The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
~UARTERIJY REPORT OF RECONSTRUCTION
FINANCE CORPORATION
QUARTER ENDING JUNE 30, 1939
RECONSTRUCTION FINANCE CORPORATION,
Washington, August 16, 1939.
S1R: Pursuant to the provisions of section 15 of the Reconstruction
nance Corporation Act, as amended, the Reconstruction Finance
>rporat.ion has the honor to submit the following report covering its
,e rations for the second quarter of 1939, and for the period from the
ganization of the Corporation on February 2, 1932, to June 30, 1939,
dusive.
OPERATIONS-SECOND QUARTER OF 1939
During the second quarter of 1939, the operations of the Corporatn were as follows:
·Under section 5 of the Reconstruction Finance Corporation Act,
r amended,
30 authorizations were made, which, together with
creases in loans previously approved, aggregated $33,660,677.99, as
~ows: $9,113,178.57 to aid in the reorganization or liquidation of
t>sed banks; $.537,900 to building and loan associations; $8,189,599.42
~ mortgage loan companies; and $15,820,000 to railroads (including
l,500,000 to railroad receivers, representing purchase of equipment
µst obligations of a railroad; and $320,000, principal amount, reprepting guaranty of equipment trust certificates of the receivers of a
jlroad, sold by the Corporation).
rlJnder section 5d of the Reconstruction Finance Corporation Act,
l amended, the Corporation made 503 authorizations to business
lterprises~ These authorizations, together with increases in authori·ons previously made, aggregated $32,814,768.57, as follows:
ans, $21,843,949.12 (including $3,892,851.69 of participations sold,
to be sold); and purchases of participations and agreements to
chase participations, $10,970,819.45.
nder section 5d of the Reconstruction Finance Corporation Act,
amended, 15 loans to public agencies to aid in financing projects
orized under Federal, State, or municipal law, were authorized.
e loans, together with increases in loans previously authorized,
egated $8,795,900 .
. :pder section 5e of the Reconstruction Finance Corporation Act,
amended, four loans on the assets of closed banks and trust com_- ·es, aggregating $628,175, were authorized.
.
. nder section 304, title III, of the act approved March 9, 1933, as
. nded, the Corporation made 18 authorizations aggregating
.,248,500, as follows: Subscriptions for preferred stock of banks
trust companies, $11,009,500; and purchases of debentures of
sand trust companies, $239,000.
1
2
REPORT OF RECONSTRUCTION FINANCE CORPORATION
Under section 36, title II, of the Emergency Fann Mortgage Act of
1933, as amended, 50 loans to or for the benefit of drainage, levee,
irrigation, and similar districts, aggregating $2,255,261.25, were
authorized.
Under section 14 of the act approved June 19, 1934, as amended,
which empo,vers the Corporation to make mining loans, etc., four
loans aggregating $1,558,000, were authorized.
Under the act approved August 24, 1935, one loan to or for the
benefit of n tax-supported public-school district in the amount of
$49,500, was authorized.
Summarizing the foregoing, 624 authorizations were made during
the second quarter of 1939. These, together with increases in authorizations previously made, aggregated $91,010,782.81. Cancelations or
,vith~rawals of authorizations made during the second quarter an~
previously aggregated $10,459,352.42.
~,
Disbursements during the second quarter of 1939 were $172,320,-1
878.27; and repayments and other reductions, $189,461,208.36. The :
decrease in the amount outstanding on June 30, 1939, as compared '
1
with March 31, 1939, was $17,140,330.09.
OPERATIONS-FEBRUARY 2, 1932, TO JUNE 30, 1939, INCLUSIVE
During the entire period fro1n the organization of the Corporationi
on February 2, 1932, to June 30, 1939, inclusive, the following were ·
authorized:
1
Under section 5 of the Reconstruction Finance Corporation Act, j
as amended, 19,707 authorizations to 9,154 institutions, aggregatingl
$4,852,263,189.94, were made, as follows: $2,461,819,630.81 to 7,346 ~
banks and trust companies (including $1,126,978,194.66 to aid in the t
reorganization or liquidation of closed banks); $155,953,537.75 to~
1,035 building and loan associations (including $25,306,796.19 to1
receivers of closed building and loan associations); $104,439,750.19:~
to 133 insurance companies; $714,355,574.21 to 424 mortgage loan·1
companies; $642,967.80 to 7 credit unions; $399,636,000 to 12 Federal•
land banks (including $193,618,000 representing refinancing of loans ;
previously made by the Corporation to Federal land banks for different 1
individual amounts, but in the same aggregate amount); $29,035,359.13 ;
to 27 joint-stock land banks; $9,250,000 to 8 Federal intermediate ,
credit banks; $6,120,867.59 to 20 agricultural credit corporations; i
$178,840,452.48 (rediscounts) to 12 regional agricultural credit cor- ,
porations and their branches; $14,511,327.88 to 19 livestock credit ;
corporations; $763,734,216.95 to 81 railroads (including $21,022,173.95 ~
to trustees of railroads; $27,086,708 to railroad receivers; $320,000, j
principal amount, representing guaranty of equipment trust certifi- J
cates of the receivers of a railroad, sold by the Corporation; and
$5,350,000 representing guaranty of notes of railroads); $26,089.27 to '
7 processors, or distributors to pay proc_essin~ taxes; $13,087,715.88 _to i
a State. fund created for the purpose of msurmg repayme~t of depo~1ts ~
of pubhc moneys; and $809,700 to 22 borrowers engaged m the fishmg ;
industry.
· :i
Under section 5c of the Reconstruction Finance Corporation Act;·i
as amended, five subscriptions for capital stock of three mortgage ,~
loan companies aggregating $37,250,000, were authorized.
·
I
Under section 5d of the Reconstruction ·Finance Corporation Act, i
as amended, 7,918 authorizations to 6,848 business enterprises, aggre- i
j
,,
l
REPORT OF RECONSTRUCTION FINANCE CORPORATION
3
f
, ting $351,125,227.42, were made as follows: Loans in the amount of
66,510,588.86 (including $9,420,485.13 of participations sold, or to
sold) to 5,349 businesses; and purchases of participations and
. reements to purchase participations in the amount of $84,614,638.56
eluding $20,878 of participations sold, or to be sold) in loans to
499 businesses.
Under section 5d of the Reconstruction Finance Corporation Act,
amended, 102 loans aggregating $97,834,327.81 to 85 public agen· es to aid in financing projects authorized under Federal, State, or
· _unicipal law, were authorized .
. Under section 5e of the Reconstruction Finance Corporation Act,
amended, 204 loans aggregating $89,781,430.98 on the assets of 191
: osed banks and trust companies, were authorized.
1; Under the Emergency Relief and Construction Act of 1932, as
tmended, 841 authorizations to 336 applicants, aggregating $2,484,t87,852.85, were made as follows: Under section 1, title I, $300,000,000
1ras made available to 42 States and 2 Territories for purposes of
lief and work relief;_ under section 201 (a), title II, a_s amended, loa~s
r contracts aggregatmg $400,092,487.36 were authorized to 176 apph. ts for self-liquidating projects, and loans aggregating $10,450,232.20
lrere auth?ri~ed to 6 applicants for financing the repair or reconstru~fion of buildmgs damaged by earthquake, fire, tornado, or cyclone 1n
. 933; under section 201 (c), title II, loans aggregating $83,370,955.22
"7ere authorized to 4 applicants for the purpose of financing sales in
f oreign markets of agricultural surpluses; and under section 201 (d),
4i.tle II, loans aggregating $1,690,774,178.07 were authorized to 106
• pplicants to aid in financing the carrying and orderly marketing of
,, gricultural commodities and livestock, produced in the United States
including authorizations of $1,604,712,664.99 to the Commodity
rJJredit Corporation).
\.mUnder section 304, title III, of the act approved March 9, 1933, as
· . ended, 8,653 loans on and subscriptions for preferred stock, and
. urchases of capital notes or debentures, of 6,855 banks and trust
f mpanies, aggregating $1,339,304,589, were authorized, as follows:
,120 loans secured by preferred stock of banks and trust companies,
23,189,755; 4,397 subscriptions for preferred stock of banks and trust
: . mpanies, $882,364,484; and 3,136 purchases of capital notes or
J ebentures of banks and trust companies, $433,750,350.
~ Under section 5, title I, of the Agricultural Adjustment Act of 1933,
~ amended, 2 loans to the Secretary of Agriculture to acquire cotton,
; gregating $23,500,000, were authorized. Of this amount $20,200,000
· as canceled.
Under section 36, title II, of the Emergency Farm Mortgage Act
1933, as amended, 1,102 loans to or for the benefit of 635 drainage,
~.vee, ifrigation, and similar districts, aggregating $138,614,276.19~
ere authorized.
·, Under section 1 of the act approved June 10, 1933, as amended, 1
ubscription for, and 12 loans on, the preferred stock of 10 insurance
· mpanies, aggregating $34,475,000, were authorized, as follows:
ans secured by preferred stock of 9 insurance companies, $34,375,000;
d a subscription for preferred stock of 1 insurance company,
E
t
i
.100,000.
4
REPORT OF RECONSTRUCTION FINANCE CORPORATION
Under the act approved April 13, 1934, as amended, 705 loans
667 borrowers to finance the repair of damage by earthquake, floo
or other catastrophe, aggregating $5,734,288.75, were authorized.
_·
Under section 14 of the act approved June 19, 1934, as amende - -:
151 loans to 130 borrowers engaged in the business of mining, mi11in
or smelting of ores, etc., aggregating $13,934,500, were authorize
Under section 16 of the act approved June 19, 1934, as amended~
one loan of $22,500,000 for the purpose of payment of teache
salaries was authorized. Of this amount $200,000 was canceled.
l
Under the act approved August 24, 1935, 30 loans to 28 tax-su .1
ported public-school districts or other similar public-school authoritiee.
in charge of public schools, aggregating $2,136,300, were authorize<h
Under section 3 (a) of the Rural Electrification Act o.f 1936, 8$
amended, one loan in the amount of $146,500,000 was authorized.
Summarizing the foregoing, authorizations aggregating $9,639,1
640,982.94 were made during the period from February 2, 1932, ti
June 30, 1939, inclusive. Of this amount $2,115,276,734.63 was lat01
withdrawn or canceled, and $7,213,739,415.08 was disbursed. Repay:
ments and other reductions amounted to $5,460,811,431.04, of whic ~
$282,825,766.70 represents cancelation of the Corporation's notes,.
pursuant to the provisions of the act approved February 24, 193 .
equivalent to the balance of the amounts disbursed for relief and wor ::
relief under title I of the Emergency Relief and Construction Act ·
1932, as amended. This left $1,752,927,984.04 outstanding on t~
~
books of the Corporation at the close of June 30, 1939.
In addition , the Corporation had outstanding on June 30, 193~
agreements to makA authorizations, totaling $467,205,860.51, upon th '
performance of specified conditions.
•
;~
,,.
PAYMENTS UNDER FEDERAL EMERGENCY RELIEF ACT OF
1933
J.
.
Under section 2 (a) and section 6 of the Federal Emergency Reliej
Act of 1933, the Corporation, during the second quarter of 1939, di~
bursed $1 for the account of the Works Progress Administrator ( ·
successor to the Federal Emergency Relief Administrator) for e~
penses necessary to carry out the provisions of that act, making a n~
total of $349,011 .22 so disbursed through June 30, 1939. Upo~
certification of the Federal Emergency Relief Administrator, the Cor-;
poration, under the provisions of the act mentioned, had made pay~
ments for relief aggregating $499,650,000 through June 30, 1939.
SECURITIES PURCHASEil FROM FEDERAL EMERGENCY ADMINISTRATION 0
PUBLIC WORKS
Under the Emergency Appropriation Act, fiscal year 1935, ap ~
proved June 19, 1934, the Corporation during the second quarter o
1939, agreed to purchase $5,558,500 net face amount of marketabl
securities from the Federal Emergency Administration of Publi ,'
Works and canceled $22,794,000 (face amount) of authorizations t.
purchase such securities, made during prior quarters.
~
From June 19, 1934, to June 30, 1939, inc]usive, the Corporatio ,
purchased from the Federal Emergency Administration of Publi
Works securities having a par value of $640,944,048.90. Of thi
amount, securities having a par value of $470,433,020.72 were sold
at a premium of $13,461,747.75 (including securities having a pa
REPORT OF RECONSTRUCTION FINANCE CORPORATION
5
ue of $64,530,674.30 sold to issuers prior to maturity at a premium
$374,140.64). Securities having a par value of $143,982,389.91
ere held at the close of business June 30, 1939. In addition, the
- rporation had agreed to purchase, to be held and collected or sola
. a later date, such part of securities having an aggregate par value
· $36,055,000 as t,h e Federal Emergency Administration of Public
orks is in a position to deliver from time to time.
PAYMENTS TO THE FED;ERAL HOUSING ADMINISTRATOR
Under section 4, title I, of the National Housing Act approved
. e 27, 1934, the Corporation during the second quarter of 1939,
. · . $4,400,000 to the Federal Housing Administrator. This made
.total of $73,546,074.55 so paid through June 30, 1939.
DISASTER LOAN CORPORATION
Under the act approved February 11, 1937, as amended, creating
, Di<Jaster Loan Corporation with nonassessable capital stock, and
· powering it to make such loans as it may determine to be necessary
. appropriate because of floods or other catastrophes in the years
-.36, 1937, 1938, 1939, or 1940, the Corporation during the second
~ - rter of 1939, subscribed and paid for $4,000,000 of the capital
ck of Disaster Loan Corporation. This made a total of $18,000,000
subscribed and paid for through June 30, 1939.
NOTES OF THE RECONSTRUCTION FINANCE CORPORATION
· During the second quarter of 1939, the Corporation. Sold $500,000 series P notes; and $33,000,000 series Q-2 notes;
d redeemed and canceled $133,000,000 of its series Q-1 note; and
8,000,000 series Q-2 notes. In addition, pursuant to the provions of the act approved February 24, 1938, the Secretary of the
· easury canceled the Corporation's series Q-1 note to the extent of
,50~,251, s!lch amount being equal to disbursements. by the Cor. ration dunng the second quarter of 1939, for allocations to other
. vernmental agencies.
As of June 30, 1939, there were outstanding $1,062,736,627.43 of
. e Corporation's notes, as follows:
.
Series N______________________ __________________ $211,460,000.00
'
Series P ________________________________________ 298, 139, 000. 00
SeriesQ-l___ ______ _________ __________ ________ __ 57,047,627.43
SeriesQ-2 __ _____ _______________________ ____ __ __ 186,000,000.00
Series R--- , ---- --- --- ----- -- ----------- ---- ---- 310,090,000.00
Total ______ __ _______ ___ _____ _______ _____ 1,062,736,627.43
TABLES
The following tables are attached:
• hie 1. Aggregate loan and other authorizations, purchases of securities from Public Works Administration, and allocations to other
governmental agencies, by classes, from February 2, 1932, to June
30, 1939, inclusive, and commitments outstanding, by classes, as of
. J une 30, 1939.
·able 2. Aggregate loan and other authorizations, by classes, during
. the second quarter of 1939.
6
REPORT OF RECONSTRUCTION FINANCE CORPORATION
'fable 3. Number of authorizations, and number of new borrower~
etc., to which authorizations were made, by State~, during tht
,.
second quarter of 193 9.
Table 4. Number of authorizations and borrowers, to which author· ·.
zations were made; and amount of authorizations, withdrawals o ·.
cancelations, disbursements, and amount outstanding, from Febru~
ary 2, 1932, to June 30, 1939, inclusive, by States.
·
Table 5. Loan and other authorizations, by character of loans, etc.,
·
from February '2, 1932, to June 30, 1939, inclusive.
Table 6. Total loan and other authorizations from February 2, 1932;
to June 30, 1939, inclusive, by months.
Table 7. Loans to aid in the reorganization or liquidation of closed
banks and trust companies from February 2, 1932, to June 30, 1939~
inclusive, by States (includes loans to receivers, liquidating agents,
and conservators, and loans through mortgage loan companies. to
aid in the reorganization or liquidation of closed banks, under section 5 of the Reconstruction Finance Corporation Act, as amended;
and loans on the assets of closed banks and trust companies under
section 5e of the Reconstruction Finance Corporation Act, a~
amended).
'
Table 8. Loans on and purchases of preferred stock, and purchases of
capital notes or debentures, of banks and trust companies, disbursed from Nlarch 9, 1933, to June 30, 1939, inclusive; and outJ
standing as of June 30, 1939 (under sec. 304, title III, of the act
~
approved March 9, 1933, as amended).
Table 9. I"'oans authorized (and commitments outstanding as of June
30, 1939) to business enterprises, from February 2, 1932, to June
30, 1939, inclusive, by size of loans (includes loans and participations, and commitments outstanding, under sec. 5d of the Reconstruction Finance Corporation Act, as amended; loans to borrow~
ers engaged in the fishing industry under sec. 5 of the Reconstruc~
tion Finance Corporation Act, as amended; and loans to busines~
enterprises through banks and mortgage loan companies und~v
sec. 5 of the Reconstruction Finance Corporation Act, as amended) ~,
Table 10. Number of business borrowers to which authorizations
were made; and amounts authorized, etc., from February 2, 1932~
to June 30, 1939, inclusive, by industries (includes loans and pa.rticipations, and comn1itments outstanding, under sec. 5d of the,
Reconstruction Finance Corporation Act, as amended; loans to
borrowers engaged in the fishing ind us try under sec. 5 of the Reconstruction Finance Corporation Act, as amended; and loans to,
business enterprises through banks and mortgage loan companies
under sec. 5 of the Reconstruction Finance Corporation Act, as
amended).
Table 11. Part /.-Loans on self-liquidating projects by types of.
project (under sec. 201 (a), title II, of the Emergency Relief and~
Construction Act of 1932, as amended) from July 21, 1932, to·
June 30, 1939, inclusive.
~
Part JJ.-Loans to public agencies to aid in financing projects
authorized under Federal, State, or municipal law by types of
project (under sec. 5d of the Reconstruction Finance Corporation'
Act, as amended) from April 13, 1938, to June 30, 1939, inclusive.
i~
{.J
lf
REPORT OF RECONSTRUCTION FINANCE CORPORATION
7
(
iTable 12: Number of banks and !rust companies to which loans were
authonzed, and a.mount authorized, under sec. 5 of the Recon~truc1'. tion Finance Corporation Act, as amended, by size of cities or
""' towns, from February 2, 1932, to June 30, 1939, inclusive.
able 13. Names and compensation of directors, officers, and ernployees of the Reconstruction Finance Corporation receiving from
~- the Corporation more than $400 per month, as of June 30, 1939.
fTable 14. Stateme.at of cash receipts and expenditures from January
l - 1, 1939, to June 30, 1939, inclusive (Corporation's accounts with
I Treasurer of United States).
, Table 15. Statement of condition as of the close of business June 30,
r:
r
?
1939.
·..
1,
Respectfully,
EMIL SCHRAM,
••..
GEORGE
R.
Chairman .
COOKSEY,
Secretary.
1
The
The
PRESIDENT OF THE SENATE.
SPEAKER OF THE HousE OF REPRESENTATIVES.
l 72UJ9-39--2
1.-Aggregate loan and other authorizations, purchases of securities from Public Works Administration, and allocations to other governmental agencies, by classes, from Feb. 2, 1932, to June 30, 1939, inclusive, and commitments outstanding, by classes, as of June 30, 1939
TABLE
00
PART I.-LOAN AND OTHER AUTHORIZATIONS
Authorizations
Loans under sec. 5 of the Reconstruction Finance Corporation Act, as
amended:
Banks and trust companies:
Receivers, liquidating agents and conservators-. _______________ -·-· ··
Others 1_ · · · · · · · · · · · · · · · · · · · - · · · · · · · · · · · · · · · · · ··-···-····--- · · · · · · · · · ·
Total, banks and trust companies s__ . _..•• -·-····· ---···-. -····· _...
Building and loan associations:
Receivers-················· ·········-·-········ ····-· ······-·-·······
Others--·······················-······-··-·-·-···-· ···---··- -····· ·--
Withdrawalc; or
cancelations
Disbursements
Repayments and
other reductions 1
Outstanding as of
June 30, 1939
t:d
t_tj
~
0
~
0
$1,126,978,194.66
1,334,841,436.15
$276,580,329.63
196,431,155.53
,-------!
$838,619,791.65
1,138,348,280.62
1,976,968,072.27
473,011,485. 16
2,461,819.630.81
l=======l=======I=== ====
Total, building and loan associations_················-·--··········
Insurance companies •..••...•••.• -···-·····················-·············
Mortgage loan companies:
To aid in the reorganization or liquidation of closed banks_..........
To business enterprises ____ --··......................................
To The RFC Mortgage Co_--·-----·-_······-······---··--··········
To Federal National Mortgage Association ..• ·······-···--········ ..
Others_···-·····-·····-······-·--···-··········-·· ····-·----···--···Total, mortgage loan companies._._ .••••.•.•.•... _...... _......•. _
$30,771,732.11
74,100,326.19
$807,848,059.54
1,064,247,954.43
104,872,058.30
1,872,096,013.97
25,306,796.19
130,646,741.56
22,352,231.92
7,397,676.33
2,954,564.27
116,996,165.23
2,337,761.57
114,285,215.84
616,802.70
2,710,949.39
155,953,537. 75
29,749,908.25
119,950,729.50
116,622,977.41
3,327,752.09
104,439,750.19
13,331,441.86
90,693,209.81
87,861,695.18
2,831,514.'13
~
t:d
t_tj
a
0
~
U).
H
~
a
H
~
0
122,297,898.40
16, 422, 275. 00
122,801, 777. 32
100,000,000.00
352.833,623.49
714, 3,55, 574. 21
102,957,629.99
103,011.807. 35
5, 701, 8.35. 15
115,058,389.06
65,830, l68.04
242,049,158. 29
84,717,385.39
4,755,809.75
82.964, 708.93
38,834,237.65
195,006,740.75
18,294,421.96
946,025.40
32,093,680.13
26,995,930.39
47,042,417.54
131,968,086.07
531. 651, 357. 89
406,278,882.47
125,372,475.42
584,048.21 I
I 387, 236, 000. 00
19,186,660.09
9,250,000.00
5,562,456.89
173,243,640.72
12,971,598.69
18,290,016.23
10,720,439.85
16,047.58
Credit unions ____ ._-·............................................... .....
Federal land banks............................................ ..........
Joint•stock land banks-.•.• -···--····-···-·-· ..••.••• ·· ···--·············
Federal intermediate credit banks .••.. -·-··········· ···- ·---··-·-·······
Agricultural credit corporations ______ ···-··-···-·····-·---·-············Regional agricultural credit corporations ....•••.•.....•.....•.•.••• _.....
Livestock credit corporations ••. ---·· ....•••.••.•••.•..•.. ·············-Railroads:
Receivers and trustees........................................... ....
Others...••• , ••••••••••••••••.•.•.•••••••••••••••••. ___ . ___ .•••.•••..
642, 967. 80
1 399,636,000. oo
29,035,359.13
9,250,000. 00
6,120,867.59
178,840,452.48
14, 511, 327. 88
42,872.01
12,400,000.00
6,525,423.92
477,249.37
5,596,811.76
1,539,729.19
600.095. 79
I 387, 236, 000. 00
22,423,504.87
9,250,000.00
5,643,618.22
173,243,640.72
12,971,598.69
48,428,881.95
715, 305, 335. 00
844,791.00
105,548,764.89
'6,479,890.95
603,471,570.11
12,344,062.20
198,407,943.75
34,135,828.75
405,063,626.36
Total,rallroads ••• _.~····-··---··--···········-·-·-··-·~·--·-······
763,734,216.95
106,393,555.89
649, 951, 461. 06
210,752,005.95
439,199,455.11
• ·-
• J.a
'
• .,_
3, 236, 844. 78
81,161.33
•. ~
•
... •':':.
~
~
~
~
>
~
a
t_tj
a
0
rJ0
§
0
~
• ...,.;;,,._,. .. ,
•.,-dLI..
State
tunds created toitlie-purposeo'Bnsuriiii' repaymentol deposiis·or
public moneys _______________ -- _____ ----- ---~- _____ ---- _.; _________
- _•••
13,087,716.88
809,700.00
Borrowers engaged in the fishing industry •• -------------------------- --1;-------Total, sec. 5 of the Reconstruction Finance Corporation Act, as
4,852,263,189.94
amended----------------- -------------------------- -------- ----------
23,084.70
90,025.00
13,064,631.18
719,675.00
13,064.631.18
378,692.04
-------------------Ml,082.96
781,161,044.39
3,994,382,313.06
3,316,103,920.86
679, 278. 392. 20
1·======1= =====1·=== ===1===== =1======
Subscriptions for stock of mortgage loan companies under sec. 5c of the Reconstruction Finance Corporation Act, as amended:
25,000,000.00
The RFC Mortgage Oo ________ -- ---- -- ---- ---------- -- ---- ---- ---- --- --11,000,000.00
Federal National Mortgage Association,------------ --------------···-·-1,250,000.00
Others-·----------··---·· -··- ···-·-· ·····-· ·-·-·---···-------····-·-- ---1
----Total, sec. 5c of the Reconstruction Finance Corporation Act, as
37,250,000.00
amended.------·-----··- -·-·-·---·-·------------·-- -·-·----·-·---·--Authorizations under sec. 5d of the Reconstruction Finance Corporation Act,
as amended:
Authorizations to business enterpris~s:
Loans----·-······-··----- -----··------------------- -------------·--Purchases of participations ... _____ . ___________ ···-._ •.• _•••• _._._ •••
Agreements to purchase participations_··-··· •••......•..••.. · ··--··-
25,000,000.00
11,000,000.00
25,000,000.001-·-···-·· ····-·-····
11,000,000.00 -·-··-··--·--·-·----
1,250,000.00
--------------------•--------------------•--------------------
1,250,000.00
l======t======I
36,000,000.00
36,000,000.00 1-·--·····-·-····-·-·
f
266, 510, 588. 86
6 24, 411, 733. 37
6 60, 202, 905. 19
65, 116, 013. 89
8, 079, 241. 44
12,624,867.40
157,384,008.07
14,733,679.84
1,588,533.80
50,090,666.23
6,362,135. 96
174,126.82
- -------1----- ---1
1---------1-
107, 293, 341. 84
8,371,543.88
1,414,406.98
85, 820, 122..73
173, 706, 221. 71
56,626,929.01
117,079,292.70
97,834,327.81
9,502,200.00
34,369,253.73
22,439,553.73
11, 929, 700. 00
Total, sec. 5d of the Reconstruction Finance Corporation Act, as
amended--·---·-------- ------··-····----------··- --·······--··--····
44&,959,555.23
95,322,822. 73
208,075,475.44
79,066,482.?4
129,008,992.70
89,781,430.98
34, 135, 461. 93
45,423,922.58
42,129,230.94
3,294,691.64
Total, sec. 201 (d), title IL----·--------------·--- ------ ----·-·-----
1------
I====--
I=====....._
See footnotes at end of table.
.
~
I
-
z
~
~
C
1-3
~
0
z
l'%j
~
z
>
z
C
t_tj
400,092,487. 36
31,841,243.14
321,262,641.28
281,995,456.61
39,267,184.67
10,450,232.20
83,370,955.22
1, 921, 124. 10
33,146,368.56
8,529,108.10
47,224,586.66
8,332,703.84
23,744,134.75
196,404.26
23, 480, 451. 91
1,604,712,664.99
86,061,513.08
836,995,702.78
66,367,021. 30
767,716,962.21
19, 644, 491. 78
767,716,962.21 ----·-·-··------···18,880,737.80
763,753.98
§
1,690,774,178.07
903,362,724.08
787,361,453.99
786,597,700.01
z
15,001.00
299,984,999.00
970,286,460.88
1,464,362,789.03
1======1=
Amounts made available for relief and work relief, sec. 1, title L._. _____ _
aoo,000,000.00 I
l=======I=
Total, Emergency Relief and Construction Act of 1932, as amended . . -·
l'1j
0
351,125,227.42
Authorizations under the Emergency Relief and Construction Act of 1932,
as amended:
Loans on self-liquidating projects, sec. 201 (a), title IL ....... _....... . __.
Loans for financing repair of damage by earthquake, fire, tornado, or
cyclone in 1933, sec. 201 (a) (6), title IL ................ . .............. .
Loans for financing exports of agricultural surpluses, sec. 201 (c), title IL.
Loans for financing of agricultural commodities and livestock, ser. 201 (<l),
title II:
Commodity Credit Corporation .•..•..••••...•...... _... __ ._·- .. ___ .
Others.---·-·------·--··· · · -·-·-----·---·--·---·---- -···---····•-···-
0
C
Total, authorizations to business enterprises under sec. 5d of the
Reconstruction Finance Corporation Act, as amended ... . .... _._
Loans to public bodies under sec. 5d of the Reconstruction Finance Corporation Act, as amended ..•.. ___ -· ___ ·-··· .•. _... _...• ___ • ___________ _
Loans on the assets of closed banks and trust companies under sec. 5e of the
Reconstruction Finance Corporation Act, as amended .•... ·--···--··--····
~
~
~
2,484,687,s52.ss
I
I========'== ======
7
763,753.98
C
0
~
0
0
299,984,999.00 . ···---- -·- --- ......
1,400,654,994.21
63,707,794.82
~
!.-Aggregate loan and other authorizations, purchases of securities j rom Public Works Administration, and allocations to other governmental agencies, by classes, from Feb. 2, 1932, to June 30, 1939, inclusive, and commitments outstanding, by classes, as of June 30,
1939-Continued
. TABLE
Withdrawals or
cancelations
Authorizations
Disbursements
Repayments and
other reductions 1
Outstanding as of
June 30, 1939
$5,126,025.00
74,425,062.44
90,549,500.00
$18,063,730.00
802, 439, 921. 56
343,150,850.00
$11,346,652.93
348,273,792.38
22.'3, 147,211.28
$6,717,077.07
454,166,129.18
120,003,638.72
Total, sec. 304., title III, of the act approved Mar. 9, 1933, as amended __
1,339,304,589. 00
170,100,587.44
1, 163, 654, 501. 56
582,767,656.59
680,886,844.97
23,500,000. 00
20,200,000.00
Total, sec. 1 of the act approved June 10, 1933, as amended _____________
Loans to or for the benefit of drainage, levee, irrigation, and similar districts
of 1933, as
36, title II, of the Emergency Farm Mortgage Act
under sec.____________________________________________________
_______________
amended
1-3
-
34,375,000.00
100,000.00
--- --------- -------.
-------------------34,475,000. 00 --------------------
138,614,276.19
t:_zj
1-d
t:d
I
$23,189,755.00
882,364,484. 00
433,750,350.00
Authorizations under sec. 1 of the act approved June 10, 1933, as amended:
Loans on preferred Rtock of insurance companies __________________________
Subscription for preferred stock of an insurance company ________________
t:d
0
'
Authorizations under sec. 304, title III, of the act approved Mar. 9, 1933, as
amended:
Loans on preferred stock of banks and trust companies ___________________
Subscriptions for preferred stock of banks and trust companies __ _________
Purchases of capital notes or debentures of banks and trust companies ___
of 1933, as
sec. 5, title I, of the Agricultural Adjustment Act
under
Loans
_______________
___________________________________________________
amended
~
0
31,684,215.73
3,300,000.00
3,300,000.00
--------------------
34,375,000.00
100,000.00
7,7Z'l,920.79
26,647,079.21
100,000.00
0
~
t:d
t:_zj
0
0
~
rn
1-3
34,475,000.00
-------------------7,727,920.79
26,747,079.21
~
0
1-3
H
0
~
87,154,766.19
4,045,346.59
83,109,419.60
~
H
Loans to finance the repair of damage by earthquake, flood, or other catastrophe in 1933, 1934, 1935, and 1936, under the act approved Apr. 13, 1934, as
amended------------------------------------------ ------------------------'
Loans to borrowers engaged in the mining, mflling, or smelting of ores, under
sec. 14 of the act approved June 19, 1934, as amended _______________________
Loan to a public-school authority for payment of teachers' salaries due prior
to June 1, 1934, under sec. 16 of the act approved June 19, 1934, as amended-Loans to or for the benefit of tax-supported public-school districts or other
under the act
in charge of public
authorities
similar public-school
_______________________
• ___ • schools,
_________________________
Aug. 24, 1935
approved
~
2, 258, 341. 53
3,473,947.22
1, 884, 065. 31
1, 589, 881. 91
13,934,500.00
7,421,000.00
4,486,700.00
1,827, 387. 55
2,659,312.45
22,500,000.00
200,000.00
22,300,000.00
22,300,000.00
--------------------
5,734,288.75
>
~
0
t:_zj
2, 136, 300. 00
1,257,300.00
150,000.00
2,000.00
0
0
~
0
148,000.00
~
0
~
H
Administration, under the act approved May
to Rural Electrification
Loan
____
___________________________________________________
20,1936,asamended
Grand total, part I Ooan and other authorizations) ____________________
146,500,000.00
9,639,640,982.94
-------------------2,115,276,734.63
146,500,000.00
2,425.46
146,497,574.54
7,213,739,415.08
• 5, 460, 811, 431. 04
1,752,927,984.04
•
\1,''.J \
'IJAal"
,0 2 • ...,
_·_;ror•liiT
· -· -.·. ,;
.
, fl'.,, • "f'ft ~
•9"4,1141
f. .
<IJL
,
".lJlfM0, WR-
Amount of purchases authorized
Grand total, part II •••••••••• ·---·------ ___ _-------------.·- __ •...•.• ____ ·--·
$669,584,709.49
1
.....-..
.,~ .-f•~
I
I
Amount withAmount disbursed Amount of repay-1 Amount outstand•
drawn or canceled
(purchased)
ments and other
ing as of June 30
reductions 1
1939
'
I $28,500,000.00
$488,453,189.28
$605,029,709.49
$116,576,520.21
~
~
0
~
PART III.-ALLOOATIONS TO OTHER GOVERNMENTAL AGENCIES
Amount allocated I Amount disbur~ed
Allocations:
Secretary of Agriculture for crop loans ••• _. ____ •••........... . ... ··---··-·· ••.• ·---···_· · ·- ·-· ·-·· . . .............•.•.. ·-· ....•........
Ospital of regional agricultural credit corporations (rea1located from amount original1y allo,,ated to Secretary of Agriculture) ..•••......
Governor of Farm Credit Administration (reallocated from amount originally allocated to Secretary of Agriculture) ..... •.•.•... _. .... .
$115, 000, 000. 00
44,500,000.00
40,500,000.00
$115, 000, 000. 00
44,500,000.00
40,500,000.00
200,000,000.00
3,108,278.64
14,211,500.00
124,741,000. 00
100,000,000.00
200,000,000.0()
3,108,278.64
13, 712, 252. 92
124, 741. 000 00
t 2, 600, 000. 00
145,000,000.00
145,000,000.00
55,000,000.00
200,000,000.00
73,546,074.55
97,000,000.00
55,000,000.00
200,000,000.00
73,546,074. 55
97,000,000.00
Total originally allocated to Secretary of Agriculture for crop loans...... ·--························ ··· ········ ···· ·········· · ·· ······
Regional agricultural credit corporations for expenses prior to May 27, 1933 .............. . ............ . . .. .... . ... ·-·····-----·-·-···-··
Regional agricultural credit corporations for expenses since May 26, 1933. __ ·· --·· .... ·- -· . . ___ . . ____ __ ... . ... . · --·-· - -· .. . .. ·-·· · .. ·· -·
Secretary of the Treasury to pay for capital of Federal home Joan banks __ · ··· · -·-·····-··-···-·······--······ ·· ··-······- · -· -··········
Land bank commissioner to make loans to joint•stock land banks . •..... _...• ···· --··-- · ··· -·····---···.·-----··· · ··-·-·-·· · ··· __..... .
Land bank commissioner to make loans to farmers ($200,000,000 original allocation reduced by reallocation to Federal Farm Mortgage
Oorporation) .....•••• -·-··-···-------·-·- · ··· · ··-·····-·· · ··-··················-············ · ······- · ··-········ · ·· · ··· · ····· · · · · · ·
Federal Farm Mortgage Corporation to make loans to farmers (reallocated from $200,000,000 originally allocated to land bank commis-··
sioner) . .. . . . -· · · · · · · · · • · · -· · · · · · -· • -- · · · · · · · · · · · · · · · -· · · · · · · · · · · · · · · • · · · · · • · · · · · -· · · · · • · · -· ....••.......... . .•..•...•............... .
Secretary of the Treasury to pay for capital of Home Owners' Loan Corporation .... . .........•...•.. .. _._.-· ...........•.•............
Federal Housing Administrator (amount stated is amount disbursed; total allocation not limited to specific amount) ..... ... •. .........
Commodity Credit Corporation-Purchase of stock ... . .... . .............. . ...... . . _.. . _..... . . . . ··-· .... ·--· __ . .. . ......... . .. . . . _.. __
Disaster Loan Corporation-Purchase of stock (amount stated is amount disbursed; the Corporation is required to purchase stock upon
request of the Disaster Loan Corporation up to but not exceeding $40,000,000) _.. _.. . .. . . .......... ----· -· -·--···· · ·· ·· ····· ·· ········
Total to other Governmental agencies by direction of Congress ..... ·- .•...•....•.... . .. .. ...•.. _. . . . ... . . . ..•.. . . .. ....••••.. ····-···
18,000,000.00
18, 000, 000. 00
1,030,606,853.19
932,707,606. 11
For direct relief under Federal Emergency Relief Act of 1933_. .. _... ··- ... ·-. __ .................. . .. _...... . .... . ...... ·- ............. .
For direct relief under Emergency Appropriation Act, fiscal year 1935. . ...... ········-···-·---- . . · · -. _-·· · -...... ······-·-·-····-··-· -·
For direct relief under Emergency Relief Appropriation Act, 1935 .... ·············--·-- .. ·-·- .... ___ . ............... ···-····· .... ··-···
Total allocations for direct relief by direction of Congress._ ...•.. ···-··--·-···· .. ·-·-·· ••. -·- ...•.....•.. . ..• __ .•.•.•.••.•.•. . ..• ···-
500,000,000.00
500,000,000.00
500,000,000.00
l,500,000,000.00
Total allocations to otber Governmental agencies and for direct relief. __ ····-·-----······-········--····-······· · ··· · -················
Administrative expense:
Regional agricultural credit corporations. ____ ••.•. . ••... -· ... ·- .........• ·--·-···--· ....•••.•••.•.• __••.•.. . .•..••• . ...••• _••••.... _.••
Under sec. 1, title I, of the Emergency Relief and Construction Act of 1932, as amended·-··-··-··--···--·--··- .•.•. ---··---·-···--······
Interest on notes issued for funds for allocations and relief advances.··············-····----··· · ··-···-·-·-·-··- · ·-·········-·-·-···--··--··
Grand total, part III (allocations to other governmental agenciesL •••••••••••.•••••••••• ·--····----···-··-··-···········-·····-···-··
See footnotes at end of table.
11
499, 999, 011. 22
500,000.000.00
500,000,000.00
1, 499, 999, 011. 22
10
11
2,530,606,853.19
2,432,706,617.33
115,696.87
126,871.85
33,177,419.82
2, 564, 026, 841. 73
115,696.87
126,871.85
33,177,419.82
2, 466, 126, 605. 87
0
~
~
a
0
~
00
~
~
a
~
H
0
~
~
H
~
>
~
a
tr.1
a
0
~
0
~
H
0
~
....,.
~
'"1- .I.
