
February............. .. .
March...................

1=======1=======1=======1=======
7,947,345.85
3,480,267.47
5, 051,082. 40

~:::::::::::::::::::::
lune............ .........

5,~:~~
• 7, 181,552.58

1uly .. ·•••·•··· ······ ····
August...................
September...............
October..................
November·-······-····-·
December................

3,719,600.17
783,302. 14
6,007,834. 94
297,552. 46
8,572,638.64
1,876,645.61

Total. ......... ....
1935

1anuary ..•..•..........•.
February. .... . ..........
March...................

1----------I 51,052,182. SI

110,943. 34
118,000. 00
1,513,198.99
480,294. 74
3, 528, 60!!. 65
1,017,407.80
296, 429. 81
1, 668, 007. 45
174,680.46
976, 697. 62

·······--····--·-···
···•···········-·-··
•......•....•.•...••
...•..... ···-·······
•
$44. 09
_....• ·- •• _••• ·- ••••

.••.•.•..•...•••••••

.. ················-..• ···- ••.• ·····-···

9, 884, 268. 86
12, 298, 179. 87
44.09
l=======I======= l=======I=======
665,743.09
837, 211. 49
310,207. 55

3,112,439.32
1, 568, 295. 53
(, 313,854.15

1,000.00

~:t::::::::::::::::::::
June.....................

d::~:~
634,361.85

~:~:::::
1,780,896.22

28,000.00

1uly •• ····-··············
August...................
September........... . ...
October··········· ······November·-·············
December................

431,650. 00
408, 747. 118
571,201. 74
1(,056, 891. 28
641,956. 80
11,722,301.51

1,588,310.88
3, 620, 285. U
1, 395,076.09
8,910,430.42
2,403,206.94
4,561,621.67

2,827. 88
11,500.00
9,600. 00
t28. 37
447.24
25,000.00

32,113,357.80

37,805,506.85

78,803.49

Total. -···· ········

2, 413, 955. 10
2,413,955.10
2, 524, 898. 44
2,642,898. 44
(, lM, 09i. -Cl
4, 636,392.17
8, 165, 000. S2
9, 182, 364. 53
9, 4 78, 794. 34
11,146,801.79
11, 321, 482. 25
12,298,179.87

---·----1--------

See fe>otnotes at end of table.

Digitized by

Google

lS, 409,619.19
16,977,914. 72
21, 291, 768. 87
23, 507,068. 55
25,814,859. 36
Z1, 595, 755. 5S
29,181,238.58
32, 790, 023. 72
34, 175, 400. 81
ta, 085, 501. 86
(5, 488, 261. S6
ro, 024, 883. 23

ro, 024, 883. 23

REPORT OF RECONSTRUCTION FINANCE CORPORATION

87

6.-Amount of authorizations, disbursements, repayments, and other reductions, and amount outstanding from Feb. 2, 1982, to lJec. 81, 1988, inclusive, by
classes and months-Continued

TABLE

TOTAL, SEC. 36, TITLE II, OF THE EMERGENCY FARM MORTGAGE ACT OF 1933, AS
AM~; ND ED -Continued

Amount of
authorizations

Year an<l month

1

Amount of
disburst•mC'nts

Amount of repaym,·n ts and other
reductions

Amount out•
standing at end
ol p,•ri0<I

1936

Janunry ...•...•..........
February ..........•.••••
lllarch ...........•.......
April ...••.•.•..•..•.•.•.•
Uay ...•...•..•.•••.•....
June ....•................
July ...•........•........

$515,425. 31
3, f,23, 4S8. ~'II
3, V:.!Y, 171. 00
4, o7tl, 675. 70
2~,363. 40
4, 3:l.5, :l>,li. 70
1, 00~, IJ:.!. 43
3,453.440. 18
l,:l'2:!,t04. f>4
414, Oi•ti. 32
I 1,685, i4ti. 00
800,ti03.24

$1,787,345.64
73, 34,,. 48

$27,049.98
6,000.00
20,500.00
27,986.25
20,517.00
17,001.59
42,444.09
43,994.17
38,417.28
27,226.09
74,641.19

$51,785,178.89

901, f\07. :!8
837,089. i2
90'2, 784. 6~
538,028.02
1, 346, 261. 49

157,832.00

fil. Rfi'2, 524. 37
53,420, no. 01
54, 712. '.'55. ll7
55, 212, 784. 03
56, 110. 212. 82
60, 100, [,()(), 82
60, \158, I l:l. 93
61, 756, 7&1. 37
62, 632, 344. \Kl
63. 095, 731. 73
64, 284, 161. 22

14. 762,887.63

W3,609. 64

64. 28\, JOI. 22

June .•.•....••.•.•.•.•..•
July_ .••.•...•••••.••.•.•
August. .......•.••..•.•.•
Septemher .•.............
Octoher .....•... _........
November _______________
December ......•........ _

597,722.39
1,676,249.50
1,411,310.54
4, 264, 598. 71
300,231.03
t 1,820,027.44
1, 567, 380. 68
t 213, 382. 93
I 361, 21S. 25
I 330, 9i9. 26
I 810,116.88
t 1, 134, 942. 69

885,807.12
1,397,031.81
1, 248, 609. 10
3, 249, 522. 39
677,838.36
1,263, Ml. 45
2, 276, 729. 80
4i0, 325. 43
2,334, 770. 15
102, 746. 17
57,600.62
422, 5i8. 55

6,368.94
29,035.06
73,~.68
131,093.04
164,838.06
104,723.45
83,657.46
26,4().l, 65
197,776.64
120,854.53
34,154.81
172,924.87

66, lti3, 599. 40
66,531,596. 11>
67, 706, 318. 117
70, 8H, 747. 92
71,137,748.22
72, 396, 686. 22
74,589,758.56
75,033, 6i9. 3'
77,170,672.86
77,152,564.49
77, li6, 010. 30
77,425,663.118

Total. .....•....•..

' 14, 488, 160. 30

14,287,220.95

1, 145, 718. 19

77, 425, 663. 98

190,099.95
2,100,697.43
366,167.86
547, ms. 75
1, 775, 116. 73
1,026,907.50
~71. 204. 21
t 1,230,251.41
889,145.49
194. 564. 61
1, OOS, 315. 64
248,844.20

434,194.07
170,815.17
61,167.66
1,335, 8l9. 68
337,464.92
448,786.34
219,771.84
52,526.14
302,641.65
164,mo.58
1,179,678.67
249,825.22

181,234. 70
101,831.55
301,944. 79
ll7,017. 62
86.230.08
24,618.90
109,322.64
187,951.96
t 94,419.29
86, 1%.47
8, 9i4. 88
1 46,134.61

77,678, 6:3. 36
77, i4i, GOO. 97
7i. 506, ~29. 84
78, Vi6, 866. 74
79,401,034.18
79,511, 41:13. 38
79,376,057.56
79, 584, 2711. 92
79, 602, 995. 03
80, 833, 698. 82
81,037,389.43

Augu~t. ________________ . _

September ...............
October .•.•.•..•.•.......
XoYember _...•.•.••.....
December .•••••••........
Total ..•.•.•.•... __

-------' 20, ~43, 303. 71

1, 588,

:.os. 64

1,320, 01~. 21
531, ().15. 06
9().1,430.:lh

4., 032, 73:l. W

1937

January ••••..•••.•..•..••
February ••••.•.•........
March •.•••••••••••..... _
April.. •...••.••..•....••.
~• "·Y .••.....•••••..•....•

1938

January ...•........•...•.

nf:ci~~.~:::::::::::::::
April.. •.•....••.•...•... _

:l.hy .••....•..•.....•..•.
June .......•.•.........•.
July_ .•....••.•...••..•••
August ..•............•.••
September .•.••...•.•.•..
October ......•.••••.•..•.
Kovember ..••••••.•....•
December •..•...••.....•.

78, 715, fi3l. 90

Total. .•••••••••••.

9, 848, 933. 78

4,957, COi. 94

• 1, 345, 876. 49

81,037,389.43

Grand total. ••.•••.

111, 485, 052. 48

84, lll, 441. 33

• 3,074,051.90

81,037,389.43

TOTAL, ACT APPROVED JUNE 10, 1933, AS AMENDED
1938

December.....•.•••••....
Total..............

$4,375,000.00

$4, 375, 000. 00

$4, 375, 000. 00

1---------t---------1-------- - 4,375,000.00
---4, 375, ooo. 00
4, 375, 000. oo ................... .

1934
March

7,500,000.00 __ ------------ ----- - --------------------

~}\:::::::::::::::::: ..... J~?~:~. ::::::~~=~=~=~: :::::::::i~ii~=
tugust......... ..••...•.•
ecember................

10,100,000.00
750, ooo. oo

10,100.000. 00 ••••••••••••••••••••
4,250, ooo. oo
2 , 000. oo

Total. ..••...•••••.

25, 850, 000. 00

25, 850, 000. 00

J

1936

Aanuary ••••••••••••••••...•.•..••••.•.•.•.•••
ugust............ •• • • • . •
160, 000. 00
Total..............

150,000.00

92,000.00

4,375,000.00
15,875,000.00
15,875,000.00
15, 785, 000. 00
25, 885, 000. 00
30, 133, 000. 00
30, 133,000.00

100,000.00
150, 000. 00 ••••••• •• • • • ••• • • • • •

30,033,000.00
30, 183, 000. 00

150,000.00

30,183,000.00

100,000.00

1======1======11======1=====
See footnotes at end of table.

Digitized by

Google

88

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorizations, diaburaements, repayments, and othM reductions, and amount outstanding from Feb. 2, 1932, to Dec. 31, 1938, incl'U8ive, by
classes and months-Continued

TABLE

TOTAL, ACT APPROVED 1UNE 10, 1933, AS AMENDED-Continued
Amount or
authorizations 1

Year and month

Amount of repay•
ments and other
reductions

Amount of
disbursements

Amount out•
standlnl? at end
of period

1936

January •..•••.••. ····-·-- -···-·-·-·-· ----·- ... ... ·--·---------·-MaY-······-----·-·-·-··· ····-···-·-··------- ······ · ··-------··--

$100, ti00.00

S30, 082, 500. 00

1,827. 86

30,080,672.14
30,080,615.111
29, 1155, 616. 111
33, 1155, 616.111

June •• ·····-·------···----·--····-·-·------ -- ·······---- · -·--···li6. 96
July··········---·-··---- -···---------- ____ .. ····· · ····-·····-.. 125,000.00
August ••·--··-- · ···-·-·-·
$4,000,000.00
$4,000,000.00 -·-··-·-············

•~:f

:: ~: tu:

