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TH£ L/81,' 1- .,
,,
QUARTERLY REPORT Jf.lN D. ~,'·, r-.·:
2
1
OF
l1NJV£flS
i~<
i
ITy ,_
0T
Reconstruction Finance
Corporation
TO
THE CONGRESS
COVERING THE CORPORATION'S OPERATIONS
FOR THE SECOND QUARTER OF 1940, AND FOR
THE PERIOD FROM THE ORGANIZATION OF
THE CORPORATION ON FEBRUARY 2, 1932, TO
JUNE 30, 1940, INCLUSIVE
25, 1940.-Referred to the Committee on Banking
and Currency and ordered to be printed
SEPTEMBER
UNITED STATES
GOVERNMENT PRINTING OFFICE
WASHINGTON : 1940
/_i
I
, _
10
~._,,v ·
-·
QUARTERLY REPORT OF RECONSTRUCTION
FINANCE CORPORATION
QUARTER ENDING JUNE 30, 1940
RECONSTRUCTION FINANCE CORPORATION,
Washington, September 25, 1940.
rhe
SPEAKER OF THE
HousE
OF REPRESENTATIVES.
Pursuant to the provisions of section 15 of the Reconstruction
Finance Corporation Act, as amended, the Reconstruction Finance
Corporation has the honor to submit the following report covering its
r>perations for the second quarter of 1940, and for the period from the
organization of the Corporation on February 2, 1932, to June 30, 1940,
inclusive.
S1R:
OPERATIONS-SECOND QUARTER OF 1940
During the. second quarter of 1940, the operations of the Corporation
were as follows:
Under section 5 of the Reconstruction Finance Corporation Act,
a.s amended, 24 authorizations were made, which, together with
increases in loans previously approved, aggregated $44,714,872.63,
tts follows: $674,624.93 to banks and trust companies (including
5624,000 to aid in the reorganization or liquidation of closed banks);
$1,113,500 to building and loan associations; $10,312 ,747.70 to mort~age loan companies (including $7,522.56 of participations to be sold);
$800,000 to a joint-stock land bank; and $31,814 ,000 to railroads
(including purchases of $1,112,000 equipment trust certificates of
railroads, and $2,750,000 equipment trust certificates of a railroad and
of its receivers).
Under section 5d of the Reconstruction Finance Corporation Act,
a.s amended, the Corporation made 279 authorizations to business
enterprises. These authorizations, together with increases in authorizations previously made, aggregated $13,549,504.63, as follows:
Loans, $10,906,770.81 (including $296,580.42 of participations sold,
or to be sold); and purchases of participations and agreements to
purchase participations, $2,642,733.82.
Under the act approved June 25, 1940, amending section 5d of
the Reconstruction Finance Corporation Act, the Corporation authorized two purchases of capital stock of corporations created by the
Reconstruction Finance Corporation to aid the Government of the
United States in its national d efense program , aggregating $2 ,000,000.
Under section 5d of the Reconstruction Finance Corporation Act,
as amended, 24 loans to public agencies to aid in financing projects
authorized under Federal, State, or municipal la,v were authorized.
These loans, together with increases in loans previously authorizPd,
lggregated $58,903,000.
1
2
QuARTERLY REPORT OF RECONSTRUCTION FINANCE CORPORATION
l~ ncler section 5e of the Reconstruction Finance Corporation ...-\.ct,
as amended, three loans on the assets of closed banks were authorized.
These loans, together ,vith an increase in a loan previously authorized .
,
aggregated $145,087.71.
Under section 304, title III, of the act approved l\1arch 9 1933 aE
an1ended, the Corporation made eight authorizations, aggregating
$:33,613,000, as follows: A loan on the preferred stock of a bank and
trust company, in the amount of $30,000,000; and subscriptions for preferred stock of banks and trust companies, $3,613,000.
Under section 36, title II, of the Emergency Farm Mortgage Act oi
1933, as amended, 29 loans to or for the benefit of drainage, levee
irrigation, and similar districts, aggregating $1,863,831.36, wer~
authorized.
Under section 14 of the act approve-cl June 19, 1934, as amended,
empowers the Corporation to make mining loans, etc.,. three
.
. which
loans, aggregating $631,000, were authorized.
Under the act approved August 24, 1935, one loan to a tax-supported public-school district in the an1ount of $110,000 ,vas authorized.
Summarizing the foregoing, 373 authorizations ,vere made during
the second quartBr of 1940. These, together \\;-ith increases in authorizations previously made, aggregated $155,530,296.33. Cancelation~
or withdrawals of authorizations, made during the second quarter and
previously, aggregated $15,930,299.58.
Disbursements during the second quarter of 1940 were $109,003,617.08; and repay1nents and other reductions, $93,041,592.43. The
increase in the a1nount outstanding on June 30, 1940, as compared
v.rith March 31, 1940, was $15,962,024.65.
OPERATIONS-FEBRUARY 2, 19'32,- TO JUNE 30, 1940, INCLUSIVE
During the entire period from the organization of the Corporatiion
on February 2, 1932, to June 30,, 19;40, inclusive, the following were
authorized:
Under section 5 of the Reconstruction Finance Corporation Actr a~
amended, 19,811 authorizations to 9,208 institutions, aggregating
$5 005,932,023.09, were made, as follows: $2,464,438,291.42 to 7,,34,
ba~ks and trust companies (including $1,129,483,630.34 to aid in th(
reorganization or liquidation of closed banks); $161,600,137.75 to
1 078 building and loan associations (including $2'5,306, 79·6. l 9 to re•
c~ivers of closed building and loan associations); $104,439~750.19 tc
133 insurance companies; $772,581,146.75 (including $731,222'.58 oJ
participations sold, or to be sold) to 430 mortgage loan companies
$642 967 .80 to 7 credit unions; $399,636,000 to 12 Federal land bank~
(incl~ding $193,618,000 representing refinancing of loans previousl:J
made by the Corporation to Federal land banks for different individua:
amounts, but in the same aggregate amount); $31,393,359.13 to 2,
joint-stock land banks; $9,250,000 to 8 Federal intermediate credi1
banks; $6,120,867.59 to 20 agricultural credit corporations; $178,840,:
452.48 (rediscounts) to 12 regional agricultural credit corporations anc
their branches; $14,511,327.88 to 19 livestock credit corporations
$848,554,216.95 to 85 railroads [including $17,032,173.95 to trustees
of railroads; $18,946,708 to railroad receivers; $131,760,900 to purchase obligations of railroads (consisting of $49,039,000 equipment•
trust certificates of railroads, $32,047,000 equipment-trust certificateE
,U ARTERLY REPORT OF RECONSTRUCTIO~ FI:XA~CE CORPORATION
3
f railroads and of their receivers or trustees, $7,000,000 collateral
rust certificates of a railroad and of its trustees, and $43,674,900 of
ther obligations of railroads); and $5,350,000 representing guaranty
f notes of railroads]; $26,089.27 to 7 processors or distributors t.o
ay processing taxes; $13,087,715.88 to a State fund created for the
urpose of insuring repayment of deposits of public moneys; and
809,700 to 22 borro,vers engaged in the fishing industry.
Under section 5c of the Reconstruction Finance Corporation .,A.ct,
s amended, five subscriptions for capital stock of three mortgage loan
ompanies, aggregating $37,250,000, were authorized.
Under section 5d of the Reconstruction Finance Corporation . A.rt,
s amended, 9,032 authorizations to 7,629 business enterprises, aggreating $416,354,353.28, were made as follo,vs: Loans in the amount of
316,677,329.79 (including $11,166,156.60 of participations sold, or to
e sold) to 5,839 business enterprises; and purchases of participations
nd agreements to purchase participations in the amount of $99,677 .23 .49 (including $23,878 of participa.tions sold, or to be sold) in loans
) 1,790 business enterprises.
Under the act approved June 25, 1940, amending section 5d of the
~econstruction Finance Corporation . ..'-\.ct, two purchases of capital
cock of corporations created by the Reconstruction Finance Corporalon to aid the Governm.ent of the United States in its national defense
rogram, aggregating $2,000,000, were authorized.
Under section 5d of the Reconstruction Finance Corporation Act,
s amended, 159 loans, aggregating $211,973,827.81, to 139 rublic
gencies to aid in financing projects authorized under Federal, St2te,
r municipal law were authorized.
.
Under section 5e of the Reconstruction Finance Corporation ~!\.ct,
s amended, 212 loans, aggregating $91,780,051.86 (including $7 4 .32. 90 of participations sold, or to be sold), on the assets of 194 closed
anks and trust companies were authorized.
Under the Emergency Relief and Construction Act of 1932, as
mended, 844 authorizations to 338 applicants, aggregating $2,499 ~62,143.31, were made as follows: Under section 1, title I, $300,000,000
ras made available to 42 States and 2 Territories for purposes of
~lief and work relief; under section 201 (a), title II, as amended, loans
r contracts aggregating $400,092,487.36 were authorized to 176
pplicants for self-liquidating projects, and loans aggregating $10,450 ~32.20 were authorized to 6 applicants for financing the repair or
econstruction of buildings damaged by earthquake, fire, tornado, or
yclone in 1933; under section 201 (c), title II, authorizations aggreating $98,445,245.68 were made to 6 applicants for the purpose of
nancing sales in foreign markets of agricultural surpluses; and under
ection 201 (d), title II, loans aggregating $1,690,774,178.07 were
uthorized to 106 applicants to aid in financing the carrying and
rderly marketing of agricultural commodities and livestock, produced
1 the United States (including authorizations of $1,604,712,664.99 to
lie Commodity Credit Corporation).
Under section 304, title III, of the act approved March 9, 1933, as
mended, 8,695 loans on and subscriptions for pref erred stock, and
urchases of capital notes or debentures, of 6,866 banks and trust
ompanies, aggregating $1,440,987,189, were authorized, as follo-\vs:
,122 loans secured by pref erred stock of banks and trust companies,
53,098,525.76; 4,434 subscriptions for preferred stock of banks and
1
4
QUARTERLY REPORT OF RECONSTRUCTION FINANCE CORPORATIOJS
trust companies, $954,073,313.24; and 3,139 purchases of capita
notes or debentures of banks and trust companies, $433,815,350.
Under section 5, title I, of the Agricultural Adjustment Act of 1933
as amended, 2 loans to the Secretary of Agriculture to acquire cotton
aggregating $23,500,000, were authorized. Of this amount $20,200,00(
was canceled.
Under section 36, title II, of the Emergency Farm Mortgage Ac·
of 1933, as amended, 1,184 loans to or for the benefit of 651 drainage
levee, irrigation, and similar districts, aggregating $140,556,508.39
were authorized.
Under section 1 of the act approved June 10, 1933, as amended, J
subscription for, and 12 loans on, the preferred stock of 10 insuranrn
companies, aggregating $34,475,000, were authorized, as follows
Loans secured by preferred stock of 9 insurance companies, $34,375,
000; and a subscription for pref erred stock of 1 insurance company
$100,000.
Under the act approved April 13, 1934, as amended, 705 loans t<
66 7 borrowers to finance the repair of damage by earthquake, flood
or other catastrophe, aggregating $5,734,288.75 (including $7,400 o:
participations authorized to be sold), were authorized.
Unde,r section 14 of the act approved June 19, 1934, as amended
162 loans to 133 borrowers engaged in the business of mining, milling
or smelting of ores, etc., aggregating $15,173,100, were authorized.
Under section 16 of the act approved June 19, 1934, as amended
one loan of $22,500,000 for the purpose of payment of teachers
salaries was authorized. Of this amount $200,000 was canceled.
Under the act approve,d August 24, 1935, 33 loans to 31 taxsupported public-school districts or other similar public-school authorities in charge of public schools, aggregating $2,797,050, were authorized.
Summarizing the foregoing, authorizations aggregating $9,950,775,
535.49 ,vere made during the period from February 2, 1932, to Jun,
30, 1940, inclusive. Of this amount, $2,194,040,972.93 was late1
withdrawn or canceled, and $7,427,527,729.50 was disbursed. Repay•
ments and other reductions amounted to $5,792,272,661.78, of whicl
$282,825,766.70 represents cancelation of the Corporation's notes
pursuant to the provisions of the act approved February 24, 1938
equivalent to the balance of the amounts disbursed for relief and wor1
relie,£ under title I of the Emergency Relief and Construction Act o:
1932, as amended. This left $1,635,255,067.72 outstanding on the
books of the Corporation at the close of June 30, 1940.
In addition, the Corporation had outstanding on June 30, 1940
ao-reements to make authorizations, totaling $478,852,041.67, upor
the performance of specified conditions.
SECURITIES PURCHASED FROM PUBLIC WORKS ADMINISTRATION, FEDERAl
WORKS AGENCY
Under the Emergency Appropriation Act, fiscal year 1935, approve<:
June 19 1934 and the Public Works Administration Extension Ac1
of 1937,' appr~ved June 29, 1937, the Corporation during the second
quarter of 1940, agreed to purchase $2,142,500 net face amount o:
[JARTERLY REPORT OF RECONSTRUCTION FINANCE CORPORATION
5
larketable securities from the Public Works Administration, Federal
Torks Agency (formerly Federal Emergency Administration of
ublic Works).
From June 19, 1934, to June 30, 1940, inclusive, securities having
par value of $661,007,248.90 were purchased fro1n the Administraon. Of this amount, securities having a par value of $494,664,170.72
ere sold at a premium of $13,919,676.79 (including securities having
par value of $66,155,174.30 sold to issuers prior to maturity at a
~emium of $376,668.14). Securities having a par value of $135,612,>8.28 were held at the close of business June 30, 1940. In addition,
le Corporation had agreed to purchase, to be held and collected or
ild at a later date, such part of securities having an aggregate par
tlue of $18,441,000 as the Administration is in a position to deliver
om time to time.
PAYMENTS TO THE FEDERAL HOUSING ADMINISTRATOR
Under section 4, title I, of the National Housing Act approved
1ne 27, 1934, the Corporation during the second quarter of 1940,
tid $1,640,306.25 to the Federal Housing Administrator. This made
total of $81,186,380.80 so paid through June 30, 1940.
)ANS BY DIRECTION OF CONGRESS TO THE SECRETARY OF AGRICULTURE
Under the Department of Agriculture Appropriation Act, 1941,
le Corporation, during the second quarter of 1940, authorized a loan
~ $50,000,000 to the Secretary of Agriculture to enable him to carry
.to effect the provisions of title I of the Bankhead-Jones Farm
enant Act, approved July 22, 1937.
Under the Emergency Relief Appropriation Act, fiscal year 1941,
te Corporation, during the second quarter of 1940, authorized a loan
: $125,000,000 to the Secretary of Agriculture in order to furnish
im with additional funds for the purpose of making rural rehabilitaon loans to needy farmers.
NOTES OF THE RECONSTRUCTION FINANCE CORPORATION
During the second quarter of 1940, the CorporationSold $200,000 series P notes; and $12,802,395.96 series Q-2 notes.
Pursuant to the provisions of the act approved February 24, 1938,
1e Secrett1,ry of the Treasury canceled the Corporation's series Q-2
Dtes to the extent of $5,802,39.5.96, for disbursements for allocations
, other governmental agencies.
As of June 30, 1940, there were oustanding $1,103,357,000 of the
orporation's notes, as follows:
1
Series
Series
Series
Series
Series
N _____________________________________ _ $211,460,000
P _ ___ ___ _ ____________________________ _
298,939,000
Q-2- __________ .. ________________ - -- - - - - 7,000,000
R ______________________________________ _ 310,090,000
S _______ . ________________________ ·- _____ _
275,868,000
TotaL _________. ____________________________ 1,103,357,000
6
QUARTERLY REPORT OF RECONS'l'RUCTION· FINANCE CORPORA.TIO]
TABLES
The following tables are attached:
Table 1. Aggregate loan and other authorizations, purchases of securities frm
Public ,,T orks Ad1ninistration, and allocation5 and loans to other government~
agencies by direction of Congress, b:v classes, from February 2, 1932, to Jun
30, 1940, inclusive 1 and commit1nents outstanding, by classes, as of June 3(
1940.
Table 2. Aggregate loan and other authorizations, by classes. during the secon
quarter of 1910.
Table 3. Nu1nbPr of authorizations, and number of new borrowers, etc., to whic
authorizations were made, by States, during the second quarter of 1940.
Table 4. I\ urn.her of authorizations and borrowers, to which authorizations we1
n1ade; and a1rount of authorizations, withdrawals or cancelat.ions, disburs1
1nents, and amount outstanding, irorn. February 2, 1932, to June 30, 1941
inclusive, by States.
Table 5. Loan and other authorizations, by character of loans, etc., from Februa1
2, 1932, to .June 30, 1940, inclusive.
Table 6. Total loan and other authorizations from February 2, 1932, to June 3
HMO, inclusiYe, by months.
Table 7. Loans to aid in the reorganizat;on or liquidation of closed banks an
trust companies from February 2, 1932, to June 30, 1940, inclusive, by Stat1
(includes loans to receivers, liquidating agent.s and conservators, and loa1
through 1nortgage 102.n c01npanies and through a livestock credit corporatic
to aid in the reorganization or liquidation of closed banks, under sec. 5 of tl
Reconstruction Finance Corporation Act, as an1ended and loans on the asse
of closed banks and trust c01npanies undE;r sec. 5e of the Reconstruction Finarn
CorporaJion Act, as a1nended).
Table 8. Loans on and purchases of preferred stock, and purchases of capit
notes or debentures, of banks and trust con1panies, disbursed from March
1933, to June 30, 1940, inclusive; and outstanding as of June 30, 1940 (und,
sec. 304, title III, of the act approved March 9, 1933, as a1nended).
Table 9. Loans authorized (and commitments outstanding as of June 30, 1941
to business enterprises, from February 2, 1932, to June 30, 1940, inclusive, t
size of loans (includes loans and participations, and commitments outstandin
under sec. 5d of the Reconstruction Finance Corporation Act, as an1endei
loans to borrovvers engaged in the fishing industry under sec. 5 of the Recoi
struction Finance Corporation Act, as a1nended; and loans to business ente
prises through banks and 1nortgage loan con1panies under sec. 5 of the Reco1
struction Finance Corporation Act, as arnended).
Table 10. Nu1nber of business borrowers to which authorizations were made; ar
an1ounts authorized, etc., from February 2, 1932, to June 30, 1940, inclusiv
by industries (includes loans and participations, and co1nmit1nents outstandin
under sec. 5d of the Reconstruction Finance Corporation Act, as amendei
loans to borrowers engaged in the fishing industry under sec. 5 of the Reco1
struction Finance Corporation Act, as amended; and loans to business ente
prises through banks and mortgage loan companies under sec. 5 of the RecoJ
struction Finance Corporation Act, as amended).
Table 11. Part /.-Loans on self-liquidating projects by types of project (und
sec. 201 (a), title II, of the Emergency Relief and Construction Act of 1932, :
an1ended) fron1 July 21, 1932, to June 30, 1940, inclusive.
Part I /.-Loans to public agencies to aid in financing projects authorizf
under Federal, State, or 1nunicipal law by types of project (under sec. f
of the Reconstruction Finance Corporation Act, as arnended) from Ap1
13, 1938, to June 30, 1940, inclusive.
.
Table 12. Number of banks and trust companies to which loans were authorize
and an1ount authorized, under section 5 of the Reconstruction Finance Corp
ration Act, as a1nended, by size of cities or towns, from February 2, 1932, 1
June 30, 1940, inclusive.
·
Table 13. Names and con1pensation of directors, officers, a.nd employees of tl
1
1
2UARTERLY REPORT OF RECONSTRUCTION FINANCE CORPORATION
7
Reconstruction Finance Corporation receiving from the Corporation more than
$400 per month, as of June 30, 1940.
fable 14. ~tatement of cash receipts and expenditures January 1, 1940, to June
30, 1940, inclusive (Corporation's accounts with Treasurer of United States).
fable 15. Statement of condition as of the close of business June 30, 1940.
Respectfully,
EMIL ScHRAM, Chairman.
GEORGE
CooKsEY, Secretary.
R.
263231-40-2
!.-Aggregate loan and other authorizations, purchases of securities froni Public lVorks Adrninistration, and allocations and loans to
other governmental agencies by direction of Congress, by classes, from Feb. 2, 193.2, to June 30, 1940, inclusive, and commitments outstanding,
by classes, as of June 30, 194-D
TABLE
PART 1. LOAN AND OTHER AUTHORIZATIONS
Withdrawals or
cancelations
Authorizations
Loans under sec. 5 of the Reconstruction Finance Corporation Act, as
amended:
Banks and trust companies:
Receivers, liquidating agents and conservators ______________________ _
Other 2_____________________________________________________________ _
Total, banks and trust companies
2 _______________________________ _
Building and Joan associations:
Receivers ___________________________________________________________ _
Other _______________________________________________________________ _
,0
q
Repayments and
other reductions 1
Disbursements
Outstanding as of
June 30, 1940
$1,129,483,630.34
1, 334, 954, 661. 08
$281, 647, 411. 9,5
196, 5,55, 755. 53
$844, 7.53, 818. :m
1,138,348, 280.'12
$822, 214, 361. 00
1,073,126,841.18
$22, 539, 4,57. 39
65,221,439.44
2,464,438,291.42
=======I
478,203,167.48
1,983,102,099.01
1,895,341,202.18
87,760,896.83
22, 352, 231. 92
12,647,942.76
2,954,564.27
119,027,465.93
2,534,683.76
115, 100, 128. 17
419,880.51
3,927,337.76
117,634,811.93
4,347,218.27
25,306,796.19
136, 293, 341. 56
Total, building and loan associations ______________________________ _
I
3,5, 000, 174. 68
161,600,137.75
=
=
=
=
=
=
=
Insurance companies ____________________________________________________ _
104,439,750.19
13,746,540.38
=======I
Mortgage loan companies:
To aid in the reorganization or liquidation of closed banks __________ _
122.299,023.96
18,982.262. 63
To business enterprises. ____________________________________________ _
16,422,275.00
10,720,439.85
To The RFC Mortgage Co _________________________________________ _
143, 368, 261. 03 -------------------To Federal National Mortgage Association _________________________ _
133,962,793.11 -------------------Other _______________________________________________________________ _
356,528,793.65
103.924,045 43
Total, mortgage loan companies __________________________________ _
772,581,146.75
133,626,747.91
Credit unions ___________________________________________________________ _I = = = = = = =
42,872.01
642,967.80
Federal land banks _____________________________________________________ _
a 399, 636, 000. 00
12,400,000.00
Joint-stock land banks __________________________________________________ _
31,393,359.13
6,655,129.06
Federal intermediate credit banks ______________________________________ _
9,250,000.00 -------------------Agricultural credit corporations _________________________________________ _
6,120,867.59
477,249.37
Regional agricultural credit corporations ________________________________ _
178,840,452.48
5, 596, 811. 76
Livestock credit corporations ___________________________________________ _
14, 511, 327. 88
1, 539, 729. 19
Railroads:
Loans-receivers and trustees _______________________________________ _
35, 978, 881. 95
Loans-other _______________________________________________________ _
675,464,435.00
Purchases of securities:
39,047,000.00
Receivers
and trustees.---~--------------------------------------_
Other
___________________________________________________________
4 92, 713, 900. 00
Guaranties __________________________________________________________ _
5 5, 350, 000. 00
Total,railroads ___________________________________________________ _1---848,554,216.~5
121, 982, o3o. 20
I
1
90,693,209.81
2,331,326.93
88,361,882.88
'
103, 316, 761. 33
5,701,835.15
135,143,295.63
101,697,085.32
242,609,225.01
588,468,202.44
3
600,095.79
387,236,000.00
24,666,880.20
9,250,000.00
5,643,618.22
173,243,640.72
12, 971, .598. 69
89,579,539.84
5, 045, 491. 12
101,093,474.4.5
38, 834, 2.37. 65
207,964,609.13
442,517,352.19
3
13, 737, 221. 49
656,344.03
34, 049, 821. 18
62,862,847.67
34,644,615.88
145,950,850.25
58,5, 434. 21
14,661.58
387,236,000.00 ~------------------3, 714, 745. 22
20,952,134.98
9,250,000.00 -------------------43,914.39
5,599,703.83
173,243,640.72 -------------------12,071,598.69 -------------------7, 942, 431. 00
196,903,027.06
11,264,800.00
38,530,800.00
39,594,600.00
88,960,300.00
-------------------- -------------------- -------------------255,704,858.06
731,561,064.26
106,966,755.89
27,266,000.00
49,365,700.00
8,200.00
553,600.00
!:,j
trj
.r-d
0
!:,j
H
0
1-zj
~
0
0
z
[fl
27,191,659.95
372,032,846.25
844,791.00
105,560,164.89
00
35,134,090.95
568,935,873.31
-------------------475,856,206.20
r-3
!:,j
q
0
H
~
0
z
....~
z
>
~
0
tz:j
0
0
~
~
~
0-
Processors, or distributors su bJect to processing taxes ____________________ _
State runds created for the purpose of insuring repayment of deposits of
public moneys _______________________________________________________ _
Borrowers engaged in the fishing industry ______________________________ _
26,089.Zl
11, 371,21
14,718.06
13,087,715.88
809,700.00
23,084.70
90,025.00
13,064, 631. 18
719,675.00
Total,
sec. _________________________________________________
5 of the Reconstruction Finance Corporation
Act, as _
amended
___________
5,005,932,023.09
794,379,658.64
4,143,217,463.58
Suhscriptions for stock of mortgage Joan companies under sec. 5c of the
Reconstruction Finance Corporation Act, as amended:
'I'he RFC Mort~age Co _________ ____ ---------------------------- -- -----Federal National Mortgage Association __________________________ ------ __
Other ___________________________________________________________________ _
14,718.06
--------------------
13, 064, 6.'H. 18 ------------------ - 653,968. 89
6.5, 706. 11
3,423,131,937.80
-
720,085,525.78
25,000,000.00 ----------- --------25,000,000.00 ------------------- 2,5, 000, 000. 00
11,000,000.00 ------------ - - - ----11,000,000.00 -- -----------------11, 000, 000. 00
1,250,000.00
1,250,000.00 - -------- -- -- - - - - - - ------ - ---- - --- ·· --- - - - -------------- ·- ·· -
Total, sec. 5c of the Reconstruction Finance Corporation Act, as
amended ___ __ __________________ -.- ___________________________________ _
Authorizations to business enterprises under sec. 5d of the Reconstruction
Finance Corporation Act, as amended:
Loans __________ __ - ----------------------------------------------------Purchases of participations __ ____________________________________________ _
Agreements to purchase participations __________________________________ _
6
Total, authorizations to business enterprises under sec. 5d of the Reconstruction Finance Corporation Act, as amended _________________ _
9
37,250,000.00
1,250,000.00
316, 677, 329. 79
25, 366, 023. 02
74, 311, 000. 47
84,262,809.52
9,113,249.05
35,898,819.83
202,342,606.84
15, 850, 221. 50
3,511,442.57
82,065,893.28
8, 457, 591. 38
448,827.63
120, 276, 713. 56
7,392,630.12
3, 062, 611. 94
416, 354, 353. 28
129,274,878.40
221,704,270.91
90,972,312.29
130,731,958.62
7
8
Purchases of capital stock of corporations created by the Reconstruction
Finance Corporation to aid in national defense, under sec. 5d of the Reconstruction Finance Corporation Act, as amended ___________________________ _
.
36,000,000.00 ------ ------------- -
36,000,000.00
2,000,000.00 ---- - - - ---- ------- -- ------------------ -· -------------------- -- ---------- -----------
----
Loans to puhlic agpncies under sec. 5d of the Reconstruction Finance Corporation Art, as amended ______________________________________________ ___ _
i
211, 973, 827. 81
12,672,367.40
112, 407, 760. 41
91, 780, 051. 86
34,383,826.80
400,092,487.36
l
77,101,092.05
35.306,668.36
47,262,446.6-1
44,045,632.85
3,216,813.79
32,152,846.08
327,685, 641. 28
307,953,376.04
19, 732, '.?65. 24
10,450,232.20
1, 921, 124. 10
8, 529, 108. 10
8,346.328.61
182,779.49
98. 445, 245. 68
46,146,368.56
47,298,877.12
47, 2,51, 981. 13
46. 89,5. 99
Total, sec. 201 (d), title II _________________________________________ _
1,604, 712,664_99
86,061,513.08
1,690,774,178.07
836,995,702.78
66, 367. 021. 30
903,362,724.08
767, 716, 962. 21
19, 644, 491. 78
787, 361, 453. 99
Amounts made available for relief and work relief, sec. 1, title L ________ _
Total, Emergency Relief and Construction Act of 1932, as amended ___ _
300, 000,000.00
2,499.762, 143.31
15. 001. 00
983,598,063.82
299,984,999.00
1,470,860,079.49
-·
Loans on the asset~ of closed banks and trust companies under sec. 5e of the
Reconstruction Finance Corporation Act, as amended ___ _______________ - _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 ------ - ------------- - ------ --- -Authorizations for financing exports of agricultural surpluses, sec. 201 (c),
title II ______ _ _______ _________ ___ __ : _____ _________ ____________ ___ _____ _
Loans for financing of agricultural commodities and livestock, sec. 201 (d),
titlr II:
Commodity Credit Corporation ____________________________________ _
Other __ _____________________________________________________________ _
See footnotes at end of table.
10
-
--·
-------~-~
767,716,962.21 -------------- -----19,119,665.12
524,826.66
786,836,627. 33
524,826.66
299,984,999.00 -------------------1,450,373,312.11
20,486. 767.38
11
-
--------
TA RLE I.~-Aggregate loan and other authorizations, pttrchases of securities frorn PubUc lVorks Admfriistration, and allocations and loans lo
other governmental ag~ncies by direction of Congress, by classes, from Feb. 2, 1.932, to June 80, 1,940, inclusive, and c:onunitruents outstanding,
by classes, as of June 80, 1940-Continued
......
0
PART 1. LOAN AND OTHER AUTHORIZATIONS-Continued
Authorizations
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 comp~nies ___________
Purchases of capital notes or debentures of banks and trust companies ___
'l'otal, sec. 304, title III, of the act approved Mar. 9, 1933, as amended __
Loans under sec. 5, title I, of the Agricultural Adjustment Act of 1933, as
amended ___________________________________________________________________
Withdrawals or
cancelations
Disbursements
$53,098,525.76
954,073,313.24
433,815,350.00
1, 440. 987, 189. 00
$7,649,225.00
75,474,082.44
90,549,500.00
173,672,807.44
$45,449,300.76
847,662,230.80
343,265,850.00
1, 236, 377, 381. 56
23,500,000.00
20,200,000.00
3,300,000.00
Authorizations under sec. 1 of the act approved June 10, 1933, as amended:
Loans on preferred stock of insurance companies ______ .. __________________
34,375,000.00 -------------------Subscription for preferred stock of an insurance company ________________
100,000.00 -------------------Total, sec. 1 of the act approved June 10, 1933, as amended _____________
34,475,000.00 ------------- - --- Loans to or for the benefit of drainage, levee, irrigation, and similar districts
under sec. 36, title II, of the Emergency Farm Mortgage Act of 1933, as
amended _____________________________________ ----------------------------140,556,508.39
32,144,728.90
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 _______________________________________________________________ .. ___
5,734,288.75
2, 260, 341. 53
Loans to borrowers engaged in the mining, milling, or smelting of ores, under
sec. 14 of the act approved June 19, 1934, as amended _______________________
15,173,100.00
8,382,000.00
Loan to a public-school authority for payment of teachers' salaries due prior
to June 1, 1934, under sec. 16 of the act approved June 19, 193i, as amended __
22,500,000.00
200,000.00
Loans to or for the benefit of tax-supported public-school districts or other
similar public-school authorities in charge of public schools, under the act
approved Aug. 24, 1935 _____________________________________________________
2,797,050.00
1,622,300.00
Grand total, part I (loan and other authorizations)12 _____________________ 129,950,775,535.49
2,194,040,972.93
.
Repayments aI¥I
other reductions 1
f3
$14, 464, 801.
406,6~6,997. 8
240, 737, 331. ?7
661,819,130.28
$30,984,498.93
441,045,233.62
102,528,518.73
574, 558, 251. 28
Grand total. part IL ________________________________________________________ -----------
0
~
1-3
0
25,950,017.22
100,000.00
26,050,017.22
0
0
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~
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89,612,795.29
6,016,735.76
83,596,059.53
'
1-3
~
0
3,473,947.22
2,290,828.91
1,183,118.31
0
5,971,409.40
2,488,696.~5
3, 482, 712. 45
0
22,300,000.00
22,300,000.00
--------------------
1-3
1-4
z
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1-4
12
565,175.00
8,000.QO
7, 427, 527, 729. 50 12 13 5,792,272,661. 78
557,175.00
12 1,635, 255, 067. 72
Amount withdrawn or canceled
Amount disbursed (purchased)
z
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PART II.-PuRCHASES OF SECURITIES FROM PUBLIC WORKS ADMINISTRATION
Amount of purchases authorized
~
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3,300,000.(!0 --------------------
34,375,000.00
8,424,982.78
100,000.00 -----------·--------34,475,000.00
8, 424, 982. o/8
.
Outstanding as of
June 30, 1940
Amount of repayIJ.lents aµd
other reductfons 1
8
Amount outstanding as of
June 30, 1940
~
~
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$677,873,629.49
$34,425,000.00
$625,007,629.49
$513,942,94~.51
$111,064,680.98
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Amount allocated
Allocations for direct relief:
Under Federal Emergency Relief Act of 1933 ____________________________________________________________________________________ __ ____ _
Under Emergency Appropriation Act, fisaal year 1935 _________________________________________________________________________________ _
Under Emergency Relief Appropriation Act, 1935 _____________________________________ ~- ______________________________________________ ..
$500,000,000.00
500,000,000.00
500,000,000.00
Total, allocations for direct relief.._ ___________________________________________________________________________________________________
101,500,000,000.00
~
Amount disbursed
15
16
$499, 999, 065. 72
500,000,000.00
500,000,000.00
1,499,999,065.72
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Other allocations:
Secretary of Agriculture for crop loans _______ ______________________ ___________________________________________________________________ _
115,000,000.00
Capital of regional agricultural credit corporations (reallocated from amount originally:.allocated to Secretary of Agriculture) __________ _
44,500,000.00
40,500,000.00
Governor of Farm Credit Administration (reallocated from amount originally allocated to Secretary of Agriculture) ___________________ _
----Total originally allocated to Secretary of Agriculture for crop loans ___________________________________________________________________ __
200,000,000.00
115,000,000.00
44,500,000.00
1-3
40, 500, 000. 00
"rj
200,000,000.00
========I========
Regional agricultural credit corporation:; for expenses prior to May 27, 1933 _______ ___ ________________ ____·______________________________ _
3,108,278.64
3, 108,278.64
Regional agricultural credit corporations for expenses since May 26, 1933 _______________________ ___ ___________________________________ __
14,176,602.92
.14, 842, 500. 00
Secretary of the Treasury to pay for capital of Federal home loan banks __ _____________________ __ ___________ ________________ ________ ___ _
124,741,000.00
124,741,000.00
Land Bank Commissioner to make loans to joint-stock land banks _______________ _____ . .: ____________________ __ __________ ________ ______ __
u 2,600,000.00
100,000,000.00
Land Bank Commissioner to make loans to farmers ($200,000,000 original allocation reduced by reallocation to Federal Farm Mortgage
145,000.000.00
145,000,000.00
C'orporation) __ _________ ___ ___________ ~--------------------------------------------------- ---------------------------------- ---------Federal
Farm
Mortgage
Corporation
to
make
loans
to
farmers
(reallocated
from
$200,000,000
originally
allocated
to
Land
Bank
Comn1issior1er) _____ __ _____ ______________ _____ __________ ______________ _______ __ __________________________________________________________ _
55,000,000.00
55,000,000.00
Secretary of the Treasury to pay for capital of Home Owners' Loan Corporation _______________ __________________________ ____ _________ _
200,000,000.00
200,000,000. 00
81,186,380.80
Federal Housing Administrator (amount stated is amount disbursed ; total allocation not limited to specific amount) ___________ ______ __
81,186,380.80
Commodity Credit Corporation-purchase of stock_. ____ ______ . _____ _____ __ _____________________ ________ __________________ ____ ____ ___ __
97,000,000.00
97,000,000.00
Disastrr 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) ____________________ ______________________ __ __________ __
Loans:
Rural Electrification Administration 12 _____________________________________ ·------------------- - ---------- - ---------------- - ----------Secretary of Agriculture:
Farm rehabilitation _______________ _____________ ______________________ ___ ________________________________________________ ________ ___
Farm ten an ts ______________________________________________________________________________________________________________________
Tot.al, loans __ _____ _____ ____ ______________________________________________________________________________________________________
Administrative expense-regional agricultural credit corporations________ ____ ___ ______ ______________________ ____________________ ___________
Administra.tiYe expense-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__________ __ ____________________________________________________________
See foot.not.es at ent.l of ta.hie.
0
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24,000,000.00
1,044,878,159.44
946,812,262.36
z
146, 500, 000. 00
0
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146,500,000.00
12
321, 500, 000. 00
116,186.58
126,871.85
33,177,419.82
2, 899,798,637: 69
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0
0
125, 000, 000. 00
50, 000, 000. 00
~
146, 500. 000. 00
116,186. ,58
126,871.85
33,177,419.82
1 - - - - - - - -1- - - - - - - -
<lranct total, part TIL_ __ _________________________________________________________________ _____ __ ____ ___ ______________ ______________ __
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24,000,000.00
--------
'l'otal, other allocations ________________________________________ __________ ___ _________________ ___________________________________ __ _
0
2, 626,731,806. 33
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..,._
I.-Aggregate loan and other authorizations, purchases of securit£es from Public. vVorks .Admin·i stration, and allocations and loans to
other governmental agencies by direction of Congress, by classes, from Feb. 2, 1932, to June 30, 1940, inclusive, and commitments outstanding
'
by classes, as of June 30, 1940-Continued
TABLE
PART IV.-COMMITMENTS OUTSTANDING AS OF JUNE 30, 1940
(Conditional agreements to make loans, or other authorizations, upon the performance of specified conditions)
Amount of
commitments
outsta.nding
Under sec. 5 of the Reconstruction Finance Corporation Act, as amended:
Bank and trust company _________________ - _____ - -_----------- --------- --- --- ---- -- ---- -------- ---------- -- ---- ---- ---- -- ---- -- _- _--- ____________________________ _
$148,800.00
Mortgage loan companies:
The RFC Mortgage CompanY------- -- --------------- -- -- ------ ---------- -- -- -----~------------------ ------ -- ---- --------- ---- -------- -------------- -- --- -- 30,000,000. 00
8,600,000.00
Other ______________________________________________________________________________________________________________________________________________________
__ -------------------------------------------------------------------------------------------------- --------------------------------------------------_
Railroads
134,525,675. 00
Under sec. 5d of the Reconstruction Finance Corporation Act, as amended:
Loans to business enterprises (including purchases of securities) ___________________ _______ _____________________ ____ _________ _______________________ __ __ _________ _ I 7 43, 536, 025. 00
Purchase of a participation in a loan to a business enterprise ___________________ __ _________________________ __ _________ ______ _____________________________________ _
2,500,000.00
Agreements to purchase participations in loans to business enterprises __________________________________________________________________________________________ _ 18 12,322,666.67
National defense-loans ____________________________________________________________ ______ ____________________ _____ __ __ ________ _________________ ___ _____________ _ 165,015,000.00
National defense-purchase of capital stock ____________________________________________________________________________ ___________________ ______ _____ __ _________ _
8,000,000.00
Loans to public agencies ________________________ - __ __ __ - . -_- -- --- _---- - -_- --- --- --- --- ----- --- --. -- ----- ------ -- . -- -- _- -- _- -- ____ ______________________________ __ 14,609,875.00
Loans for financing exports of agricultural surpluses, under sec. 201 (c), title II, of the Emergency Relief and Construction Act of 1932 ___________ ______________________ _
2,000,000.00
Under sec. 304, title III, of the act approved Mar. 9, 1933, as amended:
Loans secured by preferred stock of banks and trust companies _________________________________________________________________________________________________ _
138,000.00
Purchase of de ben tu res of a bank _____ __ _____ __ __ __ ___________ ___ ______ _____ _____ _____ ___________ . __ ___ ___ ______ ______________________ __ __ __________ ______ _____ __
30,000.00
Loans to irrigation and drainage districts, under the Emergency Farm Mortgage Act of 1933, as amend('d ___ ____________________ . . __ _. . __ ____ . . _. _. _. _______ . _. __ ___
1,300,000.00
Grand total, part IV (commitments outstanding as of June 30, 1940) . __________________________________ ___________________________________ _______ __ ____________ 422,726,041.67
SUMMARY OF TABLE I
Amount of authorizations, allocations, and
commitments
outstanding
Amount of withdrawals or cancelations
Amount of disbursements
Amount of repayments and other
reductions 1
Amount outstanding as of June
30, 1940
Part I.-Loan and other authorizations ________________ _____________________ _ $9,950,775,535.49
$2,194,040,972.93
$7,427,527, 729,50
$5,792,272,661.78
$1,635,255,067.72
34,425,000.00
677,873,629.49
625,007,629.49
513,942,948.51
Part IL-Purchases of securities from Public Works Administration ________ _
lll, 064, 680. 98
Part
III.~Allocations
and
loans
to
other
governmental
agencies
by
dirertion
of Congress _______________________________________________________________ _ 2,899,798,637.69
12146,497,574.54
97,400,000.00
2,626,731,806.33 12 l9 2,480,234,231. 79
--Tota} _________________________________________________________________ _ 13,528,447,802.67
1,892,817,323.24
2,325,865,972.93
10,679,267,165.32
8,786,449,842.08
Part IV.--'Commitments outstanding __________________________________ -----422, 726, 041. 67 --------- --- -------- ·-------- ----- ------- -- ------------------ -------------------------Grand total _____________________________________ ______________________ _ -13,951,173,844.34
1,892,817,323.24
2,325,865,972. 93
10,679,267,165.32
8,786,449,842.08
1~--~----
1 Exclustve of repaymen~ unauocatea, penmng aav1ces, as 01 J_une .1u, 1~4u.
.
