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EEB 29 1936
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Q U A R T E R L Y REPORT
OF

Reconstruction Finance

Corporation
TO

THE CONGRESS
C O V E R I N G T H E CORPORATION'S OPER ATION S

F O R T H E P ER IO DS J U L Y 1 T O S E P T E M B E R 30, 1935
INCLUSIVE, A N D F E B R U A R Y 2, 1932, T O
S E P T E M B E R 30, 1935, INCLUSIVE

$9.

UNITED STATES
GOVERNMENT

P R IN T I NG O FF I CE

W A S H I N G T O N : 1936

DEPOSITED BY THE
UNITED STATES OF AMERICA

FEB 28 '36

Q U A R T E R L Y R E P O R T OF T H E RE C ON S TR U CT I ON
FINANCE CORPORATION

Q U AR T ER E N D E D SEPTEMBER 30, 1935
REconstruction FINANCE CoRPoRATION,

Washington, December 18, 1935.
SIR: Pursuant totheprovisionsofsection 15 ofthe Reconstruction
Finance Corporation Act, as amended, the corporation has the honor

to submit its report covering its operations for the third quarter of
1935, and for the period from the organization of the corporation on
February 2, 1932, to September 30, 1935, inclusive.
During the third quarter of 1935, under section 5 of the Recon

struction Finance Corporation Act, as amended, the corporation
authorized 157 loans. These loans, together with increases during
the quarterinloanspreviously authorized, aggregated $43,002,131.63,

asfollows: $24,511,557.86 to banks and trust companies (including
$22,369,452.89 to aid in the reorganization or liquidation of closed
banks and trust companies); $220,000 to the receiver of a closed

building and loan association; $18,198,173.77 to mortgage loan
companies; and $72,400 to borrowers engaged in the fishingindustry.
During the third quarter of 1935, under section 5c of the Recon

struction Finance Corporation Act, as amended, the corporation
authorized a subscription for capital stock of a mortgage loan c o m

pany in the amount of$2,000,000.
During the third quarter of 1935, under section 5d of the Recon

struction Finance Corporation Act, as amended, the corporation
mad e 296 authorizations to industrial or commercial business.

These

authorizations, together with increases during the quarter in author
izations previously made, aggregated $25,114,581.67, as follows:
loans in the amount of $23,084,315.01; purchases of participations
in the amount of $1,879,600; and agreements to purchase participa
tions in the amount of $150,666.66.

During the third quarter of 1935, under section 5e of the Recon
struction Finance Corporation Act, as amended, the corporation
made 20 authorizations aggregating $350,566.56 on the assets of
closed banks and trust companies.

During the third quarter of 1935, under the Emergency Relief and
..}1932, as amended, the corporation authorized
six loans. These loans, together with an increase during the quarter
in a loan previously authorized, aggregated $100,108,700, as follows:
Under section201 (a) (1), title II, loans aggregating $18,700, forself
liquidating projects; and under section 201 (d), title II, loans aggre
gating $100,090,000, to aid in financing the carrying and orderly
marketing of agricultural commodities.
During the # . quarterof 1935, under section 304, titleIII, of the
act approved March 9, 1933, as amended, the corporation made 199
Construction Act

authorizations. These authorizations, together with increases dur

ing the quarter in authorizations previously made, aggregated $43,
1

2

R EP O RT

OF

T H E

RECONSTRUCTION

FINANCE

CORPORATION

666,200, as follows: Loans secured by preferred stock of banks and
trust companies in the amount of$214,700; subscriptionsforpreferred
stock of banks and trust companies in the amount of $35,256,500;
and purchases of capital notes or debentures of banks and trust c o m
panies in the amount of $8,195,000.

During the third quarterof1935,undersection 1 oftheactapproved
June 10, 1933, asamended, the corporationauthorized2 loans, aggre

gating $150,000, secured by the preferred stock of insurance com
panies.

During the third quarter of 1935, under section 36, title II, of the
Emergency Farm Mortgage Act of1933, asamended, which empowers
the corporation to make loans to or for the benefit of drainage, levee,
irrigation, and similar districts, etc., the corporation authorized 41

loans. These loans, together with increases during the quarter in
loans previously made, aggregated $3,643,331.58.
During the third quarter of 1935, under section 14 of the act
approved June 19, 1934, as amended, which empowers the corpora
tion to make mining loans, etc., the corporation authorized 20 loans

aggregating$2,273,000.

ummarizing the above, the corporation, during the third quarter

of 1935, made 742 authorizations. These authorizations, together

with increases during the quarter in authorizations previously made,
aggregated $220,308,511.44. Cancelations or j
.
during
the third quarter of 1935, ofauthorizationsmade during that quarter
and prior thereto, aggregated $21,138,836.44.

During the third quarter of 1935, the corporation under the above
acts disbursed $217,965,864.02 and received repayments aggregating
$132,685,425.82. The increase in the amount outstanding on
September 30, 1935, as compared with June 30, 1935, was
$85,280,438.20.

During the entire period from the organization of the corporation
on February 2,1932,toSeptember 30, 1935,inclusive, thecorporation
authorized under section 5 ofthe Reconstruction Finance Corporation

Act, as amended, 18,451 separate loans to 9,107 institutions, aggre
gating$4,199,920,933.93, asfollows:$2,366,718,514.08 to7,374 banks
and trust companies (including $1,027,332,393,74 to aid in the reor
ganization or liquidation of closed banks and trust companies);
$145,004,713.25 to 1,009 building and loan associations (including
$23,157,069.21 to receivers of closed building and loan associations);
$102,850,858.28 to 132 insurance companies; $449,269,819.90 to
394 mortgage loan companies; $642,967.80 to 7 credit unions;
$399,636,000 to 12 Federal land banks (including $193,618,000

representing refinancing of loans previously made by the corporation
to Federal land banks for different individual amounts, but in the

same aggregate amount);$21,155,572.68 to24 joint-stockland banks;
$9,250,000 to 8 Federal intermediate credit banks; $6,040,140.31 to
20 agricultural credit corporations; $178,840,452.48 (rediscounts) to
12 regional agricultural credit corporations and their branches;
$14,594,962 to 20 livestock credit corporations; $494,375,728 to 72

railroads (including $19,690,960 to 7 railroad receivers and $985,000
to the trustee of a railroad);$26,089.27 to7 processorsor distributors
who are subject to processing taxes; $10,787,715.88 to a state fund
createdforthepurposeofinsuringtherepayment ofdepositsofpublic
moneys; and $727,400 to 15borrowersengagedin thefishingindustry.

REPORT

OF T HE

RECONSTRUCTION

FINANCE

CORPORATION

3

Under section 5c of the Reconstruction Finance Corporation Act,
as amended, thecorporationfrom January 31, 1935, when thissection
was approved, toSeptember 30, 1935,
authorized 2 subscrip
tions for capital stock of 2 mortgage loan companies aggregating

º

$12,000,000.

Under Section 5d of the Reconstruction Finance Corporation Act,

as amended, the corporationfrom June 19, 1934, when thissectionwas
approved, toSeptember30, 1935,inclusive, made 1,501 authorizations
to 1,437 industrial or commercial business concerns, aggregating
$91,399,778.54, as follows: Loans in the amount of $81,337,643.55
to 1,216 businesses; purchases of participations in the amount of
$6,799,960 in loans to 145 businesses; and agreements to purchase
participationsin theamount of$3,262,174.99inloansto76 businesses.
Under section 5e of the Reconstruction Finance Corporation Act,

as amended, the corporation from June 16, 1934, when this section
was approved, to September 30, 1935, inclusive, made 76 authoriza
tions aggregating $12,280,908.60 on the assets of76 closed banks and
trust companies.

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, 1935, inclusive, made 793 authorizations

to 323 institutions, aggregating $1,667,183,251.92, as follows: under
the provisions of section I, title I,$300,000,000 was made available

to 42 States and 2 Territories for purposes of relief and work relief;
under the provisions of section 201 (a), title II, as amended, loans or
contracts
$292,168,754.86were authorized to 182 institu

.#.

tions for self-liquidating projects (including$10,450,000 to6 institu
tions for financing the repair or reconstruction ofbuildings damaged

º

earthquake,fire,tornado,orcyclonein 1933);under theprovisions
of section 201 (c), title II, loans aggregating $53,370,955.22,were
authorized to 3 institutions for the purpose of financing sales in
foreign markets of agricultural surpluses; and under the provisions

of section201 (d),title II, loans aggregating $1,021,643,541.84 were
authorized to 94 institutions to aid in financing the carrying and

orderly marketing of agricultural commodities and livestock, pro
duced in the United States (including authorizations of$941,000,000
to the Commodity Credit Corporation).
Under section 304, title III, of the act approved March 9, 1933, as

amended, thecorporationfrom March 9,1933,toSeptember30,1935,

inclusive, made 8,393 authorizations forloans on orsubscriptions for
preferred stock, or for the purchase of capital notes or debentures,
of 6,776 banks and trust companies, aggregating $1,232,067,825, as
follows: loans in the amount of $28,124,455, secured by preferred
stock of 273 banks and trust companies; subscriptions for preferred
stockof4,033 banks and trust companies in the amount of$773,289,
070; and purchases of capital notes or debentures of2,841 banks and
trust companies in the amount of $430,654,300.
Under section 5, title I,of the AgriculturalAdjustment Act,of1933,

as amended, the corporation from May 12, 1933, when the act was

approved,to September30, 1935,inclusive, authorized2 loans aggre
gating$23,500,000 to theSecretary ofAgriculture to acquire cotton.
Of this amount $20,200,000 subsequently was canceled.
Under section 1 of the act approved June 10, 1933, as amended,
the corporation from June 10, 1933, to September 30, 1935, inclusive,

4

REPORT

OF T H E

RECONSTRUCTION

FINANCE

CORPORATION

made 11 authorizations to 9 institutions, aggregating $30,375,000,
as follows: loans in the amount of $30,275,000 secured by preferred
stock of 8 insurance companies; and a subscription in the amount of
$100,000 for preferred stock of an insurance company.
Under section 36, title II, of the Emergency Farm Mortgage Act
of 1933, as amended, the corporation from May 12, 1933, when the
act was approved, to September 30, 1935, inclusive, authorized 569

loansaggregating$105,419,549.92toorfor thebenefitof550 drainage,
levee, irrigation, and similar districts, etc.
Under theactapproved April 13,1934,asamended, thecorporation
from April 13, 1934, to September 30, 1935, inclusive, authorized 4
loans aggregating $2,150,000 for financing the repair of property
damaged by earthquake or flood in 1933, 1934, 1935, and 1936.

Under section 14 of the act approved June 19, 1934, as amended,
the corporation from June 19,1934, toSeptember 30, 1935, inclusive,
authorized 32 loans aggregating $7,022,000 to 31 borrowers engaged
in the business of mining, milling, or smelting of ores, etc.

Under section 16 of the act approved June 19, 1934, as amended,
the corporationfrom June 19, 1934, to September 30, 1935, inclusive,
authorized one loan in the amount of $22,500,000 for the purpose of
payment of teachers' salaries; of this amount $200,000 subsequently
wa s canceled.

Summarizing the foregoing, the corporation, during the entire
periodfrom February 2,1932, toSeptember 30, 1935,inclusive, made
authorizations aggregating $7,405,819,247.91. Of the total amount
authorized $895,199,611.67 was later withdrawn or canceled, and
$5,746,427,319.06 was disbursed. Repayments amounted to $2,917,

241,662.69, leaving $2,829,185,656.37 outstanding on the books of
the corporation at the close of September 30, 1935.

In addition, the corporation had outstanding on September 30,

1935, agreements to make authorizations, totaling $227,721,953.23,
upon the performance of specified conditions.

Under section 84 of the Farm Credit Act of 1933, as amended,
with the approval of the Governor of the Farm Credit Administra
tion, the Corporation, during the third quarter of 1935, authorized
the reduction of thecapitalofsixregionalagricultural credit corpora
tions, as follows: The Regional Agricultural Credit Corporation of
Albany, N. Y., from $510,000 to $420,000; of Baltimore, Md., from
$65,000 to $40,000; of Columbus, Ohio, from $65,000 to $25,000;

of Raleigh, N. C., from $110,000 to $50,000; of Salt Lake City,
Utah, from $4,500,000 to $4,250,000; and of Sioux City, Iowa, from
$11,350,000 to $9,950,000. The Corporation, with the approval of
the Governor of the Farm Credit Administration, during the third
quarter of 1935, authorized increases in the capital of two regional
agriculturalcreditcorporations, asfollows: The RegionalAgricultural
Credit Corporation of Minneapolis, Minn., from $11,650,000 to
$12,515,000; and of Spokane, Wash., from $8,000,000 to $9,000,000.
Under section 2 of the Reconstruction Finance Corporation Act,
as amended by section 5 (f) of the Federal Home Loan Bank Act,

and pursuant to the request of the Secretary of the Treasury, the
Corporation during the third quarter of 1935, paid $3,600,000 to the
Secretary of the Treasury for the purpose of making payments upon
stock of Federal home loan banks subscribed for by him. This
made a total of$85,245,700 so paid through September 30, 1935.

REPORT

OF T H E

RECONSTRUCTION

FINANCE CORPORATION

5

Under section2 (a) and section 6 of the Federal Emergency Relief
Act of 1933, the Corporation during the third quarter of 1935 dis

bursed $2,106.73 to the Federal Emergency Relief Administrator for
expenses necessary to carry out the provisions of the Federal Emer
gency Relief Act of 1933, and received refunds ofexpenses previously
disbursed amounting to $2,630.18, making a net total of $349,234.17
so disbursed through September 30, 1935. Upon certification of the
Federal Emergency ReliefAdministrator, the Corporation had made

payments for relief aggregating $499,650,000 through September
30, 1935.

Under the Emergency Appropriation Act, fiscal year 1935, ap
proved June 19,1934, theCorporation duringthethirdquarterof1935
purchased or agreed to purchase $232,936,250, net face amount of
marketable securities from the Federal Emergency Administration
of Public Works.

The Corporation from June 19, 1934, to September 30, 1935, inclu
from the Federal Emergency Administration of
sive,
Public Works securities having a par value of $216,846,500. Of

º

this amount securities having a par value of $89,016,100 (exclusive
of $110,000 of securities the sale of which was canceled later, and in

clusive of$35,000ofsecuritieswhich were delivered earlyin October)
were sold at a premium of $2,771,938.68. Securities having par
value of $22,640,000 purchased from the Federal Emergency A d
ministration of Public Works were subsequently collected at a pre
mium of$18,528.75, and securities having par value of $105,190,400
(including$110,000 of securities the sale of which was canceled, and
excluding$35,000 ofsecuritieswhich were deliveredearlyin October)

.#

at the close of business September 30, 1935. In addition,
the Corporation had agreed to purchase at par, to be held and col

Were

lected orsold at a later date, such part of securities having an aggre
gate par value of $107,118,800 as the Federal Emergency Adminis
tration of Public Works is in a position to deliver from time to time.

During the third quarter of 1935, the Corporation authorized the
issuance of $5,000,000,000 series J notes. The series J notes are

divided into four sub-series. They were authorized for the purpose
of retiring the outstanding $3,240,000,000 of series D notes and
$485,000,000 series D A notes (includes $70,000,000 series DA-2 notes

issued and sold to theSecretary of the Treasury in July), aggregating
$3,725,000,000, and for additional amounts to be borrowed by the

Corporation. The authorization for the remaining series D A notes
which had not been issued was canceled.

During the third quarter of 1935, the Corporation issued
$1,715,000,000 series J–1 notes and $1,525,000,000 seriesJ–2 notes in

exchangeforan equalprincipalamount ofseriesD notes;$305,000,000
series J-3 notes in exchange for an equal principal amount of series
DA-1 notes; and $180,000,000 series J–4 notes in exchange for an

equal principal amount ofseries DA-2 notes.
During the third quarter of 1935, the Corporation sold $3,852,500
series H. notes to institutions from which the Corporation subscribed
for or purchased preferred stock, capital notes or debentures; re
deemed and canceled $1,050,000 of its series H notes, held by insti
tutions from which the Corporation had purchased preferred stock,
capital notes or debentures; sold $20,000,000 series J–3 notes, and

6

R EP O RT

OF

T H E

RECONSTRUCTION

FINANCE

CORPORATION

$90,000,000 series J–4 notes, aggregating $110,000,000, to the Secre

tary of the Treasury; and redeemed and canceled $15,000,000 of its

series J–4 notes held by the Secretary of the Treasury.

As ofSeptember 30, 1935, there were outstanding $4,072,574,166.67
of the Corporation's notes, as follows:
Series E--------Series G--------Series H--------Series J–1-------Series J–2--------

$149, 621, 666. 67 | Series J-3-------16,000, 000.00 Series J-4-------86, 952, 500.00
1,715,000,000.00
Total - - - -1, 525,000, 000.00

$325,000,000.00
255,000, 000.00

-

4,072, 574, 166.67

The following tables are attached hereto:
TABLE 1. Aggregate authorizations, withdrawals or cancelations, disburse
ments, repayments, and amounts outstanding, by classes, during the third

quarter of 1935, and from February 2, 1932, to September 30, 1935, inclusive.
TABLE 2. Number of new borrowers, etc., to which authorizations were made, by
States, during the third quarter of 1935.
TABLE 3. Number of authorizations, by States, during the third quarter of 1935.

TABLE 4. Number of borrowers, etc., to which authorizations were made, by
States, February 2, 1932, to September 30, 1935, inclusive.
TABLE 5. Number of authorizations, by States, February 2, 1932, to September
30, 1935, inclusive.
TABLE 6. Amount of authorizations, withdrawals or cancelations and disburse
ments, from February 2, 1932, to September 30, 1935, inclusive, by States.
TABLE 7. Amount of authorizations, disbursements, repayments, and amounts

outstanding from February 2, 1932, to September 30, 1935, inclusive, by
months and classes.
T A B L E 8. N u m b e r of borrowers and amounts of loans authorized under section

5 of the Reconstruction Finance Corporation Act, as amended, February 2,
1932, to September 30, 1935, inclusive, by size of cities or towns.
TABLE 9. Loans on and purchases of preferred stock, and purchases of capital
notes or debentures, of banks and trust companies, outstanding as of Septem

ber 30, 1935 (under sec. 304, title III, of the act approved Mar. 9, 1933, as
amended).

TABLE 10. Loans authorized (and commitments outstanding as of Sept. 30,
1935) to industrial or commercial business under section 5d of the Reconstruc

tion Finance Corporation Act, as amended (including purchases of participa
tions, and agreements to purchase participations, in loans), by size of loans,

from June 19, 1934, to September 30, 1935, inclusive.
TABLE, 11. Loans authorized (and commitments outstanding as of Sept. 30,
1935) to industrial or commercial business under section 5d of the Reconstruc

tion Finance Corporation Act, as amended (including purchases of participa
tions, and agreements to purehase participations, in loans), by industries, from
June 19, 1934, to September 30, 1935, inclusive.

TABLE 12. Loans to aid in the reorganization or liquidation of closed banks and
trust companies from February 2, 1932, to September 30, 1935, inclusive, by
States (includes loans to receivers, liquidating agents, and conservators, and
loans through mortgage loan companies to aid in the reorganization orliquida
tion of closed banks and trust companies, under section 5 of the Reconstruc

tion Finance Corporation Act, as amended; and authorizations on the assets of
closed banks and trust companies under section 5e of the Reconstruction
Finance Croporation Act, as amended).

TABLE 13. Total authorizations; commitments outstanding (asofSept. 30, 1935);
purchases of securities from Public Works Administration; and allocations to
other governmental agencies and for direct relief from February 2, 1932, to
September 30, 1935, inclusive.

TABLE 14. Names and compensation of directors, officers, and employees of the
Reconstruction Finance Corporation receiving from the corporation more than
$400 per month, as of September 30, 1935.
TABLE 15. Statement of cash receiptsand expenditures during the third quarter,
July 1, 1935, to September 30, 1935, inclusive (Corporation's accounts with
Treasurer of United States).

REPORT

OF T H E

RECONSTRUCTION

FINANCE

7

CORPORATION

TABLE 16. Statement of cash receipts and expenditures during the 9 months,
January 1, 1935, to September 30, 1935, inclusive (Corporation's accounts
with Treasurer of United States).
T A B L E 17.-Statement of condition of the Corporation as of the close of business,
September 30, 1935.

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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T h e S P E A K E R of T HE H o u s E of REPRESENTATIves.

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REPORT of THE RECONSTRUCTION FINANCE CORPORATION

41

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

ments from Feb. 2, 1932, to Sept. 30, 1935, inclusive, by States
GRAND TOTAL

Am oun t authorized

State

-

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

Connecticut----

-

-

-

-

-

-

-

-

-

-

-

lorida-------------Georgia
I dah o- IllinoisI nd ia n a

Iowa--Kansas----------Kentucky-------Louisiana-------Maine-----------

- - - - - -

- - - - - - - - - - -

-

-

-

-

-

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

Pennsylvania----------------------------Rhode Island-South Carolina-Tennessee---------Texas-----tah---

VermontVirginia----

Washington:------------------------------------West Virginia-----------------------------------Wisconsin----------------------------------Wyoming--------------------------------Alaska-----------------------------------Hawaii-----------------------------------Puerto Rico--------------------------------Virgin Islands------------------------------------

Am oun t with
d r a w n or

canceled

$34,928,414.42
$4,691,949.24
22,631,569.00
294,248.27
61,405,232.99
8,496,402.39
514, 149,291.26
27,353,443.81
24,373,686.63
2,949, 614.97
28,716,585.41
3,996,713.72
3,350,500.00
2,257,300.00
196,933,892.66
3,782,294.66
22,959,994.83
4,944,195.65
24,326, 151.16
5,260,344.05
14,050,848.07
1,438,490.06
422,759,368.21
39,804,165.40
74,752,278.59
11,106,995.89
88,324,640. 11
13,595, 599.93
20,249,020.00
2,510,225.65
48,769,833. 13
9,852,059.46
210,749,471. 52
81,798,641.00
76,250,029.02
8,770,002. 07
138,583,620.65
13,336,272.99
85,688,040.94
11,346,697.09
499,005,685. 51
59,564,401.04
39,418, 130.01
4,930,798.09
44,490, 104.03
3,901,780.37
112,706, 850.29
28,715, 120.65
14,039,976.45
1,068,513.68
23,468,263.59
3,388,200.34
11,499,912.85
817, 293. 10
4,853,603.00
1,047,504.92
216,704, 194.79
25,971,856.08
10,835,025.81
1,325,669.02
739,058,987.48
46,646,080. 16
62,604,000. 10
9,259,839.73
14,055,973. 28
1,561,259.66
518,990,093. 18
75,775,599.28
,920,987.79
1,656,605.71
20, 192,432.88
2,479,348. 74
311,511,530.84
53,936,391.20
5,964,036.00
432,838.00
34,302,925.24
3,628,816.47
18,580,726.64
3,932,927.09
113,041,475.50
14,440,375.09
124,776, 197.46
14,742,427.38
21,667, 172.59
2,430,788.70
26,200,296.63
1,079,579.77
41, 156,294.85
6,156,211.47
59,323,643.46
16,733,961. 20
44,352,864.61
4,445,807.78
120,545,416. 13
16,707,698.40
6,326,808.62
818, 164.72
137,500.00 !-----------------1,444,935.00
7,407. 63
4,467,500.00
622,694.25
,000.00
26,000.00

Total-------------------------------------- 5,305,846, 112.21

665,937,616.02

Am ou nt dis
bu rse d

$29,826,244.60
8,122, 145.89
40,997,772. 12
385, 167,472.72
18,661,607.84
23,776,871.69
817, 200.00
153,643,998.00
14,458,011.67
18,424,649.23
11, 198,562.01
365,359, 682.29
60,835, 580.76
73,341,301.58
16,337,317.03
37,518,939.25
,253,294.21
,020, 285.27
123,542,289.29
70,542,617.85
393, 209,872. 69
33,481,510.21
36, 178,832.63
77,251,550.21
12,489,259.64
19,435,071.74
7,475,262.81
3,806,098.
178,690,596.31
9,071,317.40
544,224,814.82
50,568,427.81
11,920,834.32
408,018, 344. 13
23,895,297.82
15,594,883. 19
241,219,846.28
5,180, 163.52
29,416,898.88
14,482,644.09
96, 533,907.87
100,074,386.58
17,653,903.67
24,413,026.36
34, 158,884.61
40,542, 191.46
38,480,987.89
101,656,217.73
5,325, 505.98
137,500.00
1,230,832.00
3,800,605.75
124,000.00
4,119,589,319.78

ns:

T o Federal land banks ----------------------T o Federal intermediate creditbanks 7--------

1399,636,000.00
12,400,000.00
9,250,000.00 ------------------

*387,236,000.00
9,250,000.00

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

178,840, 452.48

5,596,811.76

173,243,640.72

494,375,728.00
53,370,955.22
941,000,000.00

6,914,555.89
33,146,368. 56
151,004, 259.44

487, 122,572. 11
20,224,586.66
546,461, 199.79

To railroads (including receivers and trus

º
lºº
For

*-------------------------------------rtsofagricultural surpluses *----

To Commodity CreditCorporation 2------------Secretary ofAgriculture to acquire cot
n

Grand total

23,500,000.00

20,200,000.00

3,300,000.00

7,405,819,247.91

895, 199,611.67

*5,746,427,319.06

*Includes $35,000,000authorized and $10,000,000 disbursed to the Export-Import Bank ofWashington,
and $2,500,000authorizedand disbursed tothe Second Export-Import Bank ofWashington, D.C.
*These loans are not included in the State totals shown above.

*Includes $193,618,000representing refinancing of loans previously made by the corporation to Federal
landbanks fordifferentindividualamounts, but inthesame aggregateamount.
* In addition, u n certification by the Federal Emergency ReliefAdministrator, under the Federal
Emergency ReliefAct of 1933, the corporation disbursed $499,650,000for relief, as shown below; and dis
5 . $349,234.17 to the Federal Emergency Relie(Administrator for expenses necessary to carry out the
provisions of the above act.