1•2tt:m:gg

::Ws:~::
28,024,430.56

350

~~~J:~.::::::::::::::: :::::::::::::::::::: ::::::::::::::::::::

December.·---·- .. ··- ____ -···---···-·-···- ·· · -- · ··· ·• .. · •-···-···
TotaL ..... ···-·-·-

4,000,672. 14
29,604,622.50
1--------1-------4,000,000.00
4, 578, 377. 50
211, 604,622.50

4,000,000.00

1937

~:1c~Y·::::::::::::::::: :::::::::::::::::::: ::::::::::::::::::::

May •••.• -... .. -· ---····- ··-·-·-·-··-········
June •••••••.•............ -···················
July .••.•..••.....•.... _.-·-·················
August ••..••.....• ·-··· .. -···················
OctobeT ••.••..•.•...•. _.. -···················
December.•............ -.---·-············· ··

··················-·
................ _.__
.......... .... ______
................... _
. . ..................
•...••••••••..•.....

TotaL •.. -.•..•.... ··-················· .•••••.....•••••.•••

330, 9'.1. 96
61,886.73
126,243.05
30,000.00
13,580.26
25,025.26

1--------1------1,836,927.25
27,767,695.25

I=======

1938

January••.•••...• ·-· ·······-·-·-········· ...................... _.
February .••..... -·-····-··················- · . . . . ................
March ••••. ••.. . ----·- ·· · ····-···-·····-····· ····· ·· ···········--

June.··········-· ··· ·-·· · .............. . . .... ··················--

September ......•........ ··············-·····........... .........
October ••.••• .....•.•.• -.
100,000.QO .... . .... .. .... --···
November............... -···················
100,000.00
December................................................. ·-·-··-

27,062,543.82
27,836,300.77
27,806,300.77
27,792,720.51
27,767,695.25

20,000.00
407,305.19
27,176.57
13,421.94
1 13,373. '6
..••.•••••••••••.•••
.••.•.•••••.•.•••.••
• 100,000.00

27,747,695. 25
27,340,390. 06
27,313,213.49
27,299,791.55
27,286,418. 09
27,286,418.09
27,386,418.0II
27,236,418. 09

---1- ------

TotaL .. .••.•.•.•••

100,000.00
100,000.00
• 631,277.16
27,236,418. OIi
l===========I•=======!======='. =======
Grand total........
34,475,000.00
34,475,000.00
7,238,581.91
27,236,418.011

I •

LOANS ON PitEFERBICD STOCK Oli' INSURANCE C'OXPANIICS

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

December••••.. ·-····-···
Total. •... --.•·····

$4,375,000. 00
$4,375,000.00 ······-·············
$4,375,000.00
1--------·l--------1
- -------1------4,375,000.00
4,375,000. 00 •• •• •..•.•..••••••.•
4.375,000.00

1934

March...................
7, 500, 000. 00
1
.·::: :::::::::::::::::
~~·.~~~'.~.
1uly .. .. .............................. ....... ·············-··-···
August...................
10, 000, 000. 00
10,000,000. 00
December................
750, ooo.00
4,250,000.00 •

tr::

t~;::O:~ ......

Total. •.....•••••..

25, 750,000.00

·· 2,000.00

4. 375, 000. 00
16, 875,000.00
16, 876, 000. 00
15,785,000.00
25, 785, 000. 00
30, 033, 000. 00

92,000.00

30,033,000.00

100,000. 00

29, 933, 000. 00
30,083,000.00

100,000.00

30, (El, 000. 00

::::::::::::::::::::
$90,000.00

25, 750, 000. 00

1935

January••.••••....•...•...•••.•.....•.. . ......••••••...........•.
August.... ...............
150, 000. 00
150,000.00
Total. ......•.••••.

150,000.00

150,000.00

1936

January••.• . ....•.. . . -....................... ....••..••.. .......
100,500.00
May ••.••.•.•............ ·············--- · · · ·············-· · ·-···
1,827.86
June • •• •••••..• •..•.. -.•. ············ ··-· ···· ..•••• .•...•...... •.
li6.96
July ..................... ............... _.·: .. ....•••• .... ..... . ..
125,000. 00
August.......... .........
4, 000,000.00
4,000,000.00 .....•..••.....•.••.
October •.•.•....••••••... ····-······· : ............ .... ...... . ....
350,000. 00
November........................... •-······ ... ... ..... .........
320. 55
December................ ...........•...••.•• ..••••••••......•...
,, 000, 672. 14
Total. •••••••••••••

4,000,000.00

4,000,000. 00

4,678,377.50

See footnotes at end of table.

Digitized by

Google

29, 982, 500. 00
29,980, 672. 14
29,980,615.19
29, 855, 615. 19
83, 8:.S, 615. 10

33,505, 615.111
33, 505, 294. 6'
29, 504, 6:.?2. 50

29, 504, 622. liO

REPORT OF RECONSTHl'CTION FINANCE CORPORATION

89

6.-Amount of authorizaiiom, disbursements, repayments, and other reductions, and amount oulslandi11g from Feb. £, 1982, to Dec. Sl, 1938, inclusive, by
classes and monlha-Contin1H'd

TABLE

J,OANS OM PREFSRREI• 8To:1t or INSURANCII COIIP.UflJ:S-Contlnued

Year and month

_\yr,r1tt:1t n(

I

!

Amount of

rl :!'-bur:.-:c rnrn ts

1111thoriz.ut.i11ns 1

.Amount of rrpay.
ment~ and other
reductions

.Amount nut•
stand;ng at end
or p,,riod

1-------

1937

1anuary.................. .................... ....................
March .••.•.•.•..•.•...•..............•.•.••• ·······-···•········
May ..................... ······-············· ··········-·········
June .•..•...•.••.•.••.••• ··-··---························-·--····
July_ ..••.•...•••. -·. -· ......•....•••..••.•••.••••......... ·-....
August ..•...........•.•.•..•.... ··-·· ...•.....••.............. ·-·
October.................. .•. .. .••.• .... .••••• ••••.•........ .. ....
December •.••••..... ___ .. ---····•---··--·---- -·-·--·--------- ....
Total •• ___ • ________ ···---------·-·····- ------·-··---··-·--·

$1,235,000.00
14,2W.OO
330,941.95
61,881\. i3
126, 243. 05
30,000.00
13, 1i80. 26
25,025.26

f28,269,622.60
28,255,372.50
27,924,430.55
27,862,543.82
27, 736, 300. 77
27, 70f>, 300. 77
27, f.92, 720. 51
27,667,695.25

1,836,927.25

27,667,69.~.25

1-------+-------

1938

1anuary·-··-··----·----·- ··-·---·-····-·-·--· ---------··-·····-·20,000. CO
February····-····-·----- --······----·--·---- ----··---····-······
407,305.19
March •••••• ·-·········-- ·-··-··-·--·-·-·-··· --·--·----··-·····-·
27,176.57
June.·-··-·············-- ·····-·····------··· ··-···-··-··-·--····
13,421.94
September .. --····-···-·--·------··--··---··-·········--·----····
113,373.46
October_·-·······-··-··-·
$100,000.00 ·-······-------····- ·--······-··········
November.. ,·-----····-·-····---·····--·····
$100,000.00 ········--····-----·
December.·-·-····---·-·-···----·-··-·-··-···....................
• 100,000.00
Total. .•••.... ·-··· 1
Grand total.. .• _.__

100,000. oo
34,375,000.00

I

SUBSCRIPTION FOR PREFERRED

100,000. oo
34,375,000.00
STOCK

• 631,277.16 I

I •7,238,681.91 !

27,647,685.25
27, 240, 390. 06
27,213, 21:i. 49
27, 199,791.56
27,186,418.09
27, 18ft, 418.09
27, 2~r.. 418. 09
27, 136,418.09
27,136,418.09
27, 136, 418. OIi

or AN INSUBANCII C0KPANY

[Under the act approved Iune IO, 1933, as amended]
1934

August...................
Grand total........

$100,000.00

$100,000.00 •.•••••••••.•••..•••

$100,000.00

100, ooo. 00

100, ooo. 00 .....•.•••••••••..••

100,000.00

>--------·>-------·0--------1-------

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

1une .•. -.................
$600,000.00 ··········-···-·-··· .••••..•..•..•..•••••••.•..••...•..•••
July ..•...••••••••••••••• ············--····-·
$2i, 690. 00 ··········-·········
$27,690.00
August_················-·····-·····-·········
78,700.00 ···················106,390.00
September...............
1,550,000.00
9,650.00 ·················--ll6,040.00
October ••.•••.....••..... ·-·-····--·······•··
18. 500. 00 ···············-····
134,540.00
November_···········-·· ···············-····
3~0. 00 ···············-····
134,930.00
December.•.. ·-···-······ ················-···
25,500.00 ··············-·---·
160,430.00
Total ••••••••••••••

2, 150, 000. 00

160. 430. 00

160,430.00

1935

Il~r~li"?·---··-······--·· --················-·

21J; ~: ~ ····················

June .. -••....••••••••.•..
August._ .....••••••....•.
Beptember •• ·-····-······
October...•.•..•.•••...••
November_..............
December••..............

············-·······

3,000.00
18. 385. 00

300. 00
4,400.00

202,205.00
223,155.00
225,155.00
239,685.00
239,535.00
231,335.00
484,335.00
1, 234, 085. 00
1, 232, 665. 00
1, 235, 365. 00
1, 249, 350. 00

150,000.00

1, 101, 285. 00

12,365.00

1, 249, 350. 00

19,150.00
6,500.00
12,425.00
17,600.00
355,245.00

6,848.25
327. 93
1.971.23
7,3M.14
34,307.46

1, 262, 651. 76
1, 268, 823, 82
1, 2i 9, 277. 59
1, 289, 613. 45
I, 610, 550. 99

1anuRrY·-··········-····· ····-·······--···-··

41,950.00

176. 00

~:t······--·········-·· --·····-·-··-······· .......... 16,000. 00.

Total.··-···- __ .•..
1936

•
~
······-············-····--···--···-·····
6,200.00
·-··-·········-···-·
250,000.00 ·················-··
·······-············
750,000.00
250. 00
···········--··---·-···-···············1,420.00
150,000.00

t:;8:

1======1======1,=====,1=====

1anuary_···-·-···········
50,000.00
February .••.•••.••••.... -·-. ····-·····- ···-·
March.······-··········- ··················- _
ApriL ....•.•.••.•. _.....
629. 517. 00
May····-·····-··········
780. 667. 75
See footnotes at end of table.

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90

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorizations, disbursements, repayments, and other reductions, and amount outstanding from Feb. 2, 1932, to Dec. 31, 1938, inclusive, by
classes and months-Continued

TABLE

TOTAL, ACT APPROVED APR. 13, 1934, AS AMENDED-Continued

Year and month

Amount of
authorizations

1

Amount of repay.
men ts and 0t her
reductions

Amount of
disbursements

Amount out•
standlng Rt end
of period

1936

$5,347.19
4,882.72
973,124.98
IO, 054. 56
11,215.95
9,901.09
18,860.56

$1. m, 46.'i. 03
2, 006. 907. 73
1,293,410. 1\8
I, 409,487. 12
1. 498. 371. 0.5
1. f,64. 722. !l6
1, 789, 714. 32

1, 623, 560. 38

1, 083, 190. 06

1, 789. 714. 32

65, 738. 25
55,708.59
24;62,5. 00
102,800.00
57,600.00
38,000.00
49,900.00
38,300.00
42,700.00
30,130.00
28,510.00
36,560.00

15,081.27
16,597.33
17. 036. 22
18,032.55
29,319.28
35,849.53
22,683.88
32,367.01
39,203.77
28,856.47
20,984.28
28,856.50

1, 840. 371. 30
1. 8i9. 482 ..56
1,887.071. 31
I, 9il. 83S. 79
2,000, ll9. .51
2. 002. 2n9. 98
2, 029, 486. 10
2. O:l.5, 419. 09
2. 038. 915. 32
2, 040, 188. 85
2, 047, ·, 14. !>l
2,055,418.07

570,571.84

304,868.09

2,055.418. 07

25,912.46
17,540.39
20,276.69
12,634.76
18,800.19
18,891.24
176.078. 00
22,810.14
1 20,104.97
16,970.63
17,724.08
'13, Ot2. 83

2, 032, 105 61
2, 014, 565. 22
1, 994, 288. 53
1,981,653. ii
1,962. 8.53. 58
1, 943, 9fl2. 34
1, 767, 884. 34
1,757.074 20
1, 73f>.969. 23
1, 723, 498. ti()
1, 705, 774 . .52
1, 692, 731. 69

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

$1, 213, 459. 00
195,195.00
117. 505. 00
62. 345. 00
46. 575. 00
98,750 00
80, ,50. 00

$172,261.23
234,325.42
259,627.93
126,131.00
100,102.88
176,250.00
143,851.92

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

3, 274, 763. 75

1937

January..................
15,900.00
February................
6,325.00
March...................
21. ,500. 00
April.....................
6,700.00
May.....................
31. 700. 00
June.....................
30. 000. 00
July......................
5,300.00
Aumst...................
14,500.00
September...............
1,000.00
October..................
12,000.00
November •.....................•.•..........
December................
600. 00
Total. •............

145,525.00

f-----

1938

January..................
14,000.00
2,600.00
February •...................•.................•................
March .......................................................... .
April ...........................................•.................
May .............................•...............................
June .....•....................•...................•..............

July ...............•...........•.•...............••...•...........

Au1mst................... ....................
12,000.00
September ...................................................... .
October......................................
3,500.00
November ..................•....................................
December ....................................................... .
Total..............
OrandtotqJ........

14,000.00

18,100.00

' 380, 786, 38

1, 692, 731. 69

5,734,288.75

3,473 947.22

• 1, 781, 215. 53

1, 692. 73J. 69

l=======l=======l=======I=

TOTAL, SECTION 14 OF THE ACT APPROVED JUNE 19, 1934, AS AMENDED
(Loans to borrowers engaged In the mining, milling, or smelting of ores)
1935

February................
March...................

trat····················

June.....................

July......................

$168,000.00
432,000.00

·m:~:~

3

541,000.00
750,000.00
348, 000. 00
545,000.00

August...................
September...............
October.•..................•.................
November...............
60,000.00
December................
23,000.00
Total. ..........•..

$8,000.00
272,000.00
65,000.00
319,000.00
111,000.00
58,000.00
12, 000. 00
87,000.00

·t8: ooo:

..••••••••••••..•••• - •••••
00
·•··•••••••·•·••·••·
280,000. 00
..••••••••••••.••••.
345.000. 00
...•••••••••••..•••.
664,000.00
.•....••••••••••..•.
775,000.00
.•••.••••••••• .. .•..
833. 000. 00
845, 000. 00
$15,000.00
917,000. 00

6,307,000.00

932,000.00

15,000.00

917,000.00

335. 000. 00
185,000.00
351,000.00

20,000.00
15,000.00
103,000.00
33,000.00
41,000.00
17. 000. 00
80,000.00
308,000.00
132,000.00

80,000.00

857,000.00
872,000.00
975,000.00
978. 000. 00
979,000.00
691,000.00
746,000.00
1, 054, 000 00
1, 186, 000. 00

1936

Janlll\r:,..................
February................
March...................

tf:~L....................

~: 888:~

June.....................
July......................

18R, 500. 00
131,000.00

August. ...............•...•.....•............
Septem bcr...............
292, 500. 00
See footnotes at end of table.

30,000.00
40,000.00
305,000.00
25,000.00

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REPORT OF RECO~STRUCTIO:--. FINANCE CORPORA'.rION

91

6.-Amount of authorizations, disbursements, repayments, and other reductions, and amount outstanding from Feb. 2, 1932, to Dec. 31, 1938, inclusive, by
classes and months-Continued

TABLE

TOTAL. SECTION 14 OF THE ACT APPROVED JU'<E 19, 193t, AS A'.\IE:'.',"DED-Continued
Amount or

Year and month

authori1.~ltions 1

Amount of
<iisburscmcnLs

Amount of repay.
nwnts and nther

Amount out•
standing at. end

reductions

of puit,d

1936

October.•........••......
November .............. .
December............... .
Total..............

$252. 500. 00
20. 000 00
39,000.00

$73. 500. 00
47,000.00
71,000.00

2,601.500. 00
OtO. 500. 00
l=======I=======

$40,000.00

$1,259,500. 00
l. JOG, 500. 00
l, 337,500. 00

520. 000 00

l, 33i, 500. 00

I, 344,500. 00
l, 3r,3, 500. 00
l, 438, 805. 79
l, 548. 805. 79
l, 053, 805. 79
l, 879, 805. i9
I. 879, 805. 79
2,053, 80:\. 79
2, 164, 80'>. 79
2,178.423. 52
2, 179, 308. 98
2, 162, 423. 52

1937

Janmry.... ..............
550. 000. 00
Febru:iry.... .• . . . . . . . . . .
325, 000. 00
March...................
20,000.00
April.....................
33S, 000. 00
M"y................. ....
64,000.00
1une. .......... .•. . ... . . .
100. 000. 00
July.....................
57,000.00
August ................. _.
20. 000. 00
September...............
606,000.00
October .........•..............••.....
No,·ember...............
250. 000. 00
December ............. __ .
20. 000. 00
Total..............
1938

37,000.00
19,000.00

30,000.00

!4S, 000. 00

72, 69t. 21

110. 000. 00
12S, 000. 00
280. 000. 00
30. 000. 00
199. 000. 00
131,000.00
Jt. 000. 00
51. 000. 00
12t, 000. 00

20. 000. 00
60.000. 00
30. 000. 00
2b. 000. 00
20,000.00
20,382.27
50,114.54
140,885.46

2, 162, 423, 52
2. 350,000. 00
l, 29t, 000. 00
469,076.48
l = = = = = = l = = = = = = l , = = = = =01 = = = = =

January..................
20,000.00
February ••...................•.........•....
March .................. _ ......•....... --•··.
April.....................
13,000.00
May.....................
200,000.00
June .••......... _........
6.,9, 000. 00
July.....................
25,000.00
August...................
160. 000, 00
September...............
20,000.00
October..................
180, 000. 00
Novem her .......... __ ...
100, 000. 00
December .•.......................•..........

71,000.00
3, 175. 16
119,000.00
........
1s1,ooo.oo ··•····•··10,ooo.oo
92, 000. 00
140, 000. 00
20, 000. 00
51,000.00
15,000.00
65,000.00
75,000, 00
99, 000. 00
5, 000. 00
104. 300. 00
I 8(), 000. 00
34, 500. 00
25. 000. 00
74,000.00
40. 600. 00
4 40, 000, 00
11, 900. 00

2, 230, 248. 36
2,349.248. 36
2,490,248.36
2, 582, 24/l. 36
2, i02, 248. 36
2,738,248.36
2,728,248.36
2, 823, 148. 36
2,847,448, 36
2, 851), 948. 36
2,823,548.36
2, i95, 448. 36

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

Total. •.•...•...... i===l,~3=7=7,=000=.=oo=l,===9=80=,2=00=·=00=1==='=34=7=,=17=5=.1=6=1===2~,7=9=5=,4=4=8.=36
Grand total........
12, 635, 500. 00
4, 146, iOO. 00
'I, 351, 251. 64
2, i95, 448. 36
TOTAL, SEC. 16 OF THE ACT APPROVED JUNE 19, 1934, AS AMENDED
[Loan to a public-school authority for payment of teachers' salaries due prior to June I, 1934]
1934

August...................
$22,500,000.00
$22,300,000.00 .•••••.........•.•..
December................ .....•...•.......... .............•...•..
$22,300,000.00
Grand total. ...... .

22, 500, 000. 00

22, 300, 000. 00

22, 300, 000. 00

$22, 300, 000. 00
22, 300, 000. 00

TOTAL, ACT APPROVED AUG. 24, 1935
[Loans to or for the benefit of tax•supported puhlic•school districts or other similar public•school authorities
in charge of public schools]
1936

$3:iJgg
gg
208,500.00

JJ{uepnn~uarefj1~Y_-_- _-:::::::::::: :
August..................
September...............
October..................
DecembAr ...............
Total..............

s~!'.~&:~
257,000, 00 ......................••...•.•.•.•.••.....••.•.....••.....
30,000.00 .•...................•••.•••.•.•....•........•...•...•....
181,000.00 .........................••........••...........•..•.....•

t-------·1--------1
I, 765, 720. 47

See footnotes at end of table.

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92

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorizations, disbursements, repayment&, and other reduc,tions, and amount outstanding from Feb. 2, 1932, to Dec. 31, 1938, inclusive, by
classes and months-Continued

TABLE

TOTAL, ACT APPROVED AUG. 24, 1930-Continued

Year and month

Amonntof
authorizations •

Amount of
disbursements

Amount or repay•
ments and other
reductions

Amount outstanding at end
or period

1937
January..................
$15,500.00
$53,420.47 ··-·--·-·-····-·-···
March...................
153,000.00
April....................
70,937.08 ....................••.•.•••.••••....••.
May ..•..........................•...........
22,500.00
15,500.00
July .•....•.•••.......••...•.................
43,666.23
August. .•.•.•...•.....••......•..............
13,333.32
September...............
579. 53
1,579.98
November .•.................................
Total.._ .••.....•..

240,016.61

150, 000. 00

>--------,--

1938
May.....................
1,062.92
September.......................................................
Total..............

$500.00

$53,420.47
53,420.47
53, <l20. 47
75,920.47
91,420.47
135,086.70
148,4:20.02
150,000.00
150,000.00
150,000.00
149,500.00

1,062.92 ....................
500.00
149,500.00
1=======1=======1=======1====== =
2, 006, 800. 00
150, 000. 00
• 500. 00
149, 500. 00
0

Grand total........

TOTAL, ACT APPROVED MAY 20, 1936, AS AMENDED
[Loan to the Rural Electriflcation Administration]
1936
October..................
Total... ........•..

$1, 000, 000. 00

$100, 000. 00

$100,000.00

1,000,000.00

100,000.00

100,000.00

298,000.00
200,000.00
402,000.00
1, 400, 000. 00
1, 600,000. 00
900,000.00
1, 050, 000. 00
2,475,000.00
3, 275, 000. 00
5, 1.50, 000. 00
4, 750, 000. 00

$2,42-0.46

398. 000.00
598,000.00
1, 000. 000. 00
2, 400, 000. 00
4, 000, 000. 00
4,897, 5i4. 54
5,947,574.54
8,422,574.54
11,697,574.54
16,847,574.54
21,597, 5i4. 54

21, 500, 000. 00

2,425.46

21, 697, 574. 54

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

1937
February ...•.•...•.••.•.••..•..•.••••.....•.
March ...•.....•.............••..............
April. ...••....•......•• :
15,000,000.00
May •.....•.........•.........•.•..•......•.•
June.....................
30,500,000.00
July ....•.•.•••.•.....•.. ·················-•·
August. ......••••••.......•.•..........•.....
September .•........•..•..•.•..•..•.•...•....
October ••.•.....•.•.•.... -·--···-·-··········
November •.•...•...•.•...•....•.•••.•....•..
December•••••••..•••••.. ··-····--·-·········
Total ••••••...•..•.

45, 500, 000. 00

1938
January ••••••.••••....•.. •···················
February ••••..........•. ·•·-···········---··
March ..•...••.....•..•••..•....•...•..••.••.
April •.•.•.••....................•........••..
May ..................... ................... .
June ....•...•......••...........••.•.........
August...................
10,000, ooo. 00
September._ • •. . . • . . • • . . .
20, 000, 000. 00
November...............
30,000,000.00
Total..............
Grand total........

60, 000, 000. 00
I=======
106, 500, 000. 00

4, 457, 000. 00
3, 450, 000. 00
2, 250, 000. 00
2, 000, 000. 00
1, 400, 000. 00
11,343,000. 00

24, 900, 000. 00

26, 054, 574. 54
29,504,574.54
31, 754,574.54
33, 754, 57 4. 54
3-0, 154, 5i4. 54
46, 497, .,7 4. 54
46,497,574.54
46,497,574.54
46,497,574.54
(•)

46, 500, 000. 00

• 2,425.46

46,497,574.54
46,497,574.54

These figures have been adjusted on account of rescissions.
• Revised.
Includes $193,618,000 representing refinancing of loans previously made by the Corporation to Federal
land banks for different individual amounts, but in the same aggregate amount.
• Exclusive of repayments unallocated, pending advices, as of Dec. 31, 1938.
