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DEPosited BY THE
UNITED STATEs of AMERICA
JA N

! 0 35

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

Q U A R T E R E N D E D S E P T E M B E R 30, 1934

REconstruction FINANCE Corporation,
Washington, December 3, 1934.
SIR: Pursuant to the provisions of section 15 of the Reconstruction
Finance Corporation Act, the Corporation has the honor to submit

its report covering its operations for the third quarter of 1934, and
for the period from the organization of the Corporation on February
2, 1932, to September 30, 1934, inclusive.
During the third quarter of 1934, under section 5 ofthe Reconstruc
tion Finance Corporation Act, as amended, the Corporation author

ized 412 loans. These loans, together with increases during the
quarter in loans previously authorized, aggregated $165,893,490.15,
as follows: $154,679,593.79 to banks and trust companies (including

$145,898,707.81 to aid in the reorganization or liquidation of closed
banks); $370,000 to insurance companies; $8,191,223.72 to mortgage

loan companies; $300,000 to an agricultural credit corporation;
$1,327,113.49 (rediscounts) to regional agricultural credit corpora
tions; $25,559.15 to a livestock credit corporation; and $1,000,000
to a railroad.

During the third quarter of 1934, under section 5d of the Recon
struction Finance Corporation Act, the Corporation made 180
authorizations to industrial or commercial businesses, aggregating
$11,809,175, as follows: Loans in the amount of $11,381,250; pur
chases of participations in the amount of $250,300; and agreements

to purchase participations in the amount of $177,625.
During the third quarter of 1934, under the Emergency Relief and
Construction Act of 1932, as amended, the Corporation authorized
17 loans aggregating $275,694,255.74, as follows: Under section

201 (a) (1), title II, as amended by section 9 of the act approved
June 19, 1934, loans aggregating $15,315,000 for self-liquidating pro
jects; under section201 (d), titleII,loans aggregating $260,379,255.74
to aid in financing the carrying and orderly marketing of agricultural
commodities and livestock produced in the United States.

During the thirdquarterof 1934, under section304, title III, ofthe
act approved March 9, 1933, as amended, the Corporation made 590
authorizations. These authorizations, together with increases during

thequarterinauthorizationspreviouslymade,aggregated$57,141,175,
as follows: Loans secured by preferred stock of banks and trust

companies in the amount of $1,182,175; subscriptions for preferred
stock of banks and trust companies in the amount of $35,375,000;
1

2

REPORT OF T H E

RECONSTRUCTION

FIN ANC E CORPORATION

and purchases of capital notes or debentures ofbanks and trust c om
panies in the amount of$20,584,000.
During thethirdquarterof1934,undersection 1 oftheactapproved
June 10, 1933, as amended, the Corporation made two authorizations
aggregating $10,100,000, as follows: A loan in the amount of

$10,000,000 on the preferred stock of an insurance company; and a
subscription in the amount of $100,000 for preferred stock of an
insurance company.
During the third quarter of 1934, under section 36, title II, of the
Emergency Farm Mortgage Act of 1933, as amended, the Corpora

tion authorized92loansaggregating$27,549,850,to orforthe benefit

of drainage, levee, irrigation, and similardistricts.
During the third quarter of 1934, under the act approved April 13,
1934, the Corporation authorized three loans aggregating $1,550,000
forfinancing the repair of property damaged by earthquake or fiood

intheyear 1933 and in themonths ofJanuaryand February,1934.

During the third quarter of 1934, under section 16 of the act a p
proved June 19, 1934, which authorized the Corporation to make
loans to public-school districts or other similar public-school author
ities for the purpose of payment of teachers' salaries due prior to June
1, 1934, the Corporation authorized one loan in the amount of

$22,500,000, of which $200,000 was subsequently canceled.

Summarizing the above, the Corporation, during the third quarter

of 1934, made 1,297 authorizations. These authorizations, together

with increases during the quarter in authorizations previously made,
aggregated $572,237,945.89. Cancelations or withdrawals during
the third quarter of 1934, of authorizations made during that quarter
and prior thereto, aggregated $218,775,616.12.

During the third quarter of 1934, the Corporation under the above
acts disbursed $447,558,662.60 and received repayments in the aggre
gate amount of $638,641,684.78. The decrease in the amount out

standing on September 30, 1934, ascompared with June 30, 1934,was
$191,083,022.18.

During the entire period from the organization of the corporation
on February 2,1932, toSeptember 30, 1934, inclusive, thecorporation
authorized under section 5 of the Reconstruction Finance Corporation

Act, as amended, 17,468separateloans to8,949institutions,aggregat
ing $3,888,019,958.24, as follows: $2,196,194,845.16 to 7,270 banks
and trust companies (including $869,461,855.88 to aid in the reor
anization or liquidation of closed banks); $122,474,119.14 to 1,007
uilding and loan associations (including $1,335,000 to receivers of

closed building and loan associations); $102,558,867.51 to 130 insur
ance companies; $407,113,449.07 to 363 mortgage loan companies;

$622,967.80 to6 credit unions;$399,636,000 to 12 Federalland banks
(including $193,618,000 representing refinancing of loans previously
made by the Corporation to Federal land banks for different indi

vidual amounts, but in the same aggregate amount); $21,103,172.68
to 24 joint-stock land banks; $9,250,000 to 8 Federal intermediate
credit banks; $6,013,379.64 to 20 agricultural credit corporations;

$178,489,460.09 (rediscounts) to 12 regional agricultural credit cor
porations and their branches;$14,449,962 to20 livestock credit cor
porations; $421,699,930 to 69 railroads (including$19,690,960 to 7
railroad receivers and $744,252 to the trusteeofa railroad);$26,089.27

R EP OR T OF T H E

RECONSTRUCTION

F IN AN CE CORPORATION

3.

to 7processorsor distributorswho aresubject to processingtaxes;and
$8,387,715.88 to a State fund created for the purpose of insuring the
repayment of deposits of public moneys.
Under section 5d of the Reconstruction Finance Corporation Act,

the Corporation from June 19, 1934, when this section was approved,
to September 30, 1934, inclusive, made 185 authorizations to 181
industrial or commercial businesses, aggregating $12,733,675, as fol
lows: Loans in the amount of $12,305,750 to 173 businesses; pur

chases of participations in the amount of$250,300 in loans to 6 busi
nesses; and agreements to purchase participations in the amount of
$177,625 in loans to 2 businesses.

Under the Emergency Relief and Construction Act of 1932, as
amended, the Corporation from July 21, 1932, when the act was
approved, to September 30, 1934, inclusive, made 766 authorizations
to 318 institutions aggregating $1,377,478,282.91, as follows: Under
the provisions of section 1, title I, $300,000,000 was made available
to 42 States and 2 Territories for purposes of relief and work relief;

under the provisions ofsection 201 (a), title II, as amended, loans or
contracts aggregating $246,079,351.07 were authorized to 182 insti
tutions for self-liquidating projects (including $10,450,000 to 6 insti
tutionsforfinancingthe repairorreconstructionofbuildingsdamaged
earthquake, fire,tornado,orcyclonein 1933);under theprovisions

º

of section 201 (c), title II, loans aggregating $52,880,542.80 were

authorized to3 institutionsforthepurposeoffinancingsalesinforeign
markets ofagricultural surpluses; and under the provisions ofsection
201 (d), title II, loans aggregating $778,518,389.04 were authorized
to 89 institutions to aid in financing the carrying and orderly market

ing ofagriculturalcommodities and livestock, produced in i. United
States (including authorizations of $704,000,000 to the Commodity
Credit Corporation).

Under the act approved March 9, 1933, as amended, the corpora
tion from March 9, 1933, to September 30, 1934, inclusive, made

7,408 authorizations for loans on preferred stock, or for the purchase
of preferred stock, capital notes or debentures of 6,406 banks and

trust companies, aggregating $1,104,772,295, as follows: Loans in the
amount of $30,398,675, secured by preferred stock of 227 banks and
trust companies; subscriptions for preferred stock of 3,470 banks and

trust companies in the amount of $660,425,820; and purchases of
capital notes or debentures of 2,709 banks and trust companies in
the amount of $413,947,800.

Under the Agricultural Adjustment Act of 1933, the Corporation
from May 12, 1933, when the act was approved, to September 30,
1934, inclusive, authorized a loan of $3,500,000 to the Secretary of
Agriculture to acquire cotton.
Under the act approved June 10, 1933, as amended, the Corpora

tion from June 10, 1933, to September 30, 1934, inclusive, made

seven authorizationsaggregating $29,475,000, asfollows: Loans in the
amount of $29,375,000 secured by preferred stock of six insurance

companies;and a subscriptionin theamount of$100,000 forpreferred
stock of an insurance company.
Under the Emergency Farm Mortgage Act of 1933, as amended,
the Corporation from May 12, 1933, when the act was approved, to
September 30, 1934, inclusive, authorized 358 loans in the amount

4

RE PORT OF T H E RE CON STRU CTI ON

F IN AN C E CORPORATION

of $75,387,573.77 to or for the benefit of343 drainage, levee, irriga
tion, and similar districts.

Under the act approved April 13,1934, theCorporation from April
13, 1934, to September 30, 1934, inclusive, authorized four loans in
theamount of$2,150,000forfinancingtherepairofproperty damaged

by earthquake or flood in 1933, orin January and February of1934.
Under the act approved June 19, 1934, the Corporation from June
19, 1934, to September 30, 1934, inclusive, authorized one loan in
the amount of $22,500,000 for the purpose of payment of teachers'
salaries; of this amount $200,000 was subsequently canceled.
Summarizing the foregoing, the Corporation, during the entire
period from February 2, 1932, to September 30, 1934, inclusive, made
authorizations aggregating $6,516,016,784.92. Of the total amount
authorized, $707,493,889.14 was later withdrawn or canceled.
At the closeofSeptember 30, 1934, the Corporation under the above
acts had disbursed $4,848,624,276.66, and repayments amounted to
$2,167,726,238.90, leaving $2,680,898,037. 76 outstanding on the books
of the Corporation.

In addition, the Corporation had outstanding on September 30,
1934, agreements to make loans, subscribe for preferred stock, and
purchase capital notes or debentures, totaling $231,292,756.21, upon
the performance of specified conditions.
Under section 84 of the Farm Credit Act of 1933, with the approval
of the Governor of the Farm Credit Administration, the Corporation,

during the third quarter of 1934, authorized the reduction of the
capital of six regional agricultural credit corporations, as follows:
Corporation of Albany, N. Y., from
The Regional
$750,000 to $600,000; of Baltimore, Md., from $200,000 to $150,000;
ofColumbus, Ohio, from $500,000 to$325,000; ofJackson, Miss.,from

A . i .

$325,000 to $275,000; of Raleigh, N. C., from $375,000 to $325,000;
and ofSpokane, Wash., from $8,000,000 to $7,000,000. The Corpora

tion, with the approval of the Governor of the Farm Credit Adminis
tration, during the third quarter of 1934, authorized increases in the
capital of three regional agricultural credit corporations, as follows:

*...*.

The Regional
Corporation of Minneapolis, Minn.,
from $10,000,000 to$10,300,000; ofSioux City, Iowa, from $9,500,000
to $10,025,000; and of Wichita, Kans., from $6,250,000 to $6,900,000.
Under section 4 (b) of the Home Owners' Loan Act of 1933, the

Corporation during the third quarter of1934, paid $46,000,000 to the
Secretary of the Treasury for the purpose of making payments upon

&#. .#.

for by him.
This made a totalof$200,000,000so paid through September 30, 1934,

stock of the H o m e Owners' Loan

and completed the payment, by theCorporation,ofthe entire amount
allocated under section 4 (b) of the Home Owners' Loan Act of 1933.

Under section 2 (a) and section 6 of the Federal Emergency Relief
Act of 1933, upon certification of the Federal Emergency Relief
Administrator, the Corporation, during the third quarter of 1934,
made payments for relief aggregating $6,139,011, making a total of
$499,251,915 so disbursed through September 30, 1934;and disbursed
$3,202.81 to the Federal Emergency ReliefAdministratorforexpenses
necessary to carry out the provisions of the above act, and received
refunds of expenses previously disbursed amounting to $10,939.03,

making a net total of$337,487.18 so disbursed through September 30,
1934.

REPORT

OF

T H E

RECONSTRUCTION

FINANCE

5

CORPORATION

Under section 4, title I, of the National Housing Act, approved
June 27, 1934, which authorized the corporation to make available to

the Administrator such funds ashe may deem necessary to carry out
the provisions of that act, the Corporation, during the third quarter
of 1934, paid to the Federal Housing Administrator $10,000,000.
Under the act approved June 19, 1934, which authorized the Cor
poration topurchase marketablesecuritiesfrom theFederal Emergency
Administration of Public Works, the Corporation, during the third
quarter of 1934, purchased $10,025,100 face amount of such securities
of which $67,000 (par value) maturing September, 1934, was held to
maturity by the Corporation. Invitations to submit bids on the
remaining $9,958,100 (par value) were forwarded to banks, insurance
companies, and dealers in securities. These securities were awarded

to the highest bidder in each instance, the total of the high bids
thereon being $10,081,426.83, exclusive of accrued interest. Of this
sum, $10,068,826.83 plus accrued interest to the date ofpurchase from
the Federal Emergency Administration of Public Works was paid
during the third quarter to that Administration, and on October 1,
1934, the remaining $12,600 was paid to the Federal Emergency
Administration of Public Works.

During the third quarter of 1934, the Corporation sold $65,000,000

series D-3 notes and $10,000,000 series D-4 notes, aggregating
$75,000,000, to the Secretary of the Treasury.

During the third quarter of 1934, the Corporation redeemed and
canceled $255,000,000 of its series D-4 notes, held by the Secretary

of the Treasury, and $5,100,000 of its series E notes, held by banks
and trust companies.

-

-

During the third quarter of 1934, the Corporation authorized the
issuance of $100,000,000 series H. notes maturing July 1, 1937, to be

sold to institutions from which the Corporation subscribes for or
purchases preferred stock, capital notes, or debentures. During
the third quarter, $16,250,000 series H. notes, were sold.
As ofSeptember 30, 1934, there were outstanding $3,320,964,666.67
of the Corporation's notes, as follows:
Series D-1--------------------------------

$475,000,000.00

Series E-----------------------------------

149, 621, 666. 67
64,093, 000.00
16,000,000.00
16, 250,000.00

Series D-2-------------------------------- 1, 290,000, 000. 00
Series D-3-------------------------------740, 000, 000. 00
Series D-4-------------------------------570,000, 000 00
Series F---------------------------------Series G----------------------- - - - - - - - - - - - Series H----------------------------------

•

Total------------------------------- 3, 320, 964, 666.67

The following tables are attached hereto:

Table 1. Aggregate authorizations, withdrawals or cancelations,
disbursements, repayments, and amounts outstanding, by classes,

during the third quarter of 1934, and from February 2, 1932, to
September 30, 1934, inclusive.
able 2. Number of new borrowers, etc., to which authorizations
-

were made, by States, during the third quarter of 1934.
Table 3. Number of authorizations, by States, during the third
quarter of 1934.
Table 4. Number of borrowers, etc., to which authorizations were

made, by States, February 2, 1932, to September 30, 1934, inclusive.

6

REPORT OF T H E

RECONSTRUCTION

FIN AN CE CORPORATION

Table 5. Number of authorizations, by States, February 2, 1932,
to September 30, 1934, inclusive.
Table 6. Amount of authorizations, withdrawals or cancelations,
and disbursements from February 2, 1932, to September 30, 1934,
inclusive, by States.
Table 7. Amount of authorizations, disbursements, repayments,

and amounts outstanding from February 2, 1932, to September 30,
1934, inclusive, by months and classes.
Table 8. Number of borrowers and amounts of loans authorized

under section 5 of the Reconstruction Finance Corporation Act

as amended, February 2, 1932, to September 30, 1934, inclusive,
by size of cities or towns.
Table 9. Names and compensation of directors, officers, and e m

ployees of the Reconstruction Finance Corporation receiving from
theCorporation more than $400 per month, as ofSeptember 30, 1934.
Table 10. Statement of cash receipts and expenditures during the
third quarter, July 1,1934, to September 30,1934, inclusive. (Cor
poration's accounts with Treasurer of United States.)
Table 11. Statement of cash receipts and expenditures during the
9 months January 1, 1934, to September 30, 1934, inclusive. (Cor
poration's accounts with Treasurer of United States.)
Table 12. Statement ofcondition ofthe Corporation asofthe close
ofbusiness, September 30, 1934.

Respectfully,
(Signed) JESSE H. JonEs, Chairman.
(Signed) GEORGE R. Cooks.EY,
Secretary.
T h e PRESIDENT of T H E SENATE.
+

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NOTES

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34

REPORT

OF

TEIE

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1982, to Sept. 30, 1934, inclusive, by States
GRAND TOTAL

A m o u n t authoriz

State

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

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

Minnesota:----------------------------------------Mississippi----------------------------------------Missouri-------------------------------------------Montana------------------------------------------Nebraska-------------------------------------------

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

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Oklahoma-----------------------------------------Oregon--------------------------------------------Pennsylvania--------------------------------------Rhode Island---------------------------------------

A mo un t with
d r a w n or

canceled

Amo unt dis
bursed

$33,944,464.42
9,541,569.00
53,551,878.82
458,737,566.18
20,558,341.64

$3,203,786.83
$27,813,353.60
210,878.65
5,378,890.35
7,373,443.04
35,788,748.04
23,543,567.69
318,473,957.30
1,576, 132.23
16,405, 166.14
27
585.41
3,640,570.34
23,300,871.69
000.00
2,133,000.00
794,900.00
192.66
3,323,438.62
139,749,491.00
832.68
2,060,527.06
11,946,139.05
927.73
3,450,091.98
16,368,681.75
848. 07
1,310,790.06
9,670,446.76
483.78
28,682,942.01
346,279,556.29
,078.59
8,694,596. 10
52,613, 186.45
245. 13 || 10,718,478.74
69,603,155.98
599. 53
1,746, 163.66
14,488,654.97
979.24
6,640,963. 50
33,170,276.39
615.84
79,712,704.76
115,591,911.30
329.02
7,272,335.45
55,265,639.84
893.68
12,051,660.59
117,633,208.93
72,400,355.00
9,226,996.67
60,888, 7.10.09
363,816.27 || 52,924,760.64
288, 598,938.30
37,061, 191. 13
3,965,991.04
31,674,845.02
36,000,778.36
3,106,621.60
27,977,295.06
102,851, 156.24
23,768,607. 54
68,361,121.91
13,222,726.45
532,350. 41
10,665,516.78
21,895,713.59
2,769, 177.59
17,800, 872.71
7,348,352.36
571,500.75
5,625, 199.17
4,748,603.00
591,879.92
3,681,723.08
177,304, 794.79 || 17,803,602.
141,602,023.44
10,580,025.81
1,203,369.02
8,050, 110.80
683,392,585.85
32,533,661.67
480,928, 114.78
57,656, 997.71
7,721,416.85
46,420, 180.51
13,172,052.75
1,171,278.33
11, 143,824.42
462,295,269.86
45,126,774.75
382,001. 161.80
24,440,357.79
900, 219.98
22,669,712.47
17,461, 182.88
1,701,082.23
12,429, 171.47
276, 109,212.29
29,776,594.89
200,281,979.86
3,791,036.00
222,838.00
3,568, 198.00
3,062, 992.32
26,678,662.45
1,334,508.49
13,867,635.71
11,342,493.71
88, 104,513.70
9,534,029.34
92,135,522.81
2,169,600.29
16,808,593.81
393,832.52
22,674,359.93
38
794.
4, 155,970.57
32,246, 583.58
51,852, 755.96 || 14,159,879.61
34,640,391.07
39,772,173.84
1,583, 187.94
33,943,634.46
94,000, 527.00
11,526,733.69
75,731,628.60
5,568,411.25
,164.72
4,577,346.53
137,500.00 ---------------137,500.00
1,344, 935.00
7,407.63
1,137,527.37
4,378,000.00
622,694.25
3,347,305.75
125,000.00
125,000.00 ----------------- * - * .

-

-

-

-

irgin
Washington---------------------------------------West Virginia-------------------------------------Wisconsin-----------------------------------------Wyoming-----------------------------------------ka----------------------------------------------

Hawaii--------------------------------------------Puerto Rico.---------------------------------------Virgin Islands--------------------------------------

Total.----------------------------------------- 4,746, 560,852.03 ||503, 536,290.90
Loans:
T o Federal land banks ------------------------ *399,636,000.00 | 12,400,000.00
T o Federal intermediate credit banks :--------9,250,000.00 ---------------T o regional agricultural credit corporations (re
discounts) *----------------------------------178,489,460.09
5,229,456.28
T o railroads (including receivers and trustees) 21,699,930.00
5,046,784.47
For financing exports of agriculture surpases *--52,880,542.80 || 30,077,098.05
T o commodity credit corporation *-------------704,000,000.00 151,004, 259.44
Loan toSecretary ofAgriculture toacquire cotton?
3,500,000.00
200,000.00

3,580,736, 141.27
a387,236,000.00
9,250,000.00
72,666, 166.98
413,896, 530.63
025,382.87
262, 514,054.91
300,000

Grand total----------------------------------- 6,516,016,784.92 ||707,493,889.14 |*4,848,624, 276.66

º

1 Includes $10,000,000 authorized and disbursed to the
Bank of Washington and $2,500,000
authorized and disbursed to the Second Export-Import Bank of W ashington, D.C.
*These loans are not included in the State totals shown above.
* Includes $193,618,000
refinancing of loans previously made by the corporation to Federal
land banks for different individual amounts, but in the same aggregate amount.