42

REPORT

OF TH E

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 6–Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to Sept. 30, 1935, 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 CERTIFICATION OF 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 A D M I N I S T R A T O 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, 1935, I N C L U S I V E ,
B Y STATES
A mo un t
disbursed

State

Alabama----------------------------Alaska----Arizona---A rkan sas- --

California.-Colorado----------------------------Connecticut-------------------------Delaware----------------------------District of Columbia
Florida
Georgia
H a wa i i -

Idaho--Illinois
Indiana--I ow a- -- - K ans as

Kentucky---------------------------Louisiana-Maine-----Maryland---------------------------Massachusetts
Michigan-----------------------------

Amount

State

disbursed

$8,994,391 || Nevada-----------------------------349,629
2,834, 146
7,410,249
15,823,535

$370,801
966,
15,423,
889,188
63, 131,826
9,709,900
3,612, 520
36,763,382
6,309,005
3,213,315
44,106,509
1,970,201
1,870,967
10,424,200
7,035,597
6,369,196
13,249.874
1,723,352
481,544
281,753
5,594,074
5,627, 175
11,090,
9,619,053
190,383

- * * * *

4,594, 154
1,010, 708
1,056, 174
13,347,232
7,705, 354
1,110,561
809, 957
52,240,038
11, 259,425
5,248,789
2,732,726
-

31,369,782

• ** * ** *
Wisconsin--,550,286 || Wyoming---------------------------6,685,494
2,853,357
Total--------------------------- 499,650,000
2, 125,699
-

TOTAL, SEC. 5, R E C O N S T R U C T I O N FI N AN C E C O R P O R A T I O N ACT, AS A M E N D E D
Amount

State

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

-

authorized

-

-

-

Arizona---

-

ArkansasCaliforniaColorado----

-

-

-

Connecticut
elaware---------

-

-

District of Columbia-lorida-----------Georgia-

-

-

-

Idaho---

-

Illinois--

-

IndianaIowa----

-

-

KansasKentucky
LouisianaMaine---MarylandMassachuset
Michigan----Minnesota.--

Mººl.

-

-

-

-

-

-

-

Missouri-MontanaNebraskaNevada-----------------------------------------N e w H a m ps
N e w Jersey-------------------------------------N e w Mexico.------------------------------------N e w York--------------------------------------North Carolina---------------------------------North Dakota----------------------------------10--------------------------------------------Oklahoma---------------------------------------Oregon-----Pennsylvani
-

-

-

--

-

-

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

A mou nt with
d r a w n or

canceled

Amount
-

disbursed

$15,219,576.42
3,041,300.00
32, 137, 546.57
207,592,713.78
8,400,071. 29
19,151,785.41
257,000.00
44, 119,392.66
10,376,605.83
13,637.392. 50
8,269,781.61
234,406, 177.01
48,409, 236.05
72,094, 215. 13
9,065,536.00
22,553,268. 24
117,492,994.52
63, 128,934.02
102,963, 510.65
61,284,090.94
414,356,730. 97
16,989,079.13

$3,086,574.24
255,748.27
6, 158,383.09
9,550,448.03
1,390,422.97
2,288,909.72
8,000.00
1,482,294.66
3,805,843.65
2,862,077.39
865, 500.85
32,279, 203.47
8,087,683.95
10,936,899.93
1,715, 225.65
3,569,463.42
30,367,191.00
6,737,302.07
11,062,562.99
6,914, 199.38
55,819, 111.27
3,376,287.43

$11,047,781.60
2,754, 251.73
25,499,107.11
197,091,976.01
6,912,948.32
16,862, 875.69
9,000.00
28, 172,498.00
,229,868.43
10,671,446.25
7,335,580.76
193,109,250.74
38,409,039.30
60,601, 065.20
7, 176, 110.35
18,341, 504.82
85,270, S43. 16
53,985, 179.81
90, 608,324.29
53,365,253.65
314, 642,836.61
13, 307, 791.70

18,882,809.36
71,283,
160.09
5,552,700. 41
12,506,223.59
6,813,725. 92
1,794,000.00
126,069,849.42
2,597,215.05
291,835,830. 11

2,439,350.37
22,688,872.88
569,398.68
2,262,500.34
411,668.96
356, 139.92
16, 252,817.78
705,669.02
21,784,800. 60
7,196,089.45
1,029,948.33
66,851, 554.56
1,277,605.71
1,812,278.03
43,252,375.46

16,057.958.99
47,
566,683. 27
4,960. 701.73
10,070,423.25
6,262,056.96
1,437, 860.08
107,839, 526.82
1,891,546.03
186,776,593.96
36, 173,661.56
6,896,636.42
305,493,280.60
8,025, 718.01
7,637,980.50
161,390,096.78

44,502,530.90
7,931,784.75
404,627,854.85
9,577,607.98
10,095,911. 18
211,281,555.84

REPORT

OF TH E

RECONSTRUCTION

FINANCE

43

CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to Sept. 30, 1935, inclusive, by States–Continued
TOT AL, SEC. 5, R E C O N S T R U C T I O N

FINANCEcoRromation
ACT,
Continue
AmongAuthor

State,

Rh od e Island-----------------------------------South Carolina----------------------------------South Dakota-e a r l es s e e - - --

Texas
Utah
Vermont
Virginia---Washington.-West Virginia.-isconsin----

Wyoming-k
H aw a ii

Puerto Rico
Lo

AS A M E N D E D

A mo un t with
drawn or
canceled

$1,567,446.00
$21,338.00
25,614, 195.24
3,258,244.84
11,896,293.72
3,720,537. 18
82, 197,038.50
8,357, 176.43
62,455,378.93
7,512,083.34
12,978,956.97
1,440,988. 70
10,303,296.63
1,054,579. 77
21,380, 565.05
3,844,735.47
38,780,269.39
12,164, 143.03
26,769,646.61
3,320,874.44
66,937,469. 61
11,634,651.47
4,470,498.62
,164.72
100,000.00 !-----------------850,000.00
7,407.63
1,218,000.00
372,694.25

Total-------------------------------------- 3,117,818, 753.45

449,618,022.79

Anºtflis.
$1,546, 108.00
21,487,343. 40
8,054,406. 54
73,321,427.96
53,775,644.02
10,433, 502.98
8,564,716.86
17,451,092.58
25,812, 555.88
22,431,716. 07
54,302,818. 14
3,935,605.98
,000.00
835,897.00
845,305.75
2,453,023,399.65

ans:

T o Federal land banks!---------------------T o Federal intermediate credit banks 2------T o regional agricultural credit corporations
(rediscounts)*------------------------------T o railroads (including receivers and trus
tees) --------------------------------------

3.399,636,000.00
12,400,000.00
,250,000.00 ------------------

3.387,236,000.00
9,250,000.00

178,840, 452.48

5,596,811.76

173,243,640.72

494,375,728.00

6,914,555. 89

487, 122,572. 11

Grand total.-------------------------------- 4, 199,920,933.93

474,529,390.44 || 3,509,875,612.48

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

B A N K S A N D T R U S T C O M P A N I E S (INCLUDING RECEIVERS, LIQUIDATING AG ENT S,
A N D CONSERVATORS)
$3,434,641.96

$9,258,423.91
1,874,251.73

5, io9.
5

N e w Hampshire
N e w Jersey-----------------------------N e w York-------------------------------

; :
º; ;
7. 51

;

i

i 00, º
2}
.|76,646

f
;

§ 231
º:

ii
1

,425,

44

R EP O RT

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, 1935, 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 (INCLUDING RECEIVERS, LIQUIDATING A GE NT S ,
A N D C O N SE R V A T OR S ) — Co n t i n ue d

Am oun t authorized

State

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

Texas-------------------------------------------Utah--------------------------------------------Vermont----------------------------------------Virginia-----------------------------------------Washington-------------------------------------West Virginia-----------------------------------Wisconsin---------------------------------------Wyoming---------------------------------------Alaska------------------------------------------Hawaii------------------------------------------Puerto Rico--------------------------------------

Am oun t with
d r a w n or

canceled

$5,009,216.70
$974,263.38
77,780, 131.50
6,214,512.46
30,848,074.80
4,563, 198.62
7,666, 513.87
1,084,395.00
10,303,296.63
1,054, 579. 77
18, 142,208.67
2,909, 551.95
30,252,510.09
11,466, 173.82
23,734, 155.84
2,717,329.74
40,559,990.81
9,305, 569.37
1,486,574.42
,041.53
100,000.00 l-----------------850,000.00
7,407.63
1,218,000.00
372,694.25

Total-------------------------------------- 2,366,718, 514.08

356, 165,320.80

A mo u nt dis
bursed

$3,913,603.32
71,055,962.93
25,741,212.61
5,477,653.58
8,564,716.86
15, 157,456.72
18,636,765.79
19,999,770.00
30,254,421.44
1,196, 532.89
100,000.00
897.00

845, 305.75
1,895,782,084.78

BU ILDI NG A N D L O A N ASSOCIATIONS (INCLUDING RECEIVERS)
Alabama---------------Arkansas----------------------------------------California---------------------------------------Colorado----------------------------------------Connecticut-------------------------------------eorgia-----------------------------------------Illinois------------------------------------------Indiana-----------------------------------------Iowa---------------------------------------------

Kentucky---------------------------------------isiana---------------------------------------Maryland---------------------------------------igan---------------------------------------- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

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

-

-

-

-

- -

-

-

-

-

-

-

-

-

-

-

-

-

West Virginia.-Wisconsin---Wyoming---------------------------------------Total--------------------------------------I N S U R A N C E

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

District
Florida------------

-

-

-

New Jersey--------------------------------------

$111,000.00
$811.96
2,758,378.25
100,944.36
9,805, 134.81
519, 416. 39
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
2,078,400.00
28, 696.94
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
30,379,926. 12
1,703,772.45
9,102,159.38
134.86
3,580,018.39
75,868.94
155,000.00
3,022.75
52,003,834.58
22,372,623.40
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
25,050.90
164,000.00
5,591.24
1,626,000.00
15,681. 12
9,041,000.00
463,211.79
641,781.25
47,000.00
145,004,713.25
C O M P A N I E S

$339,050.00
435,000.00
50,000.
75,000.00
33,000.00
6,028,500.00
4,498,000.00
3,522,000.00
422,000.00
1,000,000.00
1,270,000.00
13,985,000.00
4,816,913.76
28,500.00
112,000.00
7,870,000.00
2,399, 150.00
902,000.00

28,433, 150.13

$110, 188.04
2,557, 433.89
9,281,378.68
106,736.94
499, 757.86
5,000.00
3,686,017.63
1,660,820.60
1,107,689.75
1,395,011.61
2,649,673.46
2,049, 703.06
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
3,504,149.45
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
1,610,318.88
577,788.21
558,053.33
116,430,495.46

REPORT of THE RECONSTRUCTION FINANCE CORPORATION

45

T A BL E 6.-Amount of authorizations, withdrawals or cancelations, and disbursements

from Feb. 8, 1982, to Sept. 30, 1935, inclusive, by States—Continued
I N S U R A N C E C OM P AN I ES -C o nt i nu e d

A mo u nt author-

State

Am oun t with
d r a w n or

canceled

ize

600.00
500.00
500.00
000. 00
000.00
225. 47
000.00
000.00
000.
1.

$1,086,357.04
112.50

5,000.00
7,033,661.80
,950.00
744,325.47

,196.
0.
000.

102,850,858.28

13,291,363.52

Am oun t dis
bursed

$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
460,627. 19
60,000.00
89,519,494.76

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

District of Columbia----------------------------Florida-------------------------------------------

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

innesota---------------------------------------

Mississippi--------------------------------------issouri----------------------------------------Montana----------------------------------------Nebraska---------------------------------------Nevada-----------------------------------------N e w Jersey-------------------------------------N e w Mexico.------------------------------------- - - - -

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Pennsylvania-----------------------------------South Dakota-----------------------------------Tennessee---------------------------------------Texas-------------------------------------------tah--------Virginia.-Washington
West Virginia
Wisconsin---------------------------------------Total-------------------------------------C RE D IT

Massachusetts
Michigan-----------Minnesota----------N e w York----------Rhode Island
Virginia-----------------------------------------Total.--------------------------------------

$1,913,760. 55

$509,820.32
$1,381,419.65
100,000.00
100,000.00 l-----------------1,683, 500.00
332, 168.02
1,101,331.98
69,342,493.44
1,077,370.93
68,231,872.51
1,374,000.00
,903.88
1,344,096. 12
1,675,000.00
315,243.38
1,359,756.62
15,764, 532.60 -----------------2,609,032.60
30,408.00
95,719.61
782,313.38
1,711,994. 51
449, 153. 14
1,253, 199.93
2,414,000.00
44,023. 52
2,369,976.48
9,681, 669. 90
2.997,680.38
4,268,339.52
220,000.00
22,508.0
197,491.92
2,773, 550.00
2,773,550.00 l-----------------7,500.00
,500.00
50,000.00
92,500.00
42,500.00
50,000.00
6,486, 506.35
1,850,461.52
4,148,538.48
3,200,000.00 !-----------------3,200,000.00
24,964,852.97
2,376, 157.83
21,723,871.77
19,732,335.94
1,816,234. 55
17,819,621.90
12,488,944. 22
4,571,884.73
7,891, 566.87
3, 102,500.00
7,500.00
3,035,000.00
501,450.00
4,650.00
319,300.00
2,239,250.00
997,227.82
1,242,022.18
156,370.00
202.3
156,167.61
695,225.00
40,978. 56
654,246.44
,000.
170, 174.60
629,825.40
16,985,500.00
5,217,964. 73
10,870,730.45
9,000.00
60,000.0
,000.00
144,372,300.00
3,980,456.70
60,854,410.30
3,402, 525.00
296,388.47
3,099,239.53
65,000.00
245.00
64,755.00
42,468,048.24
1,661,697.63
40,521, 169.61
4,804,650.00
120,999.30
4,683, 166.44
1,007,500.00
458,602.30
548,897. 70
6,081,475.00
1,478,550. 11
4,582,770.40
6,576,000.00
2,731,262.25
3,844,737.75
3,094,657.00
1,883,700.00
1,202,179.00
21,282,372.24
2,608,700.01
18,599,684.23
1,285,000.00
50,000.00
1,235,000.00
1,829,030.61
900,028.25
919,465.36
5,103,155.41
492,946.27
3,956,209. 14
72,500.
11,500.00
61,000.00
6,488,762.92
1,842,785.61
4,645,977.31
449,269,819.90

44,528,439.89

305,657,383.58

UN ION S

74,555.00
$85.00
$73,711.58
65,000.00
9,504.30
55,495.70
10,000.00
261.29
9,738.71
20,000.00
20,000.00 l-----------------467,446.00
12,263.00
455, 183.00
5,966.80 !-----------------5,966.80
642,967.80

42, 113.59

600,095.79

46

REPORT of THE REconSTRUCTION FINANCE CORPORATION

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

ments from Feb. 2, 1932, to Sept. 30, 1935, inclusive, by States–Continued
JOINT-STOCK L A N D B A N K S

State

A rka ns as

California---------------------------------------Colora do

Georgia.-------Illinois-----

Indiana-----Iowa---------

Kentucky-Louisiana--

Michigan-MinnesotaNebraska---North Carolina
South Carolinaennessee---©xã S.-- --

tah--------West VirginiaTotal.--------------------------------------

A mo u nt authord

Am oun t with
d r a w n or

canceled

A mo u nt dis
bursed

$500,000.00
$104,811.41
$485, 188.59
3,485,000.00
342,472.72
3, 142,527.28
1,144,772.68
80,763.90
1,064,008.78
205,000.00 -----------------205,000.00
3,645,300.00
1,383,306.72
2,261,993.28
272,921.24
335,000.00
62,078.76
2, 150,000.00
170,012.90
1,979,987. 10
330,000.00
330,000.00 l-----------------82,500.00 l-----------------82,500.00
1,035,000.00
158,213.06
876,786.94
185,000.00 -----------------185,000.00
1,626,000.00
516,000.00
1,110,000.00
781,000.00
69,843.88
,156. 12
2,185,000.00
1,168,463.98
1,016,536.02
190,000.00
00,000.00
000.
2,036,000.00
158,465.48
1,327, 534.52
550,000.00
1,767.58
548,232.42
600,000.00
,000.00
,000.
21,155,572.68

4,946,200.39

15,659,372.29

A GR I CU L TU R AL CREDIT COR PORATI ONS
$880,000.00
183,408.67
59,955.31
435,000.00
58,722.60
455,000.00
120,000.00
232,590.74
1,000.00
116,790.30
95,491.08
3,013, 103.89

6,239.95
81,931.70

89,251.13
2,931, 172.19

6,040,140.31

477,249.37

5,562,890.94

DIT C O R P O R A T I O N S

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

$382,850.00
2,132,035.29
1,000.00
2,142,250.00
874,441.51
270, 740.00
2,304,559. 15
3,477,443. 10
,500.00
2,342,142.95

$244,400.00
101,800.00

$138,450.00
2,030,235.29

145,900.00
106,249.88
28,450.00
25,980.00
304, 826. 12
117,500.00
161,123. 19

1,996,350.00
768, 191.63
242,290.00
2,
579. 15
3, 172,616.98
130,000.00
2, 181,019.76

14,594,962.00

1,657,229. 19

12,937, 732.81

421,000.00 l------------------

PR OCE SSO RS O R DISTRIBUTORS W H O A R E SUBJEC T T O PROCESSING T A X E S
Connecticut
Kentucky--

$567.68

Montana

I63
6,816.69
11,371.21

14,718.06

REPORT

OF T HE

RECONSTRUCTION

FINANCE

47

CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to Sept. 30, 1935, inclusive, by States—Continued
ST A TE F U N D S C R E A T E D F O R T H E P UR P O S E OF INSURING R E P A Y M E N T OF
DEPOSITS OF PUBLIC M O N E Y S

A mou nt authorized

State

Wisconsin (total)---------------------------------

A mou nt with
d r a w n or
canceled

$10,787,715.88

$23,084.70

A m ou n t dis
bursed

$10,764,631. 18.

in T H E F ISH IN G I N D U S T R Y
$51,900.00
90,000.00
21,000.00
500,000.00
22,000.00
42,500.00
727,400.00

TOTAL, SEC. 5c O F T H E R E C O N S T R U C T I O N F I N AN C E C O R P O R A T I O N ACT, AS
A M E N D E D

[Subscriptionsfor non-assessablestock ofmortgage loan companies]
District of Columbia----------------------------Illinois

$10,000,000.00 ||-----------------$10,000,000.00
2,
:00 ------------------------------------

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

12,000,000.00 ------------------

$5

:

Colorado-Connecticut

10,000,000.00,

9.50.

#;

:

#3.

i

433,8
580,2

24

i

;

72,

565.

;}.

2,

124

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

9, 1
8 15

Pennsylvania-----------------------------------Rhode Island------------------------------------

i
ii
2,

37781—36–4

3,
61

:

.

Ii

;

iii
4,419,562.
106,427.
458.
4,9

39,

§

;

;

.
;:;

2,

48

REPORT

OF T H E

RECONSTRUCTION

FINANCE

CORPORATION

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

ments from Feb. 2, 1982, to Sept. 30, 1935, inclusive, by States–Continued
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 , A S
AMENDED–Continued

State

Utah--------------------------------------------Vermont-----------------------------------------

Virginia-----------------------------------------Washington-------------------------------------West Virginia----------Wisconsin----Haw aii- ----- -

Puerto Rico.-Total.--------------------------------------

Amour.Author

Am oun t withd r a w n or
canceled

Anºis.
-

$101,476.62
$1,500.00
$95,250.00
102,000.00
25,000.00
53,309.50
1,231,000.00
121,750.00
487,988.23
2,553,600.00
443,475.00
1,261, 146.49
964,000.00
462,000.00
237,987. 16
1,697,800.00
571,000.00
403,800.00
200,000.00 l------------------|-----------------89,500.00 l-----------------45,300.00
91,399,778.54

18,257,959.53

33,760, 566.95

LO ANS T O INDUSTRIAL O R C O M M E R C
$467,450.00
,000.00
4,592,700.00
1,645, 500.00
310,000.00

Pennsylvania
Rhode Island-South Carolina
S o u th D a k o t a

Virginia--Washington
West Virginia
Wisconsin--Puerto Rico--------------------------------------

747,
0c
77,352.00
2,187,950, 00
892,500.00
382,000.00
8,500.00
3,269,500.00
1,005,000.00
1,272,000.00
181,000.00
1,021,000.00
249,500.00
485,050.00
43,500.00
681, 500.00
509,000.00
198,800, 00
46,000.00
110,200.00
50,200.00 -----------------1,148,250.00
141,250.00
614,565.00
4,292,350.00
834,494.00
1,049,667.91
4,195,000.00
108,654.68
2,534,716.63
421,600.00
193,000.00
31, 100.00
491, 180.00
118, 180.00
100,000.00
2,480,450.00
272,855.56
1,387,044.44
62,000.00
2,000.00
45,000.00
317,950.00
53,600.00
189,350.00
74, 121.93
3,124. 14
70,997.79
60,000.00
60,000.00 l-----------------8,528,950.00
540,700.00
4,241,812.42
120,000.00
85,000.00
25,000.00
11,592,315.00
3,462,700.00
4,783,889.43
2,047,500.00
502,500.00
336,038.49
6,000.00
21,000.00
557,000.00
5,599,900.00
1,253,600.00
2,601,603.25
173,000.00
69,500.00
100,000.00
1,311,250.00
368,000.00
735,080.65
8,467,300.00
1,353,000.00
1,305,790.24
2,069,000.00
206,000.00
1,543,000.00
706,000.00
112,000.00
333,C57.11
22,750.00
4,000.00
14,700.00
1,727,000.00
445,000.00
611,500.00
752, 100.00
350,222.49
237,677.51
101,476.62
1,500.00
95,250.00
102,000.00
25,000.00
53,309.50
1,121,500.00
76,000.00
487,988.23
2,186,000.00
352,000.00
1,253,646.49
722,000.00
305,000.00
188,237. 16
1,392,800.00
480,000.00
192,800.00
89, 500.00 l-----------------45,300.00
81,337,643. 55

15,867, 182.87

30,638,305.78

R E P O R T O F T H E R E C O N S T R U C T I O N F I N AN C E C O R P O R A T I O N

49

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to Sept. 30, 1935, inclusive, by States–Continued
PURCHASES

OF

*\tº

PARTICIPATIONS

TO

INDUSTRIAL O R

A mou nt authorized

State

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

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

$42,500.00
47,200.00
25,000.00
96,000.00
433,350.00
7,000.00
16,400.00
12,000.00
219,500.00
285,000.00
4,500.00
500,000.00
146,800.00
80,000.00
194,760.00
60,800.00
45,250.00
93,750.00
20,000.00
665,400.00
100,000.00
639,500.00
413,000.00
551,600.00
129,000.00
496,250.00
104,000.00
35,000.00
656,300.00
16,000.00
186, 100.00
205,000.00
273,000.00

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

6,799,960.00

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

LouisianaMaryland--Massachusetts-Michigan----------------------------------------

-

-

-

-

-

Min

ta--

Missouri
Montana

Nebraska

New Hampshire-N e w Jersey
N e w Mexico.-N e w York---C
Oh i o .
O regon

Pennsylvania------------------------------Rhode Island--South Dakota.-ennessee---------------------------------------Virginia
W ashin gton
-

Am oun t with
d r a w n or

canceled

COMMERCIAL

A m ou n t dis
bursed

35,000.00
184,500.00
l-----------------268,333.33
4,500.00 l-----------------l-----------------500,000.00
60,800.00
42,100.00
l-----------------75,000.00
133,650.00
17,110.00
2,800.00
26, 500.00
|
93,750.00 ||-----------------20,000.00 -----------------177,750.00
81, 427. 50

129,000.00
174,568.62
14,000.00
79,000.00
35,000.00
49,000.00
93,000.00
36,000.00
155,650.00
130, 500.00
68,965,52
4,000.00
35,000.00 l-----------------5,800.00
512,500.00
16,000.00 l-----------------38,350.00
7,500.00
152,000.00
49,750.00
79,000.00
191,000.00
1,317,760.00

3,092,661.17

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 U S T R I A L O R C O M
M E R C I A L B U S I NE S S
$55,000.00
$40,000.00
125,000.00
48,000.00
42,000.00
14,000.00
358,266.66
318,666.66
9,000.00
9,000.00
8,000.00
8,000.00
8,000.00
8,000.00
261,500.00 -----------------83,800.00
41,800.00
67,500.00
67,500.00
146,700.00
80,200.00
14,400.00
600.00
3,500.00
3,500.00
755,000.00
48,000.00
225,000.00
180,000.00
600.00 l------------------

140,833.33
25,000.00
38,250.00
38,250.00
188,200.00
40,000.00
175,000.00 l-----------------12,625.00
2,625.00
93,500.00
29,750.00
181,500.00
53,125.00
37,000.00
5,000.00
32,000.00
12,000.00
200,000.00 l-----------------3,262,174.99

1,073,016.66

29,600.00

50

REPORT of THE RECONSTRUCTION FINANCE corpoBATION

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

ments from Feb. 2, 1932, toSept. 30, 1935, inclusive, by States—Continued
A UT HO RI ZA TI ON S O N T H E ASSETS OF C L O S E D B A N K S A N D T R U S T C O M P A N I E S
U N D E R SEC. 5e 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 , A S
AMENDE D

Amon .*thor

State

Am oun t with
d r a w n or

Anºis.

canceled
California---------------------------------------Colorado----------------------------------------Illinois------------------------------------------Indiana-----------------------------------------Iowa--------------------------------------------Michigan---------------------------------------Minnesota-----------------Missouri----------------------------------------N e w York--------------------------------------North Carolina---------------------------------North Dakota------------------------------------ - - - - - - - - - - - - - - - - - - - -

$20,025.08 -----------------------------------10,050. 20
$2,812.00
$7,238.20
680,585.03 |------------------|-----------------26,600.00
4, 100.00
22,500.00
77,294.98 -----------------------------------10,484,914.07
58,064. 59
10,426,849.48
99,578.88
45,600.66
46, 156.51
14,500.00 !-----------------14,500.00
16,922.72
2,691.22
14,231.50
15,005.00 -----------------5.00
473,320. 53
34,231.33
401,009. 90

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

Pennsylvania-----------------------------------South Dakota-----------------------------------ex as -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --

Wisconsin---------------------------------------Total.--------------------------------------

800.00
- *** *** *

39,537.92
194,053.11
101,721.08
12,280,908, 60

380.91
721. 55

31,392. 55
69,741.56

1, 146.93
149,758. 19

11,049, 198.85

15, 574. 15

T O T A L , E M E R G E N C Y R E L I E F A N D C O N S T R U C T I O N A C T O F 1932, A S A M E N D E D

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

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

-

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

Louisiana----------------Maine-------------------Maryland------------Massachusetts.--Michigan---------