),-l
1.-Aggreg ate loan and other authorizations, purchases of securities from Public Works Administra tion, and allocations to other governmental agencies, by classes, from Feb. 2, 1932, to June 30, 1939, inclusive, and commitments outstanding, by classes, as of June 30,
1939-Con tinued
TABLE
PART IV.-COMM ITMENTS OUTSTAND ING AS OF JUNE 30, 1939
(Conditional agreements to make loans. or other authorizations, upon the performance of specified conditions)
Amount of
commitments
Under sec. 5 of the Reconstruction Finance Corporation Act, as amended:
outstanding
Bank and trnstcompan Y------------ - ----- ------------- -------·----- ---- --- ---------- ---···------- -····· ····-·······- ···-··-······ ·· ····· ···-·····---·- - ---·--·
$148,800.00
Mortgage loan companies:
The RFC Mortgage Co---------- - ---- --- ---- ---·--·--··-· ···-·-·-·--·- ···-·---····· ····--···-··· -············· ·······-···-· -·······-···· -·-·····-·--· •-·--· 50,000,000.00
Others·-·· ····--····-·- ·-·····-·-·-- ·····-·--··-· ---····-····- ····-·······-- -·--·········· -······-··--· · ··-·····-·--·· -·--·-·-··-· ·-·· ···-·-··- ·-·--·······8,600,000.00
Railroads ..•.. .•••.•....... .•.•.......•• -•... _•••. --.-·-··--·· ········--··- ··-···-·· ···-·-··--·-··---·····92,795,675.00
··-···--·····
····---·····
·············
·············
·
Under sec. 5d of the Reconstruction Finance Corporation Act, as amended:
Loans to business enterprises (including purchases of securities) ..•.•••••.. _. _••. _. _. _. _•.•...• _. ___ •.•. _...... _... _.•.•• ...• _.. _.•• _.••.• _..• __ ..•.....•.••.
.• 55,103,500.00
Purchases of participations in loans to business enterprises .. __ .• ___ ..•.••..• _·--_. __ . _____ -··· .•... _.• __ ·-·· ..._.___
._ ••••.....• _____ ._._ .•..• ··--·- .. _-·- .•••.• _. 15,325,000 00
Agreements to purchase participations in loans to business enterprises •• _--··-- ••. -·- ______ •••• ---···-·-·--- ---·--- •••••••• -····· .. _._ ..• ·--· ••••...••.
·····- •.. _ 13,217,666.67
Loanstopubl icbodies .••••• --··········-- ·-----·----- ---·-··----- --·-·-·······- ····-·········· ···-·------·- --·--------- ---··-·--·-· · -·-·-··----· ···--·········
Loan to Commodity Credit Corporation, under sec. 201 (d) of the Emergency Relief and Construction Act of 1932, as amended .• ·----·---··- --··-----····
· 20,615,000.00
·········· 150, 000, 000. 00
Under sec. 304, title III, of the act approved Mar. 9, 1933, as amended:
Loans secured by preferred stock of banks and trust companies ... ·- ______ -----·_. ___ .·- .. _.. _____ -··---·-_.--- -··_ .. _···--- ______ .. ___ •... _--···· .•••.• ·--···-·
Subscriptions for preferred stock of banks and trust companies.·· ····-· ·-··-·-······ -·····-··-·- --·---·-···-· -··-···-··-··- ··-··-·-··-·- ·-··---·----· ---··-····- 25,138,000.00
4, 110, 000. 00
8ubscription for preferred stock of Export•Impo rt Bank of Washington •.• ___ ••. _.. ·-_ .. _. ___ .. -···-.·-_ ..••••.• .•••.•• __ ••.• __ ••.•••• _-··~-····-·· ··. ___ --·••.• 25, 000, 000. 00
Purchases of csp1tsl notes or debentures of banks and trust companies .. ___ --······ .• ___ .•• -·---· __ -···.-·-·-. __ •. _·---···- •• -··- __ ·--- .••• -·-··--·-·-·· ·-······2,150,000.00
Loans to irrigation districts, under the Emergency Farm Mortgage Act of 1933, as amended •••..•• ·-········-··- -·······-··-- ·--··-······- ··-··-·----·· ·-·-·---····5,002,218. 84
Grand total, part IV (commitments outstanding as or June 30, 1939)_····-·- · ··- ··-·· -·-····· -· ··--·· __ --· •..• ·····-·-·· ·-··· ___ ..• __ ·-- •.• _·-·· ······--··--·
·- 467, 205, 860. 51
Part 1.-Loan and other authorlzati ons--·-·--·· ··-·····-·--··- ······ ·-·-·--Part IL-Purchase s of securities from Public Works Administration _____ •••.
Part III.-Allocati ons to other governmental agencies .. ----·------- -··-··-···
Amount of withdrawals or cancelations
Amount of disbursements
Amount of repay•
ments and other
reductions 1
$7,213,739,415.08
605,029,709.49
2,466,126,605.87
$5,460,811,431.04
488,453,189.28
u 2, 466, 126, 605. 87
·-·---·----•- ····--·
Part IV.-Commit ments outstanding .------------ --··-···-··--·
······-·----·
12,873,252,534.16
467,205,860.51
2,241,176,734.63
10,284,895,730.44
8,415,391,226.19
Grand total-----·-· ----·-------- ---------·-·- ·-·--·---·---- -·-----····-
13,340,458,394.67
filW W!Jllfw-4·..,.wn : c r st •• er
- ,...,tr...- ==
_...._
~
~
a
0
~
U2
1-3
~
a
1-3
H
0
~
~
H
~
~
Amount outstand•
ing as of June 30,
1939
a
0
~
0
$2,.115, 276, 734. 63
28, 500, 000. 00
97,400,000.00
$1,752,927,984.04
116,576,520.21
-------------------1,869,504,504.25
-------------------- ------------- ------- -------------------- --------------------2, 241, 176, 734. 63
0
~
$9,639,640,982.94
669,584,709.49
2,564,026,841.73
Total_··-·- ------------- ··-·-··------· ---------·-··
~
~
~
>
SUMMARY OF TABLE 1
Amount of author•
izations, alloca•
tions, and commitments outstanding
t-..:>
10,284,895,730.44
8,415, 391, 226. 19
1,869,504,504.25
~
H
0
~
w.· u-:•
~t;;,,..,_
~~.r~ r:=:.::e:i:=:i!~J"trf.':~T;:S~~~=e~D.!:~ .
ie'D&ld.
l Includes $193,818{000 repr~enting refinancing of loans previously made by the Corporation to Federal and banks for different individual amounts but in the same aggregate amount.
• Includes $9,420,485.la representing sale of participations authorized to banks. etc.
a Includes $20,878 representing sale of participations authorized to banks. In addition,
$10,678,489.66 was taken by banks, etc., in loans in which the Corporation autborizea
purchases of participations.
o Includes $1,771,933.65 representing participations authorized, by the Corporation, in
loans sold. In addition, $29;'13i,406.27 was taken ,by banks, etc., in Joans in which the
Corporation authorized agreements to purchase participations.
r Includes $17,159,232.30 representing repayments and other reductions by States and
political subdivisions; and $282,825,766.70 representing cancelation of the Corporation's
notes, pursuant to the provisions of the act approved Feb. 24, 1938, equivalent to the
balance of the amounts disbursed.
• or this amount, $282,825,766.70 represents cancelation of the Corporation's notes, pur1uant to the provisions of the act approved Feb. 24, 1938, equivalent to the balance of
-· "
and Construotlon A.ct of iiat, ai amindeT. - - ~ -- - - ·.
• The remaining '97,400,000, authorized to the Land Bank Oornrn!utoner to make loans
to tolnt-atock land banks, waa canceled.
ill Upon certification by the Federal Emergency Relief Administrator, under the Fed•
eral Emergency Relief Act of 1933, the Corporation disbursed $499,650,000 for relief. In
addition, the Corporation disbursed $349,011.22 for expenses necessary to carry out the
provfslons of the above act, making a total of $499 999,011.22 disbursed.
11 Exclusive of amounts made available for reliel and work relief under the Emergency
Relief and Construction Act of 1932, as amended. These amounts are shown in Part I
above.
12 Of this amount, $2,429,126,605.87 represents cancelation of the Corporation's notes,
pursuant to the provisions of the act approved Feb. 24, 1938, equivalent to the balance
of the amount disbursed for allocations to other governmental agencies and for relief by
direction of Congress and the interest paid thereon. The remaining $37,000 000 Is held
by the Corporation in a revolving fund (capital of regional agricultural credit corporations) pursuant to sec. 84 of the Farm Credit Act of 1933, as amended. An additional
$2,500,000 of the foregoing revolving fund is held by the United States Treasury, such
amount having been paid subsequent to the cancelation of the Corporation's notes.
~
~
~
0
•r.rj
~
t:j
a
0
~
~
~
a
~
~
0
~
1-zj
~
~
~
a
t=.:I
a
0
~
0
~
>
~
~
0
z
......,.
~ .
TABLE
2.-Aggregate loan and other authorizations, by classes, during the second quarter of 1939
Class
Withdrawals or
cancelations 1
Authorizations
Disbursements
1
Loans under sec. 5 of the Reconstruction Finance Corporation Act, as amended:
Banks and trust companies (including receivers, liquidating agents and conserva3 $9,113,178. 57
tors) __ ___ ___ ___ ___ ___ __ ______ ___ _______________ ________ ___ __ ______ ______ ____ ___ __
$584,763.74
$1,340,264.55
Building and loan associations (including receivers) ___________ _____________________
537, 900. 00
36, 491. 65
1, 591, 282. 89
Insurance companies __ __ __ __ ___ ____ _______ __ _____ ___ _______________________________ -- --- - -- --- - ----- - __________ __ ___ ____ _________
___ __ ___
Mortgage loan companies_ ___ ___ ________ _________ _____ ____ __________________ ___ ____
8, 189, 599. 42
425, 471. 05
21, 481, 454. 88
Credit unions ____ ____ ____ ______ _________ _______ _____ __ ___ ___________________ _____ __ -- - - -- -- - ---- ----- __ ___ _________ __ __ __ ________
___ ___ __
Joint-stock land banks____ ___ ____ ________ ____________ ___ __ ________ ____ ___ ___ ______ _ ____ ______ ______ __
679,702.54
21,000.00
Agricultural credit corporations____________________________________________________ __________________ __________________ ________ _________ _
Railroads (including receivers and trustees)___________ ___ ____________ _____________ _
15,820,000. 00 ________ __________
16, 149, 800. 00
Borrowers engaged in the fishing industry ___ ------- - --- -- -- - - - ----- - - - -- -- - - ------ -- - - -- - - -- - ----- -- --- - ----- --- ------ __ ___________ ____ _
Total, sec. 5 of the Reconstruction Finance Corporation Act, as amended _______ _
33,660,677.99
I======
Authorizations under sec. 5d of the Reconstruction Finance Corporation Act, as
amended:
Authorizations
to __________________________________________________
business enterprises:
Loans _______
____ ________ ____
a 1121, 8 43, 949, 12
Purchases of participations and agreements to purchase participations ___ _____ _
a10, 970,819.45
Total, authorizations to business enterprises under sec. 5d of the Reconstruction Finance Corporation Act, as amended _______ ___________ __ _________ ____
Loans
to
public bodies under sec. 5d of the Reconstruction Finance Corporation
Act, as amended
_________________________________________________________ _____ ___
Total, sec. 5d of the Reconstruction Finance Corporation Act, as amended .• ____ _
1, 726,428.98
40,583,802. 32
~
t_rj
~
0
$9,394,647.42
222,406.61
55,970.26
6,501,196.29
33,766.00
1,958,539.97
3,398.22
16,510,630.21
10,195.00
$8,054,382.87
• 1, 368, 876. 28
55,970.26
• 14, 980, 258. 59
33,766. 00
1,937,539.97
3,398.22
360,830.21
10,195.00
34,690,749.98
• 5, 893, 052, 34
~
H
0
bj
~
t_rj
0
0
~
if).
H
H
H
3,594, 282.26
3,628,550. 35
10,848,188. 92
2,038,351.04
5,847,053. 19
1,303,316.50
45,001,135. 73
• 735, 034. 54
0
32,814,768.57
7,222,832.61
12,886,539.96
7,150,369.69
• 5, 736, 170. 27
l:tj
8,795,900.00
572,100. 00
7,521,700.00
2, 879, 191. 81
4 4,
41,610,668.57
7,794,932.61
20,408,239.96
10, 029, 561. 50
628,175.00
I
112,229.71
I
Total, Emergency Relief and Construction act of 1932, as amended _______________ , __________________ , _________________ _
. • -·.-:,~ ·-~_j ·-.,-
Outstandingdecrease for the
quarter 1
~
115,070.52
Authorizations under the Emergency Relief and Construction Act of 1932, as amended:
Loans on self-liquidating projects, sec. 201 (a), title II-------------------- -------- --1 ------------------1------------------1
2,297,000.00
Loans for financing repair of damage by earthquake, fire, tornado, or cyclone in
1933. sec. 201 (a) (6), title IL •.. __ ________________________________________________ ,- - -- --- -- --- - - - • --,-- -- - - - - -- - - •• -- --,- - -- - - - - - - -- - - - - - Loans for financing exports of agricultural surpluses, sec. 201 (c), title II ______________________ ______________ ~ _____ ______
2, 000, 000. 00
Loans for financing of agricultural commodities and livestock, sec. 201 (d), title IL. ________ __ __ __ __ __ ____ ______ __ ____ __
27,000. 00
~ - - - ~ ~ ~-~-· - ... ~~~-·----~..1:-.. - ~ , .. ~
Repayments
and other
reductions 1 2
0
l=====I
Loans on the asset~ or closed banks and trust companies under sec. 5e of the Reconstruction Finance Corporation Act, as amended ______________________________________ ,
~
~
4,324,000.00
642, 508. 19
410, 378, 678. 46
-----
190,297.69
136, 511, 467. 01
134, 214, 467. 01
3,933.14
1,566,444.08
200.00
3,933.14
' 433, 555. Q2
'26,800.00
I
H
~
ti>
~
0
t_rj
305,368.11
13s,os2,044.23
~
-
133,758,044.23
0
0
~
0
~
H
0
~
-r··· -·-1
...
. .•
.. .
..•
.
. ..
.. .
.
.'
"·
~
·
_,.
....
:.
·
~ .. ~ . . . .
•·~..,
~
.
~
~
., .
·
.
'~-~,,. • ~ ~.L,' -·•-.:~.!c~il,wt.,.,,~.
.
amended
11
1988,
. . . .. . . . . , ~ . at approved Mar. 0,
149, 707. &6
.l'Utlifil NIIUF ·
•• •• •••• ••• ••••• .• . ••••••• ••••••••• •
Loans on preferred stock of banks and trust oompan ies....... .... . . . . . . . . . ....... •• •• •• .• •••••• •••• •.
18
. . ......
Subscriptions tor preferred stock of banks and trust companies... ........ . . ........
Purchases of capital notes or debentures of banks and trust compan ies.....
Total, sec. 304, title III, of the act approved Mar. 9, 1933, as amended •.••.•.•. . . .
~
;::
f
~
~
r
~
607,035.00
11,009,600.00
239,000.00 . ••• ••. •••••.• .• . •
11,248,500.00
507,035.00
under sec.
Loans to or for the benefit of drainage,_ ~evee, irrigation, and similar districts
233,726.12
2, 255, 261. 25
•••••.•.. ••
.••••
amended
BS
1933,
of
Act
e
Mortgag
36, title II, of the Emergency Farm
1933,
in
he
Loans to finance the repair of damage by earthqua ke, flood, or other catastrop
40,000.00
••.•••••• ••••••••• ••.••••
1934, 1935, and 1936, under the act approved Apr. 13, 1934, BS amended •••••.••••
14
sec.
under
Loans to borrowers engaged in the mining, milling, or smelting of ores,.•••...••
8,000.00
1,558,000.00
.. .•. •• 1
of the act approved June 19, 1934, as amended . ••. .• ••.•••.•. •.•••..•• other similar
or
Loans to or for the benefit of tax•supported public..school districtsapproved
Aug. 24,
public..school authorities in charge of public schools, under the act
31,000.00
49,500.00 I
.. I
.........
.........
.
.....
.........
.........
.........
.
.......
.........
.
1935........ . ....
20,
May
approved
act
the
under
Loan to the Rural Electrification Administration,
,....•..••• ••••.•••
1936, as amended ......... ........ . ......... ......... ......... . ...... ......... ......... . ,. •••..••.• ••••••..
10,459,352.42
Grand total. .•••••••• ·---._ ••.•••.•• •••••.• _•.•••. _••..••. _•••.•••• __ ....... __ •••• I 7 91, 010, 782. 81
These amounts apply to loans authorized prior to Apr. 1, 1939, as well BS to loans
authorized during the second quarter of 1939.
• E'tclusive of repayments unallocated, pending advices, as of June 30, 1939.in the reor•
• The entire amount of $9,113,178.57, shown above, was authorized to aid
ganiriation or liquidati on of closed banks.
'Increase .
es of particf..
• Six authorizations aggregating $428.750, which were included in "purchas
d to
transferre
were
quarters,
preceding
during
Rations in loans to business enterprises"
in
tion
authoriza
One
1939.
of
quarter
second
the
during
es"
enterpris
business
to
'loans
a
during
es"
enterpris
business
to
"loans
ln
the amount of $1,750, which was included
business
to
loans
in
tions
participa
of
es
"purchas
to
d
transferre
was
preceding quarter,
enterprises" during the second quarter of 1939.
1
,,. _ __ . .. . •
' · 1111 •
140, 70"/. 36
13,052,665.00
189,000.00
8,787, 118.
· 1,625,393.33
' 0, 265, 646. 82
1, 436, 393. 33
13,241,665.00
6,562,219.07
• 7, 679, 445. 93
931,100.47
454,098.04
'477,002.43
46,031.52
46,031.52
291,135. 91
124,135.91
167,000.00
7
~
"'C
0
~
0
l'%j
' 92. 550, 000 00
92,550,000.00
172,320,878. 27
189, 461,208.36
17,140,330.09
d to banks, etc.
Includes $3,892,851.69 representing sale of participations authorize
Authorizations made prior to Apr. 1, 1939, were rescinded during the second quarter
the reorganization
of 1939, as follows: Banks and trust companies, $4,845,733.03 (to aid ina railroad,
$8,000,000;
4;
$210,825.7
,
company
loan
mortgage
a
hanks);
closed
of
on
or liquidati
purchase
to
ts
agreemen
and
tions
participa
business enterJ?rises, $558,150; purchases of
$2, ..
bodies,
public
to
loans
6;
$664,061.7
es,
enterpris
business
to
loans
m
participations
bank,
a
of
es
debentur
of
s
purchase
220,000; loans on the assets of closed banks, $56,500;
similar districts,
$75,625; loans to or for the benefit of drainage, levee, irrigation, and
of ores,
$1,833,761.25; a loan to a borrower engaged in the mining, milling, or smelting
above
shown
tions
authoriza
the
from
deducted
been
not
have
s
$300,000. Such rescission
for the second quarter of 1939, inasmuch as they applied to loans authorized during pre..
vious quarters.
8
. '1 - -
~
a
0
z
w
H
~
a
H
1-4
0
z
l'%j
1-4
z
>
z
a
l:_%j
a
0
~
0
~
H
1-1
0
z
1-4
c.11
,,;~
- "\
16
REPORT OF RECONSTRUCTION FINANCE CORPORATION
3.-Number of authorizations, and number of new borrower•, etc., to which
authorizations were made, by States, during the second quarter of 1999 1
TABLE
GRAND TOTAL
State
Number
ofau•
thoriza•
tions 2
Number
of new
borrow•
ers 2
9
4
9
7
2
3
26
10
Alabama.·- ·-- __ _____ -- -- __ __
Arizona .... ______ ___________ .
Arkansas-·- --·-· ·· ------ ----California .•.. ·- . . ....... __ _. .
Colorado ...•... -····-········
Connecticut .. _.......••..... .
District of Columbia .••......
Florida....... ·-· -·· --······· Georgia... ...... .. ·-····· -····
I dabo .. _. _. _.•. · ········-- ...
Illinois_ .... · · ---· . ..... . .••..
I ndiana . . . . . . .. __--- · ···· -···
I owa ... . . .. --- · -· -· ·· --· ·····
Kansas .. --··--··· -·-- ---·· -·Kentucky .. __ -··-· · __ . . -·-·-·
Louisiana .. _.. ___ . _. . _. _. _. _.
Maine_·-·-·--·· -··•· --- --····
Maryland __ ---·--·- · ---···· ··
Massachusetts ........ -·······
Micbigan __ ······-·· --·-·-··-·
Minnesota_··- .. _.. ___ -·. __ ·-_
Mississippi__.·- .. ·- . ___ · --·._
Missouri _. __________ __. ......
Montana .. ·-··--- -· ·- --- ----·
N ebraska ____ · ·-·· · --- -- -·---·
N ew Hampshire .. _. _.-· _....•
N ew Jersey-·-· .............••
N ew Mexico . .... •·--·-·--····
N ew York .... ______ _·---·-···
12
4
2
22
48
8
22
8
3
12
9
1
6
2
6
21
9
12
11
1
1
15
39
5
17
5
2
11
7
----------4
2
4
9
8
22
8
2
16
6
6
4
State
Number Number
ofau•
of new
thoriza• borrow•
tions 1
ers 1
North Carolina _______ ··-- --··
North Dakota.•• ·-· -·······-Ohio_ .. ·--·--·---·-···· .•••.-.
Oklahoma.. --······-··-·-·· •.
Oregon .••• ·--·-··········-···
Pennsylvania·-··-·-·······-··
Rhode Island .•.•••••••••.•.••
South Carolina·----------·--·
South Dakota_-------·.-·-··.
Tennessee._·-·- ....• ·--·-··-·
Texas ...•..••....•.•...•••••.
Utah .................••.•••.•
Vermont ..• ·-···--·-··-···-··
Virginia·-············-·-···-Washington .......•• -••..•••.
W~st V~ginia .•.•..•......•••
W1sconsm .•••..••••.•. -•...••
Wyoming .• __ ··············--
10
7
5
5
11
6
12
20
6
19
37
1
6
.
20 "
1
3'
2
2
10
33
6
18
2
• ----------
Puerto Rico •• ·-·····-········
1
10
66
2
16
2
1
1
Total ...................
620
429
1
13
-------------------
624
429
Alaska.····----···-········-·
1
20
1
10
Authorizations:
Loan to The RFC Mort•
gage Co.a ............•..
To railroads (including
receiver and trustee)a•••
5
53
5
36
Grand total •••••••.•• __
6
·59
2
14
2
1
1
.
LOANS TO BANKS AND TRUST COMPANIES (RECEIVERS)
J
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
Illinois_._ ... _••... _. . _. •. .•..
Michigan ....•....... .•. •.••••
New York·-·····-·-··--·----·
ObiO--·····----··-···-·-·-----
1 · -· - -··-··
5
1
22
j
~
Pennsylvania ..••••• ··-------·
Utah.·----·-··-·-···--------11 ······---1---Total •••••.•••.• __ • ____ _
11 ·-------•-;j
-·····-··-l·
LOANS TO BUILDING AND LOAN ASSOCIATIONS
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
Kansas ......... . ..... . . . . . . . .
New Jersey•..................
Pennsylvania....... ___ . __ _. _.
2
2
2
7
2
Total ..•..•..•.•.....•..
11
11
7
LOANS TO MORTGAGE LOAN COHPANIES
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
Michigan.·----·-··-·-- · ·--·-Texas _·-----···-- · -· Co.
----·-·-·
3•• ___
The RFC Mortgage
2
1
1
Total..---·---·----··-·-
4
See footnotes at end of table.
--------- 1-----·----·1
17
REPORT OF RECONSTRUCTION FINANCE CORPORATION
3.-Number of authorizations, and number of new borrowers, etc., to which
authorizations were made, by States, during the second quarter of 1939 1-Con.
ABLE
AUTROBJZATIONS TO BUSINESS ENTERPRISES UNDER SEC. 5d OF THE RECONSTRUCTION FINANCE
CORPORATION ACT, AS AMENDED
[Loans and participations in loans]
State
Number
of authorizations 2
Number
of new
borrowers a
27
3
25
2
3
11
12
4
3
6
11
1
---------------------ja--------------------___________________ _
o ____________________ _
ticut _________________ _
of Columbia. _______ _
-----------------------------------------------------------------
Wll"ViA
2
1
2 21
2 45
15
l
36
4
4
17
15
7
2
4
2
10
9
MA~iana____________________
8
6
d____________________
------------------------
62
24
husetts________________
6
4
1 _________ _
n_____________________
ta____________________
12
i,;sissippi___________________
·~...uri_____________________
3
22
2
16
~ ebraska_____________________
ll
6
25
5
4
~ ontana_____________________
.-
9
9
8
State
Number Number
of auof new
thorizo- borrowers 2
tions 2
New Hampshire _____________ _
New Jersey __________________ _
New Mexico _________________ _
New York ___________________ _
North Carolina. _____________ _
North Dakota _______________ _
Ohio ________________________ _
Oklahoma ___________________ _
Oregon. _____________________ _
Pennsylvania _______________ _
Rhode Island ________________ _
South Carolina. _____________ _
South Dakota _______________ _
Tennessee ___________________ _
Texas _______________________ _
Utah ________________________ _
Vermont ____________________ _
Virginia _____________________ _
Washington. ________________ _
W~st Virginia _______________ _
WIScon~m-- _________________ _
Wyoming ___________________ _
Puerto Rico _________________ _
2
1
12
1
27
5
2
2
5
47
2
10
5
35
27
5
11
18
,5
25
15
12
22
1
2 29
1
4
2
2
2
8
5
a 20
2
'14
1
'1
9
6
62
2
57
2
2
, 14
2
1
1
503
391
2 15
Total.__________________
, ~.-AN_S_T_O_P_UB_LI_C_B_O_D_IE_S_TO_AID
_ _I_N_F_IN_A._N_CIN_G_P_R_O_JE_C_T_s_A_U_TH-OR_I_Z_E_D_U_N_D_E_R_F_E_D_ER_A_L_,_ST_A_T_E_,_O_R
MUNICIPAL LAW
[Under sec. 5d of the Reconstruction Finance Corporation Act, as amended]
------------------------------------------_
ois ______________________
.... . tucky ___________________ _
-·}Oklahoma ___________________ _
aouth Carolina ______________ _
1.
2
Tennessee. __________________ _
Texas _______________________ _
Utah ________________________ _
1
1
11
Total __________________ _
1
1
1
1
•3
13
12
2
1
2
3
2
1
1
15
13
1
1
•I
LOANS ON THE ASSETS OF CLOSED BANKS AND TRUST COMPANIES
(Under sec. 5e of the Reconstruction Finance Corporation Act, as amended]
·~~kansas____________________ _
Washington__________________
1---Tota}___________________
4
______________
___________________
...
'.,:. Michigan~------------------ -.t
~,-.
C
___
1
..;.._
..;.._
,
TOTAL, ACT APPROVED MAR. 9, 1933, AS AMENDED
[Subscriptions for preferred stock, and purchases of debentures, of banks and trust companies]
State
~DUI,------------------------------
-------------------------------rasJia
_____________________________
ippf
_________ ---- -- ---- ----------_
Jersey ___________________________ _
York ____________________________ _
ja_______________________________ _
ington ___________________________ _
Number of au- Numberofbor- Less: Duplica- Net number of
rowers a
tions •
new borrowers
thorizations 2
1
1
1
1 ---------------1
1 ---------------11 ------------------------------1 ---------------1
2
1 ----------------1
6
5
1
2
Total ___________________________ _1------1
18
Bee footnotes at end of table.
4
3
1 ---------------10
5
1
1
5
18
REPORT OF RECONSTRUCTION FINANCE CORPORATION
3. -Number of authorizations, and number of new borrowers, etc., to which
authorizations were made, by States, during the second quarter of 1939 1 -Con.
TABLE
SUBSCRIPTIONS FOR PREFERRED STOCK OF BANKS AND TRUST O0l4PANIES
(Under the act approved Mar. 9, 1933, as amended]
State
Number
of authorizations 2
Number
of new
borrowers 2
1
1
1
.~labama .... ·--------···- · --Mississippi_ _____ .. ____ -·-·. __
New Jersey... -. ______________
New York_·---------------·- ·
6
5
----------2
4
Number Number
of auof new
thoriza- borrowtions 2
ers 2
State
Virginia __ ··--··--·-·-·------Washington._~
_____________ ..
1
1
-------- -----------
Total ____ ·-·-·-----·-···
15
7
1
1
3
3
PURCHASES OF DEBENTt:RES OF BANKS AND TRUST COMPANIES
(Under the act approved Mar. 9, 1933, as amended]
Indiana_.-·-·--··-·- ___ -· -- __
Nebraska_·· --··--- -· ··· ·-·---
I
1
1
I
Washington.-···---·--··.....
Total .•.•.••...•••.•••••
1----1----
LOANS TO DRAINAGE, LEVEE, IRRIGATION, AND SIMILAR DISTRICTS
[Under sec. 36, title II, of the Emergency Farm Mortgage Act of 1933, as amended]
Arkansas __ .. ___ . _. _____ ... _. _
California .. -·· ..... ·-·-····-·
Florida ........ ·-··-··---····Idaho . ···-- ..•. ___ -········ ..
Illinois .•......... -·-······-··
Iowa .. _...... __ ...... -···-·-·
Mississippi_ __ .·- ____ ..... ___ .
t
5
113
1
24
23
1
2
1
•s
Montana_. __ -··.-· •....... -·.
Oregon ___ .. _.. ___ ·- ... _.•. ··South Carolina .....•..•...•. _
Texas
__ ·--·--·-·--··-····-·-Washington_
.• _•. _____ .. ___ ••
14
1
18
1
Total .•. ---··--···-·---·
50
t 2 ·--·--·-··
1----1---4
LOANS TO BORROWERS ENGAGED IN THE MINING, MILLING, OR SMELTING OF ORES
[Under sec. 14 of the act approved June 19, 1934, as amended]
Arizona ___ ... ·-----··--. __.. _
California._ ... ---·--·--·-- .. _
1 _. ____ .. _.
2
1
Alaska. _____ .... ____________ _
1
1
Total .. ·-----·-·--··----
4
2
LOAN TO A TAX-SUPPORTED PUBLIC-SCHOOL DISTRICT
[Under the act approved Aug. 24, 1935]
Texas·---------··---· ----- -·- · ·1
1 "Borrowers, etc.," includes applicants to which loans have been authorized and institutions in connection with which purchases of preferred stock, capital notes, or debentur<>s have been authorized.
2 Certain authorizations made prior to the second quarter of 1939 were completely rescinded during the
second quarter; and such re-:cissions have not been deducted from the number of authorizations or the
number of new borrowers during the second quarter, inasmuch as the authorizations were made in a
prior quarter.
a Not included in the State totals shown above, because the operations of the borrowers, etc., ordinarily
are not confined to any one State.
'Duplications in the number of borrowers arise in cases where the Corporation makes authorizations to a
bank or trust company under more than one of the classifications under sec. 304 of the act approved Mar. 9,
1933, as amended.
REPORT OF RECONSTRUCTION FINANCE CORPORATION
· TABLE
19
4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, disbursements,
and amount outstanding, from Feb. 2, 1932, to June 30, 1939, inclusive, by
States 1
GRAND TOTAL
State
Num• Number of ber of
8U·
b
thor• or•
iza• row•
tions ers
Amount authorized
Amount withdrawn or
canceled
Amount dis•
bursed
Amount outstanding as of
June 30, 1939 2
---------Alabama..•••... ·-----Arizona •••••• -·--------
Arkansas ... ----- - --·__
California.... -·---·-·--
Colorado_ •••.. •-·---___
Connecticut ••• --•----L
Delaware.. ·---·-------
' District of Columbia.. _
~ Florida .•.•... -----·----
.
I
Oeorgia .. ·--------·-·-·
Idaho . ... -·-·--·····-·Illinois __________ ··----·
Indiana
___ ·-·--------·Iowa _______________
....
,_ Kansas . ...............
,· Ken~~cky --------·--·Lou1stana•.•. ------·--f_ ]\faine_ ·-·---·-------·
i,
Maryland . ---------·-·
1
1
••
585
132
819
1,040
379
312
30
153
602
1,123
279
2,102
1. 052
1,166
690
744
732
224
408
\, MM~h1_1chusctts.........
632
;
!C 1gan .. -·--·--·-··· 1, 527
· Mmnesota _______ ----· _ 1. 039
M!5sissi~pi_ __ _____ ·-·853
' M1..~our1. .. ____________ 1. 287
Montana _____________ •
353
Nebraska
____
-----·---·
1,374
1
Nevada .. ••.•. ___ -··-·_
72
, New Hampshire __ ····62
New Jeri:tey -----·-·--- 1,356
· New Mexico·--··-·--~129
New York: .. ·--------· 2,057
,· North Carolina________
686
:·.'. North Dakota.........
387
· . Ohio . ··• ----------··-- 1,619
~ Oklahoma.·------·---467
r Oregon •••...•...••... .
552
Pennsylvania .________ . 2, 346
Rhode Island __ __····-·
44
South Carolina _______ .
285
South Dakota.------·473
Tennessee.............
818
· Texas. _________________ 1,532
· Utah__________________
242
; Vermont .•. -------··--160
_ Virginia .. .. -------·-···
565
• Washington ___ -·--·· .._ i 2,093
~ West Virginia ________ _.
518
Wisconsin_~.-----··--- 1. 489
Wyoming __ ·----··--··122
Alask~_. ... _.... ___ . ____
19
Hawa11. _______________
5
Puerto Rico.-------·..
37
Virgin Islands.........
3
,
l
354
85
560
616
275
204
28
67
169
870
157
1,298
749
749
532
50,5
380
123
288
477
918
715
529
858
210
452
36
53
929
92
1,469
5()1)
284
1,183
255
304
1,560
33
184
320
514
1,103
152
106
397
1,346
319
1,098
62
16
4
$43,741,312.75
25, 158,700.63
67,892,109.22
697, 0()1, 668. 78
28,741,197. 96
35,473,475.41
3, 409, 400. 00
37,815.019. 01
31. 181, 009. 36
40,433. 756.53
15,977,628.94
456,743,597.88
85, 748,4Io.54
90,496,272.33
22, 190, t47. 36
53,554.202.59
22i,OS9,535.86
79,054,039.02
153, 380, 350. 58
103.822,447.31
544,329,677.52
42, 231, 197. 51
51,124,483.68
131. 472, 431. 94
Ht 401, 377. 22
27.087,833.40
13,229. 793.86
8,220,053. 00
277,683,958.48
12,147,453.46
801, ,582, 932. 64
75. 704,806.65
14. 350. 751>. 73
610, 334, 932. OS
27,817,704. 34
30,377,904.64
396,319,248.85
8,956,366.07
39,066,740.10
19,089,499.58
137,463,195.28
143,957,899.74
23,552,765. 94
28,997, 196.6::J
M, 760,67::J.54
97,864, 54'.l. 89
48,689,495.78
130. 176. 941. 13
6,658,429.24
2,51~.000.00
1,444,935. 00
7,965.500.00
251,000.00
$5,786,634.70
12, 247, 761. 99
11,899,186.63
43,432,267.30
6,369,035.31
5,531,369.51
2,259. 700.00
5, 466, -120. 27
6,556,893.55
7, 164, 226. 12
2,352.384.40
58,917.395.33
15,993,060.64
11'. 041, 250. 12
4,423,183.91
12, 3.~I. 0,56. 57
88,644,608. -18
11, 142, 306. 25
16,267,572. 57
16,676,4!>1.36
108, 717, 133. 01
6,088,234.53
5,262. 743. 17
34,683,454.53
1, 80fi. 104. 57
4. 276, 281. 57
4,423,537.77
1, 716, 700. 78
36,632,~74.80
1, 645. 718. 28
197,398,511.14
14, 118. 049. 63
1, 620, 576. 4,5
134, 657. 455. 39 ·
2, Hil, 257. 37
5,348.346. 15
73,601,448.78
811. 921. 36
5, 683. fH'l. 58
4,214,329.56
22,028,574.47
20,222,805.15
4,306.810.47
2,315,280.27
8,557,320.23
21,087, 2.54. 00
6. 121. 776. 49
19. 652. '239. 72
1,018.637.60
14/i, 000. 00
214. 103.00
1,327,439 78
126,000.00
31
1
TotaL ___________ 37, 775 24,819 6, 123,794,915.98 1,100,544,295.64
Authorizations:
Loans to The RFC
Mortg~'" Co.' ---·
16
1 122, 801, 777. 32 ---------------Loan to Federal Na•
tional Mortgage
Assooiation '- - ----3
1 100,000,000.00 ---------------Loans to · Federal
land banks'- . ____
a 57
12 & 399, 636, 000. 00
12,400,000.00
Loans to Federal intermediate credit
banks ' . ___________
8
8
9,250,000.00 ---·-----------Loans to regional ag.
ricultural credit
corporations (redis5 596 811. 76
counts) '----------· 1,343
12 178, 840 452. 48
See footnotes at end of table, p. 37.
$33,197.359.60
11.853,565.91
54,239,593.65
579,855,566. 68
21, 857, 123. 53
29,253,146. 16
I, 149,700. 00
32,130,039.00
23,182,308.59
28,723,742.74
12,720,688.12
388,029.480.44
68,842,264.39
75, 310, 937. 82
17, 375, 545. Ofi
40,180,722.93
13a,242,372. 73
67,831,455 04
130,066,167.69
85,805,808.39
425,580,015.80
3.5,580,427. 15
41,088,387.44
93.261,847.43
13, 981, 04R 58
21, 981. 542. 50
8, 535, UH. 27
5,408,352.22
230,365,786.52
9, 714, 30fl. 61
595. 760,5~2. 24
60,138,988.40
12,616,330.01
454,S89.858. 75
24,986,220. 31
23,511,228.51
285.061,274.35
7, 872, 091. 71
31,650,504.63
14,840,305.02
113,258,6()6. 78
115,934.415. 65
18,527,247.99
26, 133'1, 916. 36
40,290,346. 31
52,819. 719. 03
41,826,749. 28
108.817, 157. 15
5,584,791 . 64
1,0fi7,5UO.OO
1,230,832.00
5,138,060.22
125,000.00
$10,500,455.66
6,068. 144.92
20,895,143.19
85,828.156. 12
6,892.601. 08
8,464,889.36
337, 100. 00
2,920,573.72
10,557,370.72
9,077,187.22
3,431,152.25
92,440,316.01
12,544,335.73
6,406,549. 19
5,0fi4,629.49
8,273,524.19
26, 125.899.42
7,329,412.87
31,432.573.54
22,594,453.91
55,173,424.21
8, 738.682.62
12, 407,360.06
20,522.848.41
2, 734,713.97
6, 179, 765. 93
706,022.17
1,530,963.95
101, :J02. 927. 62
6,83f,463.04
118,632.201. 79
9, 143.248.82
3, 148, 081. 77
59,990,008.27
2,717,850. 08
6,621,825.70
56, 85~, 871. 25
3,605,553.67
3,406,415.27
2,835,267.41
28,884,399.38
41,787,592.25
2,670,099. 90
16,572.858.89
9,576,487.9/l
10, 304. 781. 10
4,587.490. 19
25,972,970. 58
1, 119, 958. 10
520,000.00
------- --. - - -
.
- ·-
1,266,739.02
120,250.00
4,764,928,207.33 1,003,660,891.96
G
115, 058, 389. 06
32,093,680.13
65,830,168.04
26,995,930.39
387, 236, 000. 00 ----- ---- ------- 9, 250,000.00
----- --- --- --- ---
173 243 640. 72 ----- - --- -- -- -- -·
20
REPORT OF RECONSTRUCTION l'INANCE CORPOltATION
j
4.-Number of authorizations and borrowers, to which authorizations were J
made; and amount of authorizations, withdrawals or cancelations, disbursements, 1
and amount outstanding, from Feb. 2, 1932, to June 30, 1939, inclusive, by States I-Continued
TABLE
GRAND TOTAL-Continued
State
Num- Num-1
~er of ber
au- bor-of' Amount authorized
thor- rowiz·:1tions ers
-- ---- -
-
Amount withdrawn or
canceled
Amount outstanding as of
June 30, 193!1 2
Amount disbursed
--
Authorizations-Con.