º

•In addition, upon certification by the Federal Emergency Relief Administrator, under the Federal
Emergency Relief Act of 1933, the corporation disbursed $499,251,915 for relief, as shown below; and dis
$337,487.18 to the Federal Emergency Relief Administrator for expenses necessary to carry out
the provisions of the above act.

j

REPORT OF TH E RECONSTRUCTION FINANCE CORPORATION

35

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

ments from Feb. 2, 1932, to Sept. 30, 1934, inclusive, by States—Continued
A M O U N T O F D I S B U R S E M E N T S F O R RELIEF U P O N CERTIF ICATION O F G R A N T S B Y
• T H E F E D E R A L E M E R G E N C Y RELIEF AD MI NI ST RA TO R, U N D E R T H E F E D E R A L

E M E R G E N C Y RELIEF A C T O F 1933, F R O M FEB. 2, 1932, T O SEPT. 30, 1934, INCLUSIVE,
B Y STATES

A m o u n t disbursed

State

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

$8,994, 391.00 || Nevada--------------------------349,629.00 || N e w Hampshire.--------2,834, 146.00 || N e w Jersey-------------7,410,249.00 || N e w Mexico.------------15,823, 535.00 || N e w York--------------3,925,050.00 || North Carolina----------4,594, 154.00 || North Dakota.-----------1,010, 708.00
hio--------------------1,056, 174.00 || Oklahoma---------------13,347,232.00 || Oregon.------------------7,705,354.00 || Pennsylvania---------1,110,561.00 || Puerto Rico.-----------809,957.00 || Rhode Island52,240,038.00 || South Carolin
11,259,425.00 || South Dakota
5,248,789.00 || Tennessee
2,732,726.00 || Texas-------------------5,945,118.00 || Utah--------------------13,034, 157.00 || Vermont----------------1,251,414.00 || Virgin Islands-----------7,171,098.00 || Virginia-----------------11,355, 140.00 || Washington.-------------31,369,782.00 || West Virginia-----------8,831,959.00 || Wisconsin---------------8,550,286.00 || Wyoming------------------------6,685,494.00
2,853,357.00
Total-----------------------2,125,699.00

-

-

-

-

-

-

-

-

Florida--------------

Georgia.----------Hawaii-----------Idaho------------Illinois
Indiana
o w a

Kentucky--------Louisiana--------Maine------------Maryland----Massachusetts---Michigan--------innesota-------Mississippi-------Missouri---------Montana---------Nebraska-------------------------

-

-

A m o u n t dis
bursed

State

-

$370, 801.00
966,436.00
15,423,438.00
889, 188.00
62,733,741.00
9,709,990.00
3,612,520.00
36,763,382.00
6,309,005.00
3,213,315.00
44,106,509.00
1,970,201.00
1,870,967.00
10,424,200.00
7,035,597.00
6,369,196.00
13,249,874.00
1,723,352.00
481,544.00
281,753.00
5,594,074.00
5,627, 175.00
11,090,599.00
9,619,053.00
,383.00
-

499,251,915.00

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

A m o u n t authorized

State

Mississippi----------------------------------------Missouri-------------------------------------------Montana-------------------------------------------

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

New
New
New
New

-

-

-

-

-

-

-

-

-

-

-

Hampshire-----------------------------------Jersey----------------------------------------Mexico.---------------------------------------York------------------------------------------

N o r t h Carolina-

North DakotaOhio-------Oklahoma-----------------------------------------

-

-

-

Am oun t with

$14,831, 576.42
2,977,800.00
30,742,092.40
203, 561,513.78
7,824,980.29
19,151,785.41
257,000.00
26,446,692.
10,293,662.58
13,117,035.73
7,804, 781.61
213,350,288.55
42,310,536.05
69,990, 115.13 ||
8,434, 165.53
20,751,868. 24
115, 191, 938.84
54, 159,934.02
101,240,663.68 ||
52,989,055.00
386,527,775.80
16,071,779.13
17,912,809.36
67,510,916.04 ||
,552,700.41
11,617,723.59
,934,287.36
1,794,000.00
118,777,349.42
597,215.05
913,830. 11
42,671,024.51
,905,284.75
355,617,264.86
8,686,277.98

d r a w n or
canceled

$2,789,661.83
197,378.65
5,696,223.74
9,025,891.91
1,136,202.23
2,223,766.34
8,000.00
1,273,438.62
1,027,027.06
2,455,591.98
747,300.85
22,648,892.58
6,243,384.16
10,291,778.74
1,363,663.66
2,827,416.46
28,496,754.76
5,297,335.45
10,671,700.59
6,129,592.96
50,987,461.64
3,014,391.04
2,083,371.60
21,247,607. 54
479,735.41
1,801,677.59
169,000. 75
356, 139.92
14,217,007.83
645,869.02
16,733,210.00
6,631,666.57
991,198.33
38,785,305.03
649,719.98

A mo u nt dis
bursed

$9,446,090.60
2,690,621.35
24,323,959.65
193,939,639.34
6,445,446.54
16,862,875.69
249,000.00
24,332,298.00
5,088,492.65
9,670,721.51
6,953,880.76
176,770,210.42
33,279,355.85
58,008, 551. 14
6,694,806. 29
17,011,004. 60
83,546,011. 50
46,691,623.60
87,966,938.93
45,657,463.80
227,497,836.83
12,502,058.02
15,134,354.10
43,848,832.91
4,837,346.78
9,194,494.18
5,182,567.17
1,437,860.08
100,720,972.87
1,650,546.03
168,465,566.45
34,447,457.59
6,869,136.42
287,365,626.52
7,450, 115.47

36

RE PO RT OF T H E

RECONSTRUCTION

FIN ANCE CORPORATION

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

State

Amount

Author A m doruanwtn withor

Anº is.
-

canceled

Oregon--------------------------------------------Pennsylvania---------------------------------Rhode Island---------------------------------South Carolina-------------------------------South Dakota.--------------------------------Tennessee------------------------------------e xa s -- - -- - -- - -- -- - -- - -- - -- -- - -- - -- - -- - -- -- - --

Utah-----------------------------------------VermontVirginia
W a sh i

West Virgi
Wisconsin------------------------------------Wyoming------------------------------------Alaska---------------------------------------Hawaii----------------------------------------

Puerto Rico.---------------------------------------L

$8,807,911. 18
$1,600,978. 03
191,946, 137.29
25,365,904.15
1,567,446.00
21,338.00
23,941, 595.24
2,821,992. 32
9, 138, 193.72
1,161,508.49
91,300,382.39
7,523,467. 31
59,912,608. 51
5,334,879.34
11,050,055. 10
1,218,300. 29
8,598,898.84
393,832. 52
20,967, 565.
2,600, 744. 57
34,565,481.89
10,451,036.44
23,902,955. 84
1,169,854.60
56,687, 601.56
8,870,833. 69
3,971,011. 25
340,664. 72
100,000.00 ||---------------750,000.00
7,407.63
1,218,000.00
372,694.25

Total----------------------------------------- 2,878,944, 568. 15

348,599,801. 17

s

$5,928,433. 15
135,060,495.60
1,546, 108. C0
19,887,092.45
7.811, 690. 71

72,439, 763.09
51,502,267.96
9,827,254.81
8,029,359.93.
17,020, 198, 58
22,458,813.68
19,680,749.80
44,324,603. 16
3,519,846.53
100,000.00
742, 592.37
845,305.75
2,203,958,339.21

Oails:

T o Federal land banks!------------------------

T o Federal intermediate credit banks 1--------T o regional agriculture credit corporations (re
discounts) ----------------------------------T o railroads (including receivers and trustees) 1

2399,636,000.00
12,400,000.00
9,250,000.00 ----------------

2387,236,000.00
9,250,000.00

178,489,460.09
421,699,930.00

5,229,456. 28
5,046,784. 47

172,666, 166.98
413,896, 530.63

Grand total.---------------------------------- 3,888,019,958. 24

371, 276,041.92

3, 187,007,036.82

B A N K S A N D T R U S T C O M P A N I E S (IN C L U D I N G R E C E I V ER S, L I Q U I D A T I N G A G E N T S
A N D CONSERVATORS)
Alabama------------------------------------------Arizona-------------

Arkansas---------------------------------California--------------------------------Colorado---------------------------------Connecticut------------------------------Delaware------------------------------------

District of Columbia---------------------Florida.--------------Georgia------------Idaho-------------

Illinois-----------------------------------Indiana-----------------------------------I ow a --

Kansas
Kentu
Louisiana--Maine----------------------------------Maryland------------------------------Massachusetts--------------------------Michigan---------------------------------Minnesota.--------------------------------Mississippi------Missouri---------Mon tan a--- --- --Nebraska---------------------------------Nevada------------------------------------

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

North Carolina---------------------------North Dakota----------------------------Ohio--------------------------------------Oklahoma----------------------------------Oregon-------------------------------------Pennsylvania-------------------------------Rhode Island

$12,467,765.87
1,997,800.00
25,218,566.15
121,373,885.53
4,744,302.30
16,927, 217.73
257,000.00
25,607, 160.06
8,895, 254.58
11,245,897.99
3,194,856.72
194,029,929. 56
35,794, 536.05
59,931,765. 13
7,979,665.53
17,876,440.24
105,046,578. 81
50,959,934.02
61,043,357.68
40,016,000.00
368,280, 129.95
12,638,279.13
17, 195,859. 36
56,730,666.04
2,939,987. 51
6,897, 348.59
5,327,667. 92
1,794,000.00
73,555,623.30
1,513,773.54
90,688,519. 27
33,097,006.02
7,610,784.75
267,561, 120.49
3,606, 627.98
7,412,880.88
181,303,806,-13
1, 100,000.00

||
||

|

|

$2,476,408.76
97,378.65
5,329, 199.95
7,110,018.46
836,927.93
1,924,424:20
8,000.00
1,273,438. 62
931,307.45
2,006, 791.40
596,310.33
20, 210,920.37
4,897, 104.55
7, 195,893.09
1,293, 180.32
1,400, 428. 07
26,620, 162.92
5,297,335.45
8,483,449.06
4,981,454. 55
46,969,424.95
2,937,403.27
2,072, 968. 82
19,639,930.82
,076.
868,485.47
114,000. 75
356, 139.92
7,967,045. 24
479,619. 14
10,228,792. 31
6,224, 181.78
2,930.58
29,436,465. 57
,970.68
1,203,925. 73
24, 446,081.29
9,075.00

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

$8,444, 509.99
1,810,621.35

-

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

REPORT OF T HE RECONSTRUCTION FINANCE CORPORATION

37

TABLE 6–Amount of authorizations, withdrawals or cancelations, and disburse
mentsfrom Feb. 2, 1932, to Sept. 30, 1934, inclusive, by States—Continued
B A N K S A N D T R U S T C O M P A N I E S (INCLUDIN G RECEIVERS, L IQUIDATING A G E N T S
A N D CONSERVATORS–Continued

Amoufl.ºther

State

A mo u nt with
d r a w n or

Alºis.

canceled
South Carolina---------------South Dakota.-------------------Tennessee-----------------------Texas-------Utah--Vermont
Virginia-----

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

Washington---

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

West Virginia-----------------Wisconsin----Wyoming--Alaska----Hawaii--------------------------Puerto Rico.----------------------------------------

-

-

-

-

-

-

-

-

-

-

-

$19,526,046. 13
$1,459,728. 56
4,751, 116.70
915,234.69
76,908, 475.39
5,749, 303.34
30, 422,604.38
4,268,797.08
5,737,612.00
861,706.59
8,598,898.84
393,832. 52
17,771, 708.67
2,486,349. 64
26,691,722. 59
9,930,073.73
20,899,455.84
1,004,394.36
37, 470, 122.76
6,731,358.98
1,487,087.05
179,541. 53
100,000.00 ---------------750,000.00
7,407. 63
1,218,000.00
372,694.25

Total----------------------------------------- 2,196, 194,845. 16 ||292,069,074.69

$16,847,735.95
3,670,887. 49
70,205, 427.05
24,380, 575.72
4,871,405.41
8,029,359.93
14,769,656.72

15,318,666.50
17,327, 710.04
27,246,599-07
1,197,045. 52
100,000.00
742,592.37
845,305.75
1,681, 124,587. 39

-

B UI LD IN G A N D L O A N ASSOCIATIONS (INCLUDING RECEIVERS)
Alabama------------------------------------------Arkansas--------------------------California-------------------------Colorado------------------------Connecticut---------------------eorgia.---Illinois-Indiana--Iowa------------------------------Kentucky-------------------------Louisiana--------------------------

-

-

-

-

-

-

-

-

-

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

Mississippi

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Missouri.---------------------Montana--------------------Nevada----------------------

New Jersey----------------Ne w York-----------------North CarolinaNorth Dakota
io-------

PennsylvaniaSouth Carolina--------------South Dakota.-----------------Tennessee---------------------Texas-------------------------Virginia-----------------------Washington.--------------------

West Virginia-----------------Wisconsin--------------------

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Wyoming
Total.-----------------------------------------

$111,000.00
$811.96
2,658,378.25
100,944.36
9,520, 134.81
505,685. 28
110,000.00
3,263. 06
549,000.00
49,242. 14
5,000.00 ---------------3,988,989.09
302,971.46
1,683,000.00
22, 179.40
1,132,800.00
25, 110.25
1,449,500.00
54,488.39
2,673,860.03
24, 186.57
1,328,400.00
19,367.62
2,091,287.87
221,494.69
107,500.00
3,226.48
103,500.00
7,502.78
250,000.00
2,230.27
313,605.00
78,068.78
85,000.00
55,000.00
30,359,926. 12
1,683,772.45
9, 102,159.38
1,796, 134.86
3,571,493.49
75,868.94
155,000.00
3,022.75
31,216,765.37
1,585,554. 19
4,102, 100.00
156,297.39
1,668,049. 11
149,228.63
261,077.02
15,011. 55
290,000.00
405. 15
1,718, 150.00
105,416.04
975,662.35
5,050.90
164,000.00
5,591.24
1,546,000.00
12,956. 12
9,041,000.00
463,211.79
141,781.25 ---------------122,474,119. 14

7,553,295.49

$110, 188.04
2,557,433.89
9,014,449.53
106,736.94
499,757.86
5,000.
3,686,017.63
1,660,820.60
1,107,689.75
1,395,011.61
2,649,673.46
1,309,032.38
1,869, 793.18
104,273.52
95,997.22
247,769.73
235,536.22
30,000.00
28,676, 153.67
7,306,024.52
3,495,624. 55
151,977.25
29,631,211.18
3,945,802.61
1,518,820.48
246,065.47
289,594.85
1,612,733.96
950, 611.45
158,408.76
1,533,043.88
8,577,788.21
141,781.25
114,920,823.65

INSURANCE COMPANIES
Alabama-------------------------------------------

-

-

-

-

-

-

-

-

-

uisiana----

Maryland.
Michigan-------------------------------------------

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

$41,300.00
$297,750.00
80,000.00
355,000.00
---------------50,000.00
---------------75,000.00
---------------33,000.00
96,042. 28
5,932,457.72
1,262,021.45
3,235,978. 55
102,212.50
3,419,787.50
22,983. 34
334,016.66
1,000,000.00 -----------------21,943. 75
1,248,056.25
---------------13,985,000.00
609,394.50
4,207,519.26

38

REPORT OF THE RECONSTRUCTION FINANCE CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to Sept. 30, 1934, inclusive, by States–Continued
I N S U R A N C E C O M P A N IE S - C o n t i n ue d

A mo unt author

State

ized

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

-

-

-

-

-

-

-

PennsylvaniaSouth CarolinaSouth Dakota

A mo u nt with
d r a w n or
canceled

$28,500.00
$6,000.00
112,000.00 ---------------7,870,000.00
298,218.63
2,399, 150.00
401,663.56
902,000.00
88, 500.00
28,483,600.00
1,086,357.04
1,932,500.00
112.50
74,500.00
5,000.00
15,865,000.00
7,033,661.80
275,000.00
1,950.00
1,541,225.47
469,325.47
504,000.00
50,000.00
711,000.00
4,170,731.66
,083. 24
385, 196.62
10, 104.37
785,000.00
141,004. 12
60,000.00 ||---------------*

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

102,558,867. 51

* *** *

12,856,004.06

A mou nt dis
bursed

$22,500.00
112,000.00
7,386,781.37
1,997,486.44
813, 500.00
27,397,242.96
1,932,387.50
69,500.00
8,831,338. 20

273,050.00
1,071,900.00
504,000.00
50,000.00
676,874. 49
4,126,648.42
375,092.25
458,995.88
,000.
89,332,863.45

M O R T G A G E LO AN COMPANIES
Alabama

$1,913,760. 55
$271,141. 11
$593,642. 57
100,000.00
100,000.00 -----------------1,683,500.00
81,268.02
1,101,331.98
69, 182,493. 44
1,067,715.45
68, 114.777.
1,374.000.00
29, 903.88
1,344,096. 12
1,675,000.00
1,359,756.62
764,532.60
764, 532.60
930,408.00
769,078.60
1,661, 137.74
1,205,786. 40
2,414,000.00
2,369,976. 48
5,657, 569.90
,203. 15
2,773, 550.00
2,773,550.00 -----------------97,500.00
50,000.00
92,500.00
50,000.00
5,999,000.00
4,148,538.48
3,200,000.00
3,200,000.00
20,286,357.09
24,883,906.00
12,918,500.00
1,148,053. 41
11,399,773.63
10,239, 444,22
3.019,430.14
4,946,016. 14
3,102,500.00
67,500.00
3,035,000.00
501,450.00
2,900.00
315,653.59
2,239,250.00
886,227.82
1,242,022.18
156,370.00
202. 39
156, 167.61
695,225.00
15,528.56
654,246.44
521,619.44 |----------------|-----------------13,956, 500.00
4,474,390.14
8,963,511.96
209,000.00
,000.
149,000.00
137,222,300.00
3,437,265.07
59,409, 605.30
3,289,025.00
261,659.47
3,000,705. 53
65,000.00
245.00
64,755.00
40,966,979.00
722,223.47
35,502,715.96
4,804,650.00
100,799.30
4,682,293.90
1,007, 500.00
368,602.30
548,897. 70
4,995, 100.00
294, 200.00
4,451,427.77
4,076,000.00
231, 262.25
3,844,737.75
13,069,657.00
1,515,200.00
1, 171,050.01
19,310,072.24
292. 60
18,123,109.16
1,285,000.00
,000.00
1,235,000.00
1,829,030.61
79,239.66
918,871.36
4,449, 155.41
433,439.77
3,950,566.23
72,500.00
11,500.00
61,000.00
1,728,762. 92
1,676,262.92
52,500.00
-

-

-

-

-

-

-

-

-

-

-

- - - - -

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

West Virginia---------Wisconsin------------------------------------------

Total----------

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

407, 113,449.07

29, 501,643.62

276,204,705.30

REPORT OF T H E

RECONSTRUCTION

39

F INA NC E CORPORATION

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

ments from Feb. 2, 1932, to Sept. 30, 1934, inclusive, by States–Continued
Credit UNIONS

Amount

state

authorized
-

Am oun t with
d r a w u or
canceled

Amount
le
disbursed

$54,555.00
$85.
$54,470.00
65,000.
9,504.30
55,495. 70
10,000.00
261. 29
9,738.71
20,000.00
20,000.00 -----------------467,446.00
12,263.00
455, 183.00
5,966.80 ---------------,966.80
Total-----------------------------------------

622,967. 80

JOINT-STOCK L A N D

West Virginia-------------------------------------Total-----------------------------------------

21,103,172.68

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

tah-----------------------------------------------

580, 854.21

BANKS

$590,000.00
3,485,000.00
1,092,372.68
205,000.00
3,645,300.00
335,000.00
2,150,000.00
330,000.00
82,500.00
1,035,000.00
185,000.00
1,626,000.00
781,000.00
2, 185,000.00
190,000.00
2,036,000.00
550,000.
600,000.00

Texas

42, 113.59

$104,811. 41
$485, 188.59
342,472.72
3, 142, 527.28
10,207. 36
1,064,008.78
---------------205,000.00
1,383,306.72
2,261,993.28
62,078.76
272,921. 24
170,012.90
1,979,987. 10
330,000.00 --------------------------------500.00
158,213.06
876,786.94
---------------185,000.00
516,000.00
1,110,000.00
69,843.88
711, 156. 12
1,154,535. 13
1,016, 536.02
100,000.00
146,070.43
1,061,929. 57
1,767. 58
548,232.42
---------------00
-

-

-

4,549,319.95

15,393,767.34

AGRICULTURAL CREDIT CORPORATIONS
Arizona-------------------------------------------Arkansas------------------------------------------Colorado------------------------------------------Florida--------------------------------------------Idaho---------------------------------------------Iowa----------------------------------------------Louisiana-----------------------------------------N e w York-----------------------------------------North Dakota-------------------------------------Oregon--------------------------------------------South Carolina------------------------------------e n n es s e e- - - -- - - -- - - -- - -- - - -- - - -- - - -- - - -- - - -- - - -- - e x as - - -- - -- - - -- - -- - - -- - -- - - -- - -- - - -- - -- - - -- - -- - - --

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

$880,000.00 ---------------$880,000.00
156,648.00 ---------------156,648.00
71,455.31
$11,500.00
59,955.31
,000.00 l---------------435,000.00
63,889.60
5,167.00
58,722.60
480,000.00
25,000.00
180,000.00
120,000.00 ---------------120,000.00
397,251.46
164,660.72
232, 590.74
1,000.00 l---------------1,000.00
116,790.30 ---------------116,790.30
,500.
58, 500.00 -----------------124,250.00
124,250.00 l-----------------95,491.08
6,239.95
89,251.13
3,013, 103.89
81,931.70
2,931, 172.19
6,013,379.64

477,249.37

5,261, 130.27

LIVESTOCK CREDIT CORPORATIONS

82,850.00
$244,400.00
$138,450.00
2,132,035.29
101,800.00
2,030,235.29
421,000.00
421,000.00 -----------------2,142,250.00
145,900.00
1,996,350.00
874,441.51
106,249.88
768, 191.63
270,740.00
28,450.00
242,290.00
2,159,559.15
25,980.00
2, 108,020.00
3,477,443. 10
304,826. 12
3,172,616.98
247,500.00 ---------------,000.00
2,342,142.95161,123.19
2,181,019.76
14,449,962.00

1,539,729.19

12,737, 173.66

40

REPORT OF T H E

RECONSTRUCTION

FI NA NCE CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to Sept. 30, 1934, inclusive, by States—Continued
PRO CE SSO RS O R DISTRIBUTORS W H O A R E S UBJE CT T O PROCESSING T A X E S

Amount
author
ized

State

A mo u nt with
d r a w n or

canceled

11,371.21
STATE

FUNDS

CREATED

FOR

THE

DEPOSITS

O F

P U R P OS E OF INSU RIN G
P UBLIC M O N E Y S

A mo un t dis
bursed
ur s

14,718.06

REPAYMENT

OF

$8,387,715.88

$8,387,715.88

8,387,715.88

8,387, 715.88

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

$24,000.00 ---------------------------------500,200.00 ---------------$21, 200.00

Colorado------------------------------------------Connecticut---------------------------------------District of Columbia------------------------------Florida--------------------------------------------Georgia

85,000.00 ----------------|-----------------308,000.00 ---------------75,000.00
22,500.00 ---------------17, 193.00

370, 500.00 ----------------|------------------

Idaho--Illinois
Indiana--Io wa-- ---

Maine- ---

Maryland
Massachusetts

Oregon--------------------------------------------Pennsylvania
South Carolina

512,500.00
,000.00
115,000.
,000.00
12,733,675.00

1,916, 178.27

REPORT OF THE RECONSTRUCTION FINANCE CORPORATION

41

TABLE 6–Amount of authorizations, withdrawals or cancelations, and disburse
mentsfrom Feb. 2, 1932, to Sept. 30, 1934, inclusive, by States—Continued
L O A N S T O IN DUS TRIA L O R C O M M E R C I A L BUSINESSES

Alabama-------------------------------------------

canceled

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

$24,000.00
500,200.00
370, 500.00
85,000.00
308,000.00
22,500.00
189,250.00
472, 200.00
10,000.00
947, 500.00
102,500.00
295,000.00
235,000.00
12,000.00
31,000.00
7,500.00
30,000.00
130,300.00
47,000.00
103,500.00
376, 700.00
45,000.00
64,350.00
274,250.00
110,000.00
3,045, 500.00
177,500.00
400,000.00
1,192, 500.00
,000.00
528,250.00
649,000.00
,000.00
,000.00
346, 500.
120, 500.00
60,750.00
50,000.00
110,000.00
505,000.00
50,000.00
115,000.00