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

Pennsylvania------Rhode Island--South Carolina-South Dakota

585,688.00
$299, 500.00
$4,286, 188.00
2,861,769.00
13,500.00
2.848,269.00
7,029,086.42
1,103,219.30
5,899, 167. 12
214,500,581.00
6,474,350.78
129,242,243. 16
6,335,223.79
7,380.00
5,387,843.79
,000.00
100,000.00 !-----------------100,000.00
99, 100.00
900.00
5,924,820. 10
930,000.00
4,994,820. 10
1,801,692.00
19,000.00
1,782,692.00
1,086,566.00 -----------------1,086,566.00
63,284,944.00
3,178,250.00
58,526,694.00
6,770,042.54
1,233,211.94
5,536,830.60
2,161,130.00
,700.00
2, 151.430.00
4,412,934.00 1-----------------3,471,406.68
13,737,064.89
3,467,446.04
9,994, 251. 10
74,958, 127.00
50,495,450.00
22,672,899.80,
1,937,895.00
35,000.00
909,605.46
611, 230.00
,000.00
411,230.00
350,000.00
138,603.71
211,396.29
22,957,040.47
425,331.50
22,491,708. 97
3. 156, 787.00
575,000.00
581,787.00
4,444,659.00
110,750.00
4,333,919.00
5,716,929.00
08,000.00
4,754,789.00
2,577,785.00
27, 615.00
2,520,170.00
75,000.00
60,000.00
15,000.00
2,632.00 1-----------------262,632.00
1,616,603.00 ||-----------------1,616,603.00
5,596, 195.37
58,204.37
5,327,991.00
6,082,503.00
172,500.00
5,773,503.00
55,518,269. 65
5,401,344.17
48,458,925.48
7, 155,473.20
609,750. 28
6,537,722.92
598,768.00
1,080.00
597,688.00
20,711,005.00
575,517.72
20, 120,487.28
4,870, 579.81 -----------------4,870,579. 81
3,782,915.00
105,820.71
3,677,094.29
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
14,945, 537.00
3,979,898.66
10,519,380.42
12,445,505.85
1,688, 150.00
9,244,854.85
3,660,739.00
673,300.00
2,975,439.00
5,645, 529.80
121,376.00
5,494,153.80
9,089,278.37
2,504,543. 17
6,584,735.20
9,833,218.00
178,000.00
9,655,218.00
13,938,925.44
28,000.00
13,910,925.44
125,000.00 l------------------|-----------------394,935.00
394,935.00
-

000.00

1,660,000.00

Total.-------------------------------------Loans:
For financingexportsofagricultural surpluses”.
T o Commodity Credit Corporation 2---------

672,812,296.70

87, 176,955.59

496, 767,293.32

53,370,955.22
941,000,000.00

33,146,368. 56
151,004,259.44

20,224,586.66
546,461, 199.79

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

1,667, 183.251.92

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

71,327, 583. 59 || 1,063,453,079. 77

REPORT of THE REconSTRUCTION FINANCE corporation

51

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to Sept. 30, 1935, inclusive, by States—Continued
S E L F - 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 N A N C I N G R E P A I R O F B U I L D I N G S D A M A G E D B Y E A R T H Q U A K E , FIRE, T O R N A

DO, O R C Y C L O N E IN 1933)
A mo un t author
ized

State

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

CaliforniaColorado---ConnecticutFlorida-------Georgia.--------Idaho----------Illinois-------------Indiana--------Iowa-------Kansas---Kentucky--LouisianaMaine--MarylandMichigan
Minneso

M
ississippi
Missouri

A mo u nt wi th
d r a w n or

canceled

$224,000.00
$149,500.00
1,413,500.00
00
1,470,119.42
500,000.
200,655,700.00
4,596,639.00
2,002,233.79
572,430.00
100,000.00
100,000.00
1,644,930.78
930,000.00
41,000.
19,000.00
60,000.00 !-----------------7,830,723.00
3, 176,250.00
833,000.00
773,000.00
9,700.00
1,820,000.00
1,519,624.00
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
3,361,904.37
5,694,600.00
27,218,000.00
1,120,473.20
592,
628,800.00
175,
299,982.81 -----------------734,625.00
10,000.00
315,000.00
215,000.00
230,500.00
81,000.00
105,000.00
100,000.00

A mo u nt dis
bursed

$74, 500.00

-

-

,419

714,930.78
-

00

60,000.00
3,074,473.00
60,000.00

-

* *

* *

-

520,
453,
299,
724,
100,
149,

-

662.85
300.00
2,110, 225.80
3,026,318. 37
3,000. 00
40,000. 00
125,000. 00

-

121,376.00
2,476,318.37

52

1,978,
550,

3,000.00

1,300,000.00
292,168,754.86
FINANCING

OF A GR I CU L TU R AL

cºgnities A N D
$150,000.00
725,000.00
3,763,250.00
..00

23,601,295.68

180,502,038.06

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

$150,000.00
603,219.30
1,877,711.78
374,950.00
99, 100.00

460,211.94
2,955,822.04
50,452,250.00
35,000.00

50,

200

350,000.00
430,000.00
60,750.00
104,000.00

409,782.28
154,179.

52

REPORT of THE REconSTRUCTION FINANCE coBPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
mentsfrom Feb. 2, 1938, to Sept. 30, 1935, inclusive, by States–Continued
F I N A N C I N G O F A G R I C U L T U R A L C O M M O D I T I E S A N D L I V E S T O C K , S EC. 201 (d),
T I T L E II-Continued

A m o u n t authorized

State

Pennsylvania-----------------------------------Tennessee----Texas--------Virginia------Washington.----West VirginiaWisconsin----------------------------------------

-

-

-

-

A mo u nt wi th
drawn or
canceled

A m o u n t d is
bu rse d

$318, 500.00
$28,062.24
$290,437.76
11,470, 185.00
3,979,767.92
7,044, 159. 16
219,551.00
20,000.00
199, 551.00
40,000.00 l-----------------20,000.00
85,530.00
28,224.80
57,305.20
175,000.00
175,000.00 1-----------------1,503,563.44
28,000.00
1,475,563.44
80,643, 541.84
941,000,000.00

63,575,659.91
151,004,259.44

16,280,256.26
546,461, 199.79

Grand total.-------------------------------- 1,021,643,541.84

214,579,919.35

562, 741,456.05

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

Loans: T o Commodity Credit Corporation *-----

A M O U N T S M A D E AVAILABLE FOR RELIEF A N D W O R K
Alabama----------------------------------------Arizona-----------------------------------------Arkansas-----------------------------------------

California---------------------------------------Colorado----------------------------------------Florida------------------------------------------Georgia-----------------------------------------Idaho-------------------------------------------Illinois------------------------------------------Indiana-----------------------------------------OWa .- --- -- --- -- -- --- -- --- -- --- -- --- -- -- --- -- --- --

Kansas------------------------------------------Kentucky
ouisiana
aime------------------------------------------Maryland
Michigan
Minnesota
Mississi
Missour
Montana
Nevada

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

Pennsylvania-----------------------------------Rhode Island-----------------------------------South Carolina-South Dakota--Tennessee---------------------------------------Texas------Utah--------------------------------------------Virginia------------------------------------------

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

West Virginia-----------------------------------Wisconsin---------------------------------------Hawaii------------------------------------------Puerto Rico.-------------------------------------Total--------------------------------------

R E L I E F , S EC. 1, T I T L E I

$4,211,688.00
1,448,269.00 4,833,967.00
10,081,631.00
3,832,990.00
3,886, 512.
1,745,692.00
1,026,566.00
55,443,721.
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.
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
1,123,590.00
4,575,270.00
1,803,945.00
3,375,352.00
7,952,292.00
2,923,439.00
3,495,304.00
5,977,430.00
9,655,218.00
12,395,362.00
394,935.00
360,
300,000,000.00 ------------------

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

$4,211,688.00
1,
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
,257,205.00
4,570,597.00
,798,290.00
34,929,875.00
1,123,590.00
4,575,270.00
,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

REPORT

OF T HE

RECONSTRUCTION

FINANCE

53

CORPORATION

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

mentsfrom Feb. 2, 1932, toSept. 30, 1935, inclusive, by States–Continued
TOTAL, A C T A P P R O V E D M AR . 9, 1933, AS A M E N D E D
State

Amoºthor.

Am dorun
t with
a w n or

Anº

dis

canceled

$14,558,200.00
$279,625.00
2,455,000.00
25,000.00
5,350,500.00
946, 500.00
58,373,070.00
9,870,645.00
5,030,000.00
131,500.00
8,609,800.00
1,416,804.00
2,680,000.00
2,112,700.00
142,700,000.00
300,000.00
2,307,200.00
131,000.00
5,897,500.00
1,062,000.00
1,895,000.00
180,000.00
93,324,500.00
3,029, 135.83
18,250,000.00
1,583,000.00
12,575,500.00
2,322,500. C0
5,958,000. CO
708,500.00
11, 160,000.00
2,285,150.00
16,572,000.00
850,000.00
11,073,000.00
1,947,500.00
11,010,630.00
1,932,460.00
19,531,000.00
3,356,800.00
42,739,500.00
3,085,739.00
18,007, 125.00
643,600.00
15,318, 150.00
1,040,000.00
25,537,000.00
4,860,875.00
4,087, 500.00
87,000.00
8,844,200.00
918,350.00
205,000.00 l-----------------1,363,000.00
611,365.00
75,840,300.00
8,973,283.93
1,052,500.00
362,500.00
375,201,150.00
15,817, 544.17
692. 500.00
8,157,500.00
4,494,500.00
490,000.00
87,008,900.00
7,020,927.00
11,291,000.00
309,500.00
2,050,000.00
90,000.00
55,496,850.00
8,917,453.50
1,100,000.00
201,500.00
2,896,800.00
150,000.00
4,522, 100.00
68,000.00
13,301,600.00
1,652,500.00
35,794,250.00
5,183,125.00
4,310,000.00
315,000.00
15,795,000.00 l-----------------12,763,000.00
2,068,350.00
7,471,500.00
1,432,000.00
6,786,000.00
484,933.34
37,847,500.00
4,472,900.00
1,687,500.00
320,000.00
37,500.00 l-----------------1,500,000.00
250,000.00
250,000.00
126,000.00
1,232,067,825.00

107,115,765.77

$14,278,575.00
2,430,000.00
4,404,000.00
48,377,425.00
4,878,500.00
6,592,996.00
567,300.00
115,400,000.00
2,046,000.00
4,835,500.C0
1,690,000.00
89,940,364.17
16,287,000.00
10,203,000.00
5,141,500.00
8,839,850.00
14,756,000.00
9,125,500.00
9,058, 170.00
15,874,200.00
38,913,761.C0
17,281,025.00
14,043, 150.00
20,455,625.00
3,940, 500.00
7,897,950.00
205,000.00
751,635.00
61,103,516.07
665,000.00
300, 516,605.83
7,420,000.00
4,004, 500.00
79,767,973.00
10,899,000.00
1,950,000.00
43,047,996.50
898, 500.00
2,746,800.00
4,428, 100.00
11,554, 100.00
30,481,125.00
3,995,000.00
15,795,000.00
10,589,650.00
6,039,500.00
6,156,066.66
33,023, 100.00
1,362,500.00
37,500.00
1,250,000.00
124,000.00
1,026,070,059.23

LOANS ON PREFERRED STOCK OF BANKS A N D TRUST COMPANIES
$3,095,600.00
50,000.00
584,500.00
3,550,750.00
309,800.00
235,200.00
25,000.00
100,000.00
12,500.00
50,000.00
28,000.00
573,000.00
30,630.00
506,000.00
437, 500.00
1,175,625.00
22,650.00
1,548,000.00 |

$22,025.00

$3,073,575.00

50,000.00
584,500.00
3,011,000.00
149,800.00
229,000.00
25,000.00
100,000.00
12,500.00
50,000.00
25,000.00
525,500.00
30,630.00
506,000.00
432,200.00
1,174,025.00
22,650.00
1,548,000.00 ------------------

1Includes $35,000,000 authorized and $10,000,000 disbursed to the Export-Im

and $2,500,000authorized and disbursed totheSecond Export-Import Bank of

rt Bank of Washington,

ashington, D.C.

54

REPORT

OF T HE

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
mentsfrom Feb. 2, 1932, toSept. 30, 1935, inclusive,by States– ontinued
L O A N S O N P R E F E R R E D S T O C K O F B A N K S A N D T R U S T CO MPAN IES- Cont inue d.
A mou nt authorized

Stote

-

Montana
Nebraska----------------------------N e w Jersey--------------------------N e w York---------------------------N o r t h Carolina-----------------------

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

Pennsylvania--------------------------S o ut h Dakota.---------------------------

Tennessee------------------------------Texas----------------------------------Virginia.-Washington.-West Virginia
Wisconsin-Wyoming---Total.--------------------------------------

A mo un t with
drawn
or
canceled

$10,000.00 -----------------2,811,700.00
$245,800.00
6,874,050.00
1,706,720.00
2, 107,150.00
,950.00
287,500.00
12,500.00
20,000.00 l-----------------2,400.00 l-----------------791,000.00
264,500.00
410,550.00
10,200.00
6,100.00 l-----------------1,100,000.00 ||-451,250.00
20,000.00
500,000.00

200,000.00
83,000.00
115,000.00
28, 124,455.00

A mou nt dis
bursed
$10,000.00
2,563,000.00
5, 128,830.00
1,855,200.00
275,000.00
20,000.00
2,400.00
526,500.00
268,950.00
6, 100.00
1, 100,000.00
151,250.00
15,000.00
500,000.00
200,000.00
83,000.00
115.000.00

5,094,845.00

22,821,610.00

SUBSCRIPTIONS F O R P R E F E R R E D S T O C K OF B A N K S A N D T R U S T C O M P A N I E S
Alabama----------------------------------------Arizona--------------------------------Arkansas------------------------------California------------------------------Colorado-------------------------------Connecticut---------------------------Delaware------------------------------District of Columbia-------------------Florida--------------------------------Georgia.-----Idaho---------Illinois-----------------------------------Indiana-------Iowa----Kansas.
Kentucky
Louisiana-Maine-------------------------------------Maryland----------------------------------Massachusetts-----------------------------Michigan-----------------------------------

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

issouri-----------------------------------Montana----------------------------------Nebraska----------------------------------Nevada-------------------------------------

New Hampshire---------------------------New Jersey--------------------------------N e w Mexico.------------------------------------N e w York--------------------------------------North Carolina--------------------------------North Dakota.----------------------------------9bio--------------------------------------------Oklahoma---------------------------------------9teson------------------------------------------Pennsylvania-----Rhode Island--

- - - - - - -

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

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

West Virginia-----------------------------------Wisconsin---------------------------------------Wyoming---------------------------------------Alaska-------------------------------------------

Puerto Rico.-------------------------------------Virgin Islands-----------------------------------Total---------------------------------------

$11,462,600.00
$257,600.00
$11,205,000.00
1,565,000.00
25,000.00
1,540,000.00
4,766,000.00
946,500.00
3,819, 500.00
49,822,320.00
9,330, 895.00
40,366,425.00
5,030,000.00
131,500.00
4,878,500.00
8,300,000.00
1,256,804.00
6,443, 196.00
165,000.00
27,700.00
137,300.00
140,900,000.00
2,300,000.00
113,600,000.00
2,072,000.00
130,000.00
1,817,000.00
2,522,500.00
825,000.00
1,697,500.00
1,795,000.00
180,000.00
1,590,000.00
84,746,000.00
1,334, 135.83
83, 161,864. 17
7,597,500.00
609,000.00
6,988,500.00
12,525,500.00
2,322,500.00
10, 153,000.00
5,930,000.00
708,500.00
5,116,500.00
11,160,000.00
2,285, 150.00
8,839,850.00
10,836,000.00
215,000.00
9,655,000.00
8,060,000.00
900,000.00
7,160,000.00
3,880,000.00
1,182,460.00
2,682, 540.00
19,025,000.00
3,356,800.00
15,368,200.00
41,602,000.00
3,080,439.00
37,781,561.00
12,773,500.00
400,000.00
12,373,500.00
8,915,000.00
480,000.00
8,200,000.00
10,712,500.00
895,375.00
9,817, 125.00
3,485, 500.00
77,000.00
3,348, 500.00
6,007, 500.00
672, 550.00
5,334,950.00
205,000.00 -----------------205,000.00
1,363,000.00
611,365.00
751.635.00
67,616,250.00
6,516,563.93
55,374,686.07
1,052,500.00
362,500.00
665,000.00
134,659.000.00
7,257,594, 17
126,961,405.83
7,870,000.00
680,000.00
7, 145,000.00
2,430,500.00
40,000.00
2,390,500.00
24,737, 500.00
1,583,427.00
23, 154,073.00
10,500,000.00
45,000.00
10,372,500.00
915,000.00
25,000.00
890,000.00
55,086,300.00
8,907, 253.50
42, 779,046.50
1,100,000.00
201,500.00
898,500.00
1,610,000.00
80,000.00
1,530,000.00
2,973, 000.00
25,000.00
2,948,000.00
12,201,600.00
1,652, 500.00
10,454, 100.00
25,857, 500.00
3,140, 125.00
22,617,375.00
1,590,000.00
265,000.00
1,325,000.00
7,770,000.00 -----------------7,770,000.00
12,743,000.00
2,063,350.00
10,574,650.00
3,370,000.00
1,130,000.00
2,240,000.00
3,315,000.00
119,933.34
3, 145,066.66
16,557,500.00
1,445,400.00
15, 112, 100.00
1,572,500.00
320,000.00
1,247,500.00
37,500.00 l-----------------37,500.00
250,000.00
250,000.00 l-----------------250,000.00
126,000.00
124,000.00
773,289,070.00
70,777,420.77
663,788, 149.23

* 1 Includes $35,000,000 authorized and $10,000,000 disbursed to the Export-Import Bank of Washington,
and $2,500,000authorizedand disbursedtotheSecond Export-Import BankofWashington,D.C.

REPORT

OF T H E

RECONSTRUCTION

FINANCE

55.

CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1932, to Sept. 30, 1935, inclusive, by States–Continued
PUR CHASE S OF CAPITAL NOT ES O R D E B E N T U R E S OF BA NK S A N D TR US T
COMPANIES

A m o un t authorized

State

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

$840,000.00
,000.00
2,515,000.00
,000.00
3,350,000.00
8,566,000.00
10,652,500.00
5,736,000.00
2,440,000.00
7,100,000.00
700,000.00
4,058,000.00
6,380, 500.00
13,276,500.00
. 592,000.00
25,000.00
1,350,000.00
238,435,000.00
2,044,000.00
62,269,000.00
1,135,000.00
1,286,800.00
1,543,000.00
9,485, 500.00
2,720,000.00
8,025,000.00
3,601,500.00
3,271,000.00
21,207,000.00
1,250,000.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

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

-

430,654,300.00

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

-

A mo u nt dis
bursed

-----------------$840,000.00.
|-----------------5,000,000.00
$2,085,000.00
430,000.00
l-----------------1,800,000.00
237,000.00
3, 113,000.00
1,695,000.00
6,766,000.00
974,000.00
9,298,500.00
635,000.00
5, 101,000.00
1,000,000.00
1,440,000.00
,000.00
6,345,000.00
!-----------------700,000.00
242,000.00
3,733,500.00
560,000.00
5,820,500.00
2,417,500.00
10,638,500.00
10,000.00
582,000.00
------------------|-----------------750,000.00
600,000.00
8,335,000.00
171,700,000.00
450,000.00
1,594,000.00
5,437,500.00
56,611, 500.00
65,000.00
1,060,000.00
70,000.00
1,216,800.00
43,000.00
1,474,000.00
1,743,000.00
7,712,500.00
50,000.00
2,670,000.00
-----------------8,025,000.00
302,000.00
3,299, 500.00
365,000.00
2,811,000.00
3,027,500.00
17,828,000.00
-----------------1,250,000.00
31,243,500.00

T I T L E II, O F T H E E M E R G E N C Y F A R M M O R T G A G E

ACT

339,460,300.00
O F 1933, A S

A M E N D E D
-

[Drainage, levee,irrigation,and similardistricts, etc.]
Arizona-----------------------------------------Arkansas----------------------------California---------------------------Colorado----------------------------Florida-IdahoIllinois
O W ä- - - - - -

Kentucky---------------------------Louisiana---------------------------Minnesota--------------------------Mississippi---------------------------

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

Nebraska---------------------------Nevada-----------------------------N e w Mexico.------------------------North Carolina---------------------Oregon------------------------------South Carolina----------------------South Dakota-----------------------Tennessee-----------------------------Texas---------------------------------Utah-----------------------------------

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

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

$13,370, 500.00 -----------------$16,625. 16
12, 123,200.00
$165,300.00
4,589,797.89
28,001,401.40
472,500.00
8,247,577.75
3,893,341.35
352,500.00
1,098,411.33
3,603,618.90 !-----------------818,004. 14
2,417,500.46
384,489.21
756,238.40
3,277, 662. 17
96, 576. 10
1,049,534.78
383,500.00
77,000.00
59,999.94
91,500.00
21,000.00 ||-----------------1,523,050.00
35,500.00
480,751.25
302,500.00 ||------------------|-----------------5,353,295.67
193,500.00
1,643,804. 64
7,449,611. 20
183,917.21
2,920,108.50
1,534,741.04
382,500.00
871,387.91
1,631, 140.00 ||-----------------1,262,348.49
969,433.00
402, 500.00
534, 576.06
882,807.76 -----------------634,840.87
38,000.00 -----------------36,999.84
2,773, 106.70
29,000.00
1,489,727.75
280, 160.00
27,571.63
124,928.37
156, 100.00 |-----------------150, 100.00
39,000.00 -----------------14,999.49
13,122,284. 57
5,500.00
6,265,343.64
616,000.00 -----------------154,711.69
136,200.00 -----------------136,000.00
1,383,995.70
189,800.00
844,253.89
22,000.00 ------------------|-----------------43,900.00 l-----------------27,400.00
105,419, 549.92

3,019, 154.15

34,228,471.78

56

REPORT OF T H E

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 6.-Amount of authorizations, withdrawals or cancelations, and disburse
ments from Feb. 2, 1938, to Sept. 30, 1935, inclusive, by States–Continued
TOTAL, A C T A P P R O V E D J U N E 10, 1933, AS A M E N D E D

State

A m o un t author
ized

A mo u nt wi th
drawn or
canceled

Kansas-----------------------------------------MarylandMichigan-MinnesotaMissouri--N e w York----North Carolina

dis

A m

i. :

$100,000.00
22,350,000. 90
4,125,000.00
100,000.00
150,000.00
3,500,000.00
50,000.00
30,375,000.00

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

$22,350,000.00
4,125,000.00
100,000.00
150,000.00
3,500,000.00
50,000.00
30,275,000.00
SUBSCRIPTION F OR P R E F E R R E D S T O CK OF A N INSURANCE C O M P A N Y
Kansas (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, A S A M E N D E D
[Loans for financing repair of property damaged by earthquake or flood in 1933, 1934, 1935, and 1936]
California (total)

$2,150,000.00

T O T A L , SEC. 14 O F T H E A C T A P P R O V E D J U N E

$400,000.00

$1,240,330.00

19,1934.As AMENDED

[Loans to borrowers engaged in the mining, milling, orsmelting ofores)

T O T A L , SEC. 16 O F T H E A C T A P P R O V E D J U N E 19, 1934, A S A M E N D E D

[Loan toa public-schoolauthorityforthe purpose ofpayment ofteachers'salariesdue priortoJune 1,1934
Illinois (total)

$22,500,000.00

$200,000.00

$22,300,000.00

REPORT of THE REconSTRUCTION FINANCE coRPoRATION

57

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Sept. 30, 1935, inclusive, by months and
classes
GRAND TOTAL

M on th

Am ou nt authorized 1

A m o u n t d is

bursed

A mo u nt out

A mo un t repaid I standing at end
of period

1932

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

May-------------------------June--------------------------July--------------------------August-----------------------September--------------------October-----------------------

$91,601,057.00
142,333,075.06
,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
,224,798,685.

1,936,376,672.57

1,524,747,138.82

299,948,453.38

1,224,798,685.44

142,844,447.43
117,995,293.92
283,171,473.85
199,499,330.83
217,732,207.45
179,533,134.72
162,528,081.98 | * 117,500,398.87
141,981,250.47
195,805,854.81
154,047,880.32
123,677, 183.75
201,024,785.36
115,339,396.98
57,792,381.18
83, 128,537.43
44,791,443.05
39,271, 516.79
517,388,597.97
48,646,412.75
347,786,121.56
186,473,215.08
1477,372,989.05
369,537, 593.42
*2,748,461,659.67 *1,776,407,869.35
*409,287,061.50
133,276,542.29
103,106,048.62
107,849,438.78
3263, 197,440.33
75, 177,255.48
188,710,406.22
292,242,020.25
194,264,146.75
1 57,277,073.77
120,720, 150.99

*343,781,651. 19
138,223,573.21
174,702, 514.43
137,503,338.54
100,482,025. 14
*205,212,503.38
3.278,190,303. 16

87,827,838.51
132,546,720.68

32,452,828.29
1,310,341,151.07
35,971,603.16
1,473,868,878.74
55,813,566.83
1,597,588,446.63
40,213,996.05
1,674,874,849.45
46,800,209.06
1,823,880,495.20
94,656,029.32
1,852,901,649.63
112,949,299.42 | 1,855,291,747.19
73,520,461.92
1,864,899,822.70
61,734, 251.55
1,842,437,087.94
69,684,660.98
1,821,398,839.71
51.202,045.08
1,956,670,009.71

2,258,833,is 36

742,573, 135.13
86, 163,948.38
82,739,872.01
91,311,857. 53
91,123,212.32
66,997,270.39
67,831,390.42
*443,161,666.45
136,883,990.63
71,019,841.07
79, 138,232.20
73,407,675.50
*114,654,725.17

22, 143,225,388. 11 21,827,926,020.03 21,404,433,682. 07
*34,503,937.25
*21, 194,318.77
*39,080,021.77
194,778,277.79

49,275,454.45
54,737,368.83
39,625,005.23

;}

:É ºº;;7
l

ii
.i
i
:
#
37

,474 50
1

649

664,233,762. 11
,682,125,757.62

2,682, 125,757.62

73,431,516.58 || 2,657,969,695.49
60,583,066.71
2,652,123,997.61
*54,747,687.70 || 2,637,001,315. 14

143,637,828.51 | * 188,762,270.99 || 2,637,001,315. 14

*60,387,255.59
*56,104,278.17
*46,386,719.59
*61,729,009.88
* 155,894,763. 15 | * 137,909,310.28

Total, third quarter-----

2,258,633,419.66

*262,668,738.33

255,742, 598.33

44,601,645.58
29,118,462.82
146,588,403.04

124,588,307.71
51,347,752.32
42,029,803.99

47,991,834.97 || 2,645,113,758.34
46,991, 184.58
2,659,851, 583.64
*53,855,675.75
2,743,905,218.17
a 148,838,695.30

2,743,905, 218.17

60,097,641.65
2,808,395,884. 23
40,307,678.91 || 2,819,435,957.64
*32,280, 105.26
2,829, 185,656.37

220,308,511.44

217,965,864.02 || 4132,685,425.82

2,829, 185,656.37

Grand total.------------- 7,405,819,247.91

5,746,427,319.06 *2,917,241,662. 69

2,829, 185,656.37

*These figureshave been adjusted on account ofrescissions.