.
.
.
.
.
2 Includes $167,500 authorized through banks and trust compames to busmess cnterpnses, of which $52,838.65 was withdrawn or canceled, and $114,661.35 was dtsbursed and repaid.
a 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.
.
.
.
• Does not include $4,150,000 of a note sold by the Corporation, which amount the Corporation has the right to repurchase and the purchasers the right to resell to the Corporation.
a Does not include a sale of $320,000 (principal amount) of equipment trust certificates of receivers of a railroad, which amount was sold by the Corporation with its guaranty.
& Includes $8,740,910.11 representing sales of participations authorized to banks, etc.; and also includes $2,425,246.49 representing sales of the Corporation's interest in loans, in
connection with which the Corporation authorized agreements to purchase participations in the amount of $2,312,180.55.
1 Includes $23,878 representing purchases of participations which the Corporation later sold to banks, with an agreement to repurchase.
s Does not include $2,336,058.55 representing agreements to purchase participations, in loans and participations sold, as this amount is included in loans in the amount of $2,312,180.55 and in purchases of participations in the amount of $23,878.
g In addition, $11,392,650.01 was taken by banks, etc., in loans in which the Corporation authorized purchases of participations, and $37,013,284.36 was taken by banks, etc., in
loans in which the Corporation authorized agreements to purchase participations.
10 Of this amount, $5,000,000 represents revolving credits established in October 1939, to aid in financing the exportation of cotton, and $74,290.46 represents increases by reason of
repayments in connection with the revolving credits. This authorization was eligible under sec. 201 (c) of Emergency Relief and Construction Act of 1932, and/or under sec. 5d of
Reconstruction Finance Corporation Act, as amended; but for statistical purposes it is being included in authorizations under sec. 201 (c). The Corporation has agreed to participate
with banks rmder this authorization: and of the $5,000,000 authorized, $4,500,000 represents the amount of the Corporation's agreement to participate.
11 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.
12 This authorization, which was included in table 1, part 1, of previous quarterly reports, is shown in table 1, part 3, of this report, inasmuch as the loan was authorized by direction
of Congress (under the Rural Electrification Act of 1936, as amended). Repayments on this loan amount to $2,425.46, leaving $146,497,574.54 outstanding on June 30, 1940.
13 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 halance of the
amounts disbursed for relief and work relief under title I of the Emergency Relief and Construction Act of 1932. as amended.
14 The remaining $97,400,000, authorized to the Land Bank Commissioner to make loans to joint-stock land banks, was canceled.
u Upon certification by the Federal Emergency Relief Admini~trator, under the Federal Emergency Relief Act of 1933, the Corporation disbursed $499,650,000 for relief. In addition, the Corporation disbursed $349,065.72 for expenses necessary to carry out the provision~ of the above act, makiiljg a total of $499,999,065.72 disbursed.
16 Exrlusive of amormts made available for relief and work relief under the Emergency Relief and Construction Act of 1932, as amended.
These amounts are shown in part I above.
17 lncludes $12.1,000 representing agreed participations by banks, etc.
1s Does not include a conditional agreement to purchase a 75-percent deferred participation in a loan in an undetermined amount.
1g Of this amount, $2,443,231,806.33 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 oft.h e Farm Credit Act of 1933, as amended. An additional $2,500,000 of the
foregoing revolving fund is held by the U. S. 'rreasury, such amount having been paid subsequent to the cancelation of the Corporation's notes.
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TABLE
2.-Aggregate loan and other authorizations, by classes, during the second quarter of 1940
Class
Authorizations
Withdrawals or
cancelations 1
Disbursements 1
L oans under sec. 5 of the Reconstruction Finance Corporation Act, as amended:
B anks and trust companies (including receivers, liquidating agents and conservators) ____ __ _____ __ _____ ___ __ _____ _______ ____ __ __________ _______ ____ ___ ___ ___ ___ _
3 $674, 624.93
$73, 335.32
$396,902. 92
Buildin g and loan associations (including receivers)___________________ ___ ____ ____ __
I, 113, 500. 00
55, 366. 43
1, 085, 200. 70
Insurance companies ___________ ____ ________ ______ _______ ___________ ______ ____ ______ ___ ___ _____ __ ___ ___ ______ ____ _____ ________ _____ ___ ___ __
Mortgage loan companies______ __ ____ ___ _________ __________ ______ _____ ____ __ _______
10,312,747.70
17,114.90
8,874,914.15
Credit unions----- --- --------- - ---- -- - --- - - --- - ------------------ -- - - - - - - - - ------- - - - - - -- -- - -- -- ---- ---------- --- - - - -- ------ -- - - - ----- - Joint-stock land banks_________ ______________ ________________ __________ __ __________
800,000.00
14,113.29
826,497.64
Agricultural credit corporations _____ ___ ____ ________________________ __-,._ _________________ __ __ ___ ___ ____ __________ ___ ___ __ - --- - --- - --------Railroads (including receivers and trustees)_____________________ _______ ____________
5 31, 814, 000. 00
65, 000. 00
41, 580, 603. 20
Borrowers engaged in the fishing industry _____________________________________________ ___ _________ ________________ __ ___ _____ ___________ _
Total, sec. 5 of the Reconstruction Finance Corporation Act, as amended ________
Authorizations to business enterprises under sec. 5d of the Reconstruction Finance
Corporation Act, as amended:
Loans_____ _________________________________________________________________________
Purchases of participations and agreements to purchase participations_______ ______
Total, authorizations to business enterprises under sec. 5d of the Reconstruction
Finance Corporation Act, as amended _______________________ __________________
Purchases of capital stock of corporations created by the Reconstruction Finance Cor. poration to aid in national defense, under sec. 5d of the Reconstruction Finance Corporation Act, as amended __________ ______ ____ ________ ______ _______ ___ ____ __ _____ ______ _
Loans to public agencies 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 __ ___ ___ ____ _________ ____ _______ ___ _______ _
44,714,872.63
224,929.94
=======I=======
6
Outstandingincrease for the
quarter 1
$5,100,620.53
21 I, 604. 41
90, 835.78
7,305,470.23
461. 00
434,282.12
30,414.45
33,609,697.53
123,435.12
' $4, 703,717. 61
873, 596.29
4 90,835. 78
1,569,443.92
4 461. 00
392,215.52
4 30,414.45
7,970,905.67
4 123, 435. 12
52,764,118.61
46, 906, 821. 17
5,857,297.44
10, 906, 770. 81
2, 642, 733. 82
2,571,159. 76
8,989,324.86
6,308,738.61
1,110,217.56
6,210,212.41
583,836. 92
98,526.20
526, 380. 64
13, 549, 504. 63
11,560,484.62
7, 418,956.17
6,794,049. 33
624,906.84
58,903,000.00
489,381.64
10,559,618.36
11,183, 409.32
145, 087.71
29,490.23
277,384.49
315,954.67
2,000,000. 00
Authoriza tions under the Emergency Relief and Construction Act of 1932, as amended:
Loans on self-liquidating projects, sec. 201 (a), title IL __ ___ ___ __ _____ __________ ____ _____________ ___ ___ ________________ _
2,268,000.00
Loans for financing repair of damage by earthquake, fire, tornado, or cyclone in
1933, sec. 201 (a) (6), title IL __ ____________ ____ _________ _____ ________ ___ ____ ______________________ ________________ ________ _____________ _
Loans for financing of agricultural commodities and livestock, sec. 201 (d), title IL _________________ __ ____________ ______ _________________ _
Total, Emergency Relief and Construction Act of 1932, as amended _______________________ ___ ____ ___ _____________ ___ _
2,268,000.00
I=======
Authorizations under sec. 304, title III, of the act approved Mar. 9, 1933, as amended:
Loans on preferred stock of banks and trust companies_______ _________ _____________
7 30, 000, 000. 00
2, 523, 200. 00
7 27, 476, 800. 00
Subscriptions for preferred stock of banks and trust companies_______ ______________
7 3, 613, 000. 00
99, 520. 00
77,126,000.00
Purchases of capital notes or debentures of banks and trust companies _____________ ______ _______ __ _____________ ___ ___ __
5,000.00
Total, sec. 304, title III, of the act approved Mar. 9, 1933, as amended __-.- _______ _
Repayments and
other reductions 1 2
33,613,000.00
2,622,720.00
34,607,800.00
20,194,500.00
4
4
4
3,112. 47
222,351.34
20,419,963.81
623, 790. 96
38,570.18
17, 926, 500. 00
43,112.47
4
4
222, 351. 34
18, 151, 963. 81
233,052.92
4,187,537.93
2,277,794.47
27,243,747.08
2,938,462.07
4 2, 272, 794. 47
6,698,385.32
27,909,414.68
~UDUO
v.1.1
1-'&.~•U.&&.Q'\.& ~ 11 vv...,
v.a
.a&.1gw.&a&.&""-'
vv-•••y~ .. vu ,.,,...,._"".,
U'-"V•
,..
v•
va."'·
w-v
uy-
I
pro,·ed June IO, 1933, as amended ______ ______ __~ _______ .. __________ ~ ______ __~ _::.:..::_.::..::_~.::.:..:...:.::.:..:..:. ____________________ :_- __ ~ ___ _~ ____ __ ____ -----..,....__:~· 31 l;=-=-=-===*=-•=-=2_1=,-=4-==99=·=3=1
~
~
~
Loans to or for the hl'nelit of drainag(•, leve.-, irrigation, and similar dil)triet.s
undN sec. 3{i, titlr II, of thP Emergerwy Farm Mortgaµ;e Act. of 1933, as
a1r1c nd·e<1 __ _. _________ __ _ _ _.. . __________ . ____
. ___ _. _. __ ___. .
I Loans to finance the repair of damage hy earthquake, flood, or other catas -
~
I
~
586,276.•'>9
1, 8ti3, 831. 31)
trophe in 1933, 1934, 1935, and 193H, under t.he act approved Apr. 13, 193:J, as
au1ended __ . _. ______ ______ _ ________ _______ _____ . ___ ____ . _____ ___.. ___ . . _. _______________________ _________________ ____ ____ ______ .. __ __
Loans to borrowers engaged in the rnininir, milling, or smelting of ores, under
sec.14oftheactapproved.Tunel9, 1934,asarnended_ __ ____ ________ _____ _
631,000.00
!)10,000.00
,540,970.80
Loans to or for the benefit of tax-~upported public-school districts or other
similar puh1ic-school authorities in charge of public schools, under the act
approved Au~ . 24, 1935 . . . __ __ . ___ _____ ___ _ _.. _________ ____ ___ __ ____ ____ ___
110,000.00
285,!\75.00
Grand to taL _____ ____ ___ ______ __ __ ___ __ ___ . __ ____ _____ ____ . _________ _.
s 155, 530, 296. a3
15, 930, 299. 58
109, 003, 617. OS .
4
305, 182. 94
52, 12~. 51
52,123.51
t
62,609.40
478,361.40
500.00
285,175. 00
93, 041, 592. 43
!
15,962,024.65
These amount.s apply to loans authorized prior to Apr. l, 1940, as well as to loans authorized during the second quarter of 1940.
Exclusive of repayments unallocated, pending: advices, as of Junr 30, 1940.
Loans authorized to banks and trust companies include $o2t,000 to aid in tho reor~anization or liqui,lation of closed hanks.
Drcreasc.
6 Does not include $1,150,000 of a note sold by the Corporation, which amount the Corporation has the right to repurchase and the purchasers the right to resell to the Corporation.
6 Includes $296,.~80.42 representin~ sale of participations authorized to banks, etc.
1 An authorization in the amount of $8.600 and n, di-st:>ursement in the amount of $~,mo which were includert in "subscriptions for preferred stock or hanks and trust companies"
during previous quarters, were transferred to ' ·loans on preferred stock of banks arni trust companies" during: the second quart.er of 1940. Similarly, an authorization in the amount
of $99,829.24 and a disbursement in the amount of $99,829.24 which were included in ''loans on preferred stock of banks and trust companies" during previous quarters, were transferred to "subscriptions for preferred stock of banks and trnst cornpanie3'' during the second quarter of 1910.
s Authorizations made prior to Apr. 1, HH0, we·, e rescinded rtnriug the second qua~ter of 1940, as follows: Banks and trust companies, $109,000 (to aid in the reorganization or liquidation of closed hanks); business enterprises, $227,5,"i4.50; purchases of participations and ag;reements to purchase participations in loans to business enterprises, $3~,500: a loan to a puhlic
agency, $5,000; loans to or for the benefit of drainage, levee, irrigation, and similar districts, $1,554,831.36: loans to borrowers engaged in the mining, milling, or smelting of ores
$:181,000. Such rescissions have not been deducted from the authorizations shown above for the second quarter of 1940, inasmuch as they aµnli<'d to loans authorized during previous
quarters.
1
2
3
4
16
QUARTERLY REPORT OF RECONSTRUCTIO~ FIXANCE CORPORATIO:
3.-N1.unber of authorizations, and number of new borrowers, etc., to whi<
authorizations were made, by States, during the second quarter of 1940 1
TABLE
GRAND TOTAL
II
I
I'
Number Number
new
of rmthor- ofborI
izations 2
rowers 2 j
I
State
--------- - ·- ·- - - - - - - - -·- Ala bama __ .. _.. _____ __ __ ____
Arizona ______ _.. _______ ___ ___
A rkansa-; _________ __. _____ __.. .
California _____ . __ .. __ . . _.. . . .
C'olorado __ . __ ... . _.. _. ____ . . .
Connecticut. . . .. . . . ___ ... __..
District of Columbia._ . __ _.. _
Florida._. ___ _. .. ___ . ___ .. _.. .
Georgia ____ . __ ____ ____ _. __.... _
Idaho ___ --- - -· -· ·-····--· · - ·
Illinoic: .. __ _... _. . ___ . __ .. __. _.
Indiana_._ . _. .. _.... . ___ .. _. .
Iowa .. ---- -· · · ·--- - --·-· · ·- ·
Kansas _... _. .. ... _____ . __.. . _
Kentucky . . .... . . . . __. __ .. . . .
Louisiana . ... . . _. .... . _. .... .
Maryland . . . . _. _. ... ..... __. .
Massachusetts .... _..... . ... . .
Michigan .. ...... . .. _.. ____ . __
~1 innesota ___ .. _... . ____ __ . _. .
Mississippi - ····· · - •-·-- .. . .
:l\[ issouri .. . _.... ... _. _... _. _. . .
~1ontana .... .... •- - -- ·- ---· ··Nebraska ...... · ···------- ·-·
New Hampshire . - -··- -·•· .
Kew J erst'y __ . .. . _.. ____ _.. _.
New Mexico ... __________ __ . .
New York .. ... . . --- -- ---- · · .
North Carolina_. ___. _____ . __
North Dakota .. _. .. _______ . __ _
0 h io _.. ____ . _. _. ___ _____ .. __ .
2
-
--
7
21
11
5
8
2
3
I
;3
14
16
5
11
8
8
5
l
7
1
.5
11
7
l
2
l
1
2
5
12
6
4
4
11
(j
10
4
l
19
,5
3
7
fi
I
11
4
33
l ,5
3
14
i~
12
·---
0 klahoma _.. . . .. __ ..... _... .
Oregon. __. .. .. . . . _. _.... .... _
Pennsylvania. _._ ...... __ .... .
Rhode Island ....... - -·-· ·-·· South Carolina .. ___ ___ .. . . .
Tennessee_ .. . .. _. __ ... __ .. __
Texas __ ·- -- ··- · --···----- -·- ·
Utah . ___ . __.. . _. ______ . . _.. ..
Vermont_. __. .. __. ___ .. __ . __ _
Virginia. _____ _ . _.. _. ____ .. _.
V\Cashin~t~n .- . . . . . _____ . ·-. _. .
\\' est V mnma ... __.. _.. _.. .. .
1Visconsin ____ .. . __. _.. __ .... .
·w yoming ..... . _. _..... _. . . . .
Alaska_ __ . . . __ .... _.. ___ ... .
Puerto Rico .. . ..... _. __ . _... .
9
2
7
4
Nurnhi
new
' of author- ofbor·
izations 2
rower~
I Numher
----·---·------ - ··-
2
3
3
Btate
I
I
Kans as ______ . .. . ... _. __ . _. . . .
:\1 ichigan ____ . . . .. __ ___ . __. __ .
~ew York -· ······- -· -- -- - ·· Pennsylvania. _. _. ____ __ __. __ ..
---------
4
LOANS TO BUILDING AND LOAN ASSOCIATIONS
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
· ·- ·· - ---·--- ·· ·
·
I
11
I
I
LOANS TO l\r[ORTGAGE LOAN COMPANIE:-,
[Under
Sl'C.
5 of the Reconstruction Finance Corporation Act, as amended]
Alabama. __ __ _... ____ . __ _. _. .
The RFC Mortgage Compan y ·1 ____ . _.. .. __ __ .. __ ...
TotaL _...... _. _- - . . .
1
-1---·2-
.See footnotes at end of tahle.
1
1
7
27
1
1
4
13
1
5
I
3
2
373
[Under sc-c. 5 of the Reconstruction FinancP Corporation Act, as amended]
Jersey __
1 ·· · ·--·-
3
Grand totaL. _. ___ _.. . _.
LOANS TO BANKS AND TRUST COMPANIES (INCLVDING RECEIVERS)
.....
1;,'T e"·V\
6
364
1:
Total . . . _. . _. __ _____ . . . .
6
22
Total. _. __ _. _____ . _. . .
Authorizations:
Loan to The RFC Mortgage Company 3 .. -- ..•.
To railroads (including
recei vcr) 3 . . _ . __ .. ___ . _ • ..
Purchases of capital stock
of corporations created
by the Reconstrnction
J,'inanre Corporation to
aid in national defense 3 .
8 ,,
1!
- - ---
2!
1 -- -··- ··
2
2:
QUARTERLY REPORT OF RECO:XSTRCCTIOX FI:XAXCE CORPORATION
17
3.-l\rurnber of authorizations, and number of new borrowers, etc., to which
authorizations were made, by States, duJ"ing the second quarter of 1,940 1-Cun.
TABLE
LOAX TO A JOI~T-STOCK LAXD BANK
[Under
SC'C.
5 of th<:' Reconstruction Finance Corporation Act. as anwrnkd]
Texas ________________________ ij
1
1---------- -1!
AUTHORIZATIOXS TO Bl:SIXESS EXTERPRISES UNDER SEC. 5d OF THE RECOXSTRUCTION FIXANCE
CORPOR.ATION ACT, AS AMENDED
[Loans and participations in loans]
-I
Alabama __ . _________________
Arizona ____________________ . _
-~rkansas ____________________ _
California ___________________ _
Colorado __ ___________ _______ _
Connecticut_ _______________ _
District of Columbia _____ _
Florida _________________ ______ ,
Georgia _______ ____ _______ __ ___ !
Idaho _________________ _______ .
[)lino is ___ ___________________ _
Indiana ________ _____________ _1
Iowa _________________________ ,
Kansas _________________ _____ _
I
New Hampshire . ____ _________ ,·
N cw .T ersey ___________________
New Mexico ___ ___ ____ ________ ,
New York ------------ -· ---- · North Carolina _______ ______ __!
North Dakotll __ __ ____ ______ __ i
0 hio _ ________________________
0 klahoma_ _________________ __
Oregon ___. __________________
Pennsylvania_ ___ ______ _______
Rhode Island_ __ ____________ __
South Carolina . ___ ____ ._ ___ __
'fennessee _______ _. _________ . .
Texas_ _ ______________ ________
Vermont_ _____ ____________ . _.
Virginia _____ __________ __ ___ __!
Washington. _________ . _____ __
,vest Virginia____ __ ________ __
,visconsin _____ __ _____ __ ____ __
·wyoming __ ____ __ _____ _______
Puerto Rico ____ ____ __________ j
1
3
5
9
11
2
:3
10
16
1
10
[j
1
Kentucky __________________ _-J
Louisiana ________ ___________ _
Maryland: __________________ -1
Massachusetts________________ .
Michigan ________ _____________
Minnesota __________________ __
Mississippi __ ________ _______ _1
:Missouri ____ - - - - - - - - - - - - - - - - - I
Montana . ___________________ -,
Nebraska ____________________ _
6
10
1
2
5
8
6
4
11
9 .
3 I
Total. _________________
1
1
8
4
3
:3
212
l
Z
227.5
2
2
S
12
4
16
2
4
11
5
4
1 _________ _
2 3
2 1
7
o
l5
11
1
1 __ ____ __ _
4
3
J3
l
5
l
2
5
1
4
1
2
-1--2791___181
I
I
I
LOANS TO PVRLIC AGENCIES TO AID IN FI~ANCING PROJECTS AUTHORIZED UNDER FEDERAL, STATE, OR
1\1:UNIC'IPAL LAW
(Under sec. 5d of the Reconstruction Finance Corporation Act, as amended]
1
California ___________________ _
Florida ____ __ ________ ________ _
Idaho _____ _____ __ _____ ______ _
Illinois ________ __ ___________ . _
Kenturky _____ ______ ___ ___ __ _
New York ___________ .________ _
1
I
2
2
1
1
I
1
I
1
North Carolina _______________
0 k 1ahoma ____________________
'rexas__________ ___ ___ _____ ___
2 10
7
~
I I1
l:tah_________________________
1
1
Total__________________ _
1
2
9
2
4
1
--------24
I
23
LOANS ON THE A~SETS OF CLOSED BANKS
[Cnder sec. 5e of the Reconstruct.ion Finance Corporation Act, as amended]
Michigan ____________ ________
- - - ----------·--- --------
-I
l·--------- II
3
TOTAL, ACT APPROVED !VIAR. 9, 1933, AS AMENDED
[Loans on and subscriptions for preferred stock of banks and trust companies]
! :'.'Jun~hN_ of
State
j~:fa~
. 1
!authonrntwns 2 I
~
Less :. Duplical10ns 4
- -i- --•- --- --- - 1 - - - -- - - - - - I ---·- · - --
i_a =-~================= =====: ===:
New York_ __ _ ______ ___ ... __ _. __ .. ___
North Dakota___ _________ ______ ________
Texas _________ _______ _. ____ ___ __. ______
Total. ____ _ ---------- - -·
~ee footnotes at end of table.
Numher o~
borrowers .!
i
4
l
! _ ____ _ _ _ ___ _ __
~
2
1
==-
_
=: : : ==: :
~
I KPt numher of
--
==-
new borrower~
/
-
______ _____ . _
I
l
·---·--
~
-1 . _____ ._.____ -·_1
1
4
·- --
I
l
18
QUARTERLY REPORT OF RECONSTRUCTION FINANCE CORPORATION
3.-Number of authorizations, and number of new borrowers etc. io which
authorizations were made, by States, during the .second quarter of 19401'-Con.
TABLE
LOANS ON PREFERRED STOCK OF BANKS AND TRUST COMPANIES
[Under the act approved Mar. 9, 1933, as amended]
Number Number
new
of author- of
borizations 2 rowers 2
State
California ______ . _____________
Florida _______________________
1
1
Total ___________________
2
Number Number
of author- of new
borizations 2 rowers
2
State
1
---------1
I
SUBSCRIPTIONS FOR PRl<:FERRED STOCK OF BANKS AND TRUST
COMPANIES
[Under the act approved Mar. 9. 1933, as amended]
New York ___________________ _
North Dakota _______________ _
Texas _______________________ _
4
2
1
1
1 ----------
Total __________________ _
6
3
LOANS TO DRAINAGE, LEVEE, IRRIGATION, AND SIMILAR DISTRICTS
[Under sec. 36, title II, of the Emergency Farm l\!Iortage Act of 1933, as amended]
Arkansas ____________________ _
California ___________________ _
Florida ______________________ _
Idaho _______________________ _
_:Montana __________ . _________ _
Nebraska_____________________
Oregon_______________________
Texas_ _______________________
2
10
2
2
1
3
2
Total___________________
1
2
1
6
1
5
1
2
- - -29- - - - 4
LOANS TO BORROWERS ENGAGED IN THE MINING, l\lILLING, OR SMELTING OF ORES
[Under sec. 14 of the act approved June 19. 1934, as amended]
Alaska _______________________ ,
3
1----------11
LOAN TO A TAX-SUPPORTED PPBLIC-SCHOOL DISTRICT
[Under the act approved Aug. 24, 1935]
Texas _____ .. _________________
-I
1 "Borrowers, etc.", inrludes applicants to which loans have been authorized and institutions in connection with which purchases of preferred stock, capital notes or debentures have been authorized.
2 Certain authorizations made prior to the second quarter of 1940 were completely rescinded during the
second quarter; and such rescissions have not been deducted from the number of authorizations or the
number of new borrower5: during the second quarter, inasmuch as the authorizatiom were made in a prior
quarter.
z Not included in the State totals shown above, because the operations of the borrowers, etc., ordinari1y
are not confined to any one State.
• Duplications in the nmnher 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.
9t 1933, as amended.
QUARTERLY REPORT OF RECOSSTR"CCTION FINANCE CORPORATION
19
4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of a1.dhorizations, withdrawals or cancelations, disbursements,
and amount outstanding,from. Feb. 2, 1932, to June 30, 1940, inclusive, by States 1
TABLE
GRAND TOTAL
1
State
Num- Number of ber of
au-.
borth~:m- rowers
zat10ns
[
Amount authorized
--------::---1---Alabama _____________ _
604
Arizona ______________ _
153
Arkansas ____________ _
852
California ____________ _ 1,105
Colorado _____________ _
417
Connecticut_ ____ . ___ _
323
Delaware ____________ _
32
District
of
Columbia
__
160
Florida ______________ _
659
Georgia ______________ _ 1,188
Idaho ________________ _
300
Illinois _______________ _ 2,146
Indiana .. ____________ _
Iowa __ _______________ _ 1,071
1,173
Kansas _____ ____ _____ _
706
Kentucky ___________ _
776
Louisiana_______ ____ __
739
Maine _______________ _
229
Maryland ___ . _______ _
418
Massachusetts _______ _
660
Michigan ____________ _ 1,573
Minnesota ___________ _ 1,061
M!ssissi:ppi __________ _
866
M1ssour1- ____________ _ 1,324
Montana ____________ _
386
Nebraska ____________ _ 1,392
Nevada ______________ _
72
New Hampshire _____ _
64
New Jersey __________ _ 1,413
New Mexico _________ _
139
New York ___________ _ 2,178
North Carolina ______ _
727
North Dakota ______ __
397
Ohio _________________ _ 1,662
Oklahoma ___________ _
491
Oregon ______________ _
6ll
Pennsylvania ________ _ 2,415
Rhode Island _______ __ _
47
Sout;h ClU'~lina ______ _
296
South Dakota _______ _
475
Tennessee ______ __ ___ _
847
Texas ________________ _
Utah ________________ _ 1,621
245
Vermont_ ____________ _
162
Virginia _____________ _
580
Washington _________ .. 32,166
West Virginia ________ _
533
w·1sconsm
. ___________ _ 1, 51-5
Wyoming ____________ _
128
Alaska _______________ .
23
Hawaii. _____________ _
5
Puerto Rico ________ . _
41
Virgin Islands _______ _
a
$44,576,422.75
25,785,250.63
68,760,335.39
735,889,743.76
29,892,369.31
37,502,471. 24
3,486.900.00
37,913,444.01
35,588,875.03
41,535,908.72
16,092,528.94
457.697,074.28
86,561,566.54
90,585,822.33
22, 38f>, 922. 29
54, 524,128. 63
224,744,535.31
89, 166, 819. 02
153,559,825.58
104,738,793.38
551,797,142.86
42,985,096.00
61,349,299.05
140,393,302.22
17,259,581.29
27,315,683.40
13,230,919.42
8,473,053.00
28.5, 908, 083. 48
12,279,225.10
883,472,699.78
77,819,156.65
14,416,606.73
612,904,032.08
28,169,640.44
31,596, 117. 78
427,284,177.09
7,390,308.43
40,446,373.42
19,103. 799.58
138, 437,523.01
158, 900, 211. 46
23,671,264.94
29,028,196.63
.51, 196, 973. 54
10,5, 331, 922. 83
49, 196, 44.5. 77
131, 290, 691. 13
6, 759, 602.00
2,861,100.00
1,444, 935.00
8, 053,000 00
251 , 000.00
370
99
578
653
306
210
29
73
500
911
170
1,324
765
756
545
528
383
128
294
495
947
732
540
877
235
464
36
54
966
99
1,527
529
292
1,203
277
343
1,615
35
189
322
533
1,171
155
107
408
1,395
330
1,117
68
17
4
35
1
Amount withdrawn or canceJed
$6,113,094.64
12.689,653.09
12,320,294.24
49,036,000.94
7, 389, 771. 32
5,604,434.67
2,337,200.00
5,507,149.52
7,131,788.80
8, 149, 251. 14
2,433,037.08
67,496,934.97
16,466, 363.63
15,160,396.38
4,645,848.65
13,400.982.61
88,783,798. 26
11,167,773.08
16,498,334.71
17,131,053.10
112, 381, 951. 22
6,790,247.29
5,373,065.04
36,474,473.61
1,892,465.84
4, 519, 019. 66
4,515,580.82
1, 811, 700. 78
42,620,146.71
1,734,315.84
201,348,877.22
14,770,729.92
1,646,876.45
138,680,210.15
2,262,744.65
5,835.362.82
78,633,543.36
874,548.26
6,427,843.72
4,239,669.56
23,331,318.49
21,037,470.48
4,385,128.05
2,360,280.27
9,105,067.64
33,381,770.69
6,520,886.54
20, 1.58, 174. 98
1,034,786.98
4,53, 873. 29
214,103. 00
1,329,939.78
126,000.00
Total ___ ~------ - 39,169 25,740 6, 371, 005, 901. 25 1,165,735,333.94
Authorizations:'
Loans:
To The RFC
Mortgage Company____________
18
To Federal National Mortgage
Association_____
4
To Federal land
banks___________
s 57
To Federal intermediate credit
banks___________
8
To regional agricultural credit
corporations (rediscounts) ______ 1, 343
See footnotes at end of table.
1
12
8
6
Amount disbursed
Amoutt.t outstanding as of
June 30, 1940 2
$36,566,818.20 $11, 561, 423. 21
12,584,305.33
6,348, 428.28
55,577,738.59
19,750,873.68
621,439,461. 42
97,701, 883.61
22,173,976.47
5,907,807.52
31,662,668.02
9,643,102.15
1,149,700.00
232,700.00
32,336,292.50
2,378,582.35
24,832,792. 30
10,170,691.10
32,088, 992.39
10,173,282.79
13,150,456.97
3,369,718.85
389,213,122.38
62,103,588.15
69,266,255.25
11, 165, 799. 07
75,386, 437.82
4,949,545.87
17,505,027.74
4,281,258.51
40,402,217.37
7,377,220. 08
135,827,374.91
22,531,082.23
67,904,430.71
6,693,448.35
130,183,382.69
27,499,783.62
86, 386, 521. 18
17,888,347.91
435,009,448.38
50,428,316.38
35,966,197.18
7,305,108.39
50,188,812.99
15,072,555.54
98,523,835.38
23,683,934.28
14,757,206.44
2,846,598.36
22,303,960.70
5,674,783.73
8,715,338.60
593,044.38
6,577,352.22
832,771.43
236,780,183.52
98,206,903.21
10,080,068.45
7,014,795.41
613,264,387.89 113,559,147.69
61,350,569.29
8,132,444.05
12,658,080.01
2. 94,5, 641. 85
461. 328, 935. 44
54,937,511.07
25,377,416.56
1,946,708.90
24.671,475.59
6,341,992.72
337,007,118.68
60,163,702.50
6, 446, 63.5. 17
2, 082,, 368. 60
33,461,407.55
4,024,746.24
14,840,305.02
2,605,390.43
113, 670,828.68
25,648,143.12
122,691,315.34
40,361,697.67
18,894,903.15
2,255,880.42
26, 636,916.36
15, 872, 381. 89
40,456,589.36
7,912, 973.80
65,234,663.66
19, 098,204.79
42,064,749.28
3, 429, 331. 09
109,809,477.15
24,680,338.10
5, 610, 561. 74
944,373.95
2,027,500.00
1, 010, 000. 00
1,230, 832.00 -------- -------5. 180,760.22
979, 939.36
125,000.00
ll9.000.00
4,958, 580,804. 24
952,439, 296.68
143, 368, 261. 03
----------------
13,5, 143, 295. 63
34, 049, 821. 18
133,962,793.11
----------------
101,697,085.32
62,862,847.67
399, 636, 000. 00
12,400,000.00
387, 236, 000. 00
----------------
9,2.50,000.00
----~-----------
12 I 178,840,452.48
5,596,811.76 ,
6
9,250,000.00 ---------------173,243,640. 72, ________________
•
20
QUARTERLY REPORT OF RECOK STRUCTIO:N FINANCE CORPORATION
4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, disbursements,
and arnount 01ttstanding,from Feb . 2, 193te, to June 30, 1940, inclusive, by States 1 _
Continued
TABLE
GRAND TOT AL-Continued
.
JNum- Number of ber of
auborthori- rowers
zations
State
Authorizations-Con.
Loans-Continued.
To railroads (ineluding receivers and trustees)
To Secretary of
Agriculture to
acquire cotton __
To Commodity
Credit Corporation ____ __ ____ ___
For financing exports of agricultural surpluses __
Subscriptions
for
stock of:
The RFC Mortgage Company __
Federal National
Mortgage Asso·
ciation _____ ____ _
Purchases of capital
stock of corporations created by
the Reconstruction Finance Corporation to aid in
national defense ___
Subscriptions
for
preferred stock
of:
Export-Import
Bank of ·w ashington ___ _______
Second ExportImport Bank of
,vashington, D.
c _______ _____ ___
Grand total
9__ 0
210
2
Amount authorized
Amount withdrawn or canceled
85 i$848,554,216.95 $106,9fi6, 755.89
1
Amount disbursed
Amount outstanding as of
June 30, 1940 2
$731,561,064.26 $47.'l, 856,206. 20
23,500,000.00
20,200,000.00
3,300,000.00
-------- --------
28
1 l, 604, i12, 664. 99
836,995,702.78
767,716,962. 21
------ --- -------
10
6
98, 445, 245. 68
46,146,368.56
47,298,877. 12
46,895. 99
3
1
25,000,000.00 - ------- - ------ -
25,000,000.00
25, 000, 000. 00
1
1
11,000,000.00 - - - ----------- --
11,000,000. 00
11, 000, 000. 00
2
2
2,000,000.00 ---- - ---- -- - ---- --- --------- ---- --
----------------
4
1
99,000.000.00 ---- ---------- --
74,000,000.00
74,000,000.00
1
2,500, 000.00 -- - -- - - --- ----- -
2,500,000.00
------ ----------
1
40,860
-9 - -
I 25,873
8
09,950, 775,535.49 2,194,040, 972,93 io1o117,427,527,729.50i' Hl,635,255,()67.72
LOANS TO BANKS AND TRUST COMPANIES (INCLUDING RECEIVERS, LIQUIDATING AGENTS AND CONSER·
VATORS)
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
•
Ala bama ___ ________ __ _
314
Arizona __ ___ ___ _______
39
Arkansas _____________
312
California ______ __ ___ __
424
Colorado ____ ___ ___ ____
128
Connecticut _____ _____
78
Delaware __ ___ ___ ____ _
3
District of Columbia __
103
Florida ______ _____ ___ _
150
Georgia ______ . _______ _
280
Idaho ___ ________ - _-- -98
Illinois ________ ___ ___ __ 1,264
Indiana _____________ __
507
Iowa ___________ ______ _
871
Kansas __ _____ ____ ____
297
Kentucky ____ ___ __ __ __
380
Louisiana ___ ____ ____ __
372
Maine ___ __ __ ____ ___ __
117
Maryland __ ______ _____ _
152
Massachusetts ________
105
Michigan __ ___ __ ____ __
812
Minnesota ____ __ ______
549
:Mississippi ___ __ ______
257
1\1 issourL _____ ___ ___ __
624
l\fontana ________ __ ___
99
Nebraska _______ ____ __
443
See footnotes at end of table.
138
16
156
159
72
30
3
2.5
110
146
50
610
276
494
165
179
132
33
77
48
328
279
129
314
52
177
$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
3,659,856.72
218, 972, 701. 21
47,932,774.00
62,920,365.13
8,864,529.24
20,780, 857.60
118,9M, 408. 18
61,827,134.02
62,344,393.96
42,933,700.00
414, 348,934. 76
13,749,679.13
18,463,259. 36
62,967,002,84
3,120,987.51
7 841 848.59
$3, 632, 841. 961
187,048.27
5,763,569.86
8,532,377.71
1,129,192.13
2, 254,560. 17
8,000.00
3, 022,536.01
a,940, 1s2. 78
2,433,617.46
757,710.33
34,478,902.641
9,741,810. 79
8, 520, 914. 28 1
1, 849, 350. 581
3, 451, 468.31
32,167,847.81
7, 880,254.21
8, 924,924.77
6, 121,379.83
94, 066,149.57
3,508,737.01 1
2,615,628.19
22,128,918.27
405,874.04
1 449 863.51
$9,313,223.91
$189,525.42
1, 874, 251. 73 ---- -------- --- 20,926,436.63
261,472.38
117,702,097.54
10,500. 00
4, 209, 801. 17
3,073.25
16,243,657.56
428,774.1 4
249,000.00 -· ---- ------ --- 143, 000. 00
27,852,465.40
4,986,115.05
141,381.7 3
9,340,063.03
479,671.42
2,902,146.39 --------------- 44,348,102.60
184,487,398.57
38,190,963.21
184,004.23
54,399,450.85
6,225.76
41,820.42
6,964,553.73
17,329,389.29
43,112. 36
13,489,294.03
86,786,560.37
53,946,879.81
65.81
53,419,469.19 --------- ---- --36,812,320.17 ---- --- -- ---- -- 320,163,785.19
10,908,074.00
10,240,942.12
7,949.3 3
126,035. 88
15, 847, 631. 17
1,234,029.8 7
40,838,P84.57
2, 715, 113. 47 ---------------112,335.14
6 391,985.08
l'ARTERLY REPORT OF RECOXSTRtJCTIOX FINANCE CORPORATIO:N'
21
4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelat-ions, disbursement.s,
and amount outstanding, from Feb. 2, 1932, to J une 30, 1940, inclusive, by States 1Continued
ABLE
OA~S
TO BANKS
AND
TR VST CO}lPANIES (lNCI.UDING RECEIVERS, LIQUIDATING AGENTS AND CONSF.RVA TORs)-Continued
~um- Number of ber of Amount authorizrd
tg~;i- bor1zations rowers!
State
----- .1_1---,--
evada ___ ____________
32,
ew Hampshire_____ _
181
378
ew Jersey ___ _____ ___
e,v ~fexico_______ ___
27
e"'· York _____ __ _____
425
ortb Carolina _____ __
241
orth Dakota___ ___ __
154
hio______ ___ _________
504
klaboma____ ___ __ ___
299,·
regon____ _____ ____ __
226
ennsylvania___ ______ 1,125
bode Island_ ________
7
outh Carolina_____ __
117
outhDakota __ ___ __ _
252
'ennessee ____________
433
'exas__ _______ _____ ___
503
rtah ____ ___ ____ __ ___ _
94
·ermont_ __ ___________
861
·1r~inia____ ____ ______
234
V'ashington_ _________
378
fest Virginia_______ __
300
nsconsin ____ _____ ___
730
Vyoming ___ __ __ ____ __
41
.lnska ________ _____ __ _
2
lawaii____________ ___
2
•uerto Rico_ _____ __ __
7
Amount withdrawn or canceled
91 $6,503,725.921
$402,594.36
13
1, 794, 000.00
356,139.92
149
80, 847, 892. 30
10, 945, 778. 19
14
1,513,773.54
539,419. 14
192 118,732,293.21
19,937,883.75
118
37, 981, 187. 51
9, 801, 258.55
77
7,649, 284.75
1,039,880.58
264 285,393, 899.64
61,079,052. 65
1271
4, 691 , 874.53
1, 463, 972.96
80
9,372, 880. 88
1,621,678.38
529 j 219,117,159.65
52,045,556.91
21
1. 911, 855. 76
260, 160. 26
53
21, 579,446.13
2,718,037.52
122
5, 140,916. 70
1, 096,113.38
198
73, 117, 431. 50
6, 456, 646. 67
239
31,498, 474.80
5, 056, 872. 22
55
8,261,387.52
2, 432, 932. 46
37
11,314,096.63
2,218,289.77
116
20,315,808.67
3,374,552.10
147
32, 467,510.09
11,693,668.30
138
25,089, 355. 84
3, 685,000. 57
444
41,720,990. 81
10,327,179. 57
17
1, 486, 574.42
290,041 . 53
2
100, 000. 00 _______ ______ __ _
2
850,000.00
14,103.00
5
2,703,000.00
372, 694.25
Total ___________ 15,3931 7, 347 j2,464,438,291.421 478,203,167. 48
Amount disbursed
Amount outstandine- ns of
June 30; 1940 2
-------------$6,101,131.56
1,437,860.08
69, 902, 114. 11
974, 354.40
97,791,909.46
28, 179, 928. 96
6, 609, 404.17
224,314,846.99
3,227,901. 57
7,751,202.50
166, 602, 102.74
1, 651, 69,5. 50
18,861,408. 61
4,044,803.32
66, 660, 784. 83
26, 441,602.58
5,828,455.06
9,095,806.86
16,941,256.57
20,773,841. 79
21,404, 355. 27
31,393, 811.24
1,196,532.89
100, 000.00
835,897.00
845,305.75
_____ ___ ____ ___ _
___ ____ _____ ___ _
$949, 004. 21.
