View original document

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

/)

i

gº ºn

-

-

* ... a . ....

ºf a

tº 4

Q U A R T E R L Y REPORT
OF

Reconstruction Finance

Corporation
TO

T HE CONGRESS
C O V E R I N G T H E CORPORATION'S OPERATIONS

F O R T H E P ERI ODS APRIL 1 T O J U N E 30, 1934
INCLUSIVE, A N D F E B R U A R Y 2, 1932, T O
J U N E 30, 1934, INCLUSIVE

43.

-

UNITED
GOVERNMENT

STATES

P R I N T I N G O F F IC E

W A S H I N G T O N : 1934

DEPOSITED BY T H E
UNITED STATES O F AMERICA

NOW 9

34

Q U A R T E R L Y R E P O R T O F T H E R E CO N ST RU C TI O N
FINANCE CORPORATION

Q U A R T E R E N D E D J U N E 30, 1934
REconstruction FINANCE CoRPoRATION,
Washington, September 8, 1934.

SIR: Pursuant to theprovisions ofsection 15 of the Reconstruction
Finance Corporation Act, the Corporation has the honor to submit
itsreport covering its operations for the second quarter of 1934, and
for the period from the organization of theCorporation on February
2, 1932, to June 30, 1934, inclusive.

During the second quarter of 1934, the Corporation authorized,

under section 5 of the Reconstruction Finance Corporation Act, as

amended, 864 loans. These loans, together with increases during
thequarterinloanspreviouslyauthorized,aggregated $346,140,901.98
as follows: $99,945,865.68 to banks and trust companies (including
$82,265,185.65 to aid in the reorganization or liquidation of banks

that are closed or in process of liquidation); $801,000 to building and
loan associations; $18,000 to insurance companies; $38,555,731,74 to
mortgageloancompanies; $1,966.80 to a creditunion; $193,618,000 to
Federal land banks (representingrefinancing ofloanspreviously made
by the Corporation to Federal land banks for different individual
amounts, but in the same aggregate amount); $50,000 to an agricul
tural credit corporation; $2,335,518.08 (rediscounts) to regional agri

cultural credit corporations;$60,000 to a livestock creditcorporation;
$8,254,252 to railroads; $567.68 to a processor or distributor who is

subject to processing taxes; and $2,500,000 to a State fund created
forthepurposeofinsuringtherepayment ofdepositsofpublicmoneys.
During the second quarter of 1934, under section 5d of the Recon
struction Finance Corporation Act, which authorizes the Corporation

tomake loans toindustrialorcommercial businesses,the Corporation
authorized five loans aggregating $924,500.
During the second quarter of 1934, the Corporation, under the
Emergency Reliefand &ºio , Act of 1932, as amended, author
ized loans as follows: Under section 201 (d), title II, 11 loans aggre
gating$1,485,000to aidinfinancingthecarryingandorderlymarketin
of agricultural commodities and livestock produced in the Unite
States. In addition, an accounting adjustment resultedin an increase
of $484.94 in connection with a self-liquidating loan previously
authorized under section 201 (a), title II.

During the second quarter of 1934, the Corporation, under section
304, title III, of the act approved March 9, 1933, as amended, made
1

2

REPORT

OF

T H E

RECONSTRUCTION

FINANCE

CORPORATION

1,132 authorizations, as follows: Loans secured by preferred stock of
banks and trust companies in the amount of$2,665,900;subscriptions
for preferred stock of banks and trust companies in the amount of
$95,625,120; and purchases of capital notes or debentures of banks
and trust companies in the amount of $16,745,000.

During thesecond quarterof 1934, under section 36, title II, ofthe
Emergency Farm Mortgage Act of1933,asamended, which authorizes
the Corporation to make loans to orfor thebenefitof drainage,levee,
irrigation, and similar districts, the Corporation authorized 90 loans

º :

$18,951,944.85.

uring the second quarter of 1934, under section 1 of the act
approved June 10, 1933, as amended, the Corporation authorized 2

loans aggregating $7,500,000 on the preferred stock of insurance
companies.

During thesecond quarterof1934,under theact approved April 13,
1934, which authorized the Corporation to make loans to finance the
acquisition of property declared unsafe, or the repair of property

damaged, by reason of flood, danger of flood, earthquake, conflagra
tion, tornado, or cyclone, in the year 1933 and in the months of
January and February 1934, the Corporation authorized one loan in
the amount of $600,000.

Summarizing the above, the Corporation,during the second quarter
of 1934, made 2,105 authorizations aggregating $490,638,851.77.
Cancelations or withdrawals during the second quarter of 1934, of
loans authorized during that quarter and prior thereto, aggregated
$64,351,256.55.
During the second quarter of 1934, the Corporation under the above
acts disbursed $443,197,867.06 and received repayments in the aggre
gate amount of $214,436,227.45. The increase in the amount out

standing on June 30, 1934, as compared with March 31, 1934, was
$228,761,639.61.
During the entire period from the organization of the Corporation
on February 2, 1932, to June 30, 1934, inclusive, the Corporation

authorized under section 5 of the Reconstruction Finance Corpora
tion Act, as amended, 17,062 separate loans to 8,849 institutions,
aggregating $3,727,350,192.13 as follows: $2,045,625,475.41 to 7,198

banks and trust companies (including $723,563,148,07 to aid in the

reorganization orliquidation of banks that are closed orin process of
liquidation); $122,474,119.14 to 1,007 building and loan associations
(including $1,335,000 to aid in the reorganization or liquidation of

building and loan associations that are closed or in process of liqui
dation); $102,188,867.51 to 130 insurance companies; $400,035,725.35

to 335 mortgage loan companies; $622,967.80 to 6 credit unions;
$399,636,000 to 12 Federal land banks (includes $193,618,000 repre
senting refinancing of loans previously made by the Corporation to
Federal land banks for different individual amounts, but in the same

aggregate amount); $21,103,172.68 to 24 joint-stock land banks;
$9,250,000 to 8 Federal intermediate credit banks; $5,713,379.64 to
20 agricultural credit corporations; $177,162,346.60 (rediscounts) to

12 regional agricultural credit corporations and their branches;

$14,424,402.85 to20livestock creditcorporations;$420,699,930 to69
railroads (including $19,690,960 to 10 railroad receivers and $744,252
to the trustee of a railroad); $26,089.27 to 7 processors or distributors

who are subject to processing taxes; and $8,387,715.88 to a State

R EP O RT OF T H E RE CON ST RUC TIO N

F INA NC E CORPORATION

3

fund created for the purpose of insuring the repayment of deposits
of public moneys.
Under section 5d of the Reconstruction Finance Corporation Act,

theCorporation from June 19, 1934, when this section was approved,
to June 30, 1934, inclusive, authorized 5 loans in the amount of
$924,500 to industrial or commercial businesses.

Under the Emergency Relief and Construction Act of 1932, as
amended, the Corporation from July 21, 1932, when the act was
approved, to June 30, 1934,inclusive, made 750 authorizations to314
institutions in the aggregate amount of $1,104,034,027.17 as follows:
Under theprovisionsofsection 1,titleI,$300,000,000was made avail
able to 42 States and 2 Territories for purposes of relief and work
relief; under the provisions of section 201 (a), title II, as amended,
loans or contractsaggregating $230,764,351.07 were authorized to 182

institutions for self-liquidating projects (including $10,450,000 to 6

institutions for financing the repair or reconstruction of buildings
damaged by earthquake, fire, tornado, or cyclone in 1933); under the
provisionsofsection201 (c), title II, loansaggregating $52,880,542.80
were authorized to 3 institutions for the purpose of financing sales in
foreign markets of agriculturalsurpluses; and under the provisions of
section 201 (d), title II, loans aggregating $520,389,133.30 were

authorized to 85 institutions to aid in financing the carrying and
orderlymarketingofagriculturalcommodities and livestock,produced
in the United States (including authorizations of$448,000,000 to the
Commodity Credit Corporation).

Under theactapprovedMarch 9,1933,asamended, theCorporation
fromMarch 9,1933,toJune30, 1934,inclusive,made 6,831 authoriza
tions to 6,622 institutions and individuals, involving 5,952 banks and
trustcompanies,asfollows: Loansin theamount of$29,234,000to868
institutions and individuals, secured by preferred stock of 198 banks
and trust companies; subscriptions forpreferred stock of 3,126 banks
and trust companies in the amount of $625,050,820; and purchases
of capital notes or debentures of2,628 banks and trust companies in
the amount of $393,373,800.

Under the Agricultural Adjustment Act of 1933, the Corporation
from May 12, 1933, when the act was approved, to June 30, 1934,
inclusive, authorized a loan of$3,500,000 to the Secretary of Agricul
ture to acquire cotton.

Under the act approved June 10,1933,as amended, theCorporation
from June 10, 1933, to June 30, 1934, inclusive, authorized 6 loansin
the amount of $19,375,000 secured by preferred stock of insurance
companies.
Under the Emergency Farm Mortgage Act of1933, asamended, the
Corporation from May 12,1933,when the act was approved, to June
30, 1934, inclusive, authorized 258 loans in the amount of $51,309,

387.77 to or for the benefit of drainage,levee,and irrigation districts.
Under the act approved April 13, 1934, theCorporation from April
13, to June 30, 1934, inclusive, authorized one loan in the amount of

$600,000 for financing the repair of property damaged by earthquake
or flood in 1933, or in January and February of 1934.
Summarizing the foregoing, the Corporation, during the entire
period from February 2, 1932, to June 30, 1934, inclusive, made

4

REPORT

OF

T H E

RECONSTRUCTION

FINANCE

CORPORATION

authorizations aggregating $5,954,751,727.07. Of the total amount
authorized, $488,718,273.02 was later withdrawn or canceled.
At the close of June 30, 1934, the Corporation under the above
acts had disbursed $4,401,065,614.06, and repayments amounted to

$1,517,466,849.36 leaving $2,883,598,764.70outstanding on the books
of the Corporaton.
In addition, the Corporation had outstanding on June 30, 1934,
-

agreements to make loans,subscribe for preferred stock, and purchase
capital notes or debentures, totaling $129,170,250.57, upon the per
formance of specified conditions.
Under section 84 of the Farm Credit Act of 1933, with the approval
of the Governor of the Farm Credit Administration, the Corporation,
during the second quarter of 1934, authorized the reduction of the
capital of five regional agricultural credit corporations, as follows:
The Regional Agricultura Credit Corporation of Albany, N.Y., from
$1,050,000 to$750,000; ofBaltimore, Md., from $250,000 to$200,000;
ofJackson, Miss., from $500,000 to $325,000; of Raleigh, N.C., from
$525,000 to $375,000; and of St. Louis, Mo., from $300,000 to
$100,000. The Corporation, with the approval of the Governor of
the Farm Credit Administration, during the second quarter of 1934,
authorized increases in the capital of three regional agricultural credit

corporations, as follows: The Regional Agricultural Credit Corpora
tion ofSioux City, Iowa, from $9,000,000 to $9,500,000; the Regional

Agricultural Credit Corporation ofSpokane, Wash, from $7,800,000
to $8,000,000; and the Regional Agricultural Credit Corporation of
Wichita, Kans., from $6,000,000 to $6,250,000.
In accordance with the provisionsof section 2 of the Reconstruction
Finance Corporation Act, as amended by section 6 (f) of the Federal
Home Loan Bank Act, and pursuant to the request of the Secretary
of the Treasury, the Corporation, during the second quarter of 1934,

paid $1,800,000 to the Secretary of the Treasury for the purpose of

making payments upon stock of Federal home loan banks subscribed
for by him. This made a total of $81,445,700 so paid through June
30, 1934.

Under section 4 (b) of the Home Owners' Loan Act of 1933, the
Corporation during the second quarter of 1934 paid $95,000,000 to
the Secretary of the Treasury for the purpose of making payments
upon stock of the Home Owners' Loan Corporation subscribed for

by him. This made a total of$154,000,000so paid through June 30,
1934.

Under section 2 (a) and section 6 of the Federal Emergency Relief
Act of 1933, upon certification of the Federal Emergency Relief
Administrator, the Corporation during the second quarter of 1934;

made payments for relief aggregating $6,426,351, making a total of
$493,112,904 so disbursed through June 30, 1934; . disbursed
$5,602.16 to the Federal Emergency ReliefAdministratorfor expenses
necessary to carry out the provisions of the above act, making a total
of $345,223.40 so disbursed through June 30, 1934.
During thesecond quarter of 1934,theCorporationsold$100,000,000

series D-3 notes, and $215,000,000 series D-4 notes, aggregatin
$315,000,000, to the Secretary of the Treasury; $2,000,000 series
notes and $6,000,000 series G notes to institutions from which the

Corporation purchased preferred stock, capital notes, or debentures.

REPORT

OF

T H E

RECONSTRUCTION

FINANCE

5

CORPORATION

As of June 30, 1934, there were outstanding $3,489,814,666.67 of
the corporation's notes, as follows:
-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

$475,000,000.00
--- 1,290,000, 000.00
675,000,000.00
815,000, 000.00
154, 721, 666.67
64,093, 000.00
16,000,000.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,489,814, 666.67

The following tables are attached hereto:
Table 1. Aggregate authorizations,disbursements, repayments, and
amounts outstanding, by classes, during the second quarter of 1934,

and from February 2, 1932, to June 30, 1934,inclusive.
Table 2. Number of new borrowers to which authorizations were

made, by States,during thesecond quarterof 1934.
Table 3. Number of authorizations, by States, during the second
quarter of 1934.

Table 4. Number of borrowers to which authorizationswere made,
by States, February 2, 1932, to June 30, 1934, inclusive.
Table 5. Number of authorizations, by States, February 2, 1932, to

June 30, 1934, inclusive.
Table 6. Amount of authorizations, withdrawals, or cancelations,
anddisbursements from February 2, 1932, toJune 30,1934,inclusive,
by States.
Table 7. Amount of authorizations, disbursements, repayments,

and amounts outstanding from February 2, 1932, to June 30, 1934,
inclusive, by months and classes.
Table 8. N um be r of borrowers and amounts of loans authorized

under section 5 of the Reconstruction Finance Corporation Act, as
amended, February 2, 1932, to June 30, 1934, inclusive, by size of
cities or towns.

Table 9. Names and compensation of directors, officers, and e m
ployeesof the Reconstruction Finance Corporation receiving from the
Corporation more than $400 per month, as of June 30, 1934.
Table 10. Statement of cash receipts and expenditures during the
second quarter, April 1, 1934, to June 30, 1934, inclusive. (Corpora
tion's accounts with Treasurer of United States.)

Table 11. Statement of cash receipts and expenditures during the
6 months January 1, 1934, to June 30, 1934, inclusive. (Corpora
tion's accounts with Treasurer of United States.)

Table 12. Statement of conditionof theCorporationasof the close
of businessJune 30, 1934.
Respectfully,
(Signed) JESSE H. Jones,
Chairman.

(Signed) GEORGE R. Cooks.EY,
Secretary.
The PRESIDENT of THE SENATE.
+

+:

>k

sk

:k

:k

The SPEAKER of THE House of REPRESENTATIVEs.

+

6
,
p
u
p
%
9
6
I
o
u
º
u
p
n
b
p
w
o
o
d
s
ø
q
u
u
m
p
º
s
a
s
s
o
q
o
f
i
q
‘
ð
u
p
u
o
q
s
i
n
o
s
q
u
n
o
w
o
p
u
o
“
s
q
u
a
w
f
i
ð
d
º
u
“
s
q
u
a
w
o
s
u
n
q
s
y
p
‘
s
u
o
q
d
z
d
o
q
q
n
o
º
o
b
o
u
ß
6
y
—
I
G
I
T
H
v
J
,
ø
n
s
º
n
1
9
ú
f
º
g
6
I
’
0
9
9
u
m
p
o
q
º
g
6
I
'
3
'
q
º
v
u
o
u

s
s
a
t
o

I

I
J
O

‘
0
8
º
t
I
n
t
#
8
6

º
B
I
J
O
#
8
6
1

‘
0
8
0
u
n
t
e

6
I

+
8
6
I
J
0
£

'
0
8
º
t
I
n
t
•

u
e
n
b
#
8
8
1

1
9

•

‘
0
8
0
u #
n
t
J 8
o
S 8
V
º
t
{
q
1
o
j
º
s
e
a
u
o
t
I
I
|
o
n
"
z
º
b
i
‘
a
‘
q
ø
.
I
u
º
q
u
e
n
b
p
u
o
o
º
s
!
o
n
"
z
º
b
i
º
z
.
"
q
ø
|
r
e
q
u
e
n
b
p
u
o
o
º
S
|
o
m
º
z
e
ß
I
‘
z
º
q
º
i
|
1
0
\
r
u
n
b
p
u
o
o
º
S
u
o
p
o
n
u
s
u
o
o
º
H
0
j
o
g

:
p
º
p
u
ð
u
r
e
s
e
º
q
o
y
u
o
p
e
l
o
r
o
o
º
o
u
t
t
a
e

9
!
'
9
0
'
/
0
6
'
8
6
9
$
|
1
6
'
8
0
Z
"
/
9
Z
"
Z
g
+
1
6
O
"
I
6
9
'
8
9
9
“
1
0
0
'
I
9
ý
‘
g
8
8
‘
I
Z
9
'
g
'
I
|
g
8
·
1
1
6
'
0
1
.
g
.
‘
9
0
9
"
I
s
I
g
G
9
I
"
#
g
º
'
$
1
$
I
I
ý
º
g
º
º
g
º
º
º
g
o
'
z
&
t
1
8
9
º
g
9
8
º
g
ý
6
'
6
6
$
z
l

-º
u
uo
~
p
~
o
n
~
~
op~
uu~
e
!
~
'
~
)
s~
su~
~
ø
~
qº~
u
~
e
e
~
d
~
u
~
tu~
o
u~
~
o
p
~
p
~
s
~
nn~
b
i
I~
n
I
~
(
pss
u
uu
o
bº
q
aa
b
sø
e
t0
øu
º
r
ers
g

…

-

-

-

p

n

o

u

)

s
u
o
e
p
o
o
s
s
e
u
b
o
l
p
u
t
º
u
p
u
n
g

19

£
8 ! ##
I8
¡
"
I $ 1*
$
g
0
g
$
¿ '€
$
"
I$
&
º$ &
$$
"
O$
1 {#
{
!

|
I
g 13
l| º
'9 !
Z
!
!
O!
ý
? !0
'!
&
g}
$? )
1
? \
'
!
#!
º,
I
»- 1
||1
g0 9
8.
’:
9 Z"
80
Z
º
E
Zi 3 g
“
' g I
6
º6 f
/
6g ! I
'
:? Z
!
g
’
1l þ 6
6
0º ý
z 1
8º y
8
g 9
6g
: '
'
:0
1
I
I9 9
8 1
º8
2% 9
g
!
1
I
|
|z z
gg
9
' o º
&g º
89 p
º g
' g
º
0 º '
&3 g
º
#8 g 0
'8 º 8
+: z g
I6
0
I8
8
80
z 9'
90
8
º
9 9
g' 8
8
02 6
g
8“
"0 1
I8 6
'I
º' 8
0
ºg %
#' 8
1
'1 | :
69 $
21
I ·$
1
I9 3 9
' $6
“8
f
2
a"
e
8 0
' Z'
'8 0
Z1 0
Z" Z
Z 9
IO
oI

p
i
º
uu
o
s
o

o
o
º
o
o
o
º
g
i
g
º
g
g
i
|
|
|
0
0
'
0
0
0
'
8
1
9
'
8
6
1
0
0
'
0
0
0
'
9
9
9
'
6
6
8
•
1
0
0
'
0
0
0
'
8
1
9
'
8
6
I
I
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
s
q
u
e

e
u
a
p
º

uq
uv
uo
t
p
o
oy
ð
u eu
øn
e

o
º9
ºQ l
0
oQ 8
19
oQ
9
o8
:
t| 3 9
o| 9
g 98
’
8
I8|
I
I
I
s
I
Iø
I
I
I
I
I
I I
I
tI
I
I
rI
I
IeI
I
I
I
I
I
ItI
I
I
I
I
uI
s
øoI
q
u
o]
e
d s
I
(
s
u
ð
A
o
ø
a
u

f
f
u
q

a
ð
u
b
n
s
I

1]
8
’
8|
8T
9
l
0
8]
:]
'
6I
L
IT
T
'
60
'
I
º0
'
I:
S
‘
I0
»0

6
'
6
#
8
'
0
0
8
1
9
·
1
0
8
°
8
8
8
;
0
8
'
0
8
1
'
0
9
#
'
;
1
9
·
1
0
8
'
8
8
8
!
'
0
8
1
'
1
9
'
'
g
'
0
0
'
0
0
0
'
#
9
’
6
1
€
'
E
L
L
‘

9
0
1 6
'
' 8
1
9
8
9
1
' 0
‘
8
1
6
1 1
.
‘ "
L
I
0
1 Z
8
0
·
1 1
9
' 1
'
'
9
1 6
8
8
w
"
#
I
I
;
1 l
1
9
' "
Z
i
$ g
1
' '
g
1 O
'
Z
' O
£
'
9
I
I
I
1
I 8
Z
I :
" 1
G
8 1
I
.
' g
º
Z
9
9
Z
' 1
9
1
9
|
1 9
.
1
'
6
I
g
"
#
1
6
'
O
L
I
#
0
’
8
I
£
'
0
8
8
"
I
0
9
'
9
#
€
'
Z
9
1
'

q
e
u u v |
- p
i o- u
- u
e
o rs
- u
q oo
o- a
- ø
u ns
0
t ø
o po
n
ø
i
u
o o
u
to y
e
p
o n
u i
no
n
p
ø
i
º n
u
r
]
op )
o
ø
t ur
e ºn
r b s
p
m
u
i eo
oo
n un
o osl
õi
3Å
u 3
e
?
y i
q
i
p
a
u
o
º
n
e
p
o
t
u
j
º
n
u
t
e
r
a
p
a
I

g
6
s
~ u s
s o u
o

I0
g
'
º
'0
6
0
0g
'
6
z
8
8
º '
g 6
1
1
: |
6 1 8 ‘ Z
I
8
‘
I
1
9 0
0
0
' '
8
0
# 0
g
0
‘ '
9
6 0
1
º
g '
I
6
- - - 0
- 0
'
g
0
o 0
0
z
i '
t 0
g
o
t
º'
t
z
|
|
s
q
u
'
e
q
p
u
t
r
i
x
o
o
q
s
u
p
o
r

'
8
.
1
.
1
'
E
º
'
,
'
Z
i
:
1
9
"
O
º
'
8
9
g
8
z
o
º
a
‘
t
O
o
º
o
o
o
º
o
9

|
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
(
s
ø
ø
n
s
n
i
n

{
0
0
'
Z
º
z
º
f
º
g
‘
8

1
0
0
'
0
8
6
"
6
6
9
'
O
Z
#

I
g
g
z
.
Z
º
º
g
g
z
'
6

|
#
0
.
*
£
8
º
g
º
‘
I
I

|
g
9
'
&
#
6
'
1
ç
O
'
I

1
6
9
'
9
'
'
I
º
'
'
&
g

1
0
6
°
6
'
1
8
"
8
0
‘
8

g
£
'
L
º
g
'
#
8
8
º
g
8

REPORT OF T H E RECONSTRUCTION

º
u
p
u
e

s
q
n
o
p
p
e

9
8
1
p
º
s
u
n
q
s

G
I
|
i
p
o

z

u

o
q

q

n
y

r
o
º
s
u
o
p
u
n
s
u
b
o
t

q
n
s
ø
r
e
o
q
w
a
s
u
o
q
n
q
u
s
p
u
o
s
u
o
s
s
ø
o
o
l
a

£
8
'
I
L
I
'
9
'
'
£
1
0
,
"
Z
6
0
'
9
8
9
•
g
g
'
8
8
.
g
.
"
I
I
6
º
f
f
0
1
.
"
Z
6
0
'
9
8
1
º
g
1
8
8
º
g
I
Z
"
1
8
8
'
8
0
0
’
0
0
0
’
0
0
g
"
Z
1
8
8
º
g
I
L
'
1
8
8
'
8
o
o
º
o
o
o
º
o
o
g
º
z
I
S
K
ø
t
I
o
u
i
o
p
o
q
n
d

us
oe
‘
h
o
y
u
o
p
u
u
o
d
u
o
o
T
º
j
u
e
u
o
n
u
q
s
u
o
o
9
8
I
º
u
?
J
o
g
r
o
º
s
‘
t
e
0
J
,

-

º
º
h
o
y
u
o
p
e
l
o
u
o
o
a
o
u
g
u

g

0

0

:

0

0

6

Z

#

"

g

0

0

'

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9
.
"
O
f
f
0
'
1
6
1
'
9
&
#
‘
I
I
I
9

-

-

8
6
'
#
'

I
t
I
o
o
n
i
n
s
u
o
o
º
H
ø
q

-

l
º
'
0
9
.
1
"
#
#
'
9
#
"
I
|
9
9
’
6
0
'
9
9
8
‘
8
6
1
|
8
1
“
1
0
4
º
g
º
6
‘
8
0
6
?
,
1
9
0
±
0
'
1
8
8
'
0
8
1
|
E
I
‘
Z
6
1
'
0
9
8
'
'
£
1
8
6
"
1
0
6
"
O
I
'
9
8
|
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
p
º
p
u
º
t
m
e

j
o
p
º
r
o
º
s
,
J
e
p
u
n

'
Z
9
y

s
ø
s
s
ø
t
I
s
n
q
e
o
u
º
u
u
u
u
o
o
u
o
t
e
i
s
n
p
u
,
o
g
s
u
p
o
r
t

J
ø
ø
y
K
o
t
r
º
r
o
t
m
º
e
q
n
r
a
p
u
n
s
u
o
e
z
o
q
u
n
y

:
p
º
p
u
ø
u
r
e
s
e
“
z
º
g
i
J
o
n
o
v
u
o
p
m
o
n
u
m
s
t
r
o
o
p
u
e

* s
(
u
b
u
)
o
up
1b
i
0
un
zg
”
q
J
pJ
oo
a
sju
so
“u
s
qbw
o
ø
u
à
n
ous
u
u
po
n
0
ºoa
tuu
r
i
n)j
o
á
Iu
p
I
î
q
ñn
ød
e
b
i
o
o1u
g

I
Z
L

1
9
9
·
1
1
9
"
G
I
S
"
Z
I

#
Z
"
8
9
8
"
8
0
0
'
8
6
L
º
º
g
g
‘
9
6
8
'

8
g
'
9
8
8
“
1
8
6
'
E
.
I
.

1
8
8
'
8
6
9
º

·

-

|

-

-

-

-

-

-

-

-

-

-

-

-

-

1

-

-

-

-

-

i
n
s
I
q
u
i
n
|
|
m
õ
j
u
f
fø
e
f
J'
o
(
$o
)
1
1
1
0
0z
d
x
r
ø
o
º
§s
u
'
s
ø
os
u
n
t
u

-

-

-

-

T

-

-

-

-

-

-

|
-

!