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

12,305,750.00

California.-Colorado----Connecticut-------District of Columbialorida------------eorgia.----Idaho------Illinois.------Indiana------Iowa--------Kansas----------Kentucky-----Louisiana--Maine-----Maryland.---Massachusetts-Michigan------Minnesota-Missouri---Montana------Nebraska------N e w Jersey----N e w Mexico.---N e w York---------North Carolina------------North Dakota.-------------Ohio---------------------Oklahoma---------------------------------Oregon-------------------------------------

Pennsylvania-----------------------------------

OF

PARTICIPATIONS

IN L O A N S T O
BUSINESSES

Amount dis

drawn or

ized

Arkansas- --

PURCHASES

Amount with

Amount author

State

---------------–
---------------$13,500.00

-

776, 500.00

Georgia.--------------------------------------------Tennessee------------------------------------------

Virginia-------------------------------------------Washington.---------------------------------------Hawaii--------------------------------------------Total-----------------------------------------

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

177,625.00

-

102,950.00
164,768. 24

–

INDUSTRIAL OR

$175,000.00
2,625.00

bursed

1,916, 178.27

COMMERCIAL

42

REPORT of THE RECONSTRUCTION FINANCE CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to Sept. 30, 1934, inclusive, by States—Continued
TOTAL, E M E R G E N C Y

RELIEF A N D

CONSTRUCTION

ACT

Amoºthor

State

OF

1932, A S A M E N D E D

Amount with
d r a w n or

Anºdis

canceled
Alabama-------------------------------------------

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

$4,585,688.00
$299,500.00
$4,286,188.00
2,861,769.00
13,500.00
1,498,269.00
7,017,386.42
953,219.30
5,899,167. 12
168,440,581.00
4,874,350.78
75,467,148.74
6,334,520.00
22,430.00
4,995,620.42
100,000.00
100,000.00 -----------100,000.00
50,000.00
900.00
5,849,820. 10
930,000.00
4,834,820. 10
1,801,692.00
19,000.00
1,782,692.00
1,086,566.00 ---------------1,086,566.00
63,274,444.00
3,176,250.00
58,518, 194.00
6,770,042.54
1,233,211.94
5,536,830.60
2,161,130.00
9,700.00
2,151,430.00
4,412,934.00
3,343,848.68
11,902,611.00
8,655,921.79
74,955, 127.00
22,669,899.80
1,937,895.00
816,016.24
536,230.00
336,230.00
350,000.00
136. 396.29
22,817,040.47
22,472,040.47
3,156,787.00
2,581,787.00
4,444, 669.00
4,332,919.00
5,716,929.00
4,754,789.00
2,577,785.
2,440, 170.00
75,000.00
15,000.00
262,632.00
262,632.00
1,616,603.00
1,616,603.00
5,543, 195.37
.37
4,823,741.00
6,082, 503.00
.00
5,337,903.00
55,397, 255.74
.17
41,681,655.83
7,120,473.20
.28
6,502, 722.92
598, 768.00
.00
597,688.00
20,648,005.00
508,517.72
20,041,987. 28
4,870, 579.81 ---------------4,820,597.00
3,782,915.00
10, 104.20
3,622,738.32
35,563,375.00
243,062. 24
35,320,312.76
1,123,590.00 ---------------1,123,590.00
4,805,770.00
81,000.00
4,724,770.00
1,908,945.00
105,000.00
1,803,945.00
11,387,352.00
2,858, 526.40
6, 138,150.61
12,445, 505.85
1,660,650.00
9,244,854.85
3,660,739.00
651,300.00
2,975,439.00
5,625, 529.80
124,376.00
5,321,235.00
9,089,278.37
2,504,543. 17
6,584,735.20
9,833,218.00
175,000.00
9,655,218.00
13,784,925.44
18, 000.00
13,756,925. 44
125,000.00 ----------------|-----------------$94,935.00 ---------------394,935.00
1,660,000.00 ---------------1, 252,000.00

L

620, 597,740. 11

80,873,636. 32

426,217,223.46

52,880, 542.80
704,000,000.00

30,077,098.05
151,004, 259.44

19,025,382.87
262,514,054.91

Grand total----------------------------------- 1,377,478,282.91

261,954,993.81

707.756, 661.24

Arizona------------------------Arkansas------------------------California-----------------------Colorado-------------------------

Connecticut---------------------Delaware------------------------Florida-----------------------------

Georgia----------------------------Idaho-------------------------------

Illinois----------------------------Indiana----------------------------Iowa--------------------------------Kansas-------------------------------

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

ennessee--

-

-

-

-

-

-

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

-

-

-

-

-

-

oans:

For financing exports of agricultural surpluses 1-

To commodity credit corporation1--------------

S E L F - I L I Q U I D A T I N G P R O J E C T S , SEC. 201 (A). T I T L E II ( I N C L U D I N G L O A N S F O R F I
NANCISG. REFAIR of Ét ii,DiNg's DAMAGEij BY E A R T H Q U A K E , FIRE, T O R N A D O
O R C Y C L O N E IN 1933)
$224,000.00
$149,500.00
$74,500.00
1,413,500.00
13,500.00
50,000.00
1,458,419.42
500,000.00
943,419.42
154,655,700.00
3,056,639.00
63,499,979. 52
2,001,530.00
322,430.00
1,162,630.42
100,000.00
100,000.00 -----------------1,644,930.78
930,000.00
629,930.78
41,000.00
19,000.00
22,000.00
60,000.00 ---------------60,000.00
7,830,723.00
3,176,250.00
3,074,473.00
833,000.00
773,000.00
60,000.00
1These loans are not included in the State totals shown above.

REPORT OF TH E RECONSTRUCTION FINANCE CORPORATION

43

TABLE 6 – A m o u n t of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to Sept. 30, 1934, inclusive, by States—Continued
SELF-LIQUIDATING

P R O J E C T S , SEC . 201 (A)

TITLE (INCLUDING LOANS FOR FI
E A R T H Q U A K E , FIRE, T O R N A D O

NANCING REFAIR of fº idings. D A M A G E D BY

O R C Y C L O N E I N 1933)—Continued

ized

Oregon---PennsylvaniaSouth Carolina-South DakotaTennessee--Texas---U ta h- Virgini

Washington--West VirginiaWisconsin----Wyoming--erto Rico.----------------------------------------

Total----------------------------------------FINANCING

OF

AGRICULTURAL

Amount with
d r a w n or
canceled

A mo u nt author

State

$9,700.00
1,820,000.00
1,498,624.00
16,263,000.00
1,650,000.00
59,850.00
718,841.47
575,000.00
325,000.00
996, 140.00
207,000.00
75,000.00
250,000.00
3,308,904.37
5,694,600.00
27,218,000.00
1,120,473.20
625,800.00
299,982.81
734,625.00
315,000.00
230,500.00
105,000.00
100,000.00
4,273,662.85
737,300.00
2,110,225.80
3,026,318.37
3,000.00
40,000.00
125,000.00
1,300,000.00

Alabama-------------------------------------------

Arkansas---California--Colorado---Delaware-Florida---Georgia.-Indiana----

Kentuckyuisiana---Maine-------

Maryland-----

$9,700.00 ||--------------------------------$750,914.68
511,624.00
4,000.00
43,200.00
14,430,022.80
---------------,121. 24
---------------59,850.00
75,000.00
643,841.47
575,000.00 -----------------50,000.00
274,000.00
---------------42,000.00
27,000.00
70,000.00
69,000.00
15,000.00
---------------250,000.00
53,904.37
2,598,000.00
172,500.00
4,950,000.00
4,372,000.00
14,741,000.00
592,473.20
520,000.00
158,300.00
435,000.00
---------------250,000.00
10,000.00
724,625.00
215,000.00
100,000.00
81,000.00
149,500.00
105,000.00 --------------------------------99,869.26
1,640,650.00
1,093,012.85
651,300.00
52,000.00
124,376.00
1,805,931.00
2,476,318.37
550,000.00
----------------|-----------------–

246,079,351.07

cºrres

Am o un t dis
ursed

AND

21,044,664.94

116, 590,621.44

LIVESTOCK, SEC. 201 (d)

$150,000.00
725,000.00
3,703,250.
500,000.
100,000.
318,377.32
,000.00
757, 111.54
3,675,000.00
50,492,000.00
35,000.00
300,000.00
350,000.00
290,000.00
.00
60,750.00
104,000.00
.00
2,500.00
.00
225,000.00
.00
1,579,255.74
1,014,344. 17
340,655.83
50,000.00
277.08
32,722.92
6,000.00
1,080.00
,920.00
750,000.00
350,217.72
349,782.28
250,000.00
104.20
99,823. 32
318, 500.00
062. 24
290,437.76
7,912,000.00
2,858,526.40
2,662, 929.35
219, 551.00
,000.00
199, 551.00
20,000.00 ---------------,000.
85, 530.00
28,224.80
57,305.20
175,000.00
175,000.00 -----------------1,349,563.44
8,000.00
1,321,563. 44
-

Michigan-----Mississippi-Missouri------------------------------------------Montana------------------------------------------N e w Jersey----------------------------------------N e w York-----------------------------------------North Carolina------------------------------------North Dakota-------------------------------------hio------------------------------------------------

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

74,518,389.04 || 59,828,971.38

9,641,603.02

Ins:

T o commodity credit corporation 1--------------

704,000,000.00

151,004,259.44

262,514,054.91

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

778, 518,389.04

210,833,230.82

272,155,657.93

1These loans are not included in the State totals shown above.

44

R E P O R T OF T H E

RECONSTRUCTION

F INAN CE CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1982, to Sept. 30, 1984, ivelusive, by States—Continued
A M O U N T S M A D E AV AI LA B LE FOR RELIEF A N D W O R K

Amount author-

State

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

A

ized

A
labama------------------------------------------Arizona-----------------------------

Arkansas---------------------------

-

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

-

Colorado--------------------------Florida--

-

-

Georgia.--

Idaho.
Illinois Indiana Iowa------------------Kansas-------------------

-

-

-

-

Kentucky----------------

Louisiana.

-

Maine-----

Maryland-----------------------Michigan-------------------------

-

- - - - - - - - - -

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

- - - - - - - - - -

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

* * * * * * * *

-

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

-

-

-

* * * * * *

-

* *

R h o d e Island---------------------------------------

South Carolina------------------------------------S o u th Dakota.--------------

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

Hawaii---------------------------------------------

Puerto Rico

*
canceled

$4,211,688.00
1,448,269.00 –
4,833,967.00
10,081,631.00 3,832,990.00
3,886,512.00
1,745,692.00
1,026,566.00
55,443,721.00
5,179,931.00
2,151,430.00
2,592,934.00
6,728,987.00
8,200,127.00
252,895.00
176,380.00
21,808, 199.00
2,581,787.00
4,058,919.00
4,616,789.00
2,368,285.00
262,632.00
1,366,603.00
2,009,291.00
387,903.00
26,600,000.00
5,950,000.00
592,768.00
19,272,205.00
4,570,597.00
2,798,290.00
34,929,875.00
1,123,500.00
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
-

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

300,000,000.00 ----------------

Am oun t dis
bursed

$4,211,688.00
1,448,269.00
4,833,967.00
10,081,631.00
3,832,990.00
3,886,512.00
1,745,692.00
1,026,566.00
55,443,721.00
5,179,931.00
2,151,430.00
2,592,934.00
6,728,987.00
8,200,127.00
252,895.00
176,380.00
21,808, 199.00
2,581,787.00
4,058,919.00
4,616,789.00
2,368,285.00
262,632.00
1,366,603.00

2,009,291.00
387,903.00
26,600,000.00
5,950,000.00
592,768.00
19,257,205.00
4,570,597.00
2,798,290.00
34,929,875.00
1,123,590.00
4,575,270.00
1,803,945.00
3,375,352.00
7,952,291.00
2,923,439.00
3,495,304.00
5,977,430.00
9,655,218.00
12,395,362.00
394,935.00
360,000.00
299,984,999.00

TOTAL, A C T A P P R O V E D MA R . 9, 1933, AS A M E N D E D

California.--

Colorado-

Connecticut

$14,503, 200.00
$114,625.00
1,190,000.00 ---------------4,900,500.00
714,000.00
58, 198,070.00
9,243,325.00
4,750,000.00
117,500.00
7,979,800.00
1,316,804.00
2,655,000.00
2,075,000.00
1 17,700,000.00
2,050,000.00
1,672,000.00
103,500.00
5,757,500.00
962,000.00
1,810,000.00
180,000.00
92,532,000.00
2,426, 223.33
17,030,000.00
1,218,000.00
12,330,500.00
310,000.00
5,416, 500.00
382, 500.00
10,270,000.00
1,704, 150.00
10,316,000.00
685,000.00
10,598,000.00
1,940,000.00
10,060,000.00
1,379,960.00
18,931,000.
3,083,800.00
39, 597,000.00
1,622,299.00

$14,081,075.00
1,190,000.00
3,814,500.00
47,452,425.00
4,555,000.00
6,362,996.00
545,000.00
115,400,000.00
1,348,500.00
4,750, 500.00
1,630,000.00
88, 604,276.67
13,797,000.00
9,418,000.00
4,350,000.00
7,503,350.00
9,376,000.00
7,758,000.00
6,980,040.00
15,047,200.00
35,243,061.00

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

REPORT OF THE RECONSTRUCTION FINANCE CORPORATION

45

TABLE 6.-Amount ofauthorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to Sept. 30, 1934, inclusive, by States—Continued
T O T A L , A C T A P P R O V E D M A R . 9, 1933, A S A M E N D E D – C o n t i n u e d
A mo u nt author- A m o u n t w i t h
drawn
or
ze
canceled

State

Minnesota-----------------------------------------Mississippi-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Pennsylvania
Rhode Island---

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

A mo un t dis
bursed

$17,426,625.00
$376,600.00
$16,589, 500.
10,279, 150.00
775,000.00
8,300, 650.
24,696,000.00
2,258,000.00
19,442,000.
3,713,000.00
25,000.00
3,388,000.
8,655,000.00
862, 500.00
7,454,200.
205,000.00 ---------------180,000.
1,338,000.00
235,740.00
627,260.
52,710,000.00
3,532,690.43
36,057,309.
982, 500.00
325,000.00
620,000.
355, 536,000.00
10,264,107.50
269,928,392.
7,650,000.00
480,000.00
5,470,000.
4,267,000.00
179,000.00
3,677,000.
84,837, 500.00
5,832,952.00
74,593, 548.
10,748, 500.00
250,500.00
10,399,000.
1,990,000.00
90,000.00
1,875,000.
47,950, 700.00
4,167,628.50
29,901,171.
1,100,000.00
201,500.00
898, 500.
2,276,800.00
135,000.00
2,066,800.
4,446, 100.00
68,000.00
4,252,000.
11,509, 100.00
717,500.00
9,526,600.
34,399,250.00
2,533,000.00
28, 158,750.
4,280,000.00
300,000.00
3,965,000.
14,795,000.00 ---------------14,645,000.
11,883,000 00
1,430,850 00
9,787, 150.
6,416,500.00
1,014,500.00
5,162,000.
5,986,000.00
238,333.34
4,607, 666.
23,391,000.00
2,637,900.00
17,650, 100.
1,445,000.00
212, 500.00
1,057,500.
37,500.00 ---------------37,500.
1,500,000.00
250,000.00
1,250,000.
125,000.00
125,000.00 -----------------1,104,772,295.00

71,147, 488.10

890, 774,521.90

F BANKS A N D TRUST COMPANIES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

$3,095,600.00
$7,025.00
50,000.00
434,500.00 ||---------------3,550,750.00
539,750.00
000.00
309,800.00
230,000.00
000.00
25,000.00
100,000.00
12,500.00
50,000.00
25,000.00
473,000.00
506,000.00
400,000.00

1,160,625.00
22,650.00

1,548,000.00 |
2,672,500.00
6,355,000.00
1,581,000.00
275,000.00
20,000.00
1,000.00
791,000.00
234,400.00

$3,073,575.00
50,000.00
422,500.00
3,011,000.00
149,800.00
199,000.00
25,000.00
100,000.00
12,500.00
50,000.00
25,000.00
83,000.00
506,000.00
400,000.00
1,600.00
1,031,500.00
22,650.00
1,548,000.00 ||-----------------2,369,200.00
4,246, 130.00
837, 500.00
275,000.00
20,000.00
.00
.00

6, 100.00

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

5,100,000.00
451,250.00
20,000.00
500,000.00
200,000.00
83,000.00
115,000.00

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

30,398,675.00

5,100,000.00
51,250.00
15,000.00
500,000.00
200,000.00
78,000.00
115,000.00
4,556,745.00

23,680, 105.00

46

REPORT OF T H E

RECONSTRUCTION

FIN ANC E CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to Sept. 30, 1934, inclusive, by States—Continued
S U B S C R I P T I O N S F O R P R E F E R R E D S T O C K O F B A N K S A N D TirusT C O M P A N I E S

Am ou nt author-

State

ized

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

A mou nt with
drawn or
canceled

A mo u nt dis
bursed

$11,407,600.00
$11,007,500.00
300,000.00
300,000.00
3,392,000.00
4,466,000.00
49,647,320.00
39,441,425.00
4,750,000.00
4,555,000.00
7,670,000.00
6,213, 196.00
140,000.00
115,000.00
i 13,600,000.00
115,000,000.00
1,442,000.00
102,500.00
1,149,500.00
2,422,500.00
750,000.00
1,647,500.00
1,710,000.00
180,000.00
1,530,000.00
84,068,500.00
746,223. 33
81,985,776.67
7,387,500.00
350,000.00
6,203, 500.00
12,280,500.00
310,000.00
9,368,000.00
5,391,500.00
382,500.00
4,325,000.00
10,270,000.00
1,704, 150.00
7,503,350.00
4,580,000.00
50,000.00
4,275,000.00
7,760,000.00
900,000.00
6,310,000.00
3, 140,000.00
879,960.00
1,560,040.00
18,425,000.00
3,083,800.00
14,541,200.00
38,497,000.00
1,622,299.00
34, 143,061.00
12,536,000.00
215,000.00
11,998,000.00
3,876,000.00
215,000.00
2,457,500.00
10,282,500.00
419,000.00
8,991,000.00
3,121,000.00
15,000.00
2,806,000.00
5,982,500.00
662, 500.00
5,085,000.00
205,000.00
180,000.00
1,338,000.00
,740.00
627,250.00
45,305,000.00
083,820.43
31,511, 179.57
982, 500.00
325,000.00
620,000.00
124,410,000.00
6,394, 107.50
108,935,892.50
7,375,000.00
480,000.00
5,195,000.00
2,223,000.00 ---------------2,123,000.00
23,947,500.00
1,480,452.00
19,192,018.00
9,957,500.00 ---------------9,872, 500.00
890,000.00
25,000.00
840,000.00
47, 716,300.00
4,167,628.50
29,716, 171.50
1,100,000.00
,500.00
898, 500.00
1,085,000.00
,000.00
970,000.00
2,958,000.00
25,000.00
2,813,000.00
6,400, 100.00
717,500.00
4,426,600.00
24,652, 500.00
775,000.00
20,677, 500.00
1,590,000.00
250,000.00
1,325,000.00
7,770,000.00 ---------------.
7,620,000.00
11,863,000.00
1,425,850.00
9,772, 150.00
2,320,000.00
722,500.00
1,367,f(X).00
2,820,000.00
48,333.34
1,816,666.66
4,312,500.00
605, 400.00
2,517, 100.00
1,330,000.00
212,500.00
942, 500.00
37,500.00 l--------------37,500.00
250,000.00
250,000.00 -----------------125,000.00
125,000.00 -----------------1 w r v v.