4,950.00
7, 630,868.22
25, 098. 40
36, 853.16
_________ ___ ___ _
__ ____ _________ _
3,675. 02
2, 433,161.55
168, 514. 94
_____ _____ _____ _
77,366.00
2, 065, 397. 40
1, 533,676.67
187,915.63
___ _____ ___ ____ _
66,763. 01
179, 155. 66
226,115.31
13,933.88
___________ ____ _
___ ___ ___ __ ____ _
________ __ _____ _
____________ ____
1, 983,102,099.01
87,760,896.83
LOA~S TO B U ILDING AN D LOAi', ASSOCIATIO NS (IXCLU DIN G RECEl\'ERS )
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
-
~labama __ _____-_- -- -lrkansas _______ __ __ __
~alifornia ___ _____ ____ _
~olorado _____ ______ __ ;onnecticut_ __ ___ ____
1eorgia ___ ________ __ __
llinois _______ ___ ____ __
nd iana _____ -- - - -- -- - owa __ ___ __ __ _______ __
(ansas ________ _____ __
{entucky ____ .. _____ __
~uisiana ___ __ __ _____ ~faryland _____ ___ - ___
~f ichigan _________ -_-~innesota ____________
~i !ssissi:ppi ____ ____ ___
~ lSSOUrL ___
. ___ _ - _ - - -
vlontana ___ __ __ ___ ___
~evada ____________ __ _
IJ ew .T ersey ____ _______
IJ ew York ___ ___ ___ __ _
'-Torth Carolina ___ ___ _
1forth Dakota __ ______
)bio ___ _______________
Pennsylvania __ _______
;outh Carolina ____ ___
;outh Dakota _____ __ _
rennessee ____ ____ _____
rexas _____ _____ __ _____
Virginia ___ _______ ___ _
IV ashing ton __________
l\1 est Virginia __ ____ __ _
I\T.lSCODSlil
• _ __ ___ _ __ __ _
Wyo ming _______ ______
Total _____ ______
3
45
51
1
8
1
73
16
15
2
16
33
24
24
5
4
1
4
1
314
36
2~1
33
1
8
1
70
16
13
2
16
26
19
16
3
3
239
4
1
4
1
281
24
68
2
173
113
108
28
7
6
24
13
5
17
19
85
.5
fi
6
20
9
5
16
7,5
2
1,312
1, 0781
90
See footnotrs at end of table.
$111, 000. 00
$811. 96
2,795, 378.25
137, 014.84
9, 990,134.81
523,756. 13
110,000.00
3,263. 06
549,000.00
49,242.14
5,000.00 - - -- - -- - -- -- -- - 3,988, 989.09
302,971.46
1, 683,000. 00
22, 179. 40
1, 132,800.00
25,110.25
100,000. 00
51,500.00
1,449,500.00
54,488. 39
3, 273, 860.03
90, 860. 77
2, 628,126.98
157,375. 41
221,494.69
2,091,287.87
107,500.00
3, 226.48
103, 500.00
7,502.78
2fi0,000.00
2,230.27
313, 60,5. 00
78,068.78
85,000.00
55,000.00
6, 805, 194.80
42, 671, 793. 02
9, 267, 1,59. 38
1,961,134. 86
3.580,018.39
75, 868.94
155, 000. 00
3,022.75
52, 178,834.58
22,547,623.40
5, 528, 100. 00
213,163. 82
.1, 668, 049. 11
149,228.63
261,077.02
15,011. 55
290,000. 00
405. 15
1, 718, 150. 00
105, 416.04
25,050.90
975,662.35
849,000.00
690,591.24
15,681.12
1, 626,000. 00
4o3, 211. 79
9,248,000.00
83,472.88
815,611. 87
161, 600, 137.75
35,000,174. 68
$110,188.04 ------- -- -- -- --2, 658,363.41 -- -- -- - -- - - -- - -9,281,378.68 -- -- -- - --- -- --- 106,736.94 ---- -- --- - -- - - - 499,757.86 -- ---- ---- -- -- -5, 000.00 - - - -- - - - - --- --- 3,686,017.63
$6,932.05
1, 660,820.60 -------------- -1,107,689.75 -- - - -- -- --- -- - - 45,580.51
45,185. 29
], 395,011.61 - - - ----- - ----- -3,182, 999.26
216,163.40
2, 470, 751. 57
203,717.11
1,869,793.18 ---- -- - - --- - -- -104,273.52 - - -- -- --- ---- - -95,997.22 --- - -- -- - ------ 247,769.73 -- - - -- -- - -- - - - - 235.536.22 -- - - - -- - -- ---- -30, 000.00 - - - - --- - -- - - - - -31,936,098.22
2,644,770.76
7,306,024.52 - - - -- - - - -· -- - - - - 3, 504,149.45 - - -- - -- - - - -----151 , 977.25 -- - --- -- -- - --- - 29,631,211.18
67,660.00
798,137.33
4,755,422.80
1, 518,820.48 - - - - - --- --- - - - - 246,065.47 -- -- - --- ------ - 289,594.85 - --- - - -- - -- -- --1,612,733.96 --- -- -- - -- ----- 950, 611. 45 -- -- --- - --- - -- -158,408.76 ---- - - - -- ------ 1,610,318. 88 - --- - ---- - -- - - - 8, 784,788.21
202,838. 29
732,138.99
161,814.04
121, 982,030.20
4, 347,218.27
22
QUA.RTERLY REPORT OF RECONSTRUCTION FINANCE CORPORATIOJ
4.-Number of authorizations and borrowers, to which authorizations wei
made; and amount of author,izations, withdrawals or cancelations, disbursement
and amount outstand-ing,from Feb. 2, 1932, to June 30, 1940, inclusive, by States L
Continued
TABLE
LOANS TO INSURANCE COMPANIES
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
Number of Numau- ber of
.
borthonzations rowers
State
Amount authorized
__ I__
Alabama __ ___________ _
Arkansas ___________ __
Colorado __ __ ________ __
District of Columbia _
Florida ______________ _
Illinois ____________ ___ _
Indiana ___________ ___ _
Iowa _________________ _
Kansas __ _______ _____ _
Kentucky ____________ _
Louisiana _____ ___ ___ __
M aryland ____ _______ _
Michigan ____________ _
Minnesota ______ ___ ___
!vI ~ssissi :ppi __________ _
M 1ssour1 ______ _______ _
Nebraska ____________ _
New Jersey __ _______ __
New York ___________ _
North Carolina _____ __
North Dakota _______ _
Ohio ________________ __
Oklahoma ____ ___ __ __ _
Pennsylvania ________ _
South Carolina _________
South Dakota _______ _
Tennessee ___________ _
Texas ___ ___ ________ ___
v 1rg1n1a
· .. _____________ _
·west Virginia ________ _
,visconsin ___________ _
61
4
3
4
l
1
2
1
1
2
27
14
101
24
13
7
I
2
6
7
1
6
2
16
10
2
3
2
14
1
6
10
6
5
6
17
i
9
2
2
4
2
5
2
6
3
6
3
1
4
12
1
3
2
5
1
3
9
1
2
2
Total __________ _ ------209
Amount withdrawn or canceled
Amount disbursed
Amount out,
standing as o
June 30, 1940
$339.050.00
$41, 300.00
$297,750.00 -------------435,000.00
355,000.00
80,000.00
$64,161. .
50.000.00 ---------------50,000.00 -------------75,000. 00 ------ ---------75,000.00 -------------33,000.00 -- --- - --- - - - ---33,000.00 -------------6,028,5CO.OO
96,042.28
5,932,457.72
138,902. ·
4,498,000.00
1, 262, 021. 45
3,235,978.55 -------- - -- --3,653,000.00
102,290.84
3,550,709.16
94,097.:
422,000.00
334,016.66 ---------- - - -- ·
87,983.34
1,000,000.00
1,000,000.00 -- ----------- - --- - -------------l, 270, 000.00
21,943.75
1, 248,056.25
191, 294_ l
13,985,000.00 ----- ----------13,985,000.00 --------------·
4,816,913.76
609,394.50
4,207,519.26
54,413. !
28,500. 00
6,000.00
22,500.00 -------------- ·
112,000. 00 - - ----- - - - - - - -- 112,000.00 -------------- ·
9,327,891.91
713,317.15
8,614, 574.76
080, 796. l
2,399,150. 00
1,997,486.44
401,663.513
15,000. I
902,000.00
88,500.00
813,500. 00
237,016. !
2-8,483, 600.00
1,086,357.04
27,397,242.96
298,708. l
1,932,500.00
112. 50
1,932,387.50 --- -----------·
74,500.00
69,500.00 ------- -------·
5,000.00
15,865,000. 00
7, 033, 661. 80
8,831,338.20 --------------·
275,000.00
1,950.00
273, 050.00 --- -----------·
1, 816, 225. 47
744,325.47
1, 071,900.00 --------- ... -- - -·
504,000.00 --------------·
504,000.00 --------------- 50,000.00 ___________ ___ ,.
50,000.00 -- -------------34,125.51
676,874.49
711,000.00
200,000. (
4, 170, 731. 66
4, 126, 648. 42
·«, 083. 24
56,935. ~
385,196. 62
10. 104. 37
375,092. 25 -------------- ·
736, 990.77
276;363.58
460,627.19 --------------60,000. 00 ------- - -------60,000.00 -------------- ·
104, 439, 750. 19
13,746,540.38
90,693,209. 81
2, 331, 326. !
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 ____ _____ ___
l\!Iassacbusetts ________
Michigan_ __________ __
Minnesota____________
Mississippi_ __________
Missouri____________ __
Montana_____________
Nebraska ____ .________
Nevada_______________
New Jersey___________
New 1\,Iexico________ __
New York____________
18 1
1
7
10
8
4
6
8
21
3
47
I
4
4
2
18
1
30
64
93
4
2
1111!
5
8
8
3
4
4
10
3
12
1
2
3
1
11
1
24
27
60
4
1
17
1
10
8
4
4
38
5
54
See footnotes at end of table.
1
2
25
4
31
$2,342,760. 55
$532,340.901
$1,390,419.65
$64,217.i
100,000.00
100,000.00 ------- - ------- - -- ------ - -------·
1,453,500.00
332,828.75
1,120,671.25
19,238.~
69,742,493.44
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
7,650.(
1,114,532.60
350,821. (
1,114,532.60 ____ -- __ -- _- --- ·
878,032.99
95,719.61
782,313.38
268,484.{
1,811,994.51
483,864.58
1,328,129.93
101,552.l
2, 414,000,00
44,023.521
2,369,976.48 --- -----------10, 794,669.90
6,261,230.38
4, 533,439.52
208,569. 1
220,000.00
22,508.081
197,491.92 ----------- - --2, 773, 550. 00
2, 773. 550. 00 - __ _- - _______ ___ ______ - ___ . - - _- __
172,500.00
122,500.00
50,000.00 --------------92,500.00
42,500.00
50,000.00 ------ --------6, 483,502. 37
2,157,982.88
4,325,519.49
1,338,719.f
3,200,000.00
1,128,003.4
3,200,000.00 ------ -- -------35,114,852.97
3,228,098.72 1
25,239,008.93
1,976,368.6
28,667,648.32
3,525, 758.52 !
25,141,889.80
6, 162,540.~
14,554,962.29
5,010,524.49
9,544,437.80
486,597.7
3,102,500.00
67,500.00
3,035,000.00 --------------517,477.67
3,200.00
514,277.67 --------------8,807,027.89
1,410,724.69
4,578,525. 31
688,444.6
156.370. 00
202.39
156,167.61 --------------695;225.00
40,978.56
654,246.44 --------------1, 732,506.57
438,005.38
1,294,501.19
57,076.6
23, 074,188.99
6,336,208.77
16,737,980.22
4,032,099.1
209, 000.00
60,000.001
149,000.00 --------------146,022,300.00
80,817,889.70
65,204,410.30
19,386,236.3
QUARTERLY REPORT OF RECONSTRUCTION FINANCE CORPORATION
23
f ABLE 4.-1-v. . umber of authorizations and torrowets, to which authorizations were
made; and am.01,nt of authorizations, withdrawals or cancelations, disbu.rsenients,
and amount 01ttstand1:ng, from Feb. 2, 1932, to June 30, 194.0, inclusive, by States 1Continued
LO.ANS TO MORTGAGE LOAN Co:MPANlES-Continued
Num- Nmnber of ber of
aub
thoriorzations1rowers
State
~ortb Carolina _______
~forth Dakota ________
)hio __________________
Oklahoma. ___________
Oregon _______________
Pennsylvania .. _______
3outh Dakota ________
rennessee. _________ . _
rexas _________________
Utah _________________
Virginia ______________
Washington __________
West Virginia _______ _
Wisconsin _____ . ____ ._
Total ___________
Loans to The RFC
Mortgage Company •-------------Loans to Federal National Mortgage Association 4 __ _________
Grand totaL ____
Amount withdrawn or canceled
Amount authorized
Amount outstanding as of
June 30, 1940 2
Amount disbursed
18
3
4
$5, 718, 958. 96
65,000.00
42,968,048.24
4,879,650.00
1, 241, 420. 25
6,423,375.00
6,576,000.00
10,072,165.53
22,738,976.26
1,285,000.00
5, 939, 921. 89
11,483,217.50
72,500.00
6,488,762.92
$906,587.20
245.00
1, 862, 081. 22
121,483.56
692,522.55
1,495,004.28
2,731,262.25
2,231,925.35
2,667,754.16
50,000. 00
1,577,509.23
1,700,049.84
11. 500. 00
1,842,785.61
428
495,250,092.61
133,626,747.91
351, 627, 821. 49
181
1
143, 368, 261. 03
------ ----------
135,143,295.63
41
1
133,962,793.11
-----------·----
101,697,085.32
62,862,847.67
758
430
772,581,146.75
133,626,747.911
588,468,202.44
145,950,850.25
25
1
27
18
9
25 1
3
34
59
2
13
26
3
8
736
---
11
1
20
16
3
12
1
11
35
2
10
$4, 812, 371. 76
$179,800.03
64,755.00 ---- -- --- - ------41,105,967.02
120,354.51
4,758,166.44
190,250.83
548,897.70 --------- ------4,818,370.72
2,895,452.31
3,844,737.75 ---- -- ------ -- -7,840,240.18
2,451,777.54
20,071,222.10
3,607,024.53
1,235,000. 00 --------- - -----4,362,412.66
1,394,787. i7
9,783,167.66
1, 878, 351. 19
61,000.00
15,262.77
4,645,977.31
28,500.00
-----49, 038, 181. 40
34, 049, 821. 18
LOANS TO CREDIT UNIONS
(Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
I
~Iassachusetts ________
Michigan _____________
Minnesota ____________
New York ____ ________
Rhode Island ______ __ _
Virginia ______________
Total ___________
3
1
2!
1
$74,555.00
$843.42
$73,711.58
55,495.70
65,000.00
9,504.30
261. 29
9,738.71
10,000.00
20,000.00
20,000.00 ---------------- -467,446.00
12,263.00
455,183.00
5,966.80
5,966. 80 ------ ----- --- ---
7
642,967.80
1!
1
1
1
1
2
1
2
10
42,872.01
.
$14,661.58
-------------------------------------------------------------------------- -14, 661. 58
600,095.79
LOANS TO JOINT-S'fOCK LAND BANKS
[Vnder sec. 5 of the Reconstruction Finance Corporation Act, as amended]
Alabama_____________
Arkansas___________ __
California_____________
Colorado ___________ __
Geor~ia_______________
Illinois_______________ _
Indiana_______________
Iowa.________________ _
Ken_t~cky ____________
Loms1ana_____________
Michigan_____________
Minnesota____________
Nebraska_____________
North Carolina______ _
Pennsylvania_________
South Carolina_______
Tennessee ____________
Texas_______________ __
Utah__________ _______
West Virginia ________
Total___________
1
3
4
1
1
1
21
21
1
1
4
2
2~
5
3,
1
3
1
3
111
1
S
6
1j
2
3
2
1
9
3
11
I
2J
6
2i
11
1
70j
27
---~I- __:
See footnotes at end of table.
263231-80-4
$~~:888:88 -----$104:811:41/l
$~i~:m:gi -- ---$113:915~72
3,485,000.00
342,472. 721·
3,142,527.28
2,494,772.68
360,466.44
2,134,306.24
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 -------- ------- - -432, 500. 00
5,869.38,
426,630.62
1,835,000.00
187,374.57
1,647,625.43
185, 000. 00 _______________ _
185, 000. 00
2, 766,000.00
816,000.00
1,950,000.00
3, 144, 786. 45
240, 044. :~o
2, 904, 142. 15
401,000.00
19,148.241
381,851.76
2,593,000.00
1,172,290.36 1
1,349,359.77
190,000.00
100,000.001
90,000.00
3,686,000.00
724,383.01
2,961,616.99
550,000.00
1,767.581
548,232.42
1,800,000.00
635,102.67
1,164,897.33
9~
--
31, 393, vD9.131
r:
1-
6,605,129.061
24,666,880.20
--------------------- ----------- - ---------------------------------- --- -- ------------------------ ----- - ---288,518.09
585,693.88
__ __ ___ - _- _-- - --1,016,893.66
____________ . __ _
---------------294,505.46
--- - -------- - --1,415,218.41
----------------------- ----- - --
----3,714,715. '.?2
24
QUARTERLY REPORT OF RECONSTRUCTION FIKANCE CORPORATIO ~
4.-Number of authorizat'ions and borrowers, to which authorizations we1
made; and amount nf authorizations, withdrawals or cancelations, disbursement.
and amount outstanding,from Feb. 2, 1932, to June 30, 1940, inclusive, by StatesL
Continued
TABLE
LOANS TO AGRICULTURAL CREDIT CORPORATIONS
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
I
Num- [ Number of I ber of
authori- I borzations(owers
State
Amount authorized
Amount withdrawn or canceled
Amount outstanding as o
June 30, 1~40
Amount disbursed
---1-
Arizona _______________
Arkansas _____________
Colorado _____________
Florida _______________
Idaho _________________
Io~·a __________________
Louisiana _____________
New York ____________
North Dakota ________
Oregon _______________
South Carolina _______
Tennessee ____________
'fexas _________________
\Vashington __________
2
2
2
1
15
1
2
2
203
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
Total ___________
250
20
6,120,867.59
1
2
2
1
5
4
3
1
1
7
1
----------------- - - -- - - - - -- -- -
--
$11,500.00
-----------------
5,167.00
25,000.00
$880,000.00
214,135.95
59,955.31
435,000.00
58,722.60
455,000.00
120,000.00
232,590.74
1,000.00
116,790.30
----------------------------------------
5,643,618.22
43,914.
----------------------------------------
----------------------------164,660.72
---------------------------------------------------------------------58,500.00 ------------------ -------------124,250.00 ------------------ -------------6,239.95
89,251.13 -------------81,931. 70
2,981,172.19
$43,914.
477,249.37
LOANS TO LIVESTOCK CREDIT CORPORATIONS
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
Colorado ______________
Idaho _________________
Missouri ______________
Montana _____________
New Mexico __________
Oregon _______________
Texas _________________
U tab _________________
Wyoming _____________
4
30
4
4
35
29
3
2
4
$382,850.00
2,132,035.29
421,000.00
2,142,250.00
874,441.51
270,740.00
2,468,425.03
3,477,443.10
2,342,142.95
154
19
14,511,327.88
I
38
9
Total ___________
2
2
1
3
I
I
$244,400.00
$138,450.00 -------------101,800.00
2,030,235.29 -------------421,000.00 ------------------ -------------145,900.00
1,996,350.00 -------------106,249.88
768,191.63 -------------28,450.00
242,290.00 -------------25,980.00
2,442,445.03 -------------304,826.12
3, 172, 616. 98 -------------161,123.19
2, 181, 019. 76 --------------
1,539, 729.
19l
12,971,598.691--------------
1
LOANS TO PROCESSORS, OR DISTRIBUTORS SUBJECT TO PROCESSING TA:XES
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
Connecticut __________
Kentucky ____________
Montana _____________
New Jersey ___________
Ohio __________________
Pennsylvania _________
Tennessee ____________
1
1
1
1
1
1
1
1
1
1
1
1
Total ___________
'I
7
I
1
$567.68 -------------$567.68 ---------------3,428.00 -------------3,428.00 ---------------487.90
$487.90 ------------------ -------------3,300.00
3,300.00 ------------------ -------------7,400.00
7,400.00 ------------------ -------------3,905.69 -------------3,905.69 ---------------183.31
6,816.69 -------------i,000.00
26,089.27
11,371. 21
14, 718.061--------------
LOAN TO A STATE FUND CREATED FOR THE PURPOSE OF INSURING REPAYMENT OF DEPOSITS OF PFBL
MONEYS
[Under sec. 5 of the· Reconstruction Finance Corporation Act, as amended]
Wisconsin ____________
3
'fotal ___________
3
See footnotes at end of table.
I
1
$13,087,715.88
$23,084.70
1
13,087,715.88
23,084.70
$13, 064, 631. 18 -------------13, 064, 631. 18
--------------
QUARTERLY REPORT OF RECONSTRUCTION FINANCE CORPORATION
25
4.-J\lumber 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, 1940, inclusive, by States 1Cont'inued
TABLE
LOANS TO BORROWERS ENGAGED IN THE FISHING INDUSTRY
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
Num- Number of ber of
auborthori- rowers
zations
State
Amount authorized
Amount withdrawn or canceled
Amount disbursed
Amount outstanding as of
June 30, 1940 2
Florida. _.. . __ .. ____ __
Georgia ____ _____ ______
Maine ________________
Massachusetts _____ . __
Oregon _________ . ______
South Carolina _______
Virginia ______________
Washington. _______ __
12
4
2
3
2
1
1
2
9
2
2
3
2
1
1
2
$57,100. 00
76,500.00
600.00
29,000.00
525,000.00
22,000.00
42,500.00
57,000.00
$44,900.00
45,125.00
-- - -- - --- - -- ------------------------- - ------------ -- - --- - -- -------- ------- - ----------------
Total ________ ___
27
22\
809,700.00
90,025.00
$12, 200.00
$1,900.00
31,375.00 ----- ------ ----600.00 ---------- -----29,000.00
525.37
525,000.00 ------ - ------ - - 22, 000.00
65.5. 27
42,500.00
37,125. 47
57,000.00
25,500.00
65,706.11
719,675.00
TOTA.L, SEC. 5C OF THE RECONSTRUCTION FINANCE CORPORATION ACT, AS AMENDED
[Subscriptions for stock of mortgage loan companies]
Illinois. ____ ___________
1
1
$1,250,000.00
Total ___________
The RFC Mortgage
Company 4 _________
Federal National
Mortgage Association 4 _____________
1
1
1,250,000.00
3
1
1,250,000.00 -------- --------- - ------ ------ ---25,000,000.00 ---------- -----$25,000,000.00 $25,000,000.00
1
1
11,000,000.00 ---- ------------
11, 000, 000. 00
11,000,000.00
Grand total. ____
5
31
37,250,000.00
36,000,000.00
36,000,000.00
$1,250,000.00
1,250,000.00
------------------ ------ ------ --- -
TOTAL, AUTHORIZATIONS TO BUSINESS ENTERPRISES UNDER SEC. 5d OF THE RECONSTRUCTION FINANCE
CORPORATION ACT, AS AMENDED
[Direct loans to business enterprises, including participations]
Alabama ______________
Arizona __ _____________
Arkansas. ______ ____ __
California ______ _____ __
Colorado. ____________
Connecticut. _________
Delaware _____________
District of Columbia._
Florida _______________
Georgia _______________
Idaho ______________ ___
Illinois. ______________
Indiana .. _____________
Iowa __________________
Kansas _____________ __
Kentucky __________ __
Louisiana _____ __ ____ __
Maine ________________
Maryland ____ __ ____ __
Massachusetts ______ __
Michigan. ____ ______ __
Minnesota _____ _______
M!ssissippL ________ __
M1SSour1. _____________
Montana. ____________
Nebraska ______ _______
Nevada. ___________ ___
New Hampshire. _____
New Jersey ___________
New Mexico __________
New York. _________ __
North Carolina _______
North Dakota _____ ___
Ohio ______________ ____
137
31
139
209
115
92
12
41
320
591
58
338
159
62
149
185
60
31
106
266
281
161
84
248
97
94
3
14
302
43
868
172
37
355
- See footnotes at end of table.
125
29
125
180
107
74
11
35
2i2
500
51
296
146
59
138
167
54
26
88
217
253
146
81
205
81
83
3
11
247
37
694
148
34
285
$3,537,658.33
1,007,227.86
6,770,616. 10
23, 189, 641. 10
2,045,182. 68
7,926,940. 83
449,900.00
648,910.00
9,220,792.67
13,637,049.91
1,079,966.00
27,099,099. 38
6,189,800.00
1,906,475.00
2,232,976.85
5,375,287.61
1, 131,703.96
10,978,940.00
4, 893, 491. 67
12, 327, 731. 06
26,926,944.45
4,019,657.74
1,463,257.46
18,580,300. 72
1,463,346.57
2,041, 877.77
101,621. 93
1,852,500. 00
22.332,413.80
902,199.29
42,643,970. 36
9,096,227.14
774,960.00
23,270,430.89
$1,070,674.82
468,165.71
749,503.65
5, 782, 471. 49
840,752.80
1,415,944.98
117,400. 00
184,613.51
1,247,976.41
3,683,949.45
173,140.37
14,070,834.11
2,178,353.21
664,271.26
860,379.48
2, 555,808.39
322,949.74
173,591.83
1,914,975.81
3,729,332.62
7,151,304.97
1,575,576.98
654,579.39
4,512,234.29
288,313.77
587,677.97
24,124.14
824,717.00
8,743,044.62
252,339.06
14,787,924.92
2,364,849.86
67,850.00
5, 391, 610. 78
$1,890,473.60
139,510.67
5,940, 194.50
8,367,067.81
951,055.62
6,275,627.30
332,500.00
394,294.50
5, 031,211. 27
8,845,435.27
825, 724.09
12,326,415.95
3,182,499. 13
1,208,879.00
1,191,095.89
2,237,824.96
704,528.05
710,732.94
2,748,153.00
7,377,179.34
16,363,874. 53
2,215,429.23
527,554.34
11,526,479.49
1, 020,832. 85
964,996.76
77,497.79
943,783.00
12, 952, 115. 93
540,833.55
20,846,110.77
5,643,519.84
610,459. n
14,399,042. 38
$1,144,499.47
86,287.45
3,987,929.10
5, 950,689.91
644,710.43
3,979,688.82
23,000.00
271,961.35
2,808,819. 20
4,134,393.61
448,114.92
6,504,560.23
1,679,734.84
314,300.33
391,676.18
1,150,414. 28
426,314.36
577,031.75
1,334,283.88
4,540,753.65
8, 342, 121. 10
863,544.0l
284,477.15
8,728,677.93
587,662.80
610,952. 78
5,850. 00
558,573.13
8,853,885.41
269, i45.41
11,631, 23-5. 41
3,431,720. 62
531,785.98
9, 627,333.99
26
QUARTERLY REPORT OF RECOSSTRUCTION FINANCE CORPORATION
4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelation~, disbursements,
and amount outstanding, from Feb. 2, 1932, to June 30, 1940, inclusive, by StatesLContinued
TABLE
TOTA.L, AUTHORIZATIONS TO BUSINESS ENTERPRISES UNDER SEC. 5d OF THE RECONSTRUCTION FINANCE
CORPORATION ACT, AS AMENDED-Continued
Num- Number of ber of
auborthori- rowers
zations
State
Amount withdrawn or canceled
Amount authorized
Amount outstanding a~ of
June 30, 1940 2
Amount disbursed
--Oklahoma ____________
Oregon ________________
Pennsylvania _____ ____
Rhode Island _________
South Carolina _______
South Dakota ________
Tennessee ____________
Texas _________________
U tab _________________
,rermont ______________
Virginia ______________ _
Washington __________
\Vest Virginia ________
Wisconsin ____________
Wyoming _____________
Alaska ________________
Hawaii_ ______________
Puerto Rico ______ _____
Total ___________
74
207
464
31
69
31
192
322
29
14
103
3 1, 374
80
134
17
4
1
26
69
165
373
27
58
31
164
292
24
10
90
1,079
69
125
16
4
1
24
9, 032
7,629
$1,376,736.10
10,375,634.89
39,530,798.53
2,787,416.67
3, 711, 148. 18
150,986.00
9,199,750.73
8,637,079.03
1,193,195.32
419,100.00
4,111,562.50
24,588,317.28
3, 014, 731. 16
8,186,325.00
213,872.761
348,600.00
200,000.00
1,190,000.00
416,354,353.28
$674,346.25
$317,910.62
2,417,462.98
7,014,625.67
10, 319, 841. 00
24,531,455.86
2,317,666.67
400.625.00
1,541,573.72
1,713,802.18
94,275. 00
32,886.00
2,394,325.92
5,370,549.48
1,682,616.55
5,608,979.62
168,301.85
756,659.73
141,990.50
246,109.50
1,281,194.77
1, 195, 051. 19
6,397,778.47
14.590,050.33
1,226,315.95
1,177,605.26
2,515,116.38
4,348,169.62
40,149.38
65,970.10
318,873.29 -----------------200,000.00 -----------------1,063,200.00
69,500.00
---------------589,939.36
221,704,270.91
130,731,958.62
129,274,878.40
$328,898.44
2,456,183.38
14,892,035.66
1,277,788.66
958,660.48
11,935.06
3,160,301.60
4,390,175.92
391,053.36
134,573.89
490,132.90
2, 801, 112. 92
729,332.80
3,354,044.80
39,059.91
----·-----------
LOANS TO BUSINESS ENTERPRISES
[Under sec. 5d of the Reconstruction Finance Corporation Act, as amended]
I
Alabama _____________
Arizona _____________ __
Arkansas ________
California _________ ____
Colorado _____________
Connecticut_ _________
Delaware _________ __ __
District of Columbia __
Florida _______________
Georgia _______________
Idaho _________________
Illinois _______________
Indiana _______________
Iowa __________________
Kansas _______________
Ken_t~cky ____________
Loms1ana _____________
Maine ________________
Maryland ____________
Massachusetts ________
Michigan _____________
Minnesota ____________
Mississippi_ __________
Missouri_ _____________
Montana _____________
Nebraska _____________
Nevada _______________
New Hampshire ______
New Jersey ___________
New l\1exico __________
New York ____________
North Carolina _______
North Dakota ________
Ohio __________________
Oklahoma ____________
Oregon _______________
Pennsylvania _________
Rhode Island _________
South Carolina _____ __
South Dakota ________
Tennessee ____________
Texas _________________
Utah __ --------
101
8
118
138
92
62
12
27
289
514
39
280
119
48
106
148
53
22
86
206
210
104
64
190
75
67
3
9
216
25
726
132
30
242
53
153
375
22
52
23
112
213
23
See footnotes at end of table.
92
8
106
116
84
46
11
21
246
428
35
241
109
45
98
132
48
17
69
165
186
92
62
153
64
60
3
8
171
20
570
114
27
188
48
120
291
20
42
23
92
193
19
$1, 828, 810. 00
$603, 611. 20
132,700.00
31,100.00
505,862.93
6,366,916.10
11,961,457. 28
2,195,328.81
. 550, 078. 93
1,618,879.351
7,330,162.501 1, 101, 000. 00
117,400.00
449,900.00
522,360.00
128,065.50
987,852.00
8,507,062.671
2,728,672.09
10,303,533.05
111,725.91
900,450.00
25,509,276.05
13, 378, 171. 02 1
1,713,809.36
5,235,550.00
562,571.00
1,767,100.00
487,820.25
1,383,210.60
3,324,700.11
1, 199, 155. 28
1,031,453.96
310,602.37
10,731,910.00
152,550.00
1,634,213.67
3,806, 651. 67
2, 926, 119. 84
10,287,046.06
21, 945, 994. 45
4,541,379.52
1,212,648.56
3,162,147.74
479,056.21
1,046,367.24
1,635,429.51
14,329,097.39
1, 041, 671. 07
176,550.35
325,480.29
1,464,184.43
24,124.14
101,621.93
400,000.00
1,227,500.00
7,649,004.81
20,214,843.80
173,243.90
530,266.59
11,305,597.03
36,948,178.69
], 653,246.61
6,090,757.14
37,500.00
743,650.00
3,603,129.84
18,281,858.34
146,450.00
821,219.43
1, 076, 205. 02
7,431.084.89
8,801,396. 03
32,368,687.24
380,500.00
1,294,500.00 i
779,028.11
1, 922, 423. 181
77,136.00
39,400.00
719,420.84 1
5,190,290.33 1
6,805,429.13 1 1,069,522.501
140 066.54
838 445. 321
1
$1,206,499.23
101,600.00
5, 832, 761. 17
8, 334, 201. 15
882,289.42
6,082,127.30
332,500.00
394,294.50
4,860,348.77
7,295,718.35
774,724.09
11,652,690.95
3,036,599.13
1,200,129.00
891,390.35
1,886,866 63
654,528.05
575,257.27
2,137,153.00
7,125,628.17
15,840,507.53
1,877,323.52
504,859.03
11,322,438.00
746,352.09
945,071.76
77,497.79
823,500.00
12,364,545.93
322,621.05
20,202,292.15
4,289,691.42
609,499.73
13,181,625.24
667,596.25
5,963,705.67
22,175,815.60
858,000.00
1, 113, 395. 07
27,036.00
4,184,949.48
5,295,709.88
698 159. 73
$578,843.79
48,376.78
3,957,455.00
5,931,572.26
610,843.33
3,800,753.52
23,000. 00
271,961.35
2,690,277.17
3,305,976.30
405,857.44
6,033,766.29
1,608,423.15
306,883.66
301,811.96
1,050,461.99
406,151.86
516,605.51
l, 232,283.88
4,398,717.41
8,054,705.33
720,783.98
265,783.55
8,591,408.77
384,812.57
596, ()70. 19
5,850.00
510,358.85
8,527,063.38
204,134.22
11,284,357.54
2,808,485.84
531,404.03
9,029,950.79
322,837.14
2,165,695.83
13,130,573.87
537,433.16
531,561.83
11,935.06
2,600,037.29
4, 21-5, 8.66. 53
358,053.36
QUARTERLY REPORT OF RECO:XSTRVCTION FINANCE CORPORATION
27
4.-Nurnber of author-izatwns and borrowers, to which authorizations were
made· and amount of authorizations, withdrawals or cancela.t1:on8, disbursements,
anddmount outstand,i ng,from, Feb. 2, 1932, to June 30, 1940, 'inclusive, by States 1Continued
TABLE
LOANS TO BesIXESS
ENTERPRISES-Continued
I
Num- , Nmnber of ber of
aub
thoriorzations rowers
State
A.mount withdrawn or canceled
Amount authorized
--- --Vermont ______________
Virginia ______________
,vashington __________
West Virginia _________
Wisconsin __ • _________
Wyoming _____________
Alaska __ ______________
Puerto Rico. _________
Amount disburse d
Amount outstanding as of
June 30, 1940 2
- - --·-
8
53
3 1,226
56
81
i
1
20
5
46
954
48
76
6
1
20
$342,000,00
1,809,450.00
8,660,925.61
1, 977, 795. 45
5,988,475.00
33,700.00
11,000.00
977,500.00
Total ___________ , 7,039
5,839
316,677,329.79
$243, 309.50
$98,690,50
1,066, 926. 19
742,523.81
5,753, 305. 16
2, 834, 681. 33
1, 029, 445.95
793,349.50
3,949, i20. 59
1,947,474.41
32, 200.00
1,500.00
11,000.00 ------- ----918, 200.00
39,500.00
84,262,809.52
$132,133.89
379,736.72
2,581,344.42
596,189.70
3,218,081.93
18,434.91
481,604.23
202,342, 606.84[ 120,276,713.56
PURCHASES OF PARTICIPATIO!'.S, AND AGREEME~TS TO PURCHASE PARTICIPATIONS, IN LOANS TO BUSINESS .
ENTERPRISES
[Under sec. 5d of the Reconstruction Finance Corporation Act, as amended]
Alabama _____________ _
Arizon:1 _______________
Arkansas _____________
California _____________
Colorado ______________
Connecticut __________
District of Columbia __
Florid~--------------Georgia _______________
Idaho _________________
Illinois ________________
Indiana _______________
Iowa __________________
Kansas _______________
Ken~~cky ___________ _
Lomsiana ____________ _
Maine _______________ _
Maryland __ . ________ _
Massachusetts. ______ _
Michigan ____________ _
Minnesota ___________ _
M~sissiJ?PL __ -- - _- - -Missouri _____________ _
Montana __ . _________ _
Nebraska ___ ____ _____ _
New Hampshire . ____ _
New Jersey __________ _
New l\1exico _________ _
New York __ _________ _
North Carolina ______ _
North Dakota. ______ _
0 h io. ________________ _
Oklahoma ___________ _
Oregon ______________ _
Pennsylvania ________ _
Rhode Island ________ _
South Carolina ______ _
South Dakota _______ _
Tennessee. _______ ___ _
Texas ________________ _
U tab_ __ ____________ _
Vermont. ____________ _
v·1rg1.n 1a
. _____________ _
Washington _________ _
West Virginia ________ _
Wisconsin __________ _
wyommg
. ____________ _
Alaska. ____ ______ __ __ _
Hawaii ______________ _
Puerto Rico _________ _
I
36
23
21
71
23
30
14
33
21
19
64
23
28
77 ,
14 1
26
72
19
f-8 1
40'
5,5
37
14
14
31
43
37
7
9
20
601
71
57
20
,58
22
27
5
86
18
142,
40 1
11~1
nl
89
9
17
8
80
109
6
61
1~1
24 1
53 ,
101
3
1
6
16 '
401
3~
l~I
I
521
67
541
19
521
17
23
3
76
17
124
34
7
971
21[
451
82
71
16
8
72
99
~I
441
125
21 1
49 j
10 '
3
1
4
$1,708,848. 33
874,527.8'2
403,700.00
11, 228,183.82
426,303.33
596,778.33
126,550.00
713,730.00
3,333,516. 86
179,516 00
1,589,823.331
954,250.00
139,3i5.oo:
849, 7613.25 /
2,050,587.50,
100, 250. ooi
247,030.001
1,086,840.00
2, 040,685.00
4,980,950.00
857,510.00
416,890.22
4, 2,51, 203. 33
421,675.50
577.693.34
625,000.00
2, 117, 570. 00
371,932.70
.5, 695, 791. 67
3, 00,5, 470. 00
31,310. 00
4,988,572,551
,555, 516. 67
2,944,550.00
7, 162, lll. 291
1, 492, 916. 671
1,788,725.00
73,850.00,
4,009,460.40'
1,831,649. 90
354,750.00
77,100.00
2, 302, 112. ,50
1,5, 927,391.67 1
1, 03fl, 93,5. 71
2,197,850. 00 ,
180, 172. 761
337,600.00
200,000.00!
212., 500. OO i
$467,063.62
$.565, 655. 68
$683, 9i4. 371
437,055. 71
37,910.67
37,910.67
243,640.72
30,474.10
107, 433.33 1
3,587,142.68
32,866.66,
19,117.65
290,673.87
68,766.20
33,867.10
314,944.98
193,500.00
178,935.30
56,548.01 ------------------ ----- - -- -- -----260,124.41
170,862.50
118, M2.03
955,277. 36
1,549, ,16.92
828,417.31
42,257.48
61, 4H. 461
51,000 001
692,663.09
673. 725.00
470,793.94
71,311.69
464,543.85 1
145,900.00i
101, 700.26 I
8, 750. 00,
7, 416. 67
372,559.23 1
299,705.54
89,864.22
1,356,653.111
350,958.33
99,952.29
12,347.37
50,000.00
20, 162. 50
21,041.83
135,175.67
60,426.24
280,762.14
611,000.00
102,000.00
803,212.78
251,551.17
142,036.24
2,609,925. 45
523,367.00
287,415.77
362,928.42
33~, 105. 71
142,760.03
175,523.18
22,695.31
18,693.60
2, 876, 804. 78
204, 041. 49
137, 269. 16
111,763.42
274,480.76
202,850.23
262,197. 68
19,925.00
14,882.59
48,214.28
424,717.00
120,283. 00
1,094,039.81
587,570.00
326,822.03
79,095.16
218,212.50
65,611.19
3,482,327. 89 1
643,818.62
346,877.87
623,234.78
711,603.25 ,
1, 353,828. 42
960. 00
381.95
30,350.001
1,788,480.94
1,217,417.14
597,383. 20
171,460.62
6. 750.00
6,061.30
1, 341, 257. 96
1. 050; 920. oo
290, 487. 55
1,518,444.97
2,355,640.26
1,761,461.79
20,125.00
1,459,666.67
740,355.50
934,774. 07
428,178.65
427,098.65
54,875.00
5,850.00 - --------- ----- 1,674,905.08
1,185,600.00
560,264.31
613,094.05
313,269.74
174,309.30
28, 23,5. 31
,58, ,500. 00
33, 000. 00
43,300. 00
2,800.00
2,440.00
538,670.96
128,125.00
110,396.18
11,755,369.00
044,473.31
219,768.50
384, 2,55. 76
196, 870. 00
133, 143. 10
567,641.97
398,449.03
135,960.87
38,649. 38
33,770. 10
20,625.00
307, 873. 29 . ___ __ ___ __ _____ __ _______ -- _____ . _
200, 000. 00 ________ _________ _______________ _
30,000,00
145,000.00
108,335.13
I
Total. __________ , 1, 9931 1,790
See footnotes at end of table.