-

…

-

1
0
8
z
º
g
'
0
8
8
'
Z
º

'
8
8
6
'
g
6
g
"
#
1
e
º
g
&
6
'
9
2
0
'
:

1
8
8
·
1
9
'
I
'
8
#
9
8
8
"
B
a
e
'
0
8
1
I

9
1
"
L
E
I
"
W
I
9
6
'
6
€
Z
'
L
O
O
"
L
8
z
º
º
g
g
s
'
z
g
º
g
i
u
o
"
I
g
º
'
#
9
2
'
o
º
z
|
#
6
'
#
8
;
1

|

‘ ~-o
~
p
º
u ~~~
l
~
o
~
)
º ~~
u
g ~~~
‘
o
x ~~~
{
e
~
n
t ~*
ì
(
i 688
a1
Åu
q
ø
p ou
º
t
e &o
m
p
p oJ

F IN AN CE CORPORATION
8
8
"
Z
Z
I
.
'
8
0
0
‘
S
Z
#
'
;
}
0
0
'
8
&
#
º
g
0
0
'
8
Z
º
'
g
g
o
g
i
t

|
!
Z
'
6
8
0
'
9
4
g
g
t
i
g
g

|
s
a
x
º
n

º
t
i
s
s
a
o
o
r
d
o
n
h
o
o
f

j
Jo
o
ºs
s
o
s
uo
n
d
ø
p
ø
J
)o
.
Jn
o
u
jº
pu
º
tK
e
a
d
a
ou
s
p
u
u
n
i
jn
s
øu
q
r
e
n!
s

of
s
p
f
S
u
r
b
a
t
e
s
c
f
o
r
n
e
i
p
r
k
c
t
r
i
e
o
s
k
n
d
sd
or
n
c
of
Pe
u
a
b
o
r
p
e
c
n
t
i
h
t
a
u
e
s
r
a
e
s
l
t
of
I
3
u
An
t
i
I
0
d
h
o
h
e
r
t
i
I
4
z
s
a
l
e
t
,
i
c
o
e
n
.
s a
b
of
s
p
on
Lr
a
t
o
en
f
o
a
er
k
c
n
d
re
s
k
d b
T
E
R
a
Cm
o
et
r
l
n
og
a
i
el
n
e
dc
,
f
y
A
of
s
1
as
a
12
1
4
5
6
m
1,
7
t
0
2
3
,
4
8
,
r
9
e
5
8
9
n
c
u
1
,
2
5
6
2
5
3
d
0
7
c
,
9
,
6
8
e
4
0
.
t
2
2
5
d
8
3
,
7
t
i
4
0
|
2
1
3
1
2
.
,
6
o
9
2
,
0
.
n
4
7
1
|
6
8
.
3
.
7
5
c
t
a
b
of
7
3
1
o
2
5
4
9
6
m
,
3
p
5
0
2
r
a
1
,
4
7
n
9
5
3
2
0
i
7
e
4
,
3
u
n
8
.
2
s
5
,
0
6
8
3
s
k
0
d
5
.
,
0
t
s
)
,
0
.
-

c
a
of
Fo
g
i
m
r
n
i
m
c
a
o
u
d
n
l
i
t
cu
i
r
n
e
a
g
s
lf
a
r
Av
m
m
e
a
o
i
l
n
u
l
d
i
a
nb
r
e
d
t
l
f
e
s

to

c
t
a
o
92
1
4
2
5
6
9
m
p
a
0
1
5
i
n
r
3
2
e
8
,
s
9
5
1
4
0
n
,
u
8
3
0
2
6
7
8
.
9
,
0
1
2
s
d
0
1
.
5
,
9
t
1
.
0
2
,
.
0
5

a
as
1
9,
Mm
p
9
e
a
p
c
n
3
rd
r
o
3
e
v
t
d
.
e
,
:
d

1
5
2
c
t
5,
9
6
7
o
,
p
m
1
3
a
6
n
,
7
2
5
i
r
3
4
s
e
6
,
5
8
9
4
u
2
6
0
,
8
.
9
0
5
s
7
0
.
2
8
,
9
3
6
t
.
0
9
7
,
1
0
3
|

1
5
*
30
°
3
4
2
t
(
I
s
l
a
,
2
8
7
0
4
I
i
6
9
,
v
d
e
3
8
6
0
,
1
n
5
7
3
8
6
2
9
t
s
,
0
)
c
t
6
5
0
,
8
l
o
9
.
4
2
,
1
d
0
6
c
8
7
.
e
k
1
5
'
3
.
6
,
0
3
2
.
4
7
0
3
,
8
.
)
6
2

w
r
s
t
1,
I
.
3
2
9
0
4
*
6
e
,
1
3
0
9
i
o
e
,
l
0
9
1
3
6
8
t
.
,
i
0
6
4
3
2
r
c
|
9
.
e
1
0
l
2
5
8
0
.
6
k
e
4
0
,
0
,
.

i

ap
a
s
I
t
3
of
To
i
e
I
0
c
h
tI
c
4
al
e
t
.
,
e
2
00
1
a
as
9,
M
p
,
m
3
0
5
e
r
,
9
4
n
a
7
0
d
o
2
3
,
e
5
6
d
,
r
v
5
.
0
8
3
7
2
e
0
,
.
6
d
2
0
5
|
8
6
9
2
1
4
1
7
6
5
0
4
6
2
6
9
8
,
7
|
9
5
1
8
6
4
,
7
9
1
5
.

t
A
of
1,
s
5,
Y
u
gr
i
n
e
o
c
h
u
t
dl
c
a
t
e
u
r
.
n
e
a
l

a
as
1
u
5
7,
m
e
1
,
9
0
n
7
8
d
5
e
0
8
3
.
,
n
7
0
1
3
5
,
0
3
0
|
,
e
.
,
0
0
-

º

º

f
d
b
t
in
s
a
i
l
F
to
p
m
by
C
of
r
u
$
6g
i
n
r
o
e
1
m
f
p
9
g
a
d
e
o
r
3
p
i
v
o
f
u
h
r
n
e
,
i
a
s
6
e
r
m
i
n
o
d
1
r
g
a
k
d
n
u
8
t
c
r
e
a
,
u
s
d
i
0
n
t
s
a
o
l
0
t
e
y
n
g

*
d
R
C
s
r
p
f
i
a
l
in
of
m
by
F
to
b
t
e
o
i
r
n
g
m
p
f
e
d
o
a
g
i
r
v
d
o
f
h
u
n
e
a
i
v
u
r
s
m
o
d
n
i
g
a
r
e
n
k
u
d
t
a
c
r
s
t
i
e
d
s
n
l
a
o
.
,
s
t
g
y
n
l
e

i
1
3
J
to
2,
F
f
p
t
d
a
n
e
u
4
c
9
r
l
0
h
8
u
3
n
s
n
b
o
i
.i
4
2
,
o
e
n
0
v
.
m
e
,
d
g
7
º
.;

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

1
of
q
s
t
d
a
l
to
as
w
1,
A
p
Tu
*
m
e
9
t
o
r
p
h
a
h
c
r
3
o
a
i
p
e
r
u
o
i
l
4
t
n
s
e
z
t
l
.
e
s
,
r
y
d
g

s
a
f
p
on
c
$
l
i
t
b
of
d
or
o
n
u
8
r
1
e
t
b
5
o
a
m
e
r
s
0
,
c
p
o
n
f
0
u
r
a
2
e
u
i
n
,
t
c
6
p
f
r
u
0
a
,
n
t
i
s
k
e
d
r
0
4
e
y
a
5
o
0
c
s
,
t
n
d
;
e
l
.
,
s

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

a
as
1
of
m
e
1
2,
4
5
n
7
d
,
8
e
1
9
6
3
1
0
5
6
3
,
9
1
4
,
3
1
.
9
3
8
4
7
2
.
9
,
3
2
7
1
8
7
.
3
5

t
s
3
u
d
i
ai
r
n
s
e
i
6
t
n
d
g
r
c
a
i
l
e
t
,
c
d
i
.
e
r
t
o
s
n
F
M
A
Im
t
of
E
o
e
a
r
c
I
h
t
g
r
e
a
t
,
e
n
ce
m
g
y
s
o
1
t
a
up
n
ec
p
h
r
d
io
ce
f
v
t
.
e
r
s
d l
f
or
to
t
b
d
of
Lr
e
o
a
n
o
h
v
i
e
a
na
f
n
r
e
g
i
s
,
t
i
of
c
p
on
s
Ln
r
t
o
s
eo
u
f
a
r
ea
r
c
n
m
rc
k
e
se
d

1
of
A
3
9
,
0
5
d
,
j
.
0
1
u
.
c
0
s
|
t
|
m
t
en
t
-

e
cr
e
as
e
.

r
w
d
$
a
of
C
t
to
*
3
2
o
4
u
i
I
e
t
5
h
r
4
,
s
m
n
p
8
2
o
a
b
n
7
h
m
e
,
c
1
r
i
a
3
u
o
0
l
2
,
d
z
r
u
i
4
t
0
a
1
c
8
s
6
d
i
e
,
9
o
0
.
e
h
t
n
6
d
y
s
2
9
,
0

#.
i
d
to
an
a
in
l
1
p
7c
d
r
u
n
t
c
j
e
o
u
v
h
r
o
u
s
i
r
e
n
t
a
o
i
m
u
a
z
e
i
s
n
l
d
e
g
t
y
.

aulount.

~I

OO

a
1
of
q
s
t
d
c
by
o
r
T
u
e
i
–
l
m
s
t
u
9
p
h
A
b
a
s
o
g
u
r
n
c
h
t
s
y
g
3
i
B
r
a
u
m
z
o
i
s
n
e
a
t
d
m
4
L
e
n
g
i
t
a
s
n
o
,
E
t
r
d
g
s
,
e

i
J
3
1
to
f
F
2,
n
c
l
u
9
s
r
e
i
0
v
3
e
—
n
o
b
C
4
2
n
,
t
i
e
m
.
n
,
u
e
d

O
R
D
A
u
i
t
e
s
h
b
t
p
o
u
a
rn
i
s
d
z
i
e
n
dg

1
3
of
J
qu
9
9
a
0
3
r
3
nt
4
,
e
4r

S
q
F
1
2,
to
|
I
f
t
J
of
As
3n
u
e
9
c
u
a
o
h
0
r
3o
b
e
n
t
2
a
n
r
e
,
.
s
,
d
r
e

Class

of
L
f
r
or
e
i
c
o
ns
o
a
p
t
n
r
a
u
ci
r
t
n
i
r
o
g
n in
a
J
in
F
of
1e
a
9
b
n
r
u
3a
3
d
r
,
y
t
c
f
or
ay
o
g
l
r
c
a
o
n
l
t
a
o
i
d
n
o
e
n
d
,
c
r
d
e
by
a
o
r
p
m
t
o
h
e
a
q
u
r
g
a
n
t
e
k
e
y
d
,

,
0
6
t
a
A
1
u
.
p
|
0
9
n
,
p
|
h
c
3
0
r
d
o
r
0
|
4
e
.
v
t
,
|
0
e
.
r
,
d

7
70
2
1
4
*
,
9
8
0
G
t
5
4
6
o
7
3
a
1
,
8
.
l
5
r
6
7
4
0
,
3
|
4
1
9
6
5
0
a
.
,
4
1
2
|
,
0
7
5
n
8
4
7
6
2
5
.
3
9
,
0
d
4
6
|
7
5
1
9
3
.
8
0
4
6
|
,

lºgº

$
c
t
a
b
of
d
or
n
p
s
f
1
u
7
o
e
r
3
a
4
,
b
m
r
o
t
e
1
s
4
p
0
e
c
n
3
f
o
a
u
t
5
r
i
4
h
,
e
n
t
9
p
,
a
r
3
i
s
k
u
e
c
5
t
d
4
r
9
e
a
i
0
.
o
5
s
t
e
7
k
l
n
,
5
d
;
s
$
a
c
r
l
4
g
o
5
1
e
i
a
,
r
5
p
0
v
8
i
2
g
3
o
1
l
c
e
,
7
r
i
4
2
u
,
a
s
5
d
4
7
l
o
3
t
8
9
a
6
i
n
1
4
u
.
o
d
r
3
a
4
n
c
2
t
s
6
a
7
1
l
k
,
;

1
d
so
J
3
t
$
of
a
m
p
o
n
ci
to
r
e
h
a
9
4
o
b
s
c
u
5
r
v
0
b
k
h
e
,
3
t
o
i
r
u
s
2
n
i
t
r
s
u
4
a
v
i
,
3
s
n
e
t
o
.
g
e
,
r
l
n
y
4
g
h
0
d
s
y

of
s
$
a
e
p
to
w
t
d
or
3
g
1
i
u
r
l
0
x
8
f
1
a
s
n
,
r
o
i
t
0
p
4
b
l
c
x
a
7
8
j
1
h
r
4
i
e
u
o
q
n
.
,
8
l
s
e
b
0
7
c
r
i
9
s
t
u
d
.
i
8
1
o
e
a
.
t
9
c
n
r
s
o
0
5
i
a
,
7
s
n
t
g
l
;
t
a
b
of
s
p
on
l
$
c
f
e
2
r
i
o
g
7
u
6
,
x
m
r
a
t
e
o
6
v
n
5
i
0
m
,
p
e
n
f
4
o
c
a
1
j
u
s
l
,
e
d
n
9
8
t
l
u
r
9
i
c
5
s
k
n
o
t
.
d
r
u
i
6
c
e
t
0
2
n
s
t
k
e
5
4
a
d
,
g
;
s
lf
s
t
d
C
1
of
A
E
F
R
u
by
I
*
a
c
o
e
m
d
u
r
e
9
n
i
t
d
p
a
c
h
r
l
i
o
3
d
f
r
e
s
g
i
t
o
n
c
t
a
r
e
i
3
n
e
t
o
a
i
c
n
,
r
o
d
g
f
l
e
E
A
a
$
F
R
t
to
1
so
J
3
of
m
r
n
y
,
d
4
6
i
m
5
x
e
h
9
a
o
,
i
s
u
3
p
n
d
r
l
4
o
b
6
h
0
,
k
i
3
1
t
2
e
u
g
0
o
s
i
n
1
6
t
r
e
2
4
u
a
,
r
d
e
s
n
.
a
3
g
f
t
e
c
1
9
;
l
5
o
f
0
g
e
d
y
6
h
,
r
4
1
b
of
s
p
f
$
c
t
a
on
l
m
B
5
u
o
1
r
9
b
,
a
t
m
o
e
s
4
5
0
r
c
p
6
f
o
n
,
0
t
7
r
a
u
e
i
0
n
a
g
8
p
r
,
6
k
c
i
s
n
t
0
a
r
d
i
e
0
.
o
n
g
s
k
e
t
7
0
n
;
2
d
,
s
t
s
w
a
p
to
d
or
c
l
r
e
i
1
o
g
l
r
3
u
,
f
a
o
s
2
p
v
7
t
6
i
g
,
c
b
o
3
l
x
h
r
e
i
7
4
u
q
3
j
s
,
a
u
e
b
1
d
7
l
o
i
t
0
s
6
d
n
o
e
t
.
i
u
a
0
c
1
r
n
8
i
,
;
r
t
4
s
6
a
n
g
k
l
p
d
i
a
q
1
as
l
f
of
to
h
n
b
S
r
$
u
r
e
3
p
t
u
e
9
o
b
h
5
a
d
r
p
c
o
h
5
s
r
u
i
3
a
e
l
,
i
r
m
o
z
v
c
d
s
0
4
n
t
w
a
u
i
r
e
0
z
o
n
c
y
e
m
0
h
,
s
g
d
r
h
.
n
b
T
q
1
t
s
of
w
l
a
to
A
1,
$
m
p
in
O
e
u
i
4
e
m
n
9
a
r
s
h
o
p
0
c
a
s
r
n
7
t
3
i
r
a
e
i
o
t
,
d
u
s
4
a
k
e
0
s
t
n
r
m
i
e
n
s
.
0
,
r
o
d
g
t
0
.
n§§
a
B
f
as
$
6
1
3
J
to
2,
F
f
a
of
q
s
t
d
c
or
W
*
o
4
u
a
,
i
t
l
e
u
n
3
9
h
5
l
u
e
r
o
c
n
1
a
0
h
d
,
3
i
o
r
l
2
z
k
5
w
n
b
o
3
i
a
d
6
t
.
4
2
s
w
5
,
i
n
e
:
a
.
m
o
4
,
n
l
d
g
s
r
,$
l
b
a
$
c
t
f
as
B
or
w
s
I
*
2
u
5
o
g
a
i
8
m
r
t
n
b
,
h
o
i
l
r
s
7
e
p
c
n
l
h
a
u
e
1
r
§
q
i
g
a
d
,
n
o
u
r
z
9
i
l
2
e
a
s
k
w
d
c
t
5
e
a
.
n
i
s
d
w
1
t
h
o
n
g
6
l
,
:
;
s
y
a
$
i
c
m
l
u
F
b
j
s
7
o
1
2
4
n
i
,
r
e
a
5
m
2
o
s
1
8
i
,
d
t
c
u
p
4
5
e
n
i
a
6
t
8
s
,
r
o
0
1
9
n
g
a
d
k
t
0
3
o
6
i
5
r
,
c
a
.
3
n
4
7
s
0
k
o
e
.
g
5
d
l
n
3
c
s
0
9
a
7
6
5
t
,
l
e
;
d f
c
a
t
b
of
f
p
s
$
on
l
u
6
o
r
3
i
g
1
b
m
r
a
t
,
o
v
e
s
7
5
i
p
n
o
f
c
0
2
u
a
r
6
s
e
i
3
,
d
l
n
t
r
p
,
8
i
s
k
c
t
n
o
3
d
r
u
e
i
c
of
b
t
f
or
to
$
S
l
A
a
p
n
9
.
o
g
1
3
s
k
5
6
e
r
2
u
n
a
3
,
d
;
l
s
o
m
r
b
a
0
c
i
n
p
7
e
i
h
o
0
r
c
1
8
a
u
2
n
t
9
e
,
h
i
l
a
n
4
t
1
f
0
,
n
s
i
k
e
u
3
g
r
0
a
5
d
8
i
e
n
.
0
r
s
t
e
l
8
,
;
y
sq
d
i
a
l
of
b
t
f
or
to
$
c
n
p
i
r
o
e
3
u
8
a
s
r
o
m
b
4
n
p
t
i
e
v
h
o
6
c
2
r
g
a
u
n
t
e
,
i
h
a
n
t
5
f
c
t
n
i
s
k
u
e
d
g
r
0
t
i
e
a
0
s
o
t
e
,
l
n
;
s
as
q
1
t
s
of
w
r
d
A
1,
m
to
p
$
a
i
b
l
or
u
e
6
i
r
o
t
u
8
9
s
r
h
a
e
p
4
l
o
t
i
n
h
c
r
,
v
3
i
8
g
a
l
r
n
e
o
i
d
z
2
a
n
4
t
6
c
f
e
n
d
.
r
g
i
t
w
1
e
.
o
,
r
s
d
g
n
0
t
s
.
,

$
b
j
c
l
m
i
a
t
1
o
3
s
2
i
n
u
9
,
a
5
s
m
r
6
9
o
t
2
i
0
7
p
8
n
,
u
c
9
4
2
t
i
l
,
s
a
0
3
r
5
t
3
k
6
n
a
g
9
d
o
,
8
0
2
c
i
a
7
s
4
k
.
n
d
1
e
o
l
g
4
0
6
c
n
a
s
2
t
,
9
5
n
7
e
g
0
;
s
d
,

q
f
t
s
i
it
as
d
p
a
1
of
l
to
r
in
u
r
e
n
p
t
u
9
b
h
e
s
a
o
c
p
h
r
s
l
3
o
i
e
t
m
a
z
u
d
i
n
4
v
w
e
u
t
r
n
i
d
c
e
,
n
o
d
g
.
h
r
s

a
i
d
l
$
7
r
i
e
4
r
s
9
i
t
n
v
,
g
3
r
a
1
e5
i
t
c
d
.
e
i
t
3
o
s
1
,
n
.

1
of
i
q
s
t
d
S
by
w
m
a
to
b
n
2
T
u
o
.
t
e
u
a
h
r
9
a
o
c
h
r
e
N
d
i
t
o
u
3
i
r
z
t
e
a
w
m
c
n
e
w
b
r
s
i
4
o
r
e
,
h
d
g
.
n
s
r

U
t
ap
M
n
a
p
h
c
d
rr
oe
v
t.
e
r
d
1
9,
am
as
9
e3
n3
de
,
d

U
S
o
5
t
R
F
e
c
i
n
o
c
h
s
d
t
a
f
r
i
u
n
e
c
t
o
r
i
n
o
e

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

1933,
in

1
of
934

ort
unsafe,
rep
hai
er
of
eason
February
quisiti
on
by
aged,r
danger
oloo
f
fd, quake,conflagration,
propd
of
er
atm
y
of
ropdec
ertylared
andJanuary
tornado,or
ac
the p
lone, in
flood,
earth
cyc
and

1933,
Surance p
Undertahcet roved as
anies
on
ref
amend Loansp
erredstockin
of con
u0
n,
e
ap 1
ed—

ed—

of
t
uresbanks
anies
trust p
and corn

1933,
amend
§§as
ed

Total,ap
act

de
or

chases capitalnotes

Pur

bt
S
|
of
ao
nc
kk
s

mercial nesses
busi

or conn

dustr
ial

pi
on
t
roe
nsp
fer
ore
rdf
se
of
tr
o
rc
ek
d baankdsatrnusdttrcouisnt- panies
SubL
Sc
|
or
ai
np
s
pao
c
nim
es

tionnance
Fi
Cor poration

Reconstruc

the

1933,
Under Ennergency Mort gageof
tios
ntricts
Actas
and d
amend Drain laveeir
riga
age,
the

UnderSection5d
of

ed

Fi
tion C
orpor as
Act
Total,Section5,
Re Collstruc nance ation amend

ubject proces
wr
a
he
os
ors
Processor
distributors
singtaxes
to

corn

p
as
an
oc
ia
es
|

nies
Mortge oan coinpa

Insur ance

Sa
B
tn
ak
ts
e trust p
anies
tot
al
nd coin

Grand

17

T
1
n
of
b
r
t
i
a
to
w
l
h
s
u
o
e
n
u
p
d
s
h
t
a
r
i
e
l
c
b
h
m
r
n
v
o
l
s
e
t
i
a
b
r
b
s
u
v
e
i
c
w
d
t
n
l
u
z
r
e
w
d
i
n
a
o
s
r
t
l
h
d
e
n
s
p
;

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

co

r
a
in
f
p
q
l
of
u
t
se
u
r
o
n
c
a
h
p
o
i
a
d
t
r
o
a
i
t
o
n
e
r
e
n
t
r
s
.

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

A
*
l
to
mc
of
o
o
fc
a
f
o
a
i
r
t
i
c
d
i
en
o
sg
n
.

5

1
of
q
s
t
d
S
by
m
w
a
to
b
n
2
T
9
u
o
.
3
t
e
a
h
A
4
r
—
a
o
c
h
r
e
N
C
d
i
B
o
r
t
u
n
i
z
t
e
a
w
m
c
L
i
n
e
w
b
s
u
o
r
e
,
h
E
d
g
n
s
r

ection5d
Unders
of

title
II

ance

to

S
paº
ni,
es sing

ed

s
ru
c
o
ºn
ba
j
o
e
d
c
m
s
t. ppar
;awRarhnilel
d-2
o
n
no
ic
ee
ss taxes

1933,
in

1934
of

u
ort
nsafe,rep
hai
er
February
of
eason
by
aged,r
danger
oloo
f
fd, quake,
tornado, clone, in
andJanuary
of
p
ropd
er
atmy
onflagration,
flood,
earth c
cy
or
and

surance
1933,
panies
proved as
anspon
ref
amend Lo
erredstock
in
of
corn
1
Ju
0n,
e
ed—

ap

p
ca
t
r
o
n
ui
m
s
e
t
s panies
p
can
oim
es

|
b
1
of
at
au
9
n
3
r
k
3
d,
e
sl
f
of
p
d
or
sr
e
to
rv
e
rc
ek
d as
a
b
ta
r
n
m
u
e
s
k
d
n
t
s
d
c
|
p
º
on
a
T
t
r
p
o
ii
t
o
e
t
a
n
a
l
s
l
,
a
|
ap
fe
p
n
o
rc
r
o
te
re
t
r
s
d
M
9,
b
of
se
t
an
ort
c
k.
k
s
a
t
cr
ed
o
n
u
n
s
d
t

-

sors
Procesor

Fi
tion Co
rpor os
Act
Total,section5,
Re struc nance ation amend
con

dust
rial
mercial nesses
Fi
tion nance
Loans
Recon
busi
to
Cor porationAct— in
the struc
or corn

2
Se
0c1
.(d),

ulturalcommoda
itn
ie
ds
1932, ed—Financingof
Agric
Actas
Under Emer gencyReliefCaonndstructionof
amend
the
livestock,

Sh
c
u
ab
se
s
s
|
Lc
of
or
ain
ps
-

Pur

1933,
Actas
tios
ntricts
Under Emergency Mort gageof
and d
amend D
rain leveeir
Farm
the
riga
age,
ed—

Undera
tc
ht
e

to
Loansfinance qui
sitio
n
propde
ertyclared
t
ac
he of

1
Ap
3r,
.1934–

approved

Undert
ah
ce
t

M
a
t
Up
n
a
p
c
h
r
dr
o
e
v
t
.
e
r
d
a
as
1
9,
m
9
e3
nd
3e
,
d

F
R
t
o
5
s
U
e
i
c
o
n
c
h
s
a
t
d
r
f
n
u
i
e
c
t
o
i
r
e
o
n

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

*MorItn-surº

Banks trustcompa
nies
and

Grandtotal

State

Delawa
re
Florida

15
M
a
sa
c
h
u
s
e
ts
-

O
40
h
i
o
-----

O
14
r
e
g
o
n
----

a
H
w
1
i
------

W
V
30
i
r
g
e
i
n
i
s
a
-t
-W
a
10
s
h
i
n
g
t
o
n
.
--W
i
61
s
c
o
n
s
i
n
---W
y
8
o
m
i
n
g
---V
e
3.
r
m
o
n
t
----V
14
i
r
g
i
n
i
a
----T
50
e
x
as
--t
a
5
h
------

H
N
a
1m
p
e
sh
i
w
re
C
N
a
15
r
ol
r
i
n
ta
hS
C
4
a
o
r
o
u
l
t
in
h
a
D
Na
9
o
ko
rta
h
S
15
o
a
k
u
o
t
h
a
P
1
e
n
s
2
y
l
v
a
7
n
i
a
.
R
I
2
s
h
l
a
o
nde
- D
M
Nex
eic
w
o.
J
N
e
69
rs
ey
w
-1
43
Y
No
rk
e
w
O
19
k
l
a
h
o
m
a
--T
e
19
nn
e
ss
e-

9M
a
r
y
la
n
d
-- 51
M
i
c
h
i
g
a
n
-- ssisipp M
1
e
br
as
8
k
a
9o
5
n
ta
na
--N
N
e
1
v
a
d
a
-----

;Nº42.
§.

T
1
o
t
l
a
.
,
-4
-2
-3

of
n
t
f
d
b
h
r
T
c
w
1
q
s
to
p
a
l
De
*
o
u
s
m
9
r
t
d
e
h
o
c
p
a
m
r
u
i
l
3
o
r
b
o
c
e
s
i
n
a
t
s
d
4
o
i
e
t
n
z
m
s
o
d
l
,
r
e
g
n
.
y
d

††

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

1
of
w
c
r
T
h
n
b
d
f
t
s
t
to
a
p
l
2
1
of
q
D
*
o
e
s
u
9
m
h
e
t
r
o
9
a
d
c
p
i
o
h
h
a
3
l
e
u
c
r
i
o
a
3
s
r
e
n
v
c
o
i
4
t
d
s
t
e
o
n
i
4
e
z
m
,
l
d
n
r
s
e
,
y
.
d
gu
t
b
w
a
1
in
c
or
f
of
by
r
A
C
R
u
i
n
y
c
e
9
i
o
c
s
l
t
m
a
n
p
o
h
r
s
3
c
d
a
t
n
q
u
i
o
r
g
c
d
w
3
e
2
a
s
n
i
r
t
k
e
o
,
i
g
n
e
r
f
d
o
s
g
,
n
s
2
(
as
a
of
t
E
D
*
n
i
h
1
in
C
as
t
p
a
l
to
b
m
e
o
r
u
n
n
a
e
l
e
t
c
o
r
0
h
a
r
h
c
n
i
p
v
d
t
f
g
r
s
)
d
i
o
a
l
i
e
e
m
r
1
e
n
a
u
o
,
d
i
n
w
c
t
r
e
d
s
z
,
i
y
l
e
a
o
r
h
,
n
y
d

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

n
t
f
d
b
h
r
T
c
w
1
of
q
s
to
p
a
l
6
“e
o
u
D
s
h
m
9
r
t
o
d
e
c
a
p
h
u
o
i
e
l
3
a
r
s
o
c
e
v
n
s
d
t
4
i
o
nm
e
t
o
z
nn
d
e
l
,
r
s
g
s
.
y
d

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

t
s
u
l
of
q
f
p
a
re
in
u
n
o
r
h
c
a
o
p
t
d
a
r
i
o
i
e
n
t
o
r
e
t
n
r
s
.

E

ZI

1
9
3
4
o
f
q
u
a
r
t
e
r
s
e
c
o
n
d
t
h
e
d
u
r
i
n
g
S
t
a
t
e
s
,
b
y
a
u
t
h
o
r
i
z
a
t
i
o
n
s
,
o
f
3
.
—
N
u
m
b
e
r
T
A
B
L
E

Laoagh Ao IHL LSNOOHH NOILong HONVNIH NOILVHOdhoo
1934 of February and January in and 1933, in clone,

cy or tornado, conflagration, earthquake, flood, of
danger flood, of reason by damaged, property of pair
re the or unsafe, declared property of acquisition the
finance to 1934–Loans 13, Apr. approved act the Under
1933, 10 June approved act the Under

companies insurance of stock preferred on Loans
a m e n d e d – as

districts irrigation and levee, amended-Drainage
a
n
n
e
n
d
e
d
a
s
1
9
3
3
,
9
,
M
a
r
.
companies
trust and banks of stock preferred on Loans

companies trust
and banks of stock preferred for Subscriptions

companies trust and banks
of debentures or notes capital of Purchases

amended as 1933, 9, Mar. approved act Total,

as 1933,ofAct Mortgage Farm Emergency the Under
a
p
p
r
o
v
e
d
a
c
t
t
h
e
U
n
d
e
r

ss esn e

II title (d), 201 sec. livestock, and modities
c o m agricultural of amended—Financing as 1932,
of Act Construction and Relief Emergency the Under

a
m
e
n
d
e
d

total Grand

companies trust and Banks

associations loan and Building

companies Insurance

companies loan Mortgage

unions Credit

banks land Federal

corporations credit Agricultural

corporations credit agricultural Regional

1 Railroads

taxes processing
to subject are wh o distributors or Processors

Corpora Finance Reconstruction 5,sec.Total,

amended as Act, tion

busi commercial or industrial to Act—Loans ration
Corpo Finance Reconstruction the of d 5 sec. Under
a
s
A
c
t
,
C
o
r
p
o
r
a
t
i
o
n
F
i
n
a
n
c
e
R
e
c
o
n
s
t
r
u
c
t
i
o
n
t
h
e
o
f
5
s
e
c
.
U
n
d
e
r

S
t
a
t
e

M
a
r
y
l
a
n
d

M
a
s
s
a
c
h
u
s
e
t
t
s
.
-

--

fººp.