* Revised

*includes $193,618,000representingrefinancing of loanspreviously made by the corporation to Federal
land banksfor differentindividualamounts, but in the same aggregate amount.
*Exclusive ofrepayments unallocated, pending advices, as ofSept. 30, 1935.

58

REPORT of THE REconSTRUCTION FINANCE coBPORATION

TABLE 7–Amount of authorizations, disbursements, repayments, and amounts.
outstanding from Feb. 2, 1932, to Sept. 30, 1935, inclusive, by months and
classes—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

Am oun t author- || A mo u nt disized 1
bursed

M on th

Amount out

A mou nt repaid

standing at end
of period
-

1932

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

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

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

$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
6,258,651.69
,303,490.41
112,777,799.45
72,785,680. 60
61,116,379.75
69,504,739.84
50,016, 520.06
63,733,126.65

1,170,645,000.64
1,294,422,680.70
1,361,575,732. 13
1,384,230,901.43
1,473,599,090.96
1,478,489,451.07
1,461,607, 325.71
1,458,260,051.24
1,422,230,065.67
1,389,920, 011.22.
1,445,345,254.61
1,550,206,286.92

*1,530,392,605.92 - 1,156,942,666.34

734,506,505.63

1,550,206,286.92

84,182,129.23
209,735,830.65
155,329,303.10
100,727, 111.30
111,284,726.83
120,001,798.76
133,113,288. 14
50,602,085.60
38,383,943.05
234,808,928, 52
133,733,431.32
* 158,490,029.42

1934

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

April
May
June

July-------A u g u s t --

September
October-Novembe
December----------

-

-

-

-

*94,423,266. 10 || 1119,658,387.83
50,704,384.93
51,261,401.56
78,974,376.38
17,583,575.76
67,322,629.87
50,594,695.21
47,246,962.68
37,556,112.69
*216,841,335. 39
*42,730, 239. 15
40,033,755.48 || 3220, 497,277. 29
108,236,047.63
42,804, 762.57
13,772,623.10
19,769,795.78
54,077,617.59
29,873, 546.39
29,970,823.77
58,388,677.59
61,814,365. 16
89,867,446.31

84,916,873.72
1,584, 947,801.03
74,601,072.02
1,561,608, 130.57
80,250,219.70
1,498,941,486.63
83,887,390.77
1,465,648,791.07
63,907,811.57
1,439,297,092.19
56,331, 117.33
1,425,696,214.01
315,413,979.06
1,330,779, 512.24
81,611, 116.08 || 1,291,973, 158.73
33,983,939. 27
1,277,759,015. 24
32, 193,172.10
1,275,439,389, 53
48,447,847. 24
1,285,380.219.88
*79,384,017.47
1,295,863,648.72

Total.--------------------| *863,418, 188.08 || *780,585,918. 13 |*1,034,928,556.33
12,890,099.01
12,654,708. 87
17,373,681.30

61,868,910.95 || 1,251,413,419.71
49,094.782.72
1,217, 196,428.76
*48,588,344.01 || 1,180,056,483.81

42,918,489.18

43,744, 872.77

1159,552,037.68

1,180,056,483.81

46,755,770.37
*26,510, 007.66
*23,591,396.65

*23,042,158.55
*37,987, 580.08
* 17,054, 165.21

39,260,602.74
40,848,372.78
*43,813,083.43

1,163,838,039.62
1,160,977,246.92
1,134,218,328.70

*96,857, 174.68

*78,083,903.84 || 2 123,922,058.95

1,134,218,328.70

24,331,000.00
11,018,098.47
7,653,033. 16
Total, third quarter-----

17,418,681.94
14,877,791.77
11,448,399.06

1,295,863,648.72

43,002, 131.63

Grand total-------------- 4,199,920,933.93

7,394,725.62
11,236, 508,67
4,283,894. 47

40,906, 594.98 || 1,100,706,459.34
31,411,065.87 | 1,080, 531,902. 14
*23,350,970.93 || 1,061,464,825.68

22,915, 128.76

*95,668,631.78 | 1,061,464,825.68

3,509,875,612.48 42,448,410,786.80

1,061, 464,825.68

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

*Includes $193,618,000representingrefinancingofloans previously made by the Corporation to Federal

landbanksfordifferentindividualamounts butinthesameaggregateamount.
*Exclusive ofrepayments unallocated, pending advices, asofSept. 30, 1935.

REP O RT

OF

T H E

RECONS TRUCTION

FINANCE

CORPORATION

59

T AB LE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Sept. 30, 1935, 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 (IN C L U D I N G R E C E I V E R S , L I Q U I D A T I N G A G E N T S
A N D CONSERVATORS)

[Under sec.5 ofthe Reconstruction Finance Corporation Act, asamended]
Am oun t author- I

Mo n t h

-

ized

$44,625,300.00
108,751,135.06
152, 103,931.93
113,117,970.34
219,786,560.56
97,265,633.42
87,776,078.12
29,951,680.23
1,802,702.58
23,249,644.02

October-.
November

December--------------------Total

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

Total, third quarter-----

A mo un t repaid

Am oun t out
standing
at end
of period
-

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
28,200,745, 53
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
223,009, 987.62
318,617,351.67
424,895, 525.03
,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
63,489,340.88
55,456,202.42
38,949,096.07
100,595,536.74
,461,223.34
21,620,010.53
103,270,900.08
260,466.80
* 107,969,632.44

43,125,290.40
78,112,411.70
62,900,655.93
223,914,051.40
87,947,700.34
12,034,738. 64
66,053,436.74
52,493,748.50
15,610,326.79
15,030,459.24
,296,831.40
71, 174,894.58

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
46,126,511.29

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, 171,907.89 | *578,694,545.66

461,876,038.42

711,430, 194.20

62,846,850. 20
48,970,789.33
51,960,680, 63
50,408,898.02
42,850, 134.36
41, 116,858.67
31,973,085. 12
25,421,255.95
23,291, 157.75
22,001,093.86
32,743,423.78
*34,498, 760.08

700,754,154.41
690,589,441.83
651,308,009.66
620,597,972.95
606, 189,323.11
590,286,295. 16
578, 167,477.82
591,678,031.06
584, 154,465.88
579,935, 124.49
595, 188,201.87
626,508,320.67

1461,663,054.27 | 1383, 161,114.22 | *468,082,987.75

626.508,320.67

*52,633,752.24
40,416,599.06
49,786,538.07
46, 575,287.64
32,245, 580, 10
18,860,023.90
36,371.978.82
104,701,384.66
10,338,281.85
26,406,301.13
20,800,878.27
22,526,448, 53

9,651,799.01
9,752, 611.90
15,796, 795.73
35,201,206.64

September-.

A mo u nt disbursed

10,705,395.15
*21, 116,743. 53
* 13,911,648.65

*52,170,810.41
38,806,076.75
12,679,248.46
19,698,861.31
28,441,484.52
*25,213,830.72
19,854, 267.78
38,931.809. 19
15,767,592. 57
17,781,752.47
47,996,501. 16
65,818,878.88

11,987,985.80
9,670,568.45
9, 104,891.25

46,745,469.89
36,822,584.51
238,223,364.25

591, 750,836.58
564,508,820.52
535,480, 347. 52

30,763,445. 50 | * 121,791,418.65

535,480, 347.52

2 11,045,814.38

30,789, 168.50
30,205,719.93
*32, 116, 171.37

519,323,710.01
498,978,347.62
477,907,990.63

a45,733,787.33

*35,538,702.91

*93, 111,059.80

477,907,990.63

10,021,000.00
7,045, 104.82
7,445,453.04

5,146.095.75
9,592,499.42
2,024,621.30

28,808,681.08
23,554,983.09
* 14,650,863.09

454,245,405.30
440,282,921.63
427,656,679.84

16,763,216.47

*67,014,527.26

427,656,679.84

1,895,782,084.78 |*1,468,125,404.94

427,656,679.84

24, 511, 557.86

Grand total.-------------- 2,366,718, 514.08

* 14,632,530.99
49.860. 357. 54

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

* Exclusive ofrepayments unallocated, pending advices, as of Sept. 30, 1935.

60

REPORT of THE RECONSTRUCTION FINANCE CORPORATION

TABLE 7 – A m o u n t of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Sept. 30, 1935, inclusive, by months and
classes—Continued
BUILDING A N D

L O A N ASSOCIATIONS (INCLUDING RECEIVERS)

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

M on th

1932
March-----------------------April-------------------------By--------------------------

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

December--------------------Total--------------------

Amount out

Anºis.

Amoºthor
$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
199,696,044.75

Am oun t repaid | Standing at end
of period

$58,642.06
409,878.87
*535,840.65
a1,205,474.10
* 1,561,404.87
> 1,253,188.31
> 1,376,330.52
* 1,618,781.05
1 1,596,899.64

$2,430,500.00
12,542,044.62
31,756, 182.14
41,043,972.68
56,415,970.06
67,034,628.36
75,216,555.33
78,921, 179.72
81,133,206.26
84,246,674.60

". 93,863, 114.67

29,616,440.07

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

12,288,507.52
22,080,445.27
*2,606,799.34
*4,017,879.50
23, 135,193.43
*3,436,823.04
*2,476,046.91
*3,197,886.04
23, 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
84,831,474.94
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

430.500.00 ------------------

10,170,186.68
19,624,016.39
19,823,631.19
16,577,471.48
12,180,063. 17
19,435,115.28
5,080,954.91
3,830,807. 59
4,710,367.98

|
||
||
|
||

1933

January----------------------February---------------------March-----------------------April-------------------------May-------------------------June--------------------------

July--------------------------August-----------------------September-------------------October----------------------November--------------------December--------------------Total--------------------

14,294,724.89
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

|
|
|
|

*21,815,467.54

* 19, 187,440.08

137,196,637.09

66,237,477.59

924,203.45
43,161.85
71,317.92
42,815. 10

May--------------------------

17,606.85
80,000.00
64,000.00
265,000.00
36,000.00

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

500,000.00

a4,342,150.30
*3,310,550. 16
*4,398,506.81
*5,298,844.38
* 5,742, 590.91
*4,687,223.31
*4,149,354.04
*5,624,805.42
22,894, 139.99

62,819, 530.74
59,552, 142.43
55,224,953.54
49,968,924.26
44,484,552.43
39,827,880.62
36,178,526.58
30,553,721.16
27,659,581. 17

#####|
*2,605,830.28

#
523,859.7
###
10,313,tº is

a48,240,985.90

19,918,029.48

1934

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

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

§::::::::::::::::::::
ov er n

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

-

20,787,069.21 |-----------------21,814,676.06

1,921,537.79

- - - -

- - -

1935

#;
......................
ebruary---------------------March------------------------

Total, first quarter-----April-------------------------By--------------------------

*}8,524.90
}}|.......::77,275.00
::::::: #i.#
##|
370,165.85
- w w w - v v y

I - - - - - -

-

-

-

- v º v -

-

2

588, 524.90

i

77,275.00

---------5.31%

#
###
12,109,120.53
- * v -

v

- -

-

*7,886, 183.95

12,109,120.53

º f

####
1

5,827.

* ~ ~ ~ ~

- - - - - -

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

750,000.00

365,484.23

:Jºio.69

Total, second quarter----

870,000.00

374,009.13

a2,748,958.82

9,734, 170.84

513,415. 39
1,047,611. 32
*225,8

10,202,086. 39
9, 180,262.92
8,954,440.89

* 1,786,848.74

8,954,440.89

116,430,495.46 | *107,476,054.57

8,954,440.89

July--------------------------220,000.00
981,330.94
August------------------------|-----------------25,787.85
September--------------------|-----------------------------------Total, third quarter-----

220,000.00

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

145,004,713.25

1,007, 118.79

-

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

* Exclusive of repayments unallocated, pending advices, as of Sept. 30, 1935.

5,731.17):

REPORT

OF T H E

RECONSTRUCTION

FINANCE

CORPORATION

61

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

outstanding from Feb. 2, 1982, to Sept. 30, 1935, inclusive,Aby months and
classes—Continued
INSURANCE COMPANIES

[Under sec. 5ofthe Reconstruction Finance Corporation Act, asamended]

M ont h
.."

A mo u nt authorized 1

A m ou n t disbursed

Amount out

A mo un t repaid I standing 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.

$74,400.00
17,991.37
378,115.24
99,965. 64
409, 111.04
296,009.69
924,791.50
964,884. 50
695,473.62
1,727,995.92

$6,561, 520.00
0,684,778.63
18,820,888.39
440, 166.58
49,100,805.03
53,466,005.75
57,232,934.62
57,893,494.13
58,863,849.29
62,448,880.40

83,048,931.66

68,037,618.92

5,588,738.52

62,448,880.40

August-SeptemberOctober.-NovemberDecember---------------------

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
,252.19
9,514,589.21
1,678,000.00
2,256,149.25
947,098.39
964,476.50
1,238,304.75
,000.00
382,000.00
355,888.94
389, 503.38

522,669.22
249,134.17
315,230.93
1,453,255.23
960,955.02
4,627,689. 07
3,040,046.40
1,019,754.86
1,032,068.17
702,310. 55
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
67,745,099.61
67,424,789.06
64,922,407.74
60,929,559.99

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

17,479,935.85

19,644,414.60

21,163,735.01

60,929,559.99

237,425.80
668, 104.13
719, 100.00

4,897,331.31
2,878,747.39
3,224,029.44
13,323,826.10
2,857,802.42
835,205.22
2,039,300.98
1,160,799.19
831,357.84
864,938.90
602,486.82
4,504,357.43

56,269,654.48
54,059,011.22
51,554,081.78
38,250,350.82
35,398,253.26
34,563,048.04
32,523,747.06
31,362,947.87
,531,990.03
29,852,051.13
29,249,564.31
24,745,206.88

38,020, 183.04

24,745,206.88

792,205.65
1,428,663.61
567,264.63

23,953,001.23
22,525,968.93
21,958,704.30

October----------------------November--------------------December--------------------Total--------------------

Total, first quarter------

Total, Second quarter----

-

,858.81
185,000.00
7,328.00 -----------------275,000.00 l-----------------2,254,690.77

2,300.00

1,835,829.93

1,631.31

65,000.00 l------------------

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

102,850,858.28

89,519,494.76 |

2,788, 133.89

21,958,704.30

801,232.98
1,316,319.75
*639,112.01

21, 157,471.32
19,841, 151.57
19,202,039.56

12,756,664.74

19,202,039.56

1,184,003.33
493,821.30
4361,227.57

18,018,036.23
17,524,214.93
17,162,987.36

*2,039,052.20

17,162,987.36

*72,356,507.40

17,162,987.36

*These figureshave been adjusted on account ofrescissions.
y

•Exclusiveofrepayments unallocated, pending advices,asofSept. 30,1935.

62

REPORT

OF THE

RECONSTRUCTION FINANCE CORPORATION

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 8, 1932, to Sept. 30, 1935, inclusive, by months and
classes—Continued
M O R T G A G E LOA N COMPANIES

[Under sec.5 ofthe Reconstruction Finance Corporation Act, asamended]

Month

Am oun t author

A m o un t dis

ized 1

bur sed

$6,517,000.00
7,360,000.00
22,968,000.00
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
Total--------------------

$1,277,000.00 -----------------7,857,925.08
$38,159.93
5, 177,732.43
209,644.67
*52,324,954.74
*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
2,023,729.34
* 1,317,632.34
2,620,710.93
*2,936,546.08

standing at end
of period

$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

188,423,020.39

* 11,322,275.50

7,100,744.89

13,262,000.00
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

24, 127,585.40
32,031,442.60
*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
1767,237.17
23,572,569. 70
1770, 726.77
*946,493.45
* 1,846,684.17
*3,795,422.98
*2,307,788.41
a4,832,302.50
* 1,620,207.40
*1,446,509.45

79,525,098.85
109,873,010.79
113,413,898.87
110,361,340.69
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

*126,041,674.07

*25,292,704. 10

177,849,714.86

24,697,383.04
*12,644, 510.49
26,977,920.26
2 3,341,573.73
* 5,202,945.41
24,890,670.89
* 11,991,693.98
*25,671, 723.08
*4,077,670.78
*3,221,891. 13
*4,364,689.66
*4,423,618.35

178,943,441.82
167,315,296.53
161,095,929.81
187,473,675.79
,865,874.00
191, 575,076.60
184,214,683.74
161,350,854.83
100,093,634.04
158,797,218.31
155,662,433.80
159,769,324.47

*91,506,290.80

159,769,324.47

Total-------------------- *234,417,845. 44

4, 308.125.25
520, 010. 92

2,808, 796.97
1,527,600.00

2,753, 196.14
4,944, 592.01
1,666,232.81

*6,651,877.68
*5,831,632.01
*5,138,858.41

155,870,642.93
154,983,602-93
151,510,977.33

7,014,796.97

9,364,020.96

*17,622,368.10

151,510,977.33

1,908, 475.22
528,264. 13
8, 189,000.00

1,119,327.56
921, 575.39
1,524,471.30

*3,749,978. 56
*3,527, 181.35
*2,392,572.69

148,880,326.33
146,274,720.37
145,406,618.98

10,625,739.35

3,565,374.25

*9,669,732.60

145,406,618.98

14,090,000.00
3,956, 593.65
151,580. 12

1,000,598.93
1,600,621.40
2,236,173.17

6,604,935.40
5,330,340.17
* 5,962,393.40

139,802,282.51
136,072,563.74
132,346,343.51

*

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

Amount out

A mo unt repaid

v -

w

º v v -

18,198, 173.77

4,837,393. 50

-17,897,668.97

132,346,343.51

449,269,819.90

305,657,383.58

“ 173,311,040. 07

132,346,343.51

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

* Exclusive of repayments unallocated, pending advices, as of Sept. 30, 1935.

REPORT

OF

T H E

RECONSTRUCTION

FINANCE

CORPORATION

63

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1982, to Sept. 30, 1935, inclusive, by months and
classes—Continued
CREDIT UNIONS

[Under sec.5ofthe Reconstruction Finance Corporation Act, asamended]
Am oun t author-

Mo nt h

Am ou nt out

A m o u n t disbursed

Am oun t repaid

-

ized 1

standing
at end
of period
-

1932

May-------------------------June------------

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

$350,000.00
55,000.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

$338,437.00 -----------------29,290.00
$3,393.00
5,625.00
275.00
1,235.00

-

$338,437.00
364,334.00
369,684.00
449.00

367,799.00

650.00

1,150.00
1,240.00

649.00

432,155.00
431, 260.00

895. 00

472,446.00

440,098.00

8,838.00

9,555, 00

9,555.00

305.00
1,875.00
2,140.00
1,095.00
1,150.00

- - - - - - - - - -

18,594.53
11, 179.99
17, 668.65
57,551.20

512,498.21

12,707.44
1,182.22
5,594. 39
4,703.20
6,736.17
54,915.15
38,410.00

--------------'------------------

65,000.00 ------ - --------50,000.00
115,495. 70
-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

143, 555.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

545.00

1,214.80

-

August------------------------|---------------September------------------10,000.00
9,733.71
October-----------------------|---------------- l-----------------November-------------------- I --------------December--------------------4,000.00
4,000.00

841.
941. 40

-

-

138,789. 41

650.00

499,790.77
498,608. 55
493,014. 16
488,310.96
483,541.59
428,626.44
390,216.44
389,258.41
388,200.22
387,345. 22
386, 107.72
385,457.72

129,007.29

385,457.72

18,474.32
6,334.52
24,055.34

366,983.40
360,648.88
336,593. 54

48,864. 18

336,593.54

2,089.96
13,420.00
*4,320.00

334, 503.58
340,325. 16
336,005. 16

* 19,829.96

336,005. 16

4,500.00

331, 505. 16
330,890. 16
330,325. 16

958. 03

1,058.19
855.00

1,237.50
Total.--------------------

Total, second quarter. --

1,966.80

20,000.00

1,966.80

19,241.58

615.00
* 565.00

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

642,967.80

600,095.79

*5,680.00
4.269,770.63

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

•Exclusiveofrepayments unallocated, pending advices, as of Sept. 30, 1935.
3 77 8 1– 3 6

5

431,260.00
440,510.00
438,635.00
436,495.00
435,400.00
434,250.00
549,200. 70
547,985.90
547,144. 07
555,941. 38
537,346.85
526, 166.86
512,498.21

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

10,000.00 ------------------

-

|

330,325. 16
-

330,325. 16

64

RE PO RT

OF

T H E

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Sept. 30, 1935, inclusive, by months and
classes—Continued
FEDE RAL L AND BANKS

[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
A m o u n t authorized 1

Month

Amount out

-

A m o u n t dis-

bursed

Amo unt repaid

standing
at end
of period

-

1932

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

18,500,000.00

300,000.00

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

-

November
December-

77,818,000.00
31,200,000.00

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

145, 518,000.00

123,618,000.00 ||------------------

142, 118,000.00

January-31,500,000.00
February----------------------------------March

51,500,000.00 ------------------

193,618,000.00
193,618,000.00
193,618,000.00
193,618,000.00
193,618,000.00
193,618,000.00
124,863,708.06
116,356,656.79
115,954,701.37
115,154,852.82
110,688, 119.46
78,455,398.71

1934
-

-

-

Aprilay

June.--------------------------| * 193,618,000.00 ------------------|-----July3$262,372,291.94
8,507,051.27
August
September
401,955.42
ctober--799,848, 55
Nov emb e
4,466,733.36
32,232,720. 75
-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

* 245, 118,000.00 || 3308,780, 601.29

-

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

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

78,455,398.7

1,491,325.35
2,490,737.91
2,210,356.78

76,964,073.36
74,473,335.45
72,262,978-67

6,192,420.04

72,262,978.67

1,788,778. 22
4,075,855.88
*6,525, 135.46

70,474,200. 45
66,398,344. 57
59,873,209.11

*12,389,769.56

59,873,209.11
58,276,906. 41
57,883,341.47
56,340,386-07

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

*399,636,000.00

*3,532,823.04

56,340,386.07

3.387,236,000.00 |**330,895,613.93

56,340,386-07

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

*Includes$193,618,000,representingrefinancing ofloans previously made by the Corporation to Federal

landbanks fordifferentindividualamounts but inthesameaggregateamount.
*Exclusive ofrepayments unallocated, pending advices, as ofSept.30, 1935.

º

* Represents
ofloans previously made by the corporation to Federal land banks for different
individual amounts, but n the same aggregate amount.

R E P O R T O F T H E R E C O N S T R U C T I O N F IN A N CE C O R P O R A T I O N

65

TABLE 7–Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Sept. 30, 1935, inclusive, by months and
classes—Continued
JOINT-STOCK L A N D B A N K S

[Under sec.5 ofthe Reconstruction Finance Corporation Act, as amended]
Am oun t author
ized i

Month

Am oun t out

Am oun t dis

Am oun t repaid

bursed

standing at end
of period

1932

616,718, 53

7,781.50

$724,877. 11
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

2,527,845.62

62,544.32

2,465,301.30

153,352.93
2,216,010.83
425, 764.41
1,539,453.87
824, 170.65
258,000.00
852,097.99
1,300,383.90
703, 170.07
1,705, 290.08
1,617,964.83
824,614.58

6,942.54
3,091.95
7,149, 82
32,041.07
39,710.48
44,078.94
46,454. 79
62,065.08
79,536.90
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

12,420, 274.14

744, 537.17

14,141,038.27

229,765. 28

752,526.68
478,487. 62
2,038, 593.69
523,437. 61
428,024.35

-

-

-- -

d an .
-

* * * ** *

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

14,806,172.68
January-----------------------

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1 º v v .

117,817. 54
147, 787. 41

415, 243.08
614,360. 13

13,618,276.87
13, 158,452.27
11, 119,858.58
10,596,420.97
10, 168,396.62
9,139,902.18
8,469,581. 12
7,636,253.54
7.508,075. 41
7,250,503.50
6,953,077.96
6,486,505. 24

711, 252. 53

8,365,785. 56

6,486,505.24

1,107,856, 17
414,350.00
935, 035. 54

5,378,649. 07
4,964,299.07
4,029,263.53

2,457, 241.71

4,029, 263. 53

328,214.57
*107,818.81

3,701,048.96
3, 146,482.42
3,038,663.61

:990,599.92

3,038,663. 61

232,657.62
423,310.09
*1,672.00

2,806,005.99
2,382,695.90
2,381,023.90

18,663.02
-

-

-

1,028.494. 44

670,321.06
833, 327. 58

325,397.41
257, 571.91

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

52,400.00 ||------------------

554, 566. 54

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21, 155,572.68

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,659,372.29

4657, 639.71

2,381,023.90

*13,278,348.39

2,381,023.90

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

* Exclusive ofrepayments unallocated, pending advices, as ofSept. 30, 1935.

66

REPORT

OF THE

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Sept. 30, 1935, inclusive, by months and
classes—Continued
FE DER AL INTERMEDIATE CREDIT BANKS

[Under sec.5 ofthe Reconstruction Finance Corporation Act, asamended]
A m o u n t out
A mo unt repaid I standing at end
of period

le

Amoºthor

M on th

Anºis.

1933

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 C UL T U RA L CREDIT CORPO RATIONS

[Under sec.5 ofthe Reconstruction Finance Corporation Act, asamended]
$21,200.00
-

-

-

-

-

212,619.43

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

3,619,850.98

3,456,627.33

1,082,310.40

2,374,316.93

101,252.10

155,952. 10
2,647.85
244,722.72

207,830. 11
167, 148.22
175,351.39

2,322,438.92
2, 157,938. 55

131, 280. 12
193, 526.26

226, 251.38

-

-

-

-

-

-

-

-

-

-

-

-

$1,000.00 -----------------,200.
18,650.00
$600.00
246, 515.87
2,186.90
400,621.07
2,647.41
534, 151.82
7,613.68
539,074.94
74,450.98
1,206,884.22
356,814.61
276, 909, 98
352,082.06
- - - - - - - - - - - - - - - - - -

-

84,802.05
216,438. 07
444,783.85
594,021.62
702, 129.04
1,194,785.15
135,809. 15
225,882.05
Total--------------------

240,000.00

442,904.36
20,825.00
163,077.91

59,708. 52

303,275.79

1,959,634.31

1,729,011. 24

2,412,027.46

1,691,300. 71

83,894.35

25,491.70

242,761.43
260,313. 12

1,474,030.98
1,213,717.85
1,134, 151.64
902,437.79
800,349.97

139,539, 54
279,255.80

76,730.88

153, 124, 13
175,878, 58

195,922. 58
166,418. 12
41,805. 22
111, 809. 20

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

254, 111.58

-155,384.25
113,609.94
288,005.60

185,481: 62
8,194.00

177, 306.41

79, 566.22

281,713.85
102,087.82
-

November-

December-.
-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

201,022.01
197.866, 93

201,001.35
142,751.44

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

800, 349.97

118.23
552.85

800,231.7%
799,678.89

10,622.80
186,326. 54
3,000.00
11,356.72

789,056.09
602, 729. 55

1,178,419.58

863,372.83

599,729. 55
863,372.83

863,372.83
863,239.
860.739. 33

860,739.33
860,739.33
887, 500.00
873,500.00
873,500.00
872, 0x0.00
-

Total, third quarter----G r a n d total.-------------

-

-

6,040, 140, 31

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,562,890.94

872,000.00
866,250.00

* 7,250.00

866, 250 to

*4,696,640.94

866,250.00

* These figures have been adjusted on account of rescissions.