• Of this amount, $282,825,766.70 represents cancelation of the Corporation's notes1 _pursuant to the pre•
visions of the act approved Feb. 24, 1938, equivalent to the balance of the amounts wsbursed for relief and
work relief under title I of the Emergency Relief and Construction Act of 1932, as amended.
• Represents refinancing of loans previously made by the Corporation to Federal land banks for different
Individual amounts, but in the same aggregate amount.
1 Represents increases due to accounting adjustments in loans previously authorized.
1 Includes authorizations of $1,604,712,664.99 to the Commodity Credit Corporation, of which $767,716962.21 was disbursed and repaid.
• Represents cancelation of the Corporation's notes, pursuant to the provisions of the act approved Feb.
24, 1938, equivalent to the balance of the amounts disbursed.
1

1

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7.-Loans to aid in the reorganization or liquidation of closed banks and trust companies from Feb. 2, 19,'12, to Dec. 31, 1938, inclusive,
by States (includes loans to receivers, liquidating agents, and conservators, and loans through mortgage loan companies to aid in the reorganization or liquidation of closed banks, under sec. 5 of the Reconstruction Finance Corporation Act, as amended; and loans on the asseta
of closed banks and trust companies under sec. 5e of the Reconstruction Finance Corporation Act, as amended)

TABLE

~

t'.l

BANKS AND TRUST COMPANIES

tot,

National 1
State

I

Amount
authorized

Amount with<lruwn or

canceled

I

All others

Amount disbursed

Amount
authorized

Amount withdrawn or
canceled

Amount dis·
bursed

0

~
~

Total

Amount
authorized

Amount withdrawn or
canceled

Amount disbursed

0
"-':I
~

t".l

0

cg:N.
(1)

0.

CY

'<

CJ
0

~.......
('i)

AlRbama ____________________
Arizona _____________________
Arkansas ___ • _______________
California ___________________
Colorado____________________
Connecticut_. ______________
Distriet of Columhia ________
Florida_ •.• _________________
Georgia _____________________
Idaho _______________________
lllinois ______________________
Indiana _____________________
Iowa ________________________
Kansas _____________________
Kentucky ___________________
Louisiana. __________________
Mninc ______________________
Maryland __________________
Massachusetts ______________
Michi~an ___________________
Minnesota __________________
Mississippi.. _______________
Missouri. ___________________
Montana ____________________
Nebraska ___________________
Nevada. ____________________
New Hampshire ____________
New Jersey _________________
New Mexico ________________
New York __________________
North CarolinR _____________

$1,173,300.00
217,000. UO
I, 785, 200. 110
13,948. 4S1. 71
I, 867,950.20

$382, 402. 20
67,600.00
325,401.29

2,842, 51.M. :l7
439, 019. fi3

$700, 897. 80
149,400.00

$.5, 107. 812. 4fi

I. 428 948. 71

8, 4~7. GI8. 44
3,3M,fi81.H
71. 5/Kl. 00
3,331, ()()()_ 00

ll,OW.SOI.R2
I, 428,930.57

---------------------------------------------16, 664, 341. 35
14, 127, :.392. !Ni
2, 392. 948. 39
1,866, 31!0. 00
fil3, &IKI. 00
3, li28, 400. 00
37,756,212. 96
21,230,926.87
11,401,002.20
2, 285, 700. 00
8, 9.'iu, 572. 41
336,300.00
11, 823, 200. 00
3, 499, 0.36. 28
10, 250, 700 00
259.846,0·1:Ui8
2,638, 747. 13
2, 902, 400. 00
7,971, /iOO. 00
465,200.00
I, 518, 12fi. 58
005, 000. 00

720,503.82

65,000.00
7, 134, 900. 00

$2, 703, 267. 89
117,198.27
3, 63R, 852. 33
21)3, 443. 00
2,951. 70
675,234.48

$2, 404, 544. 57
130. 301. 73
4, 850, 766. 11
3, 07:l, 237. 54
r,i,, o-18. 30
2, 655, 765. 52

---------------------------------------------4, 9.'7, 072. 27
3, 024, 308. 48
I, 932, 763. 79

l, 145, i9fi.18
309,168.55
4, 69'J, OOIJ. 51
3, 21,4, 193. 27 ---------------2S, 393.413. 27
30, liOX, 964. 86
If>. 4!~). 278. 27
6, 40~. 375. 85
\I, ():,1\, 4::8. 94
7, 4:30, 71Kl. 00
1. 630, fi,\5. 40
1,411,()(JO.OO
6,473, 00:l. 55
1,231,788.82
105. IMlO. (JO
47,550. lflfi. 10
11,023,764.68
31, 8.o>;. 77G. 50
2, 8!>5, 560. 69
10, 21i9. 024. 00
20, -1,;s, 148. 32
7, 7fi3, OG2. 98
214,093.943. 39
fi2, 438,091.44
3. 130, 10(). 00
2,007,054. 61
2, 302, 725. 00
4, 1118, o5U. 94
5, 6,\4, 741. 32
9,643, 227. 37
337,500.00
674. 000. 00
I, 141,523 ..'i!!
2, 5.12, 978. 69
695,800.00
I, 977. 364. 19
500,000.00
---------------6,680. 748. 15
16,985, 141. 76
9,231.000. 00
25,800.00
:l9, 200. 00
4 J:l. 473. 54
6, 2tl2, l 8.'"1. 78
37,088.505. 29
17. "'"· 943. 48
1, 790, 192. 11
5,315,707.89
8, OSI, 751. 48

204,631.45

364, 20fi. 73
9, 200, 49\J. 69
4, 693, 44K GO
2, :l22, 8f,l. 26
655, OH. 60
2,047, MS. 811
231,300.00
787,435.32
579,475. 59
2,401,237.02
45, G61, 222. 20
563,102.52
599, 67:.. 00
2,307, 758 G8
126. 2()(), 00
37n, 603. oo
209,200.00

------------------------------23,729,489.91
44, 268, 593. 35

247, !'100. 00

2, 056, 933. 06

2, G05, 262. 42

------------------------------19,032,949.44
10,976,015.42
2, 480, 045. 34
1, 0!18, 168. 76
539,242.84

395,877.53
11,070,156.94
3, :!74, 615. 84
1, f>Rfi, 286. 22
2, 596, 473. 52
21,397,682.45
2,370,467. 20
906,326.95
2,0fil,234. IO
76,380.34
815,844. ~>()
431,355.94
39 • .597. 69
5,161,574.59
34, 9%. 50
7,168,496.15
4,619,964.84

3, 51\4, 930. 51
6, 332, 531. 24
Xii, 757. 16
835,911.29
36, 480, 009. 16
28,484, lf-0. 66
8, 582, 737. 78
22, S71, 674. 80
40,051, ]Oil. 99
7.59. 632. 80
3, f,f,2, 2.12. 99
7,574, 280. 51
5il, 079. 23
1. 717, 134. 49
1,516,008.25
4f.O, 402. 31
4, Oli9, 425. 41
378,477.04
10,337,247.33
3,461,786.64

$6,281, ll2. 46
464,500.00
10. 272,818.44
17,315,166.15
1,939,450. 20
3,331,000.00
16,664,341.35
6, 823. 372. 27
~. 213, 40!). 51
3, 628, 400. 00
67,765,177.82
27,639,302. 72
18,831,702.20
3, 696, 700. 00
10,188,361.23
4 7, 886, 466. 10
43,681,976.50
13, 768, Of-0. 28
35,718,848.32
322. 21'4, 735. 12
5, 7f>8, 817. 13
7,520,959.94
17,614,727.37
1,139.200. 00
4,051,105.27
2, 882, 364. 19
500.000. 00
32,963.489. 91
478,473.54
61, 833, 536. R.1
15, 216, 651. 48

t3, ORS. 670. 09

$3. 195. H2. 37

1~1. 7H~. 27
3, 9t\2. 2o:l 62
3,136,037.27
441,971.33
R7.5, 234. ·18
2, 392, 948. 39
3. 744,812.30
2,2fil,5M.fil
361,200. 73
20, 176, 515. II
7, 17:l, 493. 94
3,421,032.02
1,194,287.44
2, 443, 546. 39
11,301,456.94
4, 162,051. 16
2. 265, iii!. 81
4, 99i, 710. 54
67, 058, 904. 65
2, 933, 659. 72
I, 55fi, 001. 95
4, 3f>8, W2. 78
202,586.34
1,192,447.20
640,555.94
39,597.69
11, 845, 322. 74
60,796.50
13, 420, 68 I . 93
6, 410, I 56. 95

27~1. 701.
6, 27Y. 7 H.
14, lfl7. 039.
I, 497, 47~.

73
~2
16

~i
2, 6.';5, 71i5. !12

14 127,• 3~1~. 96
3, 078, fi5Y. ffi
2,914,430.97
3, 264. W3. 27

47, 42ti, 3fi2. 71
20, OM, 208. 78
15, 38-9, 970. 18
2,502,412.56
7,309,814.84
36, /i85, 009. 16

39, 507, H25. 34
11, 438, 2'.J8. 47
30, r,34, n1. 78
254, 145, 052. 38
2, 82fi. 6~7. 41
5, 9f>I, 957. 99
13, 229, 021. 83
908,579.23
2, 858, 6.'i8. 07
2,241, 80.~. 25
460,402.31
21,054, 51l7.17
417,677.04
47,425,752.62
8,777,494.53

a

0

z

1:12

.,3

~
~

("}

....
0
z
....~
z
z>
a
.,3

t".l

a

0
::tl
"O

0

~

>
~

....
0
z

• Includes Distriet of Columbia b>1nks and trust companies_
~
~

1.-Loans to aid in the reorganization or liquidation of closed banks and trust companies from Feb. 2, 1932, to Dec. 31, 1938, inclusive,
by States (includes loans to receivers, liquidating agents, and conservators, and loans through mortgage loan companies to aid in the reorganization or liquidation of closed banks, under sec. 5 of the Reconstruction Finance Corporation Act, as amended; and loans on the assets
of closed banks and lrust companies under sec. 5e of the Reconstruction Finance Corporation Act, as amended)-Continued

TABLE

C:O

~
~

tg
"C

BANKS AND TRUST COMPANIES

0
National
State

Amount
authorized

Amount with•
drawn or

canceled

All others
Amount dis•
bursed

Amount
authorized

Amount with•
drawn or
canceled

~

Total
Amount dis•
bursed

Amount

Amount with•

authorized

canceled

drawn or

1-3
0
Amount dis•
bursed

'%J
~

tr.l

a

0

cg:

;;a·

(1)
Q_

~

CJ
0

~

~

North Dakota............... $2, 5.~9,264.68
$919,748.12
$1,669,516.56
$52,079.30
Ohio .................. . ..... 14,387,664.07
3,274,229.27
10,891,534.80 254, 630, 592. 50
Oklahoma...................
2,261,303.15
992,548.39
1,268, 754. 76
769,918.00
Oregon......................
3,237,800.00
391,767.84
2, 782, 132. 16
733,920.25
Pennsylvania............... 82, 459, 084. 97
21,756,844. 60
59, 749, 840. 37
49,778,479.65
Rhode Island ......................•••....•.••...•...............•..........
1, 373,413.40
South Carolina..............
6, 651, 680. 14
1, 480, 048. I 9
5, 171, 631. 95
2, 439, 763. 16
South Dakota..............
1,295,184.30
276,620.62
1,018,563.68
1,249,548.26
Tennessee................... 16, 761, 143. 68
971, 879. 72
15, 703, 663. 96
1,492,875.64
Texas.......................
5,966,434.14
1,011,946.55
4,954,487.59
6, 933, 607. 27
Utah........................
39, 500. 00
4, 500. 00
35, 000. 00
4, 388, 776. 52
Vermont....................
1,349,800.00
284,800. 71
1,064,999.29
Virginia.....................
2,199,700.00
412,334.96
1,787,365.04
5, 320, 500. 00
Washington.................
9,255,369.82
1,061,411. 79
8,103,958.
11,314,516.19
West Virginia...............
8,507,884.16
1,222,893.37
7, 21fi, 990. 79
4,717, 256. 00
6, 632, 006. 05
Wisconsin...................
7, 101,721.08
1,646,766.26
5,454,954.82
185,500.00
Wyoming ..•.••.............
1, 485, 000. 00
Puerto Rico................ .

$12,247.68
64, 268, 086. 27
438,320.34
235,022.55
24, 338, 633. 72
255,283.36
367,653.31
824,596.73
539,733. 70
803,137.19
2,391,822.86

o.,

Total.. ..••........••. ! 664,712,961.82

I 130,959,397.65 I 530,223,844.08 I 666,212,580.89 I 195,756,481. 74

$39,831.62
175, 941, 646. 71
331,597.66
498,897.70
25, 439, 845. 93
1, U8. 130. 04
2, 067, 609. 85
424,951.53
953,141.94
6, 130, 470. 08
I, 996, 953. 66
4, 408, 616. 75
9,628, 738. 14
2, 668. 388. 72
2, 013, 466. 07

[ 453,028,954.41

$2,641, 34~- 98
269,018,256.57
3,031,221.15
3, 971, 720. 25
132, 237, 564. 62
1,373,413.40
9,091,443.30
2, 544, 732. 56
18, 254,019. 32
12,900,041.41
4, 428, 276. 52
1,349,800. 00
7, 520, 200. 00
20, 569, 886. 01
13,225.140. 16
13, 733, 727. 13
185,500.00
1, 485, 000. 00
1, 330, 925, 542. 71

$931, 995. 80
67,542,315.54
1, 430, 868. 73
626,790.39
46, 095. 478. 32
255,283.36
1,847,701.50
1, 101, 217. 35
1, 511, 613. 42
1,815,083. 74
2, 396, 322. 86
284.800. 71
I, 324, 218. 21
2, 714, 565. 84
3, 271, 760. 65
6, 265, 306. 24
185,500.00

$1, 709, 348. 18
186, 833, 181. 51
I, 600, 352. 42
3, 281, 029. 86
85, 189, 686. 30
1, 118, 130. 04
7, 239, 241. 80
l, «3, 515. 21
16, 656, 805. 90
11,084,957.67
2, 031, 953. 66
1, 064, 999. 29
6, 195, 981. 79
17,822,696.17
9,884,379.51
7, 46S, 420. 89

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

326, 715, 879. 39

983, 252, 798. 49

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

~
r:,;.
1-3

~

0

a

1-3

1-t

0

z
l:;j

:z
1-t

0
tg

a
0

~

"C
0

=:e

-

~
0

~

95

REPOH'f OF HECu;:o.;:;THlTTic 1:--; Fl~A~L'E CUIU'ORATION

8.-Loa1•8 on and purchases of preferred stock, a11d purchases of capital
notes or debn1t11rc&, of banks a11d trust companies, disbursed from ,Har. 9, 1983,
to Dec. SJ, J/J;:;8, i11clusive; and 011'standing a8 of Dec. 31, 1938 (under 8ec. 304,
titli Ill, of the act approved .\far. 9, 19.3.J, as amended)

TABLE

IIA:--;KS A:-;D TRl"ST CO:\IPA1'1ES

l____o_is_b_u_rse_d_ _ _ _ l
Stale

I

l\'uml><'r of '
lnu1ks nnd j
trust
, r<ompnnies•

l

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

&:~if1~!~::::::::::::::::::::::::::::::::::l

!

1,098, 914, 161. 56

139
198
112
111
31
65
67
184
258
148

220
57
148
4
9

207
19

477
133
129

388
46
53
286
4

~r:!i~!rt~'.~::::::
:::: :::::::: ::::::::::::
Wyoming ..........•............•.......•..

Oraod totaL ••.•..•.•.......• .. ... .

1
6,097

II

22t
281

~~?uW?.i:::::::::::::::::::::::::::::::::

Total. •..... ..•..... ..•.•......... . ..
Subscriptions for preferred stock of:
Export-Import Bank of Washington •••.
Second Export•Import Bank of Wash•
ington, D . C .•••••••.••••••...•.• ...•

$1 5. 853,575.00
2, 430. 000. 00
4. 419, 000.00
68. 502, 42;,. 00
4, ~9:l. 500. 00
7, 19'2, 1:lfl.00
f.67,300.00
2,900.000. 00
2, 176,200.00
4, 835, 500. 00
2, 130,000.00
91,581.114. 17
16, 791,250.00
10, 248, 000. 00
5, 272,750. 00
8. 879, 850. 00
15,547,000.00
II, 125. 500. 00
9, 3·18, 170. 00
16, 671, 200. 00
40, 725, 261. 00
17,378,525.00
14, ~13, 150. 00
20,801, 125. 00
4, 030, 500. 00
8, 534. 0,\0. 00
205, 000.00
7.st.635.00
78, 345,016.07
715,000.00
317,238,589.16
7,488,500.00
4,014.500. 00
93,372,237. 00
10,934,000. 00
I, 950. 000. 00
45, 99.o. 096. 50
898. 500.00
2,771.800. 00
4, 438, 100. 00
12,559,050.00
31,374, 125. 00
3, 995, 000. 00
11, 370, 62.,. oo
10, 694, 650. 00
6, 064, 500. 00
6. 461, 066. 66
33,347, 100. 00
1,367,500.00
37,500.00
1, 250, 000. 00
125,000.00

7

Maryland ..........••.........•.••.....•.••
Massach usetts .... . .......•.............•.•
Michigan.····· · • ········· ······-···· ·· ····

Alaska ........•.................•..........
Puerto Rico ........••...........••.......•.
Virgin Islands ... .............. ........ .... .

70 !
5
113
121
56
39

40
86
24

~it:f~~t::::::::::::::::::::::::::::::::
:
Maine ... .....•....•..•...... •..•.•. ....• .•

Montana ......•................••..........
Nebraska .....................•.•........ . .
Nevada ....................•........•......
New Hampshire ..•.• ... .. •............•• ••
New Jersey .........•. .. ................ . •.
New Mexico ................•...•.......•.•
New York ........ ... . ....• .........• •...••
North Carolina ...... . ..........•.....•....
North Dakota.................•...•........
Ohio .......•...... . . . .......•. .••...•... ...
Oklahoma ..........•.... ....•. ..•.. .•• .. . ••
Oregon .••................. •........•......•
Pennsylvania ...................•..........
Rhode Island ...............•...........••.
South Carolina ............................ .
South Dakota ..•......................... . .
Tennessee .....................•...•........
Texas ................•........•••......• . ..
Utah ................ •........ .•.........•• .
Vermont. .........•...•...•....•.....•.••••
Virginia .........................•.......••.
Wa.shington .........•... ... .•...•...... ..• .

Amount

l\'umoor or
banks and

trust
companies•

Amount•

1- - - - - - · 1 - - - - -1- - - - - - -

~!'o~r::a::::: ........ .... ................. 1

i,~ran\\~~~.ut.·:·~:::: : : : ::: : : : :::::::::: :::::
DLstrict of Columl•ia .... ........ .. .. ... . .. .
Florida.................. . .......•..........
Georgia .. ····-······· .. .. .....•.... . •. .....
Idaho ..... ...... . ..... . . . ..•.. .•.... ..... .
Illinois ............ . .. . .. .. . .. ...•.. .. . ... ..
Indiana ........... .. . . ................. ... .
Iowa .... ......... ...... . .. ......•...... ... .
Kansas ............. . . . ........ ....... ..... .

Outstanding

I

35
119
121
403
41
60
132
94
91
403
23

l
3

48
1

90
72
45
37
10
38'
71
21
16.5
235
109
164

98
84
29
61
46
153
185
138
187
39
112
3
5
188
16
329
104
Ill

2114
33

34
249

4
32
98
113
312
32
46
118
60
73
329
17

•••

·2
1
4,848

45, 000, 000. 00

$8, 91i, 586. 98
1, 215, 200. 00
3,454,581.56

u, 381,427.91

2, 356, 300. 00
5, 802. 499. 33
316,900.00
2,140,300.00
1,4 19, 479. 04
3,041,508. 45
1, 629, 950. 00
35, 111, 629. Z
10, 518, 345. 00
5,574,065. 00
3,637,594.01
6, 268, 457. 50
7,358,575.00
6, 100, 182. 58
7, 380, 990. 00
9, 152, 955. 10
29, 572, 704. 81
7, 539, 043. 74
7, 208, 894. 81
7, 243, 364. 83
1,214,740. 00
3,080, 181.M
97,000. 00
236.135. 00
67,165,863.57
554, 500. 00
63, 560, 109. 69
5,174,889.37
2, 326, 604. 23
54, 490, 324. 74
2, 357, 963. 73
996,175.00
36, 264, 109. 113
697. 900. 00
1, ~83. 850. 00
2, 673, 905. 91
10,616,200. 00
18, 832, 298. 60
2,054, 561. 43
16, 691,050. 00
6,716,600. 50
2,473,750. 00
3, 778, 388. Ml
23, 994, 816. 17

888,706. 06

----------------450, 000. 00

121,500.00
543, 834, 658. 63
45, 000, 000. 00

------------ ----------------1 - - - - - 1 - - - - - - -t---+------2, 500, 000. 00

6,099

1,146, 414,161.56

4,849

588. 834, 658. 53

See footnotea at end or table.

Digitized by

Google

96

REPORT OF RECONSTRUCTION FINANCE CORPORATION

8.-Loans on and purchases of preferred stock, and purchases of capital
notes or debentures, of banks and trust companies, disbursed from Mar. 9, 1939,
to Dec. 31, 1998, inclusive; and outstanding as of Dec. 31, 1938 (under sec. 304,
title III, of the act approved Mar. 9, 1933, as amended)-Continued

TABLE

BANKS AND TRUST COMPANIES-Continued
NATIONAL I

Outstanding

Disbursed
State

Alabama _________________ --···········-- __ _
Arizona_·····-·- __ ·--·-··· •••••• ·····-·--·.
Arkansas __ •••• ••. _.••. -·········- .••••.....
Califomla.•••.•••.•.•••• - •• ···-···--····-··
Colorado_._ ...•. _.··- .. ·-····---····-· •••••
Connecticut... _•.... ···---·-·-·-···· •• ·- .•.
Delaware __ .. ·-···········--·-·········--·.
District or Columbia•••.. ·--·-··········-··
Florida..• __ ... ·-·· .••.•.•... _.• -········· ..
Georgia._·-··_·-- .....•.••.• ··-·········· -.
Idaho _____ ·--· __ .-· ...•••••••• ·--· •••••• ··Illinois. __ . ·- .....•.. _...••.•.•.. -·-- -·. -· ..
Indiana __ ......•... __ ..•.••.••. ·-· __ .• --···
Iowa. ____ ·- ....... --·-· •• ····- •.... ·-· •••..
Kansas ..•........ ··-···- .••••..... --·-···-.

Number of
hanks and
trust
companlest

Amount

Alaska ___ ._ .. ___________ ._._ •• __ •• _____ . __ _
Vlrglnllslands ___ • _______ • _••••• _••••• _____ •

U7
8
9
36
23
36
57
10
1
1

$10, 006, 800. 00
1, 640, 000. 00
1, 570, 000. 00
39, 899, 926. 00
4, 143, 500. 00
3, 723, 426. 00
137,300.00
1, 100,000. 00
1, 330, 000. 00
1, 722, 500. 00
1, 090, 000. 00
84,010, 114. 1i
7, 188, 500. 00
6,447, 500. 00
2, 282, 500. 00
3, 397, 350. 00
4, 400, 000. 00
2,610,000.00
2,998,170.00
10, 723, 200. 00
20, 470, 760. 00
13, 577, 525. 00
2, 652, 650. 00
8,517, 125. co
I, 511,000.00
5, 834, 950. 00
175,000.00
651,635.00
29, 572, 435. 82
410,000.00
128, 096, 605. 83
1, 905, 000. 00
2, 410, 500. 00
35, 500, 737. 00
10, 874, 000. 00
890,000.00
20, 678, 736. 50
648,500.00
1, 505, 000. 00
2, 954, 100. 00
8, 002, 500. 00
23, 621, 625. 00
1, 325, 000. 00
660,000.00
3,917,400.00
2, 7 40, 000. 00
3, 445, 066. 66
15, 395, 100. 00
702,500.00
37,500.00
125,000.00

Total ___ •• __ •• _.·-· ••••• -··· ••• -- - --

2,037

540, 078, 736. 98

fi~ls1:l::::::::::::::::::::::::::::::::::

Maine __ .···-··-·-·-··············-··-·---·
Maryland._ ....•. ·-·-·- ..• _.•• ····-·-····-Massachusetts __ • ·- __ -·--··-·· ···- ··--· -···
Michigan .• _.•. _.... -·--_.··-- ____________ _

tl~:'i~;1_::::::::::::::::::::::::::::::::
MissourL. _.... _. _. ·-. ___ . _. __ ·- ··-. ___ . _. _
Montana... __ ·-._ .. _._.-· ____ -···-·-- .. _. __
Nebraska_ .•.... ____ ._··---·--·····-._. ___ .
N evade. ____ . ___ --·-- .. __ -·-·--·---·· ______ _
New Hampshire .• ·-·-·-----··-········--··
New Jersey._.--··--·-·-----·····-····----New Mexico .. ·-------·---------·-·-------New York .. _-·-·----·-·--·--·--·····--·--North Carolina_---·-·-·---··-···-····-·--N orth Dakota .. ·---._. ____ ------·····-·---Ohio_. ________ . ____ ··-. _.. _____ --··-··--··Oklahoma. __ .. _. __ .•• ----··------ ·- -- -- · -· Oregon .. _... ___ ·- ____________ .• ·-- -··--·--.
Pennsylvania. _______ .·-------·--·- ___ . ___ .
Rhode Island __ ·---·------·-······-----··-·
South Carolina ___ .. --·. ______ --·· __ --·----_
South Dakota. ___ . ____ .. ----···-·-- ___ . ___ _
Tennessee. _______________ -· •• -·_ •• _-- -- -·. Texas
·------·----·----------··-------·Utah. ____
___ . _.
__ ·-. ________ . ______ -----·-·---Vermont. .. __ . _________________ -· _··- ___ • __
Virginia._._._._ .• ·-·- _________ -···---- __ ._.
Washington._. __ .. ______ ·-_-·_.-· •• ·- _____ _

tWyoming
r:Jo~!r;:~'____.~::::::
::::::::::::::::::::::::
·----··------····---------·---

26
3
24
62

33
16

4
2
13
18
9
131
51
47
46
29
15
13
13
43
52
97
15
30
20
49
3
8
136
6
240
18
31
83
40
20

200
3
6

27
27

Number or
banks and
trust
companies•
11
l
14
37
25
15
4
2
12
14
8
104
37

$5, 260, 186. 67

28
43
6

1, 215, 200. 00
1, 171,4~. 00
31, 401, 152. Ill
1, 667, 200. 00
3, 157, 257. 50
130,300.00
932,300.00
774,570.00
1, 020, 500. 00
882,550.00
30, 644, 979. 22
3, 188, 445. 00
2, 728, 9.',0. 00
1, 482, 500. 00
I, 988, 700. 00
3, 434, 500. 00
I, 248, 925. 00
2, 227, 540. 00
5,527,995. 10
14, 643, 1123. 81
5, 374, 282. Sf
1, 973, 573. 19
2, 221, f.75. 00
375,090.00
1, 983, 650. 00
72,000.00
136,135.00
24,720,412.07
297,500.00
20,670,501.36
623,000.00
910,675.00
19,563, 549. 74
2, 307, 463. i3
155,700.00
13, 634, 718. 67
452,900.00
1, 322, 0:-0. 00
1, 704, 120. 48
6, 462, 400. 00
13,724,654.01
886.811. 43
415,000.00
1,481,500. 00
1, 765, 2i5. 00
1, 595, 663. 59
11, 150, 316. 17
318,400.00

I, 552

251, 149, 642. 49

33

37
22
13
11
11
26
43
62
15
21

H
38
2
4
120
5
184
13
20
64

27

7
170
3
5

22

23
119
6
8
28
14

------------ -----·------ -- - -121,500.00

See footnotes at end of table.

Digitized by

Amount•

Google

REPORT OF RECONSTRUCTION FINANCE CORPORATION

97

8.-Loam on and purchase, of preferred .tock, and purchase, of capital
notes or debenture,, of banks and trust companies, disbursed from Mar. 9, 1939,
to Dec. 91, 1998, inclusive; and outstanding as of Dec. St, 1938 (under ,ec. 904,
title III, of the act approved Mar. 9, 1983, a, amended)-Continued

TABLII

BANKS AND TRUST COMPANIES-Continued
STATli MliMBliBS I

Dlsburaed
State

Alabama •••••••••••••••••••••••••••••••••••
Arizona ..••••••.•••••••••••.•.•••••••••••••
Arkansas .••.•••••••••••.•••••••••••••••••••
California ••••••••••••••••••••••••••••••••••
Colorado •.....•...••.•••••••••••••••••••••.
District of Columbia ••••••••••••••••••••••.