Loans to railroad~
(including receiv•
ers and trustees) 4 __
81 $763,734,216.95 $106,393,555.89
18i
Loans for financing
exports of agricul33,146,368.56
tural surpluses•--- 7
4 83,370,955.22
Loans to Secretary of
Agriculture to acquire cotton•- _____
2
23,500,000.00
20,200,000.00
l
Loans to Commodity
Credit Corporation ' - _______ ____ .
l 1,604,712,664.99 836,995,702.78
28
Subscriptions for
stock of 1'he RFC
Mort~a~e Co.4 ___ _
~
1 25, 000, 000. 00 ---------------S u b s c ri p ti on for
stock of Federal
National Mortgage
Associat:on •______ _
]
]
11, 000, 000. 00 ---------------Subscriptions for
preferred stock of
Export-Im port
Bank_ ______________
of Washington
4
45, 000, 000. 00 ·-------- --- -- -3
1
S u b s c ri p ti on for
preferr, d stock of
Second Export-Import Bank of Washington, D. C. 4 _ ___ _
2, 500, 000. 00 ---------------1
1
Loan to Rural Elec•
trification Admin1
1 146, 500, 000. 00 ---------------istration •---------Grand totaL _____ 39,435 24,945 9,639,640,982.94 2,115,276,734.63
78
$649, 951, 461. 06
$439,199,455.11
47,224,586.66
23, 480, 451. 91
3,300,000.00
-----------------
767,716,962.21
-----------------
25, 000, 000. 00
25, 000, 000. 00
11, 000, 000. 00
11,000,000.00
45,000,000.00
45,000,000.00
2,500,000.00
-----------------
146,500,000.00
146, 497, 574. 54
7,213, 739, 415. 08 s 1, 752, 927, 984. 04
LOANS TO BANKS AND TRUST COMPANIES (INCLUDING RECEIVERS, LIQUIDATING AGENTS AND CONSERVATORS)
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
Alabama ___ ____ ________
314
138
Arizona ___ ____ _________
16
39
Arkansas ____ _____ _____
312 o 157
California ____ _____ _____
424
159
Colorado ___ __ __________
128
72
Connectirut ___________
78
30
Delaware _________ __ ___
3
3
District
of
Columbia.
__
103
25
Florida ________________
150
110
Georgia ________________
280
146
Idaho __________________
98
50
Illinois __ _______________ 1,264
610
Indiana ________________
506
276
Iowa ___________________
494
871
Kansas ________________
295
163
Kentucky ______________
179
380
L oms1ana.
..
__ ______ _____
132
371
ame _________________
M.
117
33
Maryland _____________
152
77
Massachusetts _________
105
48
Micbi,ian ______________
329
808
Minnesota _____________
549
279
M!ssissi~pL ___________
257
129
Missouri _______________
624
314
Montana ______________
52
99
Nebraska ______________
443
177
Nevada ________________
32
9
New Hampshire _______
18
13
New Jersey _________ ___
149
378
See footnote at end of table, p. 37.
$12,946,065.87
2,061,300.00
26,690,006.49
126,234,475.25
5,338,993.30
18,498,217. 73
257,000.00
30, 875, 001. 41
8,926,297.83
11, 773, 680. 49
3,659,~56. 72
218,972,701.21
47, 932, 774. 00
62,920,365.13
8,802,304.31
20,780,857.60
118,691,162.69
61, 827, 134. 02
62,344,393.96
42,933,700.00
413,048,685.93
13,749,679.13
18, 463, 259. 36
62, 967, 002. 84
3,120,987.51
7, 841, 848. 59
6,503,725.92
1,794,000.00
80 847 892.30
$3, 632, 841. 96
187,048.27
5,732,719.86
8,520,287.99
1, 129, 192. 13
2,254,560.17
8,000.00
3,022,536. 01
3,940,182.78
2,433,617.46
757,710.33
34, 398, 285. 43
9,730,810.79
8,520,914.28
1, 837, 750. 58
3,451,468.31
32,091,837.34
7, 880, 254. 21
8,860,924 77
6, 121, 379. 83
93,176,424.31
3,508,737.01
2,615,628.19
22, 114, 320. 11
404,374.04
1,449,863.51
352,594.36
356,139.92
10,921,678.19
$9,313,223.91
$331,719.36
1, 874, 251 73
20,926,436. 63 ---------------502,984.37
27,500. 00
117, 702, 097. 54
4,209,801.17
5,083.S1
623, 151. 20
16, 243, 657. 56
249,000.00
159,000. 00
27,852,465.40 ----·----------.189,279.92
4,986,115.05
9,340,063.03
628,508.85
2,902,146.39 ----------------47, 455, 158. 71
184,387,398.57
348,725. 60
38, 190, 963. 21
112,346. 68
54,399,450.85
149,626.49
6,964,553.73
45,348. 50
17. 329, 389. 29
16,143, 735.1 1
86,599,325.35
65.81
53,946,879.81
5,130. 83
53,419,469.19
36,812,320.17
12, 655, 363. 35
316,407,153.64 ----------------15,843. 20
10,240,942.12
167,792. 02
15,847,631.17
1, 431, 020. 29
40,838,084.57
59,651.96
2, 715, 113. 47
134,470.46
6, 391, 985. 08
6, 101, 131. 56 ----------------1,437,860.08 ----------------69,902, 114.11
2,092,993.01
REPORT OF RECONSTRUCTION FINANCE CORPORATION
21
4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelatio'nlS, disbutsements,
and amount outstanding, from Feb. 2, 1932, to June 30, 1939, inclusive, by
States I-Continued
ABLE
LOANS TO BANKS AND TRUST
Num-Number of ber of
au- b
thor- oriza- rowtions ers
State
Amount authori.zed
COMPANIES-Continued
Amount withdrawn or
cq,nceled
An .ount disbursed ·
Amount outstanding as of
June 30, 1939 2
---- ------1-- Mexico ___________
York _____________
Carolina. _______
h Dakota _________
0-----------------oma _____________-
~
423
241
154
504
299
226
on ________ ________
ylvania ____ ______ 1,122
e Island ____ ______
6
h Carolina ________
116
h Dakota _________
essee _____________ 252
433
as__________________
503
94
----------------- 86
ont_______ ________
.nia _________ ______ 234
378
tt~n: -__________
--- -----t V1rguua
299
nsin _____________
730
ming ______________
41
ka _________________
2
ail ________________
2
Rioo. __________
7
14
191
118
77
264
127
80
529
2
53
122
198
239
55
37
116
147
138
444
17
2
2
5
$1, 513, 773. 54
118,281,293.21
37,981,187.51
7,649,284.75
285,393,899.64
4,691,874.53
9,372,880.88
218,692,159.65
1,873,413.40
21, 500, 946. 13
5,140,916.70
73, 117,431. 50
31,498,474.80
8,261,388.52
11,314,096.63
20,315,808.67
32,467,510.09
25,089,355.84
41, 720, 990. 81
1,486,574.42
100,000.00
850,000.00
2, 703, 000. 00
$539,419.14
19,561,481.47
9,772,258.55
1,039,880.58
58,105,944.62
1,463,972.96
1, 621, 678. 38
51,645,556.91
259,658.36
2,709,537.52
1,096,113.38
6,408,346.67
5,056,872.22
2,405,153.17
2,218,289.77
3,374,552.10
11,693,668.30
3,623,000.57
10, 327, 179. 57
290,041.53
---------------14,103.00
372,694.25
$974, 354. 40
$7,400.00
97,791,909.46
9, 388, 387. 32
57,598.40
28,179,928.96
6,609,404.17
37,641.39
222,564,846.99
100,730.51
3,227, 901. 57 ----------------7, 751, 202. 50
3,675.02
166,602,102.74
4,474,690. 14
1,613,755.04
185,946.95
18, 791, 408. 61
95,686.74
80,033.34
4,044,803.32
3, 834, 116. 33
66,660,784.83
26,441,602.58
1,996,314.65
5,596,235.35
1.00
9,095,806.86 ·---------------79,338.40
16,941,256.57
20, 773, 841. 79
933,136.04
371,833.44
21,404,355.27
31,393,811.24
41,029.40
1,196,532.89 ----- -----------100,000.00
-------835,897.00 ------------------------845,305.75 -----------------
---1------1-------1-------1------Total ____________ 15,377 7,346 2,461,819,630.81 473 011, 485. 16 1,976,968,072.27
104,872,058.30
1
LOANS TO BUILDING AND LOAN ASSOCIATIONS (INCLUDING RECEIVERS)
[Under sec. 5 of the Reoonstruction Finance Corporation Act, as amended]
---------------
3
~~-n-S&Jia.,S _____________ _
45
ado ______________ _
50
rnia__________ -- - --
ecticut __________ _
·a---------------
a----------------_______________ _
---------------- ---------------- ky - - - -- ---- -- --- -- - - -- -- - - --
- - - -__- -___
- - ___
-- - -_
and.
_____
ota ____________ _
·ppi_ - - ----- ----
uri ______________ _
tana
_____________ _
ada_______________ _
Iersey ___________ _
York ____________ _
h Carolina _______ _
h Dakota ________ _
Ivanfa _________ _
arolina _______ _
akota. _______ _
eD.1Jl8SS1ee ____________ _
a----------~
______________
----_
~n __________ _
Virginia_________ _
nsin ____________ _
ming_____________ _
3
28
32
1
1
8
1
8
1
73
16
15
2
16
33
24
24
5
4
1
70
16
13
2
16
26
19
16
3
4
1
4
4
1
1
268
296
36
85
3
239
84
28
24
68
2
173
79
19
7
5
6
24
13
5
17
89
5
6
20
9
5
16
75
2
Total____________ 1,263 1,035
·.See footnotes at end of table, p. 37.
$111,000.00
$811.96
$110,188.04 --------------- -2,795,378.25
137,014.84
2,658,363.41
$12,895.33
9,805,134.81
523,756.13
9,281,378.68 --------------- -110,000.00
3,263.06
106,736.94 --------------- -549,000.00
49,242.14
499,757.86
5, 000. 00 ______ - _________
5, 000. 00 ----------------_____ ____ -_____ - _
3,988,989.09
302,971.46
3,686,017.63
10,697.50
1,683,000.00
22,179.40
1,660,820.60 ---------------- 1,132,800.00
25,110.25
1,107,689.75 ---- - ---- ----- --100,000.00 -- -------------- ------------------ ---------- ----- -1,449,500.00
54,488.39
1,395,011.61 --- --- ---------- 3,273,860.03
90,860.77
3,182,999.26
325,652.76
2,628,126.98
157,375.41
2,470,751.57
291,149.94
2,091,287.87
221,494.69
1,869,793.18 --- --- --------- -107,500.00
3.226.48
104,273.52 ------ -------- --103, 500. 00
7,502. 78
95,997.22 ------------- __ __
250,000.00
2,230.27
247,769.73 ----------------313, 605. 00
78,068. 78
235,536.22 ----------------85, 000. 00
55,000.00
30,000.00 ----------------38,520,293.02
1,720,294.80
30,949,998.22
2,321,801.60
9,267,159.38
1,961,134.86
7,306,024.52 ----- -----------3,580,018.39
75,868.94
3,504,149.45 ----------------155, 000. 00
3,022.75
151,977.25 ----------------52, 178,834.58
22,547,623.40
29,631,211.18
117,007.99
4,425,000.00
159,297.39
3,962,802.61
14,243.84
1,668,049.11
149,228.63
1,518.820.48 ----------------261,077.02
15,011.55
246,065.47 ----------------290,000.00
405.15
289,594.85 ----------------1,718,150.00
105,416.04
1,612,733.96 ----------------975,662.35
25, 050.90
950,611.45 ----------------849,000.00
690,591.24
158,408.76 ----------------1,626,000.00
15,681.12
1,610,318.88 ----------------9,041,000.00
463,211.79
8,577,788.21
600.00
815,611.87
83,472.88
732,138.99
233,703.13
155,953,537. 75
29, 749,908.25
119,950,729.50
3,327,752.09
22
REPORT OF RECONSTRUCTION :FINANCE CORPORATION
4.-Number of authorizations and borrowers, to which authorizations weri
made; and amount of authorizations, withdrawals or cancelations, disbursementsi
and amount outstanding, from Feb. 2, 1932, to June 30, 1939, inclusiue, b~
States 1-continued
TABLE
LOANS TO INSURANCE C O:MPANIES
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
I
Num- Number of Per
au- bor-of
thor- rowizations ers
State
Alabama _______________
Arkansas ______________
Colorado _______________
District of Columbia ___
Florida_________________
___ ·-----------Illinois
Indiana ________________
Iowa ___________________
Kansas ________________
Kentucky _____________
Louisiana ______________
Maryland. __ • _________
Michigan ______________
Minnesota _____________
Mississippi_ ___________
Missouri_ ______________
Nebraska ______________
New Jersey ____________
New York _____________
North Carolina ________
North Dakota _________
Ohio ___________________
Oklahoma _____________
Pennsylvania _____ _____
South Carolina ________
South Dakota _________
Tenn~ssee. ____________
Texas __________________
Virginia _______________
w ~stv·1~g1n1a
· · __________
Wisconsin _____________
Amount autborized
Amount withdrawn or
canceled
Amount disbursed
Amount outstanding as of
June 30, 1939 1
---
-
6
4
1
3
4
1
J
1
2
27
10
24
7
1
2
6
16
2
3
14
10
6
17
7
2
6
3
6
3
1
4
12
1
3
2
Total ____________ - 209
2
14
6
13
7
l
2
2
10
2
1
6
6
5
9
5
2
4
2
5
2
1
3
9
1
2
2
133
$339,050.00
$U,300.00
$297,750.00 ---------------435,000.00
80,000.00
355,000.00
$64,161.51
50,00C.OO ---------------50,000.00 ---------------75,000.00 --------------75,000.00 -------- -------33,000.00 ---------------33,000.00
6,028,500.00
96,042.28
5, 932, 457. 72 ---------------164,841.3
4,498,000.00
1,262,021.45
3, 235, 978. 55 ---------------102,290.84
3,653,000.00
3,550,709.16
117,301.0
87,983.34
422,000.00
334,016.66
1, 000, 000. 00
1, 000, 000. 00 ----------------- ---------------1, 270, 000. 00
21,943.75
1,248.056.25 ---------------191,294.0
13,985,000.00 ---------------13,985.000.00 ---------------4,816,913.76
609,394.50
4,207,519.26
54,413.9
28,£-00.00
6,000.00
22,500.00 ---------------112,000.00
112,000.00 ··-- ------ ------9,327,891. 91 ---------------298,218.63
S,61.,574.76
1,146,937.1
2,399,150.00
401,663.56
1,997,486.44
25,000.0
902,000.00
88,500.00
813,500.00
237,016.5
28,483,600.00
1,086,357.04
Zl,397,242.96
338,683.8
1,932,500.00
112. 50
1,932,387.50 ---------------5,000.00
i4, 500. 00
69,500.00
15,865,000.00
7,033,661.80
8,831,338.20 ---------------275,000.00
1,950.00
273,050.00 ------------------------------1,071,SOO.OO --------------~
1,816,225.47
744,325.47
504,000.00 ---------------504,000.00
50,000.00 ---------------50,000.00 ---------------711,000.00
34,125.51
676,874.49 ---------------255,000.0
4,170,731.66
236,865.2
44,083.24
4,126,648.42
10,104.37
385,196.62
375,092.25
736,990.77
276,363.58
460,627.19 ---------------60,000.00 ---------------60,000.00 ----------------
1
----------------
104,439, 750. 19
13, 331, 441. 86
90, 69::>, 209. 81
2, 831, 514. 6
LOANS TO MORTGAGE LOAN COMPANIES
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
Alabama___ _____
________
Arizona____
___________
Arkansas___ __ _________
California______ ________
Colorado_______________
Connecticut ___________
District of Columbia __ .
Florida________________
Georgia________________
Idaho__________________
Illinois_________________
Indiana________________
Iowa___________________
Kansas________________
Kentucky_____________
Louisiana______________
Maine_________________
Maryland ______ __ _____
Massachusetts_ ________
Michigan______ ________
Minnesota_____________
Mississi:ppL ___________
Missouri_______________
Montana______________
Nebraska______________
Nevada________________
NewJersey ____________
New Mexico_____ ______
New York_____________
North Carolina ________
See footnotes at end
16
1
6
10
8
4
6
8
21
3
47
1
4
3
2
18
1
30
64
9'3
4
2
16
1
8
4
38
5
54
25
9
l
4
8
8
3
4
4
10
3
12
1
2
2
1
11
1
24
27
60
4
1
10
1
4
2
25
4
31
11
$1,922,760.55
$532,340.90
$1,390,-119.65
$71,222.4
100,000.00
100,000.00 _________ _______ __ __ _____________ _
1,433,500.00
332,168.02
1,101,331.98 _______________ _
G9, 742,493.44
1,482,750.48
68,259,742.96 _______________ _
1,374,000.00
29,903.88
1,344,096.12 _______________ _
1,675,000.00
315,243.38
1,359,756.62
16,900.0
1,114,532.60 ___ _____ ____ __ __
1, 114, 532. 60
627, 201. ~
878,032.99
95,719.61
782,313.38
316,287.a
1,811 994.51
483,864.58
1,328,129.93
359,432.1
2,414,000.00
44,023.52
2,369,976.48 _________ ______ _
10,794,069.90
6,261,230.38
4,533,439.52
322,273.0
220,000.00
22,508.08
197,491.92
25,246.~
2,773,550.00
2,773,550.00 __________________ ---------------97,500.00
47,500.00
50.000.00 _______________ _
92,500.00
42,500.00
50,000.00 _______________ _
6,483,502.37
2,157,982.88
4,325,519.49
1,392,329.a
3,200,000.00 ________________
3,200,000.00
1,288, 915.~
35,114,852.97
3,228,098.72
25,239,008.93
4,974,336.~
28, 667, 648. 32
3, 525, 758. 52
25, 141, 889. 80
9, 325, OifU!
14, 554, 962. 29
4, 927, 148. 07
9, 4.70, 814. 22
712,987. l
3,102,500.00
67,500.00
3,035,000.00 --------------~517,477.67
3,200.00
514, 277. 6i _________ ---- - . •
5,989,250.00
1,410,724.69
4,578,525.31
797,765.~
156,370.00
202. 39
156,167.61 ---------------695,225.00
40,978.56
654,246.44 ---------------1,731,381.01
395,962.33
1,114,343.86
81,904.4
23,074,188.99
6,027,122.96
16,737,980.22
6,321,871.6
209,000.00
60,000.00
149,000.00 ---------------146,022,300.00 80,Sl7,889.70
65,204,410.30
22,744,046.7
5,718,958.96
906,587.20
4,812,371.76
5i5,087.S
of table, p. 37.
IJ
REPORT OF RECONSTRUCTION FINANCE CORPORATION
23
l
4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, disbursements,
and amount outstanding, from Feb. 2, 1932, to June 30, 1939, inclusive, by
State8 1-Continued
ABLE
LOANS TO MORTGAGE LOAN COMPANIES-Continued
Num•Number of ber of
au• b
thor• oriza• row-
State
tions
Amount au•
thorized
Amount withdrawn or
canceJed
Amount outstanding as of
June 30, 1939 2
Amount disbursed
ers
.....--------------1------1---~---1-----Dakota.... ____ _
1
1
------------------oma.·-··--·-···-
Tl
18
20
-lvania
--------------.. _. __ ... .
Dakota ........ -.
8·-···-··-·-··
----------------------------------nia __ ····--··---·~n=- --··--····
23
nsin.·---·-··--·-
8
VU"glllla.·--·····
....
{'
9
24
3
34
59
2
13
.
1
-~ ns;~t;1ie.ifjc····
~·- - Mortgage Co.'---···
~ to Federal Na·, !!.~nal Mortgage Association '·. ··---···Orand totaL . ....
3
16
3
11
1
11
35
2
10
17
3
4
- 727
-- 422
-
$65,000.00
42,968,048.24
4,879,650. 00
1,241.420. 25
6,313,375.00
6,576,000.00
10,072,165.53
22,738,976.26
1,285,000.00
5,939,921.89
11,230,825.23
72,500.00
6,488,762.92
$245.00
1,862,081.22
121,483.56
692,522.55
1,478,550.11
2,731,262.25
2,048,261.14
2,667,754.16
50,000.00
1,295,054.28
1,034,127.34
11,500.00
1,842,785.61
491,553,796.89
131,968,086.07
350,762,800.79
66,282,864.90
$64,755.00 --··---·--·····-41,l05.967.02
$222,889.86
4,758,166.44
205,679.70
548,897.70 ···-···--···-···4,602,924.89
3,028,681.11
3,844,737.75 ---·····-····--·7,840,240.18
2,785,824.38
20,046,222.10
4,921,614.95
1,235,000.00 ··-·····--·-· -··4,362,412.66
2,414,546.59
9,431,712.97
2,722,009.94
61,000.00
15,262.77
4,645,977.31
43,500.00
16
1
122,801,777.32
------ ----------
115,058,389.06
32,093,680.13
3
1
100,000,000.00
--- ---------- ---
65,830,168.04
26,995,930.39
746
424
714,355,574.21
131,968,086.07
531,651,357.89
125,372,475.42
----
,..
LOANS TO CREDIT UNIONS
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
•
..
t:r838chusetts ..__ ....•.
.-. ichigan •••• -·----··-·
'
nesota.••••..••••.•
ew York.---·-·-----·
'V.bode
. . Island.-·-----·.
" llg1Dl3. ________ ·•·•··
Total._··-····---
3
1
1
1
2
2
- -10
2
1
1
1
$74,555.00
65,000.00
10,000.00
20,000.00
$73,711.58
55,495.70
9,738.71
-----------------
1
1
$843.42
9,504.30
261. 29
20,000. 00
12,263.00
-------------------- -------- ---------------------467,446.00
455,183.00 ----- -----------5,966.80 ---------------5,966.80 ------ --- -----~--
7
642,967.80
42,872.01
600,095.79
16,047.58
$16,047.58
LOANS TO JOINT·STOCK LAND BANKS
,,:
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
.: . bama·---··········
1
3
·a··--···---····
~ P --··············
4
s. •• . ···---····
0. - ·-··--·-••.•·
-----------------------------------------------ky. --·····-···-
. na.••••..•.•..•..
5
2
2
4
3
1
2
2
1
1
1
1
1
1
1
2
2
1
1
1
--------------------------arolina
.. ·--·-·
8
- ------------
8
1
3
2
irginia ••• __ ••..
1
3
2
1
1
66
27
ta.. _···-·-·-··
vania •• ·-----··
arolina.-•••..•
Total ..... _.. . . . .
6
2
5
1
2
3
1
$575,000.00 ·······-·····-··
$575,000.00
$478,760.52
590,000.00
$104,811.41
485,188.59
165,601.18
3,485,000.00
342,472.72
3,142,527.28 ··-··············
2,494,772.68
360,466.44
2,134,306.24
588,356.24
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 ---·· -··· -·· -··· ·
2,766,000.00
816,000.00
1,950,000.00
1,017,693.66
3,144,786.45
153,613.96
2,904,742.15
118,560.90
401,000.00
19,148.24
381,851.76
182,373.70
2,185,000.00
1,168,463.98
1,016,536.02 ··-··············
190,000.00
100,000.00
90,000.00 ·-·············- ·
2,886,000. 00
719,965.48
2,166,034.52
685,498.58
548,232. 42 ················550,000.00
1,767.58
1,800,000.00
635,102.67
1,164,897.33 ................ .
----1------1------1------1-----29,035,359.13
See footnotes at end of table, p. 37.
172199-39-4
6,525,423.92
22,423,504.87
3,236, 844. 78
24
REPORT OF RECONSTRUCTION FINANCE CORPORATION
4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, disburs~ments,
and amount outstanding, from Feb. 2, 1932, to June 30, 1939, inclusive, by
States 1-Continued
TABLE
LOANS TO AGRICULTURAL CB.EDIT CORPORATIONS
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
Num- Number of ber
au- bor-of
thor- rowizations ers
State
-
Arizona ___ ___ _____ __ ___
Arkansas ___ ____ _______
Colorado __ ____ ____ ___ _
Florida . __ ___ __ ----- -·· Idaho_. __ __ _______ __ ___
Iowa _______ _______ _____
Louisiana _____ _________
New York ____ ______ ___
North Dakota _________
Oregon _________ ____ __ __
South Carolina ___ ____ .
Tennessee ____ __ _______
Texas ________ __ _______ _
Washington ___ _____ ___
Total ___ ___ __ __ __
Amount authorized
Amount withdrawn or
canceled
Amount outstanding as of
June 30, 1939 1
Amount disbursed
--
1
5
4
3
------------------------------$11,500. 00
2
2
2
1
15
1
2
2
203
1
1
1
1
1
1
1
1
2
1
4
$880,000. 00
214,135. 95
71, 455. 31
435,000.00
63,889.60
480, 000. 00
120,000.00
397,251.46
1,000.00
116,790. 30
58,500. 00
124,250. 00
95,491.08
3, 063,103.89
$880,000.00
214,135. 95
59,955.31
435,000. 00
58,722. 60
455, 000.00
120, 000.00
232, 590.74
250
20
6, 120,867.59
477, 249. 37
5, 643, 618. 22
7
1
2
2
----·-----------$36,746.94
------------------------ 5,167.
------ 00
---------------------------------25, 000. 00
--------------·------------------------------164, 660.72
----------------1,000.
00
---------- --- --116,790.30 -----------------------58,
--------500. 00 ------------------ ----------------124,250. 00 ------------------ ----------------6, 2il9.95
89,251. 13 -.--------------81, 931. 70
2, 981, 172. 19 ----------------44,414.39
81,161.33
LOANS TO LIVESTOCK CREDIT CORPORATIONS
(Under sec.
5
of the Reconstruction Finance Corporation Act, as amended)
•·- -· - - -
Colorado. _.. ____ . __ .. _
ldaho ____ ___ _______ ____
MissourL ____________ -·
Montana ____ ________ __
New Mexico __ _____ ____
Oregon ______ . __________
Texas __ __ _________ __ ___
Utah ______ _____ ______ _
Wyo ming ________ __ ___
Total ______ __ ____
4
30
29
2
4
$382, 850. 00
2, 132, 035.29
421,000. 00
2, 142, 250.00
874,441.51
270,740. 00
2,468,425. 03
3,477,443. 10
2,342,142.95
154
19
14,511,327.88
l •
38
9
4
4
35
2
2
l
3
l
1
3
----
$244,400. 00
101,800. 00
421,000.00
145, 900. 00
106,249.88
28,450.00
25,980. 00
304,826.12
161,123. 19
$138,450. 00
2, 030, 235. 29
-------------------------------------------------1, 996. 350. 00 ----------------768. 191.63 ----------------242,290. 00 ----------------2, 442, 445. 03 ----------------3,172,616.98 ----------------2, 181, 019. 76 --------------------------------1,539,729.19
12, 971, 698. 69
-----------------
LOANS TO PROCESSORS, OR DISTRIBUTORS SUBJECT TO PROCESSING TAXES
[Under sec.
5
of the Reconstruction Finance Corporation Act, as amended]
Connecticut __ ___ ____ __
Kentucky ___ ___ ____ ___
Montana _____ ______ ___
New Jersey _____ ____ ___
0 hio ____ ________ ____ ___
Pennsylvania __ ________
Tennessee _____ ____ __ __ _
1
1
1
1
1
1
1
1
1
Total ______ ______
7
7
1
1
1
1
1
$567.68
3,428.00
487.90
3,300.00
7,400. 00
3,905.69
7,000.00
$567.68
3,428.00
-----------------------------------------------------------------3,300.00
7,400.00 ------------------ ---------------------------------3,905.69 -----------------------------------------------6,816.69
183. 31
----------------14,718.06
26,089.27
11,371.21
----------------------------------------------$487. 90
L OA N TO A STATE FUND CREATED FOR THE PURPOSE 01' INSURING REPAYMENT OJI' DEPOSITS OJ' PUBLIC
MONEYS
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
Wisconsin __________ ___ _
3
1
$13, 087, 711i. 88
$23,084.70
$13, 064, 631. 18
3
1
13,087,715.88
23,084.70
13,064,631.18
-Total __ _______ ___
See foot notes a t end of t a ble, p. 37.
---------------------------------.
REPORT OF RECONSTRUCTION FINANCE CORPORATION
TABLB
25
4.-Number of authorizations and borrowers, to which authorizations were
fNJde,· and amount of authorizations, withdrawals or cancelations, disbursements,
and amount outstanding, from Feb. 2, 1932, to June 30, 1939, inclusive, by
States 1-continued
LOANS TO BORROWERS ENGAGED IN THE FISHING INDUSTRY
[Under sec. 5 or the Reconstruction Finance Corporation Act, as a.mended]
Num-Number of • er of
au- bortitor- row1zations ers
State
Amount authorized
Amount withdrawn or
canceled
Amount disbursed
Amount outstanding as of
Jun~ 30, 1939 2
'
--------1-----..----1-------1-------1-----J'lorida. - _____________ _
Cleorgia_______________ _
'Maine _________ _______ _
·Massachusetts ________ _
Oregon ________________ _
South Carolina _______ _
Virginia _____ _________ _
2
9
2
2
3
2
1
1
2
27
22
12
4
2
3
2
1
1
--
Washington __________ _
Total ___________ _
$44, 900. 00_
45,125.00
-------- -- -- ------------------525,000.00 ---------------22,000.00 ---------------42,500.00 ---- -- ---------57,000.00 ----------------
525,000. 00
22,000. 00
42,500. 00
57,000.00
29,000.00
$1,925.00
7,350.01
220.00
643.89
255,666.67
655.27
38, 972.12
35,650.00
90,025.00
719,675.00
341,082.96
$57,100. 00
76,500. 00
600.00
29,000. 00
809,700.00
TOT~ SEC. 5c OF THE RECONSTRUCTION FINANCE
$12,200. 00
31,375.00
600.00
CORPOR.ATTON ACT, AS AMENDED
[Subscriptions for stock of mortgage loan companiesJ
•
Dlinois_________________
1
Total ____________
1
RFO
Mortgage
The
Co.• . ______________ . _
3
Federal National Mort1
gage Association•---Grand total ______
5
1
$1,250.000.00
1
1,250,000.00
1
25,000,000.00
----------------
$25,000,000.00
$25,000, 000.00
1
11, 000, 000. 00
----------------
11,000,000.00
11,000,000.00
3
37,250,000.00
1, 250, 000. 00
36, 000, 000. 00
36,000,000.00
$1, 250, 000. 00
-------- ------ --- - ----------------1, 250, 000. 00 ------------------ -----------------
;'J.'OTAL, AUTHORIZATIONS TO BUSINESS ENTERPRISES UNDER SEC. 5d OF THE RECONSTRUCTION FINANCE
CORPORATION ACT, AS AMENDED
[Dire.ct loans to business enterprises, including participations]
A)abama ______________
.Arizona___ _____________
.J.rkansas_. ____________
California______________
~olorado _______ __ _____
i:Jonnecticut ___________
b(.Jaware ____ ____ ______
istrict of Columbia ___
orida ________________
---------------
--------------------------------------------------------------------------Y------------a ___ ___________
---------------nd
_____ ________
husetts _____ ___ _
.gan ____ __ ·- -----esota ___ _________ _
__ . - __ ._____
- _-sippL
uri
__________
tana ______________
raska ______________
ada ___ _____________
Hampshire _______
Jersey __________ __
Mexico ___________
York _____________
b Carolina ________
h Dakota __ __ _____
Q ______ __ ______ __ ___
120
20
117
168
82
81
10
34
278
526
45
306
141
56
136
154
55
26
96
238
246
139
73
214
68
82
3
12
267
33
769
149
29
315
55
klahoma _____________
See footnotes at end of
111
19
108
151
78
68
10
29
247
459
40
274
130
53
128
145
51
21
82
199
224
129
71
186
60
73
$3,122,548.33
905,677.86
6,542,424. 10
20,765,898.32
1,671,511.33
5,897,945.00
372,400.00
550,485.00
5,482,927.00
12,734,897.72
988,566.00
26,306,622.98
5,376,650.00
1,841,425.00
2,174.726.85
4,435,361.57
1,089,950.00
866,160.00
4,714,016.67
11,411,384.99
22,517,814.65
3,265,759.25
1,277,442.09
12,477,208.33
971,142.50
1,847. 527. 77
101,621.93
1,768,500.00
20,909, 788.80
770,427.65
32,699,803.22
7,706,877.14
739,110.00
20,929,330. 89
1,179,800.00
3
10
223
30
640
136
27
268
52
table, p. 37.
$744,214.88
55,838. 13
607,029.60
3,210. 762.00
571,016.79
l,342,fi79. 82
39,900.00
143,884.26
746,895.50
2,750,924.43
104,987.69
5,630,756. 83
1,716.050.22
569,625.00
775,814.77
1,505,882.35
265,639.81
148,125. 00
1,748,213.67
3,274,730.88
4,544,403.59
87a,564.22
551,257.52
3,264,798.16
207,452.50
345,060.28
24,124.14
729,717.00
8,258,858.52
163,741.50
11, 928, 481. 12
1,872,599.91
41,550.00
4, 405, 081. 78
216,423. 34
$1,021,015.00
84,100.00
5,735,744.50
6,972,629.80
664,022.68
3,866,105.44
332,500.00
188, 041.00
3,912,543.44
7, 731, 185. 62
738, 833. 31
11,619,868.92
2,758,508.27
1,133,379.00
1,114,193.72
2,050,330.52
650,891.51
637,757.27
2,630,938.00
6,796,466.55
11,976,810.31
1,829,659. 20
421, 128.79
6, 282, 481. 04
408,350.00
685,573.86
77,497.79
943,783. 00
11,781,818.93
504,365.71
14,849,885. 12
4,591,938. 95
583,709. 73
9,937,965.69
572,150.00
$766, 371. 90
54,100.00
4,614,542.18
6,104,766.21
493,807.49
2,186,002,99
24,200.00
106,072.47
3,003,844.03
4,516.853.68
500.376.39
7,506,952.59
1,886,383.58
707,448. 86
562.372.87
1,467,919. 92
462,988.05
545,508.41
1, 538, 551. 69
4,463,817.04
7,594,809.83
1,342,578.43
262,952.24
4,162,705.53
242,005.81
460,361.89
6,500.00
648,869. 28
8,767,447.27
334,327.17
9, 406,658.38
3,031,367.77
535, 837.87
7,016,302.31
397,256.74
26
REPORT OF RECONSTRUCTION FINANCE CORPORATION
4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, disbursements,
and amount outstanding, from Feb. 2, 1932, to June .fiJO, 1939, inclusive, by
States 1-Continued
TABLE
TOTAL, AUTHORIZATIONS TO BUSINESS ENTERPRISES-Continued
State
Num- Number of her
au- bor-of
thor• rowizations ers
Amount authorized
Amount withdrawn or
canceled
Amount disbursed
--
Oregon ________________
154
129
Pennsylvania__________
429 1349
Rhode Island __ ________
25
29
South Carolina ________
63
55
South Dakota _________
29
29
Tennessee _____________
163
145
Texas __________________
238
258
Utah __________ ________
29
24
Vermont _______________
12
9
Virginia _______________
79
88
Washington ___________ a 1,306 1,033
West Vfrginia _________
66
58
W iscon~in ________ _____
112
106
Wyoming _____________ _
11
10
Alaska _____________ ____
3
3
Hawaii. ________ ____ ___
1
1
Puerto Rico _________ __
22
20
Total ____________ - 7,918 6,848
$9, 247. 921. 75
36,503,970.29
4,391,916.67
3,605,514.86
136,686.00
8,225,423.00
8,143,017.31
1,1{)3, 195.32
388,100.00
3,675,262.50
17,443.330.61
2,507, 781. 17
7,518,075.00
112,700.00
316,100. 00
200,000.00
1,102.500.00
$1,932.428.09
8,665,234.42
338,500.00
1,046,373.00
68,935.00
1,323,546.11
1, 374, 718. 75
119,763.56
126,990.50
1,015,902.31
3,275,769.45
840,495.21
2, 009, 181. 12
24,000.00
11,000.00
200,000.00
67,000.00
351,125,227.42
85,820,122.731
$5,859,531.54
17,036.984.23
3,781.066.67
863,176.97
32.~6.00
4, 966, 327. 58
2,196,093.34
621,224.28
246,109.50
1,028,808.14
5,121,475.22
988,315.95
3,801,349.62
56,200.00
Amount outstanding as of
June 30, 1939 1
- ,·
$2,029,874.64
12,944.314.02
2,741,356.72
403.77~.42
16,348.73
3,433,359.18
1,372,208.33
416,737.47
143,933.89
404,605.35
2,845,833.23
651,999.04
3,088,987.38
46,361.41
------------------ -~-------------------------------816,739.02
1,020,500.00 ----------------173, 706, 221. 71
117, 079,"292. 70
LOANS TO BUSINESS ENTERPRISES
[Under sec. 5d of the Reconstruction Finance Corporation Act, as amended]
Alabama __ ___
Arizona ____ __ _--------Arkansas ___ __--------California ____ _------- -Colorado ____ _----- --- --------Connecticut __ ------- Dela ware ____ _
------umbia
___
District of Col
Florida ______ _
Georgia ______ _--------Idaho ________ _---- ---- Illinois _______ _---- -------Indiana ______ _----Iowa __ __ _____ _--- ---- -Kansas ______ _------ -- - - - - - -- - Kentucky ___ _--- ---- -Louisiana ____ _----- --- Maine _______ _
Maryland ___ _----------- -- -- -Massachusetts ----- -- -Michigan ____ _
--- ---Minnesota ___ _--------Mississippi_ __ --------Missouri_ ____ _- - -- - ---Montana ____ _-- - ---- - Nebraska ____ _- -- -- ---Nevada ______ _-- -- - - -- New Hampsh ire ____ ___
New Jersey __ _- - --- - --New Mexico .. ---- - -- -New York . ___---- - -- -North Carolina __ ___ __ _
.North Dakota -- --- ---Ohio ______ ___
Oklahoma __ __---- ------- ---Oregon ___ __ __---------Pennsylvania ------ ---Rhode Island_ ----- ---South Carolina ___ _____
South Dakota
Tennessee ___ _--------Texas ________ _--------Utah _______ _ --- -----Vermont _____ _-- -------Virginia ___ __ _---------
$1,402,600.00
87
80
4
109,700.00
4
102
93
6,205,624.10
109
94
9,959,273.32
65
61
1,296,200.00
5,339,500. 00
56
44
10
10
372,400.00
26
21
472,360.00
222
251
4,984,947.00
460
397
9,564,706.06
33
29
863,700.00
256
226
24,874,049. 65
105
98
4,374.350.00
45
42
1,721,550.00
92
1,349,110.60
97
122
2,970.174.07
115
48
45
989,700.00
21
731,910.00
16
66
3, 686, 651. 67
79
187
154
9,650,350.00
165
16, 965, 714. 65
184
89
82
2,401,224.25
57
55
914,867.24
143
9,012,875. 00
168
47
52
57~,450. 00
1,023,834.43
56
63
101,621.93
3
3
7
1. 223, 500. 00
8
159
18,972,343.80
196
495,864.95
22
19
531
27,902,528.22
648
5,250,407.14
105
115
24
22
729,050.00
214
16,363.158.34
175
42
39
728.950. 00
118
101
6, 473. 191. 20
273
31,530,984.00
346
2,974,000.00
21
18
47
40
1,826,389.86
21
65,936.00
21
83
4,665.594. 26
96
189
173
6, 541. 100. 74
838,445.32
23
19
8
342,000.00
5
44
50
1, 781, 700. 00
--------See footnotes at end of table, p. 37.