* Exclusive ofrepayments unallocated, pending advices, asofSept. 30, 1935.

REPORT

OF THE

RECONSTRUCTION

FINANCE

CORPORATION

67

TABLE 7-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1982, to Sept. 30, 1935, inclusive, by months and

classes—Continued
R E G I O N A L A G R I C U L T U R A L CR ED IT C O R P OR A T I O N S (REDISCOUNTS)
[Under sec. 5 ofthe Reconstruction Finance Corporation Act, asamended]

Mo nth

Amoºthor Anºliº

Amount out

Amount repaid

standing atend
of period

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

$7,285,972.50

$5,372,062.60

$655.03

$5,371,407. 57

7,285,972.50

5,372,062. 60

655.03

5,371,407.57

15,360, 112.84
20,758,427.15
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

104,646.84
1,798, 634.47
1,330, 314.09
2,009, 169.89
2,652, 548.71
4,473,920.65
12,898,417.70
28, 148,010.72
26,330,278.71
22,014,809.
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

149,782, 151.12

125,268,410.43

29,885, 148.26

153,386,252.64

5,739,993. 04
5,075,284. 50
5,708,256.95
6,213,407. 61
2,706,353.39
3, 151, 195.84
1,164,925.89
949,023.95
227,324.30
148,713.81
943,267.89
282,680.28
733,276.66
770,640.71
350,570.69
158,259.21
243,266. 14
762,747.35
341,888.41 ||-----------------9,103.98
577,473.74

6,577,453.24
28,382,979.52
5,451,438, 28
29, 144,948.85
10,215,590. 51
22,080,554.18
8,734, 142.18
14,295,435.95
5,559, 706.67
8,884,443.09
2,536,248.77
6,630,874.60
1,235,772.65
6, 165,742.66
1,677, 537.10
4,646,464.77
1,662,209.86
3,747,002.26.
1,127,072.76
2,619,929.50.
3,197,403.24 |-----------------

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

18,168,227.34

18,089,427.00

47,974, 575.26 ------------------

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

178,840,452.48

173,243,640.72

173,243,640.72 ||------------------

1Thesefigures havebeen adjustedonaccountofrescissions.

68

RE PO RT

OF

T H E

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Sept. 30, 1935, inclusive, by months and
classes—Continued
LIVESTOCK CREDIT CORPORATIONS
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]

Mo nt h

Amoºthor
$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
Total.-------------------

13, 145,602.85

14,594, 962.00

Amo unt repaid

$470,990.00 -----------------1,659, 550.00
$4,508.69
1,214,017.01
20,249.41
2,549,078.00
,771.65
1,315, 563. 16
255,983. 27
408, 041. 41
1,944, 974.76
1,534,779. 79
504,242.20
521,319.62
605,885.43
452,663.65
552, 119. 55
147,467.62
1,574,457.21
11,810,403. 61

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

Amount out

: *

Anºliº

12,937,732.81

standing at end
of period

$470,990.00
2, 126,031.34
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

4,062,258,82

7,748, 144.79

1,453, 586.08
919,864. 29
397,576. 56
359,976,98
343,254.35
366,727.39
315, 517. 13
651,462. 14
243,334.89
284, 155.23
292,442.13
453,647. 07

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

6,081, 544.24

2,424,929.99

213,496. 61
140,787.36
357,209.87
97,929. 59
43, 547.64
32,917. 94
89, 570.05
5,020, 24
11, 176.85
83,879. 64
135,171.46
130, 102. 12

2,211,433.38
2,070,646.02
1,813,436. 15
1,715, 506. 56
1,671,958.92
1,707,481.59
1,617,911.54
1,612,891.30
1,601, 714.45
1,543, 393.96
1,463,222.50
1,333, 120.38

1,340,809. 37

1,333,120.38

21,406.46
42,035.24
13,743.21

1,311,713.92
1,269,678.68
1,255,935.47

77,184.91

1,255,935.47

1,121.50
30,817. 50
238, 152.35

1,254,813.97
1,343,996.47
1,305,844. 12

* 70,091.35

1,305,844. 12

176,791.77
64,712.48
*40,275. 57

1,129,052.35
1,064,339.87
1,024,064.30

*281,779.82

1,024,064.30

* 11,913,668.51

1,024,064.30

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

* Exclusive ofrepayments unallocated, pending advices, as ofSept. 30, 1935.

R E P O R T OF

THE

RECONSTRUCTION

FINANCE

CORPORATION

69

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Sept. 30, 1935, inclusive, by months and
classes—Continued
R AI LR O AD S (INCLUDING R ECEIV ERS A N D TRUSTEES)
[Under sec.5 ofthe Reconstruction Finance Corporation Act, as amended)

Month

Amo unt authorized 1
-

Amo unt disbursed

A mou nt repaid

Am oun t ou t
standing at end
of period
-

1932

February---------------------ch

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

$46,975, 757.00
13,812,000.00
37,931,457.00
,923,538.
54,239,972.00
16,392,085.00
12,798, 583.00
21, 293, 541.00
25,926,269.00
38,226,000.00
8,915,891.00

$31,322, 257.00 ||-----------------24,791,500.00
$1,147,952.00
18,816,333.00 ||-----------------15,898,637.00
2,815,727.74
54,824,813. 50
2,203,000.00
27,545,736.00
2,990,000.00
41,963,445. 50
224,884.31
12,888,851.00
260,000.00
24,931,816.00
1,910, 500.00
8,682,808.00
162,498.66
22,645,074.48
125,000.00

$31,322,257.00
,965,805.00
73,782, 138.00
,865,C47.26
139,486,860.76
164,C42,596.76
205,781, 157.95
218, 410,008.95
241,431,324.95
249,951,634.29
272,471,708.77

337,435,093.00

284,311,271.48

272,471,708.77

3,000,000.00
19,449,922.00
,297,828.00
,906, 583.00
,200,000.00
,950, 000.00

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.
1
24,028, 144.47
455,878.25
360,000.00
6,199,220.26
76,707. 61
139,132.18
-

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

Total, second quarter----

74,410,585.00

109,782,987.01

45,088,570.37

337,166, 125.41

3,697,480.00
4,495, 623.00
103, 160.00
115,580.00
104,880.00
9,034,862. 55
1,122,500.00
906,800.00
221,386.59
9,904,490.48
8,386,980.00
15,095,271.00

9,562.52
29,749.17
100,000.00
349,156.56
244,489.18
347, 525.41
18,109.67
12,166,827.85
108,037.50
7,971.40
48,559.81
31,282.25

340,854,042.89
345,319,916.72
345,323,076.72
345,089,500. 16
344, 949,890.98
353,637,228. 12
354,741,618.45
343,481, 590.60
343,594,939.69
353,491,458.77
361,829,878.96
376,893,867.71

53,189,013.62

13,461,271.32

376,893,867.71

2,660,000.00
1,000.00
600,000.

89,381.13
13,730.67
103,000.00

379,464,486.58
379,701,755.91
380, 198,755.91

3,511,000.00

206, 111.80

380, 198,755.91

900.00
000.00
748.00

7,267,300.00
27,031, 120.00
1,738,480.00

853,761.83
228,930.32
808, 500. 54

386,612,294.08
413,414,483.76
414,344,463. 22

36,519,648.00

36,036,900.00

1,891,192.69

414,344,463. 22

266,700.00
17,600.00
7,100.00

1,272,813.41
6,133.41
4454,133.41

413,338,349.81
413,349,816.40
412,902,782.99

291,400.00

* 1,733,080.23

412,902,782.99

487,122,572.11

*74,219,789. 12

412,902,782.99

July--------------------------------------------August--

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

280,041,256.41
296,229,012. 39
310,919,714.29
323, 194,850.60
340,854,772. 40
354,059, 351. 20
331,333,806.73
331, 159,728.48
331,813,028.48
330,243,015. 52
333,485,966.23
337,166, 125.41

494,375,728.00

1 These figures have been adjusted on account of rescissions.

*Exclusive ofrepayments unallocated, pending advices, as ofSept. 30, 1935.

70

REPORT of THE REconSTRUCTION FINANCE corporation

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

outstanding from Feb. 2, 1932, to Sept. 30, 1935, inclusive, by months and
classes—Continued
PROCESSORS O R DISTRIBUTORS W H O

A R E SUBJECT TO PROCESSING T A x e s

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

M ont h

A mou nt authorized 1

Amount o u t

Am oun t disbursed

21,733.69

7, 333. 69

3,787.90

6,816. 69

Am oun t repaid

standing at end
of period
-

;55

i
;i
14,718.06
STATE FU ND S C R E A T E D

FOR T H E

*14, 150.38

567.68

P UR P OS E O F INSURING R E P A Y M E N T

POSITS O F

PUBLIC

OF D E

M O N E Y s

[Under sec.5 ofthe Reconstruction Finance Corporation Act, as amended]
1933

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

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

324,650.95
433,516.88
892,527.88
1,518,737.55
869,746.64
801,057. 53
835,951.34
534,440.83
369,154.88
500, 145.03
423,985.61
330,473.67
7,834,388. 79
January----------------------------------------------------------February-March-----------------

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

;.

10,787, 715.88

10,764,631. 18

5,488,314.79
5,054,797.91
4, 162,270.03
2,643,532.48
1,773,785.84
3,472,728.31
2,636,776.97
2,102,336, 14
1,733,181.26
1,233,036.23
809,050.62
478,576.95
478, 576.95

478, 576.95

*260, 159.51
2260, 159.51

2,116,755.79
2,116,755.79

510,994.28
95,974.07
* 102,813.46
*709,781.81

1,605,761.51
1,509,787.44
1,406,973.98
1,406,973.98

*9,357,657.20

1,406,973.98

ºurshave been adjusted on account of rescissions.

evised.

*Exclusiveofrepayments unallocated, pending advices, as ofSept. 30, 1935.

REPORT of THE REconSTRUCTION FINANCE coRPoRATION

71

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

outstanding from Feb. 2, 1932, to Sept. 30, 1935, inclusive, by months and
classes—Continued
B O R R O W E R S E N G A G E D IN T H E F IS HI NG I N D U S T R Y

[Under sec.5 ofthe Reconstruction Finance Corporation Act, as amended]
A mou nt author- || Amou nt dis
ized 1
bursed

Month

Amount out

Am ou nt repaid

standing at end
of period

$42,500.00 l------------------|------------------|-----------------,000.00
$25,000.00 l-----------------$25,000.00
57,000.00 ------------------|-----------------5,000.00
119,500.00

Total, first quarter------

25,000.00 l------------------

25,000.00

7,500.00
17,500.00 l-----------------11,000.00
10,000.00 -----------------14,000.00 ------------------|------------------

42,500.00
52,500.00
52, 500.00

32,500.00

52,500.00

27,500.00 ------------------

75,500.00
75,500.00
78, 500.00
78,500.00
78,500.00
78, 500.00
92,000.00
92,000.00

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

-

-

727,400.00

94, 500.00

* 2,500.00

92,000.00

T O T A L , SEC. 5c 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 , A S
A M E N D E D ( S U B S C R IP T I O N S F O R N O N - A S S E S S A B L E S T O C K O F M O R T G A G E L O A N
COMPANIES)

Total, third quarter
Grand total

12,000.000.00

10,000,000.00

1 These figures have been adjusted on account ofrescissions.
* Exclusive ofrepayments unallocated, pending advices, as of Sept. 30, 1935.

72

REPORT

OF THE

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1982, to Sept. 30, 1935, inclusive, by months a nd
classes—Continued
TOTAL, 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 NC E C O R P O R A T I O N ACT, A s
A M E N D E D

Month

A mou nt author
ized I

Am oun t dis
bursed

$924, 500.00
3,138,900.00 ---------4,273,475.00
4,012.800.00
338.
5,686,350.00
1,402,466.91
*6,064, 150.00
7,736.48
4,802,360.00
2,486,398.45

Amount o ut

Am oun t repaid

standing at e n d
of period

-

-

-

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

*****

-

-

-

dº
27
-0 8

3,968.80
26,581.89

4,166,284-76
6,626, 101.32

228, 902, 535.00

6,742,780. 11

116,678.79

6,626, 101.32

*5,331, 550.00
24, 121, 100.00
5,739,771.93

1,907,767.64
2,217,094.26
2,149,499.91

21,117.59
82,601, 59
58,401.65

8,512,751.37
10,647,244.04
12,738,342.30

*15, 192,421.93

6,274,361.81

162,120.83

12,738,342.30

6,987,915.00
24, 218, 194.88
*10,984, 130.06

2,042,758.77
3,238,520. 55
4,235,210.82

128,981.59
212,778.00
* 167,061.13

14,652,119.48
17,677,862-03
21,746,011. 72

*22, 190,239.94

9,516,490. 14

a508,820.72

21,746,011. 72

7,505, 145.58
11,607,403.86
6,002,032.23

4,410,737.99
3,777,486.28
3,038,710.62

239,375.17
193,000. 52
*215,601.97

25,917,374.54
29,501,860. 30
32,324,968. 95

Total, third quarter-----

25, 114,581.67

11,226,934.89

*647,977.66

32,324,968. 95

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

91,399,778.54

33,760,566.95

* 1,435,598.00

32,324,968.95

L O A N S T O INDUSTRIAL O R C O M M E R C I A L BUSINESS
[Under Sec. 5d of the Reconstruction Finance Corporation Act, as amended]
1934
June---------------------------

July-AugustSeptember
October--November
December--------------------Total--------------------

$924, 500.00 -----------------3,138,900.00 -----------------4,255,850.00
$273,840.00
3,602, 500.00
1,642, 338.27
4,606, 700.00
1,402,466.91
*5,299, 150.00
937,736.48
3,949, 750.00
2,058,898.45
-25,777,350.00

6,315,280. 11

23,863, 100.00
*3,570,600.00
5,166,471.93

1,571,634.31
2,053,844. 26
1,666,500.38

2 12,600, 171.93

5,301,978.95

6,144,915.00
*3,334,694.88
* 10,396, 196.73

1,801,258.77
2,934,520.55
3,895,744. 15

83, 151.59
212,698.00
* 166,378.

?19,875,806.61

8,631,523.47

2462,228.23

19,514,664.68

6,685,045, 58
10,866,087. 20
5,533, 182.23

4,015,443.83
3,439,670.76
2,934,408.66

235,675.36
185,635.64
*201,889.78

23,294,433.15
26,548,468.27
29,280,987. 15

1935

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

February--

Total, second quarter----|

13,063,476.62
15,785,299.17
19,514,664.68

Total, third quarter-----

23,084, 315.01

10,389, 523.25

4623,200.78

29,280,987.15

Grand total-------------

81,337,643. 55

30,638,305.78

* 1,357,318.63

29,280,987. 15

ºurshave been adjusted on account of rescissions.

1Those
* Revised.

*Exclusive ofrepayments unallocated, pending advices, asofSept. 30, 1935.

REPORT

OF TH E

RECONSTRUCTION

FINANCE

73

CORPORATION

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Sept. 30, 1935, inclusive, by months and
classes—Continued
PURCHASES

OF

PARTICIPATIONS

º

TO

INDUSTRIAL O R

COMMERCIAL

SINESS

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

A m o u n t authorized 1

Mo nt h

-

$15,000.00
35,300.00 642, 150.00 |
521,000.00
1728,010.00
Total------------------

A m o u n t dis-

bursed

A mo un t out

Amount repaid

standing
at end
of period
-

$427,500.00 ------------------

21,941,460.00

427,500.00 ------------------

886, 500.00

336,133.33 |-----------------153,250.00
$80.00
482,999.53
6,830.00

916,803.33
1,392,972.86

*195,500.00
328,800.00

-

-

Total, first quarter------

21,410,800.00

972,382.86

6,910.00

1,392,972.86

April-------------------------ay-------------------------June--------------------------

735,500.00
*615,500.00
*217, 100.00

241,500.00
304,000.00
318,266.67

45,830.00

1,588,642.86
1,892,562.86
2,210, 147.04

Total, second quarter----

21, 568, 100.00

863,766.67

46,592.49

2,210, 147.04

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

820, 100.00
590,650.00
468,850.00

394,894. 16
329,815.52
104,301.96

2,099.81
7,364.88
* 11,712.19

2,602,941.39
2,925,392.03
3,017,981.80

80.00
682.49

Total, third quarter-----

1,879,600.00

829,011. 64

421, 176.88

3,017,981.80

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

6,799,960.00

3,092,661. 17

474,679.37

3,017,981.80

AGREEMENTS

TO

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
C O M M E R C I A L B U S I NE S S

TO

INDUSTRIAL

OR

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

$2,625.00
375,000.00
437,500.00
244,000. 00
7 124,600.00
21, 183,725.00
581,950.00
*355,000.00
.00

21, 181,450.00

1370,833.33
Total, second quarter----

$21,200.00
21,200.00 ------------------

21,200.00

July--------------------------------------------400.00
$1,600.00
August-----------------------150,666.66
8,000.00 -----------------September---------------------------------------|-----------------*2,000.00

20,000.00
28,000.00
26,000.00

Total, third quarter----Grand total-----------

-

-

*746,333.33

150,666.66

8,400.00

*3,600.00

26,000.00

3,262,174.99

29,600.00

*3,600.00

26,000.00

*These figures have been adjusted on account of rescissions.
evised

•Exclusive ofrepaymentsunallocated, pending advices, as of Sept. 30, 1935.

74

R E P O R T O F T H E R E C O N S T R U C T I O N F IN AN CE C O R P O R A T I O N

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Sept. 30, 1935, inclusive, by months and
classes—Continued
T O T A L , SEC. 5e O F

THE

-

RECONSTRUCTION
A M E N DE D

FINANCE

CORPORATION

ACT,

AS

[Authorizations on theassets of closed banks and trust companies]

Amoºthor Anºis.

Amount ou t

-

Mo nt h

Am ou nt repaid

standing at end
of period

1934

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

August----September

$81,315.61

$22,500.00 ------------------

$22,500.00
22,360.75
22,360.75

131, 116.87

22,500.00

139.25

22,360.75

79,988.24
102,059.90
193,054.63

13,211.53
48,955. 12
82,387.25

1,365.58
5,251.22
10,505.65

34,206.70
77,910.60
149,792.20

375, 102.77

144,553.90

17,122.45

149,792.20

110, 118.91
82,867.05
11,231, 136.44

92,672.48
103,261.78
91,233.42

8, 119.53
7,159.20
* 10,466.26

234,345.15
330,447.73
411,214.89

11,424, 122.40

287,167.68

•25,744.99

411, 214.89

111,000.00
164,430.65
75, 135.91

10,468,138.63
84,471. 17
42,367.47.

972, 554.09
1,759,674.15
4.385,855.72

9,906,799.43
8,231,596.45
7,888, 108.20

Total, third quarter-----

350,566. 56

10,594,977.27

43,118,083,96

7,888, 102.20

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

12,280,908.60

11,049, 198.85

*3,161,090.65

7,888, 108.20

TOTAL, E M E R G E N C Y

R E L I E F A N D C O N S T R U C T I O N A C T O F 1932, A S A M E N D E D

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

$3,000,000.00 -----------------63,931,669.00
$3,947,884.00
73, 128,502.22
10,211,699.75
103,002,382.63
17,270,389.52
22,939, 183.60
21,653, 141.09
47,042, 590.68
44,060,901.82

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

31,427,938.72
53,077, 538.81
97,028,559.23

313,044,328, 13

97, 144,016, 18

115,456.95

97,028,559.23

58,662,318. 20
73,435,643.20
47,470,404.35
54, 200,970.68
14,099,023.64
858,081.56
53, 113,497.22
219, 295.58
2,022,500.00
251,231, 180.24
124, 164,690. 24
443,674.80

42,811,872. 34
39,810,807.21
,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

139,696, 150.43
179,446, 198.04
223,262,714.50
270,311,448.02
324,798, 904.24
948,883.56
342,036, 106.48
347, 313,955.46
353,805, 257.27
362,118,993.49
397,918, 715. 10
437, 437,935.97

704,921,279.71

345,030,031. 24

4,620,654. 50

437,437,935.97

49,015,000.00
3,095, 124.63
887,000.00
860,000.00
250,484.94
9,840,000.00
15,306, 183.59
250,548,072. 15
89,343,513. 55
154,000.00
33,565, 500.00

77,648,863. 36
32,244,421.65
28,968,655.33
11,593,558.33
13,420, 158.46
49,966, 539.24
32,702, 254.72
12,281,508.03
6,756,654. 70
11, 112,286. 60
15,358,251.48
16,669, 136.80

1,055,949.66
8,029,888.88
10,982, 189.
6,677, 572.05
2,935,741.51
10, 113,747.94
72,953,349.39
51,049,951.31
35,186,395.29
41,237, 596.53
23,677,004, 26
9,223,059.83

514,030, 849.67
538,245, 382.44
556,231,848.11
561, 147,834.39
571,632,251.34
611,485,042.64
571,233,947. 97
532,465, 504.69
504,035, 764. 10
473,910,454.17
465,591,701.39
473,037,778.36

453,239,878.86

308,722,288.70.

375,000.00

-

273,122,446.31. ...473,037,778.36

*These figureshave been adjusted on account ofrescissions.
* R evised

•Exclusiveofrepayments unallocated, pending advices, as ofSept. 30, 1935.

REPORT OF THE RECONSTRUCTION FINANCE CORPORATION

TABLE 7–Amount

75

of authorizations, disbursements, repayments, and amounts

outstanding from Feb. 2, 1932, to Sept. 30, 1935, inclusive, by months and
classes—Continued
TOTAL, E M E R G E N C Y RELIEF A N D

CONSTRUCTION
Continued

AmountA
| AmountH
ized n
1thor-|
bursed is

Mo n th

A C T O F 1932, AS A M E N D E D

Amountreppaid

*::::::g:::::ia
of period

-

-

-

-

*$5,973, 192.77
6,189,376.35
3,864,503.08

1,901,013.91

32,662,606.03

216,027,072. 20

489,673,312.19

815,051.31
7,000,000.00
86, 153,000.00

* 13,837,388.69
a12,557,881.66
107,693,741.28

914,329.61
2,483,034.33
25,641,568. 14

502,596,371.27
512,671,218.60
614, 723,391.74

93,968,051.31

134,089,011.63

29,038,932.08

614,723,391.7

97,033,894.59
25,774,851.06
22,996,380.34

11,412,700. 18
1,379, 191. 11
" *937,479.28

700,344, 586.15
724,740,246. 10
746,799,147. 16

-

-

-

-

-

-

-

-

-

-

-

-

-

$150,000.00
1,751,013.91

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

88,700.00
100,020,000.00

September
Total, third quarter----Grand total

$478,385,429.61

$11,320,844.02
8,868,557.15
12,473,204.86

-

481,064,610.41
489,673,312.19

100, 108,700.00

145,805, 125,99

4 13,729,370.57

746,799,147.16

1,667, 183,251.92

1,063,453,079. 77

*316,653,932.61

746,799,147.16

SELF-LIQUIDATING PROJECTS (IN CLUDING_ LOANS F O R FIN ANCI NG REPAIR O R
R E C O N S T R U C T I O N O F 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)

[Under sec.201 (a), titleII, ofthe Emergency Reliefand Construction Act of1932,as amended]

September-------------------October----November. -

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

$53,105,000.00
79,932,880.00
4,324,744.00
8,412,910.24
145,775, 534.24

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

15,737,000.00

1933

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

December

t

- - - - - - - -

8,945, 100.00
24,810,372.20
17,759,425.35
5,001,678.47
2,784,525. 64

* 1,123.80

7,853,970. 51
3,851,648. 18
6,740,302.08
7,552, 137. 13
3,992,943. 16
3,436, 127. 18

15,675.00
22,900.00
5, 150.00
50,325.00
11,525.00
4,500.00

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

84,988, 207.26

47,866,409.65

152,175.00

63,451,234.65

10,010,000.00

8,408,771.54
2,065,486.53
10,001,716.92
2,525,044.88
6,399, 212 56
4,603, 597.88
3,611,629.67
11,333, 497.05
4,038,254. 76
2,042,800. 11
7,202,013. 34
5,719, 757.84

363, 436.46
2,344,825.00
1,023,767.50
54,023.74
620,654.02
44,537. 55
582,251.39
208,083.43
135,237.50
1,041,902.89
2,373,972.09
74,350.00

71,496, 569.73
71,217,231.26
80, 195,180.68
82,666,201.82
88,444,760.36
93,003,820.69
96,033,198.97
107,158,612. 59
111,061,629.85
112,062,527.07
116,890,568.32
122,535,976. 16

25,333,313.36

67,951,783.08

8,867,041.57

122,535,976. 16

-

-

20,000.00
22, 100.00

º:ºurs have been adjusted on account of rescissions.

* Re

-

* Exclusive of repayments unallocated, pending advices, as of Sept. 30, 1935.

*Represents increases due to accounting adjustments in loans previously authorized.