Florida .••••.•••••••.••••••••••••••••••••••
Georgia ••••••••••.•.••••••••.•••••••••••••.
Idaho .••••••.•••••••••••••••••••••••••••••.
Illinois •••••••••••••.••••••••••••••••••••••.
Indiana •.••.•.••••••••••...•.•••.••.•••.•..

Number of
banks and
trust
companies 1
4
1
5
5

Amount

isconsin ...... -- -- - - -- -- -- -- ---- --- .. --- - -- -Wyoming •••••••••••••••••••••.•••••••••••.

2
22
13
5
16
5
16
3

$3, 502, JOO. 00
840,000.00
730,000.00
15, 500, 000. 00
205, 000. OC,
1, 000, 000. 00
275,000.00
1, 135,000.00
SIU, 000. 00
2, 950, 000. 00
2, 200, 000. 00
I, 170, 000. 00
192,500.00
2, 275, 000. 00
2, 800, 000. 00
2, I 50, 000. 00
2, 300, 000. 00
3, 376, 000. 00
13, 553. 921. 00
63. 000. 00
8, 365, 000. 00
I. 607, 500. 00
183,700.00
25, 844, 405. 25
47,500.00
142, 099, 233. 33
I, 700, 000. 00
38, 362, 500. 00
10, LOO. 00
65,000.00
10, 056, 360. 00
155,000.00
225, noo. oo
670,000.00
!, 620, 000. 00
2, 305, 000. 00
2, 010. 000. 00
655. {)()()_ 00
3, 042, 500. 00
80,000.00

Total. .••••••••••••••••••••••••••••••

439

296, 131,219.58

Iowa ..•••.•.•.••••••••••••••••.•••••••••••.

Kansas ..•.•.•••••••••••••.•••...••••..•.•..

tiii~'/:r::::::::::::::::::::::::::::::::::
Maine .••.••••.••••••.•.•••••••••.•••••••••
Maryland •..••••••.••.•••.•.••••••••••.•.••
Massachusetts ••••.••.•••.•.•••.••.•.•••••.
Michi~an .•••••••••••••.•.••••••••••••••••.
M 1Pncsota .•••••••••••••.••.••••••.••••••..
Missouri_-------- __ .... - .... _-- -- • ---- ... -- --- - Montana .••••••••••••••.•.••••••••••••.•••.
J\'cbraska ...•.•••...••••.•••••.•••••.••••..
Kew Jersey .•••••....••••.•.••.•••.•.••.••.
Kew Mexico ••••..•..••••••..•.•••.•..•.•••
J\'r,w York .....•.•..•..•.......•••.••...•••
Korth Carolina •••••••.•.•.•..•••••••••••..
Ohio ......•••••••••••..•.•.•.•.•••.••.••••.
Oklahoma •••...••.•••.•••••••.••••.•.•.•.•
Oregon .........••••••..•...•.•
, ••.•••.••••._
Pennsylvania
_____________________________
South Dakota .•.•..••..•••.•.••••••••.••••.
Tennessee .•.•.•.•..••........•••••••••••••.
Texas .•••.•••••.••.••.••.•.••••••••••••••••
Utah ...•..•.••••..•••..•.•..•.•.••••••••••.
Virginia. ___ ....... _____ .... _. __ ...... __ ............. _..... _

~:::r~i~~i. ~:::::::::::::::::::::::::::::
1

''

2

1
2
6
4
17
13
5
7
5
5
2
4

8
41
4
26

8
5
29
3
79
3
39
I
3
16
4

Outstandlnc
Number of
banks and
trust
companies 1

4

$2, 835, 278. OS

······6·
3
2

1
2

4
3
12
11
5

4

3
4
2
4
4

34
I
18

Amount•

570,359.28
I, 700, 000. 00
199,000.00
500,000.00
176,405.12
541,500.00
551,500.00
I, 930,000.00
1, 600, JOO. 00
923,000.00
100,000.00
I, 295, 000. 00
I, 457, 125. 00
720,000.00
I, 909, 500. 00
I, 425. 800. 00
9, ()85, 121. 00

17, iOO. 00
!, 964, 000. 00

3
3
11
2

438,750.00
93,470.03
20, 189, 402. 87
37,500.00
26, 040, 858. 33
1, 571, 500. 00
21,470,400.00
6, noo. oo
34,250.00
8, 426, 129. 92
lt3, 500. 00
197,500.00
295,600.00
750,150.00
I, 750, 6.10. 00
75,400.00
272,000.00
2, 288, 300. 00
45,406.06

311

114, 228, 335. 66

5

4
26
3

45
3
26
I
3
15
4
2
15

JI
3

See footnotes at end of table.

136800-30--7

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98

REPORT OF RECONSTRUCTION FINANCE CORPORATION

8.-Loans on and purchases of preferred ·stock, and purchases of capital
notes or debentures, of banks and trust companies, disbursed from Mar. 9, 1933,
to Dec. 31, 1938, inclusive; and outstanding as of Dec. 91, 1998 ( under sec. 304,
title III, of the act approved Mar. 9, 1933, as amended)-Continued

TABLE

BANKS AND TRUST COMPANIES-Continued

N ONIIEIIBER I
Disbursed

State

Alabama ..•...•.•••....••.•.•..••••••••....
Arizona .•...•...•..•......••..•••••••.•....
Arkansas ....•....•..•.•.....•••••••••.•.••.
C11lifornia...••..•... __ ..••••••.•••..•.•••..

~:!~t~ciit~~::::::::::::::::::::::::::::::
Delaware ...•......•..•..••. . . _...•.••.•..•

District of Columbia ••.•••...•. _....•.••••.
Florida .••••....•.•.•.•...•.•.....•...••..
Georgia ..•••.•.••• _.••.•.•...•.•.••.•.•...
Idaho •••.•••.•.•.•.•.....•. __ ..•...••• _•••.
Ullnols .••.••••.•. __ •••••.......•••.•••.••••
Indiana •.••••...••....... _••....•..•...••..
Iowa ...••.••.•.•..•..•..••...•.•.•.•••...•.
Kansas .....•.•••.•••.......•.....•.•.•...•.

f~~1t~~L::::::::::::::::::::::::::::::::
Maine._ ...•.....•.....•...........•.•.•.••
Maryland ....•..•..•.•.....•.......•.•.•...
Massachusetts ..••.•.•...•.•.•.•.•••••••...
Michigan ..•....•..•.•...•...•.....•.•.•••.
Minnesota .•.•.....•.........•••...•.•••.•.

~=~r~j:::::::::::::::::::::::::::::::::
¥-l!lltl>na •....•.............••......•...•...
Nebraska ..•......•........•.••.....••...•.
N'evada •.•.......•...•.....••.•.•..•••••.•.
New Hampshire .......•.•.•.••••••••..•••.
New Jersey ...•.......•...•...•.•••..••...
New Mexico ...•.....•......•.•..•...•.....
New York ....•............•.•.......•...•.
North Carolina •.••..........•.•.•...•.•••.
North Dakota ....•....•.....••..•.•.•.•...
Ohio ....•.•.........•....•....•..•.......•.
Oklahoma ............•..........•...•.•.•.
Oregon.-...•........•......•.•.•....••.•.•.
Pennsylvania .. _..•.......•..•...•••..••..•
Rhode Island .. -···········•···············
South Carolina •........•.••.... -..•..•..••.
South Dakota...•....•.•........•.......•..
Tennessee ....•......•...•...............•..
Texas .•......•.......•..•..•..........•...•
Utah ..•..•.....................•...•.......

~r;-:r;i~t. ..................................
Washin~ton ...•...........•.........••.•.•.

~r::o!~~'.~'.~::::::::::::::::::::::::::::::
Wyoming ......•.•.•....•......•...•.......
Puerto Rico .•....•.•.....•.....•.•......•..

Number of
banks and
tru8t
companies•
40
1
84
54
i1:
23

7
4
211
62
II
76
217
87
146
78
91
16
48
16
91
157
133
164
29
94
1
1
42
10
158
112
98
266
5
30
70
1
29
88
92
234
20
51
91
55
50
330
10
3

'l'otaL ........•...•..•..•.....••.••..
Subscriptions for preferred stock ol:
Export•lmport Bank of Washin,gton ...
Second Export•Import Bank of Wash·
ington, D. 0 .....••........•...•.•...

3,621

Grand total. ...•.•..........•..••••

3,623

Amount

Outstanding
Number of
banks and
trust
companies'

$1, 354, 675. 00
50,000.00
2, 119, 000. 00 ••
13, 102, 500. 00
545, 000.. ,0CI
3, 468, 700. 00
430,000.00
800,000.00
571,200.00
1, 978, 000. 00
230,000.00
4, 621, 000. 00
7, 402, 750. 00
2, 630, 500. 00
2, 797, 7IJO. 00
3, 207, 500. 00
8, 347,000.00
4, 366, 500. 00
4, 050, 000. 00
2, 575,000. 00
6, 7CO, 580. 00
3, 738, 000. 00
11,660,500.00
3, 919, 000. 00
912,000. Q0
2, 515, 400. 00
30,000.00
100,000.00
22,928, 175. 00
257,500.00
47,042, 750. 00
3, 883, 500. 00
l, 604, 000. 00
19, 509, 000. 00
50,000.00
995, 000. 00
15, 260, 000. 00
250,000.00
1, 266, 800. 00
I, 329, 000. 00
4, 271. 550. 00
7, 082, 500. 00
1, 050, 000. 00
16, 810, 625. 00
4, 472, 250. 00
1,314,500.00
2, 361, 000. 00
14, 009, 500. 00
585,000.00
1, 250, 000. 00
2152, 704, lll5, 00

33
--

71

32
18.
22
6
4
24
53
IO
49
187
71

123
73

67
115
46
16
76
122
123
148

:lll

70
1
I
42
8
100
88
91
204
5
24

64

1
27
72
88
178
15
38

87
43
42
275
9

2
2,985

45, 000, 000. 00

$822, 122. 26

1, 712, 772. 28
8, 280, 275. 00
49Q~IOO..OO
2,645,241.83
186. 600. 00
708,000.00

468. 503. 92

I, 4 79, 508. 45
195. 900. 00
2, 536, 650. 00
5. 729, 800. 00
1, 922, 115. 00
2, 055. 094. 01
2, 984, 757. 50
2, 466, 950. 00
•• 131, 257. 58
3, 243, 950. 00
2, 199,160.00
5. 243. 400. 00
2,147,060.90
5. 235. 321. 62
3, 057, 689. 63
400, 900. 00
1, 003. 061. 31
25. 000. 00
100,000.00
22, 256, 048. 63
219,500.00
16, 848, 750. 00
2, 980. 389. 37
1, 41,5, 929. 23
13, 456. 375. 00
44, 500.l)(l
806. 225.00
14, 203. 261. 34
245,000.00
661. 800.00
826,285.43
3, 956, 300. 00
4,812.044. 59
417,600.00
16, 276, 050. 00
3, 48-4,470.50
633. 075. 00
1. 910, 72.5. 00
10, 556, 200. 00
524, 900. 00
450,000.00
178,456, 6;o. as
45, 000, 000. 00

2, 500, 000. 00 - 310, 204, 205. 00

Amount•

-- ------ -- -----------------2,986

223, 456, 61ll. 38

1 After eliminating duplications. Such duplications arise in cases where the Corporation makes disburse•
ments to a bank or trust company under more than one of the classiflcations under sec. 304, title Ill, of the
Act approved Mar. 9, 1933, as amended.
• Amount outstanding includes repayments unallocated, pending advices, as of Dee. 31, 1938.
• Where changes in the status of ba1.,ks have occurred between the date of authorization and Dec. 31, 1938
(for example, where a bank has changed from nonmember to State member), such banks are distributed in
the above table according to their status on Dec. 31, 1938.

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99

REPORT OF RECONSTRUCTION FINANCE CORPORATION

9.-Loans authorized (and commitments outstanding as of Dec. 31, 1938)
to b~tsiness enterprises, from Feb. 2, 1932, to Dec. 31, 1938, inclmive, by aize of
loans

TABLE

(Includes Joans anrl participations, and commitments outstanding, under sec. 5d cl the Reconstruction
Finance. Corporation Act, as amended; loans to borrowers engaged in the fishing industry under sec. 5
of the Reconstruction Finance Corporation Act, as amended; and loans to business enterprises through
banks and mortgage loan companies under sec. 6 of the Reconstruction Finance Corporation Act, as
amended]
Number
or Joans

Percent or
tot.al

$5,000 and under .• • _. - - . - ..... -·- - -- -· .•. ____ ....
$5,001 to $10.000, inclusive_·······-·····--·····-··
$10,001 to $25,000, inclusive .. ···-·-·-- · · - ····-·--·
$25,001 to $50,000, inclusive ...... -·--···---·-···-·
$50,001 to $100,000. inclnsive •...•... _. _____ . ___ . __
$100,001 to $'. 00,000, inclusive ........•............
$200.001 to $500.000, inclusive .....................
ffi00,001 to $1,000,000, inclusive ..•• -·····- ........
Over $1,000,000 .• •• ••••••••••••••.•••••••••••• -- •.

2,Ml
I, 108
1,350
811
6211
3~6
222
49
30

36. 9
15. 5
18.8
11. :l
8. 8
4. 5
3. 1
.7
.4

$5,701 , 084.25
8, D83. 20:l. 05
24,643, 741. 99
32, 024, 91 I. 82
40,063.241. 39
49, 845, ;,02. 77
71,770,234.00
39,746,229. 57
102,441,268.65

Total'-····· ·· ··· •••.....•.•...•...•.......

7,166

100.0

384,219,417.49

Size of loans

1 The

Amount authorized

Percent of
tot.al

1.6

2, 3

6. 4
8.3
12. 8
13.0
IR. 7
10. 3

26. 7
100.0

break-down by types of the above total amounts is as follows:
Number
of loans

Under sec. 5d of the Reconstruction Finance Corporation Act, 88
amended :
Loans (and participations)_.··--·-------·-- · ··--·············--Commitments outstanding as or Dec. 31, 1938..•• - ·•-·-- · - ·-----Under sec. 5 ol the Reconstruction Finance Corporation Act, 88
amended :
Loans to fishing industry_ · ······--·---····- -· -· -- -·--- ··----·-·Loans to business enterprises through banks and mortgage loan
companies...... ................................................

Total .•••..••. · •. ·•·••·•·····••••••••••••••••••••••••••••·•·•

Amount au•
thorlzed

$2111, 000, 942. 'g
75, Sl3, 000, 00
27

809,700.00

177

16,589,776.00

-----1------7, 166
384,219, U7. 49

Digitized by

Goog Ie

100

REPORT OF RECONSTRUCTION FINANCE CORPORATION

10.-Number of buBine88 borrower8 to which authorization.a were made; and
amount8 authorized, etc.,from Feb. 2, 1992, to Dec. 81, 1988, incluaiue, by indmtriu

TABLE

[Includes loans and participations, and commitments outstanding, under sec. Sd of the Recons1nlctlon
Finance Corporation Act, a.s amended; loans to borrowers engaged In the fishing lndW!try nnder sec. 5
of the Reconstruction Finance Corporation Act, a.s amended; and loans to business enterprises through
banks and mortgage loan companies under sec. 6 of the Reconstruction Finance Corporation Act, 11&
amended)

Industry

Manufacturlr{
Food and lndred products:
Dairy products ____________________
Meat and poultry packing _________
Canning, preserving, packing (ftsb,
fruit, vegetables) _________________
Bread and bakeries ________________
Flour milling ______________________
Confectionery ______________________
Animal feeds _______________________
Ice, cold storage, etc ________________
All other ___________________________

Amount authorNumber ized (Including
commitments
of bor•
rowers 1 outstanding a.s of
Dec. 31, 1938)

99

$3, 015, 285. 00

100

16,790,737.90

148
61
77
41
53
39
119

9, 681, 193. 15

Total, food products. ____________
Textiles and their products:
Cotton goods _______________________
Cotton small wares ________________
Woolen goods ______________________
Silk and rayon goods _______________
Knit goods. hosiery ________________
Dyeing and finishing _______________
Men's clothing and furnishings _____
Women's clothing and furnishings,_
Upholstering material, draperies ___
Mattresses and bedding ____________
All otller ___________________________

Amount
withdrawn
or canceled

Amount
disbursed

$614,985.96
1, 747,762.54

$1, 078, 570. 00
1, 852, 583. M

1, 399, 326. 58
1, 859, 710. 00
2, 291, 300. 00
1, 820, 283. 33
898,475.00
4, 425, 900. 00

1, 640, 605. 21
559,034.15
747,850.01
530,371.43
453,050.00
461,025.00
1, 115, 206. 88

4,ffl,362.64
W!,650. 00

737

42, 182, 210. 96

7, 869, 891. 18

12, 694, 197. 99

64
19
46
39
103
28
74
63
11
20
63

11, 601, 984. 01
790,900.00
11, 391, 885. 72
7, 102,750.00
6, 491, 700. 00
7, 352. 350. 00
2, 876, 650. 00
878,308.33
1, 295, 500. 00
2, 777, 200. 00
3, 857, 525. 00

·2, 459,375. 59
293,000.00
3, 440, 565. 71
1, 973, 992. 50
1,662, 125. 57
2, 828, 800. 00
916,500.00
271,675.00
48,694.80
68,000.00
1, 054, 285. 91

6, 509, 395. i5
93,900.00
7,641,000.00
4, 423. 507. 50
3, 363, 925. 43
4, 421, 750. 00
995,146.60
477, 26,5. 00
200,000.00
1,691,900.00
1,387,345.89

Total, textile products. __________

530

56,416,753.06

15, 017, 015. 08

31,205, 136.17

Lumber and timber products:
Lumber---------------------------Furniture. _____________________ . ___
Wooden containers _________________
Millwork, sash, doors, etc __________
Cooperage and cooperage stock _____
Wooden turned products ___________
All other ___________________________

169
132
46
158
. 19
28

28

15, 729, 699. 85
7, 198, 723. 58
2,418,950.00
8, 069, 253. 81
681,200.00
1, 138, 996. 67
801,100.00

3. 032, 831. 02
2, 182, 773. 10
737,550.00
2, 556, 057. 25
382,500.00
564,880.00
192,900.00

10, 08 I, 579. 45
4, 131,572.38
1, 180,350.00
4, 254, 329. 29
198,200.00
542,416.67
257,924.50

580

36, 037, 923. 91

9,649,491.37

20, 646, 372. 29

32
68

2, 915, 849. 98
23, 236, 850. 00

142,000.00
2, 687, 133. 77

157,349.98
9,857,537.21

Total,
lumber and timber products ____________________________

711,185. 71
1, 119, 250. 00
916,262.33
165,558.49
1,674, 775. 17

Paper and allied products:

Containers (boxes, etc.) ____________
All other ___________________________
Total, paper and allied products __

100

26, 152, 699. 98

2,829, 133. 77

10,014,887. II>

Printing and allied products:
Book and job printing ______________
Engraving,
lltbograpblng, etc ______
All
other ___________________________

141
31

50

2, 288, 710. 00
1, 217, 900. 00
637,650.00

663,101.62
1, 000, 000. 00
97,175.00

1, 226, M2. 37
141,524.66
416,625.00

Total, printing and allied products ______ ------ ---- --- -- --- -- --

222

4, 144,260.00

1, 760, 276. 62

1, 784. 652. 63

Chemical and allied products:
Paints, varnishes, and allied products ____________________ --- __ ----Fertilizers __________________________
Cleaning and polishing materfals ___
All other ___________________________

32
25
12
75

1, 366, 750. 00
1, 342, 800. 00
179,433.32
3,357, 307. 84

244,516.49
176,558. 77
50,100.00
616,968.83

903. 571. 01
1,025.943. Sfi
97,733.32:
1, 939, 308. 23

TotBI, chemical and allied products _______ ----- -- -• -- -- --- -- ---

144

6,246, 291. 16

1,088,144.09

3. 966. 556. 42

See footnotes at end of table.

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REPORT OF RECONSTRUCTION FINANCE CORPORATION

101

10.-Number of bu8iness borrowers lo which authorizations were made; and
amounts authorized, etc., from Feb. S, 193S, to Dec. 81, 1988, inclusive, by industries--Continued

TABLE

Industry

Number
of bor•

rowers

Manufacturing-Continued.
Rubber products-total •••• -·---·-·----

1

25

Amount authorized (Including
commitments
outstanding as of
Dec. 31, 1938)

$2, 067, 750. 00

Amount
withdrawn
or canoeled

~735, 437. 50

Amount
disbursed

$1,014.212. IIO

Leather and Its manufactures:
Tanning and finishing ______________
Leather goods (luggage, handbags.
etc.) ••••.. __ .•.•••.••••••••.. ·-·-.
Boots and shoes.·-·-·······-··-··-All other_··-····---·--···--·----·-·

13

641,000.00

95,000.00

406,000.00

11
33
19

889,000.00
3,281,000.00
332,395.32

408, 000. 00
1,457,431.94
12,950.00

"'42. 000. 00
1, 139, 068. 06

Total, leather manufactures._ •• _.

76

5, I 43, 395. 32

1,973,381.94

2, 274, 713. 38

57
23
81
20
21

2, 43.1. 025. 00
1. 200, 200. 00
871,156.67
2, 640, 250. 00
1, 985, ·LSD. 00
1,741,600.00
1, 819, 500. 00

862,300.67
239,980.96
2, 238. 274. 59
438,940.00
727,680.00
352,915. 73
229,715.09
913. 800. 00

1, 42i, 107. 17

5, 745, 621. 61

18, 436, 803. 18

6, 003, 607. 04

9, 816, 464. 34

.Stone, clay, and glass products:
Stone, granite, slate, Gtc.•. ·-··-··-·
Sand, gravel.·-·----······--·-···-Brick, and tile. etc_·-···········-··
Concrete products.·-·-····--··--···
Limestone products_············-··
Glass products_·····-·-···-----·-··
Pottery_····-·········-·······-····
All other •••• ·-···-···············-Total, stone, clay, and glass
products •• ·-·-······- ••••••••••
Iron;steel, and their products (ucluding machinery):
Foundry products (castings, forir
lngs, etc.) ••.•••••..• _•••. _.•....•
Structural and ornamental Iron
and steel..·-············--····--Pipe and llttings_ •• _. _____ ···--·-··
Stoves. ranges, furnaces ••.. _____ ._.
Hardware, plumbing, and supplies.
All other••••••• ·-··-·-··-·····-····
Total, Iron and steel, and prod•
ucts·-··-···-··-·· ••••••••••.•••
Nonferrous metals and their products:
Metal alloys and products (brass,
bronze, etc.) ....••••.. ·-·------·-Metal stampings, stamped and
enamel ware_······--···--··--···
Electroplating, metal lamps and
fixtures, etc·-··-·····-···--·-····
All other•••• ·-·······-·······--····
Total, nonferrous metals and
their products·--·············-·
Machinery (excluding transportation
equipment):
Agricultural Implements.••.•.. _.. _
Electrical machinery, apparatus,
and supplies .• ·--··-·-·····-·····
General machinery and equipment.
Machine tools ..• •--···---······-·-·
Pumps and pumping equipment. __
Household appliances.-·---·-··-··Air-conditioning equipment..- •.•••
All other••••••.••••••••••.• ·--·-···
Total, machinery_ •••••••.•••••••
Transportation e3ulpment (automobile
accessories, etc. -total._ •••••••..••••

---

22
21
32

m

=

874,419.04

2, 859, 031. 15
137,550.00
1, 358, 960. 00
1, 336, 628. 07
1, 218, 884. 91

603,884.00

69

9, 511, 100. 00

1, 455, 607. 98

3, 647, 1195. 77

63
15

4, 237, 100. 00

42

4. 669, 850. 00

37
40

4, 9.51, 483. 34

2, 185, 035. 00
689,520.00
937,638.41
602,387.03
1, 320, 736. 00

1, 532, 815. 00
1, 002, 950. 00
2, 113, 049. 13
1, 433, 278. 56
3. 221, 247. 34

266

27, 735, 108. 34

7, 190, 924. 42

12, 950, 935. 80

S2

2, 399, 8.50. 00

917,222.00

984,807.75

45

3, 305, 450. 00

974,228.48

1, 912, 671. 62

«

18

221,815.00
2, 786, 700. 00

96,500.00
960,972.32

83,800.00
1,323, 695. 87

159

8, 713,875.00

2, 957,922.80

4, 304, 875, 14

L, 755, 450. 00

2, 610, 215. 00

18

1, 124,500.00

783,586.69

266,lllS,81

64

1,138,614.29
!HO, 837. 75
744,632.26
123,000.00
1, 170, 000. 00
745,223.62
1, 772, 063. 33

1,693,230.00
1, 536, 960. 18

59

3,155,030.00
2,915,928. 58
1,537,050.00
1, 163,000.00
2,346,250.00
1,427, 500. 00
5, 969, 373. 43

638,776.38
2, 539, 674. 28

303

19, 639, 532. 01

7, 387,957. 94

9, 212,792.311

92

17, 085, 196. 65

2,090, 072. 77

6,121,308. 73

71

54
14
10
13

=

287,645.32

724,601.07
796,387. u.

1, 1l 6, 250. 00

See footnotes at end of table.

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102

REPORT OF RECONSTRUCTION FI!\ANCE CORPORATION

10.-Number of business borrowers to which authorizations were made; and
amounts authorized, etc., from Feb. 2, 1932, to Dec. 31, 1938, inclusive, by industries-Continued

TABLE

Industry

Number
of bor•
rowers

Wholesale and retail trade:
Wholesale trade:
Food products ........•••...•....•.
Hardware, paints, etc .............•
Oil and gas, auto accessories, etc ...
Grain and feed, fuel, ice, etc.•...•..
Building materials. ____ .•...•••.• __
All other......... --····-·--··-···--

1

$880, 600. 33

66

148,112.82
44.5, 597. 50
243,944.18
403, 7M.OO
374,450.00

$1, 794,221.49
499,403.75
635,200.00
702. 893. 29
540,021.00
491,729.17

361

14. 377. 253. 29

2. 496. 458. 83

4. 663, 468. 70

81
49
32
78
48

a. 401,125. oo

307,135.00
383,600.20

69
135

408,005.00
151,300.00
947,063.14
1,326,767.50
840,555.00
611,043. 74
760,230.00
1, 617, 022. 86

93,100.00
155,100.00
211,050.00
65,810.00
52,700.00
214,458.64
301,905.00
156,550.00
246,052.00
135, 520. 00
248,125.00

99,660.00
83,250.00
3, 053, 000. 00
152,195.00
50,700.35
378,259.20
795,650.00
307,150.00
161,900.00
195. 250. 00
607,748.35

40

148

89
60
44

fl

Amount
disbursed

851,300.00
1, 342, 425. 00
1,132,283.29
1, 250,000.00
1, 380,600.00

44

Retail trade:
Food products ........•............
Hardware, paints, etc .....•........
Department stores ....•..••..••.•..
General stores.......•.•.........•..
Drug stores. _____ --------·-········
Auto sales, service stations .........
Grain and feed, rue!, ice, etc....... _
Building materials._._ ...•••.•.....
Fumiture·--•·-··-··············-··
A pare! stores ..... __ .•.• _••••......
A I other·--····-··-----·-·········-

Amount
withdrawn
or canceled

$8, 420, 645. 00

107
35
69

Total, wholesale trade .•...•••... _

Amount author•
ized (including
commitments
outstanding as of