-

-

-

De lawa re-- ---- --

-

District of Columb

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

Wyoming---------------------------------------Alaska--------------------------------------------

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

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

660,425,820.00

46, 101,743. 10

518,500,616.90

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

REPORT of THE REconSTRUCTION FINANCE CORPORATION

47

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

ments from Feb. 2, 1932, to Sept. 30, 1934, inclusive, by States–Continued
P U R C H A S E S OF CAPITAL N O T E S

OR

DEBEN TURES OF BANKS A N D TRUST

C O M P A N I E S

Am oun t author- Am oun t with
d r a w n or
1 ze
canceled

State

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

South Carolina----------South Dakota.-------------Texas----------------------

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Vermont-----------------------

Washington:-----------------

West Virginia-------------Wisconsin-----------------Puerto Rico.----------------------------Total.-----------------------------TOTAL, E M E R G E N C Y

A m o u n t di s
bursed

$840,000.00
5,000,000.00
2,515,000.00
1,800,000.00
3,310,000.00
8,451,000.00
9,642,500.00
5,736,000.00
2,365,000.00
6,920,000.00
700,000.00
3,730,000.00
.00
6,380, 500.00
.00
12,865, 500.00
.00
592,000.00
.00
1,050,000.00
229, 545,000.00
3,815,000.00
2,024,000.00
179,000.00
60,889,000.00
4,352, 500.00
1, 100,000.00
65,000.00
1,191,800.00
55,000.00
1,482,000.00
43,000.00
9,295,500.00
1,458,000.00
2,690,000.00
50,000.00
7,025,000.00 ---------------3,596,500.00
292,000.00
2,966,000.00
190,000.00
18,995, 500.00
2,032,500.00
1,250,000.00 ----------------

$840,000.00
5,000,000.00
430,000.00
1,800,000.00
3,078,000.00
6,606,000.00
7,593,500.00
5, 101,000.00
1,365,000.00
5,420,000.00
700,000.00
3,560,000.00
5,820, 500.00
10,451,000.00
582,000.00
300,000.00
160, 155,000.00
1,534,000.00
55,401, 500.00
1,035,000.00
1,096,800.00
1,439,000.00
7,430,000.00
2,640,000.00
7,025,000.00
3,294,500.00
2,591,000.00
15,055,000.00
1,250,000.00

413,947,800.00

318,593,800.00

20,489,000.00

F A R M M O R T G A G E A C T O F 1933

[Drainage, levee,and irrigation districts,sec.36, titleII]
$2,512,000.00 ----------------|-----------------10,391,700.00
$10,000.00
$1,729,921.27
26,016,901. 40
1,498,704. 22
1,563,841.35
409,099.18
1,194,100.00
571,376.30
1,452,500.46
2,174,251.23
96, 576. 10
327,500.00
,000.00
56,500.00
21,000.00
1,316, 550.00
35,500.00
302,500.00
3,364, 150.00
4,400, 611.20
155,000.00

38,
2,352, 106.70
280, 160.00
156, 100.00
23

00

22,000.00
27,400.00
75,387,573.77

100435–34—4

9,478,838.43

48

REPORT

OF

T H E

RECONSTRUCTION

FINANCE

CORPORATION

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

A mou nt author
ized

State

Am oun t with
drawn or
canceled

A mou nt dis

L O A N S O N P R E F E R R E D S T O C K OF I N S U R A N

Maryland-----------------------------------------MichiganMissouri-N e w York------------------------------------------

$22,350,000.00
3,375,000.00
150,000.00
3,500,000.00

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

29,375,000.00

-

-

SUBSCRIPTION F OR P R E F E R R E D S T O C K OF A N I N S U R A N C E C O M P A N Y
Kansas---------------------------------------------

$100,000.00 ----------------

$100,000.00

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

100,000.00 ----------------

100,000.00

T O T A L , A C T A P P R O V E D A P R . 13, 1934

[Loans forfinancing repair ofproperty damaged by earthquake or flood in 1933or in January and
February of 1934)
California------------------------------------------

$2,150,000.00

$400,000.00

$116,040.00

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

2,150,000.00

400,000.00

116,040.00

T O T A L , A C T A P P R O V E D J U N E 19, 1934

[Loan to a public-school authority for the payment ofteachers' salaries]
Illinois---------------------------------------------

$22,500,000.00

$200,000.00

$22,300,000.00

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

22,500,000.00

200,000.00

22,300,000.00

REPORT OF THE RECONSTRUCTION FINANCE CORPORATION

49

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

outstanding from Feb. 2, 1982, to Sept. 30, 1984, inclusive, by months and
classes
GRAND TOTAL

Month

*

*

ized 1

Amount disbursed. Amountrepaid

A m o u n t outstand

ing at end of
period

No v e m be r - - - -- - - December--------------

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

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

$18,845.00
8,873,883.30
7,009,080. 50
16,440,727.23
48,684,900.92
34,615, 181.07
35,232,968.30
44,903, 158.06
47, 565,316.28
27, 180,977.04
29,423,415.68

$70,849, 572.52
183,453, 579.71
331,987, 822.44
474, 530,654.33
724, 122,570.00
860,657,320.79
971,605,266. 20
998,822,822.05
1,088,881,255.45
1,122,720,837.37
1,224,798,685. 44

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

1,936,376,672.57

1,524, 747,138.82

299,948,453.38

1,224,798,685. 44

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

142,844,447.43
283, 171,473.85
217,732,207. 45
162,528,594.61
141,981,250.47
154,047,880.32
201,024,785.36
57,792,381. 18
44,791,443.05
*517,388,597.97
377,237,724.85
*477, 728,989. 05

117,995,293.92
199,499,330.83
179,533, 134.72
117,500,398.87
• 195,805,854.81
123,677, 183.75
115,339, 396.98
83, 128,537.43
39,271, 516.79
48,646,412.75
186,473,215.08
369, 537, 593.42

32,452,828,29
35,971,603. 16
55,813,566.83
40,213,996.05
46,800, 209.06
,656,029.32
113,000, 506.08
73,535,212.46
61,734,251.55
69,713, 146.45
51,203, 160.33
67, 576,777.88

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, 649.63
1,855, 240,540. 53
1,864,833, 865.50
1,842,371, 130.74
1,821,304,397.04
1,956,574,451. 79
2,258,535,267.33

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

* 2,778,269,775. 59

1,776, 407,869. 35

742,671,287.46

2,258, 535,267.33

March....I.I.I.I.I.

409,789, 417.7
* 133,311,792.29
* 198,825,303. 13

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

* 86,321,321. 22
*82,761,790. 52
*91,313, 222.00

2,515,995, 597.30
2,571,462,379.99
2,654,851,672.42

*741,926, 513.14

656,712,738.83

* 260,396,333.74

2,654,851,672.42

* 104,640,048.62
* 118, 515,938.78
2* 264, 0.49,890.33

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

* 91, 137, 117.73
* 67,094,274.04
• 67,837,087.77

2,701,217,893.23
2,734,605, 644,33
2,871,981,059.94

*487,205,877.73

443, 197,867. 06

* 226,068, 479. 54

2,871,981,059.94

86, 128,803.94
189, 174,906. 22
296, 934,235.73

2278, 190,303. 16
115,003,449. 22
54,364,910. 22

a443,219,482.43
137,310,542.61
358, 111,659, 74

2,706,951,880.67
2,684, 644,787.28
2,680,898,037.76

September---October-----------

January
February--Marc h-- --- ---

April
ayJu ne-

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

April---

May-June----

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

Tot al, third
quarter---------

572,237,945. 89

447,558,662. 60

3638,641, 684.78

2,680,898,037.76

Grand total.------

6,516,016,784.92

4,848,624, 276.66

32, 167,726,238.90

2,680,898,037.76

* Revised.

1These figureshave been adjusted on account ofrescissions.
* 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.
3 Exclusive of repayments unallocated, pending advices, as of ept. 30, 1934.

50

REPORT

OF

T H E

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 7.-Amount of authorizations, disbursements, repayments and amounts
outstanding from Feb. 2, 1932, to Sept. 30, 1934, inclusive, by months a n d
classes—Continued
T O T A L S EC . 5, R E C O N S T R U C T I O N F I N A N C E C O R P O R A T I O N A C T , A S A M E N D E D

M on th

A m o u n t autho r
ized 1

Am ou nt repaid

Am oun t outstand
ing at end of
period

$91,601.057.00
142,333,075.06
228,771,667.33
199,450.025.39
254,246.63
167,934,728.59
125,136,437.31
65,352,280.71
59,371, 561.73
73,659,796.72
81,467,467.97

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

$18,845.00
8,873,883.30
7.009,080. 50
16,440,727.23
48,684,900. 92
34,615, 181.07
35,232,968.30
44,903, 158.06
47,563,281.73
27,177,436.04
29,313,534.28

$70,849,572. 52
183,453,579.71
331,987,822.44
474.530,654.33
724,122,570.00
860,657,320.79
967,657,382.20
984,663,238.30
1,057,453,316.73
1,069,643,298.56
1, 127,770, 126.21

1.623,332,344.44

1,427,603, 122.64

299,832,996.43

1,127.770, 126.21

75,183,421.58
159,688,523.62
122,840,052.22
62,758,894.98
135,626,841.22
99, 193,850.52
95,895,674.09
69,438,406.13
25,086,394.18
37, 194,685.39
105,441, 763.45
168,594, 158.96

32,308,547.15
35,910,843.56
55,687,000. 79
40, 103,725.68
46,258,651.69
94,303,490.41
112,822,773.08
72,799, 529.39
61, 116,379.75
69, 532,420.94
50,016,520.06
63,733, 126.65

1,170,645,000. 64
1,294,422,680.70
1,361,575,732.13
,384,230,901.43
1,473,599,090.96
1,478,489,451.07
1,461, 562,352.08
1,458,201,228.82
1,422, 171,243.25
1,389,833, 507. 70
1,445,258,751.09
1,550, 119,783.40

1,156,942,666.34

734,593,009. 15

1,550,119,783.40.

94,457,022.32
*50,739,634.93
*79, 100.876.38

119,658, 387.83
51.266,401.56
17,583,575.76

*85,074,206. 56
*74,622,427.17
*80,251,274.83

1,584,703,964.67
1,561,347,939.06
1,498,680,239.99

-

*158, 505,029.42
Total.------------

Am oun t disbursed

*1,530,523,912.08

1934

January---------------February-------------March----------------Total, first quar
ter-------------

*224, 297.533.63

188,508,365.15

*239,947,908. 56

1,498,680,239.99

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

*68.806,629.87
57,896, 962.68
**217,269,085.39

50, 594,695.21
37,556, 112.69
42,730,239. 15

*83,898.897.89
*64,004, 745. 12
*56,336,620.07

1,465,376,037.31
1,438,927,404.88
1,425,321,023.96

Total, Second
quarter--------

*343,972,677.94

130,881,047.05

*204, 240,263.08

1.425,321,023.96

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

42,285,303.94
108,239,047.63
15,369,138.58

*220,497,277.29
42,804, 762.57
19, 769,795.78

*315,267,510.69
82,036,867.94
*23,332,345.01

1,330,550,790.56
1.291,318,685. 19
1.287. 756. 135.96

Total, third quar
ter-------------

165,893,490.15

283,071,835. 64

3.420,636, 723.64

1,287,756, 135.96

Grand total.------

3,888,019,958. 24

3,187,007,036.82

a 1,899,250,900.86

1,287,756, 135.96

* Revised.

1 These figures have been adjusted on account of rescissions.

*Includes $193,618,000representing refinancing ofloans previously made by theCorporation to Federal

land banks for different in vidual amounts, but in the same a
• Exclusive of repayments unallocated, pending advices, as

egate amount.

ºfgº 30, 1934.

REPORT of THE RECONSTRUCTION FINANCE CORPORATION

51

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Sept. 30, 1934, inclusive, by months and
classes—Continued
B A N K S A N D T R U S T C O M P A N I E S (INCLUDING RECEIVERS, LIQUIDATING A G E N T S
A N D CONSERVATORS)

M o nt h

Amoºthor.

A mou nt disbursed

Am oun t repaid

Am oun t outstand
ing at
of

º

perio

1932

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

March-April-a y- -

June-July--AugustSeptember-O ctober----November--

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

$44,625,300.00
108,751, 135.06
152, 103,931.93
113,117,970.34
219,786,560.56
7,265,633.42
87,776,078. 12
,951,680.23
21,802,702.58
23,249,644.02
51,006,363.83

$39,546,160.52
85,870,980.49
112,153,001.36
108,192,844.29
151,624,949.99
104,166,283.74
77,635,909.68
27,401,650.02
80,746,257.61
20,420,708. 99
43,102,313.33

$18,845.00
7,651,531.30
6,889,778.45
12,585,480.24
45,346,776.63
,200,745.
31,301,194.49
40,413, 591.02
40,317,817. 54
22,466,223.72
21,057,389. 14

$39,527,315.52
117,746,764.71
,009,987.62
318, 617,351.67
424,895,525.03
500,861,063. 24
547, 195,778.43
534, 183.837.43
574,612,277.50
572, 566,762.77
594,611,686.96

949, 437,000.09

850,861,060.02

256,249,373.06

594,611, 686.96

56, 133,284.40
132,422,465.58
98,543,748.61
63,489,853.51
55,456,202.42
38,949,096. 07
100,595,536.74
33,461,223. 34
21,620,010.53
103,270,900.08
38,376,260.33
*107,984,632.44

43,125, 290.40
78, 112,411.70
62,900,655.93
23,914,051. 40
87,947,700.34
12,034,738. 64
66,053,436.74
52,493,748.50
15, 610,326.79
15,030,459.24
50,296,831.40
71, 174,894.

26,006,824.40
20,684,701.71
40,733,012.09
28,431,486.93
37,888,316.40.
75,139,370.23
67,871, 161.50
35,298,974.45
27,515,419.22
30,763, 169.21
25,417,090.99
46, 126,511.

611,730, 152.96
669, 157,862.95
691,325,506.79
686,808,071. 26
736,867, 455.20
673,762,823.61
671,945,098.85
689, 139,872.90
677,234,780.47
661, 502,070.50
686,381,810.91
711,430, 194.20

*850, 303,214.05

578,694,545.66

461,876,038.42

711,430, 194.20

52,667,508.46
*40, 451,849.06
*49,913,038. 07

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

*62, 962,643.73
*48,978,298.04
* 51,961,755.76

700,638,360.88
690, 471,139.59
651, 188,632.29

* 143,032,395.59

103,661,135.62

* 163,902,697.53

651, 188,632.29

*46,659,287.64
32,795, 580. 10
* 19,287,773.90

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

50,406,558.70
*42,853,068.60
*41,119,489.74

620,480,934.90
606,069.350.82
590, 163,691.80

*98,742,641.64

73,354, 176.55

* 134,379,117.04

590, 163,691.80

38, 623, 527. 28
104,704, 384.66
11,351,681.85

19,854, 267.78
38,931, 809. 19
15,767,592. 57

31,973, 181.55
25,830,082.71
* 14,941,627.66

578,044,778.03
591, 146,504.51
591,972,469.42

154,679, 593.79

74,553,669.54

* 72,744,891.92

591,972,469.42

2,196, 194,845. 16

1,681, 124, 587. 39

* 1,089, 152, 117.97

591,972,469.42

* Revised.
1These figures have been adjusted on account of rescissions.
* Exclusive of repayments unallocated, pending advices, as of Sept. 30, 1934.

52

REPORT

OF

T H E

RECONSTRUCTION

FINANCE

CORPORATION

º

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Sept. 30, 1934, inclusive, by months and
classes—Continued
BU IL DIN G A N D L O A N ASSOCIATIONS (INCLUDING RECEIVERS)

* . ized
. .1 *

Month

|Amount disbursed Amountrepaid

A m o u n t o ut s t an d

ing at end of
period
-

$4,879,750.00
19, 106,083. 40
13,011,890.00
15,417,200.00
15,314,510.03
12,543,600.00
7,295,705.00
3,750,500.00
3,391,532.00
4,985,274.32

$2,430,500.00 -------------------10, 170, 186.68
$58,642.06
19,624,016. 39
409,878. 87
9,823,631. 19
535,840. 65
16,577,471. 48
1,205,474.10
12, 180,063. 17
1,561, 404.87
9,435, 115,28
1,253, 188.31
5,080,954.91
1,376, 330.52
3,830,807.59
1,618, 781.05
4,710,367.98
1,596,899.64

$2,430, 500.00
12,542,044.62
31,756, 182.14
41,043,972.68
56,415,970.06
67,034,628.36
75,216,555.33
81,133,206. 26
84,246,674.60

99,696,044. 75

93,863, 114.67

9,616,440. 07

84,246,674.60

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

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

85,370,839.55
87,383,618.88
86,474,099.20

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

4,294,724.89
2,849, 559.28
3,219,307. 24
1,691,000.00
1,841,231.87
1,804,847. 24
266,781.25
892,449.04
281,490.54
2,096,059.51
443,016.68
2,135,000.00

83,585,249.96
81,890,251.78
80, 138,351.88
78,054,696.19
75,242, 711.73
71,418,080.32
68, 166, 591.51
66,237,477.59

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

21,815,467.54

19, 187, 440.08

37,196,637.09

66,237,477, 59

17,606. 85
80,000.00
64,000.00

924,203.45
43,161.85
71,317. 92

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

62,819, 530.74
59,552, 142.43
55,224,953.54

78,921, 179.72

84, 831, 474.94

1934

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

Total, first quar
ter-------------

161,606.85

1,038,683. 22

12,051,207.27

55,224,953.54

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

265,000.00
36,000.00
500,000.00

42,815, 10
258,219.08
30, 551.50

5,298,844.38
5,742,590.91
*4,687,223.31

49,968,924.26
44,484,552.43
39,827,880.62

T o t a l,
quarter--------

801,000.00

331, 585. 68

*15,728,658.60

39,827,880.62

4, 149,354.04
5,624,805.42
22,302, 132.06

36, 178,526.58
30,553,721. 16
28,251, 589. 10

July------------------August-------September
T o tal, third
quarter--------|-------------------G r a n d total.------

122,474, 119. 14

500,000.00

a 12,076,291.52

28,251,589. 10

114,920, 823.65

*86,669,234. 55

28,251,589. 10

*Revised.

1These figures have been adjusted on account of rescissions.
* Exclusive of repayments unallocated, pending advices, as of Sept. 30, 1934.

R EPO RT OF T H E R EC ON ST RU CT IO N F INA NC E CORPORATION

53

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Sept. 30, 1984, inclusive, by months and
classes—Continued
INSURANCE COMPANIES

Mo n th

*

*
*
ized 1

Amount disbursed. Amountrepaid

A m o u n t outstand

ing at end of
period

$7,080,000.00
9,722,000.00
7,543,000.00
39, 120,500.00
3,833,500.00
4,523,700.00
3,370,500, 00
1,209,000.00
2,151,000.00
4,495,731.66

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

$74,400.00
17,991.37
378,115. 24
99,965. 64
409, 111.04
296,009. 69
924,791.50
,884.50
695,473.62
1,727,995.92

$6,561, 520.00
10,684,778.63
18,820,888.39
45,440, 166.58
49, 100, 805. 03
53,466,005.75
,934.62

83,048,931.66

68,037,618.92

5,588,738.52

62,448,880.40

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

976, 151.99
407,252.19
9,514,589.21
1,678,000.00
2,256, 149.25
947,098.39
1,238,304.75
535,
.00
382,000.00
355,888.94
389,503.38

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

62,902,363.17
63,060,481. 19
72,259,839.47
72,484,584.24
73,779,778.47
70,099, 187.79
68,023,617.89
68,242, 167.78
7,745,099.61
67,424,789.06
64,922,407.74
60,929,559.99

17,479,935.85

19,644,414.60

21, 163,735.01

60,929, 559.99

240,000.00
730,000.00
672,000.00

237,425.80
668, 104. 13
719, 100.00

4,897,331.31
2,878,747. 39
3,224,029.44

56,269,654.48
54,059,011.22
51,554,081.78

1,624,629.93

11,000, 108.14

51,554,081.78

20,095. 14
5,704.86

13,323,826.10
2,857,802.42
*835,205.22

38,250,350. 82
35,398,253.26
34,563,048.04

*17,016,833.74

34,563,048.04

2,039,300.98
1,160,799. 19
*641,505.20

32,523,747.06
31,362,947.87
30,721,842.67

964, 476.50

57.893. 494. 13

58,863, 849.29
62,448,880.40

1934

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

-

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

18,000.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25,800.00

-

-

-

T o tal, third
quarter---------

370,000.00

400.00

23, 841,605.37

30,721,842.67

Grand total.------

102,558,867. 51

89,332,863.45

*58,611,020.78

30,721,842.67

* Revised.
1These figures have been adjusted on account of rescissions.
• * Exclusive of repayments unallocated, pending advices, as of Sept. 30, 1934.

54

REPORT OF T H E

RECONSTRUCTION

FI NAN CE CORPORATION

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

classes—Continued
M O R T G A G E LOA N COMPANIES

M on th

January---------------February
M

Total, s e c o n d
quarter---------

Amoºthor

Am oun t disbursed

Am oun t repaid

Am ou nt outstand
ing at end of
period

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

$1,277,000.00 -------------------7,857,925.08
$38,159.93
5,177,732.43
,644.67
,954.74
353,976.95
7,782,289.38
1,550,425.82
3,184,891.92
1,426,741.85
2,951, 205.21
1,470,665.63
3,222, 581.36
2,018,482.23
023,729.34
1,317,632. 34
2,620,710.93
2,936,546.08

$1,277,000.00
9,096,765.15
14,064,852.91
66,035,830.70
72,267,694.26
74,025, 844.33
75, 506,383.91
76,710,483.04
77,416, 580.04
77,100,744.89

93,894,402.61

88,423,020.39

11,322,275.50

77,100,744.89

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

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

1,703,231.44
1,683, 530.66
767,237.17
3,572, 569,70
770,726.77
946,493.45
1,846,684. 17
3,795,422.98
2,307,788.41
4,832, 302.50
1,620, 207. 40
1,446,509.45

79, 525,098.85
109,873,010.79
113,413,898.87
110,361,340.09
110,318,337.80
155, 569,412.03
155, 155, 131.45
158,417,670.40
157,372,821.97
156,695,822.93
160,236,055.80
177,849,714.86

234,417,845. 44

126,041,674.07

25,292,704. 10

177,849,714.86

4,204,231.72
3,169,528. 92
*25,645,484.92

5,791, 110.00
1,016,365. 20
759, 553.54

4,697,383.04
12,644, 510.49
*6,977,900.26

178,943,441.82
167,315,296.53
161,096, 949.81

*33,019, 245.56

7,567,028.74

*24,319,793.79

161,096, 949.81

12,394,596.66
22,336,091.48
*2,860,043.60

29,718, 319.71
8,595, 143.62
5,599,873.49

3,341,573.73
*5, 200,019.66
*4,890,625.89

187,473,695.79
190,868,819.75
191, 578,067.35

*37,590,731.74

43,913,336.82

*13,432,219.28

191,578,067.35

1,628,500.00
3,184,092.28
3,378,631.44

4,631,301. 12
2,807,894.17
2,820,449.99

11,803, 589.87
25,674,801. 74
*3,592,226.15

184,405,778.60
161,538,871.03
160,767,094.87

Total, third quar
ter-------------

8, 191,223.72

10,259,645.28

- 41,070,617.76

160,767,094.87

Grand total.------

407,113,449. 07

276,204,705.30

* 115,437,610.43

160,767,094.87

* Revised.

1These figures have been adjusted on account of rescissions.

* Exclusive ofrepayments unallocated, pending advices, asofSept. 30, 1934.

REPORT OF TH E RECONSTRUCTION FINANCE CORPORATION

55

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1982, to Sept. 30,

1934, inclusive, by months and

classes—Continued
CREDIT UNIONS

Mo n t h

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

Anºther

148,555.00

Amo unt disbursed

138,789.41

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

Am oun t repaid

57,551.20

512,498.21

12,707.44
1,182.22
5,594. 39

499,790.77
498,608. 55
493,014. 16

19,484.05

493,014. 16

6, 736. 1

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

1,966,80

1,966.80

July-------------------August----------------September
Total, third
quarter-----------------------------|-------------------Grand total.------

622,967.80

580,854.21

Am oun t outstand
ing at end of
period

1.

•57,915.15

428,626.4%

*66,354.52

428,626.44

38,410.00
958. 03
* 824. 70

390,216.44
389,258.41
388,433.71

* 40,192.73

388,433.71

*192,420.50

388,433.71

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

* Exclusive ofrepayments unallocated, pending advices, as of Sept.30, 1934.

56

REPORT

OF

T H E

RECONSTRUCTION

FINANCE

CORPORATION

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

Mon th

Amoºthor.

A mo un t outstand
Am ou nt disbursed

Amoun t repaid

ing atend of
period

1932

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

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

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

Total

18,500,000.00

1933

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

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

January---------------FebruaryMarch-----------------

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

ig3,618,000.
Total, se con d
quarter--------

* 193,618,000.00

193,618,000.00
a262,372,291.94
8,507,051.27
3.316,630.48

a399,636,000.00

124,863,708.06
116,356,656.79
116,040,026.31

* 193,618,000.00

23.271, 195,973. 69

116,040,026.31

*387,236,000.00

* 3271, 195,973.69

116,040,026.31

1 These figures have been adjusted on account of rescissions.

*Includes $193,618,000 representing refinancing of loans previously made by the Corporation to Federal
land banks for different individual amounts, but in the same aggregate amount.
* Exclusive of repayments unallocated, pending advices, as of Sept. 30, 1934.
4 Represents refinancing ofloanspreviously made by the Corporation to Federal land banks for different
individual amounts, but in the same aggregate amount.