76

R E P O R T O F T H E R E C ON S T R U C T I O N FI N A NC E C OR P O R AT I O N

TABLE 7 - 4 mount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Sept. 30, 1935, inclusive, by months and
classes—Continued

SELF-LIQUIDATING PROJECTS (INCLUDING L OA NS F OR F IN AN CI N G REPAIR O R
O R C Y C L O N E IN 1933)—Continued
Q
NADO,
RECQNSTRUCTION
OF BUILDINGS D AM A G E D BY EARTHQUAKE,
FIRE,TORNA

Amoºtho,

-

Mon th

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

-

-

-

-

-

-

-

-

-

Total, second quarter----

36,053,000.00

Alºis

-

A mou nt repaid

Am oun t out

standing at end
of period

$2,758,266.11
3,727,728.86
5,086, 324.64

*$90,755. 16
1,327, 180.46
555,843.45

$125, 203,487.11
127,604,035.51
132, 134,516.70

11,572,319, 61

2 1,973,779.07

132, 134,516.70

2,228,000.00
3,056,750.00
9, 158,6.12.26

94,884.37
13,530.87
* 14,547.09

134,267, 632.33
137,310,851.46
146,454,916.53

14,443,362.26

* 122,962. 33

146,454,916.63

2,935, 100.00
6,346,063.46
13,650,000.00

878,931. 10
169,092. 14

148, 511,085. 53

* 79, 534.28

154,688,056.85
168,258, 522. 57

Total, third quarter-----

18, 700.00

22,931, 163.46

* 1, 127,557.52

168,258,522. 57

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

292, 168,754.86

180,502, 038.06

* 12,243,515. 49

168,258,522. 57

FIN ANC ING OF E X P O R T S OF A G R I C U L T U R A L SUR PLUS ES
[Under sec. 201 (c), title II, of the Emergency Relie and Construction Act of 1932, as amended]
1933

July---------------------------

$52,851,247.22
29,295.58
September-------ctober-----------------------|-----------------November--------------------|-----------------December---------------------|-----------------Total.------------------52,880, 542.80
August----------

$1,497, 503.38
1,903.990.01
341, 170.88
257,538. 30
609,080.03
2,533,445.78
7,142,728.38

101,811. 34
509,234.02
356,640.80
85,756.30
4,775,909. 17

9,043,857.42
10,052,542.09
11,051,381. 11
12,314,686.97
12,750,065.28
13,946,707.58
15, 185, 128, 15
14,875,319.50
14,953,570.45
15,215,905.88
14,992,026.56
15, 175,799.43
15, 175,799.43

January-----------------------|------------------|-----------------------------------February
6,974.45
19, 103.32
March------------------------9,225.36
219,539.62

15, 175,799.43
15, 163,670.55
14,953,356.30

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

November--------December----------Total--------------------

136,649.62
490,412.42

2,233,987. 48
1,065, 488. 51
1,076,848.69
1,332,210.82
489, 149.15
1,255, 575.38
4,216,643.84
32,688.33
180,062.29
771,569.45
132,761.48
269,529, 17
13,056, 514.59

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

16, 199.81

85,324.07
56,803.84
78,009.67
68,904.96
53,770.84
58,932.98
2,978, 223.37
342, 496.98

238,642.94
- - - - - - - - - - - - - - - - - -

36,139.66
394,766.90
Total, second quarter----|------------------

9,143.88

430,906. 56

July---------------------------|------------------|-----------------15,091.94
August------------------------|------------------|------------------|-----------------September---------------------|------------------|-----------------*216,436.21
Total, third quarter-----|------------------|-----------------*231,528. 15
G r a n d total.-------------

53.370,955. 22

20, 224,586.66

*5,924, 521.19

1 These figures have been adjusted on account of rescissions.
* Revised.
• Exclusive of repayments unallocated, pending advices, as of Sept. 30, 1935.

14,953,356.30
14,962,500.18
14,926,360.52
14,531,593.62
14,531,593.62
14,516,501.68
14,516,501.68
14,300,065.47
14,300,065.47
14,300,065.47

REPORT

OF T H E

RECONSTRUCTION

FINANCE

CORPORATION

77

TABLE 7–Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Sept. 30, 1985, inclusive, by months and
classes—Continued
FINANCING OF A GR I CU LT UR A L C OMM ODI TI ES A N D LIVESTOCK

|Under sec.201 (d), titleII,ofthe Emergency Reliefand Construction Act of1932,as amended]
A m o u n t a ut h or

Mo nt h

ized 1

-

-

-

3,541.00
109,881. 40

$449, 545.
1,276,281.54
1,324,517. 14

54,775,920.67

1,439, 974.09

115,456.95

1.324,517. 14

281,802. 20
438,000.00
60,000.00
225,329.43
55,000.00
174,280.00
262,250.00
190,000.00
2,022,500.00
251, 229,000.00
124, 164,690.24
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
,441.32
,601. 55
1,047,568.45
,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

379, 545,402.87

70,002, 936. 30

3,250,860. 13

68,076, 593.31

49,015,000.00
3,095,000.00
887,000.00
375,000.00
860,000.00
250,000.00
9,840,000.00
306, 183.59
250,233,072. 15
88,982,046.96
154,000.00
23,418,850.38

67,006, 104.34
29, 113,446.61
17,890,089.72
7,736,302.63
6, 531,796.75
44,107,365.98
24,873,981.21
915,322.65
2,538,337.65
8,297,917.04
8,023,476.66
10,679,849.79

607, 189.13
5,616,310.04
9,869,292.49
6,461,093.35
1,924,466.65
9,991,289. 89
69,387,874.15
50,486,370.90
34,434,296.45
39,682,643.62
20,714,391.37
9,062,953.53

134,475,508. 52
157,972,645.09
165,993,442.32
167,268,651.60
171,875,981 70
,992,057.79
161,478, 164.85
111,907, 116.60
80,011,157.80
48,626,431.22
35,935, 516.51
37,552,412.77

427,416, 153.08

227,713,991.03

258,238,171.57

37,552,412.77

8,562,577.91
5,133,853.84
7,377,654.86

5,826,905.61
4,843,092. 57
3,081,620.01

40,288,085.07
40, 578,846.34
44,874,881. 19

1,901,013. 91

21,074,086.61

13,751,618.19

44,874,881. 19

762,051.31
7,000,000.00
50, 153,000.00

211,600,244.81
29,501,131.66
98,535, 129.02

818,795.24
2,413,363.80
*5,231,354.15

55,656,330.76
62,744,098.62
156,047,873.49

57,915,051.31

119,636,505.49

28,463, 513. 19

156,047,873.49

94,098,794.59
19,428,787.60
9,346,380.34

10,518,067.14
1,143,098.97
*119, 108.79

239,628,600.94
257,914, 289.57
267, 141,561. 12

122,873,962.53

*11,780,274.90

267,141, 561.12

7562,741,456.05 | *7295, 599,894.93

267,141,561.12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

70,000.00
100,020,000.00
Total, third quarter-----

Am oun t out
standing at end
of period

$451, 580.
830,276.97
158, 117.00

-

-

A mo u nt repaid

$50,000,000.00
1,500,000.00
474, 740.63
129,616.60
2,671,563. 44

150,000.00
1,751,013. 91

-

A mou nt dis
bursed

100,090,000.00

Grand total.------------- 71,021,643,541.84

.55

379. 31.4.31

1These figures have been adjusted on account of rescissions.
*Revised.
*Exclusive of repayments unallocated, pending advices, as of Sept. 30, 1935.
7Includes authorizations of $941,000,000 to the Commodity Credit Corporation, of which $546,461,199.79
was disbursed and $287,721,838.67 was repaid.

78

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, 1935, inclusive, by months and
classes—Continued
A M O U N T S M A D E AWAiLABLE FOR RELIEF A N D W O R K

RELIEF

[Under sec. 1, titleI,ofthe Emergency Reliefand Construction Act of1932,as amended]
Amo unt authorized 1

Mo nt h

Amo unt disbursed

Amount out

Amo unt repaid

standing at end
of period
-

$3,000,000.00 -----------------------------------------------------13,931,669.00
$3,947,884.00 |.
947,884.00
18,523,502.22
10,211,699.75 14. 159. 583.75
22,594,762.00
16,818,809.40 30,978,393. 15
18,484,823.00
20,462,864. 12 |51,441,257.27
35,958, 117.00
28,525,784.82 |-----------------79,967,042.09
Total--------------------

112,492,873. 22

79,967,042.09 ------------------

79,967,042.09

1933

January----------------------FebruaryMarch---April---

-

-

ay-----

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

-

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

40,179, 570.14
39,408, 511.25
41,819,058.46 41,367,124.59
52,438, 197. 16
3,360,345.08
1,298,448.05
146,702. 18

120,146,612.23
159,555,123.48
201,371, 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.

Total

299,014,914.00

January----------------------------------------------------------------------------February
11,950.00
March---------11, 120.00
April----------93,550.00
ay----------336,850.00
June-------------------18,987.52
July-----------------5,000. 48
August------------13,000.00
September
515,050.00
Oc tober
3,816.00
November
232,000.00
December--------------------------------------------------------------------------Total--------------------------------------|------------------

Total, third quarter----Grand total

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

300,000,000.00

299,984,999.00

299,014,914.00
299,002,964.00
298,991,844.00
298,898,294.00
298,561,444.00
298,542,456.48
298, 537,456.00
298,524,456.00
298,009,406.00
298,005, 590.00
297,773,500.00
297,773,590.00

1,241,324.00

297,773,500.00

21,550.00

297,689,008.00

610.00

67,000.00
*522,400.00

297, 688,398.00
297,621,398.00
297,098,998.00

*590,010.00

297,098,998.00

42,886,001.00

297,098,998.00

1These figures have been adjusted on account of rescissions.
* Exclusive of repayments unallocated, pending advices, as of Sept. 30, 1935.

REPORT of THE REconSTRUCTION FINANCE corporation

79

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Sept. 30, 1935, inclusive, by months and
classes—Continued
TOTAL, A C T A P P R O V E D MA R. 9, 1933, AS A M E N D E D

Mo nt h

Amoºthºr AnºAl-

Amount out

Amo unt repaid

standing at end
of period

1933

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

515.00

$12,750,000.00
,332,500.00
25,482, 500.00
43,463,315.00
51,648,315.00
59,325,815.00
63, 101,765.00
66,059,835.00
110, 106,040.00
264,200,241.67

264,346,216.67

145,975.00

264,200,241.67

146,474,400.00
54,717,750.00
128,039,340.00
,697,085.00
47,992, 555.00
112,035, 430.25
21,434,472.50
26, 147,230.82
25,890,041.66
15,989,885.00
12,968, 102.50
18,271,541.50

191, 125.00
108,911.11
79,448, 17
558,249.50
153,717.31
1,386,525.15
54,704,338.00
4,222,879. 15
1,849,506.51
5,621,335.47
1,278,715.95
3,719,065.98

410,483,516.67
465,092,355.56
593,052,247.39
656, 191,082.89
704,029,920.58
814,678,825.68
81,408,960.18
803,333,311.85
827,373,847.00
837,742,396.53
849, 431,783.08

657,025,925.00

673,657,834.23

73,873,817.30

863,984,258.60

*15, 159,300.00
2,536,250.00
23,087, 500.00

15,460,560.00
27, 135,725.00
9,155,660.00

5,465,754.69
5,211,054.83
2,225,933.31

873,979,063.91
895,903,734.08
833,460.77

220,783,050.00

51,751,945.00

12,902,742.83

902,833,460.77

1,773,400.00

4,831,000.00
5,525,975.00
6,782,063. 33

7,651,331.50
3,439,690. 27
24, 218,296.79

900,013, 129.27
902,099, 414.00
904,663, 180.54

* 14,036,650.00

17, 139,038.33

* 15,309, 318.56

904, 663, 180.54

3,627,500.00
6, 135, 150.00
9,412,375.00

6,563,589.35
5,553,247.26
*7,380,347.36

901, 727,091. 19
902,308,993.93
904,341,021.57

19, 175,025.00

*19,497, 183.97

-904,341,021.57

Grand total.------------- 1,232,067,825.00 | 1,026,070,059.23

121,729,037.66

904, 341,021.57

*W--------------------------

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

Total, third quarter-----

$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
305,731,000.00

43,666,200.00

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

-

-

108,795.00

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

•Exclusive ofrepayments unallocated, pending advices, as ofSept. 30, 1935.

37781–36–6

863,984,258.60

80

REPORT

OF TH E

RECONSTRUCTION

FINANCE

CORPORATION

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

outstanding from Feb. 2, 1932, to Sept. 30, 1935, inclusive, by months and
classes—Continued
LOANS ON PREFERRED STOCK OF BANKS A N D TRUST COMPANIES

[Under the actapproved Mar. 9,1933, asamended]

Anºther

Mon th

Amount out

* * *

Amount repaid

standing at end
of period

1933

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

$1,250,000.00

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

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

1,000,000.00 -----------------$4,685.00
000.00
6,935,000.00
2,115,500.00
40,000.00 -----------------July-August-----------------------126,000.00
552,500.00 -----------------September--------------------650,000.00
176,000.00
50.00
October----------------------------------------575,000.00
31,930.00
November--------------------545,000.00 -----------------21,495.00
December--------------------1,578,000.00
829,600.00
515.00

ayJune-

-

-

-

-

-

-

3,585,000.00
-

13, 199,500.00

10,358, 100.00

58,675.00

10,299,425.00

1,781,350.00
4,921,750.00
2,665, 500.00
531, 500.00
993,400.00
1,123,500.00
434,450.00

310,000.00
322,500.00
1,474,000.00
776,900.00
2,519,300.00
2,531,955.00
819,850.00
253,000.00
314,500.00
421,100.00
150,000.00
405, 500.00

166, 125.00
8,911. 11
59,448.17
268,249.50
143,717.31
225,525.15
212, 588.00
24,029.15
30,996. 51
54,444.04
56,215.95
228,263.48

10,443,300.00
10,756,888.89
12, 171,440.7
12,680,091.22
15,055,673.91
17,362, 103.76
17,969,365.76
18, 198,336.61
18,481,840. 10
18,848,496.06
18,942,280.11
19, 119,516.63

14,004, 555.00

10,298,605.00

1,478,513.37

19, 119,516.63

296,300.00
156,750.00
73, 500.00

511,130.00
328,025.00
657,400.00

153,068.62
144,234.83
26,983.31

19,477, 578.01
19,661,368.18
20,291,784.87

526,550.00

1,496, 555.00

324, 286.76

20,291,784.87

41,900.00
124,650.00
12,600.00

62,000.00
260,000.00
161,000.00

64,631.50
403,340.27
*28, 106.00

20,289, 153.37
20, 145,813.10
20,278,707.10

179, 150.00

483,000.00

a496,077.77

20,278,707. 10

113,696.43
305,619.69
*56,524.47

20, 165,010.67
20,029,740.98
19,988,216.51

279, 200.00

407,525.00
509,850.00
91,000.00
265,530.00
Total--------------------

Total, first quarter------

Total, second quarter----

$250,000.00
250,000.00
1,250,000.00
8, 180,315.00
8,220,315.00
8,772,815.00
8,948,765.00
9,491,835.00
9,470,340.00
10,299,425.00

107,000.00 -----------------,700.00
170,350.00
67,000.00
15,000.00
Total, third quarter-----

214,700.00

185,350.00

*475,840.59

19,988,216.51

Grand total-------------

28, 124,455.00

22,821,610.00

*2,833,393.49

19,988,216.51

These figures have been adjusted on account ofrescissions.
* Revised.
* Exclusive of repayments unallocated, pending advices, as of Sept. 30, 1935.

REPORT

OF T H E

RECONSTRUCTION

FINANCE

CORPORATION

81

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Sept. 30, 1935, inclusive, by months and
classes—Continued
SUBSCRIPTIONS 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 T r u s T C O M P A N I E S

[Under the act approved Mar. 9, 1933, asamended]
Am oun t authorized 1

M o nt h

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

$13,682, 500.00
7,400,000.00
13,012,500.00
4,838,000.00
12,682, 500.00
2.845, 000.00

* - - - - - - -

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

3,735,000.00
5,925,000.00
17,753,000.00
177,652, 100.00

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

259,525,600.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amou nt disbursed

$12,500,000.00
7,582, 500.00
4,150,000.00
10,850, 500.00
8, 145,000.00
6,625,000.00
3,600,000.00
2,415,000.00
4, 115,000.00

Amou nt out

Am ount repaid
-

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

77.015, 116.67

$12,500,000.00
20,082,500.00
24,232,500.00
35,083,000.00
43,228,000.00
49,853,000.00
53,453,000.00
55,868,000.00
59,895,700.00
136,910,816.67

136,998, 116.67

136,910,816.67

–
–
|------------------

142,932,100.00
51,865,500.00
25,680,800.00
41,870,500.00
27,998,820.00
12,983,500.00
11,068, 500.00
11,043,000.00
20, 545,000.00
8,882,000.00
14,835,250.00

15,823,541.50

1,983,302.50

231,555,316.67
261,438,316.67
358,918,006, 67
397,871,691.67
4.17,473,446.67
502,105,921.92
519,779,294.42
536, 769, 175.24
549,227,706.90
562,334, 561.90
571,042, 664.40
584,882,903. 40

.00

455,002,429.23

7,030,342.50

584,882,903. 40

13,944,430.00
24,207,700.00
7,823, 260.00

835,447.50
1,235,320.00
911,450.00

597,991,885.90
620,964,265. 90
627,876,075.90

45,975,390.00

2,982,217. 50

627,876,075.90

5,065,000.00
6,562,500.

4,696, 500.00
4, 150,975.00
6,226,063. 33

483,700.00
1,992,850.00
*586,400.00

632,088,875.90
634,247,000.90
639,886,664. 23

13, 131,000.00

15,073,538.33

*3,062,950.00

639,886,664. 23

7,027,500.00
3,114,000.00
25,115,000.00

2,155,000.00
5,597,300.00
2,986,375.

3,426,892.92
3,257,627. 57
* 1,949,938.68

638,614,771.31
640,954,443.74
641,990,880.06

78, 792, 500.00

-

t

standing at end
of period

-

* * * w -

-

010.
-

500.

-

Total, third quarter-----

35,256, 500.00

10,738,675.00

48,634,459.17

641,990,880.06

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

773,289,070.00

663,788, 149.23

*21,797,269.17

641,990,880.06

Hºurs have been adjusted on account of rescissions.

*Revised.

*Exclusive ofrepayments unallocated, pending advices, as ofSept. 30, 1935.

82

REPORT OF THE RECONSTRUCTION FINANCE coPPoRATION

TABLE 7.-Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Sept. 30, 1935, inclusive, by months and
classes.—Continued
PURCHASES OF CAPITAL NOTES OR D EB E N T UR E S OF BA NK S A N D TR US T
COMPANIES

[Under the act approved Mar. 9, 1933, as amended]
Am ou nt author

Mo nth

ized 1

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

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

A m o u n t d is
bursed

Am oun t out

Am oun t repaid

standing at end
of period

25,040,000.00 ------------------|71,590,000.00
40,040,000.00
126, 500,900.00
76,250,000.00

$200,000.00.
200,000.00
700,000.00.
700,000.00
700,000.00
40,740,000 00
116,990, 000.00

223,830,900.00

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

116,990,000.00.

110,425,900.00
18,727,000.00
23,335,000.00
4,195,000.00
5,765,500.00
6,784,500.00
2,820,000.00
15,849,000.00
1,765,000.00
2,850,000.00
825,000.00
1,182,000.00
194,523,900.00

51,494,900.00 -----------------24,462,250.00
50,000.00
29,085,650.00
20,000.00
23,716,500.00
40,000.00
25,871,500.00
10,000.00
24,871.000.00
1,161,000.00
2,547,000.00
54,097, 500.00
7, 125,000.00
2,419,500.00
12,430,000.00
1,131, 500.00
1,103,000.00
4,207,961.43
3,607,500.00
720,000.00
2,042,500.00
1,507,500.00
208,356,800.00
65,364,961. 43

168,484,900.00.
192,897, 150.00
221,962,800.00
245, 639,300.00
271, 500,800.00
295,210,800.00.
243,660,300.00
248,365,800.00.
,664,300.00
256,559,338.57
259,446,838. 57
259,981, 838.57
259,981. 838.57

1,832,500.00
143,500.00
1,402,000.00

1,005,000.00
2,600,000.00
675,000.00

3,378,000.00

4,280,000.00

9,596,238.57

254,665,600.00.

228,000.00
*80,000.00
*418,500.00

72,500.00
1,115,000.00
395,000.00

7,103,000.00
1,043,500.00
23,603,790.79

247,635, 100.00,
247,706, 600.00
244,497,809.21

Total second quarter----

a726, 500.00

1,582,500.00

* 11,750,290.79

244,497,809.21

July--------------------------September-------------------Total third quarter-----.

1, 179,000.00
,000.00
6, 175,000.00
8,195,000.00

1,472,500.00
367,500.00
6,411,000.00
8,251,000. 90

3,023,000.00
1,990,000.00
*5,373,884.21
* 10,386,884.21

242,947, 309.21
241,324.809. 21
242,361,925.00

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

430,654,300.00

339,460,300.00 | * 97,098,375.00

242,361,925.00

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

August------------------------

T O T A L , SEC. 5, T I T L E I, O F T H E A G R I C U L T U R A L
A MEND ED

4,477,238.57
,831, 500.00
1,287,500.00

ADJUSTMENT A C T

[To Secretary ofAgriculture to acquire cotton]

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

T ºu r s

r
have been adjusted on account of rescissions.
* Rev
* Exclusive of repayments unallocated, pending advices, as of Sept. 30, 1935.

256, 509,600.00
255,278, 100.00
254,665,600.00

242,361,925.00.

O F 1933, A S

REPORT of THE RECONSTRUCTION FINANCE coRPoRATION

83

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

outstanding from Feb. 2, 1932, to Sept. 30, 1935, inclusive, by months and
classes—Continued

TOTAL, SEC. 36, TITLE II, OF T H E E M E R G E N C Y F A R M M O R T G A G E A C T O F 1933, AS
AMENDED

[Drainage, levee,irrigation,and similar districts,etc.]
Am oun t author

Am oun t dis

ized I

bursed

Am ou nt repaid

Am oun t out
standing at end
of period

$383,489. 21
- - - - - - - - - - - - - - - - - - - - -

8,333,284.83

$2,413,355.10|II.I.I.I.I.I.I.

$2,413,355.10

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

8,716,774.04

2,413,955. 10 ||------------------

2,413,955. 10

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

* 10,709,445. 40
3,962,782.73
5,963,426.75
1,001, 118.75
7,613,076. 10
8,674,300.00
5,926,650.00
1,098,000.00
9,143,000.00
1,170,500.00
11,290, 100.00
3,455,344. 57

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

*70,007,744,30

9,884,268.86

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

1,043,000.00
1,462,200.00
2 495,000.00

3,112,439.32
1,568,295.53
4,313,854.15

Total, first quarter------

a3,000,200.00

8,994,589.00

2945,000.00
2,706,000.00
16,400,500.00

2,243,299.68
2,307,790.81
1,780,896.22

220,051,500.00

6,331,986.71

27,595, 755.58

961,000.00

1,588,310.88
3,620,285.14
1,395,076.09

29, 181,238.58
32,790,023.72
34, 175,499.81

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,413,955. 10
2,413,955. 10
2,524,898.44
2,642,898.44
4,156,097.43
4,636,392.17
8,165,000.82
9,182,364. 53
9,478,794.34
11,146,801.79
11,321,482.25
12,298, 179.87
44. 09

12,298, 179.87

1935

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

1,746,129.84
936,201.74

Total, third quarter-----

3,643,331.58

6,603,672.11

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

105,419, 549.92

34,228,471.78

15,409,619. 19
16,977,914.72
21,291,768.87
1,000.00

21,291,768.87
23,507,068.55
25,814,859.36
27,595,755.58

34, 175,499.81
*52,971.97

34,175,499.81

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

December---------------------|
Total--------------------

$4,375,000.00 ||
4,375,000.00

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

$4,375,000.00

4,375,000.00 |------------------

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
15,785,000.00
25,885,000.00
25,885,000.00

mber---------------------

750,000.00

4,250,000.00

2,000.00

25,885,000.00
25,885,000.00
30, 133,000.00

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

25,850,000.00

25,850,000.00

92,000.00

30, 133,000.00

-

*

-

-

1These figures have been adjusted on account of rescissions.
* Revised.
*Exclusive of repayments unallocated, pending advices, as of Sept. 30, 1935.

-

84

R E P O R T OF

THE

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 7–Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Sept. 30, 1935, inclusive, by months and
classes—Continued
TOTAL, A C T A P P R O V E D J U NE 10, 1933, AS AMENDED–Continued
-

-

Amoun
t authorized

Month

Am oun
t disbursed

Amount repaid

-

-

*A nºn o un
etno udt

1935

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

$30,033,000.00
30,033,000.00
30,033,000.00
30,033,000.00
30,033,000.00
30,183,000.00
30, 183,000.00

Total, third quarter-----

150,000.00

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

30,375,000.00T

LOANS O N

150,000.00

30,375,000.00

(4)
*192,000.00

30, 183,000.00
30, 183,000.00

P R E F E R R E D STOC K OF INSURANCE COM PAN IES
[Under the act approved June 10, 1933, as amended]

1933

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

$4,375,000.00

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

$4,375,000.00

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

4,375,000.00

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

4,375,000.00

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

4,375,000.00
4,375,000.00
4,375,000.00
15,875,000.00
15,875,000.00
15,875,000.00
15,785,000.00
25,785,000.00
25,785,000.00
25,785,000.00
25,785,000.00
30,033,000.00

Ju n e -

July---August--SeptemberOctober ---NovemberDecember---------------------

30,033,000.00

Total

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

29,933,000.00
29,933,000.00
29,933,000.00
29,933,000.00
29,933,000.00
30,083,000.00
30,083,000.00
30,083,000.00

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

30,275,000.00

subscription for PREFERRED

30,275,000.00

*192,000.00

30,083,000.00

S T O C K OF A N I N S U R A N C E C O M P A N Y

[Under the act approved June 10, 1933, as amended]

100,000.00

100,000.00

1These figures have been adjusted on account of rescissions.

*Exclusive ofrepayments unallocated, pending advices, as ofSept.30, 1935.

REPORT OF THE

RECONSTRUCTION

FINANCE

CORPORATION

85

TABLE 7–Amount of authorizations, disbursements, repayments, and amounts
outstanding from Feb. 2, 1932, to Sept. 30, 1935, inclusive, by months and
classes—Continued
T O T A L , A C T A P P R O V E D A P R . 13, 1934, A S A M E N D E D

[Loans tofinance the acquisition ofproperty declared unsafe, orthe repair ofproperty damaged, by reason
offlood, danger offlood, earthquake, conflagration, tornado, or cyclone, in 1933, 1934, 1935,and 1936)
Month

Amount
author
ized

A m o u n t di s
bursed

Amount out

Am oun t repaid

standing at end
of period

160,430.00
41,950.00

239,685.00
239,535.00
234,335.00
234,335.00
234,335.00
484

Total, third quarter-----

1,000,000.00

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

1,240,330.00

*6,245.00

T O T A L , SEC. 14 O F T H E A C T A P P R O V E D J U N E 19, 1934, A S A M E N D E D
[Loans to borrowers engaged in the mining, milling, orsmeltingofores)

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

111,000.00

(4)

Total, third quarter-----

2,273,000.00

495,000.00

(4)

775,000.00

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

7,022,000.00

775,000.00

(4)

775,000.00

TOTAL, SEC. 16 O F T H E A C T A P P R O V E D JU NE 19, 1934, AS A M E N D E D
[Loan toa public-schoolauthority forthe purposeofpayment ofteachers'salariesdue prior toJune 1, 1934]
1934

$22,300,000.00

22,300,000.00

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

* Exclusive ofrepayments unallocated, pending advices, as of Sept. 30, 1935.