Dec. 31, 1938)

Total, retail trade._ ••....••.•. -·-

833

10,759,847.44

1, 880, 370. 64

5, 884, 762. 90

All other:
Mining:•
Coal ... ··········--······-·-·----··
All other •••••.....•.••.•.•.•..••...

71

:16

11, 692, 865. 52
3, 313, 000. 00

3, 439, 665. 14
1, 262, 885. 79

4, 557, 604. 47
1,784,982.08

Total, mining·-----·-·-·--·---··Laundries, dry cleaning-total. .• ____ ..

97

15,006,465.52

4, 702, 550. 93

6, 342, 586. 55

124

1, 819, 129. 40

278,630,04

1, 158, 606. 93

Contracting, etc.-total. .•.••.•...•••..

92

2, 876, 100. 00

899, 908,22

1,361,478.78

Tobacco manufacturing-total. .•••••.•

12

~.300.00

68,000.00

177,000.00

Fur manufacturing and processingtotal. ••.•••..••••.. ·-----··-· .•.•••..

21

293,900.00

52,000.00

165,650.00

Grain elevators and storage-total.. .•..

19

723,350.00

290, 000. 00

134,300.00

Cotton warehousing, compressing,
etc.-totaJ.. ____ ...•.......•....•• ___ .
Not classifled-total••••••••.•.•.•.•••••
Grand total. .• ·----·---- .•.••••••.•..

I

12

360,941.56

222,150.00

84,500.00

1,081

67, 716, 24,0. 71

3, 692, 079. 57

10, 994, 909. 66

6,163

384,219,417.49

81, 126,404. 75

156, 974. 367. 86

1 Number of borrowers represents the number of applicants to whom Joans have been authorized or
commitments made.
• E1cJudes mining loans authorized undll!" sec. 14 of the act approved June 19, 1934, as amended.
• Includes 716 fruit growers located In certain areas in Washington.

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REPORT OF RECONSTRUCTION FINANCE CORPORATION
TABLE
PART

103

11

I. Loans on self-liquidating projects, by types of project, from July 21, 1932,
to Dec. 31, 1938, inclusive

(Under seo. 201 (a), title II, or the Emergency Relier and Construction Act of 1932, as amended)
BRIDGES
Number Numl.,er of
of Joans
borrowers
authorized
Public_ .. ··- __________ · -Private .•• ·-•··----··-- -·
Total. ••••.•• _._._.

Amount
withdrawn or
canceled

Amount
authorized

Amount
disbursed

II
5

9
6

$99, 019, 5i9. 80
l, i2\I, 930. 78

$3, 267, 000. 00
415,000.00

$95, 470, 976. 86
I, 314,930. 78

1ft

14

100, 779, 510. 58

3, 682, 000. 00

96, 785, 907. 64

COLLEGE BUILDINGS
Public••••• •• ··-· ____

----1

91

$3. 031, 155. 71

I

$1,708.000. oo

I

$1, 323, I 65. 71

DOCKS AND TERMINALS

··-···-·-----·--H1-----1-------1---- ---1-------

•. --· -·-----·--·
PubllcPrivate.·-·

3

32

t,!2.,, 000. 00
l,i93,691.47

$50. 000. 00
1,100,000.00

$275,000.00
693,691.47

TotaL •••••• _.___ _

5

5

2, US, 691. 47

1,150,000. 00

968,691.47

DRAINAGE AND IRRIGATION
Public . ••••••••••• ----·-Private . ••••• ·-·--· ____ -·
TotaL __ -· __ . ----.

14
3

10
3

$10, 214, 000. 00
1, 330, 000. 00

$2, 308, 400. 00
455,000.00

$7, 030, 600. 00
875,000.00

17

13

11, 544, 000. 00

2, 763, 400. 00

7, 905, 600. 00

----

HOUSING (LOW-C OST)
Private ••••• -·····--·-·--1

3

I

3

I

$12, 187, 000. oo

I

$3. 073, 000. oo

I

$8, 214, 000. 00

MARKETS
Private. ···· · -·-·-·---·--1

ol

g

I

$2,215, 915. 381

$1,441,307. 571

$774,007.81

$1, 764, 604. 371

$22,901,270.00

POWER
Publlc .•••••• ___ ·-·---·· - 1

sl

51

$24, 665, 964. 371

PUBLIC AND SEMIPUBLIC BUILDINGS
Public_···--· - ____ .

·-----1

6

I

6

I

$3. 906. 500. oo

I

$53. 000. oo

I

$3, 853, 500. 00

I

$1. 097. 300. oo

I

$937, 000. 00

SEWERS
Public .•••• _. ___

··------·1

12

l

12

I

$2. 034, 300. oo

WATERWORKS (INCLUDING WATER DISTRICTS)

iti~~~-···-·-···----··--

91
13

81
13

$227, 939, 8/.i9. 85
569,340.00

$9, 087, 374. 00
434,140.00

$169, 177, 48/.i. 85
135,200.00

Total.. •• ______ •• _.

104

94

228, 509, 199. 8/.i

9, 521, 514. 00

169, 312, 685. 85

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104
PART

REPORT OF RECONSTRUCTION FINANCE CORPORATION

I. Loan, on self-liquidating project,, by type, of projut, from July St, 1981,
to Dec. 81, 1938, incluai111r-Cont1nued
ALL OTHER

[Under seo. 201 (a). title II, of the Emergency Relief and Oonstrucllon Act of 1932, aa amended]
Number Number of
of loans
authorized borrowers
Public___________________
Private__________________
Total. _____________

Amount
authorized

Amount
withdrawn or
oanceled

Amount
dish~

6

6

$4, 614, 000. 00

1

4, 486, 250. 00

$200, m. 20
4, 486, 250. 00

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

6

6

9, 100, 250. 00

4,687,0'¥1.20

4, 413, 222. 80

1

S.. 413,222.80

TOTAL, PART I
Public ___________________
Private__________________
Total. _____________

155
37

139
37

$375, 780, 359. 73
24, 312, 127. 63

$19, 5S6, 545. 57
12,304,697.57

$305,382, 211. 22
12, 007, 430. 06

192

176

400, 092, 487. 36

. 31,841, 243. 14

317, 3811, 641. 28

II. Loam to public agencies to aid in financing projecta authorized under
Federal, State, or municipal law by typett of projectfrom Apr. 13, 1938, to Dec. 91,
1938, incluaive

PART

[Under sec. Sd of the Reconstmctlon Flnanoe Corporation Act,
Number
of Joans
authorized

Type

Bridges __ --------------·------·-----College buildings_____________________
Power and light---•·•·---------·•·--Public buildings_-------------------School buildings_____________________
Sewers_______________________________
Streets and roads_____________________
Waterworks__________________________
All other_____________________________
T otal, part II _________________ _

Amount
authorized

as amended)

Amount
withdrawn or
canceled

Amount
dlsbuned

16
8

$1, 886, 036. 00
$12,346,536.00
3,212,000.00
9,066, 000. 00
$6,016, 000. 00
3, 023, 500. 00
6,061,991.81
303,000.00
2, "26,991.81
861,600.00
311,000.00 ---------------·-1,027,000.00
387,000.00
205. 000. 00
36,778,000.00 -----------------11,440,525.92
9,276,000.00
643,000.00
7,915,000.00
14,126,100.00 -·---------------764, ooo. oo

76

I

7
7
6

13
8
6

6

1-------------90, 7M, 127. 81

7, MO, 000. 00

~. Ml, 053. 73

1 In addition, conditional agreements to make loans, upon the performance of apeclll.ed conditions,
outstanding In the amount of $115,000 at the close of Dec. 31, 1938.

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w••

105

REPORT OF RECONSTRUCTION FINANOE CORPORATION

12.-Num~r of borrower, and amou11t., of loam authorized under sec. 6
of the Reconatruction Finance Corporation Act, aa amended (1),from Feb. S, 193S,
to Dec. S1, 1938, inclusive, by aite of cities or town,

TABLE

BANKS AND TRUST COMPANIES

Authorizations

Borrowers

Population or cities or towns In which borrowers are
located

1--------1------~--Number

Percent
of total

Amount

Percent
of total

- - - - - - - - - - - - - - - - - - - - - - ---·1-------l---Under 5,000 ••••••••••••••••••••••••••••••••••••••••••••
5,000 to 9,999 .••.•••••••.•••••••••••••••••••••••••••••••
10,000 to 24,999 •••••••••••••••••...••••.••••••••••••••••
~.ooo to 4P ,999 •••••••••••••••••••••••••••••••••••••••••
50,000 to 09,999 ...••••••••.•••••••••••••••••••••••••••••
100,000 to 199,999 •••••••••••.•••••••••••••••••••••••••••
'200,000 to 499,999 .••.•.•••••••••••••••••••••••••••••••••
Sil,000 to 999,999 .••...•...• __ ••••.•...•••••••..••••••..
1,000,000 and over ••..•.•...•.••••......••....•••.•.••..
Total. ••••••••.••.••••••••••••••••••••••••••••••.

5,141
591
542
254
212
166
106
145

70. 0
8. 0
7. 4
3. 5
2. 9
2. 3
1. 4
2. 0

188

2. 5

13. 4
5.2
8.0
6.0
11.8

$330, 393, 009. 15
129,081,413. 50
19R. 201,467.80
147, 378,115.41
288,903,740.35
227, 871\, 545. 90
253,114,911.17
411,784.813. 07
472,436,000. 45

----·--------· -7,345
100. 0 2,457,169,016.80

9.3

10. 3
16.8

19.2
100.0

TOTAL, SEC. 5 OF THE RECONSTRUCTION FINANCE CORPORATION ACT, AS
AMENDED I
Under 5,000 .•••••••••••••••••••••.•••••••••••••••••••••
5,000 to 9,999 _. ······································-·.
10,000 to 24,999 •••••••••••••••••••••••••••••••••••••••••
25,000 to 49,999 •••••••••••••••••••••••••••••••••••••••••
50,000 to 99,999. _•••••••••••••••••••••••••••••••••••••••
100,000 to 199,llW •••••••••••••••••••••••••••••••••••••••
2/l0,000 to 499,~9'.J •••••••••••••••••••••••••••••••••••••••
-ll00,000 to 999,999 •••.•••••••••••••••••••••••••••••••••••
1,000,000 and over ••••••••••.•••••••••••••.•.•••••••••••
Total ••••••••••••••••••••••••••••••••••••••••••••
1

5,457
702
748
427
392
:.91
375
320
311

00. 5
7.8
8. 3
4. 7
4.4
3. 2
4.2
3.5
3.4

$367,363.816. 88
141,812,626.92
231,425,254.34
186,218,073.52
360,707,484.84
2\l2, 714, 157. 06
397, 132,613.81
607,408, n.,. 85
683, 136, 952. 79

11,2

4.3
7.1
5. 7
11,0
9.0
12. 2
18.6
20.9

------------ ---9,023
100.0 3,267,919,116.01
100.0

Exclusive of The RFC Mortgage Co., Federal National Mortgage Association, railroads, regional agd

,cultural credit corpomtlons, Federal land banks, and Federal Intermediate credit banks.

Digitized by

Google

106

REPORT OF RECONSTRUCTION FINANCE CORPORATION

13.-Names and compensation of directors, officers, and employees of the
Reconstruction Finance Corporation receiving from the Corporation more than
$400 per month, as of Dec. 31, 1938

TABLE

WASHINGTON OFFICE
Name

Salary per
month

Title

Jones, Jesse H ... ••·······-··--·-----·-·-······ Chairman.•.. ····-·············---·-·· ...••.
Henderson, Charles B .•.... ,. ....• .. ...•...•.. Director ..•.. ·······•···········-··········.
Klossner, Howard J .........•........... ···-·· .•..• do .........•••.•.. ···········-··········
Merriam, C. B •.•.•.. ··-······················ ....• do .••. ·-·······················-······-·
Schram, Emil .........••.•...•..........••......... do ....••.... ···••···········-·····-·····
Talley, Lynn P ............................... Assi~tant to the directors.• ·-·-··-···········

~i~i'::ti.~
rf~ .~:: ::::::::::: ::::: :: :: :: ::: : i~~1:..t;[r:·.:: ::::::::::::::::: :::::: ::::::::
Hamilton, Claude E., Jr ...................... General counsel._··············-··--··-··-··
0

Clay, Cassius M.............................. Assistant general counsel.. .•.•.•••.•..•...•..
Dougherty, J. L ....•.•.•••..••.•.•.•.•.....•....... do •. ·-···················-··•-·•····-···
Durr. C. J .•.........•••....•.••.•................•• do ..••.•.....•......•.•..•.•••••••.•.•..
Snodgrass, Russell L ... ............................ do.·- .. ·····················-··-········
Corcoran, Thomas 0 ...•.•..••••...•.......•.. Special counsel. .•. _.... --··········-···-····
Fitts, William C .•• ··············-············ ..... do ..•. ···············---·········-··-···
Lindquist, R. J ......••.•.•.•••.•..•.•....•.... Chief auditor •...•.....•...•...•.• ·-··-·····
Barriger, J. W., III. •.••.••.•..•..•••..•..•.... Chief examiner, Railroad Division .•..•..•• _
Brownell, R. A................................ Chief, Agency Division •.. ·-·····-··--···-··
Husbands, Sam .........•.•...•••...•......•.. Chief, Examining Division.•...•.•..... ·-···
Murchison, Frank M .••.•.•••...•....••...... Special representative ..... ·-··········-·····
Hamilton, T. A .......•....................... Special examiner ..........•....• ·•·-·····-··
Taylor, R. J .....•.... _.•.•••..•....•.......... Assistant chief, Agency Division ••..•• ·--•··
McGrath, M. J •..•.....•.....•.........•...... Assistant chief, Examining Division.-.•••. __
Herson, James F .•••••....•••..••.•••.....••.. Administrative assistant..·-················
Costello, W. C ..... ·-···········•··•··•······· Assistant to the Chairman •.....••.....• - •.•
Griffin, D. B .........•.....•....•....•.....•.. Assistant trea.~urer ••..•• ·-··-··-············
Sullivan, William W .......................... Examiner ••..•.••..••.•...•.................
Thralls, Jerome ...•.•......•.•.•..•....•••..•. Special representative ....•.........•.•......
Satterfield, W.R ..•••...••...•.•••••.•...•.... Assistant general counsel.. •..•......••.•....
Johnson, W. J. ................ ·-··•·•········· Assistant chief, Examining Division ...• _.•.
Ribenack, W. C······•···-·····-·····•······ ....... do .•.• ·-·•••·•··························
Stroud, W. E ...•....•..•........•••.••............ do .....•.•.•....•...•......•••••• - .•••..
Macartney, Morton........................... Chief, Self•Liquidating Division .....•..••.•
Keenan, Frank J.......••.....•.. ·-············ Chief, Drainage, Levee, an<l Irrigation Divi•
sion.
Wright, Charles M .•••• ·••·-···•-•·••········· Counsel. .........•.••..•...... -··-··········
Coleman, John F ..••.....•••••..••.....•...•.. Engineer adviser .•.••..•••.•.••...•• ·-······
Allen, Ronald H ...•.•.........•.•...•.•.•.... Assistant secretary .•.....•.•....•••.•..•••..

f~°J'lort~\f.·.::::::::::::::::::::::::::::: i=r~er:::::::::::::::::::::::::::::::::::

Grantham, J.P ......• ·-··············-···•-·· Assistant chief auditor •••.••.•••..•••••.. - ..
Hobson, Alfred T ....... -. ·········-·•·•······ Assistant secretary .• ···-·········-·······- ..
Sullivan, Harry L............... .•.•.••..•.•.• Assistant treasurer ...........•.•.•.•...•.•.•
Shaver, Clem................................. Special assistant to the directors •• ·--········
Kelley, Jerome T ...•.........•..•... .......... Assistant treasurer ..•••..• •-····----········
Unzicker, Willard E .•.....•.•......•.... - ....•.... _do .... ··········•-·····--············· ..
Chaddock, Harry W .........•..•••.....••••.. Administrative assistant ••.•••.•.• ·-···-····
Parks, Thomas E ..........•.•.•...•........•.....• do ...................•...............••.
Elliott, David C. .. ..............•....•....... Chief, Statistical and Economic Division ....
Berrett, R. W ..•...•..•........•......•....... Examiner in charge DLC Section, Examin•
ing Division.
Persons, Henry Z..... ......••.•...•..•..••••• Examiner .......••.••..• ···-···-·········· ..
Ronan, Frank T ... ··-························ •.... do .... ·-·························· ..... .
Dodds, Chauncey Y.... .•...•••.....•••...••• Chief examiner, Drainage, Levee, and Irr!•
gation Division.
Heath, Ferry K-·······-·············-········ Bond analyst ..•••.• ·-········---··········.
Watson. William P ........... _............ ... . Examiner.········-·······-······-······ .••.
Drager, Walter L .•..•..•...•.•....... - ••...••. Chief, Engineering Section .•....•..•.•••••..
Young, R. D ......................••......•... Administrative assistant •......•....••...•..
Strong, Albert L ....•...•...••....•........... Special assistant, Drainage, Levee, and Irr!·
gation Division.
Greer, Frank H............................... Special representative .•..•••• _•....•••.•.•..
Gale, George J.... ...... ...................... Counsel. .••...••••...•.•••.......•..••.•••.•
Stansfield, Edgar A •...••••.• ·-··············· ..... do ....•....•..•••••••••..•..••••••.....•
Stafford, Bayard 0 ..........•••...•.•...•....• Examiner •.•.......•.....•.•••.•.•••........
Rossman, Richard .•...•.••••..••..•.•...•.......... do .• ·········•·•···················-···Norton, John E ............................... Chief, Mining Section ....................•.•
Stein, Edward T. .. .. .•. . . . ...•.. .. .. .. .. ... .. Acting chief, Bond Service Section ......•...
Davis, Thoma& H .•..•...•.•.......•...•..•••. Examiner ..•.•...•.... ·-•··•················
Johnson, L. E .............•• ·-················ ..... do .. - .. ·•····•·•···············-·-······
Knarr, M. W .•......•.........•...•.......•.. Assistant to the secretary·······-·-·········
Merritt, Arthur B..... ....•...•...••...•..•.•. Administrative assistant ..••••.•.•.•...•••.•

i~~~~r~.
Chi2r°accountant......••••.. ·-··· •...••.•••.
Armistead, Robert P ···················-······ Examiner .... ···············-··---·-·--··-··
Boggs, Verner .•..•...•....••••.•••••..••••••.•••••• do ..• ·················-····-·-·····-····
Clayton, Laurance J .. _............................ do .. ·······················-·······-··-·
Cloninger, C. W ······-······················· .•••• do •.•••••••• ·-··························
1 On leave or absence without pay.

i~i~............................... ·

Digitized by

Google

$~33. 33,
~33. 33,
833. 33,
833. 33,
833. 33,
11,041.67
8.33. 33
833. 33:
833. 33,
833. 33,
833.33
833. 33·
833. 33,
833. 33;
833. 33
833. 33:
833. 33,
833. 3.,:
833 33:
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833. 33
800.00'
791.67
791. 67"
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750.00•
71i0.00·
750.00·
7'50.00•
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708.33'
708.33C
708.33'
666.67:
666.oT
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650.00
641.67
6.33. 33
625.00
625.00
625. 00·
625.00•
625.00·
625. 00
625. 00·
625. 00·
625. 00·
625.00·

625.00•
604.17
600.00•
600.00·
600.00·
583. :i:t
583. 33
583. 33
583. 33

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566. 67
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HEl'OHT OF HJ•:cu~STHl"CTIO.'.'i FI!'\A~l'E CUHPOHATIU.:li

107

13.-Sames and campnlSalion of diredors, offerers, and employees 1Jf the
Reem stru.clion Finanre Corpornlwn receiving from the Corporation more than
$400 per month, as of Dec. 81, 19J8-Coutinul'<l

TABLE

WASlll]l;GTON' OH'H'E-Conlinued
Name

Title

I

Snltt.ry per

month

------------------- ------------------!-----

8~r:~l~~((_!11;}:1·. ?x-_: :::: :: ::::: ::: ::::: :: ::: :::

1 _ ~:~~:;::~~~: : : : : : : : ~ : : : : : : : : : : : : : : : : : : : : : : : : : :

!

Ho\\"ar<l, 1-:rr11:st n_. _-------------· --- -- ------ _--- .du .. ---------------------- --- --------- .. I
Jenkins, Iluceh Powell. .......••.................... ,lo .••..•.•..••...............•.•.....•..

Jones, Halph R .........•..••••......•......•....... do ..•........•...................•......
Lewis, Charles 8 ....•.................•............ do .•.•..............•...........••......
?t!ielt:•nz,

1.AJtli~

M. ______________________ .. ____ ____ .do .. ____ .. __ . __________________________ _

O'Rlenes~. E. J •..•.•••••••••••.•••••••••••.•.•.•••• ,In ...•.......................•......••..
Rohertson, Hilton W .......................... ..... do ..................................... .
Sea bur)". R. l\l ______________ -------------···· .. .... do __ --·-·_·····---····--·-·-·-·-·-··----

Speh•y, Harold J ..................•.....•...... .••.. do ..••..•.••••.......•.•..............••
Talman. ("11rtrr. __ ......... ---·--· . . . ......... ..... do ______ -·--·········-·····•···•··-····Toole, J.E ................................. - .. ..... do ...........•.•......••...•..•.•....•.•
\\"aci,Jen, Tt1on1as A ..................... ---· ....... do ....... ··-·•·-·· ..................... .
Ward, Manwll. •..................•.•••........... do ...•......•.....•...•...•....•.•..••.•
Edelman, 1-'.dward ..•........•.......•••...•.. Counsel. .•.•...••...•..•...... _••.•....•....
Glueck, Nathan H ................................. ,10 .............•.....•.•...•.•.•.•......
Gunderson, Harvey J . •.•.........•......•......... do ...........•.....•.........•..•...•...
Bill, George II., Jr .....................•...... ..... do .•••.....•.•...•.....•.......•.•....•.
KlaJ?shrunn, Bans A ...•.........•.•.•........ ..... do ............... ·-·····················
Li,·ingston, Schuyler W ............................ do .•••••...•...•.......•...........•....
WilsoP, Hohnt 0 ..••.............................. do .........................••...........
Healey, George W.. .• .. .. . . ...•.. .. . ....... .. l"pedal representative ..........••..••.•....•
Rochelle, \\"illiamJ .•.•.•....•... _............ Examiner .............................•.....
Peery, Rohert W •...•.•.•...••..•...••••..•.....••. do.•-···································
Blair, Smith ........•.•.......•••.•.•............... do ................••.•..•.••........•...
Galt, Alexander B... •.• . • .•..•• .•. .. ••••.. .• . . Assistant secretary ......•....•.•.•..........
Kannee. Henry M.--·-···---····------------- Liaison representath'P ...................... .
Lesc-allett, <leorge A........................... Chief, Authorirntion·Canrelation SertLm ... .
Roper. James H.·------·--·----·---·------·-·· RuJ)('rvisin~ enl,!'inr-er. ·······---·-···--··--·Rait, Donald M ............................... Engineering examiner .......•.•..•..........
Henry, Heber .......•.....................•... Counsel. ...........•...•...............•....
Holland, Bernard P., Jr ....................... ..... do .••....••...............•.....•....•.•
Sandlin, John N •.........•...•.............. _...... do ..••...•...•.............•...•...•....
Wolford, Albert M ............................ --- .. do_ ....•.............•...........•.•....
Coombs, J. Wendell.. ................•...•.... Examiner .••.•.••.....•••....•.••...........
Estes, George L .....•...•..•••..••...•.•...••••.... do.·-···································
Farrell, Etlward A .....•...•.......•.......•.. ..... do.·--·······························•··
Freeman, Lewis D .•.••.•.•••.••.•...•.•.•.•.•.•... do .••................•.•...•.......•....

i~t<;:,~~~:J t~~:::::::::::::::::::::::::: ::::j~::::::::::::::::::::::::::::::::::::::
1

Luce, George P •. _ •.•.......•.••...•.•.....•....•.. do .. -···································
Mack, Bryan ........•..•......••........••......... do·--···············••·····•············
Steward, Adelbert T .....••.........•.............. do .. -··· .. _................•.....•...•..
Joyce, Walter E .....•.•....................... Administrati,·e assistant ................... .
Halsted, J. Donald .••••.•...•...•............. Special assistant, Statistical and Economie
Divison.
Greist, Alva O _.. __ ------------·---- -·--. __ .. . ."-nds'pc·is.~•r.}n' :nefg·n.~eere.r·.·.·.·.-:-.·. ·••.•-::·.•••..-:::.··. :.· ::
Lamphere, Frank E..... •. .•...•.. .. ... .. . .. .. 1
, 11 .
1
Tracy, Frank T ..............•................ Chier Clerk .............•....•.•..•...•... _.

g~~~~h: {t1t!~~cA:::::::::::::::::::::::::::