99,677,023. 49 :
4,5, 012, 068. 881
19, 361, 6fl4.07
10,455,245.06
28
QUARTERLY REPORT OF RECONSTRUCTION FINANCE CORPORATION
4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authori zations, withdrawals or cancelations, disbursements,
and amount outstanding,from Feb. 2, 1932, to June 30, 1940, inclusive, by States 1 _
Continued
TABLE
LO .\NS TO PUBLIC AGENCIES TO A.ID IN FINANCING PROJECTS AUTHORIZED UNDER FEDERAL, STATE, OR
11 U NICIPAL LAW
[Under seo. 5d of the Reconstruction Finance Corporation Act, as amended]
State
Num- Number of ber of
auborthori- rowers
zations
Amount authorized
Amount withdrawn or canceled
Amount di-;bursed
Amount outstanding as of
June 30, 1940 2
---Alabama ________ ____ __
Arizona ___ ____ ______ __
Arkansas ___ ____ ____ __ _
California _____ ____ ___ _
Florida _
- -Georgia __ ---__ ___- ----____ ____
Idaho ____ __ __ ____ ____ _
Illinois ____ ____ ___ ____ _
Indiana ___ ___ __ ___ __ __
Iowa __ ___ ___ ___ ___ ____
Kansas ____ ___ ____ ____
Ken~l!-cky ___ __ ____ ___
Loms1ana __ __ _____ __ __
Maine _______ ___ ______
11ichigan ____ __ _____ __
Mississippi_ __ ___ ___ __
Montana __ - --- - ---- New Hampshire _____ _
New Jersey ____ ____ ___
New Mexico __ ______ __
New York ___ __ _____ __
North Carolina __ ___ __
0 hio ____ ___ ___ ______ __
0 klahoma ___ __ ___ __ __
Pennsylvania ___ _____ _
South Carolina ___ ___ _
T ennessee _______ ___ __
Texas_ .. ______ ___ ______
Utah ___ - - --- -- ---- -,vashington
___ _____ __
"\-Visconsin ___ ____ ____ _
Total
-- - ----- - -
6
4
9
6
9
6
2
12
1
1
1
3
1
1
2
11
1
1
1
4
4
20
8
7
3
2
5
20
5
2
1
159
3
4
7
5
9
6
2
12
1
1
1
1
$.3, 646,000.00
515.000. 00
362, 300. 00
5,807,500. 00
2, 030,000. 00
4, 967, 991. 81
17,500.00
812,400.00
67,100. 00
255, 000.00
7,000.00
88, 000.00
19,000. 00
25,000.00
15,000.00
14,875,500. 00
175, 000.00
l, 769,000.00
418,000. 00
30, 000. 00
67,266,036.00
743,000.00
1, 454, 000. 00
766, 000. 00
61, 310, 000. 00
40, 000. 00
14,308, 000.00
16,223,500.00
186,000. 00
13, 720, 000.00
55, 000.00
139
211, 973,827.81
~
1
1
2
8
1
1
1
3
4
19
4
7
3
2
3
18
5
I
---
$246, 000.00
-- ---- 124,
--------000.00
164,100.00
211,000.00
66,000.00
12,500.00
667,000.00
67,100.00
255, 000.00
-- ---- ------------ - --- -- - - ---- --- - -- - -- -- - - -- -
25,000.00
5,000.00
227,000.00
- -- - -- ----- --- - -
- -- - -- -- --- - --- ---- -- ------- - -- - -- -- --- - -- - - -560,000.00
64, 000.00
737,000. 00
------- - - -- - - - - 2,907,167. 40
-- -- -- -- --- - - - - 6,000, 000. 00
210,500.00
63,000.00
-- ---- -- -- -- --- 55,000.00
$2,500,000.00
$2,500,000. 00
461,000.00
81,000.00
238,300. 00
181,300.00
5, 623,400.00
3,300.00
1, 606,000.00
1,155,000.00
4, 711, 991. 81
2,285,000.00
--- ------- - - -- ---- ------------ --- 53,400.00
53,400.00
---- - - -- ---------- ----- ------ -- ------- ----------- - - -- -- -- -- - -- -- -- 7, 000.00
6,650. 00
34,000. 00
34,000. 00
- - -- -- - ------ - --- - ------ ------- --- ---- ----- --- - ---- ----- -- --------- ----- -- --- --- -- - - - --- -------- - --9,162,000.00
4,159, 000.00
- - - - - - - - - -- -- - ---- -------- --- - --- 1, 769, 000. 00 -- ---- ----- -- --418, 000.00
406,000.00
19,800.00
19,800.00
9,700,036.00 ------- -- --- -- -205.000.00
115,000.00
717, 000. 00
49, 000. 00
621, 000.00
21,000.00
52,602,832.60
4, 592,118.36
10, 000. 00
10,000. 00
8,308, 000.00
8,307,600.00
3,015,000.00
702,500.00
-- -- -- ---- -- · --- -- ----- - -- -- ---- -10, 625,000.00
10,625,000. 00
-- -- ----- --- -- - --- ---- -- - ----- -- --
12,672, 367.40
112,407,760.41
35,306,668.36
TOTAL, SEC. 5e 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 ___ ___ ____ ____
N ebraska ____ ___ ____ __
Nevada ______ __ ______ _
New York ____ ________
North Carolina _______
North Dakota __ ______
Ohio ____ _____ _________
Oklahoma __ __ ___ _____
Pennsylvania __ _____ __
South Carolina _____ __
South Dakota __ ______
Texas ________ ___ ______
,vashington ___ _______
isconsin ___ ___ ____ __
,v
Total ___________
2
3
2
1
2
1
9
2
69
10
1
19
1
2
2
32
7
1
2
2
25
12
1
2
3
2
1
2
1
9
2
57
10
1
19
1
2
2
32
2
l
2
1
4
25
12
1
4
212
194
See footnotes at end of table.
$52,462.61
$729,989.61
$607,399.99
$793,034.17
9,994.78
35,392.87
35,901.55
508.68
7,238. 20 ---- -----------2,812.00
10,050. 20
1,100.00 ----- ---- ---- --1,100.00 ------ -- ---- --- 2, 008.55
604,535.36
76,049.67
680,585.03
22,500.00 -------------- -4, 100.00
26,600. 00
75,455.41
4,645.65
29,546.79
105,002.20
1,077.51
13,392.07
11,107.93
24,500.00
800,745.84
13,653,909.22
1,263,962.33
15,675, 959. 26
93,001.60
22,697.68
46,845.53
139, 847. 13
14,500.00 -- ----- ---- ---- 14,500.00 --- -- -- -- -- - - -- 121,031.61
187,529.32
66, 422.52
253,951.84
6, 000.00 ---- - ----- ---- ---- -------- -------6,000.00
8,753.99
14,231.50
2,691.22
16,922.72
15,005.00 ------------- --15,005.00 ------ -- -- ----- 286,621.97
523. 795.86
39,798. 12
563, 593.98
28,596,905.39 --- -- ----------32,297,735.58
70,259,749.73
2,644.65
8,372.49
427. 51
8, 800.00
265,044.50 - - --- -- ---- ---- 2,955. 50
268,000.00
1,135,512.92
1,992,746.60
199,753.40
2,192,500.00
120,850.05
229,667.48
88,007.38
317,674.86
35,096.01
101,873.32
92, 179.79
194,053.11
51,570_63
60,686. 69
14,313. 31
75, 000.00
6,161.96
· 15,574.15
86,146.93
101, 721.08
91, 780, 051. 86
34,383,826.801
47,262,446.64
3,216,813. 79
iVARTERLY REPORT OF RECONSTRUCTIO~ FINANCE CORPORATION
29
4.-l',.'umber of aut.hor-izations and borrowers, to wh·ich authorizations were
made; and amount of authorizat,ions, withdrawals or cancelat1:on~, disbursements,
and amount outstanding,from Feb. 2, 1932, to June 30, 1940, inclusive, by States 1Continued
rABLE
LOA:NS ON SELF·LIQUIDATIN'G PROJECTS
[Under sec. 201 (a), title II, of the Emergency Relief and Construction Act of 1932, as amended]
Num- N umbaeru~f brr of
Amount auAmount withAmount rlisAmount outState
b
thorized
drawn or canbursed
standing as of
thori~r- I
celed
June 30, 1940,
_ _ _ _ _ _ _ _ _ zations(~\\ers/___________________________________
!lnbama _____________ _
!\ rizona _____ - - _- - - - - - ~rkansas ____________ _
California __ __________ _
Colorado ____ - - _______ _
['c.nnecticut __ . ______ _
Florida ______________ _
Georgia _______________ I
Idaho ___ - _- - - - ___ - ___ _
Illinois _______________ _
Indiana ______________ _
Iowa _________________ _
Knnsas ______________ _
Ken~~cky __ - - _______ _
Louisiana ____________ _
Maryland_ - __ _______ _
Mich i~an . ___ - _______ _
Minnesota __ - - _______ _
Mississippi __________ .
l\Iissouri _____________ _
Montana ____ - _______ ..
NePraska ____________ _
New Hampshire _____ _
New Jersey __________ _
New ~Iexico. ___ . ___ _ .
New York ___________ _
North Carolina. _____ _
Ohio _____ ___________ _
0 klahoma ___________ .
Oregon _ ___________ _
Pennsyl rnnia ________ _
South Carolina ______ _
South Dakota _____ ___
Texas __ ______________ _
Utah _______ - - _- - - -- -Yirginia _____________ _
Washington _________ _
West Virginia . __ __ ___ _
Wisconsin. __________ _
Wyoming ____________ _
Puerto Rico _________ _
I
61
5!
101
13i
5
~1
6
$224, ooo. oo[
3
1, 703,500.ool·
10,
1,463,851.92
8' 310,655,700.00
2. 002, 233. 79
~I
$149, .soo. oo
13,500.00
515,000.00
6,732,602.94
5i2. 4~0. 00
1
$74, soo. oo
1,690,000.00
948,851.92
264,011,097.06
1,429,803. 79
$55, ooo. oo
1,535,000.00
594,810.06
13,000.00
877,500. oo
5
6
10
8
10
2
2
41
9
8
9
2
2
4
),~:~:~
i~:888:8Z--------7i4:930~78 ------440:000:00
41,000.00
19,000.00
22,000.00
3,000.00
60, ooo. oo ____________ ____
60. ooo. oo
60, ooo. oo
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
514,624.00
998,000.00
263,000.00
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
626,242.17
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
34,000.00
207,000.00
27,000.00
180,000.00 ---------------75,000.00
60,000.00
15, 000.00 ---------------250,000.00 - - ------ - ---- - -·
250,000.00 ------------- -3,361,904.37
85,90!.37
3,276,000.00 ------ -------- -6.279,600.00
309,000.00
5, 635,600.00
5,482,600.00
27,218,000.00
5,356,000.00
21,862,000.00
7,265,500.00
1,120,473.20
592,473.20
528,000.00
354,000.00
628,800.00
175,300.00
453,500.00
143,000.00
299,982.81 ---------- - --- - ·
299,982.81 ------ ---- -- --- 734,625.00
10,000.00
724,625.00
724,157.50
315,000.00
215,000.00
100,000.00 ------------ - ---
2i
l
4.~!:;:~I 3.:~i:~:~ ------1:~::::::: -------::::::~
2
2
]
1
}
1
1
11
1
1
Total __________ _ --19-2i
176
71
21
~, I
2
1
7
4
1
3
16
4
1
3
14
4
4
1
3
1
2
3
2
2
1
6
8
1
3
1
2
3
2
2
1
4
4
6
8
737,300.00
685,300.00
52,000.00
2,110,225.80
131,376.00
1,978,849.80
3,026,318. 37
2,476,318.37
550,000.00
3, 000. 00
3, 000. 001 -- - - - - -- - -- - . - -- - 40,000.00 ------ 125,000.00
--- -- --- -- _ ___________
40,000.00
125,COO.OO
_ ___ __
1,300,000.00 ---------------- 1
1,300,000.00
400.092,487.361~152,84~08 1
327,685,641.28
11,500.00
183,643.40
-------- - ------- - -- -- -- - - - - -- ----------------_______________ _
---------------19,732,265.24
LOANS FOR FINANCING REPAIR OF DAMAGE BY EARTHQUAKE, FrnE, TORNADO, OR CYCLONE IN
1933
[Under sec. 201 (a) (6), title II, of the Emergency Relief and Construction Art of 1932, as amended]
California___________ __
Kansas_____________ __
Louisiana_______ ______
i1aine________________
Tennessee ____________
TotaL __________
6
1
1
4
1
1
1
1
2
1
$7,500,000.00
1,000,232.20
200, 000. 00
1,650,000.00
100,000.00
--13,--61-
See footnotes at end of table.
$639. 00
886,527.32
43, 200. 00
990,627.04
130.74
$7,499,361.00 _______________ _
113,704.88
$104,474. 88
156. 800. 00
78, 304. 61
659,372.96 _______________ _
99,869.26 ________ _____ ___
10,450,232. 20,--1-,--9-21-,-12_4___l_O l---8-, -52_9_,1_08___10
182,779.49
30
QUARTERLY REPORT OF RECONSTRUCTION FIKANCE CORPORATION
4.-Num,ber of autho 6
, zations and borrowers, to wh1,'.ch authorizations wen
1nade; and amount of authorizations, withdrawafr or cancelations, di"sbur.sements,
and amount outstanding,frorn Feb. 2, 1932, to June 30, 19.t,.0, inclusive, by States 1Continued
TABLE
LOANS FOR FINANCING OF AGRICULTURAL COMMODITIES AND LIVESTOCK
(Under sec. 201 (d), title II, of the Emergency Relief and Construction Act of 1932]
- - -- - - -- - -- - - - - -- - - - - , - - - - -- - - - - - - - -- -- -
IN
i ·um- I1Num-
I
J..
ber of i ber of
' au- , b
i thori- I or-.
1zations jrowei s
1
State
·-
Amount aub • d
t orize
Amount withdrawn or canceled
'- --/- --,-----'-
Alabama____ ______ ___
Arkansas __________ ___
California .. ---- ---- -··Colorado______ ______ __
Delaware _______ ___ ___
Florida ____________ ___
Georgia ___________ ____
Illinois________ ________
Indiana _______ ________
Ken_t~cky ___ . ___ ____
Lo~1s1ana ______ __ _____
Mame ________ __. _____
:Maryland _____ ___ ___ _,
l\fassachusetts ________
::\fichigan___ __ ____ ___
~Iississi p pi. ____ __ _. __
~lissouri__ ____ ___ .. ____
Montana _____ ____ ____
~ewJersey_ __________
New York ________ ____
North Carolina_______
~forth Dakota. __ ______
()hio ______ __ _______ ___
Oregon_______________
Pennsylvania_________
Tennessee______ ___ ___
'fexas ______________ ___
Virginia ________ ______
·washington __________
\-Vest Virginia_________
'\Yi~consin_________ __ _
Puerto Rico__________
-I
1.
Total __________ _
Loans to Commodity
Credit Corporation 4Grand total. ___ _
11
5
21
1
1.
7
1
1
51
16
1
1
2
1
1
6
31
12
11
4
1O
1
2
2
7
2
5
1
2
2
1/
5
21
mi
2'
5
1
4
8.
4
11
5i
4
6
1
1
~
4
2
2
8
3
6
5
4
5
1
4
4
6
2
7
2
1
105
·-
Amount disbursed
·- -
Amount outstanding as of
June 30, 1940 2
·- - - - -
$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 ___________ __ __ _
fi, ,561, 511. 97
_3. 127, 589. rn1
·
2, 433, 222. 81
$129, 522. 66
50, 495, 000. 00
.'.>0, 452, 250. 00
42, , 50. 00 _______________ _
35, 000. 00
3,5, 000. 001 __________________ ______ ____ _____ _
575,000.00
200,000.00
375,000.00 _______________ _
350, 000. 00
138, 603. 71
211, 396. 29 _______________ _
570,000.00
442,402.80
127,597.20 ______ _________ _
60, 750. 00
60, 750. 00 __________________ _______ ____ _.. __ _
104, 000. 00
8, 000. 00 1
96, 000. 00
28, 304. 00
2,500.00
61.5.001
1,88,5.00 ______ __ .. ______ _
285,000.00
ll,432.03
273,567.97 -------~-- -- ---1,700,269.65
1,099,344.17
600,925.48 ______ _____ ____ _
120,000. 001
20,035.21
99, 964.79 ______ _____ __ __ _
6,000.00
1,080.00
4,920.00 ________ ___ ____ _
1,035,000.00 1
400,217.72
584. 782.28 1
367,000.00
350, 000. 00 i
195, 820. 71
154, li9. 29 _______ ________ _
318,500. OO I'
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 _______________ _
333,030.00
145,724.80
187,305.20 _______________ _
175,000.00
17.5, 000. 00 __________ ___ ___________________ _
1,571,313.44
9.5,750.00
1,475,563.44 _______________ _
1,000, 000.00
637,745.53
362,254.47 _______________ _
1- - - - - - - _ __ _ _ _ _ _ ,_ _ _ _ _ __
19, 644, 491. 78
86,061,513.08
66,367,021.30
28
1 1, 604, 712, 664. 99
836, 99fi, 702. 78
767,716,962.21 ---------- --- ---
187
106 1. 690,774,178.071
90:3, 362,724.081
787,361,453.99
524,826.66
- - - - - - - - - -- - - - - - - - -
AMOUNTS 1vIADE AVAILABLE FOR RELIEF AND
vY ORK
524,826.66
RELIEF
[Under sec. 1, title I, of tbe Emergency Relief and Construction Act of 1932, as amended]
Alabama_ __ ______ __ __
Arizona_ ______ ______ __
Arkansas______ __ ____ _
California___________ __
Colorado_______ ___ ___ _
Florida_______ _____ ___
Georgia_________ ______
Idaho____ ___________ __
I1linois________________
Indiana_______________
Iowa______________ ____
Kansas_ ______________
Kentucky____________
Louisiana_____________
Maine_ _______________
l\Iary land _______ • ____
:\.Uchigan_ ____________
Minnesota____________
:\IississippL __________
:\1issourL_ ___ __ __ ____
Montana.____________
Nevada_______________
14
7
7
9
8
6
20
5
13
15
10
7
9
6
6
2
30
8
8
16
21
10
See footnotes at end of table.
1
1
1
1
1
1
1
1
1
I
1
1
I
1
1
1
1
1
1
I
I
1
$4, 211, 688. 00
1,448, 269.00
4, 833, 967. 00
10, 081, 631. 00
3,832,990.00
3, 886, 5 l 2. 00
1, 745, 692. 00
1, 026, 566. 00
5.5, 443, 721. 00
.5, 179, 931. 00
2, 151, 430. 00
2, 592, 934. 00
H, 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
2132, 632. 00
__ ____ _________ _
--- -- - - ------ - -___ ____ _______ __
_. _____ ___ ___ __ _
-- - -- - --------- _______ '' ______ __
_____ ________ __ _
_C • _ .• _ - _ __ - _ - • • - 1
___ __________ __ _
- - .. - - - - - - - - - - . - -1
________ ______ __
__ ____ ____ ___ ___
__ _____ . __ ____ __
__ ____ ___ ______ _
- - - -- -- ---------- - - - ------- ---__ ____ _________ _
- - -------------- -- - ----------- ______________ __
____ ___________ _
_______________ _
$4,211 , 688.00
1,448, 269.00
4, 833,967.00
10, 081, f,31. 00
3.832,990.00
3; 886,512.00
1, 745,692.00
], 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, 0n8. 919. 00
---------------______ • ________ _
------------------------------------------------------------------------------------------------------------------------_______ ________ _
4,616,789.00 ---------------2, 3118. 285. 00 ______________ . _
262,632. 00 ----------------
QUARTERLY REPORT OF RECONSTRUCTION FINANCE CORPORATION
31
4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, disbursements,
and amount outstanding, frorn Feb. 2, 1932, to June 30, 1940, inclusive, by
States 1-Continued
TABLE
AMOUNTS MADE AVAILABLE FOR RELIEF
AND
,v ORK
RELIEF-Continued
[Under sec. 1, title I, of the Emergency Relief and Construction Act of 1932, as amended]
State
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 ________ __ _______
Num- Number of ber of
auborthori- rowers
zations
Amount authorized
"\Vashington. ___ _____ _
,vest Virginia ________
,v isconsin ___ _________
Ha waiL ______________
Puerto Rico __________
15
5
2
I
1
$1,366,603.00
2, 009, 291. 00
387, 903.00
26, 600,000.00
5,950, 000. 00
592, 768.00
19,272,205. 00
4,570,597.00
2,798,290.00
34,929,875.00
1,123,590.00
4,575,270. 00
1, 803,945. 00
3, 375,352.00
7,952,292. 00
2,923,439.00
3, 495, 304. 00
5, 977, 430.00
9,655, 218. 00
12, 395,362. 00
394,935.00
350,000.00
Total ___________
442
44
300,000,000.00
Virginia _________ _____
3
1
5
5
5
11
37
5
16
7
~ f>S:231-40-5
1
l
1
1
1
2
1
7
1
1
1
5
13
13
9
20
18
See footnotes at end of tnble .
•
1
1
1
1
1
I
1
1
1
1
1
I
Amount with
drawn or canceled
Amount disbursed
$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
-- --- - -- ---- ----- -- - --- -- -- - -------- -- ----- -- - - - --- - - - -- - - - --
-------- - -- ------ - --- - --- -- ---15,000.00
------ - --- -- ----
- - - -- -- - - - --- ---
-- --- - - - ---- ----- --- - -- - - -- ----
- - - - - -- ----- ----
-- - -- - -- ---- ----- -- - --- --- ----1. 00
- ------- ----- ---
- - -- --- ------- --- -- ---- - -------
- - - - - - - - - - - - - - -- ---- - - - - --- - -- - -
-- - -- -- - ---- ---- -- --- - - --- ----15. 001. 001
11
299, 984. 999. 00
Amount outstanding as of
June 30, 1940 2
-- -------- - - -- -------- ---- -- -- ---- - - -- --- --- ---- ---- ----- - - - - - - - - -- --------- - - --- ---- - - - -- -
-- --- - ------ ---- - - -- - -- ------ --
--- -- -------- ----------- -- -- - -- ------- ------ --- - ------ ----- --
------ ------- - - -- - - - - - - - - ---- --
-- ---- ----- - - - --- ---- - - ---- -- - -
---- -- -- - - - -- -- --- ----- -- - - - ----- ----- ~-- - - -- -- -- -- -- - ---- - - - -------- -- -- - -- -------- --- - --(l l)
'l'ARJ.E
4. --- Number of author1:zatfons and borrowers, to whi'.ch authorizations were 1nade; and amount of authorizations , withdrawals or cancelations, d1:sburse-rnents, and amo,u nt O'utstanding from Feb. 2, 1932, to June 30, 1,940, i nclusive, by States 1
TOTAL, ACT APPROVED MAR. 9, 1933, AS AMENDED
[Loans on and subscriptions for preferred stock, and purchases of capital notes or debentures, of banks and trust companies]
State
- - - - - - -- --
Number Number
Less:
N umber
of author- of bor- Duplica- of bor•
izations rowers
tions 12
rowers
--
------
Alabama_ . _. ...... __ __. . __ __ _... . _._. _---. ------- -----Arizona_· ---·-- -·-··-- ----·-- --- - ------ ---- --- ------ -- Arkansas ... ----·-· ----------- -- ----- ---- ---- ----- --·- California.___ ___ _·- ___ __ __ ___ -_____ -_----- .. ---- ---·- --Colorado ___ __ __ ______ _. ____ __ ___ __. __ ____ _. __ _. ____ ___ _
Connecticut
____
_______-__ _.. ---------- --. -------Delaware ___ ...
__ ___.___
_____
_. ____ ____ ___ _______ ___ ____ ___ _
District of Columbia __ __. ______ __ ___- _- _-___ __ - _----- __
Florida_. ____ __ ___ ___ ____ ___ ___ _____ ___ _____ ___ ___ _____
Georgia ___ __ __ __ ____ ____ _______ _____ ________ ___ _____ ___
ldahO ---- ------- - --- --- -· -· ------ -·· ---- ---- · -·- ---- Illinois __ . __ _._. ___ ____ . -·
. ___ ___ _·· ---- · ---- ·-·-- --- ---- Indiana--------·-·
---------·-·-·
-- -----_
Iowa __ _. ____________ __. _.···--___ __.--___
. __ ---_. _____
_____
_____
Kansas_ ... _. _. ___ _-. _. _-_. -. ---------------- ----. ---.. -
98
6
139
154
63
87
15
9
65
101
35
264
347
158
232
145
205
46
79
94
224
317
f;~~~~::~~~=====
=== ==·=··
=====
==--=== ·===
======~
=====
===---==
Maine ____ · · -- -----··-· ----------- =
-------
Maryland . _____ . ____ ___ _. ____ . _______-_-_-----------_Massachusetts ___ _--· - _____ __. ________ · ------ ---- --·- -Michigan ___________________ · -- -· --------------- --·--- Minnesota . ___. ____ _______ ________
___ __ ___ ____ __. ____ __
290
281
80
793
4
16
~~~:~~~r~~~===
========
====
==----== == ==· --------== ======= ---=== ====
== ==Montana_··--- -·
---- -·----------
N ebraska __ __. __ ___ ______ . . ______ ____ . _____ ___ ____ ___ _.
Nevada._ ... ____ __. ____. ___ _____ _. ____ . _--- ---. ------_New Hampshire-- --- -- ·-- --· --- ----------- ----- ----- -New Jersey __ · · -- -----· · --·-- --· ---- --· -- -·-- -·- · ----- New Mexico· ----·-·· ---·---- -·-· -·- --· ·-- --·-·---·-- -New York---· · ··-·-·-·--··-· -···-·-- ---·-·-···-·-·---North Carolins.-- -·-- --·-· ---· ----·· ---- -· --- ·- -- · -·-N orth Dakota .. _.. ___ ._._ . .. ____ __._ .. __ ______ . _----- __
Ohio.-·•-·-····-· -·- ·· ---------- --- -·-·- ·- --- -· -· --- --Oklahoma ..... . . __ _._ . . ... ---· -------- ---· -·-- ----- -- Oregon ... -- --····-- ---·--- · ·· · ·-·-····-·· ---- -·-·- ----Pennsylvania ..... --- -·-·-·-·-·- · ··-·····-·-·-·-·- --·--
•
361
25
721
148
155
461
82
61
452
85
7
6 -- -- --- - - 133
6
142
4
59 - - - - -- -· - -43
1
78
6
127
138
59
42
----- ---- --
14
14
8
53
96
29
254
308
1.'54
221
136
201
45
70
76
207
290
288
254
79
209
4
16
278
22
625
142
143
438
--- - --- - - -
7
1
1
2
-- --- -- --1
------ --- -
-- -- --- --81
4
2
- - -·· --- - - -
2
8
129
1
19
48
---- ----- -
---- ----- 30
---- ---·-- 94
1
2
3
58
6
56 -- -- · - ·· ---
386
11
8
46
95
28
252
308
153
221
136
120
41
68
76
205
282
159
253
60
161
4
16
248
22
531
141
141
435
52
56
375
Amount
auth orized
Amount withdrawn or canceled
--
$16,493,200. 00
$289,625.00
2,455,000.00
25.000.00
5,365,500.00
946,500.00
12,393,845.00
108,423,070.00
5,040,000.00
146,500.00
1,417,674.00
8,609,800.00
2,680,000.00
2, 112, 700. 00
5,200,000.00
2,300,000.00
2,332,200.00
131,000.00
1,062,000.00
5,897,500.00
2,335,000.00
205,000.00
3,048,385.83
94,779,500.00
18,839,~50.00
1,873,000.00
2,402,000. 00
12,665,000.00
6,049, 250.00
776,500.00
2,302,650.00
11,382,500.00
1,060,000. 00
16,607,000. 00
2,047, ,500. 00
11,173,000.00
11,408,130. 00
2,059,960.00
3,356,800.00
20,031,000.00
3,239,839.00
43,965,100.00
18,083,125.00
704,600.00
1,055,000.00
15,718,150.00
4,893,375. 00
25,928,300.00
rn3,soo.oo
4,214,000.00
970,250. 00
9,548,300.00
205,000. 00 -··- - - --- -- ------- -- .
611,365.00
1,398,000.00
9,540,283.93
106,001,800.00
362,500.00
1,077,500.00
411,551,200.00
75,531,365.84
694,000.00
8,182,500.00
490,000.00
4,534,500.00
100,565,764.00
7,133,527.00
357,000.00
11, 301, 000. 00
2,300,000.00
350,000.00
10 251 753.50
56 286 850.00
Amount
disbursed
$16,203,575.00
2,430,000.00
4,419,000.00
96,029,225.00
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, 72f., 261. 00
17,378,525.00
14,003,150. 00
21, 034, 925. 00
4,030,500. 00
8,578,050.00
Z.05,000.00
786,635.00
94,461,516.07
715,000. 00
332,172,834.16
7,488,500.00
4,029,500.00
93,432,237.00
10,944,000.00
1,950,000.0!)
46 010 096. 50
Amount outstanding as of June 30,
1940 2
$7,608,180.9 7
1, 196, 600. 00
2,448,083.89
65,366,392.1 7
1, 711,800.00
5,1 87,158. 00
2:)9, 700.00
1,G12,800.00
829,229. 01
2, -159,895. 57
1, 266,700.00
8, '.23\J, 297. 11
9,302,060. 00
4,361,890. 00
2,835, 374. 23
5, 092,666. 95
!), 740, 277. 50
4, 986, 501. 92
6, 535,430. 96
7,157,995. 90
25, 249,529.16
6, 361,237.92
6,304,213.82
6,018,277.85
822,530.00
2,318,570. 54
12,500. 00
264,135. 00
78,284,127.16
489,200.00
65,250,930.68
3,943,325.00
2,090,380.74
44, 561,.179. 29
1,403,914.98
574,675.00
34,285,044.01
Rhode Island ___________________________________ __ ____ _
South Carolina _____ ___ . ___________ ._ . ___ . __ ___ .. _____ . _
South Dakota _____ .. ___ . ___ . ____ ._._ .. _.. _ . . _. _ ___ ..
•rennessee - - - - - -- . - - - - - -- -- -- - - . - -- -- -• .. . -· . .. - -- -- --- -. .
'rexas __________ ______________ ___________ __ _______ __ ___ _
Utah ____________ _________________ __ _________ ____ __ __ .
Vermont ____ __. ___ ______ ________ ___ __ .. ____ ______ __ _. _.
Virginia __ . ____ __ . ____ . _. ___ . _. ____ ___ __.. _. _. _.. ___ ___ .
Wsshington _.. _. __ . _. _. __ . ____ . .. . _____ .. . __ ______ . .. _.
:Wyoming
r:io~!rt~i~-_- _-~ ::::::::::~ :::::::::::::~ ::::~ :~ ::::-.
___ __. _. ____________ ____. _. ___ ___ _. . . __. _. ___ _
Alaska. __.. ___ . . _. _. _. _.. .. _. .. - . .. - . __ . ---- . . . - . . -- . - ... Puerto Rico.___ ..._
._. ________ ..... ._._...________._____..._____.
Vir~inlslands___ __ ________ __ __ _ _
Total. _____ ______________ ... _ _ _.. ____ . _. ___ .. . . . .
Flu bseriptions for preferred stock of:
fi~xport-Import Bank of Washington 4 _ _ _ _ _ _ _ . ____ __
Hecond Export-Import Bank ofWasbington, n. C. 4
Grand total . _________________ ________ _________ __ .
5
46
143
138
467
45
62
177
118
105
r,ig
:n
l
4·
3
4
41
129
135
---------.
- -.--·•
447
44
60
164
112
95
458
-n
.. -
-- . - - -
-·
.
1
2
4
1
1,100,000.00
2,946,800.00
4,522,100.00
14,221,550.00
36,594,750.00
4,360,000.00
17,295,000.00
12,788,000.00
8,246,500.00
6,996,000.00
3~,313,500.00
1,687,500.00
37,500.00
1,500,000.00
251,000.00
6,864
1,339,487,189.00
1
1
99,000,000.00
2,500,000.00
6,866
1,440,987,189.00
4
41
128
133
443
44
-
60
-
16:J
112
95
- . - - . . .. - I
. - . - ... . - -
-·
4
2
1 - .... - - 4
1
l ----. - - - -
454
25
f
3
------ - - - ------ -- - - - ----·------ ·· -8,690
4
1
8,695
7,350
486
1 ------- -- 1 -------- --
7,352
486
201,500.00
160,000.00
84,000.00
1, 662, 500. 00
5,190,625.00
3lfi,OOO.OO
2,093,350.00
l, 732, 000.00
534,933.34
4,727,900.00
32(),000.00
250,000.00
126,000.00
173,672,807.44
173,672,807.44
898,500.00
2,786,800.00
4,438,100.00
12,559,050.00
31,404, 12..'l. 00
4,045,000.00
17,295,000.00
10,694,650.00
6,514,500.00
6, 4(H, 066. 66
:-tl, 585, 600. 00
1,367,500.00
37,500.00
1,250,000.00
125,000.00
636,065.00
1, 436, 200. 00
2,271,539.32
9,a79,107.o9
13,885,524.48
1,410,411.43
15,737,808.00
5, 598, 021. 25
2,503,100.00
2,455,950.21
21,074,859.17
678,800.00
1,159,877,381.56
500, 558, 251. 28
74,000,000.00
2,500,000.00
74,000,000.00
1,236, 377, 381. 56
574, 558, 251. 28
1-------1
390,000.00
119,000.0U
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -- - -- - -- - -- - - - -- - -- - - - - - - - --•-.----- - - - - - - - - See footnotes at end of table.
34
QUARTERLY REPORT OF RECONSTRU CTION FINANCE CORPORATIO N
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, 1940, inclusive, by
States 1-Continued
TABLE
LOA.NS ON PREFERRED STOCK OF BANKS AND TRUST COMPANIES
[Under the act approved Mar. 9, 1933, as amended]
INum- lNumber of.ber of
author- boriza- rowtions ers
State
--
Amount
authorized
Amount with drawn or
canceled
Amount
disbursed
Amount outstanding as of
June 30, 1940 2
--
Alabama _______ ___________
19
Arizona __ _____ __ ______ ____
1
Arkansas _____ ___ _________
7
California ___ ____ _____ _____
13
Connecticut ____ _________ _ 42
Florida __________________ _ 16
Georgia ________ __________ _
2
Idaho _______ --- ----- -----1
Illinois __ __ ______ ___ _ _____ _
l
Iowa ___ ___________ ________
1
Kansas ______ ___ _____ _____
2
Maine ______ ____ __________
4
Maryland _____ ____ ___ ___ _
5
Massachusetts ___ ___ ______
12
Michigan ______ __ ______ ___
2
Minnesota __ ___ ___________
22
M ~ssissi ~pi ___ ___ ___ ______
l
M1ssour1- _____ _________ ___
1
Montana ________________ _
1
Nebraska ___ __ ______ __ ___ _ 689
New Jersey _____ __________
73
New York ______ __ __ _____ _ 88
North Carolina ______ __ ___
3
North Dakota ________ ____
3
Ohio ___ _________ ___ _______
2
0 klahoma __________ __ ___ _ 28
Pennsylvania ___ ________ __ 56
South Dakota ____________
6
Tennessee . __________ _____
..,2I
Texas ____________ ___ _____ _
Virginia _____________ ___ __
4
W~st Vi~ginia ___ __ _______ _
1
W lSCOilSIIl ________ ___ ____ _
4
,vyorning _____ ______ ___ ___
3
9
1
7
6
1
7
1
1
1
1
2
4
1
3
2
8
1
1
1
106
29
42
3
1
1
6
12
1
2
5
1
1
3
2
--Total __ _____ ________ 1,122
273
$3,180,600. 00
50,000.00
549, 500.00
33,071,050.00
309, 800.00
143,800.00
25,000.00
25, 000.00
12,500.00
50,000.00
28,000.00
573, 000.00
30,630.00
506, 000.00
437,500.00
175,625. 00
22,650.00
1, 548,000.00
10,000.00
2, 811, 700. 00
4,929, 050. 00
2,122,150.00
187,500.00
20,000.00
2, 400. 00
791, 000.00
410,550.00
6, 100.00
300, 000.00
351,420.76
20,000.00
200,000.00
83,000. 00
115,000.00
53,098, 525.76
$32,025. 00
$3,148,575. 00
$36, 018. 47
50,000.00 ---- ------- --- -- --- --- --------549,500.00
168,433.89
-------- - ------3,062,950.00
30,008,100.00
27, 41fi, 079. 07
160, 000.00
149,800.00
---- ---1,000.00
142,800.00 ---- ----18,729.
01
25,000.00 ---- -------------------------- 25,000.00 -------------- - - ----- - -- - --- - -12,500.
00 ----- --------------- - -- --- - -- -50, 000.00 ------------------- ------ ---- -3, 000.00
25,000.00
11,126.79
47, 500.00
525,500.00
483,816.92
30,630. 00
-- --- - -- --- - - ---- ------506,000.00 -------141,045.90
----- - --- --- -- -5,300.00
432;200.00
300,000.00
174,025.00
1,600.00
114,080.02
22,650.00
6,359.51
-- - - --- - - - - -- --1,548,000.00 -------- ---- -- - - ------------ ---10,000.00 ------ ------------- ----------- 2,563,000.00
248,700.00
349,570.54
1,702,100. 00
3,226, 950.00
486,691.16
227,950.00
1, 894,200.00
1,063,570. 03
12,500.00
175,000.00 ------ -- -------20, 000.00
15.000.00
-- ------- - -----2,400.
00
328.29
---- ---------264, 500.00 526,500.00
11,821.23
27,100.00
383,450.00
201,229.67
fl, 100.00
2,703.89
---- ------ -----300,000.
00
71,990.09
- ---- - ------- - -300,000.00
51,420.76
1,934.24
15,000.00 ---- ---- -------5,000.00
200, 000. 00
84,970.21
---- -- -- -- --- - - 83, 000.00 ------ -- ------------- ----- ----115,000.00 ------ ---------- ------- -- ---- - 4,5, 449, 300. 76
7,649,225.00
30,984,498. 93
SUBSCRIPTIONS FOR PREFERRED STOCK OF BANKS AND TRUST COMPANIES
[Under the act approved M ar. 9, 1933, as amended]
Alabama. __ ___ ______ __ ____
Arizona ___ ___ _________ ____
Arkansas ___ __ ______ ____ __
California ____ __________ ___
Colorado ___ ____ _____ ____ __
Connecticut_ ____ _____ ____
Delaware ________________ _
District of Columbia ___ ___
Florida _______ __. ____ ___ __
Georgia _____ ____ __ ___ ___ __
Idaho __ ______ _____ -- ---- -Illinois ___ ___ ____ __ _- -- _-- Indiana __ ___ __ ___ ___ ___ __ _
Iowa ___ ___ ___________ ____ _
Kansas _____ __ __ __ __ __ ___ _
Ken_t~cky __ . ___ _____ ___ __
T,ol.ilsiana ___ ___ __ _______ __
Maine __ ____ __ ____ ___ ___ __
Mary Ian d __ _________ _____
Massachusetts __________ __
Michigan ___________ __ __ __
Minnesota ____ _____ ___ ___ _
Mississippi ____ ___ __ __ ___ _
M issourL _____________ ___
Montana ___ __ ____________
I
79
4
132
140
63
45
5
4
49
21
34
154
62
157
230
145
103
30
19
82
221
110
154
103
54
See footnotes at end of table.