86

REPORT

OF THE

RECONSTRUCTION

FINANCE CORPORATION

TABLE 8.—Number of borrowers and amounts of loans authorized under sec. 5 of
the Reconstruction Finance Corporation Act, as amended 1, Feb. 2, 1932, to Sept.
30, 1935, inclusive, by size of cities or towns
BANKS A N D TRUST COMPANIES
Borrowers
Population of cities or

º

Authorizations

which borrowers are

o ca

Number

Amount

Percent

of total

70.2
8.0
7.3
3.4
2.9
2.2
1.5
2.0
2.5

$320,096,400.43

591
541
254
212
166
107
146
182

120,821,861. 40
184,900,945.03
138, 127,566.48
274,816, 177.83
209,870,809.73
233,483,814.79
421,388, 596.93
463,212,341.46

13.5
5.1
7.8
5.8
11.6
8-9
9.9
17.8
19.6

7,374

100.0

2,366,718, 514.08

100.0

5,175

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

Percent
of total

TOTAL, SEC. 5, R E C O N S T R U C T I O N F I NA N C E C O R P O R A T I O N ACT, AS A M E N D E D i
5,484
702
743
426
389
277
364
316
302

60. 9
7.8
8.3
4.7
4.3
3.1
4.0
3.5
3.4

$353,701,351.98
132,474,244.20
217,772,247.63
175,959,414.34
333,845,369.42
257, 145,451.01
376,374,424.63
599,981,956.44
670,564,293.80

11.4
4.2
7.0
5.7
10.7
8.2
12.1
19.2
21.5

9,003

100.0

3,117,818,753.45

100.0

! Exclusive of railroads, regional agricultural credit corporations, Federal land banks, and Federal
intermediate credit banks.

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REPORT of THE RECoNSTRUCTION FINANCE corporation

89

TABLE 10.--Loans authorized (and commitments outstanding as of Sept. 30, 1935)
to industrial or commercial business under sec. 5d of the #
º
Finance

Corporation Act, as amended (including purchases of participations, and agree
ments to purchase participations, in loans), by size of loans
[From June 19, 1934, toSept. 30,1935, inclusive]
-

Size of loan

Nu m be r | Percent

Am oun t author- || Percent
ized
of total

of loans.l. of total

$10,000 and under-------------------------------------$10,001 to $25,000, inclusive---------------------------$25,001 to $50,000, inclusive---------------------------$50,001 to $100,000, inclusive--------------------------$100,001 to $200,000, inclusive-------------------------$200,001 to $400,000, inclusive-------------------------Over $400,000------------------------------------------|

565
276
284
200
100
50
30

37.3
18.2
18.8
13.2
6.6
3.9
2.0

$3,167,591.62
5,170,349.99
11,423,850.00
15,753,486.93
15,386,500.00
18, 114,000.00
25,030,000.00

3.4
5.5
12. 1
16.8
16.4
19.2
26.6

Total--------------------------------------------|

1,514

100.0

94,045,778.54

100.0

TABLE 11.-Loans authorized (and commitments outstanding as of Sept. 30, 1935)
to industrial or commercial business under sec. 5d of the
Fi n an c e
Corporation Act, as amended (including purchases of participations, and agree
ments to purchase participations, in loans), by industries

#

º

[From June 19, 1934, to Sept. 30, 1935, inclusive)
N u m b e r |Percent
of borof

Industry

rowers 1 | total

Manufacturing:
Food and kindred products:
Dairy products-------------------------------------Meat and poultry packing---------------------------

Allº!"
or iz

Percent
of
total

Bread and bakeries---------------------------------Flour milling------Confectionery---Animal feeds----All other--------------------------------------------

26
25
26
15
24
14
13
40

1.8
1.7
1.8
1.0
1.7
1.0
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2.8

$969, 500.00
1,123,700.00
695,000.00
304,500.00
712, 100.00
987,250.00
459,200.00
1,249, 700.00

1.0
1.2
.7
..3
..8
1.1
.5
1.3

Total, food products-------------------------------

183

12.7

6,500,950.00

6.9

29
19
10
3:
12
20
21
7
32

2.0
1. 3
..7
2.4
..8
1.4
1.5
.5
2.2

3,589,050.00
3, 113,000.00
1,880,000.00
2, 196,500.00
6,075,300.00
799,000.00
191,000.00
132,500.00
1,476,750.00

3. 8
3.3
2.0
2.3
6.5
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.2
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1.6

12.8 || 19,453, 100.00

20.7

5.8
3.5

Canning, preserving, packing (fish,fruit, vegetables)–
-

Textiles and theirproducts:
Cotton goods---------------------------------------Woolen goods-------Silk and rayon goods-

Knit goods, hosiery---

Dyeing and finishing--Men's clothing and furnishin
Women's clothing and furnishings
material, draperies
All other--------------------------------------------

Flºring

-

Total, textile products----------------------------Lumber products:
Lumber---Furniture--------

185
-

63
61

4.4
4.3

Millwork, sash, doors, etc.
All other--------------------------------------------

22
28
31

1.5
1.9
2.1

5,413, 500.00
3,304, 100.00
1,245,450.00
1,147,800.00
762,700.00

Total, lumber products----------------------------

205

14.2

11,873,550.00

12.6

Paper and allied products, total.-------------------------

20

2.0

6,132,850.00

6.5

31
17

2.1
1.2

303,350.00
320,000.00

.3
.3

48

3.3

623,350.00

..6

Paints, varnishes, etc.--All other--------------------------------------------

12
31

.8
2.1

734,500.00
1,419,300.00

..8
1.5

Total, chemical and alliedproducts----------------

43

2.9

2,153,800.00

2.3

Rubber products, total.----------------------------------

12

.8

1,128,500.00

1.2

Wooden containers-----

-

Printing and allied products:
Book and job printing
All other-------------------------------------------

Total, printing and allied products----------------

Chemical and alliedproducts:

See footnotes at end of table.

1.3
1.2
.8

90

REPORT of THE REconSTRUCTION FINANCE coBPORATION

TABLE 11.-Loans authorized (and commitments outstanding as of Sept. 30, 1935)
to industrial or commercial business under sec. 5d of the Reconstruction Finance
Corporation Act, as amended (including purchases of participations and agree
ments to purchase participations in loans), by industries–Continued
[From June 19,1934, toSept. 30,1935,inclusive]

Industry

N um be r Percent
of borof
rowers 1 | total

Aliºr

Percent
o

total

Manufacturing—Continued.
Leather and its manufactures:
All other--------------------------------------------

Boots a n d shoes-------------------------------------

13
17

1.2

.9

$1,226,000.00
870,926.62

1.3
.9

Total, leather manufactures-----------------------

30

2. 1

2,096, 926.62

2.2

Stone, clay, and glass products:
Stone, granite, slate, etc.----------------------------Sand, gravel----------------------------------------Brick and tile, etc.----------------------------------Concrete products----------------------------------Glass products-------------------------------------Pottery---------------------------------------------All other-----------*---------------------------------

29
8
33
7
7
8
14

2.0
.5
2.3
.5
.5
..5
1.0

500.00

545,100.00
2,073,000.00
164,500.00
214,500.00
663,600.00
857,200.00

2.4
-6
2.2
.2
.2
.7
.9

Total,stone, clay, and glassproducts--------------

106

7.3

6,726,400.00

7.2

26
24
15
11
18

1.8
1.7
1.0
.8
1.2

2,314,000.00
1,901,500.00
1,785,000.00
954,515.00
,298,000.

2.5
2. 0
1.9
1-0
3.5

Total, iron and steeland products----------------Nonferrous metals and theirproducts:

94

6.5

10,253,015.00

10.9

Metal alloys and products (brass, bronze, etc.)-----Metal stampings, stamped and enamel ware--------All other--------------------------------------------

18
15
23

1.2
1.0
1.7

506,000.00
1,240,300.00
1,472,000.00

-5
1-3
1.6

Total, nonferrous metals and theirproducts------Machinery (excluding transportationequipment):

56

3.9

3,218,300.00

3.4

Agricultural implements---------------------------General machinery and equipment-----------------Machine tools--------------------------------------All other--------------------------------------------

8
20
26
12
30

.6
1.4
1.8
.8
2.1

565,000.00
1,011, 000.00
1,493, 100.00
692,500.00
2,321,466.66

.6
1.1
1.6
.7
2.5

Total, machinery----------------------------------

96

6.7

6,083,066.66

6.5

Tººlatiºn
equipment (automobile accessories, etc.),
total.------------------------------------------------------

34

2.4

4,315,000.00

4.6

23
13
28
28

1.7
.9
1.9
1.9

389,600.00
207,700.00
,500.
469,400.00

.5
.2
1.0
.5

92

6.4

2,030,200.00

2.2

12
13
17
20
44

.8
.9
1.2
1.4
3.0

33,050.00 -------2,378,000.00
2.5
252,250.00
283,205.00

.2
.3
.3

Total, retail trade--------------------------------All other:
Mining: 'oal-----------------------------------------------All other--------------------------------------------

106

7.3

3,087,765.00

3.3

15
10

1.0
..7

3,434,750.00
,357,000.00

3.7
1.4
5. i

Iron, steel, and their products (excluding machinery):
Foundry roducts (castings, forgings, etc.)----------Structural and ornamental iron and steel-----------Stoves, ranges, furnaces------------------------------

Hardware, plumbing, and supplies-----------------All other--------------------------------------------

Electrical machinery, apparatus, and supplies-------

Wholesale and retail trade:
Wholesale trade:
Food products-------------------------------------Petroleum products---------------------------------

Grain and feed,fuel, ice, buildingmatelials, etc.-----All other-------------------------------------------Total, wholesale trade----------------------------Retail trade”
Food products-------------------------------------Department stores----------------------------------

§

sales,servicestations---------------r - - - - - - - - - -

rain and feed, fuel, ice, building materials, etc.-----All other--------------------------------------------

.141,250.00

Total, mining-------------------------------------

25

1.7

4,791,750.00

Laundries, dry cleaning, total.---------------------------

21

1.5

320,355.26

3.

Contracting, etc., total----------------------------------

30

2.0

1,202,300.00

1.3

Not classified, total.-------------------------------------

51

3.5

2,054,600.00

2.2

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

1,446

100.0

94,045,778.54

100.0

* N um be r of borrowers represents the number of applicants to w h o m loans have been authorized or
commitments made.

* Excludes mining loans authorized under sec. 14 of the act approved June 19, 1934, as amended.

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CORPORATION

REPORT of THE REconstruction FINANCE corpoBATION

93

TABLE 13. Total authorizations: commitments outstanding (as of Sept. 30, 1935);
purchases of securities from Public Works Administration; and allocations to
other governmental agencies and for direct relief
[From Feb. 2, 1932, to Sept. 30, 1935, inclusive]
A mou nt of
authorizations,
commitments
outstanding,
purchases of

A mou nt dis
bursed

Securities f rom
Public W o r k s

Administration,
a n d allocations

Loans and other authorizations------------------------------------- $7,105,819,247.91 $5,446,442,320.06
227,721,953.23 |-Commitments outstanding as of Sept. 30, 1935
Purchases ofsecurities from Public Works Administration--219,520,788.09
217,340,988.09
105,549,000.00
Commitment outstanding as of Sept. 30, 1935
-

Allocations:
Secretary of Agriculture for crop loans-------------------------Capital of regional agricultural credit corporations (reallocated
from amount originally allocated to Secretary of Agriculture) Governor of Farm Credit Administration (reallocated from
amount originally allocated to Secretary of Agriculture)

1

sºº

7,658,610,989.23

5,664,383,308.15

115,000,000.00

115,000,000.00

44,500,000.00

44,500,000.00

40,500,000.00

40,500,000.00

200,000,000.00

200,000,000.00

3,108,387.60

3,108,387.60

12,640,000.00

9,632,460.63

124,741,000.00
*
***

85,245,700.00
2,600,000.00

of the Treasury to pay for capital of Federal home loan

anks

Land bank commissioner to make loans to joint-stock land banks--Land bank commissioner to make loans to farmers ($200,000,000
original allocation reduced by reallocation to Federal Farm M o r t
gage Corporation)
Federal Farm Mortgage Corporation to make loans to farmers (re
allocated from $200,000,000 originally allocated to land bank c o m
missioner)
Secretary of the Treasury to pay for capital of H o m e Owners' Loan
Corporation---------------------------Federal Housing Administrator (amoun
ted is amount
bursed; total allocation not limited to specific amount)
Total to other governmental agencies by direction of Congress

Fº
direct reliefunder Emergency Relief and Construction Act
of 1932-------------------------------------------------------For direct relief under Federal Emergency Relief Act of 1933.----

145,000,000.00

145,000,000.00
|

55,000,000.00

55,000,000.00

200,000,000.00

200,000,000.00

34,000,000.00

34,000,000.00

874,489,387.60

734,586, 548.23

300,000,000.00
500,000,000.00

299,984,999.00
499,999,234.17

Fordirectreliefunder Emergency Appropriation Act, fiscal year
500,000,000.00
500,000,000.00
500,000,000.00 -----------------.
Total allocations for direct reliefby direction of Congress------ 1,800,000,000.00

1,299,984, 233.17

Tº
allocations to other governmental agencies and for direct
relief------------------------------------------------------.

2,674,489,387.60

2,034,570,781. 40

10,333, 100,376.83

7,698,954.089. 55

Grand total ofauthorizations, commitments outstanding, pu r
securities from Public Works Administration, and

§ :

allocations--------------------------------------------------

94

REPORT

OF T H E

RECONSTRUCTION

FINANCE C ORPORA TION

TABLE 14.—Names and compensation of directors, officers, and employees of the
Reconstruction Finance Corporation receivingfrom the Corporation more than $400
per month, as of Sept. 30, 1935
WAs hin g.TO N

OFFICE

Name

Salary
Inont

Title

Jones, Jesse H-------------------------- Chairman----------------------------------------Fisher, Charles T., Jr.
Director-----------------------------------Henderson, Charles B.------------------|-----do------------------------------------Merriam, C. B------------------------------do------------------------------------Stephens, Hubert D--------------------|-----do----------------------------Taber, Frederic Hdo--

$833.
833.
833.
833.
833.
8.33.

Assistant to the directors
General counsel

Lindquist, R.
Barriger, J. W.,
Brownell, R. A.---McKee, John K
Husbands, Sam------

|

Chief examiner, railroad division
Chief, agency division
Chief, examining division---Assistant chief, examining division
Special representative----------Special examiner---Examiner-------------------

Klossner, H.
Mandeville,
McGrath. M

# º?
#.}:}
#º
;§ §

| Chief,drainage,levee,and irr
- Special representative---------------------- Assistant treasurer---------------

Coit, Gladding B---Moore, Hilton M-L-sullivan, William W .
Costello, W . C.
Baxter, Norman w
Macartney, Morton

Assistant to the chairman-Assistant to the directors--Chief engineer------------------Assistant chief, examining division
Wilson, J. C.
Counsel
Corcoran, Thomas G
Keenan, Frank J.----------------------- Financial adviser-----Marfield, C. Howard------------------- Administrative assistant
shaver, Clem
III.I.I.I.I.I. Special assistant to the directors
Allen, Ronald H
Assistant secretary
Chief, statistical and economic division
Elliott, David C--- Administrative assistant
Berrett, R. W.
Chadduck, Harry W---Parks, Thomas E----------

i
:

#
5.

#

Johnson, W . J.-----------

Ronan, Frank T.
Stroud, W . E.---Kuehl, Frank W----Henry, John L.
Sullivan, Harry L----Hobson, Alfred T---------------Kelley, Jerome T
unzicker, Willard E.
-

Special representative
Assistant treasurer
Assistant secretary
- Assistant treasurer

;;:

Satterfield,W. R.-Price, Jacob L.----Watson, William P
Taylor, Tyre-----Hoyt, James A.-----odds, Chauncey Y--------------------

cº, ºminer, drainage,

levee, and irrigation

v is io n.

Rossman, Richard--------------------- Examiner---------------------------------

- - - - - - - -

REPORT of THE REconSTRUCTION FINANCE CORPORATION

95

TABLE 14.—Names and compensation of directors, officers, and employees of the
Reconstruction Finance Corporation receivingfrom the Corporation more than $400
per month, as ofSept. 30, 1935—Continued
W A S H I N G T O N O F FI C E –C o n ti n u ed

Name

Title

.#;"

Salary

Bassett, Albert E-----------------------| Examiner-----------------------------------------

$562.50

d

562.50
562.50
541.67
541. 67
541. 67
541.67
541.67
541.67

Byrns, Miles J.------------------------Davis, Thomas H---------------------Armisted, Robert P-------------------Boggs, Verner-------------------------Cloninger, C. W- Greer, Frank H------------------------

541.67
541.67

Grantham, J
Young, R. D---

Biar, $mith.

Assistant chief auditor-Chief, recording sectionExaminer------------

enz, Louis M1-----------------------|-----d

Fort, James L.---------------------------| Counsel------

#oetzel,Lloyd C
Knarr,
W___
Smith, Charles
Swift, W . E.----

-

-

-

-

541.67
541.67
541.67
541.67
541.67
541.67
541.67
541.67
5 4 .6 7
541.67
541.67
520.83
520.83
516.67

. Hende

Assistant to Mr. Ta be r
Assistant to Mr. Stephe
Assistant secretary----Assistant to the secretar
Assistant chief auditor--

Chiefengineer,drainage

Farrell, Edward A.-Lescallett, George A
Oddie, Tasker L
Williams, T. A.
Roper, James H
Drager, Walter
Faber, Arthur L.
Norton, John E.

Giddings, william
Lyford, Frederic E
Mack, Bryan--

Stafford, Bayard C
Stewart, Adelbert T

Etheridge, Juli
House, Perry B
Schneider, John T.
Shields, Leighton
Glueck, Nathan H

7

#:
4
;

-- 00- --- -- --- --- --- --- --- -

#

ial re

.

Examiner---Beck, W . C., Jr.

Biaden,w H.

37 78 1— 36 –7

;

accountant

Supervising accoun

|

96

REPORT

OF TH E

RECONSTRUCTION

FINANCE

CORPORATION

TABLE 14.—Names and compensation of directors, officers, and employees of the
Reconstruction Finance Corporation receivingfrom the Corporation morethan$400
perimonth, as ofSept. 30, 1985—Continued
W A S H I N G T O N OF F IC E– Co n ti nu ed
Name

Title

Wilson, Robert G----------------------Joyce, Walter E-----------------------Rait, Donald M-----------------------Luther. Forrest------------------------Ward, Peter C---------------

Counsel------------------------------------------Administrative assistantEngineering examiner-A

Salary
per
month
$450.00
450. Go
450.00
450.00

433.33

McCarthy, Arthur F
Rosenwald, Harold
Wright, Charles M -

#. " ; W. C

Fletcher, Lloyd------------------------------do-----------------------------------Goodale, Robert C
Barnes, Stuart K-----------------------| Assistant counsel-------------------------

Randolph, Hollins N.----------------

- - -

Stewart, C. H-------------------------Robert, F. H--------------------------- Su
sing engineerRiddel, James L------------------------ Chief, interest section-----------------Collins, James H----------------------Shepard, G u y B-----------------------Coke, William H.
McGinty, W . G-----------------------Baden, James H------------------------! Examiner------Dawson, Donald S--Futterer, Charles---Henrich, William A.--Herrmann, Herbert J.-Merritt, Arthur B----Nesbit, Scott-----Rogers, Hatton B.-Stafford, D. N.----Watts, Lawson.-----------------------Willett, William E.-------------------Williams, John F----------------------Easley, Robert J.-----------------------Mashburn, L. W----------------------Parnell, Harvey----------------------Ralls, Frank C-----------------------Wagner, Walter D--------------------Worthington, L. S.--Hunter, Harry G-----------------------

-

4.33.33
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

(1)

L O A N AGENCIES a
Atlanta, Ga.;
Cocke, Erle------------------------- M
Chadwell, W . A.- Assistant m
-

-

-

-

$625.00
416.67

Birmingham, Ala.:
Cottingham, T. J.--

- Manager--------

Lapsley, John W--

- Agency officecounsel

600.00
500.00

Boston, Mass.:

Carney, Joseph P.

º

Jones,
B- Hagerty, John JScott, William N
Kaplan, MonroePheeny, Harold A-------------

Charlotte,N.C.: Campbell, John A.,

833.33
541.67
500.00
458.33
416.67
416.67
500.00

Chicago, Ill.:

Gallagher, F. DBlack, Craig O
Walker, LeeErnst, D. W .
Fordyce, Wil

-

-

Mattingly, B.Archibal
Bullinger, R. A
Hoel, M . O.-Gregson, Wil
Mudgett, C. F.
Standish, M . L.-Townsend, Bruce
Walters, Harold
Gill, Charles R
Tuohy, Arthur-Boysen,
Cleveland, Ohio:
Callander, F. S
Davies, M . CWadsworth, J.
See footnotes at end of table.

833.33
625.00
70s. 33
625.00
625.00
625.00
625.00
500.00
500.00
500.00
soo.txo
500.00
450.00
416.67
416.67

(*)
750.00
541.67
500.00

REPORT OF THE REconSTRUCTION FINANCE corpoBATION

97

TABLE 14.—Names and compensation of directors, officers, and employees of the
Reconstruction Finance Corporationreceivingfrom theCorporation morethan$400
per month, as of Sept. 30, 1935–Continued
L O A N A GEN CI ES -C ont in ue d
Name

Title

Killpack, James M--------------------- Chief, closed bank division-----------------------Dallas, Tex.; Andrews, Warren P------ Manager-----------------------------------------Detroit, Mich.:
Hewitt, Charles H------------------ ---- do--------------------------------------------Barber, Everett W-- - Field representative------------------------------Houston, Tex.: Ford, R. F------Manager-----------------------------------------Jacksonville, Fla.: Farwell, Fred H-----|-----do--------------------------------------------Kansas City, Mo.:
Hodges, Frank--------------------Powell, David HRice, Carl V-------------Little Rock, Ark.: Jarrett, J.
Los Angeles, Calif.:
Scroggs, Thom as C----------------Haight, Hector C------------------Louisville,
Abell, J. Fort----------------------- Manager-----------------------------------------Lovell M-------------- Assistant manager-------------------------------Minneapolis, Minn.:
Maynard, Ben C------------------- Manager-----------------------------------------Power, George C------------------- Assistant manager-------------------------------Nashville, Tenn.:
Gardenshire, J. M------------------ Manager-----------------------------------------Davis, Lee-------------------------- Assistant manager-------------------------------N e w Orleans, La.:
Buskie, George F------------------- Manager-----------------------------------------Robertson, George W.
Assistant manager
Green, Justin-----Examiner---------------------------------Griffin, James L.-M . J.-----Mc
Snowd
N e w York, N.Y.:
Mahoney, D. J.-Ahearn, Thos. J.,
Smith, Frederick P
Weinstein, Walter

j

*};
º

§ :
º

Salary
per
month

$500.00
700.00
750.00
416.67
500.00
500.00
833.33
416.67
600.00
500.00
625.00
416.67
479.17
416.67
625.00
450.00
583.33
458.33
833.33
500.00
458.
416.67
416.67
416.67
833.33

Farthing,williamj.
Hannan, Edward A

#;
do

h

#.;

-

bert J.
Manager--------------Walton,
F.,
Acting assistant manage
Thompson, J
Office attorney
Case, Willard L.
Examiner
Gretz, Arthur A--do
Portland, Oreg.: Slad
Manager--Richmond, Va.:
Gilmer, Henry G.
Manager------Staples, E. W-Assistant manage
Waters, W . M.
Chief examiner.-Salt Lake City, Utah: Smith,
-- Manager----San Antonio, Tex.: Meerscheidt, Otto--| Manager--San Francisco, Calif
Calkins, A.A.----------------------|-----do-----------McCullough, John
Assistant manager
Hossack, Harry F--Examiner-------------St. Louis, Mo.:
Vardaman, James K., Jr.
Manager-----------------------------------------Keller, Harold L.
ASSistant manager
-

- -

1 Employed on per diem basis at $25 per day.

450.00

ii

Compensation for August $650; for September $275.

* Except asherein indicated, attorneys handling legal matters of the various agenciesof thecorporation
do not receive salaries, but are paid in the customary way according to the character and volume ofthe
work performed, and therefore are not included

• Employed on per diem basis at$20per day. Compensation for August, $240; for September, $480.
*Temporary.

98

REPORT of THE RECONSTRUCTION FINANCE coRPORATION

TABLE 15.-Statement of cash receipts and expenditures during the third quarter,
tºJuly 1, 1935, to Sept. 30, 1935, inclusive (Corporation's accounts with Treasurer
of United States)
Cash balance at thecloseofbusinessJune 30,1935, asper the books ofthe treasurerofthe
Corporation---------------------------------------------------------------------------Add: Checks issued prior to July 1, 1935, canceled subsequent to June
* *vºv --- ---- --- ---- --- --- ---- --- ---- --- --- ---- --- ---- --- ---- --- --- ---$445.83
Deduct: Corrections of errors reported to the Treasurer subsequent to
168.68
June 30, 1935-----------------------------------------------------------

$4,047,807.88

277.15

Recei

Aºustedcash balance at the close of business June 30, 1935-------------------------

4,048,085.03

pts:

Sale of notes---------------------------------------------------------- $183,852, 500.00

Repayments on loans:
T o banks and trust companies (including receivers)- $64,953,222.89
T o credit unions---------------------------------5,680.00
T o building and loan associations (including re
ceivers)----------------------------------------- 1,698,573.80
T o insurance companies-------------------- 2,006, 604.01
T o Federal land banks----3,493, 258.98
T o joint-stock land banks
657,639.71
T o livestock credit corporations------------------281,779.82
T o mortgage loan companies---------------------- 17,447,779.71
T o agricultural credit corporations
,250.00
T o railroads--------------------------------------1,733,080.23
T o state funds for insurance of deposits of public
InoneyS----------------------------------------703,287.36
To borrowers engaged in the fishing industry----2,500.00
T o industrial and commercial business
650, 198.45
O n assets of closed banks-sec. 5e------------2,136,077.02
For self-liquidating projects (par $1,061,900)-------- 1,057,656.64
For repair or reconstruction of property damaged
by earthquake, etc.:
Under sec. 201 (a), act of July 21, 1932, as
amended-----------------------------------64,897. 10
Under act of Apr. 13, 1934, as amended-------5,325.00
For financial saleofagricultural surpluses in foreign
m ar k e ts
15,091.94
For financing the carrying and orderly marketing of
-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

agricultural commodities and livestockproduced
in the United States:
Commodity Credit Corporation--------------Other----------------------------------

To drainage, levee, and irrigation districts
Secured by preferred stock-banks and trust co m
panies------------------------------------------—

11,504,819.59
258,000.24
23,927.88
447,047.83

Preferred stock,capitalnote, and debenture retirements-------------Relief disbursements (1932act) repaid-------------------------------Capital reductions regional agricultural credit corporations------------

109,153,698.20
10,999,855.91
590,010.00
1,015,000.00

Saleofsecuritiespurchased from Federal Emergency Administration
of Public Works---------------------------------------------------Interest and discount collected.--------------------------------------Dividends collected on preferred stock purchased (including interest
on interim receipts)-----------------------------------------------Interest collected on capital notes and debentures-------------------Accrued interest on notes sold --------------------------------------Deferred credits—premium, on sale of securities purchased from other
governmental agencies--------------------------------------------Reimbursable expense collected.-------------------------------------on advances for care and preservation of collateral
Collections on collateral (cash collateral)----------------------------Liquidation of collateral purchased.----------------------------------Deposits with bids for purchase of securities-------------------------Remittances held in
vices------------------------Miscellaneous (including amounts credited in error)

38,092,878.36
16,569,449.21
10,129,306.08
3,389,889.14
14,985.17
1,708,349, 10

§ º .