26
M
i
ne
s
o
t
a
-M
63
M
i
h
c
g
n
a
------ 3.

h
i
o
11
------

O
r
e
g
9
o
n
.
------

-

W
i
60
s
co
n
si
n
.W
y
o
m
8
i
n
g
------a
H
w
1
i
-------

W
V
21
ie
rg
s
in
ti

W
6
ashin
gton,
V
e
3.
r
o
m
n
t
-----V
6
i
r
g
in
i
a-T
x
e
a
12
s
-----U
t
h
a
3
-------

N
H
|
1
a
m
p
s
h
|
i
r
e
-||
w
--|
C
N
a
r
o
21
l
i
n
r
a
t
-hC
S
a
r
o
5
i
l
n
a
u
-th
-D
N
a
k
4
o
t
a
.
r
t
h
S
a
k
o
7
t
a
.
u
-t
h
-P
e
n
58
s
y
l
v
a
n
i
a
---I
R
s
l
!
*
a
d
n
h
-o
|
d
-e
-- D
M
N
e
2
xi
ec
o.
w-23
J
N
e
r
s
e
y
--w
-Y
N
o
r
k
30
e-w
-O
k
l
a
h
6
o
m
a
----T
n
e
22
s
e
------

M
o
nt
a
na
-N
30
e
b
r
a
s
k
a
----43
Missour3
N
e
2
v
a
d
-----

6
1
2,
o
T
t
a
|
3
8
4
*
54
1.
l
.
-4
0
6
2
|
0
5
4
--

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

l
b
F
to
p
m
t
by
C
of
c
in
w
r
R
*
a
u
r
o
e
t
a
f
e
o
n
h
p
i
d
v
n
r
o
h
i
a
e
r
k
n
o
d
c
t
z
s
a
r
n
u
t
e
c
s
a
i
n
d
e
h
o
s
l
n
t
.
y
n
g
s

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

D
*
t
s
q
of
1
l
6
a
p
to
w
c
r
T
h
n
b
d
fu
o
e
s
9
o
t
r
m
h
e
a
d
p
c
r
h
o
u
i
3
a
l
e
r
s
i
o
e
n
v
c
s
t
4
d
i
n
e
m
z
o
,
s
e
r
l
d
n
g
y
.
s

l
a
to
r
d
p
qe
u
s
r
o
a
c
r
ia
i
t
n
o
e
d
n
r
e
g
d
.

of
n
t
f
d
b
h
r
T
c
w
1
q
s
to
p
a
l
De
*
o
us
m
9
r
t
d
e
h
o
a
c
p
m
h
o
r
u
i
l
3b
o
c
e
s
i
n
r
a
t
s
d
4
o
i
e
t
n
i
z
m
s
o
d
l
,
r
e
g
n
.
ya
it
d
t
q
i
as
l
of
n
to
h
b
T
r
w
s
D
*
1
e
p
u
n
i
e
o
d
s
9
a
h
p
n
c
r
m
o
s
a
d
t
i
3
l
r
i
t
m
b
e
a
o
s
n
4
e
u
t
s
m
i
r
c
n
e
s
d
o
,
g
r
n
h
t
.

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

h
n
b
d
f
t
r
T
w
c
q
1
s
of
to
p
a
l
2
De
*
o
u
s
h
m
9
r
t
o
a
e
d
c
p
o
h
u
r
i
e
l
3
a
s
r
v
e
c
o
n
i
s
d
t
4
i
e
m
n
z
o
n
e
d
l
,
r
s
g
.
y
s

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

33

U
s
o
5
t
R
F
C
A
a
as
e
m
c
i
r
n
o
e
c
p
h
s
o
n
d
t
a
r
c
f
d
a
u
n
e
c
t
i
.
,
d
r
o
e
—
n

vee
co
-n

cond-

as

moneys

a
p
of
t
im
u
a
e
b
n
x
n
l
d
e
i
g
e
s
c
d

S
t
a
in
|
.
º:
ta
º
R
|
s
a
t
i
t
F
n
|
C
of
p
g
t
t
e
º
u
a
u
r
rd
i
e
a
c
p
o
r
c
d
.
t
e
t
|
u
i
l
c
m
j
s
.
i
F
a
o
r
e
n
e
n
i
a
r
.
u
k
l
o
.
a
t
s
|
]
d
n
|
e
u
r
.
i
a
º
n
d
r
s
a
.
i
c
n
t
d
,
l
'
t
e
g
p
|
c
b
A
m
|
of
!
o
i
º
r
t
.
p
a
n
e
c
o
i
t
r
e
.
n
a
t
o
e
s
k
o
.
t
n
i
s
,
t
n
”
o
ss
C
c
u
|
b
*
|
c
ñ
#
n
o
a
r
C
o
i
e
r
n
*
p
º
r
o
o
d
º
k
p
m
n
b
r
a
*
i
o
.
s
a
y
r
t
s
a
tota
#
ftul
O
a
nld,s |
B
G
M
g
e
u
r
o
a
t
f
§
i
l
|
r
n
a
o
A
l
g
k
h
n
r
t
d
n
i
c
s
d
a
u
l
e
r
.
pa
pd
Pep
º
to
is
oi
º
nt
.
ss

*:
L.
º
r
.
‘.
:
ºd
:
u
e:
na
:
l
med

A
l
15
27
r
1
iz
o
n
7
a
---

C
n
o
c
e
1
8
30
t
4
3
i
u
-0
-3
7
--

d
I
a
o
h
l
50
92
5
3
---|
6--

6
5
1
*
13
2
O
à
W
-7
0
3
-2
-4
0
1
--

#

#

1%

#

2N
a
C
r
o
3
l
n
i
a
0r
4t
4
9
h
N
M
19
x
e
i
50
c
o
.
e
--w
--2
N
Y
r
o
7
k
-5e
1
-6
w
0
--

J
N
e
6
4
s
r
y
-2
2
e
-6
0
w
---

85818 29

127

555328566

5.
3
835
2

1
l
46
19
68
5
--0--

77
29
3-1
|
11
----74
18
2
19
181
8

L
o
3
1
2
25
u
i
s
0
i
2
a
7
n
2a
5
9
1
-

e
K
n
t
3
c
u
1
16
k
I
y
-2
7
9
-7
68
-

e
G
o
r
i
g
a
2
1
11
-5
4
6
-5
2
--- I
n
I
d
a
i
n
5
2
616
7
8
6
-0
7
3
-- K
n
a
s
3
2
6
1'
2
5
6
-7
3
-F
o
l
r
d
i
1
a
1
!
2
48
1-2
0
7
-l
i
o
n
8
s
5
70
14
6-95
5
0
3
-4

i
C
of
o
l
42
u
3
25
m
1
s
b
i
a
t
r
i
1ct-

a
3
1
32
l
2
7
i
f
8
o
5
r
0
n
i
a
9
8
1
-e
l
w
a
17
3
e
r
------3
1
r
2
5
4
k
a
n
8
5
0
sa
s
3
7
0
-C
A
l
a
b
2
1
m
3.
-a
5
3
--1
8
- A28
8
3
5
C
o
8
1
70
l
o
r
a
5
d
o
6
0- D

T
e
n
s
e
------

S
C
a
o
r
l
i
o
n
a
u
-t
h
-D
S
a
k
o
t
a
-u
t
-h
-

R
I
s
a
l
n
h
d
-o
-d
-e
--

T
e
a
x
s
------U
a
t
h
-------

-

V
I
s
l
a
d
n
s
i
-rg
-in
P
Ri
u
c
e
o.
rto
-

G
t
1
+
o
a
.
l
r
6
-a
,
n
0
5
d
5
-

s
a
i
of
t
n
h
b
l
w
to
r
Tu
1
n
e
o
a
t
h
s
d
p
r
b
l
c
e
i
n
h
m
r
s
l
o
v
b
a
i
t
e
r
c
s
u
b
i
v
e
d
w
l
n
t
r
z
u
d
e
i
w
n
o
s
a
r
e
d
h
l
t
n
p
s
;

h
b
a
w
c
t
of
d
or
n
p
fu
s
o
e
r
a
t
h
b
i
m
r
e
a
p
n
c
f
o
i
u
t
r
a
h
e
v
t
c
i
n
a
r
s
k
u
e
z
i
d
r
a
e
n
d
h
t
s
l
,
.

l
to
m
of
o
Af
*
o
cf
co
a
a
i
r
t
i
c
d
is
e
o.
n
g
n

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

Re
*
vise
d.

3.
i
1
3
J
to
2,
F
S
by
m
w
a
b
of
4
T
n
u
c
o
.
t
l
9
a
h
A
u
r
—
e
s
a
o
i
0
r
N
v
3
8
d
B
e
t
i
o
u
—
n
b
r
z
C
e
a
w
m
o
4
2
c
L
n
t
,
e
b
i
s
.
n
o
r
e
,
h
E
u
e
s
r
d

* ".
*É.
º
:::.
tiºº
n.
º.
i
*. .ále

-

1934
of

T
L
S
on
c
ºf
t
as
M
1
A
of
F
h
u
o
i
o
h
e
9
b
r
n
c
t
a
3
t
s
a
e
g
n
p
c
3
a
c
a
s
t
r
g
e
i
n
,
l
i
e
r
ep
s
,
: by
d
a
i
q
l
s
2
(
or
t
n
o
I
1
c
a
e
s
m
2
s
u
i
g
r
r
e
a
u
n
o
n
v
9
e
0
i
t
r
t
0
g
e
m
c
)
a
s
n
l
3
d
r
l
a
e
f
t
p
1
c
,
c
d
.
.
e
r
l
2
a
e
,
.
1
d
s
t
p
to
L
A
r
of
b
t
I
of
e
C
g
r
e
o
a
u
u
o
n
f
a
d
r
l
i
j
s
e
r
a
a
i
c
e
9
s
k
t
l
nd
r
u
r
e
c
o
—
a
n
s
i
u
l
f
t
n
r
e
n
c
v
d
,
s
l,
d
.
e- of
February
approved as
to
Loansfinance U
q
u
n
is
di
e
ti
ron
a
on
t
l
of
L
S
d
of
w
A
i
e
g
m
t
o
c
a
i
r
b
e
n
o
n
i
a
e
b
r
t
r
c
c
m
n
d
n
o
a
—
u
s
k
f
g
d
y
,
s
l
n
i
t
k
i
s
e
s
clone,a9n
33
d,in
1934,
t
u
n
u
1
S
ar
u
i
a
c
r
n
U
e
t
f
i
n
m
o
e
,
n
, S
ny
d
tm
e
h
c
n
d
e
t
d
.
p
n
S
To
a.
or
1
of
d
e
|
R
g
r
e
e
o
9
a
d
e
l
r
.
f
c
n
t
3
e
t
c
r
m
—
e
y
e
3
f
.
r
º
e
s
,
d
of
p
t
l
S
i
o
t
q
i
u
i
o
d
a
n
t
s
U
U
t
E
R
a
C
|
M
1
9,
as
m
o
p
e
n
9
s
p
a
d
r
h
l
n
t
c
d
3
r
g
e
i
u
o
e
c
3
v
e
n
d
t
r
i
.
c
r
,
f
o
y
d
n
a
as
1
of
A
m
9
e
c
3
n
d
2
t
e
,
d
Januar
t
p
of
U
5d
Sg
n
e
r
hd
r
c
o
e
i
.
p
r
-de
e
a
E
|
t
c
of
u
m
l
r
h
c
t
e
u
t
r
e
t
a
y
lun Psor
ration,
tornado, in1
C
e
a
p
of
i
E
1
A
|
º
c
||
T
o
m
9
r
e
a
m
p
o
x
n
j
e
3
c
|
o
l
n
3
e
t
i
r
g
d
f
a
–
i
t
p
r
e
a
o
.
I
a
n
.
:
r
l
s
n
t
d
I
i
n
u
s
i
t
ea
r
s
e
i
sc
l
k
e
t
s
e
s,
amend
ac
the A
conflag
t
|
a
i
fo
r
t
(
I
ct
o
m
*
n
r
u
o
i
as
t
c
m
p
i
I
m
o
t
s
d
a
|
)
e
n
l
r
t
,
*
T
.
b
e
c
,
e
g
n
II
a
S
5,
|
fi
u
a
m
i
c
e
s
r
o
t
n
e
a
m
i
t
d
c
p
l
e
s
h
o
.
a
d
n
-q
cy
or
f
of
D
s
||
i
2
p
|
t
a
to
b
S
1,
A
l
r
n
1
as
t
a
u
e
i
n
o
a
d
0
c
9
s
o
i
u
c
r
t
k
e
c
d
d
n
3
s
1
r
t
e
.
k
n
,
u
3s,
tc
1
Ap
3r,
.
ed—

2
4.
1

1-8
71
7
---

!
9----4

6
15
1
-1-812
1.
22
1
2t;49
1
7
------2
1-41
2
---

l
5

------

-

8
10
34

2
4
72
15

1
813
90

2
l
2
||
--4
--

i i

3
4

T
2;
L
1;
1.
Me
o
a
n
un
ie
ss
n
i
a
e
ne
a
,

t
s
u
l
of
q
p
a
f
re
in
u
n
o
r
h
c
a
o
p
t
d
a
i
r
a
i
o
t
e
n
o
r
e
t
n
r
s
t
.

o
b
in
i
as
C
h
p
t
to
D
n
a
lr
a
o
u
n
l
r
e
t
o
i
a
p
h
c
v
n
o
f
s
r
i
a
l
o
m
i
e
r
a
u
w
n
i
t
e
d
i
s
z
c
a
o
s
l
e
h
r
,
n
y
d
R
a
C
A
of
1
f
t
r
or
b
e
o
i
u
n
c
t
f
e
by
d
9
o
s
a
n
r
l
t
c
o
a
h
p
i
s
r
3
n
d
m
i
u
a
h
r
c
q
2
a
e
d
t
r
i
n
u
g
a
n
i
g
k
e
,
o
f
r
s
n
e
,
d

s
2
(
a
as
t
of
ume
n
ar
0
h
n
d
g
c
)
d
ee
1
nd
.
,
r
c
,
o
c
in
1
a
t
b
w
i
yo
n
y
9
h
r
c
n
a
r
l
3
r
i
o
u
3
w
d
s
n
e
,
r
d
*
l
to
i
6
f
t
r
or
of
b
d
by
e
c
in
1
as
C
1;
K
n
a
I
i
u
o
s
e
c
y
r
l
n
9
t
c
i
o
a
h
p
l
m
s
n
f
r
3
t
l
d
q
o
u
a
g
é
i
r
t
o
n
e
3
c
a
d
w
i
r
t
k
n
s
o
e
i
g
,
r
d
a
s
:
n
,E

-

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

Revi
*
sed.

&

i
1
3
J
to
2,
S
by
F
a
of
5
T
u
n
.
t
9
h
A
c
—
u
e
o
a
l
0
r
N
3
8
i
B
t
u
z
n
b
a
s
e
m
4
2
t
L
i
,
b
o
s
e
.
v
,
n
E
s
e
r
,

a
as
A
C
F
R
t
o
5
s
U
e
m
i
c
r
n
o
e
c
p
o
s
h
d
n
a
t
r
f
c
a
d
n
u
e
t
c
e
i
,
.
o
r
d
e
n

R
5,
s
|
Cr
e
ea
c
te
.
d

unds

e

d
t
ep
i
as
os
n
t
i
s
a
t
ix
s
n
eg
s

ta
g
px
ue
m
b
e
n
l
d
s
i
ec
d
s
a
t
F
i
|
s
g
w
tº
p
R
e
t
u
o
r
u
t
F
C
|
n
i
d
o
r
r
a
t
e
c
f
p
h
u
r
a
n
º
c
a
i
e
o
c
d
º
l
k
s
d
g
l
r
e
o
i
º
k
o
:
t
l
*
"
F
t
i.
c
º
.
m
t
r.
"
i
f
e
.
r
u
n
d
.
l
e
s
a
r
a
a
u
i
d
n
r
n
a
t
c
.
|
b
"*
i
"
o
s
c
t
r
|
n
a
l
s
o
d
t
e
g
.
p
o
n
e
o
d
.
m
k
r
.
'
P
i
a
.
a
t
:
c
b
*
i
s
r
m
of
|
A
t
,
o
.
:
]
n
a
º
i
o
t
e
c
p
i
o
nc
i
o
e
o
”
n
k
r
n
t
e
s
o
at
,
.
nof
to
C
º
r
p
c
y
º
r
a
à
.TotParloc,es-J
f
t
R
d|LgAJMIBGe
g
F
i
o
n
u
a
r
e
o
h
i
c
d
s
v
r
n
a
e
u
l
o
u
r
t
k
n
a
r
e
.
d
l
:
.
s
d
n
;
l
Sc
t
a
t

moneys

-------

------

-------

-------

------

-----

-----

------

------

------

-----

1
6
3
4
30
4
3
43
1
051
33
1
3--5
--7
2
5
4
43
38
42
1
58
6
3
48
4
-7
5
41
6
4
- 4
8
189
75
7-4-17
33 79
188
5
028
426
18
081
393
1173521
92
1
81
3
-4
-214
1
356
492
9
25
1,
,
61
3663
6 71,
5
4
1,
330
74 358317
540
4278
5
3
749.0
1

-------

20
1
8
I
36
5
3

M
a
2
86
s
33
a
c
h
1
u
s
1
e
t
s
-6---2
7
-

-----

§.P.

-

--

N
H
18
a
36
m
p
s
h
18
i
r
e
.
--w
--1
2
7
84
N
3
C
5
a
r
o
l
1
8
3
i
r
n
a
t
5
5
7h
-25
5
N
74
M
e
39
x
e
i
c
w
o
.
28
J
N
8
3
2
e
r
s
e
6
y
1
0
7
e
1
8
7
5
-w
9- 38
35
3
17
N
9
Y
4
or
2
5
e
k
8
-7
0
w-5

N
e
1
26
44
I
a
v
d
29
--------

M
i
5
n
9
4
2
e
s
o
t
6
a
.
2
0
-5
47
M
2
1
a
21
6
r
y
l
1
a
n
6
3
d
2
9
2
-8
-- M
3
1
1,
8
10
4
7
2
1
8
i
9
6
49
16
24
c
h
i
g
7
a
n
6
5
-5
8
6
-0
-- 32412466277M
i
8
5
1
15
s
u
o
r
5
i
1
0
9
--3
-Mo94
2
4
1
n
t
a
1
2
-3
4
-8N
b
e
r
a
s
k
a
-0
-5
-

ND
o
a
k
r
o
t
-ha

--

I
V
s
l
1
a
d
n
s
i
-rg
-in
V
W
3
i
r
e
g
5
i
s
ni
3
a
tP
R
11
i
c
u
o
.
e
r
t
o
W
a
7
s
h
i
n
7
g
t
o
n
4
.
--W
i
s
c
o
ns
i
n
-W
1
1,
9
0
yo
mi
ng1
0
1
V
1
e
r
m
o
n
t
2
--2V
4
i
r
g
i
n
i
a
2
--9a
w
3
i
-----A
l
a
3
s
k
a
------H
T
e
1
1,
x
a
s
-6
--5
U
t
2
a
h
-8
-2
--

5e
n
e
s
7
e
-9
--

S
C
1
a
o
rl
8
u
i
n
a
t
1h
-D
a
o
kt
u
at
h
3
8
0
P
1
e
n
,
s
y
3
l
v
a
4
n
i
a
3
-R
I
s
l
h
a
n
o
d
-d
-e
-- S
11

3.
32”
6

36
or
na
4
---

1h
1,
o
i
-5
--5
---

t
G
o
2
*
a
l
.
r
4
-a
,
9
n
-2
d
5

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

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

sº

º

i
1
3
J
to
2,
S
by
F
a
of
5
T
n
u
c
.
t
l
u
9
h
A
—
s
e
o
a
i
0
r
N
v
3
B
e
t
u
—
z
n
b
C
a
e
m
o
4
2
t
L
n
,
i
b
s
o
e
.
n
,
E
u
s
e
r
,
d

1
A|p
3r,
.
ed—

approved
to
Loans
as
1934,
|
a
as
1
of
A
m
t
a
9
e
c
n
3
d
h
c2
e
t
d
e
,
as
1
9,
M
a
t
U
|
C
R
E
o
m
p
n
e
U
9
a
p
s
c
h
t
n
l
r
3
d
g
r
o
u
i
d
e
3
c
v
t
e
d
n
.
i
c
,
r
o
f
d
y
n
amend

º

**
*.
".

-

º:
tºj
:ºi
#.

.
i.
§§

1934
of

r
t
of
c
F
S
M
of
T
A
l
on
F
i
u
o
e
h
i
n
b
r
o
h
p
n
c
t
a
a
snc
g
t
a
s
e
i
r
c
t
e
i
g
a
r
n
e
e
p
s
l
s by
S
|
2
(
or
t
i
r
e
a
0
t
c
)
l
a
1
.
e
l
a
l
of
q
o
I
1
2
a
a
e
u
i
g
9
r
m
n
v
t
i
u
3
e
g
e
n
l
f
s
0
r
d
2
n
e
c
s
t
,
u
s
o
r
d
nt
a
1
a
e
n
e
dc
a
d
e
L
of
to
p
t
s
r
C
".
b
of
º
A
e
u
o
f
g
"º
p
e
a
o
u
r
n
.
l
e
j
s
d
i
n
r
a
.
e
l
t
f
c
.
'
r
k
e
u
n
a
t
.
"
l
r
f
s
º
g
l
.
e
,
dd
February
q
Uu
U
n
is
di
d
e
t
e
i
r
o
r
n
19n
33
d, ar
d
s
of
a
a
w
t
e
A
g
t
o
m
r
b
i
a
c
o
e
i
n
k
on
L
|
c
b
r
n
t
m
d
o
u
o
a
l
—
k
d
y
d
i
g
,
a
i
n
e
t
f
k
i
n
e
s
s
clonea
d
R
as
g
S
To
1
d
or
n
p
of
l
e
r
t
S
o
e
9
q
a
e
t
i
l
c
f
n
u
3
t
r
e
a
j
i
o
c
r
m
3
e
t
r
d
n
c
e
,
a
t
s
y
o
f
º
d
t
.
n
y
t
de
t
a
º
|
n
h
c
l
t
y ou,nasrtuirc-tnion eiSCA
J
in
anu ny
o
e
r
x
n
p
l
g
f
r
a
E
r
1
t
a
of
f
||
c
0
p
T
m
9
a
e
i
m
o
e
3
r
p
f
c
o
3
r
e
t
i
–
o
º
º
n
t
a
r
a
p
i
s
l
e
A
t
p
of
5d
S
g
r
h
h
e
r
U
o
c
i
e
n
ep
.
d|
E
c
e
t
of
u
m
r
l
t
e
h
u
ra
e
le
|
ion,tornado, in
t
i
i
n
d
t
i
u
s
i
t
nr
a
l
e
e
i
k
sc
e
s
s
e
t
e
s
,cofnflagrat
e
e
5
a
n
c
g
II
S
b
m
Ii
a
o
a
e
e
i
u
r
m
t
n
c
s
t
i
d
e
p
a
.
i
e
h
o
a
l
d
s
n
-q
b
f
D
a
to
i
p
|
t
s
2
S
t
1,
A
i
as
r
a
l
n
c
u
e
a
u
i
o
n
n
d
0
c
i
r
s
S
o
of
º
k
u
c
n
t
e
d
|
d
t
s
1
r
.
n
o
,
o
u
,
c
c
s
k
kf
t
(
t
4
c
i
In
a
1"
l
i
o
r
c
c
as
t
o
o
n
u
t
r
m
)
o
m
s
l
o
i
c
d
p
ees
o
t
,
a
n
r
e
r
,
n
d
a
|
or
cy

º
ac
ne

|
*
i.
A|..
º
Pd
º
."

1
12
C
38
l
a
I
i
f
o
n
r
4
i
a
2
-1
8
--

72
18
90
21
--|
---- 1
6-2
21
-9
3
--

4
I
2
1
10

-

6
27
2
10
|
1
---6
---.
--

----

16
23
91
73

43
3
|
x
--5
-19

11
|
3
5-6

1
!
9
e
4
l
a
w
3
a
r
e
-4
42
84
1
o-nn
2
e
ct
iD
C
50
|
8
1
14
ol
o
r
a-d
o
|
-C

-

-

-

-

-

-

-

-

-

~

~

~

~

o

o

h

o
n
u
ø
n
a

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

s

p

u

e

s

i

u
p
º
u
a

I
•

|

8
1
1
9
t
.
0
6
i
9
.
~
~
m
e
n
o
n
p
u
g
u
Ð

o
o
g
ø
ø
S
•

o
u
b
'u
6
g
1
i
ºo
d
j
'
}
z;
'
ø£
oI
u

s
ø
p
i
n
t
o
u
I
,

u
u
r
e
p
s
º
u
p
I
n
q
j
o
t
r
o
n
o
n
i
n
s
u
o
o
º
i
m
o
r
e
ø
r
ø
q
n
º
u

:
I
º
b
u
g
s
p
n
o
I
:
I
"
s
º
s
u
e
x
º
g
º
p
p
u
r
o
j
!
[
e
o
:
s
w
o
t
o
j
s
e
‘
c
º
g
i
u
p
º
t
r
o
o
k
o
1
0
º
o
p
b
u
r
o
n
‘
º
r
g
º
x
{
e
n
b
q
u
e
º
a
e
q
p
o

I
*
o
º
s
s
a
u
u
e
L
p
u
e
:
#
º
u
p
e
I
N

*

-

REPORT OF THE RECONSTRUCTION FINANCE CORPORATION

-

-

-

-

-

-

-

-

u

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

e
q
u

s
u
o

,

s

o

s
º
w M
a .

I
A

-

-

-

-

-

-

-

-

-

-

-

-

u
o

u
p

s

q

w

w

w

.