R EP O RT OF T H E

RECONSTRUCTION

FI N AN CE CORPORATION

57

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Sept. 30, 1934, inclusive, by months and
classes—Continued
JOINT-STOCK L A N D B A N K S

A m o u n t autho r

M on t h

ized 1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Am oun t disbursed

$775,000.00 -------------------$724,877. 11
190,000.00
5,000.00
305,000.00
134,339.47
150,000.00
286,592. 54
55,000.00
128,382.45
576,000.00
16,617. 55
595,000.00
168, 102.43
2,126,000.00
447,215.54
1,525,000.00
616,718.53

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,031.06
2,989.50
5,843.00
1,578.42
11,416.90
11,385.04
7,781.50

708,846.05
840, 196.02
1,126,269.66
1,248,809. 11
1,263,848. 24
1,420,533.77
1,856,364.27
2,465,301.30

518.90

6,297,000.00

2,527,845.62

62, 544.32

2,465,301.30

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

153,352.93
2,216,010.83
425,764.41
1,539,453.87
24, 170.65
258,000.
852,097.

6,942. 54
3,091.95
7,149.82
32,041.07
39,710.48
44,078.94
46,454.79
62,065.08
,536.90
46,200.63
142,172.67
235,092.30

2,611,711.69
4,824,630. 57
5,243,245. 16
6,750,657.96
7,535, 118, 13
7,749,039. 19
8,554,682.39
9,793,001. 21
10,416, 634.38
12,075,723.83
13,551, 515.99
14, 141,038.27

744,537.17

14, 141,038.27

752,526.68
478,487.62
2,038, 593.69

13,618,276.87
13, 158,452.27
11, 119,858.58

-

-

-

-

-

-

-

-

-

-

-

-

-

2,910,000.00
475,000.00

Total,

A mou nt outstand
ing at end of
period

A mou nt repaid

1.

383.
-

3,269,607.99

11,119,858.58

523,437.61
428,024.35
* 1,031,411. 11

10,596,420.97
10,168,396.62
9, 136,985.51

s eco nd
* 1,982,873. 07

9,136,985.51

670,321.06
833,327.58
* 134,592.82

8,466,664.45
7,633,336.87
7,695,963. 33

197,219.28

* 1,638,241.46

7,695,963. 33

15,393,767.34

27,697,804.01

7,695,963.33

quarter--------|--------------------|--------------------

Total, third quar
F -- -- - -- -- - -- -- - -- -- - -- -- -- - -- -- - -

Grand total.------

21, 103, 172.68

* Revised.

1These figures have been adjusted on account of rescissions.
* Exclusive of repayments unallocated, pending advices, as of Sept. 30, 1934.

58

REPORT

OF

T H E

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Sept. 30, 1934, inclusive, by months and
classes—Continued
FEDE RAL INTERMEDIATE CREDIT BANKS

A m o u n t ou tsta nd

Amoºthor

Mo nt h

Am oun t disbursed

Amou nt repaid

ing atend of
period

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

$9,250,000,00

$9,250,000.00

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

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

9,250,000.00

9,250,000.00

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

Grand total.------

9,250,000.00

9,250,000.00

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

A GR I CU L TU R AL CREDIT CO RPORAT IONS

1932

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

$21,200.00

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

216,438. 07
444,783.85
594,021.62
702, 129.04
1,194,785.15
135,809. 15
225,882.05

$1,000.00
20,200.00
18,650.
246, 515.87
400,621.07
534, 151.82
539,074.94
1,206,884. 22
276,909,98
212,619.43

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

3,619,850.98

3,456,627.33

1,082,310.40

2,374,316.93.

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

101,252.10
240,000.00
442,904.36
20,825.00
163,077.91
201,022.01
197,866.93
76,730.88
195,922.58
166,418. 12
41,805. 22
111,809. 20

155,952.10
2,647.85
244,722.72
131,280. 12
193,526, 26
139,539.54
279, 255.80
153,124. 13
175,878.58
185, 181.62
8,194.00
59,70S. 52

207,830. 11
167, 148.22
175,351.39
226,251.38
201, 001.35
142,751.44
254, 111.58
155,384.25
113,609.94
288,005.60
177,306.41
303, 275. 79

2,322,438.92.
2, 157,938. 55.
2,227,309.88
2,132,338. 62
2,124,863. 53
2,121,651.63
2, 146,795. 85.
2,144,535.73.
2,206,804.37
2,103,980. 39
1,934,867.98.
1,691,300. 71

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

1,959,634.31

1,729,011. 24

2,412,027. 46

25,491.70

242, 761.43
260,313. 12
79,566.22

1,474,030.98
1,213,717.86.
1,134, 151.64

582,640.77

1,134,151.64

281,713.85
102,087.82

902,437.79
800,349.97
800,349.97

April--------------------------------------M ay
4,802.05

356,814.61
352,082.06
285,914.76

$1,000.00.
.21,200.00
39,250.00
283,578.97.
681, 552.63
1,208,090.77
1,672, 714.73.
2,522,784. 34
2,447,612. 26.
2,374,316.93

º v v .

2, 186.90
2,647. 41
7,613.68
74, 450. 98

1933

January---------------FebruaryM ar c h- April--

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,691,300.71

1934

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

83,894.35

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

383,801, 67

800,349.97

118.23
552.85

23,955.26

800,231. 74
799,678.89
795,723.63.

24,626. 34

795,723.63

a4,465,406. 64

795,723.63

Total, third quar
ter-------------

Grand total.------

300,000.00 -------------------6,013,379.64

5,261, 130, 27

1 These figures have been adjusted on account of rescissions.
* Exclusive of repayments unallocated, pending advices, as of Sept. 30, 1934.

REPORT OF TH E RECONSTRUCTION FINANCE CORPORATION

59

TAB LE 7.-Amount of authorizations, disbursemenis, repayments and amounts
outstanding from Feb. 2, 1932, to Sept. 30, 1934, inclusive, by mo n t h s a n d
classes—Continued

-

REGIONAL AGRICULTURAL CREDIT CORPORATIONS
[Rediscounts]

M on t h

Amoºthor

A m o u n t outstand

A mou nt disbursed

A mo un t repaid

ing at end of
period

1932
IDecember--------------

$7,285,972.50

$5,372,062. 60

$655.03

$5,371,407. 57

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

7,285,972.50

5,372,062. 60

655. 03

5,371,407. 57

No ve mbe r-- -- --- -- --- December--------------

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

15,269,909.65
18,266,632.88
19,706,023.74
19,214,707. 12
23,262,884.81
17,813,925.71
22,287,256.46
3,798,852.57
2,454,622.40
2,762,700. 50
2,015,321.54
2,929,313. 74

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

153,386,252.64

149,782, 151. 12

125,268,410.43

29,885, 148.26

5,739,993. 04
5,708, 256.95
2,706,353.39

5,075,284.50
6,213,407. 61
3,151, 195.84

6,577,453.24
5,451,438.28
10,215, 590.51

28,382,979.52
29, 144,948.85
22,080,554. 18

14, 154,603.38

14,439,887.95

22,244,482.03

22,080,554.18

1, 164,925.89
227,324.30
943,267.89

949,023.95
148,713.81
282,680.28

8,734, 142.18
5,559,706.67
*2,536,248.77

14,295,435.95
8,884,443.09
6,630,874.60

2,335,518.08

1,380,418.04

*16,830,097.62

6,630,874. 60

733,276.66
350,570.69
243,266. 14

770,640.71
158,259.21
762, 747.35

1,235,772.65
1,677,537.10
*1,020,257.44

6, 165,742.66
4,646,464.77
4,388,954.68

1933
January---------------February-------------March-----------------

April------------------By------------------June-------------------

uly-------------------August----------------September------------October----------------

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

20,536,670.38
37,004,668.79
55,380,378.44
72,585,915.67
93, 196,251.77
106,536,246.83
115,925,085.59
91, 575,927.44
67,700,271.13
48,448, 162.63
34,566,244.96
29,885, 148.26

Total, first quar
ter-------------

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

Total, third quar
T -- -- -- -- -- -- -

1,327, 113.49

1,691,647.27

23,933, 567. 19

4,388,954.68

Grand total.------

178,489,460.09

172,666, 166.98

* 168,277,212.30

4,388,954.68

* Revised.
1 These figures have been adjusted on account of rescissions.
* Exclusive of repayments unallocated, pending advices, as ofSept. 30, 1934.

60

REPORT

OF

T H E

RECONSTRUCTION

FINANCE

CORPORATION

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

Mo n th

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

Total, s e c o n d
quarter--------July-------------------August
September

Amount
izedauthor
1

Am oun t disbursed

Am oun t repaid

Am oun t outstand
ing at end of
period

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

$470,990.00
1,659,550.00
1,214,017.01
2,549,078.00
1,315,563. 16
1,944,974.76
1,534,779.79
521,319.62
452,663.65
147,467.62

552, 119.55
1,574,457.21

$470,990.00
2, 126,031.31
3,319,798.91
5,732, 105.26
6,791,685.15
8,328,618. 50
9,359,156.09
9,274,590. 28
9,175,134.38
7,748,144.79

13,145,602.85

11,810,403.61

4,062,258.82

7,748,144.79

69,400.00
48,727. 17

1,453,586.08
919,864.29
397,576.56
359,976.98
343,254.35
366, 727.39
315, 517. 13
651,462. 14
243,334.89
284, 155.23
292,442. 13
453,647. 07

6,363,958.71
5,492,821.59
5,095,245.03
4,846,268.05
4,603,013. 70
4,352,286.31
4,036,769. 18
3,385,307. 04
3,141,972. 15
3,171,019. 19
2,878,577.06
2,424,929.99

758,329.44

6,081, 544.24

2,424,929.99

100,000.00

213,496.61
140,787.36
357,209.87

2,211,433.38
2,070,646.02
1,813,436, 15

100,000.00

711,493.84

1,813,436. 15

68,440.61

97,929.59
43, 547.64
* 32,917.94

1,715, 506. 56
1,671,958.92
1,707,481.59

68,440.61

* 174,395, 17

1,707, 481.59

89,570.05
5,020.24
*8,900.03

1,617,911. 54
1,612, 891.30
1,603,991. 27

* 103,490.32

1,603,991. 27

*11,133, 182. 39

1,603,991. 27

60,000.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25,559. 15 --------------------

-

.27
.41
.20
.43

Total, third quar
ter--------------

Grand total.------

25,559.15 -------------------14,449,962.00

12,737, 173.66

* Revised.

1These figures have been adjusted on account of rescissions.

* Exclusive ofrepayments unallocated, pending advices, asofSept. 30, 1934.

REPORT of T HE RECONSTRUCTION FINANCE CORPORATION

61

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1982, to Sept. 30, 1934, inclusive, by months and
classes—Continued
R A IL R O A D S (INCLUDING RE CE I VE RS A N D TRUSTEES)
A m o u n t o ut s t an d

A mou nt autho
ized 1

M on th

A mou nt disbursed

$46,975,757.00
13,812,000.00
37,931,457.00
60,923,538.00
54,239,972.00
16,392,085.00
12,798,583.00
21,293, 541.00
25,926,269.00
,226,000.00
8,915,891.00
337,435,093.00
3,000,000.00
19,449,922.00
5,297,828.00
11,906,583.00
23,200,000.00
6,950,000.00
-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,862,000.00
-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

744,252.00
-

-

-

-

-

-

-

-

-

-

-

74,410,585.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

500,000.00
100,000.00

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

Am oun t repaid

34,791,500.00

$1,147,952.00
18,816,333.00 -------------------,898,637.00
2,815,727.74
,824,813. 50
2,203,000.00
27,545,736.00
2,990,000.00
41,963,445.50
224,884.31
12,888,851.00
260,000.00
24,931,816.00
1,910, 500.00
,682,808.00
162,498,66
22,645,074.48
125,000.00
284,311,271.48

11,839,562.71

7,583,551.64
14,004.00
24, 510, 173.80
8,322,417.82
14,792,891.30
102,189.40
12,275, 136.31 |-------------------17,925,716.98
265,795.18
18,329,660.00
5,125,081. 20
1,302,600.00
24,073, 118.10
281,800.00
469,727.04
1,013,300.00
360,000.00
4,629, 207.30
6,226,901.36
3,319, 658.32
76,707. 61
3,819, 291.36
139,132.18

ing at end of
period

'965,805.00
73,782,138.00
86,865, 047.26
139,486,860.76
164,042,596.76
205,781, 157.95
218,410,008. 95
241,431,324.95
249,951,634.29
272,471,708.77
272,471, 708.77
280,041,256.41
296,229.012. 39
310,919,714.29
323, 194,850.60
,854,772.40
354,059,351. 20
331,288,833. 10
331, 100,906.06
331,754,206.06
,156,512.00
333,399,462.71
337,079,621.89

109,782,987.01

45, 175,073.89

337,079,621.89

3,697,480.00
4,495,623.00
103, 160.

51, 101.83
43,595. 61
100,000.00

340, 726,000.06
345, 178,027.45
345, 181, 187.45

8,296,263.00

194,697. 44

345,181, 187.45

115,580.00
104,880.00
9,034,862.55

363,003.00
341,414.24
347,525.41

344,933,764.45
344,697,230.21
353,384, 567.35

8,254,252.00

9,255,322. 55

1,051,942.65

353,384,567.35

1,000,000.00

1,122,500.00
906,800.00
221,386.59

59,648.98
12,180,674.29
* 108,037.50

354,447,418.37
343, 173,544.08
343,286,893. 17

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,000.000.00

2,250,686.59

212,348,360.77

343,286, 893. 17

421,699,930.00

413,896, 530.63

*70,609,637.46

343,286, 893. 17

* These figures have been adjusted on account of rescissions.

* Exclusive ofrepayments unallocated, pending advices, asofSept. 30,1934.

62

REPORT OF T H E RECONSTRUCTION

F INA NC E CORPORATION

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

outstanding from Feb. 2, 1932, to Sept. 30, 1934, inclusive, by months and
classes—Continued
PR OC ES SO RS O R DISTRIBUTORS W H O A R E SU BJE CT T O PROCES SING T A X E S

A m o u n t auth or
ized 1

Mo nt h

A mo u nt disbursed

Amount repaid

A mo un t outstand
ing at end of
period

7,333.69
7,333.69
14,150.38
13, 150.38
13,150.38

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

13,150.38

Total, s e c o n d

26,089. 27

567.68

26,816.69

2,473.37

14,718.06

* 12,244.69

2,473.37

S TA T E F U N D S C R E A T E D F O R T H E P UR PO S E OF INSURING R E P A Y M E N T O F
DEPOSITS O F PUBLIC M O N E Y s

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

5,887,715.88

5,887,715.88

January
FebruaryMarch-----------------

74,750.14

5,812,965. 74

324,650.95
433,516.88
892,b27.88

5,488,314.79
5,054,797.91
4,162,270.03

1,650,695.71

4, 162,270.03

1,518,737. 55
869,746.64
*801,057. 53

2,643,532.48
1,773,785.84
3,472,728.31

*3, 189,541. 72
$835,951.34
534,440.83
2261,655.71

3,472,728.31
2,636,776.97
2, 102,336. 14
1,840,680.43

Total, s e c o n d

Grand total.------

$8,387,715.88

$8,387,715.88

* 1,632,047.88

1,840,680.43

26, 547,035.45

1,840,680.43

* Revised.
1These figures have been adjusted on account of rescissions.
* Exclusive of repayments unallocated, pending advices, as of Sept. 30, 1934.

REPORT OF THE RECONSTRUCTION FINANCE CORPORATION

63

TABLE 7.-Amount of authorizations, disbursements, repayments and amounts
outstanding from Feb. 2, 1932, to Sept. 30, 1934, inclusive, by months a n d
classes—Continued
T O T A L , S E C T I O N 5d O F T H E

RE CO NST RU CT ION FINANCE CO RPO RAT IO N A C T

Anºther

Mo n th

1934
June-------------------

Total, s e c o n d
quarter--------

Amount disbursed

Amount repaid

Amou nt outstand
ing at end of
period

$924,500.00 ----------------------------------------|-------------------

-

924,500.00 --------------------|--------------------|-------------------3,198,900.00 --------------------|---------------------------------------4,414, 975.00
$273,840.00 -------------------$273,840.00
4,195,300.00
1,642,338. 27
*$353.08
1,915,825.19
11,809, 175.00

1,916, 178.27

353.08

1,915,825. 19

12,733,675.00

1,916, 178.27

* 353.08

1,915,825.19.

A L O R C O M M E R I C A L B U S I N E S SE S

$924,500.00 -----------------------------------------------------------924,500.00
3,198,900.00 --------------------|--------------------|-------------------4,397,350.00
$273,840.00
3,785,000.00
1,642,338.27
1,915,825. 19.

PURCHASES

OF

11,381,250.00

1,916, 178.27

a 353.08

1,915,825.19

12,305,750.00

1,916, 178.27

* 353.08

1,915,825.19

P A R T I C I P A T I O N S IN L O A N S T O
BUSINESSES

August

INDUSTRIAL

OR COMMERCIAL

$15,000.00
235,300.00
250,300.00 l------------------------------------------------------------

Grand total.------

250,300.00 --------------------|--------------------|--------------------

A G R E E M E N T S TO PURCHASE

º

R T I C I P A T I O N S IN L O A N S T O I N D U S T I R A L O R C O M
E RIC AL BUSINESSES

1934

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

$2,625.00 ----------------------|------------------|-------------------175,000.00 ----------------------|------------------|--------------------

Total, third quar
ter-------------

177,625.00 ----------------------|------------------|--------------------

Grand total.------

177,625.00 ----------------------|------------------|--------------------

1These figures have been adjusted on account of rescissions.

*Exclusive ofrepayments unallocated, pending advices, as ofSept. 30, 1934.

100435–34—5

64

RE POR T OF T H E

R ECON STR UCTI ON F I NA NC E CORPORATION

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

classes—Continued
TOTAL, E M E R G E N C Y RELIEF A N D C O N S T R U C T I O N A C T OF 1932, AS A M E N D E D

Mo n th

Amoºthor.

Amount disbursed

Amount repaid

Am oun t outstand
ing at end o
period

$3,000,000.00 -----------------------------------------------------------63,931,669.00
$3,947,884.00 $3,947, 884, CO
73,128,502.22
10,211,699.75
14, 159,583. 75
103,002,382.63
17,270,389.52
31,427,938. 72
22,939, 183.60
21,653,141.09
53,077, 538. S1
47,042,590.68
44,060,901.82
97,028,559. 23

January
FebruaryMarch-----------------

313,044, 328. 13

97,144,016.18

97,028,559. 23

58,662,318. 20
73,435,643.20
47,470,404.35
54,200,970.68
14,099,023.64
25,858,081.56
53,113,497.22
219, 295.58
2,022,500.00
*251,231, 180.24
153,500, 500.00
443,674.80

42,811,872.34
39, 810,807.21
43,943,082.50
47, 159,003.89
55,029,013. 59
6,497,833.23
11,258,722.89
6,012,631.30
7, 109,122.61
8,461,727.36
36,876,451.63
40,059,762. 69

144, 281. 14
60,759.60
126,566.04
110,270.37
541,557. 37
347,853.91
171,499.97
734, 781.32
617,821.80
147,991. 14
1,076,730.02
540, 541.82

324,798, 904. 24
330,948,883. 56
342,036, 106. 48
347,313,956.46
353,805, 257.27
362, 118,993.49
397,918, 715. 10
437,437,935, 97

*734,257,089.47

345,030,031. 24

4,620,654.50

437, 437,935,97

49,015,000.00
3,095, 124.63
887,000.00

77,648,863.36
32,244, 421.65
28,968,655.33

1,055,949.66
*8,029,914.17
*10,982,375.50

514,030,849.67
538,245,357. 15
556,231,636.98

52,997, 124.63

138,861,940.34

*20,068,239.33

556,231,636.98

375,000.00
860,000.00
250,484.94

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

6,677,928.34
*2,935, 768.96
*10, 113,836.92

561, 147.266.97
571,631,656.47
611,484,358.79

1,485,484.94

74,980,256.03

*19,727, 534.22

611,484,358.79

9,840,000.00
15,306, 183.59
250, 548,072. 15

32,702, 254.72
12,281,508.03
6,756,654. 70

72,964,727.68
51,050,714.43
*33,422,990.14

571, 221,885.83
532,452,679.43
505,786,343.99

139,696, 150. 43
179,446, 198. 04
223, 262,714. 5
270, 311, 448. 0 2

Total, first quar
ter-------------

Total,

s eco nd

Grand total.------

275,694,255.74

51,740,417.45

* 157,438,432.25

505,786,343.99

1,377,478,282.91

707, 756,661. 24

*201,970,317.25

505,786,343.99

* Revised.
1 These figures have been adjusted on account of rescissions
* Exclusive of repayments unallocated, pending advices, as ofSept.30,1934.

REPORT OF THE RECONSTRUCTION FINANCE CORPORATION

65

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Sept. 30, 1934, inclusive, by months and
classes—Continued
S E L F - L I Q U I D A T I N G P R O J E C T S - S E C . 201 a), T I T L E II ( I N C L U D I N G L O A N S F O R
FiNANCING REPAIR OR RECONS TRUCTI N OF BUILDINGS D A M A G E D BY E A R T H
Q U A K E , FIRE , T O R N A D O , O R C Y C L O N E I N 1933)

A mou nt author
ized i

M on t h

Am oun t disbursed

-

-

-

-

-

$360,000.00 -------------------15,377,000.00 --------------------

,000.
15,737,000.00

145,775, 534.24

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

15,737,000.00

-

84,988, 207.26

47,866,409.65

152, 175.00

63,451,234.65

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

363,436.46
2,344,825.00
1,023,767.50

71,496, 569.73
71,217, 231.26
80, 195,180.68

20,475, 974.99

3,732,028.96

80, 195,180.68

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

54,023.74
620,654.02
*44, 537.55

82,666,201.82
88,444,760.36
93,003, 820.69

13,527,855.32

*719,215.31

93,003,820.69

3,611,629.67
11,333,497.05
4,038,254.76

582,251.39
208,083.43
3 129, 112.50

96,033, 198.97
107,158,612.59
111,067, 754.85

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22, 180.24
- - - - - - - - - - - - - - - - - - - -

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2 124.63

Total, s ec on d
quarter---------

1484.94
-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,000,000.00
315,000.

Grand total.------

----------------------------------------------------------------------------$20,000.00
22, 100.00
15,675.00
22,900.00
5,150.00
50,325.00
11,525.00
4,500.00

-

21, 123.80

-

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

-

-

2,600,000.00
327,000.00
2,020,000.00
4,442,000.00
2, 125,462.06
2,924,819. 35
7,853,970.51
3,851,648. 18
6,740,302.08
7,552, 137. 13
3,992,943. 16
3,436,127. 18

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

-

Am oun t outstand
ing at end of
period

$53,105,000.00
79,932,880.00
4,324,744.00
8,412,910.24

8,945, 100.00
24,810,372.20
17,759, 425.35
5,001,678.47
2,784,525.64
25,683,801.56
-

Am oun t repaid

18,337,000.00
18,664,000.00
20,684,000.00
25, 126,000.00
27,231,462.06
30,134,181.41
37,972,476.92
41,801,225, 10
48,536,377.18
56,038, 189.31
60,019,607. 47
63,451,234.65

15,315,000.00

18,983,381.48

3919,447.32

111,067,754.85

246,079,351.07

116,590,621.44

3 5,522,866.59

111,067,754.85

*Revised.
1These figures have been adjusted on account of rescissions.
* Represents increases due to accounting adjustments in loans reviously authorized.
*Exclusive ofrepayments unallocated, pending advices, as of ept. 30, 1934.