$501,050.00
24,700.00
400,262.93
1,728,707.34
455,782.49
1,081,000.00
39,900.00
128.065.50
576,331.00
2,111.503. 87
78,996.69
5,155,366.83
1,432,300.22
494,500.00
469,820.25
759,568.36
258,102.37
134,550.00
1,539,213.67
2,584,125.22
3,499,857.63
605,792.16
426,556.21
1,512,684.56
131. 900. 00
195,480.29
24,124.14
305,000.00
7,470,495.27
115,275.00
9,303,240.57
1,340,104.91
34,700.00
3,158,769.79
132,450.00
904,555.11
7,323,343.41
324,000.00
769,423.03
28,050.00
628,123.18
1,023.272.41
114,500.00
98,690.50
725,109.26
$708, 341. 67
84,100.00
5,633,711.17
6,939,763.14
629,856.48
3,744,105.44
332,500.00
188,041.00
3,741,680.94
6,335,060.62
715,333.31
10,955,143.92
2,632,608.27
1,124,629.00
827,860.39
1, 701. 997. 19
600,891.51
567,757.27
2,019,938.00
6,639,748.71
11, 518. 810. 31
1,544,043.49
408,628.79
6, 104, 111 04
341,600.00
680,773.86
77,497.79
823,500.00
11,215,248.93
316,365.71
14,383,191.50
3, 281, 610. 53
582,749.73
8,975.433.55
565,400.00
4, 808, 611. 54
14,795,894.23
2,396,400.00
858,676.97
27,036.00
3,794,827.58
1, 969, 064. 61
595, i24.28
243,309.50
969,433.14
$479,165. 09
54,100. 00
4,526,804. 99
6,071,899. 55
493,807.49
2,071,522. 99
24,200. 00
106, 072.47
2, 841. 963. 59
3,755,490.86
480,488.89
7,007,874. 54
1,804,142.37
698,698.86
473,112.31
1, 303, 709. 03
438,566.87
545,508.41
1,432,051.71
4,354,928.1 1
7,265,753.92
1,244,132.3 7
251,667.51
4,023,176.1 2
201,693.31
456,041.89
6,500.00
600,655. 00
8,414,043.44
268,327.1 7
9,113,754. 26
2, 172, 995. 80
535,415.92
6,353,589.1 8
390,506.74
1, 722, 597. 16
11,142,419. 28
2,056,970.05
399,273.42
16,348.73
2,807,371.97
1,239,422.48
391,412.47
141,133.89
347,920. 38
REPORT OF RECONSTRUCTION FINANCR CORPORATION
4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, disbursements ,
and amount outstanding, from Feb. 2, 1932, to June 30, 1939, inclusive, by
Statu 1-Continued
TABLE
~
LOANS TO BUSINESS ENTEBPBISEs-Contlnued
,.
Nu.rn- Number of ber
au- bor-of
thor- rowlzations ers
State
l
1
;
Amount nuthorized
Amount withdrawn or
canceled
928
41
62
6
1
17
$7,963,330.61
1,540,695.45
5,411,775. 00
33,700.00
11,000.00
927,500.00
$2,518,220.22
596,949.50
1,802,000.00
1,500.00
11,000.00
37,000.00
Total ............ 6,295 5,349
266,510,588.86
65,116,013.89
Wasbln~D- -------··· a 1,191
46
West V rginia_·······-·
Wisconsin .............
66
Wyoming.•.....•...•..
7
1
J. Alaska.................
17
Puerto Rico ••••••....•
- -- -
Amount disbursed
Amount outshnding as of
June 30, 193P 2
$4,784,450.42
819,445.95
3,461,400.59
32,200.00
$2,565,600.55
510.094.40
2,973,523.25
23,486.41
-----------------885,500.00 ----------------693,406.64
157,384,008.07
107,293,341.84
PlJBCIIA.SBS OJ' PARTICIPATIONS AND AGREEMENTS TO PURCHASE PARTICIPATIONS, IN LOANS TO BUSINESS
ENTERPRISES
(Under sec. 5d of the Reconstruction Finance Corporation Act, as amended]
Alabama. ............. .
Arizona............... .
Arkansas ............. .
California..•.••••.•...•
Colorado.•.•.••..••...•
Connecticut._ ..•......
District of Columbia.•.
·· Florida••••••.•.•...•..
Oeorgia.·····-·········
Idaho................. .
,' .DJinois.•••.••.....•.•..
· Indiana..•.............
· Kansas .•••............
··. Iowa .•••••••...•.•••..
·
·.
:
Xen~~cky ..•..........
Lows1ana............. .
Maine -···-···········
Maryland .•• -.••......
Massachusetts...... _..
Michi,!an ••••..• -..... .
Minnesota ....... ~ .... .
· Mississippi. •........••
'._. M'issoun-••••••.•••••••
. ·; Montana •• 1••·········
. ·.~ Nebraska•••....••• -••.
New Hampshire.. --···
·trew J'ersey·····-······
· New Mexico..•.••. -...
, New York .•.••• ·-·····
North Carolina •.......
i .
Horth Dakota •••••...•
Ohio•••.•••••••••••... _
1
1
27
•
. Oklahoma ...... -... ~ ..
Pregon .... -.......... .
~-·Jtennsylvania••••.•••..
<,S hode Island_... -.•...
~ )Jouth Carolina •••.....
· th Dakota .••••.•••
33
16
15
59
17
31
15
15
57
17
25
8
24
8
27
66
12
50
36
11
39
32
25
62
7
6
5
17
51
62
50
16
46
16
19
11
48
32
11
36
30
5
16
45
59
47
'16
43
13
17
4
3
71
64
11
121
34
11
109
31
5
5
101
13
36
83
93
13
28
76
8
16
8
7
15
8
._ nnessee .. : ......... _
- xas................. .
67
69
62
65
, _ tah .... ·-············
6
4
5
4
ermont.............. .
--------------n ....... •-··
lrglnla._ ....... .
nsln ............ .
g•.••••...•. - .•
----------------lco •••••.•. : •.
.
•.
;.~
....
38
115
20
46
4
2
1
5
35
105
17
44
4
2
1
3
Total .••......... 1,623 1,499
$1,719,948.33
795,977.86
336,800.00
10,806,625.00
375,311.33
558,445.00
78,125.00
497,980.00
3,170,191 66
124,866.00
1,432,573.33
1,002,300.00
119,875.00
825.616.25
1,465,187.50
100,250.00
134,250.00
1,027,365.00
1,761,034.99
5,552,100.00
864,535.00
362,574.85
3,464,333.33
392.692.50
823,693.34
545,000.00
1,937,445. 00
274,5#\2. 70
4,797,275.00
2,456,470.00
10,060.00
4,566,172.55
450,850.00
2,774,730.55
4,972.986. 29
1,417,916.67
1,779,125. 00
70,750.00
3,559,828. 74
1,601,916.57
354,750.00
46,100. 00
1,893. 562.50
9,480,000.00
967,085.72
2,106.300.00
79.000.00
sos. too. oo
200,000.00
175,000.00
84,614,638.56
$243,164.88
$312,673.33
$287,206.81
31, 138. 13 -·· · -··· -· __ -· ·· .. _ -······· _. -· .....
206,766.67
102,033.33
87,737.19
32,866. 66
32,866.66
1,482,054.66
115,234.30
34,166. 20 ·······-·-·---···
261,879.82
122,000.00
114,480.00
15,818.76 ------·----· -·- -·· -·-·····------·-·
170,564.50
170,862.50
161,880.44
639,420. 56
1,396. 125. 00
761,362.82
25,991.00
23,500.00
19,887 50
475,390.00
664,725.00
499,078.05
283,750.00
125. 900.00
82,241.21
75,125.00
8,750. 00
8,750.00
305,994.52
286,333.33
89,260.56
746,313.99
348,333.33
164,210.89
7,537.44
50,000.00
24,421.18
13,575.00
70,000.00 -······--- -·· · --·
209,000.00
611,000.00
106,499.98
690,605.66
156,717.84
108,888.93
1,044,545.96
458,000.00
329,055. 91
267,772.06
285,615.71
98.446.06
124,701.31
12,500.00
11.284. 73
1,752,113.60
178,370.00
139,529.41
75.552. 50
66,750.00
40,312.50
149,579.99
4,800.00
4,320.00
424.717.00
120,283.00
48.214.28
788,363.25
566,570. 00
353;403.83
48,466.50
188,000.00
66,000.00
2,625,240.55
466,693.62
292,904. 12
532,495.00
1,310,328.42
858,371.97
6,850.00
960.00
421.95
1,246.311. 99
962,532.14
662,713.13
83,973.~4
6,750.00
6,750.00
1,027,872.98
1,050,920. 00
307,277.48
1,341,891.01
2,241,090.00
1,801,894.74
14,500. 00
1,384,666.67
684,386.67
276,949.97
4,500.00
4,500.00
40,885.00
5,850.00 ······ ·-··--- · ·-·
695,422.93
1, 171.500.00
625,987.21
351,446.34
227,028.73
132,785.85
25,325. 00
5,263.56
25,500.00
28.300. 00
2,800.00
2,800.00
290. 793.05
59,375.00
56,684.97
757.549.23
337,024.80
280,232.68
243,545.71
168.870.00
141.904.64
207,181.12
339,949.03
115,464.13
22,500.00
24,000.00
22,875.00
•••.••.. .. __ . __ . _............•.......•...........••
200,000.00 -···············-· ·········-·······
30,000.00
135,000.00
123,332.38
20,704,108.84
16,322,213.64
9,785,950.86
/,-----------------------------------t~
-
"See footnotes at end of table, p. 37.
28
REPORT OF RECONSTRUCTION FINANCE CORPORATION
4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, disbursements,
and amount outstanding, from Feb. 2, 1932, to June 30, 1939, inclusive, by
States 1-Continued
TABLE
LOANS TO PUBLIC BODIES TO
AID IN FINANCING PltO1ECTS AUTHORIZED UNDER FEDERAL, STATE, OB
MUNICIPAL LAW
[Under sec. 5d of the Reconstruction Finance Corporation Act, as amended]
State
Alabama ____ ________ ___
Arkansas. _____________
California _____________ _
Florida ________________
Georgia ________________
Illinois __ ____ ___________
Indiana ________________
Iowa _______ __ __________
Kansas ____________ ____
Kentucky _________ ____
Louisiana ______ ____ ____
Maine _______ __________
Michigan _____ ____ ____ _
Mississippi. ___________
Montana ______________
New Hampshire _______
New Jersey ____________
New Mexico ___________
New York _____________
North Carolina ________
Ohio ___________________
Oklahoma _____________
Pennsylvania __________
South Carolina ________
Tennessee _____________
Te~as __________________
Utah __________________
W ~shin~ton ___________
Wisconsin _____________
Total ____________
Number of
author-
Num-
-
---
ber of
borrowizn.tions ers
6
9
4
4
6
8
1
1
1
2
1
1
2
9
1
1
1
4
3
3
7
3
4
4
6
8
1
1
1
2
1
1
2
7
1
1
1
3
3
3
3
3
1
5
11
2
2
1
2
1
3
9
2
1
1
102
85
2
--
TOTAL, SECTION
3
7
5e
Amount authorized
Amount withdrawn or
canceled
Amount disbursed
Amount outstanding as of
lune 30, 1939 J
$246,000.00 -----------------$3,646,000.00
109,000.00
$238,300.00 ----------------362,300.00
$183, 300. 00
164,100.00 ------------------ ----------------287,500.00
161,000.00
1, 607, 000. 00
1,137,000.00
882,000.00
16,000.00
4,767.991. 81
2, 460, 991. 81
34,000.00
635,000.00
741,400.00
2,400.00
2,400.00
67,100.00
67,100.00
255,000.00
255,000.00 ------------------ ---------------------------------- ----------------7,000.00
58,000.00 ---------------- ------------------ ----------------19,000.00 ---------------- ------------------ ----------------25,000.00 ---------------25,000.00 ------------------ ----------------15,000.00
5.000.00 ------------------ ----------------4,845,500.00
220,000.00 -----------------549,000.00 ----------------548,000.00
175,000.00
1, 600, 000. 00 ---------------- -----------------600,000.00
600,000.00 -------------------------------418,000.00 ---------------30,000.00 ---------------- -----------------13,000.00 ---·------------13,000.00
10,266,036.00
566,000.00
9,700.036.00
154,000.00
19,000.00
45,000.00 ----------------45,000.00
1,286,000.00
549,000.00
737,000.00
49,000.00
621,000.00
342~000.00
---------9,159,525.92 ----------------35,010,000.00 --------------------·
10,000.00 ---------------- ------------------ -------------------------------14,308,000.00
6,000,000.00
8,300,000.00
8, 300, 000. 00
159,000.00
3,410,000.00
1, 273, 000. 00
1, 273, 000. 00
67,500.00
63,000.00 ---------------------------------·
13,720,000.00 ------------------------------------------------55,000.00
56,000.00
-----------------
------------------
97,834,327.81
9,502,200.00
34,369,253.73
11,929,700.00
OF THE RECONSTRUCTION FINANCE CORPORATION ACT, AS AMENDED
[Loans on the assets of closed banks and trust companies]
Arkansas ______________
California ______________
Colorado _______________
Florida ________________
Illinois _________________
Indiana ________________
Iowa ___________________
Kansas ________________
Michigan ______________
Minnesota _____________
Missouri. ______________
Nebraska ______________
Nevada ________________
New York _____________
North Carolina ________
North
Dakota _________
___________________
Ohio
Oklahoma _____________
Pennsylvania __________
South Carolina ________
South Dakota _________
Texas __________________
Washington ___________
Wisconsin _____________
Total ____________
1
3
2
1
2
1
9
2
64
10
1
19
1
2
2
32
6
1
2
1
101
3
2
1
25
25
12
1
4
-204-
2
1
9
2
56
10
1
19
1
2
2
32
1
1
2
1
12
1
4
191
$495,000.00 ----------------35,901.55
$508.68
10,050.20
2,812.00
1.100. 00
76,049.67
680,585.03 ----------------4,100.00
26,600.00
105,002. 20
29,546.79
11,107.93
24,500.00
1,208,308.69
14,717,872.55
139.847.13
46,845.53
14,500.00 ----------------253,951.84
66,422.52
6,000.00
6,000.00
2,691.22
16,922.72
15,005.00 ----------------39,798.12
563,593.98
32,234,617.85
70,259, 749. 73
8,800.00
427. 51
268,000.00
2,955.50
136,935.82
1,450,000.00
88,007.38
317,674.86
194,053.11
92,179.79
75,000.00
86,146.93
101,721.08 ----------------89, 781, 430. 98
See footnotes at end of table, p. 37.
34, 135, 461. 93
----------------$9,994.78
$35,392.87 ----------------7,238.20 ----------------1,100.00
438.25
604,535.36
22,500.00
75,455.41
13,392.07
13,285,743.88
93,001.60
14,500.00
187,529.32
2,522.16
----------------7,700.98
1,631.24
1,540,395.67
27,015.64
245.13
152,028.22
----------------14,231.50 ----------------10,012.48
15,005.00 ----------------319,510.20
523,795.86
28, 596, 905. 39
8,372.49
265,044.50
1, 313, 064. 18
229,667.48
101,873.32
10,000.00
2,644.65
132,863.26
895,199.84
134,436.32
41,649. 3G
----------------6,403.46
15,574.15 -----------------·
45, 423, 922. 58
3,294,691.64
REPORT OF RECONSTRUCTION FINANCE CORPORATION
29
4.-Number of authorizations and borrowers, to which authorizations were
. made; and amount of authorizations, withdrawals or cancelations, disbursements,
r- and amount outstanding, from Feb. 2, 1932, to June 30, 198.9, inclusive, by
States 1-Continued
:•ABLE
LOANS ON SELF-LIQUIDATING PROJECTS
(Under sec. 201 (a), title II, of the Emergency Relief and Construction Act of 1932, as amended]
State
Num-N umber of ber of
author- boriza- rowtions ers
I
Amount autborized
Amount withdrawn or
canceled
Amount disbursed
Amount outstanding as of
June 30, 1939 2
..--- - - - - - -1----1------1------------- -------
~~--s_____________ _
6
5
6
-------------·
------0 _____
___ ------______ _
10
3
10
13
8
t10Dnecticut __________ _
5
5
1
1
7
2
1
7
7
2
---------------~P&--------------------------------------------------- .------------ -- ------- -----------_
a__--___________
16
d __ __________ _
1
~
:111g1m ______ ___ _ _ __ _
ta ___
----------_____ ___ _
~~~~ppi
1
7
4
l
3
4
3
1
--------------ka-------------_____________ _
2
3
2
2
Hampshire_ ---- --
1
York________ ____ _
Carolina _______ _
10
------------------ma _____ ______·__
--------------'PAlllDS lvania
__ _______ _
10
Jersey ___________ _
Mexico __________ _
arolina _______ _
akota ________ _
------------------------------n __________ _
-----------------------------------_
g_____________
ico __________ _
Total____________
5
6
8
2
2
4
3
1
21
6
8
2
1
1
1
1
4
1
3
14
4
1
3
1
2
3
2
2
1
4
4
9
8
9
2
2
4
2
1
20
6
'g
2
1
1
1
1
$224,000.00
$149,500.00
$74,500.00
$70,500.00
1,703,500.00
13,500.00
1,565,000.00
1,422,000.00
1,463,851.92
515,000.00
948,851.92
595,641.60
310,655,700. 00
6,436,000.00
257,963,097.06
14,054,000.00
2,002,233.79
572,430.00
1,429,803.79
878,000.00
100,000.00
100,000.00 -------- --- - ---- -- ------- - - -------1,644,930.78
930,000.00
714,930.78
465,000.00
41,000.00
19,000.00
22,000.00
4.000.00
60,000.00
60,000.00
60,000.00 ---------------7,830,723.00
4,756,250.00
3,074,473.00
97,000.00
833,000.00
773,000.00
60,000.00
----------------9, 700. 00
9, 700. 00 __________________ ___ ______ ______ __
820,000.00 -- --- --- - -- -- -820,000.00
755,000.00
1,519,624.00
514,624. ()(I
998,000.00
322,000.00
16,063,000.00
1,789,777.20
14,273,222.80 - -- -~ ----------- 59,850.00 --- - -- - --------59,850.00 ------- -------- -718,841.47
75,000.00
643,841.47
627,242.17
575,000.00
575,000.00 -- - ------- -------- -- ---- --------- -325, 000. 00
50, 000. 00
275, 000. 00
125, 000. 00
996,140.00
954,140.00
42,000.00
36,000.00
207,000.00
27,000.00
180,000.00 --------------- -75,000.00
60,000.00
15,000.00
14,000.00
250,000.00 -------- -- -----250,000.00 --------- -- -- --- 3,361,904.37
85,904.37
3,276,000.00
338,000.00
6, 279, 600. 00
309, 000. 00
5, 385, 600. 00
5, 232, 600. 00
27,218,000.00
5,341,000.00
21,862,000.00
12,633,200.00
1,120,473.20
592,473.20
528,000.00
364,000.00
628,800.00
175,300.00
453,500.00
145,500.00
299,982.81 -------- -------299,982.81 ------- --- --- ---734,625.00
10,000.00
724,625.00
724,157.50
215,000.00
100,000.00 ----- ------- --- -315,000. 00
230, 500. 00
81; 000. 00
149, 500. 00
69,000. 00
105,000.00
105,000.00 --------- -- ------- ------- --- - ----- 4,278,662.85
3,185,650.00
1,093,012.85
37,200.00
737,300.00
685,300.00
52,000.00
14,500.00
2,110,225.80
131,376.00
1,978,849.80
183,643. 40
3,026,318.37
2,476,318. 37
550,000.00 ------- - --------3,000.00
3,000.00 ------------------ --- -- -----------40,000.00 ---------------40,000.00 ------- -- --- - ---125,000.00
125,000.00
-----------------1, 300, 000. 00 ________________
1, 300, 000. 00 ----------------___ _____ . ______ __
---1------1-------1-------1------192
176 400,092,487.36
31,841,243.14
321, 262, 641. 28
39,267,184.67
1933
[Under sec. 201 (a) (6), title II, of the Emergency Relief and Construction Act of 1932, as amended]
Lo.ANS POB FINANCING REP.Am OF DAMAGE BY EARTHQUAKE, FIRE, TORNADO, OR CYCLONE IN
6
1
1
4
---------------------------------------- - -1 -
Total ____________
13
1
1
2
1
$7,500,000.00
1, 000, 232. 20
200,000.00
1, 650, 000. 00
100,000.00
$639.00
886,527.32
43,200.00
990,627.04
130. 74
6
10,450,232.20
1, 921, 124. 10
1
See footnotes at end of table, p. 37.
$7,499,361.00 ----------------113,704.88
$104,474.88
156,800.00
91,929.38
659,372.96 ----------- ---- -99,869.26 ------ -- ----- - --196,404.26
8,529,108.10
30
REPORT OF RECONSTRUCTION FINANCE CORPORATION
4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, disbursements,
and amount outstanding, from Feb. 2, 1932, to June 30, 1939, inclusive, by
States 1-Continued
TABLE
LOANS FOR FINANCING OF AGRICULTURAL COMMODITIES AND LIVESTOCK
•
[Under sec. 201 (d), title II, of the Emergency Relief and Construction Act of 1932]
Num- Number of ber
au- bor-of
thor- rowiza•
tions ers
State
Alabama ___________ • ___
Arkansas. _____________
California•••. __________
Colorado •••• ______ ___ _
Delaware ______________
Florida ________________
Georgia ________________
Illinois _________________
Indiana ________________
Ken~t?-Cky
-- - - --- ---- -Loms1ana ______________
Maine _________________
Maryland ______ ____ ___
Massachusetts. ________
Michigan ________ ___ ___
Mississippi_ ___ ______ __
Missouri. .• __ __ __ ______
Montana. _____________
New Jersey ______ ______
New York _____________
North Carolina ________
North Dakota _________
Ohio ___________________
Oregon. _______________
Pennsylvania __________
Tennessee _____________
Texas __________________
Virginia. ______________
Washington ___________
West Virginia ___ ______
Wisconsin _____________
Puerto Rico ___________
Total ____________
Loans to Commodity
Credit Corporation•Grand total_ _____
Amount authorized
Amount withrlrawn or
canceled
Amount disbursed
Amount outstanding as of
June 30, 1939 ,
--
-
1
1
5
5
21
1
2
7
1
1
6
12
11
1
5
2
10
2
5
1
4
8
4
1
5
4
4
8
6
4
6
2
7
2
16
1
1
2
1
1
3
4
10
1
2
2
7
2
5
1
2
6
1
1
3
2
2
3
5
4
5
1
4
$150,000.00
$150,000.00
725,000.00
603,219.30 -----------------$121,780.70 ----------------5,063,750.00
2,469,560.87
2,594,189.13 ----------------500,000.00
374,950.00
125,050.00 ----------------100,000.00
99,100.00
900.00 ----------------393,377.32
393,377.32 -------------------------------15,000.00 ---------------15,000.00 ----------------10,500.00
2,000.00
8,500.00 ----------------757,111.54
460,211.94
296,899.60 ----------------5,561,511.97
3,127,589.16
2,433,922.81 ----------------$129,522.66
50,495,000.00
50,452,250.00
42,750.00
----------------35,000.00
35,000.00
575,000.00
200,000.00 -----------------375,000.00 ----------------350,000.00
138,603.71
211,396.29 ----------------3,450.98
570,000.00
442,402.80
127,597.20 ___ _
_________
----------------60,750.00
60,750.00
-----------------104,000. 00
8,000.00
96,000.00
39,025.00
2,500.00
615.00
1,885.00
285,000.00
11,432.03
273,567.97 ----------------1,700,269.65
1,099,344.17
600,925.48 ----------------120,000.00
20,035.21
99,964.79 ----------------6,000.00
1,080.00
4,920.00 ----------------1, 035, 000. 00
400,217.72
584,782.28 ----------------420,000.00
350,000.00
195,820.71
154,179.29
318,500.00
28,062.24
290,437.76 ----------------12,610,723.25
4,308,825.84
8,301,897.41 ----------------219,551.00
20,000.00
199,551.00 ----------------868,624.91
603,730.27
264,894.64 ----------------71,755.34
333,030.00
145,724.80
187,305.20
100,000.00
175,000.00
175,000.00 -----------------1,571,313.44
95,750.00
1,475,563.44 ----------------1, 000, 000. 00
637,745.53
362,254.47 -----------------
,
1
--------159
105
86,061,513.08
66, 367, 021. 30
19, 644, 491. 78
763,753.98
11,604,712,664.99
836,995,702.78
767, 716, 962. 21
-----------------
106 1,690,774,178.07
903,362,724.08
787,361,453.99
763,753.98
28
-187
-----------------
See footnotes at end of table, p. 37.
I
l
l
J
31
REPORT OF RECONSTRUCTION FINANCE CORPORATION
2TABLE 4.-Number of authorizations
and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, disbursements,
and amount outstand'l'.ng, from Feb. 2, 1932, to June 30, 1939, inclusive, by
Statea 1-Continued
.: .
41
AMOUNTS
1\1: ADE AV.AIL.ABLE FOB REUEF .AND WORK REUEF
[Under sec. 1, title I, of the Emergency Relief and Construction Act of 1932, as amended]
Nu.m-
State
Alabama________________
______________
Arizona
Arkansas ______________
California•••• __________
Colorado ... ___________
Florida.________________
- ------ -------Georgia
Idaho __________________
Illinois _________________
Indiana ________________
Iowa ___________________
Kansas ________________
Kentucky _____________
Louisiana ____ __ ____ ____
Maine _______ _______ ___
Maryland ____ . ________
Michigan ________ ______
Minnesota ______ ____ ___
Mississippi_ ___________
Missouri ... _______ -.. __
Montana ______________
Nevada ________________
New Hampshire _______
New Jersey ____________
New Mexico ___________
New York _____________
North Carolina ________
North
Dakota _________
Ohio ___________________
Oklahoma _____________
Oregon ________________
Pennsylvania __________
Rhode Island. _________
South Carolina. ____ . __
South Dakota _________
Tennessee _____________
Texas
__________________
Utah __________________
Virginia _______________
Washington ___________
W• Virginia ___ _______
Wisconsin. _____ . ______
Hawaii ________________
Puerto Rico ________ • __
Total ____________
l'
I
.
\
'
-
Number of ber
au- bor-of
thor- rowizations ers
14
7
7
9
8
6
20
5
13
15
10
7
9
6
6
2
30
8
8
16
21
10
3
1
5
5
5
11
37
5
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
16
1
1
1
1
7
1
7
2
5
13
13
9
20
18
15
5
2
1
- 442 -
1
1
1
1
1
1
1
1
1
1
44
Amount authorized
Amount withdrawn or
canceled
$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 --- ------------4,058,919.00 --- -- -- --------4,616,789.00 --------------- 2,368,285.00 --------------262,632.00 ----------------1,366,603. 00
2,009,291.00 ---------------387,903.00 ---------------26,600,000.00 ---------------5,950,000.00 ------------------592,768.00 --------------------------19,272,20500
15,000.00
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 ------------------------------7,952,292.00
1.00
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
See footnotes at end of table, p. 37.
15,001.00
Amount disbursed
Amount outstanding as of
June 30, 1939 2
$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 ----------------------------- ---4,058,919.00 ------------·--4,616,789.00 ----------- -----2,368,285.00 ----------------262,632.00
1,366,603.00 --------------------------------2,009,291.00 ----------------387,903.00
----------------26,600,000.00 ----------------5,950,000.00 ----------------592,768.00
19,257,205.00 ----------------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 -----------------
-----------------
8 299,984,999, 00
(8)
TABLE
4.-Number of authorizations and borrowers, to which authori1,ations were made; and amount of authorizations, w1thdrawals or cancelations, disbursements, and amount outstanding, from Feb. 2, 1932, to June 30, 1939, inclusive, by States 1-Continued
TOTAL, ACT APPROVED MAR.
9, 1933,
Number Number
Net
Less:
Amount outstand•
number
Of BU•
Amount with•
DuplicaAmount
authorized
of
boring as of June 30,
Amount
disbursed
thoriza- rowers
of bordrawn or canceled
tions
u
1939 a
tions
rowers
Alabama _______________________________________ ________
Arizona ____________________________________________ ____
Arkansas ______________________________________________
California ______________________________________________
Colorado ___ ________________________________ ____________
Connecticut ___ ________________________________________
Delaware __ ________ ____________________________________
District
of Columbia _____
-----------------------------Florida ________________
________________________________
Georgia __________________ ____ ______ ____________________
Id_aho _________________ _________ ________ ________________
Illinois ... ______________ ______ _-__ ___ - . ______- -______ --Indiana ____________ ______ ______ ___ _____________ ________
Iowa _____ ________________________ ______ _________ _______
Kansas _______________ _________ ___________ ________ _____
Kentucky _________________ ____________ __ __ __ __ ___ _____
Louisiana. _______________ ______ ____ ____ _____ _____ ______
a1ne ___ ____________________ ______ ________ _____ _______
M'
Maryland _______________________ ______ ____________ ____
Massachusetts ________ ____ __ ___ ______ __________________
Michigan __________________________ ____________________
Minnesota ___________________ ____ ___ _________ _________ _
M'1ss1ss1pp1
. . . __________________ __________________________
Missouri _______________________________________________
Montana ______________________________________________
Nebraska ______________________________________________
Nevada ________________________________________________
New Hampshire. ______________________________________
New Jersey ______________________ ________ ~------------New Mexico. __________________________________________
New York _____________________________________________
North Carolina ________________________________________
North Dakota _________________________________________
Ohio ___________________________________________________
Oklahoma. _______________________________________ · ____
~regon. _______________________________ ·___ · __________ _
ennsylvania____________________________________
~- $16,493,200.00
2,455,000.00
5,365,500.00
78,373,070.00
5,040,000.00
8,609,800.00
2,680,000.00
5,200,000.00
2,332,200.00
5,897,500.00
2.335,000.00
94,779,500.00
18,839,250.00
12,640,500.00
6,049.250.00
11,382,500.00
16,607,000.00
11,173,000.00
11, 408, 130. 00
20,031,000.00
43, 965, 100. 00
18,083,125.00
15,718,150.00
25,928,300.00
4,214,000. 00
9,518,300.00
205,000.00
1,398,000.00
103,351,800.00
1,077,500.00
397,056,600.00
8, 182, 500. 00
4,504,500.00
100,505,764.00
11,291,000.00
2,300,000.00
7
---------64
---------1
------------------7
1
1
2
---------1
------------------81
-
.
--
4
2
---------2
8
129
1
19
46
-------- ----------30
---------82
1
1
3
6
6
86
----- ---11--
7
~
AS AMENDED
[Loans on and subscriptions for preferred stock, and purchases of capital notes or debentures, of banks and trust companies]
State
Cl-'
$289,625.00
25,000.00
946,500.00
9,870,645.00
146,500.00
1,417,674.00
2, 112, 700. 00
2,300,000.00
131,000.00
1,062,000.00
205,000.00
3,048,385.83
1,873,000.00
2,377,500.00
776,500.00
2,302,650.00
1,060,000.00
2,047,500.00
2,059,960.00
3,356,800.00
3,239,839.00
704,600.00
1, 055, 000. 00
4,893,375.00
133,500.00
970,250.00
-------------------611,365.00
9,515,283.93
362,500.00
74,831,845.84
694,000.00
490,000.00
7,133,527.00
357,000.00
350,000.00
10. 251. 753. 50
!ift 2RR. R!i0. 00
~
I 8-e·
,a
~
~
~
1-3
0
>-:cj
$16,203,576.00
2,, 430, 000. 00
4,419,000.00
68, 502, 425. 00
4,893,500.00
7,192,126.00
567,300.00
2,900,000.00
2,201,200.00
4,835,500.00
2,130,000.00
91,731,114.17
16,966,250.00
10,263,000.00
5,272,750.00
9,079,850.00
15,547,000.00
9,125,500.00
9,348,170.00
16,674,200.00
40,725,261.00
17,378,525.00
H,313,150.00
21,034,925.00
4,030,500.00
8,548,050.00
205,000.00
786,635.00
90,621,516.07
715,000.00
320, 665, 254. 16
7,488,500.00
4,014,500.00
93. 372,237.00
10,934,000.00
1,950,000.00
46.010.096.60
~ ♦ 4id~..lllral...-
~...._•.a,,...........
$8, 781, 881. 42
1,209,000.00
3,178,323.31
40,041,558.69
2,147,950.00
5,686,215.67
312,900.00
2,028,300.00
1, 180, 291. 46
2,686,485.97
1,568,250.00
34,606,339.Y2
10,283,980.00
5,285,415.00
3,391,524.01
6,199,507.50
6,749,973.75
5, 491, 451. 21
7,167,315.00
8, 763, 581. 30
28,393,750.43
7,303,565.90
6,943,877.45
6, 680, ·'13. 23
1,108,320.00
2,883,707.00
90,000.00
268,635.00
78,023,797.56
551,750.00
62, 002, 536. 77
4,896,634.10
2,255,092.31
51,906,067.24
2, 112, 268. 99
955,325.00
35. 633. 249. 23
~
a
0
~
U2
1-3
~
a
1-3
1-t
0
~
>-:cj
1-t
~
>
~
a
l:r:.:I
a
0
~
~
s~ ~
~ ~·.i
-t,.,,.. .,
..;r ...-.. • ~~:.;____
______
-...:..~-----~--·••: •.;-_: .:.:.~-.:::·•••
~
~
10th Oarollna. --······--······-· -·-·-·-·-······-- ·--·
South Dakota....... ................... ...............
Tennessee.... ................... ................... ...
Texas.......... .................. .................. ....
Utah........... .................. .................. ...
Vermont...... ................... ................... ...
Virginia . ................. ................. ............
Washington. ................... ................... ....
West Virginia.······ ···············--· ·············-··
Wisconsin... ................... ................... ....
Wyoming _____ ·-······-·········- ·--------··-···- ··-·-·
Alaska. ................... ................. .............
Puerto Rico........... .................. ..............
Virgin Islands........ ................... ..............
Total.......... .................. ................
Subscription!il for preferred stoclr ofExport•Im port Bank of Washington'-- ··-·-·-·····
Second Export-Import Bank of ,vashington,
D. C.'
Grand total .........•. _..••.. _.. _.... _.. _._ .• ·--See footnotes at end ofta.ble, p. 37.
-
~ ~
- '.
•"-I·
·'\--:::
• •
·a
•
40
129
135
446
44
60
164
111
95
456
27
1
4
1
8,649
7,322
1
8,653
...
-
...:_ •• • , • "
, __________ ·-
45
143
138
465
45
62
177
117
105
526
31
1
4
3
3
- ,. ,..
_ .. , •
A'
-
•.•
7 ·•"-• ►.,.-·
.-.~~ 1 --..,.. •:i:; ..-..-r~
- •. -... ,.·
~
.-. ·"'.,.,,;.· , -,.,,., .,,.~-~
• •, ·. ··.. ..., . '·••
...•••••..
1
2
4
...•••••..
...•......
1
...•......
.....•.•..
2
2
........ __
1
..........
469
1 1-•········
1
7,324
---------469
· ,~-i-
•o
128
133
442
44
60
163
111
95
454
25
1
3
1
_,
aaOIII•"'
;
1, , •
160. ooo. oo
2. 981,800. oo
M, 000. 00
4. 622,100.00
1,662,lKJO.OO
14,221,550.00
6,190,625.00
36,564,750.00
816,000.00
4,360,000.00
17,295.000.00 --·············--- -·
2,093,360.00
12,788,000.00
1,432,000.00
8,196,500.00
634,933.34
6,996,000.00
4,727,900.00
88,075,000.00
320,000.00
1,687,500.00
37, 500. ·oo •••••••••••••• __ .. __
250,000.00
1,500,000.00
126, oOO. 00
251,000.00
6,853
1,291,804,589.00
1
45,000,000.00
2,500,000.00
.1
6,855
170,100,587.44
----1------1
l,339,304,M9.00
170,100,587.44
.
.
_.-...--.,~~
.. -.
~,~,,--1
898, d. oo
•
.
-
~
1,828, eoo. oo
i, 771, soo. oo
2,473, 1M9. 02
4, "38, JOO. 00
10,190,800.00
12.669.060.00
17,037,855.71
81,374,126.00
1,962,861. 43
4,tM6,000.00
16,428.925.00
17,295,000.00
6,240,626.75
10,694,650.00
2,587,237.50
6,414.500. 00
3,540,410.94
6,461,066.66
22,792,450.34
33,347,100.00
790,393.56
1,367. MO. i:o
37,500.00 .••• __ •••..... __ ___.
450, ooo. oo
1,260,000.00
120,250. 00
125,000.00
1,116,154,501.66
45,000,000.00
2,500,000.00
1,163,654, 501. 56
635,886,844.97
-....,.
. . . . .•"'-"_~-·~......
-:-~
,...,.
.
~
~
~
0
~
~
a
45,000,000.00
0
~
580,886.844.97
~
..,rn
§
0
~
~
~
>
~
~
a
0
ij
0
..,~....
0
~
~
~
34
REPORT OF RECONSTRUCTION :FINANCE CORPORATION
4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, disbursements,
and amount outstanding, from Feb. 2, 1932, to June 30, 1939, tnclusive, by
States 1-continued
TABLE
LOANS ON PREFERRED STOCK OF BANKS AND TRUST COMPANIES
[Under the act approved Mar. 9, 1933, as amended]
Num- Number ber
of au- of
thor- boriza- rowtions ers
State
Alabama _______________
Arizona ________________
Arkansas. ___ __________
California ______________
Connecticut ___________
Florida ________________
Georgia ________________
Idaho __________________
Illinois _________________
Iowa _________ __________
Kansas _________ ____ ___
Maine _________________
Maryland. ____ . _____ __
Massachusetts _________
Michigan __________ ____
Minnesota _____ ______ ..
Mississippi. _____ . _____
Missouri _____ ___ . __ ___
Montana ______ ________
Nebraska ______________
New Jersey ____________
New York _____________
North Carolina ________
North Dakota _________
Ohio ___________________
Oklahoma. ____________
Pennsylvania. _________
South Dakota _________
Tennessee. ____________
Texas __________________
Virginia ______ _________
West Virginia __________
Wisconsin. _____________
Wyoming ______________
Amount
authorized
Amount
withdrawn or
canceled
Amount
disbursed
Amount outstanding a.~ of
June 30, 1939 '
--
19
1
7
12
42
15
2
1
1
1
2
4
5
12
2
22
1
]
1
689
73
88
3
3
2
28
56
6
2
7
9
1
7
5
1
7
1
1
1
1
2
4
1
3
2
8
1
1
1
106
29
42
3
1
1
6
12
3
1,
2
5
1
1
3
2
Total ____________ 1,120
272
4
1
4
$3,180,600.00
$32,025.00
$3,148,575.00
$681,331.42
50,000.00 ---------------50,000.00 ----------------549,500.00
549,500.00
314,103.31
3,071,050.00 ---------------539,750.00
2,531,300.00
9,891.69
309,800.00
160,000.00
149,800.00
8,334.67
135,200.00
1,000.00
134,200.00
18,621.46
25,000.00 ---------------25,000.00
25,000.00 ---------------25,000.00 ----------------12,500.00 ---------------12,500.00 ----------------50,000.00 ---------------50,000.00 ----------------28,000.00
3,000.00
25,000.00 ----------------15,971.57
573,000.00
47,500.00
525,500.00
498,716.21
30,630.00
30,630.00
---- -----------------------506,000.00 ---506,000.00
177,891.30
437,500.00 ---------------5,300.00
432,200.00
308,165.43
175,625.00
1'14,025.00
1,600.00
133,170.00
22,650.00 ---------------22,650.00
9,604.80
1,548,000.00
1,548,000.00
--·
----------------- -----------10,000.00
10,000.00
2, 811, 700. 00 ---------------248,700.00
2,563,000.00 ----------------479,057.00
4,929,050.00
1,702,100.00
3,226,950.00
2,280,188.56
2,122,150.00
227.950.00
1,894,200.00
1,139,861.12
187,500.00
12;soo.oo
175,000.00
14,639.40
20,0UO.OO ---------------20,000.00
17,000.00
2,400.00 ---------------2,400.00
2,035.24
791,000.00
264,500.00
526,500.00
11,968.99
410,55u.OO
27,100.00
383,450.00
229,850.89
6,100.00 ---------------6,100.00
3,688.59
300,000.00
300,000.00 ---------------85,000.00
451,250.00
300,000.00
151,250.00
108,082.25
20,000.00
5,000.00
15,000.00
200,000.00 ------·---------200,000.00 ---------------113,668.44
83,000.00 ---------------83,000.00
46,841.17
115,000.00
115,000.00
9,393.56
---------------23,189,755.00
5, 126,025.00
18,063,730.00
6,717,077.07
SUBSCRIPTIONS FOR PREFERRED STOCK OF BANKS AND TRUST COMPANIES
[Under the act approved Mar. 9, 1933, a.s amended]
labama ______________
79
76
4
4
Arkansas ________ ______
132
126
California ______________
139
135
Colorado ______________
63
59
C onnecticut ___________
45
42
Delaware ____________ __
5
5
4
D
istrict________________
or Columbia ...