*
p
º
s
A
ø
H
•

21

22

REPORT

OF

TEIE R E C O N S T R U C T I O N

FINANCE

CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to June 30, 1934, inclusive, by States
G R A N D

Amoºthor

State

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

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Louisiana-----------------------Maine----------------------------

-

Maryland---

Mississippi

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Missouri------------------------Montana---------------------------

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

South Carolina
-

-

-

Texas-----------------------------Utah------------------------------Vermont----------------------------irginia------------------------------

-

T O T A L

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Wisconsin---------------------------Wyoming---------------------------Alaska--------------------------------Hawaii--------------------------------Puerto Rico.---------------------------Virgin Islands-----------------------------------Loans:
To Federal land banks 2---------------------To Federal intermediate credit banks 2-------

To regional agricultural credit corporations

(rediscounts)”------------------------------T o railroads(including receiversand trustees) 2

Forfinancingexportsofagriculturalsurpluses”.
commodity credit corporation *----------lºT* of*-------------------------------------------oSecretary of Agriculture to acquire cot

Amo unt with
d r a w n or cancele

Alºis

$32,469,225.30
9,498,569.00
51, 183, 178.82
425, 181,566.18
20,039,266.66
27,206,585.41
2,937,000.00
143,768,692.66
18,358,782.68
19,724,050.04
12, 106,348.07
365,024, 157.82
64,946,578.59
82, 196,555, 13
17, 181,074.92
40,885,404.80
200,522,341. 10
64,332,829.02
121,636,881.68
71,744,055.00
355, 251,856. 27
36,355,071.44
33,651,628.36
99,204,120.24
12,623,226.45
20,628, 563.59
7,048,232.92
4,748,603.00
168,286,944.79
9,707, 525.81
653,451,730. 11
55,939,648.49
12,588,052.75
430,413,331.13
24, 102,857.79
16,652,682.80
264,458,312.29
3,491,036.00
31,806, 512.08
15,522, 138.72
113,578,618. 11
111,857,739. 19
19,133,294.10
23, 186,898.84
38,344, 294.85
51,071,397.58
37,932,073.84
90,289, 527.00
5,568,411.25
137,500.00
1,144,935.00
4,378,000.00
125,000.00

$3,077,325.99
183, 194.70
7.114,874.82
21,616,607.57
1,484, 114.21
2,610,515.21
2,058,000.00
3,254,979. 27
1,692, 740.09
2,964,326.80
1,310,790.06
24,322,761.84
7,623,986. 50
9,799, 539.61
1,070,794.63
6,203,624.38
77,484,875.20
5,690,039.88
10, 106, 166. 13
7,819,234.93
40,764,067.53
3,309,881.82
2,590, 616.53
21,892, 513.04
451,527.34
2,215,525.56
169,000. 75
456,139.92
15,503,300.45
815,431.54
27,603,618.95
6,327,676.68
1,123,888. 61
42,970,867.43
501,827. 15
1,535,727.27
19,610,283.55
221,338.00
2,991, 742.32
1,300,233.20
10,853,926.86
7,968,491. 17
2,047,832.71

$27, 161,176.61
5,088,274.30
33,128,014.63
298,980,367.50
14,956,380.51
22,615,304.01
769,000.00
138,356,951.04
10,844,098.78
15,305,673.98
9,611, 146.76
315,339,486.44
50,033,685.98
67,678,879.66
13,454,819. 13
31,790,507. 58
112,725,476.91
50,713,833.87
106,797,462.93
58,774,759.89
281,905,304.62
29,941,696.41
26,774, 522.47
66,287,388.73
9,405,339.85
16,905,081. 91
5,582,099.17
3,352,463.08
131,290,575. 12
7,304,076.08
450,411, 597. 12
45,622,983.58
10,694, 124.42
350,254,887.69
20,864,669.27
11,981, 548.83
179,081,663. 39
3,019,698.00
25,083,868.54
13,509,224.89
84,302,533.94
89,508, 289.93
16,767,693.81
21,820, 566.32
30,067,858.65
32,393,609. 12
32,878,956.75
71,734,291.36
4,414,846.53
137,500.00
1,137,527.37
3,347,305.75
125,000.00 ------------------

4,443,622,907.67

436, 198,949.04

3,361,909,093.21

3.399,636,000.00
.00
,250,

12,400.000.00

193,618,000.00
9,250,000.00

177, 162,346.60
420,699,930.00
52,880,542.80
448,000,000.00

5,014,441.46
4,827,784.47
30,077,098.05

170,974, 519.71
411,645,844.04
14,595,988.41
235,772, 168.69

200,000.00

3,300,000.00

-

-

3,500,000.00
5,954,751,727.07

488,718, 273.02 *4,401,065, 614.06

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

* Includes $193,618,000representing refinancing of loans previously made by theCorporation toFederal
land banks for different individual amounts, but in the same aggregate amount.
* In addition, upon certification by the Federal Emergency elief Administrator, under the Federal
Emergency Relief Act of 1933, the Corporation disbursed $493,112,904 for relief, as shown below; and dis

bursed $345,223.40tothe Federal Emergency ReliefAdministrator forexpenses necessary to carry out the
provisions of the above act.

REPORT OF THE RECONSTRUCTION FINANCE CORPORATION

23

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

ments from Feb. 2, 1932, to June 30, 1934, inclusive, by States—Continued

A º

P

º

š

O F
F O R RELIEF U P O N CERTIFICATION OF G R A N T S B Y
EDERAL,
R G E N C Y RELIEF ADMINISTRATOR, U N D E R F E D E R A L E M E R
G E N C Y R E L I E F A C T O F 1933, F R O M FEB . 2, 1932, T O J U N E 30, 1934, I N C L U S I V E , B Y
ST ATE S

Amount

State

disbursed

Amount

State

disbursed

$8,994,391 || Nevada-------------------------Alabama------------------Alaska--------------------------------349,629 || N e w Hampshire.-----Arizona-------------------------------2,834, 146 || N e w Jersey----------Arkansas------------------------------7,410, 249 || N e w Mexico
California-------- 15,823, 535 || N e w York--Colorado
3,925,050 || North Carolina
Connecticut.--| 4,594, 154 || North DakotaDelaware-----------------------------1,010, 708 || Ohio -----------1,056, 174 || Oklahomaorida--------------------------------- 13,347, 232 || Oregon
Georgia.-------------------------------,705,354 || Pennsylvania--------Hawaii--------------------------------- 1,110,561 || Puerto Rico.----------Idaho---------------------------------Rhode Island.----------Illinois--------------------------------- 46, 101,027 || South Carolina-------Indiana-------------------------------South Dakota.---------

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

$370, 801
966,436
15,423,438
889, 188
62,733,741
9,709,990
3,612, 520
36,763,382
6,309,005
3,213,315
44,106, 509
1,970,201
1,870,967
10,424, 200
7,035,597
6,369, 196
13,249,874
1,723,352
481,544
281,753
5,594,074
5,627, 175
11,000, 599
9,619,053
90,

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Virgin Islands--------7, 171,098 || Virginia--------------11,355, 140 || Washington.----------31,369,782 || West Virginia----------8,831,959 || Wisconsin--------------,286 || Wyoming---------------------6,685,494
2,853,357
Total----------------------------- 493,112,904
2,125,699

Mississippi----------------------------Missouri------------------------------MontanaNebraska------------------------------

-

-

-

-

-

-

-

-

-

TOTAL, SEC. 5, R E C O N S T R U C T I O N F I NA N CE C O R P O R A T I O N ACT, As A M E N D E D
A m o u n t author-

State

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

California---------------------------------------Colorado----------------------------------------Connecticut--------------------------------------

Delaware----------------------------------------District of Columbia----------------------------Florida-------------------------------------------Georgia------------------------------------------Idaho--------------------------------------------Illinois------------------------------------------Indiana-------------------------------------------

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Michigan-----------------Minnesota.----------------------------------------

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

N e w Hampshire.--------------------------------N e w Jersey--------------------------------------N e w Mexico.-------------------------------------N e w York--------------------N o r t h Carolina----------------

North Dakota.----------------o hi

$13,437,837. 30
2,934,800.00
30,629, 592.40
202,873,013.78
7,716,405.31
19, 151,785.41
,000.00
26,068,692.66
10,008,862.58
12,327,358.04
7,798,281.61
208,680,912. 59
41,651,536.05
68, 153,425.13
8,202,640. 92
20,206, 793.80
115,025,664. 10
51,879,934.02
99,665,651.68
52,789,055.00
290,488,815.80
15,819,684. 44
17,752,809. 36
65,699,816. 04
5,407,700. 41
10,810,223.59
6, 177,667.92
1,794,000.00
117,980,749.42
2,257,215.05
264, 278,230. 11
41,376, 175.20
7,882,284.75
327,658,825. 13
8,573,777.

§737,ºil o

84939–34—4

A mo un t with
d r a w n or canceled

$2,725,700. 99
169,694.70
5,571,655. 52
8,392,310.79
1,059, 184.21
2, 193,711.21
8,000.00

1,204,979. 27
721,740.09
2, 155,326.80
747,300.85
19,365, 102.41
5,742,774.
9,517,839.61
985,794.63
2,744, 673.93
26,876,425.20
5,255, 039.88
9,306, 166. 13
5,877,081. 22
39,224,783.53
2,479,881.82
1,732,366.53
20,011,763.04
413,912. 34
1,505, 525.56
169,000. 75
356, 139.92
13,494,357.33
617, 931.54
14,372,229.7
5,523, 391. 18
983.808. 61

37,647,857.71
591, 327. 15

1,445,633.0%

A m o u n t d is
bur sed

$8,981,413.61
2,650,005.30
23,681,847. 51
190,876,205.82
6,336,664. 56
16,862, 308.01
249,000.00
23, 106,951. 04
4,540,538.69
9, 192,481.98
6,949,580.76
170,565,625.77
31, 284,855. 38
56,871,949.66
6,527, 170.45
16,634,749. 43
81,254,577. 11
45,661, 694. 14
87,788, 353.93
45, 186,913.60
223,584,688. 15
12,080,409. 41
15,100, 103.47
42.597,099.73
4,507, 169.85
8,528, 137. 16
5, 169,467.17
1,437,860.08
99,407,572.87
1,592,868.99
161, 192,486.29
33,919, 795.88
6,797,436.42
261,698,892.41

7,396,072.27
6,881,238.03

24

REPORT

OF

T H E

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to June 30, 1934, inclusive, by States—Continued
T O T A L , SE C. 5, R E C O N S T R U C T I O N

FINANºcorporation A C T , A S

AME NDED–

o n t i n ue

A m o u n t a ut ho r

State

ized

Pennsylvania------------------------------------Rhode Island-------South Carolina
South Dakota.--------Tennessee-------------

Am oun t with
drawn
or can
celed

Anº.#.º

ls

$185,224, 237.29
1,567,446.00
24,642,282.08
9,052, 193. 72
90,844, 166. 11
58,508, 599.41
11,050,055. 10
8,391, 898.84
20,967, 565, 05
34, 277, 123.51
22,967,855.84
54,914,601.56
3,971,011. 25
100,000.00
750,000.
1,218,000.00

$18,032,785.31
21,338.00
2,770, 742.32
1,129,233.20
6,058,926.86
5,244,841. 17
1,096, 532.71
393,832, 52
2,474,016.88
10,262,017. 51
943,846. 33
6,540, 551.83
9, 164.72
372,694.25

$118,758,486.63
1,546, 108.00
18,394.798.54
7,686,279.89
70,737,608.68
50,959,781.74
9,827, 254.81
7,850,566.32
16,619, 144.65
22,041,873. 92
18,862,738.75
42,860,265. 92
3,519,846.53
100,000.00
742,592. 37
845,305.75

Total.---------------------------------------| 2,720,601,915. 53

306,820, 925.47

2,118,446,837.43

Texas-----------------Utah--

VermontVirginia----Washington.----------West Virginia--------Wisconsin--------------Wyoming-AlaskaHawaiiPuerto Rico.-------------------------------------ns:

T o Federal land banks 2---------------------T o Federal intermediate credit banks?--------

3399.636,000.00
12,400,000.00
,250,000.00 ------------------

193,618,000.
9,250,000.

To regional argicultural credit corporations
(rediscounts) *-----------------------------

177,162,346.60

To railroads(includingreceiversand trustees) -

420,699,930.00

5,014,441.46
4,827,784.47

170,974, 519.71
411,645, 844. 04

Grand total.--------------------------------- 3,727,350, 192.13

329,063, 151.40

2,903, 935,201. 18

B A N K S A N D T R U S T C O M P A N I E S (INCLUDING RECEIVERS, LIQUIDATING AG EN TS ,
A N D CONSERVATORS)
$1

; § §

#

$2,412,447.92
69,694.70
5,272,866. 92

1

$7

;

I

.

i;
573 417.

i

1

356.

1

;

;#;;
º i
:
::i :

1,317,685.54
11.4

35

i#
:#:

1

:;
l

7

i

;

59,

Mississippi
Missou

º

N e va d a - New H am

i
i
|
i
8.§

1

#

-

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

23.

;7
41§

{}

; º:

1

7

;§ §

22 156. 80

723,

i;;;
:67::5,

i;;;
2,49 1. 87 1.57
5,973,260.
513,950. 55

*

R h o d e Is lan d

1,40s,ºs.5.

South Carolina
S ou t h Dakota.------------------------------------

4,665, 116.70

882,959.40

;#

15,
-

:

*These loans are not included in the State totals shown above.

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

REPORT OF THE RECONSTRUCTION FINANCE CORPORATION

25

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
mentsfrom Feb. 2, 1982, to June 30, 1934, inclusive, by States—Continued
B A N K S A N D T R U S T C O M P A N I E S (INCLUD ING RECEIVERs, LIQUIDATING AGE NTs,
A N D C O N S ER V A T O R S ) — C o nt i n u e d

A m o u n t au th or

State

ze

A mo u nt with

drº

can-

$76,482,259.11
$5,401,346. 20
29,291,654.43
4,202,421. 16
5,737,612.00
741,706.59
8,391,898, 84
393,832. 52
17,771,708.67
2,438,695. 61
26,442,519.62
20,149,355.84
35,697, 122.76
1,487,087.05
100,000.00 |-750,000.00 -1,218,000.00
Total--------------------------------------- 2,045,625,475.41

Amo
u n t dis
bursed

$68,860,541.65
24,212,280.91
4,871,405. 41
7,850.566.32
14,418,767.79
15,205,707. 04
16,509,698.99
25,782,261.83
1,197,045. 52
100,000.00
742,592.37
845,305.75

258,771,925. 16 || 1,606, 570,917.85

BU IL DI NG A N D L O A N ASSOCIATIONS (INCLUDING RECEIVERS)
Alabama----------------------------------------Ar kans as

California.-Colorado--Illinois--Indiana-Iowa----Kentucky-iana-Maryland-Michigan--Minnesota

Mississippi-

RHºp.

MontanaNevada----N e w York-----N
Caro
North Dakota- - - - - - - - - - -

Pennsylvania--South Caro

t

South Dakota.-Texas----

Virginia---

Washington:-

West Virginia.-Wisconsin.---

Wyoming---------------------------------------Total---------------------------------------

$111,000.00
$811.96
2,658,378.25
100,944.36
9,520, 134.81
498,904.36
110,000.00
3,263.06
549,000.00
49,242.14
5,000.00 -----------------3,988,989.09
302,854.46
1,683,000.00
22, 179.40
1,132,800.00
25, 110.25
1,449,500.00
54,488.39
2,673,860.03
24, 186. 57
1,328,400.00
19,367.62
2,091,287.87
221,494.69
107,500.00
3,226.48
103,500.00
7,502.78
250,000.00
2,230.27
313,605.00
78,068.78
85,000.00
55,000.00
30,359,926. 12
1,678,323.95
9, 102,159.38
1,796, 134.86
3,571,493. 49
75,868.94
155,000.00
3,022.75
31,216,765. 37
1,584,753. 39
4
,102,100.00
135,
112.49
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
164,000.00
5,591.24
1,546,000.00
12,956. 12
9,041,000.00
463,211.79
141,781.25 |-----------------122,474,119. 14

7,518,963. 37

$110, 188.04
2,557, 433.89
8,514,449.53
106,736.94
499, 757.86
5,000.00
3,686,017.63
1,660,820. 60
1,107,689.75
1,395,011. 61
2,649,673.46
1,309,032.38
1,869, 793. 18
104,273.52
95,997. 22
247, 769.73
235, 536.22
30,000.00
28,676, 153.67
7,306,024.52
3,495,624. 55
151,977.25
29,631,211.18
3,945,802.61
1,518,820.48
246,065.47
289, 594.85
1,612,733.96
950, 611.45

158,408.76
1,533,043, 88
8,577, 788. 21
141,781.25
114,420,823.65

INSURANCE COMPANIES

$339,050.00
435,000.00
50,000.00
75,000.00
33,000.00
6,028,500.00
4,498,000.00
3,522,000.00
357,000.00
1,000,000.00
1,270,000.00
13,985,000.00
4,816,913.76

$41,300.00
$297,750.00
80,000.00
355,000.00
-----------------50,000.00
-----------------75,000.00
-----------------32,600.00
,042.
5,932, 457.72
1,262,021.45
3,235,978. 55
102,212.50
3,419,787.50
22,983. 34
334,016.66
1,000,000.00 -----------------21,943.75
1,248,056.25
-----------------13,985,000.00
609,394.50
• 4,207,519. 26
28, 500.00
6,000.00
22,500.00
112,000.00 -----------------112,000.00

26

REPORT

OF

T H E

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to June 30, 1934, inclusive, by States—Continued
I N S U R A N C E C O MP A N IE S -C o n ti n u ed

A mou nt
authorized

-

State

Missouri----------------------------------------Nebraska-------------------------

-

-

-

-

-

-

-

-

-

-

-

-

-

-

North Dakota
Ohio---------------------------

-

$298,218.63
401,663.56
,500.00
1,086,357.04
112.50
5,000.00

15,865,000.00

-

-

Pennsylvania------------------South Carolina----------------South Dakota.-----------------Tennessee---------------------Texas-------------------------Virginia---------------------West Virginia---------------Wisconsin----------------------------------------

-

-

-

-

-

$7,685,000.00
2,399, 150.00
902, 000.00
28,483,600.00
1,932,500.00
74,500.00

-

O k l a h o m a ----------------------

A m o u n t withd r a w n or canceled

-

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

7.033,661.80
275,000.00
1,950.00
1,541,225. 47
469,325.47
,000.00 -----------------50,000.00 ------------------

711,000.00
34, 125.51
4, 170,731.66
44,083.24
385, 196.62
10,104.37
600,000.00
141,004. 12
60,000.00 !-----------------102,188,867. 51

12,856,004.06

-

A m o u n t dis
bursed

$7,386,781.37
1,997,486.44
813,500.00
27,397,242.96
1,932,387.50
69,500.00
8,831,338. 20
273,050.00
1,071,900.00
504,000.00
50,000.00
676,874. 49
4,126,648. 42
375,092.25
458,995.88
60,000.00
89,332,463.45

M O R T G A G E LOAN COMPANIES
Alabama----------------------------------------Arizona------------------------------------------Arkansas-----------------------------------------

California----------------------------------------Colorado----------------------------------------Connecticut-------------------------------------District of Columbia----------------------------lorida------------------------------------------Georgia------------------------------------------Idaho-------------------------------------------Illinois------------------------------------------Iowa--------------------------------------------Kansas------------------Kentucky-

-

-

-

-

-

-

-

LouisianaM ai n e- -

-

-

-

-

Maryland---------------------------------------Massachusetts-----------------------------------Michigan----------------------------------------Minnesota----------------------------------------

Mississippi---------------------------------------

Missouri-----------------------------------------Montana----------------------------------------Nebraska----------------------------------------Nevada------------------------------------------N e w Jersey--------------------------------------N e w Mexico.-------------------------------------N e w York---------------------------------------North Carolina----------------------------------North Dakota.-----------------------------------Ohio---------------------------------------------Oklahoma---------------------------------------Oregon------------------------------------------Pennsylvania------------------------------------South Dakota.-----------------------------------Tennessee---------------------------------------Texas-------------------------------------------Utah--------------------------------------------Virginia-----------------------------------------Washington.---West Virginia
Wisconsin----------------------------------------

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

$894,783.68
$271,141.11
$593,642. 57
100,000.00
100,000.00 -----------------1,683,500.00
13,268.02
1,101,331.98
69, 182,493.44
827,030.76
65,972,969. 24
,374,000.00
,903.
1,344,096. 12
1,675,000.00
250,000.00
1,359,756.62
764,532,60 -----------------764,532.60
930,408.00
95,719.61
765,888.83
1,661, 137.74
372,778.75
1,201,559. 20
2,414,000.00
44,023. 52
2,369,976. 48
5,307,069.90
401,651. 75
2,832,818. 15
2,773,550.00
2,710,550.00 !-----------------.
97,500.00
10,000.00
50,000.00
92, 500.00
42,500.00
50,000.00
6, 199,000.00
1,715,461.52
4, 111,038.48
3,200,000.00 -----------------3,200,000.00
23,383,894.00
2, 168,883,91
20, 172,672.09
12,918,500.00
980,553.41
11, 119,323.43
8,321,484.22
1,798,464.97
3,011,219.88
3, 102,500.00
,500.00
3,035,000.00
501,450.00
2,900.00 .
311,717. 56
2,239,250.00
601,777.82
1,242,022. 18
156,370.00
202.3
156,167.61
695,225.00
10,678. 56
,246.44
765,000.00 ---------13,934,000.00
4,265,890.14
8,672,911.96
209,000.00
60,000.00
149,000.00
136,682,800.00
1,506,319.85
56,590,403.30
3,269,025.00
1,659.47
2,996,375.53
65,000.00
245.00
64,755.00
39, 131,979.00
722,223.47
34, 180,210.53
4,804, 650.00
100,799.30
4,631, 150.7
1,007, 500.00
213,602.30
548,897. 70 .
4,995, 100.00
,200.00
4,222,927.77
4,076,000.00
231,252.25
3,844,737.7
13,039, 657.00
398,800.00
813. 781.00
19,062,572.24
724, 411.07
17,946, 137.03
1,285,000.00
50,000.00
1,235,000.00
1,829,030.61
166.00
868,706.36
4,410,000.00
301, 110. 11
3,646, 585.93
72,500.00
11,500.00
61,000.00
1,728,762.92
4,978.41
52, 500.00
- - - - - - - - - - - - - - - - - - - - - - - - - - -

400,035,725.35

21, 118, 157.35

265,945,060.02

CREDIT UNIONS
Massachusetts---------Michigan-------------

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Minnesota------------

N e w York--

Rhode island.

-

-

Virginia--------------Total.--------------------------------------

$54,555, 00
65,000.00
10,000.00
20,000.00
467, 446.00

5,966.80
622,967. 80

$85.00

$54,470.00
55,495.70
9,738.71
20,000.00 -----------------455, 183.00
5,966.80
9, 504. 30
231. 29
-

42, 113.59

580,854.21

RE POR T OF T H E RE CON STRU CTI ON

27

F IN AN C E CORPORATION

TABLE 6–Amount of authorizations, withdrawals or cancelations, gnd disbºrse
mentsfrom Feb.2, 1932, toJune 30, 1934, inclusive, by States–Continued
JOINT-STOCK L A N D B A N K S
Am oun t with

A mo un t author

State

Amo unt dis

d r a w n or C a n

ized

bu rsed

celed

$590,000.00
$104,576.22
$485, 188.59
3,485,000.00
342,472.72
3, 142,527. 28.
1,092,372.68
10,207.36
1,064,008.78
205,000.00 -----------------205,000.00
3,645,300.00
1,383,306.72
2,261,993.28
335,000.00
62,078.76
272,921. 24
2,150,000.00
170,012.90
1,979,987. 10
330,000.00
330,000.00 -----------------82,500.00
82,500.00 |-----------1,035,000.00
158,213.06
876,786.94
185,000.00 -----------------185,000.00
1,626,000.00
516,000.00
1,110,000.00
781,000.00
9,843.88
711, 156.12.
2,185,000.00
1, 154,535. 13
1,016,536.02
190,000.00
,000.
,000.
2,036,000.00
136,289.71
864,710.29
550,000.00
548,232.42
600,000.00
300,000.00
-

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

Arizona------------------------------------------

21, 103,172.68

-

-

-

-

-

4,537,536.46

,000.

Arkansas

$880,000.00
156,648.00
59,955.31
435,000.00
58,722.60
180,000.00
120,000.00
232, 590.74
1,000.00
116,790.30

-

Co lor ado -

-

Florida-Idaho----

-

-

Io wa -- -- --

-

Louisiana------N e w York------------North Dakota.----------Oregon-----------------------------------South Carolina

- w w w .
- * * *

- ****

Texas-------------------------------------------Washington.-------------------------------------Total-----------------------

-

,000.

e nn e ss e e- - -- - -- - -- - -- - -- - -- - -- - -- - -- - -- - -- - -- - --

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

15,196,548.06

*

****

** ** *- *- **

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

- ****

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

-

95,491.08
3,013, 103.89

6,239.95
81,931.70

89,251.13
2,931, 172.19

5,713,379.64

452,249.37

5,261,130.27

LIVESTOCK CREDIT CORPOR ATIONS

Colorado----------------------------------------Idaho---Missouri--M on ta na - -- -

-

-

N e w Mexico.
Oregon.------------------

-

-

Texas---------------------

Utah-------------------------Washington.--------------------Wyoming----------------------------------------

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

$382,850.00
$244, 400.00
$138,450.00
2,132,035. 29
101,800.00
2,030, 235.29
421,000.00
421,000.00 -----------------2,142,250.00
145,900.00
1,996,350.00
874,441.51
79,308.90
68, 191.63
270, 740.00
28,450.00
242,290.00
2,134,000.00
,980.00
2,108,020.00
3,477,443. 10
304,826, 12
3, 172,616.98
247,500.00 -----------------100,000.00
2,342, 142.95
161, 123. 19
2,181,019.76
14,424,402.85

1,512,788.21

12,737, 173.66

PRO CES SOR S O R DISTRIBUTORS W H O A R E SU BJE CT T O PROCESSING T A X E S
$567.68 -----------------------------------3,428.00 -----------------$3,428.00
487.90
$487.90 -----------------3,300.00
3,300.00 -----------------7,400.00
7,400.00 -----------------3,905.69 |-----------------3,905.69
7,000,
6,816.69
-

26,089. 27

-

-

-

-

-

-

-

-

-

-

-

-

11, 187.90

14, 150.38

28

REPORT OF T H E REC ONS TRU CTIO N

F IN AN CE CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1938, to June 30, 1934, inclusive, by States—Continued
STATE

FUNDS

CREATED

FOR T H E PURPOSE OF INSURING
DEPOSITS OF PUBLIC M O N E Y s

Amoºthor

State

REPAYMENT

A m o u n t withd r a w n or can-

OF

Anºis.
-

celed
Wisconsin----------------------------------------

$8,387,715.88 |------------------

$8,387,715.88

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

8,387,715.88 ------------------

8,387,715.88

T O T A L , SEC . 5d O F T H E

RE CON ST RU CTI ON FINANCE C OR PO RA TIO N A C T

[Loans to industrial or commercial businesses]
Iowa
Tennessee
924,500.00
TOTAL, E M E R G E N C Y

RELIEF A N D C O N S T R U C T I O N
$4,585,688.00
$299, 500.00
$4,286, 188.00
2,861,769.00
13,500.00
1,498,269.00
6,867,386.42
953,219.30
5,896, 167. 12
153,440,581.00
4,774, 171.78
61,348,536.68
,334, 520.00
,430.00
4,544,715.95
100,000.00
50,000.00
00
5,849,820. 10
1,801,692.00
1,086,566.00
63,274,444.00
6,770,042.54
2,161,130.00
9,700.00
2,151,430.00
4,412,934.00 !-----------------3,237,148.68
10,602,611.00
2,067,300.45
,362,408.15
74,955, 127.00
50,458,450.00
669,899.80
1,937,895.00
35,000.00
727, 139.73
536,230.00 -----------------334, 109.00
350,000.00
13,603.71
136,396.29
22,747,040.47
275,000.00
22,472,040.47
3,156,787.00
575,000.00
2,581,787.00
4,444,669.00
110,750.00
4,323,919.00
5,716,929.00
8,000.00
4,754,789.00
2,577,785.00
27. 615.00
2,370, 170.00
75,000.00
60,000.00
15,000.00
262,632.00 l-----------------262,632.00
1,616,603.00 -----------------1,616,603.00
5,418, 195.37
53,904.37
4,699, 291.00
5,782, 503.00
172,500.00
4,797,903.00
55, 148,000.00
5,371,344.17
38,556,655.83
7,120,473.20
604,285.50
6,483,187.70
598,768.00
1,080.00
597,688.00
20,598,005.00
508,517.72
19,703,987. 28
4,870,579.81 -----------------4,820, 597.00
3,632,915.00
10,104.20
3,572,810.80
35,563,375.00
243,062.24
35,320,312.76
1,123,590.00
1,123,500.00 -----------------4,805,770.00
81,000.00
4,694,770.00
1,908,945.00
105,000.00
1,803,945.00
11,387,352.00
4,750,000.00
5,330,825.26
12,445,505.85
1,660,650.00
9,244,854.85
3,660,739.00
651,300.00
2,975,439.00
5,625,529.80
101,000.00
4,974,964.00
9,089,278.37
18,224.80
6,584,735.20
9,833,218.00
175,000.00
21s. 00
13,784,925. 44
18,000.00
13,756,925. 44
125,000.00 ------------------|-----------------394,935.00 -----------------394,935.00
,660,000.00 -----------------1,252,000.00
-

-

Maryland.III.
Massachusetts
Michig a n

New
New
New
New

Hampshire
Jersey
Mexico
York

Oregon
Pennsylvania
Rhode Island

Virginia
W a s h ington
W e s t Virginia
Wis cons in

W y om i ng
H a w a ii

Puerto Rico

-

603, 153,484.37

79,991,675.18

405,648,086.69

o a ns :

Forfinancingexportsofagriculturalsurpluses”.
T o commodity credit corporation 2
Grand total

52,880,542.80
30,077,098.05
448,000,000.00 -----------------1,104,034,027.17

*These loans are not included in the State totals shown above.