~~~~~~er:::::::::::::::::::::::::::::::::::

f~~!o';; {t~•~~:::::::::::::::::::::::::::::: ·E11g?ieerin11:"examiner:::::::::::::::::::::::
Etheridge, Julian C.... ....• ... . .... ... . . . .. .. Examiner ..........••...•..••..........•....
~~t'h~~rwfili~~°i .r:1:~~~'. .~r...::::::::::::::::: .~~ '.:t:::::::::::: :::::::::::::::::::::::::::
1

Hntchinson, A. S................................... do.- ••.....•.................••.......•.•
Stoner, Oeor~e B ................................... do .......................•.......••......

~l~;~ii11!~=ii~::::::::::::::::::::::::::: ·! ~~t~~:~t!?~~~~~~!~~:: : : : : : : : : :
Bassett, Albert E ................................•.. do ..•...•...•.•.•....•.................•.
Bnrrowes, Alfred D •........•.........•............ do ..•.•..•...........•...................
Dawson, Donal<l 8 ...... ____ ··-·-----------·-- _____ do·-----------·-------·--·-----·----·----

~;r~~~fl!~J;:::::::::::::::::::::::::::

====Jt======================================

;IT1li;f1~~nf,~:::::::::::::::::::::::::::: :::::iL::::::::::::::::::::::::::::::::::::
Collins, James H.............................. Administrative assistant. ••....•...•.•......
Greely, Adolphus W ., Jr...................... Engineering examiner ............•.....•.•..

t~~t~~~~1w:::::::::::::::::::::::::::::: ·i~i:!~iri~"i~1~~~::::::::::::::::::::::::::
Wortbington 1 L. S ....•..........• - .•.•...•••....... do .•... ••························-·-····•
Warren, Freaerlck H .••..•..•............. ··-· Engineering examiner •...•.•....•.••••••••..
Ellsworth, George C .••• ·-·············-··•···· C'ounsel.. ..•..•.••.•..•.... _..•...•••••.••...
A~b~~~~•llmilton .•. ·-· .... ·-··. ·-··· ·- •• ·- _Exa:r~ner •...•.••...•••••......... ·- --· •••..

Digitized by

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108

REPORT OF RECONSTRUCTION FINANCE CORPORATION

13.-Namea and compensation of director&, ojfi,cera, and employees of the
Reconaf;ruction Finance Corporation receiving from the Corporation more than
$400 -pe,,r month, a, of Dec. 91, 1998-Continued

'TABLE

W ASHINOTON OFFICE-Continued
Tltle

Name

-Chase, John H ••••••.••••••••••••••••••••••••. Assistant chief, Statistical and Economic
Division.
Bergstrom, Raymond A ••••••.••.•••••••••.••• Examiner ••••••••••••••••••••••••••••••...••
Maroney, W. H ..•.••••••••••••••.••••••••..•...... do ..•..••••••...••••••••••••••.•••••••.••
Balley, Lawrence M........................... Field representative••••••.•••••••••..•••....
·Metz, Elmer ls................................ Counsel. •.•••••..•••••.•••••••.••••••••..••.
Robert, F. H .•.•......••••.•.••••••••••••.•••. Supervising engineer ••.•••.•..•••••.•••••.•.
·Cole, James 0 ••..•...•.•....••••.••••.•••••••. Assistant to Mr. Schram ••••••••••••••••••.•
Letcher, J. M................................ .. Auditor •••••••••••••••••••••••••••••••••.•••
·Murphy, D. F .......•.•••••.•••.•••.••••.•••..•... do...••.•••.•••••••••••••••••••••••••.•.•
Respess, John R .•...•..•.••...••.•.•••••••••.•••••. do .•••••..•.•••••••••••••••••••••••.•.•••
Stroberg, H. R •.. _..••.•..••••••.•.•..•••••••.••.•. do...••••.••••••••••••••••.••••.•••••••••
Easley, Robert J.. .....•.••.••••••.•••••.....• Appraiser ••.••••••••••.••••••••••••••••••••.
Braverman, A. Marvin........................ Counsel. •.•••••••••••••••••••••••••••.••••••
Brown, Alan B .•...•••••..••••.••••.••••.•••..•••.• do.••••••••••••••••.••••••••••••••••••••.
·Campbell, J. Bowers .••••.•••••••••••••..•.•.•••••• do .•••••.••••••••••••••••••.•••••••••••••
.Jacobson, Harold E .••..•..•••.•••.•.•••.••.•••••••• do••••••••.••••••••.•••••.•••••••••••••••
.McLaughlin, Matthew A., Jr .•••.•.•.•.•.••......• do •••••••••••••••••••••••••••••••••••••••
Mills, J. Warner,Tr ...•.••.••••••••...•.•.......•.. do ...•••••.•••••••••.••••••••.•••••••••••
r~:s~Jl~y:d!~"6 Callan •••• •·••·•·•·•••••••••· .•••

·i~······· ·························· ......
Exa:::lner:: :::::::::::::::::::::::::::::::::

~=~i:i,eis'iii~~mif~~ .~: :::::: : : :: ::: : : :: :: :: :: : ·
Eigelberner, J ••.••••••••••••••••••••••••••••••.•••• do •••••••••••••••••••••••.•••.•••••••••••
Foster, Sterling J ., Jr••.••••.••••••.•.••••.•••. .•••. do .•••..••••••••••••.••••••••••••••.•••••
He111"mann, Herbert J •.....•..•••.•.•••.••••••..•••. do .••••••••••.•••••.•••.•••••.•••••••.•••
Mccutcheon, William N ••..••••••••.•••••••••••.•. do ••••.•.••••••••.•.•••••••••••••••.•••••
Rhett, Robert Goodwyn, Jr .•••••••••••••••••• ••••. do •••••••••••••••••••••••••••••••••••••••

~t:~~~1\:~e~ B:::::::::::::::::::::::::::::: :::::i~:::::::::::::::::::::::::::::::::::::::

Wise, George E ••..•••.•••.•.••••••••••.••••..••..• do •...•••...••.••••••••••••••••••••••••••
.Bliss, Rodney M .•.•••.•••.••••••••••••••..••• Field representative .••••••••••••••••.•••••.•
Ferratt, Thomas L •...••••.•••.••••••••.•••.••••••. do ...••.••.•.•.••••••••••.••••••.•.•••••.
Wagner, WBiter D... .....•.•...........•.•... Appraiser ••.•••••••••••••.•••••••••••••••••.

SBlary per
month
$433.33
433 33
433.33
433. 33
433. 33
433.33
433.33
4~5.00
425. 00
425.00
425.00

416. 67
416. 67
416. 67
416. 67
416. 67
<il6.67
<il6. 67
<il6. 67
<il6. 67
416. 67
"16.67
416.67
416. 67
<il6.67
<il6. 67
416.67
416. 67
416. 67
416. 67
416.67
416.67
(')

LOAN AGENCIES I
Atlanta, Ga.:
Candler\ Scott..•••••••••••••••••.•••••••••
Chadwe 1, W. A .•..•...•.................•
Reynolds, G. P ••••••••••••••••••••••••••••
BBltimore, Md.:
Coke, William H..........................
Chatterton, Joseph V••.•••••••••••••••••••
Birmingham, Ala.:

Acting manager ..•••••••••••••.••••••••••••.
Assistant manager ••••••••••••••••••••••••••
Field representative •••••••.•.•.••••••••••••.

$500.00

SpeclBI representative ••••••••••••••.•.•••••.
Examiner •••.•••••••••••••••••••••.•.•••••••

458. 33
'16.67

Manager••••••••••••••••••••••••••••••.••••.

<il&.67

Hagerty, John J.. ......................... Manager .••••.••.•••••••.•••••••••••••••••••
Larklnt!Jeorge E .•.••••••••••••••••••••••• Assistant manager ......................... .
Charlotte, N. C.:
Campbell, John A., Jr .•••••••••••••••••••. Manager ••••••••••••.••••••••••••••••••••••.
Chicago, Ill.:
Gaal 1agk,hCerra' Fg. D.·.: ·.: ••••.• •.•. ·••• •• •.
• · •••••..·•• ••·• ·••••••• .. •. Assistant
Manager •.••••••••••••••••••••••••••••••••••
manager ......................... .
B1 0
1 0
Walker, Lee............................... Office counsel. ••••••••••••••••••••••••••••••
Rosenwald, Harold........................ Counsel. .•••••••••••••••••••.•••••••••••.•••
Fordyce, William C •...•••••.••.••.•••••.• Examiner •••••••••••••••••••••.•.•••••••.•••
~i::,1~1y B. Archibald ••••••.•••.•.•..•.• Aii!;ey···································
6
Gregson, William F •••••••••..••...•.•.••• Examiner •••••••••••••••••••••••••••••••••••
Boysen, Louis K ••...•••.••.•.•......•••.•.•••• do .•••••••••••••••••••••..••..•••.•••....
Mudgett, C. F ••.••••..••••••.••.•..•.••...•••. do ....•...•••••.••••••••••••..•••••••••..
Standish, M. L............................ Assistant to the manager •.••.•••••••••••.•.•
Walters, Harold B... ..••••.• ...•.•.•••.••. Attorney ••.•.•.•.•••••••••••••••••••••••.•..
Gill, Charles R... ..•.•••..•• ...•••...••••• Examiner •••.•••••.••••••••••••••••••••.••.•
Nelson, Harvey F .....•........................ do ..••..•.•.••••••••••••...•••••••..•.••.
Fink, Sigmund A......................... Attorney ••.•..••••.•.••••••...•.••••....•••.
Allen, William 8 ••••••••••••••••••••••••••.•••• do .•...••••.•••••.•••••••.•••••••••..•••.
ii~~t H ••••...•.•...•••••••••... Exa:r~ner ••••••••••••••••••••..•••••••••••••