3
Florida
49
46
Georgia ________________
21
20
Idaho __________________
34
28
I llinois __________________
154
148
ndiana ________________
I owa
62
61
___________________
IKansas ________________
156
152
219
230
K entucky _____________
145
136
______________
L ouisiana
103
101
M aine _________________
30
29
M aryland. ____________
19
15
M assachusetts _________
82
73
M icbigan ______________
221
204
M innesota_____________
110
106
M !ssissi:ppL ___________
154
152
1ssouri
_______________
M
103
93
ontana ______________
Mebraska
54
53
______________
52
52
N
4
4
N evada ________________
N ew Hampshire _____ __
16
16
See footnotes at end of table, p. 37.
A
A rizona ________________
$257,600.00
$13,312,tiOO.OO
25,000.00
1,565,000.00
946,500.00
4,816.000.00
9,330,895.00
70,302,020.00
146,500.00
5,040,000.00
1,257,674.00
8,300,000.00
27,700.00
165,000.00
2,300,000.00
3,400,000.00
130,000.00
2,197,000.00
825,000.00
2,522,500.00
205,000.00
2,310,000.00
1,348,385.83
85,496,000.00
7,847,500.00
659,000.00
2,377,500.00
12,590,500.00
773,500.00
6,021,250.00
2,302,650.00
11, 382, 500. 00
425,000.00
10,871,000.00
1, 000, 000. 00
8,160,000.00
1,282,460.00
4,250,000.00
19,525,000.00
3,356,800.00
42,827,600.00
3,234,539. 00
13,803,500.00
400,000.00
9,315,000.00
495,000.00
902,875.00
11,033,800.00
3,612,000.00
123,500.00
6,007,500.00
672,550.00
205,000.00 ---------------1,398,000.00
611,365.00
$13,055,000.00
1,540,000.00
3,869,500.00
b0,971,125.00
4,893,500.00
7,042,326.00
137,300.00
1,100,000.00
2, 067, 000. 00
1,697,500.00
2,105,000.00
84,147,614.17
7,188,500.00
10,213,000.00
5, 247, 750. 00
9,079,850.00
10,446,000.00
7,160,000.00
2,967,540. 00
16,168,200.00
39, 593, 061. 00
13,403,500.00
8,470,000.00
10,130,925.00
3,438,500.00
5,334.950.00
205,000.00
786,635.00
$8, 100, 550. 00
1,209,000. 00
2,864,220. 00
37, 281, 667. 00
2,147,950. 00
5,677,881. 00
126,300. 00
835,300. 00
1,161,670. 00
911,600. 00
1,568,250. 00
30,498,116.67
2,946,305. 00
5,285,415. 00
3,375,552. 44
6,199,507. 50
6,702,473.75
3,683,485. 00
2,181,540. 00
8,585,690. 00
28, 085, 585. 00
5,085,435. 00
6,851,772.65
3,351,865. 00
963,070. 00
1,866,050. 00
90,000. 00
268,635. 00 .
<
REPORT OF RECONSTRUCTION FINANCE CORPORATION
35
· ABLE 4.-Numbe1· of authorizations and borrowe1s, to which authorizations were
• made; and amount of authorizations, withdrawals or cancelations, disbursements,
and amount outstanding, from Feb. 2, 1932, to June 30, 1939, inclusive, by
States !-Continued
SUBSCRIPTIONS
State
FOB PREFERRED STOCK OF BANKS AND TRUST OOMPANIEs-Continued
Num-Number ber
ofau- of
thor- bor•
fza- row-
Amount
authorized
Amount
withdrawn or
canceled
Amount
disbursed
Amount outstanding as of
June 30, 1939 a
tions ers
- -•
- - - - ------1-------------1-----Jersey____________ 281 247
Mexico___________
ork_____________
Carolina._______
Dakota_________
----------------ma_____________
---------------lvania__________
Island__________
Carolina._______
Dakota.__ ______
-------------
~ -
'!,!_!.,~~---------------------------------nt_______________
a_______________
gton___________
irgm1a__________
sin_____________
ing______________
.,amua- ---------------
erto Rico___________
:. f irgin
Islands _________
25
22
312
145
34
99
53
297
139
33
90
51
21
396
5
13
36
136
170
10
42
173
35
38
66
28
21
374
4
10
11
~
34
133
161
10
42
163
30
37
60
25
1
I
I
Total.___________ 4,393 4,144
: lnbscriptions for pre,. ferred stock of.
$97,072,750.00
1,077,500. 00
157,345,250.00
7,995,000. 00
$7,063,183.93
$86,794,566.07
$75.143,609. 00
362,500.00
715,000.00
551,750.00
7,968,895.84
147,816,854. 16
38,137,600.65
681,500.00
7,313,500. 00
4,881,995.00
2,440,500.00
40,000.00
2,400,500. 00
860,725.00
1,686,027.00
36,548,337.00
19,937,657.00
38,234,364.00
10,500,000.00
92.500.00
10,407,500.00
2,100,300.00
915,000.00
25,000.00
890,000.00
144,200.00
55,876,300.00
10,224,653.50
(5,626,646.50
35,403,398.34
1,100,000.00
201,500.00
898,500.00
678,250.00
1,645.000.00
90,000.00
1,555,000.00
1,239,000.00
2,973,000.00
25,000.00
2,948,000.00
1,542,375.00
13,921,550. 00
1,662,nOO. OO
12,259,050.00
10,105,800.00
26,610,500.00
3,140,125.00
23,470,375.00
12,118,775.00
1,590,000.00
265,000.00
1,325,000.00
826,811.43
7,770,000.00 ---------------7,770,000.00
6,908,550.00
12,768,000.00
2,088,350.00
10,679,650. 00
6,240,626.75
4,520,000.00
1,130,000.00
3,090.000.00
1,953,212.50
3,365,ooo.oo
119,9a3.34
3,245,066.66
1,289,451.so
16,757,500.00
1,445,400.00
15,312, 100.00
10,295,900.00
1,572,500.00
320,000.00
1,252,500.00
781,000.00
37,500.00 ---------------37,500.00 ----------------250.000.00
250,000
00
-----------------251, 000. 00
126, 000. 00
125,000.00 ----------------120, 250. 00
834,864,484.00
74,425,062.44
i54,939,921.56
409,166,129.18
Export-Import
: '
Bank of Wash-
-
. gto •
: .,, . m
n ----------
3
1
Second Export-ImPort Bank of
Washington, D.
C.•--------------- - - 1- - -1
Grand totaJ______ 4,397 4, 146
j
45,000, 000. 00 -------- ---- ----
2,500,000.00 ---------------882, 364, 484. 00
74, 425, 062. 44
45,000,000.00
45,000, 000.00
2,500,000.00 ----------------802,439,921.56
454,166,129.18
PURCHASES OF CAPITAL NOTES OR DEBENTURES OF BANKS AND TRUST COMPANIES
;
[Under the act approved Mar. 9, 1933, as amended]
I •
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ~- - -- . ---------------ta______________
1
1
9
are______________
ct of Columbia___
-------------------------------a________________
10
5
78
109
285
5
75
105
247
8--------------
102
12
55
100
12
54
185
135
180
25
49
176
135
160
25
48
---------------d_____________
n______________
ta_____________
ippi___ _________
--------------a______________
ka______________
ersey ____________
ork_____________
Dakota_________
------------------·------------Carolina________
Dakota_________
---------------------------------ont..______________
· bington___________
est Vfrginia__________
1
1
3
2
302
272
359
40
32
101
288
35
20
82
346
35
30
94
280
34
18
81
116
66
456
107
57
393
Rico___________
3
3
Tota) ____________ 3,136 2,906
)ISCC>nstn_____________
--
?ee
.
rootnotes at end of table, p. 37•
$840,000.00 ---------------5,000,000.00 ---------------2,515.000. 00
$2,085,000.00
1,800,000.00 -------------- - 3,350,000.00
237,000. 00
9,271,000.00
1,700,000.00
10,991,750.00
1,214,000.00
5,736,000.00
635,000.00
2,440,000.00
1,000,000.00
7,127,500.00
777,500.00
700,000.00 ---------------4,104,000. 00
303,000.00
6,380,500.00
560,000.00
13,346,500.00
2,442,500.00
592,000.00
10,000.00
699,100.00
49,000.00
1, 350, 000. 00
750, 000. 00
237,589,200.00
66,635,000.00
2,044,000.00
450,000.00
62,269,000.00
5,447,500.00
1,385,000.00
325,000.00
1,286,800.00
70,000.00
1,543,000.00
59,000.00
9,&~3.000.00
1,750,500.00
2,770,000.00
50,000.00
9,n25,ooo.oo ___________ ____ _
3,676,500.00
302,000.00
3,431,000.00
415,000.00
21,234,500.00
3,282,500.00
1,250,000.00 ---------------433,750,350.00 90,549,500.00
$840,000.00 ----------------5,000,000.00
$2,750,000.00
430.000.00
186,600.00
1,800,000.00
1,193,000.00
3,113,000.00
1,774,885.97
7,571,000.00
4,108,223.25
9,777,750.00
7,337,675.00
5,101,000.00
47,500.00
1,440,000.00
1,309,250.00
6,350,000.00
4,985,775.00
700,000.00 ----------------3,801,000.00
2,084,960.90
5,820,500.00
82,500.00
10,904,000.00
3,328,548.23
582,000.00
145,250.00
650,100.00
538,600.00
600,000.00
600,000.00
170,954,200.00
22,725,075.00
1,594,000.00
1,377,367.31
56,821,500.00
31,966,375.00
1,060,000.00
811,125.00
1,216,800.00
584,600.00
1,484,000.00
927,885.43
7,752,500.00
4,810,998.46
2,720,000.00
1,136,050.00
9,525,000.00
9,520,375. 00
3,324.500.00
634,025.00
3,016,000.00
2,137,285.00
17,952,000.00
12,449,709.17
1,250, 000.00
450.000.00
343,150,850.00
120,003,638.72
36
REPORT OF RECONSTRUCTION FINANCE CORPORATION
4.-Number of authorizations and borrowers, to which authorizations were'
made; and amount of authorizations, withdrawals or cancelations, · disbursements,
and amount ou.fstanding, from Feb. 2, 1932, to June 30, 1939, inclusive, by
States L-Continued
TABLE
TOTA.L, SEC.
State
36,
II, OP THE EMERGENCY F ARK MORTGAGE ACT 01' 1933,
[Loans to drainage, levee, irrigation, and similar districts, etc.]
TITLE
Nwnber
of authorizations
Nwnber
of
borrowers
Amount
authorized
Amount
withdrawn or
canceled
AS AKBNDED
Amount outstanding as of
lune 30, 1939 t
Amount
disbursed
--
.i
Arizona. __ ____ _________
$3. ·126, 445. 18
16
8 $13,884,453.77 $10,613.375.59
$3,047,544. ~
Arkansas ______________
14,822,245.51
11,393.246.7 ,
1,992,423.60
12,051,492.97
134
85
California.... _.. . ______
49,092,614.41
8,446,114.43
24,577,264.36
125
56
24, 273, 336.
Colorado .. __ ... __ . __ ..
2,719,098.0 .
32
5,
127,
341.
35
2,
250,
601.
01
2,798,173.08
57
Florida ________________
5, 453, 531. 44
34
468.736.66
4,675,475.62
59
4,514,013.~
Idaho ________ ._. _______
3,057,715.33
893,695.86
1,410,208.05
53
29
1, 302, 525. . 1
Illinois ________________
2,
272, 130. 8( ;
44
3,770,385.67
877,116.
73
2,
443,
561.
27
86
Iowa __ _________________
383,500.00
176,336.61
183,000.06
194.836.55
13
7
Kentucky ____ __ . ___ . __
67,025.6]
91,932.45
21,854.36
69,603.70
4
3
Louisiana ______________
767,996. ~
1,494,433.77
671,116.73
813,181.07
21
19
Minnesota. ______ ._ ... _
302,500.00
1
1
302,500.00
Mississippi. __ ._. ___ ___
5, 426, 235. 56
659,025.66 -----------------4,725,412.61 ----------------~
4, 235, 800. TZ;
117
71
Missouri. _______ .. _____
6,646,198.02
8,130.349.86
1,316,647.67
106
76
6,003,
248.
Montana ______ __ ______
982,413.
1,594,749.31
522,138.96
1,044,226.28
14
26
Nebraska. _____________
1,492,504.7'
126,043.14
1,551,671.36
12
9
1,690,830.20
Nevada ________________
503, 000. _·
534,576.06
4
969,433.00
434,856.94
6
New Mexico __ ______ ___
84,807.76
795,885.87
12
963,807.76
10
North Carolina ________
36,999.84
35,999.
1,000.16
1
1
38.000.00
Oregon . __ .. ___ . _______
2,828,422.18
2, 653, 126. :·
2,991,736.46
103,946.42
23
54
South Carolina ________
118,500.
124,928.37
305,160.00
153,571.63
7
6
South Dakota _________
130,500.
6,000. 00
150,100.00
156,100. 00
6
6
Tennessee _____________
85,299.
18,000.
00
91,799.49
110,300.00
7
5
Texas __________________
14,185.385.3 14, 799. 531. 40
127
16,466,824.64
936.319.52
58
U tab. _• ___ __ • _______ . _
315,499.96
637,500. 00
322,000.04
16
12
258,000.=
Virginia ____ ___________
129,000. ·
136,000.00
200.00
2
2
136.200.00
Washington _______ ____
1, 036, 500. 00;
257,122.80
1,166,872.90
17
1,425,495.70
30
Wisconsin _______ ______
1
22,000.00 ------------------ ----------------~
1
22. 000. 00
Wyoming _____ __ ___ __..
44, 500.~
.
46,400.00
3
2
68,900.00 ---------------Total _____ _______ 83, 109~ 419. 60l
31,684,215.73
87,154, 766.19
1,102 635 138,614,276.19
~
I
i
682,385.s
TOTAL, ACT APPROVED JUNE
10, 1933, AS AMENDED
[Loans on, and a subscription for, preferred stock of insurance companies]
Kansas u ______________
1
Maryland _____________
4
Michigan ______________
2
Minnesota _____________
1
Missouri.. _______ . ____ _
2
New Jersey ____________
1
New York _____________
1
North Carolina. __ . ____
1
Total ____________ - 13
.
1
3
1
1
1
1
1
1
10
$100.000.00
22,350,000.00 ---------------4, 125, 000. 00 ---------------100,000.00 -------------------250,000.00 -------------------------4,000.000.00
3, 500, 000. 00 ---------------50,000.00 -------------------------------
$100. 000. 00
22, 350, 000. 00
4, 125. 000 00
100,000. 00
250,000. 00
4, 000, 000. 00
3, 500. 000. 00
50,000.00
$100, 000. OOi
17,448,450. ~
3, 594, 461. ~
49,679.45!
225,488.4
3, 200, 000. 0
2,080,000.0
48,999.6
34,475,000.00
34,475,000.00
26, 747, 079. 2'
----------------
TOTAL, ACT APPROVED APR. 13, 1934, AS AMENDED
4
[Loans to finance the repair of damage by earthquake, flood, or other catastrophe in 1933, 1934, 1935, and 1930l
.,
California ______________
4
Connecticut. __________
52
Florida ________________
1
Georgia ________________
157
Maine _________________
20
Maryland __ ___________
9
Massachusetts. ___ . __ ..
123
Mississippi. ____ .. _____
86
Montana .. _.. ____ _____
1
New Hampshire _______
11
New Jersey ______ ______
1
New York. ____________
24
North Carolina ________
1
Ohio ____ ___ ____________
2
Pennsylvania. __ .. _. __ .
207
Texas __________________
2
West Virginia. ________
4
Total ____ ________ - 705
1
51
1
144
20
9
120
81
1
11
1
21
1
2
199
1
3
667
$2,150,000.00
142,945.00
50,000.00
1, 335, 500. 00
24,250.00
24,600.00
325,159.00
216,250.00
150. 000. 00
42,950.00
500.00
53, 6\J7. 00
10,500.00
4,900.00
1,035.387. 75
140,000.00
27,650.00
5, 734, 288. 75
$897,170.00
51,770.00
38,459. 00
343,694.65
15,800.00
13,000. 00
258,335.00
40,379.02
33,365. 00
19,478.86
500.00
17,625.00
10,500.00
---------------391,565.00
$1,252,830.00
91,175.00
11,541.00
989,805.35
8,450.00
11,600.00
66,824.00
175,870.98
116,635.00
23,471.14
-----------------36,072.00
-----------------4,900.00
120,000.00
6,700.00
643,822.75
20,000.00
20, 950.00
2, 258, 341. 53
3,473,947.22
---------------$52,619.~"'
4,290.6
830, 867. 6i ►
3,251.5 t
7,639. l t
21,866.9
123,937.5
44, 322. 7._~
13,459.6 ,l
28,676.2
2,510.:
448,455.
1,984.d
1, 589, 881. I
See footnote, at end of table, p. 37.
I
•
37
REPORT OF RECONSTRUCTION FINANCE CORPORATION
LE
4.-Number of authorizations and borrowers, to which authorizations were
!·- made; and amount o.f authorizations, withdrawals nr cancelations, disbursements,
and amount outstanding, from Feb. 2, 1932, to June 30, 1939, inclusive, by
Btatea 1-Contin ued
TOTAL, SEC. 14 OJ!' THE ACT APPROVED JUNE 19, 1934, AS AMENDED II
[Loans to borrowers engaged in the mining, milling or smelting of ores]
Num- Number her
ofau- of
thor- boriza- rowtions ers
State
---------------o_______________
--------------
--37 -
------------------------------------------------------------------------------------exfco
___________
---------------arolina _________
47
10
2
2
1
2
IO
11
30
38
10
2
2
1
2
9
11
3
3
5
4
1
1
ota _________
1
1
3
3
2
2
--------------1
-------------- 13 101
---------------otal
____________ - - - 151
130
Amount
authorized
$1,720,500.00
3,728,500.00
735,000.00
24,000.00
240,000.00
120,000. 00
280.000.00
985. 000.00
3,365,000. 00
41,000.00
428,500.00
20,000. 00
20,000. 00
60,000.00
22,000.00
20,000, 00
2,125,000 00
13,934,500.00
Amount
withdrawn or
canceled
Amount
disbursed
Amount outstanding as of
June 30, 19391.2
$335,500.00
1,317,000. 00
60,305.79
9,688.93
$1,253,000. 00
1,067,500.00
672.000.00
10,000. 00
240,000.00
$445,500. 00
1,991,000. 00
63, 000. 00
14,000.00
3,155,000.00
20.000.00
413,500. 00
20,000. 00
20,000.00
40,000.00
8,000. 00
15,000. 00
135,000. 00
7,421,000. 00
210. 000.00
21,000.00
15,000.00
24,617.73
15,000.00
14,000. 00
5,000.00
920,000.00
4,486,700. 00
14,000.00
5,000.00
520,000.00
2,659,312.45
----------------42,200. 00 ----------------42,200. 00
--------------------------------252,000. 00
728,000.00
298,000.00
------------ ·. 100,000.00
---------------------------------- -------------- ------------------- --------------- 18,000.00
18,000.00
TOTAL, SEC. 16 01' THE ACT APPROVED JUNE 19, 1934, AS AMENDED
[Loan to a public-school authority for payment of teachers' salaries due prior to June 1, 1934 J
l
1
$22, 500, 000. 00
Total _____ ____ ___ ---•----1
1
22, 500, 000. 00
$200,000.00
$22, 300,000.00 ----- -- -- ---- ----
200,000.00
22,300,000.00 -- - ----- --- ---- --
1935
:.ip.1U81JB to or for the benefit of tax-supported public-school districts or other similar public-school authorities
in charge of public schools]
TOTAL, A,CT APPROVED AUG . 24,
--------------
----------------- -
22
8
30
20
8
$1, 123, 800. 00
1, 012, 500. 00
$739,300.00
518,000.00
28
2, 136, 300.00
1,257,300.00
$150,000.00
$148,000.00
---------------- -- -- -------- ----- -150,000.00
148,000.00
• "Borrowers" include applicants to whom loans have bt>en authorized and institutions in connection
which purchasesohtock, capital notes, or debentures have been authorized. With respect to loans on
ed stock, the figures represent the number of institutions on whose preferred stock the Corporaauthorized loans.
~ Includes repayments unallocated, pending advices, as of June 30, 1939 •
. Includes 960 loans approved to 716 fruit growers located in certain areas in Washington.
These authorizatiQns are not included in the State totals shown above, because the operations of the
wers ordinarily are not confined to any one State.
IDcludm 12 authorizations in connection with refinancing of loans previously made by the Corporato Federal land banks.
Includes $193,618,000 representing refinancing of loans previously made by the Corporation to Federal
d banks for different individual amounts, but in the same aggregate amount.
I In addition, upon certification by the Federal Emergency Relief Administrator, under the Federal
ency Relief Act of 1933, the Corporation disbursed $499,650,000 for relief, as shown on p. 39 of this
le. The Corporation also disbursed $349,011 .22 for expenses necessary to carry out the provisions of the
e act, making a total of $499,999,011.22 disbursed.
1 Of the $299,984,999 disbursed for relief and work relief as shown on p. 31 of this table, $17,159,232.30
. repaid to the Corporation by States and political subdivisions. In addition, pursuant to the provisions
i
e act approved Feb. 24, 1938, the Corporation's notes were canceled in the amount of $282,825,766.70.
valent to the balance of the amounts disbursed for relief and work relief under title I of the Emergency
f and Construction Act of 1932, as amended.
4
~Revised.
• During the second quarter, a loan was authorized on the assets of a closed bank in Arkansas, under
• fJ8 of-the Reconstruction Finance Corporation Act, as amended. Prior to the second quarter, loans
been authorized to the same bank under sec. 5 of the Reconstruction Finance Corporation Act, as
nded. In the above table, this bank has been transferred from the number of borrowers under sec. 5
the number of borrowers under sec. 5e.
· u Duplications in the number of borrowers arise in cases where the Corporation makes authorizations
a bank or trust company under more than one of the classifications under sec. 304 of the act approved
• 9, 1933, as amended.
11 Subscription for preferred stock of an insurance company.
11 Classified by States according to the location of the property of the borrowers.
38
REPORT OF RECONSTRUCTION FINANCE CORPORATION
!.-Participations by banks, etc., in loans to business ente,-prises authorized by the Reconstruction Finance Corporation, from June 19, 1939,
to June 30, 1939, inclusive, by States
TABLE 4-ADDENDUM
[Under sec. 5d of the Reconstruction Finance Corporation Act, as amended]
Amount authorized to be taken by banks, etc.
State
1
Sales of participations by Reoonstruction Finance
Corporation to
banks, etc 2
Alabama _____ ___ _____ __ ____ ____
$32,650.00
Arizona ___ ___ _______ __ ___ ______
---- -Arkansas _____ _______ __ ___ ______ -----------59,330.00
California ______________ __ ____ __
113,150.00
Colorado . ___________ ____ ___ __ __
31,478.00
Connecticut_ _______ ____ _______ _
190,250.00
District of Columbia _______ ____
--- Florida _______ ___ ___ ___ ___ ____ _ -------------220,800.00
Georgia ___________ _________ ___ _
607,848.01
Idaho ______ ______ __________ ____
1,800.00
Illinois ____ - . - _- - - - - ___ - _- ___ ___
157,666.67
Indiana _____ - ___ - ______________
152,500.00
Iowa ____________ ___________ ____
20,250. 00
Kansas _______ ___ _____ _________ _
40,550.00
Ken~1!cky ______ ___ _______ ___ __ _
37,825.00
Loms1ana __ ____. ____ ____ . _. __. _
8,000. 00
Maine __ _________________ __ ____
3, 000.00
Maryland _____ _- - __ --- - ------~27,900. 00
Massachusetts __.. _ ------ - ----162, 590. 00
Michigan __ ~ _. _. __ . ___ .. ____ . _
1, 547, 625.00
Minnesota ___ _____________ _____
97,091.67
Mississippi__ .. _.. __._ . _. ___ . ___
9, 350.00
Missouri ___ ____ _-- - ___ _____ ____
14, 950.00
Montana __ ____ ____ ___ ______ __ __
:{9, 903.34
Nebraska ________ _____ ____ ___ __
23,841.56
New Hampshire ___ _____ ______ _
88, 500.00
New Jersey __ ____ .. _______ _____
56,416.67
New Mexico ______ . ___________ _
----- ---- -New York _____________________ -- ----- 388,425.00
North Carolina ___ ___ __________
40,250.00
North Dakota ___ ___ ___ ____ __. _
1,300. 00
Ohio ___________ ______ ______ ____
271,175.00
Oklahoma . ____ _____ . __ ._ . ... _.
3,000.00
Oregon __________ - . ______. ___ ___
741,688.88
Pennsylvania_. ___ ___________ __
3,736,200.00
Rhode Island __ ___ . ____ . _______
14,000.00
South Carolina ___ ___ ______ ___ __
----South Dakota ______ __________ . _ ------------5,333.33
Tennessee _______ _________ . __ ___
51,500.00
Texas __________ __________ ______
311,550.00
Utah ___________ ___ ___________ __
17,500.00
Vermont _________ ____ ______ ____
--- -Virginia ________ ________________ --- ---------13,500. 00
Washington _____ ___ ____ ____ ____
31,775.00
West Virginia __ ______ ______ ____
18,000.00
Wisconsin ____________ ___ . __ . ___
50,900. 00
Wyoming ________ _____________ .
Alaska _____________ ____________ -- -- ---------- ---Hawaii _____ _______ __ ___ ________ ---·----- --------Puerto Rico . __ . ___. __ .. ___ ___ ___ -----------------Total _____ _______ ________
---------------- -9,441,363.13
Loans by banks,
etc., in which
Reconstruction
Finance Corporation authorized
purchase or immediate participation •
$131,064.17
100,000. 00
35,200.00
124,250.00
94, 500.00
128,750. 00
-- ---- -----------51, 750.00
310,425.00
27,900.00
401,191.67
131, 900.00
73,250.00
97,666.67
306,750.00
20,500.00
61,500.00
1, 071, 160. 00
275,150.00
174,000.00
136, 720.00
27,500.00
80,566.67
19,057.50
33, 250.00
215,000. 00
446,180.00
134,937.30
368,450.00
821,000.00
240.00
559,047.45
---- ------------1,242,000.00
1,029,150.00
689,833.33
6.000. 00
16; 150.00
199,700.00
106,199.90
23,500.00
700.00
85,900.00
179,750.00
107,000.00
348,250.00
8,000.00
65,000.00
------- 112,500.00
--- -------10,678,489.66
Loans by banks,
etc., in wltich
Reconstruction
Finance Corporation authorized
purchase of de!erred participation a
$522,787.50
333,477.86
49,800.00
9,473,17500
94,166.67
148,455.00
27,375.00
273,020.00
2,376,933.34
16,174.00
133.335.00
498,200.00
37,125.00
221,332.93
268,062.50
12,450. 00
10,750.00
131,675.00
331,848. 34
1, 199,900.00
210,395.00
86,525.15
1, 303,550.00
108,050.00
177,056.66
------- 330,975.
----------00
20,750.00
1,660,525.00
347,130.00
2,550.00
1,788,319.90
157,650.00
75,625.00
861,310.80
7,750. 00
400, 375.00
19,600.00
826,007.18
572,316.66
88,750.00
33,300.00
644,537.50
1,934,050.00
336,414.28
747,450.00
35,000.00
1,400.00
200,000.00
-----------------29, 137, 406. 27
Total
$686, 501. 67
433,477.86
144,330.00
9,710,575.00
220,144.67
467, 455.00
27.375.00
545,570.00
3,295,206.35
45,874.00
692,193.34
782,600.00
130,625.00
359,549.60
612,637.50
40,950.00
76,250.00
1,230. 735.00
769,588.34
2,921.525.00
444,206.67
123,375.15
1, 399,066.67
167,010.84
234,148.22
303,500.00
833,571.67
155,687.30
2,417,400.00
1,208,380.00
4,090.00
2,618,542.35
160,650.00
2,059,313.88
5,626,660.80
711,583.33
406,375.00
41,083.33
1,077,207.18
990,066.56
129,750.00
34,000.00
743,937.50
2,145,575.00
461,414.28
1,146,600.00
43,000. 00
66,400.00
200,000.00
112,500.00
' 49, 257, 259. 06
- ------------ ------- ------------------ "
1
According to location of borrower.
s These amounts are included throughout this report in loans authorized by Reconstruction Finance Cor- -,
poration under sec. 5d, as amended, inasmuch as in each case the entire amount of the loan is authorized ·
and disbursed by Reconstruction Finance Corporation. Sale of participation takes place usually at time ·;
of disbursement.
-l
a These amounts are in addition to participations authorized by Reconstruction Finance Corporation ·
under sec. 5d, as amended, as shown throughout this report.
".
4 In addition, banks, etc., were to participate in the amount of $23,621,833.33 in commitments outstanding-~
at the close of June 30, 1939.
']
~
(~
i
lo
l
REPORT OF RECONSTRUCTION FINANCE CORPORATION
39
~
i" TABLE 4-ADDENDUM IL-Amount of disbursements for relief upon certification of
1
·,,
grants by the Federal Emergency Relief Administrator, under the Federal Emergency
Relief Act of 1933. from May 12, 1933, to June 30, 1939, inclusive, by States
(
[Not included in the foregoing tabJe 4]
,·
Amount
disbursed
State:
Alabama __________________________ _ $8,994,391
Arizona ___________________________ _
2,834,146
Arkansas __________________________ _ 7,410,249
California _________________________ - 15,823,535
Colorado __________________________ _ 3,925,050
Connecticut _______________________ _ 4,594,154
Delaware __________________________ _ 1,010,708
District of Columbia ______________ _ 1,056,174
Florida ____________________________ _ 13,347,232
j
Georgia ________ ___________________ _
Idaho _____________________________ _
IDinois ____________________________ _
Indiana ______________ _____________ _
Iowa ______________________________ _
Kansas __________________ __________ _
Ken~~cky ______________ ___________ _
LoU1S1ana ______ ________________ ___ _
Maine __________ ___________________ _
Maryland ____ ___ __________________ _
Massachusetts ___________ __________ _
Michigan __________________________ _
Minnesota _______________________ __
....
M !851SSl~pL _____ - - - -- - - -- -- -- - - - - --
MlSSOllrl-__________________________
---- ------ - - -- -- -- - - -- - - --_
Montana
Nebraska __________________________ _
Nevada ___________________________ _
New Hampshire ___________________ _
I
I .
I •..
."
.......
...i
.,.
Jr
!
r-1/t
~
'
J
~
"'.
•
4(
--.
1
'
7,705,354
809,957
52,240,038
11,259,425
5,248,789
2,732,726
5,945,118
13,034,157
1,251,414
7,171,098
11,355,140
31,369,782
8,831,959
8,550,286
6,685,494
2,853,357
2,125,699
370,801
966,436
State:
NewJersey _________________________
New Mexico_______________________
New York __________________________
North Carolina_____________________
North Dakota______________________
Ohio _______________________________
Oklahoma__________________________
Oregon_____________________________
Pennsylvania______ ________________
Rhode Island_______________________
South Carolina_____________________
South Dakota_____ _________________
Tennessee__________________________
Texas ______________________ ________
Utah___________________ _________ ___
Vermont_____ ____ ________ ____ ______
Virginia______ ________________ ______
Washington____________________ ____
West Virginia ______________________
Wisconsin__________________________
Wyoming__________________________
Alaska_____________________________
Hawaii_____ __________________ ______
Puerto Rico________________________
Virgin Islands______________________
Total _____________________________
Amount
disbursed
$15,423,438
889,188
63,131,826
9,709,990
3,612,520
36,763,382
6,309,005
3,213,315
44,106,509
1,870,967
10,424, 200
7,035,597
6,369,196
13,249,874
1,723,352
481,544
5,594,074
5,627,175
11,090,599
9,619,053
190,383
349,629
1,110,561
1,970,201
281,753
499,650,000
~
TABLE
5.-Loan and other authorizations, by character of loans, etc. 1
~
0
[From Feb. 2, 1932, to June 30, 1939, inclusive]
Authorizations
Withdrawals or
cancelations
Disbursements
Repayments and
other reductions 2
Outstanding as of
June 30, 1939
~
tz:j
rod
0
BANKS AND TRUST COMP.A.NIES l
~
Loans to aid in the reorganization or liquidation of closed banks:
To receivers, liquidating agents and conservators _______________________________ $1,126,978,194.66
Through mortgage loan companies .. ____ ___ _____________ _____ ___________________
122,297,898.40
On assets of closed banks, under sec. 5e of the Reconstruction Finance Corporation Act, as amended- ______________________________________________________ _
89,781,430.98
Total, to aid in the reorganization or liquidation of closed banks ___________
Loans to open banks 3___________________________________________________ __________ 1,339,057,524. 04
Loans on preferred stock _______________________________ ____________________________ 1,334,673,936.15
23,189,755.00
Subscriptions for preferred stock ___________________________________________________
882,364,484.00
Purchases of capital notes or debentures _______________ . __________ . __________ . _____
433,750,350.00
Total, banks and trust companies a___________________________________ ___ ____ 4,013,036,049.19
BUILDING AND LOAN ASSOCIATIONS
Loans to receivers ____ . _______
• ____________________________________________________
Loans to others __________________________________________ __________________________
Total, building and loan associations _____________________ ____________________
INSURANCE COMPANIES
Loans-direct ____________________________________________________
__________________
Loans on preferred stock ___________________________________________________________
Subscription for preferred stock. ___________________________________________________
Total, insurance companies. _________________________________________________
MORTGAGE LOAN COMPANIES 4
Loans-direct ____________________________________________________
__________________
...........
·-- •
JI
-155,953,537.75
104,439,750.19
34, 375, 000. 00
100,000.00
138,914,750.19
Total, mortgage loan companies•- ___________________________________________
612,885,400.81
- , ,,
'
$838, 619, 791. 65
103,011,807.35
$807,848,059.54
84,717,385.39
$30, 771, 732. 11
18, 294, 421. 96
34, 135, 461. 93
45,423,922.58
42,129,230.94
3, 294, 691. 64
329,005,807.79
196,378,316.88
5,126,025.00
74,425,062.44
90,549,500.00
987,055, 521. 58
1,138,233,619. 27
18,06a, 1ao.oo
802, 439, 921. 56
343, 1,50, 850. 00
934,694,675.87
1,064,133,293.08
11,346,652.93
348,273,792.38
223. 147, 211. 28
52,360,845.71
74,100,326.19
6,717,077.07
454,166,129.18
120,003,638.72
695,484,712.11
3,288,943,642.41
2,581,595,625.54
707,348,016.87
0
1-zj
~
trj
0
0
z
U).
H
~
0
~
25,306,796.19
130,646,741.56
352,833,623.49
122,801,777.32
100, 000, 000. 00
25, 000, 000. 00
11,000,000.00
1,250,000.00
..... •
$276,580,329.63
18,290,016.23
1-3
Loans to The RFC Mortgage Co __________________________________________________
Loan t_o Federal National Mortgage Association. ____ -----------------------------Subs<'ription for stock of The RFC Mortgage Co_.--------------------------------Subscription for stock of the Federal National Mortgage Association _______________
Subscription for stock of other mortgage loan companies _______________________ • ___
..... - -
1-3
22,352,231.92
7,397,676.33
2,954,564.27
116,996,165.23
2, 337, 761. 57
114,285,215.84
616,802.70
2,710,949.39
0
29,749,908.25
119,950,729.50
116,622,977.41
3,327,752.09
1-zj
90,693,209.81
34,375,000.00
100,000.00
87,861,695.18
7,727,920.79
2, 831, 514. fl3
26,647,079.21
100,000.00
tz:j
13, 331,441. 86
------------------
----·-------------
---13, 331, 441. 86
102,957,629.99
-----------------~
---------------------------------------------------1, 250, 000. 00
104,207,629,g9
---------- -------- --
z
~
z
>
z
0
125,168,209.81
95,589,615.97
29,578,593.84
0
0
242,049,158.29
·115,058,389.06
65,830,168.04
25,000,000.00
11,000,000.00
195,006, 740. 75
82,964,708.93
38,834,237.65
47,042,417.54
32,093,680.13
26,995,930.39
25,000,000.00
11, 000, 000. 00
t-d
--------------------
--------------------------------------- -------------------- -----------------458,937,715.39
316,805,687.33
142,132,028.06
~
0
~
~
0
z
Loans to Federal land banks .. ••. -. ·---· --- -···· ••••••••••••••••••.••••.•.•.••••••.• I 399, 636, 000. 00
9,250,000.00
Loans to Federal intermediate credit banks ..... .••• ·-·······-······-··············
178,840,452.48
Loans to regional agricultural credit corporations ..•••••.....•.•••..••••.•••••••••.•
Loans to Commodity Credit Corporation __ .. _.•..••.••.••.•••.•.•••...•.•.••••••. 1,604,712,664.99
23,500,000. 00
Loans to Secretary of Agriculture to acquire cotton •••.••.•....••••••••••.•••.•....
29,035,359.13
··--··········································
banks.·····
land
Loans to joint-stock
6,120,867.59
Loans to a11:ricultural credit corporations ..••••••• ••• •.•.•••••.•......••••.•.•••.•..
14, 511, 327. 88
Loans to livestock credit corporations _..••••••.•.•••••••••.•••••.•••.•••.•.• -·-···
83,370,955.22
Loans for financing exports of agricultural surpluses••••••.•....••..••.••...•••..•..
8fi, 061, 513. 08
Loans for financing agricultural commoditie~ and livestock .•..•.....•.•.•.•••••.•. _
-
Total, agricultural financing institutions, etc.••••••...•.•........ _......•.•.. 2,435,039,140.37
RAILROADS
Loans to receivers and trustees ................•.••••. __ .•.•... __ ._ ......•..........
Loans to others _···-········-·····-··-···-··········· ··- · · -····-·-· -- ····-···· ·· · ·Total, railroads ........... ··-·- .... .....•.......•..•... _.. ·- ..... ··-.. · -__ -·-
836,996,702.78
20,200,000.00
6,525,423.92
477,249.37
1,539,729.19
33,146,368.56
66,367,021.30
387, 236, 000. 00
9,250,000.00
173,243,640.72
767,716,962.21
3,300,000.00
22,423,504.87
5,643,618.22
12,971,598.69
47,224,586.66
19. 644, 491. 78
983,248,306.88
1,448,654,403.15
12, 400, 000. 00
-----------------6, 596, 811. 76
I
6387,236,000.00 -·-· -- --·- ·- ---···
9,250,000.00 ··------ ----- · ---·
173,243,640.72
767,716,962.21 -----------------3, 300, 000. 00 -----------------19,186,660.09 ·----------------3,236,844.78
5,562,456.89
81,161.33
12,971,598.69
23,744,134.75 ·----------------23,480,451.91
18,880,737.80
763,753.98
1,421,092,191.15
27,562,212.00
MINING, MILLING, OR SMELTING OF ORES
Loans-total .................•. ·-·----···········-·········--··-·-·-·····--····--·-
t,:j
1-3
0
~
~
tz:j
844,791.00
105,548,764.89
46,479,890.95
603, 471, 570. 11
12,344,062.20
198,407,943.75
34, 135, 828. 75
405,063,626.36
0
0
763,734,216.95
106,393,555.89
649, 951, 461. 06
210,752,005.95
439,199,455.11
w
125, 227. 42
167,500.00
16,422,275.00
85, 820,122. 73
52,838.65
10,720,439.85
173, 706, 221. 71
114,661.35
5, 701, 835. 15
809,700. 00
90,025.00
719,675.00
524, 702. 42
96,683,426.23
180,242,393.21
7,421,000.00
4,486,700.00
G 351,
G 368,
13,934,500.00
--
56,626,929.01
117,079,292. 70
114,661.35 ----- ----- --- -- --4,755,809.75
946,025.40
378,592.04
341,082.96
1-------1-----118, 366, 401. 06
61,875,992.15
1,827,387.55
2,659,312.45
z
1-3
~
0
1-3
1-1
0
z
~
1-1
z
>
z
0
ttj
sELF-LIQUIDATING PROIECTS, ETC.