76
4
126
135
59
42
5
3
46
20
28
148
61
153
219
136
101
29
15
73
204
106
152
93
53
$13,312,600. 00
1, 565,000.00
4,816,000.00
70.352,020.00
5,040, 000.00
8, 300,000.00
165,000.00
3,400, 000.00
2,188,400.00
2,522,500.00
2,310,000.00
85,496,000.00
7,847,500.00
12,fi15,000.00
6,021,250.00
11,382,500.00
10,871, 000.00
8,160,000. 00
4,250,000.00
19,525,000.00
42,827,600.00
13,803,500.00
9,315,000.00
11,033,800.00
3,612,000.00
$257,GOO.OO
25,COO.OO
946,500.00
9,330,895.00
146,500.00
1, 257,674. 00
27,700.00
2,300,000.00
130,000.00
825,000.00
205,000.00
1,348,385.83
659,000.00
2, 402,000.00
773,500.00
2,302,650.00
425,000.00
1,000,000. 00
1,282,460.00
3,356,800.00
3,234,539.00
400, ()00. 00
495,000.00
902, 875.00
123, 500.00
$13,055, 00C.00
1,540,000. 00
3,869,500.00
61,021,125.00
4,893,500.00
7,042,326.00
137,300.00
1,100,000.00
2,058, 400.00
1,697,500.00
2,105,000.00
84, 147,nl4. 17
7,188,500.00
10,213,000.00
A, 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
8,820,000.00
10,130,925.00
3,438,500.00
$7, 572, 162. 50
1,196,600. 00
2,279,650. 00
35,701,313. I 0
1,711,800.00
5,187,158. 00
123,300.00
692,800. 00
810,500.00
801,250. 00
1,2n6,700.00
4,789,295.00
2,693,520.00
4,361,890.00
2,824,247.44
5,692,606.9 5
5,720,277.50
3,233, 935. 00
2,057,540. 00
7,016,950.00
24,949,529.1 6
4,400, 397. 00
6,265,354.3 1
3,103,550.00
716, 030. 00
QUARTERLY REPORT OF RECOXSTRUCTIOX FL~ANCE CORPORATIOX
35
4.-i.V1tmber of mtfhorizations and borrowers, to 1.ohich authorizations 'WNe
m'ade; and anw1.1nt of authon·zat-ions, withdralvals or cancelations, disbursenients,
and amount outstanding, from, Feb. 2, 1932, to June SO, 19.1,-0, 'incl1.1.sive, by
States 1-Continued
TABLE
SVHSCRIPTIOXS FOR PREFERRED
State
iNum-lNumlbl'r of;ber of
i au- bor' t~10r- rowI 1za- ers
STOCK
OF BA~KS AND TRUST
Amount
authorized
COMPA~IEs-Continued
I
I
I Amount with•
drawn or
canceled
\
Amount
disbursed
Amount outstandillg as <:f
June 30, 19-10 z
[ tions
---------
~ebraska_ ______________ __
53
Nevada________ ___________
4
New Hampshire__________
16
:New Jrrsey_ ______________ 285
New ~fo-;ico_ _____________
25
New York________________ 331
North Carolina___________ 145
)forth Dakota.___________
36
Ohio ___ ____________________ _100
Oklahoma ________________
54
Oregon___________________
21
Pennsylvania_____________ 396
Rhode Island__ ___________
5
~outh Carolina___________
14
South Dakota____________
36
Tennessee _____________ ___ 136
Texas ____________ _________ 172
F tab_ ____________________
10
Vermont__________________
42
Virginia_ _________________ 173
·washington . . __ ____ ______ 35
,vest Virginia_____________
38
Wisconsin ________________
69
Wyoming_________________
28
~\laska ____________________
1
Puerto Rico ______________
1
Virgin Islands____________
3
53
4
Hi
247
22
311
139
35
91
52
21
374
4
11
34
133
162
10
42
lfi3
30
37
62
25
1
1
1
Total. ______________ 4,42!:l 4,168
Subscriptions for preferred stock of:
Export-Import Bank
of ,vashington 4_____
4
1
Second Export-Import Bank of "rashington, D. C.4_ ___ __
I
1
Grand total. ________ 4,434 4, 170
$672,550.00
$5,349.9))0.00
$6,022.500.00
$1, 531. 950. 00
20[), 000. 00
205,000.00 ------- - -- -- ·--- - 12,500.00
1. 39~, 000. 00
611. 365. 00
786.635.00
264,135.00
90,634,5GG.07
99,i22,750.00
7,088,183.93
77, 197,43G.OO
1,077,500.00
362,500.00
715.000.00
4;;9,200.00
8, {i68. 41,5. 84 159. :324, 4~4. ln
171.839,850.00
46, 078, 83.'i. 65
7,995,000.00
681,500.00
7,313,500.00
3,943,325.00
2,470,500.00
40,000.00
2, 415, 500. 00
740,100. 00
1,686,027.00
36,608,337.00
17, 38,t, 326. 00
38,294,364.00
92,500.00
10, 510. 000. 00
10,417,500.00
1,392,093.75
915,000.00
25,000.00
890,000.00
130,300.00
10,224,653.50
55,876,300.00
45,626,646.50
34,083,814.34
1,100,000.00
201,500. 00
898, .500. 00
636,065.00
1,570,000.00
90,000.00
1,660,000.00
9';"3,500.00
25,000.00
2,948,000.00
1,425,850.00
2,9,3,000.00 I
1,662,500.00
13,921,550.00
12,259,050.00
9,307,177.00
26,740,329.24
3,140,125.00
23,600,204.24
10,301,3ti9.24
l,590; 000.00
265,000. 00
1,325,000.00
523,811.43
7,770,000.00
6, 239,133.00
7,770,000.00 - -- - -·· - ·· -------10,679,650.00
12,768,000.00
2,088,350.00
5, 598, 021. 2,:'i
4. ,520, 000. 00
1, 430, 000. 00
3,090,000. 00
1,845,075.00
119, 9:33. 34
3.245,066.66
3.365,000.00
539,300.00
16,996,000.00
1,445,400.00
15,550,600.00
9,751,400.00
1,572,500.00
320,000.00
1,252,500.00
678,800.00
37,500.00 ------- -- - -- -- -37,500.00 ---------------250,000.00
250,000.00 ------··------- - - ------ ---------251,000.00
126,000.00
125,000.00
119,000.00
852,573,313.24
771,162,230.80
367,045,233.62
74,000,000.00
74,000,000.00
2,500,000.00 --------------- 2,500,000.00
954,073,313.24
75,474,082.44 847,662,230.80
--- -----------·-
75,474,082.44
99,000,000.00 ----------------
441,045,233.62
PURCHASES OF CAPITAL NOTES OR DEBENTURES OF BANhS AND TRUST COMPANIES
[Under the act approYed Mar. 9, 1933, as amended]
I
Arizona _______ _____ ___ ____ I
1
California. ________________
1
Delaware . ________________
10
District of Columbia. _____
5
Georgia ___________________
78
Illinois ____ ____ ____________ 109
Indiana _____ ______________ 285
Louisiana. ________ ________ 102
~faine ____________________
12
~faryland. _______________
5.5
Michigan ___ ______________
1
~finnesota _. __ _______ _____ 185
~1 ississi ppi _______________ 13.5
~l\lissourL . ________________ 180
:l\,fontana _________________
25
Nebraska. ________________
51
New Jersey ______________ _
3
New York ________________ 302
North Dakota. ___________ 116
Ohio __ ____________________ 359
Oregon . _____ . ______ ______
40
South Carolina . __________
32
South Dakota ____________ 101
Texas _____________________ 288
Utah _____________________
35
See footnotes at end of table.
1
1
9
5
75
105
247
1
I
100
12
54
1
176
135
160
2,5
50
2
272
107
346
35
30
94
280
34
$840,000.00
5,000,000.00
2, 51.5, 000. 00
1. 800,000.00
3,350,000.00
9,271,000.00
10,991,750.00
5,736,000.00
2,440,000.00
7,127,500.00
700,000.00
4,104,000.00
6,380,500.00
13,346,500.00
592,000.00
714,100.00
1,350,000.00
237,589, 200. 00
2,044,000.00
62,26!J,OOO.OO
1,385,000.00
1.286,800.00
1,513,000.00
9.503,000.00
I 2, ;,·o, ooo. oo
I________________
$840, 000.00
5,000,000.00
$2,250,000.00
430,000.00
86.400.00
1,800,000.00
920,000.00
---- - - - - -------1, G58, 645. ,57
237,000.00
3,113,000.00
1,700,000.00
7, 571. 000. 00
:), 450, 002. 11
1,214,000.00
9,777,750.00
6,608,540.00
t,, 10 I, 000. 00
635,000.00
20,000.00
1,440,000.00
1. 268, 750. 00
1,000,000.00
6,350,000.00
777,500.00
4,477,890.96
700,000.00 ------- - ------ ------ -- ---- --- -3,801,000.00
1,756,760.90
303,000.00
5,820,.'.iOO.OO
;-;2, 500. 00
560.000.00
10,904,000.00
2,442,500.00
2, 914, 727. 85
lOG,500.00
10.000.00
582,000.00
665,100.00
437,050.00
49,000.00
600,000.00
000,000.00
750,000.00
17, ,i08, 525. 00
66,635,000.00 170,954,200.00
1,594,000.00
4.'iO, 000. 00
1,335,280.74
56, 821, ,500. 00
27, 176, 52,5. 00
5,447,500.00
444, 37,5. 00
325,000.00
1, 060, 000. 00
I
70,000.00
1,216.800.00
462,700.00
59,000.00
1. 484, 000. 00
842,985.43
1, 7,50. 500. 00
7, 752, ,500. 00
3,:,82,221.00
2, 720, ()Of) . 00
I
,50, 000. 00
88G, 600. 00
- ----- --------- --- - -------- ---$2,085,000.00
I
II
I
36
QUARTERLY REPORT OF RECONSTRUCTION FIKANCE CORPORATION
4.-Number of authorizations and borrowers, to which authorizat1:ons were
made; and amount of authorizations, withdrawals or cancelations, disbursements,
and amount outstanding, from Feb. 2, 1932, to J vne 30, 1940, inclusive, by
States 1-Continued
TABLE
PURCHASES OF CAPITAL NOTES OR DEBENTllRES OF BANKS AND TRrST COMPANIES-Continued
Num- I
INberum-Iof,ber
of
author- boriza- rowtions ers
State
Amount
authorized
Amount withdrawn or
canceled
Amount
disbursed
Amount out
standing as of
.Tune 30, 1940 2
I
I
Vermont_ ______ __________ _
Washington ______ _______ _
\\. t · 1rg1n1a ____________ _
\ \ 1sconsm _______________ _
Puerto Rico ______ ____ ___ _
~~s
,r· . .
i
18
20
83
66
456
3
82
57
393
3
TotaL ______________ 3, 139 2, 909
$9,525,000.00 ---------------$302,000.00
3,726,500.00
415,000.00
3,431,000.00
21,234,500.00
3,282,500.00
1,250,000.00 ---------- -- ---433,815,350.00
90,549,500.00
$9,525,000.00
3,424,500.00
3, 016, 000. 00
17,952,000.00
1,250,000.00
$9, 498, 375. 00
658,025. 00
1,831,680. 00
11, 323, 4,59. 17
390,000. 00
343,265,850.00
102, 528, 518. 73
:
TOTAL, SEC.
36,
TITLE
II,
OF THE EMERGENCY FARM MORTGAGE ACT OF
1933,
AS AMENDED
[Loans to drainage, levee, irrigation, and similar districts, etc.]
..\.rizona__________ _________
Arkansas_______ ______ __ __
California_____ ___ ______ ___
Colorado__________________
Florlda___________________
Idaho ___________________ __
Illinois__________ ______ ____
Imva __ ___________________
Kentucky ______ __ ____ _____
Louisiana _________ __ ______
!v!innesota _____ __________
I\I ississippL ______________
:\! issourL ________________
:\Iontana________ ___ ______
:--J ebraska_ ________________
NeYada __ _______ ______ ____
New l\fexico_ _____________
XorthCarolina ___ ________
Oregon ___________________
South Carolina___________
South Dakota__________ __
Tennessee________________
Texas _____________________
t~tah ____________ ______ __ _
Virginia __________________
Washington______________
\Visconsin_________ _______
Wyoming _________________
21
143
141
60
67
59
94
13
4
21
1
ll 7
108
30
15
6
12
2
60
7
6
7
138
16
2
30
1
3
I
I
8
85
61
32
34
29
44
7
3
19
1
71
76
18
10
4
10
2
26
6
6
5
60
12
2
17
1
2
$3,101,040.83
$3,202,773.93
$13,884,453.77 $10,633,939. 11
11,327,062.81
12,435,859.03
2,172,083.82
15, 144, 245. 51
24, 647, 406. 75
25, 149, 921. 09
8, 451, 245. 92
49, 603, 346. 61
2,601,418.05
2,817,993.08
2,251,601.01
5, 14·1, 841. 35
4,525,876.18
4,738,291.50
492,551.00
5,458,531.44
1,594,903.93
1,747,086.12
893,695.86
3,063,715.33
2, 504, 816. 03
903, 961. 88 1 2, 769, 656. 18
3, 860, 385. 67
168,386.83
194,836.55
183,000.06
383,500.00
64,503.83
69,603.70
21,8,54.36
01,932.45
762,196.53
813,181.07
671,116.73
1,494,433.77
302,500.00 __ __ ____ _________ ____ __________ _
302,500.00
3, 981, 927. 44
4, 756, 412. 61
659, 025. 66
5, 435, 235. 56
5, 802, 413. 87
6, 664, 187. 52
1, 430, 533. 9-1
s, 1ao, 349. 86
1,131,733.91
I,207,9CH.29
522,138.96
1,960,749.31
1,480,000. 00
1, 564, 666. 66
126, rn3. 54
1, 694, 330. 20
493,000.00
534,576.06
434,856.94
969.433.00
733,500. 00
868,385. 87
84. 807. 76
963,807. 76
35,500.00
36,999.84
1,000.16
174,000. 00
2,583,301,82
105,928.20 ! 2,830,575.13
3,082,236.46
131, 000. oo
149, 928. 37
155, 2:31. 63
305, mo. 00
123,700.00
150,100.00
6,000.00
156,100.00
83,899.49
91,799.49
18.000.00
110,300.00
14,292,771.20
15,135,787.34
1,022,169.,52
16,852,824.64
247,000.00
315,499.96
322,000.04
637,500.00
128,500.00
136,000.00
200.00
136,200.00
990,500.00
1,168,372.90
257, 122.80
1,425.495. 70
22,000.00 _______________________________ _
22,000.00
59,700.00
62,400. 00
68,900. 00 _________ ___ ____
TotaL ______________ 1, 1841 651,. 140, 556, 508. 39 ,-32, 144, i28. 901 89, 612, 795. 29
TOTAL, ACT APPROVED JUNE
10, 1933,
83,596,059. 53
As AMENDED
[Loans on, and a subscription for, preferred stock of insurance companies]
K ansas 13 _________________
l\I ~ry_land ________________
M 1ch1gan _________________
l\l innesota __________ ______
l\I issourL _________________
1
4
2
1
2
N ew Jersey ____________ ___
York ________________
N·orth Carolina ___________
1
1
1
~ ew·
Total _______________
--
1
3
1
1
1
1
1
1
13 -101
See footnotes at end of table.
$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
34,475,000.00
~----------- ------------------------------------------------ ------------- ·-------------------------- ---- ------------ -- ---
1----------------1
4,000,000.00
3,500,000.00
50,000.00
$100,000.00
17,448,450.00
3,374,898.59
49,679.45
168,989.18
2,800,000.00
2,060,000.00
48,000.00
34,475,000.00
26,050,017.22
$100,000.00
22,350,000.00
4,125,000.00
100,000.00
250,000.00
QV"ARTERLY REPORT OF RECOXSTRUCTION FIXANCE CORPORATION
3
,. ,
4.-1\. .urnber of authon·zations and borrowers, to which authori zations were
made; and amount of authorizations, withdrawals or cancelations, disbursements,
and amount outstand1·ng, from Feb. 2, 193.rE, to June 30, 1940, inclusive, by States 1Continued
TABLE
TOTAL , ACT APPROVED APR.
13, 19:l4,
As AMENDED
1Loans to finance the repair of damage by earthquake, flood, or other catastrophe in 1933, 1934, 1935, and 1936
Num- Number of ber of
author- boriza- rowtions ers
State
Amount withdrawn or
canceled
Amount
authorized
Amount
disbursed
Amount outstanding as of
June 3CJ, 1940 2
- - - - - - - - - - - - - - - - - - - - - --- - --------1 - ----------- --------California__ _____ ______ ____
4
1 $2, 150, 000.00
$897,170.00
$1, 2,52, 830. co - - - -- --- --- - --- Connecticut__. __ __ __ ___ __ 52
51
142,945.00
91,175. 00
$39, 831. 19
51,770.00
Florida______ ____ __ ___ ____
1
1
38,459. 00
11, 541. 00 ----- - -- - - -- --- 50,000. 00
Georgia____________ _______ 157
144
345,694.65
1,335,500.00
989,805.35
700, 081. 16
~Iaine _______ ______ __ _____ 20
20
15,800.00
24, 250.00
8, 450.00
1, 845.39
Maryland __ ___ __ __ ___ ____
9
9
13,000. 00
1, 533.00
24,600.00
11,600.00
-:\fassachusetts___ ____ ___ __ 123
120
66,824. 00
325,159.00
258,335. 00
11, 870.56
":\Iississippi_ ______________
86
81
40,379.02
91, 901. 25
17.5, 870. 98
216,250.00
~[ontana __ __ _________ ____
1
1
33,365.00
26,671.65
150,000.00
116,635.00
Kew Hampshire____ _____ __ 11
11
42,950.00
19,478. 86
10,063. 30
23, 471. 14
Kew Jersey _______________
1
1
500.00
500. 00
Xew York_________ ______ _ 24
21
17,625. 00
53,697. 00
26, 914. 25
36, 072.00
~ orth Carolina__ __ ___ ____
1
1
10,500.00
10,500. 00 - - -- - - ---- - - -- -- -- - --- -- - - ---- -Ohio_______________ __ __ __ _
2
2
4, 900.00
1, 983. 28
4,900.00
Pennsylvania____ ___ ___ ___ 207
199
1,035,387.75
391,565.00
643, 822.75
267,753.28
20, 000. 00 __ ___ ___ _______ _
Texas_ _____ ___ __ __ __ ______
2
1
140, 000.00
120,000.00
V{est Virginia_ ___ _________
4
3
27,650.00
6,700. 00
20,950. 00
2,670.00
TotaL _____ __ ___ ____
7051667
5,734,288. 75
2, 260, 341. 53
3, 473, 947.22
19, 1934,
AS AMENDED 14
TOTAL, SEC. 14 OF THE ACT APPROVED JUNE
1, 183, 118. 31
[Loans to borrowers engaged in the mining, milling, or smelting of ores]
Arizona ___ __ __________ ____
C' alifornia __ ___ ____________
Colorado _____ ____ ___ __ ____
Georgia ______ _________ ____
Idaho _____ _______ _____ ___ _
Kentucky ___ ____ __ ____ ___
::\·lichigan _____ __ ______ ___ _
1\-! on tana __ ________ __ __ ___
Nevada _________________ __
New M{'xico ______ ____ ___ _
Oregon ____ _____ __ __ ______
South Carolina _______ ___ .
South Dakota ___ _________
l-tah ____ __ _______________
Yi rgi n ia ____ _____ ____ ___ __
\V ashington ___ ___ ___ ___ __
·w yoming ___ _____ ____ __ __ _
.\Iaska _________________ ___
Total ___ ___ _____ ____
·1
38
50
30
38
12
12
2
2
1
3
10
2
2
1
2
9
11
3
11
3
5
1
1
3
2
1
1
16
-162
TOTAL, SEC.
16
$1. i30, 500. 00
10
3, 927. 100. 00
1, 495,000. 00
24,000.00
240,000.00
120,000. 00
280,000.00
985, 000.00
3,365,000.00
41,000.00
42~.500.00
20, 000. 00
20,000.00
60,000.00
22,000.00
20, 000.00
20.000.00
2,375,000.00
133
15, 173, 100. 00
4
1
1
3
2
1
1
--
$1,262, 000. 00
1, 262, 500.00
1, 422,000. 00
10.000. 00
240,000. 00
-- -- --- -- - - - - - 100,000.00
257.000. 00
3,155,000.00
20,000. 00
413,500.00
20.000.00
?0, 000. 00
42,000.00
8,000. 00
-- -- -- --- - -- -- - 15,000. 00
13fi,OOO.OO
8,382,000. 00
OF THE ACT APPROVED JUNE
19, 1934,
$458, ,500. 00
2, 409,600.00
73,000.00
14,000.00
. --------- -- - --42,200. 00
73 , 109. 40
728,000. 00
210. 000. 00
21,000.00
15,000.00
- -- - --- - ---- -- --
$348, 500. 00
1, 700, 600.00
69,305.79
9, 688.93
-- - ---- ---- --- - - - -- -- ----- - ----- -- - -- - - --- - - --
278, 000. 00
24,617.73
15,000.00
-- ----- - --- - -- --
--- - - - -- -- -- - -- -- - ----- ---- - - - - - - - - ---- - - ---- - -
18.000.00
14, 000.00
8.000.00
14, 000.00
- - - - - - - ---- - ---- --- --- -- - -- -- - -5, 000.00
5,000.00
1,890,000.00
1. 010, 000. 00
5,971, 409. 40
3, 482, 712.45
AS AMENDED
[Loan to a public-school authority for payment of teachers' salaries due prior to June 1, 1934]
1
Illinois ___ --- ------------··
Total ______ ____ _____
1
See footnotes at end of table.
1
$22,500, 000.00
1
22.500, 000.00
I
I
$200, 000. 00
$22, 300,000.00 --- -- -- ---- - - - --
200, 000.00
22,300, 000. 00 - - -- - -- ----- -- - -
38
QUARTERLY REPORT OF RECOXSTRUCTION FINAXCE CORPORATION
4.-Number of autho,·izations and borrowers, to which authorizations were
made; and amount of authon:zations, withdrawals or cancelations, disbursements
and amount outstanding, from Feb. 2, 1932, to June 30, 1940, inclusive; by States 1_'
Continued
TABLE
TOTAL, ACT APPROVED AUG. 24, 1935
[Loans to or for the benefit of tax-supported public-school districts or other similar public-school authorities
in charge of public schools]
State
Arka nsas _________________
Flori da ____ ________ _______
Texa s _____________________
Total ___ _____ _______
I
Number of
authorizations
Num-'
ber of
borrowers
----
---
22
1
10
-33
20
1
10
•.\.mount withdrawn or
canceled
Amount
authorized
$1, 123.800.00
242.000.00
1, 431. 250. 00
i
I
I
2, i9i', O,:>O. 00
$i39,300.00
$150,000.00
1---- --883,000.00
----------1---------------415, li5.00
j
Amount outstanding as of
June 30, 1940 2
--
I
31 I
Amount
disbursed
I
1,622,300.00
I
565, li5.00
$145,500.00
------·---------
411, 6i5. 00
5-57. li5. 00
1 "Borrowers" include applicants to whom loans ba:\'e been authorized and institutions in connection with
which purchases of stock, capital notes or debentures have been authorized. \Vith respect to loans on preferred stock, the figures represent the number of institutions on whose preferred stock the Corporation
authorized loans.
2 Includes repayments unallocated, pending adYices, as of June 30, 1940.
3 Includes 960 loans appro\·ed to 716 fruit growers located in certain areas in \Yashington.
~ These authorizations are not included in the 8tate totals shown above, because the operations of the borrowers ordinarily are not confined to any one State.
5 Includes 12 authorizations in connection with refinancing of loans previously made by the Corporation to
Federal land banks.
6 Includes $193,618,000 representing refinancing- of loans preYiously made by the Corporation to Federal
land banks for different individual amounts, but in the same aggregate amount.
7 Does not include $4,150,000 of a note sold by tbe Corporation, which amount the Corporation has the right
to repurchase and the purchasers the right to reseH to the Corporation. and a sale of $320,000 (principal
amount) of equipment trust certificates of receh-ers of a railroad, which amount was sold by the Corpora tion with its guaranty.
s Of this amount, $5,000,000 represents reYolving credits established in October 1939 to aid in financing the
exportation of cotton. and $74,290.46 represents increase<s by reason of repayments in connection with the revolving credits. This authorization was eligible under sec. 201 (c) of Emergency Relief and Construction
Act of 1932. and/or under sec. 5d of Reconstruction Finance Corporation Act, as amended; but for statistical
purposes it is being included in authorizations under sec. 201 (c). The Corporation bas agreed to participate
with banks under this authorization; and of the $5,000,000 authorized, $4,500,000 represents the amount of
the Corporation's agreement to participate.
g Does not include a loan to Rural Electrification Administration of $146,500,000 authorized and disbursed,
which was included in table 4 in previous quarterly reports. In this report, the foregoing amount is included
in allocations to other governmental agencies as shown in table 1, part 3, inasmuch as this loan was authorized
by direction of Congress (under the Rural Elect.rificati,m Art of 1936, as amended). Repayments on this
loan amount to $2,425.46, leaving $146,49i,574 . .54 outstanding on June 30, 1940.
10 In addition, upon certification by the Feder:::il Emergency Relief Administrator, under the Federal
Emergency Relief Act of 1933. the Corporation disbursed $499,650,000 for relief, as shown on p. 40 of this
table. The Corporation ~lso disbursed $340,06,5.72 for expenses necessary to carry out the provisions of the
above act, makin!!: a total of $499,999,065.72 disbursed.
11 Of the $299,984,999 disbursed for relief and work relief as shown on p. 30 of this table, $17,159,232.30 was
repaid to the Corporation by States and political subdivisions. In addition, pursuant to the provisions of
the act approved Feb. 24, 1938, the Corporation's notes were canceled in the amount of $282,825,766.70,
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.
1z Duplieat.ions in the number of borrowers arise in cases where the Corporation makes authorizations to
a bank or trust company under more than one of rhe classifications under sec. 304 of the act approved Mar.
9, 1933, as amended.
13 Subscription for preferred stock of an insurance company.
14 Classified by States according to the location of the property of the borrowers.
QC".lliTERLY REPORT OF RECO:SSl'RL'"CTIO:S FINANCE CORPORATION
39
!.-Participations by banks, etc., in loans to business enterprises authorized by the Reconstruction Finance Corporation, by States, f rorn June
19, 1934, to June 30, 1940, inclusive.
T.-\BLE 4-ADDEKDuM
[rnder sec. 5d of the Reconstruction Finance Corporation Act, as amended]
Amount authorized to be taken by banks, etc.
State
-
1
I
I
I
i Loans by banks,
Loans by banks,
Sales of paretc., in which
etc., in which
ticipations by
Reconstruction Reconstruction
Reconstruction
Finance CorFinance CorFinance Cor- 1 poration author- poration authorporation to
ized purchase
ized purchase
banks, etc.2
of deferred
of immediate
participation 3
participation 3
Alabama _______________________
$169,650.00 I
Arizona. _________ ___ ________ __ _
3,625.00 I
Arkansas _______________________
76,830.00
California ______________________
118,880.54
Colorado. __________ __ _____ _____
24,875.00
Connecti.cuL. ~--- - __________ ___
190,250.00
District of Columbia. _______ ___
I
Florida ________________________
236,800.00
I
Georgia _____________________ __ _
740,942.29 I
Idaho __________________________
2,500.00 i
Illinois _________________________
169,
953.78 i
Indiana ________________________
245,000.00 I
Iowa ___________________________
20,250.00
Kansas ___________________ __ ____
50,550.01
Ken~~cky _______ __ __________ ___
37,825.00
Loms1ana ______________________
8,000.00 II
~f aine _______________ . _____ . __.
3,000.00 I
Maryland ______________________
17,500.00
Massachusetts. ____ __ __________
243,989.99
Michigan ______________________
I
547,625.00
I
l\finnesota _______ ______________
65,875.00 i
. . . __________________ __
-M"!3SlSSlJ?pL
9,350.00
M1ssour1 __________________ _____
106,935.34
Montana ______________ _________
117,190.84
Nebraska _____ _________________
23,841.56
New Hampshire. ______________
88,500.00
New Jersey ____________ ____ ____
86,416.67
New :Mexico _________________ __
-------------- - -New York _____________________
471,595.79
North Carolina __ . __ ___ _____ ___
72,750.00
North Dakota _________________
3,050.00 I
Ohio _____ __________ _________ ___
272,565.00
Oklahoma _____________________
3,000.00
Oregon--~---·--'-- __________ _____
217,133.33
Pennsylvania. ___ __ ____ ________
3,805,366.67
Rhode Island. __________________
26,900.00
South Carolina _________________
3,000.00
South Dakota __________________
5,433.33
Tennessee ____ ·- ___________ .. ___
109,684.97
Texas __________________________
155,500.00
Utah ___________________________
17,500.00
7
\ ermont _______________________
---------------- I
Virginia ________________________
13,500.00
Washington ____________________
53,375.00
\\-est Virginia __________________
36,000. 00
'Wisconsin ___________________ ___
68,400.00
w yom1ng
. ___________ __ _________ ----------------Alaska __________ __ ___ _____ _____
Hawaii. ___ __ ______________ _____ -----------------Puerto Rico ____________________ ----------------------- -- ---- --- --- .
Total _________ ___________
8,740,910.11 i
I
I
I
$130,876.67
100,000.00
38,800.00
177, 191. 18
105,500.00
137,916.67
I
I
112,soo. oo
I
I
11, 392, 650. 01
Total
$427,275.00
408,427.86
68,300.00
10,076,675.00
209,096.67
155;955.00
52,550.00
366,270.00
2,442,314.14
41,624.00
190,085.00
525,250.00
44,125.00
243,932.93
851,912.50
12,450.00
48,270.00
152,700.00
401,615.00
1,356,050.00
219,320.00
109,840.52
1,733,480.00
120, 67!). 00
177,806.66
-------- - --------476,850.00
84,000.00
1,967,908.33
579,130.00
11,300.00
1,891,219.90
200,483.33
231,250.00
1,270,435.80
82,750.00
402,775.00
23,000.00
1,044,315.52
799,283.33
88,750.00
64,300.00 I
828,487.50
5,048,508.33
359,564.29
769,900.00
96,672.75
18,900.00
200,000.00
37,500. 00
51,750.00
332,175.00
27,900.00
401,191.67
131,900.00
82,250.00
97,666.67
306,750.00
20,500.00
61,500.00
1,071,160.00
541,650.00
190,000.00
142,320.00
27,500.00
80,766.67
19,807.50
34,500.00
235,000.00
446.180.00
151,967.30
452,050.00
821,000.00
240.00
6·1-1, 047. 45
54,500.00
1,252,500.00
1, 034,150.00
689,833. 33
6,000.00
16,150.00
210,160.00
113,199.90
23,500.00
700.00
103,400.00
180,750.00
107,000. 00
353,250.00
8.000.00
65,000.00
I
I
l
37,013,284.36
$727,801.67
512, 052.86
183,930.00
10,372,746.72
339,471.67
484,121.67
52,550.00
654,820.00
3, 515, 431. 43
72,024.00
761. 230. 45
902; 150.00
146,625.00
392,149.61
1, 196, 487. 50
40,950.00
112,770.00
1,241,360.00
1,187,254.99
2,093,675.00
427,515.00
146, 690. -52
1,921,182.01
257,673.34
236,148.22
323,500.00
1,009,446.67
235,967.30
2,891,554.12
1,472,880. 00
14,590.00
2,807,832.35
257,983.33
1,700,883.33
6,109, 952.47
799,483.33
411,775.00
44,583.33
1,364,160.49
1,067,983.23
129,750.00
65,000.00
945,387.50
.5, 282, 633. 33
502,564.29
1,191,550.00
104, 672.75
83,900.00
200,000.00
150,000.00
4
,57, 146, 844. 48
According to location of borrower.
These amounts are included throughout this report in loans authorized by Reconstruction Finance Corporation 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
der disbursement.
3 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 $10,784,333.33, in commitments outstanding
at the close of June 30, 1940.
1
2
40
QUARTERLY REPORT OF RECONSTRUCTION FINANCE CORPORATIOX
II.-Amount of di~bursements Jor relief upon certification of
grants by the Federal Emergency Relief Administrator, under the Federal Emergency
Relief Act of 1933,from l.tfay 12, 1933, to June 30, 1940, inclusive, by States
TABLE 4-AnnENDUM
[Not included in the foregoing table 4]
Amount
State:
A labarn a __________________________ _
Arizona ___________________________ _
Arkansas __________________________ _
California _________________________ _
Colorado __________________________ _
Connecticut _______________________ _
Delaware __________________________ _
District of Columbia ______________ _
Florida ____________________________ _
Georgia ___________________________ _
Idaho ________________________ _____ _
Illinois ____________________________ _
Indiana ____ _______________________ _
Iowa ___ ____ ____ ______________ __ __ __
Kansas ___________________________ __
Ken_tl!cky _________________________ _
Loms1ana _______________________ - _Maine _____________________________ _
Maryland _________________________ _
Massachusetts __ ______________ ~ ____ _
Michigan __________________________ _
Minnesota _________________________ _
....
M ~ss1ss1pp1- ____________________ ---M1ssour1 __________________________ _
Montana __________________________ _
Nebraska __________________________ _
Nevada __________________ -- __ -- -- - New Hampshire ___________________ _
disbursed
$8,994,391
2,834,146
7,410,249
15,823,535
3,925,050
4,594,154
1,010.708
1,056,174
13,347,232
7,705,354
809,957
52,240,038
11,259,425
5,248,789
2,732,726
5,945, 118
13,034, 1.57
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
Amount
State-Continued.
disbur."led
Ne~• Jersey _________________________ $15,42.3,438
New Mexico_______ _________________
889, 18S
New York __________________________ 63,131,826
North Carolina_____________________ 9,709,900
North Dakota_________ _____________ 3,612,520
Ohio ________________________________ 36,763,382
Oklahoma__________________________ 6,309,005
Oregon___________ __________________ 3,213,315
Pennsylvania______________________ 44,106,509
Rhode Island_______________________ 1,870,967
South Carolina_____________________ 10,424,200
South Dakota______________________ 7, 035, 597
Tennessee__________________________ 6,369,196
Texas ______________________________ 13,249,874
Utah_______________________________ 1, 723, 352
Vermont_________ __ ________________
481,544
Virginia_ ___________________________ 5, 594, 07 4
ashington ________________________ 5, 627, 175
\Vest Virginia ______________________ 11, 090, 599
,visconsin__________________________ 9,619,053
w· yo ming_ _________________________
190, 383
Alaska_____________________________
349,629
Hawaji_____________________________ 1,110,561
Puerto Rico________________________ 1,970,201
Virgin Islands______________________
281,753
Total _____________________________ 499,650,000
,v
TABLE
5.-Loan and other authorizations, by character of loans, etc., from Feb. 2, 1932, to June 30, 1940, inclusive
1
Repayments amt Outstanding as of
0thcr reductions 2
June 30, 1940
Authorizations
Withdrawals or
cancelations
Loans to aid in the rcor~anization or liquidation or eloscd hanks:
•
To reePi vPrs, liquidating agents and conservc"ttors _________ _____ ___ . __ __. _____ .. $1, 129, 483, 6:10. 34
Through mortgage lo1n com1,anie::: __ ___ __ . ___ __________________ ________ . ______
122,299,023. 96
'l'hrou~h a Ii vestock cre1it corporation ______ _______ ____ ____. _____ ____ __. __ .. _
100,000.00
On assets 0f clospd banks, nrnler sec. 5c of the Reconstruction Finance Gorporath.m Act, as amenckd . _. ___ ___ .. ____ _____ _________ ____________ ________ _____ .
91, 780, 0,11. 86
$28 l, (,47, 411. 95
18,982,262.63
78,357.12
$844, 75:~, 818. 39
103, 3 rn, 761. 33
321,642.88
$822, 214, 3()1. 00
89, 579, 5:19. H4
321, fl42. 88
$22, ,'j:{9, t.17. 39
1:t n;, 221. 4H
31,383,826.80
4 i, 262, 446. fi-t
41, Mfi, 632. 8:,
3,216,813. 79
Total, to aid in the rnorganization or liquidation of dosed banks ___ ___ _____ . _ 1,343,962,706.16
Loans to open ban ks 1 ____ . . _ . _ . __ _ _ _ _ _ _ . _ _ ____ ____ . _ _ _ _ ___ _ _ _ __ ______ _____ __ ___ _ 1, 334, 787, 161. 08
Loans on preferrerl stock _. _____ ____ .. ___. __ . __ ___. __ ____ ___.. _____ . ________ ________ _
,53, 098, 525. 76
Subscriptions for preferred stoek . . ____ ____ . _____ ___ __ ___ ____ .. __________________ . _ 954,073,313.24
Purchases of eapital note3 or debentures ___ . ___ . _______ ____ ___ _____ . ______________ _
433,815,350. 00
335,091,858.50
19G,502,916.88
7,64fl,225.00
75,474,082.44
90,549,500.()()
99,5, 654, 66!J. 24
1, 138, 233, 619. 27
45,449,300.76
847,662,230.80
:H3, 265, 850. 00
9.56, HH, 17fi. fJ7
1,073,012, 179. 83
11,464,801. 8:{
406, 61(), !)97. 18
240, 737, 331. 27
39, 491, ,rn2. (ii
Disbursements
BANKS AND TRUST CO!\lPANl!i:S ~
------ ------------------------ - - --- - - - - -· ----- ---- -
- ----------· - - - --·----
Total, banks aml tnrst companies
6fi, 221. 43\J. 41
:~o. 984, 498. 93
441,045.23a.H2
102, 528, .518. n
___ _______ - - - - - - - - - - - -,-----..,
3, 370, 26~.670.07
4,119,737,056.24
70!i,267,582. 82
679,273,183.39
=======1-,--- -------_-__-_._- ========-= ======-:.:- .·,= = -- -- - - - - - -
1 ________ _ _ - - -- -- - ----- - ---·---------------
BuILDINn AND LOAN ASSOCIATIONS
Lo1 ns- r<.'<·e i vers __ _______________ . _... _. ___ __ __ __________ ______________ . __________ _
Lo'l ns- other_ __ . _____ __ _____ . __ __ ___ _____ ___ __ . _ . ___ __.. ___.. __________ . ___________ .
2A,306, 796. 19
136,293, 3,u. 56
22, 352, 231. 92
12,647,942.76
2,954,5fi4.27
119,027, 465. 93
2,534,683.76
115, 100, 128. 17
119,880.51
3, t~27, 337. 76
- - - - - - --- - - - - - - - - ----------1------- - - --- - -- - -----·- 'l'otai, building- and loan ~ssocL1t.ions _______ __ ---- - -- -- -- -- ------ -- -- --··--- - _
161,600,137.75
35,000,174.68
121,982,030.20
117,634,811.93
4, 3·17, 218. 27
======= =======!======== ======c== - - - - - - - - - -
INSURA~CE COMPANIES
Loans--d i rect_ _. ___ ___ ___ . _______ . ____ . _ _____ __________ __. _________________ _____ _
Loans on preferred stock _____ __________ . ___ ____ ____________ __________________ ____ _..
Subscript.ion for preferred stock ________ . _________ __________ _______________________ _
Total insurance companies. ___ _____ _______ ____ ____ . __ . ______ __________ . ____ .
104,439,750. 19
13,746,540.38
31, 37,5, 000. 00 ------------ - --- - ..
100,000. 00 -------- ··- -- - --- - -
--------- 138,914,750.19
-
13, 746, .140. 38
90,693,209.81
34,375,000.00
88, 31H, 882. 88
~,424,982. 78
JOIJ,000.00
2, 331,326.93
2,5, 950. 017. 22
100,000.00
- - - - - - - - --------·-- - - - - - - - 125,168,209.81
96,786,865.66
28, 3~ l, 344. lfJ
242, 609.225.01
135,143,293.03
101,697,085.32
25,000,000.00
11,000,000.00
207,964,009.13
101,093.474.45
38,834,237. 65
34,644,61.5.88
- - - - - - - - - ==========II========-~-----------
MORTG.\.GE LOAN COMPANIES 4
Loans-direct . . . __ . ___ ____ __ __. __________ _____ . ___________ .. ____ .. _.. __ ___ . _________ _
Loam t0 Th '.) RFC l\:Iortgage Company. __ _________ - ------------- -- --------- -----Loans to Federal National Mortgage Association .. _____ ___. ___ . _______ ________ ___ _
::-ubscription forst.ock ofThc RFC ~fort.gage Company _______ ___ ___ __________ ___ _
Ruhscription for stoek of thr Fedt>ral National Mortgage Association ______________ _
Subscription for stock of other mortgage loan companiPs ___ . _____ . _. _____ ___ _____ __
Total. mortgage loan companies 4 _. __ • • ___________
sl~e footnotrs at rnd 0f t.ahlr.
. _. _ _ ___ • _________________ . _
356,52R, 793.65
143, 368, 261. 03
133,962,793.11
25,000,000.00
11,000,000.00
1,250,000.00
_______
G71, 109, 847. 79
103,921,045.43
------------ - ---------- - - -- -- ----------- - -------------- - --------- - - --
,_
1,250,000.00
34, 049, 821. 18
62,862, 847. (\7
2.5,000,000.00
11,000,000.00
---~------ - ------ --. - - - - - - - -. ------- 105,174,045.13
515,449,6115.96
347,892,321. 23
167,5;.,7, 284. 73
TABLE
5.-Loan and other a-u.thorizat-ions, by character of loans, etc., frorn Feb. ft, 193ft, to June 30, 1940, incl·us·ive 1-Continued
Ii
I
------ -·- -····------
Anthorizat ions
1·
·
\\'
I
,t h <l raw_a1s or
canecl :1t.10ns
.
Dishurscrn ,ut.s
·
e
Repaynwnts_ and
other reduct10ns2
Ont.stand .mg as cf
June :10, l!lto
-·--·-- - ----- -·---- ---·--·----- - ---- - --···------------1·--- - - ·---- - -- - - -----·- - - -- - --------- --- - ---·-- -- ·--· -
AGRICULTURAL FINANCING INSTITUTIONS, ETC.