708.33

Bosto~~\:r!is~ ...............................

~~~t°:;

Cleveland, Ohio:

if!~c~~f

~M·M························

.r~~~~ manager·························:

500.00

500.00

458. 33

500.00
833. 33
625. 00

791.67
625. 00
625.00
625.00
625. 00
541.67
500.00
500.00
500. 00
500. 00
458. 33
45S. 33
433. 33
416. 67
416.67
416. 67

750. 00
641.67
641.87

1 Employed on per diem basis at $JS per day. Compensation for October, $3110; November, $420; Derem•
ber $405.
• Except as herein Indicated, attorneys handling legBI matters of the varlollll agencies of the Corporstlon
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.

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REPORT OF RECONSTRUCTION FINANCE CORPORATION

109

'. T ABLJ!I 13.-Namea and compensation of director&, officer, and employees of tM
• Reconatruction Finance Corporation receiving from the Corpontion 1"0re than
$400 per month, aa of Dec. 91, 1998-Continued
LOAN AOENCIES'-Contlnued

Name

Salary per
month

Tile

Dallas, Te:r.:

Glidden, L . B. . ...........................
Detroit Mich .:
Hodgson, Raymond J. ................ ....
Fushman, Arthur J • • •....................
Nelson, Fred F . .•.. ..•..••................
Massnick, Alfred W . . •• ... ...•....•.....••
Houston, Tex.:
McConnell, M •••..... . . ••...•............
Jacksonville, Fla.:
Farwell, Fred H ..... ....... ....... . ... . ...
Kansas City, Mo.:
Hodi,:"3, Frank ................. , ... . ......
- Little Rock, Ark .:
Jarrett, J . W ..............................
Los Angeles, Calif.:
Haight, Hector 0 ................. ..
Louisville, Ky.:
Abell, J . Fort..... .. .......................
Humphrey, Lovell M .....................
Mlnneapol!s, Minn. :
MPoawyenrar,Ode,oBregne OC •.•••• ••·•·• •.•••••••.•••.·•·.•.·.••·•·.·.·.·.••·.·.
Nashville, Tenn. :
Gardenhire, J. M . ........ .................
Davis, Lee. ... .. ..........................
New Orl eans, La.:
Buskie, George F ..... . ................... .
Robertson, George W .................... .
Goodman, Samuel J..................... ..
Green, Justin ...................... . .... . . .
New York, N . Y.:
Ahearnl.Thos. J., Jr ... . ...................
Tyree, roung ............. . ...............
Farthing, William J . . .. .................. .
Schnelder, John Thomas .....•............
Evarts, Effingham........................
Kavanagh, Thomas P .....................
Barrett, F. H .. . •. .. . ... ...... .... ........
Summers, Geor~e . ........................
Stevens, Harry I...... ....................
Frey, Charles L ..• . •...•..•..•.....•.•.•..

Manager .... . .............................. .

~58. 33:

Manager .. . . .. ............................. .
Assistant manager •••..•.•••.•.••.•...• •••. .
. . .. . do ....... ............................... .
Attorney ................................... .

500.00

625. 00

416.6T

M0. 00

Manager . . •••• •..• . ....•....••••. • •••.. • •. .•

450.00

Manager ........... . ... . ................... .

500. 00

Manager.... . ............................... '

600.00,

Manager .................................. ..

500.00

Manager .................................. . .

500. 00

Manager .. . . .. ............................ ..
Agency counsel. ......................... . . .

520. 83-

Manager . . ................................. .
.Assistant manager ......................... .

625. 00
450.00

Manager . ..... ............................. .
.Assistant manager . ........................ .

500.00
458. 33"

Manager ...... .... .. . ...................... .
Assistant m,mager .................. ....... .

833. 33:
500. 00·
500.00

~!::'n%~~~.~~~~·.::::=========:=:==========::
Manaizer . . ........................ ... ..... . .
Assista nt manager ......................... .
E xaminer . ... .. ....................... ..... .
Agency offi ce counsel.. .........••.•.....•...
Assistant agency office counsel. ........ .... .
Exa mi n er ..... ............................. .
Special assistant. .......................... .
Attorney . .. ................................ .
Exo.mioer .. . ..... . ......................... .
Chief, Loan Liquidation Division ....•••••••

i~ftltI;ft:t~~~~~~~~~~~~~~~~~~~~~ =~~~~::~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Wilson, Russel T ............................... do . . .......... . ................... . .... .
Oklahoma City, Okla. :
Eagen, J . C . ..... . ...................... . . Manager .............. .. ................. . . .
Omaha, Nebr.:
Daniel, Herbert 8 ... . ....... . ............. Manager ................................... .
Philadelphia, Pa.:
C oit, Oladdlog B ....... . ............... . . . Manager .•.• .. ......•.......•...•....•.•.•.•
Scott, E . Raymond . ·- · ········· · ········- Assistant manRt er _ - - - - --------------------Walton, Henry F ., Jr .• _................. . Acting assistant manager................... .
McCarthy, Arthur F ..................... . Office counsel . •. ••• -....................... .
Gretz, Arthur A .......................... . Examiner . ..•. •. . ..• .....•••.••.••.••••• • •..
Portland, Oreir. :
Kennedy, Wllllam.. ...................... Manager .. ................................. .
Richmond, Va.:
Gilmer, Henry 0 ......................... . Man ager• ••. _•.• . •.•••...•••••••...•••••••. •
Staples, E . W _.. . ........................ . .Assistant manager ......................... .
Crump, William W ...................... . Office counsel. ............................. .
San Antonio, Tex.:
Meerscheld!_i Otto ......................... Manager . .. . ............................... .
San Francisco, v al!!.:
Calkins, Allard A ........................ . M a nager .... . ... . . ..... _.••••....•.•.•...••.
McCullough, John S., Jr ................ .. Assistant manager .................... . .. . . .
Hos;mc.k, Harry F .... . ................... . Examiner ....... . ....................... . .. .
St. Loms, Mo.:
Snyder, John W ........................... Manager .... .. . ......... . ................. . .
Sain, Frank 1..... .. . ..................... .Assistant manager ......................... .
San Juan, P . R .:
·
Norregaard, Nelson....................... Special representative ...................... .

410. 67

500. 00

833. 33:
791. 67

791.67
708. 33.
708. 33
583. 33:
500. 00
500. 00

483. 33
458. 33
458. 33
441. 67
416.67
416. 67
416. 67

450. 00
500. 00

833. 33:
550.00
416. 67
600. 00
441.67
45(), 00

541.67
458. 33:
416. 67

500.00
750.00
500. 00
450. 00

708. 33"
475. 00

450. 00

• E:rcept as herein Indicated, attorneys handling legal matters of the various agt1neles of the Corporation
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.

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REPORT OF RECONSTRUC'.rION FINANCE CORPORATION

110

14.-Statement of cash receipts and expenditures during the fourth quarter,
Oct. 1, 1938, to Dec. 31, 1938, inclusive (Corporation's accounts with Treasurer oj
United States)

TABLE

Cash balance at the close of business Sept. 30, 1938, 88 per the books of the treasurer of the
Corporation ........•................................ ·······················--------···
Add: Checks issued prior to Oct. 1, 1938, canceled subsequent to Sept. 30,
1938...................................................................

$572.02

30, 1938 .. •···· •· •·· ........ ··• ................ ········ ············•···

287,175.57

U46. 7112. ll

Add: Corrections of errors reported to the treasurer subsequent to Sept.
287. 747. SI

Adjusted cash balance at the close of business Sept. 30, 1938 ....... -·····-················
Receipts:
Sale of notes........................................................ $440,339,000.00
Repayme11ts on loans:
1'o banks and trust companies (including re•
ceivers).... .. ...... ...........•...............• $8,028, 772. 18
To credit unions.................................
12,103.00
To building and loan associations (including

oomp.!lnies::::::::::: :: :::::: ::::::

134,991.14

T~ei~~~~~c,,
483,548.15
To joint·stock land banks ....................... .
33i,040. 58
To mortgage loan companies .......•............. 4, 594, 053. 33
To railroads ...............•.............•...•..• 3, 693, 311. 82
To fishing industry .............................•
84,541.21
To business.fnter.pr~ .................•.•...... 7, 2~, 877. 75
To mining, milling 1 and smelting business ......•
139, c.oo: 00
On assets of closed oanks ....................... .
742,674.13
For self•liquidating projects (par $33,394,500) .... . 32, 553, 883. 83
For repair or reronstruction of property damaged
by earthquake, etc.:
Under sec. 201-a, act of July 21, 1932, M
ameuded .........•........................•
21,059.14
Under act of Apr. 13, 1934, 88 amended:
Industrial and commercial business ...•.•
19,060.69
29,104.84
Other ..........•.. ···-•-•· .............. .
For financing the carryinl! and orderly marketing
of agricultural commodities and livestock pro·
duced in the United !states other than Com•
252,751.97
modity Credit Corporation ....•.....•........
To drainage, levee, and irrigation districts ...... .
123,956.33
Secured by preferred stock:
Insurance companie.s....... ..•......•...... ..
150,000.00
Banks and trust companies.................. 2,414,368.49
. 61. 067, 098. 58

Preferred stock, capital note and debenture·retirements ............ .
Preferred stock installment sales contracts ......................... .
Sale of securities purchased from Federal Emergency Administration
of Puhlic Works ......................................•....•••....
Funds of other governmental agencies:
Disaster Loan Corporation ..•......•..............••..•.••...•••
Export•lmport Bank of Washington •............•.•...•••.••...
Commodity Cre'1it Corporation ...........•...•.•.......•.•...•
Federal National Mortgage Association ............•.. ·········Interest and discount collected .................•...............•...•
Dividends collected on preferred stock purchased (including interest
on interim receipts) ........•......................................
Interest collected on oanital notes and debentures ............•...•.•
Accrued interest on notes sold ...............................•.....•
Premium on sale of securities purchased from other governmental
agencies ____________________________________________ ------------- __
Interest, to date of purchase, on securities purchased from other gov•
emmental agencies ... _.............................•...•.........•
Reimbursable expense collected ..................................•.•
Repayments on advances for care and preservation of collateral. ....
Liquidation of assets acquired through foreclosure and settlements ••
Premium on securities sold ............•..........•.....•.•.....•....
Remittances held in suspense................•......•............•..
Unallocated, pending advices ................................•.•.•••
Miscellaneous (including amounts credited in error) .•.....•...•...•

5, 429. 580. W
15,483. 17
7, 761, 654. 35
2, 438, 492. 59

I 6, IN, (Y)(l_ 00

21, 543, 822. 23
2, 378, 685. 56
10, 234. 360. 83
183,391.41

56,405.21

230.35

I, 894, 663. 57
38,437.47
772,678.00
246,451.87
3,342,614.80
1. 500, 254. 08
11, 543, 454. -l3
5, 861, 423. 23
360, 990. "6

593. IW.1'1'2.•
w:3,9.3,712.tl

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REPORT OF RECONSTRUCTION FINANCE CORPORATION

111

14.-Statement of cash receipts and expenditures during the fourth quarter,
Oct. 1, 1938, to Dec. 31, 1938, inclusive (Corporation's accounts with Treasurer of
United States)-Continued

TABLE

:E,pendltures:
Retirement or notes .. _._. ___ -----···-·-·····-·-·-···---·--· .•••• --·· $298, 892, 666. 67
Loan disbursements:
To banks and trust companies (including I'll•
$3, 431, 276. 39
ceivers). ·- _........... - ·-- --- ·----··-·--- ·-·617. 259. 71
To joint•stock land hanks ... ·--------·-------·To mortgage loan companies _____ ·--··--------42, 87 5, 31}1\ 08
20,422,921.95
To railroads_ ....... ·····-·-·---··---··-·····-To business enterprises _______________________ _
24,117,459.57
To mining, milling, and smelting business. ___ .
87. 000.0!)
On assets of closed hanks._ ................ ·- __
602,652.21
For self•liquidating projects (par $27,767,500) ..•
26,933. 187. 83
For repair or reconstruction of property dam•
aged by earthquake, etc., under act or Apr.
13, 1934, as amended, other than industrial
and commercial businl'ss ___ _________________ _
3. 500. 00
For financing sale of agricultural surpluses in
10,000,000.00
foreign markets.·············-••···· ........ .
For financing the carrying and orderly market•
ing or agricultural commodities and livestock
produced in the United States other than
53,000.00
Commodity Oredit C'or!)Omtion ....... -----·
To drainage, le,-ec, and irrigation districts ...••
l, 594,414.47
Secured by preferred stock-insurance com•
100,000.00
panics .. _-· .... ·----···---·--------·----·---:Purohases of preferred stock and debentures-banks and trust companies_ .. __ .--·-···--- .. ··--- ..... ·--· ... ·-···· .............. ····.Purchases of securities from Federal Emergency Administration of
Public Works .............. _....... _................ ··-··-• ...•..•
Withdrawal of funds by other governmental a~encies:
The RFC Mortgage Co ........... ••··-·-·-·-·--···•········-··Disaster Loan Corporation_.······-••··········-·-···-···-···-Export•lmport Bank or Washington·-······--··--··········-··Commodity Credit Corporation .... ····•············-···-·····Federal National Mortgage Association •.... -········•········-·
Allocations:
To Federal Housing Administrator ............... $1,000,000.00
Purchase or stock of Disaster Loan Corporation.. _ 2,000,000.00
For expenses, regional ~ricultural credit corpor•
ations.............. ....... ......... ..... .. . .. ...
188,500.00
For expenses, FMel'III"Efnert1eney 'Rellef•Adminls•
tration.·-···-· ...... ······--········ .. .. ........
561. 42

Advances for care and preservation of collateral. .... ···-· ....... ·-·.
Advances for care and preservation and expense on assets acquired
throu~h foreclosure and settlements ........ _..................... .
Expense of servicing securities purchased from Federal Emergency
Administration of Public Works._ .................•........ ···-··
Refund of interest and dividend overpayments·--·····--·•···••--··
Release or funds hel<l in suspense ..•.............. -· .... ·- •.........
Interest on notes ........... ··························-··-····-···-·lnterest on funds held for Commodity Credit Corporation .•........
Accrued interest on securities purchased.·-·················-·······
Furniture and fixtures ...•. ·-·········--·· ........ ·····-··········-Expense:
General.. ....•... ·- ........•. _.•........ ·-_._ ..... -··- ... ·--._ .•
Loan agency·····-···-····················-·········--·······--·
Custodian ............. ·-· ..................................... .
Reimbursable expense.············-········ ...................... ·MisC't'llaneous (including refunds and adjustments for amounts
credited in error) ... ·-· ............... ···-··········-·-·-······-··

130, 837, 1178. 21

45,271,500.00
10, 292, 600. 01

5,000.00
1,532,697. 17

9o0, 000.00

83, 468, 8fll. 22
2, 207, 965. 62

3, 189, 061. 42
399,802.57

209, li8.05
33,330.79
79,082.37
7,381,858.69
1,710,857.02
536, 751. 19
214, 117. 19
44,241.01
1, 113, 495. 04

I, 130,761.97
382,321.09
673,161.57

833,639.35
$591, 390, 869. 12

2, 542, 8t3. 29
· Cash balance at the close of business Dec. 31, 1938 .•• _···-···-·-·· .•.•....••••.. ·········NoTE.-ln addition to funds on deposit with the Trea.surer of the United States, custodian banks and
trustees held in suspense funds which amounted to $636,4Q6.76 at the close or business Sept. 30, 1938, and
. $634,414.61 at the close of business Dec. 31, 1938.

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112

REPORT OF RECONS'l'RUCTION FINANCE CORPORATION

TABLE

15.-Statement of cash receipts and ezpenditurea, Jan. 1 to Dec. 81,
inclusive (Corporation'• account, with Treaaurer of United Statu)

Cash balance at the close of business Dec. 31, 1937, as per the books of the
Treasurer of the Corporation •••••.••.•.••.••.•••.••.•••••••••.••••••••••••••••••••••••
.Add: Checks issued prior to Ian. 1, 1938, canceled subsequent to Dec.
1
it~rectlons or errors reported to the Treasurer subsequent.to Dec.
31, 1937 •••••••••••••••••••••••••••.••••••••••.••..•••••••••.•••••••••
38,004.52

19,s.

$3,'38.551.71

A!~:

Adjusted cash balance at the close of business Dec. 31, 1937•••••••••••••••••••••••.••••••
Receipts:
Sale of notes....................................................... S879, 498,500.00
Repayments on loans:
To hanks and trust companies (including re•
,d vers) .••...•..•••••••••••••••••••••••••••••• $35, 475, 383. 99
To credit unions................................
49,107.00
To building and loan associations (including
receivers).....................................
663, 646. 65
To insurance companies........................
802,971.47
To Federal land banks.......................... 11,567,965.17
To joint·stock land banks.......................
808. 873. 32
To mortg"J!:e loan companies.................... 60, 531, 297. 81
To agricultural credit corporations..............
11,984. 79
To railroa<ls.... ...•.•..•••.••••••.•.• .. ...•.••• 7,094, 752. 79
To fishing industry.............................
108,087.13
To business enterprises......................... 17, 744, 775. 15
To mining, milling, anrl smeltinll: business......
347,175.16
On assets of closed banks....................... 5,282,142.56
For self-liqui<lating projects (par $101,600,445.40). 100,758,812.88
For repair or reconstruction of property damaged
by earthq nake, etc.:
Under sec. 201-a, act of Inly 21, 1932, as
748,243.07
amended .•.......•..........•..•.....•••••
Under act of Apr. 13, 1934, as amended:
Industrial and commercial business ..•••
84,316.97
Other .......••.•..•...•..•.•.•.•..•.....
13S, 125. 42
For financing the carrying and orderly marketing
of agricultural commodities and livestock pro•
duced in the Uniter! States:
Commodity Credit Corporation •••••••••••• 105, 799, 950. 43
320,943.94
Oiher .........................••••.•••••••.•
To drainage, levee, and irrigation districts...••.. 1,015,298.45
To public school authorities ..•.••••.....••.•...•
500. 00
Securerl by preferred stock:
Insurance companies........................
631,277.16
Banks and trust companies................. 3, 121,820.24
353, 107, 350. 95,
33,957,740.54.
Preferred stock, capital note ancl debenture retirements .•••••••••••
2, 500, 000. 00
Capital reJuctions regional a~ricultural credit corporations •••••••••
187,246.62
Preferrert stock installment sales contracts ..••..•..•..•...•.......•
Sale of securities purchased from Federal Emergency Admlnlstra•
32, 908, 501.12'
tion of Public Works ....•.................•...•..•.•.••••••••.•••
Funds of other governmental agencies:
8, 610, 153. 94Disaster Loan Corporation....•.....•••••...•••.•••••.••••.••••
16, 500, 000. 00·
Export•Import Bank of Washington •.•••••••••••••••••••••••••
Commodity Credit Corporation ..•...•••••••••..••.••••••••••• 229, 446, 002. 37·
Federal National Mortgage Association ...•••.•••••.•••••••....
35, 630, 356. 90
Interest and discount collected .•........••......••.••••••••••••....
41,592,485. 82·
Dividends collected on preferred stock purchased (including interest
II, 754, 035. 31
on interim receipts) .........................•....•.••••.....•••.•
8, 529, 200. 6T
Interest collected on capital notes and debentures .••••••••••••••..•
750, 935. 53,
Commitment fees of The RFC Mortgage Co •..••••.•••..••••..••.•
7,473.30
Accrued interest on notes sold ••••.•.••••••••••••••••.•••••••••••••
Premium on notes sold .......•.......•.......•.•.•.•.•.•.•••......
9,755.30
Premium on sale ol securities purchased from other governmental
agencies ______________ ---- _________ -- - ----- --- -- -- ---- ---- ---- -- -1,.244,.975. 63
Interest, to date of purchase, on securities purchased from other
865;.449. 58
•........•••••....••••••••.•.••••••••..•
governmental agencies
2,612,487. 59·
Reimbursable expense collected .•...•..•..•..•..•.•.•.•..........••
1.218, 245. oa
Repayments on advances for cRre and preservation or collateral. .••
1,595.811,
Collections on collateral (cash collateral) •......•.•..•.•........•...
4,901, &H. 69
Liquidation of assets acquired through foreclosure and settlements.
5,
82"2,
I 92. 02
Premium on securities sold_--------------------------------------38, 730, 293. 56
Remittances held in suspense .•.•..••••••.....•••••.•••••••••.•.•••
5,861,423.23:
Unallocated-penclln~ advices ......................•••....••.•...•
720, 1511. 40
Miscellaneous (including amounts credited in error) •••••••••.•••.•

40. 471. 4i
3, 4n.123. r.

1, 709, 968, ~ 1if'

Total. •••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••• ·-········· l. 713,«.\ 32li :II

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REPORT OF RI.•JCONSTRUC'l'ION FINANCE CORPORATION

113

ol

15.-Statemenc
cm receipt, and ezpendiCures Jan. 1 to Dec. SJ, 1998,
inclv.8'WCI (Corporation, accov.nu with Trea,v.rer of United States)-Continued

ABLE

:pendltures:
Retirement of notes ..••••••..••••..•••••.••.•.•...•..••....••.•.... $817,892, 6611. 67
Loan dlsbursements:
To banks and trust companies (including
receivers) .•.....•...•.•...............••....... $9,761,107.43
To building and loan associations................
595, 2n. 66
To Insurance companies......................... 1,017,793.39
To joint-stock land banks........................ 4,422, 88.1. 49
To mortgage Joan companies ..........•.•........ 83,611, 1118. 211
To railroads ....••.••...•.....•.•....••.•.....•.. 87,974,421.95
To fishing industry..............................
300. 00
To business enterprises. . . . . . . . . • . • . . . . . . • . . . . . . . 52, 448, 370. 62
To mining, milling, and smelting business.......
980,200.00
On assets of closed banks........................ 5,973,586.64
For self•llquldating projects (par $58,341,500) ..... 66,490,188.53
For repair or reconstruction or property damaged
by earthquake, etc., under act of Apr. 13, 1934,
as amended, other than Industrial and com•
merclal business...............................
18,100.00
F1~ret':°=e:~~. ~~.~. ~~~~.
For financing the carrying and orderly marketing
of agricultural commodities and livestock produced In the United States:
Commodity Credit Corporation .••••.•••.•..
Other........................................
To drainage, levee and Irrigation districts........
To Rural Electrification Administration .........
Secured by preferred stock, insurance companies.

1

~'.1.'.~~~ .~ :ii, 000, 000. 00
42, 649, 555. 58
73,000.00
4,957,601. 74
24,900,000.00
IGO, 000. 00
395, 974, 300. 32

Purchases or preferred stock and debentures-banks and trust
compenies ..••..••....••.••.....•.........•••.•..................
Purchase of stock of Federal National Mortgage Association ......•
Purchases of securities from Federal Emergency Administration of
Public Works ..........•....••••.........•••.......•.............
Payment to Federal Emergency Administration of Public Works
of premium from sales of securities ..........•..••.•••.•..••.••••.
Withdrawal of funds by other governmental agencies:
The RFC Mortgage Co ...••••.•••.••••....•••....••.••...•.•..
Disaster Loan Corporation.•...•..•.•••••••••.•.••..•..•••.....
Export•Import Bank of Washington ..•.•.....•................
Commodity Credit Corporation ......•.•...•.•.......•........
Federal National Mortgage Association ••...•...•.....•........
Allocations:
To Federal Housing Administrator ...•.•.•....• $ll', 400,000. CO
Purchase of stock of Disaster Loan Corporation. 2, 000, 000. 00
For expenses, regional agricultnral credit corpora•
tlons..................... ...••••..•.•.•.... ..•
740,347. 60
For expenses, Federal Emergency Relief Admln•
lstration. ••••...••.•..•.. ... ............. ....•
1,385. 66
Interest on notes Issued for funds for allocations
to other governmental agencies and for relief.. l, 732,341.23

16,000.00
2, 982, 094. 01
2, 450, 000. 00
240, 139, 705. 76
34, 642, 631. 74

Refund to Secretary of the Treaaury of funds received as capital red uctions of regional agricultural credit corporations .............•
Advances for care and preservation of collateral. ........•..•.......
Assets acquired through foreclosure and settlement~.--- .•..........
Advances for care and preservation and expense on assets acquired
through forcelosure and settlements......................•...•...

2, 500, 000. 00
l, 754,273. 19
20,792.59

E~=~::[;;,i~i~f;~'iJi~tw
~~~~~~ .~~~~~~~~:
Refund of Interest and dividend overpayments .•...••......•......
Refund of unearned discount ..•.••...•..•............•........•...
Release of cash collateral.. ...............•..•.........•............
Interest on cash collateral to redlscounts ...•.................•.....
Release of funds held in sn•pense •..•.............................•
Interest on notes .................................................. .
Interest on funds held for Commodity Credit Corporation ........ .
Accrued Interest on securities purchased .•.•....•.................•
Furniture and fixtures .•••...••.•••.....•..•...............•.•.....
Expense:
General. ••••••••.•••••••••.•••••.•...••••••..••.•...•.••.•.....
Loan agency ••••.••.••..••••.•......•.•••••...••.......•.......
Custodian ......•...•.••••.•..••...•.......•.•.................
Reimbursable expense ....•••....••........•.....•.................
Ml.~cellaneous (including refunds and adjustments for amounts
credited In error).................................................

o¥:~~.~!~~~.

55,691,750.00
11,000,000.00
40, 815, 159. 48

2, 500, 000. 00

14, 874, 074. 49

817,786.69
126,569.55

l, 665,412.30
70. 11
9,071.87
577. 51
47, 614, 775. 40
22, 688, 862. 62
536, 751. 19
l, 212, 187. 88
137,737.87

3, 843, 882. 11
3, 446, 742. 59
1, 636, 927. 46

2,696,341.89

I, 215,339.68
- - - - - - $1,710,902,484. '¥1

Cash balance at the close of business Dec. 31, 1938.•..••....•...•....••..••...•.•.•
2, M2, 843. 29
OTE.-ln addition to funds on deposit with the Treasurer of the United States, custodian banka and trus•
h~ld \n suspense funds which amounted to $613,125.02 at the close of business Dec. 31, 1037, and $634, •
il at the close of business Dec. 31, 1gas,

136800-39--8

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REPORT OF RECONSTRUCTION FINANCE CORPORATION

114

16.-Statement of cash receipts and ezpendituru, Feb. B, 199B, to Dec. 31,
1938, inclusive (Corporation's accounts with Treasurer of United States)

TABLE

Receipts:
Sale of capital stock ______________________________________________ _ $500, 000, 000. 00
Sale or notes _____ . __ . _____________________ • ______________________ _
6, 712, 038, 833. 34
Repayments on loans:
To banks and trust companies (including receivers) .. __ ------------------------------ $1,849,286,174.05
To credit unions___________________________
499,721.21
Toreceivers)
building_______________________________
and loan associations (including_
116, 159, 054. 60
To Insurance companies ___________________ _
86, 599, 031. 44
To Federal land banks ____________________ _
I 387, 236, 000. 00
To Federal intermediate credit banks______ _
9, 242, 975. 63
To joint-stock land banks _________________ _
16, 833, 780. 41
To livestock credit corporations ___________ _
12, 971, 598. 69
To mortgage loan companies _______________ _
331,582,867.44
To regional agricultural credit corporations_
172,017,533.39
To other agricultural credit corporations___ _
5, 558, 762. 42
To railroads ______________________________ _
188, 477, 922. 03
To processors or distributors for payment of
processing taxes ______ • __________________ _
14,718.06
Topublic
Statemoneys
funds for
Insurance of deposits of_
__________________________
13, 06(, 631. 18
To fishing industry _______________________ _
To business enterprises ___________________ _
To mining, milling, and smelting business __
On assets of closed banks_. ________________ _
For self-liquidating projects (par $157,068,579.40) _--- _--- --- -- _-- .• _••.•••• _. ----- -For repair or reconstruction of property
damaged by earthquake, etc.:
Uuder sec. 201-a, act or July 21, 1932, as
amended ____________________________ _
Under act of Apr. 13, 1934, as amended:
Industrial
and commercial business_
Other _____________________________
For financing sale of agricultural surpluses
in foreign markets ______________________ _
For financing the carrying and orderly marketing of agricultural commodities and
livestock produced in the United States:
Commodity Credit Corporation _______ _
Other ___________ . _____________________ _
To Secretary or Agriculture (Agricultural
Adjustment Act) _______________________ _
To drainage, levee, and irrigation districts_.