Loans on self-liquidating projects under sec. 201 {a) of the Emergency Relief and
Construction Act of 1932, as amended __ . _.. ___ . _.. ___ . _. __ .... _... _.. --_-- . --. -Loans to public bodies for construction, etc., under sec. 5d of the Reconstruction
Finance Corporation Act, as amended .. ___ ._ .. __ -·-_ . . . _______ ... -·-· ..•.•.•... _
400,092,487.36
97,834,327.81
9,502,200.00
Total, self-liquidating projects, etc. __ .... _.. _........ ___ .......... _-__ . __ .. __
497,926,815.17
41,343,443.14
31,841,243.14
0
0
281,995,456.61
39,267,184.67
34,369,253.73
22,439,553.73
11,929,700.00
0
355,631,895.01
304,435,010.34
51,196,884.67
>
1-3
321,262,641.28
~
t-'d
~
1-1
DRAINAGE, LEVE_E, IRRIGATION, AND SIMILAR DISTRICTS
Loans-total ........... ----·-- -· -- --·---- -- ---···---·
t-d
0
48, 428, 881. 95
715,305,335.00
BUSINESS ENTERPRISES
Loans to business enterprises:
Direct (including participations) .........•.. _.... __ .. ___ . ___ . ____ .. _._._ ..•... _
. · --- ----- --- --·------ -· ··········-···-·-------· -· ·-·-······-·· Through banks
Througb mortgage loan companies _____ _.. _. __ ._ ..•.. _____ . __ __ _..... _._ ... _. __
FishinJ?' industry under sec. 5 of the Reconstruction Finance Corporation Act,
as amended_····-········---·-···--······-·-·-·-----· ---····--·----····-·-··Total, loans to business enterprises ...••.•.•.•...•.......... _._ ..... ___ ._ .... _
~
ttj
0
138,614,276.19
31,684,215.73
87,154,766.19
4,045,346.59
83,109,419.60
z
See footnotes at end of table.
~
>---'-
TABLE
~
5. -L oan and other authorizations, by character of loans, etc. 1-Continued
Authorizations
Withdrawals or
cancelations
Disbursements
tv
Repayments and
other reductions 2
Outstanding as of
June 30, 1939
~
t_:rj
~
REP.A.IR OF DA.MAGE BY EARTHQUAKE , FLOOD, ETC,
0
Loans to repair damage in 1933. __________ ____ _________ ____ ___ ____________ _______ ___
Loans to repair damage in 1933, 1934, 1935, 1936_________________ ___________ __ ______ _
$10, 450,232. 20
5, 734, 288.75
$1, 921,124. 10
2, 258, 341. 53
$8, 529, 108.10
3,473,947.22
$8, 332,703.84
1,884,065.31
$196, 404. 26
1, 589, 881. 91
H
Total, repair of damage by earthquake, flood, etc. __ _______________________ __
16,184, 520. 95
4,179, 465. 63
12,003,055. 32
10, 216,769. 15
1,786,286.17
0
642,967.80
26, 089.27
13, 087,715.88
2, 136, 300.00
22,500, 000.00
42,872. 01
11,371.21
23,084. 70
1,257, 300. 00
200, 000. 00
600, 095.79
14,718. 06
13, 064, 631. 18
150, 000.00
22,300,000.00
584,048.21
14,718.06
13, 064, 631. 18
2,000. 00
22,300,000.00
16,047. 58
299,984, 999. 00
146,500,000.00
7299,984,999.00
2,425. 46
OTHER
Loans to credit unions _______ ___ __ ___ _____ _____ ____________________________________
Loans to processors, or distributors subject to processing taxes ___ ____ ______ __ ______
Loans to State funds for securing repayment of deposits of public moneys __ _________
Loans to refinance public-school district obligations _____ ______________ ______ ___ ____
Loan for payment of teachers' salaries . .. ______ __ _. ________ ________________ __ ______ .
Amounts made available for relief and work relief, under the Emergency Relief and
Construction Act of 1932, as amended ___ ________ _______________ __ ____ ___ _____ _____
Loan to Rural Electrification Administration. _____________ ________ _____ ____ _____ __
Total, other __ ____ ____ _______ ___ ____ __________________________________ ________
15, 001.00
300,000, 000. 00
146,500, 000. 00 ----------------- 1, 549,628. 92
484, 893,072. 95
Grand total 1___ __ __ ____ __ __ _ _______ __ _ ______ _________________________ _______ 9,639, 640, 982.94
Excludes allocations to other governmental agencies; purchases of securities from
Public Wo\-ks Administration; and commitments outstanding.
t Excludes repayments unallocated., pending advices. as of June 30, 1939.
a Excludes loans through banks to oqsiness enterprises.
' Excludes loans through mortgage loan companies to aid closed banks, and to business
enterprises.
• Includes $193,618,000 representing refinancing of loans previously made by the Corporation to Federal land banks for different individual amounts, but in the same aggregate amount.
• Includes $9,441,363.13 representing sales of participations authorized to banks, etc.;
and $1,771,933.55 representing participations authorized, by the Corporation, in loans
sold. Does not include $39,815,895.93 representing loans by banks, etc., in which the
Corporation authorized purchases of, and agreements to purchase, participations.
1
2,115,276,734. 63
335,952,821.91
482, 614,444. 03
8 7, 213,
739, 415. 08
9
5, 460, 811, 431. 04
rzj
~
t_:rj
---------------- -----------------148,000.00-
0
0
-------- ----- ---- ---- ------------574.54
146,497,
Ul
146,661,622.12
1,752,927,984.04
$17,159,232.30 representing repayments and other reductions by States and
political subdivisions; and $282,825,766.70 representing cancelation of the Corporation's
notes, pursuant to the provisions of the act approved Feb. 24, 1938, equivalent to the
balance of the amounts disbursed .
s In addition, upon certification by the Federal Emergency Relief Administrator, under
the Federal Emergency Relief Act of 1933, the Corporation disbursed $499,650,000 for
relief. The Corporation also disbursed $349,011.22 for expenses necessary to carry out the
provisions of the above act, making a total of $499,999,011.22 disbursed.
9 Of this amount, $282,825,766.70 represents cancelation of the Corporation's notes,
pursuant to the provisions of the act approved Feb. 24, 1938, equivalent to the balance
of the amounts disbursed for relief and work relief under title I of the Emergency Relief
and Construction Act of 1932, as amended.
7 Includes
~
z
H
~
0
H
H
0
z
rzj
H
z
>
z
0
t_:rj
0
0
~
0
~
H
0
~
REPORT OF RECONSTRUCTION FINANCE CORPORATION
.l 'ABLE
·
43
6.-Total loan and other authorizations from Feb. 2, 1932, to June 30, 1.939,
inclusive, by months 1
GRAND TOTAL
:
,.-
Year and month
..'
Amount of repayments and other
reductions
Amount of
disbursements
Amount of
authorizations 1
Amount outstanding at end
of period
i:;
-
1932
ary ________________
~
Y--------------------•lllY----------------------:---at ___________________
: eptember _______________
=ber __________________
·
ember _______________
ber______________ __
$91,601,057.00
142,333.075.06
228, 771. 667. 33
199,450,025.39
388.254,246.63
170,934.728. 59
189. 068. 106 31
138,480. 782.93
162,373,944.36
96,598,980.32
128,332,558.65
$70,868,417.52
121,477,890.49
155. 543.323.23
158,983,559.12
298,276.816.59
171,149.931. 86
146,180.913. 71
72,120,713.91
137,623,749.68
61, 020, 558. 96
131,501,263.75
$18,845.00
8,873,883. 30
7,009,080. 50
16,440,727.23
48,684,900.92
34,615, 181. 07
35,232,968.30
44,903,158.06
47,565,316.28
27,180,977.04
29,423,415.68
$70,849,572.52
183,453,579.71
331,987,822.44
474,530,654.33
724,122,570.00
860,657.320. 79
971,605.266.20
998,822,822.05
1,088,881,255.45
1,122,720,837.37
1,224,798,685.44
Total ____ -----------
1,936,199,172.57
1,524,747,138.82
299,948,453.38
1,224, 798, 8t~5. 44
142,844,447.43
283,171,473.85
217, 732, 207. 45
162,526,631.98
141,928,875.46
15-1,047,880. 32
201,024,785.36
57,792,381. 18
44, Wl.443.05
517,388,597.97
347,536,421.56
475,432,646.36
117,995,293.92
199,499,330.83
179,533.134. i2
117, 500, 398. 87
195,305,854. 81
123,677,037.80
115,339,396.98
83, 128, .537. 43
39,271,494.74
48,646.412. 75
186,473,065.01
369,537,593.42
32,452,828.29
35, 9il, M3. 16
55,813.566. 83
40,213,996. 05
46,800,2()9.06
94,656, ()29. 32
112,949,299.42
73, 520,461.92
61, 734, 2!H. 55
69,684,650.98
51,202,045.08
67,574.183.47
1, 310, 341, 151. 07
1,473.868.878. 74
J, 597,588,446.63
1,674.874,849.45
1,823.880,495.20
1,852,901,503.68
1, 855, 291, 601. 24
1,864,899,676.75
1,842,436,919.94
1, 821, 398, 681. 71
l, 956, 669, 701. 64
2,258,633,111.59
2,746,217,791.97
1,776,407,551.28
742,573,125.13
2,258,633,111.59
343,781,484.63
138,223,573.21
174,702,436.92
137,503,338. 54
100,482,025.14
205,212,280.51
' 278, 190, 303. 16
115,003,399. 80
54,364,910. 22
60,087. 192.35
87,827,623.32
132,546,512.48
86,163,678.38
82. 739,872.01
91,311,849.17
91. 123,212.32
66.997,270. 39
67,831,380.42
' 443, 161, 666. 45
136,883,990. 63
71,019,841.07
79,142,232.20
73,407,395.85
114,654,725.17
2,516,250,917.84
2,571,734,619.04
2,655,125,206.79
2,701,505,333.01
2,734,990,087.76
2,872,370,987.85
2, 707,399.624.56
2,685,519,033.73
2,668,864. 102.88
2,649, 809,063.03
2,664,229,290.50
2,682,121,077.81
1,827,925.080.28
1,404,437,114.06
2,682,121, 077.81
49,275,454.45
54,737,368.83
39,624,905.90
56,104,278.17
61,729,009.88
137,009,087. 21
124,588,307.71
51, 3-t7, 644. 38
42,029,803.99
28, 436, 221. 25
17,986,037.69
43,792,967.11
73, 431, 516. 58
60,582,383.40
54,747,687. 70
48,076,834.97
46,989,617.07
53, 863, 16.5. 23
60,091,046. 99
40,278,281.99
34, 940,786.92
47, 011, 116. 53
34,143,979. 73
106,845,402.79
2,657,965.015. 68
2, 652,120.001.11
2,636,997,219.31
2.645,024,662.51
2,659,764,055. 32
2,743,809,977.30
2,808,307,238.02
2,819,376,600.41
2,826,465,617.48
2,807,890,722. 20
2,791,732,780.16
2, 728, 680, 344. 48
707,561,086.57
661,001,819.90
2,728,680,344.48
24,616,712.69
14, 550, 320. 97
118,649,972.55
36, 161, 714. 96
86,766,870.91
27,873,909.23
170,693, 029. 28
43, 475, 154. 54
7, 660, 361. 24
27, 00.5, 119. 77
11,966,136. 28
8,843, 948.97
62,162,133.42
16, 99(', 711. 44
19,472,138.21
28,601,474.57
25,788,347.90
23,103,343. 50
42,200,622.53
27, 119, 391. 90
18,627,653. 01
28,403,788.54
10,835,460.87
25, 067, 831. 62
49,420, 650.65
52,691,446.~5
75, 355,568.31
46, 190, 361. 91
150, 760,907.52
112,566,613. 95
a 238, 71 i, 224. 01
37,692,959.78
26, 885,137.49
34,990, 512.10
33, 898, 211. 49
63, 318, 770. 11
2,741,421,827.25
2, 705, 721, 091. 8,l
2,649,837.661. 74
2,632,248,774.40
2,507, 276,214.78
2,417,812,944.33
2, 221,296, 342.85
2,210, 722,774.97
2,202,465, 290. 40
2,195,878,566.93
2,172,815, 81(3. 31
2,134,564,8n.82
57R, 263,251.39
328, 372,897. 51
• 922, 488, 364. 17
2,134, 56~.877.82
_____________ ______
rnch_____________________
llll9--------------·------
fiuiuary __ __1933
______ ____ ____
=-ruary
________________
.
ch ___________________
.r Y-------------------·e _______________
______
------------- ------. Y------------------- A,ugust
_________ ___ __ _____
'8Jjtember _______________
:october ,________________ _
1'ovember _____________ ..
:l)ecember ____ ___________ _
Total ______________
-
1934
January__________________
f:bruary _________ ---- .. -, arch ________________ __
,April. _________ . ____ , _____
e________ _____________
&,Y---------------------
• 406, 211, 217. 84
132,453.627.03
196,750,948.78
101,690.047.09
105,719,957.01
4 261, 134, 292. 91
72,792,004.65
188,298,608.36•
288,771,955. 19
192,322,799.21
53,612,012.41
116, 472, 752. 03
-
,
Y---------------------iu~t
___________________
leptember _______________
October __________________
lfovember __________ ____ _
':December________________
,
Total ______________ s 2, 116, 230, 222. 51
.
1935
~ _bruary
U&l'Y-----------------___________ ----- •arch ________ . __________
'l:rfl•Y----·----------------____________________
Il_..
e _____________________
ltl)y _____________________
,
ber:::::::::::::::
bor __________________
ember _______ ________
mber_________ _______
:,:
Total ______________
·..
1936
~uary_________________ _
;/ Jbmary ______________ __
1&reh . _____ ___ ___ _______
~
~
t,
~rfl ______ __ ______ .-----
e ___ __________________
.. Y--------------------Y---------------------·
~
t ___________________
tember ______ _________
ber______________ ____
nomber _______________
;,. l!!Cember______________ __
~
.,
1·
Total._. __ . _______
32,097,248.47
19,850,030.26
37,057,127.58
58,444,786. 45
32,373,109. 22
138,554,994.07
28,253,080. 00
26,263,593.76
130,225,477.53
30,382,759.40
121,318,317.28
39,883,602.95
694, 704,126.97
.•
-
.i: See footnotes at end of table.
:l
-
·- - -
44
'
REPORT OF RECONSTRUCTION FINANCE CORPORATION
TABLE
6.-Total loan and other authorizations .from Feb. 2, 1932, to June 30, 1939
'
inclusive, by months L-Continued
GRAND TOT AL-Continued
Year and month
Amount of
authorizations 2
1937
January __ _____ ___ __ __ ___ _
Fehruary _____ ___ ___ ___ _
March _____ ____ _______ __ _
A priL ______ ____ _____ _____
$14,393,IOS.36
3 8, 567, 248. 17
12,~20,949. 53
1 93,530,795.69
38,981,845.90
61,024, 387.84
93, 1130, 910. 54
159,763, 706.2~
39, 855,440. 09
5,50~, 764. 78
7. 710. 017.35
82,756,434.30
May _________ _______ ___ __
June
______ ~------ -------July __________________
___ _
August_ ____ ____ _________ _
Sep tern ber _____ __ __ _____ _
October __ ______ _____ ____ _
November ______ __ ___ ___ _
Decern ber _______________ _
Total______________
1938
January ___ __ ____________ _
Fr.bruary ________ _______ _
March _____ _____________ ..
April_ ______________ _____ _
May ___ _________________ _
June _____ ______ ____ ____ _
July ___ __ ___ _____ _______ __
August ___ ______ ___ __ __ ___
September ________ _____ __
October _.. __________ _____ _
November ____ _____ ____ __
December __________ ____ . _
Total _____________ _
1939
January _________ ________ _
February _______________ _
March __________________ _
Total, first quarter_
April ____________________ _
May ____________________
____________________ __
June
Total, second quarter________________
Amount of
disbursements
$48,158,198.30
15, 705, 071. 11
16,394,887.98
26,075,199. 15
11,364,373.76
28,474,505.42
38, 372, 893. 07
13,838,981.64
24,161,285.17
24,353,488.24
33,279,122.08
67,318,572.20
II
Amount of repayments and other
reductions
3$35,494,300.73
3 37, 365, 969. 6~
88,234,905.02
42,318,804.87
26,245,972.64
23,621,504.72
3 24, 966, 450. 20
76,989,563.85
15,983,439.46
16,373,756.98
12,171,240.37
27,714,348.95
Amount out- '
standing at end
of period
I
$2,147,228,775.39
2, 125,567,876.82 ~
2, 053, 727, 859. 78 ,
2,037,484,254.06 !,.
2. 022. 602, 655. 18· J
2,027,455,655.88'R
2,040,862,098. 751,977, 711,516.54
I,985,889,3o2.25 Jr.
1,993,S69,093.51 a
2,014,976,975.22 '
2,054,581,198.47 '
-------1----------------1------618,035,608. 75
347,496,578.12
a 427,480, 257.4.7
3
2,054,581. 198.47
I=======
45, 443, 720. 93
331,527,873.65
3 24, 960, 61~. 35
3 100, 957, 050. 84
3 35, 059, 296. 43
3 36, 270, 446. 37
370,987,612.95
3 84, 803, 433. 62
374,173,356.04
3 66, 549, 838. 09
84,610,177.92
3 56, 107, 491. 66
32,605, .5.57. 77
36,258,563.47
25,482,818.71
29,318,105. 84
37,846,355.25
27,604,804.34
26,215,962.76
a 42, 630, 179. 43
28,409,639. 21
M,939,6n7. 17
24,118.989. 78
95,357,725.58
19, 692, 361. 16
33,752,556.10
6 293,425,202.65
11,291,449.52
146,426,778.17
3 21, 535, 923. 82
372,451,676.05
3 24, 956, 000. 03
10,602,980.92
28,857,811.82
9,161,452.14
3 36, 94-1, 822. 08
- -462,818,369.31
- - - - - --------1
------a 709,099,014. 46
711,450, 916. 85
=======I
I
1,808,300,553. ~
~
19, 046, 099. 69
a 62, 905, 581. 72
I 65, 577, 427. 71
19,380,475.19
18, 146, 751. 79
3 28, 562, 607. 94
147,529, 109. 12
3
3
3
,;
2, j67,494,395.08 ~
2,070,000,402.45 ,·,
1, 802, 058, 018. 51: '•
1,820,084,674.83 I~
1, 711, 504, 251. 91:J ~
1, 717, 573, 132. 43 "'
1,671,337,419.lf ~
1,689,011,598.M
1,706,818,256.83
1,734,900,112. 181 jJ
I, 749, 887, 6-19. 82
1,808,300,553.32
33, 4-12, 344. ~7
32, 311, 779. 55
25,256,658.89
91,010,782.81
l========I
Grand total________
9,639,640,982. 94
.
57, 271. 230. 78
1,770,409,797.73
I 23, 512, 482. 50 • 1, 765,044,067.~
3 23, 538, 360. 83
1,770,068,314.13
3
104,322,071. 11
1,770,068,314.13
,.
27,262,491.98
32, 801. 976. 16
112,256,410.13
78,481,789.61
27,592,998.14
8 83, 386, 420. 61
1, 718, 849, 016. S.'J
1,724,057,994.52;
1, 752,927,984. ~
172,320.878.27
s 189, 461, 208. 36
1,752,927,984.04,
7,213,739,415.08
685,460,811,431.04
1,752,927.984. 04'
66, 089, 834. 92
3
.
I
Excludes allorations to other governmental agencies; purchases of securities from Public Work~Administration; and commitments outstfl.ndinf!.
-I
~ These figures have been adjusted on account of rescissions.
:
3 Revised.
• Includes $193,618,000 representing refinancing of loans previously made by the Corporation to Federal
land banks for different incUvidual amounts, but in the same aggregate amount.
;
a Of this amount. $282,825,766.iO represents cancelation of the Corporation's notes, pursuant to the pr~
visions of the act approved Feb. 24, 1938, equivalent to the balance of the amounts disbursed for relief an\&
work relief under title I of the Emergency Relief and Construction Act of 1932, as amended.
,
6 Exclusive of repayments unallocated, pending advices, as of June 30, 1939.
1
1
l
1
I<
'
_
_
1ZMWTEft 7"0fflptfflW8'}'nJffl-'.l''ff. -~ -71Yt1Z, i~rJ"UV-Bu, 11J'Bl1, -fftc1,fi,,ioe;'" ,
_
bf1 States (includea loans to receiver,, liquidating agents and conservators, and loans through mortgage loan companies to aid in the reorganization or liquidation of closed banks, under aec. 6 of the Reconstruction Finance Corporation Act, as amended; and loans on the assets of
closed banks and trust companies under sec. 6e of the Reconstruction Finance Corporation Act, as amended)
BANKS AND T-RUST COMJ>ANIES
Amount
authorized
Amount withdrawn or
canceled
Alabama ____ • _______________
Arizona ___ ______ _____ _______
Arkansas ____________________
California _______________ ____
Colorado ____________________
Connecticut. ________________
District of Columbia ________
Florida ______________________
Georgia _____________________
Idaho _______________________
---------------14,127,392.96
1
---------------30,033,682.07
14,387,664.07
3,496,129.27
Includes District of Columbia banks and trust companies.
I
6,388,375.85
7,430. 700.00
1, 411. 000. 00
1,231,788.82
47,550,166.10
31. 858, 776. 50
10,269,024.00
25,468,148.32
66,798,294.77
3,130,100.00
4,618,559.94
9,643,227.37
674,000.00
2, 532,978. 69
2,198,439.01
500,000. 00
9,234, 000.00
413,473.54
17,564,943.48
8, 081, 751. 48
52,079.30
254,630,592.50
Amount
authorized
$6, 281, 112. 46
464,500.00
10,767,818.44
17,315,166.15
1,939,450.20
3,331,000.00
16, 664, 341. 35
6,823,372.27
5,222,995.48
3,628,400.00
67. 789,895.03
27, 619, 302. 72
18, 831. 702. 20
3,696,700. 00
10,188,361. 23
47,886,466.10
43,681,976.50
13,768,060.28
35. 718, 848.32
326,779,338.45
5,768, 847.13
7,520,959.94
17,614,727.37
1,139,200.00
4, 051, 105. 27
3,203,439.01
500,000.00
32,963,489.91
478,473. 54
61,833,536.83
15, 216, 651. 48
2,641,343.98
4,709,ll95.48
-- 16,
-----985,-------141. 76
39,200.00
37,088,505.29
5,315,707.89
1,669,516. 56
0,891,534.80
Amount
disbursed
-------~-------4,957,072.27
1,145,796.18
309,168. 55
3,264.193.27
28,393,413.27
16,499,278.27
9,056,438.94
1,630, 655.40
6,473,903.55
105, 000. 00
11,023,764.68
2,855,560.69
7,763,062.98
214,214,443.39
2,067,054.61
2,302,725.00
5, 654, 741. 32
337,500.00
1,141,623.58
745,800.00
M!SSlSSl.J;>PL
... -- ---- - . -- - -- M1ssour1
____________________
Montana __________________ ._
Nebraska __ _________________
Nevada _____________________
New Hampshire ____________
New Jersey_. _______________
New Mexico ________________
New York. _______ __________
North Carolina _____ ________
~_o!th Dakota ______________
Amount withdrawn or
canceled
$5, 107, 812. 46
247,500.00
8,982,618.44
3, 366, 681. 44
71,500.00
3,331,000.00
$790,897.80
149,400.00
1,428,948.71
11, 093, 801. 62
1,428,930.57
Illinois _______________________
_____ ~---- ------ ---Indiana
Iowa ________________________
Kansas ______________________
Ken~~cky ___________________
Loms1ana ___________________
Maine ______________________
Maryland ___________________
Massachusetts ______________
Michigan ___________________
Minnesota __________________
0------------------------'
Amount
authorized
Amount
disbursed
64,428,
~
~
Total
State, etc.
Nationa11
State
:
7
76,
2RQ_ OlR 2M_ fi7
Amount withdrawn or
canceled
$3,085,670.09
184,798.27
3,962,253.62
3,136,037.27
441,971.33
675,234.48
2,536,948.39
3, 744, 8:12. 30
2,270,868.42
364,206.73
20,176,515.11
7,282.628. 18
3,442,732. 02
1,194, 287.44
2,878, 546.39
11,301,456.94
4,174,051.16
2, 265, 761. 81
5, 084, 110. 54
67. 364, 721. 87
2,942, 159.72
1, 556,001.95
4,371,107.38
229,120.77
1, 192,447. 20
640,555.94
39,597.69
11, 884, 822. 74
60,796.50
13,479,881.93
6, 410,156.95
931,995.80
fi7. 92.Ci. l Hi. M
Amount
disbursed
$3,195,442.37
279,701.73
6,279,714.82
14,167,039.16
1,497,478.87
2,655,765.52
14,127,392.96
3,078,559.97
2,952,127. 06
3,264, 193.27
47,426,362. 71
20, 325,674.54
15,388,970.18
2,502,412. 56
7,309,814.84
36, 585. 009. 16
39,507,925.34
11, 438,298.47
30,634,737.78
255,712,688.62
2,826,687.41
5,964,957.99
13, 229, 021. 83
908,579.23
2,858,658. 07
2,291,808.25
460,402.31
21,054,567. 17
417, 677.04
47,425,752. 62
8,777, 494.53
1,709,348.18
186. 941. 806. 51
0
~
~
0
0
~
U2
1-,
~0
1-,
1-4
0
:z:
l'zj
1-4
~
>
~
0
trj
0
0
~0
~
1-,
1-4
0
~
,.;:.
C)l
, ...
7.-Loans to aid in the reorganization or liquidation of closed banks and trust companies from Feb. 2, 1932, to June 30, 1939, inclusive,
by States (includes loans to receivers, liquidating agents and conservators, and loans through mortgage loan companies to aid in the reorganization or liquidation of closed banks, under sec. 5 of the Reconstruction Finance Corporation Act, as amended; and loans on the assets
of closed banks and trust companies under sec. 5e of the Reconstruction Finance Corporation Act, as amended)-Continued
TABLE
~
~
~
BANKS AND TRUST COMPANIES-Continued
t"d
State, etc.
National
0
Total
~
H
State
Amount
authorized
Oklahoma. ________ _________ $2,261,303.15
Oregon ______________________
3,237,800.00
Pennsylvania __ _____________ 82,459,084.97
Rhode Island _____ __________
South Carolina ______________ ---------------6,651,680.14
South Dakota ____ ___________
1,295,184.30
Tennessee ____________ _______ 16,761,143.68
Texas _______ . _______________
5,966,434.14
Utah ________________________
39,500.00
Vermont ____________________
1~349,800.00
Virginia _____________________
2,199,700.00
Washington _________________ 11,705,369.82
West Virginia _______________
8,529,884.16
Wisconsin _____________ _____ _ 7, 101, 721. 08
Wyoming __________ _____ ____
Puerto RIGO----------- ___ ___ ------------------------------Total _________________ 667, 419, 961. 82
Amount withdrawn or
canceled
$992,548.39
455,667.84
22,263,444.60
Amount
disbursed
$1,268,754.76
2,782,132.16
59,751,140.37
------------------------631. 95
5, 171,
1,480,048.19 -----276,620.62
1,009,179.72
1, 011, 946. 55
4,500.00
284,800.71
412,334.96
1, 061, 411. 79
1,225,893. 37
1,646,766.26
1,018,563. 68
15,703,663. 96
4,954,487.59
35,000. 00
1,064,999.29
1,787,365.04
9,943,958.03
7,241,990.79
5,454,954.82
---------------- ------------------------------- ---------------132,671,775.74
532,171,644.08
Amount
authorized
$769,918.00
733,920.25
49,778,479.65
1,373,413.40
2,439,763.16
1,249,548.26
1, 492, 875. 64
6,933,607.27
4,648,776. 52
Amount withdrawn or
canceled
$438,320.34
235,022.55
24,338.633. 72
255,283.36
372,153.31
824,596.73
539,733. 70
803,137.19
2,391,822.86
-- ---- -----------------------5,320,500.00
911,883.25
11,389,516.19
4, 717, 256. 00
6,632,006.05
185,500.00
1. 485, 000. 00
------------ ----
671,637,562.22
196,334,032.05
1,685,778.05
2,048,867.28
4,618.539.98
185, 500.00
Amount
disbursed
Amount
authorized
Amount withdrawn or
canceled
$1,430,868.73
$3, 031, 221. 15
3,971,720.25
690,690.39
46,602,078.32
132,237,564.62
255,283.36
1,373,413.40
], 852,201.50
9,091,443.30
1, 101, 217. 35
2,544,732.56
1,548,913.42
18,254,019.32
1,815,083.74
12, 900, 041. 41
2,396,322.86
4,688,276.52
284,800.71
1,349,800.00
-------------·1,324,218.21
7,520,200.00
4,408,616.75
2,747,189.84
9,628,738.14
23,094,886.01
3,274,760.65
13,247,140.16
2,668,388.72
6,265,306.24
2,013,466.07
13,733,727.13
185,500.00
185,500.00
---------------1,485,000.00
-- --------------- -------------454,883,877.50 1,339,057,524.04 329,005,807.79
$331,597.66
498.897. 70
25,439,845.93
1. 118. 130. 04
2,067,609.85
424,951.53
953,141.94
6,130.470.08
1,996,953.66
-
Amount
disbursed
$1,600,352.42
3,281,029.86
85,190,986.30
1,118,130.04
7, 239, 241. 80
1,443,515.21
16,656.805.90
11,084,957.67
2,031,953. 66
1,064,999.29
6. 195, 981. 79
19,572,696.17
9,910,379.51
7,468,420.89
------------------------------987, 055, 521. 58
0
b:j
~
tzj
0
0
z
r:n
t-3
~
0
H
H
0
z
b:j
H
z
~
z
0
tzj
0
0
rJ0
~
t-3
H
0
~
47
REPORT OF RECONSTRUCTION FINANCE CORPORATION
8.-Loans on and purchases of preferred stock, and purchases of capital
notes or debentures, of banks a.nd trust companies, disbursed from Mar. 9, 1933,
to June 30, 1939, inclusive; and outstanding as of June 30, 1939 (under sec. 304,
title III, o_f the act approved Mar. 9, 1933, as amended)
ABLE
BANKS AND TRUST COMPANIES
TOTA.J.
Disbursed
State
Number
of banks
and trust
companies 1
Amount
Outstanding
Number
of banks
and trust
companies 1
Amount 1
ing __ ·---·······-------·---------·--·
121
403
41
60
132
94
91
403
23
------------------------------------Rico.-··-----····---··-------·-·----
3
$16,203,575.00
2,430,000.00
4,419,000.00
68, 502, 425. 00
4,893,500.00
7,192,126.00
567,300.00
2,900,000.00
2,201,200.00
4,835,500.00
2,130,000.00
91, 731, 114. 17
16,966,250.00
10,263,000.00
5,272,750.00
9,079,850.00
15,547,000.00
9,125,500.00
9,348,170.00
16,674,200.00
40,725,261.00
17,378,525.00
14,313,150.00
21,034,925.00
4,030,500.00
8,548,050.00
205,000.00
786,635.00
90,621,516.07
715,000.00
320,665,254.16
7,488,500.00
4,014,500.00
93,372,237.00
10,93i,OOO.OO
1,950,000.00
46,010,096.50
898,500.00
2,771,800.00
4,438,100.00
12,559,050.00
31,374,125.00
4,045,000.00
4 17,295.000. 00
10,694,650.00
6,414.500.00
6,461,066.66
33,347,100.00
1, 367, 500. 00
37,500.00
1,250,000.00
1
125,000.00
1
120,250.00
6,109
1, 116, 154, 501. 56
4,689
535,886,844.97
1
45,000,000.00
1
45,000,000.00
lngton, D. C •• ·--··-··--·-·-·--------
1
2, 500, 000. 00
Grand total--·-······-·······--·-··
6,111
1,163,654,501.56
naB---···-·····-··----------·--------_________ ._._. ________________ . ____ _
BS----··-········----·-------··-----·
rnia
do_._____
___ . ·····-··-------··----··-···-____ ._._. __ . ___ . ___ .. __ ...•.•
ticut.. ·-·-··----··----·---·---··-··are_. ___ .... -.-·-·--·-·-·---·-···--·t of Columbia..•...... _. __ ······---·
a·-·--·--·--······-·-··----··--··-·--·
8-·--··-·-·----··-·--···--········---
---------------------- ----------------------------------------------------------------------------------- ---------------------------------------------------------------------------ckY-···-····--·---········--····-····
a....... ·-················-··-·····
------------------------------------yland.....•.• ·-···-····-·····-·---···--
husetts-········----····----------··
bigan·-·-··-·-·-·-··--··········-·-··-nesota ____ •••••.• _._._._ ..... _•. _._ •. __
. ippL.·-···-·----···· ___ -·· __ -· -· ·- __
i-·--···-·--··-·········--·-··--··--
8------··-----------·--·----·-------
ka •....... ·-··-·-·--···----·-------da
__ .• _._ ..•••..•••..•
_- ·-·····-----------·-··--Hampshire
_. _____ . _______ _
Jersey ••• ·-·-·-··---···--··-----··--··
Mexico •.••••• -·-·---··----·-··-······
ork •.•••••••••••••••• ·-·-···-·----·-
Carolina..... _................... --.
Dakota-·-·-·-··--···-·---·····-·----
71
5
113
121
56
39
11
7
41
86
24
226
282
140
198
112
111
31
65
67
184
258
148
221
, 57
148
4
10
210
19
478
133
129
----------·-------------------------ma_··-·······--·-·····--·--··-----··
------------------------------------lvanfa. __ ·-·····-·--·--·--·--------·
388
C'arolina.. _........ -·-·-- --·· · ·-- -· ·Dakots--··-···-----·--·----····-·-·ssee._ .• _._._ .• _. ___ •... _..... _._ .. __ _
35
Island_.··-·····-·---···--····-·--·-
------------------------------------nt_··-·-···-·-·--·------------·-----ia __·······---··----·-·----··--------ngton---··--------------·--··-·-·---irginia. ________ ._. ___ •• _.•. -.-·-···in--------····---------·-··--------·
Islands--·-··---···----··-----·---··Total. ___ ._ .. _._. ____ ...... _____ . ___ _
bscriptions for preferred stork ofExport-Import Rank of Washington .. _
· Second Export-Import Bank of Wash•
46
53
286
4
119
1
46
1
87
69
42
37
10
7
36
66
20
161
227
110
156
94
81
28
60
43
149
180
135
182
36
107
3
6
182
16
322
98
108
288
31
31
246
4
30
94
110
297
32
45
108
55
70
324
16
$8,781,881.42
1, 209, 000. 00
3,178,323.31
40,041,558.69
2,147,950.00
5,686,215.67
312,900.00
2,028,300.00
1,180,291.46
2,686,485.97
1,568,250.00
34, 606, 339. 92
10,283,980.00
5,285,415.00
a,391,524.o1
6,199,507.50
6,749,973.75
5, 491, 451. 21
7,167,315.00
8, 763, 581. 30
28,393,750.43
7,303,565.90
6,943,877.45
6,680,413.23
1,108,320.00
2,883,707.00
90,000.00
268,635.00
78,023,797.56
551,750.00
62,002,536.77
4,896,634.40
2, 255, 092. 31
51,900,067.24
2,112,268.99
955,325.00
35,633,249.23
678,250.00
1,823,600.00
2,473,949.02
10,190,800.00
17,037,855.71
1,962,861.43
16,428,925.00
6,240,626.75
2,587,237.50
3,540,410.94
22,792,450.34
790,393.56
-----------450,000.00
2 ------------------
------------ -----------------4,690
580, 886, 844. 97
48
REPORT OF RECONSTRUCTION FINANCE CORPORATION
8.-Loans on and purchases of preferred stock, and purchases of capital
notes or debentures, of banks and trust companies, disbursed from Mar. ·9, 1933,
to June 30, 1939, inclusive; and outstanding as of June 30, 1939 (under sec. 304 .
title III, of the act approved Mar. 9, 1933, as amended)-Continued
TABLE
NATIONAL 3
Disbursed
State
Alabama _______ ___ ______ ________ ________ __ _
Arizona ____ ____ _____ _________ __________ ____
Arkansas _____ _________________________ _____
California __ _______ ____ ___ _________ ______ ___
Colorado ___ _____ ___ ___ ____ _________ ______ __
Connecticut ___ __ __ _____ ____ _____ __ __ ___ ____
Delaware ______ _________ ________ ________ ___
District of Columbia _____ ____ ___ ______ __ __ _
Florida _______ ____ __ _____ ______ __ ____ ____ ___
Georgia __________ ___ ____________ ____ __ _____
Idaho _______________ ____ ___ ____ ___ ____ _____
Illinois ______________
-________
___ _______
-------Indiana
_____ ___________
_______
___--___
Iowa ____________________ ___ __ __ ___ __ _______
Kansas ___________ _______ ______ __ ___ ________
Ken~qcky ______ ________ ______ __ ______ ____ __
Lows1ana __ _______ ______ ____________ _______
Maine ______ _________ ___ ____ ___ __ ____ ______
Maryland ___ ___ __ ____ __ _________ ___ ___ ____ _
Massachusetts ____ ___ ___ ____ __ ______ _______
Michigan __ ______ _____ ___ ___ ___ __ ___ _______
Minnesota ___ ___ __ __ ____ ___ ______ __________
Mississippi_ _______ _____ _______ _____ ________
Missouri ___ _____ __________ ____ ____ __ _______
Montana_____ __ ___ __ ___ _____ ___ ___ ____ _____
Nebraska ___ __ ___ ____ ___ _________ _____ _____
Nevada ___ _____ ____ __ ____ ____ ___ ___ ________
New Hampshire ___ ___ ___ ______ ___ _________
New Jersey ____ _____ ____ ______ ___ ____ ______
New Mexico. _____ __ __ ________ ___ ___ _. _____
New York __ ___ ______ __ _______ ___ ____ ______
North Carolina. ___ ___ ____ ___ __ __ ___ ___ __ __
North Dakota________ __ ___ ___ __ __ ____ __ ____
Ohio . __ ______ __ _______ __ __ __ __ __ ________ __ _
Oklahoma __ _____ ____ ____ ___ ___ _____ ______ __
Oregon ______ __ _______ __ _____ ____ ---- ---- ---Pennsylvania ______ ____ ___ ____ ___ __ ________
Rhode Island ___ _______ ____ ____ ____ ___ __ __ _
South Carolina______ _____ _____ ____________ _
South Dakota ___ __________ ____ ____ __ _____ __
Tennessee ________ __ _______ _____ ____ __ ____ __
Texas ______ __________ ___ _____ ___ ________ ___
Utah _________ _________ ___ ____ __ _____ ____ ___
Vermont __________ ____ ______ _______ _____ __ _
Virginia ____ ____ _____ _____ ___ __ ___ __ ______ __
Washington _____ ___ __ _______ __ __ ___ ____ __ __
West Virginia __ ________ _____ _______ ________
Wisconsin __ _____ ___________________ ____ ____
Wyoming __________________ ____ ____________
Number
of banks
and trust
companies 1
Amount
Virgin Islands __________ ___ ___ ____ __________
1
1
$11,346,800.00
1, 540,000.00
1,570,000.00
39,899,925. 00
4,143,500.00
3,723,426. 00
137,300.00
1, 100, 000. 00
1,330, 000. 00
1,722,500.00
1, 090, 000. 00
84,160,114.17
7,188, 500. 00
6, 462,500.00
2, 282,500.00
3, 397,350.00
4, 400,000. 00
2,610, 000.00
2,998,170. 00
10,723,200.00
20,470,760.00
13,577,525.00
2,652,650.00
8,737,125.00
1, 511, 000. 00
5, 834, 950.00
175,000.00
686,635. 00
31,372,435. 82
4_10,000.00
128, 171, 60,5. 83
1,905, 000. 00
2, 410,500.00
35,500,737.00
10, 874, 000. 00
890, 000. 00
20,693, 736. 50
648, 500. 00
1, 505,000.00
2, 954, 100. 00
8,062, 500. 00
23,621,625. 00
1,325, 000. 00
560, 000.00
3,917, 400. 00
3,090,000.00
3,445, 066.66
15,395,100.00
702, 500. 00
37,500.00
125,000.00
Total, nationaL ___ _____ ______________
2,045
543,088,736. 98
Alaska ____ _______ _______ ___ __ ___ ___________
See footnotes at end of table.