Loans to Federal land banks ________ ________ ____________________ _________________ _ 6$399,636,000.00
$12,400,000. 00
Loans to Federal intermediate credit banks __ ______ _____ ·---- ------ ----- - -- -------9,250,000.00 -- ------ - ---- - --- Loans to regional agricultural credit corporations. ___ . ___ . ___ __ __ _____ . ___ _____. _.
liS,840.452.48
5, 59G, 811. 76
Loam, to Commodity Credit Corpor1tion ____ ___ _____ ____ __. __ ______ --· ___ __ _____ __ 1, 604, 712, fi(i4 . 99
81ti, 9~.5, 702. 78
Loans to Secre tar .v of Agri<m1ture to acquire cot ton __ . ____.. ___ __ __ -. - __. __ -. . - . . -2ii,.'itl0,000.00
20,200,000.00
Loans to joint -stock land banks ___.. _____ ____ ___ ___ ____ _____ __ . __ __ _ . ___. ______ __ _
31,393,359.13
6, li55. 129. Oo
Loans to a.gricu1tural credit corporations . _. __ __________ ___ ______.... _____ ___ _. _____ _
(i, 12i), 8117 . .59
'177. 219.37
Loan~ to livestock credit corporations . . __ __ _. __________ .. ______ ____ ___ ___________ -14, 111, :1:27. 8~
1, 46( 373. 07
Authorizations for financing exports of agricultural surpluses . . __________________ __ 6 98, 445, 245. 6S
46,146,368.56
Loans for financing agricultural commodities and livestock __ _______ ___ ____ _. ___ __..
86,061,513.08
6t.i, 3G7, 021. 30
'I'otal, agricultural financing institutions, etc __ . __. ... . ____ __ ___________ __.. _. ·. _ 2,452,071,430.83
996, 29!:l,GM.90
RAILROADS
Authorizations--receivers and trustees .. _______________________ .. ___. __ .. ____ . _. . - - _
Authorizations-other ___ . _____ _________ _____ __________________ _____ ______________ _
Total, railroads. __ .__________ _____ ______ __ _______________ __________ ______ ____
3 $387,236,000.00
9,250,000.00
17;{, 243, (HO. 72
7fi7, 71(), 962. 21
3,300, 000.00
21 , 661:i, 880, 20
f,, G-1:3, 618. 22
12,·f>-19, 955. 81
47,298,877.12
1_9, 644, 491. 78
1, 4fi0, fi50, 426. OG
6$387. 236,000.00
9,250,000.00
1n, 24~ , fHO. 72
767, 7Hi, 962. 21
3,300, 000.00
20,952,134. 98
5,599,703.83
12,M9,955.81
47, 251, 981. 13
19. llU. 665. 12
l,4'16,320,043.80
75, 025, 881. 95
8.52,991.00
73,6fi4,890.95
773. 528,335.00
106, 113, 764. 89
657,896, 173. 3L
- -- - ---- - - - - - - - 7 8-!8, 554, 215. 95
731,Sfil,064. 26
106.966,i55.89
19, 207, 231. 00
236,497,627.06
255,704,858.06
54,457,659.05
421,398, ."i46_. 25
475,856,206. 2-0
]30, 7:31, 958. fi2
========
. ==========
BUSINESS EN'l'ERPRISES
Loans to business enterprises:
Direct (including participations) ____ ___________ ____ _____ ____ __ _____. ___ ___ . __ __ 8 41n, 354, 353. 2S
'rhrough banks ____ __________ _____ _________ _____ ___ _______ __ ___________ ____~-- -· 167,500.00
'Phrough mortgage loan companies . ___ ___ .... ___ ___ ____ _______ ____ . __ _. ___ ____ __
16,422,275.00
Fishing industry under sec. 5 of the Reconstruction Finance Corporation Act,
as amended ___ . ____. __________________________ . ________ ___________ ___ ____ ___ _
809,700.00
Total, loans to business enterprises .. _. ___ __ __________________________ ______ __ s 433,753,828. 28
129,274,878. 40
52,838.fi5
10,720,439.85
221,704,270.91
]14, 661. 35
5, 701. 835. 15
90,972,312. 29
114, 6G1. 35
5,045, '101. 12
90,025.00
140, 138,181.90
719,675.00
228,240,442.41
653, 96R 89
96,786,433. 65
-------- -- ---- - ---
---- -------- ------
-- - -- - -- - - - - ---- -- - - - -- -- -- - - -- - - -- --- - -- - - - - - ---- - - -
$3, 714, 74.5. 22
43,914.39
-- ---- -- -- -- -
.
.
-
4G,8U5.99
52'1,8~6.6G
4,
:rnJ. 382. 2n
------ ----------656,344.03
fi5, 70fi. 11
131,454,008: 7t;
NATIONAL DEFENSE
Purchases of capital stock of corporations created by the Reconstruction Finance
Corporation under sec. 5d of the Reconstruction Finance Corporation Art., as
a1nended _________ __ ___ ______ .. ______________ ____________ __.._______________________
MINING, MILLING. OR SMELTING OF ORES
Loans-total. ____ . _. __________________ ____ .. ___________________ . ____________________
~ELF·LIQUTDATING PROJECT~, ETC.
Loans on self-liquidating projects under sec. 201 (a) of the Emergency Relief and
Construction Act of 1932, as amended. __ _________ . ____ ________ . ____ . ________ ___ ..
Loans to public agencies for construction, etc., under sec. 5d of the Reconstruction
Fi~ance Corporation Act, as amended . _______________ _______ __________ ____ ____ _
Total, self-liquidating projects , <:'tc .. ____________ ____ ____ ________________ _____ _
2, 000, 000. 00 _________ _____ ___ ____ _________ __ ____ ____ . _________________ . - - . - _____ __.. ____ _
========11=======1==:::::::::::=:::::::::::::::::::::::=:l===============I=======::::::::::==::::::
15, 173, 100. 00
8, 38?. 000. 00
5, 971, 409. 40
2, 488, 696. 95
~. 41<2, 712. 45
307,953, :m>- 04
19, 102, 2n5. 24
========I================== == ========I===========
==-
400,092,487.36
32,152,846.08
327,685, Ml. 28
___
211,073,827.81
112,407,760.41
12,672,367.40
35,306,668.36
--------- - -77,101,092.05
,
612,066,315.17
44,825,213.48
440,093,401.69
385,054,468.09
55,038,933.60
=;..:··:=====::::.::..I=======l=========l=====-== :=:-=I:= ======
DRAINACTE, LEVEE, IRRWATI01', AND SIMILAR DISTRICT~
Loans-total
------------------------------ -----------------------------·----~-----Rlt~PATR OF DAMAGE BY EARTHQUAKE, FLOOD, ETC.
Loans to repair damage in 1933 _________ ____ . _. . ____ __________________ . _____________
Loans to repair damage in 1933, 1934, 1935, and 1936 ______ . _____ .. ___________________
Total, repair of damage by t'arthquake, flood, rte . _.. . _______________________
OTHER
89,612,795.29
6, OHi, 735. i6
83,59fi,O59. 53
10, 4.50, 232. 20
5, 734, 288. 75
I, 921. 124. 10
2, 260, 341. 53
8, 529, 108. 10
:i, 473, 947. 22
8, 34fi, 328. 61
2, 290, 828. 91
1, !83. 118. 3l
184,520.95
4,181, 4ti5. 63
12, 00;1, 0.5.5. i2
10, 6:37, 157. 52
642.9fi7.8O
211;089.27
13,087,715.88
2, 7U7,O5O.OO
22,500,000.00
42,872.01
11,371.21
23, 084. 70
1, 1122, :mo. oo
200,000.00
600,005.79
14,718.06
V3, 0(H, 631. 18
5%, t 75. oo
22,300,000.00
585,4~4. 21
]4,718.Ofi
13,064. fi:il. 18
8, ooo. oo
22,300,OOO.OU
15,001. 00
299, 981, 999. 00
o 299. 984, 999. OU
==·-====~~- =======================-=----=-~-----~-===
182,779.49
_______
___ ,__________ ---~------ ------------ --------·~o
rn,
1, 365, 897.
---------------------~-===========-=--------
Loans to credit unions _____ ____ ______ _
I ,oa.ns to processors, or distrihutors SU bje-<i to-{)l'OCfSS{ng ·t-ax-es.· _- ~ ~ -~~: ~ =: ===========
Loans to Rtate Fu nos for St'Cllfing repayment of deposits of pnhlic moneys. __ __ ____ .. _
Loans to refinance public-i-whool district oblirations . ___ __ __ ____ . _____ __ __ _________ _
Loan for payment <'f teaclwrs' salarit>s . _____ . ___. _______ _____ ________________ ____ ..
A mounts made available for relief and work rrlief, under the Emergency Relief and
Construction Act of 1932. as amended . . ________ ___ _____ ____ _____________________ _
'f otal, other ______ __ ___________ ______ _____ ___ . ___ . __ . . ________ ________ . __ . _. _.
I
32, 144, 728. 90
140, 556, t:i08. 39
300,000,000.00
10
339, 053, 822. 95
14. 6fi 1. f,8
:357, li.5. 00
-----------------,--------------571,836..1R
1, 914,628.92
10 336, 52!:l, 619. 03
10 335,957,782.45
10
======= ---=======- ========= ======·=-·-=
Grand total 1 10 ________ . _______ . ___________ ___________________ _ ______________ =-======109, 950, 775, 535. 49
2,194,040,972.93 10 117,427, 527,729.50
ll
1~5, 792, 272, 661. 7V,
!O
1, 63,5. 2.55, 067. 72
1
Do~s not include allocations and Joans to other governmental agencies by direction of Congress; purchases of securities from Public Works Administration; and commitments
outstandmg.
2
Exclnsive_of repayments unallocated, penning- advices, as of June 30, 1940.
3 Does not ~nclude loans through banks to business enterprises.
•5 Does not mclude loans through mortgage loan companies to aid closed banks, and to business enterprises.
Includes $193,618,000 representing refinandng of loans previously made by the Corporation to Federal land banks for different individual amounts, but in the same aggregate
amount.
6
•
Of this a~ount, $5,000,000 represents revolving credits establishrd in October 1939, to aid in financing the exportation o! cotton, and $74,290.46 represents increases by reason
ol repayments m connection with the revolving credits. rrhis authorization was eligible under sec. 201 (c) of Emergency Relief and Construction Act of 193~, and/or under sec. 5d
of Rec~nstruction Finance Corporation Act. as amended: but for statistical purposes ft is being included in authorizations under sec. 201 (c). The Corporation has agreed to participate7 with bank~ under this authorization; and of the $5,000,000 authorized, $4,500,000 represents the amount of the Corporadon's agreement to participate.
.
Does not mcludc $4,150,000 of a note sold by the Corporation, which amount the Corporation has the dght to repurchase and the purchasers the right to resell to the Corporation, and a sale of $320,000 (principal amount) of equipment trust certificates of receivers of a railroad, which amount was sold by the Corporation with its guaranty.
~ ~nch~dcs $8,740,910.11 representing sales of participations authorized to banks, etc.; and also includes $2,449,124.49 representing sales of the Corporation's intcr~st in loans and
J)artic1pat10ns .. (In connection with this latter amount. the Corporation authorized agreements to purchase participations in the amount of $2,336,058.55.) Does not mclude $48,4O.'i,~:H.37 representmg loans by bank~, etc., in which the Corporation authorized purchases of, and agreements to purchase, participations.
.
9
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.
10
Does not include $146,500,000 authorized and disbursed to Rural Electrification Administration , which was included in table 5 in previous quarter}~, reports. In this report,
the foregoing_ amo~mt is included in allocations to other governmental agencies as shown in table 1, part 3, inasmuch as this loan was authorized by direction of Congress (under the
Rural Electr~~cation Act of 1936, as amended). Repaymt:>nts on this amount to $2,425.46, leaving $146,497,574.43 outstanding on June 30, 19-10.
11
In add1t_1on, upon certification by the Federal Emergency Relief Administrator, under the Federal Emergency Relief Act of 1933, the Corporation disbursed $499,650,000 for relief.
'l'he Corpo~at10n also disbursed $349,065.72 for expenses necessary to carry out the provisions of the above act, making a total of $499,999,065.72 disbursed.
12
Of t~1~ amount, $282,825,766.70 represents cancelation of the Corporation's notes, pursuant to the provisions of the act approved Feb. 21, 1938, equivalent to the balance of the
amounts dislmrsed for relief and work relief under title I of the Emergency Relief and Construction Act of 1932, as amended.
44
QUARTERLY REPORT OF RECO:XSTRUCTIOX FINA:XCE CORPORATION
TABLE
6.-Total loan and other authorizations from Feb. 2, 1,932, to June 30, 1,940,
inclusive, by months 1
GRAND TOTAL
'
Amount of disbursem<•nts
Amount of repayments and other
reductions
$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
155,543,32~.23
158,983,559. 12
298,276,816.59
171,149,931.86
146,180,913.71
72, l~O, 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. 4,'l
1, 122,720,837. 37
1,224,798,685.44
TotaL _____ __________ __ 1,936,199,172.57
1,524,747,138.82
299,948,453.38
1,224,798,685.44
142,844,447.43
283,171,473.85
217,732,207.45
162, 526, 631. 98
141,928,875.46
154,047,880.32
201,024,785.36
57, 792, 381. 18
44,791,443.05
517,388,597.97
347, 536, 421. 56
475,432,646.36
117,995,293.92
199,499,330.83
179,533,134.72
117, 500, 398. 87
195,805,8.54.81
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
35,971,603.16
5,5, 813,566.83
40,213,996.05
46,800,209.06
94,656,029.32
112,949,299.42
73, 520, 461. 92
61, 73-1, 251. 55
69,684,650.98
51,20~,045.08
67, t,74, 183. 47
1, 310, 341, 151. 07
1,473,868,878.74
1,597,588,446.63
1,674,874,849.45
1,823,880,495.20
1,852,901,503.68
1,855,291,601.24
1,864,899,676.75
1,842,436,919.94
1, 821, 398, 681. 71
1,956,669. 701. 64
2,258,633,111.59
TotaL ____ ____ __ _______ 2. 746,217,791.97
1, 776, 407, 551. 28
742,573,125.13
2,258,633,111.59
1934
January ________ . ___ _... __ _____
406,209,086.17
February ____________________
132,453,627.03
March _______________ ________
196,750,948.78
ApriL ___________ ____ __ _______
101,690.047.09
105,719,957.01
1\1 ay - -- - -- - - -- - - - - - -- - -- - ---June ______ ______________ _____ 3 261, 134, 292. 91
72,792,004.65
J u1 Y----- - - - - - - - - - - - - - - - - - -- - August _____ ___ _____ . _________
188,298,608.36
September _______ ··- __________
288,766,955.19
0 ct ober _____________ ______ ___
192,322. 799. 21
November _________ __ ________
53,612,012.41
December ______________ ______
116, 472, 752. 03
Total _________ _________ 2,116,223,090.84
343,781,484.63
138,223,573.21
174,702,436. 92
137,503,338.54
100,482,025.14
205,212,280.51
3 278, 190, 303. 16
115, 003, 399. 80
54,364,910. 22
60,087,192. 35
87,827,623.32
132,546, 512.48
1,827,925,080.28
86,163,678.38
82,739,872.01
91,311,849. 17
91. 123. 212 32
66,997,270.39
67,831,380.42
3 443, 161, 666. 45
136,883,990.63
71,019,841.07
79,142,232.20
i3 407,395.85
114,654,725.17
1, 404, 437, 114. 06
2,516,250,917.84
2,571,734,619.04
2,655,125,206.79
2,701,505,333. 01
2,734,990,087.76
2,872,370,987.85
2,707,399,624.56
2,685,519,033.73
2,668,864,102.88
2,649,809,063.03
2,664,229,290.50
2,682,121,077.81
2,682,121,077.81
32,097,248.47
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
49,Z75,454.45
54,737,368.83
39, 62,4, 905. 90
56,104,278.17
61,729,009.88
137,909,087. 21
124,588,307.71
51,347,644.38
42,029,803. 99
28, 436, 221. 2,1
17,986,037.69
43, 792, 967. 11
707,561,086.57
7;3, 431, 5_l,~. 58
60, :~82, 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, Oll, 116. 53
34,143,979.73
106,845,402.79
661,001,819.90
2,657,965,015.68
2, 652, 120, 001. 11
2,6316,997,219.31
2, 645, 0)1, 662. 51
2,659,764,055.32
2, 743,809,977.30
2,808,307,238.02
2,819,376,600.41
2,826,465,617. 48
2,807,890,722.20
2,791,732,780.16
2,728,680,344.48
2,728,680,344.48
24,616,712.69
14,550.320.97
118,649,972. 55
36,136,714.96
86,766,870.91
27,873,909.23
170,693,029.28
43,475,154.54
7, 367, 861. 24
4 26, 005, 119. 77
11, 963, 130. 21
8,843,948.97
4 576,942,745.32
62,162,133.42
16, 990, 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
4 28, 303, 788. 54
10,835,41)0,87
25, 067, 831. 62
4 328, 272, 897. 51
49,420,650.65
52,691,446.85
75,355,568.31
46, 190, 361. 91
150,760,907.52
112,566,613.95
238,717,224.01
37,092,959.78
26, 88,5, 137. 49
34,990,512.10
~ 33, 898, 180. 19
63, 318, 770. 11
4 922, 488, 332. 87
2, 741, 421. 827. 25
2. 705,721.091. 84
2, 649, 837, 661. 74
2,6.12,248, 774.40
2,507,276,214.78
2,417,812,944.33
2,221,296,342.85
2,210,722,774.97
2,202,465,290.49
2,195,778,566.93
2,172,715,847.61
2,134,464.909. 12
2,134,464,909.12
Year and month
1932
February ___________ _____ ____
l\1arch ___ ________ ______ ____ __
A priL ____ ________ - - __- _- - - - - -
A1ay __ ____________ ___________
June _______________ ____ ______
.July
_- ------------_____
--- - __
-- ____
---August
__ __________
Septen1ber _________ _____ ___ __
October ___ ___________________
November _____ __ _____ ___ ____
December_ _______ _____ _____ __
1933
January ___________ __ ___ ___ ___
February ______ _____ __ ___ ____
~1arch _______________________
April _______________ __ ___ _____
l\J ay - - - - -- - - - - - - - -- - - - - - - - - -June ____________ . ___ ____ _____
July _________________ ________
August_ ____________ ___ __ _____
8 ep tern ber __________ _____ ____
October ________________ ______
November _______ __ . __. ____ _.
December ________ ___ _________
1935
January __________ ___ ______ ___
February ____________________
March _______________________
April_ ____ ____________ ________
l\,Jay ______________ __ _________
June ____________ ___ __ ________
July ______________ ____________
August_ ______________________
September ___________________
October _____________ _________
November _____________ ______
December ___________________ .
Total ____________ ______
1936
January _. _______ __ ___ ______ .. _
Fehruary __________ ______ __ __
~1arch _____________ ___ ____ ___
April_ ____________________ . ___
l\1Ia y - - - - - - - - - - - - - - - - - - - - - - - - June
_________________________
July __________ __ _____ _________
August . ______________________
September _______ ___ __ __ _____
Octo bcr __________ _______ _____
November ________ __ _________
December ____________ ________
TotaL _________________
See footnotes at end of table.
Amount of authorizations 2
I
Amount outstanding at end
of period
I
QUARTERLY REPORT OF RECONSTRUCTION :FINANCE CORPORATION
TABL~
45
6.-Total loan and other authorizations from Feb. 2, 1982, to June 30, 1940,
inclusive, by months 1-Continued
GRAND T0T_-\L-Continued
Amount of autborizations 2
Year and month
1937
January __________________ _
February ______________ __ _- - March _________________ ___-- -- --
$14,393,108.36
8,567,248.17
12, 320, 949 ..",3
. April _______ __________ ____ _
4 78, 530, 795. 69
--May _____________________ _- - 38, 981, 84,1>, 90
June ________ __ _______ ____ _---1 4 30, 523. 385. 49
July ______________________ _---1
93,628,384.38
1\ ugust _______________ ____ __
159,763,200.
30
St:' p tt-m ber _______________ _- ---30,366,313. 60
Oct.o her ______________ ___ __- - 5, 343, 764. 78
November _______________ _- - 7, 710, 017. 35
Dl:'cember ________________ _- - 82,756,434.30
TotaL _____________ _
- -- 4 562, 885, 447. 85
1938
January __________________ _
4,5, 441, 6.58. 35
Ft~bruary _________ .. ___ __ __-- -- -31,466,873.65
l\1arch ___________________ _
24,948,640.72
- -April __ . __________________ _
100,955,613.3'3
l\fay ______________ ___ ___ __- - 35,021,975.20
.June _____________________ _- - 435,833,303. 74
July __________________ __ __ _- - 4 70, 290, 735. 90
August ___________________ _- - 4 73. 898, 250. 18
4 54, 121, 856. 02
Sf•ptember _______________ _- - October _____ _____________ _
64,596,720.27
November ____________ ___ _- - 4 53, 853, 296. 53
December ________________ _- - ·55,689,869.83
Total ______________ _
- - - 4 646, 118, 793. 75
1939
January_ . ______________ __ _- - 4 18, 722, 321. 12
February _____________ __ __
4 22, 252, 757. 35
March ___________________ _- - 459,421,843.03
-April _____________________ _
433,147,290.42
May _____________________ _-- ---4 28, 740, 770. 57
Jt1ne _____________________ _
•
23,776,086. 63
July ______________________ _-- -- -31, 751, 378. 00
August ___________________ _- - 4 19,878,974.32
September __ ___ __________ _
13,238,528.52
October ___________ _______ _
52,697,534.99
November _______________ _
41. 814, 477. 51
December ________ ___ _____ _- -4 17, 826,477. 29
- -Total ______________ _
4 363,268, 439. 75
---
of disl Amount
bursements
Amount of repayments and other
reductions
$48,158,198.30
15,407,071. 11
4 16, 194. 887. 98
4 25, 673, 199. 15
4 9, 964, 373. 76
4 26,874. 505. 42
4 37, 472, 893. 07
4 12, 788, 981. 64
4 21. 686, 285. 17
4 21, 078. 488. 24
4 28. 129, 122. 08
4 62, 568, 572. 20
4 325, 996, 578. 12
$35,494,380.73
37,365,969.68
4 88, 234, 854. 56
42,318,804.87
26,245,972.64
23.621,504. 72
4 24, 964, 024. 74
76,989,563.85
15,983,439.46
16, 373, 756 98
12, 171, 240. 37
27,714,348.95
4 427, 477, 861. 55
$2,147,128,726.69
2,125,169,828.12
2,053,129,861.54
2,036,484,255.82
2,020,202,656.94
2,023,455,657.64
2, 035, 964, ,525. 97
1,971,763,943.76
1,977,466, 789.4i
1,982,171,520.73
1,998,129,402.44
2,032,983,625.69
2,032.983,625.69
28, 148, 5f,7. 77
32, 808, 563. 47
4 23, 232. 818. 71
4 27, 318, 105. 84
4 36, 446, 355. 25
4 16, 261, 804. 34
26,215,962.76
42,630,179.43
28,409,639.21
56,939,667.17
24,148,989.78
95,357,725.58
4 437, 918, 369. 31
19,696,526. IR
33, 7.52, .5.56. 10
5 293,425,401.04
11, 291, 449. ,52
146, 426, 781. 06
21,535,923.82
72, 453, 676. 0,5
24,956,949.67
10,602,980.92
28,857,811.82
9,163,852.14
36,949,822.08
709,113,730.38
2,041,435,657.30
2,040,491,664.67
1,770,299,082.34
1,786,325,738.66
1,676, 345,312.85
1,671,071,193.37
1,624,833,480.08
1,642,506,709.84
1,660,313. 368. 13
1,688,395,223.48
1, 703, 380, 361. 12
1,761,788,264.62
1,761,788,264.62
418,180,475.19
4 15. 996, 751. 79
4 24,462,607. 94
4 24, 512, 491. 98
4 28, 3,51. 976. 16
4 26, 970, 695. 09
41,958,397.90
15,526,542.77
21,643,210.63
18,603,540.69
30,208,609.07
20,877,048.47
4 287, 292. 347. 68
,57, 338, 978. 95
806, 259. 83
23,660,229.11
78, 571,335.07
28,139,248.84
4 88, 593. 426. 19
4 23, 953, 498. 26
4 13, 546, 198. 28
8,426,218.09
4 14, 097, ,548. 39
4 56, 249, 178. 0.5
4 28, 211, 457. 99
4 444, 593. 577. 05
1,722,629, 760.86
1,714,820,252.82
1. 715, 622, 631. 65
1,661,563,788.56
1,661,776,515.88
1,600,153,784.78
1,618,158,684.42
1,620,139,028.91
1,633,356,021.45
1,637,862,013.75
1,611,821,444.77
1, P04, 487, 035. 2,5
1,604,487.035.25
4
4
4
4 23,
Amount outstancting at end
of period
1940
January __________________ _- - February ________________ _
March ___________________ _- - - --
Total, first quarter __ - - -
28,691,148.64
4 67, 471, 336. 32
4 56, 523, 145. 18
4 152. 685, 630. 14
23, 009,607.79
58, 301, 911. 72
21,091,543.34
102,403,062.85
4
4
4
39, 811, 628. 84
30, 893, 122. 28
16, 892, 303. 91
4 87, 597, 055. 03
1,587,685,014.20
1,615,093.803.64
1,619,293,043.07
1,619,293,043.07
50,244,330.90
19,084,315.53
86,201,649 90
155,530,296.33
21,502,271.66
20,473,435.57
67,027,909.85
109,003,617.08
24, 36,5, 821. 45
25,387,869.74
6 43, 287, 901. 24
6 93, 041, 592. 43
1,616.429, 493.28
I, 611, 51.5, 059. 11
1,635.255,067. 72
1,635,255,067.72
A pril _. _____ . ____ . ________ _
~fay ______ ______ __ _______ _-- ---
June _____________________ _
- --
Total, second quarte r __
Grand totaL ___ __ __ _- --
75
9,950,775,535.49 ' 7,427,527,729.50
6
s 5, 792, 272, 661. 78
8
1,635,255,067.72
Does not include allocations and loans to other governmental agencies by direction of Congress; purchases of securities from Public v\' orks Administration; and commitments outstanding.
2 These figures have been adjusted on account of r<>scissions.
3 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 amonnt.
4 Revised.
·
5 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.
6
Exclusive of repayments unallocated, pending advices, a.s of June 30, 1940.
7
Does not include the following: $2,336,058.55 representing agreements to repurchase participations in
loans and participations authorized to business enterprises; $4,150,000 of a note sold by the Corporation,
which amount the Corporation has the right to repurchase and the purchasns the right to resell to the
Corporation; and a sale of $~20,000 (principal nrnount) of equipment tru~t certificates of receivers of a railroad, which amount was sold by the Corporation with it.s guaranty.
' Does not include $146,500,000 authorized and disbursed to Rural Electrification Administration, which
was included in table 6 in previous quarterly report~. In this report; the foregoing amount is included in
_ allocations to other governmental agencies as shown in table 1, part 3, inasmuch as this loan was imthorized
- by direction of Congress (under the Rural Electrification Act of 1936, as amended). Repayments on this
loan amount to $2,425.46, leaving $146,497,574.54 outstanding on June 30, 1940.
1
7.-Loans to aid in the reorganization or liquidation of closed banks and trust companies from Feb. 2, 1932, to June 30, 1940, inclusive,
by States (includes loans to rece·ivers, liquidating agents and conservators, and loans through mortgage loan companies and through a livestock
credit corporation to aid in the reorganization or liquidation of closed banks, under sec. 5 o.f the Reconstruction Finance Corporation Act, as
amended; and loans on the assets of closed banks and trust companies under sec. 5e of the Reconstruction Finance Corporation Act, as amended)
TABLE
BANKS AND TRUST COMP A NIES
National
State
Amount authorized
State, etc.
1
Amount withdrawn or
canceled
Amount dis•
bursed
Amount authorized
Alabama _________ _________ __ $1,173,300.00
$382,402.20
$790, 897.80
$5,107,812.46
Arizona ______ __ ____ _________
217,000.00
149,400.00
67,600.00
247,500.00
Arkansas ______ __ ______ __ ____
1,785,200.00
356,251.29
1,428,948.71
9,280,652.61
California _____ _______ ____ ___ 13,948,484.71
2,854,683.09
11, 093, 801. 62
3, 366, 681. 44
Colorado __ _________ __ _______
1,867,950.20
439,019.63
1,428,930.57
71,500.00
Connecticut _______ _____ _____ -- -- -- ---- -- - - - - -- -- -- -- ------- - -- -- -- - ----- ---3,331,000.00
District of Columbia ____ __ __ 16, 664, 341. 35
2, 536, 948.39
14,127, 392.96 --- •-- ----- -- --·- Florida __ __ _____ _____ ______ __
1,866,300.00
720,503.82
1,145,796.18
4,957,072. 27
0-rorgia ___ ___ __ _______ ____ __
fi13,800. 00
204, 631. 4.5
"309, 168. 55
4,709,195.48
Idaho _____ ___ _____ ____ __ __~3, 628, 400.00
:164. 206. n
3, 264,193. 27 ---------- ---- · ..
lllinois ___ __.. __ ______ ________ 37, 756,212. 96
9,256, 399.69
28, 493,413.27
30, 033,682.07
1n diana ______ - _- -- -- -- -- -- -- 21,230,926.87
4,731, 648.60
l{i,499,278. 27
6, 388,375. 85
Iowa ___ ___ __ __ __ __ ____ __ ____ 11, 401 , 002. 20
2,:H4,563.26
9,056,438.94
7,430,700.00
Kansas ___ __________ __ _______
2,285,700.00
655, 044.60
1,630;655.40
1, 411, 000. 00
Ken~~cky ___ ___ _______ ______
8,956,572.41
2,482,668. 86
6, 473,903.55
1,231, 788. 82
Lo msiana ______ __ _______ ____
336.300.00
231,300.00
105,000.00
47,813,411.59
11aine ______ ______ ______ ____ 11,823,
200.00
799,435.32
11, 023, 764. 68
31,858,776.50
Maryland ______ ______ ___ ___ _ 3,499,036.28
643,475.59
2,855,560.69
10,269,024. 00
Massachusetts _____ ________ _ 10, 250, 700.00
2,487,637.02
7,
763,062.98
25,468,148.32
Michigan _______ ____ __ ______ 260,496,043.68
45,766, 600.29 214,610,443.39
68,541,630.31
Minnesota _________ _____ ____
2,638, 747.13
571,692.52
2,067,054.61
3, 130, 100. 00
Mississippi__ _____ _____ _____ _ 2,902,400.00
302,
72,5.
00
2,
599.
675.00
4, 618,559.94
Missouri ______________ ___ ___
7,971,500.00
2, 316, 758.68
5, 6,54, 741. 32
9,643,227. 37
Montana _____ _______ ____ ____
465,200.00
127, 700.00
337,fiOO.OO
674,000.00
Nebraska ___ __ ______ ____ __ __
1,518,126. 58
376,603.00
1,141,523.58
2,532,978.69
Nevada ______ _________ ____ __ 1,005,000.00
259,200.00
745,800.00
2,199,564. 57
New Hampshire ___ _________ ·- ------ --- -- - - -- -- - - ------- - ---- --- - - - - .. -- - - -- - 500,000.00
New Jersey ___ ________ ______ 23,729,489.91
6,744,348.15
16,985, 141. 76
9,234,000.00
New Mexico ___ _____________
465,000.00
104,157.12
360, 8,42. 88
413,473.54
New York __________________ 44,268,593.35
6,577,588.06
37,088,505.29
17,964,943.48
North Carolina . ____________
7,134,900.00
1, 819, 192. 11
5, 315, .707. 89
8, 081, 751. 48
North Dakota __ __ _______ ____
2,589,264.68
919,748.12
1,669,516.56
52,079.30
3,496,129.27
10,891,534.80 254,630,592.50
()hio _______ ~- ----~-- -------- 14,387,664.07
Oklahoma . . ___ ___ _______ ____
2,261,303. Hi
992,.548.39
1,268, 7.54. 'ifi
769, 1-H8. 00
Total
Amount withdrawn or
canceled
Amount disbursed
Amount authorized
$2,703,267.89
117,198.27
3,689,314.94
293,443.90
2, 951. 70
675,234.48
$2,404,544. 57
130, 301. 73
5,580,755.72
3,073,237.54
68,.548.30
2,655,765.52
$6,281,112.46
464,500.00
11, 065, 852. 61
17,315,166.15
1, \:l39, 450. 20
3,331,000.00
rn, 664, 341. 3fi
6,823,372.27
5, 222,995. 48
a, 628, 400.00
67, 789.895. 03
27, 619, 302.72
18, 831,702. 20
3,696, 700.00
10, 188, 361. 23
48, 149, 711. 59
43,681,976.50
13, 768, 060.28
35, 718, 848. 32
329,037, 673.99
5,768,847.13
7,520, 959.94
17,614,727.37
1,139,200. 00
4, 051,105.27
3,204,564.57
500,000.00
32,963,489.91
878,473.54
62,233,536.83
15, 216, 651. 48
2,641,343.98
269,018,256.57
3, 0:31, 221. 15
-- - - - -- - - -
- - -
- ·- -
3,024,308.48
2, 06t3, 236. 97
- - --- - -- - --- -- - -
11, 000, 732. 63
2, 561,979.58
1, 098, 168. 76
539,242.84
395,877.53
11, 146, 167. 41
3,374, 615.84
1, 686,286.22
2,596,473.52
22,556,500.48
2, 370, 467.20
956,326.95
2, 068,946. 86
102,920.77
815,844.20
473,398.99
39,597,6H
5,164,574.59
34,996.50
7,227,696.15
4,619,964.84
12,247.68
67,465,212.03
438, 320.31
-·
-- - - -- -- - --- - -•
1,932,763. 79
2,642,958. 51
-- -- -- ---- -- - -- -19, 032, 949. 44
:~, 826, 396. 27
6, :~32, 531. 24
871, 757.16
835, \:lll. 29
36, 667, 244.18
28,484,160.66
8,582,737.78
22, 871,674. 80
45, 227, 042. 12
759,632.80
3,662,232. 99
7,574, 280. 51
571,079.23
1, 717,134.4\J
1, 726, 16,5. 58
460,402.31
4,069,425.41
378,477.04
10,337,247.33
3,461,786.64
39,831.62
177, 800, 271. 71
:l3l 5W. 611
Amount withdrawn or
canceled
Amount disbursed
$3,085,670.09
184,798.27
4,045,566.23
3,148,126.99
441, 971. 33
675,234.48
2,536,948. 39
3,744,812.30
2,270,868. 42
364,206.73
20, 257,132.32
7, 293,628.18
3, 442,732.02
1, 194, 287. 44
2,878, 546.39
11, 377, 467. 41
4, 174, 051. 16
2, 329, 761. 81
5, 084, 110. 54
68,323, 100.77
2, 942,159.72
1, 556, 001. 95
4,385, 70!>.54
230, H20. 77
l, 192,447.20
732, ,598. 99
39, ,597. 69
11,908,922.74
139,153.62
13,805,284.21
6,439,156.95
931,995.80
70, 961, 341. 30
1, 430,868. n
$3,195,442.37
279, 701. 73
7,009,704.43
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
47,526, 362.71
20, 325, 674.54
15,388,970. 18
2,502,412.56
7,309, 814.84
36,772,244.18
39,507,925.34
11, 438, 298. 47
30,634, 737.78
259,837,485.51
2,826,687.41
5,964,957.99
13, 229, 021. 83
908,579.23
2,858,658.07
2,471,965.58
460,402.31
21,054,567.17
739,319.92
47,425,752.62
8,777,494.53
1,709,348.18
188,691,806.51
1,600,3fi2.42
Oregon ______________________
3,237,800.00
455,667.84
2,782,132.16
733,920.25
235,022.55
Pennsylvania ______ ________ _ 82,884,084.97
22,663,444.60
59,751,140.37
49,778,479.65
24,338,633.72
Rhode Island ____ ___ __ ___ ___
1, 411, 855. 76
255,785.26
- ----------- ---------------- --------- ---- --South Carolina ____________ __ ----7,394,180.14
1,542,865.77
5,851,314.37
2, 518, 263. 16
380,653.31
South Dakota _______________
1,295,184.30
276,620.62
1,018,563.68
1,249,548.26
824,596.73
Tennessee. ____ ___________ ___ 16,761,143.68
1,057,479.72
15,703,663.96
1,492,875.64
539,733.70
Texas _______________________
5,966, 434.14
l, 011, 946. 55
4,954,487.59
6,933,607.27
803,137.19
l Ttah __ _____________ ___ __ ____
39,500.00
4,500.00
35,000.00
4,648,775.52
2,419,602.15
Vern1ont __ _____ ___ ____ ______
1,349,800.00
1,064,999.29 -- - - - -- ·-- --- ---- ------ --------- 284.800. 71
Virginia ______ __ ____ _________
2,199,700.00
412,334.96
1,787,365.04
5,320,500.00
911,883.25
Washington ___ ___________ ___ 11, 705, 3ti9. 82
], 636,615.14
11, 389, 516. 19
10;068, 7.54.68
1,100,091. ao
West Virginia _______________
8,529,884. rn
1,287,893. 37
7, 241, 990. 7ll
4,717,256.00
2,048,867.28
V\riseonsin __ _____ __ ____ ____ __
7, 101,721.08
1,646,766. 26
6, {i32, 006. 0.5
5, 454,954.82
4,618,539.98
Wyoming __ ____ ___ ___ __ _____ --- - --- - -- - - -- -18.5,
500.
00
185,500.00
- --- - --- ------- -- ------Porto Rico _____ _____ ________ --- ------- -- --- - -------1,485,000.00 --- - -- - -- --- -- ---- ---------- --- - -- ------ -- ---- - 1'otal _________________ 669,502,461.82 134,511,295. i9 533,793,766.03 674,460,244.34 200,580,562.71
1
Includes District of Columbia banks and trust companies.
498,897.70
25,439,845.93
1,156,070.50
2,137,609.85
424,951.53
953,141.94
6,130,470.08
2,229,173.37
-- --- - - ----- ----4, 408, 616. 75
9,689,424.83
2,668,388.72
2, 013, 46(\. 07
--- - -- --- - -------------- - ------
461,860,903.21
3,971, 720.2fi
600,690.39
3,281,029.86
47,002,078.32
85,190,986.30
132,6~,564.62
1, 4fl, 855. 76
255,785.26
1,156,070.50
9, 91.2, 443. 30
1,923,519.08
7,988,924.22
1,443,515.21
2,544,732.56
1,101,217.35
16,656,805.90
18, 2M, om. a2
1,597,213.42
12, 900; 041. 41
11,084,957.67
1,815,083.74
4,688,275.52
2, 424, 102. 15
2,264,173.37
1,349,800.00
1,004,999.29
284,800.71
1,324,218.21
6, 19!i, 981. 79
7,520,200.00
2:1, 094, 886. 01
3,336,706.50
19,758,179.51
3, 33(i, 760. 65
13,247.140. 16
9, 910, 379. 51
6, 2ti5, 30(). 24
13,733, 727.13
7,468,420.~9
185,500.00
185,500.00 ------ ---- -----1,485,000.00 ------- -------- - ----------- ----1,343,962, i06. 16 335,091,858.50
995,654,669.24
48
QUARTERLY REPORT OF RECOXSTRUCTION FINANCE CORPORATIO:X
8.-Loans on and purchases of preferred stock, and purchases of cap1·tal
notes or debentures, of banks and trust companies, disbursed from l\larch 9, 1938,
to June 30, 1940, inclusive; and outstanding as of June 30, 1940 ( under sec. 30-4,
title III, of the act approved lvlarch 9, 1933, as amended)
TABLE
BANKS AND TRUST CO::\IPANIES
I
Disbursed
I
State
?\°UJ11ber
of banks
and trust
oompa nies I
r
Outstandin~
1
-Numbn
of banks
and trust
Amount~
oo~
panies 1
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ----------·.\Llbama. _________________________________ _
i1
$](i. 203, 575. 00
$7,608,180.97
37
\rizona ____________________________________ _
5
2.430,000.00
1
1. 196.600.00
Arkansas __________________________________ _
113
4, 419, 000. 00
79
2,448.083.89
California _________________________________ _
122
96,029,225.00
66
65,366,392.17
Colorado __________________________________ _
,5(i
4,893,500.00
36
1, 711. 800. 00
C'onnecticut. ___________ ________________ _
3H
7. 192, 126. 00
35
5,187,158.00
Dela ,..,·are ______ . __________________________ _
11
567,300.00
9
209,700.00
District of Columbia. _____________________ _
7
2,900,000.00
6
1, (H2, 800. 00
41
2,201,200.00
32
829,229.01
Florida-----------------------------------Georgia ____________________________ -- - - - __ _
86
t 835, 500. 00
2,459,895.5,
60
Idaho ___________ - - - - - - - - - - - -- - - - - - - - - - - - - 24
2,130,000.00
16
1, 266, 700. 00
Illinois ____________________________________ _
:?ZG
91, 731, 114. 17
142
8, 239, 297. 11
l n dia na __________ ________ _______ . ________ _
2~2
16,966,250.00
206
9,302,060.00
I ow~- _______________________________________ _
140
10, 263. 000. OU
4,361,890.00
97
Kansas _________ . _________________________ _
198
5,272,700.00
143
2,835,374.23
Kentucky ___________________ .. ____________ _
112
9,079,850.00
5,692,Gfin.95
86
Louisiana_ ___________________ ___________ _
111
I.",, 547, 000. 00
73
5,740,277.50
2\Iaine ___________________________________ _
31
9, 125.500.00
26
4, 986, 501. 92
Maryland _________________ _______________ _
fi.')