110,068,773.23

14,595,988.41
235,772,168.69
656,016, 243.79

REPORT OF TH E RECONSTRUCTION FINANCE CORPORATION

29

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
mentsfrom Feb. 2, 1932, to June 30, 1934, inclusive, by States—Continued
SELF-LIQUIDATING PROJECTS-SEC. 201 (a), TITLE II (INCLUDING L O A N S F O R
F IN A NC I NG RE PAI R OF B U I L D I N G S D A M A G E D B Y E A R T H Q U A K E , FIRE, T O R N A D O ,
O R C Y C L O N E IN 1933)

Am oun t author-

State

-

Alabama----------------------------------------Arizona-Ar ka n sa s

California
Colorado--Connecticut.-Florida--Idaho-IllinoisIndiana
Iowa---

Kansas-Kentucky--

Maine------

Maryland-Michigan--Minnesota

MississippiMontanaNebraska-----

N e w Hampshire.-ew Jersey--------------------------------------N e w Mexico.-N e w York---------------------------------------North Carolina----------------------------------Ohio---------------------------------------------Oklahoma-Oregon------------------------------------------ennsylvania------------------------------------South Carolina----------------------------------South Dakota.-----------------------------------Tennessee---------------------------------------Texas------Utah--------------------------------------------Virginia------------------------------------------

Washington-------------------------------------West Virginia-----------------------------------Wisconsin---------------------------------------Wyoming----Puerto Rico.--------------------------------------

-

224,000.00
413,500.00
458,419.42
655,700.00
001, 530.00
100,000.00
644,930.78
41,000.00
60,000.00
7,830,723.00
833,000.00
9,700.00
1,820,000.00
1,498, 624.00
16,263,000.00
1,650,000.00
59,850.00
718,841.47
575,000.00
325,000.00
996, 140.00
207,000.00
75,000.00
250,000.00
3,308, 904.37
5,394,600.00
27, 203,000.00
1,120,473.20
625,800.00
299,982.81
734,625.00
315,000.00
230,500.00
105,000.00
100,000.00
4,273,662.85
737,300.00
2,110,225.80
3,026,318.37
3,000.00
40,000.00
125,000.00
1,300,000.00

Amount with

O F A G R I C U L T U R A L

$149,500.00
13,500.00
500,000.00
3,056,460.00
322,430.00
100,000.00 930,000.00
19,000.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,484,791.57

cºrties

$74,500.00
50,000.00
940,419.42
49,381,367.46
711,725.95

584,930.78
22,000.00
60,000.00
3, 176,250.00
3,074,473.00
60,000.00
728,000.00
9,700.00 -----------------644,214.68
904,000.00
511,624.00
43,200.00
14,430,022.80
474,244.73
-59,850.00
643,841.47
75,000.00
575,000.00 -----------------265,000.00
50,000.00
42,000.00
27,000.00 5,000.00
60,000.00
250,000.00
-----------------53,904.37
2,590,000.00
172,500.00
4,410,000.00
4,357,000.00
11,626,000.00
520,000.00
592,473, 20
397,000.00
158,300.00
250,000.00
-----------------724,625.00
10,000.00
100,000.00
215,000.00
119,500.00
81,000.00
105,000.00 |-95,851.82
-----------------1,640,650.00
1,093,012.85
52,000.00
651,300.00
101,000.00
1,459,660.00
550,000.00
-------------------------------------,000.00
----------------------------------892,000.00
------------------

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

F IN AN CIN G

A m o u n t dis
bursed

drawn
or ca n
celed

-

-

-

-

-

-

-

-

-

-

-

97,607,239.96

A N D LIVESTOCK, SEC. 201 (d)

3,703,250.00

$150,000.00 -----------------$121,780.70
453,219.30
1,717,711.78
1,885,538.22

§%
31. 3.77.
000.

;

§

#º#

2

† # §

#; ;

750.

1

100

,345

H

;:
18

º

;

i;i
,920.
78

;;

30

REPORT

OF

T H E

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to June 30, 1934, inclusive, by States—Continued
F IN A N CI N G OF A G R I C U L T U R A L C O M M O D I T I E S A N D
T I T L E II—Continued

Amount author

State

ized

Tennessee----------------------------------

-

-

-

-

-

-

Texas---VirginiaWashington
West Virginia
Wisconsin
Total---------------------------------------

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

Amount with
d r a w n or c a n

celed

A m o u n t d is
bursed

$7,912,000.00
$4,750,000.00
$1,859,621.44
219,551.00
20,000.00
199,551.00
20,000.00 -----------------20,000.00
85,530.00
,224.80
57,305. 20
175,000.00
175,000.00 -----------------1,349,563. 44
18,000.00
1,321,563.44
72,389,133.30

61,506,883.61

8,055,847. 73

las:

T o commodity credit corporation 2----------Grand total.--------------------------------

AMOUNTS MADE

CaliforniaColorado-Florida------------------------------------------- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Idaho--------------------------------------------llinois-------------------------------------------Indiana------------------------------------------o w a- -- -- -- - -- -- -- -- -- - -- -- -- -- - -- -- -- -- - -- -- -- -- -

Kansas------------------------------------------Kentucky---------------------------------------Louisiana----------------------------------------Maine-------------------------------------------Maryland---------------------------------------Michigan----------------------------------------Minnesota----------------------------------------

Missouri-----------------------------------------Montana----------------------------------------Nevada------------------------------------------N e w Hampshire---------------------------------N e w Jersey--------------------------------------N e w Mexico.--------------------------------------

-

-

-

-

-

-

-

-

-

-

-

235,772, 168.69

520,389,133.30

243,828,016.42

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

Alabama---------------------------------------ArizonaAr kans as

Mºº

448,000,000.00 ------------------

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

N e w York----------------------------------------

North Carolina----------------------------------North Dakota.-----------------------------------Ohio---------------------------------------------Oklahoma----------------------------------------

Oregon------------------------------------------Pennsylvania------------------------------------Rhode IslandS ou th Carolin
S o ut h Dakota.-Tennessee---------------------------------------Texas---------------------------------------------

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

Hawaii
Puerto Rico
Total---------------------------------------

61,506,883.61

R E L I E F — S E C . 1, T I T L E I

$4,211,688.00
1,448,259.00
4,833,967.00
10,081,631.00
3,832,990.00 –
3,886,512.00
1,745,692.00
1,026, 566.00
55,443,721.00
,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

$4,211,688.00
1,448,269.00
4,833,967.00
10,081,631.00
3,832,990.00
3,886,512.00
1,745,692.00
1,026,566.00
55,443,721.00
--5,179,931.00
2,151,430.00
2,592,934.00
6,728,987.00
8,200,127.00
252,895.00
176,380.00
21,808, 199.00
2,581,787.00

4,616,789.00
4,058,919.00
2,368,285.00
262,632.00
1,366,603.00
2,009, 291.00
387,903.00
26,600,000.00
5,950,000.00
592,768.00
19,272,205.00
4,570, 597.00
2,798,290.00
34,929,875.00
1,123,590.00
4,575,270.00

4,058,919.00
4,616,789.00
2,368,285.00
262,632.00
1,365,603.00
2,009,291.00
387,903.00
26,600,000.00
5,950,000.00
592,768.00
19,257,205.00
4,570, 597.00
2,798,290.00
34,929,875.00
1,123,590.00
4,575,270.00
1,803,945.00
3,375,352.00
7,952, 291.00
2,923,439.00
3,495,304.00
5,977,430.00
9,655,218.00
12,395,362.00
394,935.00
360,000.00

1,803, 945, 00

3,375, 352.00
7,952,292.00
2,923,439.00
3,495, 304.00
5,977,430.00
9,655,218.00
12,395,362.00
394,935.00
360,000.00
300,000,000.00 ------------------

T O T A L , A C T A P P R O V E D M A R . 9, 1933, A S A M E N D E D
Alabama--------------------Arizona---------------

$52,125.00

530,000.00
8,450, 125.00
102,500.00
*These loans are not included in the State totals shown above.

299,984, 999.00

REPORT OF THE RECONSTRUCTION FINANCE CORPORATION

31

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
mentsfrom Feb. 2, 1932, to June 30, 1934, inclusive, by States–Continued
TOTAL, A C T A P P R O V E D M A R. 9, 1933, AS AMENDED–Continued

Amount author-

State

1z

$7,954,800.00
2,630,000.00
1 17,700,000.00

Connecticut.--D el aw ar e

District of Columbia__

1,394,500.00

Florida--

Georgia

-

-

5,595,000.00
1,810,000.00

-

Idaho--

91,534,500.00
16,525,000.00
11,433,000.00
4,565,500.00
10,055,000.00

IllinoisIndiana-Iowa--Kansa s----

Kentucky--Louisiana---

000.00

9,

10,515,000.00

Maine------------------Maryland
Massachusetts-----------------Michigan

9,

Minnesota

Mississippi-Missouri----

Montana----------------------------------------Nebraska----------------------------------------Nevada------------------------------------------N e w Hampshire--------------------------------

New Jersey---------------------------------------|
N e w Mexico.-------------------------

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

New York----------------------------------------,

North Carolina---------------------------------North Dakota--------------------Ohio-------------------------------

000, 00

18,605,000.00
38.641,000.00
17,076, 100.00
s,590,500.00
23,701,000.00
3.658,000.00
8,484,200.00

celed

$316, 804.00
2,000,000.00
2,050,000.00
41,000, 00
790,000.00
180,000.00
1,684,833.33
693,000.00
195,000.00
85,000.00
1.391,650.00
150,000.00
400,000.00
800,000.00
1,928, 550.00

1,264,284.00

255,000. 00
610,000.00
1,853,000.00
10,000.00
650,000, 00
180,000.00 -- ---------------

1,338,000.00
44,888,000.00
952,500.00
330,525,500.00
7,405,000.00
4,107,000.00
82,156,500.00
10,658,500.00
1,990,000.00
43,670,700.00
800,000.00

2,204,300.00
4,404,900.00
11,096,600.00
32,961, 750.00
4,265,000.
14,795,000.00
11.633,000.00
6, 136,500.00
5, 131,000, 00
21,568,000 (0
1.445,000.00
37, 500.00
1,500,000.00
125,000.00
Total.-------------------------------------- 1,047, 658,620.00

LOANS O N

Amount with
d r a w n or can-

100,000.00
1,955, 038, 75
25,000.00

7,s
º
200,000.00

139,000.00
4,814,492.00
500.00
80,000.00
1,334,436.00
200,000.00
115,000.00
66,000.00
45,000.00
1,063,000.00
300,000.00
-----------------763,250.00
782, 500.00
185,000.00
1,650, 900.00
50,000.00

Anº.*
urser

$5,752, 996.00
520,000.00
15,250,000.00
998, 500.00
4.330,500.00
1,575,000.00
86,255,656.67
13,212,000.00
8, 655,500.00
3,690,500.00
6,793,350.00
8,801,000.00
4,325,000.00
6,325,000.00
13,451,450.00
32,473, 576.00
15,279,500.00
7,350,500.00
18,785, 500.00
2,528,000.00

7,242,000.00
150,000.00
298,000.00

27,183,711.25
590,000.00

250,662,455.00
5,220,000.00
3,299,000.00
68,852,008.00
8,648, 000.00

1,527,500.00
25,002,864.00
350,000.00

1,994,300.00
4,019,000.00
8, 234, 100.00
26,743,750.00
3,965,000.00
13, 970,000.00
8,355,750.00
3,767,000.00
4,361,000.00

15,117, 100.00

895,000.00
37.500.00
1,250,000.00
125,000.00 ------------------

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

000.00

48,637,033.08

817,302.776.. 92

P R E F E R R E D ST OCK OF B A NK S A N D TR UST CO MPANI ES

Alabama

Arizona-A rk a n sa s

California.
Connecticu
Florida

Georgia
I d a ho
Illino
Iowa

Kansa
Maine------Massachusett
Michigan
Minneso
MissouriNebraska
N e w Jerse
N e w York----North Carolina-----------------------------------

$3,095,600.00
$7,025.00
$3,073,575.00
50,000.00 -----------------------------------434, 500.00 -----------------22,500.00
3,550,750.00
539,750.00
3,011,000.00
309,800.00
160,000.00
149,800.00
200,000.00
1,000.00
199,000.00
25,000.00
100,000.00
12,500.00
50,000.00
25,000.00
390,000.00
330,000.00
400,000.00
1,033, 100.00
1,548,000.00
2,631,700.00
6,278,000.00
1,080,500.00
275,000.00

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

32

REPORT OF THE RECONSTRUCTION FINANCE CORPORATION

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

ments from Feb. 2, 1932, to June 30, 1934, inclusive, by States–Continued
L O A N S O N P R E F E R R E D S T O C K O F B A N K S A N D T R U S T C OM P A N I ES - C o n ti n u e d

Amoufl.Author Adm oru nºt w i t h

State

cara-

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

-

-

-

Texas-------------------------

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

-

-

-

-

-

-

-

-

-

-

dis

$20,000.00
791,000.00
234,400.00
4,900.00
5,100,000.00
351,250.00
20,000.00
500,000.00
200,000.00 |.
78,000.00
115,000.00

Oklahoma--------------

Pennsylvania------------South Dakota.-------------Tennessee------------------

Anº

-

-

29,234,000.00

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

3,723,395.00

22,292, 755.00

SUBSCRIPTIONS F O R P R E F E R R E D S T O C K OF B A N K S A N D T R U S T C O M P A N I E S
Alabama----------------------------------------Arizona-----------------------Arkansas----------------------California---------------------Colorado------------------------Connecticut---------------------Delaware------------------------District of Columbia-Florida.-Georgia
Idaho-

Illinois--------------------------Indiana---------------------------Iowa--------------------------------Kansas------------------------------Kentucky---------------------------ouisiana--aime----------------------------------

Maryland-----------------------------Massachusetts-------------------------Michigan-----Minnesota.-Mississippi----------------------------Missouri--------------------------------Montana-----Nebraska--------------------------------Nevada- ------N e w Hampshire---------------------------N e w Jersey------------------------------N e w Mexico.-----------------------------N e w York-------------------------------North Carolina----------------------------North Dakota
hio-------Oklahoma----Oregon-------Pennsylvania-Rhode Island--South Carolina-South Dakota. -Tennessee-------

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Texas---------

Utah---Vermont-Virginia-----Washington.----West Virginia--Wisconsin-------

Wyoming------Alaska----------Puerto Rico.-----

Virgin Islands--------------------

$11,350,100.00
300,000.00
4,331,000.00
48,697,320.00
4,635,000.00
7,645,000.00
140,000.00
115,900,000.00
1, 194,500.00
2,292,500.00
1,710,000.00
|
83,266,000.00
7,290,000.00
11,383,000.00
4,540, 500.00
10,055,000.00
4,350,000.00
7,760,000.00
2,240,000.00
18,275,000.00
37, 541,000.00
12,368,000.00
2,210,000.00
9,423,500.00
3,066,000.00
5,852, 500.00
180,000, 00
1,338,000.00
38,310,000.00
952, 500.00
116, 150,000.00
7,130,000.00
2, 123,000.00
21,942, 500.00
|
9,867, 500.00
890, 000.00
43,436,300.00
800,000.00
1,040,000, 00
2,918,000.00
5,996,600.00
i
23,477, 500.00
1,575,000.00
7,770,000.00
11,613,000.00
2,080,000.00
2,090,000.00
|
3,812, 500.00
|
1,330,000.00
37,500.00
250,000.00
125,000.00

$45,100.00
-----------------580,000.00
7,910,375.00
102,500.00
156,804.00
-----------------2,050,000.00
40,000.00
750,000.00
180,000.00
549,833.33
69,000.00
195,000.00
85,000.00
1,391,650.00
50,000.00
400,000.00
800,000.00
1,928,550.00
1,264, 284.00
125,000.00
50,000.00
162,500.00
-----------------512,500.00
------------------|
100,000.00
930, 418.75
,000.00
5,325, 045.00

-

|
-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

|

$10,820,000.00
,000.00
3,127, 500.00
38,744, 625.00
4,075,000.00
5,603, 196.00
115,000.00
113,450,000.00
799, 500.00
1,275,000.00
1,475,000.00
80,354,666.67
5,903, 500.00
8,655, 500.00
3,665, 500.00
6,793,350.00
3,975,000.00
4, 110,000.00
1,000,000.00
13, 121,450.00
31,373,576.00
10,880, 500.00
1,530,000.00
8,432,000.00
1,946,000.00
5,005, 000.00
150,000.00
298,000.00
22,639, 58.1.25
590,000.00
104,867, 455.00
000.00
4,945,000.00
1,
000. tro
15, 110, 508.00
8,137,500.00
572, 500.00
24,987,864.00
350,000.00
970,000.00
2,695,000.00
3,234, 100.00
19,482,500.00
1,325,000.00
6,945,000.00
8,340, 750.00
977, 500.00
1,570,000.00
1,321,600.00
780,000.00
37,500.00
250,000.00 -----------------125,000.00 ------------------

—

625,050,820.00

º

498,518,221.92

1Includes $10,000,000authorized and disbursed tothe
Bank ofWashington, and $2.500.
000 authorized and disbursed to the Second Export-Import Bank of Washington, D. C.

REPORT OF TH E RECONSTRUCTION FINANCE CORPORATION

33

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to June 30, 1934, inclusive, by States–Continued
PURCHASES OF CAPITAL NO TES OR

DEBEN TURES OF BANKS A N D TRUST

C O M P A N I E S

Amount with

State

Amount author-

draw,º

$840,000.00
5,000,000.00
2,490,000.00
1,800,000.00
3,277,500.00
8,256,000.00
9,235,000.00
5,406,000.00
2,365,000.00
6,845,000.00
. 700,000.00
3,675,000.00
000.00
6,380,500.00
560,000.00
12,729,500.00
142,500.00
592,000.00
10,000.00
300,000.00 –
213,295,000.00
2,535,000.00
1,964,000.00
139,000.00
60,214,000.00
3,702,500.00
1,100,000.00
55,000.00
1,164,300.00
45,000.00
1,482,000.00
41,000.00
9,133,000.00
313,000.00
2,690,000.00
50,000.00
7,025,000.00 -----------------3,556,500.00
250,000.00
2,841,000.00
150,000.00
17,677,500.00
1,102,500.00
1,250,000.00 ------------------

$840,000.00
5,000,000.00
405,000.00
1,800,000.00
3,030,500.00
5,901, 000.00
7,308,500.00
4,826,000.00
215,000.00
5,325,000.00
700,000.00
3,370,000.00
5,820,500.00
10,353,500.00
582,000.00
300,000.00
145,525,000.00
1,419,000.00
53,741, 500.00
955,000.00
1,024,300.00
1,324,000.00
7,210,000.00
2,640,000.00
7,025,000.00
2,289, 500.00
2,591,000.00
13,720,500.00
1,250,000.00

393,373,800.00

296,491,800.00

-

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

ursed

ca n-

-

-

-

-

-

-

-

-

-

-

-

-

13,124,500.00

T O T A L , E M E R G E N C Y F A R M M O R T G A G E A C T O F 1933
[Drainage, levee, and irrigation districts, sec.36, title II]

º

2, 292,
South Dakota
Tennessee-Texas
Utah.

Virginia---

Washington.
Wisconsin--------

Wyoming----------

:
7,

.:

f

387
-

749,315.31

4,636,392.17

34

REPORT

OF

T H E

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to June 30, 1934, inclusive, by States–Continued
T O T A L , A C T A P P R O V E D J U N E 10, 1933

[Loans on preferred stock ofinsurance companies]

Amount
author
ized

State
-

Maryland-----------------------Michigan-------------Missouri-----N e w York----Total.--------------------

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amount with
d r a w n or c a n

A mo u nt dis

celed

bursed

$12,350,000.00
$12,350,000.00
3,375,000.00
3,375,000.00
150,000.00
150,000.00
3,500,000.00 ------------------------------------

-----------| 19,375,000.00 ------------------

15,875,000.00

ToTAL, ACT APPRoved APR. 13,1934
[Loan for financing repair of property damaged by earthquake, or flood in 1933, or in January and
February of 1934

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts out
standing from Feb. 2, 1932, to June 30, 1934, inclusive, by months and classes
GRAND TOTAL

Amoºthor Anºis.

A mo un t out

-

M on t h

$91,601,057.00
142,333,075.06
228,771,667.33
199,450,025. 39
388,254, 246.63
170,934,728.59
189,068, 106.31
138,480,782.93
162,373,944.36
96,598,980.32
128,510,058.65
Total.------------------ 1,936,376,672.57

$70,868,417. 52
121,477,890.49
155,543,323.23
158,983, 559. 12
298,276,816.59
171, 149,931.86
146, 180,913.71
72, 120,713.91
137,623,749.68
61,020, 558.96
131,501,263.75
1,524,747, 138.82

A mou nt repaid

$18,845.00
8,873,883. 30
7,009,080. 50
16,440,727. 23
48,684,900.92
34,615, 181.07
35,232,968.30
44,903, 158.06
47,565,316. 28
27,180,977.04
29,423,415.68
299,948,453.38

standing; increase
for the period

$70,849, 572. 52
112,604,007. 19
148,534,242.73
142, 542,831.89
249,591,915.67
136,534,750.79
110,947,945.41
27,217,555.85
90,058,433.40
33,839,581. 92
102,077,848. 07
1,224,798,685. 44

1933

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

142,844,447.43
283, 171,473.85
217,732,207.45
April
162,528,594.61
May------------------------141,981,250.47
June------------------------154,047,880.32
July------------------------201,024,785.36
August---------------------57,792,381.18
September------------------144,791,443.05
ctober---------------------519,638,597.97
November------------------- •377,237,724.85
December-----------------2480,000, 403.05
Total.-----------_{22,782,791, 189.59

117,995, 293.92
199,499,330.83
179,533,134.72
117,500,398.87
195,805,854.81
123,677, 183.75
115,339,396.98
83, 128,537.43
39,271,516.7
48,646,412.75
186,473,215.08
369,537, 593.42
1,776,407,869. 35

2 409,789, 417.72
* 133,345,792.29
*201,809,803.13
*744, 945,013. 14

343,781,651. 19
138,228,573.21
174,702,514.43
656, 712,738.83

286.331,702.50
#82,759,365.91
291,319,812.66
a260,410,881.07

2257, 449,948.69
255,469,207. 30
*83,382,701.77
2396.301,857.76

105,762,272.66
118,533,438.78
4266,343, 140.33

137, 503,338.54
100,482,025. 14
205, 212,503.38

91, 135,370. 11
67,080,932,97
$56,219,924.37

46,367,968.43
33,401,092.17
148,992, 579.01

-

-

-

-

-

32,452,828. 29
85, 542,465.63
35,971,603. 16
163,527,727.67
55,813,566.83
123,719,567.89
40,213,996.05
77,286,402.82
,800,209.06
149,005,645.75
94,656,029.32
29,021, 154.43
113,000, 506.08
2,338,890.90
73,535,212.46
9,593,324.97
61,734,251.55
322,462,734.76
*69,713, 146.45
2&21,066,733.70
251, 203, 160.33
a 135,270,054.75
267,576, 777.88
2301,960,815.54
2742,671,287.46 a1,033,736,581.89

Total, second quarter--

490,638,851. 77

443, 197, 867.06

* 214,436,227.45

228,761,639.61

G r a n d total.------------

5,954,751,727.07

4,401,065,614.06

31,517,466,849.36

2,883,598, 764. 70

See footnotes on p. 48.

REPORT OF T HE REConstruction FINANCE CORPORATION
TABLE 7.-Amount of authorizations, disbursements, repayments

and

3.5

a mo un ts

o
utstanding from Feb. 2, 1932, to June 30, 1934, inclusive, by months
classes—Continued

and

T O T A L SE CTI ON 5, R E C O N S T R U C T I O N F I N A NC E C O R P O R A T I O N ACT, AS A M E N D E D ,

Amoºthor Anºis.

A mou nt out

-

M o nt h

Arhount repaid

standing; increase
for the period

1932

$70,868,417. 52
121,477,890.49
155,543,323.23
158,983, 559. 12
298,276,816.59
171, 149,931.86
142,233,029.71
61,909,014. 16
120,353,360. 16
39,367,417.87
87,440,361.93

$18,845.00
8,873,883.30
7,000,080. 50
16,440,727.23
48,684,900. 92
34,615, 181.07
35,232,968.30
44,903, 158.06
47,563,281.73
27, 177,436.04
29,313,534.28

$70,849,572.52
112,604,007. 19
148,534,242.73
142,542,831.89
249,591,915.67
136,534,750.79
107,000,061.41
17,005,856. 10
72,790,078.43
12, 189,981.83
58, 126,827.65

Total.------------------ 1,623,332,344.44 || 1,427,603, 122.64

299,832,996.43

1, 127,770, 126.21

February-------------------March----------------------April----------------------May--

June-July--August---September-----------------October ---November

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

$91,601,057.00
142,333,075.06
228,771,667.33
199,450,025. 39
388,254, 246.63
167,934,728.59
125,136,437.31
65,352,280.71
59,371, 561.73
73,659,796.72
81,467,467.97

1933

84,182, 129.23
209,735,830.65
155,329,303.10
100,727,623.93
111,284,726.83
120,001,798.76
133,113,288. 14
50,602,085.60
*38,383,943.05
234,808,928. 52
* 133,849,224.85
* 158,575,029.42

75,183,421.58
159,688, 523.62
122,840,052.22
62,758,894.98
135,626,841.22
99, 193,850.52
95,895,674.09
69,438,406. 13
25,086,394.18
37, 194,685.39
105,441,763.45
168,594, 158.96

32,308,547.15
35,910,843.56
55,687,000. 79
40, 103,725.68
46,258,651.69
94,303,490.41
112,822,773.
72,799, 529.39
61, 116,379.75
*69,532,420.94
250,016,520.06
*63,733,126.65

42,874,874.43
123,777,680.06
67,153,051.43
22,655, 169.30
89,368, 189.53
4,890,360. 11
*16,927,098.99
33,361,123.26
336,029,985.57
*3:32,337,735. 55
*55,425,243.39
* 104,861,032.31

Total.------------------ * 1,530,593,912.08

1,156,942,666.34

*734,593,009. 15

2422,349,657. 19

*94,457,022.32
*50,740,634.93
-82,085,376.38

119,658,387.83
51,266,401.56
17,583,575.76

*85,084, 587.84
274,619,942. 51
*80,257, 594.83

234,573,799.99
*323,353, 540.95
as 62,674,019. 07

*227,283,033.63

188,508, 365.15

*239,962, 125.18

** 51,453,760.03

69,928,853.91
57,896,962.68
*218,315,085.39

50,594,695. 21
37, 556, 112.69
42,730, 239. 15

83,897, 150.27
63,991,440.39
*45,467,439.00

*33,302,455.06
326,435,327.70
s2,737, 199.85

January---------February

March

April
May------------------------'une------------------------'uly------------------------August----------------------September------------------October---------------------November------------------December--1934

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

FebruaryMarch. ----------------------

Total, second quarter--

346, 140,901.98

130,881,047.05

*193,356,029.66

*62,474,982.61

Grand total.------------ 3,727,350, 192.13

2,903,935, 201. 18

*1,467, 744, 160.42

1,436, 191,040.76

BANKS A N D T RU S T Co

M P A N I
F º RECEIVERS,
CONSERVATORS)

LIQUIDATING A G E N T S

-

$44,625,300.00
108,751, 135.06
152, 103,931.93
113, 117,970.34
219,786,560.56
97, 265,633.42
87,776,078. 12
29,951,680.23
21,802,702.58
23,249,644.02
51,006,363.83
949,437,000.00

$39,546. 160.52
85,870,980.49
112, 153,001.36
108, 192,844.29
151,624,949.99
104, 166,283.74
77,635,909.68
27,401,650.02
80, 746,257.61
20,420,708.99
43, 102,313.33
850,861,060.02

$18,845.00
7,651,531.30
6,889,778.45
12,585,480.24
45,346,776.63
28,200,745.53
31,301, 194.49
40,413, 591.02
40,317,817.54
22,466,223.72
21,057,389.14
256,249,373.06

$39,527,315.52
78,219,449. 19
105,263,222.91
95,607,364.05
106,278, 173.36
75,965, 538.21
46,334, 715. 19
* 13,011, 941.00
40,428,440.07
32,045,514.73
22,044,924. 19
594,611, 686.96

56, 133,284.40
132,422,465.58

43,125,290.40
78,112,411.70
62,900,655.93
23,914,051.40
87,947,700.34
12,034,738.64
66,053,436.74
52,493, 748.50
15,610,326.79
15,030,459.24
50,296,831.40
71, 174,894.58
578, 694,545.66

26,006,824.40
20,684,701.71
40,733,012.09
28,431,486.93
37,888,316.40
75,139,370.23
67,871, 161.50
35,298,974.45
27,515,419.22
230,763, 169.21
225,417,090.99
246, 126, 511.29
2.461,876,038.42

17,118,466.00
57,427, 709.99
22, 167,643.84
a4,517,435.53
50,059,383.94
a63, 104,631.59
* 1,817,724.76
17,194,774.05
* 11,905,092.43

98.543,748.61
63,489,853.51
55,456,202.42
38,949,096.07
100,595,536.74
33,461,223.34
-21,620,010.53

1850,373,214.05
Seefootnoteson p.48.