§

66

REPORT

OF

TEIE

RECONSTRUCTION

FINANCE

CORPORATION

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

outstanding from Feb. 2, 1932, to Sept. 30, 1934, inclusive, by months and
classes—Continued
F I NA N C IN G OF E X P O R T S O F A G R I C U L T U R A L SURPLUSES, SEC. 201 (c), T I T L E II

M on th

Amoºthor

Am ou nt disbursed

Amou nt repaid

Am oun t outstand
ing at end of

period

$1,497, 503.38 |-------------------1,903,990.01 -------------------341,170.88
$55,857.49
257, 538.30
38,064. 59
609,080.03
17,636.57
2,533,445.78
135,975.72

$1,497, 503.38
3,401,493.39
3,686,806.78
3,906,280.49
4,497,723.95
6,895, 194.01

7,142,728.38

247,534.37

6,895, 194.01

2,233,987. 48
1,065,488.51
1,076,848.69

85,324. 07
56,803.84
78,009.67

9,043,857.42
10,052,542.09
11,051,381. 11

4,376,324.68

220,137.58

11,051,381. 11

1,332,210.82
489, 149.15
1,255, 575.38

68,904.96
53,770.84
*58,932.98

12,314,686.97
12,750,065. 28
13,946,707.68

Total, first quar
er - -- -- - -- - -- -- - -- - -- -- - -- - -- -- - -- -

Total, s e co n d
quarter--------|--------------------

Grand total

52,880, 542.80

3,076, 935.35

*181,608.78

13,946,707.68

4,216,643.84
32,688.33
180,062.29

2,978,223.37
342, 496.98
*101,811. 34

15, 185, 128. 15
14,875,319.50
14,953, 570.45

4,429,394.46

*3,422, 531.69

14,953,570.45

19,025,382.87

14,071,812.42

14,953, 570.45

* Revised.
1These figures have been adjusted on account of rescissions.
* Exclusive of repayments unallocated, pending advices, as of Sept. 30, 1934.

REPORT of T HE REConstruction FINANCE CORPORATION

67

TABLE 7.-Amount of authorizations, disbursements, repayments and amounts
outstanding from Feb. 2, 1932, to Sept. 30, 1934, inclusive, by m o n t h s a n d
classes—Continued
FINANCING OF A GR I C UL T U RA L

Amoºthor.

Month

cºgnities A N D

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

A m o u n t outstand

A mou nt disbursed

A mo un t repaid

ing at end of
period

1932

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

-

October--NovemberPecember--------------

-

$50,000,000.00 ----------------------------------------|-------------------1,500,000.00
474, 740.63
129,616.60
830,276.97
3,541.00
1,276,281.54
2,671, 563.44
158, 117.00
109,881. 40
1,324,517. 14
-

54,775,920.67

1,439,974.09

115,456.95

1,324,517. 14

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

281,802.20
438,000.00
60,000.00
225,329.43
55,000.00
174,280.00
262,250.00
190,000.00
2,022,500.00
*251, 229,000.00
153,500, 500.00
442, 551.00

32,302. 20
75,295.96
104,024.04
1,349,879.30
465,354.37
212,668.80
608,800. 95
110,290.93
27,649.65
652,051.93
32,274,428.44
34,090, 189.73

144,281. 14
60,759.60
126,566.04
110,270.37
186,657.37
194,508.91
155,824.97
385,441. 32
379,314.31
59,601. 55
1,047,568.45
400,066. 10

1,212, 538.20
1,227,074.56
1,204, 532.56
2,444, 141.49
2,722,838.49
2,740,998.38
3, 193,974.36
2,918,823.97
2,567, 159.31
3,159,609.69
34,386,469. 68
68,076, 593.31

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

*408,881,212.63

70,002,936. 30

3,250,860. 13

68,076,593.31

49,015,000.00
3,095,000.00
887,000.00

67,006, 104.34
29, 113,446.61
17,890,089.72

607, 189.13
*5,616,335.33
*9,869, 478.33

134,475, 508.52
157,972,619.80
165,993,231. 19

52,997,000.00

114,009,640.67

*16,093,002.79

165,993,231. 19

375,000.00
860,000.00
250,000.00

7,736,302.63
6,531,796.75
44,107,365.98

6,461,449.64
*1,924,494.10
"9,991,378.87

167,268,084. 18
171,875,386.83
205,991,373.94

1,485,000.00

58,375,465.36

*18,377,322.61

205,991,373.94

9,840,000.00
306, 183.59
250,233,072. 15

24,873,981.21
915,322.65
2,538,337.65

69,399, 252.44
,487, 134.02
*32,895,016.30

161,466, 102.71
111,894,291.34
81,537,612.69

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

Total, first quar
ter-------------

Total, s e c o n d
quarter-------July-------------------August-----------------

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

Total,thirdquar
ter-------------

260,379,255.74

28,327,641.51

*152,781,402.76

81,537,612.69

Grand total.-----

*778, 518,389.04

*272,155,657. 93

2,3,190,618,045. 24

81,537,612. 69

* Revised.
1 These figures have been adjusted on account of rescissions.
* Exclusive ofrepayments unallocated, pending advices, as of
30, 1934.
* Includes authorizations of $704,000,000 to the commodity cred t corporation, of which $262,514,054.91
was disbursed and $186,083,663.59 was repaid.

º:

68

REPORT of T HE RECONSTRUCTION FINANCE corpoRATION

TABLE 7.—Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Sept. 30, 1934, inclusive, by months and
classes —Continued
A M O U N T S M A D E A V A I L A B L E F O R R E L I E F A N D W O R K R E LI E F , SEC. 1, T I T L E I

M on th

A mo u nt authorized 1

A mo un t disbursed

A mo un t repaid

A mou
ingnt
atoutstand
end of
-

period

1932

July-------------------August
Septemberctober---

$3,000,000.00 -------------------13,931,669.00
18,523,502. 22
10,211,699.75
22,594,762.00
16,818,809. 40
18,484,823.00
20,462, 864. 12 35,958, 117.00
28,525,784.82

N o v e mb e r D e c em b e r

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

112,492,873. 22

79,967,042.09

1933

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

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

40, 179,570.14
,408, 511
41,819,058.46
41,367,124.59
52,438, 197. 16
3,360,345.08
1,298,448.05
146,702.18
September-------------|--------------------|--------------------

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

326,440.00
177,500.00

120, 146,612.23
159,555,123.48
201,374, 181.94
242,741,306. 53
294,844,603.69
298,073,703.77
299,372, 151.82
299, 192,414.00
299,014,914.00

970,085.00

299,014,914.00

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

187,507, 126.78

220,017,956.91

299,014,914.00
299,002, 964.00
298,991, 844.00
298,991,844.00
-

336,850.00
*18,987. 52

Grand total.------

300,000,000.00

299,984,999.00

298,898, 294.00
298,561, 444.00
298,542, 456.48

*449,387. 52

298,542,456.48

5,000.48
13,000.00
a297,050.00

298,537, 456.00
298,524,456.00
298,227,406.00

*315,050.48

298,227.406.00

* 1,757, 593.00

298,227,406.00

*Revised.
1 These figures have been adjusted on account ofrescissions.

* Exclusiveofrepayments unallocated, pending advices, asofJune 30, 1934.

REPORT of T HE REConstruction FINANCE CORPORATION

69

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

outstanding from Feb. 2, 1932, to Sept. 30, 1934, inclusive, by months and
classes—Continued
T O T A L , A C T A P P R O V E D M A R . 9. 1933, A S A M E N D E D

M o nt h

*

*
*
ized 1

Amount disbursed Amountrepaid

A mo un t outstand
ing at end of
period
-

$14,932,500.00
7,600,000.00
16,597,500.00
8,188,000.00
14,798,000.00
3,471,000.00
4,385,000.00
30,965,000.00
89,888,000.00
*306,031,000.00

$12,750,000.
7,582,500.
5, 150,000.
17,985,500.00
8, 185,000.00
7,677,500.00
3,776,000.00
2,990,000.00
44, 155,000.00
154,094,716.67

32,734.37
109,910.25
3,109.41

$12,750,000.00
20,332,500.00
25,482,500.00
43,463,315.00
51,642,081.97
59,318,680.22
63,094,630.22
66,051,895.85
110,096,985.60
264,188,592.86

*496.856,000.00

264,346,216.67

157,623.81

264,188,592.86

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

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

191, 165.00
109,449.18
79,571.67

410,471,827.86
465,080, 128.68
593,039,897.01

435,756,600.00

329,231,490.00

380,185.85

593,039,897.01

30,457,300.00
*48,629,400.00
35,931,820.00

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

560,291.50
153,717.31
*1,386,673.43

656, 176,690. 51
704,015,528. 20
814,664,285.02

*115,018,520.00

223,725,070.25

*2,100,682.24

814,664,285.02

16,277,950.00
27,516,700.00
13,346,525.00

21,434,472.50
26,147,230.82
25,890,041.66

54,897,244.06
4,222,916.15
*1,355,971.51

781,201,513.46
803, 125,828. 13
827,659,898.28

,685.00
6,233.03
901.75
50.00

Total, first quar
er - -- -- - -- -- - --

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

Total, third quar
ter-------------

57, 141,175.00

73,471,744.98

260,476,131.72

827,659,898.28

Grand total.------

1,104,772,295.00

890, 774,521.90

263, 114,623.62

827,659, 898.28

* Revised.
1 These figures have been adjusted on account of rescissions.
* Exclusive of repayments unallocated, pending advices, as of Sept. 30, 1934.

70

REPORT OF T H E

RECONSTRUCTION

F IN AN CE CORPORATION

TABLE 7–Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Sept. 30, 1934, inclusive, by months and

classes—Continued
LOAN S O N P R E F E R R E D ST OCK OF BA NK S A N D TR U S T COM PA NI ES

Am oun t author
ized 1

Mo nt h

A mo un t disbursed

$1,250,000.00
-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

32,734.37
22,610.25
3, 109.41

$250,000.00
250,000.00
1,250,000.00
12, 180.315.00
12,214,081.97
12,765,680 22
12,941,630.22
13,483,895.85
13,461,285.60
14, 287,776. 19

70,323.81

14,287,776. 19

166. 165.00
9,449. 18
59,571.67

14,431,611.19
14,744,662.01
16,159,090.34

-

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

650,000.00
-

January---------------February
Mar ch
-

quarter---------

-

-

-

-

-

-

-

-

-

-

176,000.00

50.

575,000.00
545,000.00 -------------------1,578,000.00
829,600.00

-

-

-

-

-

-

-

-

-

-

-

-

Am oun t outstand
ingperiod
at end of

Amount repaid

-

-

17.199,500.00

14,358, 100.00

1,781,350.00
4,921,750.00
2,665,500.00

310,000.00
322,500.00
1,474,000.00

9,368,600.00

2,106,500.00

235, 185.85

16,159,090.34

531,500.00
*993, 400.00
1,123,500.00

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

270,291.50
143,717.31
* 225,673.43

16,665,698.84
19,041,281. 53
21,347, 563. 10

* 2,648, 400.00

5,828, 155.00

* 639,682.24

21,347,563. 10

434,450.00
339,200.00
408,525.00

819,850.00
253,000.00
314,500.00

405,494.06
24,066.15
* 15,971.51

21,761,919.04
21,990,852.89
22,289,381.38

t

Total, third quar
ter-------------

1, 182, 175.00

1,387, 350.00

2445, 531.72

22,289,381.38

Grand total.------

30,398,675.00

23,680, 105.00

* 1,390,723.62

22,289,381.38

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

* Exclusiveofrepayments unallocated, pending advices, as of Sept. 30, 1934.

REPORT of T HE REConstruction FINANCE CORPORATION

71

TABLE 7–Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Sept. 30, 1934, inclusive, by months and
classes—Continued
SUBSCRIPTIONS F OR P R E F E R R E D S T O C K OF B A N K S A N D T R U S T C O M P A N I E S
t

t

M on th

Amoºthor

1933

Amount disbursed

Amount repaid

Am oun t outstand
ing at end of
period

|

March----------------April------------------May------------------June------------------July-------------------August----------------September------------October---------------November------------December--------------

$13,682,500.00
7,400,000.00
9,012,500.00
4,838,000.00
12,682,500.00
2,845,000.00
3,735,000.00
5,925,000.00
17,753,000.00
177,752,100.00

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

$12,500,000.00
20,082, 500.00
24,232,500.00
31,083,000.00
39,228,000.00
45,853,000.00
49,453,000.00
51,868,000.00
55,895,700.00
132,910,816.67

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

255,625,600.00

132,998, 116.67

132,910,816.67

94,669,500.00

227,555,316.67
257,438,316.67
354,918,006.67

143,142,100.00
51,865, 500.00
78,792, 500.00

25,000.00
50,000.00
97,479,690.00 --------------------

-

29,933,000.00

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

|

273,800, 100.00

222,082, 190.00

25,730,800.00
41,870,500.00
28,023,820.00

39,203,685.00
19,601,755.00
84,632,475.25

95,625, 120.00

143,437,915.25

250,000.00

498, 105,921. 92

13,023,500.00
11,278,500.00
11,073,000.00

18,067,622. 50
18,769,230.82
13, 145,541.66

394,250.00
1,779,350.00
1316,000.00

515,779,294.42
532,769, 175.24
545,598,716.90

35,375,000.00
Grand total.------

660,425,820.00

49,982,394.98 |
-

548,500,616.90

75,000.00

354,918,006.67
393,871,691.67
413,473,446.67
498, 105,921.92

22, 489,600.00
22,901,900.00

1 These figures have been adjusted on account of rescissions.
2 Exclusive of repayments unallocated, pending advices, as ofSept. 30, 1934.

545,598,716.90
545, 598,716.90

72

REPORT of THE REConstruction FINANCE corpoBATION

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Sept. 30, 1934, inclusive, by months and
classes—Continued
PURCHASES OF CAPITAL NO TES O R

*

M on th

*

Pºtubes

OF BA N KS A N D TR US T C O M

A mo un t outstand
ing at end of

Amount disbursed. Amountrepaid

ized 1

-

period

-

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

71,590,000.
* 126,700,000.00

110,525,900.00
18,727,000.00
23,335,000.00

Total,

-

-

-

-

-

-

-

$300,000.00

200,000.00
700,000.00
700,000.00
700,000.00
,740,000.00
116,990,000.00

-

*224,030,900.00 |

-

116,990,000.00 ----------------

-

-

-

-

51,494,900.00 -------------------24,462,250.00
$50,000.00
29,085,650.00
20,000.00

116,990,000.00
168,484,900.00
192,897, 150.00
221,962,800.00

152,587,900.00

105,042,800.00

70,000.00

221,962,800.00

4,195,000.00
5,765,500.00
6,784,500.00

23,716,500.00
25,871,500.00
24,871,000.00

40,000.00
*1,161,000.00

245,639,300.00
271,500,800.00
295,210,800.00

16,745,000.00

74,459,000.00

*1,211,000.00

295,210,800.00

2,820,000.00
15,899,000.00
1,865,000.00

2,547,000.00
7,125,000.00
12,430,000.

54,097,500.00
2,419,500.00
21,024,000.00

243,660,300.00
248,365,800.00
259,771,800.00

10.000.00

second

ter-------------

20,584,000.00

22, 102,000.00

*57,541,000.00

259,771,800.00

Grand total.------

413,947,800.00

318, 593,800.00

*58,822,000.00

259,771,800.00

* Revised.

* These figures have been adjusted on account of rescissions.
* Exclusive of repayments unallocated, pending advices, as of Sept. 30, 1934.
TOTAL, A G R I C U L T U R A L A D J U S T M E N T

A C T O F 1933

[To Secretary ofAgriculture to acquire cotton, sec.5, titleI)

REPORT of THE RECONSTRUCTION FINANCE coBPORATION

73

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Sept. 30, 1934, inclusive, by months and
classes—Continued
TOTAL, E M E R G E N C Y

FARM

MORTGAGE

ACT

O F 1933

[Drainage, levee, and irrigation districts, sec.36, title II]

M on t h

Amoºthor

Amo unt disbursed

Am oun t repaid

A mo un t outstand
ing at end of
period

$383,489.21

$2,413,955,10||I

*8,374,284.83

I

I

.

$2,413,955.Io

*8,757,774.04

2,413,955.10 --------------------

10,868,045. 40
*3,962,782.73
6,544,426.75

110,943.34 --------------------

2,413,955. 10
2,413,955. 10
2,524,898.44

110,943.34 --------------------

2,524,898.44

-

2,413,955. 10

Total, first quar
ter-------------

*21,375,254.88
1,001,118.75
7,629,576. 10
*9,074,000.00

Total,

118,000.00
1,513,198.99 |480,294.74

2,642,898.44
4,156,097.43
4,636,392.17

*17,704,694.85

2,111,493.73 l--------------------

4,636,392.17

14,526,650.00
1,098,000.00
11,925,200.00

3,528,608. 65 |-------------------1,017,407.80
$44.09
296,429.81
(2)

8,165,000.82
9,182,364.53
9,478,794.34

second

Total, third
quarter---------

27,549,850.00

4,842,446.26

244.09

9,478,794.34

Grand total.------

75,387,573. 77

9,478,838.43

* 44.09

9,478,794.34

T O T A L , A C T A P P R O V E D J U N E 10, 1933
1

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

$4,375,000.00

$4,375,000.00 --------------------

$4,375,000.00

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

4,375,000.00

4,375,000.00 --------------------

4,375,000.00

1934

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

4,375,000.00
4,375,000.00
4,375,000.00
4,375,000.00
15,875,000.00
15,875,000.00
15,875,000.00

Total. second
quarter--------

7,500,000.00

11,500,000.00 --------------------

15,875,000.00

$90,000.00
10,100,000.00 -------------------September----------------------------------------------------(2)

15,785,000.00
25,885,000.00
25,885,000.00

July--------------------------------------A
t------10,100,000.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total, third quar
ter-------------

10,100,000.00

10,100,000.00

*90,000.00

25,885,000.00

Grand total.------

29,475,000.00

25,975,000.00

*90,000.00

25,885,000.00

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

* Exclusive ofrepayments unallocated, pending advices, as ofSept. 30, 1934.

74

RE PO RT OF T H E

RECONSTRUCTION

F INA NC E CORPORATION

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

*

M on th

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

*

Am oun t outstand
ing at end of
period

Amount disbursed. Amountrepaid

ized 1

933

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

$4,375,000.00

$4,375,000.00 --------------------

$4,375,000.00

4,375,000.00

4,375,000.00 --------------------

4,375,000.00

January-----------------------------------February--------------|-------------------March----------------7,500,000.00
-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,375,000.00
4,375,000.00
4,375,000.00

7,500,000.00

4,375,000.00

4,000,000.00
3,500,000.00

15,875,000.00
15,875,000.00
15,875,000.00
15,875,000.00
10,000,000.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

$90,000.00
--------------------

t

15,785,000.00
25,785,000.00

(2)

25,785,000.00

Total, third quar
ter-------------

10,000,000.00

10,000,000.00

190,000.00

25,785,000.00

Grand total.------

29,375,000.00

25,875,000.00

a90,000.00

25,785,000.00

SUBSCRIPTION F OR P R E F E R R E D S T O C K OF I N S U R A N C E C O M P A N I E S

1934

July-----------------------------------------------------------|--------------------|-------------------August----------------$100,000.00
$100,000.00 -------------------$100,000.00
September----------------------------------------------------(?)
100,000.00
Total, third quar
ter------------100,000.00
100,000.00
(?)
100,000.00
Grand total.------

100,000.00

100,000.00

(?)

|

100,000.00

T O T A L , A C T A P P R O V E D A P R . 13, 1934

[Loans tofinance the acquisition ofproperty declaredunsafe, orthe repairofproperty damaged, by reason
offlood,danger offlood,earthquake, conflagration, tornado, orcyclone,in 1933,and inJanuary and Feb
ruary of 1934

-

1934

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

$600,000.00 l--------------------|--------------------|--------------------

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

600,000.00 --------------------|---------------------------------------$27,690.00 -------------------78,700.00 -------------------9,650.00
(?)
|

$27,690.00
106,390.00
116,040.00

Total, third
quarter---------

1,550,000.00

116,040.00

(1)

116,040.00

Grand total.------

2, 150,000.00

116,040.00

(2)

116,040.00

T O T A L , A C T A P P R O V E D J U N E 19, 1934

[Loan to publicschoolauthority forthe payment ofteachers'salaries]
August----------------$22,500,000.00
$22,300,000.00 -------------------September-------------|--------------------|-------------------(2)
Total, third
quarter-------22,500,000.00
$22,300,000.00
(2)
Grand total.------

22,500,000.00

22,300,000.00

(2)

1These figures have been adjusted on account of rescissions
*Exclusive of repayments unallocated, pending advices, as ofSept.30,1934.

$22,300,000.00
22,300,000.00
22,300,000.00
22,300,000.00

REPORT OF T HE RECONSTRUCTION FINANCE CORPORATION

75

TABLE 8.—Number ofborrowers and amounts ofloans authorized under sec. 5 ofthe
Reconstruction Finance Corporation Act, as amended,1 Feb. 2, 1932, to Sept.
30, 1934, inclusive, by size of cities or towns
BANKS A N D TRUST COMPANIES
Borrowers
Population of cities or

.." which borrowers are
ocate

Under 5,000-------------------------------------------5,000

N um b er

Percent
of total

5,131

70.6

573
529
249
211
163
105
146
163

7. 9
7.3
3.4
2.9
2.2
1.5
2.0
2.2

10
25

50,
100
200
500

1,000
Total.--------------------------------------------

7,270

E
ild e r

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13.4
4.7
7. 5
5.7
11.3
9.0
10.3
17.9
20.2

100.0 | 2,196,194,845. 16

100.0

61.2

684
727
417
383
272
358
312
279

7.7
8.2
4.7
4.3
3.1
4.1
3.5
3.2

8,848

100.0

,000,000 a n d
-

Percent
of total

$293,069,992.92
102,964,054.69
165,375,800. 16
125,965, 110.01
248,890,886.88
197,205,668.35
225,345,027.29
392,883,445. 39
444,494,859.47

5,416

:
#

-

Amount

C O R P O R A T I O N A CT , A S A M E N D E D

9,999

-

Authorizations

$320,634,422.75
114,071,437.49
197, 157,102.76
161,672,032.97.
303,141,087.70.
250,904,389. 57
326,890,985.29
563,265,497.81
641,207,611.81
2,878,944, 568. 15

11.1
4.0
6.8
5.6
10.8
8.7
11.3
19.5
22.2
100.0

* Exclusive of railroads,regional agricultural credit corporations, Federal land banks, and Federalinter

mediate credit banks.