9, :348. 170. 00
.58
6,535,430.!16
JVIassachust~tts __ ________________________ _
(ii
16,674,200.00
7,157,995.90
38
~Iirhi~~n ________ _________________________ _
18-1
40. 725, 261. 00
25,249,529. Hi
136
.:\ Ii n n eso t n _ __________ _________________ __ _
25~
17,378,525.00
6,361,237.fl2
160
148
14,663,150.00
126
6,304,213.82
21,034, 92,5. 00
221
167
6,018,277.85
=
=-. ===: ==: ======-. =======
.:\1ontana __________________________________ _
57
4,030,500.00
30
822,530.00
Nrbraska _________________________________ _
149
8. ,) 78, 050. 00
92
2,318,570.54
:'-J f'vada ___ ____________________ ___________ _
12. ,:,;oo_ oo
4
205.000,00
1
New Hampshirr ________________________ _
786,635.00
10
6
264,135.00
210
94. 461, 516. 07
1i5
78, 284, 121. rn
19
715,000.00
1.4
489,200.00
===- =======:-. ==-. =====-. ===-. =-.:-.-.
N cw York_ ____ ____ ______________________ _
478
3:32, 172,834. 16
65,250,930.tiS
307
North Carolina ____________________________ _
133
7,488,fiOO.OO
82
3,943,325.00
North Dakota ______________________________ _
4, 029, ,500. 00
no
2,090,380.74
106
0 h io _____________________ ________________ _
389
44,561,179.29
93.432. 237.00
257
Oklahoma _________________________________ _
10,944,000.00
47
1,403,914.98
28
Orevon ____ ____ __ _____________ _____________ _
I, 9,50, 000. 00
53
574,fi75.00
26
Prnnsylvania ____________________________ _
286
46, 010, 096. 50
236
34, 28t}, 044. OL
RhodP Island_ __ ____ . ____________________ _
4
898. ,500. 00
4
636,06.'i.OO
South Carolina ___________________________ _
36
2,786,800.00
26
1,436,200.00
South Dakota ____________________________ _
4. ,438. 100. 00
119
2,271,539.32
87
Tennesser ____________________ _____ - _- _- __ _
121
12.559,050.00
9,379. ln7.09
103
Texas _____________________________________ _
31,404,125.00
404
13,885,524.48
256
Utah __ ___________________________ . _______ _
41
4,045,000.00
1,410,411.43
32
Vermont. _________________________________ _
15,737,808.00
60
41
17,295,000.00
Virginia _________ . _______ __________ - - - - - - - - - 5,598,021.25
132
10,694,650.00
100
\Vashington _ ____________________________ _
9G
2,503,100.00
52
6,514,500.00
\Vest Vfr~inia ____________________________ _
91
fi,461,056.66
2,455,950.21
64
Wisconsin ___ . _____________________________ _
33,585,600.00
21,074,859.17
402
314
Wyo ming__ ______ ________________________ _
23
14
~78,800.00
1. 367, 500. 00
.'\.laska ___________ ____________________ - ___ 1
37,500.00
Puerto Rico ______________________________ - _
450,000.00
1,250,000.00
2
3
Virgin Islands _____________________________ _
1
12.5, 000. 00
1
.59, 000. 00
Amount
~~i~~~.,~~It~i:: ~:: ~:-. ~
~ ~: I7;~i~o
Total .. ______________________________ _
6, 117
Subscriptions for preferred stock of:
Export-Import Bank of \Vashin!!ton __ _
1
Second Export-Import Bank of Washington, D. C ________________________ _
1
,---Grand total. ________________________ _
6,119
See footnotes at end of table.
1,159,877,381.56
4,291
500, 558, 251. 28
74,000,000.00
1
74,000,000.00
4,292
574,558,251.28
2,500,000.00
1,236,377,381.56
49
QUARTERLY REPORT OF RECOXS'TRUCTIO:X FIXAXCE CORPORATIOX
T ABLF. 8.-Loans on, and purchases of preferred stock, and purchases of capital
notes or debentures, of banks anA I.rust compan.ies, disbursed .fr01n !I.far. 9, 193,],
to J 1..me 30, 1940, inclusive: and outsta.nd,i ng as of June 80, 1940 ( Hnder sec. 30,{,
title Ill, of the act approved iliar. 9, 1933, as amended)-Continned
B ..\~KS AXD TRUST C'Oivf PA~IES-Continnc>d
.NATIONAi.
J
Dishurst'd
State
N'um~er
of banks
::md trust
companies 1
I
1'
Amount
Outstandin~
Numhrr
of banks
anrl trust
companies 1
Amount.~
- - - - - - - - - ---------- ----- ----- - ---- - - - - -------- - - - - - - - - - - - - - - -
.
.
Alabama _______________________
____ ____ ___ _
Arizona. _______________________ ___ __ ___ __ __
Arkansas ____ _____ . _____________ ___ ________ _
California. ____________ _______ ___ ___ __ _____ _
Colorado. __ ___ _______ . ___ . ___ - ___ __ - __ - - . __
C onnc>cticu t . _________ ________ ____ _____ ____ _
De la ware ____ ____ ____________ __________ __ _-1
District of Columbia. ______ . ____________ __ _
FJor1da __ __ _____ ________ __ .. __ _. ___________ _
Georgia. ___ ____ __________________ . __ ______ _
Idaho __________ ___ _____ _____ __ ~- ______ .. ____ _
IJlinois _______ ______________ ____ ___ __ ______ _
Indiana _______________________ _____ ___ ____ _
Iowa _________________ . ___________________ ___
Kansas __________ ___ __ ____ ____ __ ___________ _
Ei~i~y~~r~~========
==== ~-======
===----=========
~faine ... --------------------=-- ----
2\f aryland ______________________ __ __ _____ ___ _
~fassachusett.s. _______ ____ _____ ______ _______ 1
~Iichigan __ _______________________ ______ __ _
::\Iinnesota __ _________________ ___ ___ ____ ___ _
Mississippi ___________ _____ __ ________ _____ ___
:\1issouri. ____________ ____ __ ____ ___ __ ______ _
Montana __________________________ ___ ___ ___
Nebraska. _______________________ _________ _
~evada ______________________ ___ ___ _______ _
New Hampshire. ________________________ __
New Jersey ____________________ _________ ___
New Mexico. _____________________________ _
New York ______________ ______ __ ___ __ __ ___ _
North Carolina __________________ _________ _
North Dakota ____ ________ _________________ _
0 hio . __ . __ .. ____ _. __ .... -- -- - -- - - - -- - - - - -- - Oklahoma ______ ___ ______ __ _____ ____ ______ __
Oregon _______ ____ _______ _________ ______ __ __
Pennsylvania ________ _________ ___ __ ____ ___ _
Rhode Island ______________________ _______ _
South Carolina ___ ________ __ _____________ ___
South Dakota. _____________________________ _
Tennessee ________________ _________________ _
T~xas ______________________________ _______ _
Utah .. ___________ __________________ ____ ___ _
\Termont ________________ __________________ _
Virginia ________________________ ____ ___ ____ _
,vashington _______________________________ _
,vest Virginia. ______ ___ ____________ _______ _
\Visconsin _________________________________ _
Wyoming ____________________ __c· __________ _
..\ laska _______________ . ___________ - . -_.. _. - .
Virgin Islands. ____________________________ _
Total, national. _____________________ _
1
1
$11,346,800.00
1,540,000.00
1, 570, 000. 00
n7,376, 725.00
4, 113.500.00
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
/\ 512,500.00
2,282,500.00
3,397,350.00
4,400,000.00
2,610, 000.00
2,998,170.00
10,723,200. 00
20,670,760.00
13,577,525.00
2,652,650.00
8,737,125.00
1. 511,000.00
5,849,950.00
175,000.00
686,635.00
32. 022, 43,5. 82
410,000.00
129,486,605.83
t, 905,000.00
2, 410, ,500. 00
35.5no, 737.oo
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
23,651,625.00
1, 325,000.00
560,000.00
3,917,400.00
:3,090,000.00
3,445,066.66
1.5, 545, 100. 00
702,500.00
37,500.00
125,000.00
2,050
572,9,5,536. 98
27
3
24
f>3
33
16
4
2
13
18
\}
133
51
49
46
29
]5
13
13
43
,'i3
97
1,5
31
20
50..,
,)
9
138
6
240
18
:31
83
40
20
200
3
(j
27
27
148
8
g
36
23
36
57
10
$4,500,700.00
10
l
1. 196, HOO. 00
13
34
885,793.97
:,7, 382, 687. l 7
1, ll9. 800. 00
'2,821,958.00
123,300.00
fi92,800.00
349,000.00
801. 250. 00
7-59, 1oo. no
4,789,295.00
2,693,520. 00
2,378,950.00
], 163.500.00
l, .544. 879. 4.5
3,210,500.00
fi21, 68.5. 00
2, Ofii, 540. 00
4, 014, 445. !lO
13, 934, 061. 00
4,604,477.02
1,492,299.51
2,159,925.00
257,980.00
1,531,950. 00
12,500.00
164, 13,5. 00
2fi,034,841 . 94
285, lfi0. 00
18, 578, 125. 19
312,500.00
730.400.00
l 7, 276, lM. 21-l
1, %8, 114. IJ8
130,300. 00
12, 139, 354. ffi
396,065.00
H)
1,)
4
1
9
11
()
94
30
30
31
12
1:3
8
10
19
41
53
13
21
10
30
l
,i
113
4
1G7
10
18
57
22
,5
l.58
3
3
934,500.00
1, 428, 553. 89
.5, 598, R15. 0~
10,303,303.48
.523. 811. 43
317,008.00
19
20
H9
(:i
7
22
12
24
38
I, 097, 77,j_ 00
l, 845, 07,5. 00
624,270. 2l
9,fi62,900.00
205,00U.OO
[i
_ _ _ _1_! _ _ _
1 rn.
I
1,357
I
I
See footnotes at end of~table.
o_,_io ~oo
226, 101, fi.'iO. HI
50
QUARTERLY REPORT OF RECOXSTRUCTION FINANCE CORPORATION
•
8.-Loans on and purchases of preferred stock, and purchases of capital
notes or debentures, of banks and trust companies, disbursed from 1.vfar. 9 1933
to June 30, 1940, inclusive; and outstandin;g as of J11,ne 30, 1940 (under s~c. 304:
f'itle III, of the act apprGved Mar . .9, 1933, as amended)-Continued
TABLE
BANKS AND TRUST COMP A.NIES-Continued
STATF', ETC.3
Disbursed
Number
of banks
and trust
companies 1
State
Alabama __________________________________ _
Arizona ___________________________________ _
Arkansas __________________________________ _
California _________________________________ _
Colorado __________________________________ _
Connecticut _______________________________ _
Delaware _________________________________ _
District of Columbia ______________________ _
Florida. ___________________________________ _
Georgia ___________________________________ _
Idaho _____________________________________ _
Illinois ______ . _____ - ___________ - _- __ - - -- -- -Indiana ___________________________________ _
Iowa ______________________________________ _
Kansas ____________________________________ _
44
2
89
59
23
23
7
5
28
68
15
93
2:n
91
]52
83
Maine
____________________________________ _
fi~j~t~~l:=================================
Maryland _________________________________ _
lviassach use tts ________________ . ___________ _
i1icbi~~n _________________________________ _
Minnesot~--------------------------------....
M !ss1ss1pp1__ ______________________________ _
M1ssour1 __________________________________ _
Montana __________________________________ _
Nebraska _________________________________ _
N eva<1a ____________________ ______________ _
New Hampshire __________________________ _
New Jersey _________________________ - __ - __ _
New Mexiro ______________________________ _
New York ________________________________ _
North Carolina ___________________________ _
North Dakota _____________________________ _
Ohio ______________________________________ _
0 k lab om a _________________________________ _
Oregon ____________________________________ _
Pennsylvania _____________________________ _
Rhofle Tsland __ . __________________________ _
South Carolina ____________________________ _
South Dakota _____________________________ _
1'ennessee-----~---------------------------Texas _____________________________________ _
lTtal1 ______________________________________ _
Vern1ont __________________________________ _
Virginia ___________________________________ _
·was rling;ton _______________________________ _
,vest Virginia _____________________________ _
\Visconsin _________________________________ _
Wyoming _________________________________ _
Puerto Rico _______________________________ _
Total _______________________________ _
Subscriptions for preferred stock of:
Export-Import Bank of Washington __ _
SPcond Export-Import Bank of Washington, D. C ________________________ _
Grand total, State, etc ______________ _
96
18
52
24
131
161
133
190
37
99
1
1
72
13
338
115
99
306
7
33
86
1
30
92
94
256
33
51
96
73
55
345
13
3
Amount
Outstan<ling
Number
of banks
and trust
Amount
2
<'Om-
panies
$4,8.56, 775.00
890,000.00
2,849,000.00
28,652,500.00
750,000.00
3,468,700.00
430,000.00
1,800,000.00
R71, 200.00
3,113,000.00
1,040,000.00
7,511,000.00·
9,777,750.00
3, 750, ,500. 00
2,990,250.00
5,682,500.00
11,147,000.00
6,515,500.00
6,350,000.00
5,9fil,OOO.OO
20,054,501.00
3,801,000.00
12,010,500.00
12,297,800.00
2. f,19 ..500. 00
2. 728,100.00
30,GOO.OO
100,000.00
62,439,080.25
305,000.00
202,686,228.33
fi,583,500.00
1.619,000.00
57,931,500.00
70,000.00
1,060,000.00
25,316, ~60. 00
250,000.00
1,281,800.00
1,484,000.00
4, 4.£l6, 550. 00
7, 7,i,;2, 500. 00
2,720,000.00
In. 735,000.00
6,777,250.00
3,424,500.00
3,016,000.00
18,040,500.00
665,000.CO
1,250,000.00
1
27
$3, lOi', 480. 97
----------------------------66
1,562,289.92
32
17
20
5
5
23
49
10
•
48
176
67
112
74
60
18
48
19
95
107
113
146
20
62
7,983,705.00
592,000.00
2,365,200.00
86,400.00
920,000.00
480,229.01
1,658,645.57
507,600.00
3,450,002.11
6,608,540.00
1,982,940.00
1,671,874.23
4,147,787.50
2,523,777.50
4,4f»,816.92
4,477,890.96
3,143,550.00
11,315,468.16
1,756,760.90
4,811,914.31
3, 858, 352. 8,5
564,550.00
786,620.54
-----------100,000.00
1 ------------------
40
40
276
9
2
53,249,285.22
204,050.00
t6. 672, 80.5. 49
3,630,825.00
1,359,980.74
27,285,025.00
45,ROO.OO
444,375.00
22,145,689.34
240,000.00
501,700.00
8-12,985.43
3,780,352.00
3, 582, 221. 00
886,ffiO.OO
15,390,800.00
4,500,246.25
658,025.00
l,831,n80.00
11, 411, 959. 17
473,800.00
390,000.00
62
10
140
72
88
200
6
21
78
1
23
68
83
157
26
34
78
4,067
586,901,844.58
2,934
274,456,601.09
1
74,000,000.00
1
74,,000, 000. 00
2,500,000.00 ------------
------------------
---
1
4,069
663,401,844.58
2,935
348,456,601.09
1 After eliminating duplications.
Such duplications arise in cases where the Corporation makes disbursements to a bank or trust company under more than one of the classifications under sec. 304, title III, of the
act approved Mar. 9, 1933, as amended.
2 Amount outstanding includes repayments unallocated, pending advices, as of June 30, 1940.
3 Where chanres in the status of banks have occurred between the date of authorization and June 3Q,
1940 (for example, where a bank has changed from State to national:,, such banks are distributer! iu the
above table according to their status on June 30, 1940.
QUARTERLY REPORT OF RECONSTRUCTION FINANCE CORPORATION
51
9.-Loans authorized (and commitments outstanding as of June 30, 1940) to
business enterprises, from Feb. 2, 1932, to June 30, 1940, 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 the fishing industry under sec. 5 of
the Reconstruction Finance Corporation Act, as amended ; and loans to business enterprises through
banks and mortgage loan companies under sec. 5 of the Reconstruction Finance Corporation Act, as
amended]
Number of Percent of
loans
total
Size of loans
$5,000 and under ___ ......... _.. ___ .. _. ... _._ .. _-_
$5,001 to $10,000, inolusive __ ___ _______ _______ ___ __
$10,001 to $25,000, inclusive _____________________ __
$25,001 to $!':0,000, 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 . __________________
3,454
1,469
1,770
1,042
766
406
1 2______ • ___ • _ •• _. ___ • __ • __ • __ • __ • __ _ _
9,305
100.0
285
---------------
Total
66
46
37. 1
15. 8
19.0
11. 2
8.2
4.4
3. 1
.7
.5
1
Amount authorized
1
Percent of
total
$7,921,051.54
11, 823, 410 . .51
31,855,755.31
40, 831, 117. 39
59,473,743. 59
61,051,532. 55
92,613, 589.37
49, 713, ~96. 24
13f.,828,423.45
12. 1
12.4
18. _
10. 1
27. S
492, 112, 519. 95
100. 0
1. 6
2. ,t
6. 5
8. 3
t Does not include authorizations and commitments outstanding in connection wlth national defense, as
follows : 2 authorizations to purchase capital stock, aggregating $2,000,000; 2 commitments outstanding to
purchase capital stock, aggregating $8,000,000; and 3 commitments outstanding to make loans, aggregating
$165,015,000.
2 The break-down by types of the above total amounts is as follows:
Number of Amount authorJoans
·
ized
Under sec. 5d of the Reconstruction Finance Corporation Act, as
amended:
Loans (and participations) __________ ___________________________ _
Commitments outstanding as of June 30, 1940 ______________ _____
Under sec. 5 of the Reconstruction Finance Corporation Act, as
amendE>d:
Loans to fishing industry ___ __________ _. _____ ____________________ _
Loans to business enterprises through banks and mortga2"e loan
companies. ____________________________________________ ~ _____ ___
Total .. _____________________________________________________ __
9,032
59
0
$41fi, 354,353.28
58, 358, 691: 67
27
809,700. 00
177
16, 589, 77,1. 00
9,305
492, 112, 519. 95
0
Does not include $2,336,058.55 representing agreements by the Corporation to purchase participations in loans and participations sold.
.52
QUARTERLY REPORT OF RECONSTRUCTION FINANCE CORPORATION
10.-Number of business borrowers to which authorizations were made; and
amounts authorized, etc., from Feb. 2, 1932, to June 30, 1940, inclusive, by
industries
'TABLE
'.[Includes loans and participations, and commitments outstanding, under Sec. 5d of the Reconstruction
Finance Corporation Act, as amended; loans to borrowers engaged in the fishing industry under Sec. 5
of the Reconstruction Finance Corporation Act, as amended; and loans to business enterprises through
banks and mortgage loan companies under Sec. 5 of the Reconstruct!on Finance Corporation Act, as
amended]
-
Number
of bor·
rowers 1
Amount authorized
(including
commitments
outstanding
as of Jur:a 30,
1940)
Amount withdrawn or
canceled
141
117
$4,188,975.37
5,704,387.90
$1,209,132.49
2,258,430.59
$2,054,940.39
2,241,533.65
45
149
80
96
49
63
65
229
6,542,950.00
11,342,705.51
1,686,316.58
2,124,712.39
2,457,304.35
1,975,783.33
1,220,004.66
6,643,409.85
3,794,283.21
4,300,172.92
662, 905. ,52
991,797.05
979,641.20
693,893.78
604,715.91
2, 1,51, 532. 19
1, 488, 701. 09
5,560,895.46
676,891.46
955,832.03
1, 301, 154. 35
1,069,212.33
435,118.70
2, 961, 181. 60
1,034
43,886,549.94
17,646,504.86
18,745,461. 06
71
73
14,830,419.70
993,400.00
12.529, 193.21
9,382,600.00
7,969,895.69
10,201,850.00
3,842,760.00
837,260.00
1,850,500.00
1,950,200.00
4,228,475.00
3,493,406.25
760,500.00
3,649,917.47
2,093,677.87
2,552,183.87
2,897,509.82
1, 709, 841. 67
307,610.00
99. 821. 35
171,640.40
1, 316, 807. 31
9, 839, 86R 40
172,900.00
8,403,364.22
6,984,108.86
4,526,743.13
5,563,053.99
1, 529, 371. 76
,519, 650. 00
1,125,678.65
1. 740, 781. 80
2,818,202.14
Total, textile products. ------------
621
68,616,553.60
19,052,916.01
43,223,723.95
"Lumber and timber products
Lumber ________________ _
Furniture ______________ _------------------------Wooden containers _____ _------------c
Millwork, sash, doors, et ____________
Cooperage, and rooperag e stock. _____
Wooden turned products ------------All other _______________ _-------------·
204
161
,51
190
21
30
39
22,947,316.91
8, 317, 702. 7.~
2,814,529.47
10,201,553.67
686,950.00
1,256,496.67
1,154,700.00
4,852,946.17
2,993,787.99
1,029,962.75
3,723,927.07
389,937.50
590,000.00
646,915.70
13,356,908.99
4,798,214.90
1, 687, 129. 47
5, 477, 704. 8fi
278,450.00
n41, 113. 94
384, M7. 27
Total, lumber and timb er products_
696
47,379,249.47
14,227,477.18
26,624,039.42
-Paper and allied products:
Containers (boxes, etc.)_ ------------Pulp, paper mills. _____ _
All other _______________ _-------------
-------------
40
49
31
586,344.98
37,110,750.00
1,261,350.00
285,144.23
2,846,666.87
775,052.60
230,494.98
14,224,338.62
275,500.00
Total, paper and allied products. __
120
38,958,444.98
3,906,863.70
14,730,333.60
:Printing and allied products
Book and job printing __ _------------Engraving, lithographing , etc .. ______
All other _______________ _
-------------
175
34
69
3,390,943.29
1,449,830.00
1,099,694.88
1, 119, 280. 60
1,096,415.34
417,068.69
2, 114, 056. 70
192,224.66
627,175.00
Total, printing and alh'ed products.
278
5,940,468.17
2,632,764.63
2,933,456.36
•'Chemical and allied products
Paints, varnishes, and all ied products.
Fertilizers. _____________ _------------Cleaning and polishing m aterials. ____
All other _______________ _
-------------
39
35
15
91
1,667,250.00
1,775,645.45
289,714.57
3,986,867.84
523,736.99
341,280.08
140,100.00
1,170,603.53
1,063,361.87
1,319,586.68
146,407.71
2,633,389.31
Total, chemical and alh'ed products.
180
7,719,477.86
2,175,720.60
5,162,745.57
29
2,157,950.00
181, 012. 50
Industry
•Manufacturing:
Food and kindred products:
Dairy products ________ _------------Meat and poultry packin g ___________
Canning, preserving, pro cessing:
Fish. ______________ _
------------Fruit and vegetables ------------Bread and bakeries ____ _------------Flour milling __________ _------------Confectionery __________ _------------Animal feeds _________ _------------Ice, cold storage, etc ____ _
All other _______________ _-------------
-------------
Total, food products._ ------------Textiles and their products:
Cotton goods ___________ _
Cotton small wares ____ _------------------------Woolen goods __________ _------------Silk and rayon goods ___ _------------Knit goods, hosiery ____ _------------Dyeing and finishing ___ _------------Men's clothing and furni shings ______
Women's clothing and fu rnishings ___
Upholstery material. dr!J peries _______
Mattresses and bedding_
All other ______________ : _-------------------------
Rubber products, total. ____ _
-------------
":See footnotes at end of table.
--22
52
45
127
35
87
66
12
31
Amount disbursed
1
I
1,044,412.50
QUARTERLY REPORT OF RECONSTRUCTION FIKA~CE CORPORATION
53
10.-LVumber of business borrowers to whi"ch authorizations were made; and
amounts authorized, etc., from Feb. 2, 1932, to June 30, 1940, inclusive, by
-industries-Continued
TABLE
Indu.c;;try
Number
of borrowers 1
Amount authorized
(inrluding
commitments
outstanding
as of June ~o.
1940)
Amount withdrawn or
canceled
Amount disbursed
Manufacturing-Continued.
Leather and its manufactures:
Tanning and :finishing______________ __
Leather goods (luggage, hand bags,
etc.)________________________________
Boots and shoes______________________
All other_____________________________
16
$1,294,000.00
$212,080.00
$421,000.00
13
38
21
931,000.00
3,479,880.00
547,598.71
442,500.00
1,660,336.27
109,700.00
493,500.00
1,252,043.73
392,924.20
Total, leather manufactures________
88
6,252, 478. 71
69
31
90
25
23
25
24
42
2,953,425.00
1,298,900.00
6,494,168.51
969,956.67
2,922, 750.CO
2,077,450.00
2,009,100.00
2, 861, 551. 04
1----1------- ------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 ____________________________ _
----
Total,stone, clay, and glass products_ --~29
---Iron, steel, and their products (excluding
machinery):
Foundry products (castings, forgings,
etc.) _________ _____________________ _
82
Structural and ornamental iron and
steel ______________________________ _
78
Pipe and :fittings ____________________ _
19
Stoves,ranges,furnaces _____________ _
46
Hardware, plumbing, and supplies __
38
•.\.llotber ___________ _________________ _
41
Nonferrous metals and their products:
Metal alloys and products (brass,
bronze, etc.) . ______________________ _
Metal stampings, stamped and
enamel ware _ _______ __ ________ _____ _
Electroplating, metal lamps and
fixtures, etc ___ ___ ______________ __ __
All other _____________ .. ______________ _
2,424,616.27
=====:=
913,317.08
335,280.96
2,565,211.37
482,309.84
824,435.00
452,885.05
423,110. 72
1,632,730.57
I
2,559,467.93
1,917,067.09
946,119.04
3,668,179.40
236,350.00
1,500,550.00
1,501,136.69
1, 448, 284. 91
920,870.29
I
7,629. 280.59
12,138,557.42
======I=========
9, 820, 100. 00
2,234,048.52
4,864,746.04,
4,478,118.24
2,030,275.00
5, 306,966. 40
3,199,215.00
4,888,543.34
2,427,215.64
727,936.70
2,336,928.33
950,146.80
1,367,736.00
1,659,535.96
1,022,950.00
2,282,148.12
1, 941, 181. 71
3,508,347. 34
304
29,723,217.98
10,044,011. 99
15,278,909.17
61
2,622,623.49
1,027,732.15
1,386,852.68
50
3, 560, 731. 00
1,294,320.98
1, 939, 971. 52
24
51
329,92!>.00
2,913,350.00
213,284.80
1,089,350.00
90,800.00
1,463,200.00
9,426,629.49
3,624,687.93
4,880,824.20
1,254,200.00
899, 200; 83
342,489.31
2,296,730.00
5,044,928.58
1, 300, 091. 89
1, 113, 000. 00
2,601,250.00
1,568,500.00
7,124,323.43
1,051,240.03
1,391,602.62
376,319.17
294,732.86
1,315,000.00
739,136.81
3, 177, 331. 51
1,192,830.00
2,650,293.37
709,681.26
781,387.14
1,286,250.00
782,634.38
3,526,857.63
1----1
Total,iron and steel and products _____ _
21,587,301.22
I
- - - - - - - - - - - - - - - - ----·- - - -
Total, nonferrous metals and their
products ________________________ _
186
I====
Machinery (excluding transportation
equipment):
Agricultural implements ____________ _
22
Electrical machinery, apparatus, and
68
SU PP lies - - - - -- - -- - - - -- --- -- - - - - - - -General machinery and equipment_ __
99
Machine tools ______________ _________ _
60
Pumps and pumping equipment_ ___ _
13
Household appliances _______________ _
13
Air conditioning equipment_ ________ _
15
All other ____________________________ _
85
Total,macbinery__________________
Transportation equipment (automobile
accessories, etc.)-totaL________________
375
I====
22,303,023.90
120
I====
38,694,293. 12
7,261,812.52
21,907,013.58
8,922,380.00
1,242,774.32
1,544,891.60
1,352,223.29
1,370,127.71
1, 571, 275. 00
1,434,137.64
473,872.42
725,110.12
391,490.09
601,404.00
620,581.73
2,071,306.49
719, 591. 25
738,557.37
82.5, 362. 29
555,273.71
845,716.85
Wholesale and retail trade:
Wholesale trade:
Food products ______________________ _
Hardware. paints, etc _______________ _
Oil and gas, auto accessories, etc _____ _
Grain and fee.d ,fual, ice, etc _________ _
Building materials __________________ _
All other ____________________________ _
Total, wholesale trade______________
See footnotes at end of table.
137
44
87
50
4G
78
11, 272, 423. 09
9,244,563.83
l=======i======
442 \ 16,003,671.92
5,755,807.96
4,246,596.00
I====,
1======1:======
54
QUARTERLY REPORT OF RECONSTRUCTION FINANCE CORPORATION
10.-l'Vumber of business borrowers to which authorizations were made; and
amounts authorized, etc., from Feb. 2, 1932, to June 30, 1940, inclusive, by
industries-Continued
TABLE
Numbr.r
of borrowers 1
Amount authorized
(including
commitments
outstanding
as of June 30,
1940)
Amount withdrawn or
canceled
130
62
41
100
67
242
119
84
66
83
219
1,213
$493,243. 33
444,645.20
4, 082, 941. 67
548,505.00
236, 484.29
1, 468, 591. 16
1, 713, 679. 67
1,180,665.00
1, 203, 714. 43
851, 931.19
2,703,108.32
14,927,509.26
$195,093. 96
234,255.86
333,034.45
166,372.21
90,010.75
451,404.41
532,831.11
578,264.86
460,412.36
268,628.33
1,065,393.14
4, 375,701 . 44
$244, 950.15
·· 195, 919; 34
3,312,000.00
326,476.21
101,780.79
768,362.82
1,068, 874.57
476,450.00
646,500.00
279,852.86
1, 231, 932. 56
8,653,099.30
92
35
127
14,704, 686.12
3,481,850.00
18,186,536.12
5,024,708. 90
1,485,827.46
6, 510, 536. 36
6,669,574. 07
1,942,218.90
8,611, 792. 97
Laundries, dry cleaning-total __ ____ ____ _
Contracting, etc .-total ____ ______________
172
2,409.243.05
659,054.45
1,475,596.08
112
3, 565, 441. 35
1,177,918.84
1,845,528.78
Tobacco manufa cturing-totaL ________ __
12
277,300.00
68,430. 00
187,000.00
Fur manufacturing and processing-total
25
372,969.25
89, 809.13
246,364.96
Grain ·elevators' and storage_: total ___ _____
Cotton warehou sing, compressing, etc.totaL _____ __ _
30
900, 793.74
371,438.88
16
538,741.56
266,208.23
172,300.00
92,284,675. 26
21,714,255.96
20,379,004.90
In dustry
·w hol esale and retai1 trade-Continued.
Retail trade:
Food produ cts _____ ___ _______ _____ ___
Hardware, p aints, etc ___ _____ _____ __ _
Department stores ____ ___ __ ____ ___ ___
General stores _________ _____ __ __ ___ __ _
Drug stores -- -- ----- - --- - --- - ------ -Auto sales, service stations __ ________ _
Grain and fe ed, fuel, ice, etc _______ ___
Building ma terials _____ ______________
Furniture __------ -- ----- --- ---- -----Apparel stores ____ ___ _________ ______ __
All other ___------------ --- ----- ----- Total, reta il trade ____ _____________ _
Miscellaneous:
Mining: 2
C oaL _____ _----- -------- -- ------ ---- All other_ __ ------- ------ - ---- -------Total, min ing ____ _________________ _
,,
---- --------- ------------All other ______ _
----- ------- ------------- Grand total•- ---- --- --- ----- --- ------- -
I
3
1, 253
4
7, 762 14 5 492,112,519.95
6 140,
138, 181. 90
Amount disbursed
I
427, '579. 61
228,255,442.41
1 Number of borrowers represents the number of applicants to whom loans have been authorized or commitments made.
2 Does not include minin g loans authorized under sec. 14 of the act approved June 19, 1934, as amended.
3 Includes 716 fruit growers located in certain areas in Washington.
4 Does not include authorizations and commitments outstanding in connection with national defense, as
follows: 2 authorizations to purchase capital stock, aggregating $2,000,000; 2 commitments outstanding to
purchase capital stock, aggregating $8,000,000; and 3 commitments outstanding to make loans, aggregating
$165,015,000.
5 Does not include $2,336,058.55 representing agreements by the Corporation to purchase participations
in loans and participations sold .
6 Does not include $1,676,905.33 representing cancelation of the Corporation's liability to purchase participations in loans and participations sold.
TABLE
11-PART !.-Loans on self-liquidating projects by types of project from
July 21, 1932, to June 30, 1940, inclusive
[Under sec. 201 (a), title II, of the Emergency Relief and Construction Act of 1932, as amended]
BRIDGES
Number of Number of
loans
I anthorized borrowers
--------------1
Pu_blic _____
Private
____ __ ___ ___ ____ __
1
Total _____________ - \
Amount
authorized
Amount withdrawn or canceled
Amount
disbursed
--
11
5
9
5
$99, 019, 5i9.80
1,729, 930.78
$3, 578,602.94
415,0::>0.00
16
14
100,779,510.58
3,993,602.94
$95,470,976.86
1,314,930.78
I
96,785,907.64-
I
$1,323,155.71
I
COLLEGE BUILDINGS
Public ___ _______________
-I
I
91
I
$3, 031, 1.55. 71
$1, i08,000.00
·QUARTERLY REPORT OF RECONSTRUCTION FINANCE CORPORATION
TABLE
55
11-PART I.-Loans on self-liquidating projects by types of project from
July 21, 1932, to June 30, 1940, inclusive-Continued
DOCKS AND TERMINALS
Number of Number of
loans
authorized borrowers
Amount
authorized
Amount with•
drawn or canceled
Amount
disbursed
I
Public ___________________
Private __________________
2
2
3
3
$325,000.00
1, 793, 691. 47
$50,000.00
1,100,000.00
$275,000.00
693,691.47
TotaL _____________
5
5
2, 118, 691. 47
1,150,000.00
968,691.47
$7,570,600.00
875,000.00
DRAINAGE AND IRRIGATION
Public ___________________
Private __________________
14
10
3
3
$10,214,000.00
1,330,000.00
$2,308,400.00
455,000.00
TotaL _____________
17
13
11,544,000.00
2,763,400.00
I
8,445,600.00
HOUSING (LOW -COST)
Private _________________
-I
3
I
31
I
$3,973,000.00
I
$1, 441, 307. 571
$774,607.81
$24,665,964.371
$1,764,694.371
$22,901,270.00
$12,187,000.00
I
$8,214,000.00
MARKETS
Private ___________ ~-- ___
-I
91
91
$2,215,915.38
POWER
Public_~-- ----------------1
51
51
PUBLIC AND SEMI-PUBLIC BUILDINGS
Public __________________
-I
61
$3,906, soo. oo
I
--~-53_,_oo_o_.o_o--=----j__$3_,_s_53_,_soo_.oo_
I
$1,097,300.00
SEWERS
Public ___________________ ,
12
i
12
I
$2,034,300.00
I
$937,000.00
WATERWORKS (INCLUDING WATER DISTRICTS)
Public _________________ - Private __________________
TotaL _____________
91
13
.
104
81
13
94
$227,939,859.85
569,340.00
228,509,199.85 -
$178,933,485.85
135,200.00
$9,087,374.00
434,140.00
9,521,514.00
I
179,068,685.85
ALL OTHER
Public _________ - _- - - __ - - Private __________________
Total ______________
5
1
5
1
$4,614,000.00
4,486,250.00
6
6
9,100,250.00
$4,413,222.80
$200,777.20
4,486,250. 00 -----------------4,687,027'20
i, 413,222.80
TOTAL, PART I
Public ____________ -- _- - - Private __________________
Total ______________
155
37
192
I
139
37
$375,780,359.73
24,312,127.63
$19, 848, 148. 51
12,304,697.57
$315, 678,211.22
12,007,430.06
176
400,092,487.36
32,152,846.08
327, 685, 641. 28
56
QUARTERLY REPORT OF RECONSTRUCTION FINANCE CORPORATION
11-PART IL-Loans to public agencies to aid in financing projects authorized under Federal, State, or municipal law by types of project from Apr. 13,
1938, to June 30, 1940, inclusive
TABLE
[Under sec. 5d of the Reconstruction Finance Corporation Act, as amended]
Type
Bridges ______________________________
College buildings _____________________
Power and light_ __________ __ _________
Public buildings _____________________
School buildings ____ __ _______________
Sewers ______________________ _- ________
Streets anri roads __ -----------------\Vaterworks ______ ____________________
All other _____________________________
Total, part IL _________________
Number of
loans
authorized
Amount
authorized
Amount withdrawn or canceled
Amount
disbursed
-----8
12
8
17
13
19
11
54
17
159
I
1
$13,415,536.00
3,932,000.00
18,641,000.00
5, 379, 991. 81
869,900. 00
1, 663, 000. 00
51,678,000.00
16,160,300.00
100,234,100.00
$566,000.00
138,000.00
6,017,000.00
388,000.00
422,100.00
718,500.00
3,076,167.40
1,279,500.00
67,100.00
$11,468,036.00
3,534,000.00
8,349,000.00
4, 688, 991. 81
432,600.00
688,000.0C
37,723,832.60
13,865,300.00
31,658,000.00
211, 973, 827. 81
12,672,367.40
112,407,760.41
t In addition, conditional agreements to make loans, upon the performance of specified conditions, werE
out;,tanding in the amount of $14,609,875 at the close of June 30, 1940.
12.-Number of banks and trust companies to which loans were author1·zed,
and amount authorized, ttnder sec. 5 of the Reconstruction Finance Corporation Act,
as amended, by size of cities or towns, from Feb. 2, 1932, to June 30, 1940,
inclusive
TABLE
Number of banks and
trust companies
Population of cities or towns in which borrowers
are located
Number
Percent of
total
Amount authorized
Amount
Percent of
total
---Under 5,000 ________________________________________
5,000 to 9,999 _______________________________________
10,000 to 24,999. _____________ ___ _______ _____________
25,000 to 49.999. _____________________________ • ______
50,000 to 99,999 ____ ___ __________________ ____________
I 00, 000 to 199, 999 ___________________________________
200,000 to 499,999 ___________________________________
500,000 to 999,999 ___________________________________
1,000,000 and over __________________________________
Tota) ___________________________ _____________
5,145
591
541
254
211
166
106
145
188
--7,347
70.0
8.0
7.4
3.5
2. 9
2.3
1. 4
2.0
2. 5 ·
100.0
$330,703,234.08
129,103,413.50
196,999,299.26
147, 638, 114. 41
293,840,217.51
228,738,845.90
253,169,636.03
411, 784, 813. 07
472,460,717.66
13.4
5. 2
8. 0
6.0
11. g
9.3
10.3
16. 7
19. ~
2,464,438,291.42
100.C
13.-Names and compensation of directors, officers, and employees of the
Reconstruction Finance Corporation receiving from the Corporation more than $40C
per month, as of June 30, 1940
TABLE
WASHINGTON OFFICE
Name
Title
Salary permonth
------------------Schram, EmiL ______________ . _____ . _________ __ Chairman _____________________________ -----Henderson, Charles B _________________________ Director _________________________ - _- - - - -- - - Hus bands, Sam H _____________________________ _____ do _________________ __ _________ - _- - _-- _- ..Klossner, Howard J ________________________________ do _________________ ---------------------Merriam. C. B _______________________________ . _____ do ___ __ __ __ _. . _______ -------------------Talley, Lynn P _______________________________ Assistant to the directors. _________________ - Buskie, George F . ____________________________ Special assistant to the directors ____________ _
Cooksey, George R . ___________________________ Secretary _____ __ _______ _____________ - - - - - - - - M ull~gan, H. A__ ______________________________ Treasurer ___________________________ - - - -- -- - ,
Hamilton, Claude E., Jr _______________________ General cmmscL ___________________________ _
Clay, Cassius M ______________________________ Assistant general counseL _______________ - _- Dougherty, J. !, ___________ _________________________ do _________________________ :. ____________ _
Durr, C. J __________________ ________________________ do ______________________________________ _
Snodgrass, Russell L _________________________ . _____ do ________ __________ _. _- - - - - _- - -- - - -- - - - Corcoran, Thomas G ____ __ ____________ ________ Special counseL _________________ -------- ---Fitts, William C __________________________________ .do _____ -- ____ . - - -- - --- - -- - - - - ---- -- - - -- -Lindquist, R. J_ _______________________________ Chief auditor _______________________________ _
1
On leave of absence without pay.
$833. 33
833. 3::
833. 33
833.33
833. 3::
t 1,041. 6'i
833. 3~
833.33
833. 3::
833.3::
833. ~
833. 3~
833. 33
833. 33
833. 3~
833. 3::
833. 3~
QUARTERLY REPORT OF RECONSTRUCTION FINANCE CORPORATION
57
13.-Names and compensation of directors, officers, and employees of the·
Reconstruction Finance Corporation re_ceiving from the Corporation more than $400
per month, as of June 30, 1940-Continued
TABLE
'WASHINGTON OFFICE-Continued
Name
Title
I Salary per
Barriger . .T. ·w., !IL ___________________________ Chief examiner, Railroad Division _________ _
Brownell, R. A ______________________________ __ Chief, Agency Division ____________________ _
Macartney, Morton___________________________ Chief, Self-Liquidating Divis:on ___________ _
McGrath, M. ]_ _______________________________ Chief, Examining Division _________________ _
Hamilton. T. A______________________________ _ Special examiner ___________________________ _
Thralls, Jerome________________________________ Spedal representative ______________________ _
Williams, George B _________ __________________ PresidentofTheRFC Mortgage Company __
Taylor, R. J ________________________ ___________ Assistant chief, Examining Division ________ _
CosteUo, \V. C ________________________________ Special assistant to the board of directors ____
Satterfield. ·w. R ----------------------------- Assistant general counsel __________________ _
Sullivan. illiam \V __________________________ Examiner ~___________ . _____ ______ __ ________ _
Griffin, D. B __________________________________ Assistant treasurer ___ . ___________ __________ _
Johnson, ,v . .L _______________________________ _ Assistant chief, Examining Division ________ _
Ronan, Frank T ______________________________ _____ do ______________________________________ _
\Vright, Charles M ____________________________ Assistant general coun:,el ___ ______ _________ _
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 ________ _
Stroud.