*24,879,740.41
•25,048, 383.29
2 116,818, 507.24

36

REPORT

OF

T H E

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1982, to June 30, 1984, inclusive, by months and
classes—Continued
BANKS A N D TRUST

comesN I E S
ND

(INCLUDING RECEIVERS, LIQUI DATING A G E N T S
C O NS E R V A T O RS ) — C o n t in u e d

-

M on th

BUILDING A N D
1932

March----------------------April-------------------------

Amount out

A m o u n t aut hor
ized 1

Am oun t dis
bursed

*$52,667, 508.46
240,452, 849.06
*52,749,038.07

$52,170, 810.41
38,811,076.75
12,679,248.46

*$62,973,025.01 2*$10,802,214.60
248,975,813.38
** 10,164,736.63
*51,968,055.76 || 2-39,288,807.30

* 145,869,395.59

103,661, 135.62

a163,916,894. 15

a360,255,758. 53

47,781,511.68
32,795, 580. 10
19,368,773.90

19,698,861.31
28,441,484.52
25,213,830.72

50,404,811.08
42,839,721. 22
*32,376,853. 16

$30,705,949.77
*14,398,236.70
* 7, 163,022.44

Am ou nt repaid

standing; increase
for the period

99,945,865.68

73,354,176. 55

* 125,621,385.46

*52,267,208.91

2,045,625,475.41

1,606, 570,917.85

* 1,007,663,691.09

598,907,226.76

L O A N ASSOCIATIONS (INCLUDING RECEIVERS)

-

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

2,430,500.00 -------------------10, 170, 186.68
$58,642.06
19,624,016. 39
409,878.87
9,823,631. 19
535,840.65
16,577,471. 48
1,205,474.10
12, 180,063. 17
1,561,404.87
9,435, 115.28
1,253, 188.31
5,080,954.91
1,376,330. 52
3,830,807.59
1,618,781.05
4,710,367.98
1,596,899.64

$2,430, 500.00
10, 111,544.62
19,214, 137.52
9,287,790. 54
15,371,997.38
10,618,658.30
8,181,926.97
3,704, 624.39
2,212,026. 54
3, 113,468.34

99,696,044. 75

93,863,114.67

9,616,440.07

84,246,674.60

4,294,724.89
2,849,559.28
3,219,307.24
1,691,000.00
1,841,231.87
1,804,847. 24
266,781.25
892,449.04
281,490. 54
2,096,059.51
443,016.68
2, 135,000.00

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

2,288, 507. 52
2,080,445.27
2,606, 799.34
4,017,879.50
3, 135, 193.43
3,436,823.04
2,476,046.91
3, 197,886.04
3,133,402.11
4,355,972. 33
3,523,903. 39
2,943,778.21

1,124, 164.95
2,012,779.33
*909, 519.68
* 1,642,624. 26
* 1,246,224. 98
* 1,694,998. 18
* 1,751,899. 90
* 2,083,655.69
*2,811,984.46
* 3,824,631.41
* 3,251,488.81
* 1,929, 113.92

21,815,467. 54

19, 187,440.08

37, 196,637.09

* 18,009, 197.01

17,606.85
80,000.00
64,000.00

924,203.45
43,161.85
71,317.92

24,342,150.30
3,310, 550. 16
*4,398,506.81

** 3,417,946.85
*3,267, 388.31
*34,327, 188.89

Total, first quarter-----

161,606. 85

1,038,683. 22

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

265,000.00
36,000.00
500,000.00

42,815. 10
258,219.08
30,551.50

5,298,844.38
5,742, 590.91
*4,073, 552.80

* 5,256,029.28
* 5,484,371.83
* 4,043,001.30

*y-------------------------

June------------------------July-------------------------August----------------------September------------------October---------------------November------------------December-------------------Total.-----------------1933

January---------------------February-------------------March----------------------April------------------------*W-------------------------

June------------------------July-------------------------August----------------------September------------------ctober---------------------November------------------December-------------------Total------------------1934

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

By-------------------------

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

*12,051, 207.27 | ** 11,012, 524.05

Total, second quarter--

801,000.00

331,585. 68

* 15, 114,988.09

* 14,783, 402.41

G r a n d total.------------

122,474,119. 14

114,420, 823.65

* 73,979,272.52

40, 441, 551.13

See footnotes on p. 48.

REPORT OF THE RECONSTRUCTION FINANCE CORPORATION

37

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to June 30, 1934, inclusive, by months and
classes—Continued
INSURANCE COMPANIES

M on t h

-

A m o u n t authorized I

A m o u n t disbursed

standing; increase
for the period

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

$6,635,920.00
4,141,250.00
8,514, 225.00
26,719,243.83
4,069,749.49
4,661,210.41
4,691,720.37
1,625,444.01
1,665,828.78
5,313,027.03

$74,400.00
17,991.37
378, 115.24
99,965. 64
409, 111.04
296,009.
924,791.50
964,884. 50
695, 473.62
1,727,995.92

$6,561, 520.00
4,123,258.63
8, 136, 109.76
26,619,278.19
3,660,638.45
4,365,200.72
3,766,928.87
660,559.51
970,355, 16
3,585,031.11

83,048,931.66

68,037,618.92

5,588,738.52

62,448,880.40

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

976, 151.99
407,252. 19
9,514,589.21
1,678,000.00
2,256,149.25
947,098.39
964,476. 50
1,238,304.75
535,000.00
382,000.00
355,888.94
389, 503.38

522,669.22
249, 134.17
315,230.93
1,453,255.23
960,955.02
4,627,689. 07
3,040,046.40
1,019,754.86
1,032,068. 17
702,310. 55
2,858,270.26
4,382.351. 13

158, 118.02
9, 199,358.28
224,744. 77
1,295,194.23
33,680, 590.68
*2,075,569. 90
218,549.89
3.497,068.17
3320,310, 55
32, 502,381.32
*3,992,847.75

17,479,935.85

19,644,414.60

21, 163,735.01

* 1,519,320.41.

240,000.00
730,000.00
672,000.00

237,425.80
668, 104.13
719, 100.

4,897, 331.31
22,878,747. 39
*3,224,029.44

34,659, 905.51
2 &2,210,643.26
2*2,504,929.44

1,642,000.00

1,624,629.93

* 11,000, 108.14

2*9,375, 478.21

20,095. 14
5,704.86

13,323,826.10
2,857,802.42
*649, 947.88

* 13,303,730.96
* 2,852,097.56
*649,947.88

-

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

Amount out

A mou nt repaid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

453, 482. 77

18,000.00

25,800.00

* 16,831, 576.40

* 16,805,776.40

102,188,867. 51

89,332,463.45

*54,584, 158.07

34,748,305.38

MORTGAGE

LOAN

COMPANIES

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

$1,277,000.00
7,857,925.08
5,177,732.43
52,324,954.74
7,782,289.38
3, 184,891.92
2,951,205.21
3,222,581.36
2,023,729.34
2,620,710.93

$38,159.93
209,644.67
353,976.95
1,550,425.82
1,426,741.85
1,470,665.63
2,018,482.23
1,317,632.34
2,936,546.08

$1,277,000.00
7,819,765.15
4,968,087.76
51,970,977.79
6,231,863.56
1,758, 150.07
1,480,539.58
1,204,099.13
706,097.00
*315,835.15

93,894,402.61

88,423,020.39

11,322,275.50

77,100,744.89

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

4, 127,585.40
32,031,442.60
4,308, 125.25
520,010.92
727,724.48
46,197,567.68
1,432,403, 59
7,057,961.93
1,262,939.98
4,155,303.46
5,160,440.27
19,060, 168.51

1,703,231.44
1,683,530.66
767,237.17
3,572, 560.70
770,726.77
946,493.45
1,846,684.17
3,795,422.98
2,307,788.41
4,832,302.50
1,620,207.40
1,446, 509.45

2,424,353.96
30, 347,911.94
3,540,888.08
*3,052,558.78
343,002.29
45,251,074.23
a414,280.58
3,262,538.95
a 1,044,848.43
3676, 999.04
3,540,232.87
17,613,659.06

234,417,845. 44

126,041,674.07

25,292,704. 10

100,748,969.97

-

1933

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

Seefootnotes on p. 48.

38

REPORT

OF

T H E

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to June 30, 1934, inclusive, by months and
classes—Continued
MORTGAGE

LOAN

A m o u n t author

Mo nth

ized 1

CO M P AN I ES - Co n ti n ue d

A m o u n t dis
bursed

$4,204, 231.72
3, 169,528.92
*25,793,984.92

Amount out

A mou nt repaid

standing; increase
for the period

$5,791, 110.00
1,016,365.20
759, 553.54

-$4,697,383.04
* 12,644,510.49
26,977,920.26

*$1,093, 726.96
23 11,628, 145.29
2*6,218,366.72

233, 167,745.56

7,567,028.74

224,319,813.79

2* 16.752,785.05

12,394,596.66
22,336,091.48
3,825,043.60

29,718,319.71

26,376,745.98

5,599,873.49

3,341,573.73
5,200,062. 31
4,318,776.43

,1

3,395,081.31
1,281,097.06

Total, second quarter---

38, 555,731. 74

43,913,336.82

* 12,860,412.47

31,052,924.35

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

400,035, 725.35

265,945,060.02

*73,795, 205.86

192,149,854. 16

CR E DI T

UN ION S

1932

May------------------------June-------July------August-----September. --October----November---Tecember.-------------------

$350,000.00
55,000.00

$338,437.00 !-------------------29, 290.00
$3,393.00

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

472, 446.00

440,098.00

9. 555.00

9, 555.00

5

.00

275.00

1,235.00
650.00

25,897.00

5,350.00
* 1,235.00

895.00

3650. do
31, 150.00
65, 506.00
* 895. tºo

8,838.00

431,250.00

305.00

9,250.00
* 1,875.00
32, 140.00

1,150.00
1,240.00

-

$338,437.00

1933

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

§.

1,875.00
2,140.00

a y ----- -June----------

1,095.00
1,150.00

July----------------------------------------------------------August-----------------------------------------|-----------------September---10,000.00
9,738.71
October---------------------------------------------------------November-------------------------------------------------------4,000.00
4,000.00
December-------------

1,214.80

-

-

-

-

-

-

-

-

545.00

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

148, 555.00

138,789.41

841.83
941. 40

31,095.00
* 1,150.00
114,950.70
a 1,214.80
* 841.83

17,668.65

8,797.31
* 18,594.53
* 11, 179.99
* 13,658.65

57,551.20

81,238.21

12,707.44
1,182.22
*5,594.39

a 1, 182.22
*> 5,594. 39

2 19,484.05

** 19,484.05

4,703.20
6,736.17
50,240.15

*4,703. 20
s4,769. 37
*50,240.15

18,594.53
11, 179.99

1934

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

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

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

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

-

-

s 12.707. 4 4

Total, second quarter---

1,966.80

1,966.80

*61,679.52

359,712.72

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

622,967. 80

580,854.21

* 147,552.77

433,301.44

1932

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

November---mber--------------------

Total.---

See footnotes on p. 48.

$9,000,000.00
3,000,000.00 -------------------------------------------------------2,450,000, 00
2,850,000.00
1,500,000.00
2,700,000.00
18,500,000.00

REPORT OF T H E RECONSTRUCTION

F IN ANC E CORPORATION

39

TABLE 7-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to June 30, 1934, inlcusive, by months and
classes—Continued

F E D E R A L L A N D BANKS.–Continued

-

M o nt h

Amoºthor Amº s.
-

-

|

Am oun t out

-

Am oun t repaid

standing; increase
for the period
$300,000.00

*193,618,000.00
Total, second quarter--

* 193,618,000.00

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

*399,636,000.00

193,618,000.00 --------------------

193,618,000.00

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

-

-

-

-

-

-

-

-

-

-

$775,000.00 --------------------------------------|-----------------$724,877. 11 ||-------------------$724,877. 11
190,000.00
5,000.00
$21,031.06
3 16,031.06
305,000.00
134,339.47
2,989.50
131,349.97
150,000.00
286,592.54
518.90
286,073.64
,000.00
128,382.45
5,843.00
122,539.45
576,000.00
16,617.55
1,578.42
15,039.13
595,000.00
168, 102.43
11,416.90
156,685.53
2,126,000.00
447,215.54
11,385.04
435,830.50
1,525,000.00
616,718.53
7,781.50
608,937.03
-

-

-

-

-

-

-

-

-

-

-

-

-

6,297,000.00

2,527,845.62

62,544.32

2,465, 301.30

676,000.00
1,083,822.68
3,236,000.00
2,270,850.00
900,000.00
3,130,000.00
124,500.00

153,352.93
2,216,010.83
25,764.41
1,539,453.87
824, 170.65
258,000.00
852,097.99
1,300,383.90
703, 170.07
1,705,290.08
1,617,964.83

6,942.54
3,091.95
7,149.82
32,041.07
39,710.48
44,078.94
46,454.79
62,065.08
79,536.90
46,200.63
142,172.67
235,092.30

146,410.39
2,212,918.88
418,614.59
1,507,412.80
784,460. 17
213,921.06
805,643. 20
1,238,318.82
623,633. 17
1,659,089.45
1,475,792. 16

744,537.17

11,675,736.97

752,526.68
478,487.62
22,038,593.69

* 522,761. 40
*459,824.60
2*2,038,593.69

23,269,607.99

as 3,021, 179.69

523,437. 61

428,024.35
*860,857.81

3523,437.61
3428,024.35
3860,857.81

$ 1,812,319.77

* 1,812,319.77

*5,889,009.25

9,307.538.81

-

-

-

-

-

-

-

-

-

-

-

-

-

000.00
000.00

. 58

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

See footnotes on p. 48.

21.103,172.68

15, 196.548.06

,522.28

40

REPORT

OF

T H E

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 7-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to June 30, 1984, inclusive, by months and

classes—Continued
FEDE RAL INTERMEDIATE CREDIT BANKS
A m o u n t author-

Month

A m o u n t disursed

ized 1

$9,250,000.00
9,250,000.00
9,250,000.00

:

Amount out

| Am oun t repaid
-

standing;
increase
for the period
-

$9,250,000.00

$9,250,000.00

9,250,000.00

9,250,000.00

9,250,000.00

9,250,000.00 |------------------

AGRICULTURAL CREDIT CORPORATIONS

$21,200.00
84,802.05
216,438. 07
444,783.85
594,021.62
702, 129.04
1,194,785, 15
135,809. 15
225,882.0.

$1,000.00 -------------------20,200.00 -------------------18,650, 00
$600.00
246,515.87
2,186, 90
400,621.07
2,647. 41
534, 151.82
7,613.68
539,074. 94
74. 450. 98
1,206,884. 22
356,814.61
276,909. 98
352,082.06
212,619.43
285,914.76

3,619,850.98

3,456,627.33

1,082,310.40

2,374,316.93

101,252. 10
240,000.00
442,904.36
20,825.00
163,077.91
201,022.01
197,866.93

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
1,729,011. 24

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
,005.60
177,306.41
303, 275.79
2,412,027.46

$51,878.01
* 164,500.37
69,371.33
194,971.25
37, 475. 09
$3,211.90
25, 144, 22
*2,260. 12
62,268.64
102,823. 98
* 169,112.41
3243,567.27
a683,016.22

242,761. 43
260,313. 12
279,566.22

3.217,269.73
*260,313. 12
**79,566. 22

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

September-------October----------No v em be r- - -- -- -December-----------

Total.------

$1,000.00
20,200.00
18,050.00
244, 328.97
397,973.65
526,538. 14
464, 623.95
850,069. 61
a75, 172.08
a73,295.33

1933

76,730.88
195,922. 58
166,418. 12
41,805. 22
111,809. 20
1,959,634.31
83,894.35

2582,640.7
281,713.85

º3)

2*557, 149.07

087.82

a231,713.85
* 102,087.82
-

Total, second quarter--

50,000.00

50,000.00

§383,801. 67

s333,801.67

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

5,713,379. 64

5,261, 130.27

$4,460,780. 30

800,349.97

R E G I O N A L A G R I C U L T U R A L C R E D I T CORPORATIONS:
(Rediscounts)
932

December-------------------Total.------------------

$7,285,972.50

$5,372,062. 60

$655.03

$5,371,407. 57

7,285,972.50

5,372,062. 60

655.03

5,371,407. 57

15,360, 112.84
20,758,427.15

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

104,646.84
1,798,634.47
1,330,314.09
2,009,169.89
2,652, 548.71
4,473,930, 65
12,898,417.70
28,148,010.72
26,330,278.71
22,014,809.00
15,897,239.21
7,610,410.44

15, 165,262.81
16,467,998.41
18,375,709.65
17,205,537.23
20,610,336. 10
13,339,995.06
9,388,838.76
$24,349,158.15
*23,875,656.31
* 19,252, 108.50
*13,881,917.67
34,681,096.70

149,782, 151. 12

125,268, 410.43

24,513,740.69

1933

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

March----------

See footnotes on p. 48.

*

REPORT OF T HE RECONSTRUCTION FINANCE CORPORATION

41

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to June 30, 1934, inclusive, by months and
classes—Continued
R E G I O N A L A G R I C U L T U R A L C R E D I T C O R P O R AT I O N S - C o n t i n u e d

A m o u n t authorized 1

M o nt h

-

Am ou nt dis-

bursed

Am oun t out

Amount repaid

standing; increase
-

-

fortheperiod

$5,739,993.04
5,708,256.95
2,706, 353.39

$5,075,284. 50
6,213,407. 61
3,151,195.84

$6,577,453.24
25, 451,438.28
*10, 215,590. 51

*$1,502,168. 74
*761,969.33
*37,064,394,67

14, 154,603.38

14,439,887.95

*22,244,482.03

237,804,594.08

1,164,925.89
227,324.30
943,267.89

949, 023.95
148,713.81
282,680.28

8,734,142.18
5,559,706.67
* 1,968,336.27

37,785, 118.23
35,410, 992.86
31,685,655.99

Total, second quarter--

2,335, 518.08

1,380,418.04

* 16,262, 185. 12

314,881,767.08

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

177, 162,346.60

170,974, 519.71

§ 163,775,732.61

7,198,787.10

LIVESTOCK C R E D I T C O R P O R AA TI ON S

$496,990.00
2,548, 195.00
1,260,825.00
2,288,576.00
1,415,216.29
2,753,454. 57
1,202,725.44
478,305.00
506,565. 55
194,750.00
13,145,602.85

1,118,800.00

$470,990.00 -------------------1,659,550.00
$4,508.69
1,214,017.01
20,249.41
2,549,078.00
136,771.65
1,315, 563. 16
255,983. 27
1,944, 974.76
408,041.41
1,534,779. 79
504,242. 20
521,319.62
605,885.43
452,663.65
552,119. 55
147,467.62
1,574,457.21
11,810,403.61

758,329.44

$470,990.00
1,655,041.31
1,193,767.60
2,412,306. 35
1,059,579.89
1,536,933.35
1,030, 537.59
*84,565. 81
399,455.90
31,426,989.59

4,062,258.82

7,748,144.79

1,453, 586.08
919,864. 29
397,576.56
359,976.98
343,254, 35
366,727.39
315,517. 13
651,462. 14
243,334.89
284, 155.23
292, 442. 13
453,647.07

31,384, 186.08
3871, 137. 12
3.397, 576.56
3.248,976.98
*243,254.35
3250,727.39
* 315,517. 13
3.651,462. 14
3243,334.89
29,047.04
3.292,442, 13
3453,647. 07

6,081, 544.24

*5,323,214.

;

213,496.61
140,787.36
1357,209.87

3.213,496.61
3 140,787.36
1&257,209.87

2711,493.84

2:611, 493.84

97,929.59
43,547.64
523,740. 58

397,929. 59
*43,547.64
44,700.03

Total, second quarter--

60,000.00

68,440,61

* 165,217.81

*96,777.20

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

14,424,402.85

12,737,173.66

* 11,020, 514.71

1,716,658.95

See footnotes on p.48.

42

REPORT of THE RECONSTRUCTION FINANCE CORPORATION

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to June 30, 1934, inclusive, by months and
classes—Continued
R AI LR O AD S (INCLUDING RECEI VERS A N D TRUSTEES)
Am oun t author-

Mon th

iz ed

ized

Amoun t disbursed

Amount out

Amo un t repaid
-

- _

_

_

standing;
increase
for the period

1932

February--------------------

October---------------------N ov e m b e r December--------------------

$46,975, 757.00
13,812,000.00
37,931,457.00
60,923, 538.00
54,239,972.00
16,392,085.00
12,798,583.00
21,293,541.00
25,926, 269.00
38,226,000.00
8,915,891.00

$31,322, 257.00 -------------------24,791, 500.00
$1,147,952.00
18,816,333.00 -------------------15,898,637.00
2,815,727. 74
54,824,813. 50
2,203,000.00
27,545,736.00
2,990, 000.00
41,963,445.50
224,884.31
12,888,851.00
0,000.
24,931,816.00
1,910, 500.00
8,682,808.00
162,498.66
22,645,074.48
125,000.00

$31,322,257.00
23,643,548.00
18,816,333.00
13,082,909.26
52,621,813.50
24,555,736.00
41,738, 56.1.19
12,628,851.00
23,021,316.00
8,520,309.34
22,520,074.48

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

337,435,093.00

284,311,271. 48

272, 471,708. 77

March----------------------April------------------------May-------------------------

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

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

11,839, 562.71

1933

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

3,000,000.00
19,449,922.00
5,297,828.00
April--11,906, 583.00
tly------------------------23,200,000.00
June--------------------6,950,000.00
July------------------------------------------August----------------------3,862,000.00
September-------------------|------------------

-

-

-

-

-

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

November-------------------

744, 252.00

December--------------------|------------------

7,583,551.64
14,004.00
24,510, 173.80
8,322,417.82
14,792,891.30
102,189.40
12,275, 136.31 -------------------17,925,716.98
265,795.18
18,329,660.00
5,125,081.20
1,302, 600.00
24,073, 118.10
281,800.00
469,727.04
1,013,300.00
360,000.00
4,629,207. 30
6,226,901.36
3,319,658.32
76,707.61
3,819,291.36
139, 132.18

7,569,547.64
16, 187,755.98
14,690,701.90
12,275, 136.31
17,659,921.80
13,204, 578.80
322,770, 518.10
* 187,927.04
653,300.00
31, 597,694.06
3,242,950.71
3,680, 159.18

74,410,585.00

109,782,987.01

45, 175,073.89

64,607, 913. 12

January---------------------------------------February500,000.00
March----------------------100,000.00

3,697,480.00
4,495,623.00
103, 160.00

51, 101.83
43,595.61
100,000.00

3,646,378, 17
4,452,027.39
3, 160.00

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

Total, first quarter-----

600,000.00

8,296,263.00

194,697.44

8,101,565.56

8,254, 252.00

115,580.00
104,880.00
9,034,862.55

363,003.00
341,414.24
*347,525.41

3247,423.00
3.236,534.24
8,687,337. 14

Total, second quarter--

8,254,252.00

9,255,322. 55

* 1,051,942.65

8,203,379.90

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

420,699,930.00

411,645, 844.04

*58,261,276.69

353,384,567.35

PR OCES SOR S O R DISTRIBUTORS W H O

3,787.90

A R E SUBJE C T T O PROCESSING T A X E S

6,816. 69

567.68

Total, second quarter--

*4,428.00

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

*5,428.00

See footnotes on p. 48.

REPORT OF THE RECONSTRUCTION FINANCE CORPORATION

43

TABLE 7-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to June 30, 1984, inclusive, by months and
ses—Continued
S TA T E F U N D S C R E A T E D F O R T H E P UR PO SE OF INSURING R E P A Y M E N T OF
DEPOSITS OF PUBLIC M O N E Y S

author
-

M on t h

Amount
ized

-

-

-

-

-

Amo unt dis
bursed

Am oun t out

Am ou nt repaid

standing; increase
-

for the period

$5,887,715.88 --------------------------------------|-----------------$5,887,715.88
$5,887,715.88
374,750.14
$74,750.14
74,750. 14
5,812,965. 74
5,887,715.88
5,887,715.88
-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

324,650.95
433,516.88
*892,527.88

*324,650.95
*433,516.88
*3892, 527.88

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

*1,650,695.71

** 1,650,695.71

April------------------------------------------------------------2,500,000.00 -----------------May -2,500,000.00
June-------------------------------------------

1,518, 737.55
869,746. 64
* 797,608. 51

a 1,518,737. 55
*869,746.64
1,702, 391.49

Total, second quarter--

2,500,000.00

2,500,000.00

*3,186,092.70

*686,092.70

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

8,387,715.88

8,387,715.88

*4,911, 538. 55

3,476,177.33

T O T A L , S E C T I O N 5 d, O F T H E

R E C O N S T R U C T I O N FI N A N C E C O R P O R A T I O N A C T

(Loans to industrial or commercial businesses)

$924,500.00
924,500.00

$3,000,000.00 -----------------63,931,669.00
,947,884.00
73,128,502.22
10,211,699.75
103,002,382.63
17,270,389, 52
22,939, 183.60
21,653,141.09
47,042,590.68
44,060,901.82

109,881. 40

,268,354.97
,649,600.09
43,951,020.42

313,044, 328. 13

97, 144,016.18

115,456.95

97,028,559.23

42,811,872. 34
39,810,807.21
43,943,082.50
47, 159,003.89
55,029,013. 59
6,497,833.23
11,258,722.89
6,012,631.30
7, 109,122.61
8,461,727.36
36,876,451.63
40,059,762. 69

144, 281. 14
60,759, 60
,566.04
110,270.37
541,557.37
347,853.91
171,499.97
734,781.32
617,821.80
147,991. 14
1,076,730.02
540, 541.82

42,667, 591.20
39,750,047.61
43,816,516.46
47,048,733.52
,487,456.22
6,149,979.32
11,087,222.92
5,277,849.98
6,491,300.81
8,313,736.22
35,799,721.61
39,519,220.87

345,030,031.24

4,620, 654, 50

340,409,376. 74

77,648,863.36
32,244, 421.65
,968,655.33
138,861,940.34

a 1,055,949.66
8,029,974. 22
a 10,982,646. 16
-20,068,570.04

24,214,447.43
* 17,986,009. 17
* 118,793,370.30

11,593,558.33
13,420, 158.46
49,966,539.24

6,677,928.34
2,935,775.27
* 9,408,328.57

4,915,629.99
10,484,383. 19
40, 558, 210.67

1,485,484.94

74,980, 256.03

* 19,022,032.18

55,958,223.85

Grand total.------------ 1,104,034,027.17

656,016, 243.79

*43,826,713.67

612, 189,530. 12

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

Total, second quarter--

See footnotes on p. 48.

- v i º
-

- v - º n

699.

176,592,913.70

44

REPORT

OF

T H E

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to June 30, 1934, inlcusive, by months and
classes—Continued
SEL F-LI

U I D A T I N G P R O J E C T S - S E C . 201 a), T I T L E II ( I N C L U D I N G L O A N S F O R
F I N A N ING REPAIR O R R e C O N S T R U C T I O N OF BUILDINGS D A M A G E D B Y E A R T H
Q U A K E , FIRE, T O R N A D O , O R C Y C L O N E IN 1933)

Amoºthor Anºis.

Amount out

-

M on th

Am ou nt repaid

standing; increase
for the period

$53,105,000.00 l------------------|-------------------------------------79,932,880.00 ------------------|--------------------|-----------------4,324,744.00
$360,000.00 -------------------,000.00
8,412, 910.24
15,377,000.00 -------------------15,377,000.00
145,775, 534.24
8,945, 100.00
24,810,372.20
17,759,425.35
5,001,678.47
2,784,525.64
25,683,801.56
-

-

-

-

7 1,123.80
84,988, 207.26

47,866,409.65

152, 175.00

47,714, 234.65

8,408,771.54
2,065,486.53
10,001,716.92

1363,436.46
2,344,825.00
2 1,023,767.50

*8,977,949.42

20,475,974.99

*3,732,028.96

2 16,743,946. 03

2,525,044.88
6,399, 212.56
4,603,597.88

54,023.74
620, 654.02
*39,500.00

2,471,021. 14
5,778,558.54
4,564,097.88

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

72,180.24
-

-

-

-

-

-

-

-

-

-

-

Total, first quarter-----

7 124.63

----------------------------------------------------------------------------$20,000.00
22, 100.00
15,675.00
22,900.00

15,737,000.00

2,600,000.00
327,000.00
2,020,000.00
4,442,000.00
2,125,462.06
2,924, 819.35
7,853,970. 51
3,851,648.18
6,740,302.08
7,552, 137. 13
3,992,943. 16
3,436, 127. 18

-

600,000.00
3.27.000.00

50,325.00
11,525.00
4,500.00

2,020,000.00
4,442,000.00
2, 105,462.05
2,902,719. 35
7,838,295.51
3,828,748. 18
6,735, 152.08
7,501,812. 13
3,981,418. 16
3,431,627. 18

5, 150.00

18,045,335.08
3279,338.47

7484.94

13, 527,855. 32

*714, 177.76

12,813,677.56

230,764,351.07

97, 607, 239.96

*4,598,381. 72

93,008,858. 24

Total. second quarter-Grand total

15,737,000.00 --------------------

F I N A N C I N G O F E X P O R T S O F A G R I C U L T U R A L S U R P L U S E S - S E C . 201 (c), T I T L E II

$52,851 247.22
,295.58
-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

52 880,542.80

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

$1,497. 503.38 |-------------------1,903.990, 01 |--------------------

$55,857.49

257, 538. 30
€09. 0x0.03

2 533,445.78

38.0°4.59
17, 635. 57
135,975. 72

2 397. 470.0t

7, 142,728.38

247,534.37

6 895, 194.01

85,324.07

2, 148,663, 41
1,008,684.67

2 233,987. 48

Grand total.-----------See footnotes on p. 48.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

52,880, 542.80

2:5, 313. 39
219 473.71

591 443.45

1.065.488. 51

56, 803.84

1,076,848.69

278,009.67

1998, 839. 0.2

4,376, 324.68

*220, 137.58

#4, 156, 187. 10

1,332.210.82

68,904.96
53,770.84
*57,804.08

1,263,305.86

1,255, 575, 38
3 076,935. 35

* 180,479.88

2,896. 455.47

14,595,988.41

*648, 151.83

13,947,836, 58

489, 149. 15

Total, second quarter-.