27
3
24
62
33
16
4
2
13
18
9
133
51
48
46
29
15
13
13
43
52
97
15
31
20
49
3
9
138
6
240
18
31
83
40
20
200
3
6
27
27
147
8
9
36
23
36
57
10
Outstanding
Number
of banks
and trust
compani~ 1
11
1
14
35
24
15
4
2
11
13
8
103
35
34
35
18
13
10
11
23
41
59
15
22
11
37
2
5
118
5
177
12
20
64
25
6
168
3
5
21
20
113
6
8
24
13
27
41
6
Amount•
$5, 296, 371. 88
1, 209, 000. 00
1,055,868.97
30, 803,933.69
1, 501, 100. 00
3,058,681.00
126,300.00
835,300.00
582,070.00
911,600.00
870,250.00
30,498,116.67
2,946,305.00
2,602,650.00
1, 388,700.00
1,774,750.00
3,423,500.00
765,335.00
2, 181, 540. 00
5,234,791.30
14,316,235.43
5,218,605.00
1,872,439.30
2,303,425.00
300,670.00
1, 866, 050. 00
70,000.00
168,635.00
25, 719, 310. 60
297,500.00
19, 661, 333. 44
539,000.00
867,725.00
18,889,692.24
2, 061, 7f\8. 99
144,200.00
13,215,258.67
435,750.00
1, 214, 000. 00
1,546,063.59
6, 078, 750. 00
12,226,857.25
826,811.43
405,000.00
1,255,550.00
1,953,212.50
1,403,125.94
10,342,741.17
239,650.00
---------------120,250.00
1 ------------1,495
242,625,774.06
49
REPORT OF RECONSTRUCTION FINANCE CORPORATION
8.~Loans on and purchases of preferred stock, and -purchases of capital
notes or debentures, of banks and trust companies, disbursed from Mar. 9, 1933,
to June 30, 1939, inclusive; and outstanding as of June 30, 1939 (under sec. 304,
title III, of the act approved Mar. 9, 1933, as amended)-Continued
TABLE
STATE,
ETC.I
Disbursed
State
Number
of banks
and trust
companies 1
Amount
55
346
13
3
$4,856,775.00
890,000.00
2,849,000.00
28, 602, 500. 00
750,000. 00
3, 468, 700. 00
430,000.00
1, 800, 000. 00
871,200.00
3, 113, 000. 00
1,040,000.00
7, 571, 000. 00
9,777,750.00
3, 800, 500. 00
2,990,250.00
b,682,500.00
11,147,000.00
6, 515, 500. 00
6,350,000.00
5,9bl,OOO.OO
20, 254, 501. 00
3, 801, 000. 00
11, 660, 500. 00
12, 297, 800. 00
2, 519, 500. 00
2, 713, 100 00
30,000.00
100,000.00
59,249,080.25
305,000.00
192,493,648.33
5,583,500.00
1,604,000. 00
57,871,500.00
60,000.00
1,060,000.00
25,316,360.00
250,000.00
1, 266, 800. 00
1, 484, 000. 00
4,496,550.00
7,752,500.00
2,720,000.00
' 16, 735, 000. 00
6,777,250.00
3,324,500.00
3,016,000.00
17,952,000.00
665,000.00
1, 250, 000. 00
Total _______________________________ _
·ptions for preferred stock ofExport-Import Bank of Washington __ _
Second
Bank of Wash- _
ington,Export-Import
D. c ________________________
4,064
Grand total, State, etc____________ _
44
-----------------------------------......,.ornia
....
sas_,
__________________________________
_
__________________ _______________ _
orado __________________________________ _
ecticut___ · ___________________________ _
ware _________________________________ _
rict of Columbia ______________________ _
a____________________________________ _
------------------------------------
ois-------------------------------------______________ _______ __ _____________ _
ana _______________ _______ ___ ___ __ __ ___ _
as ________ __ _______ _________ __________
-----------------------------------~--_
tucky _____ _______ __ __ __ __ __ ____ __ _____ _
iana _____ ________ ______ _____ _________ _
e __________________ __________________ _
land _________________________________ _
husetts ____________________________ _
blgan _________________________________ _
esota ________________________________ _
issippi
_________ -- -- ---- -- ---- -- --------_
uri __________________________________
ntana __________________________________ _
raska ____________________ _____________ _
ada ___________________________________ _
2
89
59
23
23
7
5
28
68
15
93
231
92
152
83
96
18
52
24
132
161
133
190
37
99
Hampshire __________________________ _
1
Jersey _______________________________ _
72
13
238
115
98
305
6
33
86
1
29
92
94
256
33
51
Mexico
________________________ ______ _
York ________________________________ _
h Carolina ___________________________ _
h Dakota_____________________________ _
homa_________________________________
0--------------------------------------_
gon ____________________________________ _
nsylvania _____________________________ _
elsland _____________________________ _
Carolina____________________________ _
Dakota_____________________________ _
essee_________________________________ _
----------------------------------------------------------------------------
ont
---------------------------------_
a___________________________________
hlngton _______________________________ _
t Virginia _____________________________ _
nsin __________· ______________________ _
ing _________________________________ _
_.ma..t.nRico_______________________________ _
l
Outstanding
Number
of banks
and trust
com•
panies 1
35
Amount 1
$3,485,509.54
------ -- ---2,122,454.34
73 -----------------34
18
22
6
5
25
53
12
58
192
76
121
76
68
18
49
20
108
121
120
160
25
70
1
1
64
11
145
86
88
224
6
9,237,625.00
646,850.00
2,627,534.67
186,600.00
1,193,000.00
598,221.46
1,774,885.97
698,000.00
4,108,223.25
7,337,675.00
2,682,765.00
2,002,824.01
4,424,757.50
3,326,473.75
4,726,116.21
4,985,775.00
3,528,790.00
14,077,515.00
2,084,960.90
5,071,438.15
4,376,988.23
807,650.00
1,017,657.00
20,000.00
100,000.00
52, 304, 486. 96
254,250.00
42,341,203.33
4,357,634.40
1,387,367.31
33,016,375.00
50,500.00
2
811,125.00
22,417,990.56
242, 500. 00
609,600.00
927,885.43
4,112,050.00
4,810,998.46
1,136,050.00
16,023,925.00
4,985,076.75
634,025.00
2,137,285.00
12,449,709. 17
550,743.56
450,000.00
sn,065, 764.58
3,194
293,261,070.91
1
45,000,000.00
1
45, 000, 000. 00
1
2,500,000.00
4,066
620,565,764.58
96
71
25
78
1
25
73
90
184
26
37
84
42
43
283
10
------------ -----------------3,195
338,261,070.91
.
Such duplications arise in cases where the Corporation makes dis•
msements to a bank or trust company under more than one of the classifications under sec. 304, title III,
fthe act approved Mar. 9, 1933, as amended.
1 Amount outstanding Includes repayments unaJlocated, pending advices, as of June 30, 1939.
1 Where changes in the status of banks have occurred between the date of authorization and June 30,
(for example, where a bank bas changed from State to national), such banks are distributed in the
:ve table according to their status on June 30, 1939.
'Revised.
1
After eliminating duplications.
50
REPORT OF RECONSTRUCTION FINANCE CORPORATION
9.-Loans authorized (and commitments outstanding as of June 30, 1939)
to business enterprises, from Feb. 2, 1932, to June 30, 1939, inclusive, by size
of loans
TABLE
[Includes loans and participations, and commitments outstanding, under sec. 5d of the Reconstruction
Finance Corporation Act, as amended; loans to borrowers engaged in tbP lishing industry under sec. 5
of the Reconstruction Finance Corporation Act, as amended; and loans to business enterprises through
banks and mortgage loan companies under sec. 5 of the Reconstruction Finance Corporation Act, as
amended]
Size of loans
$5,000
under __
------------------------------$5,001 and
to $10,000,
inclusive
________________________
$10,001 to $25,000, inclusive _______________________
$25,001 to $50,000, inclusive _______________________
$50,001 to $100,000, inclusive ____ __________________
$100,001 to $200,000, inclusive _____________________
$200,001 to $500,000, inclusive __________ __ __ __ _____
$500,001 to $1,000,000, inclusive ___________________
Over $1,000,000 ___________________________________
Total•------------------------------------t
Number
of loans
Percent of Amount authortotal
ized
3,023
l, 277
1,542
928
694
366
257
61
39
36.9
15.6
18.8
11.4
8. 5
4.5
3.1
.8
8,187
-----
Percent of
total
.4
$6,750,974.66
10,320,334.70
28,086,389.41
36,519,997.15
63,962,825.08
55,272,510.78
83,038,616.87
47,533,451. 79
130,685,768.65
28.9
100.00
452,170,869.09
100.0
1. 5
2. 3
6.2
8.1
11.9
12.2
18.4
10.5
The break-down by types of the above total amounts is as follows:
Number
of loans
Under sec. 5d of the Reconstruction Finance Corporation Act, as
amen<led:
Loans (and participations) ____________ ___ _______ _______ _________
Commitments outstanding as of June 30, 1939 ____________________
Under sec. 5 of the Reconstruction Finance Corporation Act, as
amended:
Loans to Fishing Industry _______________________________________
Loans
to business
enterprises through
banks and mortgage loan
companies
________________________
__ ___________________________
Total ________________________________________________ ________
Amount authorized
7,918
65
$351,125,227.42
83, 646, 166. 67
27
809,700.00
177
16, 589, 775. 00
8,187
452,170,869.09
REPORT OF RECONSTRUCTION FINANCE CORPORATION
51
10.-Number of business borrowers to which authorizations were made; and
amounts authorized, etc., from Feb. 2, 1932, to June 30, 1939, inclusive, by industries
TABLE
[Includes loans and participations, and commitments outstanding, under sec. 5d of the Reconstruction
Finance CorPoration Act, as amended; loan3 to borrowers engaged in the fishing industry under sec. 5 or
the Reconstruction Finance Corporation Act, as amended; and loans to business enterprises through
banks and mortgage loan companies under sec. 5 of the Reconstruction Finance Corporation Act, as
amended]
Industry
Amount a11thorNumber ized (including Amount withcommitments
drawn or
of borrowers 1 outstanding as of
canceled
June 30, 1939)
Manufacturing:
Food
and products
kindred ____________________
products:
Dsiry
Meat and poultry packing _________
Canning, preserving, processing:
Fish ___________________________
Fruit and vegetables. __________
Bread and bakeries ________________
Flour milling ______________________
Conf~ctionery______________________
Animal feeds. ______________________
Ice, cold storage, etc ________________
All other___________________________
118
$3,645,435.00
17,282,387.90
$888,097.83
1,977,442.59
$1,349,234. 72
1,985,583.65
53
171
4,829,650.00
9,808. 720. 16
1,463,876.58
2,037,310.00
2,369,000.00
1,857,783.33
1,100,308.33
6,110,462. 00
341,775.00
2, 414, 341. 45
596,307.51
1,303,197.66
543,228.57
603,300.00
540,166.64
1,552,845.01
1,364,468.00
4,258,393.09
582,525.88
890,545.71
1,201,300.00
1,012,712.33
299,308. 49
2, 229, 841. 21
880
50,504,933.30
10,760,702.26
15,173,913.08
68
19
48
39
113
31
82
65
24
70
14,318,538.92
790,900.00
11,914.885. 72
8,507,750.00
7,150,538.53
9,097,350.00
3,110.650.00
885,875.00
1,745.500.00
2,810,200.00
4,066,025.00
2,592,733.53
693,000.00
3,496,579.04
2, 005,492.50
2,043,229.38
2,849,500.00
1, 134,918.08
369,245.96
54,821.35
88,500.00
1, 118, 389. 06
Total, textile products ___________
571
64,398,213.17
16,446,408.90
37,336,401.93
Lumber
and____________________________
timber products:
Lumber
Furniture __________________________
Wooden containers_________________
Mi11work, sash, doors, etc. _________
Cooperage, and cooperage stock ____
Wooden turned products ___________
All other___________________________
191
149
48
174
19
29
35
20, 143. 891. 05
7,835,223.58
2,552,950.00
9,698,309.36
681,200.00
1,251,496.67
1,113,600.00
3,880,995.72
2,345,823.30
922,535.86
2,883, 071.49
383.062.50
586,020.00
573,707.49
10,809,760.14
4,647,053.06
1,458.694.47
4,942,841.23
275,200.00
629,913.94
284,817.01
645
43,276,670.66
11,575,216.36
23,048,279.85
36
46
29
505.599.98
33,737,750. 00
1,210,100.00
246,000.00
2,077. 471. 27
525,154.02
213.499. 98
10,518,537.21
348,284.80
111
35,453,449.98
2,848,625.29
11,080,321.99
162
32
60
J
2,614,410.00
1, 227, 800. 00
739,025.00
863,071.60
1,024,175.34
123,218.34
1,315,879.49
174,024.66
517,675.00
254
4,581,235.00
2,010,465. 28
2,007,579.15
37
27
13
85
1,574,750.00
1,492,645.45
194,433.32
3,512,307.84
315,328.99
201,558.77
70,100.00
891,964.73
923,571.01
1,243,586.68
124,976.46
2,190,050.51
162
6,774,136.61
1,478,952.49
4,482,184.66
26
2, 068, 950. 00
752,937.50
1,035,412.50
109
39
134
69
85
44
58
Total, food products _____________
Textiles
andgoods
their ..products:
Cotton
_______________ _____
Cotton small wares _________________
Woolen ,roods. _____________________
Silk and rayon goods _______________
Knit good~ hosiery ________________
~ein,t an finishing _______________
en's clothing and furnishings _____
Wome 's clothing and furnishings_
~holst.fory materia~ draperies _____
ttresses and bed ing ____________
All other ___________________________
Total,
lumber and timber prodnets____________________________
Paper and allied products:
Continers, (boxes, etc.) _____________
Pulp, paper milJs __________________
All other ___ ~----------------------Total, paper and allied products._
Printing and allied products:
Book and Job grinting _____________
Engraving,
lit ographing, etc ______
All other ___________________________
Total,
printing and allied products ____________________________
Chemical and allied products:
Paints,
varnishes, and allied prodnets. _____________________________
Fertilizers __________________________
Cleaning
and polishing materials. __
All
other ___________________________
Total,
ehemical and allied prod_____
ucts_______________________
Rubber products-total. _______________
-
Amount disbursed
See footnotes at end of table.
'
12
2
• 8,211,249.81
97,900.00
7,994,070.00
6,010,407.50
4,143,057.26
4,481,053.99
1,197,878.43
505,165.00
367,000.00
1,698. 700.00
2,629,919.94
52
REPORT OF RECONSTRUCTION FINANCE CORPORATION
10.-Number of business borrowers to whi'ch authorizations were made; and
amounts authorized, etc., from Feb. 2, 1932, to June 30, 1939, inclu8i11e, by industries-Continued
TABLE
Amount authorNumber ized (including Amount withof borcommitments
drawn or
rowers 1 outstanding as of
canceled
June 30, 1939)
Industry
Amount dis•
bursed
Manufacturing-Continued.
Leather and its manufactures:
Tanning and finishing ___ __________
Leather goods (luggage, handbags,
etc.)-- ---- ----------------------Boots and shoes____________________
All other___________________________
15
$1, 161, 000. 00
11
34
19
914,000.00
417,000.00
457,000.00
3,340,500.00
332,395.32
1,464,931.94
33,250.00
1,236,568.06
290,420.81
Total, leather manufactures______
79
5,747,895.32
2,085,181.94
$421,000.00
,-----2.404,988.87
1=======1======
Stone. clay, and glass products:
Stone, granite, slate, etc____________
Sand, gravel.______________________
Brick and tile, etc__________________
Concrete products_________________
Limestone products________________
Glass products_____________________
Pottery____________ _____ ___ ____ ____
All other_ ___ ______ _________________
64
27
89
23
22
22
22
37
Total, stone, clay, and glass
products_ ______________________
306
•
2,804,925.00
1,254,200.00
6,191,918. 51
932,156.67
2,657,750.00
2,010,450.00
1,808,100.00
2,370,225.00
827,234.50
295, 615. 96 .
2,332,-774.59
457,339.99
756,495.00
451,765.73
255,965.09
997,442.76
1,803,743.12
923,419.04
3,198,282.40
182,550.00
1,463,866.00
1,444,148.07
1,277,399.91
686,867.48
20,029,725.18
6,374,633.62
10,980.276.02
l=======l======I======
Iron, steel, and their products (excluding machinery):
Foundry products (castings, forgings, etc.)__ _____ ____ ___________ __
Structural and ornamental iron and
iteel -- ----- ------------- -------- Pipe and fittings______________ __ __ _
Stoves, range~, furnaces____ __ ______
Hardware, plumbing, and supplies
All other_________________ ___ _______
Total, iron and steel and products_
$170,000.00
73
9,718,600.00
1, 569, 087. 98
4,057,062.29
67
15
47
38
43
4,579,000.00
1,775,450.00
5,198,850.00
~. 887, 215. 00
4,974,364.34
2,242,228.34
691,406.68
2,016,274.71
807,347.03
1,365,236.00
1,543, 485.96
1,002,950.00
2,280,019.57
I, 719,664.71
3,411,247.34
283
29,133,479.34
8,691,580.74
14,014,429.87
55
2,458,200.00
981,079. 50
1,229,187.10
l====I:======
Nonferrous metals and their products:
Metal alloys and products (brass,
bronze, etc.) ______________________
Metal stampings, stamped and
enamelware____________ ____ __ ____
Electroplating, metal lamps and
fixtures, etc______________ _______ _
All other_______ _________ _________ __
46
3,335,450.00
1, 058,040.98
1, 934, 471. 52
19
48
226,675.00
2,911,700.00
101,912.50
1,027,472.32
83,800.00
1,396,200.00
Total, nonferrous metals and
their products__ _____________ ___
168
Machinery (excluding transportation
equipment):
Agricultural implements___________
Electrical machinery, apparatus,
and supplies ___________ __ ________
General machinery and equipment_
Machine tools____ ________ _____ _____
Pumps and pumping equipment___
Household appliances______________
Air-conditioning equipment________
All other_________ __________________
4,643,658.62
8,932,025.00
3,168,505.30
l====l========l=======I======
20
1,203,250.00
792,906.69
326,684.31
74
82
61
14
12
14
62
3,549,930.00
3,159,428.58
1,586,950.00
1,163,000.00
2,596,250.00
1,552,500.00
6,651,723.43
1,509,338.31
1,116,640.75
769,597.26
299,800.00
1,315,000.00
747,473.62
1,841,615.58
1,651,330.00
1, 586, 251. 72
758,101.07
796,387.14
1,266,250.00
646,276.38
3,488,674.28
Total, machinery____ ______ ______
339
21,463,032.01
8,392, 372.21
10,519,954. 90
Transportation equipment (automo•
bile accessories, etc.)-totat_ ______ ____
100
28,737,924.65
2,748,694.92
7,547,751.48
Wholesale and retail trade:
Wholesale trade:
Food products_____ _______ _________
Hardware, paints, etc____ ___ ___ ____
Oil and gas, auto accessories, etc____
Grain and feed, fuel, ice, etc________
Building materials _________________
All other_______________ ______ ______
121
36
76
2 43
44
73
8,602,230.00
909,086.82
1, 427, 941. 60
2 1, 072, 283. 29
1,377,375.00
1,555,350.00
1,006,407.67
197,008.22
550,507.50
288,163.59
537,020.63
595,508.90
1, 918, 781. 49
615,903.75
714,767.37
2 652, 143. 29
586,021.00
722,348.60
393
14,944,266.71
3,174,616.51
5, 209, 965. 50
Total, wholesale trade____________
ff-- ,
•
'.i
,,.
·- - ~
See footnotes at end of table.
.~
l====l:= ======l=======I======
REPORT OF RECONSTRUCTION FINANCE CORPORATION
53
)
10.-Number of business borrowers to wh1·ch authorizat-ions were made; and
: amounts authorized, etc., from Feb. 2, 1932, to June 30, 1939, inclusive, by in..
duatries--Continued
~TABLE
Industry
Amotint authorNumber ized (including Amount withcommitments
drawn or
of borcanceled
rowers• outstanding as of
June 30, 1939)
holesale and retail trade-Continued.
Retail
trade:
Food
products _____________________
Amount disbursed
.
56
194
106
72
56
73
166
$382,193.33
453,325.20
3,963,791.67
500,755.00
170,889.86
1,186,589.16
1, 538, 871. 67
1,028,830.00
727,793.74
833,480.00
1,933,075.69
$136,488.75
207,885.20
265,237.50
118,926.25
54,740.00
311,764.08
378,406.00
313,506.67
343,207.80
193,995.00
471,405.35
$169,091.23
202.300.00
3,062.000.00
285,631.26
80,821.50
585,140.65
941,410.00
408,300.00
187,100.00
237,000.00
734,136.99
1,023
12,719,595.32
2,795,562.60
6, 892, 931. 63
88
30
15,208,015.52
3.382,350.00
3,643,040.60
1,319,053.92
5,563,105.50
1,856,982.08
Total, mining ____________________
118
18,590,365.52
4,962,094.52
7,420,087.58
Laundries, dry cleaning-total. ________
154
2,151,775.24
394,690.22
1,273,255.27
Contracting, etc.-total. _________ _. ____
104
3,380,850.00
986,803.72
1,700,278.78
Tobacco manufacturing-total ____ __ . __
12
289,300.00
58,000.00
182,000.00
331,569.25
68,816.20
228,955.05
735, 293. 74
314,550.00
276,053.65
13
366,941.56
235,216.56
84,500.00
l, 207
77,559,241.53
6,358,799.09
12,699,212.83
6,994
452,170,869.09
96,683,426. 23
180,242,393.21
106
64
Hardware, paints, etc ______________
Department stores _________________
General stores______________________
Drug stores_. ______________________
Auto sales, service stations _________
Grain and feed, fuel, ice, etc ________
Building materials. ________________
Furniture __________________________
Apparel stores______________________
All other___________________________
36
94
Total, retail trade ________________
iscellaneous:
Mining: I
Coal _______________________________
All other___________________________
Fur D)anufacturing and processing-
total _________________________ __ ______
25
Grain elevators and storage-total. ___ __
21
Cotton
warehousing,
compressing,
etc.-totaJ
____________________________
All other_______________________________
Grand total __________________________
4
-
2
1 Number
of borrowers represents the number of applicants to whom loans have been authorized or
·tments made.
1 Revised.
1 Excludes mining loans authorized under sec. 14 of the act approved June 19, 1934, as amended.
4 Includes 716 fruit growers located in certain areas in Washington.
•
•
54
REPORT OF RECONSTRUCTION FINANCE CORPORATION
TABLE
PART
11
I-Loans on self-liquidating projects by types of project, from July 21, 19SB,
June 30, 1939, inclusive
1
[Under sec. 201 (a), title II, of the Emergency Relief and Construction Act of 1932, as amended]
BRIDGES
Number of Number of Amount a~tthorloans
ized
authorized borrowers
-
------
Amount withdrawn or cancelcd
-
--
Public ________ ______ _____
Private ________ ___ ____ .. __
11
9
5
5
Total .. __ _. ____ _._.
16
14
Amount disbursed
$99,049,579.80
1,729,930. 7~
-100,779,510.58
----
$3,267,000.00
-115,000.00
$95, 470, 976. :
1, 314. 930. '
3,682,000.00
96,785,907. ,
COLLEGE BUILDINGS
Public __________________
-I
91
$3. 031, 155. 71
I
$1,708,000. oo
I
$1, 323, 155.
DOCKS AND TERMINALS
Public __ ___ ________ ______
Private _____ . ____________
2
3
Total ______________
5
3
$325000.00
1, 793,691.47
$50,000.00
1,100,000.00
$275,000.
693,691.
5
2, 118,691.47
1,150,000.00
968,691.
2
-
-
DRAINAGE AND IRRIGATION
Public ___ _________ ______ _
Private--- ----~------ ---Total ________ ___ ___
14
3
3
$10,214,000.00
1,330,000.00
$2,308,400.00
455,000.00
$7,195,600.
875,000.
13
11,544,000.00
2,763,400.00
8. 070. 600.
10
--- -
17
HOUSING (LOW-COST)
Private _________ __ ____ -- - 1
31
31
$12, 187.000.00
I
t3. 973, 000. oo
I
$8, 214, 000.
MARKETS
Private ______ __________ _-1
91
.
Public _ _____ ________ ___ -
91
$2, 215, 915. 381
$1, 141, 307. 571
$771,007.
POWER
I
51
51
$24,665,964.37
I
$1,764,694.371
$22, 901, 2i0. '
PUBLIC AND SEMIPUBLIC BUILDINGS
Public __ . ___ . __ . - -- -- - -
I
I
6
I
61
$3,906,500.00
I
$53,000.00
I
$3, 853, 500. I
I
$1,097,300.00
I
$937, 000.J
SE"\VERS
Public _______________ ____ ,
12
i
12
i
$2,034,300.00
WATERWORKS (INCLUDING WATER DISTRICTS)
'i
Pnhlic ______________ __ ___
Private _____________ _____
Total ___________ __ _
91
13
81
13
$227,939,859.85
569, 3·10. 00
$9,087,374.00
434,140.00
104
94
228,509,199.85
9,521,514.00
-
$172,885, 485.~
135,200.
173, 020,
685.1
J
,.•
•
55
REPORT OF RECONSTRUCTION FINANCE CORPORATION
•
·1·'.
11-Continued
I-Loans on self-liquidating projects by types of project, from July 21, 1932, to
. June 30, 1939, inclusive-Continued
TABLE
' PART
ALL OTHER
--.
Number of Number of Amount authorloans
ized
authorized borrowers
Amount withdrawn or canceled
Amount disburscd
blie __________
·------ ------- --_
iTate
_______
5
5
1
$4,61-!,000.00
4,486,250.00
$200,777.20
$4,413,222.80
1
4, -186, 250. 00
--- -- -------------
Total ______________
6
6
9,100,250.00
4,687,027.20
4,413,222.~0
--
TOTAL, PART I
.
..,
blic ______ _____________
ivate __________________
Total ______________
l
,.
155
37
139
37
$37,5, 780, 359. 73
24,312,127.63
$19, 5:16, 545. 57
12,304,697.57
$309, 255, 211. 22
12,007,430.06
192
176
400, 092, 48',. 36
31,841,243.14
321, 262. 641. 28
'.
IL-Loans to public agencies to aid in financin~ projects authorized under
Federal, State, or municipal law, by types of project, from Apr. 13, 1938, to June
SO, 1939, inclusive
ART
[Under sec. 5d of the Reconstruction Finance Corporation Act, as amended]
I
·'.\,,•
:,··
~
Type
Number of Amount authorloans
ized
authorized
ridges ______________________________
ollege buildings__________________ ___
owor nnd light ______________________
8
9
wers
. . ~-----·--------------------ts and
roads ___________ __________
~ierworks_________________ _________
her ________________________________
6
14
12
8
8
27
10
Total, part IL _____________ __ _.
102
hlic buildings _____________________ .
hool buildings______________________
.
Amount withdrawn or canceled
Amount disbursed
, $13,246,536. 00
3,437,000.00
14.3R6.000.00
5,076, 991. 81
819,900.00
1, 170. 000.00
3,5, 843, 000. 00
9,650,800.00
14, 224, 100. 00
$566,000.00
138, 000.00
6,016,000.00
373,000.00
366,100.00
642,000.00
169,000.00
1,165,000.00
67,100.00
$3,187,036. 00
1,730,000.00
8,349,000.00
2, 515, 991. 81
2,400.00
355,000. 00
9,440,525.92
8,025,300.00
764,000.00
97, 834,327.81
9,502,200.00
34,369, 253.73
l
'. 1 In addition, conditional a~reemcnts to rrake loans, upon the performance of specified conditions, were
'11tstanding in the amount of $20,615,000 at the close of June 30, 1939.
f,i
T ABLE 12.-Number of banks and trust companies to which loans were authorized,
: and amount authorized, under sec. 5 of the Reconstruction F,£nance Corporation
•· Act, as amended, from Feb. 2, 1932, to June 30, 1939, inclusive, by size of cities
.,. or towns
t
l
f:
t Population of cities or towns in which borrowers are
-,:
located
.l
Number of banks
and trust companies
Amount authorized
Number
Percent
of total
Amount
5,142
591
542
254
212
166
106
145
188
70.0
8.0
7. 4
3. 5
2.9
2.3
1.4
2.0
2.5
$330,590,009.15
129,103,413.50
196,311,053. 77
147, 638. 115. 41
292.886,468.68
227,913, 845.90
253, 131. 193. 67
411,784,813. 07
472,460,717.66
9.3
10.3
16. 7
19.2
7,346
100.0
2,461,819,630.81
100.0
t. :Dder 5,000 _____________________ ____ __________________ _
to9,999 _______________________________ ___________ _
000to24.999 ___________________________ ___ _____ _____ _
000 to 49,999. ________________ _______________________ _
000 to 99,999. __ ------ ------------ -------------- -----,000 to
to 199,999.
__ ------ ---- ---------- -- -- _----------.000
C00,999 ___________________________________
---,000 to 999,999_. _-- ----- _-- __________ -- -- __________ -,000 and over ______________________________ _______ _
Total ___________________________________________ _
~
-~ t Revised.
•
I
Percent
of total
13. 4
5. 2
8.0
6.0
11.9
56
REPORT OF RECONSTRUCTION FINANCE CORPORATION
13.-Names and compensation of directors, officers, and employees of the
Reconstruction Finance Corporation receiving from the Corporation more than
$400 per month, as of June 30, 1939
TABLE
WASHINGTON OFFICE
Name
Title
Jones, Jesse H_ __ ____________ __ _______ _________ Chairman __________________________________ _
Henderson, Charles B ___________________ ______ Director ____________________________________ _
Klossner, Howard J ____ ____ ___ ___ _____ _____________ do _____ ---------------------------------Merriam,
C. B______________________________________
____ _________________________________ do
----------------------------------_
Schram, Emil
do _____
______________________________________
Talley, Lynn P _______ ________________________ Assistant to the directors ___________________ _
Buskie, George F ________________ ______________ Special assistant to the directors ____________ _
Cooksey, George R ____________________________ Secretary___________________________________ _
Mulligan, H. A________ ________________________ Treasurer __________________________________ _
Hamilton, Claude E., Jr _______________________ General counseL _____________ ______________ _
Clay. Cassius M_____ __ ____ _______ _______ __ __ __ Assistant general counseL. _________________ _
Dougherty, J. L ____________________________________ do _________________ ___ __________________ _
Durr, C. J ___________________________ ___ ____________ do ______________________________________ _
Snodgrass, Russell L _______________________________ do ______________________________________ _
Corcoran, Thomas G ____ ______ __ __ ________ __ __ Special counseL ____________________________ _
Fitts, William C ___________________________________ do _____ -------------------------- ___ ____ _
Lindquist, R. J ____ ____ ______ ____ ________ ______ Chief auditor _______________________________ _
Barriger, J. W., IIL___________________________ Chief examiner, Railroad Division _________ _
Brownell, R. A________________________________ Chief, Agency Division ____________________ _
Husbands, Sam_______________________________ Chief, Examining Division _________________ _
Marartney, Morton_________________ __________ Chief, Self-Liquidating Division ___________ _
Hamilton, T. A___________________ ____________ Special examiner __________ _________________ _
Taylor, R. J_____ __ __ ___ ___ __ ____ __ ______ ______ Assistant chief, Agency Division ___________ _
Costello, W. c __________________ _________ _____ Special assistant to the board of directors ___ _
McGrath, M. J________ ________ ____ ____ ________ Assistant chief, Examining Division ________ _
Herson, James F ________ ____ __ __ ________ __ ___ _ Administrative assistant ___________________ _
Sullivan, William W ____ ________ __ __ ______ __ __ Examiner __ --------------------------------Griffin, D. B ______ ______ ____________________ __ Assistant treasurer _________________________ _
Johnson, W. J _________________________________ Assistant chief, Examining Division ________ _
Satterfield, W. R__ ___________ ___ __ ______ ______ Assistant general counseL __________________ _
Wright, Charles M _________________________________ do ______________________________________ _
Thralls, Jerome_________ ___________________ ____ Special representative ______________________ _
Bradford, R. K____ _______ ___ ____________ ______ Examiner __ ________________________________ _
Keenan, Frank J ______________________________ Chief, Drainage, Levee, and Irrigation
Division.
Kuehl, Frank W ____ __ __ ____ __ __ __ ______ ______ CounseL -----------------------------------Coleman, John F __ __ ________ __ __ ____ ____ ____ __ Engineer adviser---------~-----------------Ribenack, W. c __________________ ___ __________ Assistant chief, Examining Division ________ _
Ronan, Frank T ____________ ___________ ____________ do ______________________________________ _
Stroud, W. E ____________________ ______ _____________ do ______________________________________ _
Allen, Ronald H_ _____ __ ____ __ ______ ____ __ ____ Assistant secretary_________________ ________ _
Hobson, Alfred T ___________ _______________ ________ do ______________________________________ _
Sullivan, Harry L_ __ ____ ____ ___ ___________ __ __ Assistant treasurer-------------------------Kelley, Jerome T ___________________________________ do ____________ --------------------------Unzicker, Willard E ____ ____________ _______ _____ ____ do ______________________________________ _
Berrett, R. W _______ __ ___ ___ __ ______ ____ __ ____ Administrative assistant ___________________ _
Grantham, J. P _______________________________ Auditor ____________________________________ _
Shaver, Clem______________ __ __________________ Special assistant to the directors ____________ _
Elliott, David C ______________________________ Chief, Statistical and Economic Division ___ _
Dodds, Chauncey Y ___________________________ Chief examiner, Drainage, Levee, and Irrigation Division.
Chadduck, Harry W __________ ____________ ___ _ Administrative assistant ___________________ _
Parks, Thomas E ______ ___ ________ _________________ do ______________________________________ _
Young, R. D __________________________ _____________ do ______________________________________ _
Klagsbrunn, Hans A__ _______________ _________ Counsel_ ___________________________________ _
Davis, Thomas H_ ____ ________ ________ ______ __ Examiner. _________________________________ _
Persons, Henry Z __________________________________ do _____ -------------------------------- __
Watson, William p _________________________________ do _________________________________ __ ___ _
Edelman, Edward_____________________________ CounseL ___________________________________ _
Hill, Geo. H., Jr _______________________________ _____ do _____ ---------------------------------Stansfield, Edgar A ________________________________ do _____________________________________ _
Drager, Walter L __ __ ________________________ __ Chief, Engineering Section _________________ _
Merritt, Arthur B ___ ________ ________________ __ Administrative assistant ___________________ _
Strong, Albert L_ _____ _______ _______ __ ________ Special assistant, Drainage, Levee, and Irrigation Division.
Greist, Alva O _ ____ _____ _______ ______ _______ __ Advisory engineer __________________________ _
Bassett, Albert E_______ ___________ ___________ _ Examiner __________________________________ _
Stafford, Bayard C ____________ ______ _______________ do _____________________________________ _
Norton, John E ___________________________ ____ Chief, Mining Section ______________________ _
Stein, Edward T ______________________________ Acting chief, Bond Service Sect1on _________ _
Griffin, Charles N ___ ___ _______________ ____ ____ Administrt~ive assistant ___________________ _
Shepard, Guy B ____________ ___ _____________________ _do _____________________________________ _
Gunderson, Harvey J _ ____ ______ __ ____________ CounseL ___________________________________ _
Greer, Frank H_ __________ ___ ________ _________ Special representative ______________________ _
Healey, George W __________________________________ do _____________________________________ _
Beck, W. C., Jr________ ______________ _________ Chief accountant ____ -----------------------Livingston, Schuyler W ___ ___ ___ _____________ _ CounseL ___________________________________ _
Wilson, Robert G _______________ _____ _______ ___ ____ do _____ • ______________________________ _
Dickinson, R. G ________ ________ _____ ____ __ ____ Examiner __________________________________ _
1 On leave of absence without pay.
Salary per
month
$833.33
833.33
833.33
833.33
833.33
• l,OU.67
833.33
833.33
833.33
833.33'
833.331
833.33
833.33
833.33
833.33
833.33
833.33
&33.33
833.33
833.33
833.33
833.~
800.00
791.67
791. 67;
791. 67
775.00
766.67
750.08
750.00
750.0Q
750.00
~~.
108.aa
708.331
708. ·
708.
708.
708.!..
708.o.t
666.fll
650.00
~::=
650.0Q
625.0d
625.00
625.«.
625.00
625.o«.
625.0d
625.0I
625.od
625.0(I
=:1·
008• .
608. '
600.!
600.UQ
600.
600.
600.
600.
583.
583.
583.
683.
583.
583.
583.
566.
566.