TABLE 9.—Names and compensation of directors, officers, and employees of the
Reconstruction Finance Corporation receiving from the corporation more than
$400 per month, as of Sept. 30, 1934
W A S H I N G T O N OFFICE

Name

Basic
Net
Salary per salary per
month
month

Title

Jones, Jesse H---------------- Chairman------------------------------------------Henderson, Charles B.-------- Director---

jºiam & B.T...I.I.I.I.L.do---

.33
833. 33
833.33
833. 33

$791.67
791.67
791. 67

Taber, Frederic H------------|-----do----------------791.67
Talley, L ynn P-------------1,041.67 | 1,041.67
Reed, Stanley---------------- General counsel-------1,041.67 | 1,041.67
ooksey, George R----------- Secretary---833. 33
833.
Mulligan, H. A.--------------- Treasurer---833.33
Fitts, William C------------- Special counsel833.33
791.67
Alley, James B.--------------ounsel.--------833.33
791.67
Johnson, Ben----------------- Special assistant833. 33
791.67
Schwulst, E. B--------------------do------------------------833.33
791.67
Barriger, J. W., III----------833.33
791.67
Brownell, R. A.--------------- Chief, agency division---------833.33
791. 67
McKee, John K-------------- Chief, examining division--------------------------833. 33
791.67
Persons, Henry Z------------- Examiner------------------------------------------833.33
791.67
Taylor, R. J.------------------ Assistant chief, agency division--------------------800.00
760.00
Husbands, Sam-------------- Assistant chief, examining division-----------------791.67
752.08
Lindquist, R. J.--------------- Chief auditor--------------------------------------750.00
712. 50
Mandeville, Charles H. W.---| Examiner------------------------------------------750.00
712.50
Dougherty, J. L.-------------- Counsel--------------------------------------------708.33
672.92
N e w m a n , Harold W., Jr.------|-----do---------------------------------------------708.33
672.92
Klossner, H. J.----------------| Assistant chief, examining division-----------------708.33
672.92
Ribenack, W . C--------------|-----do---------------------------------------------708.33
672.92
Slacks, John W---------------|-----do---------------------------------------------708.33
672.92
Griffin, D. B.----------------- Assistant treasurer---------------------------------683. 33
649. 17
Herson, James F------------- Administrative assistant666.67
633. 33
McGrath, M . J.--------------- Examiner------------------------------------------666.67
633.33
-

-

76

REPORT OF THE RECONSTRUCTION FINANCE CORPORATION

TABLE 9.—Names, and compensation of directors, officers, and employees of the
Reconstruction Finance Corporation receiving from the Corporation more than
$400 per month, as ofSept. 30, 1934—Continued
W A S H I N G T O N OFFICE

N am e

Title

Basic
Salary

Net
salary per

mont

month

Schram, Emil---------------- Chief, drainage, levee, and irrigation division------Clay, Cassius M------------- Counsel-----------------------------------Corcoran, Th oma s G---------|-----

Cross, Guernsey T---rr, C. J.--------Gardner, Bunk------

Snodgrass, Russell L---------|-----'do----------------Baxter, No rma n W---Costello, W . C.---------------| Assistant to the chairman-------------Chadduck, Harry W - Kuehl, Frank W------

Laughlin, Reginald S-Elliott, David C---Kiesling, Robert J.------------|
Allen, Ronald H---Parks, Thomas E--Coit, Gladding B--------

Examiner---------------------------Assistant secretary--------------------Administrative assistant, agency division
Examiner------------------------------

Maynard, Benjamin C-------|-----do---------Sullivan, Harry L.----Keenan, Frank J.--Hobson, Alfred T-Parrish, Joel R.-Wilson, J. C.------------------|
Taylor, Tyre-------McCarthy, William
Rossman, Richard .
Unzicker, Willard ESullivan, William W. -Macartney, Morton--Augherton, George A-Berrett, R. W----Boggs, verner.III.
Boothe, Gardner L.,
Bryns, Miles J.-----Cloninger, C. W--Davis, Thomas
Fraser, J. A.------Greer, Frank H .
Johnson, W . J.-------

Assistant secretary-Assistant chief, exami
Examiner----------------------I ls el --- -- -- -- --- -

Assistant to Mr. TalleyExaminer----------Assistant treasurer
Examiner-----------

Assistant chief engineer-Examiner-----------

Marfield, C. Howard--

, W . O.------Ronan, Frank T
Stroud, W . E.---Toole, J. E.---Chase, Ralph K--Hamilton, Claude E.
Howell, David J.----Rowe, John A., JrKelly, Leo P- -Ward, M ax w e l Fort, James L.-Kelley, Jerome TDodds, Chauncey

$666.67

$633.33

666.67
666.67
666.67
666.67
666.67
666.67
666.67
666.67
625.00
625.00
625.00
625.00
625.00
625.00
625.00
625.00
625.00
616.67
600.00
600.00
583.33
583.33
583.33
566.67
566.67
558.33
550.00
550.00
541.67
541. 67
541.67
541.67
541.67
541. 67
541.67
541.67
541.67
541.67
541.67
541.67
541.67
541.67
541.67
541. 67
541. 67
541.67
541.67
533.33
525.00
516.67
500.00

633.33
633.33
633.33
633.33
633.33
633.33
633.33
633.33
593.75
593.75
593.75
593.75
593.75
593.75
593.75
593.75
593.75
585.
570.00
570.00
554, 17
554.17
554.17
538.33
538.33
530.42
522. 50
522. 50
514.58
514.58
514.58
514.58
514.58
514.58
514.58
514.58
514.58
514.58
514.5s
514.58
514.58
514.5s
514.58
514.58
514.58
514-5S
514.58
506.67
498.75
490.83
475.00

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

475.00
475.00
475.00
475.00
475.00
475.00
475.00
475.00
475.00
475.00
475.00
475.00
475.00
475,00
475.00
475.00
475.00
475.00
475.00
475.00
475.00
475. 00
475.00

- Chief examiner, drainage, levee and irrigation di
vision.

Swift, W . E.-----------------Roper, James H--Armistead, Robert
Bassett, Albert E.---Blair, Smith-----Gelbach, Loring L
Griffin, Charles NLaFever, Dwight Y

Moore, Hilton M.
Moore, Milton KO'Bleness, E. J.--Rochelle, William JSeabury, R. M----Seeley, Harold J.---Watson, William PWebb, George T---Farrell, Edward A-g accountant-----------------------------1
Young, R. D.----Chief, recording section-----------------------------|
Henry, John LSpecial representative-------------------------------|
Williams, T.A.---------------|----- 0 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Oddie, Tasker L---------| Special field representative--------------------------|
Bowen, Charles C------------| Assistant to Mr. Henderson-------------------------

500.00
500.00
500.00
500.00

500.00
500.00

REPORT of THE REConstruction FINANCE coRPORATION

77

TABLE 9.—Names, and compensation of directors, officers, and employees of the
Reconstruction Finance Corporation receiving from the Corporation more than

$400 per month, as ofSept. 30, 1934–Continued
W A S H I N G T O N O FFI CE –Co nti nu ed

N a me

Title

Basic
Net
salary per salary per
month

Hoeltzel, Lloyd C------------ Assistant to Mr. Taber-----------------------------. $500.00
Smith, Elbert L.
- Assistant to Mr. Couch----------------------------500.00
Henry, Heber-Counsel---------------------------------------------1 500.00
Koplin, Alex--500.00
Lapsley, John W 500.00
Wolford, Albert M 500.00
Woodall,
491. 67
Shields, Leighton475. 00
Russell, Le
466.67

Byrd, Percy---Satterfield, W . RClayton, Laurance J
Dickinson, R. G---Howard, Ernest B
Johnson, L. E.-----Lawrence, Donald E-Mielenz, Louis M.-Price, Jacob L---Stewart, Adelbert T
Talman, Carter--Tigrett, A. K.----Wadden, Th oma s A.
Kannee, Henry M-Beck, W . C., Jr.---ief, accounting and control section---------------Lescallett, George A
Chief, authorization-cancelation section--------------|
Grantham, J. P-----Assistant chief auditor-----------------------------Smith, Charles A.-------------|----- 0 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Bladen, W . H.-----Supervising accountant----------------------------Luther, Forrest--------- Appraiser------------------------------------------Galt, Alexander B------------ Assistant Secretary---------------------------------Knarr, M . W----------------- Assistant to the secretary--------------------------Coke, William H------------- Special representative------------------------------Baden, James H-------------- Examiner------------------------------------------Estes, George L.-------------Etheridge, Julian C---------Giddings, William C.--------Hermann, Herbert J.---------Hoover. James O.------------House, Perry B--------------Jenkins, H u g h Powell
Lawrence, Th om as L--------Lewis, Charles B.------------Frederic E-ack, Bryan----------Robertson, Hilton W

§.

§.

Stafford, Bayard
Strong, Albert L.

ullivan, Frank J.

wifett,wiiam E.
Armstrong, W . C.------------Fletcher,
Sabin, Samuel H-------------|----Rosenwald, Harold.----------Glueck, Nathan H-----------

£iºd
-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Randolph, Hollins N.---------|----Stansfield, Edgar A----------Wilson, Robert G------------|-----

Tracy, Frank T--------------

fclerk
Reilly, Ed war d J------------- Administrative assistant, agency division----------Easley, Robert J.------------- Appraiser------------------------------------------Mashburn, L. W------------d
Meredith, P.C.--------------Parnell, Harvey-------------Ralls, Frank C--------------Wagner, Walter D

Worthington, L. S
McGinty, W. G-------------Hamilton, T.A.--------------

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
450. 00
450.00

450.00
450.00
450.00
450.00
450.00
433. 33
433.33
416.67
416.67
416. 67
416.67
416.67
416.67
416.67
416.67
416.67
416. 67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416. 67 ||
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416.67
416. 67
416.67
416.67
416.67
416.67
416.67
416.67

(1)

month

75.00
475. 00
475.00
475.00
475.00
475.00
467. 0.8
451.25
443.33
-

435. 40
435. 40
435. 40
435. 40
435. 40
435. 40
435. 40
435. 40
435. 40
435. 40
435. 40
435. 40
427. 50
427. 50
427. 50
427. 50
427. 50
427. 50
427. 50
411. 67
411. 67
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83
395.83

(1)

* Employed on per diem basis at $25 per day, less 5 percent, effective Sept. 5, 1934. Compensation for

September, basic rate,$575less5percent, $546,25.

78

REPORT OF T H E

RECONSTRUCTION

F INA NC E CORPORATION

TABLE 9.—Names and compensation of directors, officers, and employees of the
Reconstruction Finance Corporation receiving from the Corporation more than
$400 per month, as of Sept. 30, 1934–Continued
L O AN AGENCIES 2

Basic
Name

salary

Title

per

month

month

Atlanta, Ga.:
Cocke, Erle--------------- Manager-------------------------------------------- $625.
Chadwell, W . A.---------- Assistant manager
416.67
Birmingham, Ala.: Cotting- || Manager-------------------------------------------600.00
ham, T. J.
Boston, Mass.:
Osgood, Edward H-------|----- 0 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --! 833.33
Jones, Ralph B.-Assistant manager---------------------------------541. 67
Hagerty, John J.----------|-----do----------------------------------------------500.00
Scott, William N.--------- Examiner------------------------------------------458.33
Charlotte, N. C.: Campbell, Manager-------------------------------------------500.00
John A., Jr.
Chicago, Ill.:
Gallagher, F. D.----------|----- 0 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 833.33
Buckley, E. FAssistant manager---------------------------------.
750.00
Black, Craig 0---------------- 0 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 625.00
Ernst, D. W--Chief, closed bank division-------------------------625.00
Walker, Lee--Attorney-------------------------------------------625.00
Best, James M-----------|-----do----------------------------------------------500.00
Gregson, William F.-! Examiner------------------------------------------500.00
Hoel, M . O.-----Attorney-------------------------------------------500.00
Mudgett,C.F.-Examiner-500.00
Sherriff, Andrew R--Attorney-------------------------------------------500.00
Murchison, Frank M.
Assistant chief, closed bank division----------------500.00
Standish, M .
Assistant tothe manager------------- - - - - - - - - - - - - - - 500.00
Townsend, Bruce-Field representative--------------------------------500.00
Anderson, George S.-Examiner------------------------------------------458.33
Walters, Harold SAttorney-------------------------------------------450.00
Davis, Ross----Field representative--------------------------------416.67

(iii.CharlesR.

Examiner-------------------------------------------

Smith, James C----------|-----do----------------------------------------------Tuohy, Arthur-----------|----- do----------------------------------------------Cleveland, Ohio:
Callander, F. S.----------- Manager-------------------------------------------Davies,
Assistant manager---------------------------------Wadsworth, J. L.---------|----- 0 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Killpack, James M------- Chief, closed bank division--------------------------

-

Dallas,Texas: Andrews, War. Manager-------------------------------------------ren

Net
salary

per

416. 67 ||
416.67
416.67

$593.75
395.83
570.00

791.67
514.58
475.00
435.40
475.00

791.67
712.50
593.75
593.75
593.75
475.00
475.00
475.00
475.00
475.00
475.00
475. 00
475. 00
435.40
427. 50
395.83
395.83
395.83

395.83

750.00
541.67
500.
500.00
700.00

712.50
514.58
475.00
475.00
665.00

833.33
500.00
583.33
416.67
500.
500.00

475.00
554.17
395.83
475.00
475.00

833. 33
500.00
666.67

791.67
475.00
633.33

500.00
500.00

475.00

625.00
416.67

593.75
395.83

479.17
416.67
625.00

455.20
395.83
593.75

583.
458.33

554. 17
435. 40

833.33
500.00
416.67
416.67

791. 67
475. 00
395.83
395.83

t”.

Detroit, Mich.:
Fisher, Charles T., Jr.-----|----- 0 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Hewitt, Charles H--- Assistant manager---------------------------------Beach, Robert S--- Attorney--------------------------------------------

Barber, Everett W-------| Field representative--------------------------------Houston, Tex.: Ford, R. F---| Manager-------------------------Jacksonville, Fla.: Farwell, -----do----------------------------------------------Fred H.
Kansas City, Mo.:
odges, Frank-----------|-----do----------------------------------------------Tremble, Geo. TAssistant manager---------------------------------Rice, Ca
Counsel--------------------------------Little Rock, Ark.:
Jarrett, J. W--------------| Manager-------------------------------------------Pettit, Clyde------------- Special counsel.------------------------------------Los Angeles, Calif.:
Scroggs, Thomas C------- Manager-------------------------------------------Sears, Jerome F----------- Assistant manager----------------------------------Louisville, Ky.:
Abell, J. Fort------------- Manager-------------------------------------------Humphrey, Lovell M----| Assistant manager.
-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Minneapolis, Minn.: Chap- ||Acting manager------------------------------------.
man, Joseph.
Nashville, Tenn.:
Gardenhire, J. M--------- Manager-----------------------------------------Davis, Lee----------------| Assistant manager----------------------------------N e w Orleans, La.:
Buskie, George F---------| Manager-------------------------------------------Robertson, George W----- Assistant manager---!
Kaplan, Monroe---------- Examiner-----Knight, M . J.-------------|----- 0-----------------------------------------------|

791.67

475.00

*Except asherein indicated,attorneyshandling legal mattersofthe variousagenciesofthecorporation

do notreceivesalariesbut arepaidinthecustomary way accordingtothe characterand volume ofthework
performed and therefore are not included.

REPORT OF THE RECONSTRUCTION FINANCE CORPORATION

79

TABLE 9.—Names and compensation of directors, officers, and employees of the
Reconstruction, Finance Corporation receiving from the Corporation more than
$400 per month, as of Sept. 30, 1934—Continued
L O A N AGENCIES

Name

N.

º

Salary
per

Title

Salary
per

month l month
N e w York, N.Y.:
Mahoney, Daniel J.------Ahearn, Thos. J., Jr.
Cahill, William J.---Smith, Frederick PWeinstein, Walter H.-Sandford, Clarence Rhief examiner-------------------------------------Stevens, Harry IExaminer------------------------------------------Tyree, Young-------do----------------------------------------------Barrett, F. HSpecial assistant------------------------------------Clarke, A. J., JrOffice manager-------------------------------------Linn, Henry A.--Attorney-----Merritt, Matthew J.------| Chief clerk-O k l a h o m a City, Okla.: Manager-------------------------------------------Eagen, J. C.
Omaha, Nebr.: Daniel, Her- ||----.do--------------------------------------------- --|
bert S.
Philadelphia, Pa.:
Kilbourn, Jonathan F----|-----do----------------------------------------------Forster, J. Montgomery--| Attorney-----Thompson, John M.------ Office attorney-Gretz, Arthur A
--| Fixaminer--Portland, Oreg.: Slade, E. F.--| Manager---------------Richmond, Va.:
Gilmer, Henry G---------|-----do------------------Staples, E. W--------| Assistant manager
Waters, W . Murray----- Chief examiner-Salt Lake City, Utah: Smith,

$875.00
833.33
791.67
752.08
712. 50

-

-

-

475.00

458.33
458.33
416. 67
416.67
416. 67
416.67
450.00

435.40
435, 40
395.83
395.83
395.83
395.83
427. 50

500.00

475. 00

833. 33
500.00
500.00
441. 67
450.00

791.67
475. 00
475.00
419. 58
427. 50

500.00
416.67
416. 6.7
450.00

475.00
395.83
395.83
427. 50

500. 00

475.00

600.00
416. 67

395.83

833.33
500.00
600.00

791.67
475. 00
570.00

Elias A .

San Antonio, Texas: Meer- |-----do----------------------------scheidt, Otto.
San Francisco, Calif.:
Calkins, A. A.-----------McCullough, John S
St. Louis, Mo.;
Vardaman, James K., Jr.--| Manager---------Kerr, R. D.--------------- Assistant manager
T. H.: Hossack, Special representativ

H º ry:r.

570.00

TABLE 10.-Statement of cash receipts and expenditures during the third quarter,
July 1, 1934, to Sept. 30, 1984, inclusive (Corporation’s accounts with Treasurer
of United States)
Cash balanceat the closeofbusinessJune30,1934,asper thebooks ofthetreasurerofthe Cor
ration

$6,349,316.85

Add: Checks issued prior to July 1,1934,canceled subsequent toJune 30,1934-Deduct: Corrections of errors reported to the treasurer of the Corporation
subsequent to June 30, 1984-----------------------------------------------9,009.74
Adjusted cash balance at the close ofbusiness June 30, 1934
ints
Receipts:
Sale of notes----------------------------------------------------------Repayments of loans:
T o banks and trustcompanies (including receivers)--- $70,890,862.08
T o credit unions-------------------------------40,192.73
T o building and loan associations11,932,290.57
T o insurance companies--------3,735,569. 12
T o Federal land banks---1271, 162,550,95
T o joint-stock land banks------1,629,810.29
T o livestock credit corporations--103,490.32
T o mortgage loan companies-------------- 40,732,960.32
T o regional agricultural credit corporations
- 3,910,964.82
T o other
credit corporations-4,626.34
To railroads------------------------------------------ 12,348,360.77
-

-

-

-

ºfficultural

-

To processorsordistributorsforpayment ofprocessing
taxes-----------------------------------------------

6,816.69

T o State funds for insurance of deposits of public
InoneyS--------------------------------------------

1,632,047.88

To industrial and commercial businesses-------------For self-liquidating projects under sec. 201 (a) (bonds
and notes paid-par $877,100)----------------------Footnote at end of table.

875,261.33

100435–34—6

353.

6,340,307. 11

80

REPORT OF THE RECONSTRUCTION FINANCE coRPORATION

TABLE 10.-Statement of cash receipts and expenditures during the third quarter,

July 1, 1934, to Sept. 30, 1934, inclusive (Corporation's accounts with Treasurer
of United States)—Continued

Receipts—Continued.
Repayment of loans—Continued.

For repair or reconstruction ofproperty damaged by

:

earthquake,
under sec. 201 (a), act of July 21,
1982, as amended-----------------------------------

$44,198.54

For financing sale ofagricultural surpluses in foreign
markets--------------------------------------------

3,316,991. 57

To institutions under sec. 201 (d):
Commodity Credit Corporation------------------ 151,931,389, 50
Other------------------------------

To drainage,leveeand irrigationdistricts--Secured by preferredstockinsurancecompany-Secured by preferredstockbanksand trustcompanies--

565,842.09
44.09

90,000.00
445, 531.72
— $ 5 7 5 , 4 0 0 , 154.80
Relief disbursements (1932act) repaid
315,050.48
Preferred stock, capital note and debenture retirements.----- 59,384, 100.00
-

Sale ofsecurities purchased from Federal Emergency Administration of
Public Works-------------------------------------------Interest and discount collectedAccrued interest on notes sold.------------------------------

--- 10,135,826.83
17,068,334.95
56,272.86
Interestand dividends collected on preferredstock purchased.-6,518, 138.52
Reimbursable expense collected.-------------------------------403,612.23
on advances for care a n d º v a t i o n of collateral
230,411.60
Collectionson collateral (cash collateral)--------------------49,670. 17
Collections on collateral purchased.----------------1,518.58
reductions regional agricultural credit corporations.
850,000.00
Refunds of expenses paid----------------------------------10,939.03
Unallocated—pending advices------23,604,419.60
Miscellaneous (including amounts credited inerror)--------------------66,573.67

§

.

§ :

785,385,023.32
791,725,330.43
Expenditures:
Retirement of notes----------------------------------------------------- 260, 100,000.00
Loan disbursements:
T o banks and trust companies (including receivers)- $74,601,985.65
T o building and loan associations------------------500,000.00
T o insurance companies---------400.00
T o Federal land banks--1193,618,000.00
T o joint-stock land banks.-197,219.28
To
loan companies----------------10,259,645.28
T o regional agricultural credit corporations--1,661,882.78
T o railroads (including receivers)------------------2,250,686.59
T o processors or distributors for payment of process
ing taxes-----------------------------------------567.68
T o industrial and commercial businesses-----------1,916, 178.27
For Self-liquidating projects under sec. 201 (a) (bonds
and notes purchased—par $18,949,000)------------- 18,878,787. 53

.