$1,497. 503. 38
1,903,990.01

341. 170,88

435, 378,31

1,197,771.30

REPORT OF THE RECONSTRUCTION FINANCE CORPORATION

45

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to June 30, 1934, inclusive, by months and
classes—Continued

cºgnities A N D

FINANCING OF A G RI C UL T UR A L

Am oun t author
ized 1

M on th

LIVESTOCK–SEC. 201 (d),

A mo unt out

Am oun t dis
bursed

Am oun t repaid

$451, 580. 12
830,276.97
158, 117.00

$2,034. 55
3,541.00
109,881.40

54,775,920.67

1,439,974.09

115,456.95

1.324, 517. 14

281,802.20
438,000.00
60,000.00
225,329.43
55,000.00
174,280.00
262,250.00
190,000.00
2,022,500.00
253,479,000.00
153,500,500.00
442,551.00 ||

32,302.20
75,295.96
104,024.04
1,349,879.30
,354.3
212,668. 80
608,800. 95
110,290.93
27,649.65
652,051.93
32,274,428.44
34,090, 189.73

144,281. 14
60,759.60
126,566.04
110,270.37

59,601. 55
1,047,568.45
400,066. 10

* 111,978.94
14,536.36
3 22,542.00
1,239, 608.93
278,697.00
18,159.89
452,975, 98
*275, 150.39
3.351,664.66
592,450.38
31, 226,859.99

411, 131,212.63

70,002, 936. 30

3,250,860. 13

66.752,076.17

49,015,000.00
3,095,000.00

67,006, 104.34
29, 113,446.61
17,890.089.72

607, 189.13
5,616,395.38

887, 000.00

29,869.748, 99

66,398, 915.21
23,497,051.23
*8,020,340.73

52,997,000.00

114,009,640.67

* 16,093,333.50

a97,916.307. 17

375,000.00
860,000.00
250,000.00

7,736,302.63
6,531,796.75
44.107,365, 98

6,461,449. 64
1,924, 500. 41
$9,310,216.49

1,274,852.99
4,607, 296.34
34,797. 149.49

1,485,000.00

Total, second quarter--

AMOUNTS

*520,389,133.30

M AD E

AVAILABLE FOR

186, 657. 37

194,508.91
155,824.97
385,441. 32
379,314.31

58,375,465.36
&243,828,016.42 |

RELIEF A N D

112,492,873. 22

33. 690. 123.63

$17,696 166.54

40.679,293.82

*$37,155,817. 12

206,672, 199.30

W.O R K

R E L I E F — S E C . 1, T I T L E I

$3,947,884.00
10,211,699.75

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

$440,545.57
826,735.97
48.235.60

2,671, 563.44

129. 616. 60

Grand total

standing; increase
for the period

28,525,784.82
79,967,042.09

,947,884.00
10,211,699.75
16,818, 809. 40
20,462,864. 12
28,525,784.82
79,967,042.09

40, 179,570. 14
39,408,511.25
41,819,058.46
41,367,124.59
52,438, 197. 16
$334,900.00
3,360,345.08
131,245.00
1,208,448.05 -------------------146,702. 18
326,440.00
177,500.00

40, 179,570. 14
39,408,511.25
41,819,058.46
41,367,124.59
52, 103,297. 16
3,229, 100.08
1,298,448.05
* 179,737.82
* 177,500.00

1933

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

49,435,416.00
48, 187,271.00
29,650,979.00
48,973, 962.78
11,259,498.00

March----------------------April------------------------May------------------------"une-------------------------

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

970,085.00

`ii.6 50.30 |

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

Seefootnoteson p.48.

300,000,000.00

299,984,999.00

219,047,871.91

5ii,350.00

* 11, 120.00
*23,070.00

** 11, 120.00
** 23,070.00

93,550.00
336,850.00

a93,550.00
*336,850.00

$ 808.00

3 808.00

5431,208.00

* 431,208.00

51,424, 363.00

298,560,636.00

46

REPORT OF T H E RECONSTRUCTION

F IN AN C E CORPORATION

TABLE 7-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to June 30, 1934, inclusive, by months and
classes—Continued
TOTAL, A C T A P P R O V E D M A R . 9, 1933, AS A M E N D E D

Anºther * { *

Month

Amount out

| Amountrepaid stºni.increase
for the period

1933

$14,932,500.00
7,600,000.00
16,597,500.00
8,188,000.00
14,798,000.00
3,471,000.00
4,385,000.00
30,965,000.00
*89,888,000.00
*306,041,000.00

$12,750,000.00 -------------------7,582,500.00
5,150,000.00
,685.00
17,985,500.00
6,233.03
8,185,000.00
901.75
7,677,500.00
50.00
3,776,000.00
32,734.37
2,990,000.00
109,910.25
44, 155,000.00
3,109.41
154,094,716.67

$12,750,000.00
7,582,500.00
5,150,000.00
17,980,815.00
8,178,766.97
7,676,598.25
3,775,950.00
2,957,265.63
44,045,089.75
154,091,607.26

-496,866,000.00

264,346,216.67

157,623.81

191,165.00
146,283,235.00
109,449.18
54,608,300.82
*79,571.67 || 2127,959,768.33

264,188,592.86

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

*255,449,350.00
*75,514,250.00
*104,793,000.00

146,474,400.00
54,717,750.00
128,039,340.00

Total, first quarter-----

*435,756,600.00

329,231,490.00

*380,185.85

1328,851,304.15

30,457,300.00
48,646,900.00
35,931,820.00

63,697,085.00
47,992,555.00
112,035,430.25

560,291.50
153,717.31
* 1,344, 156.80

63, 136,793.50
47,838,837.69
110,691,273.45

February-

Total, second quarter--|

115,036,020.00

223,725,070.25

*2,058, 165.61

221,666, 904.64

Grand total.------------ 1,047,658,620.00

817,302,776.92

* 2,595,975.27

814,706,801.65

LOAN S O N P R E F E R R E D ST O C K OF BAN KS A N D TRUS T CO MPA NI ES

$1,250,000.00
-

-

-

-

-

7,585,000.00T
3,350,000.00
2,115,500.00
126,000.00
650,000.00

-

-

-

-

10,935,000.00
40,000.00
552,500.00
176,000.00
575,000.00
545,000.00 -----------------829,600.00
1,578,000.00
17,199,500.00
14,358, 100.00
-

-

-

-

-

-

-

-

-

-

-

-

-

$250,000.00

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

`i.oOo. 000.00

1,000,000.00"E.I.I.I.I.I.

-

$4,685.
6,233.03
32,734.37
22,610.25
3, 109.41
70,323.81

10,930,315.00
33,766.97
551,598.25
175,950.00
542,265.63
*22,610.25
826,490.59
14,287,776. 19

901.75
50.00

21,781,350.00
a4,921,750.00
2,665,500.00
*9,368,600.00

1,474,000.00
2, 106,500.00

166, 165.00
9,449.18
*59,571.67

143,835.00
313,050.82
* 1,414,428.33

*235, 185.85

* 1,871,314.15

531,500.00
1,010,900.00
1,123,500.00

776,900.00
2,519,300.00
2,531,955.00

270,291.50
143,717.31
*220,656.80

506,608. 50
2,375, 582.69
2,311,298.20

310,000.00
322. 500.00

Total, second quarter--

2,665,900.00

5,828, 155.00

*634,665.61

5, 193,489.39

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

29,234,000.00

22,292,755.00

*940, 175.27

21,352, 579.73

SUBSCRIPTIONS F O R P R E F E R R E D S T O C K OF B A N K S A N D T R U S T
1933
March-----------------------

$13,682, 500.00
7,400,000.00
9,012,500.00
4,838,000.00
June------------------------July------------------------12,682,500.00
August----------------------2,845,000.00
September------------------3,735,000.00
October---------------------5,925,000.00
November------------------17,753,000.00
December-------------------- *177,752, 100.00
Total.------------------ 2255,625,600.00
April------------------------May-------------------------

See footnotes on p. 48.

$12,500,000.00
7,582,500.00
4,150,000.00
6,850, 500.00
8,145,000.00
6,625,000.00
3,600,000.00
2,415,000.00
4,115,000.00
77,015, 116.67
132,998, 116.67

--------------------------------------------------------------------------------------------------------------------------------------------------------$87,300.00
-------------------87,300.00

COMPANIES

$12,500,000.00
7,582,500.00
4, 150,000.00
6,850, 500.00
8, 145,000.00
6,625,000.00
3,600,000.00
2,415,000.00
4,027,700.00
77,015, 116.67
132,910,816.67

REPORT of THE RECONSTRUCTION FINANCE CORPORATION

47

TABLE 7–Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to June 30, 1934, inclusive, by months and
classes—Continued
SUBSCRIPTIONS F O R

PR EF ER RE D STOCK OF
Continued

Am oun t authorized 1

M o nt h

BANKS A N D

Amo unt disbursed

TRUST C O M P A N I E S

Am oun t out

Am ou nt repaid

-

standing; increase
for the period

1934

January---------------------- *$143,142, 100.00
February-------------------- *51,865, 500.00
arch----------------------278,792. 500.00

Total, first quarter----- *273,800, 100.00
April------------------------*W-------------------------

"une-------------------------

25,730,800.00
41,870, 500.00
28,023,820.00

$94, 669,500.00
$25,000.00
29,933,000.00
50,000.00
97,479, 690.00 --------------------

$94,644, 500.00
29,883,000.00

222,082, 190.00

222,007, 190.00

75,000.00

97.479, 690.00

39,203,685.00
250,000.00
19,601,755.00 -------------------84,632,475.25
(*)

38,953.685.00
19,601,755.00
84,632,475.25

Total, second quarter--

95,625, 120.00

143,437,915.25

$250,000.00

143, 187,915.25

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

625, 050,820.00

498, 518,221.92

*412,300.00

498, 105,921. 92

PURCHASES

OF

CAPITAL

NOTES

OR

DEBENTURES

OF

BANKS

AND

TRUST

C O M P A N I E S

25,040,000.00
271, 590,000.00
* 126,710, 900.00
*224,040,900.00 ||
* 110,525,000.00
* 18,727,000.00
*23,335,000.00

40,040,000

7.5,350,000.00

76,250,000.00
116,990,000.00 --------------51,494,900.00 -------------------24,462,250.00
$50,000.00
29,085,650.00
,000.00

.

116,990, 000.00
51,494, 900.00
24,412,250.00
29,065,650.00

2 152, 587,900.00

105,042,800.00

70,000.00

104,972,800.00

4, 195,000.00
5,765,500.00
6,784,500.00

23,716,500.00
25,871,500.00
24,871,000.00

40,000.00
10,000.00
31, 123,500.00

23,676,500.00
25,861,500.00
23,747,500.00

Total, second quarter--

16,745,000.00

74,459,000.00

* 1,173,500.00

73,285, 500.00

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

393,373,800.00

296, 491,800.00

11,243,500.00

295,248,300.00

TOTAL, A G R I C U L T U R A L A D J U S T M E N T A C T OF 1933
[To Secretary ofAgriculture toacquire cotton, sec. 5,titleI)

3,300,000.00
3,300,000.00

See footnoteson p. 48.

48

REPORT OF T HE RECONSTRUCTION FINANCE CORPORATION

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to June 30, 1934, inclusive, by months and
classes—Continued
T O T A L , E M E R G E N C Y F A R M M O R T G A G E A C T O F 1933

[Drainage, levee,and irrigation districts, sec. 36, titleII]
Amount out

Amo unt author- || A mo un t disized 1
bursed

Mo n th

Am ou nt repaid

standing; increase
for the period

-

-

-

1933

October---------------------$383, 489.21 |-----------------November------------------------------------------------------December-------------------10, 565,698.83
$2,413,955. 10 |--------------------

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

-

-

$2,413,955. 10

10,949, 188.04

2,413,955. 10 --------------------

2,413,955. 10

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

210,868,045.40
23,995,782.73
*6,544,426.75

110,943.34 |--------------------

110,943.34

Total, first quarter-----

*21,408, 254,88

110,943.34 |--------------------

110,943.34

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

1,001, 118.75
7,629,576. 10
10,321,250.00

118,000.00 -------------------1,513, 198.99 ||-------------------480,294.74
(5)

118,000.00
1,513, 198.99
480,294.74

1934
-

-

-

-

-

-

-

Total,second quarter---

18,951,944.85

2,111,493.73

(4)

2,111,493.73

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

51,309,387.77

4,636,392.17

(5)

4,636,392. 17

T O T A L , A C T A P P R O V E D J U N E 10, 1933

(Loans on preferred stock ofinsurance companies)
1933

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

$4,375,000.00

$4,375,000.00 --------------------

$4,375,000.00

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

4,375,000.00

4,375,000.00 --------------------

4,375,000.00

11,500,000.00 --------------------

11,500,000.00

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

Total,secondquarter...
Grand total.-----------.

4,000,000.00 ||

7,500,000,00TII,500,000.00
19,375,000.00

15,875,000.00

(*)

11,500,000.00

(*)

15,875,000.00

TOTAL, A C T A P P R O V E D APR. 13, 1934
(Financing repairofproperty damaged by earthquake, orfloodin1933,orinJanuary and February of1934)
1934

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

$600,000.00 --------------------------------------|------------------

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

600,000.00 --------------------------------------------------------

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

*Includes$193,618,000.00representing refinancing ofloans previouslymade by the corporation to Federal
land banks for differentindividual amounts, but inthe same aggregateamount.
* Exclusive of repayments unallocated, pending advices, as of June 30, 1934.

* Represents refinancing ofloans previously made by the corporation to Federal land banks for different
individual amounts, but in the same aggregate amount.
7 Represents increases due to accounting adjustments in loans previously authorized.

*Includes authorizations of $448,000,000.00 to the Commodity Credit Corporation, of which $235,772,
168.69 was disbursed and $33,213,489.62 was repaid.

*

REPORT of THE REConstruction FINANCE CORPORATION

49

TABLE 8.—Number of borrowers and amounts of loans authorized under sec. 5 of

the Reconstruction Finance Corporation Act, as amended, Feb. 2, 1932, toJune

30, 1934, inclusive, by size of cities or towns

BANKS A N D TRUST COMPANIES

Population of cities or

º : inwhich

Authorizations

Bo rrowe rs

borrowers are

ocate
Number

U

º

5,072

5
10
25
50
100.
200
500
1

567
528
249
211
162
105
144
160

7,198

Amount

º

70.5
$280,489,933.86
7.9 || 100,282,754.69
7.3
159,845, 125.99
3.5
123,493, 110.01
2.9
246,783,400. 72
2.2
197, 191,668.35
1.5
224,021,324.32
2.0 || 365,269,173.96
2.2
348,248,983.51
100.0

2,045,625,475.41

13.7
4.9
7.8
6.0
12.1
9.6
11.0
17. 9
17.0
100.0

TOTAL, SEC. 5, R E C O N S T R U C T I O N F IN A N C E C O R P O R A T I O N ACT, AS A M E N D E D 1
Under 5,000--------------------------------------------

5,340

61.1

5,000to 9,999------------------------------------------10,000 to 24,999----------------------------------------*,000 to 49,999----------------------------------------*0,000 to 99,999----------------------------------------100,000 to 199,999--------------------------------------200,000 to 499,999--------------------------------------*00,000 to 999,999--------------------------------------1,000,000and over--------------------------------------

677
723
412
382
270
355
309
272

7.7
8, 3
4.7
4.4
3, 1
4.1
3.5

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

8,740

3.1

$306, 114,770.88
111,273,649.59
190,233,023.72
157,329,073.82
292,590,885. 66
250,673,389. 57
325,477,326.91
534,316,214.38
544, 179,775.85

5.8
10.8
9.2
12.0
19.7
20.1

100.0

2,712, 188, 110.38

100.0

11.3
4.1

7.0

!Exclusiveofrailroads,regional agriculturalcreditcorporations, Federal land banks, Federalintermedi
ate credit banks, processors or distributors w h o are subject to processing taxes, and State funds created

forthe purpose ofinsuringrepayment ofdeposits ofpublic moneys.

TABLE 9.—Names and compensation of directors, officers, and employees of the
Reconstruction Finance Corporation receiving from the Corporation more than
$400 per month, as ofJune 30, 1934
W A S H I N G T O N OFFICE
Basic sal-|| Net Sal
Name

Title

ary per

ary per

month l month
irman-----------------------------------------

$833.33

$750.00

Couch, Harvey C---------------| Director------------------------------------------Henderson, Charles
do---------------------------------------------

Jones, Jesse H------------------

833. 33
833. 33
833.33
833. 33

750.00
750.00
750, 00

Merriam, C. B.---Taber, Frederic H

do--------------------------------------------do---------------------------------------------

750.00

Talley, Lynn P-----------------| Assistant to the directors-------------------------- 1,041. 67 || 1,024.31
Reed, Stanley---!----------------------------------- 1,041. 67 || 1,024.31
833.33
33
8

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

§

819, 44
8 19 44

Hi
750750

Chief examiner, railroad division-Chief, agency division-------------

Chief, examining division--------Assistantchief,examining division----------------

Examiner----------------------------------------Assistant chief, agency division------------------Assistant chief, examining division-Chief auditor------------------Examiner--Counsel---

.00
791.67
750.00
750.00
708
708 33

720.00
712. 50
675.00
675.00
637 50
637 50

;;:

63

50

50

REPORT OF T H E RE CONS TRU CTIO N

º

T A B L E 9 . — N a m e s and
Reconstruction Finance

;

F IN AN CE CORPORATION

of directors, officers, and employees of the

rporation receiving from the Corporation more than
$400 per month, as of June 30, 1934—Continued
o

W A S H I N G T O N O FFI CE– Co nti nue d

Name

Title

Basic sal- N e t s a l
ary per
ary per

month
Griffin, D. B.------------------- Assistant treasurer-------------------------------Herson, James F--------------- Administrative assistant-McGrath, M . J.----------------- E x a m i n e r
Schram, Emil-----------------Clay, Cassius M--------------Corcoran, Thomas G
Cross, Guernsey T------------Durr. C. J.---------------------Gardner, Bunk----------------Snodgrass, Russell L
Shaver, Clem------------------Baxter, No rma n W------------Costello, W . C.--------Assistant to the chairman------------------------Chadduck, Harry W--- Administrative assistant, agency division--------Kuehl, Frank W------- Counsel------------------------------------------Laughlin, Reginald S-----------|----- 0 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Elliott, David C------Chief, statistical and economic division----------Kiesling, Robert J.
xaminer----------------------------------------Sullivan, Harry L.
Assistant treasurer-B

Special assistant------

Financial advisor
Assistant secretary
Assistant chief, examining division-------Examiner------------------------------Counsel------------------Assistant t
. Talley
Administrative assistant, agency divisionEx am in er -- -

-

-

Sullivan, William W.
Macartney, Morton

Cloninger, C. W.
Coit, Gladding B
Davis, Thomas
Fraser, J. A.--Greer, Frank
Johnson, W . J.
Marfield, C. H.
Reed, W . O.Ronan, Fran
Stroud, W . E.
Toole, J. E-

Chase, Ralp
Hamilton, Claud
Howell, David J
Rowe, John A.
Kelly, Leo P- Ward, MaxwellHobson, Alfred
Fort, James L.-Dodds, Chaunce

$683.33

$615.00

666.67
666.67
666.
666.67
666. 6.7
666.67
666.67
666.6
.666.67
625.00
625.00
625.00
625.00
625.00
625.00
625.00
625.00
616.67
600.
600,
583, 33
583.33
583.33
583.33
566.67
566.67
566.67
558.33

600.00
600.00

Assistant secretary
Counsel-------------------

cº

examiner, drainage,

600.00
600.00
600.00
600.00
god. tº
goo.txo

600.00
562.50
562.50
562.50
562.50
562.50
562.50
562.50
562.50
555.00
540.00
540.00
525. tº
525.00
525.00
525.txo

510.00

550 00
541. 67
541.67
541.67
541.67
541.67
541.67
541. 67
541. 67
541.67
541.67
541. 67
541.67
541.67
541.67
541.67
541. 67
541.67
541. 67
541.67
541. 67
533.33
525.00
516.67
516.67
500.00

510.00
510. 00
502.50
495.00
495.00
487.50
487.50
487.50
487. 50
487.50
487.50
487.50
487. 5 0
487.50
487.50
487.50
487.50
487.50
487. 50
487.50
487.50
487.50
487.50
487.50
487.50
480.00
472.50
465.00
465.00
450.00

500.00

450.00

500.00
500.00
500.00
500.00
500.00
500, 00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00

450.00
450.00
450.00
450.00
45a. oo
450.00
450.00
450.00
450. t º
450. on
450.00
450.00

550.00

Augherton, George
Berrett, R. W.
Boggs, Werner-------Boothe, Gardner L., 2
Byrns, Miles J.--

mon th

division.

Swift, W . E.------

Chief engineer, drainage, levee, and irrigation divis t on .

Roper, James HSupervising engineer------------------------------Armistead, Robert
E x am i n er - -Bassett, Albert E.---------------|----Blair, Smith---Gelbach, Loring L
Griffin, Charles N
La Fever, Dwight
Moore, Hilton M Moore, Milton KO'Bleness, E. J.--Rochelle, William J.
Seabury, R. M--Seeley, Harold J.-Watson, William PWebb, George T--- 0 0 -- - - - - - - - -- - - - - Farrell, Edward A.-Supervising accountan
Young, R. D.-Chief, recording sectionHenry, John L.-Special representative-----------------------------

450.00
450.00
450.00
450.00
450. do
450.00

REPORT of THE RECoRSTRUCTION FINANCE coBPORATION

51

and compensation of directors, officers, and employees of the
Reconstruction Finance Corporation receiving from the Corporation more than
$400 per month, as ofJune 30, 1934–Continued

TABLE 9.—Names

W A S H I N G T O N O FFI CE– Co nti nue d
Basicsal-l Net Sal
Name

Title

ary per

ary per

month

month

O'Neal, W. P------------------ Special representative----------------------------- $500.00
Williams, T.A.-----------------|----- 0 - - - - - - - - - - - - - - - - - - - - 500.00
Bowen, Charles C.-Assistant to M r . H en d e r s o n
500.00
Hoeltzel, Lloyd C.-Assistant to M r . Taber--500.00
Smith, Elbert L.
Assistant to Mr. Couch
500.00
Henry, Heber-500.00
Koplin, Alex--500.00
Lapsley, John W.
500, 00
Wolford, Albert M 500.00
Miller, David------|| 491. 67
-

Woodall, Emery JShields, Leighton---

-|
-|

ussell, Lewis C.Satterfield, W . RByrd, Percy-------Clayton, Laurance JDickinson, R. G---Howard, Ernest BJohnson, L. E.-----Lawrence, Donald EMielenz, Louis M.-Price, Jacob L-----Stewart, Adelbert T-Talman, Carter----

-

-

Tigrett, A. K-------

-

Wadden, Thomas A--

Kannee, Henry M.

Special assistant---------------

-

Beck, W . C., Jr.-Bladen, W . H.III

Chief, accounting and control sectionSupervising accountant-------------Chief, authorization-cancelationsectionAssistant chief auditor-------------

-

ett, George A.--

G

J. P.

-

-

-

-

-

0-- ------ ----- ---

,F

Appraiser-----Galt, Alexander BAssistant secretary----|
, M . W----Assistant to the secretaryI
-Examiner-------------Etheridge, Julian C------------|-----

-

Lewis, Charles B.----Lyford, Frederic Eack, Bryan------Robertson, Hilton W Stafford, Bayard CStrong, Albert L.---Sullivan, Frank J.--

Willett, William E.-------------|----Armstrong, W . C

Fletcher, Lloyd-----------------|-----do---------Rosenwald, HaroldGlueck, Nathan H-------------| Attorney------Randolph, HollinsN.-----------|-----

s

, Edgar

Wilson, Robert G--------------|----Tracy,
Kelley, Jerome T---------------| Accountant-------------------Reilly,Edward J.
Pasley, Robert J.---------------| Appraiser---------------------Mash

-

-

**

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

Meredith, P. C.-Parnell, Harvey-Ralls, Frank C---

Wagner, Walter DWorthington, L. S.-------------|-----do-----------Miller, J. P.--------

-

-|
-

-

-

Whitaker, Harry E------------- Special engineer adviser---------------------------

491.67
475.00
466. 67
458.33
466.67
458.33
458.33
458.33
458.33
458.33
458.33
458.33
458.33
458.33
458.33
458.33
450.00
450.00
450.00
450.00
450.00
450.00
450, 00
433.33
433.33
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67

(1)

$450.00
450.00
450.00
450. 60
450.00
450.00
450.00
450.00
450.00
442.50
442.50
427. 50
420.00
412.50
420.00
412.50
412.50
412.50

412.50
412.50
412.50
412.50
412.50
412.50
412.50
412.50
405.00
405.00
405.00

405.00
405.00

405.00
405.00
390.00
390. 00

375.00
375.00
375.00

375.00
375.00
375.00
375.00
375.00
375.00
375.00
375.00

375.00
375.00
375.00
375.00
375, 00
375.00
375. 00
375.00
375.00
375.00
375.00
375.00
375. 00.
375.00
375.00
375.00
375.00
375.00
375.00
375, 00
375.00
375.00

(1)

1Prior to June 28, 1934,served as assistant chief engineer, self-liquidating division of the corporation.
Compensation for April, basic rate $800, less 10 percent, $720. Compensation for May, basic rate $800,

ºf:

less
poin

$720. Compensation for June 1 to 27, inclusive, basic rate $720, less 10 percent, $648. A p
special engineer adviser, effective June 28, 1934, with compensation, when employed, at the rate
of$32.50per diem,subject toreduction inaccordance with theeconomy provisions oflaw. N o compensa

tion paid during quarter ended June 30, 1934, under latterappointment.

52

REPORT

OF

T H E

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 9.—Names and compensation of directors, officers,"and employees of the
Reconstruction Finance Corporation receiving from the Corporation more than

$400 per month, as ofJune 30, 1934—Continued
L O A N AGENCIES 1
Basicsal- Net sal
Name

Title

Atlanta, Ga.:
Cocke, Erle----------------- Manager-----------------------------------------Chadwell, W . A.------------ Assistant manager---------------------------------

Birmingham, Ala.:

Black, Craig O-------------|-----do----------Zeiss, Carl H---------------| Attorney---------------Ernst, D. W..
Walker, Lee-Attorney--------------Best, James M----do----W ill ia m F-------- ExaminerHoel, M . O.----------------- Attorney-Mudgett, C. F------------- Examiner--------------------Murchison, Frank M------- Assistant chief, closed bank division
Standish, M . L.------------- Assistant to the manager--------Townsend, Bruce----------- Field representative--Anderson, George S-------- Examiner------Walters, Harold S---------- Attorney---------Davis, Ross---------------Gill, Charles R------------- Examiner--------Smith, James C------------|-----do--Tuohy, Arthur-------------|-----do--------------------------------------------Cleveland, Ohio:
Callander, F. S.------------- Manager-----------------------------------------Davies, M . C.--------------- Assistant manager
Wadsworth, J. L.-----------|-----d o
Killpack, James M--------- Chief, closed bank division-ex.: Andrews, Warren | Manager------------------------------------------

-

-

-

-

-

-

-

-

Pºles.

Detroit, Mich.:
Fisher, Charles T., Jr.------Hewitt, Charles H---------Barber, Everett A.---------Beach, Robert S-----------Houston, Tex.: Ford, R. F-----

Jacksonville, Fla.:

ary per
month

$625.00

$562.50

416.67

375, 00

600.00

540.00

833.33
541. 67
500.00
458.33

750.00
487.50
450.00
412.50

Cotting

ham, T. J.-------------------- Manager-----------------------------------------Boston, Mass.:

#.º.

ary per
month

Farwell,

Fred H.
Kansas City, Mo.:
Hodges, Frank-------------Tremble, Geo. T
Rice, Carl V---------------- Counsel------------------------------------------Little Rock, Ark.:
Jarrett, J. W--------------- Manager-----------------------------------------Pettit, Clyde--------------- Special counsel------------------------------------

500.00

450.00

833.33
750.00
625.00
708.33
625.00
625.60
500.00
500.00
500.00
500.00
500.00
500.00
500.00
458.33
450.00
416.67
416. 67
416.67
416.67

750.00
675. 00
562.50
637.50
562.50
562.50
450.00
450.00
450.00
450.00
450.00
450.00
450. 00
412.50
405.00
375.00
375.00
375.00
375.00

750.00
541. 67
500.00
500.00
700.00

675.00
487.50
450.00
450.00
630.00

833.33
500.00
416.67
583.
500.00
500.00

750.00
450.00
375.00
525.00
450.00
450.00

833.33
500.00
666.67

750.00
450.00
600.00

500.00
500.00

450.00
450.00

625.00
416.67

562.50
375, 00

450.00

405.00
375. G o
562.50

Los Angeles, Calif.:
Scroggs, Thomas C--------- Manager-----------------------------------------Sears, Jerome F------------ Assistant manager--------------------------------

Louisville, Ky.;
Abell, J. Fort--------------- Manager-----------------------------------------Lovell M------ Assistant manager
Minn.; Chapman, Acting manager-----------------------------------

º
Mºlis,
oseph.