566.6
566.6
57
REPORT OF RECONSTRUCTION FINANCE CORPORATION
13.-Names and compensation of directors, officers, and employees of the
Reconstruction Finance Corporation receiv'ing from the Corporation more than
1400 per month, as of June 30, 1939-Continued
ABLE
WASHINGTON OFFICE-Continued
Name
Title
Salary per
month
oward, Ernest B_____ ___ ___ ___ ______ _________ Examiner __________________________________ _
$566.67
566.67
566.67
566.67
, wis, Charles B ___________________________________ do _____________________________________ _
an, Richard __________________________________ do _____ · _______________________________ _
adden, Thomas A ___________________________ _____ do _____________________________________ _
n, L. g ______________________________________ do _____________________________________ _
, M. w __ -------------------------------- Assistant to the secretary __________________ _
lueck, Nathan H_ ___ ______ ____ ___ ____ _____ __ CounseL ___________________________________ _
tead, Robert P ____ ____ ______ __ ____ ______ Examiner __________________________________ _
562.50
541.67
541.67
541. 67
541. ~7
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
, Verner ______________________________________ do _____________________________________ _
yton, Laurance J ________________________________ do _____________________________________ _
Inger, C. W ____________________________________ do _____________________________________ _
mbs, J. Wendell ________________________________ do _____________________________________ _
ins, Hugh Powell ______________________________ do ________ _____________________________ _
es, Ralph B ____________ _________________________ do _____________________________________ _
GeorgeP _____________________________________ do _____________________________________ _
enz, I..ouls M __________________________________ do _____________________________________ _
· 'Bleness, E. J _____________________________________ do ___________ __________________________ _
, Robert W ___________________________________ do _____________________________________ _
bertson, Hilton W _______________________________ do _____________________________________ _
elle, William J ________________________________ do _____________________________________ _
bury, R. M ____________ _________________________ do _____________________________________ _
y, HaroldJ ____________________________________ do _____________________________________ _
man, Carter ____________________________________ do _____________________________________ _
le, J. E _________________________________________ do _____________________________________ _
ard, Maxwell ____________________________________ do _____________________________________ _
yce, Walter E_ _______________ ___ ___ _____ __ __ Administrative assistant_ __________________ _
, George L_ ________ ______ ______ __ __ __ ____ Examiner ______________ ____________________ _
~tt~A ___________________________
525.00
525.00
525. 00
525.00
520.83
520.83
516, 67
-----1~--------------------------------------
utland, Herbert R ________________________________ do _____________________________________ _
t.cher, William Meade, Jr__________________ CounseL ___________________________________ _
olland, Bernard P ., Jr __________________________ _ (lo _____________________________________ _
t, Alexander B_____________________________ Assistant secretary _________________________ _
il&Js;ted, J. Donald____________________________ Special assistant, Statistical and Economic
Division.
nee, Henry M_____________________________ Liaison
representative ______________________ _
oodale, Robert C_ ___ _____________ _______ ____ Counsel ____________________________________ _
enry, Heber ______________________________________ do _____________________________________ _
. utchinson, A. S___________________________________ do _____________________________________ _
dlin, John N ____________________________________ do __________________________ ___________ _
ner. George B ___________________________________ do _____________________________________ _
olford, AlbertM _________________________________ do _____________________________________ _
. t. Donald M___ ____________________ ________ Engineering examiner ______________________ _
beridge, Julian c _______ ____ ___ _____ ____ __ __ Examiner __________________________________ _
_ 11, Edward A ____________________________ _____ do _______________________ ______________ _
din~, William C _______________________________ do ___________________________ __________ _
oover, James O ___________ _______________ _________ do ________________ ______ ___________ ____ _
ouse, Perry B ___________ _________________________ do _____________ ___ _____________________ _
ack, Bryan ____________ ___ ________ ___ __ ___________ do ____________ ___ ________ ___ ___ ____ __ ___ _
wart, Adelbert T _____ ________ __ ___ _____ ________ _do ______________ ____ ___ __ _____ ____ ______ _
phere, Frank E ___________________________ Inspecting engineer ____________ __ __________ _
r, James H_ __ __ ___ _______ ___ ___________ __ Supervisinf? engineer _______ ~ ___ ____________ _
, Frank T _______ ______________ ____ ____ __ Chief Clerk . ___________________ ____________ _
n, Roy E__ ____ __ __ __________ __ __ ______ __ Enginooring examiner ______________________ _
,aronAy, W. H_______________________________ Artinf? a-ssistant chief, Bond Service Section_
ke, China R_ _____ __________________ _____ _ Examiner _____________·_____________________ _
ard, Peter c_ _____________ __ ____ __ ____ ______ Admini.~trative assistant ___________________ _
tz. Elmer E ________________________________ Counsel _______ ___________________________ _
en. W . H_ ____ ________ ____________________ Supervising accountant ____________________ _
orth. George C_ ____ __ ____ _______ ____ ____ _ Counsel .. __________________________________ _
r. William B ___ ._____ __ ________________ __ Examiner __________________________________ _
·ns, James H _____ ____ _____ ______ __ ________ Administrative assistant ___________ ________ _
amphell, 1. Bowers __ . _______________________ CounseL ___________________________________ _
der, Hamilton__________________________ Examiner _____________________ _____________ _
wes, Alfred D _______________________________ .do _________________ _____________________ _
wson, Donald S_________________________________ do _____________________ _________________ _
, Sterling J., Jr__ ________________________ _____ do ______________________________________ _
itehel1. Robert A _________________________________ do ____________ ___ ___ ___ _________________ _
, Robert Goodwyn, Jr _________ _______________ do ________________ _____ _________________ _
der,¥ai.rn B~============================ =====~~=======================================
her, Forrest______________ __________________ =====~~:======================================
Appraiser __________________________________ _
m~:,'J~lf::imFE============================
• I, Nathaniel_____________________________ Auditor ___________________ __ ______ _________ _
berg,H. R _____________________________________ do ______________________________________ _
:verman, A. Marvin________________________ Counsel ____________________________________ _
,
ghlin, Matthew A., Jr ______________________ do ______________________________________ _
I On leave of absence without pay.
·
516.67
500.00
500. 00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500 00
500. 00
500.00
500.00
483.33
483.33
483 33
479. 16
t
475. 00
47,'i.OO
475.00
466. r,7
466.67
458.33
458.33
458.33
458.33
458.33
458.33
458. 33
458.33
458.33
458.33
45~.33
458.33
450.00
450.00
450.00
450.00
450.00
58
REPORT OF RECONSTRUCTION FINANCE CORPORATION
13.-Names and compensation of directors, officers, and employees of the
Reconstruction Finance Corporation receiving from the Corporation more than
$400 per month, as of June 30, 1939-Continued
TABLE
WASHINGTON OF FI CE-Continued
Name
Title
Mashburn, L. w __ _____ ___ ___ ____ ____________ _ Engineer-appraiser ____ ______ ____ ___________ _
Worthington, L. s_____ ___ __ _____ _____ _____ ___ ______ do _________ _____________________________ _
Greely, Adolphus W ______ __ ____ ________ ___ ___ Engineering examiner _____________ _________ _
Strom, L. H __ ____ ___ _____ ___________ ______ _ -_______ do _________________________ _____________ _
Warren, Frederick H __ _____________ ____ ___ _________ do ______________ ___ _____________________ _
Brown, Alan B -- - ------ -- -------- -- -- -- --- --- Counsel ____________________________ ________ _
Jacobson, Harold E __________ ______ ____ _______ _____ do ___________________________________ ___ _
Mills, J. Warner, Jr ____ __ ___________ ____ __ _____ ____ do ___________ ___ __ ______________________ _
Moroney, James Callan __ _____ ______ _____ __ ___ _____ do ______ __ ___ __ __ ______ _____ _______ __ ___ _
Weinstein, Samuel M _____ ___ __ ____________ ________ do __ __________ ______ __ _____ ______ ________
E igel berner, J _________________________________ Examiner ____________ __________ ___ ________ __
Gay, John L _______ ___ ___ ______ ____ _________ _______ do ______ __ _____ _____ _____ __ ________ ____ __
Herrmann, Herbert J ___ __ _____ ___ __ ___ ___ ____ _ _____ do _______ __ ____ __ __ ___ ____ ____ _______ ____
Hubbard, S. A __ __ __ _______________ _______ _____ ___ _do ______ ___ ________ ________ _____ ____ ____ _
Wise, George E ___ ____ _____________ ____ ________ _____ do ______________ _____ _____ __ ___ ___ ___ ___ _
Cole, James O ___ __ ___ ____ __ _____ _____ __ _______ Assistant to Mr. Schram ___________________ _
Chase, John H ________________________________ Assistant chief, Statistical and Economic
Division.
Bergstrom, Raymond A_ __ __ __ __ __ __ __ __ _ _ _ _ _ _ Examiner _______________ __ _____ _______ _____ _
Bailey, Lawrence M_ ______________________ ____ Field representative _____ ___ __ _______ ______ __
Bliss, Rodney M ____ ___ ______ ___ ___ __ ___ _____ ____ _do _________________ _______ ______ ________ _
Robert, F. H __________________________________ Super vising engineer ___ _____ ____ ____ __ _____ _
Letcher, J . M_ ______ ______ ____ ___ _____ __ ___ ___ Auditor ___ __________ _______ ____ ______ ___ ___ _
Murphy, D. F __ __ __ ______ _______ ____ ___ ______ _____ do _____________ ______ ____ ___ ___ ______ ___ _
Respess, John R ___ _____ __ ___ __ ________ __ __ ____ ____ _do ___________________ _____ _______ ____ ____
Rustin, Peter H __ ____ _________________ ___ ___ __ ___ __do _____________________ ________ __ _______ _
Nielson, Leo___ ____ _____ _______ ____________ ___ _ Administrative assistant_ __ _________ ____ ___ _
Easley, Robert J ______________________________ Appraiser ________ ________ __ ______ _____ ___ __ _
Jackson, Cullen G _____________________________ Assistant examiner ________ ___ _____ ___ _____ __
Mulligan. Minot c __ __________________________ As~istant to the secretary __ __ __ ___ _________ _
Close, James W _____________ __________________ CounseL _____ ____ _______ ___________________ _
Johnson, Henry C ___ __________ ______ ___ ____ ___ ___ _. do _________ _______ _________ ____ ___ ______ _
Boldin, Bernard E ____________________________ Examiner ____ ______ ______ ___ ____ ___ _____ __ __
Huie, Byron S __ ___ __ ______ _____ ________ _____ _ ____ _do ____ _____ _______ _____ ___ ____ __________ _
Mccutcheon, William N ____ _______ ______ _______ ___ do __________ _____ ____ ________ _____ ______ _
Stafford, D. N . --- ----- --- --- -- -- -- --- - -- --- -- - _____ do ___ __ __ __ ______ _______ _____ ___ _____ ___ _
Steele, Hubert B __ ____ ______ _____ _______ __ ________ _do ___ __ ___ _________ ___ ____ ____ ___ __ ______
Ferratt, Thomas I., _______ _____ __ ____ ___ _____ __ Field representative ______ ____ ____ _____ ______
Considine, James W __ _______________ _________ Supervising accountant_ ____ ____ _____ ______ _
Moyer, William A___ __ __ ________ __ ____ ___ __ ___ Auditor ______________ ____ __ _________ __ ______
Reily, Robert F __ _______ ___________ ______ _____ _____ do ___ _____ __ __ _____ ___ __________ ____ ____ _
Ralls. Frank c ________________________________ Appraiser _______ _______ __ _______ ______ _____ _
Salary per
month
$450.00
450.00
450.00
450.00
450.00
441. 67
441. 67
441. 67
441. 67
441. 67
441. 67
441. 67
441. 67
441. 67
441. 67
433.33
433.33
433.33
433.33
433.33
433.33
425.00
425.00
425.00
425.00
416.67
416.67
416.67
416.67
416.67
416.67
416. 67
416.67
416.67
416.67
416.67
416.67
416.67
408. 33
408.33
(2)
LOAN AGENCIES~
Atlanta, Ga.:
Everett. M. E ___ __ _____ _____ ___ ____ ___ __ __ Manager ___ ___ ____ _____ ___ __ ___________ _
Hobbs, William J_ _ ____ ____ __ ____ ___ ______ Agency counseL ___ ___ __ ______ ____ _____ _. . -Chadwell, ,cv. A. ___ ____________ ___________ _ Assistant manager ___ ___ __ ____ ______ __ _____ _
Reynolds, G. p __ _____ _______ _______ _______ Field representative ______ ___ __ _____ __ ___ __ __
Baltimore, Md.:
Coke, William H ________ _______________ __ _ Special representative ________________ _____ __
Chatterton,Joseph V ___ ___ __ _____ __ ___ __ Examiner ___ ___ _____ ____ ____ ________ ____ ___ _
Birmingham, Ala.: Long. E . w _. _. __ ___ ... __ Manager ___ __ _____ _____________ ________ _____
Boston,
Ma.~s.:
Hagerty,
John J __ ______ ___ ____ _. __ __. ___ _______ do _____________ __.. _____ ______ ___ _______ _
Larkin, George E__ ___ ____ ___ ___ ___ ________ Assistant manager _____ ___ __ ______ ___ __-___ _
Griffin, Edward____ _____ __ __________ ______ CounseL __ ____ ___ ___________________________
Charlotte, N. C. : Campbell, John A., Jr ___ ___ Manager____ ____ __ ___ ___ ______ ______ ____ ___ _
Chicago, Ill.:
Gallagher, F. D _____ ____ ______ _____________ ____ do____ __________ ____ ____ _____ ___________
Murchison, Frank M____ __________ ___ _____ Assistant manager____________ ______________
Black, Craig O ______ ___ ____ _____ ________ __ _____ do_______________________ _______________ _
Walker, Lee___________ ___ __ ___ ___ __ ___ __ __ Office counseL _______ ___ __ __ ____ __________ __
Rosenwald, Harold_____ _____ _______ ___ ___ _ CounseL _______ ___________ ___ ___ ____ ------ __
Fordyce, William C_ __ ______ ______________ Examiner_____ __________ ___ __ _______ __ _____ _
~
~
$500.08
625.00
500.00
500.00
458.33
416. 67
416.67
708. 33
483. 33
433. 33
500.00
,
833. 33
833. 33
625. 00
791. 67
625. 00
625. 00
~
~iJ1:i~~y6~~-~~~~-i~-~l~-- =::: ~::: ~::: : :: -Atto~~ey======:: ====:: == ==::: ======= ========
~::
Gregson, William F _______________________ Examiner ___ _______ ____.. ____________________
541. 61
Boysen, Louis K ____ ____ _________ _______. _ _____ do_ ______ _____ __________ ____ ____ _________
500. 0$
Mudgett, C. F ____ ________________ ______ _______ do_ _________________ __ _____ ______ _____ ___
500. QC!
Stan dish, M. L ____________________________ As:-:istan t to the manager _____ __ _- __ __ _-- - ___
500. 00
Walters, Harold s___ ______ ________ _______ _ Attorney ____ ____________ _- ---- --- --- - - -- --- 500. oo. -·
om, Charles R ____ __ __ ______ __ ____ ____ ____ Examiner _______________ __________ -- ________
458. 31
..
458. 3j
Nelson, Harvey F __ _______________ ____________ .do _________________________ ______________
Fink, Sigmund A______ __ _________________ Attorney__________________ __________________
433. 31,
Allen, William S ___________ ____________________ do_______________________________________
416. 6 ,
'Employed on per diem basis at $15 per day. Compensation for April, $420; May, $465; June, $450.
a Except as herein indicated, attorneys handling legal matters of the various agencies of the Corporatioa
do not receive salaries but are paid in the .customary way according to the character and volume of th~
work performed and therefore are not included.
•
REPORT OF RECONSTRUCTION FIN ANOE CORPORATION
59
13.-Names and compensation of directors, officers, and employees of the
< Reconstruction Finance Corporation receiving from the Corporation more than
, 1400 per month, as of June 30, 1939-Continued
ABLE
4
7··
LOAN AGENCIES :!-Continued
"'-
Name
Title
·
' bicago, rn.-Continued.
_. . . . __ . __
liA' Wilson, Le_wis D ____ .. . . _. . . ____ . __. ______ Atto~ey _______ __... __ . ___
Rueter, Wilbert H ___ ____ . . . _. ... ___ _.. ___ Exam mer ___ _____ _. ___ . _____ . _. . . . . . . . . _
Tuohy,Arthur __ ___ _____ ____ ____ _____ __________ do ________ __ ______ __ -- ---· · ·· ·-· · -· · · eveland, Ohio:
-; Fraser, J. A_ .... __.. ______ __ ___ _____ _____ _ Manager_. __ ______ ___________________ __ __ __ .
M. C----·------- - ------ -- -------- Assistant manager_··-----· -- - -- -- --- ---· - -·
f\ Davies,
Perkins, T. T .. _.. _.. _. _______ ___ ____ . ___ . Examiner ___ .. _. _... _... _. _... _____ ... . . ___ _
Ade.ms, J. Raymond. __.. _____ ____-· ...... _____ do . . ... --·· ..... . __ . ___ . _.. __ . ___ . __ .. _. .
,:
fbane.s, Tex.: Glidden, L.B.-·--- --- -··----··- Manager ........ ·- --- -- ------- --- - --·· ----- Mich.:
Hodgson, Raymond J ____ ___ _. ___ __ _.. . ___ ••. _.do ______ ..•. ______ . __ ___ _____ . _________ .
t:l>etroit,
-~ Fushman, Arthur J. __ .. __ ______ __ ____ ____ Assistant manager ___ • _____________________ _
.. · Nelson, Fred. F _______________ ________ ______ --- _do ___________________ ______________ _____ _
· Massnick, Alfre<l W _________________ ___ . _. Attorney ______ .. _________ . __________ _______ _
jlouston, Tex.: McConnell, M___ _____________ Manager ______ .. _______ --·-- ________ _______ _
Jar,ksonvflle, FJa.: Farwell, Fred H ____________ -... do. -·····-·----·- .. ____ ._·--· ____ __ __ .. __
·:.a:ansas City, Mo.: Hodges, Frank .... ·----·-· ....• do_____ ····-·---·---·······--·· .... -·-···
ttle Rock, Ark .: Jarrett, J. W -·- . __·-·--··-- .•.•. do ........................... ______ ..... .
A.ne:eles, Calif.: Haight, Hector C .......•..•.. _do......... __ .. __ .. _. ____ .... _______ -· .. _
.
sville, Ky.:
.
. Abell, J. Fort _______ -· ____ -·- ........ _.. _.. - --·do __ • __ . __ -···· ... _.. ·- ___ -· .. . ......... .
~ --Humphrey, Lovell M. ·- ·-·· ··-· ··-- ···--- Agency counseL _. _. ____ ·- ___ . _____________ _
,.,iwineapolis, Minn.:
· Maynard, BE'n C ___ . ___________________ . __ Manager _________ ._ .. __ . ___ • ______ ..... ____ .
·_ Power, George C·-·-··--·-- - ________ ---·-- Assistant manager .••• -·----···--·--·----·· .Jra.,bville, Tenn.:
' Gardenhire, J. M .... .... _. -·-·- _·- _. .. . . .. Manager............•...••...•........ _...••
Davis, Lee .• ·················-······-····· Assistant manager .•••...•.......... ----····
,
,;., Gale, George 1.......................... .. Agency counsel. ... ··········-··-···-·······
1 Jlew Orleans, La.:
.., Robertson, George W .. --···--······ .•.. .. Manager .......•.•.•..•..................•..
• Green, Justin._. __ ...••.....•.....•. _._.... As~istant manager .••................ _...•••
-· Goodman, Samuel J.····-···-···- _····-··· Agency counsel. .•.• ·····-··· ... ___ --·-·····
'New York, N. Y.:
' Ahearn, Thos. J., Jr................. __ .... Manager __ ···- ..••••... -······- ..... _······Tyree, Young ___ .•.•... _.....•.•...• _:_.__ Assistant manager .•••.•••.......... __ ·--···
Farthing, William J,......•.... _•.. _. _.. . .. Examiner __ _...... _....•.•........• _._ .••••.
Schneider, John Thomas .• ·····---._-·.... Agency office counseL •.• _•. ···-···-········
Evarts. Effine;ham ••.... •·······--·······- Assistant agency office counseL ....... -····Kavana1?h. Thomas P ..•...•..•... -·-· .. .. Examiner __ .. __ ..•••••...•.•.• ·-··-_-· ..••.•
Barrett, F. H _. _. _······-·-·-· ·--- ---··· .. Special assistant .••••........•...... ·--·····
Summers, George .•••. -······-·--·........ Attorney...... ·················-·-······ ... .
Callahan, Raymond R .. -· . ... -· ·· -·· ... .. Examiner.··-····-········ ........ ·····-···Bteven~, Harry I .. ·-··_._._ .. ____ ............. _do ....................••........... _..•..
Chapin, George E ••.... ···- _. _...... -· ......... do ...... ·-_ ..... _....... _.·-.·- ... __ •.•. _
Frey, Charles L.··············-·-···--···· Chief, Loan Liquidation Division ..... _____ _
Linn, Henry A.•.....•••.•.... -·.·-- __ .... Attorney.. _... -··· __ .. -···-··· .. . . ___ ·-·-··Sutherland, Conrad J •• __ . __ ... -···· ..... _ . ____ do.- •...... -· .• -·--·. __ ._ .. ___ ._._ ... -· __
Telsey, Leon G __ .. __ ........ ·- .. -· .. __ .. -· Counsel.......••.. -··-.· -···-··-····-· ... _·Jefferson, Howard M ... ·-··-·-····-······· Examiner.•··········-····-·······-·-······Fields, Bernard ..•••.•••.. ___ ..... __ ...•.. CounseL_ .....•.•..• ·-. __ ......•.. _......•..
Wilson, Russel T ••.....•... _.. ...• ..•. .• .. Examiner.. _.. -·_ ... ___ ......... __ ......... .
Gtlahoma City, Olds.: Eagen, J. C... ...•.... Manager........ -····- __ ·--· ...•...... --···~~ha, N~br.: D_aniel, Herbert 8. --·---·--·-- ..... do_···-···- .•...... ··-·---·.··-···-·····::
.
·1
.llfWJBdelph1a, Pa ..
_ Scott, E. Raymond).._ .• -· •. ··---·. __ .... ___ .. _do .. __ .. _..•...•. _....••.... -· .... . _.•. _
. Walton, Henry F., J:r ..... ••··---········· Acting assistant manager.·--·····---·-······
·• McCarthy, Arthur F •...•.. ·-·····---····· Office counseL -··--··-······-···-··········Gretz, Arthur A.. __ .•.... _-·-····- .••• ____ Examiner ... -···-_ .• __ ··-·_·-· ...... __ -····. . land, Ore~.: Kennedy, William ... -· .. ____ Manager-···-·····- ... -·_-·········_._ .... __
. chmond, Va.:
· Gilmer, Henry G _•• _•••.. _.. ··-· ___ ...•. __ ·- ... do ..•••.. . .•••.••.• ··-···-·····--·- __ ··-·
Staples, E. W _•• __ _-·-·······-- ____ ·- __ __·- Assistant manager._ •• _•.• __ .•... ---·--···._
Crump, William W ••• ···- ...... -···-··· .. Office counsel.._-·-· ... ___ ··-·-···---···-··Antonio, Tex.: Meerscheidt, Otto .••...• __ Manager...• ·- · ···--···-· .. _____ ·- __ .... __ ..
Francisco, Calif.:
Calkins, Allard A_._ ........ --·- .. _.. _.... . _._.do ...... --· .. _..•••.•.•.• -·· •.•••.• __ .. __
McCullough, John S., Jr .. -·-·····-··-.... Assistant manager_ ••• ········-············Hossack, H. F --·· .... _.... __ .... _... _... _.. __ .. do ...•..• _.-· .•••••.•••.••...•....•.•••••
. tane, Wash.: Ferguson, Walter .• _.-·····.. Manager-· ...•.••• -·-··-······-·-······---·Louis, Mo.:
Snyder, John W .-•••.. -·····-··- ____ .•••. ___ .. _do. __ .....•. _-···········-·-. __ -·-· __ -· . _
' Bain, Frank J_.. .. .... ...... .............. Assistant manager_ •.. ······-··· . .• . · ·· -___ _
Juan, P. R.: Norregaard, Nelson.......... Special representative_._ ... _.. ··-·-····-··-·
Salary per
month
$416. 67
416. 67
416.67
833.33
583.33
437.50
416.67
500.00
625.00
500.00
416.67
550.00
4,50. 00
500.00
600.00
500.00
500.00
520.83
416.67
625.00
450.00
500.00
458.33
583.33
625.00
541.67
541. 67
833.33
791. 67
791. 67
708.33
708.33
625.00
525.00
500.00
500.00
483.33
450.00
458.33
458.33
441. 67
458. 33
458.33
416.67
416.67
450.00
500.00
625.00
416.67
625.00
441. 67
500.00
541. 67
458.33
416.67
500.00
833.33
541. 67
500.00
450.00
708.33
475.00
450.00
Except as herein indicated, attorneys handling legal matters of the various agencies of the Corporation
not receive salaries but are-paid in the customary way according to the character and volume of the
11Drk performed aud therefore are not included.
.1
•
60
TABLE
REPORT OF RECONSTRUCTION FINANCE CORPORATION
14.-Statement of cash receipts and expenditures from Jan. 1 tp June 30, 1939
inclusive (Corporation's accounts with Treasurer of Un-ited States)
Cash
balance at
the close of business Dec.
31, 1938, as per__________________________________
the books of the treasurer of the $2,542,843.2
Corporation
_________________________
__________________
Add: Checks issued prior to Jan. 1, 1939, canceled subsequent to Dec. 31,
1938__ __ __ __ _______ _____________ ____________________________________ ______
$3,941.61
Deduct: Corrections of errors reported to the treasurer subsequent to Dec.
31, 1938__ ______ ______________ ______ ____ ________________________ ____ ___ ___
19,655.20
15,713. 5!
Adjusted cash balance at the close of business Dec. 31, 1938 _____ ____ _____ ____ ____ ____ _ 2, 527, 129. 71
Receipts:
Sale of notes _____ _________ ____ ____ ___________ ____ _____ ______ ______ _____ $361, 890, 000. 00
Repayments on loans:
To banks and trust companies (including receivers)_ $16, 109, 740. 08
To credit unions _---- -- -------------- -------------84,327. 00
To building and loan associations (including re357,157.21
--------- -. -------------------- ------ --_
To~ivers>msurance
compames
__________________________
158. 951. 87
To Joint-~tock land banks ___________ ______________ _ 2, 294, 981. 02
To morteage loan companies ________ ___ __ ____ ____ __ 55, 118,791.59
To agricultural credit corporations ____ __ __ __ ___ ___ _
3,398. 22
To railroads _________ _____ ___ _________ ____ __ __ __ ___ 21,725,
541.32
To fishing industry ____ ____ ______ ___ __ _____ ______ __
10,895.00
To business enterprises __ ______ ____ _____ __ _____ ____ 12, 711,237.82
To mining, milling, and smelting business _____ ___ _
410,000. 00
On assets of closed banks . _____ ___ _____ ______ _____ _
633.568. 85
For self-liquidating projects (par $151,281,539.35) __ _ 148, 228,346.47
For repair or reconstruction of property damaged by
earthquake, etc.:
Under sec. 201-a, act of July 21, 1932, as amended_
116,501.81
Under act of Apr. 13, 1934, as amended:
Industrial and commercial business __ ____ __
39, 790.56
52,301.75
Other --- - ----- -- -- --- -- ------ ---------- -For financing sale of agricultural surpluses in foreign
markets__ __ ___ ________ ____ _____ __ __ ____ _________ _ 3,566,444.08
For financing the carrying and orderly marketing of
agricultural commodities and livestock produced
in the United States, other than Commodity
Credit Corporation ___ _____ _____ _____ ____ ___ ____ _
18,723.00
To drainage, levee, and irrigation districts ________ _
804, 423. 16
To public-school authorities _______ __________ __ ___ __
1, 500. 00
Secured by preferred stock:
Insurance companies _______ _______ ____ ________ _
75,666.98
Banks and trust companies _______ _____ ___ ____ _
361,204.22
262,883,492.01
Preferred stock, capital note and debenture retirements____ ____ ______ __ 20,744,921.51
Preferred stock installment sales contracts ___ ___ _______ _____ __ _________
52, 807.46
Sale of securities purchased from Federal Emergency Administration of
Public Works. ____________ ___ _______ _____ ________ _____ __ _____________ 34,884,304.60
Funds of other governmental agencies:
6,925,378.13
Disaster Loan Corporation____ __ ____ __ _______ ________ ______________
Export-Import Bank of Washington _-- --------- -- -- -- ------------950,000. 00
Commodity Credit Corporation__ ____ _______ _____ ____ __ __ __ _______ 82,617, 970. 19
Federal National Mortgage Association___ ___ ______ ____ ______ ___ ___ 15,812,924.01
Deposits of cash collateral by borrowers________ __ ____ ___ ____ ___ ____ ____ 82,650,000. 00
Interest and discount collected__________ ______________ ______ ___________ 26, 228,677.61
Dividends collected on preferred stock purchased (including interest on
interim receipts) ____ __ ____________ ___________________________________
5,942,997.61
Interest collected on capital notes and debentures_____ __ _______________
1,829,166.75
Commitment fees of The RFC Mortgage Co_________ ____ __ __________ __
636,523. 92
Accrued interest on notes sold ____ ____ __ ___ ________ ____ _______ ________ __
2,084.79
Premium on notes sold________ _________ _______________ ________________
775,225.00
Premium on sale of securities purchased from other governmental
agencies____ ____ ___ ___ ____ __________________ ___________ __ ___ __________
4,561,224.52
Interest, to date of purchase, on securities purchased from other governmental agencies__ _____ ____ __ ______________________ _______________ ____
324,308.55
Reimbursable expense collected________________________ _____________ ___
1,989,364.24
Repayments on advances for care and preservation of collateral________
579,462.90
Collections on collateral (cash collateral)_________________ ______________
2,202.00
Liquidation of assets acquired through foreclosure and settlements_____
1, 384, 936. 76
Deposits with bids for purchase of securities____________________ _______
35,450.00
Premium on securities sold ___ ----------------------- --------------____
8,611, 197. 50
Remittances held in suspense___________________________________ _______ 18, 173,484. 64
Unallocated-pending advices_________________________________________
4, 357, 505. 16
Miscellaneous (including amounts credited in error)___ ________________
360, 324. 23
- - - - - 945,205,933.811
947, 733, 06.1. M
REPORT OF RECONSTRUCTION FINANCE CORPORATION
61
14.-Statement of cash receipts and expenditure3from Jan. 1 to June 30, 1939,
inclusive (Corporation's accounts with Treasurer of United States)-Continued
ABLE
115XJpen,dltures:
Retirement of notes••.........•...•...... -·--_..................... .... $550, 180, 000. 00
Loan dlsbursement.s:
To banks and trust companies (including receivers). $1, 801, 489. 70
To building and loan associations (including receivers) .•••••.•.•.....•••...••.. ....•...•......••
1,816,235.70
To Joint-stock land banks.•.•.••..•.•.••••....•..••
21,000.00
To mortgage loan companies. .....•.....••... _....• 43,021,623.22
To railroads ....... -......................... ..... . 24,850,800.00
To business enterprises ... ···-·-····· ............. . 23,124,327.33
To mining, milling, and smelting business .. __ • _. __
340.000.00
215,254.36
On assets of closed banks- ···-·-··-······· · ·-·······
For self.liquidating projects (par $12,581,200) ...... . 12, 581, 200. 00
For financing sale of agricultural surpluses in foreign
markets_················· ······-···········-·····
7,000,000.00
For financing the carrying and orderly marketing of
agricultural commodities and livestock produced
in the United States, other than Commodity
Credit Corporation_ ..........•...........•... ...
87,000.00
To drainage, levee, and irrigation districts ..•...•••
3,043,324.86
To Rural Electrification Administration .•.••...... 100,000,000.00
217,902,255.17
Purchases of preferred stock and debentures-banks and trust companies •.. · -·· ·· · · · · · -· · · · · · · · · · · · · · ---· · · · · -· · · · · --· · · · · · · -· · -· · · --· · 17.315,965.00
Porchase.c; of securities from Federal Emergency Administration of Public Works_ --···········-········•--- ·········--··-········--·- ·-····· 11,364,600.00
Withdrawal of funds by other governmental agencies:
The RFC Mortgage Co .....•.•...•.............. ...............•..
5.000. 00
Disaster Loan CorPoration_ .. _....... _. _......... _................•
9,152.612.44
Export-Import Bank of Wa.qhfngton ..•.•..................... .•..•
3, 700.000.00
Commodity Credit Corporation ........•.........•....... ......... 82,699.652.91
Federal National Mortgage Association ...•.....•...•.... -····-···· 19,148,921.54
Allocations:
To Federal Housing Administrator __ ............. _ $6, 525, 000. 00
For expenses regional agricultural credit corporations . ...•...•................... ................•
222.650.00
Purchases of stock of Disaster Loan Corporation .•.•
6,000,000.00
For expense.~. Works Progress Administrator ...... .
1. 00
Administrative expense-regional agricultural credit
corporations •••.•.... -•.......•.....•.•.......• ..
775.74
12,748,426.74
'
Advances for care and preservation of collateral, etc....................
1,180,136.00
Assets acquired through foreclosure and settlements .......... ·-······-·
500. 00
Advant"eS for care and preservation and expense on assets acquired
· through foreclosure and settlements _.········-···-·····--···· .•.. ··-·
472,508. 49
Expense of servicing securities purchased from Federal Emergency Administration of Public Works.................. ......................
100, 274. 72
Refund of interest and dividend overpayments._ .........•. _......... _
196, 572. 52
Release of cac;h collateraL ...... .• ...... .••..• ...•.....•.• .•. ..•.. ...•.•
6,247. 94
Interest on cash collateral to rediscounts ••••.. ·-···············-·······
689. 05
ReJea.c;e of funds held in suspense............... .......................
7,141,707.38
Interest on notes_··--·······-········ ·•······-······-·········· ·-··-·-·
6,219,852.48
Interest on funds held for Commodity Credit Corporation.............
387,766.80
Accrued interest on securities purchased.--····-·-····- ••.•••....... _·229, 645. 15
Fornitnreandflxture s............................ .....................
76,421.30
------
Expense·
Oeneral .•••.•• _.-·-·······-·-··········· -·--··················--·· ·
2,091,642.55
Loan agencY·-··-·····-·-··-- ·····-·····-·····-···-··-··- ···-···-··
2,027.922.06
Cnstodian_·····-·-··- ······-······-··-···-······· ··-·········-····
715,132.12
Reimbursable expense................ ............................ .....
1, 494, 183. 12
Miscellaneous (including refunds and adjustments for amounts credited
in error) •• --···-···-·-····-········· ·········-·-··-···-······· ·······
554,072. 61
------$947,112,608 .09
Cash balance at the close or business June 30, 1939..................... .............
620,455.50
OTE.-ln addition to funds on deposit with the Treasurer of the United States, custodian banks and
held in suspense funds which amounted to $634,414.61 at the close of business Dec. 31, 1938, and
409.48 at the close of business June 30, 1939.
_ TABLE
.•
15.-Statement of condition as of the close of business June 30, 1939
~BSETS
Oeneralaccount ••••••••.•. -•• ·····-······-·····-··-···· ·······-···-·
Expense account ....••..•..••••.•.•.•..•••• ••.•••.••••.••••••.•.•••• •
Held by custodian banks and trustees.···-----·····--- --····-····-··
Petty and other.. ·--·-··········--·-····-·-- ----··-···-·---··-···-·--
$606,292.25
14,163.25
585,409.48
24,969.62
$1,230,834. 60
48,020,200.00
s•···-·-·········-········ --······--·····--········· -··--·---···-·--········· -··--·· 1,142,658,216.14
erred stock, mpital notes, and debentures:
Bank.q and trust companies·--····--·-·-· ---····-····-·--·---···· ·-·· $574,169, 7fJ7. 90
Insurance company_ .••...•••.••••• ·--···· .•••....• ·-·-····..........
100,000.00
IDstallment sales contmcts..• -------······-·-·--······· ···-··-···--·80,170.25
574, 349, 938. 15
footnotes at end of table.
8. Government securities (par) ..• ·········-············-··· ···· · ···--····--···-··--··
62
REPORT OF RECONSTRUCTION FINANCE CORPORATION
TABLE
15.-Statement of condition as of the close of business June 30, 1939--Con.
ASSETS-continued
Capital stock:
The RFC Mortgage Co______________________________________________ $25,000,000.00
Federal National Mortgage Association______________________________ 11,000,000.00
Securities purchased from Federal Emergency Administration of Public Works _________ _
N ctes and accounts receivable _________________________ _________________________________ _
Advance~ for care and preservation of collateral, etc ______________ ______________________ __
Property acquired in foreclosures and settlements (original cost, advances
for care and preservation, and expense)________________________________ $34,601,617.40
Less proceeds of liquidation and income______________ ____ ____________ 10,038,874.77
$36,000,000.00
116,576,520.21
377,846.29
1,604,907.58
24,562,742.61
24,875,499.33
1,402,673.92
450,698.67
1,842,468.47
Total ______________________________________________________________________________ 1,973,952,545.99
Accrued interest and dividends receivable _________________ _____ __ ____ __________________ _
Reimbursable expense __ __ ___________________ ___ ________________________________________ _
Furniture
and fixtures (less depreciation) ________________ --------------------------------_
Other
___________________________________________________________________________________
LI.ABILITIES
Notes (series N, P, Q, and R)_ ________________________ ----------------------------------- 1,062,736,627.43
fund~ ______________________________________________________
held:
Liability
_ $83,235,409.48
Cash for
collateral
For other governmental agencies_____________________________________ 27,153,261.59
110, 388, 671. 07
Receipts not allocated pending advices from fiscal agents ____________________________ ____ _
4,357,505.16
Other liabilities (inclu<ling suspended credits) ___________________________________________ _
14,502,270.52
42,728.39
Interest paid in advance and unearned discount.---------------------------------------Interest and <lividend refunds payable __________________________________________________ _
55,727.48
Accrued interest payable ________________________________________________________________ _
3, 795. 221. 04
Deferred credits _________________________________________________________________________ _
29,914.921. 33
Capital stock ___________________________________________________________________________ _
500, 000, 000. 00
Surplus _ -- -------------------------------------------------------------- $247,933,873. 57
Reserve for self-insurance __________ ---------------------------------225,000.00
248, 158, S73. 57
Total ______________________________________________________________________________ 1,973,952.545. 99
.
,
:
·
:
MEMORANDUM
Undisbursed authorizations and conditional agreements to make loans, purchase preferred
stock,
capital __________________________________________________________________________
notes, and debentures, etc. (including $4,369,148.48 agreed participation by $813,885,693.74
third parties)
Undic::burse<l allocations to other governmental agencies (including advances under 1933
Relief Act) 2 __ . __ _ _ _ _ _ _ _ _ _ _ __ _ _ _ ___ _ _ __ _ _ __ __ __ _ _ _ _ __ __ _ _ _ _ _ _ __ _ _ _ _ __ _ _ _ _ __ __ __________
40, 287, 235. 86
Undisbursed authorizations for advances for care and preservation of collateral, etc_______
459, 625. 09
Total______________________________________________________________________________
854,632.554.69
t Loans un<ler sec. 5 of the Reconstruction Finance Corporation Act, as amended, to aid in the reorganization or liquidation of closed institutions have been disburse<l in the aggregate amount of $944,907,806.15 . .
After taking into consideration repayments and other reductions of $895,244,849.38 item (1) of the balance
sheet includes the balance of $49,662,956.77.
2 Under the provisions of sec. 3 (a) of an act approved June 16, 1934 (Public, No. 362, 73d Cong.) the Corporation is required to purchase debentures or other obligations of the Federal Deposit Insurance Corpora- ·
tion, upon its request, up to but not exceeding $250,000,000. The Corporation has not been called upon to
purchase any such obligations.
Under the provisions of sec. 4 of the National Housing Act the Corporation has disbursed $73,546,074.55
and is further authorized and directed to make available such funds as the Federal Housing Administrator
may deem necessary.
Under the provisions of Public, No. 5, of the 75th Cong., as amended Mar. 4, 1939, the Corporation is
required to purchase nonassessable capital stock of the Disaster Loan Corporation, upon its request, up to
but not exceeding $40,000,000. The Corporation has purchased such stock to the extent of $18,000,000.
Under the provisions of sec. 201 (e) of the Emergency Relief and Construction Act of 1932 and sec. 33 (b)
of the Farm Credit Act of 1937, the Corporation is required to pay all expenses incurred by the regional
agricultural credit corporations. The Corporation has allocated $17,722,475.51 for such expenses. Of this ·
amount $16,936,228.43 bas been disbursed and $786,247.08 remains available for disbursement for expenses,
.
incurred up to June 30, 1940.
Pursuant to sec. 84 of the Farm Credit Act of 1933, as amended, $39,500,000 is held in a revolving fund,
of which $37,000,000 is held by the Corporation and the balance of $2,500,000 by the U.S. Treasury.
Under the provisions of an act approved Feb. 24, 1938 (Public, No. 432, 75th Cong.), the Secretary of the
Treasury bas canceled the Corporation's notes in the amount of $2,711,952,372.57. This sum is equivalent
to the amounts disbursed by the Corporation as allocations to other governmental agencies and for relief
by direction of Congress, administrative expense in connection therewith. and the interest paid on funds
borrowed for these purposes. All evidences of indebtedness with respect to such advances have been
delivered to the Secretary of the Treasury.
This statement of condition does not take into consideration expenditures incurred but not paid by the
Corporation at the close of business June 30, 1939.
0