E __________________________________ _____ do . __ ___________ ________________ .. ______ _
ABen, Ronald H ______________________________ Assistant secretary _________________________ _
Hobson, Alfred T _________________________________ _do ~-- ;· ----------------- - --- - ------------Sullivan, Harry L _____________________________ Assistant treasurer _________________________ _
Davis, Thomas H ____________________________ _ Administrative assistant ______ ______ _______ _
Bassett, Albert E _____________________________ Examiner __________________________________ _
Kelley, Jerome T ______________________________ Assistant treasurer ________ _________________ _
Unzicker. Willard E __ _________________________ _____ do _____ _________________________________ _
Berrett, R. W ____ . ____________________________ Administrative assistant ___________________ _
Merritt, Arthur B _____________________ ______ ___ ____ do _____________________ __ _______________ _
Klagsbrunn, Hans A_________________ __ _____ __ CounseL ___________________________________ _
Edelman. Ed ward __________________________________ do ____ . _________ __ ______________________ _
Shaver, Clem __________________________________ Special assistant to the directors ____________ _
F.lliott, David c ________________________ __ __ __ Chief, Statistical and Economic Division ___ _
Gunderson, Harvey J _________________________ Counsel. ___________________________________ _
Sabin, SRmuel H ______________________ ______ _______ do ______________________________________ _
Dodds, Chauncey y __________________________ _ Examiner _______________________ __________ _
Persons, Henry Z ______________________________ _____ do ______________________________________ .
Stafford, Bayard C _________________________________ do ______________________________________ _
"Tatson, ,vmiam p ______________________ ---- -- - --- _do __ ___ --- - -- -- -- ---- -- --- - -- - - -- - - -- -- - Chad duck, Harry W __________________________ Administrative assistant_ __________________ _
Griffin, Charles N _____ ~-- _________________________ .do ______________________________________ _
Young, R. D _.. ________________________________ _____ do ______________________________________ _
Drager, Walter L _____________________________ . Chief, Engineering Section ____ _____________ _
Strong, Albert L ________________________ ______ Assistant chief, Drainage, Levee, and Irri·
gation Division.
Hill, George H., Jr _____________________________ CounseL _______________ ____________________ _
Stansfield, Edgar A ________________________________ do ______________________________________ _
Shepard, Guy B _______________________________ Assistant chief, Agency Division ___________ _
Greist, Alva O ________________________________ Advisory engineer __________________________ _
Fletcher. William Meade, Jr_ _________________ Counsel ____________________________________ _
Miller, M. E ______ ______ __ ______ __ ____ ___ _____ Examiner ____ _____ _________________________ _
Norton. John E _______________________________ Chief, Mining Section _________ _____________ _
Stein. Edward T ____________________________ __ Chief, Bond Service Section ______ __________ _
Livingston, Schuyler W _______________________ CounseL __________ _________________________ _
Greer, Frank H _______________________________ Special represen ta ti ve ______________________ _
Healey, George W _____________________________ _____ do ___________ ___________________________ _
Boggs, Verner_ ________________________________ Ex~,miner _____________________ _____ _____ ___ _
Cole, James O _______________________________ __ Assistant to the chairman _______ ___________ _
Beck. W. C., Jr_ ______________________________ Chief accountant. ___ ____________________ ___ _
Royall, Nathaniel.__________________________ __ Assistant chief auditor __________________ ___ _
Lamphere, Frank E ___________________________ Supervising engineer _______________________ _
,vnson, Robert G _____________________________ CounseL ___________________________________ _
Dickinson, R. G _____ ______ ____ __ __ _____ _______ Examiner _____________________ _____________ _
Howard, Ernest B __________________________ _____ ___ do _______ __ _____________________________ _
Lewis, Charles B _________________________ __________ do __________________________________ ____ _
Rossman, Richard_____ ________________________ _____ do ______________________________________ _
\Vadden, Thomas A ___________________________ _____ do ___________________________ __ _________ _
Rutland, Herbert R ___________________________ Administrative assistant_ ________ __ ________ _
Johnson. L. E ____ ____ ___ _____ _____ ____ __ ______ Examiner __________________________________ _
Tyree, Young ______________________________________ do ______________________________________ _
Joyce, ,valter E _______________________________ Administrative assistant_ __________________ _
Knarr, M. W __________________________________ Assistant to the secretary __________________ _
Glueck, Nathan H ____________________________ Counsel ____________________________________ _
Armistead, Robert p __________________ ___ ____ _ Examiner __________________________________ _
Clayton, Laurance J ________________________________ do _________________________ --~- _________ _
Cloninger, C. W ____________________________________ do ___________ ___________________________ _
,v
"r.
month
$833.33
833.33
833.33
833.33
833.33
~33.33 "
833.33
800.00
791. 67
791. 67
775.00
766.67
750. 00 750.00 ·
7.10.00 ·
708.33
708.33
708.33
708.33
708. 33
708.33
708.33
666. f'i7
666.67
666.67
650.00 '
650.00
650. oo 650. 00
650.00
633.~3
625. 00 ·
62/'i.OO
625.00 '
625.00 ·
625.00
n25. oo··
625. 00·
112s.oo ·
625. 00'
625. 00
625.00
625.00
62.5. oo·
608.33
608.33
600. 00
600.00
600. 00
600.00
583.33
583.33
583.33
583.33
.583.33
583.33
566.67
566.67
566. 67
566.67
566.67
566.117
566.67
566.67
566.67
566.67
562.50
562. 50
562 . .50
550. 00
541. 67
541. 67
541. o7
541. 67
541. 67
58
QUARTERLY REPORT OF RECONSTRUCTION FINANCE CORPORATION
13.-Names and compens.ation of directors, officers, and employees of the
Reconstruction Finance Corporation receiving from the Corporation more than $400
per month, as of June 30, 1940-Continued
TABLE
WASHINGTON OFFICE-Continued
Name
Title
Coombs, J. WendelL ___________________________ Examiner___________________________________ _
Jenkins, JI:ugh PowelL ________________________ __ ___ do ______________________________________ _
J ones.,-.Ralph ·B ________________________________ _____ do ______________________________________ _
Luce, George p _____________________________________ do ______________________________________ _
M ielenz, Louis M _____________________________ _____ do ______________________________________ _
O'Bleness, E. J _____________________________________ do ______________________________________ _
Peery, Robert W ______________________________ _____ do ______________________________________ _
Robertson, Hilton W __________________________ _____ do ______________________________________ _
Rochelle, William J ________________________________ do ______________________________________ _
'Seabury, R. M _____________________________________ do ______________________________________ _
Seeley ,Harold J ____________________________________ do ______________________________________ _
Talman, Carter ____________________________________ do ______________________________________ _
Toole, J. E _________________________________________ do ______________________________________ _
Ward, Maxwell ______________ ______________________ do ______________________________________ _
Tracy, Frank T _____ ______________________ ____ Chief clerk and building superintendent ____ _
Burton, Roy E ________________ __ ______________ Assistant chief, Engineering Section ________ _
Rait, Donald M___ ______ ____ ___ __ ___ ______ ____ Engineer examiner _________________________ _
Estes, George L _______________________________ Examiner __________________________________ _
Freeman, Lewis D _________________________________ do ______________________________________ _
Henrich, William A _______________ ____________ _____ do ______________________________________ _
.Blair, Smith___________________________________ _____ do ______________________________________ _
Holland, Bernard P., Jr_______________________ CounseL ______________________________ _____ _
Galt, Alexander B _____________________________ Assistant secretary _________________________ _
Ooodale, Robert c ____ ______ ________ ____ ______ Counsel ____________________________________ _
Henry, Heber ______________________________________ do ________________ ______________________ _
Hutchinson, A. s_____________ ______________________ do ______________________________________ _
·Sandlin, John N ____________________________________ do ______________________________________ _
'Stoner, George B ___________________________________ do -------------------------------- - ----Wolford, Albert M _________________________________ do ______________________________________ _
Chad well, W. A___ ____________________________ Examiner __________________________________ _
Cristadoro, Anthony J ______________________________ do ______________________________________ _
Etheridge, Julian C ________________________________ do ______________________________________ _
Farrell, Edward A _________________________________ do ______________________________________ _
Foster, Sterling J., Jr ______________________________ do _____________________________ _________ _
Giddings, William C __________________________ _____ do ________________________ --- ______ ---- - Hoover. James Q ___________________________________ do ______ --------------------------------House, ·P erry B _______________________________ _____ do ______________________________________ _
Mack, Bryan ______ _________________________________ do ________________________________ ______ _
Stewart, Adelbert T ________________________________ do ______________________________________ _
Williams, John F __ __ ________ __ ________________ Administrative assistant ___________________ _
Dawson, Donald S _____________________________ . ___ do _____________ _________________________ _
Kane<.>, Henry M ____ __________________________ Liaison representative ______________________ _
Roper, .Tames H ____________ _____ ______________ Supervising engineer ______ -------- ______ ---Halsted, J. Donald ______________________ ,______ Special assistant, Statistical and Economic
Division.
l\tiaroney, W. H _______________________________ Assistant chief, Bond Service Section _______ _
S tro berg, H. R ________________________________ Auditor _____________________________ - _- _- _- _
Ward, Peter C ________________________________ Administrative assistant_ _______________ - _- _
Bladen, W. H _________________________________ Chief, Expense Section _____________________ _
Braverman, A. Marvin________________________ CounseL ____________________ ---- ----- ___ -- -McLaughlin, Matthew A., Jr ______________________ do __________________ __ ___________________ _
Metz, ~~lmer E _____________________________________ do ______________________________________ _
Strom, L. H____ ______ _____ __________ ____ ______ Eng4le~r examiner ___ -- ----- -- -- --- - ------ - Warren, Frederick H __________________________ _____ do ___________________ - _- -- - - _- - -- - - - - - - - Brown, Alan B ________________________________ CounseL ____ ________________________ - _- - - _- _
Ellsworth, George C ________________________________ do _____________________ -- - - -- -- -- ---- ---Yeager, William B ____________________________ Examiner _________________ - _______ - _-- - - - - - Greely, Adolphus W __________________________ Engineer examiner _________________________ _
Campbell, J. Bowers____________ ______________ Counsel_ ____ ___________ --------------- -- ---Collins, James H __________________ -·- __ ________ Administrative assistant ______________ --- __ _
Murphy, D. F ____________ ____ ________ _______ _ Auditor ____________ -------------------- - - - -Respess, .T ohn R _______________________________ _____ do ______ - _________ - - - _- - - - - - - - - - - - - - -- - Alexander, Hamilton__________________________ Examiner _____________________ -- ____ - _-- -- -Bergstrom, Raymond A ___________________________ _do _____ - ______ ------ __ -------- -- ------ - Burrowes, Alfred D ___________________________ _____ do _____________________________________ _
Gay, John L __________________________________ _____ do ____ ______________________ - ___ -- - - - - - Mccutcheon, William N ___________________________ do __________ ---------------------------Mitchen, Robert A _________________________________ do _____________________________________ _
Rhett, Robert Goodwyn, Jr _______ _________ ·-- _____ do ______________________________________ _
Rogers, Hatton B __________________________________ do ________ ------ __________ -------------S n yd er, T. R __________________________________ _____ do _____________________________ - - _- - - - - vVillett, William E ___________________________ _ _____ do __ -----------------------------------p lein, Leo N __________________________________ Engineer examiner ______________________ - _- _
Mashburn, L. W ______ ___ ___ _________ __ _______ Engineer __________________ ---------------- -Worthington, L. s _________________________________ do ____ --------------- -- ----------------Luther, Forrest_______________________________ Appraiser _______________ -------------------1
On leave of absence without pay.
Salary per
month
$541. 67
541. 67
541. 67
541. 67
541. 67
541.67
541. 67
541. 67
541.67
541. 67
541. 67
541.67
541. 67
541. 67
525.00
525.00
525.00
525.00
525.00
525.00
520.83
516.67
500.00
500.00
500.00
500.00 ;
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500. 0(}
500.00
500.00
483.33
483.33
I 475. 00
475.00
475.00
475.00
475.00
475.00
475. 00
466.67
466.67
466.67
466.67
458.33
458.33
458.33
458.33
458.33
458.33
458.33
458.33
458.33
458.33
458.33
458.33
458.33
458.33
458.33
450.00
450.00
450.00
QUARTERLY REPORT OF RECONSTRUCTION FINANCE CORPORATION
59·
13.-Names and compensation of directors, officers, and employees of the
Reconstruction Ffrwnce Corporarion receiving from the Corporation more than -$,400'
per month, as of June 30, 19,40-Continued
TABLE
WASHINGTON OFFICE-Continued
Salary p~r
month
Title
Name
Considine, James '\V ___________________________ Chief, Federal National Mortgage Association Section.
Rustin, Peter H __________________________ _____ Auditor ____________________________________ _
Robert, F. H__ __ __________ __________________ __ Engineer examiner _________________________ _
Boldin, Bernard E ________ ______ __ __ ____ __ __ __ Administrative assistant_ __________________ _
Close, James W _______________________________ CounseL ___________________________________ _
Jacobson, Harold E ___ ------------------------ _____ do _____________________________________ _
Johnson, H. Clay ___________________________________ do _____________________________________ _
:Mills, J. Warner, Jr_ __________________________ _____ do _____________________________________ _
Moroney, James Callan__ _____________________ _____ do _____________________________________ _
Weinstein, Samuel M _________________________ _____ do _____________________________________ _
Eigelberner, J __ : ______________________________ Examiner __________________________________ _
Herrmann, Herbert J_ ______________________________ do _____________________________________ _
Huie, Byron S _____________________________________ do _____________________________________ _
Hubbard, S. A _____________________________________ do _____________________________________ _
\Vise, George E _____________________________________ do _____________________________________ _
'\V illiams, T. A . _______________________________ ___ : _do _____________________________________ _
Davis, Facius W ______________________________ Chief, Interest Section _____________________ _
Chase, John H ________________________________ Assistant chief, Statistical and Economic
Division.
Nielson, Leo ___________________________________ Administrative assistant. __________________ _
Moyer, '\Villiam A._____________________________ Auditor ____________________________________ _
Reily, Robert F ____ .. __________________________ _____ do _____________________________________ _
Bailey, Lawrence M:_____ ___ _____ __ ______ __ ____ Field representative _______ -~ _______________ _
Bliss, Rodney M ______________________________ _____ do _____________________________________ _
Ferratt, Thomas L ___________________________ _ _____ do _____________________________________ _
McKenna, '\Villiam F _______ ___ _______________ CounseL ___________________________________ _
Lescallett, George A___________________________ Field representative ________________________ _
Mulligan, Minot C ____________________________ Assistant to the secretary __________________ _
Baukhages, Frederick E., IIL___ ___ __ ___ __ ____ Counsel. ___________________________________ _
Congdon, E. P ________ __ ________ __ __ ____ __ __ __ Engineer ___________________________________ _
Easley, Rohert J ______ ____ _____ ___ __ ___ _____ __ Appraiser __________________________________ _
Ralls, Frank C _____________________________________ do _____________________________________ _
Hopkin, '\Villiam H ___________________________ Field representative ________________________ _
Maddox, A. K _____________________________________ do ______________________________________ _
Bartow, Johns_______________________________ Examiner __________________________________ _
Cobb, Culver W ___________________________________ do _____________________________________ _
Goldsborough, Phillips L., Jr _______________________ do _____________________________________ _
Jackson, Cullen G __________________________________ do _____________________________________ _
Keyes, Paul C ________________________________ _____ do _____________________________________ _
Lewis, Lunsford L _________________________________ do _____________________________________ _
Palmer, Vernon D _________________________________ do _____________________________________ _
Pierce, Leo.~--------------------------------- _____ do _____________________________________ _
Stafford, D. N _____________________________________ do _____________________________________ _
Steele, Hubert B ______________________________ _____ do _____________________________________ _
LOAN AGENCIES
$450. oo·
450.00
450.00
441. 67
441. 67
441. 67
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·
433. 33·
433.33
425. oo·
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
416.67
416.67
416. 67
416.67
2
Atlanta, Ga.:
Everett, M. E_______ ____ ____ __________ ___ _ Manager ___________________________________ _
Davis, W. ]_ ______________________________ Assistant manager _________________________ _
Baltimore, l\ild.: Coke, William H ____________ Special representative ______________________ _
Birmingham, Ala.:
Long, E. W _______________________________ Man ager ___________________________________ _
Foy, Fred H ______________________________ Assistant manager __________________________ _
Boston, Mass.:
Hagerty, John L _____ _________________ __ __ Manager ___________________________________ _
Larkin, George E __________________________ Assistant manager _________________________ _
Griffin, Edward_______ ____________________ Counsel . ___________________________________ _
Charlotte, N. C.: Campbell, John A., Jr ______ Manager ___________________________________ _
Chicago, Ill.:
M uchison, Frank M ______________________ _____ do _____________________________________ _
Black, Craig o ____________________________ Assistant manager _________________________ _
Gregson, vVilliam F _________________________ ___ do _____________________________________ _
Walker, Lee _______________________________ Office counseL _____________________________ _
Mattingly, B. Archibald_________________ __ Special representative ______________________ _
Fordyc<', William c _______________________ Examiner __________________________________ _
Hoel, M. O ________________________________ Attorney ___________________________________ _
Boysen. Louis K __________________________ Examiner _____________________ _____________ _
M ndg~tt, C. F _________________________________ do .. - . - - -- - - - -- - - --- - -- -- - - - - - - -- -- -- - - Standish, M. L ___________________________ 0 ffi ce manager ___________________________ ___
$541. 67
416. n7
458.33
416.67
416.n7
7,50. 00
,500. 00
433.33
541. 67
833.33
666.67
583 ..33
791. 67
708.33
625.00
625.00
500.00
500.00
500.00
2 Except as herein indicated, attorneys handling legal matters of the various ai;encies of the Corporation
do not receive 8alaries but are paid in the customary way according to the character and volume of tbe work
performed and therefore are not inr.luded.
-I
60
QUARTERLY REPORT OF RECONSTRUCTION FINANCE CORPORATION
13.-·Nam·es 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, 1940-Continued
TABLE
LOAN AGENCIES 2-Continued
Name
Title
·Chicago, !IL-Continued
Gill, Charles R___ ______ ____ ____ ___________ Examiner __________________________________ _
Nelson, Harvey F _________________________ ____ _do _______________________ ______________ _
Rueter, ·w ilbert H ________________________ _____ do _____________________________________ _
Fink, Sigmund A_________________________ Attorney ___________________________________ _
Allen, ·wmiam S ____________________ ___________ do ___ __________________________________ _
Wilson, Lewis D ____ ______________________ __ ___ do _____________________________________ _
Bukowski, Peter I_ _______________________ Examiner _______ ____________________________ _
Crossland, Stanley T ___________________________ do _____________________________________ _
Smith, Ernest R _______________________________ do ________________ _____________________ _
Tuohy, Arthur ___________________ _____________ .do _______________________ • _____________ _
Cleveland, Ohio:
Fraser, J. A_ ______________________________ Manager ____________________________ - - -- - - - Davies. M. C _____________________________ Assistant manager ________________________ - - _
Perkins, T. T __________________________________ do ______ _______________________________ _
Adams, J. Raymond__ _________ __________ Examiner ____________________________ - ____ -Dallas, Tex.: Glidden, L. B __________ ·-------- Manager ___________________________________ _
Detroit, Mich. :
Hodgson, Raymond J _________________________ _do ________________________ -------------Fushman, Arthur J ______ ________________ __ Assistant manager ______________ -- ---- --- -- Nelson, Fred F ____________________________ _____ do ______________________________________ _
Denver, Colo.: Hudson, Ross L _______________ Manager ______________ __ ___________________ _
Houston, Tex.: McConnell, M _____________________ do _____________________________________ _
Jacksonville, Fla.: Farwell, Fred H __________ _ _____ do _____________________________________ _
Kansas City, Mo.: Hodges, Frank _________________ do _____________________________________ _
Little Rock, Ark.:
Jarrett, J . W ______________________________ _____ do __ ___________ __ ________________ - -__ - _Stanley, J. H ______________________________ Assistant manager _________________________ _
Los Angeles, Calif.:
Haight, Hector C _ ____ ___ ___ __ __ __ _____ ___ Manager ___________________ -----~ - -- --- - ---.
Angell, Romaine L_ ___________ __ ____ ______ Assistant manager ____________ -- -- -- -------Lousville, Ky.: A bell, J. Fort_________________ Manager _______________________ - _- - - - - - - - - _Minneapolis, Minn.:
Clarke, China R __ _____________________________ do _____________________________________ _
Power, George C __________________________ Assistant manager __ __________ -- - - --- - - - -- - Patterson, Severt H _______________________ Examiner _______________________ - - -- -- -- -- - Nashville, Tenn.:
Gardenhire, J. M____ ____________________ __ Manager _______________________ ------------DaYis, Lee __ -- - -------------------------- - Assistant manager _________________________ _
Kent, Paul J _____ _____ __ ____ ___ _____ __ ____ Examiner_-------------------- -------------New Orleans, La.:
Robertson, George W _____________________ Manager __________________________ - - - - - - - - - Green, Justin ____ __________________________ Assistant manager ____________ _______ ------ Goodman, Samuel J_ ______________________ Agency counsel_ ___________________________ _
Glass, George W __________________________ Special representative __ __ __________________ _
New York, N. Y.:
Ahearn, Thos. J ., Jr_______________________ Manager ___________________ - ___ - _- - - -- -- - - - Parks, Thomas E _________________________ Assistant manager _____________ - _- - - -- - - - - - Farthing, William J _______________________ Examiner ______________________ - __ - - - - - - -- - Schneider, John Thomas __________________ Agency office counsel_ ________ ______________ _
Evarts, Effingham_____ __ _________________ Assistant agency office counseL ___ - - - - ----- Kavanagh, Thomas P _____________________ Examiner ______________________ - _- -- - - -- -- - Su.mmers, George_ ________________________ CounseL ____ _____________________ - -- - -- - - - - Callahan, Raymond R ____________________ Examiner _________________________ - - -- - - - - - Stevens, Harry L ______________________________ do _____________________ - ___ - - - - -- - -- - - - Letcher, J. M _____________________________ _____ do _____________________ - ___ - - - - - - - - - - - - ,vnson, Russel T ____________________________ ___do ____________________ __ __ -- - - - -- - -- -- -Frey, Charles L. __________________________ ____ _do _________________________ - __ -- - - - - - - - Jefferson, Howard M ____ ____________________ ___ do _____________________ ----------- -- - --Linn, Henry A ____________________________ Counsel __ __________________ - -- -- - - -- - - - - - - - Telsey, Leon G ____________________________ _____ do ____ _____ ________ __ ____ - _- -- - - - - -- - - - Chapin, George E _________________________ Examiner ________________,______ - -- -- - - -- - - - Sutherland, Conrad J ___ ___ ___ __ __ ___ _____ CounseL ________________ ------ -------------Fields, Bernard_ __________________________ _____ do __________________ - - _- - - - - - - -- - - - - - - - Fisk, Charles _____________________________ _ Examiner ____ ____ _______________ - - - - - - -- - - - Williams, Ralph D ________________________ _____ do _____________________________________ _
Oklahoma City, Okla.: Eagen, J. c ___________ Manager __ ________________ __ _______________ _
Omaha, Nebr.: Daniel, Herbert s __________________ do _____________________________________ _
Philadelphia, Pa.:
Scott, E. Raymond ___________ _________________ do _____________________________________ _
Walton, Henry F., Jr _____________________ Assistant manager_------- --- --------------McCarthy, Arthur F ______________________ Office counsel_ _____________________________ _
Batchelder, Harry B ______________________ Assistant manager ___ - _- ___ - - - -- - -- - - - - - - - - Portland, Oreg.: Kennedy, William___________ Manager _________________ - __ - _-- --- - -- - - -- --
Salary per
month
..
$458.33
458. 33
458.33
433.33
416.67
416.67
416.67
416.67
416.67
416. 67
833.33
583.33
500.00
416.67
500. 00
708.33
525.00
441. 67
450.00
450.00
500.00
600.00
541.67
416.67
541.67
433.33
520.83
541. 67
450.00
441. 67
500.00
525.00
500.00
625.00
541. 67
541. 67
416.67
833.33
750.00
791. 67
708.33
708.33
625.00
500.00
500.00
483.33
466.67
466.67
458.33
458.33
458.33
458.33
450.00
441. 67
416.67
416. 67
416.67
475.00
541. 67
666.67
458.33
625.00
416.67
500.00
2 Except as herein indicated, attorneys handling legal matters of the various agencies of the corporation
do not receive salaries but are paid in the customary way according to the character and volume of the work
performed and therefore are not included.
!UARTERLY REPORT OF RECONSTRUCTION FINANCE CORPORATION
61
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, 1940-Continued
~ABLE
LOAN AGENCIES 2-Continued
Name
Salary per
month
Title
licbmond, Va.:
-Gilmer, Henry G ___ _______________________ Manager ___________________________________ _
Staples, E. W _____________________________ Assistant manager_ ________________________ _
Crump, William W _______________________ Office counseL _____ ________________________ _
;an Antonio, Tex.: Montgomery, W. T _______ Manager ___________________________________ _
;an Francisco, Calif.:
McCullough, John S., Jr __________________ _____ do _____________________________________ _
Hossack, H. F _____________________________ Assistant manager _________________________ _
,eattle, ash.: Grieve, G. B __________________ Manager ___________________________________ _
,pokane, Wash.: Ferguson, Walter _________________ do _____________________________________ _
,t. Louis, Mo.:
Snyder, John W ________________________________ do ____ -------------------------- -------Sain, Frank J _ ____________________________ Assistant manager _________________________ _
3an Juan, P. R.: Norregaard, Nelson__________ Special representative _____ _________________ _
,v
$541. 67
500. 00
458.33
450.00
666.67
583.33
433.33
450.00
750.00
475.00
450.00
2 Except as herein indicated, attorneys handling legal matters of the various agencies of the corporation
do not receive salaries but are paid in the customary way according to the character and volume of the work
performed and therefore are not included.
14.-Statement of cash receipts and expenditures, Jan. 1 to June 30,
1940, inclusive (Corporation's accounts with Treasurer of United States)
TABLE
Cash balance at the close of business Dec. 31, 1939, as per the books of the treasurer of the
Corporation ___·_______ _______________ ________ __________________________________________ _
Add: Checks issued prior to Jan. 1, 1940, canceled subsequent to Dec. 31,
1939 ___________________________________________________ ----------------$7,343.10
Add: Corrections of errors reported to the Treasurer subsequent to Dec.
31, 1939 •.•.• __ ...... · . ____________ - ________________ - __________ . _________
61, 961. 38
$2,210,004.22
69,304.48
Adjusted cash balance at the close of business, Dec. 31, 1939 ______________________________ _
Receipts:
Sale of notes__________________________________________________________ $18, 102, 395. 96
Repayment on loaris:
To banks and trust companies (including receivers)_ $9,189,696. 75
To credit unions____________________________________
881. 00
To building and loan associations (including receive~s) ________________ ;- - --- - -- ---- - --- - - - -- - - - - -- - - 577,022.23
To msurance compames_ ___________________________
164,091.92
To joint-stock land banks ___________________________ 1,190,718.43
To mortgage loan companies ________________________ 13,273,294.16
To agricultural credit corporations________________ __
29, 658. 46
To railroads_ _______________________________________ 39, 344, 477. 69
To fishing industry_________________________________
134, 391. 59
To business enterprises_ ____________________________ 14, 603, 205. 48
To mining, milling, and smelting business__________
82,609.40
On assets of closed banks __________________________ . _ 536, 143. 88
For self-liquidating projects (par $63,605,253,88) ____ 62, 783. 763. 20
For repair or reconstruction of property damaged by
earthquake, etc.:
Under sec. 201-a, act of July 21, 1932, as amended_
6,754.95
Under act of Apr. 13, 1934, as amended:
Industrial and commercial business________
147,785.26
Other_______________________________________
120, 009. 58
For financing sale of agricultural surpluses in foreign
markets _____________________ _____________________ _
58,110.00
For financing the carrying and orderly marketing
of agricultural commodities and livestock produced in the United States _______________ ___ _____ _
150,596.00
To drainage, levee, and irrigation districts ________ _ 1,020,842.09
To public school authorities __ ______________________ _
4,500.00
Secured by preferred stock-insurance companies ___ _
200,200.00
Secured
by preferred stock-banks and trust com-_
panies ___________________________________________
925,C49.03
144,543,801.10
Preferred stock, capital note, and debenture1'etirements. _________ ___ _ 25, 904, 016. 79
Sales of securities purchased from Federal Emergency Administration
of Public Works ___________________________________________________ - 11,384,693.67
Funds of other governmental agencies:
The RFC Mortgaize Company ________________________ - ___ - - - - - - -3,337,217.19
Disaster Loan Corporation _____________________ ._. _____ __ ________ _
3,217,959.57
Export-Import Bank of vVashington _____________________________ _ 30,000,000.00
Commodity Credit Corporation ___________________ • _____ . _______ _ 118,188,945.30
Federal National Mortgage Association.-------··------------------ 11, 593, 851. 14
2,2i9,308. 70
62
QUARTERLY REPORT OF RECONSTRUCTION FINANCE CORPORATION
14.-Statement of cash receipts and expenditures, Jan. 1 to June 30,..
1940, inclusive (Corporation's accounts with Treasurer of United States)-Contd.
TABLE
Receipts-Continued.
Interest and discount collected _____ __ __ ______________ _________ ____ ____ $ 19, 075, 014. 39
Divi~end~ collec!ed _on preferred stock purchased (including interest
4,892,954.38
on 1nter1m rece1ptsJ-- -- - - -- - -- -- - - -- - -- - ---- - -- -- - - - --- - - ---- - -- - --Interest collected on capital notes and debentures __ _____ __ __ _________ _
2,176,513.55
Commitment fees of The RFC Mortgage Company ___ ___ ______ _____ __
788,857.92
Accrued interest on notes sold _________ _____ _______ __ __________ _____ __
620. 89
Premium on sale of securities purchased from other governmental
agencies ___ __ _________ __ ____ ____ ______ ______ _____ __ _____ ________ ____ _
1,879,349.07
Interest, to date of purchase, on securities purchased from other governmental agencies ___ ______ ________ ____ _________ ___ ___ ___ ____ ____ ____ _
16,510.56
Reimbursable expense collected __ ______ ______ ____________________ ____ _
1, 096, 939.51
Repaymen ts on ad,-ances for care and preservation of collateraL ____ __
456,314. 04
Liquidation of assets acquired through foreclosure and settlements __ __
2,259,659.64
Premium on securities sold ______ _______________ ___ ________ ______ _____
3, 310,085.68
Remittances held in suspense ____ ____ __________ ___ _______ ______ ___ ____ 20,284,904.35
Unallocated-pending advices _____ __ _________ ____ ____ _____ _____ ____ _
3, 184,044.96
Miscellaneous (inc-luding amounts credited in error) ________ ____ _____ _
967,749.57
- - - - - $426, 662, 399. 23·
Expenditures:
Retirement of notes __________ ____ _____ ___ _-------- - -- -- - - -- ----------L'.:>an disbursements:
To banks and trust compan ies (including receivers) ________ ___ _____ _____ __ ___ ____ ___ ___ ___ __ ____ _
$396.902. 92
To building and loan associations __ ___ ________ __ __
1, 626, 200. 70
To joint-stock land banks ________ _____ _____ __ ____ _
1,371,389.29
To mortgage loan companies ______ ______ ______ ___ _ 23,953,576.87
To railroads _ __ ____ __ ___ _____ _- ___ ___ ___ _- - _-_____ 66, 4fi0.6m. 20
To business enterprises _____ ___ ____ __ _______ _____ _ 16.903, 409. 32
To mining, milling. and smelting business __ _____ _
88~. 609. ,10
On assets of closed banks __ _____ ___ _______ ________ _
279, 46-5. 43
For self-liquidating projects (par $32,991,800) _____ _ 31 , 762, 427.68
To drainage, levee. and irrigation districts ______ __
8S3, 794. 2:1
To public school authorities _____ _____ _______ __ ____
285, 675.00
Secured by preferred stock-banks and trust companies___ ___ ____ ____ _______ ________ ___ ____ ___ ___ 27. 476. 800. 00
428,941,707.93
15, 886,945.50
172, 273, 854. 04:Purchases of preferred stock and debentures-banks and trust companies ___ __ _____ _____ ______ __ _-· __ __ ________ - __- ____ ___ _- - - - - -- - --- -- 38, 970, 580. oo··
Purchases of securities from Public vVorks Administration ___________ _
1, 732,200.00
,vithdrawal of funds b:v other governmental agencies:
The RFC Mortgage Company ________ _______ ________ __ _____ _____ _
3, 287, 361. 28
Disaster Loan Corporation _____ _____________________________ _____ _
3,883, 614.85
Export-Import Bank of Washington _______ ______ ___ ___________ ___ 11,450,000.00
Commodit.y Credit Corporation ____ ________ __________ ______ _____ _ 123,013,015.06
Federal National Mortgage Association _____ _________ __ __________ _ 10, 709, 090. 7'Z
Withdrawal of cash collateral by borrowers _______________ ___ ___ __ __ __ 18, 500, 000. 00'
Allocations:
To Federal Housing Administrator_______________ $3, 640, 306. 25
For
expenses
agricultural
credit corporations
__ ____ __regional
____ ______
____________________
_____ _
173,100.00
Purchase of stock of Disaster Loan Corporation ___
2,000,000.00
Administrative Expense-regional agricultural
credit corporations _____________________________ _
700.00
5,814,106.25
Advances for care and preservation of collateral_ _________ __ __________ _
582,381.26
Advances for care and preservation of securities purchased from Public
·works Administration _______ ___ _______________________ _- - _- - - - - - - -109,671.55
Expense of servicing securities purchased from Public \Vorks Administration ___ ____ ___ ____________ ____________ _________________________ ___
107,778.34
Assets acquired through foreclosure and settlements, including expense,
advances for care and preservation and refunds ____ ______ ___ ________ _
374,490.85
Accrued interest on securities purchased and refunds of interest and
dividend overpayments ____ _____ _____ ____ ______________ ___ __ _______ _
651,465.27
Release of funds held in suspense _______ ______ _____ ___ _______________ _
5, 102,253.02
Interest on notes ______ ______ _____ _____________________ _______ _______ __
3,600,684.85
248,354.41
OthPr interest_
- -------------------------------------------- - ---_
Furniture
and ~----fixtures
__ ________________ ________ ______ __ __ ___________
5P,6.54.53
Expense-generaL _____________ ___ ______________________ - - - - - - -- - - -- - 4,753,186.37
1,271,458.00
Reimhursable expense _________ ______ _________ -- - ------ ---- - --- -- --- - ~ iscellaneous (including refunds and adjustments for amounts credited
2,223,722.75
in error) _____________________________ --- - ------------------- · ------
Cash balance at the close of business June 30, 1940 __________________________________ _
424, 605, 868. go4,335,839.03
NoTE.-In addition to funds on depo'.:-it with the Treasurer of the United States, Custodian banks and
trustees held in Suspense funds which amounted to $779,827.31 at the close of business Dec. 31, 1939, and
$769,410.78 at the close of business June 30, 1940.
QUARTERLY REPORT OF RECONSTRUCTION FINANCE CORPORATION
TABLE
63
15.-Statement of condition as of the close of business June 30, 1940
ASSETS
Cash:
General account ___________________________________ ___________ ___ __ __ $-t, 153, 524. 46
Expense account . . __ ____ _____ __ ____ . ______ __ ___ ___ __ ____ __ _______ ____
183. :i 14. ,57
Held by custodi2n banks and trustees _____ __ ______ ____ __ ______ ___ ___
769,410. 78
Petty and other __ ________________ ___ ________ _______ ____ __ ____ .... __ ____ 1, 402,765.00
$6,508,014.81
U. S. Gowrnment securities (par) ____________ ___________ ________ ____ ___ ____________ ___ _
48,558,100.00
Loans ___ ___ - -- -- -- -- -- - - -- - --- - -- - -- - ------------ -------- -- --- - ---- ---- - -- --- -- ------ - 1,202,078,889.91
Prefrrred stock, capital notes and debentures:
Banks and trust companies _______ __ ________________ ________________ $543,573,752. 35
Insurance company __________ _____________ - ___ - __ : - - __ - _- _- _- _-- - -- _100, 000. 00
Installment sales contracts ____________________ - ___ - __ _- _____ - _- _- __ - 17, 233. 29
543,690,985. 64
Capital stock:
The RFC Mortgage Company _____ _ __ ____________ _________ - ___ - _-- - 2.5, 000, 000. 00
Federal ~ ational Mortgage Association___ ______ _____________ ________ 11,000, 000. 00
36,000,000.00
Securities purchased from Public Works Administratiou ____ ____ __ _________ _____ ___ ____ _
111, 06-1, 680. 98
Notes and accounts receivable _________ _______ ___ __ _____________ ___________________ ____ _
500,937.21
Advances for care and preservation of collateral, etc _______________ _____________________ _
1,422,830.43
Property acquired in foreclosures and settlements (original cost, advances
for care and preservation and expense) ____ ____ ________________________ $42,071,090.33
LP;SS proceeds of liquidation and income ___ _____________ __ ________ ____ 1fJ, 067, 638. 24
27,003,452.09
Accrued interest and dividends receiv able ____________________________ __________ ________ _
27,893,363.44
Reimbursable expense __________ _____ ____ _____ ______________ ____ __ _______ ______ ________ _
1,230,288. 64
Furniture and fixtures (less depreciation) _________ ___ ________ ____ __ ________ ____ ___ _____ _
459,915. 95
Other ___________________________________________________________ __________ __________ ---2, 22.5, 105. 62
Total ___________________ -------------------------- ______________ ____ ----- - _-- - ____
2,008, 666,561. 72
LIABILITIES
Notes (series N, P, Q, R, and S) ________________ _________________________ ______________ _ 1,103,357,000.00
Liability for funds held:
Cash collateraL . ________ _________ _______________________ _____________ $18, 98'2, 410. 78
For other governmental agencies___________________ _____________ _____ 41 , 881, 712. 8-1
60,864,123.62
Receipts not allocate cl pending ad vices from fiscal agents _____ ___ __________________ ____ _
3,265,714.00
Other liabilities (including suspended credits) ___________ ____ _________ ___ _________ _____ _
17,fi58,468.30
Interest paid in advance ____ ____ ___ ___ _____ ____ ____ ________ ___________ ___ _____ ____ _____ _
40,343.32
Interest and dividend refunds payable ____________ _______ ______________________ ___ ___ ___
10,070.62
Accrued interf'st payable ________________________________________ __ ________ ________ _____ _
5,114,522.99
Deferred credits __________________________ ____________________ _________ _____ ____ ________ _
25,038,752.82
Capital stock _______ _____________ ___ _____________________________ ________ __________ ____ _
500,or.n, 000.00
Reserve for losses and contingencies ___ _____________ __ __________________________ _______ __
1:25,000.000.00
Reserve for self:insurancce ______ __ ___ __________________________________________________ _
250,000.00
167,lf\7,569.04
Surplus.--------------------------------------- - ---------------- --------- - ---- ---- - ----Total _______________________ ____________ __________________ ________________________ 2,088,666,564.72
MEMORANDUM
Undisbursed authorizations and conditional agree'!rlents to make loans, purchase preferred stock and debentures, etc. (including $931,619.36 agreed participation by third
parties) _______ _____ __ . ____ _________ ____ ____ _____ __ __ __________________ ___ ______ __ __ _. _
831,565,027. 95
Undisbursed allocations to other governmental agencies (including advances under 1933
Relief Act) 1 __________________________ _ _ _ ___ _ ___ _ _ _ __ . _ __ _ __ _ _____ _ _ _ _______ _ _ _ _ _____ _
215, 166, 831. 36
Undisbursed authorizations for advances for care and preservation of collateral, etc ____ _
356,935.06
Total _______ _____ ____________________________________ ___________ __________________ 1,047,088,794.37
In addition the Corporntion is required:
Under the provisiorn of sec. 3 (a) of an act approved June 16, 1934 (Public, No. 362, 73d Cong.), to purchase
debentures or other obligations of the Federal Deposit Insurance Corporation , upon its request, up to but
not exceeding $250,000.000. The Corporation ha~ not been called upon to purchase any such obligations.
Under t:1e provisions of sec. 4 of the National Rousing Act, to make available such funds as the Federal
Rousing Administrator may deem necessary.
UndE>r thP provisions of Public, No. 5 of the 75th Cong., as amended, Mar. 4, 1939, 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 $24,000,000.
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 Hl37, to pay all expenses incurred by the regiom1l a~ricultura1 credit corporations.
Under the provisions of an act approved Feh. 24, 1938 (Public, No. 132, 7.5th Cong. ) the Secretary of the
Treasury has canceled the Corporation 's notes in the amount of $2,72fi,057,573.03 on account of 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 evidenCP,S of indebtedness with respect to such advances have been delivered to the
Secretary of the Treasmy.
This statement of condition does not take into consideration expenditures incurred but not paid by the
Corporation at the close of business June 30, 1940.
1
0