:f~
~~~~f ¾1~~iii:t~~tl"~inioistniiion:::
Secured by preferred stock:

Insurance companies __________________ ,.
Banks and trust companies ___________ _

350,875.63

40, 735, 369. 97
1, 336, 251. 64
41,353, 221. 52
156,087,671. 88

2, 649, 012. 13

230,428.62
406,961.'37
20, 177, 690. 67

767, 621, 073. 91
11, 404, 590. 62
3, 300, 000. 00
3. 074, 051. 90
22, 300, 500. 00
2,425.46

7, 238, 581. 91
10, 714, 059. 64

4, 278, 571, 637. 42
502,766,047. 29
17, 159, 232. 30
66, 455, 000. 00
20, 000, 000. 00
131, 977, 955. 52
Sale
or gold
___ ----------------------·--······--------·-----------Preferred
stock,
lnstsllment sales contracts _______________________ _
710,633.311

Preferred stock, capital note and debenture retirements __________ _
Relief disbursements (1932 act) repaid ____________________________ _
Capital reductions regional awicultural credit corporations.·-··-···
Funds received from Secretary of Agriculture ____________________ _

Sale of securities purchased from Federal Emergency Administration of Public Works ___________________________________________ _
Funds of other governmental agencies:
Regional agricultural credit corporations _____________________ _
The RFC Mortgage Co ______________________________________ _
Disaster Loan Corporation ______ ._. __________________________ _
Export-Import Bank of Washington _________________________ _
Commodity
Credit
Corporation
___ ·-----------·--··---------Federal National
Mortgage
Association
______________________ _
Interest and discount collected. __________________________________ _
Diviqend~ collect~d on preferred stock purchased (Including lnt8l'llllt
on mterim receipts) __ . ___ .. _.. _. ______ . __ . _____________________ _
Interest collected on capital notes and debentures ________________ _
Commitment fees of The RFC Mortgage Co _____________________ _
Accrued interest on notes sold ___________________________________ _
Premium on notes sold __________________________________________ _
Premium on sale of securities purchased from other govunmental
agencies ______ .. _._._ .. __ ... __ .. _. __ ._._. _______ • ______ . ________ _
Interest, to date of purchase, on securities purchased from other
governmental agencies .. _.. _. _________________________________ ••
Reimbursable expense collected _____________ ---------·· ___________ _
Repayments on advances for care and preservation of collateral. __
Collections on collateral (cash collateral) _________________________ _
Liquidation or assets acquired through foreclosure and settlements.
Profit on sale of collateral purchased _________________________ •••
Premium
sold
__ ---------------·--------------------_
Premium on
on securitieR
loans retired
_______________________________________
Remittances held in suspense ___________________________________ _

452, 901, 088. 17
36, 800, 000. 00

23. 501,999. 111
14,660, 061!, 16
21, 842, 500. 00
284, 652, 0fi5. 37
35, 630, 366. 40
364, 681, 226. 41
73,291,515.35
31,330,219.31
750,935.53
778,726.84
708,710.08

17,870.714. 00
1, 186, 317. 86
10, 755, 595. 15
12. 291, 309. 91
1. 078, 891. 40
10,897,844.80
110,425.27

7,658,651.53
118,484.22
111, 458, 350. 35

See footnote at end of table,

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REPORT OF RECONSTRUCTION FINANCE CORPORATION

115

16.-Statement of ca8h receipts and expenditures, Feb. £, 1932, to Dec. S1
1938, inclusive (Corporation'• accounts with Treasurer of United States)-Con. '

rABLlll

iecelpt.s-Contlnued .
Unallocl\ted, pending advices •.......•.•..•••••••.••.•••••••.•.•..
Miscellaneous (including amounts credited In error and remittances
not collected) •••••••••••••••••••••••••••••••••••••••••••••••••••

$5,861,423. 2:l

6. 744,673. 75
· - - - - - $ 1 3 , 757,196,902. M
txpendltures:
Retirement or notes ...••...•...•..•......•••••••••••••••••••••.••• 2, 748,135,333.34
Redemption or notes, series Feb. 1, 1934 ......•..•...... .. ••... . ..•
131,575. 4ij0_ 82
Expense sbipment ol gold from foreign countries to United States ••
402,512.00
Loan disbursements:
To banks and trust companies (Including
receivers) .. •...•••••••••..••..•........•.• $1,975, 0i2, 124. 52
To crectit unions............................
600,095. 79
To building and Joan 8S8ociations (including
receivers) •.•......•..•.•.••••.•.•••••••.••
118, 134, 49~. 80
To insurimce companies __________ ·······--90, 69~. 209. 81
To Federal land banks ............•••...•••• I 3S7, 236, 000. 00
To Federal iuteru1ediate credit banks ••.••••
9,242,342. 72
To !olnlrstock land banks.......•....••..•.•
22. 402, 504. 87
To ivestock credit corporations .•.•••.•••.••
12. 971. 598. 69
To mortgage loan companies ..............••
485, 093. 3 I 5. OR
To regional a~riculturol credit corporations .•
16~. 009, 175. 27
To other aJ1;ricultural credit corporations ...••
5. 643. 618. 22
To ra.ilroacts . ••...............••.......•....
625, 100, 661. 06
To processors or distributors for payment of
processing taxes ....•..........•...........
14,718.06
To State funds for Insurance of deposits of
public monies . . ....•..............•.....••
13, 06-1, 631. 18
To fishing industry ........•.......••..•...•
719, 67.5. 00
To buslncssenterprises .••.................•
150. 427,339.81
To mining, milling, and smelting business .•
4. 146, 700. 00
On ass~ts or closed banks .•..........•......
45, 208. 693. 22
For self•liqnldating projects (par $347,675,700).
343, 045, 262. 61
For repair or reconstrnction or property dam•
aged byearthqnake, etc.: ..
Under S<'C. 201---&, act of July 21, 1932, as
amended ......•...••...•••...•.•.....•
8, 528. 945. 70
Under act of Apr. 13. 1934, as amcncted:
Industrial and commercial business.
891,372.75
2,582, 5i4. 47
Other .•........... _................ .
For financing sale of i.gricultural surpluses
40, 224, 586. 66
In foreign markets .•.......... ·-··········
For financing tho carrying and orderly mar•
keting of B!'ricnltural commodities and
livestock produced in the United States:
Commodity Credit Corporation ••.•... _
767, 6<8, 91~. 95
12,170,472. 87
Other ..•.•.•...........•...•......•.....
To Secretary or Agriculture (Agricultural
8, 300. 000. 00
Adjustment Act) .•......................•
84, 111. 4H. 33
To drainage . levee. and irrigation districts .•
22, 450. 000. 00
46, 500, 000. 00
t1~ii;i~~~n~~lfdniinistraiion::::
Secured
by 1ireferred
stock:
Jmmrance
companies
___________________ _
34, 375, 000. 00
18, 148,730. 00
Banks and trust companies .•••.••...•••
5,497,778,232 34
Purchases of preferred stock, capital notes and debentures, banks
anct trust com1>anies........•..................••..•••••.•••.... 1, 128, 189, 80fl. 511
100. 000. 00
Purchase of preferred stock, insurance company ......••••• _•••...•
25,000,000. 00
Pure bases or stock or The R•'c l\lortgage Co ...•.. . •.• . •...•• ••.
11. 000, 000. 00
Pur,•hase oBtock or Federal Nationa: Mortgage AssoclRtion ••• • ..
Capital increases. re~ional a~ricnlturn1 creel it corporations __ _. ____ _
26, 955. 000. 00
Purchases ol secnrities from Fecleral Emergency Administration of
592, 763, 95 I. 44
Public Works. •••.... .. ......•............ .. ...... • ••• ...•..... .
Payment to Federal Emergency Administration or Public Works
2, 500, 000. 00
of premium from sale of securities..................••• ••••••••.•
Withdrawal or funds by other governmental agencies:
3R, 800, 000. 00
Regional agricult.urnl credit corporations ...•. _...••••••••..•.•
23, Ill, 013. 54
The RFC Mortgage Co ..•...•.•.•••••.•..••.••••••••••••.•...
10, 5s2, o.r,a. 39
Disaster Loan Corporation .•.•....••••.•••••.•••.•••••••••...•
2, 792, 500. 00
Export•lmport BRnk or Washington •••..••••.•• • ••••••••..•.•
278, 084, 196. 21
Commodity Credit Corporation .....•..•..••...••• •• .•••••••.
34, 642, 631. 74
Federal National Mortgage As.sociation ...••••••••••••••••.•••
Allocations:
To Secretary of the Treasury for purchase or
stock of:
Federal home Joan banks ...•••......•..•• $124,741.000. oo
Home Owners' Loan Corporation......... 200,000,000. f,0
To Land Dank Commissioner .. ·-············ 147. 600,000.00
To Federal Farm M ortrage Corporal-loo...... 55, 000, 000. 00
To Federal Housing Administrator........... 67,021,074.55
Bee footnote at end of tabl~.

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116

REPORT OF RECONSTRUCTION FINANCE CORPORATION

16.-Statement of cash receipt8 and 1JX1JeMituru, Feb. e, 19Sf!, to Dec. 81,
1938, inclusive (Corporation's accounts with, Treasurer of United Statea)-COn.

TABLB

Expenditures-Continued.
Allocations-Continued.
To Governor of Farm Credit Admin~lon. $40, llOO, 000. 00
To Secretary of Agriculture................... 1311, 000,000.00
For subscriptions to ~apital regional ll!O"icul•
tural credit corporations.................... 44,500,000. 00
For expenses, regional agricultural credit cor•
porationa:
Prior to May 'rl, 1933 ..•..••••.....•...•••
•• 100,211.86
Since May 26, 1933 (under Farm Credit
Administration) ...•.•.................• 18,0f,IIOO.ft
Purchases or stock of Disaster Loan Corpora•
tlon................................. .......• 12,000,000.00
Purchase of stock or Commodity Credit Cor•
poration.. .••••.••..•. ......••..... .. ... ...• U7, 000, 000. 00
For expenses, Federal Emergency Reller Ad·
398,593. 4g
ministration .••.••••.•••..•.••••.•..•••••.••
For relief:
To States and Territories directly by the
Corporation............................ m, 1184, M. 00
To States on certification or Federal Erner•
j!'ency Relief Administrator............. '911, 6M, 000. 00
Under Emergency Appropriation Act,
1935 .•....................•........•....• 500,000,000.00
Under Emergency Relief Appropriation
Act, 1Q35................•.....••......•• 500,000,000.00
Administrative expense, 1932 relief............
126,871. 811
Administrative expense, regional agricultural
114,921.13
credit corporal.ions.............•...........•
Interest on notes issued for funds for allocatfon
to other governmental agencies and for relief. 33, 177, 419. 11:l
- - - - - $2,773,448, 7«.112
Refund to Secretary of the Treasury of funds received for capital
reductions of re!'ional aericultural credit corporations...........
2, llOO, 000. 00
Advances for care and preservation of collateral...................
13,477, 5211. 23
Assets acquired through foreclosure and settlements...............
Ulli, 910. 01
Advances for care and preservation and expense on assets acquired
through foreclosure anrl settlements......•.•••..•.............••
1, 789, 672. 30
Expense of scrvicinr securities purchased from Federal Emergency
142,671.10
Administration of Public Works ......•.•.....•••..•.•••.•••••••
Refund of interest and dividend overpayments •••.•.••••.......••
8, 724, 115. 10
1,074, 852. 10
Release of cash collateral. •...........•.•••••.•.•.••••..•..••.•.•••
28,195.92
Interest on cash collateral to rediscounts .......•...•••.•...•.•••••
Discount rehRtes and refund of unearned discount ••••.•..••••••••
ll!i3, 846. 31
Release of funds held in suspense ..•••.•••...••••••..•.•.•.•.•••••
W, 289, 367. 07
Interest on notes .......................•.............•..•......•••
214, 771, 972. 20
Interest on Commodity Credit Corporation's series A collateral
322,099.82
trust fund account .........................•...........•••••.•••
536,751.19
Interest on funds held for Commodity Credit Corporation ...•...•
u, 968, !\50. 83
Accrued interest on securities purchased ••.••..•.•.•...•••••.•••••
Furniture and fixtures .•.•...•..•....•.••..•.•.•••••••••••••.•••••
895, -i30. 89
Expense:
General. .•.•..••.•...•...•.... ··- •..••.•••.•••••••••••.•••.•••
25, O'lO. 047. 93
22, 808, 036. 98
Loan agency ...••••..............•••.•••••.•.•.•••••••••••••••
11, 876, 040. 67
Custodian ................••.....•••...•••.•••••••••••••.•.•.•
12, 287, 477. 28
Reimbursable expense .•..... ···-·· ................•..•...•..••..•
Miscdlaneous (including refunds and adjustments for amounts
credited in error and remittances not collected).................
6,648, 91i6. 32
- - - - - - , $ 1 3 , 764,654,059.25
Cash bal!\Ilce at the close of business Dec. 31, 1938.••••.•..••.•.•.•••.•.•.•••.•••.•.•••••
2, 542,8'3. :l!I
'fincludes $19a,618,000 representing refinancing or loans previously made by the Corporation to Federal
land banks for different individual amounts but in the same aggregate amount.
Non.-In addition to funds on deposit with the Treasurer of the United States, custo:lfan bants and
trustees held in suspense runds which amounted to $534,414.61 at the close or business Dec. 31, 1938.
TABLE

17.-Statement of condition aa of the close of business, Dec. 81, 19~8
ASSETS

Cash:
General account ........•.......•..•.......•...•..••.•••.•.•..••••.•
Ex~nse accou~t ______________________ ------------------------·-·--..
He d by custodian banks and trustees .•••...........•...........•.•
Petty and other ......•.............••...........•...•.....•.•.•.••.

$2,372, 185. 12
170,658.17
1134, 414. 61
21,185.00
$3, 1118, 442. g()

United States Government securities (par) .••.••..•...•...••.•.•.•••••.•.•••..••••••••.•
48, 020, 200. 00
Loans 1 ••••••••••...•...••••••••.••••.•.•.•••••••••••••••••••••••••••••••••••••••••••••• 1, 196, 774, 8&. 37
Preferred stock, capital notes, and debentures:
Banks and trust companies .........•...•....••...•..•..•.•..•.••••• Sli81, 41111, 554. 33
Insurance company.................................................
100,000.00
Insta!lment sales contracts ...•............••.. ··········-···········
134,866.61
See footnete at end of table.

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REPORT OF RECONSTRUCTION FINANCE CORPORATION

r ABLE

117

17.-Statement of condition aa of the close of buainesa, Dec. !Jl, 1938-Con.

:}apt ta! stock:

The RFC Mortgage Co............................................. $25,000,000.00
Federal National Mortgage Association............................. 11,000,000.00

~ecurltlee purohased from Federal Emergency Administration of Public
Works ............................................................................... .
Notes and accounts receivahle ......................................................... .
A.dvances for care and preservation of collateml. .•...•......•.•.•..••.••••••••••••••••••
Propectyacqui'l'ed in forec106ll11'S and settlements (original cost, advan•
ces fer care and preservation and expense)........................... $30,006, V87. 7'T
Less pr~s ofliquldation andiucome............................
8, 3g1, 2M. 36
Accrued interest and dividends recelveble ••••••••••••.•.•••.••••••••••••••.••••••••••••
Reimbursable expense •....................•.•••••••.•••.•••••••••••••.•.•••••••••••••••
Furniture and fixtures (less depreciation) •••••••••••.••.••••••••••••••••..•••••••••.••••
Other.•............................................... ••·••••··•························

$3&, 000, 000. 00
140, 1114. 037. 08
375. 105. 78

1,070,376.03

21,615,733.42
28,0511,snsg

1,431.175. 70
411-1. 111!1.M
G:l6,801.87

Total............................................................................. 2,059,582. 7-69. 63
~~~Ms;~~~~~~:

LIABILIT=

1ir1ct~nd Q) •.•••••••••.••••••.•••••••.•••••••••••••••••••••••••••••••

CI\Sh collateral......................................................
For other ;:overnmental agencies....................................

$838,460.M
81, 103, 706. ~

Receipts not aJloeated pending advices from fiscal agents •.••••••••••••.•••••••••••••••••
Other liabilities (including suspended credits) ..........•••••••.•.•..•••...•••••••••••••
Interest paid in advance ""1d unearned disco1111t. .•.••••.•••••••••••.•••.•••••••••••••••
Interest and lividend refunds payable .•.•.•••.•.•.•.•.•.•.•••••.•••••••••••••.•••••••••
Accrued interest payable .•.••..•.•••.•••.•••...•••.•.•.•.•.•••.•••.•••••.•..••••••••••••
Deferred credits. __ .·-.-· __ .••• ·-·-· ••.• ·-·- .•.•. ·- •.• ·-· •.•. ·-··-·-·-·_·-·-·-·-.·--·--·
Ca pi ta! stock __ .•...• ·--·.·---- •••• ·--·-_ .••• _.·-···-.·-.-··--·- __ • ___ ··- ..• ·- ...• ·-·- .•
Surplus ................... ·-··-·----·-···--··-·---······--·····-·-----·· $216,004,174.29
Reserve for self•insurance. ·----·· ··---·--·-···---·-··-·-·. ··-·--··-·
200,000.00

1, 283, 776, OM. 17

31, 742, lM. 'IV

6,861,423. 23
14, 666. 587. 10
47,901.89

8.660113
4,882, 895. 12

23,503.897. 91

11()(), 000, 000. 00

216,204,174.29

Total····························-···-·-·········-···········-·-················-· 2,059,682. 759. 63
IIBKORANDUII

Undlshursed authorizations and conditional agreements to make loans, purchase pre•
ferred stock,capital notes, and dehentures,etc. (including $1,545,297.82,agreed particl•
pat ion by third parties).····························•·······························-·
Undlsbursed aJlocations to other governmental agencies (including advances under 1003
relief act) '·····-········ ................................................ ······-···---•
Undlsbursed authorizations for advances for care and preservation ofcoJlateraJ.. __ ····-·

$8(6,488, 4.511. M
40, %l2, 886. 86
492,764.21

Total._._·-···-·-····-.·-·-·- ••••••••••••• ··-····-·· .•••.•.••••••• ···------·····
887,204, 107. 41
Loons under sec. 5 of the Reconstruction Finance Corporation Act, as amended, to aid in the reorganiza•
tion or liriuidation ol closed institutions, have been disbursed in the a~grcgate amount of $941,182,648.61.
After ~aking into consideration repayments and other reductions of $878,427,992.20 item. (1) of the.balance
sheet mcludes the balance ol $62,7-'>4,656.41.
• Under the provi 'ions of sec. 3 (a) ol an act approved June 16, 1934 (Public, No. 362, 73d Cong.)the Corpporatlon is required to purchase debentures or other ohliirations ol the Federal Deposit Insurance Corpora•
tion, upon its request, up to but not exceeding $250,000,000. Tbo Corporation has not been called upon to
purchnse any such obligations.
Under the provisions of sec. 4 of the National Housing Act the Corporation has disbursed $67,021,074.56
and is further authorized and directed to make available such funds as the Federal Housing Administrator
may deem necessary.
Under the provisions of Public, No. 5 or the Seventy.fifth Congress, approved Feb. 11, 1937, the Cor•
poration is required to purchase nonassessablc capital stock of the Disaster Loan Corporation, upon its
request, up to but not exceeding $20,000,000. 'rho Corporation bas purchased such stock to the extent of
$12,000,000.
Under the provisions of sec. 201 (e) ol the Emergency Relief and Construction Act of 1932, and sec. 33 (b)
of the Farm Credit Act of 1937, tbe Corporation is required to pay all expenses incurred by the regional
agricultural crerlit corporations. The Corporation has allocated $17,434,69\l.77 for such expenses. Of this
amount $16,712,802.69 has hean disbursed and $721,897.08 remains available for disbursement for expenses
incurred up to June 30, 1939.
Pursuant to sec. 84 of the Farm Credit Act of 1933, as amended, S:19,500,000 is held in a revolving fund of
which $37,000.000 is held by the Corporation and the balance ol $2,500,000 by the U.S. Treasury.
Under the provisions of an act approved Feb. 24, 1938 (Public, No. 432, 75th Cong.) the Secretary of
the Treasury has canceled the Corporation's notes in the amount of$2,699,203,945.83. This sum is equiva•
lent to the amounts disbursed by the Corporation as allocations to other governmental agencies and for relief,
by direction of Congress, administrative expense in connection therewith, and the interest paid on funds
borrowed for these purposes. AU evidences of indebtednes.s with respect to such advances have been
delivered to the Secretary of the Treasury.
I

'

'

This statament of condition does not take into consideration expenditures incurred but not paid by the
C'orporation at the close of business Dec. 31, 1938.

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