Nashville, Tenn.:
Gardenhire, J. M----------- Manager-----------------------------------------Davis, Lee----------------- Assistant manager-------------------------------N e w Orleans, La.:
Buskie, George F----------- Acting manager----------------------------------Robertson, George W-------| Assistant manager-------------------------------Kaplan, Monroe------------ Examiner----------------------------------------Knight, M. J.--------------------do---------------------------------------------

-

583.33
458.33

525.00
412.50

683. 33
500.00
416.67
416.67

615.00
450.00
375.00
375.00

* Except as herein indicated, attorneys handling legal matters of the various agencies of the cor ration
do not receive salaries but are paid in the customary w ay according to the character and volume ofthe work
performed and therefore are not included.
* W h e n actually employed.

REPORT of THE RECONSTRUCTION FINANCE CORPORATION

53

TABLE 9.—Names and compensation of directors, officers, and employees of the
Reconstruction Finance Corporation receiving from the Corporation more than
$400 per month, as ofJune 30, 1984–Continued
L O A N AGE NCIES-Con tinued
Basic sal
Title

Name

Ne w York, N.Y.:
Mahoney, Daniel J.--------Ahearn, Thos. J., Jr.
Cahill, William J.-Smith, Frederick P _
Weinstein, Walter H
Sandford, Clarence R
Stevens, Harry I.--Tyree,
Barrett, F. H.-Clarke, A. J., J r
Linn, Henry A.-Merritt. Matthew J.--------

ary per
month

Manager-----------------------------------------Assistant manager------------------Special counsel--------------------Co uns e

Ygº

Oklahoma City, Okla.: Eagen,

Special assistant---------------------Office manager------------------------Attorney--------------------------------Chief clerk----------------------------Manager------------------------------------------

J. C.

ogº.Nebr.: Daniel, Herbert
Philadelphia, Pa...:
Kilbourn, Jonathan F-----Thompson, John M.-Examiner
Gretz, Arthur A-----

Portland, Oreg.:Slade, E. F---Richmond, Va.:
Waters, W . Murray---

Salt Lake City, Utah; Smith,

Assistant manager
Chief examiner----------------Manager------------------------------------------

-

-

Elias A.
San Antonio, Tex.: Meer s
scheidt, Otto.
San Francisco, Calif.:
Calkins, A. A.-------------McCullough, John S.-------

600.00
416.67

St. Louis, Mo.;
Wardaman, James K., Jr.---- Manager-----------------------------------------err, H. 19.----------------- Assistant manager----------------

Honolulu, T. H.: Hossack, Special representative and custodian-------------Harry F.

*Up to date ofappointment asspecial representative and custodian on June 1,1934, employed asexam
iner, San Francisco agency, on the basis of$25 per diem. Compensation for April $525,less 10 percent,
$472.50; Ma y $600, less10percent, $540; and June $600,less10percent, $540.

TABLE 10.-Statement of cash receipts and expenditures during the second quarter,
Apr. 1, 1934, to June 30, 1934, inclusive (Corporation's accounts with Treasurer
of United States)
Cashbalanceat thecloseofbusinessMar. 31,1934,asperthebooksofthetreasurer ofthe
Corporation---------------------------------------------------------------------------Add: Checks issued priortoApr. 1,1934,and subsequently canceled--------------------Adjusted cash balance at the closeofbusiness Mar. 31,1934-----------------------pts:
Sale of notes---------------------------------------------------------- $323,000,000.00
Repayments of loans:
To banks and trust companies (including receivers).5122,704,873.40
T o credit unions---------------------------------61,679.52
T o building and loan associations----------------- 14,943,295.73
To insurance companies--------------------------- 16,709,491.70
T o joint-stock land banks------------------------- 1,728,912. 37
To livestock credit corporations------------------165,217.81
To
loan companies---------------------- 12,367,825.81
T o regional agricultural credit corporations-------- 16, 157,300.81
T o other agricultural credit corporations--383,801.67
T o railroads--------------------------------------- 1,051,942.65
To processors or distributors for payment of proc
essing taxes------------------------------------* 4,428.00

;

-

To State funds for insurance of deposits of public
I n on ey s -- - -- -- - -- - -- -- - -- - -- -- - -- - -- -- - -- - -- -- - -

3,186,092.70

For self-liquidating projects under sec. 201 (a)
(bonds and notes paid-par $682,504.02)---------

682,491.47

For repairsorreconstructionofproperty damaged
by earthquake, etc.------------------------------

26,686.29

For financingsaleofagriculturalsurplusesinforeign
markets----------------------------------------180,479.88
T o institutions undersec. 201 (d):
Credit Corporation--------------- 16,571,293.23
1,110,777.96

gººdity

$2,998,829.09
1,590.01

3,000,419. 10

54

REPORT OF THE RECONSTRUCTION FINANCE CORPORATION

TABLE 10.-Statement of cash receipts and expenditures during the second quarter,
Apr. 1 to June 30, 1934, inclusive (Corporation's accounts with Treasurer of
United States)—Continued
Receipts—Continued.
Repayments of loans—Continued.
Secured by preferred stock of banks and trust c o m
panies--------------------------

$618, 114.87
—
$208,654,705.87
Relief disbursements (1932 act) repaid---------------------------431,208.00
Preferred stock, capital note, and debenture retirements1,423,500.00
Interest and discount collected.----------------------- 20,633,712. 28
Accrued interest on notes sold
79,089.04
Premium on notes sold.--------------------------124,947.02
Dividends collected on preferred stock purchased
433,685.42
Reimbursable expense collected.----------------------------432,342.34
Repayments on advances for care and preservation of collateral-849,565.93
Collections on collateral (cash collateral)
36,430.24
Collections on collateral purchased.------88,378.79
Return of petty cash------------------------------------100.00
Capital reductions, regional agricultural credit corporations-----475,000.00
Refunds of expenses paid--------------------------------597.66
Unallocated, pending advices------------------------ 20,251,967. 15
Miscellaneous (including amounts credited in error)-------------89,054.40
-

-

-

-

-

-

-

-

-

-

$577,004,284. 14
580,004,703. 24

Expenditures:

Loan disbursements:

To banks and trustcompanies (including receivers) $73,354
To credit unions---------------------------------T o building and loan associ

1,966.80
331,585.68
25,300.00
68,440.61
To
loan companies---------------------- 43,913,336.82
To regionalagriculturalcredit corporations-------- 1,352,266.28

To insurance companies--------To livestockcreditcorporations-------------------

.

To other agricultural credit corporations-To railroads (includingreceivers)------------------

50,000.00

T o State funds for insurance of deposits of public
2,500,000.00

*noneys-----------------------------------------

For self-liquidating projects under sec. 201 (a)
(bonds and notes purchased—par $15,551,500)---- 13,387,048.09

For repair or reconstruction of property damaged
by earthquake, etc.------------------------------

131,647.23

For financing sale of agricultural surpluses in for
eign markets-----------------------------------T o institutions under sec. 201 (d):

3,076,935.35

Commodity Credit Corporation--------------- 57,496,855. 10
Other-----------------------------------------

,174.56

To drainage, levee, and irrigation districts--------- 2,111,493.73
Secured by preferred stock insurance companies--- 11,500,000.00
Secured by preferred stock banks and trust c o m
panies-------------------------------------------

5,828, 155.00
—

Relief grants (1933 act)

225,267,724.23
6,426,351.00

-

Payments ofsubscriptionsto ca

-

porations (increases)-------------------------------------------

-

-

800,000.00

Purchases ofcapitalnotes and debentures banks and trustcompanies. 74,459,000.00
Purchases of preferredstock banks and trust companies---------- -- 143,437,915.25
Redemption of notes “Series Feb. 1, 1934”-----------------------

-

-

1,645.32

Payments to Secretary ofthe Treasury (for purchase ofstock of Fed
eral H o m e Loan banks)--------------------------------------------

1,800,000.00

Payments to Secretary ofthe Treasury (for purchase ofstock of Home
Owners' Loan Corporation).---------------------------------------Advances forexpenses regionalagriculturalcreditcorporations (under

95,000,000.00

Farm Credit Administration).-------------------------------------Advances for expenses Federal Emergency Relief Administration
Advances for care and preservation of collateral---------------Refund of interest and dividend overpayments------------Release of cash collateral----------------------------------Interest on cash collateral to rediscounts-------------------Discount rebates and refund of unearned discount---------Release of funds held in suspense----------------Interest on notes
Accrued interest on bonds purchased (self-liquidating projects)-

878,500.00
6,310.82
272,330.14
114,000.32
172,717. 11
1,637.03
90,221.25
862,079.03
20,916,680.40
155, 144.69
9,160.00

-

-

-

-

-

-

-

-

-

-

Deposit with bid for purchase ofbonds (self-liquidating projects)Additions to petty cash funds-------------------- - - - - - - - - - - - - - - - Furniture and fixturesExpense-general-Expense-loan agency-

200.00

Expense-custodian-------------

Reimbursable expense---------------------------Miscellaneous (including refunds and adjustments for amounts cred
ited in error)----------------------------------------------------—
-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

31,006.76
990,722.00
1,067,059.43
529,700.91
320, 230.15
45,050. 55

Cash balance at the close of business June 30, 1934----------------------------------

573,655,386.39
6,349,316.85

Note.—In addition to funds on deposit with the Treasurer of the United States, custodian banks held
insuspense funds which amounted to$6,613,988.37 at the close of business Mar. 31,1934, and $7,461,279.77
at the close of business June 30, 1934.

REPORT OF THE RECONSTRUCTION FINANCE CORPORATION

55

TABLE 11.-Statement of cash receipts and expenditures during the 6 months Jan.

§ to June 30, 1934, inclusive (Corporation’s accounts with Treasurer of United
tates)

Cash balance atthecloseofbusiness Dec.31, 1933,as per thebooks ofthetreasurerofthe
Corporation-------------------------------------------------------------------------Add: Checks issued prior toJan. 1,1934, canceled during the month ofJanuary 1934---

$6,656,275. 70

Adjusted cash balance atthe closeofbusiness Dec. 31, 1933-----------------------------

6,657,256.44

980. 74

Receipts:
Sale of notes------------------------------------------------------ $1,038, 515,000.00
Repayment of loans:
T o banks and trust companies (including
receivers)---------------------------------- $283,389,284.78
81,163.57
T o credit unions---5
26,864, 147.46
T o building and loan associations
27,590, 188.67
T o insurance companies----------------4,907, 227.40
T o joint-stock land banks--------------876,711.65
T o livestock credit corporations----T o mortgage loan companies----------------- 36,599,364.83
T o regional agricultural credit corporations--- 38, 110,703.78
940, 192.44
T o other agricultural credit corporations-1,246,640.09
T o railroads

To processors or distributors for payment of
processing taxes---------------------------T o State funds for insurance of deposits of
public moneys----------------------------Forself-liquidating projects under sec. 201 (a)
(bonds, notes, and certificates paid—par,
$4,306,904.02)-------------------------------

5,428.00
4,836,788.41
4,306, 658.43

For repair or reconstruction ofproperty d a m
aged by earthquake, etc.-------------------For financing sale of agricultural surpluses in
foreign markets----------------------------T o institutions under sec. 201 (d):

400,617.46

Commodity Credit Corporation----------

32, 108, 120.40
1,663,683.59

Other-----------------------------------Secured by preferred stock banks and trust
companies----------------------------------

134,548.29
-

853,300. 72

-

Reliefdisbursements (1932act) repaid
Preferred stock, capital note, and debenture retirements
Sale of gold----------------------------------------------Interest and discount collected
Accrued interest on notes soldPremium on notes sold-------------------------------------------

-

-

-

-

-

-

-

-

Dividends collectedon preferred stockpurchased.--------- ------Reimbursable expense collected.---------------------------------Repayments on advances for care and preservation of collateralCollections on collateral (cash
Collections on collateral purchased
Return of petty cash---------------------------------------------

*...*-------------------------

Capital reductionsregionalagricultural credit corporations------Refunds of expenses paid.-------------------

Tnallocated pending advices---Miscellaneous (including amounts credited i
-

-

-

-

-

464,914,769, 97
454,278.00
1,568, 500.00
131,977,955. 52
33, 100,204.43
362, 553.79
124,947.02
1,741,300.89
- * * * **

1,701,935.77
330,211.68
116,580.78
100.00

2,300,000.00
10,456.83
27,571,273.41
750, 176.60
1,706, 149,797.78
1,712,807,054.22

Expenditures:
Loan disbursements:

To banks and trust companies (including
-

To
To
To
To
To
To

building and loan associations--insurance companies------------Federal land banks-----joint-stock land banks
livestock credit corporations--mortgage loan companies-----------onal agricultural credit corporations--T o other agricultural credit corporations----T o railroads (including receivers)------------T o processors or distributors for payment of
processing taxes----------------------------

-

-

-

6,991,272.96
1,966.80
1,370,268.90
1,650,429.93
51,500,000.00
229,765. 28
168,440.61
51,480,365.56
15,499,644.85
75,491.70
17,551,585. 55
6,816.69

To State funds for insurance of deposits of
public moneys------------------------- ---For self-liquidating projects under sec. 201 (a)
(bonds and notes purchased—par $30,935,
500)---------------------------------------For repair or reconstruction of property d a m
aged b y earthquake, etc.-------------------n
For financing sale of agricultural
foreign markets----------------------------

2,500,000.00
28,455, 183.96
5,539,486.35
7,453,260.03

56

REPORT OF THE RECONSTRUCTION FINANCE CORPORATION

TABLE 11.-Statement ofcash receipts and expenditures during the 6 months Jan.
1, to June 30, 1934, inclusive (Corporation’s accounts with Treasurer of United
States)—Continued
º

Expenditures–Continued.
Loan disbursements–Continued.
T o institutions under sec. 201 (d):
Commodity Credit Corporation---------- $170, 100,438.72
Other-------------------------------2,284,667. 31
T o drainage, levee, and irrigation districts---2,222,437. 07
Secured by preferred stock, insurance c o m
panies-------------------------------------- 11,500,000.00
Secured by preferred stock, banks, trust c o m
panies-------------------------------------7,934,655.00
—
—
$554, 516, 177.27
Relief grants (1933 act) ------------------------------------------178, 151,963. 13
Payments of subscriptions to capital regional agricultural credit
2,300,000.00
corporations (increases)-----------------------Purchases of capital notes and debentures, banks and trust c o m
panies-----------------------------------------179, 501,800.00
Purchases of preferred stock, banks and trust comp
365, 520, 105.25
Redemption of notes “Series of Feb. 1, 1934”--------------------131,575,460.82
Expense shipment ofgold from foreign countries to United States.
402, 512.00
Payments to Secretary of the Treasury (for purchase of stock of
Federal home loan banks)------------------------------------5,700,000.00
Payments to Secretary of the Treasury (for purchase of stock of
H o m e Owners' Loan Corporation)
Payments to land bank commissioner.------Payments to Federal Farm Mortgage Corporation
-

-

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

Advances for expenses, regional agricultural credit corporations

(under Farm Credit Administration).--------------------------Advances forexpenses Federal Emergency ReliefAdministration.-Advances for care and preservation of collateral------------------Refund of interest and dividend overpayments------------------Release of cash collateral----------------------------------------Interest on cash collateral to rediscounts-------------------------Discount rebates and refund of unearned discount---------------Release of funds held in suspense--------------------------------Interest o n notes-------------------------------------------------

Accrued intereston bonds purchased (self-liquidating projects)---Deposit with bid for purchase ofbonds (self-liquidating projects)--Additions to petty cash funds
Furniture and fixtures------------------------------------------xpense:
General------------------------------------------------------

Loan agency
Custodian.
Re im bu rs ab le e

-

Miscellaneous (includi
credited in error)---------------------------------------------

2,093,000.00
153,984.69
1,427,859.80
211,698. 26
378,049.87
6,759.91
108,330.57
1,469, 261.03
20,916,680.40
306,785.87
9, 160.00
200.00

102,456. 16
1,899,945. 89
2,205,789.76
1,112,031.31
679,259. 12
708, 466.26
$1,706,457,737.37

Cash balance at the close of business June 30, 1934--------------------------------

6,349,316.85

NotE.-In addition tofunds on deposit with the Treasurer of the United States, custodian banks held
insuspensefunds which amounted to$5,056,007.01 at the close of business Dec. 31, 1933, and $7,461,279.77
at the close of business June 30, 1934.

TABLE 12.-Statement of condition of the Corporation as of the close of business
June 30, 1934
Assets

Cash on deposit with Treasurer of United States---------------------------------------Funds held in suspense by custodian banks
Petty cash funds and travel advances----------------------------------------------

Allocated for expenses regional agricultural credit corporations (under Farm Credit
ministration)--------------------------------------------------------------------Allocated for Federal Emergency Relief Administration (1933 relief act) -------Allocated to Secretary of Treasury -------------------------------------------Allocated to Secretary of Treasury ----------------------------------------------------Allocated to land-bank commissioner *--------------- $300,000,000.00
Less: Reallocated to Federal Farm Mortgage C o
Allocated to Federal Farm Mortgage Corporation--------------------------------------Allocated to Secretary of Agriculture *
ess:

Reallocated as capital regional agricultural credit
corporations-------------------------------------- $44,500,000
Reallocated to Governor of Farm Credit Administra
tion----------------------------------------------- 40,500,000
Capital regional agricultural credit corporations----------------------------------------Allocated to Governor Farm Credit Administration------------------------------------Loans under sec. 5:
Proceeds disbursed (lessrepayments):
Banks and trust companies *--598,907,226.77
Credit unions--------------------------------------------------433,301.44
See footnotes on p. 58.

REPORT OF THE RECONSTRUCTION FINANCE CORPORATION

57

TABLE 12.-Statement of condition of the Corporation as of the close of business
June 30, 1934—Continued
ASSETS-Continued
Loans under sec. 5–Continued.
Proceeds disbursed (less repayments)—Continued.
Building and loan associations *--------------------------------- $40,441, 551.13
Insurance companies-------------------------------------------- 34,748,305.38
Federal land banks---------------------------------------------- 193,618,000.00
Joint-stock land banks-----------------------------------------9,307,538.81
Livestock credit corporations-----------------------------------1,716,658.95
Mortgage loan companies *-------------------------------------- 192,149,854. 16
Regional agricultural credit corporations-----------------------7, 198,787. 10
Other agricultural credit corporations--------------------------800,349.97
353,384,567.35
Railroads (including receivers)-------------rs or distributors for payment of processing taxes------8,722.38
State funds for insurance of deposits of public moneys---------3,476, 177.33
— $ 1 , 4 3 6 ,
Proceeds not yet disbursed:
Banks and trust companies *------------------------------------ $180,282,632. 39
Building and loan associations *--------------------------------534,332. 12
-

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

Insurance companies--------------------------------------------

191,040.77

400.

Federal land banks---------------------------------------------- * 193,618,000.
1,369,088. 16
Livestock credit corporations-----------------------------------174,440.98
Mortgage loan companies *-------------------------------------- 112,972,507.98
Regional agricultural credit corporations-----------------------1,173,385.43
Railroads (including receivers)----------------------------4,226,301.49
50.99
Processors or distributors for payment of processing taxes-------Industrial and commercial businesses--------------------------924, 500.00

Joint-stock land banks------------------------------------------

-

-

7495,276,339.54

Loansand contracts for self-liquidating projects,sec.201 (a):

s disbursed (less repayments) (by purchase of bonds, certifi
cates, and notes—par $86,187,795.98)-----------------------------------------------Proceeds not yet disbursed (contracts, bonds, certificates, and notes—
par $114,303,000)-----------------------------------------P

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loansforrepairor reconstruction ofproperty damaged by earthquake, etc.:
Proceeds disbursed (less repayments)----------------------------------------------Proceeds not yet disbursed.----------------------------------------------------------

84,934,609. 30
112,566,451.77
8,074,248.94
2,705,867.77

Loans under sec.201 (c),for financing sale of agricultural surpluses in foreign markets:
Proceeds disbur
lessrepayments)----------------------------------------------Proceeds not yet disbursed.----------------------------------------------------------

13,947,836. 58
8,207,456.34

Loans toinstitutionsunder sec.201 (d):
Proceeds disbursed (less repayments)-----------------------------------------------Proceeds not yet disbursed.----------------------------------------------------------

206,672, 199.30
215, 174,233,27

Loans todrainage, levee, and irrigation districts:
Proceeds disbursed.-----------------------------------------------------------------Proceeds not yet disbursed.---------------------------------------------------------

Loans secured by preferredstock insurance companies:
Proceeds disbursed.----------------------------s not yet disbursed

Loanssecured by preferredstock banks and trust companies:
Proceeds disbursed (less repayments)----------------------------------------------Proceeds not yet disbursed.---------------------------------------------------------Reliefauthorizations (1932act):
Proceeds disbursed (less repayments)-----------------------------------------------Proceeds not yet disbursed

Preferred stock banks and trust companies:
Purchased (less retirements)-------

Subscriptionsauthorized------------------------Capital notes and debentures banks and trust companies:
Purchased (lessretirements)--------------------------------------------------------

Subscriptions authorized-----------------------------------------------------------Advances for careand preservation ofcollateral
Proceeds disbursed (lessrepayments)-----------------------------------------------Proceeds not yet disbursed.----------------------

-

Collateralpurchased (costlessproceeds ofliquidation).----...---------------------------Accrued interest receivable--------------------------------------------------------------

Reimbursable expense------------------------------------------------------------------Furniture and fixtures----------509,752.78
5,342,748,768. 20
liabilities a n d capital

Payable on certificateof Federal Emergency ReliefAdministration (1933 reliefact)-----Payable toSecretary oftheTreasury -------------------------------------------------Payable toSecretary ofthe Treasury -

6,541,872
295

Payable to land bank commissioner a

:

6,

,461

Proceedsnot yet disbursed:
* n s under sec. 5-----------------------------------------------------------------

Loans and contracts forself-liquidating projectssec.201-a--------------------------Loans forrepairor reconstruction ofproperty damaged by earthquake, etc.--------Loans

sec. 201-c, for financing saleofagricultural surpluses inforeign markets---

Seefootnotes on p. 58.

::

58

REPORT OF THE RECONSTRUCTION FINANCE CORPORATION

TABLE 12.-Statement of condition of the Corporation as of the close of business
June 30, 1934—Continued
-

LIABILITIES A N D CAP ITA L-c ont inu ed

Proceeds not yet disbursed—Continued.
Loans to institutions under sec. 201-d----------------------------------------------- $215, 174,233.27
Loans to drainage, levee, and irrigation districts--5, 9.
Loans secured by preferred stock insurance companies-3,500,000.00
Loans secured by preferred stock banks and trust comp
3,217,850.00
Relief authorizations (1932 act)-----------------------------------------------------15,001.00
Advances for care and preservation of collateral-------------------------------------105,389.27
Subscription authorizations:
Preferred stock banks and trust companies-------------------------------------94,743,460.00
Capital notes and debentures banks and trust companies-----------------------83,757,500.00
Cash receipts not allocated pending advices--------------------------------------------12,915,493,66
Miscellaneous liabilities (including suspense).----------------9,379,266.21
Liability for funds held pending adjustment--------------------------------------------2, 50.1. 81
U n e a r n e d discount---------------------------------------------------------------------101,733, 52
Interest paid in advance----------------------------------------------------------------310,302. 60
Interest and dividend refunds and rebates payable-------------------------------------130,721.72
Interest accrued------------------------------------------------------------------------8,971, 109.88
-

-

-

-

-

-

Deferred credits:

Income on collateral purchased.----------------------------------------- $101,165.59
Premium on sale of notes----------------------------------------------121,043.26
Notes, series D, E, F, and G
Capital stock------------------

Surp
lus Dec.31,1933.----Reserve for selfinsurance--

22, 208.85

3,489,814,666.67
500,000,000.00
,102, 163.64
100,000.00

-

39,202, 163.64

Surplus adjustinent

11,785.83

Interest earned lessinterestand expenses (Jan. 1, 1934 through June 30, 1934)-Total-----------------------------------------------------------------------------

10,865, 387.92

5,342,748, 768.20

iSec. 2 of the Reconstruction Finance Corporation Act, as amended by the Federal Home Loan Bank
Act, provides that “in order to enable the Secretary of the Treasury to make payments upcn stock of
Federal hone loan banks subscribed for by him, in accordance with the Federal Hicnie Loan Bank Act,

the sum of$125,000,000 or so much thereo as ILay be necessary for such purpose, is hereby allocated and
mad e available to the Secretary of the Treasury cut of the capital of the Corporation and/or the proceeds
of notes, debentures, bonds, and other obligations issued by the Corporation.” The amount of such stock
subscribed for by the Secretary of the Treasury is$124,741.000.

*Sec.4–b ofthe Home Owners' Loan Act of 1933, provides that “the Board (Federal Home Loan Bank
Board) shall determine the minimum amount of capital stock of the Corporation (Home Owners' Loan
Corporation) and is authorized to increase such capital stock from time to time in such amounts as may

º

be necessary, but not to exceed in the
te $200 000,000. Such stock shall be subscribed crby the
Secretary of the Treasury on behalf of the United States, and payments for such subscriptions shall be
subject to call in whole or in part by the Board and shall be made at such time or times as the Secretary
of the Treasury deems advisable. In order to enable the Secretary of the Treasury to make such payments
when called, the Reconstruction Finance Corporation is authorized and directed to allocate and m a ke
available to the Secretary of the Treasury the s um of$200,000,000, or so m uch thereof as m ay be necessary,
and for such purpose the amount of notes, bonds, debentures, crother such obligations which the Re co n
struction Finance Corporation is authorized and empowered under Sec. 9 of the Reconstructicn Finance
Corporation Act, as amended, to have outstanding at any time, is hereby increased by such amounts as
The amount of such stock subscribed for by the Secretary of the Treasury is

§ º *ary."

*Sec. 30 (a) of the Emergency Farm Mortgage Act of 1933 made $100,000,000 available to the farm loan
(now land bank) commissioner for loans to joint-stock land banks. Sec.32 ofthe same act made $200,000,000
available to the farm loan (now land bank) commissioner for direct loans to farmers. Of the amount
ma de available under sec. 32, $145,000,000 was paid to the land bank commissioner, and the balance,
$55,000 000, was reallocated and paid to the Federal Farm Mortgage Corporation under sec. 3 of the F e d
eral Farm Mortgage Corporation Act.
* Sec. 2 ofthe Reconstruction Finance Corporation Act, as amended, made available to the Secretary of
Agriculture $200,000,000. Of this amount $135,000,000 was paid to him of which $20,000,000 was returned
to the Corporation. Of the $85,000,000 difference $44,500,000 was reallocated and disbursed as capital of
the regional agricultural credit corporations (sec. 201 (e) Emergency Relief and Construction Act of 1932).
The remainder, $40,500,000, was made available and has been paid to the Governor of the Farin Credit
Administration, pursuant to the provisions of Sec. 5 (a) (1) of the Farm Credit Act of 1933.
* Loans under sec. (5) of the Reconstruction Finance Corporation Act to aid in the reorganization or
liquidation of closed institutions have been authorized in the aggregate amount of $804,048,079.56, of which
$76,707,404.73 has been canceled. After taking into consideration repayments of $183,229,673.37 items (5)
of the balance sheet include the balance of$361,823,036.24 representing proceeds disbursed (lessrepayments)
and $182,287.965.22 representing proceeds not yet disbursed, exclusive of $12,382,948.73 loans approved in
principle upon the performance of specified conditions.
* Represents refinancing of loans previously made by the Corporation to Federal land banks for different
individual amounts, but in the same aggregate amount.
7 Includes $193,618,000 representing refinancing of loans previously made by the Corporation to Federal
land banks for different individual amounts, but in the same aggregate amount.

In addition to loans and other authorizations reflected on the statement of

condition, the Corporation has approved in principle loans in the amount of
$51,861,750.57 and purchases of preferred stock, capital notes, and debentures
of banks and trust companies in the amount of $77,208,500 and purchase of
preferred stock of an insurance company in the amount of $100,000 upon the
performance of specified conditions.
This statement of condition does not take into consideration expenditures

incurred but not paid by the Corporation at the close of business June 30, 1934,
nor income of regional agricultural credit corporations whose capital stock was

subscribed by the Corporation.
O

~