For repair or reconstruction ofproperty damaged by
earthquake, etc.:
Undersec. 201 (a),act ofJuly 21,1932,asamended104,593.95
Under act of Apr. 13, 1934----------------------116,040.00
For financing sale of agricultural surpluses in foreign
markets------------------------------------------4,429, 394.46
T o institutions under Sec. 201 (d):
Commodity Credit Corporation.---------------26,741,886.22
Other---------------------------------1,585, 755.29
T o drainage, levee and irrigation districts
4,842, 446.26
T o public-school authorities------------------ 22,300,000.00
Secured by preferred stock insurance company-----10,000,000.00
Secured by preferred stock banks and trust c o m
panies---------------------------------------------1,387,350.00
—
375,392,819. 24
Relief grants (1933 act)---------------6, 139,011.00
Payments of subscriptions to capital of regional agricultural credit cor
porations increases)-------------------------------------------------975,000.00
Purchases of capital notes and debentures banks and trust companies--- 22, 102,000.00
Purchases of preferred stock banks and trust companies----------------- 49,982,394.98
Purchase of preferred stock insurance company-------------------------100,000.00
Purchase of securities from Federal Emergency Administration of Public
Works---------------------------------------------------------------- 10,135,826.83
Payment to Federal Housing Administrator---------------------------- 10,000,000.00
Payments to Secretary of the Treasury (for purchase of stock of H o m e
Owners' Loan Corporation).------------------------------------------- 46,000,000.00
Advances for expenses regional agricultural credit corporations (under
Farm Credit Administration).----------------------------------------- 1,051,000.00
Advances for expenses Federal Emergency Relief Administration
3,202.81
Advances for care and preservation of collateral---219, 237.03
Re und ofinterest and dividend overpayments
162,958.98
Release of cash collateral--------------------,188.31
Interest on cash collateral to rediscounts------2,637.00
Discount rebates and refund of unearned discount39,637.92
Release offunds held in suspense--------------1,795,275.30
Interest on notes----------------------2,015,352.47
Accrued interest on securities purchased.---------------------------------- 515,439.86
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Footnote at end of table.

REPORT of THE REConstruction FINANCE CoRPORATION

81

TABLE 10.-Statement ofcash receipts and expenditures,during the thirdquarter,
July 1, 1934, to Sept. 30, 1934, inclusive (Corporation's accounts with Treasurer
of the United States)—Continued
Expenditures—Continued.
Additions to petty cash funds-------------------------------------------Furniture and fixtures

$150.00

Reimbursable expense
Miscellaneous (including refunds and adjustments for amounts credited
in error)--------------------------------------------------------------26, 107.46
—$789,830,365.36

Cash balanceatthecloseofbusinessSept.30,1934------------------------------------

1,894, 965. o,

*Includes$193,618,000representing refinancing ofloans previously made by the Corporation to Federal

land banksfordifferentindividualamounts butinthesame aggregate amount.

NOTE.-In addition to funds on deposit with the Treasurer ofthe United States, custodian banks held in

suspense funds which amounted to$7,210,141.28at the close of business June 30, 1934, and $7,256,404.31 at
the close of business Sept. 30, 1934.

TABLE 11.-Statement of cash receipts and expenditures during the9 months Jan. 1
§ Sept. 30, 1934, inclusive (Corporation's accounts with Treasurer of United
tates)
Cash balanceatthecloseofbusiness Dec.31,1933,asperthebooksofthetreasurerofthe
corporation---------------------------------------------------------------------------Add: Checks issued prior to Jan. 1, 1934, canceled subsequent to Dec. 31, 1933.-----------

$6,656,275. 70
980.74

Adjusted cash balance at the closeofbusiness Dec. 31,1933------------------------------

6,657,256.44

Receipts:
Sale of notes------------------------------------------------------- $1,129,765,000.00
Repayments of loans:
T o banks and trust companies (including re
ceivers)------------------------------------- $362,334,376. 19
T o credit unions--------------

30

39,410,108.54

T o building and loan association:
T o insurance companies------T o Federal land banks----

T o joint-stock land banks----T o livestock credit corporationsTo
loan companies
T o regional agricultural credit corporatio
T o other
credit corporations-----T o railroads-----------------------------------

º

-

-

-

-

ºfficultural

31,511,015. 13
1271, 162,550.95
6,707, 590.99
989,379.33
77,905, 400. 52
42,589, 581. 10
944, 818.78
13, 595,000.86

To processors or distributors for payment of

º f

taxes-----------------------------

12,244.69

To State funds for insurance of deposits of
public moneys-----------------------------T o industrial and commercial businesses-----For self-liquidating projects under sec. 2010a)
(bonds, notes, and certificates paid—par
$5,189,004.02).------------------------------For repair or reconstruction of property d a m
aged by earthquake, etc., under sec. 2010a),
act of July 21, 1932, as amended-------------

6,472,285.31
353.08

5,186,919.76
178,771.83

For financing sale of agricultural surpluses in
foreign markets----------------------------3,718,737.93
T o institutions under sec. 2010d):
Commodity Credit Corporation----------- 184,603,922. 70
Other----------------------------2,255,650.24
T o drainage, levee, and irrigation distr
44.09
Secured by preferred stock insurance company90,000.00
Secured by preferred stock banks and trust
companies ---------------------------------1,303,849.07
—
1,051,098,632. 39
Relief disbursements (1932 act) repaid----------------------------787,508.00
Preferred stock, capital noteand debentureretirements,990, 100.00
Sale ofgold-------------------------------------------------------131,977,955. 52
Sale ofsecurities
from Federal Emergency Administra
tion of Public Works-------------------------------------------10, 135,826.83
Interest and discount collected
51,522, 129.81
Accrued interest on notes sold.------------418,826.65
Premium on notes sold---------------------------------------124,947.02
Interestanddividendscollectedon preferredstock purchased
8,288,496.05
Reimbursable expense collected.--------------------------------------1,040,050. 57
on advancesforcareand preservationofcollateral.--------1,927,674.21
Collections on collateral (cash collateral)
414,373.56
Collections on collateralpurchased.-------164,961. 26

F º

-

-

§ .

Return ofpettycash-------------------------------------------------Capitalreductions regionalagricultural creditcorporations-----------unds ofexpenses paid----------------------------------------------

Unallocated-pending advices----------------------------------------Miscellaneous(includingamounts creditedinerror)--------------------

100.00

3,350,000.00
21,395.86
38,655, 129.80
789,001. 54
2,491,472, 109.17
2,498,129,365.61

Footnote at end of table.

82

REPORT of TH E REconSTRUCTION FINANCE corporation

TABLE 11.-Statement of cash receipts and expenditures during the 9 months Jan. 1

to Sept. 30, 1934, inclusive (Corporation's accounts with Treasurer of United
States)—Continued
Expenditures:
Retirement of notes
Redemption of notes series Feb. 1, 1934
-

-

-

-

--

-

Expense shipment ofgold from foreign countries to United States.

$260, 100,000.00
131,575,460.82
402, 512.00

Loan disbursements:
To banks and trust companies (including re
ceivers)------------------------------------T o credit unions-------------To building and loan associations.
To insurance companies------T o Federal land banks---

# fºliº. land-banks--o ivestock credit corporationsTo mortgage loan companies. -----------------

68,440.6
61,740,010.84

To regionalagricultural credit corporations----

17,161,527.63

T o other agricultural credit corporations-----To railroads (including receivers)-------------

75,491.70
19,802,272. 14

To processors or distributors for payment of
processing taxes-----------------------------

7,384.37

To State funds for insurance of deposits of
public moneys-----------------------------T o industrial and commercial businesses-----For Self-liquidating projects under sec. 201 (a)

2,500,000.00
1,916, 178.27

(bondsand notes purchased—par $49,884,500)
For repair or reconstruction of property d a m

47,333,971.49

aged by earthquake, etc.:
Under sec. 201 (a), act of July 21, 1932, as
amended-------------------------------Under Act of Apr. 13, 1934-----------------

5,644,080.30
116,040.00

For financing sale of agricultural surpluses in
foreign markets----------------------------T o institutions under sec. 201 (d):

11,882,654.49

Commodity Credit Corporation----------- 196,842,324.94
Other-------------------------------------

To drainage, levee, and irrigation districts----T o public-school authorities-------------------

3,870,422.60
7,064,883.33
22,300,000.00

Secured by preferred stock insurance com
panies--------------------------------------

21,500,000.00

Secured by preferred stock banks and trust
companies-----------------------------------

9,322,005.00
859. 0.94..or

Reliefgrants (1933act)----------------------------------------------Payments of subscriptions to capital of regional agricultural credit

: F º

(increases)---------------------------------------------

Purchasesofcapital notesand debentures, banks and trustcompaniesPurehases ofpreferred stock, banks and trust companies-------------Purchase ofpreferred stock, insurance company----------------------y
Purchase of securities from Federal Emergency Administration of
Public Works.--

-

-

; .290,974 13
wº
4 5

275, 000.00

§§ 800.00
500. 23
100,000.00
826.83
000.00

-

Payment to Federal Housing Admi
Payments toSecretaryoftheTreasury (forpurchase ofstocko
home loan banks)--------------------------------------------------

5,700, 000.00

Payments to Secretary ofthe Treasury (for purchase ofstock of Home
000.00

* Owners' Loan Corporation)
Payments to Land Bank Commissioner--

Payments to Federal Farm Mortgage Corporation
Advances forexpensesregional agriculturalcredit corporations (under
Farm Credit Administration).-------------------------------------

Advances forexpenses Federal Emergency ReliefAdministrationAdvances for care and preservation of collateral---------------

Re und ofinterestand dividend overpayments---------Release of cash collateral-------------------------------Interest on cash collateral to rediscounts----------------Discount rebates and refund of unearned discount-------

Releaseoffunds held in suspense------------------------

65,000,000.00
55,000,000.00
3,144,000.00
157, 187.50
1,647,096.83
374,614.59
450,238.18
9,396.91
147,968.49
3.264. 446.33

23,532,633.87

Interest on notes-----------------------------------------Accrued interest on securities purchased.----------------------

22, 225. 73

Deposit with bid for purchase of bonds (self-liquidatingprojects)Additions to petty cash funds----------Furniture and fixtures-------------------------------Expense-general--------------------------------------Expense-loan agency----------------------------------Expense—custodian-

9,160.00
350.00

Reimbursable expense------------

121,032.86
2,941,076.01
3, 181,301.81
1,743,209.09
1,011, 047, 52

Miscellaneous (including refunds
ited in error)

732.847 .74
7

-

– $2,496, 234,400.54

Cash balance at the closeofbusiness Sept. 30, 1934-------------------------------

$1,894,965.07

1Includes $193,618,000 representing refinancing ofloans previously made by the corporation to Federal
land banks for different individual amounts but in the same aggregate amount.

Note.—In addition tofunds on deposit with the Treasurer of the United States, custodian banks held
insuspense funds which amounted to$5,056,007.01 at thecloseofbusiness Dec.31,1933, and $7,256,404.31at
the close of business Sept. 30, 1934.

REPORT of TH E REConstruction FINANCE CORPORATION

83

TABLE 12.-Statement of condition of the corporation as of the close of business,
Sept. 30, 1934
Assets

Cash on deposit with Treasurer of United States---------------------------------------Funds held in suspense by custodian banks--------------------------------------------Petty cash funds and travel advances--------------------------------------------------Allocated for expenses regional agricultural credit corporations (under Farm Credit
Administration).-----------------------------------------------------------------------

-

-

-

-

Allocated to Secretary of Treasury ----Allocated to Land Bank Commissioner
: Reallocated to Federal Farm Mortgage Corporation-----------

$1,894,965.07
7,256,404.31
10,375.00
10,430,784.00
500,000,000.00
124,741,000.00
200,000,000.00

.00

55,000,000.00
—
Allocated to Federal F ar m Mortgage Corporation--------------------------------------Allocated to Federal Housing Administrator *-Allocated to Secretary of Agriculture *-----------------------------------

245,000,000.00
55,000,000.00
10,000,000.00

Reallocatedas capital regional agricultural credit
corporations------------------------------------ $44,500,000.00
Reallocated to G o ve rn o r of F a r m Credit A d m i n i s
tration-----------------------------------------

40,500,000.00
—

85,000,000.00
—
Capital regional agricultural credit corporations------------------------- 44,425,000.00
Allocated for revolving fund (capital regional agricultural credit corpora
tions)----------------------------------------------------------------75,000.00
-

115,000,000.00

44,500,000.00
Allocated to Governor Farm Credit Administration------------------------------------40,500,000.00
Loans under sec. 5:
Proceeds disbursed (less repayments):
Banks and trust companies"------------------------------------ $591,972,462.74
Credit unions---------------388,433.71
Building and loan associations
- 28,251, 589. 10
Insurance companies--------- 30,721,842.67
Federal land banks.---- 116,040,026.31
Joint-stock land banks------7,695,963. 33
1,603,991.27
Livestock credit corporations----Mortgage loan companies *--------------- 160,767,094.87
Regional agricultural credit corporations4,388,954.68
Other agricultural credit corporations-795,723.
Railroads (including receivers)------------------------- 343,286,893. 17
Processors or distributors for payment of
taxes.
2,473.37
State funds for insurance of deposits of public moneys----------1,840,680.43 1,287,756, 129.28
-

-

-

-

-

-

R .

-

Proceeds not yet disbursed:
Banks and trust companies "------------------------------------ 223,001, 183.08
3
Insurance companies----------Joint-stock land banks--------1,160,085.39
Livestock credit corporations--173,059.15
Mortgage loan companies *--------------- 101,407, 100.15
Regional agricultural credit corporations593,836.
Other agricultural credit çorporations-275,000.00
Railroads (including receivers)---------------------------------2,756,614.90
—
Toans to industrial and commercial businesses:
Proceeds disbursed.-----------------------------------------------------------------Proceeds not yet disbursed
Loans and contracts for self-liquidating projects sec. 201
Proceeds disbursed (less repayments) (by purchase of bonds, certificates, and notes;
par $104,301,295.98)---------------------------------------------------------------Proceeds not yet disbursed (contracts, bonds, certificates, and notes; par $107,819,
-

-

-

-

329,736,879.50
1,915,825. 19
10,040,996.73

-

102,933, 135.50
106,442,969.87

000

Loans forrepair or reconstruction ofproperty damaged by earthquake, etc.:

...”

Proceeds disb
less
Proceeds not yet disbursed
Loans under sec. 201 (c), for financing sale of agricultural surpluses in foreign mark
Proceeds disbursed (less repayments)
Proceeds not yet disbursed.--------------------------TLoans to institutions under sec. 201 (d):
Proceeds disb
less repayments)
Proceeds not yet disbursed.---------------------------------------------------------Footnotes at end of table.

8,250,659.35
3,635,054.82
14,953,570.45
3,778,061.88
81,537,612.69
295, 529, 500.29

84

REPORT OF T H E

RECONSTRUCTION

FI NAN CE CORPORATION

TABLE 12.-Statement of condition of the corporation as of the close of business,
Sept. 30, 1934—Continued
ASSETS-continued

Loans todrainage,levee,and irrigation districts:
Proceeds disbursed (less repayments)----------------------------------------------Proceeds not yet disbursed.---------------------Loans to public school authorities: Proceeds disbursed.--

Loans secured by preferred stock, insurance companies:
Proceeds disbursed (lessrepayments)----------------------------------------------Proceeds not yet disbursed.----------------------------------------------------------

478,794.34
369,870.03
300,000.00
785,000.00
500,000.00

Loans secured by preferred stock, banks and trust companies:
Proceeds disbursed (less repayments)----------------------------------------------Proceeds not yet disbursed.---------------------------------------------------------Relief authorizations (1932 act):

22,289,381.38
2,161,825.00

Proceeds disbursed (less repayments)-----------------------------------------------

298,227,406.00
15,001.00

Proceeds not yet disbursed.---------------------------------------------------------

Preferred stock, banks and trust companies:
Purchased (lessretirements)-------------------------------------------------------Subscriptions authorized-----------------------------------------------Preferred stock, insurance
Purchased

º :

598,716.90
823,460.00
100,000.00

Capital notes and debentures, banks and trustcompanies:
Purchased (less retirements)-------------------------------------------------------Subscriptions authorized------------------------------------------------------------

259,771,800.00
74,865,000.00

dvances forcareand preservation ofcollateral:
Proceeds disbursed (less repayments)----------------------------------------------Proceeds not yet disbursed.----------------------------------------------------------

Collateral purchased (costlessproceeds ofliquidation).---------------------------------Accrued interest receivable--------------------------------------------------------------

Reimbursable expense------------------------------------------------------------------

227,867.16
118,868.45
1,739,089.04
43,383,538.50
632,020.16

Furniture and fixtures------------------------------------------------------ $627,541.26
Less allowances for depreciation----------------------------------------- 99,544.21
527,997.05

-

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

5,041,759,558.94

Liabilities A N D Capital,

Payable on certificateof Federal Emergency ReliefAdministration (1933 ReliefAct)---Payable to Secretary of the Treasury -------------------------------------------------Payable to land bank commissioner *-----------------------for capital regional agricultural credit corporations

£º.
Callableby Farm Credit Administration forexpenses ofregional agricultural credit cor

rations-----------------------------------------------------------------------------Liability for funds held as cash collateral-----------------------------------------------Proceeds not yet disbursed:
Loans under sec. 5-----------------------------------------------------------------Loans to industrial and commercial businesses-------------------------------------Loans and contracts for self-liquidating projects, sec. 201 (a)------------------------Loans for repair or reconstruction of property damaged by earthquake, etc.---------Loans under sec. 201 (c), for financing sale of agricultural surpluses inforeign marketsLoans to institutions under sec. 201 (d)---------------------------------------------Loans to drainage, levee, and irrigation districts------------------------------------Loans secured by preferred stock insurance companies------------------------------Loans secured by preferred stock banks and trust companies------------------------Relief authorizations (1932 act)------------------------------------------------------

Advances forcareand preservation ofcollateral------------------------------------Subscription authorizations:
Preferred stock, banks and trust companies-------------------------------------

Capital notesand debentures, banks and trust companies-----------------------Cash receipts notallocated pending advices--------------------------------------------Miscellaneous liabilities (includingsuspense).-------------------------------------------Liabilityfor funds held pendingadjustment-------------------------------------------Unearned discount---------------------------------------------------------------------Interest paid in advance----------------------------------------------------------------

Interest and dividend refunds and rebates payable-------------------------------------Interest accrued------------------------------------------------------------------------Deferred credits:
Income on collateral purchased.------------------------------------------ $134,226.10
Premium on sale of notes------------------------------------------------ 105,223.82
-

Footnotes at end of table.

$410,597.82
43,295,300.00
97,400,000.00
75,000.00
3,878,744.27
7,456,315.31
329,736,879.50
10,040,996.73
106,442,969.87
3,635,054.82
3,778,061.88
295,529,500.29
64,369,870.03
3,500,000.00
2,161,825.00
15,001.00
118,868.45
65,823,460.00
74,865,000.00
13,804,851.28
11,477,412.05
2,546.32
58,321.56
142,951.54
87,998.20
19,918,743.52

239,449.92

REPORT OF THE RECONSTRUCTION FINANCE CORPORATION

85

TABLE 12.-Statement of condition of the Corporation as of the close of business,
Sept. 30, 1934—Continued
LIABILITIES AND CAPITAL–Continued

-

Surplus adjustment---------------------------------------------------------------------

39,202,163.64
11,786.33

Interestearned and dividends collectedlessinterest and expenses (Jan. 1,1934, through
Sept. 30, 1934)------------------------------------------------------------------------Total----------------------------------------------------------------------------

23,315, 222.94
5,041,759, 558.94

ISec. 2 ofthe Reconstruction Finance Corporation Act, as amended by the Federal Home Loan Bank
Act, provides that “in order to enable the
etary of the Treasury to make payments upon stock of
Federal home-loan banks subscribed forby him in accordance with the Federal Home Loan Bank Act,
the s u m of$125,000,000 or so mu ch thereofas ma y be necessary forsuch purpose, ishereby allocated and m ade
available to the Secretary of the Treasury out of the capital of the Corporation and/or the proceeds of notes,

debentures, bonds, and other obligationsissuedby theCorporation.” T h e amount ofsuchstocksubscribed
for by the Secretary of the Treasury is $124,741,000.
*Sec. 4 (b) of the H o m e Owners' Loan Act of 1933, provides that “the Board (Federal H o m e Loan Bank

Board) shalldetermine the minimum amount ofcapitalstockofthe Corporation (Home Owners' Loan
Corporation) and isauthorizedtoincreasesuch capitalstockfrom time totime insuch amounts asmay be

necessary but not toexceed in the ag

º

ate$200,000,000. Such stockshall be subscribed forby the
shall be subject to call
in whole or in part by the Board and shall be made at such time or times as the Secretary of the Treasury

ofthe Treasury on behalfoftheUnited States, and payments forsuch

º

:

deems advisable. * * *_In order to enablethe Secretaryofthe Treasury tomake such payments when
called, the Reconstruction FinanceCorporation isauthorizedand directed toallocateand make availableto
the SecretaryoftheTreasury thesum of$200,000,000, orso much thereof as may be necessary, and forsuch
purpose the amount of notes, bonds,"debentures, or othersuchobligations which the Reconstruction Finance

Corporation is authorized and empowered under sec. 9 of the Reconstruction Finance Corporation Act;
as amended, tohave outstanding atany time, is hereby increased by such amounts as may be necessary.”
Th e amount of such stock subscribed for by the Secretary of the Treasury is$200,000,000.
* Sec. 30 (a) of the Emergency Farm
Act of 1933 made $100,000,000 available to the Farm Loan
(now Land Bank) Commissioner forloans tojoint-stock land banks. Sec. 32 of the same act made $200,000,
000 available to the Farm Loan (now Land Bank) Commissioner fordirect loans to farmers. Of the amount

...

made available under sec. 32, $145,000,000 was paid to the Land Bank Commissioner and the balance
$55,000,000was reallocatedand paid to the Federal Farm Mortgage Corporation undersec.3 ofthe Federal
F a r m Mortgage Corporation Act.
* Under the provisions ofSec.4 of the National Housing Act of 1934 which states that “the Reconstruction
Finance Corporation shall make available to the Administrator such funds as he m a y deem necessary”,
$10,000,000 has been paid to the Federal Housing Administrator.
-

* Sec. 2 ofthe Reconstruction Finance Corporation Act as amended made available to the Secretary of
Agriculture $200,000,000. Of this amount $135,000,000 was paid to him of which $20,000,000 was returned to
the Corporation. Of the $85,000,000 difference $44,500,000 was reallocated and disbursed as capital of the
Regio
Agricultural Credit Corporations (sec. 201 (e), Emergency Relief and Construction Act of 1932).
T h e remainder, $40,500,000, was made available and has been paid to the Governor of the Farm Credit
Administration, pursuant to the provisions of sec. 5 (a) (1) of the Farm Credit Act of 1933.
* Loans under sec. 5 of the Reconstruction Finance Corporation Act to aid in the reorganization or

liquidation ofclosedinstitutionshavebeenauthorizedintheaggregateamount of$962,753,895.68ofwhich
$110,717,554.60has been canceled. After taking into consideration repayments of$255,878,864.11 items (6)
of the balance sheet include the balance of$367,251,476.61 representing proceeds disbursed (less repayments)
and $228,916,000.36 representing proceeds not yet disbursed, exclusive of $14,983,666.21 loans approved in
principle upon the performance ofspecified conditions.

In addition to loans and other authorizations reflected on the statement of

condition, the Corporation has approved in principle loans in the amount of
$175,954,616.21 and purchase of preferred stock, capital notes and debentures of
banks and trust companies in the amount of $55,338,140.00 upon the performance
of specified conditions.
This statement of condition does not take into consideration expenditures
incurred but not paid by the Corporation at the close of business September 30,
1934, or income of regional agricultural credit corporations whose capital stock
was subscribed by the Corporation.

O