..I.

§ . º . º .

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

395, 516,695.60
399, 564,780.63
Expenditures:
Ret irem ent of notes-------------------------------------------------L o a n disbursements:

To banksand trustcompanies(includingreceivers)- $16,763,206.10
T o building and loan associations (including re
ceivers)----------------------------------------- 1,007, 118.79
T o mortgage loan companies---------------------- 4,837,393.50
T o railroads--------------------------------------291,400.00
T o borrowers engaged in the fishing industry-----16,000.00
T o industrial and commercial business------------ 11,226,894.56
T o mining, milling, and smelting business-95,
00
O n assets of closed banks, sec. 5 e------------- 10,594,977.27
-

forselfliquidatingprojects(par,$23,021,500).III. 23.927,563.48

$16,050,000.00

REPORT of THE RECONSTRUCTION FINANCE CORPORATION

99

TABLE 15.-Statement of cash receipts and expenditures during the third quarter,
July 1, 1985, to Sept. 30, 1985, inclusive (Corporation's accounts with Treasurer
of United States)—Continued
Expenditures–Continued.
Loan disbursements—Continued.
For repair or reconstruction ofproperty damaged

by earthquake, etc.:
Under sec. 201 (a), act of July 21, 1932, as
amended------------------------------$3,600.00
Under act of Apr. 13, 1934, as amended
1,000,000.00
For financing the carrying and orderly marketing
of agricultural commodities and livestock pro
duced in the United States:
Commodity Credit Corporation-------------- 122,080,623.62
Other-------------------------------793,338.91
To drainage, levee,and irrigationdistricts-------- 6,603,672.11
Secured by preferred stock-insurance companies-150,000.00
Secured by preferred stock—banks and trust c o m
panies-----------------------------------------185,350.00
—
$198,976, 138.32
- -

Purchasesofpreferredstock,capitalnotes,and debentures-banks and
trust.companies---------------------------------------------------Capital increases regional agricultural credit corporations------------

18,989,675.00
1,000,000.00
Purchases of securities from Federal Emergency Administration of
Public Works------------------------------------------------------ 126,971,821.05
Allocations to other governmental agencies:
T o Secretary of the Treasury for purchase ofstock of
the Federal home loan banks-------------------- $3

Forexpensesregionalagriculturalcreditcorpo
(under Farm Credit Administration).------------

For expensés Federal Emergency Relief Adminis
tration-------------------------------------------

2,106.73
—
Advances for care and preservation of collateral---------------------Advances for care and preservation and expense of collateral p u r
chased.------------------------------------------------------------Re und of interest and dividend overpayments
Interest on cash collateral to rediscounts---------Discount rebates and refund of unearned discountRelease offunds held in suspense--------------Interest on notes-------------------------

4,335, 106.73
203,211.99
16,589.79
363,978.77
251.36
86, 58

-

-

-

-

Accrued intereston securitiespurchased.-----------------------------Furniture and fixtures-----------------------------------------------Expense:
General----------------------------------------------------------

Loan
agency-Custodian------Reimbursable expense

2,610,679.00
23,313,293.25
2,532,226.63
36,752.93
1,248,977.13
1,087,892.97
483,760.38
352,442.29

Miscellaneous (including refunds and adjustments for amounts
credited in error)--------------------------------------------------—

445,436. 16
—
—
$399,018,320.33

Cash balance at the closeofbusiness Sept.30, 1935------------------------

- - - - - - - - -

546,460.30

NOTE.-In addition to funds on deposit with the Treasurer of the United States, Custodian banks held

insuspensefunds which amounted to$82,308.90at thecloseofbusinessJune30,1935,and $133,050.73atthe
close of business Sept. 30, 1935.

100

REPORT of THE RECONSTRUCTION FINANCE corporation

ºf:

TABLE 16.-Statement of cash
and expenditures during the 9 months,
Jan. 1, 1985, to Sept. 30, 1935, inclusive (Corporation's accounts with Treasurer
of United States)
Cash balance at the close ofbusiness Dec. 31, 1934, as per the books ofthe treasurer ofthe
Corporation--------------------------------------------------------------------------

*†, Checks issued prior to Jan. 1, 1935, canceled subsequent to Dec. 31,

$5,868,698.17

$28, 119.83
220,256.10
248,375.93
Adjusted cash balance at the close of business Dec. 31, 1934----------------------Receipts:
Sale of notes-------------------------------------------------------- $420,380,500.00
Repayments on loans:
T o banks and trust companies (including
receivers)------------------------------------ $270,392,831.69
T o credit unions------------------------------74,374.14
T o building and loan associations (including
receivers)-----------------------------------11,678,962.46
T o insurance companies
7,108,428.46
T o Federal land banks--------------------21,932,154.85
T o joint-stock land banks.---------------4,073,806.82
T o livestock credit corporations---------429,056.08
T o mortgage loan companies------------43,866,723.47
T o agricultural credit corporations.
,003. 50
T o railroads (including receivers)--------------3,869,231.16
T o processors or distributors for payment of
processing taxes-----------------------------900.00
T o State funds for insurance ofdeposits ofpublic
InoneyS-------------------------------------1,278,061.13
T o borrowers engaged in the fishing industr
2,500.00
T o industrial and commercial business--1,266,699.25
O n assets of closed banks—sec. 5e----------2,164, 145.53
For self-liquidating projects (par $3,058,000)---3,027,534. 53
For repair or reconstruction ofproperty damaged
by earthquake, etc.:
Under sec. 201—a, act of July 21, 1932, as
amended--------------------------------170,428.59
Under act of Apr. 13, 1934, as amended----6,245.00
For financing sale of agricultural surpluses in
foreign markets-----------------------------566,583.14
For financing the carrying and orderly market
ing of agricultural commodities and livestock
produced in the United States:
Commodity Credit Corporation------------ 33,040,868. 16
Other---------------------------------917, 166.08
T o drainage, levee and irrigation districts
52,927.88
Secured by preferred stock–insurance c o m
panies---------------------------------------100,000.00
Secured by preferred stock-banks and trust
companies-----------------------------------1,224,343.97
—
407,253,975.89
Preferredstock, capitalnote and debenture retirements------------ 28,721,265.68
Relief disbursements (1932 act)
674, 592.00
Capital reductions regional agricultural credit corporations
4, 190,000.00
Sale ofsecurities purchased from Federal Emergency Administration
of Public Works--------------83,914,039.93
Funds of The R. F. C. Mortgage Co9,998,500.00
Interest and discount collected.------------------------44,825,067.26
Dividends collected on preferred stock purchased (inclu
on interim receipts)---------------------------------------------- 20,366,225.66
8,684,576.07
Interest collected on capital notes and debentures-Ac cr ue d interest o n notes sold.------------------53,745.98
P r e m i u m on notes sold-------------------------------------------389,843.24
Deferred credits—premium on sale of securities purchased from
other governmental agencies------------------------------------1,708,349.10
Reimbursable expense collected.-----------------------------------953,472.67
Repayments on advances for care and preservation of collateral.---898,905.90
Collections on collateral (cash collateral)--------------------------65,218.29
Liquidation of collateral purchased.-------524, 747.89
Premium on securities sold----------------------------------------65,000.00
Deposits with bids for purchase of securities-----------------------700.00
Remittances held in suspense-------------------------------------- 41,807,685.68
Unallocated-pending advices--------------------3,594,862.63
Miscellaneous (including amounts credited in error)---------------676,854.50

º:------------------

6,117,074.10

-

- - -

-

-

-

-

-

-

-

1,079,748, 128.37
Total---------------------------------------------------------------------------- 1,085,865,202.47

REPORT of THE REconSTRUCTION FINANCE corporation 101
TABLE 16.-Statement of cash receipts and expenditures during the 9 months,
Jan. 1, 1935, to Sept. 30, 1935, inclusive (Corporation's accounts with Treasurer

of United States)—Continued
Expenditures:
Retirement of notes------------------------------------------------ $182,143,000.00
n disbursements:
T o banks and trust companies (including re
ceivers)-------------------------------------- $83,578,870.98
T o credit unions------------------------------19,241.58
T o building and loan associations (including re
ceivers)-------------------------------------1,458,402.92
T o insurance companies----1,631.31
T o livestock credit corporations120,
T o mortgage loan companies-----17,766,788.71
T o agricultural credit corporations
26,760.67
T o railroads (including receivers)-------------- 39,839,300.00
T o State funds for insurance of deposits of public
Inoneys-------------------------------------2,376,915.30
T o borrowers engaged in the fishing industry--69,500.00
T o industrial and commercial business--------- 27,017,441.64
T o mining, milling, and smelting business
775,000.00
O n assets of closed banks—sec. 5e--------------- 11,026,698.85
For self-liquidating projects (par $49,165,000)--- 48,880,124, 15
For repair or reconstruction of property d a m
aged by earthquake, etc.:
Under sec. 201—a, act of July 21, 1932, as
amended--------------------------------66,721.18
Under act of Apr. 13, 1934, as amended.----1,079,900.00
For financing sale of agricultural surpluses in
foreign markets-----------------------------25,343.69
For financing the carrying and orderly marketing
of agricultural commodities and livestock pro
duced in the United States:
Commodity credit corporation------------- 258,467, 760.33
Other------------------------------5,116,794.39
T o drainage, levee, and irrigation districts------ 21,930,247.82
Secured by preferred stock—Insurance c o m
panies---------------------------------------150,000.00
Secured by preferred stock—Banks and trust
companies-----------------------------------2,164,905.00
—
521,958,348, 52
-

-

-

Purchases of preferred stock, capital notes, and debentures—
Banks and trust companies---------------------------------- 85,901, 103.33
Co
--- 10,000,000.00
Purchase of stock of The R F C
Capital increases regional agricultural credit corporations------4,175,000.00
Purchases of securities from Federal Emergency Administration
of Public Works---------------------------------------------- 187,806,476.96
Withdrawal by The R F C Mortgage Co. offunds held forit---8,000.00
Allocations to other governmental agencies:

*::::::::

To SecretaryoftheTreasury forpurchase of
stock of the Federal home loan banks---$3,600,000.00
9,000,000.00
For expenses regional agricultural credit
corporations (under Farm Credit A d
ministration).----------------------------2,383,750.00
For expenses Federal Emergency Relief
Administration-------------------------18,085.07
For relief:
To States on certification of Federal E m e r
gency Relief Administrator-----------398,085.00
Under Emergency Appropriation Act,
1935----------------------------------- 30,000,000.00
—
Advances for care and preservation of collateral--------------------

To Federal Housing Administrator---------

45,399,920.07
1,096,594.15

Advances for care and preservation and expense of collateral pur
chased.-----------------------------------------------------------

Refund ofinterest and dividend overpayments--------------------Release of cash collateral------------------------------------------Interest on cash collateral to rediscounts---------------------------Discount rebates and refund of unearned discount------------------

63,647.67
1,290,326.03
78,786.24
2,368.71
14,565.11

Releaseoffunds held insuspense
Interest on notes------------------------

Accrued interest on securities purchased
Furniture and fixtures--------------------------------------------Loan agency--

.Custodian------Reimbursable expense---------------------------------------------Miscellaneous (including refunds and adjustments for amounts
credited in error)------------------------------------------------—

807,226.30

Cash balance at the close of business Sept. 30, 1935-------------------------------

$1,085, 318, 742.17
546,460.30

NoTE.—In addition tofundson depositwith the Treasurerofthe United States, Custodian banks held in
suspense funds which amounted to $44,523.27 at the close of business December 31, 1934, and $133,050.73
at the close of business September 30, 1935.

102

REPORT of THE REConstruction FINANCE corpoBATION

TABLE 17.-Statement of condition of the Corporation as of the close of business,
Sept. 30, 1985
Assets

Cash on deposit with Treasurer of United States

$546,460.30
133,050.73
20,296.65
3,108,387.60

Funds held in suspense by custodian banks
Petty cash funds, travel and other advances
Allocated for expenses regional agricultural cr

!.

Allocated forexpensesregionalagriculturalcreditcorporationssince May 26,1933 (under
Farm Credit Administration) ------------------------------------Allocated for Federal Emergency Relief Administration (1933 ReliefAc
Allocated for Federal Emergency Relief Administration (under Emergenc
tion Act of 1935) ------------------------

12,640,000.00
500,000,000.00
500,000,000.00
500,000,000.00
124,741,000.00
200,000,000.00

Allocated under Emergency ReliefApprop
Allocated to Secretary of Treasury 4

Allocated to Secretary ofTreasury -----Allocated to Land Bank Commissioner *------------------

Less: Reallocated to Federal Farm Mortgage Corporat
Allocated to Federal Farm

Nº.

245,000,000.00
55,000,000.00
34,000,000.00

Corporation

Allocated to Federal Housing Administrator 7
Allocated to Secretary ofAgriculture*-------

Reallocatedascapital regional agricultural credit
$44,500,000.00
corporations-d
Reallocated to
ministration---------------------------------- 40,500,000.00
—

85,000,000.00

Capitalregional agricultural creditcorporations-----------------------credit cor
Allocated for revolving fund (capital regional a

44,485,000.00

porations)------------------------------------------------------------

15,000.00

Allocated to Governor Farm Credit Administration

Reliefauthorizations (1932act):
Advances to

§

of States and Territories:

Reliefauthorizations (1932act):
Advances to municipalitiesand politicalsubdivisions, including Puerto Rico:
Proceeds disbursed (lessrepayments)
Proceeds not yet disbursed.--Loans under sec. 5:

Proceeds disbursed (lessrepayments):
Banks and trustcompanies"----------------------------------- $427,656,679.84
-

330,325. 16
8,954,440.89
17,162,987.36
56,340,386.07
2,381,023.90
1,024,064.30
132,346,343.51
866,250.00
412,902,782.99

Credit unions----------

Building and loan
Insurance companies
Federal land banks.-Joint-stock land banks-

Livestock credit corpora
Mortgage loan companies •Agricultural creditcorporat
Railroads (including receivers)--Processors or distributors for paym
Statefunds forinsuranceofdepositsofpu
Borrowers engaged in the fishingindustry
Proceeds not yet disbursed:
Banks and trust companies •
Credit unions--------

Building and loan asso
Insurance companies---

567.68

1,406,973.98
92,000.00

1,061,464,825.68
-- 115,226,567. 12
758.42
141,067.66
40,000.00

Joint-stock land banks---

Mortgage loan companies 9Railroads (including receivers).
Borrowersengaged in the fishingindustry----------------------

$50,000.00

99,177,996.43
338,600.00
590,400.00

Loans toindustrialand commercial business:
Proceeds disbursed (lessrepayments)----------------------------------------------Proceeds not yetdisbursed.-------------------------------------------------Loans to mining, milling, and smeltingbusiness
-

Proceeds disbursed.-------

Proceeds not yet disbursed
S on assets of closed banks—sec. 5e:

Proceeds disbursed (lessrepayments)
Proceeds not yet disbursed.--------------------------

Loans and contracts for self-liquidating projects:
Proceeds disbursed (lessrepayments) (par $162,158,100)------Proceeds not yet disbursed (par$87,211,700)-------------------------Loans forrepair orreconstruction ofproperty damaged by earthquake, etc
Proceeds disbursed (lessrepayments)-------------------------Proceeds not yet disbursed.--------------------------------------------------

Loansundersec.201—c.forfinancingsaleofagriculturalsurplusesinforeignmarket
Proceeds disbursed (lessrepayments)---------------------------------------------See footnotes at end of table.

REPORT of T HE RECONSTRUCTION FINANCE corporation

103

TABLE 17.-Statement of condition of the Corporation as of the close of business,
Sept. 30, 1935—Continued
ASSETS-continued
Loans for financing the carrying and orderly marketing of agricultural commodities and
livestock produced in the United States:
Proceeds disbursed (less repayments)-Proceeds not yet disbursed
Loans to
levee, and irrigation districts:
Proceeds disbursed (lessrepayments)---Proceeds not yet disbursed.-------------------secured by preferred stock–insurance companies:
Proceeds disbursed (less
Loans Secured by preferred stock-banks and trust companies:
Proceeds disbursed (lessrepayments)
Proceeds not yet disbursed.--------------------------------------------------------Stock—mortgage companies—sec. 5c:
Purchased.-------------Subscription authorized
Preferred stock—banks and trust companies:
Purchased (less retirements)
Subscriptions authorized------Pu rc has ed
Preferred stock—insurance
Capital notes and debentures—banks and trust companies:
Purchased (less retirements)

..i.

º

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

tº:

Subscriptions authorized--------------------------------------------------Purchases of securities from Federal Emergency Administration of Public Works
Purchases consummated (lesssales)-----------------------------------------------Purchases authorized but not yet consummated.-----------------------------------Advances for care and preservation of collateral:
Proceeds disbursed (lessrepayments)-Proceeds not yet disbursed
Collateral purchased (cost less proceeds ofliquidation)
Accrued interest and dividends receivable-----------Reimbursable expense----------------------------------------------------------------Furniture and fixtures------------$727,401.42
Less allowances for depreciation------------------------------------ 147,845.83
-

-

-

-

-

-

Miscellaneous disbursements-----------------------------------------------------------

$267,141, 561. 12
244,322, 166.44
34, 175,499.81
68, 171,923.99
30,083,000.00
19,988,216.51
208,000.00
10,000,000.00
000,000.00
641,990,880.06
38,723,500.00
100,000.00
242,361,925.00
59,950, 500.00
105,225,400.00
1,569,800.00
261,886.36
243,994.76
2,332,374.34
35,002,939.59
665,433.71
579,555.59
164,389.42
6, 133,866,164.57

LiABILITIES A N D CAPI TAL

Payable on certificate of Federal Emergency Relief Administrator (1933 Relief Act)---Payable under Emergency Relief Appropriation Act of 1935 *
Payable to Secretary of the Treasury"--------------------Payable to Land Bank Commissioner *
Credit Administration for expenses of regional agricultural credit
Callable

§ Fºrm

c or p o ra t i on s "- --- -- -- -- --- -- -- -- --- -- -- --- -- -- -- --- -- -- -- --- -- -- -- --- -- -- --- -- -- -- ---

Payable for capital regional agricultural credit corporations.
Liability for funds held as cash collateral----------------------------------------------Liability for funds held for other agencies----------------------------------------------

Proceeds not yet disbursed:

Relief authorizations (1932 act)----------------------------------------------------L o a n s u n d e r sec. 5-----------------------------------------------------------------

Loans
Loans
Loans
Loans
Loans

to industrial and commercial business--------------------------------------to mining, milling, and smelting business-----------------------------------on assets of closed banks—sec. 5e--------and contracts for self-liquidating projects
for repair or reconstruction of
damaged by eart
etc

º

º

Loans for financing the carrying and orderly marketing ofagricultural commodities
and livestock produced inthe United States------------------------------------Loans to drainage, levee, and irrigation districts-----------------Loans secured by preferred stock—banks and trust companies---Advances for care and preservation of collateral.-----------------------------------Subscription authorizations:

Stock-mortgage companies-sec. 5c---------------------Preferred stock—banks and trust companies

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

and debentures—banks and trust compani
F Capital
. §notes
securities from Federal Emergency Administration of Public Works
au tho ri zed .- --- -- --- -- --- -- --- -- --- -- --- -- --- -- --- -- --- -- --- -- --- -- --- -- --- -- --- --

Cash receiptsnot allocatedpending advices-------------------------------------------Miscellaneous liabilities (includingsuspense).------------------------------------------Liability for deposits with bids--------------------------------------------------------Liability for funds held pending adjustment--------------------------------Unearned discount----------------------------------------------------------Interest paid in advance--------------------------Interest and dividend refunds and rebates payable-Interest accrued-----------------------------------------------------------------------Deferred credits:
Profits from sale of securities purchased from other governmental
$1,697, 173.40
216,726.35
330, 108.86

216,065,389.
6,247

::i
*

3,

24

:

::
5

000,

;§

j

,210. 00
107,124.41
89,110.51
354,876.62
21,672,643.01

2,244,008. 61
See footnotes at end of table.

104 REPORT of THE REconSTRUCTION FINANCE corporation
TABLE 17.-Statement of condition of the Corporation as of the close of business,
Sept. 30, 1935—Continued
LIABILITIES AND CAPITAL-continued
Notes-series E, G, H, and J---------------------------------------------------------- $4,072, 574, 166.67
Capital stock-------------------------------------------------------------------------500,000,000.00
$83,676,632.16
Reserve for self insurance----------------------------------------------125,000.00
83,801,632.16

Surplus Dec. 31, 1934 (adjusted)----------------------------

-

Interest and dividends earned less interest and expenses (Jan. 1, 1935, through Sept.
30, 1935)—----------------------------------------------------------------------------

25,048,858.01

Total---------------------------------------------------------------------------- 6,133,866, 164.57
1 Sec. 201 (e) of the Emergency Relief and Construction Act of 1932, provides that all expenses incurred
in connection with the operation of the Regional Agricultural Credit Corporations shall
paid by the
Reconstruction Finance Corporation. Under the provisions of this act the Corporation has allocated
$15,748,387.60 forsuch expenses.
*Title II of the
Act, fiscal year 1935", approved June 19, 1934, provides:
*** * * That not exceeding $500,000,000 in the aggregate of any savings or unobligated bal nces in funds
of the Reconstruction Finance
may, in the discretion of the President, be transferred and
applied to the purposes of the Federal Emergency ReliefActofis: and/or title II ofthe National Industrial
Recovery Act, * * *.” Under this act $500,000,000 has been transferred to the Federal Emergency
Relief Administration.
* The Emergency Relief Appropriation Act of 1935, approved Apr. 8, 1935, provides: “That in order to
provide relief, work relief, and to increase employment by providing for useful projects, there is hereby
appropriated, * * * to be used in the discretion and under the direction of the President, to be i m m e
diately available and to remain available until June 30, 1937, * * * not exceeding $500,000,000 in the
aggregate of any savings or unexpended balances in funds of the Reconstruction Finance Corporation;
* * *.” N o disbursements have been made by the Corporation under these provisions of the act.
* Sec. 2 of the Reconstruction Finance Corporation Act, as amended, provides that “in order to enable
the Secretary of the Treasury to make payments upon stock of Federal home loan banks subscribed for by
him in accordance with the Federal H o m e Loan Bank Act, the sum of $125,000,000 or so much thereof as
Inaybe necessary for such
is hereby allocated and made available to the Secretary ofthe
*.” The amount of such stock subscribed for by the Secretary of the Treasury is $124,741,000.

.

§
j º .

º :

*Sec. 4b of the Home Owners' Loan Act of 1933,providesthat toenablethe Secretary ofthe

to make payments for subscriptions by him to the capital stock of the H o m e Owners' Loan Corporation the
Reconstruction Finance Corporation shall allocate and make available to the Secretary of the Treasury
the s u m of $200,000,000 or so much thereof as m ay be necessary. The amount of such stock subscribed for
by the Secretary ofthe Treasury is $200,000,000 and this amount has been paid to him.
*Sec. 30 (a) of the
Farm Mortgage Act of 1933, as amended, made $100,000,000 available to
the Farm Loan (now Land Bank) Commissioner for loans to joint-stock land banks, of which $2,600,000
has been paid to him. Sec. 32 of the same act made $200,000,000 available to the Farm Loan (now Land
Bank) Commissioner for direct loans to farmers, of which $145,000,000 was paid to the Land Bank C o m
missioner and the remainder, $55,000,000, reallocated and paid to the Federal Farm Mortgage Corporation
under sec. 3 of the Federal Farm Mortgage Corporation Act.
7 Sec. 4 of the National Housing Act provides that “the Reconstruction Finance Corporation shall make
available to the Administrator such funds as he m a y deem necessary.” Pursuant to this act $34,000,000
has been paid to the Federal Housing Administrator.
* Sec. 2 of the Reconstruction Finance Corporation Act, as amended, made available to the Secretary
of Agriculture $200,000,000. Of thisamount $135,000,000 was
to him of which $20,000,000 was returned
to the Corporation. Of the $85,000,000 then held by the Corporation, $44,500,000 was reallocated and
disbursed as capital of the Regional Agricultural Credit Corporations (sec. 201 (e) Emergency Relief and
Construction Act of 1932). The remainder, $40,500,000, was made available and has been paid to the
Governor of the 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, as amended, to aid in the reorganiza
tion or liquidation of closed institutions have been authorized in the aggregate amount of $1,152,397,434.64
of which $197,352,300.17 has been canceled. After taking into consideration repayments of $561,174,876.57
items (9) of the balance sheet include the balance of $280,326,765.35 representing proceeds disbursed (less

H º

8.

repayments) and $113,543,492.55 representing proceeds not yet disbursed, exclusive of$175,000 loans ap
proved in principleupon the performance ofspecified conditions.
10Representsundisbursed portionofestimatedexpenses ofthe Regional AgriculturalCreditCorporations
for the fiscal year ending June 30, 1936.

In addition to loans and other authorizations reflected on the statement of condition, the corporation

has approved in principle, upon the performance of specified conditions, loans in the amount of
$185,152,972.82, purchases ofpreferred stock, capital notes, and debentures in the amount of$32,568,980.41,
and purchase of stock of a mortgage company in the amount of $10,000,000. The corporation has also
agreed topurchasefrom the FederalEmergency AdministrationofPublicWorks atparand accruedinterest
such part ofsecurities having aggregate par value of$105,549,000asmay be availablefordelivery.
Under the provisions ofsec. 5 (b) ofan act approved June 16, 1934 (Public, No. 362,73d Cong.) the cor
poration isrequired topurchase debentures orotherobligationsofthe Federal DepositInsurance Corpora
tion, upon its request, up to but not exceeding $250,000,000. The Corporation has not been called upon to
purchase any such obligations.
-

This statement ofcondition doesnot take into consideration expenditures incurred but not paid by the
corporationat the closeofbusiness, Sept.30,1935,nor income of Regional AgriculturalCreditCorporations
whose capital stock was

subscribedby the corporation.

O